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Christopher A. Pissarides
From Wikipedia, the free encyclopedia
| Born | Nicosia, Cyprus |
|---|---|
| Residence |  UK |
| Nationality |  Cyprus UK |
| Field | Economics |
| Institution |  London School of Economics |
| Alma mater | London School of Economics |
| Academic advisor | Michio Morishima |
| Known for | Macroeconomic Search and Matching Theories of Unemployment Matching Function Structural Growth |
| Notable prizes | IZA Prize in Labor Economics |
Christopher Pissarides is a Cypriot-born British 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, growth, and economic policy.
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Pissarides received his B.A. in Economics in 1970 and his M.A. in Economics in 1971 at the University of Essex. He subsequently enrolled 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 constributions to the explanaition of the interactions between the labor market and the macroeconomy. He helped develop the concept of matching function (explaining the flows in and out of unemployment in a given moment of time) and pioneered the empirical work on their estimation.
More recently Pissarides has done research about 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 past two decades.
The Mortensen-Pissarides model that resulted from this paper has been exceptionally influential in modern macroeconomics, and that in one of other of its extensions or variations, today 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 on the second edition, and was revised after Pissarides joint work with Mortensen, resulting in the analysis of both endogenous job creation and destruction.
IZA Prize in Labor Economics (with Dale Mortensen), 2005.
Fellow of the British Academy.
Fellow of the Econometric Society.
“Job Matchings with State Employment Agencies and Random Search”, Economic Journal 89 (1979) 818-33
“Short-Run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages.” American Economic Review, (1985) 75(4): 676–90.
“Unemployment and Vacancies in Britain.” Economic Policy, (1986) 3(3): 499–559.
“Job Creation and Job Destruction in the Theory of Unemployment” (with Dale Mortensen), Review of Economic Studies 61 (July 1994) 397-415
"Equilibrium Unemployment Theory", second edition, Cambridge, MA: MIT Press, 2000
“Structural Change in a Multi-Sector Model of Growth" (with L. Rachel Ngai), American Economic Review, forthcoming