Martin Neil Baily

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Currently an economist at the Peterson Institute, Martin Neil Baily is most known for work on productivity and competitiveness and for his tenure as a cabinet member[1][2] during the Clinton Administration. He was chairman of the Council of Economic Advisers -- succeeding Nobel Prize winner Joseph Stiglitz -- from 1999–2001, and one of three members of the council from 1994 to 1996.

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 cofounded the microeconomics issues of the Brookings Papers on Economic Activity. Baily 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, Inc. in 2005 and is an academic adviser to the Congressional Budget Office and associate editor of the Journal of Economic Perspectives.

Martin Neil Baily earned his PhD 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).

Preceded by Janet Yellen

Chairman of the Council of Economic Advisers 1999-2001

Succeeded by R. Glenn Hubbard