Details about Roger E. A. Farmer

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

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Working Papers

2020

1. Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020)
2. Self-Fulfilling Prophecies, Quasi Non-Ergodicity and Wealth Inequality
   Papers, arXiv.org

2019

3. A Requiem for the Fiscal Theory of the Price Level
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in IMF Working Papers, International Monetary Fund (2019) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (3)
4. Some International Evidence for Keynesian Economics Without the Phillips Curve
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (3)
   National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research (2019) View citations (2)
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2019) View citations (2)
5. The Fiscal Theory of the Price Level in Overlapping Generations Models
   National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research View citations (4)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (2)
6. The Importance of Beliefs in Shaping Macroeconomic Outcomes
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019)
   See also Journal Article in Oxford Review of Economic Policy (2020)
7. The Indeterminacy Agenda in Macroeconomics
   National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research View citations (2)
8. The Indeterminacy School in Macroeconomics
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019)

2018

9. Pricing Assets in a Perpetual Youth Model
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   Also in National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research (2018) View citations (12)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (12)
   See also Journal Article in Review of Economic Dynamics (2018)
10. The Household Fallacy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018)
    National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research (2018)
    See also Journal Article in Economics Letters (2018)
11. The Role of Financial Policy
    National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018)
    See also Journal Article in Review of Keynesian Economics (2018)

2017

12. Keynesian Economics without the Phillips Curve
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2018)
13. Post Keynesian Dynamic Stochastic General Equilibrium Theory
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (2)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2017)
14. The End of Alchemy: A Review Essay
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017)

2016

15. Animal Spirits in a Monetary Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (11)
    See also Journal Article in European Economic Review (2019)
16. Pricing Assets in an Economy with Two Types of People
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (2)
17. The Theory of Unconventional Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Bank of England working papers, Bank of England (2016) View citations (12)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (19)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (15)

2015

18. Global Sunspots and Asset Prices in a Monetary Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (6)

2014

19. Asset Prices in a Lifecycle Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (5)
20. The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
    2014 Meeting Papers, Society for Economic Dynamics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (10)
    Working Papers, HAL (2013) View citations (1)
    AMSE Working Papers, Aix-Marseille School of Economics, France (2013) View citations (1)

2013

21. Solving and Estimating Indeterminate DSGE Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (12)
    IMF Working Papers, International Monetary Fund (2013) View citations (16)
    See also Journal Article in Journal of Economic Dynamics and Control (2015)
22. The Natural Rate Hypothesis: An idea past its sell-by date
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (15)
    See also Journal Article in Bank of England Quarterly Bulletin (2013)
23. The Stock Market Crash Really Did Cause the Great Recession
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013)
    See also Journal Article in Oxford Bulletin of Economics and Statistics (2015)

2012

24. Does Fiscal Policy Matter? Blinder and Solow Revisited
    2012 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (3)
    See also Journal Article in Macroeconomic Dynamics (2012)
25. Qualitative Easing: How it Works and Why it Matters
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (6)
26. The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (9)
    See also Journal Article in Oxford Review of Economic Policy (2012)
27. The Evolution of Endogenous Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
    Working Papers, Hong Kong Institute for Monetary Research (2012) View citations (2)
    See also Journal Article in Macroeconomic Dynamics (2016)
28. The Stock Market Crash of 2008 Caused the Great Recession
    2012 Meeting Papers, Society for Economic Dynamics View citations (26)

2011

29. Animal Spirits, Financial Crises and Persistent Unemployment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (2)
30. Confidence Crashes and Animal Spirits
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (9)
    See also Journal Article in Economic Journal (2012)
31. The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (6)
    See also Journal Article in Journal of Economic Dynamics and Control (2012)

2010

32. Animal Spirits, Persistent Unemployment and the Belief Function
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (14)

2009

33. Debt, Deficits and Finite Horizons: The Stochastic Case
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Papers, HAL (2009) View citations (4)
    See also Journal Article in Economics Letters (2011)
34. Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
35. 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 (6)
36. Understanding Markov-Switching Rational Expectations Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (109)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (106)
    See also Journal Article in Journal of Economic Theory (2009)

2008

37. Generalizing the Taylor principle: comment
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)
    See also Journal Article in American Economic Review (2010)
38. Minimal state variable solutions to Markov-switching rational expectations models
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (49)
    See also Journal Article in Journal of Economic Dynamics and Control (2011)
39. Unemployment in a DSGE Model: Theory and Evidence
    2008 Meeting Papers, Society for Economic Dynamics

2007

40. 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)
41. 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)
42. Indeterminacy in a forward-looking regime-switching model
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (11)
    See also Journal Article in International Journal of Economic Theory (2009)
43. Understanding the New Keynesian model when monetary policy switches regimes
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (16)

2006

44. 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 (2)
45. Assessing Changes in U.S. Monetary Policy in a Regime-Switching Rational Expectations Model
    2006 Meeting Papers, Society for Economic Dynamics
46. 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 (3)
47. Shooting the Auctioneer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (8)

2005

48. Factor Analysis in a New-Keynesian Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Working Paper Series, European Central Bank (2005) View citations (11)
49. 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

50. On the Indeterminacy of New Keynesian Economics
    2004 Meeting Papers, Society for Economic Dynamics View citations (20)
    Also in Working Paper Series, European Central Bank (2004) View citations (45)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (35)
51. 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

52. Identifying the Monetary Transmission Mechanism Using Structural Breaks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working Paper Series, European Central Bank (2003) View citations (16)
53. On the Indeterminacy of Determinacy and Indeterminacy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Working Paper Series, European Central Bank (2003) View citations (12)
54. 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

55. 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)
56. Business Cycles With Heterogenous Agents
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
57. 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)
58. Natural rate doubts
    Working Paper Series, European Central Bank View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (3)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)

1999

59. Indeterminacy with Non-Separable Utility
    Economics Working Papers, European University Institute View citations (10)
    See also Journal Article in Journal of Economic Theory (2000)
60. The Monetary Transmission Mechanism
    Economics Working Papers, European University Institute View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (2)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (4)
    Levine's Working Paper Archive, David K. Levine (1998) View citations (4)
    See also Journal Article in Review of Economic Dynamics (2000)
61. Two New Keynesian Theories of Sticky Prices
    Economics Working Papers, European University Institute View citations (2)
    See also Journal Article in Macroeconomic Dynamics (2000)

1997

62. Money in a Real Business Cycle Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (39)
    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

63. Indeterminacy and Sector-Specific Externalities
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (142)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1994)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (203)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1995) View citations (13)
    See also Journal Article in Journal of Monetary Economics (1996)

1994

64. The Econometrics of Indeterminacy: An Applied Study
    UCLA Economics Working Papers, UCLA Department of Economics View citations (22)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)

1992

65. Indeterminacy and Increasing Returns
    UCLA Economics Working Papers, UCLA Department of Economics View citations (9)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (19)
    Working Papers, Cambridge - Risk, Information & Quantity Signals (1991) View citations (5)
    See also Journal Article in Journal of Economic Theory (1994)
66. Real Business Cycles and the Animal Spirits Hypothesis
    UCLA Economics Working Papers, UCLA Department of Economics View citations (59)
    See also Journal Article in Journal of Economic Theory (1994)

1991

67. The Aggregate Effects of Monetary Externalities
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (4)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1991) View citations (5)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (3)

1990

68. Dynasty: A Simple Stochastic Growth Model
    UCLA Economics Working Papers, UCLA Department of Economics
69. Sticky Prices
    UCLA Economics Working Papers, UCLA Department of Economics View citations (6)
    See also Journal Article in Economic Journal (1991)

1989

70. 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) View citations (1)
    See also Chapter (1990)
    Journal Article in Proceedings (1989)
71. Rince Preferences
    UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
    See also Journal Article in The Quarterly Journal of Economics (1990)
72. 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

73. Closed-Form Solutions to Dynamic Stochastic Choice Problems
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (2)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1987) View citations (2)

Journal Articles

2020

1. The importance of beliefs in shaping macroeconomic outcomes
   Oxford Review of Economic Policy, 2020, 36, (3), 675-711
   See also Working Paper (2019)

2019

2. Animal spirits in a monetary model
   European Economic Review, 2019, 115, (C), 60-77 View citations (7)
   See also Working Paper (2016)

2018

3. Keynesian economics without the Phillips curve
   Journal of Economic Dynamics and Control, 2018, 89, (C), 137-150 View citations (27)
   See also Working Paper (2017)
4. Pricing Assets in a Perpetual Youth Model
   Review of Economic Dynamics, 2018, 30, 106-124 View citations (12)
   See also Working Paper (2018)
   Software Item (2018)
5. The End of Alchemy by Mervyn King: A Review Essay
   Journal of Economic Literature, 2018, 56, (3), 1102-18
6. The household fallacy
   Economics Letters, 2018, 169, (C), 83-86 View citations (3)
   See also Working Paper (2018)
7. The role of financial policy
   Review of Keynesian Economics, 2018, 6, (4), 446-460
   See also Working Paper (2018)

2017

8. Post-Keynesian dynamic stochastic general equilibrium theory
   European Journal of Economics and Economic Policies: Intervention, 2017, 14, (2), 173-185 View citations (3)
   See also Working Paper (2017)
9. Unwinding: A Tale of Corridors and Floors
   National Institute Economic Review, 2017, 241, (1), R70-R73

2016

10. THE EVOLUTION OF ENDOGENOUS BUSINESS CYCLES
    Macroeconomic Dynamics, 2016, 20, (2), 544-557 View citations (23)
    See also Working Paper (2012)

2015

11. Solving and estimating indeterminate DSGE models
    Journal of Economic Dynamics and Control, 2015, 54, (C), 17-36 View citations (70)
    See also Working Paper (2013)
12. The Stock Market Crash Really Did Cause the Great Recession
    Oxford Bulletin of Economics and Statistics, 2015, 77, (5), 617-633 View citations (21)
    See also Working Paper (2013)

2014

13. Financial Stability and the Role of the Financial Policy Committee
    Manchester School, 2014, 82, (S1), 35-43

2013

14. Animal Spirits, Financial Crises and Persistent Unemployment-super-
    Economic Journal, 2013, 317-340 View citations (51)
15. The Natural Rate Hypothesis: an idea past its sell-by date
    Bank of England Quarterly Bulletin, 2013, 53, (3), 244-256 View citations (14)
    See also Working Paper (2013)

2012

16. Confidence, Crashes and Animal Spirits
    Economic Journal, 2012, 122, (559), 155-172 View citations (34)
    See also Working Paper (2011)
17. DOES FISCAL POLICY MATTER? BLINDER AND SOLOW REVISITED
    Macroeconomic Dynamics, 2012, 16, (S1), 149-166 View citations (8)
    See also Working Paper (2012)
18. The effect of conventional and unconventional monetary policy rules on inflation expectations: theory and evidence
    Oxford Review of Economic Policy, 2012, 28, (4), 622-639 View citations (9)
    See also Working Paper (2012)
19. The stock market crash of 2008 caused the Great Recession: Theory and evidence
    Journal of Economic Dynamics and Control, 2012, 36, (5), 693-707 View citations (19)
    See also Working Paper (2011)

2011

20. Debt, deficits and finite horizons: The stochastic case
    Economics Letters, 2011, 111, (1), 47-49 View citations (16)
    See also Working Paper (2009)
21. Minimal state variable solutions to Markov-switching rational expectations models
    Journal of Economic Dynamics and Control, 2011, 35, (12), 2150-2166 View citations (97)
    See also Working Paper (2008)

2010

22. Generalizing the Taylor Principle: Comment
    American Economic Review, 2010, 100, (1), 608-17 View citations (35)
    See also Working Paper (2008)
23. How to reduce unemployment: A new policy proposal
    Journal of Monetary Economics, 2010, 57, (5), 557-572 View citations (21)
24. MACROECONOMICS FOR THE 21ST CENTURY: FULL EMPLOYMENT AS A POLICY GOAL
    National Institute Economic Review, 2010, 211, (1), 109-114

2009

25. 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 (34)
26. Indeterminacy in a forward‐looking regime switching model
    International Journal of Economic Theory, 2009, 5, (1), 69-84 View citations (24)
    See also Working Paper (2007)
27. Introduction
    International Journal of Economic Theory, 2009, 5, (1), 1-7
28. Understanding Markov-switching rational expectations models
    Journal of Economic Theory, 2009, 144, (5), 1849-1867 View citations (126)
    See also Working Paper (2009)

2008

29. Aggregate demand and supply
    International Journal of Economic Theory, 2008, 4, (1), 77-93 View citations (25)
    See also Working Paper (2007)
30. Factor analysis in a model with rational expectations
    Econometrics Journal, 2008, 11, (2), 271-286 View citations (11)
    See also Working Paper (2007)
31. 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 (13)
    See also Working Paper (2004)

2007

32. Natural rate doubts
    Journal of Economic Dynamics and Control, 2007, 31, (3), 797-825 View citations (48)
    See also Working Paper (2002)
33. Testing for Indeterminacy: An Application to U.S. Monetary Policy: Comment
    American Economic Review, 2007, 97, (1), 524-529 View citations (38)

2006

34. Economic Growth in an Interdependent World Economy
    Economic Journal, 2006, 116, (514), 969-990 View citations (7)
    See also Working Paper (2002)

2005

35. A Two-Country Model of Endogenous Growth
    Review of Economic Dynamics, 2005, 8, (1), 68-88 View citations (18)
    See also Working Paper (2002)
36. Recursive preferences and balanced growth
    Journal of Economic Theory, 2005, 125, (1), 61-77 View citations (13)
    See also Working Paper (2003)

2003

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

2002

38. Why Does Data Reject the Lucas Critique
    Annals of Economics and Statistics, 2002, (67-68), 111-129 View citations (23)

2000

39. Analyzing Indeterminacies in a Real Business Cycle Model with Money: A Reply
    Journal of Money, Credit and Banking, 2000, 32, (2), 292-93 View citations (1)
40. Indeterminacy with Non-separable Utility
    Journal of Economic Theory, 2000, 93, (1), 118-143 View citations (72)
    See also Working Paper (1999)
41. TWO NEW KEYNESIAN THEORIES OF STICKY PRICES
    Macroeconomic Dynamics, 2000, 4, (1), 74-107 View citations (15)
    See also Working Paper (1999)
42. The Monetary Transmission Mechanism
    Review of Economic Dynamics, 2000, 3, (3), 523-550 View citations (42)
    See also Working Paper (1999)

1997

43. Money in a Real Business Cycle Model
    Journal of Money, Credit and Banking, 1997, 29, (4), 568-611 View citations (38)
    Also in Proceedings, 1997, (Nov), 568-623 (1997) View citations (38)
    See also Working Paper (1997)
44. SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE
    Macroeconomic Dynamics, 1997, 1, (4), 740-769 View citations (55)

1996

45. A theory of business cycles
    Finnish Economic Papers, 1996, 9, (2), 91-109 View citations (2)
46. Indeterminacy and sector-specific externalities
    Journal of Monetary Economics, 1996, 37, (3), 421-443 View citations (199)
    See also Working Paper (1996)

1995

47. The econometrics of indeterminacy: an applied study
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 225-271 View citations (41)
    See also Working Paper (1994)

1994

48. Indeterminacy and Increasing Returns
    Journal of Economic Theory, 1994, 63, (1), 19-41 View citations (658)
    See also Working Paper (1992)
49. Real Business Cycles and the Animal Spirits Hypothesis
    Journal of Economic Theory, 1994, 63, (1), 42-72 View citations (380)
    See also Working Paper (1992)

1992

50. Nominal price stickiness as a rational expectations equilibrium
    Journal of Economic Dynamics and Control, 1992, 16, (2), 317-337 View citations (9)

1991

51. Sticky Prices
    Economic Journal, 1991, 101, (409), 1369-79 View citations (13)
    See also Working Paper (1990)
52. The Lucas Critique, Policy Invariance and Multiple Equilibria
    Review of Economic Studies, 1991, 58, (2), 321-332 View citations (20)
    See also Working Paper (1989)

1990

53. RINCE Preferences
    The Quarterly Journal of Economics, 1990, 105, (1), 43-60 View citations (40)
    See also Working Paper (1989)

1989

54. AIL theory and the ailing Phillips curve: a contract based approach to aggregate supply
    Proceedings, 1989 View citations (1)
    See also Chapter (1990)
    Working Paper (1989)

1988

55. Money and Contracts
    Review of Economic Studies, 1988, 55, (3), 431-446 View citations (10)
56. What is a liquidity crisis?
    Journal of Economic Theory, 1988, 46, (1), 1-15 View citations (11)

1986

57. Deficits and cycles
    Journal of Economic Theory, 1986, 40, (1), 77-88 View citations (54)
58. 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

59. Implicit Contracts with Asymmetric Information and Bankruptcy: The Effect of Interest Rates on Layoffs
    Review of Economic Studies, 1985, 52, (3), 427-442 View citations (35)

1984

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

Books

2016

1. Prosperity for All: How to Prevent Financial Crises
   OUP Catalogue, Oxford University Press View citations (6)

2014

2. How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies
   OUP Catalogue, Oxford University Press View citations (1)
   Also in OUP Catalogue, Oxford University Press (2010) View citations (28)

2010

3. Expectations, Employment and Prices
   OUP Catalogue, Oxford University Press View citations (31)

1999

4. Macroeconomics of Self-fulfilling Prophecies, 2nd Edition, vol 1
   MIT Press Books, The MIT Press View citations (125)

Edited books

2008

1. Macroeconomics in the Small and the Large
   Books, Edward Elgar Publishing View citations (7)

Chapters

2008

1. Old-Keynesian Economics
   Chapter 2 in Macroeconomics in the Small and the Large, 2008 View citations (4)

1999

2. Indeterminacy and sunspots in macroeconomics
   Chapter 06 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 387-448 View citations (263)

1990

3. 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
   See also Working Paper (1989)
   Journal Article in Proceedings (1989)

Software Items

2018

1. Code and data files for "Pricing Assets in a Perpetual Youth Model"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2018)