Tiago Mata » economix http://tmata.com History of Social Science, Journalism and Opinion Sat, 16 Jan 2010 15:14:29 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 NAIRU game http://tmata.com/2009/08/nairu-game/ http://tmata.com/2009/08/nairu-game/#comments Sat, 15 Aug 2009 09:19:08 +0000 Tiago http://tmata.com/?p=165 Recently, the Federal Reserve of the USA hired a lobbyist to advance its cause in Congress. The Federal Reserve Bank of San Francisco contributes to the campaign to regain public trust by way of a web gamegr. The game invites one to be a Fed Chairman and set the Federal Funds Rate against a shock (permanent, or temporary, contraction or expansion), the player needs to adjust the hydraulics to keep the time series close to the target inflation rate, i.e. keeping employment at the “natural” rate.

(via Economix)

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