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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 D: Data Sources and Description

1 Nov 1996 RDP 9607
Nicolas de Roos and Bill Russell
The G7 GDP deflator is used to deflate world share prices. ... Datastream, JPIPDGDPE. G7 GDP deflator. GDP weighted implicit deflator for the G7 based on 1992 prices and exchange rates.
https://www.rba.gov.au/publications/rdp/1996/9607/appendix-d.html

The Impact of Foreign Share Markets on Australian Activity

1 Nov 1996 RDP 9607
Nicolas de Roos and Bill Russell
Figure 6: Detrended Real Share Prices. Note: The world real share price is the nominal world accumulation share price index deflated by the G7 deflator.
https://www.rba.gov.au/publications/rdp/1996/9607/impact-of-foreign-share-markets-on-australian-activity.html