A Simulation of Counter-Cyclical Intervention: Some Practical Lessons

Publication: Journal of Economic Education

Volume: 38, No. 4

Issue: Fall 2007

Pages: 371-392

Author(s): Nathan D. Grawe

Address:

Nathan D. Grawe

Assistant Professor

Department of Economics

Carleton College

One North College Street

Northfield MN 55009

Phone: 507-646-5239

E-mail: ngrawe@carleton.edu

Title: A Simulation of Counter-Cyclical Intervention: Some Practical Lessons

Abstract: The author introduces a simulation of counter-cyclical interventions that highlights important issues surrounding the practice of government intervention.  The simulation provides experiential insight as to why economists debate the degree of persistence exhibited by disequilibrating shocks and the policy relevance of this debate.

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