The disclosed embodiments relate to a system that facilitates developing applications in a component-based software development environment. This system provides an execution environment comprising instances of application components and a registry that maps names to instances of application components. Within the registry, each entry is associated with a list of notification dependencies that specifies component instances to be notified when the registry entry changes. Upon receiving a command to display notification dependencies for the registry, the system generates and displays a dependency graph containing nodes representing component instances and arrows between the nodes representing notification dependencies between the component instances. Upon receiving a command to display a timeline for with the registry, the system generates and displays a timeline representing events associated with the registry in chronological order.