Steady States calculation (growth model)s

  1. No, Dynare by default does linearization, not log-linearizations. That’s why you need to do something if you want to have logs.

  2. If you have exp(z), then z is already in logs. There is no point in adding another exp.

  3. Generally, I recommend appending auxiliary equations with logged variables instead of doing a full exp-substitution. See Question about understanding irfs in dynare - #4 by jpfeifer