Taisuke Nakata

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 42,337

SSRN RANKINGS

Top 42,337

in Total Papers Downloads

1,042

SSRN CITATIONS
Rank 7,819

SSRN RANKINGS

Top 7,819

in Total Papers Citations

56

CROSSREF CITATIONS

78

Scholarly Papers (22)

1.

Financial Stability and Optimal Interest-Rate Policy

FEDS Working Paper No. 2016-067
Number of pages: 72 Posted: 19 Aug 2016
Federal Reserve Board, Federal Reserve Board, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 185 (169,364)
Citation 3

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Financial crises, Financial stability and risk, Leverage, Monetary policy, Optimal policy

2.
Downloads 115 (249,589)
Citation 11

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 48 (416,863)

Abstract:

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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 38 (458,498)
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 29 (503,144)
Citation 3

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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 77 (326,923)

Abstract:

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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 35 (472,210)
Citation 2

Abstract:

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Deflationary Bias, Disinflation, Inflation Targeting, Risky Steady State, Tail Risk, Zero Lower Bound

4.

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 76 (326,150)
Citation 20

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

5.

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 65 (355,252)
Citation 9

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

6.

Equilibrium Yield Curves and the Interest Rate Lower Bound

FEDS Working Paper No. 2016-085
Number of pages: 65 Posted: 08 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 58 (376,096)
Citation 4

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Effective Lower Bound, Forward Guidance, New Keynesian Model, Recursive Preference, Term Premiums, Term Structure of Interest Rates, Yield Curves

7.
Downloads 55 (385,823)
Citation 11

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 31 (492,349)
Citation 2

Abstract:

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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 24 (533,579)
Citation 2

Abstract:

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8.

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

FEDS Working Paper No. 2019-003
Number of pages: 63 Posted: 07 Feb 2019 Last Revised: 21 Feb 2019
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 51 (399,164)
Citation 2

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Effective lower bound, Federal Reserve balance sheets, Forward guidance, Large-scale asset purchases, Monetary policy

9.

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 42 (432,152)
Citation 5

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

10.
Downloads 41 (436,087)
Citation 1

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 24 (533,579)

Abstract:

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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. 2016-061
Number of pages: 22 Posted: 10 Aug 2016
Taisuke Nakata and Sebastian Schmidt
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 17 (580,251)

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Effective Lower Bound, Inflation Targeting, Monetary Policy Rule, Risk, Risky Steady State

11.

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 38 (448,591)
Citation 4

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

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 University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 19 (566,667)

Abstract:

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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. 2018-049
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 University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 16 (586,944)
Citation 1

Abstract:

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Discounted euler equation, Discounted phillips curve, Effective lower bound, Forward guidance, Optimal policy

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

ECB Working Paper No. 2304
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 19 (566,667)
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. 2019-053
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 9 (637,121)

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Effective Lower Bound, Sunspot Equilibria, Monetary Policy, Fiscal Policy, Discretion, Policy Delegation

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 University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 14 (601,041)

Abstract:

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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. 2018-050
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 University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
Downloads 12 (615,474)

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Liquidity traps, Markov-perfect equilibrium, Speed limit policy, Zero lower bound

15.

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 25 (511,522)

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

16.
Downloads 18 (553,543)
Citation 5

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 14 (601,041)

Abstract:

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

Gradualism and Liquidity Traps

FEDS Working Paper No. 2016-092
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 4 (674,545)
Citation 4

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Gradualism, Inflation Targeting, Interest-Rate Smoothing, Liquidity Traps, Zero Lower Bound

17.

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 18 (553,543)
Citation 1

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

18.

A Promised Value Approach to Optimal Monetary Policy

FEDS Working Paper No. 2018-083
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 Kobe University
Downloads 17 (559,592)

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Commitment, Inflation bias, Optimal policy, Ramsey plans, Stabilization bias, Zero lower bound

19.

Optimal Inflation Target with Expectations-Driven Liquidity Traps

FEDS Working Paper No. 2019-036
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 13 (584,750)

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Liquidity Traps, Optimal Inflation Target, Sunspot Shock, Zero Lower Bound

20.

Credible Forward Guidance

FEDS Working Paper No. 2019-037
Number of pages: 50 Posted: 17 Jul 2019
Taisuke Nakata and Takeki Sunakawa
Board of Governors of the Federal Reserve System and Kobe University
Downloads 13 (584,750)

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Credibility, Effective Lower Bound, Forward Guidance, Sustainable Plan, Time-Consistency

21.

Effective Lower Bound Risk

FEDS Working Paper No. 2019-077
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 11 (598,010)

Abstract:

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Deflationary Bias, Disinflation, Effective Lower Bound, Inflation Targeting, Risky Steady State, Tail Risk

22.

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

FED Notes No. 2018-10-19
Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
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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