Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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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…
June 1, 2010
Immigration and Migration
Testimony: Next Steps for the Mérida Initiative
On May 27th I testified at a joint hearing of the House Committee on Homeland Security’s Subcommittee on Border, Maritime, and Global Counterterrorism and the Committee on Foreign Affairs’ Subcommitt…
July 19, 2017
Financial Markets
How Fairly Valued is China’s Currency? Big Mac and Mini Mac Square Off Again.
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 famous Big Mac I…