Code

Interactive models

Explore historical Federal Reserve yield curves, compare dates, and experiment with bond pricing.

Follow random wealth exchange, inequality, the Lorenz curve, and the Gini coefficient in real time.

Watch arithmetic and geometric returns separate as investor wealth compounds through time.

Generate correlated asset returns and compare realized portfolio risk with theory.

Observe an aggregate ranking reverse as applicants arrive from different risk groups.

Follow a fair stochastic process as bankruptcy accumulates at an absorbing boundary.

Compare chosen exposure with growth-optimal exposure, median wealth, and ruin.

See how a large population of unskilled stock pickers produces a luck-driven superstar.

Compare canonical New Keynesian models, adjust structural parameters, and trace model-specific impulse responses back to their equations.