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Euro-Illusion: A Natural Experiment

Author

Listed:
  • Cannon, Edmund
  • Cipriani, Giam Pietro

Abstract

We collect and analyse data on church collections to assess whether the introduction of Euro notes and coins had real effects on giving. Data for Italy suggests that money is not completely neutral while Irish data suggests a lower degree of money illusion. A smaller data set from continental Europe suggests different sorts of money illusion.

Suggested Citation

  • 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.
    • Handle: RePEc:mcb:jmoncb:v:38:y:2006:i:5:p:1391-1403
    DOI: 10.1353/mcb.2006.0066
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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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