This article reviews the role of the state in the development of the transition economies in Central and Eastern Europe. Among those countries Poland is today perceived as the leader as it was the only EU economy that survived the crisis without recession. In this study we show that the role of...

As more central banks across Central and Eastern Europe (CEE) move towards inflation control - either in the form of direct inflation targeting or indirectly through informal targets - good knowledge of transmission mechanism in the economy becomes crucial for implementing good policies. So far...