Weighing the Wealth Effect

By Scott Hoyt, Brian Poi, Mark Zandi

December 2017

Credit Correlations, Economic Forecasts

In this webinar, Mark Zandi and the Moody's Analytics team discuss the impact of the wealth effect on economic expansion and quantify econometric estimates based on data from Visa and Equifax.

The "wealth effect" - the impact of changes in household wealth on consumer spending - has been instrumental to the economy's gains, with the American consumer powering the U.S. and global economies.

Forces such as surging stock and housing values are driving this, but stability will remain critical for continued growth.


Webinar-on-Demand Moody's Analytics Webinar: U.S. Consumer Credit Outlook Listen as Moody’s Analytics Scott Hoyt and Deniz Tudor, discuss the current and anticipated trends in household credit conditions based on data from Equifax. Key topics include: February 2019 WebPage Scott Hoyt, Dr. Deniz Tudor
Moody's Analytics Webinar: U.S. Consumer Credit Outlook Join Moody’s Analytics Scott Hoyt and Deniz Tudor, as they discuss the current and anticipated trends in household credit conditions based on data from Equifax. February 27, 2019 WebPage Scott Hoyt, Dr. Deniz Tudor
Moody's Analytics Webinar: Briefing on the CCAR Scenarios The Federal Reserve will release its scenarios for the 2019 CCAR stress test. Join Mark Zandi and Cristian deRitis as they discuss the narratives behind the Fed’s scenarios under forecasts of detailed economic variables. February 11, 2019 WebPage Mark Zandi, Dr. Cristian deRitis
Webinar-on-Demand Moody's Analytics Webinar: Briefing on the CCAR Scenarios The Federal Reserve have released its scenarios for the 2019 CCAR stress test. Listen as Mark Zandi and Cristian deRitis discuss the narratives behind the Fed’s scenarios under forecasts of detailed economic variables. February 2019 WebPage Mark Zandi, Dr. Cristian deRitis
Article Trump Trade War: An Uneasy Truce Using the Moody's Analytics model of the global economy, we consider the fallout if current negotiations break down and trade tensions between the two economic giants reignite. February 2019 Pdf Mark Zandi
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2019 U.S. Macro Outlook: From Virtuous to Vicious Cycle In this webinar, Chief Economist Mark Zandi, will share his outlook for the economy, including why 2019 should be another reasonably good year, the threats to this expectation and why a downturn early in the next decade is more likely. January 15, 2019 WebPage Mark Zandi
Webinar-on-Demand Moody's Analytics: 2019 U.S. Macro Outlook - From Virtuous to Vicious Cycle The next recession is coming into view but probably will not arrive in the coming year as many seem to fear. January 2019 WebPage Mark Zandi
Article Gauging CECL Cyclicality In this paper, we provide empirical support for the conclusion that the CECL standard will be less procyclical than the incurred loss standard. December 2018 Pdf Mark Zandi, Dr. Cristian deRitis
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