The papers in this issue of Economic Policy were presented to the panel at two meetings: from the April 2011 meeting in Budapest, which was hosted by the Bank of Hungary, and from the October 2011 meeting in Warsaw hosted by the Bank of Poland. The issue contains papers focusing on a variety of economic policy areas ranging from the fiscal adjustment mix for successful debt reduction, via the effects associated with financial shocks and the importance of venture capital for innovation to the relationship between democracy and financial reform. In this editorial introduction we outline how they contribute new insights, perspectives and information to the current policy debate.
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