Timothy Coit Johnson (died December 31, 2023) was an American economist who served as the Karl and Louise Schewe Professor of Finance at the University of Illinois at Urbana-Champaign.
[1][2] Johnson is known for his contributions to research on financial markets, asset pricing, and more broadly, the effects of finance to the real economy.
[3] Johnson (2004) extends this line of research by looking at the stock price anomaly induced by analyst forecast dispersion, and builds a frictionless partial-equilibrium model to account for the key aspects in the asset market.
[8] His work, particularly Johnson (2006, 2008), has provided crucial insights into the fundamental origination of market liquidity, as well as its relationship with trading volume.
[11] Johnson (2022) sheds more light on the broad impact of finance on the real economy, by examining the leverage volatility relationship.