Ed Dolan's Econ Blog

Archive for June, 2011

  • If QE2 Was Price-Level Targeting, It is Starting to Work

    Has QE2 worked? Some say yes, some say no. The answer depends on what you wanted it to do. If you wanted a quick revival of the housing market, a boost to GDP growth, and rapid job creation, it’s easy to say QE2 has failed. None of those indicators look good. On the other hand, […]

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  • One Year Later, How Much has China’s Yuan Appreciated?

    A year ago this week China announced a major change in its exchange rate policy. After holding the yuan-dollar exchange rate fixed for almost two years during the global crisis, the country’s central bank, the People’s Bank of China (PBoC) announced that the yuan would once again be allowed to float, albeit in a highly […]

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