Roger E. A. Farmer

Distinguished Professor of Economics , Professor

Office: Bunche Hall 8345
Phone: (310) 825-6547
Fax: (310) 825-9528

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Research Interests

Causes of unemployment; the role of confidence, market psychology and self-fulfilling prophecies; the stock market and the business cycle; new approaches to monetary and fiscal policy; the role of the Fed


ROGER E. A. FARMER is visiting 2013 Senior Houblon Norman Fellow at the Bank of England. He is a Distinguished Professor of Economics at UCLA and served as Department Chair from July 2008 through December 2012. He has published numerous scholarly articles in leading academic journals as well as books that have been translated into Chinese, Italian and Hungarian. He has previously held positions at the University of Pennsylvania, The European University Institute and the University of Toronto. He is a Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, Research Associate of the Centre for Economic Policy Research, Fellow Commoner of Cambridge University, and Co-Editor of the International Journal of Economic Theory.He has served as a consultant to the Federal Reserve Bank of Atlanta, the Reserve Bank of Australia, the European Central Bank and the Bank of England and is a Visiting Scholar at the Federal Reserve Bank of San Francisco. He is a co-winner of the 2013 Maurice Allais Prize in Economic Science for his work on the inefficiency of financial markets; and in 2000, he received the University of Helsinki Medal in recognition of his work on self-fulfilling prophecies. He has written op eds for the Financial Times, Project Syndicate and VoxEu, among others. Professor Farmer's recent books on the Great Recession, How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies (March 2010), is written for the general reader and specialist alike, and Expectations, Employment and Prices (March 2010), is written for academics and practicing economists. His books and recent papers provide a new macroeconomic paradigm and monetary and fiscal framework for economic stability in the 21st century.