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.

June 2017 issue

Cover and contents

Inferring Inflation Expectations from Fixed-Event Forecasts
  by Diego Windelried

Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination
  by Douglas Davis and Edward Simpson Prescott
Online Appendix

To Respond or Not to Respond: Measures of the Output Gap in Theory and in Practice
  by Guy Segal

When the Walk is Not Random: Commodity Prices and Exchange Rates
  by Emanuel Kohlscheen, Fernando Avalos, and Andreas Schrimpf

The Effects of Monetary Policy Announcements at the Zero Lower Bound
  by Natsuki Arai

Assessing the Sources of Credit Supply Tightening: Was the Sovereign Debt Crisis Different from Lehman?
  by Paolo Del Giovane, Andrea Nobili, and Federico M. Signoretti

Joint Validation of Credit Rating PDs under Default Correlation
  by Ricardo Schechtman

Currency Wars, Coordination, and Capital Controls
  by Olivier Blanchard