Monetary Science, Fiscal Alchemy

Eric M. Leeper

NBER Working Paper No. 16510
Issued in October 2010

---- Acknowledgements -----

Prepared for the Federal Reserve Bank of Kansas City's Jackson Hole Symposium, "Macroeconomic Policy: Post-Crisis and Risks Ahead,'' August 26--28, 2010. I thank my discussant, Francesco Giavazzi, and Ralph Bryant, Troy Davig, Jon Faust, Dale Henderson, Maya MacGuineas, Susan Monaco, Chris Sims, Mathias Trabandt, Anders Vredin, Todd Walker, and symposium participants for valuable conversations and comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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