{"id":4099,"date":"2022-08-22T12:44:42","date_gmt":"2022-08-22T10:44:42","guid":{"rendered":"https:\/\/blog.cerge-ei.cz\/?p=4099"},"modified":"2022-08-22T12:46:42","modified_gmt":"2022-08-22T10:46:42","slug":"jaroslav-borovicka-think-about-the-long-term-outlook","status":"publish","type":"post","link":"https:\/\/blog.cerge-ei.cz\/?p=4099","title":{"rendered":"Jaroslav Borovi\u010dka: Think About the Long-Term Outlook"},"content":{"rendered":"<p>How are monetary and fiscal policy, the main macroeconomic tools used to steer our economies, able to address the unprecedented challenges presented by the events of recent years, such as\u00a0COVID-19, war on Ukraine, or increase in energy prices? How do these policies of governments and central banks interact? What does it mean for us now and in the future? In <em><a href=\"https:\/\/open.spotify.com\/episode\/6oreULcQOlbA3J83Pngl1r?si=zYqVbN4VTAylSzHfljuxaA&amp;nd=1\">Talking Economics<\/a>,<\/em>\u00a0Katar\u00edna Stehl\u00edkov\u00e1 and <strong>Jaroslav Borovi\u010dka<\/strong>, a CERGE-EI MA alumnus, give us a macroeconomic look at the current economy.<!--more--><\/p>\n<p><em>\u201cOne good thing to remember about both monetary and fiscal policy is that both are long-term games. When the central bank applies a policy, it builds reputation. Reputation is important for a stable environment and credible policies. The same thing is true about fiscal policy. Stable environment on the fiscal side is equally important for investments decisions, for example, in regards to the energy crisis. So, don\u2019t get lost in the day-to-day changes and think about the long-term outlook,\u201d\u00a0<\/em>says Jaroslav.<\/p>\n<p><a href=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/08\/Jarda-Borovicka.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4100\" src=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/08\/Jarda-Borovicka-300x225.png\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/08\/Jarda-Borovicka-300x225.png 300w, https:\/\/blog.cerge-ei.cz\/wp-content\/uploads\/2022\/08\/Jarda-Borovicka.png 504w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Jaroslav Borovi\u010dka is a CERGE-EI MA in Economics alumnus. He holds a PhD degree from the University of Chicago and works as an Associate Professor at the Department of Economics, New York University in the United States.<\/p>\n<p>You can listen to\u00a0<em>Talking Economics<\/em>\u00a0on\u00a0<a href=\"https:\/\/open.spotify.com\/episode\/6oreULcQOlbA3J83Pngl1r?si=zYqVbN4VTAylSzHfljuxaA&amp;nd=1\">Spotify<\/a>,\u00a0<a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9hbmNob3IuZm0vcy81NGY1YzFlNC9wb2RjYXN0L3Jzcw\/episode\/ODk0ZDAxODUtZGQxYy00ZDczLWE5ZWQtZGQ5ZWU0Y2JhOWMy?sa=X&amp;ved=0CAUQkfYCahcKEwj406unr9L5AhUAAAAAHQAAAAAQAQ\">Google Podcasts<\/a>,\u00a0<a href=\"https:\/\/podcasts.apple.com\/cz\/podcast\/jaroslav-borovi%C4%8Dka-think-about-the-long-term-outlook\/id1573541847?i=1000576573180\">Apple Podcasts<\/a>,\u00a0and\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=AKYjI0LrKV8\">YouTube<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How are monetary and fiscal policy, the main macroeconomic tools used to steer our economies, able to address the unprecedented challenges presented by the events of recent years, such as\u00a0COVID-19, war on Ukraine, or increase in energy prices? How do these policies of governments and central banks interact? What does it mean for us now &hellip; <a href=\"https:\/\/blog.cerge-ei.cz\/?p=4099\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Jaroslav Borovi\u010dka: Think About the Long-Term Outlook<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":4082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149,226],"tags":[],"class_list":["post-4099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni","category-talking-economics-podcast"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4099"}],"version-history":[{"count":4,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4099\/revisions"}],"predecessor-version":[{"id":4105,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/posts\/4099\/revisions\/4105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=\/wp\/v2\/media\/4082"}],"wp:attachment":[{"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.cerge-ei.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}