Christopher A. Pissarides
20 February 1948 |
|Institution||London School of Economics 1976-
University of Southampton 1974–76
University of Cyprus 2011- 
|Alma mater||London School of Economics
University of Essex
|Contributions||Macroeconomic Search and Matching Theories of Unemployment
|Awards||IZA Prize in Labour Economics
Nobel Memorial Prize in Economic Sciences
Christopher Antoniou Pissarides F.B.A. (Greek: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948) is a Cypriot economist. He is the Norman Sosnow Professor of Economics at the London School of Economics. His research interests focus on several topics of macroeconomics, notably labour, economic growth, and economic policy. In 2010, he was awarded the Nobel Prize in economics, jointly with Peter A. Diamond and Dale Mortensen, for his contributions to the theory of search frictions and macroeconomics.
Pissarides was born in Cyprus (into a Greek-Cypriot family) in the village of Agros. He received his B.A. in Economics in 1970 and his M.A. in Economics in 1971 at the University of Essex. He subsequently enrolled in the London School of Economics, where he received his PhD in Economics in 1973 under the supervision of the mathematical economist Michio Morishima.
He holds the Norman Sosnow Chair in Economics at the Economics Department and is Director of the Research Programme on Macroeconomics at the Centre for Economic Performance, both at the London School of Economics (where he has been since 1976).
Academic contributions 
Pissarides is mostly known for his contributions to the search and matching theory for studying the interactions between the labour market and the macro economy. He helped develop the concept of the matching function (explaining the flows from unemployment to employment at a given moment of time), and pioneered the empirical work on its estimation. Pissarides has also done research on structural change and growth.
Pissarides' most influential paper is arguably "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen)", published in the Review of Economic Studies in 1994. This paper built on the previous individual contributions that both authors had been making in the previous two decades.
The Mortensen-Pissarides model that resulted from this paper has been exceptionally influential in modern macroeconomics. In one or another of its extensions or variations, today it is part of the core of most graduate economics curricula throughout the world.
Pissarides' book Equilibrium Unemployment Theory, a standard reference in the literature of the macroeconomics of unemployment, is now in the second edition, and was revised after Pissarides's joint work with Mortensen, resulting in the analysis of both endogenous job creation and destruction.
Awards and honours 
- Fellow of the Econometric Society, 1997
- Fellow of the British Academy, 2002
- Fellow of the European Economic Association, 2005
- IZA Prize in Labour Economics, jointly with Dale Mortensen, 2005
- Foreign Honorary Member of the American Economic Association, 2011
- Vice President of the European Economic Association - President in 2011
- Nobel Prize in Economics in 2010, jointly with Dale Mortensen, Peter A. Diamond, for "analysis of markets with search frictions"
- The College Historical Society of Trinity College Dublin awarded Pissarides its Gold Medal for Outstanding Contribution to Public Discourse in 2012
Selected works 
- 1979. "Job Matchings with State Employment Agencies and Random Search", Economic Journal 89(356), pp. 818–33.
- "Short-Run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages," American Economic Review, (1985) 75(4), pp. 676–90.
- 1986. "Unemployment and Vacancies in Britain." Economic Policy, 1(3), p p. 499–559.
- 1994. "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), Review of Economic Studies 61(3), pp. 397–415.
- 2000. Equilibrium Unemployment Theory, second edition, Cambridge, MA: MIT Press. Description and chapter-preview links.
- "Structural Change in a Multi-Sector Model of Growth" (with L. Rachel Ngai), American Economic Review, forthcoming.
- Prof Christopher Pissarides at debretts.com
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides, official web site
- "Christopher A. Pissarides - Biographical". Nobelprize.org. Retrieved 2010-10-11.
- "LSE - Christopher A. Pissarides - CV" (PDF). Retrieved 2010-10-11.
- "News". Salome.lse.ac.uk. 2007-06-14. Retrieved 2010-10-11.
- Dale T. Mortensen and Christopher A. Pissarides, 1994. "Job Creation and Job Destruction in the Theory of Unemployment," Review of Economic Studies, 61(3), pp. 397–415 (press +).
- IZA (2010-08-12). "Prize". IZA. Retrieved 2010-10-11.
- "The Prize in Economic Sciences 2010". Nobelprize.org. Retrieved 2010-10-11.
- "3 Share Nobel Economics Prize for Market Analysis". New York Times. 2010-10-12. Retrieved 2010-10-12.
- Christopher A Pissarides personal page at London School of Economics
- Christopher Pissarides Personal Website
- Whos is Pissarides
- Equilibrium in the Labour Market with Search Frictions 2010 lecture at NobelPrize.org
- Profile and Papers at Research Papers in Economics/RePEc
- Christopher Pissarides, The Cypriot Nobel Prize Winner Commemorative Stamp Issue from the Cyprus Post.