Procyclical Real Wages Under Nominal - Wage Contracts With Productivity Variations
修改了现有的粘性工资模型，通过在名义工资合同中引入生产率因素，解释了实际工资的顺周期波动现象。
A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a model that introduces productivity factors into nominal-wage contracts.