Paul Levine

Professor Paul Levine

Professor of Economics
15 AD 00



Research interests


  1.  Levine, Paul & Pearlman, Joseph & Yang, Bo &  Pham, Son, 2025, “Recent Developments in DSGE Modelling: Beyond FIRE”, Forthcoming in a special volume of the South Asian Journal of Macroeconomics and Public Finance
  2.  Levine, Paul & Pontines, Victor, 2024.  “Climate Risk and the Natural Interest Rate:  An E-DSGE Perspective,” Economic Letters,
  3.   Deák, Szabolcs & Levine, Paul & Pearlman, Joseph & Yang, Bo, 2023, “Reinforcement Learning in a New Keynesian Model”,  Algorithms16(6), 280.
  4.   Deák, Szabolcs & Levine, Paul & Pham, Son,  2023 ,  “Simple Mandates, Monetary Rules and Trend Inflation”, Macroeconomic Dynamics, Published Online, 7 July, 2023.
  5. Gabriel, Vasco & Levine, Paul & Yang, Bo,  2023,Partial Dollarization and Financial Frictions in Emerging Economies”, Review of International Economics, vol 31(2), pages 609-651. DOI:
  6. Levine, Paul, 2020. “The State of DSGE Modelling”,  Oxford Research Encyclopedia of  Economics and Finance,  published online, April 30.
  7. Calvert Jump, Robert & Hommes, Cars & Levine, Paul, 2019. "Learning, heterogeneity, and complexity in the New Keynesian model," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 446-470.
  8. Jump, Robert Calvert & Levine, Paul, 2019. "Behavioural New Keynesian models," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 59-77.
  9. Cantore, Cristiano & Levine, Paul & Melina, Giovanni & Pearlman, Joseph, 2019. "Optimal Fiscal And Monetary Policy, Debt Crisis, And Management," Macroeconomic Dynamics, Cambridge University Press, vol. 23(3), pages 1166-1204, April.
  10. Holden, Tom & Levine, Paul & Swarbrick, Jonathan, 2018. "Reconciling Jaimovich–Rebello preferences, habit in consumption and labor supply," Economics Letters, Elsevier, vol. 168(C), pages 132-137.
  11. Ozge Dilaver & Robert Calvert Jump & Paul Levine, 2018. "Agent‐Based Macroeconomics And Dynamic Stochastic General Equilibrium Models: Where Do We Go From Here?," Journal of Economic Surveys, Wiley Blackwell, vol. 32(4), pages 1134-1159, September.
  12. Holden, Tom & Levine, Paul & Swarbrick, Jonathan, 2017.  Credit Crunches from Occasionally Binding Bank Borrowing Constraints," Staff Working Papers 17-57, Bank of Canada and 2020, Journal of Money, Credit and Banking52(2-3), pages 549-582.
  13. Garcia-Alonso, Maria D.C. & Levine, Paul & Smith, Ron, 2016. "Military aid, direct intervention and counterterrorism," European Journal of Political Economy, Elsevier, vol. 44(C), pages 112-135.
  14. Cantore, Cristiano & Levine, Paul & Pearlman, Joseph & Yang, Bo, 2015. "CES technology and business cycle fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 133-151.
  15. Cristiano Cantore & Paul Levine & Giovanni Melina, 2014. "A Fiscal Stimulus and Jobless Recovery," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(3), pages 669-701, July
  16. Cantore, Cristiano & Levine, Paul & Melina, Giovanni & Yang, Bo, 2012. "A fiscal stimulus with deep habits and optimal monetary policy," Economics Letters, Elsevier, vol. 117(1), pages 348-353.
  17. Levine, Paul & McAdam, Peter & Pearlman, Joseph, 2012. "Probability models and robust policy rules," European Economic Review, Elsevier, vol. 56(2), pages 246-262.
  18. Alptekin, Aynur & Levine, Paul, 2012. "Military expenditure and economic growth: A meta-analysis," European Journal of Political Economy, Elsevier, vol. 28(4), pages 636-650.
  19. Paul Levine & Joseph Pearlman & George Perendia & Bo Yang, 2012. "Endogenous Persistence in an estimated DSGE Model under Imperfect Information," Economic Journal, Royal Economic Society, vol. 122(565), pages 1287-1312, December.
  20. M. Ali Choudhary & Paul Levine & Peter McAdam & Peter Welz, 2012. "The happiness puzzle: analytical aspects of the Easterlin paradox," Oxford Economic Papers, Oxford University Press, vol. 64(1), pages 27-42, January.
  21. Paul Levine, 2012. "Monetary policy in an uncertain world: probability models and the design of robust monetary rules," Indian Growth and Development Review, Emerald Group Publishing, vol. 5(1), pages 70-88, April.
  22. Cantore, C. & Levine, P., 2012. "Getting normalization right: Dealing with ‘dimensional constants’ in macroeconomics," Journal of Economic Dynamics and Control, Elsevier, vol. 36(12), pages 1931-1949.
  23. Mark Harris & Paul Levine & Christopher Spencer, 2011. "A decade of dissent: explaining the dissent voting behavior of Bank of England MPC members," Public Choice, Springer, vol. 146(3), pages 413-442, March.
  24. Levine, Paul & Pearlman, Joseph, 2010. "Robust monetary rules under unstructured model uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 456-471, March.
  25. Young-Bae Kim & Paul Levine & Emanuela Lotti, 2010. "Migration, Skill Composition and Growth," National Institute Economic Review, National Institute of Economic and Social Research, vol. 213(1), pages 5-19, July.
  26. Paul Levine & Emanuela Lotti & Joseph Pearlman & Richard Pierse, 2010. "Growth and Welfare Effects of World Migration," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(5), pages 615-643, November.
  27. M. Ali Choudhary & Paul Levine, 2010. "Risk-averse firms and employment dynamics," Oxford Economic Papers, Oxford University Press, vol. 62(3), pages 578-602, July.
  28. Gabriel, Vasco J. & Levine, Paul & Spencer, Christopher, 2009. "How forward-looking is the Fed? Direct estimates from a 'Calvo-type' rule," Economics Letters, Elsevier, vol. 104(2), pages 92-95, August.
  29. Levine, Paul & McAdam, Peter & Pearlman, Joseph, 2008. "Quantifying and sustaining welfare gains from monetary commitment," Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1253-1276, October.

For earlier publications see IDEAS-RePEc