Notes - The Real Price of Imported Oil Revisited
分析了1979-1980年第二次石油涨价后，通胀和汇率调整对进口石油价格的影响，发现实际价格持续上涨至1982年中，并指出美国利率下降可能加剧而非抵消名义油价下跌。
The period following the second oil price rise in 1979-1980 shows that inflation and exchange rate adjustments affected imported oil prices differently than after the 1973-1974 price rise. Instead of a decline due to high inflation rates and, in some cases, a weak dollar in terms of local currency, real prices continued to rise through mid-1982. A decline in US interest rates could lead to a drop in the value of the dollar, which could exaggerate instead of offset any further decline in nominal world oil prices. 1 reference, 2 tables.