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June 2013 issue
 
IJCB cover
 
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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
 
 
Newsflash (last update 20 May 2013)

"Inflation Targeting and Its Discontents", Annual IJCB Research Conference hosted by the National Bank of Poland, 6-7 September 2013.
Call for papers

16th Annual Research Conference on "The Impact of Credit on the Dynamics of SMEs", hosted by the De Nederlandsche Bank, 17-18 October 2013.
Call for papers

2013 Central Bank Macroeconomic Modeling Workshop on "Understanding the Mechanisms and Effects of New Policy Instruments", hosted by Central Bank of the Republic of Turkey, The Marmara Hotel Istanbul, Turkey, 7-8 November 2013.
Call for papers

 
 
Editorial board

Managing Editor
John C. Williams
Federal Reserve Bank of San Francisco

Co-editors
Pierpaolo Benigno
LUISS Guido Carli

Mick Devereux
University of British Columbia

Harrison Hong
Princeton University

Loretta Mester
Federal Reserve Bank of Philadelphia

Rafael Repullo
CEMFI, Madrid

Stephanie Schmitt-Grohe
Columbia University


Print ISSN: 1815-4654 Frequency: Four times a year
Current Volume: 9, Number 2

June 2013 issue contents

Cover and contents

Introduction

Opening Remarks
  by Rodrigo Vergara

Global Imbalances and Taxing Capital Flows
  by C. A. E. Goodhart, M. U. Peiris, and D. P. Tsomocos
Discussion
  by Francis E. Warnock

Like a Good Neighbor: Monetary Policy, Financial Stability, and the Distribution of Risk
  by Evan F. Koenig
Discussion
  by Klaus Schmidt-Hebbel

Imbalances and Policies
  by Vincenzo Quadrini

Capital Injection, Monetary Policy, and Financial Accelerators
  by Naohisa Hirakata, Nao Sudo, and Kozo Ueda
Discussion
  by Karl Walentin

Financial Frictions
  by Robert E. Hall

Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound
  by Christiane Baumeister and Luca Benati
Discussion
  by Márcio G. P. Garcia

House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
  by Paolo Gelain, Kevin J. Lansing, and Caterina Mendicino
Discussion
  by Bruce Preston

The Importance of Non-Linearities and Expectations in the Recent Crisis
  by John Leahy