Hi, I’m new and it’s my first time with dynare and DSGE, and I am replicating the paper of the Bank of the Republic of Colombia “FISCO: Fiscal models for Colombia”.

When it is running it goes “warning:A parameter was used with a lead or a lag in the model block”

Annex the paper and the file.mod

FISCO

WORK.zip (21.5 KB)

I read that the parameters should be organized in order as they appear. I have already done it and I have reviewed several times and it still comes out:

WARNING: A parameter was used with a lead or a lag in the model block

Found 58 equation(s).

Evaluating expressions…done

Computing static model derivatives:

- order 1

Computing dynamic model derivatives: - order 1
- order 2

Processing outputs …

done

Preprocessing completed.

Residuals of the static equations:

Equation number 1 : NaN

Equation number 2 : NaN

Equation number 3 : NaN

Equation number 4 : NaN

Equation number 5 : NaN

Equation number 6 : NaN

Equation number 7 : NaN

Equation number 8 : NaN

Equation number 9 : NaN

Equation number 10 : NaN

Equation number 11 : NaN

Equation number 12 : NaN

Equation number 13 : NaN

Equation number 14 : NaN

Equation number 15 : NaN

Equation number 16 : NaN

Equation number 17 : NaN

Equation number 18 : NaN

Equation number 19 : NaN

Equation number 20 : NaN

Equation number 21 : 0

Equation number 22 : NaN

Equation number 23 : NaN

Equation number 24 : NaN

Equation number 25 : NaN

Equation number 26 : NaN

Equation number 27 : NaN

Equation number 28 : NaN

Equation number 29 : NaN

Equation number 30 : NaN

Equation number 31 : NaN

Equation number 32 : NaN

Equation number 33 : NaN

Equation number 34 : NaN

Equation number 35 : NaN

Equation number 36 : NaN

Equation number 37 : NaN

Equation number 38 : NaN

Equation number 39 : NaN

Equation number 40 : NaN

Equation number 41 : NaN

Equation number 42 : NaN

Equation number 43 : NaN

Equation number 44 : NaN

Equation number 45 : NaN

Equation number 46 : NaN

Equation number 47 : NaN

Equation number 48 : NaN

Equation number 49 : NaN

Equation number 50 : NaN

Equation number 51 : NaN

Equation number 52 : NaN

Equation number 53 : NaN

Equation number 54 : NaN

Equation number 55 : NaN

Equation number 56 : NaN

Equation number 57 : NaN

Equation number 58 : NaN

Error using print_info (line 90)

The steady state contains NaN or Inf

Error in steady (line 104)

print_info(info,options_.noprint, options_);

I appreciate someone’s advice or what I can do