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Economics Blogs 2020
Roger E. A. Farmer

Roger E. A. Farmer

News

My new working paper “Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality”, joint with J.P. Bouchaud is now available here.

About Me

I am 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. You can follow me on Twitter at @farmerrf.

I have been a member the Management Team of Rebuilding Macroeconomics for three years, an ESRC sponsored Network Plus located at NIESR. I have also been a co-leader of the Instability hub along with Jean-Philippe Bouchaud of École Polytechnique.  Rebuilding Macroeconomics is now winding up as we enter the final phase of the project. The final annual conference is scheduled for October 22nd — 24th.

I have added a page here where you can subscribe to my mailing list. I will be sending occasional emails about new papers and of mine and ideas in macroeconomics I find interesting.

Lectures on Overlapping Generations

I am teaching an advanced PhD graduate class at the University of Warwick this term on uses of the overlapping generations model to understand macroeconomics. The theme of the class is that the stochastic OG model with complete markets can provide a credible alternative to the heterogenous agent New Keynesian model as a description of macroeconomic and financial data. I am also writing a third edition of the Macroeconomics of Self-Fulfilling Prophecies and some of this material will appear there.

I plan to make the slides and the videos of the lectures publicly available. Here is a link to the slides for Lecture 1. And there is a link to the video of Part 1 of Lecture 1 on this page.

If you would like access to the complete set of video and pdf lectures they are free. I ask only that you register here to gain access. If you learn something from the lectures, please let other people know but do please cite the lectures whenever you use them in your own work.

There will be ten videos in total with two new ones posted every Tuesday and Friday through November 6th.

Lecture 1 Part 1

New Publications

  • My new working paper “Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality”, joint with J.P. Bouchaud is now available here.

  • My paper, “The Importance of Beliefs in Shaping Macroeconomic Outcomes”, forthcoming in the Oxford Review of Economic Policy is available here. It is also published as NBER WP 26557 and CEPR DP 16543

  • My paper, “The Indeterminacy School in Macroeconomics” is now published online in the Oxford Research Encyclopedia of Economics and Finance. The pre-publication version is available here. It is also published as NBER WP 25879 and CEPR DP 13745-2 

CEPR links to IJET Festschrift

The International Journal of Economic Theory has released a Festschrift in my honor, publicized by the CEPR. The issue is ungated. Here are links to three articles. 1. Introduction, 2. Celebrating Roger Farmer, 3. Personal Comments from Friends. Thank you everyone who contributed.

Conferences I Organized in 2020

  • Ergodicity: Six Different Viewpoints.

    A Webinar I organized with Robert Mackay and Ian Melbourne

  • Participants

  • Jean-Philippe Bouchaud, Juan Garrahan, Rosemary Harris, Oliver Hulme, Anastasia Papavasiliou, and Mark Pollicott.

  • Monetary Finance in the Age of Corona Virus: MMT and the Green New Deal

    A Webinar I organized with Megan Greene

  • Participants

  • Warren Mosler, Narayana Kocherlakota, Ann Pettifor, Vítor Constâncio, L. Randall Wray, Stephanie Kelton, and Larry Kotlikoff.

Featured Publications