Copyright (c) 2008 All rights reserved. http://works.bepress.com/yilmazkuday Recent documents in HAKAN YILMAZKUDAY en-us Mon, 22 Sep 2008 04:52:01 PDT 3600 http://works.bepress.com/yilmazkuday/22 http://works.bepress.com/yilmazkuday/22 Sat, 20 Sep 2008 15:20:37 PDT This paper investigates the relation between the important announced turning points in the monetary policies and the estimated structural break dates in the Taylor rules of three transition countries, namely the Czech Republic, Hungary and Poland. Although the important announced turning points starting from late 1990s, especially the introduction of inflation targeting regime, can be observed in the estimated Taylor rules of the Czech Republic and Poland with some implied lags due to the monetary tranmission mechanism, the same conclusion cannot be reached for Hungary. Several robustness analyses are in support of these results. HAKAN YILMAZKUDAY E31