American fiscal policy has been procyclical: Washington wasted the expansion period 2001-2007 by running budget deficits, but by 2011 had come to feel constrained by inherited debt to withdraw fiscal stimulus. Chile has achieved countercyclical fiscal policy – saving in booms and easing in...

U.S. monetary policy during the 1990s / N. Gregory Mankiw -- Fiscal policy and Social Security policy during the 1990s / Douglas W. Elmendorf, Jeffrey B. Liebman, David W. Wilcox -- Tax policy from 1990 to 2001 / Eugene Steuerle -- Between meltdown and moral hazard : the international monetary...