Sir Christopher Antoniou Pissarides (; el, Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948Prof Christopher Pissarides
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 who has, or originally had, royal patronage or appointment. They are a unique feature of academia in the United Kingdom and Ireland. The first Regius Professorship was in the field of medicine, and ...

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 milli ...

, and Professor of European Studies at the University of Cyprus. 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, 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 ec ...

. 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, "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 Mesaori ...

, Cyprus, into a

Greek Orthodox The term Greek Orthodox Church ( Greek: Ἑλληνορθόδοξη Ἐκκλησία, ''Ellinorthódoxi Ekklisía'', ) has two meanings. The broader meaning designates "the entire body of Orthodox (Chalcedonian) Christianity, sometimes also cal ...

family from the village of Agros. Pissarides was educated at the Pancyprian Gymnasium in Nicosia. He earned bachelor's and master's degrees in economics from the

University of Essex The University of Essex is a public research university in Essex, England. Established by royal charter in 1965, Essex is one of the original plate glass universities. Essex's shield consists of the ancient arms attributed to the Kingdom of Es ...

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 milli ...

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

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 milli ...

, 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 o ...

, 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 highe ...

(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 un ...

(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 ge ...

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 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, he has been its president since 2016. He pre ...

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 e ...

for studying the interactions between the labour market and the macro economy. He helped develop the concept of the

matching function 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 e ...

(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. One of his most well-known papers is "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), published in the '' Review of Economic Studies'' 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

. 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 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 # ...

, 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 has ...

, jointly with Dale Mortensen, 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

, President in 2011 *

in 2010, jointly with Dale Mortensen,

, 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 ...

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 church or the country, especially in a military capacity. Knighthood finds origins in the G ...

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

Nobel Prize 2010-Press Conference KVA-DSC 8011

* * * * *
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 milli ...

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 f ...

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