Jelle Zijlstra, a Central Banker’s View: Selected Speeches and Articles(10 Financial and Monetary Policy Studies)

On 1 May 1967 Dr. J elle Zijlstra was appointed President of De Nederlandsche Bank, after an already eventful career. Following a brief spell as Professor of Economics at the Free University of Amsterdam, he began a lengthy period of ministerial service in 1952. During his cabinet years, he devised a concept which became known in the Netherlands as the' Zijl- stra norm', and which was aImed at keeping the Government's financial deficit in check. He concluded his active political career .as prime minister in 1966-1967. Dr. Zijlstra's career as a politician and central banker covered a period of nearly 30 years during which the economic scene in the N ether- lands and in the world underwent wide cyclical ups and downs and impor- tant changes of a more long-lasting nature. Successful economic recovery after the Second World War was followed by a period of rapid and rela- tively stable economic growth. However, as early as the 1960s the condi- tions for the maintenance of equilibrated expansion became less secure. These conditions were further impaired in the 1970s partly as a result of important shocks, such as the oil crises.

Table of Contents:
one. Zijlstra’s concerto grosso.- Zijlstra’s concerto grosso, Fourteen annual reports: Themes and variations (1967–1980), by Prof. Dr. C. Goedhart.- two The international monetary system.- Statement at IMF Annual Meeting, 1967.- Statement at IMF Annual Meeting, 1968.- Statement at IMF Annual Meeting, 1969.- Some aspects of international monetary reform.- International monetary reform.- The banking system and the EEC.- Reflections on international economic and monetary problems.- Speech at BIS Annual Meeting, 1974.- Statement at Joint Annual Session of the IMF and the World Bank, 1975.- The world economy and the monetary system.- Speech at BIS Annual Meeting, 1981.- three The Netherlands economic situation.- The Netherlands economy in 1976 — a stock taking.- The Netherlands economy in 1977.- The Netherlands economy after the presentation of the budget.- The construction industry in a macro-economic fix.- four General monetary reflections.- Inflation and its impact on society.- Monetary theory and monetary policy — a central banker’s view.- to ‘Schumpeter’s Vision’.- Central banking with the benefit of hindsight.- Major events in the international monetary system under the presidency of Dr. Zijlstra.