Contact details
About
Overview
Joe Pearlman (MA MSc PhD) is a Professor of Economics at City University London. He obtained his PhD in Control Systems from Imperial College, and subsequently obtained an MSc in economics from LSE. He has spent short periods as a research associate at both the European Central Bank and the International Monetary Fund.
His interests are in macroeconomic and macroprudential policy, endogenous growth, imperfect information and its implications for VAR.
Research
Professor Pearlman's research relates mainly to monetary policy and expectational learning. Currently his research is extending to cover macroprudential policy. In the past, he has researched into trade, growth and migration.
Publications
Publications by category
Book
- Chadha, J., Crystal, A., Pearlman, J., Smith, P. and Wright, S. (Eds.), (2016). The UK Economy in the Long Expansion and its Aftermath. Cambridge University Press. ISBN 9781107147591.
Chapters (3)
- Cantore, C., Gabriel, V.J., Levine, P., Pearlman, J. and Yang, B. (2013). The science and art of DSGE modelling: II - model comparisons, model validation, policy analysis and general discussion. HANDBOOK OF RESEARCH METHODS AND APPLICATIONS IN EMPIRICAL MACROECONOMICS (pp. 441-463).
- Cantore, C., Gabriel, V.J., Levine, P., Pearlman, J. and Yang, B. (2013). The science and art of DSGE modelling: I - construction and Bayesian estimation. HANDBOOK OF RESEARCH METHODS AND APPLICATIONS IN EMPIRICAL MACROECONOMICS (pp. 411-440).
- Gabriel, V., Levine, P., Pearlman, J. and Yang, B. (2012). An Estimated DSGE Model of the Indian Economy. The Oxford Handbook of the Indian Economy (pp. 835-890). Oxford University Press. ISBN 0199734585.
Conference papers and proceedings (3)
- Chadha, J.S., Chrystal, A., Pearlman, J., Smith, P. and Wright, S. Introduction. .doi:10.1017/cbo9781316556191.002
- Currie, D. Phases of imitation and innovation in a North-South endogenous growth model. .doi:10.1093/oep/51.1.60
- Currie, D., Levine, P. and Pearlman, J. The Choice of `Conservative' Bankers in Open Economies: Monetary Regime Options for Europe. .doi:10.2307/2235251
Journal articles (36)
- Levine, P., Pearlman, J., Volpicella, A. and Yang, B. (2025). Validating DSGE Models Through SVARs Under Imperfect Information. Oxford Bulletin of Economics and Statistics, 87(6), pp. 1081-1105. doi:10.1111/obes.12683
- Deák, S., Levine, P., Mirza, A. and Pearlman, J. (2025). All models are wrong but all can be useful: Robust policy design using prediction pools. Journal of Economic Dynamics and Control, 176, pp. 105096-105096. doi:10.1016/j.jedc.2025.105096
- Levine, P., Pearlman, J., Yang, B. and Pham, S. (2025). Recent Developments in DSGE Modelling: Beyond FIRE. South Asian Journal of Macroeconomics and Public Finance, 14(1), pp. 11-43. doi:10.1177/22779787251343477
- Deák, S., Levine, P., Pearlman, J. and Yang, B. (2023). Reinforcement Learning in a New Keynesian Model. Algorithms, 16(6). doi:10.3390/a16060280
- Ben-Gad, M., Pearlman, J. and Sabuga, I. (2022). An analysis of monetary and macroprudential policies in a DSGE model with reserve requirements and mortgage lending. Economic Modelling, 116, pp. 105966-105966. doi:10.1016/j.econmod.2022.105966
- Ben Lalouna, S. and Pearlman, J. (2018). The magnitude of the macroeconomic impact of oil price: the case of BRICS. International Journal of Monetary Economics and Finance, 11(5), pp. 436-479. doi:10.1504/ijmef.2018.10016801
- Lalouna, S.B. and Pearlman, J. (2018). The magnitude of the macroeconomic impact of oil price: the case of BRICS. International Journal of Monetary Economics and Finance, 11(5), pp. 436-436. doi:10.1504/ijmef.2018.095802
- Cantore, C., Levine, P., Melina, G. and Pearlman, J. (2017). Optimal fiscal and monetary policy, debt crisis, and management. Macroeconomic Dynamics pp. 1-39. doi:10.1017/S1365100517000207
- Cantore, C., Levine, P., Pearlman, J. and Yang, B. (2015). CES technology and business cycle fluctuations. Journal of Economic Dynamics and Control, 61, pp. 133-151. doi:10.1016/j.jedc.2015.09.006
- Basu, P., Gillman, M. and Pearlman, J. (2012). Inflation, human capital and Tobin's q. Journal of Economic Dynamics and Control, 36(7), pp. 1057-1074. doi:10.1016/j.jedc.2012.02.004
- Levine, P., McAdam, P. and Pearlman, J. (2012). Probability models and robust policy rules. European Economic Review, 56(2), pp. 246-262. doi:10.1016/j.euroecorev.2011.08.005
- Levine, P., Pearlman, J., Perendia, G. and Yang, B. (2012). Endogenous Persistence in an estimated DSGE Model Under Imperfect Information. Economic Journal
- Tsoukis, C., Kapetanios, G. and Pearlman, J. (2011). Elusive persistence: Wage and price rigidities, the New Keynesian Phillips curve and inflation dynamics. Journal of Economic Surveys, 25(4), pp. 737-768. doi:10.1111/j.1467-6419.2009.00622.x
- Ellison, M. and Pearlman, J. (2011). Saddlepath learning. J. Economic Theory, 146, pp. 1500-1519
- Levine, P., Lotti, E., Pearlman, J. and Pierse, R. (2010). Growth and welfare effects of world migration. Scottish Journal of Political Economy, 57(5), pp. 615-643. doi:10.1111/j.1467-9485.2010.00533.x
- Levine, P. and Pearlman, J. (2010). Robust monetary rules under unstructured model uncertainty. Journal of Economic Dynamics and Control, 34(3), pp. 456-471. doi:10.1016/j.jedc.2009.10.003
- Levine, P., Pearlman, J. and Pierse, R. (2008). Linear-quadratic approximation, external habit and targeting rules. Journal of Economic Dynamics and Control, 32(10), pp. 3315-3349. doi:10.1016/j.jedc.2008.02.001
- Levine, P., McAdam, P. and Pearlman, J. (2008). Quantifying and sustaining welfare gains from monetary commitment. Journal of Monetary Economics, 55(7), pp. 1253-1276. doi:10.1016/j.jmoneco.2008.08.009
- Levine, P., Pearlman, J. and Yang, B. (2008). The credibility problem revisited: Thirty years on from Kydland and Prescott. Review of International Economics, 16(4), pp. 728-746. doi:10.1111/j.1467-9396.2008.00772.x
- Drinkwater, S., Levine, P., Lotti, E. and Pearlman, J. (2007). The immigration surplus revisited in a general equilibrium model with endogenous growth*. Journal of Regional Science, 47(3), pp. 569-601. doi:10.1111/j.1467-9787.2007.00521.x
- Batini, N., Justiniano, A., Levine, P. and Pearlman, J. (2006). Robust inflation-forecast-based rules to shield against indeterminacy. Journal of Economic Dynamics and Control, 30(9-10), pp. 1491-1526. doi:10.1016/j.jedc.2005.08.010
- Pearlman, J.G. and Sargent, T.J. (2005). Knowing the forecasts of others. Review of Economic Dynamics, 8(2 SPEC. ISS.), pp. 480-497. doi:10.1016/j.red.2004.10.011
- Pearlman, J.G. (2003). Twin Peaks—A Reassessment. The Manchester School, 71(1), pp. 78-88. doi:10.1111/1467-9957.00336
- Chui, M., Levine, P., Mansoob Murshed, S. and Pearlman, J. (2002). North–South Models of Growth and Trade. Journal of Economic Surveys, 16(2), pp. 123-165. doi:10.1111/1467-6419.00162
- Levine, P. and Pearlman, J. (2002). Delegation and Fiscal Policy in the Open Economy: More Bad News for Rogoff's Delegation Game. Open Economies Review, 13(2), pp. 153-174. doi:10.1023/a:1013973214733
- Chui, M., Levine, P. and Pearlman, J. (2001). Winners and losers in a North–South model of growth, innovation and product cycles. Journal of Development Economics, 65(2), pp. 333-365. doi:10.1016/s0304-3878(01)00140-7
- Levine, P. and Pearlmann, J. (2001). Monetary Union: The Ins and Outs of Strategic Delegation. The Manchester School, 69(3), pp. 285-309. doi:10.1111/1467-9957.00249
- Chui, M., Levine, P., Murshed, M. and Pearlman, J. (1998). Globalisation: A New Growth, New Trade Perspective. Economic Outlook, 22(2), pp. 16-25. doi:10.1111/1468-0319.00111
- Sentance, A. and Levine, P. (1996). Innovation, imitation and growth in a changing world economy. Economic Outlook, 20(3), pp. 14-21. doi:10.1111/j.1468-0319.1996.tb00075.x
- Krichel, T., Levine, P. and Pearlman, J. (1996). Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt? Weltwirtschaftliches Archiv, 132(1), pp. 28-54. doi:10.1007/bf02707901
- LEVINE, P.L. and PEARLMAN, J.G. (1994). CREDIBILITY, AMBIGUITY AND ASYMMETRIC INFORMATION WITH WAGE STICKINESS*. The Manchester School, 62(1), pp. 21-39. doi:10.1111/j.1467-9957.1994.tb00644.x
- Currie, D., Levine, P. and Pearlman, J. (1992). European monetary union or hard EMS? European Economic Review, 36(6), pp. 1185-1204. doi:10.1016/0014-2921(92)90026-s
- Pearlman, J.G. (1992). Reputational and nonreputational policies under partial information. Journal of Economic Dynamics and Control, 16(2), pp. 339-357. doi:10.1016/0165-1889(92)90037-f
- Currie, D., Levine, P. and Pearlman, J. (1991). Partial information and volatility in a two-bloc world. Economics of Planning, 24(1), pp. 13-26. doi:10.1007/bf00361112
- Pearlman, J. (1986). Diverse information and rational expectations models. Journal of Economic Dynamics and Control, 10(1-2), pp. 333-338. doi:10.1016/0165-1889(86)90060-6
- Pearlman, J., Currie, D. and Levine, P. (1986). Rational expectations models with partial information. Economic Modelling, 3(2), pp. 90-105. doi:10.1016/0264-9993(86)90001-5
Working papers (9)
- Aligishiev, Z. (2025). Evaluating Historical Episodes using Shock Decompositions in the DSGE Model. International Monetary Fund (IMF).
- Ben-Gad, M., Pearlman, J. and Sabuga, I. (2021). An Analysis of Monetary and Macroprudential Policies in a DSGE Model with Reserve Requirements and Mortgage Lending. London, UK: Department of Economics, City, University of London
- Aligishiev, Z., Ben-Gad, M. and Pearlman, J. (2020). Evaluating Historical Episodes using Shock Decompositions in the DSGE Model. London, UK: Department of Economics, City University of London
- El Said, A., Emara, N. and Pearlman, J. (2020). On the Impact of Financial Inclusion on Financial Stability and Inequality: The Role of Macroprudential Policies. London, UK: Department of Economics, City, University of London
- Levine, P., Pearlman, J., Wright, S. and Yang, B. (2019). Information, VARs and DSGE Models. Surrey, UK: Department of Economics, University of Surrey
- Aligishiev, Z., Ben-Gad, M., Mountford, A. and Pearlman, J. (2019). Turning It Up To Eleven: Re-Evaluating the Role of Financial Frictions in the 2007–2008 Economic Crisis. London, UK: City, University of London
- Deak, S., Levine, P., Mirza, A. and Pearlman, J. (2019). Designing Robust Monetary Policy Using Prediction Pools. London, UK: Department of Economics, City, University of London
- Pearlman, J., Levine, P., Yang, B. and Deak, S. (2017). Internal rationality, learning and imperfect information. Surrey, UK: University of Surrey
- Levine, P., Pearlman, J. and Yang, B. (2013). Imperfection Information, Optimal Monetary Policy and Informational Consistency. London, UK: Department of Economics, City University London
Other (2)
- Pearlman, J. A Stylized model of European Monetary Union for Analysing coordination games for Monetary and Macroprudential Policy.
- Cantore, C.M., Levine, P., Melina, G. and Pearlman, J.(2013). Optimal Fiscal and Monetary Rules in Normal and Abnormal Times.