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 | Birmingham, Alabama, U.S. | September 19, 1948
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).