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。
We must plan for future development with a global perspective and actively participate in international energy governance.
Nothing will work unless you do.
The ocean doesn’t belong to us—we belong to it, and we must act accordingly.
书写爱情就是以人类最脆弱也最强大的形式来书写人性。