Charles Plosser

Charles I Plosser
Charles I Plosser
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 (age 76); 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

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).

Biography

Plosser 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

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

^ "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

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.

Academic offices
Preceded by Paul MacAvoy	Dean of the William E. Simon Graduate School of Business Administration Acting 1990–1991	Succeeded by Paul MacAvoy
Preceded by Paul MacAvoy	Dean of the William E. Simon Graduate School of Business Administration 1992–2003	Vacant Title next held by Mark A. Zupan
Other offices
Preceded by Anthony Santomero	President of the Federal Reserve Bank of Philadelphia 2006–2015	Succeeded by Patrick T. Harker

[1] "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

[2] 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

[3] John B. Long faculty page Archived 2012-04-05 at the Wayback Machine, simon.rochester.edu webpage. Retrieved 2012-11-16.

[4] Charles R. Nelson: Curriculum Vitae Archived May 12, 2013, at the Wayback Machine, econ.washington.edu webpage, October 2007. Retrieved 2012-11-16.

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v t e Neoclassical economists
William Stanley Jevons Léon Walras Francis Ysidro Edgeworth Alfred Marshall John Bates Clark Irving Fisher
Walrasian economics	Maurice Allais Gérard Debreu Edmond Malinvaud Jacques Drèze Jean-Michel Grandmont Guy Laroque [fr] Jean-Pascal Bénassy Yves Younes
New classical macroeconomics	Robert Barro Axel Leijonhufvud Robert Lucas Jr. Bennett McCallum Patrick Minford Thomas J. Sargent Neil Wallace
Real business cycle school	Robert King Finn E. Kydland John Long Charles Plosser Edward C. Prescott Sérgio Rebelo Alan Stockman

Authority control databases
International	ISNI VIAF WorldCat
National	Germany United States Netherlands Israel
Academics	CiNii Mathematics Genealogy Project MathSciNet