Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based on declared donations from German administrative income tax data. Our results suggest a magnitude of the money illusion effect between 2.4% and 7.6%. Compared to previous studies...

This study uses the Progress in International Reading Literacy Study (PIRLS) data, the only cross-national data having measured educational achievement during the COVID-19 pandemic, to investigate educational achievement decline of fourth graders across 21 European countries between 2016 and...