Details about Craig Burnside

Postal address:	Duke University Department of Economics Box 90097 Durham NC 27708-0097
Workplace:	National Bureau of Economic Research (NBER), (more information at EDIRC) Department of Economics, Duke University, (more information at EDIRC)

Access statistics for papers by Craig Burnside.

Last updated 2024-04-06. Update your information in the RePEc Author Service.

Short-id: pbu20

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Working Papers

2020

1. Foreign Exchange Order Flow as a Risk Factor
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Business School - Economics, University of Glasgow (2018)

2013

2. Exchange Rate Determination, Risk Sharing and the Asset Market View
   Working Papers, Duke University, Department of Economics View citations (1)

2012

3. On the Asset Market View of Exchange Rates
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article On the Asset Market View of Exchange Rates, The Review of Financial Studies, Society for Financial Studies (2020) View citations (4) (2020)
4. Understanding Booms and Busts in Housing Markets
   2012 Meeting Papers, Society for Economic Dynamics View citations (5)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (103)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (98)
   FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2012) View citations (5)
   See also Journal Article Understanding Booms and Busts in Housing Markets, Journal of Political Economy, University of Chicago Press (2016) View citations (171) (2016)

2011

5. Carry Trade and Momentum in Currency Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (118)
   See also Journal Article Carry Trade and Momentum in Currency Markets, Annual Review of Financial Economics, Annual Reviews (2011) View citations (118) (2011)
6. Carry Trades and Risk
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)

2010

7. Do Peso Problems Explain the Returns to the Carry Trade?
   Working Papers, Duke University, Department of Economics View citations (42)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (53)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (46)
   See also Journal Article Do Peso Problems Explain the Returns to the Carry Trade?, The Review of Financial Studies, Society for Financial Studies (2011) View citations (250) (2011)
8. Empirical Asset Pricing and Statistical Power in the Presence of Weak Risk Factors
   Working Papers, Duke University, Department of Economics
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (12)
9. Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   See also Journal Article Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns, Journal of Financial Econometrics, Oxford University Press (2016) View citations (32) (2016)
10. Investor Overconfidence and the Forward Premium Puzzle
    Working Papers, Duke University, Department of Economics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (5)
    See also Journal Article Investor Overconfidence and the Forward Premium Puzzle, The Review of Economic Studies, Review of Economic Studies Ltd (2011) View citations (57) (2011)
11. Risk, Volatility, and the Global Cross-Section of Growth Rates
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (7)
    Working Papers, Duke University, Department of Economics (2010) View citations (1)
12. The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk: A Comment
    Working Papers, Duke University, Department of Economics
    See also Journal Article The Cross Section of Foreign Currency Risk Premia and Consumption Growth Risk: Comment, American Economic Review, American Economic Association (2011) View citations (83) (2011)

2007

13. The Forward Premium is Still a Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
14. The Returns to Currency Speculation in Emerging Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (111)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (112)
    See also Journal Article The Returns to Currency Speculation in Emerging Markets, American Economic Review, American Economic Association (2007) View citations (112) (2007)
15. Understanding the Forward Premium Puzzle: A Microstructure Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (17)
    See also Journal Article Understanding the Forward Premium Puzzle: A Microstructure Approach, American Economic Journal: Macroeconomics, American Economic Association (2009) View citations (68) (2009)

2006

16. The Returns to Currency Speculation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (117)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (115)

2005

17. Government Finance in the Wake of Currency Crises
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (17)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2003) View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (18)
    See also Journal Article Government finance in the wake of currency crises, Journal of Monetary Economics, Elsevier (2006) View citations (28) (2006)

2004

18. Aid, policies, and growth: revisiting the evidence
    Policy Research Working Paper Series, The World Bank View citations (166)
19. Hiccups for HIPCs?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Macroeconomics, University Library of Munich, Germany (2003)
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) (2001) View citations (4)

2003

20. Fiscal Shocks and Their Consequences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    See also Journal Article Fiscal shocks and their consequences, Journal of Economic Theory, Elsevier (2004) View citations (347) (2004)

2002

21. Currency Crises and Government Finances
    World Bank Publications - Reports, The World Bank Group

2001

22. On the Fiscal Implications of Twin Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2001) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (8)
    Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (6)
    See also Chapter On the Fiscal Implications of Twin Crises, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (20) (2003)

2000

23. Assessing the Effects of Fiscal Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (17)
24. Fiscal Shocks in an Efficiency Wage Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (7)
25. On the Fundamentals of Self-Fulfilling Prophecies
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
26. On the Fundamentals of Self-Fulfilling Speculative Attacks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (21)

1999

27. Hedging and Financial Fragilities in Fixed Exchange Rate Regimes
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (15)
28. Hedging and Financial Fragility in Fixed Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (67)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (70)
    Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (73)
    See also Journal Article Hedging and financial fragility in fixed exchange rate regimes, European Economic Review, Elsevier (2001) View citations (148) (2001)
29. Prospective deficits and the asian currency crisis
    Policy Research Working Paper Series, The World Bank View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (36)
    Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (49)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (19)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1998) View citations (33)
    See also Journal Article Prospective Deficits and the Asian Currency Crisis, Journal of Political Economy, University of Chicago Press (2001) View citations (187) (2001)

1998

30. Aid, the incentive regime, and poverty reduction
    Policy Research Working Paper Series, The World Bank View citations (48)

1997

31. Aid, policies, and growth
    Policy Research Working Paper Series, The World Bank View citations (239)
    See also Journal Article Aid, Policies, and Growth, American Economic Review, American Economic Association (2000) View citations (1378) (2000)

1995

32. Capital Utilization and Returns to Scale
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (278)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (273)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (281)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (236)
    See also Chapter Capital Utilization and Returns to Scale, NBER Chapters, National Bureau of Economic Research, Inc (1995) View citations (261) (1995)
33. Sectoral Solow Residuals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (6)
    See also Journal Article Sectoral Solow residuals, European Economic Review, Elsevier (1996) View citations (67) (1996)

1994

34. Factor Hoarding and the Propagation of Business Cycles Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article Factor-Hoarding and the Propagation of Business-Cycle Shocks, American Economic Review, American Economic Association (1996) View citations (329) (1996)
35. Small Sample Properties of Generalized Method of Moments Based Wald Tests
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations (13)

1990

36. Labor Hoarding and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (194)
    See also Journal Article Labor Hoarding and the Business Cycle, Journal of Political Economy, University of Chicago Press (1993) View citations (326) (1993)

Journal Articles

2020

1. On the Asset Market View of Exchange Rates
   The Review of Financial Studies, 2020, 33, (1), 239-260 View citations (4)
   See also Working Paper On the Asset Market View of Exchange Rates, NBER Working Papers (2012) View citations (1) (2012)

2016

2. Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns
   Journal of Financial Econometrics, 2016, 14, (2), 295-330 View citations (32)
   See also Working Paper Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns, NBER Working Papers (2010) View citations (9) (2010)
3. Understanding Booms and Busts in Housing Markets
   Journal of Political Economy, 2016, 124, (4), 1088 - 1147 View citations (171)
   See also Working Paper Understanding Booms and Busts in Housing Markets, 2012 Meeting Papers (2012) View citations (5) (2012)

2014

4. The carry trade in industrialized and emerging markets
   Journal Economía Chilena (The Chilean Economy), 2014, 17, (2), 48-78 View citations (9)
   See also Chapter The Carry Trade in Industrialized and Emerging Markets, Central Banking, Analysis, and Economic Policies Book Series, 2015, 20, 245-280 (2015) View citations (3) (2015)

2013

5. New Zealand's risk premium
   New Zealand Economic Papers, 2013, 47, (1), 27-52 View citations (5)

2011

6. Carry Trade and Momentum in Currency Markets
   Annual Review of Financial Economics, 2011, 3, (1), 511-535 View citations (118)
   See also Working Paper Carry Trade and Momentum in Currency Markets, NBER Working Papers (2011) View citations (121) (2011)
7. Do Peso Problems Explain the Returns to the Carry Trade?
   The Review of Financial Studies, 2011, 24, (3), 853-891 View citations (250)
   See also Working Paper Do Peso Problems Explain the Returns to the Carry Trade?, Working Papers (2010) View citations (42) (2010)
8. Investor Overconfidence and the Forward Premium Puzzle
   The Review of Economic Studies, 2011, 78, (2), 523-558 View citations (57)
   See also Working Paper Investor Overconfidence and the Forward Premium Puzzle, Working Papers (2010) View citations (7) (2010)
9. The Cross Section of Foreign Currency Risk Premia and Consumption Growth Risk: Comment
   American Economic Review, 2011, 101, (7), 3456-76 View citations (83)
   See also Working Paper The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk: A Comment, Working Papers (2010) (2010)

2009

10. Understanding the Forward Premium Puzzle: A Microstructure Approach
    American Economic Journal: Macroeconomics, 2009, 1, (2), 127-54 View citations (68)
    See also Working Paper Understanding the Forward Premium Puzzle: A Microstructure Approach, NBER Working Papers (2007) View citations (20) (2007)

2008

11. Carry Trade: The Gains of Diversification
    Journal of the European Economic Association, 2008, 6, (2-3), 581-588 View citations (47)

2007

12. The Returns to Currency Speculation in Emerging Markets
    American Economic Review, 2007, 97, (2), 333-338 View citations (112)
    See also Working Paper The Returns to Currency Speculation in Emerging Markets, CEPR Discussion Papers (2007) View citations (111) (2007)

2006

13. Government finance in the wake of currency crises
    Journal of Monetary Economics, 2006, 53, (3), 401-440 View citations (28)
    See also Working Paper Government Finance in the Wake of Currency Crises, 2005 Meeting Papers (2005) View citations (1) (2005)

2005

14. Hiccups for HIPCs? Implications of Debt Relief for Fiscal Sustainability and Monetary Policy
    The B.E. Journal of Macroeconomics, 2005, 5, (1), 39 View citations (3)

2004

15. Aid, Policies, and Growth: Reply
    American Economic Review, 2004, 94, (3), 781-784 View citations (72)
16. Currency crises and contingent liabilities
    Journal of International Economics, 2004, 62, (1), 25-52 View citations (14)
17. Fiscal shocks and their consequences
    Journal of Economic Theory, 2004, 115, (1), 89-117 View citations (347)
    See also Working Paper Fiscal Shocks and Their Consequences, NBER Working Papers (2003) View citations (57) (2003)
18. Government guarantees and self-fulfilling speculative attacks
    Journal of Economic Theory, 2004, 119, (1), 31-63 View citations (86)
19. The Research Agenda: Craig Burnside on the Causes and Consequences of Twin Banking-Currency Crises
    EconomicDynamics Newsletter, 2004, 5, (2)

2002

20. On Contingent Liabilities and the Likelihood of Fiscal Crises&ast
    Comparative Economic Studies, 2002, 44, (1), 1-14

2001

21. Hedging and financial fragility in fixed exchange rate regimes
    European Economic Review, 2001, 45, (7), 1151-1193 View citations (148)
    See also Working Paper Hedging and Financial Fragility in Fixed Exchange Rate Regimes, NBER Working Papers (1999) View citations (67) (1999)
22. Prospective Deficits and the Asian Currency Crisis
    Journal of Political Economy, 2001, 109, (6), 1155-1197 View citations (187)
    See also Working Paper Prospective deficits and the asian currency crisis, Policy Research Working Paper Series (1999) View citations (12) (1999)

2000

23. Aid, Policies, and Growth
    American Economic Review, 2000, 90, (4), 847-868 View citations (1378)
    See also Working Paper Aid, policies, and growth, Policy Research Working Paper Series (1997) View citations (239) (1997)
24. Understanding the Korean and Thai currency crises
    Economic Perspectives, 2000, 25, (Q III), 45-60 View citations (3)

1999

25. Saving in Mexico: The National and International Evidence
    Economía Mexicana NUEVA ÉPOCA, 1999, VIII, (2), 181-230 View citations (1)

1998

26. Detrending and business cycle facts: A comment
    Journal of Monetary Economics, 1998, 41, (3), 513-532 View citations (93)
27. Solving asset pricing models with Gaussian shocks
    Journal of Economic Dynamics and Control, 1998, 22, (3), 329-340 View citations (66)

1996

28. Factor-Hoarding and the Propagation of Business-Cycle Shocks
    American Economic Review, 1996, 86, (5), 1154-74 View citations (329)
    See also Working Paper Factor Hoarding and the Propagation of Business Cycles Shocks, NBER Working Papers (1994) View citations (33) (1994)
29. Industry innovation: where and why A comment
    Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), 151-167 View citations (2)
30. Production function regressions, returns to scale, and externalities
    Journal of Monetary Economics, 1996, 37, (2-3), 177-201 View citations (238)
31. Sectoral Solow residuals
    European Economic Review, 1996, 40, (3-5), 861-869 View citations (67)
    See also Working Paper Sectoral Solow Residuals, NBER Working Papers (1995) View citations (5) (1995)
32. Small-Sample Properties of GMM-Based Wald Tests
    Journal of Business & Economic Statistics, 1996, 14, (3), 294-308 View citations (52)

1994

33. Hansen-Jagannathan Bounds as Classical Tests of Asset-Pricing Models
    Journal of Business & Economic Statistics, 1994, 12, (1), 57-79 View citations (38)

1993

34. Consistency of a Method of Moments Estimator Based on Numerical Solutions to Asset Pricing Models
    Econometric Theory, 1993, 9, (4), 602-632 View citations (1)
35. Labor Hoarding and the Business Cycle
    Journal of Political Economy, 1993, 101, (2), 245-73 View citations (326)
    See also Working Paper Labor Hoarding and the Business Cycle, NBER Working Papers (1990) View citations (194) (1990)

Chapters

2015

1. The Carry Trade in Industrialized and Emerging Markets
   Chapter 08 in Global Liquidity, Spillovers to Emerging Markets and Policy Responses, 2015, vol. 20, pp 245-280 View citations (3)
   See also Journal Article The carry trade in industrialized and emerging markets, Central Bank of Chile (2014) View citations (9) (2014)

2009

2. Comment on "Carry Trades and Currency Crashes"
   A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 349-359 View citations (5)

2003

3. On the Fiscal Implications of Twin Crises
   A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 187-223 View citations (20)
   See also Working Paper On the Fiscal Implications of Twin Crises, National Bureau of Economic Research, Inc (2001) View citations (12) (2001)

1995

4. Capital Utilization and Returns to Scale
   A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 67-124 View citations (261)
   See also Working Paper Capital Utilization and Returns to Scale, University of Rochester - Center for Economic Research (RCER) (1995) View citations (278) (1995)

Software Items

2001

1. Matlab code for On the Fiscal Implications of Twin Crises
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles

2000

2. Matlab code for Real Business Cycle Models: Linear Approximation and GMM Estimation
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles

1999

3. Matlab code for Discrete State-Space Methods for the Study of Dynamic Economies
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles

1998

4. Discrete State-Space Methods for the Study of Dynamic Economies
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (8)