Biography
Burcu Duygan-Bump is a Financial Economist at the Federal Reserve Bank of Boston. Prior to joining the Federal Reserve, she was a research fellow at the European University Institute, and served as an economic consultant to the World Bank in Washington, D.C. She holds M.A. and Ph.D. degrees in economics from the Johns Hopkins University, and has a B.A. from Bilkent University.

Her research focuses on the micro-dynamics of consumption and saving, and their macroeconomic implications. She is primarily interested in understanding the interplay between macroeconomic events—financial crises, policy changes—and household behavior. Some of the questions she has explored include: How do households cope with the labor income or employment risk associated with big macroeconomic shocks? What are some of the risk-sharing mechanisms and their role in enhancing household welfare? What do these events mean for income distribution and poverty, and what are the dynamics of consumption inequality? More recently, she has been looking at financial and judicial institutional development as they impact household borrowing and debt repayment behaviors. In particular, she studies the link between the cost of default, the effect of idiosyncratic shocks, such as unemployment and health problems, and debt repayment behavior.

Education

Ph.D., Johns Hopkins University, 2004

M.A., Johns Hopkins University, 1998

Work experience

European University Institute, Florence, Italy

Research Fellow, February 2004–August 2007

 

Sabancı University, Istanbul, Turkey

Visiting Lecturer, Fall 2006

 

World Bank, Africa Region, Washington, DC

Consultant, October 2004–April 2005; September 2005–April 2006

 

World Bank, International Trade Department, Washington, DC

Economist/Consultant, May 2002–January 2004

 

Other assignments:

 

Johns Hopkins University, Department of Economics

Lecturer, Summers 2000, 2001, and Spring 2003; Teaching Assistant, Fall 1997–Spring 2002

 

Johns Hopkins University, School of Public Health

Research Assistant, Fall 2000–Spring 2002

 

Bilkent University, Department of Economics

Visiting Lecturer, Summer 1999

 

World Bank, Private Sector Development Division

 

Summer Intern, Summer 1998

 

Publications

“Household Debt Repayment Behaviour: What role do institutions play?" joint with C. Grant, Economic Policy, forthcoming January 2009.

“Can Trade Help Poor People? The Role of Trade, Trade Policy, and Market Access in Tanzania,” joint with J.B. Bump, Development Policy Review: 25 (3), pp. 293–310, 2007.

“Income and Consumption Inequality in Turkey: What role does education play,” joint with N. Guner, in The Turkish Economy: The Real Economy, Corporate Governance and Reform and Stabilization Policy, S. Altug and A. Filiztekin (eds.), pp. 63–91, Routledge, 2006.

Working papers

“Household Bankruptcy Decision: The Role of Social Stigma vs. Information Sharing,” joint with E. Cohen-Cole, July 2008.

“Household Debt Repayment Behaviour: What Role Do Institutions Play?” joint with C. Grant, FRB Boston QAU Series, paper no. No. QAU08-3 (2008).

“Welfare Cost of Financial Crises When Risk-Sharing is Imperfect: Evidence from Turkey,” EUI Finance and Consumption Program working paper, 2006. (Revise and resubmit, Journal of Development Economics.)

“Aggregate Shocks, Idiosyncratic Risk, and Durable Goods Purchases: Evidence from Turkey’s 1994 Financial Crisis,” EUI Finance and Consumption Program working paper, 2005. (Under review.)

“Consumption Patterns During Financial Crises: An International Comparison,” 2004.

Other material

“International Trade and Poverty: Can Trade Policy, Market Access, and Export Crop Productivity Play a Role in Reducing Uganda’s Poverty,” background paper for the “Diagnostic Trade Integration Study for Uganda,” World Bank working document, April 2006. 

“How Can Increased Trade Help Poor Households in Tanzania? Identifying The Role of Trade, Trade Policy, and Market Access,” background paper for the “Diagnostic Trade Integration Study for Tanzania,” World Bank working document, 2005.

“Trade and Poverty in Mali," joint with N. Diop, in “Diagnostic Trade Integration Study for Mali,” World Bank working document, 2003.

“Impact of Trade and Trade Related Policy Reforms on Poverty in Nepal,” joint with B. Sivri, in “Diagnostic Trade Integration Study for Nepal,” World Bank working document, 2003.

“Studying the Political Economy of Trade and Trade Policy: A Short Note on Ideal Household Survey Design,” World Bank working document, 2002.