diff --git a/src/dynare_gui.m b/src/dynare_gui.m
index 632468f217ca80f8e53cf19a7f9b6a8a745969ea..d859b77510207d29a099bfd815ec9b2bd83f66ae 100644
--- a/src/dynare_gui.m
+++ b/src/dynare_gui.m
@@ -97,7 +97,7 @@ end
 function project_new_Callback(hObject, ~, ~)
 
 global M_ oo_ options_
-global project_info model_settings
+global project_info
 
 % Reset GUI data
 if ~isempty(project_info)
@@ -111,10 +111,6 @@ if ~isempty(project_info)
         catch
         end
     end
-else
-    if ~isempty(model_settings)
-        evalin('global', 'clear model_settings')
-    end
 end
 
 gui_set_project_info()