What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the marketexchange rates for different countries’ currenciesare overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger ...
The EconomistAn economist compares the levels of one currency against another with the help of Big Mac index (BMI). The purpose of the BMI is to determine currency misalignment, and it is based on the concept of purchasing‐power parity (PPP), which states that identical goods should be ...
aThe BigMac index is The Economist’s lighthearted analysis of foreign-exchange rates. Its secret sauce is the theory of purchasing-power parity (PPP), according to which prices and exchange rates should adjust over the long run, so that identical baskets of tradable goods cost the same across...
求翻译:The BigMac index is The Economist’s lighthearted analysis of foreign-exchange rates. Its secret sauce is the theory of purchasing-power parity (PPP), according to which prices and exchange rates should adjust over the long run, so that identical baskets of tradable goods cost the same...
The Economist introduced this method as a measure that "seeks to make exchange-rate theory a bit more digestible". How the Big Mac index is calculated The Big Mac PPP exchange rate between two countries is obtained by dividing the price of a Big Mac in one country (in its currency) by ...
Thus, The Economist introduced a simple indicator of the fundamental value of currencies globally.What does the Big Mac Index show, and why exactly was it taken as an indicator?It's pretty simple. Big Mac is the most well-known product in McDonald's' fast-food chain. Besides, the same ...
Big Mac currency.Big Mac currency.Explains the `Big Mac Index' that `The Economist' uses to estimate whether a country's currency is over- or under-valued in terms of United States dollars. It is based on McDonald's Big Mac hamburger.EBSCO...
aThe Big Mac index is The Economist’s lighthearted analysis of foreign-exchange rates. Its secret sauce is the theory of purchasing-power parity (PPP), according to which prices and exchange rates should adjust over the long run, so that identical baskets of tradable goods cost the same ...
local_pricePrice of a Big Mac in the local currencyMcDonalds;The Economist dollar_exLocal currency units per dollarReuters dollar_pricePrice of a Big Mac in dollars USD_rawRaw index, relative to the US dollar EUR_rawRaw index, relative to the Euro ...
StudiessuggestthattheBigMacindexfairly closelytracksthepurchasing-power-parityratescalculatedbymoresophisticatedmethods. 研究表明,购买力平价率是由精密的方法算出,巨无霸指数可时刻跟踪这些数据。 www.ecocn.org 5. AFEWweeksagoTheEconomistinvitedreaderswhoenjoyourBigMacindextoinventotherquirkyeconomicindicators. ...