think youre smarter than janet yellen play chair the fed
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Think you're smarter than Janet Yellen Play 'Chair the Fed'

Arab Today, arab today

Arab Today, arab today Think you're smarter than Janet Yellen Play 'Chair the Fed'

The game, "Chair the Fed" puts your hand on the interest rate lever
Washington - AFP

Fed up with the endless talk about interest rates and inflation? Think economic growth could be faster? Think you can do monetary policy better than Federal Reserve head Janet Yellen

Then try "Chair the Fed," a new online game that challenges your ability to manage an economy.

The game puts your hand on the interest rate lever and tests how effective you would be managing unemployment and inflation -- and whether, as former Fed chair William McChesney Martin once said of the Fed's central duty as a spoiler, you are ready to remove the punch bowl just as the party gets going.

The game was put online as a tool for economics and other students by the Fed's San Francisco branch, available at www.frbsf.org/education/teacher-resources/chair-federal-reserve-economy-simulation-game.

"Our hope is that the 'Chair the Fed' game will inspire students of all ages to take an interest in monetary policy and its role in the US economy," said Jody Hoff, director of education and outreach at the San Francisco Fed.

For hard-core gamers, the technology is ancient, but it gives a good idea of some of the challenges with the Fed's mission. 

As the newly appointed Fed chair, the player has to figure out if the momentum in inflation at, say, 2.3 percent, requires a pre-emptive rate increase, or how far to cut rates as joblessness edges above five percent.

As a rate decision is posed each quarter, you meanwhile are buffeted by alternating comforting and unnerving headlines: "Tight job market suggests more inflation ahead," "Economy in contractionary spiral" or "Uncontrolled economic boom signals problems."  

The game gives you a Fed Chair's normal four-year term to keep both joblessness and inflation stable, as is the Fed's mandate. 

When you fail -- unemployment rockets to nine percent or deflation sets in -- it delivers the humbling message: "Sorry. Because of disappointing economic results, you have not been reappointed."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

think youre smarter than janet yellen play chair the fed think youre smarter than janet yellen play chair the fed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

think youre smarter than janet yellen play chair the fed think youre smarter than janet yellen play chair the fed

 



GMT 09:27 2017 Tuesday ,10 October

Macron takes EU reform push to Germany book fair

GMT 12:50 2017 Sunday ,03 December

Shiffrin bags first downhill win

GMT 10:33 2016 Friday ,08 April

Carter v Nonu as Racing eye Toulon's scalp

GMT 10:57 2017 Wednesday ,09 August

Iran's Rouhani names female VPs

GMT 11:21 2017 Monday ,20 February

Tunisian court tries suspects over violence charges

GMT 20:52 2017 Thursday ,30 November

Honeywell to maintain A380, B777 components for Emirates

GMT 02:36 2017 Thursday ,23 November

Casablanca’s president hails achievement

GMT 19:18 2017 Wednesday ,18 October

Investment sector attend Saudi Investment Initiative

GMT 07:08 2016 Tuesday ,28 June

Hodgson pays price for sorry England
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday