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.

March 2015 issue

Cover and contents

Inflation Expectations and the News
  by Michael D. Bauer

Explaining Interest Rate Decisions when the MPC Members Believe in Different Stories
  by Carl Andreas Claussen and Øistein Røisland

Do Publicly Owned Banks Lend Against the Wind?
  by Thibaut Duprey

Real-Time Model Uncertainty in the United States: "Robust" Policies Put to the Test
  by Robert J. Tetlow

On the Slope and the Persistence of the Italian Phillips Curve
  by Marianna Riggi and Sergio Santoro

Central Banks' Quasi-Fiscal Policies and Inflation
  by Seok Gil Park

The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections
  by Seth Carpenter, Jane Ihrig, Elizabeth Klee, Daniel Quinn and Alexander Boote

Sovereign Risk, European Crisis-Resolution Policies, and Bond Spreads
  by Juha Kilponen, Helinä Laakkonen and Jouko Vilmunen