IZA DP No. 1318: Charity Donations and the Euro Introduction: Some Quasi-Experimental Evidence on Money Illusion
published in: Journal of Money, Credit, and Banking, 2004, 36 (6), 1121-1124
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.