id	sid	tid	token	lemma	pos
pz50gt57t5t	1	1	macroeconomics	macroeconomic	NOUN
pz50gt57t5t	1	2	was	be	AUX
pz50gt57t5t	1	3	born	bear	VERB
pz50gt57t5t	1	4	as	as	ADP
pz50gt57t5t	1	5	a	a	DET
pz50gt57t5t	1	6	result	result	NOUN
pz50gt57t5t	1	7	of	of	ADP
pz50gt57t5t	1	8	one	one	NUM
pz50gt57t5t	1	9	of	of	ADP
pz50gt57t5t	1	10	the	the	DET
pz50gt57t5t	1	11	worst	bad	ADJ
pz50gt57t5t	1	12	financial	financial	ADJ
pz50gt57t5t	1	13	collapses	collapse	NOUN
pz50gt57t5t	1	14	in	in	ADP
pz50gt57t5t	1	15	human	human	ADJ
pz50gt57t5t	1	16	history	history	NOUN
pz50gt57t5t	1	17	:	:	PUNCT
pz50gt57t5t	1	18	the	the	DET
pz50gt57t5t	1	19	1930	1930	NUM
pz50gt57t5t	1	20	's	's	PART
pz50gt57t5t	1	21	great	great	ADJ
pz50gt57t5t	1	22	depression	depression	NOUN
pz50gt57t5t	1	23	.	.	PUNCT
pz50gt57t5t	2	1	since	since	SCONJ
pz50gt57t5t	2	2	then	then	ADV
pz50gt57t5t	2	3	,	,	PUNCT
pz50gt57t5t	2	4	a	a	DET
pz50gt57t5t	2	5	rich	rich	ADJ
pz50gt57t5t	2	6	and	and	CCONJ
pz50gt57t5t	2	7	comprehensive	comprehensive	ADJ
pz50gt57t5t	2	8	literature	literature	NOUN
pz50gt57t5t	2	9	on	on	ADP
pz50gt57t5t	2	10	the	the	DET
pz50gt57t5t	2	11	causes	cause	NOUN
pz50gt57t5t	2	12	and	and	CCONJ
pz50gt57t5t	2	13	economic	economic	ADJ
pz50gt57t5t	2	14	consequences	consequence	NOUN
pz50gt57t5t	2	15	of	of	ADP
pz50gt57t5t	2	16	financial	financial	ADJ
pz50gt57t5t	2	17	crises	crisis	NOUN
pz50gt57t5t	2	18	has	have	AUX
pz50gt57t5t	2	19	arisen	arise	VERB
pz50gt57t5t	2	20	.	.	PUNCT
pz50gt57t5t	3	1	however	however	ADV
pz50gt57t5t	3	2	,	,	PUNCT
pz50gt57t5t	3	3	despite	despite	SCONJ
pz50gt57t5t	3	4	our	our	PRON
pz50gt57t5t	3	5	ever	ever	ADV
pz50gt57t5t	3	6	-	-	PUNCT
pz50gt57t5t	3	7	growing	grow	VERB
pz50gt57t5t	3	8	understanding	understanding	NOUN
pz50gt57t5t	3	9	of	of	ADP
pz50gt57t5t	3	10	extreme	extreme	ADJ
pz50gt57t5t	3	11	financial	financial	ADJ
pz50gt57t5t	3	12	events	event	NOUN
pz50gt57t5t	3	13	,	,	PUNCT
pz50gt57t5t	3	14	the	the	DET
pz50gt57t5t	3	15	evolutionary	evolutionary	ADJ
pz50gt57t5t	3	16	nature	nature	NOUN
pz50gt57t5t	3	17	of	of	ADP
pz50gt57t5t	3	18	the	the	DET
pz50gt57t5t	3	19	world	world	NOUN
pz50gt57t5t	3	20	economy	economy	NOUN
pz50gt57t5t	3	21	implies	imply	VERB
pz50gt57t5t	3	22	that	that	SCONJ
pz50gt57t5t	3	23	crises	crisis	NOUN
pz50gt57t5t	3	24	continue	continue	VERB
pz50gt57t5t	3	25	to	to	PART
pz50gt57t5t	3	26	occur	occur	VERB
pz50gt57t5t	3	27	in	in	ADP
pz50gt57t5t	3	28	both	both	PRON
pz50gt57t5t	3	29	,	,	PUNCT
pz50gt57t5t	3	30	known	know	VERB
pz50gt57t5t	3	31	and	and	CCONJ
pz50gt57t5t	3	32	unknown	unknown	ADJ
pz50gt57t5t	3	33	shapes	shape	NOUN
pz50gt57t5t	3	34	and	and	CCONJ
pz50gt57t5t	3	35	forms	form	NOUN
pz50gt57t5t	3	36	.	.	PUNCT
pz50gt57t5t	4	1	as	as	SCONJ
pz50gt57t5t	4	2	shown	show	VERB
pz50gt57t5t	4	3	by	by	ADP
pz50gt57t5t	4	4	the	the	DET
pz50gt57t5t	4	5	2008	2008	NUM
pz50gt57t5t	4	6	's	's	PART
pz50gt57t5t	4	7	great	great	ADJ
pz50gt57t5t	4	8	recession	recession	NOUN
pz50gt57t5t	4	9	,	,	PUNCT
pz50gt57t5t	4	10	economists	economist	NOUN
pz50gt57t5t	4	11	and	and	CCONJ
pz50gt57t5t	4	12	policymakers	policymaker	NOUN
pz50gt57t5t	4	13	often	often	ADV
pz50gt57t5t	4	14	find	find	VERB
pz50gt57t5t	4	15	themselves	themselves	PRON
pz50gt57t5t	4	16	voiceless	voiceless	NOUN
pz50gt57t5t	4	17	when	when	SCONJ
pz50gt57t5t	4	18	confronted	confront	VERB
pz50gt57t5t	4	19	with	with	ADP
pz50gt57t5t	4	20	the	the	DET
pz50gt57t5t	4	21	unexpected	unexpected	ADJ
pz50gt57t5t	4	22	outcomes	outcome	NOUN
pz50gt57t5t	4	23	of	of	ADP
pz50gt57t5t	4	24	modern	modern	ADJ
pz50gt57t5t	4	25	-	-	PUNCT
pz50gt57t5t	4	26	day	day	NOUN
pz50gt57t5t	4	27	financial	financial	ADJ
pz50gt57t5t	4	28	collapses	collapse	NOUN
pz50gt57t5t	4	29	.	.	PUNCT
pz50gt57t5t	5	1	this	this	DET
pz50gt57t5t	5	2	dissertation	dissertation	NOUN
pz50gt57t5t	5	3	studies	study	VERB
pz50gt57t5t	5	4	financial	financial	ADJ
pz50gt57t5t	5	5	crises	crisis	NOUN
pz50gt57t5t	5	6	in	in	ADP
pz50gt57t5t	5	7	emerging	emerge	VERB
pz50gt57t5t	5	8	and	and	CCONJ
pz50gt57t5t	5	9	developing	develop	VERB
pz50gt57t5t	5	10	countries	country	NOUN
pz50gt57t5t	5	11	.	.	PUNCT
pz50gt57t5t	6	1	we	we	PRON
pz50gt57t5t	6	2	focus	focus	VERB
pz50gt57t5t	6	3	on	on	ADP
pz50gt57t5t	6	4	these	these	DET
pz50gt57t5t	6	5	countries	country	NOUN
pz50gt57t5t	6	6	because	because	SCONJ
pz50gt57t5t	6	7	seventy	seventy	NUM
pz50gt57t5t	6	8	-	-	PUNCT
pz50gt57t5t	6	9	five	five	NUM
pz50gt57t5t	6	10	percent	percent	NOUN
pz50gt57t5t	6	11	of	of	ADP
pz50gt57t5t	6	12	all	all	DET
pz50gt57t5t	6	13	the	the	DET
pz50gt57t5t	6	14	registered	register	VERB
pz50gt57t5t	6	15	events	event	NOUN
pz50gt57t5t	6	16	of	of	ADP
pz50gt57t5t	6	17	financial	financial	ADJ
pz50gt57t5t	6	18	distress	distress	NOUN
pz50gt57t5t	6	19	that	that	PRON
pz50gt57t5t	6	20	occurred	occur	VERB
pz50gt57t5t	6	21	between	between	ADP
pz50gt57t5t	6	22	1970	1970	NUM
pz50gt57t5t	6	23	and	and	CCONJ
pz50gt57t5t	6	24	2010	2010	NUM
pz50gt57t5t	6	25	,	,	PUNCT
pz50gt57t5t	6	26	happened	happen	VERB
pz50gt57t5t	6	27	in	in	ADP
pz50gt57t5t	6	28	these	these	DET
pz50gt57t5t	6	29	economies	economy	NOUN
pz50gt57t5t	6	30	(	(	PUNCT
pz50gt57t5t	6	31	reihart	reihart	NOUN
pz50gt57t5t	6	32	and	and	CCONJ
pz50gt57t5t	6	33	rogoff	rogoff	NOUN
pz50gt57t5t	6	34	,	,	PUNCT
pz50gt57t5t	6	35	2011	2011	NUM
pz50gt57t5t	6	36	)	)	PUNCT
pz50gt57t5t	6	37	.	.	PUNCT
pz50gt57t5t	7	1	the	the	DET
pz50gt57t5t	7	2	chapters	chapter	NOUN
pz50gt57t5t	7	3	presented	present	VERB
pz50gt57t5t	7	4	in	in	ADP
pz50gt57t5t	7	5	this	this	DET
pz50gt57t5t	7	6	document	document	NOUN
pz50gt57t5t	7	7	,	,	PUNCT
pz50gt57t5t	7	8	investigate	investigate	VERB
pz50gt57t5t	7	9	the	the	DET
pz50gt57t5t	7	10	three	three	NUM
pz50gt57t5t	7	11	main	main	ADJ
pz50gt57t5t	7	12	subjects	subject	NOUN
pz50gt57t5t	7	13	associated	associate	VERB
pz50gt57t5t	7	14	with	with	ADP
pz50gt57t5t	7	15	financial	financial	ADJ
pz50gt57t5t	7	16	crises	crisis	NOUN
pz50gt57t5t	7	17	:	:	PUNCT
pz50gt57t5t	7	18	origins	origin	NOUN
pz50gt57t5t	7	19	,	,	PUNCT
pz50gt57t5t	7	20	prevention	prevention	NOUN
pz50gt57t5t	7	21	,	,	PUNCT
pz50gt57t5t	7	22	and	and	CCONJ
pz50gt57t5t	7	23	management	management	NOUN
pz50gt57t5t	7	24	.	.	PUNCT
pz50gt57t5t	8	1	economists	economist	NOUN
pz50gt57t5t	8	2	have	have	AUX
pz50gt57t5t	8	3	been	be	AUX
pz50gt57t5t	8	4	very	very	ADV
pz50gt57t5t	8	5	successful	successful	ADJ
pz50gt57t5t	8	6	in	in	ADP
pz50gt57t5t	8	7	understanding	understand	VERB
pz50gt57t5t	8	8	the	the	DET
pz50gt57t5t	8	9	causes	cause	NOUN
pz50gt57t5t	8	10	and	and	CCONJ
pz50gt57t5t	8	11	consequences	consequence	NOUN
pz50gt57t5t	8	12	of	of	ADP
pz50gt57t5t	8	13	financial	financial	ADJ
pz50gt57t5t	8	14	crises	crisis	NOUN
pz50gt57t5t	8	15	over	over	ADV
pz50gt57t5t	8	16	,	,	PUNCT
pz50gt57t5t	8	17	among	among	ADP
pz50gt57t5t	8	18	others	other	NOUN
pz50gt57t5t	8	19	,	,	PUNCT
pz50gt57t5t	8	20	income	income	NOUN
pz50gt57t5t	8	21	,	,	PUNCT
pz50gt57t5t	8	22	trade	trade	NOUN
pz50gt57t5t	8	23	,	,	PUNCT
pz50gt57t5t	8	24	employment	employment	NOUN
pz50gt57t5t	8	25	,	,	PUNCT
pz50gt57t5t	8	26	and	and	CCONJ
pz50gt57t5t	8	27	poverty	poverty	NOUN
pz50gt57t5t	8	28	.	.	PUNCT
pz50gt57t5t	9	1	however	however	ADV
pz50gt57t5t	9	2	,	,	PUNCT
pz50gt57t5t	9	3	when	when	SCONJ
pz50gt57t5t	9	4	determining	determine	VERB
pz50gt57t5t	9	5	policy	policy	NOUN
pz50gt57t5t	9	6	mechanisms	mechanism	NOUN
pz50gt57t5t	9	7	that	that	PRON
pz50gt57t5t	9	8	allow	allow	VERB
pz50gt57t5t	9	9	for	for	ADP
pz50gt57t5t	9	10	effective	effective	ADJ
pz50gt57t5t	9	11	prevention	prevention	NOUN
pz50gt57t5t	9	12	and	and	CCONJ
pz50gt57t5t	9	13	efficient	efficient	ADJ
pz50gt57t5t	9	14	management	management	NOUN
pz50gt57t5t	9	15	policies	policy	NOUN
pz50gt57t5t	9	16	,	,	PUNCT
pz50gt57t5t	9	17	results	result	NOUN
pz50gt57t5t	9	18	have	have	AUX
pz50gt57t5t	9	19	been	be	AUX
pz50gt57t5t	9	20	mixed	mixed	ADJ
pz50gt57t5t	9	21	.	.	PUNCT
pz50gt57t5t	10	1	this	this	DET
pz50gt57t5t	10	2	dissertation	dissertation	NOUN
pz50gt57t5t	10	3	contributes	contribute	VERB
pz50gt57t5t	10	4	to	to	ADP
pz50gt57t5t	10	5	the	the	DET
pz50gt57t5t	10	6	literature	literature	NOUN
pz50gt57t5t	10	7	by	by	ADP
pz50gt57t5t	10	8	proposing	propose	VERB
pz50gt57t5t	10	9	an	an	DET
pz50gt57t5t	10	10	innovative	innovative	ADJ
pz50gt57t5t	10	11	perspective	perspective	NOUN
pz50gt57t5t	10	12	on	on	ADP
pz50gt57t5t	10	13	the	the	DET
pz50gt57t5t	10	14	prevention	prevention	NOUN
pz50gt57t5t	10	15	and	and	CCONJ
pz50gt57t5t	10	16	management	management	NOUN
pz50gt57t5t	10	17	of	of	ADP
pz50gt57t5t	10	18	financial	financial	ADJ
pz50gt57t5t	10	19	crises.chapters	crises.chapters	PROPN
pz50gt57t5t	10	20	1	1	NUM
pz50gt57t5t	10	21	and	and	CCONJ
pz50gt57t5t	10	22	2	2	NUM
pz50gt57t5t	10	23	focus	focus	NOUN
pz50gt57t5t	10	24	on	on	ADP
pz50gt57t5t	10	25	the	the	DET
pz50gt57t5t	10	26	roots	root	NOUN
pz50gt57t5t	10	27	of	of	ADP
pz50gt57t5t	10	28	financial	financial	ADJ
pz50gt57t5t	10	29	crises	crisis	NOUN
pz50gt57t5t	10	30	and	and	CCONJ
pz50gt57t5t	10	31	the	the	DET
pz50gt57t5t	10	32	formulation	formulation	NOUN
pz50gt57t5t	10	33	of	of	ADP
pz50gt57t5t	10	34	optimal	optimal	ADJ
pz50gt57t5t	10	35	macroprudential	macroprudential	ADJ
pz50gt57t5t	10	36	policy	policy	NOUN
pz50gt57t5t	10	37	.	.	PUNCT
pz50gt57t5t	11	1	specifically	specifically	ADV
pz50gt57t5t	11	2	,	,	PUNCT
pz50gt57t5t	11	3	we	we	PRON
pz50gt57t5t	11	4	look	look	VERB
pz50gt57t5t	11	5	at	at	ADP
pz50gt57t5t	11	6	different	different	ADJ
pz50gt57t5t	11	7	scenarios	scenario	NOUN
pz50gt57t5t	11	8	in	in	ADP
pz50gt57t5t	11	9	which	which	PRON
pz50gt57t5t	11	10	imperfect	imperfect	ADJ
pz50gt57t5t	11	11	credit	credit	NOUN
pz50gt57t5t	11	12	markets	market	NOUN
pz50gt57t5t	11	13	lead	lead	VERB
pz50gt57t5t	11	14	to	to	ADP
pz50gt57t5t	11	15	an	an	DET
pz50gt57t5t	11	16	increase	increase	NOUN
pz50gt57t5t	11	17	in	in	ADP
pz50gt57t5t	11	18	the	the	DET
pz50gt57t5t	11	19	frequency	frequency	NOUN
pz50gt57t5t	11	20	and	and	CCONJ
pz50gt57t5t	11	21	the	the	DET
pz50gt57t5t	11	22	severity	severity	NOUN
pz50gt57t5t	11	23	of	of	ADP
pz50gt57t5t	11	24	financial	financial	ADJ
pz50gt57t5t	11	25	collapses	collapse	NOUN
pz50gt57t5t	11	26	.	.	PUNCT
pz50gt57t5t	12	1	we	we	PRON
pz50gt57t5t	12	2	study	study	VERB
pz50gt57t5t	12	3	the	the	DET
pz50gt57t5t	12	4	characteristics	characteristic	NOUN
pz50gt57t5t	12	5	of	of	ADP
pz50gt57t5t	12	6	the	the	DET
pz50gt57t5t	12	7	optimal	optimal	ADJ
pz50gt57t5t	12	8	policy	policy	NOUN
pz50gt57t5t	12	9	that	that	PRON
pz50gt57t5t	12	10	minimizes	minimize	VERB
pz50gt57t5t	12	11	the	the	DET
pz50gt57t5t	12	12	occurrence	occurrence	NOUN
pz50gt57t5t	12	13	of	of	ADP
pz50gt57t5t	12	14	crises	crisis	NOUN
pz50gt57t5t	12	15	and	and	CCONJ
pz50gt57t5t	12	16	restores	restore	VERB
pz50gt57t5t	12	17	efficiency	efficiency	NOUN
pz50gt57t5t	12	18	in	in	ADP
pz50gt57t5t	12	19	the	the	DET
pz50gt57t5t	12	20	market	market	NOUN
pz50gt57t5t	12	21	.	.	PUNCT
pz50gt57t5t	13	1	chapter	chapter	NOUN
pz50gt57t5t	13	2	\	\	X
pz50gt57t5t	13	3	ef{chap	ef{chap	SPACE
pz50gt57t5t	13	4	:	:	PUNCT
pz50gt57t5t	13	5	ch1	ch1	PROPN
pz50gt57t5t	13	6	}	}	PUNCT
pz50gt57t5t	13	7	analyzes	analyze	VERB
pz50gt57t5t	13	8	the	the	DET
pz50gt57t5t	13	9	relationship	relationship	NOUN
pz50gt57t5t	13	10	between	between	ADP
pz50gt57t5t	13	11	information	information	NOUN
pz50gt57t5t	13	12	frictions	friction	NOUN
pz50gt57t5t	13	13	and	and	CCONJ
pz50gt57t5t	13	14	financial	financial	ADJ
pz50gt57t5t	13	15	constraints	constraint	NOUN
pz50gt57t5t	13	16	.	.	PUNCT
pz50gt57t5t	14	1	in	in	ADP
pz50gt57t5t	14	2	particular	particular	ADJ
pz50gt57t5t	14	3	,	,	PUNCT
pz50gt57t5t	14	4	we	we	PRON
pz50gt57t5t	14	5	relax	relax	VERB
pz50gt57t5t	14	6	the	the	DET
pz50gt57t5t	14	7	perfect	perfect	ADJ
pz50gt57t5t	14	8	information	information	NOUN
pz50gt57t5t	14	9	assumption	assumption	NOUN
pz50gt57t5t	14	10	in	in	ADP
pz50gt57t5t	14	11	a	a	DET
pz50gt57t5t	14	12	small	small	ADJ
pz50gt57t5t	14	13	open	open	ADJ
pz50gt57t5t	14	14	economy	economy	NOUN
pz50gt57t5t	14	15	with	with	ADP
pz50gt57t5t	14	16	collateral	collateral	ADJ
pz50gt57t5t	14	17	constraints	constraint	NOUN
pz50gt57t5t	14	18	.	.	PUNCT
pz50gt57t5t	15	1	under	under	ADP
pz50gt57t5t	15	2	such	such	DET
pz50gt57t5t	15	3	a	a	DET
pz50gt57t5t	15	4	condition	condition	NOUN
pz50gt57t5t	15	5	,	,	PUNCT
pz50gt57t5t	15	6	households	household	NOUN
pz50gt57t5t	15	7	observe	observe	VERB
pz50gt57t5t	15	8	income	income	NOUN
pz50gt57t5t	15	9	growth	growth	NOUN
pz50gt57t5t	15	10	but	but	CCONJ
pz50gt57t5t	15	11	do	do	AUX
pz50gt57t5t	15	12	not	not	PART
pz50gt57t5t	15	13	perceive	perceive	VERB
pz50gt57t5t	15	14	whether	whether	SCONJ
pz50gt57t5t	15	15	the	the	DET
pz50gt57t5t	15	16	underlying	underlying	ADJ
pz50gt57t5t	15	17	shocks	shock	NOUN
pz50gt57t5t	15	18	are	be	AUX
pz50gt57t5t	15	19	permanent	permanent	ADJ
pz50gt57t5t	15	20	or	or	CCONJ
pz50gt57t5t	15	21	transitory	transitory	ADJ
pz50gt57t5t	15	22	.	.	PUNCT
pz50gt57t5t	16	1	we	we	PRON
pz50gt57t5t	16	2	find	find	VERB
pz50gt57t5t	16	3	that	that	SCONJ
pz50gt57t5t	16	4	the	the	DET
pz50gt57t5t	16	5	likelihood	likelihood	NOUN
pz50gt57t5t	16	6	and	and	CCONJ
pz50gt57t5t	16	7	severity	severity	NOUN
pz50gt57t5t	16	8	of	of	ADP
pz50gt57t5t	16	9	financial	financial	ADJ
pz50gt57t5t	16	10	crises	crisis	NOUN
pz50gt57t5t	16	11	increase	increase	VERB
pz50gt57t5t	16	12	due	due	ADP
pz50gt57t5t	16	13	to	to	ADP
pz50gt57t5t	16	14	the	the	DET
pz50gt57t5t	16	15	interaction	interaction	NOUN
pz50gt57t5t	16	16	between	between	ADP
pz50gt57t5t	16	17	the	the	DET
pz50gt57t5t	16	18	information	information	NOUN
pz50gt57t5t	16	19	friction	friction	NOUN
pz50gt57t5t	16	20	and	and	CCONJ
pz50gt57t5t	16	21	a	a	DET
pz50gt57t5t	16	22	pecuniary	pecuniary	ADJ
pz50gt57t5t	16	23	externality	externality	NOUN
pz50gt57t5t	16	24	that	that	PRON
pz50gt57t5t	16	25	emerges	emerge	VERB
pz50gt57t5t	16	26	when	when	SCONJ
pz50gt57t5t	16	27	households	household	NOUN
pz50gt57t5t	16	28	use	use	VERB
pz50gt57t5t	16	29	an	an	DET
pz50gt57t5t	16	30	asset	asset	NOUN
pz50gt57t5t	16	31	valued	value	VERB
pz50gt57t5t	16	32	at	at	ADP
pz50gt57t5t	16	33	market	market	NOUN
pz50gt57t5t	16	34	prices	price	NOUN
pz50gt57t5t	16	35	as	as	ADP
pz50gt57t5t	16	36	collateral	collateral	NOUN
pz50gt57t5t	16	37	.	.	PUNCT
pz50gt57t5t	17	1	our	our	PRON
pz50gt57t5t	17	2	results	result	NOUN
pz50gt57t5t	17	3	also	also	ADV
pz50gt57t5t	17	4	show	show	VERB
pz50gt57t5t	17	5	that	that	SCONJ
pz50gt57t5t	17	6	the	the	DET
pz50gt57t5t	17	7	optimal	optimal	ADJ
pz50gt57t5t	17	8	tax	tax	NOUN
pz50gt57t5t	17	9	to	to	PART
pz50gt57t5t	17	10	restore	restore	VERB
pz50gt57t5t	17	11	constrained	constrain	VERB
pz50gt57t5t	17	12	efficiency	efficiency	NOUN
pz50gt57t5t	17	13	is	be	AUX
pz50gt57t5t	17	14	six	six	NUM
pz50gt57t5t	17	15	times	time	NOUN
pz50gt57t5t	17	16	larger	large	ADJ
pz50gt57t5t	17	17	than	than	ADP
pz50gt57t5t	17	18	under	under	ADP
pz50gt57t5t	17	19	perfect	perfect	ADJ
pz50gt57t5t	17	20	information	information	NOUN
pz50gt57t5t	17	21	.	.	PUNCT
pz50gt57t5t	18	1	chapter	chapter	NOUN
pz50gt57t5t	18	2	2	2	NUM
pz50gt57t5t	18	3	provides	provide	VERB
pz50gt57t5t	18	4	a	a	DET
pz50gt57t5t	18	5	quantitative	quantitative	ADJ
pz50gt57t5t	18	6	link	link	NOUN
pz50gt57t5t	18	7	between	between	ADP
pz50gt57t5t	18	8	the	the	DET
pz50gt57t5t	18	9	macroeconomic	macroeconomic	ADJ
pz50gt57t5t	18	10	relevance	relevance	NOUN
pz50gt57t5t	18	11	of	of	ADP
pz50gt57t5t	18	12	overborrowing	overborrowe	VERB
pz50gt57t5t	18	13	and	and	CCONJ
pz50gt57t5t	18	14	the	the	DET
pz50gt57t5t	18	15	significance	significance	NOUN
pz50gt57t5t	18	16	of	of	ADP
pz50gt57t5t	18	17	permanent	permanent	ADJ
pz50gt57t5t	18	18	shocks	shock	NOUN
pz50gt57t5t	18	19	to	to	ADP
pz50gt57t5t	18	20	the	the	DET
pz50gt57t5t	18	21	economy	economy	NOUN
pz50gt57t5t	18	22	.	.	PUNCT
pz50gt57t5t	19	1	we	we	PRON
pz50gt57t5t	19	2	propose	propose	VERB
pz50gt57t5t	19	3	an	an	DET
pz50gt57t5t	19	4	innovative	innovative	ADJ
pz50gt57t5t	19	5	approach	approach	NOUN
pz50gt57t5t	19	6	to	to	PART
pz50gt57t5t	19	7	estimate	estimate	VERB
pz50gt57t5t	19	8	the	the	DET
pz50gt57t5t	19	9	unobservable	unobservable	ADJ
pz50gt57t5t	19	10	permanent	permanent	ADJ
pz50gt57t5t	19	11	and	and	CCONJ
pz50gt57t5t	19	12	transitory	transitory	ADJ
pz50gt57t5t	19	13	components	component	NOUN
pz50gt57t5t	19	14	of	of	ADP
pz50gt57t5t	19	15	income	income	NOUN
pz50gt57t5t	19	16	and	and	CCONJ
pz50gt57t5t	19	17	show	show	VERB
pz50gt57t5t	19	18	that	that	SCONJ
pz50gt57t5t	19	19	as	as	SCONJ
pz50gt57t5t	19	20	the	the	DET
pz50gt57t5t	19	21	transitory	transitory	NOUN
pz50gt57t5t	19	22	-	-	PUNCT
pz50gt57t5t	19	23	to	to	ADP
pz50gt57t5t	19	24	-	-	PUNCT
pz50gt57t5t	19	25	permanent	permanent	ADJ
pz50gt57t5t	19	26	volatility	volatility	NOUN
pz50gt57t5t	19	27	ratio	ratio	NOUN
pz50gt57t5t	19	28	decreases	decrease	VERB
pz50gt57t5t	19	29	,	,	PUNCT
pz50gt57t5t	19	30	the	the	DET
pz50gt57t5t	19	31	degree	degree	NOUN
pz50gt57t5t	19	32	of	of	ADP
pz50gt57t5t	19	33	overborrowing	overborrowe	VERB
pz50gt57t5t	19	34	in	in	ADP
pz50gt57t5t	19	35	a	a	DET
pz50gt57t5t	19	36	decentralized	decentralized	ADJ
pz50gt57t5t	19	37	economy	economy	NOUN
pz50gt57t5t	19	38	converges	converge	NOUN
pz50gt57t5t	19	39	to	to	ADP
pz50gt57t5t	19	40	zero	zero	NUM
pz50gt57t5t	19	41	.	.	PUNCT
pz50gt57t5t	20	1	moreover	moreover	ADV
pz50gt57t5t	20	2	,	,	PUNCT
pz50gt57t5t	20	3	as	as	SCONJ
pz50gt57t5t	20	4	the	the	DET
pz50gt57t5t	20	5	permanent	permanent	ADJ
pz50gt57t5t	20	6	shocks	shock	NOUN
pz50gt57t5t	20	7	to	to	ADP
pz50gt57t5t	20	8	income	income	NOUN
pz50gt57t5t	20	9	become	become	VERB
pz50gt57t5t	20	10	more	more	ADV
pz50gt57t5t	20	11	relevant	relevant	ADJ
pz50gt57t5t	20	12	to	to	ADP
pz50gt57t5t	20	13	the	the	DET
pz50gt57t5t	20	14	economy	economy	NOUN
pz50gt57t5t	20	15	,	,	PUNCT
pz50gt57t5t	20	16	the	the	DET
pz50gt57t5t	20	17	number	number	NOUN
pz50gt57t5t	20	18	of	of	ADP
pz50gt57t5t	20	19	crises	crisis	NOUN
pz50gt57t5t	20	20	occurring	occur	VERB
pz50gt57t5t	20	21	because	because	SCONJ
pz50gt57t5t	20	22	of	of	ADP
pz50gt57t5t	20	23	overborrowing	overborrowe	VERB
pz50gt57t5t	20	24	falls.in	falls.in	NUM
pz50gt57t5t	20	25	chapter	chapter	NOUN
pz50gt57t5t	20	26	3	3	NUM
pz50gt57t5t	20	27	,	,	PUNCT
pz50gt57t5t	20	28	we	we	PRON
pz50gt57t5t	20	29	turn	turn	VERB
pz50gt57t5t	20	30	our	our	PRON
pz50gt57t5t	20	31	attention	attention	NOUN
pz50gt57t5t	20	32	to	to	ADP
pz50gt57t5t	20	33	the	the	DET
pz50gt57t5t	20	34	case	case	NOUN
pz50gt57t5t	20	35	of	of	ADP
pz50gt57t5t	20	36	economies	economy	NOUN
pz50gt57t5t	20	37	with	with	ADP
pz50gt57t5t	20	38	highly	highly	ADV
pz50gt57t5t	20	39	indebted	indebted	ADJ
pz50gt57t5t	20	40	governments	government	NOUN
pz50gt57t5t	20	41	that	that	PRON
pz50gt57t5t	20	42	are	be	AUX
pz50gt57t5t	20	43	forced	force	VERB
pz50gt57t5t	20	44	to	to	PART
pz50gt57t5t	20	45	reduce	reduce	VERB
pz50gt57t5t	20	46	their	their	PRON
pz50gt57t5t	20	47	debt	debt	NOUN
pz50gt57t5t	20	48	-	-	PUNCT
pz50gt57t5t	20	49	to	to	ADP
pz50gt57t5t	20	50	-	-	PUNCT
pz50gt57t5t	20	51	gdp	gdp	NOUN
pz50gt57t5t	20	52	ratio	ratio	NOUN
pz50gt57t5t	20	53	in	in	ADP
pz50gt57t5t	20	54	order	order	NOUN
pz50gt57t5t	20	55	to	to	PART
pz50gt57t5t	20	56	bring	bring	VERB
pz50gt57t5t	20	57	the	the	DET
pz50gt57t5t	20	58	budget	budget	NOUN
pz50gt57t5t	20	59	under	under	ADP
pz50gt57t5t	20	60	control	control	NOUN
pz50gt57t5t	20	61	.	.	PUNCT
pz50gt57t5t	21	1	the	the	DET
pz50gt57t5t	21	2	chapter	chapter	NOUN
pz50gt57t5t	21	3	proposes	propose	VERB
pz50gt57t5t	21	4	a	a	DET
pz50gt57t5t	21	5	quantitative	quantitative	ADJ
pz50gt57t5t	21	6	framework	framework	NOUN
pz50gt57t5t	21	7	that	that	PRON
pz50gt57t5t	21	8	sheds	shed	VERB
pz50gt57t5t	21	9	light	light	NOUN
pz50gt57t5t	21	10	on	on	ADP
pz50gt57t5t	21	11	the	the	DET
pz50gt57t5t	21	12	optimal	optimal	ADJ
pz50gt57t5t	21	13	path	path	NOUN
pz50gt57t5t	21	14	that	that	PRON
pz50gt57t5t	21	15	authorities	authority	NOUN
pz50gt57t5t	21	16	can	can	AUX
pz50gt57t5t	21	17	follow	follow	VERB
pz50gt57t5t	21	18	to	to	PART
pz50gt57t5t	21	19	achieve	achieve	VERB
pz50gt57t5t	21	20	fiscal	fiscal	ADJ
pz50gt57t5t	21	21	consolidation	consolidation	NOUN
pz50gt57t5t	21	22	.	.	PUNCT
pz50gt57t5t	22	1	we	we	PRON
pz50gt57t5t	22	2	argue	argue	VERB
pz50gt57t5t	22	3	that	that	SCONJ
pz50gt57t5t	22	4	the	the	DET
pz50gt57t5t	22	5	optimal	optimal	ADJ
pz50gt57t5t	22	6	design	design	NOUN
pz50gt57t5t	22	7	of	of	ADP
pz50gt57t5t	22	8	a	a	DET
pz50gt57t5t	22	9	consolidation	consolidation	NOUN
pz50gt57t5t	22	10	plan	plan	NOUN
pz50gt57t5t	22	11	must	must	AUX
pz50gt57t5t	22	12	consider	consider	VERB
pz50gt57t5t	22	13	the	the	DET
pz50gt57t5t	22	14	transition	transition	NOUN
pz50gt57t5t	22	15	dynamics	dynamic	NOUN
pz50gt57t5t	22	16	of	of	ADP
pz50gt57t5t	22	17	the	the	DET
pz50gt57t5t	22	18	economy	economy	NOUN
pz50gt57t5t	22	19	and	and	CCONJ
pz50gt57t5t	22	20	maximize	maximize	VERB
pz50gt57t5t	22	21	either	either	CCONJ
pz50gt57t5t	22	22	welfare	welfare	NOUN
pz50gt57t5t	22	23	or	or	CCONJ
pz50gt57t5t	22	24	another	another	DET
pz50gt57t5t	22	25	measure	measure	NOUN
pz50gt57t5t	22	26	of	of	ADP
pz50gt57t5t	22	27	prosperity	prosperity	NOUN
pz50gt57t5t	22	28	.	.	PUNCT
pz50gt57t5t	23	1	our	our	PRON
pz50gt57t5t	23	2	quantitative	quantitative	ADJ
pz50gt57t5t	23	3	model	model	NOUN
pz50gt57t5t	23	4	explores	explore	VERB
pz50gt57t5t	23	5	the	the	DET
pz50gt57t5t	23	6	case	case	NOUN
pz50gt57t5t	23	7	of	of	ADP
pz50gt57t5t	23	8	small	small	ADJ
pz50gt57t5t	23	9	open	open	ADJ
pz50gt57t5t	23	10	economies	economy	NOUN
pz50gt57t5t	23	11	under	under	ADP
pz50gt57t5t	23	12	different	different	ADJ
pz50gt57t5t	23	13	monetary	monetary	ADJ
pz50gt57t5t	23	14	policy	policy	NOUN
pz50gt57t5t	23	15	regimes	regime	NOUN
pz50gt57t5t	23	16	.	.	PUNCT
pz50gt57t5t	24	1	we	we	PRON
pz50gt57t5t	24	2	conclude	conclude	VERB
pz50gt57t5t	24	3	that	that	SCONJ
pz50gt57t5t	24	4	currency	currency	NOUN
pz50gt57t5t	24	5	devaluation	devaluation	NOUN
pz50gt57t5t	24	6	is	be	AUX
pz50gt57t5t	24	7	a	a	DET
pz50gt57t5t	24	8	critical	critical	ADJ
pz50gt57t5t	24	9	factor	factor	NOUN
pz50gt57t5t	24	10	in	in	ADP
pz50gt57t5t	24	11	stabilizing	stabilize	VERB
pz50gt57t5t	24	12	output	output	NOUN
pz50gt57t5t	24	13	during	during	ADP
pz50gt57t5t	24	14	a	a	DET
pz50gt57t5t	24	15	fiscal	fiscal	ADJ
pz50gt57t5t	24	16	contraction	contraction	NOUN
pz50gt57t5t	24	17	.	.	PUNCT