Abstract
This chapter is devoted to the development of wages and prices in the Netherlands since 1945. Equally, attention will be paid to policies to control and mitigate price and wage rises. During the whole period they have risen; in the beginning moderately, later on — particularly during the first half of the nineteen seventies — much faster. The whole period has been qualified as inflationary. In this chapter the word inflation will be used to indicate a persistent positive rate of change in prices. Consistently, policymakers have tried to moderate inflation. A stable price level has been one of the declared targets of economic policy1. For an assessment of counter-inflation policy, insight is required into the determinants of wage and price movements, into the interdependences between these variables and the other targets of economic policy and into the availability of policy instruments to attain these targets.
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