NBER Research Associate R. Glenn Hubbard, a professor of economics and finance at Columbia University and its Graduate School of Business, was nominated by President Bush to chair the Council of Economic Advisers. Hubbard received his Ph. D. in Economics from Harvard University in 1983, taught at Northwestern University until 1988, and then joined the Columbia economics faculty. He also served as deputy assistant secretary of the U.S.Treasury Department in 1990-1.

Lawrence Lindsey, President Bush's chief adviser on economic issues during the campaign, was also an NBER researcher after receiving his doctorate in economics from Harvard. He now heads the National Economic Council.

President Bush has announced his intention to nominate NBER Research Associate John B. Taylor, currently the Mary and Robert Raymond Professor of Economics at Stanford University, as Under Secretary of Treasury for International Affairs. Taylor was also a member of the Council of Economic Advisers in 1989-91.

The President also has announced his intention to nominate NBER Research Associate Mark B. McClellan, a professor of economics at Stanford University, as a member of the Council of Economic Advisers and an adviser to the National Economic Council for health care policy.

Other NBER researchers are expected to be appointed to economic posts in the Bush Administration in the coming months.