Taisuke Nakata

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

29

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3,152

TOTAL CITATIONS
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Top 4,533

in Total Papers Citations

225

Scholarly Papers (29)

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1.

Financial Stability and Optimal Interest-Rate Policy

FEDS Working Paper No. 2016-67
Number of pages: 72 Posted: 19 Aug 2016 Last Revised: 21 Sep 2016
Andrea Ajello, Thomas Laubach, David Lopez-Salido and Taisuke Nakata
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System (deceased), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 518 (116,101)
Citation 21

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2.

Average Inflation Targeting and the Interest Rate Lower Bound

Downloads 373 (170,487)
Citation 3

Average Inflation Targeting and the Interest Rate Lower Bound

BIS Working Paper No. 852
Number of pages: 29 Posted: 15 Apr 2020
Flora Budianto, Taisuke Nakata and Sebastian Schmidt
Bank for International Settlements (BIS), Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 251 (257,689)

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monetary policy objectives, makeup strategies, liquidity trap, deflationary bias, expectations

Average Inflation Targeting and the Interest Rate Lower Bound

ECB Working Paper No. 2394
Number of pages: 31 Posted: 20 Apr 2020
Taisuke Nakata, Sebastian Schmidt and Flora Budianto
Board of Governors of the Federal Reserve System, European Central Bank (ECB) and Bank for International Settlements (BIS)
Downloads 119 (502,164)

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deflationary bias, expectations, liquidity trap, makeup strategies, monetary policy objectives

Average Inflation Targeting and the Interest Rate Lower Bound

CEPR Discussion Paper No. DP14400
Number of pages: 24 Posted: 03 Mar 2020
Flora Budianto, Taisuke Nakata and Sebastian Schmidt
Bank for International Settlements (BIS), Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 3 (1,362,033)
Citation 3
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Average Inflation Targeting, Deflationary Bias, liquidity trap, Makeup Strategies, Monetary Policy Objectives

3.

The Potential Role of Subordinated Debt Programs in Enhancing Market Discipline in Banking

FRB of Kansas City Economic Research Paper No. 07-07
Number of pages: 44 Posted: 14 Sep 2007 Last Revised: 12 Mar 2013
Douglas D. Evanoff, Julapa Jagtiani and Taisuke Nakata
Federal Reserve Bank of Chicago, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 250 (260,331)
Citation 7

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Financial regulation, market discipline, subordinated debt, bank capital

4.

The Risky Steady State and the Interest Rate Lower Bound

Downloads 196 (328,588)
Citation 3

The Risky Steady State and the Interest Rate Lower Bound

ECB Working Paper No. 1913
Number of pages: 55 Posted: 19 Jun 2016
Timothy Hills, Taisuke Nakata and Sebastian Schmidt
New York University (NYU), Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 130 (467,888)

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deflationary bias, disinflation, inflation targeting, risky steady state, tail risk

The Risky Steady State and the Interest Rate Lower Bound

FEDS Working Paper No. 2016-9
Number of pages: 52 Posted: 15 Feb 2016
Timothy Hills, Taisuke Nakata and Sebastian Schmidt
New York University (NYU), Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 66 (737,535)
Citation 3

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5.

Monetary Policy Options at the Effective Lower Bound: Assessing the Federal Reserve'S Current Policy Toolkit

FEDS Working Paper No. 2019-3
Number of pages: 63 Posted: 07 Feb 2019 Last Revised: 21 Feb 2019
Hess T. Chung, Etienne Gagnon, Taisuke Nakata, Matthias O. Paustian, Bernd Schlusche, James Trevino, Diego Vilan and Wei Zheng
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 179 (357,085)
Citation 12

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6.

Equilibrium Yield Curves and the Interest Rate Lower Bound

Downloads 139 (357,085)
Citation 3

Equilibrium Yield Curves and the Interest Rate Lower Bound

FEDS Working Paper No. 2016-85
Number of pages: 65 Posted: 08 Nov 2016 Last Revised: 09 Nov 2016
Taisuke Nakata and Hiroatsu Tanaka
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 139 (442,764)
Citation 3

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Effective Lower Bound, Forward Guidance, New Keynesian Model, recursive preferences, Term Premiums, Term Structure of Interest Rates, yield curves

7.

Conservatism and Liquidity Traps

Downloads 173 (367,913)
Citation 36

Conservatism and Liquidity Traps

FEDS Working Paper No. 2014-105
Posted: 14 Jul 2021
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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Conservatism and Liquidity Traps

ECB Working Paper No. 1816
Number of pages: 49 Posted: 23 Jun 2015
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 68 (725,393)
Citation 16

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Deflationary Bias; Inflation Conservatism; Inflation Targeting; Liquidity Traps; Zero Lower Bound

Conservatism and Liquidity Traps

FEDS Working Paper No. 2014-105
Number of pages: 46 Posted: 09 Jan 2015
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 58 (789,208)
Citation 6

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Discretion, inflation conservatism, inflation targeting, liquidity traps, zero lower bound

Conservatism and Liquidity Traps

Tokyo Center for Economic Research (TCER) Paper No. E-101
Number of pages: 48 Posted: 27 Nov 2015
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 47 (874,661)
Citation 14

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8.

Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy

Downloads 149 (417,930)
Citation 1

Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy

Number of pages: 54 Posted: 01 Aug 2019
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 126 (479,800)
Citation 1

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discretion, effective lower bound, fiscal policy, monetary policy, policy delegation, sunspot equilibria

Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy

FEDS Working Paper No. 2019-53
Number of pages: 50 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 23 (1,133,197)

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9.

Uncertainty at the Zero Lower Bound

Downloads 106 (544,676)
Citation 36

Uncertainty at the Zero Lower Bound

FEDS Working Paper No. 2013-9
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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Uncertainty at the Zero Lower Bound

FEDS Working Paper No. 2013-09
Number of pages: 38 Posted: 04 Apr 2013
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 106 (548,944)
Citation 36

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Occasionally binding constraints, liquidity trap, zero lower bound, uncertainty

10.

Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints

Downloads 102 (560,302)
Citation 30

Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints

FEDS Working Paper No. 2013-40
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints

FEDS Working Paper No. 2013-40
Number of pages: 31 Posted: 31 Jul 2013
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 102 (565,152)
Citation 30

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Fiscal policy, government spending, occasionally binding constraints, liquidity trap, zero lower bound, Markov-perfect equilibria, commitment

11.

Reputation and Liquidity Traps

Downloads 98 (575,788)
Citation 3

Reputation and Liquidity Traps

FEDS Working Paper No. 2014-50
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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Reputation and Liquidity Traps

FEDS Working Paper No. 2014-50
Number of pages: 63 Posted: 30 Jul 2014
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 50 (849,526)
Citation 1

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credible policy, forward guidance, reputation, sustainable plan, time consistency, trigger strategy, zero lower bound

Reputation and Liquidity Traps

Tokyo Center for Economic Research (TCER) Paper No. E-87
Number of pages: 64 Posted: 26 Dec 2014
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 48 (866,056)
Citation 2

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12.

The Risk-Adjusted Monetary Policy Rule

Downloads 88 (616,270)

The Risk-Adjusted Monetary Policy Rule

ECB Working Paper No. 1985
Number of pages: 24 Posted: 03 Feb 2017
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 59 (782,397)

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effective lower bound, inflation targeting, monetary policy rule, risk, risky steady state

The Risk-Adjusted Monetary Policy Rule

FEDS Working Paper No. 2016-61
Number of pages: 22 Posted: 10 Aug 2016 Last Revised: 21 Sep 2016
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 29 (1,057,618)

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13.

Credible Forward Guidance

FEDS Working Paper No. 2019-37
Number of pages: 50 Posted: 17 Jul 2019
Taisuke Nakata and Takeki Sunakawa
Board of Governors of the Federal Reserve System and Hitotsubashi University - Graduate School of Economics
Downloads 86 (629,460)

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14.

Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy

Downloads 85 (629,460)
Citation 10

Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy

ECB Working Paper No. 2220, Kenan Institute of Private Enterprise Research Paper No. 19-5
Number of pages: 47 Posted: 14 Jan 2019
Taisuke Nakata, Ryota Ogaki, Sebastian Schmidt and Paul Yoo
Board of Governors of the Federal Reserve System, University of Tokyo, European Central Bank (ECB) and Kogod School of Business - American University
Downloads 47 (874,661)
Citation 7

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forward guidance, optimal policy, discounted euler equation, discounted phillips curve, effective lower bound

Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy

FEDS Working Paper No. 2018-49
Number of pages: 45 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Taisuke Nakata, Ryota Ogaki, Sebastian Schmidt and Paul Yoo
Board of Governors of the Federal Reserve System, University of Tokyo, European Central Bank (ECB) and Kogod School of Business - American University
Downloads 38 (958,841)
Citation 3

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15.

Speed Limit Policy and Liquidity Traps

Downloads 85 (629,460)

Speed Limit Policy and Liquidity Traps

ECB Working Paper No. 2192
Number of pages: 30 Posted: 02 Nov 2018
Taisuke Nakata, Sebastian Schmidt and Paul Yoo
Board of Governors of the Federal Reserve System, European Central Bank (ECB) and Kogod School of Business - American University
Downloads 46 (883,291)

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liquidity traps, Markov-Perfect Equilibrium, speed limit policy, zero lower bound

Speed Limit Policy and Liquidity Traps

FEDS Working Paper No. 2018-50
Number of pages: 28 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Taisuke Nakata, Sebastian Schmidt and Paul Yoo
Board of Governors of the Federal Reserve System, European Central Bank (ECB) and Kogod School of Business - American University
Downloads 39 (948,654)

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16.

Effective Lower Bound Risk

FEDS Working Paper No. 2019-77
Number of pages: 63 Posted: 27 Nov 2019
Timothy Hills, Taisuke Nakata and Sebastian Schmidt
New York University (NYU), Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 79 (656,917)
Citation 23

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17.

Fiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia

FEDS Working Paper No. 2014-107
Number of pages: 44 Posted: 04 Jan 2015
Timothy Hills and Taisuke Nakata
New York University (NYU) and Board of Governors of the Federal Reserve System
Downloads 72 (691,704)
Citation 16

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Fiscal Policy, Government Spending Multipliers, Interest Rate Smoothing, Liquidity Trap, Zero Lower Bound

18.

Strengthening the Fomc's Framework in View of the Effective Lower Bound and Some Considerations Related to Time-Inconsistent Strategies

FEDS Working Paper No. 2020-67
Number of pages: 42 Posted: 02 Sep 2020
Fernando Duarte, Benjamin K. Johannsen, Leonardo Melosi and Taisuke Nakata
Brown University, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System
Downloads 69 (707,919)

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19.

Gradualism and Liquidity Traps

Downloads 61 (754,817)
Citation 11

Gradualism and Liquidity Traps

ECB Working Paper No. 1976
Number of pages: 31 Posted: 03 Feb 2017
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 40 (938,873)

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gradualism, inflation targeting, interest-rate smoothing, liquidity traps, zero lower bound

Gradualism and Liquidity Traps

FEDS Working Paper No. 2016-92
Number of pages: 30 Posted: 21 Nov 2016
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 21 (1,160,175)
Citation 11

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20.

Optimal Government Spending at the Zero Lower Bound: A Non-Ricardian Analysis

FEDS Working Paper No. 2015-038, http://dx.doi.org/10.17016/FEDS.2015.038
Number of pages: 35 Posted: 20 Jun 2015
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 58 (773,955)
Citation 5

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Commitment, Distortionary Taxation, Government Spending, Liquidity Trap, Nominal Debt, Optimal Policy, Zero Lower Bound

21.

Optimal Inflation Target with Expectations-Driven Liquidity Traps

FEDS Working Paper No. 2019-36
Number of pages: 31 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Taisuke Nakata and Philip Coyle
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (838,926)

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Liquidity Traps, Optimal Inflation Target, sunspot shocks, Zero Lower Bound

22.

A Promised Value Approach to Optimal Monetary Policy

FEDS Working Paper No. 2018-83
Number of pages: 65 Posted: 05 Dec 2018 Last Revised: 21 Feb 2019
Timothy Hills, Taisuke Nakata and Takeki Sunakawa
New York University (NYU), Board of Governors of the Federal Reserve System and Hitotsubashi University - Graduate School of Economics
Downloads 49 (838,926)

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23.

Welfare Costs of Shifting Trend Inflation

Downloads 48 (846,871)
Citation 4

Welfare Costs of Shifting Trend Inflation

FEDS Working Paper No. 2013-12
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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Welfare Costs of Shifting Trend Inflation

FEDS Working Paper No. 2013-12
Number of pages: 21 Posted: 06 Apr 2013
Taisuke Nakata
Board of Governors of the Federal Reserve System
Downloads 48 (866,056)
Citation 4

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Great inflation, second-order approximation, trend inflation, welfare

24.

Small Sample Properties of Bayesian Estimators of Labor Income Processes

Downloads 40 (916,035)
Citation 1

Small Sample Properties of Bayesian Estimators of Labor Income Processes

FEDS Working Paper No. 2014-25
Posted: 14 Jul 2021
Taisuke Nakata and Christopher Tonetti
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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Small Sample Properties of Bayesian Estimators of Labor Income Processes

FEDS Working Paper No. 2014-25
Number of pages: 38 Posted: 10 Apr 2014
Taisuke Nakata and Christopher Tonetti
Board of Governors of the Federal Reserve System and New York University (NYU)
Downloads 40 (938,873)
Citation 1

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Labor income process, small sample properties, GMM, bayesian estimation, error component models

25.

The Risk of Returning to the Effective Lower Bound: An Implication for Inflation Dynamics after Lift-Off

FEDS Notes No. 2016-02-12-2
Posted: 14 Jul 2021
Timothy S. Hills, Taisuke Nakata and Sebastian Schmidt
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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26.

Model-Based Measures of Elb Risk

FEDS Notes No. 2017-08-23
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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27.

Credibility of Optimal Forward Guidance at the Interest Rate Lower Bound

FEDS Notes No. 2015-08-27
Posted: 14 Jul 2021
Taisuke Nakata
Board of Governors of the Federal Reserve System

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28.

Raising the Inflation Target: Lessons from Japan

FEDS Notes No. 2020-01-08-1
Posted: 07 May 2020
Taisuke Nakata
Board of Governors of the Federal Reserve System

Abstract:

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29.

Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects

FEDS Notes No. 2018-10-19
Posted: 10 Oct 2018 Last Revised: 02 Oct 2020
Hess Chung, Taisuke Nakata and Matthias O. Paustian
Indiana University Bloomington - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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