Photo of Burcu Duygan-Bump

Burcu Duygan-Bump

Education

  • Ph.D., Economics, Johns Hopkins University, 2004
  • B.A., Economics, Bilkent University, 1996
Current Research Topics
  • Monetary policy, lender of last resort
  • History of Fed's monetary policy toolkit
  • Associate Director

    Board of Governors of the Federal Reserve System

    2021 - present
  • Special Adviser to the Vice Chair

    Board of Governors of the Federal Reserve System

    2020 - 2022
  • Deputy Associate Director

    Board of Governors of the Federal Reserve System

    2019 - 2020
  • Assistant Director

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Adviser

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Senior Project Manager

    Board of Governors of the Federal Reserve System

    2012 - 2014
  • Senior Financial Economist/Manager

    Federal Reserve Bank of Boston

    2009 - 2011
  • Financial Economist

    Federal Reserve Bank of Boston

    2007 - 2009
  • Research Fellow

    European University Institute

    2004 - 2007
  • Economist/Consultant

    World Bank

    2002 - 2004
  • The COVID-19 Crisis and the Federal Reserve’s Policy Response
    Richard H. Clarida, Burcu Duygan-Bump, and Chiara Scotti
    Monetary Policy and Central Banking in the Covid Era (2021)
    See also » FRB Working Paper (2021)
  • "Unconventional" Monetary Policy as Conventional Monetary Policy: A Perspective from the United States in the 1920s
    Mark Carlson and Burcu Duygan-Bump
    International Journal of Central Banking (2021)
  • The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s
    Mark Carlson and Burcu Duygan-Bump
    FEDS Notes (2016)
    https://doi.org/10.17016/2380-7172.1871
  • The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies
    Mark Carlson, Burcu Duygan-Bump, Fabio Natalucci, Bill Nelson, Marcelo Ochoa, Jeremy Stein, and Skander Van den Heuvel
    International Journal of Central Banking (2016)
    See also » FRB Working Paper (2014)
  • Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis
    Mark Carlson, Burcu Duygan-Bump, and William R. Nelson
    Finance and Economics Discussion Series (2015)
    https://doi.org/10.17016/FEDS.2015.011
  • Financing Constraints and Unemployment: Evidence from the Great Recession
    Burcu Duygan-Bump, Alexey Levkov, and Judit Montoriol-Garriga
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2014.12.011
    See also » FRB Working Paper (2014)
  • Who Gets Credit After Bankruptcy and Why? An Information Channel
    Ethan Cohen-Cole, Burcu Duygan-Bump, and Judit Montoriol-Garriga
    Journal of Banking & Finance (2013)
    https://doi.org/10.1016/j.jbankfin.2013.07.036
  • How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
    Burcu Duygan-Bump, Patrick Parkinson, Eric Rosengren, Gustavo A. Suarez, and Paul Willen
    Journal of Finance (2013)
    https://doi.org/10.1111/jofi.12011
  • Financing Constraints and Unemployment: Evidence from the Great Recession
    Burcu Duygan-Bump, Alexey Levkov, and Judit Montoriol-Garriga
    Quantitative Analysis Unit Series Paper (2010)
    See also » FRB Working Paper (2014)
  • Household Debt Repayment Behaviour: What Role do Institutions Play?
    Burcu Duygan-Bump and Charles Grant
    Economic Policy (2009)
    https://doi.org/10.1111/j.1468-0327.2009.00215.x
  • Forgive and Forget: Who Gets Credit after Bankruptcy and Why?
    Ethan Cohen-Cole, Burcu Duygan-Bump, and Judit Montoriol-Garriga
    Quantitative Analysis Unit Series Paper (2009)
  • Looking Behind the Aggregates: A Reply to 'Facts and Myths about the Financial Crisis of 2008'
    Ethan Cohen-Cole, Burcu Duygan-Bump, Jose Fillat, and Judit Montoriol-Garriga
    Quantitative Analysis Unit Series Paper (2008)
  • Household Bankruptcy Decision: The Role of Social Stigma vs. Information Sharing
    Ethan Cohen-Cole and Burcu Duygan-Bump
    Quantitative Analysis Unit Series Paper (2008)
  • Can Trade Help Poor People? The Role of Trade, Trade Policy, and Market Access in Tanzania
    Burcu Duygan-Bump and Jesse B. Bump
    Development Policy Review (2007)
  • Income and Consumption Inequality in Turkey: What Role does Education Play
    Burcu Duygan-Bump and Nezih Guner
    Turkish economy: the real economy, corporate governance and reform (2006)
  • Welfare Cost of Financial Crises When Risk-Sharing is Imperfect: Evidence from Turkey
    Burcu Duygan-Bump
    EUI Finance and Consumption Program Working paper (2006)
  • Aggregate Shocks, Idiosyncratic Risk, and Durable Goods Purchases: Evidence from Turkey's 1994 Financial Crisis
    Burcu Duygan-Bump
    EUI Finance and Consumption Program Working paper (2005)
  • Aggregate Shocks, Idiosyncratic Risk, Consumption, and Risk-Sharing
    Burcu Duygan-Bump
    Johns Hopkins University (2004)
Last update: October 3, 2022