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。
与他人比较是让我们对自己的生活感觉更糟的可靠方法。
"The most exciting aspect of science is the discovery of something new, something that no one has ever seen before."