Eric Leeper

Eric Leeper is the Paul Goodloe McIntire Professor in Economics at the University of Virginia (since 2018) and Director of the Virginia Center for Economic Policy. He is also a Research Associate at the National Bureau of Economic Research and serves on advisory councils for the Federal Reserve Bank of Atlanta and Bundesbank. Previously, he held the Rudy Professorship at Indiana University and worked in the Federal Reserve System.

• Ph.D. in Economics (University of Minnesota, 1989)
• B.S. in Economics (George Mason University, 1980)

His research focuses on macroeconomic policy modeling, emphasizing monetary-fiscal interactions, the fiscal theory of the price level, sovereign risk, and fiscal limit analysis. Recent work examines government spending impacts, fiscal imbalances resolution, and heterogeneous-consumer environments in fiscal inertia.

Key publication themes include fiscal theory of the price level, inflation dynamics, sovereign debt risk, policy regime shifts, and monetary-fiscal coordination challenges. Articles frequently address historical policy frameworks (e.g., Great Depression) and modern crises like the post-COVID inflationary period.

Appointments required for office hours. Contact: Monroe Hall, Room 252, University of Virginia; 434-924-3933.