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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: 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

Appendix D: Glossary and Data

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
θ. t. real exchange rate (trade-weighted). e. t. nominal exchange rate (against the G7). ... Calculated as the ratio of nominal and real G7 import weighted exchange rates.
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html

The Steady State and Potential Output

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
t. , used in the import price equation is the Australian dollar against (a weighted average of) the G7 currencies. ... t. , appreciates (depreciates) steadily to offset any difference between domestic and G7 consumer price inflation.
https://www.rba.gov.au/publications/rdp/2000/2000-05/steady-state-and-potential-output.html

References

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
Download the Paper 535. KB. Banerjee A and B Russell (1999), ‘The Relationship Between the Markup and Inflation in the G7 Plus One Economies’, Oxford University Applied Economics Discussion Paper Series
https://www.rba.gov.au/publications/rdp/2000/2000-05/references.html