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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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The Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Following Dwyer et al (1994), the domestic-currency (‘over-the-docks’) price of imports is determined by world prices converted to domestic currency using a nominal effective (G7 GNP-weighted) exchange ... Although empirically the nominal G7
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html

Appendix D: Data Definitions and Sources

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
ner. Nominal exchange rate. Definition:. Australian dollar against a GNP-weighted basket of G7 currencies. ... wp. Foreign export (and consumer) prices. Definition:. GNP-weighted average of domestic currency export prices in each of the G7 economies.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-d.html