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The time inconsistency problem in monetary policy arises when policymakers have an incentive to deviate from their announced policy once economic agents have acted on it.
货币政策中的时间不一致性问题出现在政策制定者一旦经济主体根据宣布的政策采取行动后,就有动机偏离该政策。
To photograph is to appropriate the thing photographed.
你的心知道方向,跟随它。
我们编造恐怖故事来帮自己应对真实的恐怖。
Leadership means making tough decisions today that will benefit everyone tomorrow.