WorldCat Identities

Bayoumi, Tamim A.

Works: 192 works in 1,062 publications in 1 language and 9,471 library holdings
Genres: Conference proceedings  History 
Roles: Author, Editor
Classifications: HG5773, 330.952049
Publication Timeline
Most widely held works by Tamim A Bayoumi
Post-bubble blues how Japan responded to asset price collapse ( )
14 editions published between 1999 and 2000 in English and Undetermined and held by 903 WorldCat member libraries worldwide
Japans accounts for over half the output of the Asian region, but for muchof the 1990s its economy was virtually stagnant, and it is only just emerging from its worst recession since the Second World War
Structural change in Japan macroeconomic impact and policy challenges by Bijan B Aghevli( )
9 editions published in 1998 in English and held by 806 WorldCat member libraries worldwide
This volume, by Bijan B. Aghevli, Tamim Bayoumi, and Guy Meredith, is based on a seminar on structural change in Japan held in early 1997 and chaired by the IMF's First Deputy Managing Director, Stanley Fischer. Discussion of teh day-to-day management of the standard levers of fiscal and monetary policy is interlinked with consideration for the more deep-seated structural issues. By shifting and destabilizing the underlying economic relationships and creating uncertainty, structural change complicates the task of policy analysis. This volume describes how the IMF is responding to these challenges and how outside experts assess this effect
One money or many? : analyzing the prospects for monetary unification in various parts of the world by Tamim A Bayoumi( Book )
10 editions published in 1994 in English and held by 437 WorldCat member libraries worldwide
Modern perspectives on the gold standard ( Book )
16 editions published between 1996 and 2008 in English and held by 378 WorldCat member libraries worldwide
This book explores current exchange rate instability in the light of the operation of the gold standard in the years prior to 1914
GEM : a new international macroeconomic model by Tamim A Bayoumi( Book )
10 editions published in 2004 in English and held by 309 WorldCat member libraries worldwide
This publication sets out the Global Economic Model (GEM), a new multicountry macroeconomic model developed by IMF research department staff, based on an explicit microeconomic framework. The paper explains how GEM differs from its predecessor model Multimod, outlines how its new features can improve IMF policy analysis, and discusses three simulation exercises completed
Shocking aspects of Canadian labor markets by Tamim A Bayoumi( )
16 editions published in 2006 in English and held by 298 WorldCat member libraries worldwide
Analyzes the flexibility of the Canadian labor market across provinces in both an inter- and intra-national context using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. Finds that Canadian labor markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro area countries. Within Canada, the results indicate that labor markets in Ontario and provinces further west are more flexible, particularly with regard to migration, while those further east are less so
Financial integration and real activity by Tamim A Bayoumi( Book )
10 editions published in 1997 in English and held by 285 WorldCat member libraries worldwide
Energy, the exchange rate, and the economy macroeconomic benefits of Canada's oil sands production by Tamim A Bayoumi( )
10 editions published in 2006 in English and held by 285 WorldCat member libraries worldwide
This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influence on the Canadian dollar, and some upward pressure on the exchange rate would therefore be expected. Model results suggest, however, that the impact on other tradable goods exports is limited
Mr Ricardo's great adventure estimating fiscal multipliers in a truly intertemporal model by Tamim A Bayoumi( )
13 editions published in 2006 in English and held by 278 WorldCat member libraries worldwide
We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20 percent a year and fiscal multipliers of 0.15-0.4-depending on the permanence of the change in taxes/transfers, and is much superior to one that assumes some consumers are fully Ricardian and others follow simple rules of thumb. The implied high private sector rate of discount has wide implications for policymakers
Spillovers across NAFTA by A Swiston( )
9 editions published in 2008 in English and held by 275 WorldCat member libraries worldwide
This paper examines linkages across North America by estimating the size of spillovers from the major regions of the world-- the United States, Euro area, Japan, and the rest of the world-- to Canada and Mexico, and decomposing the impact of these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real GDP shifts Canadian real GDP by some 3/4 of a percentage point in the same direction-- with financial spillovers more important than trade in recent decades. Thus, a large proportion of the reduction in Canadian output volatility since the 1980s can be accounted for by the 'Great Moderation' in U.S. growth. Before 1996, domestic volatility in Mexico swamped the contribution of external factors to the business cycle. After 1996, the response of Mexican GDP is 1 1/2 times the size of the U.S. shock-- "when the U.S. sneezes, Mexico catches a cold". These spillovers are transmitted through both trade and financial channels
On impatience and policy effectiveness by Tamim A Bayoumi( )
13 editions published between 2004 and 2009 in English and held by 262 WorldCat member libraries worldwide
An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen private sectors' planning horizon. In an overlapping-generations model, in which individuals discount the future more rapidly than implied by the market rate of interest, we find indeed evidence of a falling degree of impatience, providing empirical support for this hypothesis. The degree of persistenc
Today versus tomorrow the sensitivity of the non-oil current account balance to permanent and current income by Alun H Thomas( )
9 editions published in 2009 in English and held by 257 WorldCat member libraries worldwide
This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balance coefficients sum to unity is accepted for all specifications that adjust the return on wealth for future population changes. For oil-exporting countries outside Africa, around half of the fluctuations in the private sector non-oil balance are driven by considerations of changes in permanent income (the return on oil wealth) rather than current income. By contrast, for the public sector and African countries permanent income has little or no effect
Leverage? What leverage? a deep dive into the U.S. flow of funds in search of clues to the global crisis by A Bhatia( )
4 editions published in 2012 in English and held by 256 WorldCat member libraries worldwide
This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that turbocharged the downdraft; and, second, that this insight (and others) can be decrypted from the Flow of Funds Accounts of the United States
Credit matters empirical evidence on U.S. macro-financial linkages by Tamim A Bayoumi( )
9 editions published between 2005 and 2008 in English and held by 233 WorldCat member libraries worldwide
This paper develops a framework for analyzing macro-financial linkages in the United States. We estimate the effects of a negative shock to banks' capital/asset ratio on lending standards, which in turn affect consumer credit, mortgages, and corporate loans, and the corresponding components of private spending (consumption, residential investment and business investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage point reduces real GDP by some 1 1/2 percent through its effects on credit availability, while an exogenous fall in demand of 1 percent of GDP is gradually magnified to around 2 percent through financial feedback effects
Northern star : Canada's path to economic prosperity ( Book )
12 editions published in 2007 in English and held by 221 WorldCat member libraries worldwide
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses: these outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be applied in other economies.--Publisher's description
The morning after : explaining the slowdown in Japanese growth in the 1990s by Tamim A Bayoumi( Book )
24 editions published between 1999 and 2000 in English and held by 141 WorldCat member libraries worldwide
Abstract: This paper uses a VAR to investigate four possible explanations of the extended slump in Japanese economic activity over the 1990s: the absence of bold and consistent fiscal stimulus; the limited room for expansionary monetary policy due to a liquidity trap; overinvestment and debt overhang; and disruption of financial intermediation. The results indicate that all of these factors played a role, but that the major explanation is disruption in financial intermediation, largely operating through the impact of changes in domestic asset prices on bank lending
Is regionalism simply a diversion? : evidence from the evolution of the EC and EFTA by Tamim A Bayoumi( Book )
25 editions published between 1995 and 1996 in English and held by 140 WorldCat member libraries worldwide
Abstract: This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that of the EC in the 1960s
R & D spillovers and global growth by Tamim A Bayoumi( Book )
10 editions published in 1996 in English and held by 118 WorldCat member libraries worldwide
Macroeconomic model spillovers and their discontents by Tamim A Bayoumi( )
5 editions published in 2013 in English and held by 117 WorldCat member libraries worldwide
The Great Recession underlined that policies in some countries can have profound spillovers elsewhere. Sadly, the solution of simulating large macroeconomic models to measure these spillovers has been found wanting. Typical models generate lower international correlations of output and financial asset prices than are seen in even pre-crisis data. Imposing higher financial market correlations creates more reasonable cross-country spillovers, and is likely to become the norm in policy modeling despite weak theoretical underpinnings, as is already true of sticky wages. We propose using event studies to calibrate market reactions to particular policy announcements, and report results for U.S. monetary and fiscal policy announcements in 2009 and 2010 that are plausible and event-specific
Benefits and spillovers of greater competition in Europe : a macroeconomic assessment by Tamim A Bayoumi( Book )
23 editions published in 2004 in English and held by 117 WorldCat member libraries worldwide
"Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition. After calibrating the model to the euro area vs. the rest of the industrial world, the paper draws three conclusions. First, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we show that differences in competition can account for over half of the current gap in GDP per capita between the euro area and the US. Second, it may improve macroeconomic management by increasing the responsiveness of wages and prices to market conditions. Third, greater competition can generate positive spillovers to the rest of the world through its impact on the terms of trade"--Federal Reserve Board web site
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Audience level: 0.63 (from 0.47 for Macroecono ... to 0.89 for Is regiona ...)
Alternative Names
Bayoumi, T.
Bayoumi, Tamim.
Bayoumi, Tamin
Bayūmī, Tamīm
Bayūmī, Tamīm A.
Bayyūmī, Tamīm
Bayyūmī, Tamīm A.
English (250)