In May of 2018, I was privileged to be invited to participate in an ECB colloquium on the Future of Central Banking and Macroeconomics in honour of Vítor Constâncio. Here is a video of my ten minute discussion of a paper by John Muellbauer.

Roger Farmer's Economic Window

18.03.2023

How to Fix the Banks — Roger E. A. Farmer

This post first appeared in the Financial Times Economists Forum on February 9th 2009. I am reposting it here because it is as relevant today as it was then. My argument provides a way to provide a backstop to the banking system as a whole, without generating the incentive for any individual bank to

Roger Farmer's Economic Window

29.06.2025

Tariffs and the Trade Deficit — Roger E. A. Farmer

In an X post here John Carney argues that the U.S. trade deficit is large and historically unprecedented. James Surowiecki disagrees. The issue is not: is the trade deficit large? It is. The right question is: will tariffs reverse the trend? Probably not. But more on that issue below. First:

Roger Farmer's Economic Window

02.09.2025

UK Evidence for the Laffer Curve — Roger E. A. Farmer

I wrote this piece in 2022 when Liz Truss was Prime Minister. I am reposting it now in light of the recent piece by David Aikman, Director of NIESR who is advocating for tax increases in the UK in the Autumn budget. If the government follows that advice, and if marginal rates are increased on hig

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Roger Farmer's Economic Window

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The Future of Macroeconomics &mdash; Roger E. A. Farmer

How to Fix the Banks — Roger E. A. Farmer

Tariffs and the Trade Deficit — Roger E. A. Farmer

UK Evidence for the Laffer Curve — Roger E. A. Farmer

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Roger Farmer's Economic Window

The Future of Macroeconomics — Roger E. A. Farmer