PAXsims

Conflict simulation, peacebuilding, and development

Playing at the Eurozone crisis

How could we have missed this? Last month the European Central Bank has recently launched an iPhone and iPad version of its monetary policy game €conomia.

The actual game is flashy (with catchy music too), but at its core very simple indeed: you simply adjust interest rates to keep inflation under control. That’s it. You needn’t worry about the deficits of Eurozone member states, global economic recession, debt servicing, or a contagious lack of confidence among European bondholders—apparently, that’s all fine. You certainly don’t need to worry about massive bail-outs, European crisis meetings, the IMF, or Greek and Italian domestic politics. Every year, your expert group of European Central Bank officials (pictured below) stand ready to offer you advice.

From the look of them, that may explain something about the current Eurozone crisis…

2 responses to “Playing at the Eurozone crisis

  1. Skip Cole 22/11/2011 at 4:43 am

    Thanks Rex!

    The image is priceless. I started playing the game just to figure out which countries the different people may represent. I still haven’t figured it, but I’ve seen enough to see that this game has a lot of value.

  2. barroso 04/12/2011 at 10:59 am

    manipulation of interest rate has actually limited effect, as the game result showed!! Interesting, indeed! School kids surely would have better hands than ….

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