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.

December 2017 issue

Cover and contents

A Global Trade Model for the Euro Area
  by Antonello D'Agostino, Michele Modugno and Chiara Osbat

Optimal Monetary Policy with Nominal Rigidities and Lumpy Investment
  by Tommy Sveen and Lutz Weinke

Disruptions in Large-Value Payment Systems: An Experimental Approach
  by Klaus Abbink, Ronald Bosman, Ronald Heijmans and Frans van Winden

Cyclicality and Firm Size in Private Firm Defaults
  by Thais Lærkholm Jensen, David Lando and Mamdouh Medhat

Predicting Vulnerabilities in the EU Banking Sector: The Role of Global and Domestic Factors
  by Markus Behn, Carsten Detken, Tuomas Peltonen and Willem Schudel

The Great Globalization and Changing Inflation Dynamics
  by Chengsi Zhang

Quantitative Easing and Tapering Uncertainty: Evidence from Twitter
  by Annette Meinusch and Peter Tillmann

Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence
  by Apostolis Philippopoulos, Petros Varthalitis and Vanghelis Vassilatos
Online appendix