Research

Last Update: Mar 14, 2025

Publication (main works)

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

   Kohei Hasui and Yuki Teranishi

   Journal of the Japanese and International Economies 76 101361, 2025. Free access link (until April 30, 2025)
2. “Optimal irreversible monetary policy”

   Kohei Hasui, Teruyoshi Kobayashi, and Tomohiro Sugo

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

   Kohei Hasui

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

   Kohei 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 Kohei Hasui

   Scientific Reports 4, 3834, 2014.

For the complete list of publications, please visit Researchmap.

Working Papers

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

  K. Hasui and Teruyoshi Kobayashi.

  SSRN Paper 4968158, Sep, 2024.
• “Habit Persistence and Zero Lower Bound Risk under Discretionary Monetary Policy”

  K. Hasui and Satoshi Hoshino.

  SSRN Paper 4029534, Feb, 2022.

Work in progress

• “Liquidity Trap and Optimal Monetary Policy Revisited” (work in progress, Sep 2023)

  K. Hasui, Tomohiro Sugo, and Yuki Teranishi

  UTokyo Price Project Working Paper Series University of Tokyo No.79, 2016.

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, JPY2,990,000 (Co-Investigator: Satoshi Hoshino).
• The Nitto Foundation. The 38th Research Grant: Number 46.

  FY2022, JPY 700,000.
• JSPS KAKENHI 17K13768 Grant-in-Aid for Young Scientists (B).

  FY2017-2020, JPY3,510,000.

Co-Investigator:

• Center Project Matsuyama University

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

  FY2016-2019 (Principal Investigator: Tatsuro Kakeshita).