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Hi! I am a Senior Research Fellow at the Norwegian Institute of International Affairs (NUPI). My research focuses on development economics. Prior to joining NUPI, I obtained a PhD in Economics from the University of California, Berkeley.

  fenella [dot] carpena [at] nupi [dot] no

Curriculum Vitae Google Scholar



The ABCs of Financial Literacy: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases, Management Science (with Shawn Cole, Jeremy Shapiro, and Bilal Zia). 2017.

Revealing Demand for Pro-Poor Innovations, USAID White Paper (with Guillaume Kroll, Ishita Ghosh, Emmanuel Letouze, Javier Rosa, and Prithi Trivedi). 2014.

Liability Structure in Small-scale Finance: Evidence from a Natural ExperimentWorld Bank Economic Review (with Shawn Cole, Jeremy Shapiro, and Bilal Zia). 2013.

“Microfinance for Entrepreneurs,” in The Oxford Handbook of Entrepreneurial Finance (with Miriam Bruhn and Bilal Zia). 2012.


Working Papers

The Adverse Effects of Electrification: Evidence from India. 2017.

Unpacking the Causal Chain of Financial Literacy, World Bank Policy Research Working Paper No. 5798  (with Shawn Cole, Jeremy Shapiro, and Bilal Zia). 2011.