Martin Baily

Martin Baily: Economist, Advisor, and Champion of Innovation in Policy

Martin Baily is a leading economist renowned for his expertise in productivity, competitiveness, and U.S. economic policy. He currently serves as Senior Fellow Emeritus in Economic Studies at the Brookings Institution, where he also holds the Bernard L. Schwartz Chair in Economic Policy Development and directs the Initiative on Business and Public Policy. Baily is a Senior Advisor to the McKinsey Global Institute and the Albright Stonebridge Group, and he co-chairs the Financial Regulatory Reform Initiative at the Bipartisan Policy Center

Background and Experience

Martin Baily’s distinguished public service includes his appointment as Chairman of the Council of Economic Advisers (CEA) under President Bill Clinton from August 1999 to January 2001, during which he was a member of the President’s Cabinet and led the CEA staff. He previously served as one of three members of the CEA from October 1994 to August 1996. His work in government focused on economic policy, financial regulation, and strategies to enhance U.S. growth and innovation.

Baily’s research spans globalization, productivity, competitiveness, Social Security reform, and economic recovery. He has played a leading role in several influential economic panels and advisory groups, including the Squam Lake Group of financial economists and as co-chair of the Taskforce on Financial Reform convened by the Pew Charitable Trusts.

In the private sector, Baily was a Principal at McKinsey & Company’s Global Institute and continues to advise the firm. He has also served as a director of The Phoenix Companies and as an advisor to the Congressional Budget Office.

Academic Contributions

Martin Baily earned his Ph.D. in economics from the Massachusetts Institute of Technology (MIT) in 1972, after completing his undergraduate studies at King’s College, Cambridge. He has taught at MIT and Yale and was a Professor of Economics at the University of Maryland. Baily is the author of numerous books and articles on economic policy, productivity, and the European economy. He is a frequent commentator in the press and regularly testifies before U.S. congressional committees.

Current Roles and Affiliations

• Senior Fellow Emeritus, Economic Studies, Brookings Institution
• Senior Advisor, McKinsey Global Institute
• Senior Advisor, Albright Stonebridge Group
• Co-chair, Financial Regulatory Reform Initiative, Bipartisan Policy Center
• Member, Squam Lake Group

Areas of Expertise

• U.S. and global economic policy
• Productivity and competitiveness
• Financial regulation and reform
• Growth through innovation
• Social Security and pension reform

Education

• Ph.D., Economics, Massachusetts Institute of Technology (MIT)
• B.A., King’s College, Cambridge

Martin Baily continues to be a sought-after speaker and advisor on economic policy, innovation, and financial reform, bringing decades of experience from academia, government, and the private sector.