Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion

Peter Kooreman, Riemer P Faber and Heleen M J Hofmans

Journal of Money, Credit and Banking, 2004, vol. 36, issue 6, 1121-24

Abstract: 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: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:36:y:2004:i:6:p:1121-24

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