Yannis Dafermos

I am a Reader in Economics at SOAS University of London where I am currently serving as the Head of the Department of Economics. My research interests lie in financial macroeconomics, climate finance, ecological macroeconomics, climate-aligned development, inequalities and the political economy of the green transition. My work has appeared in peer-reviewed journals, such as the Cambridge Journal of Economics, Ecological Economics, Environment and Planning A: Economy and Space, the Journal of Banking & Finance, the Journal of Financial Stability, Nature Climate Change and New Political Economy. I have acted as Principal Investigator and Co-Investigator in several projects about the role of macroeconomic and financial policies in the green transition and have run capacity building programmes on climate change for many central banks. I am a Senior Fellow at the SOAS Centre for Sustainable Finance and a Fellow at the Forum for Macroeconomics and Macroeconomic Policies (FMM). I am also a Committee member of the Post-Keynesian Economics Society (PKES), an Associate Editor of the Journal of Post Keynesian Economics, an Editorial Board member of the journal Ecological Economics and an Associate Editor of the Review of Evolutionary Political Economy.

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RECENT PUBLICATIONS

Dafermos, Y. (2025). Ecological stock-flow consistent modeling: an emerging tool for the Ministries of Finance, in ‘Compendium of Practice from a Global Community of Ministries of Finance and Leading Organizations’, Coalition of Finance Ministers for Climate Action.
Dafermos, Y. (2025). Climate finance and global justice, Climate Policy, 10.1080/14693062.2025.2482104
Dafermos, Y., Nikolaidi, M., Colesanti Senni, C. and von Jagow, A. (2024). Macrofinancial causes and risks of deforestation, land conversion and water stress: analysing the role of central banks and financial supervisors through a stock-flow double materiality lens, SOAS University of London; University of Greenwich; University of Zurich; Vienna University of Economics and Business.
Dafermos, Y., McConnell, A., Nikolaidi, M., Storm, S., Yanovski, B. (2024). Macroeconomic modeling in the Anthropocene: why the E-DSGE Framework is not fit for purpose and what to do about it, INET Working Paper No. 229.
Beirne, J., Dafermos, Y., Kriwoluzky, A., Renzhi, N., Volz, U. and Wittich, J. (2024). Weather-related disasters and inflation in the euro area, Journal of Banking & Finance, 169, 107298.
Dafermos, Y., Volz, U. (2024). Assessing climate transition risks using scenario analysis and stress testing: insights for the Reserve Bank of India, Climate Bonds Initiative.
Dafermos, Y. (2024). The climate crisis meets the ECB: tinkering around the edges or paradigm shift? London: SOAS Department of Economics Working Paper No. 264.
Dafermos, Y., Nikolaidi, M. (2023). Financing climate investment in the EU: the role of monetary and financial policies, In: Cerniglia, F., Saraceno, F., Watt, A. (eds.), Financing Investment in Times of High Public Debt: 2023 European Public Investment Outlook, OpenBook Publishers, 157-168.
Dafermos, Y., Gabor, D., Nikolaidi, N., Gogolewski, J., Vargas, M. (2023). Broken promises: the ECB’s widening Paris gap, SOAS University of London; University of Greenwich; University of the West of England; Greenpeace.
Dafermos, Y., Gabor, D., Michell, J. (2023). Institutional supercycles: an evolutionary macro-finance approach, New Political Economy, 28 (5), 693-712.
Dafermos, Y., Gabor, D., Michell, J. (2023). Shadow banks, FX swaps and the global dollar footprint, Environment and Planning A: Economy and Space, 55 (4), 949-968.