News

  • Evaluation of the Financial Systems of Developing Countries: A Policy Algorithm Using Theory and Data
    May 1, 2013

    Townsend lectured at the University of Chicago's Becker Friedman Insitute on May 7th. He discussed work that provides an algorithm for approaching policy advice related to the financial systems of developing countries (and others) using a combination of theory and data. In this lecture, Townsend provided a brief review of CGE and DSGE models; an applied general equilibrium development approach; and the relationship among these approaches.

  • Deep in the Field
    MIT News
    April 11, 2013

    MIT News writer Peter Dizikes interviews Robert Townsend about his new book "Chronicles from the Field," co-authored by Rob Jordan and Sombat Sakunthasathien.The book details how Townsend spent two decades in rural Thailand, exploring the links between household finances and economic growth.

  • Microfinance in Thailand: The biggest lender of them all
    The Economist
    January 1, 2013

    The Economist blog "Schumpeter" examines Thailand's microfinance program, citing the findings of Robert M. Townsend and Joseph Kaboski's 2011 paper, "A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative."

  • Townsend, Kaboski Awarded 2012 Frisch Medal
    Consortium on Financial Systems and Poverty
    July 2, 2012

    Robert M. Townsend and Joseph Kaboski were awarded the 2012 Frisch medal by the Econometric Society for their article entitled, “A Structural Evaluation of a Large-Scale, Quasi-Experimental Microfinance Initiative.” The article, published in Econometrica in September 2011, is one of the first structural attempts to model and comprehensively evaluate the impact of a large-scale microfinance program, the Thai Million Baht Village Fund program in Thailand. Townsend is the only recipient to be awarded the medal twice.

  • Townsend Interviewed by New York Times' Thomas Fuller
    New York Times
    June 4, 2012

    Robert M. Townsend was quoted by New York Times writer Thomas Fuller in an article discussing Thailand youth's declining interest in rice farming, one of the country's largest export crops. Townsend specifically commented on the relative size of debt of farmers as well as the diversification of income of farming families, who typically also own and run small enterprises in addition to farming. These findings come from Townsend's monthly survey of Thai villages, which has been collecting data since 1998.