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。
在我的一生里,也有贫乏和沉默的地域。它们是我忙碌的日子得到日光与空气的几片空旷之地。
The first rule of quality is that it must be defined.