The Big Mac Index: A Whopper of an Economic Indicator
(warning: food consumption based puns used in this article without restraint)
In a world where economists and analysts are constantly trying to dissect and decipher complex economic indicators, the "Big Mac Index" has emerged as the ultimate "happy meal" for the economically...
Articles Tagged as: Big mac index
Big Mac – Should be the Same Price in Milan as Manhattan
10
Apr
Many of you will be familiar with the 'Big Mac' Index. The idea behind this index is that a Big Mac should have a comparable cost in one country as it does in another.
Though such an index may seem a bit of a joke, it is actually a good way...
Euro Continues Decline – Should We Be Surprised?
08
Jan
The Euro continues to fall against the USD, however, should we be surprised? Not withstanding the issues surrounding the current Euro debt issues - currencies will often revert back to what is known as the PPP or 'Price Power Parity'.
In simple terms this is the buying power that one currency will have against...