Christopher Antoniou Pissarides (Greek: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948) is a British Cypriot economist. He currently holds the Norman Sosnow Chair in Economics at the London School of Economics. His research interests focus on several topics of macroeconomics, notably labor, 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 (he speaks fluent Greek). 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 currently 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).
Pissarides is mostly known for his contributions to the search and matching theory for studying the interactions between the labor 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.
More recently Pissarides has 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 honors
* Fellow of the Econometric Society, 1997
* 1979. "Job Matchings with State Employment Agencies and Random Search", Economic Journal 89(356), pp. 818–33.
1. ^ a b Prof Christopher Pissarides at debretts.com
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