Leonardo Urrutia

Economist

Welcome!

I am Leonardo Urrutia, a Ph.D. candidate in Economics at Leipzig University, specializing in macroeconomics, business cycle analysis, and financial stability.
My research examines how macro-financial interactions shape economic fluctuations, focusing in particular on downside risks to growth and the stability of the financial system.

My recent projects span:

  • DSGE and structural VAR modelling with endogenous volatility
  • integration of climate-related risks into macro-financial frameworks
  • solving DSGE models with neural networks.

Education

PhD in Economics, 2026
Leipzig University

M.Sc. in Economics, 2021
Freie Universität Berlin

B.Sc. in Economics, 2019
Freie Universität Berlin

 

Institutions

European Central Bank, 2023–2024
Monetary Policy – Capital Markets and Financial Structure

Leipzig University, 2021–2026
Research Assistant, Institute for Theoretical Economics

Deutsche Bundesbank, 2021
Financial Stability Analysis and Macroprudential Surveillance Division

Federal Ministry for Economic Affairs and Energy, 2019
Division for German Maritime Economy

Research

Structural Drivers of Growth at Risk: Insights from a VAR-Quantile Regression Approach
ECB Working Paper; Together with Giacomo Carboni, Luìs Fonseca, and Fabio Fornari

Barking up the Wrong Tree? Climate News and Financial Stability
Current working paper (PDF)

Monetary Policy, Macroprudential Regulation, and Growth at Risk: Insights from a Medium-Scale DSGE Model
Current working paper, ECB Report with early results (PDF); Together with Nikolay Hristov and Benedikt Kolb

Perturbation-Anchored Neural-Network Solutions of Nonlinear DSGE Models
Very very preliminary draft (PDF)