RaboResearch - Economic Research

Hugo Erken

Senior Economist

Hugo Erken works as a senior economist at RaboResearch Global Economics & Markets.

He is a country analyst for the US, Canada, Mexico, India and a number of other South Asian countries. In addition, he works on economic forecasting, scenario analysis and a wide range of macro-economic topics, with a special interest in the labour market and productivity. Previously, Hugo was an analyst for China, the euro area, Germany and France.

Hugo graduated in International Economics at Radboud University Nijmegen and wrote his PhD dissertation on Productivity, R&D and Entrepreneurship at the Erasmus University Rotterdam. Previously, Hugo has worked for the Dutch Ministry of Economic Affairs, the Dutch Ministry of Social Affairs and Employment, and the CPB Netherlands Bureau for Economic Policy Analysis.

Publications Hugo Erken

Economic Report

Is the Reserve Bank of India (RBI) making a policy error?

We believe the Reserve Bank of India (RBI) is making a policy error after the last MPC meeting by keeping its policy rates on hold. There is a risk that the RBI is underestimating the inflationary pressure in the Indian economy and the impact of the ongoing Fed tightening cycle.

Economic Report

Weathering the Indian rupee storm

The Indian rupee is the worst performing currency in Asia, losing 12% this year. We use two approaches (an EM Vulnerability Heatmap and an integrated model) to delve deeper into the fundamentals of the INR and assess whether the current weak levels are justified.

Special

Emerging Markets Vulnerability Heatmap

We present a ‘new and improved’ version of Rabo’s Emerging Market Vulnerability Heatmap which is constructed from a more comprehensive list of inputs. The heatmap highlights ARS, TRY and ZAR as the most vulnerable emerging market currencies.

Special

An assessment of the Indian rupee crisis

The Indian rupee (INR) has been the worst performing currency in Asia, losing more than 12%. Given the outcome of our EM Vulnerability Heatmap, models and expected additional policy interventions, we expect strengthening of the Indian rupee in the short term.

Economic Report Dutch version

New round of US tariffs raises the pressure on China

On 24 September the United States have installed tariffs on another 200 billion USD imports from China. China responded with tariffs on 60 billion USD of imports from the US. We expect the negative economic effects to be more pronounced for China than for the US.