The connection between public expenditure and inflation in Argentina
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
The connection between public expenditure and inflation in Argentina
Argentina has a long history of high inflation rates, which have often been linked to government policies, including public expenditure. In this essay, we will explore the relationship between public expenditure and inflation in Argentina, looking at historical examples, economic theories, and current trends.
Public expenditure refers to the government’s spending on goods and services, as well as transfer payments such as pensions, welfare, and subsidies. When the government spends more money than it collects in revenue, it must borrow or print money to cover the deficit. This can lead to an increase in the money supply and, in turn, higher inflation.
Historically, Argentina has experienced high inflation rates, with periods of hyperinflation in the 1980s and 1990s. These inflationary episodes were often linked to government policies, including high public expenditure. For example, in the late 1980s, the government of President Raul Alfonsin increased public spending to finance a large deficit, leading to a surge in inflation. Similarly, in the early 1990s, the government of President Carlos Menem implemented a currency peg to the US dollar, which required tight fiscal and monetary policies to maintain. However, Menem’s government continued to spend heavily, leading to a buildup of inflationary pressures that eventually resulted in a devaluation of the peso in 2002.
Economic theories suggest that there is a relationship between public expenditure and inflation, although the strength of the relationship may vary depending on the circumstances. The monetarist theory, for example, posits that inflation is primarily a monetary phenomenon caused by an increase in the money supply. According to this theory, excessive public expenditure can lead to inflation if it is financed by the printing of money or by borrowing from the central bank. On the other hand, the Keynesian theory suggests that government spending can stimulate the economy and create jobs, leading to higher economic growth and, in some cases, higher inflation.
In recent years, Argentina has struggled with high inflation rates, with annual inflation reaching over 50% in 2019. The government of President Alberto Fernandez has implemented a range of policies to address inflation, including tight monetary policy and fiscal consolidation. However, some critics argue that the government’s efforts to reduce public expenditure have been insufficient, and that continued high levels of spending could lead to further inflationary pressures.
In conclusion, the relationship between public expenditure and inflation in Argentina is complex and multifaceted. Historical examples and economic theories suggest that excessive public expenditure can contribute to inflationary pressures, although the strength of the relationship may vary depending on the circumstances. In recent years, Argentina has struggled with high inflation rates, and the government has implemented a range of policies to address the issue. However, the effectiveness of these policies remains to be seen, and continued attention will be needed to ensure that public expenditure does not lead to unsustainable levels of inflation.
The connection between public expenditure and inflation in Argentina
RUBRIC
QUALITY OF RESPONSE |
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POOR / UNSATISFACTORY |
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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) |
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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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