Log-Linearizing Around the Steady State: A Guide with Examples

18 Pages Posted: 14 Dec 2006

See all articles by Joachim Zietz

Joachim Zietz

EBS University, EBS Business School

Date Written: December 2, 2006

Abstract

The paper discusses for the beginning graduate student the mathematical background and several approaches to converting nonlinear equations into log-deviations from the steady state format. Guidance is provided on when to use which approach. Pertinent examples with detailed derivations illustrate the material.

Keywords: Log-linearization, log-deviations from the steady state, examples

JEL Classification: C60, C65

Suggested Citation

Zietz, Joachim, Log-Linearizing Around the Steady State: A Guide with Examples (December 2, 2006). Available at SSRN: https://ssrn.com/abstract=951753 or http://dx.doi.org/10.2139/ssrn.951753

Joachim Zietz (Contact Author)

EBS University, EBS Business School ( email )

Gustav-Stresemann-Ring 3
Wiesbaden, Hessen 65189
Germany

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