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Log-Linearization of Stochastic Economic Models

Stachurski, John


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
Source: Journal of Difference Equations and Applications
DOI: 10.1080/10236190601069002


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