NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inflating the Beast: Political Incentives Under Uncertainty

Ricardo J. Caballero, Pierre Yared

NBER Working Paper No. 13779
Issued in February 2008

---- Acknowledgements -----

We are grateful to Stefania Albanesi, Patrick Bolton, Tito Cordella, and Jose Tessada for comments. Caballero thanks the NSF for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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