description Ricardo Reis Overview
Ricardo Reis is a Portuguese economist at the London School of Economics, known for developing the sticky information model in macroeconomics. In this framework, economic agents update their information sets only periodically rather than continuously, offering an alternative to the sticky-price assumptions common in New Keynesian models. His research addresses monetary policy transmission, inflation dynamics, and the role of central bank communication and design. Reis has also published work on fiscal policy, public debt sustainability, and the measurement of inflation expectations.
help Ricardo Reis FAQ
Where does economist Ricardo Reis currently teach?
Ricardo Reis is the A.W. Phillips Professor of Economics at the London School of Economics (LSE). He is also a research associate at the National Bureau of Economic Research (NBER).
What is the inattentive consumer model created by Ricardo Reis?
Reis developed the inattentive consumer model to explain how individuals make economic decisions without constantly monitoring inflation or price changes. The model suggests that people rationally update their information only sporadically, which has major implications for how monetary policy affects the broader economy.
Has Ricardo Reis won any major economic awards?
Yes, Reis was awarded the prestigious Bernácer Prize in 2005 for his outstanding contributions to macroeconomics. The prize is awarded annually to European economists under the age of 40.
What is Ricardo Reis's background in economics?
Born in Portugal, Reis earned his Ph.D. in Economics from Harvard University. Before joining the faculty at the London School of Economics, he also taught at Princeton University.
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