Rental market, small closed economy

Hi there,

I am trying to get some impulse response for this model on a small open economy with housing and rental markets but some of the residuals are non-zero and I do not know what could be wrong. Many thanks!

Error using print_info (line 83)
Impossible to find the steady state. Either the model doesn’t have a steady state, there are an infinity of
steady states, or the guess values are too far from the solution

Error in stoch_simul (line 100)
print_info(info, options_.noprint, options_);

Error in macroproject (line 373)
info = stoch_simul(var_list_);

Error in dynare (line 235)
evalin(‘base’,fname) ;

Why if your model is supposed to be linearized do you have exp there, which is a nonlinear transformation?