Information
Education: Ph.D. in University of Minnesota, 1975.
Current Affiliations: Elizabeth & James Killian Professor of Economics, Department of Economics, Massachusetts Institute of Technology.
Selected Honors:
· Member, National Academy of Sciences, 2012.
· Member, American Academy of Arts and Sciences, 1994.
· President, Society for the Advancement of Economic Theory, 2017.
· FIRS Lifetime Achievement Award, 2017.
· Sir John Hicks Lecture for the Society for the Advancement of Economic Theory, 2015.
· Theodore W. Schultz Award, 2013.
· Frisch Medal, Econometric Society, 1998 & 2012.
· Jean-Jacques Laffont Prize, 2011.
Research Field
· Development Economics
· Economic Theory
· Macroeconomics
Recent Work
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Zero Settlement Risk Token Systems2022 | Working paper | Michael Lee, Antoine Martin, and Robert M. Townsend
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Optimal Design of Tokenized Markets2024 | Working Paper | Michael Junho Lee, Antoine Martin and Robert M. Townsend
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Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk2024 | Working Paper | Dejanir H. Silva and Robert M. Townsend
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Public Ownership and Anti-Preemption2024 | Working Paper | Juliano Assuncao, Sergey Mityakov, and Robert M. Townsend
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Incentive-Compatible Unemployment Reinsurance for the Euro Area2024 | NBER Working Paper | Alexander Karaivanov, et al.
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