Abstract: We propose using a simple Taylor rule to evaluate business cycle convergence of
the Czech Republic, Hungary, and Poland with the Eurozone. Our findings indicate
an ongoing convergence of those CEE countries to the Eurozone, but with instabilities
and heterogeneity between the countries. Especially Poland has shown a high degree of
convergence in recent years. But there are still relevant differences in Taylor rates of each
country to the Eurozone of about two percentage points.