Robert Townsend

Robert Townsend is the Elizabeth & James Killian Professor of Economics at the University of Chicago. Professor Townsend holds numerous other positions, including Distinguished Fellow of the Becker Friedman Institute for Research in Economics at the University of Chicago, Faculty Affiliate of the MIT Center for Finance and Policy, and First Vice-President of the Society for the Advancement of Economic Theory. He earned his B.A. from Duke University and Ph.D. from the University of Minnesota.

Professor Townsend’s interests include, more generally, the analysis of economic organization and financial systems through the use of microdata and applied general equilibrium models. Specifically, he has researched economic development, financial systems, costly state verification, revelation principle, optimal multi-period contracts, decentralization of economies with private information, models of money with spatially separated agents, forecasting the forecasts of others, and insurance and credit in developing countries.

Representative Publications

“An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing.” Mauro Alem and Robert M. Townsend. Journal of Econometrics, 183(1) 2014: 91-103

“The Geographic Concentration of Enterprise in Developing Countries,” John Felkner and Robert M. Townsend. Quarterly Journal of Economics 126 (4), 2011: 2005-2061

“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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s