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226:, both of which were written for a general audience. The Farmer Monetary Model has different and high policy implications and relevance. Farmer's policy proposal to achieve full employment by controlling and stabilizing asset prices shows promise as a way to help prevent stock market crashes and deep recessions. His son is the economist Leland Edward Farmer, who joined the faculty at the University of Virginia in July 2017.
192:. He is internationally recognized for his work on self-fulfilling prophecies. Farmer has published several scholarly articles in leading academic journals. He is also a co-founder of the Indeterminacy School in Macroeconomics. His body of work has advanced the view that beliefs are a new fundamental in economics that have the same methodological status as preferences, technology, and endowments. In his 1993 book,
196:, he argues that beliefs should be modeled with the introduction of a Belief Function, which explains how people form ideas about the future based on things they have seen in the past. In his 2010 book,
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can persist as a permanent equilibrium outcome. He provided an accessible introduction to these ideas in his 2010 book
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Research
Director, National Institute of Economic and Social Research (NIESR) UK, November 2016–September 2019
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and is a
Distinguished Emeritus Professor and former Chair of the Economics department at the
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Honorary Fellow, National
Institute of Economic and Social Research (NIESR) 2019–present
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University of
Warwick, University of California, Los Angeles (Distinguished Emeritus)
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B.A. Economics, First Class Honors, Manchester
University, Manchester UK, 1976
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National
Science Foundation Grants, 1988-1990, 1996-1999, 2004–2007, 2007-2010
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Ph.D. Economics, University of
Western Ontario, London, Ontario, Canada, 1982
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Houblon-Norman Senior
Fellowship, Bank of England, January–December 2013
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188:(NIESR). In 2013, he was the Senior Houblon-Norman Fellow at the
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M.A. Econometrics, Manchester
University, Manchester, UK, 1977
766:"The Importance of Beliefs in Shaping Macroeconomic Outcomes"
411:"The Importance of Beliefs in Shaping Macroeconomic Outcomes"
747:"Special Issue: Market Frictions in Macroeconomic Dynamics"
573:"Special Issue: Market Frictions in Macroeconomic Dynamics"
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Research Associate, National Bureau of Economic Research
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Oxford Research Encyclopaedia of Economics and Finance
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Oxford Research Encyclopaedia of Economics and Finance
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Warren C. Scoville Distinguished Teaching Award, UCLA
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Research Fellow, Centre for Economic Policy Research
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The General Theory of Employment, Interest and Money
453:. The MIT Press; second edition. pp. 223–225.
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186:National Institute of Economic and Social Research
204:economics which reintroduces a central idea from
241:Festschrift in Honour of Professor Roger Farmer
851:University of California, Los Angeles faculty
19:For the American football wide receiver, see
8:
668:Macroeconomics of Self-fulfilling Prophecies
597:"The Indeterminacy School of Macroeconomics"
451:Macroeconomics of Self-fulfilling Prophecies
366:"The Indeterminacy School of Macroeconomics"
341:Macroeconomics of Self-fulfilling Prophecies
268:Fellow Commoner, Churchill College Cambridge
194:Macroeconomics of Self-fulfilling Prophecies
262:Fellow, Econometrics Society, 2003 –Present
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184:, and the former Research Director of the
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274:Cobden Prize, Manchester University, 1976
200:, he suggests an alternative paradigm to
752:International Journal of Economic Theory
578:International Journal of Economic Theory
293:Latymer Grammar School, London, UK, 1973
246:Maurice Allais Prize in Economic Science
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609:10.1093/acrefore/9780190625979.013.511
378:10.1093/acrefore/9780190625979.013.511
222:, and more recently, in his 2016 book
158:University of California, Los Angeles
152:. He is currently a professor at the
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846:University of Western Ontario alumni
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160:. He has also held positions at the
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198:Expectations, Employment and Prices
182:Centre for Economic Policy Research
856:Fellows of the Econometric Society
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343:. The MIT Press; second edition.
841:21st-century American economists
771:Oxford Review of Economic Policy
559:"| Department of Economics"
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21:Roger Farmer (American football)
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180:, and Research Fellow of the
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595:Farmer, Roger E. A. (2020).
364:Farmer, Roger E. A. (2020).
176:, Research Associate of the
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409:Farmer, Roger (May 2020).
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146:Roger Edward Alfred Farmer
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216:involuntary unemployment
172:. He is a Fellow of the
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244:Co-Winner of the 2013
148:is a British/American
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170:University of Toronto
154:University of Warwick
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206:John Maynard Keynes
174:Econometric Society
724:Prosperity for All
675:; second edition.
535:Prosperity for All
325:UCLA Economics bio
224:Prosperity for All
30:Roger E. A. Farmer
16:American economist
230:Awards and honors
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60:Nationality
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759:(1). 2019.
585:(1). 2019.
298:References
115:Joel Fried
42:1955-04-04
788:209177581
673:MIT Press
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279:Education
150:economist
86:Economics
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