NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Theory of Political and Economic Cycles

Laurence Ales, Pricila Maziero, Pierre Yared

NBER Working Paper No. 18354
Issued in September 2012

---- Acknowledgements -----

We would like to thank Marina Azzimonti, Sandeep Baliga, Chris Blattman, V.V. Chari, Mike Golosov, Brett House, Larry Jones, Emi Nakamura, Torsten Persson, Aleh Tsyvinski and seminar participants at Stanford, the Nemmers Prize Conference on The Political Economy of Growth and Development, the Workshop on Macroeconomic Applications of Dynamic Games and Contracts and the SED for comments. We would like to thank Sergei Kolbin for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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