An investigation into the European Union
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: An investigation into the European Union
Public expenditure and inflation are two important macroeconomic variables that have significant impacts on the economic growth and stability of a country or a region. In this essay, we will investigate the relationship between public expenditure and inflation in the European Union (EU) context.
First, let’s define the two concepts. Public expenditure refers to the spending by the government on goods and services such as education, healthcare, infrastructure, and defense. Inflation, on the other hand, is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of a currency.
In the EU, public expenditure is mainly financed through taxes and other revenue sources. The EU has a budget that is allocated among its member states for various purposes such as regional development, research and innovation, and agricultural subsidies. The EU also has policies that aim to regulate public expenditure of its member states such as the Stability and Growth Pact that sets limits on budget deficits and public debt levels.
The relationship between public expenditure and inflation is complex and subject to various factors. In theory, an increase in public expenditure can lead to inflation because it increases the demand for goods and services, which can cause prices to rise. However, this relationship is not always straightforward as there are various factors that can offset or amplify the impact of public expenditure on inflation.
One factor that can affect the relationship between public expenditure and inflation is the level of economic activity. When the economy is operating below its potential, an increase in public expenditure can stimulate demand and economic growth without causing inflation. This is because there is still idle capacity that can be used to produce more goods and services without increasing their prices. However, when the economy is operating at full capacity, an increase in public expenditure can lead to inflation as there is limited capacity to produce more goods and services.
Another factor that can affect the relationship between public expenditure and inflation is the composition of public expenditure. Some types of public expenditure, such as infrastructure investment, can increase the capacity of the economy to produce more goods and services without causing inflation. On the other hand, other types of public expenditure, such as subsidies, can distort the market and cause prices to rise.
In the EU context, the relationship between public expenditure and inflation has been subject to various studies and debates. One study by the European Central Bank (ECB) found that the impact of public expenditure on inflation in the EU is limited, especially in the short run. The study found that the impact of public expenditure on inflation is more significant in countries with higher inflation rates and lower institutional quality.
Another study by the International Monetary Fund (IMF) found that public expenditure in the EU has contributed to inflation in some countries, particularly those with higher budget deficits and public debt levels. The study also found that the composition of public expenditure matters, with subsidies and transfers having a more significant impact on inflation than investment in infrastructure and education.
In conclusion, the relationship between public expenditure and inflation is complex and subject to various factors. In the EU context, the impact of public expenditure on inflation is limited, especially in the short run. However, the composition of public expenditure and the level of economic activity can affect the impact of public expenditure on inflation. Policymakers need to consider these factors when designing public expenditure policies that aim to promote economic growth and stability while minimizing the risks of inflation.
An investigation into the European Union
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. |
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