PUBLICATIONS
JOURNAL ARTICLES
- Dafermos, Y., Gabor, D., Michell, J. (2023). Institutional supercycles: an evolutionary macro-finance approach, New Political Economy, DOI:10.1080/13563467.2022.2161497.
- Dafermos, Y., Nikolaidi, M. (2022). Assessing climate policies: an ecological stock-flow consistent perspective, European Journal of Economics and Economic Policies: Intervention, 19 (3), 338-356.
- Dafermos, Y., Gabor, D., Michell, J. (2022). Shadow banks, FX swaps and the global dollar footprint, Environment and Planning A, DOI: 10.1177/0308518X221128302.
- Dafermos, Y., Nikolaidi, M. (2021). How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis, Journal of Financial Stability, 54, 100871.
- Battiston, S., Dafermos, Y., Monasterolo, I. (2021). Climate risks and financial stability, Journal of Financial Stability, 54, 100867.
- Dafermos, Y., Gabor, D., Michell, J. (2021). The Wall Street Consensus in pandemic times: what does it mean for climate-aligned development? Canadian Journal of Development Studies, 42 (1-2), 238-251.
- Stevano, S., Franz, T., Dafermos, Y., Van Waeyenberge, E. (2021). COVID-19 and crises of capitalism: intensifying inequalities and global responses, Canadian Journal of Development Studies, 42 (1-2), 1-17.
- Dafermos, Y., Nikolaidi, M., Galanis, G. (2018). Climate change, financial stability and monetary policy, Ecological Economics, 152, 219-234.
- Dafermos, Y. (2018). Debt cycles, instability and fiscal rules: a Godley-Minsky synthesis, Cambridge Journal of Economics, 42 (5), 1277-1313.
- Campiglio, E., Dafermos, Y., Monnin, P., Ryan-Collins, J., Schotten, G., Tanaka, M. (2018) Climate change challenges for central banks and financial regulators, Nature Climate Change, 8 (6), 462-468.
- Dafermos, Y., Nikolaidi, M., Galanis, G. (2018). A stock-flow-fund ecological macroeconomic model, Ecological Economics, 131, 191-207.
- Dafermos, Y., Papatheodorou, C. (2015). Linking functional with personal income distribution: a stock-flow consistent approach, International Review of Applied Economics, 29 (6), 787-815.
- Dafermos, Y. (2015). The “other half” of the public debt-economic growth relationship: a note on Reinhart and Rogoff, European Journal of Economics and Economic Policies: Intervention, 12 (1), 20-28.
- Argitis, G., Dafermos, Y. (2013). Finance, monetary policy and the institutional foundations of the Phillips curve, Review of Political Economy, 25 (4), 607-623.
- Dafermos, Y., Papatheodorou, C. (2015). What drives inequality and poverty in the EU? Exploring the impact of macroeconomic and institutional factors, International Review of Applied Economics, 27 (1), 1-22.
- Dafermos, Y. (2012). Liquidity preference, uncertainty, and recession in a stock-flow consistent model, Journal of Post Keynesian Economics, 34 (4), 749-776.
- Dafermos, Y., Papatheodorou, C. (2012). Working poor, labour market and social protection in the EU: a comparative perspective, International Journal of Management Concepts and Philosophy, 6 (1-2), 71-88.
- Argitis, G., Dafermos, Y. (2011). Finance, inflation and employment: a post-Keynesian/Kaleckian analysis, Cambridge Journal of Economics, 35 (6), 1015-1033.
CHAPTERS IN EDITED VOLUMES
- Dafermos, Y. (2022). Climate change, central banking and financial supervision: beyond the risk exposure approach, In: Kappes, S., Rochon L.-P. and Vallet, G. (eds.) The Future of Central Banking, Edward Elgar, Cheltenham, UK and Northampton, MA, USA, 175-194.
- Dafermos, Y., Nikolaidi, M. (2019). Fiscal policy and ecological sustainability: a post-Keynesian perspective, In: Arestis, P., Malcolm, S. (eds.), Frontiers of Heterodox Macroeconomics, Palgrave Macmillan, Basingstoke, 277-322.
- Dafermos, Y., Papatheodorou, C. (2012). Economic crisis and poverty in Greece and the EU: the effects of macroeconomic environment and social protection, In: Social Policy and Social Cohesion in Greece under Conditions of Economic Crisis, Bank of Greece, Athens, 2012, 89-119 (in Greek).
WORKING PAPERS
- Dafermos, Y., Monserand, A., Nikolaidi, M. (2022). Green public investment, consumption patterns and the ecological transition: a macroeconomic analysis, SSRN 4097746.
- Beirne, J., Dafermos, Y., Kriwoluzky, A., Renzhi, N., Volz, U. and Wittich, J. (2021). The effects of natural disasters on price stability in the euro area, SOAS Department of Economics Working Paper No. 244, London: SOAS University of London.
- Dafermos, Y. (2021). Climate change, central banking and financial supervision: beyond the risk exposure approach, SOAS Department of Economics Working Paper No. 243, London: SOAS University of London
- Dafermos, Y., Gabor, D., Michell, J. (2020). Institutional supercycles: an evolutionary macro-finance approach, Rebuilding Macroeconomics, Working Paper No. 15.
- Dafermos, Y., Nikolaidi, M. (2021). How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis, PKES Working Paper 2105.
- Dafermos, Y., Nikolaidi, M. (2019). Fiscal policy and ecological sustainability: a post-Keynesian perspective, PKES Working Paper 1912.
- Dafermos, Y., Nikolaidi, M., Galanis, G. (2017). Climate change, financial stability and monetary policy, PKSG Working Paper 1712.
- Dafermos, Y., Nikolaidi, M., Galanis, G. (2016). A stock-flow-fund ecological macroeconomic model, PKSG Working Paper 1612.
- Dafermos, Y. (2015). ‘Debt cycles, instability and fiscal rules: a Godley-Minsky model’, Economics Working Paper 1509, University of the West of England.
REPORTS/STUDIES/BRIEFS
- Dafermos, Y., Nikolaidi, M. (2022). Greening capital requirements, The INSPIRE Sustainable Central Banking Toolbox, Policy Briefing Paper 8, SOAS Centre for Sustainable Finance; LSE Grantham Research Institute on Climate Change and the Environment.
- Dafermos, Y., Gabor, D., Nikolaidi, M., van Lerven, F., Vargas, M. (2022). The ECB Paris gap: substantive but treatable, Greenpeace Germany; SOAS University of London; University of Greenwich, University of the West of England.
- Dafermos, Y., Gabor, D., Nikolaidi, M. and van Lerven, F. (2022). Greening collateral frameworks, The INSPIRE Sustainable Central Banking Toolbox, Policy Briefing Paper 7, SOAS Centre for Sustainable Finance; LSE Gratham Research Institute on Climate Change and the Environment.
- Dafermos, Y., Gabor, D., Nikolaidi, M. and van Lerven, F. (2022). An environmental mandate, now what? Alternatives for greening the Bank of England’s corporate bond purchases, SOAS University of London; University of Greenwich; University of the West of England.
- Dafermos, Y., Kriwoluzky, A., Vargas, M., Volz, U., Wittich, J. (2021). The price of hesitation: how the climate crisis threatens price stability and what the ECB must do about It, Greenpeace Germany; German Institute for Economic Research; SOAS, University of London.
- Dafermos, Y., Gabor, D., Nikolaidi, M., Pawloff, A., van Lerven, F. (2021). Greening the Eurosystem collateral framework: how to decarbonise the ECB’s monetary policy, New Economics Foundation.
- Dafermos, Y., Gabor, D., Nikolaidi, M. and van Lerven, F. (2021). Greening the UK financial system – a fit for purpose approach, SUERF Policy Note 226.
- Dafermos, Y., Gabor, D., Nikolaidi, M., Pawloff, A., van Lerven, F. (2020). Decarbonising is easy: beyond market neutrality in the ECB’s corporate QE, New Economics Foundation.
- Dafermos, Y., Gabor, D., Nikolaidi, M. and van Lerven, F. (2020). Decarbonising the Bank of England’s QE: perfectly sensible?, New Economics Foundation.
- Gabor, D., Dafermos, Y., Nikolaidi, M., Rice, P., van Lerven, F., Kerslake, R., Pettifor, A., Jacobs, M. (2019). Finance and climate change: a progressive green finance strategy for the UK, Report of the independent panel commissioned by Shadow Chancellor of the Exchequer John McDonnell MP.
- Dafermos, Y., Galanis, G., Nikolaidi, M. (2018). Can green QE reduce global warming?, Foundation for European Progressive Studies (FEPS).
- Dafermos, Y., Galanis, G., Nikolaidi, M. (2015). A new ecological macroeconomic model: analysing the interactions between the ecosystem, the financial system and the macroeconomy, New Economics Foundation.
- Dafermos, Y., Papatheodorou, C. (2013). The contribution of the social protection system to economic growth, Study 26, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Dafermos, Y., Papatheodorou, C. (2012). Macroeconomic policy, functional income distribution and inequality: a theoretical analysis, Study 23, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Dafermos, Y., Nikolaidi, M. (2012). How can the Greek trade balance improve?, Policy Brief 5, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Dafermos, Y., Nikolaidi, M. (2011). The macroeconomic assumptions of the austerity programme in Greece: are they realistic?, Policy Brief 2, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour, 2011 (in Greek).
- Dafermos, Y., Papatheodorou, C. (2011). The paradox of social policy in Greece: why the rise in social protection expenditures did not reduce poverty, Policy Brief 1, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Argitis, G., Dafermos, Y., Nikolaidi, M. (2011). The sovereign debt crisis in Greece: causes and prospects, Report 4, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour, 2011 (with G. Argitis and M. Nikolaidi; in Greek).
- Argitis, G., Dafermos, Y., Marsellou, A. (2011). Public programme budgeting: conducive to economic and social Development or fiscal austerity? Study 11, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (with in Greek).
- Dafermos, Y., Papatheodorou, C. (2010). Aspects of labourers’ poverty and deprivation in Greece and the Attica, Hellenic Social Policy Association, Athens, 2010 (in Greek).
- Papatheodorou, C., Dafermos, Y. (2010). Structure and trends in economic inequality and poverty in Greece and the EU, 1995-2008, Report 2, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour, 2010 (in Greek).
- Dafermos, Y., Papatheodorou, C. (2010). Macroeconomic environment, inequality and poverty: An empirical analysis of the impact of economic growth and social protection in Greece and the EU, Study 3, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Dafermos, Y., Papatheodorou, C., Papadopoulou, E., Sakellaridis, G. (2010). Economic growth, inequality and poverty: theoretical and empirical approaches, Study 2, Observatory of Economics and Social Developments, Labour Institute, Greek General Confederation of Labour, 2010 (in Greek).
- Papatheodorou, C., Dafermos, Y., Danchev, S., Marsellou, A. (2008). Economic inequality and poverty in Greece: comparative analysis and intertemporal trends, Report 1, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
- Dafermos, Y., Theofilakou, A., Mavrodimitrakis, C., Tsakloglou, P. (2008). Poverty in Greece: similarities and differences under alternative methodological approaches, Study 1, Observatory of Economic and Social Developments, Labour Institute, Greek General Confederation of Labour (in Greek).
BOOK REVIEWS
- Dafermos, Y. (2015). Review of: Hein, E., Distribution and Growth after Keynes: A Post-Keynesian Guide, Edward Elgar, 2014, in: Journal of Economics Library, 2015, 2 (2), 102-104.
- Dafermos, Y. (2008). Review of: Hein, E., Money, Distribution Conflict and Capital Accumulation: Contributions to ‘Monetary Analysis’, Palgrave Macmillan, in: Bulletin of Political Economy, 2010, 4 (1), 79-82.
RESEARCH GRANTS
2020-2021: Climate change and central bank asset purchases, Principal Investigator: Yannis Dafermos, Co-Investigators: Daniela Gabor, Maria Nikolaidi, Frank van Lerven, Funder: INSPIRE/ClimateWorks Foundation
2019-2020: Greening the Eurosystem collateral framework, Principal Investigator: Yannis Dafermos, Co-Investigators: Daniela Gabor, Maria Nikolaidi, Frank van Lerven, Funder: INSPIRE/ClimateWorks Foundation
2019-2020: Managing supercycles: globalisation and institutional change, Principal Investigator: Daniela Gabor, Co-Investigators: Yannis Dafermos, Jo Michell, Funder: Rebuilding Macroeconomics/ESRC
2015-2016: How can central banks enhance ecological sustainability? Vice-Chancellor’s Early Career Research Development Award, University of the West of England
2014-2016: Modelling the interactions between the ecosystem, the financial system and the macroeconomy, Principal Investigator: New Economics Foundation, Co-Investigators: Yannis Dafermos, Giorgos Galanis, Maria Nikolaidi, Funder: Network for Social Change
WORK EXPERIENCE
2021-present: Senior Lecturer in Economics, SOAS University of London
2019-2021: Lecturer in Economics, SOAS University of London
2016-2019: Senior Lecturer in Economics, University of the West of England
2013-2016: Lecturer in Economics, University of the West of England
2011–2013: Researcher, Labour Institute, Greek General Confederation of Labour
2008-2010: Freelance researcher in economics and biostatistics
TEACHING
CURRENT TEACHING
- Macroeconomic Analysis, Undergraduate level 2 (Module Convenor), SOAS University of London
- Advanced Macroeconomics, Postgraduate level (Module Convenor), SOAS University of London
PAST TEACHING
- Macroeconomics, Undergraduate level 1 (Module Leader), University of the West of England, 2015-2019
- Contemporary issues in banking and finance, Undergraduate level 3, University of the West of England, 2015-2019
- Sustainable organisation: vision into practice, Postgraduate level, University of the West of England, 2014-2019
- Time-series econometrics, Continuing Professional Development (CPD) programme on applied econometrics, University of the West of England, 2014-2017
- Econometrics, Undergraduate level 3, University of the West of England, 2014-2015
- Statistics and data management, Undergraduate level 1, University of the West of England, 2014-2015
- Introduction to macroeconomics, Undergraduate level 1, University of Athens, 2009-2010
QUALIFICATIONS
2015: Postgraduate Certificate in Teaching and Learning in Higher Education, University of the West of England
2012: PhD in Economics, University of Athens
2007: MPhil in Economics, University of Athens
2005: BSc in Management Science and Technology, Athens University of Economics and Business
INVITED PRESENTATIONS
02/2023: Assessing climate policies: cost-benefit vs systems-based approaches, 2023 Rethinking Economics Conference, London
11/2022: The ECB in the climate crisis era: why a paradigm shift is necessary, workshop on ‘Ditching the Maastricht model? The evolving role of the ECB in the EMU’, University of Luxembourg, Luxembourg
11/2022: Macroeconomics and the environment, 26th FMM Conference, Berlin
07/2022: Stock-flow consistent modelling and ecological macroeconomics, 8th FMM Summer School, Berlin
06/2022: Modelling approaches in ecological and environmental macroeconomics, 11th PKES Summer School, London
04/2022: Climate change, central banking and global finance, Spanish-Chilean Conference on Post-exctravitism and Heterodox Thinking, Instituto República y Democracia
04/2022: How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis, South East Asian Central Banks (SEACEN) Research and Training Centre
09/2021: Is COVID-19 a crisis of capitalism? An ecological economics perspective, Rethinking Economics for Africa Festival
06/2021: Stock-flow consistent modelling and ecological macroeconomics, 10th PKES Summer School
06/2021: How should financial stability, regulation and supervision be considered in the context of increasing climate-related risks?, The Green Swan Conference – Coordinating finance on climate, BIS, Banque de France, IMF, NGFS
03/2021: Macrofinancial policy mixes in the era of climate emergency, International Sustainable Finance Centre
11/2020: Modelling climate risks: a dynamic macrofinancial perspective, QUANTM Seminar, IMF
10/2020: Analysis of climate-related financial risks in macroeconomic models, BCC 8th Annual Conference
09/2020: Greening the Eurosystem collateral framework, 2nd Annual workshop of INSPIRE
07/2020: Stock-flow consistent modelling and ecological macroeconomics, 9th PKES Summer School
07/2020: Central banks and climate change: why we need a systems-based approach, The Elgar Webinar Series on Central Banking and Monetary Policy
05/2020: Wynne Godley and ecological macroeconomics, Conference on the Legacy of Wynne Godley, Levy Economics Institute of the Bard College
12/2019: How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis, Workshop on Coupled Climate-Ecology-Economy Modeling and Model Hierarchies, Institut Henri Poincaré, Sorbonne University, Paris
10/2019: Ecological macroeconomics and the Green New Deal, Rethinking Economics Pisa, University of Pisa/Sant’Anna School, Pisa
10/2019: SFC ecological macro models for climate policy analysis: opportunities and research challenges, Institute for Ecological Economics, Vienna University of Economics and Business, Vienna
09/2019: Environmental sustainability, central bank operations and the real economy, INSPIRE workshop in association with GRASFI, University of Oxford, Oxford
08/2019: Stock-flow consistent modelling and ecological macroeconomics, 7th FMM Summer School, Berlin
06/2019: Institutional supercycles: an evolutionary macro-finance approach, Bank of England, London
04/2019: Planetary Health and finance: perspectives on macro modelling, Planetary Health finance workshop, Oxford Martin School, Oxford
03/2019: What is ecological macroeconomics?, Still Rethinking? The need for pluralism in economics, University of Greenwich, London
03/2019: Climate risks and green differentiated capital requirements, Expert roundtable on macro-financial risks and climate change, UCL, London
09/2018: Climate change and finance: the big picture, Post-growth conference, European Parliament, Brussels
07/2018: Climate risks and financial stability, Closing plenary session, EcoMod conference, Venice
06/2018: Understanding the financial system, Office for National Statistics (ONS), Newport
05/2018: Building a stock-flow consistent model in practice, Lab session for PhD students, University of Greenwich, London
10/2017: Climate change, financial stability and monetary policy, Workshop on climate change, the energy transition and the financial System, France Stratégie & Chair in Energy and Prosperity, Paris
06/2017: Building a stock-flow consistent model in practice, Lab session for PhD students, University of Greenwich, London
12/2016: A stock-flow-fund ecological macroeconomic model, Agence Française de Développement (AFD), Paris
09/2016: Modelling the transition to a circular economy, Ellen MacArthur Foundation, Isle of Wight
08/2016: Introduction to stock-flow consistent modelling, Summer School on applied stock-flow consistent macro-modelling, Kingston University, London
06/2016: Building a stock-flow consistent model in practice, Lab session for PhD students, University of Greenwich, London
04/2016: Ecological macroeconomics, finance and degrowth, Post-Crash Economics Society, University of Manchester, Manchester
12/2015: A stock-flow-fund ecological macroeconomic model, Political Economy seminar series, Kingston University, London
12/2015: A stock-flow-fund ecological macroeconomic model, MISUM seminar series, Stockholm School of Economics, Stockholm
05/2015: An ecological stock-flow-fund modelling framework, 25th Annual Workshop of the Post-Keynesian Economics Study Group, SOAS University of London, London
05/2015: Building a stock-flow consistent model in practice, Lab session for PhD students, University of Greenwich, London
06/2014: Monetary policy and the distribution of personal income and wealth, Workshop on Monetary Policy and Sustainability, Council on Economic Policies, Bellagio
05/2014: Debt cycles, instability and fiscal rules: a Godley-Minsky model, Cambridge Keynes seminar, University of Cambridge, Cambridge
PROFESSIONAL ACTIVITIES
Journal referee: Cambridge Journal of Economics [2]; Canadian Journal of Development Studies; Climate and Development; Climate Policy; Climate Risk Management; Competition & Change; Ecological Economics [8]; Economic Modelling [3]; Energy for Sustainable Development; Environmental Policy and Governance; European Journal of Economics and Economic Policies: Intervention [3]; International Economics; International Journal of Finance & Economics; International Journal of Social Welfare; International Review of Applied Economics [4]; International Review of Economics and Finance; Journal of Banking and Finance; Journal of Economic Behavior and Organization; Journal of Economic Dynamics and Control; Journal of Economic Policy Reform; Journal of Environmental Management; Journal of Economic Surveys; Journal of Evolutionary Economics [2]; Journal of Financial Stability [3]; Metroeconomica [2]; New Political Economy [3]; Journal of Money, Credit and Banking; Nature Climate Change; Review of Evolutionary Political Economy [4]; Review of International Political Economy [3]; Review of Political Economy [2]; Review of Radical Political Economics; The Social Science Journal; World Development
Referee: Austrian Climate and Energy Fund; International Energy Agency; Research Foundation Flanders (FWO); Routledge; World Bank
External PhD examiner: University of Surrey [2015]; Universitat Jaume I [2019]; Kingston University [2020]; King’s College London [2020]
Consultancy: Banco Central do Brasil [2020-21]; New Economics Foundation [2020-21]; Greenpeace [2021-22]; ClientEarth [2022]; UNCTAD-Least Developed Countries Report [2022-23]
Capacity building: Banco Central do Brasil [2020-21]; Monetary Authority of Singapore [2021]; Standard Bank Group [2021]; Bank Negara Malaysia [2022]; SEACEN Centre [2022-23]; World Resources Institute [2022-2023]
Programme committee member: EcoMod Conference [2018]; FMM [2022]; EAERE [2022-23]
2023-present: Member of the editorial board, Ecological Economics
2021-present: Research & Knowledge Exchange Convenor, Department of Economics, SOAS University of London
2020-present: Council member, European Association for Evolutionary Political Economy (EAEPE)
2020-present: Fellow, Forum for Macroeconomics and Macroeconomic Policies (FMM)
2019-present: Associate Editor, Review of Evolutionary Political Economy
2019-present: Senior Fellow, SOAS Centre for Sustainable Finance
2016-present: Research area coordinator, European Association for Evolutionary Political Economy (EAEPE)
2015-present: Fellow, Higher Education Academy
2014-present: Committee member, Post-Keynesian Economics Society (PKES)
2014-present: Member, Reteaching Economics
2021: Guest co-editor: Journal of Financial Stability, special issue on ‘Climate risks and financial stability’
2021: Guest co-editor: Canadian Journal of Development Studies, special issue on ‘Covid-19 and crises of capitalism: intensifying inequalities and global responses’
2019-2022: Convenor, MSc Economics, SOAS University of London
2016-2020: External examiner for undergraduate and postgraduate modules, University of Greenwich
2014-2020: Working paper series co-editor, Post-Keynesian Economics Society (PKES)
2014-2016: Research Associate, New Economics Foundation
RESEARCH INTERESTS
- Financial macroeconomics
- Climate finance
- Ecological macroeconomics
- Climate-aligned development
- Inequality
COMPUTING SKILLS
EViews; MATLAB; R; SPSS; Stata
Yannis Dafermos 