Sir Christopher Antoniou Pissarides (; el, Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948
[Prof Christopher Pissarides](_blank)
at debretts.com) is a Cypriot economist. He is the School Professor of Economics & Political Science and
Regius Professor
A Regius Professor
is a university Professor (highest academic rank), professor who has, or originally had, Monarchy of the United Kingdom, royal patronage or appointment. They are a unique feature of academia in the United Kingdom and Republic ...
of Economics at the
London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 millio ...
, and Professor of European Studies at the
University of Cyprus
The University of Cyprus (Greek: Πανεπιστήμιο Κύπρου) is a public research university established in Cyprus in 1989. It admitted its first students in 1992 and has approximately 7000 students.
History
The University of Cyprus wa ...
. His research focuses on topics of
macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole.
For example, using interest rates, taxes, and ...
, notably
labour
Labour or labor may refer to:
* Childbirth, the delivery of a baby
* Labour (human activity), or work
** Manual labour, physical work
** Wage labour, a socioeconomic relationship between a worker and an employer
** Organized labour and the labour ...
, economic growth, and
economic policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the e ...
. In 2010, he was awarded the
Nobel Prize in Economics
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
, jointly with
Peter A. Diamond
Peter Arthur Diamond (born , 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memoria ...
and
Dale Mortensen
Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist and winner of the Nobel Memorial Prize in Economic Sciences.
Early life and education
Mortensen was born in Enterprise, Oregon. He received his BA in econom ...
, "for their analysis of markets with
theory of search frictions."
Early life
Pissarides was born in
Nicosia
Nicosia ( ; el, Λευκωσία, Lefkosía ; tr, Lefkoşa ; hy, Նիկոսիա, romanized: ''Nikosia''; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaor ...
, Cyprus,
into a
Greek Orthodox
The term Greek Orthodox Church (Greek language, Greek: Ἑλληνορθόδοξη Ἐκκλησία, ''Ellinorthódoxi Ekklisía'', ) has two meanings. The broader meaning designates "the Eastern Orthodox Church, entire body of Orthodox (Chalced ...
family from the village of
Agros.
Pissarides was educated at the
Pancyprian Gymnasium
The Pancyprian Gymnasium (Greek: Παγκύπριον Γυμνάσιον) is the oldest still operational high school in Cyprus, founded in 1812.
History
In the same location as the current school there was an older school established in 1753 kn ...
in Nicosia.
[ He earned bachelor's and master's degrees in economics from the ]University of Essex
The University of Essex is a public university, public research university in Essex, England. Established by royal charter in 1965, Essex is one of the original plate glass university, plate glass universities. Essex's shield consists of the an ...
in 1970 and 1971, and a PhD in economics from the London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 millio ...
in 1973, under the supervision of the mathematical economist Michio Morishima
was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970–88. He was also professor at Osaka University and member of the British Academy. In 1976 he ...
for a thesis entitled "Individual behaviour in markets with imperfect information."
Career
Pissarides is Regius Professor
A Regius Professor
is a university Professor (highest academic rank), professor who has, or originally had, Monarchy of the United Kingdom, royal patronage or appointment. They are a unique feature of academia in the United Kingdom and Republic ...
of Economics at the London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 millio ...
, where he has been since 1976. He is chairman of the Centre for Macroeconomics
The Centre For Macroeconomics (CFM) is a research centre in London dedicated to the investigation and development of new methodologies and research in order to inform economic policy decisions. It also focuses on ways to alleviate the effects of ...
, which deploys economists from the University of Cambridge
, mottoeng = Literal: From here, light and sacred draughts.
Non literal: From this place, we gain enlightenment and precious knowledge.
, established =
, other_name = The Chancellor, Masters and Schola ...
, the London School of Economics, the University College London
, mottoeng = Let all come who by merit deserve the most reward
, established =
, type = Public research university
, endowment = £143 million (2020)
, budget = ...
, the Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...
, and the National Institute of Economic and Social Research
The National Institute of Economic and Social Research (NIESR), established in 1938, is Britain's oldest independent economic research institute. The institute is a London-based independent UK registered charity that carries out academic researc ...
.
He has held a lectureship at the University of Southampton
, mottoeng = The Heights Yield to Endeavour
, type = Public research university
, established = 1862 – Hartley Institution1902 – Hartley University College1913 – Southampton University Coll ...
(1974–76), and visiting professorships at Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
(1979–80) and the University of California, Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...
(1990–91).
He served as the chairman of the National Economy Council of the Republic of Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geo ...
during the country's financial crisis in 2012, and resigned to focus on his academic work at the end of 2014.
In 2018, in collaboration with Naomi Climer
Naomi Wendy Climer, (born 18 December 1964) is a British engineer who has worked in broadcast, media and communications technology chiefly at the BBC and Sony Professional Solutions, and was the first female President of the Institution of Eng ...
and Anna Thomas, he set up the Institute for the Future of Work, a London-based research and development institute exploring how new technologies are transforming work and working lives.
In February 2020, Greek prime minister Kyriakos Mitsotakis
Kyriakos Mitsotakis ( el, Κυριάκος Μητσοτάκης, ; born 4 March 1968) is a Greek politician serving as the prime minister of Greece since 8 July 2019. A member of the New Democracy (Greece), New Democracy, he has been its presi ...
picked Pissarides to chair a committee tasked with drafting a long-term growth strategy for the country. From September 2020 he is chairman of the economic council of EuroAfrica Interconnector
EuroAfrica Interconnector is a HVDC interconnector and submarine power cable between the Greek, Cypriot, and Egypt power grids.[search and matching theory
In economics, search and matching theory, is a mathematical framework attempting to describe the formation of mutually beneficial relationships over time. It is closely related to stable matching theory.
Search and matching theory has been es ...](_blank)
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
In economics, structural change is a shift or change in the basic ways a market or economy functions or operates.
Such change can be caused by such factors as economic development, global shifts in capital and labor, changes in resource availabil ...
and growth.
One of his most well-known papers is "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen
Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist and winner of the Nobel Memorial Prize in Economic Sciences.
Early life and education
Mortensen was born in Enterprise, Oregon. He received his BA in econom ...
), published in the ''Review of Economic Studies
''The Review of Economic Studies'' (also known as ''REStud'') is a quarterly peer-reviewed academic journal covering economics. It was established in 1933 by a group of economists based in Britain and the United States. The original editorial team ...
'' in 1994. The paper was built on the previous individual contributions that both authors had made over the previous two decades.
The Mortensen–Pissarides model that resulted from the paper has been exceptionally influential in modern macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole.
For example, using interest rates, taxes, and ...
. In one or another of its extensions or variations, it is now part of the core of most graduate economics curricula throughout the world.
Pissarides's book ''Equilibrium Unemployment Theory'', a standard reference in the literature of the macroeconomics of unemployment, is now in its second edition and was revised after his joint work with Mortensen resulted in the analysis of both endogenous job creation
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the referen ...
and destruction.
Awards and honours
* Fellow of the Econometric Society
The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
, 1997[
* ]Fellow of the British Academy
Fellowship of the British Academy (FBA) is an award granted by the British Academy to leading academics for their distinction in the humanities and social sciences. The categories are:
# Fellows – scholars resident in the United Kingdom
# C ...
, 2002[
* Fellow of the ]European Economic Association
The European Economic Association (EEA) is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna and its first president was Jacques Drèze. The current pres ...
, 2005
* IZA Prize in Labor Economics
The Institute for the Study of Labor awards a prize each year (from 2016 on every two years in turn with the IZA Young Labor Economist Award) for outstanding academic achievement in the field of labor economics. The IZA Prize in Labor Economics ha ...
, jointly with Dale Mortensen
Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist and winner of the Nobel Memorial Prize in Economic Sciences.
Early life and education
Mortensen was born in Enterprise, Oregon. He received his BA in econom ...
, 2005
* Foreign Honorary Member of the American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members.
History and Constitution
The AEA was esta ...
, 2011
* Vice-president of the European Economic Association
The European Economic Association (EEA) is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna and its first president was Jacques Drèze. The current pres ...
, President in 2011
* Nobel Prize in Economics
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
in 2010, jointly with Dale Mortensen, Peter A. Diamond
Peter Arthur Diamond (born , 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memoria ...
, for "analysis of markets with search frictions"
* The College Historical Society
The College Historical Society (CHS) – popularly referred to as The Hist – is a debating society at Trinity College Dublin. It was established within the college in 1770 and was inspired by the club formed by the philosopher Edmund Bu ...
of Trinity College Dublin
, name_Latin = Collegium Sanctae et Individuae Trinitatis Reginae Elizabethae juxta Dublin
, motto = ''Perpetuis futuris temporibus duraturam'' (Latin)
, motto_lang = la
, motto_English = It will last i ...
awarded Pissarides its ''Gold Medal for Outstanding Contribution to Public Discourse'' in 2012
* In 2013, Knighted
A knight is a person granted an honorary title of knighthood by a head of state (including the Pope) or representative for service to the monarch, the Christian denomination, church or the country, especially in a military capacity. Knighthood ...
in the 2013 Birthday Honours
The 2013 Birthday Honours were appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded as part of ...
for "services to economics."
* Member
Member may refer to:
* Military jury, referred to as "Members" in military jargon
* Element (mathematics), an object that belongs to a mathematical set
* In object-oriented programming, a member of a class
** Field (computer science), entries in ...
of the Academy of Athens, 2015
Selected works
*
*
*
*
*
Description
and chapter-previe
links.
*
References
External links
Christopher A Pissarides
personal page at London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 millio ...
Christopher Pissarides
personal website
* including the Nobel lecture on 8 December 2010 ''Equilibrium in the Labour Market with Search Frictions''
an
at Research Papers in Economics
Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, ...
/RePEc
Christopher Pissarides
commemorative postage stamp
A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail), who then affix the stamp to the fa ...
issued from the Cyprus Post Office, 8 June 2011
{{DEFAULTSORT:Pissarides, Christopher A.
1948 births
Living people
Cypriot Nobel laureates
Cypriot economists
Labor economists
Members of the Academy of Athens (modern)
Fellows of the Econometric Society
Fellows of the British Academy
Knights Bachelor
Nobel laureates in Economics
20th-century British economists
21st-century British economists
Alumni of the London School of Economics
Alumni of the University of Essex
Academics of the London School of Economics
Academics of the University of Southampton
Hong Kong University of Science and Technology faculty
Eastern Orthodox Christians from Cyprus
People educated at Pancyprian Gymnasium
People from Nicosia
People from Limassol District
University of Cyprus faculty
Naturalised citizens of the United Kingdom