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December 2017 issue
IJCB cover
Central bank links
on the BIS website:
Research Hub
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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 ... See full Statement of Purpose

Editorial board

Managing Editor
Loretta J. Mester
Federal Reserve Bank of Cleveland

Tobias Adrian
International Monetary Fund

Boragan Aruoba
University of Maryland

Pierpaolo Benigno
LUISS Guido Carli

Harrison Hong
Columbia University

Luc Laeven
European Central Bank

Rafael Repullo

Lucrezia Reichlin
London Business School

Barbara Rossi
CREI, Universitat Pompeu Fabra

Print ISSN: 1815-4654 Frequency: Four times a year
Current Volume: 13, Volume 4

December 2017 issue contents

Cover and contents

A Global Trade Model for the Euro Area
  by Antonello D’Agostino, Michele Modugno and Chiara Osbat

Optimal Monetary Policy with Nominal Rigidities and Lumpy Investment
  by Tommy Sveen and Lutz Weinke

Disruptions in Large-Value Payment Systems: An Experimental Approach
  by Klaus Abbink, Ronald Bosman, Ronald Heijmans and Frans van Winden

Cyclicality and Firm Size in Private Firm Defaults
  by Thais Lærkholm Jensen, David Lando and Mamdouh Medhat

Predicting Vulnerabilities in the EU Banking Sector: The Role of Global and Domestic Factors
  by Markus Behn, Carsten Detken, Tuomas Peltonen and Willem Schudel

The Great Globalization and Changing Inflation Dynamics
  by Chengsi Zhang

Quantitative Easing and Tapering Uncertainty: Evidence from Twitter
  by Annette Meinusch and Peter Tillmann

Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence
  by Apostolis Philippopoulos, Petros Varthalitis and Vanghelis Vassilatos
Online appendix