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。
What I’ve achieved in tennis is great, but who I am as a person is more important.
The biggest challenge is to be yourself in a world that is trying to make you like everyone else.
If you are simple, the world will be simple to you.