Economist Martin Neil Baily rejoined Brookings as a senior fellow on September 4, Brookings President Strobe Talbott has announced. Among his many accomplishments as a Brookings senior fellow from 1979 to 1989, Baily co-founded the microeconomics version of the Brookings Papers on Economic Activity.
“I am excited to return to Brookings to pursue an agenda of research on business and the economy, including productivity, innovation and economic regulation.” Baily said. “As a former Brookings senior fellow, I know that the research here is first-rate and relevant to today’s policy needs. I look forward to working alongside my Brookings colleagues, in Economic Studies and the other research programs.”
Baily’s research at Brookings will focus on productivity, globalization, competitiveness, Social Security reform and U.S. economic policy. His current work includes an examination of productivity and innovation in U.S. and German manufacturing. He is also completing a study for the Ford Foundation which looks at public pension reform in other advanced economies worldwide, drawing lessons for Social Security reform in the United States.
“Martin’s work is held in the highest esteem by both policy-makers and professional economists,” said William G. Gale, Brookings vice president and director of Economic Studies. “His expertise will be invaluable to our program, giving us more depth on how government policy interfaces with business efficiency and innovation, and how social policy issues affect competitiveness and profitability.”
After his first stint at Brookings, Baily served as the chair of President Clinton’s Council of Economic Advisors from 1999 to 2001, a Senior Fellow at the Peterson Institute, and a principal at McKinsey & Company’s Global Institute from 1996 to 1999. He was a professor of economics at the University of Maryland from 1989 to 1996. Currently, he is an academic adviser to the Congressional Budget Office, an advisor to McKinsey and serves on the board of The Phoenix Companies, Inc.
Baily earned a doctorate in economics from the Massachusetts Institute of Technology and graduated from Cambridge University with a bachelor’s degree in economics.
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