Handbook of International Economics

What conclusions can be drawn from recent advances in international trade and international macroeconomics? New datasets, theoretical models, and empirical studies have resulted in fresh questions about the world trade and payment system. These chapters--six on trade and six on international macroeconomics--reveal the richness that researchers have uncovered in recent years. The chapters on foreign trade present, among other subjects, new integrated multisector analytical frameworks, the use of gravity equations for the estimation of trade flows, the role of domestic institutions in shaping comparative advantage, and international trade agreements. On international macroeconomics, chapters explore the relation between exchange rates and other macroeconomic variables; risk sharing, allocation of capital across countries, and current account dynamics; and sovereign debt and financial crises. By addressing new issues while enabling deeper and sharper analyses of old issues, this volume makes a significant contribution to our understanding of the global economy.

“"Since the last volume of the Handbook of International Economics appeared nearly two decades ago, researchers in the field have made massive intellectual progress on topics ranging from firm-level dynamics, to empirical trade models, to financial crises, to global capital-flow imbalances. This fourth volume of the Handbook provides the clear and comprehensive update that students and researchers have so urgently needed." --Maurice Obstfeld, University of California, Berkeley "The Handbook series is like the Olympic games of economics: drawing together all the star contributions of international economics in single location, with a unifying notation and modeling framework. This volume will be indispensable reading for faculty and advanced students alike and will influence the field for years to come."”

--Robert C. Feenstra, University of California, Davis "Volume 4 is as indispensable and comprehensive as ever, yet fully updated for the perspectives, issues and important empirical realities in international economics today. Every academic who touches these fields will want to read it." --Kenneth A. Froot. Harvard Business School

Winner of the Bhagwati Prize for the best paper published in the Journal of International Economics for the two years 2003 and 2004, she is a member of the American Economic Review editorial board. Elhanan Helpman is Galen L. Stone Professor of International Trade, Harvard University, Cambridge MA, USA A member of the National Academy of Sciences, he is the author most recently of This Time Is Different: Eight Centuries of Financial Folly (with Carmen M. Reinhart), 2009.

What conclusions can be drawn from recent advances in international trade and international macroeconomics? New datasets, theoretical models, and empirical studies have resulted in fresh questions about the world trade and payment system. These chapters--six on trade and six on international macroeconomics--reveal the richness that researchers have uncovered in recent years. The chapters on foreign trade present, among other subjects, new integrated multisector analytical frameworks, the use of gravity equations for the estimation of trade flows, the role of domestic institutions in shaping comparative advantage, and international trade agreements. On international macroeconomics, chapters explore the relation between exchange rates and other macroeconomic variables; risk sharing, allocation of capital across countries, and current account dynamics; and sovereign debt and financial crises. By addressing new issues while enabling deeper and sharper analyses of old issues, this volume makes a significant contribution to our understanding of the global economy.

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