Session 2: Eric M. Leeper – Applying Monetary-Fiscal Policy Interactions: Part II

0:00:00 – Introduction
0:04:17 – Question
0:06:04 – Slide 32: Confronting fiscal data
0:08:39 – Slide 33: s-Shaped surplus
0:10:48 – Slide 34: s-Shaped surplus from data
0:11:50 – Slide 35: Policy identification
0:13:05 – Slide 36: Fiscal impacts conditional on regime
0:14:58 – Question
0:16:36 – Question
0:18:34 – Question
0:20:24 – Question
0:22:27 – Slide 37: Fiscal data
0:24:39 – Slide 38: Primary surpluses
0:26:35 – Slide 39: Surplus and debt
0:27:18 – Slide 40: Surplus and unemployment
0:28:33 – Slide 43: Going beyond pictures
0:29:21 – Slide 44: Budget identity
0:30:25 – Slide 45: Budget identity
0:33:05 – Slide 47: Budget identity interpretations
0:33:47 – Slide 51: “Inflation” shock
0:34:22 – Slide 52: “Inflation” shock
0:35:59 – Question
0:37:35 – Slide 56: Key findings
0:38:23 – Slide 62: Wrap up
0:40:15 – Chair
0:40:46 – Question
0:43:39 – Question
0:44:20 – Question
0:47:01 – Question
0:50:58 – Question
0:53:27 – Romain: Outro