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Deceiving Our Minds: A Qualitative Exploration of the Money Illusion in Post-redenomination Ghana

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  • Vivian Dzokoto

    ()

  • Edwin Mensah

    ()

  • Maxwell Twum-Asante

    ()

  • Annabella Opare-Henaku

    ()

Abstract

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Suggested Citation

  • Vivian Dzokoto & Edwin Mensah & Maxwell Twum-Asante & Annabella Opare-Henaku, 2010. "Deceiving Our Minds: A Qualitative Exploration of the Money Illusion in Post-redenomination Ghana," Journal of Consumer Policy, Springer, vol. 33(4), pages 339-353, December.
  • Handle: RePEc:kap:jcopol:v:33:y:2010:i:4:p:339-353 DOI: 10.1007/s10603-010-9144-3
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    References listed on IDEAS

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    1. Raghubir, Priya & Srivastava, Joydeep, 2002. " Effect of Face Value on Product Valuation in Foreign Currencies," Journal of Consumer Research, Oxford University Press, vol. 29(3), pages 335-347, December.
    2. Bart Hobijn & Federico Ravenna & Andrea Tambalotti, 2006. "Menu Costs at Work: Restaurant Prices and the Introduction of the Euro," The Quarterly Journal of Economics, Oxford University Press, pages 1103-1131.
    3. Rob Ranyard, 2007. "Euro Stories: The Irish Experience of Currency Change," Journal of Consumer Policy, Springer, vol. 30(4), pages 313-322, December.
    4. Benassy, Jean-Pascal, 1995. "Money and wage contracts in an optimizing model of the business cycle," Journal of Monetary Economics, Elsevier, vol. 35(2), pages 303-315, April.
    5. Modigliani, Franco, 1986. "Life Cycle, Individual Thrift, and the Wealth of Nations," American Economic Review, American Economic Association, pages 297-313.
    6. Cannon, Edmund & Cipriani, Giam Pietro, 2006. "Euro-Illusion: A Natural Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(5), pages 1391-1403, August.
    7. Eldar Shafir & Peter Diamond & Amos Tversky, 1997. "Money Illusion," The Quarterly Journal of Economics, Oxford University Press, vol. 112(2), pages 341-374.
    8. Dusansky, Richard & Kalman, Peter J, 1974. "The Foundations of Money Illusion in a Neoclassical Micro-Monetary Model," American Economic Review, American Economic Association, vol. 64(1), pages 115-122, March.
    9. Tyszka, Tadeusz & Przybyszewski, Krzysztof, 2006. "Cognitive and emotional factors affecting currency perception," Journal of Economic Psychology, Elsevier, vol. 27(4), pages 518-530, August.
    10. Mussweiler, Thomas & Englich, Birte, 2003. "Adapting to the Euro: Evidence from bias reduction," Journal of Economic Psychology, Elsevier, vol. 24(3), pages 285-292, June.
    11. Ernst Fehr & Jean-Robert Tyran, 2001. "Does Money Illusion Matter?," American Economic Review, American Economic Association, vol. 91(5), pages 1239-1262, December.
    12. Lineta Ramoniene & Dovydas Brazys, 2007. "Euro Introduction Effects on Individuals’ Economic Decisions: Testing the Presence of Difference Assessment Account among Lithuanian and Latvian Consumers," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 6(2), pages 29-55, January.
    13. Brachinger, Hans Wolfgang, 2006. "Euro or “Teuro”?: The Euro-induced Perceived Inflation in Germany," DQE Working Papers 5, Department of Quantitative Economics, University of Freiburg/Fribourg Switzerland.
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    Cited by:

    1. Njindan Iyke, Bernard & Ho, Sin-Yu, 2017. "Exchange Rate Uncertainty and Domestic Investment in Ghana," MPRA Paper 80474, University Library of Munich, Germany.
    2. repec:eco:journ1:2017-03-26 is not listed on IDEAS

    More about this item

    Keywords

    Money illusion; Redenomination; Ghana; Currency;

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