OECD: Economic policies are not at all countercyclical anymore: What is their new objective?

Traditionally, economic policies (fiscal and monetary) were countercyclical and would therefore become restrictive late in expansion periods. The objective of economic policies was then: For monetary policy, to combat inflation; For fiscal policy, to restore the leeway to act in the future and to avoid crowding-out effects that would reduce private sector spending. Today, economic policies remain stimulatory late in the expansion period, which, with regard to their objectives, suggests that: The idea is no longer to be able to react in the event of a recession. This is regrettable, unless one thinks that this strategy prevents recessions; For monetary policy, the idea is no longer to combat inflation, since full employment no longer brings back inflation; One new idea is that it is possible to prolong the expansion and increase potential growth by stimulating demand, even when the unemployment rate is low.