Martin Neil Baily
Martin Neil Baily ( born January 13, 1945) is an American economist who was also Chairman of the Council of Economic Advisers.
Life
After schooling Baily studied first at the University of Cambridge and then economics at the Massachusetts Institute of Technology (MIT), where he in 1972 a Philosophiae Doctor ( Ph.D. Economics) acquired. Following this, he first took up a professorship at MIT and then at Yale University. Between 1979 and 1981 he was also a senior fellow at the Brookings Institution, before Professor of Economics at the University of Maryland in 1989 and taught there until 1996.
During this time, he was from 1995 to 1996 a member of the Council of Economic Advisers. Between 1999 and 2001 he was Chairman of the Council of Economic Advisers and as such one of the closest economic adviser to President Bill Clinton.
Since completion of this activity, he was from 2001 to 2001 Senior Fellow at the Peterson Institute for International Economics, and since 2002 Senior Advisor of McKinsey & Company. In addition, in 2005 he was a member of the Board of Directors of The Phoenix Companies, a financial services institution based in Hartford ( Connecticut ). In 2007 he was a visiting scientist ( Visiting Fellow ) at the Peterson Institute for International Economics.
He also worked for various economic institutions and organizations and, among others, Scientific Advisor to the Congressional Budget Office, Adviser to the Federal Reserve Bank of New York and a visiting researcher at the National Bureau of Economic Research ( NBER ).
Most recently, he defended the economic and financial policies of President Barack Obama as a painful but necessary cuts.
Publications
- Transforming the European Economy (2004)
- U.S. Pension Reform: Lessons from Other Countries (2009)