Skip navigation
Skip navigation

Log-Linearization of Stochastic Economic Models

Stachurski, John

Description

This paper studies formally the common practice of log-linearizing stochastic economic models, making precise the conditions under which stability of the original model can be inferred from that of the linearized model. A transformation to recover the stochastic equilibrium of the former from that of the latter is provided.

CollectionsANU Research Publications
Date published: 2007
Type: Journal article
URI: http://hdl.handle.net/1885/31301
Source: Journal of Difference Equations and Applications
DOI: 10.1080/10236190601069002

Download

File Description SizeFormat Image
01_Stachurski_Log-Linearization_of_2007.pdf123.09 kBAdobe PDF    Request a copy
02_Stachurski_Log-Linearization_of_2007.pdf158.87 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator