Kristin Forbes

Jerome and  Dorothy Lemelson Professor of Management
Professor of Global Economics and Management

Biography | Selected Publications

"Capital Controls and Macroprudential Measures: What are They Good For?" Forbes, Kristin J., Marcel Fratzscher, Thomas Kostka and Roland Straub. Journal of International Economics. Forthcoming.

"The Spillovers, Interactions, and (Un)Intended Consequences of Monetary and Regulatory Policies." Forbes, Kristin, Dennis Reinhardt, and Tomasz Wieladek. MIT Sloan Working Paper No. 5163-16. Cambridge, MA: MIT Sloan School of Management, February 1, 2016.

"The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through." Forbes, Kristin, Ida Hjortsoe, and Tsvetelina Nenova. MIT Sloan Working Paper 5149-15. November 11, 2015.

"Debt and Equity-Led Capital Flow Episodes." Forbes, Kristin J. and Francis Warnock. In Capital Mobility and Monetary Policy, edited by Carmen Reinhart and Miguel Fuentes. Santiago, Chile: Central Bank of Chile, 2015.

"Capital Flow Volatility and Contagion: A Focus on Asia." Forbes, Kristin J. In Managing Capital Flows: Issues in Selected Emerging Market Economics, edited by Bruno Carrasco, Subir Gokarn and Hiranya Mukhopadhyay, 3-31. New Delhi, India: Oxford University Press, 2014.

"Comment on 'Boom, Bust, Recovery: Forensics of the Latvia Crisis' by Olivier Blanchard, Mark Griffiths and Bertrand Gruss." Kristin J. Forbes. In Brookings Papers on Economic Activity: Fall 2013, edited by David H. Romer and Justin Wolfers. Washington, DC: May 2014.

"Turmoil in Emerging Markets: What’s Missing from the Story?” Forbes, Kristin. VoxEU, February 2014.

"Removing the Punch Bowl: Moderating Vulnerabilities from Global Economic Booms." Forbes, Kristin J. and Michael Klein, Working Paper. 2014.

"Policymaking in Crises: Pick Your Poison.” Forbes, Kristin and Michael Klein. VoxEU, December 2013.

"Pick Your Poison: The Choices and Consequences of Policy Responses to Crises." Forbes, Kristin J. and Michael Klein,  MIT Sloan Working Paper 5062-13. Cambridge, MA: MIT Sloan School of Management, October 2013.

"Capital Flow Waves: Surges, Stops, Flight and Retrenchment." Forbes, Kristin J. and Francis E. Warnock. Journal of International Economics Vol. 88, No. 2 (2012): 235-251. (2012)

"Introduction to the Special Issue on the Global Financial Crisis." Forbes, Kristin J., Jeffrey Frankel and Charles Engel. Journal of International Economics Vol. 88, No. 2 (2012): 215-218. (2012)

"The Global Financial Crises." Kristin Forbes, Jeffrey Frankel and Charles Engel. In Global Financial Crisis, edited by Kristen Forbes and Jeffrey Frankel. Waltham, MA: November 2012.

"Comment on 'Capital Controls: Gates and Walls' by Michael Klein." Kristin J. Forbes. In Brookings Papers on Economic Activity: Fall 2012, edited by David H. Romer and Justin Wolfers. Washington, DC: 2012.

"The “Big C”: Identifying and Mitigating Contagion." Kristin J. Forbes. In 2012 Economic Policy Symposium Proceedings: The Changing Policy Landscape. Jackson Hole, WY: August 2012.

"Bubble Thy Neighbor: Portfolio Effects and Externalities of Capital Controls." Forbes, Kristin J., Marcel Fratzscher, Thomas Kostka and Roland Straub, MIT-Sloan Working Paper 4962-12. Cambridge, MA: MIT Sloan School of Management, April 2012.

"Comment on 'Global Imbalances and Global Liquidity' by Pierre-Olivier Gourinchas." Kristin Forbes. In Asia's Role in the Post-Crisis Global Economy, edited by Reuven Glick and Mark Spiegel. San Francsico, CA: November 2011.

Capital Flow Waves.” Forbes, Kristin J. and Frank Warnock. Monetary Authority of Singapore Macroeconomic Review Volume 10, No. 2 (2011): 77-81. (2011)

"Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act." Dharmapala, Dhammika, C. Fritz Foley and Kristin J. Forbes. Journal of Finance Vol. 66, No. 3 (2011): 753-787. (2011)

"Comment on 'The Initial Impact of the Crisis on Emerging Market Countries' by Olivier Blanchard, Mitali Das and Hamid Faruqee." Kristin J. Forbes. In Brookings Papers on Economic Activity: Spring 2010, edited by David H. Romer and Justin Wolfers. Washington, DC: 2010.

"Why do Foreigners Invest in the United States?" Forbes, Kristin J. Journal of International Economics Vol. 80, No. 1 (2010): 3-21. (2010)

‚Äč"Financial Deepening and Global Currency Usage." Forbes, Kristin J. In The Euro at Ten: The Next Global Currency?, edited by Jean Pisani-Ferry and Adam S. Posen, 41-51. Washington, DC: Peterson Institute of International Economics, 2009.

"Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations." Desai, Mihir A., C. Fritz Foley and Kristin J. Forbes. Review of Financial Studies Vol. 21, No. 6 (2008): 2857-2888. (2008)

"Capital Controls." Forbes, Kristin J. In The New Palgrave Dictionary of Economics, edited by Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmilan, 2008.

"Comment on 'The Unsustainable U.S. Current Account Position Revisited,' by Obstfeld, Maurice and Kenneth Rogoff." Kristin J. Forbes. In G7 Current Account Imbalances: Sustainability and Adjustment, edited by Richard H. Clarida. Chicago, IL: May 2007.

"The Microeconomic Evidence on Capital Controls: No Free Lunch." Forbes, Kristin J. In Capital Controls and Capital Flows in Emerging Economics: Policies, Practices, and Consequences, edited by Sebastian Edwards, 171-199. Chicago, IL: University of Chicago Press, 2007.

"Global Imbalances: A Source of Strength or Weakness?" Forbes, Kristin J. The Cato Journal Vol. 27, No. 2 (2007): 193-202. (2007)

"One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms." Forbes, Kristin J. Journal of International Economics Vol. 71, No. 2 (2007): 294-323. (2007)

"The Microeconomic Evidence on Contagion, Capital Controls and Capital Flows." Forbes, Kristin J. NBER Reporter: Research Summary (2007): 13-15. (2007)

"A Shock-Smoothing Facility for the IMF." Forbes, Kristin J. In Reforming the IMF for the 21st Century, edited by Edwin M. Truman, 365-384. Washington, DC: Peterson Institute of International Economics, 2006.

"A Perfect Storm?" Kristin J. Forbes. In Global Agenda – Publication at the Annual Meetings of the World Economic Forum. Davos-Klosters, Switzerland, 2006.

"Comment on 'Addressing Global Imbalances: The Role for Macroeconomic Policy,' by Issing, Otmar." Kristin J. Forbes. In Productivity, Competitivity and Globalisation. Paris: Banque de France: November, 2005.

"Trade Linkages and Output-Multiplier Effects: A Structural VAR Approach with a Focus on Asia." Abeysinghe, Tilak and Kristin Forbes. Review of International Economics, 13(2): 356-375. (2005)

"Financial Market Integration, the Euro, and the Role of Growth." Forbes, Kristen J. In The Euro at Five: Ready for A Global Role?, edited by Adam S. Posen, 99-110. Washington, DC: Peterson Institute of International Economics, 2005.

"Capital Controls: Mud in the Wheels of Market Efficiency." Forbes, Kristin J. The Cato Journal Vol. 25, No. 1 (2005): 153-166. (2005)

"Capital Controls: Mud in the Wheels of Market Discipline." Forbes, Kristin J. In Market Discipline Across Countries and Industries, edited by Claudio Borio, William C. Hunter, George G. Kaufman and Kostas Tsatsaronis, 197-210. Cambridge, MA: MIT Press, 2004.

"A Decomposition of Global Linkages in Financial Markets Over Time." Forbes, Kristin J. and Menzie Chinn. Review of Economics and Statistics Vol. 86, No. 3 (2004): 705-722. (2004)

"Symposium on Global Linkages." Brooks, Robin, Ashoka Mody and Kristin J. Forbes. Review of Economics and Statistics Vol. 86, No. 3 (2004): 641-734. (2004)

"U.S. Manufacturing: Challenges and Recommendations." Forbes, Kristin. Business Economics Vol. 39, No. 3 (2004): 30-37. (2004)

"The Asian Flu and Russian Virus: The International Transmission of Crises in FirmLevel Data." Forbes, Kristin J. Journal of International Economics Vol. 63, No. 1 (2004): 59-92. (2004)

"Comment on 'Securities Transaction Taxes and Financial Markets'" by Karl Habermeier and Andrei Kirilenko." Kristin J. Forbes. In IMF Staff Papers Special Issue: IMF Third Annual Research Conference, edited by Robert P. Flood. Washington, DC: August 2003.

Dancing in Unison? Economists Lack Evidence of Increasing Synchronization of the World’s Economies.” Brooks, Robin, Kristin Forbes, Jean Imbs and Ashoka Mody. Finance and Development Vol. 40, No. 2 (2003): 46-49. (2003)

"Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms." Forbes, Kristin J. Journal of Development Economics Vol. 69, No. 2 (2002): 335-365. (2002)

"No Contagion, Only Interdependence: Measuring Stock Market Co-Movements." Forbes, Kristin J. and Roberto Rigobon. The Journal of Finance Vol. 57, No. 5 (2002): 2223-2261. (2002)

"Global Linkage Pre-Conference." Brooks, Robin, Kristin Forbes and Ashoka Mod. IMF Research Bulletin Vol. 3, No. 3 (2002): 10-11. (2002)

"Comment on 'Long-Term Capital Movements' by Gian Maria Milesi-Ferretti and Philip Lane". Kristin J. Forbes. In NBER Macroeconomics Annual 2001, edited by Ben Bernanke and Kenneth Rogoff. Cambridge, MA: 2002.

"Are Trade Linkages Important Determinants of Country Vulnerability to Crises?" Forbes, Kristin J. In Preventing Currency Crises in Emerging Markets, edited by Sebastian Edwards and Jeffrey Frankel, 77-132. Chicago, IL: University of Chicago Press, 2002.

"How Do Large Depreciations Affect Firm Performance?" Forbes, Kristin J. IMF Staff Papers, Vol. 49 (2002): 214-238. (2002)

"Contagion in Latin America: Definitions, Measurement, and Policy Implications." Forbes, Kristin and Roberto Rigobon. Economia Vol. 1, No. 2 (2001): 1-46. (2001)

"Skill Classification Does Matter: Estimating the Relationship Between Trade Flows and Wage Inequality." Forbes, Kristin J. Journal of International Trade and Economic Development Vol. 10, No. 2 (2001): 175-209. (2001)

International Financial Contagion. Claessens, Stijn and Kristin Forbes. New York, NY: Kluwer Academic Publishers, 2001.

"International Financial Contagion: An Overview." Claessens, Stijn and Kristin Forbes. In International Financial Contagion, edited by Claessens, Stijn, and Kristin Forbes, 3-17.  New York, NY: Kluwer Academic Publishers, 2001.

"Measuring Contagion: Conceptual and Empirical Issues." Forbes, Kristin and Roberto Rigobon. In International Financial Contagion, edited by Stijn Claessens and Kristin Forbes, 43-66.  New York, NY: Kluwer Academic Publishers, 2001.

"How are Shocks Propagated Internationally? Firm-Level Evidence from the Asian and Russian Crises." Forbes, Kristin. In Financial Crises in Emerging Markets, edited by Reuven Glick, Ramon Moreno and Mark M. Spiegel, 106-159. Cambridge, UK: Cambridge University Press, 2001.

"How do Currency Crises Spread Internationally?" Forbes, Kristin. Corporate Finance Review Vol. 5, No. 3 (2000): 3-10. (2000)

"A Reassessment of the Relationship Between Inequality and Growth." Forbes, Kristin J. American Economic Review Vol. 90, No. 4 (2000): 869-887. (2000)

"Review of New Theories in Growth and Development."  Forbes, Kristin. Review of New Theories in Growth and Development, edited by Fabrizio Coricelli, Massimo Matteo and Frank Hahn. The Economic Journal, November 1999.

 

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General Expertise
Applied economics; Austerity; Contagion; Currency; Economic crisis; Economics; Emerging markets; Federal Reserve; Global economics; Inflation; Interest rates; International economics; International finance; Macroeconomics; Monetary policy; United Kingdom; United States