Federal Reserve Bank of Cleveland: 'Fixing the Phillips Curve: Implications of Firms' Monopsonistic Wage-setting for Inflation Dynamics'
May 22, 2026
May 22, 2026
CLEVELAND, Ohio, May 22 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-10) on May 21, 2026, by Takushi Kurozumi and Willem Van Zandweghe entitled "Fixing the Phillips Curve: Implications of Firms' Monopsonistic Wage-setting for Inflation Dynamics."
Here are excerpts:
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Motivated by evidence documented in labor economics, we introduce firms' monopsonistic wage-setting in an otherwise standa . . .
Here are excerpts:
* * *
Motivated by evidence documented in labor economics, we introduce firms' monopsonistic wage-setting in an otherwise standa . . .
