Brunello Rosa

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.

LINK TO BRUNELLOROSA.COM

june 2019

REVIEW: Fed Moves To Easing Bias As It Stands Ready To Cut Rates In H2

by Brunello Rosa

19 June 2019

Brunello Rosa

recent research papers

POLICY COMPASS: EU Musical Chairs’ Battle At The Center of the EU Council Meeting

Flash Review: Norges Bank Raises Rates and Hints At More Hikes in 2019

june 2019

REVIEW: Fed Moves To Easing Bias As It Stands Ready To Cut Rates In H2

Italy Update: Preparing For Fiscal Battles With The EU, Amid Domestic Political Turmoil

POLICY COMPASS: No-Deal Hard Brexit Is Still A Low-Probability Scenario

Fed To Stay On Hold But Leave Wide Open the Option of Forthcoming Rate Cuts

PREVIEW: Norges Bank Set To Increase Rates In Spite Of Dovish Fed and ECB

The SNB Introduces A New Policy Rate (and Claims To Have Space To Ease)

MAY - JUNE 2019

Review: ECB Is Not As Dovish As The Market Expected, But Is Ready To Ease

ECB Preview: Don’t Expect Too Much Substance, But Still a Dovish Tone

MACRO PICTURE - USA - Iran: Escalating Tensions, With High Risk Of Mis-Calculations

US-China Trade War Risks and Impact on US Inflation, Growth and Fed’s Monetary Policy

Flash Review: Norges Bank Surprises Markets And Signals A Rate Hike In June

Review: RBNZ Is The First G10 Central Bank to Cut Rates In This Cycle

April - May 2019

RBA Review: Cash Rate Held Steady, Labour Market Key to Rate Outlook

MONETARY AFFAIRS - Flash Preview: RBNZ Seen Cutting Rates in May

MONETARY AFFAIRS - RBA PREVIEW: A Rate Cut Is On The Table

MONETARY AFFAIRS - Review: Fed Remains Patiently Dovish, But No Rate Cuts In Sight

Review: Ultra-Dovish Riksbank Lowers Its Repo Rate Path And Extends QE to End-2020

MONETARY AFFAIRS: BoC Review Bank Of Canada Removes Its Tightening Bias

APRIL 2019

The US Can Temporarily “Decouple” From The Eurozone (If The Shock to EZ is Mild)

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

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

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

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

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

March - APril 2019

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

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

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

MONETARY AFFAIRS: Fed Review Fed Delivers Another Dovish Surprise

POLICY COMPASS - Brexit Update: Going To The Wires

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

MArch 2019

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

MACRO PICTURE - EU Update: Awaiting The Populist Tsunami

Review: ECB Adds Monetary Accommodation

MACRO PICTURE: Venezuela’s Complicated Transition

Monetary Affairs - REVIEW: Dovish BOC Signals A Long Pause

Reviewing DNB Reaction Function To Defend The Currency Peg

February - March 2019

PREVIEW: BOC Likely To Pause For Longer

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

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

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

Germany's Economic and Political Uncertainties Are Rising

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

January - February 2019

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

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

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

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

DISRUPTIVE IDEAS: The Revenge of Demographics

REVIEW: BOC Remains On Hold, With Hawkish Undertones

December 2018

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

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

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

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

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

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

October - December 2018

ITALY: Partially Caving In, Given Market and European Pressures

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

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

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

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

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

September - October 2018

A Healthy and Expected Market Sell-Off

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

SCENARIO ANALYSIS - ITALY: Walking A Dangerous Line

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

Fed Hikes Rates and Drops “Accommodative” Stance