Photo of Bora Durdu

Bora Durdu

Education

  • Ph.D., Economics, University of Maryland, 2006
  • M.A., Economics, University of Maryland, 2004
  • B.S., Industrial Engineering, Bilkent University, 2001
Current Research Topics
  • Monetary policy-financial stability interaction
  • Macroprudential Policies, Solution Methods
  • Assistant Director

    Federal Reserve Board

    2020 - present
  • Section Chief

    Federal Reserve Board

    2015 - 2020
  • Group Manager

    Federal Reserve Board

    2014 - 2015
  • Senior Economist

    Federal Reserve Board

    2013 - 2014
  • Economist

    Federal Reserve Board

    2007 - 2013
  • Economist

    Congressional Budget Office

    2006 - 2007
  • Adjunct Professor

    University of Maryland

    2019
  • Adjunct Professor

    University of Maryland

    2014 - 2015
  • Adjunct Professor

    Georgetown University

    2010 - 2012
  • Dissertation Intern

    Federal Reserve Board

    2005
  • The Role of US Monetary Policy in Banking Crises Across the World
    C. Bora Durdu, Alex Martin, and Ilknur Zer
    IMF Economic Review (2020)
    https://doi.org/10.1057/s41308-020-00109-1
  • Approximately Right?: Global v. Local Methods for Open-Economy Models with Incomplete Markets
    Oliver de Groot, C. Bora Durdu, and Enrique G. Mendoza
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.006
  • Understanding Bank and Nonbank Credit Cycles: A Structural Exploration
    C. Bora Durdu and Molin Zhong
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.031
  • Measuring the Severity of Stress-Test Scenarios
    Bora Durdu, Rochelle Edge, and Daniel Schwindt
    FEDS Notes (2017)
    https://doi.org/10.17016/2380-7172.1970
  • Emerging Market Business Cycles: The Role of Labor Market Frictions
    Emine Boz, Ceyhun Bora Durdu, and Nan Li
    Journal of Money, Credit and Banking (2015)
    https://doi.org/10.1111/jmcb.12168
  • Emerging Market Business Cycles: recent advances
    Ceyhun Bora Durdu
    International Economic Journal (2013)
    https://doi.org/10.1080/10168737.2013.796110
  • News and Sovereign Default Risk in Small Open Economies
    C. Bora Durdu, Ricardo Nunes, and Horacio Sapriza
    Journal of International Economics (2013)
    https://doi.org/10.1016/j.jinteco.2013.04.002
  • On the solvency of nations: Cross-country evidence on the dynamics of external adjustment
    C. Bora Durdu, Enrique G. Mendoza, and Marco E. Terrones
    Journal of International Money and Finance (2013)
    https://doi.org/10.1016/j.jimonfin.2012.07.002
  • Emerging Market Business Cycles: Learning about the Trend
    Emine Boz, Christian Daude, and Ceyhun Bora Durdu
    Journal of Monetary Economics (2011)
    https://doi.org/10.1016/j.jmoneco.2011.11.003
  • Review of 'Emerging Markets Resilience and Growth amid Global Turmoil' by M. Ayhan Kose and Eswar S. Prasad
    Ceyhun Bora Durdu
    Journal of International Economics (2011)
    https://doi.org/10.1016/j.jinteco.2011.05.009
  • Emerging Market Business Cycles with Remittance Fluctuations
    Ceyhun Bora Durdu and Serdar Sayan
    IMF Economic Review (2010)
    https://doi.org/10.1057/imfsp.2009.3
  • Quantitative Implications of Indexed Bonds in Small Open Economies
    Ceyhun Bora Durdu
    Journal of Economic Dynamics & Control (2009)
    https://doi.org/10.1016/j.jedc.2008.09.006
  • Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism
    Ceyhun Bora Durdu, Enrique G. Mendoza, and Marco E. Terrones
    Journal of Development Economics (2009)
    https://doi.org/10.1016/j.jdeveco.2008.01.010
  • Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff
    Ceyhun Bora Durdu and Enrique G. Mendoza
    Journal of International Economics (2006)
    https://doi.org/10.1016/j.jinteco.2005.05.006
  • seminar

    2020

    UC Santa Cruz

  • conference

    2019

    NBER Summer Institute, Midwest Macro Meetings, Computing in Economics and Finance

  • conference

    2018

    Society for Economic Dynamics, Central Bank Modeling Workshop

  • seminar

    2017

    Norges Bank, University of Oslo

  • conference

    2017

    Computing in Economics and Finance

  • seminar

    2016

    European Central Bank, George Washington University

  • conference

    2016

    AREUEA, Canadian Economic Association, Society for Economic Dynamics, IMF-FRB workshop on the interaction of monetary policy and financial stability

  • seminar

    2015

    University of Maryland

  • conference

    2015

    Sytem Committe on International Economic Analysis

  • conference

    2014

    Winter Meetings of Econometric Society, Society for Economic Dynamics, Summer Meetings of Econometric Society, NBER IFM Summer Institute

  • seminar

    2014

    The Central Bank of Turkey, TOBB ETU

  • conference

    2013

    ASSA Meetings, Summer Meetings of Econometric Society, Society for Economic Dynamics, Central Bank Macroeconomic Modelling Workshop

  • seminar

    2012

    Federal Reserve Bank of Boston, Indiana University

  • conference

    2012

    Seoul National University

  • discussion

    2012

    System Commitee on International Economic Analysis

  • conference

    2011

    Challenges in Open-Economy Macroeconomics after the Financial Crisis, FRB St. Louis; Econometric Society Summer Meetings; ASSA Meetings; SNDE Meetings

  • seminar

    2011

    Federal Reserve Bank of New York, Federal Reserve Bank of Dallas

  • discussion

    2010

    ASSA Meetings, IMF Conference on Systemic Risk and Macroprudential Tools

  • seminar

    2010

    Federal Reserve Bank of Philadelphia, World Bank, Georgetown University, Federal Reserve Board

  • conference

    2010

    Sovereign Debt Conference Hertie School, Berlin, Germany, Society for Economic Dynamics, Midwest Macro Meetings

  • seminar

    2009

    Institute for Advanced Studies, Vienna, Austria; Singapore Management University; National University of Singapore

  • seminar

    2009

    Bank of Canada, International Monetary Fund, Inter American Development Bank, Federal Reserve Board, Central Bank of Turkey

  • conference

    2009

    NBER IFM Spring Meetings, Summer Meetings of Econometric Society

  • conference

    2008

    Midwest Macro Meetings, System Commitee on International Economic Analysis

  • seminar

    2008

    Duke University, Ohio State University, Rutgers University, Federal Reserve Board

  • conference

    2008

    15th World Congress of the International Economic Association; European Meetings of the Econometric Society

  • seminar

    2007

    Federal Reserve Board, Congressional Budget Office

  • conference

    2007

    NBER IFM Fall Meetings; Society for Economic Dynamics; Society for Computational Economics; New Perspective on Financial Globalization, IMF-Cornell

  • discussion

    2008

    Remittances and the Macroeconomy Conference, Federal Reserve Bank of Atlanta

  • conference

    2006

    Society for Computational Economics

  • seminar

    2006

    Federal Reserve Bank of Dallas, Congressional Budget Office, Bilkent University, Koc University, Sabanci University, Central Bank of Turkey, TOBB ETU

  • conference

    2005

    Midwest Macro Meetings; Inter-University Conference, Princeton University,

  • seminar

    2005

    Federal Reserve Board, University of Maryland

  • conference

    2004

    Emerging Markets and Macroeconomic Volatility Conference, Federal Reserve Bank of San Francisco

  • seminar

    2004

    Bank of England; University of Maryland

Awards
  • 2016

    Federal Reserve Board

    Special Achievement Award

  • 2016

    Journal of International Economics

    Outstanding Reviewer Award

  • 2006

    Society for Computational Economics

    First Prize, the Student Prize Competition

  • 2005

    Federal Reserve Board

    Dissertation Internship

  • 2005

    Department of Economics, University of Maryland

    Summer Research Grant

  • 1997

    Bilkent University

    Merit Scholarship (1997-2001)

Referee
  • Review of Economic Studies
  • Journal of Monetary Economics
  • Journal of International Economics
  • American Economic Journal: Macroeconomics
  • International Economic Review
  • Journal of Money Credit and Banking
  • Journal of the European Economic Association
  • Journal of Development Economics
  • European Economic Review
  • Economic Journal
  • Review of Economic Dynamics
  • B.E. Journal of Macroeconomics
  • Journal of International Money and Finance
  • IMF Economic Review
  • Macroeconomic Dynamics
  • Journal of Macroeconomics
  • Economic Letters
  • Canadian Journal of Economics
  • Economica
  • Quarterly Review of Economics and Finance
  • Review of International Economics
  • International Journal of Central Banking
  • International Review of Economics and Finance
  • International Economics
  • CUNY Research Grant
  • METU Studies in Development
Professional Affiliation
  • Member, the Central Bank Research Association (CEBRA), 2015-present
Last update: October 3, 2022