🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

The Inflation Drivers and Dynamics 2025 Conference is taking place Sept. 29-30 at the European Central Bank. Authors interested in presenting their inflation-related research can now submit their papers: clefed.org/4hlCyI7 deadline is April 30.

Call for papers for a conference on long-term fiscal policy, debt, and deficits. On February 26-27, at the NBER organized by myself and Markus Brunnermeier, spurred to action by Jim Poterba. See the link for submission guidelines. nber.org/long-term-fisc…

Long-term fiscal policy, debt, and deficits. @NBERpubs Conference on February 26-27, 2026 (organized by Ricardo Reis & myself) Call for Papers and submission guidelines. nber.org/calls-papers-a…

New paper on recent US tariffs with Matt Rognlie and Adrien Auclert Our focus: effects of temporary increases in tariffs (“tariff shocks") Three Qs: 1 Will tariffs lead to a recession? 2 Will they reduce the trade deficit? 3 Why are they not appreciating USD? (as in std theory) 🧵

We are delighted to announce that Professor David Aikman has been appointed as the new Director of NIESR. David will take up his role in July 2025, bringing with him huge expertise and experience as an economist and policy adviser. Find out more ⬇ hubs.la/Q03jRSxv0

New CEPR Discussion Paper - DP20157 The Market for #Inflation Risk Saleem Bahaj UCL Economics Bank of England, Robert Czech Bank of England, Sitong Ding LSE, Ricardo Reis LSE Department of Economics ow.ly/Hc2L50VH5lQ #CEPR_MEF #CEPR_AP #EconTwitter

Why didn’t electrical engineers forecast the Iberian electricity crisis?

The crisis has shown we need Modern Electrical Theory

Looking forward to reading many op eds in the Financial Times on how the study of electrical engineering is in a crisis. Researchers should go back to reading Maxwell’s Elementary Treatise on Electricity

I bet there are a few heterodox electrical engineers that at some point made some vague predictions about an electricity crisis, who will now be hailed as geniuses

Ah, well, perhaps they were just too busy with all that mathematical formalization. Really lost touch with the real world, you know?

Rethinking Electrical Engineering: less focus on math, more focus on people.

On Friday I was lucky to be with my old friends of Northwestern Economics to celebrate Mike Woodford, this year’s winner of the Nemmers Prize in Economics

Stanley Fischer— so many contributions but I want to highlight. His speech on need for an international lender of resort which argued for IMF to play that role. Over time as $-funding has become more important, CB swap lines led by the Fed mimic part of that role Ricardo Reis

If I had to choose between models or Stan Fischer to run monetary policy, I’d choose Fischer. Otherwise, give me models. This running joke among applied macroeconomists gives you a sense of Fischer’s influence and the respect he deservedly earned.

Stan Fischer was one of the most impressive people that I have ever had the fortune to meet and interact with. (And my intellectual grandfather in advisee lineage.)

Greg Mankiw on whether economics is a science (WSJ)

Forthcoming in the JEL: "How Do Central Banks Control Inflation? A Guide for the Perplexed" by Laura Castillo-Martinez and Ricardo Reis. aeaweb.org/articles?id=10…

I assign this in my 2nd year class, with good results so far. Great for students with somewhat limited exposure to monetary models.

Highly recommended! "How do central banks control inflation? A guide for the perplexed" by Laura Castillo-Martinez and Ricardo Reis. "The goal of this article is to provide a unified treatment of the theory of how central banks control inflation. The hope is that researchers