How to pronounce“linearization”in English

a standard linearization that we do in macro all of the time.

So what's nice about this linearization is it actually gives you a lot of intuition for what's going on in this general

constant delicacy trade models, use these linearization techniques, but bring them together with an international macro model where we have both trade and capital flows.

So that's kind of an alternative way of thinking about constant elasticity trade models just using standard linearization techniques.

What we find for productivity shocks on the vertical axis, I'm reporting the correlation between the predictions of our linearization for log changes

That makes a lot of sense, because let's think about what the second order terms are that we're emitting from this linearization.