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RBA Glossary definition for G7

G7 – Group of Seven countries: Canada, France, Germany, Italy, Japan, UK and the USA. The G7 deals with issues of primary interest to developed economies.

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Appendix A: Data Description and Sources

9 Dec 2008 RDP 2008-07
Jarkko Jääskelä and Kristoffer Nimark
World Output. : real trade-weighted G7 GDP (RBA). World inflation. : trade-weighted G7 headline CPI inflation (RBA).
https://www.rba.gov.au/publications/rdp/2008/2008-07/appendix-a.html

The Model – Main Features

9 Dec 2008 RDP 2008-07
Jarkko Jääskelä and Kristoffer Nimark
The foreign economy is represented by a simple VAR(4) process for trade-weighted G7 GDP (linearly detrended), inflation and a simple average of US, euro area and Japanese interest rates.
https://www.rba.gov.au/publications/rdp/2008/2008-07/mod-main-features.html