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

56

DOWNLOADS
Rank 22,814

SSRN RANKINGS

Top 22,814

in Total Papers Downloads

2,916

SSRN CITATIONS
Rank 2,394

SSRN RANKINGS

Top 2,394

in Total Papers Citations

252

CROSSREF CITATIONS

299

Scholarly Papers (56)

1.

On the Indeterminacy of New-Keynesian Economics

Number of pages: 51 Posted: 16 May 2004
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 259 (154,573)
Citation 1

Abstract:

Loading...

Identification, indeterminacy, transparency, new-Keynesian model

Identifying the Monetary Transmission Mechanism Using Structural Breaks

Number of pages: 50 Posted: 26 Jan 2004
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 178 (218,534)

Abstract:

Loading...

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

Identifying the Monetary Transmission Mechanism Using Structural Breaks

Number of pages: 44 Posted: 16 Dec 2003
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 15 (721,066)
  • Add to Cart

Abstract:

Loading...

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
Andreas Beyer, Roger E. A. Farmer, Roger E. A. Farmer, Jerome Henry and Massimiliano Giuseppe Marcellino
European Central Bank (ECB), University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, European Central Bank (ECB) and Bocconi University - Department of Economics
Downloads 180 (216,389)

Abstract:

Loading...

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 Last Revised: 25 Aug 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 110 (320,066)
Citation 1

Abstract:

Loading...

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 and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 45 (524,955)
Citation 1

Abstract:

Loading...

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

Number of pages: 16 Posted: 08 Aug 2013
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 1 (850,182)
  • Add to Cart

Abstract:

Loading...

inflation, natural rate hypothesis, unemployment

5.

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 and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 125 (290,633)

Abstract:

Loading...

On the Indeterminacy of Determinacy and Indeterminacy

Number of pages: 24 Posted: 17 Feb 2004
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 102 (337,201)

Abstract:

Loading...

Identification, indeterminacy

On the Indeterminacy of Determinacy and Indeterminacy

Number of pages: 16 Posted: 11 Dec 2003
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 18 (696,629)
  • Add to Cart

Abstract:

Loading...

Identification, indeterminacy

7.

Natural Rate Doubts

Number of pages: 48 Posted: 14 Jan 2003
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 114 (310,387)
Citation 5

Abstract:

Loading...

Natural Rate, Phillips Curve, Real Interest Rate, Cointegration

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, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 56 (476,375)
Citation 2

Abstract:

Loading...

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: 08 Oct 2021
Roger E. A. Farmer, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 19 (688,665)

Abstract:

Loading...

Indeterminacy in a Forward Looking Regime Switching Model

Number of pages: 18 Posted: 29 Dec 2006
Roger E. A. Farmer, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 14 (729,668)
  • Add to Cart

Abstract:

Loading...

Indeterminacy, regime switching, Taylor Principle

9.

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, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 86 (373,066)

Abstract:

Loading...

Identification, indeterminacy, rational expectations models.

10.

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, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 83 (381,130)
Citation 53

Abstract:

Loading...

regime switching, volatility, rational expectations

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, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 56 (476,375)

Abstract:

Loading...

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: 06 Jun 2021
Roger E. A. Farmer, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 26 (635,155)

Abstract:

Loading...

12.

Confidence, Crashes and Animal Spirits

NBER Working Paper No. w14846
Number of pages: 31 Posted: 07 Apr 2009 Last Revised: 24 Jan 2022
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 81 (386,675)
Citation 1

Abstract:

Loading...

13.
Downloads 79 (392,300)
Citation 7

The Evolution of Endogenous Business Cycles

HKIMR Working Paper No.30/2012
Number of pages: 27 Posted: 22 Dec 2012
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 57 (472,448)

Abstract:

Loading...

The Evolution of Endogenous Business Cycles

NBER Working Paper No. w18284
Number of pages: 32 Posted: 10 Aug 2012 Last Revised: 18 Dec 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 20 (680,712)
Citation 2

Abstract:

Loading...

The Evolution of Endogenous Business Cycles

Number of pages: 35 Posted: 28 Sep 2012
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 2 (836,504)
Citation 2
  • Add to Cart

Abstract:

Loading...

indeterminacy, self-fulfilling propcheices, sunspots, unemployment

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 Last Revised: 06 Oct 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 76 (405,487)

Abstract:

Loading...

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

Number of pages: 34 Posted: 01 Nov 2011
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 2 (836,504)
Citation 4
  • Add to Cart

Abstract:

Loading...

stock market, unemployment

15.
Downloads 72 (413,256)
Citation 25

Solving and Estimating Indeterminate DSGE Models

Number of pages: 31 Posted: 28 Oct 2013
Roger E. A. Farmer, Roger E. A. Farmer and Vadim Khramov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund (IMF)
Downloads 49 (506,203)
Citation 10

Abstract:

Loading...

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 Last Revised: 01 Sep 2021
Roger E. A. Farmer, Roger E. A. Farmer, Vadim Khramov and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 23 (657,461)
Citation 9

Abstract:

Loading...

Solving and Estimating Indeterminate DSGE Models

Number of pages: 30 Posted: 24 Sep 2013
Roger E. A. Farmer, Roger E. A. Farmer and Vadim Khramov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund (IMF)
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

Bayesian estimation, Dynare, indeterminacy

16.

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, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 72 (413,256)
Citation 7

Abstract:

Loading...

bounded solutions, multiple fundamental equilibria, historical dependence

Does Fiscal Policy Matter? Blinder and Solow Revisited

NBER Working Paper No. w16644
Number of pages: 32 Posted: 27 Dec 2010 Last Revised: 25 Dec 2021
Roger E. A. Farmer, Roger E. A. Farmer and Dmitry Plotnikov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 63 (449,354)

Abstract:

Loading...

Does Fiscal Policy Matter? Blinder and Solow Revisited

Number of pages: 33 Posted: 18 Jan 2011
Roger E. A. Farmer, Roger E. A. Farmer and Dmitry Plotnikov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 3 (825,556)
  • Add to Cart

Abstract:

Loading...

crowding out, fiscal policy

18.
Downloads 61 (450,252)
Citation 2

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, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Bank of England
Downloads 46 (520,181)

Abstract:

Loading...

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 Last Revised: 26 Dec 2021
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund MCMMP
Downloads 15 (721,066)

Abstract:

Loading...

The Theory of Unconventional Monetary Policy

Number of pages: 31 Posted: 18 Apr 2016
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund MCMMP
Downloads 0
  • Add to Cart

Abstract:

Loading...

Qualitative Easing, Sunspots, Unconventional Monetary Policy

Understanding Markov-Switching Rational Expectations Models

NBER Working Paper No. w14710
Number of pages: 27 Posted: 17 Feb 2009 Last Revised: 12 Sep 2021
Roger E. A. Farmer, Roger E. A. Farmer, Tao A. Zha and Daniel F. Waggoner
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 42 (539,852)
Citation 3

Abstract:

Loading...

Understanding Markov-Switching Rational Expectations Models

FRB Atlanta Working Paper 2009-5
Number of pages: 26 Posted: 17 Mar 2015
Roger E. A. Farmer, Roger E. A. Farmer, Daniel F. Waggoner and Tao A. Zha
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Atlanta
Downloads 18 (696,629)
Citation 11

Abstract:

Loading...

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

20.
Downloads 60 (453,839)
Citation 1

Shooting the Auctioneer

NBER Working Paper No. w12584
Number of pages: 34 Posted: 17 Oct 2006 Last Revised: 21 Nov 2021
Roger E. A. Farmer, Roger E. A. Farmer and Andrew Hollenhorst
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 39 (555,457)

Abstract:

Loading...

Shooting the Auctioneer

Number of pages: 35 Posted: 13 Apr 2005
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 21 (672,880)
  • Add to Cart

Abstract:

Loading...

21.

Aggregate Demand and Supply

NBER Working Paper No. w13406
Number of pages: 23 Posted: 18 Sep 2007 Last Revised: 20 Aug 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 57 (465,183)
Citation 1

Abstract:

Loading...

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 Last Revised: 15 Dec 2021
Roger E. A. Farmer, Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, 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 46 (520,181)

Abstract:

Loading...

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

Number of pages: 50 Posted: 01 Feb 2013
Roger E. A. Farmer, Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, 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 (772,887)
  • Add to Cart

Abstract:

Loading...

asset pricing, efficient markets, excess volatility

Animal Spirits, Persistent Unemployment and the Belief Function

NBER Working Paper No. w16522
Number of pages: 40 Posted: 14 Nov 2010 Last Revised: 25 Aug 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 44 (529,830)

Abstract:

Loading...

Animal Spirits, Persistent Unemployment and the Belief Function

Number of pages: 39 Posted: 29 Nov 2010
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 3 (825,556)
Citation 3
  • Add to Cart

Abstract:

Loading...

animal spirits, inflation, 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 Last Revised: 15 Sep 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 39 (555,457)

Abstract:

Loading...

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

Number of pages: 22 Posted: 25 May 2012
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 6 (799,090)
Citation 2
  • Add to Cart

Abstract:

Loading...

inflation, interest rates, unconventional monetary policy, zero lower bound

Animal Spirits, Financial Crises and Persistent Unemployment

NBER Working Paper No. w17137
Number of pages: 39 Posted: 20 Jun 2011 Last Revised: 30 Oct 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 42 (539,852)
Citation 4

Abstract:

Loading...

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

Number of pages: 41 Posted: 25 Jun 2011
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 3 (825,556)
  • Add to Cart

Abstract:

Loading...

animal spirits, old-Keynesian, rational bubbles, unemployment

Some International Evidence for Keynesian Economics Without the Phillips Curve

FEDS Working Paper No. 2019-032
Number of pages: 24 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Roger E. A. Farmer, Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Board of Governors of the Federal Reserve System
Downloads 30 (607,777)

Abstract:

Loading...

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

Some International Evidence for Keynesian Economics Without the Phillips Curve

NBER Working Paper No. w25743
Number of pages: 24 Posted: 15 Apr 2019 Last Revised: 05 Nov 2021
Roger E. A. Farmer, Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Board of Governors of the Federal Reserve System
Downloads 12 (746,987)

Abstract:

Loading...

Some International Evidence for Keynesian Economics Without the Phillips Curve

Number of pages: 25 Posted: 09 Apr 2019 Last Revised: 10 Jun 2019
Roger E. A. Farmer, Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Board of Governors of the Federal Reserve System
Downloads 1 (850,182)
Citation 1
  • Add to Cart

Abstract:

Loading...

belief function, Indeterminacy, Keynesian economics, Phillips curve

The Stock Market Crash Really Did Cause the Great Recession

NBER Working Paper No. w19391
Number of pages: 27 Posted: 30 Aug 2013 Last Revised: 27 Jun 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 38 (560,761)
Citation 1

Abstract:

Loading...

The Stock Market Crash Really Did Cause the Great Recession

Number of pages: 14 Posted: 09 Sep 2013
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 1 (850,182)
Citation 1
  • Add to Cart

Abstract:

Loading...

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 and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 1 (850,182)
  • Add to Cart

Abstract:

Loading...

Post Keynesian Dynamic Stochastic General Equilibrium Theory

NBER Working Paper No. w23109
Number of pages: 18 Posted: 30 Jan 2017 Last Revised: 23 Aug 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 39 (555,457)

Abstract:

Loading...

Post Keynesian Dynamic Stochastic General Equilibrium Theory

Number of pages: 19 Posted: 30 Jan 2017
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
  • Add to Cart

Abstract:

Loading...

Dynamic Stochastic General Equilibrium Theory, Post Keynesian Economics

29.

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 and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 32 (580,432)

Abstract:

Loading...

Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality

Number of pages: 36 Posted: 19 Feb 2021
Jean-Philippe Bouchaud, Roger E. A. Farmer and Roger E. A. Farmer
Capital Fund Management and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 29 (614,368)
Citation 1

Abstract:

Loading...

Self-Fulfilling Prophecies, Wealth Inequalities, Non-Ergodicity

Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality

Number of pages: 48 Posted: 23 Dec 2020 Last Revised: 09 Nov 2021
Roger E. A. Farmer, Roger E. A. Farmer and Jean-Philippe Bouchaud
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Université Paris VI Pierre et Marie Curie - College de France
Downloads 1 (850,182)
  • Add to Cart

Abstract:

Loading...

31.

Economic Growth in an Interdependent World Economy

Number of pages: 51 Posted: 09 Apr 2002
Roger E. A. Farmer, Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of British Columbia (UBC) - Department of Economics
Downloads 27 (610,677)
  • Add to Cart

Abstract:

Loading...

Endogenous growth, interdependent world economy

32.

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 2021
Andreas Beyer, Roger E. A. Farmer, Roger E. A. Farmer, Jerome Henry and Massimiliano Giuseppe Marcellino
European Central Bank (ECB), University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, European Central Bank (ECB) and Bocconi University - Department of Economics
Downloads 26 (617,235)

Abstract:

Loading...

33.
Downloads 24 (630,819)
Citation 3

Qualitative Easing: How it Works and Why it Matters

NBER Working Paper No. w18421
Number of pages: 32 Posted: 29 Sep 2012 Last Revised: 01 Nov 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 17 (704,688)

Abstract:

Loading...

Qualitative Easing: How it Works and Why it Matters

Number of pages: 33 Posted: 02 Oct 2012
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 7 (790,494)
  • Add to Cart

Abstract:

Loading...

fiscal policy, monetary policy, qualitative easing

34.

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

Number of pages: 22 Posted: 08 Apr 2005
Andreas Beyer, Roger E. A. Farmer and Roger E. A. Farmer
European Central Bank (ECB) and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 24 (630,819)
Citation 1
  • Add to Cart

Abstract:

Loading...

Benhabib-Farmer model, new-Keynesian model, indeterminacy, identification

35.

Recursive Preferences and Balanced Growth

Number of pages: 32 Posted: 19 Aug 2003
Roger E. A. Farmer, Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of British Columbia (UBC) - Department of Economics
Downloads 24 (630,819)
  • Add to Cart

Abstract:

Loading...

Recursive utility, balanced growth, endogenous income distribution

36.

The End of Alchemy: a Review Essay

NBER Working Paper No. w23156
Number of pages: 26 Posted: 13 Feb 2017 Last Revised: 10 Oct 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 23 (637,672)

Abstract:

Loading...

37.
Downloads 23 (637,672)

Asset Prices in a Lifecycle Economy

NBER Working Paper No. w19958
Number of pages: 34 Posted: 10 Mar 2014 Last Revised: 13 Jan 2022
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 23 (657,461)

Abstract:

Loading...

Asset Prices in a Lifecycle Economy

Number of pages: 35 Posted: 02 Jun 2014
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
  • Add to Cart

Abstract:

Loading...

asset prices, equity premium puzzle, excess volatility puzzle

38.

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: 06 Jan 2022
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 23 (637,672)

Abstract:

Loading...

39.

Business Cycles with Heterogenous Agents

Number of pages: 31 Posted: 05 Feb 2002
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 22 (644,793)
Citation 1
  • Add to Cart

Abstract:

Loading...

Business cycles, dynamic general equilibrium theory, overlapping generations

Global Sunspots and Asset Prices in a Monetary Economy

NBER Working Paper No. w20831
Number of pages: 53 Posted: 12 Jan 2015 Last Revised: 03 Dec 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 21 (672,880)
Citation 1

Abstract:

Loading...

Global Sunspots and Asset Prices in a Monetary Economy

Number of pages: 54 Posted: 10 Feb 2015
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
  • Add to Cart

Abstract:

Loading...

asset prices, sunspots

41.
Downloads 19 (666,187)
Citation 11

Keynesian Economics Without the Phillips Curve

NBER Working Paper No. w23837
Number of pages: 29 Posted: 18 Sep 2017 Last Revised: 20 Aug 2021
Roger E. A. Farmer, Roger E. A. Farmer and Giovanni Nicolò
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Board of Governors of the Federal Reserve System
Downloads 17 (704,688)
Citation 8

Abstract:

Loading...

Keynesian Economics Without the Phillips Curve

Number of pages: 30 Posted: 20 Sep 2017
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 2 (836,504)
  • Add to Cart

Abstract:

Loading...

Indeterminacy, Keynesian economics, money

42.

Debt, Deficits and Finite Horizons: The Stochastic Case

NBER Working Paper No. w15025
Number of pages: 21 Posted: 03 Jun 2009 Last Revised: 21 Jan 2022
Roger E. A. Farmer, Roger E. A. Farmer, Carine Nourry and Alain Venditti
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick, 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 19 (666,187)
Citation 4

Abstract:

Loading...

43.

A Two-Country Model of Endogenous Growth

Number of pages: 33 Posted: 04 Apr 2002
Roger E. A. Farmer, Roger E. A. Farmer and Amartya Lahiri
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of British Columbia (UBC) - Department of Economics
Downloads 18 (673,435)
  • Add to Cart

Abstract:

Loading...

Endogenous growth, open economy

44.
Downloads 13 (711,538)

The Role of Financial Policy

NBER Working Paper No. w24498
Number of pages: 17 Posted: 12 Apr 2018 Last Revised: 10 Dec 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 13 (738,301)

Abstract:

Loading...

The Role of Financial Policy

Number of pages: 19 Posted: 05 Apr 2018
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
  • Add to Cart

Abstract:

Loading...

Keynesian economics, Monetarism, Natural rate of unemployment

Pricing Assets in an Economy with Two Types of People

NBER Working Paper No. w22228
Number of pages: 37 Posted: 09 May 2016 Last Revised: 28 Mar 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 11 (755,519)

Abstract:

Loading...

Pricing Assets in an Economy with Two Types of People

Number of pages: 38 Posted: 04 May 2016
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 1 (850,182)
  • Add to Cart

Abstract:

Loading...

46.
Downloads 11 (727,354)
Citation 3

The Household Fallacy

NBER Working Paper No. w24393
Number of pages: 19 Posted: 12 Mar 2018 Last Revised: 27 Aug 2021
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Bank of England
Downloads 11 (755,519)

Abstract:

Loading...

The Household Fallacy

Number of pages: 20 Posted: 06 Mar 2018
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund MCMMP
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

The Indeterminacy School in Macroeconomics

NBER Working Paper No. w25879
Number of pages: 46 Posted: 28 May 2019 Last Revised: 18 Sep 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 8 (781,650)

Abstract:

Loading...

The Indeterminacy School in Macroeconomics

Number of pages: 48 Posted: 30 May 2019 Last Revised: 13 Jan 2020
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 2 (836,504)
  • Add to Cart

Abstract:

Loading...

Indeterminacy, Macroeconomics

48.
Downloads 10 (735,266)
Citation 7

Animal Spirits in a Monetary Model

NBER Working Paper No. w22136
Number of pages: 28 Posted: 04 Apr 2016 Last Revised: 27 Jun 2021
Roger E. A. Farmer, Roger E. A. Farmer and Konstantin Platonov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of California, Los Angeles (UCLA)
Downloads 10 (764,145)

Abstract:

Loading...

Animal Spirits in a Monetary Model

Number of pages: 23 Posted: 18 Apr 2016
Roger E. A. Farmer, Roger E. A. Farmer and Konstantin Platonov
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and University of California, Los Angeles (UCLA)
Downloads 0
Citation 4
  • Add to Cart

Abstract:

Loading...

animal spirits, belief function, Keynesian economics, Unemployment

The Importance of Beliefs in Shaping Macroeconomic Outcomes

NBER Working Paper No. w26557
Number of pages: 36 Posted: 16 Dec 2019 Last Revised: 18 Nov 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 5 (807,742)
  • Add to Cart

Abstract:

Loading...

The Importance of Beliefs in Shaping Macroeconomic Outcomes

Number of pages: 37 Posted: 17 Dec 2019 Last Revised: 16 Jun 2020
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

Fiscal policy, Keynesian economics, unemployment

50.

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

Number of pages: 42 Posted: 17 Nov 2009
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 4 (783,449)
  • Add to Cart

Abstract:

Loading...

Financial crisis, Fiscal policy, Unemployment

Monetary and Fiscal Policy When People Have Finite Lives

NBER Working Paper No. w25445
Number of pages: 44 Posted: 15 Jan 2019 Last Revised: 15 Jan 2022
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund MCMMP
Downloads 2 (836,504)
Citation 3

Abstract:

Loading...

A Requiem for the Fiscal Theory of the Price Level

Number of pages: 35 Posted: 11 Jan 2019 Last Revised: 04 Oct 2019
Roger E. A. Farmer, Roger E. A. Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and International Monetary Fund MCMMP
Downloads 1 (850,182)
  • Add to Cart

Abstract:

Loading...

FTPL, Indeterminacy, Monetary and Fiscal Policy, monetary policy, OLG model

52.

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 and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 3 (791,640)
  • Add to Cart

Abstract:

Loading...

53.
Downloads 2 (801,299)
Citation 9

Pricing Assets in a Perpetual Youth Model

NBER Working Paper No. w24261
Number of pages: 37 Posted: 30 Jan 2018 Last Revised: 17 Oct 2021
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 2 (836,504)

Abstract:

Loading...

Pricing Assets in a Perpetual Youth Model

Number of pages: 38 Posted: 29 Jan 2018
Roger E. A. Farmer and Roger E. A. Farmer
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick
Downloads 0
Citation 8
  • Add to Cart

Abstract:

Loading...

54.

Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality

NBER Working Paper No. w28261
Number of pages: 47 Posted: 20 Sep 2021 Last Revised: 18 Nov 2021
Roger E. A. Farmer, Roger E. A. Farmer and Jean-Philippe Bouchaud
University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick and Capital Fund Management
Downloads 1 (813,174)
  • Add to Cart

Abstract:

Loading...

55.

Indeterminacy and Sector-Specific Externalities

CEPR Discussion Paper Series 1403
Posted: 06 Jan 1997
Jess Benhabib, Roger E. A. Farmer 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 EconomicsUniversity of Warwick

Abstract:

Loading...

56.

The Monetary Transmission Mechanism

CEPR Discussion Paper Series No. 1404
Posted: 16 Dec 1996
Jess Benhabib, Roger E. A. Farmer 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 EconomicsUniversity of Warwick

Abstract:

Loading...