M
Marianna Kudlyak
Researcher at Federal Reserve Bank of San Francisco
Publications - 95
Citations - 1459
Marianna Kudlyak is an academic researcher from Federal Reserve Bank of San Francisco. The author has contributed to research in topics: Unemployment & Recession. The author has an hindex of 17, co-authored 89 publications receiving 1270 citations. Previous affiliations of Marianna Kudlyak include Federal Reserve System & Institute for the Study of Labor.
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Recourse and residential mortgage default: Evidence from US states
Andra C. Ghent,Marianna Kudlyak +1 more
TL;DR: In this article, the authors quantify the effect of recourse on default and find that recourse affects default by lowering the borrower's sensitivity to negative equity, and that defaults are more likely to occur through a lender-friendly procedure, such as a deed in lieu, in states that allow deficiency judgments.
Journal ArticleDOI
Recourse and Residential Mortgage Default: Evidence from U.S. States
Andra C. Ghent,Marianna Kudlyak +1 more
TL;DR: In this paper, the authors quantify the effect of recourse on default and find that recourse affects default through lowering the borrower's sensitivity to negative equity, and that defaults are more likely to occur through a lender-friendly procedure, such as a deed in lieu.
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Recourse and residential mortgage default: theory and evidence from U.S. states
Andra C. Ghent,Marianna Kudlyak +1 more
TL;DR: In this paper, the authors analyze the impact of lender recourse on mortgage defaults theoretically and empirically across US states and study the effect of state laws regarding deficiency judgments in a model where lenders can use the threat of a deficiency judgment to deter default or to shorten the default process.
Posted Content
The cyclicality of the user cost of labor with search and matching
TL;DR: In this article, the authors show that the search and matching model cannot simultaneously generate the empirical elasticities of the vacancy-unemployment ratio and of the user cost of labor, irrespectively of the surplus division rule.
Journal ArticleDOI
Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
Olivier Coibion,Yuriy Gorodnichenko,Yuriy Gorodnichenko,Yuriy Gorodnichenko,Marianna Kudlyak,John Mondragon +5 more
TL;DR: The authors showed that low-income households in high-inequality regions accumulated less debt relative to income than their counterparts in lower-inquality regions, which negates the hypothesis that low income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higher income households.