Simplifying The Big Mac Index

Kenneth W. Clements; Jiawei Si

doi:10.1111/jifm.12058

Simplifying The Big Mac Index

Kenneth W. Clements, Jiawei Si

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

275 Downloads (Pure)

Abstract

The Economist magazine recently introduced a major innovation to its famous Big Mac Index of currency values by adjusting for differences in incomes of countries. A recent paper (O'Brien and Ruiz de Vargas, OR) explains clearly the workings of the new index, something overlooked by The Economist. The current article draws on OR to suggest an alternative formulation that is attractive in its simplicity.

Original language	English
Pages (from-to)	86-99
Number of pages	14
Journal	Journal of International Financial Management and Accounting
Volume	28
Issue number	1
DOIs	https://doi.org/10.1111/jifm.12058
Publication status	Published - 1 Feb 2017

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10.1111/jifm.12058

Clements & Si 2017 Simplifying The Big Mac Index
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Simplifying The Big Mac Index

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