Professor Bai is the Mansfield Freeman Chair Professor in Economics, Chairman of the Department of Economics and Associate Dean of the School of Economics and Management, Tsinghua University. Professor Bai earned his Bachelor in Mathematics from University of Science and Technology of China in 1983. He received his Ph.D. in Economics from Harvard University in 1993, after earning a Ph.D. in Mathematics from University of California, San Diego in 1988. Before he joined Tsinghua in 2004, he was on the faculty of Boston College and the University of Hong Kong. He was appointed as the chairman of the Department of Economics of the School of Economics and Management at Tsinghua University in 2005, and an associate dean of the School of Economics and Management at Tsinghua University in 2009.
He was selected a Cheung Kong Scholar by the Ministry of Education of China in 2006 and received the Distinguished Young Scholar Grant from the National Science Foundation of China in the same year. He won the inaugural Pu Shan – Bank of China best paper award by the China Society of World Economics in 2008 and the Sun Yefang best economics paper award in 2009. He teaches "Advanced Microeconomics", "Intermediate Macroeconomics" and "Managerial Economics".
Professor Bai has published extensively in top international and domestic journals such as Rand Journal of Economics, Journal of Labor Economics, Journal of International Economics, Journal of Comparative Economics, Brookings Papers on Economic Activity, Social Science in China (in Chinese), Economic Research Journal (in Chinese), Journal of the World Economy (in Chinese), Journal of Financial Research (in Chinese).
Professor Bai served on the editorial board of Journal of Comparative Economics and World Bank Economic Review, and still serves on the editorial or advisory board of many domestic academic journals. He is the director of the National Institute for Fiscal Studies, a deputy director of the Institute of Low Carbon Economy, and a member of the academic committee of the Center for Industrial Development and Environmental Governance at Tsinghua University. He is a member of the 50 Chinese Economists Forum and was a nonresident Senior Fellow of the Brookings Institution between 2006 and 2007.