Posted on 07/27/2010 4:54:40 AM PDT by tjbandrowsky
I've put up a free economic simulation engine online that lets you analyze and compare the effects of various economic changes against a baseline. The idea is to attempt to illustrate how macro economic changes actually effect people.
Raise and lower taxes, fuel prices, introduce real estate and food pricing bubbles, sin taxes, carbon taxes, and more, and see how the effects of these all play out against various demographics of low, medium and high income. You can see how much less or more cash at the end of five years each demographic has to spend, how many more payments, or less, each might miss, or even how many times someone had to make do without a product to replace one that has aged.
Please note that application is a beta, and the models are not calibrated well yet, and it only really works with the latest Google Chrome or FireFox. It definitely does NOT work with Internet Explorer.
Your feedback is greatly appreciated. I hope to make this gradually into a policy and political tool so that people in different demographics can understand how various policy proposals will touch them.
SimCity advanced?
Tried it out. Can’t really assess the reasonableness of the results, but they seem to trend as one would expect. The presentation of the results is not as clear and intuitive as they could be.
Good start!!
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