I document a positive relationship between partisan conflict and corporate credit spreads. A onestandard deviation increase in partisan conflict is associated with a 2.61 basis point increase inthe next one-month corporate credit spreads after controlling for bond issue information,...

The paper presents a model to estimate qualitative variables to estimate credit spreads. The main purpose of our study was to price loans and verify whether interest rates depend on credit portfolio weights, applying a reverse engineering process. In particular, loans may be priced from credit...

This paper examines the evidence on the relationship between credit spreads and economic activity. Using an extensive data set of prices of outstanding corporate bonds trading in the secondary market, we construct a credit spread index that is--compared with the standard default-risk...