Ricardo Reis is one of the most respected inflation researchers in Europe. He explains where inflation is coming from, why prices just don’t want to go down right now and why even central bankers are sometimes powerless.
There are economists whose enthusiasm for their subject is immediately apparent. Ricardo Reis, 44, one of the most respected inflation researchers in Europe, sparkles with wit and speed when he thinks about the scourge of inflation in an interview with the SZ. He describes central bankers as “artists” who have made a few mistakes in recent years, partly because their mathematical forecasting models have failed. But these errors can be corrected.