Gene Frieda
Gene Frieda is a Non-resident Fellow at Bruegel. His work focuses on the interaction between macroeconomic policy, capital flows and systemic risk.
Gene Frieda is a global macro strategist with over three decades of experience across advanced and emerging markets, specialising in foreign exchange, sovereign debt and financial market structure.
He speaks English, Portuguese, Spanish and French.
Frieda is a Senior Visiting Fellow at the London School of Economics and has advised central banks and international institutions including the International Monetary Fund and the Bank for International Settlements. Previously, he has held senior roles at BlueCrest Capital Management, Caxton Associates and PIMCO, where he served as a rotating member of the Global Investment Committee and co-led the emerging markets portfolio committee and global FX strategy. He previously was a partner at Moore Capital and global head of emerging markets research at the Royal Bank of Scotland.
Disclosure of interests
Featured work
Europe’s rearmament problem is demand, not ‘help to buy’
A proposed bank to finance defence spending does not seem designed to fix more fundamental fragmentation problems, and may even reinforce them
The energy shock for which there is no playbook
The US-Iran conflict may be ending but coping with its inflation and fiscal consequences will be challenging for months ahead
When oil is scarce and debt is binding: policy sequencing under a severe energy supply shock
With inflation still binding and fiscal space thin, the 2026 Iran shock revives the case for pre-committed, conditional yield anchors with clear exit
All work
First Glance
06 July 2026
Europe’s rearmament problem is demand, not ‘help to buy’
A proposed bank to finance defence spending does not seem designed to fix more fundamental fragmentation problems, and may even reinforce them
First Glance
16 June 2026
The energy shock for which there is no playbook
The US-Iran conflict may be ending but coping with its inflation and fiscal consequences will be challenging for months ahead
Working paper
11 June 2026
When oil is scarce and debt is binding: policy sequencing under a severe energy supply shock
With inflation still binding and fiscal space thin, the 2026 Iran shock revives the case for pre-committed, conditional yield anchors with clear exit