Replication data for: Does Money Illusion Matter? Reply
- Fehr, Ernst
- Tyran, Jean-Robert
AbstractThe data in Fehr and Tyran (FT, 2001) and Luba Petersen and Abel Winn (PW,2013) show that money illusion plays an important role in nominal price adjustment after a fully anticipated negative monetary shock. Money Illusion affects subjects' expectations, and causes pronounced nominal inertia after a negative shock but much less inertia after a positive shock. Thus PW provide a misleading interpretation both of our and their own data.
Is supplement to
DOI: 10.1257/aer.104.3.1063 (Text)
Fehr, Ernst, and Jean-Robert Tyran. “Does Money Illusion Matter?: Reply.” American Economic Review 104, no. 3 (March 2014): 1063–71. https://doi.org/10.1257/aer.104.3.1063.
- ID: 10.1257/aer.104.3.1063 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12