Kristin Forbes

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


Kristin Forbes Kristin 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

  • Opinion: Watch this Global Market for Clues about Inflation and Interest Rates

    A new framework — one that places more weight on why the exchange rate is moving — is needed.

  • Interest Rates to Rise 'Sooner Rather Than Later', Says Bank of England's Kristin Forbes

    Recent turbulence surrounding emerging markets has not changed her expectation that the next move in interest rates will be up.

  • Bank of England's Kristin Forbes Warns of Risks in Keeping Rates Low for Too Long

    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.

  • MPC Member Warns of Delaying Rate Rise

    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.

  • 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".

  • 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...

  • 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.

  • 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.

  • 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.

  • Shrinking Populations Pose a Huge Economic Opportunity

    Smaller populations are not necessarily a bad thing.


Contact Information

Office: E62-416
Phone: (617) 253-8996
Fax: (617) 253-2660
Support Staff
Name: Sumaiya Rahman
Phone: (617) 253-6679