Monte Carlo Simulation of an Economy

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Do Monte Carlo simulation of an economy with business cycles 

This model performs Monte Carlo trials on a macroeconomic model of a national economy and reports statistical moments of key variables.

The macroeconomic model and the Monte Carlo simulation are contained in the spreadsheet. Nothing else is needed.

This model helps you model:

  • Monte Carlo trials
  • Production: labor, capital, output
  • Income, consumption, savings
  • Prices and money supply
  • Cycles: inventory and& unemployment
  • Random shocks to demand & output

You can change the behavior of the economy by changing the values of over 30 numerical parameters in the model.

This model demonstrates how to solve a dynamic system containing random effects. Its methods apply to similar models outside of macroeconomics.

Try our customizing process now for free. It's easy - and fast. If you like what you see, buy your model, download it and start using it right away to explore economies with business cycles.

 
StandardProPower Pro
  • Monte Carlo trials
  • Production
  • Income and demand
  • Interest, prices and money
All features in Standard version plus:
  • Money supply, variable prices
  • More time periods
All features in Pro version plus:
  • Inventory adjustment model
  • More time periods
7 day free trial or $147 day free trial or $19$24
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Works with Microsoft® Excel® 2003 - 2010

Customize spreadsheets by filling in a simple form

Step 11. Choose
The model you want
Step 22. Customize
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Step 33. Download
And it's ready to use

Each spreadsheet offers:

  • Carefully organized layout
  • Comments on every variable table
  • Collapsible groups hide details until wanted
  • Easy-to-read symbolic formulas show what the model does
  • Easily change input data, start date, label text...
Meet your exact needs better than any static template.
 
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Related spreadsheet models

Macroeconomic Model
 

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