11 Facts About Ricardo Reis

1.

Ricardo Reis writes a weekly op-ed for the Portuguese newspaper Jornal de Noticias and Expresso, and participates frequently in economic debates in Portugal.

2.

Ricardo Reis taught at Princeton University from 2004 to 2008 before moving to Columbia University where he became a full professor at the age of 29, one of the youngest ever in the history of the university.

3.

Ricardo Reis is an academic advisor and visiting scholar at central banks around the world, and sits on the board of multiple institutions.

4.

In 2002, with Gregory Mankiw, Ricardo Reis proposed the sticky-information Phillips curve and followed it later with rational theories of inattention, and sticky-information models in general equilibrium.

5.

In 2004, with Gregory Mankiw and Justin Wolfers, Ricardo Reis started the modern empirical literature that focuses on disagreement in surveys.

6.

In 2010, with Mark Watson, Ricardo Reis developed measures of pure inflation, which have become popular measures of core inflation used by central banks around the world.

7.

In 2012, Ricardo Reis wrote the first model that merged the Aiyagari model of incomplete markets with a New Keynesian model of nominal rigidities.

8.

In 2013, with Robert E Hall, Reis invented the concept of central bank insolvency to describe the impact of possible losses from quantitative easing programs.

9.

In 2013, Ricardo Reis proposed the misallocation hypothesis for the European slump and crash.

10.

In 2016, at the Kansas City Federal Reserve economic policy symposium, Ricardo Reis proposed that a central bank's balance sheet should be just large enough to satiate the demand for bank reserves.

11.

In 2016, with Alisdair McKay, Ricardo Reis showed that automatic stabilizers can be very effective by reducing the need for precautionary savings at the start of recessions.