Bruce Preston

The Case for Reform of the Reserve Bank of Australia Policy and Communication Strategy

Bruce Preston

Journal article  |  2020  |  Australian Economic Review

At any time, the public should be able to evaluate whether the Reserve Bank of Australia's (RBA) interest rate decisions are consi..

Loose language spares the RBA from real assessment

Bruce Preston

Scholarly Contribution to Database/Website  |  2019

The wording of the official statement on monetary policy allows our central bank to shift the goal posts in its own favour.

We must not politicise the RBA

Bruce Preston, Warwick McKibbin

Scholarly Contribution to Database/Website  |  2019

A new statement on monetary policy cannot be used as cover to blame the RBA if the government busts the budget.

Fiscal Foundations of Inflation: Imperfect Knowledge

Stefano Eusepi, B Preston

Journal article  |  2018  |  American Economic Review

This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. Because imperfect k..

Some implications of learning for price stability

Stefano Eusepi, Marc P Giannoni, Bruce Preston

Journal article  |  2018  |  European Economic Review

The Science of Monetary Policy: An Imperfect Knowledge Perspective

S Eusepi, B PRESTON

Journal article  |  2018  |  Journal of Economic Literature

This paper reevaluates the basic prescriptions of monetary policy design in the new Keynesian paradigm through the lens of imperfe..

Consumption heterogeneity, employment dynamics and macroeconomic co-movement

Stefano Eusepi, Bruce Preston

Journal article  |  2015  |  Journal of Monetary Economics

Discussion of "House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy"

Bruce Preston

Journal article  |  2013  |  International Journal of Central Banking

Comment

B Preston

Journal article  |  2013  |  NBER Macroeconomics Annual

DEBT, POLICY UNCERTAINTY, AND EXPECTATIONS STABILIZATION

Stefano Eusepi, Bruce Preston

Journal article  |  2012  |  Journal of the European Economic Association

Bayesian averaging, prediction and nonnested model selection

Han Hong, Bruce Preston

Conference Proceedings  |  2012  |  Journal of Econometrics

Learning the fiscal theory of the price level: Some consequences of debt-management policy

Stefano Eusepi, Bruce Preston

Journal article  |  2011  |  Journal of the Japanese and International Economies

Expectations, Learning, and Business Cycle Fluctuations

Stefano Eusepi, Bruce Preston

Journal article  |  2011  |  American Economic Review

Central bank communication and expectations stabilization

S Eusepi, B Preston

Journal article  |  2010  |  American Economic Journal: Macroeconomics

Can structural small open-economy models account for the influence of foreign disturbances?

A Justiniano, B Preston

Journal article  |  2010  |  Journal of International Economics

Monetary policy and uncertainty in an empirical small open-economy model

A Justiniano, B Preston

Journal article  |  2010  |  Journal of Applied Econometrics

Adaptive learning and the use of forecasts in monetary policy

B Preston

Journal article  |  2008  |  Journal of Economic Dynamics and Control

Adaptive learning, forecast-based instrument rules and monetary policy

B Preston

Journal article  |  2006  |  Journal of Monetary Economics

Precautionary saving and consumption fluctuations

JA Parker, B Preston

Journal article  |  2005  |  American Economic Review

Generalized empirical likelihood-based model selection criteria for moment condition models

H Hong, B Preston, M Shum

Journal article  |  2003  |  Econometric Theory