Ricardo Reis
Encyclopedia
Ricardo A. M. R. Reis 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 CEPR
, 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 economists in the world.
His main area of research is macroeconomics. His past work has focussed 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, endogenous disagreement, and a Phillips curve
trade-off between inflation and real activity. He has also made many contributions to the study of the properties of inflation, including its unchanged persistence, measures of pure inflation, and dynamic price indices. 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.
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He is currently a professor of economics at Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. 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 CEPR
CEPR
The acronym CEPR may refer to:* Centre for Economic Policy Research, a London-based European network of economists, founded in 1983* Center for Economic and Policy Research, a progressive think tank in Washington, D.C., founded in 1999...
, and is a co-editor of the Journal of Monetary Economics
Journal of Monetary Economics
The Journal of Monetary Economics is a leading journal on macroeconomics and monetary economics currently published by Elsevier. Its first issue was in October of 1973. Beginning in 2002, the Carnegie-Rochester Conference Series on Public Policy: a bi-annual conference proceedings began to be...
and sits on the Board of Editors of the American Economic Review
American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...
and the Journal of Economic Literature
Journal of Economic Literature
The Journal of Economic Literature is a peer-reviewed academic journal on economy published by the American Economic Association. It was established in 1963 as the Journal of Economic Abstracts. As a review journal, it mainly features essays and reviews of recent economic theories...
.
Reis earned his Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
(B.Sc.) degree from the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
in 1999, and his Doctor of Philosophy
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
(Ph.D.) from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
in 2004. In 2009, Reis was ranked the second most cited young economists in the world.
His main area of research is macroeconomics. His past work has focussed 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, endogenous disagreement, and a Phillips curve
Phillips curve
In economics, the Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of inflation...
trade-off between inflation and real activity. He has also made many contributions to the study of the properties of inflation, including its unchanged persistence, measures of pure inflation, and dynamic price indices. 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.