Publications

"Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics." Robert M. Townsend. Annual Review of Economics. Ed. Kenneth Arrow and Timothy Bresnahan. Vol. 2, 2010: 507-546. ABSTRACT PDF

"Monetary Theory and Electronic Money: Reflections on the Kenyan Experience." William Jack, Tavneet Suri, and Robert M. Townsend. Economic Quarterly 96(1), 2010: 83-122. LINK

"Rainfall Insurance in Semi-Arid India: Contract Design, Household Participation and Future Prospects." Xavier Gine, Robert M. Townsend, and James Vickery. In Weather Risk Management, K. Tang (ed.), London: Risk Books, 2010. LINK

"Welfare Gains from Financial Liberalization." Robert M. Townsend and Kenichi Ueda. International Economic Review 51(3), August 2010: 553-597. ABSTRACT PDF

"Forecasting when it Matters: Evidence from Semi-Arid India." Xavier Gine, Robert M. Townsend, and James Vickery, World Bank mimeo, 2009.

"Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting."  Krislert Samphantharak and Robert M. Townsend. Econometric Society Monograph Series No. 46, December 2009. LINK

"Impact of Climate Change on Rice Production in Thailand." John Felkner, Kamilya Tazhibayeva, and Robert Townsend. American Economic Review 99(2), May 2009: 1-10. ABSTRACT PDF

"Measuring the Impact of Financial Intermediation: Linking Contract Theory to Econometric Policy Evaluation." Robert M. Townsend and Sergio Urzua. Macroeconomic Dynamics 13 (S2), September 2009: 268-316. ABSTRACT PDF

"Endogenous Groups and Dynamic Selection in Mechanism Design." Gabriel Madeira and Robert M. Townsend. Journal of Economic Theory 142(1), September 2008: 259-93. ABSTRACT PDF

"Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy." Hyeok Jeong and Robert M. Townsend. Macroeconomic Dynamics Special Issue on Inequality 12; Supplement S2, September 2008: 231-84. ABSTRACT PDF

"Introduction to Macroeconomic Dynamics Special Issue: Inequality." Robert M. Townsend. Macroeconomic Dynamics 12; Supplement S2, September 2008: 149-53. PDF

"Patterns of Rainfall Insurance Participation in Rural India." Xavier Gine, Robert M. Townsend, and James Vickery. World Bank Economic Review 22(3), November 2008: 539-566. ABSTRACT LINK

"Evaluating the Financial Systems of Emerging Market Economics." Robert M. Townsend. Jacob Marschak 2007 Memorial Lecture Presentation. Presented at LACEA-LAMES in Bogota, Colombia, October 5, 2007. PDF

"Selection Into and Across Credit Contracts: Theory and Field Research." Christian Ahlin and Robert M. Townsend. Journal of Econometrics 136(2), February 2007: 665-98. ABSTRACT PDF

"Sources of TFP Growth: Occupational Choice and Financial Deepening." Hyeok Jeong and Robert M. Townsend. Economic Theory Special Edition Honoring Edward Prescott 32(1), July 2007: 179-221. ABSTRACT PDF

"Statistical Analysis of Rainfall Insurance Payouts in Southern India." Xavier Gine, Robert M. Townsend, and James Vickery. American Journal of Agricultural Economics 89(5), December 2007: 1248_1254. PDF

"Using Repayment Data to Test Across Models of Joint Liability Lending." Christian Ahlin and Robert M. Townsend. Economic Journal 117(517), March 2007: F11-F51.B63. ABSTRACT PDF

"Credit, Intermediation and Poverty Reduction." Robert M. Townsend. In Understanding Poverty. Eds. Abhijit Banerjee, Roland Benabou, Dilip Mookherjee; Oxford University Press, 2006. PDF

"Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship." Alex Karaivanov, Anna L. Pauson, and Robert M. Townsend. Journal of Political Economy 114(1), February 2006: 100-144. ABSTRACT PDF

"Dynamic Mechanism Design with Hidden Income and Hidden Auctions." Matthias Doepke and Robert M. Townsend. Journal of Economic Theory 126(1), January 2006: 235-285. ABSTRACT PDF

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