Julio L. Ortiz

Julio L. Ortiz

Senior Economist, International Finance Division

Federal Reserve Board

Welcome! I am a senior economist in the International Finance Division of the Federal Reserve Board.

My research interests are in macroeconomics with a focus on monetary policy, firm investment, and expectation formation.

Interests

  • Macroeconomics
  • Monetary policy
  • Firm investment
  • Expectation formation

Education

  • Ph.D. Economics , 2021

    Boston University

  • M.A. Political Economy, 2019

    Boston University

  • B.S. Economics and International Affairs, 2013

    George Washington University

Publications

Julio L. Ortiz, Constantin Bürgi (2025). Overreaction Through Anchoring. Forthcoming, International Journal of Forecasting.

PDF Code Supplementary materials

Thiago R.T. Ferreira, Nils Gornemann, Julio L. Ortiz (2025). Household Excess Savings and the Transmission of Monetary Policy. International Journal of Central Banking, 21(2), 1-36.

PDF IFDP

Julio L. Ortiz (2024). Misspecified Expectations Among Professional Forecasters. Forthcoming, Journal of Money, Credit and Banking.

PDF Online Appendix

Policy Papers

Inflation's Shared DNA: Regional and Global Factors in Post-Pandemic Core Inflation

with Daniel O. Beltran
Daniel O. Beltran, Julio L. Ortiz
Sep 19, 2025

Reviews of Foreign Central Banks' Monetary Policy Frameworks: Approaches, Issues, and Outcomes

with Grey Gordon and Benjamin Silk
Grey Gordon, Julio Ortiz, Benjamin Silk
Aug 30, 2025

An update on Excess Savings in Selected Advanced Economies

with François de Soyres and Dylan Moore
François de Soyres, Dylan Moore, Julio L. Ortiz
Dec 20, 2023

Accumulated Savings During the Pandemic: An International Comparison with Historical Perspective

with François de Soyres and Dylan Moore
François de Soyres, Dylan Moore, Julio L. Ortiz
Jun 20, 2023

Contact