Émilien Gouin-Bonenfant

Émilien Gouin-Bonenfant

Associate Professor, HEC Montréal

3000 Côte-Sainte-Catherine, Montréal — office 4.146
emilien.gouin-bonenfant@hec.ca

I am an Associate Professor at HEC Montréal in the Department of Applied Economics. Before that, I was an Assistant Professor of Economics at Columbia University (2019–2026) and a graduate student at UCSD (2014–2019), where I obtained a Ph.D. in Economics.

My research interests lie at the intersection of macro, labor, and finance. In ongoing work, I quantify the welfare effects of macroeconomic shocks (saving glut, tariffs, AI), with an emphasis on redistribution between workers and asset owners.

Working Papers

July 2026
October 2025
AEJ: Macroeconomics — Conditionally accepted

Published Papers

Journal of Political Economy — November 2025
NASDAQ award for the best paper on asset pricing (WFA 2024)
Supported by NSF grant SES-2117398
Econometrica — January 2024
Previously titled “A Q-Theory of Inequality”
Supported by NSF grant SES-2117398