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A clarifying note on converting to log-deviations from the steady state

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  • Joachim Zietz

    (Middle Tennessee State University)

Abstract

The paper discusses the mathematical background and several alternative strategies of converting equations as typically found in dynamic stochastic general equilibrium models into log-deviations from the steady state form. Guidance is provided on when to use which computational strategy. More examples with detailed derivations and a simple Maple program to automate the conversion are made available online.

Suggested Citation

  • Joachim Zietz, 2008. "A clarifying note on converting to log-deviations from the steady state," Economics Bulletin, AccessEcon, vol. 3(50), pages 1-15.
    • Handle: RePEc:ebl:ecbull:eb-08c60004
    as

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    File URL: http://www.accessecon.com/pubs/EB/2008/Volume3/EB-08C60004A.pdf
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    References listed on IDEAS

    as
    1. Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, December.
    2. Heijdra, Ben J., 2017. "Foundations of Modern Macroeconomics," OUP Catalogue, Oxford University Press, edition 3, number 9780198784135.
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    Cited by:

    1. Caiani, Alessandro & Godin, Antoine & Caverzasi, Eugenio & Gallegati, Mauro & Kinsella, Stephen & Stiglitz, Joseph E., 2016. "Agent based-stock flow consistent macroeconomics: Towards a benchmark model," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 375-408.

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    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

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