Ricardo Reis joined the Federal Reserve Bank of Minneapolis as a consultant in 2013. He is a professor of economics at Columbia University. Originally from Portugal, he received his B.Sc. degree from the London School of Economics in 1999 and his Ph.D. from Harvard University in 2004. He has taught at Princeton University and has been a visitor at Stanford University, Yale University, the University of Chicago, and the Russell Sage Foundation. Ricardo is a Research Associate of the National Bureau of Economic Research and a Research Fellow of the Centre for Economic Policy Research. He is a coeditor of the Journal of Monetary Economics, a member of the board of editors of the American Economic Review and the Journal of Economic Literature, and an associate editor of the Economic Journal and the Journal of Money, Credit and Banking. He is also a consultant at the Federal Reserve Banks of New York and Richmond. His main area of research is macroeconomics, both theoretical and applied. Recent work investigates the role of fiscal automatic stabilizers in U.S. recessions, the targeting of liquidity injections by central banks during crises, and the financial strength and exposure of central banks pursuing unconventional policies.