Kristin J. Forbes


Kristin J. Forbes


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.


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


"A Trendy Approach to UK Inflation Dynamics."

Forbes, Kristin J. Lewis Kirkham, and Konstantinos Theodoridis. The Manchester School. Forthcoming.

"The International Aspects of Macroprudential Policy."

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

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

​Ahnert, Toni, Kristin Forbes, Christian Friedrich, and Dennis Reinhardt. Journal of Financial Economics. Forthcoming. Data and code. Dataset.

"International Evidence on Shock-Dependent Exchange Rate Pass-Through."

Forbes, Kristin, Ida Hjortsoe, and Tsvetelina Nenova. IMF Economic Review Vol. 68, No. 4 (2020): 721-763. Data Replication Files. Latest version.

"Low Inflation Bends the Phillips Curve Around the World."

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.

"Do Sounder Banks Make Calmer Waters? The Link Between Bank Regulations and Capital Flow Waves."

Forbes, Kristin J. AEA: Papers and Proceedings Vol. 110, (2020): 516-622. Data set.

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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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