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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.
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.
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