Ricardo Reis
Research
Ordered by topic. Can see ordered by publication date.
Inattentiveness and Sticky Information
- When Should Policymakers Make Announcements?
First draft: June 2010. Current version: June 2011. | Local copy (PDF). - Targeted Transfers and the Fiscal Response to the Great Recession, with Hyunseung Oh.
First draft: September 2010. Current version: January 2011. | Local copy (PDF). - 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). - 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). - Optimal Monetary Policy Rules in an Estimated Sticky-Information Model
American Economic Journal: Macroeconomics, 1 (2), 1-28, 2009. | 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. - 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. - 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 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). - 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).
Dynamic Measures of Inflation
- 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). - A Dynamic Measure of Inflation
First draft: June 2005. Current version: April 2009. | Local copy (PDF). - Dynamic Measures of Inflation.
NBER Reporter, number 3, 2009. - Measuring Changes in the Value of the Numeraire (PDF), with Mark W. Watson
Unpublished manuscript, 2007 - 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). - 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).
The Persistence of Macroeconomic Series: Measurement and Implications
- Correlated Disturbances and U.S. Business Cycles, with Vasco Cúrdia.
First draft: April 2009. Current version: February 2011. | 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). - 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). - 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). - 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).
Building, Estimating and Evaluating DSGE Models
- Correlated Disturbances and U.S. Business Cycles, with Vasco Cúrdia.
First draft: April 2009. Current version: February 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). - 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). - Optimal Monetary Policy Rules in an Estimated Sticky-Information Model
American Economic Journal: Macroeconomics, 1 (2), 1-28, 2009. | Local copy (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. - 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. - 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.
Monetary Policy
- 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). - 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. - 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). - Optimal Monetary Policy Rules in an Estimated Sticky-Information Model
American Economic Journal: Macroeconomics, 1 (2), 1-28, 2009. | Local copy (PDF). - The Analytics of Monetary Non-Neutrality in the Sidrauski Model.
Economics Letters, 94 (1), 129-135, 2007. | Local copy (PDF). - 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 proofs, see longer version (PDF) released as NBER working paper. - 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).
Fiscal Policy
- Correlated Disturbances and U.S. Business Cycles, with Vasco Cúrdia.
First draft: April 2009. Current version: February 2011. | Local copy (PDF). - Targeted Transfers and the Fiscal Response to the Great Recession, with Hyunseung Oh.
First draft: September 2010. Current version: January 2011. | Local copy (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.
