Ricardo Reis is the A.W. Phillips Professor of Economics at the London School of Economics. He is also affiliated with the CEPR and the ESRC Centre for Macroeconomics, and he is an academic advisor at the Bank of England and the FRB of Richmond. He is the chief editor of the Journal of Monetary Economics and sits on the editorial board of the Economic Journal. His main area of research is applied macroeconomics. His current research focusses on four areas. The first is "reservism", the study of the role of reserves on central bank balance sheets and their implications for central bank solvency, quantitative easing, and the ability to control inflation. The second is the use of inflation options to measure valuation-relevant inflation. The third is the operation of fiscal automatic stabilizers. The fourth is the introduction of European Safe Bonds (ESBies) to solve the diabolic loop and provide a Euro-wide safe asset without joint liability. Past research focused on theories of inattention, models of sticky information, inflation dynamics, price indices, capital misallocation and the European slump, and the study of monetary and fiscal policy. He held previous positions at Columbia University and Princeton University.