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.
July 2026 issue
Carbon Pricing and Inflation Volatility
Daniel Santabarbara and Marta Suarez-Varela
Asymmetric Shocks and Monetary Policy in the Euro Area
Davor Kunovac, Diego Rodriguez Palenzuela and Yiqiao Sun
Inflation Risk and the Labor Market: Beneath the Surface of a Flat Phillips Curve
Sirio Aramonte
Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers
Fumitaka Nakamura, Nao Sudo and Yu Sugisaki
Monetary Policy Below Zero: An Empirical Investigation of the Reversal Rate
Zuzana Fungáčová, Eeva Kerola and Olli-Matti Laine
Modernizing Central Banks' Large Semi-Structural Projection Models: The Role of Model-Consistent Expectations
Stéphane Adjemian, Nikola Bokan, Matthieu Darracq Pariès, Georg Müller and Srečko Zimic
QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk
Supriya Kapoor and Adnan Velic
Financial Stability Implications of CBDC
Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, Arazi Lubis and Alexandros P. Vardoulakis