Ricardo Reis

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Ricardo Reis
Born (1978-09-01) September 1, 1978 (age 46)
Porto
Nationality Portugal
Institution Columbia University
Field Macroeconomics
School or tradition
New Keynesian economics
Alma mater Harvard University (Ph.D., 2004)
LSE (B.Sc., 1999)
Influences N. Gregory Mankiw
Contributions Central bank solvency ; Transfers multipliers ; Sticky information ; Dynamic measures of inflation
Awards Kenneth Arrow Prize (2004) ; Phillips lecture (2011) ; Excellence award in global economic affairs (2013)
Information at IDEAS / RePEc

Ricardo A. M. R. Reis (born September 1, 1978) is a Portuguese economist at Columbia University in New York City. He became a full professor at the age of 29, one of the youngest ever in the history of the University. He is the editor of the Journal of Monetary Economics and sits on the Board of Editors of the American Economic Review and the Journal of Economic Literature. He is an academic advisor and visiting scholar at the Federal Reserve Bank of Minneapolis, the Federal Reserve Bank of New York, and the Federal Reserve Bank of Richmond.

Reis earned his Bachelor of Science (B.Sc.) degree from the London School of Economics in 1999, and his Doctor of Philosophy (Ph.D.) from Harvard University in 2004. In 2009, Reis was ranked the second most cited young economist in the world.[1] In a 2013 ranking of young economists by Glenn Ellison, Reis was considered the top economist with a PhD between 1996 and 2004, ahead of Esther Duflo and Enrico Moretti.[2]

His main area of research is macroeconomics. His main theoretical contribution was the sticky-information Phillips curve[3] and the associated theories of inattention,[4] models of sticky information,[5] and endogenous disagreement.[6] His work on monetary policy has included proposing measures of pure inflation,[7] showing when a central bank can go insolvent[8][9] and stating principles of central bank design.[10] His work on fiscal policy has focussed on targeted fiscal transfers.[11] and the role of automatic stabilizers.[12] He also participated on debates over the Euro crisis, proposing an explanation for the crisis [13] and designing European Safe Bonds.

He writes for the Portuguese newspaper Jornal de Noticias and participates frequently in economic debates in Portugal.

References

  1. IDEAS/RePEc: Top Young Economists, as of December 2009
  2. Ellison, G. (2013) "How Does the Market Use Citation Data? The Hirsch Index in Economics," AEJ: Applied Economics, 5 (3), 63–90, doi:10.1257/app.5.3.63
  3. Mankiw, N.G. and R. Reis (2002) "Sticky Information Versus Sticky Prices: A Proposal To Replace The New Keynesian Phillips Curve," Quarterly Journal of Economics, 117(4), 1295–1328, doi:10.1162/003355302320935034
  4. R. Reis (2006) "Inattentive Producers," Review of Economic Studies, 73(3), 793–821, doi:10.1111/j.1467-937X.2006.00396.x
  5. Mankiw, N.G. and R. Reis (2010) Imperfect Information and Aggregate Supply" Handbook of Monetary Economics doi:10.1016/B978-0-444-53238-1.00005-3
  6. Mankiw, N. G., J. Wolfers and R. Reis (2004) "Disagreement about Inflation Expectations" NBER Macroeconomics Annual, 18, 209–248 doi:10.3386/w9796
  7. Reis, R. and M. Watson (2010) "Relative Goods' Prices, Pure Inflation, and the Phillips Correlation" AEJ: Macroeconomics, 2 (3), 128–57 doi:10.1257/mac.2.3.128
  8. Reis, R. (2013) "The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis" American Economic Review, 103 (3), 135–40 doi:10.1257/aer.103.3.135
  9. Hall R. and R. Reis (2013) "Maintaining Central-Bank Solvency under New-Style Central Banking"
  10. Reis, R. (2013) "Central Bank Design" Journal of Economic Perspectives, 27 (4), 17–44 doi:10.1257/jep.27.4.17
  11. Oh, H, and R. Reis (2011) "Targeted Transfers and the Fiscal Response to the Great Recession," Journal of Monetary Economics, 59, S50-S64 doi:10.1016/j.jmoneco.2012.10.025
  12. McKay, A. and R. Reis (2011) "The Role of Automatic Stabilizers in the U.S. Business Cycle," NBER working paper 16775 doi:10.3386/w19000.
  13. R. Reis (2013) "The Portuguese Slump and Crash and the Euro Crisis," Brookings Papers on Economic Activity, 46, 143-193 doi:10.1353/eca.2013.0005

External links

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