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 2025 issue

Cover and contents

Monetary Policy, Firms' Extensive Margin, and Productivity
Benny Hartwig and Philipp Lieberknecht

ECB Communication as a Stabilization and Coordination Device: Evidence from Ex Ante Inflation Uncertainty
Cecilia Melo Fernandes

Estimates of the Natural Rate of Interest Consistent with a Supply-Side Structure and a Monetary Policy Rule for the U.S. Economy
Manuel González-Astudillo and Jean-Philippe Laforte

Inflation Expectations Anchoring: New Insights from Microevidence of a Survey at High Frequency and of Distributions
Nikos Apokoritis, Gabriele Galati, and Richhild Moessner

Do Buffer Requirements for European Systemically Important Banks Make Them Less Systemic?
Carmen Broto, Luis Fernández Lafuerza, and Mariya Melnychuk

Heterogeneous Expectations and the Business Cycle
Tolga Özden

Synchronization vs. Transmission: The Effect of the German Slowdown on the Italian Business Cycle
Alessandro Mistretta

Disagreement and Discretionary Monetary Policy
Marvin Goodfriend, Pierre Jinghong Liang, and Gaoqing Zhang