Posts Tagged ‘foreign exchange’

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    Burgernomics

    Jul 25, 10 • 284 Views • No Comments

    The Big Mac Index is out again. Not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us? Starting with an average U.S. price of $3.73 (based on 4 cities), we can determine whether...  [read more]

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    Yuan or Yen

    Mar 27, 10 • 245 Views • No Comments

    Harvard professor Niall Ferguson, called China a currency manipulator in a recent interview. Next month, Treasury Secretary Tim Geithner will let us know if he agrees. The United States has not formally called China a currency manipulator since...  [read more]

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    Hamburger Economics

    Mar 22, 10 • 515 Views • 1 Comment

    When U.S. senators consider whether to respond to an undervalued Yuan, they can check the most recent Big Mac Index.  Big Macs are 49% cheaper in China than in the U.S. According to The Economist, we would pay $3.58 for a Big Mac here and the...  [read more]