Monetary policy rules should be designed to avoid the pitfalls of discretionary policy, which often leads to time inconsistency.
货币政策规则的设计应避免自由裁量政策的陷阱，后者往往导致时间不一致性。
物资用完了才知道不足，是因为不懂得计量；事情做完了才知道有余，是因为不懂得调节。
The world is full of people who have never, since childhood, met an open doorway with an open mind.
我不相信幸福的结局。我相信真实的结局。
历史是一个庞大的预警系统。
When you're the central bank, you have to think about the unthinkable.
美人送我一把金错刀，我拿什么来报答她呢？就用琼英美玉报答吧。道路太远我徘徊不安。为何不能断绝思念呢，总是让自己心意烦乱？
To be fond of dancing was a certain step towards falling in love.