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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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31 Dec 2012 RDP 2012-01
Hugo Gerard
These results again highlight the significant cross-country co-movement between inflation rates in the G7. ... In contrast, co-movement in real activity is not significant in driving fluctuations in inflation across G7 countries.
https://www.rba.gov.au/publications/rdp/2012/2012-01/results.html
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Appendix A: A Small Macroeconomic Model of Australia

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
where p. f. is the foreign price level, measured using G7 core inflation.
https://www.rba.gov.au/publications/rdp/2002/2002-01/appendix-a.html

Sign-restricted VAR Results

18 Dec 2008 RDP 2008-08
Philip Liu
To check the robustness of these results, the sign-restricted VAR model is re-estimated using G7 data as the foreign economy.
https://www.rba.gov.au/publications/rdp/2008/2008-08/sig-res-results.html
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Outlook

6 Feb 2024 SMP – February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html

Co-movement in Inflation

28 Jan 2015 RDP PDF 814KB
G7 output, consumption and investment growth; the indicators have been shifted forward one quarter. ... 0.30. Average G7 (excluding theUS) core inflation response. Quarters. % pts Individual country coreinflation responses.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-01.pdf

A Structural Vector Autoregression Model of Monetary Policy in Australia

1 Dec 1999 RDP 1999-11
Andrea Brischetto and Graham Voss
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1999/1999-11.html
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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
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Box C: Inflation in Australia and Other Industrialised Economies

10 Aug 2008 SMP – August 2008
The increase has been relatively uniform across these countries, with the weighted-average inflation rate of a representative group of countries (the G7 excluding Japan, plus New Zealand and Sweden) increasing
https://www.rba.gov.au/publications/smp/2008/aug/box-c.html

The International Environment

10 Nov 2023 SMP – November 2023
The International Environment | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/the-international-environment.html

Appendix C: Adjusting for Tariffs and the Balassa-Samuelson Effect

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
We assume that the difference between the rate of labour productivity growth in the traded sector and the whole economy in Australia is the same as in the G7 economies. ... We therefore assume that x is given by the difference between consumer-price and
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-c.html
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