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.

January 2015 issue

Cover and contents

Imbalances and Rebalancing in an Estimated Structural Model for Spain
  by Jan in 't Veld, Andrea Pagano, Rafal Raciborski, Marco Ratto and Werner Roeger

The Comeback of Inflation as an Optimal Public Finance Tool
  by Giovanni Di Bartolomeo, Patrizio Tirelli and Nicola Acocella

Risk Shifting with Fuzzy Capital Constraints
  by Simon Dubecq, Benoit Mojon and Xavier Ragot

Ordering Policy Rules with an Unconditional Welfare Measure
  by Tatiana Damjanovic, Vladislav Damjanovic and Charles Nolan

Responses to the Financial Crisis, Treasury Debt and the Impact on Short-Term Money Markets
  by Warren B. Hrung and Jason S. Seligman

Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity
  by Mark Carlson

How Monetary Policy Is Made: Two Canadian Tales
  by Pierre L. Siklos and Matthias Neuenkirch

Large Excess Reserves in the United States: A View from the Cross-Section of Banks
  by Huberto M. Ennis and Alexander L. Wolman