Price of oil and world inflation and recession
检验了1973-74年石油价格上涨直接导致美国和世界通胀及随后衰退的假设，发现与实证数据一致，但多国回归结果因价格管制等因素而混杂。
New evidence shows that the commonly-held assumption that the 1973-74 oil price increase directly affected US and world inflation and subsequent recession is consistent with the empirical data. An extended Lucas-Varro real-income equation applied to the US, United Kingdom, Canada, France, Germany, Italy, Japan, and the Netherlands gives mixed results, partly because of price control and decontrol programs. Simulation experiments on the price-control variable using US data finds strong effects. Further studies can be made when consistent international data is available for the 1979-80 period. 18 references, 4 figures, 3 tables. (DCK)