Economics, Econometrics and Finance
7 years ago

Ghana Predicted to Face Double Digit Inflation in 2017.

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˜The œJournal of developing areas
Modeling And Forecasting Ghana’s Inflation Rate Under Threshold Models
Emmanuel Kojo Ennin Antwi, Emmanuel Numapau Gyamfi, Kwabena A. Kyei

Paper Summary

The researchers studied Ghana's inflation rate from 1981 to 2016. They found that traditional models didn't work well, but threshold models like SETAR and LSTAR did. However, simple linear models were better for forecasting. Using threshold models can help predict inflation more accurately in Ghana. The forecasts suggest Ghana may have double-digit inflation in 2017, which could impact the economy negatively.

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