Della Posta, Pompeo; Tamborini, Roberto - 2021
The lesson of the sovereign debt crises of the 2010s, and of the outbreak of the COVID-19 pandemic is that EMU … thought in two points. First, we highlight that when exposed to large, systemic shocks the EMU faces a trilemma: its integrity … of a fiscal target zone model, where EMU member governments are willing to abide with the commitment to debt stability …