Construct · 1 fields · 1 citations

menu costs: a standalone construct

One name. One construct. A landmark on the map.

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menu costs1 CONSTRUCTMenu costsMANKIW · MACROECONOMICS

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Macroeconomics

small costs of changing prices that can cause large business cycles.

In macroeconomics, menu costs refers to small costs of changing prices that can cause large business cycles. This meaning comes from Mankiw (1985) in The Quarterly Journal of Economics.[1]

Unit
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Measured by

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Nearby constructs

Ball-Mankiw hypothesis1 fields · 1 citationsanchor · a standalone constructbusiness1 fields · 1 citationsanchor · a standalone constructCaplin-Spulber model1 fields · 1 citationsanchor · a standalone construct

References

  1. Mankiw, N. G. (1985). Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly. The Quarterly Journal of Economics, 100(2), 529. https://doi.org/10.2307/1885395

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