Money illusion and strategic complementarity as causes of monetary non-neutrality (Q1294958)

This book uses the methods of experimental economics to investigate whether money illusion and strategic complementarity are causes of monetary non-neutrality. Experimental results show that non-neutrality after a shock is the rule rather than the exception, even if the stock was anticipated, and although the experimental design does not include nominal frictions (as in New Keynesian modulo). The theory used and the experiments performed are carefully described.