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 2021 issue

Asset Purchase Programs and Financial Markets: Lessons from the Euro Area
Carlo Altavilla, Giacomo Carboni, and Roberto Motto

The Single Resolution Fund and the Credit Default Swap: What Is the Coasian Fair Price of Their Insurance Services?
Anna Naszodi

Monetary Policy Transmission via Loan Contract Terms in the United States
Esteban Argudo
Online appendix

International Trade Finance and the Cost Channel of Monetary Policy in Open Economies
Nikhil Patel

Policy Performance and the Behavior of Inflation Expectations
Eda Gülşen and Hakan Kara

Which Credit Gap Is Better at Predicting Financial Crises? A Comparison of Univariate Filters
Mathias Drehmann and James Yetman
Online appendix

The Impact of Regime Change on the Influence of the Central Bank's Inflation Forecasts: Evidence from Japan's Shift to Inflation Targeting
Masazumi Hattori, Steven Kong, Frank Packer, and Toshitaka Sekine

On the Optimal Labor Income Share
Jakub Growiec, Peter McAdam, and Jakub Mućk