Research

Last Update: Jul 03, 2025

Publication (main works)

1. “Optimal monetary policy in a liquidity trap: Evaluations for Japan’s monetary policy”

   K. Hasui and Yuki Teranishi

   Journal of the Japanese and International Economies 76, 101361, 2025.
2. “Optimal irreversible monetary policy”

   K. Hasui, Teruyoshi Kobayashi, and Tomohiro Sugo

   European Economic Review 134, 103707, 2021.
3. “A note on robust monetary policy and non-zero trend inflation”

   K. Hasui

   Macroeconomic Dynamics 24(6), 1574-1594, 2020.
4. “Role of expectations in a liquidity trap”

   K. Hasui, Yoshiyuki Nakazono, and Yuki Teranishi

   Journal of the Japanese and International Economies 52, 201-215, 2019.
5. “Efficient immunization strategies to prevent financial contagion”

   Teruyoshi Kobayashi and K. Hasui

   Scientific Reports 4, 3834, 2014.

For the complete list of publications, please visit Researchmap or Full CV .

Working Papers

• “Heterogeneous Inflation Volatility in Production Networks: Producer vs. Consumer Prices”

  K. Hasui and Teruyoshi Kobayashi.

  Available at SSRN: 4968158, Jun, 2025.
• “Habit Persistence and the Uncertainty Effect in a Liquidity Trap”

  K. Hasui and Satoshi Hoshino.

  Available at SSRN: 4029534, Jun, 2025.
• “Liquidity Trap and Optimal Monetary Policy: Evaluations for U.S. Monetary Policy”

  K. Hasui, Tomohiro Sugo, and Yuki Teranishi

  Working Papers on Central Bank Communication 051, Jul 2024.

Awards

• Research Paper Award (Sep, 2021)

  Monetary Economics Seminar of Kobe University.

  (神戸大学金融研究会)

Grants

Principal Investigator:

• JSPS KAKENHI 22K01585 Grant-in-Aid for Scientific Research (C).

  FY2022-2025 (Co-Investigator: Satoshi Hoshino).
• The Nitto Foundation. The 38th Research Grant: Number 46.

  FY2021-2022
• JSPS KAKENHI 17K13768 Grant-in-Aid for Young Scientists (B).

  FY2017-2020

Co-Investigator:

• JSPS KAKENHI 25K00621 Grant-in-Aid for Scientific Research (B).

  FY2025-2027 (Principal Investigator: Teruyoshi Kobayashi).
• Center Project Matsuyama University

  FY2017-2019 (Principal Investigator: Tatsuro Kakeshita).
• JSPS KAKENHI 16K03920 Grant-in-Aid for Scientific Research (C).

  FY2016-2019 (Principal Investigator: Tatsuro Kakeshita).