Headshot of Robin Brooks

Robin Brooks

Managing Director and Chief Economist

In his role, Mr. Brooks oversees the IIF’s macroeconomic analysis and serves as part of the IIF’s senior management team.

Previously, Mr. Brooks was the Chief FX Strategist at Goldman Sachs based in NY, where he was responsible for the firm’s foreign exchange forecasts and publishing international macro research. Prior to joining Goldman, Mr. Brooks was the FX strategist at Brevan Howard. Before joining the private sector, Mr. Brooks spent eight years as an economist at the International Monetary Fund, where he worked on the IMF’s fair value models for FX, published academic research and participated in missions to IMF program countries.

Education

Mr. Brooks earned his PhD in Economics from Yale University in 1998. He earned a BSc in Monetary Economics from the London School of Economics in 1993.


Publications

Global Macro Views: Jan 5 23
Global Macro Views: Dec29
Global Macro Views: Dec22
Global Macro Views: Dec15
Global Macro Views: A Positive Outlook for EM into 2023
Global Macro Views: More on Global Recession in 2023
Global Macro Views: Global Recession in 2023
Global Macro Views: Is the US Inflation Shock fading?
Global Macro Views: More on the MMT Demise
Global Macro Views: The End of the MMT Illusion
Global Macro Views: More Lessons from our Annual Meetings
Global Macro Views: Lessons from our Annual Meetings
Global Macro Views: Tracking Russian Oil and Coal
Global Macro Views: Our EM Exchange Rate Fair Values
Global Macro Views: Updating our Exchange Rate Fair Values
Global Macro Views: The COVID Inflation Shock is Over
Global Macro Views: Emerging Markets and the US Inflation Shock
Global Macro Views: The G7 Oil Price Cap
Global Macro Views – Our Euro Zone Recession Call
Global Macro Views: Tracking Oil Tankers out of Russia
Global Macro Views: The Euro Periphery Debt Conundrum
Global Macro Views: Please Stop Watching Spot Inflation!
Global Macro Views: Is there a Fed pivot?
Global Macro Views: Fed Hikes and Emerging Markets
Global Macro Views: Global Recession and Emerging Markets
Global Macro Views: Japanese Yen Strength
Global Macro Views: Global Recession => Yen Strength
Global Macro Views: Global Recession Watch
Global Macro Views: Questions for the New ECB Anti-Fragmentation Tool
Global Macro Views: The Global Interest Rate Shock and EM Outflows
Global Macro Views: The ECB and Periphery Spread Control
Global Macro Views: The Downside of ECB QE
Global Macro Views: Global Recession Risk and Capital Flows
Global Macro Views: Global Recession Risk and Monetary Policy
Global Macro Views: Rising Global Recession Risk
Global Macro Views: The Fall in China’s RMB
Global Macro Views: Take-Aways from the Spring Meetings
Global Macro Views: What Russia’s Current Account Surplus Means
Global Macro Views: Remember that thing called R*?
Global Macro Views: FX Fair Values Amid Russia's War
Global Macro Views: Russia’s Current Account Surplus
Global Macro Views: A Realignment in Global Capital Flows
Global Macro Views: Market Pricing versus War in Ukraine
Current Account with Clay Lowery - Episode 2: Here comes the Fed
Global Macro Views: Russia’s Invasion of Ukraine and EM
Global Macro Views: A Watershed for Politics and Markets
Global Macro Views: A New Conundrum for US Long-Term Yields
Global Macro Views: Where is Rising Inflation Most Broad-Based?
Global Macro Views: The Broad-Based Rise in Global Inflation
Global Macro Views: The Euro Zone COVID Recovery
China Spotlight: The Interest Rate Toolbox and Transmission
Global Macro Views: The Global COVID Recovery
Global Macro Views: More on FX Misalignments in 2022
Global Macro Views: Exchange Rate Misalignments in 2022
Global Macro Views: How much has Fed QE weighed on US yields?
Global Macro Views: Japanification of the Euro Zone
Global Macro Views: A Sudden Stop in EM Inflows
Global Macro Views: Turkish Lira Weakness
Global Macro Views: Are US Treasuries still a Risk Hedge?
Global Macro Views: Policy Lessons from the COVID Shock
Global Macro Views: The End of the Great Fiscal Illusion
Global Macro Views: Supply Disruptions signal US Overheating
Global Macro Views: In Defense of Currency Devaluations
Global Macro Views: The Bond Market Sell-Off
Global Macro Views: More on US Treasuries’ Safe Haven Status
Global Macro Views: The Safe Haven Status of US Treasuries
Global Macro Views: A Good Time to Taper
Global Macro Views: The EM Terms of Trade Puzzle
Global Macro Views: US Yields Decoupled from Fundamentals
Briefing Note: DataTalk 5 – Valuing Data
Global Macro Views: What is Fiscal Space?
Global Macro Views: Global Demand for 2020 Debt Issuance
Global Macro Views: Fiscal Space and Foreign Flows
Global Macro Views: Fiscal Space and Market Access
Global Macro Views: US Supply Chain Disruptions
Global Macro Views: A Sharp Turn in Dollar Sentiment
Global Macro Views: Another Credit Expansion in Turkey
Global Macro Views: The Competitiveness Gap in the Euro Zone
Global Macro Views: The Euro Zone Crisis 10 Years On
Global Macro Views: Update on the Data Tantrum
Global Macro Views: Fair Value of the Brazilian Real
Global Macro Views: The US Yield Conundrum
Global Macro Views: Supply chain disruptions continue to build
Global Macro Views: Why are US Treasury Yields stuck?
Global Macro Views: Who is buying US Treasury Debt?
Global Macro Views: Supply Disruptions, Inflation and the Fed
Global Macro Views: The Global Spread of Supply Chain Disruptions
Global Macro Views: Revising our Turkish Lira Fair Value
Global Macro Views: Labor Market Damage from COVID-19
Global Macro Views: Supply Disruptions and Inflation
Global Macro Views: Global Supply Disruptions
Global Macro Views: The 2021 US Data Tantrum
Global Macro Views: EM Contagion Risk
Global Macro Views: Another Sudden Stop in Turkey
Global Macro Views: How bad will the 2021 EM Flows Tantrum be?
Global Macro Views: The 2021 EM Flows Tantrum
Global Macro Views: FX Misalignments in 2021
Global Macro Views: Updating our EM FX Fair Values
Global Macro Views: Macro Rebalancing in Turkey
Global Macro Views: Full Employment Output Gaps
Global Macro Views: Output Gaps for Italy and Spain
Global Macro Views: Inflation-Consistent Output Gaps
GMV: Lessons from the 2013 Taper Tantrum
Global Macro Views: Taper Tantrum Risk in 2021
Global Macro Views: Last Lessons from 2020
Global Macro Views: More Lessons from 2020
Global Macro Views: Lessons from 2020
GMV: Devaluations and Export Volumes
GMV: The EM Flows Recovery
GMV: Updating our Exchange Rate Fair Values
GMV: The Not So Dominant Currency Paradigm
GMV: Large Devaluations in EM
GMV: EM Trade Volumes and COVID-19
GMV: China and the EM Positioning Overhang
GMV: How big is the EM Positioning Overhang?
GMV: EM Positioning after the COVID-19 Shock
CFR October 2020: A Slow and Uneven Recovery
GMV: The G-3 Struggle to Reflate
GMV: G-3 Currency Tensions
GMV: The YCC Straitjacket and the BoJ
GMV: The COVID-19 Shock and Global Growth
GMV: The Fed Shift to Average Inflation Targeting
GMV: Growing Differentiation in EM Flows
GMV: COVID-19 and Euro Zone Divergence
GMV: The Drivers of our Turkish Lira Fair Value
GMV: Is the Dollar Entering a Secular Decline?
GMV: COVID-19 and the Missing Inflation Puzzle
GMV: Ecuador and Ukraine Exchange Rate Valuation
GMV: Brazil vs Turkey in the COVID-19 Shock
GMV: Egypt and Pakistan Exchange Rate Valuation
GMV: Exchange Rate Valuations after the Storm
GMV: COVID-19 and the US Labor Market
GMV: The COVID-19 Shock and Turkey
GMV: Painful and Slow US Labor Market Recovery
GMV: The Growing Case for Flexible EM Exchange Rates
GMV: How Abnormal Were Q1 Outflows From EM?
GMV: The March Capital Flow Exodus from EM
GMV: QE in Emerging Markets
GMV: COVID-19 and EM Stabilization
GMV: COVID-19 and the G-3 Policy Response
GMV: COVID-19 and EM Policy Space
GMV: COVID-19 and EM Depreciation Pressure
Capital Flows Report: Sudden Stop in Emerging Markets
GMV: Exchange Rate Valuations in the COVID-19 Shock
GMV: COVID-19 Capital Flow Exodus from EM
GMV: Global Recession
GMV: The COVID-19 Recession
GMV: The COVID-19 Sudden Stop
Global Macro Views: COVID-19 and Global Growth
GMV: A Growing Credit Impulse across EM
Global Macro Views: Credit Expansion in Turkey
GMV: The Crisis in Prime-Age Male Employment
GMV: How Big is the “Missing Inflation” Puzzle in the US
Global Macro Views: The EM Investment Slump
GMV: Crisis versus Secular Stagnation EMs
GMV: How Much Labor Market Slack Remains?
GMV: The EM Secular Stagnation Problem
Global Macro Views: Secular Stagnation in EM
GMV: Current Account Deficit Financing in EM
GMV: The Inventory Correction in Global Manufacturing
GMV: Large Exchange Rate Misalignments in the G10
GMV: Is the Dollar Overshooting versus EM Currencies?
GMV: The Engine Room of our Inflation-Consistent NAIRUs
GMV: Colombia's Underlying Current Account Deficit
GMV: Inflation-consistent NAIRUs for Italy and Spain
GMV: Weak EM Currencies Are Failing to Lift Exports
GMV: Reverse-Engineering the Euro Zone NAIRU
Global Macro Views: Rising Deflation Risk in the Euro Zone
GMV: Key Macro Questions for the Annual Meetings
Global Macro Views: No Recession Signal from the US Labor Market
Global Macro Views: The Growing Debate over Output Gaps
GMV: The Manufacturing Recession vs the Services Economy
GMV: The Constructive Case for Global Growth and Risk Assets
Global Macro Views: Retail Employment and the US Labor Market
Global Macro Views: Trade Tensions and Supply Chains
Global Macro Views: RMB Weakening and EM Contagion Risk
Global Macro Views: Argentina's Sudden Stop
Global Macro Views: Rising Capital Outflows from China
Global Macro Views: What Scope for RMB Depreciation?
Global Macro Views: Is the Dollar Overvalued? (Part 1)
Global Macro Views: How Big is Dollar Long Positioning?
Global Macro Views: Why is the Dollar not Falling?
Global Macro Views: Rebalancing in Turkey and Argentina
Global Macro Views: Nonsense Output Gaps and Labor Markets
Global Macro Views: The EM Capital Flow Picture ahead of the G20
Global Macro Views: Trade Tensions and Global Growth
Global Macro Views: Nonsense Output Gaps and Current Account Positions
Global Macro Views: Nonsense Output Gaps and the Phillips Curve
Global Macro Views: Nonsense Output Gaps
Global Macro Views: Campaign against Nonsense Output Gaps (CANOO)
Global Macro Views: The FDI Shortage in EM
Global Macro Views: The EM Positioning Problem
Global Macro Views: Nothing Idiosyncratic about the EM Malaise
Global Macro Views: Credit-Dependent Growth in EM
Global Macro Views: A Destabilizing Dovish Shift from the Fed
Global Macro Views: Turkey’s External Vulnerability and Credit-Led Growth
April 2019 Capital Flows to Emerging Markets
Global Macro Views: Credit-Dependent Growth in Turkey
Global Macro Views: The EM Positioning Problem
Global Macro Views: Tracking the EM Positioning Overhang
Global Macro Views: The EM Positioning Overhang
Global Macro Views: Backtesting our FX Valuation Model
Global Macro Views: The Engine Room of our FX Fair Value Model
Global Macro Views: Updating our EM FX Fair Values
Global Macro Views: Currency Fair Value for Argentina and Turkey
Global Macro Views: The Fed Restarts the Wall of Money to EM
Global Macro Views: A Weak Rebound in Flows to EM
Global Macro Views: How Big is the Rebound in Flows to EM?
Global Macro Views: The Fed says Pause. Markets hear Stop.
Global Macro Views: Global Growth Fears are Overblown
Global Macro Views: Lessons Learned in 2018
Global Macro Views: Q&A on our new EM Positioning Measure
Global Macro Views: Capital Flows and EM Positioning
Global Macro Views: EM Positioning after the Sell-Off
Global Macro Views: Capital Flows during the EM Sell-Off
Global Macro Views: Euro Periphery Current Accounts
Global Macro Views: Output Gaps and Euro Fair Value
Global Macro Views: Euro Periphery Output Gaps