Seppo Honkapohja | Academic Influence

Seppo Honkapohja's AcademicInfluence.com Rankings

Seppo Honkapohja

Economics

#1951

World Rank

#2235

Historical Rank

Macroeconomics

#179

World Rank

#191

Historical Rank

economics Degrees

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Economics

Seppo Honkapohja's Degrees

PhD Economics University of Helsinki

Why Is Seppo Honkapohja Influential?

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According to Wikipedia, Seppo Mikko Sakari Honkapohja is a Finnish economist. He is a board member of the Bank of Finland and former Professor of International Macroeconomics of the University of Cambridge. Career After receiving his International Baccalaureate at the United World College of the Atlantic in Wales, Seppo Honkapohja went to the University of Helsinki to get a M.Soc.Sc., the Licentiate of Soc.Sc. and in 1979 a D.Soc.Sc.

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Seppo Honkapohja's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

Learning and expectations in macroeconomics (2001) (2048)
Expectations and the Stability Problem for Optimal Monetary Policies (2000) (365)
Monetary Policy, Expectations and Commitment (2002) (247)
The economic crisis of the 1990s in Finland (1999) (241)
Adaptive Learning and Monetary Policy Design (2002) (220)
The Nordic Model. Embracing globalization and sharing risks (2007) (192)
Learning stability in economies with heterogeneous agents (2006) (124)
Learning and Macroeconomics (2009) (123)
Liquidity Traps, Learning and Stagnation (2007) (120)
Performance of Monetary Policy with Internal Central Bank Forecasting (2002) (113)
Learning as a Rational Foundation for Macroeconomics and Finance (2011) (107)
Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy? (2001) (102)
The 1990's Financial Crises in Nordic Countries (2009) (95)
Economic Dynamics with Learning: New Stability Results (1998) (93)
Notes on Agents' Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy * (2011) (93)
CONVERGENCE IN MONETARY INFLATION MODELS WITH HETEROGENEOUS LEARNING RULES (2001) (88)
Frontiers of Economics (1987) (86)
Local Convergence of Recursive Learning to Steady States and Cycles in Stochastic Nonlinear Models - (Now published in 'Econometrica', vol.63 (1995), pp.195-206.) (1992) (83)
Expectations, Learning and Monetary Policy: An Overview of Recent Rersearch (2008) (83)
Learning, Convergence, and Stability with Multiple Rational Expectations Equilibria - (Now published in 'European Economic Review', vol.38 (1994), pp.1071-1098.) (1994) (74)
On the Local Stability of Sunspot Equilibria under Adaptive Learning Rules (1992) (73)
Adaptive forecasts, hysteresis, and endogenous fluctuations (1993) (65)
Policy Interaction, Learning and the Fiscal Theory of Prices (2002) (65)
Policy Change and Learning in the RBC Model (2011) (65)
The E-Correspondence Principle (2004) (64)
Chapter 7 Learning dynamics (1999) (63)
Policy Interaction, Expectations and the Liquidity Trap (2003) (63)
Does Ricardian Equivalence Hold When Expectations are Not Rational? (2010) (61)
Anticipated Fiscal Policy and Adaptive Learning (2007) (55)
Learning with bounded memory in stochastic models (2003) (53)
Economic Prosperity Recaptured: The Finnish Path from Crisis to Rapid Growth (2009) (50)
On the Robustness of Bubbles in Linear RE Models (1992) (50)
Stability with regime switching (1983) (50)
Expectations, Economics of (2001) (50)
AN INTERVIEW WITH THOMAS J. SARGENT (2005) (50)
Monetary Policy, Judgment and Near-Rational Exuberance (2007) (49)
Country characteristics and the choice of the exchange rate regime: are mini-skirts followed by maxis? (1992) (48)
Notes on Agents ’ Behavioral Rules Under Adaptive Learning and Recent Studies of Monetary Policy Seppo Honkapohja (2003) (48)
A Complete Characterization of ARMA Solutions to Linear Rational Expectations Models (1986) (48)
Near-Rational Exuberance (2005) (42)
Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Linear Model (2003) (41)
Targeting Nominal GDP or Prices: Guidance and Expectation Dynamics (2014) (41)
EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2006 (2002) (38)
A monopoly-union model of wage determination with capital and taxes: An empirical application to the Finnish manufacturing (1994) (37)
Friedman's Money Supply Rule vs Optimal Interest Rate Policy (2003) (35)
Performance of Inflation Targeting Based on Constant Interest Rate Projections (2003) (35)
Monetary policies to counter the zero interest rate: an overview of research (2015) (35)
A MODEL OF NEAR-RATIONAL EXUBERANCE (2008) (34)
Kaushik Mitra – Seppo Honkapohja Targeting nominal GDP or prices : Guidance and expectation dynamics Bank of Finland (2014) (33)
The Euro Crisis: A View from the North (2013) (33)
Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State (2001) (32)
The Euro Area Crisis: A View from the North (2014) (32)
Least squares learning with heterogeneous expectations (1996) (31)
Comparing Inflation and Price‐Level Targeting: The Role of Forward Guidance and Transparency (2015) (31)
Inventory Dynamics in a Simple Disequilibrium Macroeconomic Model (1980) (30)
Are hyperinflation paths learnable (2006) (28)
Are Stationary Hyperinflation Paths Learnable? (2003) (28)
The EEAG Report on the European Economy 2007 (2006) (28)
Stochastic gradient learning in the cobweb model (1998) (28)
Expectations, Deflation Traps and Macroeconomic Policy (2009) (27)
Adaptive Learning and Expectational Stability: An Introduction - (Now published as Ch.4 in 'Learning Rationality in Economics', A Kirman and M Salmon (eds), 1995, Basil Blackwell, Oxford), pp.102-126.) (1992) (27)
Price Level Targeting with Evolving Credibility (2018) (27)
Stable Sunspot Equilibria in a Cash-in-Advance Economy (2001) (25)
FISCAL POLICY MULTIPLIERS IN AN RBC MODEL WITH LEARNING (2017) (25)
Robust Learning Stability with Operational Monetary Policy Rules (2007) (23)
Economic growth in the European Union (2006) (23)
On the Preservation of Deterministic Cycles when some Agents Perceive them to be Random Fluctuations (Now published in Journal of Economic Dynamics and Control, vol.17 (1993), pp.705-721.) (1993) (22)
Bayesian Model Averaging, Learning and Model Selection (2012) (22)
The depression of the 1990s in Finland: an analytic view (1996) (21)
On Continuity of Compensated Demand (1987) (21)
On Macroeconomic Equilibrium with Stochastic Rationing (1985) (20)
RULES OF THUMB AND DYNAMICPROGRAMMING (1995) (19)
Learning Stability in Economics with Heterogenous Agents (2002) (17)
Bounded rationality in macroeconomics A review essay (1995) (17)
The 1980s Financial Liberalization in the Nordic Countries (2012) (15)
Convergence of Learning Algorithms without a Projection Facility (1998) (15)
On Robustness of Average Inflation Targeting (2021) (13)
Complementarity, Growth, and Trade (2002) (12)
Financial crises: Lessons from the Nordic experience (2014) (12)
Fiscal Policy and Learning (2012) (12)
Convergence for difference equations with vanishing time-dependence, with applications to adaptive learning (2000) (11)
The Importance of Human Capital (2009) (11)
Expectations, Stagnation and Fiscal Policy (2016) (11)
Non-Trivial Equilibrium in an Economy with Stochastic Rationing (1979) (11)
The Employment Multiplier after Disequilibrium Dynamics (1980) (11)
Learning and economic fluctuations: Using fiscal policy to steer expectations (1993) (10)
Adaptive learning and bounded rationality: An introduction to basic concepts☆ (1993) (9)
The Members of the European Economic Advisory Group at CESifo 2005 (2002) (9)
Friedman's Money Supply Rule versus Optimal Interest Rate Policy (2003) (9)
A Stochastic Approach to Disequilibrium Macroeconomics (1979) (8)
Convergence of least squares learning to a non-stationary equilibrium (1994) (8)
STATES AND CYCLES IN STOCHASTIC NONLINEAR MODELS (1995) (8)
Variance-Minimizing Monetary Policies with Lagged Price Adjustment and Rational (1983) (7)
Should We Worry about the Brain Drain (2003) (7)
On the Efficiency of a Competitive Monetary Equilibrium with Transaction Costs (1978) (7)
Information and incentives in organizations (1992) (6)
A note on monopolistic quantity rationing (1980) (6)
Expectations and the theory of macroeconomic policy: Some recent developments (1985) (6)
Targeting Prices or Nominal GDP: Forward Guidance and Expectation Dynamics ∗ (2015) (6)
Expectations, Stagnation and Fiscal Policy: A Nonlinear Analysis (2020) (6)
Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making Processes (2009) (6)
Macroeconomic Modelling and Policy Implications (1993) (6)
Chapter 4: Scandinavia today: An economic miracle? (2007) (6)
A reexamination of the store of value in a sequence economy with transaction costs (1978) (5)
Disequilibrium dynamics with monetarist price expectations (1982) (5)
Differential Information, The Market and Incentive Compatibility (1982) (5)
Incidence effects of proposed reforms for the payroll tax in Finnish manufacturing (1993) (5)
Lessons from the Financial Liberalization in the Nordic Countries in the 1980s (2014) (5)
Limits and Problems of Taxation (1985) (4)
Growth and distribution : intergenerational problems (1986) (4)
Monetary Policy with Internal Central Bank Forecasting: A Case of Heterogenous Information ∗ (2004) (4)
Money and the core in a sequence economy with transaction costs (1977) (4)
Restarting growth in Europe after the Great Recession: CEE versus other countries (2013) (4)
The Weakness of the Euro: Is it Really a Mystery? (2002) (4)
Twenty Years of Inflation Targeting: Expectations, deflation traps and macroeconomic policy (2010) (3)
Gains and losses from tax competition with migration (2004) (3)
Bilateral Contracts (1981) (3)
Chapter 3: Longer Working Hours - the Beginning of a new Trend? (2005) (3)
On Government Deficits and Speculation (1990) (3)
Discussion of Preston, 'Learning About Monetary Policy Rules When Long-Horizon Expectations Matter' (2003) (3)
Introduction; Executive Summary (2002) (3)
Increasing Returns, Learning, and Beneficial Tax Competition (2007) (3)
Pay-setting Systems in Europe: Ongoing Developments and Possible Reforms (2009) (3)
Policy Interaction, Expectation and Liquidity Trap (2003) (3)
Monetary non-neutrality with anticipatory price setting and rational expectations (1979) (3)
Monetary Policy, Expectations and Commitment: Erratum (2010) (2)
Corrigendum: Monetary Policy, Expectations and Commitment (2010) (2)
The Crisis of the Early 1990s (2009) (2)
The problems of learning and indeterminacy in inflation targeting based on constant interest rate projections (2004) (2)
Learning Dynamics: Complete and Incomplete Learning (2001) (2)
Report of the IEA Committee on a new School of Economics and Economic Development (SEED) in the Third World (1994) (2)
Prices, Wages and Inflation after the Euro - What Europeans Shoud or Should not Expect (2002) (1)
Targeting Nominal GDP or Prices: Expectation Dynamics and the Interest Rate Lower Bound∗ (2013) (1)
Chapter 5: Tax competition (2007) (1)
Monetary policies to counter the zero interest rate: an overview of research (2016) (1)
Effects from Pandemic and Stagnation (2022) (1)
Centre for Dynamic Macroeconomic Analysis Working Paper Series Cdma12/02 (2012) (1)
A Disequilibrium Macroeconomic Model with Stochastic Rationing (1980) (1)
Growth and Productivity (2002) (1)
Chapter 13. Misspecification and Learning (2001) (1)
A monopoly union model of wage determination with taxes and endogenous capital stock : an empirical application to the finnish manufacturing industry (1991) (1)
Designing the European Model (2009) (1)
Growth Cycles (1996) (1)
Chapter 2: Outsourcing (2005) (1)
Chapter 3: Economic Growth in the European Union (2006) (1)
Chapter 5: Mergers and Competition Policy in Europe (2006) (1)
Labour Market Reform in Europe (2009) (1)
Shadow Banking: Financial Intermediation beyond Banks (2018) (1)
Adjustment Costs, Optimal Capacity Utilization, and the Corporation Tax (1985) (1)
Equivalence hold when expectations are not rational ? (2010) (1)
Chapter 2: Macroeonomic adjustment in the euro area – the cases of Ireland and Italy (2007) (1)
Suomen kasvu (Finnish Economic Growth) (2019) (1)
Efficiency and fairness in the design of bilateral contracts (1982) (1)
The 2004 Enlargement: Key Economic Issues (2004) (1)
Expectational Stability of Resonant Frequency Sunspot Equilibria (2001) (1)
The Members of the European Advisory Group at CESifo 2004 (2004) (1)
Seppo Honkapohja: Financial innovation and financial stability - comments (2014) (1)
Comparing Inflation and Price Level Targeting: The Role of Forward Guidance and Transparency (2015) (1)
Learning of Steady States in Nonlinear Models when Shocks Follow a Markov Chain (2006) (1)
Rethinking Subsidiarity in the EU: Economic Principles (2009) (1)
Chapter 14. Persistent Learning Dynamics (2001) (0)
Chapter 15. Extensions and Other Approaches (2001) (0)
Growth, inflation, and economic policy in a stochastic cash-in-advance economy (1997) (0)
Fiscal consolidations: comments in the panel by Seppo Honkapohja, Member of the Board, Bank of Finland (2010) (0)
Expectations, Economics of 2. Traditional Models 3. Rational Expectations 4. Econometric Issues with Rational Expectations 4.1 Testing for Rationality 5. Multiple Equilibria and Re 6. Learning (0)
Chapter 11. Nonlinear Models: Steady States (2001) (0)
Whither Macroeconomics? Editor's Introduction (1989) (0)
On Stochastic Rationing Equilibrium (1980) (0)
Asymmetric Trade Integration , Expectations , and Growth Seppo Honkapohja (2008) (0)
Acceding Countries: The Road to the Euro (2009) (0)
Near-rational Exuberance Ecb Conference on Monetary Policy and Imperfect Knowledge Ecb Conference on Monetary Policy and Imperfect Knowledge Near-rational Exuberance 1 C O N T E N T S (2005) (0)
The New Economy in Finland (2009) (0)
Macroeconomic Policies before and during the Crisis and in the Upswing (2009) (0)
Prospects for education policy in Europe (2006) (0)
Precautionary Saving, Government Policy and Growth in a Stochastic Cash-in-Advance Economy (1991) (0)
Research Division Federal Reserve Bank of St . Louis Working Paper Series Monetary Policy , Judgment and Near-Rational Exuberance (2005) (0)
Renewed Growth and Structural Change (2009) (0)
Seppo Honkapohja: Bank of Finland's 200 years (2014) (0)
Chapter 1: The European Economy: Macroeconomic Outlook and Policy (2007) (0)
Asymmetric Trade Integration, Expectations, and Growth (2008) (0)
Chapter 2. Introduction to the Techniques (2001) (0)
Seppo Honkapohja: Brief remarks of Finnish financial history (2017) (0)
Nordic Economic Policy Review 2022: COVID-19 Effects on the Economy in the Nordics (2022) (0)
Keynesian Issues and Economic Theory: Comment (1989) (0)
Chapter 1: The European Economy: Current Situation and Economic Outlook for 2005 (2005) (0)
Pro: The Stability and Growth Pact Should be Reformed (2004) (0)
Chapter 4. Applications (2001) (0)
Introduction: Foreword, Executive Summary (2003) (0)
Comments on Preston ∗ (2003) (0)
Macroeconomic modelling and policy implications : in honour of Pertti Kukkonen (1993) (0)
Pensions and Children (2009) (0)
Chapter 1. Expectations and the Learning Approach (2001) (0)
Comment on "Monetary Policy Mistakes and the Evolution of Inflation Expectations" (2012) (0)
Chapter 5: House Prices in Europe (2005) (0)
Intergenerational Aspects of Public Transfers, Borrowing and Debt: Comment (1986) (0)
WORKING PAPER NO . 89 MONETARY POLICY AND FEARS OF FINANCIAL INSTABILITY BY VINCENT BROUSSEAU AND CARSTEN DETKEN 1 November 2001 (2001) (0)
Chapter 16. Conclusions (2001) (0)
Financial Innovation and Financial Stability: An Introduction (2017) (0)
Book Reviews (2002) (0)
Chapter 8. Univariate Linear Models (2001) (0)
GRESHAM’S LAW OF MODEL AVERAGING (2016) (0)
The European Economy: Current Situation and Economic Outlook (2002) (0)
Chapter 7. Further Topics in Stochastic Approximation (2001) (0)
Chapter 5. The Mathematical Background (2001) (0)
Growth, Expectations and Tariffs (2011) (0)
Chapter 4: Prospects for Education Policy in Europe (2006) (0)
On the design of bilateral contracts (1984) (0)
The Role of Potential Growth in Policymaking (2009) (0)
Re-establishing Growth After the Crisis – Lessons from the Nordic Countries (2011) (0)
Chapter 12. Cycles and Sunspot Equilibria (2001) (0)
Seppo Honkapohja: International spillovers from unconventional monetary policy easing and exit - what do we know? (2014) (0)
G ENERALIZED S TOCHASTIC G RADIENT L EARNING (2005) (0)
Remaining Policy Challenges (2009) (0)
Chapter 6. Tools: Stochastic Approximation (2001) (0)
Chapter 10. Multivariate Linear Models (2001) (0)
Challenges to the Nordic Model (2015) (0)
Seppo Honkapohja The 1980 s financial liberalization in the Nordic countries Bank of Finland (2012) (0)
The state of macroeconomics : proceedings of a symposium, "Whither macroeconomics?" (1990) (0)
Chapter 4: Pensions and Children (2005) (0)
Comment on "Adaptive Learning and Monetary (2003) (0)
Mergers and Competition Policy in Europe (2006) (0)
Seppo Honkapohja: Financial liberalization in China (2014) (0)
Chapter 9. Further Topics in Linear Models (2001) (0)
[Health care and the economic way of thinking]. (2001) (0)
11 Expectations , De fl ation Traps and Macroeconomic Policy (2009) (0)
Fiscal and Monetary Policy (2002) (0)
Supply Side Uncertainty and Effects of Government Financing Decisions (1990) (0)
Chapter 2: Global Imbalances (2006) (0)
A REFORM OF THE STABILITY AND GROWTH PACT ? (2004) (0)
Seppo Honkapohja: 1st hundred years of the Bank of Finland (2015) (0)
Chapter 6: Economic nationalism (2007) (0)
Finland and Monetary Union - Economic Challenges (1997) (0)
Adaptive Learning in Stochastic Nonlinear Models When Shocks Follow a Markov Chain (2003) (0)
Chapter 3. Variations on a Theme (2001) (0)
Chapter 3: The new EU members (2007) (0)
The Macroeconomic Tradeoffs of Price and Income Policies: Comment (1990) (0)
Near-Rational Exuberance James Bullard (2004) (0)
"The current sovereign debt and banking crisis - ways forward?" 1 (2012) (0)
The Problems of Learning Stability and Determinacy in In fl ation Targeting Based On Constant Interest Rate Projections ∗ (2003) (0)
Welfare to Work (2002) (0)
The Economics of Discrimination: Equity, Equality and Diversity in the New European Constitution (2004) (0)

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