There used to be a simulator called Chair the Fed [1] that shows the effects of various economic shock and the interest rate movements that's required to stabli

There used to be a simulator called Chair the Fed [1] that shows the effects of various economic shock and the interest rate movements that's required to stablize the inflation rate and maintain full employment. In a negative demand shock similar to what we just experienced, it requires quite a bit of high real interest rate (Interest rate - Inflation rate) to slowly get inflation back down. Sadly, they removed the game early in the pandemic and I can't get it to work on archive.org. [1]: https://www.sffed-education.org/chairthefed/WebGamePlay https://www.sffed-education.org/chairthefed/WebGamePlay