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Money Illusion And Aggregation Bias

Author

Listed:
  • van Daal, J.

Abstract

This note shows that what often has been called money illusion in macro consumption functions can well be due to aggregation bias.

Suggested Citation

  • van Daal, J., 1978. "Money Illusion And Aggregation Bias," Econometric Institute Archives 272163, Erasmus University Rotterdam.
    • Handle: RePEc:ags:eureia:272163
    DOI: 10.22004/ag.econ.272163
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    References listed on IDEAS

    as
    1. Fair, Ray C, 1971. "Labor Force Participation, Wage Rates, and Money Illusion," The Review of Economics and Statistics, MIT Press, vol. 53(2), pages 164-168, May.
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