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Bruce Preston

Bruce Preston

Professor of Economics, University of Melbourne
Professor Bruce Preston joined the University of Melbourne in 2015. Prior to this, he held positions at Monash University, the Australian National University and Columbia University. He was an Australian Research Council Future Fellow, 2014-2017.

Bruce earned a PhD in Economics from Princeton University (2003) and is an Associate Editor at the European Economic Review and the Journal of Applied Econometrics. His research primarily concerns monetary and fiscal policy. He has publish in various international journals, including the American Economic Review, the Journal of Economic Literature, the Journal of Monetary Economics, the Journal of International Economics and the Journal of Econometrics.

The costs of the shutdown are overestimated -- they're outweighed by its $1 trillion benefit

May 20, 2020 15:51 pm UTC| Economy

As Australia begins to relax its COVID-19 restrictions there is understandable debate about how quickly that should proceed, and whether lockdowns even made sense in Australia in the first place. The sceptics arguing...

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Economy

Sinclair Broadcasting Group is laying off hundreds of workers soon

Sinclair Broadcasting Group announced this week that it would be laying off hundreds of workers soon. The company said it was left with no choice but to dismiss a percentage of its workforce as the business was affected by...

US suppliers to China's SMIC face licensing woes

The US has been slow to approve licenses for American companies to sell chipmaking equipment to Chinas Semiconductor Manufacturing International Corp (SMIC), with an estimated $5 billion worth of parts and components...

S. Korea, UAE expand collaboration in hydrogen industry

South Korea and the UAE have agreed to joint venture into hydrogen and other sustainable resources in line with their carbon reduction goals. According to South Koreas Industry Minister Sung Yun-mo, who held a virtual...

S. Korea's economy skids for first time in 22 years

South Koreas economy shrank one percent last year, marking the first annual contraction in 22 years, as the pandemic shuttered service industry jobs and curtailed spending. It was in1998 when the countrys economy last...

Politics

Joe Biden COVID-19 response: POTUS says there is enough vaccine for all adults until May

With the Biden administration already ramping up efforts to make sure everyone is vaccinated, President Joe Biden brought more good news for adults across the country. Biden announced that there would be enough vaccines...

Barack Obama: New book claims ex-POTUS initially did not want to endorse Joe Biden

While former President Barack Obama is known for having a very close friendship with his then-vice president Joe Biden, a new book claims that their friendship did not extend to a campaign endorsement. The book claims that...

Kamala Harris reaffirms US-Australia ties in call with Prime Minister Scott Morrison

Vice President Kamala Harris is reaching out to world leaders as part of the Biden-Harris administrations plan to re-engage with allies. Harris recently reaffirmed the US alliance with Australia with its Prime Minister...

Donald Trump investigation: House Oversight Committee issues subpoena to ex-POTUS' accounting firm again

The Manhattan prosecutors are not the only ones who want to look into the financial records of former President Donald Trump. It appears the House is also keen on looking into Trumps records as its oversight committee has...

Science

Transparent wood is coming, and it could make an energy-efficient alternative to glass

Wood is an ancient material humans have been using for millions of years, for the construction of housing, ships and as a source of fuel for burning. Its also a renewable source, and one way to capture excess carbon...

Pigs can play video games, scientists discover

Pigs might not be able to fly, but they can play video games. In a new study, researchers from Purdue University in Indiana, US have shown that pigs can use a digital screen and joystick, operated by their snout, to move a...

Einsteinium: 100 years after Einstein's Nobel Prize, researchers reveal chemical secrets of element that bears his name

A century ago, an upstart German physicist by the name of Albert Einstein turned the scientific world on its head with his discovery of the photoelectric effect, which proved light to be both a particle and a wave. Awarded...

New CRISPR technology could revolutionise gene therapy, offering new hope to people with genetic diseases

The day a muddled mob stormed the US Capitol building, a team of American researchers published a paper in Nature that signified a landmark in gene therapy. The head of the US National Institutes of Health, Francis...

In the rush for coronavirus information, unreviewed scientific papers are being publicized

COVID-19 has not only upended our personal lives, it has dramatically changed scientific research. In response to the rapid spread of the virus, scientists around the world have had to find new ways to collaborate and...

Technology

MacBook and iPad models in 2022 could sport OLED panels

Apple marked a significant development in its iPhone line last year after launching the first series with OLED, or organic light-emitting diode, as the standard panel. The company is reportedly not stopping at iPhone as it...

Realme GT 5G is powered by Snapdragon 888 for less than $500

Most smartphones powered by the new Qualcomm Snapdragon 888 chipset are expected to come with high prices, but that is not the case for Realme GT 5G. For less than $500, the device will allow its users to experience the...

WhatsApp desktop audio and video calls are now live

WhatsApp has introduced a much-requested feature among users who often use its desktop services. The option to make audio and video calls through Windows and Mac computers went live Thursday, but there is one major...

‘Diablo 2: Resurrected’ will allow players to load old save files

When Blizzard Entertainment announced Diablo 2: Resurrected last month during the BlizzConline virtual convention, long-time fans likely have one common concern. Many may have been concerned about whether or not they could...

Google will stop very specific ad tracking on individual users

Google is introducing new ways to process peoples data for targeted ads purposes. The company issued a statement tackling the looming changes while taking note of the erosion of trust among internet users toward online...
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