Details about Randal John Verbrugge

Access statistics for papers by Randal John Verbrugge.

Last updated 2022-09-07. Update your information in the RePEc Author Service.

Short-id: pve29

Working Papers

2023

1. Post-COVID Inflation Dynamics: Higher for Longer
   Working Papers, Federal Reserve Bank of Cleveland
2. The Hard Road to a Soft Landing: Evidence from a (Modestly) Nonlinear Structural Model
   Working Papers, Federal Reserve Bank of Cleveland
3. The Intermittent Phillips Curve: Finding a Stable (But Persistence-Dependent) Phillips Curve Model Specification
   Working Papers, Federal Reserve Bank of Cleveland View citations (1)

2022

4. Disentangling rent index differences: data, methods, and scope
   Working Papers, Federal Reserve Bank of Cleveland
5. Improving Inflation Forecasts Using Robust Measures
   Working Papers, Federal Reserve Bank of Cleveland

2021

6. Is It Time to Reassess the Focal Role of Core PCE Inflation?
   Working Papers, Federal Reserve Bank of Cleveland View citations (2)
7. Late Payment Fees and Nonpayment in Rental Markets, and Implications for Inflation Measurement: Theoretical Considerations and Evidence
   Working Papers, Federal Reserve Bank of Cleveland

2020

8. A New Tool for Robust Estimation and Identification of Unusual Data Points
   Working Papers, Federal Reserve Bank of Cleveland
9. Location, Location, Structure Type: Rent Divergence within Neighborhoods
   Economic Working Papers, Bureau of Labor Statistics
   Also in Working Papers, Federal Reserve Bank of Cleveland (2020) View citations (1)

2019

10. 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
    See also Journal Article in Oxford Economic Papers (2020)
11. Thinking Outside the Box: Do SPF Respondents Have Anchored Inflation Expectations?
    Working Papers, Federal Reserve Bank of Cleveland View citations (1)

2018

12. 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 View citations (1)

2017

13. A Theory of Sticky Rents: Search and Bargaining with Incomplete Information
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
    See also Journal Article in Journal of Economic Theory (2019)

2016

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

2015

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

2014

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

1998

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

Journal Articles

2022

1. Adjusting Median and Trimmed-Mean Inflation Rates for Bias Based on Skewness
   Economic Commentary, 2022, 2022, (05), 7 View citations (1)

2021

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

2020

4. 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 View citations (6)
   See also Working Paper (2019)
5. The CPI–PCEPI Inflation Differential: Causes and Prospects
   Economic Commentary, 2020, 2020, (06), 8

2019

6. A theory of sticky rents: Search and bargaining with incomplete information
   Journal of Economic Theory, 2019, 183, (C), 478-519 View citations (8)
   See also Working Paper (2017)
7. Behavior of a New Median PCE Measure: A Tale of Tails
   Economic Commentary, 2019, (July) View citations (3)

2017

8. Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects
   Real Estate Economics, 2017, 45, (3), 591-627 View citations (7)
   See also Working Paper (2015)

2016

9. Digging into the Downward Trend in Consumer Inflation Expectations
   Economic Commentary, 2016, (September) View citations (6)
10. Federal Funds Rates Based on Seven Simple Monetary Policy Rules
    Economic Commentary, 2016, (July) View citations (5)

2015

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

2014

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

2013

13. The equilibrium effect of fundamentals on house prices and rents
    Journal of Monetary Economics, 2013, 60, (7), 854-870 View citations (72)

2010

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

2009

16. Do the Consumer Price Index's Utilities Adjustments for Owners’ Equivalent Rent Distort Inflation Measurement?
    Journal of Business & Economic Statistics, 2009, 30, (1), 143-148
17. 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 View citations (23)
18. Reconciling user costs and rental equivalence: Evidence from the US consumer expenditure survey
    Journal of Housing Economics, 2009, 18, (3), 172-192 View citations (41)
19. 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 View citations (32)

2008

20. THE PUZZLING DIVERGENCE OF RENTS AND USER COSTS, 1980–2004
    Review of Income and Wealth, 2008, 54, (4), 671-699 View citations (49)

2006

21. Comments on "A critical investigation on detrending procedures for nonlinear processes"
    Journal of Macroeconomics, 2006, 28, (1), 192-194
22. 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

2003

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

2002

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

2000

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

1999

27. Cross-Sectional Inflation Asymmetries And Core Inflation: A Comment On Bryan And Cecchetti
    The Review of Economics and Statistics, 1999, 81, (2), 199-202 View citations (7)

1997

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