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1959•National Institute Economic ReviewRequires access

Price Stability and the Policy of Deflation

J. C. R. Dow, Leslie Dicks-Mireaux, Guy Routh, B. M. Swift

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Abstract

From mid-1955 to mid-1958, in the words of the Economic Survey, ‘the growth in home demand had to be restrained in order to check the rise in prices and to safeguard the country's external position’. the main purpose of this article is to examine how far the Government was successful in promoting price stability through restraining demand. The second part of the article discusses the next wage round and the prospect of maintaining price stability this year.

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What this paper is about

From mid-1955 to mid-1958, in the words of the Economic Survey, ‘the growth in home demand had to be restrained in order to check the rise in prices and to safeguard the country's external position’. the main purpose of this article is to examine how far the Government was successful in promoting price stability through restraining demand. The second part of the article discusses the next wage round and the prospect of maintaining price stability this year.

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OpenAlex reports 3 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

From mid-1955 to mid-1958, in the words of the Economic Survey, ‘the growth in home demand had to be restrained in order to check the rise in prices and to safeguard the country's external position’. the main purpose of this article is to examine how far the Government was successful in promoting price stability through restraining demand. The second part of the article discusses the next wage round and the prospect of maintaining price stability this year.

Key concepts: Deflation, Economics, Price of stability, Order (exchange), Incomes policy, Position (finance), Safeguard, Stability (learning theory)

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