The time inconsistency problem in monetary policy arises when policymakers have an incentive to deviate from their announced policy once economic agents have formed expectations.
货币政策中的时间不一致性问题出现在政策制定者一旦经济主体形成预期后,就有动机偏离他们宣布的政策。
I want my music to make people feel something.
Sometimes the most powerful moments are the ones left unsaid.