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Europe Live Saturday 25th May 2013

The Monetary Transmission Policy Mechanism in Central Europe

7th May 2012

On 2nd May Bruegel published a study focusing on the Monetary Transmission Policy mechanism in three country of Central Europe that do not belong to the euro zone: the Czech Republic, Hungary and Poland. The authors focus on comparing the transmission mechanisms in these countries and in the euro zone. They conclude that the relationship between the development of the monetary policy and growth varied over time in the three countries studied following various structural changes. Moreover in 2011 it was in Poland that the transmission mechanism was the strongest, nearing conditions seen in the euro zone.

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