There are 7 eigenvalue(s) larger than 1 in modulus for 8 forward-looking variable(s)

There are 7 eigenvalue(s) larger than 1 in modulus for 8 forward-looking variable(s)Copy5modelcodeend3.mod (5.4 KB)

Either there is still a timing error somewhere or it’s a problem with the Taylor principle in your model. If you crank up

phipi = 100.35 ;

it will run.