ECONOMIST · MACROECONOMICS · QUANTITATIVE ECONOMICS

Sebastián Fernández Rivera


Economist - RoME Master's Student at EIEF & LUISS - Research Assistant at LSE.

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SEBASTIÁN FERNÁNDEZ RIVERA · 2026

I — ABOUT

I recently graduated with a B.A. (Honors) in Economics from the University of Costa Rica (UCR). To strengthen my quantitative background, I also completed advanced coursework—including measure theory, functional analysis, and abstract algebra—toward a B.A. in Mathematics. My core research interests lie in Quantitative Economics, Macroeconomics, and Monetary Economics. Currently, I work as a Research Assistant under the mentorship of Dr. Jose P. Vasquez and Dr. Isabela Manelici (LSE), primarily contributing on the project Responsible Sourcing? Evidence from Costa Rica (Revise and Resubmit at the American Economic Review). Through July 2026, I also taught introductory economics courses as a Lecturer at the UCR Department of Economics.

I am now a student in the RoME Master in Economics, a rigorous two-year graduate program jointly run by the Einaudi Institute for Economics and Finance (EIEF) and LUISS Guido Carli University in Rome. The program is known for its small cohorts, intense tutoring, and a curriculum built around advanced quantitative methods applied to policy-relevant questions.

My research utilizes structural modeling and time-series techniques to analyze inflation dynamics and monetary policy in small open economies. Driven by a desire to push the boundaries of these analytical frameworks, my ultimate goal in quantitative economics is to shift from applied analysis to methodological development, creating the mathematical tools necessary to structurally estimate novel and increasingly complex macroeconomic models.

Recently, I was awarded first place in the 2024 Latin American Reserve Fund (FLAR) Research Contest. My winning paper, “Supply Shocks, Monetary Policy and Foreign Investment: The Costa Rican Case”, investigates Costa Rica’s atypical experience of accelerated growth and deflation following global supply shocks. Using a New Keynesian Growth Model, I demonstrate that the interplay between foreign investment attraction and nearshoring was a key driver of this outcome.


SELECTED WORK · FLAR 2024 · FIRST PLACE

Supply Shocks, Monetary Policy and Foreign Investment: The Costa Rican Case.

A New-Keynesian growth model tracing how the interplay between foreign investment attraction and nearshoring drove Costa Rica's atypical post-shock pattern of accelerated growth with deflation. Winner, 2024 Latin American Reserve Fund (FLAR) Research Contest.

→ Read the paper


LATEST RESEARCH

→ all research
  1. gap_policy_preview.png
    The Gap Between Mandate and Execution: An Evaluation of the Inflation Target in Costa Rica
    Sebastián Fernández
    2026
    Working Paper

DISPATCHES

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  1. 2026.09.10

    Two further sets of personal class notes from the University of Costa Rica are now available under Notes:

    • Metric Spaces and Measure Theory (MA-0505) — Análisis I, taught by Dr. Pedro Méndez Hernández. Twenty chapters: metric space topology, compactness, completeness, the Arzelà–Ascoli theorem, connectedness and the Baire category theorems, followed by functions of bounded variation, the Riemann–Stieltjes integral, Lebesgue measure and measurable functions, the theorems of Egorov and Lusin, the Lebesgue integral and its convergence theorems, and Lebesgue’s characterisation of Riemann integrability.

    • Groups and Rings (MA-0561) — Grupos y Anillos, taught by Dr. Samaria Montenegro Guzmán. Twenty-four chapters: subgroups, cyclic groups, permutation groups, cosets and quotient groups, the isomorphism theorems, group actions and the Sylow theorems, then rings and fields, the polynomial ring, ideals both maximal and prime, quotient rings, ring homomorphisms, characteristic and the Frobenius map, the field of fractions, and the factorization of homomorphisms.

    These were written in Spanish and translated into English. Both versions are available for every course in the section — including the two published in April — and you can switch between them from any page. As before, they are shared as-is, may contain errors, and are not affiliated with the instructors.

  2. 2026.04.28

    I have published a set of personal class notes from two advanced calculus courses I took at the University of Costa Rica, now available under Notes:

    • Single Variable Real Analysis (MA-0350) — Cálculo en una Variable 2, taught by Dr. Pedro Méndez Hernández. Twelve chapters covering sequences and series of real numbers, the Riemann integral and its applications, improper integrals, and pointwise and uniform convergence of function sequences.

    • Multivariate Real Analysis (MA-0450) — Cálculo en varias variables, taught by Dr. Juan Gabriel Calvo Alpízar. Five chapters covering the topology of \(\mathbb{R}^n\), differentiation in several variables, multiple integration, and an introduction to vector calculus.

    The notes are available in Spanish and English, and shared as-is. They may contain errors and are not affiliated with the instructors.

  3. 2026.01.13

    New working paper out! “The Gap Between Mandate and Execution: An Evaluation of the Inflation Target in Costa Rica” finds empirical evidence supporting the existence of a contractionary bias in Costa Rica’s monetary policy. Read it on my Research page.

  4. 2026.01.12

    I am happy to announce the launch of my personal website! This platform will serve as my personal academic hub.

    The site is organized into three main sections:

    • About: An overview of my research agenda.

    • CV: A current curriculum vitae detailing my coursework, research assistantships, and teaching experience.

    • Research: A consolidated archive of my working papers, non-academic writings and fact-checking articles.

    I built this site using the al-folio Jekyll template. I will be updating the website regularly.


RECENT NOTES

→ all notes
  1. MA-0350

    Single Variable Real Analysis

    Class notes from a one-semester course on the analysis of real-valued functions of a single real variable.

  2. MA-0350

    Cálculo en una Variable 2

    Apuntes de un curso semestral sobre el análisis de funciones reales de una variable real.

  3. MA-0450

    Multivariate Real Analysis

    Class notes from a one-semester course on real analysis in n dimensions, generalising single-variable analysis to several variables.