Wealth effects in euro-zone and Japan will be small

Quantitative easing in the euro-zone and Japan has provided a big boost to equity markets which in turn should bolster household wealth. But barring a major recovery in the housing market, the impact of wealth effects on consumption in both economies is likely to be small.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.