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Professor Joseph Pearlman

Professor of Macroeconomics

School of Arts and Social Sciences, Department of Economics

Contact Information


Visit Joseph Pearlman

D314, Rhind Building

Postal Address

City, University of London
Northampton Square
United Kingdom



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.


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.



  1. Pearlman, J., Smith, P. and Wright, S. (2016). The UK economy in the long expansion and its aftermath. ISBN 978-1-316-55619-1.


  1. (2012). An Estimated DSGE Model of the Indian Economy. In The Oxford Handbook of the Indian Economy ISBN 978-0-19-994084-4.

Conference papers and proceedings (3)

  1. (2016). Introduction.
  2. Currie, D., Levine, P., Pearlman, J. and Chui, M. (1999). Phases of imitation and innovation in a North-South endogenous growth model. Symposium on Trade, Technology, and Growth Sep 1996, SUSSEX, ENGLAND.
  3. Currie, D., Levine, P. and Pearlman, J. (1996). The choice of 'conservative' bankers in open economies: Monetary regime options for Europe. Annual Conference of the Royal-Economic-Society 1995, UNIV KENT, CANTERBURY, ENGLAND.

Journal articles (24)

  1. 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.
  2. (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.
  3. (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.
  4. (2012). Probability models and robust policy rules. European Economic Review, 56(2), pp. 246–262. doi:10.1016/j.euroecorev.2011.08.005.
  5. Levine, P., Pearlman, J., Perendia, G. and Yang, B. (2012). Endogenous Persistence in an estimated DSGE Model Under Imperfect Information. Economic Journal.
  6. (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.
  7. Ellison, M. and Pearlman, J. (2011). Saddlepath learning. J. Economic Theory, 146, pp. 1500–1519.
  8. (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.
  9. (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.
  10. (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.
  11. (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.
  12. (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.
  13. (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.
  14. (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.
  15. (2005). Knowing the forecasts of others. Review of Economic Dynamics, 8(2 SPEC. ISS.), pp. 480–497. doi:10.1016/
  16. Pearlman, J.G. (2003). Twin peaks - A reassessment. MANCHESTER SCHOOL, 71(1), pp. 78–88. doi:10.1111/1467-9957.00336.
  17. 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.
  18. Chui, M., Levine, P., Murshed, S.M. 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.
  19. 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.
  20. Levine, P. and Pearlman, J. (2001). Monetary union: The ins and outs of strategic delegation. MANCHESTER SCHOOL, 69(3), pp. 285–309. doi:10.1111/1467-9957.00249.
  21. Krichel, T., Levine, P. and Pearlman, J. (1996). Fiscal and monetary policy in a monetary union: Credible inflation targets or monetized debt? WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS, 132(1), pp. 28–54. doi:10.1007/BF02707901.
  22. 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.
  23. PEARLMAN, J. (1986). DIVERSE INFORMATION AND RATIONAL-EXPECTATIONS MODELS. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 10(1-2), pp. 333–338. doi:10.1016/0165-1889(86)90060-6.
  24. 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 (2)

  1. Pearlman, J., Levine, P., Yang, B. and Deak, S. (2017). Internal rationality, learning and imperfect information. Surrey, UK: University of Surrey.
  2. Pearlman, J., levine, P. and yang, B. (2013). Imperfection Information, Optimal Monetary Policy and Informational Consistency. London: Department of Economics, City University London.

Other (2)

  1. Pearlman, J. (2015). A Stylized model of European Monetary Union for Analysing coordination games for Monetary and Macroprudential Policy.
  2. Pearlman, J., melina, G., levine, P. and cantore, C. (2013). Optimal Fiscal and Monetary Rules in Normal and Abnormal Times.