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。
"It is our choices that show what we truly are, far more than our abilities."
《在陆军军官学校开学典礼的演说》(1924年6月16日)
正义并不总是以我们期望的方式得到伸张,但它总是以某种形式得到伸张。
Adaptability is the key to survival in a rapidly changing industry.