18 eigenvalues greater than 1 for 16 forward-looking variables

Hi! I keep getting the error that BK conditions are not satisfied because there are 18 eigenvalues bigger than 1 for 16 forward-looking variables. I tried to change the timing (it looks correct to me), might be related to Taylor rule, but nothing helped. It is a two-country symmetric NK model. I appreciate any help.

open_dynare.zip (17.3 KB)

For a model that size, I can only give you the generic advice: try to simplify it and see where the problem comes from.