Optimal fiscal policy should be designed to mitigate the distortions caused by time inconsistency and political business cycles.
最优财政政策的设计应旨在减轻时间不一致性和政治经济周期引起的扭曲。
表演最有价值的部分是合作。它是与其他有才华的人一起工作,创造出比我们自己更伟大的东西。
The best way to predict the future is to create it.
Economics is at its best when it helps us solve real-world problems in a rigorous and transparent way.