Martin Neil Baily, former senior fellow (2001–07), focuses on issues of globalization, productivity and competitiveness, Social Security reform, and US economic policy. He was chairman of the Council of Economic Advisers during the Clinton administration (1999–2001) and one of three members of the council from 1994 to 1996. Baily was a principal at McKinsey & Company’s Global Institute (1996–99) and has been a senior adviser to McKinsey since 2002. He joined the board of The Phoenix Companies, Inc. in 2005 and is an academic adviser to the Congressional Budget Office and associate editor of the Journal of Economic Perspectives.
Baily was a senior fellow at the Brookings Institution (1979–89) and a professor of economics at the University of Maryland (1989–96). He was vice chairman of a National Academy of Sciences/National Research Council panel investigating the effect of computers on productivity and a research associate at the National Bureau of Economic Research. Baily cofounded the microeconomics issues of the Brookings Papers on Economic Activity. He earned his PhD in economics at the Massachusetts Institute of Technology (MIT) and taught at MIT and Yale University. He is the author of numerous books and articles and coauthor (with Jacob Kirkegaard) of Transforming the European Economy (2004).
An economist and lawyer who has served in a variety of federal agencies and White House posts, Bob Litan is an expert on antitrust; banking; Internet policy; and other financial and regulatory issues.