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Christopher A. Pissarides

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Sir Christopher Pissarides
Official LSE portrait of Professor Sir Christopher Pissarides
Born (1948-02-20) 20 February 1948 (age 76)[3]
Nicosia, Cyprus
NationalityCypriot, British
Academic career
FieldLabour economics
InstitutionLondon School of Economics 1976–
University of Southampton 1974–76
University of Cyprus 2011–[1]
Hong Kong University of Science and Technology 2013–[2]
Alma materLondon School of Economics
University of Essex
Doctoral
advisor		Michio Morishima
InfluencesDale Mortensen
ContributionsMacroeconomic Search and Matching Theories of Unemployment
Matching Function
Structural Growth
AwardsIZA Prize in Labor Economics (2006)
Nobel Memorial Prize in Economic Sciences
(2010)
Information at IDEAS / RePEc

Sir Christopher Antoniou Pissarides FBA (Greek: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948[3]) is a Greek Cypriot economist. He is the School Professor of Economics & Political Science and Regius 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.[4]

Early life

Pissarides was born in Nicosia, Cyprus[5] into a Greek Orthodox family from the village of Agros.[6]

He was educated at the Pancyprian Gymnasium in Nicosia.[7] 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 for thesis titled Individual behaviour in markets with imperfect information.[8]

Career

He is Regius Professor of Economics at the London School of Economics (where he has been since 1976).[9] and Chair of the Centre for Macroeconomics.

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.[10] 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

Pissarides was knighted in the 2013 Birthday Honours for services to economics.[15]

Selected works

Nobel Prize 2010, press conference with the laureates of the Nobel prizes in chemistry and physics and the memorial prize in economic sciences at the KVA
  • "Job Matchings with State Employment Agencies and Random Search". Economic Journal. 89 (356): 818–833. 1979. JSTOR 2231501.
  • "Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages". American Economic Review. 75 (4): 676–690. 1985. JSTOR 1821347.
  • "Unemployment and Vacancies in Britain". Economic Policy. 1 (3): 499–559. 1986. JSTOR 1344583.
  • "Job Creation and Job Destruction in the Theory of Unemployment". Review of Economic Studies. 61 (3). (with Dale Mortensen): 397–415. 1994. doi:10.2307/2297896.{{cite journal}}: CS1 maint: others (link)
  • Equilibrium Unemployment Theory (Second ed.). Cambridge, MA: MIT Press. 2000. ISBN 0-262-16187-7. Description and chapter-preview links.
  • "Structural Change in a Multi-Sector Model of Growth" (PDF). American Economic Review. 97 (1). (with L. Rachel Ngai): 429–443. 2007. doi:10.1257/aer.97.1.429. JSTOR 30034402.{{cite journal}}: CS1 maint: others (link)

References

  1. ^ [1]
  2. ^ [2]
  3. ^ a b Prof Christopher Pissarides at debretts.com
  4. ^ 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
  5. ^ "Christopher A. Pissarides – Biographical". Nobelprize.org. Retrieved 11 October 2010.
  6. ^ CHRISTOPHER A. PISSARIDES
  7. ^ http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2010/pissarides-autobio.pdf
  8. ^ a b c "LSE – Christopher A. Pissarides – CV" (PDF). Archived from the original (PDF) on 3 December 2013. Retrieved 11 October 2010.
  9. ^ "News". Salome.lse.ac.uk. 14 June 2007. Retrieved 11 October 2010.
  10. ^ Mortensen, Dale T.; Pissarides, Christopher A. (1994). "Job Creation and Job Destruction in the Theory of Unemployment". Review of Economic Studies. 61 (3): 397–415. doi:10.2307/2297896.
  11. ^ IZA (12 August 2010). "Prize". IZA. Retrieved 11 October 2010.
  12. ^ a b "The Prize in Economic Sciences 2010". Nobelprize.org. Retrieved 11 October 2010.
  13. ^ "3 Share Nobel Economics Prize for Market Analysis". New York Times. 12 October 2010. Retrieved 12 October 2010.
  14. ^ "Εκλογή του καθηγητή κ. Χριστόφορου Πισσαρίδη, κατόχου βραβείου Νόμπελ Οικονομικής Επιστήμης, ως Τακτικού Μέλους της Ακαδημίας Αθηνών" [Election of Prof. Christopher Pissarides, holder of the Nobel Prize in Economics, as member of the Academy of Athens]. Academy of Athens. 6 November 2015. Retrieved 29 December 2015.
  15. ^ "No. 60534". The London Gazette (invalid |supp= (help)). 15 June 2013.
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