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Details about Randal John Verbrugge

Phone:216.774.2709
Postal address:Research Department Federal Reserve Bank of Cleveland
Workplace:Economic Research, Federal Reserve Bank of Cleveland, (more information at EDIRC)

Access statistics for papers by Randal John Verbrugge.

Last updated 2024-07-05. Update your information in the RePEc Author Service.

Short-id: pve29


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Working Papers

2025

  1. Improving the Median CPI: Maximal Disaggregation Isn't Necessarily Optimal
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)

2023

  1. Disentangling rent index differences: data, methods, and scope
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)
    Also in Economic Working Papers, Bureau of Labor Statistics (2022) Downloads View citations (2)

    See also Journal Article Disentangling Rent Index Differences: Data, Methods, and Scope, American Economic Review: Insights, American Economic Association (2024) Downloads (2024)
  2. Improving Inflation Forecasts Using Robust Measures
    Working Papers, Federal Reserve Bank of Cleveland Downloads
    See also Journal Article Improving inflation forecasts using robust measures, International Journal of Forecasting, Elsevier (2024) Downloads (2024)
  3. Late Payment Fees and Nonpayment in Rental Markets, and Implications for Inflation Measurement: Theoretical Considerations and Evidence
    Working Papers, Federal Reserve Bank of Cleveland Downloads
  4. Post-COVID Inflation Dynamics: Higher for Longer
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)
    See also Journal Article Post‐COVID inflation dynamics: Higher for longer, Journal of Forecasting, John Wiley & Sons, Ltd. (2024) Downloads (2024)
  5. The Hard Road to a Soft Landing: Evidence from a (Modestly) Nonlinear Structural Model
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (2)
    See also Journal Article The hard road to a soft landing: Evidence from a (modestly) nonlinear structural model, Energy Economics, Elsevier (2023) Downloads View citations (1) (2023)
  6. The Intermittent Phillips Curve: Finding a Stable (But Persistence-Dependent) Phillips Curve Model Specification
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)

2021

  1. Is It Time to Reassess the Focal Role of Core PCE Inflation?
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (6)
  2. Location, Location, Structure Type: Rent Divergence within Neighborhoods
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (3)
    Also in Economic Working Papers, Bureau of Labor Statistics (2020) Downloads

2020

  1. A New Tool for Robust Estimation and Identification of Unusual Data Points
    Working Papers, Federal Reserve Bank of Cleveland Downloads

2019

  1. A New Look at Historical Monetary Policy and the Great Inflation through the Lens of a Persistence-Dependent Policy Rule
    Working Papers, Federal Reserve Bank of Cleveland Downloads
    See also Journal Article A new look at historical monetary policy (and the great inflation) through the lens of a persistence-dependent policy rule, Oxford Economic Papers, Oxford University Press (2020) Downloads View citations (8) (2020)
  2. Thinking Outside the Box: Do SPF Respondents Have Anchored Inflation Expectations?
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (1)

2018

  1. All Fluctuations Are Not Created Equal: The Differential Roles of Transitory versus Persistent Changes in Driving Historical Monetary Policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)

2017

  1. A Theory of Sticky Rents: Search and Bargaining with Incomplete Information
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (2)
    See also Journal Article A theory of sticky rents: Search and bargaining with incomplete information, Journal of Economic Theory, Elsevier (2019) Downloads View citations (12) (2019)

2016

  1. Panel Data Estimates of Age-Rent Profiles for Rental Housing
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)

2015

  1. Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)
    See also Journal Article Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects, Real Estate Economics, American Real Estate and Urban Economics Association (2017) Downloads View citations (9) (2017)
  2. Persistence Dependence in Empirical Relations: The Velocity of Money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)
  3. Tracking Trend Inflation: Nonseasonally Adjusted Variants of the Median and Trimmed-Mean CPI
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (2)

2014

  1. Frequency Dependence in a Real-Time Monetary Policy Rule
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)

1998

  1. A Framework for Studying Economic Interactions (with applications to corruption and business cycles)
    Game Theory and Information, University Library of Munich, Germany Downloads
  2. A cross-country investigation of macroeconomic asymmetries
    Macroeconomics, University Library of Munich, Germany Downloads View citations (18)
  3. Cross-Sectional and Longitudinal Inflation Asymmetries
    Macroeconomics, University Library of Munich, Germany Downloads View citations (5)
  4. Local Complementarities and Aggregate Fluctuations
    Macroeconomics, University Library of Munich, Germany Downloads View citations (4)

Journal Articles

2024

  1. Disentangling Rent Index Differences: Data, Methods, and Scope
    American Economic Review: Insights, 2024, 6, (2), 230-45 Downloads
    See also Working Paper Disentangling rent index differences: data, methods, and scope, Working Papers (2023) Downloads View citations (1) (2023)
  2. Improving inflation forecasts using robust measures
    International Journal of Forecasting, 2024, 40, (2), 735-745 Downloads
    See also Working Paper Improving Inflation Forecasts Using Robust Measures, Working Papers (2023) Downloads (2023)
  3. Inflation’s Last Half Mile: Higher for Longer?
    Economic Commentary, 2024, 2024, (09), 8 Downloads
  4. New-Tenant Rent Passthrough and the Future of Rent Inflation
    Economic Commentary, 2024, 2024, (17), 10 Downloads
  5. Post‐COVID inflation dynamics: Higher for longer
    Journal of Forecasting, 2024, 43, (4), 871-893 Downloads
    See also Working Paper Post-COVID Inflation Dynamics: Higher for Longer, Working Papers (2023) Downloads View citations (1) (2023)

2023

  1. Out of Bounds: Do SPF Respondents Have Anchored Inflation Expectations?
    Journal of Money, Credit and Banking, 2023, 55, (2-3), 559-576 Downloads View citations (6)
  2. The hard road to a soft landing: Evidence from a (modestly) nonlinear structural model
    Energy Economics, 2023, 123, (C) Downloads View citations (1)
    See also Working Paper The Hard Road to a Soft Landing: Evidence from a (Modestly) Nonlinear Structural Model, Working Papers (2023) Downloads View citations (2) (2023)

2022

  1. Adjusting Median and Trimmed-Mean Inflation Rates for Bias Based on Skewness
    Economic Commentary, 2022, 2022, (05), 7 Downloads View citations (2)
  2. Is it Time to Reassess the Focal Role of Core PCE Inflation in Assessing the Trend in PCE Inflation?
    Revista Economía, 2022, 45, (89), 73-101 Downloads View citations (3)

2021

  1. Robust covariance matrix estimation and identification of unusual data points: New tools
    Research in Economics, 2021, 75, (2), 176-202 Downloads View citations (2)
  2. Whose Inflation Expectations Best Predict Inflation?
    Economic Commentary, 2021, 2021, (19), 7 Downloads View citations (9)

2020

  1. A new look at historical monetary policy (and the great inflation) through the lens of a persistence-dependent policy rule
    Oxford Economic Papers, 2020, 72, (3), 672-691 Downloads View citations (8)
    See also Working Paper A New Look at Historical Monetary Policy and the Great Inflation through the Lens of a Persistence-Dependent Policy Rule, Working Papers (2019) Downloads (2019)
  2. The CPI–PCEPI Inflation Differential: Causes and Prospects
    Economic Commentary, 2020, 2020, (06), 8 Downloads

2019

  1. A theory of sticky rents: Search and bargaining with incomplete information
    Journal of Economic Theory, 2019, 183, (C), 478-519 Downloads View citations (12)
    See also Working Paper A Theory of Sticky Rents: Search and Bargaining with Incomplete Information, Working Papers (Old Series) (2017) Downloads View citations (2) (2017)
  2. Behavior of a New Median PCE Measure: A Tale of Tails
    Economic Commentary, 2019, 2019, (10) Downloads View citations (4)

2017

  1. Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects
    Real Estate Economics, 2017, 45, (3), 591-627 Downloads View citations (9)
    See also Working Paper Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects, Working Papers (Old Series) (2015) Downloads View citations (1) (2015)

2016

  1. Digging into the Downward Trend in Consumer Inflation Expectations
    Economic Commentary, 2016, (September) Downloads View citations (7)
  2. Federal Funds Rates Based on Seven Simple Monetary Policy Rules
    Economic Commentary, 2016, (July) Downloads View citations (5)

2015

  1. Is a Nonseasonally Adjusted Median CPI a Useful Signal of Trend Inflation?
    Economic Commentary, 2015, (Nov) Downloads View citations (1)

2014

  1. How Much Slack Is in the Labor Market? That Depends on What You Mean by Slack
    Economic Commentary, 2014, (Oct) Downloads View citations (3)

2013

  1. The equilibrium effect of fundamentals on house prices and rents
    Journal of Monetary Economics, 2013, 60, (7), 854-870 Downloads View citations (86)

2012

  1. Do the Consumer Price Index's Utilities Adjustments for Owners’ Equivalent Rent Distort Inflation Measurement?
    Journal of Business & Economic Statistics, 2012, 30, (1), 143-148 Downloads View citations (2)
    Also in Journal of Business & Economic Statistics, 2009, 30, (1), 143-148 (2009) Downloads

2010

  1. Explaining the Rent–OER Inflation Divergence, 1999–2007
    Real Estate Economics, 2010, 38, (4), 633-657 Downloads View citations (5)
  2. Home production and endogenous economic growth
    Journal of Economic Behavior & Organization, 2010, 75, (2), 297-312 Downloads View citations (1)

2009

  1. Frequency Dependence in Regression Model Coefficients: An Alternative Approach for Modeling Nonlinear Dynamic Relationships in Time Series
    Econometric Reviews, 2009, 28, (1-3), 4-20 Downloads View citations (25)
  2. Reconciling user costs and rental equivalence: Evidence from the US consumer expenditure survey
    Journal of Housing Economics, 2009, 18, (3), 172-192 Downloads View citations (53)
  3. To difference or not to difference: a Monte Carlo investigation of inference in vector autoregression models
    International Journal of Data Analysis Techniques and Strategies, 2009, 1, (3), 242-274 Downloads View citations (37)

2008

  1. THE PUZZLING DIVERGENCE OF RENTS AND USER COSTS, 1980–2004
    Review of Income and Wealth, 2008, 54, (4), 671-699 Downloads View citations (52)

2006

  1. Comments on "A critical investigation on detrending procedures for nonlinear processes"
    Journal of Macroeconomics, 2006, 28, (1), 192-194 Downloads
  2. Nonergodic Corruption Dynamics (or, Why Do Some Regions within a Country Become More Corrupt than Others?)
    Journal of Public Economic Theory, 2006, 8, (2), 219-245 Downloads View citations (1)

2003

  1. INTERACTIVE-AGENT ECONOMIES: AN ELUCIDATIVE FRAMEWORK AND SURVEY OF RESULTS
    Macroeconomic Dynamics, 2003, 7, (3), 424-472 Downloads View citations (5)

2002

  1. Longitudinal inflation asymmetry
    Applied Economics Letters, 2002, 9, (4), 261-264 Downloads View citations (2)

2000

  1. Late fees and price discrimination
    Economics Letters, 2000, 69, (2), 153-158 Downloads View citations (2)
  2. Risk aversion, learning spillovers, and path-dependent economic growth
    Economics Letters, 2000, 68, (2), 197-202 Downloads View citations (3)

1999

  1. Cross-Sectional Inflation Asymmetries And Core Inflation: A Comment On Bryan And Cecchetti
    The Review of Economics and Statistics, 1999, 81, (2), 199-202 Downloads View citations (9)

1997

  1. Investigating Cyclical Asymmetries
    Studies in Nonlinear Dynamics & Econometrics, 1997, 2, (1), 10 Downloads View citations (53)
 
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