Kristin Forbes


Jerome and Dorothy Lemelson Professor of Management
Professor of Global Economics and Management

 

Kristin ForbesKristin Forbes is the Jerome and Dorothy Lemelson Professor of Management and a Professor of Global Economics and Management at the MIT 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 using her academic background to inform her role in 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.

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.


Faculty Media

  • Interest Rate Hike Expected in 'Not Too Distant Future'

    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".


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  • Bank of England’s Forbes Expects Inflation to Rebound Next Year

    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...


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  • Kristin Forbes: Zero Inflation is Here — But There's No Need for Soul-Searching

    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.


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  • Bank of England's Forbes Sees Little Contagion Risk from Greece

    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.


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  • Financial Contagion

    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.


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  • Shrinking Populations Pose a Huge Economic Opportunity

    Smaller populations are not necessarily a bad thing.


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  • The Editorial.com Interview—Kristin Forbes

    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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  • MIT Sloan Professor Kristin Forbes Named to U.K. Monetary Policy Committee

    MIT Sloan Professor Kristin Forbes has been appointed as an external member of the U.K. Monetary Policy Committee (MPC) by Chancellor of the Exchequer George Osborne.


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  • Contagion Thesis Once Derided Proven by Kristin Forbes

    Kristin Forbes, an economist at MIT, talks about global financial markets and the European debt crisis. Forbes, who authored a paper presented at the Kansas City Fed's annual meeting of economists...


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  • Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls

    A working paper: We use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and externalities from capital controls on investor portfolios.


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Contact Information

Office: E62-416
Phone: (617) 253-8996
Fax: (617) 253-2660
Email: kjforbes@mit.edu
Website: http://web.mit.edu/kjforbes/www/index.html
Support Staff
Name: Sumaiya Rahman
Phone: (617) 253-6679