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.
June 2020 issue
Agglomeration and Industry Spillover Effects in the Aftermath of a Credit Shock
by José Jorge and Joana Rocha
Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model
by Jonas E. Arias, Guido Ascari, Nicola Branzoli, and Efrem Castelnuovo
Real Term Structure and New Keynesian Models
by Burçin Kısacıkoğlu
Online appendix
Credit, Financial Conditions, and Monetary Policy Transmission
by David Aikman, Andreas Lehnert, Nellie Liang, and Michele Modungno
What Can the Data Tell Us about the Equilibrium Real Interest Rate?
by Michael T. Kiley
Reserves for All? Central Bank Digital Currency, Deposits, and Their (Non)-Equivalence
by Dirk Niepelt
The Surprising Recovery of Currency Usage
by Jonathan Ashworth and Charles A.E. Goodhart
From Window Guidance to Interbank Rates: Tracing the Transition of Monetary Policy in Japan and China
by Stefan Angrick and Naoyuki Yoshino
Online appendix