Relationship between the basic interest rate and the economic growth of the OECD
Abstract
This study aims to examine the relationship between economic growth, measured by GDP, and the key interest rate of OECD countries 15 for the period 2001-2017. Proving such a relationship would be useful in making decisions affecting the variables in question, as well as in predicting them. Detecting (or not) the relationship between the studied variables would be important in the analysis of a number of economies that, far more than ten years after the financial crisis, remain far from their pre-crisis potential.
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