Photo of Taisuke Nakata

Taisuke Nakata

Education

  • Ph.D., Economics, New York University, 2012
  • B.A., Economics, University of Chicago, 2003
Current Research Topics
  • Zero Lower Bound
  • Optimal Policy
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2012 - 2015
  • Assistant Economist

    Federal Reserve Bank of Kansas City

    2003 - 2007
  • Nakata, Taisuke and Sebastian Schmidt (2016). "Gradualism and Liquidity Traps," Finance and Economics Discussion Series 2016-092. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke, and Hiroatsu Tanaka (2016). "Equilibrium Yield Curves and the Interest Rate Lower Bound," Finance and Economics Discussion Series 2016-085. Board of Governors of the Federal Reserve System (U.S.).
  • Ajello, Andrea, Thomas Laubach, David Lopez-Salido, and Taisuke Nakata (2016). "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke, and Sebastian Schmidt (2016). "The Risk-Adjusted Monetary Policy Rule," Finance and Economics Discussion Series 2016-061. Board of Governors of the Federal Reserve System (U.S.).
  • Hills, Timothy S., Taisuke Nakata, and Sebastian Schmidt (2016). "The Risky Steady State and the Interest Rate Lower Bound," Finance and Economics Discussion Series 2016-009. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke (2015). "Optimal Government Spending at the Zero Lower Bound: A Non-Ricardian Analysis," Finance and Economics Discussion Series 2015-038. Board of Governors of the Federal Reserve System (U.S.).
  • Hills, Timothy, and Taisuke Nakata. (2014). "Fiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia," Finance and Economics Discussion Series 2014-107. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke, and Sebastian Schmidt. (2014). "Conservatism and Liquidity Traps," Finance and Economics Discussion Series 2014-105. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke (2014). "Reputation and Liquidity Traps," Finance and Economics Discussion Series 2014-50. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke (2013). "Uncertainty at the Zero Lower Bound," Finance and Economics Discussion Series 2013-09. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke (2016). "Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints," Journal of Economic Dynamics and Control, vol. 73, pp. 220–240.
  • Hills, Timothy, Taisuke Nakata, and Sebastian Schmidt (2016). "The Risk of Returning to the Effective Lower Bound: An Implication for Inflation Dynamics After Lift-Off," FEDS Notes 2016-02-12. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke (2015). "Credibility of Optimal Forward Guidance at the Interest Rate Lower Bound," FEDS Notes 2015-08-27. Board of Governors of the Federal Reserve System (U.S.).
  • Nakata, Taisuke, and Christopher Tonetti (2015). "Small Sample Properties of Bayesian Estimators of Labor Income Processes," Journal of Applied Economics, vol. 18, no. 1, pp. 121-148.
  • Nakata, Taisuke (2014). "Welfare Costs of Shifting Trend Inflation," Journal of Macroeconomics, vol. 41, pp. 66-78.
  • Evanoff, Douglas D., Julapa A. Jagtiani, and Taisuke Nakata (2011). "Enhancing Market Discipline in Banking: The Role of Subordinated Debt in Financial Regulatory Reform," Journal of Economics and Business, vol. 63, no. 1, pp. 1-22.
  • Sancak, Cemile, Lucy Qian Liu, and Taisuke Nakata (2011). "Canada: A Success Story," in Mauro, Paolo ed., Hoboken, N.J.: Wiley, pp. 1-29.
  • Clark, Todd E., and Taisuke Nakata (2008). "Has the Behavior of Inflation and Long-Term Inflation Expectations Changed?" Federal Reserve Bank of Kansas City Economic Review, vol. 93, no. 1, pp. 17-50.
  • Clark, Todd E., and Taisuke Nakata (2006). "The Trend Growth Rate of Employment: Past, Present, and Future," Federal Reserve Bank of Kansas City Economic Review, vol. 91, no. 1, pp. 43-85.
Referee
  • American Economic Review
  • Econometrica
  • Economics Letters
  • International Economic Review
  • International Journal of Central Banking
  • Japanese Economic Review
  • Journal of Economics and Business
  • Journal of Economic Dynamics and Control
  • Journal of Economic Theory
  • Journal of Financial Stability
  • Journal of Macroeconomics
  • Journal of Money, Credit and Banking
  • Macroeconomic Dynamics
  • Quarterly Journal of Economics
  • Review of Economic Dynamics
Last update: March 27, 2017