Federal Reserve Simulator

They should of made me chair instead of Greenspan.

Monetary Policy Has Never Been This Addictive Sat down as Bernanke in Q1 2006 thinking "I know what's coming, I'll just cut early and avoid the whole crisis." Three hours later I'm at 2am staring at credit stress indicators and agonizing over whether to deploy QE at $300B or $500B per quarter while Lehman Brothers burns. This game teaches you more about how the Fed actually works than any textbook or economics degree. You feel the 4-quarter lag as your rate cuts from last year finally kick in too late. You feel the credibility trap when you miss a forecast and lose 10% credibility in one quarter. You feel the panic when you hit the zero lower bound and realize you literally have no more conventional tools left. The historical accuracy is impressive. Every crisis event lands roughly when it should — Bear Stearns hedge funds, BNP Paribas credit freeze, Bear Stearns collapse, Lehman, TARP. The starting macro conditions are spot-on. The game even models the discount window stigma problem and sweep accounts undermining reserve requirements. The real genius is the credibility system. It forces you to think about communication the way real central bankers do — forecasts, speeches, and consistency matter as much as the rate decisions themselves. Miss a forecast and you pay for it. Give a well-timed speech and markets calm down. For $3 this is absurdly good value. Whether you're a finance professional, an econ student, or just someone who wants to understand why the Fed chair's press conferences move markets, play this game. Now if you'll excuse me, I need to go manage the 2010s recovery without triggering a taper tantrum.

I feel like it does a pretty good job of simulating the lagged effect of the federal reserve's changes. The introduction to older policy levers was good as well. The game does a great job explaining what these opaque mechanisms can do and what effects they have.

I'm a political economist by training, and this game is a wonderful way to learn how the Federal Reserve works and get a deep and accurate understanding of American economic history. I cannot recommend this game enough.

非常好玩的小游戏，沃尔克拿A似乎是最容易的。 BUT We need Chinese！！

Such a fun and novel idea for a game. Great proof of concept and solid foundations, but currently lacking in scope/ depth. Two areas where I think improvements could be made are 1., the difficulty, and 2., an interference system. 1. The game is far too easy. Anyone with even a basic understanding of fiscal and monetary policy will learn the optimal path. Historical understanding helps too, but that is less modifiable obv. 2. There are dozens of factors influencing Fed decisions. Right now only inflation, unemployment, GDP growth and, at later dates, presidential interest influence decision-making. I think that this could be made more nuanced with a public confidence meter, corporate demands meter, and after 2020, a prediction market meter. I love the work you've done so far and am excited to see how the game expands from here. Keep up the fantastic work.

instantly took inflation to 20%