International records / OpenAlex research

MODELLING AND FORECASTING INFLATION FOR NIGERIA: A STRUCTURAL VECTOR AUTOREGRESSIVE APPROACH

Stable inflation is one of the major macroeconomic objectives of any nation. Thus, the need for policymakers, development analysts, and academic researchers to continue to devise means for forecasting inflation. Several efforts have been made in this direction. This study used structural vector autoregressive approach to model the determinants of inflation in Nigeria from 1995M1 to 2023M6 and forecast its future path for twelve period ahead horizon (i.e., July 2023 to June 2024). The findings show that inflation is persistent in Nigeria, with evidence of a strong pass-through from exchange rat…