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Charles I. Plosser
Researcher at Federal Reserve Bank of Philadelphia
Publications - 112
Citations - 12242
Charles I. Plosser is an academic researcher from Federal Reserve Bank of Philadelphia. The author has contributed to research in topics: Monetary policy & Economic forecasting. The author has an hindex of 26, co-authored 111 publications receiving 11966 citations. Previous affiliations of Charles I. Plosser include University of Rochester & National Bureau of Economic Research.
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Production, growth and business cycles: I. The basic neoclassical model
TL;DR: In this paper, the authors present the neoclassical model of capital accumulation augmented by choice of labor supply as the basic framework of modern real business cycle analysis and explore the implications of the basic model for perfect foresight capital accumulation and for economic fluctuations initiated by impulses to technology.
Journal ArticleDOI
Real Business Cycles
John B. Long,Charles I. Plosser +1 more
TL;DR: In this article, the authors demonstrate how certain very ordinary economic principles lead maximizing individuals to choose consumption-production plans that display many of the characteristics commonly associated with business cycles, including rational expectations, complete current information, stable preferences, no technological change, no long-lived commodities, no frictions or adjustment costs, no government, no money, and no serial dependence in the stochastic elements of the environment.
ReportDOI
Stochastic Trends and Economic Fluctuations
Robert G. King,Robert G. King,Robert G. King,Charles I. Plosser,Charles I. Plosser,James H. Stock,James H. Stock,Mark W. Watson,Mark W. Watson +8 more
TL;DR: The authors used a long-run restriction implied by a large class of real-business-cycle models -identifying permanent productivity shocks as shocks to the common stochastic trend in output, consumption, and investment -to provide new evidence on this question.
Journal ArticleDOI
Potential GNP: Its measurement and significance: A dissenting opinion
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Stochastic Trends and Economic Fluctuations
TL;DR: This article used a long-run restriction implied by a large class of real-business-cycle models to identify permanent productivity shocks as shocks to the common stochastic trend in output, consumption, and investment.