Charles Irving Plosser (/ˈplɑːsər/; born September 19, 1948) is a former president of the Federal Reserve Bank of Philadelphia who served from August 1, 2006, to March 1, 2015.[1][2] An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr.[3] coined. Specifically, he wrote along with Charles R. Nelson in 1982[4] an influential work entitled "Trends and Random Walks in Macroeconomic Time Series" in which they dealt with the hypothesis of permanent shocks affecting the aggregate product (GDP).
Charles I Plosser | |
|---|---|
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| 11th President of the Federal Reserve Bank of Philadelphia | |
| In office August 1, 2006 – March 1, 2015 | |
| Preceded by | Anthony Santomero |
| Succeeded by | Patrick T. Harker |
| Personal details | |
| Born | September 19, 1948 Birmingham, Alabama, U.S. |
| Education | Vanderbilt University (BS) University of Chicago (MBA, PhD) |
| Academic career | |
| Field | Macroeconomics |
| Institution | University of Rochester |
| Doctoral advisor | Arnold Zellner |
| Other notable students | Robert Lucas Jr. Edward C. Prescott Thomas Sargent |
| Contributions | Real business-cycle theory |
| Information at IDEAS / RePEc | |
Biography
editPlosser was born in Birmingham, Alabama, and graduated from Indian Springs School in Indian Springs, Alabama.[citation needed] He earned a bachelor of engineering degree from Vanderbilt University in 1970, and Ph.D. and M.B.A. degrees from the University of Chicago in 1976 and 1972, respectively.
Before joining the Philadelphia Fed, Plosser was the dean of the William E. Simon Graduate School of Business Administration at the University of Rochester for 12 years. He also served concurrently as the school's John M. Olin Distinguished Professor of Economics and Public Policy. Plosser was also the co-editor of the Journal of Monetary Economics for over 20 years.
Selected bibliography
edit- Charles R. Nelson and Charles I. Plosser, September, 1982. "Trends and Random Walks in Macroeconmic [sic] Time Series: Some Evidence and Implications," Journal of Monetary Economics, 10(2), pp. 139–162. Abstract.
- John B. Long, Jr. and Charles I. Plosser, 1983. "Real Business Cycles" Journal of Political Economy, 91(1), pp. 39-69 (press +).
- Robert G. King and Charles I. Plosser, 1984. "Money, Credit, and Prices in a Real Business Cycle," American Economic Review, 74(3), p p. 363-380. Reprinted in Finn E. Kydland, ed., 1995. Business Cycle Theory, pp. 136-55.
- Robert G. King, Charles I. Plosser, and Sergio T. Rebelo, 1988. "Production, Growth, and Business Cycles: I. The Basic Neoclassical Model," Journal of Monetary Economics, 21(2-3), pp. 195–232. Abstract.
- Charles I. Plosser, 1989. "Understanding Real Business Cycles," Journal of Economic Perspectives, 3(3), pp. 51-77 (press +).
- Charles I. Plosser (1996). Essays in Honor of Carl Christ. Elsevier.
References
edit- ^ "Executive Leadership: Charles I. Plosser, President and Chief Executive Officer", About the Fed, Federal Reserve Bank of Philadelphia, archived from the original on 2013-12-13
- ^ Jonathan Spicer (2015-03-02), "Philadelphia Fed names Patrick Harker as Plosser's successor", CNBC UPDATE, CNBC LLC, archived from the original on 2015-04-02, retrieved 2017-09-09
- ^ John B. Long faculty page Archived 2012-04-05 at the Wayback Machine, simon.rochester.edu webpage. Retrieved 2012-11-16.
- ^ Charles R. Nelson: Curriculum Vitae Archived May 12, 2013, at the Wayback Machine, econ.washington.edu webpage, October 2007. Retrieved 2012-11-16.
External links
edit- Biography at the Philadelphia Fed at the Wayback Machine (archived January 22, 2008)
- Federal Reserve System biography
- Home page at Rochester at the Wayback Machine (archived July 20, 2011)
- Robb, Greg, MarketWatch:
- "Fed’s Plosser says current policy very risky", November 15, 2012
- "Fed’s Plosser slams QE3", September 25, 2012
- Charles Plosser at the Mathematics Genealogy Project
- "Charles Plosser". JSTOR.