Ricardo Reis
- January 9, 2024
- Economist
Quick Facts
Ricardo Reis Biography
| Name | Ricardo Reis |
| Birthday | Sep 1 |
| Birth Year | 1978 |
| Place Of Birth | Porto |
| Birth Country | Portugal |
| Birth Sign | Virgo |
Ricardo Reis is one of the most popular and richest Economist who was born on September 1, 1978 in Porto, Portugal.
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. He 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. He is an academic advisor and visiting scholar at central banks around the world, and sits on the board of multiple institutions.
In 2002, with Gregory Mankiw he proposed the sticky-information Phillips curve and followed it later with rational theories of inattention, and sticky- information models in general equilibrium. This model of nominal rigidities is based on the slow diffusion of information among the population of price setters and displays three related properties that are more consistent with accepted views about the effects of monetary policy. First, disinflations are always contractionary (although announced disinflations are less contractionary than surprise ones). Second, monetary policy shocks have their maximum impact on inflation with a substantial delay. Third, the change in inflation is positively correlated with the level of economic activity.
Ricardo Reis Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Ricardo Reis is one of the richest Economist from Portugal. According to our analysis, Wikipedia, Forbes & Business Insider, Ricardo Reis 's net worth $5 Million. (Last Update: December 11, 2023)
Ricardo A. M. R. Reis (born 1978) is a Portuguese economist and the A. W. Phillips professor of economics at the London School of Economics. In a 2013 ranking of young economists by Glenn Ellison, Reis was considered the top economist with a PhD between 1996 and 2004., and in 2016 he won the Germán Bernácer Prize for top European-born economist researching macroeconomics and finance. He writes a weekly op-ed for the Portuguese newspaper Jornal de Notícias and participates frequently in economic debates in Portugal.
Height, Weight & Body Measurements
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According to our records, Ricardo Reis is possibily single & has not been previously engaged. As of December 1, 2023, Ricardo Reis’s is not dating anyone.
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In 2013, he proposed the misallocation hypothesis for the European slump and crash. It contends that by joining the eurozone, countries in the European periphery enjoyed large capital inflows, but their underdeveloped financial and political systems misallocated this capital leading to a slump in productivity and sowing the seeds of the crisis. Fast financial integration without financial depth creates a slump and a crash. Some accounts of why low real interest rates can be causing misallocation and low productivity build on his idea.
Facts & Trivia
Richard Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Portugal. Ricardo Reis celebrates birthday on September 1 of every year.
In 2016, with Alisdair McKay he showed that automatic stabilizers can be very effective by reducing the need for precautionary savings at the start of recessions.