THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES MARTIN NEIL BAILY TO THE COUNCIL OF ECONOMIC ADVISORS
President Clinton today announced his intention to nominate Martin Neil Baily as a Member of the White House Council of Economic Advisers. If confirmed by the United States Senate, Dr. Baily will join Chairman Laura D'Andrea Tyson and Member Joseph E. Stiglitz at the Council.
Dr. Baily was educated at Cambridge University, England and the Massachusetts Institute of Technology, where he completed a Ph.D. in economics in 1972. After teaching at MIT and Yale he became a Senior Fellow at the Brookings Institution in 1979 and a Professor of Economics at the University of Maryland in 1989. In the Spring of 1993, he took a leave of absence from his academic work to become a Fellow of the McKinsey Global Institute, a research group within McKinsey and Company. He is a research associate of the National Bureau of Economic Research. His principal fields of interest are productivity, macroeconomic and employment policy and applied microeconomics.
He has served as an academic adviser to the Congressional Budget Office and the Federal Reserve Board and has testified numerous times to House and Senate committees. Dr. Baily is the author of many professional articles and the coauthor or editor of four books.
Dr. Baily would succeed Alan S. Blinder. Dr. Blinder was recently appointed by President Clinton as Vice Chairman of the Federal Reserve System.