Charles Plosser

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
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	(1948-09-19) September 19, 1948 (age 76) Birmingham, Alabama, U.S.
Education	Vanderbilt University (BS) University of Chicago (MBA, PhD)
Academic background
Doctoral advisor	Arnold Zellner
Academic work
Discipline	Macroeconomics
Institutions	University of Rochester
Notable students	Robert Lucas Jr. Edward C. Prescott Thomas Sargent
Notable ideas	Real business-cycle theory
Website	Information at IDEAS / RePEc

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.