Charles Plosser

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Charles Plosser
Born (1948-09-19) September 19, 1948 (age 65)
Birmingham, Alabama
Nationality American
Institution University of Rochester
Field Macroeconomics
Alma mater University of Chicago
Vanderbilt University
Influences Robert Lucas, Jr.
Edward C. Prescott
Thomas Sargent
Contributions Real business cycles
Information at IDEAS/RePEc

Charles Irving Plosser (born September 19, 1948) is the president of the Federal Reserve Bank of Philadelphia. An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr.[1] coined. Specifically, he wrote along with Charles R. Nelson in 1982[2] 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).

Biography[edit]

Plosser was born in Birmingham, Alabama. Before joining the Philadelphia Fed, Plosser was for 12 years the Dean of the William E. Simon Graduate School of Business Administration at the University of Rochester and served concurrently as the school's John M. Olin Distinguished Professor of Economics and Public Policy. He was also co-editor of the Journal of Monetary Economics for more than twenty years.

He earned Ph.D. and M.B.A. degrees from the University of Chicago in 1976 and 1972, respectively, and a bachelor of engineering degree from Vanderbilt University in 1970. He is also a graduate of Indian Springs School in Indian Springs, Alabama.

See also[edit]

Selected bibliography[edit]

  • Charles R. Nelson and Charles I. Plosser, September, 1982. "Trends and Random Walks in Macroeconmic 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 +).

References[edit]

  1. ^ John B. Long faculty page, simon.rochester.edu webpage. Retrieved 2012-11-16.
  2. ^ Charles R. Nelson: Curriculum Vitae, econ.washington.edu webpage, October 2007. Retrieved 2012-11-16.

External links[edit]