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Martin Neil Baily is formerly an economist at the Peterson Institute, now having returned to the Brookings Institution, and he 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 Janet Yellen -- 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 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).

Government offices
Preceded by
Janet Yellen
Chairman of the Council of Economic Advisers
Succeeded by
R. Glenn Hubbard


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