Kristin Forbes

Kristin J. Forbes (born August 21, 1970) is an American economist, presently an external member of the Monetary Policy Committee of the Bank of England and the Jerome and Dorothy Lemelson Professor of Management and Global Economics at the MIT Sloan School of Management.

The eldest of three children born to orthopedist father and a stay-at-home Mom, she was raised in Concord, New Hampshire. In 1988 as a high school senior, she was selected as New Hampshire’s Presidential Scholar, which gave her the opportunity to meet President Ronald Reagan at a ceremony in the White House Rose Garden.

After graduating in 1992 with a B.A., summa cum laude with highest honors, from Williams College, she joined the investment banking division of Morgan Stanley as an analyst on Wall Street, New York City. In 1993 she joined the policy research department of the World Bank. Whilst working there on a study about Asia, she decided to concentrate on a career in economics.

She studied for a Ph.d at MIT, during which she spent a summer in New Delhi, India, and then spent three months travelling throughout the country. She graduated in 1998, with a Ph.D. in international and development economics, and was immediately hired by the MIT Sloan School of Management. Whilst teaching, her post-doctorate studies focused on financial contagion, looking at how it spread from business-to-business.

In 2001, she was hired by John B. Taylor, then the undersecretary of international affairs at the U.S. Treasury Department, to serve in the Office of International Affairs as the Deputy Assistant Secretary of Quantitative Policy Analysis and Latin American and Caribbean Nations. A year later she returned to MIT to teach and study, where after a year, in 2003 she was approached by Gregory Mankiw, the head of the Council of Economic Advisors. After confirmation by the U.S. Senate in 2003, she served until 2005 as the youngest-ever member of the President's CEA, in the administration of George W. Bush.

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