Yannis Dafermos
Biographic Data
| ID | 1521344 |
|---|---|
| NAME | Yannis Dafermos |
| GIVEN NAMES | Yannis |
| FAMILY NAME | Dafermos |
| SIGNATURE | DAFERMOS Y |
| AFFILIATIONS | SOAS University of London |
| ORCID | 0000-0002-8127-6249 |
| VERIFIED | Yes |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 99 |
| AUTHOR COUNT | 9 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2012 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
The climate crisis meets the ECB
Institutional supercycles
We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institutional structures that aim to stabilise the macrofinancial system. The effectiveness of these structures changes over time as a result of profit-seeking innovations and long-run destabilising processe…
FX swaps, shadow banks and the global dollar footprint
The era of dollar-based financial globalisation has seen a steady rise in the use of foreign exchange (FX) swaps. We provide a macrofinancial political economy perspective on the geography of FX swaps, and the spatial effects of central bank policies aimed at taming instabilities associated with the uneven geography of the dollar. First, we analyse the mechanisms and potential sources of instability involved in accessing dollars using FX swaps an…
The Wall Street Consensus in pandemic times
The COVID-19 pandemic has reinforced the dominance of what Daniela Gabor calls the Wall Street Consensus (WSC) as the hegemonic approach to sustainable development. Public commitments to ‘green recoveries’ and climate resilience, growing fiscal deficits in the Global South, and new central bank emergency liquidity measures have created more space for WSC policies. We examine the key WSC climate policy tools – climate infrastructure as an asset cl…
Covid-19 and crises of capitalism
The COVID-19 pandemic has exposed multiple structural flaws of global capitalism. These have been reproduced through the intensification of inequalities and reinforced through policy responses that have failed to protect the most vulnerable from the health and socio-economic impacts of COVID-19. The COVID-19 pandemic has also revealed the materiality of human activity and complex geographies of inequality. It has highlighted how inequalities embe…
Climate Change, Financial Stability and Monetary Policy
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Finance, Monetary Policy and the Institutional Foundations of the Phillips Curve
The purpose of this paper is to examine the influence of financial commitments on the short-run Phillips curve, under different institutional structures of the labour and product market, degrees of euphoria and ratios of firms' to workers' outstanding debt. We develop a Post-Keynesian conflicting-claims model that explicitly incorporates the impact of workers' and firms' financial commitments on distribution conflict and inflation. We propose dif…
Working poor, labour market and social protection in the EU
This paper offers some crucial insights into the incidence and determinants of in–work poverty in the EU. It shows that in–work poverty plays a principal role in the determination of overall poverty, and it explores the impact of the social protection system and labour market conditions on the incidence of in–work poverty. The comparative analysis illustrates that higher flexibility in the labour market may have an unfavourable impact on in–work …
Climate Change, Financial Stability and Monetary Policy
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Covid-19 and crises of capitalism
The COVID-19 pandemic has exposed multiple structural flaws of global capitalism. These have been reproduced through the intensification of inequalities and reinforced through policy responses that have failed to protect the most vulnerable from the health and socio-economic impacts of COVID-19. The COVID-19 pandemic has also revealed the materiality of human activity and complex geographies of inequality. It has highlighted how inequalities embe…
The Wall Street Consensus in pandemic times
The COVID-19 pandemic has reinforced the dominance of what Daniela Gabor calls the Wall Street Consensus (WSC) as the hegemonic approach to sustainable development. Public commitments to ‘green recoveries’ and climate resilience, growing fiscal deficits in the Global South, and new central bank emergency liquidity measures have created more space for WSC policies. We examine the key WSC climate policy tools – climate infrastructure as an asset cl…
Institutional supercycles
We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institutional structures that aim to stabilise the macrofinancial system. The effectiveness of these structures changes over time as a result of profit-seeking innovations and long-run destabilising processe…
Finance, Monetary Policy and the Institutional Foundations of the Phillips Curve
The purpose of this paper is to examine the influence of financial commitments on the short-run Phillips curve, under different institutional structures of the labour and product market, degrees of euphoria and ratios of firms' to workers' outstanding debt. We develop a Post-Keynesian conflicting-claims model that explicitly incorporates the impact of workers' and firms' financial commitments on distribution conflict and inflation. We propose dif…
Working poor, labour market and social protection in the EU
This paper offers some crucial insights into the incidence and determinants of in–work poverty in the EU. It shows that in–work poverty plays a principal role in the determination of overall poverty, and it explores the impact of the social protection system and labour market conditions on the incidence of in–work poverty. The comparative analysis illustrates that higher flexibility in the labour market may have an unfavourable impact on in–work …
Finance, Monetary Policy and the Institutional Foundations of the Phillips Curve
The purpose of this paper is to examine the influence of financial commitments on the short-run Phillips curve, under different institutional structures of the labour and product market, degrees of euphoria and ratios of firms' to workers' outstanding debt. We develop a Post-Keynesian conflicting-claims model that explicitly incorporates the impact of workers' and firms' financial commitments on distribution conflict and inflation. We propose dif…
A stock-flow-fund ecological macroeconomic model
This paper develops a stock-flow-fund ecological macroeconomic model that combines the stock-flow consistent approach of Godley and Lavoie with the flow-fund model of Georgescu-Roegen. The model has the following key features. First, monetary and physical stocks and flows are explicitly formalised taking into account the accounting principles and the laws of thermodynamics. Second, Georgescu-Roegen’s distinction between stock-flow and fund-servic…
Climate Change, Financial Stability and Monetary Policy
The Wall Street Consensus in pandemic times
The COVID-19 pandemic has reinforced the dominance of what Daniela Gabor calls the Wall Street Consensus (WSC) as the hegemonic approach to sustainable development. Public commitments to ‘green recoveries’ and climate resilience, growing fiscal deficits in the Global South, and new central bank emergency liquidity measures have created more space for WSC policies. We examine the key WSC climate policy tools – climate infrastructure as an asset cl…
Covid-19 and crises of capitalism
The COVID-19 pandemic has exposed multiple structural flaws of global capitalism. These have been reproduced through the intensification of inequalities and reinforced through policy responses that have failed to protect the most vulnerable from the health and socio-economic impacts of COVID-19. The COVID-19 pandemic has also revealed the materiality of human activity and complex geographies of inequality. It has highlighted how inequalities embe…
Institutional supercycles
We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institutional structures that aim to stabilise the macrofinancial system. The effectiveness of these structures changes over time as a result of profit-seeking innovations and long-run destabilising processe…
FX swaps, shadow banks and the global dollar footprint
The era of dollar-based financial globalisation has seen a steady rise in the use of foreign exchange (FX) swaps. We provide a macrofinancial political economy perspective on the geography of FX swaps, and the spatial effects of central bank policies aimed at taming instabilities associated with the uneven geography of the dollar. First, we analyse the mechanisms and potential sources of instability involved in accessing dollars using FX swaps an…
The climate crisis meets the ECB
Economics (8 works) · Economic Theory and Policy (4 works) · Finance (4 works) · Business (3 works) · Climate change (3 works) · Climate Change Policy and Economics (3 works) · Market Dynamics and Volatility (3 works) · Market liquidity (3 works) · Monetary economics (3 works) · Political science (3 works)