Charles Nelson (economist)

Charles Rowe Nelson (* 1942 in Milwaukee , Wisconsin ) is an American economist and university professor .

Career, research and teaching

Nelson first studied at Yale College , where he received his Bachelor of Arts in 1963 . He then went to the University of Wisconsin – Madison . After receiving a Master of Arts in economics in 1967, he graduated two years later as a Ph.D.

As a post-doctoral student , Nelson worked at the University of Chicago from 1968 , before joining the university as an assistant professor at the university's Graduate School of Business after completing his studies in 1969 . In 1973 he was promoted to associate professor , but two years later followed a call from the University of Washington as a full professor. In 1979 he took over the management of the economics faculty, which he held for five years. From 1980 he was also a professor of statistics. In 1993 he took over the Ford and Louisa Van Voorhis Chair for Political Economy at the university .

Nelson's main research area is empirical macroeconomics and the associated econometric methods. He dealt in particular with the time series analysis , where he achieved significant results within the framework of the theory of real business cycles . In particular, together with Charles Plosser , he expanded the concept of cointegration , for which the American economists Clive WJ Granger and Robert F. Engle received the 2003 Nobel Prize in Economics . Another field of activity is the investigation of biased estimates in econometric models.

Works

The following is a list of books published by Nelson and the author of numerous magazine articles and working papers.

• The Term Structure of Interest Rates , 1972
• Applied Time Series Analysis for Managerial Forecasting , 1973.
• The Investor's Guide to Economic Indicators , 1987
• Macroeconomics: An Introduction , 1993 (now 5th edition)
• with Chang-Jin Kim : State-Space Models with Regime Switching: Classical and Gibbs Sampling Approaches with Applications , 1999.

literature

• Mark Blaug (Ed.): Who's who in economics. 3rd edition, Elgar, Cheltenham [u. a.] 1999, ISBN 1-85898-886-1 , pp. 821-822

Web links

• Charles Nelson at the University of Washington
• Nelson's book "Macroeconomics: An Introduction" as an Internet version
• Charles Nelson's list of publications
• Literature by and about Charles Nelson (economist) in the bibliographic database WorldCat