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Replication data for: Does Money Illusion Matter? Reply

Version
V0
Resource Type
Dataset
Creator
  • Fehr, Ernst
  • Tyran, Jean-Robert
Publication Date
2014-03-01
Description
  • Abstract

    The 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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.3.1063 (Text)
Publications
  • 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

Fehr, Ernst; Tyran, Jean-Robert (2014): Replication data for: Does Money Illusion Matter? Reply. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112742