Price Stability and the Policy of Deflation

J. C. R. Dow, L. A. Dicks-Mireaux, G. G. C. Routh and B. M. Swift

National Institute Economic Review, 1959, vol. 3, 16-29

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.

Date: 1959
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