Biography
James M. Johannes is the Graduate School of Banking-Prochnow Professor of Banking, and director of the Puelicher Center for Banking Education at the Wisconsin School of Business, where he also is an emeritus professor of finance. Additionally, Johannes is the director of Officer Education Programs at UW–Madison, and a member of the Officer Education Committee. Previously, he held positions with the business school as the senior associate dean for faculty and research, interim associate dean for executive and evening MBA programs, associate dean for executive education, and associate dean of undergraduate programs. He chaired the Department of Finance, Investment, and Banking at the Wisconsin School of Business from 1986-1996.
His research interests focus on banking and financial institutions, as well as monetary economics and policy. He has published a book on control of the money supply, a strategic planning manual for credit unions, and numerous articles on monetary policy and banking.
In addition to his teaching duties in the areas of banking and financial institutions at UW–Madison, he has also been a member of the Wisconsin Economic Development Corporation policy committee, the Economic Forecast Advisory Council of the State of Wisconsin’s Department of Revenue, and a faculty representative on UW–Madison’s Athletic Board and the Athletic Board Finance Committee. Johannes chaired the State of Wisconsin Department of Financial Institution’s committee to rewrite the Wisconsin Consumer Act, and was a member of the Governor’s Commission on UW System Compensation. He has served as a faculty member in the Prochnow Graduate School of Banking, the ABA School of Real Estate Finance, CUNA Management School, and the Mortgage Bankers Association School of Mortgage Banking.
Johannes taught economics at Michigan State University from 1976 to 1983.
He received his B.A., M.S., and Ph.D. degrees in economics from the University of Wisconsin-Madison.
Research
Selected Published Journal Articles
Johannes, J. & Koch, P. & Rasche, R. (1985). Estimating Regional Construction Cost Differences: Theory and Evidence Managerial and Decision Economics
Johannes, J. & Nasseh, A. (1985). Income or Wealth in Money Demand: An application of Non-Nested Hypothesis Tests Southern Economic Review
Johannes, J. & Hamermesh, H. (1985). Food Stamps as Money: The Macroeconomics of a Transfer Program Journal of Political Economy
Johannes, J. & Ahmed, E. (1984). St. Louis Equation Restrictions and Criticisms Revisited Journal of Money, Credit, and Banking
Johannes, J. (1984). Monetarism, Keynesianism and the New Classical Economics
Johannes, J. (1983). A New Look at the Relationship Between Time Series and Structural Econometric Models Journal of Econometrics
Johannes, J. & Feige, E. (1982). Was the United States Responsible for World Wide Inflation Under the Regime of Fixed Exchange Rates? Kyklos
Johannes, J. & Feige, E. (1981). Testing the Causal Relationship Between the Domestic Credit and Reserves Components of a Country’s Monetary Base Journal of Macroeconomics
Johannes, J. (1981). Testing the Shift Adjustment in the Federal Reserve’s New Shift Adjusted M1-B Economics Letters
Johannes, J. (1981). Testing and Exogeneity Specification Underlying the Monetary Approach to the Balance of Payments Review of Economics and Statistics
Johannes, J. & Rasche, R. (1980). Controlling Monetary Growth or Will the Fed Go all the Way in “Controlling Money: A Discussion”
Johannes, J. & Rasche, R. (1980). Additional Information of Significance Values for Durbin’s C+, C- and C Statistics Biometrika
Johannes, J. (1980). In Defense of the Venerable IS-LM Framework Journal of Economic Issues
Johannes, J. (1979). An Example of How the Control Variate Method Reduces Noise in Monte Carlo Experiments Communications in Statistics – Theory and Methods
Johannes, J. & Rasche, R. (1979). Predicting the Money Multiplier Journal of Monetary Economics
Johannes, J. & Rasche, R. Controlling the Growth of Monetary Aggregates
Practitioner-Oriented Publications
Johannes, J. & Maxwell, T. (2010). Merger Math Journal of Financial Education
Johannes, J. (1992). Beyond Textbook Asset-Liability Management Journal of Retail Banking
Johannes, J. & Altman, J. & Eberle, R. (1986). Time Series Deposit Forecasts and Bank Profitability
Johannes, J. & Rasche, R. (1986). Monetary Policy in 1986
Johannes, J. & Rasche, R. (1984). What’s in the Weekly M1 Announcements: Extracting the Signal from the Noise
Johannes, J. & Rasche, R. (1983). Analysis and Forecast of Money Multiplier Behavior 1982-84
Johannes, J. & Rasche, R. (1983). Chicken Little and the Monetary Aggregates”
Johannes, J. & Rasche, R. (1982). Forecasting Multipliers in the 80’s
Johannes, J. & Rasche, R. (1981). Forecasting Multiplers for the New Monetary Aggregates
Johannes, J. & Rasche, R. (1981). Can the Reserves Approach to Monetary Control Really Work? Journal of Money, Credit, and Banking
Johannes, J. & Rasche, R. (1981). Updated Forecasts of Money Multipliers
Johannes, J. & Rasche, R. & Koch, P. (1980). An Investigation of Factors Affecting Geographic Cost Differentials on Military Construction Projects
Johannes, J. & Rasche, R. (1980). Money Multiplier Forecasts
Johannes, J. & Rasche, R. (1980). The Construction and Forecasting of Money Multipliers for the New Monetary Aggregates
Johannes, J. & Rasche, R. (1979). Money Multiplier Forecasts for 1979
Johannes, J. & Rasche, R. (1979). Updated Forecasts for Money Multipliers
Presentations
(1983) Forecasting Money Multipliers in a Changing Financial Environment
(1983) The Ex-ante Forecasting Abiity of Johannes-Rasche Multiplier Models
(1980) The Relationship Betwenn Time Series and Structural Econometric Models
Annual Meeting (1980) Issues in a reserve Aggreage Approach to Control of the Money Stock
Annual Meeting (1979) Predicting the Money Multiplier
Annual Meeting (1976) Some Tests of the Monetarist Model of International Inflation
Teaching
Undergraduate Courses
Bank Simulation and Strategy (FIN 610), Spring 2009.
This course covers advanced asset-liability, hedging, tax minimization, merger/acquisitions and economic value added strategies for depository financial institutions. Students practice these strategies by managing their own bank in a computer simulation model, merging with or acquiring other student’s banks using M&A software, and by playing a foreign exchange trading simulation.
Bank Simulation and Strategy (FIN 610), Spring 2004.
This course covers advanced asset-liability, hedging, tax minimization, merger/acquisitions and economic value added strategies for depository financial institutions. Students practice these strategies by managing their own bank in a computer simulation model, merging with or acquiring other student’s banks using M&A software, and by playing a foreign exchange trading simulation.
Bank Simulation and Strategy (FIN 610), Spring 2006.
This course covers advanced asset-liability, hedging, tax minimization, merger/acquisitions and economic value added strategies for depository financial institutions. Students practice these strategies by managing their own bank in a computer simulation model, merging with or acquiring other student’s banks using M&A software, and by playing a foreign exchange trading simulation.
Bank Simulation and Strategy (FIN 610), Spring 2010.
This course covers advanced asset-liability, hedging, tax minimization, merger/acquisitions and economic value added strategies for depository financial institutions. Students practice these strategies by managing their own bank in a computer simulation model, merging with or acquiring other student’s banks using M&A software, and by playing a foreign exchange trading simulation.
Bank Simulation and Strategy (FIN 610), Spring 2008.
This course covers advanced asset-liability, hedging, tax minimization, merger/acquisitions and economic value added strategies for depository financial institutions. Students practice these strategies by managing their own bank in a computer simulation model, merging with or acquiring other student’s banks using M&A software, and by playing a foreign exchange trading simulation.
Bank Management (FIN 410), Fall 2005.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2006.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2010.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Spring 2007.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2007.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2009.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Spring 2010.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Spring 2001.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2008.
Bank Management (FIN 410), Spring 2009.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2001.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2002.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Spring 2002.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2003.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Spring 2003.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Bank Management (FIN 410), Fall 2004.
Management of depository financial intermediaries with primary emphasis on commercial banks. Topics include bank regulation, liquidity and reserve position management, loan pricing and analysis, investment portfolio problems and overall asset liability management.
Contemporary Topics (FIN 365), Spring 2001.
Bus Fund for Non-Bus Majors I (BUS 310), Fall 2010.
Part of a two course sequence introducing non-business students to basic concepts, practices and analytical methods that are part of the market enterprise system. This course is a basic overview on: accounting, finance, and business law.
Introduction to Business (BUS 100), Fall 2009.
Introduction to the basic concepts, practices and analytical methods that are part of the market enterprise system. Overview of the basic functions: management, accounting, finance, operations, and marketing conducted within a social and ethical framework.
Graduate Courses
Economics for Managers (OIM 732), Fall 2005.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Hybrid Courses
Contemporary Topics (FIN/FIN 365/765), Spring 2002.
Learning/Teaching Oriented Publications
Johannes, J. (2003). ‘Banking” (Encarta Microsoft Encyclopedia)
Johannes, J. (1986). Lawrence R. Klein
Service
Professional Organizations
American Economic Association