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。
Sometimes the simplest melodies carry the deepest emotions.
"Books are the windows to other cultures."
The capital market should perform its function of resource allocation well.
今天我们必须负责任地开采煤炭，这样我们的孩子才能继承能源安全和健康的环境。
I don't have a plan. I never have. I just do what feels right at the time.
