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Qaagi - Book of Why

Causes

Effects

by Bank Bailouts(passive) caused byPublic Debt Crisis

by Bank Bailouts(passive) caused by Public Debt Crisis

low growthcauseshigh public debt

But low growth can reasonably reliably be shownto causehigh public debt

by the bailout of financial institutions(passive) caused bypublic debts

of both domestic and external debt(passive) is composedPublic sector debt

of both domestic and external debt(passive) is composed Public sector debt

Noticecausemassive public debt

Costs of the financial crisis and an expensive social welfare systemwill causepublic sector debt

to rise to dangerous levels in the next few years(passive) is setPublic sector debt

the dramatic increases in spendingcould ... causedpublic debt accumulation

fiscal governmentsettingpublic debt

fiscal deficitinfluencepublic debt

public expenditure ... public revenuesleadsto public debt

of both external and domestic debt(passive) is composedPublic debt

Borrowing by the governmentleadsto public debt

The deteriorating fiscal situationcontributedto public debt

public revenuesleadsto public debt

Government orcausespublic debt

the Government(passive) had been set bypublic debt

A sharp increase in public investment financed by external commercial borrowingmay leadpublic debt

The country was running 6 - 7 % of GDP budget deficits for a few yearscausingpublic debt

spendingcontributes massivelyto the public debt

the GDPcontributingto public debt

is it growthcausespublic debt

by trade deficits which reduced their economic growth(passive) is ... caused bypublic debt

the crisiscausedpublic debt

a crisiscausedfrom public debt

the factorsinfluencingpublic debt

the factorsinfluencepublic debt

all factorsinfluencethe public debt

the recent financial crisiscausedpublic debt

by the constant rise in public debt(passive) is caused bythe public debt

by the banks(passive) caused bythe public debt

by private economic failure(passive) caused bypublic debt

Where the tax revenue has not been covering the public expenditure , the burden of the public deficit has cumulatedleadingto the public debt

budget deficitsleadingto public debt

by the financial crisis(passive) caused bypublic debt

by the financial crisis) down and(passive) caused bythe public debt

by the financial crisis)(passive) caused bythe public debt

to the crisiscontributedto the crisis

from the refusal to request and make interest - free loans pursuant to the Actresultingfrom the refusal to request and make interest - free loans pursuant to the Act

to inflationleadto inflation

a financial crisis(passive) caused bya financial crisis

the recessioncausingthe recession

to enormous loss to financial institutionsleadingto enormous loss to financial institutions

an economic crisiscan causean economic crisis

serious damagemight causeserious damage

lower growthcauseslower growth

an increase in inflationwill causean increase in inflation

from agreements with the International Mresultingfrom agreements with the International M

low growthdoes ... causelow growth

to low economic growthleadsto low economic growth

to a loss of market confidence and higher market interest ratescan leadto a loss of market confidence and higher market interest rates

to an increase in the interest rate it has to payleadsto an increase in the interest rate it has to pay

complianceinfluencingcompliance

low GDP growth ... and therefore we need to stay away from high levels of public debtcauseslow GDP growth ... and therefore we need to stay away from high levels of public debt

to higher taxes , less infrastructure and social spending , and painstakingly slow growthhas ledto higher taxes , less infrastructure and social spending , and painstakingly slow growth

in part from a larger increase in interest rates in that yearresultingin part from a larger increase in interest rates in that year

ratings firmspromptedratings firms

to a significant increase in debt servicing requirementscontributedto a significant increase in debt servicing requirements

from depression budgets and war budgetsresultingfrom depression budgets and war budgets

to increase the tax on businessespromptedto increase the tax on businesses

to its current account deficit and dependence on funds flowing in from the rest of the worldhave contributedto its current account deficit and dependence on funds flowing in from the rest of the world

among investorscausingamong investors

poverty and inequality in impoverished countriesare causingpoverty and inequality in impoverished countries

from the bailoutsresultedfrom the bailouts

complianceinfluencingcompliance

a weakening euro(passive) caused bya weakening euro

to hyperinflationleadsto hyperinflation

to inflationdoes ... contributeto inflation

of debt in the home currencycomposedof debt in the home currency

private debtledprivate debt

of external debtcomposedof external debt

in austerity policies that also slow consumption and government spendingmay resultin austerity policies that also slow consumption and government spending

the crisiscausedthe crisis

the crisis(passive) was ... caused bythe crisis

the crisiscausedthe crisis

from the governmentoriginatedfrom the government

to their total debtcontributingto their total debt

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Smart Reasoning:

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