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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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7 November 2023 | Minutes of the Monetary Policy Meeting of the Board

21 Nov 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 November 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-11-07.html

Appendix B: Data Description and Sources

31 Dec 2010 RDP 2010-02
Jarkko Jääskelä and Rebecca McKibbin
World Output. : G7 trade-weighted real GDP (RBA). World inflation. : G7 trade-weighted headline CPI inflation (RBA).
https://www.rba.gov.au/publications/rdp/2010/2010-02/appendix-b.html
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Changes in the Determinants of Inflation in Australia

1 Dec 2009 RDP PDF 371KB
These are largely confined to the G7. Our approach is to view the G7 countries as price-makers that set a notional worldprice for goods and services and estimate first stage ... pass-through using thecurrency and export prices of these G7 countries,
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf

Appendix A: Data

31 Dec 2001 RDP 2001-02
Jacqueline Dwyer and Kenneth Leong
Foreign export prices. Definition:. Nominal GDP weighted-average of G7 export price indices. ... Calculated as the ratio of nominal and real G7 import-weighted exchange rates.
https://www.rba.gov.au/publications/rdp/2001/2001-02/appendix-a.html
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A Small Model of the Australian Macroeconomy

1 Dec 2009 RDP PDF 534KB
We can view the G7 countries as setting a notional world price in global marketsfor goods and services. ... Of course, deviations from this price by non-G7 tradingpartners will not be captured by the equation.
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-05.pdf

Monetary Policy Goals for Inflation in Australia

30 Nov 2009 RDP PDF 85KB
G7 economies. 10. where X is a vector of explanatory variables (including the instruments of monetarypolicy), and? ... 7 The weighted average RMSE of the individual OECD forecasts for the G7 countries over theperiod 1974-1992 was 1.5 per cent.
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.pdf

International Trade Costs, Global Supply Chains and Value-added Trade in Australia

4 Feb 2015 RDP PDF 977KB
0.4. 0.5. 0.6. 0.7. 0.8. 2011. ratio. Australia. ratio. G7. World. ... In contrast, the supply chains of the G7 countries tend tobe relatively downstream and less fragmented by international standards.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-07.pdf

The Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Following Dwyer et al (1994), the domestic-currency (‘over-the-docks’) price of imports is determined by world prices converted to domestic currency using a nominal effective (G7 GNP-weighted) exchange ... Although empirically the nominal G7
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html
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Appendix A: Data Sources and Definitions

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
Series. Sources. Definition. Output. G7 GDP. IMF; RBA; Thomson Reuters. G7 gross domestic product, chain volume, seasonally adjusted (sa).
https://www.rba.gov.au/publications/rdp/2012/2012-02/appendix-a.html
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The US Current Account Deficit: A Re-examination of the Role of Private Saving

13 Nov 2005 RDP PDF 243KB
later. Figure 1: US Share of Adjusted G7 GDP. 0.38. 0.39. 0.40. ... One of the first questions that might be raised is why Figure 1 considers the US share of adjusted G7 GDP?
https://www.rba.gov.au/publications/rdp/2005/pdf/rdp2005-09.pdf