Monopsony Power and the Transmission of Monetary Policy
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This paper studies how labor market power affects the transmission of monetary policy. Using administrative U.S. Census data, we show that firms with high monopsony powerdefined as those accounting for over 10 percent of the local wage billrespond less to monetary policy in terms of their wage bill
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美国国家经济研究局创建时间：
2026-06-01
