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Randal Verbrugge

Federal Reserve Bank of Cleveland

East 6th & Superior

Cleveland, OH 44101-1387

United States

SCHOLARLY PAPERS

18

DOWNLOADS

2,216

TOTAL CITATIONS
Rank 34,897

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Top 34,897

in Total Papers Citations

30

Scholarly Papers (18)

1.

A Theory of Sticky Rents: Search and Bargaining with Incomplete Information

FRB of Cleveland Working Paper No. 17-05
Number of pages: 38 Posted: 25 May 2017
Randal Verbrugge and Joshua Gallin
Federal Reserve Bank of Cleveland and Board of Governors of the Federal Reserve System
Downloads 247 (310,057)
Citation 7

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Price stickiness, Bargaining, Search, Incomplete information

Frequency Dependence in a Real-Time Monetary Policy Rule

Number of pages: 45 Posted: 29 Jan 2010 Last Revised: 05 Aug 2017
Richard A. Ashley, Kwok Ping Tsang and Randal Verbrugge
Virginia Tech. - Department of Economics, Virginia Tech and Federal Reserve Bank of Cleveland
Downloads 169 (446,272)

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Taylor rule, frequency dependence, spectral regression, real-time data

Frequency Dependence in a Real-Time Monetary Policy Rule

FRB of Cleveland Working Paper No. 14-30
Number of pages: 44 Posted: 22 Nov 2014 Last Revised: 28 Sep 2015
Richard A. Ashley, Kwok Ping Tsang and Randal Verbrugge
Virginia Tech. - Department of Economics, Virginia Tech and Federal Reserve Bank of Cleveland
Downloads 58 (996,491)
Citation 2

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Taylor rule, frequency dependence, spectral regression, real-time data.

3.

Panel Data Estimates of Age-Rent Profiles for Rental Housing

FRB of Cleveland Working Paper No. 16-30
Number of pages: 29 Posted: 17 Dec 2016
Joshua Gallin and Randal Verbrugge
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Cleveland
Downloads 193 (393,598)
Citation 1

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Housing depreciation, rental housing, housing economics

4.

Disentangling Rent Index Differences: Data, Methods, and Scope

FRB of Cleveland Working Paper No. 22-38R, https://doi.org/10.26509/frbc-wp-202238r
Number of pages: 33 Posted: 27 Dec 2022 Last Revised: 28 Sep 2023
Brian Adams, Lara Loewenstein, Hugh Montag and Randal Verbrugge
University of Akron - Department of Economics, Federal Reserve Bank of Cleveland, Bureau of Labor Statistics and Federal Reserve Bank of Cleveland
Downloads 182 (415,884)
Citation 11

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house prices, rent growth, inflation measurement, monetary policy, forecasting, marginal rent growth, average rent growth

5.

Location, Location, Structure Type: Rent Divergence within Neighborhoods

FRB of Cleveland Working Paper No. 21-03
Number of pages: 23 Posted: 10 Feb 2021
Brian Adams and Randal Verbrugge
University of Akron - Department of Economics and Federal Reserve Bank of Cleveland
Downloads 181 (424,491)
Citation 1

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rental housing, price measurement, owners’ equivalent rent

6.

Determinants of Differential Rent Changes: Mean Reversion Versus the Usual Suspects

FRB of Cleveland Working Paper No. 1511
Number of pages: 43 Posted: 13 Aug 2015
Federal Reserve Bank of Cleveland, Bureau of Labor Statistics, Bureau of Labor Statistics, Bureau of Labor Statistics, Bureau of Labor Statistics and Bureau of Labor Statistics
Downloads 142 (521,245)
Citation 3

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location, rent stickiness, mean reversion, inflation measurement

7.

Post-COVID Inflation Dynamics: Higher for Longer

FRB of Cleveland Working Paper No. 23-06R, https://doi.org/10.26509/frbc-wp-202306r
Number of pages: 47 Posted: 17 Jan 2023 Last Revised: 21 Jun 2023
Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 138 (530,816)

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Nonlinear Phillips Curve, Frequency Decomposition, Supply Price Pressures, Structural VAR, Nonlinear Impulse Response Functions, Welfare Analysis

8.

Late Payment Fees and Nonpayment in Rental Markets, and Implications for Inflation Measurement: Theoretical Considerations and Evidence

FRB of Cleveland Working Paper No. 20-22R2, https://doi.org/10.26509/frbc-wp-202022r2
Number of pages: 26 Posted: 08 Jul 2020 Last Revised: 08 Nov 2023
Wesley Janson and Randal Verbrugge
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 128 (565,439)

Abstract:

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shelter inflation, nonpayment, eviction, COVID collapse, CPI mismeasurement

9.

Persistence Dependence in Empirical Relations: The Velocity of Money

FRB of Cleveland Working Paper No. 1530
Number of pages: 29 Posted: 16 Dec 2015
Richard A. Ashley and Randal Verbrugge
Virginia Tech. - Department of Economics and Federal Reserve Bank of Cleveland
Downloads 128 (565,439)

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money demand, frequency-dependence, spectral regression

10.

Improving Inflation Forecasts Using Robust Measures

FRB of Cleveland Working Paper No. 22-23R, https://doi.org/10.26509/frbc-wp-202223r
Number of pages: 41 Posted: 08 Aug 2022 Last Revised: 30 May 2023
Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 122 (588,531)
Citation 3

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median PCE inflation, trimmed-mean PCE, disaggregate inflation, skewness, forecasting

11.

Tracking Trend Inflation: Nonseasonally Adjusted Variants of the Median and Trimmed-Mean CPI

FRB of Cleveland Working Paper No. 1527
Number of pages: 43 Posted: 09 Nov 2015
Amy Higgins and Randal Verbrugge
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 106 (659,652)

Abstract:

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inflation measurement, trimmed-mean inflation estimators, seasonal adjustment, trend inflation, time averaging

12.

The Intermittent Phillips Curve: Finding a Stable (But Persistence-Dependent) Phillips Curve Model Specification

FRB of Cleveland Working Paper No. 19-09R2
Number of pages: 37 Posted: 28 May 2019 Last Revised: 14 Feb 2023
Richard A. Ashley and Randal Verbrugge
Virginia Tech. - Department of Economics and Federal Reserve Bank of Cleveland
Downloads 103 (674,591)

Abstract:

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overheating; recession gap; persistence dependence; NAIRU, Phillips Curve

13.

The Effect of Component Disaggregation on Measures of the Median and Trimmed-Mean CPI

FRB of Cleveland Working Paper No. 24-02, https://doi.org/10.26509/frbc-wp-202402
Number of pages: 77 Posted: 04 Jan 2024
Christian Garciga, Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 81 (809,932)
Citation 1

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inflation measurement, median CPI, trimmed-mean CPI, trend inflation, disaggregates of inflation

14.

The Hard Road to a Soft Landing: Evidence from a (Modestly) Nonlinear Structural Model

FRB of Cleveland Working Paper No. 23-03, https://doi.org/10.26509/frbc-wp-202303
Number of pages: 50 Posted: 09 Jan 2023 Last Revised: 09 May 2023
Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 78 (816,709)

Abstract:

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Nonlinear Phillips Curve, Frequency Decomposition, Supply Price Pressures, Structural VAR, Nonlinear Impulse Response Functions, Welfare Analysis

15.

A New Look at Historical Monetary Policy and the Great Inflation through the Lens of a Persistence-Dependent Policy Rule

FRB of Cleveland Working Paper No. 18-14R
Number of pages: 55 Posted: 17 Oct 2018 Last Revised: 10 Oct 2019
Richard A. Ashley, Kwok Ping Tsang and Randal Verbrugge
Virginia Tech. - Department of Economics, Virginia Tech and Federal Reserve Bank of Cleveland
Downloads 70 (883,195)
Citation 1

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Taylor rule, Great Inflation, intermediate target, natural rate, persistence, dependence

Improving the Median CPI: Maximal Disaggregation Isn't Necessarily Optimal

FRB of Cleveland Working Paper No. 24-02R, https://doi.org/10.26509/frbc-wp-202402r
Number of pages: 69 Posted: 02 Apr 2025
Christian Garciga, Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 50 (1,095,444)

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inflation measurement, median CPI, trend inflation

Improving the Median CPI: Maximal Disaggregation Isn't Necessarily Optimal

FRB of Cleveland Working Paper No. 24-02R2, https://doi.org/10.26509/frbc-wp-202402r2
Number of pages: 51 Posted: 04 Feb 2026
Christian Garciga, Randal Verbrugge and Saeed Zaman
Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland and Federal Reserve Bank of Cleveland
Downloads 9 (1,614,412)

Abstract:

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inflation measurement, median CPI, trend inflation, disaggregates of inflation

17.

Sticky Rents: A Simple Implicit-Contracts Theory

FRB of Cleveland Working Paper No. 26-12, https://doi.org/10.26509/frbc-wp-202612
Number of pages: 35 Posted: 27 May 2026
Hugh Montag and Randal Verbrugge
Bureau of Labor Statistics and Federal Reserve Bank of Cleveland
Downloads 20 (1,509,872)

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Nonresponse Imputations and Related Measurement Issues in the CPI for Shelter

FRB of Cleveland Working Paper No. 26-13, https://doi.org/10.26509/frbc-wp-202613
Number of pages: 43 Posted: 28 May 2026
Lara Loewenstein, Hugh Montag and Randal Verbrugge
Federal Reserve Bank of Cleveland, Bureau of Labor Statistics and Federal Reserve Bank of Cleveland
Downloads 11 (1,614,412)

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inflation measurement, survey methodology, missing data, Imputations

Nonresponse Imputations and Related Measurement Issues in the CPI for Shelter

NBER Working Paper No. w35250
Number of pages: 43 Posted: 27 May 2026
Lara Loewenstein, Hugh Montag and Randal Verbrugge
Federal Reserve Bank of Cleveland, Bureau of Labor Statistics and Federal Reserve Bank of Cleveland
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