id	sid	tid	token	lemma	pos
ajeer-3733	1	1	21	21	NUM
ajeer-3733	1	2	©	©	PROPN
ajeer-3733	1	3	2022	2022	NUM
ajeer-3733	1	4	by	by	ADP
ajeer-3733	1	5	the	the	DET
ajeer-3733	1	6	authors	author	NOUN
ajeer-3733	1	7	;	;	PUNCT
ajeer-3733	1	8	licensee	licensee	PROPN
ajeer-3733	1	9	asian	asian	ADJ
ajeer-3733	1	10	online	online	PROPN
ajeer-3733	1	11	journal	journal	PROPN
ajeer-3733	1	12	publishing	publishing	PROPN
ajeer-3733	1	13	group	group	PROPN
ajeer-3733	1	14	asian	asian	PROPN
ajeer-3733	1	15	journal	journal	PROPN
ajeer-3733	1	16	of	of	ADP
ajeer-3733	1	17	economics	economic	NOUN
ajeer-3733	1	18	and	and	CCONJ
ajeer-3733	1	19	empirical	empirical	ADJ
ajeer-3733	1	20	research	research	NOUN
ajeer-3733	1	21	vol	vol	NOUN
ajeer-3733	1	22	.	.	PUNCT
ajeer-3733	2	1	9	9	NUM
ajeer-3733	2	2	,	,	PUNCT
ajeer-3733	2	3	no	no	INTJ
ajeer-3733	2	4	.	.	NOUN
ajeer-3733	2	5	1	1	NUM
ajeer-3733	2	6	,	,	PUNCT
ajeer-3733	2	7	21	21	NUM
ajeer-3733	2	8	-	-	SYM
ajeer-3733	2	9	37	37	NUM
ajeer-3733	2	10	,	,	PUNCT
ajeer-3733	2	11	2022	2022	NUM
ajeer-3733	2	12	issn(e	issn(e	NOUN
ajeer-3733	2	13	)	)	PUNCT
ajeer-3733	2	14	2409	2409	NUM
ajeer-3733	2	15	-	-	SYM
ajeer-3733	2	16	2622	2622	NUM
ajeer-3733	2	17	/	/	SYM
ajeer-3733	2	18	issn(p	issn(p	PROPN
ajeer-3733	2	19	)	)	PUNCT
ajeer-3733	2	20	2518	2518	NUM
ajeer-3733	2	21	-	-	PUNCT
ajeer-3733	2	22	010x	010x	ADJ
ajeer-3733	2	23	doi	doi	NOUN
ajeer-3733	2	24	:	:	PUNCT
ajeer-3733	2	25	10.20448	10.20448	NUM
ajeer-3733	2	26	/	/	SYM
ajeer-3733	2	27	ajeer.v9i1.3733	ajeer.v9i1.3733	PUNCT
ajeer-3733	2	28	©	©	PROPN
ajeer-3733	2	29	2022	2022	NUM
ajeer-3733	2	30	by	by	ADP
ajeer-3733	2	31	the	the	DET
ajeer-3733	2	32	international	international	ADJ
ajeer-3733	2	33	monetary	monetary	ADJ
ajeer-3733	2	34	fund	fund	NOUN
ajeer-3733	2	35	,	,	PUNCT
ajeer-3733	2	36	licensee	licensee	PROPN
ajeer-3733	2	37	asian	asian	ADJ
ajeer-3733	2	38	online	online	PROPN
ajeer-3733	2	39	journal	journal	PROPN
ajeer-3733	2	40	publishing	publishing	NOUN
ajeer-3733	2	41	group	group	PROPN
ajeer-3733	2	42	a	a	DET
ajeer-3733	2	43	simple	simple	ADJ
ajeer-3733	2	44	macro	macro	ADJ
ajeer-3733	2	45	-	-	ADJ
ajeer-3733	2	46	fiscal	fiscal	ADJ
ajeer-3733	2	47	model	model	NOUN
ajeer-3733	2	48	for	for	ADP
ajeer-3733	2	49	policy	policy	NOUN
ajeer-3733	2	50	analysis	analysis	NOUN
ajeer-3733	2	51	:	:	PUNCT
ajeer-3733	2	52	an	an	DET
ajeer-3733	2	53	application	application	NOUN
ajeer-3733	2	54	to	to	ADP
ajeer-3733	2	55	cambodia	cambodia	PROPN
ajeer-3733	2	56	daniel	daniel	PROPN
ajeer-3733	2	57	baksa1	baksa1	PROPN
ajeer-3733	2	58	ales	ales	PROPN
ajeer-3733	2	59	bulir2	bulir2	PROPN
ajeer-3733	2	60	dyna	dyna	PROPN
ajeer-3733	2	61	heng3	heng3	PROPN
ajeer-3733	2	62	(	(	PUNCT
ajeer-3733	2	63			PROPN
ajeer-3733	2	64	corresponding	correspond	VERB
ajeer-3733	2	65	author	author	NOUN
ajeer-3733	2	66	)	)	PUNCT
ajeer-3733	2	67	1,2,3international	1,2,3international	NUM
ajeer-3733	2	68	monetary	monetary	ADJ
ajeer-3733	2	69	fund	fund	PROPN
ajeer-3733	2	70	,	,	PUNCT
ajeer-3733	2	71	usa	usa	PROPN
ajeer-3733	2	72	.	.	PROPN
ajeer-3733	3	1	1email	1email	NUM
ajeer-3733	3	2	:	:	PUNCT
ajeer-3733	3	3	dbaksa2@imf.org	dbaksa2@imf.org	VERB
ajeer-3733	3	4	tel	tel	NOUN
ajeer-3733	3	5	:	:	PUNCT
ajeer-3733	3	6	+1202	+1202	NUM
ajeer-3733	3	7	-	-	PUNCT
ajeer-3733	3	8	437	437	NUM
ajeer-3733	3	9	-	-	PUNCT
ajeer-3733	3	10	9106	9106	NUM
ajeer-3733	3	11	2email	2email	NUM
ajeer-3733	3	12	:	:	PUNCT
ajeer-3733	3	13	abulir@imf.org	abulir@imf.org	ADJ
ajeer-3733	4	1	tel	tel	PROPN
ajeer-3733	4	2	:	:	PUNCT
ajeer-3733	4	3	+1202	+1202	NUM
ajeer-3733	4	4	-	-	PUNCT
ajeer-3733	4	5	683	683	NUM
ajeer-3733	4	6	-	-	PUNCT
ajeer-3733	4	7	0115	0115	NUM
ajeer-3733	4	8	3email	3email	NUM
ajeer-3733	4	9	:	:	PUNCT
ajeer-3733	4	10	dheng@imf.org	dheng@imf.org	PROPN
ajeer-3733	4	11	tel	tel	PROPN
ajeer-3733	4	12	:	:	PUNCT
ajeer-3733	4	13	+1202	+1202	NUM
ajeer-3733	4	14	-	-	PUNCT
ajeer-3733	4	15	304	304	NUM
ajeer-3733	4	16	-	-	PUNCT
ajeer-3733	4	17	9167	9167	NUM
ajeer-3733	4	18	abstract	abstract	ADJ
ajeer-3733	4	19	macroeconomic	macroeconomic	ADJ
ajeer-3733	4	20	management	management	NOUN
ajeer-3733	4	21	in	in	ADP
ajeer-3733	4	22	many	many	ADJ
ajeer-3733	4	23	developing	develop	VERB
ajeer-3733	4	24	countries	country	NOUN
ajeer-3733	4	25	is	be	AUX
ajeer-3733	4	26	often	often	ADV
ajeer-3733	4	27	heavily	heavily	ADV
ajeer-3733	4	28	dependent	dependent	ADJ
ajeer-3733	4	29	on	on	ADP
ajeer-3733	4	30	fiscal	fiscal	ADJ
ajeer-3733	4	31	policies	policy	NOUN
ajeer-3733	4	32	.	.	PUNCT
ajeer-3733	5	1	this	this	DET
ajeer-3733	5	2	paper	paper	NOUN
ajeer-3733	5	3	develops	develop	VERB
ajeer-3733	5	4	a	a	DET
ajeer-3733	5	5	semi	semi	ADJ
ajeer-3733	5	6	-	-	ADJ
ajeer-3733	5	7	structural	structural	ADJ
ajeer-3733	5	8	macro	macro	ADJ
ajeer-3733	5	9	-	-	ADJ
ajeer-3733	5	10	fiscal	fiscal	ADJ
ajeer-3733	5	11	model	model	NOUN
ajeer-3733	5	12	for	for	ADP
ajeer-3733	5	13	simulating	simulate	VERB
ajeer-3733	5	14	and	and	CCONJ
ajeer-3733	5	15	forecasting	forecast	VERB
ajeer-3733	5	16	macroeconomic	macroeconomic	ADJ
ajeer-3733	5	17	policies	policy	NOUN
ajeer-3733	5	18	in	in	ADP
ajeer-3733	5	19	cambodia	cambodia	PROPN
ajeer-3733	5	20	.	.	PUNCT
ajeer-3733	6	1	the	the	DET
ajeer-3733	6	2	model	model	NOUN
ajeer-3733	6	3	is	be	AUX
ajeer-3733	6	4	calibrated	calibrate	VERB
ajeer-3733	6	5	to	to	PART
ajeer-3733	6	6	capture	capture	VERB
ajeer-3733	6	7	key	key	ADJ
ajeer-3733	6	8	characteristics	characteristic	NOUN
ajeer-3733	6	9	of	of	ADP
ajeer-3733	6	10	cambodia	cambodia	PROPN
ajeer-3733	6	11	’s	’s	PART
ajeer-3733	6	12	economy	economy	NOUN
ajeer-3733	6	13	and	and	CCONJ
ajeer-3733	6	14	serves	serve	VERB
ajeer-3733	6	15	as	as	ADP
ajeer-3733	6	16	a	a	DET
ajeer-3733	6	17	tool	tool	NOUN
ajeer-3733	6	18	for	for	ADP
ajeer-3733	6	19	scenario	scenario	NOUN
ajeer-3733	6	20	analysis	analysis	NOUN
ajeer-3733	6	21	.	.	PUNCT
ajeer-3733	7	1	we	we	PRON
ajeer-3733	7	2	demonstrate	demonstrate	VERB
ajeer-3733	7	3	its	its	PRON
ajeer-3733	7	4	application	application	NOUN
ajeer-3733	7	5	with	with	ADP
ajeer-3733	7	6	an	an	DET
ajeer-3733	7	7	illustrative	illustrative	ADJ
ajeer-3733	7	8	scenario	scenario	NOUN
ajeer-3733	7	9	of	of	ADP
ajeer-3733	7	10	the	the	DET
ajeer-3733	7	11	macroeconomic	macroeconomic	ADJ
ajeer-3733	7	12	effects	effect	NOUN
ajeer-3733	7	13	of	of	ADP
ajeer-3733	7	14	the	the	DET
ajeer-3733	7	15	covid-19	covid-19	PROPN
ajeer-3733	7	16	pandemic	pandemic	NOUN
ajeer-3733	7	17	.	.	PUNCT
ajeer-3733	8	1	the	the	DET
ajeer-3733	8	2	model	model	NOUN
ajeer-3733	8	3	’s	’s	PART
ajeer-3733	8	4	results	result	NOUN
ajeer-3733	8	5	conform	conform	VERB
ajeer-3733	8	6	with	with	ADP
ajeer-3733	8	7	past	past	ADJ
ajeer-3733	8	8	empirical	empirical	ADJ
ajeer-3733	8	9	analyses	analysis	NOUN
ajeer-3733	8	10	of	of	ADP
ajeer-3733	8	11	the	the	DET
ajeer-3733	8	12	cambodian	cambodian	ADJ
ajeer-3733	8	13	economy	economy	NOUN
ajeer-3733	8	14	and	and	CCONJ
ajeer-3733	8	15	generate	generate	VERB
ajeer-3733	8	16	intuitive	intuitive	ADJ
ajeer-3733	8	17	and	and	CCONJ
ajeer-3733	8	18	easyto	easyto	PROPN
ajeer-3733	8	19	-	-	PUNCT
ajeer-3733	8	20	understand	understand	VERB
ajeer-3733	8	21	policy	policy	NOUN
ajeer-3733	8	22	scenarios	scenario	NOUN
ajeer-3733	8	23	.	.	PUNCT
ajeer-3733	9	1	complemented	complement	VERB
ajeer-3733	9	2	with	with	ADP
ajeer-3733	9	3	near	near	ADJ
ajeer-3733	9	4	-	-	PUNCT
ajeer-3733	9	5	term	term	NOUN
ajeer-3733	9	6	forecasting	forecasting	NOUN
ajeer-3733	9	7	tools	tool	NOUN
ajeer-3733	9	8	and	and	CCONJ
ajeer-3733	9	9	expert	expert	ADJ
ajeer-3733	9	10	judgment	judgment	NOUN
ajeer-3733	9	11	,	,	PUNCT
ajeer-3733	9	12	the	the	DET
ajeer-3733	9	13	dynamics	dynamic	NOUN
ajeer-3733	9	14	of	of	ADP
ajeer-3733	9	15	the	the	DET
ajeer-3733	9	16	model	model	NOUN
ajeer-3733	9	17	help	help	NOUN
ajeer-3733	9	18	to	to	PART
ajeer-3733	9	19	inform	inform	VERB
ajeer-3733	9	20	policymakers	policymaker	NOUN
ajeer-3733	9	21	about	about	ADP
ajeer-3733	9	22	medium	medium	ADJ
ajeer-3733	9	23	-	-	PUNCT
ajeer-3733	9	24	term	term	NOUN
ajeer-3733	9	25	transmission	transmission	NOUN
ajeer-3733	9	26	channels	channel	NOUN
ajeer-3733	9	27	and	and	CCONJ
ajeer-3733	9	28	thus	thus	ADV
ajeer-3733	9	29	guide	guide	VERB
ajeer-3733	9	30	policy	policy	NOUN
ajeer-3733	9	31	advice	advice	NOUN
ajeer-3733	9	32	.	.	PUNCT
ajeer-3733	10	1	in	in	ADP
ajeer-3733	10	2	particular	particular	ADJ
ajeer-3733	10	3	,	,	PUNCT
ajeer-3733	10	4	the	the	DET
ajeer-3733	10	5	results	result	NOUN
ajeer-3733	10	6	could	could	AUX
ajeer-3733	10	7	serve	serve	VERB
ajeer-3733	10	8	as	as	ADP
ajeer-3733	10	9	an	an	DET
ajeer-3733	10	10	input	input	NOUN
ajeer-3733	10	11	for	for	ADP
ajeer-3733	10	12	the	the	DET
ajeer-3733	10	13	country	country	NOUN
ajeer-3733	10	14	’s	’s	PART
ajeer-3733	10	15	medium	medium	ADJ
ajeer-3733	10	16	-	-	PUNCT
ajeer-3733	10	17	term	term	NOUN
ajeer-3733	10	18	fiscal	fiscal	ADJ
ajeer-3733	10	19	framework	framework	NOUN
ajeer-3733	10	20	and	and	CCONJ
ajeer-3733	10	21	debt	debt	NOUN
ajeer-3733	10	22	sustainability	sustainability	NOUN
ajeer-3733	10	23	analysis	analysis	NOUN
ajeer-3733	10	24	.	.	PUNCT
ajeer-3733	11	1	keywords	keyword	NOUN
ajeer-3733	11	2	:	:	PUNCT
ajeer-3733	11	3	business	business	NOUN
ajeer-3733	11	4	cycle	cycle	NOUN
ajeer-3733	11	5	,	,	PUNCT
ajeer-3733	11	6	fiscal	fiscal	ADJ
ajeer-3733	11	7	policy	policy	NOUN
ajeer-3733	11	8	,	,	PUNCT
ajeer-3733	11	9	cambodia	cambodia	PROPN
ajeer-3733	11	10	,	,	PUNCT
ajeer-3733	11	11	forecasting	forecasting	NOUN
ajeer-3733	11	12	,	,	PUNCT
ajeer-3733	11	13	simulation	simulation	NOUN
ajeer-3733	11	14	,	,	PUNCT
ajeer-3733	11	15	debt	debt	NOUN
ajeer-3733	11	16	management	management	NOUN
ajeer-3733	11	17	.	.	PUNCT
ajeer-3733	12	1	jel	jel	PROPN
ajeer-3733	12	2	classification	classification	NOUN
ajeer-3733	12	3	:	:	PUNCT
ajeer-3733	12	4	e32	e32	ADJ
ajeer-3733	12	5	;	;	PUNCT
ajeer-3733	12	6	e52	e52	PROPN
ajeer-3733	12	7	;	;	PUNCT
ajeer-3733	12	8	e58	e58	PROPN
ajeer-3733	12	9	;	;	PUNCT
ajeer-3733	12	10	e62	e62	NOUN
ajeer-3733	12	11	;	;	PUNCT
ajeer-3733	12	12	f47	f47	NOUN
ajeer-3733	12	13	,	,	PUNCT
ajeer-3733	12	14	h68	h68	PROPN
ajeer-3733	12	15	.	.	PUNCT
ajeer-3733	13	1	citation	citation	NOUN
ajeer-3733	13	2	|	|	PROPN
ajeer-3733	13	3	daniel	daniel	PROPN
ajeer-3733	13	4	baksa	baksa	PROPN
ajeer-3733	13	5	;	;	PUNCT
ajeer-3733	13	6	ales	ale	NOUN
ajeer-3733	13	7	bulir	bulir	NOUN
ajeer-3733	13	8	;	;	PUNCT
ajeer-3733	13	9	dyna	dyna	PROPN
ajeer-3733	13	10	heng	heng	PROPN
ajeer-3733	13	11	(	(	PUNCT
ajeer-3733	13	12	2022	2022	NUM
ajeer-3733	13	13	)	)	PUNCT
ajeer-3733	13	14	.	.	PUNCT
ajeer-3733	14	1	a	a	DET
ajeer-3733	14	2	simple	simple	ADJ
ajeer-3733	14	3	macro	macro	ADJ
ajeer-3733	14	4	-	-	ADJ
ajeer-3733	14	5	fiscal	fiscal	ADJ
ajeer-3733	14	6	model	model	NOUN
ajeer-3733	14	7	for	for	ADP
ajeer-3733	14	8	policy	policy	NOUN
ajeer-3733	14	9	analysis	analysis	NOUN
ajeer-3733	14	10	:	:	PUNCT
ajeer-3733	14	11	an	an	DET
ajeer-3733	14	12	application	application	NOUN
ajeer-3733	14	13	to	to	ADP
ajeer-3733	14	14	cambodia	cambodia	PROPN
ajeer-3733	14	15	.	.	PUNCT
ajeer-3733	15	1	asian	asian	ADJ
ajeer-3733	15	2	journal	journal	PROPN
ajeer-3733	15	3	of	of	ADP
ajeer-3733	15	4	economics	economic	NOUN
ajeer-3733	15	5	and	and	CCONJ
ajeer-3733	15	6	empirical	empirical	ADJ
ajeer-3733	15	7	research	research	NOUN
ajeer-3733	15	8	,	,	PUNCT
ajeer-3733	15	9	9(1	9(1	NUM
ajeer-3733	15	10	):	):	PUNCT
ajeer-3733	15	11	21	21	NUM
ajeer-3733	15	12	-	-	SYM
ajeer-3733	15	13	37	37	NUM
ajeer-3733	15	14	.	.	PUNCT
ajeer-3733	16	1	history	history	NOUN
ajeer-3733	16	2	:	:	PUNCT
ajeer-3733	16	3	received	receive	VERB
ajeer-3733	16	4	:	:	PUNCT
ajeer-3733	16	5	14	14	NUM
ajeer-3733	16	6	december	december	PROPN
ajeer-3733	16	7	2021	2021	NUM
ajeer-3733	16	8	revised	revise	VERB
ajeer-3733	16	9	:	:	PUNCT
ajeer-3733	16	10	16	16	NUM
ajeer-3733	16	11	february	february	NOUN
ajeer-3733	16	12	2022	2022	NUM
ajeer-3733	16	13	accepted	accept	VERB
ajeer-3733	16	14	:	:	PUNCT
ajeer-3733	16	15	25	25	NUM
ajeer-3733	16	16	february	february	NOUN
ajeer-3733	16	17	2022	2022	NUM
ajeer-3733	16	18	published	publish	VERB
ajeer-3733	16	19	:	:	PUNCT
ajeer-3733	16	20	28	28	NUM
ajeer-3733	16	21	february	february	NOUN
ajeer-3733	16	22	2022	2022	NUM
ajeer-3733	16	23	licensed	license	VERB
ajeer-3733	16	24	:	:	PUNCT
ajeer-3733	16	25	this	this	DET
ajeer-3733	16	26	work	work	NOUN
ajeer-3733	16	27	is	be	AUX
ajeer-3733	16	28	licensed	license	VERB
ajeer-3733	16	29	under	under	ADP
ajeer-3733	16	30	a	a	DET
ajeer-3733	16	31	creative	creative	ADJ
ajeer-3733	16	32	commons	common	NOUN
ajeer-3733	16	33	attribution	attribution	NOUN
ajeer-3733	16	34	3.0	3.0	NUM
ajeer-3733	16	35	license	license	NOUN
ajeer-3733	16	36	publisher	publisher	NOUN
ajeer-3733	16	37	:	:	PUNCT
ajeer-3733	16	38	asian	asian	ADJ
ajeer-3733	16	39	online	online	PROPN
ajeer-3733	16	40	journal	journal	PROPN
ajeer-3733	16	41	publishing	publishing	PROPN
ajeer-3733	16	42	group	group	PROPN
ajeer-3733	16	43	funding	funding	NOUN
ajeer-3733	16	44	:	:	PUNCT
ajeer-3733	16	45	this	this	DET
ajeer-3733	16	46	study	study	NOUN
ajeer-3733	16	47	received	receive	VERB
ajeer-3733	16	48	no	no	DET
ajeer-3733	16	49	specific	specific	ADJ
ajeer-3733	16	50	financial	financial	ADJ
ajeer-3733	16	51	support	support	NOUN
ajeer-3733	16	52	.	.	PUNCT
ajeer-3733	17	1	authors	author	NOUN
ajeer-3733	17	2	’	'	PUNCT
ajeer-3733	17	3	contributions	contribution	NOUN
ajeer-3733	17	4	:	:	PUNCT
ajeer-3733	17	5	all	all	DET
ajeer-3733	17	6	authors	author	NOUN
ajeer-3733	17	7	contributed	contribute	VERB
ajeer-3733	17	8	equally	equally	ADV
ajeer-3733	17	9	to	to	ADP
ajeer-3733	17	10	the	the	DET
ajeer-3733	17	11	conception	conception	NOUN
ajeer-3733	17	12	and	and	CCONJ
ajeer-3733	17	13	design	design	NOUN
ajeer-3733	17	14	of	of	ADP
ajeer-3733	17	15	the	the	DET
ajeer-3733	17	16	study	study	NOUN
ajeer-3733	17	17	.	.	PUNCT
ajeer-3733	18	1	acknowledgement	acknowledgement	NOUN
ajeer-3733	18	2	:	:	PUNCT
ajeer-3733	18	3	this	this	DET
ajeer-3733	18	4	paper	paper	NOUN
ajeer-3733	18	5	was	be	AUX
ajeer-3733	18	6	originally	originally	ADV
ajeer-3733	18	7	published	publish	VERB
ajeer-3733	18	8	as	as	ADP
ajeer-3733	18	9	an	an	DET
ajeer-3733	18	10	imf	imf	PROPN
ajeer-3733	18	11	working	working	NOUN
ajeer-3733	18	12	paper	paper	NOUN
ajeer-3733	18	13	.	.	PUNCT
ajeer-3733	19	1	it	it	PRON
ajeer-3733	19	2	greatly	greatly	ADV
ajeer-3733	19	3	benefited	benefit	VERB
ajeer-3733	19	4	from	from	ADP
ajeer-3733	19	5	discussions	discussion	NOUN
ajeer-3733	19	6	with	with	ADP
ajeer-3733	19	7	the	the	DET
ajeer-3733	19	8	staff	staff	NOUN
ajeer-3733	19	9	of	of	ADP
ajeer-3733	19	10	cambodia	cambodia	PROPN
ajeer-3733	19	11	’s	’s	PART
ajeer-3733	19	12	ministry	ministry	PROPN
ajeer-3733	19	13	of	of	ADP
ajeer-3733	19	14	economy	economy	NOUN
ajeer-3733	19	15	and	and	CCONJ
ajeer-3733	19	16	finance	finance	NOUN
ajeer-3733	19	17	and	and	CCONJ
ajeer-3733	19	18	the	the	DET
ajeer-3733	19	19	national	national	PROPN
ajeer-3733	19	20	bank	bank	PROPN
ajeer-3733	19	21	of	of	ADP
ajeer-3733	19	22	cambodia	cambodia	PROPN
ajeer-3733	19	23	.	.	PUNCT
ajeer-3733	20	1	the	the	DET
ajeer-3733	20	2	views	view	NOUN
ajeer-3733	20	3	expressed	express	VERB
ajeer-3733	20	4	in	in	ADP
ajeer-3733	20	5	this	this	DET
ajeer-3733	20	6	paper	paper	NOUN
ajeer-3733	20	7	are	be	AUX
ajeer-3733	20	8	those	those	PRON
ajeer-3733	20	9	of	of	ADP
ajeer-3733	20	10	the	the	DET
ajeer-3733	20	11	authors	author	NOUN
ajeer-3733	20	12	and	and	CCONJ
ajeer-3733	20	13	not	not	PART
ajeer-3733	20	14	necessarily	necessarily	ADV
ajeer-3733	20	15	those	those	PRON
ajeer-3733	20	16	of	of	ADP
ajeer-3733	20	17	the	the	DET
ajeer-3733	20	18	cambodian	cambodian	ADJ
ajeer-3733	20	19	authorities	authority	NOUN
ajeer-3733	20	20	,	,	PUNCT
ajeer-3733	20	21	the	the	DET
ajeer-3733	20	22	international	international	ADJ
ajeer-3733	20	23	monetary	monetary	ADJ
ajeer-3733	20	24	fund	fund	NOUN
ajeer-3733	20	25	,	,	PUNCT
ajeer-3733	20	26	or	or	CCONJ
ajeer-3733	20	27	its	its	PRON
ajeer-3733	20	28	executive	executive	ADJ
ajeer-3733	20	29	board	board	NOUN
ajeer-3733	20	30	.	.	PUNCT
ajeer-3733	21	1	competing	compete	VERB
ajeer-3733	21	2	interests	interest	NOUN
ajeer-3733	21	3	:	:	PUNCT
ajeer-3733	21	4	the	the	DET
ajeer-3733	21	5	authors	author	NOUN
ajeer-3733	21	6	declare	declare	VERB
ajeer-3733	21	7	that	that	SCONJ
ajeer-3733	21	8	they	they	PRON
ajeer-3733	21	9	have	have	VERB
ajeer-3733	21	10	no	no	DET
ajeer-3733	21	11	conflict	conflict	NOUN
ajeer-3733	21	12	of	of	ADP
ajeer-3733	21	13	interest	interest	NOUN
ajeer-3733	21	14	.	.	PUNCT
ajeer-3733	22	1	transparency	transparency	NOUN
ajeer-3733	22	2	:	:	PUNCT
ajeer-3733	22	3	the	the	DET
ajeer-3733	22	4	authors	author	NOUN
ajeer-3733	22	5	confirm	confirm	VERB
ajeer-3733	22	6	that	that	SCONJ
ajeer-3733	22	7	the	the	DET
ajeer-3733	22	8	manuscript	manuscript	NOUN
ajeer-3733	22	9	is	be	AUX
ajeer-3733	22	10	an	an	DET
ajeer-3733	22	11	honest	honest	ADJ
ajeer-3733	22	12	,	,	PUNCT
ajeer-3733	22	13	accurate	accurate	ADJ
ajeer-3733	22	14	,	,	PUNCT
ajeer-3733	22	15	and	and	CCONJ
ajeer-3733	22	16	transparent	transparent	ADJ
ajeer-3733	22	17	account	account	NOUN
ajeer-3733	22	18	of	of	ADP
ajeer-3733	22	19	the	the	DET
ajeer-3733	22	20	study	study	NOUN
ajeer-3733	22	21	;	;	PUNCT
ajeer-3733	22	22	that	that	SCONJ
ajeer-3733	22	23	no	no	DET
ajeer-3733	22	24	vital	vital	ADJ
ajeer-3733	22	25	features	feature	NOUN
ajeer-3733	22	26	of	of	ADP
ajeer-3733	22	27	the	the	DET
ajeer-3733	22	28	study	study	NOUN
ajeer-3733	22	29	have	have	AUX
ajeer-3733	22	30	been	be	AUX
ajeer-3733	22	31	omitted	omit	VERB
ajeer-3733	22	32	;	;	PUNCT
ajeer-3733	22	33	and	and	CCONJ
ajeer-3733	22	34	that	that	SCONJ
ajeer-3733	22	35	any	any	DET
ajeer-3733	22	36	discrepancies	discrepancy	NOUN
ajeer-3733	22	37	from	from	ADP
ajeer-3733	22	38	the	the	DET
ajeer-3733	22	39	study	study	NOUN
ajeer-3733	22	40	as	as	SCONJ
ajeer-3733	22	41	planned	plan	VERB
ajeer-3733	22	42	have	have	AUX
ajeer-3733	22	43	been	be	AUX
ajeer-3733	22	44	explained	explain	VERB
ajeer-3733	22	45	.	.	PUNCT
ajeer-3733	23	1	ethical	ethical	ADJ
ajeer-3733	23	2	:	:	PUNCT
ajeer-3733	23	3	this	this	DET
ajeer-3733	23	4	study	study	NOUN
ajeer-3733	23	5	followed	follow	VERB
ajeer-3733	23	6	all	all	DET
ajeer-3733	23	7	ethical	ethical	ADJ
ajeer-3733	23	8	practices	practice	NOUN
ajeer-3733	23	9	during	during	ADP
ajeer-3733	23	10	writing	writing	NOUN
ajeer-3733	23	11	.	.	PUNCT
ajeer-3733	24	1	contents	content	NOUN
ajeer-3733	24	2	1	1	NUM
ajeer-3733	24	3	.	.	PUNCT
ajeer-3733	25	1	introduction	introduction	NOUN
ajeer-3733	25	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-3733	26	1	22	22	NUM
ajeer-3733	26	2	2	2	NUM
ajeer-3733	26	3	.	.	PUNCT
ajeer-3733	27	1	the	the	DET
ajeer-3733	27	2	macro	macro	ADJ
ajeer-3733	27	3	-	-	ADJ
ajeer-3733	27	4	fiscal	fiscal	ADJ
ajeer-3733	27	5	model	model	NOUN
ajeer-3733	27	6	................................................................................................................................................................	................................................................................................................................................................	PROPN
ajeer-3733	28	1	22	22	NUM
ajeer-3733	28	2	3	3	NUM
ajeer-3733	28	3	.	.	PUNCT
ajeer-3733	29	1	recent	recent	ADJ
ajeer-3733	29	2	economic	economic	ADJ
ajeer-3733	29	3	developments	development	NOUN
ajeer-3733	29	4	in	in	ADP
ajeer-3733	29	5	cambodia	cambodia	PROPN
ajeer-3733	29	6	and	and	CCONJ
ajeer-3733	29	7	camfi	camfi	PROPN
ajeer-3733	29	8	calibration	calibration	NOUN
ajeer-3733	29	9	..............................................................................	..............................................................................	PUNCT
ajeer-3733	29	10	26	26	NUM
ajeer-3733	29	11	4	4	NUM
ajeer-3733	29	12	.	.	PUNCT
ajeer-3733	30	1	a	a	DET
ajeer-3733	30	2	policy	policy	NOUN
ajeer-3733	30	3	-	-	PUNCT
ajeer-3733	30	4	relevant	relevant	ADJ
ajeer-3733	30	5	exercise	exercise	NOUN
ajeer-3733	30	6	............................................................................................................................................................	............................................................................................................................................................	PUNCT
ajeer-3733	30	7	32	32	NUM
ajeer-3733	30	8	5	5	NUM
ajeer-3733	30	9	.	.	PUNCT
ajeer-3733	30	10	caveats	caveat	NOUN
ajeer-3733	30	11	and	and	CCONJ
ajeer-3733	30	12	potential	potential	ADJ
ajeer-3733	30	13	extensions	extension	NOUN
ajeer-3733	30	14	................................................................................................................................................	................................................................................................................................................	PUNCT
ajeer-3733	31	1	33	33	NUM
ajeer-3733	31	2	6	6	NUM
ajeer-3733	31	3	.	.	PUNCT
ajeer-3733	32	1	conclusions	conclusion	NOUN
ajeer-3733	32	2	.......................................................................................................................................................................................	.......................................................................................................................................................................................	PUNCT
ajeer-3733	33	1	34	34	NUM
ajeer-3733	33	2	references	reference	NOUN
ajeer-3733	33	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	PROPN
ajeer-3733	34	1	34	34	NUM
ajeer-3733	34	2	mailto:dbaksa2@imf.org	mailto:dbaksa2@imf.org	PROPN
ajeer-3733	34	3	mailto:abulir@imf.org	mailto:abulir@imf.org	PROPN
ajeer-3733	34	4	mailto:dheng@imf.org	mailto:dheng@imf.org	PROPN
ajeer-3733	34	5	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-3733	34	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-3733	34	7	https://www.doi.org/10.20448/ajeer.v9i1.3733	https://www.doi.org/10.20448/ajeer.v9i1.3733	PROPN
ajeer-3733	34	8	https://orcid.org/0000-0002-6865-6159	https://orcid.org/0000-0002-6865-6159	PROPN
ajeer-3733	34	9	asian	asian	ADJ
ajeer-3733	34	10	journal	journal	PROPN
ajeer-3733	34	11	of	of	ADP
ajeer-3733	34	12	economics	economic	NOUN
ajeer-3733	34	13	and	and	CCONJ
ajeer-3733	34	14	empirical	empirical	ADJ
ajeer-3733	34	15	research	research	NOUN
ajeer-3733	34	16	,	,	PUNCT
ajeer-3733	34	17	2022	2022	NUM
ajeer-3733	34	18	,	,	PUNCT
ajeer-3733	34	19	9(1	9(1	NUM
ajeer-3733	34	20	):	):	PUNCT
ajeer-3733	34	21	21	21	NUM
ajeer-3733	34	22	-	-	SYM
ajeer-3733	34	23	37	37	NUM
ajeer-3733	34	24	22	22	NUM
ajeer-3733	34	25	©	©	ADP
ajeer-3733	34	26	2022	2022	NUM
ajeer-3733	34	27	by	by	ADP
ajeer-3733	34	28	the	the	DET
ajeer-3733	34	29	authors	author	NOUN
ajeer-3733	34	30	;	;	PUNCT
ajeer-3733	34	31	licensee	licensee	PROPN
ajeer-3733	34	32	asian	asian	ADJ
ajeer-3733	34	33	online	online	PROPN
ajeer-3733	34	34	journal	journal	PROPN
ajeer-3733	34	35	publishing	publishing	NOUN
ajeer-3733	34	36	group	group	NOUN
ajeer-3733	34	37	contribution	contribution	NOUN
ajeer-3733	34	38	of	of	ADP
ajeer-3733	34	39	this	this	DET
ajeer-3733	34	40	paper	paper	NOUN
ajeer-3733	34	41	to	to	ADP
ajeer-3733	34	42	the	the	DET
ajeer-3733	34	43	literature	literature	NOUN
ajeer-3733	34	44	this	this	DET
ajeer-3733	34	45	paper	paper	NOUN
ajeer-3733	34	46	contributes	contribute	VERB
ajeer-3733	34	47	to	to	ADP
ajeer-3733	34	48	the	the	DET
ajeer-3733	34	49	growing	grow	VERB
ajeer-3733	34	50	literature	literature	NOUN
ajeer-3733	34	51	on	on	ADP
ajeer-3733	34	52	forecasting	forecasting	NOUN
ajeer-3733	34	53	and	and	CCONJ
ajeer-3733	34	54	policy	policy	NOUN
ajeer-3733	34	55	analysis	analysis	NOUN
ajeer-3733	34	56	systems	system	NOUN
ajeer-3733	34	57	that	that	PRON
ajeer-3733	34	58	in	in	ADP
ajeer-3733	34	59	many	many	ADJ
ajeer-3733	34	60	countries	country	NOUN
ajeer-3733	34	61	are	be	AUX
ajeer-3733	34	62	designed	design	VERB
ajeer-3733	34	63	to	to	PART
ajeer-3733	34	64	support	support	VERB
ajeer-3733	34	65	forward	forward	ADV
ajeer-3733	34	66	-	-	PUNCT
ajeer-3733	34	67	looking	look	VERB
ajeer-3733	34	68	fiscal	fiscal	ADJ
ajeer-3733	34	69	and	and	CCONJ
ajeer-3733	34	70	monetary	monetary	ADJ
ajeer-3733	34	71	policy	policy	NOUN
ajeer-3733	34	72	formulation	formulation	NOUN
ajeer-3733	34	73	.	.	PUNCT
ajeer-3733	35	1	this	this	DET
ajeer-3733	35	2	paper	paper	NOUN
ajeer-3733	35	3	presents	present	VERB
ajeer-3733	35	4	a	a	DET
ajeer-3733	35	5	macro	macro	ADJ
ajeer-3733	35	6	-	-	ADJ
ajeer-3733	35	7	fiscal	fiscal	ADJ
ajeer-3733	35	8	tool	tool	NOUN
ajeer-3733	35	9	,	,	PUNCT
ajeer-3733	35	10	the	the	DET
ajeer-3733	35	11	simulation	simulation	NOUN
ajeer-3733	35	12	results	result	NOUN
ajeer-3733	35	13	of	of	ADP
ajeer-3733	35	14	which	which	PRON
ajeer-3733	35	15	can	can	AUX
ajeer-3733	35	16	serve	serve	VERB
ajeer-3733	35	17	as	as	ADP
ajeer-3733	35	18	inputs	input	NOUN
ajeer-3733	35	19	for	for	ADP
ajeer-3733	35	20	a	a	DET
ajeer-3733	35	21	medium	medium	ADJ
ajeer-3733	35	22	-	-	PUNCT
ajeer-3733	35	23	term	term	NOUN
ajeer-3733	35	24	fiscal	fiscal	ADJ
ajeer-3733	35	25	framework	framework	NOUN
ajeer-3733	35	26	in	in	ADP
ajeer-3733	35	27	cambodia	cambodia	PROPN
ajeer-3733	35	28	.	.	PUNCT
ajeer-3733	36	1	1	1	X
ajeer-3733	36	2	.	.	X
ajeer-3733	36	3	introduction	introduction	NOUN
ajeer-3733	36	4	for	for	ADP
ajeer-3733	36	5	the	the	DET
ajeer-3733	36	6	past	past	ADJ
ajeer-3733	36	7	30	30	NUM
ajeer-3733	36	8	years	year	NOUN
ajeer-3733	36	9	,	,	PUNCT
ajeer-3733	36	10	economists	economist	NOUN
ajeer-3733	36	11	have	have	AUX
ajeer-3733	36	12	been	be	AUX
ajeer-3733	36	13	building	build	VERB
ajeer-3733	36	14	simple	simple	ADJ
ajeer-3733	36	15	,	,	PUNCT
ajeer-3733	36	16	policy	policy	NOUN
ajeer-3733	36	17	-	-	PUNCT
ajeer-3733	36	18	relevant	relevant	ADJ
ajeer-3733	36	19	models	model	NOUN
ajeer-3733	36	20	,	,	PUNCT
ajeer-3733	36	21	typically	typically	ADV
ajeer-3733	36	22	with	with	ADP
ajeer-3733	36	23	either	either	CCONJ
ajeer-3733	36	24	a	a	DET
ajeer-3733	36	25	monetary	monetary	ADJ
ajeer-3733	36	26	or	or	CCONJ
ajeer-3733	36	27	a	a	DET
ajeer-3733	36	28	fiscal	fiscal	ADJ
ajeer-3733	36	29	transmission	transmission	NOUN
ajeer-3733	36	30	mechanism	mechanism	NOUN
ajeer-3733	36	31	.	.	PUNCT
ajeer-3733	37	1	rarely	rarely	ADV
ajeer-3733	37	2	do	do	AUX
ajeer-3733	37	3	these	these	DET
ajeer-3733	37	4	models	model	NOUN
ajeer-3733	37	5	give	give	VERB
ajeer-3733	37	6	equal	equal	ADJ
ajeer-3733	37	7	attention	attention	NOUN
ajeer-3733	37	8	to	to	ADP
ajeer-3733	37	9	both	both	PRON
ajeer-3733	37	10	.	.	PUNCT
ajeer-3733	38	1	most	most	ADJ
ajeer-3733	38	2	policy	policy	NOUN
ajeer-3733	38	3	applications	application	NOUN
ajeer-3733	38	4	have	have	AUX
ajeer-3733	38	5	been	be	AUX
ajeer-3733	38	6	adopted	adopt	VERB
ajeer-3733	38	7	by	by	ADP
ajeer-3733	38	8	central	central	ADJ
ajeer-3733	38	9	banks	bank	NOUN
ajeer-3733	38	10	rather	rather	ADV
ajeer-3733	38	11	than	than	ADP
ajeer-3733	38	12	ministries	ministry	NOUN
ajeer-3733	38	13	of	of	ADP
ajeer-3733	38	14	finance	finance	NOUN
ajeer-3733	38	15	.	.	PUNCT
ajeer-3733	39	1	in	in	ADP
ajeer-3733	39	2	contrast	contrast	NOUN
ajeer-3733	39	3	,	,	PUNCT
ajeer-3733	39	4	we	we	PRON
ajeer-3733	39	5	build	build	VERB
ajeer-3733	39	6	a	a	DET
ajeer-3733	39	7	parsimonious	parsimonious	ADJ
ajeer-3733	39	8	semi	semi	ADJ
ajeer-3733	39	9	-	-	ADJ
ajeer-3733	39	10	structural	structural	ADJ
ajeer-3733	39	11	model	model	NOUN
ajeer-3733	39	12	that	that	PRON
ajeer-3733	39	13	can	can	AUX
ajeer-3733	39	14	be	be	AUX
ajeer-3733	39	15	used	use	VERB
ajeer-3733	39	16	to	to	PART
ajeer-3733	39	17	simulate	simulate	VERB
ajeer-3733	39	18	and	and	CCONJ
ajeer-3733	39	19	forecast	forecast	VERB
ajeer-3733	39	20	the	the	DET
ajeer-3733	39	21	effects	effect	NOUN
ajeer-3733	39	22	of	of	ADP
ajeer-3733	39	23	both	both	CCONJ
ajeer-3733	39	24	monetary	monetary	ADJ
ajeer-3733	39	25	and	and	CCONJ
ajeer-3733	39	26	fiscal	fiscal	ADJ
ajeer-3733	39	27	policies	policy	NOUN
ajeer-3733	39	28	for	for	ADP
ajeer-3733	39	29	all	all	DET
ajeer-3733	39	30	relevant	relevant	ADJ
ajeer-3733	39	31	monetary	monetary	ADJ
ajeer-3733	39	32	and	and	CCONJ
ajeer-3733	39	33	exchange	exchange	NOUN
ajeer-3733	39	34	rate	rate	NOUN
ajeer-3733	39	35	arrangements	arrangement	NOUN
ajeer-3733	39	36	.	.	PUNCT
ajeer-3733	40	1	compared	compare	VERB
ajeer-3733	40	2	to	to	ADP
ajeer-3733	40	3	more	more	ADV
ajeer-3733	40	4	detailed	detailed	ADJ
ajeer-3733	40	5	frameworks	framework	NOUN
ajeer-3733	40	6	,	,	PUNCT
ajeer-3733	40	7	including	include	VERB
ajeer-3733	40	8	those	those	PRON
ajeer-3733	40	9	of	of	ADP
ajeer-3733	40	10	the	the	DET
ajeer-3733	40	11	imf	imf	PROPN
ajeer-3733	40	12	financial	financial	ADJ
ajeer-3733	40	13	programming	programming	NOUN
ajeer-3733	40	14	(	(	PUNCT
ajeer-3733	40	15	fp	fp	NOUN
ajeer-3733	40	16	)	)	PUNCT
ajeer-3733	40	17	,	,	PUNCT
ajeer-3733	40	18	which	which	PRON
ajeer-3733	40	19	are	be	AUX
ajeer-3733	40	20	built	build	VERB
ajeer-3733	40	21	around	around	ADP
ajeer-3733	40	22	many	many	ADJ
ajeer-3733	40	23	variables	variable	NOUN
ajeer-3733	40	24	and	and	CCONJ
ajeer-3733	40	25	identities	identity	NOUN
ajeer-3733	40	26	,	,	PUNCT
ajeer-3733	40	27	this	this	DET
ajeer-3733	40	28	model	model	NOUN
ajeer-3733	40	29	uses	use	VERB
ajeer-3733	40	30	fewer	few	ADJ
ajeer-3733	40	31	variables	variable	NOUN
ajeer-3733	40	32	and	and	CCONJ
ajeer-3733	40	33	binds	bind	VERB
ajeer-3733	40	34	them	they	PRON
ajeer-3733	40	35	together	together	ADV
ajeer-3733	40	36	in	in	ADP
ajeer-3733	40	37	a	a	DET
ajeer-3733	40	38	way	way	NOUN
ajeer-3733	40	39	that	that	PRON
ajeer-3733	40	40	has	have	AUX
ajeer-3733	40	41	been	be	AUX
ajeer-3733	40	42	tested	test	VERB
ajeer-3733	40	43	both	both	CCONJ
ajeer-3733	40	44	theoretically	theoretically	ADV
ajeer-3733	40	45	and	and	CCONJ
ajeer-3733	40	46	empirically	empirically	ADV
ajeer-3733	40	47	.	.	PUNCT
ajeer-3733	41	1	we	we	PRON
ajeer-3733	41	2	have	have	AUX
ajeer-3733	41	3	adapted	adapt	VERB
ajeer-3733	41	4	the	the	DET
ajeer-3733	41	5	basic	basic	ADJ
ajeer-3733	41	6	approach	approach	NOUN
ajeer-3733	41	7	for	for	ADP
ajeer-3733	41	8	use	use	NOUN
ajeer-3733	41	9	in	in	ADP
ajeer-3733	41	10	cambodia	cambodia	PROPN
ajeer-3733	41	11	and	and	CCONJ
ajeer-3733	41	12	present	present	VERB
ajeer-3733	41	13	a	a	DET
ajeer-3733	41	14	scenario	scenario	NOUN
ajeer-3733	41	15	of	of	ADP
ajeer-3733	41	16	possible	possible	ADJ
ajeer-3733	41	17	macroeconomic	macroeconomic	ADJ
ajeer-3733	41	18	effects	effect	NOUN
ajeer-3733	41	19	of	of	ADP
ajeer-3733	41	20	the	the	DET
ajeer-3733	41	21	covid19	covid19	NOUN
ajeer-3733	41	22	pandemic	pandemic	ADJ
ajeer-3733	41	23	there	there	ADV
ajeer-3733	41	24	.	.	PUNCT
ajeer-3733	42	1	we	we	PRON
ajeer-3733	42	2	augment	augment	VERB
ajeer-3733	42	3	the	the	DET
ajeer-3733	42	4	standard	standard	ADJ
ajeer-3733	42	5	new	new	ADJ
ajeer-3733	42	6	keynesian	keynesian	ADJ
ajeer-3733	42	7	monetary	monetary	ADJ
ajeer-3733	42	8	transmission	transmission	NOUN
ajeer-3733	42	9	channels	channel	NOUN
ajeer-3733	42	10	for	for	ADP
ajeer-3733	42	11	stylized	stylize	VERB
ajeer-3733	42	12	fiscal	fiscal	ADJ
ajeer-3733	42	13	interactions	interaction	NOUN
ajeer-3733	42	14	and	and	CCONJ
ajeer-3733	42	15	debt	debt	NOUN
ajeer-3733	42	16	dynamics	dynamic	NOUN
ajeer-3733	42	17	;	;	PUNCT
ajeer-3733	42	18	for	for	ADP
ajeer-3733	42	19	the	the	DET
ajeer-3733	42	20	former	former	ADJ
ajeer-3733	42	21	,	,	PUNCT
ajeer-3733	42	22	our	our	PRON
ajeer-3733	42	23	model	model	NOUN
ajeer-3733	42	24	consists	consist	VERB
ajeer-3733	42	25	of	of	ADP
ajeer-3733	42	26	an	an	DET
ajeer-3733	42	27	aggregate	aggregate	ADJ
ajeer-3733	42	28	demand	demand	NOUN
ajeer-3733	42	29	(	(	PUNCT
ajeer-3733	42	30	is	be	AUX
ajeer-3733	42	31	)	)	PUNCT
ajeer-3733	42	32	curve	curve	NOUN
ajeer-3733	42	33	,	,	PUNCT
ajeer-3733	42	34	a	a	DET
ajeer-3733	42	35	price	price	NOUN
ajeer-3733	42	36	-	-	PUNCT
ajeer-3733	42	37	setting	set	VERB
ajeer-3733	42	38	(	(	PUNCT
ajeer-3733	42	39	phillips	phillip	NOUN
ajeer-3733	42	40	)	)	PUNCT
ajeer-3733	42	41	curve	curve	NOUN
ajeer-3733	42	42	,	,	PUNCT
ajeer-3733	42	43	an	an	DET
ajeer-3733	42	44	uncovered	uncovered	ADJ
ajeer-3733	42	45	interest	interest	NOUN
ajeer-3733	42	46	rate	rate	NOUN
ajeer-3733	42	47	parity	parity	NOUN
ajeer-3733	42	48	(	(	PUNCT
ajeer-3733	42	49	uip	uip	PROPN
ajeer-3733	42	50	)	)	PUNCT
ajeer-3733	42	51	relationship	relationship	NOUN
ajeer-3733	42	52	,	,	PUNCT
ajeer-3733	42	53	and	and	CCONJ
ajeer-3733	42	54	a	a	DET
ajeer-3733	42	55	monetary	monetary	ADJ
ajeer-3733	42	56	policy	policy	NOUN
ajeer-3733	42	57	reaction	reaction	NOUN
ajeer-3733	42	58	function	function	NOUN
ajeer-3733	42	59	that	that	PRON
ajeer-3733	42	60	reflects	reflect	VERB
ajeer-3733	42	61	the	the	DET
ajeer-3733	42	62	given	give	VERB
ajeer-3733	42	63	monetary	monetary	ADJ
ajeer-3733	42	64	and	and	CCONJ
ajeer-3733	42	65	exchange	exchange	NOUN
ajeer-3733	42	66	rate	rate	NOUN
ajeer-3733	42	67	arrangement.1	arrangement.1	VERB
ajeer-3733	42	68	these	these	DET
ajeer-3733	42	69	building	building	NOUN
ajeer-3733	42	70	blocks	block	NOUN
ajeer-3733	42	71	capture	capture	VERB
ajeer-3733	42	72	the	the	DET
ajeer-3733	42	73	principle	principle	NOUN
ajeer-3733	42	74	that	that	SCONJ
ajeer-3733	42	75	the	the	DET
ajeer-3733	42	76	fundamental	fundamental	ADJ
ajeer-3733	42	77	role	role	NOUN
ajeer-3733	42	78	of	of	ADP
ajeer-3733	42	79	monetary	monetary	ADJ
ajeer-3733	42	80	policy	policy	NOUN
ajeer-3733	42	81	is	be	AUX
ajeer-3733	42	82	to	to	PART
ajeer-3733	42	83	anchor	anchor	VERB
ajeer-3733	42	84	inflation	inflation	NOUN
ajeer-3733	42	85	and	and	CCONJ
ajeer-3733	42	86	inflation	inflation	NOUN
ajeer-3733	42	87	expectations	expectation	NOUN
ajeer-3733	42	88	.	.	PUNCT
ajeer-3733	43	1	to	to	PART
ajeer-3733	43	2	capture	capture	VERB
ajeer-3733	43	3	the	the	DET
ajeer-3733	43	4	role	role	NOUN
ajeer-3733	43	5	of	of	ADP
ajeer-3733	43	6	the	the	DET
ajeer-3733	43	7	fiscal	fiscal	ADJ
ajeer-3733	43	8	authority	authority	NOUN
ajeer-3733	43	9	,	,	PUNCT
ajeer-3733	43	10	we	we	PRON
ajeer-3733	43	11	add	add	VERB
ajeer-3733	43	12	the	the	DET
ajeer-3733	43	13	fiscal	fiscal	ADJ
ajeer-3733	43	14	balance	balance	NOUN
ajeer-3733	43	15	,	,	PUNCT
ajeer-3733	43	16	its	its	PRON
ajeer-3733	43	17	financing	financing	NOUN
ajeer-3733	43	18	,	,	PUNCT
ajeer-3733	43	19	debt	debt	NOUN
ajeer-3733	43	20	dynamics	dynamic	NOUN
ajeer-3733	43	21	,	,	PUNCT
ajeer-3733	43	22	and	and	CCONJ
ajeer-3733	43	23	a	a	DET
ajeer-3733	43	24	fiscal	fiscal	ADJ
ajeer-3733	43	25	policy	policy	NOUN
ajeer-3733	43	26	reaction	reaction	NOUN
ajeer-3733	43	27	function	function	NOUN
ajeer-3733	43	28	.	.	PUNCT
ajeer-3733	44	1	this	this	DET
ajeer-3733	44	2	structure	structure	NOUN
ajeer-3733	44	3	is	be	AUX
ajeer-3733	44	4	consistent	consistent	ADJ
ajeer-3733	44	5	with	with	ADP
ajeer-3733	44	6	a	a	DET
ajeer-3733	44	7	view	view	NOUN
ajeer-3733	44	8	of	of	ADP
ajeer-3733	44	9	the	the	DET
ajeer-3733	44	10	world	world	NOUN
ajeer-3733	44	11	in	in	ADP
ajeer-3733	44	12	which	which	PRON
ajeer-3733	44	13	because	because	SCONJ
ajeer-3733	44	14	nominal	nominal	ADJ
ajeer-3733	44	15	and	and	CCONJ
ajeer-3733	44	16	real	real	ADJ
ajeer-3733	44	17	rigidities	rigidity	NOUN
ajeer-3733	44	18	prevent	prevent	VERB
ajeer-3733	44	19	the	the	DET
ajeer-3733	44	20	instantaneous	instantaneous	ADJ
ajeer-3733	44	21	adjustment	adjustment	NOUN
ajeer-3733	44	22	of	of	ADP
ajeer-3733	44	23	prices	price	NOUN
ajeer-3733	44	24	and	and	CCONJ
ajeer-3733	44	25	wages	wage	NOUN
ajeer-3733	44	26	,	,	PUNCT
ajeer-3733	44	27	in	in	ADP
ajeer-3733	44	28	the	the	DET
ajeer-3733	44	29	short	short	ADJ
ajeer-3733	44	30	run	run	NOUN
ajeer-3733	44	31	,	,	PUNCT
ajeer-3733	44	32	aggregate	aggregate	ADJ
ajeer-3733	44	33	demand	demand	NOUN
ajeer-3733	44	34	determines	determine	VERB
ajeer-3733	44	35	output	output	NOUN
ajeer-3733	44	36	;	;	PUNCT
ajeer-3733	44	37	also	also	ADV
ajeer-3733	44	38	,	,	PUNCT
ajeer-3733	44	39	expectations	expectation	NOUN
ajeer-3733	44	40	play	play	VERB
ajeer-3733	44	41	a	a	DET
ajeer-3733	44	42	role	role	NOUN
ajeer-3733	44	43	in	in	ADP
ajeer-3733	44	44	inflation	inflation	NOUN
ajeer-3733	44	45	,	,	PUNCT
ajeer-3733	44	46	output	output	NOUN
ajeer-3733	44	47	,	,	PUNCT
ajeer-3733	44	48	and	and	CCONJ
ajeer-3733	44	49	fiscal	fiscal	ADJ
ajeer-3733	44	50	sustainability	sustainability	NOUN
ajeer-3733	44	51	,	,	PUNCT
ajeer-3733	44	52	and	and	CCONJ
ajeer-3733	44	53	both	both	CCONJ
ajeer-3733	44	54	monetary	monetary	ADJ
ajeer-3733	44	55	and	and	CCONJ
ajeer-3733	44	56	fiscal	fiscal	ADJ
ajeer-3733	44	57	policy	policy	NOUN
ajeer-3733	44	58	are	be	AUX
ajeer-3733	44	59	rule	rule	NOUN
ajeer-3733	44	60	-	-	PUNCT
ajeer-3733	44	61	based	base	VERB
ajeer-3733	44	62	and	and	CCONJ
ajeer-3733	44	63	predictable	predictable	ADJ
ajeer-3733	44	64	.	.	PUNCT
ajeer-3733	45	1	the	the	DET
ajeer-3733	45	2	presented	present	VERB
ajeer-3733	45	3	model	model	NOUN
ajeer-3733	45	4	simplifies	simplify	VERB
ajeer-3733	45	5	the	the	DET
ajeer-3733	45	6	task	task	NOUN
ajeer-3733	45	7	of	of	ADP
ajeer-3733	45	8	analyzing	analyze	VERB
ajeer-3733	45	9	scenarios	scenario	NOUN
ajeer-3733	45	10	for	for	ADP
ajeer-3733	45	11	macroeconomic	macroeconomic	ADJ
ajeer-3733	45	12	policies	policy	NOUN
ajeer-3733	45	13	and	and	CCONJ
ajeer-3733	45	14	assessing	assess	VERB
ajeer-3733	45	15	their	their	PRON
ajeer-3733	45	16	impact	impact	NOUN
ajeer-3733	45	17	.	.	PUNCT
ajeer-3733	46	1	developing	develop	VERB
ajeer-3733	46	2	and	and	CCONJ
ajeer-3733	46	3	comparing	compare	VERB
ajeer-3733	46	4	such	such	ADJ
ajeer-3733	46	5	scenarios	scenario	NOUN
ajeer-3733	46	6	is	be	AUX
ajeer-3733	46	7	time	time	NOUN
ajeer-3733	46	8	-	-	PUNCT
ajeer-3733	46	9	consuming	consume	VERB
ajeer-3733	46	10	,	,	PUNCT
ajeer-3733	46	11	particularly	particularly	ADV
ajeer-3733	46	12	when	when	SCONJ
ajeer-3733	46	13	ensuring	ensure	VERB
ajeer-3733	46	14	internal	internal	ADJ
ajeer-3733	46	15	consistency	consistency	NOUN
ajeer-3733	46	16	despite	despite	SCONJ
ajeer-3733	46	17	a	a	DET
ajeer-3733	46	18	lack	lack	NOUN
ajeer-3733	46	19	of	of	ADP
ajeer-3733	46	20	solid	solid	ADJ
ajeer-3733	46	21	structure	structure	NOUN
ajeer-3733	46	22	.	.	PUNCT
ajeer-3733	47	1	a	a	DET
ajeer-3733	47	2	parsimonious	parsimonious	ADJ
ajeer-3733	47	3	model	model	NOUN
ajeer-3733	47	4	that	that	PRON
ajeer-3733	47	5	can	can	AUX
ajeer-3733	47	6	be	be	AUX
ajeer-3733	47	7	scaled	scale	VERB
ajeer-3733	47	8	up	up	ADP
ajeer-3733	47	9	could	could	AUX
ajeer-3733	47	10	become	become	VERB
ajeer-3733	47	11	the	the	DET
ajeer-3733	47	12	mainstay	mainstay	NOUN
ajeer-3733	47	13	of	of	ADP
ajeer-3733	47	14	a	a	DET
ajeer-3733	47	15	standard	standard	ADJ
ajeer-3733	47	16	analysis	analysis	NOUN
ajeer-3733	47	17	toolkit	toolkit	NOUN
ajeer-3733	47	18	.	.	PUNCT
ajeer-3733	48	1	the	the	DET
ajeer-3733	48	2	goal	goal	NOUN
ajeer-3733	48	3	of	of	ADP
ajeer-3733	48	4	this	this	DET
ajeer-3733	48	5	paper	paper	NOUN
ajeer-3733	48	6	is	be	AUX
ajeer-3733	48	7	to	to	PART
ajeer-3733	48	8	first	first	ADV
ajeer-3733	48	9	define	define	VERB
ajeer-3733	48	10	and	and	CCONJ
ajeer-3733	48	11	then	then	ADV
ajeer-3733	48	12	test	test	VERB
ajeer-3733	48	13	such	such	DET
ajeer-3733	48	14	a	a	DET
ajeer-3733	48	15	minimalist	minimalist	ADJ
ajeer-3733	48	16	approach	approach	NOUN
ajeer-3733	48	17	.	.	PUNCT
ajeer-3733	49	1	to	to	PART
ajeer-3733	49	2	be	be	AUX
ajeer-3733	49	3	applicable	applicable	ADJ
ajeer-3733	49	4	,	,	PUNCT
ajeer-3733	49	5	a	a	DET
ajeer-3733	49	6	policy	policy	NOUN
ajeer-3733	49	7	-	-	PUNCT
ajeer-3733	49	8	oriented	orient	VERB
ajeer-3733	49	9	macroeconomic	macroeconomic	ADJ
ajeer-3733	49	10	model	model	NOUN
ajeer-3733	49	11	must	must	AUX
ajeer-3733	49	12	satisfy	satisfy	VERB
ajeer-3733	49	13	two	two	NUM
ajeer-3733	49	14	conditions	condition	NOUN
ajeer-3733	49	15	:	:	PUNCT
ajeer-3733	49	16	(	(	PUNCT
ajeer-3733	49	17	1	1	X
ajeer-3733	49	18	)	)	PUNCT
ajeer-3733	49	19	it	it	PRON
ajeer-3733	49	20	must	must	AUX
ajeer-3733	49	21	take	take	VERB
ajeer-3733	49	22	into	into	ADP
ajeer-3733	49	23	account	account	NOUN
ajeer-3733	49	24	generally	generally	ADV
ajeer-3733	49	25	accepted	accept	VERB
ajeer-3733	49	26	fiscal	fiscal	ADJ
ajeer-3733	49	27	and	and	CCONJ
ajeer-3733	49	28	monetary	monetary	ADJ
ajeer-3733	49	29	transmission	transmission	NOUN
ajeer-3733	49	30	channels	channel	NOUN
ajeer-3733	49	31	,	,	PUNCT
ajeer-3733	49	32	and	and	CCONJ
ajeer-3733	49	33	(	(	PUNCT
ajeer-3733	49	34	2	2	X
ajeer-3733	49	35	)	)	PUNCT
ajeer-3733	49	36	it	it	PRON
ajeer-3733	49	37	should	should	AUX
ajeer-3733	49	38	be	be	AUX
ajeer-3733	49	39	parsimonious	parsimonious	ADJ
ajeer-3733	49	40	so	so	SCONJ
ajeer-3733	49	41	that	that	SCONJ
ajeer-3733	49	42	it	it	PRON
ajeer-3733	49	43	is	be	AUX
ajeer-3733	49	44	usable	usable	ADJ
ajeer-3733	49	45	in	in	ADP
ajeer-3733	49	46	countries	country	NOUN
ajeer-3733	49	47	with	with	ADP
ajeer-3733	49	48	low	low	ADJ
ajeer-3733	49	49	-	-	PUNCT
ajeer-3733	49	50	frequency	frequency	NOUN
ajeer-3733	49	51	data	datum	NOUN
ajeer-3733	49	52	and	and	CCONJ
ajeer-3733	49	53	without	without	ADP
ajeer-3733	49	54	a	a	DET
ajeer-3733	49	55	tradition	tradition	NOUN
ajeer-3733	49	56	of	of	ADP
ajeer-3733	49	57	model	model	NOUN
ajeer-3733	49	58	-	-	PUNCT
ajeer-3733	49	59	based	base	VERB
ajeer-3733	49	60	policy	policy	NOUN
ajeer-3733	49	61	analysis	analysis	NOUN
ajeer-3733	49	62	.	.	PUNCT
ajeer-3733	50	1	indeed	indeed	ADV
ajeer-3733	50	2	,	,	PUNCT
ajeer-3733	50	3	our	our	PRON
ajeer-3733	50	4	target	target	NOUN
ajeer-3733	50	5	audience	audience	NOUN
ajeer-3733	50	6	is	be	AUX
ajeer-3733	50	7	a	a	DET
ajeer-3733	50	8	country	country	NOUN
ajeer-3733	50	9	that	that	PRON
ajeer-3733	50	10	does	do	AUX
ajeer-3733	50	11	not	not	PART
ajeer-3733	50	12	have	have	VERB
ajeer-3733	50	13	sophisticated	sophisticated	ADJ
ajeer-3733	50	14	models	model	NOUN
ajeer-3733	50	15	to	to	PART
ajeer-3733	50	16	support	support	VERB
ajeer-3733	50	17	macroeconomic	macroeconomic	ADJ
ajeer-3733	50	18	decision	decision	NOUN
ajeer-3733	50	19	-	-	PUNCT
ajeer-3733	50	20	making	making	NOUN
ajeer-3733	50	21	at	at	ADP
ajeer-3733	50	22	its	its	PRON
ajeer-3733	50	23	disposal	disposal	NOUN
ajeer-3733	50	24	.	.	PUNCT
ajeer-3733	51	1	cambodia	cambodia	PROPN
ajeer-3733	51	2	is	be	AUX
ajeer-3733	51	3	a	a	DET
ajeer-3733	51	4	fast	fast	ADV
ajeer-3733	51	5	-	-	PUNCT
ajeer-3733	51	6	growing	grow	VERB
ajeer-3733	51	7	,	,	PUNCT
ajeer-3733	51	8	lower	lower	ADV
ajeer-3733	51	9	-	-	PUNCT
ajeer-3733	51	10	middle	middle	ADJ
ajeer-3733	51	11	-	-	PUNCT
ajeer-3733	51	12	income	income	NOUN
ajeer-3733	51	13	,	,	PUNCT
ajeer-3733	51	14	open	open	ADJ
ajeer-3733	51	15	economy	economy	NOUN
ajeer-3733	51	16	.	.	PUNCT
ajeer-3733	52	1	because	because	SCONJ
ajeer-3733	52	2	it	it	PRON
ajeer-3733	52	3	is	be	AUX
ajeer-3733	52	4	vulnerable	vulnerable	ADJ
ajeer-3733	52	5	to	to	ADP
ajeer-3733	52	6	adverse	adverse	ADJ
ajeer-3733	52	7	external	external	ADJ
ajeer-3733	52	8	shocks	shock	NOUN
ajeer-3733	52	9	,	,	PUNCT
ajeer-3733	52	10	its	its	PRON
ajeer-3733	52	11	policymakers	policymaker	NOUN
ajeer-3733	52	12	seek	seek	VERB
ajeer-3733	52	13	to	to	PART
ajeer-3733	52	14	understand	understand	VERB
ajeer-3733	52	15	how	how	SCONJ
ajeer-3733	52	16	such	such	ADJ
ajeer-3733	52	17	shocks	shock	NOUN
ajeer-3733	52	18	are	be	AUX
ajeer-3733	52	19	propagated	propagate	VERB
ajeer-3733	52	20	,	,	PUNCT
ajeer-3733	52	21	their	their	PRON
ajeer-3733	52	22	mediumand	mediumand	NOUN
ajeer-3733	52	23	long	long	ADJ
ajeer-3733	52	24	-	-	PUNCT
ajeer-3733	52	25	term	term	NOUN
ajeer-3733	52	26	impacts	impact	NOUN
ajeer-3733	52	27	on	on	ADP
ajeer-3733	52	28	cambodia	cambodia	PROPN
ajeer-3733	52	29	’s	’s	PART
ajeer-3733	52	30	economy	economy	NOUN
ajeer-3733	52	31	,	,	PUNCT
ajeer-3733	52	32	and	and	CCONJ
ajeer-3733	52	33	the	the	DET
ajeer-3733	52	34	likely	likely	ADJ
ajeer-3733	52	35	effects	effect	NOUN
ajeer-3733	52	36	of	of	ADP
ajeer-3733	52	37	different	different	ADJ
ajeer-3733	52	38	domestic	domestic	ADJ
ajeer-3733	52	39	policy	policy	NOUN
ajeer-3733	52	40	responses	response	NOUN
ajeer-3733	52	41	to	to	ADP
ajeer-3733	52	42	these	these	DET
ajeer-3733	52	43	shocks	shock	NOUN
ajeer-3733	52	44	.	.	PUNCT
ajeer-3733	53	1	to	to	PART
ajeer-3733	53	2	serve	serve	VERB
ajeer-3733	53	3	as	as	ADP
ajeer-3733	53	4	a	a	DET
ajeer-3733	53	5	tool	tool	NOUN
ajeer-3733	53	6	for	for	ADP
ajeer-3733	53	7	scenario	scenario	NOUN
ajeer-3733	53	8	analysis	analysis	NOUN
ajeer-3733	53	9	,	,	PUNCT
ajeer-3733	53	10	we	we	PRON
ajeer-3733	53	11	develop	develop	VERB
ajeer-3733	53	12	and	and	CCONJ
ajeer-3733	53	13	calibrate	calibrate	VERB
ajeer-3733	53	14	a	a	DET
ajeer-3733	53	15	simple	simple	ADJ
ajeer-3733	53	16	,	,	PUNCT
ajeer-3733	53	17	macro	macro	ADJ
ajeer-3733	53	18	-	-	ADJ
ajeer-3733	53	19	fiscal	fiscal	ADJ
ajeer-3733	53	20	,	,	PUNCT
ajeer-3733	53	21	semi	semi	ADJ
ajeer-3733	53	22	-	-	ADJ
ajeer-3733	53	23	structural	structural	ADJ
ajeer-3733	53	24	model	model	NOUN
ajeer-3733	53	25	that	that	PRON
ajeer-3733	53	26	captures	capture	NOUN
ajeer-3733	53	27	stylized	stylize	VERB
ajeer-3733	53	28	facts	fact	NOUN
ajeer-3733	53	29	about	about	ADP
ajeer-3733	53	30	cambodia	cambodia	PROPN
ajeer-3733	53	31	’s	’s	PART
ajeer-3733	53	32	economy	economy	NOUN
ajeer-3733	53	33	.	.	PUNCT
ajeer-3733	54	1	we	we	PRON
ajeer-3733	54	2	call	call	VERB
ajeer-3733	54	3	it	it	PRON
ajeer-3733	54	4	the	the	DET
ajeer-3733	54	5	cambodia	cambodia	PROPN
ajeer-3733	54	6	macro	macro	ADJ
ajeer-3733	54	7	-	-	ADJ
ajeer-3733	54	8	fiscal	fiscal	ADJ
ajeer-3733	54	9	model	model	NOUN
ajeer-3733	54	10	(	(	PUNCT
ajeer-3733	54	11	camfi	camfi	PROPN
ajeer-3733	54	12	)	)	PUNCT
ajeer-3733	54	13	.	.	PUNCT
ajeer-3733	55	1	the	the	DET
ajeer-3733	55	2	key	key	ADJ
ajeer-3733	55	3	benefit	benefit	NOUN
ajeer-3733	55	4	of	of	ADP
ajeer-3733	55	5	our	our	PRON
ajeer-3733	55	6	approach	approach	NOUN
ajeer-3733	55	7	is	be	AUX
ajeer-3733	55	8	that	that	SCONJ
ajeer-3733	55	9	it	it	PRON
ajeer-3733	55	10	strictly	strictly	ADV
ajeer-3733	55	11	limits	limit	VERB
ajeer-3733	55	12	the	the	DET
ajeer-3733	55	13	number	number	NOUN
ajeer-3733	55	14	of	of	ADP
ajeer-3733	55	15	macroeconomically	macroeconomically	ADV
ajeer-3733	55	16	relevant	relevant	ADJ
ajeer-3733	55	17	variables	variable	NOUN
ajeer-3733	55	18	while	while	SCONJ
ajeer-3733	55	19	maintaining	maintain	VERB
ajeer-3733	55	20	theoretical	theoretical	ADJ
ajeer-3733	55	21	consistency	consistency	NOUN
ajeer-3733	55	22	.	.	PUNCT
ajeer-3733	56	1	for	for	ADP
ajeer-3733	56	2	the	the	DET
ajeer-3733	56	3	sake	sake	NOUN
ajeer-3733	56	4	of	of	ADP
ajeer-3733	56	5	parsimony	parsimony	NOUN
ajeer-3733	56	6	,	,	PUNCT
ajeer-3733	56	7	we	we	PRON
ajeer-3733	56	8	drop	drop	VERB
ajeer-3733	56	9	sectors	sector	NOUN
ajeer-3733	56	10	and	and	CCONJ
ajeer-3733	56	11	variables	variable	NOUN
ajeer-3733	56	12	that	that	PRON
ajeer-3733	56	13	are	be	AUX
ajeer-3733	56	14	less	less	ADV
ajeer-3733	56	15	relevant	relevant	ADJ
ajeer-3733	56	16	to	to	ADP
ajeer-3733	56	17	the	the	DET
ajeer-3733	56	18	specific	specific	ADJ
ajeer-3733	56	19	analysis	analysis	NOUN
ajeer-3733	56	20	or	or	CCONJ
ajeer-3733	56	21	that	that	PRON
ajeer-3733	56	22	can	can	AUX
ajeer-3733	56	23	not	not	PART
ajeer-3733	56	24	be	be	AUX
ajeer-3733	56	25	easily	easily	ADV
ajeer-3733	56	26	modeled	model	VERB
ajeer-3733	56	27	for	for	ADP
ajeer-3733	56	28	cambodia	cambodia	PROPN
ajeer-3733	56	29	.	.	PUNCT
ajeer-3733	57	1	for	for	ADP
ajeer-3733	57	2	example	example	NOUN
ajeer-3733	57	3	,	,	PUNCT
ajeer-3733	57	4	in	in	ADP
ajeer-3733	57	5	cambodia	cambodia	PROPN
ajeer-3733	57	6	,	,	PUNCT
ajeer-3733	57	7	policy	policy	NOUN
ajeer-3733	57	8	analysis	analysis	NOUN
ajeer-3733	57	9	focuses	focus	VERB
ajeer-3733	57	10	on	on	ADP
ajeer-3733	57	11	domestic	domestic	ADJ
ajeer-3733	57	12	developments	development	NOUN
ajeer-3733	57	13	,	,	PUNCT
ajeer-3733	57	14	but	but	CCONJ
ajeer-3733	57	15	because	because	SCONJ
ajeer-3733	57	16	the	the	DET
ajeer-3733	57	17	current	current	ADJ
ajeer-3733	57	18	account	account	NOUN
ajeer-3733	57	19	deficit	deficit	NOUN
ajeer-3733	57	20	is	be	AUX
ajeer-3733	57	21	financed	finance	VERB
ajeer-3733	57	22	entirely	entirely	ADV
ajeer-3733	57	23	by	by	ADP
ajeer-3733	57	24	sustainable	sustainable	ADJ
ajeer-3733	57	25	foreign	foreign	ADJ
ajeer-3733	57	26	direct	direct	ADJ
ajeer-3733	57	27	investment	investment	NOUN
ajeer-3733	57	28	(	(	PUNCT
ajeer-3733	57	29	fdi	fdi	NOUN
ajeer-3733	57	30	)	)	PUNCT
ajeer-3733	57	31	inflows	inflow	NOUN
ajeer-3733	57	32	,	,	PUNCT
ajeer-3733	57	33	there	there	PRON
ajeer-3733	57	34	is	be	VERB
ajeer-3733	57	35	little	little	ADJ
ajeer-3733	57	36	benefit	benefit	NOUN
ajeer-3733	57	37	in	in	ADP
ajeer-3733	57	38	modeling	model	VERB
ajeer-3733	57	39	components	component	NOUN
ajeer-3733	57	40	of	of	ADP
ajeer-3733	57	41	the	the	DET
ajeer-3733	57	42	trade	trade	NOUN
ajeer-3733	57	43	or	or	CCONJ
ajeer-3733	57	44	financial	financial	ADJ
ajeer-3733	57	45	balance	balance	NOUN
ajeer-3733	57	46	.	.	PUNCT
ajeer-3733	58	1	similarly	similarly	ADV
ajeer-3733	58	2	,	,	PUNCT
ajeer-3733	58	3	because	because	SCONJ
ajeer-3733	58	4	the	the	DET
ajeer-3733	58	5	supply	supply	NOUN
ajeer-3733	58	6	side	side	NOUN
ajeer-3733	58	7	of	of	ADP
ajeer-3733	58	8	the	the	DET
ajeer-3733	58	9	semi	semi	ADJ
ajeer-3733	58	10	-	-	ADJ
ajeer-3733	58	11	structural	structural	ADJ
ajeer-3733	58	12	models	model	NOUN
ajeer-3733	58	13	is	be	AUX
ajeer-3733	58	14	largely	largely	ADV
ajeer-3733	58	15	exogenous	exogenous	ADJ
ajeer-3733	58	16	,	,	PUNCT
ajeer-3733	58	17	there	there	PRON
ajeer-3733	58	18	is	be	VERB
ajeer-3733	58	19	little	little	ADJ
ajeer-3733	58	20	to	to	PART
ajeer-3733	58	21	gain	gain	VERB
ajeer-3733	58	22	from	from	ADP
ajeer-3733	58	23	modeling	model	VERB
ajeer-3733	58	24	revenue	revenue	NOUN
ajeer-3733	58	25	and	and	CCONJ
ajeer-3733	58	26	expenditure	expenditure	NOUN
ajeer-3733	58	27	components	component	NOUN
ajeer-3733	58	28	—	—	PUNCT
ajeer-3733	58	29	imposing	impose	VERB
ajeer-3733	58	30	revenueand	revenueand	NOUN
ajeer-3733	58	31	expenditure	expenditure	NOUN
ajeer-3733	58	32	-	-	PUNCT
ajeer-3733	58	33	specific	specific	ADJ
ajeer-3733	58	34	multipliers	multiplier	NOUN
ajeer-3733	58	35	would	would	AUX
ajeer-3733	58	36	be	be	AUX
ajeer-3733	58	37	superficial	superficial	ADJ
ajeer-3733	58	38	.	.	PUNCT
ajeer-3733	59	1	therefore	therefore	ADV
ajeer-3733	59	2	,	,	PUNCT
ajeer-3733	59	3	in	in	ADP
ajeer-3733	59	4	our	our	PRON
ajeer-3733	59	5	model	model	NOUN
ajeer-3733	59	6	,	,	PUNCT
ajeer-3733	59	7	the	the	DET
ajeer-3733	59	8	fiscal	fiscal	ADJ
ajeer-3733	59	9	authority	authority	NOUN
ajeer-3733	59	10	chooses	choose	VERB
ajeer-3733	59	11	a	a	DET
ajeer-3733	59	12	single	single	ADJ
ajeer-3733	59	13	policy	policy	NOUN
ajeer-3733	59	14	variable	variable	NOUN
ajeer-3733	59	15	:	:	PUNCT
ajeer-3733	59	16	the	the	DET
ajeer-3733	59	17	cyclically	cyclically	ADV
ajeer-3733	59	18	-	-	PUNCT
ajeer-3733	59	19	adjusted	adjust	VERB
ajeer-3733	59	20	primary	primary	ADJ
ajeer-3733	59	21	balance	balance	NOUN
ajeer-3733	59	22	.	.	PUNCT
ajeer-3733	60	1	we	we	PRON
ajeer-3733	60	2	recognize	recognize	VERB
ajeer-3733	60	3	that	that	SCONJ
ajeer-3733	60	4	by	by	ADP
ajeer-3733	60	5	simplifying	simplify	VERB
ajeer-3733	60	6	the	the	DET
ajeer-3733	60	7	external	external	ADJ
ajeer-3733	60	8	sector	sector	NOUN
ajeer-3733	60	9	into	into	ADP
ajeer-3733	60	10	a	a	DET
ajeer-3733	60	11	risk	risk	NOUN
ajeer-3733	60	12	premium	premium	NOUN
ajeer-3733	60	13	variable	variable	NOUN
ajeer-3733	60	14	or	or	CCONJ
ajeer-3733	60	15	aggregating	aggregate	VERB
ajeer-3733	60	16	all	all	DET
ajeer-3733	60	17	fiscal	fiscal	ADJ
ajeer-3733	60	18	operations	operation	NOUN
ajeer-3733	60	19	into	into	ADP
ajeer-3733	60	20	the	the	DET
ajeer-3733	60	21	primary	primary	ADJ
ajeer-3733	60	22	balance	balance	NOUN
ajeer-3733	60	23	variable	variable	NOUN
ajeer-3733	60	24	we	we	PRON
ajeer-3733	60	25	are	be	AUX
ajeer-3733	60	26	foregoing	forego	VERB
ajeer-3733	60	27	the	the	DET
ajeer-3733	60	28	possibility	possibility	NOUN
ajeer-3733	60	29	of	of	ADP
ajeer-3733	60	30	a	a	DET
ajeer-3733	60	31	more	more	ADV
ajeer-3733	60	32	granular	granular	ADJ
ajeer-3733	60	33	analysis	analysis	NOUN
ajeer-3733	60	34	.	.	PUNCT
ajeer-3733	61	1	should	should	AUX
ajeer-3733	61	2	the	the	DET
ajeer-3733	61	3	simulation	simulation	NOUN
ajeer-3733	61	4	tasks	task	NOUN
ajeer-3733	61	5	change	change	VERB
ajeer-3733	61	6	or	or	CCONJ
ajeer-3733	61	7	different	different	ADJ
ajeer-3733	61	8	sectors	sector	NOUN
ajeer-3733	61	9	and	and	CCONJ
ajeer-3733	61	10	components	component	NOUN
ajeer-3733	61	11	gain	gain	VERB
ajeer-3733	61	12	prominence	prominence	NOUN
ajeer-3733	61	13	,	,	PUNCT
ajeer-3733	61	14	the	the	DET
ajeer-3733	61	15	model	model	NOUN
ajeer-3733	61	16	would	would	AUX
ajeer-3733	61	17	need	need	VERB
ajeer-3733	61	18	to	to	PART
ajeer-3733	61	19	be	be	AUX
ajeer-3733	61	20	either	either	CCONJ
ajeer-3733	61	21	extended	extend	VERB
ajeer-3733	61	22	to	to	PART
ajeer-3733	61	23	account	account	VERB
ajeer-3733	61	24	for	for	ADP
ajeer-3733	61	25	such	such	ADJ
ajeer-3733	61	26	new	new	ADJ
ajeer-3733	61	27	factors	factor	NOUN
ajeer-3733	61	28	or	or	CCONJ
ajeer-3733	61	29	supplemented	supplement	VERB
ajeer-3733	61	30	by	by	ADP
ajeer-3733	61	31	satellite	satellite	NOUN
ajeer-3733	61	32	models	model	NOUN
ajeer-3733	61	33	.	.	PUNCT
ajeer-3733	62	1	we	we	PRON
ajeer-3733	62	2	remain	remain	VERB
ajeer-3733	62	3	mindful	mindful	ADJ
ajeer-3733	62	4	,	,	PUNCT
ajeer-3733	62	5	however	however	ADV
ajeer-3733	62	6	,	,	PUNCT
ajeer-3733	62	7	of	of	ADP
ajeer-3733	62	8	the	the	DET
ajeer-3733	62	9	cost	cost	NOUN
ajeer-3733	62	10	of	of	ADP
ajeer-3733	62	11	expansion	expansion	NOUN
ajeer-3733	62	12	—	—	PUNCT
ajeer-3733	62	13	the	the	DET
ajeer-3733	62	14	comparative	comparative	ADJ
ajeer-3733	62	15	simplicity	simplicity	NOUN
ajeer-3733	62	16	of	of	ADP
ajeer-3733	62	17	this	this	DET
ajeer-3733	62	18	model	model	NOUN
ajeer-3733	62	19	allows	allow	VERB
ajeer-3733	62	20	much	much	ADV
ajeer-3733	62	21	simpler	simple	ADJ
ajeer-3733	62	22	data	datum	NOUN
ajeer-3733	62	23	updates	update	NOUN
ajeer-3733	62	24	than	than	ADP
ajeer-3733	62	25	traditional	traditional	ADJ
ajeer-3733	62	26	frameworks	framework	NOUN
ajeer-3733	62	27	with	with	ADP
ajeer-3733	62	28	many	many	ADJ
ajeer-3733	62	29	variables	variable	NOUN
ajeer-3733	62	30	.	.	PUNCT
ajeer-3733	63	1	we	we	PRON
ajeer-3733	63	2	calibrate	calibrate	VERB
ajeer-3733	63	3	the	the	DET
ajeer-3733	63	4	model	model	NOUN
ajeer-3733	63	5	,	,	PUNCT
ajeer-3733	63	6	apply	apply	VERB
ajeer-3733	63	7	it	it	PRON
ajeer-3733	63	8	to	to	ADP
ajeer-3733	63	9	the	the	DET
ajeer-3733	63	10	cambodian	cambodian	ADJ
ajeer-3733	63	11	data	data	PROPN
ajeer-3733	63	12	,	,	PUNCT
ajeer-3733	63	13	and	and	CCONJ
ajeer-3733	63	14	then	then	ADV
ajeer-3733	63	15	illustrate	illustrate	VERB
ajeer-3733	63	16	how	how	SCONJ
ajeer-3733	63	17	it	it	PRON
ajeer-3733	63	18	works	work	VERB
ajeer-3733	63	19	in	in	ADP
ajeer-3733	63	20	several	several	ADJ
ajeer-3733	63	21	applications	application	NOUN
ajeer-3733	63	22	:	:	PUNCT
ajeer-3733	63	23	impulse	impulse	ADJ
ajeer-3733	63	24	response	response	NOUN
ajeer-3733	63	25	functions	function	NOUN
ajeer-3733	63	26	,	,	PUNCT
ajeer-3733	63	27	a	a	DET
ajeer-3733	63	28	multivariate	multivariate	NOUN
ajeer-3733	63	29	filtration	filtration	NOUN
ajeer-3733	63	30	to	to	PART
ajeer-3733	63	31	obtain	obtain	VERB
ajeer-3733	63	32	important	important	ADJ
ajeer-3733	63	33	unobserved	unobserved	ADJ
ajeer-3733	63	34	variables	variable	NOUN
ajeer-3733	63	35	,	,	PUNCT
ajeer-3733	63	36	a	a	DET
ajeer-3733	63	37	test	test	NOUN
ajeer-3733	63	38	of	of	ADP
ajeer-3733	63	39	the	the	DET
ajeer-3733	63	40	model	model	NOUN
ajeer-3733	63	41	’s	’s	PART
ajeer-3733	63	42	recursive	recursive	ADJ
ajeer-3733	63	43	forecasting	forecasting	NOUN
ajeer-3733	63	44	capability	capability	NOUN
ajeer-3733	63	45	,	,	PUNCT
ajeer-3733	63	46	and	and	CCONJ
ajeer-3733	63	47	the	the	DET
ajeer-3733	63	48	design	design	NOUN
ajeer-3733	63	49	of	of	ADP
ajeer-3733	63	50	an	an	DET
ajeer-3733	63	51	exercise	exercise	NOUN
ajeer-3733	63	52	to	to	PART
ajeer-3733	63	53	simulate	simulate	VERB
ajeer-3733	63	54	the	the	DET
ajeer-3733	63	55	medium	medium	ADJ
ajeer-3733	63	56	-	-	PUNCT
ajeer-3733	63	57	term	term	NOUN
ajeer-3733	63	58	economic	economic	ADJ
ajeer-3733	63	59	impact	impact	NOUN
ajeer-3733	63	60	of	of	ADP
ajeer-3733	63	61	covid19	covid19	NOUN
ajeer-3733	63	62	shock	shock	NOUN
ajeer-3733	63	63	.	.	PUNCT
ajeer-3733	64	1	the	the	DET
ajeer-3733	64	2	camfi	camfi	NOUN
ajeer-3733	64	3	results	result	NOUN
ajeer-3733	64	4	conform	conform	VERB
ajeer-3733	64	5	with	with	ADP
ajeer-3733	64	6	past	past	ADJ
ajeer-3733	64	7	empirical	empirical	ADJ
ajeer-3733	64	8	analyses	analysis	NOUN
ajeer-3733	64	9	of	of	ADP
ajeer-3733	64	10	the	the	DET
ajeer-3733	64	11	cambodian	cambodian	ADJ
ajeer-3733	64	12	economy	economy	NOUN
ajeer-3733	64	13	and	and	CCONJ
ajeer-3733	64	14	stylized	stylize	VERB
ajeer-3733	64	15	facts	fact	NOUN
ajeer-3733	64	16	,	,	PUNCT
ajeer-3733	64	17	as	as	ADV
ajeer-3733	64	18	well	well	ADV
ajeer-3733	64	19	as	as	ADP
ajeer-3733	64	20	generating	generate	VERB
ajeer-3733	64	21	intuitive	intuitive	ADJ
ajeer-3733	64	22	and	and	CCONJ
ajeer-3733	64	23	easy	easy	ADJ
ajeer-3733	64	24	-	-	PUNCT
ajeer-3733	64	25	to	to	PART
ajeer-3733	64	26	-	-	PUNCT
ajeer-3733	64	27	understand	understand	VERB
ajeer-3733	64	28	policy	policy	NOUN
ajeer-3733	64	29	scenarios	scenario	NOUN
ajeer-3733	64	30	.	.	PUNCT
ajeer-3733	65	1	the	the	DET
ajeer-3733	65	2	rest	rest	NOUN
ajeer-3733	65	3	of	of	ADP
ajeer-3733	65	4	the	the	DET
ajeer-3733	65	5	paper	paper	NOUN
ajeer-3733	65	6	is	be	AUX
ajeer-3733	65	7	organized	organize	VERB
ajeer-3733	65	8	as	as	SCONJ
ajeer-3733	65	9	follows	follow	VERB
ajeer-3733	65	10	:	:	PUNCT
ajeer-3733	65	11	section	section	PROPN
ajeer-3733	65	12	ii	ii	PROPN
ajeer-3733	65	13	describes	describe	VERB
ajeer-3733	65	14	the	the	DET
ajeer-3733	65	15	semi	semi	ADJ
ajeer-3733	65	16	-	-	ADJ
ajeer-3733	65	17	structural	structural	ADJ
ajeer-3733	65	18	model	model	NOUN
ajeer-3733	65	19	,	,	PUNCT
ajeer-3733	65	20	with	with	ADP
ajeer-3733	65	21	a	a	DET
ajeer-3733	65	22	fiscal	fiscal	ADJ
ajeer-3733	65	23	extension	extension	NOUN
ajeer-3733	65	24	.	.	PUNCT
ajeer-3733	66	1	section	section	NOUN
ajeer-3733	66	2	iii	iii	PROPN
ajeer-3733	66	3	briefly	briefly	NOUN
ajeer-3733	66	4	discusses	discuss	VERB
ajeer-3733	66	5	recent	recent	ADJ
ajeer-3733	66	6	developments	development	NOUN
ajeer-3733	66	7	in	in	ADP
ajeer-3733	66	8	cambodia	cambodia	PROPN
ajeer-3733	66	9	and	and	CCONJ
ajeer-3733	66	10	their	their	PRON
ajeer-3733	66	11	implications	implication	NOUN
ajeer-3733	66	12	for	for	ADP
ajeer-3733	66	13	the	the	DET
ajeer-3733	66	14	calibration	calibration	NOUN
ajeer-3733	66	15	of	of	ADP
ajeer-3733	66	16	the	the	DET
ajeer-3733	66	17	model	model	NOUN
ajeer-3733	66	18	.	.	PUNCT
ajeer-3733	67	1	section	section	NOUN
ajeer-3733	67	2	iv	iv	NUM
ajeer-3733	67	3	illustrates	illustrate	VERB
ajeer-3733	67	4	applications	application	NOUN
ajeer-3733	67	5	of	of	ADP
ajeer-3733	67	6	the	the	DET
ajeer-3733	67	7	camfi	camfi	NOUN
ajeer-3733	67	8	model	model	NOUN
ajeer-3733	67	9	in	in	ADP
ajeer-3733	67	10	assessing	assess	VERB
ajeer-3733	67	11	the	the	DET
ajeer-3733	67	12	economic	economic	ADJ
ajeer-3733	67	13	impact	impact	NOUN
ajeer-3733	67	14	of	of	ADP
ajeer-3733	67	15	covid-19	covid-19	PROPN
ajeer-3733	67	16	in	in	ADP
ajeer-3733	67	17	cambodia	cambodia	PROPN
ajeer-3733	67	18	.	.	PUNCT
ajeer-3733	68	1	section	section	NOUN
ajeer-3733	68	2	v	v	NOUN
ajeer-3733	68	3	discusses	discuss	VERB
ajeer-3733	68	4	caveats	caveat	NOUN
ajeer-3733	68	5	and	and	CCONJ
ajeer-3733	68	6	the	the	DET
ajeer-3733	68	7	potential	potential	ADJ
ajeer-3733	68	8	extension	extension	NOUN
ajeer-3733	68	9	of	of	ADP
ajeer-3733	68	10	the	the	DET
ajeer-3733	68	11	model	model	NOUN
ajeer-3733	68	12	.	.	PUNCT
ajeer-3733	69	1	section	section	NOUN
ajeer-3733	69	2	vi	vi	PROPN
ajeer-3733	69	3	concludes	conclude	VERB
ajeer-3733	69	4	.	.	PUNCT
ajeer-3733	70	1	2	2	X
ajeer-3733	70	2	.	.	X
ajeer-3733	70	3	the	the	DET
ajeer-3733	70	4	macro	macro	ADJ
ajeer-3733	70	5	-	-	ADJ
ajeer-3733	70	6	fiscal	fiscal	ADJ
ajeer-3733	70	7	model	model	NOUN
ajeer-3733	70	8	the	the	DET
ajeer-3733	70	9	semi	semi	ADJ
ajeer-3733	70	10	-	-	ADJ
ajeer-3733	70	11	structural	structural	ADJ
ajeer-3733	70	12	model	model	NOUN
ajeer-3733	70	13	we	we	PRON
ajeer-3733	70	14	present	present	VERB
ajeer-3733	70	15	here	here	ADV
ajeer-3733	70	16	is	be	AUX
ajeer-3733	70	17	similar	similar	ADJ
ajeer-3733	70	18	to	to	ADP
ajeer-3733	70	19	those	those	DET
ajeer-3733	70	20	many	many	ADJ
ajeer-3733	70	21	central	central	ADJ
ajeer-3733	70	22	banks	bank	NOUN
ajeer-3733	70	23	use	use	VERB
ajeer-3733	70	24	for	for	ADP
ajeer-3733	70	25	policy	policy	NOUN
ajeer-3733	70	26	analysis	analysis	NOUN
ajeer-3733	70	27	;	;	PUNCT
ajeer-3733	70	28	it	it	PRON
ajeer-3733	70	29	generally	generally	ADV
ajeer-3733	70	30	corresponds	correspond	VERB
ajeer-3733	70	31	to	to	ADP
ajeer-3733	70	32	what	what	PRON
ajeer-3733	70	33	fukac	fukac	NOUN
ajeer-3733	70	34	and	and	CCONJ
ajeer-3733	70	35	pagan	pagan	ADJ
ajeer-3733	70	36	(	(	PUNCT
ajeer-3733	70	37	2010	2010	NUM
ajeer-3733	70	38	)	)	PUNCT
ajeer-3733	70	39	called	call	VERB
ajeer-3733	70	40	the	the	DET
ajeer-3733	70	41	3rd	3rd	ADJ
ajeer-3733	70	42	generation	generation	NOUN
ajeer-3733	70	43	(	(	PUNCT
ajeer-3733	70	44	3	3	NUM
ajeer-3733	70	45	g	g	NOUN
ajeer-3733	70	46	)	)	PUNCT
ajeer-3733	70	47	of	of	ADP
ajeer-3733	70	48	policy	policy	NOUN
ajeer-3733	70	49	models	model	NOUN
ajeer-3733	70	50	.	.	PUNCT
ajeer-3733	71	1	a	a	DET
ajeer-3733	71	2	steadystate	steadystate	ADJ
ajeer-3733	71	3	model	model	NOUN
ajeer-3733	71	4	is	be	AUX
ajeer-3733	71	5	at	at	ADP
ajeer-3733	71	6	the	the	DET
ajeer-3733	71	7	core	core	NOUN
ajeer-3733	71	8	of	of	ADP
ajeer-3733	71	9	3	3	NUM
ajeer-3733	71	10	g	g	NOUN
ajeer-3733	71	11	frameworks	framework	NOUN
ajeer-3733	71	12	:	:	PUNCT
ajeer-3733	71	13	the	the	DET
ajeer-3733	71	14	dynamics	dynamic	NOUN
ajeer-3733	71	15	embedded	embed	VERB
ajeer-3733	71	16	in	in	ADP
ajeer-3733	71	17	the	the	DET
ajeer-3733	71	18	model	model	NOUN
ajeer-3733	71	19	describe	describe	VERB
ajeer-3733	71	20	the	the	DET
ajeer-3733	71	21	transition	transition	NOUN
ajeer-3733	71	22	from	from	ADP
ajeer-3733	71	23	one	one	NUM
ajeer-3733	71	24	steady	steady	ADJ
ajeer-3733	71	25	state	state	NOUN
ajeer-3733	71	26	to	to	ADP
ajeer-3733	71	27	another	another	PRON
ajeer-3733	71	28	,	,	PUNCT
ajeer-3733	71	29	so	so	SCONJ
ajeer-3733	71	30	that	that	SCONJ
ajeer-3733	71	31	solving	solve	VERB
ajeer-3733	71	32	the	the	DET
ajeer-3733	71	33	model	model	NOUN
ajeer-3733	71	34	produces	produce	VERB
ajeer-3733	71	35	a	a	DET
ajeer-3733	71	36	transitional	transitional	ADJ
ajeer-3733	71	37	steady	steady	ADJ
ajeer-3733	71	38	-	-	PUNCT
ajeer-3733	71	39	state	state	NOUN
ajeer-3733	71	40	solution	solution	NOUN
ajeer-3733	71	41	for	for	ADP
ajeer-3733	71	42	its	its	PRON
ajeer-3733	71	43	variables	variable	NOUN
ajeer-3733	71	44	—	—	PUNCT
ajeer-3733	71	45	they	they	PRON
ajeer-3733	71	46	will	will	AUX
ajeer-3733	71	47	vary	vary	VERB
ajeer-3733	71	48	over	over	ADP
ajeer-3733	71	49	time	time	NOUN
ajeer-3733	71	50	because	because	SCONJ
ajeer-3733	71	51	movements	movement	NOUN
ajeer-3733	71	52	from	from	ADP
ajeer-3733	71	53	one	one	NUM
ajeer-3733	71	54	point	point	NOUN
ajeer-3733	71	55	to	to	ADP
ajeer-3733	71	56	another	another	PRON
ajeer-3733	71	57	are	be	AUX
ajeer-3733	71	58	not	not	PART
ajeer-3733	71	59	instantaneous	instantaneous	ADJ
ajeer-3733	71	60	.	.	PUNCT
ajeer-3733	72	1	in	in	ADP
ajeer-3733	72	2	addition	addition	NOUN
ajeer-3733	72	3	,	,	PUNCT
ajeer-3733	72	4	because	because	SCONJ
ajeer-3733	72	5	1	1	NUM
ajeer-3733	72	6	we	we	PRON
ajeer-3733	72	7	build	build	VERB
ajeer-3733	72	8	on	on	ADP
ajeer-3733	72	9	the	the	DET
ajeer-3733	72	10	model	model	NOUN
ajeer-3733	72	11	developed	develop	VERB
ajeer-3733	72	12	by	by	ADP
ajeer-3733	72	13	kamenik	kamenik	NOUN
ajeer-3733	72	14	,	,	PUNCT
ajeer-3733	72	15	tuma	tuma	NOUN
ajeer-3733	72	16	,	,	PUNCT
ajeer-3733	72	17	vavra	vavra	NOUN
ajeer-3733	72	18	,	,	PUNCT
ajeer-3733	72	19	and	and	CCONJ
ajeer-3733	72	20	smidova	smidova	PROPN
ajeer-3733	72	21	(	(	PUNCT
ajeer-3733	72	22	2013	2013	NUM
ajeer-3733	72	23	)	)	PUNCT
ajeer-3733	72	24	.	.	PUNCT
ajeer-3733	73	1	asian	asian	ADJ
ajeer-3733	73	2	journal	journal	PROPN
ajeer-3733	73	3	of	of	ADP
ajeer-3733	73	4	economics	economic	NOUN
ajeer-3733	73	5	and	and	CCONJ
ajeer-3733	73	6	empirical	empirical	ADJ
ajeer-3733	73	7	research	research	NOUN
ajeer-3733	73	8	,	,	PUNCT
ajeer-3733	73	9	2022	2022	NUM
ajeer-3733	73	10	,	,	PUNCT
ajeer-3733	73	11	9(1	9(1	NUM
ajeer-3733	73	12	):	):	PUNCT
ajeer-3733	73	13	21	21	NUM
ajeer-3733	73	14	-	-	SYM
ajeer-3733	73	15	37	37	NUM
ajeer-3733	73	16	23	23	NUM
ajeer-3733	73	17	©	©	PROPN
ajeer-3733	73	18	2022	2022	NUM
ajeer-3733	73	19	by	by	ADP
ajeer-3733	73	20	the	the	DET
ajeer-3733	73	21	authors	author	NOUN
ajeer-3733	73	22	;	;	PUNCT
ajeer-3733	73	23	licensee	licensee	PROPN
ajeer-3733	73	24	asian	asian	ADJ
ajeer-3733	73	25	online	online	PROPN
ajeer-3733	73	26	journal	journal	PROPN
ajeer-3733	73	27	publishing	publishing	NOUN
ajeer-3733	73	28	group	group	NOUN
ajeer-3733	73	29	some	some	DET
ajeer-3733	73	30	variables	variable	NOUN
ajeer-3733	73	31	are	be	AUX
ajeer-3733	73	32	taken	take	VERB
ajeer-3733	73	33	to	to	PART
ajeer-3733	73	34	be	be	AUX
ajeer-3733	73	35	exogenous	exogenous	ADJ
ajeer-3733	73	36	and	and	CCONJ
ajeer-3733	73	37	are	be	AUX
ajeer-3733	73	38	thus	thus	ADV
ajeer-3733	73	39	treated	treat	VERB
ajeer-3733	73	40	as	as	ADP
ajeer-3733	73	41	determined	determine	VERB
ajeer-3733	73	42	outside	outside	ADP
ajeer-3733	73	43	the	the	DET
ajeer-3733	73	44	model	model	NOUN
ajeer-3733	73	45	economy	economy	NOUN
ajeer-3733	73	46	,	,	PUNCT
ajeer-3733	73	47	they	they	PRON
ajeer-3733	73	48	need	need	AUX
ajeer-3733	73	49	not	not	PART
ajeer-3733	73	50	correspond	correspond	VERB
ajeer-3733	73	51	to	to	ADP
ajeer-3733	73	52	their	their	PRON
ajeer-3733	73	53	steady	steady	ADJ
ajeer-3733	73	54	-	-	PUNCT
ajeer-3733	73	55	state	state	NOUN
ajeer-3733	73	56	values	value	NOUN
ajeer-3733	73	57	in	in	ADP
ajeer-3733	73	58	any	any	DET
ajeer-3733	73	59	period	period	NOUN
ajeer-3733	73	60	.	.	PUNCT
ajeer-3733	74	1	as	as	SCONJ
ajeer-3733	74	2	attention	attention	NOUN
ajeer-3733	74	3	is	be	AUX
ajeer-3733	74	4	centered	center	VERB
ajeer-3733	74	5	on	on	ADP
ajeer-3733	74	6	the	the	DET
ajeer-3733	74	7	“	"	PUNCT
ajeer-3733	74	8	gap	gap	NOUN
ajeer-3733	74	9	”	"	PUNCT
ajeer-3733	74	10	between	between	ADP
ajeer-3733	74	11	the	the	DET
ajeer-3733	74	12	steadystate	steadystate	ADJ
ajeer-3733	74	13	estimate	estimate	NOUN
ajeer-3733	74	14	,	,	PUNCT
ajeer-3733	74	15	𝑧𝑡	𝑧𝑡	CCONJ
ajeer-3733	74	16	∗	∗	NOUN
ajeer-3733	74	17	,	,	PUNCT
ajeer-3733	74	18	and	and	CCONJ
ajeer-3733	74	19	the	the	DET
ajeer-3733	74	20	observed	observed	ADJ
ajeer-3733	74	21	value	value	NOUN
ajeer-3733	74	22	,	,	PUNCT
ajeer-3733	74	23	𝑧𝑡	𝑧𝑡	X
ajeer-3733	74	24	,	,	PUNCT
ajeer-3733	74	25	it	it	PRON
ajeer-3733	74	26	is	be	AUX
ajeer-3733	74	27	therefore	therefore	ADV
ajeer-3733	74	28	natural	natural	ADJ
ajeer-3733	74	29	to	to	PART
ajeer-3733	74	30	convert	convert	VERB
ajeer-3733	74	31	all	all	DET
ajeer-3733	74	32	the	the	DET
ajeer-3733	74	33	variables	variable	NOUN
ajeer-3733	74	34	in	in	ADP
ajeer-3733	74	35	the	the	DET
ajeer-3733	74	36	model	model	NOUN
ajeer-3733	74	37	to	to	ADP
ajeer-3733	74	38	the	the	DET
ajeer-3733	74	39	gap	gap	NOUN
ajeer-3733	74	40	format	format	NOUN
ajeer-3733	74	41	,	,	PUNCT
ajeer-3733	74	42	producing	produce	VERB
ajeer-3733	74	43	what	what	PRON
ajeer-3733	74	44	are	be	AUX
ajeer-3733	74	45	often	often	ADV
ajeer-3733	74	46	called	call	VERB
ajeer-3733	74	47	“	"	PUNCT
ajeer-3733	74	48	gap	gap	NOUN
ajeer-3733	74	49	models	model	NOUN
ajeer-3733	74	50	”	"	PUNCT
ajeer-3733	74	51	or	or	CCONJ
ajeer-3733	74	52	“	"	PUNCT
ajeer-3733	74	53	trend	trend	NOUN
ajeer-3733	74	54	-	-	PUNCT
ajeer-3733	74	55	gap	gap	NOUN
ajeer-3733	74	56	models	model	NOUN
ajeer-3733	74	57	.	.	PUNCT
ajeer-3733	74	58	”	"	PUNCT
ajeer-3733	75	1	we	we	PRON
ajeer-3733	75	2	have	have	AUX
ajeer-3733	75	3	extended	extend	VERB
ajeer-3733	75	4	the	the	DET
ajeer-3733	75	5	model	model	NOUN
ajeer-3733	75	6	to	to	PART
ajeer-3733	75	7	incorporate	incorporate	VERB
ajeer-3733	75	8	a	a	DET
ajeer-3733	75	9	rudimentary	rudimentary	ADJ
ajeer-3733	75	10	fiscal	fiscal	ADJ
ajeer-3733	75	11	and	and	CCONJ
ajeer-3733	75	12	debt	debt	NOUN
ajeer-3733	75	13	-	-	PUNCT
ajeer-3733	75	14	accounting	accounting	NOUN
ajeer-3733	75	15	block	block	NOUN
ajeer-3733	75	16	,	,	PUNCT
ajeer-3733	75	17	recast	recast	VERB
ajeer-3733	75	18	it	it	PRON
ajeer-3733	75	19	to	to	ADP
ajeer-3733	75	20	annual	annual	ADJ
ajeer-3733	75	21	frequency	frequency	NOUN
ajeer-3733	75	22	,	,	PUNCT
ajeer-3733	75	23	and	and	CCONJ
ajeer-3733	75	24	calibrated	calibrate	VERB
ajeer-3733	75	25	it	it	PRON
ajeer-3733	75	26	to	to	PART
ajeer-3733	75	27	capture	capture	VERB
ajeer-3733	75	28	the	the	DET
ajeer-3733	75	29	stylized	stylize	VERB
ajeer-3733	75	30	facts	fact	NOUN
ajeer-3733	75	31	of	of	ADP
ajeer-3733	75	32	cambodia	cambodia	PROPN
ajeer-3733	75	33	’s	’s	PART
ajeer-3733	75	34	macroeconomic	macroeconomic	ADJ
ajeer-3733	75	35	policies	policy	NOUN
ajeer-3733	75	36	.	.	PUNCT
ajeer-3733	76	1	it	it	PRON
ajeer-3733	76	2	blends	blend	VERB
ajeer-3733	76	3	the	the	DET
ajeer-3733	76	4	new	new	ADJ
ajeer-3733	76	5	keynesian	keynesian	ADJ
ajeer-3733	76	6	emphasis	emphasis	NOUN
ajeer-3733	76	7	on	on	ADP
ajeer-3733	76	8	nominal	nominal	ADJ
ajeer-3733	76	9	and	and	CCONJ
ajeer-3733	76	10	real	real	ADJ
ajeer-3733	76	11	rigidities	rigidity	NOUN
ajeer-3733	76	12	and	and	CCONJ
ajeer-3733	76	13	the	the	DET
ajeer-3733	76	14	role	role	NOUN
ajeer-3733	76	15	of	of	ADP
ajeer-3733	76	16	aggregate	aggregate	ADJ
ajeer-3733	76	17	demand	demand	NOUN
ajeer-3733	76	18	in	in	ADP
ajeer-3733	76	19	output	output	NOUN
ajeer-3733	76	20	determination	determination	NOUN
ajeer-3733	76	21	with	with	ADP
ajeer-3733	76	22	the	the	DET
ajeer-3733	76	23	real	real	ADJ
ajeer-3733	76	24	business	business	NOUN
ajeer-3733	76	25	cycle	cycle	NOUN
ajeer-3733	76	26	methods	method	NOUN
ajeer-3733	76	27	of	of	ADP
ajeer-3733	76	28	dynamic	dynamic	ADJ
ajeer-3733	76	29	stochastic	stochastic	ADJ
ajeer-3733	76	30	general	general	ADJ
ajeer-3733	76	31	equilibrium	equilibrium	NOUN
ajeer-3733	76	32	(	(	PUNCT
ajeer-3733	76	33	dsge	dsge	NOUN
ajeer-3733	76	34	)	)	PUNCT
ajeer-3733	76	35	modeling	modeling	NOUN
ajeer-3733	76	36	with	with	ADP
ajeer-3733	76	37	rational	rational	ADJ
ajeer-3733	76	38	expectations	expectation	NOUN
ajeer-3733	76	39	(	(	PUNCT
ajeer-3733	76	40	berg	berg	PROPN
ajeer-3733	76	41	,	,	PUNCT
ajeer-3733	76	42	karam	karam	PROPN
ajeer-3733	76	43	,	,	PUNCT
ajeer-3733	76	44	&	&	CCONJ
ajeer-3733	76	45	laxton	laxton	PROPN
ajeer-3733	76	46	,	,	PUNCT
ajeer-3733	76	47	2006	2006	NUM
ajeer-3733	76	48	)	)	PUNCT
ajeer-3733	76	49	.	.	PUNCT
ajeer-3733	77	1	rather	rather	ADV
ajeer-3733	77	2	than	than	ADP
ajeer-3733	77	3	deriving	derive	VERB
ajeer-3733	77	4	the	the	DET
ajeer-3733	77	5	baseline	baseline	NOUN
ajeer-3733	77	6	model	model	NOUN
ajeer-3733	77	7	from	from	ADP
ajeer-3733	77	8	strictly	strictly	ADV
ajeer-3733	77	9	microeconomic	microeconomic	ADJ
ajeer-3733	77	10	foundations	foundation	NOUN
ajeer-3733	77	11	,	,	PUNCT
ajeer-3733	77	12	we	we	PRON
ajeer-3733	77	13	pragmatically	pragmatically	ADV
ajeer-3733	77	14	allow	allow	VERB
ajeer-3733	77	15	both	both	CCONJ
ajeer-3733	77	16	adaptive	adaptive	ADJ
ajeer-3733	77	17	and	and	CCONJ
ajeer-3733	77	18	rational	rational	ADJ
ajeer-3733	77	19	expectations	expectation	NOUN
ajeer-3733	77	20	and	and	CCONJ
ajeer-3733	77	21	substantial	substantial	ADJ
ajeer-3733	77	22	inertia	inertia	NOUN
ajeer-3733	77	23	in	in	ADP
ajeer-3733	77	24	the	the	DET
ajeer-3733	77	25	equations	equation	NOUN
ajeer-3733	77	26	to	to	PART
ajeer-3733	77	27	match	match	VERB
ajeer-3733	77	28	the	the	DET
ajeer-3733	77	29	data	datum	NOUN
ajeer-3733	77	30	.	.	PUNCT
ajeer-3733	78	1	the	the	DET
ajeer-3733	78	2	camfi	camfi	PROPN
ajeer-3733	78	3	model	model	NOUN
ajeer-3733	78	4	has	have	VERB
ajeer-3733	78	5	five	five	NUM
ajeer-3733	78	6	building	building	NOUN
ajeer-3733	78	7	blocks	block	NOUN
ajeer-3733	78	8	,	,	PUNCT
ajeer-3733	78	9	as	as	SCONJ
ajeer-3733	78	10	summarized	summarize	VERB
ajeer-3733	78	11	in	in	ADP
ajeer-3733	78	12	figure	figure	NOUN
ajeer-3733	78	13	1	1	NUM
ajeer-3733	78	14	and	and	CCONJ
ajeer-3733	78	15	detailed	detail	VERB
ajeer-3733	78	16	in	in	ADP
ajeer-3733	78	17	appendix	appendix	ADJ
ajeer-3733	78	18	c	c	NOUN
ajeer-3733	78	19	:	:	PUNCT
ajeer-3733	78	20	1	1	X
ajeer-3733	78	21	.	.	X
ajeer-3733	78	22	an	an	DET
ajeer-3733	78	23	aggregate	aggregate	ADJ
ajeer-3733	78	24	demand	demand	NOUN
ajeer-3733	78	25	or	or	CCONJ
ajeer-3733	78	26	is	be	AUX
ajeer-3733	78	27	curve	curve	NOUN
ajeer-3733	78	28	that	that	PRON
ajeer-3733	78	29	relates	relate	VERB
ajeer-3733	78	30	the	the	DET
ajeer-3733	78	31	level	level	NOUN
ajeer-3733	78	32	of	of	ADP
ajeer-3733	78	33	real	real	ADJ
ajeer-3733	78	34	activity	activity	NOUN
ajeer-3733	78	35	to	to	PART
ajeer-3733	78	36	expected	expect	VERB
ajeer-3733	78	37	and	and	CCONJ
ajeer-3733	78	38	past	past	ADJ
ajeer-3733	78	39	real	real	ADJ
ajeer-3733	78	40	activity	activity	NOUN
ajeer-3733	78	41	,	,	PUNCT
ajeer-3733	78	42	the	the	DET
ajeer-3733	78	43	real	real	ADJ
ajeer-3733	78	44	interest	interest	NOUN
ajeer-3733	78	45	rate	rate	NOUN
ajeer-3733	78	46	,	,	PUNCT
ajeer-3733	78	47	the	the	DET
ajeer-3733	78	48	real	real	ADJ
ajeer-3733	78	49	exchange	exchange	NOUN
ajeer-3733	78	50	rate	rate	NOUN
ajeer-3733	78	51	,	,	PUNCT
ajeer-3733	78	52	the	the	DET
ajeer-3733	78	53	fiscal	fiscal	ADJ
ajeer-3733	78	54	impulse	impulse	ADJ
ajeer-3733	78	55	,	,	PUNCT
ajeer-3733	78	56	and	and	CCONJ
ajeer-3733	78	57	foreign	foreign	ADJ
ajeer-3733	78	58	demand	demand	NOUN
ajeer-3733	78	59	.	.	PUNCT
ajeer-3733	79	1	2	2	X
ajeer-3733	79	2	.	.	X
ajeer-3733	79	3	a	a	DET
ajeer-3733	79	4	price	price	NOUN
ajeer-3733	79	5	-	-	PUNCT
ajeer-3733	79	6	setting	setting	NOUN
ajeer-3733	79	7	or	or	CCONJ
ajeer-3733	79	8	phillips	phillip	NOUN
ajeer-3733	79	9	curve	curve	NOUN
ajeer-3733	79	10	that	that	PRON
ajeer-3733	79	11	relates	relate	VERB
ajeer-3733	79	12	current	current	ADJ
ajeer-3733	79	13	inflation	inflation	NOUN
ajeer-3733	79	14	to	to	AUX
ajeer-3733	79	15	past	past	VERB
ajeer-3733	79	16	and	and	CCONJ
ajeer-3733	79	17	expected	expect	VERB
ajeer-3733	79	18	inflation	inflation	NOUN
ajeer-3733	79	19	,	,	PUNCT
ajeer-3733	79	20	the	the	DET
ajeer-3733	79	21	output	output	NOUN
ajeer-3733	79	22	gap	gap	NOUN
ajeer-3733	79	23	,	,	PUNCT
ajeer-3733	79	24	the	the	DET
ajeer-3733	79	25	exchange	exchange	NOUN
ajeer-3733	79	26	rate	rate	NOUN
ajeer-3733	79	27	,	,	PUNCT
ajeer-3733	79	28	and	and	CCONJ
ajeer-3733	79	29	oil	oil	NOUN
ajeer-3733	79	30	prices	price	NOUN
ajeer-3733	79	31	.	.	PUNCT
ajeer-3733	80	1	the	the	DET
ajeer-3733	80	2	relationships	relationship	NOUN
ajeer-3733	80	3	in	in	ADP
ajeer-3733	80	4	(	(	PUNCT
ajeer-3733	80	5	1	1	NUM
ajeer-3733	80	6	)	)	PUNCT
ajeer-3733	80	7	and	and	CCONJ
ajeer-3733	80	8	(	(	PUNCT
ajeer-3733	80	9	2	2	X
ajeer-3733	80	10	)	)	PUNCT
ajeer-3733	80	11	are	be	AUX
ajeer-3733	80	12	independent	independent	ADJ
ajeer-3733	80	13	of	of	ADP
ajeer-3733	80	14	the	the	DET
ajeer-3733	80	15	monetary	monetary	ADJ
ajeer-3733	80	16	and	and	CCONJ
ajeer-3733	80	17	exchange	exchange	NOUN
ajeer-3733	80	18	rate	rate	NOUN
ajeer-3733	80	19	regime	regime	NOUN
ajeer-3733	80	20	prevailing	prevail	VERB
ajeer-3733	80	21	in	in	ADP
ajeer-3733	80	22	the	the	DET
ajeer-3733	80	23	country	country	NOUN
ajeer-3733	80	24	under	under	ADP
ajeer-3733	80	25	consideration	consideration	NOUN
ajeer-3733	80	26	.	.	PUNCT
ajeer-3733	81	1	3	3	X
ajeer-3733	81	2	.	.	X
ajeer-3733	81	3	a	a	DET
ajeer-3733	81	4	uip	uip	PROPN
ajeer-3733	81	5	condition	condition	NOUN
ajeer-3733	81	6	for	for	ADP
ajeer-3733	81	7	the	the	DET
ajeer-3733	81	8	exchange	exchange	NOUN
ajeer-3733	81	9	rate	rate	NOUN
ajeer-3733	81	10	that	that	PRON
ajeer-3733	81	11	incorporates	incorporate	VERB
ajeer-3733	81	12	the	the	DET
ajeer-3733	81	13	country	country	NOUN
ajeer-3733	81	14	risk	risk	NOUN
ajeer-3733	81	15	premium	premium	NOUN
ajeer-3733	81	16	.	.	PUNCT
ajeer-3733	82	1	this	this	DET
ajeer-3733	82	2	equation	equation	NOUN
ajeer-3733	82	3	can	can	AUX
ajeer-3733	82	4	take	take	VERB
ajeer-3733	82	5	multiple	multiple	ADJ
ajeer-3733	82	6	forms	form	NOUN
ajeer-3733	82	7	in	in	ADP
ajeer-3733	82	8	the	the	DET
ajeer-3733	82	9	model	model	NOUN
ajeer-3733	82	10	as	as	SCONJ
ajeer-3733	82	11	it	it	PRON
ajeer-3733	82	12	is	be	AUX
ajeer-3733	82	13	formulated	formulate	VERB
ajeer-3733	82	14	to	to	PART
ajeer-3733	82	15	reflect	reflect	VERB
ajeer-3733	82	16	the	the	DET
ajeer-3733	82	17	exchange	exchange	NOUN
ajeer-3733	82	18	rate	rate	NOUN
ajeer-3733	82	19	regime	regime	NOUN
ajeer-3733	82	20	—	—	PUNCT
ajeer-3733	82	21	in	in	ADP
ajeer-3733	82	22	the	the	DET
ajeer-3733	82	23	case	case	NOUN
ajeer-3733	82	24	of	of	ADP
ajeer-3733	82	25	cambodia	cambodia	PROPN
ajeer-3733	82	26	,	,	PUNCT
ajeer-3733	82	27	a	a	DET
ajeer-3733	82	28	heavily	heavily	ADV
ajeer-3733	82	29	-	-	PUNCT
ajeer-3733	82	30	managed	manage	VERB
ajeer-3733	82	31	float	float	NOUN
ajeer-3733	82	32	that	that	PRON
ajeer-3733	82	33	has	have	AUX
ajeer-3733	82	34	stabilized	stabilize	VERB
ajeer-3733	82	35	the	the	DET
ajeer-3733	82	36	exchange	exchange	NOUN
ajeer-3733	82	37	rate	rate	NOUN
ajeer-3733	82	38	at	at	ADP
ajeer-3733	82	39	about	about	ADP
ajeer-3733	82	40	4,050	4,050	NUM
ajeer-3733	82	41	riels	riel	NOUN
ajeer-3733	82	42	per	per	ADP
ajeer-3733	82	43	us$1	us$1	PROPN
ajeer-3733	82	44	,	,	PUNCT
ajeer-3733	82	45	with	with	ADP
ajeer-3733	82	46	an	an	DET
ajeer-3733	82	47	open	open	ADJ
ajeer-3733	82	48	capital	capital	NOUN
ajeer-3733	82	49	account.2	account.2	PROPN
ajeer-3733	82	50	here	here	ADV
ajeer-3733	82	51	,	,	PUNCT
ajeer-3733	82	52	for	for	ADP
ajeer-3733	82	53	the	the	DET
ajeer-3733	82	54	sake	sake	NOUN
ajeer-3733	82	55	of	of	ADP
ajeer-3733	82	56	parsimony	parsimony	NOUN
ajeer-3733	82	57	,	,	PUNCT
ajeer-3733	82	58	we	we	PRON
ajeer-3733	82	59	have	have	AUX
ajeer-3733	82	60	chosen	choose	VERB
ajeer-3733	82	61	to	to	PART
ajeer-3733	82	62	omit	omit	VERB
ajeer-3733	82	63	the	the	DET
ajeer-3733	82	64	external	external	ADJ
ajeer-3733	82	65	balances	balance	NOUN
ajeer-3733	82	66	.	.	PUNCT
ajeer-3733	83	1	the	the	DET
ajeer-3733	83	2	sizable	sizable	ADJ
ajeer-3733	83	3	current	current	ADJ
ajeer-3733	83	4	account	account	NOUN
ajeer-3733	83	5	deficit	deficit	NOUN
ajeer-3733	83	6	has	have	AUX
ajeer-3733	83	7	been	be	AUX
ajeer-3733	83	8	(	(	PUNCT
ajeer-3733	83	9	over)financed	over)finance	VERB
ajeer-3733	83	10	by	by	ADP
ajeer-3733	83	11	sustainable	sustainable	ADJ
ajeer-3733	83	12	fdi	fdi	NOUN
ajeer-3733	83	13	inflows	inflow	NOUN
ajeer-3733	83	14	(	(	PUNCT
ajeer-3733	83	15	imf	imf	PROPN
ajeer-3733	83	16	(	(	PUNCT
ajeer-3733	83	17	international	international	ADJ
ajeer-3733	83	18	monetary	monetary	ADJ
ajeer-3733	83	19	fund	fund	PROPN
ajeer-3733	83	20	)	)	PUNCT
ajeer-3733	83	21	,	,	PUNCT
ajeer-3733	83	22	2019	2019	NUM
ajeer-3733	83	23	)	)	PUNCT
ajeer-3733	83	24	.	.	PUNCT
ajeer-3733	84	1	the	the	DET
ajeer-3733	84	2	uip	uip	PROPN
ajeer-3733	84	3	is	be	AUX
ajeer-3733	84	4	also	also	ADV
ajeer-3733	84	5	the	the	DET
ajeer-3733	84	6	model	model	NOUN
ajeer-3733	84	7	’s	’s	PART
ajeer-3733	84	8	reaction	reaction	NOUN
ajeer-3733	84	9	function	function	NOUN
ajeer-3733	84	10	for	for	ADP
ajeer-3733	84	11	setting	set	VERB
ajeer-3733	84	12	the	the	DET
ajeer-3733	84	13	domestic	domestic	ADJ
ajeer-3733	84	14	interest	interest	NOUN
ajeer-3733	84	15	rate	rate	NOUN
ajeer-3733	84	16	:	:	PUNCT
ajeer-3733	84	17	the	the	DET
ajeer-3733	84	18	foreign	foreign	ADJ
ajeer-3733	84	19	rate	rate	NOUN
ajeer-3733	84	20	plus	plus	CCONJ
ajeer-3733	84	21	a	a	DET
ajeer-3733	84	22	country	country	NOUN
ajeer-3733	84	23	risk	risk	NOUN
ajeer-3733	84	24	premium	premium	NOUN
ajeer-3733	84	25	(	(	PUNCT
ajeer-3733	84	26	obstfeld	obstfeld	VERB
ajeer-3733	84	27	,	,	PUNCT
ajeer-3733	84	28	shambaugh	shambaugh	NOUN
ajeer-3733	84	29	,	,	PUNCT
ajeer-3733	84	30	&	&	CCONJ
ajeer-3733	84	31	taylor	taylor	PROPN
ajeer-3733	84	32	,	,	PUNCT
ajeer-3733	84	33	2005	2005	NUM
ajeer-3733	84	34	)	)	PUNCT
ajeer-3733	84	35	.	.	PUNCT
ajeer-3733	85	1	thus	thus	ADV
ajeer-3733	85	2	,	,	PUNCT
ajeer-3733	85	3	monetary	monetary	ADJ
ajeer-3733	85	4	policy	policy	NOUN
ajeer-3733	85	5	passively	passively	ADV
ajeer-3733	85	6	accommodates	accommodate	VERB
ajeer-3733	85	7	movements	movement	NOUN
ajeer-3733	85	8	in	in	ADP
ajeer-3733	85	9	the	the	DET
ajeer-3733	85	10	world	world	NOUN
ajeer-3733	85	11	interest	interest	NOUN
ajeer-3733	85	12	rate	rate	NOUN
ajeer-3733	85	13	.	.	PUNCT
ajeer-3733	86	1	the	the	DET
ajeer-3733	86	2	national	national	PROPN
ajeer-3733	86	3	bank	bank	PROPN
ajeer-3733	86	4	of	of	ADP
ajeer-3733	86	5	cambodia	cambodia	PROPN
ajeer-3733	86	6	(	(	PUNCT
ajeer-3733	86	7	nbc	nbc	PROPN
ajeer-3733	86	8	)	)	PUNCT
ajeer-3733	86	9	has	have	AUX
ajeer-3733	86	10	been	be	AUX
ajeer-3733	86	11	keeping	keep	VERB
ajeer-3733	86	12	the	the	DET
ajeer-3733	86	13	exchange	exchange	NOUN
ajeer-3733	86	14	rate	rate	NOUN
ajeer-3733	86	15	stable	stable	ADJ
ajeer-3733	86	16	through	through	ADP
ajeer-3733	86	17	a	a	DET
ajeer-3733	86	18	strict	strict	ADJ
ajeer-3733	86	19	policy	policy	NOUN
ajeer-3733	86	20	of	of	ADP
ajeer-3733	86	21	not	not	PART
ajeer-3733	86	22	lending	lend	VERB
ajeer-3733	86	23	to	to	ADP
ajeer-3733	86	24	the	the	DET
ajeer-3733	86	25	government	government	NOUN
ajeer-3733	86	26	—	—	PUNCT
ajeer-3733	86	27	thus	thus	ADV
ajeer-3733	86	28	also	also	ADV
ajeer-3733	86	29	signaling	signal	VERB
ajeer-3733	86	30	its	its	PRON
ajeer-3733	86	31	independence	independence	NOUN
ajeer-3733	86	32	.	.	PUNCT
ajeer-3733	87	1	the	the	DET
ajeer-3733	87	2	monetary	monetary	ADJ
ajeer-3733	87	3	and	and	CCONJ
ajeer-3733	87	4	exchange	exchange	NOUN
ajeer-3733	87	5	rate	rate	NOUN
ajeer-3733	87	6	regime	regime	NOUN
ajeer-3733	87	7	in	in	ADP
ajeer-3733	87	8	our	our	PRON
ajeer-3733	87	9	model	model	NOUN
ajeer-3733	87	10	is	be	AUX
ajeer-3733	87	11	tailored	tailor	VERB
ajeer-3733	87	12	to	to	ADP
ajeer-3733	87	13	cambodia	cambodia	PROPN
ajeer-3733	87	14	’s	’s	PART
ajeer-3733	87	15	stylized	stylize	VERB
ajeer-3733	87	16	facts	fact	NOUN
ajeer-3733	87	17	,	,	PUNCT
ajeer-3733	87	18	and	and	CCONJ
ajeer-3733	87	19	the	the	DET
ajeer-3733	87	20	equations	equation	NOUN
ajeer-3733	87	21	are	be	AUX
ajeer-3733	87	22	regime	regime	NOUN
ajeer-3733	87	23	-	-	PUNCT
ajeer-3733	87	24	dependent	dependent	ADJ
ajeer-3733	87	25	:	:	PUNCT
ajeer-3733	87	26	for	for	ADP
ajeer-3733	87	27	a	a	DET
ajeer-3733	87	28	country	country	NOUN
ajeer-3733	87	29	with	with	ADP
ajeer-3733	87	30	an	an	DET
ajeer-3733	87	31	independent	independent	ADJ
ajeer-3733	87	32	monetary	monetary	ADJ
ajeer-3733	87	33	policy	policy	NOUN
ajeer-3733	87	34	a	a	DET
ajeer-3733	87	35	different	different	ADJ
ajeer-3733	87	36	specification	specification	NOUN
ajeer-3733	87	37	would	would	AUX
ajeer-3733	87	38	be	be	AUX
ajeer-3733	87	39	required	require	VERB
ajeer-3733	87	40	.	.	PUNCT
ajeer-3733	88	1	4	4	X
ajeer-3733	88	2	.	.	X
ajeer-3733	88	3	the	the	DET
ajeer-3733	88	4	model	model	NOUN
ajeer-3733	88	5	is	be	AUX
ajeer-3733	88	6	expanded	expand	VERB
ajeer-3733	88	7	to	to	PART
ajeer-3733	88	8	incorporate	incorporate	VERB
ajeer-3733	88	9	a	a	DET
ajeer-3733	88	10	fiscal	fiscal	ADJ
ajeer-3733	88	11	policy	policy	NOUN
ajeer-3733	88	12	reaction	reaction	NOUN
ajeer-3733	88	13	function	function	NOUN
ajeer-3733	88	14	.	.	PUNCT
ajeer-3733	89	1	in	in	ADP
ajeer-3733	89	2	practice	practice	NOUN
ajeer-3733	89	3	,	,	PUNCT
ajeer-3733	89	4	the	the	DET
ajeer-3733	89	5	cambodian	cambodian	ADJ
ajeer-3733	89	6	government	government	NOUN
ajeer-3733	89	7	has	have	AUX
ajeer-3733	89	8	been	be	AUX
ajeer-3733	89	9	following	follow	VERB
ajeer-3733	89	10	the	the	DET
ajeer-3733	89	11	“	"	PUNCT
ajeer-3733	89	12	fiscal	fiscal	ADJ
ajeer-3733	89	13	golden	golden	ADJ
ajeer-3733	89	14	rule	rule	NOUN
ajeer-3733	89	15	”	"	PUNCT
ajeer-3733	89	16	for	for	ADP
ajeer-3733	89	17	its	its	PRON
ajeer-3733	89	18	current	current	ADJ
ajeer-3733	89	19	fiscal	fiscal	ADJ
ajeer-3733	89	20	balance	balance	NOUN
ajeer-3733	89	21	,	,	PUNCT
ajeer-3733	89	22	while	while	SCONJ
ajeer-3733	89	23	borrowing	borrow	VERB
ajeer-3733	89	24	externally	externally	ADV
ajeer-3733	89	25	for	for	ADP
ajeer-3733	89	26	some	some	DET
ajeer-3733	89	27	investment	investment	NOUN
ajeer-3733	89	28	spending.3	spending.3	PROPN
ajeer-3733	89	29	this	this	DET
ajeer-3733	89	30	policy	policy	NOUN
ajeer-3733	89	31	is	be	AUX
ajeer-3733	89	32	equivalent	equivalent	ADJ
ajeer-3733	89	33	to	to	ADP
ajeer-3733	89	34	saying	say	VERB
ajeer-3733	89	35	that	that	SCONJ
ajeer-3733	89	36	the	the	DET
ajeer-3733	89	37	fiscal	fiscal	ADJ
ajeer-3733	89	38	authority	authority	NOUN
ajeer-3733	89	39	decides	decide	VERB
ajeer-3733	89	40	on	on	ADP
ajeer-3733	89	41	a	a	DET
ajeer-3733	89	42	cyclicallyadjusted	cyclicallyadjuste	VERB
ajeer-3733	89	43	primary	primary	ADJ
ajeer-3733	89	44	deficit	deficit	NOUN
ajeer-3733	89	45	,	,	PUNCT
ajeer-3733	89	46	taking	take	VERB
ajeer-3733	89	47	into	into	ADP
ajeer-3733	89	48	account	account	NOUN
ajeer-3733	89	49	the	the	DET
ajeer-3733	89	50	country	country	NOUN
ajeer-3733	89	51	’s	’s	PART
ajeer-3733	89	52	cyclical	cyclical	ADJ
ajeer-3733	89	53	position	position	NOUN
ajeer-3733	89	54	and	and	CCONJ
ajeer-3733	89	55	its	its	PRON
ajeer-3733	89	56	announced	announce	VERB
ajeer-3733	89	57	gross	gross	ADJ
ajeer-3733	89	58	debt	debt	NOUN
ajeer-3733	89	59	target	target	NOUN
ajeer-3733	89	60	.	.	PUNCT
ajeer-3733	90	1	5	5	X
ajeer-3733	90	2	.	.	X
ajeer-3733	90	3	the	the	DET
ajeer-3733	90	4	model	model	NOUN
ajeer-3733	90	5	is	be	AUX
ajeer-3733	90	6	closed	close	VERB
ajeer-3733	90	7	with	with	ADP
ajeer-3733	90	8	the	the	DET
ajeer-3733	90	9	usual	usual	ADJ
ajeer-3733	90	10	debt	debt	NOUN
ajeer-3733	90	11	accounting	accounting	NOUN
ajeer-3733	90	12	identity	identity	NOUN
ajeer-3733	90	13	.	.	PUNCT
ajeer-3733	91	1	the	the	DET
ajeer-3733	91	2	deficit	deficit	NOUN
ajeer-3733	91	3	is	be	AUX
ajeer-3733	91	4	financed	finance	VERB
ajeer-3733	91	5	either	either	CCONJ
ajeer-3733	91	6	by	by	ADP
ajeer-3733	91	7	accumulating	accumulate	VERB
ajeer-3733	91	8	debt	debt	NOUN
ajeer-3733	91	9	or	or	CCONJ
ajeer-3733	91	10	dissaving	dissave	VERB
ajeer-3733	91	11	government	government	NOUN
ajeer-3733	91	12	deposits	deposit	NOUN
ajeer-3733	91	13	.	.	PUNCT
ajeer-3733	92	1	above	above	ADP
ajeer-3733	92	2	-	-	PUNCT
ajeer-3733	92	3	target	target	NOUN
ajeer-3733	92	4	debt	debt	NOUN
ajeer-3733	92	5	increases	increase	VERB
ajeer-3733	92	6	the	the	DET
ajeer-3733	92	7	risk	risk	NOUN
ajeer-3733	92	8	premium	premium	NOUN
ajeer-3733	92	9	and	and	CCONJ
ajeer-3733	92	10	thus	thus	ADV
ajeer-3733	92	11	raises	raise	VERB
ajeer-3733	92	12	the	the	DET
ajeer-3733	92	13	neutral	neutral	ADJ
ajeer-3733	92	14	real	real	ADJ
ajeer-3733	92	15	interest	interest	NOUN
ajeer-3733	92	16	rate	rate	NOUN
ajeer-3733	92	17	and	and	CCONJ
ajeer-3733	92	18	vice	vice	ADV
ajeer-3733	92	19	versa	versa	ADV
ajeer-3733	92	20	.	.	PUNCT
ajeer-3733	93	1	figure	figure	VERB
ajeer-3733	93	2	1	1	NUM
ajeer-3733	93	3	.	.	PUNCT
ajeer-3733	93	4	key	key	ADJ
ajeer-3733	93	5	links	link	NOUN
ajeer-3733	93	6	in	in	ADP
ajeer-3733	93	7	the	the	DET
ajeer-3733	93	8	macrofiscal	macrofiscal	ADJ
ajeer-3733	93	9	model	model	NOUN
ajeer-3733	93	10	.	.	PUNCT
ajeer-3733	94	1	a.	a.	NOUN
ajeer-3733	94	2	aggregate	aggregate	PROPN
ajeer-3733	94	3	demand	demand	NOUN
ajeer-3733	94	4	the	the	DET
ajeer-3733	94	5	aggregate	aggregate	ADJ
ajeer-3733	94	6	demand	demand	NOUN
ajeer-3733	94	7	relationship	relationship	NOUN
ajeer-3733	94	8	—	—	PUNCT
ajeer-3733	94	9	the	the	PRON
ajeer-3733	94	10	is	be	AUX
ajeer-3733	94	11	curve	curve	NOUN
ajeer-3733	94	12	—	—	PUNCT
ajeer-3733	94	13	links	link	VERB
ajeer-3733	94	14	the	the	DET
ajeer-3733	94	15	domestic	domestic	ADJ
ajeer-3733	94	16	output	output	NOUN
ajeer-3733	94	17	gap	gap	NOUN
ajeer-3733	94	18	to	to	ADP
ajeer-3733	94	19	past	past	NOUN
ajeer-3733	94	20	and	and	CCONJ
ajeer-3733	94	21	expected	expect	VERB
ajeer-3733	94	22	output	output	NOUN
ajeer-3733	94	23	gaps	gap	NOUN
ajeer-3733	94	24	,	,	PUNCT
ajeer-3733	94	25	monetary	monetary	ADJ
ajeer-3733	94	26	conditions	condition	NOUN
ajeer-3733	94	27	,	,	PUNCT
ajeer-3733	94	28	the	the	DET
ajeer-3733	94	29	fiscal	fiscal	ADJ
ajeer-3733	94	30	stance	stance	NOUN
ajeer-3733	94	31	,	,	PUNCT
ajeer-3733	94	32	and	and	CCONJ
ajeer-3733	94	33	the	the	DET
ajeer-3733	94	34	foreign	foreign	ADJ
ajeer-3733	94	35	output	output	NOUN
ajeer-3733	94	36	gap	gap	NOUN
ajeer-3733	94	37	:	:	PUNCT
ajeer-3733	94	38	�	�	PROPN
ajeer-3733	94	39	̂	̂	NOUN
ajeer-3733	94	40	�	�	NOUN
ajeer-3733	94	41	𝑡	𝑡	NOUN
ajeer-3733	94	42	=	=	NOUN
ajeer-3733	94	43	𝑎1	𝑎1	PROPN
ajeer-3733	94	44	�	�	PROPN
ajeer-3733	94	45	̂	̂	VERB
ajeer-3733	94	46	�	�	NOUN
ajeer-3733	94	47	𝑡−1	𝑡−1	PROPN
ajeer-3733	94	48	+	+	NUM
ajeer-3733	94	49	𝑎2𝐸𝑡	𝑎2𝐸𝑡	PROPN
ajeer-3733	94	50	�	�	PROPN
ajeer-3733	94	51	̂	̂	PROPN
ajeer-3733	94	52	�	�	NOUN
ajeer-3733	94	53	𝑡+1	𝑡+1	PROPN
ajeer-3733	94	54	−	−	NOUN
ajeer-3733	94	55	𝑎3𝑚𝑐𝑖𝑡	𝑎3𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	94	56	+	+	CCONJ
ajeer-3733	94	57	𝑎4𝑓𝑡	𝑎4𝑓𝑡	X
ajeer-3733	94	58	𝑖𝑚𝑝	𝑖𝑚𝑝	ADJ
ajeer-3733	94	59	+	+	SYM
ajeer-3733	94	60	𝑎5	𝑎5	PROPN
ajeer-3733	94	61	�	�	PROPN
ajeer-3733	94	62	̂	̂	NOUN
ajeer-3733	94	63	�	�	NOUN
ajeer-3733	94	64	𝑡	𝑡	NOUN
ajeer-3733	94	65	∗	∗	NOUN
ajeer-3733	94	66	+	+	X
ajeer-3733	94	67	𝜀𝑡	𝜀𝑡	PROPN
ajeer-3733	94	68	𝑦	𝑦	NOUN
ajeer-3733	94	69	,	,	PUNCT
ajeer-3733	94	70	(	(	PUNCT
ajeer-3733	94	71	1	1	X
ajeer-3733	94	72	)	)	PUNCT
ajeer-3733	94	73	where	where	SCONJ
ajeer-3733	94	74	�	�	PROPN
ajeer-3733	94	75	̂	̂	SYM
ajeer-3733	94	76	�	�	NOUN
ajeer-3733	94	77	𝑡	𝑡	NOUN
ajeer-3733	94	78	is	be	AUX
ajeer-3733	94	79	the	the	DET
ajeer-3733	94	80	output	output	NOUN
ajeer-3733	94	81	gap	gap	NOUN
ajeer-3733	94	82	,	,	PUNCT
ajeer-3733	94	83	defined	define	VERB
ajeer-3733	94	84	as	as	ADP
ajeer-3733	94	85	the	the	DET
ajeer-3733	94	86	deviation	deviation	NOUN
ajeer-3733	94	87	of	of	ADP
ajeer-3733	94	88	the	the	DET
ajeer-3733	94	89	log	log	NOUN
ajeer-3733	94	90	of	of	ADP
ajeer-3733	94	91	real	real	ADJ
ajeer-3733	94	92	output	output	NOUN
ajeer-3733	94	93	from	from	ADP
ajeer-3733	94	94	its	its	PRON
ajeer-3733	94	95	trend	trend	NOUN
ajeer-3733	94	96	,	,	PUNCT
ajeer-3733	94	97	𝑚𝑐𝑖𝑡	𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	94	98	denotes	denote	VERB
ajeer-3733	94	99	the	the	DET
ajeer-3733	94	100	real	real	ADJ
ajeer-3733	94	101	monetary	monetary	ADJ
ajeer-3733	94	102	conditions	condition	NOUN
ajeer-3733	94	103	index	index	NOUN
ajeer-3733	94	104	,	,	PUNCT
ajeer-3733	94	105	𝑓𝑡	𝑓𝑡	PROPN
ajeer-3733	94	106	𝑖𝑚𝑝	𝑖𝑚𝑝	NOUN
ajeer-3733	94	107	is	be	AUX
ajeer-3733	94	108	the	the	DET
ajeer-3733	94	109	fiscal	fiscal	ADJ
ajeer-3733	94	110	impulse	impulse	ADJ
ajeer-3733	94	111	,	,	PUNCT
ajeer-3733	94	112	�	�	NOUN
ajeer-3733	94	113	̂	̂	NOUN
ajeer-3733	94	114	�	�	NOUN
ajeer-3733	94	115	𝑡	𝑡	NOUN
ajeer-3733	94	116	∗	∗	NOUN
ajeer-3733	94	117	is	be	AUX
ajeer-3733	94	118	the	the	DET
ajeer-3733	94	119	foreign	foreign	ADJ
ajeer-3733	94	120	output	output	NOUN
ajeer-3733	94	121	gap	gap	NOUN
ajeer-3733	94	122	,	,	PUNCT
ajeer-3733	94	123	and	and	CCONJ
ajeer-3733	94	124	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	94	125	𝑦	𝑦	NOUN
ajeer-3733	94	126	is	be	AUX
ajeer-3733	94	127	an	an	DET
ajeer-3733	94	128	aggregate	aggregate	ADJ
ajeer-3733	94	129	demand	demand	NOUN
ajeer-3733	94	130	shock	shock	NOUN
ajeer-3733	94	131	.	.	PUNCT
ajeer-3733	95	1	2	2	NUM
ajeer-3733	95	2	“	"	PUNCT
ajeer-3733	95	3	the	the	DET
ajeer-3733	95	4	de	de	X
ajeer-3733	95	5	jure	jure	NOUN
ajeer-3733	95	6	exchange	exchange	NOUN
ajeer-3733	95	7	rate	rate	NOUN
ajeer-3733	95	8	arrangement	arrangement	NOUN
ajeer-3733	95	9	is	be	AUX
ajeer-3733	95	10	a	a	DET
ajeer-3733	95	11	managed	manage	VERB
ajeer-3733	95	12	float	float	NOUN
ajeer-3733	95	13	.	.	PUNCT
ajeer-3733	96	1	given	give	VERB
ajeer-3733	96	2	the	the	DET
ajeer-3733	96	3	high	high	ADJ
ajeer-3733	96	4	degree	degree	NOUN
ajeer-3733	96	5	of	of	ADP
ajeer-3733	96	6	financial	financial	ADJ
ajeer-3733	96	7	dollarization	dollarization	NOUN
ajeer-3733	96	8	,	,	PUNCT
ajeer-3733	96	9	the	the	DET
ajeer-3733	96	10	national	national	PROPN
ajeer-3733	96	11	bank	bank	PROPN
ajeer-3733	96	12	of	of	ADP
ajeer-3733	96	13	cambodia	cambodia	PROPN
ajeer-3733	96	14	(	(	PUNCT
ajeer-3733	96	15	nbc	nbc	PROPN
ajeer-3733	96	16	)	)	PUNCT
ajeer-3733	96	17	intervenes	intervene	VERB
ajeer-3733	96	18	in	in	ADP
ajeer-3733	96	19	the	the	DET
ajeer-3733	96	20	foreign	foreign	ADJ
ajeer-3733	96	21	exchange	exchange	NOUN
ajeer-3733	96	22	market	market	NOUN
ajeer-3733	96	23	to	to	PART
ajeer-3733	96	24	accommodate	accommodate	VERB
ajeer-3733	96	25	demand	demand	NOUN
ajeer-3733	96	26	for	for	ADP
ajeer-3733	96	27	riels	riel	NOUN
ajeer-3733	96	28	and	and	CCONJ
ajeer-3733	96	29	maintain	maintain	VERB
ajeer-3733	96	30	exchange	exchange	NOUN
ajeer-3733	96	31	rate	rate	NOUN
ajeer-3733	96	32	stability	stability	NOUN
ajeer-3733	96	33	.	.	PUNCT
ajeer-3733	97	1	the	the	DET
ajeer-3733	97	2	de	de	X
ajeer-3733	97	3	facto	facto	X
ajeer-3733	97	4	exchange	exchange	NOUN
ajeer-3733	97	5	rate	rate	NOUN
ajeer-3733	97	6	arrangement	arrangement	NOUN
ajeer-3733	97	7	is	be	AUX
ajeer-3733	97	8	classified	classify	VERB
ajeer-3733	97	9	as	as	SCONJ
ajeer-3733	97	10	other	other	ADJ
ajeer-3733	97	11	managed	manage	VERB
ajeer-3733	97	12	.	.	PUNCT
ajeer-3733	97	13	”	"	PUNCT
ajeer-3733	98	1	(	(	PUNCT
ajeer-3733	98	2	imf	imf	PROPN
ajeer-3733	98	3	(	(	PUNCT
ajeer-3733	98	4	international	international	ADJ
ajeer-3733	98	5	monetary	monetary	ADJ
ajeer-3733	98	6	fund	fund	PROPN
ajeer-3733	98	7	)	)	PUNCT
ajeer-3733	98	8	,	,	PUNCT
ajeer-3733	98	9	2018c	2018c	NUM
ajeer-3733	98	10	)	)	PUNCT
ajeer-3733	98	11	.	.	PUNCT
ajeer-3733	99	1	3	3	NUM
ajeer-3733	99	2	the	the	DET
ajeer-3733	99	3	current	current	ADJ
ajeer-3733	99	4	balance	balance	NOUN
ajeer-3733	99	5	is	be	AUX
ajeer-3733	99	6	the	the	DET
ajeer-3733	99	7	difference	difference	NOUN
ajeer-3733	99	8	between	between	ADP
ajeer-3733	99	9	current	current	ADJ
ajeer-3733	99	10	revenue	revenue	NOUN
ajeer-3733	99	11	and	and	CCONJ
ajeer-3733	99	12	current	current	ADJ
ajeer-3733	99	13	expenditure	expenditure	NOUN
ajeer-3733	99	14	and	and	CCONJ
ajeer-3733	99	15	the	the	DET
ajeer-3733	99	16	“	"	PUNCT
ajeer-3733	99	17	fiscal	fiscal	ADJ
ajeer-3733	99	18	golden	golden	ADJ
ajeer-3733	99	19	rule	rule	NOUN
ajeer-3733	99	20	”	"	PUNCT
ajeer-3733	99	21	states	state	VERB
ajeer-3733	99	22	that	that	SCONJ
ajeer-3733	99	23	over	over	ADP
ajeer-3733	99	24	the	the	DET
ajeer-3733	99	25	economic	economic	ADJ
ajeer-3733	99	26	cycle	cycle	NOUN
ajeer-3733	99	27	the	the	DET
ajeer-3733	99	28	government	government	NOUN
ajeer-3733	99	29	should	should	AUX
ajeer-3733	99	30	borrow	borrow	VERB
ajeer-3733	99	31	only	only	ADV
ajeer-3733	99	32	to	to	PART
ajeer-3733	99	33	invest	invest	VERB
ajeer-3733	99	34	,	,	PUNCT
ajeer-3733	99	35	not	not	PART
ajeer-3733	99	36	to	to	PART
ajeer-3733	99	37	fund	fund	VERB
ajeer-3733	99	38	current	current	ADJ
ajeer-3733	99	39	spending	spending	NOUN
ajeer-3733	99	40	(	(	PUNCT
ajeer-3733	99	41	see	see	VERB
ajeer-3733	99	42	,	,	PUNCT
ajeer-3733	99	43	e.g.	e.g.	ADV
ajeer-3733	99	44	,	,	PUNCT
ajeer-3733	99	45	hm	hm	INTJ
ajeer-3733	99	46	treasury	treasury	PROPN
ajeer-3733	99	47	(	(	PUNCT
ajeer-3733	99	48	2008	2008	NUM
ajeer-3733	99	49	)	)	PUNCT
ajeer-3733	99	50	)	)	PUNCT
ajeer-3733	99	51	.	.	PUNCT
ajeer-3733	100	1	asian	asian	ADJ
ajeer-3733	100	2	journal	journal	PROPN
ajeer-3733	100	3	of	of	ADP
ajeer-3733	100	4	economics	economic	NOUN
ajeer-3733	100	5	and	and	CCONJ
ajeer-3733	100	6	empirical	empirical	ADJ
ajeer-3733	100	7	research	research	NOUN
ajeer-3733	100	8	,	,	PUNCT
ajeer-3733	100	9	2022	2022	NUM
ajeer-3733	100	10	,	,	PUNCT
ajeer-3733	100	11	9(1	9(1	NUM
ajeer-3733	100	12	):	):	PUNCT
ajeer-3733	100	13	21	21	NUM
ajeer-3733	100	14	-	-	SYM
ajeer-3733	100	15	37	37	NUM
ajeer-3733	100	16	24	24	NUM
ajeer-3733	100	17	©	©	PROPN
ajeer-3733	100	18	2022	2022	NUM
ajeer-3733	100	19	by	by	ADP
ajeer-3733	100	20	the	the	DET
ajeer-3733	100	21	authors	author	NOUN
ajeer-3733	100	22	;	;	PUNCT
ajeer-3733	100	23	licensee	licensee	PROPN
ajeer-3733	100	24	asian	asian	ADJ
ajeer-3733	100	25	online	online	PROPN
ajeer-3733	100	26	journal	journal	PROPN
ajeer-3733	100	27	publishing	publishing	NOUN
ajeer-3733	100	28	group	group	NOUN
ajeer-3733	100	29	all	all	ADV
ajeer-3733	100	30	parameters—𝑎𝑖	parameters—𝑎𝑖	ADV
ajeer-3733	100	31	,	,	PUNCT
ajeer-3733	100	32	𝑏𝑖	𝑏𝑖	ADP
ajeer-3733	100	33	,	,	PUNCT
ajeer-3733	100	34	𝑒𝑖	𝑒𝑖	X
ajeer-3733	100	35	,	,	PUNCT
ajeer-3733	100	36	𝑓𝑖	𝑓𝑖	PROPN
ajeer-3733	100	37	,	,	PUNCT
ajeer-3733	100	38	and	and	CCONJ
ajeer-3733	100	39	𝑔𝑖—have	𝑔𝑖—have	VERB
ajeer-3733	100	40	positive	positive	ADJ
ajeer-3733	100	41	values	value	NOUN
ajeer-3733	100	42	,	,	PUNCT
ajeer-3733	100	43	and	and	CCONJ
ajeer-3733	101	1	𝐸𝑡	𝐸𝑡	VERB
ajeer-3733	101	2	denotes	denote	NOUN
ajeer-3733	101	3	model	model	NOUN
ajeer-3733	101	4	-	-	PUNCT
ajeer-3733	101	5	consistent	consistent	ADJ
ajeer-3733	101	6	(	(	PUNCT
ajeer-3733	101	7	“	"	PUNCT
ajeer-3733	101	8	rational	rational	ADJ
ajeer-3733	101	9	”	"	PUNCT
ajeer-3733	101	10	)	)	PUNCT
ajeer-3733	101	11	forwardlooking	forwardlooking	NOUN
ajeer-3733	101	12	expectations	expectation	NOUN
ajeer-3733	101	13	.	.	PUNCT
ajeer-3733	102	1	the	the	DET
ajeer-3733	102	2	gaps	gap	NOUN
ajeer-3733	102	3	,	,	PUNCT
ajeer-3733	102	4	denoted	denote	VERB
ajeer-3733	102	5	with	with	ADP
ajeer-3733	102	6	“	"	PUNCT
ajeer-3733	102	7	hats	hat	NOUN
ajeer-3733	102	8	,	,	PUNCT
ajeer-3733	102	9	”	"	PUNCT
ajeer-3733	102	10	are	be	AUX
ajeer-3733	102	11	calculated	calculate	VERB
ajeer-3733	102	12	as	as	ADP
ajeer-3733	102	13	differences	difference	NOUN
ajeer-3733	102	14	of	of	ADP
ajeer-3733	102	15	the	the	DET
ajeer-3733	102	16	actual	actual	ADJ
ajeer-3733	102	17	,	,	PUNCT
ajeer-3733	102	18	observed	observed	ADJ
ajeer-3733	102	19	variables	variable	NOUN
ajeer-3733	102	20	from	from	ADP
ajeer-3733	102	21	their	their	PRON
ajeer-3733	102	22	estimated	estimate	VERB
ajeer-3733	102	23	trends	trend	NOUN
ajeer-3733	102	24	,	,	PUNCT
ajeer-3733	102	25	denoted	denote	VERB
ajeer-3733	102	26	with	with	ADP
ajeer-3733	102	27	tildes	tilde	NOUN
ajeer-3733	102	28	,	,	PUNCT
ajeer-3733	102	29	𝑥𝑡	𝑥𝑡	ADP
ajeer-3733	102	30	=	=	X
ajeer-3733	102	31	𝑥𝑡	𝑥𝑡	ADP
ajeer-3733	102	32	−	−	PROPN
ajeer-3733	102	33	�	�	PROPN
ajeer-3733	102	34	̃	̃	PROPN
ajeer-3733	102	35	�	�	NOUN
ajeer-3733	102	36	𝑡.	𝑡.	VERB
ajeer-3733	102	37	the	the	DET
ajeer-3733	102	38	real	real	ADJ
ajeer-3733	102	39	monetary	monetary	ADJ
ajeer-3733	102	40	conditions	condition	NOUN
ajeer-3733	102	41	index	index	NOUN
ajeer-3733	102	42	(	(	PUNCT
ajeer-3733	102	43	𝑚𝑐𝑖	𝑚𝑐𝑖	PROPN
ajeer-3733	102	44	)	)	PUNCT
ajeer-3733	102	45	is	be	AUX
ajeer-3733	102	46	defined	define	VERB
ajeer-3733	102	47	as	as	ADP
ajeer-3733	102	48	a	a	DET
ajeer-3733	102	49	weighted	weighted	ADJ
ajeer-3733	102	50	average	average	NOUN
ajeer-3733	102	51	of	of	ADP
ajeer-3733	102	52	deviations	deviation	NOUN
ajeer-3733	102	53	of	of	ADP
ajeer-3733	102	54	the	the	DET
ajeer-3733	102	55	real	real	ADJ
ajeer-3733	102	56	interest	interest	NOUN
ajeer-3733	102	57	rate	rate	NOUN
ajeer-3733	102	58	,	,	PUNCT
ajeer-3733	102	59	the	the	DET
ajeer-3733	102	60	credit	credit	NOUN
ajeer-3733	102	61	risk	risk	NOUN
ajeer-3733	102	62	premium	premium	NOUN
ajeer-3733	102	63	,	,	PUNCT
ajeer-3733	102	64	and	and	CCONJ
ajeer-3733	102	65	the	the	DET
ajeer-3733	102	66	real	real	ADJ
ajeer-3733	102	67	exchange	exchange	NOUN
ajeer-3733	102	68	rate	rate	NOUN
ajeer-3733	102	69	from	from	ADP
ajeer-3733	102	70	their	their	PRON
ajeer-3733	102	71	trends	trend	NOUN
ajeer-3733	102	72	:	:	PUNCT
ajeer-3733	102	73	𝑚𝑐𝑖𝑡	𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	102	74	=	=	PUNCT
ajeer-3733	102	75	𝑎6(	𝑎6(	X
ajeer-3733	102	76	�	�	NOUN
ajeer-3733	102	77	̂	̂	SYM
ajeer-3733	102	78	�	�	NOUN
ajeer-3733	102	79	𝑡	𝑡	NOUN
ajeer-3733	102	80	+	+	NOUN
ajeer-3733	102	81	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	NUM
ajeer-3733	102	82	)	)	PUNCT
ajeer-3733	103	1	+	+	CCONJ
ajeer-3733	103	2	(	(	PUNCT
ajeer-3733	103	3	1	1	NUM
ajeer-3733	103	4	−	−	NUM
ajeer-3733	103	5	𝑎6)(−	𝑎6)(−	ADJ
ajeer-3733	103	6	�	�	PROPN
ajeer-3733	103	7	̂	̂	SYM
ajeer-3733	103	8	�	�	NOUN
ajeer-3733	103	9	𝑡	𝑡	NOUN
ajeer-3733	103	10	)	)	PUNCT
ajeer-3733	103	11	,	,	PUNCT
ajeer-3733	103	12	(	(	PUNCT
ajeer-3733	103	13	2	2	X
ajeer-3733	103	14	)	)	PUNCT
ajeer-3733	103	15	where	where	SCONJ
ajeer-3733	103	16	�	�	PROPN
ajeer-3733	103	17	̂	̂	SYM
ajeer-3733	103	18	�	�	NOUN
ajeer-3733	103	19	𝑡	𝑡	NOUN
ajeer-3733	103	20	is	be	AUX
ajeer-3733	103	21	the	the	DET
ajeer-3733	103	22	deviation	deviation	NOUN
ajeer-3733	103	23	of	of	ADP
ajeer-3733	103	24	the	the	DET
ajeer-3733	103	25	real	real	ADJ
ajeer-3733	103	26	interest	interest	NOUN
ajeer-3733	103	27	rate	rate	NOUN
ajeer-3733	103	28	(	(	PUNCT
ajeer-3733	103	29	�	�	NOUN
ajeer-3733	103	30	̂	̂	NOUN
ajeer-3733	103	31	�	�	NOUN
ajeer-3733	103	32	𝑡	𝑡	NOUN
ajeer-3733	103	33	=	=	NOUN
ajeer-3733	103	34	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	103	35	−	−	PROPN
ajeer-3733	103	36	𝐸𝑡𝜋𝑡+1	𝐸𝑡𝜋𝑡+1	VERB
ajeer-3733	103	37	−	−	PROPN
ajeer-3733	103	38	�	�	PROPN
ajeer-3733	103	39	̃	̃	PROPN
ajeer-3733	103	40	�	�	NOUN
ajeer-3733	103	41	𝑡	𝑡	NOUN
ajeer-3733	103	42	)	)	PUNCT
ajeer-3733	103	43	from	from	ADP
ajeer-3733	103	44	its	its	PRON
ajeer-3733	103	45	trend	trend	NOUN
ajeer-3733	103	46	(	(	PUNCT
ajeer-3733	103	47	neutral	neutral	ADJ
ajeer-3733	103	48	,	,	PUNCT
ajeer-3733	103	49	�	�	PROPN
ajeer-3733	103	50	̃	̃	PROPN
ajeer-3733	103	51	�	�	NOUN
ajeer-3733	103	52	𝑡	𝑡	NOUN
ajeer-3733	103	53	)	)	PUNCT
ajeer-3733	103	54	level	level	NOUN
ajeer-3733	103	55	,	,	PUNCT
ajeer-3733	103	56	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	NUM
ajeer-3733	103	57	is	be	AUX
ajeer-3733	103	58	the	the	DET
ajeer-3733	103	59	credit	credit	NOUN
ajeer-3733	103	60	risk	risk	NOUN
ajeer-3733	103	61	premium	premium	NOUN
ajeer-3733	103	62	,	,	PUNCT
ajeer-3733	103	63	and	and	CCONJ
ajeer-3733	103	64	�	�	PROPN
ajeer-3733	103	65	̂	̂	NOUN
ajeer-3733	103	66	�	�	NOUN
ajeer-3733	103	67	𝑡	𝑡	NOUN
ajeer-3733	103	68	is	be	AUX
ajeer-3733	103	69	the	the	DET
ajeer-3733	103	70	deviation	deviation	NOUN
ajeer-3733	103	71	of	of	ADP
ajeer-3733	103	72	the	the	DET
ajeer-3733	103	73	real	real	ADJ
ajeer-3733	103	74	exchange	exchange	NOUN
ajeer-3733	103	75	rate	rate	NOUN
ajeer-3733	103	76	from	from	ADP
ajeer-3733	103	77	its	its	PRON
ajeer-3733	103	78	trend	trend	NOUN
ajeer-3733	103	79	.	.	PUNCT
ajeer-3733	104	1	what	what	PRON
ajeer-3733	104	2	kind	kind	NOUN
ajeer-3733	104	3	of	of	ADP
ajeer-3733	104	4	interest	interest	NOUN
ajeer-3733	104	5	rate	rate	NOUN
ajeer-3733	104	6	do	do	AUX
ajeer-3733	104	7	we	we	PRON
ajeer-3733	104	8	have	have	VERB
ajeer-3733	104	9	in	in	ADP
ajeer-3733	104	10	mind	mind	NOUN
ajeer-3733	104	11	?	?	PUNCT
ajeer-3733	105	1	as	as	ADV
ajeer-3733	105	2	long	long	ADV
ajeer-3733	105	3	as	as	SCONJ
ajeer-3733	105	4	the	the	DET
ajeer-3733	105	5	term	term	NOUN
ajeer-3733	105	6	and	and	CCONJ
ajeer-3733	105	7	risk	risk	NOUN
ajeer-3733	105	8	premiums	premium	NOUN
ajeer-3733	105	9	for	for	ADP
ajeer-3733	105	10	various	various	ADJ
ajeer-3733	105	11	maturities	maturity	NOUN
ajeer-3733	105	12	and	and	CCONJ
ajeer-3733	105	13	financial	financial	ADJ
ajeer-3733	105	14	instruments	instrument	NOUN
ajeer-3733	105	15	evolve	evolve	VERB
ajeer-3733	105	16	in	in	ADP
ajeer-3733	105	17	tandem	tandem	PROPN
ajeer-3733	105	18	,	,	PUNCT
ajeer-3733	105	19	we	we	PRON
ajeer-3733	105	20	can	can	AUX
ajeer-3733	105	21	work	work	VERB
ajeer-3733	105	22	with	with	ADP
ajeer-3733	105	23	the	the	DET
ajeer-3733	105	24	short	short	ADJ
ajeer-3733	105	25	-	-	PUNCT
ajeer-3733	105	26	term	term	NOUN
ajeer-3733	105	27	,	,	PUNCT
ajeer-3733	105	28	interbank	interbank	NOUN
ajeer-3733	105	29	interest	interest	NOUN
ajeer-3733	105	30	rate	rate	NOUN
ajeer-3733	105	31	so	so	SCONJ
ajeer-3733	105	32	that	that	SCONJ
ajeer-3733	105	33	innovations	innovation	NOUN
ajeer-3733	105	34	are	be	AUX
ajeer-3733	105	35	transmitted	transmit	VERB
ajeer-3733	105	36	along	along	ADP
ajeer-3733	105	37	the	the	DET
ajeer-3733	105	38	yield	yield	NOUN
ajeer-3733	105	39	curve.4	curve.4	ADV
ajeer-3733	105	40	the	the	DET
ajeer-3733	105	41	real	real	ADJ
ajeer-3733	105	42	interest	interest	NOUN
ajeer-3733	105	43	rate	rate	NOUN
ajeer-3733	105	44	,	,	PUNCT
ajeer-3733	105	45	𝑟𝑡	𝑟𝑡	NOUN
ajeer-3733	105	46	,	,	PUNCT
ajeer-3733	105	47	applies	apply	VERB
ajeer-3733	105	48	only	only	ADV
ajeer-3733	105	49	to	to	ADP
ajeer-3733	105	50	private	private	ADJ
ajeer-3733	105	51	debt	debt	NOUN
ajeer-3733	105	52	service	service	NOUN
ajeer-3733	105	53	;	;	PUNCT
ajeer-3733	105	54	it	it	PRON
ajeer-3733	105	55	reflects	reflect	VERB
ajeer-3733	105	56	,	,	PUNCT
ajeer-3733	105	57	among	among	ADP
ajeer-3733	105	58	other	other	ADJ
ajeer-3733	105	59	factors	factor	NOUN
ajeer-3733	105	60	,	,	PUNCT
ajeer-3733	105	61	the	the	DET
ajeer-3733	105	62	country	country	NOUN
ajeer-3733	105	63	risk	risk	NOUN
ajeer-3733	105	64	premium	premium	NOUN
ajeer-3733	105	65	and	and	CCONJ
ajeer-3733	105	66	external	external	ADJ
ajeer-3733	105	67	financial	financial	ADJ
ajeer-3733	105	68	developments	development	NOUN
ajeer-3733	105	69	.	.	PUNCT
ajeer-3733	106	1	another	another	DET
ajeer-3733	106	2	real	real	ADJ
ajeer-3733	106	3	interest	interest	NOUN
ajeer-3733	106	4	rate	rate	NOUN
ajeer-3733	106	5	,	,	PUNCT
ajeer-3733	106	6	𝑟𝑡	𝑟𝑡	NOUN
ajeer-3733	106	7	𝑔𝑜𝑣	𝑔𝑜𝑣	NOUN
ajeer-3733	106	8	,	,	PUNCT
ajeer-3733	106	9	in	in	ADP
ajeer-3733	106	10	the	the	DET
ajeer-3733	106	11	model	model	NOUN
ajeer-3733	106	12	applies	apply	VERB
ajeer-3733	106	13	only	only	ADV
ajeer-3733	106	14	to	to	ADP
ajeer-3733	106	15	concessional	concessional	ADJ
ajeer-3733	106	16	borrowing	borrowing	NOUN
ajeer-3733	106	17	by	by	ADP
ajeer-3733	106	18	the	the	DET
ajeer-3733	106	19	government	government	NOUN
ajeer-3733	106	20	;	;	PUNCT
ajeer-3733	106	21	it	it	PRON
ajeer-3733	106	22	is	be	AUX
ajeer-3733	106	23	low	low	ADJ
ajeer-3733	106	24	and	and	CCONJ
ajeer-3733	106	25	stable	stable	ADJ
ajeer-3733	106	26	.	.	PUNCT
ajeer-3733	107	1	as	as	SCONJ
ajeer-3733	107	2	is	be	AUX
ajeer-3733	107	3	discussed	discuss	VERB
ajeer-3733	107	4	below	below	ADV
ajeer-3733	107	5	,	,	PUNCT
ajeer-3733	107	6	because	because	SCONJ
ajeer-3733	107	7	cambodia	cambodia	PROPN
ajeer-3733	107	8	’s	’s	PART
ajeer-3733	107	9	public	public	ADJ
ajeer-3733	107	10	debt	debt	NOUN
ajeer-3733	107	11	is	be	AUX
ajeer-3733	107	12	all	all	PRON
ajeer-3733	107	13	on	on	ADP
ajeer-3733	107	14	concessional	concessional	ADJ
ajeer-3733	107	15	terms	term	NOUN
ajeer-3733	107	16	,	,	PUNCT
ajeer-3733	107	17	it	it	PRON
ajeer-3733	107	18	is	be	AUX
ajeer-3733	107	19	reasonable	reasonable	ADJ
ajeer-3733	107	20	to	to	PART
ajeer-3733	107	21	disconnect	disconnect	VERB
ajeer-3733	107	22	these	these	DET
ajeer-3733	107	23	two	two	NUM
ajeer-3733	107	24	interest	interest	NOUN
ajeer-3733	107	25	rates	rate	NOUN
ajeer-3733	107	26	,	,	PUNCT
ajeer-3733	107	27	especially	especially	ADV
ajeer-3733	107	28	since	since	SCONJ
ajeer-3733	107	29	the	the	DET
ajeer-3733	107	30	interest	interest	NOUN
ajeer-3733	107	31	rate	rate	NOUN
ajeer-3733	107	32	on	on	ADP
ajeer-3733	107	33	public	public	ADJ
ajeer-3733	107	34	debt	debt	NOUN
ajeer-3733	107	35	was	be	AUX
ajeer-3733	107	36	stable	stable	ADJ
ajeer-3733	107	37	even	even	ADV
ajeer-3733	107	38	through	through	ADP
ajeer-3733	107	39	the	the	DET
ajeer-3733	107	40	global	global	ADJ
ajeer-3733	107	41	financial	financial	ADJ
ajeer-3733	107	42	crisis	crisis	NOUN
ajeer-3733	107	43	(	(	PUNCT
ajeer-3733	107	44	gfc	gfc	NOUN
ajeer-3733	107	45	)	)	PUNCT
ajeer-3733	107	46	.	.	PUNCT
ajeer-3733	108	1	the	the	DET
ajeer-3733	108	2	real	real	ADJ
ajeer-3733	108	3	exchange	exchange	NOUN
ajeer-3733	108	4	rate	rate	NOUN
ajeer-3733	108	5	is	be	AUX
ajeer-3733	108	6	defined	define	VERB
ajeer-3733	108	7	as	as	ADP
ajeer-3733	108	8	the	the	DET
ajeer-3733	108	9	nominal	nominal	ADJ
ajeer-3733	108	10	exchange	exchange	NOUN
ajeer-3733	108	11	rate	rate	NOUN
ajeer-3733	108	12	adjusted	adjust	VERB
ajeer-3733	108	13	for	for	ADP
ajeer-3733	108	14	differences	difference	NOUN
ajeer-3733	108	15	in	in	ADP
ajeer-3733	108	16	domestic	domestic	ADJ
ajeer-3733	108	17	and	and	CCONJ
ajeer-3733	108	18	world	world	NOUN
ajeer-3733	108	19	price	price	NOUN
ajeer-3733	108	20	levels	level	NOUN
ajeer-3733	108	21	,	,	PUNCT
ajeer-3733	108	22	𝑧𝑡	𝑧𝑡	PROPN
ajeer-3733	108	23	=	=	SYM
ajeer-3733	108	24	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	108	25	+	+	CCONJ
ajeer-3733	108	26	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	108	27	∗	∗	NOUN
ajeer-3733	108	28	−	−	PROPN
ajeer-3733	108	29	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	108	30	,	,	PUNCT
ajeer-3733	108	31	where	where	SCONJ
ajeer-3733	108	32	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	108	33	are	be	AUX
ajeer-3733	108	34	units	unit	NOUN
ajeer-3733	108	35	of	of	ADP
ajeer-3733	108	36	domestic	domestic	ADJ
ajeer-3733	108	37	currency	currency	NOUN
ajeer-3733	108	38	(	(	PUNCT
ajeer-3733	108	39	for	for	ADP
ajeer-3733	108	40	cambodia	cambodia	PROPN
ajeer-3733	108	41	,	,	PUNCT
ajeer-3733	108	42	the	the	DET
ajeer-3733	108	43	riel	riel	NOUN
ajeer-3733	108	44	)	)	PUNCT
ajeer-3733	108	45	per	per	ADP
ajeer-3733	108	46	us	us	PROPN
ajeer-3733	108	47	dollar	dollar	NOUN
ajeer-3733	108	48	,	,	PUNCT
ajeer-3733	108	49	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	108	50	∗	∗	NOUN
ajeer-3733	108	51	is	be	AUX
ajeer-3733	108	52	the	the	DET
ajeer-3733	108	53	foreign	foreign	ADJ
ajeer-3733	108	54	and	and	CCONJ
ajeer-3733	108	55	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	108	56	the	the	DET
ajeer-3733	108	57	domestic	domestic	ADJ
ajeer-3733	108	58	cpi	cpi	PROPN
ajeer-3733	108	59	index	index	NOUN
ajeer-3733	108	60	.	.	PUNCT
ajeer-3733	109	1	thus	thus	ADV
ajeer-3733	109	2	,	,	PUNCT
ajeer-3733	109	3	an	an	DET
ajeer-3733	109	4	increase	increase	NOUN
ajeer-3733	109	5	in	in	ADP
ajeer-3733	109	6	𝑧𝑡	𝑧𝑡	PRON
ajeer-3733	109	7	implies	imply	VERB
ajeer-3733	109	8	a	a	DET
ajeer-3733	109	9	more	more	ADV
ajeer-3733	109	10	depreciated	depreciate	VERB
ajeer-3733	109	11	—	—	PUNCT
ajeer-3733	109	12	and	and	CCONJ
ajeer-3733	109	13	a	a	DET
ajeer-3733	109	14	decrease	decrease	NOUN
ajeer-3733	109	15	a	a	DET
ajeer-3733	109	16	more	more	ADV
ajeer-3733	109	17	appreciated	appreciated	ADJ
ajeer-3733	109	18	—	—	PUNCT
ajeer-3733	109	19	domestic	domestic	ADJ
ajeer-3733	109	20	currency	currency	NOUN
ajeer-3733	109	21	in	in	ADP
ajeer-3733	109	22	real	real	ADJ
ajeer-3733	109	23	terms	term	NOUN
ajeer-3733	109	24	.	.	PUNCT
ajeer-3733	110	1	the	the	DET
ajeer-3733	110	2	fiscal	fiscal	ADJ
ajeer-3733	110	3	impulse	impulse	ADJ
ajeer-3733	110	4	,	,	PUNCT
ajeer-3733	110	5	𝑓𝑡	𝑓𝑡	CCONJ
ajeer-3733	110	6	𝑖𝑚𝑝	𝑖𝑚𝑝	NOUN
ajeer-3733	110	7	,	,	PUNCT
ajeer-3733	110	8	defined	define	VERB
ajeer-3733	110	9	as	as	ADP
ajeer-3733	110	10	the	the	DET
ajeer-3733	110	11	change	change	NOUN
ajeer-3733	110	12	in	in	ADP
ajeer-3733	110	13	the	the	DET
ajeer-3733	110	14	cyclically	cyclically	ADV
ajeer-3733	110	15	-	-	PUNCT
ajeer-3733	110	16	adjusted	adjust	VERB
ajeer-3733	110	17	balance	balance	NOUN
ajeer-3733	110	18	,	,	PUNCT
ajeer-3733	110	19	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	110	20	,	,	PUNCT
ajeer-3733	110	21	indicates	indicate	VERB
ajeer-3733	110	22	whether	whether	SCONJ
ajeer-3733	110	23	current	current	ADJ
ajeer-3733	110	24	fiscal	fiscal	ADJ
ajeer-3733	110	25	policy	policy	NOUN
ajeer-3733	110	26	is	be	AUX
ajeer-3733	110	27	adding	add	VERB
ajeer-3733	110	28	to	to	ADP
ajeer-3733	110	29	or	or	CCONJ
ajeer-3733	110	30	subtracting	subtract	VERB
ajeer-3733	110	31	from	from	ADP
ajeer-3733	110	32	aggregate	aggregate	ADJ
ajeer-3733	110	33	demand	demand	NOUN
ajeer-3733	110	34	(	(	PUNCT
ajeer-3733	110	35	see	see	VERB
ajeer-3733	110	36	more	more	ADJ
ajeer-3733	110	37	on	on	ADP
ajeer-3733	110	38	the	the	DET
ajeer-3733	110	39	𝑐𝑎𝑑	𝑐𝑎𝑑	NOUN
ajeer-3733	110	40	variable	variable	NOUN
ajeer-3733	110	41	in	in	ADP
ajeer-3733	110	42	section	section	NOUN
ajeer-3733	110	43	2.d	2.d	NUM
ajeer-3733	110	44	)	)	PUNCT
ajeer-3733	110	45	.	.	PUNCT
ajeer-3733	111	1	the	the	DET
ajeer-3733	111	2	fiscal	fiscal	ADJ
ajeer-3733	111	3	impulse	impulse	NOUN
ajeer-3733	111	4	also	also	ADV
ajeer-3733	111	5	reflects	reflect	VERB
ajeer-3733	111	6	movements	movement	NOUN
ajeer-3733	111	7	in	in	ADP
ajeer-3733	111	8	the	the	DET
ajeer-3733	111	9	debt	debt	NOUN
ajeer-3733	111	10	target	target	NOUN
ajeer-3733	111	11	or	or	CCONJ
ajeer-3733	111	12	the	the	DET
ajeer-3733	111	13	discretionary	discretionary	ADJ
ajeer-3733	111	14	changes	change	NOUN
ajeer-3733	111	15	in	in	ADP
ajeer-3733	111	16	the	the	DET
ajeer-3733	111	17	debt	debt	NOUN
ajeer-3733	111	18	ratio	ratio	NOUN
ajeer-3733	111	19	:	:	PUNCT
ajeer-3733	111	20	𝑓𝑡	𝑓𝑡	PROPN
ajeer-3733	111	21	𝑖𝑚𝑝	𝑖𝑚𝑝	NOUN
ajeer-3733	111	22	=	=	SYM
ajeer-3733	111	23	(	(	PUNCT
ajeer-3733	111	24	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	111	25	−	−	PROPN
ajeer-3733	111	26	𝑐𝑎𝑑𝑡−1	𝑐𝑎𝑑𝑡−1	ADJ
ajeer-3733	111	27	)	)	PUNCT
ajeer-3733	111	28	+	+	CCONJ
ajeer-3733	111	29	𝑓4𝜀𝑡	𝑓4𝜀𝑡	X
ajeer-3733	111	30	𝑏𝑡𝑎𝑟	𝑏𝑡𝑎𝑟	NOUN
ajeer-3733	111	31	±	±	NUM
ajeer-3733	111	32	𝑓5𝜀𝑡	𝑓5𝜀𝑡	PUNCT
ajeer-3733	111	33	𝑏	𝑏	NOUN
ajeer-3733	111	34	,	,	PUNCT
ajeer-3733	111	35	(	(	PUNCT
ajeer-3733	111	36	3	3	X
ajeer-3733	111	37	)	)	PUNCT
ajeer-3733	111	38	where	where	SCONJ
ajeer-3733	111	39	𝜀𝑡	𝜀𝑡	PROPN
ajeer-3733	111	40	𝑏𝑡𝑎𝑟	𝑏𝑡𝑎𝑟	PROPN
ajeer-3733	111	41	is	be	AUX
ajeer-3733	111	42	a	a	DET
ajeer-3733	111	43	shock	shock	NOUN
ajeer-3733	111	44	to	to	ADP
ajeer-3733	111	45	the	the	DET
ajeer-3733	111	46	debt	debt	NOUN
ajeer-3733	111	47	target	target	NOUN
ajeer-3733	111	48	and	and	CCONJ
ajeer-3733	111	49	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	111	50	𝑏	𝑏	PRON
ajeer-3733	111	51	a	a	DET
ajeer-3733	111	52	shock	shock	NOUN
ajeer-3733	111	53	to	to	ADP
ajeer-3733	111	54	the	the	DET
ajeer-3733	111	55	debt	debt	NOUN
ajeer-3733	111	56	ratio	ratio	NOUN
ajeer-3733	111	57	.	.	PUNCT
ajeer-3733	112	1	the	the	DET
ajeer-3733	112	2	former	former	ADJ
ajeer-3733	112	3	makes	make	VERB
ajeer-3733	112	4	it	it	PRON
ajeer-3733	112	5	possible	possible	ADJ
ajeer-3733	112	6	to	to	PART
ajeer-3733	112	7	capture	capture	VERB
ajeer-3733	112	8	the	the	DET
ajeer-3733	112	9	expansionary	expansionary	ADJ
ajeer-3733	112	10	effect	effect	NOUN
ajeer-3733	112	11	of	of	ADP
ajeer-3733	112	12	an	an	DET
ajeer-3733	112	13	announcement	announcement	NOUN
ajeer-3733	112	14	of	of	ADP
ajeer-3733	112	15	a	a	DET
ajeer-3733	112	16	higher	high	ADJ
ajeer-3733	112	17	or	or	CCONJ
ajeer-3733	112	18	lower	low	ADJ
ajeer-3733	112	19	debt	debt	NOUN
ajeer-3733	112	20	target	target	NOUN
ajeer-3733	112	21	—	—	PUNCT
ajeer-3733	112	22	the	the	DET
ajeer-3733	112	23	agents	agent	NOUN
ajeer-3733	112	24	will	will	AUX
ajeer-3733	112	25	expect	expect	VERB
ajeer-3733	112	26	a	a	DET
ajeer-3733	112	27	sequence	sequence	NOUN
ajeer-3733	112	28	of	of	ADP
ajeer-3733	112	29	corresponding	correspond	VERB
ajeer-3733	112	30	positive	positive	ADJ
ajeer-3733	112	31	or	or	CCONJ
ajeer-3733	112	32	negative	negative	ADJ
ajeer-3733	112	33	future	future	ADJ
ajeer-3733	112	34	fiscal	fiscal	ADJ
ajeer-3733	112	35	impulses	impulse	NOUN
ajeer-3733	112	36	and	and	CCONJ
ajeer-3733	112	37	adjust	adjust	VERB
ajeer-3733	112	38	their	their	PRON
ajeer-3733	112	39	expected	expect	VERB
ajeer-3733	112	40	spending	spending	NOUN
ajeer-3733	112	41	accordingly	accordingly	ADV
ajeer-3733	112	42	.	.	PUNCT
ajeer-3733	113	1	the	the	DET
ajeer-3733	113	2	latter	latter	ADJ
ajeer-3733	113	3	makes	make	VERB
ajeer-3733	113	4	it	it	PRON
ajeer-3733	113	5	possible	possible	ADJ
ajeer-3733	113	6	to	to	PART
ajeer-3733	113	7	model	model	VERB
ajeer-3733	113	8	the	the	DET
ajeer-3733	113	9	impact	impact	NOUN
ajeer-3733	113	10	of	of	ADP
ajeer-3733	113	11	debt	debt	NOUN
ajeer-3733	113	12	changes	change	NOUN
ajeer-3733	113	13	as	as	ADP
ajeer-3733	113	14	either	either	CCONJ
ajeer-3733	113	15	traditional	traditional	ADJ
ajeer-3733	113	16	keynesian	keynesian	ADJ
ajeer-3733	113	17	contractionary	contractionary	ADJ
ajeer-3733	113	18	stabilizations	stabilization	NOUN
ajeer-3733	113	19	(	(	PUNCT
ajeer-3733	113	20	𝑓5	𝑓5	NOUN
ajeer-3733	113	21	>	>	X
ajeer-3733	113	22	0	0	NUM
ajeer-3733	113	23	)	)	PUNCT
ajeer-3733	113	24	or	or	CCONJ
ajeer-3733	113	25	non	non	ADJ
ajeer-3733	113	26	-	-	ADJ
ajeer-3733	113	27	keynesian	keynesian	ADJ
ajeer-3733	113	28	expansionary	expansionary	ADJ
ajeer-3733	113	29	stabilizations	stabilization	NOUN
ajeer-3733	113	30	(	(	PUNCT
ajeer-3733	113	31	𝑓5	𝑓5	NOUN
ajeer-3733	113	32	<	<	X
ajeer-3733	113	33	0	0	NUM
ajeer-3733	113	34	)	)	PUNCT
ajeer-3733	113	35	,	,	PUNCT
ajeer-3733	113	36	as	as	SCONJ
ajeer-3733	113	37	defined	define	VERB
ajeer-3733	113	38	by	by	ADP
ajeer-3733	113	39	alesina	alesina	NOUN
ajeer-3733	113	40	and	and	CCONJ
ajeer-3733	113	41	ardagna	ardagna	PROPN
ajeer-3733	113	42	(	(	PUNCT
ajeer-3733	113	43	2010	2010	NUM
ajeer-3733	113	44	)	)	PUNCT
ajeer-3733	113	45	.	.	PUNCT
ajeer-3733	114	1	while	while	SCONJ
ajeer-3733	114	2	the	the	DET
ajeer-3733	114	3	model	model	NOUN
ajeer-3733	114	4	does	do	AUX
ajeer-3733	114	5	not	not	PART
ajeer-3733	114	6	detail	detail	VERB
ajeer-3733	114	7	the	the	DET
ajeer-3733	114	8	transmission	transmission	NOUN
ajeer-3733	114	9	mechanism	mechanism	NOUN
ajeer-3733	114	10	,	,	PUNCT
ajeer-3733	114	11	based	base	VERB
ajeer-3733	114	12	on	on	ADP
ajeer-3733	114	13	expert	expert	ADJ
ajeer-3733	114	14	judgment	judgment	NOUN
ajeer-3733	114	15	it	it	PRON
ajeer-3733	114	16	is	be	AUX
ajeer-3733	114	17	possible	possible	ADJ
ajeer-3733	114	18	to	to	PART
ajeer-3733	114	19	design	design	VERB
ajeer-3733	114	20	fiscal	fiscal	ADJ
ajeer-3733	114	21	stabilization	stabilization	NOUN
ajeer-3733	114	22	scenarios	scenario	NOUN
ajeer-3733	114	23	as	as	ADP
ajeer-3733	114	24	contractionary	contractionary	ADJ
ajeer-3733	114	25	,	,	PUNCT
ajeer-3733	114	26	expansionary	expansionary	ADJ
ajeer-3733	114	27	,	,	PUNCT
ajeer-3733	114	28	or	or	CCONJ
ajeer-3733	114	29	growth	growth	NOUN
ajeer-3733	114	30	-	-	PUNCT
ajeer-3733	114	31	neutral	neutral	ADJ
ajeer-3733	114	32	(	(	PUNCT
ajeer-3733	114	33	𝑓5	𝑓5	NOUN
ajeer-3733	114	34	=	=	PUNCT
ajeer-3733	114	35	0).5	0).5	NUM
ajeer-3733	114	36	monetary	monetary	ADJ
ajeer-3733	114	37	policy	policy	NOUN
ajeer-3733	114	38	affects	affect	VERB
ajeer-3733	114	39	aggregate	aggregate	ADJ
ajeer-3733	114	40	demand	demand	NOUN
ajeer-3733	114	41	through	through	ADP
ajeer-3733	114	42	the	the	DET
ajeer-3733	114	43	real	real	ADJ
ajeer-3733	114	44	exchange	exchange	NOUN
ajeer-3733	114	45	rate	rate	NOUN
ajeer-3733	114	46	and	and	CCONJ
ajeer-3733	114	47	the	the	DET
ajeer-3733	114	48	real	real	ADJ
ajeer-3733	114	49	interest	interest	NOUN
ajeer-3733	114	50	rate	rate	NOUN
ajeer-3733	114	51	gaps	gap	NOUN
ajeer-3733	114	52	,	,	PUNCT
ajeer-3733	114	53	as	as	SCONJ
ajeer-3733	114	54	aggregated	aggregate	VERB
ajeer-3733	114	55	in	in	ADP
ajeer-3733	114	56	the	the	DET
ajeer-3733	114	57	monetary	monetary	ADJ
ajeer-3733	114	58	conditions	condition	NOUN
ajeer-3733	114	59	index	index	NOUN
ajeer-3733	114	60	,	,	PUNCT
ajeer-3733	114	61	𝑚𝑐𝑖𝑡	𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	114	62	.	.	PUNCT
ajeer-3733	115	1	tighter	tight	ADJ
ajeer-3733	115	2	monetary	monetary	ADJ
ajeer-3733	115	3	policy	policy	NOUN
ajeer-3733	115	4	(	(	PUNCT
ajeer-3733	115	5	a	a	DET
ajeer-3733	115	6	higher	high	ADJ
ajeer-3733	115	7	𝑚𝑐𝑖𝑡	𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	115	8	)	)	PUNCT
ajeer-3733	115	9	reduces	reduce	VERB
ajeer-3733	115	10	the	the	DET
ajeer-3733	115	11	output	output	NOUN
ajeer-3733	115	12	gap	gap	NOUN
ajeer-3733	115	13	either	either	CCONJ
ajeer-3733	115	14	through	through	ADP
ajeer-3733	115	15	a	a	DET
ajeer-3733	115	16	higher	high	ADJ
ajeer-3733	115	17	real	real	ADJ
ajeer-3733	115	18	interest	interest	NOUN
ajeer-3733	115	19	rate	rate	NOUN
ajeer-3733	115	20	(	(	PUNCT
ajeer-3733	115	21	a	a	DET
ajeer-3733	115	22	higher	high	ADJ
ajeer-3733	115	23	�	�	NOUN
ajeer-3733	115	24	̂	̂	NOUN
ajeer-3733	115	25	�	�	NOUN
ajeer-3733	115	26	𝑡	𝑡	NOUN
ajeer-3733	115	27	)	)	PUNCT
ajeer-3733	115	28	or	or	CCONJ
ajeer-3733	115	29	an	an	DET
ajeer-3733	115	30	appreciated	appreciated	ADJ
ajeer-3733	115	31	real	real	ADJ
ajeer-3733	115	32	exchange	exchange	NOUN
ajeer-3733	115	33	rate	rate	NOUN
ajeer-3733	115	34	(	(	PUNCT
ajeer-3733	115	35	a	a	DET
ajeer-3733	115	36	lower	low	ADJ
ajeer-3733	115	37	�	�	NOUN
ajeer-3733	115	38	̂	̂	NOUN
ajeer-3733	115	39	�	�	NOUN
ajeer-3733	115	40	𝑡	𝑡	NOUN
ajeer-3733	115	41	)	)	PUNCT
ajeer-3733	115	42	.	.	PUNCT
ajeer-3733	116	1	fiscal	fiscal	ADJ
ajeer-3733	116	2	policy	policy	NOUN
ajeer-3733	116	3	directly	directly	ADV
ajeer-3733	116	4	affects	affect	VERB
ajeer-3733	116	5	aggregate	aggregate	ADJ
ajeer-3733	116	6	demand	demand	NOUN
ajeer-3733	116	7	through	through	ADP
ajeer-3733	116	8	the	the	DET
ajeer-3733	116	9	fiscal	fiscal	ADJ
ajeer-3733	116	10	impulse	impulse	NOUN
ajeer-3733	116	11	—	—	PUNCT
ajeer-3733	116	12	the	the	DET
ajeer-3733	116	13	parameter	parameter	NOUN
ajeer-3733	116	14	𝑎4	𝑎4	PROPN
ajeer-3733	116	15	is	be	AUX
ajeer-3733	116	16	very	very	ADV
ajeer-3733	116	17	close	close	ADJ
ajeer-3733	116	18	to	to	ADP
ajeer-3733	116	19	the	the	DET
ajeer-3733	116	20	impact	impact	NOUN
ajeer-3733	116	21	multiplier	multiplier	ADV
ajeer-3733	116	22	(	(	PUNCT
ajeer-3733	116	23	see	see	VERB
ajeer-3733	116	24	appendix	appendix	NOUN
ajeer-3733	116	25	b	b	NOUN
ajeer-3733	116	26	for	for	ADP
ajeer-3733	116	27	a	a	DET
ajeer-3733	116	28	discussion	discussion	NOUN
ajeer-3733	116	29	of	of	ADP
ajeer-3733	116	30	the	the	DET
ajeer-3733	116	31	value	value	NOUN
ajeer-3733	116	32	of	of	ADP
ajeer-3733	116	33	the	the	DET
ajeer-3733	116	34	multiplier	multipli	ADJ
ajeer-3733	116	35	)	)	PUNCT
ajeer-3733	116	36	.	.	PUNCT
ajeer-3733	117	1	b.	b.	PROPN
ajeer-3733	117	2	aggregate	aggregate	ADJ
ajeer-3733	117	3	supply	supply	NOUN
ajeer-3733	117	4	the	the	DET
ajeer-3733	117	5	aggregate	aggregate	ADJ
ajeer-3733	117	6	supply	supply	NOUN
ajeer-3733	117	7	block	block	NOUN
ajeer-3733	117	8	,	,	PUNCT
ajeer-3733	117	9	the	the	DET
ajeer-3733	117	10	phillips	phillip	NOUN
ajeer-3733	117	11	curve	curve	NOUN
ajeer-3733	117	12	,	,	PUNCT
ajeer-3733	117	13	links	link	VERB
ajeer-3733	117	14	inflation	inflation	NOUN
ajeer-3733	117	15	to	to	ADP
ajeer-3733	117	16	adaptive	adaptive	ADJ
ajeer-3733	117	17	and	and	CCONJ
ajeer-3733	117	18	forward	forward	ADV
ajeer-3733	117	19	-	-	PUNCT
ajeer-3733	117	20	looking	look	VERB
ajeer-3733	117	21	expectations	expectation	NOUN
ajeer-3733	117	22	of	of	ADP
ajeer-3733	117	23	inflation	inflation	NOUN
ajeer-3733	117	24	,	,	PUNCT
ajeer-3733	117	25	real	real	ADJ
ajeer-3733	117	26	marginal	marginal	ADJ
ajeer-3733	117	27	costs	cost	NOUN
ajeer-3733	117	28	,	,	PUNCT
ajeer-3733	117	29	and	and	CCONJ
ajeer-3733	117	30	oil	oil	NOUN
ajeer-3733	117	31	prices	price	NOUN
ajeer-3733	117	32	:	:	PUNCT
ajeer-3733	117	33	𝜋𝑡	𝜋𝑡	NOUN
ajeer-3733	117	34	=	=	SYM
ajeer-3733	117	35	𝑏1𝜋𝑡−1	𝑏1𝜋𝑡−1	NUM
ajeer-3733	117	36	+	+	CCONJ
ajeer-3733	117	37	(	(	PUNCT
ajeer-3733	117	38	1	1	NUM
ajeer-3733	117	39	−	−	NOUN
ajeer-3733	117	40	𝑏1)𝐸𝑡𝜋𝑡+1	𝑏1)𝐸𝑡𝜋𝑡+1	NOUN
ajeer-3733	117	41	+	+	CCONJ
ajeer-3733	117	42	𝑏2𝑟𝑚𝑐𝑡	𝑏2𝑟𝑚𝑐𝑡	PROPN
ajeer-3733	117	43	+	+	CCONJ
ajeer-3733	117	44	𝑏3δ𝑜𝑖𝑙𝑡	𝑏3δ𝑜𝑖𝑙𝑡	PROPN
ajeer-3733	117	45	+	+	CCONJ
ajeer-3733	117	46	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	117	47	𝜋	𝜋	NOUN
ajeer-3733	117	48	,	,	PUNCT
ajeer-3733	117	49	(	(	PUNCT
ajeer-3733	117	50	4	4	X
ajeer-3733	117	51	)	)	PUNCT
ajeer-3733	117	52	𝑟𝑚𝑐𝑡	𝑟𝑚𝑐𝑡	NOUN
ajeer-3733	117	53	=	=	SYM
ajeer-3733	117	54	𝑏4	𝑏4	PROPN
ajeer-3733	117	55	�	�	PROPN
ajeer-3733	117	56	̂	̂	NOUN
ajeer-3733	117	57	�	�	NOUN
ajeer-3733	117	58	𝑡	𝑡	VERB
ajeer-3733	117	59	+	+	X
ajeer-3733	117	60	(	(	PUNCT
ajeer-3733	117	61	1	1	NUM
ajeer-3733	117	62	−	−	PROPN
ajeer-3733	117	63	𝑏4)	𝑏4)	PROPN
ajeer-3733	117	64	�	�	PROPN
ajeer-3733	117	65	̂	̂	NOUN
ajeer-3733	117	66	�	�	NOUN
ajeer-3733	118	1	𝑡.	𝑡.	NOUN
ajeer-3733	118	2	(	(	PUNCT
ajeer-3733	118	3	5	5	NUM
ajeer-3733	118	4	)	)	PUNCT
ajeer-3733	118	5	current	current	ADJ
ajeer-3733	118	6	period	period	NOUN
ajeer-3733	118	7	inflation	inflation	NOUN
ajeer-3733	118	8	,	,	PUNCT
ajeer-3733	118	9	𝜋𝑡	𝜋𝑡	NOUN
ajeer-3733	118	10	,	,	PUNCT
ajeer-3733	118	11	depends	depend	VERB
ajeer-3733	118	12	on	on	ADP
ajeer-3733	118	13	forward	forward	ADV
ajeer-3733	118	14	-	-	PUNCT
ajeer-3733	118	15	looking	look	VERB
ajeer-3733	118	16	inflation	inflation	NOUN
ajeer-3733	118	17	expectations	expectation	NOUN
ajeer-3733	118	18	(	(	PUNCT
ajeer-3733	118	19	𝐸𝑡𝜋𝑡+1	𝐸𝑡𝜋𝑡+1	NOUN
ajeer-3733	118	20	)	)	PUNCT
ajeer-3733	118	21	,	,	PUNCT
ajeer-3733	118	22	backward	backward	ADV
ajeer-3733	118	23	-	-	PUNCT
ajeer-3733	118	24	looking	look	VERB
ajeer-3733	118	25	expectations	expectation	NOUN
ajeer-3733	118	26	(	(	PUNCT
ajeer-3733	118	27	𝜋𝑡−1	𝜋𝑡−1	PROPN
ajeer-3733	118	28	)	)	PUNCT
ajeer-3733	118	29	,	,	PUNCT
ajeer-3733	118	30	the	the	DET
ajeer-3733	118	31	real	real	ADJ
ajeer-3733	118	32	marginal	marginal	ADJ
ajeer-3733	118	33	costs	cost	NOUN
ajeer-3733	118	34	(	(	PUNCT
ajeer-3733	118	35	𝑟𝑚𝑐𝑡	𝑟𝑚𝑐𝑡	NOUN
ajeer-3733	118	36	)	)	PUNCT
ajeer-3733	118	37	,	,	PUNCT
ajeer-3733	118	38	and	and	CCONJ
ajeer-3733	118	39	a	a	DET
ajeer-3733	118	40	change	change	NOUN
ajeer-3733	118	41	in	in	ADP
ajeer-3733	118	42	dollar	dollar	NOUN
ajeer-3733	118	43	-	-	PUNCT
ajeer-3733	118	44	denominated	denominate	VERB
ajeer-3733	118	45	oil	oil	NOUN
ajeer-3733	118	46	prices	price	NOUN
ajeer-3733	118	47	adjusted	adjust	VERB
ajeer-3733	118	48	for	for	ADP
ajeer-3733	118	49	exchange	exchange	NOUN
ajeer-3733	118	50	rate	rate	NOUN
ajeer-3733	118	51	appreciation	appreciation	NOUN
ajeer-3733	118	52	or	or	CCONJ
ajeer-3733	118	53	depreciation	depreciation	NOUN
ajeer-3733	118	54	,	,	PUNCT
ajeer-3733	118	55	δ𝑜𝑖𝑙𝑡.	δ𝑜𝑖𝑙𝑡.	VERB
ajeer-3733	118	56	the	the	DET
ajeer-3733	118	57	term	term	NOUN
ajeer-3733	118	58	𝑟𝑚𝑐	𝑟𝑚𝑐	PRON
ajeer-3733	118	59	captures	capture	VERB
ajeer-3733	118	60	the	the	DET
ajeer-3733	118	61	weighted	weighted	ADJ
ajeer-3733	118	62	average	average	NOUN
ajeer-3733	118	63	of	of	ADP
ajeer-3733	118	64	the	the	DET
ajeer-3733	118	65	real	real	ADJ
ajeer-3733	118	66	exchange	exchange	NOUN
ajeer-3733	118	67	rate	rate	NOUN
ajeer-3733	118	68	gap	gap	NOUN
ajeer-3733	118	69	and	and	CCONJ
ajeer-3733	118	70	the	the	DET
ajeer-3733	118	71	output	output	NOUN
ajeer-3733	118	72	gap	gap	NOUN
ajeer-3733	118	73	;	;	PUNCT
ajeer-3733	118	74	in	in	ADP
ajeer-3733	118	75	general	general	ADJ
ajeer-3733	118	76	,	,	PUNCT
ajeer-3733	118	77	one	one	PRON
ajeer-3733	118	78	can	can	AUX
ajeer-3733	118	79	relate	relate	VERB
ajeer-3733	118	80	the	the	DET
ajeer-3733	118	81	real	real	ADJ
ajeer-3733	118	82	marginal	marginal	ADJ
ajeer-3733	118	83	cost	cost	NOUN
ajeer-3733	118	84	for	for	ADP
ajeer-3733	118	85	domestic	domestic	ADJ
ajeer-3733	118	86	producers	producer	NOUN
ajeer-3733	118	87	to	to	ADP
ajeer-3733	118	88	the	the	DET
ajeer-3733	118	89	output	output	NOUN
ajeer-3733	118	90	gap	gap	NOUN
ajeer-3733	118	91	,	,	PUNCT
ajeer-3733	118	92	�	�	PROPN
ajeer-3733	118	93	̂	̂	NOUN
ajeer-3733	118	94	�	�	NOUN
ajeer-3733	118	95	𝑡	𝑡	NOUN
ajeer-3733	118	96	,	,	PUNCT
ajeer-3733	118	97	and	and	CCONJ
ajeer-3733	118	98	that	that	SCONJ
ajeer-3733	118	99	for	for	SCONJ
ajeer-3733	118	100	importers	importer	NOUN
ajeer-3733	118	101	to	to	ADP
ajeer-3733	118	102	the	the	DET
ajeer-3733	118	103	real	real	ADJ
ajeer-3733	118	104	exchange	exchange	NOUN
ajeer-3733	118	105	rate	rate	NOUN
ajeer-3733	118	106	gap	gap	NOUN
ajeer-3733	118	107	,	,	PUNCT
ajeer-3733	118	108	�	�	NOUN
ajeer-3733	118	109	̂	̂	NOUN
ajeer-3733	118	110	�	�	NOUN
ajeer-3733	118	111	𝑡.	𝑡.	NOUN
ajeer-3733	118	112	the	the	DET
ajeer-3733	118	113	calibrated	calibrate	VERB
ajeer-3733	118	114	value	value	NOUN
ajeer-3733	118	115	of	of	ADP
ajeer-3733	118	116	𝑏1	𝑏1	NOUN
ajeer-3733	118	117	is	be	AUX
ajeer-3733	118	118	our	our	PRON
ajeer-3733	118	119	best	good	ADJ
ajeer-3733	118	120	guess	guess	NOUN
ajeer-3733	118	121	of	of	ADP
ajeer-3733	118	122	the	the	DET
ajeer-3733	118	123	share	share	NOUN
ajeer-3733	118	124	of	of	ADP
ajeer-3733	118	125	backward	backward	ADV
ajeer-3733	118	126	-	-	PUNCT
ajeer-3733	118	127	looking	look	VERB
ajeer-3733	118	128	agents	agent	NOUN
ajeer-3733	118	129	in	in	ADP
ajeer-3733	118	130	the	the	DET
ajeer-3733	118	131	price	price	NOUN
ajeer-3733	118	132	-	-	PUNCT
ajeer-3733	118	133	setting	set	VERB
ajeer-3733	118	134	process	process	NOUN
ajeer-3733	118	135	.	.	PUNCT
ajeer-3733	119	1	the	the	DET
ajeer-3733	119	2	product	product	NOUN
ajeer-3733	119	3	𝑏2	𝑏2	PROPN
ajeer-3733	119	4	∙	∙	PROPN
ajeer-3733	119	5	𝑏4	𝑏4	PROPN
ajeer-3733	119	6	measures	measure	VERB
ajeer-3733	119	7	the	the	DET
ajeer-3733	119	8	slope	slope	NOUN
ajeer-3733	119	9	of	of	ADP
ajeer-3733	119	10	the	the	DET
ajeer-3733	119	11	phillips	phillip	NOUN
ajeer-3733	119	12	curve	curve	NOUN
ajeer-3733	119	13	with	with	ADP
ajeer-3733	119	14	respect	respect	NOUN
ajeer-3733	119	15	to	to	ADP
ajeer-3733	119	16	the	the	DET
ajeer-3733	119	17	output	output	NOUN
ajeer-3733	119	18	gap	gap	NOUN
ajeer-3733	119	19	.	.	PUNCT
ajeer-3733	120	1	as	as	SCONJ
ajeer-3733	120	2	is	be	AUX
ajeer-3733	120	3	common	common	ADJ
ajeer-3733	120	4	in	in	ADP
ajeer-3733	120	5	models	model	NOUN
ajeer-3733	120	6	that	that	PRON
ajeer-3733	120	7	are	be	AUX
ajeer-3733	120	8	designed	design	VERB
ajeer-3733	120	9	to	to	PART
ajeer-3733	120	10	capture	capture	VERB
ajeer-3733	120	11	business	business	NOUN
ajeer-3733	120	12	cycle	cycle	NOUN
ajeer-3733	120	13	fluctuations	fluctuation	NOUN
ajeer-3733	120	14	,	,	PUNCT
ajeer-3733	120	15	aggregate	aggregate	ADJ
ajeer-3733	120	16	supply	supply	NOUN
ajeer-3733	120	17	is	be	AUX
ajeer-3733	120	18	largely	largely	ADV
ajeer-3733	120	19	an	an	DET
ajeer-3733	120	20	exogenous	exogenous	ADJ
ajeer-3733	120	21	process	process	NOUN
ajeer-3733	120	22	.	.	PUNCT
ajeer-3733	121	1	the	the	DET
ajeer-3733	121	2	economy	economy	NOUN
ajeer-3733	121	3	grows	grow	VERB
ajeer-3733	121	4	along	along	ADP
ajeer-3733	121	5	a	a	DET
ajeer-3733	121	6	calibrated	calibrate	VERB
ajeer-3733	121	7	potential	potential	ADJ
ajeer-3733	121	8	output	output	NOUN
ajeer-3733	121	9	path	path	NOUN
ajeer-3733	121	10	that	that	PRON
ajeer-3733	121	11	can	can	AUX
ajeer-3733	121	12	be	be	AUX
ajeer-3733	121	13	altered	alter	VERB
ajeer-3733	121	14	only	only	ADV
ajeer-3733	121	15	marginally	marginally	ADV
ajeer-3733	121	16	by	by	ADP
ajeer-3733	121	17	movements	movement	NOUN
ajeer-3733	121	18	in	in	ADP
ajeer-3733	121	19	the	the	DET
ajeer-3733	121	20	equilibrium	equilibrium	NOUN
ajeer-3733	121	21	real	real	ADJ
ajeer-3733	121	22	interest	interest	NOUN
ajeer-3733	121	23	rate	rate	NOUN
ajeer-3733	121	24	.	.	PUNCT
ajeer-3733	122	1	specifically	specifically	ADV
ajeer-3733	122	2	,	,	PUNCT
ajeer-3733	122	3	in	in	ADP
ajeer-3733	122	4	our	our	PRON
ajeer-3733	122	5	model	model	NOUN
ajeer-3733	122	6	,	,	PUNCT
ajeer-3733	122	7	higher	high	ADJ
ajeer-3733	122	8	-	-	PUNCT
ajeer-3733	122	9	than	than	ADP
ajeer-3733	122	10	-	-	PUNCT
ajeer-3733	122	11	targeted	target	VERB
ajeer-3733	122	12	public	public	ADJ
ajeer-3733	122	13	debt	debt	NOUN
ajeer-3733	122	14	raises	raise	VERB
ajeer-3733	122	15	both	both	CCONJ
ajeer-3733	122	16	the	the	DET
ajeer-3733	122	17	country	country	NOUN
ajeer-3733	122	18	risk	risk	NOUN
ajeer-3733	122	19	premium	premium	NOUN
ajeer-3733	122	20	and	and	CCONJ
ajeer-3733	122	21	the	the	DET
ajeer-3733	122	22	equilibrium	equilibrium	NOUN
ajeer-3733	122	23	interest	interest	NOUN
ajeer-3733	122	24	rate	rate	NOUN
ajeer-3733	122	25	,	,	PUNCT
ajeer-3733	122	26	thus	thus	ADV
ajeer-3733	122	27	depressing	depress	VERB
ajeer-3733	122	28	the	the	DET
ajeer-3733	122	29	rate	rate	NOUN
ajeer-3733	122	30	of	of	ADP
ajeer-3733	122	31	growth	growth	NOUN
ajeer-3733	122	32	of	of	ADP
ajeer-3733	122	33	potential	potential	ADJ
ajeer-3733	122	34	output	output	NOUN
ajeer-3733	122	35	.	.	PUNCT
ajeer-3733	123	1	we	we	PRON
ajeer-3733	123	2	discuss	discuss	VERB
ajeer-3733	123	3	the	the	DET
ajeer-3733	123	4	debt	debt	NOUN
ajeer-3733	123	5	-	-	PUNCT
ajeer-3733	123	6	to	to	ADP
ajeer-3733	123	7	-	-	PUNCT
ajeer-3733	123	8	potential	potential	ADJ
ajeer-3733	123	9	-	-	PUNCT
ajeer-3733	123	10	growth	growth	NOUN
ajeer-3733	123	11	nexus	nexus	NOUN
ajeer-3733	123	12	in	in	ADP
ajeer-3733	123	13	section	section	NOUN
ajeer-3733	123	14	2.d	2.d	NUM
ajeer-3733	123	15	.	.	PUNCT
ajeer-3733	124	1	c.	c.	NOUN
ajeer-3733	125	1	the	the	DET
ajeer-3733	125	2	exchange	exchange	NOUN
ajeer-3733	125	3	rate	rate	NOUN
ajeer-3733	125	4	,	,	PUNCT
ajeer-3733	125	5	uncovered	uncover	VERB
ajeer-3733	125	6	interest	interest	NOUN
ajeer-3733	125	7	rate	rate	NOUN
ajeer-3733	125	8	parity	parity	NOUN
ajeer-3733	125	9	,	,	PUNCT
ajeer-3733	125	10	and	and	CCONJ
ajeer-3733	125	11	the	the	DET
ajeer-3733	125	12	policy	policy	NOUN
ajeer-3733	125	13	reaction	reaction	NOUN
ajeer-3733	125	14	function	function	NOUN
ajeer-3733	125	15	exchange	exchange	NOUN
ajeer-3733	125	16	rate	rate	NOUN
ajeer-3733	125	17	regimes	regime	NOUN
ajeer-3733	125	18	require	require	VERB
ajeer-3733	125	19	appropriate	appropriate	ADJ
ajeer-3733	125	20	equations	equation	NOUN
ajeer-3733	125	21	to	to	PART
ajeer-3733	125	22	capture	capture	VERB
ajeer-3733	125	23	their	their	PRON
ajeer-3733	125	24	role	role	NOUN
ajeer-3733	125	25	.	.	PUNCT
ajeer-3733	126	1	moreover	moreover	ADV
ajeer-3733	126	2	,	,	PUNCT
ajeer-3733	126	3	the	the	DET
ajeer-3733	126	4	specifications	specification	NOUN
ajeer-3733	126	5	must	must	AUX
ajeer-3733	126	6	be	be	AUX
ajeer-3733	126	7	consistent	consistent	ADJ
ajeer-3733	126	8	with	with	ADP
ajeer-3733	126	9	the	the	DET
ajeer-3733	126	10	monetary	monetary	ADJ
ajeer-3733	126	11	policy	policy	NOUN
ajeer-3733	126	12	regime.6	regime.6	ADP
ajeer-3733	126	13	fortunately	fortunately	ADV
ajeer-3733	126	14	,	,	PUNCT
ajeer-3733	126	15	there	there	PRON
ajeer-3733	126	16	are	be	VERB
ajeer-3733	126	17	tested	test	VERB
ajeer-3733	126	18	versions	version	NOUN
ajeer-3733	126	19	of	of	ADP
ajeer-3733	126	20	these	these	DET
ajeer-3733	126	21	equations	equation	NOUN
ajeer-3733	126	22	for	for	ADP
ajeer-3733	126	23	all	all	DET
ajeer-3733	126	24	regime	regime	NOUN
ajeer-3733	126	25	combinations	combination	NOUN
ajeer-3733	126	26	.	.	PUNCT
ajeer-3733	127	1	cambodia	cambodia	PROPN
ajeer-3733	127	2	’s	’s	PART
ajeer-3733	127	3	combination	combination	NOUN
ajeer-3733	127	4	is	be	AUX
ajeer-3733	127	5	straightforward	straightforward	ADJ
ajeer-3733	127	6	:	:	PUNCT
ajeer-3733	127	7	a	a	DET
ajeer-3733	127	8	heavily	heavily	ADV
ajeer-3733	127	9	managed	manage	VERB
ajeer-3733	127	10	exchange	exchange	NOUN
ajeer-3733	127	11	rate	rate	NOUN
ajeer-3733	127	12	with	with	ADP
ajeer-3733	127	13	an	an	DET
ajeer-3733	127	14	open	open	ADJ
ajeer-3733	127	15	capital	capital	NOUN
ajeer-3733	127	16	account	account	NOUN
ajeer-3733	127	17	.	.	PUNCT
ajeer-3733	128	1	from	from	ADP
ajeer-3733	128	2	mid-2008	mid-2008	NOUN
ajeer-3733	128	3	,	,	PUNCT
ajeer-3733	128	4	the	the	DET
ajeer-3733	128	5	riel	riel	PROPN
ajeer-3733	128	6	-	-	PUNCT
ajeer-3733	128	7	to	to	ADP
ajeer-3733	128	8	-	-	PUNCT
ajeer-3733	128	9	dollar	dollar	NOUN
ajeer-3733	128	10	rate	rate	NOUN
ajeer-3733	128	11	has	have	AUX
ajeer-3733	128	12	oscillated	oscillate	VERB
ajeer-3733	128	13	around	around	ADP
ajeer-3733	128	14	a	a	DET
ajeer-3733	128	15	mean	mean	NOUN
ajeer-3733	128	16	of	of	ADP
ajeer-3733	128	17	about	about	ADP
ajeer-3733	128	18	4,050	4,050	NUM
ajeer-3733	128	19	riels	riel	NOUN
ajeer-3733	128	20	,	,	PUNCT
ajeer-3733	128	21	we	we	PRON
ajeer-3733	128	22	thus	thus	ADV
ajeer-3733	128	23	treat	treat	VERB
ajeer-3733	128	24	this	this	DET
ajeer-3733	128	25	4	4	NUM
ajeer-3733	128	26	see	see	VERB
ajeer-3733	128	27	bulíř	bulíř	NOUN
ajeer-3733	128	28	and	and	CCONJ
ajeer-3733	128	29	vlček	vlček	PROPN
ajeer-3733	128	30	(	(	PUNCT
ajeer-3733	128	31	2021	2021	NUM
ajeer-3733	128	32	)	)	PUNCT
ajeer-3733	128	33	.	.	PUNCT
ajeer-3733	129	1	assumption	assumption	NOUN
ajeer-3733	129	2	of	of	ADP
ajeer-3733	129	3	a	a	DET
ajeer-3733	129	4	stable	stable	ADJ
ajeer-3733	129	5	factor	factor	NOUN
ajeer-3733	129	6	greatly	greatly	ADV
ajeer-3733	129	7	simplifies	simplify	VERB
ajeer-3733	129	8	the	the	DET
ajeer-3733	129	9	model	model	NOUN
ajeer-3733	129	10	,	,	PUNCT
ajeer-3733	129	11	making	make	VERB
ajeer-3733	129	12	it	it	PRON
ajeer-3733	129	13	unnecessary	unnecessary	ADJ
ajeer-3733	129	14	to	to	PART
ajeer-3733	129	15	build	build	VERB
ajeer-3733	129	16	an	an	DET
ajeer-3733	129	17	explicit	explicit	ADJ
ajeer-3733	129	18	term	term	NOUN
ajeer-3733	129	19	structure	structure	NOUN
ajeer-3733	129	20	of	of	ADP
ajeer-3733	129	21	interest	interest	NOUN
ajeer-3733	129	22	rates	rate	NOUN
ajeer-3733	129	23	—	—	PUNCT
ajeer-3733	129	24	most	most	ADV
ajeer-3733	129	25	private	private	ADJ
ajeer-3733	129	26	-	-	PUNCT
ajeer-3733	129	27	sector	sector	NOUN
ajeer-3733	129	28	lending	lending	NOUN
ajeer-3733	129	29	in	in	ADP
ajeer-3733	129	30	cambodia	cambodia	PROPN
ajeer-3733	129	31	has	have	VERB
ajeer-3733	129	32	a	a	DET
ajeer-3733	129	33	maturity	maturity	NOUN
ajeer-3733	129	34	of	of	ADP
ajeer-3733	129	35	at	at	ADV
ajeer-3733	129	36	most	most	ADV
ajeer-3733	129	37	one	one	NUM
ajeer-3733	129	38	year	year	NOUN
ajeer-3733	129	39	.	.	PUNCT
ajeer-3733	130	1	in	in	ADP
ajeer-3733	130	2	fact	fact	NOUN
ajeer-3733	130	3	,	,	PUNCT
ajeer-3733	130	4	the	the	DET
ajeer-3733	130	5	terms	term	NOUN
ajeer-3733	130	6	for	for	ADP
ajeer-3733	130	7	private	private	ADJ
ajeer-3733	130	8	sector	sector	NOUN
ajeer-3733	130	9	loans	loan	NOUN
ajeer-3733	130	10	of	of	ADP
ajeer-3733	130	11	various	various	ADJ
ajeer-3733	130	12	maturities	maturity	NOUN
ajeer-3733	130	13	have	have	AUX
ajeer-3733	130	14	been	be	AUX
ajeer-3733	130	15	relatively	relatively	ADV
ajeer-3733	130	16	stable	stable	ADJ
ajeer-3733	130	17	.	.	PUNCT
ajeer-3733	131	1	5	5	NUM
ajeer-3733	131	2	in	in	ADP
ajeer-3733	131	3	a	a	DET
ajeer-3733	131	4	traditional	traditional	ADJ
ajeer-3733	131	5	keynesian	keynesian	ADJ
ajeer-3733	131	6	fiscal	fiscal	ADJ
ajeer-3733	131	7	stabilization	stabilization	NOUN
ajeer-3733	131	8	,	,	PUNCT
ajeer-3733	131	9	either	either	CCONJ
ajeer-3733	131	10	through	through	ADP
ajeer-3733	131	11	higher	high	ADJ
ajeer-3733	131	12	taxes	taxis	NOUN
ajeer-3733	131	13	or	or	CCONJ
ajeer-3733	131	14	lower	low	ADJ
ajeer-3733	131	15	spending	spending	NOUN
ajeer-3733	131	16	,	,	PUNCT
ajeer-3733	131	17	lower	low	ADJ
ajeer-3733	131	18	debt	debt	NOUN
ajeer-3733	131	19	(	(	PUNCT
ajeer-3733	131	20	𝜀𝑡	𝜀𝑡	NOUN
ajeer-3733	131	21	𝑏	𝑏	PROPN
ajeer-3733	131	22	<	<	X
ajeer-3733	131	23	0	0	NUM
ajeer-3733	131	24	)	)	PUNCT
ajeer-3733	131	25	will	will	AUX
ajeer-3733	131	26	cause	cause	VERB
ajeer-3733	131	27	a	a	DET
ajeer-3733	131	28	negative	negative	ADJ
ajeer-3733	131	29	fiscal	fiscal	ADJ
ajeer-3733	131	30	impulse	impulse	ADJ
ajeer-3733	131	31	,	,	PUNCT
ajeer-3733	131	32	hence	hence	ADV
ajeer-3733	131	33	,	,	PUNCT
ajeer-3733	131	34	𝑓5	𝑓5	NOUN
ajeer-3733	131	35	>	>	X
ajeer-3733	131	36	0	0	X
ajeer-3733	131	37	.	.	PUNCT
ajeer-3733	132	1	under	under	ADP
ajeer-3733	132	2	which	which	PRON
ajeer-3733	132	3	circumstances	circumstance	NOUN
ajeer-3733	132	4	could	could	AUX
ajeer-3733	132	5	stabilization	stabilization	VERB
ajeer-3733	132	6	be	be	AUX
ajeer-3733	132	7	expansionary	expansionary	ADJ
ajeer-3733	132	8	(	(	PUNCT
ajeer-3733	132	9	𝑓5	𝑓5	NOUN
ajeer-3733	132	10	<	<	X
ajeer-3733	132	11	0	0	NUM
ajeer-3733	132	12	)	)	PUNCT
ajeer-3733	132	13	?	?	PUNCT
ajeer-3733	133	1	some	some	DET
ajeer-3733	133	2	economists	economist	NOUN
ajeer-3733	133	3	have	have	AUX
ajeer-3733	133	4	argued	argue	VERB
ajeer-3733	133	5	that	that	SCONJ
ajeer-3733	133	6	a	a	DET
ajeer-3733	133	7	fiscal	fiscal	ADJ
ajeer-3733	133	8	adjustment	adjustment	NOUN
ajeer-3733	133	9	today	today	NOUN
ajeer-3733	133	10	removes	remove	VERB
ajeer-3733	133	11	expectation	expectation	NOUN
ajeer-3733	133	12	of	of	ADP
ajeer-3733	133	13	future	future	ADJ
ajeer-3733	133	14	harsher	harsh	ADJ
ajeer-3733	133	15	adjustments	adjustment	NOUN
ajeer-3733	133	16	or	or	CCONJ
ajeer-3733	133	17	future	future	ADJ
ajeer-3733	133	18	tax	tax	NOUN
ajeer-3733	133	19	hikes	hike	NOUN
ajeer-3733	133	20	,	,	PUNCT
ajeer-3733	133	21	thus	thus	ADV
ajeer-3733	133	22	stabilizing	stabilize	VERB
ajeer-3733	133	23	expectations	expectation	NOUN
ajeer-3733	133	24	,	,	PUNCT
ajeer-3733	133	25	increasing	increase	VERB
ajeer-3733	133	26	consumer	consumer	NOUN
ajeer-3733	133	27	expected	expect	VERB
ajeer-3733	133	28	disposable	disposable	ADJ
ajeer-3733	133	29	income	income	NOUN
ajeer-3733	133	30	,	,	PUNCT
ajeer-3733	133	31	boosting	boost	VERB
ajeer-3733	133	32	the	the	DET
ajeer-3733	133	33	confidence	confidence	NOUN
ajeer-3733	133	34	of	of	ADP
ajeer-3733	133	35	investors	investor	NOUN
ajeer-3733	133	36	,	,	PUNCT
ajeer-3733	133	37	and	and	CCONJ
ajeer-3733	133	38	therefore	therefore	ADV
ajeer-3733	133	39	stimulating	stimulate	VERB
ajeer-3733	133	40	private	private	ADJ
ajeer-3733	133	41	demand	demand	NOUN
ajeer-3733	133	42	(	(	PUNCT
ajeer-3733	133	43	giavazzi	giavazzi	NOUN
ajeer-3733	133	44	&	&	CCONJ
ajeer-3733	133	45	pagano	pagano	PROPN
ajeer-3733	133	46	,	,	PUNCT
ajeer-3733	133	47	1996	1996	NUM
ajeer-3733	133	48	)	)	PUNCT
ajeer-3733	133	49	.	.	PUNCT
ajeer-3733	134	1	6	6	NUM
ajeer-3733	134	2	the	the	DET
ajeer-3733	134	3	mundell	mundell	ADJ
ajeer-3733	134	4	-	-	PUNCT
ajeer-3733	134	5	fleming	fleme	VERB
ajeer-3733	134	6	trilemma	trilemma	NOUN
ajeer-3733	134	7	says	say	VERB
ajeer-3733	134	8	that	that	SCONJ
ajeer-3733	134	9	each	each	DET
ajeer-3733	134	10	country	country	NOUN
ajeer-3733	134	11	must	must	AUX
ajeer-3733	134	12	choose	choose	VERB
ajeer-3733	134	13	between	between	ADP
ajeer-3733	134	14	the	the	DET
ajeer-3733	134	15	objectives	objective	NOUN
ajeer-3733	134	16	of	of	ADP
ajeer-3733	134	17	free	free	ADJ
ajeer-3733	134	18	capital	capital	NOUN
ajeer-3733	134	19	mobility	mobility	NOUN
ajeer-3733	134	20	,	,	PUNCT
ajeer-3733	134	21	exchange	exchange	NOUN
ajeer-3733	134	22	-	-	PUNCT
ajeer-3733	134	23	rate	rate	NOUN
ajeer-3733	134	24	management	management	NOUN
ajeer-3733	134	25	,	,	PUNCT
ajeer-3733	134	26	and	and	CCONJ
ajeer-3733	134	27	monetary	monetary	ADJ
ajeer-3733	134	28	autonomy	autonomy	NOUN
ajeer-3733	134	29	(	(	PUNCT
ajeer-3733	134	30	obstfeld	obstfeld	VERB
ajeer-3733	134	31	et	et	PROPN
ajeer-3733	134	32	al	al	PROPN
ajeer-3733	134	33	.	.	PROPN
ajeer-3733	134	34	,	,	PUNCT
ajeer-3733	134	35	2005)—only	2005)—only	ADV
ajeer-3733	134	36	two	two	NUM
ajeer-3733	134	37	can	can	AUX
ajeer-3733	134	38	be	be	AUX
ajeer-3733	134	39	pursued	pursue	VERB
ajeer-3733	134	40	simultaneously	simultaneously	ADV
ajeer-3733	134	41	.	.	PUNCT
ajeer-3733	135	1	asian	asian	ADJ
ajeer-3733	135	2	journal	journal	PROPN
ajeer-3733	135	3	of	of	ADP
ajeer-3733	135	4	economics	economic	NOUN
ajeer-3733	135	5	and	and	CCONJ
ajeer-3733	135	6	empirical	empirical	ADJ
ajeer-3733	135	7	research	research	NOUN
ajeer-3733	135	8	,	,	PUNCT
ajeer-3733	135	9	2022	2022	NUM
ajeer-3733	135	10	,	,	PUNCT
ajeer-3733	135	11	9(1	9(1	NUM
ajeer-3733	135	12	):	):	PUNCT
ajeer-3733	135	13	21	21	NUM
ajeer-3733	135	14	-	-	SYM
ajeer-3733	135	15	37	37	NUM
ajeer-3733	135	16	25	25	NUM
ajeer-3733	135	17	©	©	PROPN
ajeer-3733	135	18	2022	2022	NUM
ajeer-3733	135	19	by	by	ADP
ajeer-3733	135	20	the	the	DET
ajeer-3733	135	21	authors	author	NOUN
ajeer-3733	135	22	;	;	PUNCT
ajeer-3733	135	23	licensee	licensee	PROPN
ajeer-3733	135	24	asian	asian	ADJ
ajeer-3733	135	25	online	online	PROPN
ajeer-3733	135	26	journal	journal	PROPN
ajeer-3733	135	27	publishing	publishing	NOUN
ajeer-3733	135	28	group	group	NOUN
ajeer-3733	135	29	value	value	NOUN
ajeer-3733	135	30	as	as	ADP
ajeer-3733	135	31	an	an	DET
ajeer-3733	135	32	implicit	implicit	ADJ
ajeer-3733	135	33	but	but	CCONJ
ajeer-3733	135	34	widely	widely	ADV
ajeer-3733	135	35	understood	understand	VERB
ajeer-3733	135	36	and	and	CCONJ
ajeer-3733	135	37	credible	credible	ADJ
ajeer-3733	135	38	exchange	exchange	NOUN
ajeer-3733	135	39	rate	rate	NOUN
ajeer-3733	135	40	target	target	NOUN
ajeer-3733	135	41	.	.	PUNCT
ajeer-3733	136	1	we	we	PRON
ajeer-3733	136	2	assume	assume	VERB
ajeer-3733	136	3	that	that	SCONJ
ajeer-3733	136	4	the	the	DET
ajeer-3733	136	5	nbc	nbc	PROPN
ajeer-3733	136	6	’s	’s	PART
ajeer-3733	136	7	international	international	ADJ
ajeer-3733	136	8	reserves	reserve	NOUN
ajeer-3733	136	9	are	be	AUX
ajeer-3733	136	10	sufficient	sufficient	ADJ
ajeer-3733	136	11	to	to	PART
ajeer-3733	136	12	keep	keep	VERB
ajeer-3733	136	13	the	the	DET
ajeer-3733	136	14	exchange	exchange	NOUN
ajeer-3733	136	15	rate	rate	NOUN
ajeer-3733	136	16	stable	stable	ADJ
ajeer-3733	136	17	.	.	PUNCT
ajeer-3733	137	1	thus	thus	ADV
ajeer-3733	137	2	,	,	PUNCT
ajeer-3733	137	3	in	in	ADP
ajeer-3733	137	4	the	the	DET
ajeer-3733	137	5	model	model	NOUN
ajeer-3733	137	6	,	,	PUNCT
ajeer-3733	137	7	we	we	PRON
ajeer-3733	137	8	treat	treat	VERB
ajeer-3733	137	9	the	the	DET
ajeer-3733	137	10	exchange	exchange	NOUN
ajeer-3733	137	11	rate	rate	NOUN
ajeer-3733	137	12	regime	regime	NOUN
ajeer-3733	137	13	as	as	ADP
ajeer-3733	137	14	a	a	DET
ajeer-3733	137	15	de	de	X
ajeer-3733	137	16	facto	facto	X
ajeer-3733	137	17	peg	peg	NOUN
ajeer-3733	137	18	.	.	PUNCT
ajeer-3733	138	1	it	it	PRON
ajeer-3733	138	2	is	be	AUX
ajeer-3733	138	3	useful	useful	ADJ
ajeer-3733	138	4	to	to	PART
ajeer-3733	138	5	recall	recall	VERB
ajeer-3733	138	6	what	what	PRON
ajeer-3733	138	7	a	a	DET
ajeer-3733	138	8	credible	credible	ADJ
ajeer-3733	138	9	exchange	exchange	NOUN
ajeer-3733	138	10	rate	rate	NOUN
ajeer-3733	138	11	commitment	commitment	NOUN
ajeer-3733	138	12	implies	imply	VERB
ajeer-3733	138	13	for	for	ADP
ajeer-3733	138	14	competitiveness	competitiveness	NOUN
ajeer-3733	138	15	:	:	PUNCT
ajeer-3733	138	16	the	the	DET
ajeer-3733	138	17	country	country	NOUN
ajeer-3733	138	18	can	can	AUX
ajeer-3733	138	19	not	not	PART
ajeer-3733	138	20	restore	restore	VERB
ajeer-3733	138	21	price	price	NOUN
ajeer-3733	138	22	competitiveness	competitiveness	NOUN
ajeer-3733	138	23	by	by	ADP
ajeer-3733	138	24	devaluing	devalue	VERB
ajeer-3733	138	25	the	the	DET
ajeer-3733	138	26	nominal	nominal	ADJ
ajeer-3733	138	27	exchange	exchange	NOUN
ajeer-3733	138	28	rate	rate	NOUN
ajeer-3733	138	29	.	.	PUNCT
ajeer-3733	139	1	should	should	AUX
ajeer-3733	139	2	the	the	DET
ajeer-3733	139	3	real	real	ADJ
ajeer-3733	139	4	exchange	exchange	NOUN
ajeer-3733	139	5	rate	rate	NOUN
ajeer-3733	139	6	become	become	VERB
ajeer-3733	139	7	misaligned	misaligned	ADJ
ajeer-3733	139	8	—	—	PUNCT
ajeer-3733	139	9	due	due	ADP
ajeer-3733	139	10	to	to	ADP
ajeer-3733	139	11	either	either	CCONJ
ajeer-3733	139	12	a	a	DET
ajeer-3733	139	13	negative	negative	ADJ
ajeer-3733	139	14	productivity	productivity	NOUN
ajeer-3733	139	15	shock	shock	NOUN
ajeer-3733	139	16	or	or	CCONJ
ajeer-3733	139	17	higher	high	ADJ
ajeer-3733	139	18	domestic	domestic	ADJ
ajeer-3733	139	19	inflation	inflation	NOUN
ajeer-3733	139	20	relative	relative	ADJ
ajeer-3733	139	21	to	to	ADP
ajeer-3733	139	22	its	its	PRON
ajeer-3733	139	23	trading	trading	NOUN
ajeer-3733	139	24	partners	partner	NOUN
ajeer-3733	139	25	—	—	PUNCT
ajeer-3733	139	26	the	the	DET
ajeer-3733	139	27	eventual	eventual	ADJ
ajeer-3733	139	28	realignment	realignment	NOUN
ajeer-3733	139	29	must	must	AUX
ajeer-3733	139	30	come	come	VERB
ajeer-3733	139	31	through	through	ADP
ajeer-3733	139	32	lower	low	ADJ
ajeer-3733	139	33	-	-	PUNCT
ajeer-3733	139	34	than	than	ADP
ajeer-3733	139	35	-	-	PUNCT
ajeer-3733	139	36	trading	trading	NOUN
ajeer-3733	139	37	-	-	PUNCT
ajeer-3733	139	38	partner	partner	NOUN
ajeer-3733	139	39	wage	wage	NOUN
ajeer-3733	139	40	and	and	CCONJ
ajeer-3733	139	41	price	price	NOUN
ajeer-3733	139	42	inflation	inflation	NOUN
ajeer-3733	139	43	,	,	PUNCT
ajeer-3733	139	44	i.e.	i.e.	X
ajeer-3733	139	45	,	,	PUNCT
ajeer-3733	139	46	internal	internal	ADJ
ajeer-3733	139	47	devaluation	devaluation	NOUN
ajeer-3733	139	48	.	.	PUNCT
ajeer-3733	140	1	the	the	DET
ajeer-3733	140	2	peg	peg	NOUN
ajeer-3733	140	3	is	be	AUX
ajeer-3733	140	4	then	then	ADV
ajeer-3733	140	5	effectively	effectively	ADV
ajeer-3733	140	6	equivalent	equivalent	ADJ
ajeer-3733	140	7	to	to	ADP
ajeer-3733	140	8	a	a	DET
ajeer-3733	140	9	price	price	NOUN
ajeer-3733	140	10	-	-	PUNCT
ajeer-3733	140	11	level	level	NOUN
ajeer-3733	140	12	targeting	target	VERB
ajeer-3733	140	13	regime	regime	NOUN
ajeer-3733	140	14	that	that	PRON
ajeer-3733	140	15	ensures	ensure	VERB
ajeer-3733	140	16	that	that	SCONJ
ajeer-3733	140	17	purchasing	purchase	VERB
ajeer-3733	140	18	power	power	NOUN
ajeer-3733	140	19	parity	parity	NOUN
ajeer-3733	140	20	(	(	PUNCT
ajeer-3733	140	21	ppp	ppp	NOUN
ajeer-3733	140	22	)	)	PUNCT
ajeer-3733	140	23	holds	hold	VERB
ajeer-3733	140	24	in	in	ADP
ajeer-3733	140	25	the	the	DET
ajeer-3733	140	26	medium	medium	ADJ
ajeer-3733	140	27	term	term	NOUN
ajeer-3733	140	28	;	;	PUNCT
ajeer-3733	140	29	thus	thus	ADV
ajeer-3733	140	30	,	,	PUNCT
ajeer-3733	140	31	time	time	NOUN
ajeer-3733	140	32	subscripts	subscript	NOUN
ajeer-3733	140	33	are	be	AUX
ajeer-3733	140	34	not	not	PART
ajeer-3733	140	35	necessary	necessary	ADJ
ajeer-3733	140	36	in	in	ADP
ajeer-3733	140	37	our	our	PRON
ajeer-3733	140	38	notation	notation	NOUN
ajeer-3733	140	39	:	:	PUNCT
ajeer-3733	140	40	∆	∆	PROPN
ajeer-3733	140	41	�	�	PROPN
ajeer-3733	140	42	̃	̃	PROPN
ajeer-3733	140	43	�	�	NOUN
ajeer-3733	140	44	=	=	SYM
ajeer-3733	140	45	∆	∆	PROPN
ajeer-3733	140	46	�	�	PROPN
ajeer-3733	140	47	̃	̃	PROPN
ajeer-3733	140	48	�	�	PROPN
ajeer-3733	140	49	+	+	SYM
ajeer-3733	140	50	�	�	PROPN
ajeer-3733	140	51	̃	̃	PROPN
ajeer-3733	140	52	�	�	NOUN
ajeer-3733	140	53	∗	∗	NOUN
ajeer-3733	140	54	−	−	PROPN
ajeer-3733	140	55	�	�	PROPN
ajeer-3733	140	56	̃	̃	PROPN
ajeer-3733	140	57	�	�	PROPN
ajeer-3733	140	58	,	,	PUNCT
ajeer-3733	140	59	(	(	PUNCT
ajeer-3733	140	60	6	6	NUM
ajeer-3733	140	61	)	)	PUNCT
ajeer-3733	140	62	where	where	SCONJ
ajeer-3733	140	63	�	�	PROPN
ajeer-3733	140	64	̃	̃	PROPN
ajeer-3733	140	65	�	�	PROPN
ajeer-3733	140	66	denotes	denote	VERB
ajeer-3733	140	67	the	the	DET
ajeer-3733	140	68	trend	trend	NOUN
ajeer-3733	140	69	rate	rate	NOUN
ajeer-3733	140	70	of	of	ADP
ajeer-3733	140	71	growth	growth	NOUN
ajeer-3733	140	72	of	of	ADP
ajeer-3733	140	73	the	the	DET
ajeer-3733	140	74	real	real	ADJ
ajeer-3733	140	75	exchange	exchange	NOUN
ajeer-3733	140	76	rate	rate	NOUN
ajeer-3733	140	77	,	,	PUNCT
ajeer-3733	140	78	i.e.	i.e.	X
ajeer-3733	140	79	,	,	PUNCT
ajeer-3733	140	80	“	"	PUNCT
ajeer-3733	140	81	equilibrium	equilibrium	NOUN
ajeer-3733	140	82	”	"	PUNCT
ajeer-3733	140	83	appreciation	appreciation	NOUN
ajeer-3733	140	84	or	or	CCONJ
ajeer-3733	140	85	depreciation	depreciation	NOUN
ajeer-3733	140	86	,	,	PUNCT
ajeer-3733	140	87	�	�	PROPN
ajeer-3733	140	88	̃	̃	PROPN
ajeer-3733	140	89	�	�	PROPN
ajeer-3733	140	90	is	be	AUX
ajeer-3733	140	91	the	the	DET
ajeer-3733	140	92	trend	trend	NOUN
ajeer-3733	140	93	rate	rate	NOUN
ajeer-3733	140	94	of	of	ADP
ajeer-3733	140	95	growth	growth	NOUN
ajeer-3733	140	96	of	of	ADP
ajeer-3733	140	97	the	the	DET
ajeer-3733	140	98	nominal	nominal	ADJ
ajeer-3733	140	99	exchange	exchange	NOUN
ajeer-3733	140	100	rate	rate	NOUN
ajeer-3733	140	101	,	,	PUNCT
ajeer-3733	140	102	and	and	CCONJ
ajeer-3733	140	103	�	�	PROPN
ajeer-3733	140	104	̃	̃	PROPN
ajeer-3733	140	105	�	�	NOUN
ajeer-3733	140	106	∗	∗	NOUN
ajeer-3733	140	107	and	and	CCONJ
ajeer-3733	140	108	�	�	PROPN
ajeer-3733	140	109	̃	̃	PROPN
ajeer-3733	140	110	�	�	PROPN
ajeer-3733	140	111	indicate	indicate	VERB
ajeer-3733	140	112	foreign	foreign	ADJ
ajeer-3733	140	113	and	and	CCONJ
ajeer-3733	140	114	domestic	domestic	ADJ
ajeer-3733	140	115	inflation	inflation	NOUN
ajeer-3733	140	116	trends	trend	NOUN
ajeer-3733	140	117	.	.	PUNCT
ajeer-3733	141	1	as	as	ADV
ajeer-3733	141	2	long	long	ADV
ajeer-3733	141	3	as	as	SCONJ
ajeer-3733	141	4	the	the	DET
ajeer-3733	141	5	nominal	nominal	ADJ
ajeer-3733	141	6	exchange	exchange	NOUN
ajeer-3733	141	7	rate	rate	NOUN
ajeer-3733	141	8	is	be	AUX
ajeer-3733	141	9	pegged	peg	VERB
ajeer-3733	141	10	(	(	PUNCT
ajeer-3733	141	11	𝛥	𝛥	PROPN
ajeer-3733	141	12	�	�	PROPN
ajeer-3733	141	13	̃	̃	PROPN
ajeer-3733	141	14	�	�	NOUN
ajeer-3733	141	15	=	=	SYM
ajeer-3733	141	16	0	0	NUM
ajeer-3733	141	17	)	)	PUNCT
ajeer-3733	141	18	and	and	CCONJ
ajeer-3733	141	19	the	the	DET
ajeer-3733	141	20	country	country	NOUN
ajeer-3733	141	21	desires	desire	NOUN
ajeer-3733	141	22	to	to	PART
ajeer-3733	141	23	keep	keep	VERB
ajeer-3733	141	24	price	price	NOUN
ajeer-3733	141	25	competitiveness	competitiveness	NOUN
ajeer-3733	141	26	at	at	ADP
ajeer-3733	141	27	the	the	DET
ajeer-3733	141	28	current	current	ADJ
ajeer-3733	141	29	level	level	NOUN
ajeer-3733	141	30	(	(	PUNCT
ajeer-3733	141	31	hence	hence	ADV
ajeer-3733	141	32	,	,	PUNCT
ajeer-3733	141	33	𝛥	𝛥	PROPN
ajeer-3733	141	34	�	�	PROPN
ajeer-3733	141	35	̃	̃	PROPN
ajeer-3733	141	36	�	�	NOUN
ajeer-3733	141	37	=	=	SYM
ajeer-3733	141	38	0	0	NUM
ajeer-3733	141	39	)	)	PUNCT
ajeer-3733	141	40	,	,	PUNCT
ajeer-3733	141	41	foreign	foreign	ADJ
ajeer-3733	141	42	and	and	CCONJ
ajeer-3733	141	43	domestic	domestic	ADJ
ajeer-3733	141	44	price	price	NOUN
ajeer-3733	141	45	levels	level	NOUN
ajeer-3733	141	46	have	have	VERB
ajeer-3733	141	47	to	to	PART
ajeer-3733	141	48	grow	grow	VERB
ajeer-3733	141	49	at	at	ADP
ajeer-3733	141	50	the	the	DET
ajeer-3733	141	51	same	same	ADJ
ajeer-3733	141	52	pace	pace	NOUN
ajeer-3733	141	53	over	over	ADP
ajeer-3733	141	54	the	the	DET
ajeer-3733	141	55	medium	medium	ADJ
ajeer-3733	141	56	term	term	NOUN
ajeer-3733	141	57	,	,	PUNCT
ajeer-3733	141	58	�	�	PROPN
ajeer-3733	141	59	̃	̃	NOUN
ajeer-3733	141	60	�	�	NOUN
ajeer-3733	141	61	∗	∗	NOUN
ajeer-3733	141	62	=	=	SYM
ajeer-3733	141	63	�	�	PROPN
ajeer-3733	141	64	̃	̃	PROPN
ajeer-3733	141	65	�	�	PROPN
ajeer-3733	141	66	.	.	PUNCT
ajeer-3733	142	1	this	this	DET
ajeer-3733	142	2	result	result	NOUN
ajeer-3733	142	3	is	be	AUX
ajeer-3733	142	4	equivalent	equivalent	ADJ
ajeer-3733	142	5	,	,	PUNCT
ajeer-3733	142	6	of	of	ADP
ajeer-3733	142	7	course	course	NOUN
ajeer-3733	142	8	,	,	PUNCT
ajeer-3733	142	9	to	to	ADP
ajeer-3733	142	10	price	price	NOUN
ajeer-3733	142	11	-	-	PUNCT
ajeer-3733	142	12	level	level	NOUN
ajeer-3733	142	13	targeting	targeting	NOUN
ajeer-3733	142	14	.	.	PUNCT
ajeer-3733	143	1	the	the	DET
ajeer-3733	143	2	uip	uip	PROPN
ajeer-3733	143	3	condition	condition	NOUN
ajeer-3733	143	4	then	then	ADV
ajeer-3733	143	5	pins	pin	VERB
ajeer-3733	143	6	down	down	ADP
ajeer-3733	143	7	the	the	DET
ajeer-3733	143	8	domestic	domestic	ADJ
ajeer-3733	143	9	interest	interest	NOUN
ajeer-3733	143	10	rate	rate	NOUN
ajeer-3733	143	11	,	,	PUNCT
ajeer-3733	143	12	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	143	13	,	,	PUNCT
ajeer-3733	143	14	since	since	SCONJ
ajeer-3733	143	15	the	the	DET
ajeer-3733	143	16	nbc	nbc	PROPN
ajeer-3733	143	17	can	can	AUX
ajeer-3733	143	18	not	not	PART
ajeer-3733	143	19	pursue	pursue	VERB
ajeer-3733	143	20	active	active	ADJ
ajeer-3733	143	21	monetary	monetary	ADJ
ajeer-3733	143	22	policy	policy	NOUN
ajeer-3733	143	23	:	:	PUNCT
ajeer-3733	143	24	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	143	25	=	=	SYM
ajeer-3733	143	26	(	(	PUNCT
ajeer-3733	143	27	𝐸𝑡𝑠𝑡+1	𝐸𝑡𝑠𝑡+1	NOUN
ajeer-3733	143	28	−	−	PROPN
ajeer-3733	143	29	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	143	30	)	)	PUNCT
ajeer-3733	143	31	+	+	CCONJ
ajeer-3733	143	32	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	143	33	∗	∗	NOUN
ajeer-3733	143	34	+	+	CCONJ
ajeer-3733	143	35	𝑝𝑟𝑒𝑚𝑡	𝑝𝑟𝑒𝑚𝑡	NOUN
ajeer-3733	144	1	+	+	CCONJ
ajeer-3733	144	2	𝜀𝑡	𝜀𝑡	PROPN
ajeer-3733	144	3	𝑠	𝑠	PROPN
ajeer-3733	144	4	(	(	PUNCT
ajeer-3733	144	5	7	7	NUM
ajeer-3733	144	6	)	)	PUNCT
ajeer-3733	144	7	where	where	SCONJ
ajeer-3733	144	8	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	144	9	is	be	AUX
ajeer-3733	144	10	the	the	DET
ajeer-3733	144	11	nominal	nominal	ADJ
ajeer-3733	144	12	exchange	exchange	NOUN
ajeer-3733	144	13	rate	rate	NOUN
ajeer-3733	144	14	defined	define	VERB
ajeer-3733	144	15	in	in	ADP
ajeer-3733	144	16	domestic	domestic	ADJ
ajeer-3733	144	17	currency	currency	NOUN
ajeer-3733	144	18	terms	term	NOUN
ajeer-3733	144	19	per	per	ADP
ajeer-3733	144	20	us	us	PROPN
ajeer-3733	144	21	dollar	dollar	NOUN
ajeer-3733	144	22	,	,	PUNCT
ajeer-3733	144	23	𝐸𝑡𝑠𝑡+1	𝐸𝑡𝑠𝑡+1	NOUN
ajeer-3733	144	24	is	be	AUX
ajeer-3733	144	25	the	the	DET
ajeer-3733	144	26	modelconsistent	modelconsistent	ADJ
ajeer-3733	144	27	expectation	expectation	NOUN
ajeer-3733	144	28	of	of	ADP
ajeer-3733	144	29	the	the	DET
ajeer-3733	144	30	nominal	nominal	ADJ
ajeer-3733	144	31	exchange	exchange	NOUN
ajeer-3733	144	32	rate	rate	NOUN
ajeer-3733	144	33	in	in	ADP
ajeer-3733	144	34	period	period	NOUN
ajeer-3733	144	35	t+1	t+1	PROPN
ajeer-3733	144	36	(	(	PUNCT
ajeer-3733	144	37	as	as	ADV
ajeer-3733	144	38	long	long	ADV
ajeer-3733	144	39	as	as	SCONJ
ajeer-3733	144	40	the	the	DET
ajeer-3733	144	41	peg	peg	NOUN
ajeer-3733	144	42	remains	remain	VERB
ajeer-3733	144	43	credible	credible	ADJ
ajeer-3733	144	44	,	,	PUNCT
ajeer-3733	144	45	𝛥𝐸𝑡𝑠𝑡+1	𝛥𝐸𝑡𝑠𝑡+1	NOUN
ajeer-3733	144	46	=	=	SYM
ajeer-3733	144	47	0	0	NUM
ajeer-3733	144	48	)	)	PUNCT
ajeer-3733	144	49	,	,	PUNCT
ajeer-3733	144	50	𝑖𝑡	𝑖𝑡	ADP
ajeer-3733	144	51	∗	∗	NOUN
ajeer-3733	144	52	is	be	AUX
ajeer-3733	144	53	the	the	DET
ajeer-3733	144	54	foreign	foreign	ADJ
ajeer-3733	144	55	nominal	nominal	ADJ
ajeer-3733	144	56	interest	interest	NOUN
ajeer-3733	144	57	rate	rate	NOUN
ajeer-3733	144	58	,	,	PUNCT
ajeer-3733	144	59	𝑝𝑟𝑒𝑚𝑡	𝑝𝑟𝑒𝑚𝑡	PROPN
ajeer-3733	144	60	is	be	AUX
ajeer-3733	144	61	the	the	DET
ajeer-3733	144	62	country	country	NOUN
ajeer-3733	144	63	risk	risk	NOUN
ajeer-3733	144	64	premium	premium	NOUN
ajeer-3733	144	65	,	,	PUNCT
ajeer-3733	144	66	which	which	PRON
ajeer-3733	144	67	is	be	AUX
ajeer-3733	144	68	expected	expect	VERB
ajeer-3733	144	69	to	to	PART
ajeer-3733	144	70	increase	increase	VERB
ajeer-3733	144	71	or	or	CCONJ
ajeer-3733	144	72	decrease	decrease	VERB
ajeer-3733	144	73	with	with	ADP
ajeer-3733	144	74	government	government	NOUN
ajeer-3733	144	75	debt	debt	NOUN
ajeer-3733	144	76	compared	compare	VERB
ajeer-3733	144	77	to	to	ADP
ajeer-3733	144	78	the	the	DET
ajeer-3733	144	79	target	target	NOUN
ajeer-3733	144	80	level	level	NOUN
ajeer-3733	144	81	,	,	PUNCT
ajeer-3733	144	82	and	and	CCONJ
ajeer-3733	144	83	𝜀𝑡	𝜀𝑡	SCONJ
ajeer-3733	144	84	𝑠	𝑠	PROPN
ajeer-3733	144	85	is	be	AUX
ajeer-3733	144	86	the	the	DET
ajeer-3733	144	87	exchange	exchange	NOUN
ajeer-3733	144	88	rate	rate	NOUN
ajeer-3733	144	89	shock	shock	NOUN
ajeer-3733	144	90	.	.	PUNCT
ajeer-3733	145	1	d.	d.	PROPN
ajeer-3733	145	2	the	the	DET
ajeer-3733	145	3	fiscal	fiscal	ADJ
ajeer-3733	145	4	block	block	NOUN
ajeer-3733	145	5	the	the	DET
ajeer-3733	145	6	model	model	NOUN
ajeer-3733	145	7	is	be	AUX
ajeer-3733	145	8	closed	close	VERB
ajeer-3733	145	9	with	with	ADP
ajeer-3733	145	10	an	an	DET
ajeer-3733	145	11	aggregated	aggregate	VERB
ajeer-3733	145	12	fiscal	fiscal	ADJ
ajeer-3733	145	13	block	block	NOUN
ajeer-3733	145	14	that	that	PRON
ajeer-3733	145	15	anchors	anchor	VERB
ajeer-3733	145	16	the	the	DET
ajeer-3733	145	17	public	public	NOUN
ajeer-3733	145	18	’s	’s	PART
ajeer-3733	145	19	expectations	expectation	NOUN
ajeer-3733	145	20	of	of	ADP
ajeer-3733	145	21	fiscal	fiscal	ADJ
ajeer-3733	145	22	sustainability	sustainability	NOUN
ajeer-3733	145	23	and	and	CCONJ
ajeer-3733	145	24	links	link	VERB
ajeer-3733	145	25	the	the	DET
ajeer-3733	145	26	fiscal	fiscal	ADJ
ajeer-3733	145	27	policy	policy	NOUN
ajeer-3733	145	28	(	(	PUNCT
ajeer-3733	145	29	flow	flow	NOUN
ajeer-3733	145	30	)	)	PUNCT
ajeer-3733	145	31	variable	variable	NOUN
ajeer-3733	145	32	with	with	ADP
ajeer-3733	145	33	financing	financing	NOUN
ajeer-3733	145	34	(	(	PUNCT
ajeer-3733	145	35	stock	stock	NOUN
ajeer-3733	145	36	)	)	PUNCT
ajeer-3733	145	37	variables	variable	NOUN
ajeer-3733	145	38	.	.	PUNCT
ajeer-3733	146	1	here	here	ADV
ajeer-3733	146	2	,	,	PUNCT
ajeer-3733	146	3	the	the	DET
ajeer-3733	146	4	fiscal	fiscal	ADJ
ajeer-3733	146	5	authority	authority	NOUN
ajeer-3733	146	6	decides	decide	VERB
ajeer-3733	146	7	on	on	ADP
ajeer-3733	146	8	a	a	DET
ajeer-3733	146	9	sole	sole	ADJ
ajeer-3733	146	10	policy	policy	NOUN
ajeer-3733	146	11	variable	variable	NOUN
ajeer-3733	146	12	,	,	PUNCT
ajeer-3733	146	13	namely	namely	ADV
ajeer-3733	146	14	the	the	DET
ajeer-3733	146	15	cyclically	cyclically	ADV
ajeer-3733	146	16	-	-	PUNCT
ajeer-3733	146	17	adjusted	adjust	VERB
ajeer-3733	146	18	primary	primary	ADJ
ajeer-3733	146	19	balance	balance	NOUN
ajeer-3733	146	20	,	,	PUNCT
ajeer-3733	146	21	guided	guide	VERB
ajeer-3733	146	22	by	by	ADP
ajeer-3733	146	23	the	the	DET
ajeer-3733	146	24	country	country	NOUN
ajeer-3733	146	25	’s	’s	PART
ajeer-3733	146	26	cyclical	cyclical	ADJ
ajeer-3733	146	27	position	position	NOUN
ajeer-3733	146	28	and	and	CCONJ
ajeer-3733	146	29	its	its	PRON
ajeer-3733	146	30	announced	announce	VERB
ajeer-3733	146	31	gross	gross	ADJ
ajeer-3733	146	32	debt	debt	NOUN
ajeer-3733	146	33	target	target	NOUN
ajeer-3733	146	34	.	.	PUNCT
ajeer-3733	147	1	we	we	PRON
ajeer-3733	147	2	justify	justify	VERB
ajeer-3733	147	3	the	the	DET
ajeer-3733	147	4	aggregation	aggregation	NOUN
ajeer-3733	147	5	by	by	ADP
ajeer-3733	147	6	noting	note	VERB
ajeer-3733	147	7	that	that	SCONJ
ajeer-3733	147	8	our	our	PRON
ajeer-3733	147	9	semi	semi	ADJ
ajeer-3733	147	10	-	-	ADJ
ajeer-3733	147	11	structural	structural	ADJ
ajeer-3733	147	12	framework	framework	NOUN
ajeer-3733	147	13	has	have	VERB
ajeer-3733	147	14	an	an	DET
ajeer-3733	147	15	exogenously	exogenously	ADV
ajeer-3733	147	16	set	set	VERB
ajeer-3733	147	17	supply	supply	NOUN
ajeer-3733	147	18	side	side	NOUN
ajeer-3733	147	19	:	:	PUNCT
ajeer-3733	147	20	the	the	DET
ajeer-3733	147	21	rate	rate	NOUN
ajeer-3733	147	22	of	of	ADP
ajeer-3733	147	23	potential	potential	ADJ
ajeer-3733	147	24	growth	growth	NOUN
ajeer-3733	147	25	does	do	AUX
ajeer-3733	147	26	not	not	PART
ajeer-3733	147	27	depend	depend	VERB
ajeer-3733	147	28	on	on	ADP
ajeer-3733	147	29	the	the	DET
ajeer-3733	147	30	mix	mix	NOUN
ajeer-3733	147	31	of	of	ADP
ajeer-3733	147	32	direct	direct	ADJ
ajeer-3733	147	33	and	and	CCONJ
ajeer-3733	147	34	indirect	indirect	ADJ
ajeer-3733	147	35	taxes	taxis	NOUN
ajeer-3733	147	36	,	,	PUNCT
ajeer-3733	147	37	but	but	CCONJ
ajeer-3733	147	38	is	be	AUX
ajeer-3733	147	39	calibrated	calibrate	VERB
ajeer-3733	147	40	and	and	CCONJ
ajeer-3733	147	41	assumed	assume	VERB
ajeer-3733	147	42	to	to	PART
ajeer-3733	147	43	remain	remain	VERB
ajeer-3733	147	44	constant	constant	ADJ
ajeer-3733	147	45	for	for	ADP
ajeer-3733	147	46	the	the	DET
ajeer-3733	147	47	duration	duration	NOUN
ajeer-3733	147	48	of	of	ADP
ajeer-3733	147	49	the	the	DET
ajeer-3733	147	50	simulations	simulation	NOUN
ajeer-3733	147	51	so	so	SCONJ
ajeer-3733	147	52	that	that	SCONJ
ajeer-3733	147	53	breaking	break	VERB
ajeer-3733	147	54	down	down	ADP
ajeer-3733	147	55	revenues	revenue	NOUN
ajeer-3733	147	56	or	or	CCONJ
ajeer-3733	147	57	expenditures	expenditure	NOUN
ajeer-3733	147	58	would	would	AUX
ajeer-3733	147	59	be	be	AUX
ajeer-3733	147	60	superficial	superficial	ADJ
ajeer-3733	147	61	with	with	ADP
ajeer-3733	147	62	no	no	DET
ajeer-3733	147	63	feedback	feedback	NOUN
ajeer-3733	147	64	into	into	ADP
ajeer-3733	147	65	the	the	DET
ajeer-3733	147	66	supply	supply	NOUN
ajeer-3733	147	67	side	side	NOUN
ajeer-3733	147	68	.	.	PUNCT
ajeer-3733	148	1	true	true	ADJ
ajeer-3733	148	2	,	,	PUNCT
ajeer-3733	148	3	by	by	ADP
ajeer-3733	148	4	aggregating	aggregate	VERB
ajeer-3733	148	5	all	all	DET
ajeer-3733	148	6	fiscal	fiscal	ADJ
ajeer-3733	148	7	operations	operation	NOUN
ajeer-3733	148	8	into	into	ADP
ajeer-3733	148	9	a	a	DET
ajeer-3733	148	10	single	single	ADJ
ajeer-3733	148	11	variable	variable	NOUN
ajeer-3733	148	12	we	we	PRON
ajeer-3733	148	13	are	be	AUX
ajeer-3733	148	14	foregoing	forego	VERB
ajeer-3733	148	15	the	the	DET
ajeer-3733	148	16	possibility	possibility	NOUN
ajeer-3733	148	17	of	of	ADP
ajeer-3733	148	18	a	a	DET
ajeer-3733	148	19	granular	granular	ADJ
ajeer-3733	148	20	analysis	analysis	NOUN
ajeer-3733	148	21	of	of	ADP
ajeer-3733	148	22	multipliers	multiplier	NOUN
ajeer-3733	148	23	and	and	CCONJ
ajeer-3733	148	24	composition	composition	NOUN
ajeer-3733	148	25	effects	effect	NOUN
ajeer-3733	148	26	of	of	ADP
ajeer-3733	148	27	fiscal	fiscal	ADJ
ajeer-3733	148	28	policy	policy	NOUN
ajeer-3733	148	29	,	,	PUNCT
ajeer-3733	148	30	but	but	CCONJ
ajeer-3733	148	31	in	in	ADP
ajeer-3733	148	32	our	our	PRON
ajeer-3733	148	33	view	view	NOUN
ajeer-3733	148	34	,	,	PUNCT
ajeer-3733	148	35	decomposition	decomposition	NOUN
ajeer-3733	148	36	is	be	AUX
ajeer-3733	148	37	better	well	ADV
ajeer-3733	148	38	left	leave	VERB
ajeer-3733	148	39	to	to	ADP
ajeer-3733	148	40	a	a	DET
ajeer-3733	148	41	fully	fully	ADV
ajeer-3733	148	42	micro	micro	VERB
ajeer-3733	148	43	-	-	ADJ
ajeer-3733	148	44	founded	found	VERB
ajeer-3733	148	45	dsge	dsge	NOUN
ajeer-3733	148	46	model	model	NOUN
ajeer-3733	148	47	.	.	PUNCT
ajeer-3733	149	1	fiscal	fiscal	ADJ
ajeer-3733	149	2	authority	authority	NOUN
ajeer-3733	149	3	decisions	decision	NOUN
ajeer-3733	149	4	related	relate	VERB
ajeer-3733	149	5	to	to	ADP
ajeer-3733	149	6	the	the	DET
ajeer-3733	149	7	golden	golden	ADJ
ajeer-3733	149	8	rule	rule	NOUN
ajeer-3733	149	9	can	can	AUX
ajeer-3733	149	10	be	be	AUX
ajeer-3733	149	11	simplified	simplify	VERB
ajeer-3733	149	12	into	into	ADP
ajeer-3733	149	13	two	two	NUM
ajeer-3733	149	14	steps	step	NOUN
ajeer-3733	149	15	.	.	PUNCT
ajeer-3733	150	1	(	(	PUNCT
ajeer-3733	150	2	1	1	X
ajeer-3733	150	3	)	)	PUNCT
ajeer-3733	150	4	the	the	DET
ajeer-3733	150	5	policymaker	policymaker	NOUN
ajeer-3733	150	6	decides	decide	VERB
ajeer-3733	150	7	on	on	ADP
ajeer-3733	150	8	the	the	DET
ajeer-3733	150	9	cyclically	cyclically	ADV
ajeer-3733	150	10	-	-	PUNCT
ajeer-3733	150	11	adjusted	adjust	VERB
ajeer-3733	150	12	primary	primary	ADJ
ajeer-3733	150	13	fiscal	fiscal	ADJ
ajeer-3733	150	14	deficit	deficit	NOUN
ajeer-3733	150	15	,	,	PUNCT
ajeer-3733	150	16	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	150	17	.	.	PUNCT
ajeer-3733	151	1	because	because	SCONJ
ajeer-3733	151	2	cambodia	cambodia	PROPN
ajeer-3733	151	3	’s	’s	PART
ajeer-3733	151	4	public	public	ADJ
ajeer-3733	151	5	borrowing	borrowing	NOUN
ajeer-3733	151	6	has	have	AUX
ajeer-3733	151	7	all	all	PRON
ajeer-3733	151	8	been	be	AUX
ajeer-3733	151	9	concessional	concessional	ADJ
ajeer-3733	151	10	,	,	PUNCT
ajeer-3733	151	11	the	the	DET
ajeer-3733	151	12	government	government	NOUN
ajeer-3733	151	13	interest	interest	NOUN
ajeer-3733	151	14	bill	bill	NOUN
ajeer-3733	151	15	is	be	AUX
ajeer-3733	151	16	not	not	PART
ajeer-3733	151	17	only	only	ADV
ajeer-3733	151	18	small	small	ADJ
ajeer-3733	151	19	but	but	CCONJ
ajeer-3733	151	20	is	be	AUX
ajeer-3733	151	21	generally	generally	ADV
ajeer-3733	151	22	not	not	PART
ajeer-3733	151	23	sensitive	sensitive	ADJ
ajeer-3733	151	24	to	to	ADP
ajeer-3733	151	25	international	international	ADJ
ajeer-3733	151	26	rate	rate	NOUN
ajeer-3733	151	27	movements	movement	NOUN
ajeer-3733	151	28	and	and	CCONJ
ajeer-3733	151	29	swings	swing	NOUN
ajeer-3733	151	30	in	in	ADP
ajeer-3733	151	31	risk	risk	NOUN
ajeer-3733	151	32	premiums.7	premiums.7	NOUN
ajeer-3733	151	33	(	(	PUNCT
ajeer-3733	151	34	2	2	X
ajeer-3733	151	35	)	)	PUNCT
ajeer-3733	151	36	the	the	DET
ajeer-3733	151	37	policymaker	policymaker	NOUN
ajeer-3733	151	38	decides	decide	VERB
ajeer-3733	151	39	how	how	SCONJ
ajeer-3733	151	40	to	to	PART
ajeer-3733	151	41	finance	finance	VERB
ajeer-3733	151	42	the	the	DET
ajeer-3733	151	43	corresponding	correspond	VERB
ajeer-3733	151	44	balance	balance	NOUN
ajeer-3733	151	45	:	:	PUNCT
ajeer-3733	151	46	either	either	CCONJ
ajeer-3733	151	47	through	through	ADP
ajeer-3733	151	48	debt	debt	NOUN
ajeer-3733	151	49	accumulation	accumulation	NOUN
ajeer-3733	151	50	or	or	CCONJ
ajeer-3733	151	51	repayment	repayment	NOUN
ajeer-3733	151	52	,	,	PUNCT
ajeer-3733	151	53	∆𝑏𝑡	∆𝑏𝑡	NOUN
ajeer-3733	151	54	,	,	PUNCT
ajeer-3733	151	55	or	or	CCONJ
ajeer-3733	151	56	through	through	ADP
ajeer-3733	151	57	dissaving	dissaving	NOUN
ajeer-3733	151	58	or	or	CCONJ
ajeer-3733	151	59	accumulation	accumulation	NOUN
ajeer-3733	151	60	of	of	ADP
ajeer-3733	151	61	government	government	NOUN
ajeer-3733	151	62	deposits	deposit	NOUN
ajeer-3733	151	63	,	,	PUNCT
ajeer-3733	151	64	∆𝑥𝑡.	∆𝑥𝑡.	NOUN
ajeer-3733	151	65	in	in	ADP
ajeer-3733	151	66	line	line	NOUN
ajeer-3733	151	67	with	with	ADP
ajeer-3733	151	68	the	the	DET
ajeer-3733	151	69	literature	literature	NOUN
ajeer-3733	151	70	on	on	ADP
ajeer-3733	151	71	fiscal	fiscal	ADJ
ajeer-3733	151	72	rules	rule	NOUN
ajeer-3733	151	73	,	,	PUNCT
ajeer-3733	151	74	our	our	PRON
ajeer-3733	151	75	fiscal	fiscal	ADJ
ajeer-3733	151	76	policy	policy	NOUN
ajeer-3733	151	77	reaction	reaction	NOUN
ajeer-3733	151	78	function	function	NOUN
ajeer-3733	151	79	has	have	VERB
ajeer-3733	151	80	two	two	NUM
ajeer-3733	151	81	competing	compete	VERB
ajeer-3733	151	82	objectives	objective	NOUN
ajeer-3733	151	83	:	:	PUNCT
ajeer-3733	151	84	to	to	PART
ajeer-3733	151	85	smooth	smooth	VERB
ajeer-3733	151	86	output	output	NOUN
ajeer-3733	151	87	fluctuations	fluctuation	NOUN
ajeer-3733	151	88	and	and	CCONJ
ajeer-3733	151	89	to	to	PART
ajeer-3733	151	90	anchor	anchor	VERB
ajeer-3733	151	91	gross	gross	ADJ
ajeer-3733	151	92	public	public	ADJ
ajeer-3733	151	93	debt	debt	NOUN
ajeer-3733	151	94	to	to	ADP
ajeer-3733	151	95	a	a	DET
ajeer-3733	151	96	target	target	NOUN
ajeer-3733	151	97	,	,	PUNCT
ajeer-3733	151	98	which	which	PRON
ajeer-3733	151	99	is	be	AUX
ajeer-3733	151	100	presently	presently	ADV
ajeer-3733	151	101	calibrated	calibrate	VERB
ajeer-3733	151	102	at	at	ADP
ajeer-3733	151	103	30	30	NUM
ajeer-3733	151	104	percent	percent	NOUN
ajeer-3733	151	105	of	of	ADP
ajeer-3733	151	106	gdp	gdp	NOUN
ajeer-3733	151	107	(	(	PUNCT
ajeer-3733	151	108	plödt	plödt	PROPN
ajeer-3733	151	109	&	&	CCONJ
ajeer-3733	151	110	reicher	reicher	PROPN
ajeer-3733	151	111	,	,	PUNCT
ajeer-3733	151	112	2015	2015	NUM
ajeer-3733	151	113	)	)	PUNCT
ajeer-3733	151	114	.	.	PUNCT
ajeer-3733	152	1	regarding	regard	VERB
ajeer-3733	152	2	the	the	DET
ajeer-3733	152	3	former	former	ADJ
ajeer-3733	152	4	,	,	PUNCT
ajeer-3733	152	5	the	the	DET
ajeer-3733	152	6	fiscal	fiscal	ADJ
ajeer-3733	152	7	authority	authority	NOUN
ajeer-3733	152	8	wants	want	VERB
ajeer-3733	152	9	to	to	PART
ajeer-3733	152	10	avoid	avoid	VERB
ajeer-3733	152	11	large	large	ADJ
ajeer-3733	152	12	swings	swing	NOUN
ajeer-3733	152	13	in	in	ADP
ajeer-3733	152	14	the	the	DET
ajeer-3733	152	15	balance	balance	NOUN
ajeer-3733	152	16	compared	compare	VERB
ajeer-3733	152	17	to	to	ADP
ajeer-3733	152	18	the	the	DET
ajeer-3733	152	19	last	last	ADJ
ajeer-3733	152	20	period	period	NOUN
ajeer-3733	152	21	,	,	PUNCT
ajeer-3733	152	22	𝑐𝑎𝑑𝑡−1	𝑐𝑎𝑑𝑡−1	ADJ
ajeer-3733	152	23	,	,	PUNCT
ajeer-3733	152	24	and	and	CCONJ
ajeer-3733	152	25	also	also	ADV
ajeer-3733	152	26	wishes	wish	VERB
ajeer-3733	152	27	to	to	PART
ajeer-3733	152	28	respond	respond	VERB
ajeer-3733	152	29	to	to	ADP
ajeer-3733	152	30	a	a	DET
ajeer-3733	152	31	positive	positive	ADJ
ajeer-3733	152	32	or	or	CCONJ
ajeer-3733	152	33	negative	negative	ADJ
ajeer-3733	152	34	output	output	NOUN
ajeer-3733	152	35	gap	gap	NOUN
ajeer-3733	152	36	,	,	PUNCT
ajeer-3733	152	37	�	�	PROPN
ajeer-3733	152	38	̂	̂	NOUN
ajeer-3733	152	39	�	�	NOUN
ajeer-3733	152	40	𝑡	𝑡	NOUN
ajeer-3733	152	41	,	,	PUNCT
ajeer-3733	152	42	with	with	ADP
ajeer-3733	152	43	a	a	DET
ajeer-3733	152	44	tighter	tight	ADJ
ajeer-3733	152	45	or	or	CCONJ
ajeer-3733	152	46	looser	loose	ADJ
ajeer-3733	152	47	deficit	deficit	NOUN
ajeer-3733	152	48	.	.	PUNCT
ajeer-3733	153	1	regarding	regard	VERB
ajeer-3733	153	2	the	the	DET
ajeer-3733	153	3	latter	latter	ADJ
ajeer-3733	153	4	,	,	PUNCT
ajeer-3733	153	5	debt	debt	NOUN
ajeer-3733	153	6	stabilization	stabilization	NOUN
ajeer-3733	153	7	implies	imply	VERB
ajeer-3733	153	8	setting	set	VERB
ajeer-3733	153	9	the	the	DET
ajeer-3733	153	10	cyclically	cyclically	ADV
ajeer-3733	153	11	-	-	PUNCT
ajeer-3733	153	12	adjusted	adjust	VERB
ajeer-3733	153	13	balance	balance	NOUN
ajeer-3733	153	14	at	at	ADP
ajeer-3733	153	15	a	a	DET
ajeer-3733	153	16	level	level	NOUN
ajeer-3733	153	17	consistent	consistent	ADJ
ajeer-3733	153	18	with	with	ADP
ajeer-3733	153	19	the	the	DET
ajeer-3733	153	20	debt	debt	NOUN
ajeer-3733	153	21	target	target	NOUN
ajeer-3733	153	22	,	,	PUNCT
ajeer-3733	153	23	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	VERB
ajeer-3733	153	24	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	153	25	,	,	PUNCT
ajeer-3733	153	26	adjusted	adjust	VERB
ajeer-3733	153	27	for	for	ADP
ajeer-3733	153	28	the	the	DET
ajeer-3733	153	29	current	current	ADJ
ajeer-3733	153	30	-	-	PUNCT
ajeer-3733	153	31	period	period	NOUN
ajeer-3733	153	32	deviation	deviation	NOUN
ajeer-3733	153	33	of	of	ADP
ajeer-3733	153	34	debt	debt	NOUN
ajeer-3733	153	35	from	from	ADP
ajeer-3733	153	36	its	its	PRON
ajeer-3733	153	37	target	target	NOUN
ajeer-3733	153	38	level	level	NOUN
ajeer-3733	153	39	,	,	PUNCT
ajeer-3733	153	40	𝑏𝑡	𝑏𝑡	ADP
ajeer-3733	153	41	𝑑𝑒𝑣.8	𝑑𝑒𝑣.8	PROPN
ajeer-3733	153	42	intuitively	intuitively	ADV
ajeer-3733	153	43	,	,	PUNCT
ajeer-3733	153	44	lower	low	ADJ
ajeer-3733	153	45	-	-	PUNCT
ajeer-3733	153	46	than	than	ADP
ajeer-3733	153	47	-	-	PUNCT
ajeer-3733	153	48	targeted	target	VERB
ajeer-3733	153	49	debt	debt	NOUN
ajeer-3733	153	50	(	(	PUNCT
ajeer-3733	153	51	𝑏𝑡	𝑏𝑡	ADV
ajeer-3733	153	52	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	153	53	<	<	X
ajeer-3733	153	54	0	0	NUM
ajeer-3733	153	55	)	)	PUNCT
ajeer-3733	153	56	implies	imply	VERB
ajeer-3733	153	57	tighter	tight	ADJ
ajeer-3733	153	58	fiscal	fiscal	ADJ
ajeer-3733	153	59	policy	policy	NOUN
ajeer-3733	153	60	,	,	PUNCT
ajeer-3733	153	61	producing	produce	VERB
ajeer-3733	153	62	either	either	CCONJ
ajeer-3733	153	63	a	a	DET
ajeer-3733	153	64	surplus	surplus	NOUN
ajeer-3733	153	65	or	or	CCONJ
ajeer-3733	153	66	a	a	DET
ajeer-3733	153	67	smaller	small	ADJ
ajeer-3733	153	68	deficit	deficit	NOUN
ajeer-3733	153	69	than	than	ADP
ajeer-3733	153	70	(	(	PUNCT
ajeer-3733	153	71	𝑏𝑡	𝑏𝑡	ADV
ajeer-3733	153	72	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	153	73	=	=	SYM
ajeer-3733	153	74	0	0	NUM
ajeer-3733	153	75	)	)	PUNCT
ajeer-3733	153	76	,	,	PUNCT
ajeer-3733	153	77	and	and	CCONJ
ajeer-3733	153	78	vice	vice	ADV
ajeer-3733	153	79	versa	versa	ADV
ajeer-3733	153	80	:	:	PUNCT
ajeer-3733	153	81	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	153	82	=	=	SYM
ajeer-3733	153	83	𝑓7(𝑐𝑎𝑑𝑡−1	𝑓7(𝑐𝑎𝑑𝑡−1	PROPN
ajeer-3733	153	84	−	−	PROPN
ajeer-3733	153	85	𝑓10	𝑓10	PROPN
ajeer-3733	153	86	�	�	PROPN
ajeer-3733	153	87	̂	̂	NOUN
ajeer-3733	153	88	�	�	NOUN
ajeer-3733	153	89	𝑡	𝑡	NOUN
ajeer-3733	153	90	)	)	PUNCT
ajeer-3733	153	91	+	+	CCONJ
ajeer-3733	153	92	(	(	PUNCT
ajeer-3733	153	93	1	1	NUM
ajeer-3733	153	94	−	−	NOUN
ajeer-3733	153	95	𝑓7)(𝑐𝑎𝑑𝑡	𝑓7)(𝑐𝑎𝑑𝑡	PROPN
ajeer-3733	153	96	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	153	97	−	−	PROPN
ajeer-3733	153	98	𝑓8𝑏𝑡	𝑓8𝑏𝑡	NOUN
ajeer-3733	153	99	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	153	100	)	)	PUNCT
ajeer-3733	154	1	+	+	CCONJ
ajeer-3733	154	2	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	154	3	𝑐𝑑.	𝑐𝑑.	PROPN
ajeer-3733	154	4	(	(	PUNCT
ajeer-3733	154	5	8)	8)	NUM
ajeer-3733	154	6	the	the	DET
ajeer-3733	154	7	obvious	obvious	ADJ
ajeer-3733	154	8	implication	implication	NOUN
ajeer-3733	154	9	of	of	ADP
ajeer-3733	154	10	these	these	DET
ajeer-3733	154	11	two	two	NUM
ajeer-3733	154	12	competing	compete	VERB
ajeer-3733	154	13	objectives	objective	NOUN
ajeer-3733	154	14	is	be	AUX
ajeer-3733	154	15	that	that	SCONJ
ajeer-3733	154	16	in	in	ADP
ajeer-3733	154	17	the	the	DET
ajeer-3733	154	18	short	short	ADJ
ajeer-3733	154	19	run	run	NOUN
ajeer-3733	154	20	neither	neither	CCONJ
ajeer-3733	154	21	is	be	AUX
ajeer-3733	154	22	fully	fully	ADV
ajeer-3733	154	23	achievable	achievable	ADJ
ajeer-3733	154	24	:	:	PUNCT
ajeer-3733	154	25	while	while	SCONJ
ajeer-3733	154	26	the	the	DET
ajeer-3733	154	27	fiscal	fiscal	ADJ
ajeer-3733	154	28	authority	authority	NOUN
ajeer-3733	154	29	may	may	AUX
ajeer-3733	154	30	want	want	VERB
ajeer-3733	154	31	to	to	PART
ajeer-3733	154	32	stimulate	stimulate	VERB
ajeer-3733	154	33	the	the	DET
ajeer-3733	154	34	economy	economy	NOUN
ajeer-3733	154	35	by	by	ADP
ajeer-3733	154	36	running	run	VERB
ajeer-3733	154	37	a	a	DET
ajeer-3733	154	38	larger	large	ADJ
ajeer-3733	154	39	cyclically	cyclically	ADV
ajeer-3733	154	40	-	-	PUNCT
ajeer-3733	154	41	adjusted	adjust	VERB
ajeer-3733	154	42	deficit	deficit	NOUN
ajeer-3733	154	43	,	,	PUNCT
ajeer-3733	154	44	it	it	PRON
ajeer-3733	154	45	would	would	AUX
ajeer-3733	154	46	be	be	AUX
ajeer-3733	154	47	held	hold	VERB
ajeer-3733	154	48	back	back	ADV
ajeer-3733	154	49	by	by	ADP
ajeer-3733	154	50	debt	debt	NOUN
ajeer-3733	154	51	concerns	concern	NOUN
ajeer-3733	154	52	.	.	PUNCT
ajeer-3733	155	1	similarly	similarly	ADV
ajeer-3733	155	2	,	,	PUNCT
ajeer-3733	155	3	a	a	DET
ajeer-3733	155	4	faster	fast	ADJ
ajeer-3733	155	5	return	return	NOUN
ajeer-3733	155	6	to	to	ADP
ajeer-3733	155	7	the	the	DET
ajeer-3733	155	8	debt	debt	NOUN
ajeer-3733	155	9	target	target	NOUN
ajeer-3733	155	10	would	would	AUX
ajeer-3733	155	11	conflict	conflict	VERB
ajeer-3733	155	12	with	with	ADP
ajeer-3733	155	13	the	the	DET
ajeer-3733	155	14	output	output	NOUN
ajeer-3733	155	15	-	-	PUNCT
ajeer-3733	155	16	smoothing	smooth	VERB
ajeer-3733	155	17	objective	objective	NOUN
ajeer-3733	155	18	.	.	PUNCT
ajeer-3733	156	1	deviation	deviation	NOUN
ajeer-3733	156	2	from	from	ADP
ajeer-3733	156	3	the	the	DET
ajeer-3733	156	4	debt	debt	NOUN
ajeer-3733	156	5	target	target	NOUN
ajeer-3733	156	6	,	,	PUNCT
ajeer-3733	156	7	𝑏𝑡	𝑏𝑡	ADP
ajeer-3733	156	8	𝑑𝑒𝑣	𝑑𝑒𝑣	PROPN
ajeer-3733	156	9	,	,	PUNCT
ajeer-3733	156	10	is	be	AUX
ajeer-3733	156	11	a	a	DET
ajeer-3733	156	12	forward	forward	ADV
ajeer-3733	156	13	-	-	PUNCT
ajeer-3733	156	14	looking	look	VERB
ajeer-3733	156	15	process	process	NOUN
ajeer-3733	156	16	as	as	SCONJ
ajeer-3733	156	17	the	the	DET
ajeer-3733	156	18	fiscal	fiscal	ADJ
ajeer-3733	156	19	authority	authority	NOUN
ajeer-3733	156	20	assesses	assess	VERB
ajeer-3733	156	21	both	both	CCONJ
ajeer-3733	156	22	the	the	DET
ajeer-3733	156	23	current	current	ADJ
ajeer-3733	156	24	deviation	deviation	NOUN
ajeer-3733	156	25	and	and	CCONJ
ajeer-3733	156	26	the	the	DET
ajeer-3733	156	27	expected	expect	VERB
ajeer-3733	156	28	future	future	ADJ
ajeer-3733	156	29	path	path	NOUN
ajeer-3733	156	30	,	,	PUNCT
ajeer-3733	156	31	where	where	SCONJ
ajeer-3733	156	32	the	the	DET
ajeer-3733	156	33	debt	debt	NOUN
ajeer-3733	156	34	target	target	NOUN
ajeer-3733	156	35	itself	itself	PRON
ajeer-3733	156	36	could	could	AUX
ajeer-3733	156	37	be	be	AUX
ajeer-3733	156	38	time	time	NOUN
ajeer-3733	156	39	-	-	PUNCT
ajeer-3733	156	40	varying	vary	VERB
ajeer-3733	156	41	:	:	PUNCT
ajeer-3733	157	1	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	157	2	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	157	3	=	=	SYM
ajeer-3733	157	4	𝑓9(𝑏𝑡	𝑓9(𝑏𝑡	PROPN
ajeer-3733	157	5	−	−	PROPN
ajeer-3733	157	6	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	157	7	𝑡𝑎𝑟	𝑡𝑎𝑟	PROPN
ajeer-3733	157	8	)	)	PUNCT
ajeer-3733	158	1	+	+	CCONJ
ajeer-3733	158	2	(	(	PUNCT
ajeer-3733	158	3	1	1	NUM
ajeer-3733	158	4	−	−	PROPN
ajeer-3733	158	5	𝑓9)𝐸𝑡𝑏𝑡+1	𝑓9)𝐸𝑡𝑏𝑡+1	NOUN
ajeer-3733	158	6	𝑑𝑒𝑣.	𝑑𝑒𝑣.	X
ajeer-3733	158	7	(	(	PUNCT
ajeer-3733	158	8	9	9	X
ajeer-3733	158	9	)	)	PUNCT
ajeer-3733	158	10	debt	debt	NOUN
ajeer-3733	158	11	accumulation	accumulation	NOUN
ajeer-3733	158	12	follows	follow	VERB
ajeer-3733	158	13	the	the	DET
ajeer-3733	158	14	usual	usual	ADJ
ajeer-3733	158	15	law	law	NOUN
ajeer-3733	158	16	of	of	ADP
ajeer-3733	158	17	motion	motion	NOUN
ajeer-3733	158	18	:	:	PUNCT
ajeer-3733	158	19	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	158	20	=	=	X
ajeer-3733	158	21	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	158	22	+	+	NUM
ajeer-3733	158	23	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	158	24	+	+	CCONJ
ajeer-3733	158	25	(	(	PUNCT
ajeer-3733	158	26	1	1	NUM
ajeer-3733	158	27	+	+	NUM
ajeer-3733	158	28	𝛥𝑠𝑡)𝑏𝑡−1/(1	𝛥𝑠𝑡)𝑏𝑡−1/(1	NUM
ajeer-3733	158	29	+	+	CCONJ
ajeer-3733	158	30	𝑔𝑡	𝑔𝑡	NOUN
ajeer-3733	158	31	)	)	PUNCT
ajeer-3733	158	32	,	,	PUNCT
ajeer-3733	158	33	(	(	PUNCT
ajeer-3733	158	34	10	10	NUM
ajeer-3733	158	35	)	)	PUNCT
ajeer-3733	158	36	where	where	SCONJ
ajeer-3733	158	37	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	158	38	is	be	AUX
ajeer-3733	158	39	the	the	DET
ajeer-3733	158	40	debt	debt	NOUN
ajeer-3733	158	41	-	-	PUNCT
ajeer-3733	158	42	to	to	ADP
ajeer-3733	158	43	-	-	PUNCT
ajeer-3733	158	44	gdp	gdp	NOUN
ajeer-3733	158	45	ratio	ratio	NOUN
ajeer-3733	158	46	at	at	ADP
ajeer-3733	158	47	year	year	NOUN
ajeer-3733	158	48	𝑡	𝑡	PROPN
ajeer-3733	158	49	,	,	PUNCT
ajeer-3733	158	50	and	and	CCONJ
ajeer-3733	158	51	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	158	52	is	be	AUX
ajeer-3733	158	53	the	the	DET
ajeer-3733	158	54	overall	overall	ADJ
ajeer-3733	158	55	deficit	deficit	NOUN
ajeer-3733	158	56	(	(	PUNCT
ajeer-3733	158	57	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	158	58	>	>	PRON
ajeer-3733	158	59	0	0	NUM
ajeer-3733	158	60	indicates	indicate	VERB
ajeer-3733	158	61	a	a	DET
ajeer-3733	158	62	deficit	deficit	NOUN
ajeer-3733	158	63	,	,	PUNCT
ajeer-3733	158	64	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	158	65	<	<	X
ajeer-3733	158	66	0	0	NUM
ajeer-3733	158	67	a	a	DET
ajeer-3733	158	68	surplus	surplus	NOUN
ajeer-3733	158	69	)	)	PUNCT
ajeer-3733	158	70	;	;	PUNCT
ajeer-3733	158	71	𝑔𝑡	𝑔𝑡	ADV
ajeer-3733	158	72	is	be	AUX
ajeer-3733	158	73	the	the	DET
ajeer-3733	158	74	growth	growth	NOUN
ajeer-3733	158	75	rate	rate	NOUN
ajeer-3733	158	76	of	of	ADP
ajeer-3733	158	77	nominal	nominal	PROPN
ajeer-3733	158	78	gdp	gdp	NOUN
ajeer-3733	158	79	,	,	PUNCT
ajeer-3733	158	80	𝛥𝑠𝑡	𝛥𝑠𝑡	PROPN
ajeer-3733	158	81	denotes	denote	VERB
ajeer-3733	158	82	the	the	DET
ajeer-3733	158	83	revaluation	revaluation	NOUN
ajeer-3733	158	84	term	term	NOUN
ajeer-3733	158	85	of	of	ADP
ajeer-3733	158	86	foreign	foreign	ADJ
ajeer-3733	158	87	-	-	PUNCT
ajeer-3733	158	88	currency	currency	NOUN
ajeer-3733	158	89	-	-	PUNCT
ajeer-3733	158	90	denominated	denominate	VERB
ajeer-3733	158	91	concessional	concessional	ADJ
ajeer-3733	158	92	debt	debt	NOUN
ajeer-3733	158	93	,	,	PUNCT
ajeer-3733	158	94	and	and	CCONJ
ajeer-3733	158	95	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	158	96	denotes	denote	NOUN
ajeer-3733	158	97	changes	change	VERB
ajeer-3733	158	98	in	in	ADP
ajeer-3733	158	99	government	government	NOUN
ajeer-3733	158	100	deposits	deposit	NOUN
ajeer-3733	158	101	.	.	PUNCT
ajeer-3733	159	1	the	the	DET
ajeer-3733	159	2	choice	choice	NOUN
ajeer-3733	159	3	of	of	ADP
ajeer-3733	159	4	financing	financing	NOUN
ajeer-3733	159	5	between	between	ADP
ajeer-3733	159	6	changes	change	NOUN
ajeer-3733	159	7	in	in	ADP
ajeer-3733	159	8	the	the	DET
ajeer-3733	159	9	stock	stock	NOUN
ajeer-3733	159	10	of	of	ADP
ajeer-3733	159	11	debt	debt	NOUN
ajeer-3733	159	12	and	and	CCONJ
ajeer-3733	159	13	the	the	DET
ajeer-3733	159	14	stock	stock	NOUN
ajeer-3733	159	15	of	of	ADP
ajeer-3733	159	16	deposits	deposit	NOUN
ajeer-3733	159	17	at	at	ADP
ajeer-3733	159	18	the	the	DET
ajeer-3733	159	19	central	central	ADJ
ajeer-3733	159	20	bank	bank	NOUN
ajeer-3733	159	21	goes	go	VERB
ajeer-3733	159	22	beyond	beyond	ADP
ajeer-3733	159	23	a	a	DET
ajeer-3733	159	24	simple	simple	ADJ
ajeer-3733	159	25	accounting	accounting	NOUN
ajeer-3733	159	26	exercise	exercise	NOUN
ajeer-3733	159	27	—	—	PUNCT
ajeer-3733	159	28	certainly	certainly	ADV
ajeer-3733	159	29	in	in	ADP
ajeer-3733	159	30	cambodia	cambodia	PROPN
ajeer-3733	159	31	.	.	PUNCT
ajeer-3733	160	1	disbursements	disbursement	NOUN
ajeer-3733	160	2	by	by	ADP
ajeer-3733	160	3	external	external	ADJ
ajeer-3733	160	4	lenders	lender	NOUN
ajeer-3733	160	5	are	be	AUX
ajeer-3733	160	6	relatively	relatively	ADV
ajeer-3733	160	7	infrequent	infrequent	ADJ
ajeer-3733	160	8	and	and	CCONJ
ajeer-3733	160	9	mostly	mostly	ADV
ajeer-3733	160	10	related	relate	VERB
ajeer-3733	160	11	to	to	ADP
ajeer-3733	160	12	donor	donor	NOUN
ajeer-3733	160	13	-	-	PUNCT
ajeer-3733	160	14	funded	fund	VERB
ajeer-3733	160	15	investment	investment	NOUN
ajeer-3733	160	16	projects	project	NOUN
ajeer-3733	160	17	.	.	PUNCT
ajeer-3733	161	1	in	in	ADP
ajeer-3733	161	2	the	the	DET
ajeer-3733	161	3	absence	absence	NOUN
ajeer-3733	161	4	of	of	ADP
ajeer-3733	161	5	short	short	ADJ
ajeer-3733	161	6	-	-	PUNCT
ajeer-3733	161	7	term	term	NOUN
ajeer-3733	161	8	treasury	treasury	NOUN
ajeer-3733	161	9	bills	bill	NOUN
ajeer-3733	161	10	or	or	CCONJ
ajeer-3733	161	11	borrowing	borrow	VERB
ajeer-3733	161	12	from	from	ADP
ajeer-3733	161	13	the	the	DET
ajeer-3733	161	14	banking	banking	NOUN
ajeer-3733	161	15	system	system	NOUN
ajeer-3733	161	16	,	,	PUNCT
ajeer-3733	161	17	to	to	PART
ajeer-3733	161	18	finance	finance	VERB
ajeer-3733	161	19	its	its	PRON
ajeer-3733	161	20	day	day	NOUN
ajeer-3733	161	21	-	-	PUNCT
ajeer-3733	161	22	to	to	ADP
ajeer-3733	161	23	-	-	PUNCT
ajeer-3733	161	24	day	day	NOUN
ajeer-3733	161	25	operations	operation	NOUN
ajeer-3733	161	26	the	the	DET
ajeer-3733	161	27	treasury	treasury	NOUN
ajeer-3733	161	28	has	have	AUX
ajeer-3733	161	29	built	build	VERB
ajeer-3733	161	30	a	a	DET
ajeer-3733	161	31	buffer	buffer	NOUN
ajeer-3733	161	32	of	of	ADP
ajeer-3733	161	33	government	government	NOUN
ajeer-3733	161	34	deposits	deposit	NOUN
ajeer-3733	161	35	at	at	ADP
ajeer-3733	161	36	the	the	DET
ajeer-3733	161	37	nbc.9	nbc.9	NOUN
ajeer-3733	161	38	this	this	PRON
ajeer-3733	161	39	brings	bring	VERB
ajeer-3733	161	40	up	up	ADP
ajeer-3733	161	41	a	a	DET
ajeer-3733	161	42	somewhat	somewhat	ADV
ajeer-3733	161	43	peculiar	peculiar	ADJ
ajeer-3733	161	44	feature	feature	NOUN
ajeer-3733	161	45	of	of	ADP
ajeer-3733	161	46	cambodia	cambodia	PROPN
ajeer-3733	161	47	’s	’s	PART
ajeer-3733	161	48	fiscal	fiscal	ADJ
ajeer-3733	161	49	operations	operation	NOUN
ajeer-3733	161	50	:	:	PUNCT
ajeer-3733	161	51	in	in	ADP
ajeer-3733	161	52	the	the	DET
ajeer-3733	161	53	short	short	ADJ
ajeer-3733	161	54	run	run	NOUN
ajeer-3733	161	55	,	,	PUNCT
ajeer-3733	161	56	7	7	NUM
ajeer-3733	161	57	recall	recall	VERB
ajeer-3733	161	58	that	that	SCONJ
ajeer-3733	161	59	the	the	DET
ajeer-3733	161	60	market	market	NOUN
ajeer-3733	161	61	interest	interest	NOUN
ajeer-3733	161	62	rate	rate	NOUN
ajeer-3733	161	63	for	for	ADP
ajeer-3733	161	64	the	the	DET
ajeer-3733	161	65	private	private	ADJ
ajeer-3733	161	66	sector	sector	NOUN
ajeer-3733	161	67	differs	differ	VERB
ajeer-3733	161	68	from	from	ADP
ajeer-3733	161	69	the	the	DET
ajeer-3733	161	70	interest	interest	NOUN
ajeer-3733	161	71	rate	rate	NOUN
ajeer-3733	161	72	on	on	ADP
ajeer-3733	161	73	public	public	ADJ
ajeer-3733	161	74	debt	debt	NOUN
ajeer-3733	161	75	.	.	PUNCT
ajeer-3733	162	1	8	8	NUM
ajeer-3733	162	2	the	the	DET
ajeer-3733	162	3	cyclically	cyclically	ADV
ajeer-3733	162	4	-	-	PUNCT
ajeer-3733	162	5	adjusted	adjust	VERB
ajeer-3733	162	6	budget	budget	NOUN
ajeer-3733	162	7	balance	balance	NOUN
ajeer-3733	162	8	is	be	AUX
ajeer-3733	162	9	the	the	DET
ajeer-3733	162	10	balance	balance	NOUN
ajeer-3733	162	11	that	that	PRON
ajeer-3733	162	12	would	would	AUX
ajeer-3733	162	13	obtain	obtain	VERB
ajeer-3733	162	14	when	when	SCONJ
ajeer-3733	162	15	gdp	gdp	NOUN
ajeer-3733	162	16	reaches	reach	VERB
ajeer-3733	162	17	its	its	PRON
ajeer-3733	162	18	potential	potential	NOUN
ajeer-3733	162	19	.	.	PUNCT
ajeer-3733	163	1	the	the	DET
ajeer-3733	163	2	cyclically	cyclically	ADV
ajeer-3733	163	3	-	-	PUNCT
ajeer-3733	163	4	adjusted	adjust	VERB
ajeer-3733	163	5	measure	measure	NOUN
ajeer-3733	163	6	better	well	ADV
ajeer-3733	163	7	describes	describe	VERB
ajeer-3733	163	8	the	the	DET
ajeer-3733	163	9	stance	stance	NOUN
ajeer-3733	163	10	of	of	ADP
ajeer-3733	163	11	fiscal	fiscal	ADJ
ajeer-3733	163	12	policy	policy	NOUN
ajeer-3733	163	13	than	than	ADP
ajeer-3733	163	14	the	the	DET
ajeer-3733	163	15	headline	headline	NOUN
ajeer-3733	163	16	balance	balance	NOUN
ajeer-3733	163	17	,	,	PUNCT
ajeer-3733	163	18	as	as	SCONJ
ajeer-3733	163	19	it	it	PRON
ajeer-3733	163	20	removes	remove	VERB
ajeer-3733	163	21	the	the	DET
ajeer-3733	163	22	endogenous	endogenous	ADJ
ajeer-3733	163	23	components	component	NOUN
ajeer-3733	163	24	of	of	ADP
ajeer-3733	163	25	spending	spending	NOUN
ajeer-3733	163	26	and	and	CCONJ
ajeer-3733	163	27	revenues	revenue	NOUN
ajeer-3733	163	28	.	.	PUNCT
ajeer-3733	164	1	in	in	ADP
ajeer-3733	164	2	our	our	PRON
ajeer-3733	164	3	model	model	NOUN
ajeer-3733	164	4	we	we	PRON
ajeer-3733	164	5	use	use	VERB
ajeer-3733	164	6	the	the	DET
ajeer-3733	164	7	common	common	ADJ
ajeer-3733	164	8	definition	definition	NOUN
ajeer-3733	164	9	of	of	ADP
ajeer-3733	164	10	the	the	DET
ajeer-3733	164	11	cyclically	cyclically	ADV
ajeer-3733	164	12	-	-	PUNCT
ajeer-3733	164	13	adjusted	adjust	VERB
ajeer-3733	164	14	balance	balance	NOUN
ajeer-3733	164	15	,	,	PUNCT
ajeer-3733	164	16	see	see	VERB
ajeer-3733	164	17	fedelino	fedelino	NOUN
ajeer-3733	164	18	,	,	PUNCT
ajeer-3733	164	19	ivanova	ivanova	PROPN
ajeer-3733	164	20	,	,	PUNCT
ajeer-3733	164	21	and	and	CCONJ
ajeer-3733	164	22	horton	horton	PROPN
ajeer-3733	164	23	(	(	PUNCT
ajeer-3733	164	24	2009	2009	NUM
ajeer-3733	164	25	):	):	PUNCT
ajeer-3733	164	26	𝑐𝑎𝑑	𝑐𝑎𝑑	NOUN
ajeer-3733	164	27	=	=	SYM
ajeer-3733	164	28	−𝜖	−𝜖	PROPN
ajeer-3733	164	29	�	�	PROPN
ajeer-3733	164	30	̂	̂	NUM
ajeer-3733	164	31	�	�	PROPN
ajeer-3733	164	32	,	,	PUNCT
ajeer-3733	164	33	and	and	CCONJ
ajeer-3733	164	34	our	our	PRON
ajeer-3733	164	35	calibration	calibration	NOUN
ajeer-3733	164	36	of	of	ADP
ajeer-3733	164	37	𝜖	𝜖	PROPN
ajeer-3733	164	38	follows	follow	VERB
ajeer-3733	164	39	(	(	PUNCT
ajeer-3733	164	40	price	price	NOUN
ajeer-3733	164	41	,	,	PUNCT
ajeer-3733	164	42	dang	dang	INTJ
ajeer-3733	164	43	,	,	PUNCT
ajeer-3733	164	44	&	&	CCONJ
ajeer-3733	164	45	botev	botev	NOUN
ajeer-3733	164	46	,	,	PUNCT
ajeer-3733	164	47	2015	2015	NUM
ajeer-3733	164	48	)	)	PUNCT
ajeer-3733	164	49	.	.	PUNCT
ajeer-3733	165	1	9	9	NUM
ajeer-3733	165	2	the	the	DET
ajeer-3733	165	3	impact	impact	NOUN
ajeer-3733	165	4	of	of	ADP
ajeer-3733	165	5	changes	change	NOUN
ajeer-3733	165	6	in	in	ADP
ajeer-3733	165	7	government	government	NOUN
ajeer-3733	165	8	deposits	deposit	NOUN
ajeer-3733	165	9	(	(	PUNCT
ajeer-3733	165	10	negative	negative	ADJ
ajeer-3733	165	11	net	net	ADJ
ajeer-3733	165	12	claims	claim	NOUN
ajeer-3733	165	13	on	on	ADP
ajeer-3733	165	14	government	government	NOUN
ajeer-3733	165	15	)	)	PUNCT
ajeer-3733	165	16	on	on	ADP
ajeer-3733	165	17	private	private	ADJ
ajeer-3733	165	18	sector	sector	NOUN
ajeer-3733	165	19	lending	lending	NOUN
ajeer-3733	165	20	depends	depend	VERB
ajeer-3733	165	21	on	on	ADP
ajeer-3733	165	22	where	where	SCONJ
ajeer-3733	165	23	government	government	NOUN
ajeer-3733	165	24	savings	saving	NOUN
ajeer-3733	165	25	are	be	AUX
ajeer-3733	165	26	deposited	deposit	VERB
ajeer-3733	165	27	.	.	PUNCT
ajeer-3733	166	1	if	if	SCONJ
ajeer-3733	166	2	they	they	PRON
ajeer-3733	166	3	are	be	AUX
ajeer-3733	166	4	deposited	deposit	VERB
ajeer-3733	166	5	in	in	ADP
ajeer-3733	166	6	the	the	DET
ajeer-3733	166	7	central	central	ADJ
ajeer-3733	166	8	bank	bank	NOUN
ajeer-3733	166	9	,	,	PUNCT
ajeer-3733	166	10	as	as	ADP
ajeer-3733	166	11	in	in	ADP
ajeer-3733	166	12	cambodia	cambodia	PROPN
ajeer-3733	166	13	,	,	PUNCT
ajeer-3733	166	14	the	the	DET
ajeer-3733	166	15	impact	impact	NOUN
ajeer-3733	166	16	on	on	ADP
ajeer-3733	166	17	private	private	ADJ
ajeer-3733	166	18	sector	sector	NOUN
ajeer-3733	166	19	lending	lending	NOUN
ajeer-3733	166	20	is	be	AUX
ajeer-3733	166	21	zero	zero	NUM
ajeer-3733	166	22	.	.	PUNCT
ajeer-3733	167	1	if	if	SCONJ
ajeer-3733	167	2	they	they	PRON
ajeer-3733	167	3	are	be	AUX
ajeer-3733	167	4	deposited	deposit	VERB
ajeer-3733	167	5	in	in	ADP
ajeer-3733	167	6	commercial	commercial	ADJ
ajeer-3733	167	7	banks	bank	NOUN
ajeer-3733	167	8	,	,	PUNCT
ajeer-3733	167	9	their	their	PRON
ajeer-3733	167	10	asian	asian	ADJ
ajeer-3733	167	11	journal	journal	NOUN
ajeer-3733	167	12	of	of	ADP
ajeer-3733	167	13	economics	economic	NOUN
ajeer-3733	167	14	and	and	CCONJ
ajeer-3733	167	15	empirical	empirical	ADJ
ajeer-3733	167	16	research	research	NOUN
ajeer-3733	167	17	,	,	PUNCT
ajeer-3733	167	18	2022	2022	NUM
ajeer-3733	167	19	,	,	PUNCT
ajeer-3733	167	20	9(1	9(1	NUM
ajeer-3733	167	21	):	):	PUNCT
ajeer-3733	167	22	21	21	NUM
ajeer-3733	167	23	-	-	SYM
ajeer-3733	167	24	37	37	NUM
ajeer-3733	167	25	26	26	NUM
ajeer-3733	167	26	©	©	PROPN
ajeer-3733	167	27	2022	2022	NUM
ajeer-3733	167	28	by	by	ADP
ajeer-3733	167	29	the	the	DET
ajeer-3733	167	30	authors	author	NOUN
ajeer-3733	167	31	;	;	PUNCT
ajeer-3733	167	32	licensee	licensee	PROPN
ajeer-3733	167	33	asian	asian	ADJ
ajeer-3733	167	34	online	online	PROPN
ajeer-3733	167	35	journal	journal	PROPN
ajeer-3733	167	36	publishing	publishing	NOUN
ajeer-3733	167	37	group	group	PROPN
ajeer-3733	167	38	gross	gross	ADJ
ajeer-3733	167	39	debt	debt	NOUN
ajeer-3733	167	40	is	be	AUX
ajeer-3733	167	41	“	"	PUNCT
ajeer-3733	167	42	passive	passive	ADJ
ajeer-3733	167	43	,	,	PUNCT
ajeer-3733	167	44	”	"	PUNCT
ajeer-3733	167	45	reflecting	reflect	VERB
ajeer-3733	167	46	the	the	DET
ajeer-3733	167	47	donor	donor	NOUN
ajeer-3733	167	48	-	-	PUNCT
ajeer-3733	167	49	driven	drive	VERB
ajeer-3733	167	50	supply	supply	NOUN
ajeer-3733	167	51	of	of	ADP
ajeer-3733	167	52	loans	loan	NOUN
ajeer-3733	167	53	.	.	PUNCT
ajeer-3733	168	1	in	in	ADP
ajeer-3733	168	2	contrast	contrast	NOUN
ajeer-3733	168	3	,	,	PUNCT
ajeer-3733	168	4	government	government	NOUN
ajeer-3733	168	5	deposits	deposit	NOUN
ajeer-3733	168	6	are	be	AUX
ajeer-3733	168	7	an	an	DET
ajeer-3733	168	8	“	"	PUNCT
ajeer-3733	168	9	active	active	ADJ
ajeer-3733	168	10	,	,	PUNCT
ajeer-3733	168	11	”	"	PUNCT
ajeer-3733	168	12	domestically	domestically	ADV
ajeer-3733	168	13	-	-	PUNCT
ajeer-3733	168	14	determined	determine	VERB
ajeer-3733	168	15	variable	variable	NOUN
ajeer-3733	168	16	.	.	PUNCT
ajeer-3733	169	1	in	in	ADP
ajeer-3733	169	2	good	good	ADJ
ajeer-3733	169	3	times	time	NOUN
ajeer-3733	169	4	,	,	PUNCT
ajeer-3733	169	5	the	the	DET
ajeer-3733	169	6	fiscal	fiscal	ADJ
ajeer-3733	169	7	authority	authority	NOUN
ajeer-3733	169	8	borrows	borrow	VERB
ajeer-3733	169	9	more	more	ADJ
ajeer-3733	169	10	than	than	ADP
ajeer-3733	169	11	is	be	AUX
ajeer-3733	169	12	needed	need	VERB
ajeer-3733	169	13	and	and	CCONJ
ajeer-3733	169	14	saves	save	VERB
ajeer-3733	169	15	the	the	DET
ajeer-3733	169	16	proceeds	proceed	NOUN
ajeer-3733	169	17	in	in	ADP
ajeer-3733	169	18	the	the	DET
ajeer-3733	169	19	central	central	ADJ
ajeer-3733	169	20	bank	bank	NOUN
ajeer-3733	169	21	,	,	PUNCT
ajeer-3733	169	22	effectively	effectively	ADV
ajeer-3733	169	23	pre	pre	ADJ
ajeer-3733	169	24	-	-	ADJ
ajeer-3733	169	25	financing	financing	ADJ
ajeer-3733	169	26	future	future	ADJ
ajeer-3733	169	27	debt	debt	NOUN
ajeer-3733	169	28	needs	need	NOUN
ajeer-3733	169	29	.	.	PUNCT
ajeer-3733	170	1	in	in	ADP
ajeer-3733	170	2	bad	bad	ADJ
ajeer-3733	170	3	times	time	NOUN
ajeer-3733	170	4	,	,	PUNCT
ajeer-3733	170	5	it	it	PRON
ajeer-3733	170	6	draws	draw	VERB
ajeer-3733	170	7	down	down	ADP
ajeer-3733	170	8	these	these	DET
ajeer-3733	170	9	deposits	deposit	NOUN
ajeer-3733	170	10	without	without	ADP
ajeer-3733	170	11	needing	need	VERB
ajeer-3733	170	12	to	to	PART
ajeer-3733	170	13	approach	approach	VERB
ajeer-3733	170	14	either	either	CCONJ
ajeer-3733	170	15	concessional	concessional	ADJ
ajeer-3733	170	16	lenders	lender	NOUN
ajeer-3733	170	17	or	or	CCONJ
ajeer-3733	170	18	capital	capital	NOUN
ajeer-3733	170	19	markets	market	NOUN
ajeer-3733	170	20	.	.	PUNCT
ajeer-3733	171	1	the	the	DET
ajeer-3733	171	2	fiscal	fiscal	ADJ
ajeer-3733	171	3	authority	authority	NOUN
ajeer-3733	171	4	,	,	PUNCT
ajeer-3733	171	5	therefore	therefore	ADV
ajeer-3733	171	6	,	,	PUNCT
ajeer-3733	171	7	targets	target	VERB
ajeer-3733	171	8	a	a	DET
ajeer-3733	171	9	level	level	NOUN
ajeer-3733	171	10	of	of	ADP
ajeer-3733	171	11	deposits	deposit	NOUN
ajeer-3733	171	12	that	that	PRON
ajeer-3733	171	13	guarantees	guarantee	VERB
ajeer-3733	171	14	current	current	ADJ
ajeer-3733	171	15	and	and	CCONJ
ajeer-3733	171	16	future	future	ADJ
ajeer-3733	171	17	payment	payment	NOUN
ajeer-3733	171	18	of	of	ADP
ajeer-3733	171	19	its	its	PRON
ajeer-3733	171	20	bills	bill	NOUN
ajeer-3733	171	21	,	,	PUNCT
ajeer-3733	171	22	keeping	keep	VERB
ajeer-3733	171	23	in	in	ADP
ajeer-3733	171	24	mind	mind	NOUN
ajeer-3733	171	25	the	the	DET
ajeer-3733	171	26	cyclical	cyclical	ADJ
ajeer-3733	171	27	position	position	NOUN
ajeer-3733	171	28	of	of	ADP
ajeer-3733	171	29	the	the	DET
ajeer-3733	171	30	economy	economy	NOUN
ajeer-3733	171	31	.	.	PUNCT
ajeer-3733	172	1	we	we	PRON
ajeer-3733	172	2	specify	specify	VERB
ajeer-3733	172	3	the	the	DET
ajeer-3733	172	4	following	follow	VERB
ajeer-3733	172	5	law	law	NOUN
ajeer-3733	172	6	of	of	ADP
ajeer-3733	172	7	motion	motion	NOUN
ajeer-3733	172	8	for	for	ADP
ajeer-3733	172	9	government	government	NOUN
ajeer-3733	172	10	deposits	deposit	NOUN
ajeer-3733	172	11	,	,	PUNCT
ajeer-3733	172	12	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	172	13	:	:	PUNCT
ajeer-3733	172	14	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	172	15	=	=	PUNCT
ajeer-3733	173	1	𝑔2∆𝑥𝑡−1	𝑔2∆𝑥𝑡−1	PROPN
ajeer-3733	174	1	+	+	CCONJ
ajeer-3733	174	2	(	(	PUNCT
ajeer-3733	174	3	1	1	NUM
ajeer-3733	174	4	−	−	ADV
ajeer-3733	174	5	𝑔2)(∆𝑥𝑡	𝑔2)(∆𝑥𝑡	ADJ
ajeer-3733	174	6	𝑡𝑎𝑟	𝑡𝑎𝑟	PROPN
ajeer-3733	174	7	+	+	CCONJ
ajeer-3733	174	8	𝑔3	𝑔3	ADJ
ajeer-3733	174	9	�	�	PROPN
ajeer-3733	174	10	̂	̂	SYM
ajeer-3733	174	11	�	�	NOUN
ajeer-3733	174	12	𝑡	𝑡	ADP
ajeer-3733	174	13	+	+	NOUN
ajeer-3733	174	14	𝑔4(𝑝𝑑𝑡	𝑔4(𝑝𝑑𝑡	NOUN
ajeer-3733	174	15	−	−	PROPN
ajeer-3733	174	16	𝑝𝑑𝑡	𝑝𝑑𝑡	NOUN
ajeer-3733	174	17	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	174	18	)	)	PUNCT
ajeer-3733	174	19	)	)	PUNCT
ajeer-3733	175	1	+	+	CCONJ
ajeer-3733	175	2	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	175	3	𝑥	𝑥	NOUN
ajeer-3733	175	4	,	,	PUNCT
ajeer-3733	175	5	(	(	PUNCT
ajeer-3733	175	6	11	11	NUM
ajeer-3733	175	7	)	)	PUNCT
ajeer-3733	175	8	where	where	SCONJ
ajeer-3733	175	9	𝑥𝑡	𝑥𝑡	DET
ajeer-3733	175	10	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	175	11	is	be	AUX
ajeer-3733	175	12	the	the	DET
ajeer-3733	175	13	desired	desire	VERB
ajeer-3733	175	14	level	level	NOUN
ajeer-3733	175	15	of	of	ADP
ajeer-3733	175	16	government	government	NOUN
ajeer-3733	175	17	deposits	deposit	NOUN
ajeer-3733	175	18	;	;	PUNCT
ajeer-3733	175	19	based	base	VERB
ajeer-3733	175	20	on	on	ADP
ajeer-3733	175	21	the	the	DET
ajeer-3733	175	22	historic	historic	ADJ
ajeer-3733	175	23	average	average	NOUN
ajeer-3733	175	24	,	,	PUNCT
ajeer-3733	175	25	we	we	PRON
ajeer-3733	175	26	calibrate	calibrate	VERB
ajeer-3733	175	27	its	its	PRON
ajeer-3733	175	28	steadystate	steadystate	ADJ
ajeer-3733	175	29	value	value	NOUN
ajeer-3733	175	30	at	at	ADP
ajeer-3733	175	31	8	8	NUM
ajeer-3733	175	32	percent	percent	NOUN
ajeer-3733	175	33	of	of	ADP
ajeer-3733	175	34	gdp	gdp	NOUN
ajeer-3733	175	35	.	.	PUNCT
ajeer-3733	176	1	the	the	DET
ajeer-3733	176	2	policymaker	policymaker	NOUN
ajeer-3733	176	3	will	will	AUX
ajeer-3733	176	4	smooth	smooth	VERB
ajeer-3733	176	5	out	out	ADP
ajeer-3733	176	6	deposits	deposit	NOUN
ajeer-3733	176	7	around	around	ADP
ajeer-3733	176	8	the	the	DET
ajeer-3733	176	9	target	target	NOUN
ajeer-3733	176	10	,	,	PUNCT
ajeer-3733	176	11	accumulating	accumulate	VERB
ajeer-3733	176	12	deposits	deposit	NOUN
ajeer-3733	176	13	when	when	SCONJ
ajeer-3733	176	14	the	the	DET
ajeer-3733	176	15	economy	economy	NOUN
ajeer-3733	176	16	operates	operate	VERB
ajeer-3733	176	17	above	above	ADP
ajeer-3733	176	18	its	its	PRON
ajeer-3733	176	19	potential	potential	ADJ
ajeer-3733	176	20	and	and	CCONJ
ajeer-3733	176	21	“	"	PUNCT
ajeer-3733	176	22	decumulating	decumulating	NOUN
ajeer-3733	176	23	”	"	PUNCT
ajeer-3733	176	24	when	when	SCONJ
ajeer-3733	176	25	it	it	PRON
ajeer-3733	176	26	operates	operate	VERB
ajeer-3733	176	27	below	below	ADV
ajeer-3733	176	28	,	,	PUNCT
ajeer-3733	176	29	and	and	CCONJ
ajeer-3733	176	30	then	then	ADV
ajeer-3733	176	31	accumulate	accumulate	VERB
ajeer-3733	176	32	or	or	CCONJ
ajeer-3733	176	33	decumulate	decumulate	VERB
ajeer-3733	176	34	as	as	SCONJ
ajeer-3733	176	35	needed	need	VERB
ajeer-3733	176	36	,	,	PUNCT
ajeer-3733	176	37	whenever	whenever	SCONJ
ajeer-3733	176	38	the	the	DET
ajeer-3733	176	39	primary	primary	ADJ
ajeer-3733	176	40	deficit	deficit	NOUN
ajeer-3733	176	41	deviates	deviate	VERB
ajeer-3733	176	42	from	from	ADP
ajeer-3733	176	43	the	the	DET
ajeer-3733	176	44	debt	debt	NOUN
ajeer-3733	176	45	-	-	PUNCT
ajeer-3733	176	46	stabilizing	stabilize	VERB
ajeer-3733	176	47	level	level	NOUN
ajeer-3733	176	48	.	.	PUNCT
ajeer-3733	177	1	a	a	DET
ajeer-3733	177	2	further	further	ADJ
ajeer-3733	177	3	reason	reason	NOUN
ajeer-3733	177	4	to	to	PART
ajeer-3733	177	5	separate	separate	VERB
ajeer-3733	177	6	the	the	DET
ajeer-3733	177	7	financing	financing	NOUN
ajeer-3733	177	8	items	item	NOUN
ajeer-3733	177	9	is	be	AUX
ajeer-3733	177	10	their	their	PRON
ajeer-3733	177	11	differential	differential	ADJ
ajeer-3733	177	12	impact	impact	NOUN
ajeer-3733	177	13	on	on	ADP
ajeer-3733	177	14	the	the	DET
ajeer-3733	177	15	risk	risk	NOUN
ajeer-3733	177	16	premium	premium	NOUN
ajeer-3733	177	17	and	and	CCONJ
ajeer-3733	177	18	thus	thus	ADV
ajeer-3733	177	19	on	on	ADP
ajeer-3733	177	20	the	the	DET
ajeer-3733	177	21	neutral	neutral	ADJ
ajeer-3733	177	22	real	real	ADJ
ajeer-3733	177	23	interest	interest	NOUN
ajeer-3733	177	24	rate	rate	NOUN
ajeer-3733	177	25	.	.	PUNCT
ajeer-3733	178	1	empirically	empirically	ADV
ajeer-3733	178	2	,	,	PUNCT
ajeer-3733	178	3	countries	country	NOUN
ajeer-3733	178	4	with	with	ADP
ajeer-3733	178	5	larger	large	ADJ
ajeer-3733	178	6	gross	gross	ADJ
ajeer-3733	178	7	debt	debt	NOUN
ajeer-3733	178	8	-	-	PUNCT
ajeer-3733	178	9	to	to	ADP
ajeer-3733	178	10	-	-	PUNCT
ajeer-3733	178	11	gdp	gdp	NOUN
ajeer-3733	178	12	ratios	ratio	NOUN
ajeer-3733	178	13	have	have	AUX
ajeer-3733	178	14	had	have	VERB
ajeer-3733	178	15	to	to	PART
ajeer-3733	178	16	offer	offer	VERB
ajeer-3733	178	17	higher	high	ADJ
ajeer-3733	178	18	yields	yield	NOUN
ajeer-3733	178	19	to	to	ADP
ajeer-3733	178	20	investors	investor	NOUN
ajeer-3733	178	21	(	(	PUNCT
ajeer-3733	178	22	engen	engen	PROPN
ajeer-3733	178	23	&	&	CCONJ
ajeer-3733	178	24	hubbard	hubbard	PROPN
ajeer-3733	178	25	,	,	PUNCT
ajeer-3733	178	26	2004	2004	NUM
ajeer-3733	178	27	;	;	PUNCT
ajeer-3733	178	28	jaramillo	jaramillo	PROPN
ajeer-3733	178	29	&	&	CCONJ
ajeer-3733	178	30	weber	weber	PROPN
ajeer-3733	178	31	,	,	PUNCT
ajeer-3733	178	32	2012	2012	NUM
ajeer-3733	178	33	)	)	PUNCT
ajeer-3733	178	34	.	.	PUNCT
ajeer-3733	179	1	during	during	ADP
ajeer-3733	179	2	periods	period	NOUN
ajeer-3733	179	3	of	of	ADP
ajeer-3733	179	4	financial	financial	ADJ
ajeer-3733	179	5	turmoil	turmoil	NOUN
ajeer-3733	179	6	,	,	PUNCT
ajeer-3733	179	7	as	as	ADP
ajeer-3733	179	8	in	in	ADP
ajeer-3733	179	9	a	a	DET
ajeer-3733	179	10	cyclical	cyclical	ADJ
ajeer-3733	179	11	downswing	downswing	NOUN
ajeer-3733	179	12	or	or	CCONJ
ajeer-3733	179	13	with	with	ADP
ajeer-3733	179	14	a	a	DET
ajeer-3733	179	15	primary	primary	ADJ
ajeer-3733	179	16	deficit	deficit	NOUN
ajeer-3733	179	17	temporarily	temporarily	ADV
ajeer-3733	179	18	above	above	ADP
ajeer-3733	179	19	the	the	DET
ajeer-3733	179	20	debt	debt	NOUN
ajeer-3733	179	21	-	-	PUNCT
ajeer-3733	179	22	stabilizing	stabilize	VERB
ajeer-3733	179	23	level	level	NOUN
ajeer-3733	179	24	,	,	PUNCT
ajeer-3733	179	25	countries	country	NOUN
ajeer-3733	179	26	should	should	AUX
ajeer-3733	179	27	be	be	AUX
ajeer-3733	179	28	better	well	ADJ
ajeer-3733	179	29	off	off	ADP
ajeer-3733	179	30	drawing	draw	VERB
ajeer-3733	179	31	down	down	ADP
ajeer-3733	179	32	buffer	buffer	NOUN
ajeer-3733	179	33	stocks	stock	NOUN
ajeer-3733	179	34	of	of	ADP
ajeer-3733	179	35	deposits	deposit	NOUN
ajeer-3733	179	36	rather	rather	ADV
ajeer-3733	179	37	than	than	ADP
ajeer-3733	179	38	borrowing	borrow	VERB
ajeer-3733	179	39	at	at	ADP
ajeer-3733	179	40	higher	high	ADJ
ajeer-3733	179	41	,	,	PUNCT
ajeer-3733	179	42	non	non	ADJ
ajeer-3733	179	43	-	-	ADJ
ajeer-3733	179	44	concessional	concessional	ADJ
ajeer-3733	179	45	rates.10	rates.10	NOUN
ajeer-3733	179	46	a	a	DET
ajeer-3733	179	47	depositdissaving	depositdissaving	ADJ
ajeer-3733	179	48	scenario	scenario	NOUN
ajeer-3733	179	49	would	would	AUX
ajeer-3733	179	50	limit	limit	VERB
ajeer-3733	179	51	the	the	DET
ajeer-3733	179	52	impact	impact	NOUN
ajeer-3733	179	53	on	on	ADP
ajeer-3733	179	54	the	the	DET
ajeer-3733	179	55	risk	risk	NOUN
ajeer-3733	179	56	premium	premium	NOUN
ajeer-3733	179	57	and	and	CCONJ
ajeer-3733	179	58	thus	thus	ADV
ajeer-3733	179	59	keep	keep	VERB
ajeer-3733	179	60	the	the	DET
ajeer-3733	179	61	equilibrium	equilibrium	NOUN
ajeer-3733	179	62	real	real	ADJ
ajeer-3733	179	63	interest	interest	NOUN
ajeer-3733	179	64	rate	rate	NOUN
ajeer-3733	179	65	lower	low	ADJ
ajeer-3733	179	66	than	than	ADP
ajeer-3733	179	67	in	in	ADP
ajeer-3733	179	68	the	the	DET
ajeer-3733	179	69	scenario	scenario	NOUN
ajeer-3733	179	70	with	with	ADP
ajeer-3733	179	71	higher	high	ADJ
ajeer-3733	179	72	gross	gross	ADJ
ajeer-3733	179	73	debt	debt	NOUN
ajeer-3733	179	74	.	.	PUNCT
ajeer-3733	180	1	ultimately	ultimately	ADV
ajeer-3733	180	2	,	,	PUNCT
ajeer-3733	180	3	higher	high	ADJ
ajeer-3733	180	4	equilibrium	equilibrium	NOUN
ajeer-3733	180	5	real	real	ADJ
ajeer-3733	180	6	interest	interest	NOUN
ajeer-3733	180	7	rates	rate	NOUN
ajeer-3733	180	8	limit	limit	VERB
ajeer-3733	180	9	growth	growth	NOUN
ajeer-3733	180	10	because	because	SCONJ
ajeer-3733	180	11	fewer	few	ADJ
ajeer-3733	180	12	investment	investment	NOUN
ajeer-3733	180	13	projects	project	NOUN
ajeer-3733	180	14	are	be	AUX
ajeer-3733	180	15	deemed	deem	VERB
ajeer-3733	180	16	profitable	profitable	ADJ
ajeer-3733	180	17	(	(	PUNCT
ajeer-3733	180	18	schumacher	schumacher	PROPN
ajeer-3733	180	19	&	&	CCONJ
ajeer-3733	180	20	żochowski	żochowski	PROPN
ajeer-3733	180	21	,	,	PUNCT
ajeer-3733	180	22	2017	2017	NUM
ajeer-3733	180	23	)	)	PUNCT
ajeer-3733	180	24	.	.	PUNCT
ajeer-3733	181	1	3	3	X
ajeer-3733	181	2	.	.	X
ajeer-3733	181	3	recent	recent	ADJ
ajeer-3733	181	4	economic	economic	ADJ
ajeer-3733	181	5	developments	development	NOUN
ajeer-3733	181	6	in	in	ADP
ajeer-3733	181	7	cambodia	cambodia	PROPN
ajeer-3733	181	8	and	and	CCONJ
ajeer-3733	181	9	camfi	camfi	NOUN
ajeer-3733	181	10	calibration	calibration	NOUN
ajeer-3733	181	11	with	with	ADP
ajeer-3733	181	12	monetary	monetary	ADJ
ajeer-3733	181	13	policy	policy	NOUN
ajeer-3733	181	14	limited	limit	VERB
ajeer-3733	181	15	by	by	ADP
ajeer-3733	181	16	dollarization	dollarization	NOUN
ajeer-3733	181	17	,	,	PUNCT
ajeer-3733	181	18	the	the	DET
ajeer-3733	181	19	authorities	authority	NOUN
ajeer-3733	181	20	have	have	AUX
ajeer-3733	181	21	relied	rely	VERB
ajeer-3733	181	22	on	on	ADP
ajeer-3733	181	23	fiscal	fiscal	ADJ
ajeer-3733	181	24	policy	policy	NOUN
ajeer-3733	181	25	to	to	PART
ajeer-3733	181	26	stabilize	stabilize	VERB
ajeer-3733	181	27	the	the	DET
ajeer-3733	181	28	economy	economy	NOUN
ajeer-3733	181	29	.	.	PUNCT
ajeer-3733	182	1	after	after	ADP
ajeer-3733	182	2	sketching	sketch	VERB
ajeer-3733	182	3	out	out	ADP
ajeer-3733	182	4	the	the	DET
ajeer-3733	182	5	main	main	ADJ
ajeer-3733	182	6	stylized	stylize	VERB
ajeer-3733	182	7	facts	fact	NOUN
ajeer-3733	182	8	,	,	PUNCT
ajeer-3733	182	9	we	we	PRON
ajeer-3733	182	10	explore	explore	VERB
ajeer-3733	182	11	the	the	DET
ajeer-3733	182	12	implications	implication	NOUN
ajeer-3733	182	13	for	for	ADP
ajeer-3733	182	14	the	the	DET
ajeer-3733	182	15	calibration	calibration	NOUN
ajeer-3733	182	16	of	of	ADP
ajeer-3733	182	17	our	our	PRON
ajeer-3733	182	18	model	model	NOUN
ajeer-3733	182	19	.	.	PUNCT
ajeer-3733	183	1	we	we	PRON
ajeer-3733	183	2	must	must	AUX
ajeer-3733	183	3	stress	stress	VERB
ajeer-3733	183	4	that	that	SCONJ
ajeer-3733	183	5	all	all	DET
ajeer-3733	183	6	data	datum	NOUN
ajeer-3733	183	7	,	,	PUNCT
ajeer-3733	183	8	charts	chart	NOUN
ajeer-3733	183	9	,	,	PUNCT
ajeer-3733	183	10	and	and	CCONJ
ajeer-3733	183	11	camfi	camfi	PROPN
ajeer-3733	183	12	simulation	simulation	NOUN
ajeer-3733	183	13	results	result	NOUN
ajeer-3733	183	14	are	be	AUX
ajeer-3733	183	15	based	base	VERB
ajeer-3733	183	16	on	on	ADP
ajeer-3733	183	17	the	the	DET
ajeer-3733	183	18	mid-2020	mid-2020	ADJ
ajeer-3733	183	19	vintage	vintage	NOUN
ajeer-3733	183	20	of	of	ADP
ajeer-3733	183	21	the	the	DET
ajeer-3733	183	22	cambodia	cambodia	PROPN
ajeer-3733	183	23	dataset	dataset	PROPN
ajeer-3733	183	24	.	.	PUNCT
ajeer-3733	184	1	several	several	ADJ
ajeer-3733	184	2	of	of	ADP
ajeer-3733	184	3	the	the	DET
ajeer-3733	184	4	series	series	NOUN
ajeer-3733	184	5	have	have	AUX
ajeer-3733	184	6	subsequently	subsequently	ADV
ajeer-3733	184	7	been	be	AUX
ajeer-3733	184	8	revised	revise	VERB
ajeer-3733	184	9	(	(	PUNCT
ajeer-3733	184	10	e.g.	e.g.	ADV
ajeer-3733	184	11	,	,	PUNCT
ajeer-3733	184	12	fiscal	fiscal	ADJ
ajeer-3733	184	13	deposits	deposit	NOUN
ajeer-3733	184	14	)	)	PUNCT
ajeer-3733	184	15	or	or	CCONJ
ajeer-3733	184	16	are	be	AUX
ajeer-3733	184	17	due	due	ADJ
ajeer-3733	184	18	to	to	PART
ajeer-3733	184	19	be	be	AUX
ajeer-3733	184	20	updated	update	VERB
ajeer-3733	184	21	(	(	PUNCT
ajeer-3733	184	22	e.g.	e.g.	ADV
ajeer-3733	184	23	,	,	PUNCT
ajeer-3733	184	24	nominal	nominal	ADJ
ajeer-3733	184	25	gdp	gdp	NOUN
ajeer-3733	184	26	is	be	AUX
ajeer-3733	184	27	due	due	ADJ
ajeer-3733	184	28	for	for	ADP
ajeer-3733	184	29	a	a	DET
ajeer-3733	184	30	substantial	substantial	ADJ
ajeer-3733	184	31	revision	revision	NOUN
ajeer-3733	184	32	in	in	ADP
ajeer-3733	184	33	2022	2022	NUM
ajeer-3733	184	34	)	)	PUNCT
ajeer-3733	184	35	.	.	PUNCT
ajeer-3733	185	1	a.	a.	PROPN
ajeer-3733	185	2	recent	recent	ADJ
ajeer-3733	185	3	economic	economic	ADJ
ajeer-3733	185	4	developments	development	NOUN
ajeer-3733	185	5	since	since	SCONJ
ajeer-3733	185	6	cambodia	cambodia	PROPN
ajeer-3733	185	7	’s	’s	PART
ajeer-3733	185	8	internal	internal	ADJ
ajeer-3733	185	9	conflict	conflict	NOUN
ajeer-3733	185	10	ended	end	VERB
ajeer-3733	185	11	in	in	ADP
ajeer-3733	185	12	1998	1998	NUM
ajeer-3733	185	13	,	,	PUNCT
ajeer-3733	185	14	followed	follow	VERB
ajeer-3733	185	15	by	by	ADP
ajeer-3733	185	16	the	the	DET
ajeer-3733	185	17	liberalization	liberalization	NOUN
ajeer-3733	185	18	of	of	ADP
ajeer-3733	185	19	trade	trade	NOUN
ajeer-3733	185	20	and	and	CCONJ
ajeer-3733	185	21	the	the	DET
ajeer-3733	185	22	capital	capital	NOUN
ajeer-3733	185	23	account	account	NOUN
ajeer-3733	185	24	,	,	PUNCT
ajeer-3733	185	25	the	the	DET
ajeer-3733	185	26	country	country	NOUN
ajeer-3733	185	27	has	have	AUX
ajeer-3733	185	28	averaged	average	VERB
ajeer-3733	185	29	real	real	ADJ
ajeer-3733	185	30	gdp	gdp	NOUN
ajeer-3733	185	31	growth	growth	NOUN
ajeer-3733	185	32	of	of	ADP
ajeer-3733	185	33	7¾	7¾	NUM
ajeer-3733	185	34	percent	percent	NOUN
ajeer-3733	185	35	,	,	PUNCT
ajeer-3733	185	36	with	with	ADP
ajeer-3733	185	37	average	average	ADJ
ajeer-3733	185	38	inflation	inflation	NOUN
ajeer-3733	185	39	of	of	ADP
ajeer-3733	185	40	about	about	ADV
ajeer-3733	185	41	4	4	NUM
ajeer-3733	185	42	percent	percent	NOUN
ajeer-3733	185	43	.	.	PUNCT
ajeer-3733	186	1	growth	growth	NOUN
ajeer-3733	186	2	has	have	AUX
ajeer-3733	186	3	been	be	AUX
ajeer-3733	186	4	driven	drive	VERB
ajeer-3733	186	5	by	by	ADP
ajeer-3733	186	6	garment	garment	NOUN
ajeer-3733	186	7	exports	export	NOUN
ajeer-3733	186	8	,	,	PUNCT
ajeer-3733	186	9	tourism	tourism	NOUN
ajeer-3733	186	10	,	,	PUNCT
ajeer-3733	186	11	and	and	CCONJ
ajeer-3733	186	12	construction	construction	NOUN
ajeer-3733	186	13	,	,	PUNCT
ajeer-3733	186	14	much	much	ADJ
ajeer-3733	186	15	of	of	ADP
ajeer-3733	186	16	it	it	PRON
ajeer-3733	186	17	funded	fund	VERB
ajeer-3733	186	18	by	by	ADP
ajeer-3733	186	19	foreign	foreign	ADJ
ajeer-3733	186	20	investment	investment	NOUN
ajeer-3733	186	21	(	(	PUNCT
ajeer-3733	186	22	chart	chart	NOUN
ajeer-3733	186	23	1	1	NUM
ajeer-3733	186	24	in	in	ADP
ajeer-3733	186	25	figure	figure	NOUN
ajeer-3733	186	26	2	2	NUM
ajeer-3733	186	27	)	)	PUNCT
ajeer-3733	186	28	.	.	PUNCT
ajeer-3733	187	1	openness	openness	NOUN
ajeer-3733	187	2	to	to	PART
ajeer-3733	187	3	trade	trade	NOUN
ajeer-3733	187	4	and	and	CCONJ
ajeer-3733	187	5	capital	capital	NOUN
ajeer-3733	187	6	flows	flow	NOUN
ajeer-3733	187	7	under	under	ADP
ajeer-3733	187	8	a	a	DET
ajeer-3733	187	9	stable	stable	ADJ
ajeer-3733	187	10	exchange	exchange	NOUN
ajeer-3733	187	11	rate	rate	NOUN
ajeer-3733	187	12	,	,	PUNCT
ajeer-3733	187	13	while	while	SCONJ
ajeer-3733	187	14	boosting	boost	VERB
ajeer-3733	187	15	growth	growth	NOUN
ajeer-3733	187	16	,	,	PUNCT
ajeer-3733	187	17	has	have	AUX
ajeer-3733	187	18	also	also	ADV
ajeer-3733	187	19	increased	increase	VERB
ajeer-3733	187	20	the	the	DET
ajeer-3733	187	21	country	country	NOUN
ajeer-3733	187	22	’s	’s	PART
ajeer-3733	187	23	external	external	ADJ
ajeer-3733	187	24	vulnerability	vulnerability	NOUN
ajeer-3733	187	25	,	,	PUNCT
ajeer-3733	187	26	especially	especially	ADV
ajeer-3733	187	27	given	give	VERB
ajeer-3733	187	28	its	its	PRON
ajeer-3733	187	29	narrow	narrow	ADJ
ajeer-3733	187	30	economic	economic	ADJ
ajeer-3733	187	31	base	base	NOUN
ajeer-3733	187	32	and	and	CCONJ
ajeer-3733	187	33	increasing	increase	VERB
ajeer-3733	187	34	dependence	dependence	NOUN
ajeer-3733	187	35	on	on	ADP
ajeer-3733	187	36	foreign	foreign	ADJ
ajeer-3733	187	37	funding	funding	NOUN
ajeer-3733	187	38	.	.	PUNCT
ajeer-3733	188	1	cambodia	cambodia	PROPN
ajeer-3733	188	2	does	do	AUX
ajeer-3733	188	3	not	not	PART
ajeer-3733	188	4	borrow	borrow	VERB
ajeer-3733	188	5	on	on	ADP
ajeer-3733	188	6	private	private	ADJ
ajeer-3733	188	7	capital	capital	NOUN
ajeer-3733	188	8	markets	market	NOUN
ajeer-3733	188	9	.	.	PUNCT
ajeer-3733	189	1	the	the	DET
ajeer-3733	189	2	economy	economy	NOUN
ajeer-3733	189	3	is	be	AUX
ajeer-3733	189	4	almost	almost	ADV
ajeer-3733	189	5	completely	completely	ADV
ajeer-3733	189	6	dollarized	dollarize	VERB
ajeer-3733	189	7	,	,	PUNCT
ajeer-3733	189	8	which	which	PRON
ajeer-3733	189	9	limits	limit	VERB
ajeer-3733	189	10	the	the	DET
ajeer-3733	189	11	nbc	nbc	PROPN
ajeer-3733	189	12	’s	’s	PART
ajeer-3733	189	13	monetary	monetary	ADJ
ajeer-3733	189	14	policy	policy	NOUN
ajeer-3733	189	15	options	option	NOUN
ajeer-3733	189	16	(	(	PUNCT
ajeer-3733	189	17	charts	chart	NOUN
ajeer-3733	189	18	2	2	NUM
ajeer-3733	189	19	and	and	CCONJ
ajeer-3733	189	20	3	3	NUM
ajeer-3733	189	21	)	)	PUNCT
ajeer-3733	189	22	.	.	PUNCT
ajeer-3733	190	1	in	in	ADP
ajeer-3733	190	2	2019	2019	NUM
ajeer-3733	190	3	,	,	PUNCT
ajeer-3733	190	4	more	more	ADJ
ajeer-3733	190	5	than	than	ADP
ajeer-3733	190	6	90	90	NUM
ajeer-3733	190	7	percent	percent	NOUN
ajeer-3733	190	8	of	of	ADP
ajeer-3733	190	9	savings	saving	NOUN
ajeer-3733	190	10	,	,	PUNCT
ajeer-3733	190	11	loans	loan	NOUN
ajeer-3733	190	12	,	,	PUNCT
ajeer-3733	190	13	and	and	CCONJ
ajeer-3733	190	14	economic	economic	ADJ
ajeer-3733	190	15	transactions	transaction	NOUN
ajeer-3733	190	16	were	be	AUX
ajeer-3733	190	17	in	in	ADP
ajeer-3733	190	18	us	us	PROPN
ajeer-3733	190	19	dollars	dollar	NOUN
ajeer-3733	190	20	,	,	PUNCT
ajeer-3733	190	21	with	with	ADP
ajeer-3733	190	22	the	the	DET
ajeer-3733	190	23	exchange	exchange	NOUN
ajeer-3733	190	24	rate	rate	NOUN
ajeer-3733	190	25	averaging	average	VERB
ajeer-3733	190	26	about	about	ADP
ajeer-3733	190	27	4,050	4,050	NUM
ajeer-3733	190	28	riels	riel	NOUN
ajeer-3733	190	29	per	per	ADP
ajeer-3733	190	30	dollar	dollar	NOUN
ajeer-3733	190	31	.	.	PUNCT
ajeer-3733	191	1	robust	robust	ADJ
ajeer-3733	191	2	fdi	fdi	NOUN
ajeer-3733	191	3	inflows	inflow	NOUN
ajeer-3733	191	4	have	have	AUX
ajeer-3733	191	5	contributed	contribute	VERB
ajeer-3733	191	6	to	to	ADP
ajeer-3733	191	7	gross	gross	ADJ
ajeer-3733	191	8	international	international	ADJ
ajeer-3733	191	9	reserves	reserve	NOUN
ajeer-3733	191	10	equivalent	equivalent	ADJ
ajeer-3733	191	11	to	to	ADP
ajeer-3733	191	12	about	about	ADV
ajeer-3733	191	13	7	7	NUM
ajeer-3733	191	14	months	month	NOUN
ajeer-3733	191	15	of	of	ADP
ajeer-3733	191	16	imports	import	NOUN
ajeer-3733	191	17	.	.	PUNCT
ajeer-3733	192	1	reserves	reserve	NOUN
ajeer-3733	192	2	have	have	AUX
ajeer-3733	192	3	been	be	AUX
ajeer-3733	192	4	assessed	assess	VERB
ajeer-3733	192	5	as	as	ADP
ajeer-3733	192	6	adequate	adequate	ADJ
ajeer-3733	192	7	when	when	SCONJ
ajeer-3733	192	8	measured	measure	VERB
ajeer-3733	192	9	against	against	ADP
ajeer-3733	192	10	traditional	traditional	ADJ
ajeer-3733	192	11	metrics	metric	NOUN
ajeer-3733	192	12	,	,	PUNCT
ajeer-3733	192	13	but	but	CCONJ
ajeer-3733	192	14	the	the	DET
ajeer-3733	192	15	imf	imf	PROPN
ajeer-3733	192	16	(	(	PUNCT
ajeer-3733	192	17	international	international	ADJ
ajeer-3733	192	18	monetary	monetary	ADJ
ajeer-3733	192	19	fund	fund	NOUN
ajeer-3733	192	20	)	)	PUNCT
ajeer-3733	192	21	(	(	PUNCT
ajeer-3733	192	22	2019	2019	NUM
ajeer-3733	192	23	)	)	PUNCT
ajeer-3733	192	24	has	have	AUX
ajeer-3733	192	25	encouraged	encourage	VERB
ajeer-3733	192	26	further	further	ADJ
ajeer-3733	192	27	accumulation	accumulation	NOUN
ajeer-3733	192	28	.	.	PUNCT
ajeer-3733	193	1	given	give	VERB
ajeer-3733	193	2	the	the	DET
ajeer-3733	193	3	monetary	monetary	ADJ
ajeer-3733	193	4	regime	regime	NOUN
ajeer-3733	193	5	,	,	PUNCT
ajeer-3733	193	6	the	the	DET
ajeer-3733	193	7	burden	burden	NOUN
ajeer-3733	193	8	of	of	ADP
ajeer-3733	193	9	macroeconomic	macroeconomic	ADJ
ajeer-3733	193	10	management	management	NOUN
ajeer-3733	193	11	rests	rest	VERB
ajeer-3733	193	12	largely	largely	ADV
ajeer-3733	193	13	on	on	ADP
ajeer-3733	193	14	fiscal	fiscal	ADJ
ajeer-3733	193	15	policy	policy	NOUN
ajeer-3733	193	16	.	.	PUNCT
ajeer-3733	194	1	fiscal	fiscal	ADJ
ajeer-3733	194	2	reforms	reform	NOUN
ajeer-3733	194	3	have	have	AUX
ajeer-3733	194	4	improved	improve	VERB
ajeer-3733	194	5	revenue	revenue	NOUN
ajeer-3733	194	6	collection	collection	NOUN
ajeer-3733	194	7	and	and	CCONJ
ajeer-3733	194	8	spending	spending	NOUN
ajeer-3733	194	9	efficiency	efficiency	NOUN
ajeer-3733	194	10	(	(	PUNCT
ajeer-3733	194	11	imf	imf	PROPN
ajeer-3733	194	12	(	(	PUNCT
ajeer-3733	194	13	international	international	ADJ
ajeer-3733	194	14	monetary	monetary	ADJ
ajeer-3733	194	15	fund	fund	NOUN
ajeer-3733	194	16	)	)	PUNCT
ajeer-3733	194	17	,	,	PUNCT
ajeer-3733	194	18	2018a	2018a	NUM
ajeer-3733	194	19	)	)	PUNCT
ajeer-3733	194	20	,	,	PUNCT
ajeer-3733	194	21	resulting	result	VERB
ajeer-3733	194	22	in	in	ADP
ajeer-3733	194	23	a	a	DET
ajeer-3733	194	24	series	series	NOUN
ajeer-3733	194	25	of	of	ADP
ajeer-3733	194	26	small	small	ADJ
ajeer-3733	194	27	deficits	deficit	NOUN
ajeer-3733	194	28	and	and	CCONJ
ajeer-3733	194	29	surpluses	surplus	NOUN
ajeer-3733	194	30	.	.	PUNCT
ajeer-3733	195	1	operationally	operationally	ADV
ajeer-3733	195	2	,	,	PUNCT
ajeer-3733	195	3	the	the	DET
ajeer-3733	195	4	government	government	NOUN
ajeer-3733	195	5	has	have	AUX
ajeer-3733	195	6	been	be	AUX
ajeer-3733	195	7	running	run	VERB
ajeer-3733	195	8	a	a	DET
ajeer-3733	195	9	small	small	ADJ
ajeer-3733	195	10	surplus	surplus	NOUN
ajeer-3733	195	11	on	on	ADP
ajeer-3733	195	12	the	the	DET
ajeer-3733	195	13	current	current	ADJ
ajeer-3733	195	14	balance	balance	NOUN
ajeer-3733	195	15	,	,	PUNCT
ajeer-3733	195	16	with	with	ADP
ajeer-3733	195	17	foreign	foreign	ADJ
ajeer-3733	195	18	grants	grant	NOUN
ajeer-3733	195	19	and	and	CCONJ
ajeer-3733	195	20	concessional	concessional	ADJ
ajeer-3733	195	21	lending	lending	NOUN
ajeer-3733	195	22	covering	cover	VERB
ajeer-3733	195	23	most	most	ADJ
ajeer-3733	195	24	capital	capital	NOUN
ajeer-3733	195	25	expenditures	expenditure	NOUN
ajeer-3733	195	26	(	(	PUNCT
ajeer-3733	195	27	chart	chart	NOUN
ajeer-3733	195	28	4	4	NUM
ajeer-3733	195	29	)	)	PUNCT
ajeer-3733	195	30	.	.	PUNCT
ajeer-3733	196	1	the	the	DET
ajeer-3733	196	2	cyclically	cyclically	ADV
ajeer-3733	196	3	-	-	PUNCT
ajeer-3733	196	4	adjusted	adjust	VERB
ajeer-3733	196	5	balance	balance	NOUN
ajeer-3733	196	6	has	have	AUX
ajeer-3733	196	7	improved	improve	VERB
ajeer-3733	196	8	significantly	significantly	ADV
ajeer-3733	196	9	since	since	SCONJ
ajeer-3733	196	10	the	the	DET
ajeer-3733	196	11	gfc	gfc	NOUN
ajeer-3733	196	12	(	(	PUNCT
ajeer-3733	196	13	chart	chart	NOUN
ajeer-3733	196	14	5	5	NUM
ajeer-3733	196	15	)	)	PUNCT
ajeer-3733	196	16	.	.	PUNCT
ajeer-3733	197	1	before	before	SCONJ
ajeer-3733	197	2	the	the	DET
ajeer-3733	197	3	covid-19	covid-19	PROPN
ajeer-3733	197	4	pandemic	pandemic	ADJ
ajeer-3733	197	5	,	,	PUNCT
ajeer-3733	197	6	gross	gross	ADJ
ajeer-3733	197	7	external	external	ADJ
ajeer-3733	197	8	debt	debt	NOUN
ajeer-3733	197	9	had	have	AUX
ajeer-3733	197	10	stabilized	stabilize	VERB
ajeer-3733	197	11	at	at	ADP
ajeer-3733	197	12	about	about	ADV
ajeer-3733	197	13	30	30	NUM
ajeer-3733	197	14	percent	percent	NOUN
ajeer-3733	197	15	of	of	ADP
ajeer-3733	197	16	gdp	gdp	NOUN
ajeer-3733	197	17	,	,	PUNCT
ajeer-3733	197	18	and	and	CCONJ
ajeer-3733	197	19	by	by	ADP
ajeer-3733	197	20	2019	2019	NUM
ajeer-3733	197	21	the	the	DET
ajeer-3733	197	22	government	government	NOUN
ajeer-3733	197	23	had	have	VERB
ajeer-3733	197	24	deposits	deposit	NOUN
ajeer-3733	197	25	equal	equal	ADJ
ajeer-3733	197	26	to	to	ADP
ajeer-3733	197	27	about	about	ADV
ajeer-3733	197	28	15	15	NUM
ajeer-3733	197	29	percent	percent	NOUN
ajeer-3733	197	30	of	of	ADP
ajeer-3733	197	31	gdp	gdp	NOUN
ajeer-3733	197	32	at	at	ADP
ajeer-3733	197	33	the	the	DET
ajeer-3733	197	34	nbc	nbc	PROPN
ajeer-3733	197	35	(	(	PUNCT
ajeer-3733	197	36	chart	chart	NOUN
ajeer-3733	197	37	6).11	6).11	NUM
ajeer-3733	197	38	net	net	ADJ
ajeer-3733	197	39	public	public	ADJ
ajeer-3733	197	40	external	external	ADJ
ajeer-3733	197	41	debt	debt	NOUN
ajeer-3733	197	42	declined	decline	VERB
ajeer-3733	197	43	from	from	ADP
ajeer-3733	197	44	its	its	PRON
ajeer-3733	197	45	peak	peak	NOUN
ajeer-3733	197	46	of	of	ADP
ajeer-3733	197	47	39	39	NUM
ajeer-3733	197	48	percent	percent	NOUN
ajeer-3733	197	49	of	of	ADP
ajeer-3733	197	50	gdp	gdp	NOUN
ajeer-3733	197	51	in	in	ADP
ajeer-3733	197	52	2003	2003	NUM
ajeer-3733	197	53	to	to	ADP
ajeer-3733	197	54	13	13	NUM
ajeer-3733	197	55	percent	percent	NOUN
ajeer-3733	197	56	in	in	ADP
ajeer-3733	197	57	2019	2019	NUM
ajeer-3733	197	58	.	.	PUNCT
ajeer-3733	198	1	as	as	SCONJ
ajeer-3733	198	2	all	all	DET
ajeer-3733	198	3	borrowing	borrowing	NOUN
ajeer-3733	198	4	was	be	AUX
ajeer-3733	198	5	on	on	ADP
ajeer-3733	198	6	concessional	concessional	ADJ
ajeer-3733	198	7	terms	term	NOUN
ajeer-3733	198	8	,	,	PUNCT
ajeer-3733	198	9	public	public	ADJ
ajeer-3733	198	10	debt	debt	NOUN
ajeer-3733	198	11	service	service	NOUN
ajeer-3733	198	12	in	in	ADP
ajeer-3733	198	13	2015–19	2015–19	PROPN
ajeer-3733	198	14	averaged	average	VERB
ajeer-3733	198	15	only	only	ADV
ajeer-3733	198	16	about	about	ADV
ajeer-3733	198	17	0.3	0.3	NUM
ajeer-3733	198	18	percent	percent	NOUN
ajeer-3733	198	19	of	of	ADP
ajeer-3733	198	20	gdp	gdp	NOUN
ajeer-3733	198	21	.	.	PUNCT
ajeer-3733	199	1	nevertheless	nevertheless	ADV
ajeer-3733	199	2	,	,	PUNCT
ajeer-3733	199	3	the	the	DET
ajeer-3733	199	4	authorities	authority	NOUN
ajeer-3733	199	5	are	be	AUX
ajeer-3733	199	6	anxious	anxious	ADJ
ajeer-3733	199	7	to	to	PART
ajeer-3733	199	8	better	well	ADV
ajeer-3733	199	9	understand	understand	VERB
ajeer-3733	199	10	the	the	DET
ajeer-3733	199	11	transmission	transmission	NOUN
ajeer-3733	199	12	channels	channel	NOUN
ajeer-3733	199	13	and	and	CCONJ
ajeer-3733	199	14	simulate	simulate	VERB
ajeer-3733	199	15	the	the	DET
ajeer-3733	199	16	impact	impact	NOUN
ajeer-3733	199	17	of	of	ADP
ajeer-3733	199	18	large	large	ADJ
ajeer-3733	199	19	macroeconomic	macroeconomic	ADJ
ajeer-3733	199	20	shocks	shock	NOUN
ajeer-3733	199	21	on	on	ADP
ajeer-3733	199	22	fiscal	fiscal	ADJ
ajeer-3733	199	23	sustainability.12	sustainability.12	NOUN
ajeer-3733	199	24	the	the	DET
ajeer-3733	199	25	biggest	big	ADJ
ajeer-3733	199	26	current	current	ADJ
ajeer-3733	199	27	shock	shock	NOUN
ajeer-3733	199	28	is	be	AUX
ajeer-3733	199	29	,	,	PUNCT
ajeer-3733	199	30	of	of	ADP
ajeer-3733	199	31	course	course	NOUN
ajeer-3733	199	32	,	,	PUNCT
ajeer-3733	200	1	covid-19	covid-19	PROPN
ajeer-3733	200	2	.	.	PUNCT
ajeer-3733	200	3	b.	b.	PROPN
ajeer-3733	200	4	calibration	calibration	NOUN
ajeer-3733	200	5	the	the	DET
ajeer-3733	200	6	answers	answer	NOUN
ajeer-3733	200	7	any	any	DET
ajeer-3733	200	8	model	model	NOUN
ajeer-3733	200	9	gives	gives	AUX
ajeer-3733	200	10	depend	depend	VERB
ajeer-3733	200	11	crucially	crucially	ADV
ajeer-3733	200	12	on	on	ADP
ajeer-3733	200	13	its	its	PRON
ajeer-3733	200	14	parameter	parameter	NOUN
ajeer-3733	200	15	values	value	NOUN
ajeer-3733	200	16	.	.	PUNCT
ajeer-3733	201	1	we	we	PRON
ajeer-3733	201	2	calibrate	calibrate	VERB
ajeer-3733	201	3	the	the	DET
ajeer-3733	201	4	camfi	camfi	NOUN
ajeer-3733	201	5	to	to	PART
ajeer-3733	201	6	capture	capture	VERB
ajeer-3733	201	7	country	country	NOUN
ajeer-3733	201	8	-	-	PUNCT
ajeer-3733	201	9	specific	specific	ADJ
ajeer-3733	201	10	features	feature	NOUN
ajeer-3733	201	11	,	,	PUNCT
ajeer-3733	201	12	as	as	SCONJ
ajeer-3733	201	13	suggested	suggest	VERB
ajeer-3733	201	14	by	by	ADP
ajeer-3733	201	15	berg	berg	PROPN
ajeer-3733	201	16	,	,	PUNCT
ajeer-3733	201	17	karam	karam	PROPN
ajeer-3733	201	18	,	,	PUNCT
ajeer-3733	201	19	&	&	CCONJ
ajeer-3733	201	20	laxton	laxton	PROPN
ajeer-3733	201	21	(	(	PUNCT
ajeer-3733	201	22	2006	2006	NUM
ajeer-3733	201	23	)	)	PUNCT
ajeer-3733	201	24	.	.	PUNCT
ajeer-3733	202	1	the	the	DET
ajeer-3733	202	2	adequacy	adequacy	NOUN
ajeer-3733	202	3	of	of	ADP
ajeer-3733	202	4	a	a	DET
ajeer-3733	202	5	model	model	NOUN
ajeer-3733	202	6	for	for	ADP
ajeer-3733	202	7	policy	policy	NOUN
ajeer-3733	202	8	analysis	analysis	NOUN
ajeer-3733	202	9	depends	depend	VERB
ajeer-3733	202	10	primarily	primarily	ADV
ajeer-3733	202	11	on	on	ADP
ajeer-3733	202	12	how	how	SCONJ
ajeer-3733	202	13	well	well	ADV
ajeer-3733	202	14	it	it	PRON
ajeer-3733	202	15	captures	capture	VERB
ajeer-3733	202	16	the	the	DET
ajeer-3733	202	17	main	main	ADJ
ajeer-3733	202	18	transmission	transmission	NOUN
ajeer-3733	202	19	channels	channel	NOUN
ajeer-3733	202	20	.	.	PUNCT
ajeer-3733	203	1	for	for	ADP
ajeer-3733	203	2	example	example	NOUN
ajeer-3733	203	3	,	,	PUNCT
ajeer-3733	203	4	we	we	PRON
ajeer-3733	203	5	expect	expect	VERB
ajeer-3733	203	6	the	the	DET
ajeer-3733	203	7	model	model	NOUN
ajeer-3733	203	8	to	to	PART
ajeer-3733	203	9	provide	provide	VERB
ajeer-3733	203	10	reasonable	reasonable	ADJ
ajeer-3733	203	11	estimates	estimate	NOUN
ajeer-3733	203	12	of	of	ADP
ajeer-3733	203	13	the	the	DET
ajeer-3733	203	14	sensitivity	sensitivity	NOUN
ajeer-3733	203	15	of	of	ADP
ajeer-3733	203	16	net	net	ADJ
ajeer-3733	203	17	public	public	ADJ
ajeer-3733	203	18	debt	debt	NOUN
ajeer-3733	203	19	to	to	ADP
ajeer-3733	203	20	the	the	DET
ajeer-3733	203	21	business	business	NOUN
ajeer-3733	203	22	cycle	cycle	NOUN
ajeer-3733	203	23	or	or	CCONJ
ajeer-3733	203	24	exchange	exchange	NOUN
ajeer-3733	203	25	rate	rate	NOUN
ajeer-3733	203	26	passthrough	passthrough	NOUN
ajeer-3733	203	27	.	.	PUNCT
ajeer-3733	204	1	to	to	ADP
ajeer-3733	204	2	this	this	DET
ajeer-3733	204	3	end	end	NOUN
ajeer-3733	204	4	,	,	PUNCT
ajeer-3733	204	5	our	our	PRON
ajeer-3733	204	6	choice	choice	NOUN
ajeer-3733	204	7	of	of	ADP
ajeer-3733	204	8	parameters	parameter	NOUN
ajeer-3733	204	9	is	be	AUX
ajeer-3733	204	10	based	base	VERB
ajeer-3733	204	11	on	on	ADP
ajeer-3733	204	12	four	four	NUM
ajeer-3733	204	13	considerations	consideration	NOUN
ajeer-3733	204	14	:	:	PUNCT
ajeer-3733	204	15	(	(	PUNCT
ajeer-3733	204	16	1	1	X
ajeer-3733	204	17	)	)	PUNCT
ajeer-3733	204	18	whenever	whenever	SCONJ
ajeer-3733	204	19	it	it	PRON
ajeer-3733	204	20	is	be	AUX
ajeer-3733	204	21	meaningful	meaningful	ADJ
ajeer-3733	204	22	,	,	PUNCT
ajeer-3733	204	23	we	we	PRON
ajeer-3733	204	24	econometrically	econometrically	ADV
ajeer-3733	204	25	assess	assess	VERB
ajeer-3733	204	26	the	the	DET
ajeer-3733	204	27	relationships	relationship	NOUN
ajeer-3733	204	28	or	or	CCONJ
ajeer-3733	204	29	base	base	VERB
ajeer-3733	204	30	the	the	DET
ajeer-3733	204	31	calibration	calibration	NOUN
ajeer-3733	204	32	on	on	ADP
ajeer-3733	204	33	expert	expert	ADJ
ajeer-3733	204	34	judgment	judgment	NOUN
ajeer-3733	204	35	.	.	PUNCT
ajeer-3733	205	1	this	this	DET
ajeer-3733	205	2	approach	approach	NOUN
ajeer-3733	205	3	is	be	AUX
ajeer-3733	205	4	suitable	suitable	ADJ
ajeer-3733	205	5	,	,	PUNCT
ajeer-3733	205	6	for	for	ADP
ajeer-3733	205	7	example	example	NOUN
ajeer-3733	205	8	,	,	PUNCT
ajeer-3733	205	9	to	to	PART
ajeer-3733	205	10	assess	assess	VERB
ajeer-3733	205	11	the	the	DET
ajeer-3733	205	12	persistence	persistence	NOUN
ajeer-3733	205	13	of	of	ADP
ajeer-3733	205	14	such	such	ADJ
ajeer-3733	205	15	variables	variable	NOUN
ajeer-3733	205	16	as	as	ADP
ajeer-3733	205	17	the	the	DET
ajeer-3733	205	18	output	output	NOUN
ajeer-3733	205	19	gap	gap	NOUN
ajeer-3733	205	20	.	.	PUNCT
ajeer-3733	206	1	(	(	PUNCT
ajeer-3733	206	2	2	2	X
ajeer-3733	206	3	)	)	PUNCT
ajeer-3733	206	4	where	where	SCONJ
ajeer-3733	206	5	the	the	DET
ajeer-3733	206	6	necessary	necessary	ADJ
ajeer-3733	206	7	data	datum	NOUN
ajeer-3733	206	8	are	be	AUX
ajeer-3733	206	9	available	available	ADJ
ajeer-3733	206	10	,	,	PUNCT
ajeer-3733	206	11	we	we	PRON
ajeer-3733	206	12	compare	compare	VERB
ajeer-3733	206	13	the	the	DET
ajeer-3733	206	14	model	model	NOUN
ajeer-3733	206	15	impulse	impulse	ADJ
ajeer-3733	206	16	response	response	NOUN
ajeer-3733	206	17	functions	function	NOUN
ajeer-3733	206	18	with	with	ADP
ajeer-3733	206	19	empirical	empirical	ADJ
ajeer-3733	206	20	evidence	evidence	NOUN
ajeer-3733	206	21	;	;	PUNCT
ajeer-3733	206	22	for	for	ADP
ajeer-3733	206	23	cambodia	cambodia	PROPN
ajeer-3733	206	24	,	,	PUNCT
ajeer-3733	206	25	however	however	ADV
ajeer-3733	206	26	,	,	PUNCT
ajeer-3733	206	27	empirical	empirical	ADJ
ajeer-3733	206	28	results	result	NOUN
ajeer-3733	206	29	are	be	AUX
ajeer-3733	206	30	limited	limited	ADJ
ajeer-3733	206	31	,	,	PUNCT
ajeer-3733	206	32	see	see	VERB
ajeer-3733	206	33	rungcharoenkitkul	rungcharoenkitkul	NOUN
ajeer-3733	206	34	(	(	PUNCT
ajeer-3733	206	35	2012	2012	NUM
ajeer-3733	206	36	)	)	PUNCT
ajeer-3733	206	37	.	.	PUNCT
ajeer-3733	207	1	(	(	PUNCT
ajeer-3733	207	2	3	3	X
ajeer-3733	207	3	)	)	PUNCT
ajeer-3733	207	4	we	we	PRON
ajeer-3733	207	5	assess	assess	VERB
ajeer-3733	207	6	whether	whether	SCONJ
ajeer-3733	207	7	the	the	DET
ajeer-3733	207	8	model	model	NOUN
ajeer-3733	207	9	can	can	AUX
ajeer-3733	207	10	produce	produce	VERB
ajeer-3733	207	11	such	such	ADJ
ajeer-3733	207	12	unobserved	unobserved	ADJ
ajeer-3733	207	13	variables	variable	NOUN
ajeer-3733	207	14	as	as	ADP
ajeer-3733	207	15	potential	potential	ADJ
ajeer-3733	207	16	output	output	NOUN
ajeer-3733	207	17	or	or	CCONJ
ajeer-3733	207	18	the	the	DET
ajeer-3733	207	19	equilibrium	equilibrium	NOUN
ajeer-3733	207	20	real	real	ADJ
ajeer-3733	207	21	exchange	exchange	NOUN
ajeer-3733	207	22	rate	rate	NOUN
ajeer-3733	207	23	that	that	PRON
ajeer-3733	207	24	would	would	AUX
ajeer-3733	207	25	be	be	AUX
ajeer-3733	207	26	consistent	consistent	ADJ
ajeer-3733	207	27	with	with	ADP
ajeer-3733	207	28	the	the	DET
ajeer-3733	207	29	generally	generally	ADV
ajeer-3733	207	30	accepted	accept	VERB
ajeer-3733	207	31	narrative	narrative	NOUN
ajeer-3733	207	32	withdrawal	withdrawal	NOUN
ajeer-3733	207	33	would	would	AUX
ajeer-3733	207	34	crowd	crowd	VERB
ajeer-3733	207	35	out	out	ADP
ajeer-3733	207	36	private	private	ADJ
ajeer-3733	207	37	lending	lending	NOUN
ajeer-3733	207	38	and	and	CCONJ
ajeer-3733	207	39	the	the	DET
ajeer-3733	207	40	net	net	ADJ
ajeer-3733	207	41	government	government	NOUN
ajeer-3733	207	42	position	position	NOUN
ajeer-3733	207	43	would	would	AUX
ajeer-3733	207	44	become	become	VERB
ajeer-3733	207	45	less	less	ADV
ajeer-3733	207	46	negative	negative	ADJ
ajeer-3733	207	47	.	.	PUNCT
ajeer-3733	208	1	as	as	ADV
ajeer-3733	208	2	long	long	ADV
ajeer-3733	208	3	as	as	SCONJ
ajeer-3733	208	4	money	money	NOUN
ajeer-3733	208	5	supply	supply	NOUN
ajeer-3733	208	6	remains	remain	VERB
ajeer-3733	208	7	unchanged	unchanged	ADJ
ajeer-3733	208	8	,	,	PUNCT
ajeer-3733	208	9	private	private	ADJ
ajeer-3733	208	10	sector	sector	NOUN
ajeer-3733	208	11	credit	credit	NOUN
ajeer-3733	208	12	would	would	AUX
ajeer-3733	208	13	be	be	AUX
ajeer-3733	208	14	a	a	DET
ajeer-3733	208	15	residual	residual	ADJ
ajeer-3733	208	16	item	item	NOUN
ajeer-3733	208	17	and	and	CCONJ
ajeer-3733	208	18	would	would	AUX
ajeer-3733	208	19	have	have	VERB
ajeer-3733	208	20	to	to	PART
ajeer-3733	208	21	decline	decline	VERB
ajeer-3733	208	22	one	one	NUM
ajeer-3733	208	23	-	-	PUNCT
ajeer-3733	208	24	for	for	ADP
ajeer-3733	208	25	-	-	PUNCT
ajeer-3733	208	26	one	one	NOUN
ajeer-3733	208	27	with	with	ADP
ajeer-3733	208	28	the	the	DET
ajeer-3733	208	29	drawdown	drawdown	NOUN
ajeer-3733	208	30	of	of	ADP
ajeer-3733	208	31	government	government	NOUN
ajeer-3733	208	32	deposits	deposit	NOUN
ajeer-3733	208	33	.	.	PUNCT
ajeer-3733	209	1	10	10	NUM
ajeer-3733	209	2	the	the	DET
ajeer-3733	209	3	empirical	empirical	ADJ
ajeer-3733	209	4	literature	literature	NOUN
ajeer-3733	209	5	on	on	ADP
ajeer-3733	209	6	aid	aid	NOUN
ajeer-3733	209	7	agrees	agree	VERB
ajeer-3733	209	8	that	that	SCONJ
ajeer-3733	209	9	donors	donor	NOUN
ajeer-3733	209	10	,	,	PUNCT
ajeer-3733	209	11	other	other	ADJ
ajeer-3733	209	12	than	than	ADP
ajeer-3733	209	13	multilateral	multilateral	ADJ
ajeer-3733	209	14	donors	donor	NOUN
ajeer-3733	209	15	,	,	PUNCT
ajeer-3733	209	16	act	act	VERB
ajeer-3733	209	17	procyclically	procyclically	ADV
ajeer-3733	209	18	on	on	ADP
ajeer-3733	209	19	average	average	ADJ
ajeer-3733	209	20	.	.	PUNCT
ajeer-3733	210	1	donors	donor	NOUN
ajeer-3733	210	2	typically	typically	ADV
ajeer-3733	210	3	do	do	AUX
ajeer-3733	210	4	not	not	PART
ajeer-3733	210	5	increase	increase	VERB
ajeer-3733	210	6	concessional	concessional	ADJ
ajeer-3733	210	7	disbursements	disbursement	NOUN
ajeer-3733	210	8	during	during	ADP
ajeer-3733	210	9	crises	crisis	NOUN
ajeer-3733	210	10	,	,	PUNCT
ajeer-3733	210	11	but	but	CCONJ
ajeer-3733	210	12	aid	aid	NOUN
ajeer-3733	210	13	disbursements	disbursement	NOUN
ajeer-3733	210	14	decline	decline	VERB
ajeer-3733	210	15	as	as	SCONJ
ajeer-3733	210	16	recipient	recipient	NOUN
ajeer-3733	210	17	countries	country	NOUN
ajeer-3733	210	18	tend	tend	VERB
ajeer-3733	210	19	to	to	PART
ajeer-3733	210	20	fail	fail	VERB
ajeer-3733	210	21	conditionality	conditionality	NOUN
ajeer-3733	210	22	targets	target	NOUN
ajeer-3733	210	23	during	during	ADP
ajeer-3733	210	24	crises	crisis	NOUN
ajeer-3733	210	25	(	(	PUNCT
ajeer-3733	210	26	bulíř	bulíř	PROPN
ajeer-3733	210	27	&	&	CCONJ
ajeer-3733	210	28	hamann	hamann	PROPN
ajeer-3733	210	29	,	,	PUNCT
ajeer-3733	210	30	2008	2008	NUM
ajeer-3733	210	31	;	;	PUNCT
ajeer-3733	210	32	pallage	pallage	NOUN
ajeer-3733	210	33	,	,	PUNCT
ajeer-3733	210	34	robe	robe	NOUN
ajeer-3733	210	35	,	,	PUNCT
ajeer-3733	210	36	&	&	CCONJ
ajeer-3733	210	37	bérubé	bérubé	NOUN
ajeer-3733	210	38	,	,	PUNCT
ajeer-3733	210	39	2006	2006	NUM
ajeer-3733	210	40	;	;	PUNCT
ajeer-3733	210	41	romero	romero	PROPN
ajeer-3733	210	42	-	-	PUNCT
ajeer-3733	210	43	barrutieta	barrutieta	ADJ
ajeer-3733	210	44	,	,	PUNCT
ajeer-3733	210	45	bulíř	bulíř	NOUN
ajeer-3733	210	46	,	,	PUNCT
ajeer-3733	210	47	&	&	CCONJ
ajeer-3733	210	48	rodríguez	rodríguez	PROPN
ajeer-3733	210	49	-	-	PUNCT
ajeer-3733	210	50	delgado	delgado	NOUN
ajeer-3733	210	51	,	,	PUNCT
ajeer-3733	210	52	2015	2015	NUM
ajeer-3733	210	53	)	)	PUNCT
ajeer-3733	210	54	.	.	PUNCT
ajeer-3733	211	1	11	11	NUM
ajeer-3733	211	2	cambodia	cambodia	PROPN
ajeer-3733	211	3	has	have	VERB
ajeer-3733	211	4	a	a	DET
ajeer-3733	211	5	formal	formal	ADJ
ajeer-3733	211	6	external	external	ADJ
ajeer-3733	211	7	debt	debt	NOUN
ajeer-3733	211	8	ceiling	ceiling	NOUN
ajeer-3733	211	9	of	of	ADP
ajeer-3733	211	10	40	40	NUM
ajeer-3733	211	11	percent	percent	NOUN
ajeer-3733	211	12	of	of	ADP
ajeer-3733	211	13	gdp	gdp	NOUN
ajeer-3733	211	14	and	and	CCONJ
ajeer-3733	211	15	a	a	DET
ajeer-3733	211	16	domestic	domestic	ADJ
ajeer-3733	211	17	debt	debt	NOUN
ajeer-3733	211	18	ceiling	ceiling	NOUN
ajeer-3733	211	19	of	of	ADP
ajeer-3733	211	20	15	15	NUM
ajeer-3733	211	21	percent	percent	NOUN
ajeer-3733	211	22	but	but	CCONJ
ajeer-3733	211	23	has	have	AUX
ajeer-3733	211	24	not	not	PART
ajeer-3733	211	25	borrowed	borrow	VERB
ajeer-3733	211	26	domestically	domestically	ADV
ajeer-3733	211	27	at	at	ADV
ajeer-3733	211	28	all	all	ADV
ajeer-3733	211	29	.	.	PUNCT
ajeer-3733	212	1	12	12	NUM
ajeer-3733	212	2	several	several	ADJ
ajeer-3733	212	3	such	such	ADJ
ajeer-3733	212	4	shocks	shock	NOUN
ajeer-3733	212	5	were	be	AUX
ajeer-3733	212	6	explored	explore	VERB
ajeer-3733	212	7	during	during	ADP
ajeer-3733	212	8	past	past	ADJ
ajeer-3733	212	9	technical	technical	ADJ
ajeer-3733	212	10	assistance	assistance	NOUN
ajeer-3733	212	11	visits	visit	NOUN
ajeer-3733	212	12	.	.	PUNCT
ajeer-3733	213	1	for	for	ADP
ajeer-3733	213	2	example	example	NOUN
ajeer-3733	213	3	,	,	PUNCT
ajeer-3733	213	4	in	in	ADP
ajeer-3733	213	5	february	february	PROPN
ajeer-3733	213	6	2020	2020	NUM
ajeer-3733	213	7	the	the	DET
ajeer-3733	213	8	european	european	PROPN
ajeer-3733	213	9	commission	commission	PROPN
ajeer-3733	213	10	decided	decide	VERB
ajeer-3733	213	11	to	to	PART
ajeer-3733	213	12	partially	partially	ADV
ajeer-3733	213	13	withdraw	withdraw	VERB
ajeer-3733	213	14	cambodia	cambodia	PROPN
ajeer-3733	213	15	’s	’s	PART
ajeer-3733	213	16	preferential	preferential	ADJ
ajeer-3733	213	17	access	access	NOUN
ajeer-3733	213	18	to	to	ADP
ajeer-3733	213	19	the	the	DET
ajeer-3733	213	20	eu	eu	PROPN
ajeer-3733	213	21	market	market	NOUN
ajeer-3733	213	22	“	"	PUNCT
ajeer-3733	213	23	due	due	ADP
ajeer-3733	213	24	to	to	ADP
ajeer-3733	213	25	the	the	DET
ajeer-3733	213	26	serious	serious	ADJ
ajeer-3733	213	27	and	and	CCONJ
ajeer-3733	213	28	systematic	systematic	ADJ
ajeer-3733	213	29	violations	violation	NOUN
ajeer-3733	213	30	of	of	ADP
ajeer-3733	213	31	human	human	ADJ
ajeer-3733	213	32	rights	right	NOUN
ajeer-3733	213	33	principles	principle	NOUN
ajeer-3733	213	34	”	"	PUNCT
ajeer-3733	214	1	https://ec.europa.eu/commission/	https://ec.europa.eu/commission/	NOUN
ajeer-3733	214	2	presscorner	presscorner	NOUN
ajeer-3733	214	3	/	/	SYM
ajeer-3733	214	4	detail	detail	NOUN
ajeer-3733	214	5	/	/	SYM
ajeer-3733	214	6	en	en	NOUN
ajeer-3733	214	7	/	/	SYM
ajeer-3733	214	8	ip_20_229	ip_20_229	NOUN
ajeer-3733	214	9	.	.	PUNCT
ajeer-3733	215	1	on	on	ADP
ajeer-3733	215	2	january	january	PROPN
ajeer-3733	215	3	1	1	NUM
ajeer-3733	215	4	,	,	PUNCT
ajeer-3733	215	5	2020	2020	NUM
ajeer-3733	215	6	,	,	PUNCT
ajeer-3733	215	7	casinos	casino	NOUN
ajeer-3733	215	8	in	in	ADP
ajeer-3733	215	9	the	the	DET
ajeer-3733	215	10	seaside	seaside	NOUN
ajeer-3733	215	11	resort	resort	NOUN
ajeer-3733	215	12	of	of	ADP
ajeer-3733	215	13	sihanoukville	sihanoukville	NOUN
ajeer-3733	215	14	were	be	AUX
ajeer-3733	215	15	asked	ask	VERB
ajeer-3733	215	16	to	to	PART
ajeer-3733	215	17	shut	shut	VERB
ajeer-3733	215	18	down	down	ADP
ajeer-3733	215	19	their	their	PRON
ajeer-3733	215	20	online	online	ADJ
ajeer-3733	215	21	operations	operation	NOUN
ajeer-3733	215	22	,	,	PUNCT
ajeer-3733	215	23	causing	cause	VERB
ajeer-3733	215	24	massive	massive	ADJ
ajeer-3733	215	25	employment	employment	NOUN
ajeer-3733	215	26	and	and	CCONJ
ajeer-3733	215	27	real	real	ADJ
ajeer-3733	215	28	estate	estate	NOUN
ajeer-3733	215	29	losses	loss	NOUN
ajeer-3733	215	30	.	.	PUNCT
ajeer-3733	216	1	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobscasinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobscasinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	PROPN
ajeer-3733	216	2	.	.	PUNCT
ajeer-3733	217	1	https://ec.europa.eu/commission/%20presscorner/detail/en/ip_20_229	https://ec.europa.eu/commission/%20presscorner/detail/en/ip_20_229	PROPN
ajeer-3733	217	2	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobs-casinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobs-casinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	PROPN
ajeer-3733	217	3	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobs-casinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	https://www.reuters.com/article/us-cambodia-gambling/thousands-lose-jobs-casinos-shut-as-cambodia-bans-online-gambling-iduskbn1yz0o3	PROPN
ajeer-3733	217	4	asian	asian	ADJ
ajeer-3733	217	5	journal	journal	NOUN
ajeer-3733	217	6	of	of	ADP
ajeer-3733	217	7	economics	economic	NOUN
ajeer-3733	217	8	and	and	CCONJ
ajeer-3733	217	9	empirical	empirical	ADJ
ajeer-3733	217	10	research	research	NOUN
ajeer-3733	217	11	,	,	PUNCT
ajeer-3733	217	12	2022	2022	NUM
ajeer-3733	217	13	,	,	PUNCT
ajeer-3733	217	14	9(1	9(1	NUM
ajeer-3733	217	15	):	):	PUNCT
ajeer-3733	217	16	21	21	NUM
ajeer-3733	217	17	-	-	SYM
ajeer-3733	217	18	37	37	NUM
ajeer-3733	217	19	27	27	NUM
ajeer-3733	217	20	©	©	PROPN
ajeer-3733	217	21	2022	2022	NUM
ajeer-3733	217	22	by	by	ADP
ajeer-3733	217	23	the	the	DET
ajeer-3733	217	24	authors	author	NOUN
ajeer-3733	217	25	;	;	PUNCT
ajeer-3733	217	26	licensee	licensee	PROPN
ajeer-3733	217	27	asian	asian	ADJ
ajeer-3733	217	28	online	online	PROPN
ajeer-3733	217	29	journal	journal	PROPN
ajeer-3733	217	30	publishing	publishing	NOUN
ajeer-3733	217	31	group	group	NOUN
ajeer-3733	217	32	about	about	ADP
ajeer-3733	217	33	the	the	DET
ajeer-3733	217	34	cambodia	cambodia	PROPN
ajeer-3733	217	35	business	business	NOUN
ajeer-3733	217	36	cycle	cycle	NOUN
ajeer-3733	217	37	(	(	PUNCT
ajeer-3733	217	38	imf	imf	PROPN
ajeer-3733	217	39	(	(	PUNCT
ajeer-3733	217	40	international	international	ADJ
ajeer-3733	217	41	monetary	monetary	ADJ
ajeer-3733	217	42	fund	fund	NOUN
ajeer-3733	217	43	)	)	PUNCT
ajeer-3733	217	44	,	,	PUNCT
ajeer-3733	217	45	2018b	2018b	NUM
ajeer-3733	217	46	,	,	PUNCT
ajeer-3733	217	47	2019	2019	NUM
ajeer-3733	217	48	)	)	PUNCT
ajeer-3733	217	49	.	.	PUNCT
ajeer-3733	218	1	(	(	PUNCT
ajeer-3733	218	2	4	4	X
ajeer-3733	218	3	)	)	PUNCT
ajeer-3733	218	4	finally	finally	ADV
ajeer-3733	218	5	,	,	PUNCT
ajeer-3733	218	6	the	the	DET
ajeer-3733	218	7	model	model	NOUN
ajeer-3733	218	8	must	must	AUX
ajeer-3733	218	9	be	be	AUX
ajeer-3733	218	10	able	able	ADJ
ajeer-3733	218	11	to	to	PART
ajeer-3733	218	12	generate	generate	VERB
ajeer-3733	218	13	reasonable	reasonable	ADJ
ajeer-3733	218	14	recursive	recursive	ADJ
ajeer-3733	218	15	forecasts	forecast	NOUN
ajeer-3733	218	16	,	,	PUNCT
ajeer-3733	218	17	with	with	ADP
ajeer-3733	218	18	inflation	inflation	NOUN
ajeer-3733	218	19	and	and	CCONJ
ajeer-3733	218	20	output	output	NOUN
ajeer-3733	218	21	converging	converge	VERB
ajeer-3733	218	22	to	to	ADP
ajeer-3733	218	23	their	their	PRON
ajeer-3733	218	24	steady	steady	ADJ
ajeer-3733	218	25	-	-	PUNCT
ajeer-3733	218	26	state	state	NOUN
ajeer-3733	218	27	values	value	NOUN
ajeer-3733	218	28	over	over	ADP
ajeer-3733	218	29	the	the	DET
ajeer-3733	218	30	medium	medium	ADJ
ajeer-3733	218	31	term	term	NOUN
ajeer-3733	218	32	.	.	PUNCT
ajeer-3733	219	1	c.	c.	PROPN
ajeer-3733	219	2	test	test	NOUN
ajeer-3733	219	3	driving	drive	VERB
ajeer-3733	219	4	the	the	DET
ajeer-3733	219	5	camfi	camfi	NOUN
ajeer-3733	219	6	in	in	ADP
ajeer-3733	219	7	this	this	DET
ajeer-3733	219	8	section	section	NOUN
ajeer-3733	219	9	,	,	PUNCT
ajeer-3733	219	10	we	we	PRON
ajeer-3733	219	11	validate	validate	VERB
ajeer-3733	219	12	our	our	PRON
ajeer-3733	219	13	calibration	calibration	NOUN
ajeer-3733	219	14	against	against	ADP
ajeer-3733	219	15	the	the	DET
ajeer-3733	219	16	generally	generally	ADV
ajeer-3733	219	17	accepted	accept	VERB
ajeer-3733	219	18	narrative	narrative	NOUN
ajeer-3733	219	19	based	base	VERB
ajeer-3733	219	20	on	on	ADP
ajeer-3733	219	21	three	three	NUM
ajeer-3733	219	22	considerations	consideration	NOUN
ajeer-3733	219	23	:	:	PUNCT
ajeer-3733	219	24	impulse	impulse	ADJ
ajeer-3733	219	25	response	response	NOUN
ajeer-3733	219	26	functions	function	NOUN
ajeer-3733	219	27	,	,	PUNCT
ajeer-3733	219	28	estimation	estimation	NOUN
ajeer-3733	219	29	of	of	ADP
ajeer-3733	219	30	unobserved	unobserved	ADJ
ajeer-3733	219	31	variables	variable	NOUN
ajeer-3733	219	32	,	,	PUNCT
ajeer-3733	219	33	and	and	CCONJ
ajeer-3733	219	34	recursive	recursive	ADJ
ajeer-3733	219	35	forecasts	forecast	NOUN
ajeer-3733	219	36	.	.	PUNCT
ajeer-3733	220	1	chart	chart	NOUN
ajeer-3733	220	2	1	1	NUM
ajeer-3733	220	3	.	.	PUNCT
ajeer-3733	220	4	economic	economic	ADJ
ajeer-3733	220	5	growth	growth	NOUN
ajeer-3733	220	6	.	.	PUNCT
ajeer-3733	221	1	source	source	NOUN
ajeer-3733	221	2	:	:	PUNCT
ajeer-3733	221	3	cambodian	cambodian	ADJ
ajeer-3733	221	4	authorities	authority	NOUN
ajeer-3733	221	5	and	and	CCONJ
ajeer-3733	221	6	imf	imf	PROPN
ajeer-3733	221	7	staff	staff	NOUN
ajeer-3733	221	8	report	report	NOUN
ajeer-3733	221	9	.	.	PUNCT
ajeer-3733	222	1	chart	chart	NOUN
ajeer-3733	222	2	2	2	NUM
ajeer-3733	222	3	.	.	PUNCT
ajeer-3733	222	4	dollarization	dollarization	NOUN
ajeer-3733	222	5	.	.	PUNCT
ajeer-3733	223	1	source	source	NOUN
ajeer-3733	223	2	:	:	PUNCT
ajeer-3733	223	3	cambodian	cambodian	ADJ
ajeer-3733	223	4	authorities	authority	NOUN
ajeer-3733	223	5	.	.	PUNCT
ajeer-3733	224	1	chart	chart	NOUN
ajeer-3733	224	2	3	3	NUM
ajeer-3733	224	3	.	.	PUNCT
ajeer-3733	225	1	the	the	DET
ajeer-3733	225	2	exchange	exchange	NOUN
ajeer-3733	225	3	rate	rate	NOUN
ajeer-3733	225	4	.	.	PUNCT
ajeer-3733	226	1	source	source	NOUN
ajeer-3733	226	2	:	:	PUNCT
ajeer-3733	226	3	national	national	PROPN
ajeer-3733	226	4	bank	bank	PROPN
ajeer-3733	226	5	of	of	ADP
ajeer-3733	226	6	cambodia	cambodia	PROPN
ajeer-3733	226	7	.	.	PUNCT
ajeer-3733	227	1	chart	chart	NOUN
ajeer-3733	227	2	4	4	NUM
ajeer-3733	227	3	.	.	PUNCT
ajeer-3733	228	1	revenues	revenue	NOUN
ajeer-3733	228	2	and	and	CCONJ
ajeer-3733	228	3	expenditures	expenditure	NOUN
ajeer-3733	228	4	.	.	PUNCT
ajeer-3733	229	1	source	source	NOUN
ajeer-3733	229	2	:	:	PUNCT
ajeer-3733	229	3	cambodian	cambodian	ADJ
ajeer-3733	229	4	authorities	authority	NOUN
ajeer-3733	229	5	;	;	PUNCT
ajeer-3733	229	6	imf	imf	PROPN
ajeer-3733	229	7	staff	staff	NOUN
ajeer-3733	229	8	report	report	NOUN
ajeer-3733	229	9	.	.	PUNCT
ajeer-3733	230	1	chart	chart	NOUN
ajeer-3733	230	2	5	5	NUM
ajeer-3733	230	3	.	.	PUNCT
ajeer-3733	231	1	the	the	DET
ajeer-3733	231	2	fiscal	fiscal	ADJ
ajeer-3733	231	3	balance	balance	NOUN
ajeer-3733	231	4	.	.	PUNCT
ajeer-3733	232	1	source	source	NOUN
ajeer-3733	232	2	:	:	PUNCT
ajeer-3733	232	3	cambodian	cambodian	ADJ
ajeer-3733	232	4	authorities	authority	NOUN
ajeer-3733	232	5	;	;	PUNCT
ajeer-3733	232	6	authors	author	NOUN
ajeer-3733	232	7	’	’	PART
ajeer-3733	232	8	calculations	calculation	NOUN
ajeer-3733	232	9	.	.	PUNCT
ajeer-3733	233	1	chart	chart	NOUN
ajeer-3733	233	2	6	6	NUM
ajeer-3733	233	3	.	.	PUNCT
ajeer-3733	233	4	net	net	ADJ
ajeer-3733	233	5	lending	lending	NOUN
ajeer-3733	233	6	.	.	PUNCT
ajeer-3733	234	1	source	source	NOUN
ajeer-3733	234	2	:	:	PUNCT
ajeer-3733	234	3	cambodian	cambodian	ADJ
ajeer-3733	234	4	authorities	authority	NOUN
ajeer-3733	234	5	;	;	PUNCT
ajeer-3733	234	6	authors	author	NOUN
ajeer-3733	234	7	’	'	PUNCT
ajeer-3733	234	8	calculations	calculation	NOUN
ajeer-3733	234	9	.	.	PUNCT
ajeer-3733	235	1	figure	figure	NOUN
ajeer-3733	235	2	2	2	NUM
ajeer-3733	235	3	.	.	PUNCT
ajeer-3733	236	1	cambodia	cambodia	PROPN
ajeer-3733	236	2	:	:	PUNCT
ajeer-3733	236	3	selected	select	VERB
ajeer-3733	236	4	stylized	stylize	VERB
ajeer-3733	236	5	facts	fact	NOUN
ajeer-3733	236	6	.	.	PUNCT
ajeer-3733	237	1	3.1	3.1	NUM
ajeer-3733	237	2	.	.	PUNCT
ajeer-3733	237	3	impulse	impulse	ADJ
ajeer-3733	237	4	responses	response	NOUN
ajeer-3733	237	5	to	to	PART
ajeer-3733	237	6	assess	assess	VERB
ajeer-3733	237	7	the	the	DET
ajeer-3733	237	8	realism	realism	NOUN
ajeer-3733	237	9	of	of	ADP
ajeer-3733	237	10	the	the	DET
ajeer-3733	237	11	model	model	NOUN
ajeer-3733	237	12	’s	’s	PART
ajeer-3733	237	13	transmission	transmission	NOUN
ajeer-3733	237	14	mechanism	mechanism	NOUN
ajeer-3733	237	15	,	,	PUNCT
ajeer-3733	237	16	we	we	PRON
ajeer-3733	237	17	explore	explore	VERB
ajeer-3733	237	18	its	its	PRON
ajeer-3733	237	19	properties	property	NOUN
ajeer-3733	237	20	in	in	ADP
ajeer-3733	237	21	terms	term	NOUN
ajeer-3733	237	22	of	of	ADP
ajeer-3733	237	23	three	three	NUM
ajeer-3733	237	24	impulse	impulse	ADJ
ajeer-3733	237	25	responses	response	NOUN
ajeer-3733	237	26	:	:	PUNCT
ajeer-3733	237	27	(	(	PUNCT
ajeer-3733	237	28	1	1	X
ajeer-3733	237	29	)	)	PUNCT
ajeer-3733	237	30	a	a	DET
ajeer-3733	237	31	shock	shock	NOUN
ajeer-3733	237	32	to	to	PART
ajeer-3733	237	33	aggregate	aggregate	VERB
ajeer-3733	237	34	demand	demand	NOUN
ajeer-3733	237	35	:	:	PUNCT
ajeer-3733	237	36	an	an	DET
ajeer-3733	237	37	unexpected	unexpected	ADJ
ajeer-3733	237	38	increase	increase	NOUN
ajeer-3733	237	39	in	in	ADP
ajeer-3733	237	40	the	the	DET
ajeer-3733	237	41	domestic	domestic	ADJ
ajeer-3733	237	42	output	output	NOUN
ajeer-3733	237	43	gap	gap	NOUN
ajeer-3733	237	44	by	by	ADP
ajeer-3733	237	45	1	1	NUM
ajeer-3733	237	46	percentage	percentage	NOUN
ajeer-3733	237	47	point	point	NOUN
ajeer-3733	237	48	for	for	ADP
ajeer-3733	237	49	one	one	NUM
ajeer-3733	237	50	year	year	NOUN
ajeer-3733	237	51	;	;	PUNCT
ajeer-3733	237	52	(	(	PUNCT
ajeer-3733	237	53	2	2	X
ajeer-3733	237	54	)	)	PUNCT
ajeer-3733	237	55	a	a	DET
ajeer-3733	237	56	financial	financial	ADJ
ajeer-3733	237	57	shock	shock	NOUN
ajeer-3733	237	58	:	:	PUNCT
ajeer-3733	237	59	an	an	DET
ajeer-3733	237	60	unexpected	unexpected	ADJ
ajeer-3733	237	61	increase	increase	NOUN
ajeer-3733	237	62	in	in	ADP
ajeer-3733	237	63	the	the	DET
ajeer-3733	237	64	country	country	NOUN
ajeer-3733	237	65	risk	risk	NOUN
ajeer-3733	237	66	premium	premium	NOUN
ajeer-3733	237	67	by	by	ADP
ajeer-3733	237	68	1	1	NUM
ajeer-3733	237	69	percentage	percentage	NOUN
ajeer-3733	237	70	point	point	NOUN
ajeer-3733	237	71	for	for	ADP
ajeer-3733	237	72	one	one	NUM
ajeer-3733	237	73	year	year	NOUN
ajeer-3733	237	74	;	;	PUNCT
ajeer-3733	237	75	and	and	CCONJ
ajeer-3733	237	76	(	(	PUNCT
ajeer-3733	237	77	3	3	X
ajeer-3733	237	78	)	)	PUNCT
ajeer-3733	237	79	unexpected	unexpected	ADJ
ajeer-3733	237	80	temporary	temporary	ADJ
ajeer-3733	237	81	and	and	CCONJ
ajeer-3733	237	82	permanent	permanent	ADJ
ajeer-3733	237	83	fiscal	fiscal	ADJ
ajeer-3733	237	84	expansions	expansion	NOUN
ajeer-3733	237	85	:	:	PUNCT
ajeer-3733	237	86	a	a	DET
ajeer-3733	237	87	shock	shock	NOUN
ajeer-3733	237	88	to	to	ADP
ajeer-3733	237	89	the	the	DET
ajeer-3733	237	90	primary	primary	ADJ
ajeer-3733	237	91	deficit	deficit	NOUN
ajeer-3733	237	92	by	by	ADP
ajeer-3733	237	93	1	1	NUM
ajeer-3733	237	94	percentage	percentage	NOUN
ajeer-3733	237	95	point	point	NOUN
ajeer-3733	237	96	without	without	ADP
ajeer-3733	237	97	and	and	CCONJ
ajeer-3733	237	98	with	with	ADP
ajeer-3733	237	99	a	a	DET
ajeer-3733	237	100	change	change	NOUN
ajeer-3733	237	101	in	in	ADP
ajeer-3733	237	102	the	the	DET
ajeer-3733	237	103	debt	debt	NOUN
ajeer-3733	237	104	target	target	NOUN
ajeer-3733	237	105	.	.	PUNCT
ajeer-3733	238	1	the	the	DET
ajeer-3733	238	2	impulse	impulse	ADJ
ajeer-3733	238	3	responses	response	NOUN
ajeer-3733	238	4	from	from	ADP
ajeer-3733	238	5	a	a	DET
ajeer-3733	238	6	calibrated	calibrate	VERB
ajeer-3733	238	7	model	model	NOUN
ajeer-3733	238	8	must	must	AUX
ajeer-3733	238	9	correspond	correspond	VERB
ajeer-3733	238	10	to	to	ADP
ajeer-3733	238	11	the	the	DET
ajeer-3733	238	12	available	available	ADJ
ajeer-3733	238	13	empirical	empirical	ADJ
ajeer-3733	238	14	evidence	evidence	NOUN
ajeer-3733	238	15	.	.	PUNCT
ajeer-3733	239	1	because	because	SCONJ
ajeer-3733	239	2	empirical	empirical	ADJ
ajeer-3733	239	3	studies	study	NOUN
ajeer-3733	239	4	using	use	VERB
ajeer-3733	239	5	cambodian	cambodian	ADJ
ajeer-3733	239	6	data	datum	NOUN
ajeer-3733	239	7	are	be	AUX
ajeer-3733	239	8	few	few	ADJ
ajeer-3733	239	9	,	,	PUNCT
ajeer-3733	239	10	we	we	PRON
ajeer-3733	239	11	rely	rely	VERB
ajeer-3733	239	12	on	on	ADP
ajeer-3733	239	13	panel	panel	NOUN
ajeer-3733	239	14	empirical	empirical	ADJ
ajeer-3733	239	15	studies	study	NOUN
ajeer-3733	239	16	(	(	PUNCT
ajeer-3733	239	17	fatás	fatás	PROPN
ajeer-3733	239	18	&	&	CCONJ
ajeer-3733	239	19	mihov	mihov	PROPN
ajeer-3733	239	20	,	,	PUNCT
ajeer-3733	239	21	2001	2001	NUM
ajeer-3733	239	22	;	;	PUNCT
ajeer-3733	239	23	owyang	owyang	PROPN
ajeer-3733	239	24	,	,	PUNCT
ajeer-3733	239	25	ramey	ramey	PROPN
ajeer-3733	239	26	,	,	PUNCT
ajeer-3733	239	27	&	&	CCONJ
ajeer-3733	239	28	zubairy	zubairy	NOUN
ajeer-3733	239	29	,	,	PUNCT
ajeer-3733	239	30	2013	2013	NUM
ajeer-3733	239	31	)	)	PUNCT
ajeer-3733	239	32	for	for	ADP
ajeer-3733	239	33	the	the	DET
ajeer-3733	239	34	shape	shape	NOUN
ajeer-3733	239	35	of	of	ADP
ajeer-3733	239	36	the	the	DET
ajeer-3733	239	37	impulse	impulse	ADJ
ajeer-3733	239	38	responses	response	NOUN
ajeer-3733	239	39	and	and	CCONJ
ajeer-3733	239	40	on	on	ADP
ajeer-3733	239	41	batini	batini	NOUN
ajeer-3733	239	42	,	,	PUNCT
ajeer-3733	239	43	eyraud	eyraud	ADJ
ajeer-3733	239	44	,	,	PUNCT
ajeer-3733	239	45	forni	forni	ADJ
ajeer-3733	239	46	,	,	PUNCT
ajeer-3733	239	47	and	and	CCONJ
ajeer-3733	239	48	weber	weber	PROPN
ajeer-3733	239	49	(	(	PUNCT
ajeer-3733	239	50	2014	2014	NUM
ajeer-3733	239	51	)	)	PUNCT
ajeer-3733	239	52	for	for	ADP
ajeer-3733	239	53	the	the	DET
ajeer-3733	239	54	fiscal	fiscal	ADJ
ajeer-3733	239	55	multipliers	multiplier	NOUN
ajeer-3733	239	56	.	.	PUNCT
ajeer-3733	240	1	such	such	ADJ
ajeer-3733	240	2	studies	study	NOUN
ajeer-3733	240	3	provide	provide	VERB
ajeer-3733	240	4	stylized	stylize	VERB
ajeer-3733	240	5	facts	fact	NOUN
ajeer-3733	240	6	that	that	SCONJ
ajeer-3733	240	7	our	our	PRON
ajeer-3733	240	8	simulations	simulation	NOUN
ajeer-3733	240	9	attempt	attempt	VERB
ajeer-3733	240	10	to	to	PART
ajeer-3733	240	11	mimic	mimic	VERB
ajeer-3733	240	12	.	.	PUNCT
ajeer-3733	241	1	what	what	PRON
ajeer-3733	241	2	are	be	AUX
ajeer-3733	241	3	some	some	PRON
ajeer-3733	241	4	of	of	ADP
ajeer-3733	241	5	those	those	DET
ajeer-3733	241	6	stylized	stylize	VERB
ajeer-3733	241	7	facts	fact	NOUN
ajeer-3733	241	8	?	?	PUNCT
ajeer-3733	242	1	(	(	PUNCT
ajeer-3733	242	2	1	1	X
ajeer-3733	242	3	)	)	PUNCT
ajeer-3733	242	4	because	because	SCONJ
ajeer-3733	242	5	empirical	empirical	ADJ
ajeer-3733	242	6	effects	effect	NOUN
ajeer-3733	242	7	of	of	ADP
ajeer-3733	242	8	fiscal	fiscal	ADJ
ajeer-3733	242	9	actions	action	NOUN
ajeer-3733	242	10	are	be	AUX
ajeer-3733	242	11	long	long	ADV
ajeer-3733	242	12	-	-	PUNCT
ajeer-3733	242	13	lasting	last	VERB
ajeer-3733	242	14	,	,	PUNCT
ajeer-3733	242	15	stretching	stretch	VERB
ajeer-3733	242	16	beyond	beyond	ADP
ajeer-3733	242	17	seven	seven	NUM
ajeer-3733	242	18	years	year	NOUN
ajeer-3733	242	19	,	,	PUNCT
ajeer-3733	242	20	the	the	DET
ajeer-3733	242	21	return	return	NOUN
ajeer-3733	242	22	to	to	ADP
ajeer-3733	242	23	the	the	DET
ajeer-3733	242	24	steady	steady	ADJ
ajeer-3733	242	25	state	state	NOUN
ajeer-3733	242	26	is	be	AUX
ajeer-3733	242	27	necessarily	necessarily	ADV
ajeer-3733	242	28	much	much	ADV
ajeer-3733	242	29	slower	slow	ADJ
ajeer-3733	242	30	than	than	ADP
ajeer-3733	242	31	in	in	ADP
ajeer-3733	242	32	the	the	DET
ajeer-3733	242	33	monetary	monetary	ADJ
ajeer-3733	242	34	model	model	NOUN
ajeer-3733	242	35	outlined	outline	VERB
ajeer-3733	242	36	by	by	ADP
ajeer-3733	242	37	berg	berg	PROPN
ajeer-3733	242	38	,	,	PUNCT
ajeer-3733	242	39	karam	karam	PROPN
ajeer-3733	242	40	,	,	PUNCT
ajeer-3733	242	41	&	&	CCONJ
ajeer-3733	242	42	laxton	laxton	PROPN
ajeer-3733	242	43	(	(	PUNCT
ajeer-3733	242	44	2006	2006	NUM
ajeer-3733	242	45	)	)	PUNCT
ajeer-3733	242	46	.	.	PUNCT
ajeer-3733	243	1	(	(	PUNCT
ajeer-3733	243	2	2	2	X
ajeer-3733	243	3	)	)	PUNCT
ajeer-3733	243	4	the	the	DET
ajeer-3733	243	5	impact	impact	NOUN
ajeer-3733	243	6	of	of	ADP
ajeer-3733	243	7	fiscal	fiscal	ADJ
ajeer-3733	243	8	policy	policy	NOUN
ajeer-3733	243	9	actions	action	NOUN
ajeer-3733	243	10	on	on	ADP
ajeer-3733	243	11	output	output	NOUN
ajeer-3733	243	12	depends	depend	VERB
ajeer-3733	243	13	on	on	ADP
ajeer-3733	243	14	the	the	DET
ajeer-3733	243	15	monetary	monetary	ADJ
ajeer-3733	243	16	regime	regime	NOUN
ajeer-3733	243	17	—	—	PUNCT
ajeer-3733	243	18	when	when	SCONJ
ajeer-3733	243	19	exchange	exchange	NOUN
ajeer-3733	243	20	rates	rate	NOUN
ajeer-3733	243	21	are	be	AUX
ajeer-3733	243	22	fixed	fix	VERB
ajeer-3733	243	23	,	,	PUNCT
ajeer-3733	243	24	the	the	DET
ajeer-3733	243	25	multipliers	multiplier	NOUN
ajeer-3733	243	26	tend	tend	VERB
ajeer-3733	243	27	to	to	PART
ajeer-3733	243	28	be	be	AUX
ajeer-3733	243	29	higher	high	ADJ
ajeer-3733	243	30	than	than	ADP
ajeer-3733	243	31	when	when	SCONJ
ajeer-3733	243	32	exchange	exchange	NOUN
ajeer-3733	243	33	rates	rate	NOUN
ajeer-3733	243	34	float	float	VERB
ajeer-3733	243	35	.	.	PUNCT
ajeer-3733	244	1	(	(	PUNCT
ajeer-3733	244	2	3	3	X
ajeer-3733	244	3	)	)	PUNCT
ajeer-3733	244	4	the	the	DET
ajeer-3733	244	5	fiscal	fiscal	ADJ
ajeer-3733	244	6	space	space	NOUN
ajeer-3733	244	7	asian	asian	PROPN
ajeer-3733	244	8	journal	journal	NOUN
ajeer-3733	244	9	of	of	ADP
ajeer-3733	244	10	economics	economic	NOUN
ajeer-3733	244	11	and	and	CCONJ
ajeer-3733	244	12	empirical	empirical	ADJ
ajeer-3733	244	13	research	research	NOUN
ajeer-3733	244	14	,	,	PUNCT
ajeer-3733	244	15	2022	2022	NUM
ajeer-3733	244	16	,	,	PUNCT
ajeer-3733	244	17	9(1	9(1	NUM
ajeer-3733	244	18	):	):	PUNCT
ajeer-3733	244	19	21	21	NUM
ajeer-3733	244	20	-	-	SYM
ajeer-3733	244	21	37	37	NUM
ajeer-3733	244	22	28	28	NUM
ajeer-3733	244	23	©	©	PROPN
ajeer-3733	244	24	2022	2022	NUM
ajeer-3733	244	25	by	by	ADP
ajeer-3733	244	26	the	the	DET
ajeer-3733	244	27	authors	author	NOUN
ajeer-3733	244	28	;	;	PUNCT
ajeer-3733	244	29	licensee	licensee	PROPN
ajeer-3733	244	30	asian	asian	ADJ
ajeer-3733	244	31	online	online	PROPN
ajeer-3733	244	32	journal	journal	PROPN
ajeer-3733	244	33	publishing	publishing	NOUN
ajeer-3733	244	34	group	group	NOUN
ajeer-3733	244	35	matters	matter	NOUN
ajeer-3733	244	36	:	:	PUNCT
ajeer-3733	244	37	multipliers	multiplier	NOUN
ajeer-3733	244	38	are	be	AUX
ajeer-3733	244	39	higher	high	ADJ
ajeer-3733	244	40	in	in	ADP
ajeer-3733	244	41	countries	country	NOUN
ajeer-3733	244	42	that	that	PRON
ajeer-3733	244	43	can	can	AUX
ajeer-3733	244	44	temporarily	temporarily	ADV
ajeer-3733	244	45	support	support	VERB
ajeer-3733	244	46	higher	high	ADJ
ajeer-3733	244	47	debt	debt	NOUN
ajeer-3733	244	48	-	-	PUNCT
ajeer-3733	244	49	to	to	ADP
ajeer-3733	244	50	-	-	PUNCT
ajeer-3733	244	51	gdp	gdp	NOUN
ajeer-3733	244	52	ratios	ratio	NOUN
ajeer-3733	244	53	without	without	ADP
ajeer-3733	244	54	sustainability	sustainability	NOUN
ajeer-3733	244	55	concerns	concern	NOUN
ajeer-3733	244	56	.	.	PUNCT
ajeer-3733	245	1	(	(	PUNCT
ajeer-3733	245	2	4	4	NUM
ajeer-3733	245	3	)	)	PUNCT
ajeer-3733	245	4	as	as	ADV
ajeer-3733	245	5	long	long	ADV
ajeer-3733	245	6	as	as	SCONJ
ajeer-3733	245	7	one	one	NUM
ajeer-3733	245	8	expects	expect	VERB
ajeer-3733	245	9	the	the	DET
ajeer-3733	245	10	debtor	debtor	NOUN
ajeer-3733	245	11	country	country	NOUN
ajeer-3733	245	12	to	to	PART
ajeer-3733	245	13	honor	honor	VERB
ajeer-3733	245	14	its	its	PRON
ajeer-3733	245	15	debts	debt	NOUN
ajeer-3733	245	16	,	,	PUNCT
ajeer-3733	245	17	debt	debt	NOUN
ajeer-3733	245	18	today	today	NOUN
ajeer-3733	245	19	will	will	AUX
ajeer-3733	245	20	have	have	VERB
ajeer-3733	245	21	to	to	PART
ajeer-3733	245	22	be	be	AUX
ajeer-3733	245	23	serviced	service	VERB
ajeer-3733	245	24	through	through	ADP
ajeer-3733	245	25	consolidation	consolidation	NOUN
ajeer-3733	245	26	in	in	ADP
ajeer-3733	245	27	the	the	DET
ajeer-3733	245	28	future	future	NOUN
ajeer-3733	245	29	,	,	PUNCT
ajeer-3733	245	30	which	which	PRON
ajeer-3733	245	31	means	mean	VERB
ajeer-3733	245	32	the	the	DET
ajeer-3733	245	33	long	long	ADV
ajeer-3733	245	34	-	-	PUNCT
ajeer-3733	245	35	run	run	NOUN
ajeer-3733	245	36	multipliers	multiplier	NOUN
ajeer-3733	245	37	will	will	AUX
ajeer-3733	245	38	be	be	AUX
ajeer-3733	245	39	around	around	ADP
ajeer-3733	245	40	zero.13	zero.13	NOUN
ajeer-3733	245	41	3.1.1	3.1.1	NUM
ajeer-3733	245	42	.	.	PUNCT
ajeer-3733	246	1	aggregate	aggregate	ADJ
ajeer-3733	246	2	demand	demand	NOUN
ajeer-3733	246	3	figure	figure	NOUN
ajeer-3733	246	4	3	3	NUM
ajeer-3733	246	5	illustrates	illustrate	VERB
ajeer-3733	246	6	the	the	DET
ajeer-3733	246	7	implications	implication	NOUN
ajeer-3733	246	8	of	of	ADP
ajeer-3733	246	9	a	a	DET
ajeer-3733	246	10	positive	positive	ADJ
ajeer-3733	246	11	aggregate	aggregate	ADJ
ajeer-3733	246	12	demand	demand	NOUN
ajeer-3733	246	13	shock	shock	NOUN
ajeer-3733	246	14	in	in	ADP
ajeer-3733	246	15	cambodia	cambodia	PROPN
ajeer-3733	246	16	.	.	PUNCT
ajeer-3733	247	1	windfall	windfall	NOUN
ajeer-3733	247	2	taxes	taxis	NOUN
ajeer-3733	247	3	and	and	CCONJ
ajeer-3733	247	4	lower	low	ADJ
ajeer-3733	247	5	cyclical	cyclical	ADJ
ajeer-3733	247	6	spending	spending	NOUN
ajeer-3733	247	7	push	push	VERB
ajeer-3733	247	8	the	the	DET
ajeer-3733	247	9	headline	headline	NOUN
ajeer-3733	247	10	primary	primary	ADJ
ajeer-3733	247	11	balance	balance	NOUN
ajeer-3733	247	12	into	into	ADP
ajeer-3733	247	13	surplus	surplus	NOUN
ajeer-3733	247	14	(	(	PUNCT
ajeer-3733	247	15	recall	recall	VERB
ajeer-3733	247	16	that	that	SCONJ
ajeer-3733	247	17	fiscal	fiscal	ADJ
ajeer-3733	247	18	deficits	deficit	NOUN
ajeer-3733	247	19	are	be	AUX
ajeer-3733	247	20	recorded	record	VERB
ajeer-3733	247	21	as	as	ADP
ajeer-3733	247	22	positive	positive	ADJ
ajeer-3733	247	23	numbers	number	NOUN
ajeer-3733	247	24	)	)	PUNCT
ajeer-3733	247	25	,	,	PUNCT
ajeer-3733	247	26	but	but	CCONJ
ajeer-3733	247	27	the	the	DET
ajeer-3733	247	28	cyclically	cyclically	ADV
ajeer-3733	247	29	-	-	PUNCT
ajeer-3733	247	30	adjusted	adjust	VERB
ajeer-3733	247	31	primary	primary	ADJ
ajeer-3733	247	32	balance	balance	NOUN
ajeer-3733	247	33	first	first	ADJ
ajeer-3733	247	34	swings	swing	NOUN
ajeer-3733	247	35	into	into	ADP
ajeer-3733	247	36	a	a	DET
ajeer-3733	247	37	deficit	deficit	NOUN
ajeer-3733	247	38	because	because	SCONJ
ajeer-3733	247	39	of	of	ADP
ajeer-3733	247	40	the	the	DET
ajeer-3733	247	41	positive	positive	ADJ
ajeer-3733	247	42	output	output	NOUN
ajeer-3733	247	43	gap	gap	NOUN
ajeer-3733	247	44	.	.	PUNCT
ajeer-3733	248	1	the	the	DET
ajeer-3733	248	2	debt	debt	NOUN
ajeer-3733	248	3	-	-	PUNCT
ajeer-3733	248	4	to	to	ADP
ajeer-3733	248	5	-	-	PUNCT
ajeer-3733	248	6	gdp	gdp	NOUN
ajeer-3733	248	7	ratio	ratio	NOUN
ajeer-3733	248	8	falls	fall	VERB
ajeer-3733	248	9	as	as	SCONJ
ajeer-3733	248	10	the	the	DET
ajeer-3733	248	11	numerator	numerator	NOUN
ajeer-3733	248	12	expands	expand	VERB
ajeer-3733	248	13	;	;	PUNCT
ajeer-3733	248	14	however	however	ADV
ajeer-3733	248	15	,	,	PUNCT
ajeer-3733	248	16	the	the	DET
ajeer-3733	248	17	fiscal	fiscal	ADJ
ajeer-3733	248	18	authority	authority	NOUN
ajeer-3733	248	19	will	will	AUX
ajeer-3733	248	20	bring	bring	VERB
ajeer-3733	248	21	it	it	PRON
ajeer-3733	248	22	back	back	ADV
ajeer-3733	248	23	to	to	ADP
ajeer-3733	248	24	the	the	DET
ajeer-3733	248	25	steady	steady	ADJ
ajeer-3733	248	26	state	state	NOUN
ajeer-3733	248	27	through	through	ADP
ajeer-3733	248	28	a	a	DET
ajeer-3733	248	29	series	series	NOUN
ajeer-3733	248	30	of	of	ADP
ajeer-3733	248	31	expected	expect	VERB
ajeer-3733	248	32	future	future	ADJ
ajeer-3733	248	33	deficits	deficit	NOUN
ajeer-3733	248	34	.	.	PUNCT
ajeer-3733	249	1	neither	neither	CCONJ
ajeer-3733	249	2	the	the	DET
ajeer-3733	249	3	nominal	nominal	ADJ
ajeer-3733	249	4	exchange	exchange	NOUN
ajeer-3733	249	5	rate	rate	NOUN
ajeer-3733	249	6	nor	nor	CCONJ
ajeer-3733	249	7	the	the	DET
ajeer-3733	249	8	nominal	nominal	ADJ
ajeer-3733	249	9	interest	interest	NOUN
ajeer-3733	249	10	rate	rate	NOUN
ajeer-3733	249	11	moves	move	NOUN
ajeer-3733	249	12	because	because	SCONJ
ajeer-3733	249	13	the	the	DET
ajeer-3733	249	14	former	former	ADJ
ajeer-3733	249	15	is	be	AUX
ajeer-3733	249	16	stabilized	stabilize	VERB
ajeer-3733	249	17	by	by	ADP
ajeer-3733	249	18	central	central	ADJ
ajeer-3733	249	19	bank	bank	NOUN
ajeer-3733	249	20	liquidity	liquidity	NOUN
ajeer-3733	249	21	operations	operation	NOUN
ajeer-3733	249	22	and	and	CCONJ
ajeer-3733	249	23	the	the	DET
ajeer-3733	249	24	latter	latter	ADJ
ajeer-3733	249	25	is	be	AUX
ajeer-3733	249	26	linked	link	VERB
ajeer-3733	249	27	to	to	ADP
ajeer-3733	249	28	the	the	DET
ajeer-3733	249	29	world	world	NOUN
ajeer-3733	249	30	interest	interest	NOUN
ajeer-3733	249	31	rate	rate	NOUN
ajeer-3733	249	32	through	through	ADP
ajeer-3733	249	33	the	the	DET
ajeer-3733	249	34	uip	uip	PROPN
ajeer-3733	249	35	.	.	PUNCT
ajeer-3733	250	1	however	however	ADV
ajeer-3733	250	2	,	,	PUNCT
ajeer-3733	250	3	domestic	domestic	ADJ
ajeer-3733	250	4	inflation	inflation	NOUN
ajeer-3733	250	5	reacts	react	VERB
ajeer-3733	250	6	to	to	ADP
ajeer-3733	250	7	the	the	DET
ajeer-3733	250	8	output	output	NOUN
ajeer-3733	250	9	gap	gap	NOUN
ajeer-3733	250	10	,	,	PUNCT
ajeer-3733	250	11	causing	cause	VERB
ajeer-3733	250	12	the	the	DET
ajeer-3733	250	13	real	real	ADJ
ajeer-3733	250	14	exchange	exchange	NOUN
ajeer-3733	250	15	rate	rate	NOUN
ajeer-3733	250	16	to	to	PART
ajeer-3733	250	17	appreciate	appreciate	VERB
ajeer-3733	250	18	relative	relative	ADJ
ajeer-3733	250	19	to	to	ADP
ajeer-3733	250	20	the	the	DET
ajeer-3733	250	21	steady	steady	ADJ
ajeer-3733	250	22	state	state	NOUN
ajeer-3733	250	23	and	and	CCONJ
ajeer-3733	250	24	creating	create	VERB
ajeer-3733	250	25	a	a	DET
ajeer-3733	250	26	contractionary	contractionary	ADJ
ajeer-3733	250	27	monetary	monetary	ADJ
ajeer-3733	250	28	stance	stance	NOUN
ajeer-3733	250	29	.	.	PUNCT
ajeer-3733	251	1	though	though	SCONJ
ajeer-3733	251	2	the	the	DET
ajeer-3733	251	3	output	output	NOUN
ajeer-3733	251	4	gap	gap	NOUN
ajeer-3733	251	5	closes	close	VERB
ajeer-3733	251	6	in	in	ADP
ajeer-3733	251	7	about	about	ADV
ajeer-3733	251	8	five	five	NUM
ajeer-3733	251	9	years	year	NOUN
ajeer-3733	251	10	,	,	PUNCT
ajeer-3733	251	11	gross	gross	ADJ
ajeer-3733	251	12	debt	debt	NOUN
ajeer-3733	251	13	and	and	CCONJ
ajeer-3733	251	14	inflation	inflation	NOUN
ajeer-3733	251	15	take	take	VERB
ajeer-3733	251	16	10	10	NUM
ajeer-3733	251	17	years	year	NOUN
ajeer-3733	251	18	to	to	PART
ajeer-3733	251	19	return	return	VERB
ajeer-3733	251	20	to	to	ADP
ajeer-3733	251	21	the	the	DET
ajeer-3733	251	22	steady	steady	ADJ
ajeer-3733	251	23	state	state	NOUN
ajeer-3733	251	24	.	.	PUNCT
ajeer-3733	252	1	figure	figure	NOUN
ajeer-3733	252	2	3	3	NUM
ajeer-3733	252	3	.	.	PUNCT
ajeer-3733	252	4	dynamic	dynamic	ADJ
ajeer-3733	252	5	responses	response	NOUN
ajeer-3733	252	6	of	of	ADP
ajeer-3733	252	7	fiscal	fiscal	ADJ
ajeer-3733	252	8	variables	variable	NOUN
ajeer-3733	252	9	,	,	PUNCT
ajeer-3733	252	10	gdp	gdp	NOUN
ajeer-3733	252	11	,	,	PUNCT
ajeer-3733	252	12	real	real	ADJ
ajeer-3733	252	13	exchange	exchange	NOUN
ajeer-3733	252	14	rate	rate	NOUN
ajeer-3733	252	15	,	,	PUNCT
ajeer-3733	252	16	and	and	CCONJ
ajeer-3733	252	17	inflation	inflation	NOUN
ajeer-3733	252	18	to	to	ADP
ajeer-3733	252	19	a	a	DET
ajeer-3733	252	20	surprise	surprise	NOUN
ajeer-3733	252	21	one	one	NUM
ajeer-3733	252	22	-	-	PUNCT
ajeer-3733	252	23	year	year	NOUN
ajeer-3733	252	24	1	1	NUM
ajeer-3733	252	25	percentage	percentage	NOUN
ajeer-3733	252	26	point	point	NOUN
ajeer-3733	252	27	increase	increase	NOUN
ajeer-3733	252	28	in	in	ADP
ajeer-3733	252	29	the	the	DET
ajeer-3733	252	30	output	output	NOUN
ajeer-3733	252	31	gap	gap	NOUN
ajeer-3733	252	32	(	(	PUNCT
ajeer-3733	252	33	shock	shock	NOUN
ajeer-3733	252	34	-	-	PUNCT
ajeer-3733	252	35	minus	minus	NOUN
ajeer-3733	252	36	-	-	PUNCT
ajeer-3733	252	37	control	control	NOUN
ajeer-3733	252	38	responses	response	NOUN
ajeer-3733	252	39	)	)	PUNCT
ajeer-3733	252	40	.	.	PUNCT
ajeer-3733	253	1	notes	note	NOUN
ajeer-3733	253	2	:	:	PUNCT
ajeer-3733	253	3	the	the	DET
ajeer-3733	253	4	figure	figure	NOUN
ajeer-3733	253	5	depicts	depict	VERB
ajeer-3733	253	6	dynamic	dynamic	ADJ
ajeer-3733	253	7	responses	response	NOUN
ajeer-3733	253	8	to	to	ADP
ajeer-3733	253	9	an	an	DET
ajeer-3733	253	10	increase	increase	NOUN
ajeer-3733	253	11	in	in	ADP
ajeer-3733	253	12	the	the	DET
ajeer-3733	253	13	domestic	domestic	ADJ
ajeer-3733	253	14	output	output	NOUN
ajeer-3733	253	15	gap	gap	NOUN
ajeer-3733	253	16	at	at	ADP
ajeer-3733	253	17	t	t	PROPN
ajeer-3733	253	18	=	=	PROPN
ajeer-3733	253	19	1	1	NUM
ajeer-3733	253	20	;	;	PUNCT
ajeer-3733	253	21	the	the	DET
ajeer-3733	253	22	fiscal	fiscal	ADJ
ajeer-3733	253	23	impulse	impulse	NOUN
ajeer-3733	253	24	is	be	AUX
ajeer-3733	253	25	measured	measure	VERB
ajeer-3733	253	26	as	as	ADP
ajeer-3733	253	27	the	the	DET
ajeer-3733	253	28	difference	difference	NOUN
ajeer-3733	253	29	between	between	ADP
ajeer-3733	253	30	the	the	DET
ajeer-3733	253	31	cyclically	cyclically	ADV
ajeer-3733	253	32	-	-	PUNCT
ajeer-3733	253	33	adjusted	adjust	VERB
ajeer-3733	253	34	primary	primary	ADJ
ajeer-3733	253	35	deficit	deficit	NOUN
ajeer-3733	253	36	in	in	ADP
ajeer-3733	253	37	t	t	PROPN
ajeer-3733	253	38	and	and	CCONJ
ajeer-3733	253	39	t-1	t-1	PROPN
ajeer-3733	253	40	;	;	PUNCT
ajeer-3733	253	41	the	the	DET
ajeer-3733	253	42	rer	rer	X
ajeer-3733	253	43	(	(	PUNCT
ajeer-3733	253	44	real	real	ADJ
ajeer-3733	253	45	exchange	exchange	NOUN
ajeer-3733	253	46	rate	rate	NOUN
ajeer-3733	253	47	)	)	PUNCT
ajeer-3733	253	48	gap	gap	NOUN
ajeer-3733	253	49	is	be	AUX
ajeer-3733	253	50	measured	measure	VERB
ajeer-3733	253	51	as	as	ADP
ajeer-3733	253	52	the	the	DET
ajeer-3733	253	53	difference	difference	NOUN
ajeer-3733	253	54	between	between	ADP
ajeer-3733	253	55	the	the	DET
ajeer-3733	253	56	currentperiod	currentperiod	NOUN
ajeer-3733	253	57	value	value	NOUN
ajeer-3733	253	58	of	of	ADP
ajeer-3733	253	59	the	the	DET
ajeer-3733	253	60	real	real	ADJ
ajeer-3733	253	61	exchange	exchange	NOUN
ajeer-3733	253	62	rate	rate	NOUN
ajeer-3733	253	63	and	and	CCONJ
ajeer-3733	253	64	its	its	PRON
ajeer-3733	253	65	equilibrium	equilibrium	NOUN
ajeer-3733	253	66	value	value	NOUN
ajeer-3733	253	67	of	of	ADP
ajeer-3733	253	68	the	the	DET
ajeer-3733	253	69	real	real	ADJ
ajeer-3733	253	70	exchange	exchange	NOUN
ajeer-3733	253	71	rate	rate	NOUN
ajeer-3733	253	72	,	,	PUNCT
ajeer-3733	253	73	and	and	CCONJ
ajeer-3733	253	74	the	the	DET
ajeer-3733	253	75	rir	rir	NOUN
ajeer-3733	253	76	(	(	PUNCT
ajeer-3733	253	77	real	real	ADJ
ajeer-3733	253	78	interest	interest	NOUN
ajeer-3733	253	79	rate	rate	NOUN
ajeer-3733	253	80	)	)	PUNCT
ajeer-3733	253	81	gap	gap	NOUN
ajeer-3733	253	82	is	be	AUX
ajeer-3733	253	83	measured	measure	VERB
ajeer-3733	253	84	as	as	ADP
ajeer-3733	253	85	the	the	DET
ajeer-3733	253	86	difference	difference	NOUN
ajeer-3733	253	87	between	between	ADP
ajeer-3733	253	88	the	the	DET
ajeer-3733	253	89	current	current	ADJ
ajeer-3733	253	90	-	-	PUNCT
ajeer-3733	253	91	period	period	NOUN
ajeer-3733	253	92	value	value	NOUN
ajeer-3733	253	93	of	of	ADP
ajeer-3733	253	94	the	the	DET
ajeer-3733	253	95	real	real	ADJ
ajeer-3733	253	96	interest	interest	NOUN
ajeer-3733	253	97	rate	rate	NOUN
ajeer-3733	253	98	and	and	CCONJ
ajeer-3733	253	99	the	the	DET
ajeer-3733	253	100	rate	rate	NOUN
ajeer-3733	253	101	’s	’s	PART
ajeer-3733	253	102	equilibrium	equilibrium	NOUN
ajeer-3733	253	103	value	value	NOUN
ajeer-3733	253	104	.	.	PUNCT
ajeer-3733	254	1	source	source	NOUN
ajeer-3733	254	2	:	:	PUNCT
ajeer-3733	254	3	camfi	camfi	NOUN
ajeer-3733	254	4	,	,	PUNCT
ajeer-3733	254	5	authors	author	NOUN
ajeer-3733	254	6	’	’	PART
ajeer-3733	254	7	simulations	simulation	NOUN
ajeer-3733	254	8	.	.	PUNCT
ajeer-3733	255	1	figure	figure	VERB
ajeer-3733	255	2	4	4	NUM
ajeer-3733	255	3	.	.	PUNCT
ajeer-3733	255	4	dynamic	dynamic	ADJ
ajeer-3733	255	5	responses	response	NOUN
ajeer-3733	255	6	of	of	ADP
ajeer-3733	255	7	fiscal	fiscal	ADJ
ajeer-3733	255	8	variables	variable	NOUN
ajeer-3733	255	9	,	,	PUNCT
ajeer-3733	255	10	gdp	gdp	NOUN
ajeer-3733	255	11	,	,	PUNCT
ajeer-3733	255	12	real	real	ADJ
ajeer-3733	255	13	exchange	exchange	NOUN
ajeer-3733	255	14	rate	rate	NOUN
ajeer-3733	255	15	,	,	PUNCT
ajeer-3733	255	16	and	and	CCONJ
ajeer-3733	255	17	inflation	inflation	NOUN
ajeer-3733	255	18	to	to	ADP
ajeer-3733	255	19	an	an	DET
ajeer-3733	255	20	unexpected	unexpected	ADJ
ajeer-3733	255	21	1	1	NUM
ajeer-3733	255	22	percentage	percentage	NOUN
ajeer-3733	255	23	point	point	NOUN
ajeer-3733	255	24	rise	rise	NOUN
ajeer-3733	255	25	in	in	ADP
ajeer-3733	255	26	the	the	DET
ajeer-3733	255	27	country	country	NOUN
ajeer-3733	255	28	risk	risk	NOUN
ajeer-3733	255	29	premium	premium	NOUN
ajeer-3733	255	30	for	for	ADP
ajeer-3733	255	31	one	one	NUM
ajeer-3733	255	32	year	year	NOUN
ajeer-3733	255	33	(	(	PUNCT
ajeer-3733	255	34	shock	shock	NOUN
ajeer-3733	255	35	-	-	PUNCT
ajeer-3733	255	36	minus	minus	NOUN
ajeer-3733	255	37	-	-	PUNCT
ajeer-3733	255	38	control	control	NOUN
ajeer-3733	255	39	responses	response	NOUN
ajeer-3733	255	40	)	)	PUNCT
ajeer-3733	255	41	.	.	PUNCT
ajeer-3733	256	1	notes	note	NOUN
ajeer-3733	256	2	:	:	PUNCT
ajeer-3733	256	3	the	the	DET
ajeer-3733	256	4	figure	figure	NOUN
ajeer-3733	256	5	depicts	depict	VERB
ajeer-3733	256	6	dynamic	dynamic	ADJ
ajeer-3733	256	7	responses	response	NOUN
ajeer-3733	256	8	to	to	ADP
ajeer-3733	256	9	an	an	DET
ajeer-3733	256	10	increase	increase	NOUN
ajeer-3733	256	11	in	in	ADP
ajeer-3733	256	12	the	the	DET
ajeer-3733	256	13	primary	primary	ADJ
ajeer-3733	256	14	deficit	deficit	NOUN
ajeer-3733	256	15	at	at	ADP
ajeer-3733	256	16	t	t	PROPN
ajeer-3733	256	17	=	=	PROPN
ajeer-3733	256	18	1	1	NUM
ajeer-3733	256	19	;	;	PUNCT
ajeer-3733	256	20	the	the	DET
ajeer-3733	256	21	fiscal	fiscal	ADJ
ajeer-3733	256	22	impulse	impulse	NOUN
ajeer-3733	256	23	is	be	AUX
ajeer-3733	256	24	measured	measure	VERB
ajeer-3733	256	25	as	as	ADP
ajeer-3733	256	26	the	the	DET
ajeer-3733	256	27	difference	difference	NOUN
ajeer-3733	256	28	between	between	ADP
ajeer-3733	256	29	the	the	DET
ajeer-3733	256	30	cyclically	cyclically	ADV
ajeer-3733	256	31	-	-	PUNCT
ajeer-3733	256	32	adjusted	adjust	VERB
ajeer-3733	256	33	primary	primary	ADJ
ajeer-3733	256	34	deficit	deficit	NOUN
ajeer-3733	256	35	in	in	ADP
ajeer-3733	256	36	t	t	PROPN
ajeer-3733	256	37	and	and	CCONJ
ajeer-3733	256	38	t-1	t-1	PROPN
ajeer-3733	256	39	;	;	PUNCT
ajeer-3733	256	40	the	the	DET
ajeer-3733	256	41	rer	rer	X
ajeer-3733	256	42	(	(	PUNCT
ajeer-3733	256	43	real	real	ADJ
ajeer-3733	256	44	exchange	exchange	NOUN
ajeer-3733	256	45	rate	rate	NOUN
ajeer-3733	256	46	)	)	PUNCT
ajeer-3733	256	47	gap	gap	NOUN
ajeer-3733	256	48	is	be	AUX
ajeer-3733	256	49	measured	measure	VERB
ajeer-3733	256	50	as	as	ADP
ajeer-3733	256	51	the	the	DET
ajeer-3733	256	52	difference	difference	NOUN
ajeer-3733	256	53	between	between	ADP
ajeer-3733	256	54	the	the	DET
ajeer-3733	256	55	current	current	ADJ
ajeer-3733	256	56	-	-	PUNCT
ajeer-3733	256	57	period	period	NOUN
ajeer-3733	256	58	value	value	NOUN
ajeer-3733	256	59	of	of	ADP
ajeer-3733	256	60	the	the	DET
ajeer-3733	256	61	real	real	ADJ
ajeer-3733	256	62	exchange	exchange	NOUN
ajeer-3733	256	63	rate	rate	NOUN
ajeer-3733	256	64	and	and	CCONJ
ajeer-3733	256	65	its	its	PRON
ajeer-3733	256	66	equilibrium	equilibrium	NOUN
ajeer-3733	256	67	value	value	NOUN
ajeer-3733	256	68	,	,	PUNCT
ajeer-3733	256	69	and	and	CCONJ
ajeer-3733	256	70	the	the	DET
ajeer-3733	256	71	rir	rir	NOUN
ajeer-3733	256	72	(	(	PUNCT
ajeer-3733	256	73	real	real	ADJ
ajeer-3733	256	74	interest	interest	NOUN
ajeer-3733	256	75	rate	rate	NOUN
ajeer-3733	256	76	)	)	PUNCT
ajeer-3733	256	77	gap	gap	NOUN
ajeer-3733	256	78	is	be	AUX
ajeer-3733	256	79	measured	measure	VERB
ajeer-3733	256	80	as	as	ADP
ajeer-3733	256	81	the	the	DET
ajeer-3733	256	82	difference	difference	NOUN
ajeer-3733	256	83	between	between	ADP
ajeer-3733	256	84	the	the	DET
ajeer-3733	256	85	current	current	ADJ
ajeer-3733	256	86	-	-	PUNCT
ajeer-3733	256	87	period	period	NOUN
ajeer-3733	256	88	value	value	NOUN
ajeer-3733	256	89	of	of	ADP
ajeer-3733	256	90	the	the	DET
ajeer-3733	256	91	real	real	ADJ
ajeer-3733	256	92	interest	interest	NOUN
ajeer-3733	256	93	rate	rate	NOUN
ajeer-3733	256	94	and	and	CCONJ
ajeer-3733	256	95	the	the	DET
ajeer-3733	256	96	rate	rate	NOUN
ajeer-3733	256	97	’s	’s	PART
ajeer-3733	256	98	equilibrium	equilibrium	NOUN
ajeer-3733	256	99	value	value	NOUN
ajeer-3733	256	100	.	.	PUNCT
ajeer-3733	257	1	source	source	NOUN
ajeer-3733	257	2	:	:	PUNCT
ajeer-3733	257	3	camfi	camfi	NOUN
ajeer-3733	257	4	,	,	PUNCT
ajeer-3733	257	5	authors	author	NOUN
ajeer-3733	257	6	’	’	PART
ajeer-3733	257	7	simulations	simulation	NOUN
ajeer-3733	257	8	.	.	PUNCT
ajeer-3733	258	1	3.1.2	3.1.2	X
ajeer-3733	258	2	.	.	PUNCT
ajeer-3733	258	3	risk	risk	NOUN
ajeer-3733	258	4	premium	premium	NOUN
ajeer-3733	258	5	figure	figure	NOUN
ajeer-3733	258	6	4	4	NUM
ajeer-3733	258	7	illustrates	illustrate	VERB
ajeer-3733	258	8	the	the	DET
ajeer-3733	258	9	implications	implication	NOUN
ajeer-3733	258	10	of	of	ADP
ajeer-3733	258	11	a	a	DET
ajeer-3733	258	12	short	short	ADV
ajeer-3733	258	13	-	-	PUNCT
ajeer-3733	258	14	lived	live	VERB
ajeer-3733	258	15	monetary	monetary	ADJ
ajeer-3733	258	16	tightening	tightening	NOUN
ajeer-3733	258	17	abroad	abroad	ADV
ajeer-3733	258	18	or	or	CCONJ
ajeer-3733	258	19	a	a	DET
ajeer-3733	258	20	negative	negative	ADJ
ajeer-3733	258	21	domestic	domestic	ADJ
ajeer-3733	258	22	confidence	confidence	NOUN
ajeer-3733	258	23	shock	shock	NOUN
ajeer-3733	258	24	.	.	PUNCT
ajeer-3733	259	1	the	the	DET
ajeer-3733	259	2	real	real	ADJ
ajeer-3733	259	3	domestic	domestic	ADJ
ajeer-3733	259	4	private	private	ADJ
ajeer-3733	259	5	-	-	PUNCT
ajeer-3733	259	6	sector	sector	NOUN
ajeer-3733	259	7	interest	interest	NOUN
ajeer-3733	259	8	rate	rate	NOUN
ajeer-3733	259	9	,	,	PUNCT
ajeer-3733	259	10	𝑟𝑡	𝑟𝑡	NOUN
ajeer-3733	259	11	,	,	PUNCT
ajeer-3733	259	12	accommodates	accommodate	VERB
ajeer-3733	259	13	the	the	DET
ajeer-3733	259	14	interest	interest	NOUN
ajeer-3733	259	15	rate	rate	NOUN
ajeer-3733	259	16	increase	increase	NOUN
ajeer-3733	259	17	from	from	ADP
ajeer-3733	259	18	13	13	NUM
ajeer-3733	259	19	positive	positive	ADJ
ajeer-3733	259	20	long	long	ADV
ajeer-3733	259	21	-	-	PUNCT
ajeer-3733	259	22	run	run	VERB
ajeer-3733	259	23	fiscal	fiscal	ADJ
ajeer-3733	259	24	multipliers	multiplier	NOUN
ajeer-3733	259	25	can	can	AUX
ajeer-3733	259	26	happen	happen	VERB
ajeer-3733	259	27	:	:	PUNCT
ajeer-3733	259	28	a	a	DET
ajeer-3733	259	29	country	country	NOUN
ajeer-3733	259	30	may	may	AUX
ajeer-3733	259	31	invest	invest	VERB
ajeer-3733	259	32	loan	loan	NOUN
ajeer-3733	259	33	proceeds	proceed	NOUN
ajeer-3733	259	34	into	into	ADP
ajeer-3733	259	35	physical	physical	ADJ
ajeer-3733	259	36	or	or	CCONJ
ajeer-3733	259	37	human	human	ADJ
ajeer-3733	259	38	capital	capital	NOUN
ajeer-3733	259	39	that	that	PRON
ajeer-3733	259	40	would	would	AUX
ajeer-3733	259	41	yield	yield	VERB
ajeer-3733	259	42	positive	positive	ADJ
ajeer-3733	259	43	returns	return	NOUN
ajeer-3733	259	44	long	long	ADV
ajeer-3733	259	45	after	after	ADP
ajeer-3733	259	46	the	the	DET
ajeer-3733	259	47	initial	initial	ADJ
ajeer-3733	259	48	deficit	deficit	NOUN
ajeer-3733	259	49	-	-	PUNCT
ajeer-3733	259	50	financed	finance	VERB
ajeer-3733	259	51	public	public	ADJ
ajeer-3733	259	52	spending	spending	NOUN
ajeer-3733	259	53	or	or	CCONJ
ajeer-3733	259	54	tax	tax	NOUN
ajeer-3733	259	55	cut	cut	NOUN
ajeer-3733	259	56	.	.	PUNCT
ajeer-3733	260	1	asian	asian	ADJ
ajeer-3733	260	2	journal	journal	PROPN
ajeer-3733	260	3	of	of	ADP
ajeer-3733	260	4	economics	economic	NOUN
ajeer-3733	260	5	and	and	CCONJ
ajeer-3733	260	6	empirical	empirical	ADJ
ajeer-3733	260	7	research	research	NOUN
ajeer-3733	260	8	,	,	PUNCT
ajeer-3733	260	9	2022	2022	NUM
ajeer-3733	260	10	,	,	PUNCT
ajeer-3733	260	11	9(1	9(1	NUM
ajeer-3733	260	12	):	):	PUNCT
ajeer-3733	260	13	21	21	NUM
ajeer-3733	260	14	-	-	SYM
ajeer-3733	260	15	37	37	NUM
ajeer-3733	260	16	29	29	NUM
ajeer-3733	260	17	©	©	PROPN
ajeer-3733	260	18	2022	2022	NUM
ajeer-3733	260	19	by	by	ADP
ajeer-3733	260	20	the	the	DET
ajeer-3733	260	21	authors	author	NOUN
ajeer-3733	260	22	;	;	PUNCT
ajeer-3733	260	23	licensee	licensee	PROPN
ajeer-3733	260	24	asian	asian	ADJ
ajeer-3733	260	25	online	online	PROPN
ajeer-3733	260	26	journal	journal	PROPN
ajeer-3733	260	27	publishing	publishing	NOUN
ajeer-3733	260	28	group	group	NOUN
ajeer-3733	260	29	abroad	abroad	ADV
ajeer-3733	260	30	,	,	PUNCT
ajeer-3733	260	31	tightening	tighten	VERB
ajeer-3733	260	32	the	the	DET
ajeer-3733	260	33	monetary	monetary	ADJ
ajeer-3733	260	34	stance	stance	NOUN
ajeer-3733	260	35	.	.	PUNCT
ajeer-3733	261	1	the	the	DET
ajeer-3733	261	2	adverse	adverse	ADJ
ajeer-3733	261	3	output	output	NOUN
ajeer-3733	261	4	impact	impact	NOUN
ajeer-3733	261	5	is	be	AUX
ajeer-3733	261	6	relatively	relatively	ADV
ajeer-3733	261	7	small	small	ADJ
ajeer-3733	261	8	compared	compare	VERB
ajeer-3733	261	9	to	to	ADP
ajeer-3733	261	10	the	the	DET
ajeer-3733	261	11	increase	increase	NOUN
ajeer-3733	261	12	in	in	ADP
ajeer-3733	261	13	the	the	DET
ajeer-3733	261	14	debt	debt	NOUN
ajeer-3733	261	15	-	-	PUNCT
ajeer-3733	261	16	to	to	ADP
ajeer-3733	261	17	-	-	PUNCT
ajeer-3733	261	18	gdp	gdp	NOUN
ajeer-3733	261	19	ratio	ratio	NOUN
ajeer-3733	261	20	,	,	PUNCT
ajeer-3733	261	21	so	so	CCONJ
ajeer-3733	261	22	the	the	DET
ajeer-3733	261	23	fiscal	fiscal	ADJ
ajeer-3733	261	24	authority	authority	NOUN
ajeer-3733	261	25	tightens	tighten	VERB
ajeer-3733	261	26	its	its	PRON
ajeer-3733	261	27	stance	stance	NOUN
ajeer-3733	261	28	,	,	PUNCT
ajeer-3733	261	29	bringing	bring	VERB
ajeer-3733	261	30	the	the	DET
ajeer-3733	261	31	debt	debt	NOUN
ajeer-3733	261	32	level	level	NOUN
ajeer-3733	261	33	back	back	ADV
ajeer-3733	261	34	to	to	ADP
ajeer-3733	261	35	the	the	DET
ajeer-3733	261	36	steady	steady	ADJ
ajeer-3733	261	37	state	state	NOUN
ajeer-3733	261	38	.	.	PUNCT
ajeer-3733	262	1	(	(	PUNCT
ajeer-3733	262	2	recall	recall	VERB
ajeer-3733	262	3	that	that	SCONJ
ajeer-3733	262	4	the	the	DET
ajeer-3733	262	5	concessional	concessional	ADJ
ajeer-3733	262	6	rate	rate	NOUN
ajeer-3733	262	7	applied	apply	VERB
ajeer-3733	262	8	to	to	ADP
ajeer-3733	262	9	public	public	ADJ
ajeer-3733	262	10	debt	debt	NOUN
ajeer-3733	262	11	is	be	AUX
ajeer-3733	262	12	not	not	PART
ajeer-3733	262	13	affected	affect	VERB
ajeer-3733	262	14	by	by	ADP
ajeer-3733	262	15	the	the	DET
ajeer-3733	262	16	risk	risk	NOUN
ajeer-3733	262	17	premium	premium	NOUN
ajeer-3733	262	18	moves	move	NOUN
ajeer-3733	262	19	.	.	PUNCT
ajeer-3733	262	20	)	)	PUNCT
ajeer-3733	263	1	it	it	PRON
ajeer-3733	263	2	is	be	AUX
ajeer-3733	263	3	worth	worth	ADJ
ajeer-3733	263	4	noting	note	VERB
ajeer-3733	263	5	that	that	SCONJ
ajeer-3733	263	6	the	the	DET
ajeer-3733	263	7	return	return	NOUN
ajeer-3733	263	8	to	to	ADP
ajeer-3733	263	9	the	the	DET
ajeer-3733	263	10	steady	steady	ADJ
ajeer-3733	263	11	state	state	NOUN
ajeer-3733	263	12	takes	take	VERB
ajeer-3733	263	13	more	more	ADJ
ajeer-3733	263	14	than	than	ADP
ajeer-3733	263	15	10	10	NUM
ajeer-3733	263	16	years	year	NOUN
ajeer-3733	263	17	,	,	PUNCT
ajeer-3733	263	18	even	even	ADV
ajeer-3733	263	19	though	though	SCONJ
ajeer-3733	263	20	the	the	DET
ajeer-3733	263	21	initial	initial	ADJ
ajeer-3733	263	22	risk	risk	NOUN
ajeer-3733	263	23	-	-	PUNCT
ajeer-3733	263	24	premium	premium	NOUN
ajeer-3733	263	25	shock	shock	NOUN
ajeer-3733	263	26	was	be	AUX
ajeer-3733	263	27	for	for	ADP
ajeer-3733	263	28	one	one	NUM
ajeer-3733	263	29	year	year	NOUN
ajeer-3733	263	30	only	only	ADV
ajeer-3733	263	31	.	.	PUNCT
ajeer-3733	264	1	3.1.3	3.1.3	X
ajeer-3733	264	2	.	.	PUNCT
ajeer-3733	264	3	fiscal	fiscal	ADJ
ajeer-3733	264	4	multiplier	multipli	ADJ
ajeer-3733	264	5	figure	figure	NOUN
ajeer-3733	264	6	5	5	NUM
ajeer-3733	264	7	compares	compare	VERB
ajeer-3733	264	8	the	the	DET
ajeer-3733	264	9	implications	implication	NOUN
ajeer-3733	264	10	of	of	ADP
ajeer-3733	264	11	a	a	DET
ajeer-3733	264	12	one	one	NUM
ajeer-3733	264	13	-	-	PUNCT
ajeer-3733	264	14	period	period	NOUN
ajeer-3733	264	15	fiscal	fiscal	ADJ
ajeer-3733	264	16	expansion	expansion	NOUN
ajeer-3733	264	17	—	—	PUNCT
ajeer-3733	264	18	a	a	DET
ajeer-3733	264	19	widening	widening	NOUN
ajeer-3733	264	20	of	of	ADP
ajeer-3733	264	21	the	the	DET
ajeer-3733	264	22	primary	primary	ADJ
ajeer-3733	264	23	deficit	deficit	NOUN
ajeer-3733	264	24	by	by	ADP
ajeer-3733	264	25	1	1	NUM
ajeer-3733	264	26	percent	percent	NOUN
ajeer-3733	264	27	of	of	ADP
ajeer-3733	264	28	gdp	gdp	NOUN
ajeer-3733	264	29	—	—	PUNCT
ajeer-3733	264	30	in	in	ADP
ajeer-3733	264	31	two	two	NUM
ajeer-3733	264	32	hypothetical	hypothetical	ADJ
ajeer-3733	264	33	scenarios	scenario	NOUN
ajeer-3733	264	34	:	:	PUNCT
ajeer-3733	264	35	(	(	PUNCT
ajeer-3733	264	36	1	1	X
ajeer-3733	264	37	)	)	PUNCT
ajeer-3733	264	38	a	a	DET
ajeer-3733	264	39	temporary	temporary	ADJ
ajeer-3733	264	40	fiscal	fiscal	ADJ
ajeer-3733	264	41	expansion	expansion	NOUN
ajeer-3733	264	42	implies	imply	VERB
ajeer-3733	264	43	that	that	SCONJ
ajeer-3733	264	44	the	the	DET
ajeer-3733	264	45	fiscal	fiscal	ADJ
ajeer-3733	264	46	authority	authority	NOUN
ajeer-3733	264	47	will	will	AUX
ajeer-3733	264	48	bring	bring	VERB
ajeer-3733	264	49	now	now	ADV
ajeer-3733	264	50	-	-	PUNCT
ajeer-3733	264	51	higher	high	ADJ
ajeer-3733	264	52	gross	gross	ADJ
ajeer-3733	264	53	debt	debt	NOUN
ajeer-3733	264	54	back	back	ADV
ajeer-3733	264	55	to	to	ADP
ajeer-3733	264	56	its	its	PRON
ajeer-3733	264	57	target	target	NOUN
ajeer-3733	264	58	level	level	NOUN
ajeer-3733	264	59	,	,	PUNCT
ajeer-3733	264	60	and	and	CCONJ
ajeer-3733	264	61	in	in	ADP
ajeer-3733	264	62	doing	do	VERB
ajeer-3733	264	63	so	so	ADV
ajeer-3733	264	64	it	it	PRON
ajeer-3733	264	65	will	will	AUX
ajeer-3733	264	66	be	be	AUX
ajeer-3733	264	67	guided	guide	VERB
ajeer-3733	264	68	by	by	ADP
ajeer-3733	264	69	the	the	DET
ajeer-3733	264	70	fiscal	fiscal	ADJ
ajeer-3733	264	71	policy	policy	NOUN
ajeer-3733	264	72	reaction	reaction	NOUN
ajeer-3733	264	73	function	function	NOUN
ajeer-3733	264	74	.	.	PUNCT
ajeer-3733	265	1	(	(	PUNCT
ajeer-3733	265	2	2	2	X
ajeer-3733	265	3	)	)	PUNCT
ajeer-3733	265	4	a	a	DET
ajeer-3733	265	5	permanent	permanent	ADJ
ajeer-3733	265	6	fiscal	fiscal	ADJ
ajeer-3733	265	7	expansion	expansion	NOUN
ajeer-3733	265	8	implies	imply	VERB
ajeer-3733	265	9	that	that	SCONJ
ajeer-3733	265	10	the	the	DET
ajeer-3733	265	11	fiscal	fiscal	ADJ
ajeer-3733	265	12	authority	authority	NOUN
ajeer-3733	265	13	will	will	AUX
ajeer-3733	265	14	permanently	permanently	ADV
ajeer-3733	265	15	revise	revise	VERB
ajeer-3733	265	16	the	the	DET
ajeer-3733	265	17	debt	debt	NOUN
ajeer-3733	265	18	-	-	PUNCT
ajeer-3733	265	19	to	to	ADP
ajeer-3733	265	20	-	-	PUNCT
ajeer-3733	265	21	gdp	gdp	NOUN
ajeer-3733	265	22	target	target	NOUN
ajeer-3733	265	23	for	for	ADP
ajeer-3733	265	24	the	the	DET
ajeer-3733	265	25	stimulus	stimulus	NOUN
ajeer-3733	265	26	upward	upward	ADV
ajeer-3733	265	27	by	by	ADP
ajeer-3733	265	28	1	1	NUM
ajeer-3733	265	29	percentage	percentage	NOUN
ajeer-3733	265	30	point	point	NOUN
ajeer-3733	265	31	.	.	PUNCT
ajeer-3733	266	1	although	although	SCONJ
ajeer-3733	266	2	the	the	DET
ajeer-3733	266	3	impact	impact	NOUN
ajeer-3733	266	4	multiplier	multiplier	ADV
ajeer-3733	266	5	is	be	AUX
ajeer-3733	266	6	similar	similar	ADJ
ajeer-3733	266	7	in	in	ADP
ajeer-3733	266	8	both	both	DET
ajeer-3733	266	9	scenarios	scenario	NOUN
ajeer-3733	266	10	,	,	PUNCT
ajeer-3733	266	11	whether	whether	SCONJ
ajeer-3733	266	12	the	the	DET
ajeer-3733	266	13	expansion	expansion	NOUN
ajeer-3733	266	14	is	be	AUX
ajeer-3733	266	15	temporary	temporary	ADJ
ajeer-3733	266	16	or	or	CCONJ
ajeer-3733	266	17	permanent	permanent	ADJ
ajeer-3733	266	18	has	have	VERB
ajeer-3733	266	19	a	a	DET
ajeer-3733	266	20	profound	profound	ADJ
ajeer-3733	266	21	impact	impact	NOUN
ajeer-3733	266	22	on	on	ADP
ajeer-3733	266	23	the	the	DET
ajeer-3733	266	24	long	long	ADV
ajeer-3733	266	25	-	-	PUNCT
ajeer-3733	266	26	run	run	NOUN
ajeer-3733	266	27	multiplier	multiplier	ADV
ajeer-3733	266	28	;	;	PUNCT
ajeer-3733	266	29	while	while	SCONJ
ajeer-3733	266	30	the	the	DET
ajeer-3733	266	31	longrun	longrun	NOUN
ajeer-3733	266	32	multiplier	multiplier	ADV
ajeer-3733	266	33	is	be	AUX
ajeer-3733	266	34	zero	zero	NUM
ajeer-3733	266	35	for	for	ADP
ajeer-3733	266	36	the	the	DET
ajeer-3733	266	37	permanent	permanent	ADJ
ajeer-3733	266	38	stimulus	stimulus	NOUN
ajeer-3733	266	39	,	,	PUNCT
ajeer-3733	266	40	it	it	PRON
ajeer-3733	266	41	is	be	AUX
ajeer-3733	266	42	negative	negative	ADJ
ajeer-3733	266	43	for	for	ADP
ajeer-3733	266	44	the	the	DET
ajeer-3733	266	45	temporary	temporary	ADJ
ajeer-3733	266	46	stimulus	stimulus	NOUN
ajeer-3733	266	47	.	.	PUNCT
ajeer-3733	267	1	with	with	ADP
ajeer-3733	267	2	a	a	DET
ajeer-3733	267	3	temporary	temporary	ADJ
ajeer-3733	267	4	stimulus	stimulus	NOUN
ajeer-3733	267	5	,	,	PUNCT
ajeer-3733	267	6	the	the	DET
ajeer-3733	267	7	fiscal	fiscal	ADJ
ajeer-3733	267	8	authority	authority	NOUN
ajeer-3733	267	9	needs	need	VERB
ajeer-3733	267	10	a	a	DET
ajeer-3733	267	11	longer	long	ADJ
ajeer-3733	267	12	series	series	NOUN
ajeer-3733	267	13	of	of	ADP
ajeer-3733	267	14	primary	primary	ADJ
ajeer-3733	267	15	surpluses	surplus	NOUN
ajeer-3733	267	16	to	to	PART
ajeer-3733	267	17	bring	bring	VERB
ajeer-3733	267	18	debt	debt	NOUN
ajeer-3733	267	19	back	back	ADV
ajeer-3733	267	20	to	to	ADP
ajeer-3733	267	21	its	its	PRON
ajeer-3733	267	22	target	target	NOUN
ajeer-3733	267	23	,	,	PUNCT
ajeer-3733	267	24	thus	thus	ADV
ajeer-3733	267	25	withholding	withhold	VERB
ajeer-3733	267	26	aggregate	aggregate	ADJ
ajeer-3733	267	27	demand	demand	NOUN
ajeer-3733	267	28	for	for	ADP
ajeer-3733	267	29	longer	long	ADJ
ajeer-3733	267	30	.	.	PUNCT
ajeer-3733	268	1	figure	figure	VERB
ajeer-3733	268	2	5	5	NUM
ajeer-3733	268	3	.	.	PUNCT
ajeer-3733	268	4	dynamic	dynamic	ADJ
ajeer-3733	268	5	responses	response	NOUN
ajeer-3733	268	6	of	of	ADP
ajeer-3733	268	7	fiscal	fiscal	ADJ
ajeer-3733	268	8	variables	variable	NOUN
ajeer-3733	268	9	,	,	PUNCT
ajeer-3733	268	10	gdp	gdp	NOUN
ajeer-3733	268	11	,	,	PUNCT
ajeer-3733	268	12	real	real	ADJ
ajeer-3733	268	13	exchange	exchange	NOUN
ajeer-3733	268	14	rate	rate	NOUN
ajeer-3733	268	15	,	,	PUNCT
ajeer-3733	268	16	and	and	CCONJ
ajeer-3733	268	17	inflation	inflation	NOUN
ajeer-3733	268	18	to	to	ADP
ajeer-3733	268	19	an	an	DET
ajeer-3733	268	20	unexpected	unexpected	ADJ
ajeer-3733	268	21	temporary	temporary	ADJ
ajeer-3733	268	22	1	1	NUM
ajeer-3733	268	23	percentage	percentage	NOUN
ajeer-3733	268	24	point	point	NOUN
ajeer-3733	268	25	one	one	NUM
ajeer-3733	268	26	-	-	PUNCT
ajeer-3733	268	27	year	year	NOUN
ajeer-3733	268	28	stimulus	stimulus	NOUN
ajeer-3733	268	29	and	and	CCONJ
ajeer-3733	268	30	an	an	DET
ajeer-3733	268	31	unexpected	unexpected	ADJ
ajeer-3733	268	32	one	one	NUM
ajeer-3733	268	33	-	-	PUNCT
ajeer-3733	268	34	year	year	NOUN
ajeer-3733	268	35	permanent	permanent	ADJ
ajeer-3733	268	36	fiscal	fiscal	ADJ
ajeer-3733	268	37	stimulus	stimulus	NOUN
ajeer-3733	268	38	(	(	PUNCT
ajeer-3733	268	39	shock	shock	NOUN
ajeer-3733	268	40	-	-	PUNCT
ajeer-3733	268	41	minus	minus	NOUN
ajeer-3733	268	42	-	-	PUNCT
ajeer-3733	268	43	control	control	NOUN
ajeer-3733	268	44	responses	response	NOUN
ajeer-3733	268	45	)	)	PUNCT
ajeer-3733	268	46	.	.	PUNCT
ajeer-3733	269	1	notes	note	NOUN
ajeer-3733	269	2	:	:	PUNCT
ajeer-3733	269	3	the	the	DET
ajeer-3733	269	4	figure	figure	NOUN
ajeer-3733	269	5	depicts	depict	VERB
ajeer-3733	269	6	dynamic	dynamic	ADJ
ajeer-3733	269	7	responses	response	NOUN
ajeer-3733	269	8	to	to	ADP
ajeer-3733	269	9	an	an	DET
ajeer-3733	269	10	increase	increase	NOUN
ajeer-3733	269	11	in	in	ADP
ajeer-3733	269	12	the	the	DET
ajeer-3733	269	13	primary	primary	ADJ
ajeer-3733	269	14	deficit	deficit	NOUN
ajeer-3733	269	15	at	at	ADP
ajeer-3733	269	16	t	t	PROPN
ajeer-3733	269	17	=	=	PROPN
ajeer-3733	269	18	1	1	NUM
ajeer-3733	269	19	;	;	PUNCT
ajeer-3733	269	20	the	the	DET
ajeer-3733	269	21	fiscal	fiscal	ADJ
ajeer-3733	269	22	impulse	impulse	NOUN
ajeer-3733	269	23	is	be	AUX
ajeer-3733	269	24	measured	measure	VERB
ajeer-3733	269	25	as	as	ADP
ajeer-3733	269	26	the	the	DET
ajeer-3733	269	27	difference	difference	NOUN
ajeer-3733	269	28	between	between	ADP
ajeer-3733	269	29	the	the	DET
ajeer-3733	269	30	cyclically	cyclically	ADV
ajeer-3733	269	31	-	-	PUNCT
ajeer-3733	269	32	adjusted	adjust	VERB
ajeer-3733	269	33	primary	primary	ADJ
ajeer-3733	269	34	deficit	deficit	NOUN
ajeer-3733	269	35	in	in	ADP
ajeer-3733	269	36	t	t	PROPN
ajeer-3733	269	37	and	and	CCONJ
ajeer-3733	269	38	t-1	t-1	PROPN
ajeer-3733	269	39	;	;	PUNCT
ajeer-3733	269	40	the	the	DET
ajeer-3733	269	41	rer	rer	X
ajeer-3733	269	42	(	(	PUNCT
ajeer-3733	269	43	real	real	ADJ
ajeer-3733	269	44	exchange	exchange	NOUN
ajeer-3733	269	45	rate	rate	NOUN
ajeer-3733	269	46	)	)	PUNCT
ajeer-3733	269	47	gap	gap	NOUN
ajeer-3733	269	48	is	be	AUX
ajeer-3733	269	49	measured	measure	VERB
ajeer-3733	269	50	as	as	ADP
ajeer-3733	269	51	the	the	DET
ajeer-3733	269	52	difference	difference	NOUN
ajeer-3733	269	53	between	between	ADP
ajeer-3733	269	54	the	the	DET
ajeer-3733	269	55	current	current	ADJ
ajeer-3733	269	56	-	-	PUNCT
ajeer-3733	269	57	period	period	NOUN
ajeer-3733	269	58	value	value	NOUN
ajeer-3733	269	59	of	of	ADP
ajeer-3733	269	60	the	the	DET
ajeer-3733	269	61	real	real	ADJ
ajeer-3733	269	62	exchange	exchange	NOUN
ajeer-3733	269	63	rate	rate	NOUN
ajeer-3733	269	64	and	and	CCONJ
ajeer-3733	269	65	its	its	PRON
ajeer-3733	269	66	equilibrium	equilibrium	NOUN
ajeer-3733	269	67	value	value	NOUN
ajeer-3733	269	68	,	,	PUNCT
ajeer-3733	269	69	and	and	CCONJ
ajeer-3733	269	70	the	the	DET
ajeer-3733	269	71	rir	rir	NOUN
ajeer-3733	269	72	(	(	PUNCT
ajeer-3733	269	73	real	real	ADJ
ajeer-3733	269	74	interest	interest	NOUN
ajeer-3733	269	75	rate	rate	NOUN
ajeer-3733	269	76	)	)	PUNCT
ajeer-3733	269	77	gap	gap	NOUN
ajeer-3733	269	78	is	be	AUX
ajeer-3733	269	79	measured	measure	VERB
ajeer-3733	269	80	as	as	ADP
ajeer-3733	269	81	the	the	DET
ajeer-3733	269	82	difference	difference	NOUN
ajeer-3733	269	83	between	between	ADP
ajeer-3733	269	84	the	the	DET
ajeer-3733	269	85	current	current	ADJ
ajeer-3733	269	86	-	-	PUNCT
ajeer-3733	269	87	period	period	NOUN
ajeer-3733	269	88	value	value	NOUN
ajeer-3733	269	89	of	of	ADP
ajeer-3733	269	90	the	the	DET
ajeer-3733	269	91	real	real	ADJ
ajeer-3733	269	92	interest	interest	NOUN
ajeer-3733	269	93	rate	rate	NOUN
ajeer-3733	269	94	and	and	CCONJ
ajeer-3733	269	95	the	the	DET
ajeer-3733	269	96	rate	rate	NOUN
ajeer-3733	269	97	’s	’s	PART
ajeer-3733	269	98	equilibrium	equilibrium	NOUN
ajeer-3733	269	99	value	value	NOUN
ajeer-3733	269	100	.	.	PUNCT
ajeer-3733	270	1	source	source	NOUN
ajeer-3733	270	2	:	:	PUNCT
ajeer-3733	270	3	camfi	camfi	NOUN
ajeer-3733	270	4	,	,	PUNCT
ajeer-3733	270	5	authors	author	NOUN
ajeer-3733	270	6	’	’	PART
ajeer-3733	270	7	simulations	simulation	NOUN
ajeer-3733	270	8	.	.	PUNCT
ajeer-3733	271	1	3.2	3.2	NUM
ajeer-3733	271	2	.	.	PUNCT
ajeer-3733	272	1	multivariate	multivariate	NOUN
ajeer-3733	272	2	filter	filter	NOUN
ajeer-3733	272	3	results	result	NOUN
ajeer-3733	272	4	we	we	PRON
ajeer-3733	272	5	believe	believe	VERB
ajeer-3733	272	6	that	that	SCONJ
ajeer-3733	272	7	our	our	PRON
ajeer-3733	272	8	multivariate	multivariate	NOUN
ajeer-3733	272	9	-	-	PUNCT
ajeer-3733	272	10	filter	filter	NOUN
ajeer-3733	272	11	estimates	estimate	NOUN
ajeer-3733	272	12	for	for	ADP
ajeer-3733	272	13	aggregate	aggregate	ADJ
ajeer-3733	272	14	demand	demand	NOUN
ajeer-3733	272	15	,	,	PUNCT
ajeer-3733	272	16	aggregate	aggregate	ADJ
ajeer-3733	272	17	supply	supply	NOUN
ajeer-3733	272	18	,	,	PUNCT
ajeer-3733	272	19	and	and	CCONJ
ajeer-3733	272	20	fiscal	fiscal	ADJ
ajeer-3733	272	21	variables	variable	NOUN
ajeer-3733	272	22	are	be	AUX
ajeer-3733	272	23	well	well	ADV
ajeer-3733	272	24	-	-	PUNCT
ajeer-3733	272	25	aligned	align	VERB
ajeer-3733	272	26	with	with	ADP
ajeer-3733	272	27	the	the	DET
ajeer-3733	272	28	typical	typical	ADJ
ajeer-3733	272	29	narrative	narrative	NOUN
ajeer-3733	272	30	.	.	PUNCT
ajeer-3733	273	1	we	we	PRON
ajeer-3733	273	2	employ	employ	VERB
ajeer-3733	273	3	the	the	DET
ajeer-3733	273	4	model	model	NOUN
ajeer-3733	273	5	to	to	PART
ajeer-3733	273	6	estimate	estimate	VERB
ajeer-3733	273	7	unobserved	unobserved	ADJ
ajeer-3733	273	8	economic	economic	ADJ
ajeer-3733	273	9	variables	variable	NOUN
ajeer-3733	273	10	,	,	PUNCT
ajeer-3733	273	11	the	the	DET
ajeer-3733	273	12	information	information	NOUN
ajeer-3733	273	13	in	in	ADP
ajeer-3733	273	14	the	the	DET
ajeer-3733	273	15	observed	observed	ADJ
ajeer-3733	273	16	variables	variable	NOUN
ajeer-3733	273	17	,	,	PUNCT
ajeer-3733	273	18	and	and	CCONJ
ajeer-3733	273	19	the	the	DET
ajeer-3733	273	20	multivariate	multivariate	NOUN
ajeer-3733	273	21	(	(	PUNCT
ajeer-3733	273	22	kalman	kalman	NOUN
ajeer-3733	273	23	)	)	PUNCT
ajeer-3733	273	24	filter	filter	NOUN
ajeer-3733	273	25	.	.	PUNCT
ajeer-3733	274	1	the	the	DET
ajeer-3733	274	2	link	link	NOUN
ajeer-3733	274	3	between	between	ADP
ajeer-3733	274	4	the	the	DET
ajeer-3733	274	5	observed	observed	ADJ
ajeer-3733	274	6	and	and	CCONJ
ajeer-3733	274	7	unobserved	unobserved	ADJ
ajeer-3733	274	8	variables	variable	NOUN
ajeer-3733	274	9	—	—	PUNCT
ajeer-3733	274	10	the	the	DET
ajeer-3733	274	11	output	output	NOUN
ajeer-3733	274	12	,	,	PUNCT
ajeer-3733	274	13	exchange	exchange	NOUN
ajeer-3733	274	14	rate	rate	NOUN
ajeer-3733	274	15	,	,	PUNCT
ajeer-3733	274	16	and	and	CCONJ
ajeer-3733	274	17	interest	interest	NOUN
ajeer-3733	274	18	rate	rate	NOUN
ajeer-3733	274	19	gaps	gap	NOUN
ajeer-3733	274	20	—	—	PUNCT
ajeer-3733	274	21	is	be	AUX
ajeer-3733	274	22	represented	represent	VERB
ajeer-3733	274	23	by	by	ADP
ajeer-3733	274	24	the	the	DET
ajeer-3733	274	25	model	model	NOUN
ajeer-3733	274	26	itself	itself	PRON
ajeer-3733	274	27	.	.	PUNCT
ajeer-3733	275	1	conditional	conditional	ADJ
ajeer-3733	275	2	on	on	ADP
ajeer-3733	275	3	the	the	DET
ajeer-3733	275	4	state	state	NOUN
ajeer-3733	275	5	form	form	NOUN
ajeer-3733	275	6	of	of	ADP
ajeer-3733	275	7	the	the	DET
ajeer-3733	275	8	model	model	NOUN
ajeer-3733	275	9	and	and	CCONJ
ajeer-3733	275	10	the	the	DET
ajeer-3733	275	11	observed	observed	ADJ
ajeer-3733	275	12	variables	variable	NOUN
ajeer-3733	275	13	,	,	PUNCT
ajeer-3733	275	14	the	the	DET
ajeer-3733	275	15	multivariate	multivariate	NOUN
ajeer-3733	275	16	filter	filter	NOUN
ajeer-3733	275	17	can	can	AUX
ajeer-3733	275	18	identify	identify	VERB
ajeer-3733	275	19	all	all	DET
ajeer-3733	275	20	unobserved	unobserved	ADJ
ajeer-3733	275	21	variables	variable	NOUN
ajeer-3733	275	22	and	and	CCONJ
ajeer-3733	275	23	shocks	shock	NOUN
ajeer-3733	275	24	.	.	PUNCT
ajeer-3733	276	1	for	for	ADP
ajeer-3733	276	2	linear	linear	PROPN
ajeer-3733	276	3	systems	system	NOUN
ajeer-3733	276	4	,	,	PUNCT
ajeer-3733	276	5	the	the	DET
ajeer-3733	276	6	kalman	kalman	NOUN
ajeer-3733	276	7	filter	filter	NOUN
ajeer-3733	276	8	represents	represent	VERB
ajeer-3733	276	9	an	an	DET
ajeer-3733	276	10	optimum	optimum	ADJ
ajeer-3733	276	11	estimate	estimate	NOUN
ajeer-3733	276	12	in	in	ADP
ajeer-3733	276	13	terms	term	NOUN
ajeer-3733	276	14	of	of	ADP
ajeer-3733	276	15	the	the	DET
ajeer-3733	276	16	least	least	ADJ
ajeer-3733	276	17	squares	square	NOUN
ajeer-3733	276	18	criterion	criterion	NOUN
ajeer-3733	276	19	(	(	PUNCT
ajeer-3733	276	20	hamilton	hamilton	PROPN
ajeer-3733	276	21	,	,	PUNCT
ajeer-3733	276	22	1994	1994	NUM
ajeer-3733	276	23	)	)	PUNCT
ajeer-3733	276	24	.	.	PUNCT
ajeer-3733	277	1	as	as	SCONJ
ajeer-3733	277	2	some	some	DET
ajeer-3733	277	3	variables	variable	NOUN
ajeer-3733	277	4	are	be	AUX
ajeer-3733	277	5	nonstationary	nonstationary	ADJ
ajeer-3733	277	6	,	,	PUNCT
ajeer-3733	277	7	without	without	ADP
ajeer-3733	277	8	finite	finite	ADJ
ajeer-3733	277	9	value	value	NOUN
ajeer-3733	277	10	variances	variance	NOUN
ajeer-3733	277	11	,	,	PUNCT
ajeer-3733	277	12	we	we	PRON
ajeer-3733	277	13	employ	employ	VERB
ajeer-3733	277	14	the	the	DET
ajeer-3733	277	15	diffuse	diffuse	PROPN
ajeer-3733	277	16	kalman	kalman	NOUN
ajeer-3733	277	17	filter	filter	NOUN
ajeer-3733	277	18	(	(	PUNCT
ajeer-3733	277	19	de	de	X
ajeer-3733	277	20	jong	jong	PROPN
ajeer-3733	277	21	,	,	PUNCT
ajeer-3733	277	22	1991	1991	NUM
ajeer-3733	277	23	)	)	PUNCT
ajeer-3733	277	24	.	.	PUNCT
ajeer-3733	278	1	the	the	DET
ajeer-3733	278	2	questions	question	NOUN
ajeer-3733	278	3	we	we	PRON
ajeer-3733	278	4	ask	ask	VERB
ajeer-3733	278	5	are	be	AUX
ajeer-3733	278	6	straightforward	straightforward	ADJ
ajeer-3733	278	7	:	:	PUNCT
ajeer-3733	278	8	are	be	AUX
ajeer-3733	278	9	the	the	DET
ajeer-3733	278	10	filter	filter	NOUN
ajeer-3733	278	11	-	-	PUNCT
ajeer-3733	278	12	derived	derive	VERB
ajeer-3733	278	13	unobserved	unobserved	ADJ
ajeer-3733	278	14	variables	variable	NOUN
ajeer-3733	278	15	consistent	consistent	ADJ
ajeer-3733	278	16	with	with	ADP
ajeer-3733	278	17	the	the	DET
ajeer-3733	278	18	generally	generally	ADV
ajeer-3733	278	19	accepted	accept	VERB
ajeer-3733	278	20	narrative	narrative	NOUN
ajeer-3733	278	21	about	about	ADP
ajeer-3733	278	22	the	the	DET
ajeer-3733	278	23	cambodian	cambodian	ADJ
ajeer-3733	278	24	business	business	NOUN
ajeer-3733	278	25	cycle	cycle	NOUN
ajeer-3733	278	26	(	(	PUNCT
ajeer-3733	278	27	as	as	ADP
ajeer-3733	278	28	in	in	ADP
ajeer-3733	278	29	imf	imf	PROPN
ajeer-3733	278	30	(	(	PUNCT
ajeer-3733	278	31	international	international	ADJ
ajeer-3733	278	32	monetary	monetary	ADJ
ajeer-3733	278	33	fund	fund	NOUN
ajeer-3733	278	34	)	)	PUNCT
ajeer-3733	278	35	,	,	PUNCT
ajeer-3733	278	36	(	(	PUNCT
ajeer-3733	278	37	2018b	2018b	NUM
ajeer-3733	278	38	)	)	PUNCT
ajeer-3733	278	39	;	;	PUNCT
ajeer-3733	278	40	(	(	PUNCT
ajeer-3733	278	41	2019	2019	NUM
ajeer-3733	278	42	)	)	PUNCT
ajeer-3733	278	43	)	)	PUNCT
ajeer-3733	278	44	?	?	PUNCT
ajeer-3733	279	1	can	can	AUX
ajeer-3733	279	2	we	we	PRON
ajeer-3733	279	3	use	use	VERB
ajeer-3733	279	4	the	the	DET
ajeer-3733	279	5	estimates	estimate	NOUN
ajeer-3733	279	6	of	of	ADP
ajeer-3733	279	7	unobserved	unobserved	ADJ
ajeer-3733	279	8	variables	variable	NOUN
ajeer-3733	279	9	—	—	PUNCT
ajeer-3733	279	10	the	the	DET
ajeer-3733	279	11	gaps	gap	NOUN
ajeer-3733	279	12	—	—	PUNCT
ajeer-3733	279	13	to	to	PART
ajeer-3733	279	14	explain	explain	VERB
ajeer-3733	279	15	such	such	ADJ
ajeer-3733	279	16	observed	observed	ADJ
ajeer-3733	279	17	variables	variable	NOUN
ajeer-3733	279	18	as	as	ADP
ajeer-3733	279	19	inflation	inflation	NOUN
ajeer-3733	279	20	,	,	PUNCT
ajeer-3733	279	21	output	output	NOUN
ajeer-3733	279	22	,	,	PUNCT
ajeer-3733	279	23	and	and	CCONJ
ajeer-3733	279	24	fiscal	fiscal	ADJ
ajeer-3733	279	25	developments	development	NOUN
ajeer-3733	279	26	?	?	PUNCT
ajeer-3733	280	1	our	our	PRON
ajeer-3733	280	2	results	result	NOUN
ajeer-3733	280	3	suggest	suggest	VERB
ajeer-3733	280	4	that	that	SCONJ
ajeer-3733	280	5	cambodia	cambodia	PROPN
ajeer-3733	280	6	’s	’s	PART
ajeer-3733	280	7	economy	economy	NOUN
ajeer-3733	280	8	was	be	AUX
ajeer-3733	280	9	overheated	overheat	VERB
ajeer-3733	280	10	before	before	ADP
ajeer-3733	280	11	the	the	DET
ajeer-3733	280	12	gfc	gfc	NOUN
ajeer-3733	280	13	,	,	PUNCT
ajeer-3733	280	14	driven	drive	VERB
ajeer-3733	280	15	by	by	ADP
ajeer-3733	280	16	both	both	CCONJ
ajeer-3733	280	17	the	the	DET
ajeer-3733	280	18	imported	import	VERB
ajeer-3733	280	19	low	low	ADJ
ajeer-3733	280	20	interest	interest	NOUN
ajeer-3733	280	21	rate	rate	NOUN
ajeer-3733	280	22	and	and	CCONJ
ajeer-3733	280	23	the	the	DET
ajeer-3733	280	24	undervalued	undervalued	ADJ
ajeer-3733	280	25	exchange	exchange	NOUN
ajeer-3733	280	26	rate	rate	NOUN
ajeer-3733	280	27	(	(	PUNCT
ajeer-3733	280	28	figure	figure	NOUN
ajeer-3733	280	29	6	6	NUM
ajeer-3733	280	30	)	)	PUNCT
ajeer-3733	280	31	.	.	PUNCT
ajeer-3733	281	1	the	the	DET
ajeer-3733	281	2	estimates	estimate	NOUN
ajeer-3733	281	3	further	far	ADV
ajeer-3733	281	4	suggest	suggest	VERB
ajeer-3733	281	5	that	that	SCONJ
ajeer-3733	281	6	the	the	DET
ajeer-3733	281	7	authorities	authority	NOUN
ajeer-3733	281	8	reacted	react	VERB
ajeer-3733	281	9	with	with	ADP
ajeer-3733	281	10	a	a	DET
ajeer-3733	281	11	fiscal	fiscal	ADJ
ajeer-3733	281	12	impulse	impulse	NOUN
ajeer-3733	281	13	in	in	ADP
ajeer-3733	281	14	2009	2009	NUM
ajeer-3733	281	15	;	;	PUNCT
ajeer-3733	281	16	however	however	ADV
ajeer-3733	281	17	,	,	PUNCT
ajeer-3733	281	18	the	the	DET
ajeer-3733	281	19	growth	growth	NOUN
ajeer-3733	281	20	slowdown	slowdown	NOUN
ajeer-3733	281	21	in	in	ADP
ajeer-3733	281	22	2012	2012	NUM
ajeer-3733	281	23	was	be	AUX
ajeer-3733	281	24	to	to	ADP
ajeer-3733	281	25	a	a	DET
ajeer-3733	281	26	large	large	ADJ
ajeer-3733	281	27	degree	degree	NOUN
ajeer-3733	281	28	attributable	attributable	ADJ
ajeer-3733	281	29	to	to	ADP
ajeer-3733	281	30	a	a	DET
ajeer-3733	281	31	negative	negative	ADJ
ajeer-3733	281	32	fiscal	fiscal	ADJ
ajeer-3733	281	33	impulse	impulse	NOUN
ajeer-3733	281	34	that	that	PRON
ajeer-3733	281	35	was	be	AUX
ajeer-3733	281	36	only	only	ADV
ajeer-3733	281	37	partly	partly	ADV
ajeer-3733	281	38	reversed	reverse	VERB
ajeer-3733	281	39	in	in	ADP
ajeer-3733	281	40	2013	2013	NUM
ajeer-3733	281	41	.	.	PUNCT
ajeer-3733	282	1	there	there	PRON
ajeer-3733	282	2	seemed	seem	VERB
ajeer-3733	282	3	to	to	PART
ajeer-3733	282	4	be	be	AUX
ajeer-3733	282	5	only	only	ADV
ajeer-3733	282	6	very	very	ADV
ajeer-3733	282	7	limited	limited	ADJ
ajeer-3733	282	8	demand	demand	NOUN
ajeer-3733	282	9	-	-	PUNCT
ajeer-3733	282	10	side	side	NOUN
ajeer-3733	282	11	shocks	shock	NOUN
ajeer-3733	282	12	postgfc	postgfc	NOUN
ajeer-3733	282	13	.	.	PUNCT
ajeer-3733	283	1	inflation	inflation	NOUN
ajeer-3733	283	2	peaked	peak	VERB
ajeer-3733	283	3	in	in	ADP
ajeer-3733	283	4	2008	2008	NUM
ajeer-3733	283	5	,	,	PUNCT
ajeer-3733	283	6	driven	drive	VERB
ajeer-3733	283	7	by	by	ADP
ajeer-3733	283	8	an	an	DET
ajeer-3733	283	9	overheated	overheated	ADJ
ajeer-3733	283	10	economy	economy	NOUN
ajeer-3733	283	11	,	,	PUNCT
ajeer-3733	283	12	an	an	DET
ajeer-3733	283	13	undervalued	undervalued	ADJ
ajeer-3733	283	14	exchange	exchange	NOUN
ajeer-3733	283	15	rate	rate	NOUN
ajeer-3733	283	16	,	,	PUNCT
ajeer-3733	283	17	and	and	CCONJ
ajeer-3733	283	18	the	the	DET
ajeer-3733	283	19	global	global	ADJ
ajeer-3733	283	20	foodprice	foodprice	PROPN
ajeer-3733	283	21	shock	shock	NOUN
ajeer-3733	283	22	(	(	PUNCT
ajeer-3733	283	23	figure	figure	NOUN
ajeer-3733	283	24	7	7	NUM
ajeer-3733	283	25	)	)	PUNCT
ajeer-3733	283	26	.	.	PUNCT
ajeer-3733	284	1	inflationary	inflationary	ADJ
ajeer-3733	284	2	shocks	shock	NOUN
ajeer-3733	284	3	dissipated	dissipate	VERB
ajeer-3733	284	4	quickly	quickly	ADV
ajeer-3733	284	5	,	,	PUNCT
ajeer-3733	284	6	however	however	ADV
ajeer-3733	284	7	,	,	PUNCT
ajeer-3733	284	8	and	and	CCONJ
ajeer-3733	284	9	inflation	inflation	NOUN
ajeer-3733	284	10	remained	remain	VERB
ajeer-3733	284	11	a	a	DET
ajeer-3733	284	12	few	few	ADJ
ajeer-3733	284	13	percentage	percentage	NOUN
ajeer-3733	284	14	points	point	NOUN
ajeer-3733	284	15	above	above	ADP
ajeer-3733	284	16	the	the	DET
ajeer-3733	284	17	level	level	NOUN
ajeer-3733	284	18	of	of	ADP
ajeer-3733	284	19	cambodia	cambodia	PROPN
ajeer-3733	284	20	’s	’s	PART
ajeer-3733	284	21	trading	trading	NOUN
ajeer-3733	284	22	partners	partner	NOUN
ajeer-3733	284	23	.	.	PUNCT
ajeer-3733	285	1	as	as	ADP
ajeer-3733	285	2	a	a	DET
ajeer-3733	285	3	result	result	NOUN
ajeer-3733	285	4	,	,	PUNCT
ajeer-3733	285	5	the	the	DET
ajeer-3733	285	6	riel	riel	PROPN
ajeer-3733	285	7	appreciated	appreciate	VERB
ajeer-3733	285	8	relative	relative	NOUN
ajeer-3733	285	9	to	to	ADP
ajeer-3733	285	10	its	its	PRON
ajeer-3733	285	11	equilibrium	equilibrium	NOUN
ajeer-3733	285	12	asian	asian	ADJ
ajeer-3733	285	13	journal	journal	NOUN
ajeer-3733	285	14	of	of	ADP
ajeer-3733	285	15	economics	economic	NOUN
ajeer-3733	285	16	and	and	CCONJ
ajeer-3733	285	17	empirical	empirical	ADJ
ajeer-3733	285	18	research	research	NOUN
ajeer-3733	285	19	,	,	PUNCT
ajeer-3733	285	20	2022	2022	NUM
ajeer-3733	285	21	,	,	PUNCT
ajeer-3733	285	22	9(1	9(1	NUM
ajeer-3733	285	23	):	):	PUNCT
ajeer-3733	285	24	21	21	NUM
ajeer-3733	285	25	-	-	SYM
ajeer-3733	285	26	37	37	NUM
ajeer-3733	285	27	30	30	NUM
ajeer-3733	285	28	©	©	PROPN
ajeer-3733	285	29	2022	2022	NUM
ajeer-3733	285	30	by	by	ADP
ajeer-3733	285	31	the	the	DET
ajeer-3733	285	32	authors	author	NOUN
ajeer-3733	285	33	;	;	PUNCT
ajeer-3733	285	34	licensee	licensee	PROPN
ajeer-3733	285	35	asian	asian	ADJ
ajeer-3733	285	36	online	online	PROPN
ajeer-3733	285	37	journal	journal	PROPN
ajeer-3733	285	38	publishing	publishing	NOUN
ajeer-3733	285	39	group	group	NOUN
ajeer-3733	285	40	value	value	NOUN
ajeer-3733	285	41	,	,	PUNCT
ajeer-3733	285	42	though	though	SCONJ
ajeer-3733	285	43	to	to	ADP
ajeer-3733	285	44	a	a	DET
ajeer-3733	285	45	lesser	less	ADJ
ajeer-3733	285	46	degree	degree	NOUN
ajeer-3733	285	47	than	than	SCONJ
ajeer-3733	285	48	estimated	estimate	VERB
ajeer-3733	285	49	in	in	ADP
ajeer-3733	285	50	imf	imf	PROPN
ajeer-3733	285	51	(	(	PUNCT
ajeer-3733	285	52	international	international	ADJ
ajeer-3733	285	53	monetary	monetary	ADJ
ajeer-3733	285	54	fund	fund	NOUN
ajeer-3733	285	55	)	)	PUNCT
ajeer-3733	285	56	(	(	PUNCT
ajeer-3733	285	57	2019	2019	NUM
ajeer-3733	285	58	)	)	PUNCT
ajeer-3733	285	59	.	.	PUNCT
ajeer-3733	286	1	as	as	ADP
ajeer-3733	286	2	in	in	ADP
ajeer-3733	286	3	our	our	PRON
ajeer-3733	286	4	demandside	demandside	NOUN
ajeer-3733	286	5	estimates	estimate	NOUN
ajeer-3733	286	6	,	,	PUNCT
ajeer-3733	286	7	inflation	inflation	NOUN
ajeer-3733	286	8	during	during	ADP
ajeer-3733	286	9	the	the	DET
ajeer-3733	286	10	post	post	ADJ
ajeer-3733	286	11	-	-	ADJ
ajeer-3733	286	12	gfc	gfc	ADJ
ajeer-3733	286	13	period	period	NOUN
ajeer-3733	286	14	has	have	AUX
ajeer-3733	286	15	been	be	AUX
ajeer-3733	286	16	remarkably	remarkably	ADV
ajeer-3733	286	17	free	free	ADJ
ajeer-3733	286	18	of	of	ADP
ajeer-3733	286	19	supply	supply	NOUN
ajeer-3733	286	20	shocks	shock	NOUN
ajeer-3733	286	21	.	.	PUNCT
ajeer-3733	287	1	figure	figure	VERB
ajeer-3733	287	2	6	6	NUM
ajeer-3733	287	3	.	.	PUNCT
ajeer-3733	288	1	cambodia	cambodia	PROPN
ajeer-3733	288	2	:	:	PUNCT
ajeer-3733	288	3	aggregate	aggregate	ADJ
ajeer-3733	288	4	demand	demand	NOUN
ajeer-3733	288	5	and	and	CCONJ
ajeer-3733	288	6	its	its	PRON
ajeer-3733	288	7	components	component	NOUN
ajeer-3733	288	8	,	,	PUNCT
ajeer-3733	288	9	2002–19	2002–19	NOUN
ajeer-3733	288	10	,	,	PUNCT
ajeer-3733	288	11	percent	percent	NOUN
ajeer-3733	288	12	of	of	ADP
ajeer-3733	288	13	gdp	gdp	PROPN
ajeer-3733	288	14	.	.	PUNCT
ajeer-3733	289	1	note	note	NOUN
ajeer-3733	289	2	:	:	PUNCT
ajeer-3733	290	1	a	a	DET
ajeer-3733	290	2	negative	negative	ADJ
ajeer-3733	290	3	real	real	ADJ
ajeer-3733	290	4	exchange	exchange	NOUN
ajeer-3733	290	5	rate	rate	NOUN
ajeer-3733	290	6	gap	gap	NOUN
ajeer-3733	290	7	indicates	indicate	VERB
ajeer-3733	290	8	an	an	DET
ajeer-3733	290	9	exchange	exchange	NOUN
ajeer-3733	290	10	rate	rate	NOUN
ajeer-3733	290	11	that	that	PRON
ajeer-3733	290	12	is	be	AUX
ajeer-3733	290	13	overvalued	overvalue	VERB
ajeer-3733	290	14	relative	relative	ADJ
ajeer-3733	290	15	to	to	ADP
ajeer-3733	290	16	its	its	PRON
ajeer-3733	290	17	trend	trend	NOUN
ajeer-3733	290	18	value	value	NOUN
ajeer-3733	290	19	.	.	PUNCT
ajeer-3733	291	1	source	source	NOUN
ajeer-3733	291	2	:	:	PUNCT
ajeer-3733	291	3	camfi	camfi	NOUN
ajeer-3733	291	4	,	,	PUNCT
ajeer-3733	291	5	authors	author	NOUN
ajeer-3733	291	6	’	’	PART
ajeer-3733	291	7	simulations	simulation	NOUN
ajeer-3733	291	8	.	.	PUNCT
ajeer-3733	292	1	figure	figure	VERB
ajeer-3733	292	2	7	7	NUM
ajeer-3733	292	3	.	.	PUNCT
ajeer-3733	293	1	cambodia	cambodia	PROPN
ajeer-3733	293	2	:	:	PUNCT
ajeer-3733	293	3	aggregate	aggregate	ADJ
ajeer-3733	293	4	supply	supply	NOUN
ajeer-3733	293	5	and	and	CCONJ
ajeer-3733	293	6	its	its	PRON
ajeer-3733	293	7	components	component	NOUN
ajeer-3733	293	8	,	,	PUNCT
ajeer-3733	293	9	2002–19	2002–19	NOUN
ajeer-3733	293	10	,	,	PUNCT
ajeer-3733	293	11	percent	percent	NOUN
ajeer-3733	293	12	.	.	PUNCT
ajeer-3733	294	1	source	source	NOUN
ajeer-3733	294	2	:	:	PUNCT
ajeer-3733	294	3	camfi	camfi	NOUN
ajeer-3733	294	4	,	,	PUNCT
ajeer-3733	294	5	authors	author	NOUN
ajeer-3733	294	6	’	’	PART
ajeer-3733	294	7	simulations	simulation	NOUN
ajeer-3733	294	8	.	.	PUNCT
ajeer-3733	295	1	asian	asian	ADJ
ajeer-3733	295	2	journal	journal	PROPN
ajeer-3733	295	3	of	of	ADP
ajeer-3733	295	4	economics	economic	NOUN
ajeer-3733	295	5	and	and	CCONJ
ajeer-3733	295	6	empirical	empirical	ADJ
ajeer-3733	295	7	research	research	NOUN
ajeer-3733	295	8	,	,	PUNCT
ajeer-3733	295	9	2022	2022	NUM
ajeer-3733	295	10	,	,	PUNCT
ajeer-3733	295	11	9(1	9(1	NUM
ajeer-3733	295	12	):	):	PUNCT
ajeer-3733	295	13	21	21	NUM
ajeer-3733	295	14	-	-	SYM
ajeer-3733	295	15	37	37	NUM
ajeer-3733	295	16	31	31	NUM
ajeer-3733	295	17	©	©	PROPN
ajeer-3733	295	18	2022	2022	NUM
ajeer-3733	295	19	by	by	ADP
ajeer-3733	295	20	the	the	DET
ajeer-3733	295	21	authors	author	NOUN
ajeer-3733	295	22	;	;	PUNCT
ajeer-3733	295	23	licensee	licensee	PROPN
ajeer-3733	295	24	asian	asian	ADJ
ajeer-3733	295	25	online	online	PROPN
ajeer-3733	295	26	journal	journal	PROPN
ajeer-3733	295	27	publishing	publishing	NOUN
ajeer-3733	295	28	group	group	PROPN
ajeer-3733	295	29	post	post	PROPN
ajeer-3733	295	30	-	-	ADJ
ajeer-3733	295	31	gfc	gfc	ADJ
ajeer-3733	295	32	fiscal	fiscal	ADJ
ajeer-3733	295	33	developments	development	NOUN
ajeer-3733	295	34	greatly	greatly	ADV
ajeer-3733	295	35	benefitted	benefit	VERB
ajeer-3733	295	36	from	from	ADP
ajeer-3733	295	37	steady	steady	ADJ
ajeer-3733	295	38	growth	growth	NOUN
ajeer-3733	295	39	in	in	ADP
ajeer-3733	295	40	real	real	ADJ
ajeer-3733	295	41	gdp	gdp	NOUN
ajeer-3733	295	42	.	.	PUNCT
ajeer-3733	296	1	cyclical	cyclical	ADJ
ajeer-3733	296	2	smoothing	smoothing	NOUN
ajeer-3733	296	3	—	—	PUNCT
ajeer-3733	296	4	by	by	ADP
ajeer-3733	296	5	about	about	ADV
ajeer-3733	296	6	2	2	NUM
ajeer-3733	296	7	percentage	percentage	NOUN
ajeer-3733	296	8	points	point	NOUN
ajeer-3733	296	9	of	of	ADP
ajeer-3733	296	10	gdp	gdp	NOUN
ajeer-3733	296	11	—	—	PUNCT
ajeer-3733	296	12	was	be	AUX
ajeer-3733	296	13	apparent	apparent	ADJ
ajeer-3733	296	14	in	in	ADP
ajeer-3733	296	15	2010–12	2010–12	NUM
ajeer-3733	296	16	,	,	PUNCT
ajeer-3733	296	17	as	as	SCONJ
ajeer-3733	296	18	shown	show	VERB
ajeer-3733	296	19	by	by	ADP
ajeer-3733	296	20	the	the	DET
ajeer-3733	296	21	dark	dark	ADJ
ajeer-3733	296	22	blue	blue	ADJ
ajeer-3733	296	23	sections	section	NOUN
ajeer-3733	296	24	in	in	ADP
ajeer-3733	296	25	the	the	DET
ajeer-3733	296	26	chart	chart	NOUN
ajeer-3733	296	27	decomposing	decompose	VERB
ajeer-3733	296	28	the	the	DET
ajeer-3733	296	29	fiscal	fiscal	ADJ
ajeer-3733	296	30	balance	balance	NOUN
ajeer-3733	296	31	(	(	PUNCT
ajeer-3733	296	32	figure	figure	NOUN
ajeer-3733	296	33	8)	8)	NUM
ajeer-3733	296	34	.	.	PUNCT
ajeer-3733	297	1	thereafter	thereafter	ADV
ajeer-3733	297	2	the	the	DET
ajeer-3733	297	3	government	government	NOUN
ajeer-3733	297	4	ran	run	VERB
ajeer-3733	297	5	a	a	DET
ajeer-3733	297	6	tighter	tight	ADJ
ajeer-3733	297	7	fiscal	fiscal	ADJ
ajeer-3733	297	8	stance	stance	NOUN
ajeer-3733	297	9	than	than	SCONJ
ajeer-3733	297	10	envisaged	envisage	VERB
ajeer-3733	297	11	by	by	ADP
ajeer-3733	297	12	the	the	DET
ajeer-3733	297	13	calibration	calibration	NOUN
ajeer-3733	297	14	of	of	ADP
ajeer-3733	297	15	the	the	DET
ajeer-3733	297	16	fiscal	fiscal	ADJ
ajeer-3733	297	17	policy	policy	NOUN
ajeer-3733	297	18	reaction	reaction	NOUN
ajeer-3733	297	19	function	function	NOUN
ajeer-3733	297	20	(	(	PUNCT
ajeer-3733	297	21	see	see	VERB
ajeer-3733	297	22	the	the	DET
ajeer-3733	297	23	yellow	yellow	ADJ
ajeer-3733	297	24	sections	section	NOUN
ajeer-3733	297	25	in	in	ADP
ajeer-3733	297	26	the	the	DET
ajeer-3733	297	27	bottom	bottom	ADJ
ajeer-3733	297	28	chart	chart	NOUN
ajeer-3733	297	29	in	in	ADP
ajeer-3733	297	30	2012	2012	NUM
ajeer-3733	297	31	and	and	CCONJ
ajeer-3733	297	32	afterward	afterward	ADV
ajeer-3733	297	33	)	)	PUNCT
ajeer-3733	297	34	.	.	PUNCT
ajeer-3733	298	1	the	the	DET
ajeer-3733	298	2	stance	stance	NOUN
ajeer-3733	298	3	allowed	allow	VERB
ajeer-3733	298	4	the	the	DET
ajeer-3733	298	5	government	government	NOUN
ajeer-3733	298	6	to	to	PART
ajeer-3733	298	7	accumulate	accumulate	VERB
ajeer-3733	298	8	sizable	sizable	ADJ
ajeer-3733	298	9	government	government	NOUN
ajeer-3733	298	10	deposits	deposit	NOUN
ajeer-3733	298	11	while	while	SCONJ
ajeer-3733	298	12	keeping	keep	VERB
ajeer-3733	298	13	gross	gross	ADJ
ajeer-3733	298	14	debt	debt	NOUN
ajeer-3733	298	15	at	at	ADP
ajeer-3733	298	16	the	the	DET
ajeer-3733	298	17	target	target	NOUN
ajeer-3733	298	18	level	level	NOUN
ajeer-3733	298	19	.	.	PUNCT
ajeer-3733	299	1	in	in	ADP
ajeer-3733	299	2	2019	2019	NUM
ajeer-3733	299	3	the	the	DET
ajeer-3733	299	4	actual	actual	ADJ
ajeer-3733	299	5	deposit	deposit	NOUN
ajeer-3733	299	6	-	-	PUNCT
ajeer-3733	299	7	to	to	ADP
ajeer-3733	299	8	-	-	PUNCT
ajeer-3733	299	9	gdp	gdp	NOUN
ajeer-3733	299	10	ratio	ratio	NOUN
ajeer-3733	299	11	was	be	AUX
ajeer-3733	299	12	almost	almost	ADV
ajeer-3733	299	13	twice	twice	ADV
ajeer-3733	299	14	as	as	ADV
ajeer-3733	299	15	high	high	ADJ
ajeer-3733	299	16	(	(	PUNCT
ajeer-3733	299	17	15	15	NUM
ajeer-3733	299	18	percent	percent	NOUN
ajeer-3733	299	19	)	)	PUNCT
ajeer-3733	299	20	as	as	ADP
ajeer-3733	299	21	our	our	PRON
ajeer-3733	299	22	calibrated	calibrate	VERB
ajeer-3733	299	23	steady	steady	ADJ
ajeer-3733	299	24	-	-	PUNCT
ajeer-3733	299	25	state	state	NOUN
ajeer-3733	299	26	value	value	NOUN
ajeer-3733	299	27	of	of	ADP
ajeer-3733	299	28	8	8	NUM
ajeer-3733	299	29	percent	percent	NOUN
ajeer-3733	299	30	;	;	PUNCT
ajeer-3733	299	31	see	see	VERB
ajeer-3733	299	32	figure	figure	NOUN
ajeer-3733	299	33	2	2	NUM
ajeer-3733	299	34	.	.	PUNCT
ajeer-3733	299	35	figure	figure	NOUN
ajeer-3733	299	36	8	8	NUM
ajeer-3733	299	37	.	.	PUNCT
ajeer-3733	300	1	cambodia	cambodia	PROPN
ajeer-3733	300	2	:	:	PUNCT
ajeer-3733	300	3	fiscal	fiscal	ADJ
ajeer-3733	300	4	balances	balance	NOUN
ajeer-3733	300	5	,	,	PUNCT
ajeer-3733	300	6	2002–19	2002–19	NOUN
ajeer-3733	300	7	,	,	PUNCT
ajeer-3733	300	8	percent	percent	NOUN
ajeer-3733	300	9	of	of	ADP
ajeer-3733	300	10	gdp	gdp	PROPN
ajeer-3733	300	11	.	.	PUNCT
ajeer-3733	301	1	note	note	NOUN
ajeer-3733	301	2	:	:	PUNCT
ajeer-3733	301	3	a	a	DET
ajeer-3733	301	4	positive	positive	ADJ
ajeer-3733	301	5	number	number	NOUN
ajeer-3733	301	6	indicates	indicate	VERB
ajeer-3733	301	7	a	a	DET
ajeer-3733	301	8	deficit	deficit	NOUN
ajeer-3733	301	9	;	;	PUNCT
ajeer-3733	301	10	a	a	DET
ajeer-3733	301	11	value	value	NOUN
ajeer-3733	301	12	of	of	ADP
ajeer-3733	301	13	–	–	PUNCT
ajeer-3733	301	14	1	1	NUM
ajeer-3733	301	15	for	for	ADP
ajeer-3733	301	16	the	the	DET
ajeer-3733	301	17	primary	primary	ADJ
ajeer-3733	301	18	balance	balance	NOUN
ajeer-3733	301	19	in	in	ADP
ajeer-3733	301	20	2018	2018	NUM
ajeer-3733	301	21	indicates	indicate	VERB
ajeer-3733	301	22	a	a	DET
ajeer-3733	301	23	surplus	surplus	NOUN
ajeer-3733	301	24	of	of	ADP
ajeer-3733	301	25	1	1	NUM
ajeer-3733	301	26	percent	percent	NOUN
ajeer-3733	301	27	of	of	ADP
ajeer-3733	301	28	gdp	gdp	PROPN
ajeer-3733	301	29	.	.	PROPN
ajeer-3733	301	30	source	source	NOUN
ajeer-3733	301	31	:	:	PUNCT
ajeer-3733	301	32	camfi	camfi	NOUN
ajeer-3733	301	33	,	,	PUNCT
ajeer-3733	301	34	authors	author	NOUN
ajeer-3733	301	35	’	’	PART
ajeer-3733	301	36	simulations	simulation	NOUN
ajeer-3733	301	37	.	.	PUNCT
ajeer-3733	302	1	3.3	3.3	NUM
ajeer-3733	302	2	.	.	PUNCT
ajeer-3733	303	1	recursive	recursive	ADJ
ajeer-3733	303	2	forecasts	forecast	NOUN
ajeer-3733	303	3	next	next	ADV
ajeer-3733	303	4	,	,	PUNCT
ajeer-3733	303	5	we	we	PRON
ajeer-3733	303	6	use	use	VERB
ajeer-3733	303	7	the	the	DET
ajeer-3733	303	8	model	model	NOUN
ajeer-3733	303	9	-	-	PUNCT
ajeer-3733	303	10	identified	identify	VERB
ajeer-3733	303	11	unobserved	unobserved	ADJ
ajeer-3733	303	12	variables	variable	NOUN
ajeer-3733	303	13	to	to	PART
ajeer-3733	303	14	assess	assess	VERB
ajeer-3733	303	15	the	the	DET
ajeer-3733	303	16	model	model	NOUN
ajeer-3733	303	17	’s	’s	PART
ajeer-3733	303	18	predictive	predictive	ADJ
ajeer-3733	303	19	ability	ability	NOUN
ajeer-3733	303	20	.	.	PUNCT
ajeer-3733	304	1	mechanically	mechanically	ADV
ajeer-3733	304	2	,	,	PUNCT
ajeer-3733	304	3	we	we	PRON
ajeer-3733	304	4	employ	employ	VERB
ajeer-3733	304	5	the	the	DET
ajeer-3733	304	6	kalman	kalman	PROPN
ajeer-3733	304	7	filter	filter	NOUN
ajeer-3733	304	8	to	to	PART
ajeer-3733	304	9	identify	identify	VERB
ajeer-3733	304	10	the	the	DET
ajeer-3733	304	11	initial	initial	ADJ
ajeer-3733	304	12	conditions	condition	NOUN
ajeer-3733	304	13	for	for	ADP
ajeer-3733	304	14	each	each	DET
ajeer-3733	304	15	year	year	NOUN
ajeer-3733	304	16	(	(	PUNCT
ajeer-3733	304	17	t	t	NOUN
ajeer-3733	304	18	)	)	PUNCT
ajeer-3733	304	19	and	and	CCONJ
ajeer-3733	304	20	make	make	VERB
ajeer-3733	304	21	a	a	DET
ajeer-3733	304	22	series	series	NOUN
ajeer-3733	304	23	of	of	ADP
ajeer-3733	304	24	8	8	NUM
ajeer-3733	304	25	-	-	PUNCT
ajeer-3733	304	26	years	year	NOUN
ajeer-3733	304	27	-	-	PUNCT
ajeer-3733	304	28	ahead	ahead	ADP
ajeer-3733	304	29	recursive	recursive	ADJ
ajeer-3733	304	30	forecasts	forecast	NOUN
ajeer-3733	304	31	.	.	PUNCT
ajeer-3733	305	1	all	all	DET
ajeer-3733	305	2	domestic	domestic	ADJ
ajeer-3733	305	3	variables	variable	NOUN
ajeer-3733	305	4	are	be	AUX
ajeer-3733	305	5	forecast	forecast	VERB
ajeer-3733	305	6	endogenously	endogenously	ADV
ajeer-3733	305	7	,	,	PUNCT
ajeer-3733	305	8	but	but	CCONJ
ajeer-3733	305	9	we	we	PRON
ajeer-3733	305	10	use	use	VERB
ajeer-3733	305	11	their	their	PRON
ajeer-3733	305	12	actual	actual	ADJ
ajeer-3733	305	13	realizations	realization	NOUN
ajeer-3733	305	14	for	for	ADP
ajeer-3733	305	15	foreign	foreign	ADJ
ajeer-3733	305	16	variables	variable	NOUN
ajeer-3733	305	17	.	.	PUNCT
ajeer-3733	306	1	we	we	PRON
ajeer-3733	306	2	then	then	ADV
ajeer-3733	306	3	shift	shift	VERB
ajeer-3733	306	4	the	the	DET
ajeer-3733	306	5	model	model	NOUN
ajeer-3733	306	6	-	-	PUNCT
ajeer-3733	306	7	identified	identify	VERB
ajeer-3733	306	8	initial	initial	ADJ
ajeer-3733	306	9	conditions	condition	NOUN
ajeer-3733	306	10	by	by	ADP
ajeer-3733	306	11	one	one	NUM
ajeer-3733	306	12	year	year	NOUN
ajeer-3733	306	13	and	and	CCONJ
ajeer-3733	306	14	make	make	VERB
ajeer-3733	306	15	another	another	DET
ajeer-3733	306	16	8	8	NUM
ajeer-3733	306	17	-	-	PUNCT
ajeer-3733	306	18	years	year	NOUN
ajeer-3733	306	19	-	-	PUNCT
ajeer-3733	306	20	ahead	ahead	NOUN
ajeer-3733	306	21	forecast	forecast	NOUN
ajeer-3733	306	22	,	,	PUNCT
ajeer-3733	306	23	and	and	CCONJ
ajeer-3733	306	24	so	so	ADV
ajeer-3733	306	25	on	on	ADV
ajeer-3733	306	26	.	.	PUNCT
ajeer-3733	307	1	figure	figure	NOUN
ajeer-3733	307	2	9	9	NUM
ajeer-3733	307	3	summarizes	summarize	NOUN
ajeer-3733	307	4	all	all	DET
ajeer-3733	307	5	17	17	NUM
ajeer-3733	307	6	of	of	ADP
ajeer-3733	307	7	our	our	PRON
ajeer-3733	307	8	recursive	recursive	ADJ
ajeer-3733	307	9	forecasts	forecast	NOUN
ajeer-3733	307	10	—	—	PUNCT
ajeer-3733	307	11	from	from	ADP
ajeer-3733	307	12	2003	2003	NUM
ajeer-3733	307	13	to	to	ADP
ajeer-3733	307	14	2019	2019	NUM
ajeer-3733	307	15	—	—	PUNCT
ajeer-3733	307	16	forming	form	VERB
ajeer-3733	307	17	a	a	DET
ajeer-3733	307	18	series	series	NOUN
ajeer-3733	307	19	of	of	ADP
ajeer-3733	307	20	“	"	PUNCT
ajeer-3733	307	21	spaghetti	spaghetti	NOUN
ajeer-3733	307	22	”	"	PUNCT
ajeer-3733	307	23	charts	chart	NOUN
ajeer-3733	307	24	for	for	ADP
ajeer-3733	307	25	the	the	DET
ajeer-3733	307	26	variables	variable	NOUN
ajeer-3733	307	27	of	of	ADP
ajeer-3733	307	28	interest	interest	NOUN
ajeer-3733	307	29	.	.	PUNCT
ajeer-3733	308	1	the	the	DET
ajeer-3733	308	2	model	model	NOUN
ajeer-3733	308	3	generates	generate	VERB
ajeer-3733	308	4	reasonable	reasonable	ADJ
ajeer-3733	308	5	recursive	recursive	ADJ
ajeer-3733	308	6	forecasts	forecast	NOUN
ajeer-3733	308	7	:	:	PUNCT
ajeer-3733	308	8	they	they	PRON
ajeer-3733	308	9	predict	predict	VERB
ajeer-3733	308	10	most	most	ADJ
ajeer-3733	308	11	of	of	ADP
ajeer-3733	308	12	the	the	DET
ajeer-3733	308	13	turning	turning	NOUN
ajeer-3733	308	14	points	point	NOUN
ajeer-3733	308	15	in	in	ADP
ajeer-3733	308	16	output	output	NOUN
ajeer-3733	308	17	and	and	CCONJ
ajeer-3733	308	18	inflation	inflation	NOUN
ajeer-3733	308	19	.	.	PUNCT
ajeer-3733	309	1	the	the	DET
ajeer-3733	309	2	missed	miss	VERB
ajeer-3733	309	3	turning	turning	NOUN
ajeer-3733	309	4	points	point	NOUN
ajeer-3733	309	5	can	can	AUX
ajeer-3733	309	6	be	be	AUX
ajeer-3733	309	7	traced	trace	VERB
ajeer-3733	309	8	back	back	ADV
ajeer-3733	309	9	to	to	ADP
ajeer-3733	309	10	supply	supply	NOUN
ajeer-3733	309	11	-	-	PUNCT
ajeer-3733	309	12	side	side	NOUN
ajeer-3733	309	13	,	,	PUNCT
ajeer-3733	309	14	external	external	ADJ
ajeer-3733	309	15	,	,	PUNCT
ajeer-3733	309	16	and	and	CCONJ
ajeer-3733	309	17	policy	policy	NOUN
ajeer-3733	309	18	developments	development	NOUN
ajeer-3733	309	19	that	that	PRON
ajeer-3733	309	20	are	be	AUX
ajeer-3733	309	21	exogenous	exogenous	ADJ
ajeer-3733	309	22	to	to	ADP
ajeer-3733	309	23	our	our	PRON
ajeer-3733	309	24	simple	simple	ADJ
ajeer-3733	309	25	model	model	NOUN
ajeer-3733	309	26	,	,	PUNCT
ajeer-3733	309	27	such	such	ADJ
ajeer-3733	309	28	as	as	ADP
ajeer-3733	309	29	the	the	DET
ajeer-3733	309	30	post	post	ADJ
ajeer-3733	309	31	-	-	ADJ
ajeer-3733	309	32	conflict	conflict	ADJ
ajeer-3733	309	33	recovery	recovery	NOUN
ajeer-3733	309	34	of	of	ADP
ajeer-3733	309	35	gdp	gdp	NOUN
ajeer-3733	309	36	in	in	ADP
ajeer-3733	309	37	2004–05	2004–05	NUM
ajeer-3733	309	38	,	,	PUNCT
ajeer-3733	309	39	the	the	DET
ajeer-3733	309	40	global	global	ADJ
ajeer-3733	309	41	food	food	NOUN
ajeer-3733	309	42	price	price	NOUN
ajeer-3733	309	43	shock	shock	NOUN
ajeer-3733	309	44	of	of	ADP
ajeer-3733	309	45	2007–08	2007–08	NOUN
ajeer-3733	309	46	,	,	PUNCT
ajeer-3733	309	47	and	and	CCONJ
ajeer-3733	309	48	the	the	DET
ajeer-3733	309	49	post	post	ADJ
ajeer-3733	309	50	-	-	ADJ
ajeer-3733	309	51	gfc	gfc	ADJ
ajeer-3733	309	52	policy	policy	NOUN
ajeer-3733	309	53	decision	decision	NOUN
ajeer-3733	309	54	to	to	PART
ajeer-3733	309	55	accumulate	accumulate	VERB
ajeer-3733	309	56	fiscal	fiscal	ADJ
ajeer-3733	309	57	deposits	deposit	NOUN
ajeer-3733	309	58	and	and	CCONJ
ajeer-3733	309	59	drive	drive	VERB
ajeer-3733	309	60	down	down	ADP
ajeer-3733	309	61	the	the	DET
ajeer-3733	309	62	net	net	ADJ
ajeer-3733	309	63	debt	debt	NOUN
ajeer-3733	309	64	-	-	PUNCT
ajeer-3733	309	65	to	to	ADP
ajeer-3733	309	66	-	-	PUNCT
ajeer-3733	309	67	gdp	gdp	NOUN
ajeer-3733	309	68	ratio	ratio	NOUN
ajeer-3733	309	69	.	.	PUNCT
ajeer-3733	310	1	our	our	PRON
ajeer-3733	310	2	chosen	choose	VERB
ajeer-3733	310	3	form	form	NOUN
ajeer-3733	310	4	of	of	ADP
ajeer-3733	310	5	the	the	DET
ajeer-3733	310	6	uip	uip	PROPN
ajeer-3733	310	7	captures	capture	VERB
ajeer-3733	310	8	the	the	DET
ajeer-3733	310	9	interest	interest	NOUN
ajeer-3733	310	10	rate	rate	NOUN
ajeer-3733	310	11	and	and	CCONJ
ajeer-3733	310	12	exchange	exchange	NOUN
ajeer-3733	310	13	rate	rate	NOUN
ajeer-3733	310	14	nexus	nexus	NOUN
ajeer-3733	310	15	very	very	ADV
ajeer-3733	310	16	well	well	ADV
ajeer-3733	310	17	.	.	PUNCT
ajeer-3733	311	1	the	the	DET
ajeer-3733	311	2	fiscal	fiscal	ADJ
ajeer-3733	311	3	variables	variable	NOUN
ajeer-3733	311	4	,	,	PUNCT
ajeer-3733	311	5	especially	especially	ADV
ajeer-3733	311	6	during	during	ADP
ajeer-3733	311	7	the	the	DET
ajeer-3733	311	8	fast	fast	ADJ
ajeer-3733	311	9	-	-	PUNCT
ajeer-3733	311	10	growth	growth	NOUN
ajeer-3733	311	11	pre	pre	NOUN
ajeer-3733	311	12	-	-	NOUN
ajeer-3733	311	13	gfc	gfc	ADJ
ajeer-3733	311	14	and	and	CCONJ
ajeer-3733	311	15	post-2012	post-2012	ADJ
ajeer-3733	311	16	periods	period	NOUN
ajeer-3733	311	17	,	,	PUNCT
ajeer-3733	311	18	are	be	AUX
ajeer-3733	311	19	in	in	ADP
ajeer-3733	311	20	line	line	NOUN
ajeer-3733	311	21	with	with	ADP
ajeer-3733	311	22	the	the	DET
ajeer-3733	311	23	goal	goal	NOUN
ajeer-3733	311	24	of	of	ADP
ajeer-3733	311	25	keeping	keep	VERB
ajeer-3733	311	26	gross	gross	ADJ
ajeer-3733	311	27	debt	debt	NOUN
ajeer-3733	311	28	at	at	ADP
ajeer-3733	311	29	about	about	ADV
ajeer-3733	311	30	30	30	NUM
ajeer-3733	311	31	percent	percent	NOUN
ajeer-3733	311	32	of	of	ADP
ajeer-3733	311	33	gdp	gdp	NOUN
ajeer-3733	311	34	while	while	SCONJ
ajeer-3733	311	35	bringing	bring	VERB
ajeer-3733	311	36	net	net	ADJ
ajeer-3733	311	37	debt	debt	NOUN
ajeer-3733	311	38	lower	low	ADJ
ajeer-3733	311	39	during	during	ADP
ajeer-3733	311	40	cyclical	cyclical	ADJ
ajeer-3733	311	41	upswings	upswing	NOUN
ajeer-3733	311	42	.	.	PUNCT
ajeer-3733	312	1	figure	figure	NOUN
ajeer-3733	312	2	9	9	NUM
ajeer-3733	312	3	.	.	PUNCT
ajeer-3733	313	1	cambodia	cambodia	PROPN
ajeer-3733	313	2	:	:	PUNCT
ajeer-3733	313	3	recursive	recursive	ADJ
ajeer-3733	313	4	forecasts	forecast	NOUN
ajeer-3733	313	5	,	,	PUNCT
ajeer-3733	313	6	2003–19	2003–19	NUM
ajeer-3733	313	7	.	.	PUNCT
ajeer-3733	314	1	asian	asian	ADJ
ajeer-3733	314	2	journal	journal	PROPN
ajeer-3733	314	3	of	of	ADP
ajeer-3733	314	4	economics	economic	NOUN
ajeer-3733	314	5	and	and	CCONJ
ajeer-3733	314	6	empirical	empirical	ADJ
ajeer-3733	314	7	research	research	NOUN
ajeer-3733	314	8	,	,	PUNCT
ajeer-3733	314	9	2022	2022	NUM
ajeer-3733	314	10	,	,	PUNCT
ajeer-3733	314	11	9(1	9(1	NUM
ajeer-3733	314	12	):	):	PUNCT
ajeer-3733	314	13	21	21	NUM
ajeer-3733	314	14	-	-	SYM
ajeer-3733	314	15	37	37	NUM
ajeer-3733	314	16	32	32	NUM
ajeer-3733	314	17	©	©	PROPN
ajeer-3733	314	18	2022	2022	NUM
ajeer-3733	314	19	by	by	ADP
ajeer-3733	314	20	the	the	DET
ajeer-3733	314	21	authors	author	NOUN
ajeer-3733	314	22	;	;	PUNCT
ajeer-3733	314	23	licensee	licensee	PROPN
ajeer-3733	314	24	asian	asian	ADJ
ajeer-3733	314	25	online	online	PROPN
ajeer-3733	314	26	journal	journal	PROPN
ajeer-3733	314	27	publishing	publishing	NOUN
ajeer-3733	314	28	group	group	PROPN
ajeer-3733	314	29	4	4	NUM
ajeer-3733	314	30	.	.	PUNCT
ajeer-3733	315	1	a	a	DET
ajeer-3733	315	2	policy	policy	NOUN
ajeer-3733	315	3	-	-	PUNCT
ajeer-3733	315	4	relevant	relevant	ADJ
ajeer-3733	315	5	exercise	exercise	NOUN
ajeer-3733	315	6	we	we	PRON
ajeer-3733	315	7	now	now	ADV
ajeer-3733	315	8	test	test	VERB
ajeer-3733	315	9	the	the	DET
ajeer-3733	315	10	model	model	NOUN
ajeer-3733	315	11	on	on	ADP
ajeer-3733	315	12	a	a	DET
ajeer-3733	315	13	counterfactual	counterfactual	ADJ
ajeer-3733	315	14	scenario	scenario	NOUN
ajeer-3733	315	15	of	of	ADP
ajeer-3733	315	16	the	the	DET
ajeer-3733	315	17	economic	economic	ADJ
ajeer-3733	315	18	impacts	impact	NOUN
ajeer-3733	315	19	of	of	ADP
ajeer-3733	315	20	the	the	DET
ajeer-3733	315	21	covid-19	covid-19	PROPN
ajeer-3733	315	22	pandemic	pandemic	NOUN
ajeer-3733	315	23	on	on	ADP
ajeer-3733	315	24	cambodia	cambodia	PROPN
ajeer-3733	315	25	.	.	PUNCT
ajeer-3733	316	1	we	we	PRON
ajeer-3733	316	2	hasten	hasten	VERB
ajeer-3733	316	3	to	to	PART
ajeer-3733	316	4	say	say	VERB
ajeer-3733	316	5	that	that	SCONJ
ajeer-3733	316	6	the	the	DET
ajeer-3733	316	7	scenario	scenario	NOUN
ajeer-3733	316	8	does	do	AUX
ajeer-3733	316	9	not	not	PART
ajeer-3733	316	10	represent	represent	VERB
ajeer-3733	316	11	official	official	ADJ
ajeer-3733	316	12	macroeconomic	macroeconomic	ADJ
ajeer-3733	316	13	projections	projection	NOUN
ajeer-3733	316	14	of	of	ADP
ajeer-3733	316	15	the	the	DET
ajeer-3733	316	16	imf	imf	PROPN
ajeer-3733	316	17	or	or	CCONJ
ajeer-3733	316	18	cambodian	cambodian	ADJ
ajeer-3733	316	19	authorities	authority	NOUN
ajeer-3733	316	20	and	and	CCONJ
ajeer-3733	316	21	was	be	AUX
ajeer-3733	316	22	designed	design	VERB
ajeer-3733	316	23	primarily	primarily	ADV
ajeer-3733	316	24	to	to	PART
ajeer-3733	316	25	showcase	showcase	VERB
ajeer-3733	316	26	the	the	DET
ajeer-3733	316	27	scenario	scenario	NOUN
ajeer-3733	316	28	-	-	PUNCT
ajeer-3733	316	29	making	make	VERB
ajeer-3733	316	30	and	and	CCONJ
ajeer-3733	316	31	reporting	report	VERB
ajeer-3733	316	32	capabilities	capability	NOUN
ajeer-3733	316	33	of	of	ADP
ajeer-3733	316	34	the	the	DET
ajeer-3733	316	35	model	model	NOUN
ajeer-3733	316	36	:	:	PUNCT
ajeer-3733	316	37	all	all	DET
ajeer-3733	316	38	judgmental	judgmental	ADJ
ajeer-3733	316	39	assumptions	assumption	NOUN
ajeer-3733	316	40	are	be	AUX
ajeer-3733	316	41	entirely	entirely	ADV
ajeer-3733	316	42	our	our	PRON
ajeer-3733	316	43	own	own	ADJ
ajeer-3733	316	44	.	.	PUNCT
ajeer-3733	317	1	indeed	indeed	ADV
ajeer-3733	317	2	,	,	PUNCT
ajeer-3733	317	3	the	the	DET
ajeer-3733	317	4	scenario	scenario	NOUN
ajeer-3733	317	5	paints	paint	VERB
ajeer-3733	317	6	a	a	DET
ajeer-3733	317	7	more	more	ADV
ajeer-3733	317	8	pessimistic	pessimistic	ADJ
ajeer-3733	317	9	picture	picture	NOUN
ajeer-3733	317	10	of	of	ADP
ajeer-3733	317	11	the	the	DET
ajeer-3733	317	12	pandemic	pandemic	NOUN
ajeer-3733	317	13	than	than	ADP
ajeer-3733	317	14	the	the	DET
ajeer-3733	317	15	april	april	PROPN
ajeer-3733	317	16	2020	2020	NUM
ajeer-3733	317	17	world	world	PROPN
ajeer-3733	317	18	economic	economic	ADJ
ajeer-3733	317	19	outlook	outlook	NOUN
ajeer-3733	317	20	(	(	PUNCT
ajeer-3733	317	21	weo	weo	PROPN
ajeer-3733	317	22	)	)	PUNCT
ajeer-3733	317	23	projection	projection	NOUN
ajeer-3733	317	24	for	for	ADP
ajeer-3733	317	25	cambodia	cambodia	PROPN
ajeer-3733	317	26	.	.	PUNCT
ajeer-3733	318	1	a.	a.	PROPN
ajeer-3733	318	2	scenario	scenario	PROPN
ajeer-3733	318	3	building	building	PROPN
ajeer-3733	318	4	and	and	CCONJ
ajeer-3733	318	5	assumptions	assumption	VERB
ajeer-3733	318	6	the	the	DET
ajeer-3733	318	7	analysis	analysis	NOUN
ajeer-3733	318	8	depends	depend	VERB
ajeer-3733	318	9	on	on	ADP
ajeer-3733	318	10	three	three	NUM
ajeer-3733	318	11	layers	layer	NOUN
ajeer-3733	318	12	of	of	ADP
ajeer-3733	318	13	assumptions	assumption	NOUN
ajeer-3733	318	14	:	:	PUNCT
ajeer-3733	318	15	(	(	PUNCT
ajeer-3733	318	16	1	1	X
ajeer-3733	318	17	)	)	PUNCT
ajeer-3733	318	18	a	a	DET
ajeer-3733	318	19	recession	recession	NOUN
ajeer-3733	318	20	in	in	ADP
ajeer-3733	318	21	its	its	PRON
ajeer-3733	318	22	trading	trading	NOUN
ajeer-3733	318	23	partners	partner	NOUN
ajeer-3733	318	24	affects	affect	VERB
ajeer-3733	318	25	demand	demand	NOUN
ajeer-3733	318	26	for	for	ADP
ajeer-3733	318	27	cambodia	cambodia	PROPN
ajeer-3733	318	28	’s	’s	PART
ajeer-3733	318	29	exports	export	NOUN
ajeer-3733	318	30	and	and	CCONJ
ajeer-3733	318	31	leads	lead	VERB
ajeer-3733	318	32	to	to	ADP
ajeer-3733	318	33	a	a	DET
ajeer-3733	318	34	collapse	collapse	NOUN
ajeer-3733	318	35	in	in	ADP
ajeer-3733	318	36	tourist	tourist	NOUN
ajeer-3733	318	37	arrivals	arrival	NOUN
ajeer-3733	318	38	;	;	PUNCT
ajeer-3733	318	39	(	(	PUNCT
ajeer-3733	318	40	2	2	X
ajeer-3733	318	41	)	)	PUNCT
ajeer-3733	318	42	a	a	DET
ajeer-3733	318	43	second	second	ADJ
ajeer-3733	318	44	-	-	PUNCT
ajeer-3733	318	45	round	round	NOUN
ajeer-3733	318	46	impact	impact	NOUN
ajeer-3733	318	47	on	on	ADP
ajeer-3733	318	48	domestic	domestic	ADJ
ajeer-3733	318	49	demand	demand	NOUN
ajeer-3733	318	50	and	and	CCONJ
ajeer-3733	318	51	supply	supply	NOUN
ajeer-3733	318	52	that	that	PRON
ajeer-3733	318	53	affects	affect	VERB
ajeer-3733	318	54	the	the	DET
ajeer-3733	318	55	country	country	NOUN
ajeer-3733	318	56	risk	risk	NOUN
ajeer-3733	318	57	premium	premium	NOUN
ajeer-3733	318	58	,	,	PUNCT
ajeer-3733	318	59	working	work	VERB
ajeer-3733	318	60	through	through	ADP
ajeer-3733	318	61	the	the	DET
ajeer-3733	318	62	expectations	expectation	NOUN
ajeer-3733	318	63	channel	channel	NOUN
ajeer-3733	318	64	;	;	PUNCT
ajeer-3733	318	65	and	and	CCONJ
ajeer-3733	318	66	(	(	PUNCT
ajeer-3733	318	67	3	3	X
ajeer-3733	318	68	)	)	PUNCT
ajeer-3733	318	69	a	a	DET
ajeer-3733	318	70	fiscal	fiscal	ADJ
ajeer-3733	318	71	response	response	NOUN
ajeer-3733	318	72	as	as	SCONJ
ajeer-3733	318	73	the	the	DET
ajeer-3733	318	74	government	government	NOUN
ajeer-3733	318	75	introduces	introduce	VERB
ajeer-3733	318	76	a	a	DET
ajeer-3733	318	77	fiscal	fiscal	ADJ
ajeer-3733	318	78	stimulus	stimulus	NOUN
ajeer-3733	318	79	to	to	PART
ajeer-3733	318	80	mitigate	mitigate	VERB
ajeer-3733	318	81	the	the	DET
ajeer-3733	318	82	impact	impact	NOUN
ajeer-3733	318	83	of	of	ADP
ajeer-3733	318	84	the	the	DET
ajeer-3733	318	85	previous	previous	ADJ
ajeer-3733	318	86	two	two	NUM
ajeer-3733	318	87	layers	layer	NOUN
ajeer-3733	318	88	.	.	PUNCT
ajeer-3733	319	1	the	the	DET
ajeer-3733	319	2	scenario	scenario	NOUN
ajeer-3733	319	3	is	be	AUX
ajeer-3733	319	4	then	then	ADV
ajeer-3733	319	5	compared	compare	VERB
ajeer-3733	319	6	with	with	ADP
ajeer-3733	319	7	the	the	DET
ajeer-3733	319	8	baseline	baseline	NOUN
ajeer-3733	319	9	built	build	VERB
ajeer-3733	319	10	around	around	ADP
ajeer-3733	319	11	the	the	DET
ajeer-3733	319	12	pre	pre	ADJ
ajeer-3733	319	13	-	-	ADJ
ajeer-3733	319	14	covid-19	covid-19	ADJ
ajeer-3733	319	15	weo	weo	NOUN
ajeer-3733	319	16	growth	growth	NOUN
ajeer-3733	319	17	projection	projection	NOUN
ajeer-3733	319	18	.	.	PUNCT
ajeer-3733	320	1	figure	figure	NOUN
ajeer-3733	320	2	10	10	NUM
ajeer-3733	320	3	.	.	PUNCT
ajeer-3733	321	1	simulation	simulation	NOUN
ajeer-3733	321	2	results	result	NOUN
ajeer-3733	321	3	,	,	PUNCT
ajeer-3733	321	4	2020–30	2020–30	NUM
ajeer-3733	321	5	.	.	PUNCT
ajeer-3733	322	1	notes	note	VERB
ajeer-3733	322	2	:	:	PUNCT
ajeer-3733	322	3	the	the	DET
ajeer-3733	322	4	blue	blue	ADJ
ajeer-3733	322	5	line	line	NOUN
ajeer-3733	322	6	(	(	PUNCT
ajeer-3733	322	7	0	0	X
ajeer-3733	322	8	)	)	PUNCT
ajeer-3733	322	9	denotes	denote	VERB
ajeer-3733	322	10	the	the	DET
ajeer-3733	322	11	simulation	simulation	NOUN
ajeer-3733	322	12	based	base	VERB
ajeer-3733	322	13	on	on	ADP
ajeer-3733	322	14	initial	initial	ADJ
ajeer-3733	322	15	pre	pre	ADJ
ajeer-3733	322	16	-	-	ADJ
ajeer-3733	322	17	pandemic	pandemic	ADJ
ajeer-3733	322	18	conditions	condition	NOUN
ajeer-3733	322	19	.	.	PUNCT
ajeer-3733	323	1	the	the	DET
ajeer-3733	323	2	red	red	ADJ
ajeer-3733	323	3	(	(	PUNCT
ajeer-3733	323	4	1	1	NUM
ajeer-3733	323	5	)	)	PUNCT
ajeer-3733	323	6	,	,	PUNCT
ajeer-3733	323	7	yellow	yellow	ADJ
ajeer-3733	323	8	(	(	PUNCT
ajeer-3733	323	9	2	2	NUM
ajeer-3733	323	10	)	)	PUNCT
ajeer-3733	323	11	,	,	PUNCT
ajeer-3733	323	12	and	and	CCONJ
ajeer-3733	323	13	purple	purple	ADJ
ajeer-3733	323	14	(	(	PUNCT
ajeer-3733	323	15	3	3	X
ajeer-3733	323	16	)	)	PUNCT
ajeer-3733	323	17	lines	line	NOUN
ajeer-3733	323	18	denote	denote	VERB
ajeer-3733	323	19	the	the	DET
ajeer-3733	323	20	layers	layer	NOUN
ajeer-3733	323	21	of	of	ADP
ajeer-3733	323	22	assumptions	assumption	NOUN
ajeer-3733	323	23	described	describe	VERB
ajeer-3733	323	24	in	in	ADP
ajeer-3733	323	25	the	the	DET
ajeer-3733	323	26	text	text	NOUN
ajeer-3733	323	27	.	.	PUNCT
ajeer-3733	324	1	source	source	NOUN
ajeer-3733	324	2	:	:	PUNCT
ajeer-3733	324	3	camfi	camfi	NOUN
ajeer-3733	324	4	,	,	PUNCT
ajeer-3733	324	5	authors	author	NOUN
ajeer-3733	324	6	’	’	PART
ajeer-3733	324	7	simulations	simulation	NOUN
ajeer-3733	324	8	.	.	PUNCT
ajeer-3733	325	1	asian	asian	ADJ
ajeer-3733	325	2	journal	journal	PROPN
ajeer-3733	325	3	of	of	ADP
ajeer-3733	325	4	economics	economic	NOUN
ajeer-3733	325	5	and	and	CCONJ
ajeer-3733	325	6	empirical	empirical	ADJ
ajeer-3733	325	7	research	research	NOUN
ajeer-3733	325	8	,	,	PUNCT
ajeer-3733	325	9	2022	2022	NUM
ajeer-3733	325	10	,	,	PUNCT
ajeer-3733	325	11	9(1	9(1	NUM
ajeer-3733	325	12	):	):	PUNCT
ajeer-3733	325	13	21	21	NUM
ajeer-3733	325	14	-	-	SYM
ajeer-3733	325	15	37	37	NUM
ajeer-3733	325	16	33	33	NUM
ajeer-3733	325	17	©	©	PROPN
ajeer-3733	325	18	2022	2022	NUM
ajeer-3733	325	19	by	by	ADP
ajeer-3733	325	20	the	the	DET
ajeer-3733	325	21	authors	author	NOUN
ajeer-3733	325	22	;	;	PUNCT
ajeer-3733	325	23	licensee	licensee	PROPN
ajeer-3733	325	24	asian	asian	ADJ
ajeer-3733	325	25	online	online	PROPN
ajeer-3733	325	26	journal	journal	PROPN
ajeer-3733	325	27	publishing	publishing	NOUN
ajeer-3733	325	28	group	group	NOUN
ajeer-3733	325	29	for	for	ADP
ajeer-3733	325	30	the	the	DET
ajeer-3733	325	31	first	first	ADJ
ajeer-3733	325	32	layer	layer	NOUN
ajeer-3733	325	33	,	,	PUNCT
ajeer-3733	325	34	it	it	PRON
ajeer-3733	325	35	is	be	AUX
ajeer-3733	325	36	assumed	assume	VERB
ajeer-3733	325	37	that	that	SCONJ
ajeer-3733	325	38	economic	economic	ADJ
ajeer-3733	325	39	activity	activity	NOUN
ajeer-3733	325	40	declines	decline	VERB
ajeer-3733	325	41	significantly	significantly	ADV
ajeer-3733	325	42	in	in	ADP
ajeer-3733	325	43	france	france	PROPN
ajeer-3733	325	44	,	,	PUNCT
ajeer-3733	325	45	germany	germany	PROPN
ajeer-3733	325	46	,	,	PUNCT
ajeer-3733	325	47	the	the	DET
ajeer-3733	325	48	us	us	PROPN
ajeer-3733	325	49	,	,	PUNCT
ajeer-3733	325	50	and	and	CCONJ
ajeer-3733	325	51	the	the	DET
ajeer-3733	325	52	uk	uk	PROPN
ajeer-3733	325	53	(	(	PUNCT
ajeer-3733	325	54	figure	figure	NOUN
ajeer-3733	325	55	10	10	NUM
ajeer-3733	325	56	)	)	PUNCT
ajeer-3733	325	57	.	.	PUNCT
ajeer-3733	326	1	we	we	PRON
ajeer-3733	326	2	also	also	ADV
ajeer-3733	326	3	assume	assume	VERB
ajeer-3733	326	4	that	that	SCONJ
ajeer-3733	326	5	the	the	DET
ajeer-3733	326	6	us	us	PROPN
ajeer-3733	326	7	federal	federal	PROPN
ajeer-3733	326	8	reserve	reserve	PROPN
ajeer-3733	326	9	system	system	NOUN
ajeer-3733	326	10	keeps	keep	VERB
ajeer-3733	326	11	the	the	DET
ajeer-3733	326	12	policy	policy	NOUN
ajeer-3733	326	13	rate	rate	NOUN
ajeer-3733	326	14	at	at	ADP
ajeer-3733	326	15	or	or	CCONJ
ajeer-3733	326	16	near	near	ADP
ajeer-3733	326	17	zero	zero	NUM
ajeer-3733	326	18	in	in	ADP
ajeer-3733	326	19	2020	2020	NUM
ajeer-3733	326	20	and	and	CCONJ
ajeer-3733	326	21	2021	2021	NUM
ajeer-3733	326	22	before	before	ADP
ajeer-3733	326	23	gradually	gradually	ADV
ajeer-3733	326	24	lifting	lift	VERB
ajeer-3733	326	25	it	it	PRON
ajeer-3733	326	26	toward	toward	ADP
ajeer-3733	326	27	its	its	PRON
ajeer-3733	326	28	neutral	neutral	ADJ
ajeer-3733	326	29	level	level	NOUN
ajeer-3733	326	30	of	of	ADP
ajeer-3733	326	31	about	about	ADV
ajeer-3733	326	32	1	1	NUM
ajeer-3733	326	33	percent	percent	NOUN
ajeer-3733	326	34	.	.	PUNCT
ajeer-3733	327	1	oil	oil	NOUN
ajeer-3733	327	2	prices	price	NOUN
ajeer-3733	327	3	plunge	plunge	VERB
ajeer-3733	327	4	in	in	ADP
ajeer-3733	327	5	2020	2020	NUM
ajeer-3733	327	6	and	and	CCONJ
ajeer-3733	327	7	are	be	AUX
ajeer-3733	327	8	assumed	assume	VERB
ajeer-3733	327	9	to	to	PART
ajeer-3733	327	10	recover	recover	VERB
ajeer-3733	327	11	only	only	ADV
ajeer-3733	327	12	slightly	slightly	ADV
ajeer-3733	327	13	in	in	ADP
ajeer-3733	327	14	2021	2021	NUM
ajeer-3733	327	15	.	.	PUNCT
ajeer-3733	328	1	the	the	DET
ajeer-3733	328	2	second	second	ADJ
ajeer-3733	328	3	layer	layer	NOUN
ajeer-3733	328	4	captures	capture	VERB
ajeer-3733	328	5	a	a	DET
ajeer-3733	328	6	decline	decline	NOUN
ajeer-3733	328	7	in	in	ADP
ajeer-3733	328	8	domestic	domestic	ADJ
ajeer-3733	328	9	demand	demand	NOUN
ajeer-3733	328	10	,	,	PUNCT
ajeer-3733	328	11	driven	drive	VERB
ajeer-3733	328	12	by	by	ADP
ajeer-3733	328	13	the	the	DET
ajeer-3733	328	14	drop	drop	NOUN
ajeer-3733	328	15	in	in	ADP
ajeer-3733	328	16	private	private	ADJ
ajeer-3733	328	17	consumption	consumption	NOUN
ajeer-3733	328	18	and	and	CCONJ
ajeer-3733	328	19	investment	investment	NOUN
ajeer-3733	328	20	as	as	SCONJ
ajeer-3733	328	21	domestic	domestic	ADJ
ajeer-3733	328	22	agents	agent	NOUN
ajeer-3733	328	23	start	start	VERB
ajeer-3733	328	24	to	to	PART
ajeer-3733	328	25	expect	expect	VERB
ajeer-3733	328	26	a	a	DET
ajeer-3733	328	27	global	global	ADJ
ajeer-3733	328	28	recession	recession	NOUN
ajeer-3733	328	29	.	.	PUNCT
ajeer-3733	329	1	analyses	analysis	NOUN
ajeer-3733	329	2	of	of	ADP
ajeer-3733	329	3	the	the	DET
ajeer-3733	329	4	cambodia	cambodia	PROPN
ajeer-3733	329	5	national	national	PROPN
ajeer-3733	329	6	account	account	PROPN
ajeer-3733	329	7	data	data	PROPN
ajeer-3733	329	8	,	,	PUNCT
ajeer-3733	329	9	input	input	NOUN
ajeer-3733	329	10	-	-	PUNCT
ajeer-3733	329	11	output	output	NOUN
ajeer-3733	329	12	tables	table	NOUN
ajeer-3733	329	13	,	,	PUNCT
ajeer-3733	329	14	and	and	CCONJ
ajeer-3733	329	15	the	the	DET
ajeer-3733	329	16	gfc	gfc	NOUN
ajeer-3733	329	17	experience	experience	NOUN
ajeer-3733	329	18	suggest	suggest	VERB
ajeer-3733	329	19	that	that	SCONJ
ajeer-3733	329	20	domestic	domestic	ADJ
ajeer-3733	329	21	demand	demand	NOUN
ajeer-3733	329	22	could	could	AUX
ajeer-3733	329	23	drop	drop	VERB
ajeer-3733	329	24	by	by	ADP
ajeer-3733	329	25	cumulative	cumulative	ADJ
ajeer-3733	329	26	2	2	NUM
ajeer-3733	329	27	percentage	percentage	NOUN
ajeer-3733	329	28	points	point	NOUN
ajeer-3733	329	29	in	in	ADP
ajeer-3733	329	30	2020	2020	NUM
ajeer-3733	329	31	-	-	SYM
ajeer-3733	329	32	1	1	NUM
ajeer-3733	329	33	,	,	PUNCT
ajeer-3733	329	34	and	and	CCONJ
ajeer-3733	329	35	the	the	DET
ajeer-3733	329	36	country	country	NOUN
ajeer-3733	329	37	risk	risk	NOUN
ajeer-3733	329	38	premium	premium	NOUN
ajeer-3733	329	39	could	could	AUX
ajeer-3733	329	40	stay	stay	VERB
ajeer-3733	329	41	higher	high	ADJ
ajeer-3733	329	42	by	by	ADP
ajeer-3733	329	43	200	200	NUM
ajeer-3733	329	44	bps	bps	NOUN
ajeer-3733	329	45	in	in	ADP
ajeer-3733	329	46	2020	2020	NUM
ajeer-3733	329	47	-	-	SYM
ajeer-3733	329	48	1	1	NUM
ajeer-3733	329	49	due	due	ADP
ajeer-3733	329	50	to	to	ADP
ajeer-3733	329	51	tighter	tight	ADJ
ajeer-3733	329	52	global	global	ADJ
ajeer-3733	329	53	financial	financial	ADJ
ajeer-3733	329	54	conditions	condition	NOUN
ajeer-3733	329	55	for	for	ADP
ajeer-3733	329	56	emerging	emerge	VERB
ajeer-3733	329	57	market	market	NOUN
ajeer-3733	329	58	economies	economy	NOUN
ajeer-3733	329	59	.	.	PUNCT
ajeer-3733	330	1	food	food	NOUN
ajeer-3733	330	2	prices	price	NOUN
ajeer-3733	330	3	increase	increase	VERB
ajeer-3733	330	4	as	as	ADP
ajeer-3733	330	5	pre	pre	ADJ
ajeer-3733	330	6	-	-	NOUN
ajeer-3733	330	7	crisis	crisis	ADJ
ajeer-3733	330	8	food	food	NOUN
ajeer-3733	330	9	supply	supply	NOUN
ajeer-3733	330	10	channels	channel	NOUN
ajeer-3733	330	11	are	be	AUX
ajeer-3733	330	12	interrupted	interrupt	VERB
ajeer-3733	330	13	.	.	PUNCT
ajeer-3733	331	1	the	the	DET
ajeer-3733	331	2	initial	initial	ADJ
ajeer-3733	331	3	covid-19	covid-19	PROPN
ajeer-3733	331	4	shock	shock	NOUN
ajeer-3733	331	5	is	be	AUX
ajeer-3733	331	6	,	,	PUNCT
ajeer-3733	331	7	of	of	ADP
ajeer-3733	331	8	course	course	NOUN
ajeer-3733	331	9	,	,	PUNCT
ajeer-3733	331	10	not	not	PART
ajeer-3733	331	11	anticipated	anticipate	VERB
ajeer-3733	331	12	by	by	ADP
ajeer-3733	331	13	domestic	domestic	ADJ
ajeer-3733	331	14	agents	agent	NOUN
ajeer-3733	331	15	.	.	PUNCT
ajeer-3733	332	1	in	in	ADP
ajeer-3733	332	2	the	the	DET
ajeer-3733	332	3	second	second	ADJ
ajeer-3733	332	4	layer	layer	NOUN
ajeer-3733	332	5	,	,	PUNCT
ajeer-3733	332	6	we	we	PRON
ajeer-3733	332	7	also	also	ADV
ajeer-3733	332	8	make	make	VERB
ajeer-3733	332	9	a	a	DET
ajeer-3733	332	10	judgment	judgment	NOUN
ajeer-3733	332	11	call	call	NOUN
ajeer-3733	332	12	about	about	ADP
ajeer-3733	332	13	the	the	DET
ajeer-3733	332	14	medium	medium	ADJ
ajeer-3733	332	15	-	-	PUNCT
ajeer-3733	332	16	term	term	NOUN
ajeer-3733	332	17	supply	supply	NOUN
ajeer-3733	332	18	-	-	PUNCT
ajeer-3733	332	19	side	side	NOUN
ajeer-3733	332	20	disruptions	disruption	NOUN
ajeer-3733	332	21	caused	cause	VERB
ajeer-3733	332	22	by	by	ADP
ajeer-3733	332	23	the	the	DET
ajeer-3733	332	24	pandemic	pandemic	NOUN
ajeer-3733	332	25	.	.	PUNCT
ajeer-3733	333	1	tourism	tourism	NOUN
ajeer-3733	333	2	travel	travel	NOUN
ajeer-3733	333	3	restrictions	restriction	NOUN
ajeer-3733	333	4	extending	extend	VERB
ajeer-3733	333	5	into	into	ADP
ajeer-3733	333	6	2021	2021	NUM
ajeer-3733	333	7	,	,	PUNCT
ajeer-3733	333	8	or	or	CCONJ
ajeer-3733	333	9	even	even	ADV
ajeer-3733	333	10	2022	2022	NUM
ajeer-3733	333	11	,	,	PUNCT
ajeer-3733	333	12	and	and	CCONJ
ajeer-3733	333	13	a	a	DET
ajeer-3733	333	14	sustained	sustained	ADJ
ajeer-3733	333	15	decline	decline	NOUN
ajeer-3733	333	16	in	in	ADP
ajeer-3733	333	17	demand	demand	NOUN
ajeer-3733	333	18	for	for	ADP
ajeer-3733	333	19	cambodian	cambodian	ADJ
ajeer-3733	333	20	export	export	NOUN
ajeer-3733	333	21	goods	good	NOUN
ajeer-3733	333	22	are	be	AUX
ajeer-3733	333	23	likely	likely	ADJ
ajeer-3733	333	24	to	to	PART
ajeer-3733	333	25	slow	slow	VERB
ajeer-3733	333	26	investment	investment	NOUN
ajeer-3733	333	27	in	in	ADP
ajeer-3733	333	28	both	both	CCONJ
ajeer-3733	333	29	physical	physical	ADJ
ajeer-3733	333	30	and	and	CCONJ
ajeer-3733	333	31	human	human	ADJ
ajeer-3733	333	32	capital	capital	NOUN
ajeer-3733	333	33	.	.	PUNCT
ajeer-3733	334	1	the	the	DET
ajeer-3733	334	2	corresponding	corresponding	ADJ
ajeer-3733	334	3	slowdown	slowdown	NOUN
ajeer-3733	334	4	in	in	ADP
ajeer-3733	334	5	productivity	productivity	NOUN
ajeer-3733	334	6	growth	growth	NOUN
ajeer-3733	334	7	and	and	CCONJ
ajeer-3733	334	8	disruptions	disruption	NOUN
ajeer-3733	334	9	in	in	ADP
ajeer-3733	334	10	the	the	DET
ajeer-3733	334	11	supply	supply	NOUN
ajeer-3733	334	12	chains	chain	NOUN
ajeer-3733	334	13	would	would	AUX
ajeer-3733	334	14	suppress	suppress	VERB
ajeer-3733	334	15	potential	potential	ADJ
ajeer-3733	334	16	gdp	gdp	NOUN
ajeer-3733	334	17	growth	growth	NOUN
ajeer-3733	334	18	for	for	ADP
ajeer-3733	334	19	some	some	DET
ajeer-3733	334	20	time	time	NOUN
ajeer-3733	334	21	.	.	PUNCT
ajeer-3733	335	1	compared	compare	VERB
ajeer-3733	335	2	to	to	ADP
ajeer-3733	335	3	the	the	DET
ajeer-3733	335	4	steady	steady	ADJ
ajeer-3733	335	5	state	state	NOUN
ajeer-3733	335	6	,	,	PUNCT
ajeer-3733	335	7	we	we	PRON
ajeer-3733	335	8	therefore	therefore	ADV
ajeer-3733	335	9	envisage	envisage	VERB
ajeer-3733	335	10	a	a	DET
ajeer-3733	335	11	scenario	scenario	NOUN
ajeer-3733	335	12	of	of	ADP
ajeer-3733	335	13	cuts	cut	NOUN
ajeer-3733	335	14	of	of	ADP
ajeer-3733	335	15	4.5	4.5	NUM
ajeer-3733	335	16	in	in	ADP
ajeer-3733	335	17	potential	potential	ADJ
ajeer-3733	335	18	gdp	gdp	NOUN
ajeer-3733	335	19	growth	growth	NOUN
ajeer-3733	335	20	in	in	ADP
ajeer-3733	335	21	2020	2020	NUM
ajeer-3733	335	22	and	and	CCONJ
ajeer-3733	335	23	3.5	3.5	NUM
ajeer-3733	335	24	percentage	percentage	NOUN
ajeer-3733	335	25	points	point	NOUN
ajeer-3733	335	26	in	in	ADP
ajeer-3733	335	27	2021	2021	NUM
ajeer-3733	335	28	,	,	PUNCT
ajeer-3733	335	29	which	which	PRON
ajeer-3733	335	30	would	would	AUX
ajeer-3733	335	31	only	only	ADV
ajeer-3733	335	32	fully	fully	ADV
ajeer-3733	335	33	dissipate	dissipate	VERB
ajeer-3733	335	34	by	by	ADP
ajeer-3733	335	35	2024.14	2024.14	NUM
ajeer-3733	335	36	the	the	DET
ajeer-3733	335	37	judgment	judgment	NOUN
ajeer-3733	335	38	call	call	NOUN
ajeer-3733	335	39	was	be	AUX
ajeer-3733	335	40	guided	guide	VERB
ajeer-3733	335	41	by	by	ADP
ajeer-3733	335	42	the	the	DET
ajeer-3733	335	43	estimated	estimate	VERB
ajeer-3733	335	44	decline	decline	NOUN
ajeer-3733	335	45	in	in	ADP
ajeer-3733	335	46	the	the	DET
ajeer-3733	335	47	natural	natural	ADJ
ajeer-3733	335	48	rate	rate	NOUN
ajeer-3733	335	49	of	of	ADP
ajeer-3733	335	50	interest	interest	NOUN
ajeer-3733	335	51	in	in	ADP
ajeer-3733	335	52	past	past	ADJ
ajeer-3733	335	53	pandemics	pandemic	NOUN
ajeer-3733	335	54	(	(	PUNCT
ajeer-3733	335	55	jordà	jordà	PROPN
ajeer-3733	335	56	,	,	PUNCT
ajeer-3733	335	57	singh	singh	PROPN
ajeer-3733	335	58	,	,	PUNCT
ajeer-3733	335	59	&	&	CCONJ
ajeer-3733	335	60	taylor	taylor	PROPN
ajeer-3733	335	61	,	,	PUNCT
ajeer-3733	335	62	2020	2020	NUM
ajeer-3733	335	63	)	)	PUNCT
ajeer-3733	335	64	and	and	CCONJ
ajeer-3733	335	65	the	the	DET
ajeer-3733	335	66	penn	penn	PROPN
ajeer-3733	335	67	wharton	wharton	PROPN
ajeer-3733	335	68	model	model	PROPN
ajeer-3733	335	69	estimates	estimate	NOUN
ajeer-3733	335	70	of	of	ADP
ajeer-3733	335	71	the	the	DET
ajeer-3733	335	72	lasting	last	VERB
ajeer-3733	335	73	macroeconomic	macroeconomic	ADJ
ajeer-3733	335	74	impacts	impact	NOUN
ajeer-3733	335	75	of	of	ADP
ajeer-3733	335	76	the	the	DET
ajeer-3733	335	77	coronavirus	coronavirus	NOUN
ajeer-3733	335	78	on	on	ADP
ajeer-3733	335	79	the	the	DET
ajeer-3733	335	80	us	us	PROPN
ajeer-3733	335	81	(	(	PUNCT
ajeer-3733	335	82	dinerstein	dinerstein	PROPN
ajeer-3733	335	83	&	&	CCONJ
ajeer-3733	335	84	huntley	huntley	PROPN
ajeer-3733	335	85	,	,	PUNCT
ajeer-3733	335	86	2020	2020	NUM
ajeer-3733	335	87	)	)	PUNCT
ajeer-3733	335	88	and	and	CCONJ
ajeer-3733	335	89	emerging	emerge	VERB
ajeer-3733	335	90	market	market	NOUN
ajeer-3733	335	91	economies	economy	NOUN
ajeer-3733	335	92	(	(	PUNCT
ajeer-3733	335	93	s&p	s&p	PROPN
ajeer-3733	335	94	global	global	ADJ
ajeer-3733	335	95	ratings	rating	NOUN
ajeer-3733	335	96	,	,	PUNCT
ajeer-3733	335	97	2020	2020	NUM
ajeer-3733	335	98	)	)	PUNCT
ajeer-3733	335	99	.	.	PUNCT
ajeer-3733	336	1	the	the	DET
ajeer-3733	336	2	third	third	ADJ
ajeer-3733	336	3	layer	layer	NOUN
ajeer-3733	336	4	of	of	ADP
ajeer-3733	336	5	the	the	DET
ajeer-3733	336	6	covid-19	covid-19	PROPN
ajeer-3733	336	7	scenario	scenario	NOUN
ajeer-3733	336	8	captures	capture	VERB
ajeer-3733	336	9	the	the	DET
ajeer-3733	336	10	impact	impact	NOUN
ajeer-3733	336	11	of	of	ADP
ajeer-3733	336	12	a	a	DET
ajeer-3733	336	13	possible	possible	ADJ
ajeer-3733	336	14	discretionary	discretionary	ADJ
ajeer-3733	336	15	fiscal	fiscal	ADJ
ajeer-3733	336	16	response	response	NOUN
ajeer-3733	336	17	.	.	PUNCT
ajeer-3733	337	1	specifically	specifically	ADV
ajeer-3733	337	2	,	,	PUNCT
ajeer-3733	337	3	our	our	PRON
ajeer-3733	337	4	scenario	scenario	NOUN
ajeer-3733	337	5	assumes	assume	VERB
ajeer-3733	337	6	that	that	SCONJ
ajeer-3733	337	7	the	the	DET
ajeer-3733	337	8	public	public	ADJ
ajeer-3733	337	9	debt	debt	NOUN
ajeer-3733	337	10	target	target	NOUN
ajeer-3733	337	11	temporarily	temporarily	ADV
ajeer-3733	337	12	goes	go	VERB
ajeer-3733	337	13	up	up	ADP
ajeer-3733	337	14	by	by	ADP
ajeer-3733	337	15	5	5	NUM
ajeer-3733	337	16	percentage	percentage	NOUN
ajeer-3733	337	17	points	point	NOUN
ajeer-3733	337	18	in	in	ADP
ajeer-3733	337	19	2020	2020	NUM
ajeer-3733	337	20	and	and	CCONJ
ajeer-3733	337	21	only	only	ADV
ajeer-3733	337	22	gradually	gradually	ADV
ajeer-3733	337	23	returns	return	VERB
ajeer-3733	337	24	to	to	ADP
ajeer-3733	337	25	the	the	DET
ajeer-3733	337	26	original	original	ADJ
ajeer-3733	337	27	level	level	NOUN
ajeer-3733	337	28	.	.	PUNCT
ajeer-3733	338	1	in	in	ADP
ajeer-3733	338	2	the	the	DET
ajeer-3733	338	3	model	model	NOUN
ajeer-3733	338	4	,	,	PUNCT
ajeer-3733	338	5	the	the	DET
ajeer-3733	338	6	agents	agent	NOUN
ajeer-3733	338	7	fully	fully	ADV
ajeer-3733	338	8	anticipate	anticipate	VERB
ajeer-3733	338	9	the	the	DET
ajeer-3733	338	10	fiscal	fiscal	ADJ
ajeer-3733	338	11	response	response	NOUN
ajeer-3733	338	12	:	:	PUNCT
ajeer-3733	338	13	the	the	DET
ajeer-3733	338	14	authorities	authority	NOUN
ajeer-3733	338	15	and	and	CCONJ
ajeer-3733	338	16	private	private	ADJ
ajeer-3733	338	17	agents	agent	NOUN
ajeer-3733	338	18	share	share	VERB
ajeer-3733	338	19	the	the	DET
ajeer-3733	338	20	same	same	ADJ
ajeer-3733	338	21	information	information	NOUN
ajeer-3733	338	22	.	.	PUNCT
ajeer-3733	339	1	b.	b.	PROPN
ajeer-3733	340	1	the	the	DET
ajeer-3733	340	2	results	result	NOUN
ajeer-3733	340	3	the	the	DET
ajeer-3733	340	4	simulation	simulation	NOUN
ajeer-3733	340	5	results	result	VERB
ajeer-3733	340	6	from	from	ADP
ajeer-3733	340	7	the	the	DET
ajeer-3733	340	8	counterfactual	counterfactual	ADJ
ajeer-3733	340	9	scenario	scenario	NOUN
ajeer-3733	340	10	suggest	suggest	VERB
ajeer-3733	340	11	a	a	DET
ajeer-3733	340	12	deep	deep	ADJ
ajeer-3733	340	13	recession	recession	NOUN
ajeer-3733	340	14	in	in	ADP
ajeer-3733	340	15	2020	2020	NUM
ajeer-3733	340	16	before	before	ADP
ajeer-3733	340	17	a	a	DET
ajeer-3733	340	18	gradual	gradual	ADJ
ajeer-3733	340	19	recovery	recovery	NOUN
ajeer-3733	340	20	starting	start	VERB
ajeer-3733	340	21	in	in	ADP
ajeer-3733	340	22	2021	2021	NUM
ajeer-3733	340	23	.	.	PUNCT
ajeer-3733	341	1	as	as	SCONJ
ajeer-3733	341	2	shown	show	VERB
ajeer-3733	341	3	in	in	ADP
ajeer-3733	341	4	the	the	DET
ajeer-3733	341	5	third	third	ADJ
ajeer-3733	341	6	chart	chart	NOUN
ajeer-3733	341	7	in	in	ADP
ajeer-3733	341	8	figure	figure	NOUN
ajeer-3733	341	9	10	10	NUM
ajeer-3733	341	10	,	,	PUNCT
ajeer-3733	341	11	in	in	ADP
ajeer-3733	341	12	the	the	DET
ajeer-3733	341	13	first	first	ADJ
ajeer-3733	341	14	layer	layer	NOUN
ajeer-3733	341	15	,	,	PUNCT
ajeer-3733	341	16	the	the	DET
ajeer-3733	341	17	recession	recession	NOUN
ajeer-3733	341	18	in	in	ADP
ajeer-3733	341	19	advanced	advanced	ADJ
ajeer-3733	341	20	economies	economy	NOUN
ajeer-3733	341	21	could	could	AUX
ajeer-3733	341	22	bring	bring	VERB
ajeer-3733	341	23	cambodia	cambodia	PROPN
ajeer-3733	341	24	’s	’s	PART
ajeer-3733	341	25	growth	growth	NOUN
ajeer-3733	341	26	down	down	ADP
ajeer-3733	341	27	to	to	ADP
ajeer-3733	341	28	–	–	PUNCT
ajeer-3733	341	29	1¼	1¼	NUM
ajeer-3733	341	30	percent	percent	NOUN
ajeer-3733	341	31	in	in	ADP
ajeer-3733	341	32	2020	2020	NUM
ajeer-3733	341	33	,	,	PUNCT
ajeer-3733	341	34	compared	compare	VERB
ajeer-3733	341	35	to	to	ADP
ajeer-3733	341	36	the	the	DET
ajeer-3733	341	37	baseline	baseline	PROPN
ajeer-3733	341	38	projection	projection	NOUN
ajeer-3733	341	39	of	of	ADP
ajeer-3733	341	40	6	6	NUM
ajeer-3733	341	41	percent	percent	NOUN
ajeer-3733	341	42	.	.	PUNCT
ajeer-3733	342	1	in	in	ADP
ajeer-3733	342	2	the	the	DET
ajeer-3733	342	3	second	second	ADJ
ajeer-3733	342	4	layer	layer	NOUN
ajeer-3733	342	5	,	,	PUNCT
ajeer-3733	342	6	domestic	domestic	ADJ
ajeer-3733	342	7	demand	demand	NOUN
ajeer-3733	342	8	slows	slow	VERB
ajeer-3733	342	9	economic	economic	ADJ
ajeer-3733	342	10	growth	growth	NOUN
ajeer-3733	342	11	to	to	ADP
ajeer-3733	342	12	–	–	PUNCT
ajeer-3733	342	13	8¼	8¼	NUM
ajeer-3733	342	14	percent	percent	NOUN
ajeer-3733	342	15	.	.	PUNCT
ajeer-3733	343	1	headline	headline	NOUN
ajeer-3733	343	2	inflation	inflation	NOUN
ajeer-3733	343	3	is	be	AUX
ajeer-3733	343	4	projected	project	VERB
ajeer-3733	343	5	to	to	PART
ajeer-3733	343	6	decline	decline	VERB
ajeer-3733	343	7	slightly	slightly	ADV
ajeer-3733	343	8	because	because	SCONJ
ajeer-3733	343	9	of	of	ADP
ajeer-3733	343	10	slackening	slacken	VERB
ajeer-3733	343	11	in	in	ADP
ajeer-3733	343	12	the	the	DET
ajeer-3733	343	13	economy	economy	NOUN
ajeer-3733	343	14	and	and	CCONJ
ajeer-3733	343	15	lower	low	ADJ
ajeer-3733	343	16	oil	oil	NOUN
ajeer-3733	343	17	prices	price	NOUN
ajeer-3733	343	18	.	.	PUNCT
ajeer-3733	344	1	these	these	DET
ajeer-3733	344	2	two	two	NUM
ajeer-3733	344	3	factors	factor	NOUN
ajeer-3733	344	4	offset	offset	VERB
ajeer-3733	344	5	the	the	DET
ajeer-3733	344	6	4percentage	4percentage	NUM
ajeer-3733	344	7	point	point	NOUN
ajeer-3733	344	8	increase	increase	NOUN
ajeer-3733	344	9	in	in	ADP
ajeer-3733	344	10	domestic	domestic	ADJ
ajeer-3733	344	11	food	food	NOUN
ajeer-3733	344	12	prices	price	NOUN
ajeer-3733	344	13	due	due	ADJ
ajeer-3733	344	14	to	to	ADP
ajeer-3733	344	15	supply	supply	NOUN
ajeer-3733	344	16	channel	channel	NOUN
ajeer-3733	344	17	interruptions	interruption	NOUN
ajeer-3733	344	18	and	and	CCONJ
ajeer-3733	344	19	the	the	DET
ajeer-3733	344	20	resulting	result	VERB
ajeer-3733	344	21	hoarding	hoarding	NOUN
ajeer-3733	344	22	of	of	ADP
ajeer-3733	344	23	food	food	NOUN
ajeer-3733	344	24	.	.	PUNCT
ajeer-3733	345	1	in	in	ADP
ajeer-3733	345	2	the	the	DET
ajeer-3733	345	3	third	third	ADJ
ajeer-3733	345	4	layer	layer	NOUN
ajeer-3733	345	5	of	of	ADP
ajeer-3733	345	6	the	the	DET
ajeer-3733	345	7	scenario	scenario	NOUN
ajeer-3733	345	8	,	,	PUNCT
ajeer-3733	345	9	we	we	PRON
ajeer-3733	345	10	expect	expect	VERB
ajeer-3733	345	11	the	the	DET
ajeer-3733	345	12	fiscal	fiscal	ADJ
ajeer-3733	345	13	stimulus	stimulus	NOUN
ajeer-3733	345	14	to	to	PART
ajeer-3733	345	15	boost	boost	VERB
ajeer-3733	345	16	real	real	ADJ
ajeer-3733	345	17	growth	growth	NOUN
ajeer-3733	345	18	by	by	ADP
ajeer-3733	345	19	about	about	ADV
ajeer-3733	345	20	2½	2½	NUM
ajeer-3733	345	21	percent	percent	NOUN
ajeer-3733	345	22	,	,	PUNCT
ajeer-3733	345	23	bringing	bring	VERB
ajeer-3733	345	24	gdp	gdp	NOUN
ajeer-3733	345	25	growth	growth	NOUN
ajeer-3733	345	26	to	to	ADP
ajeer-3733	345	27	–	–	PUNCT
ajeer-3733	345	28	5¾	5¾	NUM
ajeer-3733	345	29	percent	percent	NOUN
ajeer-3733	345	30	.	.	PUNCT
ajeer-3733	346	1	the	the	DET
ajeer-3733	346	2	economy	economy	NOUN
ajeer-3733	346	3	will	will	AUX
ajeer-3733	346	4	start	start	VERB
ajeer-3733	346	5	to	to	PART
ajeer-3733	346	6	recover	recover	VERB
ajeer-3733	346	7	in	in	ADP
ajeer-3733	346	8	2021	2021	NUM
ajeer-3733	346	9	,	,	PUNCT
ajeer-3733	346	10	growing	grow	VERB
ajeer-3733	346	11	at	at	ADP
ajeer-3733	346	12	almost	almost	ADV
ajeer-3733	346	13	3	3	NUM
ajeer-3733	346	14	percent	percent	NOUN
ajeer-3733	346	15	and	and	CCONJ
ajeer-3733	346	16	closing	close	VERB
ajeer-3733	346	17	the	the	DET
ajeer-3733	346	18	output	output	NOUN
ajeer-3733	346	19	gap	gap	NOUN
ajeer-3733	346	20	in	in	ADP
ajeer-3733	346	21	2022	2022	NUM
ajeer-3733	346	22	.	.	PUNCT
ajeer-3733	347	1	we	we	PRON
ajeer-3733	347	2	note	note	VERB
ajeer-3733	347	3	that	that	SCONJ
ajeer-3733	347	4	the	the	DET
ajeer-3733	347	5	fiscal	fiscal	ADJ
ajeer-3733	347	6	stimulus	stimulus	NOUN
ajeer-3733	347	7	has	have	VERB
ajeer-3733	347	8	only	only	ADV
ajeer-3733	347	9	a	a	DET
ajeer-3733	347	10	short	short	ADJ
ajeer-3733	347	11	-	-	PUNCT
ajeer-3733	347	12	lived	live	VERB
ajeer-3733	347	13	impact	impact	NOUN
ajeer-3733	347	14	on	on	ADP
ajeer-3733	347	15	growth	growth	NOUN
ajeer-3733	347	16	—	—	PUNCT
ajeer-3733	347	17	the	the	DET
ajeer-3733	347	18	scenario	scenario	NOUN
ajeer-3733	347	19	assumes	assume	VERB
ajeer-3733	347	20	only	only	ADV
ajeer-3733	347	21	a	a	DET
ajeer-3733	347	22	temporary	temporary	ADJ
ajeer-3733	347	23	increase	increase	NOUN
ajeer-3733	347	24	in	in	ADP
ajeer-3733	347	25	the	the	DET
ajeer-3733	347	26	debt	debt	NOUN
ajeer-3733	347	27	target	target	NOUN
ajeer-3733	347	28	,	,	PUNCT
ajeer-3733	347	29	similar	similar	ADJ
ajeer-3733	347	30	to	to	ADP
ajeer-3733	347	31	the	the	DET
ajeer-3733	347	32	gfc	gfc	NOUN
ajeer-3733	347	33	episode	episode	NOUN
ajeer-3733	347	34	.	.	PUNCT
ajeer-3733	348	1	needless	needless	ADJ
ajeer-3733	348	2	to	to	PART
ajeer-3733	348	3	say	say	VERB
ajeer-3733	348	4	,	,	PUNCT
ajeer-3733	348	5	the	the	DET
ajeer-3733	348	6	temporary	temporary	ADJ
ajeer-3733	348	7	nature	nature	NOUN
ajeer-3733	348	8	of	of	ADP
ajeer-3733	348	9	the	the	DET
ajeer-3733	348	10	debt	debt	NOUN
ajeer-3733	348	11	target	target	NOUN
ajeer-3733	348	12	increase	increase	NOUN
ajeer-3733	348	13	is	be	AUX
ajeer-3733	348	14	announced	announce	VERB
ajeer-3733	348	15	,	,	PUNCT
ajeer-3733	348	16	and	and	CCONJ
ajeer-3733	348	17	it	it	PRON
ajeer-3733	348	18	remains	remain	VERB
ajeer-3733	348	19	credible	credible	ADJ
ajeer-3733	348	20	.	.	PUNCT
ajeer-3733	349	1	the	the	DET
ajeer-3733	349	2	results	result	NOUN
ajeer-3733	349	3	of	of	ADP
ajeer-3733	349	4	the	the	DET
ajeer-3733	349	5	fiscal	fiscal	ADJ
ajeer-3733	349	6	stimulus	stimulus	ADJ
ajeer-3733	349	7	layer	layer	NOUN
ajeer-3733	349	8	should	should	AUX
ajeer-3733	349	9	be	be	AUX
ajeer-3733	349	10	taken	take	VERB
ajeer-3733	349	11	with	with	ADP
ajeer-3733	349	12	a	a	DET
ajeer-3733	349	13	grain	grain	NOUN
ajeer-3733	349	14	of	of	ADP
ajeer-3733	349	15	salt	salt	NOUN
ajeer-3733	349	16	.	.	PUNCT
ajeer-3733	350	1	the	the	DET
ajeer-3733	350	2	model	model	NOUN
ajeer-3733	350	3	assumes	assume	VERB
ajeer-3733	350	4	a	a	DET
ajeer-3733	350	5	fiscal	fiscal	ADJ
ajeer-3733	350	6	multiplier	multiplier	NOUN
ajeer-3733	350	7	of	of	ADP
ajeer-3733	350	8	½	½	NOUN
ajeer-3733	350	9	based	base	VERB
ajeer-3733	350	10	on	on	ADP
ajeer-3733	350	11	cross	cross	ADJ
ajeer-3733	350	12	-	-	ADJ
ajeer-3733	350	13	country	country	ADJ
ajeer-3733	350	14	experience	experience	NOUN
ajeer-3733	350	15	(	(	PUNCT
ajeer-3733	350	16	appendix	appendix	NOUN
ajeer-3733	350	17	b	b	NOUN
ajeer-3733	350	18	)	)	PUNCT
ajeer-3733	350	19	.	.	PUNCT
ajeer-3733	351	1	should	should	AUX
ajeer-3733	351	2	the	the	DET
ajeer-3733	351	3	actual	actual	ADJ
ajeer-3733	351	4	fiscal	fiscal	ADJ
ajeer-3733	351	5	multiplier	multipli	ADJ
ajeer-3733	351	6	be	be	AUX
ajeer-3733	351	7	lower	low	ADJ
ajeer-3733	351	8	,	,	PUNCT
ajeer-3733	351	9	the	the	DET
ajeer-3733	351	10	effect	effect	NOUN
ajeer-3733	351	11	of	of	ADP
ajeer-3733	351	12	the	the	DET
ajeer-3733	351	13	fiscal	fiscal	ADJ
ajeer-3733	351	14	stimulus	stimulus	NOUN
ajeer-3733	351	15	will	will	AUX
ajeer-3733	351	16	be	be	AUX
ajeer-3733	351	17	smaller	small	ADJ
ajeer-3733	351	18	;	;	PUNCT
ajeer-3733	351	19	if	if	SCONJ
ajeer-3733	351	20	the	the	DET
ajeer-3733	351	21	multiplier	multipli	ADJ
ajeer-3733	351	22	is	be	AUX
ajeer-3733	351	23	higher	high	ADJ
ajeer-3733	351	24	,	,	PUNCT
ajeer-3733	351	25	the	the	DET
ajeer-3733	351	26	effect	effect	NOUN
ajeer-3733	351	27	will	will	AUX
ajeer-3733	351	28	be	be	AUX
ajeer-3733	351	29	larger	large	ADJ
ajeer-3733	351	30	.	.	PUNCT
ajeer-3733	352	1	the	the	DET
ajeer-3733	352	2	case	case	NOUN
ajeer-3733	352	3	for	for	ADP
ajeer-3733	352	4	a	a	DET
ajeer-3733	352	5	smaller	small	ADJ
ajeer-3733	352	6	fiscal	fiscal	ADJ
ajeer-3733	352	7	multiplier	multipli	ADJ
ajeer-3733	352	8	could	could	AUX
ajeer-3733	352	9	be	be	AUX
ajeer-3733	352	10	based	base	VERB
ajeer-3733	352	11	on	on	ADP
ajeer-3733	352	12	the	the	DET
ajeer-3733	352	13	limited	limited	ADJ
ajeer-3733	352	14	effectiveness	effectiveness	NOUN
ajeer-3733	352	15	of	of	ADP
ajeer-3733	352	16	spending	spending	NOUN
ajeer-3733	352	17	and	and	CCONJ
ajeer-3733	352	18	lags	lag	NOUN
ajeer-3733	352	19	in	in	ADP
ajeer-3733	352	20	budget	budget	NOUN
ajeer-3733	352	21	implementation	implementation	NOUN
ajeer-3733	352	22	.	.	PUNCT
ajeer-3733	353	1	the	the	DET
ajeer-3733	353	2	case	case	NOUN
ajeer-3733	353	3	for	for	ADP
ajeer-3733	353	4	a	a	DET
ajeer-3733	353	5	larger	large	ADJ
ajeer-3733	353	6	multiplier	multipli	ADJ
ajeer-3733	353	7	could	could	AUX
ajeer-3733	353	8	be	be	AUX
ajeer-3733	353	9	supported	support	VERB
ajeer-3733	353	10	by	by	ADP
ajeer-3733	353	11	the	the	DET
ajeer-3733	353	12	fact	fact	NOUN
ajeer-3733	353	13	that	that	SCONJ
ajeer-3733	353	14	additional	additional	ADJ
ajeer-3733	353	15	public	public	ADJ
ajeer-3733	353	16	spending	spending	NOUN
ajeer-3733	353	17	targets	target	VERB
ajeer-3733	353	18	liquidity	liquidity	NOUN
ajeer-3733	353	19	-	-	PUNCT
ajeer-3733	353	20	constrained	constrain	VERB
ajeer-3733	353	21	households	household	NOUN
ajeer-3733	353	22	and	and	CCONJ
ajeer-3733	353	23	that	that	SCONJ
ajeer-3733	353	24	during	during	ADP
ajeer-3733	353	25	this	this	DET
ajeer-3733	353	26	crisis	crisis	NOUN
ajeer-3733	353	27	import	import	NOUN
ajeer-3733	353	28	leakages	leakage	NOUN
ajeer-3733	353	29	are	be	AUX
ajeer-3733	353	30	likely	likely	ADV
ajeer-3733	353	31	smaller	small	ADJ
ajeer-3733	353	32	.	.	PUNCT
ajeer-3733	354	1	5	5	X
ajeer-3733	354	2	.	.	X
ajeer-3733	354	3	caveats	caveat	NOUN
ajeer-3733	354	4	and	and	CCONJ
ajeer-3733	354	5	potential	potential	ADJ
ajeer-3733	354	6	extensions	extension	NOUN
ajeer-3733	354	7	we	we	PRON
ajeer-3733	354	8	have	have	AUX
ajeer-3733	354	9	designed	design	VERB
ajeer-3733	354	10	and	and	CCONJ
ajeer-3733	354	11	calibrated	calibrate	VERB
ajeer-3733	354	12	a	a	DET
ajeer-3733	354	13	simple	simple	ADJ
ajeer-3733	354	14	,	,	PUNCT
ajeer-3733	354	15	macro	macro	ADJ
ajeer-3733	354	16	-	-	ADJ
ajeer-3733	354	17	fiscal	fiscal	ADJ
ajeer-3733	354	18	,	,	PUNCT
ajeer-3733	354	19	semi	semi	ADJ
ajeer-3733	354	20	-	-	ADJ
ajeer-3733	354	21	structural	structural	ADJ
ajeer-3733	354	22	model	model	NOUN
ajeer-3733	354	23	and	and	CCONJ
ajeer-3733	354	24	applied	apply	VERB
ajeer-3733	354	25	it	it	PRON
ajeer-3733	354	26	to	to	ADP
ajeer-3733	354	27	cambodia	cambodia	PROPN
ajeer-3733	354	28	,	,	PUNCT
ajeer-3733	354	29	camfi	camfi	PROPN
ajeer-3733	354	30	.	.	PUNCT
ajeer-3733	355	1	though	though	SCONJ
ajeer-3733	355	2	this	this	DET
ajeer-3733	355	3	parsimonious	parsimonious	ADJ
ajeer-3733	355	4	model	model	NOUN
ajeer-3733	355	5	has	have	VERB
ajeer-3733	355	6	obvious	obvious	ADJ
ajeer-3733	355	7	limitations	limitation	NOUN
ajeer-3733	355	8	,	,	PUNCT
ajeer-3733	355	9	many	many	ADJ
ajeer-3733	355	10	of	of	ADP
ajeer-3733	355	11	them	they	PRON
ajeer-3733	355	12	can	can	AUX
ajeer-3733	355	13	be	be	AUX
ajeer-3733	355	14	addressed	address	VERB
ajeer-3733	355	15	by	by	ADP
ajeer-3733	355	16	extending	extend	VERB
ajeer-3733	355	17	the	the	DET
ajeer-3733	355	18	model	model	NOUN
ajeer-3733	355	19	with	with	ADP
ajeer-3733	355	20	additional	additional	ADJ
ajeer-3733	355	21	blocks	block	NOUN
ajeer-3733	355	22	.	.	PUNCT
ajeer-3733	356	1	because	because	SCONJ
ajeer-3733	356	2	of	of	ADP
ajeer-3733	356	3	the	the	DET
ajeer-3733	356	4	structure	structure	NOUN
ajeer-3733	356	5	of	of	ADP
ajeer-3733	356	6	cambodia	cambodia	PROPN
ajeer-3733	356	7	’s	’s	PART
ajeer-3733	356	8	economy	economy	NOUN
ajeer-3733	356	9	and	and	CCONJ
ajeer-3733	356	10	data	datum	NOUN
ajeer-3733	356	11	availability	availability	NOUN
ajeer-3733	356	12	problems	problem	NOUN
ajeer-3733	356	13	,	,	PUNCT
ajeer-3733	356	14	we	we	PRON
ajeer-3733	356	15	have	have	AUX
ajeer-3733	356	16	emphasized	emphasize	VERB
ajeer-3733	356	17	the	the	DET
ajeer-3733	356	18	simplicity	simplicity	NOUN
ajeer-3733	356	19	of	of	ADP
ajeer-3733	356	20	the	the	DET
ajeer-3733	356	21	model	model	NOUN
ajeer-3733	356	22	—	—	PUNCT
ajeer-3733	356	23	realizing	realize	VERB
ajeer-3733	356	24	that	that	SCONJ
ajeer-3733	356	25	simplicity	simplicity	NOUN
ajeer-3733	356	26	comes	come	VERB
ajeer-3733	356	27	at	at	ADP
ajeer-3733	356	28	the	the	DET
ajeer-3733	356	29	cost	cost	NOUN
ajeer-3733	356	30	of	of	ADP
ajeer-3733	356	31	there	there	PRON
ajeer-3733	356	32	being	be	AUX
ajeer-3733	356	33	only	only	ADV
ajeer-3733	356	34	a	a	DET
ajeer-3733	356	35	rudimentary	rudimentary	ADJ
ajeer-3733	356	36	supply	supply	NOUN
ajeer-3733	356	37	side	side	NOUN
ajeer-3733	356	38	and	and	CCONJ
ajeer-3733	356	39	ignoring	ignore	VERB
ajeer-3733	356	40	many	many	ADJ
ajeer-3733	356	41	stock	stock	NOUN
ajeer-3733	356	42	-	-	PUNCT
ajeer-3733	356	43	and	and	CCONJ
ajeer-3733	356	44	-	-	PUNCT
ajeer-3733	356	45	flow	flow	NOUN
ajeer-3733	356	46	relationships	relationship	NOUN
ajeer-3733	356	47	.	.	PUNCT
ajeer-3733	357	1	for	for	ADP
ajeer-3733	357	2	example	example	NOUN
ajeer-3733	357	3	,	,	PUNCT
ajeer-3733	357	4	we	we	PRON
ajeer-3733	357	5	capture	capture	VERB
ajeer-3733	357	6	fiscal	fiscal	ADJ
ajeer-3733	357	7	accounting	accounting	NOUN
ajeer-3733	357	8	,	,	PUNCT
ajeer-3733	357	9	but	but	CCONJ
ajeer-3733	357	10	there	there	PRON
ajeer-3733	357	11	is	be	VERB
ajeer-3733	357	12	no	no	DET
ajeer-3733	357	13	treatment	treatment	NOUN
ajeer-3733	357	14	of	of	ADP
ajeer-3733	357	15	the	the	DET
ajeer-3733	357	16	current	current	ADJ
ajeer-3733	357	17	account	account	NOUN
ajeer-3733	357	18	or	or	CCONJ
ajeer-3733	357	19	the	the	DET
ajeer-3733	357	20	nbc	nbc	PROPN
ajeer-3733	357	21	balance	balance	NOUN
ajeer-3733	357	22	sheet	sheet	NOUN
ajeer-3733	357	23	.	.	PUNCT
ajeer-3733	358	1	possible	possible	ADJ
ajeer-3733	358	2	extensions	extension	NOUN
ajeer-3733	358	3	suitable	suitable	ADJ
ajeer-3733	358	4	for	for	ADP
ajeer-3733	358	5	more	more	ADJ
ajeer-3733	358	6	complex	complex	ADJ
ajeer-3733	358	7	economies	economy	NOUN
ajeer-3733	358	8	might	might	AUX
ajeer-3733	358	9	be	be	AUX
ajeer-3733	358	10	,	,	PUNCT
ajeer-3733	358	11	among	among	ADP
ajeer-3733	358	12	others	other	NOUN
ajeer-3733	358	13	,	,	PUNCT
ajeer-3733	358	14	separation	separation	NOUN
ajeer-3733	358	15	of	of	ADP
ajeer-3733	358	16	core	core	NOUN
ajeer-3733	358	17	and	and	CCONJ
ajeer-3733	358	18	noncore	noncore	ADJ
ajeer-3733	358	19	price	price	NOUN
ajeer-3733	358	20	indexes	index	NOUN
ajeer-3733	358	21	,	,	PUNCT
ajeer-3733	358	22	breakdown	breakdown	NOUN
ajeer-3733	358	23	of	of	ADP
ajeer-3733	358	24	aggregate	aggregate	ADJ
ajeer-3733	358	25	demand	demand	NOUN
ajeer-3733	358	26	into	into	ADP
ajeer-3733	358	27	an	an	DET
ajeer-3733	358	28	agricultural	agricultural	ADJ
ajeer-3733	358	29	(	(	PUNCT
ajeer-3733	358	30	commodity	commodity	NOUN
ajeer-3733	358	31	)	)	PUNCT
ajeer-3733	358	32	component	component	NOUN
ajeer-3733	358	33	and	and	CCONJ
ajeer-3733	358	34	a	a	DET
ajeer-3733	358	35	nonagricultural	nonagricultural	ADJ
ajeer-3733	358	36	(	(	PUNCT
ajeer-3733	358	37	non	non	ADJ
ajeer-3733	358	38	-	-	ADJ
ajeer-3733	358	39	commodity	commodity	ADJ
ajeer-3733	358	40	)	)	PUNCT
ajeer-3733	358	41	component	component	NOUN
ajeer-3733	358	42	,	,	PUNCT
ajeer-3733	358	43	development	development	NOUN
ajeer-3733	358	44	of	of	ADP
ajeer-3733	358	45	the	the	DET
ajeer-3733	358	46	term	term	NOUN
ajeer-3733	358	47	structure	structure	NOUN
ajeer-3733	358	48	of	of	ADP
ajeer-3733	358	49	interest	interest	NOUN
ajeer-3733	358	50	rates	rate	NOUN
ajeer-3733	358	51	,	,	PUNCT
ajeer-3733	358	52	and	and	CCONJ
ajeer-3733	358	53	explicit	explicit	ADJ
ajeer-3733	358	54	modeling	modeling	NOUN
ajeer-3733	358	55	of	of	ADP
ajeer-3733	358	56	external	external	ADJ
ajeer-3733	358	57	trade	trade	NOUN
ajeer-3733	358	58	.	.	PUNCT
ajeer-3733	359	1	extensions	extension	NOUN
ajeer-3733	359	2	of	of	ADP
ajeer-3733	359	3	the	the	DET
ajeer-3733	359	4	model	model	NOUN
ajeer-3733	359	5	need	need	VERB
ajeer-3733	359	6	to	to	PART
ajeer-3733	359	7	be	be	AUX
ajeer-3733	359	8	weighed	weigh	VERB
ajeer-3733	359	9	against	against	ADP
ajeer-3733	359	10	data	datum	NOUN
ajeer-3733	359	11	availability	availability	NOUN
ajeer-3733	359	12	and	and	CCONJ
ajeer-3733	359	13	the	the	DET
ajeer-3733	359	14	modeling	modeling	NOUN
ajeer-3733	359	15	complexity	complexity	NOUN
ajeer-3733	359	16	that	that	SCONJ
ajeer-3733	359	17	extensions	extension	NOUN
ajeer-3733	359	18	may	may	AUX
ajeer-3733	359	19	introduce	introduce	VERB
ajeer-3733	359	20	.	.	PUNCT
ajeer-3733	360	1	it	it	PRON
ajeer-3733	360	2	is	be	AUX
ajeer-3733	360	3	highly	highly	ADV
ajeer-3733	360	4	important	important	ADJ
ajeer-3733	360	5	,	,	PUNCT
ajeer-3733	360	6	however	however	ADV
ajeer-3733	360	7	,	,	PUNCT
ajeer-3733	360	8	that	that	SCONJ
ajeer-3733	360	9	the	the	DET
ajeer-3733	360	10	model	model	NOUN
ajeer-3733	360	11	retain	retain	VERB
ajeer-3733	360	12	its	its	PRON
ajeer-3733	360	13	conceptual	conceptual	ADJ
ajeer-3733	360	14	simplicity	simplicity	NOUN
ajeer-3733	360	15	and	and	CCONJ
ajeer-3733	360	16	clarity	clarity	NOUN
ajeer-3733	360	17	;	;	PUNCT
ajeer-3733	360	18	an	an	DET
ajeer-3733	360	19	overly	overly	ADV
ajeer-3733	360	20	complex	complex	ADJ
ajeer-3733	360	21	model	model	NOUN
ajeer-3733	360	22	is	be	AUX
ajeer-3733	360	23	unlikely	unlikely	ADJ
ajeer-3733	360	24	to	to	PART
ajeer-3733	360	25	facilitate	facilitate	VERB
ajeer-3733	360	26	a	a	DET
ajeer-3733	360	27	fast	fast	ADJ
ajeer-3733	360	28	and	and	CCONJ
ajeer-3733	360	29	straightforward	straightforward	ADJ
ajeer-3733	360	30	discussion	discussion	NOUN
ajeer-3733	360	31	of	of	ADP
ajeer-3733	360	32	policy	policy	NOUN
ajeer-3733	360	33	-	-	PUNCT
ajeer-3733	360	34	relevant	relevant	ADJ
ajeer-3733	360	35	issues	issue	NOUN
ajeer-3733	360	36	.	.	PUNCT
ajeer-3733	361	1	some	some	DET
ajeer-3733	361	2	extensions	extension	NOUN
ajeer-3733	361	3	are	be	AUX
ajeer-3733	361	4	simple	simple	ADJ
ajeer-3733	361	5	,	,	PUNCT
ajeer-3733	361	6	such	such	ADJ
ajeer-3733	361	7	as	as	ADP
ajeer-3733	361	8	accounting	account	VERB
ajeer-3733	361	9	for	for	ADP
ajeer-3733	361	10	alternative	alternative	ADJ
ajeer-3733	361	11	monetary	monetary	ADJ
ajeer-3733	361	12	and	and	CCONJ
ajeer-3733	361	13	exchange	exchange	NOUN
ajeer-3733	361	14	rate	rate	NOUN
ajeer-3733	361	15	regimes	regime	NOUN
ajeer-3733	361	16	.	.	PUNCT
ajeer-3733	362	1	there	there	PRON
ajeer-3733	362	2	is	be	VERB
ajeer-3733	362	3	a	a	DET
ajeer-3733	362	4	library	library	NOUN
ajeer-3733	362	5	of	of	ADP
ajeer-3733	362	6	matching	matching	NOUN
ajeer-3733	362	7	formulations	formulation	NOUN
ajeer-3733	362	8	for	for	ADP
ajeer-3733	362	9	the	the	DET
ajeer-3733	362	10	monetary	monetary	ADJ
ajeer-3733	362	11	policy	policy	NOUN
ajeer-3733	362	12	reaction	reaction	NOUN
ajeer-3733	362	13	equation	equation	NOUN
ajeer-3733	362	14	and	and	CCONJ
ajeer-3733	362	15	the	the	DET
ajeer-3733	362	16	equations	equation	NOUN
ajeer-3733	362	17	modeling	model	VERB
ajeer-3733	362	18	the	the	DET
ajeer-3733	362	19	exchange	exchange	NOUN
ajeer-3733	362	20	rate	rate	NOUN
ajeer-3733	362	21	that	that	PRON
ajeer-3733	362	22	correspond	correspond	VERB
ajeer-3733	362	23	to	to	ADP
ajeer-3733	362	24	the	the	DET
ajeer-3733	362	25	characteristics	characteristic	NOUN
ajeer-3733	362	26	of	of	ADP
ajeer-3733	362	27	these	these	DET
ajeer-3733	362	28	regimes	regime	NOUN
ajeer-3733	362	29	.	.	PUNCT
ajeer-3733	363	1	we	we	PRON
ajeer-3733	363	2	can	can	AUX
ajeer-3733	363	3	build	build	VERB
ajeer-3733	363	4	on	on	ADP
ajeer-3733	363	5	a	a	DET
ajeer-3733	363	6	variety	variety	NOUN
ajeer-3733	363	7	of	of	ADP
ajeer-3733	363	8	semi	semi	ADJ
ajeer-3733	363	9	-	-	ADJ
ajeer-3733	363	10	structural	structural	ADJ
ajeer-3733	363	11	monetary	monetary	ADJ
ajeer-3733	363	12	models	model	NOUN
ajeer-3733	363	13	developed	develop	VERB
ajeer-3733	363	14	in	in	ADP
ajeer-3733	363	15	the	the	DET
ajeer-3733	363	16	context	context	NOUN
ajeer-3733	363	17	of	of	ADP
ajeer-3733	363	18	imf	imf	PROPN
ajeer-3733	363	19	technical	technical	ADJ
ajeer-3733	363	20	assistance	assistance	NOUN
ajeer-3733	363	21	;	;	PUNCT
ajeer-3733	363	22	they	they	PRON
ajeer-3733	363	23	cover	cover	VERB
ajeer-3733	363	24	the	the	DET
ajeer-3733	363	25	continuum	continuum	NOUN
ajeer-3733	363	26	of	of	ADP
ajeer-3733	363	27	cases	case	NOUN
ajeer-3733	363	28	from	from	ADP
ajeer-3733	363	29	free	free	ADJ
ajeer-3733	363	30	floats	float	NOUN
ajeer-3733	363	31	and	and	CCONJ
ajeer-3733	363	32	open	open	ADJ
ajeer-3733	363	33	/	/	SYM
ajeer-3733	363	34	closed	closed	ADJ
ajeer-3733	363	35	capital	capital	NOUN
ajeer-3733	363	36	accounts	account	NOUN
ajeer-3733	363	37	to	to	ADP
ajeer-3733	363	38	pegs	peg	NOUN
ajeer-3733	363	39	and	and	CCONJ
ajeer-3733	363	40	closed	close	VERB
ajeer-3733	363	41	capital	capital	NOUN
ajeer-3733	363	42	accounts	account	NOUN
ajeer-3733	363	43	.	.	PUNCT
ajeer-3733	364	1	users	user	NOUN
ajeer-3733	364	2	need	need	VERB
ajeer-3733	364	3	to	to	PART
ajeer-3733	364	4	be	be	AUX
ajeer-3733	364	5	mindful	mindful	ADJ
ajeer-3733	364	6	of	of	ADP
ajeer-3733	364	7	the	the	DET
ajeer-3733	364	8	model	model	NOUN
ajeer-3733	364	9	’s	’s	PART
ajeer-3733	364	10	predictive	predictive	ADJ
ajeer-3733	364	11	ability	ability	NOUN
ajeer-3733	364	12	since	since	SCONJ
ajeer-3733	364	13	the	the	DET
ajeer-3733	364	14	short	short	ADJ
ajeer-3733	364	15	series	series	NOUN
ajeer-3733	364	16	available	available	ADJ
ajeer-3733	364	17	for	for	ADP
ajeer-3733	364	18	cambodia	cambodia	PROPN
ajeer-3733	364	19	prevent	prevent	VERB
ajeer-3733	364	20	most	most	ADJ
ajeer-3733	364	21	attempts	attempt	NOUN
ajeer-3733	364	22	at	at	ADP
ajeer-3733	364	23	econometric	econometric	ADJ
ajeer-3733	364	24	evaluation	evaluation	NOUN
ajeer-3733	364	25	.	.	PUNCT
ajeer-3733	365	1	economically	economically	ADV
ajeer-3733	365	2	reasonable	reasonable	ADJ
ajeer-3733	365	3	estimates	estimate	NOUN
ajeer-3733	365	4	of	of	ADP
ajeer-3733	365	5	important	important	ADJ
ajeer-3733	365	6	parameters	parameter	NOUN
ajeer-3733	365	7	tend	tend	VERB
ajeer-3733	365	8	to	to	PART
ajeer-3733	365	9	cover	cover	VERB
ajeer-3733	365	10	a	a	DET
ajeer-3733	365	11	wide	wide	ADJ
ajeer-3733	365	12	range	range	NOUN
ajeer-3733	365	13	,	,	PUNCT
ajeer-3733	365	14	and	and	CCONJ
ajeer-3733	365	15	it	it	PRON
ajeer-3733	365	16	is	be	AUX
ajeer-3733	365	17	sometimes	sometimes	ADV
ajeer-3733	365	18	difficult	difficult	ADJ
ajeer-3733	365	19	to	to	PART
ajeer-3733	365	20	decide	decide	VERB
ajeer-3733	365	21	between	between	ADP
ajeer-3733	365	22	competing	compete	VERB
ajeer-3733	365	23	representations	representation	NOUN
ajeer-3733	365	24	of	of	ADP
ajeer-3733	365	25	the	the	DET
ajeer-3733	365	26	economy	economy	NOUN
ajeer-3733	365	27	.	.	PUNCT
ajeer-3733	366	1	combining	combine	VERB
ajeer-3733	366	2	the	the	DET
ajeer-3733	366	3	calibration	calibration	NOUN
ajeer-3733	366	4	approach	approach	NOUN
ajeer-3733	366	5	with	with	ADP
ajeer-3733	366	6	bayesian	bayesian	NOUN
ajeer-3733	366	7	estimation	estimation	NOUN
ajeer-3733	366	8	,	,	PUNCT
ajeer-3733	366	9	perhaps	perhaps	ADV
ajeer-3733	366	10	employing	employ	VERB
ajeer-3733	366	11	system	system	NOUN
ajeer-3733	366	12	priors	prior	NOUN
ajeer-3733	366	13	,	,	PUNCT
ajeer-3733	366	14	may	may	AUX
ajeer-3733	366	15	help	help	VERB
ajeer-3733	366	16	,	,	PUNCT
ajeer-3733	366	17	but	but	CCONJ
ajeer-3733	366	18	it	it	PRON
ajeer-3733	366	19	is	be	AUX
ajeer-3733	366	20	unlikely	unlikely	ADJ
ajeer-3733	366	21	to	to	PART
ajeer-3733	366	22	overcome	overcome	VERB
ajeer-3733	366	23	the	the	DET
ajeer-3733	366	24	data	data	NOUN
ajeer-3733	366	25	deficiencies	deficiency	NOUN
ajeer-3733	366	26	in	in	ADP
ajeer-3733	366	27	most	most	ADJ
ajeer-3733	366	28	low	low	ADJ
ajeer-3733	366	29	-	-	PUNCT
ajeer-3733	366	30	income	income	NOUN
ajeer-3733	366	31	and	and	CCONJ
ajeer-3733	366	32	emerging	emerge	VERB
ajeer-3733	366	33	market	market	NOUN
ajeer-3733	366	34	countries	country	NOUN
ajeer-3733	366	35	(	(	PUNCT
ajeer-3733	366	36	andrle	andrle	PROPN
ajeer-3733	366	37	&	&	CCONJ
ajeer-3733	366	38	benes	benes	PROPN
ajeer-3733	366	39	,	,	PUNCT
ajeer-3733	366	40	2013).15	2013).15	PROPN
ajeer-3733	366	41	ultimately	ultimately	ADV
ajeer-3733	366	42	,	,	PUNCT
ajeer-3733	366	43	model	model	NOUN
ajeer-3733	366	44	users	user	NOUN
ajeer-3733	366	45	must	must	AUX
ajeer-3733	366	46	never	never	ADV
ajeer-3733	366	47	take	take	VERB
ajeer-3733	366	48	a	a	DET
ajeer-3733	366	49	single	single	ADJ
ajeer-3733	366	50	parameterization	parameterization	NOUN
ajeer-3733	366	51	of	of	ADP
ajeer-3733	366	52	a	a	DET
ajeer-3733	366	53	particular	particular	ADJ
ajeer-3733	366	54	model	model	NOUN
ajeer-3733	366	55	too	too	ADV
ajeer-3733	366	56	seriously	seriously	ADV
ajeer-3733	366	57	.	.	PUNCT
ajeer-3733	367	1	models	model	NOUN
ajeer-3733	367	2	help	help	VERB
ajeer-3733	367	3	14	14	NUM
ajeer-3733	367	4	the	the	DET
ajeer-3733	367	5	simulated	simulated	ADJ
ajeer-3733	367	6	slowdown	slowdown	NOUN
ajeer-3733	367	7	in	in	ADP
ajeer-3733	367	8	potential	potential	ADJ
ajeer-3733	367	9	gdp	gdp	NOUN
ajeer-3733	367	10	growth	growth	NOUN
ajeer-3733	367	11	by	by	ADP
ajeer-3733	367	12	4.5	4.5	NUM
ajeer-3733	367	13	percentage	percentage	NOUN
ajeer-3733	367	14	points	point	NOUN
ajeer-3733	367	15	in	in	ADP
ajeer-3733	367	16	2020	2020	NUM
ajeer-3733	367	17	implies	imply	VERB
ajeer-3733	367	18	a	a	DET
ajeer-3733	367	19	rate	rate	NOUN
ajeer-3733	367	20	of	of	ADP
ajeer-3733	367	21	growth	growth	NOUN
ajeer-3733	367	22	of	of	ADP
ajeer-3733	367	23	potential	potential	ADJ
ajeer-3733	367	24	gdp	gdp	NOUN
ajeer-3733	367	25	of	of	ADP
ajeer-3733	367	26	only	only	ADV
ajeer-3733	367	27	2.0	2.0	NUM
ajeer-3733	367	28	percent	percent	NOUN
ajeer-3733	367	29	,	,	PUNCT
ajeer-3733	367	30	since	since	SCONJ
ajeer-3733	367	31	steady	steady	ADJ
ajeer-3733	367	32	-	-	PUNCT
ajeer-3733	367	33	state	state	NOUN
ajeer-3733	367	34	growth	growth	NOUN
ajeer-3733	367	35	is	be	AUX
ajeer-3733	367	36	calibrated	calibrate	VERB
ajeer-3733	367	37	at	at	ADP
ajeer-3733	367	38	6.5	6.5	NUM
ajeer-3733	367	39	percent	percent	NOUN
ajeer-3733	367	40	.	.	PUNCT
ajeer-3733	368	1	15	15	NUM
ajeer-3733	368	2	system	system	NOUN
ajeer-3733	368	3	priors	prior	NOUN
ajeer-3733	368	4	are	be	AUX
ajeer-3733	368	5	priors	prior	NOUN
ajeer-3733	368	6	about	about	ADP
ajeer-3733	368	7	the	the	DET
ajeer-3733	368	8	model	model	NOUN
ajeer-3733	368	9	’s	’s	PART
ajeer-3733	368	10	features	feature	NOUN
ajeer-3733	368	11	and	and	CCONJ
ajeer-3733	368	12	behavior	behavior	NOUN
ajeer-3733	368	13	as	as	ADP
ajeer-3733	368	14	a	a	DET
ajeer-3733	368	15	system	system	NOUN
ajeer-3733	368	16	,	,	PUNCT
ajeer-3733	368	17	such	such	ADJ
ajeer-3733	368	18	as	as	ADP
ajeer-3733	368	19	the	the	DET
ajeer-3733	368	20	maximum	maximum	ADJ
ajeer-3733	368	21	duration	duration	NOUN
ajeer-3733	368	22	of	of	ADP
ajeer-3733	368	23	the	the	DET
ajeer-3733	368	24	response	response	NOUN
ajeer-3733	368	25	of	of	ADP
ajeer-3733	368	26	debt	debt	NOUN
ajeer-3733	368	27	to	to	ADP
ajeer-3733	368	28	a	a	DET
ajeer-3733	368	29	particular	particular	ADJ
ajeer-3733	368	30	shock	shock	NOUN
ajeer-3733	368	31	.	.	PUNCT
ajeer-3733	369	1	system	system	NOUN
ajeer-3733	369	2	priors	prior	NOUN
ajeer-3733	369	3	would	would	AUX
ajeer-3733	369	4	help	help	VERB
ajeer-3733	369	5	to	to	PART
ajeer-3733	369	6	parametrize	parametrize	VERB
ajeer-3733	369	7	the	the	DET
ajeer-3733	369	8	model	model	NOUN
ajeer-3733	369	9	when	when	SCONJ
ajeer-3733	369	10	the	the	DET
ajeer-3733	369	11	policymaker	policymaker	NOUN
ajeer-3733	369	12	has	have	VERB
ajeer-3733	369	13	a	a	DET
ajeer-3733	369	14	clear	clear	ADJ
ajeer-3733	369	15	view	view	NOUN
ajeer-3733	369	16	of	of	ADP
ajeer-3733	369	17	the	the	DET
ajeer-3733	369	18	policy	policy	NOUN
ajeer-3733	369	19	horizon	horizon	NOUN
ajeer-3733	369	20	,	,	PUNCT
ajeer-3733	369	21	but	but	CCONJ
ajeer-3733	369	22	the	the	DET
ajeer-3733	369	23	model	model	NOUN
ajeer-3733	369	24	developer	developer	NOUN
ajeer-3733	369	25	has	have	VERB
ajeer-3733	369	26	insufficient	insufficient	ADJ
ajeer-3733	369	27	data	datum	NOUN
ajeer-3733	369	28	to	to	PART
ajeer-3733	369	29	estimate	estimate	VERB
ajeer-3733	369	30	the	the	DET
ajeer-3733	369	31	transmission	transmission	NOUN
ajeer-3733	369	32	mechanism	mechanism	NOUN
ajeer-3733	369	33	.	.	PUNCT
ajeer-3733	370	1	asian	asian	ADJ
ajeer-3733	370	2	journal	journal	PROPN
ajeer-3733	370	3	of	of	ADP
ajeer-3733	370	4	economics	economic	NOUN
ajeer-3733	370	5	and	and	CCONJ
ajeer-3733	370	6	empirical	empirical	ADJ
ajeer-3733	370	7	research	research	NOUN
ajeer-3733	370	8	,	,	PUNCT
ajeer-3733	370	9	2022	2022	NUM
ajeer-3733	370	10	,	,	PUNCT
ajeer-3733	370	11	9(1	9(1	NUM
ajeer-3733	370	12	):	):	PUNCT
ajeer-3733	370	13	21	21	NUM
ajeer-3733	370	14	-	-	SYM
ajeer-3733	370	15	37	37	NUM
ajeer-3733	370	16	34	34	NUM
ajeer-3733	370	17	©	©	PROPN
ajeer-3733	370	18	2022	2022	NUM
ajeer-3733	370	19	by	by	ADP
ajeer-3733	370	20	the	the	DET
ajeer-3733	370	21	authors	author	NOUN
ajeer-3733	370	22	;	;	PUNCT
ajeer-3733	370	23	licensee	licensee	PROPN
ajeer-3733	370	24	asian	asian	ADJ
ajeer-3733	370	25	online	online	PROPN
ajeer-3733	370	26	journal	journal	PROPN
ajeer-3733	370	27	publishing	publishing	NOUN
ajeer-3733	370	28	group	group	NOUN
ajeer-3733	370	29	in	in	ADP
ajeer-3733	370	30	discussing	discuss	VERB
ajeer-3733	370	31	and	and	CCONJ
ajeer-3733	370	32	assessing	assess	VERB
ajeer-3733	370	33	risks	risk	NOUN
ajeer-3733	370	34	to	to	ADP
ajeer-3733	370	35	the	the	DET
ajeer-3733	370	36	forecast	forecast	NOUN
ajeer-3733	370	37	,	,	PUNCT
ajeer-3733	370	38	but	but	CCONJ
ajeer-3733	370	39	they	they	PRON
ajeer-3733	370	40	are	be	AUX
ajeer-3733	370	41	no	no	DET
ajeer-3733	370	42	substitute	substitute	NOUN
ajeer-3733	370	43	for	for	ADP
ajeer-3733	370	44	understanding	understand	VERB
ajeer-3733	370	45	the	the	DET
ajeer-3733	370	46	data	datum	NOUN
ajeer-3733	370	47	and	and	CCONJ
ajeer-3733	370	48	the	the	DET
ajeer-3733	370	49	economy	economy	NOUN
ajeer-3733	370	50	.	.	PUNCT
ajeer-3733	371	1	also	also	ADV
ajeer-3733	371	2	deserving	deserve	VERB
ajeer-3733	371	3	more	more	ADJ
ajeer-3733	371	4	attention	attention	NOUN
ajeer-3733	371	5	,	,	PUNCT
ajeer-3733	371	6	perhaps	perhaps	ADV
ajeer-3733	371	7	,	,	PUNCT
ajeer-3733	371	8	is	be	AUX
ajeer-3733	371	9	the	the	DET
ajeer-3733	371	10	vulnerability	vulnerability	NOUN
ajeer-3733	371	11	of	of	ADP
ajeer-3733	371	12	low	low	ADJ
ajeer-3733	371	13	-	-	PUNCT
ajeer-3733	371	14	income	income	NOUN
ajeer-3733	371	15	and	and	CCONJ
ajeer-3733	371	16	emerging	emerge	VERB
ajeer-3733	371	17	-	-	PUNCT
ajeer-3733	371	18	market	market	NOUN
ajeer-3733	371	19	countries	country	NOUN
ajeer-3733	371	20	to	to	ADP
ajeer-3733	371	21	global	global	ADJ
ajeer-3733	371	22	financial	financial	ADJ
ajeer-3733	371	23	market	market	NOUN
ajeer-3733	371	24	shocks	shock	NOUN
ajeer-3733	371	25	to	to	ADP
ajeer-3733	371	26	,	,	PUNCT
ajeer-3733	371	27	among	among	ADP
ajeer-3733	371	28	other	other	ADJ
ajeer-3733	371	29	factors	factor	NOUN
ajeer-3733	371	30	,	,	PUNCT
ajeer-3733	371	31	their	their	PRON
ajeer-3733	371	32	risk	risk	NOUN
ajeer-3733	371	33	premiums	premium	NOUN
ajeer-3733	371	34	and	and	CCONJ
ajeer-3733	371	35	rollover	rollover	NOUN
ajeer-3733	371	36	risk	risk	NOUN
ajeer-3733	371	37	.	.	PUNCT
ajeer-3733	372	1	it	it	PRON
ajeer-3733	372	2	would	would	AUX
ajeer-3733	372	3	be	be	AUX
ajeer-3733	372	4	useful	useful	ADJ
ajeer-3733	372	5	to	to	PART
ajeer-3733	372	6	explore	explore	VERB
ajeer-3733	372	7	in	in	ADP
ajeer-3733	372	8	a	a	DET
ajeer-3733	372	9	more	more	ADV
ajeer-3733	372	10	structured	structured	ADJ
ajeer-3733	372	11	way	way	NOUN
ajeer-3733	372	12	the	the	DET
ajeer-3733	372	13	role	role	NOUN
ajeer-3733	372	14	of	of	ADP
ajeer-3733	372	15	the	the	DET
ajeer-3733	372	16	exchange	exchange	NOUN
ajeer-3733	372	17	rate	rate	NOUN
ajeer-3733	372	18	and	and	CCONJ
ajeer-3733	372	19	the	the	DET
ajeer-3733	372	20	interest	interest	NOUN
ajeer-3733	372	21	rate	rate	NOUN
ajeer-3733	372	22	in	in	ADP
ajeer-3733	372	23	the	the	DET
ajeer-3733	372	24	aggregate	aggregate	ADJ
ajeer-3733	372	25	demand	demand	NOUN
ajeer-3733	372	26	,	,	PUNCT
ajeer-3733	372	27	aggregate	aggregate	ADJ
ajeer-3733	372	28	supply	supply	NOUN
ajeer-3733	372	29	,	,	PUNCT
ajeer-3733	372	30	and	and	CCONJ
ajeer-3733	372	31	debt	debt	NOUN
ajeer-3733	372	32	equations	equation	NOUN
ajeer-3733	372	33	.	.	PUNCT
ajeer-3733	373	1	we	we	PRON
ajeer-3733	373	2	know	know	VERB
ajeer-3733	373	3	relatively	relatively	ADV
ajeer-3733	373	4	little	little	ADJ
ajeer-3733	373	5	about	about	ADP
ajeer-3733	373	6	the	the	DET
ajeer-3733	373	7	effects	effect	NOUN
ajeer-3733	373	8	of	of	ADP
ajeer-3733	373	9	balance	balance	NOUN
ajeer-3733	373	10	sheet	sheet	NOUN
ajeer-3733	373	11	mismatches	mismatch	NOUN
ajeer-3733	373	12	or	or	CCONJ
ajeer-3733	373	13	unsustainable	unsustainable	ADJ
ajeer-3733	373	14	debt	debt	NOUN
ajeer-3733	373	15	on	on	ADP
ajeer-3733	373	16	economies	economy	NOUN
ajeer-3733	373	17	like	like	ADP
ajeer-3733	373	18	that	that	PRON
ajeer-3733	373	19	of	of	ADP
ajeer-3733	373	20	cambodia	cambodia	PROPN
ajeer-3733	373	21	.	.	PUNCT
ajeer-3733	374	1	these	these	DET
ajeer-3733	374	2	extensions	extension	NOUN
ajeer-3733	374	3	will	will	AUX
ajeer-3733	374	4	be	be	AUX
ajeer-3733	374	5	difficult	difficult	ADJ
ajeer-3733	374	6	to	to	PART
ajeer-3733	374	7	apply	apply	VERB
ajeer-3733	374	8	in	in	ADP
ajeer-3733	374	9	the	the	DET
ajeer-3733	374	10	current	current	ADJ
ajeer-3733	374	11	linear	linear	NOUN
ajeer-3733	374	12	framework	framework	NOUN
ajeer-3733	374	13	;	;	PUNCT
ajeer-3733	374	14	the	the	DET
ajeer-3733	374	15	reaction	reaction	NOUN
ajeer-3733	374	16	of	of	ADP
ajeer-3733	374	17	financial	financial	ADJ
ajeer-3733	374	18	market	market	NOUN
ajeer-3733	374	19	and	and	CCONJ
ajeer-3733	374	20	debt	debt	NOUN
ajeer-3733	374	21	developments	development	NOUN
ajeer-3733	374	22	is	be	AUX
ajeer-3733	374	23	known	know	VERB
ajeer-3733	374	24	to	to	PART
ajeer-3733	374	25	be	be	AUX
ajeer-3733	374	26	nonlinear	nonlinear	ADJ
ajeer-3733	374	27	.	.	PUNCT
ajeer-3733	375	1	6	6	NUM
ajeer-3733	375	2	.	.	X
ajeer-3733	375	3	conclusions	conclusion	NOUN
ajeer-3733	375	4	this	this	DET
ajeer-3733	375	5	paper	paper	NOUN
ajeer-3733	375	6	describes	describe	VERB
ajeer-3733	375	7	an	an	DET
ajeer-3733	375	8	approach	approach	NOUN
ajeer-3733	375	9	to	to	ADP
ajeer-3733	375	10	simulating	simulate	VERB
ajeer-3733	375	11	and	and	CCONJ
ajeer-3733	375	12	forecasting	forecast	VERB
ajeer-3733	375	13	macroeconomic	macroeconomic	ADJ
ajeer-3733	375	14	variables	variable	NOUN
ajeer-3733	375	15	using	use	VERB
ajeer-3733	375	16	camfi	camfi	NOUN
ajeer-3733	375	17	,	,	PUNCT
ajeer-3733	375	18	a	a	DET
ajeer-3733	375	19	simple	simple	ADJ
ajeer-3733	375	20	,	,	PUNCT
ajeer-3733	375	21	macro	macro	ADJ
ajeer-3733	375	22	-	-	ADJ
ajeer-3733	375	23	fiscal	fiscal	ADJ
ajeer-3733	375	24	,	,	PUNCT
ajeer-3733	375	25	semi	semi	ADJ
ajeer-3733	375	26	-	-	ADJ
ajeer-3733	375	27	structural	structural	ADJ
ajeer-3733	375	28	model	model	NOUN
ajeer-3733	375	29	.	.	PUNCT
ajeer-3733	376	1	unlike	unlike	ADP
ajeer-3733	376	2	traditional	traditional	ADJ
ajeer-3733	376	3	imf	imf	ADJ
ajeer-3733	376	4	-	-	PUNCT
ajeer-3733	376	5	detailed	detail	VERB
ajeer-3733	376	6	financial	financial	ADJ
ajeer-3733	376	7	programming	programming	NOUN
ajeer-3733	376	8	,	,	PUNCT
ajeer-3733	376	9	the	the	DET
ajeer-3733	376	10	results	result	NOUN
ajeer-3733	376	11	here	here	ADV
ajeer-3733	376	12	focus	focus	VERB
ajeer-3733	376	13	on	on	ADP
ajeer-3733	376	14	only	only	ADV
ajeer-3733	376	15	a	a	DET
ajeer-3733	376	16	few	few	ADJ
ajeer-3733	376	17	variables	variable	NOUN
ajeer-3733	376	18	that	that	PRON
ajeer-3733	376	19	are	be	AUX
ajeer-3733	376	20	consistent	consistent	ADJ
ajeer-3733	376	21	with	with	ADP
ajeer-3733	376	22	the	the	DET
ajeer-3733	376	23	new	new	ADJ
ajeer-3733	376	24	keynesian	keynesian	ADJ
ajeer-3733	376	25	framework	framework	NOUN
ajeer-3733	376	26	that	that	PRON
ajeer-3733	376	27	is	be	AUX
ajeer-3733	376	28	the	the	DET
ajeer-3733	376	29	usual	usual	ADJ
ajeer-3733	376	30	practice	practice	NOUN
ajeer-3733	376	31	in	in	ADP
ajeer-3733	376	32	modern	modern	ADJ
ajeer-3733	376	33	academic	academic	ADJ
ajeer-3733	376	34	literature	literature	NOUN
ajeer-3733	376	35	,	,	PUNCT
ajeer-3733	376	36	policymaking	policymaking	NOUN
ajeer-3733	376	37	,	,	PUNCT
ajeer-3733	376	38	and	and	CCONJ
ajeer-3733	376	39	forecasting	forecasting	NOUN
ajeer-3733	376	40	.	.	PUNCT
ajeer-3733	377	1	needless	needless	ADJ
ajeer-3733	377	2	to	to	PART
ajeer-3733	377	3	say	say	VERB
ajeer-3733	377	4	,	,	PUNCT
ajeer-3733	377	5	the	the	DET
ajeer-3733	377	6	model	model	NOUN
ajeer-3733	377	7	’s	’s	PART
ajeer-3733	377	8	small	small	ADJ
ajeer-3733	377	9	size	size	NOUN
ajeer-3733	377	10	does	do	AUX
ajeer-3733	377	11	not	not	PART
ajeer-3733	377	12	necessarily	necessarily	ADV
ajeer-3733	377	13	mean	mean	VERB
ajeer-3733	377	14	that	that	SCONJ
ajeer-3733	377	15	operating	operate	VERB
ajeer-3733	377	16	such	such	DET
ajeer-3733	377	17	a	a	DET
ajeer-3733	377	18	semi	semi	ADJ
ajeer-3733	377	19	-	-	ADJ
ajeer-3733	377	20	structural	structural	ADJ
ajeer-3733	377	21	model	model	NOUN
ajeer-3733	377	22	is	be	AUX
ajeer-3733	377	23	easy	easy	ADJ
ajeer-3733	377	24	.	.	PUNCT
ajeer-3733	378	1	model	model	NOUN
ajeer-3733	378	2	developers	developer	NOUN
ajeer-3733	378	3	and	and	CCONJ
ajeer-3733	378	4	users	user	NOUN
ajeer-3733	378	5	need	need	VERB
ajeer-3733	378	6	to	to	PART
ajeer-3733	378	7	start	start	VERB
ajeer-3733	378	8	with	with	ADP
ajeer-3733	378	9	a	a	DET
ajeer-3733	378	10	clear	clear	ADJ
ajeer-3733	378	11	understanding	understanding	NOUN
ajeer-3733	378	12	of	of	ADP
ajeer-3733	378	13	how	how	SCONJ
ajeer-3733	378	14	the	the	DET
ajeer-3733	378	15	data	datum	NOUN
ajeer-3733	378	16	are	be	AUX
ajeer-3733	378	17	constructed	construct	VERB
ajeer-3733	378	18	,	,	PUNCT
ajeer-3733	378	19	collect	collect	VERB
ajeer-3733	378	20	the	the	DET
ajeer-3733	378	21	key	key	ADJ
ajeer-3733	378	22	stylized	stylize	VERB
ajeer-3733	378	23	facts	fact	NOUN
ajeer-3733	378	24	,	,	PUNCT
ajeer-3733	378	25	and	and	CCONJ
ajeer-3733	378	26	pay	pay	VERB
ajeer-3733	378	27	attention	attention	NOUN
ajeer-3733	378	28	to	to	ADP
ajeer-3733	378	29	changes	change	NOUN
ajeer-3733	378	30	in	in	ADP
ajeer-3733	378	31	the	the	DET
ajeer-3733	378	32	transmission	transmission	NOUN
ajeer-3733	378	33	mechanism	mechanism	NOUN
ajeer-3733	378	34	as	as	SCONJ
ajeer-3733	378	35	economies	economy	NOUN
ajeer-3733	378	36	evolve	evolve	VERB
ajeer-3733	378	37	.	.	PUNCT
ajeer-3733	379	1	we	we	PRON
ajeer-3733	379	2	have	have	AUX
ajeer-3733	379	3	outlined	outline	VERB
ajeer-3733	379	4	a	a	DET
ajeer-3733	379	5	basic	basic	ADJ
ajeer-3733	379	6	version	version	NOUN
ajeer-3733	379	7	of	of	ADP
ajeer-3733	379	8	the	the	DET
ajeer-3733	379	9	model	model	NOUN
ajeer-3733	379	10	and	and	CCONJ
ajeer-3733	379	11	calibrated	calibrate	VERB
ajeer-3733	379	12	a	a	DET
ajeer-3733	379	13	parsimonious	parsimonious	ADJ
ajeer-3733	379	14	version	version	NOUN
ajeer-3733	379	15	of	of	ADP
ajeer-3733	379	16	it	it	PRON
ajeer-3733	379	17	for	for	ADP
ajeer-3733	379	18	cambodia	cambodia	PROPN
ajeer-3733	379	19	,	,	PUNCT
ajeer-3733	379	20	validating	validate	VERB
ajeer-3733	379	21	our	our	PRON
ajeer-3733	379	22	calibration	calibration	NOUN
ajeer-3733	379	23	by	by	ADP
ajeer-3733	379	24	using	use	VERB
ajeer-3733	379	25	only	only	ADV
ajeer-3733	379	26	a	a	DET
ajeer-3733	379	27	few	few	ADJ
ajeer-3733	379	28	impulse	impulse	ADJ
ajeer-3733	379	29	response	response	NOUN
ajeer-3733	379	30	functions	function	NOUN
ajeer-3733	379	31	,	,	PUNCT
ajeer-3733	379	32	testing	test	VERB
ajeer-3733	379	33	the	the	DET
ajeer-3733	379	34	consistency	consistency	NOUN
ajeer-3733	379	35	of	of	ADP
ajeer-3733	379	36	unobserved	unobserved	ADJ
ajeer-3733	379	37	variables	variable	NOUN
ajeer-3733	379	38	against	against	ADP
ajeer-3733	379	39	a	a	DET
ajeer-3733	379	40	generally	generally	ADV
ajeer-3733	379	41	accepted	accept	VERB
ajeer-3733	379	42	narrative	narrative	NOUN
ajeer-3733	379	43	,	,	PUNCT
ajeer-3733	379	44	and	and	CCONJ
ajeer-3733	379	45	assessing	assess	VERB
ajeer-3733	379	46	the	the	DET
ajeer-3733	379	47	accuracy	accuracy	NOUN
ajeer-3733	379	48	of	of	ADP
ajeer-3733	379	49	our	our	PRON
ajeer-3733	379	50	recursive	recursive	ADJ
ajeer-3733	379	51	forecasts	forecast	NOUN
ajeer-3733	379	52	.	.	PUNCT
ajeer-3733	380	1	we	we	PRON
ajeer-3733	380	2	then	then	ADV
ajeer-3733	380	3	used	use	VERB
ajeer-3733	380	4	the	the	DET
ajeer-3733	380	5	model	model	NOUN
ajeer-3733	380	6	to	to	PART
ajeer-3733	380	7	simulate	simulate	VERB
ajeer-3733	380	8	the	the	DET
ajeer-3733	380	9	medium	medium	ADJ
ajeer-3733	380	10	-	-	PUNCT
ajeer-3733	380	11	term	term	NOUN
ajeer-3733	380	12	economic	economic	ADJ
ajeer-3733	380	13	impact	impact	NOUN
ajeer-3733	380	14	of	of	ADP
ajeer-3733	380	15	the	the	DET
ajeer-3733	380	16	covid-19	covid-19	PROPN
ajeer-3733	380	17	pandemic	pandemic	NOUN
ajeer-3733	380	18	.	.	PUNCT
ajeer-3733	381	1	we	we	PRON
ajeer-3733	381	2	demonstrated	demonstrate	VERB
ajeer-3733	381	3	the	the	DET
ajeer-3733	381	4	relative	relative	ADJ
ajeer-3733	381	5	ease	ease	NOUN
ajeer-3733	381	6	and	and	CCONJ
ajeer-3733	381	7	consistency	consistency	NOUN
ajeer-3733	381	8	with	with	ADP
ajeer-3733	381	9	which	which	PRON
ajeer-3733	381	10	a	a	DET
ajeer-3733	381	11	stacked	stack	VERB
ajeer-3733	381	12	set	set	NOUN
ajeer-3733	381	13	of	of	ADP
ajeer-3733	381	14	assumptions	assumption	NOUN
ajeer-3733	381	15	can	can	AUX
ajeer-3733	381	16	be	be	AUX
ajeer-3733	381	17	developed	develop	VERB
ajeer-3733	381	18	into	into	ADP
ajeer-3733	381	19	a	a	DET
ajeer-3733	381	20	full	full	ADV
ajeer-3733	381	21	-	-	PUNCT
ajeer-3733	381	22	blown	blow	VERB
ajeer-3733	381	23	counterfactual	counterfactual	ADJ
ajeer-3733	381	24	scenario	scenario	NOUN
ajeer-3733	381	25	and	and	CCONJ
ajeer-3733	381	26	presented	present	VERB
ajeer-3733	381	27	to	to	ADP
ajeer-3733	381	28	the	the	DET
ajeer-3733	381	29	policymaker	policymaker	NOUN
ajeer-3733	381	30	.	.	PUNCT
ajeer-3733	382	1	we	we	PRON
ajeer-3733	382	2	contend	contend	VERB
ajeer-3733	382	3	that	that	SCONJ
ajeer-3733	382	4	this	this	DET
ajeer-3733	382	5	framework	framework	NOUN
ajeer-3733	382	6	can	can	AUX
ajeer-3733	382	7	be	be	AUX
ajeer-3733	382	8	tailored	tailor	VERB
ajeer-3733	382	9	to	to	ADP
ajeer-3733	382	10	virtually	virtually	ADV
ajeer-3733	382	11	any	any	DET
ajeer-3733	382	12	fiscal	fiscal	ADJ
ajeer-3733	382	13	,	,	PUNCT
ajeer-3733	382	14	monetary	monetary	ADJ
ajeer-3733	382	15	,	,	PUNCT
ajeer-3733	382	16	or	or	CCONJ
ajeer-3733	382	17	exchange	exchange	NOUN
ajeer-3733	382	18	rate	rate	NOUN
ajeer-3733	382	19	policy	policy	NOUN
ajeer-3733	382	20	regime	regime	NOUN
ajeer-3733	382	21	.	.	PUNCT
ajeer-3733	383	1	however	however	ADV
ajeer-3733	383	2	,	,	PUNCT
ajeer-3733	383	3	the	the	DET
ajeer-3733	383	4	startup	startup	NOUN
ajeer-3733	383	5	costs	cost	VERB
ajeer-3733	383	6	to	to	PART
ajeer-3733	383	7	begin	begin	VERB
ajeer-3733	383	8	using	use	VERB
ajeer-3733	383	9	even	even	ADV
ajeer-3733	383	10	a	a	DET
ajeer-3733	383	11	relatively	relatively	ADV
ajeer-3733	383	12	simple	simple	ADJ
ajeer-3733	383	13	model	model	NOUN
ajeer-3733	383	14	of	of	ADP
ajeer-3733	383	15	this	this	DET
ajeer-3733	383	16	type	type	NOUN
ajeer-3733	383	17	are	be	AUX
ajeer-3733	383	18	substantial	substantial	ADJ
ajeer-3733	383	19	,	,	PUNCT
ajeer-3733	383	20	and	and	CCONJ
ajeer-3733	383	21	its	its	PRON
ajeer-3733	383	22	sustained	sustained	ADJ
ajeer-3733	383	23	use	use	NOUN
ajeer-3733	383	24	requires	require	VERB
ajeer-3733	383	25	periodic	periodic	ADJ
ajeer-3733	383	26	updates	update	NOUN
ajeer-3733	383	27	and	and	CCONJ
ajeer-3733	383	28	maintenance	maintenance	NOUN
ajeer-3733	383	29	.	.	PUNCT
ajeer-3733	384	1	references	reference	NOUN
ajeer-3733	384	2	alesina	alesina	PROPN
ajeer-3733	384	3	,	,	PUNCT
ajeer-3733	384	4	a.	a.	PROPN
ajeer-3733	384	5	,	,	PUNCT
ajeer-3733	384	6	&	&	CCONJ
ajeer-3733	384	7	ardagna	ardagna	PROPN
ajeer-3733	384	8	,	,	PUNCT
ajeer-3733	384	9	s.	s.	PROPN
ajeer-3733	384	10	(	(	PUNCT
ajeer-3733	384	11	2010	2010	NUM
ajeer-3733	384	12	)	)	PUNCT
ajeer-3733	384	13	.	.	PUNCT
ajeer-3733	385	1	large	large	ADJ
ajeer-3733	385	2	changes	change	NOUN
ajeer-3733	385	3	in	in	ADP
ajeer-3733	385	4	fiscal	fiscal	ADJ
ajeer-3733	385	5	policy	policy	NOUN
ajeer-3733	385	6	:	:	PUNCT
ajeer-3733	385	7	taxes	taxis	NOUN
ajeer-3733	385	8	versus	versus	ADP
ajeer-3733	385	9	spending	spending	NOUN
ajeer-3733	385	10	.	.	PUNCT
ajeer-3733	386	1	tax	tax	NOUN
ajeer-3733	386	2	policy	policy	NOUN
ajeer-3733	386	3	and	and	CCONJ
ajeer-3733	386	4	the	the	DET
ajeer-3733	386	5	economy	economy	NOUN
ajeer-3733	386	6	,	,	PUNCT
ajeer-3733	386	7	24(1	24(1	NUM
ajeer-3733	386	8	)	)	PUNCT
ajeer-3733	386	9	,	,	PUNCT
ajeer-3733	386	10	35-68.available	35-68.available	ADJ
ajeer-3733	386	11	at	at	ADP
ajeer-3733	386	12	:	:	PUNCT
ajeer-3733	386	13	https://doi.org/10.1086/649828	https://doi.org/10.1086/649828	X
ajeer-3733	386	14	.	.	PUNCT
ajeer-3733	387	1	andrle	andrle	PROPN
ajeer-3733	387	2	,	,	PUNCT
ajeer-3733	387	3	m.	m.	NOUN
ajeer-3733	387	4	,	,	PUNCT
ajeer-3733	387	5	&	&	CCONJ
ajeer-3733	387	6	benes	benes	PROPN
ajeer-3733	387	7	,	,	PUNCT
ajeer-3733	387	8	j.	j.	PROPN
ajeer-3733	387	9	(	(	PUNCT
ajeer-3733	387	10	2013	2013	NUM
ajeer-3733	387	11	)	)	PUNCT
ajeer-3733	387	12	.	.	PUNCT
ajeer-3733	388	1	system	system	NOUN
ajeer-3733	388	2	priors	prior	NOUN
ajeer-3733	388	3	:	:	PUNCT
ajeer-3733	388	4	formulating	formulate	VERB
ajeer-3733	388	5	priors	prior	NOUN
ajeer-3733	388	6	about	about	ADP
ajeer-3733	388	7	dsge	dsge	NOUN
ajeer-3733	388	8	models	model	NOUN
ajeer-3733	388	9	’	'	PUNCT
ajeer-3733	388	10	properties	property	NOUN
ajeer-3733	388	11	.	.	PUNCT
ajeer-3733	389	1	imf	imf	PROPN
ajeer-3733	389	2	working	working	PROPN
ajeer-3733	389	3	paper	paper	PROPN
ajeer-3733	389	4	no	no	INTJ
ajeer-3733	389	5	.	.	PUNCT
ajeer-3733	390	1	13/257	13/257	NUM
ajeer-3733	390	2	(	(	PUNCT
ajeer-3733	390	3	washington	washington	PROPN
ajeer-3733	390	4	:	:	PUNCT
ajeer-3733	390	5	imf	imf	PROPN
ajeer-3733	390	6	)	)	PUNCT
ajeer-3733	390	7	.	.	PUNCT
ajeer-3733	391	1	batini	batini	PROPN
ajeer-3733	391	2	,	,	PUNCT
ajeer-3733	391	3	n.	n.	NOUN
ajeer-3733	391	4	,	,	PUNCT
ajeer-3733	391	5	eyraud	eyraud	ADJ
ajeer-3733	391	6	,	,	PUNCT
ajeer-3733	391	7	l.	l.	PROPN
ajeer-3733	391	8	,	,	PUNCT
ajeer-3733	391	9	forni	forni	PROPN
ajeer-3733	391	10	,	,	PUNCT
ajeer-3733	391	11	l.	l.	PROPN
ajeer-3733	391	12	,	,	PUNCT
ajeer-3733	391	13	&	&	CCONJ
ajeer-3733	391	14	weber	weber	PROPN
ajeer-3733	391	15	,	,	PUNCT
ajeer-3733	391	16	a.	a.	PROPN
ajeer-3733	391	17	(	(	PUNCT
ajeer-3733	391	18	2014	2014	NUM
ajeer-3733	391	19	)	)	PUNCT
ajeer-3733	391	20	.	.	PUNCT
ajeer-3733	392	1	fiscal	fiscal	ADJ
ajeer-3733	392	2	multipliers	multiplier	NOUN
ajeer-3733	392	3	:	:	PUNCT
ajeer-3733	392	4	size	size	NOUN
ajeer-3733	392	5	,	,	PUNCT
ajeer-3733	392	6	determinants	determinant	NOUN
ajeer-3733	392	7	,	,	PUNCT
ajeer-3733	392	8	and	and	CCONJ
ajeer-3733	392	9	use	use	NOUN
ajeer-3733	392	10	in	in	ADP
ajeer-3733	392	11	macroeconomic	macroeconomic	ADJ
ajeer-3733	392	12	projections	projection	NOUN
ajeer-3733	392	13	.	.	PUNCT
ajeer-3733	393	1	imf	imf	PROPN
ajeer-3733	393	2	technical	technical	ADJ
ajeer-3733	393	3	notes	note	NOUN
ajeer-3733	393	4	and	and	CCONJ
ajeer-3733	393	5	manuals	manual	NOUN
ajeer-3733	393	6	no	no	NOUN
ajeer-3733	393	7	.	.	PUNCT
ajeer-3733	393	8	2014/04	2014/04	NUM
ajeer-3733	393	9	(	(	PUNCT
ajeer-3733	393	10	washington	washington	PROPN
ajeer-3733	393	11	:	:	PUNCT
ajeer-3733	393	12	imf	imf	PROPN
ajeer-3733	393	13	)	)	PUNCT
ajeer-3733	393	14	.	.	PUNCT
ajeer-3733	394	1	berg	berg	PROPN
ajeer-3733	394	2	,	,	PUNCT
ajeer-3733	394	3	a.	a.	PROPN
ajeer-3733	394	4	,	,	PUNCT
ajeer-3733	394	5	karam	karam	PROPN
ajeer-3733	394	6	,	,	PUNCT
ajeer-3733	394	7	p.d	p.d	PROPN
ajeer-3733	394	8	.	.	PROPN
ajeer-3733	394	9	,	,	PUNCT
ajeer-3733	394	10	&	&	CCONJ
ajeer-3733	394	11	laxton	laxton	PROPN
ajeer-3733	394	12	,	,	PUNCT
ajeer-3733	394	13	d.l	d.l	PROPN
ajeer-3733	394	14	.	.	PROPN
ajeer-3733	394	15	(	(	PUNCT
ajeer-3733	394	16	2006	2006	NUM
ajeer-3733	394	17	)	)	PUNCT
ajeer-3733	394	18	.	.	PUNCT
ajeer-3733	395	1	a	a	DET
ajeer-3733	395	2	practical	practical	ADJ
ajeer-3733	395	3	model	model	NOUN
ajeer-3733	395	4	-	-	PUNCT
ajeer-3733	395	5	based	base	VERB
ajeer-3733	395	6	approach	approach	NOUN
ajeer-3733	395	7	to	to	ADP
ajeer-3733	395	8	monetary	monetary	ADJ
ajeer-3733	395	9	policy	policy	NOUN
ajeer-3733	395	10	analysis	analysis	NOUN
ajeer-3733	395	11	-	-	PUNCT
ajeer-3733	395	12	overview	overview	NOUN
ajeer-3733	395	13	.	.	PUNCT
ajeer-3733	396	1	imf	imf	PROPN
ajeer-3733	396	2	working	working	PROPN
ajeer-3733	396	3	paper	paper	PROPN
ajeer-3733	396	4	no	no	INTJ
ajeer-3733	396	5	.	.	PUNCT
ajeer-3733	397	1	06/80	06/80	X
ajeer-3733	397	2	(	(	PUNCT
ajeer-3733	397	3	washington	washington	PROPN
ajeer-3733	397	4	:	:	PUNCT
ajeer-3733	397	5	imf	imf	PROPN
ajeer-3733	397	6	)	)	PUNCT
ajeer-3733	397	7	.	.	PUNCT
ajeer-3733	398	1	bulíř	bulíř	PROPN
ajeer-3733	398	2	,	,	PUNCT
ajeer-3733	398	3	a.	a.	PROPN
ajeer-3733	398	4	,	,	PUNCT
ajeer-3733	398	5	&	&	CCONJ
ajeer-3733	398	6	hamann	hamann	PROPN
ajeer-3733	398	7	,	,	PUNCT
ajeer-3733	398	8	a.	a.	PROPN
ajeer-3733	398	9	j.	j.	PROPN
ajeer-3733	398	10	(	(	PUNCT
ajeer-3733	398	11	2008	2008	NUM
ajeer-3733	398	12	)	)	PUNCT
ajeer-3733	398	13	.	.	PUNCT
ajeer-3733	399	1	volatility	volatility	NOUN
ajeer-3733	399	2	of	of	ADP
ajeer-3733	399	3	development	development	NOUN
ajeer-3733	399	4	aid	aid	NOUN
ajeer-3733	399	5	:	:	PUNCT
ajeer-3733	399	6	from	from	ADP
ajeer-3733	399	7	the	the	DET
ajeer-3733	399	8	frying	fry	VERB
ajeer-3733	399	9	pan	pan	NOUN
ajeer-3733	399	10	into	into	ADP
ajeer-3733	399	11	the	the	DET
ajeer-3733	399	12	fire	fire	NOUN
ajeer-3733	399	13	?	?	PUNCT
ajeer-3733	400	1	world	world	NOUN
ajeer-3733	400	2	development	development	NOUN
ajeer-3733	400	3	,	,	PUNCT
ajeer-3733	400	4	36(10	36(10	NUM
ajeer-3733	400	5	)	)	PUNCT
ajeer-3733	400	6	,	,	PUNCT
ajeer-3733	400	7	20482066.available	20482066.available	ADJ
ajeer-3733	400	8	at	at	ADP
ajeer-3733	400	9	:	:	PUNCT
ajeer-3733	400	10	https://doi.org/10.1016/j.worlddev.2007.02.019	https://doi.org/10.1016/j.worlddev.2007.02.019	PROPN
ajeer-3733	400	11	.	.	PUNCT
ajeer-3733	401	1	bulíř	bulíř	PROPN
ajeer-3733	401	2	,	,	PUNCT
ajeer-3733	401	3	a.	a.	PROPN
ajeer-3733	401	4	,	,	PUNCT
ajeer-3733	401	5	&	&	CCONJ
ajeer-3733	401	6	vlček	vlček	PROPN
ajeer-3733	401	7	,	,	PUNCT
ajeer-3733	401	8	j.	j.	PROPN
ajeer-3733	401	9	(	(	PUNCT
ajeer-3733	401	10	2021	2021	NUM
ajeer-3733	401	11	)	)	PUNCT
ajeer-3733	401	12	.	.	PUNCT
ajeer-3733	402	1	monetary	monetary	ADJ
ajeer-3733	402	2	transmission	transmission	NOUN
ajeer-3733	402	3	:	:	PUNCT
ajeer-3733	402	4	are	be	AUX
ajeer-3733	402	5	emerging	emerge	VERB
ajeer-3733	402	6	market	market	NOUN
ajeer-3733	402	7	and	and	CCONJ
ajeer-3733	402	8	low	low	ADJ
ajeer-3733	402	9	-	-	PUNCT
ajeer-3733	402	10	income	income	NOUN
ajeer-3733	402	11	countries	country	NOUN
ajeer-3733	402	12	different	different	ADJ
ajeer-3733	402	13	?	?	PUNCT
ajeer-3733	403	1	journal	journal	NOUN
ajeer-3733	403	2	of	of	ADP
ajeer-3733	403	3	policy	policy	NOUN
ajeer-3733	403	4	modeling	modeling	NOUN
ajeer-3733	403	5	,	,	PUNCT
ajeer-3733	403	6	43(1	43(1	NOUN
ajeer-3733	403	7	)	)	PUNCT
ajeer-3733	403	8	,	,	PUNCT
ajeer-3733	403	9	95-108.available	95-108.available	NOUN
ajeer-3733	403	10	at	at	ADP
ajeer-3733	403	11	:	:	PUNCT
ajeer-3733	403	12	https://doi.org/10.1016/j.jpolmod.2020.06.006	https://doi.org/10.1016/j.jpolmod.2020.06.006	X
ajeer-3733	403	13	.	.	PUNCT
ajeer-3733	404	1	de	de	PROPN
ajeer-3733	404	2	jong	jong	PROPN
ajeer-3733	404	3	,	,	PUNCT
ajeer-3733	404	4	p.	p.	NOUN
ajeer-3733	404	5	(	(	PUNCT
ajeer-3733	404	6	1991	1991	NUM
ajeer-3733	404	7	)	)	PUNCT
ajeer-3733	404	8	.	.	PUNCT
ajeer-3733	405	1	the	the	DET
ajeer-3733	405	2	diffuse	diffuse	PROPN
ajeer-3733	405	3	kalman	kalman	PROPN
ajeer-3733	405	4	filter	filter	NOUN
ajeer-3733	405	5	.	.	PUNCT
ajeer-3733	406	1	the	the	DET
ajeer-3733	406	2	annals	annal	NOUN
ajeer-3733	406	3	of	of	ADP
ajeer-3733	406	4	statistics	statistic	NOUN
ajeer-3733	406	5	,	,	PUNCT
ajeer-3733	406	6	19(2	19(2	NUM
ajeer-3733	406	7	)	)	PUNCT
ajeer-3733	406	8	,	,	PUNCT
ajeer-3733	406	9	1073–1083	1073–1083	NUM
ajeer-3733	406	10	.	.	PUNCT
ajeer-3733	407	1	dinerstein	dinerstein	PROPN
ajeer-3733	407	2	,	,	PUNCT
ajeer-3733	407	3	m.	m.	NOUN
ajeer-3733	407	4	,	,	PUNCT
ajeer-3733	407	5	&	&	CCONJ
ajeer-3733	407	6	huntley	huntley	PROPN
ajeer-3733	407	7	,	,	PUNCT
ajeer-3733	407	8	j.	j.	PROPN
ajeer-3733	407	9	(	(	PUNCT
ajeer-3733	407	10	2020	2020	NUM
ajeer-3733	407	11	)	)	PUNCT
ajeer-3733	407	12	.	.	PUNCT
ajeer-3733	408	1	lasting	last	VERB
ajeer-3733	408	2	macroeconomic	macroeconomic	ADJ
ajeer-3733	408	3	impacts	impact	NOUN
ajeer-3733	408	4	of	of	ADP
ajeer-3733	408	5	the	the	DET
ajeer-3733	408	6	coronavirus	coronavirus	NOUN
ajeer-3733	408	7	crisis	crisis	NOUN
ajeer-3733	408	8	,	,	PUNCT
ajeer-3733	408	9	absent	absent	ADJ
ajeer-3733	408	10	fiscal	fiscal	ADJ
ajeer-3733	408	11	policy	policy	NOUN
ajeer-3733	408	12	response	response	NOUN
ajeer-3733	408	13	.	.	PUNCT
ajeer-3733	409	1	penn	penn	PROPN
ajeer-3733	409	2	wharton	wharton	PROPN
ajeer-3733	409	3	budget	budget	PROPN
ajeer-3733	409	4	model	model	PROPN
ajeer-3733	409	5	blog	blog	PROPN
ajeer-3733	409	6	.	.	PUNCT
ajeer-3733	410	1	retrieved	retrieve	VERB
ajeer-3733	410	2	from	from	ADP
ajeer-3733	410	3	https://budgetmodel.wharton.upenn.edu	https://budgetmodel.wharton.upenn.edu	PROPN
ajeer-3733	410	4	.	.	PUNCT
ajeer-3733	411	1	engen	engen	PROPN
ajeer-3733	411	2	,	,	PUNCT
ajeer-3733	411	3	e.	e.	PROPN
ajeer-3733	411	4	,	,	PUNCT
ajeer-3733	411	5	&	&	CCONJ
ajeer-3733	411	6	hubbard	hubbard	PROPN
ajeer-3733	411	7	,	,	PUNCT
ajeer-3733	411	8	r.	r.	PROPN
ajeer-3733	411	9	g.	g.	PROPN
ajeer-3733	411	10	(	(	PUNCT
ajeer-3733	411	11	2004	2004	NUM
ajeer-3733	411	12	)	)	PUNCT
ajeer-3733	411	13	.	.	PUNCT
ajeer-3733	412	1	federal	federal	ADJ
ajeer-3733	412	2	government	government	NOUN
ajeer-3733	412	3	debt	debt	NOUN
ajeer-3733	412	4	and	and	CCONJ
ajeer-3733	412	5	interest	interest	NOUN
ajeer-3733	412	6	rates	rate	NOUN
ajeer-3733	412	7	.	.	PUNCT
ajeer-3733	413	1	nber	nber	PROPN
ajeer-3733	413	2	working	working	PROPN
ajeer-3733	413	3	paper	paper	PROPN
ajeer-3733	413	4	no	no	INTJ
ajeer-3733	413	5	.	.	PROPN
ajeer-3733	414	1	10681	10681	NUM
ajeer-3733	414	2	(	(	PUNCT
ajeer-3733	414	3	cambridge	cambridge	PROPN
ajeer-3733	414	4	,	,	PUNCT
ajeer-3733	414	5	ma	ma	PROPN
ajeer-3733	414	6	:	:	PUNCT
ajeer-3733	414	7	national	national	PROPN
ajeer-3733	414	8	bureau	bureau	PROPN
ajeer-3733	414	9	of	of	ADP
ajeer-3733	414	10	economic	economic	ADJ
ajeer-3733	414	11	research	research	NOUN
ajeer-3733	414	12	)	)	PUNCT
ajeer-3733	414	13	.	.	PUNCT
ajeer-3733	415	1	fatás	fatás	PROPN
ajeer-3733	415	2	,	,	PUNCT
ajeer-3733	415	3	a.	a.	PROPN
ajeer-3733	415	4	,	,	PUNCT
ajeer-3733	415	5	&	&	CCONJ
ajeer-3733	415	6	mihov	mihov	PROPN
ajeer-3733	415	7	,	,	PUNCT
ajeer-3733	415	8	i.	i.	PROPN
ajeer-3733	415	9	(	(	PUNCT
ajeer-3733	415	10	2001	2001	NUM
ajeer-3733	415	11	)	)	PUNCT
ajeer-3733	415	12	.	.	PUNCT
ajeer-3733	416	1	the	the	DET
ajeer-3733	416	2	effects	effect	NOUN
ajeer-3733	416	3	of	of	ADP
ajeer-3733	416	4	fiscal	fiscal	ADJ
ajeer-3733	416	5	policy	policy	NOUN
ajeer-3733	416	6	on	on	ADP
ajeer-3733	416	7	consumption	consumption	NOUN
ajeer-3733	416	8	and	and	CCONJ
ajeer-3733	416	9	employment	employment	NOUN
ajeer-3733	416	10	:	:	PUNCT
ajeer-3733	416	11	theory	theory	NOUN
ajeer-3733	416	12	and	and	CCONJ
ajeer-3733	416	13	evidence	evidence	NOUN
ajeer-3733	416	14	.	.	PUNCT
ajeer-3733	417	1	cepr	cepr	ADJ
ajeer-3733	417	2	discussion	discussion	NOUN
ajeer-3733	417	3	papers	paper	NOUN
ajeer-3733	417	4	no	no	INTJ
ajeer-3733	417	5	.	.	NOUN
ajeer-3733	417	6	2760	2760	NUM
ajeer-3733	417	7	.	.	PUNCT
ajeer-3733	418	1	(	(	PUNCT
ajeer-3733	418	2	london	london	PROPN
ajeer-3733	418	3	:	:	PUNCT
ajeer-3733	418	4	center	center	NOUN
ajeer-3733	418	5	for	for	ADP
ajeer-3733	418	6	economic	economic	ADJ
ajeer-3733	418	7	and	and	CCONJ
ajeer-3733	418	8	policy	policy	NOUN
ajeer-3733	418	9	research	research	NOUN
ajeer-3733	418	10	)	)	PUNCT
ajeer-3733	418	11	.	.	PUNCT
ajeer-3733	419	1	fedelino	fedelino	PROPN
ajeer-3733	419	2	,	,	PUNCT
ajeer-3733	419	3	a.	a.	PROPN
ajeer-3733	419	4	,	,	PUNCT
ajeer-3733	419	5	ivanova	ivanova	PROPN
ajeer-3733	419	6	a.	a.	PROPN
ajeer-3733	419	7	,	,	PUNCT
ajeer-3733	419	8	&	&	CCONJ
ajeer-3733	419	9	horton	horton	PROPN
ajeer-3733	419	10	,	,	PUNCT
ajeer-3733	419	11	m.	m.	NOUN
ajeer-3733	419	12	(	(	PUNCT
ajeer-3733	419	13	2009	2009	NUM
ajeer-3733	419	14	)	)	PUNCT
ajeer-3733	419	15	.	.	PUNCT
ajeer-3733	420	1	computing	compute	VERB
ajeer-3733	420	2	cyclically	cyclically	ADV
ajeer-3733	420	3	adjusted	adjust	VERB
ajeer-3733	420	4	balances	balance	NOUN
ajeer-3733	420	5	and	and	CCONJ
ajeer-3733	420	6	automatic	automatic	ADJ
ajeer-3733	420	7	stabilizers	stabilizer	NOUN
ajeer-3733	420	8	.	.	PUNCT
ajeer-3733	421	1	technical	technical	ADJ
ajeer-3733	421	2	notes	note	NOUN
ajeer-3733	421	3	and	and	CCONJ
ajeer-3733	421	4	manuals	manual	NOUN
ajeer-3733	421	5	(	(	PUNCT
ajeer-3733	421	6	washington	washington	PROPN
ajeer-3733	421	7	:	:	PUNCT
ajeer-3733	421	8	imf	imf	PROPN
ajeer-3733	421	9	)	)	PUNCT
ajeer-3733	421	10	.	.	PUNCT
ajeer-3733	422	1	retrieved	retrieve	VERB
ajeer-3733	422	2	from	from	ADP
ajeer-3733	422	3	http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf	http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf	PROPN
ajeer-3733	422	4	.	.	PUNCT
ajeer-3733	423	1	fukac	fukac	PROPN
ajeer-3733	423	2	,	,	PUNCT
ajeer-3733	423	3	m.	m.	NOUN
ajeer-3733	423	4	,	,	PUNCT
ajeer-3733	423	5	&	&	CCONJ
ajeer-3733	423	6	pagan	pagan	PROPN
ajeer-3733	423	7	,	,	PUNCT
ajeer-3733	423	8	a.	a.	NOUN
ajeer-3733	423	9	(	(	PUNCT
ajeer-3733	423	10	2010	2010	NUM
ajeer-3733	423	11	)	)	PUNCT
ajeer-3733	423	12	.	.	PUNCT
ajeer-3733	424	1	structural	structural	ADJ
ajeer-3733	424	2	macro	macro	ADJ
ajeer-3733	424	3	-	-	ADJ
ajeer-3733	424	4	econometric	econometric	ADJ
ajeer-3733	424	5	modelling	modelling	NOUN
ajeer-3733	424	6	in	in	ADP
ajeer-3733	424	7	a	a	DET
ajeer-3733	424	8	policy	policy	NOUN
ajeer-3733	424	9	environment	environment	NOUN
ajeer-3733	424	10	.	.	PUNCT
ajeer-3733	425	1	research	research	NOUN
ajeer-3733	425	2	working	working	NOUN
ajeer-3733	425	3	paper	paper	NOUN
ajeer-3733	425	4	,	,	PUNCT
ajeer-3733	425	5	no	no	INTJ
ajeer-3733	425	6	.	.	PUNCT
ajeer-3733	426	1	rwp	rwp	PROPN
ajeer-3733	426	2	10	10	NUM
ajeer-3733	426	3	-	-	SYM
ajeer-3733	426	4	08	08	NUM
ajeer-3733	426	5	(	(	PUNCT
ajeer-3733	426	6	kansas	kansas	PROPN
ajeer-3733	426	7	city	city	PROPN
ajeer-3733	426	8	:	:	PUNCT
ajeer-3733	426	9	federal	federal	PROPN
ajeer-3733	426	10	reserve	reserve	PROPN
ajeer-3733	426	11	bank	bank	PROPN
ajeer-3733	426	12	of	of	ADP
ajeer-3733	426	13	kansas	kansas	PROPN
ajeer-3733	426	14	city	city	PROPN
ajeer-3733	426	15	)	)	PUNCT
ajeer-3733	426	16	.	.	PUNCT
ajeer-3733	427	1	giavazzi	giavazzi	PROPN
ajeer-3733	427	2	,	,	PUNCT
ajeer-3733	427	3	f.	f.	PROPN
ajeer-3733	427	4	,	,	PUNCT
ajeer-3733	427	5	&	&	CCONJ
ajeer-3733	427	6	pagano	pagano	PROPN
ajeer-3733	427	7	,	,	PUNCT
ajeer-3733	427	8	m.	m.	NOUN
ajeer-3733	427	9	(	(	PUNCT
ajeer-3733	427	10	1996	1996	NUM
ajeer-3733	427	11	)	)	PUNCT
ajeer-3733	427	12	.	.	PUNCT
ajeer-3733	428	1	non	non	ADJ
ajeer-3733	428	2	-	-	ADJ
ajeer-3733	428	3	keynesian	keynesian	ADJ
ajeer-3733	428	4	effects	effect	NOUN
ajeer-3733	428	5	of	of	ADP
ajeer-3733	428	6	fiscal	fiscal	ADJ
ajeer-3733	428	7	policy	policy	NOUN
ajeer-3733	428	8	changes	change	NOUN
ajeer-3733	428	9	:	:	PUNCT
ajeer-3733	428	10	international	international	ADJ
ajeer-3733	428	11	evidence	evidence	NOUN
ajeer-3733	428	12	and	and	CCONJ
ajeer-3733	428	13	the	the	DET
ajeer-3733	428	14	swedish	swedish	ADJ
ajeer-3733	428	15	experience	experience	NOUN
ajeer-3733	428	16	.	.	PUNCT
ajeer-3733	429	1	swedish	swedish	ADJ
ajeer-3733	429	2	economic	economic	ADJ
ajeer-3733	429	3	policy	policy	NOUN
ajeer-3733	429	4	review	review	NOUN
ajeer-3733	429	5	,	,	PUNCT
ajeer-3733	429	6	3(1	3(1	NUM
ajeer-3733	429	7	)	)	PUNCT
ajeer-3733	429	8	,	,	PUNCT
ajeer-3733	430	1	67–112	67–112	PROPN
ajeer-3733	430	2	.	.	PUNCT
ajeer-3733	430	3	hamilton	hamilton	PROPN
ajeer-3733	430	4	,	,	PUNCT
ajeer-3733	430	5	j.	j.	PROPN
ajeer-3733	430	6	(	(	PUNCT
ajeer-3733	430	7	1994	1994	NUM
ajeer-3733	430	8	)	)	PUNCT
ajeer-3733	430	9	.	.	PUNCT
ajeer-3733	431	1	time	time	PROPN
ajeer-3733	431	2	series	series	PROPN
ajeer-3733	431	3	analysis	analysis	PROPN
ajeer-3733	431	4	.	.	PUNCT
ajeer-3733	432	1	princeton	princeton	PROPN
ajeer-3733	432	2	:	:	PUNCT
ajeer-3733	432	3	princeton	princeton	PROPN
ajeer-3733	432	4	university	university	PROPN
ajeer-3733	432	5	press	press	NOUN
ajeer-3733	432	6	.	.	PUNCT
ajeer-3733	433	1	hm	hm	INTJ
ajeer-3733	433	2	treasury	treasury	PROPN
ajeer-3733	433	3	.	.	PUNCT
ajeer-3733	434	1	(	(	PUNCT
ajeer-3733	434	2	2008	2008	NUM
ajeer-3733	434	3	)	)	PUNCT
ajeer-3733	434	4	.	.	PUNCT
ajeer-3733	435	1	fiscal	fiscal	ADJ
ajeer-3733	435	2	policy	policy	NOUN
ajeer-3733	435	3	in	in	ADP
ajeer-3733	435	4	the	the	DET
ajeer-3733	435	5	uk	uk	PROPN
ajeer-3733	435	6	.	.	PROPN
ajeer-3733	435	7	london	london	PROPN
ajeer-3733	435	8	:	:	PUNCT
ajeer-3733	435	9	hm	hm	INTJ
ajeer-3733	435	10	treasury	treasury	PROPN
ajeer-3733	435	11	.	.	PUNCT
ajeer-3733	436	1	ilzetzki	ilzetzki	PROPN
ajeer-3733	436	2	,	,	PUNCT
ajeer-3733	436	3	e.	e.	PROPN
ajeer-3733	436	4	(	(	PUNCT
ajeer-3733	436	5	2011	2011	NUM
ajeer-3733	436	6	)	)	PUNCT
ajeer-3733	436	7	.	.	PUNCT
ajeer-3733	437	1	fiscal	fiscal	ADJ
ajeer-3733	437	2	policy	policy	NOUN
ajeer-3733	437	3	and	and	CCONJ
ajeer-3733	437	4	debt	debt	NOUN
ajeer-3733	437	5	dynamics	dynamic	NOUN
ajeer-3733	437	6	in	in	ADP
ajeer-3733	437	7	developing	develop	VERB
ajeer-3733	437	8	countries	country	NOUN
ajeer-3733	437	9	.	.	PUNCT
ajeer-3733	438	1	policy	policy	NOUN
ajeer-3733	438	2	research	research	NOUN
ajeer-3733	438	3	working	working	NOUN
ajeer-3733	438	4	paper	paper	NOUN
ajeer-3733	438	5	series	series	PROPN
ajeer-3733	438	6	no	no	PROPN
ajeer-3733	438	7	.	.	PROPN
ajeer-3733	439	1	5666	5666	NUM
ajeer-3733	439	2	(	(	PUNCT
ajeer-3733	439	3	washington	washington	PROPN
ajeer-3733	439	4	:	:	PUNCT
ajeer-3733	439	5	world	world	PROPN
ajeer-3733	439	6	bank	bank	PROPN
ajeer-3733	439	7	)	)	PUNCT
ajeer-3733	439	8	.	.	PUNCT
ajeer-3733	440	1	imf	imf	PROPN
ajeer-3733	440	2	(	(	PUNCT
ajeer-3733	440	3	international	international	ADJ
ajeer-3733	440	4	monetary	monetary	ADJ
ajeer-3733	440	5	fund	fund	NOUN
ajeer-3733	440	6	)	)	PUNCT
ajeer-3733	440	7	.	.	PUNCT
ajeer-3733	441	1	(	(	PUNCT
ajeer-3733	441	2	2018a	2018a	NUM
ajeer-3733	441	3	)	)	PUNCT
ajeer-3733	441	4	.	.	PUNCT
ajeer-3733	442	1	cambodia	cambodia	PROPN
ajeer-3733	442	2	:	:	PUNCT
ajeer-3733	442	3	technical	technical	ADJ
ajeer-3733	442	4	assistance	assistance	NOUN
ajeer-3733	442	5	report	report	NOUN
ajeer-3733	442	6	—	—	PUNCT
ajeer-3733	442	7	tax	tax	NOUN
ajeer-3733	442	8	administration	administration	NOUN
ajeer-3733	442	9	modernization	modernization	NOUN
ajeer-3733	442	10	priorities	priority	NOUN
ajeer-3733	442	11	2019–23	2019–23	NUM
ajeer-3733	442	12	.	.	PUNCT
ajeer-3733	443	1	imf	imf	PROPN
ajeer-3733	443	2	country	country	PROPN
ajeer-3733	443	3	report	report	VERB
ajeer-3733	443	4	no.18/305	no.18/305	PROPN
ajeer-3733	443	5	(	(	PUNCT
ajeer-3733	443	6	washington	washington	PROPN
ajeer-3733	443	7	:	:	PUNCT
ajeer-3733	443	8	imf	imf	PROPN
ajeer-3733	443	9	)	)	PUNCT
ajeer-3733	443	10	.	.	PUNCT
ajeer-3733	444	1	retrieved	retrieve	VERB
ajeer-3733	444	2	from	from	ADP
ajeer-3733	444	3	https://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administrationmodernization-priorities-201923-46336	https://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administrationmodernization-priorities-201923-46336	PROPN
ajeer-3733	444	4	.	.	PUNCT
ajeer-3733	445	1	imf	imf	PROPN
ajeer-3733	445	2	(	(	PUNCT
ajeer-3733	445	3	international	international	ADJ
ajeer-3733	445	4	monetary	monetary	ADJ
ajeer-3733	445	5	fund	fund	NOUN
ajeer-3733	445	6	)	)	PUNCT
ajeer-3733	445	7	.	.	PUNCT
ajeer-3733	446	1	(	(	PUNCT
ajeer-3733	446	2	2018b	2018b	NUM
ajeer-3733	446	3	)	)	PUNCT
ajeer-3733	446	4	.	.	PUNCT
ajeer-3733	447	1	cambodia	cambodia	PROPN
ajeer-3733	447	2	:	:	PUNCT
ajeer-3733	447	3	2018	2018	NUM
ajeer-3733	447	4	article	article	NOUN
ajeer-3733	447	5	iv	iv	NUM
ajeer-3733	447	6	consultation	consultation	NOUN
ajeer-3733	447	7	;	;	PUNCT
ajeer-3733	447	8	press	press	NOUN
ajeer-3733	447	9	release	release	NOUN
ajeer-3733	447	10	;	;	PUNCT
ajeer-3733	447	11	staff	staff	NOUN
ajeer-3733	447	12	report	report	NOUN
ajeer-3733	447	13	(	(	PUNCT
ajeer-3733	447	14	washington	washington	PROPN
ajeer-3733	447	15	:	:	PUNCT
ajeer-3733	447	16	imf	imf	PROPN
ajeer-3733	447	17	)	)	PUNCT
ajeer-3733	447	18	.	.	PUNCT
ajeer-3733	448	1	retrieved	retrieve	VERB
ajeer-3733	448	2	from	from	ADP
ajeer-3733	448	3	https://www.imf.org/~/media/files/publications/cr/2018/cr18369.ashx	https://www.imf.org/~/media/files/publications/cr/2018/cr18369.ashx	NOUN
ajeer-3733	448	4	.	.	PUNCT
ajeer-3733	449	1	imf	imf	PROPN
ajeer-3733	449	2	(	(	PUNCT
ajeer-3733	449	3	international	international	ADJ
ajeer-3733	449	4	monetary	monetary	ADJ
ajeer-3733	449	5	fund	fund	NOUN
ajeer-3733	449	6	)	)	PUNCT
ajeer-3733	449	7	.	.	PUNCT
ajeer-3733	450	1	(	(	PUNCT
ajeer-3733	450	2	2018c	2018c	NUM
ajeer-3733	450	3	)	)	PUNCT
ajeer-3733	450	4	.	.	PUNCT
ajeer-3733	451	1	annual	annual	ADJ
ajeer-3733	451	2	report	report	NOUN
ajeer-3733	451	3	on	on	ADP
ajeer-3733	451	4	exchange	exchange	NOUN
ajeer-3733	451	5	arrangements	arrangement	NOUN
ajeer-3733	451	6	and	and	CCONJ
ajeer-3733	451	7	exchange	exchange	NOUN
ajeer-3733	451	8	restrictions	restriction	NOUN
ajeer-3733	451	9	2018	2018	NUM
ajeer-3733	451	10	.	.	PUNCT
ajeer-3733	452	1	(	(	PUNCT
ajeer-3733	452	2	washington	washington	PROPN
ajeer-3733	452	3	:	:	PUNCT
ajeer-3733	452	4	imf	imf	PROPN
ajeer-3733	452	5	)	)	PUNCT
ajeer-3733	452	6	.	.	PUNCT
ajeer-3733	453	1	retrieved	retrieve	VERB
ajeer-3733	453	2	from	from	ADP
ajeer-3733	453	3	https://www.elibrary-areaer.imf.org/documents/yearlyreport/areaer_2018.pdf	https://www.elibrary-areaer.imf.org/documents/yearlyreport/areaer_2018.pdf	PROPN
ajeer-3733	453	4	.	.	PUNCT
ajeer-3733	454	1	imf	imf	PROPN
ajeer-3733	454	2	(	(	PUNCT
ajeer-3733	454	3	international	international	ADJ
ajeer-3733	454	4	monetary	monetary	ADJ
ajeer-3733	454	5	fund	fund	NOUN
ajeer-3733	454	6	)	)	PUNCT
ajeer-3733	454	7	.	.	PUNCT
ajeer-3733	455	1	(	(	PUNCT
ajeer-3733	455	2	2019	2019	NUM
ajeer-3733	455	3	)	)	PUNCT
ajeer-3733	455	4	.	.	PUNCT
ajeer-3733	456	1	cambodia	cambodia	PROPN
ajeer-3733	456	2	:	:	PUNCT
ajeer-3733	456	3	2019	2019	NUM
ajeer-3733	456	4	article	article	NOUN
ajeer-3733	456	5	iv	iv	NUM
ajeer-3733	456	6	consultation	consultation	NOUN
ajeer-3733	456	7	;	;	PUNCT
ajeer-3733	456	8	press	press	NOUN
ajeer-3733	456	9	release	release	NOUN
ajeer-3733	456	10	;	;	PUNCT
ajeer-3733	456	11	staff	staff	NOUN
ajeer-3733	456	12	report	report	NOUN
ajeer-3733	456	13	.	.	PUNCT
ajeer-3733	457	1	(	(	PUNCT
ajeer-3733	457	2	washington	washington	PROPN
ajeer-3733	457	3	:	:	PUNCT
ajeer-3733	457	4	imf	imf	PROPN
ajeer-3733	457	5	)	)	PUNCT
ajeer-3733	457	6	.	.	PUNCT
ajeer-3733	458	1	retrieved	retrieve	VERB
ajeer-3733	458	2	from	from	ADP
ajeer-3733	458	3	https://www.imf.org/~/media/files/publications/cr/2019/1khmea2019001.ashx	https://www.imf.org/~/media/files/publications/cr/2019/1khmea2019001.ashx	PROPN
ajeer-3733	458	4	.	.	PUNCT
ajeer-3733	459	1	jaramillo	jaramillo	PROPN
ajeer-3733	459	2	,	,	PUNCT
ajeer-3733	459	3	l.	l.	PROPN
ajeer-3733	459	4	,	,	PUNCT
ajeer-3733	459	5	&	&	CCONJ
ajeer-3733	459	6	weber	weber	PROPN
ajeer-3733	459	7	,	,	PUNCT
ajeer-3733	459	8	a.	a.	PROPN
ajeer-3733	459	9	(	(	PUNCT
ajeer-3733	459	10	2012	2012	NUM
ajeer-3733	459	11	)	)	PUNCT
ajeer-3733	459	12	.	.	PUNCT
ajeer-3733	460	1	bond	bond	NOUN
ajeer-3733	460	2	yields	yield	NOUN
ajeer-3733	460	3	in	in	ADP
ajeer-3733	460	4	emerging	emerge	VERB
ajeer-3733	460	5	economies	economy	NOUN
ajeer-3733	460	6	:	:	PUNCT
ajeer-3733	460	7	it	it	PRON
ajeer-3733	460	8	matters	matter	VERB
ajeer-3733	460	9	what	what	DET
ajeer-3733	460	10	state	state	NOUN
ajeer-3733	460	11	you	you	PRON
ajeer-3733	460	12	are	be	AUX
ajeer-3733	460	13	in	in	ADP
ajeer-3733	460	14	.	.	PUNCT
ajeer-3733	461	1	imf	imf	PROPN
ajeer-3733	461	2	working	working	PROPN
ajeer-3733	461	3	paper	paper	PROPN
ajeer-3733	461	4	no.12/198	no.12/198	PROPN
ajeer-3733	461	5	(	(	PUNCT
ajeer-3733	461	6	washington	washington	PROPN
ajeer-3733	461	7	:	:	PUNCT
ajeer-3733	461	8	imf	imf	PROPN
ajeer-3733	461	9	)	)	PUNCT
ajeer-3733	461	10	.	.	PUNCT
ajeer-3733	462	1	jordà	jordà	PROPN
ajeer-3733	462	2	,	,	PUNCT
ajeer-3733	462	3	ò	ò	PROPN
ajeer-3733	462	4	.	.	PROPN
ajeer-3733	462	5	,	,	PUNCT
ajeer-3733	462	6	singh	singh	PROPN
ajeer-3733	462	7	,	,	PUNCT
ajeer-3733	462	8	s.r	s.r	PROPN
ajeer-3733	462	9	.	.	PROPN
ajeer-3733	462	10	s.	s.	PROPN
ajeer-3733	462	11	,	,	PUNCT
ajeer-3733	462	12	&	&	CCONJ
ajeer-3733	462	13	taylor	taylor	PROPN
ajeer-3733	462	14	,	,	PUNCT
ajeer-3733	462	15	a.m.	a.m.	PROPN
ajeer-3733	462	16	(	(	PUNCT
ajeer-3733	462	17	2020	2020	NUM
ajeer-3733	462	18	)	)	PUNCT
ajeer-3733	462	19	.	.	PUNCT
ajeer-3733	463	1	longer	long	ADV
ajeer-3733	463	2	-	-	PUNCT
ajeer-3733	463	3	run	run	VERB
ajeer-3733	463	4	economic	economic	ADJ
ajeer-3733	463	5	consequences	consequence	NOUN
ajeer-3733	463	6	of	of	ADP
ajeer-3733	463	7	pandemics	pandemic	NOUN
ajeer-3733	463	8	.	.	PUNCT
ajeer-3733	464	1	nber	nber	PROPN
ajeer-3733	464	2	working	working	PROPN
ajeer-3733	464	3	paper	paper	PROPN
ajeer-3733	464	4	no	no	INTJ
ajeer-3733	464	5	.	.	PROPN
ajeer-3733	464	6	26934	26934	NUM
ajeer-3733	464	7	(	(	PUNCT
ajeer-3733	464	8	cambridge	cambridge	PROPN
ajeer-3733	464	9	,	,	PUNCT
ajeer-3733	464	10	ma	ma	PROPN
ajeer-3733	464	11	:	:	PUNCT
ajeer-3733	464	12	national	national	PROPN
ajeer-3733	464	13	bureau	bureau	PROPN
ajeer-3733	464	14	of	of	ADP
ajeer-3733	464	15	economic	economic	ADJ
ajeer-3733	464	16	research	research	NOUN
ajeer-3733	464	17	)	)	PUNCT
ajeer-3733	464	18	.	.	PUNCT
ajeer-3733	465	1	kamenik	kamenik	NOUN
ajeer-3733	465	2	,	,	PUNCT
ajeer-3733	465	3	o.	o.	PROPN
ajeer-3733	465	4	,	,	PUNCT
ajeer-3733	465	5	tuma	tuma	PROPN
ajeer-3733	465	6	,	,	PUNCT
ajeer-3733	465	7	z.	z.	PROPN
ajeer-3733	465	8	,	,	PUNCT
ajeer-3733	465	9	vavra	vavra	NOUN
ajeer-3733	465	10	,	,	PUNCT
ajeer-3733	465	11	d.	d.	PROPN
ajeer-3733	465	12	,	,	PUNCT
ajeer-3733	465	13	&	&	CCONJ
ajeer-3733	465	14	smidova	smidova	PROPN
ajeer-3733	465	15	z.	z.	PROPN
ajeer-3733	465	16	(	(	PUNCT
ajeer-3733	465	17	2013	2013	NUM
ajeer-3733	465	18	)	)	PUNCT
ajeer-3733	465	19	.	.	PUNCT
ajeer-3733	466	1	a	a	DET
ajeer-3733	466	2	simple	simple	ADJ
ajeer-3733	466	3	fiscal	fiscal	ADJ
ajeer-3733	466	4	stress	stress	NOUN
ajeer-3733	466	5	testing	testing	NOUN
ajeer-3733	466	6	model	model	NOUN
ajeer-3733	466	7	:	:	PUNCT
ajeer-3733	466	8	case	case	NOUN
ajeer-3733	466	9	studies	study	NOUN
ajeer-3733	466	10	of	of	ADP
ajeer-3733	466	11	austrian	austrian	NOUN
ajeer-3733	466	12	,	,	PUNCT
ajeer-3733	466	13	czech	czech	ADJ
ajeer-3733	466	14	and	and	CCONJ
ajeer-3733	466	15	german	german	ADJ
ajeer-3733	466	16	economies	economy	NOUN
ajeer-3733	466	17	.	.	PUNCT
ajeer-3733	467	1	oecd	oecd	PROPN
ajeer-3733	467	2	economics	economics	PROPN
ajeer-3733	467	3	department	department	PROPN
ajeer-3733	467	4	working	working	PROPN
ajeer-3733	467	5	papers	paper	NOUN
ajeer-3733	467	6	no	no	INTJ
ajeer-3733	467	7	.	.	PUNCT
ajeer-3733	467	8	1074	1074	NUM
ajeer-3733	467	9	(	(	PUNCT
ajeer-3733	467	10	paris	paris	PROPN
ajeer-3733	467	11	:	:	PUNCT
ajeer-3733	467	12	oecd	oecd	PROPN
ajeer-3733	467	13	)	)	PUNCT
ajeer-3733	467	14	.	.	PUNCT
ajeer-3733	468	1	obstfeld	obstfeld	PROPN
ajeer-3733	468	2	,	,	PUNCT
ajeer-3733	468	3	m.	m.	NOUN
ajeer-3733	468	4	,	,	PUNCT
ajeer-3733	468	5	shambaugh	shambaugh	NOUN
ajeer-3733	468	6	,	,	PUNCT
ajeer-3733	468	7	j.	j.	PROPN
ajeer-3733	468	8	c.	c.	PROPN
ajeer-3733	468	9	,	,	PUNCT
ajeer-3733	468	10	&	&	CCONJ
ajeer-3733	468	11	taylor	taylor	PROPN
ajeer-3733	468	12	,	,	PUNCT
ajeer-3733	468	13	a.	a.	NOUN
ajeer-3733	468	14	m.	m.	NOUN
ajeer-3733	468	15	(	(	PUNCT
ajeer-3733	468	16	2005	2005	NUM
ajeer-3733	468	17	)	)	PUNCT
ajeer-3733	468	18	.	.	PUNCT
ajeer-3733	469	1	the	the	DET
ajeer-3733	469	2	trilemma	trilemma	NOUN
ajeer-3733	469	3	in	in	ADP
ajeer-3733	469	4	history	history	NOUN
ajeer-3733	469	5	:	:	PUNCT
ajeer-3733	469	6	tradeoffs	tradeoff	NOUN
ajeer-3733	469	7	among	among	ADP
ajeer-3733	469	8	exchange	exchange	NOUN
ajeer-3733	469	9	rates	rate	NOUN
ajeer-3733	469	10	,	,	PUNCT
ajeer-3733	469	11	monetary	monetary	ADJ
ajeer-3733	469	12	policies	policy	NOUN
ajeer-3733	469	13	,	,	PUNCT
ajeer-3733	469	14	and	and	CCONJ
ajeer-3733	469	15	capital	capital	NOUN
ajeer-3733	469	16	mobility	mobility	NOUN
ajeer-3733	469	17	.	.	PUNCT
ajeer-3733	470	1	review	review	NOUN
ajeer-3733	470	2	of	of	ADP
ajeer-3733	470	3	economics	economic	NOUN
ajeer-3733	470	4	and	and	CCONJ
ajeer-3733	470	5	statistics	statistic	NOUN
ajeer-3733	470	6	,	,	PUNCT
ajeer-3733	470	7	87(3	87(3	NOUN
ajeer-3733	470	8	)	)	PUNCT
ajeer-3733	470	9	,	,	PUNCT
ajeer-3733	470	10	423-438.available	423-438.available	NUM
ajeer-3733	470	11	at	at	ADP
ajeer-3733	470	12	:	:	PUNCT
ajeer-3733	470	13	https://doi.org/10.1162/0034653054638300	https://doi.org/10.1162/0034653054638300	NOUN
ajeer-3733	470	14	.	.	PUNCT
ajeer-3733	471	1	owyang	owyang	PROPN
ajeer-3733	471	2	,	,	PUNCT
ajeer-3733	471	3	m.	m.	NOUN
ajeer-3733	471	4	t.	t.	PROPN
ajeer-3733	471	5	,	,	PUNCT
ajeer-3733	471	6	ramey	ramey	PROPN
ajeer-3733	471	7	,	,	PUNCT
ajeer-3733	471	8	v.	v.	PROPN
ajeer-3733	471	9	a.	a.	PROPN
ajeer-3733	471	10	,	,	PUNCT
ajeer-3733	471	11	&	&	CCONJ
ajeer-3733	471	12	zubairy	zubairy	NOUN
ajeer-3733	471	13	,	,	PUNCT
ajeer-3733	471	14	s.	s.	PROPN
ajeer-3733	471	15	(	(	PUNCT
ajeer-3733	471	16	2013	2013	NUM
ajeer-3733	471	17	)	)	PUNCT
ajeer-3733	471	18	.	.	PUNCT
ajeer-3733	472	1	are	be	AUX
ajeer-3733	472	2	government	government	NOUN
ajeer-3733	472	3	spending	spending	NOUN
ajeer-3733	472	4	multipliers	multiplier	NOUN
ajeer-3733	472	5	greater	great	ADJ
ajeer-3733	472	6	during	during	ADP
ajeer-3733	472	7	periods	period	NOUN
ajeer-3733	472	8	of	of	ADP
ajeer-3733	472	9	slack	slack	NOUN
ajeer-3733	472	10	?	?	PUNCT
ajeer-3733	473	1	evidence	evidence	NOUN
ajeer-3733	473	2	from	from	ADP
ajeer-3733	473	3	twentieth	twentieth	ADJ
ajeer-3733	473	4	-	-	PUNCT
ajeer-3733	473	5	century	century	NOUN
ajeer-3733	473	6	historical	historical	ADJ
ajeer-3733	473	7	data	datum	NOUN
ajeer-3733	473	8	.	.	PUNCT
ajeer-3733	474	1	american	american	PROPN
ajeer-3733	474	2	economic	economic	PROPN
ajeer-3733	474	3	review	review	PROPN
ajeer-3733	474	4	,	,	PUNCT
ajeer-3733	474	5	103(3	103(3	NUM
ajeer-3733	474	6	)	)	PUNCT
ajeer-3733	474	7	,	,	PUNCT
ajeer-3733	474	8	129-134.available	129-134.available	NUM
ajeer-3733	474	9	at	at	ADP
ajeer-3733	474	10	:	:	PUNCT
ajeer-3733	474	11	https://doi.org/10.1257/aer.103.3.129	https://doi.org/10.1257/aer.103.3.129	PROPN
ajeer-3733	474	12	.	.	PROPN
ajeer-3733	474	13	pallage	pallage	NOUN
ajeer-3733	474	14	,	,	PUNCT
ajeer-3733	474	15	s.	s.	PROPN
ajeer-3733	474	16	,	,	PUNCT
ajeer-3733	474	17	robe	robe	PROPN
ajeer-3733	474	18	,	,	PUNCT
ajeer-3733	474	19	m.	m.	NOUN
ajeer-3733	474	20	a.	a.	PROPN
ajeer-3733	474	21	,	,	PUNCT
ajeer-3733	474	22	&	&	CCONJ
ajeer-3733	474	23	bérubé	bérubé	PROPN
ajeer-3733	474	24	,	,	PUNCT
ajeer-3733	474	25	c.	c.	PROPN
ajeer-3733	474	26	(	(	PUNCT
ajeer-3733	474	27	2006	2006	NUM
ajeer-3733	474	28	)	)	PUNCT
ajeer-3733	474	29	.	.	PUNCT
ajeer-3733	475	1	the	the	DET
ajeer-3733	475	2	potential	potential	NOUN
ajeer-3733	475	3	of	of	ADP
ajeer-3733	475	4	foreign	foreign	ADJ
ajeer-3733	475	5	aid	aid	NOUN
ajeer-3733	475	6	as	as	ADP
ajeer-3733	475	7	insurance	insurance	NOUN
ajeer-3733	475	8	.	.	PUNCT
ajeer-3733	476	1	imf	imf	PROPN
ajeer-3733	476	2	staff	staff	NOUN
ajeer-3733	476	3	papers	paper	NOUN
ajeer-3733	476	4	,	,	PUNCT
ajeer-3733	476	5	53(3	53(3	NUM
ajeer-3733	476	6	)	)	PUNCT
ajeer-3733	476	7	,	,	PUNCT
ajeer-3733	476	8	453	453	NUM
ajeer-3733	476	9	-	-	SYM
ajeer-3733	476	10	475	475	NUM
ajeer-3733	476	11	.	.	PUNCT
ajeer-3733	477	1	plödt	plödt	PROPN
ajeer-3733	477	2	,	,	PUNCT
ajeer-3733	477	3	m.	m.	NOUN
ajeer-3733	477	4	,	,	PUNCT
ajeer-3733	477	5	&	&	CCONJ
ajeer-3733	477	6	reicher	reicher	PROPN
ajeer-3733	477	7	,	,	PUNCT
ajeer-3733	477	8	c.	c.	PROPN
ajeer-3733	477	9	a.	a.	PROPN
ajeer-3733	477	10	(	(	PUNCT
ajeer-3733	477	11	2015	2015	NUM
ajeer-3733	477	12	)	)	PUNCT
ajeer-3733	477	13	.	.	PUNCT
ajeer-3733	478	1	estimating	estimate	VERB
ajeer-3733	478	2	fiscal	fiscal	ADJ
ajeer-3733	478	3	policy	policy	NOUN
ajeer-3733	478	4	reaction	reaction	NOUN
ajeer-3733	478	5	functions	function	NOUN
ajeer-3733	478	6	:	:	PUNCT
ajeer-3733	478	7	the	the	DET
ajeer-3733	478	8	role	role	NOUN
ajeer-3733	478	9	of	of	ADP
ajeer-3733	478	10	model	model	NOUN
ajeer-3733	478	11	specification	specification	PROPN
ajeer-3733	478	12	.	.	PUNCT
ajeer-3733	479	1	journal	journal	PROPN
ajeer-3733	479	2	of	of	ADP
ajeer-3733	479	3	macroeconomics	macroeconomic	NOUN
ajeer-3733	479	4	,	,	PUNCT
ajeer-3733	479	5	46	46	NUM
ajeer-3733	479	6	,	,	PUNCT
ajeer-3733	479	7	113-128.available	113-128.available	NUM
ajeer-3733	479	8	at	at	ADP
ajeer-3733	479	9	:	:	PUNCT
ajeer-3733	479	10	https://doi.org/10.1016/j.jmacro.2015.08.005	https://doi.org/10.1016/j.jmacro.2015.08.005	PROPN
ajeer-3733	479	11	.	.	PUNCT
ajeer-3733	480	1	price	price	NOUN
ajeer-3733	480	2	,	,	PUNCT
ajeer-3733	480	3	r.	r.	PROPN
ajeer-3733	480	4	,	,	PUNCT
ajeer-3733	480	5	dang	dang	PROPN
ajeer-3733	480	6	,	,	PUNCT
ajeer-3733	480	7	t.-t	t.-t	NOUN
ajeer-3733	480	8	.	.	PUNCT
ajeer-3733	480	9	,	,	PUNCT
ajeer-3733	480	10	&	&	CCONJ
ajeer-3733	480	11	botev	botev	PROPN
ajeer-3733	480	12	j.	j.	PROPN
ajeer-3733	480	13	(	(	PUNCT
ajeer-3733	480	14	2015	2015	NUM
ajeer-3733	480	15	)	)	PUNCT
ajeer-3733	480	16	.	.	PUNCT
ajeer-3733	481	1	adjusting	adjust	VERB
ajeer-3733	481	2	fiscal	fiscal	ADJ
ajeer-3733	481	3	balances	balance	NOUN
ajeer-3733	481	4	for	for	ADP
ajeer-3733	481	5	the	the	DET
ajeer-3733	481	6	business	business	NOUN
ajeer-3733	481	7	cycle	cycle	NOUN
ajeer-3733	481	8	:	:	PUNCT
ajeer-3733	481	9	new	new	ADJ
ajeer-3733	481	10	tax	tax	NOUN
ajeer-3733	481	11	and	and	CCONJ
ajeer-3733	481	12	expenditure	expenditure	NOUN
ajeer-3733	481	13	elasticity	elasticity	NOUN
ajeer-3733	481	14	estimates	estimate	NOUN
ajeer-3733	481	15	for	for	ADP
ajeer-3733	481	16	oecd	oecd	PROPN
ajeer-3733	481	17	countries	country	NOUN
ajeer-3733	481	18	.	.	PUNCT
ajeer-3733	482	1	oecd	oecd	PROPN
ajeer-3733	482	2	working	working	PROPN
ajeer-3733	482	3	paper	paper	PROPN
ajeer-3733	482	4	no	no	INTJ
ajeer-3733	482	5	.	.	PUNCT
ajeer-3733	483	1	eco	eco	PROPN
ajeer-3733	483	2	/	/	SYM
ajeer-3733	483	3	wkp	wkp	ADJ
ajeer-3733	483	4	1275	1275	NUM
ajeer-3733	483	5	(	(	PUNCT
ajeer-3733	483	6	paris	paris	PROPN
ajeer-3733	483	7	:	:	PUNCT
ajeer-3733	483	8	oecd	oecd	PROPN
ajeer-3733	483	9	)	)	PUNCT
ajeer-3733	483	10	.	.	PUNCT
ajeer-3733	484	1	http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf	http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf	PROPN
ajeer-3733	484	2	http://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administration-modernization-priorities-201923-46336	http://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administration-modernization-priorities-201923-46336	NOUN
ajeer-3733	484	3	http://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administration-modernization-priorities-201923-46336	http://www.imf.org/en/publications/cr/issues/2018/11/07/cambodia-technical-assistance-report-tax-administration-modernization-priorities-201923-46336	PROPN
ajeer-3733	484	4	http://www.imf.org/~/media/files/publications/cr/2018/cr18369.ashx	http://www.imf.org/~/media/files/publications/cr/2018/cr18369.ashx	NOUN
ajeer-3733	484	5	http://www.elibrary-areaer.imf.org/documents/yearlyreport/areaer_2018.pdf	http://www.elibrary-areaer.imf.org/documents/yearlyreport/areaer_2018.pdf	PROPN
ajeer-3733	484	6	http://www.imf.org/~/media/files/publications/cr/2019/1khmea2019001.ashx	http://www.imf.org/~/media/files/publications/cr/2019/1khmea2019001.ashx	ADJ
ajeer-3733	484	7	asian	asian	ADJ
ajeer-3733	484	8	journal	journal	NOUN
ajeer-3733	484	9	of	of	ADP
ajeer-3733	484	10	economics	economic	NOUN
ajeer-3733	484	11	and	and	CCONJ
ajeer-3733	484	12	empirical	empirical	ADJ
ajeer-3733	484	13	research	research	NOUN
ajeer-3733	484	14	,	,	PUNCT
ajeer-3733	484	15	2022	2022	NUM
ajeer-3733	484	16	,	,	PUNCT
ajeer-3733	484	17	9(1	9(1	NUM
ajeer-3733	484	18	):	):	PUNCT
ajeer-3733	484	19	21	21	NUM
ajeer-3733	484	20	-	-	SYM
ajeer-3733	484	21	37	37	NUM
ajeer-3733	484	22	35	35	NUM
ajeer-3733	484	23	©	©	PROPN
ajeer-3733	484	24	2022	2022	NUM
ajeer-3733	484	25	by	by	ADP
ajeer-3733	484	26	the	the	DET
ajeer-3733	484	27	authors	author	NOUN
ajeer-3733	484	28	;	;	PUNCT
ajeer-3733	484	29	licensee	licensee	PROPN
ajeer-3733	484	30	asian	asian	ADJ
ajeer-3733	484	31	online	online	PROPN
ajeer-3733	484	32	journal	journal	PROPN
ajeer-3733	484	33	publishing	publishing	PROPN
ajeer-3733	484	34	group	group	PROPN
ajeer-3733	484	35	ramey	ramey	PROPN
ajeer-3733	484	36	,	,	PUNCT
ajeer-3733	484	37	v.	v.	ADP
ajeer-3733	484	38	a.	a.	PROPN
ajeer-3733	484	39	,	,	PUNCT
ajeer-3733	484	40	&	&	CCONJ
ajeer-3733	484	41	zubairy	zubairy	NOUN
ajeer-3733	484	42	,	,	PUNCT
ajeer-3733	484	43	s.	s.	PROPN
ajeer-3733	484	44	(	(	PUNCT
ajeer-3733	484	45	2018	2018	NUM
ajeer-3733	484	46	)	)	PUNCT
ajeer-3733	484	47	.	.	PUNCT
ajeer-3733	485	1	government	government	NOUN
ajeer-3733	485	2	spending	spending	NOUN
ajeer-3733	485	3	multipliers	multiplier	NOUN
ajeer-3733	485	4	in	in	ADP
ajeer-3733	485	5	good	good	ADJ
ajeer-3733	485	6	times	time	NOUN
ajeer-3733	485	7	and	and	CCONJ
ajeer-3733	485	8	in	in	ADP
ajeer-3733	485	9	bad	bad	ADJ
ajeer-3733	485	10	:	:	PUNCT
ajeer-3733	485	11	evidence	evidence	NOUN
ajeer-3733	485	12	from	from	ADP
ajeer-3733	485	13	us	we	PRON
ajeer-3733	485	14	historical	historical	ADJ
ajeer-3733	485	15	data	datum	NOUN
ajeer-3733	485	16	.	.	PUNCT
ajeer-3733	486	1	journal	journal	PROPN
ajeer-3733	486	2	of	of	ADP
ajeer-3733	486	3	political	political	ADJ
ajeer-3733	486	4	economy	economy	NOUN
ajeer-3733	486	5	,	,	PUNCT
ajeer-3733	486	6	126(2	126(2	NUM
ajeer-3733	486	7	)	)	PUNCT
ajeer-3733	486	8	,	,	PUNCT
ajeer-3733	486	9	850-901.available	850-901.available	NUM
ajeer-3733	486	10	at	at	ADP
ajeer-3733	486	11	:	:	PUNCT
ajeer-3733	486	12	https://doi.org/10.1086/696277	https://doi.org/10.1086/696277	NOUN
ajeer-3733	486	13	.	.	PUNCT
ajeer-3733	487	1	romero	romero	PROPN
ajeer-3733	487	2	-	-	PUNCT
ajeer-3733	487	3	barrutieta	barrutieta	PROPN
ajeer-3733	487	4	,	,	PUNCT
ajeer-3733	487	5	a.l	a.l	PROPN
ajeer-3733	487	6	.	.	PROPN
ajeer-3733	487	7	,	,	PUNCT
ajeer-3733	487	8	bulíř	bulíř	PROPN
ajeer-3733	487	9	,	,	PUNCT
ajeer-3733	487	10	a.	a.	PROPN
ajeer-3733	487	11	,	,	PUNCT
ajeer-3733	487	12	&	&	CCONJ
ajeer-3733	487	13	rodríguez	rodríguez	PROPN
ajeer-3733	487	14	-	-	PUNCT
ajeer-3733	487	15	delgado	delgado	PROPN
ajeer-3733	487	16	,	,	PUNCT
ajeer-3733	487	17	j.d	j.d	PROPN
ajeer-3733	487	18	.	.	PROPN
ajeer-3733	487	19	(	(	PUNCT
ajeer-3733	487	20	2015	2015	NUM
ajeer-3733	487	21	)	)	PUNCT
ajeer-3733	487	22	.	.	PUNCT
ajeer-3733	488	1	the	the	DET
ajeer-3733	488	2	dynamic	dynamic	ADJ
ajeer-3733	488	3	implications	implication	NOUN
ajeer-3733	488	4	of	of	ADP
ajeer-3733	488	5	debt	debt	NOUN
ajeer-3733	488	6	relief	relief	NOUN
ajeer-3733	488	7	for	for	ADP
ajeer-3733	488	8	low	low	ADJ
ajeer-3733	488	9	-	-	PUNCT
ajeer-3733	488	10	income	income	NOUN
ajeer-3733	488	11	countries	country	NOUN
ajeer-3733	488	12	.	.	PUNCT
ajeer-3733	489	1	review	review	NOUN
ajeer-3733	489	2	of	of	ADP
ajeer-3733	489	3	development	development	NOUN
ajeer-3733	489	4	finance	finance	NOUN
ajeer-3733	489	5	,	,	PUNCT
ajeer-3733	489	6	5(1	5(1	NUM
ajeer-3733	489	7	)	)	PUNCT
ajeer-3733	489	8	,	,	PUNCT
ajeer-3733	489	9	1–12	1–12	NOUN
ajeer-3733	489	10	.	.	PUNCT
ajeer-3733	489	11	rungcharoenkitkul	rungcharoenkitkul	PROPN
ajeer-3733	489	12	,	,	PUNCT
ajeer-3733	489	13	p.	p.	NOUN
ajeer-3733	489	14	(	(	PUNCT
ajeer-3733	489	15	2012	2012	NUM
ajeer-3733	489	16	)	)	PUNCT
ajeer-3733	489	17	.	.	PUNCT
ajeer-3733	490	1	modeling	modeling	NOUN
ajeer-3733	490	2	with	with	ADP
ajeer-3733	490	3	limited	limited	ADJ
ajeer-3733	490	4	data	datum	NOUN
ajeer-3733	490	5	:	:	PUNCT
ajeer-3733	490	6	estimating	estimate	VERB
ajeer-3733	490	7	potential	potential	ADJ
ajeer-3733	490	8	growth	growth	NOUN
ajeer-3733	490	9	in	in	ADP
ajeer-3733	490	10	cambodia	cambodia	PROPN
ajeer-3733	490	11	.	.	PUNCT
ajeer-3733	491	1	imf	imf	PROPN
ajeer-3733	491	2	working	working	PROPN
ajeer-3733	491	3	paper	paper	PROPN
ajeer-3733	491	4	no	no	INTJ
ajeer-3733	491	5	.	.	PUNCT
ajeer-3733	491	6	12/96	12/96	NUM
ajeer-3733	491	7	(	(	PUNCT
ajeer-3733	491	8	washington	washington	PROPN
ajeer-3733	491	9	:	:	PUNCT
ajeer-3733	491	10	imf	imf	PROPN
ajeer-3733	491	11	)	)	PUNCT
ajeer-3733	491	12	.	.	PUNCT
ajeer-3733	492	1	s&p	s&p	PROPN
ajeer-3733	492	2	global	global	ADJ
ajeer-3733	492	3	ratings	rating	NOUN
ajeer-3733	492	4	.	.	PUNCT
ajeer-3733	493	1	(	(	PUNCT
ajeer-3733	493	2	2020	2020	NUM
ajeer-3733	493	3	)	)	PUNCT
ajeer-3733	493	4	.	.	PUNCT
ajeer-3733	494	1	economic	economic	ADJ
ajeer-3733	494	2	research	research	NOUN
ajeer-3733	494	3	:	:	PUNCT
ajeer-3733	494	4	covid-19	covid-19	PROPN
ajeer-3733	494	5	deals	deal	VERB
ajeer-3733	494	6	a	a	DET
ajeer-3733	494	7	larger	large	ADJ
ajeer-3733	494	8	,	,	PUNCT
ajeer-3733	494	9	longer	long	ADV
ajeer-3733	494	10	hit	hit	VERB
ajeer-3733	494	11	to	to	ADP
ajeer-3733	494	12	global	global	PROPN
ajeer-3733	494	13	gdp	gdp	PROPN
ajeer-3733	494	14	.	.	PROPN
ajeer-3733	494	15	retrieved	retrieve	VERB
ajeer-3733	494	16	from	from	ADP
ajeer-3733	494	17	https://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-globalgdp-11440500	https://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-globalgdp-11440500	PROPN
ajeer-3733	494	18	.	.	PUNCT
ajeer-3733	495	1	schumacher	schumacher	PROPN
ajeer-3733	495	2	,	,	PUNCT
ajeer-3733	495	3	m.	m.	NOUN
ajeer-3733	495	4	,	,	PUNCT
ajeer-3733	495	5	&	&	CCONJ
ajeer-3733	495	6	żochowski	żochowski	PROPN
ajeer-3733	495	7	,	,	PUNCT
ajeer-3733	495	8	d.	d.	PROPN
ajeer-3733	495	9	(	(	PUNCT
ajeer-3733	495	10	2017	2017	NUM
ajeer-3733	495	11	)	)	PUNCT
ajeer-3733	495	12	.	.	PUNCT
ajeer-3733	496	1	the	the	DET
ajeer-3733	496	2	risk	risk	NOUN
ajeer-3733	496	3	premium	premium	NOUN
ajeer-3733	496	4	channel	channel	NOUN
ajeer-3733	496	5	and	and	CCONJ
ajeer-3733	496	6	long	long	ADJ
ajeer-3733	496	7	-	-	PUNCT
ajeer-3733	496	8	term	term	NOUN
ajeer-3733	496	9	growth	growth	NOUN
ajeer-3733	496	10	.	.	PUNCT
ajeer-3733	497	1	ecb	ecb	NOUN
ajeer-3733	497	2	working	working	PROPN
ajeer-3733	497	3	paper	paper	PROPN
ajeer-3733	497	4	no	no	NOUN
ajeer-3733	497	5	.	.	PROPN
ajeer-3733	497	6	2114	2114	NUM
ajeer-3733	497	7	(	(	PUNCT
ajeer-3733	497	8	frankfurt	frankfurt	PROPN
ajeer-3733	497	9	:	:	PUNCT
ajeer-3733	497	10	european	european	PROPN
ajeer-3733	497	11	central	central	PROPN
ajeer-3733	497	12	bank	bank	PROPN
ajeer-3733	497	13	)	)	PUNCT
ajeer-3733	497	14	.	.	PUNCT
ajeer-3733	498	1	world	world	PROPN
ajeer-3733	498	2	economic	economic	PROPN
ajeer-3733	498	3	forum	forum	PROPN
ajeer-3733	498	4	.	.	PUNCT
ajeer-3733	499	1	(	(	PUNCT
ajeer-3733	499	2	2019	2019	NUM
ajeer-3733	499	3	)	)	PUNCT
ajeer-3733	499	4	.	.	PUNCT
ajeer-3733	500	1	global	global	ADJ
ajeer-3733	500	2	competitiveness	competitiveness	NOUN
ajeer-3733	500	3	report	report	NOUN
ajeer-3733	500	4	.	.	PUNCT
ajeer-3733	501	1	retrieved	retrieve	VERB
ajeer-3733	501	2	from	from	ADP
ajeer-3733	501	3	http://www3.weforum.org/docs/wef_theglobalcompetitivenessreport2019.pdf	http://www3.weforum.org/docs/wef_theglobalcompetitivenessreport2019.pdf	PROPN
ajeer-3733	501	4	.	.	PUNCT
ajeer-3733	502	1	appendixes	appendix	NOUN
ajeer-3733	502	2	a.	a.	NOUN
ajeer-3733	502	3	fiscal	fiscal	ADJ
ajeer-3733	502	4	deposits	deposit	NOUN
ajeer-3733	502	5	without	without	ADP
ajeer-3733	502	6	ready	ready	ADJ
ajeer-3733	502	7	access	access	NOUN
ajeer-3733	502	8	to	to	ADP
ajeer-3733	502	9	international	international	ADJ
ajeer-3733	502	10	bond	bond	NOUN
ajeer-3733	502	11	markets	market	NOUN
ajeer-3733	502	12	or	or	CCONJ
ajeer-3733	502	13	opting	opt	VERB
ajeer-3733	502	14	to	to	PART
ajeer-3733	502	15	issue	issue	VERB
ajeer-3733	502	16	local	local	ADJ
ajeer-3733	502	17	bonds	bond	NOUN
ajeer-3733	502	18	,	,	PUNCT
ajeer-3733	502	19	the	the	DET
ajeer-3733	502	20	cambodian	cambodian	ADJ
ajeer-3733	502	21	government	government	NOUN
ajeer-3733	502	22	has	have	AUX
ajeer-3733	502	23	been	be	AUX
ajeer-3733	502	24	building	build	VERB
ajeer-3733	502	25	deposits	deposit	NOUN
ajeer-3733	502	26	at	at	ADP
ajeer-3733	502	27	the	the	DET
ajeer-3733	502	28	national	national	PROPN
ajeer-3733	502	29	bank	bank	PROPN
ajeer-3733	502	30	of	of	ADP
ajeer-3733	502	31	cambodia	cambodia	PROPN
ajeer-3733	502	32	(	(	PUNCT
ajeer-3733	502	33	nbc	nbc	PROPN
ajeer-3733	502	34	)	)	PUNCT
ajeer-3733	502	35	as	as	ADP
ajeer-3733	502	36	a	a	DET
ajeer-3733	502	37	buffer	buffer	NOUN
ajeer-3733	502	38	(	(	PUNCT
ajeer-3733	502	39	see	see	VERB
ajeer-3733	502	40	figure	figure	NOUN
ajeer-3733	502	41	1	1	NUM
ajeer-3733	502	42	,	,	PUNCT
ajeer-3733	502	43	chart	chart	VERB
ajeer-3733	502	44	6	6	NUM
ajeer-3733	502	45	in	in	ADP
ajeer-3733	502	46	the	the	DET
ajeer-3733	502	47	main	main	ADJ
ajeer-3733	502	48	text	text	NOUN
ajeer-3733	502	49	)	)	PUNCT
ajeer-3733	502	50	.	.	PUNCT
ajeer-3733	503	1	the	the	DET
ajeer-3733	503	2	following	follow	VERB
ajeer-3733	503	3	identity	identity	NOUN
ajeer-3733	503	4	holds	hold	VERB
ajeer-3733	503	5	:	:	PUNCT
ajeer-3733	503	6	change	change	NOUN
ajeer-3733	503	7	in	in	ADP
ajeer-3733	503	8	fiscal	fiscal	ADJ
ajeer-3733	503	9	deposits	deposit	NOUN
ajeer-3733	503	10	=	=	PUNCT
ajeer-3733	503	11	overall	overall	ADJ
ajeer-3733	503	12	deficit	deficit	NOUN
ajeer-3733	503	13	–	–	PUNCT
ajeer-3733	503	14	change	change	NOUN
ajeer-3733	503	15	in	in	ADP
ajeer-3733	503	16	gross	gross	ADJ
ajeer-3733	503	17	public	public	ADJ
ajeer-3733	503	18	debt	debt	NOUN
ajeer-3733	503	19	how	how	SCONJ
ajeer-3733	503	20	to	to	PART
ajeer-3733	503	21	model	model	VERB
ajeer-3733	503	22	the	the	DET
ajeer-3733	503	23	fiscal	fiscal	ADJ
ajeer-3733	503	24	deposits	deposit	NOUN
ajeer-3733	503	25	?	?	PUNCT
ajeer-3733	504	1	on	on	ADP
ajeer-3733	504	2	the	the	DET
ajeer-3733	504	3	one	one	NUM
ajeer-3733	504	4	hand	hand	NOUN
ajeer-3733	504	5	,	,	PUNCT
ajeer-3733	504	6	the	the	DET
ajeer-3733	504	7	headline	headline	NOUN
ajeer-3733	504	8	fiscal	fiscal	ADJ
ajeer-3733	504	9	deficit	deficit	NOUN
ajeer-3733	504	10	has	have	AUX
ajeer-3733	504	11	been	be	AUX
ajeer-3733	504	12	correlated	correlate	VERB
ajeer-3733	504	13	with	with	ADP
ajeer-3733	504	14	the	the	DET
ajeer-3733	504	15	business	business	NOUN
ajeer-3733	504	16	cycle	cycle	NOUN
ajeer-3733	504	17	,	,	PUNCT
ajeer-3733	504	18	that	that	ADV
ajeer-3733	504	19	is	is	ADV
ajeer-3733	504	20	,	,	PUNCT
ajeer-3733	504	21	the	the	DET
ajeer-3733	504	22	output	output	NOUN
ajeer-3733	504	23	gap	gap	NOUN
ajeer-3733	504	24	.	.	PUNCT
ajeer-3733	505	1	on	on	ADP
ajeer-3733	505	2	the	the	DET
ajeer-3733	505	3	other	other	ADJ
ajeer-3733	505	4	hand	hand	NOUN
ajeer-3733	505	5	,	,	PUNCT
ajeer-3733	505	6	the	the	DET
ajeer-3733	505	7	evolution	evolution	NOUN
ajeer-3733	505	8	of	of	ADP
ajeer-3733	505	9	gross	gross	ADJ
ajeer-3733	505	10	debt	debt	NOUN
ajeer-3733	505	11	has	have	AUX
ajeer-3733	505	12	reflected	reflect	VERB
ajeer-3733	505	13	the	the	DET
ajeer-3733	505	14	30	30	NUM
ajeer-3733	505	15	-	-	PUNCT
ajeer-3733	505	16	percent	percent	NOUN
ajeer-3733	505	17	debt	debt	NOUN
ajeer-3733	505	18	-	-	PUNCT
ajeer-3733	505	19	togdp	togdp	NOUN
ajeer-3733	505	20	target	target	NOUN
ajeer-3733	505	21	and	and	CCONJ
ajeer-3733	505	22	fluctuations	fluctuation	NOUN
ajeer-3733	505	23	around	around	ADP
ajeer-3733	505	24	that	that	DET
ajeer-3733	505	25	level	level	NOUN
ajeer-3733	505	26	caused	cause	VERB
ajeer-3733	505	27	by	by	ADP
ajeer-3733	505	28	donor	donor	NOUN
ajeer-3733	505	29	disbursement	disbursement	NOUN
ajeer-3733	505	30	choices	choice	NOUN
ajeer-3733	505	31	,	,	PUNCT
ajeer-3733	505	32	progress	progress	NOUN
ajeer-3733	505	33	in	in	ADP
ajeer-3733	505	34	project	project	NOUN
ajeer-3733	505	35	execution	execution	NOUN
ajeer-3733	505	36	,	,	PUNCT
ajeer-3733	505	37	and	and	CCONJ
ajeer-3733	505	38	so	so	ADV
ajeer-3733	505	39	on	on	ADV
ajeer-3733	505	40	.	.	PUNCT
ajeer-3733	506	1	these	these	PRON
ajeer-3733	506	2	stylized	stylize	VERB
ajeer-3733	506	3	facts	fact	NOUN
ajeer-3733	506	4	suggest	suggest	VERB
ajeer-3733	506	5	that	that	SCONJ
ajeer-3733	506	6	cyclical	cyclical	ADJ
ajeer-3733	506	7	factors	factor	NOUN
ajeer-3733	506	8	drive	drive	VERB
ajeer-3733	506	9	the	the	DET
ajeer-3733	506	10	gradual	gradual	ADJ
ajeer-3733	506	11	accumulation	accumulation	NOUN
ajeer-3733	506	12	of	of	ADP
ajeer-3733	506	13	fiscal	fiscal	ADJ
ajeer-3733	506	14	deposits	deposit	NOUN
ajeer-3733	506	15	,	,	PUNCT
ajeer-3733	506	16	as	as	SCONJ
ajeer-3733	506	17	shown	show	VERB
ajeer-3733	506	18	in	in	ADP
ajeer-3733	506	19	figure	figure	NOUN
ajeer-3733	506	20	a1	a1	NOUN
ajeer-3733	506	21	.	.	PUNCT
ajeer-3733	507	1	in	in	ADP
ajeer-3733	507	2	the	the	DET
ajeer-3733	507	3	model	model	NOUN
ajeer-3733	507	4	,	,	PUNCT
ajeer-3733	507	5	we	we	PRON
ajeer-3733	507	6	therefore	therefore	ADV
ajeer-3733	507	7	calibrate	calibrate	VERB
ajeer-3733	507	8	the	the	DET
ajeer-3733	507	9	elasticity	elasticity	NOUN
ajeer-3733	507	10	of	of	ADP
ajeer-3733	507	11	the	the	DET
ajeer-3733	507	12	deposits	deposit	NOUN
ajeer-3733	507	13	to	to	ADP
ajeer-3733	507	14	the	the	DET
ajeer-3733	507	15	output	output	NOUN
ajeer-3733	507	16	gap	gap	NOUN
ajeer-3733	507	17	as	as	ADV
ajeer-3733	507	18	equal	equal	ADJ
ajeer-3733	507	19	to	to	ADP
ajeer-3733	507	20	0.3	0.3	NUM
ajeer-3733	507	21	.	.	PUNCT
ajeer-3733	508	1	figure	figure	NOUN
ajeer-3733	508	2	a1	a1	PROPN
ajeer-3733	508	3	.	.	PUNCT
ajeer-3733	508	4	output	output	NOUN
ajeer-3733	508	5	gap	gap	NOUN
ajeer-3733	508	6	and	and	CCONJ
ajeer-3733	508	7	fiscal	fiscal	ADJ
ajeer-3733	508	8	deposits	deposit	NOUN
ajeer-3733	508	9	,	,	PUNCT
ajeer-3733	508	10	2002–19	2002–19	NOUN
ajeer-3733	508	11	.	.	PUNCT
ajeer-3733	509	1	notes	note	VERB
ajeer-3733	509	2	:	:	PUNCT
ajeer-3733	509	3	the	the	DET
ajeer-3733	509	4	figure	figure	NOUN
ajeer-3733	509	5	shows	show	VERB
ajeer-3733	509	6	fiscal	fiscal	ADJ
ajeer-3733	509	7	deposits	deposit	NOUN
ajeer-3733	509	8	in	in	ADP
ajeer-3733	509	9	percent	percent	NOUN
ajeer-3733	509	10	of	of	ADP
ajeer-3733	509	11	gdp	gdp	NOUN
ajeer-3733	509	12	on	on	ADP
ajeer-3733	509	13	the	the	DET
ajeer-3733	509	14	vertical	vertical	ADJ
ajeer-3733	509	15	axis	axis	NOUN
ajeer-3733	509	16	and	and	CCONJ
ajeer-3733	509	17	output	output	NOUN
ajeer-3733	509	18	gap	gap	NOUN
ajeer-3733	509	19	in	in	ADP
ajeer-3733	509	20	percent	percent	NOUN
ajeer-3733	509	21	of	of	ADP
ajeer-3733	509	22	trend	trend	NOUN
ajeer-3733	509	23	gdp	gdp	NOUN
ajeer-3733	509	24	on	on	ADP
ajeer-3733	509	25	the	the	DET
ajeer-3733	509	26	horizontal	horizontal	ADJ
ajeer-3733	509	27	axis	axis	NOUN
ajeer-3733	509	28	.	.	PUNCT
ajeer-3733	510	1	the	the	DET
ajeer-3733	510	2	fitted	fit	VERB
ajeer-3733	510	3	values	value	NOUN
ajeer-3733	510	4	line	line	NOUN
ajeer-3733	510	5	is	be	AUX
ajeer-3733	510	6	the	the	DET
ajeer-3733	510	7	linear	linear	ADJ
ajeer-3733	510	8	trend	trend	NOUN
ajeer-3733	510	9	.	.	PUNCT
ajeer-3733	511	1	source	source	NOUN
ajeer-3733	511	2	:	:	PUNCT
ajeer-3733	511	3	international	international	ADJ
ajeer-3733	511	4	monetary	monetary	ADJ
ajeer-3733	511	5	fund	fund	NOUN
ajeer-3733	511	6	(	(	PUNCT
ajeer-3733	511	7	imf	imf	PROPN
ajeer-3733	511	8	)	)	PUNCT
ajeer-3733	511	9	data	datum	NOUN
ajeer-3733	511	10	and	and	CCONJ
ajeer-3733	511	11	authors	author	NOUN
ajeer-3733	511	12	’	’	PART
ajeer-3733	511	13	calculations	calculation	NOUN
ajeer-3733	511	14	.	.	PUNCT
ajeer-3733	512	1	b.	b.	PROPN
ajeer-3733	513	1	the	the	DET
ajeer-3733	513	2	fiscal	fiscal	ADJ
ajeer-3733	513	3	multiplier	multipli	ADJ
ajeer-3733	513	4	estimates	estimate	NOUN
ajeer-3733	513	5	for	for	ADP
ajeer-3733	513	6	cambodia	cambodia	PROPN
ajeer-3733	513	7	the	the	DET
ajeer-3733	513	8	fiscal	fiscal	ADJ
ajeer-3733	513	9	multiplier	multipli	ADJ
ajeer-3733	513	10	measures	measure	NOUN
ajeer-3733	513	11	the	the	DET
ajeer-3733	513	12	impact	impact	NOUN
ajeer-3733	513	13	on	on	ADP
ajeer-3733	513	14	output	output	NOUN
ajeer-3733	513	15	of	of	ADP
ajeer-3733	513	16	an	an	DET
ajeer-3733	513	17	unexpected	unexpected	ADJ
ajeer-3733	513	18	,	,	PUNCT
ajeer-3733	513	19	discretionary	discretionary	ADJ
ajeer-3733	513	20	change	change	NOUN
ajeer-3733	513	21	in	in	ADP
ajeer-3733	513	22	fiscal	fiscal	ADJ
ajeer-3733	513	23	policy	policy	NOUN
ajeer-3733	513	24	.	.	PUNCT
ajeer-3733	514	1	empirically	empirically	ADV
ajeer-3733	514	2	,	,	PUNCT
ajeer-3733	514	3	individual	individual	ADJ
ajeer-3733	514	4	-	-	PUNCT
ajeer-3733	514	5	country	country	NOUN
ajeer-3733	514	6	estimation	estimation	NOUN
ajeer-3733	514	7	of	of	ADP
ajeer-3733	514	8	fiscal	fiscal	ADJ
ajeer-3733	514	9	multipliers	multiplier	NOUN
ajeer-3733	514	10	is	be	AUX
ajeer-3733	514	11	fraught	fraught	ADJ
ajeer-3733	514	12	with	with	ADP
ajeer-3733	514	13	problems	problem	NOUN
ajeer-3733	514	14	(	(	PUNCT
ajeer-3733	514	15	owyang	owyang	PROPN
ajeer-3733	514	16	et	et	PROPN
ajeer-3733	514	17	al	al	PROPN
ajeer-3733	514	18	.	.	PROPN
ajeer-3733	514	19	,	,	PUNCT
ajeer-3733	514	20	2013	2013	NUM
ajeer-3733	514	21	;	;	PUNCT
ajeer-3733	514	22	ramey	ramey	PROPN
ajeer-3733	514	23	&	&	CCONJ
ajeer-3733	514	24	zubairy	zubairy	PROPN
ajeer-3733	514	25	,	,	PUNCT
ajeer-3733	514	26	2018	2018	NUM
ajeer-3733	514	27	)	)	PUNCT
ajeer-3733	514	28	even	even	ADV
ajeer-3733	514	29	in	in	ADP
ajeer-3733	514	30	countries	country	NOUN
ajeer-3733	514	31	with	with	ADP
ajeer-3733	514	32	long	long	ADJ
ajeer-3733	514	33	,	,	PUNCT
ajeer-3733	514	34	good	good	ADJ
ajeer-3733	514	35	-	-	PUNCT
ajeer-3733	514	36	quality	quality	NOUN
ajeer-3733	514	37	time	time	NOUN
ajeer-3733	514	38	series	series	NOUN
ajeer-3733	514	39	,	,	PUNCT
ajeer-3733	514	40	and	and	CCONJ
ajeer-3733	514	41	it	it	PRON
ajeer-3733	514	42	is	be	AUX
ajeer-3733	514	43	almost	almost	ADV
ajeer-3733	514	44	impossible	impossible	ADJ
ajeer-3733	514	45	in	in	ADP
ajeer-3733	514	46	a	a	DET
ajeer-3733	514	47	country	country	NOUN
ajeer-3733	514	48	like	like	ADP
ajeer-3733	514	49	cambodia	cambodia	PROPN
ajeer-3733	514	50	.	.	PUNCT
ajeer-3733	515	1	batini	batini	PROPN
ajeer-3733	515	2	et	et	PROPN
ajeer-3733	515	3	al	al	PROPN
ajeer-3733	515	4	.	.	PROPN
ajeer-3733	516	1	(	(	PUNCT
ajeer-3733	516	2	2014	2014	NUM
ajeer-3733	516	3	)	)	PUNCT
ajeer-3733	516	4	have	have	AUX
ajeer-3733	516	5	instead	instead	ADV
ajeer-3733	516	6	suggested	suggest	VERB
ajeer-3733	516	7	a	a	DET
ajeer-3733	516	8	“	"	PUNCT
ajeer-3733	516	9	bucket	bucket	NOUN
ajeer-3733	516	10	approach	approach	NOUN
ajeer-3733	516	11	”	"	PUNCT
ajeer-3733	516	12	to	to	PART
ajeer-3733	516	13	calibrate	calibrate	VERB
ajeer-3733	516	14	the	the	DET
ajeer-3733	516	15	magnitude	magnitude	NOUN
ajeer-3733	516	16	of	of	ADP
ajeer-3733	516	17	the	the	DET
ajeer-3733	516	18	multiplier	multiplier	ADV
ajeer-3733	516	19	based	base	VERB
ajeer-3733	516	20	on	on	ADP
ajeer-3733	516	21	country	country	NOUN
ajeer-3733	516	22	characteristics	characteristic	NOUN
ajeer-3733	516	23	.	.	PUNCT
ajeer-3733	517	1	the	the	DET
ajeer-3733	517	2	empirical	empirical	ADJ
ajeer-3733	517	3	literature	literature	NOUN
ajeer-3733	517	4	provides	provide	VERB
ajeer-3733	517	5	widely	widely	ADV
ajeer-3733	517	6	varying	vary	VERB
ajeer-3733	517	7	multiplier	multipli	ADJ
ajeer-3733	517	8	estimates	estimate	NOUN
ajeer-3733	517	9	for	for	ADP
ajeer-3733	517	10	three	three	NUM
ajeer-3733	517	11	reasons	reason	NOUN
ajeer-3733	517	12	.	.	PUNCT
ajeer-3733	518	1	(	(	PUNCT
ajeer-3733	518	2	1	1	NUM
ajeer-3733	518	3	)	)	PUNCT
ajeer-3733	518	4	because	because	SCONJ
ajeer-3733	518	5	it	it	PRON
ajeer-3733	518	6	is	be	AUX
ajeer-3733	518	7	difficult	difficult	ADJ
ajeer-3733	518	8	to	to	PART
ajeer-3733	518	9	identify	identify	VERB
ajeer-3733	518	10	an	an	DET
ajeer-3733	518	11	unexpected	unexpected	ADJ
ajeer-3733	518	12	,	,	PUNCT
ajeer-3733	518	13	discretionary	discretionary	ADJ
ajeer-3733	518	14	change	change	NOUN
ajeer-3733	518	15	in	in	ADP
ajeer-3733	518	16	the	the	DET
ajeer-3733	518	17	fiscal	fiscal	ADJ
ajeer-3733	518	18	variables	variable	NOUN
ajeer-3733	518	19	,	,	PUNCT
ajeer-3733	518	20	most	most	ADJ
ajeer-3733	518	21	developments	development	NOUN
ajeer-3733	518	22	in	in	ADP
ajeer-3733	518	23	taxes	taxis	NOUN
ajeer-3733	518	24	and	and	CCONJ
ajeer-3733	518	25	spending	spending	NOUN
ajeer-3733	518	26	are	be	AUX
ajeer-3733	518	27	instead	instead	ADV
ajeer-3733	518	28	reactions	reaction	NOUN
ajeer-3733	518	29	to	to	ADP
ajeer-3733	518	30	the	the	DET
ajeer-3733	518	31	business	business	NOUN
ajeer-3733	518	32	cycle	cycle	NOUN
ajeer-3733	518	33	.	.	PUNCT
ajeer-3733	519	1	(	(	PUNCT
ajeer-3733	519	2	2	2	X
ajeer-3733	519	3	)	)	PUNCT
ajeer-3733	519	4	the	the	DET
ajeer-3733	519	5	fiscal	fiscal	ADJ
ajeer-3733	519	6	multipliers	multiplier	NOUN
ajeer-3733	519	7	,	,	PUNCT
ajeer-3733	519	8	which	which	PRON
ajeer-3733	519	9	vary	vary	VERB
ajeer-3733	519	10	over	over	ADP
ajeer-3733	519	11	time	time	NOUN
ajeer-3733	519	12	and	and	CCONJ
ajeer-3733	519	13	across	across	ADP
ajeer-3733	519	14	countries	country	NOUN
ajeer-3733	519	15	and	and	CCONJ
ajeer-3733	519	16	monetary	monetary	ADJ
ajeer-3733	519	17	policy	policy	NOUN
ajeer-3733	519	18	regimes	regime	NOUN
ajeer-3733	519	19	,	,	PUNCT
ajeer-3733	519	20	draw	draw	VERB
ajeer-3733	519	21	on	on	ADP
ajeer-3733	519	22	a	a	DET
ajeer-3733	519	23	range	range	NOUN
ajeer-3733	519	24	of	of	ADP
ajeer-3733	519	25	factors	factor	NOUN
ajeer-3733	519	26	,	,	PUNCT
ajeer-3733	519	27	including	include	VERB
ajeer-3733	519	28	the	the	DET
ajeer-3733	519	29	state	state	NOUN
ajeer-3733	519	30	of	of	ADP
ajeer-3733	519	31	the	the	DET
ajeer-3733	519	32	economy	economy	NOUN
ajeer-3733	519	33	,	,	PUNCT
ajeer-3733	519	34	the	the	DET
ajeer-3733	519	35	specific	specific	ADJ
ajeer-3733	519	36	fiscal	fiscal	ADJ
ajeer-3733	519	37	instrument	instrument	NOUN
ajeer-3733	519	38	used	use	VERB
ajeer-3733	519	39	,	,	PUNCT
ajeer-3733	519	40	the	the	DET
ajeer-3733	519	41	extent	extent	NOUN
ajeer-3733	519	42	to	to	PART
ajeer-3733	519	43	which	which	PRON
ajeer-3733	519	44	fiscal	fiscal	ADJ
ajeer-3733	519	45	decisions	decision	NOUN
ajeer-3733	519	46	provoke	provoke	VERB
ajeer-3733	519	47	changes	change	NOUN
ajeer-3733	519	48	in	in	ADP
ajeer-3733	519	49	other	other	ADJ
ajeer-3733	519	50	policies	policy	NOUN
ajeer-3733	519	51	,	,	PUNCT
ajeer-3733	519	52	such	such	ADJ
ajeer-3733	519	53	as	as	ADP
ajeer-3733	519	54	monetary	monetary	ADJ
ajeer-3733	519	55	,	,	PUNCT
ajeer-3733	519	56	and	and	CCONJ
ajeer-3733	519	57	the	the	DET
ajeer-3733	519	58	structure	structure	NOUN
ajeer-3733	519	59	of	of	ADP
ajeer-3733	519	60	the	the	DET
ajeer-3733	519	61	economy	economy	NOUN
ajeer-3733	519	62	.	.	PUNCT
ajeer-3733	520	1	(	(	PUNCT
ajeer-3733	520	2	3	3	X
ajeer-3733	520	3	)	)	PUNCT
ajeer-3733	520	4	because	because	SCONJ
ajeer-3733	520	5	most	most	ADJ
ajeer-3733	520	6	empirical	empirical	ADJ
ajeer-3733	520	7	studies	study	NOUN
ajeer-3733	520	8	deal	deal	VERB
ajeer-3733	520	9	with	with	ADP
ajeer-3733	520	10	advanced	advanced	ADJ
ajeer-3733	520	11	economies	economy	NOUN
ajeer-3733	520	12	,	,	PUNCT
ajeer-3733	520	13	relatively	relatively	ADV
ajeer-3733	520	14	little	little	ADJ
ajeer-3733	520	15	is	be	AUX
ajeer-3733	520	16	known	know	VERB
ajeer-3733	520	17	about	about	ADP
ajeer-3733	520	18	the	the	DET
ajeer-3733	520	19	size	size	NOUN
ajeer-3733	520	20	of	of	ADP
ajeer-3733	520	21	the	the	DET
ajeer-3733	520	22	multiplier	multipli	ADJ
ajeer-3733	520	23	in	in	ADP
ajeer-3733	520	24	emerging	emerge	VERB
ajeer-3733	520	25	and	and	CCONJ
ajeer-3733	520	26	low	low	ADJ
ajeer-3733	520	27	-	-	PUNCT
ajeer-3733	520	28	income	income	NOUN
ajeer-3733	520	29	countries	country	NOUN
ajeer-3733	520	30	.	.	PUNCT
ajeer-3733	521	1	one	one	NUM
ajeer-3733	521	2	generally	generally	ADV
ajeer-3733	521	3	accepted	accept	VERB
ajeer-3733	521	4	finding	finding	NOUN
ajeer-3733	521	5	is	be	AUX
ajeer-3733	521	6	that	that	SCONJ
ajeer-3733	521	7	spending	spending	NOUN
ajeer-3733	521	8	multipliers	multiplier	NOUN
ajeer-3733	521	9	in	in	ADP
ajeer-3733	521	10	low	low	ADJ
ajeer-3733	521	11	-	-	PUNCT
ajeer-3733	521	12	income	income	NOUN
ajeer-3733	521	13	countries	country	NOUN
ajeer-3733	521	14	are	be	AUX
ajeer-3733	521	15	,	,	PUNCT
ajeer-3733	521	16	on	on	ADP
ajeer-3733	521	17	average	average	ADJ
ajeer-3733	521	18	,	,	PUNCT
ajeer-3733	521	19	lower	low	ADJ
ajeer-3733	521	20	than	than	ADP
ajeer-3733	521	21	in	in	ADP
ajeer-3733	521	22	advanced	advanced	ADJ
ajeer-3733	521	23	economies	economy	NOUN
ajeer-3733	521	24	(	(	PUNCT
ajeer-3733	521	25	ilzetzki	ilzetzki	ADJ
ajeer-3733	521	26	,	,	PUNCT
ajeer-3733	521	27	2011	2011	NUM
ajeer-3733	521	28	)	)	PUNCT
ajeer-3733	521	29	.	.	PUNCT
ajeer-3733	522	1	table	table	NOUN
ajeer-3733	522	2	b1	b1	NOUN
ajeer-3733	522	3	summarizes	summarize	NOUN
ajeer-3733	522	4	some	some	PRON
ajeer-3733	522	5	of	of	ADP
ajeer-3733	522	6	the	the	DET
ajeer-3733	522	7	offsetting	offset	VERB
ajeer-3733	522	8	factors	factor	NOUN
ajeer-3733	522	9	.	.	PUNCT
ajeer-3733	523	1	table	table	NOUN
ajeer-3733	523	2	b1	b1	NOUN
ajeer-3733	523	3	.	.	PUNCT
ajeer-3733	524	1	factors	factor	NOUN
ajeer-3733	524	2	affecting	affect	VERB
ajeer-3733	524	3	the	the	DET
ajeer-3733	524	4	fiscal	fiscal	ADJ
ajeer-3733	524	5	multiplier	multipli	ADJ
ajeer-3733	524	6	in	in	ADP
ajeer-3733	524	7	low	low	ADJ
ajeer-3733	524	8	-	-	PUNCT
ajeer-3733	524	9	income	income	NOUN
ajeer-3733	524	10	countries	country	NOUN
ajeer-3733	524	11	.	.	PUNCT
ajeer-3733	525	1	multiplier	multiplier	ADV
ajeer-3733	525	2	-	-	PUNCT
ajeer-3733	525	3	increasing	increase	VERB
ajeer-3733	525	4	factors	factor	NOUN
ajeer-3733	525	5	multiplier	multiplier	ADV
ajeer-3733	525	6	-	-	PUNCT
ajeer-3733	525	7	decreasing	decrease	VERB
ajeer-3733	525	8	factors	factor	NOUN
ajeer-3733	525	9	•	•	ADV
ajeer-3733	525	10	less	less	ADV
ajeer-3733	525	11	developed	developed	ADJ
ajeer-3733	525	12	financial	financial	ADJ
ajeer-3733	525	13	markets	market	NOUN
ajeer-3733	525	14	•	•	ADV
ajeer-3733	525	15	less	less	ADV
ajeer-3733	525	16	forward	forward	ADV
ajeer-3733	525	17	-	-	PUNCT
ajeer-3733	525	18	looking	look	VERB
ajeer-3733	525	19	economic	economic	ADJ
ajeer-3733	525	20	agents	agent	NOUN
ajeer-3733	525	21	•	•	ADV
ajeer-3733	525	22	less	less	ADV
ajeer-3733	525	23	effective	effective	ADJ
ajeer-3733	525	24	monetary	monetary	ADJ
ajeer-3733	525	25	policy	policy	NOUN
ajeer-3733	525	26	response	response	NOUN
ajeer-3733	525	27	•	•	ADP
ajeer-3733	525	28	smaller	small	ADJ
ajeer-3733	525	29	automatic	automatic	ADJ
ajeer-3733	525	30	stabilizers	stabilizer	NOUN
ajeer-3733	525	31	•	•	ADV
ajeer-3733	525	32	lower	low	ADJ
ajeer-3733	525	33	government	government	NOUN
ajeer-3733	525	34	debt	debt	NOUN
ajeer-3733	525	35	•	•	ADP
ajeer-3733	525	36	more	more	ADV
ajeer-3733	525	37	open	open	ADJ
ajeer-3733	525	38	economy	economy	NOUN
ajeer-3733	525	39	(	(	PUNCT
ajeer-3733	525	40	import	import	NOUN
ajeer-3733	525	41	leakage	leakage	NOUN
ajeer-3733	525	42	)	)	PUNCT
ajeer-3733	525	43	•	•	ADP
ajeer-3733	525	44	larger	large	ADJ
ajeer-3733	525	45	precautionary	precautionary	ADJ
ajeer-3733	525	46	saving	save	VERB
ajeer-3733	525	47	•	•	NOUN
ajeer-3733	525	48	inefficiencies	inefficiency	NOUN
ajeer-3733	525	49	in	in	ADP
ajeer-3733	525	50	public	public	ADJ
ajeer-3733	525	51	spending	spending	NOUN
ajeer-3733	525	52	and	and	CCONJ
ajeer-3733	525	53	revenue	revenue	NOUN
ajeer-3733	525	54	administration	administration	NOUN
ajeer-3733	525	55	•	•	ADV
ajeer-3733	525	56	long	long	ADV
ajeer-3733	525	57	-	-	PUNCT
ajeer-3733	525	58	lasting	last	VERB
ajeer-3733	525	59	positive	positive	ADJ
ajeer-3733	525	60	output	output	NOUN
ajeer-3733	525	61	gaps	gap	NOUN
ajeer-3733	525	62	due	due	ADJ
ajeer-3733	525	63	to	to	ADP
ajeer-3733	525	64	supply	supply	NOUN
ajeer-3733	525	65	constraints	constraint	NOUN
ajeer-3733	525	66	http://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-global-gdp-11440500	http://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-global-gdp-11440500	PROPN
ajeer-3733	525	67	http://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-global-gdp-11440500	http://www.spglobal.com/ratings/en/research/articles/200416-economic-research-covid-19-deals-a-larger-longer-hit-to-global-gdp-11440500	PROPN
ajeer-3733	525	68	asian	asian	ADJ
ajeer-3733	525	69	journal	journal	NOUN
ajeer-3733	525	70	of	of	ADP
ajeer-3733	525	71	economics	economic	NOUN
ajeer-3733	525	72	and	and	CCONJ
ajeer-3733	525	73	empirical	empirical	ADJ
ajeer-3733	525	74	research	research	NOUN
ajeer-3733	525	75	,	,	PUNCT
ajeer-3733	525	76	2022	2022	NUM
ajeer-3733	525	77	,	,	PUNCT
ajeer-3733	525	78	9(1	9(1	NUM
ajeer-3733	525	79	):	):	PUNCT
ajeer-3733	525	80	21	21	NUM
ajeer-3733	525	81	-	-	SYM
ajeer-3733	525	82	37	37	NUM
ajeer-3733	525	83	36	36	NUM
ajeer-3733	525	84	©	©	PROPN
ajeer-3733	525	85	2022	2022	NUM
ajeer-3733	525	86	by	by	ADP
ajeer-3733	525	87	the	the	DET
ajeer-3733	525	88	authors	author	NOUN
ajeer-3733	525	89	;	;	PUNCT
ajeer-3733	525	90	licensee	licensee	PROPN
ajeer-3733	525	91	asian	asian	ADJ
ajeer-3733	525	92	online	online	PROPN
ajeer-3733	525	93	journal	journal	PROPN
ajeer-3733	525	94	publishing	publishing	NOUN
ajeer-3733	525	95	group	group	NOUN
ajeer-3733	525	96	we	we	PRON
ajeer-3733	525	97	apply	apply	VERB
ajeer-3733	525	98	the	the	DET
ajeer-3733	525	99	methodology	methodology	NOUN
ajeer-3733	525	100	of	of	ADP
ajeer-3733	525	101	batini	batini	PROPN
ajeer-3733	525	102	et	et	PROPN
ajeer-3733	525	103	al	al	PROPN
ajeer-3733	525	104	.	.	PROPN
ajeer-3733	526	1	(	(	PUNCT
ajeer-3733	526	2	2014	2014	NUM
ajeer-3733	526	3	)	)	PUNCT
ajeer-3733	527	1	to	to	PART
ajeer-3733	527	2	calibrate	calibrate	VERB
ajeer-3733	527	3	cambodia	cambodia	PROPN
ajeer-3733	527	4	’s	’s	PART
ajeer-3733	527	5	fiscal	fiscal	ADJ
ajeer-3733	527	6	multiplier	multipli	ADJ
ajeer-3733	527	7	in	in	ADP
ajeer-3733	527	8	three	three	NUM
ajeer-3733	527	9	steps	step	NOUN
ajeer-3733	527	10	,	,	PUNCT
ajeer-3733	527	11	as	as	SCONJ
ajeer-3733	527	12	shown	show	VERB
ajeer-3733	527	13	in	in	ADP
ajeer-3733	527	14	table	table	NOUN
ajeer-3733	527	15	b2	b2	NOUN
ajeer-3733	527	16	:	:	PUNCT
ajeer-3733	527	17	step	step	NOUN
ajeer-3733	527	18	1	1	NUM
ajeer-3733	527	19	:	:	PUNCT
ajeer-3733	527	20	assign	assign	VERB
ajeer-3733	527	21	a	a	DET
ajeer-3733	527	22	score	score	NOUN
ajeer-3733	527	23	to	to	ADP
ajeer-3733	527	24	cambodia	cambodia	PROPN
ajeer-3733	527	25	based	base	VERB
ajeer-3733	527	26	on	on	ADP
ajeer-3733	527	27	the	the	DET
ajeer-3733	527	28	number	number	NOUN
ajeer-3733	527	29	of	of	ADP
ajeer-3733	527	30	characteristics	characteristic	NOUN
ajeer-3733	527	31	associated	associate	VERB
ajeer-3733	527	32	with	with	ADP
ajeer-3733	527	33	large	large	ADJ
ajeer-3733	527	34	fiscal	fiscal	ADJ
ajeer-3733	527	35	multipliers	multiplier	NOUN
ajeer-3733	527	36	:	:	PUNCT
ajeer-3733	527	37	1	1	NUM
ajeer-3733	527	38	if	if	SCONJ
ajeer-3733	527	39	yes	yes	INTJ
ajeer-3733	527	40	,	,	PUNCT
ajeer-3733	527	41	0	0	NUM
ajeer-3733	527	42	otherwise	otherwise	ADV
ajeer-3733	527	43	.	.	PUNCT
ajeer-3733	528	1	step	step	NOUN
ajeer-3733	528	2	2	2	NUM
ajeer-3733	528	3	:	:	PUNCT
ajeer-3733	528	4	sum	sum	VERB
ajeer-3733	528	5	up	up	ADP
ajeer-3733	528	6	the	the	DET
ajeer-3733	528	7	scores	score	NOUN
ajeer-3733	528	8	to	to	PART
ajeer-3733	528	9	determine	determine	VERB
ajeer-3733	528	10	the	the	DET
ajeer-3733	528	11	likely	likely	ADJ
ajeer-3733	528	12	bucket	bucket	NOUN
ajeer-3733	528	13	of	of	ADP
ajeer-3733	528	14	the	the	PRON
ajeer-3733	528	15	multiplier	multipli	ADJ
ajeer-3733	528	16	(	(	PUNCT
ajeer-3733	528	17	low	low	ADJ
ajeer-3733	528	18	,	,	PUNCT
ajeer-3733	528	19	medium	medium	ADJ
ajeer-3733	528	20	,	,	PUNCT
ajeer-3733	528	21	or	or	CCONJ
ajeer-3733	528	22	high	high	ADJ
ajeer-3733	528	23	)	)	PUNCT
ajeer-3733	528	24	.	.	PUNCT
ajeer-3733	529	1	step	step	NOUN
ajeer-3733	529	2	3	3	NUM
ajeer-3733	529	3	:	:	PUNCT
ajeer-3733	529	4	adjust	adjust	VERB
ajeer-3733	529	5	the	the	DET
ajeer-3733	529	6	range	range	NOUN
ajeer-3733	529	7	assigned	assign	VERB
ajeer-3733	529	8	using	use	VERB
ajeer-3733	529	9	the	the	DET
ajeer-3733	529	10	scoring	scoring	NOUN
ajeer-3733	529	11	method	method	NOUN
ajeer-3733	529	12	based	base	VERB
ajeer-3733	529	13	on	on	ADP
ajeer-3733	529	14	cambodia	cambodia	PROPN
ajeer-3733	529	15	’s	’s	PART
ajeer-3733	529	16	temporary	temporary	ADJ
ajeer-3733	529	17	characteristics	characteristic	NOUN
ajeer-3733	529	18	.	.	PUNCT
ajeer-3733	530	1	after	after	ADP
ajeer-3733	530	2	steps	step	NOUN
ajeer-3733	530	3	1	1	NUM
ajeer-3733	530	4	and	and	CCONJ
ajeer-3733	530	5	2	2	NUM
ajeer-3733	530	6	,	,	PUNCT
ajeer-3733	530	7	cambodia	cambodia	PROPN
ajeer-3733	530	8	falls	fall	VERB
ajeer-3733	530	9	into	into	ADP
ajeer-3733	530	10	the	the	DET
ajeer-3733	530	11	low	low	ADJ
ajeer-3733	530	12	-	-	PUNCT
ajeer-3733	530	13	multiplier	multipli	ADJ
ajeer-3733	530	14	bucket	bucket	NOUN
ajeer-3733	530	15	,	,	PUNCT
ajeer-3733	530	16	suggesting	suggest	VERB
ajeer-3733	530	17	that	that	SCONJ
ajeer-3733	530	18	the	the	DET
ajeer-3733	530	19	fiscal	fiscal	ADJ
ajeer-3733	530	20	multiplier	multipli	ADJ
ajeer-3733	530	21	ranges	range	NOUN
ajeer-3733	530	22	between	between	ADP
ajeer-3733	530	23	0.1	0.1	NUM
ajeer-3733	530	24	and	and	CCONJ
ajeer-3733	530	25	0.3	0.3	NUM
ajeer-3733	530	26	.	.	PUNCT
ajeer-3733	531	1	adjusting	adjust	VERB
ajeer-3733	531	2	for	for	ADP
ajeer-3733	531	3	the	the	DET
ajeer-3733	531	4	temporary	temporary	ADJ
ajeer-3733	531	5	factors	factor	NOUN
ajeer-3733	531	6	prevailing	prevail	VERB
ajeer-3733	531	7	in	in	ADP
ajeer-3733	531	8	2020	2020	NUM
ajeer-3733	531	9	,	,	PUNCT
ajeer-3733	531	10	the	the	DET
ajeer-3733	531	11	estimate	estimate	NOUN
ajeer-3733	531	12	of	of	ADP
ajeer-3733	531	13	the	the	DET
ajeer-3733	531	14	first	first	ADJ
ajeer-3733	531	15	-	-	PUNCT
ajeer-3733	531	16	year	year	NOUN
ajeer-3733	531	17	fiscal	fiscal	ADJ
ajeer-3733	531	18	multiplier	multipli	ADJ
ajeer-3733	531	19	falls	fall	VERB
ajeer-3733	531	20	in	in	ADP
ajeer-3733	531	21	the	the	DET
ajeer-3733	531	22	range	range	NOUN
ajeer-3733	531	23	of	of	ADP
ajeer-3733	531	24	0.5	0.5	NUM
ajeer-3733	531	25	to	to	ADP
ajeer-3733	531	26	0.7	0.7	NUM
ajeer-3733	531	27	.	.	PUNCT
ajeer-3733	532	1	hence	hence	ADV
ajeer-3733	532	2	,	,	PUNCT
ajeer-3733	532	3	in	in	ADP
ajeer-3733	532	4	the	the	DET
ajeer-3733	532	5	model	model	NOUN
ajeer-3733	532	6	,	,	PUNCT
ajeer-3733	532	7	we	we	PRON
ajeer-3733	532	8	calibrate	calibrate	VERB
ajeer-3733	532	9	the	the	DET
ajeer-3733	532	10	impact	impact	NOUN
ajeer-3733	532	11	multiplier	multiplier	ADV
ajeer-3733	532	12	to	to	PART
ajeer-3733	532	13	be	be	AUX
ajeer-3733	532	14	equal	equal	ADJ
ajeer-3733	532	15	to	to	ADP
ajeer-3733	532	16	0.5	0.5	NUM
ajeer-3733	532	17	.	.	PUNCT
ajeer-3733	532	18	table	table	NOUN
ajeer-3733	532	19	b2	b2	NOUN
ajeer-3733	532	20	.	.	PUNCT
ajeer-3733	533	1	cambodia	cambodia	PROPN
ajeer-3733	533	2	’s	’s	PART
ajeer-3733	533	3	fiscal	fiscal	ADJ
ajeer-3733	533	4	multiplier	multipli	ADJ
ajeer-3733	533	5	in	in	ADP
ajeer-3733	533	6	2020	2020	NUM
ajeer-3733	533	7	:	:	PUNCT
ajeer-3733	533	8	the	the	DET
ajeer-3733	533	9	bucket	bucket	NOUN
ajeer-3733	533	10	approach	approach	NOUN
ajeer-3733	533	11	.	.	PUNCT
ajeer-3733	534	1	step	step	NOUN
ajeer-3733	534	2	1	1	NUM
ajeer-3733	534	3	:	:	PUNCT
ajeer-3733	534	4	scoring	score	VERB
ajeer-3733	534	5	the	the	DET
ajeer-3733	534	6	characteristics	characteristic	NOUN
ajeer-3733	534	7	characteristics	characteristic	NOUN
ajeer-3733	534	8	assess	assess	VERB
ajeer-3733	534	9	score	score	NOUN
ajeer-3733	534	10	indicators	indicator	NOUN
ajeer-3733	534	11	[	[	X
ajeer-3733	534	12	benchmark	benchmark	X
ajeer-3733	534	13	]	]	X
ajeer-3733	534	14	low	low	ADJ
ajeer-3733	534	15	trade	trade	NOUN
ajeer-3733	534	16	openness	openness	NOUN
ajeer-3733	534	17	no	no	DET
ajeer-3733	534	18	0	0	NUM
ajeer-3733	534	19	imports	import	NOUN
ajeer-3733	534	20	/	/	SYM
ajeer-3733	534	21	gdp	gdp	NOUN
ajeer-3733	534	22	=	=	SYM
ajeer-3733	534	23	73	73	NUM
ajeer-3733	534	24	%	%	NOUN
ajeer-3733	534	25	(	(	PUNCT
ajeer-3733	534	26	average	average	ADJ
ajeer-3733	534	27	past	past	ADJ
ajeer-3733	534	28	5	5	NUM
ajeer-3733	534	29	years	year	NOUN
ajeer-3733	534	30	)	)	PUNCT
ajeer-3733	534	31	,	,	PUNCT
ajeer-3733	535	1	[	[	X
ajeer-3733	535	2	>	>	X
ajeer-3733	535	3	40	40	NUM
ajeer-3733	535	4	%	%	NOUN
ajeer-3733	535	5	]	]	X
ajeer-3733	535	6	high	high	ADJ
ajeer-3733	535	7	labor	labor	NOUN
ajeer-3733	535	8	market	market	NOUN
ajeer-3733	535	9	rigidity	rigidity	NOUN
ajeer-3733	535	10	no	no	DET
ajeer-3733	535	11	0	0	NUM
ajeer-3733	535	12	weak	weak	ADJ
ajeer-3733	535	13	labor	labor	NOUN
ajeer-3733	535	14	unions	union	NOUN
ajeer-3733	535	15	(	(	PUNCT
ajeer-3733	535	16	world	world	PROPN
ajeer-3733	535	17	economic	economic	PROPN
ajeer-3733	535	18	forum	forum	PROPN
ajeer-3733	535	19	,	,	PUNCT
ajeer-3733	535	20	2019	2019	NUM
ajeer-3733	535	21	)	)	PUNCT
ajeer-3733	535	22	small	small	ADJ
ajeer-3733	535	23	automatic	automatic	ADJ
ajeer-3733	535	24	stabilizers	stabilizer	NOUN
ajeer-3733	535	25	yes	yes	INTJ
ajeer-3733	535	26	1	1	NUM
ajeer-3733	535	27	public	public	ADJ
ajeer-3733	535	28	spending	spending	NOUN
ajeer-3733	535	29	/	/	SYM
ajeer-3733	535	30	gdp	gdp	NOUN
ajeer-3733	535	31	=	=	NOUN
ajeer-3733	535	32	23	23	NUM
ajeer-3733	535	33	%	%	NOUN
ajeer-3733	535	34	,	,	PUNCT
ajeer-3733	536	1	[	[	X
ajeer-3733	536	2	<	<	X
ajeer-3733	536	3	45	45	NUM
ajeer-3733	536	4	%	%	NOUN
ajeer-3733	536	5	]	]	PUNCT
ajeer-3733	536	6	fixed	fix	VERB
ajeer-3733	536	7	exchange	exchange	NOUN
ajeer-3733	536	8	rate	rate	NOUN
ajeer-3733	536	9	regime	regime	NOUN
ajeer-3733	536	10	yes	yes	ADV
ajeer-3733	536	11	1	1	NUM
ajeer-3733	536	12	stabilized	stabilize	VERB
ajeer-3733	536	13	around	around	ADP
ajeer-3733	536	14	4,050	4,050	NUM
ajeer-3733	536	15	riels	riel	NOUN
ajeer-3733	536	16	per	per	ADP
ajeer-3733	536	17	us	us	PROPN
ajeer-3733	536	18	dollar	dollar	NOUN
ajeer-3733	536	19	low	low	ADJ
ajeer-3733	536	20	public	public	ADJ
ajeer-3733	536	21	debt	debt	NOUN
ajeer-3733	536	22	yes	yes	ADV
ajeer-3733	536	23	1	1	NUM
ajeer-3733	536	24	debt	debt	NOUN
ajeer-3733	536	25	-	-	PUNCT
ajeer-3733	536	26	to	to	ADP
ajeer-3733	536	27	-	-	PUNCT
ajeer-3733	536	28	gdp	gdp	NOUN
ajeer-3733	536	29	=	=	SYM
ajeer-3733	536	30	28	28	NUM
ajeer-3733	536	31	%	%	NOUN
ajeer-3733	536	32	,	,	PUNCT
ajeer-3733	537	1	[	[	X
ajeer-3733	537	2	<	<	X
ajeer-3733	537	3	40	40	NUM
ajeer-3733	537	4	%	%	NOUN
ajeer-3733	537	5	]	]	PUNCT
ajeer-3733	537	6	effective	effective	ADJ
ajeer-3733	537	7	public	public	ADJ
ajeer-3733	537	8	expenditure	expenditure	NOUN
ajeer-3733	537	9	and	and	CCONJ
ajeer-3733	537	10	revenue	revenue	NOUN
ajeer-3733	537	11	management	management	NOUN
ajeer-3733	537	12	no	no	DET
ajeer-3733	537	13	0	0	NUM
ajeer-3733	537	14	based	base	VERB
ajeer-3733	537	15	on	on	ADP
ajeer-3733	537	16	the	the	DET
ajeer-3733	537	17	2015	2015	NUM
ajeer-3733	537	18	evaluation	evaluation	NOUN
ajeer-3733	537	19	of	of	ADP
ajeer-3733	537	20	public	public	ADJ
ajeer-3733	537	21	financial	financial	ADJ
ajeer-3733	537	22	management	management	NOUN
ajeer-3733	537	23	of	of	ADP
ajeer-3733	537	24	cambodia	cambodia	PROPN
ajeer-3733	537	25	.	.	PUNCT
ajeer-3733	538	1	step	step	NOUN
ajeer-3733	538	2	2	2	NUM
ajeer-3733	538	3	:	:	PUNCT
ajeer-3733	538	4	total	total	ADJ
ajeer-3733	538	5	score	score	NOUN
ajeer-3733	538	6	and	and	CCONJ
ajeer-3733	538	7	group	group	NOUN
ajeer-3733	538	8	total	total	ADJ
ajeer-3733	538	9	score	score	NOUN
ajeer-3733	538	10	low	low	ADJ
ajeer-3733	538	11	multiplier	multipli	ADJ
ajeer-3733	538	12	3	3	NUM
ajeer-3733	538	13	low	low	ADJ
ajeer-3733	538	14	multiplier	multipli	ADJ
ajeer-3733	538	15	,	,	PUNCT
ajeer-3733	538	16	if	if	SCONJ
ajeer-3733	538	17	the	the	DET
ajeer-3733	538	18	total	total	ADJ
ajeer-3733	538	19	score	score	NOUN
ajeer-3733	538	20	is	be	AUX
ajeer-3733	538	21	less	less	ADJ
ajeer-3733	538	22	than	than	ADP
ajeer-3733	538	23	3	3	NUM
ajeer-3733	538	24	.	.	NOUN
ajeer-3733	538	25	fiscal	fiscal	ADJ
ajeer-3733	538	26	multiplier	multipli	ADJ
ajeer-3733	538	27	0.1–0.3	0.1–0.3	X
ajeer-3733	538	28	low	low	ADJ
ajeer-3733	538	29	multiplier	multiplier	ADV
ajeer-3733	538	30	:	:	PUNCT
ajeer-3733	538	31	between	between	ADP
ajeer-3733	538	32	0.1	0.1	NUM
ajeer-3733	538	33	and	and	CCONJ
ajeer-3733	538	34	0.3	0.3	NUM
ajeer-3733	538	35	step	step	NOUN
ajeer-3733	538	36	3	3	NUM
ajeer-3733	538	37	:	:	PUNCT
ajeer-3733	538	38	adjustment	adjustment	NOUN
ajeer-3733	538	39	for	for	ADP
ajeer-3733	538	40	temporary	temporary	ADJ
ajeer-3733	538	41	factors	factor	NOUN
ajeer-3733	538	42	composition	composition	NOUN
ajeer-3733	538	43	of	of	ADP
ajeer-3733	538	44	the	the	DET
ajeer-3733	538	45	fiscal	fiscal	ADJ
ajeer-3733	538	46	stimulus	stimulus	NOUN
ajeer-3733	538	47	0.25	0.25	NUM
ajeer-3733	538	48	the	the	DET
ajeer-3733	538	49	fiscal	fiscal	ADJ
ajeer-3733	538	50	stimulus	stimulus	NOUN
ajeer-3733	538	51	involves	involve	VERB
ajeer-3733	538	52	both	both	PRON
ajeer-3733	538	53	spending	spending	NOUN
ajeer-3733	538	54	and	and	CCONJ
ajeer-3733	538	55	net	net	ADJ
ajeer-3733	538	56	taxes	taxis	NOUN
ajeer-3733	538	57	(	(	PUNCT
ajeer-3733	538	58	increase	increase	VERB
ajeer-3733	538	59	the	the	DET
ajeer-3733	538	60	lower	lower	ADV
ajeer-3733	538	61	bound	bind	VERB
ajeer-3733	538	62	by	by	ADP
ajeer-3733	538	63	0.5	0.5	NUM
ajeer-3733	538	64	and	and	CCONJ
ajeer-3733	538	65	then	then	ADV
ajeer-3733	538	66	divide	divide	VERB
ajeer-3733	538	67	by	by	ADP
ajeer-3733	538	68	2	2	NUM
ajeer-3733	538	69	)	)	PUNCT
ajeer-3733	538	70	economic	economic	ADJ
ajeer-3733	538	71	cycle	cycle	NOUN
ajeer-3733	538	72	0.17	0.17	NUM
ajeer-3733	538	73	negative	negative	ADJ
ajeer-3733	538	74	output	output	NOUN
ajeer-3733	538	75	gap	gap	NOUN
ajeer-3733	538	76	due	due	ADP
ajeer-3733	538	77	to	to	ADP
ajeer-3733	538	78	the	the	DET
ajeer-3733	538	79	covid-19	covid-19	PROPN
ajeer-3733	538	80	pandemic	pandemic	ADJ
ajeer-3733	538	81	(	(	PUNCT
ajeer-3733	538	82	adjustment	adjustment	NOUN
ajeer-3733	538	83	,	,	PUNCT
ajeer-3733	538	84	0.5	0.5	NUM
ajeer-3733	538	85	*	*	NOUN
ajeer-3733	538	86	1/3	1/3	NUM
ajeer-3733	538	87	)	)	PUNCT
ajeer-3733	538	88	monetary	monetary	ADJ
ajeer-3733	538	89	policy	policy	NOUN
ajeer-3733	538	90	0.05	0.05	NUM
ajeer-3733	538	91	constrained	constrain	VERB
ajeer-3733	538	92	by	by	ADP
ajeer-3733	538	93	high	high	ADJ
ajeer-3733	538	94	dollarization	dollarization	NOUN
ajeer-3733	538	95	(	(	PUNCT
ajeer-3733	538	96	0.1	0.1	NUM
ajeer-3733	538	97	*	*	NUM
ajeer-3733	538	98	1/2	1/2	NUM
ajeer-3733	538	99	)	)	PUNCT
ajeer-3733	538	100	the	the	DET
ajeer-3733	538	101	multiplier	multipli	ADJ
ajeer-3733	538	102	after	after	ADP
ajeer-3733	538	103	adjustment	adjustment	NOUN
ajeer-3733	538	104	0.5–0.7	0.5–0.7	ADP
ajeer-3733	538	105	the	the	DET
ajeer-3733	538	106	upper	upper	ADJ
ajeer-3733	538	107	and	and	CCONJ
ajeer-3733	538	108	lower	low	ADJ
ajeer-3733	538	109	ranges	range	NOUN
ajeer-3733	538	110	are	be	AUX
ajeer-3733	538	111	adjusted	adjust	VERB
ajeer-3733	538	112	by	by	ADP
ajeer-3733	538	113	the	the	DET
ajeer-3733	538	114	following	follow	VERB
ajeer-3733	538	115	additive	additive	ADJ
ajeer-3733	538	116	factors	factor	NOUN
ajeer-3733	538	117	:	:	PUNCT
ajeer-3733	538	118	+0.25	+0.25	PROPN
ajeer-3733	538	119	(	(	PUNCT
ajeer-3733	538	120	two	two	NUM
ajeer-3733	538	121	-	-	PUNCT
ajeer-3733	538	122	thirds	third	NOUN
ajeer-3733	538	123	of	of	ADP
ajeer-3733	538	124	the	the	DET
ajeer-3733	538	125	adjustment	adjustment	NOUN
ajeer-3733	538	126	relates	relate	VERB
ajeer-3733	538	127	to	to	ADP
ajeer-3733	538	128	expenditures	expenditure	NOUN
ajeer-3733	538	129	)	)	PUNCT
ajeer-3733	538	130	,	,	PUNCT
ajeer-3733	539	1	+0.17	+0.17	PROPN
ajeer-3733	539	2	(	(	PUNCT
ajeer-3733	539	3	large	large	ADJ
ajeer-3733	539	4	negative	negative	ADJ
ajeer-3733	539	5	output	output	NOUN
ajeer-3733	539	6	gap	gap	NOUN
ajeer-3733	539	7	)	)	PUNCT
ajeer-3733	539	8	,	,	PUNCT
ajeer-3733	539	9	and	and	CCONJ
ajeer-3733	539	10	+0.05	+0.05	PROPN
ajeer-3733	539	11	(	(	PUNCT
ajeer-3733	539	12	constrained	constrain	VERB
ajeer-3733	539	13	monetary	monetary	ADJ
ajeer-3733	539	14	policy	policy	NOUN
ajeer-3733	539	15	)	)	PUNCT
ajeer-3733	539	16	.	.	PUNCT
ajeer-3733	540	1	source	source	NOUN
ajeer-3733	540	2	:	:	PUNCT
ajeer-3733	540	3	authors	author	NOUN
ajeer-3733	540	4	’	'	PUNCT
ajeer-3733	540	5	calculations	calculation	NOUN
ajeer-3733	540	6	based	base	VERB
ajeer-3733	540	7	on	on	ADP
ajeer-3733	540	8	batini	batini	PROPN
ajeer-3733	540	9	et	et	PROPN
ajeer-3733	540	10	al	al	PROPN
ajeer-3733	540	11	.	.	PROPN
ajeer-3733	541	1	(	(	PUNCT
ajeer-3733	541	2	2014	2014	NUM
ajeer-3733	541	3	)	)	PUNCT
ajeer-3733	541	4	.	.	PUNCT
ajeer-3733	542	1	c.	c.	NOUN
ajeer-3733	543	1	the	the	DET
ajeer-3733	543	2	camfi	camfi	PROPN
ajeer-3733	543	3	model	model	NOUN
ajeer-3733	543	4	codes	code	NOUN
ajeer-3733	543	5	all	all	DET
ajeer-3733	543	6	matlab	matlab	PROPN
ajeer-3733	543	7	model	model	NOUN
ajeer-3733	543	8	codes	code	NOUN
ajeer-3733	543	9	,	,	PUNCT
ajeer-3733	543	10	including	include	VERB
ajeer-3733	543	11	parameter	parameter	NOUN
ajeer-3733	543	12	values	value	NOUN
ajeer-3733	543	13	,	,	PUNCT
ajeer-3733	543	14	and	and	CCONJ
ajeer-3733	543	15	the	the	DET
ajeer-3733	543	16	corresponding	corresponding	ADJ
ajeer-3733	543	17	version	version	NOUN
ajeer-3733	543	18	of	of	ADP
ajeer-3733	543	19	the	the	DET
ajeer-3733	543	20	iris	iris	NOUN
ajeer-3733	543	21	toolbox	toolbox	NOUN
ajeer-3733	543	22	are	be	AUX
ajeer-3733	543	23	available	available	ADJ
ajeer-3733	543	24	at	at	ADP
ajeer-3733	543	25	:	:	PUNCT
ajeer-3733	543	26	https://imfbox.box.com/s/9txhtrg77m37f4asf6tvo9cnuq4j9hh9	https://imfbox.box.com/s/9txhtrg77m37f4asf6tvo9cnuq4j9hh9	X
ajeer-3733	543	27	.	.	PUNCT
ajeer-3733	544	1	the	the	DET
ajeer-3733	544	2	key	key	ADJ
ajeer-3733	544	3	model	model	NOUN
ajeer-3733	544	4	equations	equation	NOUN
ajeer-3733	544	5	are	be	AUX
ajeer-3733	544	6	as	as	SCONJ
ajeer-3733	544	7	follows	follow	VERB
ajeer-3733	544	8	:	:	PUNCT
ajeer-3733	544	9	aggregate	aggregate	ADJ
ajeer-3733	544	10	demand	demand	NOUN
ajeer-3733	544	11	(	(	PUNCT
ajeer-3733	544	12	dynamic	dynamic	ADJ
ajeer-3733	544	13	is	be	AUX
ajeer-3733	544	14	curve	curve	NOUN
ajeer-3733	544	15	):	):	PUNCT
ajeer-3733	544	16	�	�	PROPN
ajeer-3733	544	17	̂	̂	NOUN
ajeer-3733	544	18	�	�	NOUN
ajeer-3733	544	19	𝑡	𝑡	NOUN
ajeer-3733	544	20	=	=	NOUN
ajeer-3733	544	21	𝑎1	𝑎1	PROPN
ajeer-3733	544	22	�	�	PROPN
ajeer-3733	544	23	̂	̂	VERB
ajeer-3733	544	24	�	�	NOUN
ajeer-3733	544	25	𝑡−1	𝑡−1	PROPN
ajeer-3733	544	26	+	+	NUM
ajeer-3733	544	27	𝑎2𝐸𝑡	𝑎2𝐸𝑡	PROPN
ajeer-3733	544	28	�	�	PROPN
ajeer-3733	544	29	̂	̂	PROPN
ajeer-3733	544	30	�	�	NOUN
ajeer-3733	544	31	𝑡+1	𝑡+1	PROPN
ajeer-3733	544	32	−	−	NOUN
ajeer-3733	544	33	𝑎3𝑚𝑐𝑖𝑡	𝑎3𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	544	34	+	+	CCONJ
ajeer-3733	544	35	𝑎4𝑓𝑡	𝑎4𝑓𝑡	X
ajeer-3733	544	36	𝑖𝑚𝑝	𝑖𝑚𝑝	ADJ
ajeer-3733	544	37	+	+	SYM
ajeer-3733	544	38	𝑎5	𝑎5	PROPN
ajeer-3733	544	39	�	�	PROPN
ajeer-3733	544	40	̂	̂	NOUN
ajeer-3733	544	41	�	�	NOUN
ajeer-3733	544	42	𝑡	𝑡	NOUN
ajeer-3733	544	43	∗	∗	NOUN
ajeer-3733	544	44	+	+	X
ajeer-3733	544	45	𝜀𝑡	𝜀𝑡	PROPN
ajeer-3733	544	46	𝑦	𝑦	NOUN
ajeer-3733	544	47	,	,	PUNCT
ajeer-3733	544	48	the	the	DET
ajeer-3733	544	49	monetary	monetary	ADJ
ajeer-3733	544	50	conditions	condition	NOUN
ajeer-3733	544	51	index	index	NOUN
ajeer-3733	544	52	:	:	PUNCT
ajeer-3733	544	53	𝑚𝑐𝑖𝑡	𝑚𝑐𝑖𝑡	NOUN
ajeer-3733	544	54	=	=	PUNCT
ajeer-3733	544	55	𝑎6(	𝑎6(	X
ajeer-3733	544	56	�	�	NOUN
ajeer-3733	544	57	̂	̂	SYM
ajeer-3733	544	58	�	�	NOUN
ajeer-3733	544	59	𝑡	𝑡	NOUN
ajeer-3733	544	60	+	+	NOUN
ajeer-3733	544	61	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	𝑐𝑟_𝑝𝑟𝑒𝑚𝑡	NUM
ajeer-3733	544	62	)	)	PUNCT
ajeer-3733	545	1	+	+	CCONJ
ajeer-3733	545	2	(	(	PUNCT
ajeer-3733	545	3	1	1	NUM
ajeer-3733	545	4	−	−	NUM
ajeer-3733	545	5	𝑎6)(−	𝑎6)(−	ADJ
ajeer-3733	545	6	�	�	PROPN
ajeer-3733	545	7	̂	̂	SYM
ajeer-3733	545	8	�	�	NOUN
ajeer-3733	545	9	𝑡	𝑡	NOUN
ajeer-3733	545	10	)	)	PUNCT
ajeer-3733	545	11	,	,	PUNCT
ajeer-3733	545	12	aggregate	aggregate	ADJ
ajeer-3733	545	13	supply	supply	NOUN
ajeer-3733	545	14	(	(	PUNCT
ajeer-3733	545	15	the	the	DET
ajeer-3733	545	16	new	new	ADJ
ajeer-3733	545	17	-	-	PUNCT
ajeer-3733	545	18	keynesian	keynesian	ADJ
ajeer-3733	545	19	phillips	phillip	NOUN
ajeer-3733	545	20	curve	curve	NOUN
ajeer-3733	545	21	):	):	PUNCT
ajeer-3733	545	22	𝜋𝑡	𝜋𝑡	NOUN
ajeer-3733	545	23	=	=	SYM
ajeer-3733	545	24	𝑏1𝜋𝑡−1	𝑏1𝜋𝑡−1	NUM
ajeer-3733	545	25	+	+	CCONJ
ajeer-3733	545	26	(	(	PUNCT
ajeer-3733	545	27	1	1	NUM
ajeer-3733	545	28	−	−	NOUN
ajeer-3733	545	29	𝑏1)𝐸𝑡𝜋𝑡+1	𝑏1)𝐸𝑡𝜋𝑡+1	NOUN
ajeer-3733	545	30	+	+	CCONJ
ajeer-3733	545	31	𝑏2𝑟𝑚𝑐𝑡	𝑏2𝑟𝑚𝑐𝑡	PROPN
ajeer-3733	545	32	+	+	CCONJ
ajeer-3733	545	33	𝑏3δ𝑜𝑖𝑙𝑡	𝑏3δ𝑜𝑖𝑙𝑡	PROPN
ajeer-3733	545	34	+	+	CCONJ
ajeer-3733	545	35	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	545	36	𝜋	𝜋	PRON
ajeer-3733	545	37	real	real	ADJ
ajeer-3733	545	38	marginal	marginal	ADJ
ajeer-3733	545	39	cost	cost	NOUN
ajeer-3733	545	40	:	:	PUNCT
ajeer-3733	545	41	𝑟𝑚𝑐𝑡	𝑟𝑚𝑐𝑡	NOUN
ajeer-3733	545	42	=	=	SYM
ajeer-3733	545	43	𝑏4	𝑏4	PROPN
ajeer-3733	545	44	�	�	PROPN
ajeer-3733	545	45	̂	̂	NOUN
ajeer-3733	545	46	�	�	NOUN
ajeer-3733	545	47	𝑡	𝑡	VERB
ajeer-3733	545	48	+	+	X
ajeer-3733	545	49	(	(	PUNCT
ajeer-3733	545	50	1	1	NUM
ajeer-3733	545	51	−	−	PROPN
ajeer-3733	545	52	𝑏4)	𝑏4)	PROPN
ajeer-3733	545	53	�	�	PROPN
ajeer-3733	545	54	̂	̂	NUM
ajeer-3733	545	55	�	�	NOUN
ajeer-3733	545	56	𝑡	𝑡	ADP
ajeer-3733	545	57	the	the	DET
ajeer-3733	545	58	uncovered	uncovered	ADJ
ajeer-3733	545	59	interest	interest	NOUN
ajeer-3733	545	60	rate	rate	NOUN
ajeer-3733	545	61	parity	parity	NOUN
ajeer-3733	545	62	(	(	PUNCT
ajeer-3733	545	63	uip	uip	PROPN
ajeer-3733	545	64	)	)	PUNCT
ajeer-3733	545	65	condition	condition	NOUN
ajeer-3733	545	66	:	:	PUNCT
ajeer-3733	545	67	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	545	68	=	=	SYM
ajeer-3733	545	69	(	(	PUNCT
ajeer-3733	545	70	𝐸𝑡𝑠𝑡+1	𝐸𝑡𝑠𝑡+1	NOUN
ajeer-3733	545	71	−	−	PROPN
ajeer-3733	545	72	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	545	73	)	)	PUNCT
ajeer-3733	545	74	+	+	CCONJ
ajeer-3733	545	75	𝑖𝑡	𝑖𝑡	NOUN
ajeer-3733	545	76	∗	∗	NOUN
ajeer-3733	545	77	+	+	CCONJ
ajeer-3733	545	78	𝑝𝑟𝑒𝑚𝑡	𝑝𝑟𝑒𝑚𝑡	VERB
ajeer-3733	545	79	the	the	DET
ajeer-3733	545	80	nominal	nominal	ADJ
ajeer-3733	545	81	exchange	exchange	NOUN
ajeer-3733	545	82	rate	rate	NOUN
ajeer-3733	545	83	:	:	PUNCT
ajeer-3733	545	84	∆𝑠𝑡	∆𝑠𝑡	NOUN
ajeer-3733	545	85	=	=	PUNCT
ajeer-3733	546	1	𝑐1∆𝑠𝑡−1	𝑐1∆𝑠𝑡−1	PROPN
ajeer-3733	547	1	+	+	PUNCT
ajeer-3733	547	2	(	(	PUNCT
ajeer-3733	547	3	1	1	NUM
ajeer-3733	547	4	−	−	NOUN
ajeer-3733	547	5	𝑐1)(∆	𝑐1)(∆	PROPN
ajeer-3733	547	6	�	�	PROPN
ajeer-3733	547	7	̃	̃	PROPN
ajeer-3733	547	8	�	�	PROPN
ajeer-3733	547	9	𝑡	𝑡	PART
ajeer-3733	547	10	−	−	NOUN
ajeer-3733	547	11	𝑐2𝑠𝑡−1	𝑐2𝑠𝑡−1	VERB
ajeer-3733	547	12	)	)	PUNCT
ajeer-3733	548	1	+	+	CCONJ
ajeer-3733	548	2	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	548	3	𝑠	𝑠	INTJ
ajeer-3733	548	4	the	the	DET
ajeer-3733	548	5	fiscal	fiscal	ADJ
ajeer-3733	548	6	impulse	impulse	ADJ
ajeer-3733	548	7	:	:	PUNCT
ajeer-3733	548	8	𝑓𝑡	𝑓𝑡	PROPN
ajeer-3733	548	9	𝑖𝑚𝑝	𝑖𝑚𝑝	NOUN
ajeer-3733	548	10	=	=	SYM
ajeer-3733	548	11	(	(	PUNCT
ajeer-3733	548	12	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	548	13	−	−	PROPN
ajeer-3733	548	14	𝑐𝑎𝑑𝑡−1	𝑐𝑎𝑑𝑡−1	ADJ
ajeer-3733	548	15	)	)	PUNCT
ajeer-3733	548	16	+	+	CCONJ
ajeer-3733	548	17	𝑓4𝜀𝑡	𝑓4𝜀𝑡	X
ajeer-3733	548	18	𝑏𝑡𝑎𝑟	𝑏𝑡𝑎𝑟	NOUN
ajeer-3733	548	19	±	±	NOUN
ajeer-3733	548	20	𝑓5𝜀𝑡	𝑓5𝜀𝑡	PUNCT
ajeer-3733	549	1	𝑏	𝑏	NOUN
ajeer-3733	549	2	,	,	PUNCT
ajeer-3733	549	3	the	the	DET
ajeer-3733	549	4	fiscal	fiscal	ADJ
ajeer-3733	549	5	reaction	reaction	NOUN
ajeer-3733	549	6	function	function	NOUN
ajeer-3733	549	7	:	:	PUNCT
ajeer-3733	549	8	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	549	9	=	=	SYM
ajeer-3733	549	10	𝑓7(𝑐𝑎𝑑𝑡−1	𝑓7(𝑐𝑎𝑑𝑡−1	PROPN
ajeer-3733	549	11	−	−	PROPN
ajeer-3733	549	12	𝑓10	𝑓10	PROPN
ajeer-3733	549	13	�	�	PROPN
ajeer-3733	549	14	̂	̂	NOUN
ajeer-3733	549	15	�	�	NOUN
ajeer-3733	549	16	𝑡	𝑡	NOUN
ajeer-3733	549	17	)	)	PUNCT
ajeer-3733	549	18	+	+	CCONJ
ajeer-3733	549	19	(	(	PUNCT
ajeer-3733	549	20	1	1	NUM
ajeer-3733	549	21	−	−	NOUN
ajeer-3733	549	22	𝑓7)(𝑐𝑎𝑑𝑡	𝑓7)(𝑐𝑎𝑑𝑡	PROPN
ajeer-3733	549	23	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	549	24	−	−	PROPN
ajeer-3733	549	25	𝑓8𝑏𝑡	𝑓8𝑏𝑡	NOUN
ajeer-3733	549	26	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	549	27	)	)	PUNCT
ajeer-3733	550	1	+	+	CCONJ
ajeer-3733	550	2	𝜀𝑡	𝜀𝑡	X
ajeer-3733	550	3	𝑐𝑑	𝑐𝑑	ADP
ajeer-3733	550	4	the	the	DET
ajeer-3733	550	5	cyclically	cyclically	ADV
ajeer-3733	550	6	-	-	PUNCT
ajeer-3733	550	7	adjusted	adjust	VERB
ajeer-3733	550	8	primary	primary	ADJ
ajeer-3733	550	9	deficit	deficit	NOUN
ajeer-3733	550	10	:	:	PUNCT
ajeer-3733	550	11	𝑐𝑎𝑑𝑡	𝑐𝑎𝑑𝑡	NOUN
ajeer-3733	550	12	=	=	PUNCT
ajeer-3733	550	13	𝑝𝑑𝑡	𝑝𝑑𝑡	X
ajeer-3733	550	14	+	+	SYM
ajeer-3733	550	15	𝑓3	𝑓3	PROPN
ajeer-3733	550	16	�	�	PROPN
ajeer-3733	550	17	̂	̂	NUM
ajeer-3733	550	18	�	�	NOUN
ajeer-3733	550	19	𝑡	𝑡	ADP
ajeer-3733	550	20	the	the	DET
ajeer-3733	550	21	total	total	ADJ
ajeer-3733	550	22	deficit	deficit	NOUN
ajeer-3733	550	23	:	:	PUNCT
ajeer-3733	550	24	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	550	25	=	=	PUNCT
ajeer-3733	550	26	𝑝𝑑𝑡	𝑝𝑑𝑡	NOUN
ajeer-3733	550	27	+	+	CCONJ
ajeer-3733	550	28	𝑖𝑑𝑡	𝑖𝑑𝑡	NOUN
ajeer-3733	550	29	expected	expect	VERB
ajeer-3733	550	30	debt	debt	NOUN
ajeer-3733	550	31	deviation	deviation	NOUN
ajeer-3733	550	32	path	path	NOUN
ajeer-3733	550	33	:	:	PUNCT
ajeer-3733	550	34	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	550	35	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	551	1	=	=	SYM
ajeer-3733	551	2	𝑓9(𝑏𝑡	𝑓9(𝑏𝑡	PROPN
ajeer-3733	551	3	−	−	PROPN
ajeer-3733	551	4	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	551	5	𝑡𝑎𝑟	𝑡𝑎𝑟	PROPN
ajeer-3733	551	6	)	)	PUNCT
ajeer-3733	552	1	+	+	CCONJ
ajeer-3733	552	2	(	(	PUNCT
ajeer-3733	552	3	1	1	NUM
ajeer-3733	552	4	−	−	PROPN
ajeer-3733	552	5	𝑓9)𝐸𝑡𝑏𝑡+1	𝑓9)𝐸𝑡𝑏𝑡+1	VERB
ajeer-3733	552	6	𝑑𝑒𝑣	𝑑𝑒𝑣	ADV
ajeer-3733	552	7	https://imfbox.box.com/s/9txhtrg77m37f4asf6tvo9cnuq4j9hh9	https://imfbox.box.com/s/9txhtrg77m37f4asf6tvo9cnuq4j9hh9	PROPN
ajeer-3733	552	8	asian	asian	ADJ
ajeer-3733	552	9	journal	journal	NOUN
ajeer-3733	552	10	of	of	ADP
ajeer-3733	552	11	economics	economic	NOUN
ajeer-3733	552	12	and	and	CCONJ
ajeer-3733	552	13	empirical	empirical	ADJ
ajeer-3733	552	14	research	research	NOUN
ajeer-3733	552	15	,	,	PUNCT
ajeer-3733	552	16	2022	2022	NUM
ajeer-3733	552	17	,	,	PUNCT
ajeer-3733	552	18	9(1	9(1	NUM
ajeer-3733	552	19	):	):	PUNCT
ajeer-3733	552	20	21	21	NUM
ajeer-3733	552	21	-	-	SYM
ajeer-3733	552	22	37	37	NUM
ajeer-3733	552	23	37	37	NUM
ajeer-3733	552	24	©	©	PROPN
ajeer-3733	552	25	2022	2022	NUM
ajeer-3733	552	26	by	by	ADP
ajeer-3733	552	27	the	the	DET
ajeer-3733	552	28	authors	author	NOUN
ajeer-3733	552	29	;	;	PUNCT
ajeer-3733	552	30	licensee	licensee	PROPN
ajeer-3733	552	31	asian	asian	ADJ
ajeer-3733	552	32	online	online	PROPN
ajeer-3733	552	33	journal	journal	PROPN
ajeer-3733	552	34	publishing	publishing	NOUN
ajeer-3733	552	35	group	group	PROPN
ajeer-3733	552	36	gross	gross	ADJ
ajeer-3733	552	37	debt	debt	NOUN
ajeer-3733	552	38	accumulation	accumulation	NOUN
ajeer-3733	552	39	:	:	PUNCT
ajeer-3733	552	40	𝑏𝑡	𝑏𝑡	NOUN
ajeer-3733	552	41	=	=	NOUN
ajeer-3733	552	42	𝑑𝑡	𝑑𝑡	ADP
ajeer-3733	552	43	+	+	NUM
ajeer-3733	552	44	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	552	45	+	+	CCONJ
ajeer-3733	552	46	(	(	PUNCT
ajeer-3733	552	47	1	1	NUM
ajeer-3733	552	48	+	+	NUM
ajeer-3733	552	49	𝛥𝑠𝑡)𝑏𝑡−1/(1	𝛥𝑠𝑡)𝑏𝑡−1/(1	NUM
ajeer-3733	552	50	+	+	CCONJ
ajeer-3733	552	51	𝑔𝑡	𝑔𝑡	ADJ
ajeer-3733	552	52	)	)	PUNCT
ajeer-3733	552	53	fiscal	fiscal	ADJ
ajeer-3733	552	54	deposit	deposit	NOUN
ajeer-3733	552	55	accumulation	accumulation	NOUN
ajeer-3733	552	56	:	:	PUNCT
ajeer-3733	552	57	𝑥𝑡	𝑥𝑡	ADP
ajeer-3733	552	58	=	=	PUNCT
ajeer-3733	552	59	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	552	60	+	+	CCONJ
ajeer-3733	552	61	(	(	PUNCT
ajeer-3733	552	62	1	1	NUM
ajeer-3733	552	63	+	+	NUM
ajeer-3733	552	64	𝛥𝑠𝑡)𝑥𝑡−1/(1	𝛥𝑠𝑡)𝑥𝑡−1/(1	NUM
ajeer-3733	552	65	+	+	CCONJ
ajeer-3733	552	66	𝑔𝑡	𝑔𝑡	NOUN
ajeer-3733	552	67	)	)	PUNCT
ajeer-3733	552	68	the	the	DET
ajeer-3733	552	69	fiscal	fiscal	ADJ
ajeer-3733	552	70	deposit	deposit	NOUN
ajeer-3733	552	71	reaction	reaction	NOUN
ajeer-3733	552	72	function	function	NOUN
ajeer-3733	552	73	:	:	PUNCT
ajeer-3733	552	74	∆𝑥𝑡	∆𝑥𝑡	NOUN
ajeer-3733	552	75	=	=	PUNCT
ajeer-3733	552	76	𝑔2∆𝑥𝑡−1	𝑔2∆𝑥𝑡−1	PROPN
ajeer-3733	553	1	+	+	CCONJ
ajeer-3733	553	2	(	(	PUNCT
ajeer-3733	553	3	1	1	NUM
ajeer-3733	553	4	−	−	PROPN
ajeer-3733	553	5	𝑔2)(∆	𝑔2)(∆	PROPN
ajeer-3733	553	6	�	�	PROPN
ajeer-3733	553	7	̃	̃	PROPN
ajeer-3733	553	8	�	�	PROPN
ajeer-3733	553	9	𝑡	𝑡	ADJ
ajeer-3733	553	10	+	+	PROPN
ajeer-3733	553	11	𝑔3	𝑔3	PROPN
ajeer-3733	553	12	�	�	PROPN
ajeer-3733	553	13	̂	̂	SYM
ajeer-3733	553	14	�	�	NOUN
ajeer-3733	553	15	𝑡	𝑡	ADP
ajeer-3733	553	16	+	+	NOUN
ajeer-3733	553	17	𝑔4(𝑝𝑑𝑡	𝑔4(𝑝𝑑𝑡	NOUN
ajeer-3733	553	18	−	−	PROPN
ajeer-3733	553	19	𝑝𝑑𝑡	𝑝𝑑𝑡	NOUN
ajeer-3733	553	20	𝑡𝑎𝑟	𝑡𝑎𝑟	NOUN
ajeer-3733	553	21	)	)	PUNCT
ajeer-3733	553	22	)	)	PUNCT
ajeer-3733	554	1	+	+	CCONJ
ajeer-3733	554	2	𝜀𝑡	𝜀𝑡	PART
ajeer-3733	554	3	𝑥	𝑥	PROPN
ajeer-3733	554	4	debt	debt	NOUN
ajeer-3733	554	5	service	service	NOUN
ajeer-3733	554	6	:	:	PUNCT
ajeer-3733	554	7	𝑖𝑑𝑡	𝑖𝑑𝑡	NOUN
ajeer-3733	554	8	=	=	SYM
ajeer-3733	555	1	𝑖𝑡−1	𝑖𝑡−1	PROPN
ajeer-3733	555	2	𝐺𝑜𝑣(1	𝐺𝑜𝑣(1	PROPN
ajeer-3733	555	3	+	+	CCONJ
ajeer-3733	555	4	𝛥𝑠𝑡)𝑏𝑡−1/(1	𝛥𝑠𝑡)𝑏𝑡−1/(1	PROPN
ajeer-3733	555	5	+	+	CCONJ
ajeer-3733	555	6	𝑔𝑡	𝑔𝑡	NOUN
ajeer-3733	555	7	)	)	PUNCT
ajeer-3733	555	8	purchasing	purchase	VERB
ajeer-3733	555	9	power	power	NOUN
ajeer-3733	555	10	parity	parity	NOUN
ajeer-3733	555	11	(	(	PUNCT
ajeer-3733	555	12	ppp	ppp	NOUN
ajeer-3733	555	13	)	)	PUNCT
ajeer-3733	555	14	condition	condition	NOUN
ajeer-3733	555	15	:	:	PUNCT
ajeer-3733	555	16	𝑧𝑡	𝑧𝑡	ADJ
ajeer-3733	555	17	=	=	SYM
ajeer-3733	555	18	𝑠𝑡	𝑠𝑡	PROPN
ajeer-3733	555	19	+	+	CCONJ
ajeer-3733	555	20	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	555	21	∗	∗	NOUN
ajeer-3733	555	22	−	−	PROPN
ajeer-3733	555	23	𝑝𝑡	𝑝𝑡	NOUN
ajeer-3733	555	24	the	the	DET
ajeer-3733	555	25	real	real	ADJ
ajeer-3733	555	26	interest	interest	NOUN
ajeer-3733	555	27	rate	rate	NOUN
ajeer-3733	555	28	trend	trend	NOUN
ajeer-3733	555	29	:	:	PUNCT
ajeer-3733	555	30	�	�	PROPN
ajeer-3733	555	31	̃	̃	PROPN
ajeer-3733	555	32	�	�	PROPN
ajeer-3733	555	33	𝑡	𝑡	PROPN
ajeer-3733	555	34	=	=	PROPN
ajeer-3733	555	35	ℎ5	ℎ5	PROPN
ajeer-3733	555	36	�	�	PROPN
ajeer-3733	555	37	̃	̃	PROPN
ajeer-3733	555	38	�	�	PROPN
ajeer-3733	555	39	𝑡−1	𝑡−1	PROPN
ajeer-3733	555	40	+	+	CCONJ
ajeer-3733	555	41	(	(	PUNCT
ajeer-3733	555	42	1	1	NUM
ajeer-3733	555	43	−	−	PROPN
ajeer-3733	555	44	ℎ5)(∆	ℎ5)(∆	PROPN
ajeer-3733	555	45	�	�	PROPN
ajeer-3733	555	46	̃	̃	PROPN
ajeer-3733	555	47	�	�	NOUN
ajeer-3733	555	48	𝑡+1	𝑡+1	PROPN
ajeer-3733	555	49	+	+	SYM
ajeer-3733	555	50	�	�	PROPN
ajeer-3733	555	51	̃	̃	PROPN
ajeer-3733	555	52	�	�	NOUN
ajeer-3733	555	53	𝑡	𝑡	NOUN
ajeer-3733	555	54	∗	∗	NOUN
ajeer-3733	555	55	+	+	CCONJ
ajeer-3733	555	56	𝑝𝑟𝑒𝑚𝑡	𝑝𝑟𝑒𝑚𝑡	NOUN
ajeer-3733	555	57	)	)	PUNCT
ajeer-3733	555	58	the	the	DET
ajeer-3733	555	59	country	country	NOUN
ajeer-3733	555	60	risk	risk	NOUN
ajeer-3733	555	61	premium	premium	NOUN
ajeer-3733	555	62	:	:	PUNCT
ajeer-3733	555	63	𝑝𝑟𝑒𝑚𝑡	𝑝𝑟𝑒𝑚𝑡	NOUN
ajeer-3733	556	1	=	=	PUNCT
ajeer-3733	557	1	ℎ6𝑝𝑟𝑒𝑚𝑡−1	ℎ6𝑝𝑟𝑒𝑚𝑡−1	NOUN
ajeer-3733	557	2	+	+	CCONJ
ajeer-3733	557	3	(	(	PUNCT
ajeer-3733	557	4	1	1	NUM
ajeer-3733	557	5	−	−	NOUN
ajeer-3733	557	6	ℎ6	ℎ6	ADJ
ajeer-3733	557	7	)	)	PUNCT
ajeer-3733	557	8	(	(	PUNCT
ajeer-3733	557	9	𝑝𝑟𝑒𝑚	𝑝𝑟𝑒𝑚	NOUN
ajeer-3733	557	10	+	+	CCONJ
ajeer-3733	557	11	ℎ12(𝑏𝑡	ℎ12(𝑏𝑡	NUM
ajeer-3733	557	12	−	−	PROPN
ajeer-3733	557	13	�	�	PROPN
ajeer-3733	557	14	̅	̅	NOUN
ajeer-3733	557	15	�	�	NOUN
ajeer-3733	557	16	−	−	PROPN
ajeer-3733	558	1	(	(	PUNCT
ajeer-3733	558	2	𝑥𝑡	𝑥𝑡	ADP
ajeer-3733	558	3	−	−	PROPN
ajeer-3733	558	4	�	�	PROPN
ajeer-3733	558	5	̅	̅	NOUN
ajeer-3733	558	6	�	�	NOUN
ajeer-3733	558	7	)	)	PUNCT
ajeer-3733	558	8	)	)	PUNCT
ajeer-3733	558	9	)	)	PUNCT
ajeer-3733	559	1	+	+	CCONJ
ajeer-3733	559	2	𝜀𝑡	𝜀𝑡	ADV
ajeer-3733	559	3	𝑝𝑟𝑒𝑚	𝑝𝑟𝑒𝑚	VERB
ajeer-3733	559	4	the	the	DET
ajeer-3733	559	5	equilibrium	equilibrium	NOUN
ajeer-3733	559	6	real	real	ADJ
ajeer-3733	559	7	exchange	exchange	NOUN
ajeer-3733	559	8	rate	rate	NOUN
ajeer-3733	559	9	trend	trend	NOUN
ajeer-3733	559	10	:	:	PUNCT
ajeer-3733	559	11	∆	∆	PROPN
ajeer-3733	559	12	�	�	PROPN
ajeer-3733	559	13	̃	̃	PROPN
ajeer-3733	559	14	�	�	PROPN
ajeer-3733	559	15	𝑡	𝑡	ADJ
ajeer-3733	559	16	=	=	SYM
ajeer-3733	559	17	ℎ7∆	ℎ7∆	PROPN
ajeer-3733	559	18	�	�	PROPN
ajeer-3733	559	19	̃	̃	PROPN
ajeer-3733	559	20	�	�	NOUN
ajeer-3733	559	21	𝑡−1	𝑡−1	PROPN
ajeer-3733	559	22	+	+	CCONJ
ajeer-3733	559	23	(	(	PUNCT
ajeer-3733	559	24	1	1	NUM
ajeer-3733	559	25	−	−	NOUN
ajeer-3733	559	26	ℎ7)∆𝑧̅	ℎ7)∆𝑧̅	ADV
ajeer-3733	559	27	+	+	CCONJ
ajeer-3733	559	28	𝜀𝑡	𝜀𝑡	PROPN
ajeer-3733	559	29	∆𝑧	∆𝑧	NOUN
ajeer-3733	559	30	potential	potential	ADJ
ajeer-3733	559	31	output	output	NOUN
ajeer-3733	559	32	growth	growth	NOUN
ajeer-3733	559	33	:	:	PUNCT
ajeer-3733	559	34	∆	∆	PROPN
ajeer-3733	559	35	�	�	PROPN
ajeer-3733	559	36	̃	̃	PROPN
ajeer-3733	559	37	�	�	NOUN
ajeer-3733	559	38	𝑡	𝑡	ADJ
ajeer-3733	559	39	=	=	PROPN
ajeer-3733	559	40	ℎ8∆	ℎ8∆	PROPN
ajeer-3733	559	41	�	�	PROPN
ajeer-3733	559	42	̃	̃	PROPN
ajeer-3733	559	43	�	�	PROPN
ajeer-3733	559	44	𝑡−1	𝑡−1	PROPN
ajeer-3733	559	45	+	+	CCONJ
ajeer-3733	559	46	(	(	PUNCT
ajeer-3733	559	47	1	1	NUM
ajeer-3733	559	48	−	−	PROPN
ajeer-3733	559	49	ℎ8)(∆	ℎ8)(∆	PROPN
ajeer-3733	559	50	�	�	PROPN
ajeer-3733	559	51	̅	̅	NOUN
ajeer-3733	559	52	�	�	PROPN
ajeer-3733	559	53	−	−	PROPN
ajeer-3733	559	54	ℎ13(	ℎ13(	PROPN
ajeer-3733	559	55	�	�	PROPN
ajeer-3733	559	56	̃	̃	PROPN
ajeer-3733	559	57	�	�	PROPN
ajeer-3733	559	58	𝑡	𝑡	PART
ajeer-3733	559	59	−	−	PROPN
ajeer-3733	559	60	�	�	PROPN
ajeer-3733	559	61	̅	̅	NOUN
ajeer-3733	559	62	�	�	NOUN
ajeer-3733	559	63	)	)	PUNCT
ajeer-3733	559	64	)	)	PUNCT
ajeer-3733	560	1	+	+	CCONJ
ajeer-3733	560	2	𝜀𝑡	𝜀𝑡	ADP
ajeer-3733	560	3	∆𝑦	∆𝑦	PROPN
ajeer-3733	560	4	.	.	PUNCT
ajeer-3733	561	1	asian	asian	PROPN
ajeer-3733	561	2	online	online	PROPN
ajeer-3733	561	3	journal	journal	PROPN
ajeer-3733	561	4	publishing	publishing	NOUN
ajeer-3733	561	5	group	group	NOUN
ajeer-3733	561	6	is	be	AUX
ajeer-3733	561	7	not	not	PART
ajeer-3733	561	8	responsible	responsible	ADJ
ajeer-3733	561	9	or	or	CCONJ
ajeer-3733	561	10	answerable	answerable	ADJ
ajeer-3733	561	11	for	for	ADP
ajeer-3733	561	12	any	any	DET
ajeer-3733	561	13	loss	loss	NOUN
ajeer-3733	561	14	,	,	PUNCT
ajeer-3733	561	15	damage	damage	NOUN
ajeer-3733	561	16	or	or	CCONJ
ajeer-3733	561	17	liability	liability	NOUN
ajeer-3733	561	18	,	,	PUNCT
ajeer-3733	561	19	etc	etc	X
ajeer-3733	561	20	.	.	X
ajeer-3733	561	21	caused	cause	VERB
ajeer-3733	561	22	in	in	ADP
ajeer-3733	561	23	relation	relation	NOUN
ajeer-3733	561	24	to	to	PART
ajeer-3733	561	25	/	/	PUNCT
ajeer-3733	561	26	arising	arise	VERB
ajeer-3733	561	27	out	out	ADP
ajeer-3733	561	28	of	of	ADP
ajeer-3733	561	29	the	the	DET
ajeer-3733	561	30	use	use	NOUN
ajeer-3733	561	31	of	of	ADP
ajeer-3733	561	32	the	the	DET
ajeer-3733	561	33	content	content	NOUN
ajeer-3733	561	34	.	.	PUNCT
ajeer-3733	562	1	any	any	DET
ajeer-3733	562	2	queries	query	NOUN
ajeer-3733	562	3	should	should	AUX
ajeer-3733	562	4	be	be	AUX
ajeer-3733	562	5	directed	direct	VERB
ajeer-3733	562	6	to	to	ADP
ajeer-3733	562	7	the	the	DET
ajeer-3733	562	8	corresponding	corresponding	ADJ
ajeer-3733	562	9	author	author	NOUN
ajeer-3733	562	10	of	of	ADP
ajeer-3733	562	11	the	the	DET
ajeer-3733	562	12	article	article	NOUN
ajeer-3733	562	13	.	.	PUNCT