think youre smarter than janet yellen play chair the fed
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

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

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice 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."

 

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 12:42 2013 Tuesday ,30 July

Vera Wang launches Be Jeweled fragrance

GMT 04:02 2013 Thursday ,22 August

Algerian choreographer Nacera Belaza on stage in US

GMT 10:24 2016 Saturday ,27 August

Fiat chief rejects complaints over US sales data

GMT 13:56 2016 Saturday ,13 February

Ireland bid to extend purple patch against France

GMT 20:55 2015 Sunday ,16 August

Phonics helps wire brain for reading

GMT 07:34 2017 Saturday ,26 August

IOF prevent mayor from visiting schools

GMT 17:43 2016 Sunday ,10 April

2 statues unearthed in Aswan

GMT 10:36 2012 Friday ,24 August

Poetry is neither male or female

GMT 12:05 2013 Saturday ,09 February

Arms recovered by national army in Khenchela

GMT 00:14 2011 Thursday ,17 November

Will Smith opens the doors to his Malibu mansion

GMT 06:44 2012 Thursday ,08 March

Banning MPs from wearing miniskirts
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice 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 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice