Tuesday - December 9, 2025
Federal Reserve Bank of Cleveland: 'Monopsonistic Wage-setting and Monetary Policy'
November 26, 2025
CLEVELAND, Ohio, Nov. 26 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-24) on November 19, 2025, by Takushi Kurozumi, Yu Sugioka, and Willem Van Zandweghe entitled "Monopsonistic Wage-setting and Monetary Policy."

Here are excerpts:

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Research in labor economics has documented evidence of labor market monopsony. Nevertheless, macroeconomic studies routinely consider households' wage-setting un . . .

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