burgernomics en · NOUN
Etymology
Blend of burger + economics, equivalent to burger + -nomics, coined in The Economist in 1986 by Pam Woodall with the introduction of the Big Mac Index.
Meanings
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(uncountable) An informal measurement of the purchasing power parity between currencies, based on the price of a Big Mac in various countries.
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.
2004, Adrian Buckley, Multinational Finance:Burgernomics hints that their currencies are a little overcooked.
2008, Glen Arnold, Corporate Financial Management: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.
1998, Nick Perry, Hyperreality and global culture:Curiously, however, burgernomics has an impressive record in predicting exchange rates: currencies that show up as overvalued often tend to weaken in later years.
2009, Theo S Eicher, John H Mutti, Michelle H Turnovsky, Robert M Dunn, International Economics:Burgernomics is based upon the theory of purchasing-power parity (PPP)...
1995, James W Eaton, Frederic S Mishkin, 1995 readings to accompany Mishkin, The economics of money, banking, and financial markets: