Today, through the lens of a subject that came into being several centuries later, we see it in a different way. If we look through this lens, one fact stands out. Dante seems not to have noticed the impressive acceleration that society was experiencing at that time.
Fiscal policy played a major countercyclical role in the most acute phase of the international downturn (though how much latitude it would have to do that again, if needed, is less clear). And as you would expect, I think that the monetary policy framework has functioned very well.