Wealth effect
7
MENTIONS
2
EPISODES
2
PODCASTS
Search complete. 7 mentions across 2 episodes found for "Wealth effect".
Oct 1, 2026
Tom PanosGUEST
All these premiers have had to go, you know, reforecast their whole budgets, right? So there's those impacts as well.
Tom PanosGUEST
So you do want a healthy real estate system in Australia, for none other reason than the wealth effect.
Tom PanosGUEST
And the wealth effect says this.
Tom PanosGUEST
When someone is feeling wealthy, they invest in things.
Tom PanosGUEST
They put staff on in their business.
Tom PanosGUEST
I'm not gonna make that trip away.
Tom PanosGUEST
I'm not gonna help that person.
Tom PanosGUEST
I'm not gonna do that." That's called the wealth effect, and the wealth effect says that when you feel prosperous and you're going well, like, you act and behave in that way.
Dean CurnuttHOST
Thanks for having me, Dean.
Dean CurnuttHOST
I saw your well-written piece in the FT about a month ago that was really linking monetary policy to the wealth effect.
Dean CurnuttHOST
Wanted to connect with you and solicit your... insights and analysis.
Dean CurnuttHOST
It's such an interesting time that we're having this conversation with a significant backup in bond yields, monetary policy and flux.
12 MINS LATER
Brij KhuranaGUEST
And so where is the inflation? In my mind, it's the residual things from a lot of fiscal spending historically.
Brij KhuranaGUEST
So that's changed the relative prices of things like used cars versus new cars.
Brij KhuranaGUEST
Certainly the wealth effect in things like shelter, in things like medical care and things like restaurants, travel.
Brij KhuranaGUEST
That's where the inflation is this almost like sticky services inflation, which is much more tied to the wealth effect than it is to just demand side labor inflation, which to the Fed's credit, that was what we were seeing in 2022 and 23.