RT Journal Article
T1 The Wealth Effect in the Eurozone
A1 Rodil Marzábal, Óscar
A1 Menezes Ferreira Junior, Vicente
K1 Wealth
K1 Consumption
K1 Crisis
K1 Eurozone
AB The recent global financial crisis represents a serious threat to thegrowth of economies. This crisis deeply affects the real economy through aphenomenon known as the wealth effect, which assumes that a fall in wealthleads to a reduction of private consumption. Thus, this paper analyzes thewealth effect on consumption using quarterly macro-data for 10 Eurozonecountries in the period 2000-2010. The results suggest the existence of a positiveand significant wealth effect on consumption with the predominance of afinancial effect on housing, showing larger consumption sensitivity to changesin the value of financial assets
PB Economists' Association of Vojvodina
SN 1452-595X
YR 2016
FD 2016
LK http://hdl.handle.net/10347/15956
UL http://hdl.handle.net/10347/15956
LA eng
NO Rodil-Marzábal, Óscar, and Menezes-Ferreira-Junior, Vicente, 2016. The Wealth Effect in the Eurozone. PANOECONOMICUS, 2016, Vol. 63, Issue 1, pp. 87-112. DOI: 10.2298/PAN1601087R
DS Minerva
RD 24 abr 2026