Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion
We compare the revenues of a house-to-house collection for a charity before and after the introduction of the euro in a ceteris paribus setting. We find strong evidence of money illusion, supplementing earlier econometric, experimental, and survey evidence on its existence.
|Date of creation:||Sep 2004|
|Date of revision:|
|Publication status:||published in: Journal of Money, Credit, and Banking, 2004, 36 (6), 1121-1124|
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- Ernst Fehr & Jean-Robert Tyran, .
"Does Money Illusion Matter?,"
IEW - Working Papers
012, Institute for Empirical Research in Economics - University of Zurich.
- Shafir, Eldar & Diamond, Peter & Tversky, Amos, 1997. "Money Illusion," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 341-74, May.
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