Pakko, Michael R.; Pollard, Patricia S. - In: Review (2003) Nov, pp. 9-28
The theory of purchasing power parity (PPP) has long been a staple of international economic analysis. Recent years have seen the rise in popularity of a tongue-in-cheek, fast-food version of PPP: The Big Macâ„¢ index. In this article, Michael Pakko and Patricia Pollard describe how comparisons...