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    <title><![CDATA[What does the Big Mac say about Euro Area adjustment?]]></title>
    <link>http://www.bruegel.org</link>
    <description><![CDATA[]]></description>
    <pubDate>Tue, 18 Jun 2013 22:43:43 +0100</pubDate>
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      <url>http://www.bruegel.org/fileadmin/images/bruegel-logo.png</url>
      <title><![CDATA[What does the Big Mac say about Euro Area adjustment?]]></title>
      <link>http://www.bruegel.org</link>
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      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[Thank you for the article. It appears as though the author, like an economist friend, has his feet firmly planted in the real world.<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Thu, 07 Feb 2013 13:21:46 +0000</pubDate>
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      <title><![CDATA[]]></title>
      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[The worst thing about the big mac index, is that third world countries try to manipulate the index. Argentina freezed the prize of a Big Mac, so that the inflation would not appear so high as it is now. (A Cheeseburger in Argentina is much ,ore expensive as a Big mac nowadays)<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Thu, 07 Feb 2013 10:00:36 +0000</pubDate>
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      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[Finnish prices reflect the \&quot;true\&quot; state of the country\'s economy. The Finnish way of \&quot;cooking the books\&quot; is just a way lot smarter than the Greek or Italian hence triple A rating for an economy that is nearly bust.<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Thu, 07 Feb 2013 09:30:38 +0000</pubDate>
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      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[Further question. I looked at HICP data at Eurostat. I am not convinced it is a valid explanation for the somewhat odd behavior of Finnish Big Mac prices. As Finland (still) is a triple.A economy it seems to sit in wrong company. As you mentioned \&quot;the Big Mac index doesn’t fully capture the missing price adjustment in Germany\&quot;, either.<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Thu, 07 Feb 2013 08:17:28 +0000</pubDate>
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      <title><![CDATA[]]></title>
      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[In the first figure on relative price changes Italy is apprently in \&quot;wrong company\&quot; when among Austria, Estonia, Germany, and Netherlands. However Finland, a triple A-country, is in the same figure among crisis countries Ireland, Portugal, and Spain as well as still teetering France and Belgium.  Could you provide some insight why Finland is among those contries in which the relative price of Big Mac has declines?<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Thu, 07 Feb 2013 02:29:24 +0000</pubDate>
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      <title><![CDATA[]]></title>
      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[which would then be \'right policies to address high inflation\'? 
We are next to election days and we, or at least myself, I would be very appreciate some suggestions, from outside Italy* and from outside the fake and polemical chitchatting of these weeks. 
Thanks E V
*(we still have Berlu, but also Renzi, Bersani, Bonino, and even Monti.... or an apparently weird man but quite brave O. Giannino)<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Wed, 06 Feb 2013 16:53:53 +0000</pubDate>
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      <link>http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/</link>
      <description><![CDATA[Are you serious with this? Did you background check things like VAT rates on food, fat taxes, price of meat... Your big mac prices may be no more than the composite result of a few sparse factors, you can\'t expect them to reveal deep trends of the eurozone because a SINGLE product doesn\'t make a reliable sample. Of course one thing it does is making hasty conclusions vivid and understandable for dummy readers, perhaps that\'s what this article was going after ?<br/><br/><a href="http://www.bruegel.org/nc/blog/detail/article/1005-what-does-the-big-mac-say-about-euro-area-adjustment/">Read more...</a>]]></description>
      <pubDate>Wed, 06 Feb 2013 11:27:43 +0000</pubDate>
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