Handbook of International Economics: Volume 4

ISBN-13: 9780444543141 / Angielski / Twarda / 2014 / 776 str.

Gopinath, Gita

Opis

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.

• Systematically illuminates and interprets recent developments in research on international trade and international macroeconomics
• Focuses on newly developing questions and opportunities for future research
• Presents multiple perspectives on ways to understand the global economy

Recenzje

"...a must-have reference book for all those who are engaged in researching India's economy that is today plagued by widening current account deficit, falling currency, high inflation, not-too-comfortable fiscal deficiencies..." --The IUP Journal of Applied Economics, Vol. XIII, No. 4, 2014

"...this book is an accolade worth having by every front-end researcher, for it offers on a platter the current status of research in international economies." --The IUP Journal of Applied Economics, October 2014

"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

"This volume sustains the tradition of excellence of earlier Handbooks of International Economics. The reader is expertly brought up to date on those areas of international economics which have taken giant leaps forward - globalization, determinants of trade flows, preferential trade arrangements, sovereign debt, financial crises, and more. The volume is a must-have refernce for economists wanting to catch up with the field." --Anne Krueger, Johns Hopkins University

Spis treści

1. Heterogeneous Firms and Trade Marc Melitz and Stephen J. Redding 2. Multinational Firms and the Structure of International Trade. Pol Antras and Stephan Yeaple 3. Gravity Equations: Workhorse, Toolkit, and Cookbook Keith Head and Thierry Mayer 4. Trade Theory with Numbers: Quantifying the Consequences of Globalization Andreas Rodrigues-Clare and Arnot Costinot 5. Domestic Institutions as a Source of Comparative Advantage Nathan Nunn and Daniel Trefler 6. Negotiating Trade Deals Giovanni Maggi 7. International Prices and Exchange Rates Ariel Burstein and Gita Gopinath 8. Exchange Rates and Interest Parity Charles Engle 9. Assessing International Efficiency Fabrizio Perri and Jonathan Heathcote 10. External Adjustment, Global Imbalances, Valuation Effects Pierre-Olivier Gourinchas and Helene Rey 11. Sovereign Debt Mark Aguiar and Manuel Amador 12. International Financial Crises Guido Lorenzoni

O autorze

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.