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. MITSloan Working Paper 5061-13. Forthcoming in Journal of International Economics.

"Turmoil in Emerging Markets: What’s Missing from the Story?” Forbes, Kristin J. In VoxEU, February 5, 2014.

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

"Debt and Equity-Led Capital Flow Episodes." Forbes, Kristin J., and Francis Warnock. In Fuentes, Miguel, and Carmen M. Reinhart (eds.), Capital Mobility and Monetary Policy. Santiago: Central Bank of Chile. (2014)

"Policymaking in Crises: Pick Your Poison.” Forbes, Kristin J., and Michael Klein. In VoxEU, December 24, 2013.

Comment on “Boom, Bust, Recovery: Forensics of the Latvia Crisis” by Olivier Blanchard, Mark Griffiths and Bertrand Gruss (2013). In Brookings Papers on Economic Activity: Fall 2013, pgs. 372-381.

"Capital Controls and Macroprudential Measures: What Are They Good For?" Forbes, Kristin J., Marcel Fratzscher, and Roland Straub (2013). Working Paper. (2013)

Capital Flow Waves: Surges, Stops, Flight and Retrenchment." Forbes, Kristin J., and Francis Warnock (November 2012). Journal of International Economics, 88(2): 235-251.

Comment on “Capital Controls: Gates and Walls” by Michael Klein (2012). Forbes, Kristin J. In Brookings Papers on Economic Activity: Fall 2012, 356-363.

"Introduction to the Special Issue on the Global Financial Crisis." Forbes, Kristin J., Charles Engel, and Jeffrey Frankel (2012). Journal of International Economics, 88(2): 215-218. (2012)

"The “Big C”: Identifying and Mitigating Contagion." Forbes, Kristin J. "The Changing Policy Landscape." 2012 Jackson Hole Symposium hosted by the Federal Reserve Bank of Kansas City, 23-87.

"The Global Financial Crises." Forbes, Kristin J., Charles Engel, and Jeffrey Frankel (2012). An NBER research conference and two policy symposia on the Global Financial Crisis and Euro Crisis. (2012)

“Capital Flow Waves.” Forbes, Kristin J., and Frank Warnock (October 2011). Special Feature in Monetary Authority of Singapore’s Macroeconomic Review, 77-81.

Comment on “Global Imbalances and Global Liquidity” by Pierre-Olivier Gourinchas (2011). Forbes, Kristin J. In Glick, Reuven, and Mark Spiegel (eds.), “Asia’s Role in the Post-Crisis Global Economy.” 341-346. (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 (2011). Journal of Finance, 66(3): 753-787. (2011)

Comment on “The Initial Impact of the Crisis on Emerging Market Countries” by Olivier Blanchard, Mitali Das, and Hamid Faruqee (2010). Forbes, Kristin J. In Brookings Papers on Economic Activity: Spring 2010, 308-315.

Why do Foreigners Invest in the United States? Forbes, Kristin J. (2010). Journal of International Economics, 80(1): 3-21. (2010)

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

"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 (2009). NBER Working Paper #15023. (2009)

"Capital Controls." Forbes, Kristin J. (2008). In Durlauf, Steven N., and Lawrence E. Blume. The New Palgrave Dictionary of Economics, 2nd edition. Palgrave Macmilan, 2008.

"Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises." Desai, Mihir, Fritz Foley, and Kristin J. Forbes (2008). Review of Financial Studies, 21(6): 2857-2888. (2008)

"Why Do Foreigners Invest in the United States?" Forbes, Kristin J. (2008). Working Paper. (2008)

"Comment on The Unsustainable U.S. Current Account Position Revisited,'" by Obstfeld, Maurice, and Kenneth Rogoff. (2007). Forbes, Kristin J. In Clarida, Richard (ed.), G-7 Current Account Imbalances: Sustainability and Adjustment. Chicago: University of Chicago Press, 367-75. (2007)

"Global Imbalances: A Source of Strength or Weakness?" Forbes, Kristin J. (2007). The Cato Journal, 27(2): 193-202. (2007)

"One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms." Forbes, Kristin J. (2007). Journal of International Economics, 71(2): 294-323. (2007)

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

"A Perfect Storm?" Forbes, Kristin J. (2006). In Global Agenda – Publication at the Annual Meetings of the World Economic Forum, 98-99. (2006)

"A Shock-Smoothing Facility for the IMF." Forbes, Kristin J. (2006). In Truman, Edwin (ed.), Reforming the IMF for the 21st Century. Washington, D.C.: Institute of International Economics, 365-384. (2006)

"The Microeconomic Evidence on Contagion, Capital Controls and Capital Flows." Forbes, Kristin J. (Winter 2006). NBER Reporter, 13-15

"Capital Controls: Mud in the Wheels of Market Efficiency." Forbes, Kristin J. (2005). The Cato Journal, 25(1): 153-166. (2005)

"Comment on 'Addressing Global Imbalances: The Role for Macroeconomic Policy," by Issing, Otmar (2005). Forbes, Kristin J. In Productivity, Competitivity and Globalisation. Paris: Banque de France, 123-127. (2005)

"Financial Market Integration, the Euro, and the Role of Growth." Forbes, Kristin J. In Posen, Adam (ed.), The Euro at Five: Ready for A Global Role? Washington, D.C.: Institute of International Economics, 2005, 99-110.

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

"A Decomposition of Global Linkages in Financial Markets Over Time." Forbes, Kristin J., and Menzie Chinn (August 2004). Review of Economics and Statistics, 86(3): 705-722.

"U.S. Manufacturing: Challenges and Recommendations." Forbes, Kristin J. (July 2004). Business Economics, 30-37.

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

"Symposium on Global Linkages." Brooks, Robin, Ashoka Mody, and Kristin J. Forbes (August 2004). Review of Economics and Statistics, 86(3), pgs. 641-734.

"The Asian Flu and Russian Virus: The International Transmission of Crises in FirmLevel Data." Forbes, Kristin J. (May 2004). Journal of International Economics, 63(1): 59-92.

“Dancing in Unison? Economists Lack Evidence of Increasing Synchronization of the World’s Economies.” Brooks, Robin, Kristin J. Forbes, Jean Imbs, and Ashoka Mody (June 2003). Finance and Development, 46-49.

"Comment on 'Securities Transaction Taxes and Financial Markets'" by Karl Habermeier and Andrei Kirilenko. Forbes, Kristen J. (2003) IMF Staff Papers, 50: 181-186. (2003)

"Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms." Forbes, Kristin J. (December 2002). Journal of Development Economics, 69(2): 335-365.

"Global Linkage Pre-Conference." Brooks, Robin, Kristin J. Forbes, and Ashoka Mody (September 2002). IMF Research Bulletin.

"Are Trade Linkages Important Determinants of Country Vulnerability to Crises?" Forbes, Kristin J. In Edwards, Sebastian, and Jeffrey Frankel (eds.), Preventing Currency Crises in Emerging Markets. University of Chicago Press. (2002)

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

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

"Skill Classification Does Matter: Estimating the Relationship Between Trade Flows and Wage Inequality." Forbes, Kristin J. (June 2001). Journal of International Trade and Economic Development, 10(2): 175-209.

"Contagion in Latin America: Definitions, Measurement, and Policy Implications." Forbes, Kristin J., and Roberto Rigobon (Spring 2001). Economia 1(2): 1-46.

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

"International Financial Contagion." Volume edited by Stijn Claessens and Kristin Forbes. Kluwer Academic Publishers. (2001)

"International Financial Contagion: An Overview." Forbes, Kristin J., and Stijn Claessens. In Claessens, Stijn, and Kristin Forbes (eds.), International Financial Contagion. Kluwer Academic Publishers, 2001, 3-17.

"Measuring Contagion: Conceptual and Empirical Issues." Forbes, Kristin J., and Roberto Rigobon. In Claessens, Stijn, and Kristin Forbes (eds.), International Financial Contagion. Kluwer Academic Publishers, 43-66. (2001)

"How do Currency Crises Spread Internationally?" Forbes, Kristin J. (November/December 2000). Corporate Finance Review, 5(3): 3-10.

"A Reassessment of the Relationship Between Inequality and Growth." Forbes, Kristin J. (September 2000). American Economic Review, 90(4): 869-887.

How do Currency Crises Spread Internationally? (2000)

"Review" New Theories in Growth and Development (1999)

"Review of New Theories in Growth and Development." Forbes, Kristin J. (1999). In Coricelli, F., M. di Matteo, and F. Hahn (eds.), The Economic Journal, 109(459): F806-807. (1999)

Comment on “Long-Term Capital Movements” by Gian Maria Milesi-Ferretti and Philip Lane. Forbes, Kristin J. (2002). In Bernanke, Ben, and Kenneth Rogoff (eds.), NBER Macroeconomics Annual 2001. Cambridge, MA: M.I.T. Press, 116-126.

 

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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