Kristin Forbes, an external member of the Bank’s Monetary Policy Committee, will complete her three year term on the committee on 30 June. Professor Forbes retained her academic affiliation with the Sloan School of Management at the Massachusetts Institute of Technology during her term and will return to her role full-time as the Jerome and Dorothy Lemelson Professor of Management and Global Economics this autumn.
The Governor, Mark Carney said, “I would like to thank Kristin for her contributions on the MPC. She has brought insight, fresh thinking and academic rigour to our deliberations, as well as a fresh and engaging approach to communications. On behalf of colleagues at the Bank, I would like to wish her well as she returns to pursue her academic career at MIT on a full time basis.”
Kristin Forbes said, “It has been an honour and a privilege to serve on the Monetary Policy Committee during these historic years. I will miss the insightful – and often intense – debates with my colleagues on the MPC, as well as the superb analysis and support of the staff. I will look forward to continuing to work on some of the topics we debated when I return full-time to MIT this fall – including on topics such as exchange rate pass-through, the risks around current account deficits, global vulnerabilities and spillovers, and the economic impact of heightened uncertainty. I would like to thank the Treasury and Bank of England for welcoming someone from ‘across the pond’ for this important role, as well as MIT for restructuring my responsibilities to them so that I could prioritize this role in the United Kingdom over my term.”