Impact of Research on Monetary Policy in Transitional Countries

Prominent policymakers and researchers from national banks and research institutes of Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia took part in this workshop, which was part of the World Bank Global Development Network project "Impact of Research on the Monetary Policy Sector in Transitional Countries."

The aim of the project was to analyze the impact of research on the monetary policy sector in transitional countries and provide practical recommendations for policy researchers by investigating the key factors that contributed to stronger research-policy links. The project aimed to answer whether and how research-based policy recommendations can influence monetary policymaking and thus contribute to the important goal of controlling and stimulating economic growth in transitional countries and to investigate why there was a different degree of reliance on research-based evidence across transitional countries especially in respect to varying types and origins of research reports.

The workshop participants presented the monetary policy in the last ten years of their respective countries and the impact of research on monetary policy.