NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Political Credit Cycles: The Case of the Euro Zone

Jesus Fernandez-Villaverde, Luis Garicano, Tano Santos

NBER Working Paper No. 18899
Issued in March 2013

---- Acknowledgements -----

We sincerely thank Costas Arkolakis, Markus Brunnermeier, Manolis Galenianos, Dirk Krueger, Philip Lane, Stavros Panageas, Elias Papaioannou, Canice Prendergast, Ricardo Reiss, Waltraud Schalke, Dimitri Vayanos, and Pierre Yared for their generosity with their time in discussing this paper with us. All remaining errors are ours, of course. We appreciate support from the National Science Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Luis Garicano -----

I have received honoraria or compensation in 2012 over $5000 from LIberbank (Board Membership) and the Toulouse Network in Information Technology (funded by Microsoft).

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