LAUSR

are truly driven by the unique economic environment. Moreover, although consistent cases exist, there are also many cases in which incumbent politicians expend enormous time and resources running for reelection despite their economic misfortunes. And perhaps not wholly irrationally: Alan García returned to Peru’s presidency two decades after overseeing a massive economic collapse. Like the best books, The Volatility Curse offers new insight into the political economy of elections while also raising novel questions for future work. Its findings speak most directly to those interested in the political economy of Latin America, but its impact will be felt among a broader set of scholars seeking to better understand elections, economic shocks, and both the theory and practice of democratic representation.