Construct · 1 fields · 1 citations

Caplin-Spulber model: a standalone construct

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Monetary economics

model of (S,s) state-dependent pricing in which money is neutral in the aggregate despite menu costs at the firm level.

In monetary economics, Caplin-Spulber model refers to model of (S,s) state-dependent pricing in which money is neutral in the aggregate despite menu costs at the firm level. This meaning comes from Caplin (1987) in Menu Costs and the Neutrality of Money.[1]

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aggregate3 fields · 6 citationsjingle · one word, three constructs business1 fields · 1 citationsanchor · a standalone construct level1 fields · 1 citationsanchor · a standalone construct

References

Caplin, A., & Spulber, D. (1987). Menu Costs and the Neutrality of Money. National Bureau of Economic Research. https://doi.org/10.3386/w2311

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