Details about Marianna Kudlyak

Access statistics for papers by Marianna Kudlyak.

Last updated 2024-11-08. Update your information in the RePEc Author Service.

Short-id: pku210

Working Papers

2025

1. Why Firms Lay Off Workers Instead of Cutting Wages: Evidence From Linked Survey-administrative Data
   Working Papers, Copenhagen Business School, Department of Economics
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2025)

2024

2. House price responses to monetary policy surprises: evidence from US listings data
   BIS Working Papers, Bank for International Settlements
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   Staff Working Papers, Bank of Canada (2022) View citations (7)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2022) View citations (6)
   Working Paper Series, Federal Reserve Bank of San Francisco (2022) View citations (5)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
3. How Cyclical Is the User Cost of Labor?
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2024)
   See also Journal Article How Cyclical Is the User Cost of Labor?, Journal of Economic Perspectives, American Economic Association (2024) (2024)
4. Pandemic Layoffs and the Role of Stay-At-Home Orders
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2024)
   See also Journal Article Pandemic layoffs and the role of stay-at-home orders, Economics Letters, Elsevier (2024) (2024)

2023

5. The Active Role of the Natural Rate of Unemployment
   NBER Working Papers, National Bureau of Economic Research, Inc
6. The Active Role of the Natural Rate of Unemployment during Cyclical Recoveries
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2023)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2023)
7. The Quality-Adjusted Cyclical Price of Labor
   IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
   Working Paper Series, Federal Reserve Bank of San Francisco (2023) View citations (1)
   See also Journal Article The Quality-Adjusted Cyclical Price of Labor, Journal of Labor Economics, University of Chicago Press (2023) View citations (1) (2023)
   Chapter The Quality-Adjusted Cyclical Price of Labor, NBER Chapters, National Bureau of Economic Research, Inc (2021) (2021)

2022

8. Dynastic Home Equity
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2022)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2022) View citations (1)
9. Heterogeneous Effects of Monetary Policy across Income and Race: the Labour Mobility Channel
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
10. Minimum Wage Increases and Vacancies
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (5)
    Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2022) View citations (4)
    Working Papers, Federal Reserve Bank of Cleveland (2022) View citations (3)
    Working Paper Series, Federal Reserve Bank of San Francisco (2022) View citations (1)
    Research Working Paper, Federal Reserve Bank of Kansas City (2020)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
11. Regional Consumption Responses and the Aggregate Fiscal Multiplier
    Working Papers, Federal Reserve Bank of St. Louis View citations (19)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2018) View citations (19)
    Working Paper, Federal Reserve Bank of Richmond (2018) View citations (23)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2022) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    See also Journal Article Regional Consumption Responses and the Aggregate Fiscal Multiplier, The Review of Economic Studies, Review of Economic Studies Ltd (2023) (2023)
12. The Effect of the War on Human Capital in Ukraine and the Path for Rebuilding
    IZA Policy Papers, Institute of Labor Economics (IZA) View citations (3)
13. The Inexorable Recoveries of Unemployment
    IZA Discussion Papers, Institute of Labor Economics (IZA)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) View citations (2)
    Working Paper Series, Federal Reserve Bank of San Francisco (2021)
    See also Journal Article The inexorable recoveries of unemployment, Journal of Monetary Economics, Elsevier (2022) (2022)
14. The Labor Market in Ukraine: Rebuild Better
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IZA Policy Papers, Institute of Labor Economics (IZA) (2022)
15. The Unemployed with Jobs and without Jobs
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (19)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    Working Paper Series, Federal Reserve Bank of San Francisco (2021) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (22)
    See also Journal Article The unemployed with jobs and without jobs, Labour Economics, Elsevier (2022) View citations (8) (2022)

2021

16. Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2021) View citations (1)
    Working Paper Series, Federal Reserve Bank of San Francisco (2021)
17. Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (9)
    Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (2)
    See also Journal Article Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, NBER Macroeconomics Annual, University of Chicago Press (2022) View citations (1) (2022)
    Chapter Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, NBER Chapters, National Bureau of Economic Research, Inc (2021) View citations (2) (2021)

2020

18. Greater Inequality and Household Borrowing: New Evidence from Household Data
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (23)
    See also Journal Article Greater Inequality and Household Borrowing: New Evidence from Household Data, Journal of the European Economic Association, European Economic Association (2020) View citations (24) (2020)
19. Job-Finding and Job-Losing: A Comprehensive Model of Heterogeneous Individual Labor-Market Dynamics
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (35)
20. Why Is Current Unemployment So Low?
    Working Paper Series, Federal Reserve Bank of San Francisco

2019

21. Aggregate Labor Force Participation and Unemployment and Demographic Trends
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    Also in Working Paper, Federal Reserve Bank of Richmond (2019) View citations (8)
22. Skill Mismatch Unemployment
    2019 Meeting Papers, Society for Economic Dynamics

2018

23. Measuring Heterogeneity in Job Finding Rates among the Non-Employed Using Labor Force Status Histories
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2014) View citations (18)
    Working Paper, Federal Reserve Bank of Richmond (2014) View citations (9)

2017

24. Estimating Matching Efficiency with Variable Search Effort
    2017 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (6)
    Working Paper, Federal Reserve Bank of Richmond (2016) View citations (10)
25. Generalized Matching Functions and Resource Utilization Indices for the Labor Market
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Generalized Matching Functions and Resource Utilization Indices for the Labor Market, Economic Quarterly, Federal Reserve Bank of Richmond (2016) (2016)
26. The Effect of the Recovery Act on Consumer Spending
    2017 Meeting Papers, Society for Economic Dynamics

2016

27. Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2014) View citations (58)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (60)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (60)
    Working Paper, Federal Reserve Bank of Richmond (2014) View citations (40)
28. Government Spending and Consumption at the Zero Lower Bound: Evidence from Household Retail Purchase Data
    2016 Meeting Papers, Society for Economic Dynamics
29. Intergenerational Linkages in Household Credit
    Working Paper Series, Federal Reserve Bank of San Francisco
    Also in Working Paper, Federal Reserve Bank of Richmond (2015)
30. Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2016) View citations (6)
31. Revisiting the Behavior of Small and Large Firms during the 2008 Financial Crisis
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Revisiting the behavior of small and large firms during the 2008 financial crisis, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (39) (2017)
32. The Intensity of Job Search and Search Duration
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2014) View citations (14)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (26)
    See also Journal Article The Intensity of Job Search and Search Duration, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (45) (2019)

2013

33. Are young borrowers bad borrowers? Evidence from the Credit CARD Act of 2009
    Working Paper, Federal Reserve Bank of Richmond View citations (3)
34. Productivity insurance: the role of unemployment benefits in a multi-sector model
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article Productivity insurance: The role of unemployment benefits in a multi-sector model, Journal of Economic Dynamics and Control, Elsevier (2014) (2014)
35. Sorting by Skill over the Course of Job Search
    2013 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper, Federal Reserve Bank of Richmond (2012) View citations (4)
    Working Papers, Concordia University, Department of Economics (2012) View citations (4)

2012

36. Accounting for unemployment in the Great Recession: nonparticipation matters
    Working Paper, Federal Reserve Bank of Richmond View citations (17)

2011

37. The cyclicality of the user cost of labor with search and matching
    Working Paper, Federal Reserve Bank of Richmond View citations (14)

2010

38. Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States
    2010 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2010) View citations (32)
39. The cyclical price of labor when wages are smoothed
    Working Paper, Federal Reserve Bank of Richmond View citations (4)

Journal Articles

2024

1. Consumer and Firm Perceptions of the Aggregate Labor Market Conditions
   FRBSF Economic Letter, 2024, 2024, (28), 20
2. How Aware Is the Public of Labor Market Conditions?
   FRBSF Economic Letter, 2024, 2024, (25), 6
3. How Cyclical Is the User Cost of Labor?
   Journal of Economic Perspectives, 2024, 38, (2), 159-80
   See also Working Paper How Cyclical Is the User Cost of Labor?, Working Paper Series (2024) (2024)
4. Job Vacancies and Firms’ Labor Market Perceptions
   FRBSF Economic Letter, 2024, 2024, (26), 5
5. Pandemic layoffs and the role of stay-at-home orders
   Economics Letters, 2024, 242, (C)
   See also Working Paper Pandemic Layoffs and the Role of Stay-At-Home Orders, Working Paper Series (2024) (2024)

2023

6. House Prices Respond Promptly to Monetary Policy Surprises
   FRBSF Economic Letter, 2023, 2023, (09), 5 View citations (1)
7. How Far Is Labor Force Participation from Its Trend?
   FRBSF Economic Letter, 2023, 2023, (20), 5 View citations (1)
8. Regional Consumption Responses and the Aggregate Fiscal Multiplier
   The Review of Economic Studies, 2023, 90, (6), 2982-3021
   See also Working Paper Regional Consumption Responses and the Aggregate Fiscal Multiplier, Working Papers (2022) View citations (19) (2022)
9. The Quality-Adjusted Cyclical Price of Labor
   Journal of Labor Economics, 2023, 41, (S1), S13 - S59 View citations (1)
   See also Working Paper The Quality-Adjusted Cyclical Price of Labor, IZA Discussion Papers (2023) View citations (1) (2023)
   Chapter The Quality-Adjusted Cyclical Price of Labor, NBER Chapters, 2021, 13-59 (2021) (2021)

2022

10. Passing Along Housing Wealth from Parents to Children
    FRBSF Economic Letter, 2022, 2022, (32), 6
11. The Pandemic's Impact on Unemployment and Labor Force Participation Trends
    Richmond Fed Economic Brief, 2022, 22, (12)
    Also in Richmond Fed Economic Brief, 2022, 22, (12) (2022)
12. The inexorable recoveries of unemployment
    Journal of Monetary Economics, 2022, 131, (C), 15-25
    See also Working Paper The Inexorable Recoveries of Unemployment, IZA Discussion Papers (2022) (2022)
13. The unemployed with jobs and without jobs
    Labour Economics, 2022, 79, (C) View citations (8)
    See also Working Paper The Unemployed with Jobs and without Jobs, IZA Discussion Papers (2022) View citations (19) (2022)
14. Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
    NBER Macroeconomics Annual, 2022, 36, (1), 1 - 55 View citations (1)
    See also Chapter Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, NBER Chapters, 2021, 1-55 (2021) View citations (2) (2021)
    Working Paper Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, CEPR Discussion Papers (2021) View citations (2) (2021)

2021

15. Comparing Pandemic Unemployment to Past U.S. Recoveries
    FRBSF Economic Letter, 2021, 2021, (33), 05 View citations (2)

2020

16. Greater Inequality and Household Borrowing: New Evidence from Household Data
    Journal of the European Economic Association, 2020, 18, (6), 2922-2971 View citations (24)
    See also Working Paper Greater Inequality and Household Borrowing: New Evidence from Household Data, Department of Economics, Working Paper Series (2020) View citations (23) (2020)
17. Temporary Layoffs and Unemployment in the Pandemic
    FRBSF Economic Letter, 2020, 2020, (34), 01-05 View citations (5)
18. Who from Out of the Labor Force Is Most Likely to Find a Job?
    FRBSF Economic Letter, 2020, 2020, (02), 05
19. Why Is Unemployment Currently So Low?
    FRBSF Economic Letter, 2020, 2020, (06), 05

2019

20. Involuntary Part-Time Work a Decade after the Recession
    FRBSF Economic Letter, 2019 View citations (1)
21. Projecting Unemployment and Demographic Trends
    Richmond Fed Economic Brief, 2019, (September)
22. The Intensity of Job Search and Search Duration
    American Economic Journal: Macroeconomics, 2019, 11, (3), 327-57 View citations (45)
    See also Working Paper The Intensity of Job Search and Search Duration, Working Paper Series (2016) View citations (3) (2016)

2018

23. Estimating Aggregate Fiscal Multipliers from Local Data
    Richmond Fed Economic Brief, 2018, (May)
24. How Futures Trading Changed Bitcoin Prices
    FRBSF Economic Letter, 2018 View citations (28)
25. How Much Consumption Responds to Government Stimulus
    FRBSF Economic Letter, 2018
26. The Labor Force Participation Rate Trend and Its Projections
    FRBSF Economic Letter, 2018 View citations (4)

2017

27. How Much Has Job Matching Efficiency Declined?
    FRBSF Economic Letter, 2017 View citations (1)
28. Measuring Labor Utilization: The Non-Employment Index
    FRBSF Economic Letter, 2017 View citations (2)
29. Revisiting the behavior of small and large firms during the 2008 financial crisis
    Journal of Economic Dynamics and Control, 2017, 77, (C), 48-69 View citations (39)
    See also Working Paper Revisiting the Behavior of Small and Large Firms during the 2008 Financial Crisis, Working Paper Series (2016) (2016)

2016

30. Generalized Matching Functions and Resource Utilization Indices for the Labor Market
    Economic Quarterly, 2016, (2Q), 105-126
    See also Working Paper Generalized Matching Functions and Resource Utilization Indices for the Labor Market, Working Paper Series (2017) (2017)
31. Labor Indicators: Some of Today's Trends Pre-Date the Great Recession
    The Regional Economist, 2016, (Jan)
32. The CARD Act and Young Borrowers: The Effects and the Affected
    Journal of Money, Credit and Banking, 2016, 48, (7), 1495-1513 View citations (18)
33. What Does Online Job Search Tell Us about the Labor Market?
    Economic Perspectives, 2016, (1), 1-15 View citations (20)

2015

34. Aging and the Economy: The Japanese Experience
    The Regional Economist, 2015, (Oct) View citations (3)
35. How Should the Fed Interpret Slow Wage Growth?
    Richmond Fed Economic Brief, 2015, (February) View citations (2)
36. What We Know About Wage Adjustment During the 2007-09 Recession and Its Aftermath
    Economic Quarterly, 2015, (3Q), 225-244 View citations (5)
37. Why Are Women Leaving the Labor Force?
    Richmond Fed Economic Brief, 2015, (Nov)
38. Youth Labor Force Participation Continues To Fall, but It Might Be for a Good Reason
    The Regional Economist, 2015, (Jan) View citations (4)

2014

39. Does the Unemployment Rate Really Overstate Labor Market Recovery?
    Richmond Fed Economic Brief, 2014, (June) View citations (4)
40. Flows To and From Working Part Time for Economic Reasons and the Labor Market Aggregates During and After the 2007-09 Recession
    Economic Quarterly, 2014, (2Q), 87-111 View citations (25)
41. Is involuntary part-time employment different after the great recession?
    The Regional Economist, 2014 View citations (3)
42. Measuring Resource Utilization in the Labor Market
    Economic Quarterly, 2014, (1Q), 1-21 View citations (45)
43. Not everyone who joins the ranks of the employed was \\"unemployed\\"
    The Regional Economist, 2014 View citations (2)
44. Productivity insurance: The role of unemployment benefits in a multi-sector model
    Journal of Economic Dynamics and Control, 2014, 47, (C), 39-53
    See also Working Paper Productivity insurance: the role of unemployment benefits in a multi-sector model, Working Paper (2013) (2013)
45. The cyclicality of the user cost of labor
    Journal of Monetary Economics, 2014, 68, (C), 53-67 View citations (68)

2013

46. A Cohort Model of Labor Force Participation
    Economic Quarterly, 2013, (1Q), 25-43 View citations (17)
47. A closer look at the decline in the labor force participation rate
    The Regional Economist, 2013, (October) View citations (8)
48. How Risky Are Young Borrowers?
    Richmond Fed Economic Brief, 2013, (Dec)
49. Job search behavior: lessons from online job search
    Richmond Fed Economic Brief, 2013, (Apr), 1-4

2012

50. Housing services price inflation
    Economic Quarterly, 2012, 98, (3Q), 185-207
51. The increased role of flows between nonparticipation and unemployment during the Great Recession and recovery
    Richmond Fed Economic Brief, 2012, (Jun) View citations (2)

2011

52. Accounting for the non-employment of U.S. men, 1968-2010
    Economic Quarterly, 2011, 97, (4Q), 359-387
53. Recourse and Residential Mortgage Default: Evidence from US States 1
    The Review of Financial Studies, 2011, 24, (9), 3139-3186 View citations (218)

2010

54. Are wages rigid over the business cycle?
    Economic Quarterly, 2010, 96, (2Q), 179-199 View citations (4)
55. Comparing labor markets across recessions: a focus on the age composition of the population
    Richmond Fed Economic Brief, 2010, (Apr)
56. The responses of small and large firms to tight credit shocks: the case of 2008 through the lens of Gertler and Gilchrist (1994)
    Richmond Fed Economic Brief, 2010, (Oct) View citations (2)

2009

57. Deterring default: why some state laws decrease the probability of mortgage foreclosures
    Richmond Fed Economic Brief, 2009, (Sep)

Chapters

2021

1. The Quality-Adjusted Cyclical Price of Labor
   A chapter in Wage Dynamics in the 21st Century, 2021, pp 13-59
   See also Working Paper The Quality-Adjusted Cyclical Price of Labor, Institute of Labor Economics (IZA) (2023) View citations (1) (2023)
   Journal Article The Quality-Adjusted Cyclical Price of Labor, University of Chicago Press (2023) View citations (1) (2023)
2. Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
   A chapter in NBER Macroeconomics Annual 2021, volume 36, 2021, pp 1-55 View citations (2)
   See also Journal Article Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, University of Chicago Press (2022) View citations (1) (2022)
   Working Paper Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?, C.E.P.R. Discussion Papers (2021) View citations (2) (2021)