id	sid	tid	token	lemma	pos
cord-031106-h1h5q9qo	1	1	key	key	JJ
cord-031106-h1h5q9qo	2	1	:	:	:
cord-031106-h1h5q9qo	2	2	cord-031106-h1h5q9qo	cord-031106-h1h5q9qo	NNP
cord-031106-h1h5q9qo	2	3	authors	author	NNS
cord-031106-h1h5q9qo	2	4	:	:	:
cord-031106-h1h5q9qo	2	5	Schivardi	Schivardi	NNS
cord-031106-h1h5q9qo	2	6	,	,	,
cord-031106-h1h5q9qo	2	7	Fabiano	Fabiano	NNP
cord-031106-h1h5q9qo	2	8	;	;	:
cord-031106-h1h5q9qo	2	9	Sette	Sette	NNP
cord-031106-h1h5q9qo	2	10	,	,	,
cord-031106-h1h5q9qo	2	11	Enrico	Enrico	NNP
cord-031106-h1h5q9qo	2	12	;	;	:
cord-031106-h1h5q9qo	2	13	Tabellini	Tabellini	NNP
cord-031106-h1h5q9qo	2	14	,	,	,
cord-031106-h1h5q9qo	2	15	Guido	Guido	NNP
cord-031106-h1h5q9qo	2	16	title	title	NN
cord-031106-h1h5q9qo	2	17	:	:	:
cord-031106-h1h5q9qo	3	1	Identifying	identify	VBG
cord-031106-h1h5q9qo	3	2	the	the	DT
cord-031106-h1h5q9qo	3	3	Real	real	JJ
cord-031106-h1h5q9qo	3	4	Effects	effect	NNS
cord-031106-h1h5q9qo	3	5	of	of	IN
cord-031106-h1h5q9qo	3	6	Zombie	Zombie	NNP
cord-031106-h1h5q9qo	3	7	Lending	Lending	NNP
cord-031106-h1h5q9qo	3	8	date	date	NN
cord-031106-h1h5q9qo	4	1	:	:	:
cord-031106-h1h5q9qo	4	2	2020	2020	CD
cord-031106-h1h5q9qo	4	3	-	-	HYPH
cord-031106-h1h5q9qo	4	4	07	07	CD
cord-031106-h1h5q9qo	4	5	-	-	HYPH
cord-031106-h1h5q9qo	4	6	07	07	CD
cord-031106-h1h5q9qo	4	7	journal	journal	NN
cord-031106-h1h5q9qo	4	8	:	:	:
cord-031106-h1h5q9qo	5	1	nan	nan	NNP
cord-031106-h1h5q9qo	5	2	DOI	DOI	NNP
cord-031106-h1h5q9qo	5	3	:	:	:
cord-031106-h1h5q9qo	6	1	10.1093	10.1093	CD
cord-031106-h1h5q9qo	6	2	/	/	SYM
cord-031106-h1h5q9qo	6	3	rcfs	rcfs	NNP
cord-031106-h1h5q9qo	6	4	/	/	SYM
cord-031106-h1h5q9qo	6	5	cfaa010	cfaa010	NNP
cord-031106-h1h5q9qo	6	6	sha	sha	NNP
cord-031106-h1h5q9qo	6	7	:	:	:
cord-031106-h1h5q9qo	6	8	f97ebfa2795051f824d45afcc9a46bca05ccf712	f97ebfa2795051f824d45afcc9a46bca05ccf712	NNP
cord-031106-h1h5q9qo	6	9	doc_id	doc_id	CD
cord-031106-h1h5q9qo	6	10	:	:	:
cord-031106-h1h5q9qo	6	11	31106	31106	CD
cord-031106-h1h5q9qo	6	12	cord_uid	cord_uid	NNS
cord-031106-h1h5q9qo	6	13	:	:	:
cord-031106-h1h5q9qo	7	1	h1h5q9qo	h1h5q9qo	NNP
cord-031106-h1h5q9qo	8	1	The	the	DT
cord-031106-h1h5q9qo	8	2	policy	policy	NN
cord-031106-h1h5q9qo	8	3	response	response	NN
cord-031106-h1h5q9qo	8	4	to	to	IN
cord-031106-h1h5q9qo	8	5	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	8	6	includes	include	VBZ
cord-031106-h1h5q9qo	8	7	the	the	DT
cord-031106-h1h5q9qo	8	8	provision	provision	NN
cord-031106-h1h5q9qo	8	9	of	of	IN
cord-031106-h1h5q9qo	8	10	credit	credit	NN
cord-031106-h1h5q9qo	8	11	guarantees	guarantee	NNS
cord-031106-h1h5q9qo	8	12	to	to	IN
cord-031106-h1h5q9qo	8	13	firms	firm	NNS
cord-031106-h1h5q9qo	8	14	,	,	,
cord-031106-h1h5q9qo	8	15	a	a	DT
cord-031106-h1h5q9qo	8	16	provision	provision	NN
cord-031106-h1h5q9qo	8	17	that	that	WDT
cord-031106-h1h5q9qo	8	18	may	may	MD
cord-031106-h1h5q9qo	8	19	generate	generate	VB
cord-031106-h1h5q9qo	8	20	zombie	zombie	NN
cord-031106-h1h5q9qo	8	21	lending	lending	NN
cord-031106-h1h5q9qo	8	22	.	.	.
cord-031106-h1h5q9qo	9	1	According	accord	VBG
cord-031106-h1h5q9qo	9	2	to	to	IN
cord-031106-h1h5q9qo	9	3	the	the	DT
cord-031106-h1h5q9qo	9	4	recent	recent	JJ
cord-031106-h1h5q9qo	9	5	literature	literature	NN
cord-031106-h1h5q9qo	9	6	,	,	,
cord-031106-h1h5q9qo	9	7	the	the	DT
cord-031106-h1h5q9qo	9	8	relative	relative	JJ
cord-031106-h1h5q9qo	9	9	performance	performance	NN
cord-031106-h1h5q9qo	9	10	of	of	IN
cord-031106-h1h5q9qo	9	11	healthy	healthy	JJ
cord-031106-h1h5q9qo	9	12	firms	firm	NNS
cord-031106-h1h5q9qo	9	13	deteriorates	deteriorate	VBZ
cord-031106-h1h5q9qo	9	14	as	as	IN
cord-031106-h1h5q9qo	9	15	the	the	DT
cord-031106-h1h5q9qo	9	16	fraction	fraction	NN
cord-031106-h1h5q9qo	9	17	of	of	IN
cord-031106-h1h5q9qo	9	18	zombies	zombie	NNS
cord-031106-h1h5q9qo	9	19	increases	increase	VBZ
cord-031106-h1h5q9qo	9	20	.	.	.
cord-031106-h1h5q9qo	10	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	10	2	argue	argue	VBP
cord-031106-h1h5q9qo	10	3	that	that	IN
cord-031106-h1h5q9qo	10	4	this	this	DT
cord-031106-h1h5q9qo	10	5	literature	literature	NN
cord-031106-h1h5q9qo	10	6	faces	face	VBZ
cord-031106-h1h5q9qo	10	7	a	a	DT
cord-031106-h1h5q9qo	10	8	serious	serious	JJ
cord-031106-h1h5q9qo	10	9	identification	identification	NN
cord-031106-h1h5q9qo	10	10	problem	problem	NN
cord-031106-h1h5q9qo	10	11	,	,	,
cord-031106-h1h5q9qo	10	12	because	because	IN
cord-031106-h1h5q9qo	10	13	firm	firm	JJ
cord-031106-h1h5q9qo	10	14	performance	performance	NN
cord-031106-h1h5q9qo	10	15	is	be	VBZ
cord-031106-h1h5q9qo	10	16	often	often	RB
cord-031106-h1h5q9qo	10	17	used	use	VBN
cord-031106-h1h5q9qo	10	18	to	to	TO
cord-031106-h1h5q9qo	10	19	define	define	VB
cord-031106-h1h5q9qo	10	20	zombies	zombie	NNS
cord-031106-h1h5q9qo	10	21	(	(	-LRB-
cord-031106-h1h5q9qo	10	22	sometimes	sometimes	RB
cord-031106-h1h5q9qo	10	23	implicitly	implicitly	RB
cord-031106-h1h5q9qo	10	24	)	)	-RRB-
cord-031106-h1h5q9qo	10	25	.	.	.
cord-031106-h1h5q9qo	11	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	11	2	show	show	VBP
cord-031106-h1h5q9qo	11	3	that	that	IN
cord-031106-h1h5q9qo	11	4	,	,	,
cord-031106-h1h5q9qo	11	5	under	under	IN
cord-031106-h1h5q9qo	11	6	general	general	JJ
cord-031106-h1h5q9qo	11	7	conditions	condition	NNS
cord-031106-h1h5q9qo	11	8	for	for	IN
cord-031106-h1h5q9qo	11	9	the	the	DT
cord-031106-h1h5q9qo	11	10	distribution	distribution	NN
cord-031106-h1h5q9qo	11	11	of	of	IN
cord-031106-h1h5q9qo	11	12	firm	firm	JJ
cord-031106-h1h5q9qo	11	13	performance	performance	NN
cord-031106-h1h5q9qo	11	14	,	,	,
cord-031106-h1h5q9qo	11	15	the	the	DT
cord-031106-h1h5q9qo	11	16	correlation	correlation	NN
cord-031106-h1h5q9qo	11	17	between	between	IN
cord-031106-h1h5q9qo	11	18	healthy	healthy	JJ
cord-031106-h1h5q9qo	11	19	firm	firm	JJ
cord-031106-h1h5q9qo	11	20	performance	performance	NN
cord-031106-h1h5q9qo	11	21	and	and	CC
cord-031106-h1h5q9qo	11	22	zombies	zombie	NNS
cord-031106-h1h5q9qo	11	23	is	be	VBZ
cord-031106-h1h5q9qo	11	24	a	a	DT
cord-031106-h1h5q9qo	11	25	mechanical	mechanical	JJ
cord-031106-h1h5q9qo	11	26	consequence	consequence	NN
cord-031106-h1h5q9qo	11	27	of	of	IN
cord-031106-h1h5q9qo	11	28	an	an	DT
cord-031106-h1h5q9qo	11	29	increase	increase	NN
cord-031106-h1h5q9qo	11	30	in	in	IN
cord-031106-h1h5q9qo	11	31	the	the	DT
cord-031106-h1h5q9qo	11	32	fraction	fraction	NN
cord-031106-h1h5q9qo	11	33	of	of	IN
cord-031106-h1h5q9qo	11	34	zombies	zombie	NNS
cord-031106-h1h5q9qo	11	35	with	with	IN
cord-031106-h1h5q9qo	11	36	no	no	DT
cord-031106-h1h5q9qo	11	37	causal	causal	JJ
cord-031106-h1h5q9qo	11	38	meaning	meaning	NN
cord-031106-h1h5q9qo	11	39	.	.	.
cord-031106-h1h5q9qo	12	1	Many	many	JJ
cord-031106-h1h5q9qo	12	2	countries	country	NNS
cord-031106-h1h5q9qo	12	3	adopted	adopt	VBD
cord-031106-h1h5q9qo	12	4	a	a	DT
cord-031106-h1h5q9qo	12	5	strict	strict	JJ
cord-031106-h1h5q9qo	12	6	lockdown	lockdown	NN
cord-031106-h1h5q9qo	12	7	policy	policy	NN
cord-031106-h1h5q9qo	12	8	to	to	TO
cord-031106-h1h5q9qo	12	9	tackle	tackle	VB
cord-031106-h1h5q9qo	12	10	the	the	DT
cord-031106-h1h5q9qo	12	11	diffusion	diffusion	NN
cord-031106-h1h5q9qo	12	12	of	of	IN
cord-031106-h1h5q9qo	12	13	the	the	DT
cord-031106-h1h5q9qo	12	14	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	12	15	pandemic	pandemic	NN
cord-031106-h1h5q9qo	12	16	,	,	,
cord-031106-h1h5q9qo	12	17	forcing	force	VBG
cord-031106-h1h5q9qo	12	18	firms	firm	NNS
cord-031106-h1h5q9qo	12	19	in	in	IN
cord-031106-h1h5q9qo	12	20	nonessential	nonessential	JJ
cord-031106-h1h5q9qo	12	21	sectors	sector	NNS
cord-031106-h1h5q9qo	12	22	to	to	TO
cord-031106-h1h5q9qo	12	23	completely	completely	RB
cord-031106-h1h5q9qo	12	24	shut	shut	VB
cord-031106-h1h5q9qo	12	25	down	down	RP
cord-031106-h1h5q9qo	12	26	operations	operation	NNS
cord-031106-h1h5q9qo	12	27	.	.	.
cord-031106-h1h5q9qo	13	1	Even	even	RB
cord-031106-h1h5q9qo	13	2	as	as	IN
cord-031106-h1h5q9qo	13	3	these	these	DT
cord-031106-h1h5q9qo	13	4	restrictions	restriction	NNS
cord-031106-h1h5q9qo	13	5	are	be	VBP
cord-031106-h1h5q9qo	13	6	lifted	lift	VBN
cord-031106-h1h5q9qo	13	7	,	,	,
cord-031106-h1h5q9qo	13	8	economic	economic	JJ
cord-031106-h1h5q9qo	13	9	activity	activity	NN
cord-031106-h1h5q9qo	13	10	is	be	VBZ
cord-031106-h1h5q9qo	13	11	bound	bind	VBN
cord-031106-h1h5q9qo	13	12	to	to	TO
cord-031106-h1h5q9qo	13	13	remain	remain	VB
cord-031106-h1h5q9qo	13	14	below	below	IN
cord-031106-h1h5q9qo	13	15	potential	potential	NN
cord-031106-h1h5q9qo	13	16	for	for	IN
cord-031106-h1h5q9qo	13	17	a	a	DT
cord-031106-h1h5q9qo	13	18	prolonged	prolonged	JJ
cord-031106-h1h5q9qo	13	19	period	period	NN
cord-031106-h1h5q9qo	13	20	of	of	IN
cord-031106-h1h5q9qo	13	21	time	time	NN
cord-031106-h1h5q9qo	13	22	in	in	IN
cord-031106-h1h5q9qo	13	23	several	several	JJ
cord-031106-h1h5q9qo	13	24	sectors	sector	NNS
cord-031106-h1h5q9qo	13	25	.	.	.
cord-031106-h1h5q9qo	14	1	Loss	loss	NN
cord-031106-h1h5q9qo	14	2	of	of	IN
cord-031106-h1h5q9qo	14	3	revenues	revenue	NNS
cord-031106-h1h5q9qo	14	4	and	and	CC
cord-031106-h1h5q9qo	14	5	lower	low	JJR
cord-031106-h1h5q9qo	14	6	productivity	productivity	NN
cord-031106-h1h5q9qo	14	7	could	could	MD
cord-031106-h1h5q9qo	14	8	push	push	VB
cord-031106-h1h5q9qo	14	9	solvent	solvent	NN
cord-031106-h1h5q9qo	14	10	but	but	CC
cord-031106-h1h5q9qo	14	11	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	14	12	firms	firm	NNS
cord-031106-h1h5q9qo	14	13	into	into	IN
cord-031106-h1h5q9qo	14	14	bankruptcy	bankruptcy	NN
cord-031106-h1h5q9qo	14	15	.	.	.
cord-031106-h1h5q9qo	15	1	The	the	DT
cord-031106-h1h5q9qo	15	2	response	response	NN
cord-031106-h1h5q9qo	15	3	of	of	IN
cord-031106-h1h5q9qo	15	4	many	many	JJ
cord-031106-h1h5q9qo	15	5	governments	government	NNS
cord-031106-h1h5q9qo	15	6	has	have	VBZ
cord-031106-h1h5q9qo	15	7	been	be	VBN
cord-031106-h1h5q9qo	15	8	to	to	TO
cord-031106-h1h5q9qo	15	9	set	set	VB
cord-031106-h1h5q9qo	15	10	up	up	RP
cord-031106-h1h5q9qo	15	11	schemes	scheme	NNS
cord-031106-h1h5q9qo	15	12	of	of	IN
cord-031106-h1h5q9qo	15	13	credit	credit	NN
cord-031106-h1h5q9qo	15	14	guarantees	guarantee	NNS
cord-031106-h1h5q9qo	15	15	for	for	IN
cord-031106-h1h5q9qo	15	16	bank	bank	NN
cord-031106-h1h5q9qo	15	17	loans	loan	NNS
cord-031106-h1h5q9qo	15	18	,	,	,
cord-031106-h1h5q9qo	15	19	particularly	particularly	RB
cord-031106-h1h5q9qo	15	20	to	to	IN
cord-031106-h1h5q9qo	15	21	small	small	JJ
cord-031106-h1h5q9qo	15	22	and	and	CC
cord-031106-h1h5q9qo	15	23	medium	medium	JJ
cord-031106-h1h5q9qo	15	24	enterprises	enterprise	NNS
cord-031106-h1h5q9qo	15	25	(	(	-LRB-
cord-031106-h1h5q9qo	15	26	SME	SME	NNP
cord-031106-h1h5q9qo	15	27	)	)	-RRB-
cord-031106-h1h5q9qo	15	28	.	.	.
cord-031106-h1h5q9qo	16	1	According	accord	VBG
cord-031106-h1h5q9qo	16	2	to	to	IN
cord-031106-h1h5q9qo	16	3	an	an	DT
cord-031106-h1h5q9qo	16	4	OECD	OECD	NNP
cord-031106-h1h5q9qo	16	5	report	report	NN
cord-031106-h1h5q9qo	16	6	,	,	,
cord-031106-h1h5q9qo	16	7	as	as	IN
cord-031106-h1h5q9qo	16	8	of	of	IN
cord-031106-h1h5q9qo	16	9	April	April	NNP
cord-031106-h1h5q9qo	16	10	20	20	CD
cord-031106-h1h5q9qo	16	11	,	,	,
cord-031106-h1h5q9qo	16	12	2020	2020	CD
cord-031106-h1h5q9qo	16	13	,	,	,
cord-031106-h1h5q9qo	16	14	52	52	CD
cord-031106-h1h5q9qo	16	15	of	of	IN
cord-031106-h1h5q9qo	16	16	the	the	DT
cord-031106-h1h5q9qo	16	17	54	54	CD
cord-031106-h1h5q9qo	16	18	countries	country	NNS
cord-031106-h1h5q9qo	16	19	considered	consider	VBN
cord-031106-h1h5q9qo	16	20	had	have	VBD
cord-031106-h1h5q9qo	16	21	set	set	VBN
cord-031106-h1h5q9qo	16	22	up	up	RP
cord-031106-h1h5q9qo	16	23	some	some	DT
cord-031106-h1h5q9qo	16	24	form	form	NN
cord-031106-h1h5q9qo	16	25	of	of	IN
cord-031106-h1h5q9qo	16	26	government	government	NN
cord-031106-h1h5q9qo	16	27	-	-	HYPH
cord-031106-h1h5q9qo	16	28	provided	provide	VBN
cord-031106-h1h5q9qo	16	29	financial	financial	JJ
cord-031106-h1h5q9qo	16	30	support	support	NN
cord-031106-h1h5q9qo	16	31	for	for	IN
cord-031106-h1h5q9qo	16	32	small	small	JJ
cord-031106-h1h5q9qo	16	33	-	-	HYPH
cord-031106-h1h5q9qo	16	34	and	and	CC
cord-031106-h1h5q9qo	16	35	medium	medium	JJ
cord-031106-h1h5q9qo	16	36	-	-	HYPH
cord-031106-h1h5q9qo	16	37	sized	sized	JJ
cord-031106-h1h5q9qo	16	38	enterprises	enterprise	NNS
cord-031106-h1h5q9qo	16	39	(	(	-LRB-
cord-031106-h1h5q9qo	16	40	SMEs	sme	NNS
cord-031106-h1h5q9qo	16	41	)	)	-RRB-
cord-031106-h1h5q9qo	16	42	(	(	-LRB-
cord-031106-h1h5q9qo	16	43	see	see	VB
cord-031106-h1h5q9qo	16	44	OECD	OECD	NNP
cord-031106-h1h5q9qo	16	45	2020	2020	CD
cord-031106-h1h5q9qo	16	46	,	,	,
cord-031106-h1h5q9qo	16	47	table	table	NN
cord-031106-h1h5q9qo	16	48	3	3	CD
cord-031106-h1h5q9qo	16	49	)	)	-RRB-
cord-031106-h1h5q9qo	16	50	.	.	.
cord-031106-h1h5q9qo	17	1	Clearly	clearly	RB
cord-031106-h1h5q9qo	17	2	,	,	,
cord-031106-h1h5q9qo	17	3	avoiding	avoid	VBG
cord-031106-h1h5q9qo	17	4	the	the	DT
cord-031106-h1h5q9qo	17	5	bankruptcy	bankruptcy	NN
cord-031106-h1h5q9qo	17	6	of	of	IN
cord-031106-h1h5q9qo	17	7	solvent	solvent	NN
cord-031106-h1h5q9qo	17	8	firms	firm	NNS
cord-031106-h1h5q9qo	17	9	due	due	JJ
cord-031106-h1h5q9qo	17	10	to	to	IN
cord-031106-h1h5q9qo	17	11	liquidity	liquidity	NN
cord-031106-h1h5q9qo	17	12	shortages	shortage	NNS
cord-031106-h1h5q9qo	17	13	is	be	VBZ
cord-031106-h1h5q9qo	17	14	the	the	DT
cord-031106-h1h5q9qo	17	15	right	right	JJ
cord-031106-h1h5q9qo	17	16	thing	thing	NN
cord-031106-h1h5q9qo	17	17	to	to	TO
cord-031106-h1h5q9qo	17	18	do	do	VB
cord-031106-h1h5q9qo	17	19	in	in	IN
cord-031106-h1h5q9qo	17	20	the	the	DT
cord-031106-h1h5q9qo	17	21	acute	acute	JJ
cord-031106-h1h5q9qo	17	22	phase	phase	NN
cord-031106-h1h5q9qo	17	23	of	of	IN
cord-031106-h1h5q9qo	17	24	the	the	DT
cord-031106-h1h5q9qo	17	25	crisis	crisis	NN
cord-031106-h1h5q9qo	17	26	.	.	.
cord-031106-h1h5q9qo	18	1	However	however	RB
cord-031106-h1h5q9qo	18	2	,	,	,
cord-031106-h1h5q9qo	18	3	the	the	DT
cord-031106-h1h5q9qo	18	4	need	need	NN
cord-031106-h1h5q9qo	18	5	to	to	TO
cord-031106-h1h5q9qo	18	6	act	act	VB
cord-031106-h1h5q9qo	18	7	fast	fast	RB
cord-031106-h1h5q9qo	18	8	,	,	,
cord-031106-h1h5q9qo	18	9	the	the	DT
cord-031106-h1h5q9qo	18	10	reduction	reduction	NN
cord-031106-h1h5q9qo	18	11	in	in	IN
cord-031106-h1h5q9qo	18	12	incentives	incentive	NNS
cord-031106-h1h5q9qo	18	13	to	to	TO
cord-031106-h1h5q9qo	18	14	screen	screen	NN
cord-031106-h1h5q9qo	18	15	borrowers	borrower	NNS
cord-031106-h1h5q9qo	18	16	created	create	VBN
cord-031106-h1h5q9qo	18	17	by	by	IN
cord-031106-h1h5q9qo	18	18	the	the	DT
cord-031106-h1h5q9qo	18	19	government	government	NN
cord-031106-h1h5q9qo	18	20	guarantees	guarantee	VBZ
cord-031106-h1h5q9qo	18	21	,	,	,
cord-031106-h1h5q9qo	18	22	and	and	CC
cord-031106-h1h5q9qo	18	23	the	the	DT
cord-031106-h1h5q9qo	18	24	large	large	JJ
cord-031106-h1h5q9qo	18	25	number	number	NN
cord-031106-h1h5q9qo	18	26	of	of	IN
cord-031106-h1h5q9qo	18	27	applications	application	NNS
cord-031106-h1h5q9qo	18	28	received	receive	VBN
cord-031106-h1h5q9qo	18	29	by	by	IN
cord-031106-h1h5q9qo	18	30	banks	bank	NNS
cord-031106-h1h5q9qo	18	31	may	may	MD
cord-031106-h1h5q9qo	18	32	lead	lead	VB
cord-031106-h1h5q9qo	18	33	to	to	IN
cord-031106-h1h5q9qo	18	34	a	a	DT
cord-031106-h1h5q9qo	18	35	substantial	substantial	JJ
cord-031106-h1h5q9qo	18	36	amount	amount	NN
cord-031106-h1h5q9qo	18	37	of	of	IN
cord-031106-h1h5q9qo	18	38	funds	fund	NNS
cord-031106-h1h5q9qo	18	39	flowing	flow	VBG
cord-031106-h1h5q9qo	18	40	to	to	IN
cord-031106-h1h5q9qo	18	41	weak	weak	JJ
cord-031106-h1h5q9qo	18	42	firms	firm	NNS
cord-031106-h1h5q9qo	18	43	,	,	,
cord-031106-h1h5q9qo	18	44	aka	aka	RB
cord-031106-h1h5q9qo	18	45	the	the	DT
cord-031106-h1h5q9qo	18	46	"	"	``
cord-031106-h1h5q9qo	18	47	zombies	zombie	NNS
cord-031106-h1h5q9qo	18	48	.	.	.
cord-031106-h1h5q9qo	18	49	"	"	''
cord-031106-h1h5q9qo	19	1	In	in	IN
cord-031106-h1h5q9qo	19	2	a	a	DT
cord-031106-h1h5q9qo	19	3	seminal	seminal	JJ
cord-031106-h1h5q9qo	19	4	paper	paper	NN
cord-031106-h1h5q9qo	19	5	on	on	IN
cord-031106-h1h5q9qo	19	6	the	the	DT
cord-031106-h1h5q9qo	19	7	1990s	1990s	CD
cord-031106-h1h5q9qo	20	1	Japanese	japanese	JJ
cord-031106-h1h5q9qo	20	2	stagnation	stagnation	NN
cord-031106-h1h5q9qo	20	3	,	,	,
cord-031106-h1h5q9qo	20	4	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	20	5	,	,	,
cord-031106-h1h5q9qo	20	6	Hoshi	Hoshi	NNP
cord-031106-h1h5q9qo	20	7	&	&	CC
cord-031106-h1h5q9qo	20	8	Kashyap	Kashyap	NNP
cord-031106-h1h5q9qo	20	9	(	(	-LRB-
cord-031106-h1h5q9qo	20	10	2008	2008	CD
cord-031106-h1h5q9qo	20	11	)	)	-RRB-
cord-031106-h1h5q9qo	20	12	argue	argue	VBP
cord-031106-h1h5q9qo	20	13	that	that	IN
cord-031106-h1h5q9qo	20	14	zombie	zombie	NN
cord-031106-h1h5q9qo	20	15	lending	lending	NN
cord-031106-h1h5q9qo	20	16	reduces	reduce	VBZ
cord-031106-h1h5q9qo	20	17	restructuring	restructuring	NN
cord-031106-h1h5q9qo	20	18	and	and	CC
cord-031106-h1h5q9qo	20	19	delays	delay	NNS
cord-031106-h1h5q9qo	20	20	recovery	recovery	NN
cord-031106-h1h5q9qo	20	21	because	because	IN
cord-031106-h1h5q9qo	20	22	it	-PRON-	PRP
cord-031106-h1h5q9qo	20	23	impedes	impede	VBZ
cord-031106-h1h5q9qo	20	24	reallocation	reallocation	NN
cord-031106-h1h5q9qo	20	25	of	of	IN
cord-031106-h1h5q9qo	20	26	assets	asset	NNS
cord-031106-h1h5q9qo	20	27	from	from	IN
cord-031106-h1h5q9qo	20	28	low	low	JJ
cord-031106-h1h5q9qo	20	29	productivity	productivity	NN
cord-031106-h1h5q9qo	20	30	uses	use	VBZ
cord-031106-h1h5q9qo	20	31	(	(	-LRB-
cord-031106-h1h5q9qo	20	32	the	the	DT
cord-031106-h1h5q9qo	20	33	zombies	zombie	NNS
cord-031106-h1h5q9qo	20	34	)	)	-RRB-
cord-031106-h1h5q9qo	20	35	to	to	IN
cord-031106-h1h5q9qo	20	36	high	high	JJ
cord-031106-h1h5q9qo	20	37	productivity	productivity	NN
cord-031106-h1h5q9qo	20	38	uses	use	NNS
cord-031106-h1h5q9qo	20	39	(	(	-LRB-
cord-031106-h1h5q9qo	20	40	the	the	DT
cord-031106-h1h5q9qo	20	41	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	20	42	)	)	-RRB-
cord-031106-h1h5q9qo	20	43	,	,	,
cord-031106-h1h5q9qo	20	44	increasing	increase	VBG
cord-031106-h1h5q9qo	20	45	misallocation	misallocation	NN
cord-031106-h1h5q9qo	20	46	(	(	-LRB-
cord-031106-h1h5q9qo	20	47	Hsieh	Hsieh	NNP
cord-031106-h1h5q9qo	20	48	&	&	CC
cord-031106-h1h5q9qo	20	49	Klenow	Klenow	NNP
cord-031106-h1h5q9qo	20	50	2009	2009	CD
cord-031106-h1h5q9qo	20	51	)	)	-RRB-
cord-031106-h1h5q9qo	20	52	.	.	.
cord-031106-h1h5q9qo	21	1	Zombie	zombie	NN
cord-031106-h1h5q9qo	21	2	lending	lending	NN
cord-031106-h1h5q9qo	21	3	can	can	MD
cord-031106-h1h5q9qo	21	4	hurt	hurt	VB
cord-031106-h1h5q9qo	21	5	healthy	healthy	JJ
cord-031106-h1h5q9qo	21	6	firms	firm	NNS
cord-031106-h1h5q9qo	21	7	in	in	IN
cord-031106-h1h5q9qo	21	8	two	two	CD
cord-031106-h1h5q9qo	21	9	ways	way	NNS
cord-031106-h1h5q9qo	21	10	:	:	:
cord-031106-h1h5q9qo	21	11	first	first	RB
cord-031106-h1h5q9qo	21	12	,	,	,
cord-031106-h1h5q9qo	21	13	it	-PRON-	PRP
cord-031106-h1h5q9qo	21	14	reduces	reduce	VBZ
cord-031106-h1h5q9qo	21	15	the	the	DT
cord-031106-h1h5q9qo	21	16	flow	flow	NN
cord-031106-h1h5q9qo	21	17	of	of	IN
cord-031106-h1h5q9qo	21	18	bank	bank	NN
cord-031106-h1h5q9qo	21	19	credit	credit	NN
cord-031106-h1h5q9qo	21	20	that	that	WDT
cord-031106-h1h5q9qo	21	21	is	be	VBZ
cord-031106-h1h5q9qo	21	22	available	available	JJ
cord-031106-h1h5q9qo	21	23	to	to	IN
cord-031106-h1h5q9qo	21	24	healthy	healthy	JJ
cord-031106-h1h5q9qo	21	25	firms	firm	NNS
cord-031106-h1h5q9qo	21	26	if	if	IN
cord-031106-h1h5q9qo	21	27	credit	credit	NN
cord-031106-h1h5q9qo	21	28	supply	supply	NN
cord-031106-h1h5q9qo	21	29	is	be	VBZ
cord-031106-h1h5q9qo	21	30	limited	limit	VBN
cord-031106-h1h5q9qo	21	31	;	;	:
cord-031106-h1h5q9qo	21	32	second	second	RB
cord-031106-h1h5q9qo	21	33	,	,	,
cord-031106-h1h5q9qo	21	34	lending	lend	VBG
cord-031106-h1h5q9qo	21	35	to	to	IN
cord-031106-h1h5q9qo	21	36	nonviable	nonviable	JJ
cord-031106-h1h5q9qo	21	37	firms	firm	NNS
cord-031106-h1h5q9qo	21	38	is	be	VBZ
cord-031106-h1h5q9qo	21	39	equivalent	equivalent	JJ
cord-031106-h1h5q9qo	21	40	to	to	IN
cord-031106-h1h5q9qo	21	41	offering	offer	VBG
cord-031106-h1h5q9qo	21	42	subsidies	subsidy	NNS
cord-031106-h1h5q9qo	21	43	that	that	WDT
cord-031106-h1h5q9qo	21	44	hurt	hurt	VBP
cord-031106-h1h5q9qo	21	45	their	-PRON-	PRP$
cord-031106-h1h5q9qo	21	46	healthy	healthy	JJ
cord-031106-h1h5q9qo	21	47	competitors	competitor	NNS
cord-031106-h1h5q9qo	21	48	in	in	IN
cord-031106-h1h5q9qo	21	49	the	the	DT
cord-031106-h1h5q9qo	21	50	product	product	NN
cord-031106-h1h5q9qo	21	51	and	and	CC
cord-031106-h1h5q9qo	21	52	input	input	NN
cord-031106-h1h5q9qo	21	53	markets	market	NNS
cord-031106-h1h5q9qo	21	54	.	.	.
cord-031106-h1h5q9qo	22	1	While	while	IN
cord-031106-h1h5q9qo	22	2	extensive	extensive	JJ
cord-031106-h1h5q9qo	22	3	and	and	CC
cord-031106-h1h5q9qo	22	4	indiscriminate	indiscriminate	JJ
cord-031106-h1h5q9qo	22	5	lending	lending	NN
cord-031106-h1h5q9qo	22	6	might	may	MD
cord-031106-h1h5q9qo	22	7	be	be	VB
cord-031106-h1h5q9qo	22	8	a	a	DT
cord-031106-h1h5q9qo	22	9	sensible	sensible	JJ
cord-031106-h1h5q9qo	22	10	response	response	NN
cord-031106-h1h5q9qo	22	11	in	in	IN
cord-031106-h1h5q9qo	22	12	the	the	DT
cord-031106-h1h5q9qo	22	13	acute	acute	JJ
cord-031106-h1h5q9qo	22	14	phase	phase	NN
cord-031106-h1h5q9qo	22	15	of	of	IN
cord-031106-h1h5q9qo	22	16	the	the	DT
cord-031106-h1h5q9qo	22	17	crisis	crisis	NN
cord-031106-h1h5q9qo	22	18	,	,	,
cord-031106-h1h5q9qo	22	19	zombie	zombie	NN
cord-031106-h1h5q9qo	22	20	lending	lending	NN
cord-031106-h1h5q9qo	22	21	arising	arise	VBG
cord-031106-h1h5q9qo	22	22	as	as	IN
cord-031106-h1h5q9qo	22	23	a	a	DT
cord-031106-h1h5q9qo	22	24	consequence	consequence	NN
cord-031106-h1h5q9qo	22	25	of	of	IN
cord-031106-h1h5q9qo	22	26	the	the	DT
cord-031106-h1h5q9qo	22	27	credit	credit	NN
cord-031106-h1h5q9qo	22	28	guarantees	guarantee	NNS
cord-031106-h1h5q9qo	22	29	might	may	MD
cord-031106-h1h5q9qo	22	30	slow	slow	VB
cord-031106-h1h5q9qo	22	31	recovery	recovery	NN
cord-031106-h1h5q9qo	22	32	during	during	IN
cord-031106-h1h5q9qo	22	33	the	the	DT
cord-031106-h1h5q9qo	22	34	economic	economic	JJ
cord-031106-h1h5q9qo	22	35	healing	healing	NN
cord-031106-h1h5q9qo	22	36	process	process	NN
cord-031106-h1h5q9qo	22	37	.	.	.
cord-031106-h1h5q9qo	23	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	23	2	is	be	VBZ
cord-031106-h1h5q9qo	23	3	therefore	therefore	RB
cord-031106-h1h5q9qo	23	4	important	important	JJ
cord-031106-h1h5q9qo	23	5	to	to	TO
cord-031106-h1h5q9qo	23	6	assess	assess	VB
cord-031106-h1h5q9qo	23	7	whether	whether	IN
cord-031106-h1h5q9qo	23	8	zombie	zombie	NN
cord-031106-h1h5q9qo	23	9	lending	lending	NN
cord-031106-h1h5q9qo	23	10	will	will	MD
cord-031106-h1h5q9qo	23	11	be	be	VB
cord-031106-h1h5q9qo	23	12	a	a	DT
cord-031106-h1h5q9qo	23	13	problem	problem	NN
cord-031106-h1h5q9qo	23	14	during	during	IN
cord-031106-h1h5q9qo	23	15	the	the	DT
cord-031106-h1h5q9qo	23	16	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	23	17	crisis	crisis	NN
cord-031106-h1h5q9qo	23	18	.	.	.
cord-031106-h1h5q9qo	24	1	The	the	DT
cord-031106-h1h5q9qo	24	2	unprecedented	unprecedented	JJ
cord-031106-h1h5q9qo	24	3	nature	nature	NN
cord-031106-h1h5q9qo	24	4	of	of	IN
cord-031106-h1h5q9qo	24	5	the	the	DT
cord-031106-h1h5q9qo	24	6	crisis	crisis	NN
cord-031106-h1h5q9qo	24	7	makes	make	VBZ
cord-031106-h1h5q9qo	24	8	it	-PRON-	PRP
cord-031106-h1h5q9qo	24	9	difficult	difficult	JJ
cord-031106-h1h5q9qo	24	10	to	to	TO
cord-031106-h1h5q9qo	24	11	draw	draw	VB
cord-031106-h1h5q9qo	24	12	lessons	lesson	NNS
cord-031106-h1h5q9qo	24	13	from	from	IN
cord-031106-h1h5q9qo	24	14	the	the	DT
cord-031106-h1h5q9qo	24	15	past	past	NN
cord-031106-h1h5q9qo	24	16	.	.	.
cord-031106-h1h5q9qo	25	1	Yet	yet	RB
cord-031106-h1h5q9qo	25	2	,	,	,
cord-031106-h1h5q9qo	25	3	the	the	DT
cord-031106-h1h5q9qo	25	4	experience	experience	NN
cord-031106-h1h5q9qo	25	5	of	of	IN
cord-031106-h1h5q9qo	25	6	the	the	DT
cord-031106-h1h5q9qo	25	7	recent	recent	JJ
cord-031106-h1h5q9qo	25	8	financial	financial	JJ
cord-031106-h1h5q9qo	25	9	crisis	crisis	NN
cord-031106-h1h5q9qo	25	10	in	in	IN
cord-031106-h1h5q9qo	25	11	Europe	Europe	NNP
cord-031106-h1h5q9qo	25	12	offers	offer	VBZ
cord-031106-h1h5q9qo	25	13	some	some	DT
cord-031106-h1h5q9qo	25	14	guidance	guidance	NN
cord-031106-h1h5q9qo	25	15	on	on	IN
cord-031106-h1h5q9qo	25	16	how	how	WRB
cord-031106-h1h5q9qo	25	17	to	to	TO
cord-031106-h1h5q9qo	25	18	test	test	VB
cord-031106-h1h5q9qo	25	19	the	the	DT
cord-031106-h1h5q9qo	25	20	effects	effect	NNS
cord-031106-h1h5q9qo	25	21	of	of	IN
cord-031106-h1h5q9qo	25	22	zombie	zombie	NN
cord-031106-h1h5q9qo	25	23	lending	lending	NN
cord-031106-h1h5q9qo	25	24	on	on	IN
cord-031106-h1h5q9qo	25	25	healthy	healthy	JJ
cord-031106-h1h5q9qo	25	26	firms	firm	NNS
cord-031106-h1h5q9qo	25	27	.	.	.
cord-031106-h1h5q9qo	26	1	A	a	DT
cord-031106-h1h5q9qo	26	2	recent	recent	JJ
cord-031106-h1h5q9qo	26	3	literature	literature	NN
cord-031106-h1h5q9qo	26	4	documents	document	NNS
cord-031106-h1h5q9qo	26	5	that	that	IN
cord-031106-h1h5q9qo	26	6	when	when	WRB
cord-031106-h1h5q9qo	26	7	banks	bank	NNS
cord-031106-h1h5q9qo	26	8	have	have	VBP
cord-031106-h1h5q9qo	26	9	a	a	DT
cord-031106-h1h5q9qo	26	10	weak	weak	JJ
cord-031106-h1h5q9qo	26	11	capital	capital	NN
cord-031106-h1h5q9qo	26	12	structure	structure	NN
cord-031106-h1h5q9qo	26	13	,	,	,
cord-031106-h1h5q9qo	26	14	they	-PRON-	PRP
cord-031106-h1h5q9qo	26	15	tend	tend	VBP
cord-031106-h1h5q9qo	26	16	to	to	TO
cord-031106-h1h5q9qo	26	17	engage	engage	VB
cord-031106-h1h5q9qo	26	18	in	in	IN
cord-031106-h1h5q9qo	26	19	zombie	zombie	NN
cord-031106-h1h5q9qo	26	20	lending	lending	NN
cord-031106-h1h5q9qo	26	21	to	to	TO
cord-031106-h1h5q9qo	26	22	avoid	avoid	VB
cord-031106-h1h5q9qo	26	23	provisioning	provision	VBG
cord-031106-h1h5q9qo	26	24	and	and	CC
cord-031106-h1h5q9qo	26	25	raising	raise	VBG
cord-031106-h1h5q9qo	26	26	capital	capital	NN
cord-031106-h1h5q9qo	26	27	.	.	.
cord-031106-h1h5q9qo	27	1	Consequently	consequently	RB
cord-031106-h1h5q9qo	27	2	,	,	,
cord-031106-h1h5q9qo	27	3	zombie	zombie	NN
cord-031106-h1h5q9qo	27	4	lending	lending	NN
cord-031106-h1h5q9qo	27	5	is	be	VBZ
cord-031106-h1h5q9qo	27	6	the	the	DT
cord-031106-h1h5q9qo	27	7	subject	subject	NN
cord-031106-h1h5q9qo	27	8	of	of	IN
cord-031106-h1h5q9qo	27	9	a	a	DT
cord-031106-h1h5q9qo	27	10	growing	grow	VBG
cord-031106-h1h5q9qo	27	11	number	number	NN
cord-031106-h1h5q9qo	27	12	of	of	IN
cord-031106-h1h5q9qo	27	13	papers	paper	NNS
cord-031106-h1h5q9qo	27	14	studying	study	VBG
cord-031106-h1h5q9qo	27	15	the	the	DT
cord-031106-h1h5q9qo	27	16	European	european	JJ
cord-031106-h1h5q9qo	27	17	financial	financial	JJ
cord-031106-h1h5q9qo	27	18	and	and	CC
cord-031106-h1h5q9qo	27	19	sovereign	sovereign	JJ
cord-031106-h1h5q9qo	27	20	debt	debt	NN
cord-031106-h1h5q9qo	27	21	crisis	crisis	NN
cord-031106-h1h5q9qo	27	22	(	(	-LRB-
cord-031106-h1h5q9qo	27	23	see	see	VB
cord-031106-h1h5q9qo	27	24	,	,	,
cord-031106-h1h5q9qo	27	25	e.g.	e.g.	RB
cord-031106-h1h5q9qo	27	26	,	,	,
cord-031106-h1h5q9qo	27	27	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	27	28	,	,	,
cord-031106-h1h5q9qo	27	29	Eisert	Eisert	NNP
cord-031106-h1h5q9qo	27	30	,	,	,
cord-031106-h1h5q9qo	27	31	Eufinger	Eufinger	NNP
cord-031106-h1h5q9qo	27	32	&	&	CC
cord-031106-h1h5q9qo	27	33	Hirsch	Hirsch	NNP
cord-031106-h1h5q9qo	27	34	2019	2019	CD
cord-031106-h1h5q9qo	27	35	,	,	,
cord-031106-h1h5q9qo	27	36	McGowan	McGowan	NNP
cord-031106-h1h5q9qo	27	37	,	,	,
cord-031106-h1h5q9qo	27	38	Andrews	Andrews	NNP
cord-031106-h1h5q9qo	27	39	&	&	CC
cord-031106-h1h5q9qo	27	40	Millot	Millot	NNP
cord-031106-h1h5q9qo	27	41	2018	2018	CD
cord-031106-h1h5q9qo	27	42	,	,	,
cord-031106-h1h5q9qo	27	43	Schivardi	Schivardi	NNPS
cord-031106-h1h5q9qo	27	44	,	,	,
cord-031106-h1h5q9qo	27	45	Sette	Sette	NNP
cord-031106-h1h5q9qo	27	46	&	&	CC
cord-031106-h1h5q9qo	27	47	Tabellini	Tabellini	NNP
cord-031106-h1h5q9qo	27	48	2019	2019	CD
cord-031106-h1h5q9qo	27	49	,	,	,
cord-031106-h1h5q9qo	27	50	Storz	Storz	NNP
cord-031106-h1h5q9qo	27	51	,	,	,
cord-031106-h1h5q9qo	27	52	Koetter	Koetter	NNP
cord-031106-h1h5q9qo	27	53	,	,	,
cord-031106-h1h5q9qo	27	54	Setzer	Setzer	NNP
cord-031106-h1h5q9qo	27	55	&	&	CC
cord-031106-h1h5q9qo	27	56	Westphal	Westphal	NNP
cord-031106-h1h5q9qo	27	57	2017	2017	CD
cord-031106-h1h5q9qo	27	58	,	,	,
cord-031106-h1h5q9qo	27	59	Blattner	Blattner	NNP
cord-031106-h1h5q9qo	27	60	,	,	,
cord-031106-h1h5q9qo	27	61	Farinha	Farinha	NNP
cord-031106-h1h5q9qo	27	62	&	&	CC
cord-031106-h1h5q9qo	27	63	Rebelo	Rebelo	NNP
cord-031106-h1h5q9qo	27	64	2018	2018	CD
cord-031106-h1h5q9qo	27	65	,	,	,
cord-031106-h1h5q9qo	27	66	Anderson	Anderson	NNP
cord-031106-h1h5q9qo	27	67	,	,	,
cord-031106-h1h5q9qo	27	68	Riley	Riley	NNP
cord-031106-h1h5q9qo	27	69	&	&	CC
cord-031106-h1h5q9qo	27	70	Young	Young	NNP
cord-031106-h1h5q9qo	27	71	2019	2019	CD
cord-031106-h1h5q9qo	27	72	.	.	.
cord-031106-h1h5q9qo	28	1	In	in	IN
cord-031106-h1h5q9qo	28	2	line	line	NN
cord-031106-h1h5q9qo	28	3	with	with	IN
cord-031106-h1h5q9qo	28	4	the	the	DT
cord-031106-h1h5q9qo	28	5	results	result	NNS
cord-031106-h1h5q9qo	28	6	of	of	IN
cord-031106-h1h5q9qo	28	7	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	28	8	et	et	NNP
cord-031106-h1h5q9qo	28	9	al	al	NNP
cord-031106-h1h5q9qo	28	10	.	.	.
cord-031106-h1h5q9qo	29	1	(	(	-LRB-
cord-031106-h1h5q9qo	29	2	2008	2008	CD
cord-031106-h1h5q9qo	29	3	)	)	-RRB-
cord-031106-h1h5q9qo	29	4	,	,	,
cord-031106-h1h5q9qo	29	5	most	most	RBS
cord-031106-h1h5q9qo	29	6	(	(	-LRB-
cord-031106-h1h5q9qo	29	7	but	but	CC
cord-031106-h1h5q9qo	29	8	not	not	RB
cord-031106-h1h5q9qo	29	9	all	all	DT
cord-031106-h1h5q9qo	29	10	)	)	-RRB-
cord-031106-h1h5q9qo	29	11	of	of	IN
cord-031106-h1h5q9qo	29	12	these	these	DT
cord-031106-h1h5q9qo	29	13	papers	paper	NNS
cord-031106-h1h5q9qo	29	14	conclude	conclude	VBP
cord-031106-h1h5q9qo	29	15	that	that	IN
cord-031106-h1h5q9qo	29	16	a	a	DT
cord-031106-h1h5q9qo	29	17	larger	large	JJR
cord-031106-h1h5q9qo	29	18	presence	presence	NN
cord-031106-h1h5q9qo	29	19	of	of	IN
cord-031106-h1h5q9qo	29	20	zombies	zombie	NNS
cord-031106-h1h5q9qo	29	21	hurts	hurt	VBZ
cord-031106-h1h5q9qo	29	22	healthy	healthy	JJ
cord-031106-h1h5q9qo	29	23	firms	firm	NNS
cord-031106-h1h5q9qo	29	24	and	and	CC
cord-031106-h1h5q9qo	29	25	slows	slow	VBZ
cord-031106-h1h5q9qo	29	26	recovery	recovery	NN
cord-031106-h1h5q9qo	29	27	.	.	.
cord-031106-h1h5q9qo	30	1	Compared	compare	VBN
cord-031106-h1h5q9qo	30	2	to	to	IN
cord-031106-h1h5q9qo	30	3	the	the	DT
cord-031106-h1h5q9qo	30	4	2008	2008	CD
cord-031106-h1h5q9qo	30	5	-	-	SYM
cord-031106-h1h5q9qo	30	6	2009	2009	CD
cord-031106-h1h5q9qo	30	7	financial	financial	JJ
cord-031106-h1h5q9qo	30	8	crisis	crisis	NN
cord-031106-h1h5q9qo	30	9	and	and	CC
cord-031106-h1h5q9qo	30	10	the	the	DT
cord-031106-h1h5q9qo	30	11	2011	2011	CD
cord-031106-h1h5q9qo	30	12	-	-	SYM
cord-031106-h1h5q9qo	30	13	2012	2012	CD
cord-031106-h1h5q9qo	30	14	sovereign	sovereign	JJ
cord-031106-h1h5q9qo	30	15	debt	debt	NN
cord-031106-h1h5q9qo	30	16	crisis	crisis	NN
cord-031106-h1h5q9qo	30	17	,	,	,
cord-031106-h1h5q9qo	30	18	the	the	DT
cord-031106-h1h5q9qo	30	19	banking	banking	NN
cord-031106-h1h5q9qo	30	20	sector	sector	NN
cord-031106-h1h5q9qo	30	21	in	in	IN
cord-031106-h1h5q9qo	30	22	most	most	JJS
cord-031106-h1h5q9qo	30	23	countries	country	NNS
cord-031106-h1h5q9qo	30	24	was	be	VBD
cord-031106-h1h5q9qo	30	25	in	in	IN
cord-031106-h1h5q9qo	30	26	a	a	DT
cord-031106-h1h5q9qo	30	27	much	much	RB
cord-031106-h1h5q9qo	30	28	better	well	JJR
cord-031106-h1h5q9qo	30	29	condition	condition	NN
cord-031106-h1h5q9qo	30	30	at	at	IN
cord-031106-h1h5q9qo	30	31	the	the	DT
cord-031106-h1h5q9qo	30	32	outset	outset	NN
cord-031106-h1h5q9qo	30	33	of	of	IN
cord-031106-h1h5q9qo	30	34	the	the	DT
cord-031106-h1h5q9qo	30	35	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	30	36	crisis	crisis	NN
cord-031106-h1h5q9qo	30	37	.	.	.
cord-031106-h1h5q9qo	31	1	One	one	PRP
cord-031106-h1h5q9qo	31	2	could	could	MD
cord-031106-h1h5q9qo	31	3	therefore	therefore	RB
cord-031106-h1h5q9qo	31	4	argue	argue	VB
cord-031106-h1h5q9qo	31	5	that	that	IN
cord-031106-h1h5q9qo	31	6	nowadays	nowadays	RB
cord-031106-h1h5q9qo	31	7	,	,	,
cord-031106-h1h5q9qo	31	8	zombie	zombie	NN
cord-031106-h1h5q9qo	31	9	lending	lending	NN
cord-031106-h1h5q9qo	31	10	should	should	MD
cord-031106-h1h5q9qo	31	11	not	not	RB
cord-031106-h1h5q9qo	31	12	arise	arise	VB
cord-031106-h1h5q9qo	31	13	.	.	.
cord-031106-h1h5q9qo	32	1	However	however	RB
cord-031106-h1h5q9qo	32	2	,	,	,
cord-031106-h1h5q9qo	32	3	other	other	JJ
cord-031106-h1h5q9qo	32	4	mechanisms	mechanism	NNS
cord-031106-h1h5q9qo	32	5	might	may	MD
cord-031106-h1h5q9qo	32	6	create	create	VB
cord-031106-h1h5q9qo	32	7	zombie	zombie	NN
cord-031106-h1h5q9qo	32	8	lending	lending	NN
cord-031106-h1h5q9qo	32	9	.	.	.
cord-031106-h1h5q9qo	33	1	Rather	rather	RB
cord-031106-h1h5q9qo	33	2	than	than	IN
cord-031106-h1h5q9qo	33	3	deriving	derive	VBG
cord-031106-h1h5q9qo	33	4	from	from	IN
cord-031106-h1h5q9qo	33	5	the	the	DT
cord-031106-h1h5q9qo	33	6	distorted	distorted	JJ
cord-031106-h1h5q9qo	33	7	incentives	incentive	NNS
cord-031106-h1h5q9qo	33	8	of	of	IN
cord-031106-h1h5q9qo	33	9	weak	weak	JJ
cord-031106-h1h5q9qo	33	10	banks	bank	NNS
cord-031106-h1h5q9qo	33	11	to	to	TO
cord-031106-h1h5q9qo	33	12	subsidize	subsidize	VB
cord-031106-h1h5q9qo	33	13	zombies	zombie	NNS
cord-031106-h1h5q9qo	33	14	,	,	,
cord-031106-h1h5q9qo	33	15	in	in	IN
cord-031106-h1h5q9qo	33	16	the	the	DT
cord-031106-h1h5q9qo	33	17	current	current	JJ
cord-031106-h1h5q9qo	33	18	situation	situation	NN
cord-031106-h1h5q9qo	33	19	,	,	,
cord-031106-h1h5q9qo	33	20	zombie	zombie	NN
cord-031106-h1h5q9qo	33	21	lending	lending	NN
cord-031106-h1h5q9qo	33	22	might	may	MD
cord-031106-h1h5q9qo	33	23	be	be	VB
cord-031106-h1h5q9qo	33	24	a	a	DT
cord-031106-h1h5q9qo	33	25	result	result	NN
cord-031106-h1h5q9qo	33	26	of	of	IN
cord-031106-h1h5q9qo	33	27	government	government	NN
cord-031106-h1h5q9qo	33	28	programs	program	NNS
cord-031106-h1h5q9qo	33	29	designed	design	VBN
cord-031106-h1h5q9qo	33	30	to	to	TO
cord-031106-h1h5q9qo	33	31	boost	boost	VB
cord-031106-h1h5q9qo	33	32	bank	bank	NN
cord-031106-h1h5q9qo	33	33	corporate	corporate	JJ
cord-031106-h1h5q9qo	33	34	lending	lending	NN
cord-031106-h1h5q9qo	33	35	,	,	,
cord-031106-h1h5q9qo	33	36	particularly	particularly	RB
cord-031106-h1h5q9qo	33	37	to	to	IN
cord-031106-h1h5q9qo	33	38	SMEs	sme	NNS
cord-031106-h1h5q9qo	33	39	.	.	.
cord-031106-h1h5q9qo	34	1	If	if	IN
cord-031106-h1h5q9qo	34	2	the	the	DT
cord-031106-h1h5q9qo	34	3	default	default	NN
cord-031106-h1h5q9qo	34	4	risk	risk	NN
cord-031106-h1h5q9qo	34	5	is	be	VBZ
cord-031106-h1h5q9qo	34	6	absorbed	absorb	VBN
cord-031106-h1h5q9qo	34	7	by	by	IN
cord-031106-h1h5q9qo	34	8	the	the	DT
cord-031106-h1h5q9qo	34	9	government	government	NN
cord-031106-h1h5q9qo	34	10	,	,	,
cord-031106-h1h5q9qo	34	11	banks	bank	NNS
cord-031106-h1h5q9qo	34	12	'	'	POS
cord-031106-h1h5q9qo	34	13	incentives	incentive	NNS
cord-031106-h1h5q9qo	34	14	to	to	TO
cord-031106-h1h5q9qo	34	15	allocate	allocate	VB
cord-031106-h1h5q9qo	34	16	credit	credit	NN
cord-031106-h1h5q9qo	34	17	according	accord	VBG
cord-031106-h1h5q9qo	34	18	to	to	IN
cord-031106-h1h5q9qo	34	19	underlying	underlie	VBG
cord-031106-h1h5q9qo	34	20	firm	firm	JJ
cord-031106-h1h5q9qo	34	21	risk	risk	NN
cord-031106-h1h5q9qo	34	22	are	be	VBP
cord-031106-h1h5q9qo	34	23	weakened	weaken	VBN
cord-031106-h1h5q9qo	34	24	so	so	IN
cord-031106-h1h5q9qo	34	25	that	that	DT
cord-031106-h1h5q9qo	34	26	credit	credit	NN
cord-031106-h1h5q9qo	34	27	might	may	MD
cord-031106-h1h5q9qo	34	28	accrue	accrue	VB
cord-031106-h1h5q9qo	34	29	disproportionately	disproportionately	RB
cord-031106-h1h5q9qo	34	30	to	to	IN
cord-031106-h1h5q9qo	34	31	nonviable	nonviable	JJ
cord-031106-h1h5q9qo	34	32	firms	firm	NNS
cord-031106-h1h5q9qo	34	33	more	more	RBR
cord-031106-h1h5q9qo	34	34	likely	likely	JJ
cord-031106-h1h5q9qo	34	35	to	to	TO
cord-031106-h1h5q9qo	34	36	demand	demand	VB
cord-031106-h1h5q9qo	34	37	it	-PRON-	PRP
cord-031106-h1h5q9qo	34	38	.	.	.
cord-031106-h1h5q9qo	35	1	The	the	DT
cord-031106-h1h5q9qo	35	2	concerns	concern	NNS
cord-031106-h1h5q9qo	35	3	introduced	introduce	VBN
cord-031106-h1h5q9qo	35	4	by	by	IN
cord-031106-h1h5q9qo	35	5	the	the	DT
cord-031106-h1h5q9qo	35	6	literature	literature	NN
cord-031106-h1h5q9qo	35	7	on	on	IN
cord-031106-h1h5q9qo	35	8	zombie	zombie	NN
cord-031106-h1h5q9qo	35	9	lending	lending	NN
cord-031106-h1h5q9qo	35	10	during	during	IN
cord-031106-h1h5q9qo	35	11	financial	financial	JJ
cord-031106-h1h5q9qo	35	12	crises	crisis	NNS
cord-031106-h1h5q9qo	35	13	might	may	MD
cord-031106-h1h5q9qo	35	14	therefore	therefore	RB
cord-031106-h1h5q9qo	35	15	apply	apply	VB
cord-031106-h1h5q9qo	35	16	to	to	IN
cord-031106-h1h5q9qo	35	17	the	the	DT
cord-031106-h1h5q9qo	35	18	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	35	19	crisis	crisis	NN
cord-031106-h1h5q9qo	35	20	too	too	RB
cord-031106-h1h5q9qo	35	21	.	.	.
cord-031106-h1h5q9qo	36	1	In	in	IN
cord-031106-h1h5q9qo	36	2	this	this	DT
cord-031106-h1h5q9qo	36	3	paper	paper	NN
cord-031106-h1h5q9qo	36	4	,	,	,
cord-031106-h1h5q9qo	36	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	36	6	argue	argue	VBP
cord-031106-h1h5q9qo	36	7	that	that	IN
cord-031106-h1h5q9qo	36	8	despite	despite	IN
cord-031106-h1h5q9qo	36	9	the	the	DT
cord-031106-h1h5q9qo	36	10	results	result	NNS
cord-031106-h1h5q9qo	36	11	of	of	IN
cord-031106-h1h5q9qo	36	12	the	the	DT
cord-031106-h1h5q9qo	36	13	literature	literature	NN
cord-031106-h1h5q9qo	36	14	mentioned	mention	VBN
cord-031106-h1h5q9qo	36	15	above	above	RB
cord-031106-h1h5q9qo	36	16	,	,	,
cord-031106-h1h5q9qo	36	17	there	there	EX
cord-031106-h1h5q9qo	36	18	is	be	VBZ
cord-031106-h1h5q9qo	36	19	no	no	DT
cord-031106-h1h5q9qo	36	20	solid	solid	JJ
cord-031106-h1h5q9qo	36	21	support	support	NN
cord-031106-h1h5q9qo	36	22	for	for	IN
cord-031106-h1h5q9qo	36	23	the	the	DT
cord-031106-h1h5q9qo	36	24	assertion	assertion	NN
cord-031106-h1h5q9qo	36	25	that	that	IN
cord-031106-h1h5q9qo	36	26	government	government	NN
cord-031106-h1h5q9qo	36	27	policies	policy	NNS
cord-031106-h1h5q9qo	36	28	to	to	TO
cord-031106-h1h5q9qo	36	29	sustain	sustain	VB
cord-031106-h1h5q9qo	36	30	corporate	corporate	JJ
cord-031106-h1h5q9qo	36	31	lending	lending	NN
cord-031106-h1h5q9qo	36	32	will	will	MD
cord-031106-h1h5q9qo	36	33	have	have	VB
cord-031106-h1h5q9qo	36	34	negative	negative	JJ
cord-031106-h1h5q9qo	36	35	consequences	consequence	NNS
cord-031106-h1h5q9qo	36	36	due	due	IN
cord-031106-h1h5q9qo	36	37	to	to	IN
cord-031106-h1h5q9qo	36	38	zombie	zombie	NN
cord-031106-h1h5q9qo	36	39	lending	lending	NN
cord-031106-h1h5q9qo	36	40	.	.	.
cord-031106-h1h5q9qo	37	1	First	first	RB
cord-031106-h1h5q9qo	37	2	,	,	,
cord-031106-h1h5q9qo	37	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	37	4	offer	offer	VBP
cord-031106-h1h5q9qo	37	5	some	some	DT
cord-031106-h1h5q9qo	37	6	evidence	evidence	NN
cord-031106-h1h5q9qo	37	7	using	use	VBG
cord-031106-h1h5q9qo	37	8	Italian	italian	JJ
cord-031106-h1h5q9qo	37	9	data	datum	NNS
cord-031106-h1h5q9qo	37	10	that	that	WDT
cord-031106-h1h5q9qo	37	11	the	the	DT
cord-031106-h1h5q9qo	37	12	bulk	bulk	NN
cord-031106-h1h5q9qo	37	13	of	of	IN
cord-031106-h1h5q9qo	37	14	liquidity	liquidity	NN
cord-031106-h1h5q9qo	37	15	needs	need	NNS
cord-031106-h1h5q9qo	37	16	during	during	IN
cord-031106-h1h5q9qo	37	17	the	the	DT
cord-031106-h1h5q9qo	37	18	crisis	crisis	NN
cord-031106-h1h5q9qo	37	19	will	will	MD
cord-031106-h1h5q9qo	37	20	come	come	VB
cord-031106-h1h5q9qo	37	21	from	from	IN
cord-031106-h1h5q9qo	37	22	firms	firm	NNS
cord-031106-h1h5q9qo	37	23	that	that	WDT
cord-031106-h1h5q9qo	37	24	were	be	VBD
cord-031106-h1h5q9qo	37	25	financially	financially	RB
cord-031106-h1h5q9qo	37	26	sound	sound	JJ
cord-031106-h1h5q9qo	37	27	before	before	IN
cord-031106-h1h5q9qo	37	28	the	the	DT
cord-031106-h1h5q9qo	37	29	crisis	crisis	NN
cord-031106-h1h5q9qo	37	30	.	.	.
cord-031106-h1h5q9qo	38	1	This	this	DT
cord-031106-h1h5q9qo	38	2	reflects	reflect	VBZ
cord-031106-h1h5q9qo	38	3	the	the	DT
cord-031106-h1h5q9qo	38	4	fact	fact	NN
cord-031106-h1h5q9qo	38	5	that	that	IN
cord-031106-h1h5q9qo	38	6	the	the	DT
cord-031106-h1h5q9qo	38	7	negative	negative	JJ
cord-031106-h1h5q9qo	38	8	effects	effect	NNS
cord-031106-h1h5q9qo	38	9	of	of	IN
cord-031106-h1h5q9qo	38	10	the	the	DT
cord-031106-h1h5q9qo	38	11	pandemic	pandemic	NN
cord-031106-h1h5q9qo	38	12	on	on	IN
cord-031106-h1h5q9qo	38	13	firm	firm	JJ
cord-031106-h1h5q9qo	38	14	performance	performance	NN
cord-031106-h1h5q9qo	38	15	,	,	,
cord-031106-h1h5q9qo	38	16	including	include	VBG
cord-031106-h1h5q9qo	38	17	the	the	DT
cord-031106-h1h5q9qo	38	18	policies	policy	NNS
cord-031106-h1h5q9qo	38	19	enacted	enact	VBN
cord-031106-h1h5q9qo	38	20	to	to	TO
cord-031106-h1h5q9qo	38	21	contrast	contrast	VB
cord-031106-h1h5q9qo	38	22	its	-PRON-	PRP$
cord-031106-h1h5q9qo	38	23	spread	spread	NN
cord-031106-h1h5q9qo	38	24	,	,	,
cord-031106-h1h5q9qo	38	25	are	be	VBP
cord-031106-h1h5q9qo	38	26	unrelated	unrelated	JJ
cord-031106-h1h5q9qo	38	27	to	to	IN
cord-031106-h1h5q9qo	38	28	a	a	DT
cord-031106-h1h5q9qo	38	29	firm	firm	NN
cord-031106-h1h5q9qo	38	30	's	's	POS
cord-031106-h1h5q9qo	38	31	financial	financial	JJ
cord-031106-h1h5q9qo	38	32	health	health	NN
cord-031106-h1h5q9qo	38	33	.	.	.
cord-031106-h1h5q9qo	39	1	Second	second	JJ
cord-031106-h1h5q9qo	39	2	,	,	,
cord-031106-h1h5q9qo	39	3	and	and	CC
cord-031106-h1h5q9qo	39	4	more	more	RBR
cord-031106-h1h5q9qo	39	5	importantly	importantly	RB
cord-031106-h1h5q9qo	39	6	,	,	,
cord-031106-h1h5q9qo	39	7	we	-PRON-	PRP
cord-031106-h1h5q9qo	39	8	argue	argue	VBP
cord-031106-h1h5q9qo	39	9	that	that	IN
cord-031106-h1h5q9qo	39	10	the	the	DT
cord-031106-h1h5q9qo	39	11	empirical	empirical	JJ
cord-031106-h1h5q9qo	39	12	framework	framework	NN
cord-031106-h1h5q9qo	39	13	commonly	commonly	RB
cord-031106-h1h5q9qo	39	14	applied	apply	VBN
cord-031106-h1h5q9qo	39	15	in	in	IN
cord-031106-h1h5q9qo	39	16	the	the	DT
cord-031106-h1h5q9qo	39	17	literature	literature	NN
cord-031106-h1h5q9qo	39	18	to	to	TO
cord-031106-h1h5q9qo	39	19	estimate	estimate	VB
cord-031106-h1h5q9qo	39	20	the	the	DT
cord-031106-h1h5q9qo	39	21	effects	effect	NNS
cord-031106-h1h5q9qo	39	22	of	of	IN
cord-031106-h1h5q9qo	39	23	zombie	zombie	NN
cord-031106-h1h5q9qo	39	24	lending	lending	NN
cord-031106-h1h5q9qo	39	25	on	on	IN
cord-031106-h1h5q9qo	39	26	healthy	healthy	JJ
cord-031106-h1h5q9qo	39	27	firms	firm	NNS
cord-031106-h1h5q9qo	39	28	suffers	suffer	VBZ
cord-031106-h1h5q9qo	39	29	from	from	IN
cord-031106-h1h5q9qo	39	30	a	a	DT
cord-031106-h1h5q9qo	39	31	serious	serious	JJ
cord-031106-h1h5q9qo	39	32	identification	identification	NN
cord-031106-h1h5q9qo	39	33	problem	problem	NN
cord-031106-h1h5q9qo	39	34	that	that	WDT
cord-031106-h1h5q9qo	39	35	can	can	MD
cord-031106-h1h5q9qo	39	36	bias	bias	VB
cord-031106-h1h5q9qo	39	37	the	the	DT
cord-031106-h1h5q9qo	39	38	results	result	NNS
cord-031106-h1h5q9qo	39	39	toward	toward	IN
cord-031106-h1h5q9qo	39	40	finding	find	VBG
cord-031106-h1h5q9qo	39	41	a	a	DT
cord-031106-h1h5q9qo	39	42	negative	negative	JJ
cord-031106-h1h5q9qo	39	43	spillover	spillover	NN
cord-031106-h1h5q9qo	39	44	,	,	,
cord-031106-h1h5q9qo	39	45	even	even	RB
cord-031106-h1h5q9qo	39	46	when	when	WRB
cord-031106-h1h5q9qo	39	47	this	this	DT
cord-031106-h1h5q9qo	39	48	is	be	VBZ
cord-031106-h1h5q9qo	39	49	not	not	RB
cord-031106-h1h5q9qo	39	50	actually	actually	RB
cord-031106-h1h5q9qo	39	51	the	the	DT
cord-031106-h1h5q9qo	39	52	case	case	NN
cord-031106-h1h5q9qo	39	53	.	.	.
cord-031106-h1h5q9qo	40	1	In	in	IN
cord-031106-h1h5q9qo	40	2	a	a	DT
cord-031106-h1h5q9qo	40	3	nutshell	nutshell	NN
cord-031106-h1h5q9qo	40	4	,	,	,
cord-031106-h1h5q9qo	40	5	the	the	DT
cord-031106-h1h5q9qo	40	6	framework	framework	NN
cord-031106-h1h5q9qo	40	7	correlates	correlate	VBZ
cord-031106-h1h5q9qo	40	8	the	the	DT
cord-031106-h1h5q9qo	40	9	performance	performance	NN
cord-031106-h1h5q9qo	40	10	of	of	IN
cord-031106-h1h5q9qo	40	11	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	40	12	relative	relative	JJ
cord-031106-h1h5q9qo	40	13	to	to	IN
cord-031106-h1h5q9qo	40	14	that	that	DT
cord-031106-h1h5q9qo	40	15	of	of	IN
cord-031106-h1h5q9qo	40	16	zombies	zombie	NNS
cord-031106-h1h5q9qo	40	17	with	with	IN
cord-031106-h1h5q9qo	40	18	the	the	DT
cord-031106-h1h5q9qo	40	19	sectoral	sectoral	JJ
cord-031106-h1h5q9qo	40	20	share	share	NN
cord-031106-h1h5q9qo	40	21	of	of	IN
cord-031106-h1h5q9qo	40	22	zombies	zombie	NNS
cord-031106-h1h5q9qo	40	23	,	,	,
cord-031106-h1h5q9qo	40	24	interpreting	interpret	VBG
cord-031106-h1h5q9qo	40	25	a	a	DT
cord-031106-h1h5q9qo	40	26	negative	negative	JJ
cord-031106-h1h5q9qo	40	27	coefficient	coefficient	NN
cord-031106-h1h5q9qo	40	28	as	as	IN
cord-031106-h1h5q9qo	40	29	measuring	measure	VBG
cord-031106-h1h5q9qo	40	30	the	the	DT
cord-031106-h1h5q9qo	40	31	negative	negative	JJ
cord-031106-h1h5q9qo	40	32	spillovers	spillover	NNS
cord-031106-h1h5q9qo	40	33	:	:	:
cord-031106-h1h5q9qo	40	34	when	when	WRB
cord-031106-h1h5q9qo	40	35	more	more	JJR
cord-031106-h1h5q9qo	40	36	zombies	zombie	NNS
cord-031106-h1h5q9qo	40	37	are	be	VBP
cord-031106-h1h5q9qo	40	38	active	active	JJ
cord-031106-h1h5q9qo	40	39	,	,	,
cord-031106-h1h5q9qo	40	40	healthy	healthy	JJ
cord-031106-h1h5q9qo	40	41	firms	firm	NNS
cord-031106-h1h5q9qo	40	42	perform	perform	VBP
cord-031106-h1h5q9qo	40	43	relatively	relatively	RB
cord-031106-h1h5q9qo	40	44	worse	worse	RBR
cord-031106-h1h5q9qo	40	45	.	.	.
cord-031106-h1h5q9qo	41	1	To	to	TO
cord-031106-h1h5q9qo	41	2	account	account	VB
cord-031106-h1h5q9qo	41	3	for	for	IN
cord-031106-h1h5q9qo	41	4	common	common	JJ
cord-031106-h1h5q9qo	41	5	shocks	shock	NNS
cord-031106-h1h5q9qo	41	6	,	,	,
cord-031106-h1h5q9qo	41	7	the	the	DT
cord-031106-h1h5q9qo	41	8	regression	regression	NN
cord-031106-h1h5q9qo	41	9	is	be	VBZ
cord-031106-h1h5q9qo	41	10	saturated	saturate	VBN
cord-031106-h1h5q9qo	41	11	with	with	IN
cord-031106-h1h5q9qo	41	12	sector	sector	NN
cord-031106-h1h5q9qo	41	13	-	-	HYPH
cord-031106-h1h5q9qo	41	14	year	year	NN
cord-031106-h1h5q9qo	41	15	dummies	dummy	NNS
cord-031106-h1h5q9qo	41	16	.	.	.
cord-031106-h1h5q9qo	42	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	42	2	show	show	VBP
cord-031106-h1h5q9qo	42	3	that	that	IN
cord-031106-h1h5q9qo	42	4	this	this	DT
cord-031106-h1h5q9qo	42	5	correlation	correlation	NN
cord-031106-h1h5q9qo	42	6	can	can	MD
cord-031106-h1h5q9qo	42	7	arise	arise	VB
cord-031106-h1h5q9qo	42	8	naturally	naturally	RB
cord-031106-h1h5q9qo	42	9	from	from	IN
cord-031106-h1h5q9qo	42	10	standard	standard	JJ
cord-031106-h1h5q9qo	42	11	shocks	shock	NNS
cord-031106-h1h5q9qo	42	12	which	which	WDT
cord-031106-h1h5q9qo	42	13	,	,	,
cord-031106-h1h5q9qo	42	14	by	by	IN
cord-031106-h1h5q9qo	42	15	shifting	shift	VBG
cord-031106-h1h5q9qo	42	16	the	the	DT
cord-031106-h1h5q9qo	42	17	distribution	distribution	NN
cord-031106-h1h5q9qo	42	18	of	of	IN
cord-031106-h1h5q9qo	42	19	firms	firm	NNS
cord-031106-h1h5q9qo	42	20	performance	performance	NN
cord-031106-h1h5q9qo	42	21	to	to	IN
cord-031106-h1h5q9qo	42	22	the	the	DT
cord-031106-h1h5q9qo	42	23	left	left	NN
cord-031106-h1h5q9qo	42	24	,	,	,
cord-031106-h1h5q9qo	42	25	mechanically	mechanically	RB
cord-031106-h1h5q9qo	42	26	increase	increase	VB
cord-031106-h1h5q9qo	42	27	the	the	DT
cord-031106-h1h5q9qo	42	28	share	share	NN
cord-031106-h1h5q9qo	42	29	of	of	IN
cord-031106-h1h5q9qo	42	30	zombies	zombie	NNS
cord-031106-h1h5q9qo	42	31	and	and	CC
cord-031106-h1h5q9qo	42	32	reduce	reduce	VB
cord-031106-h1h5q9qo	42	33	the	the	DT
cord-031106-h1h5q9qo	42	34	relative	relative	JJ
cord-031106-h1h5q9qo	42	35	performance	performance	NN
cord-031106-h1h5q9qo	42	36	of	of	IN
cord-031106-h1h5q9qo	42	37	healthy	healthy	JJ
cord-031106-h1h5q9qo	42	38	firms	firm	NNS
cord-031106-h1h5q9qo	42	39	,	,	,
cord-031106-h1h5q9qo	42	40	absent	absent	VBP
cord-031106-h1h5q9qo	42	41	any	any	DT
cord-031106-h1h5q9qo	42	42	spillover	spillover	NN
cord-031106-h1h5q9qo	42	43	.	.	.
cord-031106-h1h5q9qo	43	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	43	2	provide	provide	VBP
cord-031106-h1h5q9qo	43	3	analytical	analytical	JJ
cord-031106-h1h5q9qo	43	4	conditions	condition	NNS
cord-031106-h1h5q9qo	43	5	on	on	IN
cord-031106-h1h5q9qo	43	6	the	the	DT
cord-031106-h1h5q9qo	43	7	performance	performance	NN
cord-031106-h1h5q9qo	43	8	distribution	distribution	NN
cord-031106-h1h5q9qo	43	9	under	under	IN
cord-031106-h1h5q9qo	43	10	which	which	WDT
cord-031106-h1h5q9qo	43	11	this	this	DT
cord-031106-h1h5q9qo	43	12	is	be	VBZ
cord-031106-h1h5q9qo	43	13	actually	actually	RB
cord-031106-h1h5q9qo	43	14	the	the	DT
cord-031106-h1h5q9qo	43	15	case	case	NN
cord-031106-h1h5q9qo	43	16	and	and	CC
cord-031106-h1h5q9qo	43	17	show	show	VB
cord-031106-h1h5q9qo	43	18	that	that	IN
cord-031106-h1h5q9qo	43	19	such	such	JJ
cord-031106-h1h5q9qo	43	20	conditions	condition	NNS
cord-031106-h1h5q9qo	43	21	are	be	VBP
cord-031106-h1h5q9qo	43	22	likely	likely	JJ
cord-031106-h1h5q9qo	43	23	to	to	TO
cord-031106-h1h5q9qo	43	24	be	be	VB
cord-031106-h1h5q9qo	43	25	satisfied	satisfied	JJ
cord-031106-h1h5q9qo	43	26	in	in	IN
cord-031106-h1h5q9qo	43	27	the	the	DT
cord-031106-h1h5q9qo	43	28	settings	setting	NNS
cord-031106-h1h5q9qo	43	29	typically	typically	RB
cord-031106-h1h5q9qo	43	30	considered	consider	VBN
cord-031106-h1h5q9qo	43	31	in	in	IN
cord-031106-h1h5q9qo	43	32	the	the	DT
cord-031106-h1h5q9qo	43	33	literature	literature	NN
cord-031106-h1h5q9qo	43	34	.	.	.
cord-031106-h1h5q9qo	44	1	This	this	DT
cord-031106-h1h5q9qo	44	2	effect	effect	NN
cord-031106-h1h5q9qo	44	3	is	be	VBZ
cord-031106-h1h5q9qo	44	4	not	not	RB
cord-031106-h1h5q9qo	44	5	accounted	account	VBN
cord-031106-h1h5q9qo	44	6	for	for	IN
cord-031106-h1h5q9qo	44	7	by	by	IN
cord-031106-h1h5q9qo	44	8	sector	sector	NN
cord-031106-h1h5q9qo	44	9	-	-	HYPH
cord-031106-h1h5q9qo	44	10	year	year	NN
cord-031106-h1h5q9qo	44	11	dummies	dummy	NNS
cord-031106-h1h5q9qo	44	12	,	,	,
cord-031106-h1h5q9qo	44	13	which	which	WDT
cord-031106-h1h5q9qo	44	14	only	only	RB
cord-031106-h1h5q9qo	44	15	control	control	NN
cord-031106-h1h5q9qo	44	16	for	for	IN
cord-031106-h1h5q9qo	44	17	shocks	shock	NNS
cord-031106-h1h5q9qo	44	18	that	that	WDT
cord-031106-h1h5q9qo	44	19	hit	hit	VBD
cord-031106-h1h5q9qo	44	20	firms	firm	NNS
cord-031106-h1h5q9qo	44	21	equally	equally	RB
cord-031106-h1h5q9qo	44	22	.	.	.
cord-031106-h1h5q9qo	45	1	The	the	DT
cord-031106-h1h5q9qo	45	2	danger	danger	NN
cord-031106-h1h5q9qo	45	3	of	of	IN
cord-031106-h1h5q9qo	45	4	defining	define	VBG
cord-031106-h1h5q9qo	45	5	zombie	zombie	NN
cord-031106-h1h5q9qo	45	6	firms	firm	NNS
cord-031106-h1h5q9qo	45	7	solely	solely	RB
cord-031106-h1h5q9qo	45	8	on	on	IN
cord-031106-h1h5q9qo	45	9	the	the	DT
cord-031106-h1h5q9qo	45	10	basis	basis	NN
cord-031106-h1h5q9qo	45	11	of	of	IN
cord-031106-h1h5q9qo	45	12	firm	firm	JJ
cord-031106-h1h5q9qo	45	13	performance	performance	NN
cord-031106-h1h5q9qo	45	14	is	be	VBZ
cord-031106-h1h5q9qo	45	15	recognized	recognize	VBN
cord-031106-h1h5q9qo	45	16	by	by	IN
cord-031106-h1h5q9qo	45	17	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	45	18	et	et	NNP
cord-031106-h1h5q9qo	45	19	al	al	NNP
cord-031106-h1h5q9qo	45	20	.	.	.
cord-031106-h1h5q9qo	46	1	(	(	-LRB-
cord-031106-h1h5q9qo	46	2	2008	2008	CD
cord-031106-h1h5q9qo	46	3	)	)	-RRB-
cord-031106-h1h5q9qo	46	4	,	,	,
cord-031106-h1h5q9qo	46	5	who	who	WP
cord-031106-h1h5q9qo	46	6	propose	propose	VBP
cord-031106-h1h5q9qo	46	7	that	that	IN
cord-031106-h1h5q9qo	46	8	a	a	DT
cord-031106-h1h5q9qo	46	9	zombie	zombie	NN
cord-031106-h1h5q9qo	46	10	is	be	VBZ
cord-031106-h1h5q9qo	46	11	defined	define	VBN
cord-031106-h1h5q9qo	46	12	based	base	VBN
cord-031106-h1h5q9qo	46	13	on	on	IN
cord-031106-h1h5q9qo	46	14	whether	whether	IN
cord-031106-h1h5q9qo	46	15	it	-PRON-	PRP
cord-031106-h1h5q9qo	46	16	receives	receive	VBZ
cord-031106-h1h5q9qo	46	17	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	46	18	financing	financing	NN
cord-031106-h1h5q9qo	46	19	.	.	.
cord-031106-h1h5q9qo	47	1	In	in	IN
cord-031106-h1h5q9qo	47	2	Section	section	NN
cord-031106-h1h5q9qo	47	3	4	4	CD
cord-031106-h1h5q9qo	47	4	,	,	,
cord-031106-h1h5q9qo	47	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	47	6	argue	argue	VBP
cord-031106-h1h5q9qo	47	7	that	that	IN
cord-031106-h1h5q9qo	47	8	this	this	DT
cord-031106-h1h5q9qo	47	9	definition	definition	NN
cord-031106-h1h5q9qo	47	10	is	be	VBZ
cord-031106-h1h5q9qo	47	11	in	in	IN
cord-031106-h1h5q9qo	47	12	fact	fact	NN
cord-031106-h1h5q9qo	47	13	not	not	RB
cord-031106-h1h5q9qo	47	14	immune	immune	JJ
cord-031106-h1h5q9qo	47	15	to	to	IN
cord-031106-h1h5q9qo	47	16	our	-PRON-	PRP$
cord-031106-h1h5q9qo	47	17	critique	critique	NN
cord-031106-h1h5q9qo	47	18	.	.	.
cord-031106-h1h5q9qo	48	1	The	the	DT
cord-031106-h1h5q9qo	48	2	remedy	remedy	NN
cord-031106-h1h5q9qo	48	3	to	to	IN
cord-031106-h1h5q9qo	48	4	these	these	DT
cord-031106-h1h5q9qo	48	5	problems	problem	NNS
cord-031106-h1h5q9qo	48	6	is	be	VBZ
cord-031106-h1h5q9qo	48	7	the	the	DT
cord-031106-h1h5q9qo	48	8	usual	usual	JJ
cord-031106-h1h5q9qo	48	9	one	one	NN
cord-031106-h1h5q9qo	48	10	:	:	:
cord-031106-h1h5q9qo	48	11	finding	find	VBG
cord-031106-h1h5q9qo	48	12	exogenous	exogenous	JJ
cord-031106-h1h5q9qo	48	13	variation	variation	NN
cord-031106-h1h5q9qo	48	14	in	in	IN
cord-031106-h1h5q9qo	48	15	the	the	DT
cord-031106-h1h5q9qo	48	16	share	share	NN
cord-031106-h1h5q9qo	48	17	of	of	IN
cord-031106-h1h5q9qo	48	18	zombies	zombie	NNS
cord-031106-h1h5q9qo	48	19	with	with	IN
cord-031106-h1h5q9qo	48	20	respect	respect	NN
cord-031106-h1h5q9qo	48	21	to	to	IN
cord-031106-h1h5q9qo	48	22	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	48	23	shocks	shock	NNS
cord-031106-h1h5q9qo	48	24	.	.	.
cord-031106-h1h5q9qo	49	1	However	however	RB
cord-031106-h1h5q9qo	49	2	,	,	,
cord-031106-h1h5q9qo	49	3	the	the	DT
cord-031106-h1h5q9qo	49	4	literature	literature	NN
cord-031106-h1h5q9qo	49	5	has	have	VBZ
cord-031106-h1h5q9qo	49	6	not	not	RB
cord-031106-h1h5q9qo	49	7	generally	generally	RB
cord-031106-h1h5q9qo	49	8	followed	follow	VBN
cord-031106-h1h5q9qo	49	9	this	this	DT
cord-031106-h1h5q9qo	49	10	approach	approach	NN
cord-031106-h1h5q9qo	49	11	given	give	VBN
cord-031106-h1h5q9qo	49	12	its	-PRON-	PRP$
cord-031106-h1h5q9qo	49	13	reliance	reliance	NN
cord-031106-h1h5q9qo	49	14	on	on	IN
cord-031106-h1h5q9qo	49	15	sector	sector	NN
cord-031106-h1h5q9qo	49	16	-	-	HYPH
cord-031106-h1h5q9qo	49	17	year	year	NN
cord-031106-h1h5q9qo	49	18	dummies	dummy	NNS
cord-031106-h1h5q9qo	49	19	.	.	.
cord-031106-h1h5q9qo	50	1	In	in	IN
cord-031106-h1h5q9qo	50	2	the	the	DT
cord-031106-h1h5q9qo	50	3	final	final	JJ
cord-031106-h1h5q9qo	50	4	section	section	NN
cord-031106-h1h5q9qo	50	5	,	,	,
cord-031106-h1h5q9qo	50	6	we	-PRON-	PRP
cord-031106-h1h5q9qo	50	7	review	review	VBP
cord-031106-h1h5q9qo	50	8	the	the	DT
cord-031106-h1h5q9qo	50	9	main	main	JJ
cord-031106-h1h5q9qo	50	10	contributions	contribution	NNS
cord-031106-h1h5q9qo	50	11	to	to	IN
cord-031106-h1h5q9qo	50	12	the	the	DT
cord-031106-h1h5q9qo	50	13	literature	literature	NN
cord-031106-h1h5q9qo	50	14	on	on	IN
cord-031106-h1h5q9qo	50	15	zombie	zombie	NN
cord-031106-h1h5q9qo	50	16	lending	lending	NN
cord-031106-h1h5q9qo	50	17	and	and	CC
cord-031106-h1h5q9qo	50	18	argue	argue	VBP
cord-031106-h1h5q9qo	50	19	that	that	IN
cord-031106-h1h5q9qo	50	20	none	none	NN
cord-031106-h1h5q9qo	50	21	of	of	IN
cord-031106-h1h5q9qo	50	22	them	-PRON-	PRP
cord-031106-h1h5q9qo	50	23	is	be	VBZ
cord-031106-h1h5q9qo	50	24	completely	completely	RB
cord-031106-h1h5q9qo	50	25	immune	immune	JJ
cord-031106-h1h5q9qo	50	26	from	from	IN
cord-031106-h1h5q9qo	50	27	the	the	DT
cord-031106-h1h5q9qo	50	28	possibility	possibility	NN
cord-031106-h1h5q9qo	50	29	that	that	IN
cord-031106-h1h5q9qo	50	30	the	the	DT
cord-031106-h1h5q9qo	50	31	share	share	NN
cord-031106-h1h5q9qo	50	32	of	of	IN
cord-031106-h1h5q9qo	50	33	zombies	zombie	NNS
cord-031106-h1h5q9qo	50	34	is	be	VBZ
cord-031106-h1h5q9qo	50	35	correlated	correlate	VBN
cord-031106-h1h5q9qo	50	36	with	with	IN
cord-031106-h1h5q9qo	50	37	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	50	38	shocks	shock	NNS
cord-031106-h1h5q9qo	50	39	.	.	.
cord-031106-h1h5q9qo	51	1	As	as	IN
cord-031106-h1h5q9qo	51	2	a	a	DT
cord-031106-h1h5q9qo	51	3	consequence	consequence	NN
cord-031106-h1h5q9qo	51	4	,	,	,
cord-031106-h1h5q9qo	51	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	51	6	conclude	conclude	VBP
cord-031106-h1h5q9qo	51	7	that	that	IN
cord-031106-h1h5q9qo	51	8	the	the	DT
cord-031106-h1h5q9qo	51	9	claim	claim	NN
cord-031106-h1h5q9qo	51	10	in	in	IN
cord-031106-h1h5q9qo	51	11	the	the	DT
cord-031106-h1h5q9qo	51	12	literature	literature	NN
cord-031106-h1h5q9qo	51	13	that	that	WDT
cord-031106-h1h5q9qo	51	14	zombies	zombie	NNS
cord-031106-h1h5q9qo	51	15	hurt	hurt	VBD
cord-031106-h1h5q9qo	51	16	healthy	healthy	JJ
cord-031106-h1h5q9qo	51	17	firms	firm	NNS
cord-031106-h1h5q9qo	51	18	is	be	VBZ
cord-031106-h1h5q9qo	51	19	likely	likely	RB
cord-031106-h1h5q9qo	51	20	based	base	VBN
cord-031106-h1h5q9qo	51	21	on	on	IN
cord-031106-h1h5q9qo	51	22	a	a	DT
cord-031106-h1h5q9qo	51	23	spurious	spurious	JJ
cord-031106-h1h5q9qo	51	24	correlation	correlation	NN
cord-031106-h1h5q9qo	51	25	and	and	CC
cord-031106-h1h5q9qo	51	26	can	can	MD
cord-031106-h1h5q9qo	51	27	not	not	RB
cord-031106-h1h5q9qo	51	28	offer	offer	VB
cord-031106-h1h5q9qo	51	29	a	a	DT
cord-031106-h1h5q9qo	51	30	solid	solid	JJ
cord-031106-h1h5q9qo	51	31	scientific	scientific	JJ
cord-031106-h1h5q9qo	51	32	basis	basis	NN
cord-031106-h1h5q9qo	51	33	for	for	IN
cord-031106-h1h5q9qo	51	34	policy	policy	NN
cord-031106-h1h5q9qo	51	35	prescriptions	prescription	NNS
cord-031106-h1h5q9qo	51	36	.	.	.
cord-031106-h1h5q9qo	52	1	Finally	finally	RB
cord-031106-h1h5q9qo	52	2	,	,	,
cord-031106-h1h5q9qo	52	3	for	for	IN
cord-031106-h1h5q9qo	52	4	other	other	JJ
cord-031106-h1h5q9qo	52	5	reasons	reason	NNS
cord-031106-h1h5q9qo	52	6	specific	specific	JJ
cord-031106-h1h5q9qo	52	7	to	to	IN
cord-031106-h1h5q9qo	52	8	the	the	DT
cord-031106-h1h5q9qo	52	9	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	52	10	crisis	crisis	NN
cord-031106-h1h5q9qo	52	11	,	,	,
cord-031106-h1h5q9qo	52	12	one	one	PRP
cord-031106-h1h5q9qo	52	13	should	should	MD
cord-031106-h1h5q9qo	52	14	question	question	VB
cord-031106-h1h5q9qo	52	15	the	the	DT
cord-031106-h1h5q9qo	52	16	usefulness	usefulness	NN
cord-031106-h1h5q9qo	52	17	of	of	IN
cord-031106-h1h5q9qo	52	18	the	the	DT
cord-031106-h1h5q9qo	52	19	approach	approach	NN
cord-031106-h1h5q9qo	52	20	of	of	IN
cord-031106-h1h5q9qo	52	21	the	the	DT
cord-031106-h1h5q9qo	52	22	literature	literature	NN
cord-031106-h1h5q9qo	52	23	in	in	IN
cord-031106-h1h5q9qo	52	24	the	the	DT
cord-031106-h1h5q9qo	52	25	current	current	JJ
cord-031106-h1h5q9qo	52	26	situation	situation	NN
cord-031106-h1h5q9qo	52	27	.	.	.
cord-031106-h1h5q9qo	53	1	First	first	RB
cord-031106-h1h5q9qo	53	2	,	,	,
cord-031106-h1h5q9qo	53	3	given	give	VBN
cord-031106-h1h5q9qo	53	4	the	the	DT
cord-031106-h1h5q9qo	53	5	policy	policy	NN
cord-031106-h1h5q9qo	53	6	responses	response	NNS
cord-031106-h1h5q9qo	53	7	to	to	IN
cord-031106-h1h5q9qo	53	8	the	the	DT
cord-031106-h1h5q9qo	53	9	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	53	10	shock	shock	NN
cord-031106-h1h5q9qo	53	11	,	,	,
cord-031106-h1h5q9qo	53	12	identifying	identify	VBG
cord-031106-h1h5q9qo	53	13	zombies	zombie	NNS
cord-031106-h1h5q9qo	53	14	through	through	IN
cord-031106-h1h5q9qo	53	15	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	53	16	credit	credit	NN
cord-031106-h1h5q9qo	53	17	may	may	MD
cord-031106-h1h5q9qo	53	18	create	create	VB
cord-031106-h1h5q9qo	53	19	additional	additional	JJ
cord-031106-h1h5q9qo	53	20	identification	identification	NN
cord-031106-h1h5q9qo	53	21	problems	problem	NNS
cord-031106-h1h5q9qo	53	22	in	in	IN
cord-031106-h1h5q9qo	53	23	the	the	DT
cord-031106-h1h5q9qo	53	24	current	current	JJ
cord-031106-h1h5q9qo	53	25	scenario	scenario	NN
cord-031106-h1h5q9qo	53	26	.	.	.
cord-031106-h1h5q9qo	54	1	Governments	government	NNS
cord-031106-h1h5q9qo	54	2	provide	provide	VBP
cord-031106-h1h5q9qo	54	3	credit	credit	NN
cord-031106-h1h5q9qo	54	4	subsidies	subsidy	NNS
cord-031106-h1h5q9qo	54	5	,	,	,
cord-031106-h1h5q9qo	54	6	including	include	VBG
cord-031106-h1h5q9qo	54	7	caps	cap	NNS
cord-031106-h1h5q9qo	54	8	on	on	IN
cord-031106-h1h5q9qo	54	9	interest	interest	NN
cord-031106-h1h5q9qo	54	10	rates	rate	NNS
cord-031106-h1h5q9qo	54	11	,	,	,
cord-031106-h1h5q9qo	54	12	to	to	TO
cord-031106-h1h5q9qo	54	13	facilitate	facilitate	VB
cord-031106-h1h5q9qo	54	14	firms	firm	NNS
cord-031106-h1h5q9qo	54	15	'	'	POS
cord-031106-h1h5q9qo	54	16	access	access	NN
cord-031106-h1h5q9qo	54	17	to	to	IN
cord-031106-h1h5q9qo	54	18	credit	credit	NN
cord-031106-h1h5q9qo	54	19	,	,	,
cord-031106-h1h5q9qo	54	20	and	and	CC
cord-031106-h1h5q9qo	54	21	central	central	JJ
cord-031106-h1h5q9qo	54	22	banks	bank	NNS
cord-031106-h1h5q9qo	54	23	enact	enact	VB
cord-031106-h1h5q9qo	54	24	aggressive	aggressive	JJ
cord-031106-h1h5q9qo	54	25	policy	policy	NN
cord-031106-h1h5q9qo	54	26	measures	measure	NNS
cord-031106-h1h5q9qo	54	27	to	to	TO
cord-031106-h1h5q9qo	54	28	bring	bring	VB
cord-031106-h1h5q9qo	54	29	interest	interest	NN
cord-031106-h1h5q9qo	54	30	rates	rate	NNS
cord-031106-h1h5q9qo	54	31	to	to	IN
cord-031106-h1h5q9qo	54	32	unprecedented	unprecedented	JJ
cord-031106-h1h5q9qo	54	33	low	low	JJ
cord-031106-h1h5q9qo	54	34	levels	level	NNS
cord-031106-h1h5q9qo	54	35	.	.	.
cord-031106-h1h5q9qo	55	1	In	in	IN
cord-031106-h1h5q9qo	55	2	this	this	DT
cord-031106-h1h5q9qo	55	3	setting	setting	NN
cord-031106-h1h5q9qo	55	4	,	,	,
cord-031106-h1h5q9qo	55	5	distinguishing	distinguish	VBG
cord-031106-h1h5q9qo	55	6	between	between	IN
cord-031106-h1h5q9qo	55	7	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	55	8	credit	credit	NN
cord-031106-h1h5q9qo	55	9	to	to	IN
cord-031106-h1h5q9qo	55	10	zombies	zombie	NNS
cord-031106-h1h5q9qo	55	11	and	and	CC
cord-031106-h1h5q9qo	55	12	cheap	cheap	JJ
cord-031106-h1h5q9qo	55	13	credit	credit	NN
cord-031106-h1h5q9qo	55	14	to	to	IN
cord-031106-h1h5q9qo	55	15	healthy	healthy	JJ
cord-031106-h1h5q9qo	55	16	firms	firm	NNS
cord-031106-h1h5q9qo	55	17	will	will	MD
cord-031106-h1h5q9qo	55	18	be	be	VB
cord-031106-h1h5q9qo	55	19	problematic	problematic	JJ
cord-031106-h1h5q9qo	55	20	.	.	.
cord-031106-h1h5q9qo	56	1	More	more	RBR
cord-031106-h1h5q9qo	56	2	generally	generally	RB
cord-031106-h1h5q9qo	56	3	,	,	,
cord-031106-h1h5q9qo	56	4	as	as	IN
cord-031106-h1h5q9qo	56	5	argued	argue	VBN
cord-031106-h1h5q9qo	56	6	by	by	IN
cord-031106-h1h5q9qo	56	7	Barrero	Barrero	NNP
cord-031106-h1h5q9qo	56	8	,	,	,
cord-031106-h1h5q9qo	56	9	Bloom	Bloom	NNP
cord-031106-h1h5q9qo	56	10	&	&	CC
cord-031106-h1h5q9qo	56	11	Davis	Davis	NNP
cord-031106-h1h5q9qo	56	12	(	(	-LRB-
cord-031106-h1h5q9qo	56	13	2020	2020	CD
cord-031106-h1h5q9qo	56	14	)	)	-RRB-
cord-031106-h1h5q9qo	56	15	,	,	,
cord-031106-h1h5q9qo	56	16	the	the	DT
cord-031106-h1h5q9qo	56	17	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	56	18	shock	shock	NN
cord-031106-h1h5q9qo	56	19	will	will	MD
cord-031106-h1h5q9qo	56	20	require	require	VB
cord-031106-h1h5q9qo	56	21	substantial	substantial	JJ
cord-031106-h1h5q9qo	56	22	reallocation	reallocation	NN
cord-031106-h1h5q9qo	56	23	of	of	IN
cord-031106-h1h5q9qo	56	24	production	production	NN
cord-031106-h1h5q9qo	56	25	across	across	IN
cord-031106-h1h5q9qo	56	26	sectors	sector	NNS
cord-031106-h1h5q9qo	56	27	.	.	.
cord-031106-h1h5q9qo	57	1	Therefore	therefore	RB
cord-031106-h1h5q9qo	57	2	,	,	,
cord-031106-h1h5q9qo	57	3	firms	firm	NNS
cord-031106-h1h5q9qo	57	4	that	that	WDT
cord-031106-h1h5q9qo	57	5	looked	look	VBD
cord-031106-h1h5q9qo	57	6	healthy	healthy	JJ
cord-031106-h1h5q9qo	57	7	on	on	IN
cord-031106-h1h5q9qo	57	8	the	the	DT
cord-031106-h1h5q9qo	57	9	basis	basis	NN
cord-031106-h1h5q9qo	57	10	of	of	IN
cord-031106-h1h5q9qo	57	11	operating	operate	VBG
cord-031106-h1h5q9qo	57	12	performance	performance	NN
cord-031106-h1h5q9qo	57	13	in	in	IN
cord-031106-h1h5q9qo	57	14	January	January	NNP
cord-031106-h1h5q9qo	57	15	2020	2020	CD
cord-031106-h1h5q9qo	57	16	may	may	MD
cord-031106-h1h5q9qo	57	17	suddenly	suddenly	RB
cord-031106-h1h5q9qo	57	18	become	become	VB
cord-031106-h1h5q9qo	57	19	weak	weak	JJ
cord-031106-h1h5q9qo	57	20	performers	performer	NNS
cord-031106-h1h5q9qo	57	21	for	for	IN
cord-031106-h1h5q9qo	57	22	the	the	DT
cord-031106-h1h5q9qo	57	23	long	long	JJ
cord-031106-h1h5q9qo	57	24	term	term	NN
cord-031106-h1h5q9qo	57	25	and	and	CC
cord-031106-h1h5q9qo	57	26	vice	vice	NN
cord-031106-h1h5q9qo	57	27	versa	versa	RB
cord-031106-h1h5q9qo	57	28	.	.	.
cord-031106-h1h5q9qo	58	1	The	the	DT
cord-031106-h1h5q9qo	58	2	traditional	traditional	JJ
cord-031106-h1h5q9qo	58	3	definitions	definition	NNS
cord-031106-h1h5q9qo	58	4	used	use	VBN
cord-031106-h1h5q9qo	58	5	by	by	IN
cord-031106-h1h5q9qo	58	6	the	the	DT
cord-031106-h1h5q9qo	58	7	literature	literature	NN
cord-031106-h1h5q9qo	58	8	to	to	TO
cord-031106-h1h5q9qo	58	9	identify	identify	VB
cord-031106-h1h5q9qo	58	10	zombies	zombie	NNS
cord-031106-h1h5q9qo	58	11	will	will	MD
cord-031106-h1h5q9qo	58	12	therefore	therefore	RB
cord-031106-h1h5q9qo	58	13	be	be	VB
cord-031106-h1h5q9qo	58	14	of	of	IN
cord-031106-h1h5q9qo	58	15	limited	limited	JJ
cord-031106-h1h5q9qo	58	16	use	use	NN
cord-031106-h1h5q9qo	58	17	during	during	IN
cord-031106-h1h5q9qo	58	18	this	this	DT
cord-031106-h1h5q9qo	58	19	crisis	crisis	NN
cord-031106-h1h5q9qo	58	20	.	.	.
cord-031106-h1h5q9qo	59	1	Our	-PRON-	PRP$
cord-031106-h1h5q9qo	59	2	paper	paper	NN
cord-031106-h1h5q9qo	59	3	contributes	contribute	VBZ
cord-031106-h1h5q9qo	59	4	to	to	IN
cord-031106-h1h5q9qo	59	5	an	an	DT
cord-031106-h1h5q9qo	59	6	important	important	JJ
cord-031106-h1h5q9qo	59	7	academic	academic	JJ
cord-031106-h1h5q9qo	59	8	and	and	CC
cord-031106-h1h5q9qo	59	9	policy	policy	NN
cord-031106-h1h5q9qo	59	10	debate	debate	NN
cord-031106-h1h5q9qo	59	11	.	.	.
cord-031106-h1h5q9qo	60	1	In	in	IN
cord-031106-h1h5q9qo	60	2	fact	fact	NN
cord-031106-h1h5q9qo	60	3	,	,	,
cord-031106-h1h5q9qo	60	4	while	while	IN
cord-031106-h1h5q9qo	60	5	keeping	keep	VBG
cord-031106-h1h5q9qo	60	6	zombies	zombie	NNS
cord-031106-h1h5q9qo	60	7	alive	alive	JJ
cord-031106-h1h5q9qo	60	8	increases	increase	VBZ
cord-031106-h1h5q9qo	60	9	misallocation	misallocation	NN
cord-031106-h1h5q9qo	60	10	in	in	IN
cord-031106-h1h5q9qo	60	11	the	the	DT
cord-031106-h1h5q9qo	60	12	long	long	JJ
cord-031106-h1h5q9qo	60	13	run	run	NN
cord-031106-h1h5q9qo	60	14	,	,	,
cord-031106-h1h5q9qo	60	15	doing	do	VBG
cord-031106-h1h5q9qo	60	16	so	so	RB
cord-031106-h1h5q9qo	60	17	during	during	IN
cord-031106-h1h5q9qo	60	18	downturns	downturn	NNS
cord-031106-h1h5q9qo	60	19	may	may	MD
cord-031106-h1h5q9qo	60	20	have	have	VB
cord-031106-h1h5q9qo	60	21	beneficial	beneficial	JJ
cord-031106-h1h5q9qo	60	22	effects	effect	NNS
cord-031106-h1h5q9qo	60	23	in	in	IN
cord-031106-h1h5q9qo	60	24	the	the	DT
cord-031106-h1h5q9qo	60	25	short	short	JJ
cord-031106-h1h5q9qo	60	26	run	run	NN
cord-031106-h1h5q9qo	60	27	.	.	.
cord-031106-h1h5q9qo	61	1	First	first	RB
cord-031106-h1h5q9qo	61	2	,	,	,
cord-031106-h1h5q9qo	61	3	avoiding	avoid	VBG
cord-031106-h1h5q9qo	61	4	bankruptcies	bankruptcy	NNS
cord-031106-h1h5q9qo	61	5	prevents	prevent	VBZ
cord-031106-h1h5q9qo	61	6	layoffs	layoff	NNS
cord-031106-h1h5q9qo	61	7	.	.	.
cord-031106-h1h5q9qo	62	1	This	this	DT
cord-031106-h1h5q9qo	62	2	in	in	IN
cord-031106-h1h5q9qo	62	3	turn	turn	NN
cord-031106-h1h5q9qo	62	4	can	can	MD
cord-031106-h1h5q9qo	62	5	mitigate	mitigate	VB
cord-031106-h1h5q9qo	62	6	the	the	DT
cord-031106-h1h5q9qo	62	7	adverse	adverse	JJ
cord-031106-h1h5q9qo	62	8	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	62	9	demand	demand	NN
cord-031106-h1h5q9qo	62	10	externalities	externality	NNS
cord-031106-h1h5q9qo	62	11	that	that	WDT
cord-031106-h1h5q9qo	62	12	are	be	VBP
cord-031106-h1h5q9qo	62	13	important	important	JJ
cord-031106-h1h5q9qo	62	14	during	during	IN
cord-031106-h1h5q9qo	62	15	a	a	DT
cord-031106-h1h5q9qo	62	16	recession	recession	NN
cord-031106-h1h5q9qo	62	17	(	(	-LRB-
cord-031106-h1h5q9qo	62	18	Mian	Mian	NNP
cord-031106-h1h5q9qo	62	19	,	,	,
cord-031106-h1h5q9qo	62	20	Sufi	Sufi	NNP
cord-031106-h1h5q9qo	62	21	&	&	CC
cord-031106-h1h5q9qo	62	22	Trebbi	Trebbi	NNP
cord-031106-h1h5q9qo	62	23	2015	2015	CD
cord-031106-h1h5q9qo	62	24	)	)	-RRB-
cord-031106-h1h5q9qo	62	25	.	.	.
cord-031106-h1h5q9qo	63	1	Firms	firm	NNS
cord-031106-h1h5q9qo	63	2	closures	closure	NNS
cord-031106-h1h5q9qo	63	3	can	can	MD
cord-031106-h1h5q9qo	63	4	also	also	RB
cord-031106-h1h5q9qo	63	5	disrupt	disrupt	VB
cord-031106-h1h5q9qo	63	6	inputoutput	inputoutput	NN
cord-031106-h1h5q9qo	63	7	relationships	relationship	NNS
cord-031106-h1h5q9qo	63	8	that	that	WDT
cord-031106-h1h5q9qo	63	9	,	,	,
cord-031106-h1h5q9qo	63	10	at	at	IN
cord-031106-h1h5q9qo	63	11	least	least	JJS
cord-031106-h1h5q9qo	63	12	in	in	IN
cord-031106-h1h5q9qo	63	13	the	the	DT
cord-031106-h1h5q9qo	63	14	short	short	JJ
cord-031106-h1h5q9qo	63	15	run	run	NN
cord-031106-h1h5q9qo	63	16	,	,	,
cord-031106-h1h5q9qo	63	17	can	can	MD
cord-031106-h1h5q9qo	63	18	be	be	VB
cord-031106-h1h5q9qo	63	19	difficult	difficult	JJ
cord-031106-h1h5q9qo	63	20	to	to	TO
cord-031106-h1h5q9qo	63	21	substitute	substitute	VB
cord-031106-h1h5q9qo	63	22	for	for	IN
cord-031106-h1h5q9qo	63	23	(	(	-LRB-
cord-031106-h1h5q9qo	63	24	Barrot	Barrot	NNP
cord-031106-h1h5q9qo	63	25	&	&	CC
cord-031106-h1h5q9qo	63	26	Sauvagnat	Sauvagnat	NNP
cord-031106-h1h5q9qo	63	27	2016	2016	CD
cord-031106-h1h5q9qo	63	28	,	,	,
cord-031106-h1h5q9qo	63	29	Bernstein	Bernstein	NNP
cord-031106-h1h5q9qo	63	30	,	,	,
cord-031106-h1h5q9qo	63	31	Colonnelli	Colonnelli	NNP
cord-031106-h1h5q9qo	63	32	,	,	,
cord-031106-h1h5q9qo	63	33	Giroud	Giroud	NNP
cord-031106-h1h5q9qo	63	34	&	&	CC
cord-031106-h1h5q9qo	63	35	Iverson	Iverson	NNP
cord-031106-h1h5q9qo	63	36	2019	2019	CD
cord-031106-h1h5q9qo	63	37	.	.	.
cord-031106-h1h5q9qo	64	1	1	1	LS
cord-031106-h1h5q9qo	65	1	Given	give	VBN
cord-031106-h1h5q9qo	65	2	that	that	IN
cord-031106-h1h5q9qo	65	3	the	the	DT
cord-031106-h1h5q9qo	65	4	effects	effect	NNS
cord-031106-h1h5q9qo	65	5	are	be	VBP
cord-031106-h1h5q9qo	65	6	ex	ex	FW
cord-031106-h1h5q9qo	65	7	ante	ante	RB
cord-031106-h1h5q9qo	65	8	ambiguous	ambiguous	JJ
cord-031106-h1h5q9qo	65	9	,	,	,
cord-031106-h1h5q9qo	65	10	policy	policy	NN
cord-031106-h1h5q9qo	65	11	prescriptions	prescription	NNS
cord-031106-h1h5q9qo	65	12	should	should	MD
cord-031106-h1h5q9qo	65	13	be	be	VB
cord-031106-h1h5q9qo	65	14	based	base	VBN
cord-031106-h1h5q9qo	65	15	on	on	IN
cord-031106-h1h5q9qo	65	16	uncontroversial	uncontroversial	JJ
cord-031106-h1h5q9qo	65	17	evidence	evidence	NN
cord-031106-h1h5q9qo	65	18	.	.	.
cord-031106-h1h5q9qo	66	1	These	these	DT
cord-031106-h1h5q9qo	66	2	considerations	consideration	NNS
cord-031106-h1h5q9qo	66	3	are	be	VBP
cord-031106-h1h5q9qo	66	4	particularly	particularly	RB
cord-031106-h1h5q9qo	66	5	important	important	JJ
cord-031106-h1h5q9qo	66	6	during	during	IN
cord-031106-h1h5q9qo	66	7	the	the	DT
cord-031106-h1h5q9qo	66	8	crisis	crisis	NN
cord-031106-h1h5q9qo	66	9	generated	generate	VBN
cord-031106-h1h5q9qo	66	10	by	by	IN
cord-031106-h1h5q9qo	66	11	the	the	DT
cord-031106-h1h5q9qo	66	12	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	66	13	pandemic	pandemic	NN
cord-031106-h1h5q9qo	66	14	,	,	,
cord-031106-h1h5q9qo	66	15	whose	whose	WP$
cord-031106-h1h5q9qo	66	16	speed	speed	NN
cord-031106-h1h5q9qo	66	17	of	of	IN
cord-031106-h1h5q9qo	66	18	diffusion	diffusion	NN
cord-031106-h1h5q9qo	66	19	and	and	CC
cord-031106-h1h5q9qo	66	20	severity	severity	NN
cord-031106-h1h5q9qo	66	21	is	be	VBZ
cord-031106-h1h5q9qo	66	22	unprecedented	unprecedented	JJ
cord-031106-h1h5q9qo	66	23	.	.	.
cord-031106-h1h5q9qo	67	1	The	the	DT
cord-031106-h1h5q9qo	67	2	crisis	crisis	NN
cord-031106-h1h5q9qo	67	3	induced	induce	VBN
cord-031106-h1h5q9qo	67	4	by	by	IN
cord-031106-h1h5q9qo	67	5	the	the	DT
cord-031106-h1h5q9qo	67	6	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	67	7	pandemic	pandemic	NN
cord-031106-h1h5q9qo	67	8	has	have	VBZ
cord-031106-h1h5q9qo	67	9	hit	hit	VBN
cord-031106-h1h5q9qo	67	10	the	the	DT
cord-031106-h1h5q9qo	67	11	economy	economy	NN
cord-031106-h1h5q9qo	67	12	with	with	IN
cord-031106-h1h5q9qo	67	13	unprecedented	unprecedented	JJ
cord-031106-h1h5q9qo	67	14	speed	speed	NN
cord-031106-h1h5q9qo	67	15	and	and	CC
cord-031106-h1h5q9qo	67	16	strength	strength	NN
cord-031106-h1h5q9qo	67	17	in	in	IN
cord-031106-h1h5q9qo	67	18	several	several	JJ
cord-031106-h1h5q9qo	67	19	countries	country	NNS
cord-031106-h1h5q9qo	67	20	,	,	,
cord-031106-h1h5q9qo	67	21	forcing	force	VBG
cord-031106-h1h5q9qo	67	22	many	many	JJ
cord-031106-h1h5q9qo	67	23	businesses	business	NNS
cord-031106-h1h5q9qo	67	24	to	to	TO
cord-031106-h1h5q9qo	67	25	completely	completely	RB
cord-031106-h1h5q9qo	67	26	shut	shut	VB
cord-031106-h1h5q9qo	67	27	down	down	RP
cord-031106-h1h5q9qo	67	28	operations	operation	NNS
cord-031106-h1h5q9qo	67	29	for	for	IN
cord-031106-h1h5q9qo	67	30	months	month	NNS
cord-031106-h1h5q9qo	67	31	.	.	.
cord-031106-h1h5q9qo	68	1	Sales	sale	NNS
cord-031106-h1h5q9qo	68	2	and	and	CC
cord-031106-h1h5q9qo	68	3	cash	cash	NN
cord-031106-h1h5q9qo	68	4	flows	flow	NNS
cord-031106-h1h5q9qo	68	5	dropped	drop	VBD
cord-031106-h1h5q9qo	68	6	dramatically	dramatically	RB
cord-031106-h1h5q9qo	68	7	and	and	CC
cord-031106-h1h5q9qo	68	8	will	will	MD
cord-031106-h1h5q9qo	68	9	remain	remain	VB
cord-031106-h1h5q9qo	68	10	low	low	JJ
cord-031106-h1h5q9qo	68	11	for	for	IN
cord-031106-h1h5q9qo	68	12	an	an	DT
cord-031106-h1h5q9qo	68	13	extended	extended	JJ
cord-031106-h1h5q9qo	68	14	period	period	NN
cord-031106-h1h5q9qo	68	15	of	of	IN
cord-031106-h1h5q9qo	68	16	time	time	NN
cord-031106-h1h5q9qo	68	17	.	.	.
cord-031106-h1h5q9qo	69	1	To	to	TO
cord-031106-h1h5q9qo	69	2	prevent	prevent	VB
cord-031106-h1h5q9qo	69	3	the	the	DT
cord-031106-h1h5q9qo	69	4	ensuing	ensue	VBG
cord-031106-h1h5q9qo	69	5	liquidity	liquidity	NN
cord-031106-h1h5q9qo	69	6	crisis	crisis	NN
cord-031106-h1h5q9qo	69	7	from	from	IN
cord-031106-h1h5q9qo	69	8	pushing	push	VBG
cord-031106-h1h5q9qo	69	9	many	many	JJ
cord-031106-h1h5q9qo	69	10	solvent	solvent	NN
cord-031106-h1h5q9qo	69	11	but	but	CC
cord-031106-h1h5q9qo	69	12	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	69	13	firms	firm	NNS
cord-031106-h1h5q9qo	69	14	out	out	IN
cord-031106-h1h5q9qo	69	15	of	of	IN
cord-031106-h1h5q9qo	69	16	business	business	NN
cord-031106-h1h5q9qo	69	17	,	,	,
cord-031106-h1h5q9qo	69	18	almost	almost	RB
cord-031106-h1h5q9qo	69	19	all	all	DT
cord-031106-h1h5q9qo	69	20	countries	country	NNS
cord-031106-h1h5q9qo	69	21	set	set	VBD
cord-031106-h1h5q9qo	69	22	up	up	RP
cord-031106-h1h5q9qo	69	23	some	some	DT
cord-031106-h1h5q9qo	69	24	form	form	NN
cord-031106-h1h5q9qo	69	25	of	of	IN
cord-031106-h1h5q9qo	69	26	public	public	JJ
cord-031106-h1h5q9qo	69	27	guarantee	guarantee	NN
cord-031106-h1h5q9qo	69	28	scheme	scheme	NN
cord-031106-h1h5q9qo	69	29	for	for	IN
cord-031106-h1h5q9qo	69	30	loans	loan	NNS
cord-031106-h1h5q9qo	69	31	to	to	IN
cord-031106-h1h5q9qo	69	32	nonfinancial	nonfinancial	JJ
cord-031106-h1h5q9qo	69	33	firms	firm	NNS
cord-031106-h1h5q9qo	69	34	(	(	-LRB-
cord-031106-h1h5q9qo	69	35	OECD	OECD	NNP
cord-031106-h1h5q9qo	69	36	2020	2020	CD
cord-031106-h1h5q9qo	69	37	)	)	-RRB-
cord-031106-h1h5q9qo	69	38	.	.	.
cord-031106-h1h5q9qo	70	1	This	this	DT
cord-031106-h1h5q9qo	70	2	is	be	VBZ
cord-031106-h1h5q9qo	70	3	a	a	DT
cord-031106-h1h5q9qo	70	4	necessary	necessary	JJ
cord-031106-h1h5q9qo	70	5	measure	measure	NN
cord-031106-h1h5q9qo	70	6	to	to	TO
cord-031106-h1h5q9qo	70	7	avoid	avoid	VB
cord-031106-h1h5q9qo	70	8	a	a	DT
cord-031106-h1h5q9qo	70	9	massive	massive	JJ
cord-031106-h1h5q9qo	70	10	wave	wave	NN
cord-031106-h1h5q9qo	70	11	of	of	IN
cord-031106-h1h5q9qo	70	12	bankruptcies	bankruptcy	NNS
cord-031106-h1h5q9qo	70	13	.	.	.
cord-031106-h1h5q9qo	71	1	At	at	IN
cord-031106-h1h5q9qo	71	2	the	the	DT
cord-031106-h1h5q9qo	71	3	same	same	JJ
cord-031106-h1h5q9qo	71	4	time	time	NN
cord-031106-h1h5q9qo	71	5	,	,	,
cord-031106-h1h5q9qo	71	6	it	-PRON-	PRP
cord-031106-h1h5q9qo	71	7	might	may	MD
cord-031106-h1h5q9qo	71	8	have	have	VB
cord-031106-h1h5q9qo	71	9	unintended	unintended	JJ
cord-031106-h1h5q9qo	71	10	consequences	consequence	NNS
cord-031106-h1h5q9qo	71	11	in	in	IN
cord-031106-h1h5q9qo	71	12	the	the	DT
cord-031106-h1h5q9qo	71	13	medium	medium	JJ
cord-031106-h1h5q9qo	71	14	run	run	NN
cord-031106-h1h5q9qo	71	15	.	.	.
cord-031106-h1h5q9qo	72	1	The	the	DT
cord-031106-h1h5q9qo	72	2	public	public	JJ
cord-031106-h1h5q9qo	72	3	guarantee	guarantee	NN
cord-031106-h1h5q9qo	72	4	and	and	CC
cord-031106-h1h5q9qo	72	5	the	the	DT
cord-031106-h1h5q9qo	72	6	pressure	pressure	NN
cord-031106-h1h5q9qo	72	7	on	on	IN
cord-031106-h1h5q9qo	72	8	the	the	DT
cord-031106-h1h5q9qo	72	9	banking	banking	NN
cord-031106-h1h5q9qo	72	10	system	system	NN
cord-031106-h1h5q9qo	72	11	to	to	TO
cord-031106-h1h5q9qo	72	12	act	act	VB
cord-031106-h1h5q9qo	72	13	quickly	quickly	RB
cord-031106-h1h5q9qo	72	14	imply	imply	VB
cord-031106-h1h5q9qo	72	15	that	that	IN
cord-031106-h1h5q9qo	72	16	lending	lending	NN
cord-031106-h1h5q9qo	72	17	standards	standard	NNS
cord-031106-h1h5q9qo	72	18	will	will	MD
cord-031106-h1h5q9qo	72	19	be	be	VB
cord-031106-h1h5q9qo	72	20	weakened	weaken	VBN
cord-031106-h1h5q9qo	72	21	and	and	CC
cord-031106-h1h5q9qo	72	22	that	that	IN
cord-031106-h1h5q9qo	72	23	loans	loan	NNS
cord-031106-h1h5q9qo	72	24	also	also	RB
cord-031106-h1h5q9qo	72	25	will	will	MD
cord-031106-h1h5q9qo	72	26	be	be	VB
cord-031106-h1h5q9qo	72	27	extended	extend	VBN
cord-031106-h1h5q9qo	72	28	to	to	IN
cord-031106-h1h5q9qo	72	29	firms	firm	NNS
cord-031106-h1h5q9qo	72	30	that	that	WDT
cord-031106-h1h5q9qo	72	31	were	be	VBD
cord-031106-h1h5q9qo	72	32	already	already	RB
cord-031106-h1h5q9qo	72	33	suffering	suffer	VBG
cord-031106-h1h5q9qo	72	34	before	before	IN
cord-031106-h1h5q9qo	72	35	the	the	DT
cord-031106-h1h5q9qo	72	36	crisis	crisis	NN
cord-031106-h1h5q9qo	72	37	;	;	:
cord-031106-h1h5q9qo	72	38	that	that	RB
cord-031106-h1h5q9qo	72	39	is	is	RB
cord-031106-h1h5q9qo	72	40	,	,	,
cord-031106-h1h5q9qo	72	41	the	the	DT
cord-031106-h1h5q9qo	72	42	crisis	crisis	NN
cord-031106-h1h5q9qo	72	43	might	may	MD
cord-031106-h1h5q9qo	72	44	be	be	VB
cord-031106-h1h5q9qo	72	45	characterized	characterize	VBN
cord-031106-h1h5q9qo	72	46	by	by	IN
cord-031106-h1h5q9qo	72	47	massive	massive	JJ
cord-031106-h1h5q9qo	72	48	zombie	zombie	NN
cord-031106-h1h5q9qo	72	49	lending	lending	NN
cord-031106-h1h5q9qo	72	50	.	.	.
cord-031106-h1h5q9qo	73	1	Evidence	evidence	NN
cord-031106-h1h5q9qo	73	2	,	,	,
cord-031106-h1h5q9qo	73	3	which	which	WDT
cord-031106-h1h5q9qo	73	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	73	5	will	will	MD
cord-031106-h1h5q9qo	73	6	discuss	discuss	VB
cord-031106-h1h5q9qo	73	7	in	in	IN
cord-031106-h1h5q9qo	73	8	the	the	DT
cord-031106-h1h5q9qo	73	9	next	next	JJ
cord-031106-h1h5q9qo	73	10	sections	section	NNS
cord-031106-h1h5q9qo	73	11	,	,	,
cord-031106-h1h5q9qo	73	12	indicates	indicate	VBZ
cord-031106-h1h5q9qo	73	13	that	that	IN
cord-031106-h1h5q9qo	73	14	zombie	zombie	NN
cord-031106-h1h5q9qo	73	15	lending	lending	NN
cord-031106-h1h5q9qo	73	16	may	may	MD
cord-031106-h1h5q9qo	73	17	slow	slow	VB
cord-031106-h1h5q9qo	73	18	recovery	recovery	NN
cord-031106-h1h5q9qo	73	19	.	.	.
cord-031106-h1h5q9qo	74	1	In	in	IN
cord-031106-h1h5q9qo	74	2	this	this	DT
cord-031106-h1h5q9qo	74	3	section	section	NN
cord-031106-h1h5q9qo	74	4	,	,	,
cord-031106-h1h5q9qo	74	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	74	6	use	use	VBP
cord-031106-h1h5q9qo	74	7	data	datum	NNS
cord-031106-h1h5q9qo	74	8	from	from	IN
cord-031106-h1h5q9qo	74	9	Italy	Italy	NNP
cord-031106-h1h5q9qo	74	10	to	to	TO
cord-031106-h1h5q9qo	74	11	supply	supply	VB
cord-031106-h1h5q9qo	74	12	some	some	DT
cord-031106-h1h5q9qo	74	13	evidence	evidence	NN
cord-031106-h1h5q9qo	74	14	on	on	IN
cord-031106-h1h5q9qo	74	15	the	the	DT
cord-031106-h1h5q9qo	74	16	potential	potential	JJ
cord-031106-h1h5q9qo	74	17	dimensions	dimension	NNS
cord-031106-h1h5q9qo	74	18	of	of	IN
cord-031106-h1h5q9qo	74	19	this	this	DT
cord-031106-h1h5q9qo	74	20	phenomenon	phenomenon	NN
cord-031106-h1h5q9qo	74	21	.	.	.
cord-031106-h1h5q9qo	75	1	The	the	DT
cord-031106-h1h5q9qo	75	2	data	datum	NNS
cord-031106-h1h5q9qo	75	3	come	come	VBP
cord-031106-h1h5q9qo	75	4	from	from	IN
cord-031106-h1h5q9qo	75	5	the	the	DT
cord-031106-h1h5q9qo	75	6	Firm	Firm	NNP
cord-031106-h1h5q9qo	75	7	Register	Register	NNP
cord-031106-h1h5q9qo	75	8	compiled	compile	VBN
cord-031106-h1h5q9qo	75	9	by	by	IN
cord-031106-h1h5q9qo	75	10	the	the	DT
cord-031106-h1h5q9qo	75	11	data	data	NN
cord-031106-h1h5q9qo	75	12	provider	provider	NN
cord-031106-h1h5q9qo	75	13	Cerved	Cerved	NNP
cord-031106-h1h5q9qo	75	14	and	and	CC
cord-031106-h1h5q9qo	75	15	contain	contain	VB
cord-031106-h1h5q9qo	75	16	detailed	detailed	JJ
cord-031106-h1h5q9qo	75	17	balance	balance	NN
cord-031106-h1h5q9qo	75	18	sheets	sheet	NNS
cord-031106-h1h5q9qo	75	19	information	information	NN
cord-031106-h1h5q9qo	75	20	for	for	IN
cord-031106-h1h5q9qo	75	21	all	all	DT
cord-031106-h1h5q9qo	75	22	incorporated	incorporate	VBN
cord-031106-h1h5q9qo	75	23	businesses	business	NNS
cord-031106-h1h5q9qo	75	24	.	.	.
cord-031106-h1h5q9qo	76	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	76	2	consider	consider	VBP
cord-031106-h1h5q9qo	76	3	nonfinancial	nonfinancial	JJ
cord-031106-h1h5q9qo	76	4	firms	firm	NNS
cord-031106-h1h5q9qo	76	5	but	but	CC
cord-031106-h1h5q9qo	76	6	exclude	exclude	VB
cord-031106-h1h5q9qo	76	7	agriculture	agriculture	NN
cord-031106-h1h5q9qo	76	8	.	.	.
cord-031106-h1h5q9qo	77	1	The	the	DT
cord-031106-h1h5q9qo	77	2	data	datum	NNS
cord-031106-h1h5q9qo	77	3	refer	refer	VBP
cord-031106-h1h5q9qo	77	4	to	to	IN
cord-031106-h1h5q9qo	77	5	almost	almost	RB
cord-031106-h1h5q9qo	77	6	650,000	650,000	CD
cord-031106-h1h5q9qo	77	7	firms	firm	NNS
cord-031106-h1h5q9qo	77	8	,	,	,
cord-031106-h1h5q9qo	77	9	accounting	account	VBG
cord-031106-h1h5q9qo	77	10	for	for	IN
cord-031106-h1h5q9qo	77	11	approximately	approximately	RB
cord-031106-h1h5q9qo	77	12	70	70	CD
cord-031106-h1h5q9qo	77	13	%	%	NN
cord-031106-h1h5q9qo	77	14	of	of	IN
cord-031106-h1h5q9qo	77	15	private	private	JJ
cord-031106-h1h5q9qo	77	16	sector	sector	NN
cord-031106-h1h5q9qo	77	17	value	value	NN
cord-031106-h1h5q9qo	77	18	added	add	VBN
cord-031106-h1h5q9qo	77	19	.	.	.
cord-031106-h1h5q9qo	78	1	Most	Most	JJS
cord-031106-h1h5q9qo	78	2	of	of	IN
cord-031106-h1h5q9qo	78	3	the	the	DT
cord-031106-h1h5q9qo	78	4	firms	firm	NNS
cord-031106-h1h5q9qo	78	5	are	be	VBP
cord-031106-h1h5q9qo	78	6	SMEs	sme	NNS
cord-031106-h1h5q9qo	78	7	,	,	,
cord-031106-h1h5q9qo	78	8	the	the	DT
cord-031106-h1h5q9qo	78	9	main	main	JJ
cord-031106-h1h5q9qo	78	10	target	target	NN
cord-031106-h1h5q9qo	78	11	of	of	IN
cord-031106-h1h5q9qo	78	12	the	the	DT
cord-031106-h1h5q9qo	78	13	public	public	JJ
cord-031106-h1h5q9qo	78	14	guarantee	guarantee	NN
cord-031106-h1h5q9qo	78	15	schemes	scheme	NNS
cord-031106-h1h5q9qo	78	16	.	.	.
cord-031106-h1h5q9qo	79	1	Cerved	Cerved	NNP
cord-031106-h1h5q9qo	79	2	produces	produce	VBZ
cord-031106-h1h5q9qo	79	3	an	an	DT
cord-031106-h1h5q9qo	79	4	Altman	Altman	NNP
cord-031106-h1h5q9qo	79	5	z	z	NN
cord-031106-h1h5q9qo	79	6	-	-	HYPH
cord-031106-h1h5q9qo	79	7	score	score	NN
cord-031106-h1h5q9qo	79	8	that	that	WDT
cord-031106-h1h5q9qo	79	9	measures	measure	VBZ
cord-031106-h1h5q9qo	79	10	firms	firm	NNS
cord-031106-h1h5q9qo	79	11	'	'	POS
cord-031106-h1h5q9qo	79	12	creditworthiness	creditworthiness	NN
cord-031106-h1h5q9qo	79	13	,	,	,
cord-031106-h1h5q9qo	79	14	which	which	WDT
cord-031106-h1h5q9qo	79	15	is	be	VBZ
cord-031106-h1h5q9qo	79	16	extensively	extensively	RB
cord-031106-h1h5q9qo	79	17	used	use	VBN
cord-031106-h1h5q9qo	79	18	by	by	IN
cord-031106-h1h5q9qo	79	19	banks	bank	NNS
cord-031106-h1h5q9qo	79	20	when	when	WRB
cord-031106-h1h5q9qo	79	21	evaluating	evaluate	VBG
cord-031106-h1h5q9qo	79	22	credit	credit	NN
cord-031106-h1h5q9qo	79	23	applications	application	NNS
cord-031106-h1h5q9qo	79	24	.	.	.
cord-031106-h1h5q9qo	80	1	The	the	DT
cord-031106-h1h5q9qo	80	2	score	score	NN
cord-031106-h1h5q9qo	80	3	takes	take	VBZ
cord-031106-h1h5q9qo	80	4	values	value	NNS
cord-031106-h1h5q9qo	80	5	from	from	IN
cord-031106-h1h5q9qo	80	6	1	1	CD
cord-031106-h1h5q9qo	80	7	to	to	IN
cord-031106-h1h5q9qo	80	8	10	10	CD
cord-031106-h1h5q9qo	80	9	,	,	,
cord-031106-h1h5q9qo	80	10	with	with	IN
cord-031106-h1h5q9qo	80	11	higher	high	JJR
cord-031106-h1h5q9qo	80	12	values	value	NNS
cord-031106-h1h5q9qo	80	13	signaling	signal	VBG
cord-031106-h1h5q9qo	80	14	higher	high	JJR
cord-031106-h1h5q9qo	80	15	probability	probability	NN
cord-031106-h1h5q9qo	80	16	of	of	IN
cord-031106-h1h5q9qo	80	17	default	default	NN
cord-031106-h1h5q9qo	80	18	.	.	.
cord-031106-h1h5q9qo	81	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	81	2	define	define	VBP
cord-031106-h1h5q9qo	81	3	"	"	``
cord-031106-h1h5q9qo	81	4	zombies	zombie	NNS
cord-031106-h1h5q9qo	81	5	"	"	''
cord-031106-h1h5q9qo	81	6	as	as	IN
cord-031106-h1h5q9qo	81	7	firms	firm	NNS
cord-031106-h1h5q9qo	81	8	with	with	IN
cord-031106-h1h5q9qo	81	9	scores	score	NNS
cord-031106-h1h5q9qo	81	10	of	of	IN
cord-031106-h1h5q9qo	81	11	8	8	CD
cord-031106-h1h5q9qo	81	12	,	,	,
cord-031106-h1h5q9qo	81	13	9	9	CD
cord-031106-h1h5q9qo	81	14	,	,	,
cord-031106-h1h5q9qo	81	15	or	or	CC
cord-031106-h1h5q9qo	81	16	10	10	CD
cord-031106-h1h5q9qo	81	17	,	,	,
cord-031106-h1h5q9qo	81	18	the	the	DT
cord-031106-h1h5q9qo	81	19	categories	category	NNS
cord-031106-h1h5q9qo	81	20	used	use	VBN
cord-031106-h1h5q9qo	81	21	to	to	TO
cord-031106-h1h5q9qo	81	22	flag	flag	VB
cord-031106-h1h5q9qo	81	23	troubled	troubled	JJ
cord-031106-h1h5q9qo	81	24	firms	firm	NNS
cord-031106-h1h5q9qo	81	25	.	.	.
cord-031106-h1h5q9qo	82	1	2	2	LS
cord-031106-h1h5q9qo	83	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	83	2	use	use	VBP
cord-031106-h1h5q9qo	83	3	the	the	DT
cord-031106-h1h5q9qo	83	4	most	most	RBS
cord-031106-h1h5q9qo	83	5	recent	recent	JJ
cord-031106-h1h5q9qo	83	6	available	available	JJ
cord-031106-h1h5q9qo	83	7	data	datum	NNS
cord-031106-h1h5q9qo	83	8	,	,	,
cord-031106-h1h5q9qo	83	9	referring	refer	VBG
cord-031106-h1h5q9qo	83	10	to	to	IN
cord-031106-h1h5q9qo	83	11	2018	2018	CD
cord-031106-h1h5q9qo	83	12	.	.	.
cord-031106-h1h5q9qo	84	1	This	this	DT
cord-031106-h1h5q9qo	84	2	means	mean	VBZ
cord-031106-h1h5q9qo	84	3	that	that	IN
cord-031106-h1h5q9qo	84	4	flows	flow	NNS
cord-031106-h1h5q9qo	84	5	,	,	,
cord-031106-h1h5q9qo	84	6	such	such	JJ
cord-031106-h1h5q9qo	84	7	as	as	IN
cord-031106-h1h5q9qo	84	8	sales	sale	NNS
cord-031106-h1h5q9qo	84	9	and	and	CC
cord-031106-h1h5q9qo	84	10	costs	cost	NNS
cord-031106-h1h5q9qo	84	11	,	,	,
cord-031106-h1h5q9qo	84	12	are	be	VBP
cord-031106-h1h5q9qo	84	13	for	for	IN
cord-031106-h1h5q9qo	84	14	the	the	DT
cord-031106-h1h5q9qo	84	15	full	full	JJ
cord-031106-h1h5q9qo	84	16	year	year	NN
cord-031106-h1h5q9qo	84	17	,	,	,
cord-031106-h1h5q9qo	84	18	and	and	CC
cord-031106-h1h5q9qo	84	19	stocks	stock	NNS
cord-031106-h1h5q9qo	84	20	,	,	,
cord-031106-h1h5q9qo	84	21	such	such	JJ
cord-031106-h1h5q9qo	84	22	as	as	IN
cord-031106-h1h5q9qo	84	23	liquidity	liquidity	NN
cord-031106-h1h5q9qo	84	24	,	,	,
cord-031106-h1h5q9qo	84	25	are	be	VBP
cord-031106-h1h5q9qo	84	26	measured	measure	VBN
cord-031106-h1h5q9qo	84	27	at	at	IN
cord-031106-h1h5q9qo	84	28	the	the	DT
cord-031106-h1h5q9qo	84	29	end	end	NN
cord-031106-h1h5q9qo	84	30	of	of	IN
cord-031106-h1h5q9qo	84	31	2018	2018	CD
cord-031106-h1h5q9qo	84	32	.	.	.
cord-031106-h1h5q9qo	85	1	3	3	CD
cord-031106-h1h5q9qo	85	2	Table	table	NN
cord-031106-h1h5q9qo	85	3	1	1	CD
cord-031106-h1h5q9qo	85	4	reports	report	VBZ
cord-031106-h1h5q9qo	85	5	descriptive	descriptive	JJ
cord-031106-h1h5q9qo	85	6	statistics	statistic	NNS
cord-031106-h1h5q9qo	85	7	for	for	IN
cord-031106-h1h5q9qo	85	8	firms	firm	NNS
cord-031106-h1h5q9qo	85	9	,	,	,
cord-031106-h1h5q9qo	85	10	separately	separately	RB
cord-031106-h1h5q9qo	85	11	for	for	IN
cord-031106-h1h5q9qo	85	12	zombies	zombie	NNS
cord-031106-h1h5q9qo	85	13	and	and	CC
cord-031106-h1h5q9qo	85	14	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	85	15	.	.	.
cord-031106-h1h5q9qo	86	1	Firms	firm	NNS
cord-031106-h1h5q9qo	86	2	in	in	IN
cord-031106-h1h5q9qo	86	3	the	the	DT
cord-031106-h1h5q9qo	86	4	three	three	CD
cord-031106-h1h5q9qo	86	5	riskiest	risky	JJS
cord-031106-h1h5q9qo	86	6	score	score	NN
cord-031106-h1h5q9qo	86	7	classes	class	NNS
cord-031106-h1h5q9qo	86	8	-	-	,
cord-031106-h1h5q9qo	86	9	the	the	DT
cord-031106-h1h5q9qo	86	10	zombies	zombie	NNS
cord-031106-h1h5q9qo	86	11	-	-	,
cord-031106-h1h5q9qo	86	12	are	be	VBP
cord-031106-h1h5q9qo	86	13	11	11	CD
cord-031106-h1h5q9qo	86	14	%	%	NN
cord-031106-h1h5q9qo	86	15	of	of	IN
cord-031106-h1h5q9qo	86	16	the	the	DT
cord-031106-h1h5q9qo	86	17	total	total	NN
cord-031106-h1h5q9qo	86	18	.	.	.
cord-031106-h1h5q9qo	87	1	They	-PRON-	PRP
cord-031106-h1h5q9qo	87	2	are	be	VBP
cord-031106-h1h5q9qo	87	3	on	on	IN
cord-031106-h1h5q9qo	87	4	average	average	JJ
cord-031106-h1h5q9qo	87	5	smaller	small	JJR
cord-031106-h1h5q9qo	87	6	,	,	,
cord-031106-h1h5q9qo	87	7	in	in	IN
cord-031106-h1h5q9qo	87	8	terms	term	NNS
cord-031106-h1h5q9qo	87	9	of	of	IN
cord-031106-h1h5q9qo	87	10	both	both	DT
cord-031106-h1h5q9qo	87	11	sales	sale	NNS
cord-031106-h1h5q9qo	87	12	(	(	-LRB-
cord-031106-h1h5q9qo	87	13	average	average	JJ
cord-031106-h1h5q9qo	87	14	1.3	1.3	CD
cord-031106-h1h5q9qo	87	15	million	million	CD
cord-031106-h1h5q9qo	87	16	against	against	IN
cord-031106-h1h5q9qo	87	17	4.3	4.3	CD
cord-031106-h1h5q9qo	87	18	)	)	-RRB-
cord-031106-h1h5q9qo	87	19	and	and	CC
cord-031106-h1h5q9qo	87	20	employment	employment	NN
cord-031106-h1h5q9qo	87	21	(	(	-LRB-
cord-031106-h1h5q9qo	87	22	9	9	CD
cord-031106-h1h5q9qo	87	23	vs.	vs.	IN
cord-031106-h1h5q9qo	87	24	16	16	CD
cord-031106-h1h5q9qo	87	25	)	)	-RRB-
cord-031106-h1h5q9qo	87	26	.	.	.
cord-031106-h1h5q9qo	88	1	Zombie	zombie	NN
cord-031106-h1h5q9qo	88	2	firms	firm	NNS
cord-031106-h1h5q9qo	88	3	are	be	VBP
cord-031106-h1h5q9qo	88	4	clearly	clearly	RB
cord-031106-h1h5q9qo	88	5	financially	financially	RB
cord-031106-h1h5q9qo	88	6	fragile	fragile	JJ
cord-031106-h1h5q9qo	88	7	:	:	:
cord-031106-h1h5q9qo	88	8	the	the	DT
cord-031106-h1h5q9qo	88	9	median	median	JJ
cord-031106-h1h5q9qo	88	10	firm	firm	NN
cord-031106-h1h5q9qo	88	11	has	have	VBZ
cord-031106-h1h5q9qo	88	12	2,000	2,000	CD
cord-031106-h1h5q9qo	88	13	euros	euro	NNS
cord-031106-h1h5q9qo	88	14	of	of	IN
cord-031106-h1h5q9qo	88	15	equity	equity	NN
cord-031106-h1h5q9qo	88	16	,	,	,
cord-031106-h1h5q9qo	88	17	and	and	CC
cord-031106-h1h5q9qo	88	18	the	the	DT
cord-031106-h1h5q9qo	88	19	25th	25th	JJ
cord-031106-h1h5q9qo	88	20	percentile	percentile	NN
cord-031106-h1h5q9qo	88	21	has	have	VBZ
cord-031106-h1h5q9qo	88	22	negative	negative	JJ
cord-031106-h1h5q9qo	88	23	equity	equity	NN
cord-031106-h1h5q9qo	88	24	.	.	.
cord-031106-h1h5q9qo	89	1	Their	-PRON-	PRP$
cord-031106-h1h5q9qo	89	2	average	average	JJ
cord-031106-h1h5q9qo	89	3	holdings	holding	NNS
cord-031106-h1h5q9qo	89	4	of	of	IN
cord-031106-h1h5q9qo	89	5	liquid	liquid	JJ
cord-031106-h1h5q9qo	89	6	assets	asset	NNS
cord-031106-h1h5q9qo	89	7	(	(	-LRB-
cord-031106-h1h5q9qo	89	8	liquidity	liquidity	NN
cord-031106-h1h5q9qo	89	9	in	in	IN
cord-031106-h1h5q9qo	89	10	what	what	WP
cord-031106-h1h5q9qo	89	11	follows	follow	VBZ
cord-031106-h1h5q9qo	89	12	)	)	-RRB-
cord-031106-h1h5q9qo	89	13	is	be	VBZ
cord-031106-h1h5q9qo	89	14	122,000	122,000	CD
cord-031106-h1h5q9qo	89	15	euros	euro	NNS
cord-031106-h1h5q9qo	89	16	,	,	,
cord-031106-h1h5q9qo	89	17	a	a	DT
cord-031106-h1h5q9qo	89	18	little	little	JJ
cord-031106-h1h5q9qo	89	19	more	more	JJR
cord-031106-h1h5q9qo	89	20	than	than	IN
cord-031106-h1h5q9qo	89	21	one	one	CD
cord-031106-h1h5q9qo	89	22	-	-	HYPH
cord-031106-h1h5q9qo	89	23	fourth	fourth	NN
cord-031106-h1h5q9qo	89	24	of	of	IN
cord-031106-h1h5q9qo	89	25	that	that	DT
cord-031106-h1h5q9qo	89	26	of	of	IN
cord-031106-h1h5q9qo	89	27	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	89	28	.	.	.
cord-031106-h1h5q9qo	90	1	Next	next	RB
cord-031106-h1h5q9qo	90	2	,	,	,
cord-031106-h1h5q9qo	90	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	90	4	forecast	forecast	VBP
cord-031106-h1h5q9qo	90	5	the	the	DT
cord-031106-h1h5q9qo	90	6	liquidity	liquidity	NN
cord-031106-h1h5q9qo	90	7	needs	need	NNS
cord-031106-h1h5q9qo	90	8	of	of	IN
cord-031106-h1h5q9qo	90	9	firms	firm	NNS
cord-031106-h1h5q9qo	90	10	during	during	IN
cord-031106-h1h5q9qo	90	11	the	the	DT
cord-031106-h1h5q9qo	90	12	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	90	13	crisis	crisis	NN
cord-031106-h1h5q9qo	90	14	which	which	WDT
cord-031106-h1h5q9qo	90	15	we	-PRON-	PRP
cord-031106-h1h5q9qo	90	16	take	take	VBP
cord-031106-h1h5q9qo	90	17	as	as	IN
cord-031106-h1h5q9qo	90	18	a	a	DT
cord-031106-h1h5q9qo	90	19	measure	measure	NN
cord-031106-h1h5q9qo	90	20	of	of	IN
cord-031106-h1h5q9qo	90	21	the	the	DT
cord-031106-h1h5q9qo	90	22	credit	credit	NN
cord-031106-h1h5q9qo	90	23	that	that	WDT
cord-031106-h1h5q9qo	90	24	these	these	DT
cord-031106-h1h5q9qo	90	25	firms	firm	NNS
cord-031106-h1h5q9qo	90	26	will	will	MD
cord-031106-h1h5q9qo	90	27	demand	demand	VB
cord-031106-h1h5q9qo	90	28	.	.	.
cord-031106-h1h5q9qo	91	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	91	2	construct	construct	VBP
cord-031106-h1h5q9qo	91	3	an	an	DT
cord-031106-h1h5q9qo	91	4	accounting	accounting	NN
cord-031106-h1h5q9qo	91	5	framework	framework	NN
cord-031106-h1h5q9qo	91	6	that	that	WDT
cord-031106-h1h5q9qo	91	7	allows	allow	VBZ
cord-031106-h1h5q9qo	91	8	us	-PRON-	PRP
cord-031106-h1h5q9qo	91	9	to	to	TO
cord-031106-h1h5q9qo	91	10	predict	predict	VB
cord-031106-h1h5q9qo	91	11	the	the	DT
cord-031106-h1h5q9qo	91	12	month	month	NN
cord-031106-h1h5q9qo	91	13	in	in	IN
cord-031106-h1h5q9qo	91	14	which	which	WDT
cord-031106-h1h5q9qo	91	15	each	each	DT
cord-031106-h1h5q9qo	91	16	firm	firm	NN
cord-031106-h1h5q9qo	91	17	will	will	MD
cord-031106-h1h5q9qo	91	18	become	become	VB
cord-031106-h1h5q9qo	91	19	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	91	20	and	and	CC
cord-031106-h1h5q9qo	91	21	the	the	DT
cord-031106-h1h5q9qo	91	22	amount	amount	NN
cord-031106-h1h5q9qo	91	23	of	of	IN
cord-031106-h1h5q9qo	91	24	the	the	DT
cord-031106-h1h5q9qo	91	25	liquidity	liquidity	NN
cord-031106-h1h5q9qo	91	26	shortages	shortage	NNS
cord-031106-h1h5q9qo	91	27	afterward	afterward	RB
cord-031106-h1h5q9qo	91	28	.	.	.
cord-031106-h1h5q9qo	92	1	4	4	LS
cord-031106-h1h5q9qo	93	1	The	the	DT
cord-031106-h1h5q9qo	93	2	general	general	JJ
cord-031106-h1h5q9qo	93	3	logic	logic	NN
cord-031106-h1h5q9qo	93	4	is	be	VBZ
cord-031106-h1h5q9qo	93	5	simple	simple	JJ
cord-031106-h1h5q9qo	93	6	and	and	CC
cord-031106-h1h5q9qo	93	7	is	be	VBZ
cord-031106-h1h5q9qo	93	8	based	base	VBN
cord-031106-h1h5q9qo	93	9	on	on	IN
cord-031106-h1h5q9qo	93	10	three	three	CD
cord-031106-h1h5q9qo	93	11	ingredients	ingredient	NNS
cord-031106-h1h5q9qo	93	12	:	:	:
cord-031106-h1h5q9qo	93	13	the	the	DT
cord-031106-h1h5q9qo	93	14	initial	initial	JJ
cord-031106-h1h5q9qo	93	15	stock	stock	NN
cord-031106-h1h5q9qo	93	16	of	of	IN
cord-031106-h1h5q9qo	93	17	liquidity	liquidity	NN
cord-031106-h1h5q9qo	93	18	,	,	,
cord-031106-h1h5q9qo	93	19	an	an	DT
cord-031106-h1h5q9qo	93	20	estimate	estimate	NN
cord-031106-h1h5q9qo	93	21	of	of	IN
cord-031106-h1h5q9qo	93	22	the	the	DT
cord-031106-h1h5q9qo	93	23	evolution	evolution	NN
cord-031106-h1h5q9qo	93	24	of	of	IN
cord-031106-h1h5q9qo	93	25	cash	cash	NN
cord-031106-h1h5q9qo	93	26	flow	flow	NN
cord-031106-h1h5q9qo	93	27	month	month	NN
cord-031106-h1h5q9qo	93	28	by	by	IN
cord-031106-h1h5q9qo	93	29	month	month	NN
cord-031106-h1h5q9qo	93	30	and	and	CC
cord-031106-h1h5q9qo	93	31	the	the	DT
cord-031106-h1h5q9qo	93	32	budget	budget	NN
cord-031106-h1h5q9qo	93	33	equation	equation	NN
cord-031106-h1h5q9qo	93	34	governing	govern	VBG
cord-031106-h1h5q9qo	93	35	the	the	DT
cord-031106-h1h5q9qo	93	36	evolution	evolution	NN
cord-031106-h1h5q9qo	93	37	of	of	IN
cord-031106-h1h5q9qo	93	38	liquidity	liquidity	NN
cord-031106-h1h5q9qo	93	39	.	.	.
cord-031106-h1h5q9qo	94	1	Specifically	specifically	RB
cord-031106-h1h5q9qo	94	2	,	,	,
cord-031106-h1h5q9qo	94	3	given	give	VBN
cord-031106-h1h5q9qo	94	4	sales	sale	NNS
cord-031106-h1h5q9qo	94	5	S	s	NN
cord-031106-h1h5q9qo	94	6	and	and	CC
cord-031106-h1h5q9qo	94	7	costs	cost	VBZ
cord-031106-h1h5q9qo	94	8	C	C	NNP
cord-031106-h1h5q9qo	94	9	,	,	,
cord-031106-h1h5q9qo	94	10	the	the	DT
cord-031106-h1h5q9qo	94	11	evolution	evolution	NN
cord-031106-h1h5q9qo	94	12	of	of	IN
cord-031106-h1h5q9qo	94	13	liquidity	liquidity	NN
cord-031106-h1h5q9qo	94	14	L	l	NN
cord-031106-h1h5q9qo	94	15	for	for	IN
cord-031106-h1h5q9qo	94	16	firm	firm	NN
cord-031106-h1h5q9qo	94	17	i	i	PRP
cord-031106-h1h5q9qo	94	18	in	in	IN
cord-031106-h1h5q9qo	94	19	month	month	NN
cord-031106-h1h5q9qo	94	20	m	m	CD
cord-031106-h1h5q9qo	94	21	of	of	IN
cord-031106-h1h5q9qo	94	22	2020	2020	CD
cord-031106-h1h5q9qo	94	23	is	be	VBZ
cord-031106-h1h5q9qo	94	24	where	where	WRB
cord-031106-h1h5q9qo	94	25	we	-PRON-	PRP
cord-031106-h1h5q9qo	94	26	consider	consider	VBP
cord-031106-h1h5q9qo	94	27	the	the	DT
cord-031106-h1h5q9qo	94	28	months	month	NNS
cord-031106-h1h5q9qo	94	29	from	from	IN
cord-031106-h1h5q9qo	94	30	March	March	NNP
cord-031106-h1h5q9qo	94	31	to	to	IN
cord-031106-h1h5q9qo	94	32	December	December	NNP
cord-031106-h1h5q9qo	94	33	2020	2020	CD
cord-031106-h1h5q9qo	94	34	.	.	.
cord-031106-h1h5q9qo	95	1	Given	give	VBN
cord-031106-h1h5q9qo	95	2	an	an	DT
cord-031106-h1h5q9qo	95	3	initial	initial	JJ
cord-031106-h1h5q9qo	95	4	value	value	NN
cord-031106-h1h5q9qo	95	5	of	of	IN
cord-031106-h1h5q9qo	95	6	the	the	DT
cord-031106-h1h5q9qo	95	7	stock	stock	NN
cord-031106-h1h5q9qo	95	8	of	of	IN
cord-031106-h1h5q9qo	95	9	liquidity	liquidity	NN
cord-031106-h1h5q9qo	95	10	and	and	CC
cord-031106-h1h5q9qo	95	11	an	an	DT
cord-031106-h1h5q9qo	95	12	estimate	estimate	NN
cord-031106-h1h5q9qo	95	13	of	of	IN
cord-031106-h1h5q9qo	95	14	the	the	DT
cord-031106-h1h5q9qo	95	15	evolution	evolution	NN
cord-031106-h1h5q9qo	95	16	of	of	IN
cord-031106-h1h5q9qo	95	17	cash	cash	NN
cord-031106-h1h5q9qo	95	18	flow	flow	NN
cord-031106-h1h5q9qo	95	19	(	(	-LRB-
cord-031106-h1h5q9qo	95	20	sales	sale	NNS
cord-031106-h1h5q9qo	95	21	minus	minus	IN
cord-031106-h1h5q9qo	95	22	costs	cost	NNS
cord-031106-h1h5q9qo	95	23	)	)	-RRB-
cord-031106-h1h5q9qo	95	24	,	,	,
cord-031106-h1h5q9qo	95	25	the	the	DT
cord-031106-h1h5q9qo	95	26	equation	equation	NN
cord-031106-h1h5q9qo	95	27	allows	allow	VBZ
cord-031106-h1h5q9qo	95	28	to	to	TO
cord-031106-h1h5q9qo	95	29	detect	detect	VB
cord-031106-h1h5q9qo	95	30	for	for	IN
cord-031106-h1h5q9qo	95	31	each	each	DT
cord-031106-h1h5q9qo	95	32	firm	firm	NN
cord-031106-h1h5q9qo	95	33	the	the	DT
cord-031106-h1h5q9qo	95	34	month	month	NN
cord-031106-h1h5q9qo	95	35	in	in	IN
cord-031106-h1h5q9qo	95	36	which	which	WDT
cord-031106-h1h5q9qo	95	37	liquidity	liquidity	NN
cord-031106-h1h5q9qo	95	38	turns	turn	VBZ
cord-031106-h1h5q9qo	95	39	negative	negative	JJ
cord-031106-h1h5q9qo	95	40	and	and	CC
cord-031106-h1h5q9qo	95	41	the	the	DT
cord-031106-h1h5q9qo	95	42	amount	amount	NN
cord-031106-h1h5q9qo	95	43	of	of	IN
cord-031106-h1h5q9qo	95	44	liquidity	liquidity	NN
cord-031106-h1h5q9qo	95	45	shortages	shortage	NNS
cord-031106-h1h5q9qo	95	46	afterward	afterward	RB
cord-031106-h1h5q9qo	95	47	.	.	.
cord-031106-h1h5q9qo	96	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	96	2	compute	compute	VBP
cord-031106-h1h5q9qo	96	3	the	the	DT
cord-031106-h1h5q9qo	96	4	values	value	NNS
cord-031106-h1h5q9qo	96	5	of	of	IN
cord-031106-h1h5q9qo	96	6	the	the	DT
cord-031106-h1h5q9qo	96	7	variables	variable	NNS
cord-031106-h1h5q9qo	96	8	above	above	RB
cord-031106-h1h5q9qo	96	9	at	at	IN
cord-031106-h1h5q9qo	96	10	the	the	DT
cord-031106-h1h5q9qo	96	11	firm	firm	JJ
cord-031106-h1h5q9qo	96	12	level	level	NN
cord-031106-h1h5q9qo	96	13	based	base	VBN
cord-031106-h1h5q9qo	96	14	on	on	IN
cord-031106-h1h5q9qo	96	15	the	the	DT
cord-031106-h1h5q9qo	96	16	balance	balance	NN
cord-031106-h1h5q9qo	96	17	sheets	sheet	NNS
cord-031106-h1h5q9qo	96	18	of	of	IN
cord-031106-h1h5q9qo	96	19	2018	2018	CD
cord-031106-h1h5q9qo	96	20	(	(	-LRB-
cord-031106-h1h5q9qo	96	21	the	the	DT
cord-031106-h1h5q9qo	96	22	most	most	RBS
cord-031106-h1h5q9qo	96	23	recent	recent	JJ
cord-031106-h1h5q9qo	96	24	available	available	JJ
cord-031106-h1h5q9qo	96	25	)	)	-RRB-
cord-031106-h1h5q9qo	96	26	.	.	.
cord-031106-h1h5q9qo	97	1	For	for	IN
cord-031106-h1h5q9qo	97	2	liquidity	liquidity	NN
cord-031106-h1h5q9qo	97	3	,	,	,
cord-031106-h1h5q9qo	97	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	97	5	assume	assume	VBP
cord-031106-h1h5q9qo	97	6	that	that	IN
cord-031106-h1h5q9qo	97	7	the	the	DT
cord-031106-h1h5q9qo	97	8	initial	initial	JJ
cord-031106-h1h5q9qo	97	9	stock	stock	NN
cord-031106-h1h5q9qo	97	10	is	be	VBZ
cord-031106-h1h5q9qo	97	11	that	that	IN
cord-031106-h1h5q9qo	97	12	which	which	WDT
cord-031106-h1h5q9qo	97	13	is	be	VBZ
cord-031106-h1h5q9qo	97	14	reported	report	VBN
cord-031106-h1h5q9qo	97	15	in	in	IN
cord-031106-h1h5q9qo	97	16	the	the	DT
cord-031106-h1h5q9qo	97	17	balance	balance	NN
cord-031106-h1h5q9qo	97	18	sheets	sheet	NNS
cord-031106-h1h5q9qo	97	19	.	.	.
cord-031106-h1h5q9qo	98	1	For	for	IN
cord-031106-h1h5q9qo	98	2	sales	sale	NNS
cord-031106-h1h5q9qo	98	3	,	,	,
cord-031106-h1h5q9qo	98	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	98	5	consider	consider	VBP
cord-031106-h1h5q9qo	98	6	the	the	DT
cord-031106-h1h5q9qo	98	7	sales	sale	NNS
cord-031106-h1h5q9qo	98	8	of	of	IN
cord-031106-h1h5q9qo	98	9	2018	2018	CD
cord-031106-h1h5q9qo	98	10	and	and	CC
cord-031106-h1h5q9qo	98	11	assume	assume	VBP
cord-031106-h1h5q9qo	98	12	that	that	IN
cord-031106-h1h5q9qo	98	13	absent	absent	JJ
cord-031106-h1h5q9qo	98	14	the	the	DT
cord-031106-h1h5q9qo	98	15	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	98	16	crisis	crisis	NN
cord-031106-h1h5q9qo	98	17	,	,	,
cord-031106-h1h5q9qo	98	18	monthly	monthly	JJ
cord-031106-h1h5q9qo	98	19	sales	sale	NNS
cord-031106-h1h5q9qo	98	20	would	would	MD
cord-031106-h1h5q9qo	98	21	have	have	VB
cord-031106-h1h5q9qo	98	22	been	be	VBN
cord-031106-h1h5q9qo	98	23	equal	equal	JJ
cord-031106-h1h5q9qo	98	24	to	to	IN
cord-031106-h1h5q9qo	98	25	onetwelfth	onetwelfth	NN
cord-031106-h1h5q9qo	98	26	of	of	IN
cord-031106-h1h5q9qo	98	27	the	the	DT
cord-031106-h1h5q9qo	98	28	total	total	JJ
cord-031106-h1h5q9qo	98	29	sales	sale	NNS
cord-031106-h1h5q9qo	98	30	of	of	IN
cord-031106-h1h5q9qo	98	31	2018	2018	CD
cord-031106-h1h5q9qo	98	32	.	.	.
cord-031106-h1h5q9qo	99	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	99	2	then	then	RB
cord-031106-h1h5q9qo	99	3	apply	apply	VBP
cord-031106-h1h5q9qo	99	4	forecasts	forecast	NNS
cord-031106-h1h5q9qo	99	5	of	of	IN
cord-031106-h1h5q9qo	99	6	sales	sale	NNS
cord-031106-h1h5q9qo	99	7	growth	growth	NN
cord-031106-h1h5q9qo	99	8	for	for	IN
cord-031106-h1h5q9qo	99	9	approximately	approximately	RB
cord-031106-h1h5q9qo	99	10	500	500	CD
cord-031106-h1h5q9qo	99	11	sectors	sector	NNS
cord-031106-h1h5q9qo	99	12	produced	produce	VBN
cord-031106-h1h5q9qo	99	13	by	by	IN
cord-031106-h1h5q9qo	99	14	Cerved	Cerved	NNP
cord-031106-h1h5q9qo	99	15	sector	sector	NN
cord-031106-h1h5q9qo	99	16	experts	expert	NNS
cord-031106-h1h5q9qo	99	17	.	.	.
cord-031106-h1h5q9qo	100	1	The	the	DT
cord-031106-h1h5q9qo	100	2	forecasts	forecast	NNS
cord-031106-h1h5q9qo	100	3	are	be	VBP
cord-031106-h1h5q9qo	100	4	based	base	VBN
cord-031106-h1h5q9qo	100	5	on	on	IN
cord-031106-h1h5q9qo	100	6	a	a	DT
cord-031106-h1h5q9qo	100	7	scenario	scenario	NN
cord-031106-h1h5q9qo	100	8	in	in	IN
cord-031106-h1h5q9qo	100	9	which	which	WDT
cord-031106-h1h5q9qo	100	10	the	the	DT
cord-031106-h1h5q9qo	100	11	lockdown	lockdown	NN
cord-031106-h1h5q9qo	100	12	applies	apply	VBZ
cord-031106-h1h5q9qo	100	13	at	at	IN
cord-031106-h1h5q9qo	100	14	the	the	DT
cord-031106-h1h5q9qo	100	15	sectoral	sectoral	JJ
cord-031106-h1h5q9qo	100	16	level	level	NN
cord-031106-h1h5q9qo	100	17	according	accord	VBG
cord-031106-h1h5q9qo	100	18	to	to	IN
cord-031106-h1h5q9qo	100	19	the	the	DT
cord-031106-h1h5q9qo	100	20	government	government	NN
cord-031106-h1h5q9qo	100	21	decrees	decree	NNS
cord-031106-h1h5q9qo	100	22	.	.	.
cord-031106-h1h5q9qo	101	1	There	there	EX
cord-031106-h1h5q9qo	101	2	is	be	VBZ
cord-031106-h1h5q9qo	101	3	then	then	RB
cord-031106-h1h5q9qo	101	4	a	a	DT
cord-031106-h1h5q9qo	101	5	period	period	NN
cord-031106-h1h5q9qo	101	6	of	of	IN
cord-031106-h1h5q9qo	101	7	partial	partial	JJ
cord-031106-h1h5q9qo	101	8	opening	opening	NN
cord-031106-h1h5q9qo	101	9	that	that	WDT
cord-031106-h1h5q9qo	101	10	also	also	RB
cord-031106-h1h5q9qo	101	11	varies	vary	VBZ
cord-031106-h1h5q9qo	101	12	by	by	IN
cord-031106-h1h5q9qo	101	13	sector	sector	NN
cord-031106-h1h5q9qo	101	14	,	,	,
cord-031106-h1h5q9qo	101	15	and	and	CC
cord-031106-h1h5q9qo	101	16	,	,	,
cord-031106-h1h5q9qo	101	17	after	after	IN
cord-031106-h1h5q9qo	101	18	that	that	DT
cord-031106-h1h5q9qo	101	19	,	,	,
cord-031106-h1h5q9qo	101	20	activity	activity	NN
cord-031106-h1h5q9qo	101	21	gradually	gradually	RB
cord-031106-h1h5q9qo	101	22	recovers	recover	VBZ
cord-031106-h1h5q9qo	101	23	.	.	.
cord-031106-h1h5q9qo	102	1	The	the	DT
cord-031106-h1h5q9qo	102	2	sectoral	sectoral	JJ
cord-031106-h1h5q9qo	102	3	estimates	estimate	NNS
cord-031106-h1h5q9qo	102	4	take	take	VBP
cord-031106-h1h5q9qo	102	5	into	into	IN
cord-031106-h1h5q9qo	102	6	account	account	NN
cord-031106-h1h5q9qo	102	7	sectoral	sectoral	JJ
cord-031106-h1h5q9qo	102	8	exposure	exposure	NN
cord-031106-h1h5q9qo	102	9	to	to	IN
cord-031106-h1h5q9qo	102	10	COVID-19-specific	covid-19-specific	NN
cord-031106-h1h5q9qo	102	11	effects	effect	NNS
cord-031106-h1h5q9qo	102	12	,	,	,
cord-031106-h1h5q9qo	102	13	including	include	VBG
cord-031106-h1h5q9qo	102	14	the	the	DT
cord-031106-h1h5q9qo	102	15	possibility	possibility	NN
cord-031106-h1h5q9qo	102	16	to	to	TO
cord-031106-h1h5q9qo	102	17	work	work	VB
cord-031106-h1h5q9qo	102	18	remotely	remotely	RB
cord-031106-h1h5q9qo	102	19	,	,	,
cord-031106-h1h5q9qo	102	20	the	the	DT
cord-031106-h1h5q9qo	102	21	effects	effect	NNS
cord-031106-h1h5q9qo	102	22	of	of	IN
cord-031106-h1h5q9qo	102	23	social	social	JJ
cord-031106-h1h5q9qo	102	24	distancing	distancing	NN
cord-031106-h1h5q9qo	102	25	,	,	,
cord-031106-h1h5q9qo	102	26	and	and	CC
cord-031106-h1h5q9qo	102	27	reductions	reduction	NNS
cord-031106-h1h5q9qo	102	28	in	in	IN
cord-031106-h1h5q9qo	102	29	mobility	mobility	NN
cord-031106-h1h5q9qo	102	30	.	.	.
cord-031106-h1h5q9qo	103	1	Firms	firm	NNS
cord-031106-h1h5q9qo	103	2	'	'	POS
cord-031106-h1h5q9qo	103	3	outlays	outlay	NNS
cord-031106-h1h5q9qo	103	4	are	be	VBP
cord-031106-h1h5q9qo	103	5	for	for	IN
cord-031106-h1h5q9qo	103	6	capital	capital	NN
cord-031106-h1h5q9qo	103	7	,	,	,
cord-031106-h1h5q9qo	103	8	labor	labor	NN
cord-031106-h1h5q9qo	103	9	,	,	,
cord-031106-h1h5q9qo	103	10	intermediates	intermediate	NNS
cord-031106-h1h5q9qo	103	11	and	and	CC
cord-031106-h1h5q9qo	103	12	taxes	taxis	NNS
cord-031106-h1h5q9qo	103	13	.	.	.
cord-031106-h1h5q9qo	104	1	As	as	RB
cord-031106-h1h5q9qo	104	2	far	far	RB
cord-031106-h1h5q9qo	104	3	as	as	IN
cord-031106-h1h5q9qo	104	4	capital	capital	NN
cord-031106-h1h5q9qo	104	5	is	be	VBZ
cord-031106-h1h5q9qo	104	6	concerned	concern	VBN
cord-031106-h1h5q9qo	104	7	,	,	,
cord-031106-h1h5q9qo	104	8	the	the	DT
cord-031106-h1h5q9qo	104	9	Decree	Decree	NNP
cord-031106-h1h5q9qo	104	10	Cura	Cura	NNP
cord-031106-h1h5q9qo	104	11	Italia	Italia	NNP
cord-031106-h1h5q9qo	104	12	(	(	-LRB-
cord-031106-h1h5q9qo	104	13	Cure	Cure	NNP
cord-031106-h1h5q9qo	104	14	Italy	Italy	NNP
cord-031106-h1h5q9qo	104	15	)	)	-RRB-
cord-031106-h1h5q9qo	104	16	of	of	IN
cord-031106-h1h5q9qo	104	17	March	March	NNP
cord-031106-h1h5q9qo	104	18	17	17	CD
cord-031106-h1h5q9qo	104	19	freezes	freeze	VBZ
cord-031106-h1h5q9qo	104	20	all	all	DT
cord-031106-h1h5q9qo	104	21	interest	interest	NN
cord-031106-h1h5q9qo	104	22	and	and	CC
cord-031106-h1h5q9qo	104	23	mortgage	mortgage	NN
cord-031106-h1h5q9qo	104	24	payments	payment	NNS
cord-031106-h1h5q9qo	104	25	,	,	,
cord-031106-h1h5q9qo	104	26	as	as	RB
cord-031106-h1h5q9qo	104	27	well	well	RB
cord-031106-h1h5q9qo	104	28	as	as	IN
cord-031106-h1h5q9qo	104	29	the	the	DT
cord-031106-h1h5q9qo	104	30	granted	grant	VBN
cord-031106-h1h5q9qo	104	31	credit	credit	NN
cord-031106-h1h5q9qo	104	32	on	on	IN
cord-031106-h1h5q9qo	104	33	credit	credit	NN
cord-031106-h1h5q9qo	104	34	lines	line	NNS
cord-031106-h1h5q9qo	104	35	.	.	.
cord-031106-h1h5q9qo	105	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	105	2	also	also	RB
cord-031106-h1h5q9qo	105	3	suspends	suspend	VBZ
cord-031106-h1h5q9qo	105	4	(	(	-LRB-
cord-031106-h1h5q9qo	105	5	and	and	CC
cord-031106-h1h5q9qo	105	6	a	a	DT
cord-031106-h1h5q9qo	105	7	later	later	JJ
cord-031106-h1h5q9qo	105	8	decree	decree	NN
cord-031106-h1h5q9qo	105	9	partially	partially	RB
cord-031106-h1h5q9qo	105	10	cancels	cancel	VBZ
cord-031106-h1h5q9qo	105	11	)	)	-RRB-
cord-031106-h1h5q9qo	105	12	corporate	corporate	JJ
cord-031106-h1h5q9qo	105	13	taxes	taxis	NNS
cord-031106-h1h5q9qo	105	14	.	.	.
cord-031106-h1h5q9qo	106	1	Moreover	moreover	RB
cord-031106-h1h5q9qo	106	2	,	,	,
cord-031106-h1h5q9qo	106	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	106	4	also	also	RB
cord-031106-h1h5q9qo	106	5	assume	assume	VBP
cord-031106-h1h5q9qo	106	6	that	that	IN
cord-031106-h1h5q9qo	106	7	firms	firm	NNS
cord-031106-h1h5q9qo	106	8	freeze	freeze	VBP
cord-031106-h1h5q9qo	106	9	their	-PRON-	PRP$
cord-031106-h1h5q9qo	106	10	and	and	CC
cord-031106-h1h5q9qo	106	11	ε	ε	NNP
cord-031106-h1h5q9qo	106	12	W	W	NNP
cord-031106-h1h5q9qo	106	13	S	S	NNP
cord-031106-h1h5q9qo	106	14	=	=	SYM
cord-031106-h1h5q9qo	106	15	0.40	0.40	CD
cord-031106-h1h5q9qo	106	16	,	,	,
cord-031106-h1h5q9qo	106	17	indicating	indicate	VBG
cord-031106-h1h5q9qo	106	18	that	that	IN
cord-031106-h1h5q9qo	106	19	large	large	JJ
cord-031106-h1h5q9qo	106	20	shocks	shock	NNS
cord-031106-h1h5q9qo	106	21	are	be	VBP
cord-031106-h1h5q9qo	106	22	more	more	RBR
cord-031106-h1h5q9qo	106	23	difficult	difficult	JJ
cord-031106-h1h5q9qo	106	24	to	to	TO
cord-031106-h1h5q9qo	106	25	accommodate	accommodate	VB
cord-031106-h1h5q9qo	106	26	.	.	.
cord-031106-h1h5q9qo	107	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	107	2	therefore	therefore	RB
cord-031106-h1h5q9qo	107	3	assume	assume	VBP
cord-031106-h1h5q9qo	107	4	a	a	DT
cord-031106-h1h5q9qo	107	5	conservative	conservative	JJ
cord-031106-h1h5q9qo	107	6	value	value	NN
cord-031106-h1h5q9qo	107	7	for	for	IN
cord-031106-h1h5q9qo	107	8	the	the	DT
cord-031106-h1h5q9qo	107	9	elasticity	elasticity	NN
cord-031106-h1h5q9qo	107	10	of	of	IN
cord-031106-h1h5q9qo	107	11	intermediates	intermediate	NNS
cord-031106-h1h5q9qo	107	12	of	of	IN
cord-031106-h1h5q9qo	107	13	0.5	0.5	CD
cord-031106-h1h5q9qo	107	14	.	.	.
cord-031106-h1h5q9qo	108	1	For	for	IN
cord-031106-h1h5q9qo	108	2	labor	labor	NN
cord-031106-h1h5q9qo	108	3	,	,	,
cord-031106-h1h5q9qo	108	4	the	the	DT
cord-031106-h1h5q9qo	108	5	government	government	NN
cord-031106-h1h5q9qo	108	6	provides	provide	VBZ
cord-031106-h1h5q9qo	108	7	a	a	DT
cord-031106-h1h5q9qo	108	8	job	job	NN
cord-031106-h1h5q9qo	108	9	retention	retention	NN
cord-031106-h1h5q9qo	108	10	scheme	scheme	NN
cord-031106-h1h5q9qo	108	11	that	that	WDT
cord-031106-h1h5q9qo	108	12	allows	allow	VBZ
cord-031106-h1h5q9qo	108	13	all	all	DT
cord-031106-h1h5q9qo	108	14	firms	firm	NNS
cord-031106-h1h5q9qo	108	15	to	to	TO
cord-031106-h1h5q9qo	108	16	reduce	reduce	VB
cord-031106-h1h5q9qo	108	17	paid	pay	VBN
cord-031106-h1h5q9qo	108	18	work	work	NN
cord-031106-h1h5q9qo	108	19	by	by	IN
cord-031106-h1h5q9qo	108	20	any	any	DT
cord-031106-h1h5q9qo	108	21	amount	amount	NN
cord-031106-h1h5q9qo	108	22	,	,	,
cord-031106-h1h5q9qo	108	23	and	and	CC
cord-031106-h1h5q9qo	108	24	let	let	VB
cord-031106-h1h5q9qo	108	25	the	the	DT
cord-031106-h1h5q9qo	108	26	government	government	NN
cord-031106-h1h5q9qo	108	27	pay	pay	VB
cord-031106-h1h5q9qo	108	28	workers	worker	NNS
cord-031106-h1h5q9qo	108	29	for	for	IN
cord-031106-h1h5q9qo	108	30	the	the	DT
cord-031106-h1h5q9qo	108	31	income	income	NN
cord-031106-h1h5q9qo	108	32	loss	loss	NN
cord-031106-h1h5q9qo	108	33	(	(	-LRB-
cord-031106-h1h5q9qo	108	34	the	the	DT
cord-031106-h1h5q9qo	108	35	Cassa	Cassa	NNP
cord-031106-h1h5q9qo	108	36	integrazione	integrazione	FW
cord-031106-h1h5q9qo	108	37	guadagni	guadagni	NN
cord-031106-h1h5q9qo	108	38	,	,	,
cord-031106-h1h5q9qo	108	39	i.e.	i.e.	FW
cord-031106-h1h5q9qo	108	40	,	,	,
cord-031106-h1h5q9qo	108	41	the	the	DT
cord-031106-h1h5q9qo	108	42	Fund	Fund	NNP
cord-031106-h1h5q9qo	108	43	to	to	TO
cord-031106-h1h5q9qo	108	44	integrate	integrate	VB
cord-031106-h1h5q9qo	108	45	income	income	NN
cord-031106-h1h5q9qo	108	46	)	)	-RRB-
cord-031106-h1h5q9qo	108	47	.	.	.
cord-031106-h1h5q9qo	109	1	This	this	DT
cord-031106-h1h5q9qo	109	2	greatly	greatly	RB
cord-031106-h1h5q9qo	109	3	increases	increase	VBZ
cord-031106-h1h5q9qo	109	4	the	the	DT
cord-031106-h1h5q9qo	109	5	elasticity	elasticity	NN
cord-031106-h1h5q9qo	109	6	of	of	IN
cord-031106-h1h5q9qo	109	7	the	the	DT
cord-031106-h1h5q9qo	109	8	wage	wage	NN
cord-031106-h1h5q9qo	109	9	bill	bill	NN
cord-031106-h1h5q9qo	109	10	to	to	IN
cord-031106-h1h5q9qo	109	11	production	production	NN
cord-031106-h1h5q9qo	109	12	.	.	.
cord-031106-h1h5q9qo	110	1	The	the	DT
cord-031106-h1h5q9qo	110	2	scheme	scheme	NN
cord-031106-h1h5q9qo	110	3	has	have	VBZ
cord-031106-h1h5q9qo	110	4	been	be	VBN
cord-031106-h1h5q9qo	110	5	extensively	extensively	RB
cord-031106-h1h5q9qo	110	6	used	use	VBN
cord-031106-h1h5q9qo	110	7	by	by	IN
cord-031106-h1h5q9qo	110	8	Italian	italian	JJ
cord-031106-h1h5q9qo	110	9	firms	firm	NNS
cord-031106-h1h5q9qo	110	10	:	:	:
cord-031106-h1h5q9qo	110	11	in	in	IN
cord-031106-h1h5q9qo	110	12	April	April	NNP
cord-031106-h1h5q9qo	110	13	,	,	,
cord-031106-h1h5q9qo	110	14	the	the	DT
cord-031106-h1h5q9qo	110	15	number	number	NN
cord-031106-h1h5q9qo	110	16	of	of	IN
cord-031106-h1h5q9qo	110	17	hours	hour	NNS
cord-031106-h1h5q9qo	110	18	paid	pay	VBN
cord-031106-h1h5q9qo	110	19	was	be	VBD
cord-031106-h1h5q9qo	110	20	almost	almost	RB
cord-031106-h1h5q9qo	110	21	900	900	CD
cord-031106-h1h5q9qo	110	22	million	million	CD
cord-031106-h1h5q9qo	110	23	,	,	,
cord-031106-h1h5q9qo	110	24	equal	equal	JJ
cord-031106-h1h5q9qo	110	25	to	to	IN
cord-031106-h1h5q9qo	110	26	the	the	DT
cord-031106-h1h5q9qo	110	27	total	total	JJ
cord-031106-h1h5q9qo	110	28	amount	amount	NN
cord-031106-h1h5q9qo	110	29	paid	pay	VBN
cord-031106-h1h5q9qo	110	30	in	in	IN
cord-031106-h1h5q9qo	110	31	the	the	DT
cord-031106-h1h5q9qo	110	32	2009	2009	CD
cord-031106-h1h5q9qo	110	33	,	,	,
cord-031106-h1h5q9qo	110	34	the	the	DT
cord-031106-h1h5q9qo	110	35	worst	bad	JJS
cord-031106-h1h5q9qo	110	36	year	year	NN
cord-031106-h1h5q9qo	110	37	of	of	IN
cord-031106-h1h5q9qo	110	38	the	the	DT
cord-031106-h1h5q9qo	110	39	financial	financial	JJ
cord-031106-h1h5q9qo	110	40	crisis	crisis	NN
cord-031106-h1h5q9qo	110	41	,	,	,
cord-031106-h1h5q9qo	110	42	when	when	WRB
cord-031106-h1h5q9qo	110	43	GDP	GDP	NNP
cord-031106-h1h5q9qo	110	44	contracted	contract	VBD
cord-031106-h1h5q9qo	110	45	by	by	IN
cord-031106-h1h5q9qo	110	46	more	more	JJR
cord-031106-h1h5q9qo	110	47	than	than	IN
cord-031106-h1h5q9qo	110	48	5	5	CD
cord-031106-h1h5q9qo	110	49	%	%	NN
cord-031106-h1h5q9qo	110	50	.	.	.
cord-031106-h1h5q9qo	111	1	To	to	TO
cord-031106-h1h5q9qo	111	2	account	account	VB
cord-031106-h1h5q9qo	111	3	for	for	IN
cord-031106-h1h5q9qo	111	4	this	this	DT
cord-031106-h1h5q9qo	111	5	,	,	,
cord-031106-h1h5q9qo	111	6	we	-PRON-	PRP
cord-031106-h1h5q9qo	111	7	set	set	VBP
cord-031106-h1h5q9qo	111	8	ε	ε	NNP
cord-031106-h1h5q9qo	111	9	W	W	NNP
cord-031106-h1h5q9qo	111	10	S	S	NNP
cord-031106-h1h5q9qo	111	11	to	to	IN
cord-031106-h1h5q9qo	111	12	0.75	0.75	CD
cord-031106-h1h5q9qo	111	13	.	.	.
cord-031106-h1h5q9qo	112	1	Changing	change	VBG
cord-031106-h1h5q9qo	112	2	these	these	DT
cord-031106-h1h5q9qo	112	3	elasticities	elasticity	NNS
cord-031106-h1h5q9qo	112	4	obviously	obviously	RB
cord-031106-h1h5q9qo	112	5	affects	affect	VBZ
cord-031106-h1h5q9qo	112	6	the	the	DT
cord-031106-h1h5q9qo	112	7	absolute	absolute	JJ
cord-031106-h1h5q9qo	112	8	values	value	NNS
cord-031106-h1h5q9qo	112	9	,	,	,
cord-031106-h1h5q9qo	112	10	but	but	CC
cord-031106-h1h5q9qo	112	11	not	not	RB
cord-031106-h1h5q9qo	112	12	the	the	DT
cord-031106-h1h5q9qo	112	13	relative	relative	JJ
cord-031106-h1h5q9qo	112	14	effects	effect	NNS
cord-031106-h1h5q9qo	112	15	on	on	IN
cord-031106-h1h5q9qo	112	16	zombies	zombie	NNS
cord-031106-h1h5q9qo	112	17	and	and	CC
cord-031106-h1h5q9qo	112	18	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	112	19	.	.	.
cord-031106-h1h5q9qo	113	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	113	2	apply	apply	VBP
cord-031106-h1h5q9qo	113	3	this	this	DT
cord-031106-h1h5q9qo	113	4	framework	framework	NN
cord-031106-h1h5q9qo	113	5	to	to	TO
cord-031106-h1h5q9qo	113	6	identify	identify	VB
cord-031106-h1h5q9qo	113	7	the	the	DT
cord-031106-h1h5q9qo	113	8	firms	firm	NNS
cord-031106-h1h5q9qo	113	9	whose	whose	WP$
cord-031106-h1h5q9qo	113	10	liquidity	liquidity	NN
cord-031106-h1h5q9qo	113	11	turns	turn	VBZ
cord-031106-h1h5q9qo	113	12	negative	negative	JJ
cord-031106-h1h5q9qo	113	13	between	between	IN
cord-031106-h1h5q9qo	113	14	March	March	NNP
cord-031106-h1h5q9qo	113	15	and	and	CC
cord-031106-h1h5q9qo	113	16	December	December	NNP
cord-031106-h1h5q9qo	113	17	,	,	,
cord-031106-h1h5q9qo	113	18	separately	separately	RB
cord-031106-h1h5q9qo	113	19	for	for	IN
cord-031106-h1h5q9qo	113	20	zombies	zombie	NNS
cord-031106-h1h5q9qo	113	21	and	and	CC
cord-031106-h1h5q9qo	113	22	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	113	23	.	.	.
cord-031106-h1h5q9qo	114	1	Figure	figure	NN
cord-031106-h1h5q9qo	114	2	1	1	CD
cord-031106-h1h5q9qo	114	3	reports	report	VBZ
cord-031106-h1h5q9qo	114	4	the	the	DT
cord-031106-h1h5q9qo	114	5	results	result	NNS
cord-031106-h1h5q9qo	114	6	of	of	IN
cord-031106-h1h5q9qo	114	7	this	this	DT
cord-031106-h1h5q9qo	114	8	exercise	exercise	NN
cord-031106-h1h5q9qo	114	9	.	.	.
cord-031106-h1h5q9qo	115	1	Panel	Panel	NNP
cord-031106-h1h5q9qo	115	2	A	A	NNP
cord-031106-h1h5q9qo	115	3	shows	show	VBZ
cord-031106-h1h5q9qo	115	4	the	the	DT
cord-031106-h1h5q9qo	115	5	share	share	NN
cord-031106-h1h5q9qo	115	6	of	of	IN
cord-031106-h1h5q9qo	115	7	zombies	zombie	NNS
cord-031106-h1h5q9qo	115	8	and	and	CC
cord-031106-h1h5q9qo	115	9	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	115	10	that	that	WDT
cord-031106-h1h5q9qo	115	11	become	become	VBP
cord-031106-h1h5q9qo	115	12	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	115	13	.	.	.
cord-031106-h1h5q9qo	116	1	Already	already	RB
cord-031106-h1h5q9qo	116	2	in	in	IN
cord-031106-h1h5q9qo	116	3	March	March	NNP
cord-031106-h1h5q9qo	116	4	,	,	,
cord-031106-h1h5q9qo	116	5	more	more	JJR
cord-031106-h1h5q9qo	116	6	than	than	IN
cord-031106-h1h5q9qo	116	7	27	27	CD
cord-031106-h1h5q9qo	116	8	%	%	NN
cord-031106-h1h5q9qo	116	9	of	of	IN
cord-031106-h1h5q9qo	116	10	zombies	zombie	NNS
cord-031106-h1h5q9qo	116	11	hit	hit	VBD
cord-031106-h1h5q9qo	116	12	the	the	DT
cord-031106-h1h5q9qo	116	13	negative	negative	JJ
cord-031106-h1h5q9qo	116	14	liquidity	liquidity	NN
cord-031106-h1h5q9qo	116	15	constraint	constraint	NN
cord-031106-h1h5q9qo	116	16	,	,	,
cord-031106-h1h5q9qo	116	17	consistent	consistent	JJ
cord-031106-h1h5q9qo	116	18	with	with	IN
cord-031106-h1h5q9qo	116	19	the	the	DT
cord-031106-h1h5q9qo	116	20	fact	fact	NN
cord-031106-h1h5q9qo	116	21	that	that	IN
cord-031106-h1h5q9qo	116	22	the	the	DT
cord-031106-h1h5q9qo	116	23	25th	25th	JJ
cord-031106-h1h5q9qo	116	24	percentile	percentile	NN
cord-031106-h1h5q9qo	116	25	had	have	VBD
cord-031106-h1h5q9qo	116	26	a	a	DT
cord-031106-h1h5q9qo	116	27	liquidity	liquidity	NN
cord-031106-h1h5q9qo	116	28	of	of	IN
cord-031106-h1h5q9qo	116	29	3,000	3,000	CD
cord-031106-h1h5q9qo	116	30	euros	euro	NNS
cord-031106-h1h5q9qo	116	31	(	(	-LRB-
cord-031106-h1h5q9qo	116	32	see	see	VB
cord-031106-h1h5q9qo	116	33	Table	table	NN
cord-031106-h1h5q9qo	116	34	  	  	_SP
cord-031106-h1h5q9qo	116	35	1	1	CD
cord-031106-h1h5q9qo	116	36	)	)	-RRB-
cord-031106-h1h5q9qo	116	37	.	.	.
cord-031106-h1h5q9qo	117	1	The	the	DT
cord-031106-h1h5q9qo	117	2	share	share	NN
cord-031106-h1h5q9qo	117	3	increases	increase	VBZ
cord-031106-h1h5q9qo	117	4	steadily	steadily	RB
cord-031106-h1h5q9qo	117	5	to	to	IN
cord-031106-h1h5q9qo	117	6	over	over	IN
cord-031106-h1h5q9qo	117	7	51	51	CD
cord-031106-h1h5q9qo	117	8	%	%	NN
cord-031106-h1h5q9qo	117	9	at	at	IN
cord-031106-h1h5q9qo	117	10	the	the	DT
cord-031106-h1h5q9qo	117	11	end	end	NN
cord-031106-h1h5q9qo	117	12	of	of	IN
cord-031106-h1h5q9qo	117	13	the	the	DT
cord-031106-h1h5q9qo	117	14	year	year	NN
cord-031106-h1h5q9qo	117	15	.	.	.
cord-031106-h1h5q9qo	118	1	The	the	DT
cord-031106-h1h5q9qo	118	2	share	share	NN
cord-031106-h1h5q9qo	118	3	of	of	IN
cord-031106-h1h5q9qo	118	4	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	118	5	firms	firm	NNS
cord-031106-h1h5q9qo	118	6	is	be	VBZ
cord-031106-h1h5q9qo	118	7	less	less	JJR
cord-031106-h1h5q9qo	118	8	than	than	IN
cord-031106-h1h5q9qo	118	9	half	half	NN
cord-031106-h1h5q9qo	118	10	for	for	IN
cord-031106-h1h5q9qo	118	11	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	118	12	:	:	:
cord-031106-h1h5q9qo	118	13	not	not	RB
cord-031106-h1h5q9qo	118	14	surprisingly	surprisingly	RB
cord-031106-h1h5q9qo	118	15	,	,	,
cord-031106-h1h5q9qo	118	16	zombies	zombie	NNS
cord-031106-h1h5q9qo	118	17	are	be	VBP
cord-031106-h1h5q9qo	118	18	more	more	RBR
cord-031106-h1h5q9qo	118	19	likely	likely	JJ
cord-031106-h1h5q9qo	118	20	to	to	TO
cord-031106-h1h5q9qo	118	21	become	become	VB
cord-031106-h1h5q9qo	118	22	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	118	23	.	.	.
cord-031106-h1h5q9qo	119	1	However	however	RB
cord-031106-h1h5q9qo	119	2	,	,	,
cord-031106-h1h5q9qo	119	3	given	give	VBN
cord-031106-h1h5q9qo	119	4	that	that	IN
cord-031106-h1h5q9qo	119	5	zombies	zombie	NNS
cord-031106-h1h5q9qo	119	6	are	be	VBP
cord-031106-h1h5q9qo	119	7	only	only	RB
cord-031106-h1h5q9qo	119	8	11	11	CD
cord-031106-h1h5q9qo	119	9	%	%	NN
cord-031106-h1h5q9qo	119	10	of	of	IN
cord-031106-h1h5q9qo	119	11	the	the	DT
cord-031106-h1h5q9qo	119	12	total	total	NN
cord-031106-h1h5q9qo	119	13	,	,	,
cord-031106-h1h5q9qo	119	14	the	the	DT
cord-031106-h1h5q9qo	119	15	absolute	absolute	JJ
cord-031106-h1h5q9qo	119	16	number	number	NN
cord-031106-h1h5q9qo	119	17	of	of	IN
cord-031106-h1h5q9qo	119	18	zombies	zombie	NNS
cord-031106-h1h5q9qo	119	19	turning	turn	VBG
cord-031106-h1h5q9qo	119	20	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	119	21	is	be	VBZ
cord-031106-h1h5q9qo	119	22	approximately	approximately	RB
cord-031106-h1h5q9qo	119	23	one	one	CD
cord-031106-h1h5q9qo	119	24	-	-	HYPH
cord-031106-h1h5q9qo	119	25	third	third	NN
cord-031106-h1h5q9qo	119	26	of	of	IN
cord-031106-h1h5q9qo	119	27	that	that	DT
cord-031106-h1h5q9qo	119	28	of	of	IN
cord-031106-h1h5q9qo	119	29	zombies	zombie	NNS
cord-031106-h1h5q9qo	119	30	(	(	-LRB-
cord-031106-h1h5q9qo	119	31	panel	panel	NN
cord-031106-h1h5q9qo	119	32	B	B	NNP
cord-031106-h1h5q9qo	119	33	)	)	-RRB-
cord-031106-h1h5q9qo	119	34	.	.	.
cord-031106-h1h5q9qo	120	1	Zombies	zombie	NNS
cord-031106-h1h5q9qo	120	2	are	be	VBP
cord-031106-h1h5q9qo	120	3	on	on	IN
cord-031106-h1h5q9qo	120	4	average	average	JJ
cord-031106-h1h5q9qo	120	5	smaller	small	JJR
cord-031106-h1h5q9qo	120	6	,	,	,
cord-031106-h1h5q9qo	120	7	so	so	CC
cord-031106-h1h5q9qo	120	8	the	the	DT
cord-031106-h1h5q9qo	120	9	value	value	NN
cord-031106-h1h5q9qo	120	10	is	be	VBZ
cord-031106-h1h5q9qo	120	11	lower	low	JJR
cord-031106-h1h5q9qo	120	12	in	in	IN
cord-031106-h1h5q9qo	120	13	terms	term	NNS
cord-031106-h1h5q9qo	120	14	of	of	IN
cord-031106-h1h5q9qo	120	15	workers	worker	NNS
cord-031106-h1h5q9qo	120	16	:	:	:
cord-031106-h1h5q9qo	120	17	the	the	DT
cord-031106-h1h5q9qo	120	18	number	number	NN
cord-031106-h1h5q9qo	120	19	of	of	IN
cord-031106-h1h5q9qo	120	20	workers	worker	NNS
cord-031106-h1h5q9qo	120	21	in	in	IN
cord-031106-h1h5q9qo	120	22	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	120	23	zombie	zombie	NN
cord-031106-h1h5q9qo	120	24	firms	firm	NNS
cord-031106-h1h5q9qo	120	25	is	be	VBZ
cord-031106-h1h5q9qo	120	26	10	10	CD
cord-031106-h1h5q9qo	120	27	%	%	NN
cord-031106-h1h5q9qo	120	28	of	of	IN
cord-031106-h1h5q9qo	120	29	those	those	DT
cord-031106-h1h5q9qo	120	30	in	in	IN
cord-031106-h1h5q9qo	120	31	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	120	32	.	.	.
cord-031106-h1h5q9qo	121	1	The	the	DT
cord-031106-h1h5q9qo	121	2	difference	difference	NN
cord-031106-h1h5q9qo	121	3	is	be	VBZ
cord-031106-h1h5q9qo	121	4	similar	similar	JJ
cord-031106-h1h5q9qo	121	5	for	for	IN
cord-031106-h1h5q9qo	121	6	total	total	JJ
cord-031106-h1h5q9qo	121	7	liquidity	liquidity	NN
cord-031106-h1h5q9qo	121	8	needs	need	NNS
cord-031106-h1h5q9qo	121	9	,	,	,
cord-031106-h1h5q9qo	121	10	defined	define	VBN
cord-031106-h1h5q9qo	121	11	as	as	IN
cord-031106-h1h5q9qo	121	12	Lmt<0	Lmt<0	NNP
cord-031106-h1h5q9qo	121	13	|L	|l	CD
cord-031106-h1h5q9qo	121	14	mt	mt	NNP
cord-031106-h1h5q9qo	121	15	|	|	NNP
cord-031106-h1h5q9qo	121	16	,	,	,
cord-031106-h1h5q9qo	121	17	arguably	arguably	RB
cord-031106-h1h5q9qo	121	18	due	due	JJ
cord-031106-h1h5q9qo	121	19	to	to	IN
cord-031106-h1h5q9qo	121	20	their	-PRON-	PRP$
cord-031106-h1h5q9qo	121	21	lower	low	JJR
cord-031106-h1h5q9qo	121	22	sales	sale	NNS
cord-031106-h1h5q9qo	121	23	.	.	.
cord-031106-h1h5q9qo	122	1	This	this	DT
cord-031106-h1h5q9qo	122	2	can	can	MD
cord-031106-h1h5q9qo	122	3	be	be	VB
cord-031106-h1h5q9qo	122	4	seen	see	VBN
cord-031106-h1h5q9qo	122	5	as	as	IN
cord-031106-h1h5q9qo	122	6	a	a	DT
cord-031106-h1h5q9qo	122	7	proxy	proxy	NN
cord-031106-h1h5q9qo	122	8	of	of	IN
cord-031106-h1h5q9qo	122	9	loan	loan	NN
cord-031106-h1h5q9qo	122	10	demand	demand	NN
cord-031106-h1h5q9qo	122	11	.	.	.
cord-031106-h1h5q9qo	123	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	123	2	starts	start	VBZ
cord-031106-h1h5q9qo	123	3	below	below	IN
cord-031106-h1h5q9qo	123	4	one	one	CD
cord-031106-h1h5q9qo	123	5	billion	billion	CD
cord-031106-h1h5q9qo	123	6	in	in	IN
cord-031106-h1h5q9qo	123	7	March	March	NNP
cord-031106-h1h5q9qo	123	8	and	and	CC
cord-031106-h1h5q9qo	123	9	reaches	reach	VBZ
cord-031106-h1h5q9qo	123	10	7	7	CD
cord-031106-h1h5q9qo	123	11	billion	billion	CD
cord-031106-h1h5q9qo	123	12	by	by	IN
cord-031106-h1h5q9qo	123	13	the	the	DT
cord-031106-h1h5q9qo	123	14	end	end	NN
cord-031106-h1h5q9qo	123	15	of	of	IN
cord-031106-h1h5q9qo	123	16	the	the	DT
cord-031106-h1h5q9qo	123	17	year	year	NN
cord-031106-h1h5q9qo	123	18	.	.	.
cord-031106-h1h5q9qo	124	1	For	for	IN
cord-031106-h1h5q9qo	124	2	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	124	3	,	,	,
cord-031106-h1h5q9qo	124	4	the	the	DT
cord-031106-h1h5q9qo	124	5	values	value	NNS
cord-031106-h1h5q9qo	124	6	are	be	VBP
cord-031106-h1h5q9qo	124	7	12	12	CD
cord-031106-h1h5q9qo	124	8	billion	billion	CD
cord-031106-h1h5q9qo	124	9	in	in	IN
cord-031106-h1h5q9qo	124	10	March	March	NNP
cord-031106-h1h5q9qo	124	11	and	and	CC
cord-031106-h1h5q9qo	124	12	65	65	CD
cord-031106-h1h5q9qo	124	13	billion	billion	CD
cord-031106-h1h5q9qo	124	14	in	in	IN
cord-031106-h1h5q9qo	124	15	December	December	NNP
cord-031106-h1h5q9qo	124	16	.	.	.
cord-031106-h1h5q9qo	125	1	These	these	DT
cord-031106-h1h5q9qo	125	2	numbers	number	NNS
cord-031106-h1h5q9qo	125	3	suggest	suggest	VBP
cord-031106-h1h5q9qo	125	4	that	that	IN
cord-031106-h1h5q9qo	125	5	zombie	zombie	NN
cord-031106-h1h5q9qo	125	6	lending	lending	NN
cord-031106-h1h5q9qo	125	7	will	will	MD
cord-031106-h1h5q9qo	125	8	be	be	VB
cord-031106-h1h5q9qo	125	9	an	an	DT
cord-031106-h1h5q9qo	125	10	issue	issue	NN
cord-031106-h1h5q9qo	125	11	during	during	IN
cord-031106-h1h5q9qo	125	12	the	the	DT
cord-031106-h1h5q9qo	125	13	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	125	14	crisis	crisis	NN
cord-031106-h1h5q9qo	125	15	but	but	CC
cord-031106-h1h5q9qo	125	16	that	that	IN
cord-031106-h1h5q9qo	125	17	most	most	JJS
cord-031106-h1h5q9qo	125	18	of	of	IN
cord-031106-h1h5q9qo	125	19	the	the	DT
cord-031106-h1h5q9qo	125	20	firms	firm	NNS
cord-031106-h1h5q9qo	125	21	becoming	become	VBG
cord-031106-h1h5q9qo	125	22	illiquid	illiquid	JJ
cord-031106-h1h5q9qo	125	23	will	will	MD
cord-031106-h1h5q9qo	125	24	be	be	VB
cord-031106-h1h5q9qo	125	25	firms	firm	NNS
cord-031106-h1h5q9qo	125	26	that	that	WDT
cord-031106-h1h5q9qo	125	27	were	be	VBD
cord-031106-h1h5q9qo	125	28	solid	solid	JJ
cord-031106-h1h5q9qo	125	29	before	before	IN
cord-031106-h1h5q9qo	125	30	the	the	DT
cord-031106-h1h5q9qo	125	31	start	start	NN
cord-031106-h1h5q9qo	125	32	of	of	IN
cord-031106-h1h5q9qo	125	33	the	the	DT
cord-031106-h1h5q9qo	125	34	pandemic	pandemic	NN
cord-031106-h1h5q9qo	125	35	.	.	.
cord-031106-h1h5q9qo	126	1	This	this	DT
cord-031106-h1h5q9qo	126	2	is	be	VBZ
cord-031106-h1h5q9qo	126	3	expected	expect	VBN
cord-031106-h1h5q9qo	126	4	as	as	IN
cord-031106-h1h5q9qo	126	5	the	the	DT
cord-031106-h1h5q9qo	126	6	shock	shock	NN
cord-031106-h1h5q9qo	126	7	has	have	VBZ
cord-031106-h1h5q9qo	126	8	hit	hit	VBN
cord-031106-h1h5q9qo	126	9	sectors	sector	NNS
cord-031106-h1h5q9qo	126	10	differentially	differentially	RB
cord-031106-h1h5q9qo	126	11	based	base	VBN
cord-031106-h1h5q9qo	126	12	on	on	IN
cord-031106-h1h5q9qo	126	13	characteristics	characteristic	NNS
cord-031106-h1h5q9qo	126	14	,	,	,
cord-031106-h1h5q9qo	126	15	such	such	JJ
cord-031106-h1h5q9qo	126	16	as	as	IN
cord-031106-h1h5q9qo	126	17	producing	produce	VBG
cord-031106-h1h5q9qo	126	18	nonessential	nonessential	JJ
cord-031106-h1h5q9qo	126	19	goods	good	NNS
cord-031106-h1h5q9qo	126	20	and	and	CC
cord-031106-h1h5q9qo	126	21	therefore	therefore	RB
cord-031106-h1h5q9qo	126	22	having	have	VBG
cord-031106-h1h5q9qo	126	23	to	to	IN
cord-031106-h1h5q9qo	126	24	(	(	-LRB-
cord-031106-h1h5q9qo	126	25	temporarily	temporarily	RB
cord-031106-h1h5q9qo	126	26	)	)	-RRB-
cord-031106-h1h5q9qo	126	27	shut	shut	VBN
cord-031106-h1h5q9qo	126	28	down	down	RP
cord-031106-h1h5q9qo	126	29	and/or	and/or	CC
cord-031106-h1h5q9qo	126	30	transitioning	transition	VBG
cord-031106-h1h5q9qo	126	31	employees	employee	NNS
cord-031106-h1h5q9qo	126	32	to	to	IN
cord-031106-h1h5q9qo	126	33	remote	remote	JJ
cord-031106-h1h5q9qo	126	34	work	work	NN
cord-031106-h1h5q9qo	126	35	to	to	IN
cord-031106-h1h5q9qo	126	36	the	the	DT
cord-031106-h1h5q9qo	126	37	extent	extent	NN
cord-031106-h1h5q9qo	126	38	possible	possible	JJ
cord-031106-h1h5q9qo	126	39	,	,	,
cord-031106-h1h5q9qo	126	40	unrelated	unrelated	JJ
cord-031106-h1h5q9qo	126	41	to	to	IN
cord-031106-h1h5q9qo	126	42	financial	financial	JJ
cord-031106-h1h5q9qo	126	43	health	health	NN
cord-031106-h1h5q9qo	126	44	.	.	.
cord-031106-h1h5q9qo	127	1	However	however	RB
cord-031106-h1h5q9qo	127	2	,	,	,
cord-031106-h1h5q9qo	127	3	some	some	DT
cord-031106-h1h5q9qo	127	4	credit	credit	NN
cord-031106-h1h5q9qo	127	5	will	will	MD
cord-031106-h1h5q9qo	127	6	inevitably	inevitably	RB
cord-031106-h1h5q9qo	127	7	be	be	VB
cord-031106-h1h5q9qo	127	8	given	give	VBN
cord-031106-h1h5q9qo	127	9	to	to	IN
cord-031106-h1h5q9qo	127	10	zombie	zombie	NN
cord-031106-h1h5q9qo	127	11	firms	firm	NNS
cord-031106-h1h5q9qo	127	12	.	.	.
cord-031106-h1h5q9qo	128	1	According	accord	VBG
cord-031106-h1h5q9qo	128	2	to	to	IN
cord-031106-h1h5q9qo	128	3	the	the	DT
cord-031106-h1h5q9qo	128	4	received	receive	VBN
cord-031106-h1h5q9qo	128	5	wisdom	wisdom	NN
cord-031106-h1h5q9qo	128	6	,	,	,
cord-031106-h1h5q9qo	128	7	this	this	DT
cord-031106-h1h5q9qo	128	8	might	may	MD
cord-031106-h1h5q9qo	128	9	slow	slow	VB
cord-031106-h1h5q9qo	128	10	recovery	recovery	NN
cord-031106-h1h5q9qo	128	11	.	.	.
cord-031106-h1h5q9qo	129	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	129	2	next	next	RB
cord-031106-h1h5q9qo	129	3	show	show	VBP
cord-031106-h1h5q9qo	129	4	that	that	IN
cord-031106-h1h5q9qo	129	5	this	this	DT
cord-031106-h1h5q9qo	129	6	received	receive	VBD
cord-031106-h1h5q9qo	129	7	wisdom	wisdom	NN
cord-031106-h1h5q9qo	129	8	might	may	MD
cord-031106-h1h5q9qo	129	9	be	be	VB
cord-031106-h1h5q9qo	129	10	based	base	VBN
cord-031106-h1h5q9qo	129	11	on	on	IN
cord-031106-h1h5q9qo	129	12	problematic	problematic	JJ
cord-031106-h1h5q9qo	129	13	evidence	evidence	NN
cord-031106-h1h5q9qo	129	14	.	.	.
cord-031106-h1h5q9qo	130	1	In	in	IN
cord-031106-h1h5q9qo	130	2	this	this	DT
cord-031106-h1h5q9qo	130	3	section	section	NN
cord-031106-h1h5q9qo	130	4	,	,	,
cord-031106-h1h5q9qo	130	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	130	6	illustrate	illustrate	VBP
cord-031106-h1h5q9qo	130	7	the	the	DT
cord-031106-h1h5q9qo	130	8	approach	approach	NN
cord-031106-h1h5q9qo	130	9	used	use	VBN
cord-031106-h1h5q9qo	130	10	in	in	IN
cord-031106-h1h5q9qo	130	11	the	the	DT
cord-031106-h1h5q9qo	130	12	literature	literature	NN
cord-031106-h1h5q9qo	130	13	and	and	CC
cord-031106-h1h5q9qo	130	14	the	the	DT
cord-031106-h1h5q9qo	130	15	corresponding	corresponding	JJ
cord-031106-h1h5q9qo	130	16	identification	identification	NN
cord-031106-h1h5q9qo	130	17	problem	problem	NN
cord-031106-h1h5q9qo	130	18	.	.	.
cord-031106-h1h5q9qo	131	1	The	the	DT
cord-031106-h1h5q9qo	131	2	regression	regression	NN
cord-031106-h1h5q9qo	131	3	framework	framework	NN
cord-031106-h1h5q9qo	131	4	typically	typically	RB
cord-031106-h1h5q9qo	131	5	used	use	VBN
cord-031106-h1h5q9qo	131	6	to	to	TO
cord-031106-h1h5q9qo	131	7	analyze	analyze	VB
cord-031106-h1h5q9qo	131	8	the	the	DT
cord-031106-h1h5q9qo	131	9	effects	effect	NNS
cord-031106-h1h5q9qo	131	10	of	of	IN
cord-031106-h1h5q9qo	131	11	zombies	zombie	NNS
cord-031106-h1h5q9qo	131	12	on	on	IN
cord-031106-h1h5q9qo	131	13	heathy	heathy	JJ
cord-031106-h1h5q9qo	131	14	firms	firm	NNS
cord-031106-h1h5q9qo	131	15	is	be	VBZ
cord-031106-h1h5q9qo	131	16	the	the	DT
cord-031106-h1h5q9qo	131	17	following	follow	VBG
cord-031106-h1h5q9qo	131	18	:	:	:
cord-031106-h1h5q9qo	132	1	where	where	WRB
cord-031106-h1h5q9qo	132	2	X	x	NN
cord-031106-h1h5q9qo	132	3	is	be	VBZ
cord-031106-h1h5q9qo	132	4	a	a	DT
cord-031106-h1h5q9qo	132	5	measure	measure	NN
cord-031106-h1h5q9qo	132	6	of	of	IN
cord-031106-h1h5q9qo	132	7	activity	activity	NN
cord-031106-h1h5q9qo	132	8	(	(	-LRB-
cord-031106-h1h5q9qo	132	9	say	say	VB
cord-031106-h1h5q9qo	132	10	employment	employment	NN
cord-031106-h1h5q9qo	132	11	growth	growth	NN
cord-031106-h1h5q9qo	132	12	)	)	-RRB-
cord-031106-h1h5q9qo	132	13	of	of	IN
cord-031106-h1h5q9qo	132	14	firm	firm	NN
cord-031106-h1h5q9qo	132	15	i	i	PRP
cord-031106-h1h5q9qo	132	16	in	in	IN
cord-031106-h1h5q9qo	132	17	sector	sector	NNP
cord-031106-h1h5q9qo	132	18	j	j	NNP
cord-031106-h1h5q9qo	132	19	and	and	CC
cord-031106-h1h5q9qo	132	20	year	year	NN
cord-031106-h1h5q9qo	132	21	t	t	NNP
cord-031106-h1h5q9qo	132	22	,	,	,
cord-031106-h1h5q9qo	132	23	D	D	NNP
cord-031106-h1h5q9qo	132	24	N	N	NNP
cord-031106-h1h5q9qo	132	25	Z	Z	NNP
cord-031106-h1h5q9qo	132	26	ijt	ijt	NN
cord-031106-h1h5q9qo	132	27	is	be	VBZ
cord-031106-h1h5q9qo	132	28	a	a	DT
cord-031106-h1h5q9qo	132	29	dummy	dummy	JJ
cord-031106-h1h5q9qo	132	30	equal	equal	JJ
cord-031106-h1h5q9qo	132	31	to	to	IN
cord-031106-h1h5q9qo	132	32	one	one	CD
cord-031106-h1h5q9qo	132	33	for	for	IN
cord-031106-h1h5q9qo	132	34	nonzombie	nonzombie	NNP
cord-031106-h1h5q9qo	132	35	firms	firm	NNS
cord-031106-h1h5q9qo	132	36	,	,	,
cord-031106-h1h5q9qo	132	37	Z	Z	NNP
cord-031106-h1h5q9qo	132	38	jt	jt	NNP
cord-031106-h1h5q9qo	132	39	measures	measure	VBZ
cord-031106-h1h5q9qo	132	40	the	the	DT
cord-031106-h1h5q9qo	132	41	presence	presence	NN
cord-031106-h1h5q9qo	132	42	of	of	IN
cord-031106-h1h5q9qo	132	43	zombies	zombie	NNS
cord-031106-h1h5q9qo	132	44	in	in	IN
cord-031106-h1h5q9qo	132	45	a	a	DT
cord-031106-h1h5q9qo	132	46	sector	sector	NN
cord-031106-h1h5q9qo	132	47	(	(	-LRB-
cord-031106-h1h5q9qo	132	48	in	in	IN
cord-031106-h1h5q9qo	132	49	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	132	50	et	et	NNP
cord-031106-h1h5q9qo	132	51	al	al	NNP
cord-031106-h1h5q9qo	132	52	.	.	.
cord-031106-h1h5q9qo	133	1	(	(	-LRB-
cord-031106-h1h5q9qo	133	2	2008	2008	CD
cord-031106-h1h5q9qo	133	3	)	)	-RRB-
cord-031106-h1h5q9qo	133	4	,	,	,
cord-031106-h1h5q9qo	133	5	it	-PRON-	PRP
cord-031106-h1h5q9qo	133	6	is	be	VBZ
cord-031106-h1h5q9qo	133	7	the	the	DT
cord-031106-h1h5q9qo	133	8	share	share	NN
cord-031106-h1h5q9qo	133	9	of	of	IN
cord-031106-h1h5q9qo	133	10	assets	asset	NNS
cord-031106-h1h5q9qo	133	11	of	of	IN
cord-031106-h1h5q9qo	133	12	zombie	zombie	NN
cord-031106-h1h5q9qo	133	13	firms	firm	NNS
cord-031106-h1h5q9qo	133	14	in	in	IN
cord-031106-h1h5q9qo	133	15	total	total	JJ
cord-031106-h1h5q9qo	133	16	sectoral	sectoral	JJ
cord-031106-h1h5q9qo	133	17	assets	asset	NNS
cord-031106-h1h5q9qo	133	18	,	,	,
cord-031106-h1h5q9qo	133	19	and	and	CC
cord-031106-h1h5q9qo	133	20	in	in	IN
cord-031106-h1h5q9qo	133	21	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	133	22	et	et	NNP
cord-031106-h1h5q9qo	133	23	al	al	NNP
cord-031106-h1h5q9qo	133	24	.	.	.
cord-031106-h1h5q9qo	134	1	Blattner	Blattner	NNP
cord-031106-h1h5q9qo	134	2	et	et	NNP
cord-031106-h1h5q9qo	134	3	al	al	NNP
cord-031106-h1h5q9qo	134	4	.	.	.
cord-031106-h1h5q9qo	135	1	(	(	-LRB-
cord-031106-h1h5q9qo	135	2	2018	2018	CD
cord-031106-h1h5q9qo	135	3	)	)	-RRB-
cord-031106-h1h5q9qo	135	4	,	,	,
cord-031106-h1h5q9qo	135	5	it	-PRON-	PRP
cord-031106-h1h5q9qo	135	6	is	be	VBZ
cord-031106-h1h5q9qo	135	7	the	the	DT
cord-031106-h1h5q9qo	135	8	share	share	NN
cord-031106-h1h5q9qo	135	9	of	of	IN
cord-031106-h1h5q9qo	135	10	zombie	zombie	NN
cord-031106-h1h5q9qo	135	11	firms	firm	NNS
cord-031106-h1h5q9qo	135	12	in	in	IN
cord-031106-h1h5q9qo	135	13	a	a	DT
cord-031106-h1h5q9qo	135	14	sector	sector	NN
cord-031106-h1h5q9qo	135	15	)	)	-RRB-
cord-031106-h1h5q9qo	135	16	,	,	,
cord-031106-h1h5q9qo	135	17	D	D	NNP
cord-031106-h1h5q9qo	135	18	t	t	NN
cord-031106-h1h5q9qo	135	19	and	and	CC
cord-031106-h1h5q9qo	135	20	D	D	NNP
cord-031106-h1h5q9qo	135	21	j	j	NNP
cord-031106-h1h5q9qo	135	22	are	be	VBP
cord-031106-h1h5q9qo	135	23	year	year	NN
cord-031106-h1h5q9qo	135	24	and	and	CC
cord-031106-h1h5q9qo	135	25	sector	sector	NN
cord-031106-h1h5q9qo	135	26	dummies	dummy	NNS
cord-031106-h1h5q9qo	135	27	and	and	CC
cord-031106-h1h5q9qo	135	28	ijt	ijt	VB
cord-031106-h1h5q9qo	135	29	an	an	DT
cord-031106-h1h5q9qo	135	30	error	error	NN
cord-031106-h1h5q9qo	135	31	term	term	NN
cord-031106-h1h5q9qo	135	32	.	.	.
cord-031106-h1h5q9qo	136	1	The	the	DT
cord-031106-h1h5q9qo	136	2	coefficient	coefficient	NN
cord-031106-h1h5q9qo	136	3	β	β	NN
cord-031106-h1h5q9qo	136	4	1	1	CD
cord-031106-h1h5q9qo	136	5	measures	measure	NNS
cord-031106-h1h5q9qo	136	6	the	the	DT
cord-031106-h1h5q9qo	136	7	correlation	correlation	NN
cord-031106-h1h5q9qo	136	8	between	between	IN
cord-031106-h1h5q9qo	136	9	the	the	DT
cord-031106-h1h5q9qo	136	10	share	share	NN
cord-031106-h1h5q9qo	136	11	of	of	IN
cord-031106-h1h5q9qo	136	12	zombies	zombie	NNS
cord-031106-h1h5q9qo	136	13	in	in	IN
cord-031106-h1h5q9qo	136	14	the	the	DT
cord-031106-h1h5q9qo	136	15	sector	sector	NN
cord-031106-h1h5q9qo	136	16	and	and	CC
cord-031106-h1h5q9qo	136	17	the	the	DT
cord-031106-h1h5q9qo	136	18	zombie	zombie	NN
cord-031106-h1h5q9qo	136	19	performance	performance	NN
cord-031106-h1h5q9qo	136	20	,	,	,
cord-031106-h1h5q9qo	136	21	and	and	CC
cord-031106-h1h5q9qo	136	22	β	β	NN
cord-031106-h1h5q9qo	136	23	2	2	CD
cord-031106-h1h5q9qo	136	24	captures	capture	VBZ
cord-031106-h1h5q9qo	136	25	the	the	DT
cord-031106-h1h5q9qo	136	26	differential	differential	JJ
cord-031106-h1h5q9qo	136	27	effect	effect	NN
cord-031106-h1h5q9qo	136	28	for	for	IN
cord-031106-h1h5q9qo	136	29	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	136	30	.	.	.
cord-031106-h1h5q9qo	137	1	A	a	DT
cord-031106-h1h5q9qo	137	2	negative	negative	JJ
cord-031106-h1h5q9qo	137	3	estimate	estimate	NN
cord-031106-h1h5q9qo	137	4	of	of	IN
cord-031106-h1h5q9qo	137	5	β	β	NN
cord-031106-h1h5q9qo	137	6	2	2	CD
cord-031106-h1h5q9qo	137	7	is	be	VBZ
cord-031106-h1h5q9qo	137	8	interpreted	interpret	VBN
cord-031106-h1h5q9qo	137	9	as	as	IN
cord-031106-h1h5q9qo	137	10	evidence	evidence	NN
cord-031106-h1h5q9qo	137	11	of	of	IN
cord-031106-h1h5q9qo	137	12	negative	negative	JJ
cord-031106-h1h5q9qo	137	13	spillovers	spillover	NNS
cord-031106-h1h5q9qo	137	14	from	from	IN
cord-031106-h1h5q9qo	137	15	zombies	zombie	NNS
cord-031106-h1h5q9qo	137	16	to	to	IN
cord-031106-h1h5q9qo	137	17	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	137	18	:	:	:
cord-031106-h1h5q9qo	137	19	the	the	DT
cord-031106-h1h5q9qo	137	20	higher	high	JJR
cord-031106-h1h5q9qo	137	21	the	the	DT
cord-031106-h1h5q9qo	137	22	share	share	NN
cord-031106-h1h5q9qo	137	23	of	of	IN
cord-031106-h1h5q9qo	137	24	zombies	zombie	NNS
cord-031106-h1h5q9qo	137	25	,	,	,
cord-031106-h1h5q9qo	137	26	the	the	DT
cord-031106-h1h5q9qo	137	27	worse	bad	JJR
cord-031106-h1h5q9qo	137	28	the	the	DT
cord-031106-h1h5q9qo	137	29	relative	relative	JJ
cord-031106-h1h5q9qo	137	30	performance	performance	NN
cord-031106-h1h5q9qo	137	31	of	of	IN
cord-031106-h1h5q9qo	137	32	healthy	healthy	JJ
cord-031106-h1h5q9qo	137	33	firms	firm	NNS
cord-031106-h1h5q9qo	137	34	.	.	.
cord-031106-h1h5q9qo	138	1	The	the	DT
cord-031106-h1h5q9qo	138	2	key	key	JJ
cord-031106-h1h5q9qo	138	3	identification	identification	NN
cord-031106-h1h5q9qo	138	4	problem	problem	NN
cord-031106-h1h5q9qo	138	5	in	in	IN
cord-031106-h1h5q9qo	138	6	estimating	estimate	VBG
cord-031106-h1h5q9qo	138	7	this	this	DT
cord-031106-h1h5q9qo	138	8	regression	regression	NN
cord-031106-h1h5q9qo	138	9	is	be	VBZ
cord-031106-h1h5q9qo	138	10	that	that	IN
cord-031106-h1h5q9qo	138	11	the	the	DT
cord-031106-h1h5q9qo	138	12	share	share	NN
cord-031106-h1h5q9qo	138	13	of	of	IN
cord-031106-h1h5q9qo	138	14	zombies	zombie	NNS
cord-031106-h1h5q9qo	138	15	is	be	VBZ
cord-031106-h1h5q9qo	138	16	correlated	correlate	VBN
cord-031106-h1h5q9qo	138	17	with	with	IN
cord-031106-h1h5q9qo	138	18	shocks	shock	NNS
cord-031106-h1h5q9qo	138	19	affecting	affect	VBG
cord-031106-h1h5q9qo	138	20	the	the	DT
cord-031106-h1h5q9qo	138	21	performance	performance	NN
cord-031106-h1h5q9qo	138	22	of	of	IN
cord-031106-h1h5q9qo	138	23	both	both	DT
cord-031106-h1h5q9qo	138	24	zombies	zombie	NNS
cord-031106-h1h5q9qo	138	25	and	and	CC
cord-031106-h1h5q9qo	138	26	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	138	27	,	,	,
cord-031106-h1h5q9qo	138	28	such	such	JJ
cord-031106-h1h5q9qo	138	29	as	as	IN
cord-031106-h1h5q9qo	138	30	demand	demand	NN
cord-031106-h1h5q9qo	138	31	shocks	shock	NNS
cord-031106-h1h5q9qo	138	32	.	.	.
cord-031106-h1h5q9qo	139	1	An	an	DT
cord-031106-h1h5q9qo	139	2	adverse	adverse	JJ
cord-031106-h1h5q9qo	139	3	demand	demand	NN
cord-031106-h1h5q9qo	139	4	shock	shock	NN
cord-031106-h1h5q9qo	139	5	in	in	IN
cord-031106-h1h5q9qo	139	6	sector	sector	NN
cord-031106-h1h5q9qo	139	7	j	j	NNP
cord-031106-h1h5q9qo	139	8	is	be	VBZ
cord-031106-h1h5q9qo	139	9	bound	bind	VBN
cord-031106-h1h5q9qo	139	10	to	to	TO
cord-031106-h1h5q9qo	139	11	increase	increase	VB
cord-031106-h1h5q9qo	139	12	the	the	DT
cord-031106-h1h5q9qo	139	13	share	share	NN
cord-031106-h1h5q9qo	139	14	of	of	IN
cord-031106-h1h5q9qo	139	15	zombies	zombie	NNS
cord-031106-h1h5q9qo	139	16	,	,	,
cord-031106-h1h5q9qo	139	17	while	while	IN
cord-031106-h1h5q9qo	139	18	negatively	negatively	RB
cord-031106-h1h5q9qo	139	19	affecting	affect	VBG
cord-031106-h1h5q9qo	139	20	the	the	DT
cord-031106-h1h5q9qo	139	21	performance	performance	NN
cord-031106-h1h5q9qo	139	22	of	of	IN
cord-031106-h1h5q9qo	139	23	healthy	healthy	JJ
cord-031106-h1h5q9qo	139	24	firms	firm	NNS
cord-031106-h1h5q9qo	139	25	operating	operate	VBG
cord-031106-h1h5q9qo	139	26	in	in	IN
cord-031106-h1h5q9qo	139	27	the	the	DT
cord-031106-h1h5q9qo	139	28	same	same	JJ
cord-031106-h1h5q9qo	139	29	sector	sector	NN
cord-031106-h1h5q9qo	139	30	.	.	.
cord-031106-h1h5q9qo	140	1	This	this	DT
cord-031106-h1h5q9qo	140	2	problem	problem	NN
cord-031106-h1h5q9qo	140	3	is	be	VBZ
cord-031106-h1h5q9qo	140	4	well	well	RB
cord-031106-h1h5q9qo	140	5	understood	understand	VBN
cord-031106-h1h5q9qo	140	6	by	by	IN
cord-031106-h1h5q9qo	140	7	the	the	DT
cord-031106-h1h5q9qo	140	8	literature	literature	NN
cord-031106-h1h5q9qo	140	9	,	,	,
cord-031106-h1h5q9qo	140	10	which	which	WDT
cord-031106-h1h5q9qo	140	11	addresses	address	VBZ
cord-031106-h1h5q9qo	140	12	it	-PRON-	PRP
cord-031106-h1h5q9qo	140	13	by	by	IN
cord-031106-h1h5q9qo	140	14	specifying	specify	VBG
cord-031106-h1h5q9qo	140	15	the	the	DT
cord-031106-h1h5q9qo	140	16	vector	vector	NN
cord-031106-h1h5q9qo	140	17	of	of	IN
cord-031106-h1h5q9qo	140	18	dummy	dummy	JJ
cord-031106-h1h5q9qo	140	19	variables	variable	NNS
cord-031106-h1h5q9qo	140	20	as	as	IN
cord-031106-h1h5q9qo	140	21	a	a	DT
cord-031106-h1h5q9qo	140	22	full	full	JJ
cord-031106-h1h5q9qo	140	23	set	set	NN
cord-031106-h1h5q9qo	140	24	of	of	IN
cord-031106-h1h5q9qo	140	25	(	(	-LRB-
cord-031106-h1h5q9qo	140	26	country-)sector	country-)sector	NNP
cord-031106-h1h5q9qo	140	27	-	-	HYPH
cord-031106-h1h5q9qo	140	28	year	year	NN
cord-031106-h1h5q9qo	140	29	5	5	CD
cord-031106-h1h5q9qo	140	30	dummy	dummy	JJ
cord-031106-h1h5q9qo	140	31	variables	variable	NNS
cord-031106-h1h5q9qo	140	32	D	D	NNP
cord-031106-h1h5q9qo	140	33	jt	jt	NN
cord-031106-h1h5q9qo	140	34	and	and	CC
cord-031106-h1h5q9qo	140	35	estimate	estimate	VB
cord-031106-h1h5q9qo	140	36	the	the	DT
cord-031106-h1h5q9qo	140	37	equation	equation	NN
cord-031106-h1h5q9qo	140	38	:	:	:
cord-031106-h1h5q9qo	140	39	In	in	IN
cord-031106-h1h5q9qo	140	40	this	this	DT
cord-031106-h1h5q9qo	140	41	equation	equation	NN
cord-031106-h1h5q9qo	140	42	,	,	,
cord-031106-h1h5q9qo	140	43	the	the	DT
cord-031106-h1h5q9qo	140	44	absolute	absolute	JJ
cord-031106-h1h5q9qo	140	45	effect	effect	NN
cord-031106-h1h5q9qo	140	46	of	of	IN
cord-031106-h1h5q9qo	140	47	the	the	DT
cord-031106-h1h5q9qo	140	48	presence	presence	NN
cord-031106-h1h5q9qo	140	49	of	of	IN
cord-031106-h1h5q9qo	140	50	zombies	zombie	NNS
cord-031106-h1h5q9qo	140	51	in	in	IN
cord-031106-h1h5q9qo	140	52	a	a	DT
cord-031106-h1h5q9qo	140	53	sector	sector	NN
cord-031106-h1h5q9qo	140	54	can	can	MD
cord-031106-h1h5q9qo	140	55	not	not	RB
cord-031106-h1h5q9qo	140	56	be	be	VB
cord-031106-h1h5q9qo	140	57	estimated	estimate	VBN
cord-031106-h1h5q9qo	140	58	anymore	anymore	RB
cord-031106-h1h5q9qo	140	59	,	,	,
cord-031106-h1h5q9qo	140	60	as	as	IN
cord-031106-h1h5q9qo	140	61	absorbed	absorb	VBN
cord-031106-h1h5q9qo	140	62	by	by	IN
cord-031106-h1h5q9qo	140	63	the	the	DT
cord-031106-h1h5q9qo	140	64	sector	sector	NN
cord-031106-h1h5q9qo	140	65	-	-	HYPH
cord-031106-h1h5q9qo	140	66	year	year	NN
cord-031106-h1h5q9qo	140	67	dummy	dummy	NN
cord-031106-h1h5q9qo	140	68	;	;	:
cord-031106-h1h5q9qo	140	69	one	one	PRP
cord-031106-h1h5q9qo	140	70	can	can	MD
cord-031106-h1h5q9qo	140	71	only	only	RB
cord-031106-h1h5q9qo	140	72	estimate	estimate	VB
cord-031106-h1h5q9qo	140	73	the	the	DT
cord-031106-h1h5q9qo	140	74	relative	relative	JJ
cord-031106-h1h5q9qo	140	75	effect	effect	NN
cord-031106-h1h5q9qo	140	76	on	on	IN
cord-031106-h1h5q9qo	140	77	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	140	78	,	,	,
cord-031106-h1h5q9qo	140	79	relative	relative	JJ
cord-031106-h1h5q9qo	140	80	to	to	IN
cord-031106-h1h5q9qo	140	81	zombies	zombie	NNS
cord-031106-h1h5q9qo	140	82	,	,	,
cord-031106-h1h5q9qo	140	83	β	β	NN
cord-031106-h1h5q9qo	140	84	3	3	CD
cord-031106-h1h5q9qo	140	85	.	.	.
cord-031106-h1h5q9qo	141	1	Still	still	RB
cord-031106-h1h5q9qo	141	2	,	,	,
cord-031106-h1h5q9qo	141	3	provided	provide	VBN
cord-031106-h1h5q9qo	141	4	that	that	IN
cord-031106-h1h5q9qo	141	5	the	the	DT
cord-031106-h1h5q9qo	141	6	coefficient	coefficient	NN
cord-031106-h1h5q9qo	141	7	β	β	NN
cord-031106-h1h5q9qo	141	8	3	3	CD
cord-031106-h1h5q9qo	141	9	correctly	correctly	RB
cord-031106-h1h5q9qo	141	10	identifies	identify	VBZ
cord-031106-h1h5q9qo	141	11	the	the	DT
cord-031106-h1h5q9qo	141	12	negative	negative	JJ
cord-031106-h1h5q9qo	141	13	spillovers	spillover	NNS
cord-031106-h1h5q9qo	141	14	,	,	,
cord-031106-h1h5q9qo	141	15	this	this	DT
cord-031106-h1h5q9qo	141	16	is	be	VBZ
cord-031106-h1h5q9qo	141	17	sufficient	sufficient	JJ
cord-031106-h1h5q9qo	141	18	to	to	TO
cord-031106-h1h5q9qo	141	19	state	state	VB
cord-031106-h1h5q9qo	141	20	that	that	DT
cord-031106-h1h5q9qo	141	21	,	,	,
cord-031106-h1h5q9qo	142	1	if	if	IN
cord-031106-h1h5q9qo	142	2	β	β	NN
cord-031106-h1h5q9qo	142	3	3	3	CD
cord-031106-h1h5q9qo	142	4	<	<	XX
cord-031106-h1h5q9qo	142	5	0	0	CD
cord-031106-h1h5q9qo	142	6	,	,	,
cord-031106-h1h5q9qo	142	7	zombies	zombie	NNS
cord-031106-h1h5q9qo	142	8	hurt	hurt	VBD
cord-031106-h1h5q9qo	142	9	healthy	healthy	JJ
cord-031106-h1h5q9qo	142	10	firms	firm	NNS
cord-031106-h1h5q9qo	142	11	,	,	,
cord-031106-h1h5q9qo	142	12	at	at	IN
cord-031106-h1h5q9qo	142	13	least	least	JJS
cord-031106-h1h5q9qo	142	14	in	in	IN
cord-031106-h1h5q9qo	142	15	a	a	DT
cord-031106-h1h5q9qo	142	16	relative	relative	JJ
cord-031106-h1h5q9qo	142	17	sense	sense	NN
cord-031106-h1h5q9qo	142	18	.	.	.
cord-031106-h1h5q9qo	143	1	Given	give	VBN
cord-031106-h1h5q9qo	143	2	that	that	IN
cord-031106-h1h5q9qo	143	3	the	the	DT
cord-031106-h1h5q9qo	143	4	sector	sector	NN
cord-031106-h1h5q9qo	143	5	-	-	HYPH
cord-031106-h1h5q9qo	143	6	year	year	NN
cord-031106-h1h5q9qo	143	7	dummies	dummy	NNS
cord-031106-h1h5q9qo	143	8	take	take	VBP
cord-031106-h1h5q9qo	143	9	care	care	NN
cord-031106-h1h5q9qo	143	10	of	of	IN
cord-031106-h1h5q9qo	143	11	all	all	DT
cord-031106-h1h5q9qo	143	12	unobserved	unobserved	JJ
cord-031106-h1h5q9qo	143	13	heterogeneity	heterogeneity	NN
cord-031106-h1h5q9qo	143	14	at	at	IN
cord-031106-h1h5q9qo	143	15	the	the	DT
cord-031106-h1h5q9qo	143	16	sector	sector	NN
cord-031106-h1h5q9qo	143	17	-	-	HYPH
cord-031106-h1h5q9qo	143	18	year	year	NN
cord-031106-h1h5q9qo	143	19	level	level	NN
cord-031106-h1h5q9qo	143	20	,	,	,
cord-031106-h1h5q9qo	143	21	this	this	DT
cord-031106-h1h5q9qo	143	22	might	may	MD
cord-031106-h1h5q9qo	143	23	seem	seem	VB
cord-031106-h1h5q9qo	143	24	like	like	IN
cord-031106-h1h5q9qo	143	25	a	a	DT
cord-031106-h1h5q9qo	143	26	robust	robust	JJ
cord-031106-h1h5q9qo	143	27	empirical	empirical	JJ
cord-031106-h1h5q9qo	143	28	framework	framework	NN
cord-031106-h1h5q9qo	143	29	.	.	.
cord-031106-h1h5q9qo	144	1	Unfortunately	unfortunately	RB
cord-031106-h1h5q9qo	144	2	,	,	,
cord-031106-h1h5q9qo	144	3	this	this	DT
cord-031106-h1h5q9qo	144	4	is	be	VBZ
cord-031106-h1h5q9qo	144	5	not	not	RB
cord-031106-h1h5q9qo	144	6	the	the	DT
cord-031106-h1h5q9qo	144	7	case	case	NN
cord-031106-h1h5q9qo	144	8	in	in	IN
cord-031106-h1h5q9qo	144	9	a	a	DT
cord-031106-h1h5q9qo	144	10	standard	standard	JJ
cord-031106-h1h5q9qo	144	11	setting	setting	NN
cord-031106-h1h5q9qo	144	12	of	of	IN
cord-031106-h1h5q9qo	144	13	firms	firm	NNS
cord-031106-h1h5q9qo	144	14	'	'	POS
cord-031106-h1h5q9qo	144	15	heterogeneity	heterogeneity	NN
cord-031106-h1h5q9qo	144	16	.	.	.
cord-031106-h1h5q9qo	145	1	Figure	figure	NN
cord-031106-h1h5q9qo	145	2	2	2	CD
cord-031106-h1h5q9qo	145	3	illustrates	illustrate	VBZ
cord-031106-h1h5q9qo	145	4	this	this	DT
cord-031106-h1h5q9qo	145	5	problem	problem	NN
cord-031106-h1h5q9qo	145	6	.	.	.
cord-031106-h1h5q9qo	146	1	In	in	IN
cord-031106-h1h5q9qo	146	2	the	the	DT
cord-031106-h1h5q9qo	146	3	figure	figure	NN
cord-031106-h1h5q9qo	146	4	,	,	,
cord-031106-h1h5q9qo	146	5	the	the	DT
cord-031106-h1h5q9qo	146	6	continuous	continuous	JJ
cord-031106-h1h5q9qo	146	7	curve	curve	NN
cord-031106-h1h5q9qo	146	8	depicts	depict	VBZ
cord-031106-h1h5q9qo	146	9	a	a	DT
cord-031106-h1h5q9qo	146	10	hypothetical	hypothetical	JJ
cord-031106-h1h5q9qo	146	11	distribution	distribution	NN
cord-031106-h1h5q9qo	146	12	of	of	IN
cord-031106-h1h5q9qo	146	13	firms	firm	NNS
cord-031106-h1h5q9qo	146	14	performance	performance	NN
cord-031106-h1h5q9qo	146	15	in	in	IN
cord-031106-h1h5q9qo	146	16	a	a	DT
cord-031106-h1h5q9qo	146	17	sector	sector	NN
cord-031106-h1h5q9qo	146	18	using	use	VBG
cord-031106-h1h5q9qo	146	19	a	a	DT
cord-031106-h1h5q9qo	146	20	normal	normal	JJ
cord-031106-h1h5q9qo	146	21	with	with	IN
cord-031106-h1h5q9qo	146	22	mean	mean	JJ
cord-031106-h1h5q9qo	146	23	five	five	CD
cord-031106-h1h5q9qo	146	24	and	and	CC
cord-031106-h1h5q9qo	146	25	unit	unit	NN
cord-031106-h1h5q9qo	146	26	standard	standard	JJ
cord-031106-h1h5q9qo	146	27	deviation	deviation	NN
cord-031106-h1h5q9qo	146	28	.	.	.
cord-031106-h1h5q9qo	147	1	The	the	DT
cord-031106-h1h5q9qo	147	2	horizontal	horizontal	JJ
cord-031106-h1h5q9qo	147	3	axis	axis	NN
cord-031106-h1h5q9qo	147	4	is	be	VBZ
cord-031106-h1h5q9qo	147	5	a	a	DT
cord-031106-h1h5q9qo	147	6	measure	measure	NN
cord-031106-h1h5q9qo	147	7	of	of	IN
cord-031106-h1h5q9qo	147	8	firm	firm	NN
cord-031106-h1h5q9qo	147	9	"	"	``
cord-031106-h1h5q9qo	147	10	quality,"such	quality,"such	NNP
cord-031106-h1h5q9qo	147	11	as	as	IN
cord-031106-h1h5q9qo	147	12	growth	growth	NN
cord-031106-h1h5q9qo	147	13	prospects	prospect	NNS
cord-031106-h1h5q9qo	147	14	,	,	,
cord-031106-h1h5q9qo	147	15	which	which	WDT
cord-031106-h1h5q9qo	147	16	translates	translate	VBZ
cord-031106-h1h5q9qo	147	17	to	to	IN
cord-031106-h1h5q9qo	147	18	firm	firm	JJ
cord-031106-h1h5q9qo	147	19	performance	performance	NN
cord-031106-h1h5q9qo	147	20	,	,	,
cord-031106-h1h5q9qo	147	21	that	that	RB
cord-031106-h1h5q9qo	147	22	is	is	RB
cord-031106-h1h5q9qo	147	23	,	,	,
cord-031106-h1h5q9qo	147	24	actual	actual	JJ
cord-031106-h1h5q9qo	147	25	growth	growth	NN
cord-031106-h1h5q9qo	147	26	.	.	.
cord-031106-h1h5q9qo	148	1	Zombie	zombie	NN
cord-031106-h1h5q9qo	148	2	firms	firm	NNS
cord-031106-h1h5q9qo	148	3	are	be	VBP
cord-031106-h1h5q9qo	148	4	those	those	DT
cord-031106-h1h5q9qo	148	5	below	below	IN
cord-031106-h1h5q9qo	148	6	a	a	DT
cord-031106-h1h5q9qo	148	7	given	give	VBN
cord-031106-h1h5q9qo	148	8	threshold	threshold	NN
cord-031106-h1h5q9qo	148	9	T	T	NNP
cord-031106-h1h5q9qo	148	10	Z	z	NN
cord-031106-h1h5q9qo	148	11	in	in	IN
cord-031106-h1h5q9qo	148	12	the	the	DT
cord-031106-h1h5q9qo	148	13	figure	figure	NN
cord-031106-h1h5q9qo	148	14	.	.	.
cord-031106-h1h5q9qo	149	1	Healthy	healthy	JJ
cord-031106-h1h5q9qo	149	2	firms	firm	NNS
cord-031106-h1h5q9qo	149	3	are	be	VBP
cord-031106-h1h5q9qo	149	4	those	those	DT
cord-031106-h1h5q9qo	149	5	to	to	IN
cord-031106-h1h5q9qo	149	6	the	the	DT
cord-031106-h1h5q9qo	149	7	right	right	NN
cord-031106-h1h5q9qo	149	8	of	of	IN
cord-031106-h1h5q9qo	149	9	T	T	NNP
cord-031106-h1h5q9qo	149	10	Z	Z	NNP
cord-031106-h1h5q9qo	149	11	.	.	.
cord-031106-h1h5q9qo	150	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	150	2	are	be	VBP
cord-031106-h1h5q9qo	150	3	interested	interested	JJ
cord-031106-h1h5q9qo	150	4	in	in	IN
cord-031106-h1h5q9qo	150	5	the	the	DT
cord-031106-h1h5q9qo	150	6	difference	difference	NN
cord-031106-h1h5q9qo	150	7	between	between	IN
cord-031106-h1h5q9qo	150	8	the	the	DT
cord-031106-h1h5q9qo	150	9	average	average	JJ
cord-031106-h1h5q9qo	150	10	performance	performance	NN
cord-031106-h1h5q9qo	150	11	of	of	IN
cord-031106-h1h5q9qo	150	12	healthy	healthy	JJ
cord-031106-h1h5q9qo	150	13	versus	versus	IN
cord-031106-h1h5q9qo	150	14	zombie	zombie	NN
cord-031106-h1h5q9qo	150	15	firms	firm	NNS
cord-031106-h1h5q9qo	150	16	,	,	,
cord-031106-h1h5q9qo	150	17	namely	namely	RB
cord-031106-h1h5q9qo	150	18	,	,	,
cord-031106-h1h5q9qo	150	19	µ	µ	NN
cord-031106-h1h5q9qo	150	20	N	n	NN
cord-031106-h1h5q9qo	150	21	Z	z	NN
cord-031106-h1h5q9qo	150	22	−	−	NN
cord-031106-h1h5q9qo	150	23	µ	µ	NN
cord-031106-h1h5q9qo	150	24	Z	z	NN
cord-031106-h1h5q9qo	150	25	,	,	,
cord-031106-h1h5q9qo	150	26	where	where	WRB
cord-031106-h1h5q9qo	150	27	µ	µ	NN
cord-031106-h1h5q9qo	150	28	N	n	NN
cord-031106-h1h5q9qo	150	29	Z	z	NN
cord-031106-h1h5q9qo	150	30	≡	≡	NN
cord-031106-h1h5q9qo	150	31	E(X|X	e(x|x	NN
cord-031106-h1h5q9qo	150	32	>	>	XX
cord-031106-h1h5q9qo	150	33	T	t	NN
cord-031106-h1h5q9qo	150	34	Z	z	NN
cord-031106-h1h5q9qo	150	35	)	)	-RRB-
cord-031106-h1h5q9qo	150	36	and	and	CC
cord-031106-h1h5q9qo	150	37	µ	µ	NN
cord-031106-h1h5q9qo	150	38	Z	z	NN
cord-031106-h1h5q9qo	150	39	≡	≡	NN
cord-031106-h1h5q9qo	150	40	E(X|X	e(x|x	NN
cord-031106-h1h5q9qo	150	41	≤	≤	NN
cord-031106-h1h5q9qo	150	42	T	t	NN
cord-031106-h1h5q9qo	150	43	Z	z	NN
cord-031106-h1h5q9qo	150	44	)	)	-RRB-
cord-031106-h1h5q9qo	151	1	denote	denote	VB
cord-031106-h1h5q9qo	151	2	the	the	DT
cord-031106-h1h5q9qo	151	3	mean	mean	JJ
cord-031106-h1h5q9qo	151	4	performance	performance	NN
cord-031106-h1h5q9qo	151	5	of	of	IN
cord-031106-h1h5q9qo	151	6	healthy	healthy	JJ
cord-031106-h1h5q9qo	151	7	and	and	CC
cord-031106-h1h5q9qo	151	8	zombie	zombie	NN
cord-031106-h1h5q9qo	151	9	firms	firm	NNS
cord-031106-h1h5q9qo	151	10	respectively	respectively	RB
cord-031106-h1h5q9qo	151	11	,	,	,
cord-031106-h1h5q9qo	151	12	and	and	CC
cord-031106-h1h5q9qo	151	13	X	x	NN
cord-031106-h1h5q9qo	151	14	denotes	denote	VBZ
cord-031106-h1h5q9qo	151	15	firm	firm	JJ
cord-031106-h1h5q9qo	151	16	performance	performance	NN
cord-031106-h1h5q9qo	151	17	.	.	.
cord-031106-h1h5q9qo	152	1	In	in	IN
cord-031106-h1h5q9qo	152	2	particular	particular	JJ
cord-031106-h1h5q9qo	152	3	,	,	,
cord-031106-h1h5q9qo	152	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	152	5	want	want	VBP
cord-031106-h1h5q9qo	152	6	to	to	TO
cord-031106-h1h5q9qo	152	7	know	know	VB
cord-031106-h1h5q9qo	152	8	how	how	WRB
cord-031106-h1h5q9qo	152	9	exogenous	exogenous	JJ
cord-031106-h1h5q9qo	152	10	changes	change	NNS
cord-031106-h1h5q9qo	152	11	in	in	IN
cord-031106-h1h5q9qo	152	12	Z	Z	NNP
cord-031106-h1h5q9qo	152	13	jt	jt	NNP
cord-031106-h1h5q9qo	152	14	,	,	,
cord-031106-h1h5q9qo	152	15	the	the	DT
cord-031106-h1h5q9qo	152	16	share	share	NN
cord-031106-h1h5q9qo	152	17	of	of	IN
cord-031106-h1h5q9qo	152	18	zombies	zombie	NNS
cord-031106-h1h5q9qo	152	19	in	in	IN
cord-031106-h1h5q9qo	152	20	sector	sector	NN
cord-031106-h1h5q9qo	152	21	j	j	NN
cord-031106-h1h5q9qo	152	22	at	at	IN
cord-031106-h1h5q9qo	152	23	t	t	NNP
cord-031106-h1h5q9qo	152	24	,	,	,
cord-031106-h1h5q9qo	152	25	affect	affect	VBP
cord-031106-h1h5q9qo	152	26	µ	µ	NN
cord-031106-h1h5q9qo	152	27	N	n	NN
cord-031106-h1h5q9qo	152	28	Z	z	NN
cord-031106-h1h5q9qo	152	29	−	−	NN
cord-031106-h1h5q9qo	152	30	µ	µ	NN
cord-031106-h1h5q9qo	152	31	Z	z	NN
cord-031106-h1h5q9qo	152	32	through	through	IN
cord-031106-h1h5q9qo	152	33	possible	possible	JJ
cord-031106-h1h5q9qo	152	34	spillover	spillover	NN
cord-031106-h1h5q9qo	152	35	effects	effect	NNS
cord-031106-h1h5q9qo	152	36	,	,	,
cord-031106-h1h5q9qo	152	37	such	such	JJ
cord-031106-h1h5q9qo	152	38	as	as	IN
cord-031106-h1h5q9qo	152	39	distortions	distortion	NNS
cord-031106-h1h5q9qo	152	40	of	of	IN
cord-031106-h1h5q9qo	152	41	competition	competition	NN
cord-031106-h1h5q9qo	152	42	or	or	CC
cord-031106-h1h5q9qo	152	43	lower	low	JJR
cord-031106-h1h5q9qo	152	44	credit	credit	NN
cord-031106-h1h5q9qo	152	45	supply	supply	NN
cord-031106-h1h5q9qo	152	46	to	to	IN
cord-031106-h1h5q9qo	152	47	healthy	healthy	JJ
cord-031106-h1h5q9qo	152	48	firms	firm	NNS
cord-031106-h1h5q9qo	152	49	.	.	.
cord-031106-h1h5q9qo	153	1	According	accord	VBG
cord-031106-h1h5q9qo	153	2	to	to	IN
cord-031106-h1h5q9qo	153	3	the	the	DT
cord-031106-h1h5q9qo	153	4	empirical	empirical	JJ
cord-031106-h1h5q9qo	153	5	framework	framework	NN
cord-031106-h1h5q9qo	153	6	of	of	IN
cord-031106-h1h5q9qo	153	7	the	the	DT
cord-031106-h1h5q9qo	153	8	literature	literature	NN
cord-031106-h1h5q9qo	153	9	,	,	,
cord-031106-h1h5q9qo	153	10	this	this	DT
cord-031106-h1h5q9qo	153	11	can	can	MD
cord-031106-h1h5q9qo	153	12	be	be	VB
cord-031106-h1h5q9qo	153	13	assessed	assess	VBN
cord-031106-h1h5q9qo	153	14	by	by	IN
cord-031106-h1h5q9qo	153	15	the	the	DT
cord-031106-h1h5q9qo	153	16	estimate	estimate	NN
cord-031106-h1h5q9qo	153	17	of	of	IN
cord-031106-h1h5q9qo	153	18	β	β	NNP
cord-031106-h1h5q9qo	153	19	3	3	CD
cord-031106-h1h5q9qo	153	20	in	in	IN
cord-031106-h1h5q9qo	153	21	Equation	equation	NN
cord-031106-h1h5q9qo	153	22	(	(	-LRB-
cord-031106-h1h5q9qo	153	23	4	4	CD
cord-031106-h1h5q9qo	153	24	)	)	-RRB-
cord-031106-h1h5q9qo	153	25	:	:	:
cord-031106-h1h5q9qo	153	26	in	in	IN
cord-031106-h1h5q9qo	153	27	fact	fact	NN
cord-031106-h1h5q9qo	153	28	,	,	,
cord-031106-h1h5q9qo	153	29	by	by	IN
cord-031106-h1h5q9qo	153	30	OLS	OLS	NNP
cord-031106-h1h5q9qo	153	31	estimation	estimation	NN
cord-031106-h1h5q9qo	153	32	,	,	,
cord-031106-h1h5q9qo	153	33	β	β	NN
cord-031106-h1h5q9qo	153	34	3	3	CD
cord-031106-h1h5q9qo	153	35	captures	capture	VBZ
cord-031106-h1h5q9qo	153	36	the	the	DT
cord-031106-h1h5q9qo	153	37	conditional	conditional	JJ
cord-031106-h1h5q9qo	153	38	correlation	correlation	NN
cord-031106-h1h5q9qo	153	39	between	between	IN
cord-031106-h1h5q9qo	153	40	the	the	DT
cord-031106-h1h5q9qo	153	41	share	share	NN
cord-031106-h1h5q9qo	153	42	of	of	IN
cord-031106-h1h5q9qo	153	43	zombies	zombie	NNS
cord-031106-h1h5q9qo	153	44	Z	Z	NNP
cord-031106-h1h5q9qo	153	45	jt	jt	NNP
cord-031106-h1h5q9qo	153	46	and	and	CC
cord-031106-h1h5q9qo	153	47	the	the	DT
cord-031106-h1h5q9qo	153	48	relative	relative	JJ
cord-031106-h1h5q9qo	153	49	performance	performance	NN
cord-031106-h1h5q9qo	153	50	of	of	IN
cord-031106-h1h5q9qo	153	51	healthy	healthy	JJ
cord-031106-h1h5q9qo	153	52	firms	firm	NNS
cord-031106-h1h5q9qo	153	53	µ	µ	NN
cord-031106-h1h5q9qo	153	54	N	n	NN
cord-031106-h1h5q9qo	153	55	Z	z	NN
cord-031106-h1h5q9qo	153	56	−	−	NN
cord-031106-h1h5q9qo	153	57	µ	µ	NN
cord-031106-h1h5q9qo	153	58	Z	z	NN
cord-031106-h1h5q9qo	153	59	.	.	.
cord-031106-h1h5q9qo	154	1	The	the	DT
cord-031106-h1h5q9qo	154	2	implicit	implicit	JJ
cord-031106-h1h5q9qo	154	3	identifying	identify	VBG
cord-031106-h1h5q9qo	154	4	assumption	assumption	NN
cord-031106-h1h5q9qo	154	5	behind	behind	IN
cord-031106-h1h5q9qo	154	6	this	this	DT
cord-031106-h1h5q9qo	154	7	approach	approach	NN
cord-031106-h1h5q9qo	154	8	is	be	VBZ
cord-031106-h1h5q9qo	154	9	that	that	IN
cord-031106-h1h5q9qo	154	10	in	in	IN
cord-031106-h1h5q9qo	154	11	the	the	DT
cord-031106-h1h5q9qo	154	12	absence	absence	NN
cord-031106-h1h5q9qo	154	13	of	of	IN
cord-031106-h1h5q9qo	154	14	spillover	spillover	NN
cord-031106-h1h5q9qo	154	15	effects	effect	NNS
cord-031106-h1h5q9qo	154	16	,	,	,
cord-031106-h1h5q9qo	154	17	shocks	shock	NNS
cord-031106-h1h5q9qo	154	18	that	that	WDT
cord-031106-h1h5q9qo	154	19	change	change	VBP
cord-031106-h1h5q9qo	154	20	the	the	DT
cord-031106-h1h5q9qo	154	21	share	share	NN
cord-031106-h1h5q9qo	154	22	of	of	IN
cord-031106-h1h5q9qo	154	23	zombies	zombie	NNS
cord-031106-h1h5q9qo	154	24	have	have	VBP
cord-031106-h1h5q9qo	154	25	the	the	DT
cord-031106-h1h5q9qo	154	26	same	same	JJ
cord-031106-h1h5q9qo	154	27	effect	effect	NN
cord-031106-h1h5q9qo	154	28	on	on	IN
cord-031106-h1h5q9qo	154	29	the	the	DT
cord-031106-h1h5q9qo	154	30	average	average	JJ
cord-031106-h1h5q9qo	154	31	performance	performance	NN
cord-031106-h1h5q9qo	154	32	of	of	IN
cord-031106-h1h5q9qo	154	33	zombies	zombie	NNS
cord-031106-h1h5q9qo	154	34	and	and	CC
cord-031106-h1h5q9qo	154	35	healthy	healthy	JJ
cord-031106-h1h5q9qo	154	36	firms	firm	NNS
cord-031106-h1h5q9qo	154	37	.	.	.
cord-031106-h1h5q9qo	155	1	That	that	RB
cord-031106-h1h5q9qo	155	2	is	is	RB
cord-031106-h1h5q9qo	155	3	,	,	,
cord-031106-h1h5q9qo	155	4	they	-PRON-	PRP
cord-031106-h1h5q9qo	155	5	do	do	VBP
cord-031106-h1h5q9qo	155	6	not	not	RB
cord-031106-h1h5q9qo	155	7	affect	affect	VB
cord-031106-h1h5q9qo	155	8	µ	µ	NN
cord-031106-h1h5q9qo	155	9	N	n	NN
cord-031106-h1h5q9qo	155	10	Z	z	NN
cord-031106-h1h5q9qo	155	11	−	−	NN
cord-031106-h1h5q9qo	155	12	µ	µ	NN
cord-031106-h1h5q9qo	155	13	Z	z	NN
cord-031106-h1h5q9qo	155	14	.	.	.
cord-031106-h1h5q9qo	156	1	Under	under	IN
cord-031106-h1h5q9qo	156	2	this	this	DT
cord-031106-h1h5q9qo	156	3	assumption	assumption	NN
cord-031106-h1h5q9qo	156	4	,	,	,
cord-031106-h1h5q9qo	156	5	observed	observe	VBD
cord-031106-h1h5q9qo	156	6	variations	variation	NNS
cord-031106-h1h5q9qo	156	7	in	in	IN
cord-031106-h1h5q9qo	156	8	µ	µ	NN
cord-031106-h1h5q9qo	156	9	N	n	NN
cord-031106-h1h5q9qo	156	10	Z	z	NN
cord-031106-h1h5q9qo	156	11	−	−	NN
cord-031106-h1h5q9qo	156	12	µ	µ	NN
cord-031106-h1h5q9qo	156	13	Z	z	NN
cord-031106-h1h5q9qo	156	14	associated	associate	VBN
cord-031106-h1h5q9qo	156	15	with	with	IN
cord-031106-h1h5q9qo	156	16	variations	variation	NNS
cord-031106-h1h5q9qo	156	17	in	in	IN
cord-031106-h1h5q9qo	156	18	the	the	DT
cord-031106-h1h5q9qo	156	19	share	share	NN
cord-031106-h1h5q9qo	156	20	of	of	IN
cord-031106-h1h5q9qo	156	21	zombies	zombie	NNS
cord-031106-h1h5q9qo	156	22	can	can	MD
cord-031106-h1h5q9qo	156	23	be	be	VB
cord-031106-h1h5q9qo	156	24	entirely	entirely	RB
cord-031106-h1h5q9qo	156	25	attributed	attribute	VBN
cord-031106-h1h5q9qo	156	26	to	to	IN
cord-031106-h1h5q9qo	156	27	spillover	spillover	NN
cord-031106-h1h5q9qo	156	28	effects	effect	NNS
cord-031106-h1h5q9qo	156	29	.	.	.
cord-031106-h1h5q9qo	157	1	Unfortunately	unfortunately	RB
cord-031106-h1h5q9qo	157	2	,	,	,
cord-031106-h1h5q9qo	157	3	this	this	DT
cord-031106-h1h5q9qo	157	4	assumption	assumption	NN
cord-031106-h1h5q9qo	157	5	is	be	VBZ
cord-031106-h1h5q9qo	157	6	unlikely	unlikely	JJ
cord-031106-h1h5q9qo	157	7	to	to	TO
cord-031106-h1h5q9qo	157	8	hold	hold	VB
cord-031106-h1h5q9qo	157	9	in	in	IN
cord-031106-h1h5q9qo	157	10	the	the	DT
cord-031106-h1h5q9qo	157	11	data	datum	NNS
cord-031106-h1h5q9qo	157	12	and	and	CC
cord-031106-h1h5q9qo	157	13	,	,	,
cord-031106-h1h5q9qo	157	14	therefore	therefore	RB
cord-031106-h1h5q9qo	157	15	,	,	,
cord-031106-h1h5q9qo	157	16	β	β	NN
cord-031106-h1h5q9qo	157	17	3	3	CD
cord-031106-h1h5q9qo	157	18	can	can	MD
cord-031106-h1h5q9qo	157	19	not	not	RB
cord-031106-h1h5q9qo	157	20	identify	identify	VB
cord-031106-h1h5q9qo	157	21	the	the	DT
cord-031106-h1h5q9qo	157	22	effects	effect	NNS
cord-031106-h1h5q9qo	157	23	of	of	IN
cord-031106-h1h5q9qo	157	24	zombies	zombie	NNS
cord-031106-h1h5q9qo	157	25	on	on	IN
cord-031106-h1h5q9qo	157	26	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	157	27	even	even	RB
cord-031106-h1h5q9qo	157	28	if	if	IN
cord-031106-h1h5q9qo	157	29	one	one	CD
cord-031106-h1h5q9qo	157	30	includes	include	VBZ
cord-031106-h1h5q9qo	157	31	sector	sector	NN
cord-031106-h1h5q9qo	157	32	-	-	HYPH
cord-031106-h1h5q9qo	157	33	year	year	NN
cord-031106-h1h5q9qo	157	34	dummy	dummy	JJ
cord-031106-h1h5q9qo	157	35	variables	variable	NNS
cord-031106-h1h5q9qo	157	36	in	in	IN
cord-031106-h1h5q9qo	157	37	Equation	equation	NN
cord-031106-h1h5q9qo	157	38	Figure	figure	NN
cord-031106-h1h5q9qo	157	39	2	2	CD
cord-031106-h1h5q9qo	157	40	:	:	:
cord-031106-h1h5q9qo	157	41	The	the	DT
cord-031106-h1h5q9qo	157	42	effect	effect	NN
cord-031106-h1h5q9qo	157	43	of	of	IN
cord-031106-h1h5q9qo	157	44	a	a	DT
cord-031106-h1h5q9qo	157	45	common	common	JJ
cord-031106-h1h5q9qo	157	46	shock	shock	NN
cord-031106-h1h5q9qo	157	47	on	on	IN
cord-031106-h1h5q9qo	157	48	zombies	zombie	NNS
cord-031106-h1h5q9qo	157	49	and	and	CC
cord-031106-h1h5q9qo	157	50	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	158	1	The	the	DT
cord-031106-h1h5q9qo	158	2	figure	figure	NN
cord-031106-h1h5q9qo	158	3	plots	plot	VBZ
cord-031106-h1h5q9qo	158	4	two	two	CD
cord-031106-h1h5q9qo	158	5	normal	normal	JJ
cord-031106-h1h5q9qo	158	6	distributions	distribution	NNS
cord-031106-h1h5q9qo	158	7	with	with	IN
cord-031106-h1h5q9qo	158	8	unit	unit	NN
cord-031106-h1h5q9qo	158	9	variance	variance	NN
cord-031106-h1h5q9qo	158	10	and	and	CC
cord-031106-h1h5q9qo	158	11	mean	mean	VB
cord-031106-h1h5q9qo	158	12	µ	µ	NN
cord-031106-h1h5q9qo	158	13	L	l	NN
cord-031106-h1h5q9qo	158	14	=	=	NN
cord-031106-h1h5q9qo	158	15	4	4	CD
cord-031106-h1h5q9qo	158	16	and	and	CC
cord-031106-h1h5q9qo	158	17	µ	µ	NN
cord-031106-h1h5q9qo	158	18	H	h	NN
cord-031106-h1h5q9qo	158	19	=	=	SYM
cord-031106-h1h5q9qo	158	20	5	5	CD
cord-031106-h1h5q9qo	158	21	,	,	,
cord-031106-h1h5q9qo	158	22	respectively	respectively	RB
cord-031106-h1h5q9qo	158	23	.	.	.
cord-031106-h1h5q9qo	159	1	T	T	NNP
cord-031106-h1h5q9qo	159	2	Z	Z	NNP
cord-031106-h1h5q9qo	159	3	is	be	VBZ
cord-031106-h1h5q9qo	159	4	the	the	DT
cord-031106-h1h5q9qo	159	5	threshold	threshold	NN
cord-031106-h1h5q9qo	159	6	to	to	TO
cord-031106-h1h5q9qo	159	7	be	be	VB
cord-031106-h1h5q9qo	159	8	classified	classify	VBN
cord-031106-h1h5q9qo	159	9	as	as	IN
cord-031106-h1h5q9qo	159	10	a	a	DT
cord-031106-h1h5q9qo	159	11	zombie	zombie	NN
cord-031106-h1h5q9qo	159	12	.	.	.
cord-031106-h1h5q9qo	160	1	(	(	-LRB-
cord-031106-h1h5q9qo	160	2	4	4	LS
cord-031106-h1h5q9qo	160	3	)	)	-RRB-
cord-031106-h1h5q9qo	160	4	.	.	.
cord-031106-h1h5q9qo	161	1	To	to	TO
cord-031106-h1h5q9qo	161	2	see	see	VB
cord-031106-h1h5q9qo	161	3	this	this	DT
cord-031106-h1h5q9qo	161	4	,	,	,
cord-031106-h1h5q9qo	161	5	suppose	suppose	VB
cord-031106-h1h5q9qo	161	6	that	that	IN
cord-031106-h1h5q9qo	161	7	the	the	DT
cord-031106-h1h5q9qo	161	8	sector	sector	NN
cord-031106-h1h5q9qo	161	9	is	be	VBZ
cord-031106-h1h5q9qo	161	10	hit	hit	VBN
cord-031106-h1h5q9qo	161	11	by	by	IN
cord-031106-h1h5q9qo	161	12	a	a	DT
cord-031106-h1h5q9qo	161	13	negative	negative	JJ
cord-031106-h1h5q9qo	161	14	shock	shock	NN
cord-031106-h1h5q9qo	161	15	that	that	WDT
cord-031106-h1h5q9qo	161	16	shifts	shift	VBZ
cord-031106-h1h5q9qo	161	17	the	the	DT
cord-031106-h1h5q9qo	161	18	whole	whole	JJ
cord-031106-h1h5q9qo	161	19	distribution	distribution	NN
cord-031106-h1h5q9qo	161	20	of	of	IN
cord-031106-h1h5q9qo	161	21	firms	firm	NNS
cord-031106-h1h5q9qo	161	22	to	to	IN
cord-031106-h1h5q9qo	161	23	the	the	DT
cord-031106-h1h5q9qo	161	24	left	left	NN
cord-031106-h1h5q9qo	161	25	,	,	,
cord-031106-h1h5q9qo	161	26	to	to	IN
cord-031106-h1h5q9qo	161	27	the	the	DT
cord-031106-h1h5q9qo	161	28	dashed	dash	VBN
cord-031106-h1h5q9qo	161	29	curve	curve	NN
cord-031106-h1h5q9qo	161	30	depicted	depict	VBN
cord-031106-h1h5q9qo	161	31	in	in	IN
cord-031106-h1h5q9qo	161	32	Figure	figure	NN
cord-031106-h1h5q9qo	161	33	2	2	CD
cord-031106-h1h5q9qo	161	34	.	.	.
cord-031106-h1h5q9qo	162	1	Three	three	CD
cord-031106-h1h5q9qo	162	2	things	thing	NNS
cord-031106-h1h5q9qo	162	3	happen	happen	VBP
cord-031106-h1h5q9qo	162	4	.	.	.
cord-031106-h1h5q9qo	163	1	First	first	RB
cord-031106-h1h5q9qo	163	2	,	,	,
cord-031106-h1h5q9qo	163	3	the	the	DT
cord-031106-h1h5q9qo	163	4	share	share	NN
cord-031106-h1h5q9qo	163	5	of	of	IN
cord-031106-h1h5q9qo	163	6	zombie	zombie	NN
cord-031106-h1h5q9qo	163	7	firms	firm	NNS
cord-031106-h1h5q9qo	163	8	Z	Z	NNP
cord-031106-h1h5q9qo	163	9	j	j	NNP
cord-031106-h1h5q9qo	163	10	increases	increase	VBZ
cord-031106-h1h5q9qo	163	11	(	(	-LRB-
cord-031106-h1h5q9qo	163	12	the	the	DT
cord-031106-h1h5q9qo	163	13	area	area	NN
cord-031106-h1h5q9qo	163	14	to	to	IN
cord-031106-h1h5q9qo	163	15	the	the	DT
cord-031106-h1h5q9qo	163	16	left	left	NN
cord-031106-h1h5q9qo	163	17	of	of	IN
cord-031106-h1h5q9qo	163	18	T	T	NNP
cord-031106-h1h5q9qo	163	19	Z	z	NN
cord-031106-h1h5q9qo	163	20	rises	rise	VBZ
cord-031106-h1h5q9qo	163	21	,	,	,
cord-031106-h1h5q9qo	163	22	as	as	IN
cord-031106-h1h5q9qo	163	23	illustrated	illustrate	VBN
cord-031106-h1h5q9qo	163	24	by	by	IN
cord-031106-h1h5q9qo	163	25	the	the	DT
cord-031106-h1h5q9qo	163	26	shaded	shaded	JJ
cord-031106-h1h5q9qo	163	27	area	area	NN
cord-031106-h1h5q9qo	163	28	in	in	IN
cord-031106-h1h5q9qo	163	29	Figure	figure	NN
cord-031106-h1h5q9qo	163	30	2	2	CD
cord-031106-h1h5q9qo	163	31	)	)	-RRB-
cord-031106-h1h5q9qo	163	32	.	.	.
cord-031106-h1h5q9qo	164	1	Second	second	RB
cord-031106-h1h5q9qo	164	2	,	,	,
cord-031106-h1h5q9qo	164	3	both	both	DT
cord-031106-h1h5q9qo	164	4	conditional	conditional	JJ
cord-031106-h1h5q9qo	164	5	means	mean	VBZ
cord-031106-h1h5q9qo	164	6	µ	µ	NN
cord-031106-h1h5q9qo	164	7	N	n	NN
cord-031106-h1h5q9qo	164	8	Z	z	NN
cord-031106-h1h5q9qo	164	9	and	and	CC
cord-031106-h1h5q9qo	164	10	µ	µ	NN
cord-031106-h1h5q9qo	164	11	Z	z	NN
cord-031106-h1h5q9qo	164	12	change	change	NN
cord-031106-h1h5q9qo	164	13	and	and	CC
cord-031106-h1h5q9qo	164	14	presumably	presumably	RB
cord-031106-h1h5q9qo	164	15	drop	drop	VB
cord-031106-h1h5q9qo	164	16	.	.	.
cord-031106-h1h5q9qo	165	1	6	6	CD
cord-031106-h1h5q9qo	166	1	This	this	DT
cord-031106-h1h5q9qo	166	2	is	be	VBZ
cord-031106-h1h5q9qo	166	3	the	the	DT
cord-031106-h1h5q9qo	166	4	standard	standard	JJ
cord-031106-h1h5q9qo	166	5	identification	identification	NN
cord-031106-h1h5q9qo	166	6	problem	problem	NN
cord-031106-h1h5q9qo	166	7	discussed	discuss	VBN
cord-031106-h1h5q9qo	166	8	above	above	RB
cord-031106-h1h5q9qo	166	9	,	,	,
cord-031106-h1h5q9qo	166	10	addressed	address	VBN
cord-031106-h1h5q9qo	166	11	in	in	IN
cord-031106-h1h5q9qo	166	12	the	the	DT
cord-031106-h1h5q9qo	166	13	literature	literature	NN
cord-031106-h1h5q9qo	166	14	by	by	IN
cord-031106-h1h5q9qo	166	15	the	the	DT
cord-031106-h1h5q9qo	166	16	inclusion	inclusion	NN
cord-031106-h1h5q9qo	166	17	of	of	IN
cord-031106-h1h5q9qo	166	18	area	area	NN
cord-031106-h1h5q9qo	166	19	-	-	HYPH
cord-031106-h1h5q9qo	166	20	sector	sector	NN
cord-031106-h1h5q9qo	166	21	-	-	HYPH
cord-031106-h1h5q9qo	166	22	year	year	NN
cord-031106-h1h5q9qo	166	23	dummy	dummy	JJ
cord-031106-h1h5q9qo	166	24	variables	variable	NNS
cord-031106-h1h5q9qo	166	25	.	.	.
cord-031106-h1h5q9qo	167	1	Third	third	RB
cord-031106-h1h5q9qo	167	2	,	,	,
cord-031106-h1h5q9qo	167	3	the	the	DT
cord-031106-h1h5q9qo	167	4	difference	difference	NN
cord-031106-h1h5q9qo	167	5	between	between	IN
cord-031106-h1h5q9qo	167	6	the	the	DT
cord-031106-h1h5q9qo	167	7	conditional	conditional	JJ
cord-031106-h1h5q9qo	167	8	means	mean	VBZ
cord-031106-h1h5q9qo	167	9	µ	µ	NN
cord-031106-h1h5q9qo	167	10	N	n	NN
cord-031106-h1h5q9qo	167	11	Z	z	NN
cord-031106-h1h5q9qo	167	12	−	−	NN
cord-031106-h1h5q9qo	167	13	µ	µ	NN
cord-031106-h1h5q9qo	167	14	Z	z	NN
cord-031106-h1h5q9qo	167	15	also	also	RB
cord-031106-h1h5q9qo	167	16	could	could	MD
cord-031106-h1h5q9qo	167	17	be	be	VB
cord-031106-h1h5q9qo	167	18	affected	affect	VBN
cord-031106-h1h5q9qo	167	19	in	in	IN
cord-031106-h1h5q9qo	167	20	a	a	DT
cord-031106-h1h5q9qo	167	21	manner	manner	NN
cord-031106-h1h5q9qo	167	22	that	that	WDT
cord-031106-h1h5q9qo	167	23	depends	depend	VBZ
cord-031106-h1h5q9qo	167	24	on	on	IN
cord-031106-h1h5q9qo	167	25	the	the	DT
cord-031106-h1h5q9qo	167	26	shape	shape	NN
cord-031106-h1h5q9qo	167	27	of	of	IN
cord-031106-h1h5q9qo	167	28	the	the	DT
cord-031106-h1h5q9qo	167	29	distribution	distribution	NN
cord-031106-h1h5q9qo	167	30	of	of	IN
cord-031106-h1h5q9qo	167	31	firms	firm	NNS
cord-031106-h1h5q9qo	167	32	'	'	POS
cord-031106-h1h5q9qo	167	33	performance	performance	NN
cord-031106-h1h5q9qo	167	34	.	.	.
cord-031106-h1h5q9qo	168	1	This	this	DT
cord-031106-h1h5q9qo	168	2	third	third	JJ
cord-031106-h1h5q9qo	168	3	identification	identification	NN
cord-031106-h1h5q9qo	168	4	problem	problem	NN
cord-031106-h1h5q9qo	168	5	is	be	VBZ
cord-031106-h1h5q9qo	168	6	neglected	neglect	VBN
cord-031106-h1h5q9qo	168	7	in	in	IN
cord-031106-h1h5q9qo	168	8	the	the	DT
cord-031106-h1h5q9qo	168	9	literature	literature	NN
cord-031106-h1h5q9qo	168	10	,	,	,
cord-031106-h1h5q9qo	168	11	but	but	CC
cord-031106-h1h5q9qo	168	12	it	-PRON-	PRP
cord-031106-h1h5q9qo	168	13	can	can	MD
cord-031106-h1h5q9qo	168	14	lead	lead	VB
cord-031106-h1h5q9qo	168	15	to	to	IN
cord-031106-h1h5q9qo	168	16	totally	totally	RB
cord-031106-h1h5q9qo	168	17	spurious	spurious	JJ
cord-031106-h1h5q9qo	168	18	conclusions	conclusion	NNS
cord-031106-h1h5q9qo	168	19	on	on	IN
cord-031106-h1h5q9qo	168	20	the	the	DT
cord-031106-h1h5q9qo	168	21	effects	effect	NNS
cord-031106-h1h5q9qo	168	22	of	of	IN
cord-031106-h1h5q9qo	168	23	zombies	zombie	NNS
cord-031106-h1h5q9qo	168	24	on	on	IN
cord-031106-h1h5q9qo	168	25	healthy	healthy	JJ
cord-031106-h1h5q9qo	168	26	firms	firm	NNS
cord-031106-h1h5q9qo	168	27	.	.	.
cord-031106-h1h5q9qo	169	1	Consider	consider	VB
cord-031106-h1h5q9qo	169	2	first	first	RB
cord-031106-h1h5q9qo	169	3	a	a	DT
cord-031106-h1h5q9qo	169	4	symmetric	symmetric	JJ
cord-031106-h1h5q9qo	169	5	distribution	distribution	NN
cord-031106-h1h5q9qo	169	6	of	of	IN
cord-031106-h1h5q9qo	169	7	firm	firm	JJ
cord-031106-h1h5q9qo	169	8	performance	performance	NN
cord-031106-h1h5q9qo	169	9	,	,	,
cord-031106-h1h5q9qo	169	10	that	that	RB
cord-031106-h1h5q9qo	169	11	is	is	RB
cord-031106-h1h5q9qo	169	12	,	,	,
cord-031106-h1h5q9qo	169	13	X	X	NNP
cord-031106-h1h5q9qo	169	14	∼	∼	NNP
cord-031106-h1h5q9qo	169	15	F	F	NNP
cord-031106-h1h5q9qo	169	16	(	(	-LRB-
cord-031106-h1h5q9qo	169	17	.	.	.
cord-031106-h1h5q9qo	169	18	)	)	-RRB-
cord-031106-h1h5q9qo	169	19	,	,	.
cord-031106-h1h5q9qo	170	1	where	where	WRB
cord-031106-h1h5q9qo	170	2	F	F	NNP
cord-031106-h1h5q9qo	170	3	(	(	-LRB-
cord-031106-h1h5q9qo	170	4	.	.	.
cord-031106-h1h5q9qo	170	5	)	)	-RRB-
cord-031106-h1h5q9qo	170	6	is	be	VBZ
cord-031106-h1h5q9qo	170	7	symmetric	symmetric	JJ
cord-031106-h1h5q9qo	170	8	.	.	.
cord-031106-h1h5q9qo	171	1	A	a	DT
cord-031106-h1h5q9qo	171	2	shift	shift	NN
cord-031106-h1h5q9qo	171	3	to	to	IN
cord-031106-h1h5q9qo	171	4	the	the	DT
cord-031106-h1h5q9qo	171	5	left	left	NN
cord-031106-h1h5q9qo	171	6	of	of	IN
cord-031106-h1h5q9qo	171	7	the	the	DT
cord-031106-h1h5q9qo	171	8	distribution	distribution	NN
cord-031106-h1h5q9qo	171	9	is	be	VBZ
cord-031106-h1h5q9qo	171	10	equivalent	equivalent	JJ
cord-031106-h1h5q9qo	171	11	to	to	IN
cord-031106-h1h5q9qo	171	12	a	a	DT
cord-031106-h1h5q9qo	171	13	shift	shift	NN
cord-031106-h1h5q9qo	171	14	to	to	IN
cord-031106-h1h5q9qo	171	15	the	the	DT
cord-031106-h1h5q9qo	171	16	right	right	NN
cord-031106-h1h5q9qo	171	17	of	of	IN
cord-031106-h1h5q9qo	171	18	the	the	DT
cord-031106-h1h5q9qo	171	19	threshold	threshold	NN
cord-031106-h1h5q9qo	171	20	T	T	NNP
cord-031106-h1h5q9qo	171	21	Z	Z	NNP
cord-031106-h1h5q9qo	171	22	,	,	,
cord-031106-h1h5q9qo	171	23	which	which	WDT
cord-031106-h1h5q9qo	171	24	defines	define	VBZ
cord-031106-h1h5q9qo	171	25	zombie	zombie	NN
cord-031106-h1h5q9qo	171	26	firms	firm	NNS
cord-031106-h1h5q9qo	171	27	.	.	.
cord-031106-h1h5q9qo	172	1	But	but	CC
cord-031106-h1h5q9qo	172	2	for	for	IN
cord-031106-h1h5q9qo	172	3	a	a	DT
cord-031106-h1h5q9qo	172	4	large	large	JJ
cord-031106-h1h5q9qo	172	5	class	class	NN
cord-031106-h1h5q9qo	172	6	of	of	IN
cord-031106-h1h5q9qo	172	7	symmetric	symmetric	JJ
cord-031106-h1h5q9qo	172	8	distributions	distribution	NNS
cord-031106-h1h5q9qo	172	9	,	,	,
cord-031106-h1h5q9qo	172	10	a	a	DT
cord-031106-h1h5q9qo	172	11	shift	shift	NN
cord-031106-h1h5q9qo	172	12	to	to	IN
cord-031106-h1h5q9qo	172	13	the	the	DT
cord-031106-h1h5q9qo	172	14	right	right	NN
cord-031106-h1h5q9qo	172	15	of	of	IN
cord-031106-h1h5q9qo	172	16	the	the	DT
cord-031106-h1h5q9qo	172	17	threshold	threshold	NN
cord-031106-h1h5q9qo	172	18	T	T	NNP
cord-031106-h1h5q9qo	172	19	Z	Z	NNP
cord-031106-h1h5q9qo	172	20	automatically	automatically	RB
cord-031106-h1h5q9qo	172	21	causes	cause	VBZ
cord-031106-h1h5q9qo	172	22	a	a	DT
cord-031106-h1h5q9qo	172	23	reduction	reduction	NN
cord-031106-h1h5q9qo	172	24	in	in	IN
cord-031106-h1h5q9qo	172	25	6	6	CD
cord-031106-h1h5q9qo	172	26	Note	note	VB
cord-031106-h1h5q9qo	172	27	that	that	IN
cord-031106-h1h5q9qo	172	28	for	for	IN
cord-031106-h1h5q9qo	172	29	some	some	DT
cord-031106-h1h5q9qo	172	30	distributions	distribution	NNS
cord-031106-h1h5q9qo	172	31	,	,	,
cord-031106-h1h5q9qo	172	32	a	a	DT
cord-031106-h1h5q9qo	172	33	leftward	leftward	JJ
cord-031106-h1h5q9qo	172	34	shift	shift	NN
cord-031106-h1h5q9qo	172	35	might	may	MD
cord-031106-h1h5q9qo	172	36	actually	actually	RB
cord-031106-h1h5q9qo	172	37	increase	increase	VB
cord-031106-h1h5q9qo	172	38	µ	µ	NN
cord-031106-h1h5q9qo	172	39	N	n	NN
cord-031106-h1h5q9qo	172	40	Z	z	NN
cord-031106-h1h5q9qo	172	41	,	,	,
cord-031106-h1h5q9qo	172	42	the	the	DT
cord-031106-h1h5q9qo	172	43	conditional	conditional	JJ
cord-031106-h1h5q9qo	172	44	mean	mean	NN
cord-031106-h1h5q9qo	172	45	,	,	,
cord-031106-h1h5q9qo	172	46	above	above	IN
cord-031106-h1h5q9qo	172	47	the	the	DT
cord-031106-h1h5q9qo	172	48	threshold	threshold	NN
cord-031106-h1h5q9qo	172	49	.	.	.
cord-031106-h1h5q9qo	173	1	However	however	RB
cord-031106-h1h5q9qo	173	2	,	,	,
cord-031106-h1h5q9qo	173	3	the	the	DT
cord-031106-h1h5q9qo	173	4	mean	mean	NN
cord-031106-h1h5q9qo	173	5	surely	surely	RB
cord-031106-h1h5q9qo	173	6	decreases	decrease	VBZ
cord-031106-h1h5q9qo	173	7	for	for	IN
cord-031106-h1h5q9qo	173	8	log	log	NN
cord-031106-h1h5q9qo	173	9	-	-	HYPH
cord-031106-h1h5q9qo	173	10	concave	concave	NN
cord-031106-h1h5q9qo	173	11	distributions	distribution	NNS
cord-031106-h1h5q9qo	173	12	(	(	-LRB-
cord-031106-h1h5q9qo	173	13	Barlow	Barlow	NNP
cord-031106-h1h5q9qo	173	14	&	&	CC
cord-031106-h1h5q9qo	173	15	Proschan	Proschan	NNP
cord-031106-h1h5q9qo	173	16	1975	1975	CD
cord-031106-h1h5q9qo	173	17	)	)	-RRB-
cord-031106-h1h5q9qo	173	18	,	,	,
cord-031106-h1h5q9qo	173	19	a	a	DT
cord-031106-h1h5q9qo	173	20	family	family	NN
cord-031106-h1h5q9qo	173	21	that	that	WDT
cord-031106-h1h5q9qo	173	22	includes	include	VBZ
cord-031106-h1h5q9qo	173	23	many	many	JJ
cord-031106-h1h5q9qo	173	24	commonly	commonly	RB
cord-031106-h1h5q9qo	173	25	used	use	VBN
cord-031106-h1h5q9qo	173	26	distributions	distribution	NNS
cord-031106-h1h5q9qo	173	27	,	,	,
cord-031106-h1h5q9qo	173	28	such	such	JJ
cord-031106-h1h5q9qo	173	29	as	as	IN
cord-031106-h1h5q9qo	173	30	the	the	DT
cord-031106-h1h5q9qo	173	31	normal	normal	JJ
cord-031106-h1h5q9qo	173	32	,	,	,
cord-031106-h1h5q9qo	173	33	the	the	DT
cord-031106-h1h5q9qo	173	34	Laplace	Laplace	NNP
cord-031106-h1h5q9qo	173	35	,	,	,
cord-031106-h1h5q9qo	173	36	and	and	CC
cord-031106-h1h5q9qo	173	37	the	the	DT
cord-031106-h1h5q9qo	173	38	logistic	logistic	NN
cord-031106-h1h5q9qo	173	39	.	.	.
cord-031106-h1h5q9qo	174	1	the	the	DT
cord-031106-h1h5q9qo	174	2	difference	difference	NN
cord-031106-h1h5q9qo	174	3	between	between	IN
cord-031106-h1h5q9qo	174	4	the	the	DT
cord-031106-h1h5q9qo	174	5	conditional	conditional	JJ
cord-031106-h1h5q9qo	174	6	means	mean	VBZ
cord-031106-h1h5q9qo	174	7	µ	µ	NN
cord-031106-h1h5q9qo	174	8	N	n	NN
cord-031106-h1h5q9qo	174	9	Z	z	NN
cord-031106-h1h5q9qo	174	10	−	−	NN
cord-031106-h1h5q9qo	174	11	µ	µ	NN
cord-031106-h1h5q9qo	174	12	Z	z	NN
cord-031106-h1h5q9qo	174	13	,	,	,
cord-031106-h1h5q9qo	174	14	provided	provide	VBN
cord-031106-h1h5q9qo	174	15	that	that	IN
cord-031106-h1h5q9qo	174	16	the	the	DT
cord-031106-h1h5q9qo	174	17	threshold	threshold	NN
cord-031106-h1h5q9qo	174	18	T	T	NNP
cord-031106-h1h5q9qo	174	19	Z	Z	NNP
cord-031106-h1h5q9qo	174	20	is	be	VBZ
cord-031106-h1h5q9qo	174	21	below	below	IN
cord-031106-h1h5q9qo	174	22	the	the	DT
cord-031106-h1h5q9qo	174	23	unconditional	unconditional	JJ
cord-031106-h1h5q9qo	174	24	mean	mean	NN
cord-031106-h1h5q9qo	174	25	of	of	IN
cord-031106-h1h5q9qo	174	26	X	x	NN
cord-031106-h1h5q9qo	174	27	,	,	,
cord-031106-h1h5q9qo	174	28	that	that	RB
cord-031106-h1h5q9qo	174	29	is	is	RB
cord-031106-h1h5q9qo	174	30	,	,	,
cord-031106-h1h5q9qo	174	31	T	T	NNP
cord-031106-h1h5q9qo	174	32	Z	z	NN
cord-031106-h1h5q9qo	174	33	<	<	XX
cord-031106-h1h5q9qo	174	34	E(X	E(X	NNP
cord-031106-h1h5q9qo	174	35	)	)	-RRB-
cord-031106-h1h5q9qo	174	36	.	.	.
cord-031106-h1h5q9qo	175	1	That	that	RB
cord-031106-h1h5q9qo	175	2	is	is	RB
cord-031106-h1h5q9qo	175	3	,	,	,
cord-031106-h1h5q9qo	175	4	a	a	DT
cord-031106-h1h5q9qo	175	5	drop	drop	NN
cord-031106-h1h5q9qo	175	6	in	in	IN
cord-031106-h1h5q9qo	175	7	the	the	DT
cord-031106-h1h5q9qo	175	8	(	(	-LRB-
cord-031106-h1h5q9qo	175	9	average	average	JJ
cord-031106-h1h5q9qo	175	10	)	)	-RRB-
cord-031106-h1h5q9qo	175	11	performance	performance	NN
cord-031106-h1h5q9qo	175	12	of	of	IN
cord-031106-h1h5q9qo	175	13	healthy	healthy	JJ
cord-031106-h1h5q9qo	175	14	firms	firm	NNS
cord-031106-h1h5q9qo	175	15	relative	relative	JJ
cord-031106-h1h5q9qo	175	16	to	to	IN
cord-031106-h1h5q9qo	175	17	that	that	DT
cord-031106-h1h5q9qo	175	18	of	of	IN
cord-031106-h1h5q9qo	175	19	zombies	zombie	NNS
cord-031106-h1h5q9qo	175	20	can	can	MD
cord-031106-h1h5q9qo	175	21	not	not	RB
cord-031106-h1h5q9qo	175	22	be	be	VB
cord-031106-h1h5q9qo	175	23	interpreted	interpret	VBN
cord-031106-h1h5q9qo	175	24	as	as	IN
cord-031106-h1h5q9qo	175	25	evidence	evidence	NN
cord-031106-h1h5q9qo	175	26	of	of	IN
cord-031106-h1h5q9qo	175	27	negative	negative	JJ
cord-031106-h1h5q9qo	175	28	spillovers	spillover	NNS
cord-031106-h1h5q9qo	175	29	from	from	IN
cord-031106-h1h5q9qo	175	30	zombies	zombie	NNS
cord-031106-h1h5q9qo	175	31	to	to	IN
cord-031106-h1h5q9qo	175	32	healthy	healthy	JJ
cord-031106-h1h5q9qo	175	33	firms	firm	NNS
cord-031106-h1h5q9qo	175	34	.	.	.
cord-031106-h1h5q9qo	176	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	176	2	can	can	MD
cord-031106-h1h5q9qo	176	3	be	be	VB
cord-031106-h1h5q9qo	176	4	a	a	DT
cord-031106-h1h5q9qo	176	5	mechanical	mechanical	JJ
cord-031106-h1h5q9qo	176	6	consequence	consequence	NN
cord-031106-h1h5q9qo	176	7	of	of	IN
cord-031106-h1h5q9qo	176	8	a	a	DT
cord-031106-h1h5q9qo	176	9	deterioration	deterioration	NN
cord-031106-h1h5q9qo	176	10	of	of	IN
cord-031106-h1h5q9qo	176	11	the	the	DT
cord-031106-h1h5q9qo	176	12	average	average	JJ
cord-031106-h1h5q9qo	176	13	performance	performance	NN
cord-031106-h1h5q9qo	176	14	of	of	IN
cord-031106-h1h5q9qo	176	15	all	all	DT
cord-031106-h1h5q9qo	176	16	firms	firm	NNS
cord-031106-h1h5q9qo	176	17	,	,	,
cord-031106-h1h5q9qo	176	18	or	or	CC
cord-031106-h1h5q9qo	176	19	equivalently	equivalently	RB
cord-031106-h1h5q9qo	176	20	of	of	IN
cord-031106-h1h5q9qo	176	21	an	an	DT
cord-031106-h1h5q9qo	176	22	increase	increase	NN
cord-031106-h1h5q9qo	176	23	in	in	IN
cord-031106-h1h5q9qo	176	24	the	the	DT
cord-031106-h1h5q9qo	176	25	fraction	fraction	NN
cord-031106-h1h5q9qo	176	26	of	of	IN
cord-031106-h1h5q9qo	176	27	zombie	zombie	NN
cord-031106-h1h5q9qo	176	28	firms	firm	NNS
cord-031106-h1h5q9qo	176	29	.	.	.
cord-031106-h1h5q9qo	177	1	Specifically	specifically	RB
cord-031106-h1h5q9qo	177	2	,	,	,
cord-031106-h1h5q9qo	177	3	the	the	DT
cord-031106-h1h5q9qo	177	4	appendix	appendix	NN
cord-031106-h1h5q9qo	177	5	proves	prove	VBZ
cord-031106-h1h5q9qo	177	6	the	the	DT
cord-031106-h1h5q9qo	177	7	following	following	JJ
cord-031106-h1h5q9qo	177	8	result	result	NN
cord-031106-h1h5q9qo	177	9	:	:	:
cord-031106-h1h5q9qo	177	10	Proposition	proposition	NN
cord-031106-h1h5q9qo	177	11	1	1	CD
cord-031106-h1h5q9qo	177	12	.	.	.
cord-031106-h1h5q9qo	178	1	Consider	consider	VB
cord-031106-h1h5q9qo	178	2	a	a	DT
cord-031106-h1h5q9qo	178	3	random	random	JJ
cord-031106-h1h5q9qo	178	4	variable	variable	NN
cord-031106-h1h5q9qo	178	5	X	x	NN
cord-031106-h1h5q9qo	178	6	with	with	IN
cord-031106-h1h5q9qo	178	7	density	density	NN
cord-031106-h1h5q9qo	178	8	f	f	NN
cord-031106-h1h5q9qo	178	9	(	(	-LRB-
cord-031106-h1h5q9qo	178	10	.	.	.
cord-031106-h1h5q9qo	178	11	)	)	-RRB-
cord-031106-h1h5q9qo	178	12	and	and	CC
cord-031106-h1h5q9qo	178	13	cumulative	cumulative	JJ
cord-031106-h1h5q9qo	178	14	distribution	distribution	NN
cord-031106-h1h5q9qo	178	15	F	f	NN
cord-031106-h1h5q9qo	178	16	(	(	-LRB-
cord-031106-h1h5q9qo	178	17	.	.	.
cord-031106-h1h5q9qo	178	18	)	)	-RRB-
cord-031106-h1h5q9qo	178	19	,	,	,
cord-031106-h1h5q9qo	178	20	and	and	CC
cord-031106-h1h5q9qo	178	21	let	let	VB
cord-031106-h1h5q9qo	178	22	µ	µ	NN
cord-031106-h1h5q9qo	178	23	N	n	NN
cord-031106-h1h5q9qo	178	24	Z	z	NN
cord-031106-h1h5q9qo	178	25	≡	≡	NNP
cord-031106-h1h5q9qo	179	1	E(X|X	e(x|x	NN
cord-031106-h1h5q9qo	179	2	>	>	:
cord-031106-h1h5q9qo	179	3	T	t	NN
cord-031106-h1h5q9qo	179	4	Z	z	NN
cord-031106-h1h5q9qo	179	5	)	)	-RRB-
cord-031106-h1h5q9qo	179	6	and	and	CC
cord-031106-h1h5q9qo	180	1	µ	µ	NNP
cord-031106-h1h5q9qo	180	2	Z	Z	NNP
cord-031106-h1h5q9qo	180	3	≡	≡	NNP
cord-031106-h1h5q9qo	180	4	E(X|X	e(x|x	NN
cord-031106-h1h5q9qo	180	5	≤	≤	NN
cord-031106-h1h5q9qo	180	6	T	t	NN
cord-031106-h1h5q9qo	180	7	Z	z	NN
cord-031106-h1h5q9qo	180	8	)	)	-RRB-
cord-031106-h1h5q9qo	180	9	.	.	.
cord-031106-h1h5q9qo	181	1	Suppose	suppose	VB
cord-031106-h1h5q9qo	181	2	that	that	IN
cord-031106-h1h5q9qo	181	3	the	the	DT
cord-031106-h1h5q9qo	181	4	following	follow	VBG
cord-031106-h1h5q9qo	181	5	conditions	condition	NNS
cord-031106-h1h5q9qo	181	6	hold	hold	VBP
cord-031106-h1h5q9qo	181	7	:	:	:
cord-031106-h1h5q9qo	181	8	All	all	DT
cord-031106-h1h5q9qo	181	9	four	four	CD
cord-031106-h1h5q9qo	181	10	conditions	condition	NNS
cord-031106-h1h5q9qo	181	11	in	in	IN
cord-031106-h1h5q9qo	181	12	the	the	DT
cord-031106-h1h5q9qo	181	13	Proposition	Proposition	NNP
cord-031106-h1h5q9qo	181	14	are	be	VBP
cord-031106-h1h5q9qo	181	15	satisfied	satisfied	JJ
cord-031106-h1h5q9qo	181	16	for	for	IN
cord-031106-h1h5q9qo	181	17	any	any	DT
cord-031106-h1h5q9qo	181	18	normal	normal	JJ
cord-031106-h1h5q9qo	181	19	distribution	distribution	NN
cord-031106-h1h5q9qo	181	20	.	.	.
cord-031106-h1h5q9qo	182	1	The	the	DT
cord-031106-h1h5q9qo	182	2	first	first	JJ
cord-031106-h1h5q9qo	182	3	three	three	CD
cord-031106-h1h5q9qo	182	4	conditions	condition	NNS
cord-031106-h1h5q9qo	182	5	are	be	VBP
cord-031106-h1h5q9qo	182	6	also	also	RB
cord-031106-h1h5q9qo	182	7	satisfied	satisfied	JJ
cord-031106-h1h5q9qo	182	8	for	for	IN
cord-031106-h1h5q9qo	182	9	a	a	DT
cord-031106-h1h5q9qo	182	10	large	large	JJ
cord-031106-h1h5q9qo	182	11	class	class	NN
cord-031106-h1h5q9qo	182	12	of	of	IN
cord-031106-h1h5q9qo	182	13	symmetric	symmetric	JJ
cord-031106-h1h5q9qo	182	14	distributions	distribution	NNS
cord-031106-h1h5q9qo	182	15	,	,	,
cord-031106-h1h5q9qo	182	16	such	such	JJ
cord-031106-h1h5q9qo	182	17	as	as	IN
cord-031106-h1h5q9qo	182	18	the	the	DT
cord-031106-h1h5q9qo	182	19	Cauchy	Cauchy	NNP
cord-031106-h1h5q9qo	182	20	,	,	,
cord-031106-h1h5q9qo	182	21	the	the	DT
cord-031106-h1h5q9qo	182	22	Logistic	Logistic	NNP
cord-031106-h1h5q9qo	182	23	,	,	,
cord-031106-h1h5q9qo	182	24	and	and	CC
cord-031106-h1h5q9qo	182	25	the	the	DT
cord-031106-h1h5q9qo	182	26	Student	Student	NNP
cord-031106-h1h5q9qo	182	27	's	's	POS
cord-031106-h1h5q9qo	182	28	t.	t.	NN
cord-031106-h1h5q9qo	182	29	7	7	CD
cord-031106-h1h5q9qo	183	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	183	2	illustrate	illustrate	VBP
cord-031106-h1h5q9qo	183	3	this	this	DT
cord-031106-h1h5q9qo	183	4	result	result	NN
cord-031106-h1h5q9qo	183	5	for	for	IN
cord-031106-h1h5q9qo	183	6	a	a	DT
cord-031106-h1h5q9qo	183	7	normal	normal	JJ
cord-031106-h1h5q9qo	183	8	distribution	distribution	NN
cord-031106-h1h5q9qo	183	9	with	with	IN
cord-031106-h1h5q9qo	183	10	unit	unit	NN
cord-031106-h1h5q9qo	183	11	variance	variance	NN
cord-031106-h1h5q9qo	183	12	and	and	CC
cord-031106-h1h5q9qo	183	13	mean	mean	VB
cord-031106-h1h5q9qo	183	14	equal	equal	JJ
cord-031106-h1h5q9qo	183	15	to	to	IN
cord-031106-h1h5q9qo	183	16	5	5	CD
cord-031106-h1h5q9qo	183	17	(	(	-LRB-
cord-031106-h1h5q9qo	183	18	the	the	DT
cord-031106-h1h5q9qo	183	19	choice	choice	NN
cord-031106-h1h5q9qo	183	20	of	of	IN
cord-031106-h1h5q9qo	183	21	the	the	DT
cord-031106-h1h5q9qo	183	22	mean	mean	NN
cord-031106-h1h5q9qo	183	23	and	and	CC
cord-031106-h1h5q9qo	183	24	variance	variance	NN
cord-031106-h1h5q9qo	183	25	is	be	VBZ
cord-031106-h1h5q9qo	183	26	inconsequential	inconsequential	JJ
cord-031106-h1h5q9qo	183	27	for	for	IN
cord-031106-h1h5q9qo	183	28	the	the	DT
cord-031106-h1h5q9qo	183	29	results	result	NNS
cord-031106-h1h5q9qo	183	30	since	since	IN
cord-031106-h1h5q9qo	183	31	the	the	DT
cord-031106-h1h5q9qo	183	32	conditions	condition	NNS
cord-031106-h1h5q9qo	183	33	in	in	IN
cord-031106-h1h5q9qo	183	34	Proposition	Proposition	NNP
cord-031106-h1h5q9qo	183	35	1	1	CD
cord-031106-h1h5q9qo	183	36	are	be	VBP
cord-031106-h1h5q9qo	183	37	satisfied	satisfied	JJ
cord-031106-h1h5q9qo	183	38	for	for	IN
cord-031106-h1h5q9qo	183	39	any	any	DT
cord-031106-h1h5q9qo	183	40	normal	normal	JJ
cord-031106-h1h5q9qo	183	41	distribution	distribution	NN
cord-031106-h1h5q9qo	183	42	)	)	-RRB-
cord-031106-h1h5q9qo	183	43	.	.	.
cord-031106-h1h5q9qo	184	1	Assume	assume	VB
cord-031106-h1h5q9qo	184	2	that	that	IN
cord-031106-h1h5q9qo	184	3	firms	firm	NNS
cord-031106-h1h5q9qo	184	4	below	below	IN
cord-031106-h1h5q9qo	184	5	3	3	CD
cord-031106-h1h5q9qo	184	6	are	be	VBP
cord-031106-h1h5q9qo	184	7	classified	classify	VBN
cord-031106-h1h5q9qo	184	8	as	as	IN
cord-031106-h1h5q9qo	184	9	zombies	zombie	NNS
cord-031106-h1h5q9qo	184	10	,	,	,
cord-031106-h1h5q9qo	184	11	that	that	RB
cord-031106-h1h5q9qo	184	12	is	is	RB
cord-031106-h1h5q9qo	184	13	,	,	,
cord-031106-h1h5q9qo	184	14	T	T	NNP
cord-031106-h1h5q9qo	184	15	Z	z	NN
cord-031106-h1h5q9qo	184	16	=	=	SYM
cord-031106-h1h5q9qo	184	17	3	3	CD
cord-031106-h1h5q9qo	184	18	.	.	.
cord-031106-h1h5q9qo	185	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	185	2	perform	perform	VBP
cord-031106-h1h5q9qo	185	3	the	the	DT
cord-031106-h1h5q9qo	185	4	following	follow	VBG
cord-031106-h1h5q9qo	185	5	experiment	experiment	NN
cord-031106-h1h5q9qo	185	6	.	.	.
cord-031106-h1h5q9qo	186	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	186	2	generate	generate	VBP
cord-031106-h1h5q9qo	186	3	negative	negative	JJ
cord-031106-h1h5q9qo	186	4	shocks	shock	NNS
cord-031106-h1h5q9qo	186	5	s	s	POS
cord-031106-h1h5q9qo	186	6	=	=	NN
cord-031106-h1h5q9qo	187	1	0.01	0.01	CD
cord-031106-h1h5q9qo	187	2	,	,	,
cord-031106-h1h5q9qo	187	3	0.02	0.02	CD
cord-031106-h1h5q9qo	187	4	,	,	,
cord-031106-h1h5q9qo	187	5	...	...	:
cord-031106-h1h5q9qo	187	6	,	,	,
cord-031106-h1h5q9qo	187	7	3	3	CD
cord-031106-h1h5q9qo	187	8	that	that	WDT
cord-031106-h1h5q9qo	187	9	progressively	progressively	RB
cord-031106-h1h5q9qo	187	10	shift	shift	VB
cord-031106-h1h5q9qo	187	11	the	the	DT
cord-031106-h1h5q9qo	187	12	distribution	distribution	NN
cord-031106-h1h5q9qo	187	13	to	to	IN
cord-031106-h1h5q9qo	187	14	the	the	DT
cord-031106-h1h5q9qo	187	15	left	left	NN
cord-031106-h1h5q9qo	187	16	,	,	,
cord-031106-h1h5q9qo	187	17	µ(s	µ(s	NNP
cord-031106-h1h5q9qo	187	18	)	)	-RRB-
cord-031106-h1h5q9qo	187	19	=	=	NFP
cord-031106-h1h5q9qo	188	1	5	5	LS
cord-031106-h1h5q9qo	188	2	−	−	NNP
cord-031106-h1h5q9qo	188	3	s	s	NNP
cord-031106-h1h5q9qo	188	4	,	,	,
cord-031106-h1h5q9qo	188	5	and	and	CC
cord-031106-h1h5q9qo	188	6	compute	compute	VB
cord-031106-h1h5q9qo	188	7	µ	µ	NN
cord-031106-h1h5q9qo	188	8	N	n	NN
cord-031106-h1h5q9qo	188	9	Z	z	NN
cord-031106-h1h5q9qo	188	10	(	(	-LRB-
cord-031106-h1h5q9qo	188	11	s	s	NN
cord-031106-h1h5q9qo	188	12	)	)	-RRB-
cord-031106-h1h5q9qo	188	13	−	−	NN
cord-031106-h1h5q9qo	188	14	µ	µ	NN
cord-031106-h1h5q9qo	188	15	Z	z	NN
cord-031106-h1h5q9qo	188	16	(	(	-LRB-
cord-031106-h1h5q9qo	188	17	s	s	NN
cord-031106-h1h5q9qo	188	18	)	)	-RRB-
cord-031106-h1h5q9qo	188	19	,	,	.
cord-031106-h1h5q9qo	189	1	that	that	DT
cord-031106-h1h5q9qo	189	2	is	is	RB
cord-031106-h1h5q9qo	189	3	,	,	,
cord-031106-h1h5q9qo	189	4	the	the	DT
cord-031106-h1h5q9qo	189	5	difference	difference	NN
cord-031106-h1h5q9qo	189	6	in	in	IN
cord-031106-h1h5q9qo	189	7	the	the	DT
cord-031106-h1h5q9qo	189	8	average	average	JJ
cord-031106-h1h5q9qo	189	9	quality	quality	NN
cord-031106-h1h5q9qo	189	10	of	of	IN
cord-031106-h1h5q9qo	189	11	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	189	12	and	and	CC
cord-031106-h1h5q9qo	189	13	zombies	zombie	NNS
cord-031106-h1h5q9qo	189	14	,	,	,
cord-031106-h1h5q9qo	189	15	for	for	IN
cord-031106-h1h5q9qo	189	16	each	each	DT
cord-031106-h1h5q9qo	189	17	value	value	NN
cord-031106-h1h5q9qo	189	18	of	of	IN
cord-031106-h1h5q9qo	189	19	s.	s.	NNP
cord-031106-h1h5q9qo	189	20	Panel	Panel	NNP
cord-031106-h1h5q9qo	189	21	A	A	NNP
cord-031106-h1h5q9qo	189	22	of	of	IN
cord-031106-h1h5q9qo	189	23	Figure	figure	NN
cord-031106-h1h5q9qo	189	24	3	3	CD
cord-031106-h1h5q9qo	189	25	plots	plot	NNS
cord-031106-h1h5q9qo	189	26	µ	µ	NN
cord-031106-h1h5q9qo	189	27	N	n	NN
cord-031106-h1h5q9qo	189	28	Z	Z	NNP
cord-031106-h1h5q9qo	189	29	(	(	-LRB-
cord-031106-h1h5q9qo	189	30	s	s	NN
cord-031106-h1h5q9qo	189	31	)	)	-RRB-
cord-031106-h1h5q9qo	189	32	−	−	NN
cord-031106-h1h5q9qo	189	33	µ	µ	NN
cord-031106-h1h5q9qo	189	34	Z	z	NN
cord-031106-h1h5q9qo	189	35	(	(	-LRB-
cord-031106-h1h5q9qo	189	36	s	s	NN
cord-031106-h1h5q9qo	189	37	)	)	-RRB-
cord-031106-h1h5q9qo	189	38	against	against	IN
cord-031106-h1h5q9qo	189	39	the	the	DT
cord-031106-h1h5q9qo	189	40	shock	shock	NN
cord-031106-h1h5q9qo	189	41	s	s	NN
cord-031106-h1h5q9qo	189	42	and	and	CC
cord-031106-h1h5q9qo	189	43	shows	show	VBZ
cord-031106-h1h5q9qo	189	44	that	that	IN
cord-031106-h1h5q9qo	189	45	it	-PRON-	PRP
cord-031106-h1h5q9qo	189	46	is	be	VBZ
cord-031106-h1h5q9qo	189	47	decreasing	decrease	VBG
cord-031106-h1h5q9qo	189	48	for	for	IN
cord-031106-h1h5q9qo	189	49	s	s	PRP
cord-031106-h1h5q9qo	189	50	<	<	XX
cord-031106-h1h5q9qo	189	51	2	2	CD
cord-031106-h1h5q9qo	189	52	.	.	.
cord-031106-h1h5q9qo	190	1	as	as	RB
cord-031106-h1h5q9qo	190	2	long	long	RB
cord-031106-h1h5q9qo	190	3	as	as	IN
cord-031106-h1h5q9qo	190	4	the	the	DT
cord-031106-h1h5q9qo	190	5	zombie	zombie	NN
cord-031106-h1h5q9qo	190	6	threshold	threshold	NN
cord-031106-h1h5q9qo	190	7	T	T	NNP
cord-031106-h1h5q9qo	190	8	Z	Z	NNP
cord-031106-h1h5q9qo	190	9	is	be	VBZ
cord-031106-h1h5q9qo	190	10	to	to	IN
cord-031106-h1h5q9qo	190	11	the	the	DT
cord-031106-h1h5q9qo	190	12	left	left	NN
cord-031106-h1h5q9qo	190	13	of	of	IN
cord-031106-h1h5q9qo	190	14	the	the	DT
cord-031106-h1h5q9qo	190	15	mean	mean	NN
cord-031106-h1h5q9qo	190	16	of	of	IN
cord-031106-h1h5q9qo	190	17	the	the	DT
cord-031106-h1h5q9qo	190	18	distribution	distribution	NN
cord-031106-h1h5q9qo	190	19	(	(	-LRB-
cord-031106-h1h5q9qo	190	20	for	for	IN
cord-031106-h1h5q9qo	190	21	s	s	NN
cord-031106-h1h5q9qo	190	22	=	=	SYM
cord-031106-h1h5q9qo	190	23	2	2	CD
cord-031106-h1h5q9qo	190	24	,	,	,
cord-031106-h1h5q9qo	190	25	µ(s	µ(s	NNP
cord-031106-h1h5q9qo	190	26	)	)	-RRB-
cord-031106-h1h5q9qo	190	27	=	=	NFP
cord-031106-h1h5q9qo	191	1	3	3	LS
cord-031106-h1h5q9qo	191	2	=	=	SYM
cord-031106-h1h5q9qo	191	3	T	t	NN
cord-031106-h1h5q9qo	191	4	Z	z	NN
cord-031106-h1h5q9qo	191	5	)	)	-RRB-
cord-031106-h1h5q9qo	191	6	.	.	.
cord-031106-h1h5q9qo	192	1	Panel	panel	NN
cord-031106-h1h5q9qo	192	2	B	B	NNP
cord-031106-h1h5q9qo	192	3	plots	plot	NNS
cord-031106-h1h5q9qo	192	4	µ	µ	NN
cord-031106-h1h5q9qo	192	5	N	n	NN
cord-031106-h1h5q9qo	192	6	Z	Z	NNP
cord-031106-h1h5q9qo	192	7	(	(	-LRB-
cord-031106-h1h5q9qo	192	8	s	s	NN
cord-031106-h1h5q9qo	192	9	)	)	-RRB-
cord-031106-h1h5q9qo	192	10	−	−	NN
cord-031106-h1h5q9qo	192	11	µ	µ	NN
cord-031106-h1h5q9qo	192	12	Z	z	NN
cord-031106-h1h5q9qo	192	13	(	(	-LRB-
cord-031106-h1h5q9qo	192	14	s	s	NN
cord-031106-h1h5q9qo	192	15	)	)	-RRB-
cord-031106-h1h5q9qo	192	16	against	against	IN
cord-031106-h1h5q9qo	192	17	the	the	DT
cord-031106-h1h5q9qo	192	18	share	share	NN
cord-031106-h1h5q9qo	192	19	of	of	IN
cord-031106-h1h5q9qo	192	20	zombies	zombie	NNS
cord-031106-h1h5q9qo	192	21	,	,	,
cord-031106-h1h5q9qo	192	22	that	that	RB
cord-031106-h1h5q9qo	192	23	is	is	RB
cord-031106-h1h5q9qo	192	24	,	,	,
cord-031106-h1h5q9qo	192	25	the	the	DT
cord-031106-h1h5q9qo	192	26	share	share	NN
cord-031106-h1h5q9qo	192	27	of	of	IN
cord-031106-h1h5q9qo	192	28	firms	firm	NNS
cord-031106-h1h5q9qo	192	29	below	below	IN
cord-031106-h1h5q9qo	192	30	3	3	CD
cord-031106-h1h5q9qo	192	31	,	,	,
cord-031106-h1h5q9qo	192	32	which	which	WDT
cord-031106-h1h5q9qo	192	33	obviously	obviously	RB
cord-031106-h1h5q9qo	192	34	increases	increase	VBZ
cord-031106-h1h5q9qo	192	35	with	with	IN
cord-031106-h1h5q9qo	192	36	s.	s.	NNP
cord-031106-h1h5q9qo	193	1	Here	here	RB
cord-031106-h1h5q9qo	193	2	too	too	RB
cord-031106-h1h5q9qo	193	3	,	,	,
cord-031106-h1h5q9qo	193	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	193	5	find	find	VBP
cord-031106-h1h5q9qo	193	6	a	a	DT
cord-031106-h1h5q9qo	193	7	negative	negative	JJ
cord-031106-h1h5q9qo	193	8	relationship	relationship	NN
cord-031106-h1h5q9qo	193	9	,	,	,
cord-031106-h1h5q9qo	193	10	as	as	RB
cord-031106-h1h5q9qo	193	11	long	long	RB
cord-031106-h1h5q9qo	193	12	as	as	IN
cord-031106-h1h5q9qo	193	13	the	the	DT
cord-031106-h1h5q9qo	193	14	share	share	NN
cord-031106-h1h5q9qo	193	15	of	of	IN
cord-031106-h1h5q9qo	193	16	zombies	zombie	NNS
cord-031106-h1h5q9qo	193	17	is	be	VBZ
cord-031106-h1h5q9qo	193	18	below	below	IN
cord-031106-h1h5q9qo	193	19	50	50	CD
cord-031106-h1h5q9qo	193	20	%	%	NN
cord-031106-h1h5q9qo	193	21	.	.	.
cord-031106-h1h5q9qo	194	1	The	the	DT
cord-031106-h1h5q9qo	194	2	condition	condition	NN
cord-031106-h1h5q9qo	194	3	that	that	WDT
cord-031106-h1h5q9qo	194	4	T	t	NN
cord-031106-h1h5q9qo	194	5	Z	z	NN
cord-031106-h1h5q9qo	194	6	<	<	XX
cord-031106-h1h5q9qo	194	7	E(X	E(X	NNP
cord-031106-h1h5q9qo	194	8	)	)	-RRB-
cord-031106-h1h5q9qo	194	9	is	be	VBZ
cord-031106-h1h5q9qo	194	10	generally	generally	RB
cord-031106-h1h5q9qo	194	11	met	meet	VBN
cord-031106-h1h5q9qo	194	12	in	in	IN
cord-031106-h1h5q9qo	194	13	the	the	DT
cord-031106-h1h5q9qo	194	14	papers	paper	NNS
cord-031106-h1h5q9qo	194	15	on	on	IN
cord-031106-h1h5q9qo	194	16	zombie	zombie	NN
cord-031106-h1h5q9qo	194	17	lending	lending	NN
cord-031106-h1h5q9qo	194	18	.	.	.
cord-031106-h1h5q9qo	195	1	The	the	DT
cord-031106-h1h5q9qo	195	2	graphs	graph	NNS
cord-031106-h1h5q9qo	195	3	report	report	VBP
cord-031106-h1h5q9qo	195	4	the	the	DT
cord-031106-h1h5q9qo	195	5	difference	difference	NN
cord-031106-h1h5q9qo	195	6	in	in	IN
cord-031106-h1h5q9qo	195	7	the	the	DT
cord-031106-h1h5q9qo	195	8	conditional	conditional	JJ
cord-031106-h1h5q9qo	195	9	mean	mean	NN
cord-031106-h1h5q9qo	195	10	of	of	IN
cord-031106-h1h5q9qo	195	11	zombies	zombie	NNS
cord-031106-h1h5q9qo	195	12	and	and	CC
cord-031106-h1h5q9qo	195	13	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	195	14	,	,	,
cord-031106-h1h5q9qo	195	15	µ	µ	NN
cord-031106-h1h5q9qo	195	16	N	n	NN
cord-031106-h1h5q9qo	195	17	Z	z	NN
cord-031106-h1h5q9qo	195	18	−	−	NN
cord-031106-h1h5q9qo	195	19	µ	µ	NN
cord-031106-h1h5q9qo	195	20	Z	z	NN
cord-031106-h1h5q9qo	195	21	.	.	.
cord-031106-h1h5q9qo	196	1	In	in	IN
cord-031106-h1h5q9qo	196	2	panel	panel	NN
cord-031106-h1h5q9qo	196	3	A	A	NNP
cord-031106-h1h5q9qo	196	4	,	,	,
cord-031106-h1h5q9qo	196	5	it	-PRON-	PRP
cord-031106-h1h5q9qo	196	6	is	be	VBZ
cord-031106-h1h5q9qo	196	7	plotted	plot	VBN
cord-031106-h1h5q9qo	196	8	against	against	IN
cord-031106-h1h5q9qo	196	9	the	the	DT
cord-031106-h1h5q9qo	196	10	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	196	11	shock	shock	NN
cord-031106-h1h5q9qo	196	12	s	s	NN
cord-031106-h1h5q9qo	196	13	=	=	SYM
cord-031106-h1h5q9qo	196	14	0	0	CD
cord-031106-h1h5q9qo	196	15	,	,	,
cord-031106-h1h5q9qo	196	16	0.01	0.01	CD
cord-031106-h1h5q9qo	196	17	...	...	NNS
cord-031106-h1h5q9qo	196	18	,	,	,
cord-031106-h1h5q9qo	196	19	3	3	CD
cord-031106-h1h5q9qo	196	20	,	,	,
cord-031106-h1h5q9qo	196	21	which	which	WDT
cord-031106-h1h5q9qo	196	22	determines	determine	VBZ
cord-031106-h1h5q9qo	196	23	the	the	DT
cord-031106-h1h5q9qo	196	24	leftward	leftward	JJ
cord-031106-h1h5q9qo	196	25	shift	shift	NN
cord-031106-h1h5q9qo	196	26	in	in	IN
cord-031106-h1h5q9qo	196	27	the	the	DT
cord-031106-h1h5q9qo	196	28	performance	performance	NN
cord-031106-h1h5q9qo	196	29	distribution	distribution	NN
cord-031106-h1h5q9qo	196	30	,	,	,
cord-031106-h1h5q9qo	196	31	as	as	IN
cord-031106-h1h5q9qo	196	32	illustrated	illustrate	VBN
cord-031106-h1h5q9qo	196	33	in	in	IN
cord-031106-h1h5q9qo	196	34	Figure	Figure	NNP
cord-031106-h1h5q9qo	196	35	2	2	CD
cord-031106-h1h5q9qo	196	36	.	.	.
cord-031106-h1h5q9qo	197	1	In	in	IN
cord-031106-h1h5q9qo	197	2	panel	panel	NN
cord-031106-h1h5q9qo	197	3	B	b	NN
cord-031106-h1h5q9qo	197	4	,	,	,
cord-031106-h1h5q9qo	197	5	it	-PRON-	PRP
cord-031106-h1h5q9qo	197	6	is	be	VBZ
cord-031106-h1h5q9qo	197	7	plotted	plot	VBN
cord-031106-h1h5q9qo	197	8	against	against	IN
cord-031106-h1h5q9qo	197	9	the	the	DT
cord-031106-h1h5q9qo	197	10	share	share	NN
cord-031106-h1h5q9qo	197	11	of	of	IN
cord-031106-h1h5q9qo	197	12	zombies	zombie	NNS
cord-031106-h1h5q9qo	197	13	implied	imply	VBN
cord-031106-h1h5q9qo	197	14	by	by	IN
cord-031106-h1h5q9qo	197	15	the	the	DT
cord-031106-h1h5q9qo	197	16	leftward	leftward	JJ
cord-031106-h1h5q9qo	197	17	shift	shift	NN
cord-031106-h1h5q9qo	197	18	in	in	IN
cord-031106-h1h5q9qo	197	19	the	the	DT
cord-031106-h1h5q9qo	197	20	distribution	distribution	NN
cord-031106-h1h5q9qo	197	21	shown	show	VBN
cord-031106-h1h5q9qo	197	22	in	in	IN
cord-031106-h1h5q9qo	197	23	panel	panel	NN
cord-031106-h1h5q9qo	197	24	A.	a.	NN
cord-031106-h1h5q9qo	198	1	Thus	thus	RB
cord-031106-h1h5q9qo	198	2	,	,	,
cord-031106-h1h5q9qo	198	3	in	in	IN
cord-031106-h1h5q9qo	198	4	a	a	DT
cord-031106-h1h5q9qo	198	5	very	very	RB
cord-031106-h1h5q9qo	198	6	standard	standard	JJ
cord-031106-h1h5q9qo	198	7	setting	setting	NN
cord-031106-h1h5q9qo	198	8	and	and	CC
cord-031106-h1h5q9qo	198	9	without	without	IN
cord-031106-h1h5q9qo	198	10	any	any	DT
cord-031106-h1h5q9qo	198	11	negative	negative	JJ
cord-031106-h1h5q9qo	198	12	spillovers	spillover	NNS
cord-031106-h1h5q9qo	198	13	occurring	occur	VBG
cord-031106-h1h5q9qo	198	14	from	from	IN
cord-031106-h1h5q9qo	198	15	zombies	zombie	NNS
cord-031106-h1h5q9qo	198	16	to	to	IN
cord-031106-h1h5q9qo	198	17	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	198	18	,	,	,
cord-031106-h1h5q9qo	198	19	the	the	DT
cord-031106-h1h5q9qo	198	20	estimation	estimation	NN
cord-031106-h1h5q9qo	198	21	of	of	IN
cord-031106-h1h5q9qo	198	22	Equation	equation	NN
cord-031106-h1h5q9qo	198	23	(	(	-LRB-
cord-031106-h1h5q9qo	198	24	4	4	CD
cord-031106-h1h5q9qo	198	25	)	)	-RRB-
cord-031106-h1h5q9qo	198	26	would	would	MD
cord-031106-h1h5q9qo	198	27	deliver	deliver	VB
cord-031106-h1h5q9qo	198	28	a	a	DT
cord-031106-h1h5q9qo	198	29	negative	negative	JJ
cord-031106-h1h5q9qo	198	30	coefficient	coefficient	NN
cord-031106-h1h5q9qo	198	31	β	β	NN
cord-031106-h1h5q9qo	198	32	3	3	CD
cord-031106-h1h5q9qo	198	33	,	,	,
cord-031106-h1h5q9qo	198	34	corresponding	correspond	VBG
cord-031106-h1h5q9qo	198	35	to	to	IN
cord-031106-h1h5q9qo	198	36	a	a	DT
cord-031106-h1h5q9qo	198	37	negative	negative	JJ
cord-031106-h1h5q9qo	198	38	relative	relative	JJ
cord-031106-h1h5q9qo	198	39	performance	performance	NN
cord-031106-h1h5q9qo	198	40	of	of	IN
cord-031106-h1h5q9qo	198	41	healthy	healthy	JJ
cord-031106-h1h5q9qo	198	42	firms	firm	NNS
cord-031106-h1h5q9qo	198	43	as	as	IN
cord-031106-h1h5q9qo	198	44	the	the	DT
cord-031106-h1h5q9qo	198	45	share	share	NN
cord-031106-h1h5q9qo	198	46	of	of	IN
cord-031106-h1h5q9qo	198	47	zombies	zombie	NNS
cord-031106-h1h5q9qo	198	48	increases	increase	NNS
cord-031106-h1h5q9qo	198	49	.	.	.
cord-031106-h1h5q9qo	199	1	But	but	CC
cord-031106-h1h5q9qo	199	2	this	this	DT
cord-031106-h1h5q9qo	199	3	simply	simply	RB
cord-031106-h1h5q9qo	199	4	reflects	reflect	VBZ
cord-031106-h1h5q9qo	199	5	a	a	DT
cord-031106-h1h5q9qo	199	6	property	property	NN
cord-031106-h1h5q9qo	199	7	of	of	IN
cord-031106-h1h5q9qo	199	8	the	the	DT
cord-031106-h1h5q9qo	199	9	distribution	distribution	NN
cord-031106-h1h5q9qo	199	10	of	of	IN
cord-031106-h1h5q9qo	199	11	firms	firm	NNS
cord-031106-h1h5q9qo	199	12	,	,	,
cord-031106-h1h5q9qo	199	13	and	and	CC
cord-031106-h1h5q9qo	199	14	has	have	VBZ
cord-031106-h1h5q9qo	199	15	nothing	nothing	NN
cord-031106-h1h5q9qo	199	16	to	to	TO
cord-031106-h1h5q9qo	199	17	do	do	VB
cord-031106-h1h5q9qo	199	18	with	with	IN
cord-031106-h1h5q9qo	199	19	the	the	DT
cord-031106-h1h5q9qo	199	20	hypothesis	hypothesis	NN
cord-031106-h1h5q9qo	199	21	that	that	IN
cord-031106-h1h5q9qo	199	22	a	a	DT
cord-031106-h1h5q9qo	199	23	larger	large	JJR
cord-031106-h1h5q9qo	199	24	share	share	NN
cord-031106-h1h5q9qo	199	25	of	of	IN
cord-031106-h1h5q9qo	199	26	zombies	zombie	NNS
cord-031106-h1h5q9qo	199	27	hurts	hurt	VBZ
cord-031106-h1h5q9qo	199	28	healthy	healthy	JJ
cord-031106-h1h5q9qo	199	29	firms	firm	NNS
cord-031106-h1h5q9qo	199	30	through	through	IN
cord-031106-h1h5q9qo	199	31	spillovers	spillover	NNS
cord-031106-h1h5q9qo	199	32	in	in	IN
cord-031106-h1h5q9qo	199	33	credit	credit	NN
cord-031106-h1h5q9qo	199	34	,	,	,
cord-031106-h1h5q9qo	199	35	product	product	NN
cord-031106-h1h5q9qo	199	36	,	,	,
cord-031106-h1h5q9qo	199	37	or	or	CC
cord-031106-h1h5q9qo	199	38	input	input	NN
cord-031106-h1h5q9qo	199	39	markets	market	NNS
cord-031106-h1h5q9qo	199	40	.	.	.
cord-031106-h1h5q9qo	200	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	200	2	have	have	VBP
cord-031106-h1h5q9qo	200	3	experimented	experiment	VBN
cord-031106-h1h5q9qo	200	4	numerically	numerically	RB
cord-031106-h1h5q9qo	200	5	with	with	IN
cord-031106-h1h5q9qo	200	6	some	some	DT
cord-031106-h1h5q9qo	200	7	nonsymmetric	nonsymmetric	JJ
cord-031106-h1h5q9qo	200	8	distributions	distribution	NNS
cord-031106-h1h5q9qo	200	9	typically	typically	RB
cord-031106-h1h5q9qo	200	10	used	use	VBN
cord-031106-h1h5q9qo	200	11	in	in	IN
cord-031106-h1h5q9qo	200	12	the	the	DT
cord-031106-h1h5q9qo	200	13	literature	literature	NN
cord-031106-h1h5q9qo	200	14	to	to	TO
cord-031106-h1h5q9qo	200	15	model	model	VB
cord-031106-h1h5q9qo	200	16	the	the	DT
cord-031106-h1h5q9qo	200	17	distribution	distribution	NN
cord-031106-h1h5q9qo	200	18	of	of	IN
cord-031106-h1h5q9qo	200	19	firm	firm	JJ
cord-031106-h1h5q9qo	200	20	performance	performance	NN
cord-031106-h1h5q9qo	200	21	.	.	.
cord-031106-h1h5q9qo	201	1	Specifically	specifically	RB
cord-031106-h1h5q9qo	201	2	,	,	,
cord-031106-h1h5q9qo	201	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	201	4	have	have	VBP
cord-031106-h1h5q9qo	201	5	computed	compute	VBN
cord-031106-h1h5q9qo	201	6	the	the	DT
cord-031106-h1h5q9qo	201	7	conditional	conditional	JJ
cord-031106-h1h5q9qo	201	8	expectations	expectation	NNS
cord-031106-h1h5q9qo	201	9	above	above	IN
cord-031106-h1h5q9qo	201	10	and	and	CC
cord-031106-h1h5q9qo	201	11	below	below	IN
cord-031106-h1h5q9qo	201	12	a	a	DT
cord-031106-h1h5q9qo	201	13	threshold	threshold	NN
cord-031106-h1h5q9qo	201	14	T	T	NNP
cord-031106-h1h5q9qo	201	15	Z	Z	NNP
cord-031106-h1h5q9qo	201	16	as	as	IN
cord-031106-h1h5q9qo	201	17	the	the	DT
cord-031106-h1h5q9qo	201	18	distribution	distribution	NN
cord-031106-h1h5q9qo	201	19	shifts	shift	NNS
cord-031106-h1h5q9qo	201	20	leftward	leftward	RB
cord-031106-h1h5q9qo	201	21	(	(	-LRB-
cord-031106-h1h5q9qo	201	22	and	and	CC
cord-031106-h1h5q9qo	201	23	the	the	DT
cord-031106-h1h5q9qo	201	24	share	share	NN
cord-031106-h1h5q9qo	201	25	of	of	IN
cord-031106-h1h5q9qo	201	26	zombies	zombie	NNS
cord-031106-h1h5q9qo	201	27	increases	increase	NNS
cord-031106-h1h5q9qo	201	28	)	)	-RRB-
cord-031106-h1h5q9qo	201	29	.	.	.
cord-031106-h1h5q9qo	202	1	In	in	IN
cord-031106-h1h5q9qo	202	2	unreported	unreported	JJ
cord-031106-h1h5q9qo	202	3	results	result	NNS
cord-031106-h1h5q9qo	202	4	,	,	,
cord-031106-h1h5q9qo	202	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	202	6	find	find	VBP
cord-031106-h1h5q9qo	202	7	that	that	IN
cord-031106-h1h5q9qo	202	8	the	the	DT
cord-031106-h1h5q9qo	202	9	correlation	correlation	NN
cord-031106-h1h5q9qo	202	10	between	between	IN
cord-031106-h1h5q9qo	202	11	the	the	DT
cord-031106-h1h5q9qo	202	12	share	share	NN
cord-031106-h1h5q9qo	202	13	of	of	IN
cord-031106-h1h5q9qo	202	14	zombies	zombie	NNS
cord-031106-h1h5q9qo	202	15	and	and	CC
cord-031106-h1h5q9qo	202	16	µ	µ	NN
cord-031106-h1h5q9qo	202	17	N	n	NN
cord-031106-h1h5q9qo	202	18	Z	z	NN
cord-031106-h1h5q9qo	202	19	−	−	NN
cord-031106-h1h5q9qo	202	20	µ	µ	NN
cord-031106-h1h5q9qo	202	21	Z	z	NN
cord-031106-h1h5q9qo	202	22	can	can	MD
cord-031106-h1h5q9qo	202	23	be	be	VB
cord-031106-h1h5q9qo	202	24	both	both	DT
cord-031106-h1h5q9qo	202	25	positive	positive	JJ
cord-031106-h1h5q9qo	202	26	and	and	CC
cord-031106-h1h5q9qo	202	27	negative	negative	JJ
cord-031106-h1h5q9qo	202	28	,	,	,
cord-031106-h1h5q9qo	202	29	depending	depend	VBG
cord-031106-h1h5q9qo	202	30	on	on	IN
cord-031106-h1h5q9qo	202	31	the	the	DT
cord-031106-h1h5q9qo	202	32	distribution	distribution	NN
cord-031106-h1h5q9qo	202	33	and	and	CC
cord-031106-h1h5q9qo	202	34	the	the	DT
cord-031106-h1h5q9qo	202	35	parameters	parameter	NNS
cord-031106-h1h5q9qo	202	36	that	that	WDT
cord-031106-h1h5q9qo	202	37	characterize	characterize	VBP
cord-031106-h1h5q9qo	202	38	it	-PRON-	PRP
cord-031106-h1h5q9qo	202	39	.	.	.
cord-031106-h1h5q9qo	203	1	For	for	IN
cord-031106-h1h5q9qo	203	2	example	example	NN
cord-031106-h1h5q9qo	203	3	,	,	,
cord-031106-h1h5q9qo	203	4	the	the	DT
cord-031106-h1h5q9qo	203	5	relationship	relationship	NN
cord-031106-h1h5q9qo	203	6	is	be	VBZ
cord-031106-h1h5q9qo	203	7	continuously	continuously	RB
cord-031106-h1h5q9qo	203	8	decreasing	decrease	VBG
cord-031106-h1h5q9qo	203	9	(	(	-LRB-
cord-031106-h1h5q9qo	203	10	i.e.	i.e.	FW
cord-031106-h1h5q9qo	203	11	,	,	,
cord-031106-h1h5q9qo	203	12	µ	µ	NN
cord-031106-h1h5q9qo	203	13	N	n	NN
cord-031106-h1h5q9qo	203	14	Z	z	NN
cord-031106-h1h5q9qo	203	15	−	−	NN
cord-031106-h1h5q9qo	203	16	µ	µ	NN
cord-031106-h1h5q9qo	203	17	Z	z	NN
cord-031106-h1h5q9qo	203	18	decreases	decrease	VBZ
cord-031106-h1h5q9qo	203	19	when	when	WRB
cord-031106-h1h5q9qo	203	20	the	the	DT
cord-031106-h1h5q9qo	203	21	fraction	fraction	NN
cord-031106-h1h5q9qo	203	22	of	of	IN
cord-031106-h1h5q9qo	203	23	zombies	zombie	NNS
cord-031106-h1h5q9qo	203	24	increases	increase	VBZ
cord-031106-h1h5q9qo	203	25	)	)	-RRB-
cord-031106-h1h5q9qo	203	26	for	for	IN
cord-031106-h1h5q9qo	203	27	the	the	DT
cord-031106-h1h5q9qo	203	28	exponential	exponential	JJ
cord-031106-h1h5q9qo	203	29	distribution	distribution	NN
cord-031106-h1h5q9qo	203	30	,	,	,
cord-031106-h1h5q9qo	203	31	while	while	IN
cord-031106-h1h5q9qo	203	32	the	the	DT
cord-031106-h1h5q9qo	203	33	opposite	opposite	NN
cord-031106-h1h5q9qo	203	34	occurs	occur	VBZ
cord-031106-h1h5q9qo	203	35	for	for	IN
cord-031106-h1h5q9qo	203	36	the	the	DT
cord-031106-h1h5q9qo	203	37	Pareto	Pareto	NNP
cord-031106-h1h5q9qo	203	38	distribution	distribution	NN
cord-031106-h1h5q9qo	203	39	.	.	.
cord-031106-h1h5q9qo	204	1	For	for	IN
cord-031106-h1h5q9qo	204	2	the	the	DT
cord-031106-h1h5q9qo	204	3	lognormal	lognormal	JJ
cord-031106-h1h5q9qo	204	4	,	,	,
cord-031106-h1h5q9qo	204	5	it	-PRON-	PRP
cord-031106-h1h5q9qo	204	6	depends	depend	VBZ
cord-031106-h1h5q9qo	204	7	on	on	IN
cord-031106-h1h5q9qo	204	8	the	the	DT
cord-031106-h1h5q9qo	204	9	parametrization	parametrization	NN
cord-031106-h1h5q9qo	204	10	,	,	,
cord-031106-h1h5q9qo	204	11	and	and	CC
cord-031106-h1h5q9qo	204	12	it	-PRON-	PRP
cord-031106-h1h5q9qo	204	13	can	can	MD
cord-031106-h1h5q9qo	204	14	go	go	VB
cord-031106-h1h5q9qo	204	15	from	from	IN
cord-031106-h1h5q9qo	204	16	decreasing	decrease	VBG
cord-031106-h1h5q9qo	204	17	to	to	IN
cord-031106-h1h5q9qo	204	18	increasing	increase	VBG
cord-031106-h1h5q9qo	204	19	as	as	IN
cord-031106-h1h5q9qo	204	20	for	for	IN
cord-031106-h1h5q9qo	204	21	the	the	DT
cord-031106-h1h5q9qo	204	22	normal	normal	JJ
cord-031106-h1h5q9qo	204	23	case	case	NN
cord-031106-h1h5q9qo	204	24	to	to	IN
cord-031106-h1h5q9qo	204	25	continuous	continuous	JJ
cord-031106-h1h5q9qo	204	26	increasing	increase	VBG
cord-031106-h1h5q9qo	204	27	as	as	IN
cord-031106-h1h5q9qo	204	28	in	in	IN
cord-031106-h1h5q9qo	204	29	the	the	DT
cord-031106-h1h5q9qo	204	30	Pareto	Pareto	NNP
cord-031106-h1h5q9qo	204	31	.	.	.
cord-031106-h1h5q9qo	205	1	Not	not	RB
cord-031106-h1h5q9qo	205	2	surprisingly	surprisingly	RB
cord-031106-h1h5q9qo	205	3	,	,	,
cord-031106-h1h5q9qo	205	4	the	the	DT
cord-031106-h1h5q9qo	205	5	first	first	JJ
cord-031106-h1h5q9qo	205	6	case	case	NN
cord-031106-h1h5q9qo	205	7	occurs	occur	VBZ
cord-031106-h1h5q9qo	205	8	for	for	IN
cord-031106-h1h5q9qo	205	9	parameterizations	parameterization	NNS
cord-031106-h1h5q9qo	205	10	that	that	WDT
cord-031106-h1h5q9qo	205	11	make	make	VBP
cord-031106-h1h5q9qo	205	12	the	the	DT
cord-031106-h1h5q9qo	205	13	lognormal	lognormal	JJ
cord-031106-h1h5q9qo	205	14	similar	similar	JJ
cord-031106-h1h5q9qo	205	15	to	to	IN
cord-031106-h1h5q9qo	205	16	the	the	DT
cord-031106-h1h5q9qo	205	17	normal	normal	JJ
cord-031106-h1h5q9qo	205	18	(	(	-LRB-
cord-031106-h1h5q9qo	205	19	i.e.	i.e.	FW
cord-031106-h1h5q9qo	205	20	,	,	,
cord-031106-h1h5q9qo	205	21	for	for	IN
cord-031106-h1h5q9qo	205	22	a	a	DT
cord-031106-h1h5q9qo	205	23	lognormal	lognormal	JJ
cord-031106-h1h5q9qo	205	24	with	with	IN
cord-031106-h1h5q9qo	205	25	parameters	parameter	NNS
cord-031106-h1h5q9qo	205	26	µ	µ	NN
cord-031106-h1h5q9qo	205	27	,	,	,
cord-031106-h1h5q9qo	205	28	σ	σ	NNP
cord-031106-h1h5q9qo	205	29	,	,	,
cord-031106-h1h5q9qo	205	30	with	with	IN
cord-031106-h1h5q9qo	205	31	low	low	JJ
cord-031106-h1h5q9qo	205	32	σ	σ	NNP
cord-031106-h1h5q9qo	205	33	)	)	-RRB-
cord-031106-h1h5q9qo	205	34	and	and	CC
cord-031106-h1h5q9qo	205	35	the	the	DT
cord-031106-h1h5q9qo	205	36	second	second	JJ
cord-031106-h1h5q9qo	205	37	to	to	IN
cord-031106-h1h5q9qo	205	38	the	the	DT
cord-031106-h1h5q9qo	205	39	Pareto	Pareto	NNP
cord-031106-h1h5q9qo	205	40	(	(	-LRB-
cord-031106-h1h5q9qo	205	41	large	large	JJ
cord-031106-h1h5q9qo	205	42	σ	σ	NNP
cord-031106-h1h5q9qo	205	43	)	)	-RRB-
cord-031106-h1h5q9qo	205	44	.	.	.
cord-031106-h1h5q9qo	206	1	Only	only	RB
cord-031106-h1h5q9qo	206	2	for	for	IN
cord-031106-h1h5q9qo	206	3	the	the	DT
cord-031106-h1h5q9qo	206	4	uniform	uniform	JJ
cord-031106-h1h5q9qo	206	5	distribution	distribution	NN
cord-031106-h1h5q9qo	206	6	does	do	VBZ
cord-031106-h1h5q9qo	206	7	µ	µ	NN
cord-031106-h1h5q9qo	206	8	N	n	NN
cord-031106-h1h5q9qo	206	9	Z	z	NN
cord-031106-h1h5q9qo	206	10	−	−	NNP
cord-031106-h1h5q9qo	207	1	µ	µ	NN
cord-031106-h1h5q9qo	207	2	Z	Z	NNP
cord-031106-h1h5q9qo	207	3	not	not	RB
cord-031106-h1h5q9qo	207	4	vary	vary	VBP
cord-031106-h1h5q9qo	207	5	with	with	IN
cord-031106-h1h5q9qo	207	6	the	the	DT
cord-031106-h1h5q9qo	207	7	share	share	NN
cord-031106-h1h5q9qo	207	8	of	of	IN
cord-031106-h1h5q9qo	207	9	zombies	zombie	NNS
cord-031106-h1h5q9qo	207	10	.	.	.
cord-031106-h1h5q9qo	208	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	208	2	have	have	VBP
cord-031106-h1h5q9qo	208	3	shown	show	VBN
cord-031106-h1h5q9qo	208	4	that	that	IN
cord-031106-h1h5q9qo	208	5	regressions	regression	NNS
cord-031106-h1h5q9qo	208	6	of	of	IN
cord-031106-h1h5q9qo	208	7	the	the	DT
cord-031106-h1h5q9qo	208	8	relative	relative	JJ
cord-031106-h1h5q9qo	208	9	performance	performance	NN
cord-031106-h1h5q9qo	208	10	of	of	IN
cord-031106-h1h5q9qo	208	11	healthy	healthy	JJ
cord-031106-h1h5q9qo	208	12	firms	firm	NNS
cord-031106-h1h5q9qo	208	13	on	on	IN
cord-031106-h1h5q9qo	208	14	the	the	DT
cord-031106-h1h5q9qo	208	15	share	share	NN
cord-031106-h1h5q9qo	208	16	of	of	IN
cord-031106-h1h5q9qo	208	17	zombies	zombie	NNS
cord-031106-h1h5q9qo	208	18	can	can	MD
cord-031106-h1h5q9qo	208	19	give	give	VB
cord-031106-h1h5q9qo	208	20	rise	rise	NN
cord-031106-h1h5q9qo	208	21	to	to	IN
cord-031106-h1h5q9qo	208	22	estimates	estimate	NNS
cord-031106-h1h5q9qo	208	23	of	of	IN
cord-031106-h1h5q9qo	208	24	β	β	NN
cord-031106-h1h5q9qo	208	25	3	3	CD
cord-031106-h1h5q9qo	208	26	different	different	JJ
cord-031106-h1h5q9qo	208	27	from	from	IN
cord-031106-h1h5q9qo	208	28	zero	zero	CD
cord-031106-h1h5q9qo	208	29	even	even	RB
cord-031106-h1h5q9qo	208	30	in	in	IN
cord-031106-h1h5q9qo	208	31	the	the	DT
cord-031106-h1h5q9qo	208	32	absence	absence	NN
cord-031106-h1h5q9qo	208	33	of	of	IN
cord-031106-h1h5q9qo	208	34	any	any	DT
cord-031106-h1h5q9qo	208	35	spillovers	spillover	NNS
cord-031106-h1h5q9qo	208	36	.	.	.
cord-031106-h1h5q9qo	209	1	The	the	DT
cord-031106-h1h5q9qo	209	2	estimated	estimate	VBN
cord-031106-h1h5q9qo	209	3	coefficient	coefficient	NN
cord-031106-h1h5q9qo	209	4	can	can	MD
cord-031106-h1h5q9qo	209	5	be	be	VB
cord-031106-h1h5q9qo	209	6	positive	positive	JJ
cord-031106-h1h5q9qo	209	7	or	or	CC
cord-031106-h1h5q9qo	209	8	negative	negative	JJ
cord-031106-h1h5q9qo	209	9	,	,	,
cord-031106-h1h5q9qo	209	10	depending	depend	VBG
cord-031106-h1h5q9qo	209	11	on	on	IN
cord-031106-h1h5q9qo	209	12	the	the	DT
cord-031106-h1h5q9qo	209	13	shape	shape	NN
cord-031106-h1h5q9qo	209	14	of	of	IN
cord-031106-h1h5q9qo	209	15	the	the	DT
cord-031106-h1h5q9qo	209	16	performance	performance	NN
cord-031106-h1h5q9qo	209	17	distribution	distribution	NN
cord-031106-h1h5q9qo	209	18	.	.	.
cord-031106-h1h5q9qo	210	1	While	while	IN
cord-031106-h1h5q9qo	210	2	this	this	DT
cord-031106-h1h5q9qo	210	3	is	be	VBZ
cord-031106-h1h5q9qo	210	4	enough	enough	JJ
cord-031106-h1h5q9qo	210	5	to	to	TO
cord-031106-h1h5q9qo	210	6	show	show	VB
cord-031106-h1h5q9qo	210	7	that	that	IN
cord-031106-h1h5q9qo	210	8	such	such	JJ
cord-031106-h1h5q9qo	210	9	regressions	regression	NNS
cord-031106-h1h5q9qo	210	10	are	be	VBP
cord-031106-h1h5q9qo	210	11	not	not	RB
cord-031106-h1h5q9qo	210	12	able	able	JJ
cord-031106-h1h5q9qo	210	13	to	to	TO
cord-031106-h1h5q9qo	210	14	identify	identify	VB
cord-031106-h1h5q9qo	210	15	spillovers	spillover	NNS
cord-031106-h1h5q9qo	210	16	,	,	,
cord-031106-h1h5q9qo	210	17	it	-PRON-	PRP
cord-031106-h1h5q9qo	210	18	is	be	VBZ
cord-031106-h1h5q9qo	210	19	interesting	interesting	JJ
cord-031106-h1h5q9qo	210	20	to	to	TO
cord-031106-h1h5q9qo	210	21	discuss	discuss	VB
cord-031106-h1h5q9qo	210	22	the	the	DT
cord-031106-h1h5q9qo	210	23	most	most	RBS
cord-031106-h1h5q9qo	210	24	likely	likely	JJ
cord-031106-h1h5q9qo	210	25	direction	direction	NN
cord-031106-h1h5q9qo	210	26	of	of	IN
cord-031106-h1h5q9qo	210	27	the	the	DT
cord-031106-h1h5q9qo	210	28	bias	bias	NN
cord-031106-h1h5q9qo	210	29	,	,	,
cord-031106-h1h5q9qo	210	30	since	since	IN
cord-031106-h1h5q9qo	210	31	the	the	DT
cord-031106-h1h5q9qo	210	32	literature	literature	NN
cord-031106-h1h5q9qo	210	33	has	have	VBZ
cord-031106-h1h5q9qo	210	34	generally	generally	RB
cord-031106-h1h5q9qo	210	35	estimated	estimate	VBN
cord-031106-h1h5q9qo	210	36	a	a	DT
cord-031106-h1h5q9qo	210	37	negative	negative	JJ
cord-031106-h1h5q9qo	210	38	coefficient	coefficient	NN
cord-031106-h1h5q9qo	210	39	using	use	VBG
cord-031106-h1h5q9qo	210	40	this	this	DT
cord-031106-h1h5q9qo	210	41	methodology	methodology	NN
cord-031106-h1h5q9qo	210	42	.	.	.
cord-031106-h1h5q9qo	211	1	If	if	IN
cord-031106-h1h5q9qo	211	2	the	the	DT
cord-031106-h1h5q9qo	211	3	distribution	distribution	NN
cord-031106-h1h5q9qo	211	4	is	be	VBZ
cord-031106-h1h5q9qo	211	5	such	such	JJ
cord-031106-h1h5q9qo	211	6	that	that	IN
cord-031106-h1h5q9qo	211	7	the	the	DT
cord-031106-h1h5q9qo	211	8	difference	difference	NN
cord-031106-h1h5q9qo	211	9	in	in	IN
cord-031106-h1h5q9qo	211	10	performance	performance	NN
cord-031106-h1h5q9qo	211	11	of	of	IN
cord-031106-h1h5q9qo	211	12	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	211	13	and	and	CC
cord-031106-h1h5q9qo	211	14	zombies	zombie	NNS
cord-031106-h1h5q9qo	211	15	decreases	decrease	VBZ
cord-031106-h1h5q9qo	211	16	with	with	IN
cord-031106-h1h5q9qo	211	17	the	the	DT
cord-031106-h1h5q9qo	211	18	share	share	NN
cord-031106-h1h5q9qo	211	19	of	of	IN
cord-031106-h1h5q9qo	211	20	zombies	zombie	NNS
cord-031106-h1h5q9qo	211	21	,	,	,
cord-031106-h1h5q9qo	211	22	then	then	RB
cord-031106-h1h5q9qo	211	23	the	the	DT
cord-031106-h1h5q9qo	211	24	regression	regression	NN
cord-031106-h1h5q9qo	211	25	results	result	NNS
cord-031106-h1h5q9qo	211	26	would	would	MD
cord-031106-h1h5q9qo	211	27	imply	imply	VB
cord-031106-h1h5q9qo	211	28	negative	negative	JJ
cord-031106-h1h5q9qo	211	29	spillovers	spillover	NNS
cord-031106-h1h5q9qo	211	30	even	even	RB
cord-031106-h1h5q9qo	211	31	when	when	WRB
cord-031106-h1h5q9qo	211	32	there	there	EX
cord-031106-h1h5q9qo	211	33	is	be	VBZ
cord-031106-h1h5q9qo	211	34	none	none	NN
cord-031106-h1h5q9qo	211	35	.	.	.
cord-031106-h1h5q9qo	212	1	When	when	WRB
cord-031106-h1h5q9qo	212	2	the	the	DT
cord-031106-h1h5q9qo	212	3	difference	difference	NN
cord-031106-h1h5q9qo	212	4	in	in	IN
cord-031106-h1h5q9qo	212	5	performance	performance	NN
cord-031106-h1h5q9qo	212	6	increases	increase	NNS
cord-031106-h1h5q9qo	212	7	with	with	IN
cord-031106-h1h5q9qo	212	8	the	the	DT
cord-031106-h1h5q9qo	212	9	share	share	NN
cord-031106-h1h5q9qo	212	10	of	of	IN
cord-031106-h1h5q9qo	212	11	zombies	zombie	NNS
cord-031106-h1h5q9qo	212	12	,	,	,
cord-031106-h1h5q9qo	212	13	on	on	IN
cord-031106-h1h5q9qo	212	14	the	the	DT
cord-031106-h1h5q9qo	212	15	other	other	JJ
cord-031106-h1h5q9qo	212	16	hand	hand	NN
cord-031106-h1h5q9qo	212	17	,	,	,
cord-031106-h1h5q9qo	212	18	the	the	DT
cord-031106-h1h5q9qo	212	19	regression	regression	NN
cord-031106-h1h5q9qo	212	20	coefficient	coefficient	NN
cord-031106-h1h5q9qo	212	21	is	be	VBZ
cord-031106-h1h5q9qo	212	22	biased	bias	VBN
cord-031106-h1h5q9qo	212	23	toward	toward	IN
cord-031106-h1h5q9qo	212	24	zero	zero	CD
cord-031106-h1h5q9qo	212	25	,	,	,
cord-031106-h1h5q9qo	212	26	and	and	CC
cord-031106-h1h5q9qo	212	27	it	-PRON-	PRP
cord-031106-h1h5q9qo	212	28	provides	provide	VBZ
cord-031106-h1h5q9qo	212	29	a	a	DT
cord-031106-h1h5q9qo	212	30	lower	low	JJR
cord-031106-h1h5q9qo	212	31	bound	bind	VBN
cord-031106-h1h5q9qo	212	32	for	for	IN
cord-031106-h1h5q9qo	212	33	the	the	DT
cord-031106-h1h5q9qo	212	34	true	true	JJ
cord-031106-h1h5q9qo	212	35	effect	effect	NN
cord-031106-h1h5q9qo	212	36	.	.	.
cord-031106-h1h5q9qo	213	1	While	while	IN
cord-031106-h1h5q9qo	213	2	it	-PRON-	PRP
cord-031106-h1h5q9qo	213	3	is	be	VBZ
cord-031106-h1h5q9qo	213	4	not	not	RB
cord-031106-h1h5q9qo	213	5	possible	possible	JJ
cord-031106-h1h5q9qo	213	6	to	to	TO
cord-031106-h1h5q9qo	213	7	give	give	VB
cord-031106-h1h5q9qo	213	8	a	a	DT
cord-031106-h1h5q9qo	213	9	general	general	JJ
cord-031106-h1h5q9qo	213	10	answer	answer	NN
cord-031106-h1h5q9qo	213	11	to	to	IN
cord-031106-h1h5q9qo	213	12	the	the	DT
cord-031106-h1h5q9qo	213	13	direction	direction	NN
cord-031106-h1h5q9qo	213	14	of	of	IN
cord-031106-h1h5q9qo	213	15	the	the	DT
cord-031106-h1h5q9qo	213	16	bias	bias	NN
cord-031106-h1h5q9qo	213	17	,	,	,
cord-031106-h1h5q9qo	213	18	we	-PRON-	PRP
cord-031106-h1h5q9qo	213	19	believe	believe	VBP
cord-031106-h1h5q9qo	213	20	that	that	IN
cord-031106-h1h5q9qo	213	21	in	in	IN
cord-031106-h1h5q9qo	213	22	practice	practice	NN
cord-031106-h1h5q9qo	213	23	,	,	,
cord-031106-h1h5q9qo	213	24	the	the	DT
cord-031106-h1h5q9qo	213	25	spurious	spurious	JJ
cord-031106-h1h5q9qo	213	26	negative	negative	JJ
cord-031106-h1h5q9qo	213	27	estimate	estimate	NN
cord-031106-h1h5q9qo	213	28	is	be	VBZ
cord-031106-h1h5q9qo	213	29	the	the	DT
cord-031106-h1h5q9qo	213	30	most	most	RBS
cord-031106-h1h5q9qo	213	31	likely	likely	JJ
cord-031106-h1h5q9qo	213	32	result	result	NN
cord-031106-h1h5q9qo	213	33	for	for	IN
cord-031106-h1h5q9qo	213	34	two	two	CD
cord-031106-h1h5q9qo	213	35	reasons	reason	NNS
cord-031106-h1h5q9qo	213	36	.	.	.
cord-031106-h1h5q9qo	214	1	The	the	DT
cord-031106-h1h5q9qo	214	2	second	second	JJ
cord-031106-h1h5q9qo	214	3	reason	reason	NN
cord-031106-h1h5q9qo	214	4	for	for	IN
cord-031106-h1h5q9qo	214	5	which	which	WDT
cord-031106-h1h5q9qo	214	6	a	a	DT
cord-031106-h1h5q9qo	214	7	spurious	spurious	JJ
cord-031106-h1h5q9qo	214	8	correlation	correlation	NN
cord-031106-h1h5q9qo	214	9	is	be	VBZ
cord-031106-h1h5q9qo	214	10	likely	likely	JJ
cord-031106-h1h5q9qo	214	11	to	to	TO
cord-031106-h1h5q9qo	214	12	emerge	emerge	VB
cord-031106-h1h5q9qo	214	13	is	be	VBZ
cord-031106-h1h5q9qo	214	14	that	that	IN
cord-031106-h1h5q9qo	214	15	there	there	EX
cord-031106-h1h5q9qo	214	16	is	be	VBZ
cord-031106-h1h5q9qo	214	17	another	another	DT
cord-031106-h1h5q9qo	214	18	factor	factor	NN
cord-031106-h1h5q9qo	214	19	that	that	WDT
cord-031106-h1h5q9qo	214	20	might	may	MD
cord-031106-h1h5q9qo	214	21	induce	induce	VB
cord-031106-h1h5q9qo	214	22	a	a	DT
cord-031106-h1h5q9qo	214	23	decrease	decrease	NN
cord-031106-h1h5q9qo	214	24	in	in	IN
cord-031106-h1h5q9qo	214	25	µ	µ	NN
cord-031106-h1h5q9qo	214	26	N	n	NN
cord-031106-h1h5q9qo	214	27	Z	z	NN
cord-031106-h1h5q9qo	214	28	−	−	NN
cord-031106-h1h5q9qo	214	29	µ	µ	NN
cord-031106-h1h5q9qo	214	30	Z	z	NN
cord-031106-h1h5q9qo	214	31	as	as	IN
cord-031106-h1h5q9qo	214	32	the	the	DT
cord-031106-h1h5q9qo	214	33	distribution	distribution	NN
cord-031106-h1h5q9qo	214	34	shifts	shift	NNS
cord-031106-h1h5q9qo	214	35	to	to	IN
cord-031106-h1h5q9qo	214	36	the	the	DT
cord-031106-h1h5q9qo	214	37	left	left	NN
cord-031106-h1h5q9qo	214	38	.	.	.
cord-031106-h1h5q9qo	215	1	Very	very	RB
cord-031106-h1h5q9qo	215	2	low	low	JJ
cord-031106-h1h5q9qo	215	3	-	-	HYPH
cord-031106-h1h5q9qo	215	4	quality	quality	NN
cord-031106-h1h5q9qo	215	5	firms	firm	NNS
cord-031106-h1h5q9qo	215	6	could	could	MD
cord-031106-h1h5q9qo	215	7	exit	exit	VB
cord-031106-h1h5q9qo	215	8	the	the	DT
cord-031106-h1h5q9qo	215	9	market	market	NN
cord-031106-h1h5q9qo	215	10	,	,	,
cord-031106-h1h5q9qo	215	11	which	which	WDT
cord-031106-h1h5q9qo	215	12	would	would	MD
cord-031106-h1h5q9qo	215	13	limit	limit	VB
cord-031106-h1h5q9qo	215	14	the	the	DT
cord-031106-h1h5q9qo	215	15	drop	drop	NN
cord-031106-h1h5q9qo	215	16	in	in	IN
cord-031106-h1h5q9qo	215	17	Figure	figure	NN
cord-031106-h1h5q9qo	215	18	5	5	CD
cord-031106-h1h5q9qo	215	19	:	:	:
cord-031106-h1h5q9qo	216	1	The	the	DT
cord-031106-h1h5q9qo	216	2	effect	effect	NN
cord-031106-h1h5q9qo	216	3	of	of	IN
cord-031106-h1h5q9qo	216	4	a	a	DT
cord-031106-h1h5q9qo	216	5	common	common	JJ
cord-031106-h1h5q9qo	216	6	shock	shock	NN
cord-031106-h1h5q9qo	216	7	on	on	IN
cord-031106-h1h5q9qo	216	8	zombies	zombie	NNS
cord-031106-h1h5q9qo	216	9	and	and	CC
cord-031106-h1h5q9qo	216	10	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	217	1	The	the	DT
cord-031106-h1h5q9qo	217	2	figure	figure	NN
cord-031106-h1h5q9qo	217	3	plots	plot	VBZ
cord-031106-h1h5q9qo	217	4	two	two	CD
cord-031106-h1h5q9qo	217	5	normal	normal	JJ
cord-031106-h1h5q9qo	217	6	distributions	distribution	NNS
cord-031106-h1h5q9qo	217	7	with	with	IN
cord-031106-h1h5q9qo	217	8	unit	unit	NN
cord-031106-h1h5q9qo	217	9	variance	variance	NN
cord-031106-h1h5q9qo	217	10	and	and	CC
cord-031106-h1h5q9qo	217	11	mean	mean	VB
cord-031106-h1h5q9qo	217	12	µ	µ	NN
cord-031106-h1h5q9qo	217	13	L	l	NN
cord-031106-h1h5q9qo	217	14	=	=	NN
cord-031106-h1h5q9qo	217	15	4	4	CD
cord-031106-h1h5q9qo	217	16	and	and	CC
cord-031106-h1h5q9qo	217	17	µ	µ	NN
cord-031106-h1h5q9qo	217	18	H	h	NN
cord-031106-h1h5q9qo	217	19	=	=	SYM
cord-031106-h1h5q9qo	217	20	5	5	CD
cord-031106-h1h5q9qo	217	21	,	,	,
cord-031106-h1h5q9qo	217	22	respectively	respectively	RB
cord-031106-h1h5q9qo	217	23	.	.	.
cord-031106-h1h5q9qo	218	1	T	T	NNP
cord-031106-h1h5q9qo	218	2	Z	Z	NNP
cord-031106-h1h5q9qo	218	3	is	be	VBZ
cord-031106-h1h5q9qo	218	4	the	the	DT
cord-031106-h1h5q9qo	218	5	threshold	threshold	NN
cord-031106-h1h5q9qo	218	6	to	to	TO
cord-031106-h1h5q9qo	218	7	be	be	VB
cord-031106-h1h5q9qo	218	8	classified	classify	VBN
cord-031106-h1h5q9qo	218	9	as	as	IN
cord-031106-h1h5q9qo	218	10	a	a	DT
cord-031106-h1h5q9qo	218	11	zombie	zombie	NN
cord-031106-h1h5q9qo	218	12	,	,	,
cord-031106-h1h5q9qo	218	13	and	and	CC
cord-031106-h1h5q9qo	218	14	T	T	NNP
cord-031106-h1h5q9qo	218	15	D	d	NN
cord-031106-h1h5q9qo	218	16	is	be	VBZ
cord-031106-h1h5q9qo	218	17	the	the	DT
cord-031106-h1h5q9qo	218	18	threshold	threshold	NN
cord-031106-h1h5q9qo	218	19	for	for	IN
cord-031106-h1h5q9qo	218	20	exit	exit	NN
cord-031106-h1h5q9qo	218	21	.	.	.
cord-031106-h1h5q9qo	219	1	performance	performance	NN
cord-031106-h1h5q9qo	219	2	of	of	IN
cord-031106-h1h5q9qo	219	3	(	(	-LRB-
cord-031106-h1h5q9qo	219	4	surviving	survive	VBG
cord-031106-h1h5q9qo	219	5	)	)	-RRB-
cord-031106-h1h5q9qo	219	6	zombies	zombie	NNS
cord-031106-h1h5q9qo	219	7	(	(	-LRB-
cord-031106-h1h5q9qo	219	8	and	and	CC
cord-031106-h1h5q9qo	219	9	hence	hence	RB
cord-031106-h1h5q9qo	219	10	the	the	DT
cord-031106-h1h5q9qo	219	11	drop	drop	NN
cord-031106-h1h5q9qo	219	12	in	in	IN
cord-031106-h1h5q9qo	219	13	µ	µ	NN
cord-031106-h1h5q9qo	219	14	Z	z	NN
cord-031106-h1h5q9qo	219	15	(	(	-LRB-
cord-031106-h1h5q9qo	219	16	s	s	NN
cord-031106-h1h5q9qo	219	17	)	)	-RRB-
cord-031106-h1h5q9qo	219	18	)	)	-RRB-
cord-031106-h1h5q9qo	219	19	when	when	WRB
cord-031106-h1h5q9qo	219	20	shocks	shock	NNS
cord-031106-h1h5q9qo	219	21	hit	hit	VBD
cord-031106-h1h5q9qo	219	22	.	.	.
cord-031106-h1h5q9qo	220	1	This	this	DT
cord-031106-h1h5q9qo	220	2	can	can	MD
cord-031106-h1h5q9qo	220	3	be	be	VB
cord-031106-h1h5q9qo	220	4	seen	see	VBN
cord-031106-h1h5q9qo	220	5	again	again	RB
cord-031106-h1h5q9qo	220	6	in	in	IN
cord-031106-h1h5q9qo	220	7	Figure	figure	NN
cord-031106-h1h5q9qo	220	8	5	5	CD
cord-031106-h1h5q9qo	220	9	,	,	,
cord-031106-h1h5q9qo	220	10	where	where	WRB
cord-031106-h1h5q9qo	220	11	we	-PRON-	PRP
cord-031106-h1h5q9qo	220	12	also	also	RB
cord-031106-h1h5q9qo	220	13	added	add	VBD
cord-031106-h1h5q9qo	220	14	an	an	DT
cord-031106-h1h5q9qo	220	15	exit	exit	NN
cord-031106-h1h5q9qo	220	16	threshold	threshold	NN
cord-031106-h1h5q9qo	220	17	T	t	NN
cord-031106-h1h5q9qo	220	18	D	d	NN
cord-031106-h1h5q9qo	220	19	.	.	.
cord-031106-h1h5q9qo	221	1	When	when	WRB
cord-031106-h1h5q9qo	221	2	we	-PRON-	PRP
cord-031106-h1h5q9qo	221	3	shift	shift	VBP
cord-031106-h1h5q9qo	221	4	the	the	DT
cord-031106-h1h5q9qo	221	5	distribution	distribution	NN
cord-031106-h1h5q9qo	221	6	to	to	IN
cord-031106-h1h5q9qo	221	7	the	the	DT
cord-031106-h1h5q9qo	221	8	left	left	NN
cord-031106-h1h5q9qo	221	9	,	,	,
cord-031106-h1h5q9qo	221	10	the	the	DT
cord-031106-h1h5q9qo	221	11	drop	drop	NN
cord-031106-h1h5q9qo	221	12	in	in	IN
cord-031106-h1h5q9qo	221	13	the	the	DT
cord-031106-h1h5q9qo	221	14	average	average	JJ
cord-031106-h1h5q9qo	221	15	quality	quality	NN
cord-031106-h1h5q9qo	221	16	of	of	IN
cord-031106-h1h5q9qo	221	17	zombies	zombie	NNS
cord-031106-h1h5q9qo	221	18	is	be	VBZ
cord-031106-h1h5q9qo	221	19	reduced	reduce	VBN
cord-031106-h1h5q9qo	221	20	by	by	IN
cord-031106-h1h5q9qo	221	21	the	the	DT
cord-031106-h1h5q9qo	221	22	fact	fact	NN
cord-031106-h1h5q9qo	221	23	that	that	IN
cord-031106-h1h5q9qo	221	24	extremely	extremely	RB
cord-031106-h1h5q9qo	221	25	low	low	JJ
cord-031106-h1h5q9qo	221	26	-	-	HYPH
cord-031106-h1h5q9qo	221	27	quality	quality	NN
cord-031106-h1h5q9qo	221	28	zombies	zombie	NNS
cord-031106-h1h5q9qo	221	29	drop	drop	VBP
cord-031106-h1h5q9qo	221	30	out	out	IN
cord-031106-h1h5q9qo	221	31	of	of	IN
cord-031106-h1h5q9qo	221	32	the	the	DT
cord-031106-h1h5q9qo	221	33	market	market	NN
cord-031106-h1h5q9qo	221	34	.	.	.
cord-031106-h1h5q9qo	222	1	At	at	IN
cord-031106-h1h5q9qo	222	2	the	the	DT
cord-031106-h1h5q9qo	222	3	same	same	JJ
cord-031106-h1h5q9qo	222	4	time	time	NN
cord-031106-h1h5q9qo	222	5	,	,	,
cord-031106-h1h5q9qo	222	6	as	as	RB
cord-031106-h1h5q9qo	222	7	long	long	RB
cord-031106-h1h5q9qo	222	8	as	as	IN
cord-031106-h1h5q9qo	222	9	the	the	DT
cord-031106-h1h5q9qo	222	10	density	density	NN
cord-031106-h1h5q9qo	222	11	is	be	VBZ
cord-031106-h1h5q9qo	222	12	higher	high	JJR
cord-031106-h1h5q9qo	222	13	at	at	IN
cord-031106-h1h5q9qo	222	14	the	the	DT
cord-031106-h1h5q9qo	222	15	zombie	zombie	NN
cord-031106-h1h5q9qo	222	16	threshold	threshold	NN
cord-031106-h1h5q9qo	222	17	T	T	NNP
cord-031106-h1h5q9qo	222	18	Z	Z	NNP
cord-031106-h1h5q9qo	222	19	than	than	IN
cord-031106-h1h5q9qo	222	20	at	at	IN
cord-031106-h1h5q9qo	222	21	the	the	DT
cord-031106-h1h5q9qo	222	22	exit	exit	NN
cord-031106-h1h5q9qo	222	23	threshold	threshold	NN
cord-031106-h1h5q9qo	222	24	T	T	NNP
cord-031106-h1h5q9qo	222	25	D	d	NN
cord-031106-h1h5q9qo	222	26	,	,	,
cord-031106-h1h5q9qo	222	27	we	-PRON-	PRP
cord-031106-h1h5q9qo	222	28	still	still	RB
cord-031106-h1h5q9qo	222	29	obtain	obtain	VBP
cord-031106-h1h5q9qo	222	30	that	that	IN
cord-031106-h1h5q9qo	222	31	a	a	DT
cord-031106-h1h5q9qo	222	32	leftward	leftward	JJ
cord-031106-h1h5q9qo	222	33	shift	shift	NN
cord-031106-h1h5q9qo	222	34	in	in	IN
cord-031106-h1h5q9qo	222	35	the	the	DT
cord-031106-h1h5q9qo	222	36	distribution	distribution	NN
cord-031106-h1h5q9qo	222	37	increases	increase	VBZ
cord-031106-h1h5q9qo	222	38	the	the	DT
cord-031106-h1h5q9qo	222	39	mass	mass	NN
cord-031106-h1h5q9qo	222	40	of	of	IN
cord-031106-h1h5q9qo	222	41	zombies	zombie	NNS
cord-031106-h1h5q9qo	222	42	.	.	.
cord-031106-h1h5q9qo	223	1	The	the	DT
cord-031106-h1h5q9qo	223	2	identification	identification	NN
cord-031106-h1h5q9qo	223	3	issue	issue	NN
cord-031106-h1h5q9qo	223	4	illustrated	illustrate	VBN
cord-031106-h1h5q9qo	223	5	above	above	RB
cord-031106-h1h5q9qo	223	6	can	can	MD
cord-031106-h1h5q9qo	223	7	be	be	VB
cord-031106-h1h5q9qo	223	8	restated	restate	VBN
cord-031106-h1h5q9qo	223	9	in	in	IN
cord-031106-h1h5q9qo	223	10	standard	standard	JJ
cord-031106-h1h5q9qo	223	11	econometric	econometric	JJ
cord-031106-h1h5q9qo	223	12	language	language	NN
cord-031106-h1h5q9qo	223	13	by	by	IN
cord-031106-h1h5q9qo	223	14	saying	say	VBG
cord-031106-h1h5q9qo	223	15	the	the	DT
cord-031106-h1h5q9qo	223	16	error	error	NN
cord-031106-h1h5q9qo	223	17	term	term	NN
cord-031106-h1h5q9qo	223	18	w	w	NNP
cord-031106-h1h5q9qo	223	19	ijt	ijt	NN
cord-031106-h1h5q9qo	223	20	in	in	IN
cord-031106-h1h5q9qo	223	21	Equation	Equation	NNP
cord-031106-h1h5q9qo	223	22	(	(	-LRB-
cord-031106-h1h5q9qo	223	23	4	4	CD
cord-031106-h1h5q9qo	223	24	)	)	-RRB-
cord-031106-h1h5q9qo	223	25	can	can	MD
cord-031106-h1h5q9qo	223	26	be	be	VB
cord-031106-h1h5q9qo	223	27	correlated	correlate	VBN
cord-031106-h1h5q9qo	223	28	with	with	IN
cord-031106-h1h5q9qo	223	29	D	D	NNP
cord-031106-h1h5q9qo	223	30	N	n	NN
cord-031106-h1h5q9qo	223	31	Z	Z	NNP
cord-031106-h1h5q9qo	223	32	ijt	ijt	NN
cord-031106-h1h5q9qo	223	33	*	*	NN
cord-031106-h1h5q9qo	223	34	Z	Z	NNP
cord-031106-h1h5q9qo	223	35	jt	jt	NNP
cord-031106-h1h5q9qo	223	36	,	,	,
cord-031106-h1h5q9qo	223	37	despite	despite	IN
cord-031106-h1h5q9qo	223	38	sector	sector	NN
cord-031106-h1h5q9qo	223	39	-	-	HYPH
cord-031106-h1h5q9qo	223	40	year	year	NN
cord-031106-h1h5q9qo	223	41	dummies	dummy	NNS
cord-031106-h1h5q9qo	223	42	.	.	.
cord-031106-h1h5q9qo	224	1	This	this	DT
cord-031106-h1h5q9qo	224	2	formulation	formulation	NN
cord-031106-h1h5q9qo	224	3	clarifies	clarify	VBZ
cord-031106-h1h5q9qo	224	4	that	that	IN
cord-031106-h1h5q9qo	224	5	,	,	,
cord-031106-h1h5q9qo	224	6	as	as	IN
cord-031106-h1h5q9qo	224	7	usual	usual	JJ
cord-031106-h1h5q9qo	224	8	,	,	,
cord-031106-h1h5q9qo	224	9	the	the	DT
cord-031106-h1h5q9qo	224	10	causal	causal	JJ
cord-031106-h1h5q9qo	224	11	interpretation	interpretation	NN
cord-031106-h1h5q9qo	224	12	of	of	IN
cord-031106-h1h5q9qo	224	13	the	the	DT
cord-031106-h1h5q9qo	224	14	β	β	NN
cord-031106-h1h5q9qo	224	15	3	3	CD
cord-031106-h1h5q9qo	224	16	coefficient	coefficient	NN
cord-031106-h1h5q9qo	224	17	requires	require	VBZ
cord-031106-h1h5q9qo	224	18	some	some	DT
cord-031106-h1h5q9qo	224	19	exogenous	exogenous	JJ
cord-031106-h1h5q9qo	224	20	variation	variation	NN
cord-031106-h1h5q9qo	224	21	in	in	IN
cord-031106-h1h5q9qo	224	22	the	the	DT
cord-031106-h1h5q9qo	224	23	share	share	NN
cord-031106-h1h5q9qo	224	24	of	of	IN
cord-031106-h1h5q9qo	224	25	zombies	zombie	NNS
cord-031106-h1h5q9qo	224	26	with	with	IN
cord-031106-h1h5q9qo	224	27	respect	respect	NN
cord-031106-h1h5q9qo	224	28	to	to	IN
cord-031106-h1h5q9qo	224	29	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	224	30	performance	performance	NN
cord-031106-h1h5q9qo	224	31	shocks	shock	NNS
cord-031106-h1h5q9qo	224	32	.	.	.
cord-031106-h1h5q9qo	225	1	The	the	DT
cord-031106-h1h5q9qo	225	2	literature	literature	NN
cord-031106-h1h5q9qo	225	3	implicitly	implicitly	RB
cord-031106-h1h5q9qo	225	4	assumes	assume	VBZ
cord-031106-h1h5q9qo	225	5	that	that	IN
cord-031106-h1h5q9qo	225	6	such	such	JJ
cord-031106-h1h5q9qo	225	7	variability	variability	NN
cord-031106-h1h5q9qo	225	8	comes	come	VBZ
cord-031106-h1h5q9qo	225	9	from	from	IN
cord-031106-h1h5q9qo	225	10	banks	bank	NNS
cord-031106-h1h5q9qo	225	11	behavior	behavior	NN
cord-031106-h1h5q9qo	225	12	,	,	,
cord-031106-h1h5q9qo	225	13	as	as	IN
cord-031106-h1h5q9qo	225	14	banks	bank	NNS
cord-031106-h1h5q9qo	225	15	increase	increase	VBP
cord-031106-h1h5q9qo	225	16	the	the	DT
cord-031106-h1h5q9qo	225	17	share	share	NN
cord-031106-h1h5q9qo	225	18	of	of	IN
cord-031106-h1h5q9qo	225	19	zombies	zombie	NNS
cord-031106-h1h5q9qo	225	20	by	by	IN
cord-031106-h1h5q9qo	225	21	engaging	engage	VBG
cord-031106-h1h5q9qo	225	22	in	in	IN
cord-031106-h1h5q9qo	225	23	zombie	zombie	NN
cord-031106-h1h5q9qo	225	24	lending	lending	NN
cord-031106-h1h5q9qo	225	25	.	.	.
cord-031106-h1h5q9qo	226	1	However	however	RB
cord-031106-h1h5q9qo	226	2	,	,	,
cord-031106-h1h5q9qo	226	3	possibly	possibly	RB
cord-031106-h1h5q9qo	226	4	because	because	IN
cord-031106-h1h5q9qo	226	5	this	this	DT
cord-031106-h1h5q9qo	226	6	subtle	subtle	JJ
cord-031106-h1h5q9qo	226	7	identification	identification	NN
cord-031106-h1h5q9qo	226	8	problem	problem	NN
cord-031106-h1h5q9qo	226	9	is	be	VBZ
cord-031106-h1h5q9qo	226	10	not	not	RB
cord-031106-h1h5q9qo	226	11	fully	fully	RB
cord-031106-h1h5q9qo	226	12	understood	understand	VBN
cord-031106-h1h5q9qo	226	13	,	,	,
cord-031106-h1h5q9qo	226	14	given	give	VBN
cord-031106-h1h5q9qo	226	15	that	that	IN
cord-031106-h1h5q9qo	226	16	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	226	17	shocks	shock	NNS
cord-031106-h1h5q9qo	226	18	are	be	VBP
cord-031106-h1h5q9qo	226	19	controlled	control	VBN
cord-031106-h1h5q9qo	226	20	for	for	IN
cord-031106-h1h5q9qo	226	21	by	by	IN
cord-031106-h1h5q9qo	226	22	time	time	NN
cord-031106-h1h5q9qo	226	23	-	-	HYPH
cord-031106-h1h5q9qo	226	24	sector	sector	NN
cord-031106-h1h5q9qo	226	25	effects	effect	NNS
cord-031106-h1h5q9qo	226	26	,	,	,
cord-031106-h1h5q9qo	226	27	almost	almost	RB
cord-031106-h1h5q9qo	226	28	no	no	DT
cord-031106-h1h5q9qo	226	29	paper	paper	NN
cord-031106-h1h5q9qo	226	30	takes	take	VBZ
cord-031106-h1h5q9qo	226	31	the	the	DT
cord-031106-h1h5q9qo	226	32	standard	standard	JJ
cord-031106-h1h5q9qo	226	33	approach	approach	NN
cord-031106-h1h5q9qo	226	34	of	of	IN
cord-031106-h1h5q9qo	226	35	finding	find	VBG
cord-031106-h1h5q9qo	226	36	an	an	DT
cord-031106-h1h5q9qo	226	37	instrument	instrument	NN
cord-031106-h1h5q9qo	226	38	.	.	.
cord-031106-h1h5q9qo	227	1	9	9	CD
cord-031106-h1h5q9qo	228	1	Rather	rather	RB
cord-031106-h1h5q9qo	228	2	,	,	,
cord-031106-h1h5q9qo	228	3	bank	bank	NN
cord-031106-h1h5q9qo	228	4	behavior	behavior	NN
cord-031106-h1h5q9qo	228	5	is	be	VBZ
cord-031106-h1h5q9qo	228	6	9	9	CD
cord-031106-h1h5q9qo	229	1	The	the	DT
cord-031106-h1h5q9qo	229	2	only	only	JJ
cord-031106-h1h5q9qo	229	3	exceptions	exception	NNS
cord-031106-h1h5q9qo	229	4	we	-PRON-	PRP
cord-031106-h1h5q9qo	229	5	are	be	VBP
cord-031106-h1h5q9qo	229	6	aware	aware	JJ
cord-031106-h1h5q9qo	229	7	of	of	IN
cord-031106-h1h5q9qo	229	8	is	be	VBZ
cord-031106-h1h5q9qo	229	9	Blattner	Blattner	NNP
cord-031106-h1h5q9qo	229	10	et	et	NNP
cord-031106-h1h5q9qo	229	11	al	al	NNP
cord-031106-h1h5q9qo	229	12	.	.	.
cord-031106-h1h5q9qo	230	1	(	(	-LRB-
cord-031106-h1h5q9qo	230	2	2018	2018	CD
cord-031106-h1h5q9qo	230	3	)	)	-RRB-
cord-031106-h1h5q9qo	230	4	,	,	,
cord-031106-h1h5q9qo	230	5	who	who	WP
cord-031106-h1h5q9qo	230	6	uses	use	VBZ
cord-031106-h1h5q9qo	230	7	the	the	DT
cord-031106-h1h5q9qo	230	8	industry	industry	NN
cord-031106-h1h5q9qo	230	9	exposure	exposure	NN
cord-031106-h1h5q9qo	230	10	to	to	IN
cord-031106-h1h5q9qo	230	11	a	a	DT
cord-031106-h1h5q9qo	230	12	regulatory	regulatory	JJ
cord-031106-h1h5q9qo	230	13	shock	shock	NN
cord-031106-h1h5q9qo	230	14	imposed	impose	VBN
cord-031106-h1h5q9qo	230	15	by	by	IN
cord-031106-h1h5q9qo	230	16	the	the	DT
cord-031106-h1h5q9qo	230	17	European	European	NNP
cord-031106-h1h5q9qo	230	18	Banking	Banking	NNP
cord-031106-h1h5q9qo	230	19	Authority	Authority	NNP
cord-031106-h1h5q9qo	230	20	,	,	,
cord-031106-h1h5q9qo	230	21	and	and	CC
cord-031106-h1h5q9qo	230	22	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	230	23	et	et	NNP
cord-031106-h1h5q9qo	230	24	al	al	NNP
cord-031106-h1h5q9qo	230	25	.	.	.
cord-031106-h1h5q9qo	231	1	(	(	-LRB-
cord-031106-h1h5q9qo	231	2	2020	2020	CD
cord-031106-h1h5q9qo	231	3	)	)	-RRB-
cord-031106-h1h5q9qo	231	4	,	,	,
cord-031106-h1h5q9qo	231	5	who	who	WP
cord-031106-h1h5q9qo	231	6	uses	use	VBZ
cord-031106-h1h5q9qo	231	7	the	the	DT
cord-031106-h1h5q9qo	231	8	incorporated	incorporate	VBN
cord-031106-h1h5q9qo	231	9	in	in	IN
cord-031106-h1h5q9qo	231	10	the	the	DT
cord-031106-h1h5q9qo	231	11	definitions	definition	NNS
cord-031106-h1h5q9qo	231	12	of	of	IN
cord-031106-h1h5q9qo	231	13	zombies	zombie	NNS
cord-031106-h1h5q9qo	231	14	.	.	.
cord-031106-h1h5q9qo	232	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	232	2	is	be	VBZ
cord-031106-h1h5q9qo	232	3	therefore	therefore	RB
cord-031106-h1h5q9qo	232	4	useful	useful	JJ
cord-031106-h1h5q9qo	232	5	to	to	TO
cord-031106-h1h5q9qo	232	6	discuss	discuss	VB
cord-031106-h1h5q9qo	232	7	these	these	DT
cord-031106-h1h5q9qo	232	8	definitions	definition	NNS
cord-031106-h1h5q9qo	232	9	in	in	IN
cord-031106-h1h5q9qo	232	10	some	some	DT
cord-031106-h1h5q9qo	232	11	detail	detail	NN
cord-031106-h1h5q9qo	232	12	to	to	TO
cord-031106-h1h5q9qo	232	13	assess	assess	VB
cord-031106-h1h5q9qo	232	14	if	if	IN
cord-031106-h1h5q9qo	232	15	they	-PRON-	PRP
cord-031106-h1h5q9qo	232	16	are	be	VBP
cord-031106-h1h5q9qo	232	17	likely	likely	JJ
cord-031106-h1h5q9qo	232	18	to	to	TO
cord-031106-h1h5q9qo	232	19	satisfy	satisfy	VB
cord-031106-h1h5q9qo	232	20	the	the	DT
cord-031106-h1h5q9qo	232	21	exogeneity	exogeneity	NN
cord-031106-h1h5q9qo	232	22	requirement	requirement	NN
cord-031106-h1h5q9qo	232	23	.	.	.
cord-031106-h1h5q9qo	233	1	In	in	IN
cord-031106-h1h5q9qo	233	2	the	the	DT
cord-031106-h1h5q9qo	233	3	seminal	seminal	JJ
cord-031106-h1h5q9qo	233	4	work	work	NN
cord-031106-h1h5q9qo	233	5	of	of	IN
cord-031106-h1h5q9qo	233	6	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	233	7	et	et	NNP
cord-031106-h1h5q9qo	233	8	al	al	NNP
cord-031106-h1h5q9qo	233	9	.	.	.
cord-031106-h1h5q9qo	234	1	(	(	-LRB-
cord-031106-h1h5q9qo	234	2	2008	2008	CD
cord-031106-h1h5q9qo	234	3	)	)	-RRB-
cord-031106-h1h5q9qo	234	4	,	,	,
cord-031106-h1h5q9qo	234	5	zombie	zombie	NN
cord-031106-h1h5q9qo	234	6	firms	firm	NNS
cord-031106-h1h5q9qo	234	7	are	be	VBP
cord-031106-h1h5q9qo	234	8	defined	define	VBN
cord-031106-h1h5q9qo	234	9	as	as	IN
cord-031106-h1h5q9qo	234	10	firms	firm	NNS
cord-031106-h1h5q9qo	234	11	that	that	WDT
cord-031106-h1h5q9qo	234	12	receive	receive	VBP
cord-031106-h1h5q9qo	234	13	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	234	14	credit	credit	NN
cord-031106-h1h5q9qo	234	15	,	,	,
cord-031106-h1h5q9qo	234	16	that	that	RB
cord-031106-h1h5q9qo	234	17	is	is	RB
cord-031106-h1h5q9qo	234	18	,	,	,
cord-031106-h1h5q9qo	234	19	for	for	IN
cord-031106-h1h5q9qo	234	20	which	which	WDT
cord-031106-h1h5q9qo	234	21	the	the	DT
cord-031106-h1h5q9qo	234	22	interest	interest	NN
cord-031106-h1h5q9qo	234	23	payments	payment	NNS
cord-031106-h1h5q9qo	234	24	over	over	IN
cord-031106-h1h5q9qo	234	25	outstanding	outstanding	JJ
cord-031106-h1h5q9qo	234	26	debt	debt	NN
cord-031106-h1h5q9qo	234	27	(	(	-LRB-
cord-031106-h1h5q9qo	234	28	a	a	DT
cord-031106-h1h5q9qo	234	29	measure	measure	NN
cord-031106-h1h5q9qo	234	30	of	of	IN
cord-031106-h1h5q9qo	234	31	average	average	JJ
cord-031106-h1h5q9qo	234	32	interest	interest	NN
cord-031106-h1h5q9qo	234	33	rate	rate	NN
cord-031106-h1h5q9qo	234	34	)	)	-RRB-
cord-031106-h1h5q9qo	234	35	are	be	VBP
cord-031106-h1h5q9qo	234	36	below	below	IN
cord-031106-h1h5q9qo	234	37	the	the	DT
cord-031106-h1h5q9qo	234	38	prime	prime	JJ
cord-031106-h1h5q9qo	234	39	rate	rate	NN
cord-031106-h1h5q9qo	234	40	,	,	,
cord-031106-h1h5q9qo	234	41	which	which	WDT
cord-031106-h1h5q9qo	234	42	is	be	VBZ
cord-031106-h1h5q9qo	234	43	measured	measure	VBN
cord-031106-h1h5q9qo	234	44	by	by	IN
cord-031106-h1h5q9qo	234	45	the	the	DT
cord-031106-h1h5q9qo	234	46	average	average	JJ
cord-031106-h1h5q9qo	234	47	rate	rate	NN
cord-031106-h1h5q9qo	234	48	charged	charge	VBN
cord-031106-h1h5q9qo	234	49	to	to	IN
cord-031106-h1h5q9qo	234	50	high	high	JJ
cord-031106-h1h5q9qo	234	51	-	-	HYPH
cord-031106-h1h5q9qo	234	52	quality	quality	NN
cord-031106-h1h5q9qo	234	53	borrowers	borrower	NNS
cord-031106-h1h5q9qo	234	54	.	.	.
cord-031106-h1h5q9qo	235	1	If	if	IN
cord-031106-h1h5q9qo	235	2	one	one	PRP
cord-031106-h1h5q9qo	235	3	believes	believe	VBZ
cord-031106-h1h5q9qo	235	4	that	that	IN
cord-031106-h1h5q9qo	235	5	the	the	DT
cord-031106-h1h5q9qo	235	6	number	number	NN
cord-031106-h1h5q9qo	235	7	of	of	IN
cord-031106-h1h5q9qo	235	8	zombies	zombie	NNS
cord-031106-h1h5q9qo	235	9	allowed	allow	VBN
cord-031106-h1h5q9qo	235	10	to	to	TO
cord-031106-h1h5q9qo	235	11	survive	survive	VB
cord-031106-h1h5q9qo	235	12	varies	varie	NNS
cord-031106-h1h5q9qo	235	13	as	as	IN
cord-031106-h1h5q9qo	235	14	a	a	DT
cord-031106-h1h5q9qo	235	15	result	result	NN
cord-031106-h1h5q9qo	235	16	of	of	IN
cord-031106-h1h5q9qo	235	17	a	a	DT
cord-031106-h1h5q9qo	235	18	change	change	NN
cord-031106-h1h5q9qo	235	19	in	in	IN
cord-031106-h1h5q9qo	235	20	lending	lend	VBG
cord-031106-h1h5q9qo	235	21	policies	policy	NNS
cord-031106-h1h5q9qo	235	22	by	by	IN
cord-031106-h1h5q9qo	235	23	banks	bank	NNS
cord-031106-h1h5q9qo	235	24	and	and	CC
cord-031106-h1h5q9qo	235	25	that	that	IN
cord-031106-h1h5q9qo	235	26	such	such	PDT
cord-031106-h1h5q9qo	235	27	a	a	DT
cord-031106-h1h5q9qo	235	28	change	change	NN
cord-031106-h1h5q9qo	235	29	is	be	VBZ
cord-031106-h1h5q9qo	235	30	uncorrelated	uncorrelated	JJ
cord-031106-h1h5q9qo	235	31	with	with	IN
cord-031106-h1h5q9qo	235	32	shocks	shock	NNS
cord-031106-h1h5q9qo	235	33	to	to	IN
cord-031106-h1h5q9qo	235	34	the	the	DT
cord-031106-h1h5q9qo	235	35	economywide	economywide	JJ
cord-031106-h1h5q9qo	235	36	distribution	distribution	NN
cord-031106-h1h5q9qo	235	37	of	of	IN
cord-031106-h1h5q9qo	235	38	firm	firm	JJ
cord-031106-h1h5q9qo	235	39	performance	performance	NN
cord-031106-h1h5q9qo	235	40	,	,	,
cord-031106-h1h5q9qo	235	41	then	then	RB
cord-031106-h1h5q9qo	235	42	our	-PRON-	PRP$
cord-031106-h1h5q9qo	235	43	critique	critique	NN
cord-031106-h1h5q9qo	235	44	would	would	MD
cord-031106-h1h5q9qo	235	45	not	not	RB
cord-031106-h1h5q9qo	235	46	apply	apply	VB
cord-031106-h1h5q9qo	235	47	.	.	.
cord-031106-h1h5q9qo	236	1	Yet	yet	RB
cord-031106-h1h5q9qo	236	2	,	,	,
cord-031106-h1h5q9qo	236	3	such	such	PDT
cord-031106-h1h5q9qo	236	4	an	an	DT
cord-031106-h1h5q9qo	236	5	assumption	assumption	NN
cord-031106-h1h5q9qo	236	6	is	be	VBZ
cord-031106-h1h5q9qo	236	7	fragile	fragile	JJ
cord-031106-h1h5q9qo	236	8	since	since	IN
cord-031106-h1h5q9qo	236	9	banks	bank	NNS
cord-031106-h1h5q9qo	236	10	'	'	POS
cord-031106-h1h5q9qo	236	11	incentives	incentive	NNS
cord-031106-h1h5q9qo	236	12	to	to	TO
cord-031106-h1h5q9qo	236	13	subsidize	subsidize	VB
cord-031106-h1h5q9qo	236	14	firms	firm	NNS
cord-031106-h1h5q9qo	236	15	are	be	VBP
cord-031106-h1h5q9qo	236	16	stronger	strong	JJR
cord-031106-h1h5q9qo	236	17	when	when	WRB
cord-031106-h1h5q9qo	236	18	banks	bank	NNS
cord-031106-h1h5q9qo	236	19	themselves	-PRON-	PRP
cord-031106-h1h5q9qo	236	20	are	be	VBP
cord-031106-h1h5q9qo	236	21	more	more	JJR
cord-031106-h1h5q9qo	236	22	at	at	IN
cord-031106-h1h5q9qo	236	23	risk	risk	NN
cord-031106-h1h5q9qo	236	24	of	of	IN
cord-031106-h1h5q9qo	236	25	defaulting	default	VBG
cord-031106-h1h5q9qo	236	26	.	.	.
cord-031106-h1h5q9qo	237	1	Moreover	moreover	RB
cord-031106-h1h5q9qo	237	2	,	,	,
cord-031106-h1h5q9qo	237	3	a	a	DT
cord-031106-h1h5q9qo	237	4	negative	negative	JJ
cord-031106-h1h5q9qo	237	5	aggregate	aggregate	JJ
cord-031106-h1h5q9qo	237	6	shock	shock	NN
cord-031106-h1h5q9qo	237	7	to	to	IN
cord-031106-h1h5q9qo	237	8	firm	firm	JJ
cord-031106-h1h5q9qo	237	9	performance	performance	NN
cord-031106-h1h5q9qo	237	10	would	would	MD
cord-031106-h1h5q9qo	237	11	increase	increase	VB
cord-031106-h1h5q9qo	237	12	the	the	DT
cord-031106-h1h5q9qo	237	13	number	number	NN
cord-031106-h1h5q9qo	237	14	of	of	IN
cord-031106-h1h5q9qo	237	15	firms	firm	NNS
cord-031106-h1h5q9qo	237	16	at	at	IN
cord-031106-h1h5q9qo	237	17	risk	risk	NN
cord-031106-h1h5q9qo	237	18	and	and	CC
cord-031106-h1h5q9qo	237	19	therefore	therefore	RB
cord-031106-h1h5q9qo	237	20	increase	increase	VB
cord-031106-h1h5q9qo	237	21	the	the	DT
cord-031106-h1h5q9qo	237	22	incentives	incentive	NNS
cord-031106-h1h5q9qo	237	23	for	for	IN
cord-031106-h1h5q9qo	237	24	banks	bank	NNS
cord-031106-h1h5q9qo	237	25	to	to	TO
cord-031106-h1h5q9qo	237	26	extend	extend	VB
cord-031106-h1h5q9qo	237	27	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	237	28	credit	credit	NN
cord-031106-h1h5q9qo	237	29	.	.	.
cord-031106-h1h5q9qo	238	1	Therefore	therefore	RB
cord-031106-h1h5q9qo	238	2	,	,	,
cord-031106-h1h5q9qo	238	3	even	even	RB
cord-031106-h1h5q9qo	238	4	a	a	DT
cord-031106-h1h5q9qo	238	5	definition	definition	NN
cord-031106-h1h5q9qo	238	6	purely	purely	RB
cord-031106-h1h5q9qo	238	7	based	base	VBN
cord-031106-h1h5q9qo	238	8	on	on	IN
cord-031106-h1h5q9qo	238	9	whether	whether	IN
cord-031106-h1h5q9qo	238	10	firms	firm	NNS
cord-031106-h1h5q9qo	238	11	obtain	obtain	VBP
cord-031106-h1h5q9qo	238	12	cheap	cheap	JJ
cord-031106-h1h5q9qo	238	13	financing	financing	NN
cord-031106-h1h5q9qo	238	14	may	may	MD
cord-031106-h1h5q9qo	238	15	result	result	VB
cord-031106-h1h5q9qo	238	16	in	in	IN
cord-031106-h1h5q9qo	238	17	a	a	DT
cord-031106-h1h5q9qo	238	18	larger	large	JJR
cord-031106-h1h5q9qo	238	19	number	number	NN
cord-031106-h1h5q9qo	238	20	of	of	IN
cord-031106-h1h5q9qo	238	21	firms	firm	NNS
cord-031106-h1h5q9qo	238	22	being	be	VBG
cord-031106-h1h5q9qo	238	23	classified	classify	VBN
cord-031106-h1h5q9qo	238	24	as	as	IN
cord-031106-h1h5q9qo	238	25	zombies	zombie	NNS
cord-031106-h1h5q9qo	238	26	in	in	IN
cord-031106-h1h5q9qo	238	27	sectors	sector	NNS
cord-031106-h1h5q9qo	238	28	that	that	WDT
cord-031106-h1h5q9qo	238	29	are	be	VBP
cord-031106-h1h5q9qo	238	30	performing	perform	VBG
cord-031106-h1h5q9qo	238	31	poorly	poorly	RB
cord-031106-h1h5q9qo	238	32	.	.	.
cord-031106-h1h5q9qo	239	1	Things	thing	NNS
cord-031106-h1h5q9qo	239	2	become	become	VBP
cord-031106-h1h5q9qo	239	3	more	more	RBR
cord-031106-h1h5q9qo	239	4	problematic	problematic	JJ
cord-031106-h1h5q9qo	239	5	in	in	IN
cord-031106-h1h5q9qo	239	6	the	the	DT
cord-031106-h1h5q9qo	239	7	subsequent	subsequent	JJ
cord-031106-h1h5q9qo	239	8	literature	literature	NN
cord-031106-h1h5q9qo	239	9	,	,	,
cord-031106-h1h5q9qo	239	10	which	which	WDT
cord-031106-h1h5q9qo	239	11	moved	move	VBD
cord-031106-h1h5q9qo	239	12	toward	toward	IN
cord-031106-h1h5q9qo	239	13	definitions	definition	NNS
cord-031106-h1h5q9qo	239	14	of	of	IN
cord-031106-h1h5q9qo	239	15	zombies	zombie	NNS
cord-031106-h1h5q9qo	239	16	based	base	VBN
cord-031106-h1h5q9qo	239	17	on	on	IN
cord-031106-h1h5q9qo	239	18	performance	performance	NN
cord-031106-h1h5q9qo	239	19	measures	measure	NNS
cord-031106-h1h5q9qo	239	20	,	,	,
cord-031106-h1h5q9qo	239	21	in	in	IN
cord-031106-h1h5q9qo	239	22	some	some	DT
cord-031106-h1h5q9qo	239	23	cases	case	NNS
cord-031106-h1h5q9qo	239	24	integrated	integrate	VBN
cord-031106-h1h5q9qo	239	25	with	with	IN
cord-031106-h1h5q9qo	239	26	indicators	indicator	NNS
cord-031106-h1h5q9qo	239	27	of	of	IN
cord-031106-h1h5q9qo	239	28	banks	bank	NNS
cord-031106-h1h5q9qo	239	29	'	'	POS
cord-031106-h1h5q9qo	239	30	lending	lending	NN
cord-031106-h1h5q9qo	239	31	policies	policy	NNS
cord-031106-h1h5q9qo	239	32	.	.	.
cord-031106-h1h5q9qo	240	1	Storz	Storz	NNP
cord-031106-h1h5q9qo	240	2	et	et	NNP
cord-031106-h1h5q9qo	240	3	al	al	NNP
cord-031106-h1h5q9qo	240	4	.	.	.
cord-031106-h1h5q9qo	241	1	(	(	-LRB-
cord-031106-h1h5q9qo	241	2	2017	2017	CD
cord-031106-h1h5q9qo	241	3	)	)	-RRB-
cord-031106-h1h5q9qo	241	4	use	use	VB
cord-031106-h1h5q9qo	241	5	the	the	DT
cord-031106-h1h5q9qo	241	6	combination	combination	NN
cord-031106-h1h5q9qo	241	7	of	of	IN
cord-031106-h1h5q9qo	241	8	negative	negative	JJ
cord-031106-h1h5q9qo	241	9	return	return	NN
cord-031106-h1h5q9qo	241	10	on	on	IN
cord-031106-h1h5q9qo	241	11	assets	asset	NNS
cord-031106-h1h5q9qo	241	12	(	(	-LRB-
cord-031106-h1h5q9qo	241	13	ROA	ROA	NNP
cord-031106-h1h5q9qo	241	14	)	)	-RRB-
cord-031106-h1h5q9qo	241	15	,	,	,
cord-031106-h1h5q9qo	241	16	negative	negative	JJ
cord-031106-h1h5q9qo	241	17	net	net	JJ
cord-031106-h1h5q9qo	241	18	investment	investment	NN
cord-031106-h1h5q9qo	241	19	,	,	,
cord-031106-h1h5q9qo	241	20	and	and	CC
cord-031106-h1h5q9qo	241	21	low	low	JJ
cord-031106-h1h5q9qo	241	22	EBITDA	EBITDA	NNP
cord-031106-h1h5q9qo	241	23	over	over	IN
cord-031106-h1h5q9qo	241	24	debt	debt	NN
cord-031106-h1h5q9qo	241	25	.	.	.
cord-031106-h1h5q9qo	242	1	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	242	2	et	et	NNP
cord-031106-h1h5q9qo	242	3	al	al	NNP
cord-031106-h1h5q9qo	242	4	.	.	.
cord-031106-h1h5q9qo	243	1	(	(	-LRB-
cord-031106-h1h5q9qo	243	2	2019	2019	CD
cord-031106-h1h5q9qo	243	3	)	)	-RRB-
cord-031106-h1h5q9qo	243	4	classify	classify	VB
cord-031106-h1h5q9qo	243	5	zombie	zombie	NN
cord-031106-h1h5q9qo	243	6	firms	firm	NNS
cord-031106-h1h5q9qo	243	7	as	as	IN
cord-031106-h1h5q9qo	243	8	those	those	DT
cord-031106-h1h5q9qo	243	9	that	that	WDT
cord-031106-h1h5q9qo	243	10	,	,	,
cord-031106-h1h5q9qo	243	11	in	in	IN
cord-031106-h1h5q9qo	243	12	addition	addition	NN
cord-031106-h1h5q9qo	243	13	to	to	IN
cord-031106-h1h5q9qo	243	14	receiving	receive	VBG
cord-031106-h1h5q9qo	243	15	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	243	16	financing	financing	NN
cord-031106-h1h5q9qo	243	17	,	,	,
cord-031106-h1h5q9qo	243	18	have	have	VB
cord-031106-h1h5q9qo	243	19	a	a	DT
cord-031106-h1h5q9qo	243	20	rating	rating	NN
cord-031106-h1h5q9qo	243	21	of	of	IN
cord-031106-h1h5q9qo	243	22	BB	bb	NN
cord-031106-h1h5q9qo	243	23	or	or	CC
cord-031106-h1h5q9qo	243	24	lower	low	JJR
cord-031106-h1h5q9qo	243	25	,	,	,
cord-031106-h1h5q9qo	243	26	whereas	whereas	IN
cord-031106-h1h5q9qo	243	27	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	243	28	et	et	NNP
cord-031106-h1h5q9qo	243	29	al	al	NNP
cord-031106-h1h5q9qo	243	30	.	.	.
cord-031106-h1h5q9qo	244	1	(	(	-LRB-
cord-031106-h1h5q9qo	244	2	2020	2020	CD
cord-031106-h1h5q9qo	244	3	)	)	-RRB-
cord-031106-h1h5q9qo	244	4	use	use	VBP
cord-031106-h1h5q9qo	244	5	interest	interest	NN
cord-031106-h1h5q9qo	244	6	coverage	coverage	NN
cord-031106-h1h5q9qo	244	7	below	below	IN
cord-031106-h1h5q9qo	244	8	the	the	DT
cord-031106-h1h5q9qo	244	9	median	median	NN
cord-031106-h1h5q9qo	244	10	and	and	CC
cord-031106-h1h5q9qo	244	11	leverage	leverage	NN
cord-031106-h1h5q9qo	244	12	above	above	IN
cord-031106-h1h5q9qo	244	13	it	-PRON-	PRP
cord-031106-h1h5q9qo	244	14	as	as	IN
cord-031106-h1h5q9qo	244	15	their	-PRON-	PRP$
cord-031106-h1h5q9qo	244	16	definition	definition	NN
cord-031106-h1h5q9qo	244	17	of	of	IN
cord-031106-h1h5q9qo	244	18	a	a	DT
cord-031106-h1h5q9qo	244	19	zombie	zombie	NN
cord-031106-h1h5q9qo	244	20	.	.	.
cord-031106-h1h5q9qo	245	1	McGowan	McGowan	NNP
cord-031106-h1h5q9qo	245	2	et	et	NNP
cord-031106-h1h5q9qo	245	3	al	al	NNP
cord-031106-h1h5q9qo	245	4	.	.	.
cord-031106-h1h5q9qo	246	1	(	(	-LRB-
cord-031106-h1h5q9qo	246	2	2018	2018	CD
cord-031106-h1h5q9qo	246	3	)	)	-RRB-
cord-031106-h1h5q9qo	246	4	and	and	CC
cord-031106-h1h5q9qo	246	5	Gouveia	Gouveia	NNP
cord-031106-h1h5q9qo	246	6	&	&	CC
cord-031106-h1h5q9qo	246	7	Osterhold	Osterhold	NNP
cord-031106-h1h5q9qo	246	8	(	(	-LRB-
cord-031106-h1h5q9qo	246	9	2018	2018	CD
cord-031106-h1h5q9qo	246	10	)	)	-RRB-
cord-031106-h1h5q9qo	246	11	only	only	RB
cord-031106-h1h5q9qo	246	12	use	use	VBP
cord-031106-h1h5q9qo	246	13	the	the	DT
cord-031106-h1h5q9qo	246	14	interest	interest	NN
cord-031106-h1h5q9qo	246	15	coverage	coverage	NN
cord-031106-h1h5q9qo	246	16	ratio	ratio	NN
cord-031106-h1h5q9qo	246	17	in	in	IN
cord-031106-h1h5q9qo	246	18	their	-PRON-	PRP$
cord-031106-h1h5q9qo	246	19	definition	definition	NN
cord-031106-h1h5q9qo	246	20	of	of	IN
cord-031106-h1h5q9qo	246	21	zombies	zombie	NNS
cord-031106-h1h5q9qo	246	22	.	.	.
cord-031106-h1h5q9qo	247	1	Schivardi	Schivardi	NNP
cord-031106-h1h5q9qo	247	2	et	et	NNP
cord-031106-h1h5q9qo	247	3	al	al	NNP
cord-031106-h1h5q9qo	247	4	.	.	.
cord-031106-h1h5q9qo	248	1	(	(	-LRB-
cord-031106-h1h5q9qo	248	2	2019	2019	CD
cord-031106-h1h5q9qo	248	3	)	)	-RRB-
cord-031106-h1h5q9qo	248	4	define	define	VB
cord-031106-h1h5q9qo	248	5	zombies	zombie	NNS
cord-031106-h1h5q9qo	248	6	as	as	IN
cord-031106-h1h5q9qo	248	7	firms	firm	NNS
cord-031106-h1h5q9qo	248	8	with	with	IN
cord-031106-h1h5q9qo	248	9	a	a	DT
cord-031106-h1h5q9qo	248	10	low	low	JJ
cord-031106-h1h5q9qo	248	11	ROA	roa	NN
cord-031106-h1h5q9qo	248	12	and	and	CC
cord-031106-h1h5q9qo	248	13	a	a	DT
cord-031106-h1h5q9qo	248	14	high	high	JJ
cord-031106-h1h5q9qo	248	15	leverage	leverage	NN
cord-031106-h1h5q9qo	248	16	,	,	,
cord-031106-h1h5q9qo	248	17	which	which	WDT
cord-031106-h1h5q9qo	248	18	,	,	,
cord-031106-h1h5q9qo	248	19	in	in	IN
cord-031106-h1h5q9qo	248	20	their	-PRON-	PRP$
cord-031106-h1h5q9qo	248	21	sample	sample	NN
cord-031106-h1h5q9qo	248	22	of	of	IN
cord-031106-h1h5q9qo	248	23	mostly	mostly	RB
cord-031106-h1h5q9qo	248	24	private	private	JJ
cord-031106-h1h5q9qo	248	25	,	,	,
cord-031106-h1h5q9qo	248	26	small	small	JJ
cord-031106-h1h5q9qo	248	27	firms	firm	NNS
cord-031106-h1h5q9qo	248	28	,	,	,
cord-031106-h1h5q9qo	248	29	can	can	MD
cord-031106-h1h5q9qo	248	30	be	be	VB
cord-031106-h1h5q9qo	248	31	attributed	attribute	VBN
cord-031106-h1h5q9qo	248	32	to	to	IN
cord-031106-h1h5q9qo	248	33	high	high	JJ
cord-031106-h1h5q9qo	248	34	bank	bank	NN
cord-031106-h1h5q9qo	248	35	debt	debt	NN
cord-031106-h1h5q9qo	248	36	.	.	.
cord-031106-h1h5q9qo	249	1	All	all	PDT
cord-031106-h1h5q9qo	249	2	these	these	DT
cord-031106-h1h5q9qo	249	3	definitions	definition	NNS
cord-031106-h1h5q9qo	249	4	contain	contain	VBP
cord-031106-h1h5q9qo	249	5	a	a	DT
cord-031106-h1h5q9qo	249	6	component	component	NN
cord-031106-h1h5q9qo	249	7	of	of	IN
cord-031106-h1h5q9qo	249	8	performance	performance	NN
cord-031106-h1h5q9qo	249	9	,	,	,
cord-031106-h1h5q9qo	249	10	possibly	possibly	RB
cord-031106-h1h5q9qo	249	11	coupled	couple	VBN
cord-031106-h1h5q9qo	249	12	with	with	IN
cord-031106-h1h5q9qo	249	13	some	some	DT
cord-031106-h1h5q9qo	249	14	indication	indication	NN
cord-031106-h1h5q9qo	249	15	of	of	IN
cord-031106-h1h5q9qo	249	16	evergreening	evergreening	NN
cord-031106-h1h5q9qo	249	17	by	by	IN
cord-031106-h1h5q9qo	249	18	banks	bank	NNS
cord-031106-h1h5q9qo	249	19	(	(	-LRB-
cord-031106-h1h5q9qo	249	20	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	249	21	credit	credit	NN
cord-031106-h1h5q9qo	249	22	,	,	,
cord-031106-h1h5q9qo	249	23	high	high	JJ
cord-031106-h1h5q9qo	249	24	debt	debt	NN
cord-031106-h1h5q9qo	249	25	)	)	-RRB-
cord-031106-h1h5q9qo	249	26	.	.	.
cord-031106-h1h5q9qo	250	1	10	10	CD
cord-031106-h1h5q9qo	251	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	251	2	seems	seem	VBZ
cord-031106-h1h5q9qo	251	3	unlikely	unlikely	JJ
cord-031106-h1h5q9qo	251	4	that	that	IN
cord-031106-h1h5q9qo	251	5	these	these	DT
cord-031106-h1h5q9qo	251	6	definitions	definition	NNS
cord-031106-h1h5q9qo	251	7	pass	pass	VBP
cord-031106-h1h5q9qo	251	8	the	the	DT
cord-031106-h1h5q9qo	251	9	exogeneity	exogeneity	NN
cord-031106-h1h5q9qo	251	10	requirement	requirement	NN
cord-031106-h1h5q9qo	251	11	,	,	,
cord-031106-h1h5q9qo	251	12	that	that	RB
cord-031106-h1h5q9qo	251	13	is	is	RB
cord-031106-h1h5q9qo	251	14	,	,	,
cord-031106-h1h5q9qo	251	15	that	that	IN
cord-031106-h1h5q9qo	251	16	the	the	DT
cord-031106-h1h5q9qo	251	17	share	share	NN
cord-031106-h1h5q9qo	251	18	of	of	IN
cord-031106-h1h5q9qo	251	19	zombies	zombie	NNS
cord-031106-h1h5q9qo	251	20	is	be	VBZ
cord-031106-h1h5q9qo	251	21	orthogonal	orthogonal	JJ
cord-031106-h1h5q9qo	251	22	to	to	IN
cord-031106-h1h5q9qo	251	23	shocks	shock	NNS
cord-031106-h1h5q9qo	251	24	that	that	WDT
cord-031106-h1h5q9qo	251	25	shift	shift	VBP
cord-031106-h1h5q9qo	251	26	the	the	DT
cord-031106-h1h5q9qo	251	27	performance	performance	NN
cord-031106-h1h5q9qo	251	28	distribution	distribution	NN
cord-031106-h1h5q9qo	251	29	.	.	.
cord-031106-h1h5q9qo	252	1	average	average	JJ
cord-031106-h1h5q9qo	252	2	capitalization	capitalization	NN
cord-031106-h1h5q9qo	252	3	,	,	,
cord-031106-h1h5q9qo	252	4	measured	measure	VBN
cord-031106-h1h5q9qo	252	5	as	as	IN
cord-031106-h1h5q9qo	252	6	the	the	DT
cord-031106-h1h5q9qo	252	7	tier-1-to	tier-1-to	NNP
cord-031106-h1h5q9qo	252	8	-	-	HYPH
cord-031106-h1h5q9qo	252	9	risk	risk	NN
cord-031106-h1h5q9qo	252	10	-	-	HYPH
cord-031106-h1h5q9qo	252	11	weighted	weight	VBN
cord-031106-h1h5q9qo	252	12	-	-	HYPH
cord-031106-h1h5q9qo	252	13	assets	asset	NNS
cord-031106-h1h5q9qo	252	14	ratio	ratio	NN
cord-031106-h1h5q9qo	252	15	,	,	,
cord-031106-h1h5q9qo	252	16	of	of	IN
cord-031106-h1h5q9qo	252	17	the	the	DT
cord-031106-h1h5q9qo	252	18	banks	bank	NNS
cord-031106-h1h5q9qo	252	19	connected	connect	VBN
cord-031106-h1h5q9qo	252	20	to	to	IN
cord-031106-h1h5q9qo	252	21	the	the	DT
cord-031106-h1h5q9qo	252	22	firms	firm	NNS
cord-031106-h1h5q9qo	252	23	in	in	IN
cord-031106-h1h5q9qo	252	24	a	a	DT
cord-031106-h1h5q9qo	252	25	market	market	NN
cord-031106-h1h5q9qo	252	26	,	,	,
cord-031106-h1h5q9qo	252	27	weighted	weight	VBN
cord-031106-h1h5q9qo	252	28	by	by	IN
cord-031106-h1h5q9qo	252	29	the	the	DT
cord-031106-h1h5q9qo	252	30	number	number	NN
cord-031106-h1h5q9qo	252	31	of	of	IN
cord-031106-h1h5q9qo	252	32	firm	firm	JJ
cord-031106-h1h5q9qo	252	33	relationships	relationship	NNS
cord-031106-h1h5q9qo	252	34	.	.	.
cord-031106-h1h5q9qo	253	1	10	10	CD
cord-031106-h1h5q9qo	254	1	The	the	DT
cord-031106-h1h5q9qo	254	2	definition	definition	NN
cord-031106-h1h5q9qo	254	3	of	of	IN
cord-031106-h1h5q9qo	254	4	subsidized	subsidized	JJ
cord-031106-h1h5q9qo	254	5	credit	credit	NN
cord-031106-h1h5q9qo	254	6	also	also	RB
cord-031106-h1h5q9qo	254	7	may	may	MD
cord-031106-h1h5q9qo	254	8	be	be	VB
cord-031106-h1h5q9qo	254	9	affected	affect	VBN
cord-031106-h1h5q9qo	254	10	by	by	IN
cord-031106-h1h5q9qo	254	11	firms	firm	NNS
cord-031106-h1h5q9qo	254	12	'	'	POS
cord-031106-h1h5q9qo	254	13	performance	performance	NN
cord-031106-h1h5q9qo	254	14	when	when	WRB
cord-031106-h1h5q9qo	254	15	it	-PRON-	PRP
cord-031106-h1h5q9qo	254	16	is	be	VBZ
cord-031106-h1h5q9qo	254	17	based	base	VBN
cord-031106-h1h5q9qo	254	18	on	on	IN
cord-031106-h1h5q9qo	254	19	a	a	DT
cord-031106-h1h5q9qo	254	20	firms	firm	NNS
cord-031106-h1h5q9qo	254	21	'	'	POS
cord-031106-h1h5q9qo	254	22	ratings	rating	NNS
cord-031106-h1h5q9qo	254	23	.	.	.
cord-031106-h1h5q9qo	255	1	As	as	IN
cord-031106-h1h5q9qo	255	2	these	these	DT
cord-031106-h1h5q9qo	255	3	are	be	VBP
cord-031106-h1h5q9qo	255	4	proxies	proxy	NNS
cord-031106-h1h5q9qo	255	5	of	of	IN
cord-031106-h1h5q9qo	255	6	firms	firm	NNS
cord-031106-h1h5q9qo	255	7	'	'	POS
cord-031106-h1h5q9qo	255	8	default	default	NN
cord-031106-h1h5q9qo	255	9	probability	probability	NN
cord-031106-h1h5q9qo	255	10	,	,	,
cord-031106-h1h5q9qo	255	11	they	-PRON-	PRP
cord-031106-h1h5q9qo	255	12	also	also	RB
cord-031106-h1h5q9qo	255	13	depend	depend	VBP
cord-031106-h1h5q9qo	255	14	on	on	IN
cord-031106-h1h5q9qo	255	15	firms	firm	NNS
cord-031106-h1h5q9qo	255	16	'	'	POS
cord-031106-h1h5q9qo	255	17	performance	performance	NN
cord-031106-h1h5q9qo	255	18	.	.	.
cord-031106-h1h5q9qo	256	1	To	to	TO
cord-031106-h1h5q9qo	256	2	assess	assess	VB
cord-031106-h1h5q9qo	256	3	whether	whether	IN
cord-031106-h1h5q9qo	256	4	the	the	DT
cord-031106-h1h5q9qo	256	5	results	result	NNS
cord-031106-h1h5q9qo	256	6	of	of	IN
cord-031106-h1h5q9qo	256	7	the	the	DT
cord-031106-h1h5q9qo	256	8	literature	literature	NN
cord-031106-h1h5q9qo	256	9	are	be	VBP
cord-031106-h1h5q9qo	256	10	likely	likely	JJ
cord-031106-h1h5q9qo	256	11	to	to	TO
cord-031106-h1h5q9qo	256	12	be	be	VB
cord-031106-h1h5q9qo	256	13	biased	bias	VBN
cord-031106-h1h5q9qo	256	14	,	,	,
cord-031106-h1h5q9qo	256	15	in	in	IN
cord-031106-h1h5q9qo	256	16	Schivardi	Schivardi	NNP
cord-031106-h1h5q9qo	256	17	et	et	NNP
cord-031106-h1h5q9qo	256	18	al	al	NNP
cord-031106-h1h5q9qo	256	19	.	.	.
cord-031106-h1h5q9qo	257	1	(	(	-LRB-
cord-031106-h1h5q9qo	257	2	2019	2019	CD
cord-031106-h1h5q9qo	257	3	)	)	-RRB-
cord-031106-h1h5q9qo	257	4	,	,	,
cord-031106-h1h5q9qo	257	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	257	6	have	have	VBP
cord-031106-h1h5q9qo	257	7	replicated	replicate	VBN
cord-031106-h1h5q9qo	257	8	the	the	DT
cord-031106-h1h5q9qo	257	9	regressions	regression	NNS
cord-031106-h1h5q9qo	257	10	run	run	VBN
cord-031106-h1h5q9qo	257	11	by	by	IN
cord-031106-h1h5q9qo	257	12	the	the	DT
cord-031106-h1h5q9qo	257	13	previous	previous	JJ
cord-031106-h1h5q9qo	257	14	literature	literature	NN
cord-031106-h1h5q9qo	257	15	on	on	IN
cord-031106-h1h5q9qo	257	16	a	a	DT
cord-031106-h1h5q9qo	257	17	large	large	JJ
cord-031106-h1h5q9qo	257	18	sample	sample	NN
cord-031106-h1h5q9qo	257	19	of	of	IN
cord-031106-h1h5q9qo	257	20	Italian	italian	JJ
cord-031106-h1h5q9qo	257	21	firms	firm	NNS
cord-031106-h1h5q9qo	257	22	for	for	IN
cord-031106-h1h5q9qo	257	23	the	the	DT
cord-031106-h1h5q9qo	257	24	period	period	NN
cord-031106-h1h5q9qo	257	25	2008	2008	CD
cord-031106-h1h5q9qo	257	26	-	-	SYM
cord-031106-h1h5q9qo	257	27	2013	2013	CD
cord-031106-h1h5q9qo	257	28	.	.	.
cord-031106-h1h5q9qo	258	1	The	the	DT
cord-031106-h1h5q9qo	258	2	dependent	dependent	JJ
cord-031106-h1h5q9qo	258	3	variables	variable	NNS
cord-031106-h1h5q9qo	258	4	are	be	VBP
cord-031106-h1h5q9qo	258	5	various	various	JJ
cord-031106-h1h5q9qo	258	6	measures	measure	NNS
cord-031106-h1h5q9qo	258	7	of	of	IN
cord-031106-h1h5q9qo	258	8	firm	firm	JJ
cord-031106-h1h5q9qo	258	9	performance	performance	NN
cord-031106-h1h5q9qo	258	10	(	(	-LRB-
cord-031106-h1h5q9qo	258	11	the	the	DT
cord-031106-h1h5q9qo	258	12	growth	growth	NN
cord-031106-h1h5q9qo	258	13	rates	rate	NNS
cord-031106-h1h5q9qo	258	14	of	of	IN
cord-031106-h1h5q9qo	258	15	the	the	DT
cord-031106-h1h5q9qo	258	16	wage	wage	NN
cord-031106-h1h5q9qo	258	17	bill	bill	NN
cord-031106-h1h5q9qo	258	18	,	,	,
cord-031106-h1h5q9qo	258	19	capital	capital	NN
cord-031106-h1h5q9qo	258	20	spending	spending	NN
cord-031106-h1h5q9qo	258	21	,	,	,
cord-031106-h1h5q9qo	258	22	and	and	CC
cord-031106-h1h5q9qo	258	23	sales	sale	NNS
cord-031106-h1h5q9qo	258	24	)	)	-RRB-
cord-031106-h1h5q9qo	258	25	,	,	,
cord-031106-h1h5q9qo	258	26	and	and	CC
cord-031106-h1h5q9qo	258	27	the	the	DT
cord-031106-h1h5q9qo	258	28	specifications	specification	NNS
cord-031106-h1h5q9qo	258	29	correspond	correspond	VBP
cord-031106-h1h5q9qo	258	30	to	to	IN
cord-031106-h1h5q9qo	258	31	Equations	equation	NNS
cord-031106-h1h5q9qo	258	32	(	(	-LRB-
cord-031106-h1h5q9qo	258	33	3	3	CD
cord-031106-h1h5q9qo	258	34	)	)	-RRB-
cord-031106-h1h5q9qo	258	35	and	and	CC
cord-031106-h1h5q9qo	258	36	(	(	-LRB-
cord-031106-h1h5q9qo	258	37	4	4	LS
cord-031106-h1h5q9qo	258	38	)	)	-RRB-
cord-031106-h1h5q9qo	258	39	above	above	RB
cord-031106-h1h5q9qo	258	40	,	,	,
cord-031106-h1h5q9qo	258	41	with	with	IN
cord-031106-h1h5q9qo	258	42	j	j	NNP
cord-031106-h1h5q9qo	258	43	denoting	denote	VBG
cord-031106-h1h5q9qo	258	44	the	the	DT
cord-031106-h1h5q9qo	258	45	provincesector	provincesector	NN
cord-031106-h1h5q9qo	258	46	and	and	CC
cord-031106-h1h5q9qo	258	47	t	t	NNP
cord-031106-h1h5q9qo	258	48	the	the	DT
cord-031106-h1h5q9qo	258	49	year	year	NN
cord-031106-h1h5q9qo	258	50	.	.	.
cord-031106-h1h5q9qo	259	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	259	2	define	define	VBP
cord-031106-h1h5q9qo	259	3	a	a	DT
cord-031106-h1h5q9qo	259	4	zombie	zombie	NN
cord-031106-h1h5q9qo	259	5	as	as	IN
cord-031106-h1h5q9qo	259	6	a	a	DT
cord-031106-h1h5q9qo	259	7	firm	firm	NN
cord-031106-h1h5q9qo	259	8	that	that	WDT
cord-031106-h1h5q9qo	259	9	is	be	VBZ
cord-031106-h1h5q9qo	259	10	highly	highly	RB
cord-031106-h1h5q9qo	259	11	indebted	indebted	JJ
cord-031106-h1h5q9qo	259	12	and	and	CC
cord-031106-h1h5q9qo	259	13	for	for	IN
cord-031106-h1h5q9qo	259	14	which	which	WDT
cord-031106-h1h5q9qo	259	15	the	the	DT
cord-031106-h1h5q9qo	259	16	returns	return	NNS
cord-031106-h1h5q9qo	259	17	on	on	IN
cord-031106-h1h5q9qo	259	18	assets	asset	NNS
cord-031106-h1h5q9qo	259	19	have	have	VBP
cord-031106-h1h5q9qo	259	20	been	be	VBN
cord-031106-h1h5q9qo	259	21	systematically	systematically	RB
cord-031106-h1h5q9qo	259	22	below	below	IN
cord-031106-h1h5q9qo	259	23	the	the	DT
cord-031106-h1h5q9qo	259	24	cost	cost	NN
cord-031106-h1h5q9qo	259	25	of	of	IN
cord-031106-h1h5q9qo	259	26	capital	capital	NN
cord-031106-h1h5q9qo	259	27	of	of	IN
cord-031106-h1h5q9qo	259	28	the	the	DT
cord-031106-h1h5q9qo	259	29	safest	safe	JJS
cord-031106-h1h5q9qo	259	30	firms	firm	NNS
cord-031106-h1h5q9qo	259	31	.	.	.
cord-031106-h1h5q9qo	260	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	260	2	also	also	RB
cord-031106-h1h5q9qo	260	3	find	find	VBP
cord-031106-h1h5q9qo	260	4	that	that	IN
cord-031106-h1h5q9qo	260	5	as	as	IN
cord-031106-h1h5q9qo	260	6	the	the	DT
cord-031106-h1h5q9qo	260	7	share	share	NN
cord-031106-h1h5q9qo	260	8	of	of	IN
cord-031106-h1h5q9qo	260	9	zombies	zombie	NNS
cord-031106-h1h5q9qo	260	10	increases	increase	VBZ
cord-031106-h1h5q9qo	260	11	,	,	,
cord-031106-h1h5q9qo	260	12	all	all	DT
cord-031106-h1h5q9qo	260	13	performance	performance	NN
cord-031106-h1h5q9qo	260	14	measures	measure	NNS
cord-031106-h1h5q9qo	260	15	deteriorate	deteriorate	VBP
cord-031106-h1h5q9qo	260	16	more	more	RBR
cord-031106-h1h5q9qo	260	17	for	for	IN
cord-031106-h1h5q9qo	260	18	healthy	healthy	JJ
cord-031106-h1h5q9qo	260	19	firms	firm	NNS
cord-031106-h1h5q9qo	260	20	than	than	IN
cord-031106-h1h5q9qo	260	21	they	-PRON-	PRP
cord-031106-h1h5q9qo	260	22	do	do	VBP
cord-031106-h1h5q9qo	260	23	for	for	IN
cord-031106-h1h5q9qo	260	24	zombies	zombie	NNS
cord-031106-h1h5q9qo	260	25	under	under	IN
cord-031106-h1h5q9qo	260	26	both	both	DT
cord-031106-h1h5q9qo	260	27	specifications	specification	NNS
cord-031106-h1h5q9qo	260	28	.	.	.
cord-031106-h1h5q9qo	261	1	Despite	despite	IN
cord-031106-h1h5q9qo	261	2	the	the	DT
cord-031106-h1h5q9qo	261	3	substantial	substantial	JJ
cord-031106-h1h5q9qo	261	4	differences	difference	NNS
cord-031106-h1h5q9qo	261	5	in	in	IN
cord-031106-h1h5q9qo	261	6	the	the	DT
cord-031106-h1h5q9qo	261	7	sample	sample	NN
cord-031106-h1h5q9qo	261	8	of	of	IN
cord-031106-h1h5q9qo	261	9	firms	firm	NNS
cord-031106-h1h5q9qo	261	10	and	and	CC
cord-031106-h1h5q9qo	261	11	institutional	institutional	JJ
cord-031106-h1h5q9qo	261	12	setting	setting	NN
cord-031106-h1h5q9qo	261	13	,	,	,
cord-031106-h1h5q9qo	261	14	we	-PRON-	PRP
cord-031106-h1h5q9qo	261	15	obtain	obtain	VBP
cord-031106-h1h5q9qo	261	16	magnitudes	magnitude	NNS
cord-031106-h1h5q9qo	261	17	similar	similar	JJ
cord-031106-h1h5q9qo	261	18	to	to	IN
cord-031106-h1h5q9qo	261	19	those	those	DT
cord-031106-h1h5q9qo	261	20	in	in	IN
cord-031106-h1h5q9qo	261	21	the	the	DT
cord-031106-h1h5q9qo	261	22	literature	literature	NN
cord-031106-h1h5q9qo	261	23	:	:	:
cord-031106-h1h5q9qo	261	24	the	the	DT
cord-031106-h1h5q9qo	261	25	estimates	estimate	NNS
cord-031106-h1h5q9qo	261	26	of	of	IN
cord-031106-h1h5q9qo	261	27	β	β	NN
cord-031106-h1h5q9qo	261	28	3	3	CD
cord-031106-h1h5q9qo	261	29	for	for	IN
cord-031106-h1h5q9qo	261	30	the	the	DT
cord-031106-h1h5q9qo	261	31	capital	capital	NN
cord-031106-h1h5q9qo	261	32	growth	growth	NN
cord-031106-h1h5q9qo	261	33	Equation	Equation	NNP
cord-031106-h1h5q9qo	261	34	(	(	-LRB-
cord-031106-h1h5q9qo	261	35	4	4	CD
cord-031106-h1h5q9qo	261	36	)	)	-RRB-
cord-031106-h1h5q9qo	261	37	are	be	VBP
cord-031106-h1h5q9qo	261	38	-0.08	-0.08	CD
cord-031106-h1h5q9qo	261	39	in	in	IN
cord-031106-h1h5q9qo	261	40	Caballero	Caballero	NNP
cord-031106-h1h5q9qo	261	41	et	et	NNP
cord-031106-h1h5q9qo	261	42	al	al	NNP
cord-031106-h1h5q9qo	261	43	.	.	.
cord-031106-h1h5q9qo	262	1	(	(	-LRB-
cord-031106-h1h5q9qo	262	2	2008	2008	CD
cord-031106-h1h5q9qo	262	3	)	)	-RRB-
cord-031106-h1h5q9qo	262	4	,	,	,
cord-031106-h1h5q9qo	262	5	-0.018	-0.018	NNP
cord-031106-h1h5q9qo	262	6	in	in	IN
cord-031106-h1h5q9qo	262	7	Acharya	Acharya	NNP
cord-031106-h1h5q9qo	262	8	et	et	NNP
cord-031106-h1h5q9qo	262	9	al	al	NNP
cord-031106-h1h5q9qo	262	10	.	.	.
cord-031106-h1h5q9qo	263	1	(	(	-LRB-
cord-031106-h1h5q9qo	263	2	2019	2019	CD
cord-031106-h1h5q9qo	263	3	)	)	-RRB-
cord-031106-h1h5q9qo	263	4	,	,	.
cord-031106-h1h5q9qo	264	1	and	and	CC
cord-031106-h1h5q9qo	264	2	-0.043	-0.043	NNPS
cord-031106-h1h5q9qo	264	3	in	in	IN
cord-031106-h1h5q9qo	264	4	our	-PRON-	PRP$
cord-031106-h1h5q9qo	264	5	case	case	NN
cord-031106-h1h5q9qo	264	6	,	,	,
cord-031106-h1h5q9qo	264	7	and	and	CC
cord-031106-h1h5q9qo	264	8	are	be	VBP
cord-031106-h1h5q9qo	264	9	similar	similar	JJ
cord-031106-h1h5q9qo	264	10	for	for	IN
cord-031106-h1h5q9qo	264	11	employment	employment	NN
cord-031106-h1h5q9qo	264	12	growth	growth	NN
cord-031106-h1h5q9qo	264	13	.	.	.
cord-031106-h1h5q9qo	265	1	Unfortunately	unfortunately	RB
cord-031106-h1h5q9qo	265	2	,	,	,
cord-031106-h1h5q9qo	265	3	this	this	DT
cord-031106-h1h5q9qo	265	4	finding	finding	NN
cord-031106-h1h5q9qo	265	5	is	be	VBZ
cord-031106-h1h5q9qo	265	6	likely	likely	JJ
cord-031106-h1h5q9qo	265	7	to	to	TO
cord-031106-h1h5q9qo	265	8	be	be	VB
cord-031106-h1h5q9qo	265	9	a	a	DT
cord-031106-h1h5q9qo	265	10	mechanical	mechanical	JJ
cord-031106-h1h5q9qo	265	11	consequence	consequence	NN
cord-031106-h1h5q9qo	265	12	of	of	IN
cord-031106-h1h5q9qo	265	13	the	the	DT
cord-031106-h1h5q9qo	265	14	leftward	leftward	JJ
cord-031106-h1h5q9qo	265	15	shift	shift	NN
cord-031106-h1h5q9qo	265	16	in	in	IN
cord-031106-h1h5q9qo	265	17	the	the	DT
cord-031106-h1h5q9qo	265	18	distribution	distribution	NN
cord-031106-h1h5q9qo	265	19	and	and	CC
cord-031106-h1h5q9qo	265	20	can	can	MD
cord-031106-h1h5q9qo	265	21	not	not	RB
cord-031106-h1h5q9qo	265	22	in	in	IN
cord-031106-h1h5q9qo	265	23	itself	-PRON-	PRP
cord-031106-h1h5q9qo	265	24	be	be	VB
cord-031106-h1h5q9qo	265	25	interpreted	interpret	VBN
cord-031106-h1h5q9qo	265	26	as	as	IN
cord-031106-h1h5q9qo	265	27	evidence	evidence	NN
cord-031106-h1h5q9qo	265	28	of	of	IN
cord-031106-h1h5q9qo	265	29	negative	negative	JJ
cord-031106-h1h5q9qo	265	30	spillovers	spillover	NNS
cord-031106-h1h5q9qo	265	31	from	from	IN
cord-031106-h1h5q9qo	265	32	zombies	zombie	NNS
cord-031106-h1h5q9qo	265	33	to	to	IN
cord-031106-h1h5q9qo	265	34	nonzombies	nonzombie	NNS
cord-031106-h1h5q9qo	265	35	.	.	.
cord-031106-h1h5q9qo	266	1	In	in	IN
cord-031106-h1h5q9qo	266	2	fact	fact	NN
cord-031106-h1h5q9qo	266	3	,	,	,
cord-031106-h1h5q9qo	266	4	when	when	WRB
cord-031106-h1h5q9qo	266	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	266	6	replace	replace	VBP
cord-031106-h1h5q9qo	266	7	the	the	DT
cord-031106-h1h5q9qo	266	8	share	share	NN
cord-031106-h1h5q9qo	266	9	of	of	IN
cord-031106-h1h5q9qo	266	10	zombie	zombie	NN
cord-031106-h1h5q9qo	266	11	firms	firm	NNS
cord-031106-h1h5q9qo	266	12	on	on	IN
cord-031106-h1h5q9qo	266	13	the	the	DT
cord-031106-h1h5q9qo	266	14	right	right	JJ
cord-031106-h1h5q9qo	266	15	-	-	HYPH
cord-031106-h1h5q9qo	266	16	hand	hand	NN
cord-031106-h1h5q9qo	266	17	side	side	NN
cord-031106-h1h5q9qo	266	18	of	of	IN
cord-031106-h1h5q9qo	266	19	(	(	-LRB-
cord-031106-h1h5q9qo	266	20	3	3	CD
cord-031106-h1h5q9qo	266	21	)	)	-RRB-
cord-031106-h1h5q9qo	266	22	,	,	,
cord-031106-h1h5q9qo	266	23	Z	Z	NNP
cord-031106-h1h5q9qo	266	24	jt	jt	NNP
cord-031106-h1h5q9qo	266	25	,	,	,
cord-031106-h1h5q9qo	266	26	with	with	IN
cord-031106-h1h5q9qo	266	27	an	an	DT
cord-031106-h1h5q9qo	266	28	arguably	arguably	RB
cord-031106-h1h5q9qo	266	29	exogenous	exogenous	JJ
cord-031106-h1h5q9qo	266	30	supply	supply	NN
cord-031106-h1h5q9qo	266	31	side	side	NN
cord-031106-h1h5q9qo	266	32	indicator	indicator	NN
cord-031106-h1h5q9qo	266	33	of	of	IN
cord-031106-h1h5q9qo	266	34	bank	bank	NN
cord-031106-h1h5q9qo	266	35	lending	lending	NN
cord-031106-h1h5q9qo	266	36	to	to	IN
cord-031106-h1h5q9qo	266	37	zombie	zombie	NN
cord-031106-h1h5q9qo	266	38	firms	firm	NNS
cord-031106-h1h5q9qo	266	39	,	,	,
cord-031106-h1h5q9qo	266	40	we	-PRON-	PRP
cord-031106-h1h5q9qo	266	41	find	find	VBP
cord-031106-h1h5q9qo	266	42	no	no	DT
cord-031106-h1h5q9qo	266	43	evidence	evidence	NN
cord-031106-h1h5q9qo	266	44	that	that	IN
cord-031106-h1h5q9qo	266	45	zombie	zombie	NN
cord-031106-h1h5q9qo	266	46	lending	lending	NN
cord-031106-h1h5q9qo	266	47	hurts	hurt	VBZ
cord-031106-h1h5q9qo	266	48	healthy	healthy	JJ
cord-031106-h1h5q9qo	266	49	firms	firm	NNS
cord-031106-h1h5q9qo	266	50	.	.	.
cord-031106-h1h5q9qo	267	1	11	11	CD
cord-031106-h1h5q9qo	268	1	The	the	DT
cord-031106-h1h5q9qo	268	2	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	268	3	crisis	crisis	NN
cord-031106-h1h5q9qo	268	4	is	be	VBZ
cord-031106-h1h5q9qo	268	5	creating	create	VBG
cord-031106-h1h5q9qo	268	6	an	an	DT
cord-031106-h1h5q9qo	268	7	unprecedented	unprecedented	JJ
cord-031106-h1h5q9qo	268	8	risk	risk	NN
cord-031106-h1h5q9qo	268	9	of	of	IN
cord-031106-h1h5q9qo	268	10	massive	massive	JJ
cord-031106-h1h5q9qo	268	11	bankruptcies	bankruptcy	NNS
cord-031106-h1h5q9qo	268	12	due	due	JJ
cord-031106-h1h5q9qo	268	13	to	to	IN
cord-031106-h1h5q9qo	268	14	firms	firm	NNS
cord-031106-h1h5q9qo	268	15	'	'	POS
cord-031106-h1h5q9qo	268	16	liquidity	liquidity	NN
cord-031106-h1h5q9qo	268	17	shortages	shortage	NNS
cord-031106-h1h5q9qo	268	18	following	follow	VBG
cord-031106-h1h5q9qo	268	19	the	the	DT
cord-031106-h1h5q9qo	268	20	drop	drop	NN
cord-031106-h1h5q9qo	268	21	in	in	IN
cord-031106-h1h5q9qo	268	22	sales	sale	NNS
cord-031106-h1h5q9qo	268	23	caused	cause	VBN
cord-031106-h1h5q9qo	268	24	by	by	IN
cord-031106-h1h5q9qo	268	25	the	the	DT
cord-031106-h1h5q9qo	268	26	lockdowns	lockdown	NNS
cord-031106-h1h5q9qo	268	27	that	that	WDT
cord-031106-h1h5q9qo	268	28	most	most	JJS
cord-031106-h1h5q9qo	268	29	countries	country	NNS
cord-031106-h1h5q9qo	268	30	enacted	enact	VBD
cord-031106-h1h5q9qo	268	31	.	.	.
cord-031106-h1h5q9qo	269	1	Brunnermeier	Brunnermeier	NNP
cord-031106-h1h5q9qo	269	2	&	&	CC
cord-031106-h1h5q9qo	269	3	Krishnamurthy	Krishnamurthy	NNP
cord-031106-h1h5q9qo	269	4	(	(	-LRB-
cord-031106-h1h5q9qo	269	5	2020	2020	CD
cord-031106-h1h5q9qo	269	6	)	)	-RRB-
cord-031106-h1h5q9qo	269	7	argue	argue	VBP
cord-031106-h1h5q9qo	269	8	that	that	IN
cord-031106-h1h5q9qo	269	9	,	,	,
cord-031106-h1h5q9qo	269	10	contrary	contrary	JJ
cord-031106-h1h5q9qo	269	11	to	to	IN
cord-031106-h1h5q9qo	269	12	"	"	``
cord-031106-h1h5q9qo	269	13	normal	normal	JJ
cord-031106-h1h5q9qo	269	14	"	"	''
cord-031106-h1h5q9qo	269	15	recessions	recession	NNS
cord-031106-h1h5q9qo	269	16	,	,	,
cord-031106-h1h5q9qo	269	17	the	the	DT
cord-031106-h1h5q9qo	269	18	appropriate	appropriate	JJ
cord-031106-h1h5q9qo	269	19	policy	policy	NN
cord-031106-h1h5q9qo	269	20	action	action	NN
cord-031106-h1h5q9qo	269	21	to	to	TO
cord-031106-h1h5q9qo	269	22	contrast	contrast	VB
cord-031106-h1h5q9qo	269	23	the	the	DT
cord-031106-h1h5q9qo	269	24	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	269	25	crisis	crisis	NN
cord-031106-h1h5q9qo	269	26	is	be	VBZ
cord-031106-h1h5q9qo	269	27	to	to	TO
cord-031106-h1h5q9qo	269	28	incentive	incentive	VB
cord-031106-h1h5q9qo	269	29	banks	bank	NNS
cord-031106-h1h5q9qo	269	30	to	to	TO
cord-031106-h1h5q9qo	269	31	engage	engage	VB
cord-031106-h1h5q9qo	269	32	in	in	IN
cord-031106-h1h5q9qo	269	33	evergreening	evergreening	NN
cord-031106-h1h5q9qo	269	34	.	.	.
cord-031106-h1h5q9qo	270	1	In	in	IN
cord-031106-h1h5q9qo	270	2	line	line	NN
cord-031106-h1h5q9qo	270	3	with	with	IN
cord-031106-h1h5q9qo	270	4	this	this	DT
cord-031106-h1h5q9qo	270	5	prescription	prescription	NN
cord-031106-h1h5q9qo	270	6	,	,	,
cord-031106-h1h5q9qo	270	7	many	many	JJ
cord-031106-h1h5q9qo	270	8	governments	government	NNS
cord-031106-h1h5q9qo	270	9	have	have	VBP
cord-031106-h1h5q9qo	270	10	set	set	VBN
cord-031106-h1h5q9qo	270	11	up	up	RP
cord-031106-h1h5q9qo	270	12	credit	credit	NN
cord-031106-h1h5q9qo	270	13	guarantee	guarantee	NN
cord-031106-h1h5q9qo	270	14	schemes	scheme	NNS
cord-031106-h1h5q9qo	270	15	to	to	TO
cord-031106-h1h5q9qo	270	16	foster	foster	VB
cord-031106-h1h5q9qo	270	17	corporate	corporate	JJ
cord-031106-h1h5q9qo	270	18	lending	lending	NN
cord-031106-h1h5q9qo	270	19	during	during	IN
cord-031106-h1h5q9qo	270	20	the	the	DT
cord-031106-h1h5q9qo	270	21	crisis	crisis	NN
cord-031106-h1h5q9qo	270	22	(	(	-LRB-
cord-031106-h1h5q9qo	270	23	OECD	OECD	NNP
cord-031106-h1h5q9qo	270	24	2020	2020	CD
cord-031106-h1h5q9qo	270	25	)	)	-RRB-
cord-031106-h1h5q9qo	270	26	.	.	.
cord-031106-h1h5q9qo	271	1	One	one	CD
cord-031106-h1h5q9qo	271	2	potential	potential	JJ
cord-031106-h1h5q9qo	271	3	side	side	NN
cord-031106-h1h5q9qo	271	4	effect	effect	NN
cord-031106-h1h5q9qo	271	5	of	of	IN
cord-031106-h1h5q9qo	271	6	such	such	JJ
cord-031106-h1h5q9qo	271	7	policy	policy	NN
cord-031106-h1h5q9qo	271	8	is	be	VBZ
cord-031106-h1h5q9qo	271	9	the	the	DT
cord-031106-h1h5q9qo	271	10	increase	increase	NN
cord-031106-h1h5q9qo	271	11	in	in	IN
cord-031106-h1h5q9qo	271	12	zombie	zombie	NN
cord-031106-h1h5q9qo	271	13	lending	lending	NN
cord-031106-h1h5q9qo	271	14	that	that	WDT
cord-031106-h1h5q9qo	271	15	,	,	,
cord-031106-h1h5q9qo	271	16	according	accord	VBG
cord-031106-h1h5q9qo	271	17	to	to	IN
cord-031106-h1h5q9qo	271	18	a	a	DT
cord-031106-h1h5q9qo	271	19	recent	recent	JJ
cord-031106-h1h5q9qo	271	20	literature	literature	NN
cord-031106-h1h5q9qo	271	21	,	,	,
cord-031106-h1h5q9qo	271	22	might	may	MD
cord-031106-h1h5q9qo	271	23	slow	slow	VB
cord-031106-h1h5q9qo	271	24	recovery	recovery	NN
cord-031106-h1h5q9qo	271	25	.	.	.
cord-031106-h1h5q9qo	272	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	272	2	argue	argue	VBP
cord-031106-h1h5q9qo	272	3	that	that	IN
cord-031106-h1h5q9qo	272	4	this	this	DT
cord-031106-h1h5q9qo	272	5	side	side	NN
cord-031106-h1h5q9qo	272	6	effect	effect	NN
cord-031106-h1h5q9qo	272	7	is	be	VBZ
cord-031106-h1h5q9qo	272	8	not	not	RB
cord-031106-h1h5q9qo	272	9	likely	likely	JJ
cord-031106-h1h5q9qo	272	10	to	to	TO
cord-031106-h1h5q9qo	272	11	be	be	VB
cord-031106-h1h5q9qo	272	12	important	important	JJ
cord-031106-h1h5q9qo	272	13	for	for	IN
cord-031106-h1h5q9qo	272	14	the	the	DT
cord-031106-h1h5q9qo	272	15	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	272	16	crisis	crisis	NN
cord-031106-h1h5q9qo	272	17	.	.	.
cord-031106-h1h5q9qo	273	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	273	2	argue	argue	VBP
cord-031106-h1h5q9qo	273	3	that	that	IN
cord-031106-h1h5q9qo	273	4	zombie	zombie	NN
cord-031106-h1h5q9qo	273	5	lending	lending	NN
cord-031106-h1h5q9qo	273	6	is	be	VBZ
cord-031106-h1h5q9qo	273	7	not	not	RB
cord-031106-h1h5q9qo	273	8	likely	likely	JJ
cord-031106-h1h5q9qo	273	9	to	to	TO
cord-031106-h1h5q9qo	273	10	prompt	prompt	VB
cord-031106-h1h5q9qo	273	11	slow	slow	JJ
cord-031106-h1h5q9qo	273	12	recovery	recovery	NN
cord-031106-h1h5q9qo	273	13	in	in	IN
cord-031106-h1h5q9qo	273	14	and	and	CC
cord-031106-h1h5q9qo	273	15	of	of	IN
cord-031106-h1h5q9qo	273	16	itself	-PRON-	PRP
cord-031106-h1h5q9qo	273	17	.	.	.
cord-031106-h1h5q9qo	274	1	First	first	RB
cord-031106-h1h5q9qo	274	2	,	,	,
cord-031106-h1h5q9qo	274	3	using	use	VBG
cord-031106-h1h5q9qo	274	4	data	datum	NNS
cord-031106-h1h5q9qo	274	5	for	for	IN
cord-031106-h1h5q9qo	274	6	Italy	Italy	NNP
cord-031106-h1h5q9qo	274	7	,	,	,
cord-031106-h1h5q9qo	274	8	we	-PRON-	PRP
cord-031106-h1h5q9qo	274	9	show	show	VBP
cord-031106-h1h5q9qo	274	10	that	that	IN
cord-031106-h1h5q9qo	274	11	the	the	DT
cord-031106-h1h5q9qo	274	12	bulk	bulk	NN
cord-031106-h1h5q9qo	274	13	of	of	IN
cord-031106-h1h5q9qo	274	14	liquidity	liquidity	NN
cord-031106-h1h5q9qo	274	15	needs	need	NNS
cord-031106-h1h5q9qo	274	16	during	during	IN
cord-031106-h1h5q9qo	274	17	the	the	DT
cord-031106-h1h5q9qo	274	18	crisis	crisis	NN
cord-031106-h1h5q9qo	274	19	come	come	VBN
cord-031106-h1h5q9qo	274	20	from	from	IN
cord-031106-h1h5q9qo	274	21	firms	firm	NNS
cord-031106-h1h5q9qo	274	22	that	that	WDT
cord-031106-h1h5q9qo	274	23	were	be	VBD
cord-031106-h1h5q9qo	274	24	financially	financially	RB
cord-031106-h1h5q9qo	274	25	sound	sound	JJ
cord-031106-h1h5q9qo	274	26	before	before	IN
cord-031106-h1h5q9qo	274	27	crisis	crisis	NN
cord-031106-h1h5q9qo	274	28	,	,	,
cord-031106-h1h5q9qo	274	29	as	as	IN
cord-031106-h1h5q9qo	274	30	the	the	DT
cord-031106-h1h5q9qo	274	31	shock	shock	NN
cord-031106-h1h5q9qo	274	32	hit	hit	VBD
cord-031106-h1h5q9qo	274	33	firms	firm	NNS
cord-031106-h1h5q9qo	274	34	with	with	IN
cord-031106-h1h5q9qo	274	35	an	an	DT
cord-031106-h1h5q9qo	274	36	intensity	intensity	NN
cord-031106-h1h5q9qo	274	37	that	that	WDT
cord-031106-h1h5q9qo	274	38	was	be	VBD
cord-031106-h1h5q9qo	274	39	independent	independent	JJ
cord-031106-h1h5q9qo	274	40	of	of	IN
cord-031106-h1h5q9qo	274	41	their	-PRON-	PRP$
cord-031106-h1h5q9qo	274	42	financial	financial	JJ
cord-031106-h1h5q9qo	274	43	conditions	condition	NNS
cord-031106-h1h5q9qo	274	44	.	.	.
cord-031106-h1h5q9qo	275	1	Second	second	RB
cord-031106-h1h5q9qo	275	2	,	,	,
cord-031106-h1h5q9qo	275	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	275	4	show	show	VBP
cord-031106-h1h5q9qo	275	5	that	that	IN
cord-031106-h1h5q9qo	275	6	the	the	DT
cord-031106-h1h5q9qo	275	7	framework	framework	NN
cord-031106-h1h5q9qo	275	8	used	use	VBN
cord-031106-h1h5q9qo	275	9	in	in	IN
cord-031106-h1h5q9qo	275	10	the	the	DT
cord-031106-h1h5q9qo	275	11	literature	literature	NN
cord-031106-h1h5q9qo	275	12	to	to	TO
cord-031106-h1h5q9qo	275	13	identify	identify	VB
cord-031106-h1h5q9qo	275	14	the	the	DT
cord-031106-h1h5q9qo	275	15	effects	effect	NNS
cord-031106-h1h5q9qo	275	16	of	of	IN
cord-031106-h1h5q9qo	275	17	zombie	zombie	NN
cord-031106-h1h5q9qo	275	18	lending	lending	NN
cord-031106-h1h5q9qo	275	19	on	on	IN
cord-031106-h1h5q9qo	275	20	the	the	DT
cord-031106-h1h5q9qo	275	21	real	real	JJ
cord-031106-h1h5q9qo	275	22	economy	economy	NN
cord-031106-h1h5q9qo	275	23	suffers	suffer	VBZ
cord-031106-h1h5q9qo	275	24	from	from	IN
cord-031106-h1h5q9qo	275	25	a	a	DT
cord-031106-h1h5q9qo	275	26	serious	serious	JJ
cord-031106-h1h5q9qo	275	27	identification	identification	NN
cord-031106-h1h5q9qo	275	28	problem	problem	NN
cord-031106-h1h5q9qo	275	29	,	,	,
cord-031106-h1h5q9qo	275	30	even	even	RB
cord-031106-h1h5q9qo	275	31	though	though	IN
cord-031106-h1h5q9qo	275	32	the	the	DT
cord-031106-h1h5q9qo	275	33	share	share	NN
cord-031106-h1h5q9qo	275	34	of	of	IN
cord-031106-h1h5q9qo	275	35	zombies	zombie	NNS
cord-031106-h1h5q9qo	275	36	can	can	MD
cord-031106-h1h5q9qo	275	37	be	be	VB
cord-031106-h1h5q9qo	275	38	mechanically	mechanically	RB
cord-031106-h1h5q9qo	275	39	correlated	correlate	VBN
cord-031106-h1h5q9qo	275	40	with	with	IN
cord-031106-h1h5q9qo	275	41	the	the	DT
cord-031106-h1h5q9qo	275	42	relative	relative	JJ
cord-031106-h1h5q9qo	275	43	performance	performance	NN
cord-031106-h1h5q9qo	275	44	of	of	IN
cord-031106-h1h5q9qo	275	45	healthy	healthy	JJ
cord-031106-h1h5q9qo	275	46	firms	firm	NNS
cord-031106-h1h5q9qo	275	47	.	.	.
cord-031106-h1h5q9qo	276	1	As	as	IN
cord-031106-h1h5q9qo	276	2	a	a	DT
cord-031106-h1h5q9qo	276	3	consequence	consequence	NN
cord-031106-h1h5q9qo	276	4	,	,	,
cord-031106-h1h5q9qo	276	5	this	this	DT
cord-031106-h1h5q9qo	276	6	correlation	correlation	NN
cord-031106-h1h5q9qo	276	7	can	can	MD
cord-031106-h1h5q9qo	276	8	not	not	RB
cord-031106-h1h5q9qo	276	9	be	be	VB
cord-031106-h1h5q9qo	276	10	interpreted	interpret	VBN
cord-031106-h1h5q9qo	276	11	in	in	IN
cord-031106-h1h5q9qo	276	12	a	a	DT
cord-031106-h1h5q9qo	276	13	causal	causal	JJ
cord-031106-h1h5q9qo	276	14	sense	sense	NN
cord-031106-h1h5q9qo	276	15	.	.	.
cord-031106-h1h5q9qo	277	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	277	2	believe	believe	VBP
cord-031106-h1h5q9qo	277	3	this	this	DT
cord-031106-h1h5q9qo	277	4	is	be	VBZ
cord-031106-h1h5q9qo	277	5	an	an	DT
cord-031106-h1h5q9qo	277	6	important	important	JJ
cord-031106-h1h5q9qo	277	7	result	result	NN
cord-031106-h1h5q9qo	277	8	,	,	,
cord-031106-h1h5q9qo	277	9	as	as	IN
cord-031106-h1h5q9qo	277	10	it	-PRON-	PRP
cord-031106-h1h5q9qo	277	11	casts	cast	VBZ
cord-031106-h1h5q9qo	277	12	doubts	doubt	NNS
cord-031106-h1h5q9qo	277	13	on	on	IN
cord-031106-h1h5q9qo	277	14	the	the	DT
cord-031106-h1h5q9qo	277	15	policy	policy	NN
cord-031106-h1h5q9qo	277	16	prescription	prescription	NN
cord-031106-h1h5q9qo	277	17	emerging	emerge	VBG
cord-031106-h1h5q9qo	277	18	from	from	IN
cord-031106-h1h5q9qo	277	19	this	this	DT
cord-031106-h1h5q9qo	277	20	literature	literature	NN
cord-031106-h1h5q9qo	277	21	,	,	,
cord-031106-h1h5q9qo	277	22	that	that	IN
cord-031106-h1h5q9qo	277	23	zombie	zombie	NN
cord-031106-h1h5q9qo	277	24	lending	lending	NN
cord-031106-h1h5q9qo	277	25	slows	slow	VBZ
cord-031106-h1h5q9qo	277	26	recovery	recovery	NN
cord-031106-h1h5q9qo	277	27	.	.	.
cord-031106-h1h5q9qo	278	1	These	these	DT
cord-031106-h1h5q9qo	278	2	prescriptions	prescription	NNS
cord-031106-h1h5q9qo	278	3	have	have	VBP
cord-031106-h1h5q9qo	278	4	played	play	VBN
cord-031106-h1h5q9qo	278	5	an	an	DT
cord-031106-h1h5q9qo	278	6	important	important	JJ
cord-031106-h1h5q9qo	278	7	role	role	NN
cord-031106-h1h5q9qo	278	8	in	in	IN
cord-031106-h1h5q9qo	278	9	the	the	DT
cord-031106-h1h5q9qo	278	10	policy	policy	NN
cord-031106-h1h5q9qo	278	11	debate	debate	NN
cord-031106-h1h5q9qo	278	12	following	follow	VBG
cord-031106-h1h5q9qo	278	13	the	the	DT
cord-031106-h1h5q9qo	278	14	financial	financial	JJ
cord-031106-h1h5q9qo	278	15	and	and	CC
cord-031106-h1h5q9qo	278	16	sovereign	sovereign	JJ
cord-031106-h1h5q9qo	278	17	debt	debt	NN
cord-031106-h1h5q9qo	278	18	crisis	crisis	NN
cord-031106-h1h5q9qo	278	19	,	,	,
cord-031106-h1h5q9qo	278	20	and	and	CC
cord-031106-h1h5q9qo	278	21	they	-PRON-	PRP
cord-031106-h1h5q9qo	278	22	may	may	MD
cord-031106-h1h5q9qo	278	23	also	also	RB
cord-031106-h1h5q9qo	278	24	become	become	VB
cord-031106-h1h5q9qo	278	25	relevant	relevant	JJ
cord-031106-h1h5q9qo	278	26	in	in	IN
cord-031106-h1h5q9qo	278	27	addressing	address	VBG
cord-031106-h1h5q9qo	278	28	the	the	DT
cord-031106-h1h5q9qo	278	29	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	278	30	crisis	crisis	NN
cord-031106-h1h5q9qo	278	31	.	.	.
cord-031106-h1h5q9qo	279	1	It	-PRON-	PRP
cord-031106-h1h5q9qo	279	2	is	be	VBZ
cord-031106-h1h5q9qo	279	3	therefore	therefore	RB
cord-031106-h1h5q9qo	279	4	important	important	JJ
cord-031106-h1h5q9qo	279	5	that	that	IN
cord-031106-h1h5q9qo	279	6	they	-PRON-	PRP
cord-031106-h1h5q9qo	279	7	are	be	VBP
cord-031106-h1h5q9qo	279	8	backed	back	VBN
cord-031106-h1h5q9qo	279	9	by	by	IN
cord-031106-h1h5q9qo	279	10	flawless	flawless	JJ
cord-031106-h1h5q9qo	279	11	evidence	evidence	NN
cord-031106-h1h5q9qo	279	12	.	.	.
cord-031106-h1h5q9qo	280	1	Future	future	JJ
cord-031106-h1h5q9qo	280	2	research	research	NN
cord-031106-h1h5q9qo	280	3	should	should	MD
cord-031106-h1h5q9qo	280	4	emphasize	emphasize	VB
cord-031106-h1h5q9qo	280	5	exogenous	exogenous	JJ
cord-031106-h1h5q9qo	280	6	variation	variation	NN
cord-031106-h1h5q9qo	280	7	in	in	IN
cord-031106-h1h5q9qo	280	8	the	the	DT
cord-031106-h1h5q9qo	280	9	number	number	NN
cord-031106-h1h5q9qo	280	10	of	of	IN
cord-031106-h1h5q9qo	280	11	zombie	zombie	NN
cord-031106-h1h5q9qo	280	12	firms	firm	NNS
cord-031106-h1h5q9qo	280	13	to	to	TO
cord-031106-h1h5q9qo	280	14	determine	determine	VB
cord-031106-h1h5q9qo	280	15	whether	whether	IN
cord-031106-h1h5q9qo	280	16	these	these	DT
cord-031106-h1h5q9qo	280	17	prescriptions	prescription	NNS
cord-031106-h1h5q9qo	280	18	are	be	VBP
cord-031106-h1h5q9qo	280	19	correct	correct	JJ
cord-031106-h1h5q9qo	280	20	.	.	.
cord-031106-h1h5q9qo	281	1	All	all	RB
cord-031106-h1h5q9qo	281	2	in	in	RB
cord-031106-h1h5q9qo	281	3	all	all	DT
cord-031106-h1h5q9qo	281	4	,	,	,
cord-031106-h1h5q9qo	281	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	281	6	conclude	conclude	VBP
cord-031106-h1h5q9qo	281	7	that	that	IN
cord-031106-h1h5q9qo	281	8	the	the	DT
cord-031106-h1h5q9qo	281	9	risk	risk	NN
cord-031106-h1h5q9qo	281	10	that	that	IN
cord-031106-h1h5q9qo	281	11	government	government	NN
cord-031106-h1h5q9qo	281	12	credit	credit	NN
cord-031106-h1h5q9qo	281	13	guaranteed	guarantee	VBN
cord-031106-h1h5q9qo	281	14	schemes	scheme	NNS
cord-031106-h1h5q9qo	281	15	incentive	incentive	NN
cord-031106-h1h5q9qo	281	16	zombie	zombie	NN
cord-031106-h1h5q9qo	281	17	lending	lending	NN
cord-031106-h1h5q9qo	281	18	should	should	MD
cord-031106-h1h5q9qo	281	19	not	not	RB
cord-031106-h1h5q9qo	281	20	hold	hold	VB
cord-031106-h1h5q9qo	281	21	back	back	RP
cord-031106-h1h5q9qo	281	22	governments	government	NNS
cord-031106-h1h5q9qo	281	23	and	and	CC
cord-031106-h1h5q9qo	281	24	banks	bank	NNS
cord-031106-h1h5q9qo	281	25	from	from	IN
cord-031106-h1h5q9qo	281	26	providing	provide	VBG
cord-031106-h1h5q9qo	281	27	firms	firm	NNS
cord-031106-h1h5q9qo	281	28	with	with	IN
cord-031106-h1h5q9qo	281	29	credit	credit	NN
cord-031106-h1h5q9qo	281	30	during	during	IN
cord-031106-h1h5q9qo	281	31	the	the	DT
cord-031106-h1h5q9qo	281	32	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	281	33	pandemic	pandemic	NN
cord-031106-h1h5q9qo	281	34	:	:	:
cord-031106-h1h5q9qo	281	35	it	-PRON-	PRP
cord-031106-h1h5q9qo	281	36	is	be	VBZ
cord-031106-h1h5q9qo	281	37	essential	essential	JJ
cord-031106-h1h5q9qo	281	38	to	to	TO
cord-031106-h1h5q9qo	281	39	avoid	avoid	VB
cord-031106-h1h5q9qo	281	40	that	that	IN
cord-031106-h1h5q9qo	281	41	the	the	DT
cord-031106-h1h5q9qo	281	42	liquidity	liquidity	NN
cord-031106-h1h5q9qo	281	43	crisis	crisis	NN
cord-031106-h1h5q9qo	281	44	pushes	push	VBZ
cord-031106-h1h5q9qo	281	45	many	many	JJ
cord-031106-h1h5q9qo	281	46	solvent	solvent	NN
cord-031106-h1h5q9qo	281	47	firms	firm	NNS
cord-031106-h1h5q9qo	281	48	out	out	IN
cord-031106-h1h5q9qo	281	49	of	of	IN
cord-031106-h1h5q9qo	281	50	the	the	DT
cord-031106-h1h5q9qo	281	51	market	market	NN
cord-031106-h1h5q9qo	281	52	.	.	.
cord-031106-h1h5q9qo	282	1	Proof	proof	NN
cord-031106-h1h5q9qo	282	2	.	.	.
cord-031106-h1h5q9qo	283	1	For	for	IN
cord-031106-h1h5q9qo	283	2	ease	ease	NN
cord-031106-h1h5q9qo	283	3	of	of	IN
cord-031106-h1h5q9qo	283	4	notation	notation	NN
cord-031106-h1h5q9qo	283	5	,	,	,
cord-031106-h1h5q9qo	283	6	we	-PRON-	PRP
cord-031106-h1h5q9qo	283	7	replace	replace	VBP
cord-031106-h1h5q9qo	283	8	T	T	NNP
cord-031106-h1h5q9qo	283	9	Z	Z	NNP
cord-031106-h1h5q9qo	283	10	with	with	IN
cord-031106-h1h5q9qo	283	11	c.	c.	NN
cord-031106-h1h5q9qo	284	1	Fix	fix	VB
cord-031106-h1h5q9qo	284	2	c	c	NN
cord-031106-h1h5q9qo	285	1	<	<	XX
cord-031106-h1h5q9qo	285	2	E	E	NNP
cord-031106-h1h5q9qo	285	3	[	[	-LRB-
cord-031106-h1h5q9qo	285	4	X	x	NN
cord-031106-h1h5q9qo	285	5	]	]	-RRB-
cord-031106-h1h5q9qo	285	6	.	.	.
cord-031106-h1h5q9qo	286	1	Without	without	IN
cord-031106-h1h5q9qo	286	2	loss	loss	NN
cord-031106-h1h5q9qo	286	3	of	of	IN
cord-031106-h1h5q9qo	286	4	generality	generality	NN
cord-031106-h1h5q9qo	286	5	,	,	,
cord-031106-h1h5q9qo	286	6	assume	assume	VB
cord-031106-h1h5q9qo	286	7	E[X	E[X	NNP
cord-031106-h1h5q9qo	286	8	]	]	-RRB-
cord-031106-h1h5q9qo	286	9	=	=	SYM
cord-031106-h1h5q9qo	286	10	0	0	NFP
cord-031106-h1h5q9qo	286	11	,	,	,
cord-031106-h1h5q9qo	286	12	otherwise	otherwise	RB
cord-031106-h1h5q9qo	286	13	we	-PRON-	PRP
cord-031106-h1h5q9qo	286	14	consider	consider	VBP
cord-031106-h1h5q9qo	286	15	Y	Y	NNP
cord-031106-h1h5q9qo	286	16	=	=	SYM
cord-031106-h1h5q9qo	286	17	X	X	NNP
cord-031106-h1h5q9qo	286	18	−	−	NNP
cord-031106-h1h5q9qo	286	19	E[X	E[X	NNP
cord-031106-h1h5q9qo	286	20	]	]	-RRB-
cord-031106-h1h5q9qo	286	21	and	and	CC
cord-031106-h1h5q9qo	286	22	f	f	NNP
cord-031106-h1h5q9qo	286	23	Y	Y	NNP
cord-031106-h1h5q9qo	286	24	(	(	-LRB-
cord-031106-h1h5q9qo	286	25	y	y	NN
cord-031106-h1h5q9qo	286	26	)	)	-RRB-
cord-031106-h1h5q9qo	286	27	=	=	NFP
cord-031106-h1h5q9qo	287	1	f	f	LS
cord-031106-h1h5q9qo	287	2	(	(	-LRB-
cord-031106-h1h5q9qo	287	3	E[X	E[X	NNP
cord-031106-h1h5q9qo	287	4	]	]	-RRB-
cord-031106-h1h5q9qo	287	5	+	+	CC
cord-031106-h1h5q9qo	287	6	y	y	NN
cord-031106-h1h5q9qo	287	7	)	)	-RRB-
cord-031106-h1h5q9qo	287	8	.	.	.
cord-031106-h1h5q9qo	288	1	By	by	IN
cord-031106-h1h5q9qo	288	2	ease	ease	NN
cord-031106-h1h5q9qo	288	3	of	of	IN
cord-031106-h1h5q9qo	288	4	notation	notation	NN
cord-031106-h1h5q9qo	288	5	call	call	NN
cord-031106-h1h5q9qo	289	1	:	:	:
cord-031106-h1h5q9qo	289	2	It	-PRON-	PRP
cord-031106-h1h5q9qo	289	3	is	be	VBZ
cord-031106-h1h5q9qo	289	4	easy	easy	JJ
cord-031106-h1h5q9qo	289	5	to	to	TO
cord-031106-h1h5q9qo	289	6	show	show	VB
cord-031106-h1h5q9qo	289	7	that	that	DT
cord-031106-h1h5q9qo	290	1	and	and	CC
cord-031106-h1h5q9qo	290	2	:	:	:
cord-031106-h1h5q9qo	290	3	Where	where	WRB
cord-031106-h1h5q9qo	290	4	F	F	NNP
cord-031106-h1h5q9qo	290	5	is	be	VBZ
cord-031106-h1h5q9qo	290	6	the	the	DT
cord-031106-h1h5q9qo	290	7	cumulative	cumulative	JJ
cord-031106-h1h5q9qo	290	8	distribution	distribution	NN
cord-031106-h1h5q9qo	290	9	function	function	NN
cord-031106-h1h5q9qo	290	10	of	of	IN
cord-031106-h1h5q9qo	290	11	X.	X.	NNP
cord-031106-h1h5q9qo	291	1	Then	then	RB
cord-031106-h1h5q9qo	291	2	our	-PRON-	PRP$
cord-031106-h1h5q9qo	291	3	proof	proof	NN
cord-031106-h1h5q9qo	291	4	becomes	become	VBZ
cord-031106-h1h5q9qo	291	5	to	to	TO
cord-031106-h1h5q9qo	291	6	prove	prove	VB
cord-031106-h1h5q9qo	291	7	that	that	DT
cord-031106-h1h5q9qo	291	8	is	be	VBZ
cord-031106-h1h5q9qo	291	9	strictly	strictly	RB
cord-031106-h1h5q9qo	291	10	decreasing	decrease	VBG
cord-031106-h1h5q9qo	291	11	as	as	IN
cord-031106-h1h5q9qo	291	12	c	c	NN
cord-031106-h1h5q9qo	291	13	<	<	XX
cord-031106-h1h5q9qo	291	14	0	0	NFP
cord-031106-h1h5q9qo	291	15	.	.	.
cord-031106-h1h5q9qo	292	1	Our	-PRON-	PRP$
cord-031106-h1h5q9qo	292	2	proof	proof	NN
cord-031106-h1h5q9qo	292	3	will	will	MD
cord-031106-h1h5q9qo	292	4	rely	rely	VB
cord-031106-h1h5q9qo	292	5	on	on	IN
cord-031106-h1h5q9qo	292	6	three	three	CD
cord-031106-h1h5q9qo	292	7	different	different	JJ
cord-031106-h1h5q9qo	292	8	lemmas	lemma	NNS
cord-031106-h1h5q9qo	292	9	.	.	.
cord-031106-h1h5q9qo	293	1	Lemma	Lemma	NNP
cord-031106-h1h5q9qo	293	2	1	1	CD
cord-031106-h1h5q9qo	293	3	.	.	.
cord-031106-h1h5q9qo	294	1	g	g	NNP
cord-031106-h1h5q9qo	294	2	(	(	-LRB-
cord-031106-h1h5q9qo	294	3	0	0	NFP
cord-031106-h1h5q9qo	294	4	)	)	-RRB-
cord-031106-h1h5q9qo	294	5	=	=	SYM
cord-031106-h1h5q9qo	294	6	0	0	CD
cord-031106-h1h5q9qo	294	7	.	.	.
cord-031106-h1h5q9qo	295	1	Proof	proof	NN
cord-031106-h1h5q9qo	295	2	.	.	.
cord-031106-h1h5q9qo	296	1	Differentiating	differentiate	VBG
cord-031106-h1h5q9qo	296	2	g(c	g(c	NNP
cord-031106-h1h5q9qo	296	3	)	)	-RRB-
cord-031106-h1h5q9qo	296	4	,	,	,
cord-031106-h1h5q9qo	296	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	296	6	obtain	obtain	VBP
cord-031106-h1h5q9qo	296	7	By	by	IN
cord-031106-h1h5q9qo	296	8	symmetry	symmetry	NN
cord-031106-h1h5q9qo	296	9	,	,	,
cord-031106-h1h5q9qo	296	10	F	F	NNP
cord-031106-h1h5q9qo	296	11	(	(	-LRB-
cord-031106-h1h5q9qo	296	12	0	0	NFP
cord-031106-h1h5q9qo	296	13	)	)	-RRB-
cord-031106-h1h5q9qo	296	14	=	=	NFP
cord-031106-h1h5q9qo	297	1	1	1	CD
cord-031106-h1h5q9qo	297	2	2	2	CD
cord-031106-h1h5q9qo	297	3	.	.	.
cord-031106-h1h5q9qo	298	1	Hence	hence	RB
cord-031106-h1h5q9qo	298	2	g	g	NN
cord-031106-h1h5q9qo	298	3	(	(	-LRB-
cord-031106-h1h5q9qo	298	4	0	0	NFP
cord-031106-h1h5q9qo	298	5	)	)	-RRB-
cord-031106-h1h5q9qo	298	6	=	=	SYM
cord-031106-h1h5q9qo	298	7	0	0	CD
cord-031106-h1h5q9qo	298	8	.	.	.
cord-031106-h1h5q9qo	299	1	QED	QED	NNP
cord-031106-h1h5q9qo	299	2	.	.	.
cord-031106-h1h5q9qo	300	1	Proof	proof	NN
cord-031106-h1h5q9qo	300	2	.	.	.
cord-031106-h1h5q9qo	301	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	301	2	have	have	VBP
cord-031106-h1h5q9qo	301	3	that	that	DT
cord-031106-h1h5q9qo	301	4	where	where	WRB
cord-031106-h1h5q9qo	301	5	h(c	h(c	NNP
cord-031106-h1h5q9qo	301	6	)	)	-RRB-
cord-031106-h1h5q9qo	301	7	=	=	NFP
cord-031106-h1h5q9qo	302	1	(	(	-LRB-
cord-031106-h1h5q9qo	302	2	2F	2F	NNP
cord-031106-h1h5q9qo	302	3	(	(	-LRB-
cord-031106-h1h5q9qo	302	4	c	c	NN
cord-031106-h1h5q9qo	302	5	)	)	-RRB-
cord-031106-h1h5q9qo	302	6	−	−	NN
cord-031106-h1h5q9qo	302	7	1	1	CD
cord-031106-h1h5q9qo	302	8	)	)	-RRB-
cord-031106-h1h5q9qo	303	1	M	M	NNP
cord-031106-h1h5q9qo	303	2	(	(	-LRB-
cord-031106-h1h5q9qo	303	3	c	c	NN
cord-031106-h1h5q9qo	303	4	)	)	-RRB-
cord-031106-h1h5q9qo	303	5	−	−	NNP
cord-031106-h1h5q9qo	304	1	cF	cF	NFP
cord-031106-h1h5q9qo	305	1	(	(	-LRB-
cord-031106-h1h5q9qo	305	2	c	c	NN
cord-031106-h1h5q9qo	305	3	)	)	-RRB-
cord-031106-h1h5q9qo	305	4	.	.	.
cord-031106-h1h5q9qo	306	1	Thus	thus	RB
cord-031106-h1h5q9qo	306	2	,	,	,
cord-031106-h1h5q9qo	306	3	g	g	NNP
cord-031106-h1h5q9qo	306	4	(	(	-LRB-
cord-031106-h1h5q9qo	306	5	c	c	NN
cord-031106-h1h5q9qo	306	6	)	)	-RRB-
cord-031106-h1h5q9qo	306	7	<	<	XX
cord-031106-h1h5q9qo	306	8	0	0	NFP
cord-031106-h1h5q9qo	306	9	if	if	IN
cord-031106-h1h5q9qo	306	10	and	and	CC
cord-031106-h1h5q9qo	306	11	only	only	RB
cord-031106-h1h5q9qo	306	12	if	if	IN
cord-031106-h1h5q9qo	306	13	h(c	h(c	NNP
cord-031106-h1h5q9qo	306	14	)	)	-RRB-
cord-031106-h1h5q9qo	307	1	<	<	XX
cord-031106-h1h5q9qo	307	2	0	0	NFP
cord-031106-h1h5q9qo	307	3	.	.	.
cord-031106-h1h5q9qo	308	1	Note	note	VB
cord-031106-h1h5q9qo	308	2	that	that	IN
cord-031106-h1h5q9qo	308	3	h(0	h(0	NNP
cord-031106-h1h5q9qo	308	4	)	)	-RRB-
cord-031106-h1h5q9qo	308	5	=	=	SYM
cord-031106-h1h5q9qo	308	6	0	0	NFP
cord-031106-h1h5q9qo	309	1	by	by	IN
cord-031106-h1h5q9qo	309	2	symmetry	symmetry	NN
cord-031106-h1h5q9qo	309	3	.	.	.
cord-031106-h1h5q9qo	310	1	Next	next	RB
cord-031106-h1h5q9qo	310	2	,	,	,
cord-031106-h1h5q9qo	310	3	differentiate	differentiate	VB
cord-031106-h1h5q9qo	310	4	h(c	h(c	NNP
cord-031106-h1h5q9qo	310	5	)	)	-RRB-
cord-031106-h1h5q9qo	310	6	:	:	:
cord-031106-h1h5q9qo	311	1	Now	now	RB
cord-031106-h1h5q9qo	311	2	consider	consider	VB
cord-031106-h1h5q9qo	311	3	the	the	DT
cord-031106-h1h5q9qo	311	4	point	point	NN
cord-031106-h1h5q9qo	311	5	c	c	NN
cord-031106-h1h5q9qo	311	6	=	=	SYM
cord-031106-h1h5q9qo	311	7	0	0	CD
cord-031106-h1h5q9qo	311	8	.	.	.
cord-031106-h1h5q9qo	312	1	By	by	IN
cord-031106-h1h5q9qo	312	2	symmetry	symmetry	NN
cord-031106-h1h5q9qo	312	3	the	the	DT
cord-031106-h1h5q9qo	312	4	above	above	JJ
cord-031106-h1h5q9qo	312	5	inequality	inequality	NN
cord-031106-h1h5q9qo	312	6	reads	read	VBZ
cord-031106-h1h5q9qo	312	7	:	:	:
cord-031106-h1h5q9qo	313	1	Moreover	moreover	RB
cord-031106-h1h5q9qo	313	2	,	,	,
cord-031106-h1h5q9qo	313	3	also	also	RB
cord-031106-h1h5q9qo	313	4	by	by	IN
cord-031106-h1h5q9qo	313	5	symmetry	symmetry	NN
cord-031106-h1h5q9qo	313	6	,	,	,
cord-031106-h1h5q9qo	313	7	one	one	PRP
cord-031106-h1h5q9qo	313	8	can	can	MD
cord-031106-h1h5q9qo	313	9	show	show	VB
cord-031106-h1h5q9qo	313	10	that	that	IN
cord-031106-h1h5q9qo	313	11	where	where	WRB
cord-031106-h1h5q9qo	313	12	the	the	DT
cord-031106-h1h5q9qo	313	13	second	second	JJ
cord-031106-h1h5q9qo	313	14	equality	equality	NN
cord-031106-h1h5q9qo	313	15	follows	follow	VBZ
cord-031106-h1h5q9qo	313	16	from	from	IN
cord-031106-h1h5q9qo	313	17	substituting	substitute	VBG
cord-031106-h1h5q9qo	313	18	y	y	NNP
cord-031106-h1h5q9qo	313	19	=	=	SYM
cord-031106-h1h5q9qo	313	20	−x	−x	NNP
cord-031106-h1h5q9qo	313	21	and	and	CC
cord-031106-h1h5q9qo	313	22	the	the	DT
cord-031106-h1h5q9qo	313	23	third	third	JJ
cord-031106-h1h5q9qo	313	24	is	be	VBZ
cord-031106-h1h5q9qo	313	25	true	true	JJ
cord-031106-h1h5q9qo	313	26	thanks	thank	NNS
cord-031106-h1h5q9qo	313	27	to	to	IN
cord-031106-h1h5q9qo	313	28	the	the	DT
cord-031106-h1h5q9qo	313	29	symmetry	symmetry	NN
cord-031106-h1h5q9qo	313	30	of	of	IN
cord-031106-h1h5q9qo	313	31	f	f	NNP
cord-031106-h1h5q9qo	313	32	(	(	-LRB-
cord-031106-h1h5q9qo	313	33	x	x	NN
cord-031106-h1h5q9qo	313	34	)	)	-RRB-
cord-031106-h1h5q9qo	313	35	.	.	.
cord-031106-h1h5q9qo	314	1	Hence	hence	RB
cord-031106-h1h5q9qo	314	2	,	,	,
cord-031106-h1h5q9qo	314	3	(	(	-LRB-
cord-031106-h1h5q9qo	314	4	7	7	CD
cord-031106-h1h5q9qo	314	5	)	)	-RRB-
cord-031106-h1h5q9qo	314	6	and	and	CC
cord-031106-h1h5q9qo	314	7	(	(	-LRB-
cord-031106-h1h5q9qo	314	8	6	6	LS
cord-031106-h1h5q9qo	314	9	)	)	-RRB-
cord-031106-h1h5q9qo	314	10	can	can	MD
cord-031106-h1h5q9qo	314	11	be	be	VB
cord-031106-h1h5q9qo	314	12	written	write	VBN
cord-031106-h1h5q9qo	314	13	as	as	IN
cord-031106-h1h5q9qo	314	14	:	:	:
cord-031106-h1h5q9qo	314	15	(	(	-LRB-
cord-031106-h1h5q9qo	314	16	0	0	NFP
cord-031106-h1h5q9qo	314	17	)	)	-RRB-
cord-031106-h1h5q9qo	314	18	which	which	WDT
cord-031106-h1h5q9qo	314	19	holds	hold	VBZ
cord-031106-h1h5q9qo	314	20	by	by	IN
cord-031106-h1h5q9qo	314	21	assumption	assumption	NN
cord-031106-h1h5q9qo	314	22	4	4	CD
cord-031106-h1h5q9qo	314	23	.	.	.
cord-031106-h1h5q9qo	315	1	We	-PRON-	PRP
cord-031106-h1h5q9qo	315	2	have	have	VBP
cord-031106-h1h5q9qo	315	3	shown	show	VBN
cord-031106-h1h5q9qo	315	4	that	that	IN
cord-031106-h1h5q9qo	315	5	h(0	h(0	NNP
cord-031106-h1h5q9qo	315	6	)	)	-RRB-
cord-031106-h1h5q9qo	315	7	=	=	SYM
cord-031106-h1h5q9qo	315	8	0	0	NFP
cord-031106-h1h5q9qo	316	1	and	and	CC
cord-031106-h1h5q9qo	316	2	h	h	NNP
cord-031106-h1h5q9qo	316	3	(	(	-LRB-
cord-031106-h1h5q9qo	316	4	0	0	NFP
cord-031106-h1h5q9qo	316	5	)	)	-RRB-
cord-031106-h1h5q9qo	316	6	>	>	XX
cord-031106-h1h5q9qo	316	7	0	0	NFP
cord-031106-h1h5q9qo	316	8	.	.	.
cord-031106-h1h5q9qo	317	1	Since	since	IN
cord-031106-h1h5q9qo	317	2	h(c	h(c	NNP
cord-031106-h1h5q9qo	317	3	)	)	-RRB-
cord-031106-h1h5q9qo	317	4	is	be	VBZ
cord-031106-h1h5q9qo	317	5	continuously	continuously	RB
cord-031106-h1h5q9qo	317	6	differentiable	differentiable	JJ
cord-031106-h1h5q9qo	317	7	,	,	,
cord-031106-h1h5q9qo	317	8	this	this	DT
cord-031106-h1h5q9qo	317	9	means	mean	VBZ
cord-031106-h1h5q9qo	317	10	that	that	IN
cord-031106-h1h5q9qo	317	11	h(c	h(c	NNP
cord-031106-h1h5q9qo	317	12	)	)	-RRB-
cord-031106-h1h5q9qo	317	13	<	<	XX
cord-031106-h1h5q9qo	317	14	0	0	NFP
cord-031106-h1h5q9qo	317	15	in	in	IN
cord-031106-h1h5q9qo	317	16	a	a	DT
cord-031106-h1h5q9qo	317	17	left	left	JJ
cord-031106-h1h5q9qo	317	18	-	-	HYPH
cord-031106-h1h5q9qo	317	19	neighbourhood	neighbourhood	NN
cord-031106-h1h5q9qo	317	20	of	of	IN
cord-031106-h1h5q9qo	317	21	0	0	CD
cord-031106-h1h5q9qo	317	22	and	and	CC
cord-031106-h1h5q9qo	317	23	h(c	h(c	NNP
cord-031106-h1h5q9qo	317	24	)	)	-RRB-
cord-031106-h1h5q9qo	318	1	>	>	XX
cord-031106-h1h5q9qo	319	1	0	0	NFP
cord-031106-h1h5q9qo	319	2	in	in	IN
cord-031106-h1h5q9qo	319	3	a	a	DT
cord-031106-h1h5q9qo	319	4	right	right	JJ
cord-031106-h1h5q9qo	319	5	-	-	HYPH
cord-031106-h1h5q9qo	319	6	neighborhood	neighborhood	NN
cord-031106-h1h5q9qo	319	7	of	of	IN
cord-031106-h1h5q9qo	319	8	0	0	CD
cord-031106-h1h5q9qo	319	9	.	.	.
cord-031106-h1h5q9qo	320	1	As	as	IN
cord-031106-h1h5q9qo	320	2	as	as	IN
cord-031106-h1h5q9qo	320	3	a	a	DT
cord-031106-h1h5q9qo	320	4	consequence	consequence	NN
cord-031106-h1h5q9qo	320	5	,	,	,
cord-031106-h1h5q9qo	320	6	g	g	NN
cord-031106-h1h5q9qo	320	7	(	(	-LRB-
cord-031106-h1h5q9qo	320	8	c	c	NN
cord-031106-h1h5q9qo	320	9	)	)	-RRB-
cord-031106-h1h5q9qo	320	10	<	<	XX
cord-031106-h1h5q9qo	320	11	0	0	NFP
cord-031106-h1h5q9qo	320	12	and	and	CC
cord-031106-h1h5q9qo	320	13	g	g	NN
cord-031106-h1h5q9qo	320	14	(	(	-LRB-
cord-031106-h1h5q9qo	320	15	c	c	NN
cord-031106-h1h5q9qo	320	16	)	)	-RRB-
cord-031106-h1h5q9qo	320	17	>	>	NFP
cord-031106-h1h5q9qo	320	18	0	0	CD
cord-031106-h1h5q9qo	320	19	in	in	IN
cord-031106-h1h5q9qo	320	20	a	a	DT
cord-031106-h1h5q9qo	320	21	left	left	JJ
cord-031106-h1h5q9qo	320	22	-	-	HYPH
cord-031106-h1h5q9qo	320	23	neighbourhood	neighbourhood	NN
cord-031106-h1h5q9qo	320	24	and	and	CC
cord-031106-h1h5q9qo	320	25	rightneighborhood	rightneighborhood	NN
cord-031106-h1h5q9qo	320	26	of	of	IN
cord-031106-h1h5q9qo	320	27	0	0	CD
cord-031106-h1h5q9qo	320	28	respectively	respectively	RB
cord-031106-h1h5q9qo	320	29	.	.	.
cord-031106-h1h5q9qo	321	1	QED	QED	NNP
cord-031106-h1h5q9qo	321	2	Lemma	Lemma	NNP
cord-031106-h1h5q9qo	321	3	3	3	CD
cord-031106-h1h5q9qo	321	4	.	.	.
cord-031106-h1h5q9qo	322	1	Suppose	suppose	VB
cord-031106-h1h5q9qo	322	2	that	that	IN
cord-031106-h1h5q9qo	322	3	there	there	EX
cord-031106-h1h5q9qo	322	4	exists	exist	VBZ
cord-031106-h1h5q9qo	322	5	c	c	NN
cord-031106-h1h5q9qo	322	6	*	*	NFP
cord-031106-h1h5q9qo	322	7	<	<	XX
cord-031106-h1h5q9qo	322	8	0	0	NFP
cord-031106-h1h5q9qo	322	9	such	such	JJ
cord-031106-h1h5q9qo	322	10	that	that	IN
cord-031106-h1h5q9qo	322	11	g	g	NN
cord-031106-h1h5q9qo	322	12	(	(	-LRB-
cord-031106-h1h5q9qo	322	13	c	c	NNP
cord-031106-h1h5q9qo	322	14	*	*	NFP
cord-031106-h1h5q9qo	322	15	)	)	-RRB-
cord-031106-h1h5q9qo	322	16	=	=	SYM
cord-031106-h1h5q9qo	322	17	0	0	CD
cord-031106-h1h5q9qo	322	18	.	.	.
cord-031106-h1h5q9qo	323	1	Then	then	RB
cord-031106-h1h5q9qo	323	2	g	g	NNP
cord-031106-h1h5q9qo	323	3	(	(	-LRB-
cord-031106-h1h5q9qo	323	4	c	c	NNP
cord-031106-h1h5q9qo	323	5	*	*	NFP
cord-031106-h1h5q9qo	323	6	)	)	-RRB-
cord-031106-h1h5q9qo	323	7	<	<	XX
cord-031106-h1h5q9qo	323	8	0	0	NFP
cord-031106-h1h5q9qo	323	9	.	.	.
cord-031106-h1h5q9qo	324	1	Proof	proof	NN
cord-031106-h1h5q9qo	324	2	.	.	.
cord-031106-h1h5q9qo	325	1	Suppose	suppose	VB
cord-031106-h1h5q9qo	325	2	that	that	IN
cord-031106-h1h5q9qo	325	3	there	there	EX
cord-031106-h1h5q9qo	325	4	exists	exist	VBZ
cord-031106-h1h5q9qo	325	5	c	c	NN
cord-031106-h1h5q9qo	325	6	*	*	NFP
cord-031106-h1h5q9qo	325	7	<	<	XX
cord-031106-h1h5q9qo	325	8	0	0	NFP
cord-031106-h1h5q9qo	326	1	such	such	JJ
cord-031106-h1h5q9qo	326	2	that	that	IN
cord-031106-h1h5q9qo	326	3	g	g	NN
cord-031106-h1h5q9qo	326	4	(	(	-LRB-
cord-031106-h1h5q9qo	326	5	c	c	NNP
cord-031106-h1h5q9qo	326	6	*	*	NFP
cord-031106-h1h5q9qo	326	7	)	)	-RRB-
cord-031106-h1h5q9qo	326	8	=	=	SYM
cord-031106-h1h5q9qo	326	9	0	0	CD
cord-031106-h1h5q9qo	326	10	.	.	.
cord-031106-h1h5q9qo	327	1	By	by	IN
cord-031106-h1h5q9qo	327	2	(	(	-LRB-
cord-031106-h1h5q9qo	327	3	5	5	CD
cord-031106-h1h5q9qo	327	4	)	)	-RRB-
cord-031106-h1h5q9qo	327	5	:	:	:
cord-031106-h1h5q9qo	327	6	which	which	WDT
cord-031106-h1h5q9qo	327	7	can	can	MD
cord-031106-h1h5q9qo	327	8	be	be	VB
cord-031106-h1h5q9qo	327	9	rewritten	rewrite	VBN
cord-031106-h1h5q9qo	327	10	as	as	IN
cord-031106-h1h5q9qo	327	11	:	:	:
cord-031106-h1h5q9qo	327	12	Then	then	RB
cord-031106-h1h5q9qo	327	13	replacing	replace	VBG
cord-031106-h1h5q9qo	327	14	M	M	NNP
cord-031106-h1h5q9qo	327	15	(	(	-LRB-
cord-031106-h1h5q9qo	327	16	c	c	NNP
cord-031106-h1h5q9qo	327	17	*	*	NFP
cord-031106-h1h5q9qo	327	18	)	)	-RRB-
cord-031106-h1h5q9qo	327	19	with	with	IN
cord-031106-h1h5q9qo	327	20	the	the	DT
cord-031106-h1h5q9qo	327	21	RHS	RHS	NNP
cord-031106-h1h5q9qo	327	22	of	of	IN
cord-031106-h1h5q9qo	327	23	(	(	-LRB-
cord-031106-h1h5q9qo	327	24	9	9	CD
cord-031106-h1h5q9qo	327	25	)	)	-RRB-
cord-031106-h1h5q9qo	327	26	into	into	IN
cord-031106-h1h5q9qo	327	27	(	(	-LRB-
cord-031106-h1h5q9qo	327	28	6	6	CD
cord-031106-h1h5q9qo	327	29	)	)	-RRB-
cord-031106-h1h5q9qo	327	30	,	,	,
cord-031106-h1h5q9qo	327	31	we	-PRON-	PRP
cord-031106-h1h5q9qo	327	32	obtain	obtain	VBP
cord-031106-h1h5q9qo	327	33	:	:	:
cord-031106-h1h5q9qo	327	34	where	where	WRB
cord-031106-h1h5q9qo	327	35	the	the	DT
cord-031106-h1h5q9qo	327	36	sign	sign	NN
cord-031106-h1h5q9qo	327	37	of	of	IN
cord-031106-h1h5q9qo	327	38	the	the	DT
cord-031106-h1h5q9qo	327	39	inequality	inequality	NN
cord-031106-h1h5q9qo	327	40	has	have	VBZ
cord-031106-h1h5q9qo	327	41	been	be	VBN
cord-031106-h1h5q9qo	327	42	changed	change	VBN
cord-031106-h1h5q9qo	327	43	since	since	IN
cord-031106-h1h5q9qo	327	44	2F	2F	NNP
cord-031106-h1h5q9qo	327	45	(	(	-LRB-
cord-031106-h1h5q9qo	327	46	c	c	NNP
cord-031106-h1h5q9qo	327	47	*	*	NFP
cord-031106-h1h5q9qo	327	48	)	)	-RRB-
cord-031106-h1h5q9qo	327	49	−	−	NNP
cord-031106-h1h5q9qo	328	1	1	1	LS
cord-031106-h1h5q9qo	328	2	<	<	XX
cord-031106-h1h5q9qo	328	3	0	0	CD
cord-031106-h1h5q9qo	329	1	This	this	DT
cord-031106-h1h5q9qo	329	2	follows	follow	VBZ
cord-031106-h1h5q9qo	329	3	from	from	IN
cord-031106-h1h5q9qo	329	4	symmetry	symmetry	NN
cord-031106-h1h5q9qo	329	5	,	,	,
cord-031106-h1h5q9qo	329	6	given	give	VBN
cord-031106-h1h5q9qo	329	7	that	that	DT
cord-031106-h1h5q9qo	329	8	c	c	NN
cord-031106-h1h5q9qo	329	9	*	*	NFP
cord-031106-h1h5q9qo	329	10	<	<	XX
cord-031106-h1h5q9qo	329	11	0	0	CD
cord-031106-h1h5q9qo	329	12	⇒	⇒	NN
cord-031106-h1h5q9qo	329	13	F	F	NNP
cord-031106-h1h5q9qo	329	14	(	(	-LRB-
cord-031106-h1h5q9qo	329	15	c	c	NNP
cord-031106-h1h5q9qo	329	16	*	*	NFP
cord-031106-h1h5q9qo	329	17	)	)	-RRB-
cord-031106-h1h5q9qo	330	1	<	<	NNP
cord-031106-h1h5q9qo	330	2	1	1	CD
cord-031106-h1h5q9qo	330	3	2	2	CD
cord-031106-h1h5q9qo	331	1	So	so	RB
cord-031106-h1h5q9qo	331	2	,	,	,
cord-031106-h1h5q9qo	331	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	331	4	have	have	VBP
cord-031106-h1h5q9qo	331	5	shown	show	VBN
cord-031106-h1h5q9qo	331	6	that	that	IN
cord-031106-h1h5q9qo	331	7	h	h	NN
cord-031106-h1h5q9qo	331	8	(	(	-LRB-
cord-031106-h1h5q9qo	331	9	c	c	NNP
cord-031106-h1h5q9qo	331	10	*	*	NFP
cord-031106-h1h5q9qo	331	11	)	)	-RRB-
cord-031106-h1h5q9qo	331	12	>	>	XX
cord-031106-h1h5q9qo	331	13	0	0	NFP
cord-031106-h1h5q9qo	332	1	if	if	IN
cord-031106-h1h5q9qo	332	2	and	and	CC
cord-031106-h1h5q9qo	332	3	only	only	RB
cord-031106-h1h5q9qo	332	4	if	if	IN
cord-031106-h1h5q9qo	332	5	:	:	:
cord-031106-h1h5q9qo	332	6	p(c	p(c	CD
cord-031106-h1h5q9qo	332	7	*	*	NFP
cord-031106-h1h5q9qo	332	8	)	)	-RRB-
cord-031106-h1h5q9qo	332	9	=	=	NFP
cord-031106-h1h5q9qo	333	1	2c	2c	NNP
cord-031106-h1h5q9qo	333	2	*	*	NFP
cord-031106-h1h5q9qo	334	1	f	f	LS
cord-031106-h1h5q9qo	334	2	(	(	-LRB-
cord-031106-h1h5q9qo	334	3	c	c	NNP
cord-031106-h1h5q9qo	334	4	*	*	NFP
cord-031106-h1h5q9qo	334	5	)	)	-RRB-
cord-031106-h1h5q9qo	334	6	−	−	NNP
cord-031106-h1h5q9qo	335	1	2F	2F	NNP
cord-031106-h1h5q9qo	335	2	(	(	-LRB-
cord-031106-h1h5q9qo	336	1	c	c	LS
cord-031106-h1h5q9qo	336	2	*	*	NFP
cord-031106-h1h5q9qo	336	3	)	)	-RRB-
cord-031106-h1h5q9qo	336	4	+	+	CC
cord-031106-h1h5q9qo	337	1	1	1	LS
cord-031106-h1h5q9qo	337	2	<	<	XX
cord-031106-h1h5q9qo	337	3	0	0	NFP
cord-031106-h1h5q9qo	337	4	Consider	consider	VB
cord-031106-h1h5q9qo	337	5	the	the	DT
cord-031106-h1h5q9qo	337	6	function	function	NN
cord-031106-h1h5q9qo	337	7	p(c	p(c	NNP
cord-031106-h1h5q9qo	337	8	)	)	-RRB-
cord-031106-h1h5q9qo	337	9	with	with	IN
cord-031106-h1h5q9qo	337	10	c	c	NN
cord-031106-h1h5q9qo	337	11	≤	≤	NN
cord-031106-h1h5q9qo	337	12	0	0	CD
cord-031106-h1h5q9qo	337	13	.	.	.
cord-031106-h1h5q9qo	338	1	Then	then	RB
cord-031106-h1h5q9qo	338	2	:	:	:
cord-031106-h1h5q9qo	338	3	(	(	-LRB-
cord-031106-h1h5q9qo	338	4	i	i	NN
cord-031106-h1h5q9qo	338	5	)	)	-RRB-
cord-031106-h1h5q9qo	338	6	p(0	p(0	.
cord-031106-h1h5q9qo	339	1	)	)	-RRB-
cord-031106-h1h5q9qo	339	2	=	=	SYM
cord-031106-h1h5q9qo	339	3	0	0	NFP
cord-031106-h1h5q9qo	340	1	;	;	:
cord-031106-h1h5q9qo	340	2	(	(	-LRB-
cord-031106-h1h5q9qo	340	3	ii	ii	NN
cord-031106-h1h5q9qo	340	4	)	)	-RRB-
cord-031106-h1h5q9qo	340	5	p	p	NN
cord-031106-h1h5q9qo	340	6	(	(	-LRB-
cord-031106-h1h5q9qo	340	7	c	c	NN
cord-031106-h1h5q9qo	340	8	)	)	-RRB-
cord-031106-h1h5q9qo	340	9	=	=	NFP
cord-031106-h1h5q9qo	341	1	2cf	2cf	NNP
cord-031106-h1h5q9qo	342	1	(	(	-LRB-
cord-031106-h1h5q9qo	342	2	c	c	NN
cord-031106-h1h5q9qo	342	3	)	)	-RRB-
cord-031106-h1h5q9qo	342	4	<	<	XX
cord-031106-h1h5q9qo	342	5	0	0	NFP
cord-031106-h1h5q9qo	342	6	if	if	IN
cord-031106-h1h5q9qo	342	7	c	c	NN
cord-031106-h1h5q9qo	342	8	<	<	XX
cord-031106-h1h5q9qo	342	9	0	0	NFP
cord-031106-h1h5q9qo	342	10	by	by	IN
cord-031106-h1h5q9qo	342	11	assumption	assumption	NN
cord-031106-h1h5q9qo	342	12	3	3	CD
cord-031106-h1h5q9qo	342	13	.	.	.
cord-031106-h1h5q9qo	343	1	Since	since	IN
cord-031106-h1h5q9qo	343	2	c	c	NN
cord-031106-h1h5q9qo	343	3	*	*	NFP
cord-031106-h1h5q9qo	343	4	<	<	XX
cord-031106-h1h5q9qo	343	5	0	0	NFP
cord-031106-h1h5q9qo	343	6	and	and	CC
cord-031106-h1h5q9qo	343	7	p(c	p(c	NNP
cord-031106-h1h5q9qo	343	8	)	)	-RRB-
cord-031106-h1h5q9qo	343	9	is	be	VBZ
cord-031106-h1h5q9qo	343	10	continuously	continuously	RB
cord-031106-h1h5q9qo	343	11	differentiable	differentiable	JJ
cord-031106-h1h5q9qo	343	12	,	,	,
cord-031106-h1h5q9qo	343	13	(	(	-LRB-
cord-031106-h1h5q9qo	343	14	i	i	NN
cord-031106-h1h5q9qo	343	15	)	)	-RRB-
cord-031106-h1h5q9qo	343	16	and	and	CC
cord-031106-h1h5q9qo	343	17	(	(	-LRB-
cord-031106-h1h5q9qo	343	18	ii	ii	NN
cord-031106-h1h5q9qo	343	19	)	)	-RRB-
cord-031106-h1h5q9qo	343	20	imply	imply	VBP
cord-031106-h1h5q9qo	343	21	p(c	p(c	CD
cord-031106-h1h5q9qo	343	22	*	*	NFP
cord-031106-h1h5q9qo	343	23	)	)	-RRB-
cord-031106-h1h5q9qo	344	1	>	>	XX
cord-031106-h1h5q9qo	345	1	0	0	NFP
cord-031106-h1h5q9qo	345	2	.	.	.
cord-031106-h1h5q9qo	346	1	Now	now	RB
cord-031106-h1h5q9qo	346	2	we	-PRON-	PRP
cord-031106-h1h5q9qo	346	3	want	want	VBP
cord-031106-h1h5q9qo	346	4	to	to	TO
cord-031106-h1h5q9qo	346	5	evaluate	evaluate	VB
cord-031106-h1h5q9qo	346	6	g	g	NN
cord-031106-h1h5q9qo	346	7	(	(	-LRB-
cord-031106-h1h5q9qo	346	8	c	c	NN
cord-031106-h1h5q9qo	346	9	)	)	-RRB-
cord-031106-h1h5q9qo	346	10	.	.	.
cord-031106-h1h5q9qo	347	1	Note	note	VB
cord-031106-h1h5q9qo	347	2	first	first	RB
cord-031106-h1h5q9qo	347	3	of	of	IN
cord-031106-h1h5q9qo	347	4	all	all	DT
cord-031106-h1h5q9qo	347	5	that	that	DT
cord-031106-h1h5q9qo	347	6	,	,	,
cord-031106-h1h5q9qo	347	7	by	by	IN
cord-031106-h1h5q9qo	347	8	(	(	-LRB-
cord-031106-h1h5q9qo	347	9	5	5	CD
cord-031106-h1h5q9qo	347	10	)	)	-RRB-
cord-031106-h1h5q9qo	347	11	,	,	,
cord-031106-h1h5q9qo	347	12	g	g	NNP
cord-031106-h1h5q9qo	347	13	(	(	-LRB-
cord-031106-h1h5q9qo	347	14	c	c	NN
cord-031106-h1h5q9qo	347	15	)	)	-RRB-
cord-031106-h1h5q9qo	347	16	can	can	MD
cord-031106-h1h5q9qo	347	17	be	be	VB
cord-031106-h1h5q9qo	347	18	written	write	VBN
cord-031106-h1h5q9qo	347	19	as	as	IN
cord-031106-h1h5q9qo	347	20	:	:	:
cord-031106-h1h5q9qo	347	21	Differentiating	differentiate	VBG
cord-031106-h1h5q9qo	347	22	w.r	w.r	NNP
cord-031106-h1h5q9qo	347	23	.	.	NNP
cord-031106-h1h5q9qo	347	24	to	to	IN
cord-031106-h1h5q9qo	347	25	c	c	NN
cord-031106-h1h5q9qo	347	26	:	:	:
cord-031106-h1h5q9qo	347	27	 	 	_SP
cord-031106-h1h5q9qo	348	1	Now	now	RB
cord-031106-h1h5q9qo	348	2	we	-PRON-	PRP
cord-031106-h1h5q9qo	348	3	can	can	MD
cord-031106-h1h5q9qo	348	4	recognize	recognize	VB
cord-031106-h1h5q9qo	348	5	that	that	IN
cord-031106-h1h5q9qo	348	6	h(c	h(c	NNP
cord-031106-h1h5q9qo	348	7	*	*	NFP
cord-031106-h1h5q9qo	348	8	)	)	-RRB-
cord-031106-h1h5q9qo	348	9	=	=	SYM
cord-031106-h1h5q9qo	348	10	0	0	CD
cord-031106-h1h5q9qo	348	11	,	,	,
cord-031106-h1h5q9qo	348	12	given	give	VBN
cord-031106-h1h5q9qo	348	13	that	that	IN
cord-031106-h1h5q9qo	348	14	g	g	NN
cord-031106-h1h5q9qo	348	15	(	(	-LRB-
cord-031106-h1h5q9qo	348	16	c	c	NNP
cord-031106-h1h5q9qo	348	17	*	*	NFP
cord-031106-h1h5q9qo	348	18	)	)	-RRB-
cord-031106-h1h5q9qo	348	19	=	=	SYM
cord-031106-h1h5q9qo	348	20	0	0	CD
cord-031106-h1h5q9qo	348	21	by	by	IN
cord-031106-h1h5q9qo	348	22	assumption	assumption	NN
cord-031106-h1h5q9qo	348	23	.	.	.
cord-031106-h1h5q9qo	349	1	As	as	IN
cord-031106-h1h5q9qo	349	2	a	a	DT
cord-031106-h1h5q9qo	349	3	consequence	consequence	NN
cord-031106-h1h5q9qo	349	4	N	n	NN
cord-031106-h1h5q9qo	349	5	(	(	-LRB-
cord-031106-h1h5q9qo	349	6	c	c	NN
cord-031106-h1h5q9qo	349	7	*	*	NFP
cord-031106-h1h5q9qo	349	8	)	)	-RRB-
cord-031106-h1h5q9qo	349	9	=	=	SYM
cord-031106-h1h5q9qo	349	10	0	0	NFP
cord-031106-h1h5q9qo	349	11	and	and	CC
cord-031106-h1h5q9qo	349	12	hence	hence	RB
cord-031106-h1h5q9qo	349	13	D	D	NNP
cord-031106-h1h5q9qo	349	14	(	(	-LRB-
cord-031106-h1h5q9qo	349	15	c	c	NN
cord-031106-h1h5q9qo	349	16	*	*	NFP
cord-031106-h1h5q9qo	349	17	)	)	-RRB-
cord-031106-h1h5q9qo	349	18	N	N	NNP
cord-031106-h1h5q9qo	349	19	(	(	-LRB-
cord-031106-h1h5q9qo	349	20	c	c	NNP
cord-031106-h1h5q9qo	349	21	*	*	NFP
cord-031106-h1h5q9qo	349	22	)	)	-RRB-
cord-031106-h1h5q9qo	349	23	=	=	SYM
cord-031106-h1h5q9qo	349	24	0	0	NFP
cord-031106-h1h5q9qo	350	1	Thus	thus	RB
cord-031106-h1h5q9qo	350	2	,	,	,
cord-031106-h1h5q9qo	350	3	we	-PRON-	PRP
cord-031106-h1h5q9qo	350	4	have	have	VBP
cord-031106-h1h5q9qo	350	5	where	where	WRB
cord-031106-h1h5q9qo	350	6	both	both	DT
cord-031106-h1h5q9qo	350	7	equalities	equality	NNS
cord-031106-h1h5q9qo	350	8	follow	follow	VBP
cord-031106-h1h5q9qo	350	9	from	from	IN
cord-031106-h1h5q9qo	350	10	h(c	h(c	NNP
cord-031106-h1h5q9qo	350	11	*	*	NFP
cord-031106-h1h5q9qo	350	12	)	)	-RRB-
cord-031106-h1h5q9qo	350	13	=	=	SYM
cord-031106-h1h5q9qo	350	14	0	0	CD
cord-031106-h1h5q9qo	350	15	.	.	.
cord-031106-h1h5q9qo	351	1	Since	since	IN
cord-031106-h1h5q9qo	351	2	h	h	NNP
cord-031106-h1h5q9qo	351	3	(	(	-LRB-
cord-031106-h1h5q9qo	351	4	c	c	NN
cord-031106-h1h5q9qo	351	5	*	*	NFP
cord-031106-h1h5q9qo	351	6	)	)	-RRB-
cord-031106-h1h5q9qo	351	7	<	<	XX
cord-031106-h1h5q9qo	351	8	0	0	NFP
cord-031106-h1h5q9qo	351	9	,	,	,
cord-031106-h1h5q9qo	351	10	we	-PRON-	PRP
cord-031106-h1h5q9qo	351	11	thus	thus	RB
cord-031106-h1h5q9qo	351	12	have	have	VBP
cord-031106-h1h5q9qo	351	13	g	g	NN
cord-031106-h1h5q9qo	351	14	(	(	-LRB-
cord-031106-h1h5q9qo	351	15	c	c	NN
cord-031106-h1h5q9qo	351	16	*	*	NFP
cord-031106-h1h5q9qo	351	17	)	)	-RRB-
cord-031106-h1h5q9qo	351	18	<	<	XX
cord-031106-h1h5q9qo	351	19	0	0	NFP
cord-031106-h1h5q9qo	351	20	.	.	.
cord-031106-h1h5q9qo	352	1	QED	QED	NNP
cord-031106-h1h5q9qo	353	1	Now	now	RB
cord-031106-h1h5q9qo	353	2	we	-PRON-	PRP
cord-031106-h1h5q9qo	353	3	complete	complete	VBP
cord-031106-h1h5q9qo	353	4	the	the	DT
cord-031106-h1h5q9qo	353	5	proof	proof	NN
cord-031106-h1h5q9qo	353	6	of	of	IN
cord-031106-h1h5q9qo	353	7	the	the	DT
cord-031106-h1h5q9qo	353	8	Proposition	Proposition	NNP
cord-031106-h1h5q9qo	353	9	by	by	IN
cord-031106-h1h5q9qo	353	10	contraddiction	contraddiction	NN
cord-031106-h1h5q9qo	353	11	.	.	.
cord-031106-h1h5q9qo	354	1	By	by	IN
cord-031106-h1h5q9qo	354	2	Lemmas	Lemmas	NNP
cord-031106-h1h5q9qo	354	3	1	1	CD
cord-031106-h1h5q9qo	354	4	and	and	CC
cord-031106-h1h5q9qo	354	5	2	2	CD
cord-031106-h1h5q9qo	354	6	,	,	,
cord-031106-h1h5q9qo	354	7	c	c	NN
cord-031106-h1h5q9qo	354	8	=	=	SYM
cord-031106-h1h5q9qo	354	9	0	0	NFP
cord-031106-h1h5q9qo	354	10	is	be	VBZ
cord-031106-h1h5q9qo	354	11	a	a	DT
cord-031106-h1h5q9qo	354	12	point	point	NN
cord-031106-h1h5q9qo	354	13	of	of	IN
cord-031106-h1h5q9qo	354	14	local	local	JJ
cord-031106-h1h5q9qo	354	15	minimum	minimum	NN
cord-031106-h1h5q9qo	354	16	of	of	IN
cord-031106-h1h5q9qo	354	17	g(c	g(c	NNP
cord-031106-h1h5q9qo	354	18	)	)	-RRB-
cord-031106-h1h5q9qo	354	19	.	.	.
cord-031106-h1h5q9qo	355	1	By	by	IN
cord-031106-h1h5q9qo	355	2	Lemma	Lemma	NNP
cord-031106-h1h5q9qo	355	3	3	3	CD
cord-031106-h1h5q9qo	355	4	,	,	,
cord-031106-h1h5q9qo	355	5	any	any	DT
cord-031106-h1h5q9qo	355	6	point	point	NN
cord-031106-h1h5q9qo	355	7	c	c	NN
cord-031106-h1h5q9qo	355	8	*	*	NFP
cord-031106-h1h5q9qo	355	9	<	<	XX
cord-031106-h1h5q9qo	355	10	0	0	NFP
cord-031106-h1h5q9qo	355	11	such	such	JJ
cord-031106-h1h5q9qo	355	12	that	that	IN
cord-031106-h1h5q9qo	355	13	g	g	NN
cord-031106-h1h5q9qo	355	14	(	(	-LRB-
cord-031106-h1h5q9qo	355	15	c	c	NNP
cord-031106-h1h5q9qo	355	16	*	*	NFP
cord-031106-h1h5q9qo	355	17	)	)	-RRB-
cord-031106-h1h5q9qo	355	18	=	=	SYM
cord-031106-h1h5q9qo	355	19	0	0	NFP
cord-031106-h1h5q9qo	355	20	must	must	MD
cord-031106-h1h5q9qo	355	21	be	be	VB
cord-031106-h1h5q9qo	355	22	a	a	DT
cord-031106-h1h5q9qo	355	23	local	local	JJ
cord-031106-h1h5q9qo	355	24	maximum	maximum	NN
cord-031106-h1h5q9qo	355	25	of	of	IN
cord-031106-h1h5q9qo	355	26	g(c	g(c	NNP
cord-031106-h1h5q9qo	355	27	)	)	-RRB-
cord-031106-h1h5q9qo	355	28	.	.	.
cord-031106-h1h5q9qo	356	1	Thus	thus	RB
cord-031106-h1h5q9qo	356	2	,	,	,
cord-031106-h1h5q9qo	356	3	Lemma	Lemma	NNP
cord-031106-h1h5q9qo	356	4	3	3	CD
cord-031106-h1h5q9qo	356	5	also	also	RB
cord-031106-h1h5q9qo	356	6	implies	imply	VBZ
cord-031106-h1h5q9qo	356	7	that	that	IN
cord-031106-h1h5q9qo	356	8	c	c	NN
cord-031106-h1h5q9qo	356	9	*	*	NFP
cord-031106-h1h5q9qo	356	10	<	<	XX
cord-031106-h1h5q9qo	356	11	0	0	NFP
cord-031106-h1h5q9qo	356	12	,	,	,
cord-031106-h1h5q9qo	356	13	if	if	IN
cord-031106-h1h5q9qo	356	14	it	-PRON-	PRP
cord-031106-h1h5q9qo	356	15	exists	exist	VBZ
cord-031106-h1h5q9qo	356	16	,	,	,
cord-031106-h1h5q9qo	356	17	must	must	MD
cord-031106-h1h5q9qo	356	18	be	be	VB
cord-031106-h1h5q9qo	356	19	unique	unique	JJ
cord-031106-h1h5q9qo	356	20	,	,	,
cord-031106-h1h5q9qo	356	21	since	since	IN
cord-031106-h1h5q9qo	356	22	g(c	g(c	NNP
cord-031106-h1h5q9qo	356	23	)	)	-RRB-
cord-031106-h1h5q9qo	356	24	is	be	VBZ
cord-031106-h1h5q9qo	356	25	continuously	continuously	RB
cord-031106-h1h5q9qo	356	26	differentiable	differentiable	JJ
cord-031106-h1h5q9qo	356	27	,	,	,
cord-031106-h1h5q9qo	356	28	and	and	CC
cord-031106-h1h5q9qo	356	29	we	-PRON-	PRP
cord-031106-h1h5q9qo	356	30	can	can	MD
cord-031106-h1h5q9qo	356	31	not	not	RB
cord-031106-h1h5q9qo	356	32	have	have	VB
cord-031106-h1h5q9qo	356	33	two	two	CD
cord-031106-h1h5q9qo	356	34	consecutive	consecutive	JJ
cord-031106-h1h5q9qo	356	35	local	local	JJ
cord-031106-h1h5q9qo	356	36	maxima	maxima	NN
cord-031106-h1h5q9qo	356	37	.	.	.
cord-031106-h1h5q9qo	357	1	Thus	thus	RB
cord-031106-h1h5q9qo	357	2	,	,	,
cord-031106-h1h5q9qo	357	3	existence	existence	NN
cord-031106-h1h5q9qo	357	4	of	of	IN
cord-031106-h1h5q9qo	357	5	c	c	NN
cord-031106-h1h5q9qo	357	6	*	*	NFP
cord-031106-h1h5q9qo	357	7	<	<	XX
cord-031106-h1h5q9qo	357	8	0	0	NFP
cord-031106-h1h5q9qo	357	9	implies	imply	VBZ
cord-031106-h1h5q9qo	357	10	that	that	IN
cord-031106-h1h5q9qo	357	11	g	g	NN
cord-031106-h1h5q9qo	357	12	(	(	-LRB-
cord-031106-h1h5q9qo	357	13	c	c	NN
cord-031106-h1h5q9qo	357	14	)	)	-RRB-
cord-031106-h1h5q9qo	357	15	>	>	NFP
cord-031106-h1h5q9qo	357	16	0	0	CD
cord-031106-h1h5q9qo	357	17	for	for	IN
cord-031106-h1h5q9qo	357	18	any	any	DT
cord-031106-h1h5q9qo	357	19	c	c	NN
cord-031106-h1h5q9qo	357	20	<	<	XX
cord-031106-h1h5q9qo	357	21	c	c	NNP
cord-031106-h1h5q9qo	358	1	*	*	NFP
cord-031106-h1h5q9qo	358	2	.	.	.
cord-031106-h1h5q9qo	359	1	But	but	CC
cord-031106-h1h5q9qo	359	2	this	this	DT
cord-031106-h1h5q9qo	359	3	is	be	VBZ
cord-031106-h1h5q9qo	359	4	impossible	impossible	JJ
cord-031106-h1h5q9qo	359	5	because	because	IN
cord-031106-h1h5q9qo	359	6	:	:	:
cord-031106-h1h5q9qo	359	7	where	where	WRB
cord-031106-h1h5q9qo	359	8	the	the	DT
cord-031106-h1h5q9qo	359	9	second	second	JJ
cord-031106-h1h5q9qo	359	10	equality	equality	NN
cord-031106-h1h5q9qo	359	11	follows	follow	VBZ
cord-031106-h1h5q9qo	359	12	from	from	IN
cord-031106-h1h5q9qo	359	13	m(c	m(c	NNP
cord-031106-h1h5q9qo	359	14	)	)	-RRB-
cord-031106-h1h5q9qo	360	1	=	=	NFP
cord-031106-h1h5q9qo	361	1	−	−	CD
cord-031106-h1h5q9qo	361	2	1−F	1−f	CD
cord-031106-h1h5q9qo	361	3	(	(	-LRB-
cord-031106-h1h5q9qo	361	4	c	c	NN
cord-031106-h1h5q9qo	361	5	)	)	-RRB-
cord-031106-h1h5q9qo	361	6	F	F	NNP
cord-031106-h1h5q9qo	361	7	(	(	-LRB-
cord-031106-h1h5q9qo	361	8	c	c	NN
cord-031106-h1h5q9qo	361	9	)	)	-RRB-
cord-031106-h1h5q9qo	361	10	M	M	NNP
cord-031106-h1h5q9qo	361	11	(	(	-LRB-
cord-031106-h1h5q9qo	361	12	c	c	NN
cord-031106-h1h5q9qo	361	13	)	)	-RRB-
cord-031106-h1h5q9qo	361	14	.	.	.
cord-031106-h1h5q9qo	362	1	Thus	thus	RB
cord-031106-h1h5q9qo	362	2	,	,	,
cord-031106-h1h5q9qo	362	3	a	a	DT
cord-031106-h1h5q9qo	362	4	point	point	NN
cord-031106-h1h5q9qo	362	5	c	c	NN
cord-031106-h1h5q9qo	362	6	*	*	NFP
cord-031106-h1h5q9qo	362	7	<	<	XX
cord-031106-h1h5q9qo	362	8	0	0	NFP
cord-031106-h1h5q9qo	362	9	such	such	JJ
cord-031106-h1h5q9qo	362	10	that	that	IN
cord-031106-h1h5q9qo	362	11	g	g	NN
cord-031106-h1h5q9qo	362	12	(	(	-LRB-
cord-031106-h1h5q9qo	362	13	c	c	NNP
cord-031106-h1h5q9qo	362	14	*	*	NFP
cord-031106-h1h5q9qo	362	15	)	)	-RRB-
cord-031106-h1h5q9qo	362	16	=	=	SYM
cord-031106-h1h5q9qo	362	17	0	0	NFP
cord-031106-h1h5q9qo	362	18	can	can	MD
cord-031106-h1h5q9qo	362	19	not	not	RB
cord-031106-h1h5q9qo	362	20	exist	exist	VB
cord-031106-h1h5q9qo	362	21	.	.	.
cord-031106-h1h5q9qo	363	1	Therefore	therefore	RB
cord-031106-h1h5q9qo	363	2	,	,	,
cord-031106-h1h5q9qo	363	3	by	by	IN
cord-031106-h1h5q9qo	363	4	Lemmas	Lemmas	NNP
cord-031106-h1h5q9qo	363	5	1	1	CD
cord-031106-h1h5q9qo	363	6	and	and	CC
cord-031106-h1h5q9qo	363	7	2	2	CD
cord-031106-h1h5q9qo	363	8	,	,	,
cord-031106-h1h5q9qo	363	9	0	0	NFP
cord-031106-h1h5q9qo	363	10	is	be	VBZ
cord-031106-h1h5q9qo	363	11	the	the	DT
cord-031106-h1h5q9qo	363	12	only	only	JJ
cord-031106-h1h5q9qo	363	13	critical	critical	JJ
cord-031106-h1h5q9qo	363	14	point	point	NN
cord-031106-h1h5q9qo	363	15	and	and	CC
cord-031106-h1h5q9qo	363	16	g	g	NN
cord-031106-h1h5q9qo	363	17	(	(	-LRB-
cord-031106-h1h5q9qo	363	18	c	c	NN
cord-031106-h1h5q9qo	363	19	)	)	-RRB-
cord-031106-h1h5q9qo	363	20	<	<	XX
cord-031106-h1h5q9qo	363	21	0	0	NFP
cord-031106-h1h5q9qo	363	22	for	for	IN
cord-031106-h1h5q9qo	363	23	any	any	DT
cord-031106-h1h5q9qo	363	24	c	c	NN
cord-031106-h1h5q9qo	363	25	<	<	XX
cord-031106-h1h5q9qo	363	26	0.QED	0.QED	.
cord-031106-h1h5q9qo	364	1	As	as	IN
cord-031106-h1h5q9qo	364	2	an	an	DT
cord-031106-h1h5q9qo	364	3	application	application	NN
cord-031106-h1h5q9qo	364	4	,	,	,
cord-031106-h1h5q9qo	364	5	we	-PRON-	PRP
cord-031106-h1h5q9qo	364	6	show	show	VBP
cord-031106-h1h5q9qo	364	7	that	that	IN
cord-031106-h1h5q9qo	364	8	X	X	VBZ
cord-031106-h1h5q9qo	364	9	∼	∼	NNP
cord-031106-h1h5q9qo	364	10	N	N	NNP
cord-031106-h1h5q9qo	364	11	(	(	-LRB-
cord-031106-h1h5q9qo	364	12	µ	µ	NNP
cord-031106-h1h5q9qo	364	13	,	,	,
cord-031106-h1h5q9qo	364	14	σ	σ	NN
cord-031106-h1h5q9qo	364	15	2	2	CD
cord-031106-h1h5q9qo	364	16	)	)	-RRB-
cord-031106-h1h5q9qo	364	17	satisfies	satisfy	VBZ
cord-031106-h1h5q9qo	364	18	the	the	DT
cord-031106-h1h5q9qo	364	19	assumptions	assumption	NNS
cord-031106-h1h5q9qo	364	20	.	.	.
cord-031106-h1h5q9qo	365	1	The	the	DT
cord-031106-h1h5q9qo	365	2	first	first	JJ
cord-031106-h1h5q9qo	365	3	three	three	CD
cord-031106-h1h5q9qo	365	4	ones	one	NNS
cord-031106-h1h5q9qo	365	5	are	be	VBP
cord-031106-h1h5q9qo	365	6	obvious	obvious	JJ
cord-031106-h1h5q9qo	365	7	,	,	,
cord-031106-h1h5q9qo	365	8	so	so	RB
cord-031106-h1h5q9qo	365	9	we	-PRON-	PRP
cord-031106-h1h5q9qo	365	10	focus	focus	VBP
cord-031106-h1h5q9qo	365	11	on	on	IN
cord-031106-h1h5q9qo	365	12	the	the	DT
cord-031106-h1h5q9qo	365	13	fourth	fourth	JJ
cord-031106-h1h5q9qo	365	14	.	.	.
cord-031106-h1h5q9qo	366	1	By	by	IN
cord-031106-h1h5q9qo	366	2	the	the	DT
cord-031106-h1h5q9qo	366	3	properties	property	NNS
cord-031106-h1h5q9qo	366	4	of	of	IN
cord-031106-h1h5q9qo	366	5	the	the	DT
cord-031106-h1h5q9qo	366	6	Gaussian	gaussian	JJ
cord-031106-h1h5q9qo	366	7	distribution	distribution	NN
cord-031106-h1h5q9qo	366	8	:	:	:
cord-031106-h1h5q9qo	366	9	Zombie	zombie	NN
cord-031106-h1h5q9qo	366	10	credit	credit	NN
cord-031106-h1h5q9qo	366	11	and	and	CC
cord-031106-h1h5q9qo	366	12	(	(	-LRB-
cord-031106-h1h5q9qo	366	13	dis-	dis-	NN
cord-031106-h1h5q9qo	366	14	)	)	-RRB-
cord-031106-h1h5q9qo	366	15	inflation	inflation	NN
cord-031106-h1h5q9qo	367	1	:	:	:
cord-031106-h1h5q9qo	367	2	Evidence	evidence	NN
cord-031106-h1h5q9qo	367	3	from	from	IN
cord-031106-h1h5q9qo	367	4	Europe	Europe	NNP
cord-031106-h1h5q9qo	367	5	.	.	.
cord-031106-h1h5q9qo	368	1	Mimeo	Mimeo	NNP
cord-031106-h1h5q9qo	369	1	Whatever	whatever	WDT
cord-031106-h1h5q9qo	369	2	it	-PRON-	PRP
cord-031106-h1h5q9qo	369	3	takes	take	VBZ
cord-031106-h1h5q9qo	369	4	:	:	:
cord-031106-h1h5q9qo	369	5	The	the	DT
cord-031106-h1h5q9qo	369	6	real	real	JJ
cord-031106-h1h5q9qo	369	7	effects	effect	NNS
cord-031106-h1h5q9qo	369	8	of	of	IN
cord-031106-h1h5q9qo	369	9	unconventional	unconventional	JJ
cord-031106-h1h5q9qo	369	10	monetary	monetary	JJ
cord-031106-h1h5q9qo	369	11	policy	policy	NN
cord-031106-h1h5q9qo	369	12	Distressed	distressed	JJ
cord-031106-h1h5q9qo	369	13	banks	bank	NNS
cord-031106-h1h5q9qo	369	14	,	,	,
cord-031106-h1h5q9qo	369	15	distorted	distorted	JJ
cord-031106-h1h5q9qo	369	16	decisions	decision	NNS
cord-031106-h1h5q9qo	369	17	?	?	.
cord-031106-h1h5q9qo	370	1	Mimeo	Mimeo	NNP
cord-031106-h1h5q9qo	370	2	Statistical	Statistical	NNP
cord-031106-h1h5q9qo	370	3	Theory	Theory	NNP
cord-031106-h1h5q9qo	370	4	of	of	IN
cord-031106-h1h5q9qo	370	5	Reliability	Reliability	NNP
cord-031106-h1h5q9qo	370	6	and	and	CC
cord-031106-h1h5q9qo	371	1	Life	life	NN
cord-031106-h1h5q9qo	371	2	Testing	Testing	NNP
cord-031106-h1h5q9qo	371	3	Covid-19	Covid-19	NNP
cord-031106-h1h5q9qo	371	4	is	be	VBZ
cord-031106-h1h5q9qo	371	5	also	also	RB
cord-031106-h1h5q9qo	371	6	a	a	DT
cord-031106-h1h5q9qo	371	7	reallocation	reallocation	NN
cord-031106-h1h5q9qo	371	8	shock	shock	NN
cord-031106-h1h5q9qo	371	9	Input	input	NN
cord-031106-h1h5q9qo	371	10	specificity	specificity	NN
cord-031106-h1h5q9qo	371	11	and	and	CC
cord-031106-h1h5q9qo	371	12	the	the	DT
cord-031106-h1h5q9qo	371	13	propagation	propagation	NN
cord-031106-h1h5q9qo	371	14	of	of	IN
cord-031106-h1h5q9qo	371	15	idiosyncratic	idiosyncratic	JJ
cord-031106-h1h5q9qo	371	16	shocks	shock	NNS
cord-031106-h1h5q9qo	371	17	in	in	IN
cord-031106-h1h5q9qo	371	18	production	production	NN
cord-031106-h1h5q9qo	371	19	networks	network	NNS
cord-031106-h1h5q9qo	371	20	Bankruptcy	bankruptcy	NN
cord-031106-h1h5q9qo	371	21	spillovers	spillover	NNS
cord-031106-h1h5q9qo	371	22	When	when	WRB
cord-031106-h1h5q9qo	371	23	losses	loss	NNS
cord-031106-h1h5q9qo	371	24	turn	turn	VBP
cord-031106-h1h5q9qo	371	25	into	into	IN
cord-031106-h1h5q9qo	371	26	loans	loan	NNS
cord-031106-h1h5q9qo	371	27	:	:	:
cord-031106-h1h5q9qo	372	1	The	the	DT
cord-031106-h1h5q9qo	372	2	cost	cost	NN
cord-031106-h1h5q9qo	372	3	of	of	IN
cord-031106-h1h5q9qo	372	4	undercapitalized	undercapitalized	JJ
cord-031106-h1h5q9qo	372	5	banks	bank	NNS
cord-031106-h1h5q9qo	372	6	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	372	7	SME	SME	NNP
cord-031106-h1h5q9qo	372	8	evergreening	evergreening	NN
cord-031106-h1h5q9qo	372	9	proposal	proposal	NN
cord-031106-h1h5q9qo	372	10	:	:	:
cord-031106-h1h5q9qo	372	11	Inverted	invert	VBN
cord-031106-h1h5q9qo	372	12	economics	economic	NNS
cord-031106-h1h5q9qo	372	13	Zombie	Zombie	NNP
cord-031106-h1h5q9qo	372	14	lending	lending	NN
cord-031106-h1h5q9qo	372	15	and	and	CC
cord-031106-h1h5q9qo	372	16	depressed	depressed	JJ
cord-031106-h1h5q9qo	372	17	restructuring	restructuring	NN
cord-031106-h1h5q9qo	372	18	in	in	IN
cord-031106-h1h5q9qo	372	19	Japan	Japan	NNP
cord-031106-h1h5q9qo	372	20	Golden	Golden	NNP
cord-031106-h1h5q9qo	372	21	fetters	fetter	NNS
cord-031106-h1h5q9qo	372	22	:	:	:
cord-031106-h1h5q9qo	372	23	the	the	DT
cord-031106-h1h5q9qo	372	24	gold	gold	NN
cord-031106-h1h5q9qo	372	25	standard	standard	NN
cord-031106-h1h5q9qo	372	26	and	and	CC
cord-031106-h1h5q9qo	372	27	the	the	DT
cord-031106-h1h5q9qo	372	28	Great	Great	NNP
cord-031106-h1h5q9qo	372	29	Depression	Depression	NNP
cord-031106-h1h5q9qo	372	30	,	,	,
cord-031106-h1h5q9qo	372	31	1919	1919	CD
cord-031106-h1h5q9qo	372	32	-	-	SYM
cord-031106-h1h5q9qo	372	33	1939	1939	CD
cord-031106-h1h5q9qo	372	34	,	,	,
cord-031106-h1h5q9qo	372	35	NBER	NBER	NNP
cord-031106-h1h5q9qo	372	36	series	series	NN
cord-031106-h1h5q9qo	372	37	on	on	IN
cord-031106-h1h5q9qo	372	38	long	long	JJ
cord-031106-h1h5q9qo	372	39	-	-	HYPH
cord-031106-h1h5q9qo	372	40	term	term	NN
cord-031106-h1h5q9qo	372	41	factors	factor	NNS
cord-031106-h1h5q9qo	372	42	in	in	IN
cord-031106-h1h5q9qo	372	43	economic	economic	JJ
cord-031106-h1h5q9qo	372	44	development	development	NN
cord-031106-h1h5q9qo	372	45	Fear	fear	VBP
cord-031106-h1h5q9qo	372	46	the	the	DT
cord-031106-h1h5q9qo	372	47	walking	walk	VBG
cord-031106-h1h5q9qo	372	48	dead	dead	JJ
cord-031106-h1h5q9qo	372	49	:	:	:
cord-031106-h1h5q9qo	372	50	Zombie	zombie	NN
cord-031106-h1h5q9qo	372	51	firms	firm	NNS
cord-031106-h1h5q9qo	372	52	,	,	,
cord-031106-h1h5q9qo	372	53	spillovers	spillover	NNS
cord-031106-h1h5q9qo	372	54	and	and	CC
cord-031106-h1h5q9qo	372	55	exit	exit	NN
cord-031106-h1h5q9qo	372	56	barriers	barrier	NNS
cord-031106-h1h5q9qo	372	57	Misallocation	misallocation	NN
cord-031106-h1h5q9qo	372	58	and	and	CC
cord-031106-h1h5q9qo	372	59	manufacturing	manufacturing	NN
cord-031106-h1h5q9qo	372	60	TFP	tfp	NN
cord-031106-h1h5q9qo	372	61	in	in	IN
cord-031106-h1h5q9qo	372	62	China	China	NNP
cord-031106-h1h5q9qo	372	63	and	and	CC
cord-031106-h1h5q9qo	372	64	India	India	NNP
cord-031106-h1h5q9qo	373	1	The	the	DT
cord-031106-h1h5q9qo	373	2	walking	walk	VBG
cord-031106-h1h5q9qo	373	3	dead	dead	JJ
cord-031106-h1h5q9qo	373	4	?	?	.
cord-031106-h1h5q9qo	374	1	Zombie	zombie	NN
cord-031106-h1h5q9qo	374	2	firms	firm	NNS
cord-031106-h1h5q9qo	374	3	and	and	CC
cord-031106-h1h5q9qo	374	4	productivity	productivity	NN
cord-031106-h1h5q9qo	374	5	performance	performance	NN
cord-031106-h1h5q9qo	374	6	in	in	IN
cord-031106-h1h5q9qo	374	7	OECD	OECD	NNP
cord-031106-h1h5q9qo	374	8	countries	country	NNS
cord-031106-h1h5q9qo	374	9	Foreclosures	foreclosure	NNS
cord-031106-h1h5q9qo	374	10	,	,	,
cord-031106-h1h5q9qo	374	11	house	house	NN
cord-031106-h1h5q9qo	374	12	prices	price	NNS
cord-031106-h1h5q9qo	374	13	,	,	,
cord-031106-h1h5q9qo	374	14	and	and	CC
cord-031106-h1h5q9qo	374	15	the	the	DT
cord-031106-h1h5q9qo	374	16	real	real	JJ
cord-031106-h1h5q9qo	374	17	economy	economy	NN
cord-031106-h1h5q9qo	374	18	Coronavirus	Coronavirus	NNP
cord-031106-h1h5q9qo	374	19	(	(	-LRB-
cord-031106-h1h5q9qo	374	20	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	374	21	)	)	-RRB-
cord-031106-h1h5q9qo	374	22	:	:	:
cord-031106-h1h5q9qo	374	23	SME	SME	NNP
cord-031106-h1h5q9qo	374	24	policy	policy	NN
cord-031106-h1h5q9qo	374	25	responses	response	NNS
cord-031106-h1h5q9qo	375	1	A	a	DT
cord-031106-h1h5q9qo	375	2	simple	simple	JJ
cord-031106-h1h5q9qo	375	3	method	method	NN
cord-031106-h1h5q9qo	375	4	to	to	TO
cord-031106-h1h5q9qo	375	5	estimate	estimate	VB
cord-031106-h1h5q9qo	375	6	firms	firm	NNS
cord-031106-h1h5q9qo	375	7	liquidity	liquidity	NN
cord-031106-h1h5q9qo	375	8	needs	need	NNS
cord-031106-h1h5q9qo	375	9	during	during	IN
cord-031106-h1h5q9qo	375	10	the	the	DT
cord-031106-h1h5q9qo	375	11	COVID-19	COVID-19	NNP
cord-031106-h1h5q9qo	375	12	crisis	crisis	NN
cord-031106-h1h5q9qo	375	13	with	with	IN
cord-031106-h1h5q9qo	375	14	an	an	DT
cord-031106-h1h5q9qo	375	15	application	application	NN
cord-031106-h1h5q9qo	375	16	to	to	IN
cord-031106-h1h5q9qo	375	17	Italy	Italy	NNP
cord-031106-h1h5q9qo	375	18	Credit	Credit	NNP
cord-031106-h1h5q9qo	375	19	misallocation	misallocation	NN
cord-031106-h1h5q9qo	375	20	during	during	IN
cord-031106-h1h5q9qo	375	21	the	the	DT
cord-031106-h1h5q9qo	375	22	European	european	JJ
cord-031106-h1h5q9qo	375	23	financial	financial	JJ
cord-031106-h1h5q9qo	375	24	crisis	crisis	NN
cord-031106-h1h5q9qo	376	1	Do	do	VBP
cord-031106-h1h5q9qo	376	2	we	-PRON-	PRP
cord-031106-h1h5q9qo	376	3	want	want	VB
cord-031106-h1h5q9qo	376	4	these	these	DT
cord-031106-h1h5q9qo	376	5	two	two	CD
cord-031106-h1h5q9qo	376	6	to	to	TO
cord-031106-h1h5q9qo	376	7	tango	tango	NN
cord-031106-h1h5q9qo	376	8	?	?	.
cord-031106-h1h5q9qo	377	1	On	on	IN
cord-031106-h1h5q9qo	377	2	zombie	zombie	NN
cord-031106-h1h5q9qo	377	3	firms	firm	NNS
cord-031106-h1h5q9qo	377	4	and	and	CC
cord-031106-h1h5q9qo	377	5	stressed	stress	VBD
cord-031106-h1h5q9qo	377	6	banks	bank	NNS
cord-031106-h1h5q9qo	377	7	in	in	IN
cord-031106-h1h5q9qo	377	8	Europe	Europe	NNP
cord-031106-h1h5q9qo	377	9	With	with	IN
cord-031106-h1h5q9qo	377	10	easy	easy	JJ
cord-031106-h1h5q9qo	377	11	computations	computation	NNS
cord-031106-h1h5q9qo	377	12	:	:	:
cord-031106-h1h5q9qo	377	13	this	this	DT
cord-031106-h1h5q9qo	377	14	is	be	VBZ
cord-031106-h1h5q9qo	377	15	true	true	JJ
cord-031106-h1h5q9qo	377	16	.	.	.