Fumiko Hayashi

Fumiko Hayashi is a Senior Economist in the Payments System Research function of the Economic Research Department at the Federal Reserve Bank of Kansas City. Her current projects include research on consumer payment choices and on the economic and public policy implications of recent changes in the payment card industry. Her research has been published in academic journals such as the Review of Network Economics, the Quarterly of Social Security Research (Japan), the Economic Review (Japan), and JCER Economic Journal (Japan). Prior to joining the Federal Reserve Bank of Kansas City, she conducted research examining consumer savings and long-term care insurance, social security reform in Japan and nursing home markets in the United States.  She received a bachelor’s degree and master’s degree in economics from Hitotsubashi University and a Ph.D. in economics from the University of Minnesota.