Robert M. Townsend

MIT - Department of Economics

Professor

Bldg. E52-252c

50 Memorial Drive

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

23

DOWNLOADS

3,584

252

!

Under construction: SSRN citations will be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information

Scholarly Papers (23)

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 481 (57,105)

Abstract:

Loading...

2.

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 452 (61,672)

Abstract:

Loading...

microfinance, finance and growth, credit constraints

3.

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 427 (66,055)

Abstract:

Loading...

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

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 393 (72,949)

Abstract:

Loading...

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 New York
Downloads 157 (185,258)

Abstract:

Loading...

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 New York
Downloads 140 (203,808)

Abstract:

Loading...

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 New York

Abstract:

Loading...

O10, O16, G2, G22

6.

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

IEPR Working Paper No. 05-19
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 161 (181,049)

Abstract:

Loading...

Total Factor Productivity, Occupation Choice, Financial Deepening

7.

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

World Bank Policy Research Working Paper No. 3014
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 150 (192,179)

Abstract:

Loading...

8.

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 149 (193,283)

Abstract:

Loading...

microfinance, buffer stock, credit constraint

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 New York
Downloads 147 (195,842)

Abstract:

Loading...

Debt Markets, Deposit Insurance, Labor Policies, Emerging Markets

Statistical Analysis of Rainfall Insurance Payouts in Southern India

American Journal of Agricultural Economics, Vol. 89, Issue 5, pp. 1248-1254, December 2007
Posted: 29 Feb 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 New York

Abstract:

Loading...

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 145 (197,596)

Abstract:

Loading...

Moral Hazard, Public Reserves, Mechanism Design, Dynamic Contracts

11.

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 136 (208,018)

Abstract:

Loading...

Total Factor Productivity, Occupation Choice, Financial Deepening

12.

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 133 (211,807)

Abstract:

Loading...

Financial deepening, inequality, growth, transitional dynamics

13.

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 107 (248,914)

Abstract:

Loading...

Transitional growth, inequality, financial deepening, transaction costs

14.

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 88 (283,012)

Abstract:

Loading...

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

15.

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 (SFU) - Department of Economics, Banco de España, Banco de España and MIT - Department of Economics
Downloads 77 (306,797)

Abstract:

Loading...

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

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 75 (311,490)

Abstract:

Loading...

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 50 (381,574)

Abstract:

Loading...

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 30 (459,081)

Abstract:

Loading...

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 26 (492,922)

Abstract:

Loading...

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:

Loading...

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 25 (484,444)

Abstract:

Loading...

assignment, private information, communication

21.

Dynamic Mechanism Design with Hidden Income and Hidden Auctions

CEPR Discussion Paper No. 4455
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 (553,060)
  • Add to Cart

Abstract:

Loading...

Mechanism design, dynamic contracts, recursive contracts

22.

Using Repayment Data to Test Across Models of Joint Liability Lending

Economic Journal, Vol. 117, pp. F11-F51, February 2007
Number of pages: 41 Posted: 03 Apr 2007
Christian Ahlin and Robert M. Townsend
Vanderbilt University - College of Arts and Science - Department of Economics and MIT - Department of Economics
Downloads 12 (558,995)
  • Add to Cart

Abstract:

Loading...

23.

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 10 (571,119)

Abstract:

Loading...

competitive equilibrium, clubs, private information

Other Papers (1)

Total Downloads: 0    Citations: 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 (SFU) - Department of Economics

Abstract:

Loading...