Álvarez Peralta, Nacho; Feigl, Georg; Koratzanis, Nasos; … - 2019
economic objectives in guiding the conduct of fiscal policies; and last but not least, the fact that, under the EMU …, most notably, the limitations they impose on national fiscal policies, steering them towards too restrictive or pro …-cyclical stances; the absence of an unconditional lender of last resort for governments and the consequent doubts over the 'safe asset …