Christopher Pissarides, Nobel Prize Winner, Commemorative Issue
Christopher Pissarides was born in 1948 in Lefkosia. After graduating from the Pancyprian Gymnasium, he continued his studies at the University of Essex and subsequently obtained his PhD from the London School of Economics.
In 2010 he became the first Cypriot to be awarded a Nobel Prize. Together with his colleagues Dale T. Mortensen and Peter Diamond they shared the prize in economic sciences “for their analysis of markets with search frictions”. Peter Diamond had analysed the foundation of search markets whilst Pissarides and Mortensen had expanded and applied the theory to the labour market. Their work allows us to understand and analyse how unemployment, job vacancies, job creations and wages are affected by economic policies and regulations. Pissarides’ book “Equilibrium Unemployment Theory” is the acknowledged standard reference book on the subject.
Christopher Pissarides is currently President of the National Economic Council reporting directly to the President of the Republic of Cyprus and a professor of economics at the LSE. (London School of Economics)
Source:Cyprus Post, Republic of Cyprus
Κυπριακά Ταχυδρομεία, Κυπριακή Δημοκρατία