Building a bridge to the future – Sir Christopher Pissarides and Eric Wiebes (Article)

Building a bridge to the future – Sir Christopher Pissarides and Eric Wiebes (Article)

In memory of Jan Tinbergen, KVS published a conversation between Sir Christopher Pissarides and Eric Wiebes moderated and edited by Eric Bartelsman and Jasper Lukkezen.

A matching problem with extreme friction.” That is how Sir Christopher Pissarides describes the process of getting the participants for this conversation together at the same date and time. The quip refers to his research on labour market frictions for which he received the 2010 Nobel prize jointly with Peter Diamond and James Mortensen. In this research they explain why some markets fail to clear instantaneously. Their explanation underlines the importance of labour market institutions in determining unemployment and wage inequality.

His counterpart in this conversation is the Dutch minister of Economic Affairs and Climate, Eric Wiebes. Trained as an engineer, Wiebes is faced with the challenge to both stimulate economic growth and induce an energy transition. He sees strategic investment in climate adaptation as the way to combine the two and finds a willing ear in professor Pissarides, who has recently done research on the long run implications of innovation and technology.

The full conversation can be read here. More conversations between policy makers and academics on the memory of Tinbergen will follow in due course, as part of the KVS preadviezen bundle.