Randal Verbrugge is a senior research economist in the Research Department at the Federal Reserve Bank of Cleveland. He participates in the development of the Cleveland Reserve Bank’s forecasting models. His primary areas of research are inflation modeling and measurement, macroeconomics, and housing. He has conducted research on rent-setting, inflation dynamics, the housing bubble, and models featuring local interactions.
Prior to joining the Bank in 2013, Dr. Verbrugge was a senior research economist at the Bureau of Labor Statistics. He began his career as an assistant professor of economics at Virginia Tech in 1995, and also taught economics for many years at Georgetown University.
Dr. Verbrugge received a bachelor's degree in economics and political science from Calvin College, and received his MS in statistics and his MA and PhD in economics from Stanford University.