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log linear

PostPosted: Sun Feb 16, 2014 3:27 pm
by tahmin
hi friends, I have problem with an equation, I can't log linear this equation with Uhlig method.
Equation is in attachment. please help me to solve this problem.

Re: log linear

PostPosted: Fri Mar 28, 2014 1:19 pm
by cjcostaj
The result is:

Gss * G~t = TAss * TA~t + ORss * OR~t + (Mss/Pss)*( M~t - M~(t-1) ) + (Bss/Pss) * [B~t - B~(t-1) + rss*( r~t + B~(t-1) - P~t )]

where: X~t = log(Xt / Xss)

best regards,

Celso