Only in the event of a large supply shock (such as the oil price shocks of the 1970s) might any difference in response across the different frameworks become apparent. (rba.gov.au)
Those of you who can recall our experience with the oil price shock of the 1970s will remember the subsequent effort required to bring inflation under control. (bankofcanada.ca)
These factors could make the economy less dependent on fossil fuels and thus less likely to be hurt by energy price shocks. (rff.org)