摘要：A recente crise financeira global veu provocando un forte impacto sobre o crecemento das principais economías europeas. Esta crise está producindo efectos extremadamente adver-sos sobre a actividade real da economía a través de diversas canles. Entre estas atópase o efecto riqueza, supoñendo que a variación dos niveis de riqueza pode estar conducindo a unha variación no consumo privado. Baixo este contexto, este traballo ten como obxectivo principal analizar a evolución dos niveis de riqueza e o seu efecto resultante sobre o consumo, utilizando macrodatos agregados de dez países da Unión Económica e Monetaria durante o período tri-mestral 2000-2010.
其他摘要：The recent global financial crisis has emerged causing a strong impact on the growth of the main European economies. This crisis is producing extremely adverse effects on the real activity of the economy through diverse channels. Among these is the effect wealth, which sup-poses that the variation of the wealth levels can be leading to a variation in the private consump-tion. Therefore, this article has as the primary goal to analyze the evolution of the wealth levels and its resulting effect on the consumption, using aggregated macro data of ten EMU countries during the 2000-2010 quarterly periods.
关键词：Efecto riqueza; Consumo; Crise financeira; Unión Económica e Monetaria; Europa;Wealth effect; Consumption; Financial crisis Economic and monetary union; Eu-rope
