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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 C: Data Definitions

31 Dec 2013 RDP 2013-07
Sean Langcake and Tim Robinson
Download the Paper 658. KB. Output – merchandise export-weighted real gross domestic product, source: RBA; prior to 1991 back-cast with G7 output, source: RBA. ... Interest rates – G7-GDP PPP-weighted interest rates, source: RBA. Exports – real
https://www.rba.gov.au/publications/rdp/2013/2013-07/appendix-c.html

Estimating the Models

31 Dec 2013 RDP 2013-07
Sean Langcake and Tim Robinson
detrended level of output of Australia's trading partners. trade-weighted inflation. a G7 PPP-weighted interest rate. ... The 10 observed variables are:. detrended trade-weighted output. trade-weighted inflation. a G7 interest rate.
https://www.rba.gov.au/publications/rdp/2013/2013-07/estimating-models.html