Marianna Kudlyak
Research Advisor
Macroeconomic Research
Macroeconomics, Macrolabor, Consumer finance
CV (pdf, 234.01 kb)
Profiles: Google Scholar | RePEc | Personal website
Working Papers
The Active Role of the Natural Rate of Unemployment during Cyclical Recoveries
2023-33 | with Hall | November 2023
abstract (+)House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data
2022-16 | with Gorea and Kryvtsov | August 2022
abstract (+)Dynastic Home Equity
2022-13 | with Benetton and Mondragon | July 2022
abstract (+)Minimum Wage Increases and Vacancies
2022-10 | with Tasci and Tuzemen | January 2023
abstract (+)Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk
2021-16 | with Faia and Shabalina | June 2021
abstract (+)Why Is Current Unemployment So Low?
2020-05 | with Hornstein | February 2020
abstract (+)Aggregate Labor Force Participation and Unemployment and Demographic Trends
2019-07 | with Hornstein | February 2019
abstract (+)Job-Finding and Job-Losing: A Comprehensive Model of Heterogeneous Individual Labor-Market Dynamics
2019-05 | with Hall | January 2020
abstract (+)Measuring Heterogeneity in Job Finding Rates among the Non-Employed Using Labor Force Status Histories
2017-20 | with Lange | January 2018
abstract (+)Generalized Matching Functions and Resource Utilization Indices for the Labor Market
2017-05 | with Hornstein | February 2017
abstract (+)Intergenerational Linkages in Household Credit
2016-31 | with Ghent | December 2016
abstract (+)Estimating Matching Efficiency with Variable Search Effort
2016-24 | with Hornstein | December 2016
abstract (+)Systematic Job Search: New Evidence from Individual Job Application Data (Revised September 2014)
FRB Richmond 12-03R | with Lkhagvasuren and Sysuyev | April 2012
abstract (+)The Cyclical Price of Labor When Wages Are Smoothed
FRB Richmond 10-13 | August 2010
abstract (+)A New Measure of Resource Utilization in the Labor Market
Manuscript | with Lange and Hornstein | April 2014
Published Articles (Refereed Journals and Volumes)
The Quality-Adjusted Cyclical Price of Labor
Forthcoming in Journal of Labor Economics | with Bils and Lins
abstract (+)Regional Consumption Responses and the Aggregate Fiscal Multiplier
Review of Economic Studies, April 2023 | with Dupor, Karabarbounis, and Mehkari
abstract (+)The Inexorable Recoveries of Unemployment
Journal of Monetary Economics 131, October 2022, 15-25 | with Hall
abstract (+)The Unemployed with Jobs and without Jobs
Labour Economics 79, September 2022 | with Hall
abstract (+)The Humanitarian Cost of War on Ukraine and the Path for Rebuilding
CEPR Policy Insight Report 117, 2022, 1-12 | with Gorodnichenko and Şahin
abstract (+)Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years? 2020-20 | With Hall | June 2021
In NBER Macroeconomic Annual, 36 | University of Chicago Press for NBER, 2022 | with Hall
abstract (+)The Labour Market in Ukraine: Rebuild Better
In Chapter 10 in Rebuilding Ukraine: Principles and Policies, ed. by Gorodnichenko, Yuriy, Ilona Sologoub, and Beatrice Weder di Mauro | CEPR Press, London, 2022 | with Boeri, Anastasia, and Zholud
abstract (+)What Do Recoveries from Past US Recessions Teach Us about the Recovery from the Pandemic Recession?
VoxEU, 2020 | with Hall
abstract (+)Greater Inequality and Household Borrowing: New Evidence from Household Data
Journal of European Economic Association, January 2020 | with Coibion, Gorodnichenko, and Mondragon
abstract (+)The Intensity of Job Search and Search Duration
American Economic Journal: Macroeconomics 11(3), July 2019, 327-357 | with Faberman
abstract (+)Revisiting the Behavior of Small and Large Firms during the 2008 Financial Crisis
Journal of Economic Dynamics and Control 77(in progress), April 2017, 48-69 | with Sanchez
abstract (+)Hornstein-Kudlyak-Lange Non-Employment Index
Data update web page, Federal Reserve Bank of Richmond, November 2016 | with Hornstein and Lange
What Does Online Job Search Tell Us about the Labor Market?
FRB Chicago Economic Perspectives 40(1) , May 2016 | with Faberman
abstract (+)What We Know About Real Wage Adjustment during the 2007-09 Recession and Its Aftermath
FRB Richmond Economic Quarterly 101(3), May 2016, 225-244
abstract (+)The CARD Act and Young Borrowers: The Effects and the Affected
Journal of Money, Credit and Banking 48(7), 2016, 1495-1513 | with Debbaut and Ghent
abstract (+)Aging and the Economy: The Japanese Experience
The Regional Economist, October 2015, 12-13 | with Reed and Canon
What We Know About Wage Adjustment during the 2007-09 Recession and Its Aftermath
FRB Richmond Economic Quarterly 101(3), Q3 2015, 225-244
abstract (+)The Cyclicality of the User Cost of Labor
Journal of Monetary Economics 68, November 2014, 53-67
abstract (+)Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model
Journal of Economic Dynamics and Control 47, October 2014, 39-53 | with Fuller and Lkhagvasuren
abstract (+)Flows To and From Working Part Time for Economic Reasons and the Labor Market Aggregates During and After the 2007-09 Recession
FRB Richmond Economic Quarterly 100(2), Q2 2014, 87-111 | with Canon, Luo, and Reed
abstract (+)Measuring Resource Utilization in the Labor Market
FRB Richmond Economic Quarterly 100(1), Q1 2014, 1-21 | with Hornstein and Lange
abstract (+)A Cohort Model of Labor Force Participation
FRB Richmond Economic Quarterly 99(1), Q1 2013, 25-43
abstract (+)Housing Services Price Inflation
FRB Richmond Economic Quarterly 98(3), Q3 2012, 185-207
abstract (+)Accounting for the Non-Employment of U.S. Men, 1968-2010
FRB Richmond Economic Quarterly 97(4), Q4 2011, 359-387 | with Lubik and Tompkins
abstract (+)Recourse and Residential Mortgage Default: Evidence from U.S. States
Review of Financial Studies 20 (9), September 2011, 3139-3186 | with Ghent
abstract (+)Are Wages Rigid Over the Business Cycle?
FRB Richmond Economic Quarterly 96(2), Q2 2010, 179-199
abstract (+)Books
The Labor Market in Ukraine: Rebuild Better
2022 | in “Rebuilding Ukraine: Principles and Policies”, Yuriy Gorodnichenko, Ilona Sologoub, Beatrice Weder di Mauro (eds), CEPR Press, London | Anastasia • Boeri • Kudlyak • Zholud
FRBSF Publications
How Far Is Labor Force Participation from Its Trend?
Economic Letter 2023-20 | August 14, 2023 | with Hornstein, Meisenbacher, and Ramachandran
House Prices Respond Promptly to Monetary Policy Surprises
Economic Letter 2023-09 | March 27, 2023 | with Gorea, Kmetz, Kryvtsov, and Ochse
Passing Along Housing Wealth from Parents to Children
Economic Letter 2022-32 | November 21, 2022 | with Benetton, L. Liu, Mondragon, and Ochse
Comparing Pandemic Unemployment to Past U.S. Recoveries
Economic Letter 2021-33 | November 29, 2021 | with Hall
Temporary Layoffs and Unemployment in the Pandemic
Economic Letter 2020-34 | November 16, 2020 | with Wolcott, Ochse, and Kouchekinia
Why Is Unemployment Currently So Low?
Economic Letter 2020-06 | March 2, 2020 | with Ochse
Who from Out of the Labor Force Is Most Likely to Find a Job?
Economic Letter 2020-02 | January 13, 2020
Involuntary Part-Time Work a Decade after the Recession
Economic Letter 2019-30 | November 25, 2019
The Labor Force Participation Rate Trend and Its Projections
Economic Letter 2018-25 | November 19, 2018 | with Hornstein and Schweinert
How Futures Trading Changed Bitcoin Prices
Economic Letter 2018-12 | May 7, 2018 | with Hale, Krishnamurthy, and Shultz
How Much Consumption Responds to Government Stimulus
Economic Letter 2018-11 | April 16, 2018 | with Karabarbounis and Mehkari
How Much Has Job Matching Efficiency Declined?
Economic Letter 2017-25 | August 28, 2017 | with Hornstein
Measuring Labor Utilization: The Non-Employment Index
Economic Letter 2017-08 | March 27, 2017