I am Research Director at NIESR in London and a Professor of Economics at the University of Warwick. I am also an Emeritus Distinguished Professor of Economics at UCLA. You can find links here to my books, my published papers, my working papers and my CV as a pdf file. I also write a blog, Roger Farmer's Economic Window where I post thoughts, comments and op ed pieces.
I am on the Management Team of Rebuilding Macroeconomics, an ESRC sponsored Network Plus located at NIESR. I am also a co-leader of the Instability hub along with Jean-Philippe Bouchaud of École Polytechnique. Rebuilding Macroeconomics is charged with funding creative new ideas in macroeconomics that are relevant for economic policy. Watch out on this space for calls for proposals.
Following successful 2017 and 2018 conferences at the Bank of England, I will be co-organizing a similar event in December 2019. The tentative title for this conference will be “New Approaches to Modeling Expectations in Economics”. Stay tuned for updates and look out for a call for papers.
If you are in the market for Ph.D. economists this year, look out for my student Konstantin Platonov. Konstantin is exceptional in every dimension. His job market paper, “The Forward Premium Anomaly: Overlapping Generations, Multiple Equilibria and Shocks to Beliefs”, breaks new ground by combining psychology and economics to explain the predictability of the forward premium in foreign exchange markets. Our joint paper, “Animal Spirits in a Monetary Model”, has been accepted subject to minor revisions for publication in the European Economic Review. Konstantin will be interviewing in Atlanta at the ASSA meetings in January. Hire him! You won’t be disappointed.
My new working paper with Pawel Zabczyk, “The Fiscal Theory of the Price Level in Overlapping Generations Models” is now available here.
My discussion of John Muelbauer’s paper “The Future of Macroeconomics” presented at the Conference in Honor of Vítor Constâncio, at the ECB May 16th - 17th 2018 is now published here.
Pricing Assets in a Perpetual Youth Model 2018, Review of Economic Dynamics 30, pages 106-124.
Keynesian Economics without the Phillips Curve, joint with Giovanni Nicolò, 2018, Journal of Economic Dynamics and Control 89, pages 137-150.
The End of Alchemy; by Mervyn King, a Review Essay. Journal of Economic Literature 56(3), pages 1102-1118. Prepublication version.
This paper remains a favourite of mine and is well worth a read. The Natural Rate Hypothesis: An idea past its sell-by-date Bank of England Quarterly Bulletin, September Q3, pages 244-256, 2013
New Working Papers
My updated working paper, joint with Pawel Zabczyk, is now available here A Sunspot Based Theory of Unconventional Monetary Policy.