Monetary-Fiscal Policy Interactions (Eric Leeper)

The course aims to provide some of the background necessary to understand and conduct research at the frontier of monetary-fiscal policy interactions. The course was taught by prof. Eric Leeper and hosted by the EABCN in Amsterdam, 14-16 september 2010.

• Course Description

  • EABCNCourse2010.pdf

• Lecture 1. Simple Models of Policy Interactions: Some Monetary Doctrines

  • 1_Doctrines2010.pdf

• Lecture 2. Fiscal Theory of the Price Level

  • 2_FTPL2010.pdf

• Lecture 3. Policy Interactions with Tax Distortions

  • 3_Distortions2010.pdf

• Lecture 4. Generalizing Policy Interactions with Markov Switching: Part A and Part B

  • 4_GeneralizingA2010.pdf and 4_GeneralizingB2010.pdf

• Lecture 5. The Lucas Critique

  • 5_LucasCritique2010.pdf

• Lecture 6. Foresight and News: Theory and Econometrics

  • 6_Foresight2010.pdf

• Lecture 7. Efficacy of Fiscal Stimulus

  • 7_FiscalStimulus2010.pdf

• Lecture 8. Fiscal Limits

  • 8_FiscalLimits2010.pdf

• Lecture 9. Sovereign Default Risk Premia & Fiscal Policy

  • 9_SovereignDebt2010.pdf