Papers by Kristin Forbes

Kristin Forbes

Lemelson Professor of Management and Global Economics · MIT Sloan School of Management

Jerome and Dorothy Lemelson Professor of Management and Global Economics at MIT Sloan. Her research is in international macroeconomics, capital flows, and macroprudential and monetary policy; she was an external member of the Bank of England's Monetary Policy Committee from 2014 to 2017.

Showing 3 papers

Published Classic Journal of Financial Economics Published Apr 2021

Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?

Toni Ahnert · Kristin Forbes · Christian Friedrich · Dennis Reinhardt

Macroprudential rules on banks' foreign currency exposure do what they are meant to do -- cross-border FX borrowing by banks falls by roughly a third, and bank stock returns become markedly less …

Macroprudential Policy Exchange Rates Capital Flows Financial Stability Free Read ↗

Online First Journal of Money, Credit and Banking Online 29 Jul 2026

Quantitative Tightening Around the Globe: What Have We Learned?

Wenxin Du · Kristin Forbes · Matthew Luzzetti

Drawing on the recent experience of seven advanced-economy central banks, this paper offers the first cross-country assessment of quantitative tightening (QT) — the unwinding of bond holdings …

Unconventional Monetary Policy Quantitative Easing Balance Sheet Policy Term Structure Yield Curve Banking Credit Free Read ↗

Published Classic Journal of International Economics Published May 2022

Spillovers at the extremes: The macroprudential stance and vulnerability to the global financial cycle

Anusha Chari · Karlye Dilts-Stedman · Kristin Forbes

A country's macroprudential stance looks irrelevant to portfolio flows on average, but that average hides the tails. Countries with tighter ex-ante regulation see larger bond and equity outflows in …

Macroprudential Policy Capital Flows Financial Stability International Finance Free Read ↗

Career

2009 – present Jerome and Dorothy Lemelson Professor of Management and Global Economics, MIT Sloan School of Management
2014 – 2017 External Member, Monetary Policy Committee, Bank of England
2002 – 2009 Associate Professor of Economics, MIT Sloan School of Management
2003 – 2005 Member, Council of Economic Advisers, White House
2001 – 2002 Deputy Assistant Secretary, U.S. Treasury Department
1998 – 2002 Assistant Professor of Economics, MIT Sloan School of Management