Shirley Montag Almon is an economist noted for the Almon Lag. She was educated at Goucher College

Goucher College

Goucher College is a private, co-educational, liberal arts college located in the northern Baltimore suburb of Towson in unincorporated Baltimore County, Maryland, on a 287 acre campus. The school has approximately 1,475 undergraduate students studying in 31 majors and six interdisciplinary...

 Baltimore and then for her PhD at Harvard (1964). A core element of her PhD was published in Econometrica

Econometrica

Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...

(1965) and introduced the now famous technique for estimating distributed lag

Distributed lag

In statistics and econometrics, a distributed lag model is a model for time series data in which a regression equation is used to predict current values of a dependent variable based on both the current values of an explanatory variable and the lagged values of this explanatory variable.The...

s. She went on to work ar the Women's Bureau, the National Bureau of Economic Research

National Bureau of Economic Research

The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...

, The Federal Reserve Bank of San Francisco

Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states-—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington--plus the Northern Mariana Islands, American Samoa,...

, the Federal Reserve Board and at both Wesley College and Harvard University

Harvard University

Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

. Her most noted post was her appointment to the staff of the President's Council of Economic Advisors in 1966.

Key Works

(1965) The distributed lag between capital appropriations and expenditures, Econometrica, 33, January, 178-196

(1968) Lags between investment decisions and their causes, Review of Economics and Statistics 50, May, 193-206