A. Craig Burnside, Mary Grace Wilson Distinguished Professor

Burnside’s fields of specialization include macroeconomics and international finance. His recent research focuses on foreign exchange markets, empirical methods in finance, and the behavior of prices in housing markets.

He has published articles in a number of academic journals, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, and the Review of Financial Studies.

He is a Research Associate of the National Bureau of Economic Research, and was previously a member of the Board of Editors of the American Economic Review (2001-06, 2011-20), Associate Editor for the Review of Economics and Statistics (2012-15), co-editor of the Canadian Journal of Economics (2007-10), and Associate Editor for the Journal of Money Credit and Banking (2003-11).

Contact Info:

Office Location:	221 Social Sciences, Box 90097, Durham, NC 27708
Email Address:
Web Page:	http://people.duke.edu/~acb8/Burnside/Home.html

Teaching (Spring 2025):

• ECON 902.01, MACRO/INTERNATIONAL ECON WKSHP Synopsis

  Social Sciences 113, Tu 01:25 PM-02:40 PM

• ECON 952S.01, MACRO INTERNATIONAL FIN RSRCH Synopsis

  Social Sciences 113, Tu 08:30 AM-09:45 AM

Education:

Ph.D.	Northwestern University	1991
M.A.	Northwestern University	1990
B.A.	University of British Columbia (Canada)	1985

Specialties:

Macroeconomics
Financial Economics

Research Interests:

Burnside’s fields of specialization include macroeconomics and international finance. His recent research focuses on foreign exchange markets, empirical methods in finance, and the behavior of prices in housing markets.

Keywords:

macroeconomics • international macroeconomics • finance • time series econometrics • US business cycles • currency markets • governemt finance • foreign aid

Bio

Current Ph.D. Students   (Former Students)

Working Papers   (More Publications)

1. Craig Burnside and Jeremy J. Graveline, On the Asset Market View of Exchange Rates (July, 2014) [w18646]

Recent Publications   (More Publications)

1. Burnside, AC; Graveline, JJ, On the Asset Market View of Exchange Rates, Review of Financial Studies (January, 2019)
2. Burnside, C; Eichenbaum, M; Rebelo, S, Understanding booms and busts in housing markets, NBER Working Paper 16734, Journal of Political Economy, vol. 124 no. 4 (August, 2016), pp. 1088-1147, University of Chicago Press, ISSN 1537-534X [repository], [doi]  [abs]
3. Burnside, AC, Identification and inference in linear stochastic discount factor models with excess returns, Journal of Financial Econometrics, vol. 14 no. 2 (2016), pp. 295-330, Oxford University Press (OUP), ISSN 1479-8409 [repository], [doi]  [abs]
4. Burnside, AC; Graveline, J, Exchange Rate Determination, Risk Sharing and the Asset Market View, Economic Research Initiatives at Duke (ERID) no. 139 (December, 2012), pp. 49 pages  [abs]
5. Burnside, C, The cross section of foreign currency risk premia and consumption growth risk: Comment, American Economic Review, vol. 101 no. 7 (December, 2011), pp. 3456-3476, American Economic Association, ISSN 0002-8282 [repository], [doi]  [abs]

Conferences Organized

• ERID Conference on Macroeconomics and Finance, Organizer, May 9, 2014 - May 10, 2014