Lance Girton

Background

Girton, Lance was born on July 20, 1942 in Brazil, Indiana, United States. Son of John E. and Barbara (Woolard) Girton.

Education

Bachelor in Economics, Southern Illinois University, cre, 1964. Master of Arts in Economics, University Chicago, 1967. Doctor of Philosophy in Economics, University Chicago, 1976.

Career

Instructor economics Elmhurst (Illinois) College, 1968-1969. Assistant professor economics Michigan Technological University, Houghton, 1969-1971. Economist international finance division Board Governors Federal Reserve System, Washington, 1971-1978.

Professor Pennsylvania State University, College Park, 1983-1984. Visiting professor University Utah, Salt Lake City, 1977-1978, professor, since 1978. Associate professorial lecturer George Washington University, Washington, 1975-1976.

Vice president, head research Citicorp Homeowners Inc., St. Louis, 1985-1986. Consultant Investment Companies Institute, Washington, 1981-1983, World Bank, Washington, since 1982, Congressional Budget Office, Washington, 1980. Research associate Center for the Economic Analysis of Law, since 1996.

Murphy Endowment Fund visiting scholar University Wisconsin, La Crosse, 1979. Presenter papers, participant professional meetings, since 1973. Seminar presenter Brown University, University Chicago, University Pennsylvania, Pennsylvania State University, University of California at Los Angeles, University Colorado, also others.

Referee professional journals.

Achievements

• Lance Girton has been listed as a noteworthy Economics educator by Marquis Who's Who.

Views

My work has been on monetary theory and policy. I have concentrated on the interrelationships between international and domestic monetary policy. My work has been influenced by a belief that institutions are important.

Since institutions can change rapidly in response to events, institutional assumptions underlying theory and policy analysis should be carefully identified. My early work with Dale Henderson used portfolio theory to examine the relationships between exchange market policy and domestic monetary policies under international monetary institutions prevailing in the 1970s. Work with Don Roper focussed on international and domestic monetary policy under floating exchange rates and developed the theory of exchange market pressure.

In related work, we examined the relationships between the quantity theory of money for a closed economy and the theory of the effect of money on the balance of payments and exchange rates. In subsequent work with Roper, I developed the theory and implications of having substitutable monies available to money holders. We examined the implications of multiple monies for monetary policy and the stability and determinancy of exchange rates between monies.

In recent work, we argue that international monetary factors, in particular the undervaluation of gold in the 1920s, was an important cause of the international and domestic monetary collapse in the 1930s.

Membership

Member American Economics Association.

Interests

• 432 International Monetary Arrangement. 311 Domestic Monetary and Financial Theory and Policy. 023 Macroeconomic Theory.

Connections

Married Kathy Marlock, April 30, 1988;children: Derek, Lance Alan.

Father:

John E. Girton

Mother:

Barbara (Wooland) Girton

Spouse:

Kathy Marlock

child:

Derek Girton

child:

Lance Alan Girton