Both papers help tell us why oil shocks hurt much less than they used to.

两份论文都帮助我们了解为什么石油震荡的伤害没有以前大。

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The oil shocks of the 1970s contributed to the Socialists' victory at elections in 1981.

20世纪70年代的石油危机促成了社会党在1981年选举中的胜利。

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The past oil shocks were caused by sudden interruptions in exports from the Middle East.

以往的石油动荡是由于来自中东的石油出口突然中断而造成的。

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Oil shocks, almost always a function of devalued dollars, have historically triggered calamitous economic turmoil.

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The other bad news for Arab states is that oil shocks aren't what they used to be.

ECONOMIST: A high oil price will delay reforms

"That's why we've been seeing the most rapid productivity rise since the oil shocks of 1974, " says Hausman.

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