Prof Craig Burnside

- Research Professor of Economics (Economics)
email: Craig.Burnside@glasgow.ac.uk
Research interests
- Macroeconomics
- International Finance
- Financial Economics
Biography
BA (Hons), University of British Columbia, 1985
PhD, Northwestern University, 1991
Professor, Duke University, 2004-
Professor, University of Virginia, 2002-04
Economist, Senior Economist & Lead Economist, World Bank, 1995-2002
Assistant Professor, University of Pittsburgh, 1992-95
Assistant Professor, Queen's University, 1990-92.
Research Associate, National Bureau of Economic Research
Article
Burnside, C. (2011) The cross section of foreign currency risk premia and consumption growth risk: comment. American Economic Review, 101 (7). pp. 3456-3476. ISSN 0002-8282 (doi:10.1257/aer.101.7.3456)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2011) Carry trade and momentum in currency markets. Annual Review of Financial Economics, 3 (1). pp. 511-535. ISSN 1941-1367 (doi:10.1146/annurev-financial-102710-144913)
Burnside, C., Han, B., Hirshleifer, D., and Wang, T.Y. (2011) Investor overconfidence and the forward premium puzzle. Review of Economic Studies, 78 (2). pp. 523-558. ISSN 0034-6527 (doi:10.1093/restud/rdq013)
Burnside, C., Eichenbaum, M., Kleshchelski, I., and Rebelo, S. (2011) Do peso problems explain the returns to the carry trade? Review of Financial Studies, 24 (3). pp. 853-891. ISSN 0893-9454 (doi:10.1093/rfs/hhq138)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2009) Understanding the forward premium puzzle: a microstructure approach. American Economic Journal: Macroeconomics, 1 (2). pp. 127-154. ISSN 1945-7707 (doi:10.1257/mac.1.2.127)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2008) Carry trade: the gains of diversification. Journal of the European Economic Association, 6 (2-3). pp. 581-588. ISSN 1542-4766 (doi:10.1162/JEEA.2008.6.2-3.581)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2007) The returns to currency speculation in emerging markets. American Economic Review, 97 (2). pp. 333-338. ISSN 0002-8282 (doi:10.1257/aer.97.2.333)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2006) Government finance in the wake of currency crises. Journal of Monetary Economics, 53 (3). pp. 401-440. ISSN 0304-3932 (doi:10.1016/j.jmoneco.2005.03.012)
Burnside, C., and Fanizza, D. (2005) Hiccups for HIPCs? Implications of debt relief for fiscal sustainability and monetary policy. Contributions to Macroeconomics, 5 (1). pp. 1-37. ISSN 1534-6005 (doi:10.2202/1534-6005.1133)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2004) Government guarantees and self-fulfilling speculative attacks. Journal of Economic Theory, 119 (1). pp. 31-63. ISSN 0022-0531 (doi:10.1016/j.jet.2003.06.002)
Burnside, C., and Dollar, D. (2004) Aid, policies, and growth: reply. American Economic Review, 94 (3). pp. 781-784. ISSN 0002-8282 (doi:10.1257/0002828041464524)
Burnside, C., Eichenbaum, M., and Fisher, J. (2004) Fiscal shocks and their consequences. Journal of Economic Theory, 115 (1). pp. 89-117. ISSN 0022-0531 (doi:10.1016/S0022-0531(03)00252-7)
Burnside, C. (2004) Currency crises and contingent liabilities. Journal of International Economics, 62 (1). pp. 25-52. ISSN 0022-1996 (doi:10.1016/j.jinteco.2003.07.003)
Burnside, C. (2002) On contingent liabilities and the likelihood of fiscal crises. Comparative Economic Studies, 44 (1). pp. 1-14. ISSN 0888-7233 (doi:10.1057/ces.2002.2)
Burnside, C., Eichenbaum, M., and Rebelo, S. (2001) Prospective deficits and the Asian currency crisis. Journal of Political Economy, 109 (6). pp. 1155-1197. ISSN 0022-3808 (doi:10.1086/323271)
Burnside, C. (2001) Hedging and financial fragility in fixed exchange rate regimes. European Economic Review, 45 (7). pp. 1151-1193. ISSN 0014-2921 (doi:10.1016/S0014-2921(01)00090-3)
Burnside, C., and Dollar, D. (2000) Aid, policies, and growth. American Economic Review, 90 (4). pp. 847-868. ISSN 0002-8282 (doi:10.1257/aer.90.4.847)
Burnside, C. (1998) Detrending and business cycle facts: a comment. Journal of Monetary Economics, 41 (3). pp. 513-532. ISSN 0304-3932 (doi:10.1016/S0304-3932(98)00007-5)
Burnside, C. (1998) Solving asset pricing models with Gaussian shocks. Journal of Economic Dynamics and Control, 22 (3). pp. 329-340. ISSN 0165-1889 (doi:10.1016/S0165-1889(97)00075-4)
Burnside, C. (1996) Sectoral Solow residuals. European Economic Review, 40 (3-5). pp. 861-869. ISSN 0014-2921 (doi:10.1016/0014-2921(95)00095-X)
Burnside, C. (1996) Industry innovation: where and why - a comment. Carnegie-Rochester Conference Series on Public Policy, 44 . pp. 151-167. ISSN 0167-2231 (doi:10.1016/S0167-2231(96)90009-3)
Burnside, C. (1996) Production function regressions, returns to scale, and externalities. Journal of Monetary Economics, 37 (2). pp. 177-201. ISSN 0304-3932 (doi:10.1016/S0304-3932(96)90033-1)
Burnside, C., and Eichenbaum, M. (1996) Factor-hoarding and the propagation of business-cycle shocks. American Economic Review, 86 (5). pp. 1154-1174. ISSN 0002-8282
Burnside, C., and Eichenbaum, M. (1996) Small-sample properties of GMM-based Wald tests. Journal of Business and Economic Statistics, 14 (3). pp. 294-308. ISSN 0735-0015 (doi:10.2307/1392444)
Burnside, C. (1994) Hansen-Jagannathan bounds as classical tests of asset-pricing models. Journal of Business and Economic Statistics, 12 (1). pp. 57-79. ISSN 0735-0015 (doi:10.2307/1391924)
Burnside, C. (1993) Consistency of a method of moments estimator based on numerical solutions to asset pricing models. Econometric Theory, 9 (4). pp. 602-632. ISSN 0266-4666 (doi:10.1017/S0266466600008008)
Burnside, C., Eichenbaum, M., and Rebelo, S. (1993) Labor hoarding and the business cycle. Journal of Political Economy, 101 (2). pp. 245-273. ISSN 0022-3808
Book Section
Burnside, C. (2012) Carry trades and risk. In: Sarno, L., James, J. and Marsh, I.W. (eds.) Handbook of Exchange Rates. Series: Wiley handbooks in financial engineering and econometrics . Wiley. ISBN 9780470768839
Burnside, C. (2009) Comment on "Carry trades and currency crashes". In: Acemoglu, D., Rogoff, K. and Woodford, M. (eds.) NBER Macroeconomics Annual 2008. University of Chicago Press, pp. 349-359.
Research Report or Paper
Burnside, C., Eichenbaum, M., and Rebelo, S. (2011) Understanding Booms and Busts in Housing Markets. Working Paper. National Bureau of Economic Research, Cambridge, MA.
- National Fellow, Hoover Institution, 1998-99
- Board of Editors, American Economic Review (2001-06, 2011-)
- Co-editor, Canadian Journal of Economics (2007-10)
- Associate Editor, Review of Economics and Statistics (2012-)
- Associate Editor, Journal of Money, Credit and Banking (2003-11)
