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
Kristin Forbes, Joseph Doyle, Miro Kazakoff, Andrew Lo, Arathi Mehrotra, Nikolaos Trichakis, Adrien Verdelhan, and Sean Willems have each won a 2021 Teaching with Digital Technology Award from MIT for their work teaching on campus and/or remotely. These student-nominated awards recognize faculty and instructors who have used digital technology to improve teaching and learning for MIT students. This recognition also gives the MIT community the opportunity to learn from their innovative practices.
The awards are co-sponsored by MIT Open Learning and the Office of the Vice Chancellor. This year students submitted a total of 230 nominations for 104 faculty and instructors, and 23 winners (35% from MIT Sloan) were selected by Dean for Digital Learning Krishna Rajagopal and Vice Chancellor Ian Waitz, in partnership with a panel of MIT students.
Queen Elizabeth bestows Forbes with Honorary Commander of the Order of the British Empire
Kristin Forbes has been named an Honorary Commander of the Order of the British Empire (CBE) by Her Majesty Queen Elizabeth II for services to the British economy (recognizing Forbes’ outstanding service contributions from 2014 to 2017 as an External Member of the Monetary Policy Committee of the Bank of England). Appointments to The Most Excellent Order of the British Empire reward contributions to the arts and sciences, work with charitable and welfare organizations, and public service. A CBE is among the most prestigious honors bestowed in the United Kingdom (after the highest, Knight or Dame). Awards given to non-UK citizens are “honorary.” Recipients of the award traditionally receive the insignia of the Order in London at Buckingham Palace, in an Investiture ceremony presided over by Queen Elizabeth II (or her designate, such as the Prince of Wales).
Kristin Forbes receives Bicentennial Medal
Kristin Forbes has received a Bicentennial Medal from Williams College. The award is given to a small number of alumni each year for distinguished achievement in their fields.
Kristin Forbes has been named a life member of the Council on Foreign Relations
Kristin Forbes was named a life member of the Council on Foreign Relations (CFR), a nonpartisan and independent national membership organization, think tank, and publisher. The CFR is dedicated to being a resource for policymakers and interested citizens to help them better understand the world and the foreign policy choices facing the United States and other countries.
Kristin Forbes has been named as a member of the Governor's Council of Economic Advisors
Kristin Forbes has been named by Governor Deval Patrick as a member of the Governor's Council of Economic Advisors.
Kristin Forbes was recently selected to be a member of the Trilateral Commission
"The Trilateral Commission is a non-governmental, policy-oriented discussion group of about 350 distinguished citizens from Western Europe, North America and Pacific Asia formed to encourage mutual understanding and closer cooperation among these three regions on common problems."
Kristin Forbes and Simon Johnson have recently been appointed to the Congressional Budget Office's Panel of Economic Advisers
Kristin Forbes and Simon Johnson have recently been appointed to the Congressional Budget Office's Panel of Economic Advisers. The Congressional Budget Office is the non-partisan organization that provides the formal analysis for Congress -- most importantly the estimates of the costs of different proposals that are then used as inputs for proposed legislation and the Congressional budget process.