{"id":24,"date":"2018-09-23T03:16:31","date_gmt":"2018-09-23T03:16:31","guid":{"rendered":"http:\/\/mitmgmtfaculty.mit.edu\/kjforbes\/contact\/"},"modified":"2026-03-16T13:09:12","modified_gmt":"2026-03-16T13:09:12","slug":"shorter-articles","status":"publish","type":"page","link":"https:\/\/mitmgmtfaculty.mit.edu\/kjforbes\/shorter-articles\/","title":{"rendered":"Shorter Articles &amp; Speeches"},"content":{"rendered":"<div id=\"pl-24\"  class=\"panel-layout\" ><div id=\"pg-24-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-24-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-24-0-0-0\" class=\"so-panel widget widget_mit-pf-wysiwyg widget_mit_pf_wysiwyg panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"textwidget\"><ul>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/earth-heaven-changing-drivers-monetary-policy\">From Earth to Heaven: The Changing Drivers of Monetary Policy<\/a> (with Jongrim Ha and M. Ayhan Kose), <em>VoxEU<\/em>, March 11, 2026.<\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/post-pandemic-disinflation-low-sacrifice-high-prices\">The Post-Pandemic Disinflation: Low Sacrifice, High Prices<\/a> (with Jongrim Ha and M. Ayhan Kose),\u00a0<em>VoxEU<\/em>, July 28, 2025.<\/li>\n<li><a href=\"https:\/\/www.ft.com\/content\/90652405-89af-44e4-9ff4-314dbe1125ef\">The Fed\u2019s Dilemma over Tariff Trade-offs<\/a>, <em>Financial Times Op-ed<\/em>, July 23, 2025.<\/li>\n<li><a href=\"https:\/\/mitsloan-php.s3.amazonaws.com\/wp-faculty\/sites\/128\/2025\/05\/15123839\/Fighting-Inflation_Lessons_Forbes.pdf\">Fighting Inflation After the Pandemic: Lessons for the Next Battle<\/a> (2025). Comments prepared for the panel \u201cFinishing the Job and Risks Ahead\u201d at the Hoover Monetary Policy Conference in Stanford, California on May 9, 2025. \u00a0Corresponding slides for presentation available <a href=\"https:\/\/mitsloan-php.s3.amazonaws.com\/wp-faculty\/sites\/128\/2025\/05\/15123933\/Forbes-Fighting_inflation_slides.pdf\">here<\/a>.<\/li>\n<li><a href=\"https:\/\/link.springer.com\/article\/10.1057\/s11369-025-00400-x\">Perspectives on Monetary Policy and the Framework Review<\/a> (2025) (with Charles Evans and Brian Sack), <em>Business Economics <\/em>60(May): 65-76.<\/li>\n<li><a href=\"https:\/\/docs.house.gov\/meetings\/BA\/BA00\/20250408\/118116\/HHRG-119-BA00-Wstate-ForbesK-20250408.pdf\">Written Testimony before the House Financial Services Committee<\/a>, Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity. Hearing on US Treasury Debt in the Monetary System. Link to <a href=\"https:\/\/financialservices.house.gov\/calendar\/eventsingle.aspx?EventID=409677\">hearing<\/a> (April 8, 2025)<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/scl\/fi\/gohowst2g6r2im5pgexi7\/Forbes_Discussion_JacksonHole_2024.pdf?rlkey=67aqc0t3ceshjrbwn44x3zesd&amp;st=trpgpaqh&amp;dl=1\" target=\"_blank\" rel=\"noopener\">Balance Sheet Policy and the Mortgage Market<\/a>, August, 2024, discussion at Jackson Hole Economic Policy Symposium: <i>Reassessing the Effectiveness and Transmission of Monetary Policy, organized by the Federal Reserve Bank of Kansas City.<\/i><\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/demand-versus-supply-drivers-post-pandemic-inflation-and-interest-rates\" target=\"_blank\" rel=\"noopener\" data-outlook-id=\"4b9c3039-b006-444e-b5f7-2443ec19116d\">Demand versus Supply: Drivers of the Post-Pandemic Inflation and Interest Rates<\/a>\u00a0(with Jongrim Ha and M. Ayhan Kose), <em>VoxEU<\/em>, August 9, 2024.<\/li>\n<li><a href=\"https:\/\/www.ft.com\/content\/d70752ec-810b-492f-8ac1-be38b2e5dd60\">The Data is In: How QT Impacts Markets<\/a>\u00a0<em>Financial Times Op-ed<\/em>, March 4, 2024.<\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/monetary-policy-responses-post-pandemic-inflation-challenges-and-lessons-future\" target=\"_blank\" rel=\"noopener\">Monetary Policy Response to the Post-Pandemic Inflation: Challenges and Lessons for the Future<\/a> (with Bill English and \u00c1ngel Ubide). <em>VoxEU<\/em>, February 14, 2024.<\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/funding-structures-and-resilience-shocks-after-decade-regulatory-reform\" target=\"_blank\" rel=\"noopener\">Funding Structures and Resilience to Shocks after a Decade of Regulatory Reform<\/a> (with Christian Friedrich and Dennis Reinhardt), <em>VoxEU<\/em>,\u00a0 June 29, 2023.<\/li>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Also published in <a href=\"https:\/\/bankunderground.co.uk\/2023\/06\/29\/funding-structures-and-resilience-to-shocks-after-a-decade-of-regulatory-reform\/\" target=\"_blank\" rel=\"noopener\">Bank Underground\u00a0<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2023\/09\/Kalemli_Ozcan-Unsal_16820-BPEA-FA23_WEB-updated.pdf\" target=\"_blank\" rel=\"noopener\" data-outlook-id=\"7ca13e35-f042-4f16-8337-7d8ebe5a2ad0\">Discussion<\/a> of paper \u201cGlobal Transmission of Fed Hikes: The Role of Policy Credibility and Balance Sheets\u201d at <em>Brookings Papers on<\/em> <em>Economic Activity, Fall 2023<\/em> in Washington, DC (2024), pgs 226-235.<\/li>\n<li style=\"list-style-type: none\"><\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/responses-covid-19-role-policy-space\" target=\"_blank\" rel=\"noopener\">Responses to COVID-19: The Role of Policy Space<\/a> (with Katharina Bergant), <em>VoxEU<\/em>, Jan 22, 2023.<\/li>\n<li><a href=\"https:\/\/www.ft.com\/content\/c5d408e5-d52c-4b85-b82f-c88b764247de\" target=\"_blank\" rel=\"noopener\">Central Banks Must Reduce Their Balance Sheets More Aggressively<\/a> (2022). Financial Times Op-ed, January 19, 2022.<\/li>\n<li><a href=\"https:\/\/cepr.org\/voxeu\/columns\/pandemic-inflation-and-nonlinear-global-phillips-curves\" target=\"_blank\" rel=\"noopener\">Pandemic Inflation and Nonlinear, Global Phillips Curves<\/a> (with Joseph Gagnon and Chris Collins), <em>VoxEU, <\/em>Dec 21, 2021<\/li>\n<li><a href=\"https:\/\/www.kansascityfed.org\/documents\/8341\/Forbes_Unwinding_Stimulus_in_an_Uneven_Economy_final.pdf\" target=\"_blank\" rel=\"noopener\">Unwinding Stimulus in an Uneven Economy: Time for a New Playbook?<\/a> (2021). Comments at Jackson Hole Symposium organized by the Federal Reserve Bank of Kansas City on \u201cMacroeconomic Policy in an Uneven Economy.\u201d (August)<\/li>\n<li><a href=\"https:\/\/voxeu.org\/article\/monetary-policy-and-central-banking-covid-era-new-ebook\" target=\"_blank\" rel=\"noopener\">Monetary Policy and Central Banking in the Covid Era: A new eBook<\/a> (2021), with Bill English and \u00c1ngel Ubide. VoxEU, June 3, 2021.<\/li>\n<li><a href=\"https:\/\/www.washingtonpost.com\/opinions\/2020\/03\/20\/coronavirus-is-upending-society-here-are-ideas-mitigate-its-impact\/?arc404=true#Forbes\" target=\"_blank\" rel=\"noopener\">Here\u2019s How Countries Can Manage the Coming Debt Crisis<\/a>\u00a0(2020), In Washington Post series, \u201cWe Need Smart Solutions to Mitigate the Coronovirus Impact. Here are 46.\u201d<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/52s0eb7bbn6kr6b\/Forbes_PT_2019_Comments%20at%20ECB%20Colloquium.pdf?dl=1\" target=\"_blank\" rel=\"noopener\">Capital Flows, Monetary Policy and Globalisation<\/a> (2019). Comments at ECB Colloquium in Honor of Beno\u00eet C\u0153ur\u00e9, December 18 in Frankfurt.<\/li>\n<li>Monetary Policy Divergence, comments at Jackson Hole Symposium on \u201cChallenges for Monetary Policy\u201d organized by the Federal Reserve Bank of Kansas City, on paper \u201cRiders on the Storm\u201d by \u00d2scar Jord\u00e0 and Alan Taylor. (August 2019)\n<ul>\n<li><a href=\"https:\/\/kansascityfed.org\/~\/media\/files\/publicat\/sympos\/2019\/forbes_remarks_jh_2019_08_23.pdf?la=en\" target=\"_blank\" rel=\"noopener\">Written comments<\/a><\/li>\n<li><a href=\"https:\/\/kansascityfed.org\/~\/media\/files\/publicat\/sympos\/2019\/handouts\/forbes_handout_comments_riders%20on%20the%20storm.pdf?la=en\" target=\"_blank\" rel=\"noopener\">Handout<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/files.stlouisfed.org\/files\/htdocs\/publications\/review\/2019\/01\/14\/how-have-shanghai-saudi-arabia-and-supply-chains-affected-u-s-inflation-dynamics.pdf\" target=\"_blank\" rel=\"noopener\">How Have Shanghai, Saudi Arabia, and Supply Chains Affected U.S. Inflation Dynamics?<\/a>\u201d (2019). Federal Reserve Bank of St. Louis Review 101(1): pgs. 1-17.<\/li>\n<li><a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2018\/09\/Forbes_final-draft.pdf\" target=\"_blank\" rel=\"noopener\">Monetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky?<\/a> Brookings Papers on Economic Activity, Fall Meetings, September 13-14.\u00a0(2018)<\/li>\n<li><a href=\"https:\/\/www.ecb.europa.eu\/pub\/pdf\/sintra\/ecb.forumcentbank201810.en.pdf\" target=\"_blank\" rel=\"noopener\">Price and Wage-Setting in Advanced Economies<\/a>, ECB Forum on Central Banking in Sintra, Portugal (June 16-18, 2018), pgs 170-186.<em>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/em>\n<ul>\n<li><a href=\"https:\/\/voxeu.org\/article\/price-and-wage-setting-advanced-economies-selected-takeaways-ecb-s-sintra-forum\" target=\"_blank\" rel=\"noopener\">Highlights of the paper in the context of the Sintra conference<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=hEftHkHPR4k\" target=\"_blank\" rel=\"noopener\">Video of Sintra Panel on Macroeconomics of Price and Wage Setting on YouTube<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2017\/failure-to-launch\" target=\"_blank\" rel=\"noopener\">Failure to Launch.<\/a>\u00a0Speech at London Business School in \u201cLeading Minds\u201d series in London.\u00a0(June 22, 2017)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2017\/a-moniac-not-manic-economy\" target=\"_blank\" rel=\"noopener\">A MONIAC (not mani<\/a><\/span><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2017\/a-moniac-not-manic-economy\" target=\"_blank\" rel=\"noopener\">c) Economy<\/a>. Speech at UK economic briefing in Leeds.\u00a0(Feb. 7, 2017)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"http:\/\/voxeu.org\/article\/banking-deglobalisation-spillovers-and-interactions-monetary-and-regulatory-policies\" target=\"_blank\" rel=\"noopener\">How the Interaction of Monetary and Regulatory Policies May Have Been Ahead of the Anti-Globalization Backlash<\/a>. VoxEU, Dec 23, 2016.<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2016\/once-one-starts-thinking-about-exchange-rates\" target=\"_blank\" rel=\"noopener\">Once One Starts Thinking About Exchange Rates...<\/a>\u00a0Opening remarks at conference \"Financial Determinants of Foreign Exchange Rates,\" The Bank of England, London, December 15, 2016.<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2016\/uncertainty-about-uncertainty\" target=\"_blank\" rel=\"noopener\">Uncertainty about Uncertainty.<\/a>\u00a0Speech at JP Morgan Cazenove 'Best of British' conference in London.\u00a0(November 23, 2016)<\/span><\/li>\n<li><a href=\"http:\/\/www.bis.org\/publ\/bppdf\/bispap86h.pdf\" target=\"_blank\" rel=\"noopener\">Banking Deglobalisation: A Consequence of Monetary and Regulatory Policies?<\/a>\u00a0 with Dennis Reinhardt and Tomasz Wieladek.\u00a0<em>Macroprudential Policy, <\/em>CBRT\/BIS\/IMF Conference Volume, pgs. 49-56. (September 2016)<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2016\/global-economic-tsunamis-coincidence-common-shocks-or-contagion\" target=\"_blank\" rel=\"noopener\">Global Economic Tsunamis: Coincidence, Common Shocks, or Contagion?<\/a>\u00a0 Speech at Imperial College, in London, UK.\u00a0(September 22, 2016)<\/span><\/li>\n<li><a href=\"http:\/\/www.telegraph.co.uk\/business\/2016\/07\/20\/wait-for-brexit-fog-to-clear-before-interest-rate-cut\/\" target=\"_blank\" rel=\"noopener\">Wait for Brexit Fog to Clear Before Interest Rate Cut.<\/a>\u00a0<em>The Telegraph,\u00a0<\/em>July 20, 2016.<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2016\/the-uk-current-account-deficit-risky-or-risk-sharing\" target=\"_blank\" rel=\"noopener\">The UK Current Account Deficit: Risky or Risk-Sharing?<\/a>\u00a0Speech at the Official Monetary and Financial Institutions Forum Roundtable, (OMFIF), in London, UK.\u00a0(March 21, 2016)<\/span><\/li>\n<li><a href=\"http:\/\/www.voxeu.org\/article\/using-rules-thumb-exchange-rate-pass-through-could-be-misleading\" target=\"_blank\" rel=\"noopener\">Using Rules of Thumb for Exchange Rate Pass-Through could be Misleading.<\/a>\u00a0VoxEU, February 2, 2016.<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2016\/a-tale-of-two-labour-markets-the-uk-and-us\" target=\"_blank\" rel=\"noopener\">A Tale of Two Labour Markets: The UK and US.<\/a>\u00a0Speech for the Henry Jackson Society, Parliament, in London, UK.\u00a0(January 26, 2016)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2015\/growing-your-business-in-the-global-economy-not-all-doom-and-gloom\" target=\"_blank\" rel=\"noopener\">Growing Your Business in the Global Economy: Not All Doom Gloom.<\/a>\u00a0Brighton Business Summit in Brighton, UK.\u00a0(October 16, 2015)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2015\/much-ado-about-something-important-how-do-exchange-rate-movements-affect-inflation\" target=\"_blank\" rel=\"noopener\">Much Ado about Something Important: How do Exchange Rate Movements Affect Inflation?<\/a>\u00a047<sup>th<\/sup>Money, Macro and Finance Research Group Annual Conference at Cardiff University in Cardiff, UK. (September 11, 2015)<\/span><\/li>\n<li><a href=\"http:\/\/www.telegraph.co.uk\/finance\/bank-of-england\/11803024\/Kristin-Forbes-Avoiding-sunburn-and-other-considerations-for-interest-rates.html\" target=\"_blank\" rel=\"noopener\">Avoiding Sunburn and Other Considerations for Interest Rates.<\/a>\u00a0<em>The Telegraph,<\/em>\u00a0August 16, 2015.<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2015\/when-why-and-whats-next-for-low-inflation-no-magic-slippers-needed\" target=\"_blank\" rel=\"noopener\">When, Why, and What\u2019s Next for Low Inflation? No Magic Slippers Needed.<\/a>\u00a0Speech at the London School of Economics in London, UK.\u00a0(June 17, 2015)<\/span><\/li>\n<li><a href=\"http:\/\/www.standard.co.uk\/business\/markets\/kristin-forbes-zero-inflation-is-here-but-theres-no-need-for-soul-searching-10133157.html\" target=\"_blank\" rel=\"noopener\">Zero Inflation is Here, but There\u2019s No Need for Soul-Searching.<\/a>\u00a0<em>Evening Standard<\/em>, March 25, 2015.<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2015\/low-interest-rates-king-midas-golden-touch\" target=\"_blank\" rel=\"noopener\">Low Interest Rates: King Midas\u2019 Golden Touch?<\/a>\u00a0Speech at The Institute of Economic Affairs\u2019 32nd Conference on the State of the Economy in London, UK.\u00a0(February 24, 2015)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2015\/risk-around-the-forecast\" target=\"_blank\" rel=\"noopener\">Risks Around the Forecast<\/a>. Speech at London &amp; Partners dinner in London, UK.\u00a0(January 26, 2015)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2014\/financial-deglobalization-capital-flows-banks-and-the-beatles\" target=\"_blank\" rel=\"noopener\">Financial \u201cDeglobalization\u201d?: Capital Flows, Banks and the Beatles.<\/a>\u00a0Speech at Queen Mary University in London, UK.\u00a0(November 18, 2014)<\/span><\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.bankofengland.co.uk\/speech\/2014\/the-economic-impact-of-sterlings-recent-moves-more-than-a-midsummer-nights-dream\" target=\"_blank\" rel=\"noopener\">The Economic Impact of Sterling\u2019s Recent Moves: More than a Midsummer Night\u2019s Dream.<\/a>\u00a0Speech at 100 Women in Hedge Funds event in London, UK.\u00a0(October 1, 2014)<\/span><\/li>\n<li><a href=\"http:\/\/www.voxeu.org\/article\/understanding-emerging-market-turmoil\" target=\"_blank\" rel=\"noopener\">Turmoil in Emerging Markets: What's Missing from the Story<\/a>. VoxEU, February 5, 2014.<\/li>\n<li><a href=\"http:\/\/www.nytimes.com\/2014\/02\/06\/opinion\/dont-rush-to-blame-the-fed.html\" target=\"_blank\" rel=\"noopener\">Don't Rush To Blame the Fed.<\/a>\u00a0\u00a0<em>New York Times\/International Herald Tribune<\/em>, February 5, 2014.<\/li>\n<li><a href=\"http:\/\/www.voxeu.org\/article\/policymaking-crises-pick-your-poison\" target=\"_blank\" rel=\"noopener\">Policymaking in Crises: Pick Your Poison<\/a>, with Michael Klein. VoxEU, December 24, 2013.<\/li>\n<li><a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2016\/07\/2013b_blanchard_latvia_crisis.pdf\" target=\"_blank\" rel=\"noopener\">Discussion of \"Boom, Bust, Recovery: Forensics of the Latvia Crisis,<\/a>\" by Olivier Blanchard, Mark Griffiths, and Bertrand Gruss. Brookings Papers on Economic Activity, Fall 2013, pgs. 372-381.\n<ul>\n<li><em>Starts on page 372.<\/em><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2012\/09\/2012b_Klein.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'Capital Controls: Gates and Walls' by Michael Klein<\/a>. In\u00a0<em>Brookings Papers on Economic Activity<\/em>: Fall 2012, pgs. 352-363.\n<ul>\n<li><em>Starts on page 356.<\/em><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0022199612000979\" target=\"_blank\" rel=\"noopener\">Introduction to the Special Issue on the Global Financial Crisis.,<\/a>\u00a0with Charles Engel and Jeffrey Frankel.\u00a0<em>Journal of International Economics<\/em>\u00a088(2, Nov): 215-218.\u00a0(2012)\n<ul>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4931\" target=\"_blank\" rel=\"noopener\">Older version accessible here<\/a>.<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"style13\"><a href=\"https:\/\/www.frbsf.org\/economic-research\/files\/ConferenceVolume.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'Global Imbalances and Global Liquidity' by Pierre-Olivier Gourinchas.<\/a>\u00a0 In Reuven Glick and Mark Spiegel, eds., <em>Asia's Role in the Post-Crisis Global Economy, <\/em>a\u00a0publication of the Asia Economic Policy Conference sponsored by the Federal Reserve Bank of San Francisco in San Francisco, CA on Nov 29-30, 2011. Pgs. 341-346.\u00a0(2011)<\/span>\n<ul>\n<li><span class=\"style13\"><em>Starts on page 341.<\/em><br \/>\n<\/span><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4932\" target=\"_blank\" rel=\"noopener\">Capital Flow Waves<\/a>, joint with Francis Warnock. Special Feature in the Monetary Authority of Singapore's\u00a0<em>Macroeconomic Review<\/em>, October 2011.<\/li>\n<li><a href=\"http:\/\/www.nber.org\/confer\/2011\/GFCf11\/summary.html\" target=\"_blank\" rel=\"noopener\">Policy Symposium on the Global Financial Crisis<\/a>. Summary of event at the National Press Club in Washington, DC on September 22, 2011.<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4933\" target=\"_blank\" rel=\"noopener\">The Global Financial Crisis: Project Synopsis<\/a>. Summary of the research papers written for the NBER project on the Global Financial crisis and discussed at Bretton Woods on June 3-5, 2011.<\/li>\n<li><a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2010\/03\/2010a_bpea_blanchard.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'The Initial Impact of the Crisis on Emerging Market Countries,'<\/a>\u00a0by Olivier Blanchard, Mitali Das, and Hamid Faruqee. In\u00a0<em>Brookings Papers on Economic Activity<\/em>: Spring 2010, pgs. 308-315.\n<ul>\n<li><em>Starts on page 308.<\/em><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4935\" target=\"_blank\" rel=\"noopener\">What Next for the Dollar? The Role of Foreigners.<\/a>\u00a0Article posted on\u00a0<a href=\"http:\/\/www.voxeu.org\/\" target=\"_blank\" rel=\"noopener\">www.voxeu.org<\/a>, June 2008.<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4934\" target=\"_blank\" rel=\"noopener\">Financial Deepening and the Euro.<\/a>\u00a0Paper presented at Peterson Institute of International Economics, conference on \"The Euro at 10: The Next Global Currency.\" October 10.\u00a0(2008)<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4936\" target=\"_blank\" rel=\"noopener\">Capital Controls.<\/a>\u00a0<span class=\"style13\">\u00a0The New Palgrave Dictionary of Economics, 2nd Edition<em>.\u00a0<\/em>(2007)<\/span><\/li>\n<li><a href=\"https:\/\/object.cato.org\/sites\/cato.org\/files\/serials\/files\/cato-journal\/2007\/5\/cj27n2-9.pdf\" target=\"_blank\" rel=\"noopener\">Global Imbalances: A Source of Strength or Weakness?<\/a><span class=\"style13\">\u00a0<em>The Cato Journal<\/em><\/span>\u00a027(2): pgs. 193-202.\u00a0<span class=\"style13\">(2007)<\/span><\/li>\n<li><a href=\"http:\/\/www.nber.org\/chapters\/c0127.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'The Unsustainable U.S. Current Account Position Revisited,'<\/a>\u00a0by Maurice Obstfield and Kenneth Rogoff. In Richard Clarida, ed.,\u00a0<em>G-7 Current Account Imbalances: Sustainability and Adjustment.\u00a0<\/em>Chicago: University of Chicago Press, pgs. 367-75.\u00a0(2007)\n<ul>\n<li><em>Starts on page 367.<\/em><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"http:\/\/www.nber.org\/reporter\/winter07\/forbes.html\" target=\"_blank\" rel=\"noopener\">The Microeconomic Evidence on Contagion, Capital Controls and Capital Flows<\/a><span class=\"style13\">.\u00a0<em>NBER Reporter,\u00a0<\/em>Winter,<\/span>\u00a0pgs. 13-15.\u00a0<span class=\"style13\">(2006\/7)<\/span><\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4937\" target=\"_blank\" rel=\"noopener\">A Perfect Storm<\/a>.\u00a0<em>Global Agenda<\/em>\u00a0Magazine, published for the World Economic Forum Annual Meetings in Davos, January, pgs. 98-99.\u00a0(2006)<\/li>\n<li><a class=\"style13\" href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4938\" target=\"_blank\" rel=\"noopener\">Comment on 'Addressing Global Imbalances: The Role for Macroeconomic Policy,'<\/a>\u00a0by Otmar Issing. From Banque de France International Symposium on \"Productivity, Competitiveness and Globalization\" in Paris, France.\u00a0(2006)<\/li>\n<li><span class=\"style13\"><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4945\" target=\"_blank\" rel=\"noopener\">Argentina's Latest Tango.<\/a>\u00a0World Economic Forum Annual Meetings in Davos, Switzerland.\u00a0(January 27, 2005)<\/span><\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4939\" target=\"_blank\" rel=\"noopener\">A Shock-Smoothing Facility (SSF) for the IMF<\/a>. In Edwin Truman, ed.\u00a0<em>Reforming the IMF for the 21st Century.<\/em>\u00a0Washington, DC: Institute for International Economics, pg. 365-384. (2005)<\/li>\n<li>Financial Market Integration, the Euro, and the Role of Growth. In Adam Posen, ed.\u00a0<em>The Euro at Five: Ready for A Global Role?\u00a0\u00a0<\/em>Washington, DC: Institute for International Economics, pgs. 99-110.\u00a0(2005)<\/li>\n<li><a href=\"https:\/\/object.cato.org\/sites\/cato.org\/files\/serials\/files\/cato-journal\/2005\/1\/cj25n1-16.pdf\" target=\"_blank\" rel=\"noopener\">Capital Controls: Mud in the Wheels of Market Efficiency<\/a>.\u00a0<em>The Cato Journal\u00a0<\/em>25(1), pgs. 153-166.\u00a0(2005)<\/li>\n<li><span class=\"style13\"><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4946\" target=\"_blank\" rel=\"noopener\">U. S. Manufacturing: Recent Challenges and Policy Recommendations.<\/a>\u00a0Federal Reserve Bank of Dallas Conference \u201cFraming the Future: Tomorrow's Border Economy,\u201d El Paso, Texas.\u00a0(December 3, 2004)<\/span><\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4943\" target=\"_blank\" rel=\"noopener\">International Financial Contagion: The Theory, Evidence and Policy Implications,<\/a>\u00a0joint with Stijn Claessens. Paper presented at World Economic Forum\/Reinventing Bretton Woods Committee Conference on \"The IMF's Role in Emerging Market Economies\" in Amsterdam, November.\u00a0(2004)<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4941\" target=\"_blank\" rel=\"noopener\">Capital Flows to Emerging Markets: The Myths and Realities<\/a>, joint with Bill Block. Paper presented at conference: \"The Myths and Realities of Globalization\" at the Federal Reserve Bank of Dallas, November.\u00a0(2004)<\/li>\n<li><span class=\"style13\"><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4947\" target=\"_blank\" rel=\"noopener\">China's Economic Outlook: Moving Towards a Market Economy.<\/a>\u00a0World Economic Forum China Business Summit in Beijing, China.\u00a0(September 12, 2004)<\/span><\/li>\n<li><span class=\"style25\"><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4948\" target=\"_blank\" rel=\"noopener\">Strengthening Banking Systems: Lessons From Around the World and Across the Ages<\/a>.<\/span><span class=\"style13\">\u00a0APEC Conference on Structural Reform in Tokyo, Japan.\u00a0(September 8, 2004)<\/span><\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4942\" target=\"_blank\" rel=\"noopener\">U.S. Manufacturing: Challenges and Recommendations<\/a>.\u00a0<em>Business Economics\u00a0<\/em>July pgs. 30-37.\u00a0(2004)<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4940\" target=\"_blank\" rel=\"noopener\">Growth Indexed Bonds - A Primer<\/a>. Council of Economic Advisers.\u00a0July 8, 2004.<\/li>\n<li><span class=\"style25\"><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4949\" target=\"_blank\" rel=\"noopener\">Keys to Coordination and Prosperity in the World<\/a>.<\/span><span class=\"style13\">\u00a0Japan-U.S. Forum in Tokyo.\u00a0(April 13, 2004)<\/span><\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4950\" target=\"_blank\" rel=\"noopener\">U.S. Manufacturing: Challenges and Recommendations<\/a>. NABE's 2004 Washington Economic Policy Conference in Washington, D.C.\u00a0(March 25, 2004)<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4951\" target=\"_blank\" rel=\"noopener\">The United States, China and Japan: Economic Prospects and the Role of Foreign Direct Investment.<\/a>\u00a0Japan Society in New York City.\u00a0(February 11, 2004)<\/li>\n<li><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/2003\/06\/pdf\/brooks.pdf\" target=\"_blank\" rel=\"noopener\">Dancing in Unison?: Economists Lack Evidence of Increasing Synchronization of the World's Economies,<\/a>\u00a0with Robin Brooks, Jean Imbs, and Asoka Mody.\u00a0<em>Finance and Development<\/em>, June, pgs. 46-49.\u00a0(2003)<\/li>\n<li><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/staffp\/2002\/00-00\/pdf\/Forbes.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'Securities Transaction Taxes and Financial Markets,<\/a>' by Karl Habermeier and Andrei Kirilenko. (2003)\u00a0<em>IMF Staff Papers,\u00a0<\/em>50, pgs. 181-186.<\/li>\n<li><a href=\"http:\/\/www.nber.org\/chapters\/c11064.pdf\" target=\"_blank\" rel=\"noopener\">Comment on 'Long-Term Capital Movements,<\/a>' by Gian Maria Milesi-Ferretti and Philip Lane. In Ben Bernanke and Kenneth Rogoff, eds.,\u00a0<em>NBER Macroeconomics Annual 2001<\/em>. Cambridge, MA: MIT Press, pgs. 116-126.\u00a0(2002)<\/li>\n<li><a href=\"http:\/\/mitsloan.mit.edu\/shared\/ods\/documents\/?DocumentID=4944\" target=\"_blank\" rel=\"noopener\">How do Currency Crises Spread Internationally?<\/a>\u00a0\u00a0<em>Corporate Finance Review<\/em>\u00a05 (3, Nov\/Dec), pgs. 3-10.\u00a0(2000)<\/li>\n<li>Review of\u00a0<em>New Theories in Growth and Development<\/em><em>.\u00a0<\/em>Edited by F. Coricelli, M. de Matteo, and F. Hahn. In\u00a0<em>The Economic Journal<\/em>, 109(459), pgs. F806-807.\u00a0(1999)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>From Earth to Heaven: The Changing Drivers of Monetary Policy (with Jongrim Ha and M. Ayhan Kose), VoxEU, March 11, 2026. The Post-Pandemic Disinflation: Low Sacrifice, High Prices (with Jongrim Ha and M. Ayhan Kose),\u00a0VoxEU, July 28, 2025. The Fed\u2019s Dilemma over Tariff Trade-offs, Financial Times Op-ed, July 23, 2025. Fighting Inflation After the Pandemic: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-two-column.php","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-24","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MIT Sloan Faculty: Kristin J. 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