THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES MARTIN N. BAILY AS CHAIR OF THE COUNCIL OF
The President today announced his intent to designate Dr. Martin N. Baily as Chair of the Council of Economic Advisers (CEA).
Dr. Martin N. Baily of Chevy Chase, Maryland, is a leading expert on productivity, innovation and macroeconomics. He is currently a principal at McKinsey & Company, based at the McKinsey Global Institute in Washington, D.C. At McKinsey, he has conducted studies on productivity and employment in the service sector and manufacturing industries. Dr. Baily is also a co-founder and co-editor of the Microeconomics issue of the Brookings Papers on Economic Activity. Dr. Baily served as a Member of the Council of Economic Advisers from October 1994 until August 1996. His responsibilities included macroeconomic and monetary policy, as well as selected microeconomic issues.
Dr. Baily holds a Ph.D. in Economics from the Massachusetts Institute of Technology. He has taught at MIT, Yale and the University of Maryland. His research has focused on macroeconomic policy, innovation, productivity and economic growth.
The Council of Economic Advisors provides the President with economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues.