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The time inconsistency problem in monetary policy arises when policymakers have an incentive to deviate from their announced policy once economic agents have acted on it.
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根据宣布的政策采取行动后,就有动机偏离该政策。
The pain is temporary, but the glory is forever.
今天很残酷,明天更残酷,后天很美好,但绝大部分人是死在明天晚上,看不到后天的太阳。
I think it is possible for ordinary people to choose to be extraordinary.