Gasimov, Aliagha; Najafov, Salman; Shabanov, Sardar - 2023
Despite the key role an increase in production efficiency plays in improving the competitiveness of the economy, the … efficiency of production is not reflected in the objectives of monetary policy. The paper investigates the impact of the interest … rate on firms’ efficiency and argues that it is not the interest rate itself that matters, but the gap between the interest …
