Details about Roger E. A. Farmer

E-mail:
Homepage:	http://farmer.sscnet.ucla.edu/
Phone:	(310) 825-6547
Postal address:	UCLA Department of Economics 8283 Bunche Hall Box 951477 Los Angeles, CA 90095-1477 U.S.A.
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Department of Economics, University of California-Los Angeles (UCLA), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Roger E. A. Farmer.

Last updated 2012-05-03. Update your information in the RePEc Author Service.

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Working Papers

2012

1. The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

2. Animal Spirits, Financial Crises and Persistent Unemployment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (1)
3. Does Fiscal Policy Matter? Blinder and Solow Revisited
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3)
4. The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)

2010

5. Animal Spirits, Persistent Unemployment and the Belief Function
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (1)
6. MINIMAL STATE VARIABLE SOLUTIONS TO MARKOV-SWITCHING RATIONAL EXPECTATIONS MODELS
   Emory Economics, Department of Economics, Emory University (Atlanta)
   Also in Working Paper, Federal Reserve Bank of Atlanta (2008) View citations (22)

2009

7. Confidence, Crashes and Animal Spirits
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
8. Debt, Deficits and Finite Horizons: The Stochastic Case
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, HAL (2009)
   See also Journal Article in Economics Letters (2011)
9. Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
10. Fiscal Policy Can Reduce Unemployment: But There is a Less Costly and More Effective Alternative
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
11. Understanding Markov-Switching Rational Expectations Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (6)
    See also Journal Article in Journal of Economic Theory (2009)

2008

12. Generalizing the Taylor principle: comment
    Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    See also Journal Article in American Economic Review (2010)

2007

13. Aggregate Demand and Supply
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article in International Journal of Economic Theory (2008)
14. Factor Analysis in a Model with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article in Econometrics Journal (2008)
15. Indeterminacy in a forward-looking regime-switching model
    Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (11)
    See also Journal Article in International Journal of Economic Theory (2009)
16. Understanding the New Keynesian model when monetary policy switches regimes
    Working Paper, Federal Reserve Bank of Atlanta View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (2)

2006

17. A method to generate structural impulse-responses for measuring the effects of shocks in structural macro models
    Working Paper Series, European Central Bank View citations (1)
18. Assessing Changes in U.S. Monetary Policy in a Regime-Switching Rational Expectations Model
    2006 Meeting Papers, Society for Economic Dynamics
19. Identification Problems in SDGE Models with an illustration to a small Macro model
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (2)
20. Shooting the Auctioneer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (3)

2005

21. Factor Analysis in a New-Keynesian Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Working Paper Series, European Central Bank (2005) View citations (4)
22. Measuring the Effects of Real and Monetary Shocks in a Structural New-Keynesian Model
    Computing in Economics and Finance 2005, Society for Computational Economics

2004

23. On the Indeterminacy of New Keynesian Economics
    2004 Meeting Papers, Society for Economic Dynamics View citations (12)
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (31)
    Working Paper Series, European Central Bank (2004) View citations (27)
24. What We Don't Know About the Monetary Transmission Mechanism and Why We Don't Know It
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Macroeconomic Dynamics (2008)

2003

25. Identifying the Monetary Transmission Mechanism Using Structural Breaks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in Working Paper Series, European Central Bank (2003) View citations (15)
26. On the Indeterminacy of Determinacy and Indeterminacy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Working Paper Series, European Central Bank (2003) View citations (12)
27. Recursive Preferences and Balanced Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Journal of Economic Theory (2005)

2002

28. A Two-Country Model of Endogenous Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article in Review of Economic Dynamics (2005)
29. Business Cycles With Heterogenous Agents
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
30. Economic Growth in an Interdependent World Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article in Economic Journal (2006)
31. Natural rate doubts
    Working Paper Series, European Central Bank View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (2)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)

1999

32. Indeterminacy with Non-Separable Utility
    Economics Working Papers, European University Institute
    See also Journal Article in Journal of Economic Theory (2000)
33. The Monetary Transmission Mechanism
    Economics Working Papers, European University Institute
    Also in Levine's Working Paper Archive, David K. Levine (1998) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (1)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (9)
    See also Journal Article in Review of Economic Dynamics (2000)
34. Two New Keynesian Theories of Sticky Prices
    Economics Working Papers, European University Institute View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2000)

1997

35. Money in a Real Business Cycle Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1996) View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (1997)

1996

36. Indeterminacy and Sector-Specific Externalities
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (47)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (51)
    UCLA Economics Working Papers, UCLA Department of Economics (1994)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1995) View citations (29)
    See also Journal Article in Journal of Monetary Economics (1996)

1994

37. The Econometrics of Indeterminacy: An Applied Study
    UCLA Economics Working Papers, UCLA Department of Economics View citations (17)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)

1992

38. Indeterminacy and Increasing Returns
    UCLA Economics Working Papers, UCLA Department of Economics View citations (7)
    Also in Working Papers, Cambridge - Risk, Information & Quantity Signals (1991) View citations (4)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (32)
    See also Journal Article in Journal of Economic Theory (1994)
39. Real Business Cycles and the Animal Spirits Hypothesis
    UCLA Economics Working Papers, UCLA Department of Economics View citations (49)
    See also Journal Article in Journal of Economic Theory (1994)

1991

40. The Aggregate Effects of Monetary Externalities
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (4)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (4)
    UCLA Economics Working Papers, UCLA Department of Economics (1991) View citations (5)

1990

41. Dynasty: A Simple Stochastic Growth Model
    UCLA Economics Working Papers, UCLA Department of Economics
42. Sticky Prices
    UCLA Economics Working Papers, UCLA Department of Economics View citations (7)
    See also Journal Article in Economic Journal (1991)

1989

43. A.I.L. Theory and the Ailing PHillips Curve: A Contract Based Approach to Aggregate Supply
    UCLA Economics Working Papers, UCLA Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989)
    See also Chapter (1990)
    Journal Article in Proceedings (1989)
44. Rince Preferences
    UCLA Economics Working Papers, UCLA Department of Economics
    See also Journal Article in The Quarterly Journal of Economics (1990)
45. The Lucas Critique Policy Invariance and Multiple Equilibria
    UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
    See also Journal Article in Review of Economic Studies (1991)

1987

46. Closed-Form Solutions to Dynamic Stochastic Choice Problems
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (2)

Journal Articles

2011

1. Debt, deficits and finite horizons: The stochastic case
   Economics Letters, 2011, 111, (1), 47-49
   See also Working Paper (2009)

2010

2. Generalizing the Taylor Principle: Comment
   American Economic Review, 2010, 100, (1), 608-17 View citations (5)
   See also Working Paper (2008)
3. How to reduce unemployment: A new policy proposal
   Journal of Monetary Economics, 2010, 57, (5), 557-572 View citations (5)
4. MACROECONOMICS FOR THE 21ST CENTURY: FULL EMPLOYMENT AS A POLICY GOAL
   National Institute Economic Review, 2010, 211, (1), R45-R50

2009

5. Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism
   The Economic Record, 2009, 85, (270), 357-358 View citations (45)
6. Indeterminacy in a forward-looking regime switching model
   International Journal of Economic Theory, 2009, 5, (1), 69-84 View citations (1)
   See also Working Paper (2007)
7. Understanding Markov-switching rational expectations models
   Journal of Economic Theory, 2009, 144, (5), 1849-1867 View citations (11)
   See also Working Paper (2009)

2008

8. Aggregate demand and supply
   International Journal of Economic Theory, 2008, 4, (1), 77-93 View citations (5)
   See also Working Paper (2007)
9. Factor analysis in a model with rational expectations
   Econometrics Journal, 2008, 11, (2), 271-286 View citations (1)
   See also Working Paper (2007)
10. WHAT WE DON'T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON'T KNOW IT
    Macroeconomic Dynamics, 2008, 12, (S1), 60-74 View citations (2)
    See also Working Paper (2004)

2007

11. Natural rate doubts
    Journal of Economic Dynamics and Control, 2007, 31, (3), 797-825 View citations (20)
    See also Working Paper (2002)
12. Testing for Indeterminacy: An Application to U.S. Monetary Policy: Comment
    American Economic Review, 2007, 97, (1), 524-529 View citations (12)

2006

13. Economic Growth in an Interdependent World Economy
    Economic Journal, 2006, 116, (514), 969-990 View citations (3)
    See also Working Paper (2002)

2005

14. A Two-Country Model of Endogenous Growth
    Review of Economic Dynamics, 2005, 8, (1), 68-88 View citations (8)
    See also Working Paper (2002)
15. Recursive preferences and balanced growth
    Journal of Economic Theory, 2005, 125, (1), 61-77 View citations (6)
    See also Working Paper (2003)

2003

16. Arnold, L. G.: Business Cycle Theory
    Journal of Economics, 2003, 80, (3), 278-280

2002

17. Why Does Data Reject the Lucas Critique
    Annales d'Economie et de Statistique, 2002, (67-68), 111-129

2000

18. Analyzing Indeterminacies in a Real Business Cycle Model with Money: A Reply
    Journal of Money, Credit and Banking, 2000, 32, (2), 292-93
19. Indeterminacy with Non-separable Utility
    Journal of Economic Theory, 2000, 93, (1), 118-143 View citations (28)
    See also Working Paper (1999)
20. TWO NEW KEYNESIAN THEORIES OF STICKY PRICES
    Macroeconomic Dynamics, 2000, 4, (01), 74-107 View citations (5)
    See also Working Paper (1999)
21. The Monetary Transmission Mechanism
    Review of Economic Dynamics, 2000, 3, (3), 523-550 View citations (15)
    See also Working Paper (1999)

1997

22. Money in a Real Business Cycle Model
    Journal of Money, Credit and Banking, 1997, 29, (4), 568-611 View citations (17)
    Also in Proceedings, 1997, (Nov), 568-623 (1997) View citations (17)
    See also Working Paper (1997)
23. SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE
    Macroeconomic Dynamics, 1997, 1, (04), 740-769 View citations (22)

1996

24. A theory of business cycles
    Finnish Economic Papers, 1996, 9, (2), 91-109
25. Indeterminacy and sector-specific externalities
    Journal of Monetary Economics, 1996, 37, (3), 421-443 View citations (53)
    See also Working Paper (1996)

1995

26. The econometrics of indeterminacy: an applied study
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 225-271 View citations (21)
    See also Working Paper (1994)

1994

27. Indeterminacy and Increasing Returns
    Journal of Economic Theory, 1994, 63, (1), 19-41 View citations (212)
    See also Working Paper (1992)
28. Real Business Cycles and the Animal Spirits Hypothesis
    Journal of Economic Theory, 1994, 63, (1), 42-72 View citations (132)
    See also Working Paper (1992)

1992

29. Nominal price stickiness as a rational expectations equilibrium
    Journal of Economic Dynamics and Control, 1992, 16, (2), 317-337 View citations (5)

1991

30. Sticky Prices
    Economic Journal, 1991, 101, (409), 1369-79 View citations (4)
    See also Working Paper (1990)
31. The Lucas Critique, Policy Invariance and Multiple Equilibria
    Review of Economic Studies, 1991, 58, (2), 321-32 View citations (11)
    See also Working Paper (1989)

1990

32. Rince Preferences
    The Quarterly Journal of Economics, 1990, 105, (1), 43-60 View citations (19)
    See also Working Paper (1989)

1989

33. AIL theory and the ailing Phillips curve: a contract based approach to aggregate supply
    Proceedings, 1989 View citations (4)
    See also Chapter (1990)
    Working Paper (1989)

1988

34. Money and Contracts
    Review of Economic Studies, 1988, 55, (3), 431-46 View citations (6)
35. What is a liquidity crisis?
    Journal of Economic Theory, 1988, 46, (1), 1-15 View citations (10)

1986

36. Deficits and cycles
    Journal of Economic Theory, 1986, 40, (1), 77-88 View citations (25)
37. The Role of Options in the Resolution of Agency Problems: A Comment [Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure]
    Journal of Finance, 1986, 41, (5), 1157-70

1985

38. Implicit Contracts with Asymmetric Information and Bankruptcy: The Effect of Interest Rates on Layoffs
    Review of Economic Studies, 1985, 52, (3), 427-42 View citations (14)

1984

39. A New Theory of Aggregate Supply
    American Economic Review, 1984, 74, (5), 920-30 View citations (17)
40. Bursting bubbles: On the rationality of hyperinflations in optimizing models
    Journal of Monetary Economics, 1984, 14, (1), 29-35
41. Unemployment, Bankruptcy and Asymmetric Information
    The Manchester School of Economic & Social Studies, 1984, 52, (3), 284-91

Books

2010

1. Expectations, Employment and Prices
   OUP Catalogue, Oxford University Press View citations (8)
2. How the Economy Works: Confidence, Crashes, and Self-Fulfilling Prophecies
   OUP Catalogue, Oxford University Press

1999

3. Macroeconomics of Self-fulfilling Prophecies, 2nd Edition, vol 1
   MIT Press Books, The MIT Press View citations (113)

Chapters

1999

1. Indeterminacy and sunspots in macroeconomics
   Chapter 06 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 387-448 View citations (104)

1990

2. AIL Theory and the Ailing Phillips Curve: A Contract-Based Approach to Aggregate Supply
   A chapter in Asymmetric Information, Corporate Finance, and Investment, 1990, pp 207-230 View citations (3)
   See also Working Paper (1989)
   Journal Article in Proceedings (1989)