Monetary Policy Transmission Lag Simulator

Set a central bank's policy rate and watch it travel through a four-stage transmission pipeline — bank rates, borrowing decisions, real economic activity, and finally inflation and employment — each stage passing the change to the next only after its own realistic delay. Switch between manual control, an aggressive reactive policy that chases current inflation readings, and a smoother forward-looking policy that reacts to a forecast, to see why the same lag that makes central banking hard can make reactive policy oscillate while forecast-based policy converges.