Econ Policy 101

You are the president of a modern economy who exercises control over fiscal, monetary and structural policy in your country. As situations arise, you can choose among the solutions proposed to the economy´s problems in each round of the game, and see the results on GDP, debt, risk and popularity, and whether or not you remain in office (elections are held every 3-4 years). After each choice, you will see graphs showing the effects of your accumulated decisions, with the impact of the latest solution in green. Definitions: expansive fiscal policy refers to reduced taxes and/or higher government spending, restrictive fiscal policy refers to higher taxes and/or lower government spending; restrictive monetary policy involves higher interest rates, and expansive monetary policy, lower interest rates. Structural reform means changing the laws and rules that affect doing business in the economy.