Monopsony with nominal rigidities: An inverted Phillips Curve
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DOI: 10.1016/j.econlet.2020.109124
Abstract: With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the… read more here.
Keywords: phillips curve; nominal rigidities; monopsony nominal; inverted phillips ... See more keywords