Charles Plosser

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Charles Plosser
Charles Plosser (13896574697) (cropped).jpg
11th President of the Federal Reserve Bank of Philadelphia
In office
August 1, 2006 – March 1, 2015
Preceded byAnthony Santomero
Succeeded byPatrick T. Harker
Personal details
Born (1948-09-19) September 19, 1948 (age 74)
Birmingham, Alabama, U.S.
EducationVanderbilt University (BS)
University of Chicago (MBA, PhD)
Academic career
InstitutionUniversity of Rochester
Arnold Zellner
Other notable studentsRobert Lucas Jr.
Edward C. Prescott
Thomas Sargent
ContributionsReal 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).


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[edit]

  • 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.


  1. ^ "Executive Leadership: Charles I. Plosser, President and Chief Executive Officer", About the Fed, Federal Reserve Bank of Philadelphia, archived from the original on 2013-12-13
  2. ^ Jonathan Spicer (2015-03-02), "Philadelphia Fed names Patrick Harker as Plosser's successor", CNBC UPDATE, CNBC LLC, archived from the original on 2015-04-02, retrieved 2017-09-09
  3. ^ John B. Long faculty page, webpage. Retrieved 2012-11-16.
  4. ^ Charles R. Nelson: Curriculum Vitae Archived May 12, 2013, at the Wayback Machine, webpage, October 2007. Retrieved 2012-11-16.

External links[edit]

Academic offices
Preceded by
Paul MacAvoy
Dean of the William E. Simon Graduate School of Business Administration

Succeeded by
Paul MacAvoy
Dean of the William E. Simon Graduate School of Business Administration
Title next held by
Mark A. Zupan
Other offices
Preceded by
Anthony Santomero
President of the Federal Reserve Bank of Philadelphia
Succeeded by