International Journal of Central Banking (IJCB)

The International Journal of Central Banking (IJCB) is an initiative of the central banking community.

Published quarterly, the journal features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability. The main objectives of the International Journal of Central Banking are:

  • to disseminate widely the best policy-relevant and applied research that reflects the missions of central banks around the world across a range of disciplines; and
  • to promote communication amongst researchers both inside and outside of central banks.

September 2015 issue

Cover and contents


Opening Remarks
  by Graeme Wheeler

Day One Keynote Address: Forward Guidance
  by Lars E.O. Svensson

Trend Inflation in Advanced Economies
  by Christine Garnier, Elmar Mertens, and Edward Nelson
  by James Morley

Inflation Targeting and Economic Reforms in New Zealand
  by Matteo Cacciatore, Fabio Ghironi, and Stephen J. Turnovsky
  by Michael Reddell

Targeting Inflation from Below: How Do Inflation Expectations Behave?
  by Michael Ehrmann
  by Eric T. Swanson

Inflation Targeting: A Victim of Its Own Success
  by Christian Gillitzer and John Simon
  by Alexander L. Wolman

Day Two Keynote Address: Goals and Rules in Central Bank Design
  by Carl E. Walsh

Is Optimal Monetary Policy Always Optimal?
  by Troy Davig and Refet S. Gürkaynak
  by Athanasios Orphanides

Applying an Inflation-Targeting Lens to Macroprudential Policy "Institutions"
  by Güneş Kamber, Özer Karagedikli, and Christie Smith
  by Charles Bean