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 2018 issue

Cover and contents

Taylor-Rule Exit Policies for the Zero Lower Bound
   by Siddhartha Chattopadhyay and Betty C. Daniel

Decaying Expectations: What Inflation Forecasts Tell Us about the Anchoring of Inflation Expectations
   by Aaron Mehrotra and James Yetman

Unconventional Monetary Policy and the Dollar: Conventional Signs, Unconventional Magnitudes
   by Reuven Glick and Sylvain Leduc

Leverage and Risk-Weighted Capital Requirements
   by Leonardo Gambacorta and Sudipto Karmakar

The Effect of ECB Forward Guidance on the Term Structure of Interest Rates
   by Paul Hubert and Fabien Labondance

Information Design, Signaling, and Central Bank Transparency
   by Wataru Tamura

The Cost of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases
   by John Kandrac
  Online appendix

A Shadow Policy Rate to Calibrate U.S. Monetary Policy at the Zero Lower Bound
   by Marco J. Lombardi and Feng Zhu