Eric Fortier

PhD Candidate in Economics

Department of Economics · Simon Fraser University · Burnaby, BC

On the 2026–27 economics job market.

About

I am a PhD candidate in Economics at Simon Fraser University, working under the supervision of Prof. Luba Petersen. My research is in applied macroeconomics and monetary economics, focused on estimating the dynamic effects of monetary policy using local projections. I am fully bilingual in English and French.

My dissertation examines (i) how specification choices affect impulse-response estimates in local projections, (ii) whether the transmission of US monetary policy varies over the business cycle, and (iii) which transmission channels matter most for the response of inflation to monetary policy shocks.

Prior to my PhD, I worked as a business analyst in the Government of Canada and in the private sector. I work primarily in R, Python, and Stata, and typeset in LaTeX.

Job market paper

State-Dependent and Asymmetric Effects of US Monetary Policy

Preliminary draft, October 2026 · Draft available on request

This paper examines the transmission of US monetary policy over the business cycle. Using monthly data from January 1988 to February 2020, I combine high-frequency monetary policy shocks with parametric and semiparametric state-dependent local projections. The semiparametric specification corrects for potential bias arising when the economic state is endogenous to the shock. The results show that monetary policy shocks have a more immediate effect on output and inflation during periods of low economic growth than during periods of high growth. The semiparametric point estimates also provide suggestive evidence of sign asymmetry, with contractionary shocks generally having larger effects on macroeconomic variables than expansionary shocks.

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References

© 2026 Eric Fortier