Handbook of International Economics

Table of contents

1. Cover image
2. Title page
3. Table of Contents
4. Copyright
5. Contributors
6. Introduction to the Series
7. Preface
8. 1: Heterogeneous Firms and Trade
   1. 1 Introduction
   2. 2 Empirical Evidence
   3. 3 General Setup
   4. 4 Closed Economy Equilibrium
   5. 5 Open Economy with Trade Costs
   6. 6 Quantitative Predictions
   7. 7 Factor Abundance and Heterogeneity
   8. 8 Trade and Market Size
   9. 9 Endogenous Firm Productivity
   10. 10 Factor Markets
   11. 11 Conclusion
   12. References
9. 2: Multinational Firms and the Structure of International Trade
   1. 1 Introduction
   2. 2 Stylized Facts
   3. 3 Benchmark Model: An Extended Krugman (1980) Model
   4. 4 The Proximity-Concentration Hypothesis
   5. 5 Vertical Expansion
   6. 6 MultiCountry Models
   7. 7 Multinational Firm Boundaries
   8. 8 Conclusion
   9. References
10. 3: Gravity Equations: Workhorse,Toolkit, and Cookbook
    1. 1 Introduction
    2. 2 Micro-Foundations for Gravity Equations
    3. 3 Theory-Consistent Estimation
    4. 4 Gravity Estimates of Policy Impacts
    5. 5 Frontiers of Gravity Research
    6. 6 Directions for Future Research
    7. 7 Conclusion
    8. References
11. 4: Trade Theory with Numbers: Quantifying the Consequences of Globalization
    1. 1 Introduction
    2. 2 Getting Started
    3. 3 Beyond Armington
    4. 4 Evaluating Trade Policy
    5. 5 Numbers We Can Believe In?
    6. 6 “Micro” versus “Macro” Numbers
    7. 7 Life Without Gravity
    8. 8 Concluding Remarks
    9. References
12. 5: Domestic Institutions as a Source of Comparative Advantage
    1. 1 Introduction
    2. 2 Contracting and Property-Right Institutions: Impacts on Comparative Advantage
    3. 3 Informal Institutions and their Impacts on Comparative Advantage
    4. 4 Policies and the Indirect Impacts of Institutions on Comparative Advantage
    5. 5 The Impact of Trade and Comparative Advantage on Domestic Institutions
    6. 6 Conclusion
    7. References
13. 6: International Trade Agreements
    1. 1 Introduction
    2. 2 The Motives for Trade Agreements
    3. 3 The Design of Trade Agreements
    4. 4 Regional Trade Agreements
    5. 5 Conclusion
    6. References
14. 7: International Prices and Exchange Rates
    1. 1 Introduction
    2. 2 Empirical Evidence
    3. 3 A Simple Framework to Interpret Empirical Findings
    4. 4 Models with Desired Variable Markups
    5. 5 Other Models of Incomplete Pass-through
    6. 6 Industry Equilibrium
    7. 7 General Equilibrium
    8. 8 Conclusion
    9. 9 Appendix
    10. References
15. 8: Exchange Rates and Interest Parity
    1. 1 Exchange Rates and Interest Parity
    2. 2 Monetary Sticky-Price Models of Exchange Rates
    3. 3 Empirical Studies of Exchange Rates
    4. 4 Ex Ante Excess Returns and the Uncovered Interest Parity Puzzle
    5. 5 Conclusions
    6. References
16. 9: Assessing International Efficiency
    1. 1 Introduction
    2. 2 A Methodology for Assessing International Efficiency
    3. 3 Assessing Long-Run Efficiency
    4. 4 Assessing Efficiency in International Business Cycles
    5. 5 Conclusion
    6. 6 Appendix: Proof of Proposition 1
    7. References
17. 10: External Adjustment, Global Imbalances, Valuation Effects
    1. 1 Introduction
    2. 2 Stylized Facts
    3. 3 Long-Term Capital Flows in the Neoclassical Growth Model
    4. 4 Models of Global Imbalances
    5. 5 External Balance Sheets, Valuation Effects, and Adjustment
    6. 6 The International Monetary and Financial System
    7. 7 Conclusion
    8. References
18. 11: Sovereign Debt
    1. 1 Introduction: Conceptual Issues
    2. 2 Empirical Facts
    3. 3 A Benchmark Framework
    4. 4 Richer Notions of “Default”
    5. 5 Self-fulfilling Debt Crises
    6. 6 Incomplete-Market Models and their Quantitative Implementation
    7. 7 Concluding Remarks
    8. References
19. 12: International Financial Crises
    1. 1 Introduction
    2. 2 Fiscal-Monetary Imbalances
    3. 3 Overvaluation, Unemployment, and Multiple Equilibria
    4. 4 Financial Flows, Sudden Stops, and Balance Sheet Effects
    5. 5 Spread Spirals and Rollover Crises
    6. 6 Sources of Fragility
    7. 7 Concluding Remarks
    8. References
20. Index