DSGE Modell Error steady state

Good morning at all!
I’ m trying to run the paper of Erica Perego(2020), ‘Sovereign risk and asset market dynamics in the euro area’. However I encountered the error of impossible to find the steady state. I have checked the model equation and the steady state equations and they look like goods. I’m not sure what I should do to solve this problem. Could someone help me, Thanks!

peregopaper.mod (9.2 KB) run.m (9.4 KB)

Your computed initial values lead to very large residuals. For example,

Equation number 2 : 51.849 : lampda_star

That suggests a mistake somewhere.

Thank you for the answer,
So the error will be in the computation of the initial values?

Not necessarily. See