Post by rex362 on Oct 20, 2010 15:09:07 GMT -5
Christopher Pissarides jointly awarded economics Nobel
Nicosia, 12.10.2010
A Cypriot economist has been named as one of three laureates sharing the 2010 economics Nobel for work helping to explain unemployment and the jobs market.
The Royal Swedish Academy of Sciences said yesterday the 10 million Swedish crown (around €1 million) prize recognized Christopher Pissarides and US professors Peter Diamond and Dale Mortensen for their work analyzing the process of buying and selling, and how job vacancies and wages are affected by regulation and policy.
Pissarides, 62, a professor at the London School of Economics, told a news conference he felt “a mixture of surprise and happiness” about the award. He said he heard the news an hour before the announcement. “It felt so great that you didn’t believe it will ever happen until after you had been told it will happen. It is a great honor for me. It is such a big honor for me personally, for my family, for Cyprus, for my university,” he said.
Born in Cyprus in 1948, Pissarides gained a BA in Economics in 1970 and MA in Economics in 1971 at the University of Essex. He subsequently enrolled at the London School of Economics (LSE), where he received his PhD in Economics in 1973. He is currently professor of economics at the LSE and holder of the Norman Sosnow Chair in Economics.
He has written extensively in professional journals and his book “Equilibrium Unemployment Theory” is a standard reference in the economics of unemployment.
He is also a research fellow at the Centre for Economic Policy Research in London and the Institute for the Study of Labour in Bonn, as well as being a member of the Monetary Policy Committee of the Central Bank of Cyprus from November 2000 until Cyprus joined the eurozone on January 1, 2008.
Pissarides was showered with praise in Cyprus yesterday once news of his Nobel accolade tricked through.
In a statement, President Demetris Christofias said Pissarides’ success constituted “the highest honour for Cyprus and its people.”
Similar congratulatory remarks came from the Central Bank and from political parties.
Pissarides’ immediate family said they were extremely proud of his achievement.
His elderly mother Evdokia Pissarides said the news came as a sudden, pleasant surprise. But they always knew her son would make his mark, she added.
“From a young age, he had an inclination for maths and economics. His teachers used to say he was top of his maths class. He worked for a long time. He had a passion for economics since he was a child.”
Apparently, it runs in the family. Mrs Pissarides revealed that five of her six grandchildren have studied economics. “I myself was also good at maths as a child,” she added,
Pissarides’ sister, Anna Constantinides told CyBC: “He wanted it a lot but did not speak about it. He is low-key my brother. “
The Central Bank also issued a statement extending “its warm congratulations”. “The award of this distinguished prize to Professor Pissarides represents an honour for his home country, Cyprus, as well as for the Central Bank of Cyprus,” it said.
Pissarides is planning to travel to Cyprus in January to do a stint at the University of Cyprus. He said despite the award, he expected his life to continue as normal.
Asked by television reporters about the Cyprus economy, Pissarides said: “The Cyprus economy is doing well compared to what is happening in the world today because the global crisis is very big. Look at Greece, Spain and Ireland.
He said the main thing was for the state budget to be contained. He did not think there was a problem with unemployment in Cyprus. “In Cyprus there is more a lack of personnel than a lack of positions, that is why we have so many migrants,” he said.
Pissarides said he wanted to study the unemployment problem to contribute something to society and work in an area that was a real difficulty, and where economists could help.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It is not part of the original group of awards set out in dynamite tycoon Nobel’s 1895 will.
Source: Cyprus Mail
en.sae.gr/?id=20699&tag=Christoph....economics+Nobel
en.wikipedia.org/wiki/Christopher_A._Pissarides
Nicosia, 12.10.2010
A Cypriot economist has been named as one of three laureates sharing the 2010 economics Nobel for work helping to explain unemployment and the jobs market.
The Royal Swedish Academy of Sciences said yesterday the 10 million Swedish crown (around €1 million) prize recognized Christopher Pissarides and US professors Peter Diamond and Dale Mortensen for their work analyzing the process of buying and selling, and how job vacancies and wages are affected by regulation and policy.
Pissarides, 62, a professor at the London School of Economics, told a news conference he felt “a mixture of surprise and happiness” about the award. He said he heard the news an hour before the announcement. “It felt so great that you didn’t believe it will ever happen until after you had been told it will happen. It is a great honor for me. It is such a big honor for me personally, for my family, for Cyprus, for my university,” he said.
Born in Cyprus in 1948, Pissarides gained a BA in Economics in 1970 and MA in Economics in 1971 at the University of Essex. He subsequently enrolled at the London School of Economics (LSE), where he received his PhD in Economics in 1973. He is currently professor of economics at the LSE and holder of the Norman Sosnow Chair in Economics.
He has written extensively in professional journals and his book “Equilibrium Unemployment Theory” is a standard reference in the economics of unemployment.
He is also a research fellow at the Centre for Economic Policy Research in London and the Institute for the Study of Labour in Bonn, as well as being a member of the Monetary Policy Committee of the Central Bank of Cyprus from November 2000 until Cyprus joined the eurozone on January 1, 2008.
Pissarides was showered with praise in Cyprus yesterday once news of his Nobel accolade tricked through.
In a statement, President Demetris Christofias said Pissarides’ success constituted “the highest honour for Cyprus and its people.”
Similar congratulatory remarks came from the Central Bank and from political parties.
Pissarides’ immediate family said they were extremely proud of his achievement.
His elderly mother Evdokia Pissarides said the news came as a sudden, pleasant surprise. But they always knew her son would make his mark, she added.
“From a young age, he had an inclination for maths and economics. His teachers used to say he was top of his maths class. He worked for a long time. He had a passion for economics since he was a child.”
Apparently, it runs in the family. Mrs Pissarides revealed that five of her six grandchildren have studied economics. “I myself was also good at maths as a child,” she added,
Pissarides’ sister, Anna Constantinides told CyBC: “He wanted it a lot but did not speak about it. He is low-key my brother. “
The Central Bank also issued a statement extending “its warm congratulations”. “The award of this distinguished prize to Professor Pissarides represents an honour for his home country, Cyprus, as well as for the Central Bank of Cyprus,” it said.
Pissarides is planning to travel to Cyprus in January to do a stint at the University of Cyprus. He said despite the award, he expected his life to continue as normal.
Asked by television reporters about the Cyprus economy, Pissarides said: “The Cyprus economy is doing well compared to what is happening in the world today because the global crisis is very big. Look at Greece, Spain and Ireland.
He said the main thing was for the state budget to be contained. He did not think there was a problem with unemployment in Cyprus. “In Cyprus there is more a lack of personnel than a lack of positions, that is why we have so many migrants,” he said.
Pissarides said he wanted to study the unemployment problem to contribute something to society and work in an area that was a real difficulty, and where economists could help.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It is not part of the original group of awards set out in dynamite tycoon Nobel’s 1895 will.
Source: Cyprus Mail
en.sae.gr/?id=20699&tag=Christoph....economics+Nobel
en.wikipedia.org/wiki/Christopher_A._Pissarides