A study of the Nordic countries
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Public expenditure and inflation: A study of the Nordic countries
The Nordic countries, consisting of Denmark, Finland, Norway, Sweden, and Iceland, are known for their strong welfare states and high levels of public expenditure. However, the relationship between public expenditure and inflation in these countries is not straightforward and has been subject to debate among economists.
On the one hand, some economists argue that high levels of public expenditure can lead to inflation. This is because when the government spends a lot of money, it increases the demand for goods and services, which can push up prices. Additionally, if the government is funding its expenditure through borrowing or printing money, this can also lead to inflation. Therefore, these economists might argue that the high levels of public expenditure in the Nordic countries could be contributing to their relatively high inflation rates.
On the other hand, other economists argue that public expenditure can actually help to control inflation. This is because if the government is spending money on things like education, infrastructure, and healthcare, it can increase the economy’s productive capacity and improve the supply of goods and services. This, in turn, can help to keep prices stable and prevent inflation from spiraling out of control. Furthermore, if the government is funding its expenditure through taxes rather than borrowing or printing money, this is less likely to contribute to inflation.
So, what does the evidence say about the relationship between public expenditure and inflation in the Nordic countries? A study published in 2019 by the International Monetary Fund (IMF) looked at this question in detail. The study found that there is indeed a positive relationship between public expenditure and inflation in the Nordic countries, but that this relationship is relatively weak.
Specifically, the study found that a 1% increase in public expenditure leads to an increase in inflation of between 0.03% and 0.05%. This means that while there is some link between public expenditure and inflation in the Nordic countries, it is not a particularly strong one. Furthermore, the study found that the impact of public expenditure on inflation is stronger in countries with higher levels of government debt, which suggests that borrowing to fund public expenditure could be contributing to inflation in some cases.
However, the study also found that public expenditure can have a positive impact on economic growth in the Nordic countries. Specifically, the study found that a 1% increase in public expenditure leads to an increase in real GDP of between 0.03% and 0.10%. This suggests that while there may be some trade-off between public expenditure and inflation in the short run, in the long run, public expenditure can help to boost economic growth and improve living standards.
Overall, the relationship between public expenditure and inflation in the Nordic countries is complex and not easily summarized. While there is some evidence to suggest that high levels of public expenditure can contribute to inflation, this relationship is relatively weak. Furthermore, public expenditure can have positive effects on economic growth and living standards, which need to be taken into account when considering the trade-offs between public expenditure and inflation.
A study of the Nordic countries
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
|
|
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
|
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!! |
|
|