Ricardo Reis

Research

Ordered by publication date. Can see ordered by topic.

Unpublished

• Targeted Transfers and the Fiscal Response to the Great Recession, with Hyunseung Oh.
  First draft: September 2010. Current version: January 2011. | Local copy (PDF).


• Correlated Disturbances and U.S. Business Cycles, with Vasco Cúrdia.
  First draft: April 2009. Current version: February 2011. | Local copy (PDF).


• When Should Policymakers Make Announcements?
  First draft: June 2010. Current version: June 2011. | Local copy (PDF).


• Where to Inject Liquidity During a Financial Crisis?
  Under revision. | Local copy (PDF).


• A Dynamic Measure of Inflation
  First draft: June 2005. Current version: April 2009. | Local copy (PDF).

Published or forthcoming

• Imperfect Information and Aggregate Supply, with N. Gregory Mankiw.
  In: Handbook of Monetary Economics, edited by B. Friedman and M. Woodford, Elsevier-North Holland, vol. 3A, 182-230, 2011 | Local copy (PDF).


• Evaluating Forecasts from DSGE Models: A Comment on Edge and Gurkaynak.
  Brookings Papers on Economic Activity, Fall, 245-253, 2010. | Local copy (PDF).


• Relative Goods' Prices, Pure Inflation and the Phillips Correlation, with Mark W. Watson.
  American Economic Journal: Macroeconomics, 2 (3), 128-157, 2010. | Local copy (PDF).


• Interpreting the Unconventional U.S. Monetary Policy of 2007-09.
  Brookings Papers on Economic Activity, 2009 (2), 119-165, 2009. | Local copy (PDF).


• A Sticky-Information General-Equilibrium Model for Policy Analysis.
  In: Monetary Policy under Uncertainty and Learning, edited by K. Schmidt-Heubel, C. Walsh and N. Loayza, Central Bank of Chile, Santiago, 1 (13), chapter 8, 227-283, 2009. | Local copy (PDF).


• Dynamic Measures of Inflation.
  NBER Reporter, number 3, 2009.


• Optimal Monetary Policy Rules in an Estimated Sticky-Information Model
  American Economic Journal: Macroeconomics, 1 (2), 1-28, 2009. | Local copy (PDF).


• The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations
  Journal of the European Economic Association, 7 (4), 722-753, 2009. | Local copy (PDF).


• The Brevity and Violence of Contractions and Expansions, with Alisdair McKay.
  Journal of Monetary Economics, 55 (4), 738-751, 2008. | Local copy (PDF). | Accompanying online appendix (PDF).


• Using VARs to Identify Models of Fiscal Policy: A Comment on Perotti.
  NBER Macroeconomics Annual 2007, 22, 227-236, 2008. | Local copy (PDF). | Longer version (PDF) released as WWS discussion paper.


• The Analytics of Monetary Non-Neutrality in the Sidrauski Model.
  Economics Letters, 94 (1), 129-135, 2007. | Local copy (PDF).


• Sticky Information in General Equilibrium, with N. Gregory Mankiw.
  Journal of the European Economic Association, 5 (2-3), 603-613, 2007. | Local copy (PDF) and important erratum (PDF). | Longer version (PDF) released as NBER working paper.


• The Persistence of Inflation in the United States, with Frederic Pivetta.
  Journal of Economic Dynamics and Control, 31 (4), 1326-1358, 2007. | Local copy (PDF).


• Inattentive Consumers.
  Journal of Monetary Economics, 53 (8), 1761-1800, 2006. | Local copy (PDF) and minor erratum (PDF).


• Inattentive Producers.
  Review of Economic Studies, 73 (3), 793-821, 2006. | Local copy (PDF).


• Pervasive Stickiness, with N. Gregory Mankiw.
  American Economic Review, 96 (2), 164-169, 2006. | Local copy (PDF). | Longer version (PDF) released as NBER working paper.


• Understanding the Greenspan Standard, with Alan S. Blinder.
  In: The Greenspan Era: Lessons for the Future, Jackson Hole: Federal Reserve Bank of Kansas City, 11-96 2005. | Local copy (PDF).


• Monetary Policy for Inattentive Economies, with Laurence Ball and N. Gregory Mankiw.
  Journal of Monetary Economics, 52 (4), 703-725, 2005. | Local copy (PDF). | For the proofs, see longer version (PDF) released as NBER working paper.


• Disagreement about Inflation Expectations, with N. Gregory Mankiw and Justin Wolfers.
  NBER Macroeconomics Annual 2003, 18, 209-248, 2004. | Local copy (PDF).


• What Measure of Inflation Should a Central Bank Target? with N. Gregory Mankiw.
  Journal of the European Economic Association, 1 (5), 1058-1086, 2003. | Local copy (PDF).


• Where Is the Natural Rate? Rational Policy Mistakes and Persistent Deviations of Inflation from Target.
  Advances in Macroeconomics, 3 (1), article 1, 2003. | Winner of the Kenneth Arrow Prize for Junior Faculty for the best economics paper published in the B.E. Press in 2003. | Local copy (PDF) and minor erratum (PDF).


• Sticky Information: A Model of Monetary Non-neutrality and Structural Slumps, with N. Gregory Mankiw.
  In: Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps, edited by P. Aghion, R. Frydman, J. Stiglitz and M. Woodford, Princeton: Princeton University Press, 64-86, 2003. | Local copy (PDF).


• Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve, with N. Gregory Mankiw.
  Quarterly Journal of Economics, 117 (4), 1295-1328, 2002. | Local copy (PDF).


• Costs of Banking System Instability: Some Empirical Evidence, with Glenn Hoggarth and Victoria Saporta.
  Journal of Banking and Finance, 26 (5), 825-855, 2002. | Local copy (PDF).

In Portuguese, or not meant for publication

• Solução para Portugal: fazer mais com os Portugueses (PDF).
  In: Portugal e o Futuro: Homenagem a Ernâni Lopes, edited by J. Vasconcellos e Sá, Vida Económica, 177-186, 2011.


• Exit Strategies and the Federal Reserve (PDF)
  In: No Way Out: Government Responses to the Financial Crisis, conference series organized by V. Reinhart at the American Enterprise Institute, 2010.


• Measuring Changes in the Value of the Numeraire (PDF) , with Mark W. Watson
  Unpublished manuscript, 2007