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Malpass is Chief Global Economist of Bear Stearns. He joined the firm
in February 1993 and is a Senior Managing Director. He writes economic
and financial studies and discusses financial market conditions with institutional
investors. His duties include economic forecasts for the U.S. and major
foreign economies, Washington analysis, and global investment themes.
Malpass is a regular
contributor to the Wall Street Journal and a frequent public speaker and
television guest. He is a member of the Economic Club of New York and
the Council on Foreign Relations, and sits on the board of the Council
of the Americas. He is a member of the Congressional Blue Ribbon Advisory
Panel on Dynamic Scoring.
Between February
1984 and January 1993, Malpass held a series of economic appointments
during the Reagan and Bush administrations, including six years with Secretary
James Baker at the Treasury and State Departments. He was also Republican
Staff Director of Congress’s Joint Economic Committee and Senior Analyst
for Taxes and Trade at the Senate Budget Committee.
In his government
positions, Malpass worked on an array of economic, budget, and international
issues, including: the 1986 tax cut, several congressional budget resolutions,
the Gramm-Rudman budget law, the savings-and-loan bailout, NAFTA, the
Brady plan for developing country debt, and fast-track trade authority.
He was a member of the government’s Senior Executive Service and testified
frequently before Congress.
From 1977 to 1983,
Malpass worked in Portland, Oregon, as a financial manager and as a Certified
Public Accountant with Arthur Andersen’s consulting group.
Malpass received
a bachelor's degree in physics from Colorado College and a master's degree
in business administration from the University of Denver. He studied international
economics at Georgetown University's School of Foreign Service, and speaks
Spanish, French, and Russian.
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