Kristin J. Forbes


Kristin J. Forbes

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Kristin Forbes is the Jerome and Dorothy Lemelson Professor of Management and Global Economics at MIT’s Sloan School of Management.

She has regularly rotated between academia and senior policy positions. From 2014-2017 she was an external member of the Monetary Policy Committee for the Bank of England. From 2003 to 2005 Forbes served as a member of the White House’s Council of Economic Advisers and from 2001-2002 she was a deputy assistant secretary in the U.S. Treasury Department. She also was a member of the Governor’s Council of Economic Advisers for the state of Massachusetts from 2009-2014.

In 2019, Forbes was named an Honorary Commander of the Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II. She is currently the convener of the Bellagio Group, a research associate at the NBER and CEPR, and a member of the Aspen Economic Strategy Group and Council on Foreign Relations. She also serves in a number of advisory positions, such as the Monetary Policy Advisory Panel of the New York Federal Reserve Bank, the Advisory Panel for the Bank for International Settlements, and on the External Advisory Group of the Managing Director for the International Monetary Fund. Forbes’ academic research addresses policy-related questions in international macroeconomics, including monetary policy, macroprudential tools, capital flows, exchange rates, inflation, and 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 received her PhD in Economics from MIT and graduated summa cum laude with highest honors from Williams College.


Forbes wins 2021 digital teaching award

Queen Elizabeth bestows Forbes with Honorary Commander of the Order of the British Empire

Kristin Forbes receives Bicentennial Medal

Kristin Forbes has been named a life member of the Council on Foreign Relations

Kristin Forbes has been named as a member of the Governor's Council of Economic Advisors

Kristin Forbes was recently selected to be a member of the Trilateral Commission

Kristin Forbes and Simon Johnson have recently been appointed to the Congressional Budget Office's Panel of Economic Advisers


"The International Aspects of Macroprudential Policy."

Forbes, Kristin J. Annual Review of Economics Vol. 13,. Forthcoming. SSRN.

"Unwinding Monetary Stimulus in an Uneven Economy: Time for a New Playbook?"

Kristin J. Forbes. In Proceedings of the Jackson Hole Economic Symposium, Jackson Hole, WY: August 2021.

"Monetary Policy and Central Banking in the Covid Era."

Bill English, Kristin J. Forbes, and Ángel Ubide. London, UK: June 2021. Download eBook.

"Macroprudential Policy during COVID-19: The Role of Policy Space."

Bergant, Katharina, and Kristin J. Forbes, MIT Sloan Working Paper 6444-21. Cambridge, MA: MIT Sloan School of Management, September 2021.

"​Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability?"

​Ahnert, Toni, Kristin Forbes, Christian Friedrich, and Dennis Reinhardt. Journal of Financial Economics Vol. 140, No. 1 (2021): 145-174. SSRN. Dataset. Data and code.

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Recent Insights


MIT’s Golub Center for Finance and Policy names judges for the Miriam Pozen Prize

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.

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Ideas Made to Matter

Shifting risks could trigger the next financial shock

To avoid another fiscal crisis, pay attention to risks hiding in shadow financial systems, says MIT Sloan’s Kristin Forbes.

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