Brunello Rosa

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Brunello Rosa is CEO and Head of Research at R&R. He is a research fellow of the Department of International Politics and the City Political Economy Research Centre at City, University of London and a research associate at the Systemic Risk Centre of the London School of Economics and Political Science, where he is also a practitioner lecturer in finance for MSc students and in macroeconomics for executive-education professionals. Brunello is an active member of Chatham House (The Royal Institute of International Affairs), the UK’s Institute of Directors, the International Institute of Strategic Studies and the Institute for New Economic Thinking (INET). He contributes to the Research Hub in Finance of the UK's National Institute of Economic and Social Research, for the ESRC programme on Rebuilding Macroeconomics. 


Before co-founding this new venture, Brunello served as co-Head of Research and Managing Director for Developed Markets, G10 Rates and Currencies at Roubini Global Economics. Brunello joined RGE from the Bank of England, where he had mainly worked in Markets, in the division that implements monetary policy and provides liquidity insurance. He also briefly served in the Bank’s Financial Stability area and its Centre for Central Banking Studies. Previously, he worked as a macroeconomist and fixed income strategist with a focus on Europe at IDEAglobal, a market intelligence company. In these various capacities, Brunello appeared on Bloomberg, Reuters, CNBC and other TV programmes, and had been quoted by a variety of media outlets. Prior to joining the private sector, he was a research assistant at the Financial Markets Group of the London School of Economics, where he also taught classes in finance. Brunello started his career as a data analyst at the Department of Economics and as a research fellow at Siena University’s Centre for Complex System Studies, where he studied and researched the financial fragility of economic systems. 


In 2014, Brunello was awarded a prize by the Italian Chamber of Commerce and Industry in the UK for his "outstanding contributions" to the development of business ties between the UK and Italy.  These include his articles and events with Raffaele Cantone, president of Italy's Anti-Corruption Authority. He is now Director of the Association "Talented Italians in the UK," which gathers the winners of the  prize "Young Talented Italians."  Brunello holds a master’s degree in finance and economics from the London School of Economics and a laurea cum laude in economics from the University of Siena in Italy.  

Recent Research PApers

MONETARY AFFAIRS - Bank of Canada Preview: On Hold, For Now

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by Alex Waters and Brunello Rosa

19 April 2019

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ECB Review: Assessing The Policy Stance Ahead Of Further Possible Action

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by Brunello Rosa

10 April 2019

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ECB Is Mulling Reserve Tiering, But It Has Not Made Up Its Mind Yet

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by Brunello Rosa 

8 April 2019

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ECB PREVIEW: Policy on Hold. No Tiering Yet and TLTRO Details to Be Decided Over Time

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By Brunello Rosa and Nouriel Roubini 

8 April 2019

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MACRO PICTURE - Spain: Steady Economic Growth Threatened By Political Uncertainty

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by Lapo Fioretti and Brunello Rosa

3 April 2019

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March - APril 2019

MACRO PICTURE - EU-US Auto Trade Dispute: Negotiations Before A War

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by A. Waters, Brunello Rosa, Nouriel Roubini

2 April 2019

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Review: RBNZ Prepares For a Rate Cut (And Puts Pressure On RBA To Shift Risk Balance)

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by Alex Waters and Brunello Rosa

28 March 2019

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Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within Six Months

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by Brunello Rosa and Alex Waters

21 March 2019

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MONETARY AFFAIRS: Fed Review Fed Delivers Another Dovish Surprise

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by Brunello Rosa and Alex Waters

20 March 2019

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POLICY COMPASS - Brexit Update: Going To The Wires

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by Brunello Rosa 

15 March 2019

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MONETARY AFFAIRS - Fed Preview: Extended Pause Highly Likely and Treasuries Runoff to End This Year

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by Nouriel Roubini, Brunello Rosa, Alex Waters

14 March 2019

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MArch 2019

Italy Update: The Economic Recession Worsens The Political Landscape (And Vice-Versa)

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by Brunello Rosa

11 March 2019

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MACRO PICTURE - EU Update: Awaiting The Populist Tsunami

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by Brunello Rosa and Nouriel Roubini

8 March 2019

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Review: ECB Adds Monetary Accommodation

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by Brunello Rosa 

7 March 2019

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MACRO PICTURE: Venezuela’s Complicated Transition

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by Lapo Fioretti, Brunello Rosa, Alex Waters 

7 March 2019

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Monetary Affairs - REVIEW: Dovish BOC Signals A Long Pause

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by Brunello Rosa 

6 March 2019

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Reviewing DNB Reaction Function To Defend The Currency Peg

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 by Alex Waters and Brunello Rosa 

5 March 2019

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February - March 2019

PREVIEW: BOC Likely To Pause For Longer

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by Alex Waters, Joseph Shupac 

and Brunello Rosa

4 March 2019 

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ECB PREVIEW: Change In Forward Guidance and New (T)LTRO Coming, Given Downside Risk

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by Nouriel Roubini and Brunello Rosa

21 February 2019

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SNB: Rising Global and Domestic Risks To Fight With Little Policy Ammunition

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by Alex Waters and Brunello Rosa


20 February 2019

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TRAVEL NOTES - ITALY: Risks Re-Emerging After The Truce

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by Brunello Rosa

15 February 2019

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Germany's Economic and Political Uncertainties Are Rising

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 by Nouriel Roubini and Brunello Rosa

14 February 2019

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Brexit Update: Getting to A Deal (One Way or Another)

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by Brunello Rosa and Nouriel Roubini

13 February 2019

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January - February 2019

The Rise of the Populist International: European Dis-Integration Ahead?

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by Brunello Rosa and John Hulsman

6 February 2019

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The Fed Takes A Sharp Break In the Hiking Cycle and Moves to a Strongly Dovish Stance

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by Brunello Rosa 

30 January 2019

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Fed Preview: Opening The Door To A Pause In The Hiking Cycle

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by Alex Waters and Brunello Rosa 

25 January 2019

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Review: ECB Twists Risks To The Growth Outlook To The Downside

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by Brunello Rosa

24 January 2019

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DISRUPTIVE IDEAS: The Revenge of Demographics

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Economic, Policy and Financial Implications  

of Current Demographic Trends 

by Brunello Rosa and Joseph Shupac

15 January 2018

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REVIEW: BOC Remains On Hold, With Hawkish Undertones

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by Brunello Rosa, Alex Waters 

and Joseph Shupac 

09 January 2019

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December 2018

MONETARY AFFAIRS - Review: Riksbank Hikes its Policy Rate by 25bps

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by Brunello Rosa 

and Alex Waters 

19 December 2018

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MONETARY AFFAIRS - Review: Fed Reduces Expected Number of Rate Hikes in 2019

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by 

Brunello Rosa and Alex Waters 

19 December 2018

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Global Outlook & Strategic Asset Allocation For 2019: Skating on Thinner Ice

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by Nouriel Roubini, Brunello Rosa 

and Alessandro Magnoli Bocchi

18 December 2018

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MONETARY AFFAIRS -PREVIEW: Fed to Signal Slower Pace of Policy Normalization

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by Brunello Rosa, Alex Waters 

and Nouriel Roubini

17 December 2018

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MONETARY AFFAIRS - PREVIEW - Riksbank Likely To Wait Longer Before Lift-Off

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by Brunello Rosa and Alex Waters

14 December 2018

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REVIEW: ECB Confirms Its Policy Stance (With Few Details on Reinvestment)

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by Brunello Rosa

13 December 2018

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October - December 2018

ITALY: Partially Caving In, Given Market and European Pressures

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by Brunello Rosa

5 December 2018

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ECB PREVIEW: We Do Not Expect A Radical Shift In Policy in December

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by Brunello Rosa and Nouriel Roubini

30 November 2018

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In this Final Rush Risks Remain A Crisis Might Be Needed To Break the Brexit Impasse

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by Brunello Rosa and Nouriel Roubini

7 November 2018

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MONETARY AFFAIRS - ECB Review: Rendez-Vous in December for All Decisions

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by Brunello Rosa         

25 October 2018

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BOC REVIEW: Trade Relief Ensures An Autumn Hike and Hawkish Tones

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by Joseph Shupac and Brunello Rosa 

24 October 2018

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MONETARY AFFAIRS - PREVIEW: ECB Likely To Buy More Time Before Committing

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by Brunello Rosa

22 October 2018

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September - October 2018

A Healthy and Expected Market Sell-Off

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by Brunello Rosa


15 October 2018

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The Journey To the Next Recession and Financial Crisis in 2020 Has Already Begun

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by Nouriel Roubini and Brunello Rosa

9 October 2018

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SCENARIO ANALYSIS - ITALY: Walking A Dangerous Line

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by Brunello Rosa        

   

5 October 2018

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Italy’s “Populist” Budget Defies the EU, Markets And Rating Agencies

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by Brunello Rosa           

28 September 2018

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Fed Hikes Rates and Drops “Accommodative” Stance

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by Brunello Rosa


27 September 2019

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PREVIEW: Fed Continues to Normalize At a Steady Pace

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by Brunello Rosa 

and Nouriel Roubini

24 September 2018

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september 2018

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

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by Brunello Rosa

21 September 2018

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The European “Musical Chairs” Game Continues

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by Nouriel Roubini and Brunello Rosa

20 September 2018

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Travel Notes: Focus on Italy’s First “Populist” Budget

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by Brunello Rosa and Nouriel Roubini

17 September 2018

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Review: ECB Buys Time (Again) On Re-Investment Policy

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by Brunello Rosa

13 September 2018

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ECB PREVIEW: Still Waiting For Re-Investment Policy Details

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by Brunello Rosa

11 September 2018

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Argentina: Between Disaster and Hope

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by Brunello Rosa 

and Joseph Shupac

5 September 2018

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July-August 2018

DISRUPTIVE IDEAS: Hedging Against A Euro Break-Up

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by Alessandro Magnoli Bocchi, Brunello Rosa, Pablo Gallego, Damiano Terziotti

30 August 2018

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BOJ Policy Tweaks Fail To Impress Markets

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by Brunello Rosa 

and Nouriel Roubini

21 August 2018

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REVIEW: BOE Ends Up Delivering A Dovish Hike

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by Brunello Rosa


2 August 2018

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PREVIEW: BOE Finds A Window To Slot In a Rate Hike

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by Brunello Rosa


27 July 2018

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ECB Review: Details On Reinvestment Policy to Come After the Summer

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by Brunello Rosa

26 July 2018

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ECB PREVIEW: Focus on Re-Investment Policy

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by Brunello Rosa


20 July 2018

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June - July 2018

MARKET VIEWS Yield Curve “Near-Inversion” Does Not Imply U.S. Recession

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by Brunello Rosa

13 July 2018

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BOC Review: Hike Now, and on a Half-Yearly Basis

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by Joseph Shupac 

and Brunello Rosa

12 July 2018

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PREVIEW: BOC Set to Raise Rates, But No Longer Certain to Signal Further Hikes

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by Joseph Shupac and Brunello Rosa

6 July 2018 

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TRAVEL NOTES - FRANCE: Europe’s (Temporary) Bright Spot

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by Brunello Rosa and Nouriel Roubini

4 July 2018 

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MONETARY AFFAIRS: BOE After June MPC and Mansion House Speech

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by Brunello Rosa

22 June 2018

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ITALY: New Government to Be Initially Only Modestly Confrontational with Europe

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by Brunello Rosa and Nouriel Roubini

20 June 2018

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June 2018

ECB Indicates End of QE and Beginning of Rates Guidance

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By Brunello Rosa

14 June 2018

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Fed Review: Fed Delivers A Hawkish Hike

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by Brunello Rosa

13 June 2018

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Fed: Hike in June Done Deal, Four Hikes in 2018 Not Yet

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by Nouriel Roubini and Brunello Rosa

11 June 2018

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ECB PREVIEW: Discussion on QE Extension to Begin in June, But No Rush to Decide

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by Brunello Rosa and Nouriel Roubini                    

8 June 2018 

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TRAVEL NOTES: UK Post-Brexit Customs Options Mask Deeper Choices

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by Brunello Rosa and Nouriel Roubini

6 June 2018

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Germany Remains Cautious On Further Eurozone Integration

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by Brunello Rosa and Nouriel Roubini

5 June 2018

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May 2018

Working Paper - ITALY: Political Crisis Intensifies and Becomes Institutional

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by Brunello Rosa

29 May 2018

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GERMANY: An Economic Powerhouse Trying to Revive the Political Centre Ground

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By Rémi Bourgeot and Brunello Rosa

23 May 2018

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ARGENTINA: Macri Tries to Reassure Investors Ahead of G20 Meeting and Presidential Election

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by Brunello Rosa and Renata Bossini 

18 May 2018

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BOE Stays on Hold and Remains Data Dependent

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by 

Brunello Rosa

10 May 2018

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BOE To Remain on Hold in May (And Even a Hike in August Is Not A Done Deal)

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by Brunello Rosa

4 May 2018

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April 2018

Riksbank Pushes Back The Timing of First Rate Hike

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by Brunello Rosa

26 April 2018

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Italy: Short-Term Resilience, Long-Term Fragility

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by Brunello Rosa and Nouriel Roubini

24 April 2018

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Riksbank: Time to Push Back the Repo Rate Path

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by Brunello Rosa

23 April 2018

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BOE Mulling Rate Hike Amid Brexit Uncertainties

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by Brunello Rosa and Nouriel Roubini

20 April 2018

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ECB to Gradually Exit QE by Year-end

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by Brunello Rosa and Nouriel Roubini

17 April 2018 

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BOC Preview: Cautious BOC To Stay on Hold In April

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by Joseph Shupac and Brunello Rosa

13 April 18

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March 2018

Brexit: Transition Deal, Trade Agreements and Risks of a Cliff-Edge into WTO

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By Brunello Rosa, Pablo Gallego Cuervo and Renata Bossini 

28 March 2018

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Fed Review: Fed Delivers A Relatively Hawkish Hike

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by Brunello Rosa

22 March 2018


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Fed Preview march 2018: A “Relatively Hawkish” Hike

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by Brunello Rosa and Nouriel Roubini

19 March 2018


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ECB Drops Easing Bias Amid Dovish Press Conference

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by Brunello Rosa  

8 March 2018

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BOC Preview: On Hold Given Negative Economic Surprises

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by Joseph Shupac and Brunello Rosa

6 March 2018

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ECB’s Dilemma: Euro Strength vs Removing the Easing Bias

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by Brunello Rosa and Nouriel Roubini

2 March 2018

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February 2018

Volatility and Inflation Fears Likely to Continue Weighing on Markets

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by Nouriel Roubini and Brunello Rosa 

14 February 2018

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Riskbank Review: On Hold, With A Dovish Tilt

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by Brunello Rosa

14 February 2018

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Q&A on FOMC Composition and Fed’s Policy Regime

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by Nouriel Roubini and Brunello Rosa 

13 February 2018

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Riksbank Preview: On Hold, With A Dovish Bias

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by Brunello Rosa and Nouriel Roubini

12 February 2018

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BoE Delivers Hawkish Inflation Report

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by Brunello Rosa

6 February 2018

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Italian Elections: Uncertainty and Complacency Abound

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by Brunello Rosa

6 February 2018

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BOE Preview February 2018: On Hold, But Alert

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by Brunello Rosa

2 February 2018

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Fed Preview: On Hold in January, Door Open in March

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by Brunello Rosa

26 January 2018

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January 2018

ECB Review: Strong Euro at the Forefront of ECB’s Attention

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By Brunello Rosa

25 January 2018

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ECB Preview: Taking Stock of the Strong Euro

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By Brunello Rosa

22 January 2018

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The European “Musical Chairs” Game Has Just Begun

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by  Brunello Rosa and Nouriel Roubini

17 January 2018

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Canada: Strong Cyclical Growth, But Structural Challenges Lie Ahead

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by Joseph Shupac and Brunello Rosa

11 January 2018

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Western Balkans: Still Many Obstacles to EU Accession

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by Arlind Rama and Brunello Rosa

9 January 2018

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Travel Notes: Will Macron Succeed in Reforming France?

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by Nouriel Roubini and Brunello Rosa

3 January 2018

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