Details about Bruce Preston

Access statistics for papers by Bruce Preston.

Last updated 2023-08-09. Update your information in the RePEc Author Service.

Short-id: ppr134

Working Papers

2023

1. Recovery of 1933
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (18)

2022

2. Monetary policy trade-offs at the zero lower bound
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (1)
3. Overview
   RBA Annual Conference Papers, Reserve Bank of Australia

2021

4. Forward guidance with unanchored expectations
   Bank of Finland Research Discussion Papers, Bank of Finland
5. Online Appendix to "Non-Rational Beliefs in an Open Economy"
   Online Appendices, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2021)
6. The Term Structure of Expectations
   Staff Reports, Federal Reserve Bank of New York View citations (2)

2020

7. Anchored inflation expectations
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (9)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (13)
   See also Journal Article in American Economic Journal: Macroeconomics (2023)
8. The case for reform of the RBA's policy and communication strategy
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

2017

9. Fiscal foundations of inflation: Imperfect knowledge
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (4)
   Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (8)
   See also Journal Article in American Economic Review (2018)
10. Some implications of learning for price stability
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (1)
    See also Journal Article in European Economic Review (2018)

2016

11. The science of monetary policy: an imperfect knowledge perspective
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (10)
    Also in Staff Reports, Federal Reserve Bank of New York (2016) View citations (5)
    See also Journal Article in Journal of Economic Literature (2018)

2015

12. What drives long-run inflation expectations?
    2015 Meeting Papers, Society for Economic Dynamics

2014

13. The Limits of Monetary Policy Under Imperfect Knowledge
    2014 Meeting Papers, Society for Economic Dynamics

2012

14. Long-Term Debt Pricing and Monetary Policy Transmission under Imperfect Knowledge
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2012) View citations (3)

2011

15. Learning the fiscal theory of the price level: some consequences of debt management policy
    Staff Reports, Federal Reserve Bank of New York View citations (17)
    See also Chapter (2010)
    Journal Article in Journal of the Japanese and International Economies (2011)
16. The maturity structure of debt, monetary policy and expectations stabilization
    2011 Meeting Papers, Society for Economic Dynamics View citations (7)

2010

17. Debt, Policy Uncertainty and Expectations Stabilization
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (5)
    See also Journal Article in Journal of the European Economic Association (2012)

2009

18. Can structural small open economy models account for the influence of foreign disturbances?
    Working Paper Series, Federal Reserve Bank of Chicago View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (10)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2006) View citations (43)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (39)
    See also Journal Article in Journal of International Economics (2010)
19. Comovement in Business Cycle Models: the Role of Nonseparable Preferences and Labor Market Participation
    2009 Meeting Papers, Society for Economic Dynamics
20. Consumption heterogeneity, employment dynamics, and macroeconomic co-movement
    Staff Reports, Federal Reserve Bank of New York View citations (10)
    See also Journal Article in Journal of Monetary Economics (2015)
21. Labor Supply Heterogeneity and Macroeconomic Co-movement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
22. Monetary policy and uncertainty in an empirical small open economy model
    Working Paper Series, Federal Reserve Bank of Chicago View citations (14)
    See also Journal Article in Journal of Applied Econometrics (2010)

2008

23. Bayesian Averaging, Prediction and Nonnested Model Selection
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article in Journal of Econometrics (2012)
24. EXPECTATIONS, LEARNING AND BUSINESS CYCLE FLUCTUATIONS
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (26)
    See also Journal Article in American Economic Review (2011)
25. Stabilizing Expectations under Monetary and Fiscal Policy Coordination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (3)

2007

26. Adaptive Learning as a Propagation Mechanism
    2007 Meeting Papers, Society for Economic Dynamics
27. Central Bank Communication and Expectations Stabilization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    See also Journal Article in American Economic Journal: Macroeconomics (2010)
28. Incomplete Markets, Heterogeneity and Macroeconomic Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)

2006

29. Foreign shock transmission in small open economies
    Computing in Economics and Finance 2006, Society for Computational Economics

2005

30. Learning about Monetary Policy Rules when Long-Horizon Expectations Matter
    MPRA Paper, University Library of Munich, Germany View citations (239)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2003) View citations (7)
    See also Journal Article in International Journal of Central Banking (2005)

2004

31. Precautionary Saving and Consumption Fluctuations
    Working Papers, Princeton University, School of Public and International Affairs, Discussion Papers in Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (16)
    See also Journal Article in American Economic Review (2005)

2002

32. The Impact of Inflation and Uncertainty on the Optimum Markup Set by Firms
    Economics Working Papers, European University Institute View citations (15)
    Also in Dundee Discussion Papers in Economics, Economic Studies, University of Dundee View citations (7)

2001

33. Empirical Likelihood-Based Selection Criteria for Moment Condition Models
    Economics Working Paper Archive, The Johns Hopkins University,Department of Economics View citations (3)

1995

34. Consumption, Investment and International Linkages
    RBA Research Discussion Papers, Reserve Bank of Australia View citations (9)

Journal Articles

2023

1. Anchored Inflation Expectations
   American Economic Journal: Macroeconomics, 2023, 15, (1), 1-47 View citations (1)
   See also Working Paper (2020)

2021

2. Non-Rational Beliefs in an Open Economy
   Review of Economic Dynamics, 2021, 41, 174-204 View citations (1)
   See also Working Paper (2021)
   Software Item (2021)

2020

3. Should We Worry about Government Debt? Thoughts on Australia's COVID‐19 Response
   Australian Economic Review, 2020, 53, (4), 557-565 View citations (2)
4. The Case for Reform of the Reserve Bank of Australia Policy and Communication Strategy
   Australian Economic Review, 2020, 53, (1), 95-104 View citations (1)

2018

5. Fiscal Foundations of Inflation: Imperfect Knowledge
   American Economic Review, 2018, 108, (9), 2551-89 View citations (24)
   See also Working Paper (2017)
6. Some implications of learning for price stability
   European Economic Review, 2018, 106, (C), 1-20 View citations (5)
   See also Working Paper (2017)
7. The Science of Monetary Policy: An Imperfect Knowledge Perspective
   Journal of Economic Literature, 2018, 56, (1), 3-59 View citations (67)
   See also Working Paper (2016)

2015

8. Consumption heterogeneity, employment dynamics and macroeconomic co-movement
   Journal of Monetary Economics, 2015, 71, (C), 13-32 View citations (14)
   See also Working Paper (2009)

2012

9. Bayesian averaging, prediction and nonnested model selection
   Journal of Econometrics, 2012, 167, (2), 358-369 View citations (14)
   See also Working Paper (2008)
10. DEBT, POLICY UNCERTAINTY, AND EXPECTATIONS STABILIZATION
    Journal of the European Economic Association, 2012, 10, (4), 860-886 View citations (20)
    See also Working Paper (2010)

2011

11. Expectations, Learning, and Business Cycle Fluctuations
    American Economic Review, 2011, 101, (6), 2844-72 View citations (165)
    See also Working Paper (2008)
12. Learning the fiscal theory of the price level: Some consequences of debt-management policy
    Journal of the Japanese and International Economies, 2011, 25, (4), 358-379 View citations (19)
    See also Working Paper (2011)
    Chapter (2010)

2010

13. Can structural small open-economy models account for the influence of foreign disturbances?
    Journal of International Economics, 2010, 81, (1), 61-74 View citations (205)
    See also Working Paper (2009)
14. Central Bank Communication and Expectations Stabilization
    American Economic Journal: Macroeconomics, 2010, 2, (3), 235-71 View citations (120)
    Also in Proceedings, 2007, (March), 1-43 (2007) View citations (39)
    See also Working Paper (2007)
15. Monetary policy and uncertainty in an empirical small open-economy model
    Journal of Applied Econometrics, 2010, 25, (1), 93-128 View citations (229)
    Also in Journal of Applied Econometrics, 2010, 25, (1), 93-128 (2010) View citations (63)
    See also Working Paper (2009)

2008

16. Adaptive learning and the use of forecasts in monetary policy
    Journal of Economic Dynamics and Control, 2008, 32, (11), 3661-3681 View citations (58)

2006

17. Adaptive learning, forecast-based instrument rules and monetary policy
    Journal of Monetary Economics, 2006, 53, (3), 507-535 View citations (117)

2005

18. Learning about Monetary Policy Rules when Long-Horizon Expectations Matter
    International Journal of Central Banking, 2005, 1, (2) View citations (241)
    See also Working Paper (2005)
19. Precautionary Saving and Consumption Fluctuations
    American Economic Review, 2005, 95, (4), 1119-1143 View citations (59)
    See also Working Paper (2004)

2003

20. GENERALIZED EMPIRICAL LIKELIHOOD–BASED MODEL SELECTION CRITERIA FOR MOMENT CONDITION MODELS
    Econometric Theory, 2003, 19, (6), 923-943 View citations (40)

Chapters

2018

1. Discussion of Robust Design Principles for Monetary Policy Committees
   A chapter in Central Bank Frameworks: Evolution or Revolution?, 2018

2017

2. Discussion of Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?
   A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017

2013

3. Comment on "Dormant Shocks and Fiscal Virtue"
   A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 47-58

2010

4. Learning the Fiscal Theory of the Price Level: Some Consequences of Debt-Management Policy
   A chapter in Fiscal Policy and Crisis, 2010
   See also Journal Article in Journal of the Japanese and International Economies (2011)
   Working Paper (2011)

Software Items

2021

1. Code and data files for "Non-Rational Beliefs in an Open Economy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2021)