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 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.

Faculty Media

  • BOE’s Forbes Votes for Rate Hike, Others May Not Be Far Behind

    Bank of England policy maker Kristin Forbes voted for an interest-rate increase and some others indicated they may not be far behind her.

  • Bank of England to Lose Rebel Voice Against Brexit Consensus

    One of the Bank of England’s most vocal dissenters is moving on, just as Brexit’s surprises make alternative views more valuable.

  • Bank of England Keeps Rates on Hold; Forbes Votes for Hike

    Kristin Forbes, an external member of the central bank’s Monetary Policy Committee, voted to raise rates by a quarter of a percentage point.

  • 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.

  • 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.

  • 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...

  • 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.


Contact Information

Office: E62-416
Phone: (617) 253-8996
Fax: (617) 253-2660
Support Staff
Name: Channa Yem
Phone: (617) 324-7519