| 单词 | commitment |
| 释义 | commitment A promise by governments or central bankers about future policies. Commitment, sometimes pre-commitment, promises that monetary or fiscal policies will not be changed, or that if policy changes are needed they will take specified forms. This is hard to make fully credible, because governments cannot bind themselves by contract to keep promises, and may not want to exclude the possibility of reneging on them if circumstances change drastically. See also: credibility |
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