Martin Baily is a senior fellow in the Economic Studies Program at the Brookings Institution. He is also a senior advisor to McKinsey & Company, assisting the McKinsey Global Institute on projects on globalization and productivity, and an economic advisor to the Congressional Budget Office. Martin first became a senior fellow at Brookings in 1979 and left to serve as a professor of economics at the University of Maryland in 1989. He was chairman of the Council of Economic Advisors during the Clinton administration, from 1999 to 2001. As chairman, he served as economic advisor to the President and was a member of the President’s Cabinet. Martin was also one of three members of the council from 1994 to 1996. He has served as an academic advisor to the Federal Reserve Board and has testified numerous times before Congress. Prior to his return to Brookings in 2007, Martin was a senior fellow at the Peterson Institute for International Economics. His book, Transforming the European Economy, was published by the Peterson Institute in 2004. Martin earned his Ph.D. in economics at MIT.