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.
She 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” (by Finance & Development, 2014). She was also named as a "Young Global Leader" as part of the World Economic Forum at Davos. She is a research associate at the NBER, a member of the Bellagio Group and Council on Foreign Relations, and on the Academic Advisory Board for the Peterson Institute for International Economics.
Forbes’ academic research addresses policy-related questions in international macroeconomics. Recent projects include work on capital flows, financial crises, contagion, 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 and received her PhD in economics from MIT.
Recent turbulence surrounding emerging markets has not changed her expectation that the next move in interest rates will be up.
Bank of England's monetary policy committee member Kristin Forbes has warned that the UK's economic recovery could be undermined if the central bank waits too long to raise interest rates.
Kristin Forbes, one of the nine people that set UK interest rates, has warned that interest rates will need to be increased well before inflation hits the Bank of England’s 2% target.
One of the nine economists who decide where interest rates should be has told me they will be going up in the "not too distant future".
British inflation is likely to rise quickly early next year from its current historically low levels, leaving the country at very little risk of persistent deflation, Bank of England policymaker...
Uncertainty about future inflation could cause companies to delay investment. Low inflation can make it more difficult to repay outstanding debt and may be a sign of underlying economic weakness.
Bank of England policymaker Kristin Forbes said on Monday that the most typical channels of contagion from the Greek debt crisis, such as banks' exposure to the country, are manageable.
When somebody sneezes, somebody else gets sick. The same goes for countries: When one nation’s financial health suffers, the malaise tends to spread. That’s financial contagion.
Smaller populations are not necessarily a bad thing.
When we set out to find a visionary and thinker in the financial sector to add to our collection of interviews, Kristin Forbes’ name was suggested to us by other economists, as well as from other...
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