Faculty
Kristin Forbes is the Jerome and Dorothy Lemelson Professor of Management and Global Economics at MIT’s Sloan School of Management.
In 2014 she also became an External Member of the Monetary Policy Committee for the Bank of England. This dual role continues her tradition of combining academics with senior policy positions. From 2003 to 2005 Forbes served as a Member of the White House’s Council of Economic Advisers, where she was the youngest person to ever hold this position. From 2001-2002 she worked in the U.S. Treasury Department as the Deputy Assistant Secretary of Quantitative Policy Analysis, Latin American and Caribbean Nations. She also was a member of the Governor’s Council of Economic Advisers for the State of Massachusetts from 2009-2014.
Forbes was recently honored as one of the top 25 economists under the age of 45 who are “shaping how we think about the global economy” and in 2015 received a Bicentennial Medal from Williams College. She was previously named as a "Young Global Leader" as part of the World Economic Forum at Davos. Forbes is currently a research associate at the NBER, and a member of the Bellagio Group and Council on Foreign Relations.
Forbes’ academic research addresses policy-related questions in international macroeconomics. Recent projects include work on capital flows, financial crises, contagion, exchange rates, capital controls, macroprudential regulation, foreign investment, and tax holidays. Forbes has chaired research projects on the Global Financial Crisis, Global Linkages and International Financial Contagion. She has won numerous teaching awards and teaches one of the most popular classes at MIT's Sloan School.
Before joining MIT, Forbes worked at the World Bank and Morgan Stanley. She graduated summa cum laude from Williams College with a BA in economics and received her PhD in economics from MIT.
Forbes, Kristin J. Lewis Kirkham, and Konstantinos Theodoridis. The Manchester School. Forthcoming.
Forbes, Kristin J. Annual Review of Economics Vol. 13,. Forthcoming. SSRN.
Ahnert, Toni, Kristin Forbes, Christian Friedrich, and Dennis Reinhardt. Journal of Financial Economics. Forthcoming. Data and code. Dataset.
Forbes, Kristin, Ida Hjortsoe, and Tsvetelina Nenova. IMF Economic Review Vol. 68, No. 4 (2020): 721-763. Data Replication Files. Latest version.
Forbes, Kristin J., Joseph Gagnon, and Christopher Collins, MIT Sloan Working Paper 6101-20. Cambridge, MA: MIT Sloan School of Management, May 2020. SSRN. Selected Press Mentions: Central Bank. Data, code, and output files.
Forbes, Kristin J. AEA: Papers and Proceedings Vol. 110, (2020): 516-622. Data set.
Judges are Mohamed A. El-Erian, Kristin J. Forbes, Deborah J. Lucas, Robert C. Merton, Ronald P. O’Hanley, Henry M. Paulson, Jr., Raghuram R. Rajan, and Robert Zoellick.
To avoid another fiscal crisis, pay attention to risks hiding in shadow financial systems, says MIT Sloan’s Kristin Forbes.
Recent work by [Prof.] Kristin Forbes...suggests that domestic inflation has become more responsive over time to global factors.
Prof. Kristin Forbes...talks about Joe Biden's stimulus proposal and Federal Reserve policy.
“Bailey's argument was that QE is a...powerful tool, especially when markets are disorderly...No one's really made that argument the same way.”
"...many countries might soon face a debt crisis on top of their health and economic crises — especially if growth recovers slowly."
