This paper analyses the evolution of inflation targeting policies in Central European countries. The origins of their inflation targeting strategies are examined, above all the commitment to price stability as well as the inability of prior policy regimes to engender financial stability. Recent...

This paper aims to analyse the liquidity sensible environment that has defined the range of monetary policy decisions in the selected Central-East European member states over the last decade, using bond and currency markets as indicators and stock markets as control variables. First, it is...

This paper discusses perceived benefits and disadvantages of direct inflation targeting for economies in transition in Central Europe. It examines the experience of net inflation targeting in the Czech Republic and of CPI forecast targeting regimes in Poland, providing specific suggestions for...