The Bank of Canada, along with the other sponsoring organizations 1 of the International Journal of Central Banking (IJCB), today announced the publication of the journal's first issue and the launch of a website, hosted by the Bank for International Settlements.

The IJCB, a new quarterly publication, features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability. The IJCB website provides additional information about the journal, as well as free access to journal articles.

A list of articles appearing in the premiere issue is attached. A list of the members of the journal's editorial board and associate editors, who are drawn from both inside and outside of central banking, also is attached.

Subscribers to the printed version of the journal will receive this year's issues at no cost. Beginning in 2006, print subscriptions will be available for an annual fee of US$100. Subscription orders may be placed online at www.ijcb.org, or by phone (202-452-3245), fax (202-728-5886), or email (BDM-IJCB-Editor@frb.gov). Written correspondence should be directed to IJCB – Publications Fulfillment, Mail Stop 127, Board of Governors of the Federal Reserve System, Washington, DC 20551.

Contents of the Premiere Issue of the International Journal of Central Banking

"Monetary Policy with Judgment: Forecast Targeting"
Lars E.O. Svensson

"Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements"
Refet S. Gurkaynak, Brian Sack, and Eric Swanson

"The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area"
Ramon Adalid, Günter Coenen, Peter McAdam, and Stefano Siviero

"Monetary Policy Neglect and the Great Inflation in Canada, Australia, and New Zealand"
Edward Nelson

"Committees Versus Individuals: An Experimental Analysis of Monetary Policy Decision-Making"
Clare Lombardelli, James Proudman, and James Talbot

"Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective"
Ricardo Caballero and Arvind Krishnamurthy

International Journal of Central Banking

Co-editors

Hyun Shin, professor of finance at the London School of Economics

Michael Woodford, the John Bates Clark Professor of Political Economy and co-director of the Program for Economic Research at Columbia University

Frank Smets, European Central Bank economist

Kazuo Ueda, Professor, Faculty of Economics, University of Tokyo

Associate Editors

Viral Acharya
Assistant Professor of Finance
London Business School
Carmen Reinhart
Professor of Economics, Department of Economics
University of Maryland
Franklin Allen
Nippon Life Professor of Finance and Economics
The Wharton School of the University of Pennsylvania
Guy Debelle
Head, International Department
Reserve Bank of Australia
Douglas Diamond
Merton H. Miller Distinguished Service Professor of Finance
University of Chicago Graduate School of Business


Michael Dotsey
Vice President and Senior Economic Policy
Advisor
Philadelphia Federal Reserve
Douglas Gale
Professor of Economics
New York University


Jordi Galí
Professor, Department of Economics
Universitat Pompeu Fabra
Michael Gordy
Senior Economist, Division of Research and Statistics
Federal Reserve Board
Marvin Goodfriend
Senior Vice President and Policy Advisor
Federal Reserve Bank of Richmond
Luigi Guiso
Visiting Professor of Economics
University of Chicago Graduate School of Business
Charles Goodhart
Deputy Director, Financial Markets Group
London School of Economics
Rafael Repullo
Professor of Economics and Director
Centro de Estudios Monetarios y
Financieros (CEMFI)
Andrew Haldane
Head of Division, Market Infrastructure, Market Stability
Bank of England
Eli Remolona
Deputy Chief Representative
Representative Office for Asia & the Pacific
Bank for International Settlements
Takatoshi Ito
Professor, Faculty of Economics (Graduate School)
University of Tokyo
Michael Bordo
Professor of Economics
Rutgers University
Andrew Levin
Senior Economist, Division of Monetary Affairs
Federal Reserve Board
Michael Devereux
Professor, Department of Economics
University of British Columbia
Francesco Lippi
Economist, Research Department
Bank of Italy
Olivier Jeanne
Economist, Research Department
International Monetary Fund
Klaus Schmidt-Hebbel
Manager of Economic Research
Bank of Chile
Andrew Rose
B.T. Rocca Professor, Economic Analysis and Policy
Haas School of Business, University of California, Berkeley
Lars Svensson
Professor of Economics
Princeton University
Philip Lane
Professor of International Macroeconomics and Director of the Institute for International
Integration Studies
Trinity College Dublin
Juergen von Hagen
Professor of Economics and Director, Center for European Integration Studies
University of Bonn