Roger E. A. Farmer

University of California, Los Angeles (UCLA) - Department of Economics

Bunche Hall 8283

P.O. Box 951477

Los Angeles, CA 90095-1477

United States

University of Warwick

Professor

Coventry CV4 7AL

United Kingdom

http://Rogerfarmer.com

National Institute of Economic and Social Research (NIESR)

Research Director

2 Dean Trench Street

Smith Square

London, SW1P 3HE

United Kingdom

http://NIESR.ac.uk

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

54

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2,519

CITATIONS
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252

Scholarly Papers (54)

1.

On the Indeterminacy of New-Keynesian Economics

ECB Working Paper No. 323
Number of pages: 51 Posted: 16 May 2004
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 239 (127,172)
Citation 1

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Identification, indeterminacy, transparency, new-Keynesian model

Identifying the Monetary Transmission Mechanism Using Structural Breaks

ECB Working Paper No. 275
Number of pages: 50 Posted: 26 Jan 2004
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 170 (174,939)

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Fed, Monetary transmission, identification, structural breaks, recoverable structure

Identifying the Monetary Transmission Mechanism Using Structural Breaks

CEPR Discussion Paper No. 4106
Number of pages: 44 Posted: 16 Dec 2003
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 15 (569,377)
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Fed, monetary transmission, identification, structural breaks, recoverable structure

3.

Factor Analysis in a New-Keynesian Model

ECB Working Paper No. 510
Number of pages: 54 Posted: 25 Aug 2005
European Central Bank (ECB), University of California, Los Angeles (UCLA) - Department of Economics, European Central Bank (ECB) and European University Institute
Downloads 168 (176,653)

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New-Keynesian Phillips curve, forward looking output equation, Taylor rule, rational expectations, factor analysis, determinacy of equilibrium.

The Natural Rate Hypothesis: An Idea Past its Sell-By Date

NBER Working Paper No. w19267
Number of pages: 15 Posted: 01 Aug 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 77 (313,497)

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The Natural Rate Hypothesis: An Idea Past its Sell-By Date

Bank of England Quarterly Bulletin 2013 Q3
Number of pages: 13 Posted: 18 Sep 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 39 (435,254)
Citation 1

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The Natural Rate Hypothesis: An Idea Past its Sell-by-Date

CEPR Discussion Paper No. DP9580
Number of pages: 16 Posted: 08 Aug 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 1 (680,866)
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inflation, natural rate hypothesis, unemployment

5.

Natural Rate Doubts

ECB Working Paper No. 121
Number of pages: 48 Posted: 14 Jan 2003
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 108 (250,031)
Citation 2

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Natural Rate, Phillips Curve, Real Interest Rate, Cointegration

On the Indeterminacy of Determinacy and Indeterminacy

ECB Working Paper No. 277
Number of pages: 24 Posted: 17 Feb 2004
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 87 (290,767)

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Identification, indeterminacy

On the Indeterminacy of Determinacy and Indeterminacy

CEPR Discussion Paper No. 4101
Number of pages: 16 Posted: 11 Dec 2003
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 18 (549,910)
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Identification, indeterminacy

Indeterminacy in a Forward-Looking Regime-Switching Model

FRB of Atlanta Working Paper No. 2006-19
Number of pages: 16 Posted: 26 Nov 2006
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 53 (382,455)

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policy rule, inflation, serial dependence, multiple equilibria, regime switching

Indeterminacy in a Forward Looking Regime Switching Model

NBER Working Paper No. w12540
Number of pages: 16 Posted: 02 Oct 2006 Last Revised: 31 Dec 2006
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 19 (543,499)

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Indeterminacy in a Forward Looking Regime Switching Model

CEPR Discussion Paper No. 5919
Number of pages: 18 Posted: 29 Dec 2006
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 14 (576,143)
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Indeterminacy, regime switching, Taylor Principle

8.

A Method to Generate Structural Impulse-Responses for Measuring the Effects of Shocks in Structural Macro Models

ECB Working Paper No. 586
Number of pages: 46 Posted: 10 Feb 2006
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 82 (299,077)

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Identification, indeterminacy, rational expectations models.

9.

2013 John Flemming Memorial Lecture: Qualitative Easing – A New Tool for the Stabilisation of Financial Markets

Bank of England Quarterly Bulletin, 2013 Q4
Number of pages: 9 Posted: 16 Jan 2014 Last Revised: 09 Jul 2014
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 81 (301,218)

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Understanding the New Keynesian Model When Monetary Policy Switches Regimes

FRB Atlanta Working Paper No. 2007-12
Number of pages: 24 Posted: 27 Dec 2007
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 53 (382,455)

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active and passive regimes, indeterminacy, cross-regime spillovers, conditioning, expectations formation, inflation hawk, inflation dove

Understanding the New-Keynesian Model When Monetary Policy Switches Regimes

NBER Working Paper No. w12965
Number of pages: 24 Posted: 15 Mar 2007 Last Revised: 30 Mar 2007
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 25 (505,435)

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11.
Downloads 76 (312,747)
Citation 20

Confidence, Crashes and Animal Spirits

NBER Working Paper No. w14846
Number of pages: 31 Posted: 07 Apr 2009 Last Revised: 27 Jul 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 76 (315,941)

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Confidence, Crashes and Animal Spirits

The Economic Journal, Vol. 122, Issue 559, pp. 155-172, 2012
Number of pages: 18 Posted: 06 Mar 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 0
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12.
Downloads 75 (315,121)
Citation 4

The Evolution of Endogenous Business Cycles

HKIMR Working Paper No.30/2012
Number of pages: 27 Posted: 22 Dec 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 55 (375,731)

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The Evolution of Endogenous Business Cycles

NBER Working Paper No. w18284
Number of pages: 32 Posted: 10 Aug 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 18 (549,910)

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The Evolution of Endogenous Business Cycles

CEPR Discussion Paper No. DP9080
Number of pages: 35 Posted: 28 Sep 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 2 (666,459)
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indeterminacy, self-fulfilling propcheices, sunspots, unemployment

13.

Minimal State Variable Solutions to Markov-Switching Rational Expectations Models

FRB of Atlanta Working Paper No. 2008-23
Number of pages: 30 Posted: 13 Nov 2008
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 72 (322,417)
Citation 19

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regime switching, volatility, rational expectations

14.

Generalizing the Taylor Principle: Comment

Federal Reserve Bank of Atlanta Working Paper 2008-19
Number of pages: 14 Posted: 16 Nov 2008
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 67 (335,377)
Citation 3

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bounded solutions, multiple fundamental equilibria, historical dependence

15.
Downloads 66 (338,062)
Citation 18

Solving and Estimating Indeterminate DSGE Models

IMF Working Paper No. 13/200
Number of pages: 31 Posted: 28 Oct 2013
Roger E. A. Farmer and Vadim Khramov
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF)
Downloads 46 (407,378)
Citation 4

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Economic models, Monetary policy, Indeterminacy, DSGE Models

Solving and Estimating Indeterminate DSGE Models

NBER Working Paper No. w19457
Number of pages: 50 Posted: 20 Sep 2013
Roger E. A. Farmer, Vadim Khramov and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of Economics, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 20 (537,000)

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Solving and Estimating Indeterminate DSGE Models

CEPR Discussion Paper No. DP9663
Number of pages: 30 Posted: 24 Sep 2013
Roger E. A. Farmer and Vadim Khramov
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF)
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Citation 3
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Bayesian estimation, Dynare, indeterminacy

The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence

NBER Working Paper No. w17479
Number of pages: 37 Posted: 06 Oct 2011
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 63 (350,764)

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The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence

CEPR Discussion Paper No. DP8617
Number of pages: 34 Posted: 01 Nov 2011
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 2 (666,459)
Citation 1
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stock market, unemployment

Does Fiscal Policy Matter? Blinder and Solow Revisited

NBER Working Paper No. w16644
Number of pages: 32 Posted: 27 Dec 2010
Roger E. A. Farmer and Dmitry Plotnikov
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 58 (365,912)

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Does Fiscal Policy Matter? Blinder and Solow Revisited

CEPR Discussion Paper No. DP8189
Number of pages: 33 Posted: 18 Jan 2011
Roger E. A. Farmer and Dmitry Plotnikov
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 3 (655,294)
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crowding out, fiscal policy

18.
Downloads 54 (373,263)
Citation 1

Shooting the Auctioneer

NBER Working Paper No. w12584
Number of pages: 34 Posted: 17 Oct 2006 Last Revised: 21 Feb 2007
Roger E. A. Farmer and Andrew Hollenhorst
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 33 (462,020)

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Shooting the Auctioneer

CEPR Discussion Paper No. 4825
Number of pages: 35 Posted: 13 Apr 2005
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 21 (530,628)
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Understanding Markov-Switching Rational Expectations Models

NBER Working Paper No. w14710
Number of pages: 27 Posted: 17 Feb 2009 Last Revised: 05 Jul 2014
Roger E. A. Farmer, Tao A. Zha and Daniel F. Waggoner
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 37 (444,043)

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Understanding Markov-Switching Rational Expectations Models

FRB Atlanta Working Paper 2009-5
Number of pages: 26 Posted: 17 Mar 2015
Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 15 (569,377)
Citation 1

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stability, nonlinearity, unique equilibrium, cross-regime indeterminacy, expectations formation, necessary and sufficient conditions

20.

Aggregate Demand and Supply

NBER Working Paper No. w13406
Number of pages: 23 Posted: 18 Sep 2007 Last Revised: 20 Aug 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 45 (403,525)
Citation 1

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Animal Spirits, Persistent Unemployment and the Belief Function

NBER Working Paper No. w16522
Number of pages: 40 Posted: 14 Nov 2010 Last Revised: 15 Nov 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 40 (430,998)

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Animal Spirits, Persistent Unemployment and the Belief Function

CEPR Discussion Paper No. DP8100
Number of pages: 39 Posted: 29 Nov 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 3 (655,294)
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animal spirits, inflation, unemployment

22.
Downloads 42 (414,507)
Citation 3

Economic Growth in an Interdependent World Economy

CEPR Discussion Paper No. 3250
Number of pages: 51 Posted: 09 Apr 2002
Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 27 (493,513)
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Endogenous growth, interdependent world economy

Economic Growth in an Interdependent World Economy

Economic Journal, Vol. 116, No. 514, pp. 969-990, October 2006
Number of pages: 22 Posted: 13 Oct 2006
Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 15 (569,377)
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23.
Downloads 41 (418,273)
Citation 3

The Theory of Unconventional Monetary Policy

Bank of England Working Paper No. 613
Number of pages: 29 Posted: 07 Sep 2016
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and Bank of England
Downloads 30 (477,136)
Citation 1

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Unconventional monetary policy, qualitative easing, central bank balance sheet, portfolio balance effects

The Theory of Unconventional Monetary Policy

NBER Working Paper No. w22135
Number of pages: 34 Posted: 04 Apr 2016
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund MCMMP
Downloads 11 (596,533)

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The Theory of Unconventional Monetary Policy

CEPR Discussion Paper No. DP11196
Number of pages: 31 Posted: 18 Apr 2016
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund MCMMP
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Qualitative Easing, Sunspots, Unconventional Monetary Policy

Animal Spirits, Financial Crises and Persistent Unemployment

NBER Working Paper No. w17137
Number of pages: 39 Posted: 20 Jun 2011
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 37 (444,043)
Citation 1

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Animal Spirits, Rational Bubbles and Unemployment in an Old-Keynesian Model

CEPR Discussion Paper No. DP8439
Number of pages: 41 Posted: 25 Jun 2011
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 3 (655,294)
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animal spirits, old-Keynesian, rational bubbles, unemployment

The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence

NBER Working Paper No. w18007
Number of pages: 23 Posted: 21 Apr 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 33 (462,020)

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The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence

CEPR Discussion Paper No. DP8956
Number of pages: 22 Posted: 25 May 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 6 (631,457)
Citation 1
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inflation, interest rates, unconventional monetary policy, zero lower bound

The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World

NBER Working Paper No. w18647
Number of pages: 41 Posted: 22 Dec 2012
Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of Economics, University of Angers - Research Group in Quantitative Saving (GREQAM) and National Center for Scientific Research (CNRS) - Ecole des Hautes Etudes en Sciences Sociales (EHESS)
Downloads 28 (487,874)

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The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World

CEPR Discussion Paper No. DP9283
Number of pages: 50 Posted: 01 Feb 2013
Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of Economics, University of Angers - Research Group in Quantitative Saving (GREQAM) and National Center for Scientific Research (CNRS) - Ecole des Hautes Etudes en Sciences Sociales (EHESS)
Downloads 9 (610,376)
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asset pricing, efficient markets, excess volatility

The Stock Market Crash Really Did Cause the Great Recession

NBER Working Paper No. w19391
Number of pages: 27 Posted: 30 Aug 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 30 (477,136)

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The Stock Market Crash Really Did Cause the Great Recession

CEPR Discussion Paper No. DP9630
Number of pages: 14 Posted: 09 Sep 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 1 (680,866)
Citation 1
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stock market, unemployment

The Stock Market Crash Really Did Cause the Great Recession

Oxford Bulletin of Economics and Statistics, Vol. 77, Issue 5, pp. 617-633, 2015
Number of pages: 17 Posted: 08 Sep 2015
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 1 (680,866)
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28.

Fiscal Policy Can Reduce Unemployment: But There is a Less Costly and More Effective Alternative

NBER Working Paper No. w15021
Number of pages: 41 Posted: 01 Jun 2009 Last Revised: 19 Jul 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 30 (464,891)

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Post Keynesian Dynamic Stochastic General Equilibrium Theory

NBER Working Paper No. w23109
Number of pages: 18 Posted: 30 Jan 2017
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 29 (482,379)

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Post Keynesian Dynamic Stochastic General Equilibrium Theory

CEPR Discussion Paper No. DP11807
Number of pages: 19 Posted: 30 Jan 2017
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Dynamic Stochastic General Equilibrium Theory, Post Keynesian Economics

Factor Analysis in a Model with Rational Expectations

NBER Working Paper No. w13404
Number of pages: 30 Posted: 14 Sep 2007 Last Revised: 18 Aug 2010
European Central Bank (ECB), University of California, Los Angeles (UCLA) - Department of Economics, European Central Bank (ECB) and European University Institute
Downloads 25 (505,435)

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Factor Analysis in a Model with Rational Expectations

Econometrics Journal, Vol. 11, Issue 2, pp. 271-286, July 2008
Number of pages: 16 Posted: 14 Jul 2008
European Central Bank (ECB), University of California, Los Angeles (UCLA) - Department of Economics, European Central Bank (ECB) and European University Institute
Downloads 3 (655,294)
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31.

What We Don't Know About the Monetary Transmission Mechanism and Why We Don't Know it

CEPR Discussion Paper No. 4811
Number of pages: 22 Posted: 08 Apr 2005
Andreas Beyer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 24 (496,187)
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Benhabib-Farmer model, new-Keynesian model, indeterminacy, identification

32.

Recursive Preferences and Balanced Growth

CEPR Discussion Paper No. 3949
Number of pages: 32 Posted: 19 Aug 2003
Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 24 (496,187)
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Recursive utility, balanced growth, endogenous income distribution

33.

Business Cycles with Heterogenous Agents

CEPR Discussion Paper No. 3154
Number of pages: 31 Posted: 05 Feb 2002
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 22 (507,490)
Citation 1
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Business cycles, dynamic general equilibrium theory, overlapping generations

34.

Ail Theory and the Ailing Phillips Curve: a Contract Based Approach to Aggregate Supply

NBER Working Paper No. w3115
Number of pages: 43 Posted: 21 Feb 2001 Last Revised: 13 Jul 2010
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 22 (507,490)

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35.
Downloads 21 (513,320)
Citation 3

Qualitative Easing: How it Works and Why it Matters

NBER Working Paper No. w18421
Number of pages: 32 Posted: 29 Sep 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 14 (576,143)

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Qualitative Easing: How it Works and Why it Matters

CEPR Discussion Paper No. DP9153
Number of pages: 33 Posted: 02 Oct 2012
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 7 (624,290)
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fiscal policy, monetary policy, qualitative easing

36.
Downloads 20 (519,084)

Asset Prices in a Lifecycle Economy

NBER Working Paper No. w19958
Number of pages: 34 Posted: 10 Mar 2014
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 20 (537,000)

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Asset Prices in a Lifecycle Economy

CEPR Discussion Paper No. DP9897
Number of pages: 35 Posted: 02 Jun 2014
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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asset prices, equity premium puzzle, excess volatility puzzle

37.

A Two-Country Model of Endogenous Growth

CEPR Discussion Paper No. 3245
Number of pages: 33 Posted: 04 Apr 2002
Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 18 (530,762)
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Endogenous growth, open economy

Some International Evidence for Keynesian Economics Without the Phillips Curve

NBER Working Paper No. w25743
Number of pages: 24 Posted: 15 Apr 2019
Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 10 (603,411)
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Some International Evidence for Keynesian Economics Without the Phillips Curve

FEDS Working Paper No. 2019-032
Number of pages: 24 Posted: 25 Jul 2019
Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 6 (631,457)

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Bayesian Methods, General Equilibrium, Indeterminancy, International Business Cycles, Keynes, Monetary policy, Phillips Curve

Some International Evidence for Keynesian Economics Without the Phillips Curve

CEPR Discussion Paper No. DP13655
Number of pages: 25 Posted: 09 Apr 2019 Last Revised: 10 Jun 2019
Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 1 (680,866)
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belief function, Indeterminacy, Keynesian economics, Phillips curve

39.
Downloads 15 (548,258)
Citation 5

Keynesian Economics Without the Phillips Curve

NBER Working Paper No. w23837
Number of pages: 29 Posted: 18 Sep 2017
Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 13 (582,718)

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Keynesian Economics Without the Phillips Curve

CEPR Discussion Paper No. DP12298
Number of pages: 30 Posted: 20 Sep 2017
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Indeterminacy, Keynesian economics, money

40.

The End of Alchemy: a Review Essay

NBER Working Paper No. w23156
Number of pages: 26 Posted: 13 Feb 2017 Last Revised: 21 Feb 2017
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 15 (548,258)

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Global Sunspots and Asset Prices in a Monetary Economy

NBER Working Paper No. w20831
Number of pages: 53 Posted: 12 Jan 2015
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 15 (569,377)

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Global Sunspots and Asset Prices in a Monetary Economy

CEPR Discussion Paper No. DP10402
Number of pages: 54 Posted: 10 Feb 2015
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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asset prices, sunspots

42.

Debt, Deficits and Finite Horizons: The Stochastic Case

NBER Working Paper No. w15025
Number of pages: 21 Posted: 03 Jun 2009 Last Revised: 23 Jan 2013
Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of Economics, University of Angers - Research Group in Quantitative Saving (GREQAM) and National Center for Scientific Research (CNRS) - Ecole des Hautes Etudes en Sciences Sociales (EHESS)
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Citation 4

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Pricing Assets in an Economy with Two Types of People

NBER Working Paper No. w22228
Number of pages: 37 Posted: 09 May 2016
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Pricing Assets in an Economy with Two Types of People

CEPR Discussion Paper No. DP11253
Number of pages: 38 Posted: 04 May 2016
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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44.
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Citation 1

The Indeterminacy Agenda in Macroeconomics

NBER Working Paper No. w25879
Number of pages: 46 Posted: 28 May 2019
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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The Indeterminacy Agenda in Macroeconomics

CEPR Discussion Paper No. DP13745
Number of pages: 49 Posted: 30 May 2019
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Indeterminacy, Macroeconomics

45.
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The Role of Financial Policy

NBER Working Paper No. w24498
Number of pages: 17 Posted: 12 Apr 2018
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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The Role of Financial Policy

CEPR Discussion Paper No. DP12825
Number of pages: 19 Posted: 05 Apr 2018
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Keynesian economics, Monetarism, Natural rate of unemployment

46.
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Citation 2

The Household Fallacy

NBER Working Paper No. w24393
Number of pages: 19 Posted: 12 Mar 2018
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and Bank of England
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The Household Fallacy

CEPR Discussion Paper No. DP12770
Number of pages: 20 Posted: 06 Mar 2018
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund MCMMP
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47.
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Citation 5

Animal Spirits in a Monetary Model

NBER Working Paper No. w22136
Number of pages: 28 Posted: 04 Apr 2016
Roger E. A. Farmer and Konstantin Platonov
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA)
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Animal Spirits in a Monetary Model

CEPR Discussion Paper No. DP11197
Number of pages: 23 Posted: 18 Apr 2016
Roger E. A. Farmer and Konstantin Platonov
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA)
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animal spirits, belief function, Keynesian economics, Unemployment

48.

Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative

CEPR Discussion Paper No. DP7526
Number of pages: 42 Posted: 17 Nov 2009
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Financial crisis, Fiscal policy, Unemployment

49.

Financial Stability and the Role of the Financial Policy Committee

The Manchester School, Vol. 82, pp. 35-43, 2014
Number of pages: 9 Posted: 22 Aug 2014
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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The Fiscal Theory of the Price Level in Overlapping Generations Models

CEPR Discussion Paper No. DP13432
Number of pages: 38 Posted: 11 Jan 2019
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF)
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FTPL, Indeterminacy, Monetary and Fiscal Policy, monetary policy, OLG model

The Fiscal Theory of the Price Level in Overlapping Generations Models

NBER Working Paper No. w25445
Number of pages: 37 Posted: 15 Jan 2019
Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF)
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51.
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Citation 3

Pricing Assets in a Perpetual Youth Model

NBER Working Paper No. w24261
Number of pages: 37 Posted: 30 Jan 2018
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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Pricing Assets in a Perpetual Youth Model

CEPR Discussion Paper No. DP12643
Number of pages: 38 Posted: 29 Jan 2018
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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52.

Animal Spirits, Financial Crises and Persistent Unemployment

The Economic Journal, Vol. 123, Issue 568, pp. 317-340, 2013
Number of pages: 24 Posted: 28 Apr 2013
Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of Economics
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53.

Indeterminacy and Sector-Specific Externalities

CEPR Discussion Paper Series 1403
Posted: 06 Jan 1997
Jess Benhabib and Roger E. A. Farmer
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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54.

The Monetary Transmission Mechanism

CEPR Discussion Paper Series No. 1404
Posted: 16 Dec 1996
Jess Benhabib and Roger E. A. Farmer
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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