Robert M. Townsend

MIT - Department of Economics

Professor

Bldg. E52-252c

50 Memorial Drive

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 19,437

SSRN RANKINGS

Top 19,437

in Total Papers Downloads

4,727

SSRN CITATIONS
Rank 4,799

SSRN RANKINGS

Top 4,799

in Total Papers Citations

170

CROSSREF CITATIONS

191

Scholarly Papers (22)

1.

Monetary Theory and Electronic Money: Reflections on the Kenyan Experience

FRB Richmond Economic Quarterly, vol. 96, no. 1, First Quarter 2010, pp. 83-122
Number of pages: 40 Posted: 16 Dec 2012
William Jack, Tavneet Suri and Robert M. Townsend
World Bank, Massachusetts Institute of Technology (MIT) - Sloan School of Management and MIT - Department of Economics
Downloads 878 (49,439)
Citation 2

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2.

Households as Corporate Firms: Constructing Financial Statements from Integrated Household Surveys

Number of pages: 70 Posted: 27 Jun 2006
Krislert Samphantharak and Robert M. Townsend
University of California, San Diego - School of Global Policy and Strategy and MIT - Department of Economics
Downloads 521 (97,054)
Citation 4

Abstract:

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financial accounting, development economics, households, survey methods, measurement, risk, rates of return, liquidity

3.

The Impacts of Credit on Village Economies

MIT Department of Economics Working Paper No. 09-13
Number of pages: 46 Posted: 30 Apr 2009
Joseph P. Kaboski and Robert M. Townsend
Ohio State University (OSU) - Economics and MIT - Department of Economics
Downloads 519 (97,481)
Citation 48

Abstract:

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microfinance, finance and growth, credit constraints

4.

Supplier Relationships and Small Business Use of Trade Credit

FRB Chicago Working Paper No. 2000-28
Number of pages: 41 Posted: 04 Feb 2001
Daniel Aaronson, Raphael W. Bostic, Paul Huck and Robert M. Townsend
Federal Reserve Bank of Chicago, Federal Reserve Bank of Atlanta, Federal Reserve Bank of Chicago and MIT - Department of Economics
Downloads 422 (124,783)
Citation 3

Abstract:

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Patterns of Rainfall Insurance Participation in Rural India

World Bank Policy Research Working Paper No. 4408
Number of pages: 44 Posted: 20 Apr 2016
Xavier Giné, Robert M. Townsend and James I. Vickery
World Bank - Development Research Group (DECRG), MIT - Department of Economics and Federal Reserve Bank of Philadelphia
Downloads 197 (272,602)

Abstract:

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Access to Finance, Banks & Banking Reform, Debt Markets, Insurance & Risk Mitigation

Patterns of Rainfall Insurance Participation in Rural India

FRB of New York Staff Report No. 302
Number of pages: 46 Posted: 13 Sep 2007
Xavier Giné, Robert M. Townsend and James I. Vickery
World Bank - Development Research Group (DECRG), MIT - Department of Economics and Federal Reserve Bank of Philadelphia
Downloads 176 (301,734)
Citation 41

Abstract:

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rainfall insurance, household finance, risk sharing, India

Patterns of Rainfall Insurance Participation in Rural India

The World Bank Economic Review, Vol. 22, No. 3, pp. 539-566, 2008
Posted: 31 Dec 2008
Xavier Giné, Robert M. Townsend and James I. Vickery
World Bank - Development Research Group (DECRG), MIT - Department of Economics and Federal Reserve Bank of Philadelphia

Abstract:

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O10, O16, G2, G22

6.

Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening

Number of pages: 76 Posted: 30 Mar 2005
Hyeok Jeong and Robert M. Townsend
University of Southern California - Department of Economics and MIT - Department of Economics
Downloads 192 (279,696)
Citation 11

Abstract:

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Total Factor Productivity, Occupation Choice, Financial Deepening

7.

A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative

MIT Department of Economics Working Paper No. 09-12
Number of pages: 59 Posted: 30 Apr 2009
Joseph P. Kaboski and Robert M. Townsend
Ohio State University (OSU) - Economics and MIT - Department of Economics
Downloads 189 (283,619)
Citation 42

Abstract:

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microfinance, buffer stock, credit constraint

8.

Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation

IMF Working Paper No. 03/193
Number of pages: 65 Posted: 06 Feb 2006
Robert M. Townsend and Kenichi Ueda
MIT - Department of Economics and University of Tokyo - Faculty of Economics
Downloads 185 (289,151)
Citation 19

Abstract:

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Financial deepening, inequality, growth, transitional dynamics

9.

Evaluation of Financial Liberalization: A General Equilibrium Model with Constrained Occupation Choice

Number of pages: 48 Posted: 20 Apr 2016
Xavier Giné and Robert M. Townsend
World Bank - Development Research Group (DECRG) and MIT - Department of Economics
Downloads 179 (297,659)
Citation 12

Abstract:

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10.

Dynamic Mechanism Design with Hidden Income and Hidden Actions

UCLA Department of Economics Working Paper No. 818
Number of pages: 63 Posted: 29 May 2002
Matthias Doepke and Robert M. Townsend
Northwestern University - Department of Economics and MIT - Department of Economics
Downloads 172 (309,768)
Citation 15

Abstract:

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Moral Hazard, Public Reserves, Mechanism Design, Dynamic Contracts

11.

Statistical Analysis of Rainfall Insurance Payouts in Southern India

World Bank Policy Research Working Paper No. 4426
Number of pages: 20 Posted: 20 Apr 2016
Xavier Giné, Robert M. Townsend and James I. Vickery
World Bank - Development Research Group (DECRG), MIT - Department of Economics and Federal Reserve Bank of Philadelphia
Downloads 171 (309,768)
Citation 3

Abstract:

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Debt Markets, Deposit Insurance, Labor Policies, Emerging Markets

12.

Transitional Growth with Increasing Inequality and Financial Deepening

IMF Working Paper No. 01/108
Number of pages: 84 Posted: 31 Jan 2006
Robert M. Townsend and Kenichi Ueda
MIT - Department of Economics and University of Tokyo - Faculty of Economics
Downloads 170 (311,351)

Abstract:

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Transitional growth, inequality, financial deepening, transaction costs

13.

Sources of TFP Growth: Occupational Choice and Financial Deepening

IEPR Working Paper No. 05.28
Number of pages: 47 Posted: 24 Aug 2005
Hyeok Jeong and Robert M. Townsend
University of Southern California - Department of Economics and MIT - Department of Economics
Downloads 160 (327,938)
Citation 42

Abstract:

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Total Factor Productivity, Occupation Choice, Financial Deepening

14.

No Bank, One Bank, Several Banks: Does it Matter for Investment?

Banco de Espana Working Paper No. 1003
Number of pages: 59 Posted: 25 Mar 2010 Last Revised: 12 Apr 2010
Simon Fraser University, Banco de España, Banco de España and MIT - Department of Economics
Downloads 110 (438,483)
Citation 26

Abstract:

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financial constraints, bank lending, investment Euler equations, moral hazard, structural estimation and testing

15.

Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy

USC Institute of Economic Policy Research Paper No. 05.10
Number of pages: 64 Posted: 15 Feb 2005
Hyeok Jeong and Robert M. Townsend
University of Southern California - Department of Economics and MIT - Department of Economics
Downloads 108 (444,384)
Citation 16

Abstract:

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Model evaluation, growth and inequality, wealth-constrained self-selection

16.

Dynamic Mechanism Design with Hidden Income and Hidden Actions: Technical Appendix

UCLA Department of Economics Working Paper No. 819
Number of pages: 63 Posted: 29 May 2002
Matthias Doepke and Robert M. Townsend
Northwestern University - Department of Economics and MIT - Department of Economics
Downloads 93 (492,291)
Citation 8

Abstract:

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Moral Hazard, Public Reserves, Mechanism Design, Dynamic Contracts

17.

Welfare Gains from Financial Liberalization

IMF Working Paper No. 07/154
Number of pages: 67 Posted: 27 Jan 2010
Robert M. Townsend and Kenichi Ueda
MIT - Department of Economics and University of Tokyo - Faculty of Economics
Downloads 89 (506,141)
Citation 3

Abstract:

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financial liberalization, welfare gain, financial deepening, economic growth

18.

Theory of the Firm: Applied Mechanism Design

Federal Reserve Bank of Richmond Working Paper No. 96-2
Number of pages: 68 Posted: 17 Nov 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 54 (667,922)
Citation 2

Abstract:

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Firms as Clubs in Walrasian Markets with Private Information

FRB Richmond Working Paper No. 00-8
Number of pages: 60 Posted: 27 Nov 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 48 (713,117)
Citation 11

Abstract:

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private information, general equilibrium, clubs, theory of the firm

Firms as Clubs in Walrasian Markets with Private Information

Journal of Political Economy, Vol. 114, pp. 644-71, August 2006
Posted: 01 Nov 2006
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics

Abstract:

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20.

Mechanism Design and Assignment Models

FRB Richmond Working Paper No. 03-9
Number of pages: 33 Posted: 03 Dec 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 46 (709,819)
Citation 4

Abstract:

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assignment, private information, communication

21.

Firms as Clubs in Walrasian Markets with Private Information: Technical Appendix

FRB Richmond Working Paper No. 05-11
Number of pages: 19 Posted: 06 Dec 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 35 (785,720)
Citation 3

Abstract:

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competitive equilibrium, clubs, private information

22.

Dynamic Mechanism Design with Hidden Income and Hidden Auctions

Number of pages: 66 Posted: 28 Jul 2004
Matthias Doepke and Robert M. Townsend
Northwestern University - Department of Economics and MIT - Department of Economics
Downloads 13 (983,369)
Citation 1
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Mechanism design, dynamic contracts, recursive contracts

Other Papers (1)

Total Downloads: 0
1.

Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship

Journal of Political Economy, Vol. 114, pp. 100-144, February 2006
Posted: 07 Feb 2006
Anna L. Paulson, Robert M. Townsend and Alexander Karaivanov
Federal Reserve Bank of Chicago, MIT - Department of Economics and Simon Fraser University

Abstract:

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