{"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"],"_links":{"self":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":1,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8117\/revisions"}],"predecessor-version":[{"id":8124,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8117\/revisions\/8124"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/media?parent=8117"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/tags?post=8117"},{"taxonomy":"jel-code","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/jel-code?post=8117"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article-type?post=8117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}