Hello Dr Pfeifer,

I reduced the equations and now I get this errors. Could you please check what it is it about ?

Best

resid: The initial values for the steady state of the following variables are complex:

Y

LF

LP

w1

w2

CE

CW

C

K

r

pi

I

Residuals of the static equations:

Equation number 1 : 0.29101

Equation number 2 : 0.21507

Equation number 3 : -0.09086

Equation number 4 : 2.1494

Equation number 5 : 13.4682

Equation number 6 : 0

Equation number 7 : 0.18266

Equation number 8 : 0

Equation number 9 : 0

Equation number 10 : 1.1041

Equation number 11 : 1.0954

Equation number 12 : -0.02209

Equation number 13 : 0

Equation number 14 : 0

Equation number 15 : 0

Equation number 16 : 0.2

Error using print_info (line 76)

The steadystate file did not compute the steady state

Error in steady (line 104)

print_info(info,options_.noprint, options_);

Error in model (line 218)

steady;

Error in dynare (line 235)

evalin(‘base’,fname) ;

model.mod (1.3 KB) model_steadystate.m (2.2 KB)