Charles Plosser

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Charles Plosser
Born (1948-09-19) September 19, 1948 (age 68)
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 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).


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 [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 +).


  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 
  3. ^ John B. Long faculty page, webpage. Retrieved 2012-11-16.
  4. ^ Charles R. Nelson: Curriculum Vitae, webpage, October 2007. Retrieved 2012-11-16.

External links[edit]

Academic offices
Preceded by
Paul W. MacAvoy
Dean of the William E. Simon Graduate School of Business Administration (acting)
July 1, 1990 – Aug. 31, 1991
Succeeded by
Paul W. MacAvoy
Preceded by
Paul W. MacAvoy
Dean of the William E. Simon Graduate School of Business Administration
July 1, 1992 – June 30, 2003
Title next held by
Mark A. Zupan
Title last held by
Anthony M. Santomero
President of the Federal Reserve Bank of Philadelphia
August 1, 2006 – March 1, 2015
Succeeded by
Patrick T. Harker