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August 12, 2024

Economics
Big Macs Show Dollar Hugely Overvalued, But “Mini Macs” Beg to Differ.

Whereas the Economist magazine’s Big Mac currency index says the dollar is hugely overvalued, CFR’s “Mini Mac” index finds it slightly undervalued.

August 6, 2019

United States
“Mini Mac” Shows China’s Currency Shifting Into Undervaluation

The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it actually hold internationally? The Economist magazine’s Big Mac Index us…