WorldCat Identities

Kouri, Pentti J. K.

Overview
Works: 41 works in 115 publications in 4 languages and 325 library holdings
Genres: Exhibition, pictorial works  Exhibition catalogs  Biography 
Roles: Author, Creator
Classifications: TR715, 779.93850973
Publication Timeline
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Most widely held works by Pentti J. K Kouri
Intertemporal balance of payments : equilibrium and exchange rate determination by Pentti J. K Kouri( Book )

9 editions published between 1983 and 1984 in English and held by 41 WorldCat member libraries worldwide

A vintage model of supply applied to French manufacturing by Pentti J. K Kouri( Book )

5 editions published in 1985 in English and held by 18 WorldCat member libraries worldwide

In Kouri, Macedo and Viscio (1982), we applied a vintage model of supply to data from the French manufacturing sector. The model was, however, solved with a particular parametrization (Cobb Douglas production function and a quadratic adjustment function). Also, no fixed factors were allowed for in the theoretical treatment, even though fixed labor was found to be significant in the application to France. The treatment of technological progress was equally restrictive. Here we solve in Section I the general case of N variable factorsand N fixed factors with embodied and disembodied technological progress. It turns out to be simpler than the combination of a Cobb-Douglas production function with a quadratic adjustment function, thus suggesting a manageable framework for the analysis of profitability and employment inindustrial countries. The model is simulated in Section II using previously unavailable data on a subsector of French manufacturing froci 1959 to 1980. The empirical results confirm the importance of vintage effects
Balance of payments and the foreign exchange market : a dynamic partial equilibrium model by Pentti J. K Kouri( Book )

8 editions published between 1978 and 1981 in English and held by 17 WorldCat member libraries worldwide

This paper develops a dynamic partial equilibrium model of the foreign exchange market extending the standard textbook model in two respects. First, capital account transactions are explicitly incorporated into the model, and secondly, 'rational' speculative behaviour is also introduced. At a point in time, or in a given day, exchange rate fluctuations are dominated by 'new information' that leads to revision of speculative expectations, as well as by other disturbances on the capital account. In the long run, fundamental factors, such as divergences of inflation rates and real changes influencing the trade balance, become relevant in determining the 'trend' of the exchange rate. A variety of exercises, and numerical simulations, illustrate the usefulness of the dynamic supply-demand model in understanding the behaviour of floating exchange rates in a world of high capital mobility
Macroeconomics of stagflation under flexible exchange rates by Pentti J. K Kouri( Book )

5 editions published in 1982 in English and held by 13 WorldCat member libraries worldwide

The concerns of macroeconomic policy in the industrial countries in recent years have shifted the focus of open-economy macroeconomics to new and interesting problems. Although no synthesis, or a fully coherent theory of policy, has yet emerged from this research, the results have already led to major revisions in views abut the nature of the problems that policy has to deal with. This paper provides a selective survey and discussion of some of the results of recent research with emphasis on their implications for policy
The effect of risk on interest rates : a synthesis of the macroeconomic and financial views by Pentti J. K Kouri( Book )

7 editions published in 1981 in English and held by 13 WorldCat member libraries worldwide

This paper analyzes the effects of real income and price level uncertainty on equilibrium interest rates. It is demonstrated that even if there are no outside nominal assets, the interest rate on nominal bonds contains a risk premium, or as the case may be, a risk discount. The sign, and the magnitude, of the deviation from the Fisher parity depends on the covariance between the purchasing power of money on the one hand and real income on the other. The second part of the paper extends the model into a model of two countries, two monies and two bonds denominated in these two monies. It is shown, in contrast with statements made in the literature, that the 'efficiency' of international financial markets does not imply equality of expected real interest rates on bonds denominated in different currencies, nor does it imply that the forward exchange rate should be an unbiased predictor of the future spot exchange rate. This is again true even when there are no outside nominal assets in the world economy
Profitablity, employment and structural adjustment in France by Pentti J. K Kouri( Book )

7 editions published between 1982 and 1983 in English and held by 11 WorldCat member libraries worldwide

In this paper, we present a dynamic model which explains output, enployment and energy consumption in the French manufacturing sector in terms of the expectedand actual path of wage rates and energy prices in units of output. The modelhas two distinguishing features: First, the rate of capacity utilization isdetermined explicitly from profit-maximizing behavior and it is viewed as the crucial adjusting variable in the short run. Second, we assume complete lack of substitutability between capital, labor and energy inputs ex post. The model is motivated by a brief discussion of French growth, focusing on the decline of profitability and employment in manufacturing, and simulated using annual data from 1950 to 1979. The wage explosion and the energy shock of the early seventies are interpreted (in a model allowing for overhead labor) in terms of changes in expected real factor prices, and their effects on the utilizationand the profitability of each vintage are quantified. Aggregating over vintages, the model generates the observed decline in profitability and utilization of existing capacity. The results of the simulation are very encouraging, and a simultaneous estimation of the model under static expectations is rejected by the data. There are two limitations of the analysis which will be relaxed in further work. Investment is exogenous and open-economy aspects only appear indirectly, say via constraints on the energy price and the price of output
Profitability and growth in a small open economy by Pentti J. K Kouri( Book )

4 editions published in 1978 in English and Swedish and held by 10 WorldCat member libraries worldwide

International investment and interest rate linkages under flexible exchange rates by Pentti J. K Kouri( Book )

6 editions published in 1976 in English and Swedish and held by 10 WorldCat member libraries worldwide

The exchange rate and the balance of payments in the short run and in the long run : a monetary approach by Pentti J. K Kouri( Book )

7 editions published between 1975 and 1976 in English and Swedish and held by 8 WorldCat member libraries worldwide

Capital flows and the dynamics of the exchange rate by Pentti J. K Kouri( Book )

5 editions published in 1976 in English and held by 7 WorldCat member libraries worldwide

The determinants of the forward premium by Pentti J. K Kouri( Book )

7 editions published in 1976 in English and held by 7 WorldCat member libraries worldwide

Essays on the theory of flexible exchange rates by Pentti J. K Kouri( Book )

5 editions published in 1975 in English and Undetermined and held by 5 WorldCat member libraries worldwide

Perspectives on the stagflation of the 1970's by Pentti J. K Kouri( Book )

2 editions published in 1980 in English and held by 5 WorldCat member libraries worldwide

Open economy dynamics : selected papers by Pentti J. K Kouri( Book )

2 editions published in 2011 in English and held by 4 WorldCat member libraries worldwide

Carbon by Lothar Baumgarten( Book )

1 edition published in 1991 in English and held by 3 WorldCat member libraries worldwide

Reflections on exchange rate theory by Pentti J. K Kouri( Book )

2 editions published in 1983 in English and held by 2 WorldCat member libraries worldwide

Macroeconomic adjustment to interest rate disturbances : real and monetary aspects by Pentti J. K Kouri( Book )

2 editions published in 1981 in English and held by 2 WorldCat member libraries worldwide

Suomen omistaja ja elämäni muut roolit by Pentti J. K Kouri( Book )

2 editions published in 1996 in Finnish and held by 2 WorldCat member libraries worldwide

Oil shocks and exchange rate dynamics : a comment on Krugman with extension by Pentti J. K Kouri( Book )

2 editions published in 1983 in English and held by 2 WorldCat member libraries worldwide

Allen and Kennen on asset markets, exchange rates, and economic integration : a review article by Pentti J. K Kouri( Book )

2 editions published in 1981 in English and held by 2 WorldCat member libraries worldwide

 
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Alternative Names
Kouri, Pentti 1949-2009

Kouri, Pentti J. 1949-2009

Pentti Kouri finnischer Ökonom, Venture Capitalist und Kunstsammler

Pentti Kouri Finnish economist

Pentti Kouri Fins econoom (1949-2009)

Пентти Коури

Languages