Dennis Bonam


Dennis Bonam

Economic Policy and Research Division

Econometrics and Modelling Department


Short Bio

Dennis Bonam is an economist at the Econometrics and Modelling Department, which is part of the Economic Policy and Research Division of De Nederlandsche Bank. He joined DNB in 2015 after obtaining his PhD in Economics from VU University Amsterdam. In 2018, he visited the Fiscal Policies Division of the European Central Bank. His research interests cover topics on the interactions between fiscal and monetary policy, monetary unions and macroeconomic imbalances. For more information, see his personal webpage.


  • 2016 – PhD in Economics, VU University Amsterdam
  • 2011 – MSc in Business Economics, University of Amsterdam
  • 2010 – MSc in Economics, VU University Amsterdam

Research Interests

  • Macroeconomics
  • Fiscal and monetary policy
  • Monetary unions
  • DSGE models

Work in progress

Capital controls and country risk premium shocks across exchange rate regimes (with Gavin Goy and Emmanuel de Veirman)

Working Papers

Time-varying wage Phillips curves in the euro area with a new measure for labor market slack (with Jakob de Haan and Duncan van Limbergen), DNB Working Paper No. 587, February 2018



The effects of fiscal policy at the effective lower bound (with Jakob de Haan and Beau Soederhuizen), DNB Working Paper No. 565, July 2017



Generalized stability of monetary unions under regime switching in monetary and fiscal policies (Bart Hobijn), DNB Working Paper No. 524, October 2016



Publications in refereed journals

Bonam, D. and Goy, G. (2019). Home biased expectations and macroeconomic imbalances in a monetary union, Journal of Economic Dynamics and Control, 103:25-42



Bonam, D. and Lukkezen, J. (2018). Fiscal and monetary policy coordination, macroeconomic stability, and sovereign risk premia, Journal of Money, Credit and Banking, 52(2-3):581-616


Other publications


Last update: 2 mei 2019