Bruce Preston

Bruce Preston served as Professor of Economics in the Department of Economics, Faculty of Business and Economics, at the University of Melbourne from April 2015 to April 2024. He earned his PhD in Economics from Princeton University in 2003, an MA in Economics from the same institution in 2000, and a Bachelor of Economics with First Class Honours from the Australian National University in 1994. His previous academic appointments include the Richard Snape Chair of Business and Economics at Monash University (2013-2015), Professor of Economics at Monash University (2012-2013), Associate Professor of Economics at Columbia University (2009-2012), and Assistant Professor of Economics at Columbia University (2003-2009).

Preston's research focuses on macroeconomic theory and policy, particularly the design and evaluation of monetary and fiscal frameworks under uncertainty, and the roles of expectations, learning, and institutional design in macroeconomic policy effectiveness. Notable publications include "Expectations, Learning, and Business Cycle Fluctuations" with Stefano Eusepi in the American Economic Review (2011), "Monetary Policy and Uncertainty in an Empirical Small Open-Economy Model" with Alejandro Justiniano in the Journal of Applied Econometrics (2010), "Central Bank Communication and Expectations Stabilization" with Stefano Eusepi in the American Economic Journal: Macroeconomics (2010), and "Anchored Inflation Expectations" in the American Economic Journal: Macroeconomics (2023). He is a Fellow of the Econometric Society and the Academy of the Social Sciences in Australia, and held an Australian Research Council Future Fellowship from 2014 to 2018. Preston has served as Associate Editor for the European Economic Review (2011-2022), the Journal of Applied Econometrics (2015-2018), and Macroeconomic Dynamics (2010-2017). He has also taught advanced macroeconomics courses at the University of Melbourne, including International Macroeconomics and PhD Macroeconomics II, and delivered short courses on monetary policy topics to institutions such as the Commonwealth Treasury and the Bank of Japan. Additionally, he has advised the Australian Treasury and serves on the Reserve Bank of Australia's Monetary Policy Board.

Professional Email: bruce.preston@unimelb.edu.au