Handbook of International Economics

Preface*

Almost twenty years have passed since the publication of Volume 3 of the Handbook of International Economics in 1995. Much has changed since then, both in international trade and international macroeconomics. The changes are fourfold: (a) new questions have arisen as the world trade and payment system has evolved; (b) new data sets have become available; (c) new theoretical models have been designed to address new issues, but they have also enabled sharper and deeper analyses of older issues; and (d) new empirical studies have greatly enriched our understanding of the global economy.

The chapters in this handbook review, illuminate, and interpret these developments in a systematic way, making this material—which is technical at times—accessible ...