Economics · Macroeconomics

Inflation Targeting in Practice — Modern Central Bank

Run the Monetary Policy Committee of the Banco Central de Costaria. Set the policy rate under noisy data, learn the Taylor rule by playing it, and choose the regime and communication strategy when the words are the policy.

12 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 12 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Policy Rate (%)
  • Smoothing Parameter (ρ)
  • Inflation Measure In Rule
  • Communication Regime

Subjects covered

Designed for courses in Macroeconomics.

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