Martin Neil Baily

Martin Baily
Chair of the Council of Economic Advisers
In office
August 12, 1999  January 20, 2001
President Bill Clinton
Preceded by Janet Yellen
Succeeded by Glenn Hubbard
Personal details
Born (1949-03-29) March 29, 1949
Chicago, Illinois, U.S.
Political party Democratic
Spouse(s) Vickie Baily
Children 4
Alma mater King's College, Cambridge
Massachusetts Institute of Technology

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[1][2] 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.

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 SciencesNational 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).


Congressional testimony:


Political offices
Preceded by
Janet Yellen
Chair of the Council of Economic Advisers
Succeeded by
Glenn Hubbard
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