We adapt the model of McGuire & Olson (1996), creating a rotating bandit model to investigate the economic effects of a polity consisting of a regularly changing autocrat with an encompassing interest but a finite time horizon. We apply our model by studying the relationship between electoral...

Exchange rate management is a salient macroeconomic issue, especially in developing countries. In this paper, we study political economy factors that may affect the real exchange rate (RER) process and the real economic effects of the RER. We review recent literature on the effects of elections...