Last Update: Jun 22, 2017


  1. The liquidity effect and tightening effect of the zero lower bound
    Kohei Hasui
    Japanese Journal of Monetary and Financial Economics 2 (2) (2014): 1-15 Japan Society of Monetary Economics
  1. Efficient immunization strategies to prevent financial contagion
    Teruyoshi Kobayashi and Kohei Hasui
    Scientific Reports 4 article number 3834 (2014): Nature Publishing Group

Publication (non-refereed)

  1. Financial markets and the channels of monetary policy transmission
    Kohei Hasui and Teruyoshi Kobayashi
    Journal of Economics and Business Administration (Kokumin-Keizai Zasshi) 207 (2) (2013): 65-78 (in Japanese)

Work in Progress

  • Optimal monetary policy, anticipated shocks, and liquidity traps
    - Presented on October 2016 at JSME Autumn Meeting
    - Presented on March 2017 at Development and Policy Seminar
  • Discretionary monetary policy, model misspecification, and nonzero trend inflation
    - Presented on July 2017 at International Finance and Development Economics Workshop (Scheduled)
  • Nominal rigidities and model uncertainty

  • Trend inflation, cost channel and monetary policy


  • 2017:
    International Finance and Development Economics Workshop (July, Scheduled), Development and Policy Seminar (March 10, University of Hyogo),
  • 2016:
    JSME Autumn Meeting (October, Kansai University), Monetary Economics Seminar (October, Matsuyama University), KMSG (March, Kwansei Gakuin University)
  • 2015:
    The 17th Macroeconomics Conference (November, Hitotsubashi Universuty), SWET (August, Hokkaido University), JSME Autumn Meeting (October, Tohoku Universuty), Japan Association for Applied Economics (May, Kyushu Sangyo University)
  • 2014:
    JSME Autumn Meeting (October, Yamaguchi University), DSGE Meeting (October, Kobe University), Modern Monetary Economics Summer Institute (October, MME), JEA Spring Meeting (May, Doshisha University),
  • 2013:
    Japan Society of Monetary Economics Autumn Meeting (September, Nagoya University), Rokko Forum (November, May, Kobe University)

Other Research Activities

  • On March 20 through 24, 2017, we went to New York and Washington, D.C. for the interview supported by KAKENHI Grants Number. JP16K03920 (Principal Investigator: Tatsuro Kakeshita).
    The visiting places:
    - FRB, IMF, World Bank Group (Washington, D.C.)
    - Financial Times, JETRO, MUFG Union Bank N.A. (New York)