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Charles Plosser

{{short description|American economist}}

{{Infobox officeholder

|name = Charles I Plosser

|image = Charles Plosser (13896574697) (cropped).jpg

|office = 11th President of the Federal Reserve Bank of Philadelphia

|term_start = August 1, 2006

|term_end = March 1, 2015

|predecessor = Anthony Santomero

|successor = Patrick T. Harker

|birth_date = {{birth date and age|1948|9|19}}

|birth_place = Birmingham, Alabama, U.S.

|death_date =

|death_place =

|education = Vanderbilt University (BS)
University of Chicago (MBA, PhD)

|module = {{Infobox economist

|child = yes

|institution = University of Rochester

|field = Macroeconomics

|doctoral_advisor = Arnold Zellner

|notable_students = Robert Lucas Jr.
Edward C. Prescott
Thomas Sargent

|contributions = Real business-cycle theory

|repec_prefix = e

|repec_id = ppl11}}

}}

Charles Irving Plosser ({{IPAc-en|ˈ|p|l|ɑː|s|ər}}; 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.{{citation | archiveurl = https://web.archive.org/web/20131213015446/http://www.philadelphiafed.org/about-the-fed/senior-executives/plosser/ | archivedate = 2013-12-13 | url = http://www.philadelphiafed.org/about-the-fed/senior-executives/plosser/ | title=Executive Leadership: Charles I. Plosser, President and Chief Executive Officer | work= About the Fed |publisher = Federal Reserve Bank of Philadelphia }}{{citation | url = https://www.cnbc.com/id/102468849 | title = Philadelphia Fed names Patrick Harker as Plosser's successor | work = CNBC UPDATE | publisher = CNBC LLC | date = 2015-03-02 | author = Jonathan Spicer | ref = none | access-date = 2017-09-09 | archive-date = 2015-04-02 | archive-url = https://web.archive.org/web/20150402184658/http://www.cnbc.com/id/102468849 | url-status = dead }} An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr.[http://www.simon.rochester.edu/faculty--research/faculty-directory/full-time-faculty-directory/john-b-long/index.aspx John B. Long faculty page] {{Webarchive|url=https://web.archive.org/web/20120405193656/http://www.simon.rochester.edu/faculty--research/faculty-directory/full-time-faculty-directory/john-b-long/index.aspx |date=2012-04-05 }}, simon.rochester.edu webpage. Retrieved 2012-11-16. coined. Specifically, he wrote along with Charles R. Nelson in 1982[http://www.econ.washington.edu/user/cnelson/CV.htm Charles R. Nelson: Curriculum Vitae] {{webarchive |url=https://web.archive.org/web/20130512162049/http://www.econ.washington.edu/user/cnelson/CV.htm |date=May 12, 2013 }}, econ.washington.edu webpage, October 2007. Retrieved 2012-11-16. 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|date=March 2019}} 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 {{sic|Macroecon|mic}} Time Series: Some Evidence and Implications," Journal of Monetary Economics, 10(2), pp. 139–162. [http://www.sciencedirect.com/science/article/B6VBW-45F91W3-1K/2/b09a92716c37681343627e185838e158 Abstract.]
  • John B. Long, Jr. and Charles I. Plosser, 1983. "Real Business Cycles" Journal of Political Economy, 91(1), pp. [https://web.archive.org/web/20121014065258/http://www.nd.edu/~nmark/gradmacro_files/Long-Plosser.pdf 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 [https://www.jstor.org/pss/1804013 p. 363]-380. Reprinted in Finn E. Kydland, ed., 1995. Business Cycle Theory, pp. [https://books.google.com/books?id=H1NbKtqz_BwC&pg=PA136 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. [https://archive.today/20130201231652/http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VBW-45NHW40-H&_user=10&_coverDate=05/31/1988&_rdoc=1&_fmt=high&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=1364797310&_rerunOrigin=scholar.google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=64b55383556e731f766b166ca149e46e Abstract.]
  • Charles I. Plosser, 1989. "Understanding Real Business Cycles," Journal of Economic Perspectives, 3(3), pp. [https://www.sfu.ca/~kkasa/plosser.pdf 51-77] (press +).
  • {{cite book|author=Charles I. Plosser|title=Essays in Honor of Carl Christ|url=https://books.google.com/books?id=e8JHAAAAYAAJ|year=1996|publisher=Elsevier}}

References

{{reflist}}

External links

  • {{webarchive |url=https://web.archive.org/web/20080122050639/http://www.phil.frb.org/publicaffairs/officers/charles-plosser.cfm |date=January 22, 2008 |title=Biography at the Philadelphia Fed }}
  • [http://www.federalreserve.gov/bios/pres03.htm Federal Reserve System biography]
  • {{webarchive |url=https://web.archive.org/web/20110720040104/http://www.econ.rochester.edu/Faculty/Plosser.html |date=July 20, 2011 |title=Home page at Rochester }}
  • Robb, Greg, MarketWatch:
  • [http://www.marketwatch.com/story/feds-plosser-says-current-policy-very-risky-2012-11-15 "Fed’s Plosser says current policy very risky"], November 15, 2012
  • [https://www.marketwatch.com/story/feds-plosser-slams-qe3-2012-09-25 "Fed’s Plosser slams QE3"], September 25, 2012
  • {{MathGenealogy |id=149822 }}
  • {{cite web|title=Charles Plosser|url=https://www.jstor.org/action/doBasicSearch?Query=au%3A%22Charles+Plosser%22+&acc=off&wc=on&fc=off&group=none|publisher=JSTOR}}

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{{s-aca}}

{{s-bef|rows=2|before=Paul MacAvoy}}

{{s-ttl|title=Dean of the William E. Simon Graduate School of Business Administration
Acting|years=1990–1991}}

{{s-aft|after=Paul MacAvoy}}

|-

{{s-ttl|title=Dean of the William E. Simon Graduate School of Business Administration|years=1992–2003}}

{{s-vac|next=Mark A. Zupan}}

|-

{{s-other}}

{{s-bef|before=Anthony Santomero}}

{{s-ttl|title=President of the Federal Reserve Bank of Philadelphia|years=2006–2015}}

{{s-aft|after=Patrick T. Harker}}

{{s-end}}

{{Neoclassical economists}}

{{Authority control}}

{{DEFAULTSORT:Plosser, Charles}}

Category:1948 births

Category:20th-century American economists

Category:21st-century American economists

Category:Economists from Alabama

Category:Economists from Pennsylvania

Category:Federal Reserve Bank of Philadelphia presidents

Category:Indian Springs School alumni

Category:Living people

Category:University of Chicago Booth School of Business alumni

Category:University of Rochester faculty

Category:Vanderbilt University alumni