A Big Mac Mystery

The Economist created the Big Mac Index in 1986 to compare the price of the Big Mac in different countries. Their goal, they said, was to make exchange rate talk more “digestible.” However, the January 16 Index also generated some…

An Emperor, Immortality, and Monetary Union

By Mira Korber, guest blogger. Two days ago I visited the Times Square Discovery TSX exhibition of the Terracotta Warriors. It is a fascinating display of history, art, and architecture, and I was particularly struck by some economic artifacts from…

Chinese Big Macs

At 14.5 yuan or $2.18, a Beijing Big Mac is cheap. In the U.S. the price is closer to $3.71. As explained by The Economist, we just need to know about the Big Mac to know what the yuan should…