Recent events have put in question the fiscal-monetary policy paradigm of recent decades. Eric Leeper observes that monetary and fiscal policy are always intrinsically interconnected. As policy norms in both areas have shifted from the 2008 global financial crisis to the recent pandemic, he will analyze what norms will serve the American economy best going forward. Following his lecture, Anton Korinek will moderate a discussion including macroeconomics faculty and graduate students at UVA.