Meaning of burgernomics | Babel Free

Definitions

An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries.

uncountable

Examples

“Burgernomics is based upon the theory of purchasing-power parity (PPP)...”

“Both The Economist's and Smart's study move at the intersection between burgernomics and burgerology. But they also move across each other and thereby point to a more general contrast.”

“Light-hearted burgernomics has become a matter of increasing academic interest and has spawned many articles and even a whole book by Ong (2003) of the International Monetary Fund.”

“Burgernomics hints that their currencies are a little overcooked.”

“Curiously, however, burgernomics has an impressive record in predicting exchange rates: currencies that show up as overvalued often tend to weaken in later years.”

CEFR level