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。
There is no such thing as a happy ending.
成长从来不是偶然的,而是各种力量共同作用的结果。
I always try to be a better player and a better person every day.