Published on: 2014-09-27
Watch the talk here.
Impact of European Financial Crisis
Europe is coming out of recession but very slowly. The southern countries are still deep in crisis, especially with respect to unemployment and job creation, and progress towards banking union in the Eurozone is stalling. What are the prospects of a full recovery in Europe and what kind of Europe will there be after the crisis? Sir Christopher Pissarides, the IAS Helmut & Anna Pao Sohmen Professor-at-Large of the Hong Kong University of Science and Technology, will discuss the impact of the crisis on Europe and its trading partners.
About the speaker
Sir Christopher Pissarides is the IAS Helmut & Anna Pao Sohmen Professor-at-Large of the Hong Kong University of Science and Technology, the Regius Professor of Economics at the London School of Economics (LSE), the Professor of European Studies at the University of Cyprus and the Chairman of the Council of National Economy of the Republic of Cyprus. He was educated at the University of Essex and LSE, and he spent the bulk of his career there. He had long visits in the US Universities of Harvard, Princeton and California at Berkeley.
Professor Pissarides specializes in the economics of labor markets, macroeconomic policy, economic growth and structural change. He was awarded the 2010 Nobel Prize in Economic Sciences, jointly with Dale Mortensen of Northwestern University and Peter Diamond of MIT, for his work in the economics of labor markets, especially his work on markets with frictions and unemployment. 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 into many languages. He is frequently quoted in the press on issues concerning the Eurozone and the future of European integration.
He 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. He has been honored by several universities worldwide with doctorates or professorships. In 2011 he received the Grand Cross of the Republic of Cyprus, the highest honor of the Republic. He was knighted by Queen Elizabeth II in 2013.
In 2011 he served as the President of the European Economic Association. Between 2000 and 2007 he was the external member of the Monetary Policy Committee of the Central Bank of Cyprus, which brought the Euro to Cyprus. He has also been consultant on matters concerning the Euro to the British Treasury and the Swedish Commission on the euro. He has also been consultant at the European Commission, World Bank and OECD on matters related to employment and macroeconomic policy.
School of Business and Management
Leadership and Public Policy Executive Education Programs Office
HKUST Institute for Emerging Market Studies