No idea what a good score is, got 431160 on my first go. My only rule was attempting to keep inflation at 1%, if it went over I raised, if it went under I lowered.
Show HN: A central bank simulator game with a realistic economic model
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Re: Show HN: A central bank simulator game with a realistic economic model
#32What is a good score tho, to get some idea of if you did OK or not? A few people mentioned 400-450k, is that average?
Where's the dam leader board ;)
Re: Show HN: A central bank simulator game with a realistic economic model
#33Kind of tangential but what we came of Yanis Varoufakis’s study of game world economics?
There was a lot of excitement about it being real and not just a model and real and not being statistical.
Re: Show HN: A central bank simulator game with a realistic economic model
#34I have no idea if this was a bug or a failure model but it seemed I was doing decent until everything started failing all at once. Orchards running out of business etc. LE: I tried another round. Put the interest rate at -0.5 and just left it there. > I fought inflation in SimCB and my economy produced 442486 :apples:
Interesting. I settled on the same strat after a few ticks of seeing what was possible, and got 442524.
I haven't looked at the code, but I guess it's fairly consistent then.
Re: Show HN: A central bank simulator game with a realistic economic model
#35This game needs a "gold standard" mode to see what happens to the toy economy with no central bank! EDIT: It would also be nice if the game paused around major events to give you more time to think & adjust. I found that the economy went off the rails if you don't react right away.
That would result in an economy with huge deflation: People consuming the bare minimum of apples needed for survival because their gold savings would appreciate each year in value.
People are still gonna want the new iphone and latest suv. Having a hard money as the reserve currency doesn’t undermine the economy, quite the opposite.
Re: Show HN: A central bank simulator game with a realistic economic model
#36Very nice. This reminds me of the game Chair the Fed , published by the Federal Reserve Bank of San Francisco: https://www.frbsf.org/education/teacher-resources/chair-fede... Unfortunately, they took it down about a year ago.
That was an insightful game. There was a negative demand shock scenario and to play it properly, it requires first dropping interest rate to 0%, then followed by high interest rate to bring inflation back down over time, which is exactly what's happening in the real world.
It's likely that's the reason why they took the game down.
Re: Show HN: A central bank simulator game with a realistic economic model
#37*** GAME END *** Your economy produced: 439918 apples. Deflation is easily combated by raising interest above the next expected deflation level so that saving money becomes more lucrative than spending it. Inflation is combated by lowering interest as soon as it rises above the interest level. I never went below 0.50% interest, never above 5.50%. This is easy, maybe I should apply for the job of central banker.
I'm not sure, however, it seems that the game does not have the element of borrowing / lending of money. I think the optimal strategy will be quite different than yours, when the economy has the loan component.
Re: Show HN: A central bank simulator game with a realistic economic model
#38Very cool! I work in a banking adjacent industry, and this is mildly entertaining. Do you have any plans to create an accounting firm simulator for more entertaining games?
That made me chuckle. You might like: https://keshikomisimulator.com/ from Patrick McKenzie.
I have a collection of accounting video games that I'm accruing. Thank you for the suggestion lol!
Re: Show HN: A central bank simulator game with a realistic economic model
#39*** GAME END *** Your economy produced: 439918 apples. Deflation is easily combated by raising interest above the next expected deflation level so that saving money becomes more lucrative than spending it. Inflation is combated by lowering interest as soon as it rises above the interest level. I never went below 0.50% interest, never above 5.50%. This is easy, maybe I should apply for the job of central banker.
Well I hope that you are going to apply, because in Europe, the ECB didn't understand it at all (hi from a European country with 20%+ inflation)
Re: Show HN: A central bank simulator game with a realistic economic model
#40I tried to keep inflation between 1.5-2% for the first 50 months and then decided to find out what happens if I YOLO permanently fix the interest rate to -0.5%.
After the 240 months I somehow ended with GDP 442999 and 1.53% inflation.
How come? Shouldn't I have a runaway inflation?