The main purpose of the current publication is to formulate a scenario model for the analysis of the opportunities for low-carbon economy establishment in the countries with transition economies. The model studies risk factors such as shadow economy level and populism based on the implementation...

Uncertainty shapes the trajectory of business cycles and remains a central research topic in Macroeconomics. When studying the impact of uncertainty on the economy, economists use different uncertainty measures. While all indicators approximate uncertainty along some certain dimension, none of...