Dr. Boyan Yanovski


Boyan Yanovski is a member of the FutureLab: Public Economics and Climate Finance. He studied and then did his PhD in Quantitative Economics at the Kiel University. He is currently working on exploring the barriers to low-carbon infrastructure investment that arise at the level of institutional investors and households. This involves matching the risk-return profiles of low-carbon infrastructure projects with investor preferences and considering possible interactions with potential and existing climate policies

Background and Current Research Interests

These include the areas of climate finance, portfolio theory, agent- and networks-based modeling, post-Keynesian economics and modeling the interactions between the real and financial sectors of the economy.  

Working papers

Yanovski, B., Lessmann, K., Tahri, I (2020). ``The Link between Short-termism and Risk: Barriers to Investment in Long-term Infrastructure Projects". SSRN-Working Paper.

Yanovski, B. (2016). “A Pro-cyclical Stock Market under a Counter-cyclical Monetary
Policy in a Model of Endogenous Business Cycles”. FinMaP-Paper No. 60.


Lux, T., Duc T, L, and Yanovski, B (2019). "An analysis of systemic risk in worldwide economic sentiment indices." Empirica (2019): 1-20.

Luu, D. T.; Lux, T. and Yanovski, B. (2017). “ Structural Correlations in the Italian Overnight
Money Market: An Analysis Based on Network Configuration Models” Entropy, 19(6), 259.

Yanovski, B. and Franke, R. and (2016). “On the Long-run Equilibrium Value of Tobin’s Average
Q”. European Journal of Economics and Economic Policies 1 : 103-113.


Potsdam Institute for Climate Impact Research (PIK)
T +49 (0)331 288 2471
P.O. Box 60 12 03
14412 Potsdam