Ricardo Reis

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For the heteronym of Fernando Pessoa, see Fernando Pessoa.
Ricardo Reis
Born (1978-09-01) September 1, 1978 (age 36)
Nationality Portugal
Institution Columbia University
Field Macroeconomics
School/tradition New Keynesian economics
Alma mater Harvard University (Ph.D., 2004)
LSE (B.Sc., 1999)
Influences N. Gregory Mankiw
Mark Watson
Contributions Sticky information ; Inattentiveness theories ; Dynamic measures of inflation
Awards Kenneth Arrow Prize in Economics for Junior Faculty (2004)
Information at IDEAS/RePEc

Ricardo A. M. R. Reis (born September 1, 1978) is a Portuguese economist. He is currently a professor of economics 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. Reis is a Research Associate of the NBER, a Research Affiliate of the Centre for Economic Policy Research, and is a co-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.

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]

His main area of research is macroeconomics. His past work has focused on models of inattention, measures of inflation, and several contributions to the study of monetary and fiscal policy. His best known work is on the theories of rational inattention and sticky information, according to which information disseminates slowly throughout the population leading to sluggishness in macroeconomic aggregates,[2] endogenous disagreement,[3] and a Phillips curve trade-off between inflation and real activity.[4] He has also made many contributions to the study of the properties of inflation, including its unchanged persistence,[5] measures of pure inflation,[6] and dynamic price indices.[7] His last work shows that across the world there was very little increase in government purchases, with most fiscal stimulus programs going to fund increases in social transfers.[8]


  1. ^ IDEAS/RePEc: Top Young Economists, as of December 2009
  2. ^ R. Reis (2006) "Inattentive Producers," Review of Economic Studies, 73(3), 793–821, doi:10.1111/j.1467-937X.2006.00396.x
  3. ^ Mankiw, N. G., J. Wolfers and R. Reis (2004) "Disagreement about Inflation Expectations" NBER Macroeconomics Annual 2003, 18, 209–248.
  4. ^ 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
  5. ^ Pivetta, F. and R. Reis (2002) "The persistence of inflation in the United States," Journal of Economic Dynamics and Control, 31 (4), 1326–1358, doi:10.1016/j.jedc.2006.05.001
  6. ^ 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
  7. ^ Reis, R. (2005) "A Dynamic Measure of Inflation" NBER working paper 11746.
  8. ^ Oh, H, and R. Reis (2011) "Targeted Transfers and the Fiscal Response to the Great Recession" NBER working paper 16775.

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