Using big Macs to judge mcparity of mccurrency

April 1997
Journal of Financial Planning;Apr97, Vol. 10 Issue 2, p13
Academic Journal
Reports that a National Bureau of Economic Research study has endorsed `The Economist' magazine's practice of surveying the price of McDonald's Corp. Big Mac hamburger sandwiches in 15 countries. Predictive power about the direction of a country's local currency; Group of Seven industrial countries' debate over the correct value of the United States dollar.


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