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.

October 2019 issue

Cover and contents

Budget-Neutral Labor Tax Wedge Reductions: A Sumulation-Based Analysis for the Euro Area
   by Maria-Grazia Attinasi, Doris Prammer, Nikolai Stähler, Martino Tasso and Stefan van Parys

Using Payment System Data to Forecast Economic Activity
   by Valentina Aprigliano, Guerino Ardizzi and Libero Monteforte

Monetary Policy during Financial Crises: Is the Transmission Mechanism Impaired?
   by Nils Jannsen, Galina Potjagailo and Maik H. Wolters
   Online appendix

Spillovers from the ECB's Non-standard Monetary Policy Measures on Southeastern Europe
   by Isabella Moder

Effects of Changing Monetary and Regulatory Policy on Money Markets
   by Elizabeth Klee, Zeynep Senyuz and Emre Yoldas

The Determinants of Credit Union Failure: Insights from the United Kingdom
   by Jamie Coen, William B. Francis and May Rostom

Revisions to PCE Inflation Measures: Implications for Monetary Policy
   by Dean Croushore

Cross-Border Macroprudential Policy Spillovers and Bank Risk-Taking
   by Fergal McCann and Conor O'Toole