{"id":8117,"date":"2023-08-10T10:31:24","date_gmt":"2023-08-10T02:31:24","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=8117"},"modified":"2024-02-02T18:13:23","modified_gmt":"2024-02-02T10:13:23","slug":"asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\/","title":{"rendered":"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices"},"content":{"rendered":"<p><em>This paper examines the effects of positive and negative oil price shocks on disaggregated consumer prices. It employs the Structural VAR (SVAR) model on Malaysian data over l991-2020. The findings indicate that positive and negative oil price shocks have different effects on certain sub-groups of the consumer price index, confirming the asymmetric effects of oil prices. Other sub-group indexes, particularly the food index, transport and communication index and recreation, entertainment, education and cultural services index behave symmetrically following positive and negative oil price shocks. The response in food index<\/em><em> is the largest <\/em><em>following a positive <\/em><em>oil price shock, as shown by the forecast error variance decomposition. <\/em><em>Meanwhile, the transport and communication index received substantial impacts from a negative oil price shock. Moreover, positive and negative oil price shocks exert inflationary pressure on Malaysia\u2019s economy.\u00a0\u00a0\u00a0 <\/em><\/p>\n","protected":false},"template":"","tags":[618,1627,1626,1628],"jel-code":[1631,1285,1629,1630,1267,1253],"article-type":[1329],"class_list":["entry","author-asriwn","post-8117","article","type-article","status-publish","tag-asymmetric","tag-oil-shocks","tag-price-level","tag-structural-vector-autoregression","jel-code-a10","jel-code-c32","jel-code-c50","jel-code-d60","jel-code-e31","jel-code-q43","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"This paper examines the effects of positive and negative oil price shocks on disaggregated consumer prices. It employs the Structural VAR (SVAR) model on Malaysian data over l991-2020. The findings indicate that positive and negative oil price shocks have different effects on certain sub-groups of the consumer price index, confirmingContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-02T10:13:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\\\/\",\"name\":\"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2023-08-10T02:31:24+00:00\",\"dateModified\":\"2024-02-02T10:13:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/asymmetric-effects-of-oil-price-shock-on-disaggregated-consumer-prices\/","og_locale":"en_US","og_type":"article","og_title":"Asymmetric Effects of Oil Price Shock on Disaggregated Consumer Prices | Jurnal Ekonomi Malaysia","og_description":"This paper examines the effects of positive and negative oil price shocks on disaggregated consumer prices. 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