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Rosa & Roubini Associates

118 Pall Mall London SW1Y 5ED | +44(0)207 1010 718

  • Home
  • Online Store
  • CORPORATE SOLUTIONS
  • Research
  • Advisory
  • FIN-TECH
  • Team
  • Covid vs GFC
  • Videos
  • About
  • Contact

Research (Archive)

For Papers between September 2017 and August 2018, click here

For Papers between June 2019 and December 2019, click here

Go To Latest research

MAY 2019

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

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

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

image399

by Nouriel Roubini and Brunello Rosa

16 May 2019

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MARKET VIEWS - Lebanon: An ‘Unstable Equilibrium’ Supported By Capital Inflows

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

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

image400

by Bocchi, Aladsani and Al Mughrabi

14 May 2019

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FLASH REVIEW: Norges Bank Surprises Markets And Signals A Rate Hike In June

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

FRANCE: The Social Crisis Lingers, While European Alliances Are Being Questioned

image401

by Brunello Rosa

9 May 2019

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FRANCE: The Social Crisis Lingers, While European Alliances Are Being Questioned

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

FRANCE: The Social Crisis Lingers, While European Alliances Are Being Questioned

image402

by  Rémi Bourgeot 

9 May 2019

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

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

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

image403

by Alex Waters and Brunello Rosa

8 May 2019

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TRAVEL NOTES - CHINA: Growth Is Stabilizing at the Cost of Renewed Financial Imbalances

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

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

image404

by Nouriel Roubini

7 May 2019

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APRIL - MAY 2019

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

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

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

image405

By Alex Waters and Brunello Rosa

7 May 2019

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

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

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

image406

by Brunello Rosa

3 May 2019

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

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

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

image407

By Alex Waters and Brunello Rosa

3 May 2019

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

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

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

image408

by Brunello Rosa and Nouriel Roubini

1 May 2019

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Preview: Fed Still Patient, With Rate Cuts Considered Only If Outlook Worsens

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

Preview: Fed Still Patient, With Rate Cuts Considered Only If Outlook Worsens

image409

by Nouriel Roubini and Alex Waters

29 April 2019

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

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

Preview: Fed Still Patient, With Rate Cuts Considered Only If Outlook Worsens

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by Brunello Rosa

25 April 2019

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APRIL 2019

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

image411

by Alex Waters 

25 April 2019

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

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

image412

by Brunello Rosa


24 April 2019

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MACRO PICTURE - Brazil: The Pension Reform Is The Crucial Test For Bolsonaro

Review: The BoJ Re-Commits to Its Current Policy Framework by Updating Its Forward Guidance

MACRO PICTURE - Brazil: The Pension Reform Is The Crucial Test For Bolsonaro

image413

by Alessandro Magnoli Bocchi  Farah Aladsani

24 April 2019

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

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

MACRO PICTURE - Brazil: The Pension Reform Is The Crucial Test For Bolsonaro

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by Alex Waters and Brunello Rosa

23 April 2019

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

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

image415

by Alex Waters and Brunello Rosa

19 April 2019

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Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

Bank of Japan Preview: BoJ In Wait-And-See Mode as Global Headwinds May Fade

image416

by Alex Waters and Nouriel Roubini

19 April 2019

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March 2019

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

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by Alessandro Magnoli Bocchi

29 March 2019

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

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

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by Alex Waters and Brunello Rosa

28 March 2019

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Changes In Fed’s Monetary Policy Strategy, Tools And Communication Policy

ASSET ALLOCATION: Maintain A Defensive Risk Profile, Focus On Capital Preservation

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

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by Nouriel Roubini

25 March 2019

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Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

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by Brunello Rosa and Alex Waters

21 March 2019

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MONETARY AFFAIRS - Central Bank Review: Fed Delivers Another Dovish Surprise

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

MONETARY AFFAIRS - Central Bank 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

Review: Hawkish Norges Bank Raises Rates and Signals Another Hike Within 6 Months

MONETARY AFFAIRS - Central Bank Review: Fed Delivers Another Dovish Surprise

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by Brunello Rosa

15 March 2019

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February - March 2019

MACRO PICTURE; Venezuela’s Complicated Transition

MACRO PICTURE; Venezuela’s Complicated Transition

MACRO PICTURE; Venezuela’s Complicated Transition

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by L. Fioretti, Brunello Rosa and Alex Waters

7 March 2019

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Review: ECB Adds Monetary Accommodation

MACRO PICTURE; Venezuela’s Complicated Transition

MACRO PICTURE; Venezuela’s Complicated Transition

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by Brunello Rosa

7 March 2019

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REVIEW: Dovish BOC Signals A Long Pause

MACRO PICTURE; Venezuela’s Complicated Transition

MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

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by Brunello Rosa

6 March 2019

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MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

image426

by Alex Waters and Brunello Rosa

5 March 2019 

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MONETARY AFFAIRS - CENTRAL BANK PREVIEW: BOC Likely To Pause For Longer

MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

MARKET VIEWS: A Fed Collar” Is Likely To Support The Markets In H1-2019

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by Alex Waters, J. Shupac and Brunello Rosa 

2 March 2019

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MARKET VIEWS: A Fed Collar” Is Likely To Support The Markets In H1-2019

MONETARY AFFAIRS: Reviewing DNB’s Reaction Function To Defend The Currency Peg

MARKET VIEWS: A Fed Collar” Is Likely To Support The Markets In H1-2019

image428

by Alessandro Magnoli Bocchi

27 February 2019

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February 2019

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

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

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

image429

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

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

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

image430

by Alex Waters and Brunello Rosa

20 February 2019

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RBA Jumps on The Dovish Bandwagon, While RBNZ Still Sits On The Fence

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

RBA Jumps on The Dovish Bandwagon, While RBNZ Still Sits On The Fence

image431

by Alex Waters

19 February 2019

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

Germany's Economic and Political Uncertainties Are Rising

RBA Jumps on The Dovish Bandwagon, While RBNZ Still Sits On The Fence

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by Brunello Rosa 

15 February 2019

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Germany's Economic and Political Uncertainties Are Rising

Germany's Economic and Political Uncertainties Are Rising

Germany's Economic and Political Uncertainties Are Rising

image433

by Nouriel Roubini and Brunello Rosa 

14 February 2019

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

Germany's Economic and Political Uncertainties Are Rising

Germany's Economic and Political Uncertainties Are Rising

image434

by Brunello Rosa and Nouriel Roubini 

13 February 2019

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January - February 2019

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

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

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

image435

by Brunello Rosa and John Hulsman

6 February 2019

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

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

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

image436

by Bruello Rosa

30 January 2019

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POLICY COMPASS - PERSIAN GULF: Increased Polarisation and Power Fragmentation Ahead

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

POLICY COMPASS - PERSIAN GULF: Increased Polarisation and Power Fragmentation Ahead

image437

by Cinzia Bianco

29 January 2019

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

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

POLICY COMPASS - PERSIAN GULF: Increased Polarisation and Power Fragmentation Ahead

image438

by Alex Waters and Brunello Rosa

25 January 2019

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ECB Twists Risks To The Growth Outlook To The Downside

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

ECB Twists Risks To The Growth Outlook To The Downside

image439

by Brunello Rosa

24 January 2019

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The Future of Banking: Small is the New Big

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

ECB Twists Risks To The Growth Outlook To The Downside

image440

by Alessandro Magnoli and Mert Yildiz

24 January 2019

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January 2019

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

image441


by Alex Waters

23 January 2018

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Norges Bank Preview: Waiting For March to Hike

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

image442

 Photo: Esten Borgos (from Norges Bank’s website)  

by Alex Waters

19 January 2018

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BoJ PREVIEW: A Stronger Yen May Cause Some Discomfort

BoJ Lowers Inflation Projections and Remains On Auto-Pilot

DISRUPTIVE IDEAS: The Revenge of Demographics

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by Alex Waters 

17 January 2019

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DISRUPTIVE IDEAS: The Revenge of Demographics

DISRUPTIVE IDEAS: The Revenge of Demographics

DISRUPTIVE IDEAS: The Revenge of Demographics

image444

The Economic, Policy and Financial Implications  of Current Demographic Trends, by Brunello Rosa and Joseph Shupac

15 January 2019

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Turkey: Economic Stabilization After The March Local Elections

DISRUPTIVE IDEAS: The Revenge of Demographics

Turkey: Economic Stabilization After The March Local Elections

image445

by Alessandro Magnoli Bocchi


11 January 2019

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REVIEW: BOC Remains On Hold, With Hawkish Undertones

DISRUPTIVE IDEAS: The Revenge of Demographics

Turkey: Economic Stabilization After The March Local Elections

image446

By Brunello Rosa, Alex Waters and Joseph Shupac

9 January 2019

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DEcember 2018

PREVIEW: BoC Likely to Remain On Hold, While Sounding Upbeat

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

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

image447

by Alex Waters and Joseph Shupac

7 January 2019

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

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

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

image448

by Brunello Rosa and Alex Waters 

20 December 2018

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

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

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

image449

by Brunello Rosa and Alex Waters 

19 December 2018

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TRAVEL NOTES - France: Social Tensions Upend French and Eurozone Politics

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

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

image450

by Rémi Bourgeot

19 December 2018

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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: Fed to Signal Slower Pace of Policy Normalization

image451

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

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

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

image452

by Brunello Rosa, Alex Waters and 

Nouriel Roubini

17 December 2018

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November - December 2018

RIKSBANK PREVIEW: Riksbank Likely To Wait Longer Before Lift-Off

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

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

image453

by Brunello Rosa and Alex Waters

14 December 2018

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

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

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

image454

by Brunello Rosa 

13 December 2018

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MARKET VIEWS - Markets Buffeted By Tailwinds and Headwinds At Year-End

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

TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

image455

by Alex Waters

7 December 2018

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TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

image456

by Brunello Rosa

5 December 2018

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TRAVEL NOTES - GERMANY: A Succession Drama at a Time of Economic Weakness

TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

TRAVEL NOTES - GERMANY: A Succession Drama at a Time of Economic Weakness

image457

by Rémi Bourgeot

4 December 2018

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

TRAVEL NOTES-ITALY: Partially Caving In, Given Market and European Pressures

TRAVEL NOTES - GERMANY: A Succession Drama at a Time of Economic Weakness

image458

by Brunello Rosa and Nouriel Roubini 

30 November 2018

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November 2018

Oil Outlook 2019-20: Oil Prices’ Gradual Decline To Support Global Growth

POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

China Preparing for A Possible Full-Scale Economic and Geopolitical Cold War

image459

by Alessandro Magnoli Bocchi 

and Francisco Quintana

26 November 2018

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China Preparing for A Possible Full-Scale Economic and Geopolitical Cold War

POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

China Preparing for A Possible Full-Scale Economic and Geopolitical Cold War

image460

by Nouriel Roubini

20 November 2018

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POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

image461

by John C. Hulsman

20 November 2018

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BOJ Still Far From A Shift In Policy Regime, But The Triggers For A Change Are Now Clearer

BOJ Still Far From A Shift In Policy Regime, But The Triggers For A Change Are Now Clearer

POLICY COMPASS - US 2018 Mid-Terms: An Election That Settled Nothing

image462

by Nouriel Roubini 

8 November 2018

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

BOJ Still Far From A Shift In Policy Regime, But The Triggers For A Change Are Now Clearer

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

image463

by Brunello Rosa 

and Nouriel Roubini

7 November 2018 

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Hedging The Risk of A Potential Emerging Markets Crisis

BOJ Still Far From A Shift In Policy Regime, But The Triggers For A Change Are Now Clearer

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

image464

by Alessandro Magnoli Bocchi,

Pablo Gallego Cuervo and Francisco Quintana

2 November 2018

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October 2018

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

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

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

image465

by Brunello Rosa

25 October 2018

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

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

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

image466

by Joseph Shupac and Brunello Rosa

24 October 2018

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

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

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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American Mid-term elections: Verdict on the Trump Revolution

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

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

image468

John C. Hulsman  

17 October 2018

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MARKET VIEWS: A Healthy and Expected Market Sell-Off

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

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

image469

by Brunello Rosa


15 October 2018

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

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

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

image470

by Nouriel Roubini and Brunello Rosa

9 October 2018

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September - October 2018

SCENARIO ANALYSIS -ITALY: Walking A Dangerous Line

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

BRAZIL: Partisan Trench War Impedes a Huge Potential

image471

by Brunello Rosa           


5 October 2018

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BRAZIL: Partisan Trench War Impedes a Huge Potential

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

BRAZIL: Partisan Trench War Impedes a Huge Potential

image472

by Rémi Bourgeot


2 October 2018

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

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

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

image473

by Brunello Rosa 

28 September 2018

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Divergence Between The U.S. And Other Countries Is Still Increasing

Divergence Between The U.S. And Other Countries Is Still Increasing

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

image474

By A. Magnoli Bocchi and F. Quintana         

27 September 2018

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Fed Hikes Rates and Drops “Accommodative” Stance

Divergence Between The U.S. And Other Countries Is Still Increasing

PREVIEW: Fed Continues to Normalize At a Steady Pace

image475

by Brunello Rosa


27 September 2018

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PREVIEW: Fed Continues to Normalize At a Steady Pace

Divergence Between The U.S. And Other Countries Is Still Increasing

PREVIEW: Fed Continues to Normalize At a Steady Pace

image476

by Brunello Rosa 

and Nouriel Roubini

24 September 2018

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September 2018

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

image477

by Brunello Rosa

21 September 2018

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The European “Musical Chairs” Game Continues

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

image478

by Nouriel Roubini and Brunello Rosa

20 September 2018

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TRAVEL NOTES: Focus on Italy’s First “Populist” Budget

Norges Bank Begins Its Well-Telegraphed Tightening Cycle

TRAVEL NOTES: Focus on Italy’s First “Populist” Budget

image479

by Brunello Rosa and Nouriel Roubini

17 September 2018

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

EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

TRAVEL NOTES: Focus on Italy’s First “Populist” Budget

image480

by Brunello Rosa


13 September 2018

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ECB PREVIEW: Still Waiting For Re-Investment Policy Details

EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

image481

by Brunello Rosa


11 September 2018

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EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

EM Global Tremors: Central Banks’ Different Strategies to Defend Their Currencies

image482

by Rémi Bourgeot

4 September 2018

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Preview: Norges Bank To Hike In March and Signal Another Hike in 2019

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

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

image483

by Alex Waters

15 march 2019

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

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

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

image484

By N. Roubini, Brunello Rosa, Alex Waters

14 March 2019

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MARKET VIEWS - EM Currencies: The Fed’s Pause Provides Short-Term Support

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

POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

image485

by Rémi Bourgeot

13 March 2019

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POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

image486

by Alex Waters

 12 March 2019

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

POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 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

POLICY COMPASS - Japan: A General Election In July Is A Risk in A Politically Hectic 2019

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

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by Brunello Rosa and Nouriel Roubini

8 March 2019

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ECB Review Assessing The Policy Stance Ahead Of Further Possible Action

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

JAPAN: Monetary and Fiscal Easing Space Is Available In A Downside Scenario

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by Brunello Rosa

10 April 2019

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JAPAN: Monetary and Fiscal Easing Space Is Available In A Downside Scenario

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

JAPAN: Monetary and Fiscal Easing Space Is Available In A Downside Scenario

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by Nouriel Roubini

10 April 2019

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

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

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

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

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

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by Brunello Rosa

8 April 2019

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Spain: Steady Economic Growth Threatened By Political Uncertainty

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

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

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by Lapo Fioretti and Brunello Rosa 

3 April 2019

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

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

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

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By A. Waters, Brunello Rosa, N. Roubini

2 April 2019

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MAY - JUNE 2019

US Inflation: Several Factors Dampening Structural Upward Pressures

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

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

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by Francesca Panelli 

13 June 2019

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

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

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

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by Brunello Rosa

6 June 2019

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MACRO PICTURE - Argentina: Elections To Test The Austerity Measures

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

Review: RBA Cuts Its Cash Rate Due to Uncertainty On The Global Outlook

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Bocchi, Aladsani, Al Mughrabi, Fioretti 

5 June 2019

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Review: RBA Cuts Its Cash Rate Due to Uncertainty On The Global Outlook

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

Review: RBA Cuts Its Cash Rate Due to Uncertainty On The Global Outlook

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By Alex Waters

4 June 2019

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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

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

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by Brunello Rosa and Nouriel Roubini

3 June 2019

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

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

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

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By N. Roubini, B. Rosa and G. Cafiero

23 May 2019

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JUNE 2019

MONETARY AFFAIRS - Central Bank Preview: RBA Ready To Cut Rates Again

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

Japan Election Update: Risk of Double Election Remains Despite Abe’s Dismissal

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by Alex Waters and Brunello Rosa

28 June 2019

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Japan Election Update: Risk of Double Election Remains Despite Abe’s Dismissal

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

Japan Election Update: Risk of Double Election Remains Despite Abe’s Dismissal

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by Alex Waters

27 June 2019

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

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

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

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by Nouriel Roubini and Brunello Rosa

20 June 2019

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

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

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

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by Brunello Rosa

20 June 2019

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

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

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

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by Brunello Rosa

19 June 2019

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

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

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

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By Brunello Rosa

19 June 2019

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JUNE - JULY 2019

MONETARY AFFAIRS: G10 Central Banks Preparing For Their Easing Moves

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

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by Brunello Rosa

4 July 2019

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EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

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by Brunello Rosa

3 July 2019

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Flash Review: Riksbank Remains Cautious And Leaves Outlook Unchanged

EU: The End Of The Musical Chairs Game Delivers A Fragile Political Equilibrium

RBA Cuts Rates for a Second Month in a Row, Possibly With More Easing Ahead

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by Alex Waters and Brunello Rosa

3 July 2019

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RBA Cuts Rates for a Second Month in a Row, Possibly With More Easing Ahead

Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

RBA Cuts Rates for a Second Month in a Row, Possibly With More Easing Ahead

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by Brunello Rosa and Alex Waters

2 July 2019

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Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

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by Bocchi, Al Mughrabi and Aladsani

1 July 2019

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MONETARY AFFAIRS - Preview: Riksbank To Remain Prudently Dovish

Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

Tactical Risk-On In The Liquid Space, While Keeping Focus On Capital Preservation

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by Brunello Rosa and Alex Waters

28 June 2019

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