Martin Neil Baily
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Martin Neil Baily (born March 29, 1949) 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 simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in ec ...
and formerly at the
Peterson Institute The Peterson Institute for International Economics (PIIE), known until 2006 as the Institute for International Economics (IIE), is an American think tank based in Washington, D.C. It was founded by C. Fred Bergsten in 1981 and has been led by ...
. 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 a decisive election victory over Re ...
. 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 challenges in the U.S. BPC focuses on iss ...
's Financial Regulatory Reform Initiative and serves as a senior advisor at
Albright Stonebridge Group Dentons Global Advisors ASG, formerly Albright Stonebridge Group, is a global business strategy firm based in Washington, D.C., United States. It was created in 2009 through the merger of international consulting firms The Albright Group, founde ...
. 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. Founded in 1856, UMD is the flagship institution of the University System of M ...
(1989–96). He was vice chairman of a
National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, 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 Nati ...
National Research Council National Research Council may refer to: * National Research Council (Canada), sponsoring research and development * National Research Council (Italy), scientific and technological research, Rome * National Research Council (United States), part of ...
panel investigating the effect of computers on productivity. Baily co-founded the microeconomics issues of the ''
Brookings Papers on Economic Activity {{Infobox Journal , title = Brookings Papers on Economic Activity , cover = , former_name = , abbreviation = Brook. Pap. Econ. Act. , discipline = Economics , language = , editors = Janice Eberly ...
''. He was a principal at
McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...
's Global Institute (1996–99) and has been a senior adviser to McKinsey since 2002. He joined the board of
The Phoenix Companies The Phoenix Companies, Inc., is a financial services company that traces its origins to 1851. Phoenix was acquired bNassau Financial Groupin 2016 and remains headquartered in Hartford, Connecticut, with 650 employees as of 2015. Phoenix remains ...
in 2005 and is an academic adviser to the
Congressional Budget Office The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages ...
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. It is very broad in its scope. According to its editors its purpose is: #to synthesize and ...
''. Baily earned his
Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...
in economics at the
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...
(MIT) and his undergraduate degree at
Cambridge University , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...
(UK), and taught at MIT and
Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...
. 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 The House Subcommittee on Innovation, Data and Commerce is a subcommittee within the United States House Committee on Energy and Commerce. The subcommittee was known as the Subcommittee on Consumer Protection and Commerce until the 118th Congress, ...
in a hearing about the
Global Investment in American Jobs Act of 2013 (H.R. 2052; 113th Congress) The Global Investment in American Jobs Act of 2013 () is a bill that would require the United States Department of Commerce, in cooperation with the Federal Interagency Investment Working Group and other federal agencies, to "conduct a review of t ...
, which he was in favor of. The legislation would instruct the
United States Department of Commerce The United States Department of Commerce is an executive department of the U.S. federal government concerned with creating the conditions for economic growth and opportunity. Among its tasks are gathering economic and demographic data for bu ...
to research and report to Congress about the possibilities for increasing
foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...
in the United States.


References


External links

* {{DEFAULTSORT:Baily, Martin Neil 1949 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