Christopher Pissarides

NOBEL PRIZE IN ECONOMICS.

THE GREATEST WORLD EXPERT IN UNEMPLOYMENT ECONOMY.

Christopher A. Pissarides speaker, nobel prize in economics, keynote
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Christopher A. Pissarides was jointly awarded the Nobel Prize in Economics in 2010. Sir Christopher Pissarides is the Regius Professor of Economics at the London School of Economics, a Professor of European Studies at the University of Cyprus and Chairman of the Council of National Economy of the Republic of Cyprus, and the Helmut & Anna Pao Sohmen Professor-at-Large of the Hong Kong University of Science and Technology.

He specialises in the economics of labour markets, macroeconomic policy, economic growth and structural change. Christopher Pissarides was awarded the 2010 Nobel Prize in Economics, jointly with Dale Mortensen of Northwestern University and Peter Diamond of MIT, for his work in the economics of markets with frictions. Prior to that, in 2005, he became the first European economist to win the IZA Prize in Labor Economics, sharing it again with his collaborator Dale Mortensen.

He has written extensively in professional journals, magazines and the press and his book Equilibrium Unemployment Theory is an influential reference in the economics of unemployment that has been translated in many languages. He is frequently quoted in the press on issues concerning the Eurozone and the future of European integration.

Christopher Pissarides is an elected Fellow of the British Academy, the Academy of Athens, the Academia Europaea and several other learned societies, and he is a Lifetime Honorary Member of the American Economic Association. In 2011 he served as the President of the European Economic Association. Also, he received the Grand Cross of the Republic of Cyprus, the highest honour of the Republic.

He was educated at the University of Essex and the London School of Economics (LSE), and he spent the bulk of his career at the LSE. He had long visits in the US Universities of Harvard, Princeton and California at Berkeley.

The Future of Europe’s Economy.

Equilibrium in the Labour market with Search Frictions.

Structural Change.

Economic Growth Indicators.

The Economics of Unemployment.

Comparative Economic Performance.

Wage Inequality.

Equilibrium Unemployment Theory.

This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market.

This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.

Equilibrium Unemployment Theory.

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