It was really the government that made the switch from five-year mortgages to the long-term mortgages.

这实际上是政府主导的改革,从五年抵押贷款变成更长期限的抵押贷款

耶鲁公开课 - 金融市场课程节选

The board members have fourteen-year terms which is quite a long time.

小组成员有十四年的任期,确实是个很长的时间。

耶鲁公开课 - 金融市场课程节选

To my surprise, nobody had before created a hundred-year long home price index, which seems surprising to me because the long history of home prices seems like a relevant fact; we want to know what markets do.

让我惊讶的是,此前居然没有人建立百年房屋价格指数,这点让我很惊讶,因为长期的历史房屋价格,看起来似乎是有关联的,我们很想知道市场的动向

耶鲁公开课 - 金融市场课程节选