It is good to speed up the post-recession economic recovery

Past experience shows that growth periods are not long enough for economies to have the time to truly return to full employment. The next recession (an economic, financial or public health crisis) comes around too soon after the previous one for a complete return to full employment to have take n place. The implication for economic policies is that they must try to speed up the post-recession recovery. This requires highly stimulatory fiscal and monetary policies during recessions and the subsequent recovery. While it is dangerous to keep policy expansionary for the entire economic cycle, it is helpful to keep it highly expansionary at the start of the expansion period in the aftermath of a recession.