Starting Dynare (version 5.1). Calling Dynare with arguments: none Starting preprocessing of the model file ... Found 7 equation(s). Evaluating expressions...done Computing static model derivatives (order 1). Computing dynamic model derivatives (order 1). Processing outputs ... done Preprocessing completed. SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached SOLVE: maxit has been reached Simulation of the perfect foresight model failed!Switching to a homotopy method... Homotopy not implemented for purely forward models! Failed to solve the model! Return with empty oo_.endo_simul. Total computing time : 0h00m06s