id	sid	tid	token	lemma	pos
ajeer-242	1	1	19	19	NUM
ajeer-242	1	2	asian	asian	ADJ
ajeer-242	1	3	journal	journal	NOUN
ajeer-242	1	4	of	of	ADP
ajeer-242	1	5	economics	economic	NOUN
ajeer-242	1	6	and	and	CCONJ
ajeer-242	1	7	empirical	empirical	ADJ
ajeer-242	1	8	research	research	NOUN
ajeer-242	1	9	vol	vol	NOUN
ajeer-242	1	10	.	.	PROPN
ajeer-242	1	11	5	5	NUM
ajeer-242	1	12	,	,	PUNCT
ajeer-242	1	13	no	no	INTJ
ajeer-242	1	14	.	.	NOUN
ajeer-242	1	15	1	1	NUM
ajeer-242	1	16	,	,	PUNCT
ajeer-242	1	17	19	19	NUM
ajeer-242	1	18	-	-	SYM
ajeer-242	1	19	28	28	NUM
ajeer-242	1	20	,	,	PUNCT
ajeer-242	1	21	2018	2018	NUM
ajeer-242	1	22	issn(e	issn(e	NOUN
ajeer-242	1	23	)	)	PUNCT
ajeer-242	1	24	2409	2409	NUM
ajeer-242	1	25	-	-	SYM
ajeer-242	1	26	2622	2622	NUM
ajeer-242	1	27	/	/	SYM
ajeer-242	1	28	issn(p	issn(p	PROPN
ajeer-242	1	29	)	)	PUNCT
ajeer-242	1	30	2518	2518	NUM
ajeer-242	1	31	-	-	PUNCT
ajeer-242	1	32	010x	010x	ADJ
ajeer-242	1	33	doi	doi	NOUN
ajeer-242	1	34	:	:	PUNCT
ajeer-242	1	35	10.20448	10.20448	NUM
ajeer-242	1	36	/	/	SYM
ajeer-242	1	37	journal.501.2018.51.19.28	journal.501.2018.51.19.28	PROPN
ajeer-242	1	38	monetary	monetary	ADJ
ajeer-242	1	39	policy	policy	NOUN
ajeer-242	1	40	rule	rule	NOUN
ajeer-242	1	41	and	and	CCONJ
ajeer-242	1	42	its	its	PRON
ajeer-242	1	43	performance	performance	NOUN
ajeer-242	1	44	under	under	ADP
ajeer-242	1	45	inflation	inflation	NOUN
ajeer-242	1	46	targeting	target	VERB
ajeer-242	1	47	in	in	ADP
ajeer-242	1	48	thailand	thailand	PROPN
ajeer-242	1	49	hiroyuki	hiroyuki	PROPN
ajeer-242	1	50	taguchi1	taguchi1	PROPN
ajeer-242	1	51			PROPN
ajeer-242	1	52	mesa	mesa	PROPN
ajeer-242	1	53	wanasilp2	wanasilp2	PROPN
ajeer-242	1	54	(	(	PUNCT
ajeer-242	1	55			PROPN
ajeer-242	1	56	corresponding	correspond	VERB
ajeer-242	1	57	author	author	NOUN
ajeer-242	1	58	)	)	PUNCT
ajeer-242	1	59	1,2saitama	1,2saitama	PROPN
ajeer-242	1	60	university	university	NOUN
ajeer-242	1	61	,	,	PUNCT
ajeer-242	1	62	japan	japan	PROPN
ajeer-242	1	63	abstract	abstract	ADV
ajeer-242	1	64	this	this	DET
ajeer-242	1	65	article	article	NOUN
ajeer-242	1	66	reviews	review	VERB
ajeer-242	1	67	the	the	DET
ajeer-242	1	68	thailand	thailand	PROPN
ajeer-242	1	69	monetary	monetary	ADJ
ajeer-242	1	70	policy	policy	NOUN
ajeer-242	1	71	rule	rule	NOUN
ajeer-242	1	72	and	and	CCONJ
ajeer-242	1	73	its	its	PRON
ajeer-242	1	74	performance	performance	NOUN
ajeer-242	1	75	under	under	ADP
ajeer-242	1	76	the	the	DET
ajeer-242	1	77	adoption	adoption	NOUN
ajeer-242	1	78	of	of	ADP
ajeer-242	1	79	inflation	inflation	NOUN
ajeer-242	1	80	targeting	target	VERB
ajeer-242	1	81	regime	regime	NOUN
ajeer-242	1	82	since	since	SCONJ
ajeer-242	1	83	2000	2000	NUM
ajeer-242	1	84	.	.	PUNCT
ajeer-242	2	1	the	the	DET
ajeer-242	2	2	study	study	NOUN
ajeer-242	2	3	estimates	estimate	VERB
ajeer-242	2	4	the	the	DET
ajeer-242	2	5	policy	policy	NOUN
ajeer-242	2	6	reaction	reaction	NOUN
ajeer-242	2	7	function	function	VERB
ajeer-242	2	8	to	to	PART
ajeer-242	2	9	see	see	VERB
ajeer-242	2	10	if	if	SCONJ
ajeer-242	2	11	the	the	DET
ajeer-242	2	12	inflation	inflation	NOUN
ajeer-242	2	13	targeting	target	VERB
ajeer-242	2	14	has	have	AUX
ajeer-242	2	15	been	be	AUX
ajeer-242	2	16	linked	link	VERB
ajeer-242	2	17	with	with	ADP
ajeer-242	2	18	an	an	DET
ajeer-242	2	19	inflation	inflation	NOUN
ajeer-242	2	20	-	-	PUNCT
ajeer-242	2	21	responsive	responsive	ADJ
ajeer-242	2	22	monetary	monetary	ADJ
ajeer-242	2	23	policy	policy	NOUN
ajeer-242	2	24	rule	rule	NOUN
ajeer-242	2	25	,	,	PUNCT
ajeer-242	2	26	and	and	CCONJ
ajeer-242	2	27	investigates	investigate	VERB
ajeer-242	2	28	whether	whether	SCONJ
ajeer-242	2	29	the	the	DET
ajeer-242	2	30	monetary	monetary	ADJ
ajeer-242	2	31	policy	policy	NOUN
ajeer-242	2	32	rule	rule	NOUN
ajeer-242	2	33	would	would	AUX
ajeer-242	2	34	actually	actually	ADV
ajeer-242	2	35	have	have	VERB
ajeer-242	2	36	its	its	PRON
ajeer-242	2	37	transmission	transmission	NOUN
ajeer-242	2	38	effect	effect	NOUN
ajeer-242	2	39	on	on	ADP
ajeer-242	2	40	inflation	inflation	NOUN
ajeer-242	2	41	,	,	PUNCT
ajeer-242	2	42	through	through	ADP
ajeer-242	2	43	tracing	trace	VERB
ajeer-242	2	44	the	the	DET
ajeer-242	2	45	impulse	impulse	ADJ
ajeer-242	2	46	responses	response	NOUN
ajeer-242	2	47	of	of	ADP
ajeer-242	2	48	inflation	inflation	NOUN
ajeer-242	2	49	rate	rate	NOUN
ajeer-242	2	50	to	to	ADP
ajeer-242	2	51	monetary	monetary	ADJ
ajeer-242	2	52	policy	policy	NOUN
ajeer-242	2	53	shocks	shock	NOUN
ajeer-242	2	54	.	.	PUNCT
ajeer-242	3	1	the	the	DET
ajeer-242	3	2	main	main	ADJ
ajeer-242	3	3	findings	finding	NOUN
ajeer-242	3	4	are	be	AUX
ajeer-242	3	5	as	as	SCONJ
ajeer-242	3	6	follows	follow	VERB
ajeer-242	3	7	.	.	PUNCT
ajeer-242	4	1	the	the	DET
ajeer-242	4	2	estimation	estimation	NOUN
ajeer-242	4	3	outcomes	outcome	NOUN
ajeer-242	4	4	of	of	ADP
ajeer-242	4	5	the	the	DET
ajeer-242	4	6	policy	policy	NOUN
ajeer-242	4	7	reaction	reaction	NOUN
ajeer-242	4	8	function	function	NOUN
ajeer-242	4	9	show	show	VERB
ajeer-242	4	10	that	that	SCONJ
ajeer-242	4	11	the	the	DET
ajeer-242	4	12	thailand	thailand	PROPN
ajeer-242	4	13	monetary	monetary	ADJ
ajeer-242	4	14	policy	policy	NOUN
ajeer-242	4	15	rule	rule	NOUN
ajeer-242	4	16	is	be	AUX
ajeer-242	4	17	characterized	characterize	VERB
ajeer-242	4	18	as	as	ADP
ajeer-242	4	19	an	an	DET
ajeer-242	4	20	inflationand	inflationand	NOUN
ajeer-242	4	21	exchange	exchange	NOUN
ajeer-242	4	22	-	-	PUNCT
ajeer-242	4	23	rateresponsive	rateresponsive	ADJ
ajeer-242	4	24	rule	rule	NOUN
ajeer-242	4	25	with	with	ADP
ajeer-242	4	26	forward	forward	ADV
ajeer-242	4	27	-	-	PUNCT
ajeer-242	4	28	looking	look	VERB
ajeer-242	4	29	manner	manner	NOUN
ajeer-242	4	30	,	,	PUNCT
ajeer-242	4	31	which	which	PRON
ajeer-242	4	32	is	be	AUX
ajeer-242	4	33	countercyclical	countercyclical	ADJ
ajeer-242	4	34	against	against	ADP
ajeer-242	4	35	inflation	inflation	NOUN
ajeer-242	4	36	in	in	ADP
ajeer-242	4	37	the	the	DET
ajeer-242	4	38	long	long	ADJ
ajeer-242	4	39	run	run	NOUN
ajeer-242	4	40	,	,	PUNCT
ajeer-242	4	41	but	but	CCONJ
ajeer-242	4	42	is	be	AUX
ajeer-242	4	43	accompanied	accompany	VERB
ajeer-242	4	44	with	with	ADP
ajeer-242	4	45	slow	slow	ADJ
ajeer-242	4	46	adjustment	adjustment	NOUN
ajeer-242	4	47	toward	toward	ADP
ajeer-242	4	48	a	a	DET
ajeer-242	4	49	target	target	NOUN
ajeer-242	4	50	policy	policy	NOUN
ajeer-242	4	51	rate	rate	NOUN
ajeer-242	4	52	.	.	PUNCT
ajeer-242	5	1	the	the	DET
ajeer-242	5	2	impulse	impulse	ADJ
ajeer-242	5	3	response	response	NOUN
ajeer-242	5	4	analyses	analysis	NOUN
ajeer-242	5	5	imply	imply	VERB
ajeer-242	5	6	that	that	SCONJ
ajeer-242	5	7	the	the	DET
ajeer-242	5	8	thailand	thailand	PROPN
ajeer-242	5	9	monetary	monetary	ADJ
ajeer-242	5	10	policy	policy	NOUN
ajeer-242	5	11	has	have	VERB
ajeer-242	5	12	only	only	ADV
ajeer-242	5	13	a	a	DET
ajeer-242	5	14	marginal	marginal	ADJ
ajeer-242	5	15	transmission	transmission	NOUN
ajeer-242	5	16	effect	effect	NOUN
ajeer-242	5	17	on	on	ADP
ajeer-242	5	18	inflation	inflation	NOUN
ajeer-242	5	19	probably	probably	ADV
ajeer-242	5	20	due	due	ADP
ajeer-242	5	21	to	to	ADP
ajeer-242	5	22	the	the	DET
ajeer-242	5	23	slow	slow	ADJ
ajeer-242	5	24	adjustment	adjustment	NOUN
ajeer-242	5	25	of	of	ADP
ajeer-242	5	26	policy	policy	NOUN
ajeer-242	5	27	rate	rate	NOUN
ajeer-242	5	28	.	.	PUNCT
ajeer-242	6	1	keywords	keyword	NOUN
ajeer-242	6	2	:	:	PUNCT
ajeer-242	6	3	monetary	monetary	ADJ
ajeer-242	6	4	policy	policy	NOUN
ajeer-242	6	5	rule	rule	NOUN
ajeer-242	6	6	,	,	PUNCT
ajeer-242	6	7	inflation	inflation	NOUN
ajeer-242	6	8	targeting	target	VERB
ajeer-242	6	9	,	,	PUNCT
ajeer-242	6	10	the	the	DET
ajeer-242	6	11	bank	bank	NOUN
ajeer-242	6	12	of	of	ADP
ajeer-242	6	13	thailand	thailand	PROPN
ajeer-242	6	14	.	.	PUNCT
ajeer-242	7	1	jel	jel	PROPN
ajeer-242	7	2	classification	classification	PROPN
ajeer-242	7	3	:	:	PUNCT
ajeer-242	8	1	e52	e52	PROPN
ajeer-242	8	2	,	,	PUNCT
ajeer-242	8	3	e58	e58	PROPN
ajeer-242	8	4	,	,	PUNCT
ajeer-242	8	5	o53	o53	PROPN
ajeer-242	8	6	.	.	PUNCT
ajeer-242	9	1	citation	citation	NOUN
ajeer-242	9	2	|	|	PROPN
ajeer-242	9	3	hiroyuki	hiroyuki	PROPN
ajeer-242	9	4	taguchi	taguchi	PROPN
ajeer-242	9	5	;	;	PUNCT
ajeer-242	9	6	mesa	mesa	PROPN
ajeer-242	9	7	wanasilp	wanasilp	PROPN
ajeer-242	9	8	(	(	PUNCT
ajeer-242	9	9	2018	2018	NUM
ajeer-242	9	10	)	)	PUNCT
ajeer-242	9	11	.	.	PUNCT
ajeer-242	10	1	monetary	monetary	ADJ
ajeer-242	10	2	policy	policy	NOUN
ajeer-242	10	3	rule	rule	NOUN
ajeer-242	10	4	and	and	CCONJ
ajeer-242	10	5	its	its	PRON
ajeer-242	10	6	performance	performance	NOUN
ajeer-242	10	7	under	under	ADP
ajeer-242	10	8	inflation	inflation	NOUN
ajeer-242	10	9	targeting	target	VERB
ajeer-242	10	10	in	in	ADP
ajeer-242	10	11	thailand	thailand	PROPN
ajeer-242	10	12	.	.	PUNCT
ajeer-242	11	1	asian	asian	PROPN
ajeer-242	11	2	journal	journal	PROPN
ajeer-242	11	3	of	of	ADP
ajeer-242	11	4	economics	economic	NOUN
ajeer-242	11	5	and	and	CCONJ
ajeer-242	11	6	empirical	empirical	ADJ
ajeer-242	11	7	research	research	NOUN
ajeer-242	11	8	,	,	PUNCT
ajeer-242	11	9	5(1	5(1	NUM
ajeer-242	11	10	):	):	PUNCT
ajeer-242	11	11	19	19	NUM
ajeer-242	11	12	-	-	SYM
ajeer-242	11	13	28	28	NUM
ajeer-242	11	14	.	.	PUNCT
ajeer-242	12	1	history	history	NOUN
ajeer-242	12	2	:	:	PUNCT
ajeer-242	12	3	received	receive	VERB
ajeer-242	12	4	:	:	PUNCT
ajeer-242	12	5	13	13	NUM
ajeer-242	12	6	january	january	PROPN
ajeer-242	12	7	2018	2018	NUM
ajeer-242	12	8	revised	revise	VERB
ajeer-242	12	9	:	:	PUNCT
ajeer-242	12	10	24	24	NUM
ajeer-242	12	11	january	january	PROPN
ajeer-242	12	12	2018	2018	NUM
ajeer-242	12	13	accepted	accept	VERB
ajeer-242	12	14	:	:	PUNCT
ajeer-242	12	15	26	26	NUM
ajeer-242	12	16	january	january	PROPN
ajeer-242	12	17	2018	2018	NUM
ajeer-242	12	18	published	publish	VERB
ajeer-242	12	19	:	:	PUNCT
ajeer-242	12	20	30	30	NUM
ajeer-242	12	21	january	january	PROPN
ajeer-242	12	22	2018	2018	NUM
ajeer-242	12	23	licensed	license	VERB
ajeer-242	12	24	:	:	PUNCT
ajeer-242	12	25	this	this	DET
ajeer-242	12	26	work	work	NOUN
ajeer-242	12	27	is	be	AUX
ajeer-242	12	28	licensed	license	VERB
ajeer-242	12	29	under	under	ADP
ajeer-242	12	30	a	a	DET
ajeer-242	12	31	creative	creative	ADJ
ajeer-242	12	32	commons	common	NOUN
ajeer-242	12	33	attribution	attribution	NOUN
ajeer-242	12	34	3.0	3.0	NUM
ajeer-242	12	35	license	license	NOUN
ajeer-242	12	36	publisher	publisher	NOUN
ajeer-242	12	37	:	:	PUNCT
ajeer-242	12	38	asian	asian	ADJ
ajeer-242	12	39	online	online	PROPN
ajeer-242	12	40	journal	journal	PROPN
ajeer-242	12	41	publishing	publishing	NOUN
ajeer-242	12	42	group	group	NOUN
ajeer-242	12	43	contribution	contribution	NOUN
ajeer-242	12	44	/	/	SYM
ajeer-242	12	45	acknowledgement	acknowledgement	NOUN
ajeer-242	12	46	:	:	PUNCT
ajeer-242	12	47	both	both	DET
ajeer-242	12	48	authors	author	NOUN
ajeer-242	12	49	contributed	contribute	VERB
ajeer-242	12	50	to	to	ADP
ajeer-242	12	51	the	the	DET
ajeer-242	12	52	conception	conception	NOUN
ajeer-242	12	53	and	and	CCONJ
ajeer-242	12	54	design	design	NOUN
ajeer-242	12	55	of	of	ADP
ajeer-242	12	56	the	the	DET
ajeer-242	12	57	study	study	NOUN
ajeer-242	12	58	.	.	PUNCT
ajeer-242	13	1	funding	funding	NOUN
ajeer-242	13	2	:	:	PUNCT
ajeer-242	13	3	this	this	DET
ajeer-242	13	4	study	study	NOUN
ajeer-242	13	5	received	receive	VERB
ajeer-242	13	6	no	no	DET
ajeer-242	13	7	specific	specific	ADJ
ajeer-242	13	8	financial	financial	ADJ
ajeer-242	13	9	support	support	NOUN
ajeer-242	13	10	.	.	PUNCT
ajeer-242	14	1	competing	compete	VERB
ajeer-242	14	2	interests	interest	NOUN
ajeer-242	14	3	:	:	PUNCT
ajeer-242	14	4	the	the	DET
ajeer-242	14	5	authors	author	NOUN
ajeer-242	14	6	declare	declare	VERB
ajeer-242	14	7	that	that	SCONJ
ajeer-242	14	8	they	they	PRON
ajeer-242	14	9	have	have	VERB
ajeer-242	14	10	no	no	DET
ajeer-242	14	11	conflict	conflict	NOUN
ajeer-242	14	12	of	of	ADP
ajeer-242	14	13	interests	interest	NOUN
ajeer-242	14	14	.	.	PUNCT
ajeer-242	15	1	transparency	transparency	NOUN
ajeer-242	15	2	:	:	PUNCT
ajeer-242	15	3	the	the	DET
ajeer-242	15	4	authors	author	NOUN
ajeer-242	15	5	confirm	confirm	VERB
ajeer-242	15	6	that	that	SCONJ
ajeer-242	15	7	the	the	DET
ajeer-242	15	8	manuscript	manuscript	NOUN
ajeer-242	15	9	is	be	AUX
ajeer-242	15	10	an	an	DET
ajeer-242	15	11	honest	honest	ADJ
ajeer-242	15	12	,	,	PUNCT
ajeer-242	15	13	accurate	accurate	ADJ
ajeer-242	15	14	,	,	PUNCT
ajeer-242	15	15	and	and	CCONJ
ajeer-242	15	16	transparent	transparent	ADJ
ajeer-242	15	17	account	account	NOUN
ajeer-242	15	18	of	of	ADP
ajeer-242	15	19	the	the	DET
ajeer-242	15	20	study	study	NOUN
ajeer-242	15	21	was	be	AUX
ajeer-242	15	22	reported	report	VERB
ajeer-242	15	23	;	;	PUNCT
ajeer-242	15	24	that	that	SCONJ
ajeer-242	15	25	no	no	DET
ajeer-242	15	26	vital	vital	ADJ
ajeer-242	15	27	features	feature	NOUN
ajeer-242	15	28	of	of	ADP
ajeer-242	15	29	the	the	DET
ajeer-242	15	30	study	study	NOUN
ajeer-242	15	31	have	have	AUX
ajeer-242	15	32	been	be	AUX
ajeer-242	15	33	omitted	omit	VERB
ajeer-242	15	34	;	;	PUNCT
ajeer-242	15	35	and	and	CCONJ
ajeer-242	15	36	that	that	SCONJ
ajeer-242	15	37	any	any	DET
ajeer-242	15	38	discrepancies	discrepancy	NOUN
ajeer-242	15	39	from	from	ADP
ajeer-242	15	40	the	the	DET
ajeer-242	15	41	study	study	NOUN
ajeer-242	15	42	as	as	SCONJ
ajeer-242	15	43	planned	plan	VERB
ajeer-242	15	44	have	have	AUX
ajeer-242	15	45	been	be	AUX
ajeer-242	15	46	explained	explain	VERB
ajeer-242	15	47	.	.	PUNCT
ajeer-242	16	1	ethical	ethical	ADJ
ajeer-242	16	2	:	:	PUNCT
ajeer-242	16	3	this	this	DET
ajeer-242	16	4	study	study	NOUN
ajeer-242	16	5	follows	follow	VERB
ajeer-242	16	6	all	all	DET
ajeer-242	16	7	ethical	ethical	ADJ
ajeer-242	16	8	practices	practice	NOUN
ajeer-242	16	9	during	during	ADP
ajeer-242	16	10	writing	writing	NOUN
ajeer-242	16	11	.	.	PUNCT
ajeer-242	17	1	contents	content	NOUN
ajeer-242	17	2	1	1	NUM
ajeer-242	17	3	.	.	PUNCT
ajeer-242	18	1	introduction	introduction	NOUN
ajeer-242	18	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-242	19	1	20	20	NUM
ajeer-242	19	2	2	2	NUM
ajeer-242	19	3	.	.	PUNCT
ajeer-242	19	4	development	development	NOUN
ajeer-242	19	5	of	of	ADP
ajeer-242	19	6	monetary	monetary	ADJ
ajeer-242	19	7	policy	policy	NOUN
ajeer-242	19	8	framework	framework	NOUN
ajeer-242	19	9	in	in	ADP
ajeer-242	19	10	thailand	thailand	PROPN
ajeer-242	19	11	....................................................................................................	....................................................................................................	PUNCT
ajeer-242	20	1	21	21	NUM
ajeer-242	20	2	3	3	NUM
ajeer-242	20	3	.	.	PUNCT
ajeer-242	20	4	literature	literature	PROPN
ajeer-242	20	5	review	review	PROPN
ajeer-242	20	6	and	and	CCONJ
ajeer-242	20	7	contributions	contribution	NOUN
ajeer-242	20	8	..........................................................................................................................................	..........................................................................................................................................	PUNCT
ajeer-242	21	1	22	22	NUM
ajeer-242	21	2	4	4	NUM
ajeer-242	21	3	.	.	PUNCT
ajeer-242	21	4	empirical	empirical	ADJ
ajeer-242	21	5	analyses	analysis	NOUN
ajeer-242	21	6	..........................................................................................................................................................................	..........................................................................................................................................................................	PUNCT
ajeer-242	22	1	22	22	NUM
ajeer-242	22	2	5	5	NUM
ajeer-242	22	3	.	.	PUNCT
ajeer-242	22	4	concluding	conclude	VERB
ajeer-242	22	5	remarks	remark	NOUN
ajeer-242	22	6	.......................................................................................................................................................................	.......................................................................................................................................................................	PUNCT
ajeer-242	23	1	27	27	NUM
ajeer-242	23	2	references	reference	NOUN
ajeer-242	23	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	PROPN
ajeer-242	23	4	28	28	NUM
ajeer-242	23	5	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.51.19.28&domain=pdf&date_stamp=2017-01-14	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.51.19.28&domain=pdf&date_stamp=2017-01-14	PUNCT
ajeer-242	23	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-242	23	7	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-242	23	8	https://orcid.org/0000-0002-6426-772x	https://orcid.org/0000-0002-6426-772x	PROPN
ajeer-242	23	9	https://orcid.org/orcid-search/quick-search?searchquery=mesa	https://orcid.org/orcid-search/quick-search?searchquery=mesa	PROPN
ajeer-242	23	10	wanasilp	wanasilp	PROPN
ajeer-242	23	11	https://orcid.org/0000-0002-6426-772x	https://orcid.org/0000-0002-6426-772x	PROPN
ajeer-242	23	12	https://orcid.org/orcid-search/quick-search?searchquery=mesa	https://orcid.org/orcid-search/quick-search?searchquery=mesa	PROPN
ajeer-242	23	13	wanasilp	wanasilp	PROPN
ajeer-242	23	14	https://orcid.org/0000-0002-6426-772x	https://orcid.org/0000-0002-6426-772x	PROPN
ajeer-242	23	15	https://orcid.org/orcid-search/quick-search?searchquery=mesa	https://orcid.org/orcid-search/quick-search?searchquery=mesa	PROPN
ajeer-242	23	16	wanasilp	wanasilp	PROPN
ajeer-242	23	17	asian	asian	PROPN
ajeer-242	23	18	journal	journal	PROPN
ajeer-242	23	19	of	of	ADP
ajeer-242	23	20	economics	economic	NOUN
ajeer-242	23	21	and	and	CCONJ
ajeer-242	23	22	empirical	empirical	ADJ
ajeer-242	23	23	research	research	NOUN
ajeer-242	23	24	,	,	PUNCT
ajeer-242	23	25	2018	2018	NUM
ajeer-242	23	26	,	,	PUNCT
ajeer-242	23	27	5(1	5(1	NUM
ajeer-242	23	28	):	):	PUNCT
ajeer-242	23	29	19	19	NUM
ajeer-242	23	30	-	-	SYM
ajeer-242	23	31	28	28	NUM
ajeer-242	23	32	20	20	NUM
ajeer-242	23	33	1	1	NUM
ajeer-242	23	34	.	.	PUNCT
ajeer-242	23	35	introduction	introduction	NOUN
ajeer-242	23	36	the	the	DET
ajeer-242	23	37	bank	bank	NOUN
ajeer-242	23	38	of	of	ADP
ajeer-242	23	39	thailand	thailand	PROPN
ajeer-242	23	40	has	have	AUX
ajeer-242	23	41	adopted	adopt	VERB
ajeer-242	23	42	“	"	PUNCT
ajeer-242	23	43	inflation	inflation	NOUN
ajeer-242	23	44	targeting	target	VERB
ajeer-242	23	45	”	"	PUNCT
ajeer-242	23	46	as	as	ADP
ajeer-242	23	47	its	its	PRON
ajeer-242	23	48	monetary	monetary	ADJ
ajeer-242	23	49	policy	policy	NOUN
ajeer-242	23	50	framework	framework	NOUN
ajeer-242	23	51	since	since	SCONJ
ajeer-242	23	52	may	may	AUX
ajeer-242	23	53	2000.1	2000.1	NUM
ajeer-242	23	54	the	the	DET
ajeer-242	23	55	background	background	NOUN
ajeer-242	23	56	behind	behind	ADP
ajeer-242	23	57	introducing	introduce	VERB
ajeer-242	23	58	inflation	inflation	NOUN
ajeer-242	23	59	targeting	target	VERB
ajeer-242	23	60	lies	lie	NOUN
ajeer-242	23	61	in	in	ADP
ajeer-242	23	62	the	the	DET
ajeer-242	23	63	currency	currency	NOUN
ajeer-242	23	64	crisis	crisis	NOUN
ajeer-242	23	65	named	name	VERB
ajeer-242	23	66	“	"	PUNCT
ajeer-242	23	67	tom	tom	PROPN
ajeer-242	23	68	yum	yum	PROPN
ajeer-242	23	69	goong	goong	PROPN
ajeer-242	23	70	crisis	crisis	NOUN
ajeer-242	23	71	”	"	PUNCT
ajeer-242	23	72	in	in	ADP
ajeer-242	23	73	july	july	PROPN
ajeer-242	23	74	1997	1997	NUM
ajeer-242	23	75	.	.	PUNCT
ajeer-242	24	1	in	in	ADP
ajeer-242	24	2	this	this	DET
ajeer-242	24	3	crisis	crisis	NOUN
ajeer-242	24	4	thailand	thailand	PROPN
ajeer-242	24	5	abandoned	abandon	VERB
ajeer-242	24	6	pegged	peg	VERB
ajeer-242	24	7	currency	currency	NOUN
ajeer-242	24	8	regime	regime	NOUN
ajeer-242	24	9	and	and	CCONJ
ajeer-242	24	10	switched	switch	VERB
ajeer-242	24	11	to	to	ADP
ajeer-242	24	12	floating	float	VERB
ajeer-242	24	13	exchange	exchange	NOUN
ajeer-242	24	14	rate	rate	NOUN
ajeer-242	24	15	system	system	NOUN
ajeer-242	24	16	.	.	PUNCT
ajeer-242	25	1	then	then	ADV
ajeer-242	25	2	it	it	PRON
ajeer-242	25	3	became	become	VERB
ajeer-242	25	4	necessary	necessary	ADJ
ajeer-242	25	5	for	for	ADP
ajeer-242	25	6	the	the	DET
ajeer-242	25	7	authority	authority	NOUN
ajeer-242	25	8	to	to	PART
ajeer-242	25	9	identify	identify	VERB
ajeer-242	25	10	a	a	DET
ajeer-242	25	11	new	new	ADJ
ajeer-242	25	12	policy	policy	NOUN
ajeer-242	25	13	anchor	anchor	NOUN
ajeer-242	25	14	with	with	ADP
ajeer-242	25	15	a	a	DET
ajeer-242	25	16	main	main	ADJ
ajeer-242	25	17	objective	objective	NOUN
ajeer-242	25	18	of	of	ADP
ajeer-242	25	19	maintaining	maintain	VERB
ajeer-242	25	20	price	price	NOUN
ajeer-242	25	21	stability	stability	NOUN
ajeer-242	25	22	.	.	PUNCT
ajeer-242	26	1	as	as	SCONJ
ajeer-242	26	2	mishkin	mishkin	NOUN
ajeer-242	26	3	(	(	PUNCT
ajeer-242	26	4	2000	2000	NUM
ajeer-242	26	5	)	)	PUNCT
ajeer-242	26	6	argued	argue	VERB
ajeer-242	26	7	,	,	PUNCT
ajeer-242	26	8	inflation	inflation	NOUN
ajeer-242	26	9	targeting	target	VERB
ajeer-242	26	10	has	have	AUX
ajeer-242	26	11	become	become	VERB
ajeer-242	26	12	an	an	DET
ajeer-242	26	13	alternative	alternative	ADJ
ajeer-242	26	14	nominal	nominal	ADJ
ajeer-242	26	15	anchor	anchor	NOUN
ajeer-242	26	16	to	to	PART
ajeer-242	26	17	stabilize	stabilize	VERB
ajeer-242	26	18	inflation	inflation	NOUN
ajeer-242	26	19	instead	instead	ADV
ajeer-242	26	20	of	of	ADP
ajeer-242	26	21	pegged	peg	VERB
ajeer-242	26	22	currency	currency	NOUN
ajeer-242	26	23	regime	regime	NOUN
ajeer-242	26	24	.	.	PUNCT
ajeer-242	27	1	the	the	DET
ajeer-242	27	2	question	question	NOUN
ajeer-242	27	3	then	then	ADV
ajeer-242	27	4	arises	arise	VERB
ajeer-242	27	5	on	on	ADP
ajeer-242	27	6	how	how	SCONJ
ajeer-242	27	7	we	we	PRON
ajeer-242	27	8	can	can	AUX
ajeer-242	27	9	evaluate	evaluate	VERB
ajeer-242	27	10	the	the	DET
ajeer-242	27	11	inflation	inflation	NOUN
ajeer-242	27	12	target	target	NOUN
ajeer-242	27	13	that	that	PRON
ajeer-242	27	14	has	have	AUX
ajeer-242	27	15	been	be	AUX
ajeer-242	27	16	operated	operate	VERB
ajeer-242	27	17	for	for	ADP
ajeer-242	27	18	around	around	ADV
ajeer-242	27	19	two	two	NUM
ajeer-242	27	20	decades	decade	NOUN
ajeer-242	27	21	since	since	SCONJ
ajeer-242	27	22	its	its	PRON
ajeer-242	27	23	adoption	adoption	NOUN
ajeer-242	27	24	in	in	ADP
ajeer-242	27	25	thailand	thailand	PROPN
ajeer-242	27	26	.	.	PUNCT
ajeer-242	28	1	in	in	ADP
ajeer-242	28	2	general	general	ADJ
ajeer-242	28	3	,	,	PUNCT
ajeer-242	28	4	there	there	PRON
ajeer-242	28	5	seems	seem	VERB
ajeer-242	28	6	to	to	PART
ajeer-242	28	7	be	be	AUX
ajeer-242	28	8	a	a	DET
ajeer-242	28	9	consensus	consensus	NOUN
ajeer-242	28	10	in	in	ADP
ajeer-242	28	11	academic	academic	ADJ
ajeer-242	28	12	literature	literature	NOUN
ajeer-242	28	13	and	and	CCONJ
ajeer-242	28	14	policy	policy	NOUN
ajeer-242	28	15	discussions	discussion	NOUN
ajeer-242	28	16	that	that	PRON
ajeer-242	28	17	inflation	inflation	NOUN
ajeer-242	28	18	targeting	target	VERB
ajeer-242	28	19	has	have	AUX
ajeer-242	28	20	so	so	ADV
ajeer-242	28	21	far	far	ADV
ajeer-242	28	22	been	be	AUX
ajeer-242	28	23	successful	successful	ADJ
ajeer-242	28	24	to	to	PART
ajeer-242	28	25	stabilize	stabilize	VERB
ajeer-242	28	26	inflation	inflation	NOUN
ajeer-242	28	27	in	in	ADP
ajeer-242	28	28	advanced	advanced	ADJ
ajeer-242	28	29	economies	economy	NOUN
ajeer-242	28	30	with	with	ADP
ajeer-242	28	31	their	their	PRON
ajeer-242	28	32	long	long	ADJ
ajeer-242	28	33	histories	history	NOUN
ajeer-242	28	34	of	of	ADP
ajeer-242	28	35	its	its	PRON
ajeer-242	28	36	adoption	adoption	NOUN
ajeer-242	28	37	since	since	SCONJ
ajeer-242	28	38	the	the	DET
ajeer-242	28	39	1990s	1990	NOUN
ajeer-242	28	40	(	(	PUNCT
ajeer-242	28	41	e.g.	e.g.	ADV
ajeer-242	28	42	(	(	PUNCT
ajeer-242	28	43	mishkin	mishkin	NOUN
ajeer-242	28	44	and	and	CCONJ
ajeer-242	28	45	posen	posen	PROPN
ajeer-242	28	46	,	,	PUNCT
ajeer-242	28	47	1998	1998	NUM
ajeer-242	28	48	;	;	PUNCT
ajeer-242	28	49	mishkin	mishkin	NOUN
ajeer-242	28	50	and	and	CCONJ
ajeer-242	28	51	schmidt	schmidt	NOUN
ajeer-242	28	52	-	-	PUNCT
ajeer-242	28	53	hebbel	hebbel	NOUN
ajeer-242	28	54	,	,	PUNCT
ajeer-242	28	55	2007	2007	NUM
ajeer-242	28	56	)	)	PUNCT
ajeer-242	28	57	)	)	PUNCT
ajeer-242	28	58	.	.	PUNCT
ajeer-242	29	1	as	as	ADV
ajeer-242	29	2	far	far	ADV
ajeer-242	29	3	as	as	SCONJ
ajeer-242	29	4	emerging	emerge	VERB
ajeer-242	29	5	market	market	NOUN
ajeer-242	29	6	economies	economy	NOUN
ajeer-242	29	7	including	include	VERB
ajeer-242	29	8	thailand	thailand	PROPN
ajeer-242	29	9	are	be	AUX
ajeer-242	29	10	concerned	concern	VERB
ajeer-242	29	11	,	,	PUNCT
ajeer-242	29	12	however	however	ADV
ajeer-242	29	13	,	,	PUNCT
ajeer-242	29	14	there	there	PRON
ajeer-242	29	15	have	have	AUX
ajeer-242	29	16	been	be	AUX
ajeer-242	29	17	rather	rather	ADV
ajeer-242	29	18	less	less	ADJ
ajeer-242	29	19	evidence	evidence	NOUN
ajeer-242	29	20	to	to	PART
ajeer-242	29	21	support	support	VERB
ajeer-242	29	22	the	the	DET
ajeer-242	29	23	performance	performance	NOUN
ajeer-242	29	24	of	of	ADP
ajeer-242	29	25	inflation	inflation	NOUN
ajeer-242	29	26	targeting	target	VERB
ajeer-242	29	27	due	due	ADP
ajeer-242	29	28	to	to	ADP
ajeer-242	29	29	their	their	PRON
ajeer-242	29	30	relatively	relatively	ADV
ajeer-242	29	31	shorter	short	ADJ
ajeer-242	29	32	histories	history	NOUN
ajeer-242	29	33	of	of	ADP
ajeer-242	29	34	its	its	PRON
ajeer-242	29	35	adoption	adoption	NOUN
ajeer-242	29	36	and	and	CCONJ
ajeer-242	29	37	to	to	ADP
ajeer-242	29	38	some	some	DET
ajeer-242	29	39	difficulties	difficulty	NOUN
ajeer-242	29	40	in	in	ADP
ajeer-242	29	41	its	its	PRON
ajeer-242	29	42	management	management	NOUN
ajeer-242	29	43	.	.	PUNCT
ajeer-242	30	1	the	the	DET
ajeer-242	30	2	difficulties	difficulty	NOUN
ajeer-242	30	3	that	that	PRON
ajeer-242	30	4	emerging	emerge	VERB
ajeer-242	30	5	market	market	NOUN
ajeer-242	30	6	economies	economy	NOUN
ajeer-242	30	7	have	have	AUX
ajeer-242	30	8	faced	face	VERB
ajeer-242	30	9	in	in	ADP
ajeer-242	30	10	operating	operate	VERB
ajeer-242	30	11	their	their	PRON
ajeer-242	30	12	inflation	inflation	NOUN
ajeer-242	30	13	targeting	target	VERB
ajeer-242	30	14	might	might	AUX
ajeer-242	30	15	come	come	VERB
ajeer-242	30	16	from	from	ADP
ajeer-242	30	17	exchange	exchange	NOUN
ajeer-242	30	18	rate	rate	NOUN
ajeer-242	30	19	fluctuations	fluctuation	NOUN
ajeer-242	30	20	for	for	ADP
ajeer-242	30	21	the	the	DET
ajeer-242	30	22	following	follow	VERB
ajeer-242	30	23	senses	sense	NOUN
ajeer-242	30	24	.	.	PUNCT
ajeer-242	31	1	first	first	ADV
ajeer-242	31	2	,	,	PUNCT
ajeer-242	31	3	inflation	inflation	NOUN
ajeer-242	31	4	targeting	target	VERB
ajeer-242	31	5	can	can	AUX
ajeer-242	31	6	work	work	VERB
ajeer-242	31	7	well	well	ADV
ajeer-242	31	8	only	only	ADV
ajeer-242	31	9	when	when	SCONJ
ajeer-242	31	10	monetary	monetary	ADJ
ajeer-242	31	11	autonomy	autonomy	NOUN
ajeer-242	31	12	is	be	AUX
ajeer-242	31	13	secured	secure	VERB
ajeer-242	31	14	under	under	ADP
ajeer-242	31	15	floating	float	VERB
ajeer-242	31	16	exchange	exchange	NOUN
ajeer-242	31	17	rate	rate	NOUN
ajeer-242	31	18	regime	regime	NOUN
ajeer-242	31	19	with	with	ADP
ajeer-242	31	20	capital	capital	NOUN
ajeer-242	31	21	mobility	mobility	NOUN
ajeer-242	31	22	.	.	PUNCT
ajeer-242	32	1	emerging	emerge	VERB
ajeer-242	32	2	market	market	NOUN
ajeer-242	32	3	economies	economy	NOUN
ajeer-242	32	4	have	have	VERB
ajeer-242	32	5	,	,	PUNCT
ajeer-242	32	6	however	however	ADV
ajeer-242	32	7	,	,	PUNCT
ajeer-242	32	8	the	the	DET
ajeer-242	32	9	problem	problem	NOUN
ajeer-242	32	10	of	of	ADP
ajeer-242	32	11	a	a	DET
ajeer-242	32	12	“	"	PUNCT
ajeer-242	32	13	fear	fear	NOUN
ajeer-242	32	14	of	of	ADP
ajeer-242	32	15	floating	float	VERB
ajeer-242	32	16	”	"	PUNCT
ajeer-242	32	17	,	,	PUNCT
ajeer-242	32	18	as	as	SCONJ
ajeer-242	32	19	suggested	suggest	VERB
ajeer-242	32	20	by	by	ADP
ajeer-242	32	21	calvo	calvo	PROPN
ajeer-242	32	22	and	and	CCONJ
ajeer-242	32	23	reinhart	reinhart	PROPN
ajeer-242	32	24	(	(	PUNCT
ajeer-242	32	25	2002	2002	NUM
ajeer-242	32	26	)	)	PUNCT
ajeer-242	32	27	.	.	PUNCT
ajeer-242	33	1	it	it	PRON
ajeer-242	33	2	comes	come	VERB
ajeer-242	33	3	from	from	ADP
ajeer-242	33	4	a	a	DET
ajeer-242	33	5	lack	lack	NOUN
ajeer-242	33	6	of	of	ADP
ajeer-242	33	7	confidence	confidence	NOUN
ajeer-242	33	8	in	in	ADP
ajeer-242	33	9	currency	currency	NOUN
ajeer-242	33	10	value	value	NOUN
ajeer-242	33	11	,	,	PUNCT
ajeer-242	33	12	especially	especially	ADV
ajeer-242	33	13	given	give	VERB
ajeer-242	33	14	that	that	SCONJ
ajeer-242	33	15	their	their	PRON
ajeer-242	33	16	external	external	ADJ
ajeer-242	33	17	debt	debt	NOUN
ajeer-242	33	18	is	be	AUX
ajeer-242	33	19	primarily	primarily	ADV
ajeer-242	33	20	denominated	denominate	VERB
ajeer-242	33	21	in	in	ADP
ajeer-242	33	22	us	us	PROPN
ajeer-242	33	23	dollars	dollar	NOUN
ajeer-242	33	24	.	.	PUNCT
ajeer-242	34	1	their	their	PRON
ajeer-242	34	2	efforts	effort	NOUN
ajeer-242	34	3	to	to	PART
ajeer-242	34	4	avoid	avoid	VERB
ajeer-242	34	5	exchange	exchange	NOUN
ajeer-242	34	6	rate	rate	NOUN
ajeer-242	34	7	volatility	volatility	NOUN
ajeer-242	34	8	prevent	prevent	VERB
ajeer-242	34	9	their	their	PRON
ajeer-242	34	10	monetary	monetary	ADJ
ajeer-242	34	11	authorities	authority	NOUN
ajeer-242	34	12	from	from	ADP
ajeer-242	34	13	concentrating	concentrate	VERB
ajeer-242	34	14	fully	fully	ADV
ajeer-242	34	15	on	on	ADP
ajeer-242	34	16	inflation	inflation	NOUN
ajeer-242	34	17	targeting	target	VERB
ajeer-242	34	18	.	.	PUNCT
ajeer-242	35	1	second	second	ADJ
ajeer-242	35	2	,	,	PUNCT
ajeer-242	35	3	as	as	SCONJ
ajeer-242	35	4	eichengreen	eichengreen	NOUN
ajeer-242	35	5	(	(	PUNCT
ajeer-242	35	6	2002	2002	NUM
ajeer-242	35	7	)	)	PUNCT
ajeer-242	35	8	argued	argue	VERB
ajeer-242	35	9	,	,	PUNCT
ajeer-242	35	10	exchange	exchange	NOUN
ajeer-242	35	11	rate	rate	NOUN
ajeer-242	35	12	fluctuation	fluctuation	NOUN
ajeer-242	35	13	itself	itself	PRON
ajeer-242	35	14	has	have	VERB
ajeer-242	35	15	large	large	ADJ
ajeer-242	35	16	influence	influence	NOUN
ajeer-242	35	17	on	on	ADP
ajeer-242	35	18	domestic	domestic	ADJ
ajeer-242	35	19	prices	price	NOUN
ajeer-242	35	20	through	through	ADP
ajeer-242	35	21	the	the	DET
ajeer-242	35	22	“	"	PUNCT
ajeer-242	35	23	pass	pass	VERB
ajeer-242	35	24	-	-	PUNCT
ajeer-242	35	25	through	through	NOUN
ajeer-242	35	26	”	"	PUNCT
ajeer-242	35	27	effect	effect	NOUN
ajeer-242	35	28	in	in	ADP
ajeer-242	35	29	small	small	ADJ
ajeer-242	35	30	,	,	PUNCT
ajeer-242	35	31	open	open	ADJ
ajeer-242	35	32	economies	economy	NOUN
ajeer-242	35	33	.	.	PUNCT
ajeer-242	36	1	it	it	PRON
ajeer-242	36	2	makes	make	VERB
ajeer-242	36	3	it	it	PRON
ajeer-242	36	4	difficult	difficult	ADJ
ajeer-242	36	5	for	for	SCONJ
ajeer-242	36	6	the	the	DET
ajeer-242	36	7	monetary	monetary	ADJ
ajeer-242	36	8	authorities	authority	NOUN
ajeer-242	36	9	to	to	PART
ajeer-242	36	10	control	control	VERB
ajeer-242	36	11	inflation	inflation	NOUN
ajeer-242	36	12	and	and	CCONJ
ajeer-242	36	13	to	to	PART
ajeer-242	36	14	perform	perform	VERB
ajeer-242	36	15	inflation	inflation	NOUN
ajeer-242	36	16	targeting	target	VERB
ajeer-242	36	17	well	well	ADV
ajeer-242	36	18	.	.	PUNCT
ajeer-242	37	1	there	there	PRON
ajeer-242	37	2	is	be	VERB
ajeer-242	37	3	,	,	PUNCT
ajeer-242	37	4	however	however	ADV
ajeer-242	37	5	,	,	PUNCT
ajeer-242	37	6	a	a	DET
ajeer-242	37	7	counterargument	counterargument	NOUN
ajeer-242	37	8	against	against	ADP
ajeer-242	37	9	the	the	DET
ajeer-242	37	10	pass	pass	VERB
ajeer-242	37	11	-	-	PUNCT
ajeer-242	37	12	through	through	ADP
ajeer-242	37	13	effect	effect	NOUN
ajeer-242	37	14	on	on	ADP
ajeer-242	37	15	inflation	inflation	NOUN
ajeer-242	37	16	targeting	target	VERB
ajeer-242	37	17	.	.	PUNCT
ajeer-242	37	18	gagnon	gagnon	PROPN
ajeer-242	37	19	and	and	CCONJ
ajeer-242	37	20	ihrig	ihrig	PROPN
ajeer-242	37	21	(	(	PUNCT
ajeer-242	37	22	2004	2004	NUM
ajeer-242	37	23	)	)	PUNCT
ajeer-242	37	24	argued	argue	VERB
ajeer-242	37	25	that	that	SCONJ
ajeer-242	37	26	an	an	DET
ajeer-242	37	27	inflation	inflation	NOUN
ajeer-242	37	28	targeting	target	VERB
ajeer-242	37	29	framework	framework	NOUN
ajeer-242	37	30	reduces	reduce	VERB
ajeer-242	37	31	the	the	DET
ajeer-242	37	32	pass	pass	VERB
ajeer-242	37	33	-	-	PUNCT
ajeer-242	37	34	through	through	ADP
ajeer-242	37	35	effect	effect	NOUN
ajeer-242	37	36	,	,	PUNCT
ajeer-242	37	37	in	in	ADP
ajeer-242	37	38	the	the	DET
ajeer-242	37	39	sense	sense	NOUN
ajeer-242	37	40	that	that	SCONJ
ajeer-242	37	41	domestic	domestic	ADJ
ajeer-242	37	42	agents	agent	NOUN
ajeer-242	37	43	are	be	AUX
ajeer-242	37	44	less	less	ADV
ajeer-242	37	45	inclined	inclined	ADJ
ajeer-242	37	46	to	to	PART
ajeer-242	37	47	change	change	VERB
ajeer-242	37	48	prices	price	NOUN
ajeer-242	37	49	in	in	ADP
ajeer-242	37	50	response	response	NOUN
ajeer-242	37	51	to	to	ADP
ajeer-242	37	52	a	a	DET
ajeer-242	37	53	given	give	VERB
ajeer-242	37	54	exchange	exchange	NOUN
ajeer-242	37	55	rate	rate	NOUN
ajeer-242	37	56	shock	shock	NOUN
ajeer-242	37	57	under	under	ADP
ajeer-242	37	58	the	the	DET
ajeer-242	37	59	strong	strong	ADJ
ajeer-242	37	60	commitment	commitment	NOUN
ajeer-242	37	61	of	of	ADP
ajeer-242	37	62	the	the	DET
ajeer-242	37	63	monetary	monetary	ADJ
ajeer-242	37	64	authority	authority	NOUN
ajeer-242	37	65	to	to	PART
ajeer-242	37	66	price	price	VERB
ajeer-242	37	67	stability	stability	NOUN
ajeer-242	37	68	.	.	PUNCT
ajeer-242	38	1	another	another	DET
ajeer-242	38	2	possible	possible	ADJ
ajeer-242	38	3	difficulty	difficulty	NOUN
ajeer-242	38	4	for	for	ADP
ajeer-242	38	5	inflation	inflation	NOUN
ajeer-242	38	6	targeting	target	VERB
ajeer-242	38	7	management	management	NOUN
ajeer-242	38	8	in	in	ADP
ajeer-242	38	9	emerging	emerge	VERB
ajeer-242	38	10	market	market	NOUN
ajeer-242	38	11	economies	economy	NOUN
ajeer-242	38	12	is	be	AUX
ajeer-242	38	13	the	the	DET
ajeer-242	38	14	lack	lack	NOUN
ajeer-242	38	15	of	of	ADP
ajeer-242	38	16	credibility	credibility	NOUN
ajeer-242	38	17	of	of	ADP
ajeer-242	38	18	the	the	DET
ajeer-242	38	19	central	central	ADJ
ajeer-242	38	20	bank	bank	NOUN
ajeer-242	38	21	capacity	capacity	NOUN
ajeer-242	38	22	.	.	PUNCT
ajeer-242	39	1	it	it	PRON
ajeer-242	39	2	might	might	AUX
ajeer-242	39	3	come	come	VERB
ajeer-242	39	4	from	from	ADP
ajeer-242	39	5	arbitrary	arbitrary	ADJ
ajeer-242	39	6	policy	policy	NOUN
ajeer-242	39	7	reactions	reaction	NOUN
ajeer-242	39	8	accompanied	accompany	VERB
ajeer-242	39	9	with	with	ADP
ajeer-242	39	10	unreliable	unreliable	ADJ
ajeer-242	39	11	inflation	inflation	NOUN
ajeer-242	39	12	forecasting	forecasting	NOUN
ajeer-242	39	13	by	by	ADP
ajeer-242	39	14	the	the	DET
ajeer-242	39	15	central	central	ADJ
ajeer-242	39	16	bank	bank	NOUN
ajeer-242	39	17	as	as	ADV
ajeer-242	39	18	well	well	ADV
ajeer-242	39	19	as	as	ADP
ajeer-242	39	20	the	the	DET
ajeer-242	39	21	economic	economic	ADJ
ajeer-242	39	22	uncertainty	uncertainty	NOUN
ajeer-242	39	23	and	and	CCONJ
ajeer-242	39	24	volatility	volatility	NOUN
ajeer-242	39	25	.	.	PUNCT
ajeer-242	40	1	as	as	ADV
ajeer-242	40	2	long	long	ADV
ajeer-242	40	3	as	as	SCONJ
ajeer-242	40	4	agents	agent	NOUN
ajeer-242	40	5	do	do	AUX
ajeer-242	40	6	not	not	PART
ajeer-242	40	7	believe	believe	VERB
ajeer-242	40	8	that	that	SCONJ
ajeer-242	40	9	the	the	DET
ajeer-242	40	10	monetary	monetary	ADJ
ajeer-242	40	11	authority	authority	NOUN
ajeer-242	40	12	will	will	AUX
ajeer-242	40	13	be	be	AUX
ajeer-242	40	14	successful	successful	ADJ
ajeer-242	40	15	in	in	ADP
ajeer-242	40	16	achieving	achieve	VERB
ajeer-242	40	17	the	the	DET
ajeer-242	40	18	inflation	inflation	NOUN
ajeer-242	40	19	target	target	NOUN
ajeer-242	40	20	,	,	PUNCT
ajeer-242	40	21	it	it	PRON
ajeer-242	40	22	will	will	AUX
ajeer-242	40	23	be	be	AUX
ajeer-242	40	24	difficult	difficult	ADJ
ajeer-242	40	25	for	for	SCONJ
ajeer-242	40	26	inflation	inflation	NOUN
ajeer-242	40	27	targeting	target	VERB
ajeer-242	40	28	to	to	PART
ajeer-242	40	29	have	have	VERB
ajeer-242	40	30	any	any	DET
ajeer-242	40	31	significant	significant	ADJ
ajeer-242	40	32	impact	impact	NOUN
ajeer-242	40	33	on	on	ADP
ajeer-242	40	34	the	the	DET
ajeer-242	40	35	expectations	expectation	NOUN
ajeer-242	40	36	and	and	CCONJ
ajeer-242	40	37	behavior	behavior	NOUN
ajeer-242	40	38	of	of	ADP
ajeer-242	40	39	the	the	DET
ajeer-242	40	40	private	private	ADJ
ajeer-242	40	41	sector	sector	NOUN
ajeer-242	40	42	with	with	ADP
ajeer-242	40	43	respect	respect	NOUN
ajeer-242	40	44	to	to	ADP
ajeer-242	40	45	wage	wage	NOUN
ajeer-242	40	46	and	and	CCONJ
ajeer-242	40	47	pricing	pricing	NOUN
ajeer-242	40	48	contracts	contract	NOUN
ajeer-242	40	49	.	.	PUNCT
ajeer-242	41	1	as	as	SCONJ
ajeer-242	41	2	eichengreen	eichengreen	NOUN
ajeer-242	41	3	(	(	PUNCT
ajeer-242	41	4	2002	2002	NUM
ajeer-242	41	5	)	)	PUNCT
ajeer-242	41	6	emphasized	emphasize	VERB
ajeer-242	41	7	,	,	PUNCT
ajeer-242	41	8	the	the	DET
ajeer-242	41	9	lack	lack	NOUN
ajeer-242	41	10	of	of	ADP
ajeer-242	41	11	credibility	credibility	NOUN
ajeer-242	41	12	would	would	AUX
ajeer-242	41	13	thus	thus	ADV
ajeer-242	41	14	lessen	lessen	VERB
ajeer-242	41	15	inflation	inflation	NOUN
ajeer-242	41	16	targeting	target	VERB
ajeer-242	41	17	performance	performance	NOUN
ajeer-242	41	18	.	.	PUNCT
ajeer-242	42	1	some	some	DET
ajeer-242	42	2	studies	study	NOUN
ajeer-242	42	3	,	,	PUNCT
ajeer-242	42	4	among	among	ADP
ajeer-242	42	5	the	the	DET
ajeer-242	42	6	limited	limited	ADJ
ajeer-242	42	7	literature	literature	NOUN
ajeer-242	42	8	,	,	PUNCT
ajeer-242	42	9	have	have	AUX
ajeer-242	42	10	assessed	assess	VERB
ajeer-242	42	11	inflation	inflation	NOUN
ajeer-242	42	12	targeting	target	VERB
ajeer-242	42	13	in	in	ADP
ajeer-242	42	14	emerging	emerge	VERB
ajeer-242	42	15	market	market	NOUN
ajeer-242	42	16	economies	economy	NOUN
ajeer-242	42	17	as	as	ADP
ajeer-242	42	18	“	"	PUNCT
ajeer-242	42	19	conditional	conditional	ADJ
ajeer-242	42	20	”	"	PUNCT
ajeer-242	42	21	success	success	NOUN
ajeer-242	42	22	.	.	PUNCT
ajeer-242	43	1	for	for	ADP
ajeer-242	43	2	example	example	NOUN
ajeer-242	43	3	,	,	PUNCT
ajeer-242	43	4	mishkin	mishkin	NOUN
ajeer-242	43	5	(	(	PUNCT
ajeer-242	43	6	2000;2004	2000;2004	NUM
ajeer-242	43	7	)	)	PUNCT
ajeer-242	43	8	argued	argue	VERB
ajeer-242	43	9	that	that	SCONJ
ajeer-242	43	10	the	the	DET
ajeer-242	43	11	success	success	NOUN
ajeer-242	43	12	of	of	ADP
ajeer-242	43	13	inflation	inflation	NOUN
ajeer-242	43	14	targeting	target	VERB
ajeer-242	43	15	could	could	AUX
ajeer-242	43	16	not	not	PART
ajeer-242	43	17	be	be	AUX
ajeer-242	43	18	solely	solely	ADV
ajeer-242	43	19	attributed	attribute	VERB
ajeer-242	43	20	to	to	ADP
ajeer-242	43	21	the	the	DET
ajeer-242	43	22	actions	action	NOUN
ajeer-242	43	23	of	of	ADP
ajeer-242	43	24	the	the	DET
ajeer-242	43	25	central	central	ADJ
ajeer-242	43	26	bank	bank	NOUN
ajeer-242	43	27	,	,	PUNCT
ajeer-242	43	28	and	and	CCONJ
ajeer-242	43	29	that	that	DET
ajeer-242	43	30	supportive	supportive	ADJ
ajeer-242	43	31	policies	policy	NOUN
ajeer-242	43	32	such	such	ADJ
ajeer-242	43	33	as	as	ADP
ajeer-242	43	34	the	the	DET
ajeer-242	43	35	absence	absence	NOUN
ajeer-242	43	36	of	of	ADP
ajeer-242	43	37	large	large	ADJ
ajeer-242	43	38	fiscal	fiscal	ADJ
ajeer-242	43	39	deficits	deficit	NOUN
ajeer-242	43	40	and	and	CCONJ
ajeer-242	43	41	rigorous	rigorous	ADJ
ajeer-242	43	42	regulation	regulation	NOUN
ajeer-242	43	43	and	and	CCONJ
ajeer-242	43	44	supervision	supervision	NOUN
ajeer-242	43	45	of	of	ADP
ajeer-242	43	46	the	the	DET
ajeer-242	43	47	financial	financial	ADJ
ajeer-242	43	48	sector	sector	NOUN
ajeer-242	43	49	were	be	AUX
ajeer-242	43	50	crucial	crucial	ADJ
ajeer-242	43	51	to	to	ADP
ajeer-242	43	52	its	its	PRON
ajeer-242	43	53	success	success	NOUN
ajeer-242	43	54	.	.	PUNCT
ajeer-242	44	1	lin	lin	PROPN
ajeer-242	44	2	and	and	CCONJ
ajeer-242	44	3	ye	ye	PRON
ajeer-242	44	4	(	(	PUNCT
ajeer-242	44	5	2009	2009	NUM
ajeer-242	44	6	)	)	PUNCT
ajeer-242	44	7	also	also	ADV
ajeer-242	44	8	noted	note	VERB
ajeer-242	44	9	that	that	SCONJ
ajeer-242	44	10	the	the	DET
ajeer-242	44	11	performance	performance	NOUN
ajeer-242	44	12	of	of	ADP
ajeer-242	44	13	inflation	inflation	NOUN
ajeer-242	44	14	targeting	target	VERB
ajeer-242	44	15	could	could	AUX
ajeer-242	44	16	be	be	AUX
ajeer-242	44	17	affected	affect	VERB
ajeer-242	44	18	by	by	ADP
ajeer-242	44	19	a	a	DET
ajeer-242	44	20	country	country	NOUN
ajeer-242	44	21	’s	’s	PART
ajeer-242	44	22	characteristics	characteristic	NOUN
ajeer-242	44	23	such	such	ADJ
ajeer-242	44	24	as	as	ADP
ajeer-242	44	25	the	the	DET
ajeer-242	44	26	government	government	NOUN
ajeer-242	44	27	’s	’s	PART
ajeer-242	44	28	fiscal	fiscal	ADJ
ajeer-242	44	29	position	position	NOUN
ajeer-242	44	30	,	,	PUNCT
ajeer-242	44	31	the	the	DET
ajeer-242	44	32	central	central	ADJ
ajeer-242	44	33	bank	bank	NOUN
ajeer-242	44	34	’s	’s	PART
ajeer-242	44	35	desire	desire	NOUN
ajeer-242	44	36	to	to	PART
ajeer-242	44	37	limit	limit	VERB
ajeer-242	44	38	movements	movement	NOUN
ajeer-242	44	39	of	of	ADP
ajeer-242	44	40	the	the	DET
ajeer-242	44	41	exchange	exchange	NOUN
ajeer-242	44	42	rate	rate	NOUN
ajeer-242	44	43	and	and	CCONJ
ajeer-242	44	44	its	its	PRON
ajeer-242	44	45	willingness	willingness	NOUN
ajeer-242	44	46	to	to	PART
ajeer-242	44	47	meet	meet	VERB
ajeer-242	44	48	the	the	DET
ajeer-242	44	49	preconditions	precondition	NOUN
ajeer-242	44	50	of	of	ADP
ajeer-242	44	51	policy	policy	NOUN
ajeer-242	44	52	adoption	adoption	NOUN
ajeer-242	44	53	.	.	PUNCT
ajeer-242	45	1	ito	ito	PROPN
ajeer-242	45	2	and	and	CCONJ
ajeer-242	45	3	hayashi	hayashi	PROPN
ajeer-242	45	4	(	(	PUNCT
ajeer-242	45	5	2004	2004	NUM
ajeer-242	45	6	)	)	PUNCT
ajeer-242	45	7	presented	present	VERB
ajeer-242	45	8	the	the	DET
ajeer-242	45	9	following	follow	VERB
ajeer-242	45	10	two	two	NUM
ajeer-242	45	11	recommendations	recommendation	NOUN
ajeer-242	45	12	on	on	ADP
ajeer-242	45	13	inflation	inflation	NOUN
ajeer-242	45	14	targeting	target	VERB
ajeer-242	45	15	management	management	NOUN
ajeer-242	45	16	,	,	PUNCT
ajeer-242	45	17	considering	consider	VERB
ajeer-242	45	18	the	the	DET
ajeer-242	45	19	characteristics	characteristic	NOUN
ajeer-242	45	20	of	of	ADP
ajeer-242	45	21	emerging	emerge	VERB
ajeer-242	45	22	market	market	NOUN
ajeer-242	45	23	economies	economy	NOUN
ajeer-242	45	24	:	:	PUNCT
ajeer-242	45	25	1	1	X
ajeer-242	45	26	)	)	PUNCT
ajeer-242	45	27	emerging	emerge	VERB
ajeer-242	45	28	market	market	NOUN
ajeer-242	45	29	countries	country	NOUN
ajeer-242	45	30	should	should	AUX
ajeer-242	45	31	set	set	VERB
ajeer-242	45	32	an	an	DET
ajeer-242	45	33	inflation	inflation	NOUN
ajeer-242	45	34	with	with	ADP
ajeer-242	45	35	target	target	NOUN
ajeer-242	45	36	central	central	ADJ
ajeer-242	45	37	rate	rate	NOUN
ajeer-242	45	38	slightly	slightly	ADV
ajeer-242	45	39	higher	high	ADJ
ajeer-242	45	40	and	and	CCONJ
ajeer-242	45	41	with	with	ADP
ajeer-242	45	42	a	a	DET
ajeer-242	45	43	target	target	NOUN
ajeer-242	45	44	range	range	NOUN
ajeer-242	45	45	slightly	slightly	ADV
ajeer-242	45	46	wider	wide	ADJ
ajeer-242	45	47	than	than	ADP
ajeer-242	45	48	a	a	DET
ajeer-242	45	49	typical	typical	ADJ
ajeer-242	45	50	advanced	advanced	ADJ
ajeer-242	45	51	country	country	NOUN
ajeer-242	45	52	;	;	PUNCT
ajeer-242	45	53	(	(	PUNCT
ajeer-242	45	54	2	2	X
ajeer-242	45	55	)	)	PUNCT
ajeer-242	45	56	small	small	ADJ
ajeer-242	45	57	,	,	PUNCT
ajeer-242	45	58	open	open	ADJ
ajeer-242	45	59	economies	economy	NOUN
ajeer-242	45	60	may	may	AUX
ajeer-242	45	61	pursue	pursue	VERB
ajeer-242	45	62	both	both	PRON
ajeer-242	45	63	an	an	DET
ajeer-242	45	64	inflation	inflation	NOUN
ajeer-242	45	65	target	target	NOUN
ajeer-242	45	66	range	range	NOUN
ajeer-242	45	67	and	and	CCONJ
ajeer-242	45	68	an	an	DET
ajeer-242	45	69	implicit	implicit	ADJ
ajeer-242	45	70	basket	basket	NOUN
ajeer-242	45	71	band	band	NOUN
ajeer-242	45	72	in	in	ADP
ajeer-242	45	73	exchange	exchange	NOUN
ajeer-242	45	74	rate	rate	NOUN
ajeer-242	45	75	regime	regime	NOUN
ajeer-242	45	76	,	,	PUNCT
ajeer-242	45	77	as	as	SCONJ
ajeer-242	45	78	both	both	DET
ajeer-242	45	79	targets	target	NOUN
ajeer-242	45	80	are	be	AUX
ajeer-242	45	81	expressed	express	VERB
ajeer-242	45	82	in	in	ADP
ajeer-242	45	83	a	a	DET
ajeer-242	45	84	range	range	NOUN
ajeer-242	45	85	(	(	PUNCT
ajeer-242	45	86	the	the	DET
ajeer-242	45	87	targets	target	NOUN
ajeer-242	45	88	work	work	VERB
ajeer-242	45	89	as	as	ADP
ajeer-242	45	90	the	the	DET
ajeer-242	45	91	source	source	NOUN
ajeer-242	45	92	of	of	ADP
ajeer-242	45	93	stability	stability	NOUN
ajeer-242	45	94	in	in	ADP
ajeer-242	45	95	expectations	expectation	NOUN
ajeer-242	45	96	,	,	PUNCT
ajeer-242	45	97	while	while	SCONJ
ajeer-242	45	98	the	the	DET
ajeer-242	45	99	ranges	range	NOUN
ajeer-242	45	100	allow	allow	VERB
ajeer-242	45	101	some	some	DET
ajeer-242	45	102	flexibility	flexibility	NOUN
ajeer-242	45	103	)	)	PUNCT
ajeer-242	45	104	.	.	PUNCT
ajeer-242	46	1	thailand	thailand	PROPN
ajeer-242	46	2	is	be	AUX
ajeer-242	46	3	not	not	PART
ajeer-242	46	4	an	an	DET
ajeer-242	46	5	exception	exception	NOUN
ajeer-242	46	6	in	in	ADP
ajeer-242	46	7	facing	face	VERB
ajeer-242	46	8	the	the	DET
ajeer-242	46	9	aforementioned	aforementioned	ADJ
ajeer-242	46	10	difficulties	difficulty	NOUN
ajeer-242	46	11	and	and	CCONJ
ajeer-242	46	12	conditional	conditional	ADJ
ajeer-242	46	13	success	success	NOUN
ajeer-242	46	14	in	in	ADP
ajeer-242	46	15	inflation	inflation	NOUN
ajeer-242	46	16	targeting	target	VERB
ajeer-242	46	17	operation	operation	NOUN
ajeer-242	46	18	as	as	ADP
ajeer-242	46	19	one	one	NUM
ajeer-242	46	20	of	of	ADP
ajeer-242	46	21	emerging	emerge	VERB
ajeer-242	46	22	market	market	NOUN
ajeer-242	46	23	economies	economy	NOUN
ajeer-242	46	24	.	.	PUNCT
ajeer-242	47	1	this	this	DET
ajeer-242	47	2	article	article	NOUN
ajeer-242	47	3	,	,	PUNCT
ajeer-242	47	4	in	in	ADP
ajeer-242	47	5	this	this	DET
ajeer-242	47	6	context	context	NOUN
ajeer-242	47	7	,	,	PUNCT
ajeer-242	47	8	reviews	review	VERB
ajeer-242	47	9	the	the	DET
ajeer-242	47	10	monetary	monetary	ADJ
ajeer-242	47	11	policy	policy	NOUN
ajeer-242	47	12	rule	rule	NOUN
ajeer-242	47	13	and	and	CCONJ
ajeer-242	47	14	its	its	PRON
ajeer-242	47	15	performance	performance	NOUN
ajeer-242	47	16	under	under	ADP
ajeer-242	47	17	inflation	inflation	NOUN
ajeer-242	47	18	targeting	target	VERB
ajeer-242	47	19	framework	framework	NOUN
ajeer-242	47	20	focusing	focus	VERB
ajeer-242	47	21	on	on	ADP
ajeer-242	47	22	thailand	thailand	PROPN
ajeer-242	47	23	.	.	PUNCT
ajeer-242	48	1	the	the	DET
ajeer-242	48	2	study	study	NOUN
ajeer-242	48	3	first	first	ADV
ajeer-242	48	4	estimates	estimate	VERB
ajeer-242	48	5	the	the	DET
ajeer-242	48	6	policy	policy	NOUN
ajeer-242	48	7	reaction	reaction	NOUN
ajeer-242	48	8	function	function	VERB
ajeer-242	48	9	to	to	PART
ajeer-242	48	10	see	see	VERB
ajeer-242	48	11	if	if	SCONJ
ajeer-242	48	12	the	the	DET
ajeer-242	48	13	adoption	adoption	NOUN
ajeer-242	48	14	of	of	ADP
ajeer-242	48	15	inflation	inflation	NOUN
ajeer-242	48	16	targeting	target	VERB
ajeer-242	48	17	has	have	AUX
ajeer-242	48	18	been	be	AUX
ajeer-242	48	19	linked	link	VERB
ajeer-242	48	20	with	with	ADP
ajeer-242	48	21	a	a	DET
ajeer-242	48	22	monetary	monetary	ADJ
ajeer-242	48	23	policy	policy	NOUN
ajeer-242	48	24	rule	rule	NOUN
ajeer-242	48	25	emphasizing	emphasize	VERB
ajeer-242	48	26	on	on	ADP
ajeer-242	48	27	inflation	inflation	NOUN
ajeer-242	48	28	stabilization	stabilization	NOUN
ajeer-242	48	29	.	.	PUNCT
ajeer-242	49	1	the	the	DET
ajeer-242	49	2	study	study	NOUN
ajeer-242	49	3	then	then	ADV
ajeer-242	49	4	investigates	investigate	VERB
ajeer-242	49	5	further	far	ADV
ajeer-242	49	6	whether	whether	SCONJ
ajeer-242	49	7	the	the	DET
ajeer-242	49	8	monetary	monetary	ADJ
ajeer-242	49	9	policy	policy	NOUN
ajeer-242	49	10	rule	rule	NOUN
ajeer-242	49	11	would	would	AUX
ajeer-242	49	12	actually	actually	ADV
ajeer-242	49	13	have	have	VERB
ajeer-242	49	14	its	its	PRON
ajeer-242	49	15	transmission	transmission	NOUN
ajeer-242	49	16	effect	effect	NOUN
ajeer-242	49	17	on	on	ADP
ajeer-242	49	18	inflation	inflation	NOUN
ajeer-242	49	19	,	,	PUNCT
ajeer-242	49	20	through	through	ADP
ajeer-242	49	21	tracing	trace	VERB
ajeer-242	49	22	the	the	DET
ajeer-242	49	23	impulse	impulse	ADJ
ajeer-242	49	24	responses	response	NOUN
ajeer-242	49	25	of	of	ADP
ajeer-242	49	26	inflation	inflation	NOUN
ajeer-242	49	27	rate	rate	NOUN
ajeer-242	49	28	to	to	ADP
ajeer-242	49	29	monetary	monetary	ADJ
ajeer-242	49	30	policy	policy	NOUN
ajeer-242	49	31	shocks	shock	NOUN
ajeer-242	49	32	in	in	ADP
ajeer-242	49	33	vector	vector	NOUN
ajeer-242	49	34	autoregressive	autoregressive	ADJ
ajeer-242	49	35	(	(	PUNCT
ajeer-242	49	36	var	var	NOUN
ajeer-242	49	37	)	)	PUNCT
ajeer-242	49	38	and	and	CCONJ
ajeer-242	49	39	structural	structural	ADJ
ajeer-242	49	40	var	var	NOUN
ajeer-242	49	41	(	(	PUNCT
ajeer-242	49	42	svar	svar	NOUN
ajeer-242	49	43	)	)	PUNCT
ajeer-242	49	44	models	model	NOUN
ajeer-242	49	45	.	.	PUNCT
ajeer-242	50	1	the	the	DET
ajeer-242	50	2	rest	rest	NOUN
ajeer-242	50	3	of	of	ADP
ajeer-242	50	4	the	the	DET
ajeer-242	50	5	paper	paper	NOUN
ajeer-242	50	6	is	be	AUX
ajeer-242	50	7	structured	structure	VERB
ajeer-242	50	8	as	as	SCONJ
ajeer-242	50	9	follows	follow	VERB
ajeer-242	50	10	.	.	PUNCT
ajeer-242	51	1	section	section	NOUN
ajeer-242	51	2	2	2	NUM
ajeer-242	51	3	describes	describe	VERB
ajeer-242	51	4	the	the	DET
ajeer-242	51	5	historical	historical	ADJ
ajeer-242	51	6	development	development	NOUN
ajeer-242	51	7	of	of	ADP
ajeer-242	51	8	monetary	monetary	ADJ
ajeer-242	51	9	policy	policy	NOUN
ajeer-242	51	10	framework	framework	NOUN
ajeer-242	51	11	in	in	ADP
ajeer-242	51	12	thailand	thailand	PROPN
ajeer-242	51	13	.	.	PUNCT
ajeer-242	52	1	section	section	NOUN
ajeer-242	52	2	3	3	NUM
ajeer-242	52	3	reviews	review	NOUN
ajeer-242	52	4	previous	previous	ADJ
ajeer-242	52	5	studies	study	NOUN
ajeer-242	52	6	on	on	ADP
ajeer-242	52	7	the	the	DET
ajeer-242	52	8	assessment	assessment	NOUN
ajeer-242	52	9	of	of	ADP
ajeer-242	52	10	thailand	thailand	PROPN
ajeer-242	52	11	monetary	monetary	ADJ
ajeer-242	52	12	policies	policy	NOUN
ajeer-242	52	13	and	and	CCONJ
ajeer-242	52	14	clarifies	clarify	VERB
ajeer-242	52	15	this	this	DET
ajeer-242	52	16	paper	paper	NOUN
ajeer-242	52	17	’s	’s	PART
ajeer-242	52	18	contribution	contribution	NOUN
ajeer-242	52	19	.	.	PUNCT
ajeer-242	53	1	section	section	NOUN
ajeer-242	53	2	4	4	NUM
ajeer-242	53	3	conducts	conduct	VERB
ajeer-242	53	4	the	the	DET
ajeer-242	53	5	empirical	empirical	ADJ
ajeer-242	53	6	analyses	analysis	NOUN
ajeer-242	53	7	,	,	PUNCT
ajeer-242	53	8	describing	describe	VERB
ajeer-242	53	9	the	the	DET
ajeer-242	53	10	data	datum	NOUN
ajeer-242	53	11	,	,	PUNCT
ajeer-242	53	12	the	the	DET
ajeer-242	53	13	methodology	methodology	NOUN
ajeer-242	53	14	,	,	PUNCT
ajeer-242	53	15	and	and	CCONJ
ajeer-242	53	16	the	the	DET
ajeer-242	53	17	estimation	estimation	NOUN
ajeer-242	53	18	results	result	NOUN
ajeer-242	53	19	and	and	CCONJ
ajeer-242	53	20	their	their	PRON
ajeer-242	53	21	interpretations	interpretation	NOUN
ajeer-242	53	22	.	.	PUNCT
ajeer-242	54	1	section	section	NOUN
ajeer-242	54	2	4	4	NUM
ajeer-242	54	3	summarizes	summarize	NOUN
ajeer-242	54	4	and	and	CCONJ
ajeer-242	54	5	concludes	conclude	VERB
ajeer-242	54	6	.	.	PUNCT
ajeer-242	54	7	1	1	NUM
ajeer-242	54	8	the	the	DET
ajeer-242	54	9	essence	essence	NOUN
ajeer-242	54	10	of	of	ADP
ajeer-242	54	11	inflation	inflation	NOUN
ajeer-242	54	12	targeting	target	VERB
ajeer-242	54	13	framework	framework	NOUN
ajeer-242	54	14	was	be	AUX
ajeer-242	54	15	clearly	clearly	ADV
ajeer-242	54	16	described	describe	VERB
ajeer-242	54	17	in	in	ADP
ajeer-242	54	18	bernanke	bernanke	PROPN
ajeer-242	54	19	and	and	CCONJ
ajeer-242	54	20	mishkin	mishkin	NOUN
ajeer-242	54	21	(	(	PUNCT
ajeer-242	54	22	1997	1997	NUM
ajeer-242	54	23	)	)	PUNCT
ajeer-242	54	24	and	and	CCONJ
ajeer-242	54	25	bernanke	bernanke	PROPN
ajeer-242	54	26	,	,	PUNCT
ajeer-242	54	27	laubach	laubach	PROPN
ajeer-242	54	28	,	,	PUNCT
ajeer-242	54	29	mishkin	mishkin	NOUN
ajeer-242	54	30	and	and	CCONJ
ajeer-242	54	31	posen	posen	PROPN
ajeer-242	54	32	(	(	PUNCT
ajeer-242	54	33	1999	1999	NUM
ajeer-242	54	34	)	)	PUNCT
ajeer-242	54	35	for	for	ADP
ajeer-242	54	36	instance	instance	NOUN
ajeer-242	54	37	.	.	PUNCT
ajeer-242	55	1	asian	asian	ADJ
ajeer-242	55	2	journal	journal	PROPN
ajeer-242	55	3	of	of	ADP
ajeer-242	55	4	economics	economic	NOUN
ajeer-242	55	5	and	and	CCONJ
ajeer-242	55	6	empirical	empirical	ADJ
ajeer-242	55	7	research	research	NOUN
ajeer-242	55	8	,	,	PUNCT
ajeer-242	55	9	2018	2018	NUM
ajeer-242	55	10	,	,	PUNCT
ajeer-242	55	11	5(1	5(1	NUM
ajeer-242	55	12	):	):	PUNCT
ajeer-242	55	13	19	19	NUM
ajeer-242	55	14	-	-	SYM
ajeer-242	55	15	28	28	NUM
ajeer-242	55	16	21	21	NUM
ajeer-242	55	17	2	2	NUM
ajeer-242	55	18	.	.	PUNCT
ajeer-242	56	1	development	development	NOUN
ajeer-242	56	2	of	of	ADP
ajeer-242	56	3	monetary	monetary	ADJ
ajeer-242	56	4	policy	policy	NOUN
ajeer-242	56	5	framework	framework	NOUN
ajeer-242	56	6	in	in	ADP
ajeer-242	56	7	thailand	thailand	PROPN
ajeer-242	56	8	this	this	DET
ajeer-242	56	9	section	section	NOUN
ajeer-242	56	10	first	first	ADV
ajeer-242	56	11	describes	describe	VERB
ajeer-242	56	12	the	the	DET
ajeer-242	56	13	short	short	ADJ
ajeer-242	56	14	history	history	NOUN
ajeer-242	56	15	of	of	ADP
ajeer-242	56	16	the	the	DET
ajeer-242	56	17	monetary	monetary	ADJ
ajeer-242	56	18	policy	policy	NOUN
ajeer-242	56	19	framework	framework	NOUN
ajeer-242	56	20	after	after	ADP
ajeer-242	56	21	the	the	DET
ajeer-242	56	22	second	second	ADJ
ajeer-242	56	23	world	world	NOUN
ajeer-242	56	24	war	war	NOUN
ajeer-242	56	25	in	in	ADP
ajeer-242	56	26	thailand	thailand	PROPN
ajeer-242	56	27	,	,	PUNCT
ajeer-242	56	28	and	and	CCONJ
ajeer-242	56	29	then	then	ADV
ajeer-242	56	30	reviews	review	VERB
ajeer-242	56	31	the	the	DET
ajeer-242	56	32	progress	progress	NOUN
ajeer-242	56	33	in	in	ADP
ajeer-242	56	34	inflation	inflation	NOUN
ajeer-242	56	35	targeting	target	VERB
ajeer-242	56	36	setting	setting	NOUN
ajeer-242	56	37	since	since	SCONJ
ajeer-242	56	38	may	may	PROPN
ajeer-242	56	39	2000.2	2000.2	NUM
ajeer-242	56	40	the	the	DET
ajeer-242	56	41	long	long	ADJ
ajeer-242	56	42	-	-	PUNCT
ajeer-242	56	43	term	term	NOUN
ajeer-242	56	44	development	development	NOUN
ajeer-242	56	45	of	of	ADP
ajeer-242	56	46	the	the	DET
ajeer-242	56	47	monetary	monetary	ADJ
ajeer-242	56	48	policy	policy	NOUN
ajeer-242	56	49	framework	framework	NOUN
ajeer-242	56	50	in	in	ADP
ajeer-242	56	51	thailand	thailand	PROPN
ajeer-242	56	52	can	can	AUX
ajeer-242	56	53	be	be	AUX
ajeer-242	56	54	divided	divide	VERB
ajeer-242	56	55	into	into	ADP
ajeer-242	56	56	the	the	DET
ajeer-242	56	57	following	follow	VERB
ajeer-242	56	58	three	three	NUM
ajeer-242	56	59	periods	period	NOUN
ajeer-242	56	60	.	.	PUNCT
ajeer-242	57	1	the	the	DET
ajeer-242	57	2	first	first	ADJ
ajeer-242	57	3	is	be	AUX
ajeer-242	57	4	the	the	DET
ajeer-242	57	5	period	period	NOUN
ajeer-242	57	6	of	of	ADP
ajeer-242	57	7	pegged	peg	VERB
ajeer-242	57	8	exchange	exchange	NOUN
ajeer-242	57	9	rate	rate	NOUN
ajeer-242	57	10	regime	regime	NOUN
ajeer-242	57	11	from	from	ADP
ajeer-242	57	12	the	the	DET
ajeer-242	57	13	second	second	ADJ
ajeer-242	57	14	world	world	NOUN
ajeer-242	57	15	war	war	NOUN
ajeer-242	57	16	to	to	ADP
ajeer-242	57	17	june	june	PROPN
ajeer-242	57	18	1997	1997	NUM
ajeer-242	57	19	.	.	PUNCT
ajeer-242	58	1	under	under	ADP
ajeer-242	58	2	this	this	DET
ajeer-242	58	3	regime	regime	NOUN
ajeer-242	58	4	,	,	PUNCT
ajeer-242	58	5	the	the	DET
ajeer-242	58	6	value	value	NOUN
ajeer-242	58	7	of	of	ADP
ajeer-242	58	8	local	local	ADJ
ajeer-242	58	9	currency	currency	NOUN
ajeer-242	58	10	named	name	VERB
ajeer-242	58	11	“	"	PUNCT
ajeer-242	58	12	bath	bath	NOUN
ajeer-242	58	13	”	"	PUNCT
ajeer-242	58	14	was	be	AUX
ajeer-242	58	15	pegged	peg	VERB
ajeer-242	58	16	either	either	CCONJ
ajeer-242	58	17	to	to	ADP
ajeer-242	58	18	gold	gold	NOUN
ajeer-242	58	19	,	,	PUNCT
ajeer-242	58	20	a	a	DET
ajeer-242	58	21	major	major	ADJ
ajeer-242	58	22	currency	currency	NOUN
ajeer-242	58	23	,	,	PUNCT
ajeer-242	58	24	or	or	CCONJ
ajeer-242	58	25	a	a	DET
ajeer-242	58	26	basket	basket	NOUN
ajeer-242	58	27	of	of	ADP
ajeer-242	58	28	currencies	currency	NOUN
ajeer-242	58	29	.	.	PUNCT
ajeer-242	59	1	the	the	DET
ajeer-242	59	2	second	second	NOUN
ajeer-242	59	3	is	be	AUX
ajeer-242	59	4	the	the	DET
ajeer-242	59	5	period	period	NOUN
ajeer-242	59	6	of	of	ADP
ajeer-242	59	7	monetary	monetary	ADJ
ajeer-242	59	8	targeting	targeting	NOUN
ajeer-242	59	9	regime	regime	NOUN
ajeer-242	59	10	from	from	ADP
ajeer-242	59	11	july	july	PROPN
ajeer-242	59	12	1997	1997	NUM
ajeer-242	59	13	to	to	ADP
ajeer-242	59	14	may	may	PROPN
ajeer-242	59	15	2000	2000	NUM
ajeer-242	59	16	.	.	PUNCT
ajeer-242	60	1	after	after	ADP
ajeer-242	60	2	the	the	DET
ajeer-242	60	3	adoption	adoption	NOUN
ajeer-242	60	4	of	of	ADP
ajeer-242	60	5	the	the	DET
ajeer-242	60	6	floating	float	VERB
ajeer-242	60	7	exchange	exchange	NOUN
ajeer-242	60	8	rate	rate	NOUN
ajeer-242	60	9	system	system	NOUN
ajeer-242	60	10	on	on	ADP
ajeer-242	60	11	july	july	PROPN
ajeer-242	60	12	2	2	NUM
ajeer-242	60	13	,	,	PUNCT
ajeer-242	60	14	1997	1997	NUM
ajeer-242	60	15	,	,	PUNCT
ajeer-242	60	16	under	under	ADP
ajeer-242	60	17	the	the	DET
ajeer-242	60	18	financial	financial	ADJ
ajeer-242	60	19	assistance	assistance	NOUN
ajeer-242	60	20	program	program	NOUN
ajeer-242	60	21	by	by	ADP
ajeer-242	60	22	the	the	DET
ajeer-242	60	23	international	international	ADJ
ajeer-242	60	24	monetary	monetary	ADJ
ajeer-242	60	25	fund	fund	NOUN
ajeer-242	60	26	(	(	PUNCT
ajeer-242	60	27	imf	imf	PROPN
ajeer-242	60	28	)	)	PUNCT
ajeer-242	60	29	during	during	ADP
ajeer-242	60	30	the	the	DET
ajeer-242	60	31	crisis	crisis	NOUN
ajeer-242	60	32	time	time	NOUN
ajeer-242	60	33	,	,	PUNCT
ajeer-242	60	34	the	the	DET
ajeer-242	60	35	bank	bank	NOUN
ajeer-242	60	36	of	of	ADP
ajeer-242	60	37	thailand	thailand	PROPN
ajeer-242	60	38	targeted	target	VERB
ajeer-242	60	39	domestic	domestic	ADJ
ajeer-242	60	40	money	money	NOUN
ajeer-242	60	41	supply	supply	NOUN
ajeer-242	60	42	in	in	ADP
ajeer-242	60	43	such	such	DET
ajeer-242	60	44	a	a	DET
ajeer-242	60	45	way	way	NOUN
ajeer-242	60	46	that	that	PRON
ajeer-242	60	47	the	the	DET
ajeer-242	60	48	bank	bank	NOUN
ajeer-242	60	49	set	set	VERB
ajeer-242	60	50	the	the	DET
ajeer-242	60	51	daily	daily	ADJ
ajeer-242	60	52	and	and	CCONJ
ajeer-242	60	53	quarterly	quarterly	ADJ
ajeer-242	60	54	monetary	monetary	ADJ
ajeer-242	60	55	base	base	NOUN
ajeer-242	60	56	targets	target	NOUN
ajeer-242	60	57	to	to	PART
ajeer-242	60	58	stabilize	stabilize	VERB
ajeer-242	60	59	financial	financial	ADJ
ajeer-242	60	60	markets	market	NOUN
ajeer-242	60	61	.	.	PUNCT
ajeer-242	61	1	the	the	DET
ajeer-242	61	2	third	third	NOUN
ajeer-242	61	3	is	be	AUX
ajeer-242	61	4	the	the	DET
ajeer-242	61	5	period	period	NOUN
ajeer-242	61	6	of	of	ADP
ajeer-242	61	7	inflation	inflation	NOUN
ajeer-242	61	8	targeting	target	VERB
ajeer-242	61	9	regime	regime	NOUN
ajeer-242	61	10	from	from	ADP
ajeer-242	61	11	may	may	PROPN
ajeer-242	61	12	2000	2000	NUM
ajeer-242	61	13	to	to	PART
ajeer-242	61	14	present	present	VERB
ajeer-242	61	15	.	.	PUNCT
ajeer-242	62	1	since	since	SCONJ
ajeer-242	62	2	the	the	DET
ajeer-242	62	3	relationship	relationship	NOUN
ajeer-242	62	4	between	between	ADP
ajeer-242	62	5	money	money	NOUN
ajeer-242	62	6	supply	supply	NOUN
ajeer-242	62	7	and	and	CCONJ
ajeer-242	62	8	output	output	NOUN
ajeer-242	62	9	growth	growth	NOUN
ajeer-242	62	10	became	become	VERB
ajeer-242	62	11	less	less	ADV
ajeer-242	62	12	stable	stable	ADJ
ajeer-242	62	13	over	over	ADP
ajeer-242	62	14	time	time	NOUN
ajeer-242	62	15	after	after	ADP
ajeer-242	62	16	the	the	DET
ajeer-242	62	17	financial	financial	ADJ
ajeer-242	62	18	crisis	crisis	NOUN
ajeer-242	62	19	,	,	PUNCT
ajeer-242	62	20	the	the	DET
ajeer-242	62	21	bank	bank	NOUN
ajeer-242	62	22	adopted	adopt	VERB
ajeer-242	62	23	inflation	inflation	NOUN
ajeer-242	62	24	targeting	target	VERB
ajeer-242	62	25	instead	instead	ADV
ajeer-242	62	26	of	of	ADP
ajeer-242	62	27	monetary	monetary	ADJ
ajeer-242	62	28	targeting	target	VERB
ajeer-242	62	29	in	in	ADP
ajeer-242	62	30	may	may	PROPN
ajeer-242	62	31	2000	2000	NUM
ajeer-242	62	32	,	,	PUNCT
ajeer-242	62	33	together	together	ADV
ajeer-242	62	34	with	with	ADP
ajeer-242	62	35	the	the	DET
ajeer-242	62	36	exit	exit	NOUN
ajeer-242	62	37	of	of	ADP
ajeer-242	62	38	the	the	DET
ajeer-242	62	39	imf	imf	PROPN
ajeer-242	62	40	program	program	NOUN
ajeer-242	62	41	.	.	PUNCT
ajeer-242	63	1	at	at	ADP
ajeer-242	63	2	the	the	DET
ajeer-242	63	3	same	same	ADJ
ajeer-242	63	4	time	time	NOUN
ajeer-242	63	5	,	,	PUNCT
ajeer-242	63	6	the	the	DET
ajeer-242	63	7	bank	bank	NOUN
ajeer-242	63	8	introduced	introduce	VERB
ajeer-242	63	9	the	the	DET
ajeer-242	63	10	policy	policy	NOUN
ajeer-242	63	11	rate	rate	NOUN
ajeer-242	63	12	as	as	ADP
ajeer-242	63	13	an	an	DET
ajeer-242	63	14	operational	operational	ADJ
ajeer-242	63	15	instrument	instrument	NOUN
ajeer-242	63	16	for	for	ADP
ajeer-242	63	17	managing	manage	VERB
ajeer-242	63	18	inflation	inflation	NOUN
ajeer-242	63	19	targeting	target	VERB
ajeer-242	63	20	,	,	PUNCT
ajeer-242	63	21	so	so	SCONJ
ajeer-242	63	22	that	that	SCONJ
ajeer-242	63	23	the	the	DET
ajeer-242	63	24	policy	policy	NOUN
ajeer-242	63	25	rate	rate	NOUN
ajeer-242	63	26	can	can	AUX
ajeer-242	63	27	affect	affect	VERB
ajeer-242	63	28	real	real	ADJ
ajeer-242	63	29	economy	economy	NOUN
ajeer-242	63	30	through	through	ADP
ajeer-242	63	31	transmission	transmission	NOUN
ajeer-242	63	32	channels	channel	NOUN
ajeer-242	63	33	.	.	PUNCT
ajeer-242	64	1	the	the	DET
ajeer-242	64	2	bank	bank	PROPN
ajeer-242	64	3	of	of	ADP
ajeer-242	64	4	japan	japan	PROPN
ajeer-242	64	5	has	have	AUX
ajeer-242	64	6	upgraded	upgrade	VERB
ajeer-242	64	7	the	the	DET
ajeer-242	64	8	framework	framework	NOUN
ajeer-242	64	9	of	of	ADP
ajeer-242	64	10	inflation	inflation	NOUN
ajeer-242	64	11	targeting	target	VERB
ajeer-242	64	12	since	since	SCONJ
ajeer-242	64	13	its	its	PRON
ajeer-242	64	14	adoption	adoption	NOUN
ajeer-242	64	15	in	in	ADP
ajeer-242	64	16	the	the	DET
ajeer-242	64	17	following	follow	VERB
ajeer-242	64	18	way	way	NOUN
ajeer-242	64	19	(	(	PUNCT
ajeer-242	64	20	the	the	DET
ajeer-242	64	21	process	process	NOUN
ajeer-242	64	22	is	be	AUX
ajeer-242	64	23	displayed	display	VERB
ajeer-242	64	24	in	in	ADP
ajeer-242	64	25	figure	figure	NOUN
ajeer-242	64	26	1	1	NUM
ajeer-242	64	27	)	)	PUNCT
ajeer-242	64	28	.	.	PUNCT
ajeer-242	65	1	at	at	ADP
ajeer-242	65	2	the	the	DET
ajeer-242	65	3	initial	initial	ADJ
ajeer-242	65	4	stage	stage	NOUN
ajeer-242	65	5	from	from	ADP
ajeer-242	65	6	may	may	PROPN
ajeer-242	65	7	2000	2000	NUM
ajeer-242	65	8	to	to	ADP
ajeer-242	65	9	august	august	PROPN
ajeer-242	65	10	2009	2009	NUM
ajeer-242	65	11	,	,	PUNCT
ajeer-242	65	12	the	the	DET
ajeer-242	65	13	core	core	NOUN
ajeer-242	65	14	-	-	PUNCT
ajeer-242	65	15	inflation	inflation	NOUN
ajeer-242	65	16	targetrange	targetrange	NOUN
ajeer-242	65	17	at	at	ADP
ajeer-242	65	18	between	between	ADP
ajeer-242	65	19	0.0	0.0	NUM
ajeer-242	65	20	-	-	SYM
ajeer-242	65	21	3.5	3.5	NUM
ajeer-242	65	22	percent	percent	NOUN
ajeer-242	65	23	was	be	AUX
ajeer-242	65	24	set	set	VERB
ajeer-242	65	25	based	base	VERB
ajeer-242	65	26	on	on	ADP
ajeer-242	65	27	the	the	DET
ajeer-242	65	28	income	income	NOUN
ajeer-242	65	29	ability	ability	NOUN
ajeer-242	65	30	of	of	ADP
ajeer-242	65	31	various	various	ADJ
ajeer-242	65	32	groups	group	NOUN
ajeer-242	65	33	of	of	ADP
ajeer-242	65	34	people	people	NOUN
ajeer-242	65	35	and	and	CCONJ
ajeer-242	65	36	on	on	ADP
ajeer-242	65	37	the	the	DET
ajeer-242	65	38	consistency	consistency	NOUN
ajeer-242	65	39	with	with	ADP
ajeer-242	65	40	inflation	inflation	NOUN
ajeer-242	65	41	of	of	ADP
ajeer-242	65	42	thailand	thailand	PROPN
ajeer-242	65	43	’s	’s	PART
ajeer-242	65	44	trading	trading	NOUN
ajeer-242	65	45	partners	partner	NOUN
ajeer-242	65	46	for	for	ADP
ajeer-242	65	47	keeping	keep	VERB
ajeer-242	65	48	price	price	NOUN
ajeer-242	65	49	competitiveness	competitiveness	NOUN
ajeer-242	65	50	.	.	PUNCT
ajeer-242	66	1	the	the	DET
ajeer-242	66	2	“	"	PUNCT
ajeer-242	66	3	core	core	NOUN
ajeer-242	66	4	”	"	PUNCT
ajeer-242	66	5	inflation	inflation	NOUN
ajeer-242	66	6	is	be	AUX
ajeer-242	66	7	expressed	express	VERB
ajeer-242	66	8	by	by	ADP
ajeer-242	66	9	the	the	DET
ajeer-242	66	10	year	year	NOUN
ajeer-242	66	11	-	-	PUNCT
ajeer-242	66	12	on	on	ADP
ajeer-242	66	13	-	-	PUNCT
ajeer-242	66	14	year	year	NOUN
ajeer-242	66	15	percentage	percentage	NOUN
ajeer-242	66	16	change	change	NOUN
ajeer-242	66	17	in	in	ADP
ajeer-242	66	18	the	the	DET
ajeer-242	66	19	consumer	consumer	NOUN
ajeer-242	66	20	price	price	NOUN
ajeer-242	66	21	index	index	NOUN
ajeer-242	66	22	(	(	PUNCT
ajeer-242	66	23	cpi	cpi	PROPN
ajeer-242	66	24	)	)	PUNCT
ajeer-242	66	25	that	that	PRON
ajeer-242	66	26	excludes	exclude	VERB
ajeer-242	66	27	fresh	fresh	ADJ
ajeer-242	66	28	food	food	NOUN
ajeer-242	66	29	and	and	CCONJ
ajeer-242	66	30	energy	energy	NOUN
ajeer-242	66	31	prices	price	NOUN
ajeer-242	66	32	.	.	PUNCT
ajeer-242	67	1	the	the	DET
ajeer-242	67	2	rationale	rationale	NOUN
ajeer-242	67	3	for	for	ADP
ajeer-242	67	4	excluding	exclude	VERB
ajeer-242	67	5	these	these	DET
ajeer-242	67	6	prices	price	NOUN
ajeer-242	67	7	is	be	AUX
ajeer-242	67	8	that	that	SCONJ
ajeer-242	67	9	they	they	PRON
ajeer-242	67	10	are	be	AUX
ajeer-242	67	11	highly	highly	ADV
ajeer-242	67	12	volatile	volatile	ADJ
ajeer-242	67	13	in	in	ADP
ajeer-242	67	14	the	the	DET
ajeer-242	67	15	short	short	ADJ
ajeer-242	67	16	run	run	NOUN
ajeer-242	67	17	as	as	ADP
ajeer-242	67	18	a	a	DET
ajeer-242	67	19	result	result	NOUN
ajeer-242	67	20	of	of	ADP
ajeer-242	67	21	factors	factor	NOUN
ajeer-242	67	22	beyond	beyond	ADP
ajeer-242	67	23	the	the	DET
ajeer-242	67	24	control	control	NOUN
ajeer-242	67	25	of	of	ADP
ajeer-242	67	26	monetary	monetary	ADJ
ajeer-242	67	27	policy	policy	NOUN
ajeer-242	67	28	.	.	PUNCT
ajeer-242	68	1	the	the	DET
ajeer-242	68	2	range	range	NOUN
ajeer-242	68	3	target	target	NOUN
ajeer-242	68	4	helps	help	VERB
ajeer-242	68	5	cushion	cushion	VERB
ajeer-242	68	6	temporary	temporary	ADJ
ajeer-242	68	7	economic	economic	ADJ
ajeer-242	68	8	shocks	shock	NOUN
ajeer-242	68	9	and	and	CCONJ
ajeer-242	68	10	minimize	minimize	VERB
ajeer-242	68	11	the	the	DET
ajeer-242	68	12	need	need	NOUN
ajeer-242	68	13	for	for	ADP
ajeer-242	68	14	the	the	DET
ajeer-242	68	15	authority	authority	NOUN
ajeer-242	68	16	to	to	PART
ajeer-242	68	17	adjust	adjust	VERB
ajeer-242	68	18	monetary	monetary	ADJ
ajeer-242	68	19	policy	policy	NOUN
ajeer-242	68	20	stances	stance	NOUN
ajeer-242	68	21	frequently	frequently	ADV
ajeer-242	68	22	.	.	PUNCT
ajeer-242	69	1	the	the	DET
ajeer-242	69	2	core	core	ADJ
ajeer-242	69	3	inflation	inflation	NOUN
ajeer-242	69	4	rate	rate	NOUN
ajeer-242	69	5	had	have	AUX
ajeer-242	69	6	been	be	AUX
ajeer-242	69	7	assessed	assess	VERB
ajeer-242	69	8	by	by	ADP
ajeer-242	69	9	not	not	PART
ajeer-242	69	10	monthly	monthly	ADJ
ajeer-242	69	11	but	but	CCONJ
ajeer-242	69	12	quarterly	quarterly	ADJ
ajeer-242	69	13	average	average	ADJ
ajeer-242	69	14	to	to	PART
ajeer-242	69	15	avoid	avoid	VERB
ajeer-242	69	16	the	the	DET
ajeer-242	69	17	indicator	indicator	NOUN
ajeer-242	69	18	’s	’s	PART
ajeer-242	69	19	volatility	volatility	NOUN
ajeer-242	69	20	.	.	PUNCT
ajeer-242	70	1	figure-1	figure-1	NOUN
ajeer-242	70	2	.	.	PUNCT
ajeer-242	71	1	progress	progress	NOUN
ajeer-242	71	2	in	in	ADP
ajeer-242	71	3	inflation	inflation	NOUN
ajeer-242	71	4	targeting	target	VERB
ajeer-242	71	5	framework	framework	NOUN
ajeer-242	71	6	source	source	NOUN
ajeer-242	71	7	:	:	PUNCT
ajeer-242	71	8	author	author	NOUN
ajeer-242	71	9	’s	’s	PART
ajeer-242	71	10	description	description	NOUN
ajeer-242	71	11	based	base	VERB
ajeer-242	71	12	on	on	ADP
ajeer-242	71	13	the	the	DET
ajeer-242	71	14	website	website	NOUN
ajeer-242	71	15	of	of	ADP
ajeer-242	71	16	the	the	DET
ajeer-242	71	17	bank	bank	PROPN
ajeer-242	71	18	of	of	ADP
ajeer-242	71	19	thailand	thailand	PROPN
ajeer-242	71	20	the	the	DET
ajeer-242	71	21	second	second	ADJ
ajeer-242	71	22	stage	stage	NOUN
ajeer-242	71	23	from	from	ADP
ajeer-242	71	24	september	september	PROPN
ajeer-242	71	25	2009	2009	NUM
ajeer-242	71	26	to	to	ADP
ajeer-242	71	27	january	january	PROPN
ajeer-242	71	28	2015	2015	NUM
ajeer-242	71	29	narrowed	narrow	VERB
ajeer-242	71	30	the	the	DET
ajeer-242	71	31	target	target	NOUN
ajeer-242	71	32	range	range	NOUN
ajeer-242	71	33	from	from	ADP
ajeer-242	71	34	0.0	0.0	NUM
ajeer-242	71	35	-	-	SYM
ajeer-242	71	36	3.5	3.5	NUM
ajeer-242	71	37	percent	percent	NOUN
ajeer-242	71	38	to	to	ADP
ajeer-242	71	39	0.53.0	0.53.0	NUM
ajeer-242	71	40	percent	percent	NOUN
ajeer-242	71	41	.	.	PUNCT
ajeer-242	72	1	the	the	DET
ajeer-242	72	2	lower	lower	ADV
ajeer-242	72	3	bound	bind	VERB
ajeer-242	72	4	of	of	ADP
ajeer-242	72	5	the	the	DET
ajeer-242	72	6	range	range	NOUN
ajeer-242	72	7	was	be	AUX
ajeer-242	72	8	adjusted	adjust	VERB
ajeer-242	72	9	upwards	upwards	ADV
ajeer-242	72	10	by	by	ADP
ajeer-242	72	11	0.5	0.5	NUM
ajeer-242	72	12	percent	percent	NOUN
ajeer-242	72	13	to	to	PART
ajeer-242	72	14	reduce	reduce	VERB
ajeer-242	72	15	the	the	DET
ajeer-242	72	16	probability	probability	NOUN
ajeer-242	72	17	of	of	ADP
ajeer-242	72	18	deflation	deflation	NOUN
ajeer-242	72	19	,	,	PUNCT
ajeer-242	72	20	while	while	SCONJ
ajeer-242	72	21	the	the	DET
ajeer-242	72	22	upper	upper	ADJ
ajeer-242	72	23	bound	bind	VERB
ajeer-242	72	24	was	be	AUX
ajeer-242	72	25	lowered	lower	VERB
ajeer-242	72	26	by	by	ADP
ajeer-242	72	27	the	the	DET
ajeer-242	72	28	same	same	ADJ
ajeer-242	72	29	amount	amount	NOUN
ajeer-242	72	30	to	to	PART
ajeer-242	72	31	signal	signal	VERB
ajeer-242	72	32	no	no	DET
ajeer-242	72	33	change	change	NOUN
ajeer-242	72	34	in	in	ADP
ajeer-242	72	35	the	the	DET
ajeer-242	72	36	overall	overall	ADJ
ajeer-242	72	37	monetary	monetary	ADJ
ajeer-242	72	38	policy	policy	NOUN
ajeer-242	72	39	stance	stance	NOUN
ajeer-242	72	40	.	.	PUNCT
ajeer-242	73	1	at	at	ADP
ajeer-242	73	2	the	the	DET
ajeer-242	73	3	current	current	ADJ
ajeer-242	73	4	phase	phase	NOUN
ajeer-242	73	5	from	from	ADP
ajeer-242	73	6	january	january	PROPN
ajeer-242	73	7	2015	2015	NUM
ajeer-242	73	8	to	to	PART
ajeer-242	73	9	present	present	ADJ
ajeer-242	73	10	,	,	PUNCT
ajeer-242	73	11	the	the	DET
ajeer-242	73	12	new	new	ADJ
ajeer-242	73	13	target	target	NOUN
ajeer-242	73	14	has	have	AUX
ajeer-242	73	15	been	be	AUX
ajeer-242	73	16	set	set	VERB
ajeer-242	73	17	for	for	ADP
ajeer-242	73	18	the	the	DET
ajeer-242	73	19	annual	annual	ADJ
ajeer-242	73	20	average	average	NOUN
ajeer-242	73	21	of	of	ADP
ajeer-242	73	22	headline	headline	NOUN
ajeer-242	73	23	inflation	inflation	NOUN
ajeer-242	73	24	to	to	PART
ajeer-242	73	25	be	be	AUX
ajeer-242	73	26	at	at	ADP
ajeer-242	73	27	2.5	2.5	NUM
ajeer-242	73	28	percent	percent	NOUN
ajeer-242	73	29	with	with	ADP
ajeer-242	73	30	a	a	DET
ajeer-242	73	31	tolerance	tolerance	NOUN
ajeer-242	73	32	band	band	NOUN
ajeer-242	73	33	of	of	ADP
ajeer-242	73	34	±	±	NUM
ajeer-242	73	35	1.5	1.5	NUM
ajeer-242	73	36	percent	percent	NOUN
ajeer-242	73	37	.	.	PUNCT
ajeer-242	74	1	the	the	DET
ajeer-242	74	2	rationale	rationale	NOUN
ajeer-242	74	3	of	of	ADP
ajeer-242	74	4	adopting	adopt	VERB
ajeer-242	74	5	“	"	PUNCT
ajeer-242	74	6	headline	headline	NOUN
ajeer-242	74	7	”	"	PUNCT
ajeer-242	74	8	inflation	inflation	NOUN
ajeer-242	74	9	instead	instead	ADV
ajeer-242	74	10	of	of	ADP
ajeer-242	74	11	“	"	PUNCT
ajeer-242	74	12	core	core	NOUN
ajeer-242	74	13	”	"	PUNCT
ajeer-242	74	14	inflation	inflation	NOUN
ajeer-242	74	15	is	be	AUX
ajeer-242	74	16	that	that	SCONJ
ajeer-242	74	17	the	the	DET
ajeer-242	74	18	headline	headline	NOUN
ajeer-242	74	19	inflation	inflation	NOUN
ajeer-242	74	20	is	be	AUX
ajeer-242	74	21	better	well	ADJ
ajeer-242	74	22	in	in	ADP
ajeer-242	74	23	reflecting	reflect	VERB
ajeer-242	74	24	more	more	ADV
ajeer-242	74	25	accurately	accurately	ADV
ajeer-242	74	26	the	the	DET
ajeer-242	74	27	change	change	NOUN
ajeer-242	74	28	in	in	ADP
ajeer-242	74	29	the	the	DET
ajeer-242	74	30	cost	cost	NOUN
ajeer-242	74	31	of	of	ADP
ajeer-242	74	32	living	living	NOUN
ajeer-242	74	33	,	,	PUNCT
ajeer-242	74	34	since	since	SCONJ
ajeer-242	74	35	it	it	PRON
ajeer-242	74	36	captures	capture	VERB
ajeer-242	74	37	changes	change	NOUN
ajeer-242	74	38	in	in	ADP
ajeer-242	74	39	prices	price	NOUN
ajeer-242	74	40	of	of	ADP
ajeer-242	74	41	all	all	DET
ajeer-242	74	42	goods	good	NOUN
ajeer-242	74	43	and	and	CCONJ
ajeer-242	74	44	services	service	NOUN
ajeer-242	74	45	in	in	ADP
ajeer-242	74	46	the	the	DET
ajeer-242	74	47	cpi	cpi	PROPN
ajeer-242	74	48	basket	basket	NOUN
ajeer-242	74	49	.	.	PUNCT
ajeer-242	75	1	changing	change	VERB
ajeer-242	75	2	from	from	ADP
ajeer-242	75	3	the	the	DET
ajeer-242	75	4	target	target	NOUN
ajeer-242	75	5	range	range	NOUN
ajeer-242	75	6	of	of	ADP
ajeer-242	75	7	0.5	0.5	NUM
ajeer-242	75	8	-	-	SYM
ajeer-242	75	9	3.0	3.0	NUM
ajeer-242	75	10	percent	percent	NOUN
ajeer-242	75	11	to	to	PART
ajeer-242	75	12	point	point	NOUN
ajeer-242	75	13	target	target	NOUN
ajeer-242	75	14	at	at	ADP
ajeer-242	75	15	2.5	2.5	NUM
ajeer-242	75	16	percent	percent	NOUN
ajeer-242	75	17	with	with	ADP
ajeer-242	75	18	a	a	DET
ajeer-242	75	19	band	band	NOUN
ajeer-242	75	20	of	of	ADP
ajeer-242	75	21	±	±	NUM
ajeer-242	75	22	1.5	1.5	NUM
ajeer-242	75	23	percent	percent	NOUN
ajeer-242	75	24	gives	give	VERB
ajeer-242	75	25	a	a	DET
ajeer-242	75	26	clearer	clear	ADJ
ajeer-242	75	27	policy	policy	NOUN
ajeer-242	75	28	signal	signal	NOUN
ajeer-242	75	29	to	to	ADP
ajeer-242	75	30	the	the	DET
ajeer-242	75	31	public	public	NOUN
ajeer-242	75	32	.	.	PUNCT
ajeer-242	76	1	the	the	DET
ajeer-242	76	2	point	point	NOUN
ajeer-242	76	3	target	target	NOUN
ajeer-242	76	4	helps	help	VERB
ajeer-242	76	5	anchor	anchor	NOUN
ajeer-242	76	6	long	long	ADJ
ajeer-242	76	7	term	term	NOUN
ajeer-242	76	8	inflation	inflation	NOUN
ajeer-242	76	9	expectation	expectation	NOUN
ajeer-242	76	10	more	more	ADV
ajeer-242	76	11	effectively	effectively	ADV
ajeer-242	76	12	,	,	PUNCT
ajeer-242	76	13	while	while	SCONJ
ajeer-242	76	14	the	the	DET
ajeer-242	76	15	tolerate	tolerate	NOUN
ajeer-242	76	16	band	band	NOUN
ajeer-242	76	17	provides	provide	VERB
ajeer-242	76	18	some	some	DET
ajeer-242	76	19	flexibility	flexibility	NOUN
ajeer-242	76	20	to	to	PART
ajeer-242	76	21	absorb	absorb	VERB
ajeer-242	76	22	temporary	temporary	ADJ
ajeer-242	76	23	shocks	shock	NOUN
ajeer-242	76	24	.	.	PUNCT
ajeer-242	77	1	giving	give	VERB
ajeer-242	77	2	the	the	DET
ajeer-242	77	3	forward	forward	ADV
ajeer-242	77	4	-	-	PUNCT
ajeer-242	77	5	looking	look	VERB
ajeer-242	77	6	nature	nature	NOUN
ajeer-242	77	7	of	of	ADP
ajeer-242	77	8	monetary	monetary	ADJ
ajeer-242	77	9	2	2	NUM
ajeer-242	77	10	the	the	DET
ajeer-242	77	11	description	description	NOUN
ajeer-242	77	12	of	of	ADP
ajeer-242	77	13	this	this	DET
ajeer-242	77	14	section	section	NOUN
ajeer-242	77	15	is	be	AUX
ajeer-242	77	16	based	base	VERB
ajeer-242	77	17	on	on	ADP
ajeer-242	77	18	the	the	DET
ajeer-242	77	19	website	website	NOUN
ajeer-242	77	20	of	of	ADP
ajeer-242	77	21	the	the	DET
ajeer-242	77	22	bank	bank	PROPN
ajeer-242	77	23	of	of	ADP
ajeer-242	77	24	thailand	thailand	PROPN
ajeer-242	77	25	.	.	PUNCT
ajeer-242	78	1	see	see	VERB
ajeer-242	78	2	:	:	PUNCT
ajeer-242	78	3	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/default.aspx	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/default.aspx	NOUN
ajeer-242	78	4	asian	asian	PROPN
ajeer-242	78	5	journal	journal	PROPN
ajeer-242	78	6	of	of	ADP
ajeer-242	78	7	economics	economic	NOUN
ajeer-242	78	8	and	and	CCONJ
ajeer-242	78	9	empirical	empirical	ADJ
ajeer-242	78	10	research	research	NOUN
ajeer-242	78	11	,	,	PUNCT
ajeer-242	78	12	2018	2018	NUM
ajeer-242	78	13	,	,	PUNCT
ajeer-242	78	14	5(1	5(1	NUM
ajeer-242	78	15	):	):	PUNCT
ajeer-242	78	16	19	19	NUM
ajeer-242	78	17	-	-	SYM
ajeer-242	78	18	28	28	NUM
ajeer-242	78	19	22	22	NUM
ajeer-242	78	20	policy	policy	NOUN
ajeer-242	78	21	,	,	PUNCT
ajeer-242	78	22	the	the	DET
ajeer-242	78	23	time	time	NOUN
ajeer-242	78	24	horizon	horizon	NOUN
ajeer-242	78	25	for	for	ADP
ajeer-242	78	26	targeting	targeting	NOUN
ajeer-242	78	27	has	have	AUX
ajeer-242	78	28	expanded	expand	VERB
ajeer-242	78	29	from	from	ADP
ajeer-242	78	30	quarterly	quarterly	ADV
ajeer-242	78	31	to	to	ADP
ajeer-242	78	32	annual	annual	ADJ
ajeer-242	78	33	average	average	NOUN
ajeer-242	78	34	which	which	PRON
ajeer-242	78	35	is	be	AUX
ajeer-242	78	36	better	well	ADV
ajeer-242	78	37	attuned	attuned	ADJ
ajeer-242	78	38	with	with	ADP
ajeer-242	78	39	the	the	DET
ajeer-242	78	40	1	1	NUM
ajeer-242	78	41	-	-	SYM
ajeer-242	78	42	2	2	NUM
ajeer-242	78	43	year	year	NOUN
ajeer-242	78	44	time	time	NOUN
ajeer-242	78	45	lag	lag	VERB
ajeer-242	78	46	before	before	SCONJ
ajeer-242	78	47	the	the	DET
ajeer-242	78	48	monetary	monetary	ADJ
ajeer-242	78	49	policy	policy	NOUN
ajeer-242	78	50	gains	gain	VERB
ajeer-242	78	51	its	its	PRON
ajeer-242	78	52	policy	policy	NOUN
ajeer-242	78	53	impact	impact	NOUN
ajeer-242	78	54	on	on	ADP
ajeer-242	78	55	the	the	DET
ajeer-242	78	56	economy	economy	NOUN
ajeer-242	78	57	.	.	PUNCT
ajeer-242	79	1	3	3	X
ajeer-242	79	2	.	.	X
ajeer-242	79	3	literature	literature	NOUN
ajeer-242	79	4	review	review	PROPN
ajeer-242	79	5	and	and	CCONJ
ajeer-242	79	6	contributions	contribution	NOUN
ajeer-242	79	7	this	this	DET
ajeer-242	79	8	section	section	NOUN
ajeer-242	79	9	reviews	review	VERB
ajeer-242	79	10	previous	previous	ADJ
ajeer-242	79	11	studies	study	NOUN
ajeer-242	79	12	on	on	ADP
ajeer-242	79	13	the	the	DET
ajeer-242	79	14	assessment	assessment	NOUN
ajeer-242	79	15	of	of	ADP
ajeer-242	79	16	thailand	thailand	PROPN
ajeer-242	79	17	monetary	monetary	ADJ
ajeer-242	79	18	policy	policy	NOUN
ajeer-242	79	19	and	and	CCONJ
ajeer-242	79	20	clarifies	clarify	VERB
ajeer-242	79	21	this	this	DET
ajeer-242	79	22	paper	paper	NOUN
ajeer-242	79	23	’s	’s	PART
ajeer-242	79	24	contributions	contribution	NOUN
ajeer-242	79	25	.	.	PUNCT
ajeer-242	80	1	we	we	PRON
ajeer-242	80	2	confine	confine	VERB
ajeer-242	80	3	the	the	DET
ajeer-242	80	4	reviews	review	NOUN
ajeer-242	80	5	to	to	ADP
ajeer-242	80	6	the	the	DET
ajeer-242	80	7	empirical	empirical	ADJ
ajeer-242	80	8	studies	study	NOUN
ajeer-242	80	9	with	with	ADP
ajeer-242	80	10	the	the	DET
ajeer-242	80	11	sample	sample	NOUN
ajeer-242	80	12	data	datum	NOUN
ajeer-242	80	13	covering	cover	VERB
ajeer-242	80	14	the	the	DET
ajeer-242	80	15	period	period	NOUN
ajeer-242	80	16	after	after	ADP
ajeer-242	80	17	2005	2005	NUM
ajeer-242	80	18	,	,	PUNCT
ajeer-242	80	19	namely	namely	ADV
ajeer-242	80	20	the	the	DET
ajeer-242	80	21	period	period	NOUN
ajeer-242	80	22	enough	enough	ADV
ajeer-242	80	23	to	to	PART
ajeer-242	80	24	assess	assess	VERB
ajeer-242	80	25	the	the	DET
ajeer-242	80	26	inflation	inflation	NOUN
ajeer-242	80	27	targeting	target	VERB
ajeer-242	80	28	of	of	ADP
ajeer-242	80	29	thailand	thailand	PROPN
ajeer-242	80	30	that	that	PRON
ajeer-242	80	31	was	be	AUX
ajeer-242	80	32	initiated	initiate	VERB
ajeer-242	80	33	in	in	ADP
ajeer-242	80	34	may	may	PROPN
ajeer-242	80	35	2000	2000	NUM
ajeer-242	80	36	.	.	PUNCT
ajeer-242	81	1	the	the	DET
ajeer-242	81	2	number	number	NOUN
ajeer-242	81	3	of	of	ADP
ajeer-242	81	4	the	the	DET
ajeer-242	81	5	reviewed	review	VERB
ajeer-242	81	6	articles	article	NOUN
ajeer-242	81	7	would	would	AUX
ajeer-242	81	8	,	,	PUNCT
ajeer-242	81	9	therefore	therefore	ADV
ajeer-242	81	10	,	,	PUNCT
ajeer-242	81	11	be	be	AUX
ajeer-242	81	12	quite	quite	ADV
ajeer-242	81	13	limited	limited	ADJ
ajeer-242	81	14	.	.	PUNCT
ajeer-242	82	1	the	the	DET
ajeer-242	82	2	literature	literature	NOUN
ajeer-242	82	3	can	can	AUX
ajeer-242	82	4	be	be	AUX
ajeer-242	82	5	classified	classify	VERB
ajeer-242	82	6	into	into	ADP
ajeer-242	82	7	the	the	DET
ajeer-242	82	8	studies	study	NOUN
ajeer-242	82	9	of	of	ADP
ajeer-242	82	10	monetary	monetary	ADJ
ajeer-242	82	11	policy	policy	NOUN
ajeer-242	82	12	rule	rule	NOUN
ajeer-242	82	13	and	and	CCONJ
ajeer-242	82	14	those	those	PRON
ajeer-242	82	15	of	of	ADP
ajeer-242	82	16	policy	policy	NOUN
ajeer-242	82	17	transmission	transmission	NOUN
ajeer-242	82	18	effect	effect	NOUN
ajeer-242	82	19	on	on	ADP
ajeer-242	82	20	inflation	inflation	NOUN
ajeer-242	82	21	.	.	PUNCT
ajeer-242	83	1	regarding	regard	VERB
ajeer-242	83	2	the	the	DET
ajeer-242	83	3	literature	literature	NOUN
ajeer-242	83	4	on	on	ADP
ajeer-242	83	5	monetary	monetary	ADJ
ajeer-242	83	6	policy	policy	NOUN
ajeer-242	83	7	rule	rule	NOUN
ajeer-242	83	8	in	in	ADP
ajeer-242	83	9	thailand	thailand	PROPN
ajeer-242	83	10	,	,	PUNCT
ajeer-242	83	11	hsing	hsing	PROPN
ajeer-242	83	12	(	(	PUNCT
ajeer-242	83	13	2009	2009	NUM
ajeer-242	83	14	)	)	PUNCT
ajeer-242	83	15	simply	simply	ADV
ajeer-242	83	16	estimated	estimate	VERB
ajeer-242	83	17	monetary	monetary	ADJ
ajeer-242	83	18	policy	policy	NOUN
ajeer-242	83	19	reaction	reaction	NOUN
ajeer-242	83	20	functions	function	NOUN
ajeer-242	83	21	for	for	ADP
ajeer-242	83	22	thailand	thailand	PROPN
ajeer-242	83	23	with	with	ADP
ajeer-242	83	24	the	the	DET
ajeer-242	83	25	sample	sample	NOUN
ajeer-242	83	26	period	period	NOUN
ajeer-242	83	27	from	from	ADP
ajeer-242	83	28	the	the	DET
ajeer-242	83	29	first	first	ADJ
ajeer-242	83	30	quarter	quarter	NOUN
ajeer-242	83	31	of	of	ADP
ajeer-242	83	32	1993	1993	NUM
ajeer-242	83	33	to	to	ADP
ajeer-242	83	34	the	the	DET
ajeer-242	83	35	second	second	ADJ
ajeer-242	83	36	quarter	quarter	NOUN
ajeer-242	83	37	of	of	ADP
ajeer-242	83	38	2007	2007	NUM
ajeer-242	83	39	as	as	ADV
ajeer-242	83	40	well	well	ADV
ajeer-242	83	41	as	as	ADP
ajeer-242	83	42	for	for	ADP
ajeer-242	83	43	indonesia	indonesia	PROPN
ajeer-242	83	44	,	,	PUNCT
ajeer-242	83	45	malaysia	malaysia	PROPN
ajeer-242	83	46	and	and	CCONJ
ajeer-242	83	47	the	the	DET
ajeer-242	83	48	philippines	philippine	NOUN
ajeer-242	83	49	,	,	PUNCT
ajeer-242	83	50	and	and	CCONJ
ajeer-242	83	51	verified	verify	VERB
ajeer-242	83	52	the	the	DET
ajeer-242	83	53	existence	existence	NOUN
ajeer-242	83	54	of	of	ADP
ajeer-242	83	55	inflation	inflation	NOUN
ajeer-242	83	56	-	-	PUNCT
ajeer-242	83	57	responsive	responsive	ADJ
ajeer-242	83	58	rule	rule	NOUN
ajeer-242	83	59	in	in	ADP
ajeer-242	83	60	the	the	DET
ajeer-242	83	61	contemporaneous	contemporaneous	ADJ
ajeer-242	83	62	manner	manner	NOUN
ajeer-242	83	63	.	.	PUNCT
ajeer-242	84	1	this	this	DET
ajeer-242	84	2	study	study	NOUN
ajeer-242	84	3	,	,	PUNCT
ajeer-242	84	4	however	however	ADV
ajeer-242	84	5	,	,	PUNCT
ajeer-242	84	6	focused	focus	VERB
ajeer-242	84	7	only	only	ADV
ajeer-242	84	8	on	on	ADP
ajeer-242	84	9	the	the	DET
ajeer-242	84	10	comparison	comparison	NOUN
ajeer-242	84	11	of	of	ADP
ajeer-242	84	12	rules	rule	NOUN
ajeer-242	84	13	among	among	ADP
ajeer-242	84	14	four	four	NUM
ajeer-242	84	15	economies	economy	NOUN
ajeer-242	84	16	above	above	ADV
ajeer-242	84	17	,	,	PUNCT
ajeer-242	84	18	and	and	CCONJ
ajeer-242	84	19	did	do	AUX
ajeer-242	84	20	not	not	PART
ajeer-242	84	21	imply	imply	VERB
ajeer-242	84	22	any	any	DET
ajeer-242	84	23	linkage	linkage	NOUN
ajeer-242	84	24	with	with	ADP
ajeer-242	84	25	inflation	inflation	NOUN
ajeer-242	84	26	targeting	target	VERB
ajeer-242	84	27	framework	framework	NOUN
ajeer-242	84	28	.	.	PUNCT
ajeer-242	85	1	taguchi	taguchi	PROPN
ajeer-242	85	2	and	and	CCONJ
ajeer-242	85	3	kato	kato	PROPN
ajeer-242	85	4	(	(	PUNCT
ajeer-242	85	5	2011	2011	NUM
ajeer-242	85	6	)	)	PUNCT
ajeer-242	85	7	tried	try	VERB
ajeer-242	85	8	to	to	PART
ajeer-242	85	9	evaluate	evaluate	VERB
ajeer-242	85	10	the	the	DET
ajeer-242	85	11	inflation	inflation	NOUN
ajeer-242	85	12	targeting	target	VERB
ajeer-242	85	13	implementation	implementation	NOUN
ajeer-242	85	14	for	for	ADP
ajeer-242	85	15	thailand	thailand	PROPN
ajeer-242	85	16	by	by	ADP
ajeer-242	85	17	examining	examine	VERB
ajeer-242	85	18	its	its	PRON
ajeer-242	85	19	monetary	monetary	ADJ
ajeer-242	85	20	policy	policy	NOUN
ajeer-242	85	21	rule	rule	NOUN
ajeer-242	85	22	with	with	ADP
ajeer-242	85	23	the	the	DET
ajeer-242	85	24	sample	sample	NOUN
ajeer-242	85	25	period	period	NOUN
ajeer-242	85	26	from	from	ADP
ajeer-242	85	27	the	the	DET
ajeer-242	85	28	second	second	ADJ
ajeer-242	85	29	quarter	quarter	NOUN
ajeer-242	85	30	of	of	ADP
ajeer-242	85	31	2000	2000	NUM
ajeer-242	85	32	to	to	ADP
ajeer-242	85	33	the	the	DET
ajeer-242	85	34	fourth	fourth	ADJ
ajeer-242	85	35	quarter	quarter	NOUN
ajeer-242	85	36	of	of	ADP
ajeer-242	85	37	2009	2009	NUM
ajeer-242	85	38	,	,	PUNCT
ajeer-242	85	39	together	together	ADV
ajeer-242	85	40	with	with	ADP
ajeer-242	85	41	the	the	DET
ajeer-242	85	42	cases	case	NOUN
ajeer-242	85	43	for	for	ADP
ajeer-242	85	44	indonesia	indonesia	PROPN
ajeer-242	85	45	,	,	PUNCT
ajeer-242	85	46	korea	korea	PROPN
ajeer-242	85	47	and	and	CCONJ
ajeer-242	85	48	the	the	DET
ajeer-242	85	49	philippines	philippine	NOUN
ajeer-242	85	50	.	.	PUNCT
ajeer-242	86	1	by	by	ADP
ajeer-242	86	2	estimating	estimate	VERB
ajeer-242	86	3	a	a	DET
ajeer-242	86	4	policy	policy	NOUN
ajeer-242	86	5	reaction	reaction	NOUN
ajeer-242	86	6	function	function	NOUN
ajeer-242	86	7	,	,	PUNCT
ajeer-242	86	8	the	the	DET
ajeer-242	86	9	study	study	NOUN
ajeer-242	86	10	identified	identify	VERB
ajeer-242	86	11	the	the	DET
ajeer-242	86	12	inflation	inflation	NOUN
ajeer-242	86	13	-	-	PUNCT
ajeer-242	86	14	responsive	responsive	ADJ
ajeer-242	86	15	but	but	CCONJ
ajeer-242	86	16	backwardlooking	backwardlooke	VERB
ajeer-242	86	17	monetary	monetary	ADJ
ajeer-242	86	18	policy	policy	NOUN
ajeer-242	86	19	rule	rule	NOUN
ajeer-242	86	20	for	for	ADP
ajeer-242	86	21	thailand	thailand	PROPN
ajeer-242	86	22	.	.	PUNCT
ajeer-242	87	1	as	as	SCONJ
ajeer-242	87	2	the	the	DET
ajeer-242	87	3	more	more	ADV
ajeer-242	87	4	recent	recent	ADJ
ajeer-242	87	5	study	study	NOUN
ajeer-242	87	6	,	,	PUNCT
ajeer-242	87	7	lueangwilai	lueangwilai	NOUN
ajeer-242	87	8	(	(	PUNCT
ajeer-242	87	9	2012	2012	NUM
ajeer-242	87	10	)	)	PUNCT
ajeer-242	87	11	also	also	ADV
ajeer-242	87	12	analyzed	analyze	VERB
ajeer-242	87	13	monetary	monetary	ADJ
ajeer-242	87	14	policy	policy	NOUN
ajeer-242	87	15	implementation	implementation	NOUN
ajeer-242	87	16	under	under	ADP
ajeer-242	87	17	the	the	DET
ajeer-242	87	18	inflation	inflation	NOUN
ajeer-242	87	19	targeting	target	VERB
ajeer-242	87	20	in	in	ADP
ajeer-242	87	21	thailand	thailand	PROPN
ajeer-242	87	22	during	during	ADP
ajeer-242	87	23	the	the	DET
ajeer-242	87	24	period	period	NOUN
ajeer-242	87	25	from	from	ADP
ajeer-242	87	26	june	june	PROPN
ajeer-242	87	27	2000	2000	NUM
ajeer-242	87	28	to	to	ADP
ajeer-242	87	29	june	june	PROPN
ajeer-242	87	30	2011	2011	NUM
ajeer-242	87	31	,	,	PUNCT
ajeer-242	87	32	by	by	ADP
ajeer-242	87	33	applying	apply	VERB
ajeer-242	87	34	the	the	DET
ajeer-242	87	35	bayesian	bayesian	NOUN
ajeer-242	87	36	maximum	maximum	ADJ
ajeer-242	87	37	likelihood	likelihood	NOUN
ajeer-242	87	38	estimation	estimation	NOUN
ajeer-242	87	39	to	to	ADP
ajeer-242	87	40	a	a	DET
ajeer-242	87	41	small	small	ADJ
ajeer-242	87	42	,	,	PUNCT
ajeer-242	87	43	open	open	ADJ
ajeer-242	87	44	economy	economy	NOUN
ajeer-242	87	45	model	model	NOUN
ajeer-242	87	46	.	.	PUNCT
ajeer-242	88	1	the	the	DET
ajeer-242	88	2	study	study	NOUN
ajeer-242	88	3	considered	consider	VERB
ajeer-242	88	4	exchange	exchange	NOUN
ajeer-242	88	5	rate	rate	NOUN
ajeer-242	88	6	movement	movement	NOUN
ajeer-242	88	7	as	as	ADP
ajeer-242	88	8	a	a	DET
ajeer-242	88	9	determinant	determinant	ADJ
ajeer-242	88	10	factor	factor	NOUN
ajeer-242	88	11	of	of	ADP
ajeer-242	88	12	the	the	DET
ajeer-242	88	13	policy	policy	NOUN
ajeer-242	88	14	rule	rule	NOUN
ajeer-242	88	15	and	and	CCONJ
ajeer-242	88	16	took	take	VERB
ajeer-242	88	17	into	into	ADP
ajeer-242	88	18	account	account	NOUN
ajeer-242	88	19	the	the	DET
ajeer-242	88	20	various	various	ADJ
ajeer-242	88	21	types	type	NOUN
ajeer-242	88	22	of	of	ADP
ajeer-242	88	23	the	the	DET
ajeer-242	88	24	rule	rule	NOUN
ajeer-242	88	25	in	in	ADP
ajeer-242	88	26	the	the	DET
ajeer-242	88	27	time	time	NOUN
ajeer-242	88	28	horizon	horizon	NOUN
ajeer-242	88	29	:	:	PUNCT
ajeer-242	88	30	contemporaneous	contemporaneous	ADJ
ajeer-242	88	31	,	,	PUNCT
ajeer-242	88	32	backward	backward	ADV
ajeer-242	88	33	-	-	PUNCT
ajeer-242	88	34	looking	look	VERB
ajeer-242	88	35	and	and	CCONJ
ajeer-242	88	36	forward	forward	ADV
ajeer-242	88	37	-	-	PUNCT
ajeer-242	88	38	looking	look	VERB
ajeer-242	88	39	.	.	PUNCT
ajeer-242	89	1	its	its	PRON
ajeer-242	89	2	main	main	ADJ
ajeer-242	89	3	finding	finding	NOUN
ajeer-242	89	4	was	be	AUX
ajeer-242	89	5	that	that	SCONJ
ajeer-242	89	6	the	the	DET
ajeer-242	89	7	contemporaneous	contemporaneous	ADJ
ajeer-242	89	8	rule	rule	NOUN
ajeer-242	89	9	responding	respond	VERB
ajeer-242	89	10	to	to	ADP
ajeer-242	89	11	inflation	inflation	NOUN
ajeer-242	89	12	and	and	CCONJ
ajeer-242	89	13	exchange	exchange	NOUN
ajeer-242	89	14	rate	rate	NOUN
ajeer-242	89	15	movement	movement	NOUN
ajeer-242	89	16	well	well	INTJ
ajeer-242	89	17	characterized	characterize	VERB
ajeer-242	89	18	the	the	DET
ajeer-242	89	19	policy	policy	NOUN
ajeer-242	89	20	rate	rate	NOUN
ajeer-242	89	21	set	set	VERB
ajeer-242	89	22	by	by	ADP
ajeer-242	89	23	the	the	DET
ajeer-242	89	24	bank	bank	PROPN
ajeer-242	89	25	of	of	ADP
ajeer-242	89	26	thailand	thailand	PROPN
ajeer-242	89	27	.	.	PUNCT
ajeer-242	90	1	as	as	ADP
ajeer-242	90	2	for	for	ADP
ajeer-242	90	3	the	the	DET
ajeer-242	90	4	studies	study	NOUN
ajeer-242	90	5	of	of	ADP
ajeer-242	90	6	policy	policy	NOUN
ajeer-242	90	7	transmission	transmission	NOUN
ajeer-242	90	8	effect	effect	NOUN
ajeer-242	90	9	on	on	ADP
ajeer-242	90	10	inflation	inflation	NOUN
ajeer-242	90	11	,	,	PUNCT
ajeer-242	90	12	taguchi	taguchi	PROPN
ajeer-242	90	13	and	and	CCONJ
ajeer-242	90	14	kato	kato	PROPN
ajeer-242	90	15	(	(	PUNCT
ajeer-242	90	16	2011	2011	NUM
ajeer-242	90	17	)	)	PUNCT
ajeer-242	90	18	again	again	ADV
ajeer-242	90	19	,	,	PUNCT
ajeer-242	90	20	by	by	ADP
ajeer-242	90	21	confirming	confirm	VERB
ajeer-242	90	22	the	the	DET
ajeer-242	90	23	inflation	inflation	NOUN
ajeer-242	90	24	-	-	PUNCT
ajeer-242	90	25	responsive	responsive	ADJ
ajeer-242	90	26	but	but	CCONJ
ajeer-242	90	27	backward	backward	ADV
ajeer-242	90	28	-	-	PUNCT
ajeer-242	90	29	looking	look	VERB
ajeer-242	90	30	monetary	monetary	ADJ
ajeer-242	90	31	policy	policy	NOUN
ajeer-242	90	32	rule	rule	NOUN
ajeer-242	90	33	under	under	ADP
ajeer-242	90	34	the	the	DET
ajeer-242	90	35	inflation	inflation	NOUN
ajeer-242	90	36	targeting	target	VERB
ajeer-242	90	37	in	in	ADP
ajeer-242	90	38	thailand	thailand	PROPN
ajeer-242	90	39	,	,	PUNCT
ajeer-242	90	40	investigated	investigate	VERB
ajeer-242	90	41	its	its	PRON
ajeer-242	90	42	policy	policy	NOUN
ajeer-242	90	43	effect	effect	NOUN
ajeer-242	90	44	on	on	ADP
ajeer-242	90	45	inflation	inflation	NOUN
ajeer-242	90	46	during	during	ADP
ajeer-242	90	47	the	the	DET
ajeer-242	90	48	same	same	ADJ
ajeer-242	90	49	period	period	NOUN
ajeer-242	90	50	from	from	ADP
ajeer-242	90	51	the	the	DET
ajeer-242	90	52	second	second	ADJ
ajeer-242	90	53	quarter	quarter	NOUN
ajeer-242	90	54	of	of	ADP
ajeer-242	90	55	2000	2000	NUM
ajeer-242	90	56	to	to	ADP
ajeer-242	90	57	the	the	DET
ajeer-242	90	58	fourth	fourth	ADJ
ajeer-242	90	59	quarter	quarter	NOUN
ajeer-242	90	60	of	of	ADP
ajeer-242	90	61	2009	2009	NUM
ajeer-242	90	62	,	,	PUNCT
ajeer-242	90	63	and	and	CCONJ
ajeer-242	90	64	could	could	AUX
ajeer-242	90	65	not	not	PART
ajeer-242	90	66	find	find	VERB
ajeer-242	90	67	any	any	DET
ajeer-242	90	68	significant	significant	ADJ
ajeer-242	90	69	impulse	impulse	ADJ
ajeer-242	90	70	response	response	NOUN
ajeer-242	90	71	of	of	ADP
ajeer-242	90	72	inflation	inflation	NOUN
ajeer-242	90	73	rate	rate	NOUN
ajeer-242	90	74	to	to	ADP
ajeer-242	90	75	a	a	DET
ajeer-242	90	76	monetary	monetary	ADJ
ajeer-242	90	77	policy	policy	NOUN
ajeer-242	90	78	shock	shock	NOUN
ajeer-242	90	79	.	.	PUNCT
ajeer-242	91	1	as	as	ADP
ajeer-242	91	2	the	the	DET
ajeer-242	91	3	more	more	ADV
ajeer-242	91	4	recent	recent	ADJ
ajeer-242	91	5	studies	study	NOUN
ajeer-242	91	6	for	for	ADP
ajeer-242	91	7	thailand	thailand	PROPN
ajeer-242	91	8	,	,	PUNCT
ajeer-242	91	9	phiromswad	phiromswad	NOUN
ajeer-242	91	10	(	(	PUNCT
ajeer-242	91	11	2015	2015	NUM
ajeer-242	91	12	)	)	PUNCT
ajeer-242	91	13	and	and	CCONJ
ajeer-242	91	14	arwatchanakarn	arwatchanakarn	ADJ
ajeer-242	91	15	(	(	PUNCT
ajeer-242	91	16	2017	2017	NUM
ajeer-242	91	17	)	)	PUNCT
ajeer-242	91	18	examined	examine	VERB
ajeer-242	91	19	monetary	monetary	ADJ
ajeer-242	91	20	policy	policy	NOUN
ajeer-242	91	21	transmission	transmission	NOUN
ajeer-242	91	22	mechanism	mechanism	NOUN
ajeer-242	91	23	by	by	ADP
ajeer-242	91	24	using	use	VERB
ajeer-242	91	25	structural	structural	ADJ
ajeer-242	91	26	var	var	NOUN
ajeer-242	91	27	model	model	NOUN
ajeer-242	91	28	,	,	PUNCT
ajeer-242	91	29	and	and	CCONJ
ajeer-242	91	30	found	find	VERB
ajeer-242	91	31	a	a	DET
ajeer-242	91	32	policy	policy	NOUN
ajeer-242	91	33	channel	channel	NOUN
ajeer-242	91	34	to	to	ADP
ajeer-242	91	35	price	price	NOUN
ajeer-242	91	36	level	level	NOUN
ajeer-242	91	37	and	and	CCONJ
ajeer-242	91	38	output	output	NOUN
ajeer-242	91	39	,	,	PUNCT
ajeer-242	91	40	respectively	respectively	ADV
ajeer-242	91	41	.	.	PUNCT
ajeer-242	92	1	since	since	SCONJ
ajeer-242	92	2	the	the	DET
ajeer-242	92	3	sample	sample	NOUN
ajeer-242	92	4	period	period	NOUN
ajeer-242	92	5	of	of	ADP
ajeer-242	92	6	phiromswad	phiromswad	NOUN
ajeer-242	92	7	(	(	PUNCT
ajeer-242	92	8	2015	2015	NUM
ajeer-242	92	9	)	)	PUNCT
ajeer-242	92	10	is	be	AUX
ajeer-242	92	11	from	from	ADP
ajeer-242	92	12	the	the	DET
ajeer-242	92	13	first	first	ADJ
ajeer-242	92	14	quarter	quarter	NOUN
ajeer-242	92	15	of	of	ADP
ajeer-242	92	16	1999	1999	NUM
ajeer-242	92	17	to	to	ADP
ajeer-242	92	18	the	the	DET
ajeer-242	92	19	fourth	fourth	ADJ
ajeer-242	92	20	quarter	quarter	NOUN
ajeer-242	92	21	of	of	ADP
ajeer-242	92	22	2011	2011	NUM
ajeer-242	92	23	and	and	CCONJ
ajeer-242	92	24	the	the	DET
ajeer-242	92	25	one	one	NUM
ajeer-242	92	26	of	of	ADP
ajeer-242	92	27	arwatchanakarn	arwatchanakarn	ADJ
ajeer-242	92	28	(	(	PUNCT
ajeer-242	92	29	2017	2017	NUM
ajeer-242	92	30	)	)	PUNCT
ajeer-242	92	31	is	be	AUX
ajeer-242	92	32	from	from	ADP
ajeer-242	92	33	the	the	DET
ajeer-242	92	34	third	third	ADJ
ajeer-242	92	35	quarter	quarter	NOUN
ajeer-242	92	36	of	of	ADP
ajeer-242	92	37	1997	1997	NUM
ajeer-242	92	38	to	to	ADP
ajeer-242	92	39	the	the	DET
ajeer-242	92	40	fourth	fourth	ADJ
ajeer-242	92	41	quarter	quarter	NOUN
ajeer-242	92	42	of	of	ADP
ajeer-242	92	43	2014	2014	NUM
ajeer-242	92	44	,	,	PUNCT
ajeer-242	92	45	however	however	ADV
ajeer-242	92	46	,	,	PUNCT
ajeer-242	92	47	their	their	PRON
ajeer-242	92	48	studies	study	NOUN
ajeer-242	92	49	are	be	AUX
ajeer-242	92	50	not	not	PART
ajeer-242	92	51	necessarily	necessarily	ADV
ajeer-242	92	52	linked	link	VERB
ajeer-242	92	53	with	with	ADP
ajeer-242	92	54	the	the	DET
ajeer-242	92	55	adoption	adoption	NOUN
ajeer-242	92	56	of	of	ADP
ajeer-242	92	57	inflation	inflation	NOUN
ajeer-242	92	58	targeting	target	VERB
ajeer-242	92	59	framework	framework	NOUN
ajeer-242	92	60	in	in	ADP
ajeer-242	92	61	thailand	thailand	PROPN
ajeer-242	92	62	.	.	PUNCT
ajeer-242	93	1	this	this	DET
ajeer-242	93	2	study	study	NOUN
ajeer-242	93	3	contributes	contribute	VERB
ajeer-242	93	4	to	to	ADP
ajeer-242	93	5	the	the	DET
ajeer-242	93	6	reviewed	review	VERB
ajeer-242	93	7	literature	literature	NOUN
ajeer-242	93	8	above	above	ADV
ajeer-242	93	9	on	on	ADP
ajeer-242	93	10	the	the	DET
ajeer-242	93	11	assessment	assessment	NOUN
ajeer-242	93	12	of	of	ADP
ajeer-242	93	13	thailand	thailand	PROPN
ajeer-242	93	14	monetary	monetary	ADJ
ajeer-242	93	15	policy	policy	NOUN
ajeer-242	93	16	as	as	SCONJ
ajeer-242	93	17	follows	follow	VERB
ajeer-242	93	18	.	.	PUNCT
ajeer-242	94	1	first	first	ADV
ajeer-242	94	2	,	,	PUNCT
ajeer-242	94	3	this	this	DET
ajeer-242	94	4	study	study	NOUN
ajeer-242	94	5	updates	update	VERB
ajeer-242	94	6	the	the	DET
ajeer-242	94	7	assessment	assessment	NOUN
ajeer-242	94	8	of	of	ADP
ajeer-242	94	9	thailand	thailand	PROPN
ajeer-242	94	10	monetary	monetary	ADJ
ajeer-242	94	11	policy	policy	NOUN
ajeer-242	94	12	with	with	ADP
ajeer-242	94	13	a	a	DET
ajeer-242	94	14	focus	focus	NOUN
ajeer-242	94	15	on	on	ADP
ajeer-242	94	16	its	its	PRON
ajeer-242	94	17	inflation	inflation	NOUN
ajeer-242	94	18	targeting	target	VERB
ajeer-242	94	19	by	by	ADP
ajeer-242	94	20	extending	extend	VERB
ajeer-242	94	21	the	the	DET
ajeer-242	94	22	sample	sample	NOUN
ajeer-242	94	23	period	period	NOUN
ajeer-242	94	24	from	from	ADP
ajeer-242	94	25	the	the	DET
ajeer-242	94	26	second	second	ADJ
ajeer-242	94	27	quarter	quarter	NOUN
ajeer-242	94	28	of	of	ADP
ajeer-242	94	29	2000	2000	NUM
ajeer-242	94	30	(	(	PUNCT
ajeer-242	94	31	the	the	DET
ajeer-242	94	32	starting	starting	NOUN
ajeer-242	94	33	time	time	NOUN
ajeer-242	94	34	of	of	ADP
ajeer-242	94	35	inflation	inflation	NOUN
ajeer-242	94	36	targeting	target	VERB
ajeer-242	94	37	)	)	PUNCT
ajeer-242	94	38	to	to	ADP
ajeer-242	94	39	the	the	DET
ajeer-242	94	40	second	second	ADJ
ajeer-242	94	41	quarter	quarter	NOUN
ajeer-242	94	42	of	of	ADP
ajeer-242	94	43	2017	2017	NUM
ajeer-242	94	44	.	.	PUNCT
ajeer-242	95	1	in	in	ADP
ajeer-242	95	2	particular	particular	ADJ
ajeer-242	95	3	,	,	PUNCT
ajeer-242	95	4	covering	cover	VERB
ajeer-242	95	5	the	the	DET
ajeer-242	95	6	period	period	NOUN
ajeer-242	95	7	after	after	ADP
ajeer-242	95	8	2015	2015	NUM
ajeer-242	95	9	as	as	SCONJ
ajeer-242	95	10	the	the	DET
ajeer-242	95	11	analytical	analytical	ADJ
ajeer-242	95	12	sample	sample	NOUN
ajeer-242	95	13	is	be	AUX
ajeer-242	95	14	significant	significant	ADJ
ajeer-242	95	15	enough	enough	ADV
ajeer-242	95	16	to	to	PART
ajeer-242	95	17	evaluate	evaluate	VERB
ajeer-242	95	18	the	the	DET
ajeer-242	95	19	inflation	inflation	NOUN
ajeer-242	95	20	targeting	target	VERB
ajeer-242	95	21	,	,	PUNCT
ajeer-242	95	22	since	since	SCONJ
ajeer-242	95	23	the	the	DET
ajeer-242	95	24	bank	bank	PROPN
ajeer-242	95	25	of	of	ADP
ajeer-242	95	26	thailand	thailand	PROPN
ajeer-242	95	27	transformed	transform	VERB
ajeer-242	95	28	its	its	PRON
ajeer-242	95	29	framework	framework	NOUN
ajeer-242	95	30	in	in	ADP
ajeer-242	95	31	january	january	PROPN
ajeer-242	95	32	2015	2015	NUM
ajeer-242	95	33	from	from	ADP
ajeer-242	95	34	the	the	DET
ajeer-242	95	35	range	range	NOUN
ajeer-242	95	36	target	target	NOUN
ajeer-242	95	37	of	of	ADP
ajeer-242	95	38	0.5	0.5	NUM
ajeer-242	95	39	-	-	SYM
ajeer-242	95	40	3.0	3.0	NUM
ajeer-242	95	41	percent	percent	NOUN
ajeer-242	95	42	to	to	ADP
ajeer-242	95	43	the	the	DET
ajeer-242	95	44	point	point	NOUN
ajeer-242	95	45	target	target	NOUN
ajeer-242	95	46	at	at	ADP
ajeer-242	95	47	2.5	2.5	NUM
ajeer-242	95	48	percent	percent	NOUN
ajeer-242	95	49	with	with	ADP
ajeer-242	95	50	a	a	DET
ajeer-242	95	51	band	band	NOUN
ajeer-242	95	52	of	of	ADP
ajeer-242	95	53	±	±	NUM
ajeer-242	95	54	1.5	1.5	NUM
ajeer-242	95	55	percent	percent	NOUN
ajeer-242	95	56	to	to	PART
ajeer-242	95	57	provide	provide	VERB
ajeer-242	95	58	a	a	DET
ajeer-242	95	59	clearer	clear	ADJ
ajeer-242	95	60	policy	policy	NOUN
ajeer-242	95	61	signal	signal	NOUN
ajeer-242	95	62	to	to	ADP
ajeer-242	95	63	the	the	DET
ajeer-242	95	64	public	public	NOUN
ajeer-242	95	65	as	as	SCONJ
ajeer-242	95	66	mentioned	mention	VERB
ajeer-242	95	67	in	in	ADP
ajeer-242	95	68	section	section	NOUN
ajeer-242	95	69	2	2	NUM
ajeer-242	95	70	.	.	PUNCT
ajeer-242	96	1	any	any	PRON
ajeer-242	96	2	of	of	ADP
ajeer-242	96	3	studies	study	NOUN
ajeer-242	96	4	in	in	ADP
ajeer-242	96	5	the	the	DET
ajeer-242	96	6	aforementioned	aforementioned	ADJ
ajeer-242	96	7	literature	literature	NOUN
ajeer-242	96	8	did	do	AUX
ajeer-242	96	9	not	not	PART
ajeer-242	96	10	cover	cover	VERB
ajeer-242	96	11	this	this	DET
ajeer-242	96	12	critical	critical	ADJ
ajeer-242	96	13	period	period	NOUN
ajeer-242	96	14	for	for	ADP
ajeer-242	96	15	assessing	assess	VERB
ajeer-242	96	16	the	the	DET
ajeer-242	96	17	inflation	inflation	NOUN
ajeer-242	96	18	targeting	target	VERB
ajeer-242	96	19	.	.	PUNCT
ajeer-242	97	1	second	second	ADV
ajeer-242	97	2	,	,	PUNCT
ajeer-242	97	3	this	this	DET
ajeer-242	97	4	study	study	NOUN
ajeer-242	97	5	combines	combine	VERB
ajeer-242	97	6	the	the	DET
ajeer-242	97	7	analysis	analysis	NOUN
ajeer-242	97	8	of	of	ADP
ajeer-242	97	9	monetary	monetary	ADJ
ajeer-242	97	10	policy	policy	NOUN
ajeer-242	97	11	rule	rule	NOUN
ajeer-242	97	12	with	with	ADP
ajeer-242	97	13	the	the	DET
ajeer-242	97	14	one	one	NUM
ajeer-242	97	15	of	of	ADP
ajeer-242	97	16	its	its	PRON
ajeer-242	97	17	transmission	transmission	NOUN
ajeer-242	97	18	effect	effect	NOUN
ajeer-242	97	19	to	to	PART
ajeer-242	97	20	provide	provide	VERB
ajeer-242	97	21	a	a	DET
ajeer-242	97	22	comprehensive	comprehensive	ADJ
ajeer-242	97	23	evaluation	evaluation	NOUN
ajeer-242	97	24	for	for	ADP
ajeer-242	97	25	the	the	DET
ajeer-242	97	26	inflation	inflation	NOUN
ajeer-242	97	27	targeting	target	VERB
ajeer-242	97	28	.	.	PUNCT
ajeer-242	98	1	in	in	ADP
ajeer-242	98	2	the	the	DET
ajeer-242	98	3	reviewed	review	VERB
ajeer-242	98	4	literature	literature	NOUN
ajeer-242	98	5	,	,	PUNCT
ajeer-242	98	6	it	it	PRON
ajeer-242	98	7	was	be	AUX
ajeer-242	98	8	only	only	ADV
ajeer-242	98	9	taguchi	taguchi	PROPN
ajeer-242	98	10	and	and	CCONJ
ajeer-242	98	11	kato	kato	PROPN
ajeer-242	98	12	(	(	PUNCT
ajeer-242	98	13	2011	2011	NUM
ajeer-242	98	14	)	)	PUNCT
ajeer-242	98	15	that	that	PRON
ajeer-242	98	16	combined	combine	VERB
ajeer-242	98	17	two	two	NUM
ajeer-242	98	18	kinds	kind	NOUN
ajeer-242	98	19	of	of	ADP
ajeer-242	98	20	analyses	analysis	NOUN
ajeer-242	98	21	,	,	PUNCT
ajeer-242	98	22	whereas	whereas	SCONJ
ajeer-242	98	23	the	the	DET
ajeer-242	98	24	other	other	ADJ
ajeer-242	98	25	studies	study	NOUN
ajeer-242	98	26	dealt	deal	VERB
ajeer-242	98	27	with	with	ADP
ajeer-242	98	28	them	they	PRON
ajeer-242	98	29	separately	separately	ADV
ajeer-242	98	30	.	.	PUNCT
ajeer-242	99	1	in	in	ADP
ajeer-242	99	2	this	this	DET
ajeer-242	99	3	sense	sense	NOUN
ajeer-242	99	4	,	,	PUNCT
ajeer-242	99	5	the	the	DET
ajeer-242	99	6	major	major	ADJ
ajeer-242	99	7	role	role	NOUN
ajeer-242	99	8	of	of	ADP
ajeer-242	99	9	this	this	DET
ajeer-242	99	10	study	study	NOUN
ajeer-242	99	11	is	be	AUX
ajeer-242	99	12	to	to	PART
ajeer-242	99	13	update	update	VERB
ajeer-242	99	14	(	(	PUNCT
ajeer-242	99	15	taguchi	taguchi	PROPN
ajeer-242	99	16	and	and	CCONJ
ajeer-242	99	17	kato	kato	PROPN
ajeer-242	99	18	,	,	PUNCT
ajeer-242	99	19	2011	2011	NUM
ajeer-242	99	20	)	)	PUNCT
ajeer-242	99	21	by	by	ADP
ajeer-242	99	22	including	include	VERB
ajeer-242	99	23	the	the	DET
ajeer-242	99	24	new	new	ADJ
ajeer-242	99	25	phase	phase	NOUN
ajeer-242	99	26	of	of	ADP
ajeer-242	99	27	the	the	DET
ajeer-242	99	28	inflation	inflation	NOUN
ajeer-242	99	29	targeting	target	VERB
ajeer-242	99	30	in	in	ADP
ajeer-242	99	31	thailand	thailand	PROPN
ajeer-242	99	32	as	as	ADP
ajeer-242	99	33	the	the	DET
ajeer-242	99	34	sample	sample	NOUN
ajeer-242	99	35	period	period	NOUN
ajeer-242	99	36	.	.	PUNCT
ajeer-242	100	1	4	4	X
ajeer-242	100	2	.	.	X
ajeer-242	100	3	empirical	empirical	ADJ
ajeer-242	100	4	analyses	analysis	NOUN
ajeer-242	100	5	this	this	DET
ajeer-242	100	6	section	section	NOUN
ajeer-242	100	7	conducts	conduct	VERB
ajeer-242	100	8	the	the	DET
ajeer-242	100	9	empirical	empirical	ADJ
ajeer-242	100	10	analyses	analysis	NOUN
ajeer-242	100	11	in	in	ADP
ajeer-242	100	12	order	order	NOUN
ajeer-242	100	13	to	to	PART
ajeer-242	100	14	examine	examine	VERB
ajeer-242	100	15	the	the	DET
ajeer-242	100	16	monetary	monetary	ADJ
ajeer-242	100	17	policy	policy	NOUN
ajeer-242	100	18	rule	rule	NOUN
ajeer-242	100	19	and	and	CCONJ
ajeer-242	100	20	its	its	PRON
ajeer-242	100	21	performance	performance	NOUN
ajeer-242	100	22	under	under	ADP
ajeer-242	100	23	inflation	inflation	NOUN
ajeer-242	100	24	targeting	target	VERB
ajeer-242	100	25	framework	framework	NOUN
ajeer-242	100	26	focusing	focus	VERB
ajeer-242	100	27	on	on	ADP
ajeer-242	100	28	thailand	thailand	PROPN
ajeer-242	100	29	.	.	PUNCT
ajeer-242	101	1	for	for	ADP
ajeer-242	101	2	examining	examine	VERB
ajeer-242	101	3	the	the	DET
ajeer-242	101	4	monetary	monetary	ADJ
ajeer-242	101	5	policy	policy	NOUN
ajeer-242	101	6	rule	rule	NOUN
ajeer-242	101	7	,	,	PUNCT
ajeer-242	101	8	the	the	DET
ajeer-242	101	9	study	study	NOUN
ajeer-242	101	10	estimates	estimate	VERB
ajeer-242	101	11	the	the	DET
ajeer-242	101	12	policy	policy	NOUN
ajeer-242	101	13	reaction	reaction	NOUN
ajeer-242	101	14	function	function	VERB
ajeer-242	101	15	to	to	PART
ajeer-242	101	16	see	see	VERB
ajeer-242	101	17	if	if	SCONJ
ajeer-242	101	18	the	the	DET
ajeer-242	101	19	adoption	adoption	NOUN
ajeer-242	101	20	of	of	ADP
ajeer-242	101	21	inflation	inflation	NOUN
ajeer-242	101	22	targeting	target	VERB
ajeer-242	101	23	has	have	AUX
ajeer-242	101	24	been	be	AUX
ajeer-242	101	25	linked	link	VERB
ajeer-242	101	26	with	with	ADP
ajeer-242	101	27	an	an	DET
ajeer-242	101	28	inflationresponsive	inflationresponsive	ADJ
ajeer-242	101	29	monetary	monetary	ADJ
ajeer-242	101	30	policy	policy	NOUN
ajeer-242	101	31	rule	rule	NOUN
ajeer-242	101	32	.	.	PUNCT
ajeer-242	102	1	the	the	DET
ajeer-242	102	2	study	study	NOUN
ajeer-242	102	3	then	then	ADV
ajeer-242	102	4	investigates	investigate	VERB
ajeer-242	102	5	further	far	ADV
ajeer-242	102	6	whether	whether	SCONJ
ajeer-242	102	7	the	the	DET
ajeer-242	102	8	monetary	monetary	ADJ
ajeer-242	102	9	policy	policy	NOUN
ajeer-242	102	10	rule	rule	NOUN
ajeer-242	102	11	would	would	AUX
ajeer-242	102	12	actually	actually	ADV
ajeer-242	102	13	have	have	VERB
ajeer-242	102	14	its	its	PRON
ajeer-242	102	15	transmission	transmission	NOUN
ajeer-242	102	16	effect	effect	NOUN
ajeer-242	102	17	on	on	ADP
ajeer-242	102	18	inflation	inflation	NOUN
ajeer-242	102	19	,	,	PUNCT
ajeer-242	102	20	through	through	ADP
ajeer-242	102	21	tracing	trace	VERB
ajeer-242	102	22	the	the	DET
ajeer-242	102	23	impulse	impulse	ADJ
ajeer-242	102	24	responses	response	NOUN
ajeer-242	102	25	of	of	ADP
ajeer-242	102	26	inflation	inflation	NOUN
ajeer-242	102	27	rate	rate	NOUN
ajeer-242	102	28	to	to	ADP
ajeer-242	102	29	monetary	monetary	ADJ
ajeer-242	102	30	policy	policy	NOUN
ajeer-242	102	31	shocks	shock	NOUN
ajeer-242	102	32	in	in	ADP
ajeer-242	102	33	var	var	NOUN
ajeer-242	102	34	and	and	CCONJ
ajeer-242	102	35	svar	svar	PROPN
ajeer-242	102	36	models	model	NOUN
ajeer-242	102	37	.	.	PUNCT
ajeer-242	103	1	the	the	DET
ajeer-242	103	2	analyses	analysis	NOUN
ajeer-242	103	3	here	here	ADV
ajeer-242	103	4	sample	sample	VERB
ajeer-242	103	5	the	the	DET
ajeer-242	103	6	quarterly	quarterly	ADJ
ajeer-242	103	7	data	datum	NOUN
ajeer-242	103	8	running	run	VERB
ajeer-242	103	9	from	from	ADP
ajeer-242	103	10	the	the	DET
ajeer-242	103	11	second	second	ADJ
ajeer-242	103	12	quarter	quarter	NOUN
ajeer-242	103	13	of	of	ADP
ajeer-242	103	14	2000	2000	NUM
ajeer-242	103	15	to	to	ADP
ajeer-242	103	16	the	the	DET
ajeer-242	103	17	second	second	ADJ
ajeer-242	103	18	quarter	quarter	NOUN
ajeer-242	103	19	of	of	ADP
ajeer-242	103	20	2017	2017	NUM
ajeer-242	103	21	during	during	ADP
ajeer-242	103	22	which	which	PRON
ajeer-242	103	23	the	the	DET
ajeer-242	103	24	bank	bank	NOUN
ajeer-242	103	25	of	of	ADP
ajeer-242	103	26	thailand	thailand	PROPN
ajeer-242	103	27	has	have	AUX
ajeer-242	103	28	operated	operate	VERB
ajeer-242	103	29	the	the	DET
ajeer-242	103	30	inflation	inflation	NOUN
ajeer-242	103	31	targeting	target	VERB
ajeer-242	103	32	and	and	CCONJ
ajeer-242	103	33	has	have	AUX
ajeer-242	103	34	also	also	ADV
ajeer-242	103	35	upgraded	upgrade	VERB
ajeer-242	103	36	it	it	PRON
ajeer-242	103	37	.	.	PUNCT
ajeer-242	104	1	the	the	DET
ajeer-242	104	2	source	source	NOUN
ajeer-242	104	3	of	of	ADP
ajeer-242	104	4	all	all	DET
ajeer-242	104	5	the	the	DET
ajeer-242	104	6	data	datum	NOUN
ajeer-242	104	7	used	use	VERB
ajeer-242	104	8	for	for	ADP
ajeer-242	104	9	the	the	DET
ajeer-242	104	10	subsequent	subsequent	ADJ
ajeer-242	104	11	estimations	estimation	NOUN
ajeer-242	104	12	is	be	AUX
ajeer-242	104	13	the	the	DET
ajeer-242	104	14	international	international	ADJ
ajeer-242	104	15	financial	financial	ADJ
ajeer-242	104	16	statistics	statistic	NOUN
ajeer-242	104	17	(	(	PUNCT
ajeer-242	104	18	ifs	ifs	PROPN
ajeer-242	104	19	)	)	PUNCT
ajeer-242	104	20	of	of	ADP
ajeer-242	104	21	the	the	DET
ajeer-242	104	22	international	international	ADJ
ajeer-242	104	23	monetary	monetary	ADJ
ajeer-242	104	24	fund	fund	NOUN
ajeer-242	104	25	(	(	PUNCT
ajeer-242	104	26	imf).3	imf).3	ADV
ajeer-242	104	27	the	the	DET
ajeer-242	104	28	analytical	analytical	ADJ
ajeer-242	104	29	indicators	indicator	NOUN
ajeer-242	104	30	are	be	AUX
ajeer-242	104	31	selected	select	VERB
ajeer-242	104	32	as	as	SCONJ
ajeer-242	104	33	follows	follow	VERB
ajeer-242	104	34	:	:	PUNCT
ajeer-242	104	35	“	"	PUNCT
ajeer-242	104	36	central	central	ADJ
ajeer-242	104	37	bank	bank	NOUN
ajeer-242	104	38	policy	policy	NOUN
ajeer-242	104	39	rate	rate	NOUN
ajeer-242	104	40	”	"	PUNCT
ajeer-242	104	41	for	for	ADP
ajeer-242	104	42	policy	policy	NOUN
ajeer-242	104	43	interest	interest	NOUN
ajeer-242	104	44	rate	rate	NOUN
ajeer-242	104	45	(	(	PUNCT
ajeer-242	104	46	denoted	denote	VERB
ajeer-242	104	47	by	by	ADP
ajeer-242	104	48	por	por	NOUN
ajeer-242	104	49	)	)	PUNCT
ajeer-242	104	50	;	;	PUNCT
ajeer-242	104	51	“	"	PUNCT
ajeer-242	104	52	consumer	consumer	NOUN
ajeer-242	104	53	prices	price	NOUN
ajeer-242	104	54	index	index	NOUN
ajeer-242	104	55	(	(	PUNCT
ajeer-242	104	56	2010=100	2010=100	NUM
ajeer-242	104	57	)	)	PUNCT
ajeer-242	104	58	”	"	PUNCT
ajeer-242	104	59	for	for	ADP
ajeer-242	104	60	price	price	NOUN
ajeer-242	104	61	index	index	NOUN
ajeer-242	104	62	,	,	PUNCT
ajeer-242	104	63	which	which	PRON
ajeer-242	104	64	is	be	AUX
ajeer-242	104	65	transformed	transform	VERB
ajeer-242	104	66	into	into	ADP
ajeer-242	104	67	its	its	PRON
ajeer-242	104	68	year	year	NOUN
ajeer-242	104	69	-	-	PUNCT
ajeer-242	104	70	on	on	ADP
ajeer-242	104	71	-	-	PUNCT
ajeer-242	104	72	year	year	NOUN
ajeer-242	104	73	change	change	NOUN
ajeer-242	104	74	rate	rate	NOUN
ajeer-242	104	75	as	as	ADP
ajeer-242	104	76	inflation	inflation	NOUN
ajeer-242	104	77	rate	rate	NOUN
ajeer-242	104	78	for	for	ADP
ajeer-242	104	79	the	the	DET
ajeer-242	104	80	estimation	estimation	NOUN
ajeer-242	104	81	(	(	PUNCT
ajeer-242	104	82	π	π	PROPN
ajeer-242	104	83	)	)	PUNCT
ajeer-242	104	84	;	;	PUNCT
ajeer-242	104	85	“	"	PUNCT
ajeer-242	104	86	gross	gross	ADJ
ajeer-242	104	87	domestic	domestic	ADJ
ajeer-242	104	88	product	product	NOUN
ajeer-242	104	89	(	(	PUNCT
ajeer-242	104	90	gdp	gdp	NOUN
ajeer-242	104	91	)	)	PUNCT
ajeer-242	104	92	,	,	PUNCT
ajeer-242	104	93	volume	volume	NOUN
ajeer-242	104	94	,	,	PUNCT
ajeer-242	104	95	seasonally	seasonally	ADV
ajeer-242	104	96	adjusted	adjust	VERB
ajeer-242	104	97	(	(	PUNCT
ajeer-242	104	98	2010=100	2010=100	NUM
ajeer-242	104	99	)	)	PUNCT
ajeer-242	104	100	”	"	PUNCT
ajeer-242	104	101	for	for	ADP
ajeer-242	104	102	gdp	gdp	PROPN
ajeer-242	104	103	,	,	PUNCT
ajeer-242	104	104	which	which	PRON
ajeer-242	104	105	is	be	AUX
ajeer-242	104	106	further	far	ADV
ajeer-242	104	107	processed	process	VERB
ajeer-242	104	108	into	into	ADP
ajeer-242	104	109	gdp	gdp	NOUN
ajeer-242	104	110	gap	gap	NOUN
ajeer-242	104	111	(	(	PUNCT
ajeer-242	104	112	gap	gap	NOUN
ajeer-242	104	113	)	)	PUNCT
ajeer-242	104	114	by	by	ADP
ajeer-242	104	115	subtracting	subtract	VERB
ajeer-242	104	116	from	from	ADP
ajeer-242	104	117	the	the	DET
ajeer-242	104	118	gdp	gdp	NOUN
ajeer-242	104	119	a	a	DET
ajeer-242	104	120	hodrick	hodrick	ADJ
ajeer-242	104	121	-	-	PUNCT
ajeer-242	104	122	prescott	prescott	NOUN
ajeer-242	104	123	-	-	PUNCT
ajeer-242	104	124	filter	filter	NOUN
ajeer-242	104	125	of	of	ADP
ajeer-242	104	126	that	that	DET
ajeer-242	104	127	series	series	NOUN
ajeer-242	104	128	as	as	ADP
ajeer-242	104	129	a	a	DET
ajeer-242	104	130	proxy	proxy	NOUN
ajeer-242	104	131	of	of	ADP
ajeer-242	104	132	potential	potential	ADJ
ajeer-242	104	133	gdp	gdp	NOUN
ajeer-242	104	134	level	level	NOUN
ajeer-242	104	135	;	;	PUNCT
ajeer-242	104	136	and	and	CCONJ
ajeer-242	104	137	“	"	PUNCT
ajeer-242	104	138	national	national	ADJ
ajeer-242	104	139	currency	currency	NOUN
ajeer-242	104	140	per	per	ADP
ajeer-242	104	141	us	us	PROPN
ajeer-242	104	142	dollar	dollar	NOUN
ajeer-242	104	143	,	,	PUNCT
ajeer-242	104	144	period	period	NOUN
ajeer-242	104	145	average	average	NOUN
ajeer-242	104	146	”	"	PUNCT
ajeer-242	104	147	for	for	ADP
ajeer-242	104	148	exchange	exchange	NOUN
ajeer-242	104	149	rate	rate	NOUN
ajeer-242	104	150	,	,	PUNCT
ajeer-242	104	151	which	which	PRON
ajeer-242	104	152	is	be	AUX
ajeer-242	104	153	expressed	express	VERB
ajeer-242	104	154	as	as	ADP
ajeer-242	104	155	its	its	PRON
ajeer-242	104	156	year	year	NOUN
ajeer-242	104	157	-	-	PUNCT
ajeer-242	104	158	on	on	ADP
ajeer-242	104	159	-	-	PUNCT
ajeer-242	104	160	year	year	NOUN
ajeer-242	104	161	change	change	NOUN
ajeer-242	104	162	rate	rate	NOUN
ajeer-242	104	163	(	(	PUNCT
ajeer-242	104	164	exr	exr	PROPN
ajeer-242	104	165	)	)	PUNCT
ajeer-242	104	166	.	.	PUNCT
ajeer-242	105	1	the	the	DET
ajeer-242	105	2	combination	combination	NOUN
ajeer-242	105	3	between	between	ADP
ajeer-242	105	4	policy	policy	NOUN
ajeer-242	105	5	interest	interest	NOUN
ajeer-242	105	6	rate	rate	NOUN
ajeer-242	105	7	and	and	CCONJ
ajeer-242	105	8	the	the	DET
ajeer-242	105	9	other	other	ADJ
ajeer-242	105	10	variables	variable	NOUN
ajeer-242	105	11	of	of	ADP
ajeer-242	105	12	inflation	inflation	NOUN
ajeer-242	105	13	rate	rate	NOUN
ajeer-242	105	14	,	,	PUNCT
ajeer-242	105	15	gdp	gdp	NOUN
ajeer-242	105	16	gap	gap	NOUN
ajeer-242	105	17	and	and	CCONJ
ajeer-242	105	18	exchange	exchange	NOUN
ajeer-242	105	19	rate	rate	NOUN
ajeer-242	105	20	,	,	PUNCT
ajeer-242	105	21	are	be	AUX
ajeer-242	105	22	simply	simply	ADV
ajeer-242	105	23	displayed	display	VERB
ajeer-242	105	24	in	in	ADP
ajeer-242	105	25	figure	figure	NOUN
ajeer-242	105	26	2	2	NUM
ajeer-242	105	27	.	.	PUNCT
ajeer-242	106	1	this	this	DET
ajeer-242	106	2	observation	observation	NOUN
ajeer-242	106	3	itself	itself	PRON
ajeer-242	106	4	does	do	AUX
ajeer-242	106	5	not	not	PART
ajeer-242	106	6	tell	tell	VERB
ajeer-242	106	7	us	we	PRON
ajeer-242	106	8	clear	clear	ADJ
ajeer-242	106	9	correlations	correlation	NOUN
ajeer-242	106	10	and	and	CCONJ
ajeer-242	106	11	causalities	causality	NOUN
ajeer-242	106	12	in	in	ADP
ajeer-242	106	13	any	any	DET
ajeer-242	106	14	combinations	combination	NOUN
ajeer-242	106	15	,	,	PUNCT
ajeer-242	106	16	and	and	CCONJ
ajeer-242	106	17	so	so	ADV
ajeer-242	106	18	should	should	AUX
ajeer-242	106	19	be	be	AUX
ajeer-242	106	20	statistically	statistically	ADV
ajeer-242	106	21	tested	test	VERB
ajeer-242	106	22	in	in	ADP
ajeer-242	106	23	the	the	DET
ajeer-242	106	24	more	more	ADV
ajeer-242	106	25	sophisticated	sophisticated	ADJ
ajeer-242	106	26	ways	way	NOUN
ajeer-242	106	27	in	in	ADP
ajeer-242	106	28	the	the	DET
ajeer-242	106	29	later	later	ADJ
ajeer-242	106	30	sections	section	NOUN
ajeer-242	106	31	.	.	PUNCT
ajeer-242	107	1	3	3	NUM
ajeer-242	107	2	the	the	DET
ajeer-242	107	3	data	datum	NOUN
ajeer-242	107	4	are	be	AUX
ajeer-242	107	5	retrieved	retrieve	VERB
ajeer-242	107	6	from	from	ADP
ajeer-242	107	7	the	the	DET
ajeer-242	107	8	website	website	NOUN
ajeer-242	107	9	:	:	PUNCT
ajeer-242	107	10	http://www.imf.org/en/data	http://www.imf.org/en/data	NOUN
ajeer-242	107	11	.	.	PUNCT
ajeer-242	108	1	asian	asian	ADJ
ajeer-242	108	2	journal	journal	PROPN
ajeer-242	108	3	of	of	ADP
ajeer-242	108	4	economics	economic	NOUN
ajeer-242	108	5	and	and	CCONJ
ajeer-242	108	6	empirical	empirical	ADJ
ajeer-242	108	7	research	research	NOUN
ajeer-242	108	8	,	,	PUNCT
ajeer-242	108	9	2018	2018	NUM
ajeer-242	108	10	,	,	PUNCT
ajeer-242	108	11	5(1	5(1	NUM
ajeer-242	108	12	):	):	PUNCT
ajeer-242	108	13	19	19	NUM
ajeer-242	108	14	-	-	SYM
ajeer-242	108	15	28	28	NUM
ajeer-242	108	16	23	23	NUM
ajeer-242	108	17	table-1	table-1	PROPN
ajeer-242	108	18	.	.	PUNCT
ajeer-242	108	19	unit	unit	NOUN
ajeer-242	108	20	root	root	PROPN
ajeer-242	108	21	test	test	NOUN
ajeer-242	108	22	note	note	NOUN
ajeer-242	108	23	:	:	PUNCT
ajeer-242	108	24	*	*	PUNCT
ajeer-242	108	25	*	*	PUNCT
ajeer-242	108	26	*	*	PUNCT
ajeer-242	108	27	,	,	PUNCT
ajeer-242	108	28	*	*	PUNCT
ajeer-242	108	29	*	*	PUNCT
ajeer-242	108	30	denote	denote	VERB
ajeer-242	108	31	the	the	DET
ajeer-242	108	32	rejection	rejection	NOUN
ajeer-242	108	33	of	of	ADP
ajeer-242	108	34	null	null	ADJ
ajeer-242	108	35	hypothesis	hypothesis	NOUN
ajeer-242	108	36	at	at	ADP
ajeer-242	108	37	the	the	DET
ajeer-242	108	38	99	99	NUM
ajeer-242	108	39	%	%	NOUN
ajeer-242	108	40	and	and	CCONJ
ajeer-242	108	41	95	95	NUM
ajeer-242	108	42	%	%	NOUN
ajeer-242	108	43	level	level	NOUN
ajeer-242	108	44	of	of	ADP
ajeer-242	108	45	significance	significance	NOUN
ajeer-242	108	46	.	.	PUNCT
ajeer-242	109	1	sources	source	NOUN
ajeer-242	109	2	:	:	PUNCT
ajeer-242	109	3	ifs	ifs	PROPN
ajeer-242	109	4	of	of	ADP
ajeer-242	109	5	imf	imf	PROPN
ajeer-242	109	6	before	before	ADP
ajeer-242	109	7	conducting	conduct	VERB
ajeer-242	109	8	the	the	DET
ajeer-242	109	9	estimations	estimation	NOUN
ajeer-242	109	10	below	below	ADV
ajeer-242	109	11	,	,	PUNCT
ajeer-242	109	12	we	we	PRON
ajeer-242	109	13	investigate	investigate	VERB
ajeer-242	109	14	the	the	DET
ajeer-242	109	15	stationary	stationary	ADJ
ajeer-242	109	16	property	property	NOUN
ajeer-242	109	17	of	of	ADP
ajeer-242	109	18	the	the	DET
ajeer-242	109	19	data	datum	NOUN
ajeer-242	109	20	for	for	ADP
ajeer-242	109	21	each	each	DET
ajeer-242	109	22	variable	variable	NOUN
ajeer-242	109	23	,	,	PUNCT
ajeer-242	109	24	by	by	ADP
ajeer-242	109	25	employing	employ	VERB
ajeer-242	109	26	the	the	DET
ajeer-242	109	27	ng	ng	PROPN
ajeer-242	109	28	-	-	PUNCT
ajeer-242	109	29	perron	perron	PROPN
ajeer-242	109	30	unit	unit	NOUN
ajeer-242	109	31	root	root	NOUN
ajeer-242	109	32	test4	test4	NOUN
ajeer-242	109	33	on	on	ADP
ajeer-242	109	34	the	the	DET
ajeer-242	109	35	null	null	ADJ
ajeer-242	109	36	hypothesis	hypothesis	NOUN
ajeer-242	109	37	that	that	PRON
ajeer-242	109	38	each	each	DET
ajeer-242	109	39	variable	variable	NOUN
ajeer-242	109	40	has	have	VERB
ajeer-242	109	41	a	a	DET
ajeer-242	109	42	unit	unit	NOUN
ajeer-242	109	43	root	root	NOUN
ajeer-242	109	44	in	in	ADP
ajeer-242	109	45	the	the	DET
ajeer-242	109	46	test	test	NOUN
ajeer-242	109	47	equation	equation	NOUN
ajeer-242	109	48	including	include	VERB
ajeer-242	109	49	“	"	PUNCT
ajeer-242	109	50	intercept	intercept	NOUN
ajeer-242	109	51	”	"	PUNCT
ajeer-242	109	52	.	.	PUNCT
ajeer-242	110	1	this	this	DET
ajeer-242	110	2	test	test	NOUN
ajeer-242	110	3	constructs	construct	VERB
ajeer-242	110	4	four	four	NUM
ajeer-242	110	5	test	test	NOUN
ajeer-242	110	6	statistics	statistic	NOUN
ajeer-242	110	7	:	:	PUNCT
ajeer-242	110	8	modified	modify	VERB
ajeer-242	110	9	forms	form	NOUN
ajeer-242	110	10	of	of	ADP
ajeer-242	110	11	phillips	phillip	NOUN
ajeer-242	110	12	and	and	CCONJ
ajeer-242	110	13	perron	perron	PROPN
ajeer-242	110	14	(	(	PUNCT
ajeer-242	110	15	1988	1988	NUM
ajeer-242	110	16	)	)	PUNCT
ajeer-242	110	17	statistics	statistic	NOUN
ajeer-242	110	18	(	(	PUNCT
ajeer-242	110	19	mza	mza	PROPN
ajeer-242	110	20	,	,	PUNCT
ajeer-242	110	21	mzt	mzt	PROPN
ajeer-242	110	22	)	)	PUNCT
ajeer-242	110	23	,	,	PUNCT
ajeer-242	110	24	the	the	DET
ajeer-242	110	25	bhargava	bhargava	PROPN
ajeer-242	110	26	(	(	PUNCT
ajeer-242	110	27	1986	1986	NUM
ajeer-242	110	28	)	)	PUNCT
ajeer-242	110	29	statistic	statistic	NOUN
ajeer-242	110	30	(	(	PUNCT
ajeer-242	110	31	msb	msb	PROPN
ajeer-242	110	32	)	)	PUNCT
ajeer-242	110	33	,	,	PUNCT
ajeer-242	110	34	and	and	CCONJ
ajeer-242	110	35	the	the	DET
ajeer-242	110	36	point	point	NOUN
ajeer-242	110	37	optimal	optimal	ADJ
ajeer-242	110	38	statistic	statistic	NOUN
ajeer-242	110	39	(	(	PUNCT
ajeer-242	110	40	mpt	mpt	PROPN
ajeer-242	110	41	)	)	PUNCT
ajeer-242	110	42	.	.	PUNCT
ajeer-242	111	1	table	table	NOUN
ajeer-242	111	2	1	1	NUM
ajeer-242	111	3	reports	report	VERB
ajeer-242	111	4	the	the	DET
ajeer-242	111	5	test	test	NOUN
ajeer-242	111	6	results	result	VERB
ajeer-242	111	7	for	for	ADP
ajeer-242	111	8	the	the	DET
ajeer-242	111	9	data	datum	NOUN
ajeer-242	111	10	for	for	ADP
ajeer-242	111	11	all	all	DET
ajeer-242	111	12	the	the	DET
ajeer-242	111	13	indicators	indicator	NOUN
ajeer-242	111	14	,	,	PUNCT
ajeer-242	111	15	i.e.	i.e.	X
ajeer-242	111	16	,	,	PUNCT
ajeer-242	111	17	policy	policy	NOUN
ajeer-242	111	18	interest	interest	NOUN
ajeer-242	111	19	rate	rate	NOUN
ajeer-242	111	20	(	(	PUNCT
ajeer-242	111	21	por	por	NOUN
ajeer-242	111	22	)	)	PUNCT
ajeer-242	111	23	for	for	ADP
ajeer-242	111	24	its	its	PRON
ajeer-242	111	25	level	level	NOUN
ajeer-242	111	26	data	datum	NOUN
ajeer-242	111	27	;	;	PUNCT
ajeer-242	111	28	and	and	CCONJ
ajeer-242	111	29	inflation	inflation	NOUN
ajeer-242	111	30	rate	rate	NOUN
ajeer-242	111	31	(	(	PUNCT
ajeer-242	111	32	π	π	PROPN
ajeer-242	111	33	)	)	PUNCT
ajeer-242	111	34	,	,	PUNCT
ajeer-242	111	35	gdp	gdp	NOUN
ajeer-242	111	36	gap	gap	NOUN
ajeer-242	111	37	(	(	PUNCT
ajeer-242	111	38	gap	gap	NOUN
ajeer-242	111	39	)	)	PUNCT
ajeer-242	111	40	and	and	CCONJ
ajeer-242	111	41	exchange	exchange	NOUN
ajeer-242	111	42	rate	rate	NOUN
ajeer-242	111	43	(	(	PUNCT
ajeer-242	111	44	exr	exr	PROPN
ajeer-242	111	45	)	)	PUNCT
ajeer-242	111	46	for	for	ADP
ajeer-242	111	47	their	their	PRON
ajeer-242	111	48	level	level	NOUN
ajeer-242	111	49	and	and	CCONJ
ajeer-242	111	50	first	first	ADJ
ajeer-242	111	51	difference	difference	NOUN
ajeer-242	111	52	data	datum	NOUN
ajeer-242	111	53	.	.	PUNCT
ajeer-242	112	1	the	the	DET
ajeer-242	112	2	test	test	NOUN
ajeer-242	112	3	rejected	reject	VERB
ajeer-242	112	4	a	a	DET
ajeer-242	112	5	unit	unit	NOUN
ajeer-242	112	6	root	root	NOUN
ajeer-242	112	7	in	in	ADP
ajeer-242	112	8	all	all	DET
ajeer-242	112	9	the	the	DET
ajeer-242	112	10	data	datum	NOUN
ajeer-242	112	11	at	at	ADP
ajeer-242	112	12	the	the	DET
ajeer-242	112	13	conventional	conventional	ADJ
ajeer-242	112	14	level	level	NOUN
ajeer-242	112	15	of	of	ADP
ajeer-242	112	16	significance	significance	NOUN
ajeer-242	112	17	by	by	ADP
ajeer-242	112	18	more	more	ADJ
ajeer-242	112	19	than	than	ADP
ajeer-242	112	20	95	95	NUM
ajeer-242	112	21	percent	percent	NOUN
ajeer-242	112	22	,	,	PUNCT
ajeer-242	112	23	thereby	thereby	ADV
ajeer-242	112	24	their	their	PRON
ajeer-242	112	25	data	datum	NOUN
ajeer-242	112	26	showing	show	VERB
ajeer-242	112	27	stationary	stationary	ADJ
ajeer-242	112	28	property	property	NOUN
ajeer-242	112	29	.	.	PUNCT
ajeer-242	113	1	thus	thus	ADV
ajeer-242	113	2	their	their	PRON
ajeer-242	113	3	data	datum	NOUN
ajeer-242	113	4	are	be	AUX
ajeer-242	113	5	justified	justify	VERB
ajeer-242	113	6	to	to	PART
ajeer-242	113	7	be	be	AUX
ajeer-242	113	8	used	use	VERB
ajeer-242	113	9	for	for	ADP
ajeer-242	113	10	the	the	DET
ajeer-242	113	11	subsequent	subsequent	ADJ
ajeer-242	113	12	estimations	estimation	NOUN
ajeer-242	113	13	.	.	PUNCT
ajeer-242	114	1	figure-2	figure-2	X
ajeer-242	114	2	.	.	PUNCT
ajeer-242	115	1	observation	observation	NOUN
ajeer-242	115	2	of	of	ADP
ajeer-242	115	3	analytical	analytical	ADJ
ajeer-242	115	4	indicators	indicator	NOUN
ajeer-242	115	5	source	source	NOUN
ajeer-242	115	6	:	:	PUNCT
ajeer-242	115	7	ifs	ifs	PROPN
ajeer-242	115	8	of	of	ADP
ajeer-242	115	9	imf	imf	PROPN
ajeer-242	115	10	4.1	4.1	NUM
ajeer-242	115	11	.	.	PUNCT
ajeer-242	116	1	policy	policy	NOUN
ajeer-242	116	2	reaction	reaction	NOUN
ajeer-242	116	3	function	function	VERB
ajeer-242	116	4	the	the	DET
ajeer-242	116	5	policy	policy	NOUN
ajeer-242	116	6	reaction	reaction	NOUN
ajeer-242	116	7	function	function	NOUN
ajeer-242	116	8	is	be	AUX
ajeer-242	116	9	one	one	NUM
ajeer-242	116	10	of	of	ADP
ajeer-242	116	11	the	the	DET
ajeer-242	116	12	useful	useful	ADJ
ajeer-242	116	13	analytical	analytical	ADJ
ajeer-242	116	14	tools	tool	NOUN
ajeer-242	116	15	to	to	PART
ajeer-242	116	16	describe	describe	VERB
ajeer-242	116	17	a	a	DET
ajeer-242	116	18	monetary	monetary	ADJ
ajeer-242	116	19	policy	policy	NOUN
ajeer-242	116	20	rule	rule	NOUN
ajeer-242	116	21	in	in	ADP
ajeer-242	116	22	practices	practice	NOUN
ajeer-242	116	23	managed	manage	VERB
ajeer-242	116	24	by	by	ADP
ajeer-242	116	25	a	a	DET
ajeer-242	116	26	central	central	ADJ
ajeer-242	116	27	bank	bank	NOUN
ajeer-242	116	28	.	.	PUNCT
ajeer-242	117	1	its	its	PRON
ajeer-242	117	2	standard	standard	ADJ
ajeer-242	117	3	specification	specification	NOUN
ajeer-242	117	4	is	be	AUX
ajeer-242	117	5	that	that	SCONJ
ajeer-242	117	6	a	a	DET
ajeer-242	117	7	central	central	ADJ
ajeer-242	117	8	bank	bank	NOUN
ajeer-242	117	9	adjusts	adjust	VERB
ajeer-242	117	10	the	the	DET
ajeer-242	117	11	nominal	nominal	ADJ
ajeer-242	117	12	policy	policy	NOUN
ajeer-242	117	13	interest	interest	NOUN
ajeer-242	117	14	rate	rate	NOUN
ajeer-242	117	15	in	in	ADP
ajeer-242	117	16	response	response	NOUN
ajeer-242	117	17	to	to	ADP
ajeer-242	117	18	the	the	DET
ajeer-242	117	19	gaps	gap	NOUN
ajeer-242	117	20	between	between	ADP
ajeer-242	117	21	expected	expect	VERB
ajeer-242	117	22	inflation	inflation	NOUN
ajeer-242	117	23	and	and	CCONJ
ajeer-242	117	24	output	output	NOUN
ajeer-242	117	25	,	,	PUNCT
ajeer-242	117	26	and	and	CCONJ
ajeer-242	117	27	their	their	PRON
ajeer-242	117	28	respective	respective	ADJ
ajeer-242	117	29	targets	target	NOUN
ajeer-242	117	30	.	.	PUNCT
ajeer-242	118	1	it	it	PRON
ajeer-242	118	2	can	can	AUX
ajeer-242	118	3	be	be	AUX
ajeer-242	118	4	interpreted	interpret	VERB
ajeer-242	118	5	as	as	ADP
ajeer-242	118	6	a	a	DET
ajeer-242	118	7	more	more	ADV
ajeer-242	118	8	generalized	generalized	ADJ
ajeer-242	118	9	rule	rule	NOUN
ajeer-242	118	10	of	of	ADP
ajeer-242	118	11	the	the	DET
ajeer-242	118	12	taylor	taylor	PROPN
ajeer-242	118	13	rule	rule	NOUN
ajeer-242	118	14	(	(	PUNCT
ajeer-242	118	15	see	see	VERB
ajeer-242	118	16	taylor	taylor	PROPN
ajeer-242	118	17	(	(	PUNCT
ajeer-242	118	18	1993	1993	NUM
ajeer-242	118	19	)	)	PUNCT
ajeer-242	118	20	)	)	PUNCT
ajeer-242	118	21	–	–	PUNCT
ajeer-242	118	22	the	the	DET
ajeer-242	118	23	simple	simple	ADJ
ajeer-242	118	24	backward	backward	ADV
ajeer-242	118	25	-	-	PUNCT
ajeer-242	118	26	looking	look	VERB
ajeer-242	118	27	reaction	reaction	NOUN
ajeer-242	118	28	function	function	NOUN
ajeer-242	118	29	.	.	PUNCT
ajeer-242	119	1	the	the	DET
ajeer-242	119	2	estimable	estimable	ADJ
ajeer-242	119	3	policy	policy	NOUN
ajeer-242	119	4	reaction	reaction	NOUN
ajeer-242	119	5	functions	function	NOUN
ajeer-242	119	6	were	be	AUX
ajeer-242	119	7	presented	present	VERB
ajeer-242	119	8	for	for	ADP
ajeer-242	119	9	the	the	DET
ajeer-242	119	10	first	first	ADJ
ajeer-242	119	11	time	time	NOUN
ajeer-242	119	12	by	by	ADP
ajeer-242	119	13	clarida	clarida	NOUN
ajeer-242	119	14	and	and	CCONJ
ajeer-242	119	15	gertler	gertler	NOUN
ajeer-242	119	16	(	(	PUNCT
ajeer-242	119	17	1997	1997	NUM
ajeer-242	119	18	)	)	PUNCT
ajeer-242	119	19	for	for	ADP
ajeer-242	119	20	bundesbank	bundesbank	PROPN
ajeer-242	119	21	monetary	monetary	ADJ
ajeer-242	119	22	policy	policy	NOUN
ajeer-242	119	23	,	,	PUNCT
ajeer-242	119	24	clarida	clarida	NOUN
ajeer-242	119	25	et	et	NOUN
ajeer-242	119	26	al	al	PROPN
ajeer-242	119	27	.	.	PROPN
ajeer-242	120	1	(	(	PUNCT
ajeer-242	120	2	1998a	1998a	NUM
ajeer-242	120	3	)	)	PUNCT
ajeer-242	120	4	for	for	ADP
ajeer-242	120	5	the	the	DET
ajeer-242	120	6	us	us	PROPN
ajeer-242	120	7	monetary	monetary	ADJ
ajeer-242	120	8	policy	policy	NOUN
ajeer-242	120	9	,	,	PUNCT
ajeer-242	120	10	and	and	CCONJ
ajeer-242	120	11	clarida	clarida	VERB
ajeer-242	120	12	et	et	PROPN
ajeer-242	120	13	al	al	PROPN
ajeer-242	120	14	.	.	PROPN
ajeer-242	121	1	(	(	PUNCT
ajeer-242	121	2	1998b	1998b	NUM
ajeer-242	121	3	)	)	PUNCT
ajeer-242	121	4	for	for	ADP
ajeer-242	121	5	monetary	monetary	ADJ
ajeer-242	121	6	policies	policy	NOUN
ajeer-242	121	7	of	of	ADP
ajeer-242	121	8	two	two	NUM
ajeer-242	121	9	sets	set	NOUN
ajeer-242	121	10	countries	country	NOUN
ajeer-242	121	11	:	:	PUNCT
ajeer-242	121	12	the	the	DET
ajeer-242	121	13	g3	g3	PROPN
ajeer-242	121	14	(	(	PUNCT
ajeer-242	121	15	germany	germany	PROPN
ajeer-242	121	16	,	,	PUNCT
ajeer-242	121	17	japan	japan	PROPN
ajeer-242	121	18	,	,	PUNCT
ajeer-242	121	19	and	and	CCONJ
ajeer-242	121	20	the	the	DET
ajeer-242	121	21	us	us	PROPN
ajeer-242	121	22	)	)	PUNCT
ajeer-242	121	23	and	and	CCONJ
ajeer-242	121	24	the	the	DET
ajeer-242	121	25	e3	e3	NOUN
ajeer-242	121	26	(	(	PUNCT
ajeer-242	121	27	uk	uk	PROPN
ajeer-242	121	28	,	,	PUNCT
ajeer-242	121	29	france	france	PROPN
ajeer-242	121	30	,	,	PUNCT
ajeer-242	121	31	and	and	CCONJ
ajeer-242	121	32	italy	italy	PROPN
ajeer-242	121	33	)	)	PUNCT
ajeer-242	121	34	.	.	PUNCT
ajeer-242	122	1	4	4	NUM
ajeer-242	122	2	ng	ng	PROPN
ajeer-242	122	3	and	and	CCONJ
ajeer-242	122	4	perron	perron	PROPN
ajeer-242	122	5	(	(	PUNCT
ajeer-242	122	6	2001	2001	NUM
ajeer-242	122	7	)	)	PUNCT
ajeer-242	122	8	introduced	introduce	VERB
ajeer-242	122	9	a	a	DET
ajeer-242	122	10	new	new	ADJ
ajeer-242	122	11	unit	unit	NOUN
ajeer-242	122	12	root	root	NOUN
ajeer-242	122	13	test	test	NOUN
ajeer-242	122	14	,	,	PUNCT
ajeer-242	122	15	which	which	PRON
ajeer-242	122	16	used	use	VERB
ajeer-242	122	17	detrended	detrende	VERB
ajeer-242	122	18	data	datum	NOUN
ajeer-242	122	19	and	and	CCONJ
ajeer-242	122	20	a	a	DET
ajeer-242	122	21	lag	lag	NOUN
ajeer-242	122	22	selection	selection	NOUN
ajeer-242	122	23	procedure	procedure	NOUN
ajeer-242	122	24	that	that	PRON
ajeer-242	122	25	improved	improve	VERB
ajeer-242	122	26	on	on	ADP
ajeer-242	122	27	previous	previous	ADJ
ajeer-242	122	28	methods	method	NOUN
ajeer-242	122	29	.	.	PUNCT
ajeer-242	123	1	mza	mza	PROPN
ajeer-242	123	2	mzt	mzt	PROPN
ajeer-242	123	3	msb	msb	PROPN
ajeer-242	123	4	mpt	mpt	PROPN
ajeer-242	123	5	por	por	PROPN
ajeer-242	123	6	-11.200	-11.200	PUNCT
ajeer-242	124	1	*	*	PUNCT
ajeer-242	124	2	*	*	PUNCT
ajeer-242	124	3	-2.361	-2.361	NOUN
ajeer-242	124	4	*	*	PUNCT
ajeer-242	124	5	*	*	PUNCT
ajeer-242	125	1	0.210	0.210	NUM
ajeer-242	125	2	*	*	PUNCT
ajeer-242	125	3	*	*	PUNCT
ajeer-242	126	1	2.206	2.206	NUM
ajeer-242	126	2	*	*	PUNCT
ajeer-242	126	3	*	*	PUNCT
ajeer-242	127	1	π	π	X
ajeer-242	127	2	-33.932	-33.932	PUNCT
ajeer-242	127	3	*	*	PUNCT
ajeer-242	127	4	*	*	PUNCT
ajeer-242	127	5	*	*	PUNCT
ajeer-242	127	6	-4.107	-4.107	PUNCT
ajeer-242	127	7	*	*	PUNCT
ajeer-242	127	8	*	*	PUNCT
ajeer-242	127	9	*	*	PUNCT
ajeer-242	127	10	0.121	0.121	NUM
ajeer-242	127	11	*	*	PUNCT
ajeer-242	127	12	*	*	PUNCT
ajeer-242	127	13	*	*	PUNCT
ajeer-242	127	14	0.756	0.756	NUM
ajeer-242	127	15	*	*	PUNCT
ajeer-242	127	16	*	*	PUNCT
ajeer-242	127	17	*	*	PUNCT
ajeer-242	127	18	gap	gap	NOUN
ajeer-242	127	19	-18.766	-18.766	INTJ
ajeer-242	128	1	*	*	PUNCT
ajeer-242	129	1	*	*	PUNCT
ajeer-242	129	2	*	*	PUNCT
ajeer-242	129	3	-3.063	-3.063	NOUN
ajeer-242	129	4	*	*	PUNCT
ajeer-242	129	5	*	*	PUNCT
ajeer-242	129	6	*	*	PUNCT
ajeer-242	129	7	0.163	0.163	NUM
ajeer-242	129	8	*	*	PUNCT
ajeer-242	129	9	*	*	PUNCT
ajeer-242	129	10	*	*	PUNCT
ajeer-242	129	11	1.305	1.305	NUM
ajeer-242	129	12	*	*	PUNCT
ajeer-242	129	13	*	*	PUNCT
ajeer-242	129	14	*	*	PUNCT
ajeer-242	129	15	exr	exr	PROPN
ajeer-242	129	16	-31.299	-31.299	NOUN
ajeer-242	130	1	*	*	PUNCT
ajeer-242	131	1	*	*	PUNCT
ajeer-242	131	2	*	*	PUNCT
ajeer-242	131	3	-3.947	-3.947	PUNCT
ajeer-242	131	4	*	*	PUNCT
ajeer-242	131	5	*	*	PUNCT
ajeer-242	131	6	*	*	PUNCT
ajeer-242	131	7	0.126	0.126	NUM
ajeer-242	131	8	*	*	PUNCT
ajeer-242	131	9	*	*	PUNCT
ajeer-242	131	10	*	*	PUNCT
ajeer-242	131	11	0.807	0.807	NUM
ajeer-242	131	12	*	*	PUNCT
ajeer-242	131	13	*	*	PUNCT
ajeer-242	131	14	*	*	PUNCT
ajeer-242	131	15	mza	mza	PROPN
ajeer-242	131	16	mzt	mzt	PROPN
ajeer-242	131	17	msb	msb	PROPN
ajeer-242	131	18	mpt	mpt	PROPN
ajeer-242	131	19	d(π	d(π	PROPN
ajeer-242	131	20	)	)	PUNCT
ajeer-242	131	21	-52.474	-52.474	NOUN
ajeer-242	132	1	*	*	PUNCT
ajeer-242	132	2	*	*	PUNCT
ajeer-242	132	3	*	*	NOUN
ajeer-242	132	4	-5.089	-5.089	NOUN
ajeer-242	133	1	*	*	PUNCT
ajeer-242	133	2	*	*	PUNCT
ajeer-242	133	3	*	*	PUNCT
ajeer-242	134	1	0.096	0.096	NUM
ajeer-242	134	2	*	*	PUNCT
ajeer-242	134	3	*	*	PUNCT
ajeer-242	134	4	*	*	PUNCT
ajeer-242	134	5	0.548	0.548	NUM
ajeer-242	134	6	*	*	PUNCT
ajeer-242	134	7	*	*	PUNCT
ajeer-242	134	8	*	*	PUNCT
ajeer-242	134	9	d(gap	d(gap	PROPN
ajeer-242	134	10	)	)	PUNCT
ajeer-242	135	1	-33.291	-33.291	NOUN
ajeer-242	136	1	*	*	PUNCT
ajeer-242	137	1	*	*	PUNCT
ajeer-242	137	2	*	*	PUNCT
ajeer-242	137	3	-4.063	-4.063	PUNCT
ajeer-242	137	4	*	*	PUNCT
ajeer-242	137	5	*	*	PUNCT
ajeer-242	137	6	*	*	PUNCT
ajeer-242	137	7	0.122	0.122	NUM
ajeer-242	137	8	*	*	PUNCT
ajeer-242	137	9	*	*	PUNCT
ajeer-242	137	10	*	*	PUNCT
ajeer-242	137	11	0.786	0.786	NUM
ajeer-242	137	12	*	*	PUNCT
ajeer-242	137	13	*	*	PUNCT
ajeer-242	137	14	*	*	PUNCT
ajeer-242	137	15	d(exr	d(exr	PROPN
ajeer-242	137	16	)	)	PUNCT
ajeer-242	137	17	-16.941	-16.941	PUNCT
ajeer-242	138	1	*	*	PUNCT
ajeer-242	138	2	*	*	PUNCT
ajeer-242	138	3	*	*	PUNCT
ajeer-242	138	4	-2.894	-2.894	PROPN
ajeer-242	139	1	*	*	PUNCT
ajeer-242	140	1	*	*	PUNCT
ajeer-242	140	2	*	*	PUNCT
ajeer-242	140	3	0.170	0.170	NUM
ajeer-242	140	4	*	*	PUNCT
ajeer-242	140	5	*	*	PUNCT
ajeer-242	140	6	*	*	PUNCT
ajeer-242	141	1	1.506	1.506	NUM
ajeer-242	141	2	*	*	PUNCT
ajeer-242	141	3	*	*	PUNCT
ajeer-242	141	4	*	*	PUNCT
ajeer-242	141	5	-4.0	-4.0	X
ajeer-242	141	6	-2.0	-2.0	X
ajeer-242	141	7	0.0	0.0	NUM
ajeer-242	141	8	2.0	2.0	NUM
ajeer-242	141	9	4.0	4.0	NUM
ajeer-242	141	10	6.0	6.0	NUM
ajeer-242	141	11	8.0	8.0	NUM
ajeer-242	141	12	10.0	10.0	NUM
ajeer-242	141	13	20	20	NUM
ajeer-242	141	14	00	00	NUM
ajeer-242	141	15	q	q	NOUN
ajeer-242	141	16	2	2	NUM
ajeer-242	141	17	20	20	NUM
ajeer-242	141	18	00	00	NUM
ajeer-242	141	19	q	q	NOUN
ajeer-242	141	20	4	4	NUM
ajeer-242	141	21	20	20	NUM
ajeer-242	141	22	01	01	NUM
ajeer-242	141	23	q	q	NOUN
ajeer-242	141	24	2	2	NUM
ajeer-242	141	25	20	20	NUM
ajeer-242	141	26	01	01	NUM
ajeer-242	141	27	q	q	NOUN
ajeer-242	141	28	4	4	NUM
ajeer-242	141	29	20	20	NUM
ajeer-242	141	30	02	02	NUM
ajeer-242	141	31	q	q	NOUN
ajeer-242	141	32	2	2	NUM
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ajeer-242	141	35	q	q	NOUN
ajeer-242	141	36	4	4	NUM
ajeer-242	141	37	20	20	NUM
ajeer-242	141	38	03	03	NUM
ajeer-242	141	39	q	q	NOUN
ajeer-242	141	40	2	2	NUM
ajeer-242	141	41	20	20	NUM
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ajeer-242	141	43	q	q	NOUN
ajeer-242	141	44	4	4	NUM
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ajeer-242	141	47	q	q	NOUN
ajeer-242	141	48	2	2	NUM
ajeer-242	141	49	20	20	NUM
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ajeer-242	141	51	q	q	NOUN
ajeer-242	141	52	4	4	NUM
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ajeer-242	141	56	2	2	NUM
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ajeer-242	141	75	q	q	NOUN
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ajeer-242	141	83	q	q	NOUN
ajeer-242	141	84	4	4	NUM
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ajeer-242	141	87	q	q	NOUN
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ajeer-242	141	89	20	20	NUM
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ajeer-242	141	91	q	q	NOUN
ajeer-242	141	92	4	4	NUM
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ajeer-242	141	111	q	q	NOUN
ajeer-242	141	112	2	2	NUM
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ajeer-242	141	115	q	q	NOUN
ajeer-242	141	116	4	4	NUM
ajeer-242	141	117	20	20	NUM
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ajeer-242	142	142	q	q	NOUN
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ajeer-242	142	146	q	q	SYM
ajeer-242	142	147	2	2	NUM
ajeer-242	142	148	por	por	NOUN
ajeer-242	142	149	(	(	PUNCT
ajeer-242	142	150	policy	policy	NOUN
ajeer-242	142	151	interest	interest	NOUN
ajeer-242	142	152	rate	rate	NOUN
ajeer-242	142	153	)	)	PUNCT
ajeer-242	142	154	exr	exr	PROPN
ajeer-242	142	155	(	(	PUNCT
ajeer-242	142	156	exchange	exchange	NOUN
ajeer-242	142	157	rate	rate	NOUN
ajeer-242	142	158	)	)	PUNCT
ajeer-242	142	159	asian	asian	ADJ
ajeer-242	142	160	journal	journal	NOUN
ajeer-242	142	161	of	of	ADP
ajeer-242	142	162	economics	economic	NOUN
ajeer-242	142	163	and	and	CCONJ
ajeer-242	142	164	empirical	empirical	ADJ
ajeer-242	142	165	research	research	NOUN
ajeer-242	142	166	,	,	PUNCT
ajeer-242	142	167	2018	2018	NUM
ajeer-242	142	168	,	,	PUNCT
ajeer-242	142	169	5(1	5(1	NUM
ajeer-242	142	170	):	):	PUNCT
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ajeer-242	142	173	28	28	NUM
ajeer-242	142	174	24	24	NUM
ajeer-242	142	175	among	among	ADP
ajeer-242	142	176	them	they	PRON
ajeer-242	142	177	,	,	PUNCT
ajeer-242	142	178	clarida	clarida	NOUN
ajeer-242	142	179	et	et	PROPN
ajeer-242	142	180	al	al	PROPN
ajeer-242	142	181	.	.	PROPN
ajeer-242	143	1	(	(	PUNCT
ajeer-242	143	2	1998b	1998b	NUM
ajeer-242	143	3	)	)	PUNCT
ajeer-242	143	4	demonstrated	demonstrate	VERB
ajeer-242	143	5	the	the	DET
ajeer-242	143	6	most	most	ADV
ajeer-242	143	7	comprehensive	comprehensive	ADJ
ajeer-242	143	8	estimation	estimation	NOUN
ajeer-242	143	9	of	of	ADP
ajeer-242	143	10	policy	policy	NOUN
ajeer-242	143	11	reaction	reaction	NOUN
ajeer-242	143	12	functions	function	NOUN
ajeer-242	143	13	.	.	PUNCT
ajeer-242	144	1	for	for	ADP
ajeer-242	144	2	estimating	estimate	VERB
ajeer-242	144	3	the	the	DET
ajeer-242	144	4	g3	g3	PROPN
ajeer-242	144	5	monetary	monetary	ADJ
ajeer-242	144	6	policy	policy	NOUN
ajeer-242	144	7	rules	rule	NOUN
ajeer-242	144	8	,	,	PUNCT
ajeer-242	144	9	they	they	PRON
ajeer-242	144	10	took	take	VERB
ajeer-242	144	11	the	the	DET
ajeer-242	144	12	forward	forward	ADV
ajeer-242	144	13	-	-	PUNCT
ajeer-242	144	14	looking	look	VERB
ajeer-242	144	15	specification	specification	NOUN
ajeer-242	144	16	as	as	ADP
ajeer-242	144	17	the	the	DET
ajeer-242	144	18	baseline	baseline	NOUN
ajeer-242	144	19	and	and	CCONJ
ajeer-242	144	20	the	the	DET
ajeer-242	144	21	backward	backward	ADV
ajeer-242	144	22	-	-	PUNCT
ajeer-242	144	23	looking	look	VERB
ajeer-242	144	24	function	function	NOUN
ajeer-242	144	25	as	as	ADP
ajeer-242	144	26	the	the	DET
ajeer-242	144	27	alternative	alternative	NOUN
ajeer-242	144	28	for	for	ADP
ajeer-242	144	29	their	their	PRON
ajeer-242	144	30	comparison	comparison	NOUN
ajeer-242	144	31	,	,	PUNCT
ajeer-242	144	32	and	and	CCONJ
ajeer-242	144	33	they	they	PRON
ajeer-242	144	34	found	find	VERB
ajeer-242	144	35	that	that	SCONJ
ajeer-242	144	36	the	the	DET
ajeer-242	144	37	g3	g3	PROPN
ajeer-242	144	38	pursued	pursue	VERB
ajeer-242	144	39	forwardlooking	forwardlooking	NOUN
ajeer-242	144	40	rules	rule	NOUN
ajeer-242	144	41	,	,	PUNCT
ajeer-242	144	42	responding	respond	VERB
ajeer-242	144	43	to	to	ADP
ajeer-242	144	44	anticipated	anticipate	VERB
ajeer-242	144	45	inflation	inflation	NOUN
ajeer-242	144	46	as	as	SCONJ
ajeer-242	144	47	opposed	oppose	VERB
ajeer-242	144	48	to	to	ADP
ajeer-242	144	49	lagged	lag	VERB
ajeer-242	144	50	inflation	inflation	NOUN
ajeer-242	144	51	.	.	PUNCT
ajeer-242	145	1	as	as	ADP
ajeer-242	145	2	for	for	ADP
ajeer-242	145	3	the	the	DET
ajeer-242	145	4	e3	e3	NOUN
ajeer-242	145	5	estimation	estimation	NOUN
ajeer-242	145	6	,	,	PUNCT
ajeer-242	145	7	they	they	PRON
ajeer-242	145	8	added	add	VERB
ajeer-242	145	9	such	such	ADJ
ajeer-242	145	10	explanatory	explanatory	ADJ
ajeer-242	145	11	terms	term	NOUN
ajeer-242	145	12	as	as	ADP
ajeer-242	145	13	german	german	ADJ
ajeer-242	145	14	interest	interest	NOUN
ajeer-242	145	15	rate	rate	NOUN
ajeer-242	145	16	and	and	CCONJ
ajeer-242	145	17	exchange	exchange	NOUN
ajeer-242	145	18	rate	rate	NOUN
ajeer-242	145	19	in	in	ADP
ajeer-242	145	20	their	their	PRON
ajeer-242	145	21	functions	function	NOUN
ajeer-242	145	22	,	,	PUNCT
ajeer-242	145	23	to	to	PART
ajeer-242	145	24	examine	examine	VERB
ajeer-242	145	25	how	how	SCONJ
ajeer-242	145	26	the	the	DET
ajeer-242	145	27	constraints	constraint	NOUN
ajeer-242	145	28	of	of	ADP
ajeer-242	145	29	the	the	DET
ajeer-242	145	30	european	european	ADJ
ajeer-242	145	31	monetary	monetary	ADJ
ajeer-242	145	32	system	system	NOUN
ajeer-242	145	33	that	that	PRON
ajeer-242	145	34	collapsed	collapse	VERB
ajeer-242	145	35	in	in	ADP
ajeer-242	145	36	late	late	ADJ
ajeer-242	145	37	1992	1992	NUM
ajeer-242	145	38	influenced	influence	VERB
ajeer-242	145	39	the	the	DET
ajeer-242	145	40	e3	e3	NOUN
ajeer-242	145	41	monetary	monetary	ADJ
ajeer-242	145	42	policy	policy	NOUN
ajeer-242	145	43	rules	rule	NOUN
ajeer-242	145	44	.	.	PUNCT
ajeer-242	146	1	this	this	DET
ajeer-242	146	2	study	study	NOUN
ajeer-242	146	3	applies	apply	VERB
ajeer-242	146	4	the	the	DET
ajeer-242	146	5	methodology	methodology	NOUN
ajeer-242	146	6	of	of	ADP
ajeer-242	146	7	clarida	clarida	NOUN
ajeer-242	146	8	et	et	PROPN
ajeer-242	146	9	al	al	PROPN
ajeer-242	146	10	.	.	PROPN
ajeer-242	147	1	(	(	PUNCT
ajeer-242	147	2	1998b	1998b	NUM
ajeer-242	147	3	)	)	PUNCT
ajeer-242	148	1	to	to	PART
ajeer-242	148	2	estimate	estimate	VERB
ajeer-242	148	3	the	the	DET
ajeer-242	148	4	policy	policy	NOUN
ajeer-242	148	5	reaction	reaction	NOUN
ajeer-242	148	6	function	function	NOUN
ajeer-242	148	7	for	for	ADP
ajeer-242	148	8	thailand	thailand	PROPN
ajeer-242	148	9	during	during	ADP
ajeer-242	148	10	the	the	DET
ajeer-242	148	11	second	second	ADJ
ajeer-242	148	12	period	period	NOUN
ajeer-242	148	13	from	from	ADP
ajeer-242	148	14	quarter	quarter	NOUN
ajeer-242	148	15	of	of	ADP
ajeer-242	148	16	2000	2000	NUM
ajeer-242	148	17	to	to	ADP
ajeer-242	148	18	the	the	DET
ajeer-242	148	19	second	second	ADJ
ajeer-242	148	20	quarter	quarter	NOUN
ajeer-242	148	21	of	of	ADP
ajeer-242	148	22	2017	2017	NUM
ajeer-242	148	23	.	.	PUNCT
ajeer-242	149	1	the	the	DET
ajeer-242	149	2	analysis	analysis	NOUN
ajeer-242	149	3	employs	employ	VERB
ajeer-242	149	4	both	both	PRON
ajeer-242	149	5	of	of	ADP
ajeer-242	149	6	forward	forward	ADV
ajeer-242	149	7	-	-	PUNCT
ajeer-242	149	8	looking	look	VERB
ajeer-242	149	9	and	and	CCONJ
ajeer-242	149	10	backward	backward	ADV
ajeer-242	149	11	-	-	PUNCT
ajeer-242	149	12	looking	look	VERB
ajeer-242	149	13	specifications	specification	NOUN
ajeer-242	149	14	for	for	ADP
ajeer-242	149	15	the	the	DET
ajeer-242	149	16	estimation	estimation	NOUN
ajeer-242	149	17	,	,	PUNCT
ajeer-242	149	18	since	since	SCONJ
ajeer-242	149	19	emerging	emerge	VERB
ajeer-242	149	20	market	market	NOUN
ajeer-242	149	21	economies	economy	NOUN
ajeer-242	149	22	including	include	VERB
ajeer-242	149	23	thailand	thailand	PROPN
ajeer-242	149	24	may	may	AUX
ajeer-242	149	25	face	face	VERB
ajeer-242	149	26	the	the	DET
ajeer-242	149	27	difficulties	difficulty	NOUN
ajeer-242	149	28	in	in	ADP
ajeer-242	149	29	forecasting	forecast	VERB
ajeer-242	149	30	inflation	inflation	NOUN
ajeer-242	149	31	rate	rate	NOUN
ajeer-242	149	32	as	as	SCONJ
ajeer-242	149	33	eichengreen	eichengreen	NOUN
ajeer-242	149	34	(	(	PUNCT
ajeer-242	149	35	2002	2002	NUM
ajeer-242	149	36	)	)	PUNCT
ajeer-242	149	37	suggested	suggest	VERB
ajeer-242	149	38	.	.	PUNCT
ajeer-242	150	1	in	in	ADP
ajeer-242	150	2	fact	fact	NOUN
ajeer-242	150	3	,	,	PUNCT
ajeer-242	150	4	the	the	DET
ajeer-242	150	5	previous	previous	ADJ
ajeer-242	150	6	studies	study	NOUN
ajeer-242	150	7	such	such	ADJ
ajeer-242	150	8	as	as	ADP
ajeer-242	150	9	taguchi	taguchi	PROPN
ajeer-242	150	10	and	and	CCONJ
ajeer-242	150	11	kato	kato	PROPN
ajeer-242	150	12	(	(	PUNCT
ajeer-242	150	13	2011	2011	NUM
ajeer-242	150	14	)	)	PUNCT
ajeer-242	150	15	and	and	CCONJ
ajeer-242	150	16	lueangwilai	lueangwilai	NOUN
ajeer-242	150	17	(	(	PUNCT
ajeer-242	150	18	2012	2012	NUM
ajeer-242	150	19	)	)	PUNCT
ajeer-242	150	20	identified	identify	VERB
ajeer-242	150	21	backward	backward	ADV
ajeer-242	150	22	-	-	PUNCT
ajeer-242	150	23	looking	look	VERB
ajeer-242	150	24	and	and	CCONJ
ajeer-242	150	25	contemporaneous	contemporaneous	ADJ
ajeer-242	150	26	rules	rule	NOUN
ajeer-242	150	27	for	for	ADP
ajeer-242	150	28	the	the	DET
ajeer-242	150	29	thailand	thailand	PROPN
ajeer-242	150	30	monetary	monetary	ADJ
ajeer-242	150	31	policy	policy	NOUN
ajeer-242	150	32	.	.	PUNCT
ajeer-242	151	1	the	the	DET
ajeer-242	151	2	analysis	analysis	NOUN
ajeer-242	151	3	also	also	ADV
ajeer-242	151	4	includes	include	VERB
ajeer-242	151	5	the	the	DET
ajeer-242	151	6	exchange	exchange	NOUN
ajeer-242	151	7	rate	rate	NOUN
ajeer-242	151	8	term	term	NOUN
ajeer-242	151	9	as	as	ADP
ajeer-242	151	10	one	one	NUM
ajeer-242	151	11	of	of	ADP
ajeer-242	151	12	the	the	DET
ajeer-242	151	13	monetary	monetary	ADJ
ajeer-242	151	14	policy	policy	NOUN
ajeer-242	151	15	determinants	determinant	NOUN
ajeer-242	151	16	,	,	PUNCT
ajeer-242	151	17	since	since	SCONJ
ajeer-242	151	18	emerging	emerge	VERB
ajeer-242	151	19	market	market	NOUN
ajeer-242	151	20	economies	economy	NOUN
ajeer-242	151	21	including	include	VERB
ajeer-242	151	22	thailand	thailand	PROPN
ajeer-242	151	23	may	may	AUX
ajeer-242	151	24	fall	fall	VERB
ajeer-242	151	25	into	into	ADP
ajeer-242	151	26	a	a	DET
ajeer-242	151	27	“	"	PUNCT
ajeer-242	151	28	fear	fear	NOUN
ajeer-242	151	29	of	of	ADP
ajeer-242	151	30	floating	float	VERB
ajeer-242	151	31	”	"	PUNCT
ajeer-242	151	32	as	as	SCONJ
ajeer-242	151	33	calvo	calvo	NOUN
ajeer-242	151	34	and	and	CCONJ
ajeer-242	151	35	reinhart	reinhart	PROPN
ajeer-242	151	36	(	(	PUNCT
ajeer-242	151	37	2002	2002	NUM
ajeer-242	151	38	)	)	PUNCT
ajeer-242	151	39	suggested	suggest	VERB
ajeer-242	151	40	.	.	PUNCT
ajeer-242	152	1	the	the	DET
ajeer-242	152	2	original	original	ADJ
ajeer-242	152	3	policy	policy	NOUN
ajeer-242	152	4	reaction	reaction	NOUN
ajeer-242	152	5	function	function	NOUN
ajeer-242	152	6	presented	present	VERB
ajeer-242	152	7	by	by	ADP
ajeer-242	152	8	clarida	clarida	PROPN
ajeer-242	152	9	et	et	PROPN
ajeer-242	152	10	al	al	PROPN
ajeer-242	152	11	.	.	PROPN
ajeer-242	152	12	(	(	PUNCT
ajeer-242	152	13	1998b	1998b	NUM
ajeer-242	152	14	)	)	PUNCT
ajeer-242	152	15	is	be	AUX
ajeer-242	152	16	shown	show	VERB
ajeer-242	152	17	as	as	ADP
ajeer-242	152	18	the	the	DET
ajeer-242	152	19	following	follow	VERB
ajeer-242	152	20	equation	equation	NOUN
ajeer-242	152	21	(	(	PUNCT
ajeer-242	152	22	1	1	NUM
ajeer-242	152	23	)	)	PUNCT
ajeer-242	152	24	.	.	PUNCT
ajeer-242	153	1	̅	̅	NOUN
ajeer-242	153	2	(	(	PUNCT
ajeer-242	153	3	[	[	PUNCT
ajeer-242	153	4	|	|	ADV
ajeer-242	153	5	]	]	PUNCT
ajeer-242	153	6	)	)	PUNCT
ajeer-242	153	7	(	(	PUNCT
ajeer-242	153	8	[	[	PUNCT
ajeer-242	153	9	|	|	ADV
ajeer-242	153	10	]	]	PUNCT
ajeer-242	153	11	)	)	PUNCT
ajeer-242	153	12	(	(	PUNCT
ajeer-242	153	13	1	1	X
ajeer-242	153	14	)	)	PUNCT
ajeer-242	153	15	where	where	SCONJ
ajeer-242	153	16	is	be	AUX
ajeer-242	153	17	a	a	DET
ajeer-242	153	18	target	target	NOUN
ajeer-242	153	19	for	for	ADP
ajeer-242	153	20	the	the	DET
ajeer-242	153	21	nominal	nominal	ADJ
ajeer-242	153	22	short	short	ADJ
ajeer-242	153	23	-	-	PUNCT
ajeer-242	153	24	term	term	NOUN
ajeer-242	153	25	interest	interest	NOUN
ajeer-242	153	26	rate	rate	NOUN
ajeer-242	153	27	;	;	PUNCT
ajeer-242	153	28	̅	̅	NOUN
ajeer-242	153	29	is	be	AUX
ajeer-242	153	30	the	the	DET
ajeer-242	153	31	long	long	ADV
ajeer-242	153	32	-	-	PUNCT
ajeer-242	153	33	run	run	VERB
ajeer-242	153	34	equilibrium	equilibrium	NOUN
ajeer-242	153	35	nominal	nominal	ADJ
ajeer-242	153	36	interest	interest	NOUN
ajeer-242	153	37	rate	rate	NOUN
ajeer-242	153	38	;	;	PUNCT
ajeer-242	153	39	is	be	AUX
ajeer-242	153	40	the	the	DET
ajeer-242	153	41	inflation	inflation	NOUN
ajeer-242	153	42	rate	rate	NOUN
ajeer-242	153	43	at	at	ADP
ajeer-242	153	44	the	the	DET
ajeer-242	153	45	period	period	NOUN
ajeer-242	153	46	t+n	t+n	NUM
ajeer-242	153	47	;	;	PUNCT
ajeer-242	153	48	is	be	AUX
ajeer-242	153	49	the	the	DET
ajeer-242	153	50	real	real	ADJ
ajeer-242	153	51	output	output	NOUN
ajeer-242	153	52	,	,	PUNCT
ajeer-242	153	53	and	and	CCONJ
ajeer-242	153	54	are	be	AUX
ajeer-242	153	55	respective	respective	ADJ
ajeer-242	153	56	bliss	bliss	ADJ
ajeer-242	153	57	points	point	NOUN
ajeer-242	153	58	for	for	ADP
ajeer-242	153	59	inflation	inflation	NOUN
ajeer-242	153	60	and	and	CCONJ
ajeer-242	153	61	real	real	ADJ
ajeer-242	153	62	output	output	NOUN
ajeer-242	153	63	;	;	PUNCT
ajeer-242	153	64	e	e	X
ajeer-242	153	65	is	be	AUX
ajeer-242	153	66	the	the	DET
ajeer-242	153	67	expectation	expectation	NOUN
ajeer-242	153	68	operator	operator	NOUN
ajeer-242	153	69	;	;	PUNCT
ajeer-242	153	70	and	and	CCONJ
ajeer-242	153	71	ω	ω	PROPN
ajeer-242	153	72	is	be	AUX
ajeer-242	153	73	the	the	DET
ajeer-242	153	74	information	information	NOUN
ajeer-242	153	75	available	available	ADJ
ajeer-242	153	76	to	to	ADP
ajeer-242	153	77	the	the	DET
ajeer-242	153	78	central	central	ADJ
ajeer-242	153	79	bank	bank	NOUN
ajeer-242	153	80	at	at	ADP
ajeer-242	153	81	the	the	DET
ajeer-242	153	82	time	time	NOUN
ajeer-242	153	83	when	when	SCONJ
ajeer-242	153	84	it	it	PRON
ajeer-242	153	85	sets	set	VERB
ajeer-242	153	86	the	the	DET
ajeer-242	153	87	interest	interest	NOUN
ajeer-242	153	88	rate	rate	NOUN
ajeer-242	153	89	.	.	PUNCT
ajeer-242	154	1	equation	equation	NOUN
ajeer-242	154	2	(	(	PUNCT
ajeer-242	154	3	1	1	X
ajeer-242	154	4	)	)	PUNCT
ajeer-242	154	5	can	can	AUX
ajeer-242	154	6	be	be	AUX
ajeer-242	154	7	rewritten	rewrite	VERB
ajeer-242	154	8	for	for	ADP
ajeer-242	154	9	empirical	empirical	ADJ
ajeer-242	154	10	specification	specification	NOUN
ajeer-242	154	11	by	by	ADP
ajeer-242	154	12	defining	define	VERB
ajeer-242	154	13	̅	̅	NOUN
ajeer-242	154	14	and	and	CCONJ
ajeer-242	154	15	,	,	PUNCT
ajeer-242	154	16	and	and	CCONJ
ajeer-242	154	17	by	by	ADP
ajeer-242	154	18	replacing	replace	VERB
ajeer-242	154	19	the	the	DET
ajeer-242	154	20	unobserved	unobserved	ADJ
ajeer-242	154	21	forecast	forecast	NOUN
ajeer-242	154	22	variables	variable	NOUN
ajeer-242	154	23	with	with	ADP
ajeer-242	154	24	realized	realize	VERB
ajeer-242	154	25	variables	variable	NOUN
ajeer-242	154	26	as	as	SCONJ
ajeer-242	154	27	follows	follow	VERB
ajeer-242	154	28	.	.	PUNCT
ajeer-242	155	1	(	(	PUNCT
ajeer-242	155	2	2	2	X
ajeer-242	155	3	)	)	PUNCT
ajeer-242	155	4	where	where	SCONJ
ajeer-242	155	5	is	be	AUX
ajeer-242	155	6	a	a	DET
ajeer-242	155	7	linear	linear	ADJ
ajeer-242	155	8	combination	combination	NOUN
ajeer-242	155	9	of	of	ADP
ajeer-242	155	10	the	the	DET
ajeer-242	155	11	forecast	forecast	NOUN
ajeer-242	155	12	errors	error	NOUN
ajeer-242	155	13	of	of	ADP
ajeer-242	155	14	inflation	inflation	NOUN
ajeer-242	155	15	and	and	CCONJ
ajeer-242	155	16	real	real	ADJ
ajeer-242	155	17	output	output	NOUN
ajeer-242	155	18	.	.	PUNCT
ajeer-242	156	1	then	then	ADV
ajeer-242	156	2	the	the	DET
ajeer-242	156	3	equation	equation	NOUN
ajeer-242	156	4	(	(	PUNCT
ajeer-242	156	5	2	2	X
ajeer-242	156	6	)	)	PUNCT
ajeer-242	156	7	is	be	AUX
ajeer-242	156	8	modified	modify	VERB
ajeer-242	156	9	in	in	ADP
ajeer-242	156	10	accordance	accordance	NOUN
ajeer-242	156	11	with	with	ADP
ajeer-242	156	12	our	our	PRON
ajeer-242	156	13	analytical	analytical	ADJ
ajeer-242	156	14	concerns	concern	NOUN
ajeer-242	156	15	into	into	ADP
ajeer-242	156	16	the	the	DET
ajeer-242	156	17	forward	forward	ADV
ajeer-242	156	18	-	-	PUNCT
ajeer-242	156	19	looking	look	VERB
ajeer-242	156	20	specification	specification	NOUN
ajeer-242	156	21	in	in	ADP
ajeer-242	156	22	equation	equation	NOUN
ajeer-242	156	23	(	(	PUNCT
ajeer-242	156	24	3	3	NUM
ajeer-242	156	25	)	)	PUNCT
ajeer-242	156	26	and	and	CCONJ
ajeer-242	156	27	the	the	DET
ajeer-242	156	28	backward	backward	ADV
ajeer-242	156	29	-	-	PUNCT
ajeer-242	156	30	looking	look	VERB
ajeer-242	156	31	specification	specification	NOUN
ajeer-242	156	32	in	in	ADP
ajeer-242	156	33	equation	equation	NOUN
ajeer-242	156	34	(	(	PUNCT
ajeer-242	156	35	4	4	NUM
ajeer-242	156	36	)	)	PUNCT
ajeer-242	156	37	and	and	CCONJ
ajeer-242	156	38	the	the	DET
ajeer-242	156	39	equation	equation	NOUN
ajeer-242	156	40	(	(	PUNCT
ajeer-242	156	41	3	3	NUM
ajeer-242	156	42	)	)	PUNCT
ajeer-242	156	43	and	and	CCONJ
ajeer-242	156	44	(	(	PUNCT
ajeer-242	156	45	4	4	X
ajeer-242	156	46	)	)	PUNCT
ajeer-242	156	47	also	also	ADV
ajeer-242	156	48	include	include	VERB
ajeer-242	156	49	the	the	DET
ajeer-242	156	50	exchange	exchange	NOUN
ajeer-242	156	51	rate	rate	NOUN
ajeer-242	156	52	term	term	NOUN
ajeer-242	156	53	,	,	PUNCT
ajeer-242	156	54	exr	exr	PROPN
ajeer-242	156	55	,	,	PUNCT
ajeer-242	156	56	as	as	SCONJ
ajeer-242	156	57	follows	follow	VERB
ajeer-242	156	58	.	.	PUNCT
ajeer-242	157	1	n	n	PRON
ajeer-242	158	1	=	=	NOUN
ajeer-242	158	2	1,2,3	1,2,3	NUM
ajeer-242	158	3	and	and	CCONJ
ajeer-242	158	4	4	4	NUM
ajeer-242	158	5	(	(	PUNCT
ajeer-242	158	6	3	3	NUM
ajeer-242	158	7	)	)	PUNCT
ajeer-242	158	8	n	n	NOUN
ajeer-242	158	9	=	=	NOUN
ajeer-242	158	10	0,1,2	0,1,2	NUM
ajeer-242	158	11	and	and	CCONJ
ajeer-242	158	12	3	3	NUM
ajeer-242	158	13	(	(	PUNCT
ajeer-242	158	14	4	4	NUM
ajeer-242	158	15	)	)	PUNCT
ajeer-242	158	16	the	the	DET
ajeer-242	158	17	equation	equation	NOUN
ajeer-242	158	18	(	(	PUNCT
ajeer-242	158	19	3	3	NUM
ajeer-242	158	20	)	)	PUNCT
ajeer-242	158	21	and	and	CCONJ
ajeer-242	158	22	(	(	PUNCT
ajeer-242	158	23	4	4	X
ajeer-242	158	24	)	)	PUNCT
ajeer-242	158	25	are	be	AUX
ajeer-242	158	26	further	far	ADV
ajeer-242	158	27	modified	modify	VERB
ajeer-242	158	28	for	for	ADP
ajeer-242	158	29	obtaining	obtain	VERB
ajeer-242	158	30	estimable	estimable	ADJ
ajeer-242	158	31	equations	equation	NOUN
ajeer-242	158	32	since	since	SCONJ
ajeer-242	158	33	the	the	DET
ajeer-242	158	34	central	central	ADJ
ajeer-242	158	35	bank	bank	NOUN
ajeer-242	158	36	tends	tend	VERB
ajeer-242	158	37	to	to	PART
ajeer-242	158	38	conduct	conduct	VERB
ajeer-242	158	39	smooth	smooth	ADJ
ajeer-242	158	40	changes	change	NOUN
ajeer-242	158	41	in	in	ADP
ajeer-242	158	42	its	its	PRON
ajeer-242	158	43	policy	policy	NOUN
ajeer-242	158	44	interest	interest	NOUN
ajeer-242	158	45	rate	rate	NOUN
ajeer-242	158	46	in	in	ADP
ajeer-242	158	47	their	their	PRON
ajeer-242	158	48	practices	practice	NOUN
ajeer-242	158	49	.	.	PUNCT
ajeer-242	159	1	by	by	ADP
ajeer-242	159	2	assuming	assume	VERB
ajeer-242	159	3	that	that	SCONJ
ajeer-242	159	4	the	the	DET
ajeer-242	159	5	actual	actual	ADJ
ajeer-242	159	6	rate	rate	NOUN
ajeer-242	159	7	partially	partially	ADV
ajeer-242	159	8	adjusts	adjust	VERB
ajeer-242	159	9	to	to	ADP
ajeer-242	159	10	the	the	DET
ajeer-242	159	11	target	target	NOUN
ajeer-242	159	12	as	as	ADP
ajeer-242	159	13	(	(	PUNCT
ajeer-242	159	14	)	)	PUNCT
ajeer-242	159	15	where	where	SCONJ
ajeer-242	159	16	ρ	ρ	PROPN
ajeer-242	159	17	is	be	AUX
ajeer-242	159	18	the	the	DET
ajeer-242	159	19	degree	degree	NOUN
ajeer-242	159	20	of	of	ADP
ajeer-242	159	21	smoothing	smooth	VERB
ajeer-242	159	22	with	with	ADP
ajeer-242	159	23	0	0	NUM
ajeer-242	159	24	<	<	X
ajeer-242	159	25	ρ	ρ	X
ajeer-242	159	26	<	<	X
ajeer-242	159	27	1	1	NUM
ajeer-242	159	28	and	and	CCONJ
ajeer-242	159	29	υ	υ	NOUN
ajeer-242	159	30	is	be	AUX
ajeer-242	159	31	the	the	DET
ajeer-242	159	32	disturbance	disturbance	NOUN
ajeer-242	159	33	term	term	NOUN
ajeer-242	159	34	,	,	PUNCT
ajeer-242	159	35	equations	equation	NOUN
ajeer-242	159	36	(	(	PUNCT
ajeer-242	159	37	3	3	NUM
ajeer-242	159	38	)	)	PUNCT
ajeer-242	159	39	and	and	CCONJ
ajeer-242	159	40	(	(	PUNCT
ajeer-242	159	41	4	4	X
ajeer-242	159	42	)	)	PUNCT
ajeer-242	159	43	can	can	AUX
ajeer-242	159	44	be	be	AUX
ajeer-242	159	45	further	far	ADV
ajeer-242	159	46	rewritten	rewrite	VERB
ajeer-242	159	47	into	into	ADP
ajeer-242	159	48	equation	equation	NOUN
ajeer-242	159	49	(	(	PUNCT
ajeer-242	159	50	5	5	NUM
ajeer-242	159	51	)	)	PUNCT
ajeer-242	159	52	and	and	CCONJ
ajeer-242	159	53	(	(	PUNCT
ajeer-242	159	54	6	6	NUM
ajeer-242	159	55	)	)	PUNCT
ajeer-242	159	56	as	as	SCONJ
ajeer-242	159	57	follows	follow	VERB
ajeer-242	159	58	.	.	PUNCT
ajeer-242	160	1	(	(	PUNCT
ajeer-242	160	2	)	)	PUNCT
ajeer-242	160	3	(	(	PUNCT
ajeer-242	160	4	)	)	PUNCT
ajeer-242	160	5	(	(	PUNCT
ajeer-242	160	6	)	)	PUNCT
ajeer-242	160	7	(	(	PUNCT
ajeer-242	160	8	)	)	PUNCT
ajeer-242	160	9	(	(	PUNCT
ajeer-242	160	10	5	5	NUM
ajeer-242	160	11	)	)	PUNCT
ajeer-242	160	12	(	(	PUNCT
ajeer-242	160	13	)	)	PUNCT
ajeer-242	160	14	(	(	PUNCT
ajeer-242	160	15	)	)	PUNCT
ajeer-242	160	16	(	(	PUNCT
ajeer-242	160	17	)	)	PUNCT
ajeer-242	160	18	(	(	PUNCT
ajeer-242	160	19	)	)	PUNCT
ajeer-242	160	20	(	(	PUNCT
ajeer-242	160	21	6	6	NUM
ajeer-242	160	22	)	)	PUNCT
ajeer-242	160	23	for	for	ADP
ajeer-242	160	24	the	the	DET
ajeer-242	160	25	technique	technique	NOUN
ajeer-242	160	26	to	to	PART
ajeer-242	160	27	estimate	estimate	VERB
ajeer-242	160	28	the	the	DET
ajeer-242	160	29	parameter	parameter	NOUN
ajeer-242	160	30	vector	vector	NOUN
ajeer-242	160	31	[	[	X
ajeer-242	160	32	α	α	X
ajeer-242	160	33	,	,	PUNCT
ajeer-242	160	34	β	β	X
ajeer-242	160	35	,	,	PUNCT
ajeer-242	160	36	γ	γ	PROPN
ajeer-242	160	37	,	,	PUNCT
ajeer-242	160	38	δ	δ	PROPN
ajeer-242	160	39	,	,	PUNCT
ajeer-242	160	40	ρ	ρ	PROPN
ajeer-242	160	41	]	]	X
ajeer-242	160	42	,	,	PUNCT
ajeer-242	160	43	we	we	PRON
ajeer-242	160	44	adopt	adopt	VERB
ajeer-242	160	45	generalized	generalized	ADJ
ajeer-242	160	46	method	method	NOUN
ajeer-242	160	47	of	of	ADP
ajeer-242	160	48	moments	moment	NOUN
ajeer-242	160	49	,	,	PUNCT
ajeer-242	160	50	since	since	SCONJ
ajeer-242	160	51	the	the	DET
ajeer-242	160	52	equations	equation	NOUN
ajeer-242	160	53	above	above	ADP
ajeer-242	160	54	entail	entail	VERB
ajeer-242	160	55	endogeneity	endogeneity	NOUN
ajeer-242	160	56	problem	problem	NOUN
ajeer-242	160	57	in	in	ADP
ajeer-242	160	58	that	that	SCONJ
ajeer-242	160	59	the	the	DET
ajeer-242	160	60	policy	policy	NOUN
ajeer-242	160	61	interest	interest	NOUN
ajeer-242	160	62	rate	rate	NOUN
ajeer-242	160	63	may	may	AUX
ajeer-242	160	64	also	also	ADV
ajeer-242	160	65	affect	affect	VERB
ajeer-242	160	66	explanatory	explanatory	ADJ
ajeer-242	160	67	variables	variable	NOUN
ajeer-242	160	68	.	.	PUNCT
ajeer-242	161	1	the	the	DET
ajeer-242	161	2	instrumental	instrumental	ADJ
ajeer-242	161	3	set	set	NOUN
ajeer-242	161	4	includes	include	VERB
ajeer-242	161	5	oneand	oneand	ADV
ajeer-242	161	6	two	two	NUM
ajeer-242	161	7	-	-	PUNCT
ajeer-242	161	8	quarter	quarter	NOUN
ajeer-242	161	9	lagged	lag	VERB
ajeer-242	161	10	values	value	NOUN
ajeer-242	161	11	of	of	ADP
ajeer-242	161	12	inflation	inflation	NOUN
ajeer-242	161	13	rate	rate	NOUN
ajeer-242	161	14	π	π	PROPN
ajeer-242	161	15	,	,	PUNCT
ajeer-242	161	16	gdp	gdp	NOUN
ajeer-242	161	17	gap	gap	NOUN
ajeer-242	161	18	gap	gap	NOUN
ajeer-242	161	19	,	,	PUNCT
ajeer-242	161	20	and	and	CCONJ
ajeer-242	161	21	exchange	exchange	NOUN
ajeer-242	161	22	rate	rate	NOUN
ajeer-242	161	23	exr	exr	PROPN
ajeer-242	161	24	,	,	PUNCT
ajeer-242	161	25	in	in	ADP
ajeer-242	161	26	the	the	DET
ajeer-242	161	27	estimation	estimation	NOUN
ajeer-242	161	28	equation	equation	NOUN
ajeer-242	161	29	(	(	PUNCT
ajeer-242	161	30	5	5	NUM
ajeer-242	161	31	)	)	PUNCT
ajeer-242	161	32	and	and	CCONJ
ajeer-242	161	33	(	(	PUNCT
ajeer-242	161	34	6	6	NUM
ajeer-242	161	35	)	)	PUNCT
ajeer-242	161	36	.	.	PUNCT
ajeer-242	162	1	the	the	DET
ajeer-242	162	2	j	j	PROPN
ajeer-242	162	3	-	-	PUNCT
ajeer-242	162	4	statistic	statistic	NOUN
ajeer-242	162	5	implies	imply	VERB
ajeer-242	162	6	that	that	SCONJ
ajeer-242	162	7	these	these	DET
ajeer-242	162	8	instrumental	instrumental	ADJ
ajeer-242	162	9	variables	variable	NOUN
ajeer-242	162	10	are	be	AUX
ajeer-242	162	11	valid	valid	ADJ
ajeer-242	162	12	in	in	ADP
ajeer-242	162	13	the	the	DET
ajeer-242	162	14	sense	sense	NOUN
ajeer-242	162	15	that	that	SCONJ
ajeer-242	162	16	the	the	DET
ajeer-242	162	17	over	over	ADV
ajeer-242	162	18	-	-	PUNCT
ajeer-242	162	19	identifying	identify	VERB
ajeer-242	162	20	restrictions	restriction	NOUN
ajeer-242	162	21	can	can	AUX
ajeer-242	162	22	not	not	PART
ajeer-242	162	23	be	be	AUX
ajeer-242	162	24	rejected	reject	VERB
ajeer-242	162	25	in	in	ADP
ajeer-242	162	26	the	the	DET
ajeer-242	162	27	models	model	NOUN
ajeer-242	162	28	above	above	ADV
ajeer-242	162	29	except	except	SCONJ
ajeer-242	162	30	for	for	ADP
ajeer-242	162	31	the	the	DET
ajeer-242	162	32	case	case	NOUN
ajeer-242	162	33	of	of	ADP
ajeer-242	162	34	(	(	PUNCT
ajeer-242	162	35	see	see	VERB
ajeer-242	162	36	table	table	NOUN
ajeer-242	162	37	2	2	NUM
ajeer-242	162	38	)	)	PUNCT
ajeer-242	162	39	.	.	PUNCT
ajeer-242	163	1	table	table	NOUN
ajeer-242	163	2	2	2	NUM
ajeer-242	163	3	reports	report	VERB
ajeer-242	163	4	the	the	DET
ajeer-242	163	5	estimation	estimation	NOUN
ajeer-242	163	6	outcomes	outcome	NOUN
ajeer-242	163	7	of	of	ADP
ajeer-242	163	8	policy	policy	NOUN
ajeer-242	163	9	reaction	reaction	NOUN
ajeer-242	163	10	functions	function	NOUN
ajeer-242	163	11	in	in	ADP
ajeer-242	163	12	two	two	NUM
ajeer-242	163	13	kinds	kind	NOUN
ajeer-242	163	14	of	of	ADP
ajeer-242	163	15	specifications	specification	NOUN
ajeer-242	163	16	:	:	PUNCT
ajeer-242	163	17	the	the	DET
ajeer-242	163	18	forwardlooking	forwardlooke	VERB
ajeer-242	163	19	specification	specification	NOUN
ajeer-242	163	20	in	in	ADP
ajeer-242	163	21	the	the	DET
ajeer-242	163	22	equation	equation	NOUN
ajeer-242	163	23	(	(	PUNCT
ajeer-242	163	24	5	5	NUM
ajeer-242	163	25	)	)	PUNCT
ajeer-242	163	26	and	and	CCONJ
ajeer-242	163	27	the	the	DET
ajeer-242	163	28	backward	backward	ADV
ajeer-242	163	29	-	-	PUNCT
ajeer-242	163	30	looking	look	VERB
ajeer-242	163	31	specification	specification	NOUN
ajeer-242	163	32	in	in	ADP
ajeer-242	163	33	the	the	DET
ajeer-242	163	34	equation	equation	NOUN
ajeer-242	163	35	(	(	PUNCT
ajeer-242	163	36	6	6	NUM
ajeer-242	163	37	)	)	PUNCT
ajeer-242	163	38	.	.	PUNCT
ajeer-242	164	1	based	base	VERB
ajeer-242	164	2	on	on	ADP
ajeer-242	164	3	the	the	DET
ajeer-242	164	4	estimated	estimate	VERB
ajeer-242	164	5	short	short	ADJ
ajeer-242	164	6	-	-	PUNCT
ajeer-242	164	7	term	term	NOUN
ajeer-242	164	8	coefficients	coefficient	NOUN
ajeer-242	164	9	in	in	ADP
ajeer-242	164	10	the	the	DET
ajeer-242	164	11	equations	equation	NOUN
ajeer-242	164	12	of	of	ADP
ajeer-242	164	13	(	(	PUNCT
ajeer-242	164	14	5	5	NUM
ajeer-242	164	15	)	)	PUNCT
ajeer-242	164	16	and	and	CCONJ
ajeer-242	164	17	(	(	PUNCT
ajeer-242	164	18	6	6	X
ajeer-242	164	19	)	)	PUNCT
ajeer-242	164	20	the	the	DET
ajeer-242	164	21	long	long	ADJ
ajeer-242	164	22	-	-	PUNCT
ajeer-242	164	23	term	term	NOUN
ajeer-242	164	24	coefficients	coefficient	NOUN
ajeer-242	164	25	are	be	AUX
ajeer-242	164	26	worked	work	VERB
ajeer-242	164	27	out	out	ADP
ajeer-242	164	28	in	in	ADP
ajeer-242	164	29	the	the	DET
ajeer-242	164	30	equations	equation	NOUN
ajeer-242	164	31	of	of	ADP
ajeer-242	164	32	(	(	PUNCT
ajeer-242	164	33	3	3	NUM
ajeer-242	164	34	)	)	PUNCT
ajeer-242	164	35	and	and	CCONJ
ajeer-242	164	36	(	(	PUNCT
ajeer-242	164	37	4	4	X
ajeer-242	164	38	)	)	PUNCT
ajeer-242	164	39	which	which	PRON
ajeer-242	164	40	are	be	AUX
ajeer-242	164	41	displayed	display	VERB
ajeer-242	164	42	in	in	ADP
ajeer-242	164	43	the	the	DET
ajeer-242	164	44	lower	low	ADJ
ajeer-242	164	45	part	part	NOUN
ajeer-242	164	46	of	of	ADP
ajeer-242	164	47	each	each	DET
ajeer-242	164	48	table	table	NOUN
ajeer-242	164	49	.	.	PUNCT
ajeer-242	165	1	when	when	SCONJ
ajeer-242	165	2	we	we	PRON
ajeer-242	165	3	focus	focus	VERB
ajeer-242	165	4	on	on	ADP
ajeer-242	165	5	the	the	DET
ajeer-242	165	6	long	long	ADJ
ajeer-242	165	7	-	-	PUNCT
ajeer-242	165	8	term	term	NOUN
ajeer-242	165	9	coefficients	coefficient	NOUN
ajeer-242	165	10	,	,	PUNCT
ajeer-242	165	11	the	the	DET
ajeer-242	165	12	cases	case	NOUN
ajeer-242	165	13	of	of	ADP
ajeer-242	165	14	and	and	CCONJ
ajeer-242	165	15	are	be	AUX
ajeer-242	165	16	excluded	exclude	VERB
ajeer-242	165	17	from	from	ADP
ajeer-242	165	18	their	their	PRON
ajeer-242	165	19	calculations	calculation	NOUN
ajeer-242	165	20	,	,	PUNCT
ajeer-242	165	21	since	since	SCONJ
ajeer-242	165	22	the	the	DET
ajeer-242	165	23	degree	degree	NOUN
ajeer-242	165	24	of	of	ADP
ajeer-242	165	25	smoothing	smooth	VERB
ajeer-242	165	26	ρ	ρ	PROPN
ajeer-242	165	27	is	be	AUX
ajeer-242	165	28	beyond	beyond	ADP
ajeer-242	165	29	unity	unity	NOUN
ajeer-242	165	30	,	,	PUNCT
ajeer-242	165	31	which	which	PRON
ajeer-242	165	32	is	be	AUX
ajeer-242	165	33	against	against	ADP
ajeer-242	165	34	our	our	PRON
ajeer-242	165	35	expectation	expectation	NOUN
ajeer-242	165	36	.	.	PUNCT
ajeer-242	166	1	it	it	PRON
ajeer-242	166	2	is	be	AUX
ajeer-242	166	3	in	in	ADP
ajeer-242	166	4	the	the	DET
ajeer-242	166	5	cases	case	NOUN
ajeer-242	166	6	of	of	ADP
ajeer-242	166	7	and	and	CCONJ
ajeer-242	166	8	that	that	SCONJ
ajeer-242	166	9	the	the	DET
ajeer-242	166	10	coefficient	coefficient	NOUN
ajeer-242	166	11	of	of	ADP
ajeer-242	166	12	inflation	inflation	NOUN
ajeer-242	166	13	β	β	X
ajeer-242	166	14	is	be	AUX
ajeer-242	166	15	positively	positively	ADV
ajeer-242	166	16	discernable	discernable	ADJ
ajeer-242	166	17	at	at	ADP
ajeer-242	166	18	the	the	DET
ajeer-242	166	19	conventional	conventional	ADJ
ajeer-242	166	20	significant	significant	ADJ
ajeer-242	166	21	level	level	NOUN
ajeer-242	166	22	.	.	PUNCT
ajeer-242	167	1	we	we	PRON
ajeer-242	167	2	herein	herein	ADV
ajeer-242	167	3	identify	identify	VERB
ajeer-242	167	4	the	the	DET
ajeer-242	167	5	case	case	NOUN
ajeer-242	167	6	of	of	ADP
ajeer-242	167	7	,	,	PUNCT
ajeer-242	167	8	the	the	DET
ajeer-242	167	9	forward	forward	ADV
ajeer-242	167	10	-	-	PUNCT
ajeer-242	167	11	looking	look	VERB
ajeer-242	167	12	specification	specification	NOUN
ajeer-242	167	13	with	with	ADP
ajeer-242	167	14	one	one	NUM
ajeer-242	167	15	quarter	quarter	NOUN
ajeer-242	167	16	ahead	ahead	ADV
ajeer-242	167	17	,	,	PUNCT
ajeer-242	167	18	as	as	ADP
ajeer-242	167	19	the	the	DET
ajeer-242	167	20	most	most	ADV
ajeer-242	167	21	suitable	suitable	ADJ
ajeer-242	167	22	specification	specification	NOUN
ajeer-242	167	23	for	for	ADP
ajeer-242	167	24	the	the	DET
ajeer-242	167	25	thailand	thailand	PROPN
ajeer-242	167	26	policy	policy	PROPN
ajeer-242	167	27	reaction	reaction	NOUN
ajeer-242	167	28	function	function	NOUN
ajeer-242	167	29	,	,	PUNCT
ajeer-242	167	30	since	since	SCONJ
ajeer-242	167	31	the	the	DET
ajeer-242	167	32	inflation	inflation	NOUN
ajeer-242	167	33	coefficient	coefficient	NOUN
ajeer-242	167	34	has	have	VERB
ajeer-242	167	35	the	the	DET
ajeer-242	167	36	higher	high	ADJ
ajeer-242	167	37	significance	significance	NOUN
ajeer-242	167	38	by	by	ADP
ajeer-242	167	39	more	more	ADJ
ajeer-242	167	40	than	than	ADP
ajeer-242	167	41	99	99	NUM
ajeer-242	167	42	percent	percent	NOUN
ajeer-242	167	43	and	and	CCONJ
ajeer-242	167	44	its	its	PRON
ajeer-242	167	45	magnitude	magnitude	NOUN
ajeer-242	167	46	is	be	AUX
ajeer-242	167	47	large	large	ADJ
ajeer-242	167	48	enough	enough	ADV
ajeer-242	167	49	to	to	PART
ajeer-242	167	50	exceed	exceed	VERB
ajeer-242	167	51	unity	unity	NOUN
ajeer-242	167	52	by	by	ADP
ajeer-242	167	53	1.966	1.966	NUM
ajeer-242	167	54	.	.	PUNCT
ajeer-242	168	1	in	in	ADP
ajeer-242	168	2	that	that	DET
ajeer-242	168	3	case	case	NOUN
ajeer-242	168	4	,	,	PUNCT
ajeer-242	168	5	we	we	PRON
ajeer-242	168	6	also	also	ADV
ajeer-242	168	7	confirm	confirm	VERB
ajeer-242	168	8	the	the	DET
ajeer-242	168	9	significance	significance	NOUN
ajeer-242	168	10	at	at	ADP
ajeer-242	168	11	95	95	NUM
ajeer-242	168	12	percent	percent	NOUN
ajeer-242	168	13	level	level	NOUN
ajeer-242	168	14	in	in	ADP
ajeer-242	168	15	the	the	DET
ajeer-242	168	16	coefficient	coefficient	NOUN
ajeer-242	168	17	of	of	ADP
ajeer-242	168	18	exchange	exchange	NOUN
ajeer-242	168	19	rate	rate	NOUN
ajeer-242	168	20	δ	δ	PROPN
ajeer-242	168	21	,	,	PUNCT
ajeer-242	168	22	but	but	CCONJ
ajeer-242	168	23	not	not	PART
ajeer-242	168	24	in	in	ADP
ajeer-242	168	25	the	the	DET
ajeer-242	168	26	coefficient	coefficient	NOUN
ajeer-242	168	27	of	of	ADP
ajeer-242	168	28	gdp	gdp	NOUN
ajeer-242	168	29	gap	gap	NOUN
ajeer-242	168	30	.	.	PUNCT
ajeer-242	169	1	asian	asian	ADJ
ajeer-242	169	2	journal	journal	PROPN
ajeer-242	169	3	of	of	ADP
ajeer-242	169	4	economics	economic	NOUN
ajeer-242	169	5	and	and	CCONJ
ajeer-242	169	6	empirical	empirical	ADJ
ajeer-242	169	7	research	research	NOUN
ajeer-242	169	8	,	,	PUNCT
ajeer-242	169	9	2018	2018	NUM
ajeer-242	169	10	,	,	PUNCT
ajeer-242	169	11	5(1	5(1	NUM
ajeer-242	169	12	):	):	PUNCT
ajeer-242	169	13	19	19	NUM
ajeer-242	169	14	-	-	SYM
ajeer-242	169	15	28	28	NUM
ajeer-242	169	16	25	25	NUM
ajeer-242	169	17	table-2	table-2	NUM
ajeer-242	169	18	.	.	PUNCT
ajeer-242	169	19	policy	policy	NOUN
ajeer-242	169	20	reaction	reaction	NOUN
ajeer-242	169	21	functions	function	NOUN
ajeer-242	169	22	note	note	VERB
ajeer-242	169	23	:	:	PUNCT
ajeer-242	169	24	*	*	PUNCT
ajeer-242	169	25	*	*	PUNCT
ajeer-242	169	26	*	*	PUNCT
ajeer-242	169	27	,	,	PUNCT
ajeer-242	169	28	*	*	PUNCT
ajeer-242	169	29	*	*	PUNCT
ajeer-242	169	30	,	,	PUNCT
ajeer-242	169	31	*	*	PUNCT
ajeer-242	169	32	denote	denote	VERB
ajeer-242	169	33	the	the	DET
ajeer-242	169	34	rejection	rejection	NOUN
ajeer-242	169	35	of	of	ADP
ajeer-242	169	36	null	null	ADJ
ajeer-242	169	37	hypothesis	hypothesis	NOUN
ajeer-242	169	38	at	at	ADP
ajeer-242	169	39	the	the	DET
ajeer-242	169	40	99%,95	99%,95	NUM
ajeer-242	169	41	%	%	NOUN
ajeer-242	169	42	and	and	CCONJ
ajeer-242	169	43	90	90	NUM
ajeer-242	169	44	%	%	NOUN
ajeer-242	169	45	level	level	NOUN
ajeer-242	169	46	of	of	ADP
ajeer-242	169	47	significance	significance	NOUN
ajeer-242	169	48	.	.	PUNCT
ajeer-242	170	1	sources	source	NOUN
ajeer-242	170	2	:	:	PUNCT
ajeer-242	170	3	ifs	ifs	PROPN
ajeer-242	170	4	of	of	ADP
ajeer-242	170	5	imf	imf	PROPN
ajeer-242	170	6	we	we	PRON
ajeer-242	170	7	interpret	interpret	VERB
ajeer-242	170	8	the	the	DET
ajeer-242	170	9	estimation	estimation	NOUN
ajeer-242	170	10	results	result	VERB
ajeer-242	170	11	above	above	ADV
ajeer-242	170	12	as	as	SCONJ
ajeer-242	170	13	follows	follow	VERB
ajeer-242	170	14	.	.	PUNCT
ajeer-242	171	1	first	first	ADV
ajeer-242	171	2	,	,	PUNCT
ajeer-242	171	3	the	the	DET
ajeer-242	171	4	bank	bank	NOUN
ajeer-242	171	5	of	of	ADP
ajeer-242	171	6	thailand	thailand	PROPN
ajeer-242	171	7	appears	appear	VERB
ajeer-242	171	8	to	to	PART
ajeer-242	171	9	have	have	AUX
ajeer-242	171	10	adopted	adopt	VERB
ajeer-242	171	11	the	the	DET
ajeer-242	171	12	inflation	inflation	NOUN
ajeer-242	171	13	-	-	PUNCT
ajeer-242	171	14	responsive	responsive	ADJ
ajeer-242	171	15	and	and	CCONJ
ajeer-242	171	16	forward	forward	ADV
ajeer-242	171	17	-	-	PUNCT
ajeer-242	171	18	looking	look	VERB
ajeer-242	171	19	(	(	PUNCT
ajeer-242	171	20	one	one	NUM
ajeer-242	171	21	quarter	quarter	NOUN
ajeer-242	171	22	ahead	ahead	ADV
ajeer-242	171	23	)	)	PUNCT
ajeer-242	171	24	monetary	monetary	ADJ
ajeer-242	171	25	policy	policy	NOUN
ajeer-242	171	26	rule	rule	NOUN
ajeer-242	171	27	under	under	ADP
ajeer-242	171	28	its	its	PRON
ajeer-242	171	29	inflation	inflation	NOUN
ajeer-242	171	30	targeting	target	VERB
ajeer-242	171	31	framework	framework	NOUN
ajeer-242	171	32	.	.	PUNCT
ajeer-242	172	1	this	this	DET
ajeer-242	172	2	finding	finding	NOUN
ajeer-242	172	3	is	be	AUX
ajeer-242	172	4	much	much	ADV
ajeer-242	172	5	different	different	ADJ
ajeer-242	172	6	from	from	ADP
ajeer-242	172	7	the	the	DET
ajeer-242	172	8	previous	previous	ADJ
ajeer-242	172	9	studies	study	NOUN
ajeer-242	172	10	such	such	ADJ
ajeer-242	172	11	as	as	ADP
ajeer-242	172	12	taguchi	taguchi	PROPN
ajeer-242	172	13	and	and	CCONJ
ajeer-242	172	14	kato	kato	PROPN
ajeer-242	172	15	(	(	PUNCT
ajeer-242	172	16	2011	2011	NUM
ajeer-242	172	17	)	)	PUNCT
ajeer-242	172	18	and	and	CCONJ
ajeer-242	172	19	lueangwilai	lueangwilai	NOUN
ajeer-242	172	20	(	(	PUNCT
ajeer-242	172	21	2012	2012	NUM
ajeer-242	172	22	)	)	PUNCT
ajeer-242	172	23	that	that	PRON
ajeer-242	172	24	identified	identify	VERB
ajeer-242	172	25	backward	backward	ADV
ajeer-242	172	26	-	-	PUNCT
ajeer-242	172	27	looking	look	VERB
ajeer-242	172	28	and	and	CCONJ
ajeer-242	172	29	contemporaneous	contemporaneous	ADJ
ajeer-242	172	30	rules	rule	NOUN
ajeer-242	172	31	for	for	ADP
ajeer-242	172	32	thailand	thailand	PROPN
ajeer-242	172	33	monetary	monetary	ADJ
ajeer-242	172	34	policy	policy	NOUN
ajeer-242	172	35	.	.	PUNCT
ajeer-242	173	1	the	the	DET
ajeer-242	173	2	difference	difference	NOUN
ajeer-242	173	3	might	might	AUX
ajeer-242	173	4	come	come	VERB
ajeer-242	173	5	from	from	ADP
ajeer-242	173	6	the	the	DET
ajeer-242	173	7	fact	fact	NOUN
ajeer-242	173	8	that	that	SCONJ
ajeer-242	173	9	this	this	DET
ajeer-242	173	10	study	study	NOUN
ajeer-242	173	11	’s	’s	PART
ajeer-242	173	12	estimation	estimation	NOUN
ajeer-242	173	13	covers	cover	VERB
ajeer-242	173	14	the	the	DET
ajeer-242	173	15	period	period	NOUN
ajeer-242	173	16	after	after	ADP
ajeer-242	173	17	2015	2015	NUM
ajeer-242	173	18	when	when	SCONJ
ajeer-242	173	19	the	the	DET
ajeer-242	173	20	bank	bank	NOUN
ajeer-242	173	21	of	of	ADP
ajeer-242	173	22	thailand	thailand	PROPN
ajeer-242	173	23	has	have	AUX
ajeer-242	173	24	upgraded	upgrade	VERB
ajeer-242	173	25	its	its	PRON
ajeer-242	173	26	inflation	inflation	NOUN
ajeer-242	173	27	targeting	target	VERB
ajeer-242	173	28	framework	framework	NOUN
ajeer-242	173	29	by	by	ADP
ajeer-242	173	30	transforming	transform	VERB
ajeer-242	173	31	it	it	PRON
ajeer-242	173	32	from	from	ADP
ajeer-242	173	33	range	range	NOUN
ajeer-242	173	34	target	target	NOUN
ajeer-242	173	35	to	to	PART
ajeer-242	173	36	point	point	VERB
ajeer-242	173	37	target	target	NOUN
ajeer-242	173	38	to	to	PART
ajeer-242	173	39	provide	provide	VERB
ajeer-242	173	40	a	a	DET
ajeer-242	173	41	clearer	clear	ADJ
ajeer-242	173	42	policy	policy	NOUN
ajeer-242	173	43	signal	signal	NOUN
ajeer-242	173	44	to	to	ADP
ajeer-242	173	45	the	the	DET
ajeer-242	173	46	public	public	NOUN
ajeer-242	173	47	as	as	SCONJ
ajeer-242	173	48	mentioned	mention	VERB
ajeer-242	173	49	in	in	ADP
ajeer-242	173	50	section	section	NOUN
ajeer-242	173	51	2	2	NUM
ajeer-242	173	52	.	.	PUNCT
ajeer-242	173	53	second	second	ADJ
ajeer-242	173	54	,	,	PUNCT
ajeer-242	173	55	the	the	DET
ajeer-242	173	56	thailand	thailand	PROPN
ajeer-242	173	57	inflation	inflation	NOUN
ajeer-242	173	58	-	-	PUNCT
ajeer-242	173	59	responsive	responsive	ADJ
ajeer-242	173	60	rule	rule	NOUN
ajeer-242	173	61	is	be	AUX
ajeer-242	173	62	countercyclical	countercyclical	ADJ
ajeer-242	173	63	enough	enough	ADV
ajeer-242	173	64	to	to	PART
ajeer-242	173	65	affect	affect	VERB
ajeer-242	173	66	real	real	ADJ
ajeer-242	173	67	interest	interest	NOUN
ajeer-242	173	68	rate	rate	NOUN
ajeer-242	173	69	,	,	PUNCT
ajeer-242	173	70	since	since	SCONJ
ajeer-242	173	71	the	the	DET
ajeer-242	173	72	magnitude	magnitude	NOUN
ajeer-242	173	73	of	of	ADP
ajeer-242	173	74	the	the	DET
ajeer-242	173	75	response	response	NOUN
ajeer-242	173	76	to	to	ADP
ajeer-242	173	77	inflation	inflation	NOUN
ajeer-242	173	78	is	be	AUX
ajeer-242	173	79	more	more	ADJ
ajeer-242	173	80	than	than	ADP
ajeer-242	173	81	unity	unity	NOUN
ajeer-242	173	82	.	.	PUNCT
ajeer-242	174	1	this	this	DET
ajeer-242	174	2	countercyclical	countercyclical	ADJ
ajeer-242	174	3	rule	rule	NOUN
ajeer-242	174	4	seems	seem	VERB
ajeer-242	174	5	to	to	PART
ajeer-242	174	6	be	be	AUX
ajeer-242	174	7	similar	similar	ADJ
ajeer-242	174	8	to	to	ADP
ajeer-242	174	9	those	those	PRON
ajeer-242	174	10	of	of	ADP
ajeer-242	174	11	advanced	advanced	ADJ
ajeer-242	174	12	economies	economy	NOUN
ajeer-242	174	13	;	;	PUNCT
ajeer-242	174	14	the	the	DET
ajeer-242	174	15	magnitude	magnitude	NOUN
ajeer-242	174	16	of	of	ADP
ajeer-242	174	17	the	the	DET
ajeer-242	174	18	bank	bank	NOUN
ajeer-242	174	19	of	of	ADP
ajeer-242	174	20	thailand	thailand	PROPN
ajeer-242	174	21	in	in	ADP
ajeer-242	174	22	this	this	DET
ajeer-242	174	23	study	study	NOUN
ajeer-242	174	24	,	,	PUNCT
ajeer-242	174	25	1.966	1.966	NUM
ajeer-242	174	26	,	,	PUNCT
ajeer-242	174	27	is	be	AUX
ajeer-242	174	28	comparable	comparable	ADJ
ajeer-242	174	29	to	to	ADP
ajeer-242	174	30	those	those	PRON
ajeer-242	174	31	of	of	ADP
ajeer-242	174	32	the	the	DET
ajeer-242	174	33	bundesbank	bundesbank	NOUN
ajeer-242	174	34	(	(	PUNCT
ajeer-242	174	35	1.31	1.31	NUM
ajeer-242	174	36	)	)	PUNCT
ajeer-242	174	37	,	,	PUNCT
ajeer-242	174	38	the	the	DET
ajeer-242	174	39	bank	bank	NOUN
ajeer-242	174	40	of	of	ADP
ajeer-242	174	41	japan	japan	PROPN
ajeer-242	174	42	(	(	PUNCT
ajeer-242	174	43	2.04	2.04	NUM
ajeer-242	174	44	)	)	PUNCT
ajeer-242	174	45	and	and	CCONJ
ajeer-242	174	46	the	the	DET
ajeer-242	174	47	federal	federal	PROPN
ajeer-242	174	48	reserve	reserve	NOUN
ajeer-242	174	49	system	system	NOUN
ajeer-242	174	50	in	in	ADP
ajeer-242	174	51	usa	usa	PROPN
ajeer-242	174	52	(	(	PUNCT
ajeer-242	174	53	1.79	1.79	NUM
ajeer-242	174	54	)	)	PUNCT
ajeer-242	174	55	.	.	PUNCT
ajeer-242	175	1	this	this	DET
ajeer-242	175	2	study	study	NOUN
ajeer-242	175	3	’s	’s	PART
ajeer-242	175	4	magnitude	magnitude	NOUN
ajeer-242	175	5	is	be	AUX
ajeer-242	175	6	also	also	ADV
ajeer-242	175	7	consistent	consistent	ADJ
ajeer-242	175	8	with	with	ADP
ajeer-242	175	9	that	that	PRON
ajeer-242	175	10	of	of	ADP
ajeer-242	175	11	the	the	DET
ajeer-242	175	12	previous	previous	ADJ
ajeer-242	175	13	study	study	NOUN
ajeer-242	175	14	,	,	PUNCT
ajeer-242	175	15	for	for	ADP
ajeer-242	175	16	instance	instance	NOUN
ajeer-242	175	17	,	,	PUNCT
ajeer-242	175	18	1.969	1.969	NUM
ajeer-242	175	19	in	in	ADP
ajeer-242	175	20	taguchi	taguchi	PROPN
ajeer-242	175	21	and	and	CCONJ
ajeer-242	175	22	kato	kato	PROPN
ajeer-242	175	23	(	(	PUNCT
ajeer-242	175	24	2011	2011	NUM
ajeer-242	175	25	)	)	PUNCT
ajeer-242	175	26	.	.	PUNCT
ajeer-242	176	1	third	third	ADJ
ajeer-242	176	2	,	,	PUNCT
ajeer-242	176	3	the	the	DET
ajeer-242	176	4	thailand	thailand	PROPN
ajeer-242	176	5	monetary	monetary	ADJ
ajeer-242	176	6	policy	policy	NOUN
ajeer-242	176	7	rule	rule	NOUN
ajeer-242	176	8	is	be	AUX
ajeer-242	176	9	also	also	ADV
ajeer-242	176	10	responsive	responsive	ADJ
ajeer-242	176	11	to	to	ADP
ajeer-242	176	12	exchange	exchange	VERB
ajeer-242	176	13	rate	rate	NOUN
ajeer-242	176	14	movement	movement	NOUN
ajeer-242	176	15	.	.	PUNCT
ajeer-242	177	1	it	it	PRON
ajeer-242	177	2	might	might	AUX
ajeer-242	177	3	reflect	reflect	VERB
ajeer-242	177	4	the	the	DET
ajeer-242	177	5	fact	fact	NOUN
ajeer-242	177	6	that	that	SCONJ
ajeer-242	177	7	the	the	DET
ajeer-242	177	8	bank	bank	NOUN
ajeer-242	177	9	of	of	ADP
ajeer-242	177	10	thailand	thailand	PROPN
ajeer-242	177	11	has	have	AUX
ajeer-242	177	12	still	still	ADV
ajeer-242	177	13	taken	take	VERB
ajeer-242	177	14	a	a	DET
ajeer-242	177	15	role	role	NOUN
ajeer-242	177	16	to	to	PART
ajeer-242	177	17	avoid	avoid	VERB
ajeer-242	177	18	the	the	DET
ajeer-242	177	19	excess	excess	NOUN
ajeer-242	177	20	of	of	ADP
ajeer-242	177	21	volatility	volatility	NOUN
ajeer-242	177	22	of	of	ADP
ajeer-242	177	23	the	the	DET
ajeer-242	177	24	value	value	NOUN
ajeer-242	177	25	of	of	ADP
ajeer-242	177	26	the	the	DET
ajeer-242	177	27	baht	baht	NOUN
ajeer-242	177	28	,	,	PUNCT
ajeer-242	177	29	particularly	particularly	ADV
ajeer-242	177	30	resulting	result	VERB
ajeer-242	177	31	from	from	ADP
ajeer-242	177	32	speculative	speculative	ADJ
ajeer-242	177	33	capital	capital	NOUN
ajeer-242	177	34	flow	flow	NOUN
ajeer-242	177	35	,	,	PUNCT
ajeer-242	177	36	through	through	ADP
ajeer-242	177	37	the	the	DET
ajeer-242	177	38	intervention	intervention	NOUN
ajeer-242	177	39	in	in	ADP
ajeer-242	177	40	foreign	foreign	ADJ
ajeer-242	177	41	exchange	exchange	NOUN
ajeer-242	177	42	market	market	NOUN
ajeer-242	177	43	,	,	PUNCT
ajeer-242	177	44	even	even	ADV
ajeer-242	177	45	under	under	ADP
ajeer-242	177	46	the	the	DET
ajeer-242	177	47	inflation	inflation	NOUN
ajeer-242	177	48	targeting	target	VERB
ajeer-242	177	49	regime.5	regime.5	VERB
ajeer-242	177	50	the	the	DET
ajeer-242	177	51	exchange	exchange	NOUN
ajeer-242	177	52	-	-	PUNCT
ajeer-242	177	53	rate	rate	NOUN
ajeer-242	177	54	responsive	responsive	ADJ
ajeer-242	177	55	rule	rule	NOUN
ajeer-242	177	56	seems	seem	VERB
ajeer-242	177	57	to	to	PART
ajeer-242	177	58	be	be	AUX
ajeer-242	177	59	related	relate	VERB
ajeer-242	177	60	to	to	ADP
ajeer-242	177	61	the	the	DET
ajeer-242	177	62	problem	problem	NOUN
ajeer-242	177	63	of	of	ADP
ajeer-242	177	64	“	"	PUNCT
ajeer-242	177	65	fear	fear	NOUN
ajeer-242	177	66	of	of	ADP
ajeer-242	177	67	floating	float	VERB
ajeer-242	177	68	”	"	PUNCT
ajeer-242	177	69	in	in	ADP
ajeer-242	177	70	emerging	emerge	VERB
ajeer-242	177	71	market	market	NOUN
ajeer-242	177	72	economies	economy	NOUN
ajeer-242	177	73	including	include	VERB
ajeer-242	177	74	thailand	thailand	PROPN
ajeer-242	177	75	.	.	PUNCT
ajeer-242	178	1	this	this	DET
ajeer-242	178	2	rule	rule	NOUN
ajeer-242	178	3	is	be	AUX
ajeer-242	178	4	also	also	ADV
ajeer-242	178	5	consistent	consistent	ADJ
ajeer-242	178	6	with	with	ADP
ajeer-242	178	7	the	the	DET
ajeer-242	178	8	one	one	NOUN
ajeer-242	178	9	that	that	PRON
ajeer-242	178	10	lueangwilai	lueangwilai	NOUN
ajeer-242	178	11	(	(	PUNCT
ajeer-242	178	12	2012	2012	NUM
ajeer-242	178	13	)	)	PUNCT
ajeer-242	178	14	described	describe	VERB
ajeer-242	178	15	as	as	ADP
ajeer-242	178	16	responding	respond	VERB
ajeer-242	178	17	to	to	ADP
ajeer-242	178	18	inflation	inflation	NOUN
ajeer-242	178	19	and	and	CCONJ
ajeer-242	178	20	exchange	exchange	NOUN
ajeer-242	178	21	rate	rate	NOUN
ajeer-242	178	22	movement	movement	NOUN
ajeer-242	178	23	.	.	PUNCT
ajeer-242	179	1	lastly	lastly	ADV
ajeer-242	179	2	,	,	PUNCT
ajeer-242	179	3	it	it	PRON
ajeer-242	179	4	should	should	AUX
ajeer-242	179	5	be	be	AUX
ajeer-242	179	6	noted	note	VERB
ajeer-242	179	7	that	that	SCONJ
ajeer-242	179	8	the	the	DET
ajeer-242	179	9	adjustment	adjustment	NOUN
ajeer-242	179	10	speed	speed	NOUN
ajeer-242	179	11	of	of	ADP
ajeer-242	179	12	a	a	DET
ajeer-242	179	13	policy	policy	NOUN
ajeer-242	179	14	interest	interest	NOUN
ajeer-242	179	15	rate	rate	NOUN
ajeer-242	179	16	toward	toward	ADP
ajeer-242	179	17	its	its	PRON
ajeer-242	179	18	target	target	NOUN
ajeer-242	179	19	rate	rate	NOUN
ajeer-242	179	20	in	in	ADP
ajeer-242	179	21	the	the	DET
ajeer-242	179	22	operation	operation	NOUN
ajeer-242	179	23	of	of	ADP
ajeer-242	179	24	the	the	DET
ajeer-242	179	25	bank	bank	PROPN
ajeer-242	179	26	of	of	ADP
ajeer-242	179	27	thailand	thailand	PROPN
ajeer-242	179	28	is	be	AUX
ajeer-242	179	29	slower	slow	ADJ
ajeer-242	179	30	than	than	ADP
ajeer-242	179	31	those	those	PRON
ajeer-242	179	32	in	in	ADP
ajeer-242	179	33	central	central	ADJ
ajeer-242	179	34	banks	bank	NOUN
ajeer-242	179	35	in	in	ADP
ajeer-242	179	36	advanced	advanced	ADJ
ajeer-242	179	37	economies	economy	NOUN
ajeer-242	179	38	.	.	PUNCT
ajeer-242	180	1	the	the	DET
ajeer-242	180	2	smoothing	smooth	VERB
ajeer-242	180	3	speed	speed	NOUN
ajeer-242	180	4	ρ	ρ	PROPN
ajeer-242	180	5	for	for	ADP
ajeer-242	180	6	thailand	thailand	PROPN
ajeer-242	180	7	is	be	AUX
ajeer-242	180	8	0.927	0.927	NUM
ajeer-242	180	9	in	in	ADP
ajeer-242	180	10	“	"	PUNCT
ajeer-242	180	11	quarterly	quarterly	ADJ
ajeer-242	180	12	”	"	PUNCT
ajeer-242	180	13	base	base	NOUN
ajeer-242	180	14	,	,	PUNCT
ajeer-242	180	15	whereas	whereas	SCONJ
ajeer-242	180	16	the	the	DET
ajeer-242	180	17	“	"	PUNCT
ajeer-242	180	18	monthly	monthly	ADJ
ajeer-242	180	19	”	"	PUNCT
ajeer-242	180	20	smoothing	smooth	VERB
ajeer-242	180	21	speed	speed	NOUN
ajeer-242	180	22	is	be	AUX
ajeer-242	180	23	0.91	0.91	NUM
ajeer-242	180	24	for	for	ADP
ajeer-242	180	25	the	the	DET
ajeer-242	180	26	bundesbank	bundesbank	NOUN
ajeer-242	180	27	;	;	PUNCT
ajeer-242	180	28	0.93	0.93	NUM
ajeer-242	180	29	for	for	ADP
ajeer-242	180	30	the	the	DET
ajeer-242	180	31	bank	bank	PROPN
ajeer-242	180	32	of	of	ADP
ajeer-242	180	33	japan	japan	PROPN
ajeer-242	180	34	,	,	PUNCT
ajeer-242	180	35	and	and	CCONJ
ajeer-242	180	36	0.92	0.92	NUM
ajeer-242	180	37	for	for	ADP
ajeer-242	180	38	the	the	DET
ajeer-242	180	39	federal	federal	PROPN
ajeer-242	180	40	reserve	reserve	PROPN
ajeer-242	180	41	system	system	NOUN
ajeer-242	180	42	,	,	PUNCT
ajeer-242	180	43	respectively	respectively	ADV
ajeer-242	180	44	.	.	PUNCT
ajeer-242	181	1	the	the	DET
ajeer-242	181	2	thailand	thailand	PROPN
ajeer-242	181	3	adjustment	adjustment	NOUN
ajeer-242	181	4	speed	speed	NOUN
ajeer-242	181	5	is	be	AUX
ajeer-242	181	6	,	,	PUNCT
ajeer-242	181	7	thus	thus	ADV
ajeer-242	181	8	,	,	PUNCT
ajeer-242	181	9	about	about	ADV
ajeer-242	181	10	one	one	NUM
ajeer-242	181	11	-	-	PUNCT
ajeer-242	181	12	third	third	NOUN
ajeer-242	181	13	of	of	ADP
ajeer-242	181	14	those	those	PRON
ajeer-242	181	15	in	in	ADP
ajeer-242	181	16	the	the	DET
ajeer-242	181	17	g3	g3	NOUN
ajeer-242	181	18	countries	country	NOUN
ajeer-242	181	19	.	.	PUNCT
ajeer-242	182	1	to	to	PART
ajeer-242	182	2	sum	sum	VERB
ajeer-242	182	3	up	up	ADP
ajeer-242	182	4	,	,	PUNCT
ajeer-242	182	5	the	the	DET
ajeer-242	182	6	thailand	thailand	PROPN
ajeer-242	182	7	monetary	monetary	ADJ
ajeer-242	182	8	policy	policy	NOUN
ajeer-242	182	9	rule	rule	NOUN
ajeer-242	182	10	under	under	ADP
ajeer-242	182	11	the	the	DET
ajeer-242	182	12	inflation	inflation	NOUN
ajeer-242	182	13	targeting	target	VERB
ajeer-242	182	14	is	be	AUX
ajeer-242	182	15	characterized	characterize	VERB
ajeer-242	182	16	as	as	ADP
ajeer-242	182	17	an	an	DET
ajeer-242	182	18	inflationand	inflationand	NOUN
ajeer-242	182	19	exchange	exchange	NOUN
ajeer-242	182	20	-	-	PUNCT
ajeer-242	182	21	rateresponsive	rateresponsive	ADJ
ajeer-242	182	22	rule	rule	NOUN
ajeer-242	182	23	with	with	ADP
ajeer-242	182	24	forward	forward	ADV
ajeer-242	182	25	-	-	PUNCT
ajeer-242	182	26	looking	look	VERB
ajeer-242	182	27	manner	manner	NOUN
ajeer-242	182	28	(	(	PUNCT
ajeer-242	182	29	one	one	NUM
ajeer-242	182	30	quarter	quarter	NOUN
ajeer-242	182	31	ahead	ahead	ADV
ajeer-242	182	32	)	)	PUNCT
ajeer-242	182	33	,	,	PUNCT
ajeer-242	182	34	which	which	PRON
ajeer-242	182	35	is	be	AUX
ajeer-242	182	36	countercyclical	countercyclical	ADJ
ajeer-242	182	37	against	against	ADP
ajeer-242	182	38	inflation	inflation	NOUN
ajeer-242	182	39	in	in	ADP
ajeer-242	182	40	the	the	DET
ajeer-242	182	41	long	long	ADJ
ajeer-242	182	42	run	run	NOUN
ajeer-242	182	43	,	,	PUNCT
ajeer-242	182	44	but	but	CCONJ
ajeer-242	182	45	is	be	AUX
ajeer-242	182	46	accompanied	accompany	VERB
ajeer-242	182	47	with	with	ADP
ajeer-242	182	48	slow	slow	ADJ
ajeer-242	182	49	adjustment	adjustment	NOUN
ajeer-242	182	50	toward	toward	ADP
ajeer-242	182	51	a	a	DET
ajeer-242	182	52	target	target	NOUN
ajeer-242	182	53	policy	policy	NOUN
ajeer-242	182	54	rate	rate	NOUN
ajeer-242	182	55	.	.	PUNCT
ajeer-242	183	1	5	5	NUM
ajeer-242	183	2	the	the	DET
ajeer-242	183	3	description	description	NOUN
ajeer-242	183	4	of	of	ADP
ajeer-242	183	5	this	this	DET
ajeer-242	183	6	sentence	sentence	NOUN
ajeer-242	183	7	is	be	AUX
ajeer-242	183	8	based	base	VERB
ajeer-242	183	9	on	on	ADP
ajeer-242	183	10	the	the	DET
ajeer-242	183	11	website	website	NOUN
ajeer-242	183	12	of	of	ADP
ajeer-242	183	13	the	the	DET
ajeer-242	183	14	bank	bank	PROPN
ajeer-242	183	15	of	of	ADP
ajeer-242	183	16	thailand	thailand	PROPN
ajeer-242	183	17	.	.	PUNCT
ajeer-242	184	1	see	see	VERB
ajeer-242	184	2	:	:	PUNCT
ajeer-242	184	3	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/exchangerate.aspx	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/exchangerate.aspx	AUX
ajeer-242	184	4	forward	forward	ADV
ajeer-242	184	5	-	-	PUNCT
ajeer-242	184	6	looking	look	VERB
ajeer-242	184	7	πt+1	πt+1	PROPN
ajeer-242	184	8	πt+2	πt+2	NUM
ajeer-242	184	9	πt+3	πt+3	VERB
ajeer-242	184	10	πt+4	πt+4	X
ajeer-242	184	11	(	(	PUNCT
ajeer-242	184	12	1	1	NUM
ajeer-242	184	13	-	-	NUM
ajeer-242	184	14	ρ	ρ	NUM
ajeer-242	184	15	)	)	PUNCT
ajeer-242	184	16	*	*	PUNCT
ajeer-242	184	17	α	α	NOUN
ajeer-242	184	18	-0.121	-0.121	PUNCT
ajeer-242	184	19	(	(	PUNCT
ajeer-242	184	20	-0.745	-0.745	NUM
ajeer-242	184	21	)	)	PUNCT
ajeer-242	184	22	-0.456	-0.456	PUNCT
ajeer-242	184	23	(	(	PUNCT
ajeer-242	184	24	-1.569	-1.569	NOUN
ajeer-242	184	25	)	)	PUNCT
ajeer-242	184	26	-0.423	-0.423	NOUN
ajeer-242	184	27	(	(	PUNCT
ajeer-242	184	28	-1.197	-1.197	NOUN
ajeer-242	184	29	)	)	PUNCT
ajeer-242	184	30	0.688	0.688	NUM
ajeer-242	184	31	(	(	PUNCT
ajeer-242	184	32	0.983	0.983	NUM
ajeer-242	184	33	)	)	PUNCT
ajeer-242	184	34	(	(	PUNCT
ajeer-242	184	35	1	1	NUM
ajeer-242	184	36	-	-	PUNCT
ajeer-242	184	37	ρ)*β	ρ)*β	NOUN
ajeer-242	184	38	0.143	0.143	NUM
ajeer-242	184	39	*	*	PUNCT
ajeer-242	185	1	*	*	PUNCT
ajeer-242	185	2	*	*	PUNCT
ajeer-242	185	3	(	(	PUNCT
ajeer-242	185	4	3.820	3.820	NUM
ajeer-242	185	5	)	)	PUNCT
ajeer-242	185	6	0.080	0.080	NUM
ajeer-242	185	7	*	*	PUNCT
ajeer-242	185	8	(	(	PUNCT
ajeer-242	185	9	1.904	1.904	NUM
ajeer-242	185	10	)	)	PUNCT
ajeer-242	185	11	0.077	0.077	NUM
ajeer-242	185	12	*	*	PUNCT
ajeer-242	185	13	(	(	PUNCT
ajeer-242	185	14	1.914	1.914	NUM
ajeer-242	185	15	)	)	PUNCT
ajeer-242	185	16	-0.044	-0.044	PROPN
ajeer-242	185	17	(	(	PUNCT
ajeer-242	185	18	-1.338	-1.338	PROPN
ajeer-242	185	19	)	)	PUNCT
ajeer-242	185	20	(	(	PUNCT
ajeer-242	185	21	1	1	NUM
ajeer-242	185	22	-	-	PUNCT
ajeer-242	185	23	ρ)*γ	ρ)*γ	NOUN
ajeer-242	185	24	0.001	0.001	NUM
ajeer-242	185	25	(	(	PUNCT
ajeer-242	185	26	0.044	0.044	NUM
ajeer-242	185	27	)	)	PUNCT
ajeer-242	185	28	0.053	0.053	NUM
ajeer-242	185	29	(	(	PUNCT
ajeer-242	185	30	0.644	0.644	NUM
ajeer-242	185	31	)	)	PUNCT
ajeer-242	185	32	0.110	0.110	NUM
ajeer-242	185	33	(	(	PUNCT
ajeer-242	185	34	1.428	1.428	NUM
ajeer-242	185	35	)	)	PUNCT
ajeer-242	185	36	0.118	0.118	NUM
ajeer-242	185	37	(	(	PUNCT
ajeer-242	185	38	1.441	1.441	NUM
ajeer-242	185	39	)	)	PUNCT
ajeer-242	185	40	(	(	PUNCT
ajeer-242	185	41	1	1	NUM
ajeer-242	185	42	-	-	NUM
ajeer-242	185	43	ρ)*δ	ρ)*δ	PROPN
ajeer-242	185	44	0.017	0.017	NUM
ajeer-242	185	45	*	*	PUNCT
ajeer-242	185	46	*	*	PUNCT
ajeer-242	185	47	(	(	PUNCT
ajeer-242	185	48	2.392	2.392	NUM
ajeer-242	185	49	)	)	PUNCT
ajeer-242	185	50	0.014	0.014	NUM
ajeer-242	185	51	(	(	PUNCT
ajeer-242	185	52	1.104	1.104	NUM
ajeer-242	185	53	)	)	PUNCT
ajeer-242	185	54	0.015	0.015	NUM
ajeer-242	185	55	(	(	PUNCT
ajeer-242	185	56	1.327	1.327	NUM
ajeer-242	185	57	)	)	PUNCT
ajeer-242	185	58	-0.006	-0.006	PROPN
ajeer-242	185	59	(	(	PUNCT
ajeer-242	185	60	-0.304	-0.304	PROPN
ajeer-242	185	61	)	)	PUNCT
ajeer-242	185	62	ρ	ρ	NOUN
ajeer-242	185	63	0.927	0.927	NUM
ajeer-242	185	64	*	*	PUNCT
ajeer-242	185	65	*	*	PUNCT
ajeer-242	185	66	*	*	PUNCT
ajeer-242	185	67	(	(	PUNCT
ajeer-242	185	68	12.051	12.051	NUM
ajeer-242	185	69	)	)	PUNCT
ajeer-242	185	70	1.150	1.150	NUM
ajeer-242	185	71	*	*	PUNCT
ajeer-242	185	72	*	*	PUNCT
ajeer-242	185	73	*	*	PUNCT
ajeer-242	185	74	(	(	PUNCT
ajeer-242	185	75	10.094	10.094	NUM
ajeer-242	185	76	)	)	PUNCT
ajeer-242	185	77	1.138	1.138	NUM
ajeer-242	185	78	*	*	PUNCT
ajeer-242	185	79	*	*	PUNCT
ajeer-242	185	80	*	*	PUNCT
ajeer-242	185	81	(	(	PUNCT
ajeer-242	185	82	8.180	8.180	NUM
ajeer-242	185	83	)	)	PUNCT
ajeer-242	185	84	0.721	0.721	NUM
ajeer-242	186	1	*	*	PUNCT
ajeer-242	186	2	*	*	PUNCT
ajeer-242	186	3	*	*	PUNCT
ajeer-242	186	4	(	(	PUNCT
ajeer-242	186	5	2.728	2.728	NUM
ajeer-242	186	6	)	)	PUNCT
ajeer-242	186	7	j	j	PROPN
ajeer-242	186	8	-	-	PUNCT
ajeer-242	186	9	statistics	statistic	NOUN
ajeer-242	186	10	2.802	2.802	NUM
ajeer-242	186	11	(	(	PUNCT
ajeer-242	186	12	0.246	0.246	NUM
ajeer-242	186	13	)	)	PUNCT
ajeer-242	186	14	2.359	2.359	NUM
ajeer-242	186	15	(	(	PUNCT
ajeer-242	186	16	0.307	0.307	NUM
ajeer-242	186	17	)	)	PUNCT
ajeer-242	186	18	2.935	2.935	NUM
ajeer-242	186	19	(	(	PUNCT
ajeer-242	186	20	0.230	0.230	NUM
ajeer-242	186	21	)	)	PUNCT
ajeer-242	186	22	4.622	4.622	NUM
ajeer-242	186	23	*	*	PUNCT
ajeer-242	186	24	(	(	PUNCT
ajeer-242	186	25	0.099	0.099	NUM
ajeer-242	186	26	)	)	PUNCT
ajeer-242	186	27	long	long	ADJ
ajeer-242	186	28	-	-	PUNCT
ajeer-242	186	29	term	term	NOUN
ajeer-242	186	30	coefficients	coefficient	NOUN
ajeer-242	186	31	α	α	DET
ajeer-242	186	32	-1.667	-1.667	NOUN
ajeer-242	186	33	2.470	2.470	NUM
ajeer-242	186	34	β	β	NOUN
ajeer-242	186	35	1.966	1.966	NUM
ajeer-242	186	36	*	*	PUNCT
ajeer-242	186	37	*	*	PUNCT
ajeer-242	186	38	*	*	PUNCT
ajeer-242	186	39	-0.160	-0.160	PROPN
ajeer-242	186	40	γ	γ	PROPN
ajeer-242	186	41	0.027	0.027	NUM
ajeer-242	186	42	0.426	0.426	NUM
ajeer-242	186	43	δ	δ	NOUN
ajeer-242	186	44	0.246	0.246	NUM
ajeer-242	187	1	*	*	PUNCT
ajeer-242	187	2	*	*	PUNCT
ajeer-242	187	3	-0.023	-0.023	VERB
ajeer-242	187	4	backward	backward	ADV
ajeer-242	187	5	-	-	PUNCT
ajeer-242	187	6	looking	look	VERB
ajeer-242	187	7	πt	πt	ADP
ajeer-242	187	8	πt-1	πt-1	PUNCT
ajeer-242	187	9	πt-2	πt-2	ADV
ajeer-242	187	10	πt-3	πt-3	ADV
ajeer-242	187	11	(	(	PUNCT
ajeer-242	187	12	1	1	NUM
ajeer-242	187	13	-	-	NUM
ajeer-242	187	14	ρ	ρ	NUM
ajeer-242	187	15	)	)	PUNCT
ajeer-242	187	16	*	*	PUNCT
ajeer-242	187	17	α	α	X
ajeer-242	187	18	0.043	0.043	NUM
ajeer-242	187	19	(	(	PUNCT
ajeer-242	187	20	0.195	0.195	NUM
ajeer-242	187	21	)	)	PUNCT
ajeer-242	187	22	0.107	0.107	NUM
ajeer-242	187	23	(	(	PUNCT
ajeer-242	187	24	0.698	0.698	NUM
ajeer-242	187	25	)	)	PUNCT
ajeer-242	188	1	0.267	0.267	NUM
ajeer-242	188	2	*	*	PUNCT
ajeer-242	188	3	(	(	PUNCT
ajeer-242	188	4	1.795	1.795	NUM
ajeer-242	188	5	)	)	PUNCT
ajeer-242	188	6	0.555	0.555	NUM
ajeer-242	188	7	*	*	PUNCT
ajeer-242	188	8	*	*	PUNCT
ajeer-242	188	9	(	(	PUNCT
ajeer-242	188	10	2.204	2.204	NUM
ajeer-242	188	11	)	)	PUNCT
ajeer-242	188	12	(	(	PUNCT
ajeer-242	188	13	1	1	NUM
ajeer-242	188	14	-	-	PUNCT
ajeer-242	188	15	ρ)*β	ρ)*β	NOUN
ajeer-242	188	16	0.089	0.089	NUM
ajeer-242	188	17	*	*	PUNCT
ajeer-242	188	18	*	*	PUNCT
ajeer-242	188	19	(	(	PUNCT
ajeer-242	188	20	2.270	2.270	NUM
ajeer-242	188	21	)	)	PUNCT
ajeer-242	188	22	0.033	0.033	NUM
ajeer-242	188	23	(	(	PUNCT
ajeer-242	188	24	0.897	0.897	NUM
ajeer-242	188	25	)	)	PUNCT
ajeer-242	188	26	0.050	0.050	NUM
ajeer-242	188	27	(	(	PUNCT
ajeer-242	188	28	0.945	0.945	NUM
ajeer-242	188	29	)	)	PUNCT
ajeer-242	188	30	0.081	0.081	NUM
ajeer-242	188	31	(	(	PUNCT
ajeer-242	188	32	1.574	1.574	NUM
ajeer-242	188	33	)	)	PUNCT
ajeer-242	188	34	(	(	PUNCT
ajeer-242	188	35	1	1	NUM
ajeer-242	188	36	-	-	NUM
ajeer-242	188	37	ρ)*γ	ρ)*γ	NOUN
ajeer-242	188	38	-0.010	-0.010	PUNCT
ajeer-242	188	39	(	(	PUNCT
ajeer-242	188	40	-0.269	-0.269	NUM
ajeer-242	188	41	)	)	PUNCT
ajeer-242	188	42	0.029	0.029	NUM
ajeer-242	188	43	(	(	PUNCT
ajeer-242	188	44	0.520	0.520	NUM
ajeer-242	188	45	)	)	PUNCT
ajeer-242	188	46	0.068	0.068	NUM
ajeer-242	188	47	(	(	PUNCT
ajeer-242	188	48	1.453	1.453	NUM
ajeer-242	188	49	)	)	PUNCT
ajeer-242	188	50	0.153	0.153	NUM
ajeer-242	189	1	*	*	PUNCT
ajeer-242	189	2	*	*	PUNCT
ajeer-242	189	3	(	(	PUNCT
ajeer-242	189	4	2.094	2.094	NUM
ajeer-242	189	5	)	)	PUNCT
ajeer-242	189	6	(	(	PUNCT
ajeer-242	189	7	1	1	NUM
ajeer-242	189	8	-	-	PUNCT
ajeer-242	189	9	ρ)*δ	ρ)*δ	PROPN
ajeer-242	189	10	0.009	0.009	NUM
ajeer-242	189	11	(	(	PUNCT
ajeer-242	189	12	1.049	1.049	NUM
ajeer-242	189	13	)	)	PUNCT
ajeer-242	189	14	0.003	0.003	NUM
ajeer-242	189	15	(	(	PUNCT
ajeer-242	189	16	0.386	0.386	NUM
ajeer-242	189	17	)	)	PUNCT
ajeer-242	189	18	0.003	0.003	NUM
ajeer-242	189	19	(	(	PUNCT
ajeer-242	189	20	0.311	0.311	NUM
ajeer-242	189	21	)	)	PUNCT
ajeer-242	189	22	0.006	0.006	NUM
ajeer-242	189	23	(	(	PUNCT
ajeer-242	189	24	0.474	0.474	NUM
ajeer-242	189	25	)	)	PUNCT
ajeer-242	189	26	ρ	ρ	NOUN
ajeer-242	189	27	0.900	0.900	NUM
ajeer-242	189	28	*	*	PUNCT
ajeer-242	189	29	*	*	PUNCT
ajeer-242	189	30	*	*	PUNCT
ajeer-242	189	31	(	(	PUNCT
ajeer-242	189	32	7.125	7.125	NUM
ajeer-242	189	33	)	)	PUNCT
ajeer-242	189	34	0.922	0.922	NUM
ajeer-242	189	35	*	*	PUNCT
ajeer-242	189	36	*	*	PUNCT
ajeer-242	189	37	*	*	PUNCT
ajeer-242	189	38	(	(	PUNCT
ajeer-242	189	39	12.467	12.467	NUM
ajeer-242	189	40	)	)	PUNCT
ajeer-242	189	41	0.834	0.834	NUM
ajeer-242	189	42	*	*	PUNCT
ajeer-242	189	43	*	*	PUNCT
ajeer-242	189	44	*	*	PUNCT
ajeer-242	189	45	(	(	PUNCT
ajeer-242	189	46	8.894	8.894	NUM
ajeer-242	189	47	)	)	PUNCT
ajeer-242	189	48	0.689	0.689	NUM
ajeer-242	190	1	*	*	PUNCT
ajeer-242	190	2	*	*	PUNCT
ajeer-242	190	3	*	*	PUNCT
ajeer-242	190	4	(	(	PUNCT
ajeer-242	190	5	4.743	4.743	NUM
ajeer-242	190	6	)	)	PUNCT
ajeer-242	190	7	j	j	PROPN
ajeer-242	190	8	-	-	PUNCT
ajeer-242	190	9	statistics	statistics	PROPN
ajeer-242	190	10	2.555	2.555	NUM
ajeer-242	190	11	(	(	PUNCT
ajeer-242	190	12	0.278	0.278	NUM
ajeer-242	190	13	)	)	PUNCT
ajeer-242	190	14	2.201	2.201	NUM
ajeer-242	190	15	(	(	PUNCT
ajeer-242	190	16	0.332	0.332	NUM
ajeer-242	190	17	)	)	PUNCT
ajeer-242	190	18	2.562	2.562	NUM
ajeer-242	190	19	(	(	PUNCT
ajeer-242	190	20	0.227	0.227	NUM
ajeer-242	190	21	)	)	PUNCT
ajeer-242	190	22	0.453	0.453	NUM
ajeer-242	190	23	(	(	PUNCT
ajeer-242	190	24	0.797	0.797	NUM
ajeer-242	190	25	)	)	PUNCT
ajeer-242	190	26	long	long	ADJ
ajeer-242	190	27	-	-	PUNCT
ajeer-242	190	28	term	term	NOUN
ajeer-242	190	29	coefficients	coefficient	NOUN
ajeer-242	190	30	α	α	PROPN
ajeer-242	190	31	0.440	0.440	NUM
ajeer-242	190	32	1.387	1.387	NUM
ajeer-242	190	33	1.612	1.612	NUM
ajeer-242	190	34	*	*	NOUN
ajeer-242	190	35	1.789	1.789	NUM
ajeer-242	190	36	*	*	PUNCT
ajeer-242	190	37	*	*	PUNCT
ajeer-242	190	38	β	β	X
ajeer-242	190	39	0.895	0.895	NUM
ajeer-242	190	40	*	*	PUNCT
ajeer-242	190	41	*	*	PUNCT
ajeer-242	190	42	0.430	0.430	NUM
ajeer-242	190	43	0.302	0.302	NUM
ajeer-242	190	44	0.262	0.262	NUM
ajeer-242	190	45	γ	γ	NOUN
ajeer-242	190	46	-0.107	-0.107	ADP
ajeer-242	190	47	0.380	0.380	NUM
ajeer-242	190	48	0.415	0.415	NUM
ajeer-242	190	49	0.493	0.493	NUM
ajeer-242	190	50	*	*	PUNCT
ajeer-242	190	51	*	*	PUNCT
ajeer-242	190	52	δ	δ	PROPN
ajeer-242	190	53	0.092	0.092	NUM
ajeer-242	190	54	0.050	0.050	NUM
ajeer-242	190	55	0.020	0.020	NUM
ajeer-242	190	56	0.020	0.020	NUM
ajeer-242	190	57	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/exchangerate.aspx	https://www.bot.or.th/english/monetarypolicy/monetpolicyknowledge/pages/exchangerate.aspx	NOUN
ajeer-242	190	58	asian	asian	ADJ
ajeer-242	190	59	journal	journal	NOUN
ajeer-242	190	60	of	of	ADP
ajeer-242	190	61	economics	economic	NOUN
ajeer-242	190	62	and	and	CCONJ
ajeer-242	190	63	empirical	empirical	ADJ
ajeer-242	190	64	research	research	NOUN
ajeer-242	190	65	,	,	PUNCT
ajeer-242	190	66	2018	2018	NUM
ajeer-242	190	67	,	,	PUNCT
ajeer-242	190	68	5(1	5(1	NUM
ajeer-242	190	69	):	):	PUNCT
ajeer-242	190	70	19	19	NUM
ajeer-242	190	71	-	-	SYM
ajeer-242	190	72	28	28	NUM
ajeer-242	190	73	26	26	NUM
ajeer-242	190	74	4.2	4.2	NUM
ajeer-242	190	75	.	.	PUNCT
ajeer-242	191	1	policy	policy	NOUN
ajeer-242	191	2	transmission	transmission	NOUN
ajeer-242	191	3	effect	effect	NOUN
ajeer-242	191	4	on	on	ADP
ajeer-242	191	5	inflation	inflation	NOUN
ajeer-242	191	6	this	this	DET
ajeer-242	191	7	section	section	NOUN
ajeer-242	191	8	examines	examine	VERB
ajeer-242	191	9	whether	whether	SCONJ
ajeer-242	191	10	the	the	DET
ajeer-242	191	11	thailand	thailand	PROPN
ajeer-242	191	12	monetary	monetary	ADJ
ajeer-242	191	13	policy	policy	NOUN
ajeer-242	191	14	rule	rule	NOUN
ajeer-242	191	15	would	would	AUX
ajeer-242	191	16	actually	actually	ADV
ajeer-242	191	17	have	have	VERB
ajeer-242	191	18	its	its	PRON
ajeer-242	191	19	transmission	transmission	NOUN
ajeer-242	191	20	effect	effect	NOUN
ajeer-242	191	21	on	on	ADP
ajeer-242	191	22	inflation	inflation	NOUN
ajeer-242	191	23	,	,	PUNCT
ajeer-242	191	24	through	through	ADP
ajeer-242	191	25	tracing	trace	VERB
ajeer-242	191	26	the	the	DET
ajeer-242	191	27	impulse	impulse	ADJ
ajeer-242	191	28	responses	response	NOUN
ajeer-242	191	29	of	of	ADP
ajeer-242	191	30	inflation	inflation	NOUN
ajeer-242	191	31	rate	rate	NOUN
ajeer-242	191	32	to	to	ADP
ajeer-242	191	33	monetary	monetary	ADJ
ajeer-242	191	34	policy	policy	NOUN
ajeer-242	191	35	shocks	shock	NOUN
ajeer-242	191	36	in	in	ADP
ajeer-242	191	37	var	var	NOUN
ajeer-242	191	38	and	and	CCONJ
ajeer-242	191	39	structural	structural	ADJ
ajeer-242	191	40	var	var	NOUN
ajeer-242	191	41	(	(	PUNCT
ajeer-242	191	42	svar	svar	NOUN
ajeer-242	191	43	)	)	PUNCT
ajeer-242	191	44	models	model	NOUN
ajeer-242	191	45	.	.	PUNCT
ajeer-242	192	1	the	the	DET
ajeer-242	192	2	ordinary	ordinary	ADJ
ajeer-242	192	3	var	var	NOUN
ajeer-242	192	4	model	model	NOUN
ajeer-242	192	5	was	be	AUX
ajeer-242	192	6	traditionally	traditionally	ADV
ajeer-242	192	7	used	use	VERB
ajeer-242	192	8	for	for	ADP
ajeer-242	192	9	examining	examine	VERB
ajeer-242	192	10	the	the	DET
ajeer-242	192	11	effects	effect	NOUN
ajeer-242	192	12	of	of	ADP
ajeer-242	192	13	monetary	monetary	ADJ
ajeer-242	192	14	policy	policy	NOUN
ajeer-242	192	15	shocks	shock	NOUN
ajeer-242	192	16	,	,	PUNCT
ajeer-242	192	17	for	for	ADP
ajeer-242	192	18	instance	instance	NOUN
ajeer-242	192	19	,	,	PUNCT
ajeer-242	192	20	by	by	ADP
ajeer-242	192	21	christiano	christiano	PROPN
ajeer-242	192	22	et	et	PROPN
ajeer-242	192	23	al	al	PROPN
ajeer-242	192	24	.	.	PROPN
ajeer-242	193	1	(	(	PUNCT
ajeer-242	193	2	1996	1996	NUM
ajeer-242	193	3	)	)	PUNCT
ajeer-242	193	4	.	.	PUNCT
ajeer-242	194	1	it	it	PRON
ajeer-242	194	2	was	be	AUX
ajeer-242	194	3	also	also	ADV
ajeer-242	194	4	applied	apply	VERB
ajeer-242	194	5	to	to	ADP
ajeer-242	194	6	investigating	investigate	VERB
ajeer-242	194	7	economic	economic	ADJ
ajeer-242	194	8	impacts	impact	NOUN
ajeer-242	194	9	of	of	ADP
ajeer-242	194	10	the	the	DET
ajeer-242	194	11	thailand	thailand	PROPN
ajeer-242	194	12	monetary	monetary	ADJ
ajeer-242	194	13	policy	policy	NOUN
ajeer-242	194	14	shocks	shock	NOUN
ajeer-242	194	15	(	(	PUNCT
ajeer-242	194	16	e.g.	e.g.	ADV
ajeer-242	194	17	,	,	PUNCT
ajeer-242	194	18	taguchi	taguchi	PROPN
ajeer-242	194	19	and	and	CCONJ
ajeer-242	194	20	kato	kato	PROPN
ajeer-242	194	21	(	(	PUNCT
ajeer-242	194	22	2011	2011	NUM
ajeer-242	194	23	)	)	PUNCT
ajeer-242	194	24	)	)	PUNCT
ajeer-242	194	25	.	.	PUNCT
ajeer-242	195	1	then	then	ADV
ajeer-242	195	2	,	,	PUNCT
ajeer-242	195	3	the	the	DET
ajeer-242	195	4	var	var	NOUN
ajeer-242	195	5	model	model	NOUN
ajeer-242	195	6	has	have	AUX
ajeer-242	195	7	been	be	AUX
ajeer-242	195	8	developed	develop	VERB
ajeer-242	195	9	into	into	ADP
ajeer-242	195	10	the	the	DET
ajeer-242	195	11	svar	svar	PROPN
ajeer-242	195	12	model	model	NOUN
ajeer-242	195	13	under	under	ADP
ajeer-242	195	14	the	the	DET
ajeer-242	195	15	assumption	assumption	NOUN
ajeer-242	195	16	that	that	SCONJ
ajeer-242	195	17	the	the	DET
ajeer-242	195	18	concerned	concerned	ADJ
ajeer-242	195	19	variables	variable	NOUN
ajeer-242	195	20	should	should	AUX
ajeer-242	195	21	be	be	AUX
ajeer-242	195	22	contemporaneously	contemporaneously	ADV
ajeer-242	195	23	and	and	CCONJ
ajeer-242	195	24	dynamically	dynamically	ADV
ajeer-242	195	25	interdependent	interdependent	ADJ
ajeer-242	195	26	.	.	PUNCT
ajeer-242	196	1	the	the	DET
ajeer-242	196	2	svar	svar	PROPN
ajeer-242	196	3	has	have	AUX
ajeer-242	196	4	become	become	VERB
ajeer-242	196	5	more	more	ADV
ajeer-242	196	6	popular	popular	ADJ
ajeer-242	196	7	than	than	ADP
ajeer-242	196	8	the	the	DET
ajeer-242	196	9	ordinary	ordinary	ADJ
ajeer-242	196	10	var	var	NOUN
ajeer-242	196	11	,	,	PUNCT
ajeer-242	196	12	since	since	SCONJ
ajeer-242	196	13	theoretical	theoretical	ADJ
ajeer-242	196	14	and	and	CCONJ
ajeer-242	196	15	empirical	empirical	ADJ
ajeer-242	196	16	grounds	ground	NOUN
ajeer-242	196	17	can	can	AUX
ajeer-242	196	18	be	be	AUX
ajeer-242	196	19	incorporated	incorporate	VERB
ajeer-242	196	20	for	for	ADP
ajeer-242	196	21	imposing	impose	VERB
ajeer-242	196	22	the	the	DET
ajeer-242	196	23	restrictions	restriction	NOUN
ajeer-242	196	24	on	on	ADP
ajeer-242	196	25	the	the	DET
ajeer-242	196	26	model	model	NOUN
ajeer-242	196	27	.	.	PUNCT
ajeer-242	197	1	christiano	christiano	PROPN
ajeer-242	197	2	et	et	PROPN
ajeer-242	197	3	al	al	PROPN
ajeer-242	197	4	.	.	PROPN
ajeer-242	198	1	(	(	PUNCT
ajeer-242	198	2	1999	1999	NUM
ajeer-242	198	3	)	)	PUNCT
ajeer-242	198	4	for	for	ADP
ajeer-242	198	5	instance	instance	NOUN
ajeer-242	198	6	,	,	PUNCT
ajeer-242	198	7	applied	apply	VERB
ajeer-242	198	8	the	the	DET
ajeer-242	198	9	svar	svar	NOUN
ajeer-242	198	10	to	to	ADP
ajeer-242	198	11	examining	examine	VERB
ajeer-242	198	12	the	the	DET
ajeer-242	198	13	effects	effect	NOUN
ajeer-242	198	14	of	of	ADP
ajeer-242	198	15	monetary	monetary	ADJ
ajeer-242	198	16	policy	policy	NOUN
ajeer-242	198	17	shocks	shock	NOUN
ajeer-242	198	18	,	,	PUNCT
ajeer-242	198	19	and	and	CCONJ
ajeer-242	198	20	phiromswad	phiromswad	NOUN
ajeer-242	198	21	(	(	PUNCT
ajeer-242	198	22	2015	2015	NUM
ajeer-242	198	23	)	)	PUNCT
ajeer-242	198	24	and	and	CCONJ
ajeer-242	198	25	arwatchanakarn	arwatchanakarn	ADJ
ajeer-242	198	26	(	(	PUNCT
ajeer-242	198	27	2017	2017	NUM
ajeer-242	198	28	)	)	PUNCT
ajeer-242	198	29	also	also	ADV
ajeer-242	198	30	utilized	utilize	VERB
ajeer-242	198	31	the	the	DET
ajeer-242	198	32	svar	svar	NOUN
ajeer-242	198	33	for	for	ADP
ajeer-242	198	34	the	the	DET
ajeer-242	198	35	analyses	analysis	NOUN
ajeer-242	198	36	of	of	ADP
ajeer-242	198	37	thailand	thailand	PROPN
ajeer-242	198	38	monetary	monetary	ADJ
ajeer-242	198	39	policy	policy	NOUN
ajeer-242	198	40	.	.	PUNCT
ajeer-242	199	1	this	this	DET
ajeer-242	199	2	study	study	NOUN
ajeer-242	199	3	adopts	adopt	VERB
ajeer-242	199	4	the	the	DET
ajeer-242	199	5	same	same	ADJ
ajeer-242	199	6	four	four	NUM
ajeer-242	199	7	variables	variable	NOUN
ajeer-242	199	8	as	as	ADP
ajeer-242	199	9	in	in	ADP
ajeer-242	199	10	the	the	DET
ajeer-242	199	11	policy	policy	NOUN
ajeer-242	199	12	reaction	reaction	NOUN
ajeer-242	199	13	function	function	NOUN
ajeer-242	199	14	for	for	ADP
ajeer-242	199	15	the	the	DET
ajeer-242	199	16	model	model	NOUN
ajeer-242	199	17	construction	construction	NOUN
ajeer-242	199	18	:	:	PUNCT
ajeer-242	199	19	policy	policy	NOUN
ajeer-242	199	20	interest	interest	NOUN
ajeer-242	199	21	rate	rate	NOUN
ajeer-242	199	22	(	(	PUNCT
ajeer-242	199	23	por	por	NOUN
ajeer-242	199	24	)	)	PUNCT
ajeer-242	199	25	,	,	PUNCT
ajeer-242	199	26	inflation	inflation	NOUN
ajeer-242	199	27	rate	rate	NOUN
ajeer-242	199	28	(	(	PUNCT
ajeer-242	199	29	π	π	PROPN
ajeer-242	199	30	)	)	PUNCT
ajeer-242	199	31	,	,	PUNCT
ajeer-242	199	32	gdp	gdp	NOUN
ajeer-242	199	33	gap	gap	NOUN
ajeer-242	199	34	(	(	PUNCT
ajeer-242	199	35	gap	gap	NOUN
ajeer-242	199	36	)	)	PUNCT
ajeer-242	199	37	and	and	CCONJ
ajeer-242	199	38	exchange	exchange	NOUN
ajeer-242	199	39	rate	rate	NOUN
ajeer-242	199	40	(	(	PUNCT
ajeer-242	199	41	exr	exr	PROPN
ajeer-242	199	42	)	)	PUNCT
ajeer-242	199	43	,	,	PUNCT
ajeer-242	199	44	since	since	SCONJ
ajeer-242	199	45	the	the	DET
ajeer-242	199	46	variables	variable	NOUN
ajeer-242	199	47	here	here	ADV
ajeer-242	199	48	should	should	AUX
ajeer-242	199	49	be	be	AUX
ajeer-242	199	50	consistent	consistent	ADJ
ajeer-242	199	51	with	with	ADP
ajeer-242	199	52	those	those	PRON
ajeer-242	199	53	used	use	VERB
ajeer-242	199	54	in	in	ADP
ajeer-242	199	55	the	the	DET
ajeer-242	199	56	policy	policy	NOUN
ajeer-242	199	57	reaction	reaction	NOUN
ajeer-242	199	58	function	function	NOUN
ajeer-242	199	59	so	so	SCONJ
ajeer-242	199	60	that	that	SCONJ
ajeer-242	199	61	the	the	DET
ajeer-242	199	62	implementation	implementation	NOUN
ajeer-242	199	63	and	and	CCONJ
ajeer-242	199	64	performance	performance	NOUN
ajeer-242	199	65	of	of	ADP
ajeer-242	199	66	the	the	DET
ajeer-242	199	67	thailand	thailand	PROPN
ajeer-242	199	68	inflation	inflation	NOUN
ajeer-242	199	69	targeting	target	VERB
ajeer-242	199	70	can	can	AUX
ajeer-242	199	71	be	be	AUX
ajeer-242	199	72	simultaneously	simultaneously	ADV
ajeer-242	199	73	examined	examine	VERB
ajeer-242	199	74	.	.	PUNCT
ajeer-242	200	1	the	the	DET
ajeer-242	200	2	variables	variable	NOUN
ajeer-242	200	3	in	in	ADP
ajeer-242	200	4	this	this	DET
ajeer-242	200	5	study	study	NOUN
ajeer-242	200	6	are	be	AUX
ajeer-242	200	7	confined	confine	VERB
ajeer-242	200	8	to	to	ADP
ajeer-242	200	9	the	the	DET
ajeer-242	200	10	four	four	NUM
ajeer-242	200	11	indicators	indicator	NOUN
ajeer-242	200	12	above	above	ADV
ajeer-242	200	13	,	,	PUNCT
ajeer-242	200	14	also	also	ADV
ajeer-242	200	15	because	because	SCONJ
ajeer-242	200	16	the	the	DET
ajeer-242	200	17	purpose	purpose	NOUN
ajeer-242	200	18	of	of	ADP
ajeer-242	200	19	this	this	DET
ajeer-242	200	20	study	study	NOUN
ajeer-242	200	21	is	be	AUX
ajeer-242	200	22	not	not	PART
ajeer-242	200	23	to	to	PART
ajeer-242	200	24	deal	deal	VERB
ajeer-242	200	25	directly	directly	ADV
ajeer-242	200	26	with	with	ADP
ajeer-242	200	27	the	the	DET
ajeer-242	200	28	transmission	transmission	NOUN
ajeer-242	200	29	channels	channel	NOUN
ajeer-242	200	30	and	and	CCONJ
ajeer-242	200	31	mechanisms	mechanism	NOUN
ajeer-242	200	32	inside	inside	ADV
ajeer-242	200	33	of	of	ADP
ajeer-242	200	34	the	the	DET
ajeer-242	200	35	thailand	thailand	PROPN
ajeer-242	200	36	monetary	monetary	ADJ
ajeer-242	200	37	markets	market	NOUN
ajeer-242	200	38	.	.	PUNCT
ajeer-242	201	1	the	the	DET
ajeer-242	201	2	study	study	NOUN
ajeer-242	201	3	also	also	ADV
ajeer-242	201	4	uses	use	VERB
ajeer-242	201	5	the	the	DET
ajeer-242	201	6	modified	modify	VERB
ajeer-242	201	7	version	version	NOUN
ajeer-242	201	8	of	of	ADP
ajeer-242	201	9	variables	variable	NOUN
ajeer-242	201	10	through	through	ADP
ajeer-242	201	11	first	first	ADJ
ajeer-242	201	12	difference	difference	NOUN
ajeer-242	201	13	except	except	SCONJ
ajeer-242	201	14	for	for	ADP
ajeer-242	201	15	policy	policy	NOUN
ajeer-242	201	16	interest	interest	NOUN
ajeer-242	201	17	rate	rate	NOUN
ajeer-242	201	18	:	:	PUNCT
ajeer-242	201	19	d(π	d(π	PROPN
ajeer-242	201	20	)	)	PUNCT
ajeer-242	201	21	,	,	PUNCT
ajeer-242	201	22	d(gap	d(gap	PROPN
ajeer-242	201	23	)	)	PUNCT
ajeer-242	201	24	and	and	CCONJ
ajeer-242	201	25	d(exr	d(exr	PROPN
ajeer-242	201	26	)	)	PUNCT
ajeer-242	201	27	,	,	PUNCT
ajeer-242	201	28	in	in	ADP
ajeer-242	201	29	order	order	NOUN
ajeer-242	201	30	to	to	PART
ajeer-242	201	31	investigate	investigate	VERB
ajeer-242	201	32	a	a	DET
ajeer-242	201	33	“	"	PUNCT
ajeer-242	201	34	marginal	marginal	ADJ
ajeer-242	201	35	”	"	PUNCT
ajeer-242	201	36	effect	effect	NOUN
ajeer-242	201	37	of	of	ADP
ajeer-242	201	38	monetary	monetary	ADJ
ajeer-242	201	39	policy	policy	NOUN
ajeer-242	201	40	shocks	shock	NOUN
ajeer-242	201	41	we	we	PRON
ajeer-242	201	42	start	start	VERB
ajeer-242	201	43	to	to	PART
ajeer-242	201	44	specify	specify	VERB
ajeer-242	201	45	an	an	DET
ajeer-242	201	46	equation	equation	NOUN
ajeer-242	201	47	for	for	ADP
ajeer-242	201	48	the	the	DET
ajeer-242	201	49	ordinary	ordinary	ADJ
ajeer-242	201	50	var	var	NOUN
ajeer-242	201	51	estimation	estimation	NOUN
ajeer-242	201	52	in	in	ADP
ajeer-242	201	53	the	the	DET
ajeer-242	201	54	following	following	ADJ
ajeer-242	201	55	way	way	NOUN
ajeer-242	201	56	.	.	PUNCT
ajeer-242	202	1	(	(	PUNCT
ajeer-242	202	2	7	7	X
ajeer-242	202	3	)	)	PUNCT
ajeer-242	202	4	where	where	SCONJ
ajeer-242	202	5	is	be	AUX
ajeer-242	202	6	a	a	DET
ajeer-242	202	7	column	column	NOUN
ajeer-242	202	8	vector	vector	NOUN
ajeer-242	202	9	of	of	ADP
ajeer-242	202	10	the	the	DET
ajeer-242	202	11	endogenous	endogenous	ADJ
ajeer-242	202	12	variables	variable	NOUN
ajeer-242	202	13	with	with	ADP
ajeer-242	202	14	year	year	NOUN
ajeer-242	202	15	t	t	PROPN
ajeer-242	202	16	,	,	PUNCT
ajeer-242	202	17	i.e.	i.e.	X
ajeer-242	202	18	,	,	PUNCT
ajeer-242	202	19	(	(	PUNCT
ajeer-242	202	20	)	)	PUNCT
ajeer-242	202	21	for	for	ADP
ajeer-242	202	22	examining	examine	VERB
ajeer-242	202	23	an	an	DET
ajeer-242	202	24	ordinary	ordinary	ADJ
ajeer-242	202	25	policy	policy	NOUN
ajeer-242	202	26	transmission	transmission	NOUN
ajeer-242	202	27	effect	effect	NOUN
ajeer-242	202	28	,	,	PUNCT
ajeer-242	202	29	and	and	CCONJ
ajeer-242	202	30	(	(	PUNCT
ajeer-242	202	31	(	(	PUNCT
ajeer-242	202	32	)	)	PUNCT
ajeer-242	202	33	(	(	PUNCT
ajeer-242	202	34	)	)	PUNCT
ajeer-242	202	35	(	(	PUNCT
ajeer-242	202	36	)	)	PUNCT
ajeer-242	202	37	)	)	PUNCT
ajeer-242	202	38	for	for	ADP
ajeer-242	202	39	examining	examine	VERB
ajeer-242	202	40	a	a	DET
ajeer-242	202	41	marginal	marginal	ADJ
ajeer-242	202	42	transmission	transmission	NOUN
ajeer-242	202	43	effect	effect	NOUN
ajeer-242	202	44	;	;	PUNCT
ajeer-242	202	45	is	be	AUX
ajeer-242	202	46	a	a	DET
ajeer-242	202	47	constant	constant	ADJ
ajeer-242	202	48	vector	vector	NOUN
ajeer-242	202	49	;	;	PUNCT
ajeer-242	202	50	is	be	AUX
ajeer-242	202	51	a	a	DET
ajeer-242	202	52	coefficient	coefficient	NOUN
ajeer-242	202	53	matrix	matrix	NOUN
ajeer-242	202	54	;	;	PUNCT
ajeer-242	202	55	is	be	AUX
ajeer-242	202	56	a	a	DET
ajeer-242	202	57	vector	vector	NOUN
ajeer-242	202	58	of	of	ADP
ajeer-242	202	59	the	the	DET
ajeer-242	202	60	lagged	lag	VERB
ajeer-242	202	61	endogenous	endogenous	ADJ
ajeer-242	202	62	variables	variable	NOUN
ajeer-242	202	63	;	;	PUNCT
ajeer-242	202	64	and	and	CCONJ
ajeer-242	202	65	is	be	AUX
ajeer-242	202	66	a	a	DET
ajeer-242	202	67	vector	vector	NOUN
ajeer-242	202	68	of	of	ADP
ajeer-242	202	69	the	the	DET
ajeer-242	202	70	random	random	ADJ
ajeer-242	202	71	error	error	NOUN
ajeer-242	202	72	terms	term	NOUN
ajeer-242	202	73	in	in	ADP
ajeer-242	202	74	the	the	DET
ajeer-242	202	75	system	system	NOUN
ajeer-242	202	76	.	.	PUNCT
ajeer-242	203	1	the	the	DET
ajeer-242	203	2	lag	lag	NOUN
ajeer-242	203	3	length	length	NOUN
ajeer-242	203	4	(	(	PUNCT
ajeer-242	203	5	-1	-1	INTJ
ajeer-242	203	6	)	)	PUNCT
ajeer-242	203	7	is	be	AUX
ajeer-242	203	8	selected	select	VERB
ajeer-242	203	9	by	by	ADP
ajeer-242	203	10	the	the	DET
ajeer-242	203	11	schwarz	schwarz	PROPN
ajeer-242	203	12	information	information	NOUN
ajeer-242	203	13	criterion	criterion	NOUN
ajeer-242	203	14	with	with	ADP
ajeer-242	203	15	maximum	maximum	ADJ
ajeer-242	203	16	lag	lag	NOUN
ajeer-242	203	17	being	be	AUX
ajeer-242	203	18	equal	equal	ADJ
ajeer-242	203	19	to	to	ADP
ajeer-242	203	20	(	(	PUNCT
ajeer-242	203	21	-2	-2	INTJ
ajeer-242	203	22	)	)	PUNCT
ajeer-242	203	23	under	under	ADP
ajeer-242	203	24	the	the	DET
ajeer-242	203	25	limited	limited	ADJ
ajeer-242	203	26	number	number	NOUN
ajeer-242	203	27	of	of	ADP
ajeer-242	203	28	observations	observation	NOUN
ajeer-242	203	29	from	from	ADP
ajeer-242	203	30	the	the	DET
ajeer-242	203	31	second	second	ADJ
ajeer-242	203	32	quarter	quarter	NOUN
ajeer-242	203	33	of	of	ADP
ajeer-242	203	34	2000	2000	NUM
ajeer-242	203	35	to	to	ADP
ajeer-242	203	36	the	the	DET
ajeer-242	203	37	second	second	ADJ
ajeer-242	203	38	quarter	quarter	NOUN
ajeer-242	203	39	of	of	ADP
ajeer-242	203	40	2017	2017	NUM
ajeer-242	203	41	.	.	PUNCT
ajeer-242	204	1	based	base	VERB
ajeer-242	204	2	on	on	ADP
ajeer-242	204	3	the	the	DET
ajeer-242	204	4	var	var	PROPN
ajeer-242	204	5	model	model	PROPN
ajeer-242	204	6	estimation	estimation	NOUN
ajeer-242	204	7	above	above	ADV
ajeer-242	204	8	,	,	PUNCT
ajeer-242	204	9	we	we	PRON
ajeer-242	204	10	examine	examine	VERB
ajeer-242	204	11	the	the	DET
ajeer-242	204	12	impulse	impulse	ADJ
ajeer-242	204	13	responses	response	NOUN
ajeer-242	204	14	of	of	ADP
ajeer-242	204	15	inflation	inflation	NOUN
ajeer-242	204	16	rate	rate	NOUN
ajeer-242	204	17	to	to	ADP
ajeer-242	204	18	the	the	DET
ajeer-242	204	19	shock	shock	NOUN
ajeer-242	204	20	of	of	ADP
ajeer-242	204	21	policy	policy	NOUN
ajeer-242	204	22	interest	interest	NOUN
ajeer-242	204	23	rate	rate	NOUN
ajeer-242	204	24	in	in	ADP
ajeer-242	204	25	terms	term	NOUN
ajeer-242	204	26	of	of	ADP
ajeer-242	204	27	ordinary	ordinary	ADJ
ajeer-242	204	28	and	and	CCONJ
ajeer-242	204	29	marginal	marginal	ADJ
ajeer-242	204	30	transmission	transmission	NOUN
ajeer-242	204	31	effects	effect	NOUN
ajeer-242	204	32	.	.	PUNCT
ajeer-242	205	1	in	in	ADP
ajeer-242	205	2	examining	examine	VERB
ajeer-242	205	3	the	the	DET
ajeer-242	205	4	impulse	impulse	ADJ
ajeer-242	205	5	response	response	NOUN
ajeer-242	205	6	,	,	PUNCT
ajeer-242	205	7	the	the	DET
ajeer-242	205	8	structural	structural	ADJ
ajeer-242	205	9	policy	policy	NOUN
ajeer-242	205	10	shock	shock	NOUN
ajeer-242	205	11	should	should	AUX
ajeer-242	205	12	be	be	AUX
ajeer-242	205	13	identified	identify	VERB
ajeer-242	205	14	by	by	ADP
ajeer-242	205	15	applying	apply	VERB
ajeer-242	205	16	the	the	DET
ajeer-242	205	17	svar	svar	PROPN
ajeer-242	205	18	model	model	NOUN
ajeer-242	205	19	under	under	ADP
ajeer-242	205	20	the	the	DET
ajeer-242	205	21	assumption	assumption	NOUN
ajeer-242	205	22	of	of	ADP
ajeer-242	205	23	the	the	DET
ajeer-242	205	24	contemporaneous	contemporaneous	ADJ
ajeer-242	205	25	relationship	relationship	NOUN
ajeer-242	205	26	among	among	ADP
ajeer-242	205	27	the	the	DET
ajeer-242	205	28	sampled	sampled	ADJ
ajeer-242	205	29	four	four	NUM
ajeer-242	205	30	variables	variable	NOUN
ajeer-242	205	31	.	.	PUNCT
ajeer-242	206	1	for	for	ADP
ajeer-242	206	2	that	that	DET
ajeer-242	206	3	purpose	purpose	NOUN
ajeer-242	206	4	,	,	PUNCT
ajeer-242	206	5	there	there	PRON
ajeer-242	206	6	are	be	VERB
ajeer-242	206	7	several	several	ADJ
ajeer-242	206	8	approaches	approach	NOUN
ajeer-242	206	9	to	to	PART
ajeer-242	206	10	impose	impose	VERB
ajeer-242	206	11	the	the	DET
ajeer-242	206	12	restrictions	restriction	NOUN
ajeer-242	206	13	to	to	PART
ajeer-242	206	14	identify	identify	VERB
ajeer-242	206	15	structural	structural	ADJ
ajeer-242	206	16	shocks	shock	NOUN
ajeer-242	206	17	:	:	PUNCT
ajeer-242	206	18	short	short	ADJ
ajeer-242	206	19	-	-	PUNCT
ajeer-242	206	20	run	run	NOUN
ajeer-242	206	21	restriction	restriction	NOUN
ajeer-242	206	22	and	and	CCONJ
ajeer-242	206	23	long	long	ADV
ajeer-242	206	24	-	-	PUNCT
ajeer-242	206	25	run	run	NOUN
ajeer-242	206	26	restriction	restriction	NOUN
ajeer-242	206	27	.	.	PUNCT
ajeer-242	207	1	this	this	DET
ajeer-242	207	2	study	study	NOUN
ajeer-242	207	3	,	,	PUNCT
ajeer-242	207	4	as	as	ADP
ajeer-242	207	5	in	in	ADP
ajeer-242	207	6	christiano	christiano	PROPN
ajeer-242	207	7	et	et	PROPN
ajeer-242	207	8	al	al	PROPN
ajeer-242	207	9	.	.	PROPN
ajeer-242	208	1	(	(	PUNCT
ajeer-242	208	2	1999	1999	NUM
ajeer-242	208	3	)	)	PUNCT
ajeer-242	208	4	adopts	adopt	VERB
ajeer-242	208	5	the	the	DET
ajeer-242	208	6	short	short	ADJ
ajeer-242	208	7	-	-	PUNCT
ajeer-242	208	8	run	run	NOUN
ajeer-242	208	9	restriction	restriction	NOUN
ajeer-242	208	10	by	by	ADP
ajeer-242	208	11	assuming	assume	VERB
ajeer-242	208	12	the	the	DET
ajeer-242	208	13	existence	existence	NOUN
ajeer-242	208	14	of	of	ADP
ajeer-242	208	15	time	time	NOUN
ajeer-242	208	16	-	-	PUNCT
ajeer-242	208	17	lag	lag	NOUN
ajeer-242	208	18	for	for	ADP
ajeer-242	208	19	policy	policy	NOUN
ajeer-242	208	20	reaction	reaction	NOUN
ajeer-242	208	21	so	so	SCONJ
ajeer-242	208	22	that	that	SCONJ
ajeer-242	208	23	policy	policy	NOUN
ajeer-242	208	24	rate	rate	NOUN
ajeer-242	208	25	can	can	AUX
ajeer-242	208	26	keep	keep	VERB
ajeer-242	208	27	a	a	DET
ajeer-242	208	28	recursive	recursive	ADJ
ajeer-242	208	29	linkage	linkage	NOUN
ajeer-242	208	30	with	with	ADP
ajeer-242	208	31	inflation	inflation	NOUN
ajeer-242	208	32	rate	rate	NOUN
ajeer-242	208	33	,	,	PUNCT
ajeer-242	208	34	gdp	gdp	NOUN
ajeer-242	208	35	gap	gap	NOUN
ajeer-242	208	36	and	and	CCONJ
ajeer-242	208	37	exchange	exchange	NOUN
ajeer-242	208	38	rate	rate	NOUN
ajeer-242	208	39	.	.	PUNCT
ajeer-242	209	1	the	the	DET
ajeer-242	209	2	impulse	impulse	ADJ
ajeer-242	209	3	responses	response	NOUN
ajeer-242	209	4	of	of	ADP
ajeer-242	209	5	inflation	inflation	NOUN
ajeer-242	209	6	to	to	ADP
ajeer-242	209	7	the	the	DET
ajeer-242	209	8	structural	structural	ADJ
ajeer-242	209	9	shock	shock	NOUN
ajeer-242	209	10	of	of	ADP
ajeer-242	209	11	policy	policy	NOUN
ajeer-242	209	12	rate	rate	NOUN
ajeer-242	209	13	under	under	ADP
ajeer-242	209	14	the	the	DET
ajeer-242	209	15	svar	svar	NOUN
ajeer-242	209	16	are	be	AUX
ajeer-242	209	17	also	also	ADV
ajeer-242	209	18	presented	present	VERB
ajeer-242	209	19	together	together	ADV
ajeer-242	209	20	with	with	ADP
ajeer-242	209	21	the	the	DET
ajeer-242	209	22	ordinary	ordinary	ADJ
ajeer-242	209	23	impulse	impulse	ADJ
ajeer-242	209	24	responses	response	NOUN
ajeer-242	209	25	.	.	PUNCT
ajeer-242	210	1	table	table	NOUN
ajeer-242	210	2	3	3	NUM
ajeer-242	210	3	and	and	CCONJ
ajeer-242	210	4	figure	figure	VERB
ajeer-242	210	5	3	3	NUM
ajeer-242	210	6	respectively	respectively	ADV
ajeer-242	210	7	report	report	VERB
ajeer-242	210	8	the	the	DET
ajeer-242	210	9	estimation	estimation	NOUN
ajeer-242	210	10	outcomes	outcome	NOUN
ajeer-242	210	11	of	of	ADP
ajeer-242	210	12	var	var	NOUN
ajeer-242	210	13	model	model	NOUN
ajeer-242	210	14	and	and	CCONJ
ajeer-242	210	15	the	the	DET
ajeer-242	210	16	impulse	impulse	ADJ
ajeer-242	210	17	responses	response	NOUN
ajeer-242	210	18	of	of	ADP
ajeer-242	210	19	inflation	inflation	NOUN
ajeer-242	210	20	rate	rate	NOUN
ajeer-242	210	21	to	to	ADP
ajeer-242	210	22	the	the	DET
ajeer-242	210	23	ordinary	ordinary	ADJ
ajeer-242	210	24	and	and	CCONJ
ajeer-242	210	25	structural	structural	ADJ
ajeer-242	210	26	shocks	shock	NOUN
ajeer-242	210	27	of	of	ADP
ajeer-242	210	28	policy	policy	NOUN
ajeer-242	210	29	rate	rate	NOUN
ajeer-242	210	30	with	with	ADP
ajeer-242	210	31	95	95	NUM
ajeer-242	210	32	percent	percent	NOUN
ajeer-242	210	33	error	error	NOUN
ajeer-242	210	34	bands	band	NOUN
ajeer-242	210	35	over	over	ADP
ajeer-242	210	36	a	a	DET
ajeer-242	210	37	8	8	NUM
ajeer-242	210	38	-	-	PUNCT
ajeer-242	210	39	quarter	quarter	NOUN
ajeer-242	210	40	horizon	horizon	NOUN
ajeer-242	210	41	,	,	PUNCT
ajeer-242	210	42	in	in	ADP
ajeer-242	210	43	terms	term	NOUN
ajeer-242	210	44	of	of	ADP
ajeer-242	210	45	ordinary	ordinary	ADJ
ajeer-242	210	46	and	and	CCONJ
ajeer-242	210	47	marginal	marginal	ADJ
ajeer-242	210	48	transmission	transmission	NOUN
ajeer-242	210	49	effects	effect	NOUN
ajeer-242	210	50	.	.	PUNCT
ajeer-242	211	1	according	accord	VERB
ajeer-242	211	2	to	to	ADP
ajeer-242	211	3	the	the	DET
ajeer-242	211	4	ordinary	ordinary	ADJ
ajeer-242	211	5	transmission	transmission	NOUN
ajeer-242	211	6	effect	effect	NOUN
ajeer-242	211	7	,	,	PUNCT
ajeer-242	211	8	inflation	inflation	NOUN
ajeer-242	211	9	rate	rate	NOUN
ajeer-242	211	10	does	do	AUX
ajeer-242	211	11	not	not	PART
ajeer-242	211	12	respond	respond	VERB
ajeer-242	211	13	significantly	significantly	ADV
ajeer-242	211	14	to	to	ADP
ajeer-242	211	15	the	the	DET
ajeer-242	211	16	policy	policy	NOUN
ajeer-242	211	17	-	-	PUNCT
ajeer-242	211	18	rate	rate	NOUN
ajeer-242	211	19	shock	shock	NOUN
ajeer-242	211	20	in	in	ADP
ajeer-242	211	21	the	the	DET
ajeer-242	211	22	var	var	NOUN
ajeer-242	211	23	model	model	NOUN
ajeer-242	211	24	,	,	PUNCT
ajeer-242	211	25	and	and	CCONJ
ajeer-242	211	26	it	it	PRON
ajeer-242	211	27	responds	respond	VERB
ajeer-242	211	28	even	even	ADV
ajeer-242	211	29	positively	positively	ADV
ajeer-242	211	30	to	to	ADP
ajeer-242	211	31	the	the	DET
ajeer-242	211	32	structural	structural	ADJ
ajeer-242	211	33	shock	shock	NOUN
ajeer-242	211	34	of	of	ADP
ajeer-242	211	35	policy	policy	NOUN
ajeer-242	211	36	-	-	PUNCT
ajeer-242	211	37	rate	rate	NOUN
ajeer-242	211	38	during	during	ADP
ajeer-242	211	39	the	the	DET
ajeer-242	211	40	initial	initial	ADJ
ajeer-242	211	41	four	four	NUM
ajeer-242	211	42	quarters	quarter	NOUN
ajeer-242	211	43	under	under	ADP
ajeer-242	211	44	the	the	DET
ajeer-242	211	45	svar	svar	PROPN
ajeer-242	211	46	model	model	PROPN
ajeer-242	211	47	.	.	PUNCT
ajeer-242	212	1	as	as	ADP
ajeer-242	212	2	for	for	ADP
ajeer-242	212	3	the	the	DET
ajeer-242	212	4	marginal	marginal	ADJ
ajeer-242	212	5	transmission	transmission	NOUN
ajeer-242	212	6	effect	effect	NOUN
ajeer-242	212	7	,	,	PUNCT
ajeer-242	212	8	inflation	inflation	NOUN
ajeer-242	212	9	rate	rate	NOUN
ajeer-242	212	10	responds	respond	VERB
ajeer-242	212	11	negatively	negatively	ADV
ajeer-242	212	12	to	to	ADP
ajeer-242	212	13	the	the	DET
ajeer-242	212	14	policy	policy	NOUN
ajeer-242	212	15	-	-	PUNCT
ajeer-242	212	16	rate	rate	NOUN
ajeer-242	212	17	shock	shock	NOUN
ajeer-242	212	18	from	from	ADP
ajeer-242	212	19	the	the	DET
ajeer-242	212	20	beginning	begin	VERB
ajeer-242	212	21	quarter	quarter	NOUN
ajeer-242	212	22	in	in	ADP
ajeer-242	212	23	the	the	DET
ajeer-242	212	24	var	var	NOUN
ajeer-242	212	25	model	model	NOUN
ajeer-242	212	26	and	and	CCONJ
ajeer-242	212	27	from	from	ADP
ajeer-242	212	28	the	the	DET
ajeer-242	212	29	fifth	fifth	ADJ
ajeer-242	212	30	quarter	quarter	NOUN
ajeer-242	212	31	in	in	ADP
ajeer-242	212	32	the	the	DET
ajeer-242	212	33	svar	svar	PROPN
ajeer-242	212	34	model	model	PROPN
ajeer-242	212	35	.	.	PUNCT
ajeer-242	213	1	the	the	DET
ajeer-242	213	2	results	result	NOUN
ajeer-242	213	3	of	of	ADP
ajeer-242	213	4	impulse	impulse	ADJ
ajeer-242	213	5	response	response	NOUN
ajeer-242	213	6	analyses	analysis	NOUN
ajeer-242	213	7	,	,	PUNCT
ajeer-242	213	8	therefore	therefore	ADV
ajeer-242	213	9	,	,	PUNCT
ajeer-242	213	10	imply	imply	VERB
ajeer-242	213	11	that	that	SCONJ
ajeer-242	213	12	the	the	DET
ajeer-242	213	13	thailand	thailand	PROPN
ajeer-242	213	14	monetary	monetary	ADJ
ajeer-242	213	15	policy	policy	NOUN
ajeer-242	213	16	under	under	ADP
ajeer-242	213	17	inflation	inflation	NOUN
ajeer-242	213	18	targeting	target	VERB
ajeer-242	213	19	has	have	VERB
ajeer-242	213	20	only	only	ADV
ajeer-242	213	21	a	a	DET
ajeer-242	213	22	marginal	marginal	ADJ
ajeer-242	213	23	transmission	transmission	NOUN
ajeer-242	213	24	effect	effect	NOUN
ajeer-242	213	25	on	on	ADP
ajeer-242	213	26	inflation	inflation	NOUN
ajeer-242	213	27	.	.	PUNCT
ajeer-242	214	1	it	it	PRON
ajeer-242	214	2	might	might	AUX
ajeer-242	214	3	be	be	AUX
ajeer-242	214	4	probably	probably	ADV
ajeer-242	214	5	because	because	SCONJ
ajeer-242	214	6	the	the	DET
ajeer-242	214	7	thailand	thailand	PROPN
ajeer-242	214	8	monetary	monetary	ADJ
ajeer-242	214	9	policy	policy	NOUN
ajeer-242	214	10	rule	rule	NOUN
ajeer-242	214	11	is	be	AUX
ajeer-242	214	12	accompanied	accompany	VERB
ajeer-242	214	13	with	with	ADP
ajeer-242	214	14	slow	slow	ADJ
ajeer-242	214	15	adjustment	adjustment	NOUN
ajeer-242	214	16	toward	toward	ADP
ajeer-242	214	17	a	a	DET
ajeer-242	214	18	target	target	NOUN
ajeer-242	214	19	policy	policy	NOUN
ajeer-242	214	20	rate	rate	NOUN
ajeer-242	214	21	,	,	PUNCT
ajeer-242	214	22	although	although	SCONJ
ajeer-242	214	23	the	the	DET
ajeer-242	214	24	rule	rule	NOUN
ajeer-242	214	25	is	be	AUX
ajeer-242	214	26	found	find	VERB
ajeer-242	214	27	to	to	PART
ajeer-242	214	28	be	be	AUX
ajeer-242	214	29	inflation	inflation	NOUN
ajeer-242	214	30	-	-	PUNCT
ajeer-242	214	31	responsive	responsive	ADJ
ajeer-242	214	32	,	,	PUNCT
ajeer-242	214	33	forward	forward	ADV
ajeer-242	214	34	-	-	PUNCT
ajeer-242	214	35	looking	look	VERB
ajeer-242	214	36	and	and	CCONJ
ajeer-242	214	37	countercyclical	countercyclical	ADJ
ajeer-242	214	38	against	against	ADP
ajeer-242	214	39	inflation	inflation	NOUN
ajeer-242	214	40	.	.	PUNCT
ajeer-242	215	1	table-3	table-3	NUM
ajeer-242	215	2	.	.	PUNCT
ajeer-242	215	3	var	var	PROPN
ajeer-242	215	4	model	model	PROPN
ajeer-242	215	5	estimation	estimation	NOUN
ajeer-242	215	6	[	[	X
ajeer-242	215	7	ordinary	ordinary	ADJ
ajeer-242	215	8	transmission	transmission	NOUN
ajeer-242	215	9	effect	effect	NOUN
ajeer-242	215	10	]	]	PUNCT
ajeer-242	215	11	por	por	NOUN
ajeer-242	215	12	π	π	PROPN
ajeer-242	215	13	gap	gap	NOUN
ajeer-242	215	14	exr	exr	PROPN
ajeer-242	215	15	por	por	NOUN
ajeer-242	215	16	(	(	PUNCT
ajeer-242	215	17	-1	-1	INTJ
ajeer-242	215	18	)	)	PUNCT
ajeer-242	215	19	0.823	0.823	NUM
ajeer-242	215	20	*	*	PUNCT
ajeer-242	215	21	*	*	PUNCT
ajeer-242	215	22	*	*	PUNCT
ajeer-242	215	23	(	(	PUNCT
ajeer-242	215	24	15.049	15.049	NUM
ajeer-242	215	25	)	)	PUNCT
ajeer-242	215	26	-0.186	-0.186	NUM
ajeer-242	215	27	(	(	PUNCT
ajeer-242	215	28	-1.034	-1.034	X
ajeer-242	215	29	)	)	PUNCT
ajeer-242	215	30	0.063	0.063	NUM
ajeer-242	215	31	(	(	PUNCT
ajeer-242	215	32	0.268	0.268	NUM
ajeer-242	215	33	)	)	PUNCT
ajeer-242	215	34	-0.710	-0.710	PROPN
ajeer-242	215	35	(	(	PUNCT
ajeer-242	215	36	-1.229	-1.229	X
ajeer-242	215	37	)	)	PUNCT
ajeer-242	215	38	π	π	PROPN
ajeer-242	215	39	(	(	PUNCT
ajeer-242	215	40	-1	-1	PROPN
ajeer-242	215	41	)	)	PUNCT
ajeer-242	215	42	0.090	0.090	NUM
ajeer-242	216	1	*	*	PUNCT
ajeer-242	216	2	*	*	PUNCT
ajeer-242	216	3	(	(	PUNCT
ajeer-242	216	4	3.116	3.116	NUM
ajeer-242	216	5	)	)	PUNCT
ajeer-242	216	6	0.795	0.795	NUM
ajeer-242	217	1	*	*	PUNCT
ajeer-242	217	2	*	*	PUNCT
ajeer-242	217	3	*	*	PUNCT
ajeer-242	217	4	(	(	PUNCT
ajeer-242	217	5	8.322	8.322	NUM
ajeer-242	217	6	)	)	PUNCT
ajeer-242	217	7	-0.063	-0.063	NOUN
ajeer-242	217	8	(	(	PUNCT
ajeer-242	217	9	-0.507	-0.507	NOUN
ajeer-242	217	10	)	)	PUNCT
ajeer-242	217	11	0.337	0.337	NUM
ajeer-242	217	12	(	(	PUNCT
ajeer-242	217	13	1.102	1.102	NUM
ajeer-242	217	14	)	)	PUNCT
ajeer-242	217	15	gap	gap	NOUN
ajeer-242	217	16	(	(	PUNCT
ajeer-242	217	17	-1	-1	PROPN
ajeer-242	217	18	)	)	PUNCT
ajeer-242	217	19	0.011	0.011	NUM
ajeer-242	217	20	(	(	PUNCT
ajeer-242	217	21	0.407	0.407	NUM
ajeer-242	217	22	)	)	PUNCT
ajeer-242	217	23	0.114	0.114	NUM
ajeer-242	217	24	(	(	PUNCT
ajeer-242	217	25	1.236	1.236	NUM
ajeer-242	217	26	)	)	PUNCT
ajeer-242	217	27	0.456	0.456	NUM
ajeer-242	217	28	*	*	PUNCT
ajeer-242	217	29	*	*	PUNCT
ajeer-242	217	30	*	*	PUNCT
ajeer-242	217	31	(	(	PUNCT
ajeer-242	217	32	3.738	3.738	NUM
ajeer-242	217	33	)	)	PUNCT
ajeer-242	217	34	0.155	0.155	NUM
ajeer-242	217	35	(	(	PUNCT
ajeer-242	217	36	0.522	0.522	NUM
ajeer-242	217	37	)	)	PUNCT
ajeer-242	217	38	exr	exr	PROPN
ajeer-242	217	39	(	(	PUNCT
ajeer-242	217	40	-1	-1	INTJ
ajeer-242	217	41	)	)	PUNCT
ajeer-242	217	42	0.003	0.003	NUM
ajeer-242	217	43	(	(	PUNCT
ajeer-242	217	44	0.535	0.535	NUM
ajeer-242	217	45	)	)	PUNCT
ajeer-242	217	46	-0.042	-0.042	PUNCT
ajeer-242	217	47	*	*	PUNCT
ajeer-242	217	48	(	(	PUNCT
ajeer-242	217	49	-1.735	-1.735	X
ajeer-242	217	50	)	)	PUNCT
ajeer-242	217	51	-0.040	-0.040	NUM
ajeer-242	217	52	(	(	PUNCT
ajeer-242	217	53	-1.252	-1.252	PROPN
ajeer-242	217	54	)	)	PUNCT
ajeer-242	217	55	0.847	0.847	NUM
ajeer-242	218	1	*	*	PUNCT
ajeer-242	218	2	*	*	PUNCT
ajeer-242	218	3	*	*	PUNCT
ajeer-242	218	4	(	(	PUNCT
ajeer-242	218	5	10.829	10.829	NUM
ajeer-242	218	6	)	)	PUNCT
ajeer-242	218	7	c	c	NOUN
ajeer-242	218	8	0.210	0.210	NUM
ajeer-242	218	9	*	*	PUNCT
ajeer-242	218	10	(	(	PUNCT
ajeer-242	218	11	1.881	1.881	NUM
ajeer-242	218	12	)	)	PUNCT
ajeer-242	218	13	0.866	0.866	NUM
ajeer-242	219	1	*	*	PUNCT
ajeer-242	219	2	*	*	PUNCT
ajeer-242	219	3	(	(	PUNCT
ajeer-242	219	4	2.349	2.349	NUM
ajeer-242	219	5	)	)	PUNCT
ajeer-242	219	6	-0.040	-0.040	NUM
ajeer-242	219	7	(	(	PUNCT
ajeer-242	219	8	-0.083	-0.083	SYM
ajeer-242	219	9	)	)	PUNCT
ajeer-242	219	10	0.772	0.772	NUM
ajeer-242	219	11	(	(	PUNCT
ajeer-242	219	12	0.653	0.653	NUM
ajeer-242	219	13	)	)	PUNCT
ajeer-242	219	14	adj	adj	PROPN
ajeer-242	219	15	.	.	PROPN
ajeer-242	219	16	r^2	r^2	PROPN
ajeer-242	219	17	0.883	0.883	NUM
ajeer-242	219	18	0.676	0.676	NUM
ajeer-242	219	19	0.225	0.225	NUM
ajeer-242	219	20	0.682	0.682	NUM
ajeer-242	219	21	asian	asian	ADJ
ajeer-242	219	22	journal	journal	NOUN
ajeer-242	219	23	of	of	ADP
ajeer-242	219	24	economics	economic	NOUN
ajeer-242	219	25	and	and	CCONJ
ajeer-242	219	26	empirical	empirical	ADJ
ajeer-242	219	27	research	research	NOUN
ajeer-242	219	28	,	,	PUNCT
ajeer-242	219	29	2018	2018	NUM
ajeer-242	219	30	,	,	PUNCT
ajeer-242	219	31	5(1	5(1	NUM
ajeer-242	219	32	):	):	PUNCT
ajeer-242	219	33	19	19	NUM
ajeer-242	219	34	-	-	SYM
ajeer-242	219	35	28	28	NUM
ajeer-242	219	36	27	27	NUM
ajeer-242	220	1	[	[	X
ajeer-242	220	2	marginal	marginal	ADJ
ajeer-242	220	3	transmission	transmission	NOUN
ajeer-242	220	4	effect	effect	NOUN
ajeer-242	220	5	]	]	PUNCT
ajeer-242	220	6	note	note	NOUN
ajeer-242	220	7	:	:	PUNCT
ajeer-242	220	8	*	*	PUNCT
ajeer-242	220	9	*	*	PUNCT
ajeer-242	220	10	*	*	PUNCT
ajeer-242	220	11	,	,	PUNCT
ajeer-242	220	12	*	*	PUNCT
ajeer-242	220	13	*	*	PUNCT
ajeer-242	220	14	,	,	PUNCT
ajeer-242	220	15	*	*	PUNCT
ajeer-242	220	16	denote	denote	VERB
ajeer-242	220	17	the	the	DET
ajeer-242	220	18	rejection	rejection	NOUN
ajeer-242	220	19	of	of	ADP
ajeer-242	220	20	null	null	ADJ
ajeer-242	220	21	hypothesis	hypothesis	NOUN
ajeer-242	220	22	at	at	ADP
ajeer-242	220	23	the	the	DET
ajeer-242	220	24	99%,95	99%,95	NUM
ajeer-242	220	25	%	%	NOUN
ajeer-242	220	26	and	and	CCONJ
ajeer-242	220	27	90	90	NUM
ajeer-242	220	28	%	%	NOUN
ajeer-242	220	29	level	level	NOUN
ajeer-242	220	30	of	of	ADP
ajeer-242	220	31	significance	significance	NOUN
ajeer-242	220	32	.	.	PUNCT
ajeer-242	221	1	sources	source	NOUN
ajeer-242	221	2	:	:	PUNCT
ajeer-242	221	3	ifs	ifs	PROPN
ajeer-242	221	4	of	of	ADP
ajeer-242	221	5	imf	imf	PROPN
ajeer-242	221	6	figure-3	figure-3	NUM
ajeer-242	221	7	.	.	PUNCT
ajeer-242	222	1	impulse	impulse	ADJ
ajeer-242	222	2	responses	response	NOUN
ajeer-242	222	3	note	note	VERB
ajeer-242	222	4	:	:	PUNCT
ajeer-242	222	5	the	the	DET
ajeer-242	222	6	dotted	dotted	ADJ
ajeer-242	222	7	lines	line	NOUN
ajeer-242	222	8	denote	denote	VERB
ajeer-242	222	9	a	a	DET
ajeer-242	222	10	95	95	NUM
ajeer-242	222	11	percent	percent	NOUN
ajeer-242	222	12	error	error	NOUN
ajeer-242	222	13	band	band	NOUN
ajeer-242	222	14	over	over	ADP
ajeer-242	222	15	8	8	NUM
ajeer-242	222	16	-	-	PUNCT
ajeer-242	222	17	year	year	NOUN
ajeer-242	222	18	horizons	horizon	NOUN
ajeer-242	222	19	.	.	PUNCT
ajeer-242	223	1	source	source	NOUN
ajeer-242	223	2	:	:	PUNCT
ajeer-242	223	3	ifs	ifs	PROPN
ajeer-242	223	4	of	of	ADP
ajeer-242	223	5	imf	imf	PROPN
ajeer-242	223	6	5	5	NUM
ajeer-242	223	7	.	.	PUNCT
ajeer-242	223	8	concluding	conclude	VERB
ajeer-242	223	9	remarks	remark	NOUN
ajeer-242	223	10	this	this	DET
ajeer-242	223	11	article	article	NOUN
ajeer-242	223	12	reviewed	review	VERB
ajeer-242	223	13	the	the	DET
ajeer-242	223	14	thailand	thailand	PROPN
ajeer-242	223	15	monetary	monetary	ADJ
ajeer-242	223	16	policy	policy	NOUN
ajeer-242	223	17	rule	rule	NOUN
ajeer-242	223	18	and	and	CCONJ
ajeer-242	223	19	its	its	PRON
ajeer-242	223	20	performance	performance	NOUN
ajeer-242	223	21	under	under	ADP
ajeer-242	223	22	the	the	DET
ajeer-242	223	23	adoption	adoption	NOUN
ajeer-242	223	24	of	of	ADP
ajeer-242	223	25	inflation	inflation	NOUN
ajeer-242	223	26	targeting	target	VERB
ajeer-242	223	27	regime	regime	NOUN
ajeer-242	223	28	since	since	SCONJ
ajeer-242	223	29	2000	2000	NUM
ajeer-242	223	30	.	.	PUNCT
ajeer-242	224	1	the	the	DET
ajeer-242	224	2	study	study	NOUN
ajeer-242	224	3	estimated	estimate	VERB
ajeer-242	224	4	the	the	DET
ajeer-242	224	5	policy	policy	NOUN
ajeer-242	224	6	reaction	reaction	NOUN
ajeer-242	224	7	function	function	VERB
ajeer-242	224	8	to	to	PART
ajeer-242	224	9	see	see	VERB
ajeer-242	224	10	if	if	SCONJ
ajeer-242	224	11	the	the	DET
ajeer-242	224	12	inflation	inflation	NOUN
ajeer-242	224	13	targeting	target	VERB
ajeer-242	224	14	has	have	AUX
ajeer-242	224	15	been	be	AUX
ajeer-242	224	16	linked	link	VERB
ajeer-242	224	17	with	with	ADP
ajeer-242	224	18	an	an	DET
ajeer-242	224	19	inflation	inflation	NOUN
ajeer-242	224	20	-	-	PUNCT
ajeer-242	224	21	responsive	responsive	ADJ
ajeer-242	224	22	monetary	monetary	ADJ
ajeer-242	224	23	policy	policy	NOUN
ajeer-242	224	24	rule	rule	NOUN
ajeer-242	224	25	,	,	PUNCT
ajeer-242	224	26	and	and	CCONJ
ajeer-242	224	27	investigated	investigate	VERB
ajeer-242	224	28	whether	whether	SCONJ
ajeer-242	224	29	the	the	DET
ajeer-242	224	30	monetary	monetary	ADJ
ajeer-242	224	31	policy	policy	NOUN
ajeer-242	224	32	rule	rule	NOUN
ajeer-242	224	33	would	would	AUX
ajeer-242	224	34	actually	actually	ADV
ajeer-242	224	35	have	have	VERB
ajeer-242	224	36	its	its	PRON
ajeer-242	224	37	transmission	transmission	NOUN
ajeer-242	224	38	effect	effect	NOUN
ajeer-242	224	39	on	on	ADP
ajeer-242	224	40	inflation	inflation	NOUN
ajeer-242	224	41	,	,	PUNCT
ajeer-242	224	42	through	through	ADP
ajeer-242	224	43	tracing	trace	VERB
ajeer-242	224	44	the	the	DET
ajeer-242	224	45	impulse	impulse	ADJ
ajeer-242	224	46	responses	response	NOUN
ajeer-242	224	47	of	of	ADP
ajeer-242	224	48	inflation	inflation	NOUN
ajeer-242	224	49	rate	rate	NOUN
ajeer-242	224	50	to	to	ADP
ajeer-242	224	51	monetary	monetary	ADJ
ajeer-242	224	52	policy	policy	NOUN
ajeer-242	224	53	shocks	shock	NOUN
ajeer-242	224	54	in	in	ADP
ajeer-242	224	55	vector	vector	NOUN
ajeer-242	224	56	autoregressive	autoregressive	ADJ
ajeer-242	224	57	(	(	PUNCT
ajeer-242	224	58	var	var	NOUN
ajeer-242	224	59	)	)	PUNCT
ajeer-242	224	60	and	and	CCONJ
ajeer-242	224	61	structural	structural	ADJ
ajeer-242	224	62	var	var	NOUN
ajeer-242	224	63	models	model	NOUN
ajeer-242	224	64	.	.	PUNCT
ajeer-242	225	1	the	the	DET
ajeer-242	225	2	study	study	NOUN
ajeer-242	225	3	contributed	contribute	VERB
ajeer-242	225	4	to	to	ADP
ajeer-242	225	5	the	the	DET
ajeer-242	225	6	literature	literature	NOUN
ajeer-242	225	7	by	by	ADP
ajeer-242	225	8	updating	update	VERB
ajeer-242	225	9	the	the	DET
ajeer-242	225	10	assessment	assessment	NOUN
ajeer-242	225	11	of	of	ADP
ajeer-242	225	12	the	the	DET
ajeer-242	225	13	thailand	thailand	PROPN
ajeer-242	225	14	monetary	monetary	ADJ
ajeer-242	225	15	policy	policy	NOUN
ajeer-242	225	16	through	through	ADP
ajeer-242	225	17	covering	cover	VERB
ajeer-242	225	18	the	the	DET
ajeer-242	225	19	period	period	NOUN
ajeer-242	225	20	after	after	ADP
ajeer-242	225	21	2015	2015	NUM
ajeer-242	225	22	,	,	PUNCT
ajeer-242	225	23	when	when	SCONJ
ajeer-242	225	24	the	the	DET
ajeer-242	225	25	bank	bank	NOUN
ajeer-242	225	26	of	of	ADP
ajeer-242	225	27	thailand	thailand	PROPN
ajeer-242	225	28	has	have	AUX
ajeer-242	225	29	upgraded	upgrade	VERB
ajeer-242	225	30	its	its	PRON
ajeer-242	225	31	inflation	inflation	NOUN
ajeer-242	225	32	targeting	target	VERB
ajeer-242	225	33	framework	framework	NOUN
ajeer-242	225	34	by	by	ADP
ajeer-242	225	35	transforming	transform	VERB
ajeer-242	225	36	it	it	PRON
ajeer-242	225	37	from	from	ADP
ajeer-242	225	38	range	range	NOUN
ajeer-242	225	39	target	target	NOUN
ajeer-242	225	40	to	to	PART
ajeer-242	225	41	point	point	VERB
ajeer-242	225	42	target	target	NOUN
ajeer-242	225	43	to	to	PART
ajeer-242	225	44	provide	provide	VERB
ajeer-242	225	45	a	a	DET
ajeer-242	225	46	clearer	clear	ADJ
ajeer-242	225	47	policy	policy	NOUN
ajeer-242	225	48	signal	signal	NOUN
ajeer-242	225	49	to	to	ADP
ajeer-242	225	50	the	the	DET
ajeer-242	225	51	public	public	NOUN
ajeer-242	225	52	.	.	PUNCT
ajeer-242	226	1	the	the	DET
ajeer-242	226	2	main	main	ADJ
ajeer-242	226	3	findings	finding	NOUN
ajeer-242	226	4	were	be	AUX
ajeer-242	226	5	as	as	SCONJ
ajeer-242	226	6	follows	follow	VERB
ajeer-242	226	7	.	.	PUNCT
ajeer-242	227	1	first	first	ADV
ajeer-242	227	2	,	,	PUNCT
ajeer-242	227	3	the	the	DET
ajeer-242	227	4	estimation	estimation	NOUN
ajeer-242	227	5	outcomes	outcome	NOUN
ajeer-242	227	6	of	of	ADP
ajeer-242	227	7	the	the	DET
ajeer-242	227	8	policy	policy	NOUN
ajeer-242	227	9	reaction	reaction	NOUN
ajeer-242	227	10	function	function	NOUN
ajeer-242	227	11	showed	show	VERB
ajeer-242	227	12	that	that	SCONJ
ajeer-242	227	13	the	the	DET
ajeer-242	227	14	thailand	thailand	PROPN
ajeer-242	227	15	monetary	monetary	ADJ
ajeer-242	227	16	policy	policy	NOUN
ajeer-242	227	17	rule	rule	NOUN
ajeer-242	227	18	under	under	ADP
ajeer-242	227	19	the	the	DET
ajeer-242	227	20	inflation	inflation	NOUN
ajeer-242	227	21	targeting	target	VERB
ajeer-242	227	22	is	be	AUX
ajeer-242	227	23	characterized	characterize	VERB
ajeer-242	227	24	as	as	ADP
ajeer-242	227	25	an	an	DET
ajeer-242	227	26	inflationand	inflationand	NOUN
ajeer-242	227	27	exchange	exchange	NOUN
ajeer-242	227	28	-	-	PUNCT
ajeer-242	227	29	rate	rate	NOUN
ajeer-242	227	30	responsive	responsive	ADJ
ajeer-242	227	31	rule	rule	NOUN
ajeer-242	227	32	with	with	ADP
ajeer-242	227	33	forward	forward	ADV
ajeer-242	227	34	-	-	PUNCT
ajeer-242	227	35	looking	look	VERB
ajeer-242	227	36	manner	manner	NOUN
ajeer-242	227	37	.	.	PUNCT
ajeer-242	228	1	the	the	DET
ajeer-242	228	2	identified	identify	VERB
ajeer-242	228	3	progress	progress	NOUN
ajeer-242	228	4	in	in	ADP
ajeer-242	228	5	the	the	DET
ajeer-242	228	6	thailand	thailand	PROPN
ajeer-242	228	7	monetary	monetary	ADJ
ajeer-242	228	8	policy	policy	NOUN
ajeer-242	228	9	toward	toward	ADP
ajeer-242	228	10	forward	forward	ADV
ajeer-242	228	11	-	-	PUNCT
ajeer-242	228	12	looking	look	VERB
ajeer-242	228	13	rule	rule	NOUN
ajeer-242	228	14	might	might	AUX
ajeer-242	228	15	reflect	reflect	VERB
ajeer-242	228	16	the	the	DET
ajeer-242	228	17	upgrading	upgrading	NOUN
ajeer-242	228	18	in	in	ADP
ajeer-242	228	19	the	the	DET
ajeer-242	228	20	inflation	inflation	NOUN
ajeer-242	228	21	targeting	target	VERB
ajeer-242	228	22	regime	regime	NOUN
ajeer-242	228	23	from	from	ADP
ajeer-242	228	24	range	range	NOUN
ajeer-242	228	25	target	target	NOUN
ajeer-242	228	26	to	to	PART
ajeer-242	228	27	point	point	VERB
ajeer-242	228	28	target	target	NOUN
ajeer-242	228	29	since	since	SCONJ
ajeer-242	228	30	2015	2015	NUM
ajeer-242	228	31	.	.	PUNCT
ajeer-242	229	1	second	second	ADJ
ajeer-242	229	2	,	,	PUNCT
ajeer-242	229	3	the	the	DET
ajeer-242	229	4	estimation	estimation	NOUN
ajeer-242	229	5	results	result	NOUN
ajeer-242	229	6	also	also	ADV
ajeer-242	229	7	demonstrated	demonstrate	VERB
ajeer-242	229	8	that	that	SCONJ
ajeer-242	229	9	the	the	DET
ajeer-242	229	10	thailand	thailand	PROPN
ajeer-242	229	11	monetary	monetary	ADJ
ajeer-242	229	12	policy	policy	NOUN
ajeer-242	229	13	rule	rule	NOUN
ajeer-242	229	14	is	be	AUX
ajeer-242	229	15	countercyclical	countercyclical	ADJ
ajeer-242	229	16	against	against	ADP
ajeer-242	229	17	inflation	inflation	NOUN
ajeer-242	229	18	in	in	ADP
ajeer-242	229	19	the	the	DET
ajeer-242	229	20	long	long	ADJ
ajeer-242	229	21	run	run	NOUN
ajeer-242	229	22	,	,	PUNCT
ajeer-242	229	23	but	but	CCONJ
ajeer-242	229	24	is	be	AUX
ajeer-242	229	25	accompanied	accompany	VERB
ajeer-242	229	26	with	with	ADP
ajeer-242	229	27	slow	slow	ADJ
ajeer-242	229	28	adjustment	adjustment	NOUN
ajeer-242	229	29	toward	toward	ADP
ajeer-242	229	30	a	a	DET
ajeer-242	229	31	target	target	NOUN
ajeer-242	229	32	policy	policy	NOUN
ajeer-242	229	33	por	por	NOUN
ajeer-242	229	34	d(π	d(π	PROPN
ajeer-242	230	1	)	)	PUNCT
ajeer-242	230	2	d	d	NOUN
ajeer-242	230	3	(	(	PUNCT
ajeer-242	230	4	gap	gap	NOUN
ajeer-242	230	5	)	)	PUNCT
ajeer-242	231	1	d	d	PROPN
ajeer-242	231	2	(	(	PUNCT
ajeer-242	231	3	exr	exr	PROPN
ajeer-242	231	4	)	)	PUNCT
ajeer-242	231	5	por	por	PROPN
ajeer-242	231	6	(	(	PUNCT
ajeer-242	231	7	-1	-1	INTJ
ajeer-242	231	8	)	)	PUNCT
ajeer-242	231	9	0.949	0.949	NUM
ajeer-242	232	1	*	*	PUNCT
ajeer-242	232	2	*	*	PUNCT
ajeer-242	232	3	*	*	PUNCT
ajeer-242	232	4	(	(	PUNCT
ajeer-242	232	5	22.942	22.942	NUM
ajeer-242	232	6	)	)	PUNCT
ajeer-242	232	7	-0.262	-0.262	NOUN
ajeer-242	233	1	*	*	PUNCT
ajeer-242	233	2	*	*	PUNCT
ajeer-242	233	3	(	(	PUNCT
ajeer-242	233	4	-1.981	-1.981	NOUN
ajeer-242	233	5	)	)	PUNCT
ajeer-242	233	6	-0.144	-0.144	PUNCT
ajeer-242	233	7	(	(	PUNCT
ajeer-242	233	8	-0.717	-0.717	NOUN
ajeer-242	233	9	)	)	PUNCT
ajeer-242	233	10	0.089	0.089	NUM
ajeer-242	233	11	(	(	PUNCT
ajeer-242	233	12	0.199	0.199	NUM
ajeer-242	233	13	)	)	PUNCT
ajeer-242	233	14	d	d	NOUN
ajeer-242	233	15	(	(	PUNCT
ajeer-242	233	16	π	π	NOUN
ajeer-242	233	17	)	)	PUNCT
ajeer-242	233	18	(	(	PUNCT
ajeer-242	233	19	-1	-1	CCONJ
ajeer-242	233	20	)	)	PUNCT
ajeer-242	233	21	0.121	0.121	NUM
ajeer-242	234	1	*	*	PUNCT
ajeer-242	234	2	*	*	PUNCT
ajeer-242	234	3	*	*	PUNCT
ajeer-242	234	4	(	(	PUNCT
ajeer-242	234	5	3.439	3.439	NUM
ajeer-242	234	6	)	)	PUNCT
ajeer-242	234	7	0.371	0.371	NUM
ajeer-242	234	8	*	*	PUNCT
ajeer-242	235	1	*	*	PUNCT
ajeer-242	235	2	*	*	PUNCT
ajeer-242	235	3	(	(	PUNCT
ajeer-242	235	4	3.277	3.277	NUM
ajeer-242	235	5	)	)	PUNCT
ajeer-242	235	6	0.199	0.199	NUM
ajeer-242	235	7	(	(	PUNCT
ajeer-242	235	8	1.161	1.161	NUM
ajeer-242	235	9	)	)	PUNCT
ajeer-242	235	10	-0.142	-0.142	PUNCT
ajeer-242	235	11	(	(	PUNCT
ajeer-242	235	12	-0.372	-0.372	PROPN
ajeer-242	235	13	)	)	PUNCT
ajeer-242	235	14	d	d	NOUN
ajeer-242	235	15	(	(	PUNCT
ajeer-242	235	16	gap	gap	NOUN
ajeer-242	235	17	)	)	PUNCT
ajeer-242	235	18	(	(	PUNCT
ajeer-242	235	19	-1	-1	CCONJ
ajeer-242	235	20	)	)	PUNCT
ajeer-242	235	21	0.007	0.007	NUM
ajeer-242	235	22	(	(	PUNCT
ajeer-242	235	23	0.288	0.288	NUM
ajeer-242	235	24	)	)	PUNCT
ajeer-242	235	25	0.039	0.039	NUM
ajeer-242	235	26	(	(	PUNCT
ajeer-242	235	27	0.461	0.461	NUM
ajeer-242	235	28	)	)	PUNCT
ajeer-242	235	29	-0.329	-0.329	PUNCT
ajeer-242	236	1	*	*	PUNCT
ajeer-242	236	2	*	*	PUNCT
ajeer-242	236	3	(	(	PUNCT
ajeer-242	236	4	-2.528	-2.528	NUM
ajeer-242	236	5	)	)	PUNCT
ajeer-242	236	6	0.098	0.098	NUM
ajeer-242	236	7	(	(	PUNCT
ajeer-242	236	8	0.339	0.339	NUM
ajeer-242	236	9	)	)	PUNCT
ajeer-242	236	10	d	d	NOUN
ajeer-242	236	11	(	(	PUNCT
ajeer-242	236	12	exr	exr	PROPN
ajeer-242	236	13	)	)	PUNCT
ajeer-242	236	14	(	(	PUNCT
ajeer-242	236	15	-1	-1	CCONJ
ajeer-242	236	16	)	)	PUNCT
ajeer-242	236	17	0.000	0.000	NUM
ajeer-242	236	18	(	(	PUNCT
ajeer-242	236	19	0.014	0.014	NUM
ajeer-242	236	20	)	)	PUNCT
ajeer-242	236	21	-0.045	-0.045	PUNCT
ajeer-242	236	22	(	(	PUNCT
ajeer-242	236	23	-1.208	-1.208	ADJ
ajeer-242	236	24	)	)	PUNCT
ajeer-242	236	25	-0.068	-0.068	X
ajeer-242	236	26	(	(	PUNCT
ajeer-242	236	27	-1.187	-1.187	X
ajeer-242	236	28	)	)	PUNCT
ajeer-242	236	29	0.323	0.323	NUM
ajeer-242	236	30	*	*	PUNCT
ajeer-242	236	31	*	*	PUNCT
ajeer-242	236	32	(	(	PUNCT
ajeer-242	236	33	2.529	2.529	NUM
ajeer-242	236	34	)	)	PUNCT
ajeer-242	236	35	c	c	NOUN
ajeer-242	236	36	0.118	0.118	NUM
ajeer-242	236	37	(	(	PUNCT
ajeer-242	236	38	1.127	1.127	NUM
ajeer-242	236	39	)	)	PUNCT
ajeer-242	236	40	0.588	0.588	NUM
ajeer-242	236	41	*	*	PUNCT
ajeer-242	236	42	(	(	PUNCT
ajeer-242	236	43	1.744	1.744	NUM
ajeer-242	236	44	)	)	PUNCT
ajeer-242	236	45	0.325	0.325	NUM
ajeer-242	236	46	(	(	PUNCT
ajeer-242	236	47	0.636	0.636	NUM
ajeer-242	236	48	)	)	PUNCT
ajeer-242	236	49	-0.289	-0.289	NOUN
ajeer-242	236	50	(	(	PUNCT
ajeer-242	236	51	-0.254	-0.254	PROPN
ajeer-242	236	52	)	)	PUNCT
ajeer-242	236	53	adj	adj	X
ajeer-242	236	54	.	.	PROPN
ajeer-242	236	55	r^2	r^2	PROPN
ajeer-242	236	56	0.886	0.886	NUM
ajeer-242	236	57	0.195	0.195	NUM
ajeer-242	236	58	0.050	0.050	NUM
ajeer-242	236	59	0.042	0.042	NUM
ajeer-242	236	60	asian	asian	ADJ
ajeer-242	236	61	journal	journal	NOUN
ajeer-242	236	62	of	of	ADP
ajeer-242	236	63	economics	economic	NOUN
ajeer-242	236	64	and	and	CCONJ
ajeer-242	236	65	empirical	empirical	ADJ
ajeer-242	236	66	research	research	NOUN
ajeer-242	236	67	,	,	PUNCT
ajeer-242	236	68	2018	2018	NUM
ajeer-242	236	69	,	,	PUNCT
ajeer-242	236	70	5(1	5(1	NUM
ajeer-242	236	71	):	):	PUNCT
ajeer-242	236	72	19	19	NUM
ajeer-242	236	73	-	-	SYM
ajeer-242	236	74	28	28	NUM
ajeer-242	236	75	28	28	NUM
ajeer-242	236	76	rate	rate	NOUN
ajeer-242	236	77	.	.	PUNCT
ajeer-242	237	1	third	third	ADJ
ajeer-242	237	2	,	,	PUNCT
ajeer-242	237	3	the	the	DET
ajeer-242	237	4	results	result	NOUN
ajeer-242	237	5	from	from	ADP
ajeer-242	237	6	the	the	DET
ajeer-242	237	7	impulse	impulse	ADJ
ajeer-242	237	8	response	response	NOUN
ajeer-242	237	9	analyses	analysis	NOUN
ajeer-242	237	10	suggested	suggest	VERB
ajeer-242	237	11	that	that	SCONJ
ajeer-242	237	12	the	the	DET
ajeer-242	237	13	thailand	thailand	PROPN
ajeer-242	237	14	monetary	monetary	ADJ
ajeer-242	237	15	policy	policy	NOUN
ajeer-242	237	16	under	under	ADP
ajeer-242	237	17	the	the	DET
ajeer-242	237	18	inflation	inflation	NOUN
ajeer-242	237	19	targeting	target	VERB
ajeer-242	237	20	has	have	VERB
ajeer-242	237	21	only	only	ADV
ajeer-242	237	22	a	a	DET
ajeer-242	237	23	marginal	marginal	ADJ
ajeer-242	237	24	transmission	transmission	NOUN
ajeer-242	237	25	effect	effect	NOUN
ajeer-242	237	26	on	on	ADP
ajeer-242	237	27	inflation	inflation	NOUN
ajeer-242	237	28	probably	probably	ADV
ajeer-242	237	29	due	due	ADP
ajeer-242	237	30	to	to	ADP
ajeer-242	237	31	the	the	DET
ajeer-242	237	32	slow	slow	ADJ
ajeer-242	237	33	adjustment	adjustment	NOUN
ajeer-242	237	34	of	of	ADP
ajeer-242	237	35	policy	policy	NOUN
ajeer-242	237	36	rate	rate	NOUN
ajeer-242	237	37	.	.	PUNCT
ajeer-242	238	1	references	reference	NOUN
ajeer-242	238	2	arwatchanakarn	arwatchanakarn	VERB
ajeer-242	238	3	,	,	PUNCT
ajeer-242	238	4	p.	p.	NOUN
ajeer-242	238	5	,	,	PUNCT
ajeer-242	238	6	2017	2017	NUM
ajeer-242	238	7	.	.	PUNCT
ajeer-242	239	1	structural	structural	ADJ
ajeer-242	239	2	vector	vector	NOUN
ajeer-242	239	3	autoregressive	autoregressive	ADJ
ajeer-242	239	4	analysis	analysis	NOUN
ajeer-242	239	5	of	of	ADP
ajeer-242	239	6	monetary	monetary	ADJ
ajeer-242	239	7	policy	policy	NOUN
ajeer-242	239	8	in	in	ADP
ajeer-242	239	9	thailand	thailand	PROPN
ajeer-242	239	10	.	.	PUNCT
ajeer-242	240	1	sociology	sociology	NOUN
ajeer-242	240	2	study	study	NOUN
ajeer-242	240	3	,	,	PUNCT
ajeer-242	240	4	7(3	7(3	NUM
ajeer-242	240	5	):	):	PUNCT
ajeer-242	240	6	133–145	133–145	NUM
ajeer-242	240	7	.	.	PUNCT
ajeer-242	241	1	view	view	NOUN
ajeer-242	241	2	at	at	ADP
ajeer-242	241	3	google	google	PROPN
ajeer-242	241	4	scholar	scholar	NOUN
ajeer-242	241	5	|	|	ADV
ajeer-242	241	6	view	view	NOUN
ajeer-242	241	7	at	at	ADP
ajeer-242	241	8	publisher	publisher	NOUN
ajeer-242	241	9	bernanke	bernanke	PROPN
ajeer-242	241	10	,	,	PUNCT
ajeer-242	241	11	b.s	b.s	PROPN
ajeer-242	241	12	.	.	PROPN
ajeer-242	241	13	,	,	PUNCT
ajeer-242	241	14	t.	t.	PROPN
ajeer-242	241	15	laubach	laubach	PROPN
ajeer-242	241	16	,	,	PUNCT
ajeer-242	241	17	f.s	f.s	PROPN
ajeer-242	241	18	.	.	PROPN
ajeer-242	241	19	mishkin	mishkin	PROPN
ajeer-242	241	20	and	and	CCONJ
ajeer-242	241	21	a.s	a.s	PROPN
ajeer-242	241	22	.	.	PROPN
ajeer-242	241	23	posen	posen	PROPN
ajeer-242	241	24	,	,	PUNCT
ajeer-242	241	25	1999	1999	NUM
ajeer-242	241	26	.	.	PUNCT
ajeer-242	242	1	inflation	inflation	NOUN
ajeer-242	242	2	targeting	target	VERB
ajeer-242	242	3	:	:	PUNCT
ajeer-242	242	4	lessons	lesson	NOUN
ajeer-242	242	5	from	from	ADP
ajeer-242	242	6	the	the	DET
ajeer-242	242	7	international	international	ADJ
ajeer-242	242	8	experience	experience	NOUN
ajeer-242	242	9	.	.	PUNCT
ajeer-242	243	1	princeton	princeton	PROPN
ajeer-242	243	2	:	:	PUNCT
ajeer-242	243	3	princeton	princeton	PROPN
ajeer-242	243	4	university	university	PROPN
ajeer-242	243	5	press	press	NOUN
ajeer-242	243	6	.	.	PUNCT
ajeer-242	244	1	bernanke	bernanke	PROPN
ajeer-242	244	2	,	,	PUNCT
ajeer-242	244	3	b.s	b.s	PROPN
ajeer-242	244	4	.	.	PROPN
ajeer-242	244	5	and	and	CCONJ
ajeer-242	244	6	f.s	f.s	PROPN
ajeer-242	244	7	.	.	PROPN
ajeer-242	244	8	mishkin	mishkin	PROPN
ajeer-242	244	9	,	,	PUNCT
ajeer-242	244	10	1997	1997	NUM
ajeer-242	244	11	.	.	PUNCT
ajeer-242	245	1	inflation	inflation	NOUN
ajeer-242	245	2	targeting	target	VERB
ajeer-242	245	3	:	:	PUNCT
ajeer-242	245	4	a	a	DET
ajeer-242	245	5	new	new	ADJ
ajeer-242	245	6	framework	framework	NOUN
ajeer-242	245	7	for	for	ADP
ajeer-242	245	8	monetary	monetary	ADJ
ajeer-242	245	9	policy	policy	NOUN
ajeer-242	245	10	?	?	PUNCT
ajeer-242	246	1	journal	journal	NOUN
ajeer-242	246	2	of	of	ADP
ajeer-242	246	3	economic	economic	ADJ
ajeer-242	246	4	perspectives	perspective	NOUN
ajeer-242	246	5	,	,	PUNCT
ajeer-242	246	6	11(2	11(2	X
ajeer-242	246	7	):	):	PUNCT
ajeer-242	246	8	97–116	97–116	X
ajeer-242	246	9	.	.	PUNCT
ajeer-242	247	1	view	view	NOUN
ajeer-242	247	2	at	at	ADP
ajeer-242	247	3	google	google	PROPN
ajeer-242	247	4	scholar	scholar	PROPN
ajeer-242	247	5	bhargava	bhargava	PROPN
ajeer-242	247	6	,	,	PUNCT
ajeer-242	247	7	a.	a.	NOUN
ajeer-242	247	8	,	,	PUNCT
ajeer-242	247	9	1986	1986	NUM
ajeer-242	247	10	.	.	PUNCT
ajeer-242	248	1	on	on	ADP
ajeer-242	248	2	the	the	DET
ajeer-242	248	3	theory	theory	NOUN
ajeer-242	248	4	of	of	ADP
ajeer-242	248	5	testing	testing	NOUN
ajeer-242	248	6	for	for	ADP
ajeer-242	248	7	unit	unit	NOUN
ajeer-242	248	8	roots	root	NOUN
ajeer-242	248	9	in	in	ADP
ajeer-242	248	10	observed	observe	VERB
ajeer-242	248	11	time	time	NOUN
ajeer-242	248	12	series	series	NOUN
ajeer-242	248	13	.	.	PUNCT
ajeer-242	249	1	review	review	NOUN
ajeer-242	249	2	of	of	ADP
ajeer-242	249	3	economic	economic	ADJ
ajeer-242	249	4	studies	study	NOUN
ajeer-242	249	5	,	,	PUNCT
ajeer-242	249	6	53(3	53(3	NUM
ajeer-242	249	7	):	):	PUNCT
ajeer-242	249	8	369–384	369–384	NUM
ajeer-242	249	9	.	.	PUNCT
ajeer-242	249	10	view	view	NOUN
ajeer-242	249	11	at	at	ADP
ajeer-242	249	12	google	google	PROPN
ajeer-242	249	13	scholar	scholar	NOUN
ajeer-242	249	14	|	|	ADV
ajeer-242	249	15	view	view	NOUN
ajeer-242	249	16	at	at	ADP
ajeer-242	249	17	publisher	publisher	NOUN
ajeer-242	249	18	calvo	calvo	PROPN
ajeer-242	249	19	,	,	PUNCT
ajeer-242	249	20	g.	g.	PROPN
ajeer-242	249	21	and	and	CCONJ
ajeer-242	249	22	c.	c.	PROPN
ajeer-242	249	23	reinhart	reinhart	PROPN
ajeer-242	249	24	,	,	PUNCT
ajeer-242	249	25	2002	2002	NUM
ajeer-242	249	26	.	.	PUNCT
ajeer-242	250	1	fear	fear	NOUN
ajeer-242	250	2	of	of	ADP
ajeer-242	250	3	floating	float	VERB
ajeer-242	250	4	.	.	PUNCT
ajeer-242	251	1	quarterly	quarterly	ADJ
ajeer-242	251	2	journal	journal	NOUN
ajeer-242	251	3	of	of	ADP
ajeer-242	251	4	economics	economic	NOUN
ajeer-242	251	5	,	,	PUNCT
ajeer-242	251	6	117(2	117(2	NUM
ajeer-242	251	7	):	):	PUNCT
ajeer-242	251	8	379–408	379–408	NUM
ajeer-242	251	9	.	.	PUNCT
ajeer-242	252	1	view	view	NOUN
ajeer-242	252	2	at	at	ADP
ajeer-242	252	3	google	google	PROPN
ajeer-242	252	4	scholar	scholar	PROPN
ajeer-242	252	5	christiano	christiano	PROPN
ajeer-242	252	6	,	,	PUNCT
ajeer-242	252	7	l.	l.	PROPN
ajeer-242	252	8	,	,	PUNCT
ajeer-242	252	9	m.	m.	NOUN
ajeer-242	252	10	eichenbaum	eichenbaum	PROPN
ajeer-242	252	11	and	and	CCONJ
ajeer-242	252	12	c.	c.	PROPN
ajeer-242	252	13	evans	evans	PROPN
ajeer-242	252	14	,	,	PUNCT
ajeer-242	252	15	1996	1996	NUM
ajeer-242	252	16	.	.	PUNCT
ajeer-242	253	1	the	the	DET
ajeer-242	253	2	effects	effect	NOUN
ajeer-242	253	3	of	of	ADP
ajeer-242	253	4	monetary	monetary	ADJ
ajeer-242	253	5	policy	policy	NOUN
ajeer-242	253	6	shocks	shock	NOUN
ajeer-242	253	7	:	:	PUNCT
ajeer-242	253	8	evidence	evidence	NOUN
ajeer-242	253	9	from	from	ADP
ajeer-242	253	10	the	the	DET
ajeer-242	253	11	flows	flow	NOUN
ajeer-242	253	12	of	of	ADP
ajeer-242	253	13	funds	fund	NOUN
ajeer-242	253	14	.	.	PUNCT
ajeer-242	254	1	review	review	NOUN
ajeer-242	254	2	of	of	ADP
ajeer-242	254	3	economics	economic	NOUN
ajeer-242	254	4	and	and	CCONJ
ajeer-242	254	5	statistics	statistic	NOUN
ajeer-242	254	6	,	,	PUNCT
ajeer-242	254	7	78(1	78(1	NOUN
ajeer-242	254	8	):	):	PUNCT
ajeer-242	254	9	16	16	NUM
ajeer-242	254	10	-	-	SYM
ajeer-242	254	11	34	34	NUM
ajeer-242	254	12	.	.	PUNCT
ajeer-242	255	1	view	view	NOUN
ajeer-242	255	2	at	at	ADP
ajeer-242	255	3	google	google	PROPN
ajeer-242	255	4	scholar	scholar	NOUN
ajeer-242	255	5	|	|	ADV
ajeer-242	255	6	view	view	NOUN
ajeer-242	255	7	at	at	ADP
ajeer-242	255	8	publisher	publisher	PROPN
ajeer-242	255	9	christiano	christiano	PROPN
ajeer-242	255	10	,	,	PUNCT
ajeer-242	255	11	l.	l.	PROPN
ajeer-242	255	12	,	,	PUNCT
ajeer-242	255	13	m.	m.	NOUN
ajeer-242	255	14	eichenbaum	eichenbaum	PROPN
ajeer-242	255	15	and	and	CCONJ
ajeer-242	255	16	c.	c.	PROPN
ajeer-242	255	17	evans	evans	PROPN
ajeer-242	255	18	,	,	PUNCT
ajeer-242	255	19	1999	1999	NUM
ajeer-242	255	20	.	.	PUNCT
ajeer-242	256	1	monetary	monetary	ADJ
ajeer-242	256	2	policy	policy	NOUN
ajeer-242	256	3	shocks	shock	NOUN
ajeer-242	256	4	:	:	PUNCT
ajeer-242	256	5	what	what	PRON
ajeer-242	256	6	have	have	AUX
ajeer-242	256	7	we	we	PRON
ajeer-242	256	8	learned	learn	VERB
ajeer-242	256	9	and	and	CCONJ
ajeer-242	256	10	to	to	ADP
ajeer-242	256	11	what	what	DET
ajeer-242	256	12	end	end	NOUN
ajeer-242	256	13	.	.	PUNCT
ajeer-242	257	1	in	in	ADP
ajeer-242	257	2	j.b	j.b	PROPN
ajeer-242	257	3	.	.	PUNCT
ajeer-242	258	1	taylor	taylor	PROPN
ajeer-242	258	2	and	and	CCONJ
ajeer-242	258	3	m.	m.	PROPN
ajeer-242	258	4	woodford	woodford	PROPN
ajeer-242	258	5	(	(	PUNCT
ajeer-242	258	6	eds	eds	PROPN
ajeer-242	258	7	.	.	PUNCT
ajeer-242	258	8	)	)	PUNCT
ajeer-242	258	9	handbook	handbook	NOUN
ajeer-242	258	10	of	of	ADP
ajeer-242	258	11	macroeconomics	macroeconomic	NOUN
ajeer-242	258	12	.	.	PUNCT
ajeer-242	259	1	north	north	NOUN
ajeer-242	259	2	holland	holland	PROPN
ajeer-242	259	3	:	:	PUNCT
ajeer-242	259	4	elsevier	elsevier	PROPN
ajeer-242	259	5	science	science	PROPN
ajeer-242	259	6	,	,	PUNCT
ajeer-242	259	7	1a	1a	NUM
ajeer-242	259	8	:	:	PUNCT
ajeer-242	259	9	65	65	NUM
ajeer-242	259	10	-	-	SYM
ajeer-242	259	11	148	148	NUM
ajeer-242	259	12	.	.	PUNCT
ajeer-242	260	1	clarida	clarida	PROPN
ajeer-242	260	2	,	,	PUNCT
ajeer-242	260	3	r.	r.	PROPN
ajeer-242	260	4	,	,	PUNCT
ajeer-242	260	5	j.	j.	PROPN
ajeer-242	260	6	gali	gali	PROPN
ajeer-242	260	7	and	and	CCONJ
ajeer-242	260	8	m.	m.	NOUN
ajeer-242	260	9	gertler	gertler	NOUN
ajeer-242	260	10	,	,	PUNCT
ajeer-242	260	11	1998a	1998a	NUM
ajeer-242	260	12	.	.	PUNCT
ajeer-242	261	1	monetary	monetary	ADJ
ajeer-242	261	2	policy	policy	NOUN
ajeer-242	261	3	rules	rule	NOUN
ajeer-242	261	4	and	and	CCONJ
ajeer-242	261	5	macroeconomic	macroeconomic	ADJ
ajeer-242	261	6	stability	stability	NOUN
ajeer-242	261	7	:	:	PUNCT
ajeer-242	261	8	theory	theory	NOUN
ajeer-242	261	9	and	and	CCONJ
ajeer-242	261	10	some	some	DET
ajeer-242	261	11	evidence	evidence	NOUN
ajeer-242	261	12	.	.	PUNCT
ajeer-242	262	1	nber	nber	PROPN
ajeer-242	262	2	(	(	PUNCT
ajeer-242	262	3	national	national	PROPN
ajeer-242	262	4	bureau	bureau	PROPN
ajeer-242	262	5	of	of	ADP
ajeer-242	262	6	economic	economic	ADJ
ajeer-242	262	7	research	research	NOUN
ajeer-242	262	8	)	)	PUNCT
ajeer-242	262	9	working	work	VERB
ajeer-242	262	10	paper	paper	NOUN
ajeer-242	262	11	series	series	NOUN
ajeer-242	262	12	,	,	PUNCT
ajeer-242	262	13	no	no	INTJ
ajeer-242	262	14	.	.	NOUN
ajeer-242	262	15	6442	6442	NUM
ajeer-242	262	16	.	.	PUNCT
ajeer-242	263	1	clarida	clarida	PROPN
ajeer-242	263	2	,	,	PUNCT
ajeer-242	263	3	r.	r.	PROPN
ajeer-242	263	4	,	,	PUNCT
ajeer-242	263	5	j.	j.	PROPN
ajeer-242	263	6	gali	gali	PROPN
ajeer-242	263	7	and	and	CCONJ
ajeer-242	263	8	m.	m.	NOUN
ajeer-242	263	9	gertler	gertler	NOUN
ajeer-242	263	10	,	,	PUNCT
ajeer-242	263	11	1998b	1998b	NUM
ajeer-242	263	12	.	.	PUNCT
ajeer-242	264	1	monetary	monetary	ADJ
ajeer-242	264	2	policy	policy	NOUN
ajeer-242	264	3	rules	rule	NOUN
ajeer-242	264	4	in	in	ADP
ajeer-242	264	5	practice	practice	NOUN
ajeer-242	264	6	:	:	PUNCT
ajeer-242	264	7	some	some	DET
ajeer-242	264	8	international	international	ADJ
ajeer-242	264	9	evidence	evidence	NOUN
ajeer-242	264	10	.	.	PUNCT
ajeer-242	265	1	european	european	ADJ
ajeer-242	265	2	economic	economic	PROPN
ajeer-242	265	3	review	review	PROPN
ajeer-242	265	4	,	,	PUNCT
ajeer-242	265	5	42(6	42(6	NOUN
ajeer-242	265	6	):	):	PUNCT
ajeer-242	265	7	1033	1033	NUM
ajeer-242	265	8	-	-	SYM
ajeer-242	265	9	1067	1067	NUM
ajeer-242	265	10	.	.	PUNCT
ajeer-242	266	1	clarida	clarida	NOUN
ajeer-242	266	2	,	,	PUNCT
ajeer-242	266	3	r.	r.	PROPN
ajeer-242	266	4	and	and	CCONJ
ajeer-242	266	5	m.	m.	NOUN
ajeer-242	266	6	gertler	gertler	NOUN
ajeer-242	266	7	,	,	PUNCT
ajeer-242	266	8	1997	1997	NUM
ajeer-242	266	9	.	.	PUNCT
ajeer-242	267	1	how	how	SCONJ
ajeer-242	267	2	the	the	DET
ajeer-242	267	3	bundesbank	bundesbank	NOUN
ajeer-242	267	4	conducts	conduct	VERB
ajeer-242	267	5	monetary	monetary	ADJ
ajeer-242	267	6	policy	policy	NOUN
ajeer-242	267	7	.	.	PUNCT
ajeer-242	268	1	in	in	ADP
ajeer-242	268	2	c.	c.	PROPN
ajeer-242	268	3	romer	romer	PROPN
ajeer-242	268	4	and	and	CCONJ
ajeer-242	268	5	d.	d.	PROPN
ajeer-242	268	6	romer	romer	PROPN
ajeer-242	268	7	(	(	PUNCT
ajeer-242	268	8	eds	ed	NOUN
ajeer-242	268	9	.	.	PUNCT
ajeer-242	268	10	)	)	PUNCT
ajeer-242	268	11	reducing	reduce	VERB
ajeer-242	268	12	inflation	inflation	NOUN
ajeer-242	268	13	.	.	PUNCT
ajeer-242	269	1	university	university	NOUN
ajeer-242	269	2	of	of	ADP
ajeer-242	269	3	chicago	chicago	PROPN
ajeer-242	269	4	press	press	NOUN
ajeer-242	269	5	.	.	PUNCT
ajeer-242	270	1	pp	pp	ADV
ajeer-242	270	2	:	:	PUNCT
ajeer-242	270	3	363	363	NUM
ajeer-242	270	4	–	–	PUNCT
ajeer-242	270	5	412	412	NUM
ajeer-242	270	6	.	.	PUNCT
ajeer-242	270	7	eichengreen	eichengreen	PROPN
ajeer-242	270	8	,	,	PUNCT
ajeer-242	270	9	b.	b.	PROPN
ajeer-242	270	10	,	,	PUNCT
ajeer-242	270	11	2002	2002	NUM
ajeer-242	270	12	.	.	PUNCT
ajeer-242	271	1	can	can	AUX
ajeer-242	271	2	emerging	emerge	VERB
ajeer-242	271	3	markets	market	NOUN
ajeer-242	271	4	float	float	VERB
ajeer-242	271	5	?	?	PUNCT
ajeer-242	272	1	should	should	AUX
ajeer-242	272	2	they	they	PRON
ajeer-242	272	3	inflation	inflation	NOUN
ajeer-242	272	4	target	target	VERB
ajeer-242	272	5	?	?	PUNCT
ajeer-242	273	1	working	work	VERB
ajeer-242	273	2	paper	paper	NOUN
ajeer-242	273	3	(	(	PUNCT
ajeer-242	273	4	banco	banco	PROPN
ajeer-242	273	5	central	central	PROPN
ajeer-242	273	6	do	do	AUX
ajeer-242	273	7	brazil	brazil	PROPN
ajeer-242	273	8	)	)	PUNCT
ajeer-242	273	9	,	,	PUNCT
ajeer-242	273	10	no.36	no.36	PROPN
ajeer-242	273	11	.	.	PUNCT
ajeer-242	274	1	gagnon	gagnon	PROPN
ajeer-242	274	2	,	,	PUNCT
ajeer-242	274	3	j.e	j.e	PROPN
ajeer-242	274	4	.	.	PROPN
ajeer-242	274	5	and	and	CCONJ
ajeer-242	274	6	j.	j.	PROPN
ajeer-242	274	7	ihrig	ihrig	PROPN
ajeer-242	274	8	,	,	PUNCT
ajeer-242	274	9	2004	2004	NUM
ajeer-242	274	10	.	.	PUNCT
ajeer-242	275	1	monetary	monetary	ADJ
ajeer-242	275	2	policy	policy	NOUN
ajeer-242	275	3	and	and	CCONJ
ajeer-242	275	4	exchange	exchange	NOUN
ajeer-242	275	5	rate	rate	NOUN
ajeer-242	275	6	pass	pass	NOUN
ajeer-242	275	7	-	-	PUNCT
ajeer-242	275	8	through	through	NOUN
ajeer-242	275	9	.	.	PUNCT
ajeer-242	276	1	international	international	ADJ
ajeer-242	276	2	journal	journal	PROPN
ajeer-242	276	3	of	of	ADP
ajeer-242	276	4	finance	finance	NOUN
ajeer-242	276	5	and	and	CCONJ
ajeer-242	276	6	economics	economic	NOUN
ajeer-242	276	7	,	,	PUNCT
ajeer-242	276	8	9(4	9(4	NUM
ajeer-242	276	9	):	):	PUNCT
ajeer-242	276	10	315–338	315–338	NUM
ajeer-242	276	11	.	.	PUNCT
ajeer-242	277	1	view	view	NOUN
ajeer-242	277	2	at	at	ADP
ajeer-242	277	3	google	google	PROPN
ajeer-242	277	4	scholar	scholar	PROPN
ajeer-242	277	5	hsing	hsing	PROPN
ajeer-242	277	6	,	,	PUNCT
ajeer-242	277	7	y.	y.	PROPN
ajeer-242	277	8	,	,	PUNCT
ajeer-242	277	9	2009	2009	NUM
ajeer-242	277	10	.	.	PUNCT
ajeer-242	278	1	is	be	AUX
ajeer-242	278	2	the	the	DET
ajeer-242	278	3	monetary	monetary	ADJ
ajeer-242	278	4	policy	policy	NOUN
ajeer-242	278	5	rule	rule	NOUN
ajeer-242	278	6	responsive	responsive	ADJ
ajeer-242	278	7	to	to	PART
ajeer-242	278	8	exchange	exchange	VERB
ajeer-242	278	9	rate	rate	NOUN
ajeer-242	278	10	changes	change	NOUN
ajeer-242	278	11	?	?	PUNCT
ajeer-242	279	1	the	the	DET
ajeer-242	279	2	case	case	NOUN
ajeer-242	279	3	of	of	ADP
ajeer-242	279	4	indonesia	indonesia	PROPN
ajeer-242	279	5	,	,	PUNCT
ajeer-242	279	6	malaysia	malaysia	PROPN
ajeer-242	279	7	,	,	PUNCT
ajeer-242	279	8	the	the	DET
ajeer-242	279	9	philippines	philippine	NOUN
ajeer-242	279	10	,	,	PUNCT
ajeer-242	279	11	and	and	CCONJ
ajeer-242	279	12	thailand	thailand	PROPN
ajeer-242	279	13	.	.	PUNCT
ajeer-242	280	1	international	international	ADJ
ajeer-242	280	2	review	review	NOUN
ajeer-242	280	3	of	of	ADP
ajeer-242	280	4	economics	economic	NOUN
ajeer-242	280	5	,	,	PUNCT
ajeer-242	280	6	56(2	56(2	NUM
ajeer-242	280	7	):	):	PUNCT
ajeer-242	280	8	123–132	123–132	NUM
ajeer-242	280	9	.	.	PUNCT
ajeer-242	281	1	view	view	NOUN
ajeer-242	281	2	at	at	ADP
ajeer-242	281	3	google	google	PROPN
ajeer-242	281	4	scholar	scholar	NOUN
ajeer-242	281	5	|	|	ADV
ajeer-242	281	6	view	view	NOUN
ajeer-242	281	7	at	at	ADP
ajeer-242	281	8	publisher	publisher	PROPN
ajeer-242	281	9	ito	ito	PROPN
ajeer-242	281	10	,	,	PUNCT
ajeer-242	281	11	t.	t.	PROPN
ajeer-242	281	12	and	and	CCONJ
ajeer-242	281	13	t.	t.	PROPN
ajeer-242	281	14	hayashi	hayashi	PROPN
ajeer-242	281	15	,	,	PUNCT
ajeer-242	281	16	2004	2004	NUM
ajeer-242	281	17	.	.	PUNCT
ajeer-242	282	1	inflation	inflation	NOUN
ajeer-242	282	2	targeting	target	VERB
ajeer-242	282	3	in	in	ADP
ajeer-242	282	4	asia	asia	PROPN
ajeer-242	282	5	.	.	PUNCT
ajeer-242	283	1	occasional	occasional	ADJ
ajeer-242	283	2	paper	paper	NOUN
ajeer-242	283	3	(	(	PUNCT
ajeer-242	283	4	hong	hong	PROPN
ajeer-242	283	5	kong	kong	PROPN
ajeer-242	283	6	institute	institute	PROPN
ajeer-242	283	7	for	for	ADP
ajeer-242	283	8	monetary	monetary	ADJ
ajeer-242	283	9	research	research	NOUN
ajeer-242	283	10	)	)	PUNCT
ajeer-242	283	11	,	,	PUNCT
ajeer-242	283	12	no	no	INTJ
ajeer-242	283	13	.	.	NOUN
ajeer-242	284	1	1	1	X
ajeer-242	284	2	.	.	X
ajeer-242	284	3	lin	lin	PROPN
ajeer-242	284	4	,	,	PUNCT
ajeer-242	284	5	s.	s.	PROPN
ajeer-242	284	6	and	and	CCONJ
ajeer-242	284	7	h.	h.	PROPN
ajeer-242	284	8	ye	ye	PROPN
ajeer-242	284	9	,	,	PUNCT
ajeer-242	284	10	2009	2009	NUM
ajeer-242	284	11	.	.	PUNCT
ajeer-242	285	1	does	do	AUX
ajeer-242	285	2	inflation	inflation	NOUN
ajeer-242	285	3	targeting	target	VERB
ajeer-242	285	4	make	make	VERB
ajeer-242	285	5	a	a	DET
ajeer-242	285	6	difference	difference	NOUN
ajeer-242	285	7	in	in	ADP
ajeer-242	285	8	developing	develop	VERB
ajeer-242	285	9	countries	country	NOUN
ajeer-242	285	10	?	?	PUNCT
ajeer-242	285	11	.	.	PUNCT
ajeer-242	286	1	journal	journal	PROPN
ajeer-242	286	2	of	of	ADP
ajeer-242	286	3	development	development	NOUN
ajeer-242	286	4	economics	economic	NOUN
ajeer-242	286	5	,	,	PUNCT
ajeer-242	286	6	89(1	89(1	NUM
ajeer-242	286	7	):	):	PUNCT
ajeer-242	286	8	118	118	NUM
ajeer-242	286	9	–	–	SYM
ajeer-242	286	10	123	123	NUM
ajeer-242	286	11	.	.	PUNCT
ajeer-242	287	1	view	view	NOUN
ajeer-242	287	2	at	at	ADP
ajeer-242	287	3	google	google	PROPN
ajeer-242	287	4	scholar	scholar	NOUN
ajeer-242	287	5	|	|	ADV
ajeer-242	287	6	view	view	NOUN
ajeer-242	287	7	at	at	ADP
ajeer-242	287	8	publisher	publisher	NOUN
ajeer-242	287	9	lueangwilai	lueangwilai	PROPN
ajeer-242	287	10	,	,	PUNCT
ajeer-242	287	11	k.	k.	PROPN
ajeer-242	287	12	,	,	PUNCT
ajeer-242	287	13	2012	2012	NUM
ajeer-242	287	14	.	.	PUNCT
ajeer-242	288	1	monetary	monetary	ADJ
ajeer-242	288	2	policy	policy	NOUN
ajeer-242	288	3	rules	rule	NOUN
ajeer-242	288	4	and	and	CCONJ
ajeer-242	288	5	exchange	exchange	NOUN
ajeer-242	288	6	rate	rate	NOUN
ajeer-242	288	7	uncertainty	uncertainty	NOUN
ajeer-242	288	8	:	:	PUNCT
ajeer-242	288	9	a	a	DET
ajeer-242	288	10	structural	structural	ADJ
ajeer-242	288	11	investigation	investigation	NOUN
ajeer-242	288	12	in	in	ADP
ajeer-242	288	13	thailand	thailand	PROPN
ajeer-242	288	14	.	.	PUNCT
ajeer-242	289	1	procedia	procedia	PROPN
ajeer-242	289	2	economics	economic	NOUN
ajeer-242	289	3	and	and	CCONJ
ajeer-242	289	4	finance	finance	NOUN
ajeer-242	289	5	,	,	PUNCT
ajeer-242	289	6	2	2	NUM
ajeer-242	289	7	:	:	SYM
ajeer-242	289	8	325–334	325–334	NUM
ajeer-242	289	9	.	.	PUNCT
ajeer-242	290	1	view	view	NOUN
ajeer-242	290	2	at	at	ADP
ajeer-242	290	3	google	google	PROPN
ajeer-242	290	4	scholar	scholar	NOUN
ajeer-242	290	5	|	|	ADV
ajeer-242	290	6	view	view	NOUN
ajeer-242	290	7	at	at	ADP
ajeer-242	290	8	publisher	publisher	NOUN
ajeer-242	290	9	mishkin	mishkin	PROPN
ajeer-242	290	10	,	,	PUNCT
ajeer-242	290	11	f.s	f.s	PROPN
ajeer-242	290	12	.	.	PROPN
ajeer-242	290	13	,	,	PUNCT
ajeer-242	290	14	2000	2000	NUM
ajeer-242	290	15	.	.	PUNCT
ajeer-242	291	1	inflation	inflation	NOUN
ajeer-242	291	2	targeting	target	VERB
ajeer-242	291	3	in	in	ADP
ajeer-242	291	4	emerging	emerge	VERB
ajeer-242	291	5	market	market	NOUN
ajeer-242	291	6	countries	country	NOUN
ajeer-242	291	7	.	.	PUNCT
ajeer-242	292	1	american	american	PROPN
ajeer-242	292	2	economic	economic	PROPN
ajeer-242	292	3	review	review	PROPN
ajeer-242	292	4	,	,	PUNCT
ajeer-242	292	5	90(2	90(2	NUM
ajeer-242	292	6	):	):	PUNCT
ajeer-242	292	7	105–109	105–109	NUM
ajeer-242	292	8	.	.	PUNCT
ajeer-242	293	1	view	view	NOUN
ajeer-242	293	2	at	at	ADP
ajeer-242	293	3	google	google	PROPN
ajeer-242	293	4	scholar	scholar	NOUN
ajeer-242	293	5	|	|	ADV
ajeer-242	293	6	view	view	NOUN
ajeer-242	293	7	at	at	ADP
ajeer-242	293	8	publisher	publisher	NOUN
ajeer-242	293	9	mishkin	mishkin	PROPN
ajeer-242	293	10	,	,	PUNCT
ajeer-242	293	11	f.s	f.s	PROPN
ajeer-242	293	12	.	.	PROPN
ajeer-242	293	13	,	,	PUNCT
ajeer-242	293	14	2004	2004	NUM
ajeer-242	293	15	.	.	PUNCT
ajeer-242	294	1	can	can	AUX
ajeer-242	294	2	inflation	inflation	NOUN
ajeer-242	294	3	targeting	target	VERB
ajeer-242	294	4	work	work	NOUN
ajeer-242	294	5	in	in	ADP
ajeer-242	294	6	emerging	emerge	VERB
ajeer-242	294	7	market	market	NOUN
ajeer-242	294	8	countries	country	NOUN
ajeer-242	294	9	?	?	PUNCT
ajeer-242	295	1	nber	nber	PROPN
ajeer-242	295	2	(	(	PUNCT
ajeer-242	295	3	national	national	PROPN
ajeer-242	295	4	bureau	bureau	PROPN
ajeer-242	295	5	of	of	ADP
ajeer-242	295	6	economic	economic	ADJ
ajeer-242	295	7	research	research	NOUN
ajeer-242	295	8	)	)	PUNCT
ajeer-242	295	9	working	work	VERB
ajeer-242	295	10	paper	paper	NOUN
ajeer-242	295	11	series	series	NOUN
ajeer-242	295	12	,	,	PUNCT
ajeer-242	295	13	no	no	INTJ
ajeer-242	295	14	.	.	NOUN
ajeer-242	295	15	10646	10646	NUM
ajeer-242	295	16	.	.	PUNCT
ajeer-242	296	1	mishkin	mishkin	PROPN
ajeer-242	296	2	,	,	PUNCT
ajeer-242	296	3	f.s	f.s	PROPN
ajeer-242	296	4	.	.	PROPN
ajeer-242	296	5	and	and	CCONJ
ajeer-242	296	6	a.s	a.s	PROPN
ajeer-242	296	7	.	.	PROPN
ajeer-242	296	8	posen	posen	PROPN
ajeer-242	296	9	,	,	PUNCT
ajeer-242	296	10	1998	1998	NUM
ajeer-242	296	11	.	.	PUNCT
ajeer-242	297	1	inflation	inflation	NOUN
ajeer-242	297	2	targeting	target	VERB
ajeer-242	297	3	:	:	PUNCT
ajeer-242	297	4	lessons	lesson	NOUN
ajeer-242	297	5	from	from	ADP
ajeer-242	297	6	four	four	NUM
ajeer-242	297	7	countries	country	NOUN
ajeer-242	297	8	.	.	PUNCT
ajeer-242	298	1	nber	nber	PROPN
ajeer-242	298	2	(	(	PUNCT
ajeer-242	298	3	national	national	PROPN
ajeer-242	298	4	bureau	bureau	PROPN
ajeer-242	298	5	of	of	ADP
ajeer-242	298	6	economic	economic	ADJ
ajeer-242	298	7	research	research	NOUN
ajeer-242	298	8	)	)	PUNCT
ajeer-242	298	9	working	work	VERB
ajeer-242	298	10	paper	paper	NOUN
ajeer-242	298	11	series	series	NOUN
ajeer-242	298	12	,	,	PUNCT
ajeer-242	298	13	no	no	INTJ
ajeer-242	298	14	.	.	PUNCT
ajeer-242	298	15	6126	6126	NUM
ajeer-242	298	16	.	.	PUNCT
ajeer-242	299	1	mishkin	mishkin	PROPN
ajeer-242	299	2	,	,	PUNCT
ajeer-242	299	3	f.s	f.s	PROPN
ajeer-242	299	4	.	.	PROPN
ajeer-242	299	5	and	and	CCONJ
ajeer-242	299	6	k.	k.	PROPN
ajeer-242	299	7	schmidt	schmidt	PROPN
ajeer-242	299	8	-	-	PUNCT
ajeer-242	299	9	hebbel	hebbel	PROPN
ajeer-242	299	10	,	,	PUNCT
ajeer-242	299	11	2007	2007	NUM
ajeer-242	299	12	.	.	PUNCT
ajeer-242	300	1	does	do	AUX
ajeer-242	300	2	inflation	inflation	NOUN
ajeer-242	300	3	targeting	target	VERB
ajeer-242	300	4	make	make	VERB
ajeer-242	300	5	a	a	DET
ajeer-242	300	6	difference	difference	NOUN
ajeer-242	300	7	?	?	PUNCT
ajeer-242	301	1	nber	nber	PROPN
ajeer-242	301	2	(	(	PUNCT
ajeer-242	301	3	national	national	PROPN
ajeer-242	301	4	bureau	bureau	PROPN
ajeer-242	301	5	of	of	ADP
ajeer-242	301	6	economic	economic	ADJ
ajeer-242	301	7	research	research	NOUN
ajeer-242	301	8	)	)	PUNCT
ajeer-242	301	9	working	work	VERB
ajeer-242	301	10	paper	paper	NOUN
ajeer-242	301	11	series	series	NOUN
ajeer-242	301	12	,	,	PUNCT
ajeer-242	301	13	no	no	INTJ
ajeer-242	301	14	.	.	NOUN
ajeer-242	301	15	12876	12876	NUM
ajeer-242	301	16	.	.	PUNCT
ajeer-242	302	1	ng	ng	PROPN
ajeer-242	302	2	,	,	PUNCT
ajeer-242	302	3	s.	s.	PROPN
ajeer-242	302	4	and	and	CCONJ
ajeer-242	302	5	p.	p.	PROPN
ajeer-242	302	6	perron	perron	PROPN
ajeer-242	302	7	,	,	PUNCT
ajeer-242	302	8	2001	2001	NUM
ajeer-242	302	9	.	.	PUNCT
ajeer-242	303	1	lag	lag	NOUN
ajeer-242	303	2	length	length	NOUN
ajeer-242	303	3	selection	selection	NOUN
ajeer-242	303	4	and	and	CCONJ
ajeer-242	303	5	the	the	DET
ajeer-242	303	6	construction	construction	NOUN
ajeer-242	303	7	of	of	ADP
ajeer-242	303	8	unit	unit	NOUN
ajeer-242	303	9	root	root	NOUN
ajeer-242	303	10	tests	test	NOUN
ajeer-242	303	11	with	with	ADP
ajeer-242	303	12	good	good	ADJ
ajeer-242	303	13	size	size	NOUN
ajeer-242	303	14	and	and	CCONJ
ajeer-242	303	15	power	power	NOUN
ajeer-242	303	16	.	.	PUNCT
ajeer-242	304	1	econometrica	econometrica	PROPN
ajeer-242	304	2	,	,	PUNCT
ajeer-242	304	3	69(6	69(6	NUM
ajeer-242	304	4	):	):	PUNCT
ajeer-242	304	5	1519–1554	1519–1554	NUM
ajeer-242	304	6	.	.	PUNCT
ajeer-242	305	1	view	view	NOUN
ajeer-242	305	2	at	at	ADP
ajeer-242	305	3	google	google	PROPN
ajeer-242	305	4	scholar	scholar	NOUN
ajeer-242	305	5	|	|	ADV
ajeer-242	305	6	view	view	NOUN
ajeer-242	305	7	at	at	ADP
ajeer-242	305	8	publisher	publisher	NOUN
ajeer-242	305	9	phillips	phillip	NOUN
ajeer-242	305	10	,	,	PUNCT
ajeer-242	305	11	p.	p.	NOUN
ajeer-242	305	12	and	and	CCONJ
ajeer-242	305	13	p.	p.	PROPN
ajeer-242	305	14	perron	perron	PROPN
ajeer-242	305	15	,	,	PUNCT
ajeer-242	305	16	1988	1988	NUM
ajeer-242	305	17	.	.	PUNCT
ajeer-242	306	1	testing	test	VERB
ajeer-242	306	2	for	for	ADP
ajeer-242	306	3	unit	unit	NOUN
ajeer-242	306	4	root	root	NOUN
ajeer-242	306	5	in	in	ADP
ajeer-242	306	6	time	time	NOUN
ajeer-242	306	7	series	series	PROPN
ajeer-242	306	8	regression	regression	PROPN
ajeer-242	306	9	.	.	PUNCT
ajeer-242	307	1	biometrika	biometrika	NOUN
ajeer-242	307	2	,	,	PUNCT
ajeer-242	307	3	75(2	75(2	NUM
ajeer-242	307	4	):	):	PUNCT
ajeer-242	307	5	335–346	335–346	NUM
ajeer-242	307	6	.	.	PUNCT
ajeer-242	308	1	view	view	NOUN
ajeer-242	308	2	at	at	ADP
ajeer-242	308	3	google	google	PROPN
ajeer-242	308	4	scholar	scholar	NOUN
ajeer-242	308	5	|	|	ADV
ajeer-242	308	6	view	view	NOUN
ajeer-242	308	7	at	at	ADP
ajeer-242	308	8	publisher	publisher	NOUN
ajeer-242	308	9	phiromswad	phiromswad	NOUN
ajeer-242	308	10	,	,	PUNCT
ajeer-242	308	11	p.	p.	NOUN
ajeer-242	308	12	,	,	PUNCT
ajeer-242	308	13	2015	2015	NUM
ajeer-242	308	14	.	.	PUNCT
ajeer-242	309	1	measuring	measure	VERB
ajeer-242	309	2	monetary	monetary	ADJ
ajeer-242	309	3	policy	policy	NOUN
ajeer-242	309	4	with	with	ADP
ajeer-242	309	5	empirically	empirically	ADV
ajeer-242	309	6	grounded	ground	VERB
ajeer-242	309	7	restrictions	restriction	NOUN
ajeer-242	309	8	:	:	PUNCT
ajeer-242	309	9	an	an	DET
ajeer-242	309	10	application	application	NOUN
ajeer-242	309	11	to	to	ADP
ajeer-242	309	12	thailand	thailand	PROPN
ajeer-242	309	13	.	.	PUNCT
ajeer-242	310	1	journal	journal	PROPN
ajeer-242	310	2	of	of	ADP
ajeer-242	310	3	asian	asian	ADJ
ajeer-242	310	4	economics	economic	NOUN
ajeer-242	310	5	,	,	PUNCT
ajeer-242	310	6	38	38	NUM
ajeer-242	310	7	:	:	PUNCT
ajeer-242	310	8	104–113	104–113	NUM
ajeer-242	310	9	.	.	PUNCT
ajeer-242	311	1	view	view	NOUN
ajeer-242	311	2	at	at	ADP
ajeer-242	311	3	google	google	PROPN
ajeer-242	311	4	scholar	scholar	NOUN
ajeer-242	311	5	|	|	ADV
ajeer-242	311	6	view	view	NOUN
ajeer-242	311	7	at	at	ADP
ajeer-242	311	8	publisher	publisher	PROPN
ajeer-242	311	9	taguchi	taguchi	PROPN
ajeer-242	311	10	,	,	PUNCT
ajeer-242	311	11	h.	h.	PROPN
ajeer-242	311	12	and	and	CCONJ
ajeer-242	311	13	c.	c.	PROPN
ajeer-242	311	14	kato	kato	PROPN
ajeer-242	311	15	,	,	PUNCT
ajeer-242	311	16	2011	2011	NUM
ajeer-242	311	17	.	.	PUNCT
ajeer-242	312	1	assessing	assess	VERB
ajeer-242	312	2	the	the	DET
ajeer-242	312	3	performance	performance	NOUN
ajeer-242	312	4	of	of	ADP
ajeer-242	312	5	inflation	inflation	NOUN
ajeer-242	312	6	targeting	target	VERB
ajeer-242	312	7	in	in	ADP
ajeer-242	312	8	east	east	ADJ
ajeer-242	312	9	asian	asian	ADJ
ajeer-242	312	10	economies	economy	NOUN
ajeer-242	312	11	.	.	PUNCT
ajeer-242	313	1	asian	asian	ADJ
ajeer-242	313	2	-	-	PUNCT
ajeer-242	313	3	pacific	pacific	ADJ
ajeer-242	313	4	economic	economic	ADJ
ajeer-242	313	5	literature	literature	NOUN
ajeer-242	313	6	,	,	PUNCT
ajeer-242	313	7	25(1	25(1	NUM
ajeer-242	313	8	):	):	PUNCT
ajeer-242	313	9	93–102	93–102	NUM
ajeer-242	313	10	.	.	PUNCT
ajeer-242	313	11	view	view	NOUN
ajeer-242	313	12	at	at	ADP
ajeer-242	313	13	google	google	PROPN
ajeer-242	313	14	scholar	scholar	NOUN
ajeer-242	313	15	|	|	ADV
ajeer-242	313	16	view	view	NOUN
ajeer-242	313	17	at	at	ADP
ajeer-242	313	18	publisher	publisher	PROPN
ajeer-242	313	19	taylor	taylor	PROPN
ajeer-242	313	20	,	,	PUNCT
ajeer-242	313	21	j.b	j.b	PROPN
ajeer-242	313	22	.	.	PROPN
ajeer-242	313	23	,	,	PUNCT
ajeer-242	313	24	1993	1993	NUM
ajeer-242	313	25	.	.	PUNCT
ajeer-242	314	1	discretion	discretion	NOUN
ajeer-242	314	2	versus	versus	ADP
ajeer-242	314	3	policy	policy	NOUN
ajeer-242	314	4	rules	rule	NOUN
ajeer-242	314	5	practice	practice	NOUN
ajeer-242	314	6	.	.	PUNCT
ajeer-242	315	1	carnegie	carnegie	NOUN
ajeer-242	315	2	-	-	PUNCT
ajeer-242	315	3	rochester	rochester	PROPN
ajeer-242	315	4	conference	conference	NOUN
ajeer-242	315	5	on	on	ADP
ajeer-242	315	6	public	public	ADJ
ajeer-242	315	7	policy	policy	NOUN
ajeer-242	315	8	,	,	PUNCT
ajeer-242	315	9	39	39	NUM
ajeer-242	315	10	:	:	SYM
ajeer-242	315	11	195	195	NUM
ajeer-242	315	12	-	-	SYM
ajeer-242	315	13	214	214	NUM
ajeer-242	315	14	.	.	PUNCT
ajeer-242	316	1	asian	asian	ADJ
ajeer-242	316	2	online	online	PROPN
ajeer-242	316	3	journal	journal	PROPN
ajeer-242	316	4	publishing	publishing	NOUN
ajeer-242	316	5	group	group	NOUN
ajeer-242	316	6	is	be	AUX
ajeer-242	316	7	not	not	PART
ajeer-242	316	8	responsible	responsible	ADJ
ajeer-242	316	9	or	or	CCONJ
ajeer-242	316	10	answerable	answerable	ADJ
ajeer-242	316	11	for	for	ADP
ajeer-242	316	12	any	any	DET
ajeer-242	316	13	loss	loss	NOUN
ajeer-242	316	14	,	,	PUNCT
ajeer-242	316	15	damage	damage	NOUN
ajeer-242	316	16	or	or	CCONJ
ajeer-242	316	17	liability	liability	NOUN
ajeer-242	316	18	,	,	PUNCT
ajeer-242	316	19	etc	etc	X
ajeer-242	316	20	.	.	X
ajeer-242	316	21	caused	cause	VERB
ajeer-242	316	22	in	in	ADP
ajeer-242	316	23	relation	relation	NOUN
ajeer-242	316	24	to	to	PART
ajeer-242	316	25	/	/	PUNCT
ajeer-242	316	26	arising	arise	VERB
ajeer-242	316	27	out	out	ADP
ajeer-242	316	28	of	of	ADP
ajeer-242	316	29	the	the	DET
ajeer-242	316	30	use	use	NOUN
ajeer-242	316	31	of	of	ADP
ajeer-242	316	32	the	the	DET
ajeer-242	316	33	content	content	NOUN
ajeer-242	316	34	.	.	PUNCT
ajeer-242	317	1	any	any	DET
ajeer-242	317	2	queries	query	NOUN
ajeer-242	317	3	should	should	AUX
ajeer-242	317	4	be	be	AUX
ajeer-242	317	5	directed	direct	VERB
ajeer-242	317	6	to	to	ADP
ajeer-242	317	7	the	the	DET
ajeer-242	317	8	corresponding	corresponding	ADJ
ajeer-242	317	9	author	author	NOUN
ajeer-242	317	10	of	of	ADP
ajeer-242	317	11	the	the	DET
ajeer-242	317	12	article	article	NOUN
ajeer-242	317	13	.	.	PUNCT
ajeer-242	318	1	https://scholar.google.com/scholar?hl=en&q=structural%20vector%20autoregressive%20analysis%20of%20monetary%20policy%20in%20thailand	https://scholar.google.com/scholar?hl=en&q=structural%20vector%20autoregressive%20analysis%20of%20monetary%20policy%20in%20thailand	PROPN
ajeer-242	318	2	https://scholar.google.com/scholar?hl=en&q=structural%20vector%20autoregressive%20analysis%20of%20monetary%20policy%20in%20thailand	https://scholar.google.com/scholar?hl=en&q=structural%20vector%20autoregressive%20analysis%20of%20monetary%20policy%20in%20thailand	PROPN
ajeer-242	319	1	http://dx.doi.org/10.17265/2159-5526/2017.03.002	http://dx.doi.org/10.17265/2159-5526/2017.03.002	ADJ
ajeer-242	319	2	https://scholar.google.com/scholar?hl=en&q=inflation%20targeting:%20a%20new%20framework%20for%20monetary%20policy	https://scholar.google.com/scholar?hl=en&q=inflation%20targeting:%20a%20new%20framework%20for%20monetary%20policy	NOUN
ajeer-242	319	3	?	?	PUNCT
ajeer-242	320	1	https://scholar.google.com/scholar?hl=en&q=on%20the%20theory%20of%20testing%20for%20unit%20roots%20in%20observed%20time%20series	https://scholar.google.com/scholar?hl=en&q=on%20the%20theory%20of%20testing%20for%20unit%20roots%20in%20observed%20time%20serie	NOUN
ajeer-242	320	2	https://scholar.google.com/scholar?hl=en&q=on%20the%20theory%20of%20testing%20for%20unit%20roots%20in%20observed%20time%20series	https://scholar.google.com/scholar?hl=en&q=on%20the%20theory%20of%20testing%20for%20unit%20roots%20in%20observed%20time%20serie	NOUN
ajeer-242	320	3	http://dx.doi.org/10.2307/2297634	http://dx.doi.org/10.2307/2297634	NOUN
ajeer-242	320	4	https://scholar.google.com/scholar?hl=en&q=fear%20of%20floating	https://scholar.google.com/scholar?hl=en&q=fear%20of%20floating	PROPN
ajeer-242	320	5	https://scholar.google.com/scholar?hl=en&q=the%20effects%20of%20monetary%20policy%20shocks:%20evidence%20from%20the%20flows%20of%20funds	https://scholar.google.com/scholar?hl=en&q=the%20effects%20of%20monetary%20policy%20shocks:%20evidence%20from%20the%20flows%20of%20fund	VERB
ajeer-242	320	6	http://dx.doi.org/10.2307/2109845	http://dx.doi.org/10.2307/2109845	ADJ
ajeer-242	320	7	https://scholar.google.com/scholar?hl=en&q=monetary%20policy%20and%20exchange%20rate%20pass-through	https://scholar.google.com/scholar?hl=en&q=monetary%20policy%20and%20exchange%20rate%20pass-through	PROPN
ajeer-242	320	8	https://scholar.google.com/scholar?hl=en&q=is%20the%20monetary%20policy%20rule%20responsive%20to%20exchange%20rate%20changes?%20the%20case%20of%20indonesia,%20malaysia,%20the%20philippines,%20and%20thailand	https://scholar.google.com/scholar?hl=en&q=is%20the%20monetary%20policy%20rule%20responsive%20to%20exchange%20rate%20changes?%20the%20case%20of%20indonesia,%20malaysia,%20the%20philippines,%20and%20thailand	PROPN
ajeer-242	320	9	http://dx.doi.org/10.1007/s12232-008-0058-1	http://dx.doi.org/10.1007/s12232-008-0058-1	PRON
ajeer-242	320	10	https://scholar.google.com/scholar?hl=en&q=does%20inflation%20targeting%20make%20a%20difference%20in%20developing%20countries	https://scholar.google.com/scholar?hl=en&q=does%20inflation%20targeting%20make%20a%20difference%20in%20developing%20countrie	NOUN
ajeer-242	320	11	?	?	PUNCT
ajeer-242	321	1	http://dx.doi.org/10.1016/j.jdeveco.2008.04.006	http://dx.doi.org/10.1016/j.jdeveco.2008.04.006	PROPN
ajeer-242	321	2	https://scholar.google.com/scholar?hl=en&q=monetary%20policy%20rules%20and%20exchange%20rate%20uncertainty:%20a%20structural%20investigation%20in%20thailand	https://scholar.google.com/scholar?hl=en&q=monetary%20policy%20rules%20and%20exchange%20rate%20uncertainty:%20a%20structural%20investigation%20in%20thailand	PROPN
ajeer-242	321	3	http://dx.doi.org/10.1016/s2212-5671(12)00094-9	http://dx.doi.org/10.1016/s2212-5671(12)00094-9	PROPN
ajeer-242	321	4	https://scholar.google.com/scholar?hl=en&q=inflation%20targeting%20in%20emerging%20market%20countries	https://scholar.google.com/scholar?hl=en&q=inflation%20targeting%20in%20emerging%20market%20countrie	NOUN
ajeer-242	321	5	http://dx.doi.org/10.1257/aer.90.2.105	http://dx.doi.org/10.1257/aer.90.2.105	VERB
ajeer-242	321	6	http://dx.doi.org/10.1257/aer.90.2.105	http://dx.doi.org/10.1257/aer.90.2.105	VERB
ajeer-242	321	7	https://scholar.google.com/scholar?hl=en&q=lag%20length%20selection%20and%20the%20construction%20of%20unit%20root%20tests%20with%20good%20size%20and%20power	https://scholar.google.com/scholar?hl=en&q=lag%20length%20selection%20and%20the%20construction%20of%20unit%20root%20tests%20with%20good%20size%20and%20power	NOUN
ajeer-242	321	8	http://dx.doi.org/10.1111/1468-0262.00256	http://dx.doi.org/10.1111/1468-0262.00256	PROPN
ajeer-242	321	9	https://scholar.google.com/scholar?hl=en&q=testing%20for%20unit%20root%20in%20time%20series%20regression	https://scholar.google.com/scholar?hl=en&q=testing%20for%20unit%20root%20in%20time%20series%20regression	NOUN
ajeer-242	321	10	http://dx.doi.org/10.1093/biomet/75.2.335	http://dx.doi.org/10.1093/biomet/75.2.335	X
ajeer-242	321	11	http://dx.doi.org/10.1093/biomet/75.2.335	http://dx.doi.org/10.1093/biomet/75.2.335	PROPN
ajeer-242	321	12	https://scholar.google.com/scholar?hl=en&q=measuring%20monetary%20policy%20with%20empirically%20grounded%20restrictions:%20an%20application%20to%20thailand	https://scholar.google.com/scholar?hl=en&q=measuring%20monetary%20policy%20with%20empirically%20grounded%20restrictions:%20an%20application%20to%20thailand	PROPN
ajeer-242	322	1	http://dx.doi.org/10.1016/j.asieco.2015.04.005	http://dx.doi.org/10.1016/j.asieco.2015.04.005	ADJ
ajeer-242	322	2	https://scholar.google.com/scholar?hl=en&q=assessing%20the%20performance%20of%20inflation%20targeting%20in%20east%20asian%20economies	https://scholar.google.com/scholar?hl=en&q=assessing%20the%20performance%20of%20inflation%20targeting%20in%20east%20asian%20economie	NOUN
ajeer-242	323	1	http://dx.doi.org/10.1111/j.1467-8411.2011.01277.x	http://dx.doi.org/10.1111/j.1467-8411.2011.01277.x	ADP