Starting Dynare (version 4.5.7). Starting preprocessing of the model file ... Found 9 equation(s). Evaluating expressions...done Computing static model derivatives: - order 1 Computing dynamic model derivatives: - order 1 - order 2 Processing outputs ... done Preprocessing completed. Residuals of the static equations: Equation number 1 : NaN Equation number 2 : NaN Equation number 3 : NaN Equation number 4 : NaN Equation number 5 : NaN Equation number 6 : NaN Equation number 7 : NaN Equation number 8 : NaN Equation number 9 : NaN {Error using print_info (line 90) The steady state contains NaN or Inf Error in steady (line 104) print_info(info,options_.noprint, options_); Error in learning2 (line 152) steady; Error in dynare (line 235) evalin('base',fname) ; }