A. Craig Burnside

Duke University - Department of Economics

213 Social Sciences Building

Box 90097

Durham, NC 27708-0204

United States

University of Glasgow - Department of Economics

Adam Smith Building

Glasgow, Scotland G12 8RT

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

35

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13,989

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1,043

CROSSREF CITATIONS

1,253

Scholarly Papers (35)

1.

Aid, Policies, and Growth

Number of pages: 54 Posted: 20 Apr 2016
A. Craig Burnside and David Dollar
Duke University - Department of Economics and World Bank - Development Economics Group (DEC)
Downloads 6,716 (1,621)
Citation 68

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2.

Aid, Policies, and Growth: Revisiting the Evidence

Number of pages: 36 Posted: 20 Apr 2016
A. Craig Burnside and David Dollar
Duke University - Department of Economics and World Bank - Development Economics Group (DEC)
Downloads 1,720 (15,625)
Citation 215

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3.
Downloads 1,219 (26,154)
Citation 16

Investor Overconfidence and the Forward Premium Puzzle

Number of pages: 58 Posted: 27 Mar 2008 Last Revised: 31 Mar 2010
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 914 (38,900)
Citation 1

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investor overconfidence, forward discount puzzle, inflation differential, exchange rate overshooting, market efficiency, Purchasing Power Parity

Investor Overconfidence and the Forward Premium Puzzle

Economic Research Initiatives at Duke (ERID) Working Paper No. 47, McCombs Research Paper Series No. FIN-03-10
Number of pages: 61 Posted: 27 Apr 2010 Last Revised: 08 Oct 2010
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 244 (189,625)
Citation 15

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Investor Overconfidence and the Forward Premium Puzzle

NBER Working Paper No. w15866
Number of pages: 61 Posted: 05 Apr 2010 Last Revised: 09 Nov 2022
A. Craig Burnside, Bing Han, David A. Hirshleifer and Tracy Yue Wang
Duke University - Department of Economics, University of Toronto, Rotman School of Management, Marshall School of Business, USC and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 61 (533,553)

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Do Peso Problems Explain the Returns to the Carry Trade?

Economics Research Initiatives at Duke (ERID) Working Paper No. 45
Number of pages: 82 Posted: 27 Apr 2010
Duke University - Department of Economics, Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 446 (98,351)
Citation 115

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Do Peso Problems Explain the Returns to the Carry Trade?

NBER Working Paper No. w14054
Number of pages: 57 Posted: 09 Jun 2008 Last Revised: 27 Nov 2022
Duke University - Department of Economics, Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 88 (433,386)

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Do Peso Problems Explain the Returns to the Carry Trade?

CEPR Discussion Paper No. DP6873
Number of pages: 74 Posted: 20 Aug 2008
Duke University - Department of Economics, Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 5 (949,930)
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carry trade, exchange rates, Uncovered interest parity

Hedging and Financial Fragility in Fixed Exchange Rate Regimes

FRB Chicago Working Paper No. #
Number of pages: 58 Posted: 09 Jun 1999
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 390 (114,951)

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Hedging and Financial Fragility in Fixed Exchange Rate Regimes

NBER Working Paper No. w7143
Number of pages: 59 Posted: 05 Sep 2000 Last Revised: 10 Jul 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 44 (619,529)
Citation 7

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6.

Aid, the Incentive Regime, and Poverty Reduction

Number of pages: 21 Posted: 20 Apr 2016
David Dollar and A. Craig Burnside
World Bank - Development Economics Group (DEC) and Duke University - Department of Economics
Downloads 357 (128,139)
Citation 2

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7.
Downloads 302 (153,228)
Citation 4

The Returns to Currency Speculation

NBER Working Paper No. w12489
Number of pages: 61 Posted: 01 Dec 2006 Last Revised: 18 Aug 2022
Duke University - Department of Economics, Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 251 (184,330)
Citation 2

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The Returns to Currency Speculation

CEPR Discussion Paper No. 5883
Number of pages: 59 Posted: 28 Dec 2006
Duke University - Department of Economics, Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 51 (581,327)
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Exchange Rate Determination, Risk Sharing and the Asset Market View

AFA 2013 San Diego Meetings Paper, Economic Research Initiatives at Duke (ERID) Working Paper No. 139
Number of pages: 49 Posted: 16 Mar 2012 Last Revised: 30 Jan 2013
A. Craig Burnside and Jeremy J. Graveline
Duke University - Department of Economics and University of Minnesota - Carlson School of Management
Downloads 251 (184,330)

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exchange rates, marginal utility, no arbitrage, stochastic discount factors

On the Asset Market View of Exchange Rates

NBER Working Paper No. w18646
Number of pages: 40 Posted: 22 Dec 2012 Last Revised: 14 Dec 2022
A. Craig Burnside and Jeremy J. Graveline
Duke University - Department of Economics and University of Minnesota - Carlson School of Management
Downloads 36 (675,935)
Citation 5

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The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk: A Comment

Duke Department of Economics Research Paper No. 44
Number of pages: 41 Posted: 27 Apr 2010
A. Craig Burnside
Duke University - Department of Economics
Downloads 187 (243,484)
Citation 52

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The Forward Premium is Still a Puzzle

NBER Working Paper No. w13129
Number of pages: 36 Posted: 27 Jun 2007 Last Revised: 17 Nov 2022
A. Craig Burnside
Duke University - Department of Economics
Downloads 93 (418,198)

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10.
Downloads 250 (185,801)
Citation 8

On the Fiscal Implications of Twin Crises

Number of pages: 40 Posted: 22 May 2001
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 186 (244,619)

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Currency Crisis, Banking Crisis, Speculative ATtacks, Seignorage, Fiscal Reform, Bailouts

On the Fiscal Implications of Twin Crises

NBER Working Paper No. w8277
Number of pages: 40 Posted: 05 May 2001 Last Revised: 13 Feb 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 43 (625,377)

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On the Fiscal Implications of Twin Crises

Number of pages: 42 Posted: 23 Aug 2001
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 21 (787,740)
Citation 1
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Bailouts, banking crisis, currency crisis, fiscal reform, seignorage, speculative attacks

Foreign Exchange Order Flow as a Risk Factor

Economic Research Initiatives at Duke (ERID) Working Paper No. 276
Number of pages: 40 Posted: 01 Nov 2018
A. Craig Burnside, Mario Cerrato and Zhekai Zhang
Duke University - Department of Economics, University of Glasgow and University of Glasgow
Downloads 223 (206,918)

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Foreign Exchange Order Flow as a Risk Factor

NBER Working Paper No. w27199
Number of pages: 77 Posted: 26 May 2020 Last Revised: 27 Oct 2022
A. Craig Burnside, Mario Cerrato and Zhekai Zhang
Duke University - Department of Economics, Glasgow University and University of Glasgow
Downloads 17 (824,735)

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12.
Downloads 175 (258,132)
Citation 14

Government Finance in the Wake of Currency Crises

Number of pages: 65 Posted: 16 Jun 2003
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 119 (352,222)

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Currency crisis, banking crisis, speculative attacks, seigniorage, fiscal reform, bailouts

Government Finance in the Wake of Currency Crises

NBER Working Paper No. w9786
Number of pages: 66 Posted: 23 Jun 2003 Last Revised: 29 Sep 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 37 (662,499)
Citation 5

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Government Finance in the Wake of Currency Crises

Number of pages: 68 Posted: 08 Aug 2003
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 19 (805,899)
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Currency crisis, banking crisis, speculative attacks, seigniorage, fiscal reform, bailouts

Empirical Asset Pricing and Statistical Power in the Presence of Weak Risk Factors

Number of pages: 102 Posted: 25 Mar 2008
A. Craig Burnside
Duke University - Department of Economics
Downloads 75 (477,024)

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linear factor models, spurious factors, normalizations, consumption-based asset pricing, GMM

Empirical Asset Pricing and Statistical Power in the Presence of Weak Risk Factors

Duke Department of Economics Research Paper No. 46
Number of pages: 70 Posted: 27 Apr 2010 Last Revised: 23 Aug 2010
A. Craig Burnside
Duke University - Department of Economics
Downloads 65 (516,257)

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Empirical Asset Pricing and Statistical Power in the Presence of Weak Risk Factors

NBER Working Paper No. w13357
Number of pages: 69 Posted: 27 Aug 2007 Last Revised: 01 Jan 2023
A. Craig Burnside
Duke University - Department of Economics
Downloads 31 (704,427)

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14.

Prospective Deficits and the Asian Currency Crises

World Bank Policy Research Working Paper No. 2174, FRB Chicago Working Paper No. 1998-05
Number of pages: 51 Posted: 06 Jan 2005
Sergio T. Rebelo, Martin Eichenbaum and A. Craig Burnside
Northwestern University - Kellogg School of Management, Northwestern University and Duke University - Department of Economics
Downloads 146 (300,272)
Citation 1

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15.
Downloads 142 (307,014)
Citation 60

Carry Trade and Momentum in Currency Markets

NBER Working Paper No. w16942
Number of pages: 44 Posted: 11 Apr 2011 Last Revised: 17 Oct 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 138 (314,727)
Citation 12

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Carry Trade and Momentum in Currency Markets

CEPR Discussion Paper No. DP8343
Number of pages: 46 Posted: 20 Apr 2011
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 4 (962,189)
Citation 14
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Exchange rates, forward rates, uncovered interest parity

Carry Trade and Momentum in Currency Markets

Annual Review of Financial Economics, Vol. 3, pp. 511-535, 2011
Posted: 10 Jan 2012
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management

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16.
Downloads 111 (368,416)
Citation 99

Understanding Booms and Busts in Housing Markets

NBER Working Paper No. w16734
Number of pages: 69 Posted: 31 Jan 2011 Last Revised: 23 Sep 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 55 (561,346)
Citation 38

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Understanding Booms and Busts in Housing Markets

FRB Atlanta CQER Working Paper No. 12-02
Number of pages: 57 Posted: 22 Mar 2015
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 49 (591,869)
Citation 5

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housing prices, real estate, social dynamics

Understanding Booms and Busts in Housing Markets

CEPR Discussion Paper No. DP8232
Number of pages: 59 Posted: 09 Feb 2011
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 7 (927,271)
Citation 23
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housing prices, real estate

17.
Downloads 106 (380,310)
Citation 77

The Returns to Currency Speculation in Emerging Markets

NBER Working Paper No. w12916
Number of pages: 12 Posted: 23 Feb 2007 Last Revised: 17 Oct 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 103 (390,485)
Citation 1

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The Returns to Currency Speculation in Emerging Markets

CEPR Discussion Paper No. DP6148
Number of pages: 14 Posted: 19 May 2008
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 3 (976,005)
Citation 13
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Carry trade, exchange rate, uncovered interest parity

18.

On the Fundamentals of Self-Fulfilling Speculative Attacks

NBER Working Paper No. w7554
Number of pages: 48 Posted: 18 Feb 2000 Last Revised: 24 Aug 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 74 (475,187)

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Understanding the Forward Premium Puzzle: A Microstructure Approach

NBER Working Paper No. w13278
Number of pages: 31 Posted: 23 Jul 2007 Last Revised: 14 Oct 2022
Martin Eichenbaum, A. Craig Burnside and Sergio T. Rebelo
Northwestern University, Duke University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 64 (520,434)

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Understanding the Forward Premium Puzzle: A Microstructure Approach

CEPR Discussion Paper No. DP6399
Number of pages: 33 Posted: 30 May 2008
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 6 (938,374)
Citation 2
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Exchange rates, microstructure, Uncovered interest parity

20.

Carry Trades and Risk

NBER Working Paper No. w17278
Number of pages: 38 Posted: 08 Aug 2011 Last Revised: 18 Sep 2022
A. Craig Burnside
Duke University - Department of Economics
Downloads 69 (493,525)
Citation 6

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21.

The Equity Premium Puzzle

THE NEW PALGRAVE DICTIONARY OF MONEY AND FINANCE, pp. 771-773, Macmillan, 1992
Number of pages: 4 Posted: 07 Mar 2012 Last Revised: 06 Nov 2012
A. Craig Burnside and Thomas H. McCurdy
Duke University - Department of Economics and University of Toronto - Rotman School of Management
Downloads 66 (505,155)
Citation 1

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22.

Hiccups for Hipcs?

NBER Working Paper No. w10903
Number of pages: 42 Posted: 02 Dec 2004 Last Revised: 17 Oct 2022
A. Craig Burnside and Domenico Fanizza
Duke University - Department of Economics and International Monetary Fund (IMF) - Middle East and Central Asia Department
Downloads 59 (538,322)

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23.

Fiscal Shocks and Their Consequences

NBER Working Paper No. w9772
Number of pages: 45 Posted: 15 Jun 2003 Last Revised: 15 Sep 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 58 (538,322)
Citation 12

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24.

Labor Hoarding and the Business Cycle

NBER Working Paper No. w3556
Number of pages: 52 Posted: 17 Oct 2007 Last Revised: 21 Sep 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 51 (570,610)
Citation 7

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25.

Capital Utilization and Returns to Scale

NBER Working Paper No. w5125
Number of pages: 52 Posted: 14 Jul 2000 Last Revised: 02 Jan 2023
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 47 (590,640)
Citation 9

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26.

Factor Hoarding and the Propagation of Business Cycles Shocks

NBER Working Paper No. w4675
Number of pages: 48 Posted: 29 Dec 2000 Last Revised: 12 Oct 2022
A. Craig Burnside and Martin Eichenbaum
Duke University - Department of Economics and Northwestern University
Downloads 46 (595,822)
Citation 2

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27.

Sectoral Solow Residuals

NBER Working Paper No. w5286
Number of pages: 13 Posted: 12 Jul 2000 Last Revised: 12 Dec 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 46 (595,822)
Citation 1

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Prospective Deficits and the Asian Currency Crisis

NBER Working Paper No. w6758
Number of pages: 54 Posted: 13 Jul 2000 Last Revised: 21 Dec 2022
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 44 (619,529)
Citation 14

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Prospective Deficits and the Asian Currency Crisis

Journal of Political Economy, Vol. 109, December 2001
Posted: 28 Jan 2002
A. Craig Burnside, Martin Eichenbaum and Sergio T. Rebelo
Duke University - Department of Economics, Northwestern University and Northwestern University - Kellogg School of Management

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29.

Small Sample Properties of Generalized Method of Moments Based Wald Tests

NBER Working Paper No. t0155
Number of pages: 50 Posted: 11 Jul 2000 Last Revised: 05 Dec 2022
A. Craig Burnside and Martin Eichenbaum
Duke University - Department of Economics and Northwestern University
Downloads 40 (628,859)
Citation 3

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30.

Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns

NBER Working Paper No. w16634
Number of pages: 71 Posted: 27 Dec 2010 Last Revised: 15 Dec 2022
A. Craig Burnside
Duke University - Department of Economics
Downloads 32 (678,213)
Citation 5

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Risk, Volatility, and the Global Cross-Section of Growth Rates

NBER Working Paper No. w15225
Number of pages: 45 Posted: 18 Aug 2009 Last Revised: 06 Feb 2023
A. Craig Burnside and Alexandra Tabova
Duke University - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 32 (696,959)

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Risk, Volatility, and the Global Cross-Section of Growth Rates

Duke Department of Economics Research Paper No. 43
Posted: 28 Apr 2010
Alexandra Tabova and A. Craig Burnside
Board of Governors of the Federal Reserve System and Duke University - Department of Economics

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Volatility, Growt, Growth Rate, Capital Flow, Low-Income Countries, Growth Discrepancies

32.

Fiscal Shocks in an Efficiency Wage Model

NBER Working Paper No. w7515
Number of pages: 23 Posted: 05 May 2000 Last Revised: 16 Jul 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 32 (678,213)

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33.

Assessing the Effects of Fiscal Shocks

NBER Working Paper No. w7459
Number of pages: 45 Posted: 08 Aug 2012 Last Revised: 20 Nov 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 28 (706,612)
Citation 5

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34.

Saving in Mexico: The National and International Experience

Economía Mexicana, VIII (2): 181-230. 1999.
Posted: 05 Oct 2017
A. Craig Burnside, Klaus Schmidt-Hebbel and Luis Servén
Duke University - Department of Economics, Pontificia Universidad Católica de Chile and CEMFI

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35.

Factor-Hoarding and the Propagation of Business-Cycle Shocks

AMERICAN ECONOMIC REVIEW, Vol. 86, No. 5, December 1996
Posted: 24 Feb 1997
A. Craig Burnside and Martin Eichenbaum
Duke University - Department of Economics and Northwestern University

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