Wisconsin School of Business

James (Jim) Johannes

Senior Associate Dean for Faculty and Research, Director of Puelicher Center for Banking Education, Director of Officer Education

Professor - Finance, Puelicher Center
Aschenbrener Chair in Finance, Graduate School of Banking-Prochnow Professor of Banking

James M. Johannes is currently senior associate dean for faculty and research at the Wisconsin School of Business, University of Wisconsin–Madison. He also is Aschenbrener Chair in Finance, Graduate School of Banking-Prochnow Professor of Banking, and director of the Puelicher Center for Banking Education, where he also is a 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 interim associate dean for executive and evening MBA programs, senior associate dean, 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.
 

Selected Published Journal Articles


Johannes, J. & Koch, P. & Rasche, R. (1985). Estimating Regional Construction Cost Differences: Theory and Evidence. Managerial and Decision Economics (6), 69-78. doi: 10.1002/mde.4090060203.
Johannes, J. & Nasseh, A. (1985). Income or Wealth in Money Demand: An application of Non-Nested Hypothesis Tests. Southern Economic Review, 1099-1106.
Johannes, J. & Hamermesh, H. (1985). Food Stamps as Money: The Macroeconomics of a Transfer Program. Journal of Political Economy (93), 205-213.
Johannes, J. & Ahmed, E. (1984). St. Louis Equation Restrictions and Criticisms Revisited. Journal of Money, Credit, and Banking (16), 514-520.
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 (23), 235-251. doi: 10.1016/0304-4076(93)90079-K.
Johannes, J. & Feige, E. (1982). Was the United States Responsible for World Wide Inflation Under the Regime of Fixed Exchange Rates?. Kyklos (35), 263-277. doi: 10.1111/j.1467-6435.1982.tb00166.x.
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 (3), 55-76. doi: 10.1016/0164-0704(81)90005-7.
Johannes, J. (1981). Testing the Shift Adjustment in the Federal Reserve's New Shift Adjusted M1-B. Economics Letters (8), 367-372. doi: 10.1016/0165-1765(81)90027-6.
Johannes, J. (1981). Testing and Exogeneity Specification Underlying the Monetary Approach to the Balance of Payments. Review of Economics and Statistics (63), 29-35.
Johannes, J. & Rasche, R. (1980). Controlling Monetary Growth or Will the Fed Go all the Way in "Controlling Money: A Discussion". , 27-38.
Johannes, J. & Rasche, R. (1980). Additional Information of Significance Values for Durbin's C+, C- and C Statistics. Biometrika (67), 511-514. doi: 10.1093/biomet/67.2.511.
Johannes, J. (1980). In Defense of the Venerable IS-LM Framework. Journal of Economic Issues (XIV), 207-210.
Johannes, J. (1979). An Example of How the Control Variate Method Reduces Noise in Monte Carlo Experiments. Communications in Statistics - Theory and Methods (B8), 355-347. doi: 10.1080/03610917908812123.
Johannes, J. & Rasche, R. (1979). Predicting the Money Multiplier. Journal of Monetary Economics (5), 301-325. doi: http://dx.doi.org/10.1016/0304-3932(79)90031-X.
Johannes, J. & Rasche, R. Controlling the Growth of Monetary Aggregates.

Practitioner-Oriented Publications


Johannes, J. & Maxwell, T. (2010). Merger Math. Journal of Financial Education (36), 61-79.
Johannes, J. (1992). Beyond Textbook Asset-Liability Management. Journal of Retail Banking (Fall 1992), 23-27.
Johannes, J. & Altman, J. & Eberle, R. (1986). Time Series Deposit Forecasts and Bank Profitability. (86), 19-27.
Johannes, J. & Rasche, R. (1986). Monetary Policy in 1986. (IV)
Johannes, J. & Rasche, R. (1984). What's in the Weekly M1 Announcements: Extracting the Signal from the Noise. (II)
Johannes, J. & Rasche, R. (1983). Analysis and Forecast of Money Multiplier Behavior 1982-84. (PPS 83-5)
Johannes, J. & Rasche, R. (1983). Chicken Little and the Monetary Aggregates". (PPS-83-2)
Johannes, J. & Rasche, R. (1982). Forecasting Multipliers in the 80's. (PPS-82-2)
Johannes, J. & Rasche, R. (1981). Forecasting Multiplers for the New Monetary Aggregates. (PPS-81-8)
Johannes, J. & Rasche, R. (1981). Can the Reserves Approach to Monetary Control Really Work?. Journal of Money, Credit, and Banking (13), 298-313.
Johannes, J. & Rasche, R. (1981). Updated Forecasts of Money Multipliers. (PPS-81-4)
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. (PPS-80-2)
Johannes, J. & Rasche, R. (1980). The Construction and Forecasting of Money Multipliers for the New Monetary Aggregates. (PPS-80-4)
Johannes, J. & Rasche, R. (1979). Money Multiplier Forecasts for 1979. (pps-78-3)
Johannes, J. & Rasche, R. (1979). Updated Forecasts for Money Multipliers. (PPS-79-7)

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


Undergraduate Courses


Bank Simulation and Strategy
Course DescriptionThis 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.
(FIN 610 Section 1), Spring 2009.

Bank Simulation and Strategy
Course DescriptionThis 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.
(FIN 610), Spring 2004.

Bank Simulation and Strategy
Course DescriptionThis 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.
(FIN 610), Spring 2006.

Bank Simulation and Strategy
Course DescriptionThis 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.
(FIN 610 Section 1), Spring 2010.

Bank Simulation and Strategy
Course DescriptionThis 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.
(FIN 610 Section 1), Spring 2008.

Bank Management (FIN 410 Section 1), Fall 2008.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Spring 2009.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2001.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2002.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Spring 2002.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2003.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Spring 2003.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2004.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Spring 2001.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2005.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Fall 2009.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Spring 2010.

Bank Management
Course DescriptionManagement 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.
(FIN 410), Fall 2006.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Fall 2010.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Spring 2007.

Bank Management
Course DescriptionManagement 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.
(FIN 410 Section 1), Fall 2007.

Contemporary Topics (FIN 365), Spring 2001.

Bus Fund for Non-Bus Majors I
Course DescriptionPart 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.
(BUS 310 Section 1), Fall 2010.

Introduction to Business
Course DescriptionIntroduction 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.
(BUS 100 Section 1), Fall 2009.



Graduate Courses


Economics for Managers
Course DescriptionThis 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.
(OIM 732), Fall 2005.



Combined Undergraduate & Graduate 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.

Professional Organizations


American Economic Association


Photograph of James Johannes

James (Jim) Johannes

Senior Associate Dean for Faculty and Research, Director of Puelicher Center for Banking Education, Director of Officer Education
 
Professor | Finance, Puelicher Center
Aschenbrener Chair in Finance, Graduate School of Banking-Prochnow Professor of Banking
(608) 265-4488
5181C Grainger Hall