Maria Nikolaidi

Dr Nikolaidi Maria PhD

Associate Professor in Economics

Dr. Maria Nikolaidi is an Associate Professor in Economics at the University of Greenwich. She is also a Fellow at the Forum for Macroeconomics and Macroeconomic Policies (FMM). Her research areas include macrofinancial policies, ecological macroeconomics and financial fragility. Her work has been published in peer-reviewed journals, including the Cambridge Journal of Economics, Ecological Economics, the Journal of Financial Stability, the Journal of Economic Surveys and Structural Change and Economic Dynamics. She has worked on research projects on ecological macroeconomic modelling, the greening of monetary policy and the links between income distribution and growth. At the University of Greenwich, she teaches macroeconomics, political economy and banking & finance. She is a member of the committee of the Post-Keynesian Economics Society (PKES) and a Trustee of the Foundation for European Economic Development (FEED).

Responsibilities within the university

Teaching activities

  • Banking and Finance in a Global Context I and II, BSc Economics
  • Political Economy of Development, Climate and Finance, BSc Economics
  • Macroeconomics 2, MSc Economics

Awards
  • 2020-2021: Outstanding Research Award, University of Greenwich.
  • 2018-2019: Excellence in Research, Faculty of Business Staff Awards, University of Greenwich.
  • 2016-2017: Early Career Research Excellence Award, University of Greenwich.
  • 2010-2013: Scholarship for Ph.D. studies in Economics, Programme: Heracleitus II, co-financed by the European Union (European Social Fund – ESF) and Greek national funds.
  • 2008-2010: Scholarship for Ph.D. studies in Economics, Antonios Papadakis Endowment, Department of Economics, University of Athens, Greece.

Recognition

Research / Scholarly interests

Maria Nikolaidi's research interests include financial fragility, macroeconomic policy, bank regulation and ecological macroeconomics.

Key funded projects

  • Macrofinancial policies for a green and caring economy, Funder: Women's Budget Group, 2022.
  • The environmental effects of the ECB bond purchases, Funder: ClientEarth, 2022 (in partnership with SOAS University of London and the University of the West of England).
  • Climate change and central bank asset purchases, Funder: INSPIRE-ClimateWorks Foundation, 2020-2021 (in partnership with SOAS University of London, New Economics Foundation and the University of the West of England).
  • Central banking and climate change, Funder: New Economics Foundation, 2020-2021 (in partnership with SOAS University of London and the University of the West of England).
  • Greening the Eurosystem collateral framework, Funder: INSPIRE-ClimateWorks Foundation, 2019-2020 (in partnership with SOAS University of London, New Economics Foundation and the University of the West of England).
  • An investment and equality-led sustainable growth programme for Europe, University of Greenwich, Funder: Foundation for European Progressive Studies (FEPS), 2016-2017.
  • Modelling the interactions between the ecosystem, the financial system and the macroeconomy, Funder: Network for Social Change, 2014-2016 (in partnership with New Economics Foundation and the University of the West of England).

Recent publications

Article

Dafermos, Yannis and , Nikolaidi, Maria (2022), Assessing climate policies: an ecological stock–flow consistent perspective. Edward Elgar Publishing. In: , , , . Edward Elgar Publishing, European Journal of Economics and Economic Policies: Intervention ISSN: 2052-7764 (Print), 2052-7772 (Online) (doi: https://doi.org/10.4337/ejeep.2022.0095).

Dafermos, Yannis and , Nikolaidi, Maria (2021), How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis. Elsevier. In: , , , . Elsevier, Journal of Financial Stability, 54: 100871 ISSN: 1572-3089 (Print), (doi: https://doi.org/10.1016/j.jfs.2021.100871).

Obst, Thomas , Onaran, Özlem, Nikolaidi, Maria (2020), The effects of income distribution and fiscal policy on aggregate demand, investment and the budget balance: the case of Europe. Oxford University Press. In: , , , . Oxford University Press, Cambridge Journal of Economics, 44 (6) . pp. 1221-1243 ISSN: 0309-166X (Print), 1464-3545 (Online) (doi: https://doi.org/10.1093/cje/bez045).

Dafermos, Yannis , Nikolaidi, Maria, Galanis, Giorgos (2018), Climate change, financial stability and monetary policy. Elsevier. In: , , , . Elsevier, Ecological Economics, 152 . pp. 219-234 ISSN: 0921-8009 (Print), 1873-6106 (Online) (doi: https://doi.org/10.1016/j.ecolecon.2018.05.011) NB Item availability restricted.

Nikolaidi, Maria and , Stockhammer, Engelbert (2017), Minsky models: a structured survey. Wiley. In: , , , . Wiley, Journal of Economic Surveys, 31 (5) . pp. 1304-1331 ISSN: 0950-0804 (Print), 1467-6419 (Online) (doi: https://doi.org/10.1111/joes.12222) NB Item availability restricted.

Nikolaidi, Maria and , (2017), Three decades of modelling Minsky: what we have learned and the way forward. Edward Elgar Publishing. In: , , , . Edward Elgar Publishing, European Journal of Economics and Economic Policies: Intervention, 14 (2) . pp. 222-237 ISSN: 2052-7764 (Print), 2052-7772 (Online) (doi: https://doi.org/10.4337/ejeep.2017.02.05) NB Item availability restricted.

Dafermos, Yannis , Nikolaidi, Maria, Galanis, Giorgos (2016), A stock-flow-fund ecological macroeconomic model. Elsevier B.V.. In: , , , . Elsevier B.V., Ecological Economics, 131 . pp. 191-207 ISSN: 0921-8009 (Print), 1873-6106 (Online) (doi: http://dx.doi.org/10.1016/j.ecolecon.2016.08.013) NB Item availability restricted.

Book section

Dafermos, Yannis and , Nikolaidi, Maria (2023), Financing climate investment in the EU: the role of monetary and financial policies. OpenBook Publishers. In: , , In: Floriana Cerniglia, Francesco Saraceno, Andrew Watt (eds.), Financing Climate Investment in the EU: the Role of Monetary and Financial Policies. OpenBook Publishers, Cambridge, United Kingdom (1st) . pp. 157-168 . ISBN: 9781805112006; 9781805112013; 9781805112020; 9781805112051; 9781805112044; 9781805112037 (doi: https://doi.org/10.11647/OBP.0386).

Nikolaidi, Maria and , (2021), Minsky's financial instability hypothesis. Elgar. In: , , In: Giovanni Ferri, Vincenzo D’Apice (eds.), A Modern Guide to Financial Shocks and Crises. Elgar, Cheltenham, UK; Northampton, Massachusetts (1st) . pp. 22-44 . ISBN: 9781789904512 ; 9781789904529 (doi: https://doi.org/10.4337/9781789904529.00010).

Dafermos, Yannis and , Nikolaidi, Maria (2019), Fiscal policy and ecological sustainability: a post-Keynesian perspective. Palgrave Macmillan - Springer Nature. In: , , In: P. Arestis, M. Sawyer (eds.), Frontiers of Heterodox Macroeconomics. International Papers in Political Economy. Palgrave Macmillan - Springer Nature, Cham, Switzerland (1st) . pp. 277-322 . ISBN: 9783030239282; 9783030239299 (doi: https://doi.org/10.1007/978-3-030-23929-9_7) NB Item availability restricted.

Monograph

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, Gogolewski, Jakub , Vargas, Mauricio (2023), Broken promises: the ECB's widening Paris gap. A joint report by SOAS University of London, University of Greenwich, University of the West of England, and Greenpeace. Greenpeace. In: , , , . Greenpeace, Hamburg, Germany (1st) (doi: https://www.greenpeace.de/publikationen/broken-promises-ecbs-widening-paris-gap#:~:text=In%20a%20nutshell%3A%20The%20new,with%20the%202015%20Paris%20Agreement.).

Nikolaidi, Maria and , (2022), Macrofinancial policies for a green and caring economy: Feminist Green New Deal policy paper. Women's Budget Group (WBG) - Wen (Women’s Environmental Network). In: , , , . Women's Budget Group (WBG) - Wen (Women’s Environmental Network), London (1st) (doi: https://wbg.org.uk/analysis/macrofinancial-policies-for-a-green-and-caring-economy/).

Dafermos, Yannis and , Nikolaidi, Maria (2022), Greening capital requirements. Grantham Research Institute on Climate Change and the Environment; London School of Economics (LSE); Centre for Sustainable Finance, SOAS. In: , , , . Grantham Research Institute on Climate Change and the Environment; London School of Economics (LSE); Centre for Sustainable Finance, SOAS, London (1st) (doi: https://www.lse.ac.uk/granthaminstitute/publication/greening-capital-requirements/).

Dafermos, Yannis , Daniela, Gabor, Nikolaidi, Maria, van Lerven, Frank , Vargas, Mauricio (2022), The ECB Paris gap: substantive but treatable. Greenpeace. In: , , , . Greenpeace, Hongkong; Hamburg (1st) (doi: https://www.greenpeace.de/publikationen/The%20ECB%20Paris%20Gap.pdf).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, van Lerven, Frank (2022), Greening collateral frameworks. Grantham Research Institute on Climate Change and the Environment; London School of Economics (LSE); Centre for Sustainable Finance, SOAS. In: , , , . Grantham Research Institute on Climate Change and the Environment; London School of Economics (LSE); Centre for Sustainable Finance, SOAS, London (1st) (doi: https://www.lse.ac.uk/granthaminstitute/publication/greening-collateral-frameworks/).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, van Lerven, Frank (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. In: , , , . SOAS University of London; University of Greenwich; University of the West of England, London and Bristol (1st) (doi: https://www.inspiregreenfinance.org/publications/an-environmental-mandate-now-what-alternatives-for-greening-the-bank-of-englands-corporate-bond-purchases/).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, van Lerven, Frank (2021), Greening the UK financial system - a fit for purpose approach. SUERF - The European Money and Finance Forum 2010-2018 (Société Universitaire Européenne de Recherches Financières). In: , , , . SUERF - The European Money and Finance Forum 2010-2018 (Société Universitaire Européenne de Recherches Financières), Vienna, Austria (1st) (doi: https://www.suerf.org/docx/f_55c6017b10a9755ef3681b09ccb01e94_21233_suerf.pdf).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, Pawloff, Adam , van Lerven, Frank (2021), Greening the Eurosystem collateral framework: how to decarbonise the ECB's monetary policy. New Economics Foundation. In: , , , . New Economics Foundation, London (1st) (doi: https://neweconomics.org/2021/03/greening-the-eurosystem-collateral-framework).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, Pawloff, Adam , van Lerven, Frank (2020), Decarbonising is easy: beyond market neutrality in the ECB's corporate QE. New Economics Foundation. In: , , , . New Economics Foundation, London (1st) (doi: https://neweconomics.org/2020/10/decarbonising-is-easy).

Dafermos, Yannis , Gabor, Daniela, Nikolaidi, Maria, van Lerven, Frank (2020), Decarbonising the Bank of England's pandemic QE: 'perfectly sensible'. New Economics Foundation. In: , , , . New Economics Foundation, London (1st) (doi: https://neweconomics.org/2020/08/decarbonising-the-bank-of-englands-pandemic-qe).

Gabor, Daniela , Dafermos, Yannis, Nikolaidi, Maria, Rice, Peter , van Lerven, Frank , Kerslake, Robert , Pettifor, Ann , Jacobs, Michael (2019), Finance and climate change: a progressive green finance strategy for the UK. Labour Party. In: , , , . Labour Party, London (1st) (doi: https://labour.org.uk/wp-content/uploads/2019/11/12851_19-Finance-and-Climate-Change-Report.pdf).

Working paper

Dafermos, Yannis and , Nikolaidi, Maria (2021), How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis. University of Greenwich. In: , , , . University of Greenwich, (doi: ).

Dafermos, Yannis and , Nikolaidi, Maria (2019), Fiscal policy and ecological sustainability: a post-Keynesian perspective. Greenwich Political Economy Research Centre (GPERC). In: , , , . Greenwich Political Economy Research Centre (GPERC), London, University of Greenwich (doi: ).

Dafermos, Yannis , Nikolaidi, Maria, Galanis, Giorgos (2017), Climate change, financial stability and monetary policy. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).

Nikolaidi, Maria and , Stockhammer, Engelbert (2017), Minsky models: a structured survey. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).

Onaran, Özlem , Nikolaidi, Maria, Obst, Thomas (2017), The role of public spending and incomes policies for investment and equality-led development in the UK. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/gperc-policy-briefs).

Obst, Thomas , Onaran, Özlem, Nikolaidi, Maria (2017), The effect of income distribution and fiscal policy on growth, investment, and budget balance: the case of Europe. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).

Onaran, Özlem , Nikolaidi, Maria, Obst, Thomas (2017), A coordinated mix of public investment and incomes policies for sustainable development in Europe. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/gperc-policy-briefs).

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