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Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion
- Journal of Money, Credit, and Banking
- The Ohio State University Press
- Volume 36, Number 6, December 2004
- pp. 1121-1124
- 10.1353/mcb.2005.0011
- Article
- Additional Information
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.