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Monetary Policy Simulation game

Introduction | Note to users of MoPoS | System requirements and installation | Getting started | To install MoPoS | Terms and conditions

Introduction

MoPoS is a computer game which simulates the problems faced by a central bank, such as the Reserve Bank of New Zealand (RBNZ). In MoPoS, the player controls the interest rate, just like the Governor of the RBNZ. Every quarter, you must raise, lower, or keep interest rates the same in an effort to keep inflation between zero and three per cent. Via four graphs, you are provided with information about current and past inflation, GDP, and interest rates to help with decision-making. But, MoPoS players be warned! The game is monitoring your performance - if annual inflation goes under zero per cent or above three per cent, the game's face shows displeasure. You may even be fired as Governor!

Note to users of MoPoS

Background knowledge of monetary policy is not absolutely necessary to play the game. However, MoPoS users, such as Economics students, will gain more if the game is combined with a teaching unit on monetary policy. The game has been developed as an interactive and fun learning tool, designed specifically to encourage understanding of monetary policy.

The game's model economy is not based on any particular country, ie it is not specific to New Zealand. The Reserve Bank does not use this model in its monetary policy decision-making or in its forecasting.

System requirements and installation

To play MoPoS, you need:

Note: A Macintosh version is not available.

Getting started

Please open readme.pdf for instructions on how to play. We recommend you read the instructions before playing MoPoS.

To install MoPoS

Please read the terms and conditions before downloading this software.

Click on the install MoPos.exe link below.

When prompted with a "File download" box, select Save to Disk and save the file somewhere on the C drive of your PC.

Once the file is saved, double click on the file, choose to extract all files, and specify the location you want the files to end up in. If you don't change anything the files will end up there.

To play the game, open NZ_MoPo1.xls file.

Terms and conditions

This software comes with no support and no guarantee whatsoever. Neither the Reserve Bank of New Zealand, nor the game's author shall be liable for any loss or damage caused, directly or indirectly, by using this software. Under no circumstances may the model be construed to contain investment advice. Moreover, the Reserve Bank of New Zealand does not use the model or its calibration as a tool in its monetary policy decisions.