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.

The latest issue of the International Journal of Central Banking, June 2008, features the following highlights:

Inflation Forecasts and the New Keynesian Phillips Curve

  by Sophocles N. Brissimis and Nicholas S. Magginas

Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-Country Heterogeneity

  by Eric Jondeau and Jean-Guillaume Sahuc

Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate

  by Anton Nakov

Specification and Calibration Errors in Measures of Portfolio Credit Risk: The Case of the ASRF Model

  by Nikola Tarashev and Haibin Zhu

The Impact of Central Bank Announcements on Asset Prices in Real Time

  by Carlo Rosa and Giovanni Verga

The Danger of Inflating Expectations of Macroeconomic Stability: Heuristic Switching in an Overlapping-Generations Monetary Model

  by Alex Brazier, Richard Harrison, Mervyn King and Tony Yates