id	sid	tid	token	lemma	pos
aisthesis-39	1	1	abstract	abstract	NOUN
aisthesis-39	1	2	:	:	PUNCT
aisthesis-39	1	3	the	the	DET
aisthesis-39	1	4	recent	recent	ADJ
aisthesis-39	1	5	economics	economics	NOUN
aisthesis-39	1	6	literature	literature	NOUN
aisthesis-39	1	7	has	have	AUX
aisthesis-39	1	8	focused	focus	VERB
aisthesis-39	1	9	on	on	ADP
aisthesis-39	1	10	establishing	establish	VERB
aisthesis-39	1	11	a	a	DET
aisthesis-39	1	12	general	general	ADJ
aisthesis-39	1	13	debt	debt	NOUN
aisthesis-39	1	14	-	-	PUNCT
aisthesis-39	1	15	to	to	ADP
aisthesis-39	1	16	-	-	PUNCT
aisthesis-39	1	17	gdp	gdp	NOUN
aisthesis-39	1	18	threshold	threshold	NOUN
aisthesis-39	1	19	across	across	ADP
aisthesis-39	1	20	countries	country	NOUN
aisthesis-39	1	21	where	where	SCONJ
aisthesis-39	1	22	output	output	NOUN
aisthesis-39	1	23	growth	growth	NOUN
aisthesis-39	1	24	becomes	become	VERB
aisthesis-39	1	25	negatively	negatively	ADV
aisthesis-39	1	26	affected	affect	VERB
aisthesis-39	1	27	.	.	PUNCT
aisthesis-39	2	1	this	this	DET
aisthesis-39	2	2	paper	paper	NOUN
aisthesis-39	2	3	,	,	PUNCT
aisthesis-39	2	4	conversely	conversely	ADV
aisthesis-39	2	5	,	,	PUNCT
aisthesis-39	2	6	attempts	attempt	VERB
aisthesis-39	2	7	to	to	PART
aisthesis-39	2	8	establish	establish	VERB
aisthesis-39	2	9	debt	debt	NOUN
aisthesis-39	2	10	-	-	PUNCT
aisthesis-39	2	11	to	to	ADP
aisthesis-39	2	12	-	-	PUNCT
aisthesis-39	2	13	gdp	gdp	NOUN
aisthesis-39	2	14	thresholds	threshold	NOUN
aisthesis-39	2	15	for	for	ADP
aisthesis-39	2	16	individual	individual	ADJ
aisthesis-39	2	17	countries	country	NOUN
aisthesis-39	2	18	,	,	PUNCT
aisthesis-39	2	19	the	the	DET
aisthesis-39	2	20	purpose	purpose	NOUN
aisthesis-39	2	21	of	of	ADP
aisthesis-39	2	22	which	which	PRON
aisthesis-39	2	23	is	be	AUX
aisthesis-39	2	24	to	to	PART
aisthesis-39	2	25	show	show	VERB
aisthesis-39	2	26	that	that	SCONJ
aisthesis-39	2	27	a	a	DET
aisthesis-39	2	28	country	country	NOUN
aisthesis-39	2	29	’s	’s	PART
aisthesis-39	2	30	fiscal	fiscal	ADJ
aisthesis-39	2	31	policy	policy	NOUN
aisthesis-39	2	32	decisions	decision	NOUN
aisthesis-39	2	33	should	should	AUX
aisthesis-39	2	34	be	be	AUX
aisthesis-39	2	35	based	base	VERB
aisthesis-39	2	36	on	on	ADP
aisthesis-39	2	37	data	datum	NOUN
aisthesis-39	2	38	specific	specific	ADJ
aisthesis-39	2	39	to	to	ADP
aisthesis-39	2	40	that	that	DET
aisthesis-39	2	41	country	country	NOUN
aisthesis-39	2	42	,	,	PUNCT
aisthesis-39	2	43	which	which	PRON
aisthesis-39	2	44	should	should	AUX
aisthesis-39	2	45	foster	foster	VERB
aisthesis-39	2	46	more	more	ADV
aisthesis-39	2	47	informed	informed	ADJ
aisthesis-39	2	48	and	and	CCONJ
aisthesis-39	2	49	prudent	prudent	ADJ
aisthesis-39	2	50	policy	policy	NOUN
aisthesis-39	2	51	making	making	NOUN
aisthesis-39	2	52	.	.	PUNCT
aisthesis-39	3	1	aisthesis	aisthesis	NOUN
aisthesis-39	3	2	volume	volume	NOUN
aisthesis-39	3	3	8	8	NUM
aisthesis-39	3	4	,	,	PUNCT
aisthesis-39	3	5	201726	201726	NUM
aisthesis-39	3	6	the	the	DET
aisthesis-39	3	7	debt	debt	NOUN
aisthesis-39	3	8	-	-	PUNCT
aisthesis-39	3	9	to	to	ADP
aisthesis-39	3	10	-	-	PUNCT
aisthesis-39	3	11	gdp	gdp	NOUN
aisthesis-39	3	12	threshold	threshold	NOUN
aisthesis-39	3	13	effect	effect	NOUN
aisthesis-39	3	14	on	on	ADP
aisthesis-39	3	15	output	output	NOUN
aisthesis-39	3	16	:	:	PUNCT
aisthesis-39	3	17	a	a	DET
aisthesis-39	3	18	countryspecific	countryspecific	NOUN
aisthesis-39	3	19	analysis	analysis	NOUN
aisthesis-39	3	20	by	by	ADP
aisthesis-39	3	21	luke	luke	PROPN
aisthesis-39	3	22	lechtenberg	lechtenberg	PROPN
aisthesis-39	3	23	introduction	introduction	NOUN
aisthesis-39	3	24	in	in	ADP
aisthesis-39	3	25	the	the	DET
aisthesis-39	3	26	aftermath	aftermath	NOUN
aisthesis-39	3	27	of	of	ADP
aisthesis-39	3	28	the	the	DET
aisthesis-39	3	29	2008	2008	NUM
aisthesis-39	3	30	financial	financial	ADJ
aisthesis-39	3	31	crisis	crisis	NOUN
aisthesis-39	3	32	,	,	PUNCT
aisthesis-39	3	33	economists	economist	NOUN
aisthesis-39	3	34	began	begin	VERB
aisthesis-39	3	35	conducting	conduct	VERB
aisthesis-39	3	36	a	a	DET
aisthesis-39	3	37	postmortem	postmortem	NOUN
aisthesis-39	3	38	,	,	PUNCT
aisthesis-39	3	39	asking	ask	VERB
aisthesis-39	3	40	questions	question	NOUN
aisthesis-39	3	41	such	such	ADJ
aisthesis-39	3	42	as	as	ADP
aisthesis-39	3	43	:	:	PUNCT
aisthesis-39	3	44	how	how	SCONJ
aisthesis-39	3	45	did	do	AUX
aisthesis-39	3	46	this	this	PRON
aisthesis-39	3	47	happen	happen	VERB
aisthesis-39	3	48	,	,	PUNCT
aisthesis-39	3	49	how	how	SCONJ
aisthesis-39	3	50	could	could	AUX
aisthesis-39	3	51	it	it	PRON
aisthesis-39	3	52	have	have	AUX
aisthesis-39	3	53	been	be	AUX
aisthesis-39	3	54	prevented	prevent	VERB
aisthesis-39	3	55	,	,	PUNCT
aisthesis-39	3	56	and	and	CCONJ
aisthesis-39	3	57	how	how	SCONJ
aisthesis-39	3	58	can	can	AUX
aisthesis-39	3	59	we	we	PRON
aisthesis-39	3	60	recover	recover	VERB
aisthesis-39	3	61	from	from	ADP
aisthesis-39	3	62	it	it	PRON
aisthesis-39	3	63	as	as	ADV
aisthesis-39	3	64	quickly	quickly	ADV
aisthesis-39	3	65	as	as	ADP
aisthesis-39	3	66	possible	possible	ADJ
aisthesis-39	3	67	?	?	PUNCT
aisthesis-39	4	1	this	this	DET
aisthesis-39	4	2	paper	paper	NOUN
aisthesis-39	4	3	is	be	AUX
aisthesis-39	4	4	concerned	concern	VERB
aisthesis-39	4	5	with	with	ADP
aisthesis-39	4	6	the	the	DET
aisthesis-39	4	7	lattermost	lattermost	ADJ
aisthesis-39	4	8	question	question	NOUN
aisthesis-39	4	9	,	,	PUNCT
aisthesis-39	4	10	but	but	CCONJ
aisthesis-39	4	11	even	even	ADV
aisthesis-39	4	12	more	more	ADV
aisthesis-39	4	13	specifically	specifically	ADV
aisthesis-39	4	14	,	,	PUNCT
aisthesis-39	4	15	the	the	DET
aisthesis-39	4	16	question	question	NOUN
aisthesis-39	4	17	of	of	ADP
aisthesis-39	4	18	what	what	DET
aisthesis-39	4	19	effect	effect	NOUN
aisthesis-39	4	20	the	the	DET
aisthesis-39	4	21	level	level	NOUN
aisthesis-39	4	22	of	of	ADP
aisthesis-39	4	23	public	public	ADJ
aisthesis-39	4	24	debt	debt	NOUN
aisthesis-39	4	25	has	have	AUX
aisthesis-39	4	26	on	on	ADP
aisthesis-39	4	27	gdp	gdp	NOUN
aisthesis-39	4	28	growth	growth	NOUN
aisthesis-39	4	29	.	.	PUNCT
aisthesis-39	5	1	reinhart	reinhart	NOUN
aisthesis-39	5	2	and	and	CCONJ
aisthesis-39	5	3	rogoff	rogoff	NOUN
aisthesis-39	5	4	(	(	PUNCT
aisthesis-39	5	5	2010	2010	NUM
aisthesis-39	5	6	)	)	PUNCT
aisthesis-39	5	7	,	,	PUNCT
aisthesis-39	5	8	in	in	ADP
aisthesis-39	5	9	their	their	PRON
aisthesis-39	5	10	paper	paper	NOUN
aisthesis-39	5	11	“	"	PUNCT
aisthesis-39	5	12	growth	growth	NOUN
aisthesis-39	5	13	in	in	ADP
aisthesis-39	5	14	a	a	DET
aisthesis-39	5	15	time	time	NOUN
aisthesis-39	5	16	of	of	ADP
aisthesis-39	5	17	debt	debt	NOUN
aisthesis-39	5	18	,	,	PUNCT
aisthesis-39	5	19	”	"	PUNCT
aisthesis-39	5	20	were	be	AUX
aisthesis-39	5	21	the	the	DET
aisthesis-39	5	22	first	first	ADJ
aisthesis-39	5	23	to	to	PART
aisthesis-39	5	24	broach	broach	VERB
aisthesis-39	5	25	this	this	DET
aisthesis-39	5	26	question	question	NOUN
aisthesis-39	5	27	following	follow	VERB
aisthesis-39	5	28	2008	2008	NUM
aisthesis-39	5	29	.	.	PUNCT
aisthesis-39	6	1	they	they	PRON
aisthesis-39	6	2	asserted	assert	VERB
aisthesis-39	6	3	that	that	SCONJ
aisthesis-39	6	4	when	when	SCONJ
aisthesis-39	6	5	a	a	DET
aisthesis-39	6	6	country	country	NOUN
aisthesis-39	6	7	’s	’s	PART
aisthesis-39	6	8	public	public	ADJ
aisthesis-39	6	9	debt	debt	NOUN
aisthesis-39	6	10	reaches	reach	VERB
aisthesis-39	6	11	a	a	DET
aisthesis-39	6	12	90	90	NUM
aisthesis-39	6	13	percent	percent	NOUN
aisthesis-39	6	14	debt	debt	NOUN
aisthesis-39	6	15	-	-	PUNCT
aisthesis-39	6	16	to	to	ADP
aisthesis-39	6	17	-	-	PUNCT
aisthesis-39	6	18	gdp	gdp	NOUN
aisthesis-39	6	19	threshold	threshold	NOUN
aisthesis-39	6	20	,	,	PUNCT
aisthesis-39	6	21	gdp	gdp	NOUN
aisthesis-39	6	22	growth	growth	NOUN
aisthesis-39	6	23	slows	slow	VERB
aisthesis-39	6	24	.	.	PUNCT
aisthesis-39	7	1	their	their	PRON
aisthesis-39	7	2	findings	finding	NOUN
aisthesis-39	7	3	had	have	AUX
aisthesis-39	7	4	far	far	ADV
aisthesis-39	7	5	reaching	reach	VERB
aisthesis-39	7	6	consequences	consequence	NOUN
aisthesis-39	7	7	and	and	CCONJ
aisthesis-39	7	8	prompted	prompt	VERB
aisthesis-39	7	9	many	many	ADJ
aisthesis-39	7	10	eurozone	eurozone	NOUN
aisthesis-39	7	11	governments	government	NOUN
aisthesis-39	7	12	,	,	PUNCT
aisthesis-39	7	13	such	such	ADJ
aisthesis-39	7	14	as	as	ADP
aisthesis-39	7	15	france	france	PROPN
aisthesis-39	7	16	,	,	PUNCT
aisthesis-39	7	17	austria	austria	PROPN
aisthesis-39	7	18	,	,	PUNCT
aisthesis-39	7	19	germany	germany	PROPN
aisthesis-39	7	20	,	,	PUNCT
aisthesis-39	7	21	italy	italy	PROPN
aisthesis-39	7	22	,	,	PUNCT
aisthesis-39	7	23	greece	greece	PROPN
aisthesis-39	7	24	,	,	PUNCT
aisthesis-39	7	25	and	and	CCONJ
aisthesis-39	7	26	the	the	DET
aisthesis-39	7	27	united	united	ADJ
aisthesis-39	7	28	kingdom	kingdom	PROPN
aisthesis-39	7	29	,	,	PUNCT
aisthesis-39	7	30	to	to	PART
aisthesis-39	7	31	enact	enact	VERB
aisthesis-39	7	32	budget	budget	NOUN
aisthesis-39	7	33	austerity	austerity	NOUN
aisthesis-39	7	34	measures	measure	NOUN
aisthesis-39	7	35	in	in	ADP
aisthesis-39	7	36	an	an	DET
aisthesis-39	7	37	effort	effort	NOUN
aisthesis-39	7	38	to	to	PART
aisthesis-39	7	39	avoid	avoid	VERB
aisthesis-39	7	40	the	the	DET
aisthesis-39	7	41	90	90	NUM
aisthesis-39	7	42	percent	percent	NOUN
aisthesis-39	7	43	threshold	threshold	NOUN
aisthesis-39	7	44	.	.	PUNCT
aisthesis-39	8	1	this	this	DET
aisthesis-39	8	2	paper	paper	NOUN
aisthesis-39	8	3	reviews	review	VERB
aisthesis-39	8	4	some	some	PRON
aisthesis-39	8	5	of	of	ADP
aisthesis-39	8	6	the	the	DET
aisthesis-39	8	7	theoretical	theoretical	ADJ
aisthesis-39	8	8	and	and	CCONJ
aisthesis-39	8	9	empirical	empirical	ADJ
aisthesis-39	8	10	economics	economic	NOUN
aisthesis-39	8	11	literature	literature	NOUN
aisthesis-39	8	12	on	on	ADP
aisthesis-39	8	13	this	this	DET
aisthesis-39	8	14	topic	topic	NOUN
aisthesis-39	8	15	,	,	PUNCT
aisthesis-39	8	16	and	and	CCONJ
aisthesis-39	8	17	unlike	unlike	ADP
aisthesis-39	8	18	reinhart	reinhart	NOUN
aisthesis-39	8	19	and	and	CCONJ
aisthesis-39	8	20	rogoff	rogoff	NOUN
aisthesis-39	8	21	(	(	PUNCT
aisthesis-39	8	22	2010	2010	NUM
aisthesis-39	8	23	)	)	PUNCT
aisthesis-39	8	24	,	,	PUNCT
aisthesis-39	8	25	who	who	PRON
aisthesis-39	8	26	establish	establish	VERB
aisthesis-39	8	27	a	a	DET
aisthesis-39	8	28	general	general	ADJ
aisthesis-39	8	29	debt	debt	NOUN
aisthesis-39	8	30	threshold	threshold	NOUN
aisthesis-39	8	31	for	for	ADP
aisthesis-39	8	32	all	all	DET
aisthesis-39	8	33	countries	country	NOUN
aisthesis-39	8	34	,	,	PUNCT
aisthesis-39	8	35	this	this	DET
aisthesis-39	8	36	paper	paper	NOUN
aisthesis-39	8	37	establishes	establish	VERB
aisthesis-39	8	38	debt	debt	NOUN
aisthesis-39	8	39	thresholds	threshold	NOUN
aisthesis-39	8	40	for	for	ADP
aisthesis-39	8	41	individual	individual	ADJ
aisthesis-39	8	42	countries	country	NOUN
aisthesis-39	8	43	through	through	ADP
aisthesis-39	8	44	threshold	threshold	NOUN
aisthesis-39	8	45	regression	regression	NOUN
aisthesis-39	8	46	analysis	analysis	NOUN
aisthesis-39	8	47	and	and	CCONJ
aisthesis-39	8	48	supports	support	VERB
aisthesis-39	8	49	the	the	DET
aisthesis-39	8	50	theory	theory	NOUN
aisthesis-39	8	51	proposed	propose	VERB
aisthesis-39	8	52	by	by	ADP
aisthesis-39	8	53	chudik	chudik	PROPN
aisthesis-39	8	54	et	et	PROPN
aisthesis-39	8	55	al	al	PROPN
aisthesis-39	8	56	.	.	PROPN
aisthesis-39	9	1	(	(	PUNCT
aisthesis-39	9	2	2015	2015	NUM
aisthesis-39	9	3	)	)	PUNCT
aisthesis-39	9	4	that	that	SCONJ
aisthesis-39	9	5	debt	debt	NOUN
aisthesis-39	9	6	trajectory	trajectory	NOUN
aisthesis-39	9	7	,	,	PUNCT
aisthesis-39	9	8	not	not	PART
aisthesis-39	9	9	the	the	DET
aisthesis-39	9	10	level	level	NOUN
aisthesis-39	9	11	of	of	ADP
aisthesis-39	9	12	debt	debt	NOUN
aisthesis-39	9	13	,	,	PUNCT
aisthesis-39	9	14	is	be	AUX
aisthesis-39	9	15	what	what	PRON
aisthesis-39	9	16	affects	affect	VERB
aisthesis-39	9	17	gdp	gdp	NOUN
aisthesis-39	9	18	growth	growth	NOUN
aisthesis-39	9	19	.	.	PUNCT
aisthesis-39	10	1	ultimately	ultimately	ADV
aisthesis-39	10	2	,	,	PUNCT
aisthesis-39	10	3	the	the	DET
aisthesis-39	10	4	threshold	threshold	NOUN
aisthesis-39	10	5	found	find	VERB
aisthesis-39	10	6	by	by	ADP
aisthesis-39	10	7	reinhart	reinhart	NOUN
aisthesis-39	10	8	and	and	CCONJ
aisthesis-39	10	9	rogoff	rogoff	NOUN
aisthesis-39	10	10	will	will	AUX
aisthesis-39	10	11	be	be	AUX
aisthesis-39	10	12	rejected	reject	VERB
aisthesis-39	10	13	as	as	ADP
aisthesis-39	10	14	a	a	DET
aisthesis-39	10	15	basis	basis	NOUN
aisthesis-39	10	16	for	for	ADP
aisthesis-39	10	17	government	government	NOUN
aisthesis-39	10	18	fiscal	fiscal	ADJ
aisthesis-39	10	19	policy	policy	NOUN
aisthesis-39	10	20	decisions	decision	NOUN
aisthesis-39	10	21	,	,	PUNCT
aisthesis-39	10	22	as	as	SCONJ
aisthesis-39	10	23	it	it	PRON
aisthesis-39	10	24	is	be	AUX
aisthesis-39	10	25	based	base	VERB
aisthesis-39	10	26	on	on	ADP
aisthesis-39	10	27	general	general	ADJ
aisthesis-39	10	28	data	datum	NOUN
aisthesis-39	10	29	when	when	SCONJ
aisthesis-39	10	30	country	country	NOUN
aisthesis-39	10	31	-	-	PUNCT
aisthesis-39	10	32	specific	specific	ADJ
aisthesis-39	10	33	data	datum	NOUN
aisthesis-39	10	34	is	be	AUX
aisthesis-39	10	35	needed	need	VERB
aisthesis-39	10	36	.	.	PUNCT
aisthesis-39	11	1	review	review	NOUN
aisthesis-39	11	2	of	of	ADP
aisthesis-39	11	3	the	the	DET
aisthesis-39	11	4	literature	literature	NOUN
aisthesis-39	11	5	during	during	ADP
aisthesis-39	11	6	recessions	recession	NOUN
aisthesis-39	11	7	,	,	PUNCT
aisthesis-39	11	8	governments	government	NOUN
aisthesis-39	11	9	go	go	VERB
aisthesis-39	11	10	into	into	ADP
aisthesis-39	11	11	debt	debt	NOUN
aisthesis-39	11	12	to	to	ADP
aisthesis-39	11	13	finance	finance	NOUN
aisthesis-39	11	14	spending	spending	NOUN
aisthesis-39	11	15	that	that	PRON
aisthesis-39	11	16	boosts	boost	VERB
aisthesis-39	11	17	aggregate	aggregate	ADJ
aisthesis-39	11	18	demand	demand	NOUN
aisthesis-39	11	19	and	and	CCONJ
aisthesis-39	11	20	output	output	NOUN
aisthesis-39	11	21	in	in	ADP
aisthesis-39	11	22	the	the	DET
aisthesis-39	11	23	short	short	ADJ
aisthesis-39	11	24	run	run	NOUN
aisthesis-39	11	25	,	,	PUNCT
aisthesis-39	11	26	averting	avert	VERB
aisthesis-39	11	27	the	the	DET
aisthesis-39	11	28	disasters	disaster	NOUN
aisthesis-39	11	29	of	of	ADP
aisthesis-39	11	30	a	a	DET
aisthesis-39	11	31	potentially	potentially	ADV
aisthesis-39	11	32	deeper	deep	ADJ
aisthesis-39	11	33	and	and	CCONJ
aisthesis-39	11	34	longer	long	ADJ
aisthesis-39	11	35	recession	recession	NOUN
aisthesis-39	11	36	(	(	PUNCT
aisthesis-39	11	37	mankiw	mankiw	PROPN
aisthesis-39	11	38	&	&	CCONJ
aisthesis-39	11	39	elmendorf	elmendorf	PROPN
aisthesis-39	11	40	,	,	PUNCT
aisthesis-39	11	41	1999	1999	NUM
aisthesis-39	11	42	)	)	PUNCT
aisthesis-39	11	43	.	.	PUNCT
aisthesis-39	12	1	in	in	ADP
aisthesis-39	12	2	the	the	DET
aisthesis-39	12	3	short	short	ADJ
aisthesis-39	12	4	run	run	NOUN
aisthesis-39	12	5	,	,	PUNCT
aisthesis-39	12	6	wages	wage	NOUN
aisthesis-39	12	7	and	and	CCONJ
aisthesis-39	12	8	prices	price	NOUN
aisthesis-39	12	9	are	be	AUX
aisthesis-39	12	10	sticky	sticky	ADJ
aisthesis-39	12	11	so	so	SCONJ
aisthesis-39	12	12	increases	increase	NOUN
aisthesis-39	12	13	in	in	ADP
aisthesis-39	12	14	aggregate	aggregate	ADJ
aisthesis-39	12	15	demand	demand	NOUN
aisthesis-39	12	16	—	—	PUNCT
aisthesis-39	12	17	achieved	achieve	VERB
aisthesis-39	12	18	through	through	ADP
aisthesis-39	12	19	increases	increase	NOUN
aisthesis-39	12	20	in	in	ADP
aisthesis-39	12	21	government	government	NOUN
aisthesis-39	12	22	expenditure	expenditure	NOUN
aisthesis-39	12	23	—	—	PUNCT
aisthesis-39	12	24	boost	boost	VERB
aisthesis-39	12	25	national	national	ADJ
aisthesis-39	12	26	income	income	NOUN
aisthesis-39	12	27	.	.	PUNCT
aisthesis-39	13	1	the	the	DET
aisthesis-39	13	2	downside	downside	NOUN
aisthesis-39	13	3	of	of	ADP
aisthesis-39	13	4	public	public	ADJ
aisthesis-39	13	5	debt	debt	NOUN
aisthesis-39	13	6	is	be	AUX
aisthesis-39	13	7	manifest	manifest	ADJ
aisthesis-39	13	8	in	in	ADP
aisthesis-39	13	9	the	the	DET
aisthesis-39	13	10	long	long	ADJ
aisthesis-39	13	11	run	run	NOUN
aisthesis-39	13	12	where	where	SCONJ
aisthesis-39	13	13	classical	classical	ADJ
aisthesis-39	13	14	economic	economic	ADJ
aisthesis-39	13	15	assumptions	assumption	NOUN
aisthesis-39	13	16	hold	hold	VERB
aisthesis-39	13	17	and	and	CCONJ
aisthesis-39	13	18	wages	wage	NOUN
aisthesis-39	13	19	and	and	CCONJ
aisthesis-39	13	20	prices	price	NOUN
aisthesis-39	13	21	are	be	AUX
aisthesis-39	13	22	no	no	ADV
aisthesis-39	13	23	longer	long	ADV
aisthesis-39	13	24	sticky	sticky	ADJ
aisthesis-39	13	25	.	.	PUNCT
aisthesis-39	14	1	a	a	DET
aisthesis-39	14	2	decrease	decrease	NOUN
aisthesis-39	14	3	in	in	ADP
aisthesis-39	14	4	government	government	NOUN
aisthesis-39	14	5	savings	saving	NOUN
aisthesis-39	14	6	(	(	PUNCT
aisthesis-39	14	7	i.e.	i.e.	X
aisthesis-39	14	8	,	,	PUNCT
aisthesis-39	14	9	an	an	DET
aisthesis-39	14	10	increase	increase	NOUN
aisthesis-39	14	11	in	in	ADP
aisthesis-39	14	12	government	government	NOUN
aisthesis-39	14	13	debt	debt	NOUN
aisthesis-39	14	14	)	)	PUNCT
aisthesis-39	14	15	is	be	AUX
aisthesis-39	14	16	assumed	assume	VERB
aisthesis-39	14	17	to	to	PART
aisthesis-39	14	18	not	not	PART
aisthesis-39	14	19	be	be	AUX
aisthesis-39	14	20	matched	match	VERB
aisthesis-39	14	21	by	by	ADP
aisthesis-39	14	22	an	an	DET
aisthesis-39	14	23	equal	equal	ADJ
aisthesis-39	14	24	increase	increase	NOUN
aisthesis-39	14	25	in	in	ADP
aisthesis-39	14	26	private	private	ADJ
aisthesis-39	14	27	savings	saving	NOUN
aisthesis-39	14	28	,	,	PUNCT
aisthesis-39	14	29	which	which	PRON
aisthesis-39	14	30	in	in	ADP
aisthesis-39	14	31	turn	turn	NOUN
aisthesis-39	14	32	drives	drive	VERB
aisthesis-39	14	33	up	up	ADP
aisthesis-39	14	34	demand	demand	NOUN
aisthesis-39	14	35	for	for	ADP
aisthesis-39	14	36	money	money	NOUN
aisthesis-39	14	37	in	in	ADP
aisthesis-39	14	38	the	the	DET
aisthesis-39	14	39	loanable	loanable	ADJ
aisthesis-39	14	40	funds	fund	NOUN
aisthesis-39	14	41	market	market	NOUN
aisthesis-39	14	42	,	,	PUNCT
aisthesis-39	14	43	thereby	thereby	ADV
aisthesis-39	14	44	raising	raise	VERB
aisthesis-39	14	45	the	the	DET
aisthesis-39	14	46	interest	interest	NOUN
aisthesis-39	14	47	rate	rate	NOUN
aisthesis-39	14	48	(	(	PUNCT
aisthesis-39	14	49	mankiw	mankiw	PROPN
aisthesis-39	14	50	&	&	CCONJ
aisthesis-39	14	51	elmendorf	elmendorf	PROPN
aisthesis-39	14	52	,	,	PUNCT
aisthesis-39	14	53	1999	1999	NUM
aisthesis-39	14	54	;	;	PUNCT
aisthesis-39	14	55	gale	gale	NOUN
aisthesis-39	14	56	&	&	CCONJ
aisthesis-39	14	57	orszag	orszag	PROPN
aisthesis-39	14	58	,	,	PUNCT
aisthesis-39	14	59	2003	2003	NUM
aisthesis-39	14	60	)	)	PUNCT
aisthesis-39	14	61	.	.	PUNCT
aisthesis-39	15	1	a	a	DET
aisthesis-39	15	2	higher	high	ADJ
aisthesis-39	15	3	interest	interest	NOUN
aisthesis-39	15	4	rate	rate	NOUN
aisthesis-39	15	5	ultimately	ultimately	ADV
aisthesis-39	15	6	results	result	VERB
aisthesis-39	15	7	in	in	ADP
aisthesis-39	15	8	a	a	DET
aisthesis-39	15	9	decrease	decrease	NOUN
aisthesis-39	15	10	in	in	ADP
aisthesis-39	15	11	investment	investment	NOUN
aisthesis-39	15	12	and	and	CCONJ
aisthesis-39	15	13	a	a	DET
aisthesis-39	15	14	subsequent	subsequent	ADJ
aisthesis-39	15	15	decrease	decrease	NOUN
aisthesis-39	15	16	in	in	ADP
aisthesis-39	15	17	capital	capital	NOUN
aisthesis-39	15	18	stock	stock	NOUN
aisthesis-39	15	19	,	,	PUNCT
aisthesis-39	15	20	which	which	PRON
aisthesis-39	15	21	lowers	lower	VERB
aisthesis-39	15	22	the	the	DET
aisthesis-39	15	23	marginal	marginal	ADJ
aisthesis-39	15	24	product	product	NOUN
aisthesis-39	15	25	of	of	ADP
aisthesis-39	15	26	labor	labor	NOUN
aisthesis-39	15	27	and	and	CCONJ
aisthesis-39	15	28	thereby	thereby	ADV
aisthesis-39	15	29	lowers	lower	VERB
aisthesis-39	15	30	wages	wage	NOUN
aisthesis-39	15	31	and	and	CCONJ
aisthesis-39	15	32	income	income	NOUN
aisthesis-39	15	33	(	(	PUNCT
aisthesis-39	15	34	mankiw	mankiw	PROPN
aisthesis-39	15	35	&	&	CCONJ
aisthesis-39	15	36	elmendorf	elmendorf	PROPN
aisthesis-39	15	37	,	,	PUNCT
aisthesis-39	15	38	1999	1999	NUM
aisthesis-39	15	39	)	)	PUNCT
aisthesis-39	15	40	.	.	PUNCT
aisthesis-39	16	1	“	"	PUNCT
aisthesis-39	16	2	growth	growth	NOUN
aisthesis-39	16	3	in	in	ADP
aisthesis-39	16	4	a	a	DET
aisthesis-39	16	5	time	time	NOUN
aisthesis-39	16	6	of	of	ADP
aisthesis-39	16	7	debt	debt	NOUN
aisthesis-39	16	8	”	"	PUNCT
aisthesis-39	16	9	by	by	ADP
aisthesis-39	16	10	reinhart	reinhart	NOUN
aisthesis-39	16	11	and	and	CCONJ
aisthesis-39	16	12	rogoff	rogoff	NOUN
aisthesis-39	16	13	(	(	PUNCT
aisthesis-39	16	14	hereinafter	hereinafter	NOUN
aisthesis-39	16	15	r	r	NOUN
aisthesis-39	16	16	&	&	CCONJ
aisthesis-39	16	17	r	r	NOUN
aisthesis-39	16	18	)	)	PUNCT
aisthesis-39	16	19	addresses	address	NOUN
aisthesis-39	16	20	the	the	DET
aisthesis-39	16	21	negative	negative	ADJ
aisthesis-39	16	22	impacts	impact	NOUN
aisthesis-39	16	23	of	of	ADP
aisthesis-39	16	24	government	government	NOUN
aisthesis-39	16	25	debt	debt	NOUN
aisthesis-39	16	26	that	that	PRON
aisthesis-39	16	27	are	be	AUX
aisthesis-39	16	28	evident	evident	ADJ
aisthesis-39	16	29	in	in	ADP
aisthesis-39	16	30	the	the	DET
aisthesis-39	16	31	long	long	ADJ
aisthesis-39	16	32	run	run	NOUN
aisthesis-39	16	33	(	(	PUNCT
aisthesis-39	16	34	r	r	NOUN
aisthesis-39	16	35	&	&	CCONJ
aisthesis-39	16	36	r	r	NOUN
aisthesis-39	16	37	,	,	PUNCT
aisthesis-39	16	38	2010	2010	NUM
aisthesis-39	16	39	)	)	PUNCT
aisthesis-39	16	40	.	.	PUNCT
aisthesis-39	17	1	r	r	NOUN
aisthesis-39	17	2	&	&	CCONJ
aisthesis-39	17	3	r	r	PROPN
aisthesis-39	17	4	(	(	PUNCT
aisthesis-39	17	5	2010	2010	NUM
aisthesis-39	17	6	)	)	PUNCT
aisthesis-39	17	7	believe	believe	VERB
aisthesis-39	17	8	that	that	SCONJ
aisthesis-39	17	9	there	there	PRON
aisthesis-39	17	10	is	be	VERB
aisthesis-39	17	11	a	a	DET
aisthesis-39	17	12	debt	debt	NOUN
aisthesis-39	17	13	-	-	PUNCT
aisthesis-39	17	14	to	to	ADP
aisthesis-39	17	15	-	-	PUNCT
aisthesis-39	17	16	gdp	gdp	NOUN
aisthesis-39	17	17	threshold	threshold	NOUN
aisthesis-39	17	18	where	where	SCONJ
aisthesis-39	17	19	gdp	gdp	NOUN
aisthesis-39	17	20	growth	growth	NOUN
aisthesis-39	17	21	is	be	AUX
aisthesis-39	17	22	sharply	sharply	ADV
aisthesis-39	17	23	and	and	CCONJ
aisthesis-39	17	24	negatively	negatively	ADV
aisthesis-39	17	25	affected	affect	VERB
aisthesis-39	17	26	,	,	PUNCT
aisthesis-39	17	27	and	and	CCONJ
aisthesis-39	17	28	they	they	PRON
aisthesis-39	17	29	purport	purport	VERB
aisthesis-39	17	30	that	that	DET
aisthesis-39	17	31	threshold	threshold	NOUN
aisthesis-39	17	32	to	to	PART
aisthesis-39	17	33	be	be	AUX
aisthesis-39	17	34	90	90	NUM
aisthesis-39	17	35	percent	percent	NOUN
aisthesis-39	17	36	.	.	PUNCT
aisthesis-39	18	1	to	to	PART
aisthesis-39	18	2	find	find	VERB
aisthesis-39	18	3	this	this	DET
aisthesis-39	18	4	threshold	threshold	NOUN
aisthesis-39	18	5	,	,	PUNCT
aisthesis-39	18	6	r	r	NOUN
aisthesis-39	18	7	&	&	CCONJ
aisthesis-39	18	8	r	r	PROPN
aisthesis-39	18	9	(	(	PUNCT
aisthesis-39	18	10	2010	2010	NUM
aisthesis-39	18	11	)	)	PUNCT
aisthesis-39	18	12	studied	study	VERB
aisthesis-39	18	13	twenty	twenty	NUM
aisthesis-39	18	14	advanced	advanced	ADJ
aisthesis-39	18	15	economies	economy	NOUN
aisthesis-39	18	16	over	over	ADP
aisthesis-39	18	17	the	the	DET
aisthesis-39	18	18	period	period	NOUN
aisthesis-39	18	19	1946	1946	NUM
aisthesis-39	18	20	-	-	SYM
aisthesis-39	18	21	2009	2009	NUM
aisthesis-39	18	22	and	and	CCONJ
aisthesis-39	18	23	exogenously	exogenously	ADV
aisthesis-39	18	24	imposed	impose	VERB
aisthesis-39	18	25	the	the	DET
aisthesis-39	18	26	debt	debt	NOUN
aisthesis-39	18	27	-	-	PUNCT
aisthesis-39	18	28	to	to	ADP
aisthesis-39	18	29	-	-	PUNCT
aisthesis-39	18	30	gdp	gdp	NOUN
aisthesis-39	18	31	threshold	threshold	NOUN
aisthesis-39	18	32	effect	effect	NOUN
aisthesis-39	18	33	on	on	ADP
aisthesis-39	18	34	output	output	NOUN
aisthesis-39	18	35	:	:	PUNCT
aisthesis-39	18	36	a	a	DET
aisthesis-39	18	37	country	country	NOUN
aisthesis-39	18	38	-	-	PUNCT
aisthesis-39	18	39	specific	specific	ADJ
aisthesis-39	18	40	analysis	analysis	NOUN
aisthesis-39	18	41	aisthesis	aisthesis	NOUN
aisthesis-39	18	42	volume	volume	NOUN
aisthesis-39	18	43	8	8	NUM
aisthesis-39	18	44	,	,	PUNCT
aisthesis-39	18	45	201727	201727	NUM
aisthesis-39	18	46	four	four	NUM
aisthesis-39	18	47	levels	level	NOUN
aisthesis-39	18	48	of	of	ADP
aisthesis-39	18	49	thresholds	threshold	NOUN
aisthesis-39	18	50	in	in	ADP
aisthesis-39	18	51	order	order	NOUN
aisthesis-39	18	52	to	to	ADP
aisthesis-39	18	53	group	group	NOUN
aisthesis-39	18	54	countries	country	NOUN
aisthesis-39	18	55	according	accord	VERB
aisthesis-39	18	56	to	to	ADP
aisthesis-39	18	57	their	their	PRON
aisthesis-39	18	58	levels	level	NOUN
aisthesis-39	18	59	of	of	ADP
aisthesis-39	18	60	debt	debt	NOUN
aisthesis-39	18	61	.	.	PUNCT
aisthesis-39	19	1	the	the	DET
aisthesis-39	19	2	four	four	NUM
aisthesis-39	19	3	thresholds	threshold	NOUN
aisthesis-39	19	4	were	be	AUX
aisthesis-39	19	5	1	1	NUM
aisthesis-39	19	6	)	)	PUNCT
aisthesis-39	19	7	below	below	ADP
aisthesis-39	19	8	30	30	NUM
aisthesis-39	19	9	percent	percent	NOUN
aisthesis-39	19	10	,	,	PUNCT
aisthesis-39	19	11	2	2	NUM
aisthesis-39	19	12	)	)	PUNCT
aisthesis-39	19	13	between	between	ADP
aisthesis-39	19	14	30	30	NUM
aisthesis-39	19	15	and	and	CCONJ
aisthesis-39	19	16	60	60	NUM
aisthesis-39	19	17	percent	percent	NOUN
aisthesis-39	19	18	,	,	PUNCT
aisthesis-39	19	19	3	3	NUM
aisthesis-39	19	20	)	)	PUNCT
aisthesis-39	19	21	between	between	ADP
aisthesis-39	19	22	60	60	NUM
aisthesis-39	19	23	and	and	CCONJ
aisthesis-39	19	24	90	90	NUM
aisthesis-39	19	25	percent	percent	NOUN
aisthesis-39	19	26	,	,	PUNCT
aisthesis-39	19	27	and	and	CCONJ
aisthesis-39	19	28	4	4	X
aisthesis-39	19	29	)	)	PUNCT
aisthesis-39	19	30	above	above	ADP
aisthesis-39	19	31	90	90	NUM
aisthesis-39	19	32	percent	percent	NOUN
aisthesis-39	19	33	.	.	PUNCT
aisthesis-39	20	1	the	the	DET
aisthesis-39	20	2	countries	country	NOUN
aisthesis-39	20	3	with	with	ADP
aisthesis-39	20	4	debt	debt	NOUN
aisthesis-39	20	5	-	-	PUNCT
aisthesis-39	20	6	to	to	ADP
aisthesis-39	20	7	-	-	PUNCT
aisthesis-39	20	8	gdp	gdp	NOUN
aisthesis-39	20	9	levels	level	NOUN
aisthesis-39	20	10	in	in	ADP
aisthesis-39	20	11	excess	excess	NOUN
aisthesis-39	20	12	of	of	ADP
aisthesis-39	20	13	90	90	NUM
aisthesis-39	20	14	percent	percent	NOUN
aisthesis-39	20	15	had	have	VERB
aisthesis-39	20	16	median	median	ADJ
aisthesis-39	20	17	growth	growth	NOUN
aisthesis-39	20	18	rates	rate	NOUN
aisthesis-39	20	19	about	about	ADV
aisthesis-39	20	20	1	1	NUM
aisthesis-39	20	21	percent	percent	NOUN
aisthesis-39	20	22	lower	low	ADJ
aisthesis-39	20	23	than	than	ADP
aisthesis-39	20	24	countries	country	NOUN
aisthesis-39	20	25	at	at	ADP
aisthesis-39	20	26	the	the	DET
aisthesis-39	20	27	other	other	ADJ
aisthesis-39	20	28	threshold	threshold	NOUN
aisthesis-39	20	29	levels	level	NOUN
aisthesis-39	20	30	.	.	PUNCT
aisthesis-39	21	1	this	this	DET
aisthesis-39	21	2	simple	simple	ADJ
aisthesis-39	21	3	statistical	statistical	ADJ
aisthesis-39	21	4	analysis	analysis	NOUN
aisthesis-39	21	5	led	lead	VERB
aisthesis-39	21	6	r	r	NOUN
aisthesis-39	21	7	&	&	CCONJ
aisthesis-39	21	8	r	r	PROPN
aisthesis-39	21	9	(	(	PUNCT
aisthesis-39	21	10	2010	2010	NUM
aisthesis-39	21	11	)	)	PUNCT
aisthesis-39	21	12	to	to	PART
aisthesis-39	21	13	believe	believe	VERB
aisthesis-39	21	14	that	that	SCONJ
aisthesis-39	21	15	once	once	SCONJ
aisthesis-39	21	16	countries	country	NOUN
aisthesis-39	21	17	reach	reach	VERB
aisthesis-39	21	18	a	a	DET
aisthesis-39	21	19	90	90	NUM
aisthesis-39	21	20	percent	percent	NOUN
aisthesis-39	21	21	debt	debt	NOUN
aisthesis-39	21	22	-	-	PUNCT
aisthesis-39	21	23	to	to	ADP
aisthesis-39	21	24	-	-	PUNCT
aisthesis-39	21	25	gdp	gdp	NOUN
aisthesis-39	21	26	ratio	ratio	NOUN
aisthesis-39	21	27	,	,	PUNCT
aisthesis-39	21	28	their	their	PRON
aisthesis-39	21	29	economic	economic	ADJ
aisthesis-39	21	30	growth	growth	NOUN
aisthesis-39	21	31	is	be	AUX
aisthesis-39	21	32	severely	severely	ADV
aisthesis-39	21	33	impacted	impact	VERB
aisthesis-39	21	34	.	.	PUNCT
aisthesis-39	22	1	their	their	PRON
aisthesis-39	22	2	paper	paper	NOUN
aisthesis-39	22	3	provided	provide	VERB
aisthesis-39	22	4	the	the	DET
aisthesis-39	22	5	rationale	rationale	NOUN
aisthesis-39	22	6	for	for	ADP
aisthesis-39	22	7	subsequent	subsequent	ADJ
aisthesis-39	22	8	austerity	austerity	NOUN
aisthesis-39	22	9	measures	measure	NOUN
aisthesis-39	22	10	initiated	initiate	VERB
aisthesis-39	22	11	throughout	throughout	ADP
aisthesis-39	22	12	the	the	DET
aisthesis-39	22	13	eurozone	eurozone	NOUN
aisthesis-39	22	14	,	,	PUNCT
aisthesis-39	22	15	as	as	SCONJ
aisthesis-39	22	16	countries	country	NOUN
aisthesis-39	22	17	such	such	ADJ
aisthesis-39	22	18	as	as	ADP
aisthesis-39	22	19	great	great	ADJ
aisthesis-39	22	20	britain	britain	PROPN
aisthesis-39	22	21	and	and	CCONJ
aisthesis-39	22	22	greece	greece	PROPN
aisthesis-39	22	23	made	make	VERB
aisthesis-39	22	24	drastic	drastic	ADJ
aisthesis-39	22	25	cuts	cut	NOUN
aisthesis-39	22	26	in	in	ADP
aisthesis-39	22	27	government	government	NOUN
aisthesis-39	22	28	expenditures	expenditure	NOUN
aisthesis-39	22	29	to	to	PART
aisthesis-39	22	30	avoid	avoid	VERB
aisthesis-39	22	31	the	the	DET
aisthesis-39	22	32	90	90	NUM
aisthesis-39	22	33	percent	percent	NOUN
aisthesis-39	22	34	threshold	threshold	NOUN
aisthesis-39	22	35	.	.	PUNCT
aisthesis-39	23	1	many	many	ADJ
aisthesis-39	23	2	papers	paper	NOUN
aisthesis-39	23	3	were	be	AUX
aisthesis-39	23	4	published	publish	VERB
aisthesis-39	23	5	in	in	ADP
aisthesis-39	23	6	response	response	NOUN
aisthesis-39	23	7	to	to	ADP
aisthesis-39	23	8	r	r	NOUN
aisthesis-39	23	9	&	&	CCONJ
aisthesis-39	23	10	r	r	NOUN
aisthesis-39	23	11	’s	’s	ADV
aisthesis-39	23	12	,	,	PUNCT
aisthesis-39	23	13	either	either	CCONJ
aisthesis-39	23	14	supporting	support	VERB
aisthesis-39	23	15	,	,	PUNCT
aisthesis-39	23	16	questioning	questioning	NOUN
aisthesis-39	23	17	,	,	PUNCT
aisthesis-39	23	18	or	or	CCONJ
aisthesis-39	23	19	rejecting	reject	VERB
aisthesis-39	23	20	their	their	PRON
aisthesis-39	23	21	conclusions	conclusion	NOUN
aisthesis-39	23	22	.	.	PUNCT
aisthesis-39	24	1	fortunately	fortunately	ADV
aisthesis-39	24	2	,	,	PUNCT
aisthesis-39	24	3	panizza	panizza	NOUN
aisthesis-39	24	4	and	and	CCONJ
aisthesis-39	24	5	presbitero	presbitero	NOUN
aisthesis-39	24	6	published	publish	VERB
aisthesis-39	24	7	a	a	DET
aisthesis-39	24	8	survey	survey	NOUN
aisthesis-39	24	9	of	of	ADP
aisthesis-39	24	10	the	the	DET
aisthesis-39	24	11	“	"	PUNCT
aisthesis-39	24	12	recent	recent	ADJ
aisthesis-39	24	13	literature	literature	NOUN
aisthesis-39	24	14	on	on	ADP
aisthesis-39	24	15	the	the	DET
aisthesis-39	24	16	links	link	NOUN
aisthesis-39	24	17	between	between	ADP
aisthesis-39	24	18	public	public	ADJ
aisthesis-39	24	19	debt	debt	NOUN
aisthesis-39	24	20	and	and	CCONJ
aisthesis-39	24	21	economic	economic	ADJ
aisthesis-39	24	22	growth	growth	NOUN
aisthesis-39	24	23	in	in	ADP
aisthesis-39	24	24	advanced	advanced	ADJ
aisthesis-39	24	25	economies	economy	NOUN
aisthesis-39	24	26	”	"	PUNCT
aisthesis-39	24	27	(	(	PUNCT
aisthesis-39	24	28	i.e.	i.e.	X
aisthesis-39	24	29	,	,	PUNCT
aisthesis-39	24	30	papers	paper	NOUN
aisthesis-39	24	31	that	that	PRON
aisthesis-39	24	32	addressed	address	VERB
aisthesis-39	24	33	r	r	NOUN
aisthesis-39	24	34	&	&	CCONJ
aisthesis-39	24	35	r	r	NOUN
aisthesis-39	24	36	’s	’s	PART
aisthesis-39	24	37	findings	finding	NOUN
aisthesis-39	24	38	,	,	PUNCT
aisthesis-39	24	39	either	either	CCONJ
aisthesis-39	24	40	directly	directly	ADV
aisthesis-39	24	41	or	or	CCONJ
aisthesis-39	24	42	indirectly	indirectly	ADV
aisthesis-39	24	43	)	)	PUNCT
aisthesis-39	24	44	(	(	PUNCT
aisthesis-39	24	45	panizza	panizza	NOUN
aisthesis-39	24	46	&	&	CCONJ
aisthesis-39	24	47	presbitero	presbitero	PROPN
aisthesis-39	24	48	,	,	PUNCT
aisthesis-39	24	49	2012	2012	NUM
aisthesis-39	24	50	,	,	PUNCT
aisthesis-39	24	51	p.	p.	NOUN
aisthesis-39	24	52	1	1	NUM
aisthesis-39	24	53	)	)	PUNCT
aisthesis-39	24	54	.	.	PUNCT
aisthesis-39	25	1	the	the	DET
aisthesis-39	25	2	main	main	ADJ
aisthesis-39	25	3	conclusion	conclusion	NOUN
aisthesis-39	25	4	that	that	SCONJ
aisthesis-39	25	5	panizza	panizza	NOUN
aisthesis-39	25	6	and	and	CCONJ
aisthesis-39	25	7	presbitero	presbitero	NOUN
aisthesis-39	25	8	found	find	VERB
aisthesis-39	25	9	throughout	throughout	ADP
aisthesis-39	25	10	the	the	DET
aisthesis-39	25	11	literature	literature	NOUN
aisthesis-39	25	12	is	be	AUX
aisthesis-39	25	13	embodied	embody	VERB
aisthesis-39	25	14	in	in	ADP
aisthesis-39	25	15	this	this	DET
aisthesis-39	25	16	statement	statement	NOUN
aisthesis-39	25	17	by	by	ADP
aisthesis-39	25	18	the	the	DET
aisthesis-39	25	19	international	international	ADJ
aisthesis-39	25	20	monetary	monetary	ADJ
aisthesis-39	25	21	fund	fund	NOUN
aisthesis-39	25	22	:	:	PUNCT
aisthesis-39	25	23	“	"	PUNCT
aisthesis-39	25	24	there	there	PRON
aisthesis-39	25	25	is	be	VERB
aisthesis-39	25	26	no	no	DET
aisthesis-39	25	27	simple	simple	ADJ
aisthesis-39	25	28	relationship	relationship	NOUN
aisthesis-39	25	29	between	between	ADP
aisthesis-39	25	30	debt	debt	NOUN
aisthesis-39	25	31	and	and	CCONJ
aisthesis-39	25	32	growth	growth	NOUN
aisthesis-39	25	33	.	.	PUNCT
aisthesis-39	25	34	.	.	PUNCT
aisthesis-39	26	1	.	.	PUNCT
aisthesis-39	27	1	there	there	PRON
aisthesis-39	27	2	are	be	VERB
aisthesis-39	27	3	many	many	ADJ
aisthesis-39	27	4	factors	factor	NOUN
aisthesis-39	27	5	that	that	PRON
aisthesis-39	27	6	matter	matter	VERB
aisthesis-39	27	7	for	for	ADP
aisthesis-39	27	8	a	a	DET
aisthesis-39	27	9	country	country	NOUN
aisthesis-39	27	10	’s	’s	PART
aisthesis-39	27	11	growth	growth	NOUN
aisthesis-39	27	12	and	and	CCONJ
aisthesis-39	27	13	debt	debt	NOUN
aisthesis-39	27	14	performance	performance	NOUN
aisthesis-39	27	15	.	.	PUNCT
aisthesis-39	28	1	moreover	moreover	ADV
aisthesis-39	28	2	,	,	PUNCT
aisthesis-39	28	3	there	there	PRON
aisthesis-39	28	4	is	be	VERB
aisthesis-39	28	5	no	no	DET
aisthesis-39	28	6	single	single	ADJ
aisthesis-39	28	7	threshold	threshold	NOUN
aisthesis-39	28	8	for	for	ADP
aisthesis-39	28	9	debt	debt	NOUN
aisthesis-39	28	10	ratios	ratio	NOUN
aisthesis-39	28	11	that	that	PRON
aisthesis-39	28	12	can	can	AUX
aisthesis-39	28	13	delineate	delineate	VERB
aisthesis-39	28	14	the	the	DET
aisthesis-39	28	15	‘	'	PUNCT
aisthesis-39	28	16	bad	bad	ADJ
aisthesis-39	28	17	’	'	PUNCT
aisthesis-39	28	18	from	from	ADP
aisthesis-39	28	19	the	the	DET
aisthesis-39	28	20	‘	'	PUNCT
aisthesis-39	28	21	good	good	ADJ
aisthesis-39	28	22	’	'	PUNCT
aisthesis-39	28	23	”	"	PUNCT
aisthesis-39	28	24	(	(	PUNCT
aisthesis-39	28	25	panizza	panizza	NOUN
aisthesis-39	28	26	&	&	CCONJ
aisthesis-39	28	27	presbitero	presbitero	PROPN
aisthesis-39	28	28	,	,	PUNCT
aisthesis-39	28	29	2012	2012	NUM
aisthesis-39	28	30	,	,	PUNCT
aisthesis-39	28	31	p.	p.	NOUN
aisthesis-39	28	32	1	1	NUM
aisthesis-39	28	33	)	)	PUNCT
aisthesis-39	28	34	.	.	PUNCT
aisthesis-39	29	1	in	in	ADP
aisthesis-39	29	2	other	other	ADJ
aisthesis-39	29	3	words	word	NOUN
aisthesis-39	29	4	,	,	PUNCT
aisthesis-39	29	5	r	r	NOUN
aisthesis-39	29	6	&	&	CCONJ
aisthesis-39	29	7	r	r	NOUN
aisthesis-39	29	8	oversimplified	oversimplify	VERB
aisthesis-39	29	9	the	the	DET
aisthesis-39	29	10	relationship	relationship	NOUN
aisthesis-39	29	11	between	between	ADP
aisthesis-39	29	12	debt	debt	NOUN
aisthesis-39	29	13	and	and	CCONJ
aisthesis-39	29	14	gdp	gdp	NOUN
aisthesis-39	29	15	growth	growth	NOUN
aisthesis-39	29	16	,	,	PUNCT
aisthesis-39	29	17	and	and	CCONJ
aisthesis-39	29	18	it	it	PRON
aisthesis-39	29	19	is	be	AUX
aisthesis-39	29	20	not	not	PART
aisthesis-39	29	21	possible	possible	ADJ
aisthesis-39	29	22	to	to	PART
aisthesis-39	29	23	apply	apply	VERB
aisthesis-39	29	24	a	a	DET
aisthesis-39	29	25	single	single	ADJ
aisthesis-39	29	26	,	,	PUNCT
aisthesis-39	29	27	general	general	ADJ
aisthesis-39	29	28	threshold	threshold	NOUN
aisthesis-39	29	29	to	to	ADP
aisthesis-39	29	30	individual	individual	ADJ
aisthesis-39	29	31	countries	country	NOUN
aisthesis-39	29	32	.	.	PUNCT
aisthesis-39	30	1	the	the	DET
aisthesis-39	30	2	critical	critical	ADJ
aisthesis-39	30	3	problem	problem	NOUN
aisthesis-39	30	4	in	in	ADP
aisthesis-39	30	5	r	r	NOUN
aisthesis-39	30	6	&	&	CCONJ
aisthesis-39	30	7	r	r	NOUN
aisthesis-39	30	8	’s	’s	PART
aisthesis-39	30	9	oversimplification	oversimplification	NOUN
aisthesis-39	30	10	is	be	AUX
aisthesis-39	30	11	their	their	PRON
aisthesis-39	30	12	exogenously	exogenously	ADV
aisthesis-39	30	13	imposed	impose	VERB
aisthesis-39	30	14	thresholds	threshold	NOUN
aisthesis-39	30	15	.	.	PUNCT
aisthesis-39	31	1	an	an	DET
aisthesis-39	31	2	ideal	ideal	ADJ
aisthesis-39	31	3	model	model	NOUN
aisthesis-39	31	4	would	would	AUX
aisthesis-39	31	5	establish	establish	VERB
aisthesis-39	31	6	thresholds	threshold	NOUN
aisthesis-39	31	7	endogenously	endogenously	ADV
aisthesis-39	31	8	,	,	PUNCT
aisthesis-39	31	9	which	which	PRON
aisthesis-39	31	10	would	would	AUX
aisthesis-39	31	11	provide	provide	VERB
aisthesis-39	31	12	a	a	DET
aisthesis-39	31	13	more	more	ADV
aisthesis-39	31	14	accurate	accurate	ADJ
aisthesis-39	31	15	measure	measure	NOUN
aisthesis-39	31	16	of	of	ADP
aisthesis-39	31	17	how	how	SCONJ
aisthesis-39	31	18	public	public	ADJ
aisthesis-39	31	19	debt	debt	NOUN
aisthesis-39	31	20	affects	affect	VERB
aisthesis-39	31	21	gdp	gdp	NOUN
aisthesis-39	31	22	growth	growth	NOUN
aisthesis-39	31	23	.	.	PUNCT
aisthesis-39	32	1	minea	minea	NOUN
aisthesis-39	32	2	and	and	CCONJ
aisthesis-39	32	3	parent	parent	NOUN
aisthesis-39	32	4	(	(	PUNCT
aisthesis-39	32	5	2012	2012	NUM
aisthesis-39	32	6	)	)	PUNCT
aisthesis-39	32	7	delve	delve	VERB
aisthesis-39	32	8	deeper	deeply	ADV
aisthesis-39	32	9	into	into	ADP
aisthesis-39	32	10	r	r	NOUN
aisthesis-39	32	11	&	&	CCONJ
aisthesis-39	32	12	r	r	NOUN
aisthesis-39	32	13	’s	’s	PART
aisthesis-39	32	14	contention	contention	NOUN
aisthesis-39	32	15	that	that	SCONJ
aisthesis-39	32	16	a	a	DET
aisthesis-39	32	17	universally	universally	ADV
aisthesis-39	32	18	applicable	applicable	ADJ
aisthesis-39	32	19	90	90	NUM
aisthesis-39	32	20	percent	percent	NOUN
aisthesis-39	32	21	debt	debt	NOUN
aisthesis-39	32	22	-	-	PUNCT
aisthesis-39	32	23	to	to	ADP
aisthesis-39	32	24	-	-	PUNCT
aisthesis-39	32	25	gdp	gdp	NOUN
aisthesis-39	32	26	threshold	threshold	NOUN
aisthesis-39	32	27	exists	exist	VERB
aisthesis-39	32	28	across	across	ADP
aisthesis-39	32	29	developed	developed	ADJ
aisthesis-39	32	30	countries	country	NOUN
aisthesis-39	32	31	,	,	PUNCT
aisthesis-39	32	32	and	and	CCONJ
aisthesis-39	32	33	argue	argue	VERB
aisthesis-39	32	34	that	that	SCONJ
aisthesis-39	32	35	,	,	PUNCT
aisthesis-39	32	36	in	in	ADP
aisthesis-39	32	37	fact	fact	NOUN
aisthesis-39	32	38	,	,	PUNCT
aisthesis-39	32	39	no	no	DET
aisthesis-39	32	40	such	such	ADJ
aisthesis-39	32	41	universally	universally	ADV
aisthesis-39	32	42	applicable	applicable	ADJ
aisthesis-39	32	43	threshold	threshold	NOUN
aisthesis-39	32	44	exists	exist	VERB
aisthesis-39	32	45	.	.	PUNCT
aisthesis-39	33	1	minea	minea	NOUN
aisthesis-39	33	2	and	and	CCONJ
aisthesis-39	33	3	parent	parent	NOUN
aisthesis-39	33	4	(	(	PUNCT
aisthesis-39	33	5	2012	2012	NUM
aisthesis-39	33	6	)	)	PUNCT
aisthesis-39	33	7	use	use	NOUN
aisthesis-39	33	8	cutting	cut	VERB
aisthesis-39	33	9	edge	edge	NOUN
aisthesis-39	33	10	econometrics	econometric	NOUN
aisthesis-39	33	11	,	,	PUNCT
aisthesis-39	33	12	a	a	DET
aisthesis-39	33	13	panel	panel	NOUN
aisthesis-39	33	14	smooth	smooth	ADJ
aisthesis-39	33	15	threshold	threshold	NOUN
aisthesis-39	33	16	regression	regression	NOUN
aisthesis-39	33	17	model	model	NOUN
aisthesis-39	33	18	,	,	PUNCT
aisthesis-39	33	19	and	and	CCONJ
aisthesis-39	33	20	find	find	VERB
aisthesis-39	33	21	that	that	SCONJ
aisthesis-39	33	22	,	,	PUNCT
aisthesis-39	33	23	on	on	ADP
aisthesis-39	33	24	average	average	ADJ
aisthesis-39	33	25	,	,	PUNCT
aisthesis-39	33	26	countries	country	NOUN
aisthesis-39	33	27	with	with	ADP
aisthesis-39	33	28	debt	debt	NOUN
aisthesis-39	33	29	levels	level	NOUN
aisthesis-39	33	30	between	between	ADP
aisthesis-39	33	31	90	90	NUM
aisthesis-39	33	32	and	and	CCONJ
aisthesis-39	33	33	115	115	NUM
aisthesis-39	33	34	percent	percent	NOUN
aisthesis-39	33	35	grow	grow	VERB
aisthesis-39	33	36	slower	slow	ADJ
aisthesis-39	33	37	than	than	ADP
aisthesis-39	33	38	those	those	PRON
aisthesis-39	33	39	with	with	ADP
aisthesis-39	33	40	lower	low	ADJ
aisthesis-39	33	41	debt	debt	NOUN
aisthesis-39	33	42	levels	level	NOUN
aisthesis-39	33	43	.	.	PUNCT
aisthesis-39	34	1	however	however	ADV
aisthesis-39	34	2	,	,	PUNCT
aisthesis-39	34	3	countries	country	NOUN
aisthesis-39	34	4	with	with	ADP
aisthesis-39	34	5	debt	debt	NOUN
aisthesis-39	34	6	levels	level	NOUN
aisthesis-39	34	7	in	in	ADP
aisthesis-39	34	8	excess	excess	NOUN
aisthesis-39	34	9	of	of	ADP
aisthesis-39	34	10	115	115	NUM
aisthesis-39	34	11	percent	percent	NOUN
aisthesis-39	34	12	actually	actually	ADV
aisthesis-39	34	13	exhibit	exhibit	VERB
aisthesis-39	34	14	a	a	DET
aisthesis-39	34	15	positive	positive	ADJ
aisthesis-39	34	16	relationship	relationship	NOUN
aisthesis-39	34	17	between	between	ADP
aisthesis-39	34	18	debt	debt	NOUN
aisthesis-39	34	19	and	and	CCONJ
aisthesis-39	34	20	growth	growth	NOUN
aisthesis-39	34	21	(	(	PUNCT
aisthesis-39	34	22	minea	minea	PROPN
aisthesis-39	34	23	&	&	CCONJ
aisthesis-39	34	24	parent	parent	NOUN
aisthesis-39	34	25	,	,	PUNCT
aisthesis-39	34	26	2012	2012	NUM
aisthesis-39	34	27	)	)	PUNCT
aisthesis-39	34	28	.	.	PUNCT
aisthesis-39	35	1	the	the	DET
aisthesis-39	35	2	authors	author	NOUN
aisthesis-39	35	3	emphasize	emphasize	VERB
aisthesis-39	35	4	that	that	SCONJ
aisthesis-39	35	5	this	this	PRON
aisthesis-39	35	6	is	be	AUX
aisthesis-39	35	7	not	not	PART
aisthesis-39	35	8	an	an	DET
aisthesis-39	35	9	excuse	excuse	NOUN
aisthesis-39	35	10	for	for	SCONJ
aisthesis-39	35	11	countries	country	NOUN
aisthesis-39	35	12	to	to	PART
aisthesis-39	35	13	run	run	VERB
aisthesis-39	35	14	profligate	profligate	ADJ
aisthesis-39	35	15	fiscal	fiscal	ADJ
aisthesis-39	35	16	policies	policy	NOUN
aisthesis-39	35	17	;	;	PUNCT
aisthesis-39	35	18	rather	rather	ADV
aisthesis-39	35	19	,	,	PUNCT
aisthesis-39	35	20	it	it	PRON
aisthesis-39	35	21	simply	simply	ADV
aisthesis-39	35	22	illustrates	illustrate	VERB
aisthesis-39	35	23	that	that	SCONJ
aisthesis-39	35	24	the	the	DET
aisthesis-39	35	25	relationship	relationship	NOUN
aisthesis-39	35	26	between	between	ADP
aisthesis-39	35	27	debt	debt	NOUN
aisthesis-39	35	28	and	and	CCONJ
aisthesis-39	35	29	growth	growth	NOUN
aisthesis-39	35	30	is	be	AUX
aisthesis-39	35	31	subject	subject	ADJ
aisthesis-39	35	32	to	to	ADP
aisthesis-39	35	33	complex	complex	ADJ
aisthesis-39	35	34	nonlinearities	nonlinearitie	NOUN
aisthesis-39	35	35	,	,	PUNCT
aisthesis-39	35	36	and	and	CCONJ
aisthesis-39	35	37	therefore	therefore	ADV
aisthesis-39	35	38	making	make	VERB
aisthesis-39	35	39	policy	policy	NOUN
aisthesis-39	35	40	decisions	decision	NOUN
aisthesis-39	35	41	according	accord	VERB
aisthesis-39	35	42	to	to	ADP
aisthesis-39	35	43	a	a	DET
aisthesis-39	35	44	universal	universal	ADJ
aisthesis-39	35	45	threshold	threshold	NOUN
aisthesis-39	35	46	is	be	AUX
aisthesis-39	35	47	unwarranted	unwarranted	ADJ
aisthesis-39	35	48	.	.	PUNCT
aisthesis-39	36	1	indeed	indeed	ADV
aisthesis-39	36	2	,	,	PUNCT
aisthesis-39	36	3	panizza	panizza	NOUN
aisthesis-39	36	4	and	and	CCONJ
aisthesis-39	36	5	presbitero	presbitero	NOUN
aisthesis-39	36	6	agree	agree	VERB
aisthesis-39	36	7	,	,	PUNCT
aisthesis-39	36	8	saying	say	VERB
aisthesis-39	36	9	that	that	SCONJ
aisthesis-39	36	10	“	"	PUNCT
aisthesis-39	36	11	the	the	DET
aisthesis-39	36	12	conventional	conventional	ADJ
aisthesis-39	36	13	interpretation	interpretation	NOUN
aisthesis-39	36	14	of	of	ADP
aisthesis-39	36	15	the	the	DET
aisthesis-39	36	16	presence	presence	NOUN
aisthesis-39	36	17	of	of	ADP
aisthesis-39	36	18	a	a	DET
aisthesis-39	36	19	debt	debt	NOUN
aisthesis-39	36	20	threshold	threshold	NOUN
aisthesis-39	36	21	,	,	PUNCT
aisthesis-39	36	22	which	which	PRON
aisthesis-39	36	23	is	be	AUX
aisthesis-39	36	24	generally	generally	ADV
aisthesis-39	36	25	used	use	VERB
aisthesis-39	36	26	to	to	PART
aisthesis-39	36	27	argue	argue	VERB
aisthesis-39	36	28	that	that	SCONJ
aisthesis-39	36	29	if	if	SCONJ
aisthesis-39	36	30	a	a	DET
aisthesis-39	36	31	country	country	NOUN
aisthesis-39	36	32	raises	raise	VERB
aisthesis-39	36	33	its	its	PRON
aisthesis-39	36	34	public	public	ADJ
aisthesis-39	36	35	debt	debt	NOUN
aisthesis-39	36	36	-	-	PUNCT
aisthesis-39	36	37	to	to	ADP
aisthesis-39	36	38	-	-	PUNCT
aisthesis-39	36	39	gdp	gdp	NOUN
aisthesis-39	36	40	ratio	ratio	NOUN
aisthesis-39	36	41	above	above	ADP
aisthesis-39	36	42	90	90	NUM
aisthesis-39	36	43	percent	percent	NOUN
aisthesis-39	36	44	,	,	PUNCT
aisthesis-39	36	45	gdp	gdp	NOUN
aisthesis-39	36	46	growth	growth	NOUN
aisthesis-39	36	47	will	will	AUX
aisthesis-39	36	48	decline	decline	VERB
aisthesis-39	36	49	”	"	PUNCT
aisthesis-39	36	50	is	be	AUX
aisthesis-39	36	51	a	a	DET
aisthesis-39	36	52	“	"	PUNCT
aisthesis-39	36	53	fallacy	fallacy	NOUN
aisthesis-39	36	54	”	"	PUNCT
aisthesis-39	36	55	(	(	PUNCT
aisthesis-39	36	56	panizza	panizza	NOUN
aisthesis-39	36	57	&	&	CCONJ
aisthesis-39	36	58	presbitero	presbitero	PROPN
aisthesis-39	36	59	,	,	PUNCT
aisthesis-39	36	60	2012	2012	NUM
aisthesis-39	36	61	,	,	PUNCT
aisthesis-39	36	62	p.	p.	NOUN
aisthesis-39	36	63	18	18	NUM
aisthesis-39	36	64	)	)	PUNCT
aisthesis-39	36	65	.	.	PUNCT
aisthesis-39	37	1	égert	égert	PROPN
aisthesis-39	37	2	(	(	PUNCT
aisthesis-39	37	3	2015	2015	NUM
aisthesis-39	37	4	)	)	PUNCT
aisthesis-39	37	5	critiques	critique	NOUN
aisthesis-39	37	6	reinhart	reinhart	NOUN
aisthesis-39	37	7	and	and	CCONJ
aisthesis-39	37	8	rogoff	rogoff	NOUN
aisthesis-39	37	9	by	by	ADP
aisthesis-39	37	10	using	use	VERB
aisthesis-39	37	11	their	their	PRON
aisthesis-39	37	12	data	datum	NOUN
aisthesis-39	37	13	to	to	PART
aisthesis-39	37	14	replicate	replicate	VERB
aisthesis-39	37	15	their	their	PRON
aisthesis-39	37	16	study	study	NOUN
aisthesis-39	37	17	,	,	PUNCT
aisthesis-39	37	18	and	and	CCONJ
aisthesis-39	37	19	then	then	ADV
aisthesis-39	37	20	proceeds	proceed	VERB
aisthesis-39	37	21	to	to	PART
aisthesis-39	37	22	point	point	VERB
aisthesis-39	37	23	out	out	ADP
aisthesis-39	37	24	the	the	DET
aisthesis-39	37	25	weaknesses	weakness	NOUN
aisthesis-39	37	26	and	and	CCONJ
aisthesis-39	37	27	underlying	underlying	ADJ
aisthesis-39	37	28	assumptions	assumption	NOUN
aisthesis-39	37	29	in	in	ADP
aisthesis-39	37	30	the	the	DET
aisthesis-39	37	31	conclusions	conclusion	NOUN
aisthesis-39	37	32	they	they	PRON
aisthesis-39	37	33	draw	draw	VERB
aisthesis-39	37	34	.	.	PUNCT
aisthesis-39	38	1	at	at	ADP
aisthesis-39	38	2	first	first	ADV
aisthesis-39	38	3	,	,	PUNCT
aisthesis-39	38	4	égert	égert	PROPN
aisthesis-39	38	5	(	(	PUNCT
aisthesis-39	38	6	2015	2015	NUM
aisthesis-39	38	7	)	)	PUNCT
aisthesis-39	38	8	conducts	conduct	VERB
aisthesis-39	38	9	a	a	DET
aisthesis-39	38	10	simple	simple	ADJ
aisthesis-39	38	11	comparison	comparison	NOUN
aisthesis-39	38	12	by	by	ADP
aisthesis-39	38	13	graphing	graph	VERB
aisthesis-39	38	14	debt	debt	NOUN
aisthesis-39	38	15	and	and	CCONJ
aisthesis-39	38	16	gdp	gdp	NOUN
aisthesis-39	38	17	on	on	ADP
aisthesis-39	38	18	a	a	DET
aisthesis-39	38	19	scatter	scatter	NOUN
aisthesis-39	38	20	plot	plot	NOUN
aisthesis-39	38	21	.	.	PUNCT
aisthesis-39	39	1	the	the	DET
aisthesis-39	39	2	plots	plot	NOUN
aisthesis-39	39	3	do	do	AUX
aisthesis-39	39	4	not	not	PART
aisthesis-39	39	5	reveal	reveal	VERB
aisthesis-39	39	6	any	any	DET
aisthesis-39	39	7	relationship	relationship	NOUN
aisthesis-39	39	8	between	between	ADP
aisthesis-39	39	9	debt	debt	NOUN
aisthesis-39	39	10	and	and	CCONJ
aisthesis-39	39	11	growth	growth	NOUN
aisthesis-39	39	12	,	,	PUNCT
aisthesis-39	39	13	even	even	ADV
aisthesis-39	39	14	when	when	SCONJ
aisthesis-39	39	15	gdp	gdp	NOUN
aisthesis-39	39	16	is	be	AUX
aisthesis-39	39	17	lagged	lag	VERB
aisthesis-39	39	18	and	and	CCONJ
aisthesis-39	39	19	nonoverlapping	nonoverlappe	VERB
aisthesis-39	39	20	averages	average	NOUN
aisthesis-39	39	21	of	of	ADP
aisthesis-39	39	22	growth	growth	NOUN
aisthesis-39	39	23	and	and	CCONJ
aisthesis-39	39	24	debt	debt	NOUN
aisthesis-39	39	25	in	in	ADP
aisthesis-39	39	26	10	10	NUM
aisthesis-39	39	27	year	year	NOUN
aisthesis-39	39	28	intervals	interval	NOUN
aisthesis-39	39	29	are	be	AUX
aisthesis-39	39	30	used	use	VERB
aisthesis-39	39	31	(	(	PUNCT
aisthesis-39	39	32	égert	égert	NOUN
aisthesis-39	39	33	,	,	PUNCT
aisthesis-39	39	34	2015	2015	NUM
aisthesis-39	39	35	)	)	PUNCT
aisthesis-39	39	36	.	.	PUNCT
aisthesis-39	40	1	égert	égert	PROPN
aisthesis-39	40	2	then	then	ADV
aisthesis-39	40	3	moves	move	VERB
aisthesis-39	40	4	to	to	ADP
aisthesis-39	40	5	an	an	DET
aisthesis-39	40	6	econometric	econometric	ADJ
aisthesis-39	40	7	test	test	NOUN
aisthesis-39	40	8	of	of	ADP
aisthesis-39	40	9	r	r	PROPN
aisthesis-39	40	10	&	&	CCONJ
aisthesis-39	40	11	r	r	NOUN
aisthesis-39	40	12	’s	’s	PART
aisthesis-39	40	13	results	result	NOUN
aisthesis-39	40	14	,	,	PUNCT
aisthesis-39	40	15	imposing	impose	VERB
aisthesis-39	40	16	the	the	DET
aisthesis-39	40	17	same	same	ADJ
aisthesis-39	40	18	thresholds	threshold	NOUN
aisthesis-39	40	19	that	that	SCONJ
aisthesis-39	40	20	r	r	NOUN
aisthesis-39	40	21	&	&	CCONJ
aisthesis-39	40	22	r	r	NOUN
aisthesis-39	40	23	used	use	VERB
aisthesis-39	40	24	in	in	ADP
aisthesis-39	40	25	their	their	PRON
aisthesis-39	40	26	study	study	NOUN
aisthesis-39	40	27	(	(	PUNCT
aisthesis-39	40	28	<	<	X
aisthesis-39	40	29	30	30	NUM
aisthesis-39	40	30	%	%	NOUN
aisthesis-39	40	31	,	,	PUNCT
aisthesis-39	40	32	30%–60	30%–60	NUM
aisthesis-39	40	33	%	%	NOUN
aisthesis-39	40	34	,	,	PUNCT
aisthesis-39	40	35	60%–90	60%–90	NUM
aisthesis-39	40	36	%	%	NOUN
aisthesis-39	40	37	,	,	PUNCT
aisthesis-39	40	38	and	and	CCONJ
aisthesis-39	40	39	>	>	SYM
aisthesis-39	40	40	90	90	NUM
aisthesis-39	40	41	%	%	NOUN
aisthesis-39	40	42	)	)	PUNCT
aisthesis-39	40	43	(	(	PUNCT
aisthesis-39	40	44	égert	égert	NOUN
aisthesis-39	40	45	,	,	PUNCT
aisthesis-39	40	46	2015	2015	NUM
aisthesis-39	40	47	)	)	PUNCT
aisthesis-39	40	48	.	.	PUNCT
aisthesis-39	41	1	but	but	CCONJ
aisthesis-39	41	2	,	,	PUNCT
aisthesis-39	41	3	just	just	ADV
aisthesis-39	41	4	like	like	ADP
aisthesis-39	41	5	panizza	panizza	NOUN
aisthesis-39	41	6	and	and	CCONJ
aisthesis-39	41	7	presbitero	presbitero	NOUN
aisthesis-39	41	8	(	(	PUNCT
aisthesis-39	41	9	2012	2012	NUM
aisthesis-39	41	10	)	)	PUNCT
aisthesis-39	41	11	,	,	PUNCT
aisthesis-39	41	12	he	he	PRON
aisthesis-39	41	13	finds	find	VERB
aisthesis-39	41	14	these	these	DET
aisthesis-39	41	15	imposed	impose	VERB
aisthesis-39	41	16	thresholds	threshold	NOUN
aisthesis-39	41	17	to	to	PART
aisthesis-39	41	18	be	be	AUX
aisthesis-39	41	19	very	very	ADV
aisthesis-39	41	20	arbitrary	arbitrary	ADJ
aisthesis-39	41	21	,	,	PUNCT
aisthesis-39	41	22	unreliable	unreliable	ADJ
aisthesis-39	41	23	,	,	PUNCT
aisthesis-39	41	24	and	and	CCONJ
aisthesis-39	41	25	undesirable	undesirable	ADJ
aisthesis-39	41	26	,	,	PUNCT
aisthesis-39	41	27	which	which	PRON
aisthesis-39	41	28	leads	lead	VERB
aisthesis-39	41	29	him	he	PRON
aisthesis-39	41	30	to	to	PART
aisthesis-39	41	31	construct	construct	VERB
aisthesis-39	41	32	a	a	DET
aisthesis-39	41	33	threshold	threshold	NOUN
aisthesis-39	41	34	regression	regression	NOUN
aisthesis-39	41	35	model	model	NOUN
aisthesis-39	41	36	that	that	PRON
aisthesis-39	41	37	determines	determine	VERB
aisthesis-39	41	38	thresholds	threshold	NOUN
aisthesis-39	41	39	endogenously	endogenously	ADV
aisthesis-39	41	40	(	(	PUNCT
aisthesis-39	41	41	égert	égert	NOUN
aisthesis-39	41	42	,	,	PUNCT
aisthesis-39	41	43	2015	2015	NUM
aisthesis-39	41	44	)	)	PUNCT
aisthesis-39	41	45	.	.	PUNCT
aisthesis-39	42	1	his	his	PRON
aisthesis-39	42	2	model	model	NOUN
aisthesis-39	42	3	finds	find	VERB
aisthesis-39	42	4	relatively	relatively	ADV
aisthesis-39	42	5	weak	weak	ADJ
aisthesis-39	42	6	connections	connection	NOUN
aisthesis-39	42	7	between	between	ADP
aisthesis-39	42	8	debt	debt	NOUN
aisthesis-39	42	9	and	and	CCONJ
aisthesis-39	42	10	growth	growth	NOUN
aisthesis-39	42	11	,	,	PUNCT
aisthesis-39	42	12	and	and	CCONJ
aisthesis-39	42	13	in	in	ADP
aisthesis-39	42	14	fact	fact	NOUN
aisthesis-39	42	15	the	the	DET
aisthesis-39	42	16	relationship	relationship	NOUN
aisthesis-39	42	17	becomes	become	VERB
aisthesis-39	42	18	weaker	weak	ADJ
aisthesis-39	42	19	as	as	SCONJ
aisthesis-39	42	20	debt	debt	NOUN
aisthesis-39	42	21	levels	level	NOUN
aisthesis-39	42	22	rise	rise	VERB
aisthesis-39	42	23	.	.	PUNCT
aisthesis-39	43	1	in	in	ADP
aisthesis-39	43	2	addition	addition	NOUN
aisthesis-39	43	3	,	,	PUNCT
aisthesis-39	43	4	his	his	PRON
aisthesis-39	43	5	model	model	NOUN
aisthesis-39	43	6	finds	find	VERB
aisthesis-39	43	7	thresholds	threshold	NOUN
aisthesis-39	43	8	that	that	PRON
aisthesis-39	43	9	are	be	AUX
aisthesis-39	43	10	much	much	ADV
aisthesis-39	43	11	lower	low	ADJ
aisthesis-39	43	12	than	than	ADP
aisthesis-39	43	13	90	90	NUM
aisthesis-39	43	14	percent—60	percent—60	NOUN
aisthesis-39	43	15	percentage	percentage	NOUN
aisthesis-39	43	16	points	point	NOUN
aisthesis-39	43	17	lower	lower	ADV
aisthesis-39	43	18	in	in	ADP
aisthesis-39	43	19	fact	fact	NOUN
aisthesis-39	43	20	,	,	PUNCT
aisthesis-39	43	21	with	with	ADP
aisthesis-39	43	22	a	a	DET
aisthesis-39	43	23	negative	negative	ADJ
aisthesis-39	43	24	relationship	relationship	NOUN
aisthesis-39	43	25	evident	evident	ADJ
aisthesis-39	43	26	at	at	ADP
aisthesis-39	43	27	the	the	DET
aisthesis-39	43	28	30	30	NUM
aisthesis-39	43	29	percent	percent	NOUN
aisthesis-39	43	30	debt	debt	NOUN
aisthesis-39	43	31	-	-	PUNCT
aisthesis-39	43	32	to	to	ADP
aisthesis-39	43	33	-	-	PUNCT
aisthesis-39	43	34	gdp	gdp	NOUN
aisthesis-39	43	35	level	level	NOUN
aisthesis-39	43	36	in	in	ADP
aisthesis-39	43	37	advanced	advanced	ADJ
aisthesis-39	43	38	economies	economy	NOUN
aisthesis-39	43	39	(	(	PUNCT
aisthesis-39	43	40	égert	égert	NOUN
aisthesis-39	43	41	,	,	PUNCT
aisthesis-39	43	42	2015	2015	NUM
aisthesis-39	43	43	)	)	PUNCT
aisthesis-39	43	44	.	.	PUNCT
aisthesis-39	44	1	in	in	ADP
aisthesis-39	44	2	all	all	PRON
aisthesis-39	44	3	,	,	PUNCT
aisthesis-39	44	4	the	the	DET
aisthesis-39	44	5	fact	fact	NOUN
aisthesis-39	44	6	that	that	SCONJ
aisthesis-39	44	7	this	this	DET
aisthesis-39	44	8	study	study	NOUN
aisthesis-39	44	9	found	find	VERB
aisthesis-39	44	10	a	a	DET
aisthesis-39	44	11	much	much	ADV
aisthesis-39	44	12	weaker	weak	ADJ
aisthesis-39	44	13	relationship	relationship	NOUN
aisthesis-39	44	14	between	between	ADP
aisthesis-39	44	15	debt	debt	NOUN
aisthesis-39	44	16	and	and	CCONJ
aisthesis-39	44	17	growth	growth	NOUN
aisthesis-39	44	18	casts	cast	VERB
aisthesis-39	44	19	significant	significant	ADJ
aisthesis-39	44	20	doubts	doubt	NOUN
aisthesis-39	44	21	on	on	ADP
aisthesis-39	44	22	the	the	DET
aisthesis-39	44	23	existence	existence	NOUN
aisthesis-39	44	24	of	of	ADP
aisthesis-39	44	25	a	a	DET
aisthesis-39	44	26	universal	universal	ADJ
aisthesis-39	44	27	90	90	NUM
aisthesis-39	44	28	percent	percent	NOUN
aisthesis-39	44	29	threshold	threshold	NOUN
aisthesis-39	44	30	as	as	SCONJ
aisthesis-39	44	31	purported	purport	VERB
aisthesis-39	44	32	by	by	ADP
aisthesis-39	44	33	r	r	PROPN
aisthesis-39	44	34	&	&	CCONJ
aisthesis-39	44	35	r.	r.	PROPN
aisthesis-39	44	36	chudik	chudik	PROPN
aisthesis-39	44	37	et	et	PROPN
aisthesis-39	44	38	al	al	PROPN
aisthesis-39	44	39	.	.	PROPN
aisthesis-39	45	1	(	(	PUNCT
aisthesis-39	45	2	2015	2015	NUM
aisthesis-39	45	3	)	)	PUNCT
aisthesis-39	45	4	advance	advance	VERB
aisthesis-39	45	5	the	the	DET
aisthesis-39	45	6	most	most	ADV
aisthesis-39	45	7	compelling	compelling	ADJ
aisthesis-39	45	8	hypothesis	hypothesis	NOUN
aisthesis-39	45	9	about	about	ADP
aisthesis-39	45	10	the	the	DET
aisthesis-39	45	11	effects	effect	NOUN
aisthesis-39	45	12	of	of	ADP
aisthesis-39	45	13	debt	debt	NOUN
aisthesis-39	45	14	levels	level	NOUN
aisthesis-39	45	15	on	on	ADP
aisthesis-39	45	16	gdp	gdp	NOUN
aisthesis-39	45	17	growth	growth	NOUN
aisthesis-39	45	18	.	.	PUNCT
aisthesis-39	46	1	they	they	PRON
aisthesis-39	46	2	argue	argue	VERB
aisthesis-39	46	3	that	that	SCONJ
aisthesis-39	46	4	the	the	DET
aisthesis-39	46	5	complexity	complexity	NOUN
aisthesis-39	46	6	of	of	ADP
aisthesis-39	46	7	the	the	DET
aisthesis-39	46	8	the	the	DET
aisthesis-39	46	9	debt	debt	NOUN
aisthesis-39	46	10	-	-	PUNCT
aisthesis-39	46	11	to	to	ADP
aisthesis-39	46	12	-	-	PUNCT
aisthesis-39	46	13	gdp	gdp	NOUN
aisthesis-39	46	14	threshold	threshold	NOUN
aisthesis-39	46	15	effect	effect	NOUN
aisthesis-39	46	16	on	on	ADP
aisthesis-39	46	17	output	output	NOUN
aisthesis-39	46	18	:	:	PUNCT
aisthesis-39	46	19	a	a	DET
aisthesis-39	46	20	country	country	NOUN
aisthesis-39	46	21	-	-	PUNCT
aisthesis-39	46	22	specific	specific	ADJ
aisthesis-39	46	23	analysis	analysis	NOUN
aisthesis-39	46	24	aisthesis	aisthesis	NOUN
aisthesis-39	46	25	volume	volume	NOUN
aisthesis-39	46	26	8	8	NUM
aisthesis-39	46	27	,	,	PUNCT
aisthesis-39	46	28	201728	201728	NUM
aisthesis-39	46	29	relationship	relationship	NOUN
aisthesis-39	46	30	between	between	ADP
aisthesis-39	46	31	debt	debt	NOUN
aisthesis-39	46	32	and	and	CCONJ
aisthesis-39	46	33	growth	growth	NOUN
aisthesis-39	46	34	makes	make	VERB
aisthesis-39	46	35	any	any	DET
aisthesis-39	46	36	attempt	attempt	NOUN
aisthesis-39	46	37	to	to	PART
aisthesis-39	46	38	establish	establish	VERB
aisthesis-39	46	39	a	a	DET
aisthesis-39	46	40	one	one	NUM
aisthesis-39	46	41	-	-	PUNCT
aisthesis-39	46	42	way	way	NOUN
aisthesis-39	46	43	,	,	PUNCT
aisthesis-39	46	44	causal	causal	ADV
aisthesis-39	46	45	,	,	PUNCT
aisthesis-39	46	46	non	non	ADJ
aisthesis-39	46	47	-	-	ADJ
aisthesis-39	46	48	linear	linear	ADJ
aisthesis-39	46	49	effect	effect	NOUN
aisthesis-39	46	50	between	between	ADP
aisthesis-39	46	51	the	the	DET
aisthesis-39	46	52	two	two	NUM
aisthesis-39	46	53	difficult	difficult	ADJ
aisthesis-39	46	54	,	,	PUNCT
aisthesis-39	46	55	and	and	CCONJ
aisthesis-39	46	56	any	any	DET
aisthesis-39	46	57	claim	claim	NOUN
aisthesis-39	46	58	that	that	PRON
aisthesis-39	46	59	does	do	AUX
aisthesis-39	46	60	attempt	attempt	VERB
aisthesis-39	46	61	to	to	PART
aisthesis-39	46	62	establish	establish	VERB
aisthesis-39	46	63	such	such	DET
aisthesis-39	46	64	a	a	DET
aisthesis-39	46	65	relationship	relationship	NOUN
aisthesis-39	46	66	is	be	AUX
aisthesis-39	46	67	unconvincing	unconvincing	ADJ
aisthesis-39	46	68	.	.	PUNCT
aisthesis-39	47	1	instead	instead	ADV
aisthesis-39	47	2	,	,	PUNCT
aisthesis-39	47	3	the	the	DET
aisthesis-39	47	4	authors	author	NOUN
aisthesis-39	47	5	contend	contend	VERB
aisthesis-39	47	6	that	that	SCONJ
aisthesis-39	47	7	the	the	DET
aisthesis-39	47	8	trajectory	trajectory	NOUN
aisthesis-39	47	9	of	of	ADP
aisthesis-39	47	10	public	public	ADJ
aisthesis-39	47	11	debt	debt	NOUN
aisthesis-39	47	12	is	be	AUX
aisthesis-39	47	13	what	what	PRON
aisthesis-39	47	14	has	have	VERB
aisthesis-39	47	15	significant	significant	ADJ
aisthesis-39	47	16	negative	negative	ADJ
aisthesis-39	47	17	long	long	ADJ
aisthesis-39	47	18	-	-	PUNCT
aisthesis-39	47	19	run	run	NOUN
aisthesis-39	47	20	effects	effect	NOUN
aisthesis-39	47	21	on	on	ADP
aisthesis-39	47	22	growth	growth	NOUN
aisthesis-39	47	23	.	.	PUNCT
aisthesis-39	48	1	foundational	foundational	ADJ
aisthesis-39	48	2	to	to	ADP
aisthesis-39	48	3	their	their	PRON
aisthesis-39	48	4	argument	argument	NOUN
aisthesis-39	48	5	is	be	AUX
aisthesis-39	48	6	the	the	DET
aisthesis-39	48	7	observation	observation	NOUN
aisthesis-39	48	8	that	that	SCONJ
aisthesis-39	48	9	“	"	PUNCT
aisthesis-39	48	10	crosscountry	crosscountry	PROPN
aisthesis-39	48	11	experience	experience	NOUN
aisthesis-39	48	12	shows	show	VERB
aisthesis-39	48	13	that	that	SCONJ
aisthesis-39	48	14	some	some	DET
aisthesis-39	48	15	economies	economy	NOUN
aisthesis-39	48	16	have	have	AUX
aisthesis-39	48	17	run	run	VERB
aisthesis-39	48	18	into	into	ADP
aisthesis-39	48	19	debt	debt	NOUN
aisthesis-39	48	20	difficulties	difficulty	NOUN
aisthesis-39	48	21	and	and	CCONJ
aisthesis-39	48	22	experienced	experience	VERB
aisthesis-39	48	23	subdued	subdued	ADJ
aisthesis-39	48	24	growth	growth	NOUN
aisthesis-39	48	25	at	at	ADP
aisthesis-39	48	26	relatively	relatively	ADV
aisthesis-39	48	27	low	low	ADJ
aisthesis-39	48	28	debt	debt	NOUN
aisthesis-39	48	29	levels	level	NOUN
aisthesis-39	48	30	,	,	PUNCT
aisthesis-39	48	31	while	while	SCONJ
aisthesis-39	48	32	others	other	NOUN
aisthesis-39	48	33	have	have	AUX
aisthesis-39	48	34	been	be	AUX
aisthesis-39	48	35	able	able	ADJ
aisthesis-39	48	36	to	to	PART
aisthesis-39	48	37	sustain	sustain	VERB
aisthesis-39	48	38	high	high	ADJ
aisthesis-39	48	39	levels	level	NOUN
aisthesis-39	48	40	of	of	ADP
aisthesis-39	48	41	indebtedness	indebtedness	NOUN
aisthesis-39	48	42	for	for	ADP
aisthesis-39	48	43	prolonged	prolonged	ADJ
aisthesis-39	48	44	periods	period	NOUN
aisthesis-39	48	45	and	and	CCONJ
aisthesis-39	48	46	grow	grow	VERB
aisthesis-39	48	47	strongly	strongly	ADV
aisthesis-39	48	48	without	without	ADP
aisthesis-39	48	49	experiencing	experience	VERB
aisthesis-39	48	50	debt	debt	NOUN
aisthesis-39	48	51	distress	distress	NOUN
aisthesis-39	48	52	,	,	PUNCT
aisthesis-39	48	53	”	"	PUNCT
aisthesis-39	48	54	which	which	PRON
aisthesis-39	48	55	leads	lead	VERB
aisthesis-39	48	56	us	we	PRON
aisthesis-39	48	57	to	to	PART
aisthesis-39	48	58	conclude	conclude	VERB
aisthesis-39	48	59	that	that	SCONJ
aisthesis-39	48	60	the	the	DET
aisthesis-39	48	61	effect	effect	NOUN
aisthesis-39	48	62	of	of	ADP
aisthesis-39	48	63	debt	debt	NOUN
aisthesis-39	48	64	on	on	ADP
aisthesis-39	48	65	growth	growth	NOUN
aisthesis-39	48	66	varies	vary	VERB
aisthesis-39	48	67	from	from	ADP
aisthesis-39	48	68	country	country	NOUN
aisthesis-39	48	69	to	to	ADP
aisthesis-39	48	70	country	country	NOUN
aisthesis-39	48	71	(	(	PUNCT
aisthesis-39	48	72	chudik	chudik	VERB
aisthesis-39	48	73	et	et	PROPN
aisthesis-39	48	74	al	al	PROPN
aisthesis-39	48	75	.	.	PROPN
aisthesis-39	48	76	,	,	PUNCT
aisthesis-39	48	77	2015	2015	NUM
aisthesis-39	48	78	,	,	PUNCT
aisthesis-39	48	79	p.	p.	NOUN
aisthesis-39	48	80	4	4	NUM
aisthesis-39	48	81	)	)	PUNCT
aisthesis-39	48	82	.	.	PUNCT
aisthesis-39	49	1	while	while	SCONJ
aisthesis-39	49	2	not	not	PART
aisthesis-39	49	3	criticizing	criticize	VERB
aisthesis-39	49	4	r	r	NOUN
aisthesis-39	49	5	&	&	CCONJ
aisthesis-39	49	6	r	r	NOUN
aisthesis-39	49	7	directly	directly	ADV
aisthesis-39	49	8	,	,	PUNCT
aisthesis-39	49	9	chudik	chudik	PROPN
aisthesis-39	49	10	et	et	PROPN
aisthesis-39	49	11	al	al	PROPN
aisthesis-39	49	12	.	.	PROPN
aisthesis-39	49	13	point	point	VERB
aisthesis-39	49	14	out	out	ADP
aisthesis-39	49	15	problems	problem	NOUN
aisthesis-39	49	16	with	with	ADP
aisthesis-39	49	17	their	their	PRON
aisthesis-39	49	18	study	study	NOUN
aisthesis-39	49	19	,	,	PUNCT
aisthesis-39	49	20	namely	namely	ADV
aisthesis-39	49	21	that	that	SCONJ
aisthesis-39	49	22	their	their	PRON
aisthesis-39	49	23	results	result	NOUN
aisthesis-39	49	24	are	be	AUX
aisthesis-39	49	25	based	base	VERB
aisthesis-39	49	26	on	on	ADP
aisthesis-39	49	27	“	"	PUNCT
aisthesis-39	49	28	strong	strong	ADJ
aisthesis-39	49	29	homogeneity	homogeneity	NOUN
aisthesis-39	49	30	assumptions	assumption	NOUN
aisthesis-39	49	31	”	"	PUNCT
aisthesis-39	49	32	and	and	CCONJ
aisthesis-39	49	33	have	have	AUX
aisthesis-39	49	34	also	also	ADV
aisthesis-39	49	35	ignored	ignore	VERB
aisthesis-39	49	36	reverse	reverse	ADJ
aisthesis-39	49	37	causal	causal	ADJ
aisthesis-39	49	38	effects	effect	NOUN
aisthesis-39	49	39	from	from	ADP
aisthesis-39	49	40	gdp	gdp	NOUN
aisthesis-39	49	41	growth	growth	NOUN
aisthesis-39	49	42	to	to	ADP
aisthesis-39	49	43	debt	debt	NOUN
aisthesis-39	49	44	(	(	PUNCT
aisthesis-39	49	45	chudik	chudik	VERB
aisthesis-39	49	46	et	et	PROPN
aisthesis-39	49	47	al	al	PROPN
aisthesis-39	49	48	.	.	PROPN
aisthesis-39	49	49	,	,	PUNCT
aisthesis-39	49	50	2015	2015	NUM
aisthesis-39	49	51	,	,	PUNCT
aisthesis-39	49	52	p.	p.	NOUN
aisthesis-39	49	53	4	4	NUM
aisthesis-39	49	54	)	)	PUNCT
aisthesis-39	49	55	.	.	PUNCT
aisthesis-39	50	1	one	one	NUM
aisthesis-39	50	2	of	of	ADP
aisthesis-39	50	3	the	the	DET
aisthesis-39	50	4	more	more	ADV
aisthesis-39	50	5	pertinent	pertinent	ADJ
aisthesis-39	50	6	findings	finding	NOUN
aisthesis-39	50	7	by	by	ADP
aisthesis-39	50	8	chudik	chudik	PROPN
aisthesis-39	50	9	et	et	PROPN
aisthesis-39	50	10	al	al	PROPN
aisthesis-39	50	11	.	.	PROPN
aisthesis-39	50	12	(	(	PUNCT
aisthesis-39	50	13	2015	2015	NUM
aisthesis-39	50	14	)	)	PUNCT
aisthesis-39	50	15	is	be	AUX
aisthesis-39	50	16	that	that	PRON
aisthesis-39	50	17	short	short	ADJ
aisthesis-39	50	18	-	-	PUNCT
aisthesis-39	50	19	run	run	NOUN
aisthesis-39	50	20	deficits	deficit	NOUN
aisthesis-39	50	21	are	be	AUX
aisthesis-39	50	22	acceptable	acceptable	ADJ
aisthesis-39	50	23	,	,	PUNCT
aisthesis-39	50	24	and	and	CCONJ
aisthesis-39	50	25	in	in	ADP
aisthesis-39	50	26	the	the	DET
aisthesis-39	50	27	long	long	ADJ
aisthesis-39	50	28	run	run	NOUN
aisthesis-39	50	29	market	market	NOUN
aisthesis-39	50	30	and	and	CCONJ
aisthesis-39	50	31	consumer	consumer	NOUN
aisthesis-39	50	32	expectations	expectation	NOUN
aisthesis-39	50	33	are	be	AUX
aisthesis-39	50	34	what	what	PRON
aisthesis-39	50	35	matter	matter	NOUN
aisthesis-39	50	36	.	.	PUNCT
aisthesis-39	51	1	this	this	PRON
aisthesis-39	51	2	parallels	parallel	VERB
aisthesis-39	51	3	the	the	DET
aisthesis-39	51	4	conventional	conventional	ADJ
aisthesis-39	51	5	wisdom	wisdom	NOUN
aisthesis-39	51	6	that	that	SCONJ
aisthesis-39	51	7	a	a	DET
aisthesis-39	51	8	temporary	temporary	ADJ
aisthesis-39	51	9	increase	increase	NOUN
aisthesis-39	51	10	in	in	ADP
aisthesis-39	51	11	government	government	NOUN
aisthesis-39	51	12	expenditures	expenditure	NOUN
aisthesis-39	51	13	during	during	ADP
aisthesis-39	51	14	recessions	recession	NOUN
aisthesis-39	51	15	is	be	AUX
aisthesis-39	51	16	necessary	necessary	ADJ
aisthesis-39	51	17	to	to	PART
aisthesis-39	51	18	avoid	avoid	VERB
aisthesis-39	51	19	hysteresis	hysteresis	NOUN
aisthesis-39	51	20	,	,	PUNCT
aisthesis-39	51	21	or	or	CCONJ
aisthesis-39	51	22	the	the	DET
aisthesis-39	51	23	“	"	PUNCT
aisthesis-39	51	24	echo	echo	NOUN
aisthesis-39	51	25	”	"	PUNCT
aisthesis-39	51	26	of	of	ADP
aisthesis-39	51	27	the	the	DET
aisthesis-39	51	28	recession	recession	NOUN
aisthesis-39	51	29	into	into	ADP
aisthesis-39	51	30	the	the	DET
aisthesis-39	51	31	future	future	NOUN
aisthesis-39	51	32	,	,	PUNCT
aisthesis-39	51	33	which	which	PRON
aisthesis-39	51	34	negatively	negatively	ADV
aisthesis-39	51	35	impacts	impact	VERB
aisthesis-39	51	36	growth	growth	NOUN
aisthesis-39	51	37	even	even	ADV
aisthesis-39	51	38	after	after	SCONJ
aisthesis-39	51	39	the	the	DET
aisthesis-39	51	40	recession	recession	NOUN
aisthesis-39	51	41	is	be	AUX
aisthesis-39	51	42	over	over	ADV
aisthesis-39	51	43	.	.	PUNCT
aisthesis-39	52	1	indeed	indeed	ADV
aisthesis-39	52	2	,	,	PUNCT
aisthesis-39	52	3	if	if	SCONJ
aisthesis-39	52	4	the	the	DET
aisthesis-39	52	5	debt	debt	NOUN
aisthesis-39	52	6	-	-	PUNCT
aisthesis-39	52	7	togdp	togdp	NOUN
aisthesis-39	52	8	ratio	ratio	NOUN
aisthesis-39	52	9	is	be	AUX
aisthesis-39	52	10	raised	raise	VERB
aisthesis-39	52	11	temporarily	temporarily	ADV
aisthesis-39	52	12	to	to	PART
aisthesis-39	52	13	“	"	PUNCT
aisthesis-39	52	14	help	help	AUX
aisthesis-39	52	15	smooth	smooth	VERB
aisthesis-39	52	16	out	out	ADP
aisthesis-39	52	17	business	business	NOUN
aisthesis-39	52	18	cycle	cycle	NOUN
aisthesis-39	52	19	fluctuations	fluctuation	NOUN
aisthesis-39	52	20	,	,	PUNCT
aisthesis-39	52	21	”	"	PUNCT
aisthesis-39	52	22	chudik	chudik	VERB
aisthesis-39	52	23	et	et	PROPN
aisthesis-39	52	24	al	al	PROPN
aisthesis-39	52	25	.	.	PROPN
aisthesis-39	52	26	find	find	VERB
aisthesis-39	52	27	no	no	DET
aisthesis-39	52	28	long	long	ADV
aisthesis-39	52	29	-	-	PUNCT
aisthesis-39	52	30	run	run	VERB
aisthesis-39	52	31	negative	negative	ADJ
aisthesis-39	52	32	impact	impact	NOUN
aisthesis-39	52	33	on	on	ADP
aisthesis-39	52	34	growth	growth	NOUN
aisthesis-39	52	35	(	(	PUNCT
aisthesis-39	52	36	chudik	chudik	VERB
aisthesis-39	52	37	et	et	PROPN
aisthesis-39	52	38	al	al	PROPN
aisthesis-39	52	39	.	.	PROPN
aisthesis-39	52	40	,	,	PUNCT
aisthesis-39	52	41	2015	2015	NUM
aisthesis-39	52	42	,	,	PUNCT
aisthesis-39	52	43	p.	p.	NOUN
aisthesis-39	52	44	6	6	NUM
aisthesis-39	52	45	)	)	PUNCT
aisthesis-39	52	46	.	.	PUNCT
aisthesis-39	53	1	method	method	NOUN
aisthesis-39	53	2	i	i	PRON
aisthesis-39	53	3	perform	perform	VERB
aisthesis-39	53	4	a	a	DET
aisthesis-39	53	5	threshold	threshold	NOUN
aisthesis-39	53	6	regression	regression	NOUN
aisthesis-39	53	7	according	accord	VERB
aisthesis-39	53	8	to	to	ADP
aisthesis-39	53	9	the	the	DET
aisthesis-39	53	10	following	follow	VERB
aisthesis-39	53	11	equation	equation	NOUN
aisthesis-39	53	12	,	,	PUNCT
aisthesis-39	53	13	for	for	ADP
aisthesis-39	53	14	each	each	DET
aisthesis-39	53	15	country	country	NOUN
aisthesis-39	53	16	individually	individually	ADV
aisthesis-39	53	17	:	:	PUNCT
aisthesis-39	53	18	∆y	∆y	PROPN
aisthesis-39	53	19	=	=	SYM
aisthesis-39	53	20	(	(	PUNCT
aisthesis-39	53	21	α0	α0	PROPN
aisthesis-39	53	22	+	+	NUM
aisthesis-39	53	23	α1n	α1n	NOUN
aisthesis-39	53	24	+	+	CCONJ
aisthesis-39	53	25	α2π	α2π	PROPN
aisthesis-39	53	26	+	+	CCONJ
aisthesis-39	53	27	α3yt-1	α3yt-1	ADJ
aisthesis-39	53	28	)	)	PUNCT
aisthesis-39	53	29	i(d	i(d	VERB
aisthesis-39	53	30	≥	≥	NUM
aisthesis-39	53	31	γ	γ	NOUN
aisthesis-39	53	32	)	)	PUNCT
aisthesis-39	53	33	+	+	CCONJ
aisthesis-39	54	1	(	(	PUNCT
aisthesis-39	54	2	β0	β0	NOUN
aisthesis-39	54	3	+	+	CCONJ
aisthesis-39	54	4	β1n	β1n	X
aisthesis-39	55	1	+	+	ADJ
aisthesis-39	55	2	β2π	β2π	VERB
aisthesis-39	55	3	+	+	ADJ
aisthesis-39	55	4	β3yt-1	β3yt-1	ADJ
aisthesis-39	55	5	)	)	PUNCT
aisthesis-39	55	6	i(d	i(d	VERB
aisthesis-39	55	7	<	<	X
aisthesis-39	55	8	γ	γ	X
aisthesis-39	55	9	)	)	PUNCT
aisthesis-39	55	10	+	+	NUM
aisthesis-39	55	11	et	et	NOUN
aisthesis-39	55	12	the	the	DET
aisthesis-39	55	13	threshold	threshold	NOUN
aisthesis-39	55	14	variable	variable	NOUN
aisthesis-39	55	15	,	,	PUNCT
aisthesis-39	55	16	d	d	NOUN
aisthesis-39	55	17	,	,	PUNCT
aisthesis-39	55	18	is	be	AUX
aisthesis-39	55	19	debt	debt	NOUN
aisthesis-39	55	20	-	-	PUNCT
aisthesis-39	55	21	to	to	ADP
aisthesis-39	55	22	-	-	PUNCT
aisthesis-39	55	23	gdp	gdp	NOUN
aisthesis-39	55	24	ratio	ratio	NOUN
aisthesis-39	55	25	,	,	PUNCT
aisthesis-39	55	26	the	the	DET
aisthesis-39	55	27	dependent	dependent	ADJ
aisthesis-39	55	28	variable	variable	NOUN
aisthesis-39	55	29	,	,	PUNCT
aisthesis-39	55	30	∆y	∆y	PROPN
aisthesis-39	55	31	,	,	PUNCT
aisthesis-39	55	32	is	be	AUX
aisthesis-39	55	33	annual	annual	ADJ
aisthesis-39	55	34	real	real	ADJ
aisthesis-39	55	35	gdp	gdp	NOUN
aisthesis-39	55	36	growth	growth	NOUN
aisthesis-39	55	37	per	per	ADP
aisthesis-39	55	38	capita	capita	NOUN
aisthesis-39	55	39	,	,	PUNCT
aisthesis-39	55	40	and	and	CCONJ
aisthesis-39	55	41	gamma	gamma	NOUN
aisthesis-39	55	42	,	,	PUNCT
aisthesis-39	55	43	γ	γ	PROPN
aisthesis-39	55	44	,	,	PUNCT
aisthesis-39	55	45	is	be	AUX
aisthesis-39	55	46	the	the	DET
aisthesis-39	55	47	endogenous	endogenous	ADJ
aisthesis-39	55	48	threshold	threshold	NOUN
aisthesis-39	55	49	parameter	parameter	NOUN
aisthesis-39	55	50	.	.	PUNCT
aisthesis-39	56	1	the	the	DET
aisthesis-39	56	2	independent	independent	ADJ
aisthesis-39	56	3	variables	variable	NOUN
aisthesis-39	56	4	are	be	AUX
aisthesis-39	56	5	population	population	NOUN
aisthesis-39	56	6	(	(	PUNCT
aisthesis-39	56	7	n	n	CCONJ
aisthesis-39	56	8	)	)	PUNCT
aisthesis-39	56	9	,	,	PUNCT
aisthesis-39	56	10	inflation	inflation	NOUN
aisthesis-39	56	11	(	(	PUNCT
aisthesis-39	56	12	π	π	NOUN
aisthesis-39	56	13	)	)	PUNCT
aisthesis-39	56	14	based	base	VERB
aisthesis-39	56	15	on	on	ADP
aisthesis-39	56	16	cpi	cpi	PROPN
aisthesis-39	56	17	,	,	PUNCT
aisthesis-39	56	18	and	and	CCONJ
aisthesis-39	56	19	gdp	gdp	NOUN
aisthesis-39	56	20	growth	growth	NOUN
aisthesis-39	56	21	lagged	lag	VERB
aisthesis-39	56	22	one	one	NUM
aisthesis-39	56	23	period	period	NOUN
aisthesis-39	56	24	(	(	PUNCT
aisthesis-39	56	25	yt-1	yt-1	ADJ
aisthesis-39	56	26	)	)	PUNCT
aisthesis-39	56	27	.	.	PUNCT
aisthesis-39	57	1	the	the	DET
aisthesis-39	57	2	annual	annual	ADJ
aisthesis-39	57	3	data	data	NOUN
aisthesis-39	57	4	is	be	AUX
aisthesis-39	57	5	from	from	ADP
aisthesis-39	57	6	reinhart	reinhart	NOUN
aisthesis-39	57	7	and	and	CCONJ
aisthesis-39	57	8	rogoff	rogoff	NOUN
aisthesis-39	57	9	’s	’s	PART
aisthesis-39	57	10	(	(	PUNCT
aisthesis-39	57	11	2010	2010	NUM
aisthesis-39	57	12	)	)	PUNCT
aisthesis-39	57	13	data	datum	NOUN
aisthesis-39	57	14	set	set	VERB
aisthesis-39	57	15	used	use	VERB
aisthesis-39	57	16	in	in	ADP
aisthesis-39	57	17	their	their	PRON
aisthesis-39	57	18	paper	paper	NOUN
aisthesis-39	57	19	“	"	PUNCT
aisthesis-39	57	20	growth	growth	NOUN
aisthesis-39	57	21	in	in	ADP
aisthesis-39	57	22	a	a	DET
aisthesis-39	57	23	time	time	NOUN
aisthesis-39	57	24	of	of	ADP
aisthesis-39	57	25	debt	debt	NOUN
aisthesis-39	57	26	.	.	PUNCT
aisthesis-39	57	27	”	"	PUNCT
aisthesis-39	58	1	observations	observation	NOUN
aisthesis-39	58	2	for	for	ADP
aisthesis-39	58	3	each	each	DET
aisthesis-39	58	4	variable	variable	ADJ
aisthesis-39	58	5	extend	extend	VERB
aisthesis-39	58	6	as	as	ADV
aisthesis-39	58	7	far	far	ADV
aisthesis-39	58	8	back	back	ADV
aisthesis-39	58	9	as	as	ADP
aisthesis-39	58	10	1861	1861	NUM
aisthesis-39	58	11	,	,	PUNCT
aisthesis-39	58	12	resulting	result	VERB
aisthesis-39	58	13	in	in	ADP
aisthesis-39	58	14	more	more	ADJ
aisthesis-39	58	15	than	than	ADP
aisthesis-39	58	16	one	one	NUM
aisthesis-39	58	17	hundred	hundred	NUM
aisthesis-39	58	18	observations	observation	NOUN
aisthesis-39	58	19	for	for	ADP
aisthesis-39	58	20	each	each	DET
aisthesis-39	58	21	country	country	NOUN
aisthesis-39	58	22	,	,	PUNCT
aisthesis-39	58	23	even	even	ADV
aisthesis-39	58	24	when	when	SCONJ
aisthesis-39	58	25	gaps	gap	NOUN
aisthesis-39	58	26	in	in	ADP
aisthesis-39	58	27	the	the	DET
aisthesis-39	58	28	data	datum	NOUN
aisthesis-39	58	29	are	be	AUX
aisthesis-39	58	30	accounted	account	VERB
aisthesis-39	58	31	for	for	ADP
aisthesis-39	58	32	.	.	PUNCT
aisthesis-39	59	1	the	the	DET
aisthesis-39	59	2	countries	country	NOUN
aisthesis-39	59	3	analyzed	analyze	VERB
aisthesis-39	59	4	are	be	AUX
aisthesis-39	59	5	australia	australia	PROPN
aisthesis-39	59	6	(	(	PUNCT
aisthesis-39	59	7	annual	annual	ADJ
aisthesis-39	59	8	observations	observation	NOUN
aisthesis-39	59	9	from	from	ADP
aisthesis-39	59	10	1862	1862	NUM
aisthesis-39	59	11	-	-	SYM
aisthesis-39	59	12	2008	2008	NUM
aisthesis-39	59	13	)	)	PUNCT
aisthesis-39	59	14	,	,	PUNCT
aisthesis-39	59	15	canada	canada	PROPN
aisthesis-39	59	16	(	(	PUNCT
aisthesis-39	59	17	1871	1871	NUM
aisthesis-39	59	18	-	-	SYM
aisthesis-39	59	19	2008	2008	NUM
aisthesis-39	59	20	)	)	PUNCT
aisthesis-39	59	21	,	,	PUNCT
aisthesis-39	59	22	chile	chile	PROPN
aisthesis-39	59	23	(	(	PUNCT
aisthesis-39	59	24	1862	1862	NUM
aisthesis-39	59	25	-	-	SYM
aisthesis-39	59	26	2008	2008	NUM
aisthesis-39	59	27	)	)	PUNCT
aisthesis-39	59	28	,	,	PUNCT
aisthesis-39	59	29	france	france	PROPN
aisthesis-39	59	30	(	(	PUNCT
aisthesis-39	59	31	1862	1862	NUM
aisthesis-39	59	32	-	-	SYM
aisthesis-39	59	33	2008	2008	NUM
aisthesis-39	59	34	)	)	PUNCT
aisthesis-39	59	35	,	,	PUNCT
aisthesis-39	59	36	germany	germany	PROPN
aisthesis-39	59	37	(	(	PUNCT
aisthesis-39	59	38	1862	1862	NUM
aisthesis-39	59	39	-	-	SYM
aisthesis-39	59	40	2008	2008	NUM
aisthesis-39	59	41	)	)	PUNCT
aisthesis-39	59	42	,	,	PUNCT
aisthesis-39	59	43	greece	greece	PROPN
aisthesis-39	59	44	(	(	PUNCT
aisthesis-39	59	45	1914	1914	NUM
aisthesis-39	59	46	-	-	SYM
aisthesis-39	59	47	2008	2008	NUM
aisthesis-39	59	48	)	)	PUNCT
aisthesis-39	59	49	,	,	PUNCT
aisthesis-39	59	50	italy	italy	PROPN
aisthesis-39	59	51	(	(	PUNCT
aisthesis-39	59	52	1862	1862	NUM
aisthesis-39	59	53	-	-	SYM
aisthesis-39	59	54	2008	2008	NUM
aisthesis-39	59	55	)	)	PUNCT
aisthesis-39	59	56	,	,	PUNCT
aisthesis-39	59	57	new	new	PROPN
aisthesis-39	59	58	zealand	zealand	PROPN
aisthesis-39	59	59	(	(	PUNCT
aisthesis-39	59	60	1871	1871	NUM
aisthesis-39	59	61	-	-	SYM
aisthesis-39	59	62	2008	2008	NUM
aisthesis-39	59	63	)	)	PUNCT
aisthesis-39	59	64	,	,	PUNCT
aisthesis-39	59	65	the	the	DET
aisthesis-39	59	66	united	united	ADJ
aisthesis-39	59	67	kingdom	kingdom	PROPN
aisthesis-39	59	68	(	(	PUNCT
aisthesis-39	59	69	1862	1862	NUM
aisthesis-39	59	70	-	-	SYM
aisthesis-39	59	71	2008	2008	NUM
aisthesis-39	59	72	)	)	PUNCT
aisthesis-39	59	73	,	,	PUNCT
aisthesis-39	59	74	and	and	CCONJ
aisthesis-39	59	75	the	the	DET
aisthesis-39	59	76	united	united	PROPN
aisthesis-39	59	77	states	states	PROPN
aisthesis-39	59	78	(	(	PUNCT
aisthesis-39	59	79	1871	1871	NUM
aisthesis-39	59	80	-	-	SYM
aisthesis-39	59	81	2008	2008	NUM
aisthesis-39	59	82	)	)	PUNCT
aisthesis-39	59	83	.	.	PUNCT
aisthesis-39	60	1	these	these	DET
aisthesis-39	60	2	countries	country	NOUN
aisthesis-39	60	3	were	be	AUX
aisthesis-39	60	4	used	use	VERB
aisthesis-39	60	5	because	because	SCONJ
aisthesis-39	60	6	many	many	ADJ
aisthesis-39	60	7	of	of	ADP
aisthesis-39	60	8	them	they	PRON
aisthesis-39	60	9	enacted	enact	VERB
aisthesis-39	60	10	budget	budget	NOUN
aisthesis-39	60	11	austerity	austerity	NOUN
aisthesis-39	60	12	measures	measure	NOUN
aisthesis-39	60	13	,	,	PUNCT
aisthesis-39	60	14	as	as	SCONJ
aisthesis-39	60	15	mentioned	mention	VERB
aisthesis-39	60	16	in	in	ADP
aisthesis-39	60	17	the	the	DET
aisthesis-39	60	18	introduction	introduction	NOUN
aisthesis-39	60	19	,	,	PUNCT
aisthesis-39	60	20	and	and	CCONJ
aisthesis-39	60	21	because	because	SCONJ
aisthesis-39	60	22	they	they	PRON
aisthesis-39	60	23	are	be	AUX
aisthesis-39	60	24	the	the	DET
aisthesis-39	60	25	world	world	NOUN
aisthesis-39	60	26	’s	’s	PART
aisthesis-39	60	27	leading	lead	VERB
aisthesis-39	60	28	economies	economy	NOUN
aisthesis-39	60	29	,	,	PUNCT
aisthesis-39	60	30	so	so	ADV
aisthesis-39	60	31	enough	enough	ADJ
aisthesis-39	60	32	data	datum	NOUN
aisthesis-39	60	33	is	be	AUX
aisthesis-39	60	34	available	available	ADJ
aisthesis-39	60	35	on	on	ADP
aisthesis-39	60	36	each	each	DET
aisthesis-39	60	37	country	country	NOUN
aisthesis-39	60	38	to	to	PART
aisthesis-39	60	39	populate	populate	VERB
aisthesis-39	60	40	the	the	DET
aisthesis-39	60	41	model	model	NOUN
aisthesis-39	60	42	.	.	PUNCT
aisthesis-39	61	1	preview	preview	NOUN
aisthesis-39	61	2	of	of	ADP
aisthesis-39	61	3	results	result	NOUN
aisthesis-39	61	4	within	within	ADP
aisthesis-39	61	5	the	the	DET
aisthesis-39	61	6	sample	sample	NOUN
aisthesis-39	61	7	,	,	PUNCT
aisthesis-39	61	8	statistically	statistically	ADV
aisthesis-39	61	9	significant	significant	ADJ
aisthesis-39	61	10	thresholds	threshold	NOUN
aisthesis-39	61	11	were	be	AUX
aisthesis-39	61	12	found	find	VERB
aisthesis-39	61	13	for	for	ADP
aisthesis-39	61	14	france	france	PROPN
aisthesis-39	61	15	,	,	PUNCT
aisthesis-39	61	16	greece	greece	PROPN
aisthesis-39	61	17	,	,	PUNCT
aisthesis-39	61	18	italy	italy	PROPN
aisthesis-39	61	19	,	,	PUNCT
aisthesis-39	61	20	the	the	DET
aisthesis-39	61	21	united	united	ADJ
aisthesis-39	61	22	kingdom	kingdom	PROPN
aisthesis-39	61	23	,	,	PUNCT
aisthesis-39	61	24	and	and	CCONJ
aisthesis-39	61	25	the	the	DET
aisthesis-39	61	26	united	united	PROPN
aisthesis-39	61	27	states	states	PROPN
aisthesis-39	61	28	.	.	PUNCT
aisthesis-39	62	1	the	the	DET
aisthesis-39	62	2	regression	regression	NOUN
aisthesis-39	62	3	results	result	VERB
aisthesis-39	62	4	for	for	ADP
aisthesis-39	62	5	these	these	DET
aisthesis-39	62	6	countries	country	NOUN
aisthesis-39	62	7	are	be	AUX
aisthesis-39	62	8	included	include	VERB
aisthesis-39	62	9	below	below	ADV
aisthesis-39	62	10	,	,	PUNCT
aisthesis-39	62	11	as	as	ADV
aisthesis-39	62	12	well	well	ADV
aisthesis-39	62	13	as	as	ADP
aisthesis-39	62	14	two	two	NUM
aisthesis-39	62	15	graphs	graph	NOUN
aisthesis-39	62	16	of	of	ADP
aisthesis-39	62	17	each	each	DET
aisthesis-39	62	18	country	country	NOUN
aisthesis-39	62	19	’s	’s	PART
aisthesis-39	62	20	debt	debt	NOUN
aisthesis-39	62	21	levels	level	NOUN
aisthesis-39	62	22	over	over	ADP
aisthesis-39	62	23	time	time	NOUN
aisthesis-39	62	24	;	;	PUNCT
aisthesis-39	62	25	one	one	NUM
aisthesis-39	62	26	graphs	graph	VERB
aisthesis-39	62	27	debt	debt	NOUN
aisthesis-39	62	28	over	over	ADP
aisthesis-39	62	29	the	the	DET
aisthesis-39	62	30	past	past	ADJ
aisthesis-39	62	31	century	century	NOUN
aisthesis-39	62	32	and	and	CCONJ
aisthesis-39	62	33	a	a	DET
aisthesis-39	62	34	half	half	NOUN
aisthesis-39	62	35	,	,	PUNCT
aisthesis-39	62	36	while	while	SCONJ
aisthesis-39	62	37	the	the	DET
aisthesis-39	62	38	other	other	ADJ
aisthesis-39	62	39	graphs	graph	VERB
aisthesis-39	62	40	debt	debt	NOUN
aisthesis-39	62	41	over	over	ADP
aisthesis-39	62	42	the	the	DET
aisthesis-39	62	43	past	past	ADJ
aisthesis-39	62	44	three	three	NUM
aisthesis-39	62	45	decades	decade	NOUN
aisthesis-39	62	46	.	.	PUNCT
aisthesis-39	63	1	the	the	DET
aisthesis-39	63	2	purpose	purpose	NOUN
aisthesis-39	63	3	of	of	ADP
aisthesis-39	63	4	including	include	VERB
aisthesis-39	63	5	the	the	DET
aisthesis-39	63	6	graphs	graph	NOUN
aisthesis-39	63	7	is	be	AUX
aisthesis-39	63	8	to	to	PART
aisthesis-39	63	9	investigate	investigate	VERB
aisthesis-39	63	10	chudik	chudik	PROPN
aisthesis-39	63	11	et	et	PROPN
aisthesis-39	63	12	al	al	PROPN
aisthesis-39	63	13	.	.	PROPN
aisthesis-39	63	14	’s	’s	PART
aisthesis-39	63	15	(	(	PUNCT
aisthesis-39	63	16	2015	2015	NUM
aisthesis-39	63	17	)	)	PUNCT
aisthesis-39	63	18	claim	claim	VERB
aisthesis-39	63	19	that	that	SCONJ
aisthesis-39	63	20	debt	debt	NOUN
aisthesis-39	63	21	trajectory	trajectory	NOUN
aisthesis-39	63	22	matters	matter	NOUN
aisthesis-39	63	23	when	when	SCONJ
aisthesis-39	63	24	establishing	establish	VERB
aisthesis-39	63	25	a	a	DET
aisthesis-39	63	26	statistically	statistically	ADV
aisthesis-39	63	27	significant	significant	ADJ
aisthesis-39	63	28	debt	debt	NOUN
aisthesis-39	63	29	threshold	threshold	NOUN
aisthesis-39	63	30	.	.	PUNCT
aisthesis-39	64	1	statistically	statistically	ADV
aisthesis-39	64	2	significant	significant	ADJ
aisthesis-39	64	3	thresholds	threshold	NOUN
aisthesis-39	64	4	were	be	AUX
aisthesis-39	64	5	not	not	PART
aisthesis-39	64	6	found	find	VERB
aisthesis-39	64	7	for	for	ADP
aisthesis-39	64	8	australia	australia	PROPN
aisthesis-39	64	9	,	,	PUNCT
aisthesis-39	64	10	canada	canada	PROPN
aisthesis-39	64	11	,	,	PUNCT
aisthesis-39	64	12	chile	chile	PROPN
aisthesis-39	64	13	,	,	PUNCT
aisthesis-39	64	14	germany	germany	PROPN
aisthesis-39	64	15	,	,	PUNCT
aisthesis-39	64	16	and	and	CCONJ
aisthesis-39	64	17	new	new	PROPN
aisthesis-39	64	18	zealand	zealand	PROPN
aisthesis-39	64	19	.	.	PUNCT
aisthesis-39	65	1	therefore	therefore	ADV
aisthesis-39	65	2	,	,	PUNCT
aisthesis-39	65	3	their	their	PRON
aisthesis-39	65	4	regression	regression	NOUN
aisthesis-39	65	5	results	result	NOUN
aisthesis-39	65	6	are	be	AUX
aisthesis-39	65	7	not	not	PART
aisthesis-39	65	8	included	include	VERB
aisthesis-39	65	9	.	.	PUNCT
aisthesis-39	66	1	graphs	graph	NOUN
aisthesis-39	66	2	of	of	ADP
aisthesis-39	66	3	debt	debt	NOUN
aisthesis-39	66	4	over	over	ADP
aisthesis-39	66	5	time	time	NOUN
aisthesis-39	66	6	,	,	PUNCT
aisthesis-39	66	7	exactly	exactly	ADV
aisthesis-39	66	8	like	like	ADP
aisthesis-39	66	9	the	the	DET
aisthesis-39	66	10	ones	one	NOUN
aisthesis-39	66	11	listed	list	VERB
aisthesis-39	66	12	in	in	ADP
aisthesis-39	66	13	the	the	DET
aisthesis-39	66	14	preceding	precede	VERB
aisthesis-39	66	15	paragraph	paragraph	NOUN
aisthesis-39	66	16	,	,	PUNCT
aisthesis-39	66	17	are	be	AUX
aisthesis-39	66	18	included	include	VERB
aisthesis-39	66	19	to	to	PART
aisthesis-39	66	20	support	support	VERB
aisthesis-39	66	21	the	the	DET
aisthesis-39	66	22	other	other	ADJ
aisthesis-39	66	23	side	side	NOUN
aisthesis-39	66	24	of	of	ADP
aisthesis-39	66	25	chudik	chudik	PROPN
aisthesis-39	66	26	et	et	PROPN
aisthesis-39	66	27	al	al	PROPN
aisthesis-39	66	28	.	.	PROPN
aisthesis-39	66	29	’s	’s	PART
aisthesis-39	66	30	claim	claim	NOUN
aisthesis-39	66	31	.	.	PUNCT
aisthesis-39	67	1	to	to	PART
aisthesis-39	67	2	explain	explain	VERB
aisthesis-39	67	3	,	,	PUNCT
aisthesis-39	67	4	if	if	SCONJ
aisthesis-39	67	5	chudik	chudik	VERB
aisthesis-39	67	6	et	et	VERB
aisthesis-39	67	7	al	al	PROPN
aisthesis-39	67	8	.	.	PROPN
aisthesis-39	67	9	’s	’s	PART
aisthesis-39	67	10	findings	findings	PROPN
aisthesis-39	67	11	hold	hold	VERB
aisthesis-39	67	12	,	,	PUNCT
aisthesis-39	67	13	then	then	ADV
aisthesis-39	67	14	countries	country	NOUN
aisthesis-39	67	15	without	without	ADP
aisthesis-39	67	16	significant	significant	ADJ
aisthesis-39	67	17	debt	debt	NOUN
aisthesis-39	67	18	thresholds	threshold	NOUN
aisthesis-39	67	19	should	should	AUX
aisthesis-39	67	20	have	have	VERB
aisthesis-39	67	21	debt	debt	NOUN
aisthesis-39	67	22	levels	level	NOUN
aisthesis-39	67	23	that	that	PRON
aisthesis-39	67	24	are	be	AUX
aisthesis-39	67	25	either	either	ADV
aisthesis-39	67	26	falling	fall	VERB
aisthesis-39	67	27	or	or	CCONJ
aisthesis-39	67	28	low	low	ADJ
aisthesis-39	67	29	.	.	PUNCT
aisthesis-39	68	1	for	for	ADP
aisthesis-39	68	2	clarity	clarity	NOUN
aisthesis-39	68	3	,	,	PUNCT
aisthesis-39	68	4	the	the	DET
aisthesis-39	68	5	results	result	NOUN
aisthesis-39	68	6	are	be	AUX
aisthesis-39	68	7	broken	break	VERB
aisthesis-39	68	8	up	up	ADP
aisthesis-39	68	9	into	into	ADP
aisthesis-39	68	10	two	two	NUM
aisthesis-39	68	11	sections	section	NOUN
aisthesis-39	68	12	,	,	PUNCT
aisthesis-39	68	13	results	result	VERB
aisthesis-39	68	14	a	a	PRON
aisthesis-39	68	15	and	and	CCONJ
aisthesis-39	68	16	results	result	NOUN
aisthesis-39	68	17	b.	b.	PROPN
aisthesis-39	68	18	the	the	DET
aisthesis-39	68	19	countries	country	NOUN
aisthesis-39	68	20	with	with	ADP
aisthesis-39	68	21	significant	significant	ADJ
aisthesis-39	68	22	debt	debt	NOUN
aisthesis-39	68	23	thresholds	threshold	NOUN
aisthesis-39	68	24	are	be	AUX
aisthesis-39	68	25	in	in	ADP
aisthesis-39	68	26	results	result	NOUN
aisthesis-39	68	27	a	a	PRON
aisthesis-39	68	28	,	,	PUNCT
aisthesis-39	68	29	while	while	SCONJ
aisthesis-39	68	30	the	the	DET
aisthesis-39	68	31	others	other	NOUN
aisthesis-39	68	32	are	be	AUX
aisthesis-39	68	33	in	in	ADP
aisthesis-39	68	34	results	result	NOUN
aisthesis-39	68	35	b.	b.	PROPN
aisthesis-39	69	1	a	a	DET
aisthesis-39	69	2	discussion	discussion	NOUN
aisthesis-39	69	3	of	of	ADP
aisthesis-39	69	4	the	the	DET
aisthesis-39	69	5	results	result	NOUN
aisthesis-39	69	6	follows	follow	VERB
aisthesis-39	69	7	each	each	DET
aisthesis-39	69	8	section	section	NOUN
aisthesis-39	69	9	,	,	PUNCT
aisthesis-39	69	10	which	which	PRON
aisthesis-39	69	11	is	be	AUX
aisthesis-39	69	12	then	then	ADV
aisthesis-39	69	13	followed	follow	VERB
aisthesis-39	69	14	by	by	ADP
aisthesis-39	69	15	a	a	DET
aisthesis-39	69	16	discussion	discussion	NOUN
aisthesis-39	69	17	of	of	ADP
aisthesis-39	69	18	both	both	DET
aisthesis-39	69	19	sections	section	NOUN
aisthesis-39	69	20	together	together	ADV
aisthesis-39	69	21	along	along	ADV
aisthesis-39	69	22	with	with	ADP
aisthesis-39	69	23	a	a	DET
aisthesis-39	69	24	brief	brief	ADJ
aisthesis-39	69	25	policy	policy	NOUN
aisthesis-39	69	26	discussion	discussion	NOUN
aisthesis-39	69	27	.	.	PUNCT
aisthesis-39	70	1	the	the	DET
aisthesis-39	70	2	debt	debt	NOUN
aisthesis-39	70	3	-	-	PUNCT
aisthesis-39	70	4	to	to	ADP
aisthesis-39	70	5	-	-	PUNCT
aisthesis-39	70	6	gdp	gdp	NOUN
aisthesis-39	70	7	threshold	threshold	NOUN
aisthesis-39	70	8	effect	effect	NOUN
aisthesis-39	70	9	on	on	ADP
aisthesis-39	70	10	output	output	NOUN
aisthesis-39	70	11	:	:	PUNCT
aisthesis-39	70	12	a	a	DET
aisthesis-39	70	13	country	country	NOUN
aisthesis-39	70	14	-	-	PUNCT
aisthesis-39	70	15	specific	specific	ADJ
aisthesis-39	70	16	analysis	analysis	NOUN
aisthesis-39	70	17	aisthesis	aisthesis	NOUN
aisthesis-39	70	18	volume	volume	NOUN
aisthesis-39	70	19	8	8	NUM
aisthesis-39	70	20	,	,	PUNCT
aisthesis-39	70	21	201729	201729	NUM
aisthesis-39	70	22	results	result	VERB
aisthesis-39	70	23	a	a	DET
aisthesis-39	70	24	france	france	PROPN
aisthesis-39	70	25	greece	greece	PROPN
aisthesis-39	70	26	figure	figure	VERB
aisthesis-39	70	27	1.1	1.1	NUM
aisthesis-39	70	28	.	.	PUNCT
aisthesis-39	71	1	france	france	PROPN
aisthesis-39	71	2	.	.	PUNCT
aisthesis-39	72	1	figure	figure	VERB
aisthesis-39	72	2	1.2	1.2	NUM
aisthesis-39	72	3	.	.	PUNCT
aisthesis-39	73	1	debt	debt	NOUN
aisthesis-39	73	2	/	/	SYM
aisthesis-39	73	3	gdp	gdp	NOUN
aisthesis-39	73	4	of	of	ADP
aisthesis-39	73	5	france	france	PROPN
aisthesis-39	73	6	,	,	PUNCT
aisthesis-39	73	7	1980	1980	NUM
aisthesis-39	73	8	-	-	SYM
aisthesis-39	73	9	2010	2010	NUM
aisthesis-39	73	10	.	.	PUNCT
aisthesis-39	74	1	figure	figure	VERB
aisthesis-39	74	2	1.3	1.3	NUM
aisthesis-39	74	3	.	.	PUNCT
aisthesis-39	75	1	debt	debt	NOUN
aisthesis-39	75	2	/	/	SYM
aisthesis-39	75	3	gdp	gdp	NOUN
aisthesis-39	75	4	of	of	ADP
aisthesis-39	75	5	france	france	PROPN
aisthesis-39	75	6	,	,	PUNCT
aisthesis-39	75	7	1880	1880	NUM
aisthesis-39	75	8	-	-	SYM
aisthesis-39	75	9	2006	2006	NUM
aisthesis-39	75	10	.	.	PUNCT
aisthesis-39	76	1	figure	figure	VERB
aisthesis-39	76	2	2.1	2.1	NUM
aisthesis-39	76	3	.	.	PUNCT
aisthesis-39	77	1	greece	greece	PROPN
aisthesis-39	77	2	.	.	PUNCT
aisthesis-39	77	3	figure	figure	VERB
aisthesis-39	77	4	2.2	2.2	NUM
aisthesis-39	77	5	.	.	PUNCT
aisthesis-39	78	1	debt	debt	NOUN
aisthesis-39	78	2	/	/	SYM
aisthesis-39	78	3	gdp	gdp	NOUN
aisthesis-39	78	4	of	of	ADP
aisthesis-39	78	5	greece	greece	PROPN
aisthesis-39	78	6	,	,	PUNCT
aisthesis-39	78	7	1980	1980	NUM
aisthesis-39	78	8	-	-	SYM
aisthesis-39	78	9	2010	2010	NUM
aisthesis-39	78	10	.	.	PUNCT
aisthesis-39	79	1	figure	figure	VERB
aisthesis-39	79	2	2.3	2.3	NUM
aisthesis-39	79	3	.	.	PUNCT
aisthesis-39	80	1	debt	debt	NOUN
aisthesis-39	80	2	/	/	SYM
aisthesis-39	80	3	gdp	gdp	NOUN
aisthesis-39	80	4	of	of	ADP
aisthesis-39	80	5	greece	greece	PROPN
aisthesis-39	80	6	,	,	PUNCT
aisthesis-39	80	7	1861	1861	NUM
aisthesis-39	80	8	-	-	SYM
aisthesis-39	80	9	2008	2008	NUM
aisthesis-39	80	10	.	.	PUNCT
aisthesis-39	81	1	the	the	DET
aisthesis-39	81	2	debt	debt	NOUN
aisthesis-39	81	3	-	-	PUNCT
aisthesis-39	81	4	to	to	ADP
aisthesis-39	81	5	-	-	PUNCT
aisthesis-39	81	6	gdp	gdp	NOUN
aisthesis-39	81	7	threshold	threshold	NOUN
aisthesis-39	81	8	effect	effect	NOUN
aisthesis-39	81	9	on	on	ADP
aisthesis-39	81	10	output	output	NOUN
aisthesis-39	81	11	:	:	PUNCT
aisthesis-39	81	12	a	a	DET
aisthesis-39	81	13	country	country	NOUN
aisthesis-39	81	14	-	-	PUNCT
aisthesis-39	81	15	specific	specific	ADJ
aisthesis-39	81	16	analysis	analysis	NOUN
aisthesis-39	81	17	aisthesis	aisthesis	NOUN
aisthesis-39	81	18	volume	volume	NOUN
aisthesis-39	81	19	8	8	NUM
aisthesis-39	81	20	,	,	PUNCT
aisthesis-39	81	21	201730	201730	NUM
aisthesis-39	81	22	italy	italy	PROPN
aisthesis-39	81	23	united	unite	VERB
aisthesis-39	81	24	kingdom	kingdom	PROPN
aisthesis-39	81	25	figure	figure	NOUN
aisthesis-39	81	26	3.1	3.1	NUM
aisthesis-39	81	27	.	.	PUNCT
aisthesis-39	82	1	italy	italy	PROPN
aisthesis-39	82	2	.	.	PUNCT
aisthesis-39	83	1	figure	figure	VERB
aisthesis-39	83	2	3.3	3.3	NUM
aisthesis-39	83	3	.	.	PUNCT
aisthesis-39	84	1	debt	debt	NOUN
aisthesis-39	84	2	/	/	SYM
aisthesis-39	84	3	gdp	gdp	NOUN
aisthesis-39	84	4	of	of	ADP
aisthesis-39	84	5	italy	italy	PROPN
aisthesis-39	84	6	,	,	PUNCT
aisthesis-39	84	7	1861	1861	NUM
aisthesis-39	84	8	-	-	SYM
aisthesis-39	84	9	2008	2008	NUM
aisthesis-39	84	10	.	.	PUNCT
aisthesis-39	85	1	figure	figure	NOUN
aisthesis-39	85	2	3.2	3.2	NUM
aisthesis-39	85	3	.	.	PUNCT
aisthesis-39	86	1	debt	debt	NOUN
aisthesis-39	86	2	/	/	SYM
aisthesis-39	86	3	gdp	gdp	NOUN
aisthesis-39	86	4	of	of	ADP
aisthesis-39	86	5	italy	italy	PROPN
aisthesis-39	86	6	,	,	PUNCT
aisthesis-39	86	7	1980	1980	NUM
aisthesis-39	86	8	-	-	SYM
aisthesis-39	86	9	2010	2010	NUM
aisthesis-39	86	10	.	.	PUNCT
aisthesis-39	87	1	figure	figure	VERB
aisthesis-39	87	2	4.1	4.1	NUM
aisthesis-39	87	3	.	.	PUNCT
aisthesis-39	88	1	united	united	PROPN
aisthesis-39	88	2	kingdom	kingdom	PROPN
aisthesis-39	88	3	.	.	PUNCT
aisthesis-39	89	1	figure	figure	VERB
aisthesis-39	89	2	4.2	4.2	NUM
aisthesis-39	89	3	.	.	PUNCT
aisthesis-39	90	1	debt	debt	NOUN
aisthesis-39	90	2	/	/	SYM
aisthesis-39	90	3	gdp	gdp	NOUN
aisthesis-39	90	4	of	of	ADP
aisthesis-39	90	5	the	the	DET
aisthesis-39	90	6	united	united	PROPN
aisthesis-39	90	7	kingdom	kingdom	PROPN
aisthesis-39	90	8	,	,	PUNCT
aisthesis-39	90	9	19802010	19802010	NUM
aisthesis-39	90	10	.	.	PUNCT
aisthesis-39	91	1	figure	figure	VERB
aisthesis-39	91	2	4.3	4.3	NUM
aisthesis-39	91	3	.	.	PUNCT
aisthesis-39	92	1	debt	debt	NOUN
aisthesis-39	92	2	/	/	SYM
aisthesis-39	92	3	gdp	gdp	NOUN
aisthesis-39	92	4	of	of	ADP
aisthesis-39	92	5	the	the	DET
aisthesis-39	92	6	united	united	PROPN
aisthesis-39	92	7	kingdom	kingdom	PROPN
aisthesis-39	92	8	,	,	PUNCT
aisthesis-39	92	9	18612008	18612008	NUM
aisthesis-39	92	10	.	.	PUNCT
aisthesis-39	93	1	the	the	DET
aisthesis-39	93	2	debt	debt	NOUN
aisthesis-39	93	3	-	-	PUNCT
aisthesis-39	93	4	to	to	ADP
aisthesis-39	93	5	-	-	PUNCT
aisthesis-39	93	6	gdp	gdp	NOUN
aisthesis-39	93	7	threshold	threshold	NOUN
aisthesis-39	93	8	effect	effect	NOUN
aisthesis-39	93	9	on	on	ADP
aisthesis-39	93	10	output	output	NOUN
aisthesis-39	93	11	:	:	PUNCT
aisthesis-39	93	12	a	a	DET
aisthesis-39	93	13	country	country	NOUN
aisthesis-39	93	14	-	-	PUNCT
aisthesis-39	93	15	specific	specific	ADJ
aisthesis-39	93	16	analysis	analysis	NOUN
aisthesis-39	93	17	aisthesis	aisthesis	NOUN
aisthesis-39	93	18	volume	volume	NOUN
aisthesis-39	93	19	8	8	NUM
aisthesis-39	93	20	,	,	PUNCT
aisthesis-39	93	21	201731	201731	NUM
aisthesis-39	93	22	united	united	PROPN
aisthesis-39	93	23	states	states	PROPN
aisthesis-39	93	24	discussion	discussion	NOUN
aisthesis-39	93	25	of	of	ADP
aisthesis-39	93	26	results	result	NOUN
aisthesis-39	93	27	a	a	PRON
aisthesis-39	93	28	for	for	ADP
aisthesis-39	93	29	france	france	PROPN
aisthesis-39	93	30	,	,	PUNCT
aisthesis-39	93	31	the	the	DET
aisthesis-39	93	32	model	model	NOUN
aisthesis-39	93	33	found	find	VERB
aisthesis-39	93	34	a	a	DET
aisthesis-39	93	35	threshold	threshold	NOUN
aisthesis-39	93	36	at	at	ADP
aisthesis-39	93	37	a	a	DET
aisthesis-39	93	38	debt	debt	NOUN
aisthesis-39	93	39	-	-	PUNCT
aisthesis-39	93	40	to	to	ADP
aisthesis-39	93	41	-	-	PUNCT
aisthesis-39	93	42	gdp	gdp	NOUN
aisthesis-39	93	43	ratio	ratio	NOUN
aisthesis-39	93	44	of	of	ADP
aisthesis-39	93	45	80	80	NUM
aisthesis-39	93	46	percent	percent	NOUN
aisthesis-39	93	47	(	(	PUNCT
aisthesis-39	93	48	figure	figure	NOUN
aisthesis-39	93	49	1.1	1.1	NUM
aisthesis-39	93	50	)	)	PUNCT
aisthesis-39	93	51	.	.	PUNCT
aisthesis-39	94	1	the	the	DET
aisthesis-39	94	2	coefficient	coefficient	NOUN
aisthesis-39	94	3	for	for	ADP
aisthesis-39	94	4	debt	debt	NOUN
aisthesis-39	94	5	is	be	AUX
aisthesis-39	94	6	significant	significant	ADJ
aisthesis-39	94	7	at	at	ADP
aisthesis-39	94	8	the	the	DET
aisthesis-39	94	9	99	99	NUM
aisthesis-39	94	10	percent	percent	NOUN
aisthesis-39	94	11	confidence	confidence	NOUN
aisthesis-39	94	12	interval	interval	NOUN
aisthesis-39	94	13	.	.	PUNCT
aisthesis-39	95	1	what	what	PRON
aisthesis-39	95	2	is	be	AUX
aisthesis-39	95	3	interesting	interesting	ADJ
aisthesis-39	95	4	,	,	PUNCT
aisthesis-39	95	5	however	however	ADV
aisthesis-39	95	6	,	,	PUNCT
aisthesis-39	95	7	is	be	AUX
aisthesis-39	95	8	that	that	SCONJ
aisthesis-39	95	9	debt	debt	NOUN
aisthesis-39	95	10	is	be	AUX
aisthesis-39	95	11	actually	actually	ADV
aisthesis-39	95	12	positively	positively	ADV
aisthesis-39	95	13	associated	associate	VERB
aisthesis-39	95	14	with	with	ADP
aisthesis-39	95	15	growth	growth	NOUN
aisthesis-39	95	16	.	.	PUNCT
aisthesis-39	96	1	france	france	PROPN
aisthesis-39	96	2	is	be	AUX
aisthesis-39	96	3	the	the	DET
aisthesis-39	96	4	only	only	ADJ
aisthesis-39	96	5	country	country	NOUN
aisthesis-39	96	6	in	in	ADP
aisthesis-39	96	7	this	this	DET
aisthesis-39	96	8	sample	sample	NOUN
aisthesis-39	96	9	that	that	SCONJ
aisthesis-39	96	10	the	the	DET
aisthesis-39	96	11	model	model	NOUN
aisthesis-39	96	12	assigns	assign	VERB
aisthesis-39	96	13	a	a	DET
aisthesis-39	96	14	positive	positive	ADJ
aisthesis-39	96	15	debt	debt	NOUN
aisthesis-39	96	16	coefficient	coefficient	NOUN
aisthesis-39	96	17	.	.	PUNCT
aisthesis-39	97	1	this	this	PRON
aisthesis-39	97	2	is	be	AUX
aisthesis-39	97	3	certainly	certainly	ADV
aisthesis-39	97	4	unexpected	unexpected	ADJ
aisthesis-39	97	5	,	,	PUNCT
aisthesis-39	97	6	but	but	CCONJ
aisthesis-39	97	7	should	should	AUX
aisthesis-39	97	8	be	be	AUX
aisthesis-39	97	9	interpreted	interpret	VERB
aisthesis-39	97	10	as	as	ADP
aisthesis-39	97	11	minea	minea	NOUN
aisthesis-39	97	12	&	&	CCONJ
aisthesis-39	97	13	parent	parent	NOUN
aisthesis-39	97	14	(	(	PUNCT
aisthesis-39	97	15	2012	2012	NUM
aisthesis-39	97	16	)	)	PUNCT
aisthesis-39	97	17	interpreted	interpret	VERB
aisthesis-39	97	18	their	their	PRON
aisthesis-39	97	19	unexpected	unexpected	ADJ
aisthesis-39	97	20	results	result	NOUN
aisthesis-39	97	21	:	:	PUNCT
aisthesis-39	97	22	countries	country	NOUN
aisthesis-39	97	23	should	should	AUX
aisthesis-39	97	24	not	not	PART
aisthesis-39	97	25	take	take	VERB
aisthesis-39	97	26	what	what	PRON
aisthesis-39	97	27	the	the	DET
aisthesis-39	97	28	model	model	NOUN
aisthesis-39	97	29	returns	return	VERB
aisthesis-39	97	30	as	as	ADP
aisthesis-39	97	31	infallible	infallible	ADJ
aisthesis-39	97	32	,	,	PUNCT
aisthesis-39	97	33	and	and	CCONJ
aisthesis-39	97	34	therefore	therefore	ADV
aisthesis-39	97	35	france	france	PROPN
aisthesis-39	97	36	should	should	AUX
aisthesis-39	97	37	not	not	PART
aisthesis-39	97	38	run	run	VERB
aisthesis-39	97	39	profligate	profligate	ADJ
aisthesis-39	97	40	fiscal	fiscal	ADJ
aisthesis-39	97	41	policies	policy	NOUN
aisthesis-39	97	42	.	.	PUNCT
aisthesis-39	98	1	for	for	ADP
aisthesis-39	98	2	greece	greece	PROPN
aisthesis-39	98	3	,	,	PUNCT
aisthesis-39	98	4	the	the	DET
aisthesis-39	98	5	united	united	ADJ
aisthesis-39	98	6	kingdom	kingdom	PROPN
aisthesis-39	98	7	,	,	PUNCT
aisthesis-39	98	8	and	and	CCONJ
aisthesis-39	98	9	the	the	DET
aisthesis-39	98	10	united	united	PROPN
aisthesis-39	98	11	sates	sates	PROPN
aisthesis-39	98	12	,	,	PUNCT
aisthesis-39	98	13	the	the	DET
aisthesis-39	98	14	model	model	NOUN
aisthesis-39	98	15	found	find	VERB
aisthesis-39	98	16	debt	debt	NOUN
aisthesis-39	98	17	thresholds	threshold	NOUN
aisthesis-39	98	18	significant	significant	ADJ
aisthesis-39	98	19	at	at	ADP
aisthesis-39	98	20	99	99	NUM
aisthesis-39	98	21	percent	percent	NOUN
aisthesis-39	98	22	confidence	confidence	NOUN
aisthesis-39	98	23	,	,	PUNCT
aisthesis-39	98	24	but	but	CCONJ
aisthesis-39	98	25	unlike	unlike	ADP
aisthesis-39	98	26	france	france	PROPN
aisthesis-39	98	27	,	,	PUNCT
aisthesis-39	98	28	debt	debt	NOUN
aisthesis-39	98	29	was	be	AUX
aisthesis-39	98	30	negatively	negatively	ADV
aisthesis-39	98	31	associated	associate	VERB
aisthesis-39	98	32	with	with	ADP
aisthesis-39	98	33	gdp	gdp	NOUN
aisthesis-39	98	34	growth	growth	NOUN
aisthesis-39	98	35	.	.	PUNCT
aisthesis-39	99	1	the	the	DET
aisthesis-39	99	2	highest	high	ADJ
aisthesis-39	99	3	thresholds	threshold	NOUN
aisthesis-39	99	4	for	for	ADP
aisthesis-39	99	5	the	the	DET
aisthesis-39	99	6	three	three	NUM
aisthesis-39	99	7	countries	country	NOUN
aisthesis-39	99	8	were	be	AUX
aisthesis-39	99	9	103	103	NUM
aisthesis-39	99	10	,	,	PUNCT
aisthesis-39	99	11	156	156	NUM
aisthesis-39	99	12	,	,	PUNCT
aisthesis-39	99	13	and	and	CCONJ
aisthesis-39	99	14	63	63	NUM
aisthesis-39	99	15	percent	percent	NOUN
aisthesis-39	99	16	for	for	ADP
aisthesis-39	99	17	greece	greece	PROPN
aisthesis-39	99	18	,	,	PUNCT
aisthesis-39	99	19	the	the	DET
aisthesis-39	99	20	u.k	u.k	PROPN
aisthesis-39	99	21	.	.	PROPN
aisthesis-39	99	22	,	,	PUNCT
aisthesis-39	99	23	and	and	CCONJ
aisthesis-39	99	24	the	the	DET
aisthesis-39	99	25	u.s	u.s	PROPN
aisthesis-39	99	26	.	.	PROPN
aisthesis-39	99	27	,	,	PUNCT
aisthesis-39	99	28	respectively	respectively	ADV
aisthesis-39	99	29	(	(	PUNCT
aisthesis-39	99	30	figure	figure	NOUN
aisthesis-39	99	31	2.1	2.1	NUM
aisthesis-39	99	32	,	,	PUNCT
aisthesis-39	99	33	4.1	4.1	NUM
aisthesis-39	99	34	,	,	PUNCT
aisthesis-39	99	35	and	and	CCONJ
aisthesis-39	99	36	5.1	5.1	NUM
aisthesis-39	99	37	)	)	PUNCT
aisthesis-39	99	38	.	.	PUNCT
aisthesis-39	100	1	the	the	DET
aisthesis-39	100	2	model	model	NOUN
aisthesis-39	100	3	returned	return	VERB
aisthesis-39	100	4	three	three	NUM
aisthesis-39	100	5	threshold	threshold	NOUN
aisthesis-39	100	6	levels	level	NOUN
aisthesis-39	100	7	for	for	ADP
aisthesis-39	100	8	each	each	DET
aisthesis-39	100	9	country	country	NOUN
aisthesis-39	100	10	,	,	PUNCT
aisthesis-39	100	11	and	and	CCONJ
aisthesis-39	100	12	for	for	ADP
aisthesis-39	100	13	greece	greece	PROPN
aisthesis-39	100	14	and	and	CCONJ
aisthesis-39	100	15	the	the	DET
aisthesis-39	100	16	united	united	PROPN
aisthesis-39	100	17	states	states	PROPN
aisthesis-39	100	18	,	,	PUNCT
aisthesis-39	100	19	the	the	DET
aisthesis-39	100	20	second	second	ADJ
aisthesis-39	100	21	threshold	threshold	NOUN
aisthesis-39	100	22	level	level	NOUN
aisthesis-39	100	23	was	be	AUX
aisthesis-39	100	24	also	also	ADV
aisthesis-39	100	25	statistically	statistically	ADV
aisthesis-39	100	26	significant	significant	ADJ
aisthesis-39	100	27	,	,	PUNCT
aisthesis-39	100	28	but	but	CCONJ
aisthesis-39	100	29	only	only	ADV
aisthesis-39	100	30	greece	greece	PROPN
aisthesis-39	100	31	’s	’s	PART
aisthesis-39	100	32	second	second	ADJ
aisthesis-39	100	33	threshold	threshold	NOUN
aisthesis-39	100	34	was	be	AUX
aisthesis-39	100	35	negatively	negatively	ADV
aisthesis-39	100	36	associated	associate	VERB
aisthesis-39	100	37	with	with	ADP
aisthesis-39	100	38	gdp	gdp	NOUN
aisthesis-39	100	39	growth	growth	NOUN
aisthesis-39	100	40	;	;	PUNCT
aisthesis-39	100	41	this	this	PRON
aisthesis-39	100	42	means	mean	VERB
aisthesis-39	100	43	that	that	SCONJ
aisthesis-39	100	44	debt	debt	NOUN
aisthesis-39	100	45	becomes	becomes	AUX
aisthesis-39	100	46	negatively	negatively	ADV
aisthesis-39	100	47	associated	associate	VERB
aisthesis-39	100	48	with	with	ADP
aisthesis-39	100	49	gdp	gdp	NOUN
aisthesis-39	100	50	growth	growth	NOUN
aisthesis-39	100	51	for	for	ADP
aisthesis-39	100	52	greece	greece	PROPN
aisthesis-39	100	53	at	at	ADP
aisthesis-39	100	54	a	a	DET
aisthesis-39	100	55	threshold	threshold	NOUN
aisthesis-39	100	56	of	of	ADP
aisthesis-39	100	57	65	65	NUM
aisthesis-39	100	58	percent	percent	NOUN
aisthesis-39	100	59	.	.	PUNCT
aisthesis-39	101	1	additionally	additionally	ADV
aisthesis-39	101	2	,	,	PUNCT
aisthesis-39	101	3	italy	italy	PROPN
aisthesis-39	101	4	’s	’s	PART
aisthesis-39	101	5	debt	debt	NOUN
aisthesis-39	101	6	-	-	PUNCT
aisthesis-39	101	7	to	to	ADP
aisthesis-39	101	8	-	-	PUNCT
aisthesis-39	101	9	gdp	gdp	NOUN
aisthesis-39	101	10	threshold	threshold	NOUN
aisthesis-39	101	11	was	be	AUX
aisthesis-39	101	12	established	establish	VERB
aisthesis-39	101	13	at	at	ADP
aisthesis-39	101	14	47	47	NUM
aisthesis-39	101	15	percent	percent	NOUN
aisthesis-39	101	16	at	at	ADP
aisthesis-39	101	17	90	90	NUM
aisthesis-39	101	18	percent	percent	NOUN
aisthesis-39	101	19	confidence	confidence	NOUN
aisthesis-39	101	20	(	(	PUNCT
aisthesis-39	101	21	figure	figure	NOUN
aisthesis-39	101	22	3.1	3.1	NUM
aisthesis-39	101	23	)	)	PUNCT
aisthesis-39	101	24	.	.	PUNCT
aisthesis-39	102	1	these	these	DET
aisthesis-39	102	2	results	result	NOUN
aisthesis-39	102	3	closely	closely	ADV
aisthesis-39	102	4	mirror	mirror	VERB
aisthesis-39	102	5	the	the	DET
aisthesis-39	102	6	hypothesis	hypothesis	NOUN
aisthesis-39	102	7	of	of	ADP
aisthesis-39	102	8	chudik	chudik	PROPN
aisthesis-39	102	9	et	et	PROPN
aisthesis-39	102	10	al	al	PROPN
aisthesis-39	102	11	.	.	PUNCT
aisthesis-39	102	12	reviewing	review	VERB
aisthesis-39	102	13	the	the	DET
aisthesis-39	102	14	graphs	graph	NOUN
aisthesis-39	102	15	of	of	ADP
aisthesis-39	102	16	debt	debt	NOUN
aisthesis-39	102	17	for	for	ADP
aisthesis-39	102	18	all	all	DET
aisthesis-39	102	19	five	five	NUM
aisthesis-39	102	20	countries	country	NOUN
aisthesis-39	102	21	,	,	PUNCT
aisthesis-39	102	22	their	their	PRON
aisthesis-39	102	23	debt	debt	NOUN
aisthesis-39	102	24	levels	level	NOUN
aisthesis-39	102	25	consistently	consistently	ADV
aisthesis-39	102	26	and	and	CCONJ
aisthesis-39	102	27	steadily	steadily	ADV
aisthesis-39	102	28	increase	increase	VERB
aisthesis-39	102	29	for	for	ADP
aisthesis-39	102	30	at	at	ADV
aisthesis-39	102	31	least	least	ADJ
aisthesis-39	102	32	several	several	ADJ
aisthesis-39	102	33	decades	decade	NOUN
aisthesis-39	102	34	prior	prior	ADV
aisthesis-39	102	35	to	to	ADP
aisthesis-39	102	36	2010	2010	NUM
aisthesis-39	102	37	,	,	PUNCT
aisthesis-39	102	38	with	with	ADP
aisthesis-39	102	39	the	the	DET
aisthesis-39	102	40	united	united	PROPN
aisthesis-39	102	41	kingdom	kingdom	PROPN
aisthesis-39	102	42	being	be	AUX
aisthesis-39	102	43	the	the	DET
aisthesis-39	102	44	only	only	ADJ
aisthesis-39	102	45	exception	exception	NOUN
aisthesis-39	102	46	(	(	PUNCT
aisthesis-39	102	47	figure	figure	NOUN
aisthesis-39	102	48	1.2	1.2	NUM
aisthesis-39	102	49	,	,	PUNCT
aisthesis-39	102	50	1.3	1.3	NUM
aisthesis-39	102	51	,	,	PUNCT
aisthesis-39	102	52	2.2	2.2	NUM
aisthesis-39	102	53	,	,	PUNCT
aisthesis-39	102	54	2.3	2.3	NUM
aisthesis-39	102	55	,	,	PUNCT
aisthesis-39	102	56	3.2	3.2	NUM
aisthesis-39	102	57	,	,	PUNCT
aisthesis-39	102	58	3.3	3.3	NUM
aisthesis-39	102	59	,	,	PUNCT
aisthesis-39	102	60	5.2	5.2	NUM
aisthesis-39	102	61	and	and	CCONJ
aisthesis-39	102	62	5.3	5.3	NUM
aisthesis-39	102	63	)	)	PUNCT
aisthesis-39	102	64	.	.	PUNCT
aisthesis-39	103	1	that	that	PRON
aisthesis-39	103	2	said	say	VERB
aisthesis-39	103	3	,	,	PUNCT
aisthesis-39	103	4	the	the	DET
aisthesis-39	103	5	united	united	PROPN
aisthesis-39	103	6	kingdom	kingdom	PROPN
aisthesis-39	103	7	’s	’s	PART
aisthesis-39	103	8	debt	debt	NOUN
aisthesis-39	103	9	does	do	AUX
aisthesis-39	103	10	increase	increase	VERB
aisthesis-39	103	11	steadily	steadily	ADV
aisthesis-39	103	12	all	all	ADV
aisthesis-39	103	13	throughout	throughout	ADP
aisthesis-39	103	14	the	the	DET
aisthesis-39	103	15	previous	previous	ADJ
aisthesis-39	103	16	decade	decade	NOUN
aisthesis-39	103	17	,	,	PUNCT
aisthesis-39	103	18	with	with	ADP
aisthesis-39	103	19	a	a	DET
aisthesis-39	103	20	dramatic	dramatic	ADJ
aisthesis-39	103	21	spike	spike	NOUN
aisthesis-39	103	22	occurring	occur	VERB
aisthesis-39	103	23	in	in	ADP
aisthesis-39	103	24	2008	2008	NUM
aisthesis-39	103	25	(	(	PUNCT
aisthesis-39	103	26	figure	figure	VERB
aisthesis-39	103	27	4.2	4.2	NUM
aisthesis-39	103	28	and	and	CCONJ
aisthesis-39	103	29	4.3	4.3	NUM
aisthesis-39	103	30	)	)	PUNCT
aisthesis-39	103	31	.	.	PUNCT
aisthesis-39	104	1	these	these	DET
aisthesis-39	104	2	results	result	NOUN
aisthesis-39	104	3	give	give	VERB
aisthesis-39	104	4	strong	strong	ADJ
aisthesis-39	104	5	credence	credence	NOUN
aisthesis-39	104	6	to	to	ADP
aisthesis-39	104	7	the	the	DET
aisthesis-39	104	8	hypothesis	hypothesis	NOUN
aisthesis-39	104	9	advanced	advance	VERB
aisthesis-39	104	10	by	by	ADP
aisthesis-39	104	11	chudik	chudik	PROPN
aisthesis-39	104	12	et	et	PROPN
aisthesis-39	104	13	al	al	PROPN
aisthesis-39	104	14	.	.	PROPN
aisthesis-39	105	1	(	(	PUNCT
aisthesis-39	105	2	2015	2015	NUM
aisthesis-39	105	3	)	)	PUNCT
aisthesis-39	105	4	that	that	SCONJ
aisthesis-39	105	5	debt	debt	NOUN
aisthesis-39	105	6	trajectory	trajectory	NOUN
aisthesis-39	105	7	matters	matter	NOUN
aisthesis-39	105	8	in	in	ADP
aisthesis-39	105	9	establishing	establish	VERB
aisthesis-39	105	10	a	a	DET
aisthesis-39	105	11	statistically	statistically	ADV
aisthesis-39	105	12	significant	significant	ADJ
aisthesis-39	105	13	debt	debt	NOUN
aisthesis-39	105	14	threshold	threshold	NOUN
aisthesis-39	105	15	.	.	PUNCT
aisthesis-39	106	1	figure	figure	VERB
aisthesis-39	106	2	5.1	5.1	NUM
aisthesis-39	106	3	.	.	PUNCT
aisthesis-39	107	1	united	united	PROPN
aisthesis-39	107	2	states	states	PROPN
aisthesis-39	107	3	.	.	PUNCT
aisthesis-39	108	1	figure	figure	VERB
aisthesis-39	108	2	5.2	5.2	NUM
aisthesis-39	108	3	.	.	PUNCT
aisthesis-39	109	1	debt	debt	NOUN
aisthesis-39	109	2	/	/	SYM
aisthesis-39	109	3	gdp	gdp	NOUN
aisthesis-39	109	4	of	of	ADP
aisthesis-39	109	5	the	the	DET
aisthesis-39	109	6	united	united	PROPN
aisthesis-39	109	7	states	states	PROPN
aisthesis-39	109	8	,	,	PUNCT
aisthesis-39	109	9	1980	1980	NUM
aisthesis-39	109	10	-	-	SYM
aisthesis-39	109	11	2010	2010	NUM
aisthesis-39	109	12	.	.	PUNCT
aisthesis-39	110	1	figure	figure	VERB
aisthesis-39	110	2	5.3	5.3	NUM
aisthesis-39	110	3	.	.	PUNCT
aisthesis-39	111	1	debt	debt	NOUN
aisthesis-39	111	2	/	/	SYM
aisthesis-39	111	3	gdp	gdp	NOUN
aisthesis-39	111	4	of	of	ADP
aisthesis-39	111	5	the	the	DET
aisthesis-39	111	6	united	united	PROPN
aisthesis-39	111	7	states	states	PROPN
aisthesis-39	111	8	,	,	PUNCT
aisthesis-39	111	9	1861	1861	NUM
aisthesis-39	111	10	-	-	SYM
aisthesis-39	111	11	2005	2005	NUM
aisthesis-39	111	12	.	.	PUNCT
aisthesis-39	112	1	the	the	DET
aisthesis-39	112	2	debt	debt	NOUN
aisthesis-39	112	3	-	-	PUNCT
aisthesis-39	112	4	to	to	ADP
aisthesis-39	112	5	-	-	PUNCT
aisthesis-39	112	6	gdp	gdp	NOUN
aisthesis-39	112	7	threshold	threshold	NOUN
aisthesis-39	112	8	effect	effect	NOUN
aisthesis-39	112	9	on	on	ADP
aisthesis-39	112	10	output	output	NOUN
aisthesis-39	112	11	:	:	PUNCT
aisthesis-39	112	12	a	a	DET
aisthesis-39	112	13	country	country	NOUN
aisthesis-39	112	14	-	-	PUNCT
aisthesis-39	112	15	specific	specific	ADJ
aisthesis-39	112	16	analysis	analysis	NOUN
aisthesis-39	112	17	aisthesis	aisthesis	NOUN
aisthesis-39	112	18	volume	volume	NOUN
aisthesis-39	112	19	8	8	NUM
aisthesis-39	112	20	,	,	PUNCT
aisthesis-39	112	21	2017	2017	NUM
aisthesis-39	112	22	results	result	NOUN
aisthesis-39	112	23	b	b	PROPN
aisthesis-39	112	24	australia	australia	PROPN
aisthesis-39	112	25	canada	canada	PROPN
aisthesis-39	112	26	chile	chile	PROPN
aisthesis-39	112	27	32	32	NUM
aisthesis-39	112	28	figure	figure	NOUN
aisthesis-39	112	29	6.1	6.1	NUM
aisthesis-39	112	30	.	.	PUNCT
aisthesis-39	113	1	debt	debt	NOUN
aisthesis-39	113	2	/	/	SYM
aisthesis-39	113	3	gdp	gdp	NOUN
aisthesis-39	113	4	of	of	ADP
aisthesis-39	113	5	australia	australia	PROPN
aisthesis-39	113	6	,	,	PUNCT
aisthesis-39	113	7	1980	1980	NUM
aisthesis-39	113	8	-	-	SYM
aisthesis-39	113	9	2010	2010	NUM
aisthesis-39	113	10	.	.	PUNCT
aisthesis-39	114	1	figure	figure	VERB
aisthesis-39	114	2	6.2	6.2	NUM
aisthesis-39	114	3	.	.	PUNCT
aisthesis-39	115	1	debt	debt	NOUN
aisthesis-39	115	2	/	/	SYM
aisthesis-39	115	3	gdp	gdp	NOUN
aisthesis-39	115	4	of	of	ADP
aisthesis-39	115	5	australia	australia	PROPN
aisthesis-39	115	6	,	,	PUNCT
aisthesis-39	115	7	1861	1861	NUM
aisthesis-39	115	8	-	-	SYM
aisthesis-39	115	9	2008	2008	NUM
aisthesis-39	115	10	.	.	PUNCT
aisthesis-39	116	1	figure	figure	VERB
aisthesis-39	116	2	7.1	7.1	NUM
aisthesis-39	116	3	.	.	PUNCT
aisthesis-39	117	1	debt	debt	NOUN
aisthesis-39	117	2	/	/	SYM
aisthesis-39	117	3	gdp	gdp	NOUN
aisthesis-39	117	4	of	of	ADP
aisthesis-39	117	5	canada	canada	PROPN
aisthesis-39	117	6	,	,	PUNCT
aisthesis-39	117	7	1980	1980	NUM
aisthesis-39	117	8	-	-	SYM
aisthesis-39	117	9	2008	2008	NUM
aisthesis-39	117	10	.	.	PUNCT
aisthesis-39	118	1	figure	figure	VERB
aisthesis-39	118	2	7.2	7.2	NUM
aisthesis-39	118	3	.	.	PUNCT
aisthesis-39	119	1	debt	debt	NOUN
aisthesis-39	119	2	/	/	SYM
aisthesis-39	119	3	gdp	gdp	NOUN
aisthesis-39	119	4	of	of	ADP
aisthesis-39	119	5	canada	canada	PROPN
aisthesis-39	119	6	,	,	PUNCT
aisthesis-39	119	7	1867	1867	NUM
aisthesis-39	119	8	-	-	SYM
aisthesis-39	119	9	2007	2007	NUM
aisthesis-39	119	10	.	.	PUNCT
aisthesis-39	120	1	figure	figure	NOUN
aisthesis-39	120	2	8.1	8.1	NUM
aisthesis-39	120	3	.	.	PUNCT
aisthesis-39	121	1	debt	debt	NOUN
aisthesis-39	121	2	/	/	SYM
aisthesis-39	121	3	gdp	gdp	NOUN
aisthesis-39	121	4	of	of	ADP
aisthesis-39	121	5	chile	chile	PROPN
aisthesis-39	121	6	,	,	PUNCT
aisthesis-39	121	7	1980	1980	NUM
aisthesis-39	121	8	-	-	SYM
aisthesis-39	121	9	2010	2010	NUM
aisthesis-39	121	10	.	.	PUNCT
aisthesis-39	122	1	figure	figure	VERB
aisthesis-39	122	2	8.2	8.2	NUM
aisthesis-39	122	3	.	.	PUNCT
aisthesis-39	123	1	debt	debt	NOUN
aisthesis-39	123	2	/	/	SYM
aisthesis-39	123	3	gdp	gdp	NOUN
aisthesis-39	123	4	of	of	ADP
aisthesis-39	123	5	chile	chile	PROPN
aisthesis-39	123	6	,	,	PUNCT
aisthesis-39	123	7	1861	1861	NUM
aisthesis-39	123	8	-	-	SYM
aisthesis-39	123	9	2008	2008	NUM
aisthesis-39	123	10	.	.	PUNCT
aisthesis-39	124	1	germany	germany	PROPN
aisthesis-39	124	2	figure	figure	NOUN
aisthesis-39	124	3	9.1	9.1	NUM
aisthesis-39	124	4	.	.	PUNCT
aisthesis-39	125	1	debt	debt	NOUN
aisthesis-39	125	2	/	/	SYM
aisthesis-39	125	3	gdp	gdp	NOUN
aisthesis-39	125	4	of	of	ADP
aisthesis-39	125	5	germany	germany	PROPN
aisthesis-39	125	6	,	,	PUNCT
aisthesis-39	125	7	1980	1980	NUM
aisthesis-39	125	8	-	-	SYM
aisthesis-39	125	9	2010	2010	NUM
aisthesis-39	125	10	.	.	PUNCT
aisthesis-39	126	1	figure	figure	NOUN
aisthesis-39	126	2	9.2	9.2	NUM
aisthesis-39	126	3	.	.	PUNCT
aisthesis-39	127	1	debt	debt	NOUN
aisthesis-39	127	2	/	/	SYM
aisthesis-39	127	3	gdp	gdp	NOUN
aisthesis-39	127	4	of	of	ADP
aisthesis-39	127	5	germany	germany	PROPN
aisthesis-39	127	6	,	,	PUNCT
aisthesis-39	127	7	1880	1880	NUM
aisthesis-39	127	8	-	-	SYM
aisthesis-39	127	9	2006	2006	NUM
aisthesis-39	127	10	.	.	PUNCT
aisthesis-39	128	1	the	the	DET
aisthesis-39	128	2	debt	debt	NOUN
aisthesis-39	128	3	-	-	PUNCT
aisthesis-39	128	4	to	to	ADP
aisthesis-39	128	5	-	-	PUNCT
aisthesis-39	128	6	gdp	gdp	NOUN
aisthesis-39	128	7	threshold	threshold	NOUN
aisthesis-39	128	8	effect	effect	NOUN
aisthesis-39	128	9	on	on	ADP
aisthesis-39	128	10	output	output	NOUN
aisthesis-39	128	11	:	:	PUNCT
aisthesis-39	128	12	a	a	DET
aisthesis-39	128	13	country	country	NOUN
aisthesis-39	128	14	-	-	PUNCT
aisthesis-39	128	15	specific	specific	ADJ
aisthesis-39	128	16	analysis	analysis	NOUN
aisthesis-39	128	17	aisthesis	aisthesis	NOUN
aisthesis-39	128	18	volume	volume	NOUN
aisthesis-39	128	19	8	8	NUM
aisthesis-39	128	20	,	,	PUNCT
aisthesis-39	128	21	2017	2017	NUM
aisthesis-39	128	22	new	new	ADJ
aisthesis-39	128	23	zealand	zealand	PROPN
aisthesis-39	128	24	discussion	discussion	NOUN
aisthesis-39	128	25	of	of	ADP
aisthesis-39	128	26	results	result	NOUN
aisthesis-39	128	27	b	b	NOUN
aisthesis-39	128	28	because	because	SCONJ
aisthesis-39	128	29	no	no	DET
aisthesis-39	128	30	statistically	statistically	ADV
aisthesis-39	128	31	significant	significant	ADJ
aisthesis-39	128	32	debt	debt	NOUN
aisthesis-39	128	33	thresholds	threshold	NOUN
aisthesis-39	128	34	were	be	AUX
aisthesis-39	128	35	found	find	VERB
aisthesis-39	128	36	for	for	ADP
aisthesis-39	128	37	these	these	DET
aisthesis-39	128	38	countries	country	NOUN
aisthesis-39	128	39	,	,	PUNCT
aisthesis-39	128	40	their	their	PRON
aisthesis-39	128	41	regression	regression	NOUN
aisthesis-39	128	42	results	result	NOUN
aisthesis-39	128	43	were	be	AUX
aisthesis-39	128	44	not	not	PART
aisthesis-39	128	45	included	include	VERB
aisthesis-39	128	46	.	.	PUNCT
aisthesis-39	129	1	however	however	ADV
aisthesis-39	129	2	,	,	PUNCT
aisthesis-39	129	3	the	the	DET
aisthesis-39	129	4	graphs	graph	NOUN
aisthesis-39	129	5	that	that	PRON
aisthesis-39	129	6	track	track	VERB
aisthesis-39	129	7	debt	debt	NOUN
aisthesis-39	129	8	levels	level	NOUN
aisthesis-39	129	9	are	be	AUX
aisthesis-39	129	10	pertinent	pertinent	ADJ
aisthesis-39	129	11	to	to	ADP
aisthesis-39	129	12	addressing	address	VERB
aisthesis-39	129	13	chudik	chudik	NOUN
aisthesis-39	129	14	et	et	PROPN
aisthesis-39	129	15	al	al	PROPN
aisthesis-39	129	16	.	.	PROPN
aisthesis-39	129	17	’s	’s	PART
aisthesis-39	129	18	(	(	PUNCT
aisthesis-39	129	19	2015	2015	NUM
aisthesis-39	129	20	)	)	PUNCT
aisthesis-39	129	21	findings	finding	NOUN
aisthesis-39	129	22	and	and	CCONJ
aisthesis-39	129	23	therefore	therefore	ADV
aisthesis-39	129	24	were	be	AUX
aisthesis-39	129	25	included	include	VERB
aisthesis-39	129	26	.	.	PUNCT
aisthesis-39	130	1	australia	australia	PROPN
aisthesis-39	130	2	,	,	PUNCT
aisthesis-39	130	3	canada	canada	PROPN
aisthesis-39	130	4	,	,	PUNCT
aisthesis-39	130	5	chile	chile	PROPN
aisthesis-39	130	6	and	and	CCONJ
aisthesis-39	130	7	new	new	PROPN
aisthesis-39	130	8	zealand	zealand	PROPN
aisthesis-39	130	9	all	all	PRON
aisthesis-39	130	10	have	have	VERB
aisthesis-39	130	11	either	either	CCONJ
aisthesis-39	130	12	falling	fall	VERB
aisthesis-39	130	13	levels	level	NOUN
aisthesis-39	130	14	of	of	ADP
aisthesis-39	130	15	debt	debt	NOUN
aisthesis-39	130	16	or	or	CCONJ
aisthesis-39	130	17	have	have	AUX
aisthesis-39	130	18	maintained	maintain	VERB
aisthesis-39	130	19	low	low	ADJ
aisthesis-39	130	20	levels	level	NOUN
aisthesis-39	130	21	of	of	ADP
aisthesis-39	130	22	debt	debt	NOUN
aisthesis-39	130	23	for	for	ADP
aisthesis-39	130	24	the	the	DET
aisthesis-39	130	25	past	past	ADJ
aisthesis-39	130	26	century	century	NOUN
aisthesis-39	130	27	and	and	CCONJ
aisthesis-39	130	28	a	a	DET
aisthesis-39	130	29	half	half	NOUN
aisthesis-39	130	30	(	(	PUNCT
aisthesis-39	130	31	figure	figure	NOUN
aisthesis-39	130	32	6.1	6.1	NUM
aisthesis-39	130	33	,	,	PUNCT
aisthesis-39	130	34	6.2	6.2	NUM
aisthesis-39	130	35	,	,	PUNCT
aisthesis-39	130	36	7.1	7.1	NUM
aisthesis-39	130	37	,	,	PUNCT
aisthesis-39	130	38	7.2	7.2	NUM
aisthesis-39	130	39	,	,	PUNCT
aisthesis-39	130	40	8.1	8.1	NUM
aisthesis-39	130	41	,	,	PUNCT
aisthesis-39	130	42	8.2	8.2	NUM
aisthesis-39	130	43	,	,	PUNCT
aisthesis-39	130	44	10.1	10.1	NUM
aisthesis-39	130	45	,	,	PUNCT
aisthesis-39	130	46	and	and	CCONJ
aisthesis-39	130	47	10.2	10.2	NUM
aisthesis-39	130	48	)	)	PUNCT
aisthesis-39	130	49	.	.	PUNCT
aisthesis-39	131	1	the	the	DET
aisthesis-39	131	2	only	only	ADJ
aisthesis-39	131	3	exception	exception	NOUN
aisthesis-39	131	4	is	be	AUX
aisthesis-39	131	5	germany	germany	PROPN
aisthesis-39	131	6	,	,	PUNCT
aisthesis-39	131	7	as	as	SCONJ
aisthesis-39	131	8	debt	debt	NOUN
aisthesis-39	131	9	levels	level	NOUN
aisthesis-39	131	10	for	for	ADP
aisthesis-39	131	11	germany	germany	PROPN
aisthesis-39	131	12	are	be	AUX
aisthesis-39	131	13	steadily	steadily	ADV
aisthesis-39	131	14	increasing	increase	VERB
aisthesis-39	131	15	over	over	ADP
aisthesis-39	131	16	time	time	NOUN
aisthesis-39	131	17	(	(	PUNCT
aisthesis-39	131	18	figure	figure	NOUN
aisthesis-39	131	19	9.1	9.1	NUM
aisthesis-39	131	20	and	and	CCONJ
aisthesis-39	131	21	9.2	9.2	NUM
aisthesis-39	131	22	)	)	PUNCT
aisthesis-39	131	23	.	.	PUNCT
aisthesis-39	132	1	there	there	PRON
aisthesis-39	132	2	are	be	VERB
aisthesis-39	132	3	several	several	ADJ
aisthesis-39	132	4	reasons	reason	NOUN
aisthesis-39	132	5	why	why	SCONJ
aisthesis-39	132	6	this	this	PRON
aisthesis-39	132	7	could	could	AUX
aisthesis-39	132	8	be	be	AUX
aisthesis-39	132	9	:	:	PUNCT
aisthesis-39	132	10	first	first	ADV
aisthesis-39	132	11	,	,	PUNCT
aisthesis-39	132	12	the	the	DET
aisthesis-39	132	13	data	datum	NOUN
aisthesis-39	132	14	on	on	ADP
aisthesis-39	132	15	germany	germany	PROPN
aisthesis-39	132	16	’s	’s	PART
aisthesis-39	132	17	public	public	ADJ
aisthesis-39	132	18	debt	debt	NOUN
aisthesis-39	132	19	levels	level	NOUN
aisthesis-39	132	20	is	be	AUX
aisthesis-39	132	21	very	very	ADV
aisthesis-39	132	22	sparse	sparse	ADJ
aisthesis-39	132	23	,	,	PUNCT
aisthesis-39	132	24	and	and	CCONJ
aisthesis-39	132	25	there	there	PRON
aisthesis-39	132	26	are	be	VERB
aisthesis-39	132	27	several	several	ADJ
aisthesis-39	132	28	large	large	ADJ
aisthesis-39	132	29	gaps	gap	NOUN
aisthesis-39	132	30	within	within	ADP
aisthesis-39	132	31	the	the	DET
aisthesis-39	132	32	last	last	ADJ
aisthesis-39	132	33	one	one	NUM
aisthesis-39	132	34	hundred	hundred	NUM
aisthesis-39	132	35	and	and	CCONJ
aisthesis-39	132	36	fifty	fifty	NUM
aisthesis-39	132	37	years	year	NOUN
aisthesis-39	132	38	where	where	SCONJ
aisthesis-39	132	39	no	no	DET
aisthesis-39	132	40	debt	debt	NOUN
aisthesis-39	132	41	-	-	PUNCT
aisthesis-39	132	42	to	to	ADP
aisthesis-39	132	43	-	-	PUNCT
aisthesis-39	132	44	gdp	gdp	NOUN
aisthesis-39	132	45	ratio	ratio	NOUN
aisthesis-39	132	46	is	be	AUX
aisthesis-39	132	47	given	give	VERB
aisthesis-39	132	48	.	.	PUNCT
aisthesis-39	133	1	the	the	DET
aisthesis-39	133	2	model	model	NOUN
aisthesis-39	133	3	probably	probably	ADV
aisthesis-39	133	4	did	do	AUX
aisthesis-39	133	5	not	not	PART
aisthesis-39	133	6	have	have	VERB
aisthesis-39	133	7	enough	enough	ADJ
aisthesis-39	133	8	observations	observation	NOUN
aisthesis-39	133	9	to	to	PART
aisthesis-39	133	10	establish	establish	VERB
aisthesis-39	133	11	a	a	DET
aisthesis-39	133	12	significant	significant	ADJ
aisthesis-39	133	13	threshold	threshold	NOUN
aisthesis-39	133	14	.	.	PUNCT
aisthesis-39	134	1	second	second	ADJ
aisthesis-39	134	2	,	,	PUNCT
aisthesis-39	134	3	while	while	SCONJ
aisthesis-39	134	4	germany	germany	PROPN
aisthesis-39	134	5	’s	’s	PART
aisthesis-39	134	6	debt	debt	NOUN
aisthesis-39	134	7	level	level	NOUN
aisthesis-39	134	8	is	be	AUX
aisthesis-39	134	9	increasing	increase	VERB
aisthesis-39	134	10	,	,	PUNCT
aisthesis-39	134	11	it	it	PRON
aisthesis-39	134	12	is	be	AUX
aisthesis-39	134	13	still	still	ADV
aisthesis-39	134	14	relatively	relatively	ADV
aisthesis-39	134	15	low	low	ADJ
aisthesis-39	134	16	compared	compare	VERB
aisthesis-39	134	17	to	to	ADP
aisthesis-39	134	18	the	the	DET
aisthesis-39	134	19	other	other	ADJ
aisthesis-39	134	20	countries	country	NOUN
aisthesis-39	134	21	in	in	ADP
aisthesis-39	134	22	this	this	DET
aisthesis-39	134	23	sample	sample	NOUN
aisthesis-39	134	24	.	.	PUNCT
aisthesis-39	135	1	indeed	indeed	ADV
aisthesis-39	135	2	,	,	PUNCT
aisthesis-39	135	3	countries	country	NOUN
aisthesis-39	135	4	in	in	ADP
aisthesis-39	135	5	section	section	NOUN
aisthesis-39	135	6	a	a	PRON
aisthesis-39	135	7	had	have	VERB
aisthesis-39	135	8	to	to	PART
aisthesis-39	135	9	reach	reach	VERB
aisthesis-39	135	10	a	a	DET
aisthesis-39	135	11	debt	debt	NOUN
aisthesis-39	135	12	-	-	PUNCT
aisthesis-39	135	13	to	to	ADP
aisthesis-39	135	14	-	-	PUNCT
aisthesis-39	135	15	gdp	gdp	NOUN
aisthesis-39	135	16	ratio	ratio	NOUN
aisthesis-39	135	17	of	of	ADP
aisthesis-39	135	18	at	at	ADV
aisthesis-39	135	19	least	least	ADV
aisthesis-39	135	20	60	60	NUM
aisthesis-39	135	21	percent	percent	NOUN
aisthesis-39	135	22	before	before	SCONJ
aisthesis-39	135	23	a	a	DET
aisthesis-39	135	24	significant	significant	ADJ
aisthesis-39	135	25	threshold	threshold	NOUN
aisthesis-39	135	26	was	be	AUX
aisthesis-39	135	27	determined	determine	VERB
aisthesis-39	135	28	,	,	PUNCT
aisthesis-39	135	29	and	and	CCONJ
aisthesis-39	135	30	germany	germany	PROPN
aisthesis-39	135	31	has	have	VERB
aisthesis-39	135	32	yet	yet	ADV
aisthesis-39	135	33	to	to	PART
aisthesis-39	135	34	reach	reach	VERB
aisthesis-39	135	35	a	a	DET
aisthesis-39	135	36	50	50	NUM
aisthesis-39	135	37	percent	percent	NOUN
aisthesis-39	135	38	debt	debt	NOUN
aisthesis-39	135	39	-	-	PUNCT
aisthesis-39	135	40	to	to	ADP
aisthesis-39	135	41	-	-	PUNCT
aisthesis-39	135	42	gdp	gdp	NOUN
aisthesis-39	135	43	threshold	threshold	NOUN
aisthesis-39	135	44	.	.	PUNCT
aisthesis-39	136	1	in	in	ADP
aisthesis-39	136	2	contrast	contrast	NOUN
aisthesis-39	136	3	to	to	ADP
aisthesis-39	136	4	the	the	DET
aisthesis-39	136	5	countries	country	NOUN
aisthesis-39	136	6	in	in	ADP
aisthesis-39	136	7	section	section	PROPN
aisthesis-39	136	8	a	a	PRON
aisthesis-39	136	9	,	,	PUNCT
aisthesis-39	136	10	the	the	DET
aisthesis-39	136	11	countries	country	NOUN
aisthesis-39	136	12	in	in	ADP
aisthesis-39	136	13	section	section	PROPN
aisthesis-39	136	14	b	b	PROPN
aisthesis-39	136	15	did	do	AUX
aisthesis-39	136	16	not	not	PART
aisthesis-39	136	17	have	have	VERB
aisthesis-39	136	18	statistically	statistically	ADV
aisthesis-39	136	19	significant	significant	ADJ
aisthesis-39	136	20	debt	debt	NOUN
aisthesis-39	136	21	thresholds	threshold	NOUN
aisthesis-39	136	22	.	.	PUNCT
aisthesis-39	137	1	however	however	ADV
aisthesis-39	137	2	,	,	PUNCT
aisthesis-39	137	3	these	these	DET
aisthesis-39	137	4	results	result	NOUN
aisthesis-39	137	5	still	still	ADV
aisthesis-39	137	6	strongly	strongly	ADV
aisthesis-39	137	7	support	support	VERB
aisthesis-39	137	8	the	the	DET
aisthesis-39	137	9	findings	finding	NOUN
aisthesis-39	137	10	of	of	ADP
aisthesis-39	137	11	chudik	chudik	PROPN
aisthesis-39	137	12	et	et	PROPN
aisthesis-39	137	13	al	al	PROPN
aisthesis-39	137	14	.	.	PROPN
aisthesis-39	137	15	indeed	indeed	ADV
aisthesis-39	137	16	,	,	PUNCT
aisthesis-39	137	17	according	accord	VERB
aisthesis-39	137	18	to	to	ADP
aisthesis-39	137	19	chudik	chudik	PROPN
aisthesis-39	137	20	et	et	PROPN
aisthesis-39	137	21	al	al	PROPN
aisthesis-39	137	22	.	.	PROPN
aisthesis-39	138	1	(	(	PUNCT
aisthesis-39	138	2	2015	2015	NUM
aisthesis-39	138	3	)	)	PUNCT
aisthesis-39	138	4	,	,	PUNCT
aisthesis-39	138	5	we	we	PRON
aisthesis-39	138	6	would	would	AUX
aisthesis-39	138	7	expect	expect	VERB
aisthesis-39	138	8	that	that	SCONJ
aisthesis-39	138	9	debt	debt	NOUN
aisthesis-39	138	10	in	in	ADP
aisthesis-39	138	11	countries	country	NOUN
aisthesis-39	138	12	with	with	ADP
aisthesis-39	138	13	low	low	ADJ
aisthesis-39	138	14	or	or	CCONJ
aisthesis-39	138	15	falling	fall	VERB
aisthesis-39	138	16	levels	level	NOUN
aisthesis-39	138	17	of	of	ADP
aisthesis-39	138	18	debt	debt	NOUN
aisthesis-39	138	19	would	would	AUX
aisthesis-39	138	20	not	not	PART
aisthesis-39	138	21	affect	affect	VERB
aisthesis-39	138	22	gdp	gdp	NOUN
aisthesis-39	138	23	growth	growth	NOUN
aisthesis-39	138	24	negatively	negatively	ADV
aisthesis-39	138	25	,	,	PUNCT
aisthesis-39	138	26	and	and	CCONJ
aisthesis-39	138	27	this	this	PRON
aisthesis-39	138	28	is	be	AUX
aisthesis-39	138	29	exactly	exactly	ADV
aisthesis-39	138	30	what	what	PRON
aisthesis-39	138	31	the	the	DET
aisthesis-39	138	32	model	model	NOUN
aisthesis-39	138	33	finds	find	VERB
aisthesis-39	138	34	to	to	PART
aisthesis-39	138	35	be	be	AUX
aisthesis-39	138	36	the	the	DET
aisthesis-39	138	37	case	case	NOUN
aisthesis-39	138	38	for	for	ADP
aisthesis-39	138	39	australia	australia	PROPN
aisthesis-39	138	40	,	,	PUNCT
aisthesis-39	138	41	canada	canada	PROPN
aisthesis-39	138	42	,	,	PUNCT
aisthesis-39	138	43	chile	chile	PROPN
aisthesis-39	138	44	,	,	PUNCT
aisthesis-39	138	45	new	new	PROPN
aisthesis-39	138	46	zealand	zealand	PROPN
aisthesis-39	138	47	,	,	PUNCT
aisthesis-39	138	48	and	and	CCONJ
aisthesis-39	138	49	germany	germany	PROPN
aisthesis-39	138	50	.	.	PUNCT
aisthesis-39	139	1	discussion	discussion	NOUN
aisthesis-39	139	2	of	of	ADP
aisthesis-39	139	3	results	result	NOUN
aisthesis-39	139	4	a	a	PRON
aisthesis-39	139	5	and	and	CCONJ
aisthesis-39	139	6	b	b	NOUN
aisthesis-39	139	7	and	and	CCONJ
aisthesis-39	139	8	policy	policy	NOUN
aisthesis-39	139	9	implications	implication	NOUN
aisthesis-39	139	10	these	these	DET
aisthesis-39	139	11	results	result	NOUN
aisthesis-39	139	12	differ	differ	VERB
aisthesis-39	139	13	from	from	ADP
aisthesis-39	139	14	most	most	ADJ
aisthesis-39	139	15	of	of	ADP
aisthesis-39	139	16	the	the	DET
aisthesis-39	139	17	current	current	ADJ
aisthesis-39	139	18	literature	literature	NOUN
aisthesis-39	139	19	because	because	SCONJ
aisthesis-39	139	20	they	they	PRON
aisthesis-39	139	21	are	be	AUX
aisthesis-39	139	22	generated	generate	VERB
aisthesis-39	139	23	for	for	ADP
aisthesis-39	139	24	individual	individual	ADJ
aisthesis-39	139	25	countries	country	NOUN
aisthesis-39	139	26	,	,	PUNCT
aisthesis-39	139	27	based	base	VERB
aisthesis-39	139	28	on	on	ADP
aisthesis-39	139	29	data	datum	NOUN
aisthesis-39	139	30	specific	specific	ADJ
aisthesis-39	139	31	to	to	ADP
aisthesis-39	139	32	that	that	DET
aisthesis-39	139	33	country	country	NOUN
aisthesis-39	139	34	.	.	PUNCT
aisthesis-39	140	1	this	this	PRON
aisthesis-39	140	2	is	be	AUX
aisthesis-39	140	3	critical	critical	ADJ
aisthesis-39	140	4	because	because	SCONJ
aisthesis-39	140	5	the	the	DET
aisthesis-39	140	6	austerity	austerity	NOUN
aisthesis-39	140	7	measures	measure	NOUN
aisthesis-39	140	8	adopted	adopt	VERB
aisthesis-39	140	9	by	by	ADP
aisthesis-39	140	10	eurozone	eurozone	NOUN
aisthesis-39	140	11	countries	country	NOUN
aisthesis-39	140	12	in	in	ADP
aisthesis-39	140	13	response	response	NOUN
aisthesis-39	140	14	to	to	ADP
aisthesis-39	140	15	the	the	DET
aisthesis-39	140	16	2008	2008	NUM
aisthesis-39	140	17	crisis	crisis	NOUN
aisthesis-39	140	18	and	and	CCONJ
aisthesis-39	140	19	r	r	NOUN
aisthesis-39	140	20	&	&	CCONJ
aisthesis-39	140	21	r	r	NOUN
aisthesis-39	140	22	’s	’s	PART
aisthesis-39	140	23	paper	paper	NOUN
aisthesis-39	140	24	did	do	AUX
aisthesis-39	140	25	not	not	PART
aisthesis-39	140	26	consider	consider	VERB
aisthesis-39	140	27	country	country	NOUN
aisthesis-39	140	28	-	-	PUNCT
aisthesis-39	140	29	specific	specific	ADJ
aisthesis-39	140	30	data	datum	NOUN
aisthesis-39	140	31	,	,	PUNCT
aisthesis-39	140	32	and	and	CCONJ
aisthesis-39	140	33	as	as	ADP
aisthesis-39	140	34	a	a	DET
aisthesis-39	140	35	result	result	NOUN
aisthesis-39	140	36	,	,	PUNCT
aisthesis-39	140	37	budget	budget	NOUN
aisthesis-39	140	38	cuts	cut	NOUN
aisthesis-39	140	39	were	be	AUX
aisthesis-39	140	40	implemented	implement	VERB
aisthesis-39	140	41	in	in	ADP
aisthesis-39	140	42	haste	haste	NOUN
aisthesis-39	140	43	which	which	PRON
aisthesis-39	140	44	probably	probably	ADV
aisthesis-39	140	45	had	have	VERB
aisthesis-39	140	46	negative	negative	ADJ
aisthesis-39	140	47	economic	economic	ADJ
aisthesis-39	140	48	effects	effect	NOUN
aisthesis-39	140	49	.	.	PUNCT
aisthesis-39	141	1	that	that	PRON
aisthesis-39	141	2	is	be	AUX
aisthesis-39	141	3	,	,	PUNCT
aisthesis-39	141	4	conventional	conventional	ADJ
aisthesis-39	141	5	economic	economic	ADJ
aisthesis-39	141	6	theory	theory	NOUN
aisthesis-39	141	7	as	as	SCONJ
aisthesis-39	141	8	outlined	outline	VERB
aisthesis-39	141	9	by	by	ADP
aisthesis-39	141	10	douglas	douglas	PROPN
aisthesis-39	141	11	and	and	CCONJ
aisthesis-39	141	12	mankiw	mankiw	PROPN
aisthesis-39	141	13	(	(	PUNCT
aisthesis-39	141	14	1999	1999	NUM
aisthesis-39	141	15	)	)	PUNCT
aisthesis-39	142	1	says	say	VERB
aisthesis-39	142	2	that	that	SCONJ
aisthesis-39	142	3	increases	increase	NOUN
aisthesis-39	142	4	in	in	ADP
aisthesis-39	142	5	government	government	NOUN
aisthesis-39	142	6	expenditures	expenditure	NOUN
aisthesis-39	142	7	can	can	AUX
aisthesis-39	142	8	help	help	VERB
aisthesis-39	142	9	mitigate	mitigate	VERB
aisthesis-39	142	10	the	the	DET
aisthesis-39	142	11	damages	damage	NOUN
aisthesis-39	142	12	of	of	ADP
aisthesis-39	142	13	a	a	DET
aisthesis-39	142	14	recession	recession	NOUN
aisthesis-39	142	15	.	.	PUNCT
aisthesis-39	143	1	the	the	DET
aisthesis-39	143	2	exact	exact	ADJ
aisthesis-39	143	3	opposite	opposite	NOUN
aisthesis-39	143	4	of	of	ADP
aisthesis-39	143	5	this	this	PRON
aisthesis-39	143	6	,	,	PUNCT
aisthesis-39	143	7	budget	budget	NOUN
aisthesis-39	143	8	cuts	cut	NOUN
aisthesis-39	143	9	,	,	PUNCT
aisthesis-39	143	10	has	have	VERB
aisthesis-39	143	11	contractionary	contractionary	ADJ
aisthesis-39	143	12	effects	effect	NOUN
aisthesis-39	143	13	,	,	PUNCT
aisthesis-39	143	14	which	which	PRON
aisthesis-39	143	15	is	be	AUX
aisthesis-39	143	16	highly	highly	ADV
aisthesis-39	143	17	counterproductive	counterproductive	ADJ
aisthesis-39	143	18	during	during	ADP
aisthesis-39	143	19	a	a	DET
aisthesis-39	143	20	recession	recession	NOUN
aisthesis-39	143	21	.	.	PUNCT
aisthesis-39	144	1	no	no	DET
aisthesis-39	144	2	statistically	statistically	ADV
aisthesis-39	144	3	significant	significant	ADJ
aisthesis-39	144	4	thresholds	threshold	NOUN
aisthesis-39	144	5	were	be	AUX
aisthesis-39	144	6	found	find	VERB
aisthesis-39	144	7	for	for	ADP
aisthesis-39	144	8	countries	country	NOUN
aisthesis-39	144	9	with	with	ADP
aisthesis-39	144	10	low	low	ADJ
aisthesis-39	144	11	levels	level	NOUN
aisthesis-39	144	12	of	of	ADP
aisthesis-39	144	13	debt	debt	NOUN
aisthesis-39	144	14	or	or	CCONJ
aisthesis-39	144	15	falling	fall	VERB
aisthesis-39	144	16	levels	level	NOUN
aisthesis-39	144	17	of	of	ADP
aisthesis-39	144	18	debt	debt	NOUN
aisthesis-39	144	19	,	,	PUNCT
aisthesis-39	144	20	which	which	PRON
aisthesis-39	144	21	is	be	AUX
aisthesis-39	144	22	in	in	ADP
aisthesis-39	144	23	lockstep	lockstep	NOUN
aisthesis-39	144	24	with	with	ADP
aisthesis-39	144	25	chudik	chudik	PROPN
aisthesis-39	144	26	et	et	PROPN
aisthesis-39	144	27	al	al	PROPN
aisthesis-39	144	28	.	.	PROPN
aisthesis-39	144	29	’s	’s	PART
aisthesis-39	144	30	(	(	PUNCT
aisthesis-39	144	31	2015	2015	NUM
aisthesis-39	144	32	)	)	PUNCT
aisthesis-39	144	33	findings	finding	NOUN
aisthesis-39	144	34	.	.	PUNCT
aisthesis-39	145	1	furthermore	furthermore	ADV
aisthesis-39	145	2	,	,	PUNCT
aisthesis-39	145	3	countries	country	NOUN
aisthesis-39	145	4	with	with	ADP
aisthesis-39	145	5	rising	rise	VERB
aisthesis-39	145	6	levels	level	NOUN
aisthesis-39	145	7	of	of	ADP
aisthesis-39	145	8	debt	debt	NOUN
aisthesis-39	145	9	for	for	ADP
aisthesis-39	145	10	at	at	ADP
aisthesis-39	145	11	least	least	ADJ
aisthesis-39	145	12	the	the	DET
aisthesis-39	145	13	previous	previous	ADJ
aisthesis-39	145	14	decade	decade	NOUN
aisthesis-39	145	15	had	have	VERB
aisthesis-39	145	16	statistically	statistically	ADV
aisthesis-39	145	17	significant	significant	ADJ
aisthesis-39	145	18	debt	debt	NOUN
aisthesis-39	145	19	-	-	PUNCT
aisthesis-39	145	20	to	to	ADP
aisthesis-39	145	21	-	-	PUNCT
aisthesis-39	145	22	gdp	gdp	NOUN
aisthesis-39	145	23	thresholds	threshold	NOUN
aisthesis-39	145	24	,	,	PUNCT
aisthesis-39	145	25	where	where	SCONJ
aisthesis-39	145	26	gdp	gdp	NOUN
aisthesis-39	145	27	growth	growth	NOUN
aisthesis-39	145	28	becomes	become	VERB
aisthesis-39	145	29	adversely	adversely	ADV
aisthesis-39	145	30	affected	affect	VERB
aisthesis-39	145	31	.	.	PUNCT
aisthesis-39	146	1	it	it	PRON
aisthesis-39	146	2	is	be	AUX
aisthesis-39	146	3	therefore	therefore	ADV
aisthesis-39	146	4	very	very	ADV
aisthesis-39	146	5	important	important	ADJ
aisthesis-39	146	6	for	for	ADP
aisthesis-39	146	7	future	future	ADJ
aisthesis-39	146	8	governments	government	NOUN
aisthesis-39	146	9	,	,	PUNCT
aisthesis-39	146	10	when	when	SCONJ
aisthesis-39	146	11	contemplating	contemplate	VERB
aisthesis-39	146	12	whether	whether	SCONJ
aisthesis-39	146	13	to	to	PART
aisthesis-39	146	14	implement	implement	VERB
aisthesis-39	146	15	austerity	austerity	NOUN
aisthesis-39	146	16	measures	measure	NOUN
aisthesis-39	146	17	,	,	PUNCT
aisthesis-39	146	18	to	to	PART
aisthesis-39	146	19	consider	consider	VERB
aisthesis-39	146	20	whether	whether	SCONJ
aisthesis-39	146	21	their	their	PRON
aisthesis-39	146	22	debt	debt	NOUN
aisthesis-39	146	23	is	be	AUX
aisthesis-39	146	24	on	on	ADP
aisthesis-39	146	25	a	a	DET
aisthesis-39	146	26	downward	downward	ADJ
aisthesis-39	146	27	trajectory	trajectory	NOUN
aisthesis-39	146	28	or	or	CCONJ
aisthesis-39	146	29	has	have	VERB
aisthesis-39	146	30	yet	yet	ADV
aisthesis-39	146	31	to	to	PART
aisthesis-39	146	32	reach	reach	VERB
aisthesis-39	146	33	detrimental	detrimental	ADJ
aisthesis-39	146	34	levels	level	NOUN
aisthesis-39	146	35	.	.	PUNCT
aisthesis-39	147	1	if	if	SCONJ
aisthesis-39	147	2	either	either	PRON
aisthesis-39	147	3	of	of	ADP
aisthesis-39	147	4	these	these	DET
aisthesis-39	147	5	conditions	condition	NOUN
aisthesis-39	147	6	hold	hold	VERB
aisthesis-39	147	7	,	,	PUNCT
aisthesis-39	147	8	then	then	ADV
aisthesis-39	147	9	austerity	austerity	NOUN
aisthesis-39	147	10	measures	measure	NOUN
aisthesis-39	147	11	are	be	AUX
aisthesis-39	147	12	unwarranted	unwarranted	ADJ
aisthesis-39	147	13	.	.	PUNCT
aisthesis-39	148	1	if	if	SCONJ
aisthesis-39	148	2	debt	debt	NOUN
aisthesis-39	148	3	is	be	AUX
aisthesis-39	148	4	on	on	ADP
aisthesis-39	148	5	an	an	DET
aisthesis-39	148	6	upward	upward	ADJ
aisthesis-39	148	7	trajectory	trajectory	NOUN
aisthesis-39	148	8	or	or	CCONJ
aisthesis-39	148	9	has	have	AUX
aisthesis-39	148	10	reached	reach	VERB
aisthesis-39	148	11	a	a	DET
aisthesis-39	148	12	high	high	ADJ
aisthesis-39	148	13	debt	debt	NOUN
aisthesis-39	148	14	-	-	PUNCT
aisthesis-39	148	15	togdp	togdp	NOUN
aisthesis-39	148	16	level	level	NOUN
aisthesis-39	148	17	,	,	PUNCT
aisthesis-39	148	18	panic	panic	NOUN
aisthesis-39	148	19	is	be	AUX
aisthesis-39	148	20	ill	ill	ADV
aisthesis-39	148	21	-	-	PUNCT
aisthesis-39	148	22	advised	advise	VERB
aisthesis-39	148	23	and	and	CCONJ
aisthesis-39	148	24	the	the	DET
aisthesis-39	148	25	most	most	ADV
aisthesis-39	148	26	prudent	prudent	ADJ
aisthesis-39	148	27	course	course	NOUN
aisthesis-39	148	28	of	of	ADP
aisthesis-39	148	29	action	action	NOUN
aisthesis-39	148	30	is	be	AUX
aisthesis-39	148	31	to	to	PART
aisthesis-39	148	32	lower	lower	VERB
aisthesis-39	148	33	debt	debt	NOUN
aisthesis-39	148	34	levels	level	NOUN
aisthesis-39	148	35	gradually	gradually	ADV
aisthesis-39	148	36	,	,	PUNCT
aisthesis-39	148	37	restoring	restore	VERB
aisthesis-39	148	38	the	the	DET
aisthesis-39	148	39	confidence	confidence	NOUN
aisthesis-39	148	40	of	of	ADP
aisthesis-39	148	41	markets	market	NOUN
aisthesis-39	148	42	,	,	PUNCT
aisthesis-39	148	43	consumers	consumer	NOUN
aisthesis-39	148	44	,	,	PUNCT
aisthesis-39	148	45	and	and	CCONJ
aisthesis-39	148	46	foreign	foreign	ADJ
aisthesis-39	148	47	governments	government	NOUN
aisthesis-39	148	48	in	in	ADP
aisthesis-39	148	49	the	the	DET
aisthesis-39	148	50	country	country	NOUN
aisthesis-39	148	51	’s	’s	PART
aisthesis-39	148	52	central	central	ADJ
aisthesis-39	148	53	government	government	NOUN
aisthesis-39	148	54	.	.	PUNCT
aisthesis-39	149	1	33	33	NUM
aisthesis-39	149	2	figure	figure	NOUN
aisthesis-39	149	3	10.1	10.1	NUM
aisthesis-39	149	4	.	.	PUNCT
aisthesis-39	150	1	debt	debt	NOUN
aisthesis-39	150	2	/	/	SYM
aisthesis-39	150	3	gdp	gdp	NOUN
aisthesis-39	150	4	of	of	ADP
aisthesis-39	150	5	new	new	PROPN
aisthesis-39	150	6	zealand	zealand	PROPN
aisthesis-39	150	7	,	,	PUNCT
aisthesis-39	150	8	1980	1980	NUM
aisthesis-39	150	9	-	-	SYM
aisthesis-39	150	10	2010	2010	NUM
aisthesis-39	150	11	.	.	PUNCT
aisthesis-39	151	1	figure	figure	NOUN
aisthesis-39	151	2	10.2	10.2	NUM
aisthesis-39	151	3	.	.	PUNCT
aisthesis-39	152	1	debt	debt	NOUN
aisthesis-39	152	2	/	/	SYM
aisthesis-39	152	3	gdp	gdp	NOUN
aisthesis-39	152	4	of	of	ADP
aisthesis-39	152	5	new	new	PROPN
aisthesis-39	152	6	zealand	zealand	PROPN
aisthesis-39	152	7	,	,	PUNCT
aisthesis-39	152	8	1861	1861	NUM
aisthesis-39	152	9	-	-	SYM
aisthesis-39	152	10	2005	2005	NUM
aisthesis-39	152	11	.	.	PUNCT
aisthesis-39	153	1	the	the	DET
aisthesis-39	153	2	debt	debt	NOUN
aisthesis-39	153	3	-	-	PUNCT
aisthesis-39	153	4	to	to	ADP
aisthesis-39	153	5	-	-	PUNCT
aisthesis-39	153	6	gdp	gdp	NOUN
aisthesis-39	153	7	threshold	threshold	NOUN
aisthesis-39	153	8	effect	effect	NOUN
aisthesis-39	153	9	on	on	ADP
aisthesis-39	153	10	output	output	NOUN
aisthesis-39	153	11	:	:	PUNCT
aisthesis-39	153	12	a	a	DET
aisthesis-39	153	13	country	country	NOUN
aisthesis-39	153	14	-	-	PUNCT
aisthesis-39	153	15	specific	specific	ADJ
aisthesis-39	153	16	analysis	analysis	NOUN
aisthesis-39	153	17	aisthesis	aisthesis	NOUN
aisthesis-39	153	18	volume	volume	NOUN
aisthesis-39	153	19	8	8	NUM
aisthesis-39	153	20	,	,	PUNCT
aisthesis-39	153	21	2017	2017	NUM
aisthesis-39	153	22	governments	government	NOUN
aisthesis-39	153	23	must	must	AUX
aisthesis-39	153	24	consider	consider	VERB
aisthesis-39	153	25	the	the	DET
aisthesis-39	153	26	monetary	monetary	ADJ
aisthesis-39	153	27	environment	environment	NOUN
aisthesis-39	153	28	when	when	SCONJ
aisthesis-39	153	29	borrowing	borrow	VERB
aisthesis-39	153	30	to	to	PART
aisthesis-39	153	31	pay	pay	VERB
aisthesis-39	153	32	for	for	ADP
aisthesis-39	153	33	government	government	NOUN
aisthesis-39	153	34	expenditures	expenditure	NOUN
aisthesis-39	153	35	.	.	PUNCT
aisthesis-39	154	1	the	the	DET
aisthesis-39	154	2	2008	2008	NUM
aisthesis-39	154	3	financial	financial	ADJ
aisthesis-39	154	4	crisis	crisis	NOUN
aisthesis-39	154	5	presented	present	VERB
aisthesis-39	154	6	an	an	DET
aisthesis-39	154	7	economic	economic	ADJ
aisthesis-39	154	8	situation	situation	NOUN
aisthesis-39	154	9	that	that	PRON
aisthesis-39	154	10	we	we	PRON
aisthesis-39	154	11	had	have	AUX
aisthesis-39	154	12	never	never	ADV
aisthesis-39	154	13	seen	see	VERB
aisthesis-39	154	14	before	before	ADV
aisthesis-39	154	15	:	:	PUNCT
aisthesis-39	154	16	the	the	DET
aisthesis-39	154	17	federal	federal	PROPN
aisthesis-39	154	18	reserve	reserve	PROPN
aisthesis-39	154	19	made	make	VERB
aisthesis-39	154	20	prolonged	prolonged	ADJ
aisthesis-39	154	21	efforts	effort	NOUN
aisthesis-39	154	22	to	to	PART
aisthesis-39	154	23	remain	remain	VERB
aisthesis-39	154	24	at	at	ADP
aisthesis-39	154	25	the	the	DET
aisthesis-39	154	26	zero	zero	NUM
aisthesis-39	154	27	lower	lower	ADV
aisthesis-39	154	28	bound	bind	VERB
aisthesis-39	154	29	(	(	PUNCT
aisthesis-39	154	30	zlb	zlb	PROPN
aisthesis-39	154	31	)	)	PUNCT
aisthesis-39	154	32	,	,	PUNCT
aisthesis-39	154	33	keeping	keep	VERB
aisthesis-39	154	34	interest	interest	NOUN
aisthesis-39	154	35	rates	rate	NOUN
aisthesis-39	154	36	at	at	ADP
aisthesis-39	154	37	zero	zero	NUM
aisthesis-39	154	38	from	from	ADP
aisthesis-39	154	39	2009	2009	NUM
aisthesis-39	154	40	to	to	ADP
aisthesis-39	154	41	the	the	DET
aisthesis-39	154	42	end	end	NOUN
aisthesis-39	154	43	of	of	ADP
aisthesis-39	154	44	2015	2015	NUM
aisthesis-39	154	45	.	.	PUNCT
aisthesis-39	155	1	at	at	ADP
aisthesis-39	155	2	the	the	DET
aisthesis-39	155	3	zlb	zlb	PROPN
aisthesis-39	155	4	,	,	PUNCT
aisthesis-39	155	5	government	government	NOUN
aisthesis-39	155	6	spending	spending	NOUN
aisthesis-39	155	7	multipliers	multiplier	NOUN
aisthesis-39	155	8	are	be	AUX
aisthesis-39	155	9	greater	great	ADJ
aisthesis-39	155	10	than	than	ADP
aisthesis-39	155	11	in	in	ADP
aisthesis-39	155	12	“	"	PUNCT
aisthesis-39	155	13	normal	normal	ADJ
aisthesis-39	155	14	”	"	PUNCT
aisthesis-39	155	15	times	time	NOUN
aisthesis-39	155	16	(	(	PUNCT
aisthesis-39	155	17	delong	delong	PROPN
aisthesis-39	155	18	&	&	CCONJ
aisthesis-39	155	19	summers	summer	NOUN
aisthesis-39	155	20	,	,	PUNCT
aisthesis-39	155	21	2012	2012	NUM
aisthesis-39	155	22	)	)	PUNCT
aisthesis-39	155	23	.	.	PUNCT
aisthesis-39	156	1	this	this	PRON
aisthesis-39	156	2	is	be	AUX
aisthesis-39	156	3	because	because	SCONJ
aisthesis-39	156	4	demand	demand	NOUN
aisthesis-39	156	5	in	in	ADP
aisthesis-39	156	6	the	the	DET
aisthesis-39	156	7	loanable	loanable	ADJ
aisthesis-39	156	8	funds	fund	NOUN
aisthesis-39	156	9	market	market	NOUN
aisthesis-39	156	10	is	be	AUX
aisthesis-39	156	11	very	very	ADV
aisthesis-39	156	12	slack	slack	NOUN
aisthesis-39	156	13	,	,	PUNCT
aisthesis-39	156	14	so	so	CCONJ
aisthesis-39	156	15	an	an	DET
aisthesis-39	156	16	increase	increase	NOUN
aisthesis-39	156	17	in	in	ADP
aisthesis-39	156	18	government	government	NOUN
aisthesis-39	156	19	spending	spending	NOUN
aisthesis-39	156	20	does	do	AUX
aisthesis-39	156	21	not	not	PART
aisthesis-39	156	22	cause	cause	VERB
aisthesis-39	156	23	a	a	DET
aisthesis-39	156	24	rise	rise	NOUN
aisthesis-39	156	25	in	in	ADP
aisthesis-39	156	26	interest	interest	NOUN
aisthesis-39	156	27	rates	rate	NOUN
aisthesis-39	156	28	and	and	CCONJ
aisthesis-39	156	29	therefore	therefore	ADV
aisthesis-39	156	30	the	the	DET
aisthesis-39	156	31	crowding	crowd	VERB
aisthesis-39	156	32	out	out	ADP
aisthesis-39	156	33	effect	effect	NOUN
aisthesis-39	156	34	is	be	AUX
aisthesis-39	156	35	avoided	avoid	VERB
aisthesis-39	156	36	.	.	PUNCT
aisthesis-39	157	1	therefore	therefore	ADV
aisthesis-39	157	2	,	,	PUNCT
aisthesis-39	157	3	if	if	SCONJ
aisthesis-39	157	4	there	there	PRON
aisthesis-39	157	5	ever	ever	ADV
aisthesis-39	157	6	is	be	AUX
aisthesis-39	157	7	a	a	DET
aisthesis-39	157	8	time	time	NOUN
aisthesis-39	157	9	to	to	PART
aisthesis-39	157	10	borrow	borrow	VERB
aisthesis-39	157	11	and	and	CCONJ
aisthesis-39	157	12	increase	increase	VERB
aisthesis-39	157	13	government	government	NOUN
aisthesis-39	157	14	spending	spending	NOUN
aisthesis-39	157	15	,	,	PUNCT
aisthesis-39	157	16	it	it	PRON
aisthesis-39	157	17	is	be	AUX
aisthesis-39	157	18	at	at	ADP
aisthesis-39	157	19	the	the	DET
aisthesis-39	157	20	zero	zero	NUM
aisthesis-39	157	21	lower	lower	ADV
aisthesis-39	157	22	bound	bind	VERB
aisthesis-39	157	23	,	,	PUNCT
aisthesis-39	157	24	where	where	SCONJ
aisthesis-39	157	25	government	government	NOUN
aisthesis-39	157	26	expenditures	expenditure	NOUN
aisthesis-39	157	27	have	have	VERB
aisthesis-39	157	28	the	the	DET
aisthesis-39	157	29	greatest	great	ADJ
aisthesis-39	157	30	potential	potential	NOUN
aisthesis-39	157	31	to	to	PART
aisthesis-39	157	32	affect	affect	VERB
aisthesis-39	157	33	economic	economic	ADJ
aisthesis-39	157	34	output	output	NOUN
aisthesis-39	157	35	positively	positively	ADV
aisthesis-39	157	36	.	.	PUNCT
aisthesis-39	158	1	references	reference	NOUN
aisthesis-39	158	2	chudik	chudik	PROPN
aisthesis-39	158	3	,	,	PUNCT
aisthesis-39	158	4	a.	a.	NOUN
aisthesis-39	158	5	,	,	PUNCT
aisthesis-39	158	6	mohaddes	mohadde	NOUN
aisthesis-39	158	7	,	,	PUNCT
aisthesis-39	158	8	k.	k.	PROPN
aisthesis-39	158	9	,	,	PUNCT
aisthesis-39	158	10	pesaran	pesaran	VERB
aisthesis-39	158	11	,	,	PUNCT
aisthesis-39	158	12	m.	m.	PROPN
aisthesis-39	158	13	h.	h.	PROPN
aisthesis-39	158	14	,	,	PUNCT
aisthesis-39	158	15	&	&	CCONJ
aisthesis-39	158	16	raissi	raissi	ADJ
aisthesis-39	158	17	,	,	PUNCT
aisthesis-39	158	18	m.	m.	NOUN
aisthesis-39	158	19	(	(	PUNCT
aisthesis-39	158	20	2015	2015	NUM
aisthesis-39	158	21	)	)	PUNCT
aisthesis-39	158	22	.	.	PUNCT
aisthesis-39	159	1	is	be	AUX
aisthesis-39	159	2	there	there	PRON
aisthesis-39	159	3	a	a	DET
aisthesis-39	159	4	debt	debt	NOUN
aisthesis-39	159	5	-	-	PUNCT
aisthesis-39	159	6	threshold	threshold	NOUN
aisthesis-39	159	7	effect	effect	NOUN
aisthesis-39	159	8	on	on	ADP
aisthesis-39	159	9	output	output	NOUN
aisthesis-39	159	10	growth	growth	NOUN
aisthesis-39	159	11	?	?	PUNCT
aisthesis-39	159	12	 	 	SPACE
aisthesis-39	160	1	the	the	DET
aisthesis-39	160	2	review	review	NOUN
aisthesis-39	160	3	of	of	ADP
aisthesis-39	160	4	economics	economic	NOUN
aisthesis-39	160	5	and	and	CCONJ
aisthesis-39	160	6	statistics	statistic	NOUN
aisthesis-39	160	7	,	,	PUNCT
aisthesis-39	160	8	 	 	SPACE
aisthesis-39	160	9	99(1	99(1	NUM
aisthesis-39	160	10	)	)	PUNCT
aisthesis-39	160	11	,	,	PUNCT
aisthesis-39	160	12	135	135	NUM
aisthesis-39	160	13	-	-	SYM
aisthesis-39	160	14	150	150	NUM
aisthesis-39	160	15	.	.	PUNCT
aisthesis-39	161	1	delong	delong	PROPN
aisthesis-39	161	2	,	,	PUNCT
aisthesis-39	161	3	b.	b.	PROPN
aisthesis-39	161	4	,	,	PUNCT
aisthesis-39	161	5	&	&	CCONJ
aisthesis-39	161	6	summers	summers	PROPN
aisthesis-39	161	7	,	,	PUNCT
aisthesis-39	161	8	l.	l.	PROPN
aisthesis-39	161	9	(	(	PUNCT
aisthesis-39	161	10	2012	2012	NUM
aisthesis-39	161	11	)	)	PUNCT
aisthesis-39	161	12	.	.	PUNCT
aisthesis-39	162	1	fiscal	fiscal	ADJ
aisthesis-39	162	2	policy	policy	NOUN
aisthesis-39	162	3	in	in	ADP
aisthesis-39	162	4	a	a	DET
aisthesis-39	162	5	depressed	depressed	ADJ
aisthesis-39	162	6	economy	economy	NOUN
aisthesis-39	162	7	.	.	PUNCT
aisthesis-39	162	8	  	  	SPACE
aisthesis-39	163	1	brookings	brookings	PROPN
aisthesis-39	163	2	papers	paper	NOUN
aisthesis-39	163	3	on	on	ADP
aisthesis-39	163	4	economic	economic	ADJ
aisthesis-39	163	5	activity	activity	NOUN
aisthesis-39	163	6	,	,	PUNCT
aisthesis-39	163	7	 	 	SPACE
aisthesis-39	163	8	1	1	NUM
aisthesis-39	163	9	,	,	PUNCT
aisthesis-39	163	10	233	233	NUM
aisthesis-39	163	11	-	-	SYM
aisthesis-39	163	12	297	297	NUM
aisthesis-39	163	13	.	.	PUNCT
aisthesis-39	164	1	égert	égert	PROPN
aisthesis-39	164	2	,	,	PUNCT
aisthesis-39	164	3	b.	b.	PROPN
aisthesis-39	164	4	(	(	PUNCT
aisthesis-39	164	5	2015	2015	NUM
aisthesis-39	164	6	)	)	PUNCT
aisthesis-39	164	7	.	.	PUNCT
aisthesis-39	165	1	public	public	ADJ
aisthesis-39	165	2	debt	debt	NOUN
aisthesis-39	165	3	,	,	PUNCT
aisthesis-39	165	4	economic	economic	ADJ
aisthesis-39	165	5	growth	growth	NOUN
aisthesis-39	165	6	and	and	CCONJ
aisthesis-39	165	7	nonlinear	nonlinear	ADJ
aisthesis-39	165	8	effects	effect	NOUN
aisthesis-39	165	9	:	:	PUNCT
aisthesis-39	165	10	myth	myth	NOUN
aisthesis-39	165	11	or	or	CCONJ
aisthesis-39	165	12	reality	reality	NOUN
aisthesis-39	165	13	?	?	PUNCT
aisthesis-39	165	14	  	  	SPACE
aisthesis-39	165	15	journal	journal	NOUN
aisthesis-39	165	16	of	of	ADP
aisthesis-39	165	17	macroeconomics	macroeconomic	NOUN
aisthesis-39	165	18	,	,	PUNCT
aisthesis-39	165	19	43	43	NUM
aisthesis-39	165	20	,	,	PUNCT
aisthesis-39	165	21	226	226	NUM
aisthesis-39	165	22	-	-	SYM
aisthesis-39	165	23	238	238	NUM
aisthesis-39	165	24	.	.	PUNCT
aisthesis-39	165	25	doi:10.1016	doi:10.1016	PROPN
aisthesis-39	165	26	/	/	SYM
aisthesis-39	165	27	j.	j.	PROPN
aisthesis-39	165	28	jmacro.2014.11.006	jmacro.2014.11.006	PROPN
aisthesis-39	165	29	elmendorf	elmendorf	PROPN
aisthesis-39	165	30	,	,	PUNCT
aisthesis-39	165	31	d.	d.	PROPN
aisthesis-39	165	32	,	,	PUNCT
aisthesis-39	165	33	&	&	CCONJ
aisthesis-39	165	34	mankiw	mankiw	PROPN
aisthesis-39	165	35	,	,	PUNCT
aisthesis-39	165	36	n.	n.	PROPN
aisthesis-39	165	37	g.	g.	PROPN
aisthesis-39	165	38	(	(	PUNCT
aisthesis-39	165	39	1999	1999	NUM
aisthesis-39	165	40	)	)	PUNCT
aisthesis-39	165	41	.	.	PUNCT
aisthesis-39	166	1	government	government	NOUN
aisthesis-39	166	2	debt	debt	NOUN
aisthesis-39	166	3	.	.	PUNCT
aisthesis-39	166	4	  	  	SPACE
aisthesis-39	167	1	handbook	handbook	NOUN
aisthesis-39	167	2	of	of	ADP
aisthesis-39	167	3	macroeconomics	macroeconomic	NOUN
aisthesis-39	167	4	,	,	PUNCT
aisthesis-39	167	5	  	  	SPACE
aisthesis-39	167	6	1	1	NUM
aisthesis-39	167	7	,	,	PUNCT
aisthesis-39	167	8	16151669	16151669	NUM
aisthesis-39	167	9	.	.	PUNCT
aisthesis-39	168	1	gale	gale	NOUN
aisthesis-39	168	2	,	,	PUNCT
aisthesis-39	168	3	w.	w.	PROPN
aisthesis-39	168	4	g.	g.	PROPN
aisthesis-39	168	5	,	,	PUNCT
aisthesis-39	168	6	&	&	CCONJ
aisthesis-39	168	7	orszag	orszag	PROPN
aisthesis-39	168	8	,	,	PUNCT
aisthesis-39	168	9	p.	p.	PROPN
aisthesis-39	168	10	r.	r.	PROPN
aisthesis-39	168	11	(	(	PUNCT
aisthesis-39	168	12	2003	2003	NUM
aisthesis-39	168	13	)	)	PUNCT
aisthesis-39	168	14	.	.	PUNCT
aisthesis-39	169	1	economic	economic	ADJ
aisthesis-39	169	2	effects	effect	NOUN
aisthesis-39	169	3	of	of	ADP
aisthesis-39	169	4	sustained	sustained	ADJ
aisthesis-39	169	5	budget	budget	NOUN
aisthesis-39	169	6	deficits	deficit	NOUN
aisthesis-39	169	7	.	.	PUNCT
aisthesis-39	170	1	national	national	ADJ
aisthesis-39	170	2	tax	tax	PROPN
aisthesis-39	170	3	journal	journal	PROPN
aisthesis-39	170	4	,	,	PUNCT
aisthesis-39	170	5	56(3	56(3	NOUN
aisthesis-39	170	6	)	)	PUNCT
aisthesis-39	170	7	,	,	PUNCT
aisthesis-39	170	8	463	463	NUM
aisthesis-39	170	9	-	-	SYM
aisthesis-39	170	10	485	485	NUM
aisthesis-39	170	11	.	.	PUNCT
aisthesis-39	171	1	minea	minea	PROPN
aisthesis-39	171	2	,	,	PUNCT
aisthesis-39	171	3	a.	a.	PROPN
aisthesis-39	171	4	,	,	PUNCT
aisthesis-39	171	5	&	&	CCONJ
aisthesis-39	171	6	parent	parent	PROPN
aisthesis-39	171	7	,	,	PUNCT
aisthesis-39	171	8	a.	a.	NOUN
aisthesis-39	171	9	(	(	PUNCT
aisthesis-39	171	10	2012	2012	NUM
aisthesis-39	171	11	)	)	PUNCT
aisthesis-39	171	12	.	.	PUNCT
aisthesis-39	171	13	is	be	AUX
aisthesis-39	171	14	high	high	ADJ
aisthesis-39	171	15	public	public	ADJ
aisthesis-39	171	16	debt	debt	NOUN
aisthesis-39	171	17	always	always	ADV
aisthesis-39	171	18	harmful	harmful	ADJ
aisthesis-39	171	19	to	to	ADP
aisthesis-39	171	20	economic	economic	ADJ
aisthesis-39	171	21	growth	growth	NOUN
aisthesis-39	171	22	?	?	PUNCT
aisthesis-39	172	1	reinhart	reinhart	NOUN
aisthesis-39	172	2	and	and	CCONJ
aisthesis-39	172	3	rogoff	rogoff	NOUN
aisthesis-39	172	4	and	and	CCONJ
aisthesis-39	172	5	some	some	DET
aisthesis-39	172	6	complex	complex	ADJ
aisthesis-39	172	7	nonlinearities	nonlinearitie	NOUN
aisthesis-39	172	8	.	.	PUNCT
aisthesis-39	173	1	cerdi	cerdi	PROPN
aisthesis-39	173	2	,	,	PUNCT
aisthesis-39	173	3	2012.18	2012.18	NUM
aisthesis-39	173	4	.	.	PUNCT
aisthesis-39	174	1	panizza	panizza	PROPN
aisthesis-39	174	2	,	,	PUNCT
aisthesis-39	174	3	u.	u.	PROPN
aisthesis-39	174	4	,	,	PUNCT
aisthesis-39	174	5	&	&	CCONJ
aisthesis-39	174	6	presbitero	presbitero	PROPN
aisthesis-39	174	7	,	,	PUNCT
aisthesis-39	174	8	a.	a.	NOUN
aisthesis-39	174	9	(	(	PUNCT
aisthesis-39	174	10	2012	2012	NUM
aisthesis-39	174	11	)	)	PUNCT
aisthesis-39	174	12	.	.	PUNCT
aisthesis-39	175	1	public	public	ADJ
aisthesis-39	175	2	debt	debt	NOUN
aisthesis-39	175	3	and	and	CCONJ
aisthesis-39	175	4	economic	economic	ADJ
aisthesis-39	175	5	growth	growth	NOUN
aisthesis-39	175	6	in	in	ADP
aisthesis-39	175	7	advanced	advanced	ADJ
aisthesis-39	175	8	economies	economy	NOUN
aisthesis-39	175	9	:	:	PUNCT
aisthesis-39	175	10	a	a	DET
aisthesis-39	175	11	survey	survey	NOUN
aisthesis-39	175	12	.	.	PUNCT
aisthesis-39	175	13	  	  	SPACE
aisthesis-39	176	1	swiss	swiss	ADJ
aisthesis-39	176	2	journal	journal	NOUN
aisthesis-39	176	3	of	of	ADP
aisthesis-39	176	4	economics	economic	NOUN
aisthesis-39	176	5	and	and	CCONJ
aisthesis-39	176	6	statistics	statistic	NOUN
aisthesis-39	176	7	,	,	PUNCT
aisthesis-39	176	8	 	 	SPACE
aisthesis-39	176	9	149(2	149(2	NUM
aisthesis-39	176	10	)	)	PUNCT
aisthesis-39	176	11	,	,	PUNCT
aisthesis-39	176	12	175	175	NUM
aisthesis-39	176	13	-	-	SYM
aisthesis-39	176	14	204	204	NUM
aisthesis-39	176	15	.	.	PUNCT
aisthesis-39	177	1	reinhart	reinhart	PROPN
aisthesis-39	177	2	,	,	PUNCT
aisthesis-39	177	3	c.	c.	PROPN
aisthesis-39	177	4	m.	m.	PROPN
aisthesis-39	177	5	,	,	PUNCT
aisthesis-39	177	6	&	&	CCONJ
aisthesis-39	177	7	rogoff	rogoff	PROPN
aisthesis-39	177	8	,	,	PUNCT
aisthesis-39	177	9	k.	k.	PROPN
aisthesis-39	177	10	s.	s.	PROPN
aisthesis-39	177	11	(	(	PUNCT
aisthesis-39	177	12	2010	2010	NUM
aisthesis-39	177	13	)	)	PUNCT
aisthesis-39	177	14	.	.	PUNCT
aisthesis-39	178	1	growth	growth	NOUN
aisthesis-39	178	2	in	in	ADP
aisthesis-39	178	3	a	a	DET
aisthesis-39	178	4	time	time	NOUN
aisthesis-39	178	5	of	of	ADP
aisthesis-39	178	6	debt	debt	NOUN
aisthesis-39	178	7	.	.	PUNCT
aisthesis-39	179	1	american	american	PROPN
aisthesis-39	179	2	economic	economic	PROPN
aisthesis-39	179	3	review	review	PROPN
aisthesis-39	179	4	,	,	PUNCT
aisthesis-39	179	5	100(2	100(2	NUM
aisthesis-39	179	6	)	)	PUNCT
aisthesis-39	179	7	,	,	PUNCT
aisthesis-39	179	8	573	573	NUM
aisthesis-39	179	9	-	-	SYM
aisthesis-39	179	10	78	78	NUM
aisthesis-39	179	11	.	.	PUNCT
aisthesis-39	180	1	34	34	NUM