Рикардо Рейш

Macroeconomist at the London School of Economics ranked among the top monetary economists globally. His foundational work on sticky-information models with N. Gregory Mankiw provided an alternative to sticky-price New Keynesian models: rather than assuming prices adjust slowly, sticky-information models assume that agents update their information sets infrequently, which better explains certain empirical puzzles in inflation dynamics. His research on central bank solvency — the question of whether a central bank can become insolvent and what this means for monetary policy — became highly influential after quantitative easing programs expanded central bank balance sheets dramatically post-2008. He developed the concept of "convenience yield" on government bonds to explain how safe asset shortages affect monetary transmission. Advisor to the ECB and several central banks. Recipient of the EEA Young Economist Award. Highly active on Bluesky, where he shares real-time commentary on monetary policy decisions, inflation data, and central banking.