Recursive Legibility — Why Economic Transparency Requires Shared Cognitive Architecture
递归可读性:经济透明为何需要共享的认知架构
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Transparency initiatives fail not from lack of data, but from mismatched mental models about causality, time horizons, and acceptable uncertainty ranges.
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Central bank forward guidance loses traction when households interpret 'medium-term' as six months while markets treat it as five years.
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