Publications & Papers by Robert M. Townsend

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Computing Multiperiod Information Constrained Optima

Review of Economic Studies 58(5): 853-883
Christopher Phelan, Robert M. Townsend
October 1991
Financial Structure and Economic Organization

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Financial Structure and Economic Organization

Basil Blackwell Inc.
Robert M. Townsend
January 1990

Comment on Paper by Davis and Haltiwanger

Chapter in Macroeconomics Annual, Olivier Jean Blanchard and Stanley Fischer, eds., MIT Press
Robert M. Townsend
January 1990
Journal of Political Economy

Currency and Credit in a Private Information Economy

Journal of Political Economy 97(6): 1323-1345
Robert M. Townsend
December 1989
The Economic Journal

Models as Economies

The Economic Journal 98(390): 1-24, the Frank Paish Lecture
Robert M. Townsend
March 1988
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Information Constrained Insurance: the Revelation Principle Extended

Journal of Monetary Economics 21(2/3): 411-450
Robert M. Townsend
March 1988
American Economic Review

Economic Organization with Limited Communication

American Economic Review 77(5): 954-970
Robert M. Townsend
December 1987

Arrow-Debreu Programs as Microfoundations for Macroeconomics

Chapter in: Advances in Economic Theory: The Fifth World Congress, Truman F. Bewley, ed., Cambridge University Press
Robert M. Townsend
November 1987
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Asset Return Anomalies in a Monetary Economy

Journal of Economic Theory 41(5): 219-47
Robert M. Townsend
April 1987

Circulating Private Debt: An Example with a Coordination Problem

Chapter in: In Contractual Arrangements for Intertemporal Trade, Edward C. Prescott and Neil Wallace, eds., University of Minnesota Press
Robert M. Townsend, Neil Wallace
January 1987

Taking Pure Theory to Data: Arrow's Seminal Contribution

Chapter in: Arrow and the Ascent of Modern Economic Theory, George Feiwel, ed., Macmillan
Robert M. Townsend
January 1987

Financial Structures as Communication Systems

Chapter in: Technological Innovations and the Monetary Economy, Collin Lawrence and Robert Shay, eds., Ballinger, subsidy of Harper & Row: 163-178
Robert M. Townsend
January 1986
International Economic Review

General Competitive Analysis in an Economy with Private Information

International Economic Review 25(1): 1-20
Edward C. Prescott, Robert M. Townsend
February 1984
Econometrica

Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard

Econometrica 52(1): 21-45
Edward C. Prescott, Robert M. Townsend
January 1984
American Economic Review

Financial Structure and Economic Activity

American Economic Review 73(5): 895-911
Robert M. Townsend
December 1983
Journal of Political Economy

Forecasting the Forecasts of Others

Journal of Political Economy 91(4): 546-587
Robert M. Townsend
August 1983

Equilibrium Theory with Disparate Expectations and Learning: Some Issues and Methods

Chapter in: Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined, Edmund S. Phelps and Roman Frydman, eds., Cambridge University Press
Robert M. Townsend
January 1983

Theories of Intermediated Structures

In the Carnegie-Rochester Conference Series on Public Policy 18, Money, Monetary Policy and Financial Institutions, a supplemental series to the Journal of Monetary Economics
Robert M. Townsend
January 1983