The high growth rate low inflation phenomenon during 1998 ~ 2003 can be captured to a great extent by a positive resource price shock.

1998年以后出现的所谓“缩长”现象，很大程度上可以通过资源供给冲击加以解释。

youdao

While this removes the immediate risk of an oil price shock, the wild gyrations in the oil price this week suggest that commodity price volatility is here to stay.

这消除了即刻发生油价冲击波的即时风险，但油价本周的狂野波动暗示，商品价格将继续震荡。

youdao

'the majority of the impact of an oil price shock on the real economy is attributable to the central bank's response to the inflationary pressures engendered by the shock,' he wrote.

他在报告中指出，油价飙升对真实经济的冲击主要应归咎于央行对油价飙升引发的通货膨胀压力所做出的反应。

youdao

It is concerned about the impact of the oil-price shock on the supply side of the economy.

ECONOMIST: The Bank is in no hurry to raise the price of money

And while current oil prices are three times greater than in the 1970s oil price shock, even 2008 expenditures lagged those percentages.

FORBES: Don't Expect Consumer Resilience To Rising Gas Prices To Last

Concerns over the surging cost of Brent crude are growing as analysts warn that Europe could be at the center of an oil-price shock.

WSJ: What's News