Blanchard & Kahn conditions are not satisfied!

Created a basic DSGE model and I am calibrating it for the Colombian economy. However I am having problems with:

"Error using print_info (line 32)
Blanchard & Kahn conditions are not satisfied: no stable equilibrium.

Error in stoch_simul (line 120)
print_info(info, options_.noprint, options_);

Error in modelo_prueba_datos_3.driver (line 832)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);

Error in dynare (line 281)
evalin(‘base’,[fname ‘.driver’]);"
modelo_prueba_datos_3.mod (11.9 KB)

I know it can be due to many causes. I would appreciate if someone could shed some light on what is causing the problem.

Thank you


When I run your code, the steady state cannot be found.