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。
When you’re in a tough spot, remember why you started.
"I'm interested in the human condition and what makes people tick. That's what drives me as an actor."
Psychology must be a science of life, not just of the laboratory.