burgernomics

English

Etymology

Blend of burger +‎ economics, coined in The Economist in 1986 by Pam Woodall with the introduction of the Big Mac Index.

Noun

burgernomics (uncountable)

1. An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries.
   • 1995, James W Eaton, Frederic S Mishkin, 1995 readings to accompany Mishkin, The economics of money, banking, and financial markets:

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

   • 1998, Nick Perry, Hyperreality and global culture:

     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.

   • 2004, Adrian Buckley, Multinational Finance:

     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.

   • 2008, Glen Arnold, Corporate Financial Management:

     Burgernomics hints that their currencies are a little overcooked.

   • 2009, Theo S Eicher, John H Mutti, Michelle H Turnovsky, Robert M Dunn, International Economics:

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