Going beyond the Big Mac index: Eqchange – a new powerful database on actual and equilibrium effective exchange rates

Academics have traditionally computed their own measure for assessing whether a currency is over- or undervalued, while policymakers rely on scarce public information with inconsistent data. This column introduces a new database, EQCHANGE, which includes nominal and real effective exchange rates, as...

Going beyond the Big Mac index: Eqchange – a new powerful database on actual and equilibrium effective exchange rates