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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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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 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

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

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 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

Trade Invoicing Currency and First-stage Exchange Rate Pass-through

21 Jun 2016 RDP PDF 1136KB
Nominal import. trade-weighted. exchange rate index. Nominal G7. GDP-weighted. exchange rate.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-05.pdf

The Role of International Shocks in Australia’s Business Cycle

2 Dec 2009 RDP PDF 372KB
5.2 G7 as the Foreign Economy 21. 6. Conclusion 21. Appendix A: Sign Restriction Algorithm 22. ... The result is robust across different foreign specificationsusing data for the United States and the G7 countries.
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-08.pdf

Household Economic Inequality in Australia

25 Oct 2017 RDP PDF 4842KB
22. Compared with the average of the G7 countries, Australia appears to haveexperienced a similar increase in disposable income inequality between themid 1990s and late 2000s. ... 24. in the 2000s to that in the 1990s, it appears that Australia
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-15.pdf

The Role of Credit Supply in the Australian Economy

28 Jan 2015 RDP PDF 817KB
Research Discussion Paper. The Role of Credit Supply in the Australian Economy. David Jacobs and Vanessa Rayner. RDP 2012-02. The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-02.pdf