Economic Advisor and Economist
Research Department
Federal Reserve Bank of Philadelphia
Ten Independence Mall
Philadelphia, PA 19106
Email: leena.rudanko@gmail.com
Associate Editor
Review of Economic Dynamics
Publications
"Labor Market Dynamics under Long-Term Wage Contracting"
Journal of Monetary Economics, 56, 2 (March 2009)
Supplements: Online appendix
"Aggregate and Idiosyncratic Risk in a Frictional Labor Market"
American Economic Review, 101, 6 (October 2011)
Supplements: Online appendix, Mathematica-file on eigenvalue theorem
"Customer Capital" with Francois Gourio
Review of Economic Studies, 81, 3 (June 2014)
Supplements: Online appendix
"Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?" with Francois Gourio
American Economic Review, 104, 5 (May 2014)
"Unions in a Frictional Labor Market" with Per Krusell
Journal of Monetary Economics, 80 (June 2016)
Supplements: WP, Online appendix
"Relative Price Dispersion: Evidence and Theory" with Greg Kaplan, Guido Menzio and Nicholas Trachter
American Economic Journal: Microeconomics, 11, 3 (August 2019)
Supplements: WP, Online appendix
"Firm Wages in a Frictional Labor Market"
American Economic Journal: Macroeconomics, 15, 1 (January 2023)
Supplements: WP, Online appendix
Working Papers
"Price Setting with Customer Capital: Sales, Teasers, and Rigidity"
(first version: February 2021)
"Hiring Freezes and Asymmetric Adjustment in a Frictional Labor Market"
(first version: June 2023)
Supplements: WP, Slides
Older Unpublished Paper
"On the Implications of a Balanced Budget Rule - An Adaptive Learning Perspective" Licentiate Thesis, University of Helsinki, 2002
Other Writing
"The Value of Loyal Customers"
FRB Philadelphia Economic Insights 2017 Q2
"Is Rising Product Market Concentration a Concerning Sign of Growing Monopoly Power?"
FRB Philadelphia Economic Insights 2021 Q2
Discussions
Alder, Lagakos, Ohanian at NBER EFG meeting, San Francisco
Shi at Search and Matching Workshop, Philadelphia
Bethune, Choi, Wright at Money, Banking and Asset Markets Conference, Madison
Kaas, Kimasa at NBER Macroeconomic Perspectives meeting, Minneapolis
Dou, Ji, Reibstein, Wu at AFA meeting, Philadelphia
Shi at Conference on Advances in Frictional Markets, Princeton
Birinci, Karahan, Mercan, See at FRB SF Macroeconomics and Monetary Policy Conference
Dinlersoz, Goldschlag, Yorukoglu, Zolas at NBER Growth meeting, Cambridge
Disclaimer: The contents of this page do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System.