Charles Plosser
Encyclopedia
Charles Irving Plosser is the president of the Federal Reserve Bank of Philadelphia
. 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 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).
. 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.
Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia, headquartered in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which covers eastern Pennsylvania, the 9 southern counties of New Jersey, and Delaware...
. An academic macroeconomist
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
, 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 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).
Biography
Plosser was born in Birmingham, AlabamaBirmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
. Before joining the Philadelphia Fed, Plosser was for 12 years the Dean of the William E. Simon Graduate School of Business Administration
William E. Simon Graduate School of Business Administration
The University of Rochester Simon Graduate School of Business is the business school located on the University's River Campus in Rochester, New York. It was renamed after William E. Simon , the 63rd United States Secretary of the Treasury, in 1986...
at the University of Rochester
University of Rochester
The University of Rochester is a private, nonsectarian, research university in Rochester, New York, United States. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The university has six schools and various interdisciplinary programs.The...
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
Journal of Monetary Economics
The Journal of Monetary Economics is a leading journal on macroeconomics and monetary economics currently published by Elsevier. Its first issue was in October of 1973. Beginning in 2002, the Carnegie-Rochester Conference Series on Public Policy: a bi-annual conference proceedings began to be...
for more than twenty years.
He earned Ph.D. and M.B.A. degrees from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
in 1976 and 1972, respectively, and a bachelor of engineering degree from Vanderbilt University
Vanderbilt University
Vanderbilt University is a private research university located in Nashville, Tennessee, United States. Founded in 1873, the university is named for shipping and rail magnate "Commodore" Cornelius Vanderbilt, who provided Vanderbilt its initial $1 million endowment despite having never been to the...
in 1970. He is also a graduate of Indian Springs School
Indian Springs School
Indian Springs School is a private school that includes grades eight through twelve with both boarding and day students. It is at the base of Oak Mountain, in Indian Springs Village, Shelby County, Alabama, United States, near Pelham and just outside Birmingham.-History:Indian Springs School was...
in Indian Springs, Alabama.