id sid tid token lemma pos m039k358k85 1 1 this this DET m039k358k85 1 2 dissertation dissertation NOUN m039k358k85 1 3 contains contain VERB m039k358k85 1 4 three three NUM m039k358k85 1 5 essays essay NOUN m039k358k85 1 6 concerning concern VERB m039k358k85 1 7 business business NOUN m039k358k85 1 8 cycles cycle NOUN m039k358k85 1 9 and and CCONJ m039k358k85 1 10 the the DET m039k358k85 1 11 appropriate appropriate ADJ m039k358k85 1 12 fiscal fiscal ADJ m039k358k85 1 13 policy policy NOUN m039k358k85 1 14 response response NOUN m039k358k85 1 15 . . PUNCT m039k358k85 2 1 chapter chapter NOUN m039k358k85 2 2 one one NUM m039k358k85 2 3 studies study NOUN m039k358k85 2 4 the the DET m039k358k85 2 5 state state NOUN m039k358k85 2 6 - - PUNCT m039k358k85 2 7 dependence dependence NOUN m039k358k85 2 8 of of ADP m039k358k85 2 9 the the DET m039k358k85 2 10 output output NOUN m039k358k85 2 11 and and CCONJ m039k358k85 2 12 welfare welfare NOUN m039k358k85 2 13 effects effect NOUN m039k358k85 2 14 of of ADP m039k358k85 2 15 shocks shock NOUN m039k358k85 2 16 to to ADP m039k358k85 2 17 government government NOUN m039k358k85 2 18 purchases purchase NOUN m039k358k85 2 19 in in ADP m039k358k85 2 20 a a DET m039k358k85 2 21 dsge dsge NOUN m039k358k85 2 22 model model NOUN m039k358k85 2 23 with with ADP m039k358k85 2 24 real real ADJ m039k358k85 2 25 and and CCONJ m039k358k85 2 26 nominal nominal ADJ m039k358k85 2 27 frictions friction NOUN m039k358k85 2 28 and and CCONJ m039k358k85 2 29 a a DET m039k358k85 2 30 rich rich ADJ m039k358k85 2 31 fiscal fiscal ADJ m039k358k85 2 32 financing financing NOUN m039k358k85 2 33 structure structure NOUN m039k358k85 2 34 . . PUNCT m039k358k85 3 1 both both CCONJ m039k358k85 3 2 the the DET m039k358k85 3 3 output output NOUN m039k358k85 3 4 multiplier multipli ADJ m039k358k85 3 5 ( ( PUNCT m039k358k85 3 6 the the DET m039k358k85 3 7 change change NOUN m039k358k85 3 8 in in ADP m039k358k85 3 9 output output NOUN m039k358k85 3 10 for for ADP m039k358k85 3 11 a a DET m039k358k85 3 12 one one NUM m039k358k85 3 13 dollar dollar NOUN m039k358k85 3 14 change change NOUN m039k358k85 3 15 in in ADP m039k358k85 3 16 government government NOUN m039k358k85 3 17 spending spending NOUN m039k358k85 3 18 ) ) PUNCT m039k358k85 3 19 and and CCONJ m039k358k85 3 20 the the DET m039k358k85 3 21 welfare welfare NOUN m039k358k85 3 22 multiplier multiplier NOUN m039k358k85 3 23 ( ( PUNCT m039k358k85 3 24 the the DET m039k358k85 3 25 consumption consumption NOUN m039k358k85 3 26 equivalent equivalent ADJ m039k358k85 3 27 change change NOUN m039k358k85 3 28 in in ADP m039k358k85 3 29 welfare welfare NOUN m039k358k85 3 30 for for ADP m039k358k85 3 31 the the DET m039k358k85 3 32 same same ADJ m039k358k85 3 33 change change NOUN m039k358k85 3 34 in in ADP m039k358k85 3 35 spending spending NOUN m039k358k85 3 36 ) ) PUNCT m039k358k85 3 37 are be AUX m039k358k85 3 38 found find VERB m039k358k85 3 39 to to PART m039k358k85 3 40 move move VERB m039k358k85 3 41 significantly significantly ADV m039k358k85 3 42 across across ADP m039k358k85 3 43 states state NOUN m039k358k85 3 44 , , PUNCT m039k358k85 3 45 but but CCONJ m039k358k85 3 46 tend tend VERB m039k358k85 3 47 to to PART m039k358k85 3 48 co co VERB m039k358k85 3 49 - - VERB m039k358k85 3 50 move move VERB m039k358k85 3 51 negatively negatively ADV m039k358k85 3 52 with with ADP m039k358k85 3 53 one one NUM m039k358k85 3 54 another another DET m039k358k85 3 55 . . PUNCT m039k358k85 4 1 in in ADP m039k358k85 4 2 an an DET m039k358k85 4 3 historical historical ADJ m039k358k85 4 4 simulation simulation NOUN m039k358k85 4 5 , , PUNCT m039k358k85 4 6 the the DET m039k358k85 4 7 output output NOUN m039k358k85 4 8 multiplier multipli ADJ m039k358k85 4 9 is be AUX m039k358k85 4 10 found find VERB m039k358k85 4 11 to to PART m039k358k85 4 12 be be AUX m039k358k85 4 13 countercyclical countercyclical ADJ m039k358k85 4 14 ( ( PUNCT m039k358k85 4 15 correlation correlation NOUN m039k358k85 4 16 of of ADP m039k358k85 4 17 -0.4 -0.4 NOUN m039k358k85 4 18 ) ) PUNCT m039k358k85 4 19 and and CCONJ m039k358k85 4 20 strongly strongly ADV m039k358k85 4 21 negatively negatively ADV m039k358k85 4 22 correlated correlate VERB m039k358k85 4 23 with with ADP m039k358k85 4 24 the the DET m039k358k85 4 25 welfare welfare NOUN m039k358k85 4 26 multiplier multipli ADJ m039k358k85 4 27 ( ( PUNCT m039k358k85 4 28 correlation correlation NOUN m039k358k85 4 29 of of ADP m039k358k85 4 30 -0.9 -0.9 NOUN m039k358k85 4 31 ) ) PUNCT m039k358k85 4 32 . . PUNCT m039k358k85 5 1 chapter chapter NOUN m039k358k85 5 2 two two NUM m039k358k85 5 3 continues continue VERB m039k358k85 5 4 this this DET m039k358k85 5 5 focus focus NOUN m039k358k85 5 6 on on ADP m039k358k85 5 7 state state NOUN m039k358k85 5 8 dependent dependent ADJ m039k358k85 5 9 fiscal fiscal ADJ m039k358k85 5 10 policy policy NOUN m039k358k85 5 11 by by ADP m039k358k85 5 12 studying study VERB m039k358k85 5 13 the the DET m039k358k85 5 14 state state NOUN m039k358k85 5 15 - - PUNCT m039k358k85 5 16 dependent dependent ADJ m039k358k85 5 17 effects effect NOUN m039k358k85 5 18 of of ADP m039k358k85 5 19 consumption consumption NOUN m039k358k85 5 20 , , PUNCT m039k358k85 5 21 labor labor NOUN m039k358k85 5 22 , , PUNCT m039k358k85 5 23 and and CCONJ m039k358k85 5 24 capital capital NOUN m039k358k85 5 25 tax tax NOUN m039k358k85 5 26 cuts cut NOUN m039k358k85 5 27 . . PUNCT m039k358k85 6 1 the the DET m039k358k85 6 2 tax tax NOUN m039k358k85 6 3 output output NOUN m039k358k85 6 4 multiplier multipli ADJ m039k358k85 6 5 is be AUX m039k358k85 6 6 defined define VERB m039k358k85 6 7 as as ADP m039k358k85 6 8 the the DET m039k358k85 6 9 change change NOUN m039k358k85 6 10 in in ADP m039k358k85 6 11 output output NOUN m039k358k85 6 12 for for ADP m039k358k85 6 13 a a DET m039k358k85 6 14 one one NUM m039k358k85 6 15 dollar dollar NOUN m039k358k85 6 16 change change NOUN m039k358k85 6 17 in in ADP m039k358k85 6 18 tax tax NOUN m039k358k85 6 19 revenue revenue NOUN m039k358k85 6 20 caused cause VERB m039k358k85 6 21 by by ADP m039k358k85 6 22 a a DET m039k358k85 6 23 shock shock NOUN m039k358k85 6 24 to to ADP m039k358k85 6 25 tax tax NOUN m039k358k85 6 26 rates rate NOUN m039k358k85 6 27 on on ADP m039k358k85 6 28 consumption consumption NOUN m039k358k85 6 29 , , PUNCT m039k358k85 6 30 labor labor NOUN m039k358k85 6 31 income income NOUN m039k358k85 6 32 , , PUNCT m039k358k85 6 33 or or CCONJ m039k358k85 6 34 capital capital NOUN m039k358k85 6 35 income income NOUN m039k358k85 6 36 . . PUNCT m039k358k85 7 1 adopting adopt VERB m039k358k85 7 2 language language NOUN m039k358k85 7 3 newly newly ADV m039k358k85 7 4 introduced introduce VERB m039k358k85 7 5 in in ADP m039k358k85 7 6 the the DET m039k358k85 7 7 first first ADJ m039k358k85 7 8 chapter chapter NOUN m039k358k85 7 9 , , PUNCT m039k358k85 7 10 this this DET m039k358k85 7 11 chapter chapter NOUN m039k358k85 7 12 defines define VERB m039k358k85 7 13 the the DET m039k358k85 7 14 tax tax NOUN m039k358k85 7 15 welfare welfare NOUN m039k358k85 7 16 multiplier multipli ADJ m039k358k85 7 17 as as ADP m039k358k85 7 18 the the DET m039k358k85 7 19 consumption consumption NOUN m039k358k85 7 20 equivalent equivalent ADJ m039k358k85 7 21 change change NOUN m039k358k85 7 22 in in ADP m039k358k85 7 23 welfare welfare NOUN m039k358k85 7 24 for for ADP m039k358k85 7 25 the the DET m039k358k85 7 26 same same ADJ m039k358k85 7 27 change change NOUN m039k358k85 7 28 in in ADP m039k358k85 7 29 tax tax NOUN m039k358k85 7 30 revenue revenue NOUN m039k358k85 7 31 . . PUNCT m039k358k85 8 1 magnitudes magnitude NOUN m039k358k85 8 2 of of ADP m039k358k85 8 3 tax tax NOUN m039k358k85 8 4 multipliers multiplier NOUN m039k358k85 8 5 are be AUX m039k358k85 8 6 found find VERB m039k358k85 8 7 to to PART m039k358k85 8 8 vary vary VERB m039k358k85 8 9 across across ADP m039k358k85 8 10 the the DET m039k358k85 8 11 type type NOUN m039k358k85 8 12 of of ADP m039k358k85 8 13 tax tax NOUN m039k358k85 8 14 and and CCONJ m039k358k85 8 15 the the DET m039k358k85 8 16 state state NOUN m039k358k85 8 17 of of ADP m039k358k85 8 18 the the DET m039k358k85 8 19 business business NOUN m039k358k85 8 20 cycle cycle NOUN m039k358k85 8 21 . . PUNCT m039k358k85 9 1 the the DET m039k358k85 9 2 output output NOUN m039k358k85 9 3 multipliers multiplier NOUN m039k358k85 9 4 for for ADP m039k358k85 9 5 all all DET m039k358k85 9 6 three three NUM m039k358k85 9 7 tax tax NOUN m039k358k85 9 8 cuts cut NOUN m039k358k85 9 9 tend tend VERB m039k358k85 9 10 to to PART m039k358k85 9 11 be be AUX m039k358k85 9 12 largest large ADJ m039k358k85 9 13 in in ADP m039k358k85 9 14 states state NOUN m039k358k85 9 15 of of ADP m039k358k85 9 16 the the DET m039k358k85 9 17 economy economy NOUN m039k358k85 9 18 in in ADP m039k358k85 9 19 which which PRON m039k358k85 9 20 output output NOUN m039k358k85 9 21 is be AUX m039k358k85 9 22 low low ADJ m039k358k85 9 23 . . PUNCT m039k358k85 10 1 output output NOUN m039k358k85 10 2 multipliers multiplier NOUN m039k358k85 10 3 tend tend VERB m039k358k85 10 4 to to PART m039k358k85 10 5 be be AUX m039k358k85 10 6 positively positively ADV m039k358k85 10 7 correlated correlate VERB m039k358k85 10 8 with with ADP m039k358k85 10 9 welfare welfare NOUN m039k358k85 10 10 multipliers multiplier NOUN m039k358k85 10 11 for for ADP m039k358k85 10 12 all all DET m039k358k85 10 13 three three NUM m039k358k85 10 14 kinds kind NOUN m039k358k85 10 15 of of ADP m039k358k85 10 16 tax tax NOUN m039k358k85 10 17 changes change NOUN m039k358k85 10 18 . . PUNCT m039k358k85 11 1 the the DET m039k358k85 11 2 final final ADJ m039k358k85 11 3 chapter chapter NOUN m039k358k85 11 4 considers consider VERB m039k358k85 11 5 the the DET m039k358k85 11 6 primary primary ADJ m039k358k85 11 7 cause cause NOUN m039k358k85 11 8 of of ADP m039k358k85 11 9 the the DET m039k358k85 11 10 recent recent ADJ m039k358k85 11 11 episode episode NOUN m039k358k85 11 12 of of ADP m039k358k85 11 13 relatively relatively ADV m039k358k85 11 14 modest modest ADJ m039k358k85 11 15 business business NOUN m039k358k85 11 16 cycles cycle NOUN m039k358k85 11 17 . . PUNCT m039k358k85 12 1 decomposing decompose VERB m039k358k85 12 2 the the DET m039k358k85 12 3 united united PROPN m039k358k85 12 4 states states PROPN m039k358k85 12 5 ' ' PART m039k358k85 12 6 1984 1984 NUM m039k358k85 12 7 aggregate aggregate NOUN m039k358k85 12 8 business business NOUN m039k358k85 12 9 cycle cycle NOUN m039k358k85 12 10 volatility volatility NOUN m039k358k85 12 11 reduction reduction NOUN m039k358k85 12 12 shows show VERB m039k358k85 12 13 that that SCONJ m039k358k85 12 14 declines decline VERB m039k358k85 12 15 in in ADP m039k358k85 12 16 state state NOUN m039k358k85 12 17 - - PUNCT m039k358k85 12 18 level level NOUN m039k358k85 12 19 business business NOUN m039k358k85 12 20 cycle cycle NOUN m039k358k85 12 21 co co NOUN m039k358k85 12 22 - - NOUN m039k358k85 12 23 movements movement NOUN m039k358k85 12 24 account account VERB m039k358k85 12 25 for for ADP m039k358k85 12 26 approximately approximately ADV m039k358k85 12 27 19 19 NUM m039k358k85 12 28 % % NOUN m039k358k85 12 29 of of ADP m039k358k85 12 30 the the DET m039k358k85 12 31 great great ADJ m039k358k85 12 32 moderation moderation NOUN m039k358k85 12 33 while while SCONJ m039k358k85 12 34 individual individual ADJ m039k358k85 12 35 state state NOUN m039k358k85 12 36 - - PUNCT m039k358k85 12 37 level level NOUN m039k358k85 12 38 volatility volatility NOUN m039k358k85 12 39 declines decline NOUN m039k358k85 12 40 and and CCONJ m039k358k85 12 41 changing change VERB m039k358k85 12 42 share share NOUN m039k358k85 12 43 weights weight NOUN m039k358k85 12 44 account account VERB m039k358k85 12 45 for for ADP m039k358k85 12 46 approximately approximately ADV m039k358k85 12 47 74 74 NUM m039k358k85 12 48 % % NOUN m039k358k85 12 49 and and CCONJ m039k358k85 12 50 6 6 NUM m039k358k85 12 51 % % NOUN m039k358k85 12 52 , , PUNCT m039k358k85 12 53 respectively respectively ADV m039k358k85 12 54 . . PUNCT m039k358k85 13 1 the the DET m039k358k85 13 2 primary primary ADJ m039k358k85 13 3 source source NOUN m039k358k85 13 4 of of ADP m039k358k85 13 5 the the DET m039k358k85 13 6 state state NOUN m039k358k85 13 7 - - PUNCT m039k358k85 13 8 level level NOUN m039k358k85 13 9 volatility volatility NOUN m039k358k85 13 10 decline decline NOUN m039k358k85 13 11 is be AUX m039k358k85 13 12 then then ADV m039k358k85 13 13 analyzed analyze VERB m039k358k85 13 14 using use VERB m039k358k85 13 15 region region NOUN m039k358k85 13 16 and and CCONJ m039k358k85 13 17 state state NOUN m039k358k85 13 18 - - PUNCT m039k358k85 13 19 level level NOUN m039k358k85 13 20 moderation moderation NOUN m039k358k85 13 21 experiences experience NOUN m039k358k85 13 22 . . PUNCT m039k358k85 14 1 the the DET m039k358k85 14 2 ability ability NOUN m039k358k85 14 3 of of ADP m039k358k85 14 4 leading lead VERB m039k358k85 14 5 moderation moderation NOUN m039k358k85 14 6 theories theory NOUN m039k358k85 14 7 to to PART m039k358k85 14 8 account account VERB m039k358k85 14 9 for for ADP m039k358k85 14 10 these these DET m039k358k85 14 11 new new ADJ m039k358k85 14 12 data datum NOUN m039k358k85 14 13 facts fact NOUN m039k358k85 14 14 is be AUX m039k358k85 14 15 considered consider VERB m039k358k85 14 16 . . PUNCT