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Euro-Illusion: A Natural Experiment
- Journal of Money, Credit, and Banking
- The Ohio State University Press
- Volume 38, Number 5, August 2006
- pp. 1391-1403
- 10.1353/mcb.2006.0066
- Article
- Additional Information
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.