All endogenous are constant or non stationary

Stochastic simulations
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stoch_ior_aug_2019.mod (1.2 KB)

I am getting really bad IRF graphs with the warning message

“All endogenous are constant or non stationary.”

Can someone help me address this problem?

2

MODEL_DIAGNOSTICS: The following endogenous variables aren’t present at the current period in the model:
k

The timing on your shock equation in line 30 is also most probably wrong. It should not just hold in expectations.