Wisdom of the Crowd from World Bank

Via PSD Blog I learned;

Their dream might have just come true thanks to two highly innovative World Bank colleagues who recently launched iSimulate @ World Bank, a very "web 2.0" platform that allows users to organize collaborative economic forecasts (the platform is still in beta version, but interested users can pre-register to get an account).

iSimulate is a free platform for performing economic simulations. It allows individuals anywhere in the world to access some of The World Bank's macroeconomic models across the internet.

Some of the advantages of using iSimulate:
* Policy makers, students and others in developing countries are able to simulate domestic policies, analyze the impact of international developments and do cross-country analyses from remote locations.
* It is possible to organize collaborative forecasts and analyses of the world economy with teams of individuals spread across the globe.
* Provides a user-friendly and standardized interface to often complicated macroeconomic models.