We review the design and communication of monetary policy strategies that take into account risks and uncertainty. A key element in a robust monetary strategy is the concept of risk management, which is the weighing of key risks when setting policy. When risks to the outlook are balanced, the...

Background: A societal shift in attitudes is going to be required to reduce greenhouse gas emissions in the field of transportation, which is crucial to the level of mitigation that can be achieved. There is increasing pressure on policymakers to address climate change and, in turn, to promote...

This study assesses euro area banks' profitability using granular stress test data from three EU-wide exercises, coordinated by the European Banking Authority, that took place in 2016, 2018, and 2021. We propose a credit portfolio-level risk-adjusted return on assets for the euro area as a whole...

Coastal zones are among the environments most threatened by climate change. Although various efforts for global mapping and classification of coastal social and ecological systems have been undertaken, the ability to analyse and describe the spatial heterogeneity and multidimensionality of these...

The current inflationary period has placed the spotlight on hunger and food insecurity, as the current Philippine Development Plan has strongly emphasized the attainment of food affordability for all Filipinos. This study offers a scenario analysis using computable general equilibrium modeling...

It has become widely acknowledged that the looming climate crisis and the necessary transition to a low-carbon economy can and will be financially material for financial institutions. Accordingly, microprudential supervisors have started including climate-related financial risks in their daily...

This study examines the required return to fund a defined pension benefit of the Civil Service Pension Fund, managed by KWAP. Based on the four variables, contribution rate, retirement age, life expectancy, and length of service, this study simulates 648 scenarios of required return...

This paper provides an analysis of water heating within South Africa's residential energy demand. Using MAED, this work models four scenarios to examine the impact of varying degrees of governmental intervention and policy implementation, specifically SANS10400-XA2, on water heating energy...

Iran's energy sector is characterized by its significant reserves, market dynamics, economic challenges, and political and global impacts. This paper employs an integrated, scenario-based robust planning approach to address Iran's energy imbalance, which manifests as excess demand or...

This publication presents the first findings of a Cedefop foresight study aiming to craft a vision of the future of contin - uing skills development up to 2040, accompanied by strate - gic goals. Four AI-powered scenarios offer alternative viewpoints on how different features and conditions...

Asia's development trajectory has important implications for achieving the globally agreed climate goal of limiting global warming to well below 2○C. The Sixth Assessment Report of the Intergovernmental Panel on Climate Change incorporated an ambitious effort to compile and compare thousands...

In the midst of the global climate crisis, governments worldwide have implemented a range of emission policies aimed at en-couraging more production of the environmentally friendly vehicle. However, the exact impact of these policies on automakers'production portfolios and profitability remains...

The watershed represents a holistic system whose poor understanding of its multiple subsystems can lead to a pronounced water scarcity. This study aims to develop an innovative technique for managing water resources within the Souss-Massa watershed. It uses the System Dynamics (SD) methodology...

Coal-based energy plays a vital role in powering the global economy, but generates substantial emissions of atmospheric pollutants and greenhouse gases. Cost-effective solutions to mitigating these emissions are a global priority for sustainable development. Although numerous mitigation...

The main goal of this study is to document the Non-Utopian Unreal Scenarios -or NUUS- and to propose a mathematical approach, presenting them as a strategic tool that seeks to contribute to decision-making processes in various fields, in addition to those already existing, such as, for example,...