| Charles I Plosser | |||||||||||||||||
| 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: | 19 September 1948 | ||||||||||||||||
| Birth Place: | Birmingham, Alabama, U.S. | ||||||||||||||||
| Education: | Vanderbilt University (BS) University of Chicago (MBA, PhD) | ||||||||||||||||
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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.[1] coined. Specifically, he wrote along with Charles R. Nelson in 1982[2] 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. 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.
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