{"id":"https://openalex.org/W2097345965","doi":"https://doi.org/10.20955/r.78.3-22","title":"For Here or To Go? Purchasing Power Parity and the Big Mac","display_name":"For Here or To Go? Purchasing Power Parity and the Big Mac","publication_year":1996,"publication_date":"1996-01-01","ids":{"openalex":"https://openalex.org/W2097345965","doi":"https://doi.org/10.20955/r.78.3-22","mag":"2097345965"},"language":"en","primary_location":{"id":"doi:10.20955/r.78.3-22","doi":"https://doi.org/10.20955/r.78.3-22","is_oa":true,"landing_page_url":"https://doi.org/10.20955/r.78.3-22","pdf_url":"https://files.stlouisfed.org/research/publications/review/96/01/9601mp.wk4","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://files.stlouisfed.org/research/publications/review/96/01/9601mp.wk4","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069351088","display_name":"Michael R. Pakko","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I77793887","display_name":"Federal Reserve Bank of St. Louis","ror":"https://ror.org/02skhjj30","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I77793887"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Michael R. Pakko","raw_affiliation_strings":["Federal Reserve Bank of St. Louis. Kelly Morris","Federal Reserve Bank of St. Louis. Kelly"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of St. Louis. Kelly Morris","institution_ids":["https://openalex.org/I77793887"]},{"raw_affiliation_string":"Federal Reserve Bank of St. Louis. Kelly","institution_ids":["https://openalex.org/I77793887"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5033278637","display_name":"Patricia S. Pollard","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I77793887","display_name":"Federal Reserve Bank of St. Louis","ror":"https://ror.org/02skhjj30","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I77793887"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Patricia S. Pollard","raw_affiliation_strings":["Federal Reserve Bank of St. Louis. Kelly Morris","Federal Reserve Bank of St. Louis. Kelly"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of St. Louis. Kelly Morris","institution_ids":["https://openalex.org/I77793887"]},{"raw_affiliation_string":"Federal Reserve Bank of St. Louis. Kelly","institution_ids":["https://openalex.org/I77793887"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I77793887"],"apc_list":null,"apc_paid":null,"fwci":7.4281,"has_fulltext":true,"cited_by_count":65,"citation_normalized_percentile":{"value":0.96997817,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"78","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9560999870300293,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9560999870300293,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.009499999694526196,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.005400000140070915,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.9980000257492065},{"id":"https://openalex.org/keywords/big-mac-index","display_name":"Big Mac index","score":0.8870000243186951},{"id":"https://openalex.org/keywords/price-level","display_name":"price level","score":0.6859999895095825},{"id":"https://openalex.org/keywords/international-trade","display_name":"international trade","score":0.8420000076293945},{"id":"https://openalex.org/keywords/market-basket","display_name":"market basket","score":0.44999998807907104},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.621999979019165}],"concepts":[{"id":"https://openalex.org/C109888216","wikidata":"https://www.wikidata.org/wiki/Q82135","display_name":"Purchasing power parity","level":3,"score":0.7282363176345825},{"id":"https://openalex.org/C2777151079","wikidata":"https://www.wikidata.org/wiki/Q141160","display_name":"Parity (physics)","level":2,"score":0.5353387594223022},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5206448435783386},{"id":"https://openalex.org/C69048361","wikidata":"https://www.wikidata.org/wiki/Q7310798","display_name":"Relative purchasing power parity","level":4,"score":0.4736771881580353},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3844042718410492},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3774976432323456},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.12070879340171814},{"id":"https://openalex.org/C109214941","wikidata":"https://www.wikidata.org/wiki/Q18334","display_name":"Particle physics","level":1,"score":0.11179840564727783},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.20955/r.78.3-22","doi":"https://doi.org/10.20955/r.78.3-22","is_oa":true,"landing_page_url":"https://doi.org/10.20955/r.78.3-22","pdf_url":"https://files.stlouisfed.org/research/publications/review/96/01/9601mp.wk4","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:fip:fedlrv:y:1996:i:jan:p:3-22:n:v.78no.1","doi":null,"is_oa":false,"landing_page_url":"https://files.stlouisfed.org/files/htdocs/publications/review/96/01/9601mp.pdf","pdf_url":"https://files.stlouisfed.org/files/htdocs/publications/review/96/01/9601mp.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"doi:10.3886/icpsr1156","doi":"https://doi.org/10.3886/icpsr1156","is_oa":true,"landing_page_url":"https://doi.org/10.3886/icpsr1156","pdf_url":null,"source":{"id":"https://openalex.org/S4363604084","display_name":"ICPSR Data Holdings","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4387153780","host_organization_name":"Inter-university Consortium for Political and Social Research","host_organization_lineage":["https://openalex.org/I4387153780"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Dataset"}],"best_oa_location":{"id":"doi:10.20955/r.78.3-22","doi":"https://doi.org/10.20955/r.78.3-22","is_oa":true,"landing_page_url":"https://doi.org/10.20955/r.78.3-22","pdf_url":"https://files.stlouisfed.org/research/publications/review/96/01/9601mp.wk4","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.47999998927116394}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2097345965.pdf","grobid_xml":"https://content.openalex.org/works/W2097345965.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W1495340634","https://openalex.org/W1498422611","https://openalex.org/W1525682154","https://openalex.org/W1531683212","https://openalex.org/W1538346221","https://openalex.org/W1551672280","https://openalex.org/W1599024647","https://openalex.org/W1641540762","https://openalex.org/W1981183884","https://openalex.org/W2023522548","https://openalex.org/W2029184510","https://openalex.org/W2033665274","https://openalex.org/W2072012617","https://openalex.org/W2144139454","https://openalex.org/W2162752858","https://openalex.org/W2890661985","https://openalex.org/W3122568378","https://openalex.org/W3125902081","https://openalex.org/W3147582500"],"related_works":["https://openalex.org/W7055317448","https://openalex.org/W2478344013","https://openalex.org/W2327755850","https://openalex.org/W2481564386","https://openalex.org/W2480337684","https://openalex.org/W2162895472","https://openalex.org/W159020502","https://openalex.org/W3095944386","https://openalex.org/W2567491530","https://openalex.org/W2029541290"],"abstract_inverted_index":{"The":[0],"theory":[1],"of":[2,31],"Purchasing":[3],"Power":[4],"Parity":[5],"(PPP)":[6],"has":[7,42],"long":[8],"held":[9],"a":[10,27],"prominent":[11],"place":[12],"in":[13,21,47],"international":[14,37],"economics.":[15],"It":[16],"states":[17],"that":[18],"price":[19],"levels":[20],"different":[22],"countries,":[23],"as":[24],"measured":[25],"by":[26,36],"representative":[28],"market":[29],"basket":[30],"commodities,":[32],"will":[33],"be":[34],"equalized":[35],"trade.":[38],"Empirically,":[39],"however,":[40],"PPP":[41],"not":[43],"fared":[44],"particularly":[45],"well":[46],"formal":[48],"statistical":[49],"tests.":[50]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}