Nippani, Srinivas; Parnes, Dror - In: Journal of Financial Economic Policy 9 (2017) 3, pp. 324-337
Purpose This paper aims to analyze how political brinkmanship impacted Treasury yields during the debt ceiling debate in 2015. The results show that the resignation of the House Speaker John A. Boehner caused a significant decrease in Treasury bill yields of one- and three-month maturities. The...