Abstract
This paper investigates relational interdependencies among non-stationary variables such as interest rates, inflation and GDP growth rate to that with business cycle. To show co-relational interdependencies among variables, we procreate a functional prototype based on interest rate dynamics using Bezier interpolation model that ember changes impacting on business and economic cycles. We also study the dynamic changeable characteristics and the cyclical behavior of the Federal Funds Rate in the long run, and using measured approach, we try to determine its path prognostic features, the likely impact of structural shocks on their counterparts, and on the business cycle as a whole. We find that our modeled approach being effectual.
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