id sid tid token lemma pos mp48sb41q51 1 1 this this DET mp48sb41q51 1 2 dissertation dissertation NOUN mp48sb41q51 1 3 studies study VERB mp48sb41q51 1 4 the the DET mp48sb41q51 1 5 implications implication NOUN mp48sb41q51 1 6 of of ADP mp48sb41q51 1 7 frictions friction NOUN mp48sb41q51 1 8 in in ADP mp48sb41q51 1 9 the the DET mp48sb41q51 1 10 labor labor NOUN mp48sb41q51 1 11 and and CCONJ mp48sb41q51 1 12 financial financial ADJ mp48sb41q51 1 13 markets market NOUN mp48sb41q51 1 14 for for ADP mp48sb41q51 1 15 the the DET mp48sb41q51 1 16 aggregate aggregate ADJ mp48sb41q51 1 17 economy economy NOUN mp48sb41q51 1 18 and and CCONJ mp48sb41q51 1 19 the the DET mp48sb41q51 1 20 central central ADJ mp48sb41q51 1 21 bank bank NOUN mp48sb41q51 1 22 's 's PART mp48sb41q51 1 23 policies policy NOUN mp48sb41q51 1 24 . . PUNCT mp48sb41q51 2 1 in in ADP mp48sb41q51 2 2 each each PRON mp48sb41q51 2 3 of of ADP mp48sb41q51 2 4 the the DET mp48sb41q51 2 5 two two NUM mp48sb41q51 2 6 chapters chapter NOUN mp48sb41q51 2 7 , , PUNCT mp48sb41q51 2 8 i i PRON mp48sb41q51 2 9 develop develop VERB mp48sb41q51 2 10 a a DET mp48sb41q51 2 11 general general ADJ mp48sb41q51 2 12 equilibrium equilibrium NOUN mp48sb41q51 2 13 model model NOUN mp48sb41q51 2 14 that that PRON mp48sb41q51 2 15 provides provide VERB mp48sb41q51 2 16 a a DET mp48sb41q51 2 17 theoretical theoretical ADJ mp48sb41q51 2 18 justification justification NOUN mp48sb41q51 2 19 for for ADP mp48sb41q51 2 20 the the DET mp48sb41q51 2 21 empirically empirically ADV mp48sb41q51 2 22 observed observed ADJ mp48sb41q51 2 23 behavior behavior NOUN mp48sb41q51 2 24 of of ADP mp48sb41q51 2 25 agents agent NOUN mp48sb41q51 2 26 in in ADP mp48sb41q51 2 27 a a DET mp48sb41q51 2 28 particular particular ADJ mp48sb41q51 2 29 market market NOUN mp48sb41q51 2 30 . . PUNCT mp48sb41q51 3 1 i i PRON mp48sb41q51 3 2 then then ADV mp48sb41q51 3 3 study study VERB mp48sb41q51 3 4 the the DET mp48sb41q51 3 5 implications implication NOUN mp48sb41q51 3 6 of of ADP mp48sb41q51 3 7 these these DET mp48sb41q51 3 8 mechanisms mechanism NOUN mp48sb41q51 3 9 in in ADP mp48sb41q51 3 10 a a DET mp48sb41q51 3 11 dynamic dynamic ADJ mp48sb41q51 3 12 setting setting NOUN mp48sb41q51 3 13 and and CCONJ mp48sb41q51 3 14 relate relate VERB mp48sb41q51 3 15 these these DET mp48sb41q51 3 16 developments development NOUN mp48sb41q51 3 17 to to ADP mp48sb41q51 3 18 central central ADJ mp48sb41q51 3 19 bank bank NOUN mp48sb41q51 3 20 policies.the policies.the DET mp48sb41q51 3 21 first first ADJ mp48sb41q51 3 22 chapter chapter NOUN mp48sb41q51 3 23 focuses focus VERB mp48sb41q51 3 24 on on ADP mp48sb41q51 3 25 the the DET mp48sb41q51 3 26 household household NOUN mp48sb41q51 3 27 side side NOUN mp48sb41q51 3 28 of of ADP mp48sb41q51 3 29 the the DET mp48sb41q51 3 30 economy economy NOUN mp48sb41q51 3 31 and and CCONJ mp48sb41q51 3 32 analyzes analyze VERB mp48sb41q51 3 33 the the DET mp48sb41q51 3 34 multi multi ADJ mp48sb41q51 3 35 - - ADJ mp48sb41q51 3 36 dimensional dimensional ADJ mp48sb41q51 3 37 nature nature NOUN mp48sb41q51 3 38 of of ADP mp48sb41q51 3 39 labor labor NOUN mp48sb41q51 3 40 supply supply NOUN mp48sb41q51 3 41 decisions decision NOUN mp48sb41q51 3 42 , , PUNCT mp48sb41q51 3 43 aiming aim VERB mp48sb41q51 3 44 to to PART mp48sb41q51 3 45 understand understand VERB mp48sb41q51 3 46 how how SCONJ mp48sb41q51 3 47 these these DET mp48sb41q51 3 48 decisions decision NOUN mp48sb41q51 3 49 matter matter VERB mp48sb41q51 3 50 for for ADP mp48sb41q51 3 51 monetary monetary ADJ mp48sb41q51 3 52 policy policy NOUN mp48sb41q51 3 53 . . PUNCT mp48sb41q51 4 1 in in ADP mp48sb41q51 4 2 particular particular ADJ mp48sb41q51 4 3 , , PUNCT mp48sb41q51 4 4 i i PRON mp48sb41q51 4 5 extend extend VERB mp48sb41q51 4 6 the the DET mp48sb41q51 4 7 textbook textbook NOUN mp48sb41q51 4 8 dynamic dynamic ADJ mp48sb41q51 4 9 new new ADJ mp48sb41q51 4 10 keynesian keynesian PROPN mp48sb41q51 4 11 ( ( PUNCT mp48sb41q51 4 12 dnk dnk PROPN mp48sb41q51 4 13 ) ) PUNCT mp48sb41q51 4 14 model model NOUN mp48sb41q51 4 15 to to PART mp48sb41q51 4 16 include include VERB mp48sb41q51 4 17 home home NOUN mp48sb41q51 4 18 production production NOUN mp48sb41q51 4 19 and and CCONJ mp48sb41q51 4 20 labor labor NOUN mp48sb41q51 4 21 supply supply NOUN mp48sb41q51 4 22 decisions decision NOUN mp48sb41q51 4 23 along along ADP mp48sb41q51 4 24 both both DET mp48sb41q51 4 25 extensive extensive ADJ mp48sb41q51 4 26 and and CCONJ mp48sb41q51 4 27 intensive intensive ADJ mp48sb41q51 4 28 margins margin NOUN mp48sb41q51 4 29 . . PUNCT mp48sb41q51 5 1 home home NOUN mp48sb41q51 5 2 production production NOUN mp48sb41q51 5 3 introduces introduce VERB mp48sb41q51 5 4 an an DET mp48sb41q51 5 5 asymmetric asymmetric ADJ mp48sb41q51 5 6 effect effect NOUN mp48sb41q51 5 7 of of ADP mp48sb41q51 5 8 wage wage NOUN mp48sb41q51 5 9 changes change NOUN mp48sb41q51 5 10 on on ADP mp48sb41q51 5 11 the the DET mp48sb41q51 5 12 employment employment NOUN mp48sb41q51 5 13 rate rate NOUN mp48sb41q51 5 14 and and CCONJ mp48sb41q51 5 15 average average ADJ mp48sb41q51 5 16 labor labor NOUN mp48sb41q51 5 17 hours hour NOUN mp48sb41q51 5 18 . . PUNCT mp48sb41q51 6 1 as as ADP mp48sb41q51 6 2 a a DET mp48sb41q51 6 3 result result NOUN mp48sb41q51 6 4 , , PUNCT mp48sb41q51 6 5 the the DET mp48sb41q51 6 6 path path NOUN mp48sb41q51 6 7 of of ADP mp48sb41q51 6 8 total total ADJ mp48sb41q51 6 9 labor labor NOUN mp48sb41q51 6 10 hours hour NOUN mp48sb41q51 6 11 over over ADP mp48sb41q51 6 12 the the DET mp48sb41q51 6 13 business business NOUN mp48sb41q51 6 14 cycle cycle NOUN mp48sb41q51 6 15 becomes become VERB mp48sb41q51 6 16 ambiguous ambiguous ADJ mp48sb41q51 6 17 . . PUNCT mp48sb41q51 7 1 when when SCONJ mp48sb41q51 7 2 the the DET mp48sb41q51 7 3 elasticity elasticity NOUN mp48sb41q51 7 4 of of ADP mp48sb41q51 7 5 substitution substitution NOUN mp48sb41q51 7 6 between between ADP mp48sb41q51 7 7 home home NOUN mp48sb41q51 7 8 and and CCONJ mp48sb41q51 7 9 market market NOUN mp48sb41q51 7 10 goods good NOUN mp48sb41q51 7 11 is be AUX mp48sb41q51 7 12 above above ADP mp48sb41q51 7 13 a a DET mp48sb41q51 7 14 threshold threshold ADJ mp48sb41q51 7 15 value value NOUN mp48sb41q51 7 16 of of ADP mp48sb41q51 7 17 2 2 NUM mp48sb41q51 7 18 , , PUNCT mp48sb41q51 7 19 the the DET mp48sb41q51 7 20 aggregate aggregate ADJ mp48sb41q51 7 21 hours hour NOUN mp48sb41q51 7 22 become become VERB mp48sb41q51 7 23 procyclical procyclical ADJ mp48sb41q51 7 24 . . PUNCT mp48sb41q51 8 1 in in ADP mp48sb41q51 8 2 contrast contrast NOUN mp48sb41q51 8 3 , , PUNCT mp48sb41q51 8 4 the the DET mp48sb41q51 8 5 total total ADJ mp48sb41q51 8 6 labor labor NOUN mp48sb41q51 8 7 hours hour NOUN mp48sb41q51 8 8 are be AUX mp48sb41q51 8 9 always always ADV mp48sb41q51 8 10 countercyclical countercyclical ADJ mp48sb41q51 8 11 in in ADP mp48sb41q51 8 12 the the DET mp48sb41q51 8 13 textbook textbook NOUN mp48sb41q51 8 14 model.this model.this NOUN mp48sb41q51 8 15 discrepancy discrepancy NOUN mp48sb41q51 8 16 is be AUX mp48sb41q51 8 17 important important ADJ mp48sb41q51 8 18 for for ADP mp48sb41q51 8 19 monetary monetary ADJ mp48sb41q51 8 20 policy policy NOUN mp48sb41q51 8 21 : : PUNCT mp48sb41q51 8 22 if if SCONJ mp48sb41q51 8 23 the the DET mp48sb41q51 8 24 central central ADJ mp48sb41q51 8 25 bank bank NOUN mp48sb41q51 8 26 excludes exclude VERB mp48sb41q51 8 27 household household NOUN mp48sb41q51 8 28 production production NOUN mp48sb41q51 8 29 from from ADP mp48sb41q51 8 30 its its PRON mp48sb41q51 8 31 analysis analysis NOUN mp48sb41q51 8 32 , , PUNCT mp48sb41q51 8 33 it it PRON mp48sb41q51 8 34 mismeasures mismeasure VERB mp48sb41q51 8 35 the the DET mp48sb41q51 8 36 output output NOUN mp48sb41q51 8 37 gap gap NOUN mp48sb41q51 8 38 . . PUNCT mp48sb41q51 9 1 the the DET mp48sb41q51 9 2 resulting result VERB mp48sb41q51 9 3 welfare welfare NOUN mp48sb41q51 9 4 loss loss NOUN mp48sb41q51 9 5 is be AUX mp48sb41q51 9 6 substantial substantial ADJ mp48sb41q51 9 7 and and CCONJ mp48sb41q51 9 8 equals equal VERB mp48sb41q51 9 9 0.013 0.013 NUM mp48sb41q51 9 10 percent percent NOUN mp48sb41q51 9 11 in in ADP mp48sb41q51 9 12 terms term NOUN mp48sb41q51 9 13 of of ADP mp48sb41q51 9 14 consumption consumption NOUN mp48sb41q51 9 15 equivalent equivalent ADJ mp48sb41q51 9 16 . . PUNCT mp48sb41q51 10 1 the the DET mp48sb41q51 10 2 second second ADJ mp48sb41q51 10 3 chapter chapter NOUN mp48sb41q51 10 4 centers center NOUN mp48sb41q51 10 5 around around ADP mp48sb41q51 10 6 the the DET mp48sb41q51 10 7 financial financial ADJ mp48sb41q51 10 8 sector sector NOUN mp48sb41q51 10 9 and and CCONJ mp48sb41q51 10 10 analyzes analyze VERB mp48sb41q51 10 11 the the DET mp48sb41q51 10 12 interbank interbank NOUN mp48sb41q51 10 13 lending lending NOUN mp48sb41q51 10 14 market market NOUN mp48sb41q51 10 15 through through ADP mp48sb41q51 10 16 the the DET mp48sb41q51 10 17 lens lens NOUN mp48sb41q51 10 18 of of ADP mp48sb41q51 10 19 network network NOUN mp48sb41q51 10 20 theory theory NOUN mp48sb41q51 10 21 , , PUNCT mp48sb41q51 10 22 intending intend VERB mp48sb41q51 10 23 to to PART mp48sb41q51 10 24 evaluate evaluate VERB mp48sb41q51 10 25 how how SCONJ mp48sb41q51 10 26 developments development NOUN mp48sb41q51 10 27 in in ADP mp48sb41q51 10 28 this this DET mp48sb41q51 10 29 market market NOUN mp48sb41q51 10 30 affect affect VERB mp48sb41q51 10 31 the the DET mp48sb41q51 10 32 overall overall ADJ mp48sb41q51 10 33 economy economy NOUN mp48sb41q51 10 34 . . PUNCT mp48sb41q51 11 1 more more ADV mp48sb41q51 11 2 specifically specifically ADV mp48sb41q51 11 3 , , PUNCT mp48sb41q51 11 4 i i PRON mp48sb41q51 11 5 examine examine VERB mp48sb41q51 11 6 the the DET mp48sb41q51 11 7 implications implication NOUN mp48sb41q51 11 8 of of ADP mp48sb41q51 11 9 changes change NOUN mp48sb41q51 11 10 in in ADP mp48sb41q51 11 11 the the DET mp48sb41q51 11 12 interbank interbank NOUN mp48sb41q51 11 13 lending lending NOUN mp48sb41q51 11 14 network network NOUN mp48sb41q51 11 15 for for ADP mp48sb41q51 11 16 the the DET mp48sb41q51 11 17 aggregate aggregate ADJ mp48sb41q51 11 18 loan loan NOUN mp48sb41q51 11 19 rate rate NOUN mp48sb41q51 11 20 and and CCONJ mp48sb41q51 11 21 lending lending NOUN mp48sb41q51 11 22 to to ADP mp48sb41q51 11 23 the the DET mp48sb41q51 11 24 real real ADJ mp48sb41q51 11 25 sector sector NOUN mp48sb41q51 11 26 . . PUNCT mp48sb41q51 12 1 i i PRON mp48sb41q51 12 2 show show VERB mp48sb41q51 12 3 that that SCONJ mp48sb41q51 12 4 the the DET mp48sb41q51 12 5 aggregate aggregate ADJ mp48sb41q51 12 6 loan loan NOUN mp48sb41q51 12 7 rate rate NOUN mp48sb41q51 12 8 increases increase NOUN mp48sb41q51 12 9 in in ADP mp48sb41q51 12 10 response response NOUN mp48sb41q51 12 11 to to ADP mp48sb41q51 12 12 a a DET mp48sb41q51 12 13 shock shock NOUN mp48sb41q51 12 14 that that PRON mp48sb41q51 12 15 destroys destroy VERB mp48sb41q51 12 16 a a DET mp48sb41q51 12 17 large large ADJ mp48sb41q51 12 18 fraction fraction NOUN mp48sb41q51 12 19 of of ADP mp48sb41q51 12 20 bank bank NOUN mp48sb41q51 12 21 relationships relationship NOUN mp48sb41q51 12 22 and and CCONJ mp48sb41q51 12 23 decreases decrease NOUN mp48sb41q51 12 24 in in ADP mp48sb41q51 12 25 response response NOUN mp48sb41q51 12 26 to to ADP mp48sb41q51 12 27 a a DET mp48sb41q51 12 28 shock shock NOUN mp48sb41q51 12 29 that that PRON mp48sb41q51 12 30 destroys destroy VERB mp48sb41q51 12 31 a a DET mp48sb41q51 12 32 small small ADJ mp48sb41q51 12 33 fraction fraction NOUN mp48sb41q51 12 34 of of ADP mp48sb41q51 12 35 bank bank NOUN mp48sb41q51 12 36 relationships relationship NOUN mp48sb41q51 12 37 . . PUNCT mp48sb41q51 13 1 furthermore furthermore ADV mp48sb41q51 13 2 , , PUNCT mp48sb41q51 13 3 i i PRON mp48sb41q51 13 4 find find VERB mp48sb41q51 13 5 that that SCONJ mp48sb41q51 13 6 the the DET mp48sb41q51 13 7 topology topology NOUN mp48sb41q51 13 8 of of ADP mp48sb41q51 13 9 the the DET mp48sb41q51 13 10 interbank interbank NOUN mp48sb41q51 13 11 network network NOUN mp48sb41q51 13 12 matters matter NOUN mp48sb41q51 13 13 for for ADP mp48sb41q51 13 14 these these DET mp48sb41q51 13 15 dynamics dynamic NOUN mp48sb41q51 13 16 : : PUNCT mp48sb41q51 13 17 the the DET mp48sb41q51 13 18 loan loan NOUN mp48sb41q51 13 19 rate rate NOUN mp48sb41q51 13 20 is be AUX mp48sb41q51 13 21 less less ADV mp48sb41q51 13 22 responsive responsive ADJ mp48sb41q51 13 23 to to ADP mp48sb41q51 13 24 the the DET mp48sb41q51 13 25 network network NOUN mp48sb41q51 13 26 disruptions disruption NOUN mp48sb41q51 13 27 if if SCONJ mp48sb41q51 13 28 the the DET mp48sb41q51 13 29 interbank interbank NOUN mp48sb41q51 13 30 network network NOUN mp48sb41q51 13 31 is be AUX mp48sb41q51 13 32 incomplete incomplete ADJ mp48sb41q51 13 33 . . PUNCT mp48sb41q51 14 1 the the DET mp48sb41q51 14 2 amplification amplification NOUN mp48sb41q51 14 3 and and CCONJ mp48sb41q51 14 4 propagation propagation NOUN mp48sb41q51 14 5 of of ADP mp48sb41q51 14 6 these these DET mp48sb41q51 14 7 network network NOUN mp48sb41q51 14 8 shocks shock NOUN mp48sb41q51 14 9 depend depend VERB mp48sb41q51 14 10 on on ADP mp48sb41q51 14 11 the the DET mp48sb41q51 14 12 corridor corridor NOUN mp48sb41q51 14 13 of of ADP mp48sb41q51 14 14 the the DET mp48sb41q51 14 15 policy policy NOUN mp48sb41q51 14 16 rates rate NOUN mp48sb41q51 14 17 set set VERB mp48sb41q51 14 18 by by ADP mp48sb41q51 14 19 the the DET mp48sb41q51 14 20 central central ADJ mp48sb41q51 14 21 bank bank NOUN mp48sb41q51 14 22 . . PUNCT mp48sb41q51 15 1 in in ADP mp48sb41q51 15 2 particular particular ADJ mp48sb41q51 15 3 , , PUNCT mp48sb41q51 15 4 as as SCONJ mp48sb41q51 15 5 the the DET mp48sb41q51 15 6 difference difference NOUN mp48sb41q51 15 7 between between ADP mp48sb41q51 15 8 the the DET mp48sb41q51 15 9 discount discount NOUN mp48sb41q51 15 10 window window NOUN mp48sb41q51 15 11 rate rate NOUN mp48sb41q51 15 12 and and CCONJ mp48sb41q51 15 13 the the DET mp48sb41q51 15 14 interest interest NOUN mp48sb41q51 15 15 rate rate NOUN mp48sb41q51 15 16 on on ADP mp48sb41q51 15 17 excess excess ADJ mp48sb41q51 15 18 reserves reserve NOUN mp48sb41q51 15 19 decreases decrease VERB mp48sb41q51 15 20 , , PUNCT mp48sb41q51 15 21 the the DET mp48sb41q51 15 22 effect effect NOUN mp48sb41q51 15 23 of of ADP mp48sb41q51 15 24 a a DET mp48sb41q51 15 25 network network NOUN mp48sb41q51 15 26 disruption disruption NOUN mp48sb41q51 15 27 on on ADP mp48sb41q51 15 28 loan loan NOUN mp48sb41q51 15 29 rates rate NOUN mp48sb41q51 15 30 becomes become VERB mp48sb41q51 15 31 less less ADV mp48sb41q51 15 32 significant significant ADJ mp48sb41q51 15 33 but but CCONJ mp48sb41q51 15 34 more more ADJ mp48sb41q51 15 35 persistent persistent ADJ mp48sb41q51 15 36 , , PUNCT mp48sb41q51 15 37 which which PRON mp48sb41q51 15 38 in in ADP mp48sb41q51 15 39 turn turn NOUN mp48sb41q51 15 40 leads lead VERB mp48sb41q51 15 41 to to ADP mp48sb41q51 15 42 a a DET mp48sb41q51 15 43 smaller small ADJ mp48sb41q51 15 44 but but CCONJ mp48sb41q51 15 45 more more ADV mp48sb41q51 15 46 prolonged prolonged ADJ mp48sb41q51 15 47 effect effect NOUN mp48sb41q51 15 48 on on ADP mp48sb41q51 15 49 the the DET mp48sb41q51 15 50 real real ADJ mp48sb41q51 15 51 sector sector NOUN mp48sb41q51 15 52 . . PUNCT