Kydland及Prescott(1977)指出政策制定者采用预先承诺原则的最优政策是时间不一致的(time inconsistent),即当期最优的政策未必在未来各期是最优的。在此基础上Oudiz和Sachs*此文为第二届统计学年会入选论文。
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Let me simply tell you that in time I am going to show you that this formula is inconsistent with the Bohr model.
让我说简单点吧,之后我会向你演示,这个方程式与波尔模型不一致。
In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.
一般来说,波动小的股票在长期内比波动大的股票,表现要好,一定程度上,这和金融市场有效论的观点是相悖的。
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