Publications & Papers

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Development Economics

The Impact of Secondary School Subsidies on Career Trajectories in a Dual Labor Market: Experimental Evidence from Ghana

Pascaline Dupas and Michael Kremer
June 2024
Econometrics

GMM is Inadmissible Under Bounded Identification Strength

Anna Mikushev, Isaiah Andrews
June 2024
Political Economy

Learning, Diversity and Adaptation in Changing Environments: The Role of Weak Links

Daron Acemoglu, Asuman Ozdaglar, Sarath Pattathil
May 2024
Macroeconomics

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

Journal of Finance
Ricardo Caballero, Alp Simsek
May 2024
International Economics

The Local Scarring Effect of Negative Trade Shocks: Evidence from the Collapse of Finnish-Soviet Trade

Arnaud Costinot, Matti Sarvimaki, and Jonathan Vogel
March 2024

Sources

Slides
Econometrics

Weak Identification with Many Instruments

Forthcoming, Econometrics Journal
Anna Mikusheva and Liyang Sun
January 2024

Optimal Design of Tokenized Markets

Michael Junho Lee, Antoine Martin, and Robert M. Townsend
January 2024

Zero Settlement Risk Token Systems

Michael Junho Lee, Antoine Martin, and Robert M. Townsend
January 2024
Econometrics

A Causal Inference Framework for Data Rich Environments

Alberto Abadie, Anish Agarwal, and Devavrat Shah
December 2023

Bidder-Optimal Information Structures in Auctions

Cowles Foundation Discussion Paper 2375
Dirk Bergemann, Tibor Heumann and Stephen Morris
December 2023
Economic Theory

A Model of Behavioral Manipulation

Daron Acemoglu, Ali Makhdoumi, Azarakhsh Malekian, Asuman Ozdaglar
November 2023
Market Design

On the Alignment of Consumer Surplus and Total Surplus Under Competitive Price Discrimination

Cowles Foundation Discussion Paper 2373
Dirk Bergemann, Benjamin Brooks and Stephen Morris
November 2023

Interactions of Formal and Informal Insurance

Hong Ru and Robert M. Townsend
September 2023

Digital Safety Nets: A Roadmap

BIS WP No. 139
Karaivanov, Alexander, Benoit Mojon, Luiz A Pereira da Silva and Robert M Townsend
September 2023

Sources

Social Protection Review Appendix
Development Economics

Social Protection in the Developing World

Abhijit Banerjee, Rema Hanna, Benjamin A. Olken and Diana Sverdlin-Lisker
August 2023

A Young Person's Guide to Lawrence F. Katz

David Autor and David Deming
August 2023
Market Design

Cost Based Nonlinear Pricing

Cowles Foundation Discussion Paper 2368
Dirk Bergemann, Tibor Heumann and Stephen Morris
August 2023

Tiered Intermediation in Business Groups

Yu Shi, Robert M. Townsend, Wu Zhu
July 2023