Nationality American Fields Macroeconomics Role Academic | Name Charles Plosser | |
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Born September 19, 1948 (age 75) ( 1948-09-19 ) Birmingham, Alabama Institution University of Rochester Alma mater University of Chicago
Vanderbilt University Influences Robert Lucas, Jr.
Edward C. Prescott
Thomas Sargent Education Vanderbilt University, University of Chicago Influenced by Robert Lucas, Jr., Edward C. Prescott, Thomas J. Sargent | ||
Contributions Real business cycles | ||
Charles plosser on why the fed should have raised rates a year ago
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. An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr. coined. Specifically, he wrote along with Charles R. Nelson in 1982 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).
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Biography
Plosser was born in Birmingham, Alabama and graduated from Indian Springs School in Indian Springs, Alabama. 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.