Kristin J Forbes
Biographic Data
| ID | 1620933 |
|---|---|
| NAME | Kristin J Forbes |
| GIVEN NAMES | Kristin J |
| FAMILY NAME | Forbes |
| SIGNATURE | FORBES K J |
| AFFILIATIONS | Massachusetts Institute of Technology |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 7 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2017 |
| H-INDEX | 2 |
Current Account Deficits During Heightened Risk
Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country’s vulnerability to periods of heightened risk. We develop a framework to evaluate such vulnerabilities and clarify which characteristics of a country’s international investment portfolio determine whether a current account deficit is ‘menacing’ or ‘mitigating’. Financial factors, namely international investment income and valuation …
The Microeconomic Evidence on Capital Controls
Macroeconomic analyses of capital controls face a number of imposing challenges and have yielded mixed results to date.This paper takes a different approach and surveys an emerging literature that evaluates various microeconomic effects of capital controls and capital account liberalization.Several key themes emerge.First, capital controls tend to reduce the supply of capital, raise the cost of financing, and increase financial constraints -espec…
A Decomposition of Global Linkages in Financial Markets Over Time
This paper tests if real and financial linkages between countries can explain why movements in the world's largest markets often have such large effects on other financial markets, and how these cross-market linkages have changed over time. It estimates a factor model in which a country's market returns are determined by global, sectoral, and cross-country factors (returns in large financial markets) and by country-specific effects. Then it uses …
Cheap labor meets costly capital
A Reassessment of the Relationship Between Inequality and Growth
This paper challenges the current belief that income inequality has a negative relationship with economic growth. It uses an improved data set on income inequality which not only reduces measurement error, but also allows estimation via a panel technique. Panel estimation makes it possible to control for time-invariant country-specific effects, therefore eliminating a potential source of omitted-variable bias. Results suggest that in the short an…
Current Account Deficits During Heightened Risk
Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country’s vulnerability to periods of heightened risk. We develop a framework to evaluate such vulnerabilities and clarify which characteristics of a country’s international investment portfolio determine whether a current account deficit is ‘menacing’ or ‘mitigating’. Financial factors, namely international investment income and valuation …
The Microeconomic Evidence on Capital Controls
Macroeconomic analyses of capital controls face a number of imposing challenges and have yielded mixed results to date.This paper takes a different approach and surveys an emerging literature that evaluates various microeconomic effects of capital controls and capital account liberalization.Several key themes emerge.First, capital controls tend to reduce the supply of capital, raise the cost of financing, and increase financial constraints -espec…
Cheap labor meets costly capital
A Reassessment of the Relationship Between Inequality and Growth
This paper challenges the current belief that income inequality has a negative relationship with economic growth. It uses an improved data set on income inequality which not only reduces measurement error, but also allows estimation via a panel technique. Panel estimation makes it possible to control for time-invariant country-specific effects, therefore eliminating a potential source of omitted-variable bias. Results suggest that in the short an…
Cheap labor meets costly capital
A Decomposition of Global Linkages in Financial Markets Over Time
This paper tests if real and financial linkages between countries can explain why movements in the world's largest markets often have such large effects on other financial markets, and how these cross-market linkages have changed over time. It estimates a factor model in which a country's market returns are determined by global, sectoral, and cross-country factors (returns in large financial markets) and by country-specific effects. Then it uses …
The Microeconomic Evidence on Capital Controls
Macroeconomic analyses of capital controls face a number of imposing challenges and have yielded mixed results to date.This paper takes a different approach and surveys an emerging literature that evaluates various microeconomic effects of capital controls and capital account liberalization.Several key themes emerge.First, capital controls tend to reduce the supply of capital, raise the cost of financing, and increase financial constraints -espec…
Current Account Deficits During Heightened Risk
Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country’s vulnerability to periods of heightened risk. We develop a framework to evaluate such vulnerabilities and clarify which characteristics of a country’s international investment portfolio determine whether a current account deficit is ‘menacing’ or ‘mitigating’. Financial factors, namely international investment income and valuation …
Economics (5 works) · Monetary economics (4 works) · Finance (3 works) · Global Financial Crisis and Policies (3 works) · Business (2 works) · Capital (architecture (2 works) · Finance (2 works) · Foreign direct investment (2 works) · International economics (2 works) · Macroeconomics (2 works)