A key difference from the past: The overall expansionary policy mix at the end of an expansion period nowadays

We look at the United States and the euro zone : at the end of an expansion period in the past, both fiscal and monetary policies became restrictive, which triggered recessions. Nowadays, also at the end of an expansion period, fiscal and monetary policies are expansionary (with the exception of Germany's fiscal policy). This is a significant factor in markedly reducing the probability of a recession.