Staff Economists

Marianna Kudlyak (on leave)

headshot of Marianna Kudlyak

I am a macroeconomist with research interests in labor markets and consumer finance.

Professional Experience

Marianna Kudlyak joined the Richmond Fed as an economist in August 2008. Currently, Kudlyak is on leave at the University of California, Berkeley.


Ph.D., University of Rochester, 2009
M.A., University of Rochester, 2005
M.A., Economic Education and Research Consortium (EERC), Kyiv Mohyla Academy (Ukraine), 2002
Diploma, Lviv Polytechnic National University (Ukraine), 2000
B.A., Lviv Polytechnic National University (Ukraine), 1999

Curriculum vitae
Personal webpage

"The CARD Act and Young Borrowers: The Effects and the Affected" (with Peter Debbaut and Andra Ghent). Journal of Money, Credit and Banking (forthcoming).

"The Cyclicality of the User Cost of Labor. Journal of Monetary Economics 68 (November 2014): 53-67.

"Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model" (with David Fuller and Damba Lkhagvasuren). Journal of Economic Dynamics and Control 47 (October 2014): 39-53.

"Recourse and Residential Mortgage Default: Evidence from U.S. States" (with Andra Ghent). Review of Financial Studies 24, no. 9 (September 2011): 3139-3186.

November 2015, No. 15-14

Intergenerational Linkages in Household Credit

Marianna Kudlyak and Andra C. Ghent

May 2014, No. 14-12R

The Intensity of Job Search and Search Duration (Revised February 2016)

Marianna Kudlyak and R. Jason Faberman

January 2014, No. 14-01

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Marianna Kudlyak, Yuriy Gorodnichenko, Olivier Coibion and John Mondragon

August 2013, No. 13-11

Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model

Marianna Kudlyak, David L. Fuller and Damba Lkhagvasuren

August 2013, No. 13-09R

Are Young Borrowers Bad Borrowers? (Revised June 2014)

Marianna Kudlyak, Andra C. Ghent and Peter Debbaut

April 2012, No. 12-03R

Systematic Job Search: New Evidence from Individual Job Application Data (Revised September 2014)

Marianna Kudlyak, Damba Lkhagvasuren and Roman Sysuyev

August 2010, No. 10-13

The Cyclical Price of Labor When Wages Are Smoothed

Marianna Kudlyak

September 2009, No. 09-12R

The Cyclicality of the User Cost of Labor (Revised: March 2013)

Marianna Kudlyak

First Quarter 2014

Measuring Resource Utilization in the Labor Market

Marianna Kudlyak, Andreas Hornstein and Fabian Lange

First Quarter 2013

A Cohort Model of Labor Force Participation

Marianna Kudlyak

Third Quarter 2012

Housing Services Price Inflation

Marianna Kudlyak

Fourth Quarter 2011

Accounting for the Non-Employment of U.S. Men, 1968-2010

Marianna Kudlyak, Thomas A. Lubik and Jonathan Tompkins

Second Quarter 2010

Are Wages Rigid Over the Business Cycle?

Marianna Kudlyak

November 2015, No. 15-11

Why Are Women Leaving the Labor Force?

Marianna Kudlyak, Helen Fessenden and Maria E. Canon

February 2015, No. 15-02

How Should the Fed Interpret Slow Wage Growth?

Marianna Kudlyak, Thomas A. Lubik and Karl Rhodes

June 2014, No. 14-06

Does the Unemployment Rate Really Overstate Labor Market Recovery?

Marianna Kudlyak, Andreas Hornstein, Fabian Lange and Tim Sablik

December 2013, No. 13-12

How Risky Are Young Borrowers?

Marianna Kudlyak, Andra C. Ghent, Peter Debbaut and Jessie Romero

April 2013, No. 13-04

Job Search Behavior: Lessons from Online Job Search

Marianna Kudlyak and Jessie Romero

April 2010, No. 10-04

Comparing Labor Markets across Recessions

Marianna Kudlyak, Devin Reilly and Stephen Slivinski

September 2009, No. 09-09

Deterring Default: Why Some State Laws Decrease the Probability of Mortgage Foreclosures

Marianna Kudlyak, Andra C. Ghent and Stephen Slivinski

"A New Measure of Resource Utilization in the Labor Market" (joint with Andreas Hornstein and Fabian Lange), April 2014.

"Labor Indicators: Some of Today's Trends Pre-Date the Great Recession" (with Juan M. Sánchez). The Regional Economist, January 2016, pp. 5-9.

"Aging and the Economy: The Japanese Experience" (with Maria Canon and Marisa Reed). The Regional Economist, October 2015, pp. 12-13.

"Youth Labor Force Participation Continues To Fall, But It Might Be for a Good Reason" (with Maria Canon and Yang Liu). The Regional Economist, January 2015, pp. 12-13.

"Is Involuntary Part-Time Employment Different after the Great Recession?" (with Maria Canon and Marisa Reed). The Regional Economist, July 2014, pp. 12-13.

"Not Everyone Who Joins the Ranks of the Employed Was 'Unemployed'" (with Maria Canon and Marisa Reed). The Regional Economist, January 2014, pp. 14-16.

"A Closer Look at the Decline in the Labor Force Participation Rate" (with Maria Canon and Peter Debbaut). The Regional Economist, October 2013, pp. 10-11.

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Marianna Kudlyak