Error in computing likelihood, Blanchard Kahn conditions


My dynare code is giving me this ofter occured error
Error using print_info (line 45)
Blanchard Kahn conditions are not satisfied: indeterminacy

Error in print_info (line 45)
error([‘Blanchard Kahn conditions are not satisfied:’ …

Error in initial_estimation_checks (line 69)
print_info(info, DynareOptions.noprint, DynareOptions)

Error in dynare_estimation_1 (line 179)
oo_ = initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);

Error in dynare_estimation (line 89)

Error in model1 (line 707)

Error in dynare (line 180)
evalin(‘base’,fname) ;

I am trying to modify priors, but nothing really helps and I dont want to go very far from the original model. Does anyone can suggest me way how to solve this?model1.mod (12.4 KB)

You did not provide a datafile. I cannot run your code without it

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