President Bill Clinton Profession Economist Preceded by Janet Yellen Name Martin Baily | Spouse(s) Vickie Baily Role Economist Children 4 Succeeded by Glenn Hubbard | |
Born March 29, 1949 (age 75)
Chicago, Illinois ( 1949-03-29 ) Alma mater King's College, Cambridge (BA)
Massachusetts Institute of Technology (Ph.D.) Books US pension reform, Growth with equity, Innovation and the productivity crisis Education King's College, Cambridge, Massachusetts Institute of Technology | ||
Former Clinton economic advisor talks President Trump's impact on the economy
Martin Neil Baily (born March 29, 1949) is an economist at the Brookings Institution and formerly at the Peterson Institute. He is best known for his work on productivity and competitiveness and for his tenure as a cabinet member during the Clinton Administration. He was one of three members of the Council of Economic Advisers from 1994 to 1996, and chairman of the Council from 1999 to 2001. He currently co-chairs the Bipartisan Policy Center's Financial Regulatory Reform Initiative and serves as a Senior Advisor at Albright Stonebridge Group.
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Baily was a senior fellow at the Brookings Institution (1979–89) and subsequently professor of economics at the University of Maryland (1989–96). He was vice chairman of a National Academy of Sciences – National Research Council panel investigating the effect of computers on productivity. Baily co-founded the microeconomics issues of the Brookings Papers on Economic Activity. He was a principal at McKinsey & Company's Global Institute (1996–99) and has been a senior adviser to McKinsey since 2002. He joined the board of The Phoenix Companies in 2005 and is an academic adviser to the Congressional Budget Office and associate editor of the Journal of Economic Perspectives.
Baily earned his Ph.D. in economics at the Massachusetts Institute of Technology (MIT) and his undergraduate degree at King's College, Cambridge (UK), and taught at MIT and Yale University. He is the author of numerous books and articles and coauthor with Jacob Kirkegaard of Transforming the European Economy (2004).
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Congressional testimony: