"Sources of TFP Growth: Occupational Choice and Financial Deepening." Hyeok Jeong and Robert Townsend; Economic Theory, 2007, 32(1), pp. 179-221.

http://dx.doi.org/10.1007/s00199-006-0201-8

"Selection into and across Credit Contracts: Theory and Field Research." Christian Ahlin and Robert M. Townsend; Journal of Econometrics, 2007, 136(2), pp. 665-98.

http://dx.doi.org/10.1016/j.jeconom.2005.11.013

"Firms as Clubs in Walrasian Markets with Private Information." Edward Simpson Prescott and Robert M. Townsend; Journal of Political Economy, 2006, 114(4), pp. 644.

http://dx.doi.org/10.1086/505231

"Private Information and Intertemporal Job Assignments." Edward Simpson Prescott and Robert M. Townsend; Review of Economic Studies, 2006, 73(2), pp. 531-48.

http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-937X.2006.00386.x

"Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship." Anna L. Paulson, Robert M. Townsend and Alexander Karaivanov; Journal of Political Economy, 2006, 114(1), pp. 100-44.

http://dx.doi.org/10.1086/498917

"Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation." Robert M. Townsend and Kenichi Ueda; Review of Economic Studies, 2006, 73(1), pp. 251-93.

http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-937X.2006.00376.x

"Dynamic Mechanism Design with Hidden Income and Hidden Actions." Matthias Doepke and Robert M. Townsend; Journal of Economic Theory, 2006, 126(1), pp. 235-85.

http://dx.doi.org/10.1016/j.jet.2004.07.008

"Financial Constraints and Entrepreneurship: Evidence from the Thai Financial Crisis." Anna L. Paulson and Robert M. Townsend; Economic Perspectives, 2005, 29(3), pp. 34-48.

http://www.chicagofed.org/publications/economicperspectives/ep_3qtr2005_part3_paulson_townsend.pdf

"Policies and Impact: An Analysis of Village-Level Microfinance Institutions." Joseph P. Kaboski and Robert M. Townsend; Journal of the European Economic Association, 2005, 3(Issue 1), pp. 1.

http://search.epnet.com/login.aspx?direct=true&db=bth&an=16382203

Dynamic Mechanism Design with Hidden Income and Hidden Auctions; Matthias Doepke and Robert M. Townsend; CEPR Discussion Papers; London: Centre for Economic Policy Research, 2004.

"Supplier Relationships and Small Business Use of Trade Credit." Daniel Aaronson, Raphael W. Bostic, Paul Huck and Robert M. Townsend; Journal of Urban Economics, 2004, 55( 1), pp. 46.

http://dx.doi.org/10.1016/j.jue.2003.02.001

"Entrepreneurship and Financial Constraints in Thailand." Anna L. Paulson and Robert M. Townsend; Journal of Corporate Finance, 2004, 10(2), pp. 229-62.

http://dx.doi.org/10.1016/S0929-1199(03)00056-7

"Evaluation of Financial Liberalization: A General Equilibrium Model with Constrained Occupation Choice." Xavier Gine and Robert M. Townsend; Journal of Development Economics, 2004, 74( 2), pp. 269.

http://dx.doi.org/10.1016/j.jdeveco.2003.03.005

Distinguishing Limited Commitment from Moral Hazard in Models of Growth with Inequality; Anna L. Paulson and Robert M. Townsend; WP ;; 2003-06;; Federal Reserve Bank of Chicago, 2003.

http://www.chicagofed.org/publications/workingpapers/index.cfm

Financial Deepening, Inequality, and Growth : A Model-Based Quantitative Evaluation; Robert M. Townsend and Kenichi Ueda; IMF working paper ;; WP/01/193;; International Monetary Fund Research Dept., 2003.

http://www.imf.org/external/pubs/ft/wp/2003/wp03193.pdf

Evaluation of Financial Liberalization : A General Equilibrium Model with Constrained Occupation Choice; Xavier Gine and Robert M. Townsend; Policy research working paper ;; 3014; World Bank Development Research Group Finance, 2003.

http://econ.worldbank.org/resource.php?type=5

"Microcredit and Mechanism Design." Robert M. Townsend; Journal of the European Economic Association, 2003, 1(2-3), pp. 468-77.

http://search.epnet.com/login.aspx?direct=true&db=bth&an=12231138

Mechanism Design and Assignment Models; Edward S. Prescott and Robert M. Townsend; Working Paper 03-09; Federal Reserve Bank of Richmond, 2003.

Dynamic Mechanism Design with Hidden Income and Hidden Actions: Technical Appendix; Matthias Doepke and Robert M. Townsend; Working Paper #819; University of California, Los Angeles, Department of Economics, 2002.

"Collective Organizations Versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard." Edward Simpson Prescott and Robert M. Townsend; Journal of Economic Theory, 2002, 103(2), pp. 282-310.

http://dx.doi.org/10.1006/jeth.2001.2874

Transitional Growth with Increasing Inequality and Financial Deepening; Robert M. Townsend and Kenichi Ueda; IMF working paper ;; WP/01/108;; International Monetary Fund Research Department, 2001.

"The Credit Risk-Contingency System of an Asian Development Bank." Robert M. Townsend and Jacob Yaron; Economic Perspectives, 2001, 25(3), pp. 31-48.

http://www.chicagofed.org/publications/economicperspectives/2001/3qepart3.pdf

Firms as Clubs in Walrasian Markets with Private Information; Edward S. Prescott and Robert M. Townsend; Working Paper 00-08; Federal Reserve Bank of Richmond, 2000.

"Small Business Finance in Two Chicago Minority Neighborhoods." Paul Huck, Sherrie L W Rhine, Philip Bond and Robert M. Townsend; Economic Perspectives, 1999, 23(2), pp. 46.

http://www.chicagofed.org/publications/economicperspectives/1999/ep2Q99_4.pdf

"How do Minorities Fund Small Business Start Ups? Two Chicago Neighborhoods Offer Insight." Paul Huck, Robert M. Townsend and Philip Bond; The Region, 1999, 13(3), pp. 10.

http://minneapolisfed.org/pubs/region/99-09/chicago.cfm

"Liquidity Constraints and Incentive Contracts." Andreas Lehnert, Ethan Ligon and Robert M. Townsend; Macroeconomic Dynamics, 1999, 3(1), pp. 1-47.

http://dx.doi.org/10.1017/S1365100599010019

"Mechanism Design and Village Economies: From Credit to Tenancy to Cropping Groups." Robert M. Townsend and Rolf A. E. Mueller; Review of Economic Dynamics, 1998, 1(1), pp. 119-72.

http://dx.doi.org/10.1006/redy.1997.0005

"General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies." Youngjae Lim and Robert M. Townsend; Review of Economic Dynamics, 1998, 1(1), pp. 59-118.

http://dx.doi.org/10.1006/redy.1997.0003

"Microenterprise and Macropolicy," Robert M. Townsend, in D. M. Kreps and K. F. Wallis: Advances in Economics and Econometrics: Theory and Applications: Seventh World Congress. Cambridge; New York and Melbourne: Cambridge University Press, 1997, pp. 160-209

"Discrimination in Financial Services: How Should We Proceed?" Robert M. Townsend; Journal of Financial Services Research, 1997, 11(1-2), pp. 215-17.

Theory of the Firm : Applied Mechanism Design; Edward Simpson Prescott and Robert M. Townsend; Working paper series 96-2.; Richmond, Va.: Federal Reserve Bank of Richmond, 1996.

"Formal and Informal Financing in a Chicago Ethnic Neighborhood." Philip Bond and Robert M. Townsend; Economic Perspectives, 1996, 20(4), pp. 3-27.

http://www.chicagofed.org/publications/economicperspectives/1996/epjul96.pdf

"Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies." Robert M. Townsend; The Journal of Economic Perspectives, 1995, 9(3), pp. 83-102.

http://links.jstor.org/sici?sici=0895-3309%28199522%299%3A3%3C83%3ACIAEOR%3E2.0.CO%3B2-H

"Financial Systems in Northern Thai Villages." Robert M. Townsend; The Quarterly Journal of Economics, 1995, 110(4), pp. 1011-46.

http://links.jstor.org/sici?sici=0033-5533%28199511%29110%3A4%3C1011%3AFSINTV%3E2.0.CO%3B2-1

"Risk and Insurance in Village India." Robert M. Townsend; Econometrica: Journal of the Econometric Society, 1994, 62(3), pp. 539-91.

http://links.jstor.org/sici?sici=0012-9682%28199405%2962%3A3%3C539%3ARAIIVI%3E2.0.CO%3B2-9

The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models Robert M. Townsend; Frontiers of Economic Research series. Princeton: Princeton University Press, 1993

"Understanding the Structure of Village and Regional Economies," Robert M. Townsend, in L. Werin and H. Wijkander: Contract Economics. Cambridge, Mass. and Oxford: Blackwell, 1992, pp. 114-38

Understanding the Structure of Village and Regional Economies; Robert M. Townsend; Discussion paper series ;; 91-3 (PRC); Chicago: Economics Research Center/NORC, 1991.

Risk and Insurance in Village India; Robert M. Townsend; Discussion Paper #91-3; Economics Research Center/NORC, 1991.

"Computing Multi-Period, Information-Constrained Optima." Christopher Phelan and Robert M. Townsend; The Review of Economic Studies, 1991, 58(5), pp. 853-81.

http://links.jstor.org/sici?sici=0034-6527%28199110%2958%3A5%3C853%3ACMIO%3E2.0.CO%3B2-B

Computing Multiperiod, Information-Constrained Optima; Christopher James Phelan and Robert M. Townsend; Discussion paper series ;; no. 90-13; Chicago, Ill.: Economics Research Center/NORC, 1990.

Financial Structure and Economic Organization : Key Elements and Patterns in Theory and History Robert Townsend; Cambridge, MA: Oxford, 1990

"Models of Money with Spatially Separated Agents," Robert M. Townsend, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 53-100

"Key Elements and Patterns in Theory and Early European History," Robert M. Townsend, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 3-49

"Optimal Multiperiod Contracts and the Gain from Enduring Relationship under Private Information," Robert M. Townsend, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 252-73

"Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications: Comment," Robert M. Townsend, in O. J. Blanchard and S. Fischer: NBER Macroeconomics Annual 1990. Cambridge, Mass. and London: MIT Press, 1990, pp. 177-85

"Equilibrium Theory with Learning and Disparate Expectations: Some Issues and Methods," Robert M. Townsend, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 463-92

"Financial Structure and Economic Activity," Robert M. Townsend, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 118-42

"Allocation Mechanisms for Asymmetrically Informed Agents," Robert M. Townsend and Milton Harris, in R. M. Townsend: Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History. Cambridge, Mass. and Oxford: Blackwell, 1990, pp. 175-211

"Currency and Credit in a Private Information Economy." Robert M. Townsend; The Journal of Political Economy, 1989, 97(6), pp. 1323-44.

http://links.jstor.org/sici?sici=0022-3808%28198912%2997%3A6%3C1323%3ACACIAP%3E2.0.CO%3B2-W

"Information Constrained Insurance: The Revelation Principle Extended." Robert M. Townsend; Journal of Monetary Economics, 1988, 21(2-3), pp. 411-50.

http://dx.doi.org/10.1016/0304-3932(88)90038-4

"Models as Economies." Robert M. Townsend; The Economic Journal, 1988, 98(390, Supplement: Conference Papers), pp. 1-24.

http://links.jstor.org/sici?sici=0013-0133%281988%2998%3A390%3C1%3AMAE%3E2.0.CO%3B2-A

"Taking Pure Theory to Data: Arrow's Seminal Contribution," Robert M. Townsend, in G. R. Feiwel: Arrow and the Ascent of Modern Economic Theory. New York: New York University Press, 1987, pp. 675-81

"Arrow-Debreu Programs as Microfoundations of Macroeconomics," Robert M. Townsend, in T. F. Bewley: Advances in Economic Theory: Fifth World Congress. Econometric Society Monographs series, no. 12 Cambridge; New York and Melbourne: Cambridge University Press, 1987, pp. 379-428

"Asset-Return Anomalies in a Monetary Economy." Robert M. Townsend; Journal of Economic Theory, 1987, 41(2), pp. 219-47.

http://dx.doi.org/10.1016/0022-0531(87)90018-4

"Circulating Private Debt: An Example with a Coordination Problem," Robert M. Townsend and Neil Wallace, in E. C. Prescott: Contractual Arrangements for Intertemporal Trade. Minneapolis: University of Minnesota Press, 1987, pp. 105-20

"Economic Organization with Limited Communication." Robert M. Townsend; American Economic Review, 1987, 77(5), pp. 954-71.

http://links.jstor.org/sici?sici=0002-8282%28198712%2977%3A5%3C954%3AEOWLC%3E2.0.CO%3B2-B

Arrow-Debreu Programs as Microfoundations for Macroeconomics; Robert M. Townsend; Discussion Paper no.86-7; Economics Research Center/NORC, 1986.

Economic Organization with Limited Communication; Robert M. Townsend; Discussion Paper no.86-3; Economics Research Center/NORC, 1986.

"Financial Structures as Communication Systems," Robert M. Townsend, in C. Lawrence: Technological Innovation, Regulation, and the Monetary Economy. Cambridge, Mass.: Harper & Row Ballinger, 1986, pp. 163-78

"Allocation Mechanisms, Asymmetric Information and the 'Revelation Principle '," Milton Harris and Robert M. Townsend, in G. R. Feiwel: Issues in Contemporary Microeconomics and Welfare. Albany: State University of New York Press, 1985, pp. 379-94

"Theories of Contract Design and Market Organization: Conceptual Bases for Understanding Futures Markets," Robert M. Townsend, in R. W. Anderson: The Industrial Organization of Futures Markets. Lexington, Mass., and Toronto: Heath Lexington Books, 1984, pp. 275-306

"Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard." Edward C. Prescott and Robert M. Townsend; Econometrica: Journal of the Econometric Society, 1984, 52(1), pp. 21-46.

http://links.jstor.org/sici?sici=0012-9682%28198401%2952%3A1%3C21%3APOACEW%3E2.0.CO%3B2-%23

"General Competitive Analysis in an Economy with Private Information." Edward C. Prescott and Robert M. Townsend; International Economic Review, 1984, 25(1), pp. 1-20.

http://links.jstor.org/sici?sici=0020-6598%28198402%2925%3A1%3C1%3AGCAIAE%3E2.0.CO%3B2-U

"Theories of Intermediated Structures." Robert M. Townsend; Carnegie-Rochester Conference Series on Public Policy, 1983, 18, pp. 221-72.

http://dx.doi.org/10.1016/0167-2231(83)90031-3

"Reply to John Long's Comments [Theories of Intermediated Structures]." Robert M. Townsend; Carnegie-Rochester Conference Series on Public Policy, 1983, 18, pp. 279-80.

http://dx.doi.org/10.1016/0167-2231(83)90033-7

"Forecasting the Forecasts of Others." Robert M. Townsend; The Journal of Political Economy, 1983, 91(4), pp. 546-88.

http://links.jstor.org/sici?sici=0022-3808%28198308%2991%3A4%3C546%3AFTFOO%3E2.0.CO%3B2-D

"Financial Structure and Economic Activity." Robert M. Townsend; American Economic Review, 1983, 73(5), pp. 895-911.

http://links.jstor.org/sici?sici=0002-8282%28198312%2973%3A5%3C895%3AFSAEA%3E2.0.CO%3B2-L

A Model of Circulating Private Debt; Robert M. Townsend and Neil Wallace; Federal Reserve Bank of Minneapolis, Staff Report, 1982.

"Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information." Robert M. Townsend; The Journal of Political Economy, 1982, 90(6), pp. 1166-86.

http://links.jstor.org/sici?sici=0022-3808%28198212%2990%3A6%3C1166%3AOMCATG%3E2.0.CO%3B2-V

"Resource Allocation under Asymmetric Information." Milton Harris and Robert M. Townsend; Econometrica: Journal of the Econometric Society, 1981, 49(1), pp. 33-64.

http://links.jstor.org/sici?sici=0012-9682%28198101%2949%3A1%3C33%3ARAUAI%3E2.0.CO%3B2-A

"Optimal Contracts and Competitive Markets with Costly State Verification." Robert M. Townsend; Journal of Economic Theory, 1979, 21(2), pp. 265-93.

http://dx.doi.org/10.1016/0022-0531(79)90031-0

Optimal Contracts and Competitive Markets with Costly State Verification; Robert M. Townsend; Federal Reserve Bank of Minneapolis, Staff Report, 1979.

"On the Optimality of Forward Markets." Robert M. Townsend; American Economic Review, 1978, 68(1), pp. 54-66.

http://links.jstor.org/sici?sici=0002-8282%28197803%2968%3A1%3C54%3AOTOOFM%3E2.0.CO%3B2-K

"Market Anticipations, Rational Expectations, and Bayesian Analysis." Robert M. Townsend; International Economic Review, 1978, 19(2), pp. 481-94.

http://links.jstor.org/sici?sici=0020-6598%28197806%2919%3A2%3C481%3AMAREAB%3E2.0.CO%3B2-I

"Intermediation with Costly Bilateral Exchange." Robert M. Townsend; The Review of Economic Studies, 1978, 45(3), pp. 417-25.

http://links.jstor.org/sici?sici=0034-6527%28197810%2945%3A3%3C417%3AIWCBE%3E2.0.CO%3B2-K

"The Eventual Failure of Price Fixing Schemes." Robert M. Townsend; Journal of Economic Theory, 1977, 14(1), pp. 190-99.

http://dx.doi.org/10.1016/0022-0531(77)90092-8

Essays on Markets under Uncertainty; Robert Morris Townsend; Ph.D. Dissertation, University of Minnesota, 1975.