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Understanding inflation as a joint monetary-fiscal phenomenon

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Should central banks care about fiscal rules?

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Clearing up the fiscal multiplier morass : prior and posterior analysis

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Modest policy interventions

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Fluctuating macro policies and the fiscal theory

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Clearing up the fiscal multiplier morass

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Monetary-fiscal policy interactions and fiscal stimulus

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Monetary science, fiscal alchemy

Leeper, Eric M. - 2010

"Monetary policy decisions tend to be based on systematic analysis of alternative policy choices and their associated macroeconomic impacts: this is science. Fiscal policy choices, in contrast, spring from unsystematic speculation, grounded more in politics than economics: this is alchemy. In...

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Fiscal analysis is darned hard

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