News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
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
Contagion — Roger E. A. Farmer
Central banks throughout the world are charged not only with price stability, but also with maintaining financial stability. For example, the Federal Reserve is charged with maintaining maximum employment and stable prices and the Bank of England now has an entire new building packed with financial
Monetary Finance in the Age of Corona Virus: MMT and the Green New Deal — Roger E. A. Farmer
The world is going through a remarkable transformation in the aftermath of an unprecedented shut down of economies all over the globe. Before the crisis there was already significant debate about how to pay for the costs associated with the transition to a low carbon environment. That debate has int
A UK Sovereign Wealth Fund — Roger E. A. Farmer
This post first appeared on this site on December 17th, 2017. It was reposted  on VoxEU  in 2018. I’m also adding a link here to my 2013 Financial Times article, “ A sovereign wealth fund  can save the UK from market meltdown ” which was not included in the or
Rebuilding Macroeconomic Theory — Roger E. A. Farmer
Martin Sandbu has written a nice piece in the FT about the latest issue of the Oxford Review of Economic Policy , which is dedicated to an idea I have been promoting for more than three decades. Multiple Equilibria matter. For David Vines and Samuel Wills, editors of the volume, this is a ne
An Interview with Roger Farmer by Phil Armstrong: Part 3 of 4: On Heterodox Economics — Roger E. A. Farmer
An excerpt from Chapter 5 of   Can Heterodox Economics Make a Difference , published by Edward Elgar in 2020. Here is a link to the  Table Of Contents , and a  link  to the biographies of all those interviewed for the project.  
Axel Leijonhufvud Remembered — Roger E. A. Farmer
I learned today that my friend, colleague and mentor, Axel Leijonhufvud passed away on Monday May 2nd. Axel was one of the most creative macroeconomists of his generation and a towering presence in UCLA macro from 1964 until his departure in 1995 when he took up an appointment at the University of T
Central Bank Equity Purchases: An Idea Whose Time has Come — Roger E. A. Farmer
Writing in the Financial Times last week, BlackRock executive, Rick Rieder, urged the ECB to  purchase equities in an attempt to stimulate growth in the Eurozone. Merryn Somerset Webb,  disagrees . While Merryn is correct to point out that BlackRock stands to benefit from a polic
Self-Fulfilling Prophecies, Quasi-Non-Ergodicity and Wealth Inequality — Roger E. A. Farmer
Why is Jeff Bezos worth $200,000,000,000 while the median American has net assets of just $121,000? In a new working paper , co-authored with Jean-Philippe Bouchaud of the Collège de France, we argue that the vast inequalities we see in the world distribution of wealth are deeply connected to
How Economics Can Help To Improve People’s Lives — Roger E. A. Farmer
Professor Roger Farmer discusses the cost to society of financial instability and how economics can help to improve people’s lives Friday 27 Sep 2019 The International Journal of Economic Theory issued a  Festschrift in honour  of Warwick Professor Roger E.A. Farmer this year
A Journey Through the Evolution of My Ideas — Roger E. A. Farmer
Last week, I finished a ten lecture series in macroeconomics for graduate students at the University of Warwick. You can access these lectures by registering here . The first nine lectures are quite technical, but the last one is accessible to a general audience and I have posted it in two parts o
An Interview with Roger Farmer by Phil Armstrong: Part 2 of 4: On Conventional Theories of Money — Roger E. A. Farmer
An excerpt from Chapter 5 of   Can Heterodox Economics Make a Difference , published by Edward Elgar in 2020. Here is a link to the  Table Of Contents , and a  link  to the biographies of all those interviewed for the project.  
Why the Indeterminacy Agenda Matters in the Real World — Roger E. A. Farmer
In a couple of weeks, I will be presenting two lectures at the 20th edition of the Axel Leijonhufvud Summer School in Trento Italy. I’ve also just completed a piece for the Oxford Research Encyclopedia of Economics and Finance on the Indeterminacy Agenda in Macroeconomics. That article is availa
An Interview with Roger Farmer by Phil Armstrong: Part 1 of 4: On Economic Methodology — Roger E. A. Farmer
I claimed to be a methodological individualist –  and I think that’s a useful way of thinking about the world on Saturdays –  but on Wednesdays something changes. Let me explain that idea. [Roger E. A. Farmer]
An Interview with Roger Farmer by Phil Armstrong: Part 4 of 4: On Modern Monetary Theory — Roger E. A. Farmer
An excerpt from Chapter 5 of   Can Heterodox Economics Make a Difference , published by Edward Elgar in 2020. Here is a link to the  Table Of Contents , and a  link  to the biographies of all those interviewed for the project.  
Jack Hirshleifer: A Memory — Roger E. A. Farmer
I was approached last month by Junyao Ying, a UCLA alum who is now working in China. Junyao and his wife Weiyi Qiu have recently translated Jack’s book, Investment Interest and Capital into Chinese. Junyao asked me to write a few words about Jack for the translation. This is what I wrote. The eco