Robin Brooks (@robin_j_brooks) 's Twitter Profile
Robin Brooks

@robin_j_brooks

Senior Fellow @BrookingsInst, previously Chief Economist @IIF and Chief FX Strategist @GoldmanSachs. Opinions are my own. Email: [email protected].

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calendar_today20-07-2017 19:27:11

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Turkey is a cautionary tale for Brazil. President Erdogan fired CBRT Governor Agbal in Mar. '21, forcing CBRT to cut rates. What followed was a collapse in the Lira, hyperinflation and Turkey's policy rate is now MUCH higher than it would have been without this "experiment..."

Turkey is a cautionary tale for Brazil. President Erdogan fired CBRT Governor Agbal in Mar. '21, forcing CBRT to cut rates. What followed was a collapse in the Lira, hyperinflation and Turkey's policy rate is now MUCH higher than it would have been without this "experiment..."