David Malpass

Chief Global Economist, Bear Stearns

David 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.