Economics · Macroeconomics

The Central Bank Junior — Setting the Rate When You Are Sixteen

Sit on the Monetary Policy Committee of the Banco Central de Costaria for two years. Make four sequential rate decisions across boom, lag, supply shock and the return to neutral, while learning that monetary policy is calibrated boldness, professional restraint, and credibility above all.

4 rounds MBA & Masters English, Español
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Preview

Who it is for

An intermediate simulation for participants who already know the core concepts of the subject, designed for master's and MBA programmes.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 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:

  • Rate change (basis points)
  • Forward guidance / statement tone

What participants track

What participants follow on screen as the rounds go by:

  • Set the Rate. Set the Tone.
  • Rate, Inflation and Credibility
  • Quarterly Meeting Record

Subjects covered

Designed for courses in Macroeconomics.

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