numeraire

This does NOT mean merely rebuilding what existed before 1914, but an expansion that could continue until, again, socially necessary labor time of reproduction was superannuated as the "numeraire", the common denominator, of capitalist exchange at the new, higher "standard of value".

Upping the Anti - A Journal of Theory and Action 2008

The dollar's status as the global numeraire means that the U.S. has had the luxury of tightening fiscal policy at its own pace.

OECD Economies Struggle To Restore Fiscal Order 2010

The dollar's status as the global numeraire means that the U.S. has had the luxury of tightening fiscal policy at its own pace.

OECD Economies Struggle To Restore Fiscal Order 2010

If the Euro does start to rival the dollar as a numeraire, business will see some benefits from being able to invoice goods in their own currency or being able to buy commodities denominated in their own currency.

EURO SPEECH Alex Allan 2009

An index that uses coal as the numeraire would show a large fall in 1968-74, one not indicated by the oil-based index.

Energy quality 2008

The quality index in equation (4) equation embodies a restrictive assumption that fuels are perfect substitutes and the index is sensitive to the choice of numeraire.

Net energy analysis 2008

To avoid dependence on a numeraire, Berndt (1978, 1990) proposed a discrete approximation to the Divisia index to aggregate energy.

Energy quality 2008

An index that uses coal as the numeraire would show a large fall in 1968-74, one not indicated by the oil-based index.

Net energy analysis 2008

The quality index in Equation (5) embodies a restrictive assumption – that fuels are perfect substitutes – and the index is sensitive to the choice of numeraire.

Energy quality 2008

For example, the rise in oil prices in 1979-80 would cause an aggregate energy index which uses oil as the numeraire to fall dramatically.

Energy quality 2008