Inflating the Beast: Political Incentives Under Uncertainty
NBER Working Paper No. 13779
---- 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.