Rodil Marzábal, ÓscarMenezes Ferreira Junior, Vicente2017-10-212017-10-212016Rodil-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/PAN1601087R1452-595Xhttp://hdl.handle.net/10347/15956The recent global financial crisis represents a serious threat to the growth of economies. This crisis deeply affects the real economy through a phenomenon known as the wealth effect, which assumes that a fall in wealth leads to a reduction of private consumption. Thus, this paper analyzes the wealth effect on consumption using quarterly macro-data for 10 Eurozone countries in the period 2000-2010. The results suggest the existence of a positive and significant wealth effect on consumption with the predominance of a financial effect on housing, showing larger consumption sensitivity to changes in the value of financial assetseng© The Author(s) 2016. This work will be distributed under the Creative Commons Attribution 4.0 International License (CC BY). It is allowed to copy and redistribute the material in any medium or format, and remix, transform, and build upon it for any purpose, even commercially, as long as appropriate credit is given to the original author(s), a link to the license is provided and it is indicated if changes were madeWealthConsumptionCrisisEurozonejournal article10.2298/PAN1601087R2217-2386open access