Martin Neil Baily (born January 13, 1945) is an

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

at the

Brookings Institution The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global econo ...

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 Bill Clinton's tenure as the 42nd president of the United States began with his first inauguration on January 20, 1993, and ended on January 20, 2001. Clinton, a Democrat from Arkansas, took office following his victory over Republican in ...

. He was one of three members of the

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical resea ...

from 1994 to 1996, and chairman of the council from 1999 to 2001. He currently co-chairs the

Bipartisan Policy Center The Bipartisan Policy Center (BPC) is a Washington, D.C.–based think tank that promotes bipartisanship. The organization aims to combine ideas from both the Republican and Democratic parties to address U.S. policy challenges. History BPC w ...

'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 The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public land-grant research university in College Park, Maryland, United States. Founded in 1856, UMD is the flagship institution of the Univ ...

(1989–96). He was vice chairman of a

National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, NGO, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the ...

– 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 McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinse ...

'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 The Congressional Budget Office (CBO) is a List of United States federal agencies, federal agency within the United States Congress, legislative branch of the United States government that provides budget and economic information to Congress. I ...

and associate editor of the ''

Journal of Economic Perspectives The ''Journal of Economic Perspectives'' (''JEP'') is an economic journal published by the American Economic Association. The journal was established in 1987. The JEP was founded by Joseph Stiglitz, Carl Shapiro, and Timothy Taylor. It is orien ...

''. Baily earned his Ph.D. in economics at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

(MIT) and his undergraduate degree at

Cambridge University The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

(UK), and taught at MIT and

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

. He is the author of numerous books and articles and coauthor with Jacob Kirkegaard of ''Transforming the European Economy'' (2004).

Activities

Congressional testimony: * On April 18, 2013, Bail
testified
before the United States House Energy Subcommittee on Commerce, Manufacturing and Trade in a hearing about the Global Investment in American Jobs Act of 2013 (H.R. 2052; 113th Congress), which he was in favor of. The legislation would instruct the

United States Department of Commerce The United States Department of Commerce (DOC) is an executive department of the U.S. federal government. It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing econ ...

to research and report to Congress about the possibilities for increasing

foreign direct investment A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based i ...

in the United States.

References

External links

* {{DEFAULTSORT:Baily, Martin Neil 1945 births Living people MIT School of Humanities, Arts, and Social Sciences alumni McKinsey & Company people Yale University faculty 21st-century American economists Clinton administration cabinet members Chairs of the United States Council of Economic Advisers Brookings Institution people