Faculty
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, Kristin J. and Francis E. Warnock. Journal of International Money and Finance. Forthcoming. Earlier working paper in November 2019. Variable definitions and sources. Control variables. Updated list of episodes. Underlying capital flow data. Info on datasets. NBER Working Paper No. 26851.
Forbes, Kristin J. Annual Review of Economics Vol. 13,. Forthcoming. SSRN.
Bill English, Kristin J. Forbes, and Ángel Ubide. London, UK: June 2021. Download eBook.
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.
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.
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.
“Climate change is important for financial stability issues...But...I worry that central banks just don't have effective tools…"
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.”
