Columbia University


Ricardo A. Reis
Studies: 12
Abstract:

This study uses a dynamic stochastic general-equilibrium (DSGE) model with sticky information as a laboratory to study monetary policy. It characterizes the model's predictions for macro-dynamics and ...

hdl:1902.1/12754
2 downloads
Updated: Jun 4, 2009
Abstract:

This paper presents a dynamic stochastic general-equilibrium model with a single friction in all markets: sticky information. In this economy, agents are inattentive because of costs of acquiring, absorbing ...

hdl:1902.1/12776
0 downloads
Updated: Jun 4, 2009
Abstract:

Early studies of business cycles argued that contractions in economic activity were briefer (shorter) and more violent (rapid) than expansions. This paper systematically investigates this claim and in ...

hdl:1902.1/12199
4 downloads + analyses
Updated: Jan 7, 2009
Abstract:

This paper uses a dynamic factor model for the quarterly changes in consumption goods’ prices to separate them into three components: idiosyncratic relative-price changes, aggregate relative-price changes, and ...

hdl:1902.1/12187
2 downloads
Updated: Dec 19, 2008
Abstract:

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper ...

hdl:1902.1/10499
5 downloads
Updated: Dec 17, 2008
Replication data for: Disagreement about Inflation Expectations by Ricardo Reis; N. Gregory Mankiw; Justin Wolfers
Abstract:

Analyzing 50 years of inflation expectations data from several sources, we document substantial disagreement among both consumers and professional economists about expected future inflation. Moreover, this ...

hdl:1902.1/10497
31 downloads + analyses
Updated: Dec 17, 2008
Abstract:

I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I establish a series of theoretical results describing the producer's behavior. First, I ...

hdl:1902.1/10498
10 downloads + analyses
Updated: Dec 17, 2008
Replication data for: Monetary Policy for Inattentive Economies by Ricardo Reis; Laurence Ball; N. Gregory Mankiw
Abstract:

This paper is a contribution to the analysis of optimal monetary policy. It begins with a critical assessment of the existing literature, arguing that most work is based on implausible models of inflation-output ...

hdl:1902.1/10496
5 downloads
Updated: Dec 17, 2008
Abstract:

This paper develops and analyzes a general-equilibrium model with sticky information. The only rigidity in goods, labor, and financial markets is that agents are inattentive, sporadically updating their ...

hdl:1902.1/10500
65 downloads
Updated: Dec 17, 2008
Abstract:

This paper examines a model of dynamic price adjustment based on the assumption that information disseminates slowly throughout the population. Compared to the commonly used sticky-price model, this ...

hdl:1902.1/10495
8 downloads
Updated: Dec 17, 2008