My research is moving on three fronts. First, trade is now at the forefront of policy discourse, and I am working on an evaluation of NAFTA with the Mexico Center. Many questions remain unanswered as changes to the agreement are contemplated. Our aim is to bring an evidence-based approach to a discussion often marked by hyperbole. I use this research as a pivot to influencing broader trade policy in a direction consistent with sound economic analysis. Second, international monetary policy may move in new directions with the end of the "strong dollar" policy and more aggressive tactics on currency manipulation. My work here focuses on the nexus of monetary and exchange rate policy among major economies. The research and writing in this area draws on years of experience at the U.S. Treasury. Third, I continue to work on topics related to financial market development in India. The bond market remains vulnerable to movements in major markets, and my research explores those channels. Further, the operational side of monetary policy in India has seen continuous tinkering. My research explores how this impacts the transmission of monetary policy and the stability of money markets.
Russell A. Green, Ph.D., is the Will Clayton Fellow in International Economics at Rice University’s Baker Institute and an adjunct professor in the Economics Department, where he teaches financial markets, international finance and macroeconomics. Green’s current research focuses on monetary and exchange rate policy, financial market development in emerging market economies and Indian developmental challenges. His book, "International Monetary Cooperation: Lessons from the Plaza Accord After Thirty Years," co-edited with C. Fred Bergsten, was published by the Peterson Institute for International Economics in Spring 2016.
Prior to joining the Baker Institute, Green spent four years in India as the U.S. Treasury Department’s first financial attaché to that country. His engagement in India primarily focused on financial market development, India’s macroeconomy and illicit finance, and also included diverse topics such as cross-border tax evasion and financing global climate change activities. He worked with counterparts in India’s government to develop the U.S.-India Economic and Financial Partnership, launched in 2009 by Indian Finance Minister Pranab Mukherjee and U.S. Treasury Secretary Timothy Geithner.
Green was previously the deputy director of the U.S. Treasury’s Office of International Monetary Policy, where he led efforts to strengthen International Monetary Fund exchange rate policies and international reserve management. He started his tenure at Treasury in the Office of Quantitative Policy Analysis, focusing on emerging market vulnerabilities and debt sustainability analysis. His economic research has addressed bank regulation, financial liberalization, international reserve accumulation, bilateral investment treaties and the economics of international reproductive health. Green speaks Spanish and Japanese and holds a B.A. from Pomona College and a Ph.D. from the University of California, Berkeley.