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€CONOMIA - The Monetary Policy Game
Have you ever wondered what exactly monetary policy is? Or how the key interest rate affects inflation? €CONOMIA will help you understand these basics of central banking. Your goal is to keep inflation low, at just under 2%, and stable. The interest rate decisions you take can achieve that - but they can also cause inflation to slow down or to rise sharply. Achieving a balance between the two extremes is not easy.
€CONOMIA is a game that explains, in a simplified way, how monetary policy works. The game does not necessarily reflect the views of the European Central Bank or any other central bank in the euro area.
Inflation Island – How inflation affects the economy
Explore the different areas of Inflation Island, see how people react to inflation and deflation, and how the scenery changes. You can also test your knowledge and try to identify the different inflation scenarios.
The Island’s cinema features videos and photos showing how inflation and deflation have affected various countries over the years.