Hello Prof. I am new to Dynare and DSGE. I am attempting to replicate a paper by Fève, Moura and Pierrard for Indian economy. As written a in paper I am trying to run bayesian estimation of DSGE RBC Model. But I am getting persistent error of the steady state has NaNs or Inf. I am unable to figure out why this is so. Kindly help me out. I am attaching the relevant paper, my mod file and data file respectively.

Paper.pdf (2 MB)

DSGEM.mod (3.5 KB)

DSGE.csv (1.0 KB)

I am gettting following results:

Residuals of the static equations:

Equation number 1 : NaN : y

Equation number 2 : NaN : rk

Equation number 3 : NaN : w

Equation number 4 : NaN : pc

Equation number 5 : NaN : x

Equation number 6 : NaN : cc

Equation number 7 : NaN : 7

Equation number 8 : NaN : 8

Equation number 9 : NaN : 9

Equation number 10 : NaN : t

Equation number 11 : NaN : 11

Equation number 12 : NaN : 12

Equation number 13 : NaN : 13

Equation number 14 : NaN : z

Equation number 15 : 0 : g

Equation number 16 : NaN : 16

Equation number 17 : NaN : sh

Equation number 18 : NaN : le

Equation number 19 : NaN : sp

Equation number 20 : NaN : 20

Equation number 21 : NaN : eps_l

Equation number 22 : NaN : eps_a

Equation number 23 : NaN : 23

Equation number 24 : NaN : 24

Equation number 25 : NaN : 25

error: The steady state has NaNs or Inf.

error: called from

print_info at line 32 column 5

steady at line 102 column 5

driver at line 554 column 1

dynare at line 281 column 5