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.

January 2026 issue

Cover and contents

Does the Sequence Matter: Interest Rates, Quarantine Easing or Forward Guidance?
Tudor Schlanger, Lena Suchanek, Jonathan Swarbrick, Joel Wagner and Yang Zhang

Consumer Payment Behavior by Income and Demographics
Claire Greene, Julian Perry and Joanna Stavins

Population Aging, Transition to Service Economy, and Effects of Monetary Policy
Jaeho Lee

Understanding Inflation Expectations in the Czech Economy: Data, Drivers, and Policy Implications
František Brázdik, Tatiana Keseliová, Karel Musil, Radek Šnobl, Jan Šolc, Stanislav Tvrz and Jan Žáček

Bank Capital Regulation in the Euro Area and the Sovereign-Bank Nexus
Nikolay Hristov, Oliver Hülsewig and Benedikt Kolb

Estimating the Impact of Quality Adjustment on Consumer Price Inflation
Jan-Oliver Menz, Elisabeth Wieland and Günter W. Beck

The Market Impact of Fed Communications: The Role of the Press Conference
Namrata Narain and Kunal Sangani

One Hundred Inflation Shocks: Seven Stylized Facts
Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski and Wei Zhao