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September 2016 issue
IJCB cover
Central bank links
on the BIS website:
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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

2016 BSP International Research Conference on "Revisiting macro-financial linkages: Looking back and looking ahead", 20-21 September 2016, Manila, Philippines, hosted by Bangko Sentral ng Pilipinas. - Call for Papers.

Editorial board

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

Pierpaolo Benigno
LUISS Guido Carli

Mick Devereux
University of British Columbia

Harrison Hong
Princeton University

Loretta Mester
Federal Reserve Bank of Cleveland

Rafael Repullo
CEMFI, Madrid

Stephanie Schmitt-Grohe
Columbia University

Print ISSN: 1815-4654 Frequency: Four times a year
Current Volume: 12, Number 3

September 2016 issue contents

Cover and contents


Opening Remarks
  by Manuel Ramos-Francia

The Financial and Macroeconomic Effects of the OMT Announcements
  by Carlo Altavilla, Domenico Giannone and Michele Lenza
  by Stefania D’Amico

Beggar-Thy-Neighbor? The International Effects of ECB Unconventional Monetary Policy Measures
  by Kristina Bluwstein and Fabio Canova
  by Klaus Adam

Options-Implied Probability Density Functions for Real Interest Rates
  by Jonathan H. Wright
  by Eric T. Swanson

The Effect of Unconventional Monetary Policy on Inflation Expectations: Evidence from Firms in the United Kingdom
  by Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek
  by Julio A. Carrillo

Long-Run Inflation Uncertainty
  by Stefan Nagel

Policy Spillovers and Synergies in a Monetary Union
  by Oscar Arce, Samuel Hurtado and Carlos Thomas
  by Andrea Ferrero

Financial Intermediation in a Global Environment
  by Victoria Nuguer
  by Robert Kollmann

Rule-of-Thumb Consumers and Labor Tax Cut Policy at the Zero Lower Bound
  by Lorant Kaszab
  by Kolver Hernandez

Dynamic Stochastic General Equilibrium Models and Their Discontents
  by Tamim Bayoumi