Starting Dynare (version 4.4.3).
Starting preprocessing of the model file ...
Substitution of endo leads >= 2: added 5 auxiliary variables and equations.
Substitution of endo lags >= 2: added 5 auxiliary variables and equations.
Found 12 equation(s).
Evaluating expressions...done
Computing static model derivatives:
 - order 1
Computing dynamic model derivatives:
 - order 1
Processing outputs ...done
Preprocessing completed.
Starting MATLAB/Octave computing.

STEADY-STATE RESULTS:

C                		 1.96757
K                		 20.9896

EIGENVALUES:
         Modulus             Real        Imaginary

      1.067e-016       1.067e-016                0
          0.3779          -0.3779                0
          0.3886          -0.1425           0.3615
          0.3886          -0.1425          -0.3615
          0.4292           0.3263           0.2789
          0.4292           0.3263          -0.2789
          0.9587           0.9587                0
           1.054            1.054                0
           2.353            1.789            1.529
           2.353            1.789           -1.529
           2.599          -0.9534            2.418
           2.599          -0.9534           -2.418
           2.673           -2.673                0
             Inf             -Inf                0


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

The rank condition is verified.

-----------------------------------------------------
MODEL SIMULATION:


Simulation concluded successfully after 8 iterations.
Total time of simulation        :      0.180
Convergency obtained.
-----------------------------------------------------

Total computing time : 0h00m03s