And RBC holds that technology shocks are a major source of business fluctuations.

实际经济周期理论强调技术冲击是经济波劝的主要来源。

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Moreover, we remain vulnerable to external price shocks and receive very little transfer of technology, or growth in related industries.

而且，我们对外部价格波动一直非常脆弱，引进的新技术或者相关工业的增长寥寥无几。

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One reason is that OECD economies are less energy-intensive than three decades ago when the first oil shocks occurred, thanks to the shift out of manufacturing into services and information technology.

ECONOMIST: Painful for some, but hardly a crisis

Lawrence Summers, America's treasury secretary, attracted attention recently when he likened the new-technology boom to a positive supply-side shock, the converse of the oil-price shocks of the 1970s.

ECONOMIST: Oil and the new economy

The Fed chairman is convinced that freer global trade, national economic deregulation and gains in information technology have all already contributed to the economy's ability to withstand and recover from shocks.

ECONOMIST: More discipline needed | The