James M. Holmes


James Holmes.

James M. Holmes


James M. Holmes


Research Interests

Macroeconomic/Monetary Theory; Applied Econometrics

Contact Information

431 Fronczak

Buffalo NY, 14260-1520

Phone: (716) 645-8680



  • PhD, University of Chicago
  • MA, University of Chicago
  • BA, Wabash College

Recent Papers

Selected Publications

  • “A Stochastic Monopsony Theory of the Business Cycle” (with P.A. Hutton), Economic Inquiry, (2005). [Reader’s Guide to Stochastic Monopsony, Mathcad files A, B, and C.]
  • “Savings Education: Learning the Value of Self-Control”(with P.A. Hutton), Education Policy Analysis Archives, (2005), lead article.
  • “Keynesian Involuntary Unemployment and Sticky Nominal Wages,” (with P.A. Hutton.) The Economic Journal (1996)
  • “A New Test of Money/Income Causality,” (with P.A. Hutton) Journal of Money, Credit and Banking (1992)
  • “The Specification of the Transaction Demand for Money and the Tax Multiplier,” (with D. J. Smyth) Journal of Political Economy (1972)
  • “A Functional-Form, Distribution-Free Alternative to Parametric Analysis of Granger Causal Models,” (with P.A. Hutton) Advances in Econometrics (1988)
  • “Memory and Market Stability: The Case of the Cobweb,” (with R. Manning) Economics Letters (1988)

Other Contributions and Distinctions

  • Board of Editors, Journal of Macroeconomics.
  • Recipient of Milton Pleasure Excellence in Teaching Award, 1996, 2003, 2017.
  • Who’s Who in America. (61th Edition, 2001, 60th Diamond Edition, 2005, and prior years). (They note that I discovered the “Holmes-Smyth Effect” and a new non-parametric test for causality in a non-experimental science.)
  • Who’s Who in American Education. (7th Edition, 2006,).
  • Who’s Who Among America’s (Best) Teachers (Who’s Who Among America‘s Teachers. (1998, 2000, 2001, 2003, 8th Edition, 2005, and 9th Edition, 2006).
  • Who’s Who in Social Sciences Higher Education. (2004-6).
  • 2000 Outstanding Intellectuals of the 21st Century – 1st Edition and 2nd Edition.
  • Leading Educators of the World. (2005).