id	sid	tid	token	lemma	pos
ajeer-5797	1	1	30	30	NUM
ajeer-5797	1	2	©	©	ADP
ajeer-5797	1	3	2024	2024	NUM
ajeer-5797	1	4	by	by	ADP
ajeer-5797	1	5	the	the	DET
ajeer-5797	1	6	authors	author	NOUN
ajeer-5797	1	7	;	;	PUNCT
ajeer-5797	1	8	licensee	licensee	PROPN
ajeer-5797	1	9	asian	asian	ADJ
ajeer-5797	1	10	online	online	PROPN
ajeer-5797	1	11	journal	journal	PROPN
ajeer-5797	1	12	publishing	publishing	PROPN
ajeer-5797	1	13	group	group	PROPN
ajeer-5797	1	14	asian	asian	PROPN
ajeer-5797	1	15	journal	journal	PROPN
ajeer-5797	1	16	of	of	ADP
ajeer-5797	1	17	economics	economic	NOUN
ajeer-5797	1	18	and	and	CCONJ
ajeer-5797	1	19	empirical	empirical	ADJ
ajeer-5797	1	20	research	research	NOUN
ajeer-5797	1	21	vol	vol	NOUN
ajeer-5797	1	22	.	.	PUNCT
ajeer-5797	1	23	11	11	NUM
ajeer-5797	1	24	,	,	PUNCT
ajeer-5797	1	25	no	no	INTJ
ajeer-5797	1	26	.	.	NOUN
ajeer-5797	1	27	1	1	NUM
ajeer-5797	1	28	,	,	PUNCT
ajeer-5797	1	29	30	30	NUM
ajeer-5797	1	30	-	-	SYM
ajeer-5797	1	31	43	43	NUM
ajeer-5797	1	32	,	,	PUNCT
ajeer-5797	1	33	2024	2024	NUM
ajeer-5797	1	34	issn(e	issn(e	PROPN
ajeer-5797	1	35	)	)	PUNCT
ajeer-5797	1	36	2409	2409	NUM
ajeer-5797	1	37	-	-	SYM
ajeer-5797	1	38	2622	2622	NUM
ajeer-5797	1	39	/	/	SYM
ajeer-5797	1	40	issn(p	issn(p	PROPN
ajeer-5797	1	41	)	)	PUNCT
ajeer-5797	1	42	2518	2518	NUM
ajeer-5797	1	43	-	-	PUNCT
ajeer-5797	1	44	010x	010x	ADJ
ajeer-5797	1	45	doi	doi	NOUN
ajeer-5797	1	46	:	:	PUNCT
ajeer-5797	1	47	10.20448	10.20448	NUM
ajeer-5797	1	48	/	/	SYM
ajeer-5797	1	49	ajeer.v11i1.5797	ajeer.v11i1.5797	PROPN
ajeer-5797	1	50	©	©	PROPN
ajeer-5797	1	51	2024	2024	NUM
ajeer-5797	1	52	by	by	ADP
ajeer-5797	1	53	the	the	DET
ajeer-5797	1	54	authors	author	NOUN
ajeer-5797	1	55	;	;	PUNCT
ajeer-5797	1	56	licensee	licensee	PROPN
ajeer-5797	1	57	asian	asian	ADJ
ajeer-5797	1	58	online	online	PROPN
ajeer-5797	1	59	journal	journal	PROPN
ajeer-5797	1	60	publishing	publishing	NOUN
ajeer-5797	1	61	group	group	NOUN
ajeer-5797	1	62	the	the	DET
ajeer-5797	1	63	time	time	NOUN
ajeer-5797	1	64	-	-	PUNCT
ajeer-5797	1	65	varying	vary	VERB
ajeer-5797	1	66	impact	impact	NOUN
ajeer-5797	1	67	of	of	ADP
ajeer-5797	1	68	us	us	PROPN
ajeer-5797	1	69	monetary	monetary	ADJ
ajeer-5797	1	70	policy	policy	NOUN
ajeer-5797	1	71	spillovers	spillover	NOUN
ajeer-5797	1	72	on	on	ADP
ajeer-5797	1	73	small	small	ADJ
ajeer-5797	1	74	open	open	ADJ
ajeer-5797	1	75	economies	economy	NOUN
ajeer-5797	1	76	:	:	PUNCT
ajeer-5797	1	77	evidence	evidence	NOUN
ajeer-5797	1	78	from	from	ADP
ajeer-5797	1	79	indonesia	indonesia	PROPN
ajeer-5797	1	80	saba	saba	PROPN
ajeer-5797	1	81	ndayezhin	ndayezhin	PROPN
ajeer-5797	1	82	danladi1	danladi1	PROPN
ajeer-5797	1	83	aliyu	aliyu	PROPN
ajeer-5797	1	84	rafindadi	rafindadi	PROPN
ajeer-5797	1	85	sanusi2	sanusi2	PROPN
ajeer-5797	1	86	(	(	PUNCT
ajeer-5797	1	87			PROPN
ajeer-5797	1	88	corresponding	correspond	VERB
ajeer-5797	1	89	author	author	NOUN
ajeer-5797	1	90	)	)	PUNCT
ajeer-5797	1	91	1,2department	1,2department	NUM
ajeer-5797	1	92	of	of	ADP
ajeer-5797	1	93	economics	economic	NOUN
ajeer-5797	1	94	,	,	PUNCT
ajeer-5797	1	95	abu	abu	PROPN
ajeer-5797	1	96	business	business	PROPN
ajeer-5797	1	97	school	school	PROPN
ajeer-5797	1	98	,	,	PUNCT
ajeer-5797	1	99	ahmadu	ahmadu	PROPN
ajeer-5797	1	100	bello	bello	PROPN
ajeer-5797	1	101	university	university	PROPN
ajeer-5797	1	102	-	-	PUNCT
ajeer-5797	1	103	zaria	zaria	PROPN
ajeer-5797	1	104	,	,	PUNCT
ajeer-5797	1	105	nigeria	nigeria	PROPN
ajeer-5797	1	106	.	.	PUNCT
ajeer-5797	2	1	1email	1email	NUM
ajeer-5797	2	2	:	:	PUNCT
ajeer-5797	3	1	danladinsaba@gmail.com	danladinsaba@gmail.com	X
ajeer-5797	4	1	2email	2email	NUM
ajeer-5797	4	2	:	:	PUNCT
ajeer-5797	5	1	aliyurafindadiz@yahoo.com	aliyurafindadiz@yahoo.com	X
ajeer-5797	6	1	abstract	abstract	ADJ
ajeer-5797	6	2	this	this	DET
ajeer-5797	6	3	study	study	NOUN
ajeer-5797	6	4	examines	examine	VERB
ajeer-5797	6	5	the	the	DET
ajeer-5797	6	6	impact	impact	NOUN
ajeer-5797	6	7	of	of	ADP
ajeer-5797	6	8	the	the	DET
ajeer-5797	6	9	us	us	PROPN
ajeer-5797	6	10	monetary	monetary	ADJ
ajeer-5797	6	11	policy	policy	NOUN
ajeer-5797	6	12	spillover	spillover	VERB
ajeer-5797	6	13	on	on	ADP
ajeer-5797	6	14	indonesia	indonesia	PROPN
ajeer-5797	6	15	’s	’s	PART
ajeer-5797	6	16	macroeconomic	macroeconomic	ADJ
ajeer-5797	6	17	and	and	CCONJ
ajeer-5797	6	18	financial	financial	ADJ
ajeer-5797	6	19	variables	variable	NOUN
ajeer-5797	6	20	using	use	VERB
ajeer-5797	6	21	quarterly	quarterly	ADJ
ajeer-5797	6	22	data	datum	NOUN
ajeer-5797	6	23	for	for	ADP
ajeer-5797	6	24	the	the	DET
ajeer-5797	6	25	period	period	NOUN
ajeer-5797	6	26	2000–2020	2000–2020	NUM
ajeer-5797	6	27	for	for	ADP
ajeer-5797	6	28	both	both	CCONJ
ajeer-5797	6	29	domestic	domestic	ADJ
ajeer-5797	6	30	and	and	CCONJ
ajeer-5797	6	31	us	us	PROPN
ajeer-5797	6	32	variables	variable	NOUN
ajeer-5797	6	33	.	.	PUNCT
ajeer-5797	7	1	the	the	DET
ajeer-5797	7	2	study	study	NOUN
ajeer-5797	7	3	uses	use	VERB
ajeer-5797	7	4	a	a	DET
ajeer-5797	7	5	bayesian	bayesian	NOUN
ajeer-5797	7	6	form	form	NOUN
ajeer-5797	7	7	of	of	ADP
ajeer-5797	7	8	a	a	DET
ajeer-5797	7	9	time	time	NOUN
ajeer-5797	7	10	-	-	PUNCT
ajeer-5797	7	11	varying	vary	VERB
ajeer-5797	7	12	parameter	parameter	NOUN
ajeer-5797	7	13	(	(	PUNCT
ajeer-5797	7	14	tvp	tvp	PROPN
ajeer-5797	7	15	)	)	PUNCT
ajeer-5797	7	16	vector	vector	NOUN
ajeer-5797	7	17	autoregressive	autoregressive	ADJ
ajeer-5797	7	18	(	(	PUNCT
ajeer-5797	7	19	var	var	NOUN
ajeer-5797	7	20	)	)	PUNCT
ajeer-5797	7	21	model	model	NOUN
ajeer-5797	7	22	with	with	ADP
ajeer-5797	7	23	stochastic	stochastic	ADJ
ajeer-5797	7	24	volatility	volatility	NOUN
ajeer-5797	7	25	to	to	PART
ajeer-5797	7	26	look	look	VERB
ajeer-5797	7	27	at	at	ADP
ajeer-5797	7	28	how	how	SCONJ
ajeer-5797	7	29	real	real	ADJ
ajeer-5797	7	30	gdp	gdp	NOUN
ajeer-5797	7	31	,	,	PUNCT
ajeer-5797	7	32	inflation	inflation	NOUN
ajeer-5797	7	33	,	,	PUNCT
ajeer-5797	7	34	the	the	DET
ajeer-5797	7	35	exchange	exchange	NOUN
ajeer-5797	7	36	rate	rate	NOUN
ajeer-5797	7	37	,	,	PUNCT
ajeer-5797	7	38	the	the	DET
ajeer-5797	7	39	stock	stock	NOUN
ajeer-5797	7	40	market	market	NOUN
ajeer-5797	7	41	return	return	NOUN
ajeer-5797	7	42	,	,	PUNCT
ajeer-5797	7	43	and	and	CCONJ
ajeer-5797	7	44	the	the	DET
ajeer-5797	7	45	monetary	monetary	ADJ
ajeer-5797	7	46	policy	policy	NOUN
ajeer-5797	7	47	rate	rate	NOUN
ajeer-5797	7	48	react	react	VERB
ajeer-5797	7	49	to	to	ADP
ajeer-5797	7	50	a	a	DET
ajeer-5797	7	51	shock	shock	NOUN
ajeer-5797	7	52	in	in	ADP
ajeer-5797	7	53	us	we	PRON
ajeer-5797	7	54	monetary	monetary	ADJ
ajeer-5797	7	55	policy	policy	NOUN
ajeer-5797	7	56	.	.	PUNCT
ajeer-5797	8	1	we	we	PRON
ajeer-5797	8	2	find	find	VERB
ajeer-5797	8	3	that	that	SCONJ
ajeer-5797	8	4	us	we	PRON
ajeer-5797	8	5	monetary	monetary	ADJ
ajeer-5797	8	6	policy	policy	NOUN
ajeer-5797	8	7	spillovers	spillover	NOUN
ajeer-5797	8	8	,	,	PUNCT
ajeer-5797	8	9	on	on	ADP
ajeer-5797	8	10	average	average	ADJ
ajeer-5797	8	11	,	,	PUNCT
ajeer-5797	8	12	boost	boost	VERB
ajeer-5797	8	13	indonesia	indonesia	PROPN
ajeer-5797	8	14	’s	’s	PART
ajeer-5797	8	15	real	real	PROPN
ajeer-5797	8	16	gdp	gdp	NOUN
ajeer-5797	8	17	,	,	PUNCT
ajeer-5797	8	18	stock	stock	NOUN
ajeer-5797	8	19	market	market	NOUN
ajeer-5797	8	20	returns	return	NOUN
ajeer-5797	8	21	,	,	PUNCT
ajeer-5797	8	22	and	and	CCONJ
ajeer-5797	8	23	bilateral	bilateral	ADJ
ajeer-5797	8	24	exchange	exchange	NOUN
ajeer-5797	8	25	rate	rate	NOUN
ajeer-5797	8	26	vis	vis	X
ajeer-5797	8	27	a	a	X
ajeer-5797	8	28	vis	vis	X
ajeer-5797	8	29	the	the	DET
ajeer-5797	8	30	us	us	PROPN
ajeer-5797	8	31	dollar	dollar	NOUN
ajeer-5797	8	32	but	but	CCONJ
ajeer-5797	8	33	also	also	ADV
ajeer-5797	8	34	trigger	trigger	VERB
ajeer-5797	8	35	domestic	domestic	ADJ
ajeer-5797	8	36	inflation	inflation	NOUN
ajeer-5797	8	37	beyond	beyond	ADP
ajeer-5797	8	38	what	what	PRON
ajeer-5797	8	39	indonesia	indonesia	PROPN
ajeer-5797	8	40	’s	’s	PART
ajeer-5797	8	41	policy	policy	NOUN
ajeer-5797	8	42	reaction	reaction	NOUN
ajeer-5797	8	43	could	could	AUX
ajeer-5797	8	44	counteract	counteract	VERB
ajeer-5797	8	45	.	.	PUNCT
ajeer-5797	9	1	however	however	ADV
ajeer-5797	9	2	,	,	PUNCT
ajeer-5797	9	3	there	there	PRON
ajeer-5797	9	4	are	be	VERB
ajeer-5797	9	5	significant	significant	ADJ
ajeer-5797	9	6	differences	difference	NOUN
ajeer-5797	9	7	between	between	ADP
ajeer-5797	9	8	the	the	DET
ajeer-5797	9	9	variables	variable	NOUN
ajeer-5797	9	10	'	'	PART
ajeer-5797	9	11	responses	response	NOUN
ajeer-5797	9	12	to	to	ADP
ajeer-5797	9	13	easing	ease	VERB
ajeer-5797	9	14	and	and	CCONJ
ajeer-5797	9	15	tightening	tighten	VERB
ajeer-5797	9	16	shocks	shock	NOUN
ajeer-5797	9	17	,	,	PUNCT
ajeer-5797	9	18	on	on	ADP
ajeer-5797	9	19	the	the	DET
ajeer-5797	9	20	one	one	NUM
ajeer-5797	9	21	hand	hand	NOUN
ajeer-5797	9	22	,	,	PUNCT
ajeer-5797	9	23	and	and	CCONJ
ajeer-5797	9	24	conventional	conventional	ADJ
ajeer-5797	9	25	vs.	vs.	ADP
ajeer-5797	9	26	unconventional	unconventional	ADJ
ajeer-5797	9	27	monetary	monetary	ADJ
ajeer-5797	9	28	policy	policy	NOUN
ajeer-5797	9	29	,	,	PUNCT
ajeer-5797	9	30	on	on	ADP
ajeer-5797	9	31	the	the	DET
ajeer-5797	9	32	other	other	ADJ
ajeer-5797	9	33	.	.	PUNCT
ajeer-5797	10	1	finally	finally	ADV
ajeer-5797	10	2	,	,	PUNCT
ajeer-5797	10	3	we	we	PRON
ajeer-5797	10	4	found	find	VERB
ajeer-5797	10	5	substantial	substantial	ADJ
ajeer-5797	10	6	time	time	NOUN
ajeer-5797	10	7	variation	variation	NOUN
ajeer-5797	10	8	corresponding	correspond	VERB
ajeer-5797	10	9	to	to	ADP
ajeer-5797	10	10	major	major	ADJ
ajeer-5797	10	11	global	global	ADJ
ajeer-5797	10	12	events	event	NOUN
ajeer-5797	10	13	,	,	PUNCT
ajeer-5797	10	14	including	include	VERB
ajeer-5797	10	15	the	the	DET
ajeer-5797	10	16	global	global	ADJ
ajeer-5797	10	17	financial	financial	ADJ
ajeer-5797	10	18	crisis	crisis	NOUN
ajeer-5797	10	19	and	and	CCONJ
ajeer-5797	10	20	implementation	implementation	NOUN
ajeer-5797	10	21	of	of	ADP
ajeer-5797	10	22	unconventional	unconventional	ADJ
ajeer-5797	10	23	monetary	monetary	ADJ
ajeer-5797	10	24	policy	policy	NOUN
ajeer-5797	10	25	,	,	PUNCT
ajeer-5797	10	26	the	the	DET
ajeer-5797	10	27	taper	taper	NOUN
ajeer-5797	10	28	tantrum	tantrum	NOUN
ajeer-5797	10	29	of	of	ADP
ajeer-5797	10	30	2013–2014	2013–2014	NUM
ajeer-5797	10	31	,	,	PUNCT
ajeer-5797	10	32	and	and	CCONJ
ajeer-5797	10	33	the	the	DET
ajeer-5797	10	34	severe	severe	ADJ
ajeer-5797	10	35	lockdown	lockdown	NOUN
ajeer-5797	10	36	in	in	ADP
ajeer-5797	10	37	the	the	DET
ajeer-5797	10	38	wake	wake	NOUN
ajeer-5797	10	39	of	of	ADP
ajeer-5797	10	40	the	the	DET
ajeer-5797	10	41	covid-19	covid-19	PROPN
ajeer-5797	10	42	pandemic	pandemic	NOUN
ajeer-5797	10	43	in	in	ADP
ajeer-5797	10	44	2019–2020	2019–2020	NUM
ajeer-5797	10	45	.	.	PUNCT
ajeer-5797	11	1	these	these	DET
ajeer-5797	11	2	findings	finding	NOUN
ajeer-5797	11	3	underscore	underscore	VERB
ajeer-5797	11	4	the	the	DET
ajeer-5797	11	5	importance	importance	NOUN
ajeer-5797	11	6	for	for	SCONJ
ajeer-5797	11	7	policymakers	policymaker	NOUN
ajeer-5797	11	8	in	in	ADP
ajeer-5797	11	9	indonesia	indonesia	PROPN
ajeer-5797	11	10	to	to	PART
ajeer-5797	11	11	closely	closely	ADV
ajeer-5797	11	12	monitor	monitor	VERB
ajeer-5797	11	13	and	and	CCONJ
ajeer-5797	11	14	anticipate	anticipate	VERB
ajeer-5797	11	15	the	the	DET
ajeer-5797	11	16	impact	impact	NOUN
ajeer-5797	11	17	of	of	ADP
ajeer-5797	11	18	us	us	PROPN
ajeer-5797	11	19	monetary	monetary	ADJ
ajeer-5797	11	20	policy	policy	NOUN
ajeer-5797	11	21	spillovers	spillover	NOUN
ajeer-5797	11	22	on	on	ADP
ajeer-5797	11	23	domestic	domestic	ADJ
ajeer-5797	11	24	macroeconomic	macroeconomic	ADJ
ajeer-5797	11	25	variables	variable	NOUN
ajeer-5797	11	26	.	.	PUNCT
ajeer-5797	12	1	this	this	DET
ajeer-5797	12	2	knowledge	knowledge	NOUN
ajeer-5797	12	3	can	can	AUX
ajeer-5797	12	4	inform	inform	VERB
ajeer-5797	12	5	more	more	ADV
ajeer-5797	12	6	effective	effective	ADJ
ajeer-5797	12	7	policy	policy	NOUN
ajeer-5797	12	8	responses	response	NOUN
ajeer-5797	12	9	and	and	CCONJ
ajeer-5797	12	10	risk	risk	NOUN
ajeer-5797	12	11	management	management	NOUN
ajeer-5797	12	12	strategies	strategy	NOUN
ajeer-5797	12	13	to	to	PART
ajeer-5797	12	14	safeguard	safeguard	VERB
ajeer-5797	12	15	economic	economic	ADJ
ajeer-5797	12	16	stability	stability	NOUN
ajeer-5797	12	17	and	and	CCONJ
ajeer-5797	12	18	promote	promote	VERB
ajeer-5797	12	19	sustainable	sustainable	ADJ
ajeer-5797	12	20	growth	growth	NOUN
ajeer-5797	12	21	.	.	PUNCT
ajeer-5797	13	1	keywords	keyword	NOUN
ajeer-5797	13	2	:	:	PUNCT
ajeer-5797	13	3	indonesia	indonesia	PROPN
ajeer-5797	13	4	,	,	PUNCT
ajeer-5797	13	5	macroeconomic	macroeconomic	ADJ
ajeer-5797	13	6	variables	variable	NOUN
ajeer-5797	13	7	,	,	PUNCT
ajeer-5797	13	8	monetary	monetary	ADJ
ajeer-5797	13	9	policy	policy	NOUN
ajeer-5797	13	10	spillover	spillover	NOUN
ajeer-5797	13	11	,	,	PUNCT
ajeer-5797	13	12	small	small	ADJ
ajeer-5797	13	13	open	open	ADJ
ajeer-5797	13	14	economy	economy	NOUN
ajeer-5797	13	15	,	,	PUNCT
ajeer-5797	13	16	time	time	NOUN
ajeer-5797	13	17	-	-	PUNCT
ajeer-5797	13	18	varying	vary	VERB
ajeer-5797	13	19	var	var	NOUN
ajeer-5797	13	20	,	,	PUNCT
ajeer-5797	13	21	us	we	PRON
ajeer-5797	13	22	.	.	PUNCT
ajeer-5797	14	1	jel	jel	PROPN
ajeer-5797	14	2	classification	classification	NOUN
ajeer-5797	14	3	:	:	PUNCT
ajeer-5797	14	4	f33	f33	ADJ
ajeer-5797	14	5	;	;	PUNCT
ajeer-5797	14	6	f41	f41	NOUN
ajeer-5797	14	7	;	;	PUNCT
ajeer-5797	14	8	f42	f42	PROPN
ajeer-5797	14	9	.	.	PUNCT
ajeer-5797	15	1	citation	citation	NOUN
ajeer-5797	15	2	|	|	ADV
ajeer-5797	15	3	danladi	danladi	NOUN
ajeer-5797	15	4	,	,	PUNCT
ajeer-5797	15	5	s.	s.	PROPN
ajeer-5797	15	6	n.	n.	PROPN
ajeer-5797	15	7	,	,	PUNCT
ajeer-5797	15	8	&	&	CCONJ
ajeer-5797	15	9	sanusi	sanusi	PROPN
ajeer-5797	15	10	,	,	PUNCT
ajeer-5797	15	11	a.	a.	PROPN
ajeer-5797	15	12	r.	r.	PROPN
ajeer-5797	15	13	(	(	PUNCT
ajeer-5797	15	14	2024	2024	NUM
ajeer-5797	15	15	)	)	PUNCT
ajeer-5797	15	16	.	.	PUNCT
ajeer-5797	16	1	the	the	DET
ajeer-5797	16	2	time	time	NOUN
ajeer-5797	16	3	-	-	PUNCT
ajeer-5797	16	4	varying	vary	VERB
ajeer-5797	16	5	impact	impact	NOUN
ajeer-5797	16	6	of	of	ADP
ajeer-5797	16	7	us	us	PROPN
ajeer-5797	16	8	monetary	monetary	ADJ
ajeer-5797	16	9	policy	policy	NOUN
ajeer-5797	16	10	spillovers	spillover	NOUN
ajeer-5797	16	11	on	on	ADP
ajeer-5797	16	12	small	small	ADJ
ajeer-5797	16	13	open	open	ADJ
ajeer-5797	16	14	economies	economy	NOUN
ajeer-5797	16	15	:	:	PUNCT
ajeer-5797	16	16	evidence	evidence	NOUN
ajeer-5797	16	17	from	from	ADP
ajeer-5797	16	18	indonesia	indonesia	PROPN
ajeer-5797	16	19	.	.	PUNCT
ajeer-5797	17	1	asian	asian	PROPN
ajeer-5797	17	2	journal	journal	PROPN
ajeer-5797	17	3	of	of	ADP
ajeer-5797	17	4	economics	economic	NOUN
ajeer-5797	17	5	and	and	CCONJ
ajeer-5797	17	6	empirical	empirical	ADJ
ajeer-5797	17	7	research	research	NOUN
ajeer-5797	17	8	,	,	PUNCT
ajeer-5797	17	9	11(1	11(1	NUM
ajeer-5797	17	10	)	)	PUNCT
ajeer-5797	17	11	,	,	PUNCT
ajeer-5797	17	12	30–43	30–43	NUM
ajeer-5797	17	13	.	.	PUNCT
ajeer-5797	17	14	10.20448	10.20448	NUM
ajeer-5797	17	15	/	/	SYM
ajeer-5797	17	16	ajeer.v11i1.5797	ajeer.v11i1.5797	PROPN
ajeer-5797	17	17	history	history	NOUN
ajeer-5797	17	18	:	:	PUNCT
ajeer-5797	17	19	received	receive	VERB
ajeer-5797	17	20	:	:	PUNCT
ajeer-5797	17	21	1	1	NUM
ajeer-5797	17	22	april	april	PROPN
ajeer-5797	17	23	2024	2024	NUM
ajeer-5797	17	24	revised	revise	VERB
ajeer-5797	17	25	:	:	PUNCT
ajeer-5797	17	26	6	6	NUM
ajeer-5797	17	27	may	may	PROPN
ajeer-5797	17	28	2024	2024	NUM
ajeer-5797	17	29	accepted	accept	VERB
ajeer-5797	17	30	:	:	PUNCT
ajeer-5797	17	31	24	24	NUM
ajeer-5797	17	32	may	may	PROPN
ajeer-5797	17	33	2024	2024	NUM
ajeer-5797	17	34	published	publish	VERB
ajeer-5797	17	35	:	:	PUNCT
ajeer-5797	17	36	10	10	NUM
ajeer-5797	17	37	july	july	PROPN
ajeer-5797	17	38	2024	2024	NUM
ajeer-5797	17	39	licensed	license	VERB
ajeer-5797	17	40	:	:	PUNCT
ajeer-5797	17	41	this	this	DET
ajeer-5797	17	42	work	work	NOUN
ajeer-5797	17	43	is	be	AUX
ajeer-5797	17	44	licensed	license	VERB
ajeer-5797	17	45	under	under	ADP
ajeer-5797	17	46	a	a	DET
ajeer-5797	17	47	creative	creative	ADJ
ajeer-5797	17	48	commons	common	NOUN
ajeer-5797	17	49	attribution	attribution	NOUN
ajeer-5797	17	50	4.0	4.0	NUM
ajeer-5797	17	51	license	license	NOUN
ajeer-5797	17	52	publisher	publisher	NOUN
ajeer-5797	17	53	:	:	PUNCT
ajeer-5797	17	54	asian	asian	ADJ
ajeer-5797	17	55	online	online	PROPN
ajeer-5797	17	56	journal	journal	PROPN
ajeer-5797	17	57	publishing	publishing	PROPN
ajeer-5797	17	58	group	group	PROPN
ajeer-5797	17	59	funding	funding	NOUN
ajeer-5797	17	60	:	:	PUNCT
ajeer-5797	17	61	this	this	DET
ajeer-5797	17	62	study	study	NOUN
ajeer-5797	17	63	received	receive	VERB
ajeer-5797	17	64	no	no	DET
ajeer-5797	17	65	specific	specific	ADJ
ajeer-5797	17	66	financial	financial	ADJ
ajeer-5797	17	67	support	support	NOUN
ajeer-5797	17	68	.	.	PUNCT
ajeer-5797	18	1	institutional	institutional	ADJ
ajeer-5797	18	2	review	review	PROPN
ajeer-5797	18	3	board	board	NOUN
ajeer-5797	18	4	statement	statement	NOUN
ajeer-5797	18	5	:	:	PUNCT
ajeer-5797	18	6	not	not	PART
ajeer-5797	18	7	applicable	applicable	ADJ
ajeer-5797	18	8	.	.	PUNCT
ajeer-5797	19	1	transparency	transparency	NOUN
ajeer-5797	19	2	:	:	PUNCT
ajeer-5797	19	3	the	the	DET
ajeer-5797	19	4	authors	author	NOUN
ajeer-5797	19	5	confirm	confirm	VERB
ajeer-5797	19	6	that	that	SCONJ
ajeer-5797	19	7	the	the	DET
ajeer-5797	19	8	manuscript	manuscript	NOUN
ajeer-5797	19	9	is	be	AUX
ajeer-5797	19	10	an	an	DET
ajeer-5797	19	11	honest	honest	ADJ
ajeer-5797	19	12	,	,	PUNCT
ajeer-5797	19	13	accurate	accurate	ADJ
ajeer-5797	19	14	,	,	PUNCT
ajeer-5797	19	15	and	and	CCONJ
ajeer-5797	19	16	transparent	transparent	ADJ
ajeer-5797	19	17	account	account	NOUN
ajeer-5797	19	18	of	of	ADP
ajeer-5797	19	19	the	the	DET
ajeer-5797	19	20	study	study	NOUN
ajeer-5797	19	21	;	;	PUNCT
ajeer-5797	19	22	that	that	SCONJ
ajeer-5797	19	23	no	no	DET
ajeer-5797	19	24	vital	vital	ADJ
ajeer-5797	19	25	features	feature	NOUN
ajeer-5797	19	26	of	of	ADP
ajeer-5797	19	27	the	the	DET
ajeer-5797	19	28	study	study	NOUN
ajeer-5797	19	29	have	have	AUX
ajeer-5797	19	30	been	be	AUX
ajeer-5797	19	31	omitted	omit	VERB
ajeer-5797	19	32	;	;	PUNCT
ajeer-5797	19	33	and	and	CCONJ
ajeer-5797	19	34	that	that	SCONJ
ajeer-5797	19	35	any	any	DET
ajeer-5797	19	36	discrepancies	discrepancy	NOUN
ajeer-5797	19	37	from	from	ADP
ajeer-5797	19	38	the	the	DET
ajeer-5797	19	39	study	study	NOUN
ajeer-5797	19	40	as	as	SCONJ
ajeer-5797	19	41	planned	plan	VERB
ajeer-5797	19	42	have	have	AUX
ajeer-5797	19	43	been	be	AUX
ajeer-5797	19	44	explained	explain	VERB
ajeer-5797	19	45	.	.	PUNCT
ajeer-5797	20	1	this	this	DET
ajeer-5797	20	2	study	study	NOUN
ajeer-5797	20	3	followed	follow	VERB
ajeer-5797	20	4	all	all	DET
ajeer-5797	20	5	ethical	ethical	ADJ
ajeer-5797	20	6	practices	practice	NOUN
ajeer-5797	20	7	during	during	ADP
ajeer-5797	20	8	writing	writing	NOUN
ajeer-5797	20	9	.	.	PUNCT
ajeer-5797	21	1	data	datum	NOUN
ajeer-5797	21	2	availability	availability	NOUN
ajeer-5797	21	3	statement	statement	NOUN
ajeer-5797	21	4	:	:	PUNCT
ajeer-5797	21	5	the	the	DET
ajeer-5797	21	6	corresponding	corresponding	ADJ
ajeer-5797	21	7	author	author	NOUN
ajeer-5797	21	8	may	may	AUX
ajeer-5797	21	9	provide	provide	VERB
ajeer-5797	21	10	study	study	NOUN
ajeer-5797	21	11	data	datum	NOUN
ajeer-5797	21	12	upon	upon	SCONJ
ajeer-5797	21	13	reasonable	reasonable	ADJ
ajeer-5797	21	14	request	request	NOUN
ajeer-5797	21	15	.	.	PUNCT
ajeer-5797	22	1	competing	compete	VERB
ajeer-5797	22	2	interests	interest	NOUN
ajeer-5797	22	3	:	:	PUNCT
ajeer-5797	22	4	the	the	DET
ajeer-5797	22	5	authors	author	NOUN
ajeer-5797	22	6	declare	declare	VERB
ajeer-5797	22	7	that	that	SCONJ
ajeer-5797	22	8	they	they	PRON
ajeer-5797	22	9	have	have	VERB
ajeer-5797	22	10	no	no	DET
ajeer-5797	22	11	competing	compete	VERB
ajeer-5797	22	12	interests	interest	NOUN
ajeer-5797	22	13	.	.	PUNCT
ajeer-5797	23	1	authors	author	NOUN
ajeer-5797	23	2	’	'	PUNCT
ajeer-5797	23	3	contributions	contribution	NOUN
ajeer-5797	23	4	:	:	PUNCT
ajeer-5797	23	5	both	both	DET
ajeer-5797	23	6	authors	author	NOUN
ajeer-5797	23	7	contributed	contribute	VERB
ajeer-5797	23	8	equally	equally	ADV
ajeer-5797	23	9	to	to	ADP
ajeer-5797	23	10	the	the	DET
ajeer-5797	23	11	conception	conception	NOUN
ajeer-5797	23	12	and	and	CCONJ
ajeer-5797	23	13	design	design	NOUN
ajeer-5797	23	14	of	of	ADP
ajeer-5797	23	15	the	the	DET
ajeer-5797	23	16	study	study	NOUN
ajeer-5797	23	17	.	.	PUNCT
ajeer-5797	24	1	both	both	DET
ajeer-5797	24	2	authors	author	NOUN
ajeer-5797	24	3	have	have	AUX
ajeer-5797	24	4	read	read	VERB
ajeer-5797	24	5	and	and	CCONJ
ajeer-5797	24	6	agreed	agree	VERB
ajeer-5797	24	7	to	to	ADP
ajeer-5797	24	8	the	the	DET
ajeer-5797	24	9	published	publish	VERB
ajeer-5797	24	10	version	version	NOUN
ajeer-5797	24	11	of	of	ADP
ajeer-5797	24	12	the	the	DET
ajeer-5797	24	13	manuscript	manuscript	NOUN
ajeer-5797	24	14	.	.	PUNCT
ajeer-5797	25	1	contents	content	NOUN
ajeer-5797	25	2	1	1	NUM
ajeer-5797	25	3	.	.	PUNCT
ajeer-5797	26	1	introduction	introduction	NOUN
ajeer-5797	26	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-5797	27	1	31	31	NUM
ajeer-5797	27	2	2	2	NUM
ajeer-5797	27	3	.	.	NUM
ajeer-5797	27	4	stylized	stylize	VERB
ajeer-5797	27	5	facts	fact	NOUN
ajeer-5797	27	6	....................................................................................................................................................................................	....................................................................................................................................................................................	PUNCT
ajeer-5797	27	7	32	32	NUM
ajeer-5797	27	8	3	3	NUM
ajeer-5797	27	9	.	.	PUNCT
ajeer-5797	28	1	data	datum	NOUN
ajeer-5797	28	2	and	and	CCONJ
ajeer-5797	28	3	methodological	methodological	ADJ
ajeer-5797	28	4	framework	framework	NOUN
ajeer-5797	28	5	.........................................................................................................................................	.........................................................................................................................................	PUNCT
ajeer-5797	28	6	33	33	NUM
ajeer-5797	28	7	4	4	NUM
ajeer-5797	28	8	.	.	PUNCT
ajeer-5797	28	9	results	result	NOUN
ajeer-5797	28	10	and	and	CCONJ
ajeer-5797	28	11	discussions	discussion	NOUN
ajeer-5797	28	12	..................................................................................................................................................................	..................................................................................................................................................................	PUNCT
ajeer-5797	29	1	35	35	NUM
ajeer-5797	29	2	5	5	NUM
ajeer-5797	29	3	.	.	PUNCT
ajeer-5797	30	1	robustness	robustness	NOUN
ajeer-5797	30	2	of	of	ADP
ajeer-5797	30	3	the	the	DET
ajeer-5797	30	4	results	result	NOUN
ajeer-5797	30	5	..............................................................................................................................................................	..............................................................................................................................................................	PUNCT
ajeer-5797	31	1	41	41	NUM
ajeer-5797	31	2	6	6	NUM
ajeer-5797	31	3	.	.	PUNCT
ajeer-5797	31	4	conclusion	conclusion	NOUN
ajeer-5797	31	5	.........................................................................................................................................................................................	.........................................................................................................................................................................................	PUNCT
ajeer-5797	32	1	42	42	NUM
ajeer-5797	32	2	references	reference	NOUN
ajeer-5797	32	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	VERB
ajeer-5797	33	1	42	42	NUM
ajeer-5797	33	2	mailto:danladinsaba@gmail.com	mailto:danladinsaba@gmail.com	NOUN
ajeer-5797	33	3	mailto:aliyurafindadiz@yahoo.com	mailto:aliyurafindadiz@yahoo.com	PROPN
ajeer-5797	33	4	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
ajeer-5797	33	5	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
ajeer-5797	33	6	https://www.doi.org/10.20448/ajeer.v11i1.5797	https://www.doi.org/10.20448/ajeer.v11i1.5797	PROPN
ajeer-5797	33	7	https://orcid.org/0009-0003-5229-4514	https://orcid.org/0009-0003-5229-4514	PROPN
ajeer-5797	33	8	https://orcid.org/0000-0003-0735-2159	https://orcid.org/0000-0003-0735-2159	PROPN
ajeer-5797	33	9	asian	asian	ADJ
ajeer-5797	33	10	journal	journal	NOUN
ajeer-5797	33	11	of	of	ADP
ajeer-5797	33	12	economics	economic	NOUN
ajeer-5797	33	13	and	and	CCONJ
ajeer-5797	33	14	empirical	empirical	ADJ
ajeer-5797	33	15	research	research	NOUN
ajeer-5797	33	16	,	,	PUNCT
ajeer-5797	33	17	2024	2024	NUM
ajeer-5797	33	18	,	,	PUNCT
ajeer-5797	33	19	11(1	11(1	NUM
ajeer-5797	33	20	):	):	PUNCT
ajeer-5797	33	21	30	30	NUM
ajeer-5797	33	22	-	-	SYM
ajeer-5797	33	23	43	43	NUM
ajeer-5797	33	24	31	31	NUM
ajeer-5797	33	25	©	©	ADP
ajeer-5797	33	26	2024	2024	NUM
ajeer-5797	33	27	by	by	ADP
ajeer-5797	33	28	the	the	DET
ajeer-5797	33	29	authors	author	NOUN
ajeer-5797	33	30	;	;	PUNCT
ajeer-5797	33	31	licensee	licensee	PROPN
ajeer-5797	33	32	asian	asian	ADJ
ajeer-5797	33	33	online	online	PROPN
ajeer-5797	33	34	journal	journal	PROPN
ajeer-5797	33	35	publishing	publishing	NOUN
ajeer-5797	33	36	group	group	NOUN
ajeer-5797	33	37	contribution	contribution	NOUN
ajeer-5797	33	38	of	of	ADP
ajeer-5797	33	39	this	this	DET
ajeer-5797	33	40	paper	paper	NOUN
ajeer-5797	33	41	to	to	ADP
ajeer-5797	33	42	the	the	DET
ajeer-5797	33	43	literature	literature	NOUN
ajeer-5797	33	44	first	first	ADV
ajeer-5797	33	45	,	,	PUNCT
ajeer-5797	33	46	we	we	PRON
ajeer-5797	33	47	employ	employ	VERB
ajeer-5797	33	48	a	a	DET
ajeer-5797	33	49	consistent	consistent	ADJ
ajeer-5797	33	50	measure	measure	NOUN
ajeer-5797	33	51	of	of	ADP
ajeer-5797	33	52	us	we	PRON
ajeer-5797	33	53	monetary	monetary	ADJ
ajeer-5797	33	54	policy	policy	NOUN
ajeer-5797	33	55	to	to	PART
ajeer-5797	33	56	estimate	estimate	VERB
ajeer-5797	33	57	dynamic	dynamic	ADJ
ajeer-5797	33	58	effects	effect	NOUN
ajeer-5797	33	59	over	over	ADP
ajeer-5797	33	60	time	time	NOUN
ajeer-5797	33	61	.	.	PUNCT
ajeer-5797	34	1	secondly	secondly	ADV
ajeer-5797	34	2	,	,	PUNCT
ajeer-5797	34	3	we	we	PRON
ajeer-5797	34	4	differentiate	differentiate	VERB
ajeer-5797	34	5	between	between	ADP
ajeer-5797	34	6	easing	ease	VERB
ajeer-5797	34	7	and	and	CCONJ
ajeer-5797	34	8	tightening	tighten	VERB
ajeer-5797	34	9	cycles	cycle	NOUN
ajeer-5797	34	10	,	,	PUNCT
ajeer-5797	34	11	as	as	ADV
ajeer-5797	34	12	well	well	ADV
ajeer-5797	34	13	as	as	ADP
ajeer-5797	34	14	conventional	conventional	ADJ
ajeer-5797	34	15	and	and	CCONJ
ajeer-5797	34	16	unconventional	unconventional	ADJ
ajeer-5797	34	17	policy	policy	NOUN
ajeer-5797	34	18	eras	era	NOUN
ajeer-5797	34	19	.	.	PUNCT
ajeer-5797	35	1	lastly	lastly	ADV
ajeer-5797	35	2	,	,	PUNCT
ajeer-5797	35	3	we	we	PRON
ajeer-5797	35	4	incorporate	incorporate	VERB
ajeer-5797	35	5	time	time	NOUN
ajeer-5797	35	6	-	-	PUNCT
ajeer-5797	35	7	varying	vary	VERB
ajeer-5797	35	8	parameters	parameter	NOUN
ajeer-5797	35	9	to	to	PART
ajeer-5797	35	10	study	study	VERB
ajeer-5797	35	11	the	the	DET
ajeer-5797	35	12	complex	complex	ADJ
ajeer-5797	35	13	dynamics	dynamic	NOUN
ajeer-5797	35	14	of	of	ADP
ajeer-5797	35	15	us	us	PROPN
ajeer-5797	35	16	monetary	monetary	ADJ
ajeer-5797	35	17	policy	policy	NOUN
ajeer-5797	35	18	spillovers	spillover	NOUN
ajeer-5797	35	19	on	on	ADP
ajeer-5797	35	20	the	the	DET
ajeer-5797	35	21	indonesian	indonesian	ADJ
ajeer-5797	35	22	economy	economy	NOUN
ajeer-5797	35	23	.	.	PUNCT
ajeer-5797	36	1	1	1	X
ajeer-5797	36	2	.	.	X
ajeer-5797	36	3	introduction	introduction	NOUN
ajeer-5797	36	4	economic	economic	ADJ
ajeer-5797	36	5	theory	theory	NOUN
ajeer-5797	36	6	widely	widely	ADV
ajeer-5797	36	7	accepts	accept	VERB
ajeer-5797	36	8	the	the	DET
ajeer-5797	36	9	use	use	NOUN
ajeer-5797	36	10	of	of	ADP
ajeer-5797	36	11	monetary	monetary	ADJ
ajeer-5797	36	12	policy	policy	NOUN
ajeer-5797	36	13	to	to	PART
ajeer-5797	36	14	influence	influence	VERB
ajeer-5797	36	15	domestic	domestic	ADJ
ajeer-5797	36	16	output	output	NOUN
ajeer-5797	36	17	and	and	CCONJ
ajeer-5797	36	18	prices	price	NOUN
ajeer-5797	36	19	in	in	ADP
ajeer-5797	36	20	the	the	DET
ajeer-5797	36	21	short	short	ADJ
ajeer-5797	36	22	run	run	NOUN
ajeer-5797	36	23	,	,	PUNCT
ajeer-5797	36	24	and	and	CCONJ
ajeer-5797	36	25	empirical	empirical	ADJ
ajeer-5797	36	26	monetary	monetary	ADJ
ajeer-5797	36	27	and	and	CCONJ
ajeer-5797	36	28	macroeconomic	macroeconomic	ADJ
ajeer-5797	36	29	literature	literature	NOUN
ajeer-5797	36	30	well	well	ADV
ajeer-5797	36	31	documents	document	VERB
ajeer-5797	36	32	its	its	PRON
ajeer-5797	36	33	effectiveness	effectiveness	NOUN
ajeer-5797	36	34	.	.	PUNCT
ajeer-5797	37	1	however	however	ADV
ajeer-5797	37	2	,	,	PUNCT
ajeer-5797	37	3	these	these	DET
ajeer-5797	37	4	dynamics	dynamic	NOUN
ajeer-5797	37	5	have	have	AUX
ajeer-5797	37	6	been	be	AUX
ajeer-5797	37	7	put	put	VERB
ajeer-5797	37	8	into	into	ADP
ajeer-5797	37	9	question	question	NOUN
ajeer-5797	37	10	following	follow	VERB
ajeer-5797	37	11	the	the	DET
ajeer-5797	37	12	global	global	ADJ
ajeer-5797	37	13	financial	financial	ADJ
ajeer-5797	37	14	crises	crisis	NOUN
ajeer-5797	37	15	(	(	PUNCT
ajeer-5797	37	16	gfcs	gfc	VERB
ajeer-5797	37	17	)	)	PUNCT
ajeer-5797	37	18	in	in	ADP
ajeer-5797	37	19	2008	2008	NUM
ajeer-5797	37	20	and	and	CCONJ
ajeer-5797	37	21	the	the	DET
ajeer-5797	37	22	implementation	implementation	NOUN
ajeer-5797	37	23	of	of	ADP
ajeer-5797	37	24	unconventional	unconventional	ADJ
ajeer-5797	37	25	monetary	monetary	ADJ
ajeer-5797	37	26	policy	policy	NOUN
ajeer-5797	37	27	(	(	PUNCT
ajeer-5797	37	28	ump	ump	NOUN
ajeer-5797	37	29	)	)	PUNCT
ajeer-5797	37	30	in	in	ADP
ajeer-5797	37	31	the	the	DET
ajeer-5797	37	32	us	us	PROPN
ajeer-5797	37	33	and	and	CCONJ
ajeer-5797	37	34	other	other	ADJ
ajeer-5797	37	35	advanced	advanced	ADJ
ajeer-5797	37	36	economies	economy	NOUN
ajeer-5797	37	37	(	(	PUNCT
ajeer-5797	37	38	aes	aes	NOUN
ajeer-5797	37	39	)	)	PUNCT
ajeer-5797	37	40	in	in	ADP
ajeer-5797	37	41	the	the	DET
ajeer-5797	37	42	wake	wake	NOUN
ajeer-5797	37	43	of	of	ADP
ajeer-5797	37	44	the	the	DET
ajeer-5797	37	45	crisis	crisis	NOUN
ajeer-5797	37	46	.	.	PUNCT
ajeer-5797	38	1	the	the	DET
ajeer-5797	38	2	spillover	spillover	NOUN
ajeer-5797	38	3	from	from	ADP
ajeer-5797	38	4	ump	ump	NOUN
ajeer-5797	38	5	,	,	PUNCT
ajeer-5797	38	6	such	such	ADJ
ajeer-5797	38	7	as	as	ADP
ajeer-5797	38	8	quantitative	quantitative	ADJ
ajeer-5797	38	9	easing	ease	VERB
ajeer-5797	38	10	(	(	PUNCT
ajeer-5797	38	11	qe	qe	PROPN
ajeer-5797	38	12	)	)	PUNCT
ajeer-5797	38	13	and	and	CCONJ
ajeer-5797	38	14	forward	forward	ADV
ajeer-5797	38	15	guidance	guidance	NOUN
ajeer-5797	38	16	,	,	PUNCT
ajeer-5797	38	17	has	have	AUX
ajeer-5797	38	18	increased	increase	VERB
ajeer-5797	38	19	the	the	DET
ajeer-5797	38	20	complexity	complexity	NOUN
ajeer-5797	38	21	of	of	ADP
ajeer-5797	38	22	the	the	DET
ajeer-5797	38	23	conduct	conduct	NOUN
ajeer-5797	38	24	of	of	ADP
ajeer-5797	38	25	monetary	monetary	ADJ
ajeer-5797	38	26	policy	policy	NOUN
ajeer-5797	38	27	across	across	ADP
ajeer-5797	38	28	the	the	DET
ajeer-5797	38	29	globe	globe	NOUN
ajeer-5797	38	30	.	.	PUNCT
ajeer-5797	39	1	this	this	PRON
ajeer-5797	39	2	is	be	AUX
ajeer-5797	39	3	especially	especially	ADV
ajeer-5797	39	4	motivated	motivated	ADJ
ajeer-5797	39	5	for	for	ADP
ajeer-5797	39	6	small	small	ADJ
ajeer-5797	39	7	open	open	ADJ
ajeer-5797	39	8	economies	economy	NOUN
ajeer-5797	39	9	(	(	PUNCT
ajeer-5797	39	10	soes	soe	NOUN
ajeer-5797	39	11	)	)	PUNCT
ajeer-5797	39	12	with	with	ADP
ajeer-5797	39	13	strong	strong	ADJ
ajeer-5797	39	14	trade	trade	NOUN
ajeer-5797	39	15	and	and	CCONJ
ajeer-5797	39	16	financial	financial	ADJ
ajeer-5797	39	17	ties	tie	NOUN
ajeer-5797	39	18	with	with	ADP
ajeer-5797	39	19	aes	aes	PROPN
ajeer-5797	39	20	.	.	PROPN
ajeer-5797	40	1	while	while	SCONJ
ajeer-5797	40	2	monetary	monetary	ADJ
ajeer-5797	40	3	policy	policy	NOUN
ajeer-5797	40	4	has	have	AUX
ajeer-5797	40	5	always	always	ADV
ajeer-5797	40	6	had	have	VERB
ajeer-5797	40	7	spillover	spillover	VERB
ajeer-5797	40	8	effects	effect	NOUN
ajeer-5797	40	9	,	,	PUNCT
ajeer-5797	40	10	recent	recent	ADJ
ajeer-5797	40	11	decades	decade	NOUN
ajeer-5797	40	12	have	have	AUX
ajeer-5797	40	13	amplified	amplify	VERB
ajeer-5797	40	14	the	the	DET
ajeer-5797	40	15	uncertainties	uncertainty	NOUN
ajeer-5797	40	16	and	and	CCONJ
ajeer-5797	40	17	risks	risk	NOUN
ajeer-5797	40	18	surrounding	surround	VERB
ajeer-5797	40	19	these	these	DET
ajeer-5797	40	20	effects	effect	NOUN
ajeer-5797	40	21	(	(	PUNCT
ajeer-5797	40	22	danladi	danladi	NOUN
ajeer-5797	40	23	,	,	PUNCT
ajeer-5797	40	24	2022	2022	NUM
ajeer-5797	40	25	)	)	PUNCT
ajeer-5797	40	26	.	.	PUNCT
ajeer-5797	41	1	a	a	DET
ajeer-5797	41	2	better	well	ADJ
ajeer-5797	41	3	understanding	understanding	NOUN
ajeer-5797	41	4	of	of	ADP
ajeer-5797	41	5	these	these	DET
ajeer-5797	41	6	dynamics	dynamic	NOUN
ajeer-5797	41	7	is	be	AUX
ajeer-5797	41	8	crucial	crucial	ADJ
ajeer-5797	41	9	for	for	ADP
ajeer-5797	41	10	understanding	understand	VERB
ajeer-5797	41	11	how	how	SCONJ
ajeer-5797	41	12	monetary	monetary	ADJ
ajeer-5797	41	13	policy	policy	NOUN
ajeer-5797	41	14	works	work	VERB
ajeer-5797	41	15	and	and	CCONJ
ajeer-5797	41	16	for	for	ADP
ajeer-5797	41	17	the	the	DET
ajeer-5797	41	18	efficient	efficient	ADJ
ajeer-5797	41	19	conduct	conduct	NOUN
ajeer-5797	41	20	of	of	ADP
ajeer-5797	41	21	monetary	monetary	ADJ
ajeer-5797	41	22	policy	policy	NOUN
ajeer-5797	41	23	.	.	PUNCT
ajeer-5797	42	1	while	while	SCONJ
ajeer-5797	42	2	there	there	PRON
ajeer-5797	42	3	has	have	AUX
ajeer-5797	42	4	been	be	AUX
ajeer-5797	42	5	a	a	DET
ajeer-5797	42	6	renewed	renew	VERB
ajeer-5797	42	7	interest	interest	NOUN
ajeer-5797	42	8	in	in	ADP
ajeer-5797	42	9	studying	study	VERB
ajeer-5797	42	10	the	the	DET
ajeer-5797	42	11	transmission	transmission	NOUN
ajeer-5797	42	12	of	of	ADP
ajeer-5797	42	13	foreign	foreign	ADJ
ajeer-5797	42	14	shocks	shock	NOUN
ajeer-5797	42	15	to	to	ADP
ajeer-5797	42	16	emerging	emerge	VERB
ajeer-5797	42	17	market	market	NOUN
ajeer-5797	42	18	economies	economy	NOUN
ajeer-5797	42	19	in	in	ADP
ajeer-5797	42	20	recent	recent	ADJ
ajeer-5797	42	21	decades	decade	NOUN
ajeer-5797	42	22	,	,	PUNCT
ajeer-5797	42	23	surprisingly	surprisingly	ADV
ajeer-5797	42	24	,	,	PUNCT
ajeer-5797	42	25	fewer	few	ADJ
ajeer-5797	42	26	research	research	NOUN
ajeer-5797	42	27	efforts	effort	NOUN
ajeer-5797	42	28	that	that	PRON
ajeer-5797	42	29	specifically	specifically	ADV
ajeer-5797	42	30	answer	answer	VERB
ajeer-5797	42	31	these	these	DET
ajeer-5797	42	32	questions	question	NOUN
ajeer-5797	42	33	for	for	ADP
ajeer-5797	42	34	the	the	DET
ajeer-5797	42	35	indonesian	indonesian	PROPN
ajeer-5797	42	36	macro	macro	NOUN
ajeer-5797	42	37	-	-	NOUN
ajeer-5797	42	38	economy	economy	NOUN
ajeer-5797	42	39	have	have	AUX
ajeer-5797	42	40	been	be	AUX
ajeer-5797	42	41	made	make	VERB
ajeer-5797	42	42	.	.	PUNCT
ajeer-5797	43	1	to	to	PART
ajeer-5797	43	2	provide	provide	VERB
ajeer-5797	43	3	additional	additional	ADJ
ajeer-5797	43	4	insight	insight	NOUN
ajeer-5797	43	5	,	,	PUNCT
ajeer-5797	43	6	this	this	DET
ajeer-5797	43	7	study	study	NOUN
ajeer-5797	43	8	examines	examine	VERB
ajeer-5797	43	9	the	the	DET
ajeer-5797	43	10	propagation	propagation	NOUN
ajeer-5797	43	11	of	of	ADP
ajeer-5797	43	12	us	we	PRON
ajeer-5797	43	13	monetary	monetary	ADJ
ajeer-5797	43	14	policy	policy	NOUN
ajeer-5797	43	15	shocks	shock	NOUN
ajeer-5797	43	16	to	to	ADP
ajeer-5797	43	17	indonesia	indonesia	PROPN
ajeer-5797	43	18	's	's	PART
ajeer-5797	43	19	economy	economy	NOUN
ajeer-5797	43	20	.	.	PUNCT
ajeer-5797	44	1	our	our	PRON
ajeer-5797	44	2	choice	choice	NOUN
ajeer-5797	44	3	of	of	ADP
ajeer-5797	44	4	the	the	DET
ajeer-5797	44	5	us	us	PROPN
ajeer-5797	44	6	and	and	CCONJ
ajeer-5797	44	7	indonesia	indonesia	PROPN
ajeer-5797	44	8	is	be	AUX
ajeer-5797	44	9	largely	largely	ADV
ajeer-5797	44	10	motivated	motivate	VERB
ajeer-5797	44	11	by	by	ADP
ajeer-5797	44	12	the	the	DET
ajeer-5797	44	13	rising	rise	VERB
ajeer-5797	44	14	trade	trade	NOUN
ajeer-5797	44	15	and	and	CCONJ
ajeer-5797	44	16	financial	financial	ADJ
ajeer-5797	44	17	ties	tie	NOUN
ajeer-5797	44	18	between	between	ADP
ajeer-5797	44	19	indonesia	indonesia	PROPN
ajeer-5797	44	20	and	and	CCONJ
ajeer-5797	44	21	aes	aes	PROPN
ajeer-5797	44	22	,	,	PUNCT
ajeer-5797	44	23	including	include	VERB
ajeer-5797	44	24	the	the	DET
ajeer-5797	44	25	us	us	PROPN
ajeer-5797	44	26	(	(	PUNCT
ajeer-5797	44	27	see	see	VERB
ajeer-5797	44	28	figure	figure	NOUN
ajeer-5797	44	29	1	1	NUM
ajeer-5797	44	30	and	and	CCONJ
ajeer-5797	44	31	2	2	NUM
ajeer-5797	44	32	in	in	ADP
ajeer-5797	44	33	section	section	NOUN
ajeer-5797	44	34	2	2	NUM
ajeer-5797	44	35	below	below	ADV
ajeer-5797	44	36	)	)	PUNCT
ajeer-5797	44	37	.	.	PUNCT
ajeer-5797	45	1	over	over	ADP
ajeer-5797	45	2	the	the	DET
ajeer-5797	45	3	years	year	NOUN
ajeer-5797	45	4	,	,	PUNCT
ajeer-5797	45	5	indonesia	indonesia	PROPN
ajeer-5797	45	6	's	's	PART
ajeer-5797	45	7	financial	financial	ADJ
ajeer-5797	45	8	markets	market	NOUN
ajeer-5797	45	9	have	have	AUX
ajeer-5797	45	10	been	be	AUX
ajeer-5797	45	11	exposed	expose	VERB
ajeer-5797	45	12	to	to	ADP
ajeer-5797	45	13	capital	capital	NOUN
ajeer-5797	45	14	flows	flow	NOUN
ajeer-5797	45	15	driven	drive	VERB
ajeer-5797	45	16	by	by	ADP
ajeer-5797	45	17	the	the	DET
ajeer-5797	45	18	global	global	ADJ
ajeer-5797	45	19	financial	financial	ADJ
ajeer-5797	45	20	cycle	cycle	NOUN
ajeer-5797	45	21	and	and	CCONJ
ajeer-5797	45	22	fluctuations	fluctuation	NOUN
ajeer-5797	45	23	in	in	ADP
ajeer-5797	45	24	exchange	exchange	NOUN
ajeer-5797	45	25	rates	rate	NOUN
ajeer-5797	45	26	.	.	PUNCT
ajeer-5797	46	1	these	these	DET
ajeer-5797	46	2	and	and	CCONJ
ajeer-5797	46	3	other	other	ADJ
ajeer-5797	46	4	factors	factor	NOUN
ajeer-5797	46	5	have	have	AUX
ajeer-5797	46	6	contributed	contribute	VERB
ajeer-5797	46	7	to	to	ADP
ajeer-5797	46	8	the	the	DET
ajeer-5797	46	9	inclusion	inclusion	NOUN
ajeer-5797	46	10	of	of	ADP
ajeer-5797	46	11	indonesia	indonesia	PROPN
ajeer-5797	46	12	in	in	ADP
ajeer-5797	46	13	the	the	DET
ajeer-5797	46	14	"	"	PUNCT
ajeer-5797	46	15	fragile	fragile	ADJ
ajeer-5797	46	16	five	five	NUM
ajeer-5797	46	17	”	"	PUNCT
ajeer-5797	46	18	in	in	ADP
ajeer-5797	46	19	recent	recent	ADJ
ajeer-5797	46	20	times	time	NOUN
ajeer-5797	46	21	(	(	PUNCT
ajeer-5797	46	22	see	see	VERB
ajeer-5797	46	23	shin	shin	NOUN
ajeer-5797	46	24	(	(	PUNCT
ajeer-5797	46	25	2014	2014	NUM
ajeer-5797	46	26	)	)	PUNCT
ajeer-5797	46	27	)	)	PUNCT
ajeer-5797	46	28	.	.	PUNCT
ajeer-5797	47	1	several	several	ADJ
ajeer-5797	47	2	investment	investment	NOUN
ajeer-5797	47	3	and	and	CCONJ
ajeer-5797	47	4	policy	policy	NOUN
ajeer-5797	47	5	concerns	concern	NOUN
ajeer-5797	47	6	can	can	AUX
ajeer-5797	47	7	also	also	ADV
ajeer-5797	47	8	be	be	AUX
ajeer-5797	47	9	highlighted	highlight	VERB
ajeer-5797	47	10	for	for	ADP
ajeer-5797	47	11	our	our	PRON
ajeer-5797	47	12	choice	choice	NOUN
ajeer-5797	47	13	of	of	ADP
ajeer-5797	47	14	the	the	DET
ajeer-5797	47	15	indonesian	indonesian	ADJ
ajeer-5797	47	16	economy	economy	NOUN
ajeer-5797	47	17	.	.	PUNCT
ajeer-5797	48	1	from	from	ADP
ajeer-5797	48	2	a	a	DET
ajeer-5797	48	3	policy	policy	NOUN
ajeer-5797	48	4	point	point	NOUN
ajeer-5797	48	5	of	of	ADP
ajeer-5797	48	6	view	view	NOUN
ajeer-5797	48	7	,	,	PUNCT
ajeer-5797	48	8	since	since	SCONJ
ajeer-5797	48	9	monetary	monetary	ADJ
ajeer-5797	48	10	policy	policy	NOUN
ajeer-5797	48	11	spillovers	spillover	NOUN
ajeer-5797	48	12	from	from	ADP
ajeer-5797	48	13	the	the	DET
ajeer-5797	48	14	core	core	NOUN
ajeer-5797	48	15	economies	economy	NOUN
ajeer-5797	48	16	can	can	AUX
ajeer-5797	48	17	substantially	substantially	ADV
ajeer-5797	48	18	limit	limit	VERB
ajeer-5797	48	19	the	the	DET
ajeer-5797	48	20	effectiveness	effectiveness	NOUN
ajeer-5797	48	21	of	of	ADP
ajeer-5797	48	22	domestic	domestic	ADJ
ajeer-5797	48	23	monetary	monetary	ADJ
ajeer-5797	48	24	policy	policy	NOUN
ajeer-5797	48	25	in	in	ADP
ajeer-5797	48	26	soes	soe	NOUN
ajeer-5797	48	27	(	(	PUNCT
ajeer-5797	48	28	cao	cao	PROPN
ajeer-5797	48	29	&	&	CCONJ
ajeer-5797	48	30	dinger	dinger	PROPN
ajeer-5797	48	31	,	,	PUNCT
ajeer-5797	48	32	2022	2022	NUM
ajeer-5797	48	33	)	)	PUNCT
ajeer-5797	48	34	,	,	PUNCT
ajeer-5797	48	35	the	the	DET
ajeer-5797	48	36	effect	effect	NOUN
ajeer-5797	48	37	of	of	ADP
ajeer-5797	48	38	monetary	monetary	ADJ
ajeer-5797	48	39	policy	policy	NOUN
ajeer-5797	48	40	spillovers	spillover	NOUN
ajeer-5797	48	41	from	from	ADP
ajeer-5797	48	42	the	the	DET
ajeer-5797	48	43	us	us	PROPN
ajeer-5797	48	44	,	,	PUNCT
ajeer-5797	48	45	if	if	SCONJ
ajeer-5797	48	46	not	not	PART
ajeer-5797	48	47	well	well	ADV
ajeer-5797	48	48	understood	understand	VERB
ajeer-5797	48	49	and	and	CCONJ
ajeer-5797	48	50	managed	manage	VERB
ajeer-5797	48	51	,	,	PUNCT
ajeer-5797	48	52	could	could	AUX
ajeer-5797	48	53	complicate	complicate	VERB
ajeer-5797	48	54	domestic	domestic	ADJ
ajeer-5797	48	55	monetary	monetary	ADJ
ajeer-5797	48	56	policy	policy	NOUN
ajeer-5797	48	57	challenges	challenge	NOUN
ajeer-5797	48	58	for	for	ADP
ajeer-5797	48	59	indonesia	indonesia	PROPN
ajeer-5797	48	60	.	.	PUNCT
ajeer-5797	49	1	this	this	PRON
ajeer-5797	49	2	can	can	AUX
ajeer-5797	49	3	endanger	endanger	VERB
ajeer-5797	49	4	capital	capital	NOUN
ajeer-5797	49	5	flows	flow	NOUN
ajeer-5797	49	6	in	in	ADP
ajeer-5797	49	7	the	the	DET
ajeer-5797	49	8	form	form	NOUN
ajeer-5797	49	9	of	of	ADP
ajeer-5797	49	10	capital	capital	NOUN
ajeer-5797	49	11	reversal	reversal	NOUN
ajeer-5797	49	12	or	or	CCONJ
ajeer-5797	49	13	at	at	ADP
ajeer-5797	49	14	least	least	ADJ
ajeer-5797	49	15	a	a	DET
ajeer-5797	49	16	sudden	sudden	ADJ
ajeer-5797	49	17	stop	stop	NOUN
ajeer-5797	49	18	in	in	ADP
ajeer-5797	49	19	capital	capital	NOUN
ajeer-5797	49	20	inflows	inflow	NOUN
ajeer-5797	49	21	(	(	PUNCT
ajeer-5797	49	22	see	see	VERB
ajeer-5797	49	23	(	(	PUNCT
ajeer-5797	49	24	bundesbank	bundesbank	NOUN
ajeer-5797	49	25	,	,	PUNCT
ajeer-5797	49	26	2020	2020	NUM
ajeer-5797	49	27	;	;	PUNCT
ajeer-5797	49	28	gajewski	gajewski	VERB
ajeer-5797	49	29	et	et	PROPN
ajeer-5797	49	30	al	al	PROPN
ajeer-5797	49	31	.	.	PROPN
ajeer-5797	49	32	,	,	PUNCT
ajeer-5797	49	33	2019	2019	NUM
ajeer-5797	49	34	)	)	PUNCT
ajeer-5797	49	35	)	)	PUNCT
ajeer-5797	49	36	.	.	PUNCT
ajeer-5797	50	1	the	the	DET
ajeer-5797	50	2	risk	risk	NOUN
ajeer-5797	50	3	of	of	ADP
ajeer-5797	50	4	losing	lose	VERB
ajeer-5797	50	5	monetary	monetary	ADJ
ajeer-5797	50	6	policy	policy	NOUN
ajeer-5797	50	7	autonomy	autonomy	NOUN
ajeer-5797	50	8	(	(	PUNCT
ajeer-5797	50	9	a	a	DET
ajeer-5797	50	10	situation	situation	NOUN
ajeer-5797	50	11	where	where	SCONJ
ajeer-5797	50	12	authorities	authority	NOUN
ajeer-5797	50	13	adjust	adjust	VERB
ajeer-5797	50	14	rates	rate	NOUN
ajeer-5797	50	15	in	in	ADP
ajeer-5797	50	16	addition	addition	NOUN
ajeer-5797	50	17	to	to	ADP
ajeer-5797	50	18	the	the	DET
ajeer-5797	50	19	desire	desire	NOUN
ajeer-5797	50	20	to	to	PART
ajeer-5797	50	21	keep	keep	VERB
ajeer-5797	50	22	domestic	domestic	ADJ
ajeer-5797	50	23	inflation	inflation	NOUN
ajeer-5797	50	24	or	or	CCONJ
ajeer-5797	50	25	output	output	NOUN
ajeer-5797	50	26	under	under	ADP
ajeer-5797	50	27	control	control	NOUN
ajeer-5797	50	28	)	)	PUNCT
ajeer-5797	50	29	can	can	AUX
ajeer-5797	50	30	be	be	AUX
ajeer-5797	50	31	costly	costly	ADJ
ajeer-5797	50	32	.	.	PUNCT
ajeer-5797	51	1	portfolio	portfolio	NOUN
ajeer-5797	51	2	investors	investor	NOUN
ajeer-5797	51	3	,	,	PUNCT
ajeer-5797	51	4	who	who	PRON
ajeer-5797	51	5	are	be	AUX
ajeer-5797	51	6	mostly	mostly	ADV
ajeer-5797	51	7	risk	risk	NOUN
ajeer-5797	51	8	-	-	PUNCT
ajeer-5797	51	9	averse	averse	ADJ
ajeer-5797	51	10	agents	agent	NOUN
ajeer-5797	51	11	,	,	PUNCT
ajeer-5797	51	12	are	be	AUX
ajeer-5797	51	13	always	always	ADV
ajeer-5797	51	14	concerned	concerned	ADJ
ajeer-5797	51	15	about	about	ADP
ajeer-5797	51	16	how	how	SCONJ
ajeer-5797	51	17	much	much	ADJ
ajeer-5797	51	18	build	build	VERB
ajeer-5797	51	19	-	-	PUNCT
ajeer-5797	51	20	up	up	ADP
ajeer-5797	51	21	risk	risk	NOUN
ajeer-5797	51	22	may	may	AUX
ajeer-5797	51	23	affect	affect	VERB
ajeer-5797	51	24	their	their	PRON
ajeer-5797	51	25	investment	investment	NOUN
ajeer-5797	51	26	as	as	SCONJ
ajeer-5797	51	27	they	they	PRON
ajeer-5797	51	28	rebalance	rebalance	VERB
ajeer-5797	51	29	their	their	PRON
ajeer-5797	51	30	portfolios	portfolio	NOUN
ajeer-5797	51	31	towards	towards	ADP
ajeer-5797	51	32	the	the	DET
ajeer-5797	51	33	soes	soe	NOUN
ajeer-5797	51	34	.	.	PUNCT
ajeer-5797	52	1	studying	study	VERB
ajeer-5797	52	2	indonesia	indonesia	PROPN
ajeer-5797	52	3	's	's	PART
ajeer-5797	52	4	economy	economy	NOUN
ajeer-5797	52	5	allows	allow	VERB
ajeer-5797	52	6	us	we	PRON
ajeer-5797	52	7	to	to	PART
ajeer-5797	52	8	make	make	VERB
ajeer-5797	52	9	small	small	ADJ
ajeer-5797	52	10	open	open	ADJ
ajeer-5797	52	11	-	-	PUNCT
ajeer-5797	52	12	economy	economy	NOUN
ajeer-5797	52	13	assumptions	assumption	NOUN
ajeer-5797	52	14	and	and	CCONJ
ajeer-5797	52	15	study	study	VERB
ajeer-5797	52	16	the	the	DET
ajeer-5797	52	17	dynamics	dynamic	NOUN
ajeer-5797	52	18	of	of	ADP
ajeer-5797	52	19	such	such	ADJ
ajeer-5797	52	20	propagation	propagation	NOUN
ajeer-5797	52	21	.	.	PUNCT
ajeer-5797	53	1	this	this	DET
ajeer-5797	53	2	study	study	NOUN
ajeer-5797	53	3	makes	make	VERB
ajeer-5797	53	4	three	three	NUM
ajeer-5797	53	5	contributions	contribution	NOUN
ajeer-5797	53	6	to	to	ADP
ajeer-5797	53	7	the	the	DET
ajeer-5797	53	8	existing	exist	VERB
ajeer-5797	53	9	literature	literature	NOUN
ajeer-5797	53	10	.	.	PUNCT
ajeer-5797	54	1	first	first	ADV
ajeer-5797	54	2	,	,	PUNCT
ajeer-5797	54	3	we	we	PRON
ajeer-5797	54	4	focus	focus	VERB
ajeer-5797	54	5	on	on	ADP
ajeer-5797	54	6	estimating	estimate	VERB
ajeer-5797	54	7	the	the	DET
ajeer-5797	54	8	dynamic	dynamic	ADJ
ajeer-5797	54	9	effects	effect	NOUN
ajeer-5797	54	10	of	of	ADP
ajeer-5797	54	11	us	we	PRON
ajeer-5797	54	12	monetary	monetary	ADJ
ajeer-5797	54	13	policy	policy	NOUN
ajeer-5797	54	14	shocks	shock	NOUN
ajeer-5797	54	15	using	use	VERB
ajeer-5797	54	16	a	a	DET
ajeer-5797	54	17	consistent	consistent	ADJ
ajeer-5797	54	18	measure	measure	NOUN
ajeer-5797	54	19	of	of	ADP
ajeer-5797	54	20	us	we	PRON
ajeer-5797	54	21	monetary	monetary	ADJ
ajeer-5797	54	22	policy	policy	NOUN
ajeer-5797	54	23	over	over	ADP
ajeer-5797	54	24	time	time	NOUN
ajeer-5797	54	25	.	.	PUNCT
ajeer-5797	55	1	second	second	ADJ
ajeer-5797	55	2	,	,	PUNCT
ajeer-5797	55	3	we	we	PRON
ajeer-5797	55	4	disentangled	disentangle	VERB
ajeer-5797	55	5	the	the	DET
ajeer-5797	55	6	shock	shock	NOUN
ajeer-5797	55	7	series	series	NOUN
ajeer-5797	55	8	into	into	ADP
ajeer-5797	55	9	easing	ease	VERB
ajeer-5797	55	10	and	and	CCONJ
ajeer-5797	55	11	tightening	tighten	VERB
ajeer-5797	55	12	cycles	cycle	NOUN
ajeer-5797	55	13	,	,	PUNCT
ajeer-5797	55	14	on	on	ADP
ajeer-5797	55	15	the	the	DET
ajeer-5797	55	16	one	one	NUM
ajeer-5797	55	17	hand	hand	NOUN
ajeer-5797	55	18	,	,	PUNCT
ajeer-5797	55	19	and	and	CCONJ
ajeer-5797	55	20	partitioned	partition	VERB
ajeer-5797	55	21	the	the	DET
ajeer-5797	55	22	dataset	dataset	NOUN
ajeer-5797	55	23	into	into	ADP
ajeer-5797	55	24	conventional	conventional	ADJ
ajeer-5797	55	25	and	and	CCONJ
ajeer-5797	55	26	unconventional	unconventional	ADJ
ajeer-5797	55	27	monetary	monetary	ADJ
ajeer-5797	55	28	policy	policy	NOUN
ajeer-5797	55	29	eras	era	NOUN
ajeer-5797	55	30	,	,	PUNCT
ajeer-5797	55	31	on	on	ADP
ajeer-5797	55	32	the	the	DET
ajeer-5797	55	33	other	other	ADJ
ajeer-5797	55	34	.	.	PUNCT
ajeer-5797	56	1	these	these	PRON
ajeer-5797	56	2	allow	allow	VERB
ajeer-5797	56	3	us	we	PRON
ajeer-5797	56	4	to	to	PART
ajeer-5797	56	5	understand	understand	VERB
ajeer-5797	56	6	how	how	SCONJ
ajeer-5797	56	7	the	the	DET
ajeer-5797	56	8	indonesian	indonesian	ADJ
ajeer-5797	56	9	economy	economy	NOUN
ajeer-5797	56	10	responded	respond	VERB
ajeer-5797	56	11	to	to	ADP
ajeer-5797	56	12	us	we	PRON
ajeer-5797	56	13	monetary	monetary	ADJ
ajeer-5797	56	14	policy	policy	NOUN
ajeer-5797	56	15	easing	ease	VERB
ajeer-5797	56	16	and	and	CCONJ
ajeer-5797	56	17	tightening	tighten	VERB
ajeer-5797	56	18	cycles	cycle	NOUN
ajeer-5797	56	19	,	,	PUNCT
ajeer-5797	56	20	as	as	ADV
ajeer-5797	56	21	well	well	ADV
ajeer-5797	56	22	as	as	ADP
ajeer-5797	56	23	conventional	conventional	ADJ
ajeer-5797	56	24	and	and	CCONJ
ajeer-5797	56	25	unconventional	unconventional	ADJ
ajeer-5797	56	26	monetary	monetary	ADJ
ajeer-5797	56	27	policy	policy	NOUN
ajeer-5797	56	28	eras	era	NOUN
ajeer-5797	56	29	.	.	PUNCT
ajeer-5797	57	1	third	third	ADJ
ajeer-5797	57	2	,	,	PUNCT
ajeer-5797	57	3	we	we	PRON
ajeer-5797	57	4	consider	consider	VERB
ajeer-5797	57	5	a	a	DET
ajeer-5797	57	6	variant	variant	NOUN
ajeer-5797	57	7	of	of	ADP
ajeer-5797	57	8	the	the	DET
ajeer-5797	57	9	structural	structural	ADJ
ajeer-5797	57	10	var	var	NOUN
ajeer-5797	57	11	(	(	PUNCT
ajeer-5797	57	12	svar	svar	NOUN
ajeer-5797	57	13	)	)	PUNCT
ajeer-5797	57	14	model	model	NOUN
ajeer-5797	57	15	that	that	PRON
ajeer-5797	57	16	features	feature	VERB
ajeer-5797	57	17	time	time	NOUN
ajeer-5797	57	18	variation	variation	NOUN
ajeer-5797	57	19	in	in	ADP
ajeer-5797	57	20	the	the	DET
ajeer-5797	57	21	parameters	parameter	NOUN
ajeer-5797	57	22	to	to	PART
ajeer-5797	57	23	ascertain	ascertain	VERB
ajeer-5797	57	24	whether	whether	SCONJ
ajeer-5797	57	25	the	the	DET
ajeer-5797	57	26	transmission	transmission	NOUN
ajeer-5797	57	27	has	have	AUX
ajeer-5797	57	28	changed	change	VERB
ajeer-5797	57	29	over	over	ADP
ajeer-5797	57	30	time	time	NOUN
ajeer-5797	57	31	.	.	PUNCT
ajeer-5797	58	1	over	over	ADP
ajeer-5797	58	2	the	the	DET
ajeer-5797	58	3	years	year	NOUN
ajeer-5797	58	4	,	,	PUNCT
ajeer-5797	58	5	prominent	prominent	ADJ
ajeer-5797	58	6	issues	issue	NOUN
ajeer-5797	58	7	that	that	PRON
ajeer-5797	58	8	have	have	AUX
ajeer-5797	58	9	beset	beset	VERB
ajeer-5797	58	10	this	this	DET
ajeer-5797	58	11	area	area	NOUN
ajeer-5797	58	12	of	of	ADP
ajeer-5797	58	13	research	research	NOUN
ajeer-5797	58	14	include	include	VERB
ajeer-5797	58	15	,	,	PUNCT
ajeer-5797	58	16	among	among	ADP
ajeer-5797	58	17	others	other	NOUN
ajeer-5797	58	18	:	:	PUNCT
ajeer-5797	58	19	finding	find	VERB
ajeer-5797	58	20	an	an	DET
ajeer-5797	58	21	appropriate	appropriate	ADJ
ajeer-5797	58	22	policy	policy	NOUN
ajeer-5797	58	23	variable	variable	NOUN
ajeer-5797	58	24	to	to	PART
ajeer-5797	58	25	identify	identify	VERB
ajeer-5797	58	26	the	the	DET
ajeer-5797	58	27	monetary	monetary	ADJ
ajeer-5797	58	28	policy	policy	NOUN
ajeer-5797	58	29	that	that	PRON
ajeer-5797	58	30	correctly	correctly	ADV
ajeer-5797	58	31	accounts	account	VERB
ajeer-5797	58	32	for	for	ADP
ajeer-5797	58	33	zero	zero	NUM
ajeer-5797	58	34	lower	low	ADJ
ajeer-5797	58	35	bounds	bound	NOUN
ajeer-5797	58	36	and	and	CCONJ
ajeer-5797	58	37	widely	widely	ADV
ajeer-5797	58	38	implemented	implement	VERB
ajeer-5797	58	39	ump	ump	NOUN
ajeer-5797	58	40	;	;	PUNCT
ajeer-5797	58	41	dealing	deal	VERB
ajeer-5797	58	42	with	with	ADP
ajeer-5797	58	43	possible	possible	ADJ
ajeer-5797	58	44	structural	structural	ADJ
ajeer-5797	58	45	breaks	break	NOUN
ajeer-5797	58	46	and	and	CCONJ
ajeer-5797	58	47	nonlinearities	nonlinearitie	NOUN
ajeer-5797	58	48	occasioned	occasion	VERB
ajeer-5797	58	49	by	by	ADP
ajeer-5797	58	50	major	major	ADJ
ajeer-5797	58	51	domestic	domestic	ADJ
ajeer-5797	58	52	and	and	CCONJ
ajeer-5797	58	53	global	global	ADJ
ajeer-5797	58	54	events	event	NOUN
ajeer-5797	58	55	in	in	ADP
ajeer-5797	58	56	the	the	DET
ajeer-5797	58	57	recent	recent	ADJ
ajeer-5797	58	58	past	past	NOUN
ajeer-5797	58	59	;	;	PUNCT
ajeer-5797	58	60	and	and	CCONJ
ajeer-5797	58	61	controlling	control	VERB
ajeer-5797	58	62	for	for	ADP
ajeer-5797	58	63	the	the	DET
ajeer-5797	58	64	outside	outside	ADJ
ajeer-5797	58	65	world	world	NOUN
ajeer-5797	58	66	.	.	PUNCT
ajeer-5797	59	1	to	to	PART
ajeer-5797	59	2	solve	solve	VERB
ajeer-5797	59	3	these	these	DET
ajeer-5797	59	4	problems	problem	NOUN
ajeer-5797	59	5	,	,	PUNCT
ajeer-5797	59	6	we	we	PRON
ajeer-5797	59	7	use	use	VERB
ajeer-5797	59	8	krippner	krippner	NOUN
ajeer-5797	59	9	(	(	PUNCT
ajeer-5797	59	10	2020	2020	NUM
ajeer-5797	59	11	)	)	PUNCT
ajeer-5797	59	12	short	short	ADJ
ajeer-5797	59	13	shadow	shadow	NOUN
ajeer-5797	59	14	rate	rate	NOUN
ajeer-5797	59	15	(	(	PUNCT
ajeer-5797	59	16	ssr	ssr	PROPN
ajeer-5797	59	17	)	)	PUNCT
ajeer-5797	59	18	as	as	ADP
ajeer-5797	59	19	a	a	DET
ajeer-5797	59	20	stand	stand	NOUN
ajeer-5797	59	21	-	-	PUNCT
ajeer-5797	59	22	in	in	NOUN
ajeer-5797	59	23	for	for	ADP
ajeer-5797	59	24	the	the	DET
ajeer-5797	59	25	monetary	monetary	ADJ
ajeer-5797	59	26	policy	policy	NOUN
ajeer-5797	59	27	rate	rate	NOUN
ajeer-5797	59	28	and	and	CCONJ
ajeer-5797	59	29	build	build	VERB
ajeer-5797	59	30	a	a	DET
ajeer-5797	59	31	block	block	NOUN
ajeer-5797	59	32	-	-	PUNCT
ajeer-5797	59	33	exogenous	exogenous	ADJ
ajeer-5797	59	34	time	time	NOUN
ajeer-5797	59	35	-	-	PUNCT
ajeer-5797	59	36	varying	vary	VERB
ajeer-5797	59	37	parameter	parameter	NOUN
ajeer-5797	59	38	-	-	PUNCT
ajeer-5797	59	39	vector	vector	NOUN
ajeer-5797	59	40	autoregressive	autoregressive	ADJ
ajeer-5797	59	41	(	(	PUNCT
ajeer-5797	59	42	tvp	tvp	ADJ
ajeer-5797	59	43	-	-	PUNCT
ajeer-5797	59	44	var	var	NOUN
ajeer-5797	59	45	)	)	PUNCT
ajeer-5797	59	46	model	model	NOUN
ajeer-5797	59	47	.	.	PUNCT
ajeer-5797	60	1	our	our	PRON
ajeer-5797	60	2	approach	approach	NOUN
ajeer-5797	60	3	consists	consist	VERB
ajeer-5797	60	4	of	of	ADP
ajeer-5797	60	5	three	three	NUM
ajeer-5797	60	6	steps	step	NOUN
ajeer-5797	60	7	.	.	PUNCT
ajeer-5797	61	1	first	first	ADV
ajeer-5797	61	2	,	,	PUNCT
ajeer-5797	61	3	we	we	PRON
ajeer-5797	61	4	use	use	VERB
ajeer-5797	61	5	the	the	DET
ajeer-5797	61	6	structural	structural	ADJ
ajeer-5797	61	7	vector	vector	NOUN
ajeer-5797	61	8	autoregression	autoregression	NOUN
ajeer-5797	61	9	(	(	PUNCT
ajeer-5797	61	10	svar	svar	NOUN
ajeer-5797	61	11	)	)	PUNCT
ajeer-5797	61	12	model	model	NOUN
ajeer-5797	61	13	,	,	PUNCT
ajeer-5797	61	14	which	which	PRON
ajeer-5797	61	15	has	have	VERB
ajeer-5797	61	16	parameters	parameter	NOUN
ajeer-5797	61	17	that	that	PRON
ajeer-5797	61	18	change	change	VERB
ajeer-5797	61	19	over	over	ADP
ajeer-5797	61	20	time	time	NOUN
ajeer-5797	61	21	and	and	CCONJ
ajeer-5797	61	22	stochastic	stochastic	ADJ
ajeer-5797	61	23	volatility	volatility	NOUN
ajeer-5797	61	24	,	,	PUNCT
ajeer-5797	61	25	to	to	PART
ajeer-5797	61	26	figure	figure	VERB
ajeer-5797	61	27	out	out	ADP
ajeer-5797	61	28	how	how	SCONJ
ajeer-5797	61	29	the	the	DET
ajeer-5797	61	30	us	us	PROPN
ajeer-5797	61	31	monetary	monetary	ADJ
ajeer-5797	61	32	policy	policy	NOUN
ajeer-5797	61	33	shock	shock	NOUN
ajeer-5797	61	34	affected	affect	VERB
ajeer-5797	61	35	indonesia	indonesia	PROPN
ajeer-5797	61	36	's	's	PART
ajeer-5797	61	37	most	most	ADV
ajeer-5797	61	38	important	important	ADJ
ajeer-5797	61	39	macroeconomic	macroeconomic	ADJ
ajeer-5797	61	40	and	and	CCONJ
ajeer-5797	61	41	financial	financial	ADJ
ajeer-5797	61	42	variables	variable	NOUN
ajeer-5797	61	43	.	.	PUNCT
ajeer-5797	62	1	second	second	ADJ
ajeer-5797	62	2	,	,	PUNCT
ajeer-5797	62	3	we	we	PRON
ajeer-5797	62	4	extended	extend	VERB
ajeer-5797	62	5	the	the	DET
ajeer-5797	62	6	benchmark	benchmark	ADJ
ajeer-5797	62	7	var	var	NOUN
ajeer-5797	62	8	by	by	ADP
ajeer-5797	62	9	replacing	replace	VERB
ajeer-5797	62	10	the	the	DET
ajeer-5797	62	11	us	us	PROPN
ajeer-5797	62	12	monetary	monetary	ADJ
ajeer-5797	62	13	policy	policy	NOUN
ajeer-5797	62	14	shock	shock	NOUN
ajeer-5797	62	15	with	with	ADP
ajeer-5797	62	16	us	we	PRON
ajeer-5797	62	17	positive	positive	ADJ
ajeer-5797	62	18	and	and	CCONJ
ajeer-5797	62	19	negative	negative	ADJ
ajeer-5797	62	20	shocks	shock	NOUN
ajeer-5797	62	21	,	,	PUNCT
ajeer-5797	62	22	which	which	PRON
ajeer-5797	62	23	we	we	PRON
ajeer-5797	62	24	disentangled	disentangle	VERB
ajeer-5797	62	25	using	use	VERB
ajeer-5797	62	26	an	an	DET
ajeer-5797	62	27	asymmetric	asymmetric	ADJ
ajeer-5797	62	28	nonlinear	nonlinear	ADJ
ajeer-5797	62	29	autoregressive	autoregressive	ADJ
ajeer-5797	62	30	distributive	distributive	ADJ
ajeer-5797	62	31	lag	lag	NOUN
ajeer-5797	62	32	(	(	PUNCT
ajeer-5797	62	33	ardl	ardl	NOUN
ajeer-5797	62	34	)	)	PUNCT
ajeer-5797	62	35	model	model	NOUN
ajeer-5797	62	36	.	.	PUNCT
ajeer-5797	63	1	this	this	PRON
ajeer-5797	63	2	allowed	allow	VERB
ajeer-5797	63	3	us	we	PRON
ajeer-5797	63	4	to	to	PART
ajeer-5797	63	5	compare	compare	VERB
ajeer-5797	63	6	the	the	DET
ajeer-5797	63	7	effects	effect	NOUN
ajeer-5797	63	8	of	of	ADP
ajeer-5797	63	9	us	we	PRON
ajeer-5797	63	10	monetary	monetary	ADJ
ajeer-5797	63	11	policy	policy	NOUN
ajeer-5797	63	12	tightening	tightening	NOUN
ajeer-5797	63	13	and	and	CCONJ
ajeer-5797	63	14	easing	ease	VERB
ajeer-5797	63	15	cycles	cycle	NOUN
ajeer-5797	63	16	on	on	ADP
ajeer-5797	63	17	indonesian	indonesian	ADJ
ajeer-5797	63	18	macroeconomic	macroeconomic	ADJ
ajeer-5797	63	19	and	and	CCONJ
ajeer-5797	63	20	financial	financial	ADJ
ajeer-5797	63	21	variables	variable	NOUN
ajeer-5797	63	22	.	.	PUNCT
ajeer-5797	64	1	finally	finally	ADV
ajeer-5797	64	2	,	,	PUNCT
ajeer-5797	64	3	we	we	PRON
ajeer-5797	64	4	partitioned	partition	VERB
ajeer-5797	64	5	the	the	DET
ajeer-5797	64	6	dataset	dataset	NOUN
ajeer-5797	64	7	into	into	ADP
ajeer-5797	64	8	a	a	DET
ajeer-5797	64	9	conventional	conventional	ADJ
ajeer-5797	64	10	era	era	NOUN
ajeer-5797	64	11	when	when	SCONJ
ajeer-5797	64	12	the	the	DET
ajeer-5797	64	13	policy	policy	NOUN
ajeer-5797	64	14	rate	rate	NOUN
ajeer-5797	64	15	was	be	AUX
ajeer-5797	64	16	the	the	DET
ajeer-5797	64	17	main	main	ADJ
ajeer-5797	64	18	tool	tool	NOUN
ajeer-5797	64	19	in	in	ADP
ajeer-5797	64	20	the	the	DET
ajeer-5797	64	21	us	us	PROPN
ajeer-5797	64	22	and	and	CCONJ
ajeer-5797	64	23	an	an	DET
ajeer-5797	64	24	ump	ump	NOUN
ajeer-5797	64	25	era	era	NOUN
ajeer-5797	64	26	when	when	SCONJ
ajeer-5797	64	27	the	the	DET
ajeer-5797	64	28	policy	policy	NOUN
ajeer-5797	64	29	rate	rate	NOUN
ajeer-5797	64	30	was	be	AUX
ajeer-5797	64	31	at	at	ADP
ajeer-5797	64	32	zero	zero	NUM
ajeer-5797	64	33	lower	lower	ADV
ajeer-5797	64	34	bound	bind	VERB
ajeer-5797	64	35	(	(	PUNCT
ajeer-5797	64	36	zlb	zlb	NOUN
ajeer-5797	64	37	)	)	PUNCT
ajeer-5797	64	38	and	and	CCONJ
ajeer-5797	64	39	the	the	DET
ajeer-5797	64	40	economic	economic	ADJ
ajeer-5797	64	41	slacks	slack	NOUN
ajeer-5797	64	42	persisted	persist	VERB
ajeer-5797	64	43	.	.	PUNCT
ajeer-5797	65	1	we	we	PRON
ajeer-5797	65	2	then	then	ADV
ajeer-5797	65	3	compared	compare	VERB
ajeer-5797	65	4	their	their	PRON
ajeer-5797	65	5	effects	effect	NOUN
ajeer-5797	65	6	on	on	ADP
ajeer-5797	65	7	the	the	DET
ajeer-5797	65	8	selected	select	VERB
ajeer-5797	65	9	variables	variable	NOUN
ajeer-5797	65	10	for	for	ADP
ajeer-5797	65	11	the	the	DET
ajeer-5797	65	12	indonesian	indonesian	ADJ
ajeer-5797	65	13	economy	economy	NOUN
ajeer-5797	65	14	.	.	PUNCT
ajeer-5797	66	1	the	the	DET
ajeer-5797	66	2	study	study	NOUN
ajeer-5797	66	3	finds	find	VERB
ajeer-5797	66	4	that	that	SCONJ
ajeer-5797	66	5	us	we	PRON
ajeer-5797	66	6	monetary	monetary	ADJ
ajeer-5797	66	7	policy	policy	NOUN
ajeer-5797	66	8	spillovers	spillover	NOUN
ajeer-5797	66	9	,	,	PUNCT
ajeer-5797	66	10	on	on	ADP
ajeer-5797	66	11	average	average	ADJ
ajeer-5797	66	12	,	,	PUNCT
ajeer-5797	66	13	boost	boost	VERB
ajeer-5797	66	14	indonesia	indonesia	PROPN
ajeer-5797	66	15	’s	’s	PART
ajeer-5797	66	16	real	real	PROPN
ajeer-5797	66	17	gdp	gdp	NOUN
ajeer-5797	66	18	,	,	PUNCT
ajeer-5797	66	19	stock	stock	NOUN
ajeer-5797	66	20	market	market	NOUN
ajeer-5797	66	21	returns	return	NOUN
ajeer-5797	66	22	,	,	PUNCT
ajeer-5797	66	23	and	and	CCONJ
ajeer-5797	66	24	bilateral	bilateral	ADJ
ajeer-5797	66	25	exchange	exchange	NOUN
ajeer-5797	66	26	rate	rate	NOUN
ajeer-5797	66	27	vis	vis	X
ajeer-5797	66	28	-	-	PUNCT
ajeer-5797	66	29	à	à	X
ajeer-5797	66	30	-	-	PUNCT
ajeer-5797	66	31	vis	vis	X
ajeer-5797	66	32	the	the	DET
ajeer-5797	66	33	us	us	PROPN
ajeer-5797	66	34	dollar	dollar	NOUN
ajeer-5797	66	35	and	and	CCONJ
ajeer-5797	66	36	trigger	trigger	VERB
ajeer-5797	66	37	inflation	inflation	NOUN
ajeer-5797	66	38	beyond	beyond	ADP
ajeer-5797	66	39	what	what	PRON
ajeer-5797	66	40	the	the	DET
ajeer-5797	66	41	corresponding	corresponding	ADJ
ajeer-5797	66	42	policy	policy	NOUN
ajeer-5797	66	43	reaction	reaction	NOUN
ajeer-5797	66	44	could	could	AUX
ajeer-5797	66	45	counteract	counteract	VERB
ajeer-5797	66	46	.	.	PUNCT
ajeer-5797	67	1	however	however	ADV
ajeer-5797	67	2	,	,	PUNCT
ajeer-5797	67	3	decomposing	decompose	VERB
ajeer-5797	67	4	the	the	DET
ajeer-5797	67	5	shock	shock	NOUN
ajeer-5797	67	6	into	into	ADP
ajeer-5797	67	7	easing	ease	VERB
ajeer-5797	67	8	and	and	CCONJ
ajeer-5797	67	9	tightening	tighten	VERB
ajeer-5797	67	10	shocks	shock	NOUN
ajeer-5797	67	11	reveals	reveal	VERB
ajeer-5797	67	12	significant	significant	ADJ
ajeer-5797	67	13	differences	difference	NOUN
ajeer-5797	67	14	.	.	PUNCT
ajeer-5797	68	1	we	we	PRON
ajeer-5797	68	2	find	find	VERB
ajeer-5797	68	3	that	that	SCONJ
ajeer-5797	68	4	the	the	DET
ajeer-5797	68	5	effect	effect	NOUN
ajeer-5797	68	6	of	of	ADP
ajeer-5797	68	7	us	us	PROPN
ajeer-5797	68	8	monetary	monetary	ADJ
ajeer-5797	68	9	policy	policy	NOUN
ajeer-5797	68	10	shocks	shock	NOUN
ajeer-5797	68	11	on	on	ADP
ajeer-5797	68	12	real	real	ADJ
ajeer-5797	68	13	gdp	gdp	NOUN
ajeer-5797	68	14	,	,	PUNCT
ajeer-5797	68	15	the	the	DET
ajeer-5797	68	16	exchange	exchange	NOUN
ajeer-5797	68	17	rate	rate	NOUN
ajeer-5797	68	18	,	,	PUNCT
ajeer-5797	68	19	and	and	CCONJ
ajeer-5797	68	20	the	the	DET
ajeer-5797	68	21	policy	policy	NOUN
ajeer-5797	68	22	rate	rate	NOUN
ajeer-5797	68	23	is	be	AUX
ajeer-5797	68	24	asymmetric	asymmetric	ADJ
ajeer-5797	68	25	,	,	PUNCT
ajeer-5797	68	26	as	as	SCONJ
ajeer-5797	68	27	the	the	DET
ajeer-5797	68	28	variables	variable	NOUN
ajeer-5797	68	29	appreciate	appreciate	VERB
ajeer-5797	68	30	in	in	ADP
ajeer-5797	68	31	response	response	NOUN
ajeer-5797	68	32	to	to	ADP
ajeer-5797	68	33	tightening	tighten	VERB
ajeer-5797	68	34	and	and	CCONJ
ajeer-5797	68	35	easing	ease	VERB
ajeer-5797	68	36	shocks	shock	NOUN
ajeer-5797	68	37	.	.	PUNCT
ajeer-5797	69	1	conversely	conversely	ADV
ajeer-5797	69	2	,	,	PUNCT
ajeer-5797	69	3	we	we	PRON
ajeer-5797	69	4	find	find	VERB
ajeer-5797	69	5	a	a	DET
ajeer-5797	69	6	symmetrical	symmetrical	ADJ
ajeer-5797	69	7	effect	effect	NOUN
ajeer-5797	69	8	on	on	ADP
ajeer-5797	69	9	inflation	inflation	NOUN
ajeer-5797	69	10	and	and	CCONJ
ajeer-5797	69	11	stock	stock	NOUN
ajeer-5797	69	12	market	market	NOUN
ajeer-5797	69	13	returns	return	NOUN
ajeer-5797	69	14	.	.	PUNCT
ajeer-5797	70	1	indonesia	indonesia	PROPN
ajeer-5797	70	2	’s	’s	PART
ajeer-5797	70	3	inflation	inflation	NOUN
ajeer-5797	70	4	responded	respond	VERB
ajeer-5797	70	5	positively	positively	ADV
ajeer-5797	70	6	to	to	ADP
ajeer-5797	70	7	us	we	PRON
ajeer-5797	70	8	monetary	monetary	ADJ
ajeer-5797	70	9	policy	policy	NOUN
ajeer-5797	70	10	tightening	tighten	VERB
ajeer-5797	70	11	shocks	shock	NOUN
ajeer-5797	70	12	and	and	CCONJ
ajeer-5797	70	13	negatively	negatively	ADV
ajeer-5797	70	14	to	to	ADP
ajeer-5797	70	15	easing	ease	VERB
ajeer-5797	70	16	shocks	shock	NOUN
ajeer-5797	70	17	.	.	PUNCT
ajeer-5797	71	1	stock	stock	NOUN
ajeer-5797	71	2	market	market	NOUN
ajeer-5797	71	3	returns	return	NOUN
ajeer-5797	71	4	responded	respond	VERB
ajeer-5797	71	5	positively	positively	ADV
ajeer-5797	71	6	to	to	ADP
ajeer-5797	71	7	us	we	PRON
ajeer-5797	71	8	monetary	monetary	ADJ
ajeer-5797	71	9	policy	policy	NOUN
ajeer-5797	71	10	easing	ease	VERB
ajeer-5797	71	11	shocks	shock	NOUN
ajeer-5797	71	12	and	and	CCONJ
ajeer-5797	71	13	negatively	negatively	ADV
ajeer-5797	71	14	to	to	ADP
ajeer-5797	71	15	tightening	tightening	NOUN
ajeer-5797	71	16	,	,	PUNCT
ajeer-5797	71	17	respectively	respectively	ADV
ajeer-5797	71	18	.	.	PUNCT
ajeer-5797	72	1	we	we	PRON
ajeer-5797	72	2	also	also	ADV
ajeer-5797	72	3	found	find	VERB
ajeer-5797	72	4	that	that	SCONJ
ajeer-5797	72	5	macroeconomic	macroeconomic	ADJ
ajeer-5797	72	6	variables	variable	NOUN
ajeer-5797	72	7	responded	respond	VERB
ajeer-5797	72	8	differently	differently	ADV
ajeer-5797	72	9	to	to	ADP
ajeer-5797	72	10	us	we	PRON
ajeer-5797	72	11	conventional	conventional	ADJ
ajeer-5797	72	12	and	and	CCONJ
ajeer-5797	72	13	ump	ump	NOUN
ajeer-5797	72	14	shocks	shock	NOUN
ajeer-5797	72	15	.	.	PUNCT
ajeer-5797	73	1	while	while	SCONJ
ajeer-5797	73	2	real	real	ADJ
ajeer-5797	73	3	gdp	gdp	NOUN
ajeer-5797	73	4	and	and	CCONJ
ajeer-5797	73	5	inflation	inflation	NOUN
ajeer-5797	73	6	responded	respond	VERB
ajeer-5797	73	7	positively	positively	ADV
ajeer-5797	73	8	to	to	ADP
ajeer-5797	73	9	us	we	PRON
ajeer-5797	73	10	conventional	conventional	ADJ
ajeer-5797	73	11	monetary	monetary	ADJ
ajeer-5797	73	12	policy	policy	NOUN
ajeer-5797	73	13	shocks	shock	NOUN
ajeer-5797	73	14	,	,	PUNCT
ajeer-5797	73	15	ump	ump	NOUN
ajeer-5797	73	16	shocks	shock	NOUN
ajeer-5797	73	17	,	,	PUNCT
ajeer-5797	73	18	on	on	ADP
ajeer-5797	73	19	the	the	DET
ajeer-5797	73	20	other	other	ADJ
ajeer-5797	73	21	hand	hand	NOUN
ajeer-5797	73	22	,	,	PUNCT
ajeer-5797	73	23	depressed	depress	VERB
ajeer-5797	73	24	both	both	DET
ajeer-5797	73	25	gdp	gdp	NOUN
ajeer-5797	73	26	and	and	CCONJ
ajeer-5797	73	27	inflation	inflation	NOUN
ajeer-5797	73	28	.	.	PUNCT
ajeer-5797	74	1	the	the	DET
ajeer-5797	74	2	exchange	exchange	NOUN
ajeer-5797	74	3	rate	rate	NOUN
ajeer-5797	74	4	appreciates	appreciate	VERB
ajeer-5797	74	5	in	in	ADP
ajeer-5797	74	6	response	response	NOUN
ajeer-5797	74	7	to	to	ADP
ajeer-5797	74	8	us	we	PRON
ajeer-5797	74	9	ump	ump	NOUN
ajeer-5797	74	10	shocks	shock	NOUN
ajeer-5797	74	11	and	and	CCONJ
ajeer-5797	74	12	depreciates	depreciate	VERB
ajeer-5797	74	13	in	in	ADP
ajeer-5797	74	14	response	response	NOUN
ajeer-5797	74	15	to	to	ADP
ajeer-5797	74	16	conventional	conventional	ADJ
ajeer-5797	74	17	monetary	monetary	ADJ
ajeer-5797	74	18	policy	policy	NOUN
ajeer-5797	74	19	shocks	shock	NOUN
ajeer-5797	74	20	.	.	PUNCT
ajeer-5797	75	1	while	while	SCONJ
ajeer-5797	75	2	stock	stock	NOUN
ajeer-5797	75	3	market	market	NOUN
ajeer-5797	75	4	returns	return	NOUN
ajeer-5797	75	5	responded	respond	VERB
ajeer-5797	75	6	positively	positively	ADV
ajeer-5797	75	7	to	to	ADP
ajeer-5797	75	8	both	both	DET
ajeer-5797	75	9	shocks	shock	NOUN
ajeer-5797	75	10	,	,	PUNCT
ajeer-5797	75	11	the	the	DET
ajeer-5797	75	12	response	response	NOUN
ajeer-5797	75	13	to	to	ADP
ajeer-5797	75	14	ump	ump	NOUN
ajeer-5797	75	15	was	be	AUX
ajeer-5797	75	16	stronger	strong	ADJ
ajeer-5797	75	17	and	and	CCONJ
ajeer-5797	75	18	longer	long	ADJ
ajeer-5797	75	19	.	.	PUNCT
ajeer-5797	76	1	to	to	PART
ajeer-5797	76	2	stimulate	stimulate	VERB
ajeer-5797	76	3	declining	decline	VERB
ajeer-5797	76	4	output	output	NOUN
ajeer-5797	76	5	,	,	PUNCT
ajeer-5797	76	6	policy	policy	NOUN
ajeer-5797	76	7	rates	rate	NOUN
ajeer-5797	76	8	rise	rise	VERB
ajeer-5797	76	9	in	in	ADP
ajeer-5797	76	10	response	response	NOUN
ajeer-5797	76	11	to	to	ADP
ajeer-5797	76	12	conventional	conventional	ADJ
ajeer-5797	76	13	monetary	monetary	ADJ
ajeer-5797	76	14	policy	policy	NOUN
ajeer-5797	76	15	shocks	shock	NOUN
ajeer-5797	76	16	and	and	CCONJ
ajeer-5797	76	17	fall	fall	VERB
ajeer-5797	76	18	in	in	ADP
ajeer-5797	76	19	response	response	NOUN
ajeer-5797	76	20	to	to	ADP
ajeer-5797	76	21	ump	ump	NOUN
ajeer-5797	76	22	shocks	shock	NOUN
ajeer-5797	76	23	.	.	PUNCT
ajeer-5797	77	1	finally	finally	ADV
ajeer-5797	77	2	,	,	PUNCT
ajeer-5797	77	3	we	we	PRON
ajeer-5797	77	4	also	also	ADV
ajeer-5797	77	5	found	find	VERB
ajeer-5797	77	6	substantial	substantial	ADJ
ajeer-5797	77	7	time	time	NOUN
ajeer-5797	77	8	variation	variation	NOUN
ajeer-5797	77	9	in	in	ADP
ajeer-5797	77	10	the	the	DET
ajeer-5797	77	11	effects	effect	NOUN
ajeer-5797	77	12	corresponding	correspond	VERB
ajeer-5797	77	13	to	to	ADP
ajeer-5797	77	14	major	major	ADJ
ajeer-5797	77	15	global	global	ADJ
ajeer-5797	77	16	events	event	NOUN
ajeer-5797	77	17	,	,	PUNCT
ajeer-5797	77	18	including	include	VERB
ajeer-5797	77	19	the	the	DET
ajeer-5797	77	20	gfc	gfc	NOUN
ajeer-5797	77	21	and	and	CCONJ
ajeer-5797	77	22	implementation	implementation	NOUN
ajeer-5797	77	23	of	of	ADP
ajeer-5797	77	24	ump	ump	NOUN
ajeer-5797	77	25	,	,	PUNCT
ajeer-5797	77	26	the	the	DET
ajeer-5797	77	27	taper	taper	NOUN
ajeer-5797	77	28	tantrum	tantrum	NOUN
ajeer-5797	77	29	of	of	ADP
ajeer-5797	77	30	2013–2014	2013–2014	NUM
ajeer-5797	77	31	,	,	PUNCT
ajeer-5797	77	32	and	and	CCONJ
ajeer-5797	77	33	the	the	DET
ajeer-5797	77	34	great	great	ADJ
ajeer-5797	77	35	lockdown	lockdown	NOUN
ajeer-5797	77	36	in	in	ADP
ajeer-5797	77	37	the	the	DET
ajeer-5797	77	38	wake	wake	NOUN
ajeer-5797	77	39	of	of	ADP
ajeer-5797	77	40	the	the	DET
ajeer-5797	77	41	covid-19	covid-19	PROPN
ajeer-5797	77	42	pandemic	pandemic	NOUN
ajeer-5797	77	43	in	in	ADP
ajeer-5797	77	44	2019	2019	NUM
ajeer-5797	77	45	–	–	PUNCT
ajeer-5797	77	46	2020	2020	NUM
ajeer-5797	77	47	.	.	PUNCT
ajeer-5797	78	1	our	our	PRON
ajeer-5797	78	2	findings	finding	NOUN
ajeer-5797	78	3	are	be	AUX
ajeer-5797	78	4	robust	robust	ADJ
ajeer-5797	78	5	to	to	ADP
ajeer-5797	78	6	alternative	alternative	ADJ
ajeer-5797	78	7	uses	use	NOUN
ajeer-5797	78	8	of	of	ADP
ajeer-5797	78	9	effective	effective	ADJ
ajeer-5797	78	10	federal	federal	ADJ
ajeer-5797	78	11	fund	fund	NOUN
ajeer-5797	78	12	rates	rate	NOUN
ajeer-5797	78	13	to	to	PART
ajeer-5797	78	14	identify	identify	VERB
ajeer-5797	78	15	us	we	PRON
ajeer-5797	78	16	monetary	monetary	ADJ
ajeer-5797	78	17	policy	policy	NOUN
ajeer-5797	78	18	.	.	PUNCT
ajeer-5797	79	1	while	while	SCONJ
ajeer-5797	79	2	the	the	DET
ajeer-5797	79	3	irfs	irf	NOUN
ajeer-5797	79	4	for	for	ADP
ajeer-5797	79	5	the	the	DET
ajeer-5797	79	6	full	full	ADJ
ajeer-5797	79	7	sample	sample	NOUN
ajeer-5797	79	8	and	and	CCONJ
ajeer-5797	79	9	ump	ump	NOUN
ajeer-5797	79	10	sub	sub	NOUN
ajeer-5797	79	11	-	-	NOUN
ajeer-5797	79	12	sample	sample	NOUN
ajeer-5797	79	13	are	be	AUX
ajeer-5797	79	14	significantly	significantly	ADV
ajeer-5797	79	15	different	different	ADJ
ajeer-5797	79	16	from	from	ADP
ajeer-5797	79	17	the	the	DET
ajeer-5797	79	18	baseline	baseline	PROPN
ajeer-5797	79	19	model	model	NOUN
ajeer-5797	79	20	,	,	PUNCT
ajeer-5797	79	21	the	the	DET
ajeer-5797	79	22	irfs	irf	NOUN
ajeer-5797	79	23	for	for	ADP
ajeer-5797	79	24	asian	asian	ADJ
ajeer-5797	79	25	journal	journal	NOUN
ajeer-5797	79	26	of	of	ADP
ajeer-5797	79	27	economics	economic	NOUN
ajeer-5797	79	28	and	and	CCONJ
ajeer-5797	79	29	empirical	empirical	ADJ
ajeer-5797	79	30	research	research	NOUN
ajeer-5797	79	31	,	,	PUNCT
ajeer-5797	79	32	2024	2024	NUM
ajeer-5797	79	33	,	,	PUNCT
ajeer-5797	79	34	11(1	11(1	NUM
ajeer-5797	79	35	):	):	PUNCT
ajeer-5797	79	36	30	30	NUM
ajeer-5797	79	37	-	-	SYM
ajeer-5797	79	38	43	43	NUM
ajeer-5797	79	39	32	32	NUM
ajeer-5797	79	40	©	©	ADP
ajeer-5797	79	41	2024	2024	NUM
ajeer-5797	79	42	by	by	ADP
ajeer-5797	79	43	the	the	DET
ajeer-5797	79	44	authors	author	NOUN
ajeer-5797	79	45	;	;	PUNCT
ajeer-5797	79	46	licensee	licensee	PROPN
ajeer-5797	79	47	asian	asian	ADJ
ajeer-5797	79	48	online	online	PROPN
ajeer-5797	79	49	journal	journal	PROPN
ajeer-5797	79	50	publishing	publishing	NOUN
ajeer-5797	79	51	group	group	NOUN
ajeer-5797	79	52	the	the	DET
ajeer-5797	79	53	conventional	conventional	ADJ
ajeer-5797	79	54	monetary	monetary	ADJ
ajeer-5797	79	55	policy	policy	NOUN
ajeer-5797	79	56	sample	sample	NOUN
ajeer-5797	79	57	are	be	AUX
ajeer-5797	79	58	quite	quite	ADV
ajeer-5797	79	59	similar	similar	ADJ
ajeer-5797	79	60	.	.	PUNCT
ajeer-5797	80	1	the	the	DET
ajeer-5797	80	2	only	only	ADJ
ajeer-5797	80	3	difference	difference	NOUN
ajeer-5797	80	4	is	be	AUX
ajeer-5797	80	5	in	in	ADP
ajeer-5797	80	6	the	the	DET
ajeer-5797	80	7	exchange	exchange	NOUN
ajeer-5797	80	8	rate	rate	NOUN
ajeer-5797	80	9	variable	variable	NOUN
ajeer-5797	80	10	.	.	PUNCT
ajeer-5797	81	1	our	our	PRON
ajeer-5797	81	2	findings	finding	NOUN
ajeer-5797	81	3	have	have	VERB
ajeer-5797	81	4	implications	implication	NOUN
ajeer-5797	81	5	that	that	PRON
ajeer-5797	81	6	encourage	encourage	VERB
ajeer-5797	81	7	further	further	ADJ
ajeer-5797	81	8	research	research	NOUN
ajeer-5797	81	9	.	.	PUNCT
ajeer-5797	82	1	our	our	PRON
ajeer-5797	82	2	analysis	analysis	NOUN
ajeer-5797	82	3	only	only	ADV
ajeer-5797	82	4	considered	consider	VERB
ajeer-5797	82	5	monetary	monetary	ADJ
ajeer-5797	82	6	policy	policy	NOUN
ajeer-5797	82	7	spillovers	spillover	NOUN
ajeer-5797	82	8	from	from	ADP
ajeer-5797	82	9	the	the	DET
ajeer-5797	82	10	us	us	PROPN
ajeer-5797	82	11	to	to	ADP
ajeer-5797	82	12	indonesia	indonesia	PROPN
ajeer-5797	82	13	.	.	PUNCT
ajeer-5797	83	1	this	this	PRON
ajeer-5797	83	2	is	be	AUX
ajeer-5797	83	3	an	an	DET
ajeer-5797	83	4	important	important	ADJ
ajeer-5797	83	5	starting	starting	NOUN
ajeer-5797	83	6	point	point	NOUN
ajeer-5797	83	7	.	.	PUNCT
ajeer-5797	84	1	the	the	DET
ajeer-5797	84	2	next	next	ADJ
ajeer-5797	84	3	extension	extension	NOUN
ajeer-5797	84	4	is	be	AUX
ajeer-5797	84	5	to	to	PART
ajeer-5797	84	6	consider	consider	VERB
ajeer-5797	84	7	other	other	ADJ
ajeer-5797	84	8	advanced	advanced	ADJ
ajeer-5797	84	9	economies	economy	NOUN
ajeer-5797	84	10	with	with	ADP
ajeer-5797	84	11	strong	strong	ADJ
ajeer-5797	84	12	trade	trade	NOUN
ajeer-5797	84	13	and	and	CCONJ
ajeer-5797	84	14	financial	financial	ADJ
ajeer-5797	84	15	ties	tie	NOUN
ajeer-5797	84	16	with	with	ADP
ajeer-5797	84	17	indonesia	indonesia	PROPN
ajeer-5797	84	18	,	,	PUNCT
ajeer-5797	84	19	such	such	ADJ
ajeer-5797	84	20	as	as	ADP
ajeer-5797	84	21	japan	japan	PROPN
ajeer-5797	84	22	and	and	CCONJ
ajeer-5797	84	23	the	the	DET
ajeer-5797	84	24	euro	euro	PROPN
ajeer-5797	84	25	area	area	NOUN
ajeer-5797	84	26	.	.	PUNCT
ajeer-5797	85	1	we	we	PRON
ajeer-5797	85	2	could	could	AUX
ajeer-5797	85	3	n't	not	PART
ajeer-5797	85	4	include	include	VERB
ajeer-5797	85	5	them	they	PRON
ajeer-5797	85	6	here	here	ADV
ajeer-5797	85	7	,	,	PUNCT
ajeer-5797	85	8	as	as	SCONJ
ajeer-5797	85	9	we	we	PRON
ajeer-5797	85	10	leave	leave	VERB
ajeer-5797	85	11	this	this	DET
ajeer-5797	85	12	significant	significant	ADJ
ajeer-5797	85	13	gap	gap	NOUN
ajeer-5797	85	14	for	for	ADP
ajeer-5797	85	15	future	future	ADJ
ajeer-5797	85	16	research	research	NOUN
ajeer-5797	85	17	.	.	PUNCT
ajeer-5797	86	1	we	we	PRON
ajeer-5797	86	2	organized	organize	VERB
ajeer-5797	86	3	the	the	DET
ajeer-5797	86	4	rest	rest	NOUN
ajeer-5797	86	5	of	of	ADP
ajeer-5797	86	6	the	the	DET
ajeer-5797	86	7	study	study	NOUN
ajeer-5797	86	8	as	as	SCONJ
ajeer-5797	86	9	follows	follow	VERB
ajeer-5797	86	10	:	:	PUNCT
ajeer-5797	86	11	in	in	ADP
ajeer-5797	86	12	section	section	NOUN
ajeer-5797	86	13	2	2	NUM
ajeer-5797	86	14	,	,	PUNCT
ajeer-5797	86	15	we	we	PRON
ajeer-5797	86	16	present	present	VERB
ajeer-5797	86	17	some	some	DET
ajeer-5797	86	18	stylized	stylize	VERB
ajeer-5797	86	19	facts	fact	NOUN
ajeer-5797	86	20	about	about	ADP
ajeer-5797	86	21	the	the	DET
ajeer-5797	86	22	indonesian	indonesian	ADJ
ajeer-5797	86	23	economy	economy	NOUN
ajeer-5797	86	24	.	.	PUNCT
ajeer-5797	87	1	in	in	ADP
ajeer-5797	87	2	section	section	NOUN
ajeer-5797	87	3	3	3	NUM
ajeer-5797	87	4	,	,	PUNCT
ajeer-5797	87	5	we	we	PRON
ajeer-5797	87	6	describe	describe	VERB
ajeer-5797	87	7	the	the	DET
ajeer-5797	87	8	methodology	methodology	NOUN
ajeer-5797	87	9	and	and	CCONJ
ajeer-5797	87	10	data	datum	NOUN
ajeer-5797	87	11	that	that	PRON
ajeer-5797	87	12	are	be	AUX
ajeer-5797	87	13	deployed	deploy	VERB
ajeer-5797	87	14	in	in	ADP
ajeer-5797	87	15	this	this	DET
ajeer-5797	87	16	paper	paper	NOUN
ajeer-5797	87	17	.	.	PUNCT
ajeer-5797	88	1	in	in	ADP
ajeer-5797	88	2	section	section	NOUN
ajeer-5797	88	3	4	4	NUM
ajeer-5797	88	4	,	,	PUNCT
ajeer-5797	88	5	we	we	PRON
ajeer-5797	88	6	present	present	VERB
ajeer-5797	88	7	the	the	DET
ajeer-5797	88	8	results	result	NOUN
ajeer-5797	88	9	.	.	PUNCT
ajeer-5797	89	1	section	section	NOUN
ajeer-5797	89	2	5	5	NUM
ajeer-5797	89	3	shows	show	VERB
ajeer-5797	89	4	how	how	SCONJ
ajeer-5797	89	5	our	our	PRON
ajeer-5797	89	6	results	result	NOUN
ajeer-5797	89	7	are	be	AUX
ajeer-5797	89	8	robust	robust	ADJ
ajeer-5797	89	9	to	to	ADP
ajeer-5797	89	10	alternative	alternative	ADJ
ajeer-5797	89	11	measurements	measurement	NOUN
ajeer-5797	89	12	of	of	ADP
ajeer-5797	89	13	the	the	DET
ajeer-5797	89	14	us	us	PROPN
ajeer-5797	89	15	monetary	monetary	ADJ
ajeer-5797	89	16	policy	policy	NOUN
ajeer-5797	89	17	stance	stance	NOUN
ajeer-5797	89	18	.	.	PUNCT
ajeer-5797	90	1	section	section	NOUN
ajeer-5797	90	2	6	6	NUM
ajeer-5797	90	3	concludes	conclude	VERB
ajeer-5797	90	4	the	the	DET
ajeer-5797	90	5	paper	paper	NOUN
ajeer-5797	90	6	.	.	PUNCT
ajeer-5797	91	1	2	2	X
ajeer-5797	91	2	.	.	NUM
ajeer-5797	91	3	stylized	stylize	VERB
ajeer-5797	91	4	facts	fact	NOUN
ajeer-5797	91	5	2.1	2.1	NUM
ajeer-5797	91	6	.	.	PUNCT
ajeer-5797	92	1	motivation	motivation	NOUN
ajeer-5797	92	2	for	for	ADP
ajeer-5797	92	3	the	the	DET
ajeer-5797	92	4	choice	choice	NOUN
ajeer-5797	92	5	of	of	ADP
ajeer-5797	92	6	us	we	PRON
ajeer-5797	92	7	figure	figure	NOUN
ajeer-5797	92	8	1	1	NUM
ajeer-5797	92	9	represents	represent	VERB
ajeer-5797	92	10	foreign	foreign	ADJ
ajeer-5797	92	11	portfolio	portfolio	NOUN
ajeer-5797	92	12	investment	investment	NOUN
ajeer-5797	92	13	(	(	PUNCT
ajeer-5797	92	14	fpi	fpi	PROPN
ajeer-5797	92	15	)	)	PUNCT
ajeer-5797	92	16	from	from	ADP
ajeer-5797	92	17	aes	aes	PROPN
ajeer-5797	92	18	to	to	ADP
ajeer-5797	92	19	indonesia	indonesia	PROPN
ajeer-5797	92	20	over	over	ADP
ajeer-5797	92	21	the	the	DET
ajeer-5797	92	22	sample	sample	NOUN
ajeer-5797	92	23	period	period	NOUN
ajeer-5797	92	24	(	(	PUNCT
ajeer-5797	92	25	2000	2000	NUM
ajeer-5797	92	26	–	–	PUNCT
ajeer-5797	92	27	2020	2020	NUM
ajeer-5797	92	28	)	)	PUNCT
ajeer-5797	92	29	.	.	PUNCT
ajeer-5797	93	1	the	the	DET
ajeer-5797	93	2	figure	figure	NOUN
ajeer-5797	93	3	on	on	ADP
ajeer-5797	93	4	the	the	DET
ajeer-5797	93	5	left	left	ADJ
ajeer-5797	93	6	-	-	PUNCT
ajeer-5797	93	7	hand	hand	NOUN
ajeer-5797	93	8	side	side	NOUN
ajeer-5797	93	9	shows	show	VERB
ajeer-5797	93	10	that	that	SCONJ
ajeer-5797	93	11	over	over	ADP
ajeer-5797	93	12	the	the	DET
ajeer-5797	93	13	sample	sample	NOUN
ajeer-5797	93	14	period	period	NOUN
ajeer-5797	93	15	,	,	PUNCT
ajeer-5797	93	16	the	the	DET
ajeer-5797	93	17	magnitude	magnitude	NOUN
ajeer-5797	93	18	of	of	ADP
ajeer-5797	93	19	fpi	fpi	PROPN
ajeer-5797	93	20	from	from	ADP
ajeer-5797	93	21	aes	aes	PROPN
ajeer-5797	93	22	to	to	ADP
ajeer-5797	93	23	indonesia	indonesia	PROPN
ajeer-5797	93	24	generally	generally	ADV
ajeer-5797	93	25	increases	increase	VERB
ajeer-5797	93	26	in	in	ADP
ajeer-5797	93	27	absolute	absolute	ADJ
ajeer-5797	93	28	terms	term	NOUN
ajeer-5797	93	29	.	.	PUNCT
ajeer-5797	94	1	this	this	PRON
ajeer-5797	94	2	suggests	suggest	VERB
ajeer-5797	94	3	increasing	increase	VERB
ajeer-5797	94	4	interconnectedness	interconnectedness	NOUN
ajeer-5797	94	5	between	between	ADP
ajeer-5797	94	6	indonesia	indonesia	PROPN
ajeer-5797	94	7	and	and	CCONJ
ajeer-5797	94	8	the	the	DET
ajeer-5797	94	9	aes	aes	NOUN
ajeer-5797	94	10	on	on	ADP
ajeer-5797	94	11	the	the	DET
ajeer-5797	94	12	one	one	NUM
ajeer-5797	94	13	hand	hand	NOUN
ajeer-5797	94	14	and	and	CCONJ
ajeer-5797	94	15	significant	significant	ADJ
ajeer-5797	94	16	vulnerability	vulnerability	NOUN
ajeer-5797	94	17	to	to	ADP
ajeer-5797	94	18	foreign	foreign	ADJ
ajeer-5797	94	19	shocks	shock	NOUN
ajeer-5797	94	20	on	on	ADP
ajeer-5797	94	21	the	the	DET
ajeer-5797	94	22	other	other	ADJ
ajeer-5797	94	23	.	.	PUNCT
ajeer-5797	95	1	comparing	compare	VERB
ajeer-5797	95	2	the	the	DET
ajeer-5797	95	3	fpi	fpi	PROPN
ajeer-5797	95	4	from	from	ADP
ajeer-5797	95	5	the	the	DET
ajeer-5797	95	6	aes	aes	PROPN
ajeer-5797	95	7	to	to	ADP
ajeer-5797	95	8	indonesia	indonesia	PROPN
ajeer-5797	95	9	,	,	PUNCT
ajeer-5797	95	10	the	the	DET
ajeer-5797	95	11	figure	figure	NOUN
ajeer-5797	95	12	on	on	ADP
ajeer-5797	95	13	the	the	DET
ajeer-5797	95	14	right	right	ADJ
ajeer-5797	95	15	-	-	PUNCT
ajeer-5797	95	16	hand	hand	NOUN
ajeer-5797	95	17	panel	panel	NOUN
ajeer-5797	95	18	indicates	indicate	VERB
ajeer-5797	95	19	that	that	SCONJ
ajeer-5797	95	20	the	the	DET
ajeer-5797	95	21	us	us	PROPN
ajeer-5797	95	22	has	have	VERB
ajeer-5797	95	23	the	the	DET
ajeer-5797	95	24	largest	large	ADJ
ajeer-5797	95	25	fpi	fpi	NOUN
ajeer-5797	95	26	,	,	PUNCT
ajeer-5797	95	27	followed	follow	VERB
ajeer-5797	95	28	by	by	ADP
ajeer-5797	95	29	the	the	DET
ajeer-5797	95	30	euro	euro	PROPN
ajeer-5797	95	31	area	area	NOUN
ajeer-5797	95	32	,	,	PUNCT
ajeer-5797	95	33	the	the	DET
ajeer-5797	95	34	uk	uk	PROPN
ajeer-5797	95	35	,	,	PUNCT
ajeer-5797	95	36	japan	japan	PROPN
ajeer-5797	95	37	,	,	PUNCT
ajeer-5797	95	38	and	and	CCONJ
ajeer-5797	95	39	canada	canada	PROPN
ajeer-5797	95	40	.	.	PUNCT
ajeer-5797	96	1	china	china	PROPN
ajeer-5797	96	2	,	,	PUNCT
ajeer-5797	96	3	italy	italy	PROPN
ajeer-5797	96	4	,	,	PUNCT
ajeer-5797	96	5	australia	australia	PROPN
ajeer-5797	96	6	,	,	PUNCT
ajeer-5797	96	7	and	and	CCONJ
ajeer-5797	96	8	france	france	PROPN
ajeer-5797	96	9	had	have	VERB
ajeer-5797	96	10	the	the	DET
ajeer-5797	96	11	least	least	ADJ
ajeer-5797	96	12	fpi	fpi	PROPN
ajeer-5797	96	13	in	in	ADP
ajeer-5797	96	14	indonesia	indonesia	PROPN
ajeer-5797	96	15	during	during	ADP
ajeer-5797	96	16	the	the	DET
ajeer-5797	96	17	period	period	NOUN
ajeer-5797	96	18	under	under	ADP
ajeer-5797	96	19	review	review	NOUN
ajeer-5797	96	20	.	.	PUNCT
ajeer-5797	97	1	this	this	PRON
ajeer-5797	97	2	justifies	justify	VERB
ajeer-5797	97	3	the	the	DET
ajeer-5797	97	4	us	us	PROPN
ajeer-5797	97	5	's	's	PART
ajeer-5797	97	6	decision	decision	NOUN
ajeer-5797	97	7	to	to	PART
ajeer-5797	97	8	conduct	conduct	VERB
ajeer-5797	97	9	this	this	DET
ajeer-5797	97	10	study	study	NOUN
ajeer-5797	97	11	.	.	PUNCT
ajeer-5797	98	1	figure1	figure1	PROPN
ajeer-5797	98	2	.	.	PUNCT
ajeer-5797	99	1	magnitude	magnitude	NOUN
ajeer-5797	99	2	of	of	ADP
ajeer-5797	99	3	portfolio	portfolio	NOUN
ajeer-5797	99	4	inflows	inflow	NOUN
ajeer-5797	99	5	from	from	ADP
ajeer-5797	99	6	aes	aes	PROPN
ajeer-5797	99	7	to	to	ADP
ajeer-5797	99	8	indonesia	indonesia	PROPN
ajeer-5797	99	9	2000	2000	NUM
ajeer-5797	99	10	-	-	SYM
ajeer-5797	99	11	2020	2020	NUM
ajeer-5797	99	12	.	.	PUNCT
ajeer-5797	100	1	source	source	NOUN
ajeer-5797	100	2	:	:	PUNCT
ajeer-5797	100	3	computed	compute	VERB
ajeer-5797	100	4	from	from	ADP
ajeer-5797	100	5	imf	imf	PROPN
ajeer-5797	100	6	consolidated	consolidated	PROPN
ajeer-5797	100	7	portfolio	portfolio	NOUN
ajeer-5797	100	8	investment	investment	NOUN
ajeer-5797	100	9	survey	survey	NOUN
ajeer-5797	100	10	.	.	PUNCT
ajeer-5797	101	1	figure	figure	NOUN
ajeer-5797	101	2	2	2	NUM
ajeer-5797	101	3	shows	show	VERB
ajeer-5797	101	4	that	that	SCONJ
ajeer-5797	101	5	portfolio	portfolio	NOUN
ajeer-5797	101	6	investment	investment	NOUN
ajeer-5797	101	7	flow	flow	NOUN
ajeer-5797	101	8	from	from	ADP
ajeer-5797	101	9	the	the	DET
ajeer-5797	101	10	us	us	PROPN
ajeer-5797	101	11	to	to	ADP
ajeer-5797	101	12	indonesia	indonesia	PROPN
ajeer-5797	101	13	has	have	AUX
ajeer-5797	101	14	increased	increase	VERB
ajeer-5797	101	15	substantially	substantially	ADV
ajeer-5797	101	16	over	over	ADP
ajeer-5797	101	17	the	the	DET
ajeer-5797	101	18	years	year	NOUN
ajeer-5797	101	19	.	.	PUNCT
ajeer-5797	102	1	however	however	ADV
ajeer-5797	102	2	,	,	PUNCT
ajeer-5797	102	3	the	the	DET
ajeer-5797	102	4	flows	flow	NOUN
ajeer-5797	102	5	featured	feature	VERB
ajeer-5797	102	6	occasional	occasional	ADJ
ajeer-5797	102	7	declines	decline	NOUN
ajeer-5797	102	8	,	,	PUNCT
ajeer-5797	102	9	depicting	depict	VERB
ajeer-5797	102	10	major	major	ADJ
ajeer-5797	102	11	events	event	NOUN
ajeer-5797	102	12	in	in	ADP
ajeer-5797	102	13	the	the	DET
ajeer-5797	102	14	us	us	PROPN
ajeer-5797	102	15	.	.	PUNCT
ajeer-5797	103	1	for	for	ADP
ajeer-5797	103	2	example	example	NOUN
ajeer-5797	103	3	,	,	PUNCT
ajeer-5797	103	4	we	we	PRON
ajeer-5797	103	5	can	can	AUX
ajeer-5797	103	6	see	see	VERB
ajeer-5797	103	7	a	a	DET
ajeer-5797	103	8	decline	decline	NOUN
ajeer-5797	103	9	in	in	ADP
ajeer-5797	103	10	us	us	PROPN
ajeer-5797	103	11	portfolio	portfolio	NOUN
ajeer-5797	103	12	flows	flow	NOUN
ajeer-5797	103	13	in	in	ADP
ajeer-5797	103	14	2008	2008	NUM
ajeer-5797	103	15	,	,	PUNCT
ajeer-5797	103	16	presumably	presumably	ADV
ajeer-5797	103	17	due	due	ADP
ajeer-5797	103	18	to	to	ADP
ajeer-5797	103	19	uncertainties	uncertainty	NOUN
ajeer-5797	103	20	surrounding	surround	VERB
ajeer-5797	103	21	the	the	DET
ajeer-5797	103	22	first	first	ADJ
ajeer-5797	103	23	round	round	NOUN
ajeer-5797	103	24	of	of	ADP
ajeer-5797	103	25	quantitative	quantitative	ADJ
ajeer-5797	103	26	easing	easing	NOUN
ajeer-5797	103	27	in	in	ADP
ajeer-5797	103	28	the	the	DET
ajeer-5797	103	29	us	us	PROPN
ajeer-5797	103	30	.	.	PUNCT
ajeer-5797	104	1	up	up	ADV
ajeer-5797	104	2	until	until	ADP
ajeer-5797	104	3	2013	2013	NUM
ajeer-5797	104	4	,	,	PUNCT
ajeer-5797	104	5	taper	taper	NOUN
ajeer-5797	104	6	tantrums	tantrum	NOUN
ajeer-5797	104	7	mainly	mainly	ADV
ajeer-5797	104	8	caused	cause	VERB
ajeer-5797	104	9	a	a	DET
ajeer-5797	104	10	decline	decline	NOUN
ajeer-5797	104	11	in	in	ADP
ajeer-5797	104	12	the	the	DET
ajeer-5797	104	13	flow	flow	NOUN
ajeer-5797	104	14	.	.	PUNCT
ajeer-5797	105	1	the	the	DET
ajeer-5797	105	2	flow	flow	NOUN
ajeer-5797	105	3	rose	rise	VERB
ajeer-5797	105	4	in	in	ADP
ajeer-5797	105	5	2014	2014	NUM
ajeer-5797	105	6	and	and	CCONJ
ajeer-5797	105	7	fell	fall	VERB
ajeer-5797	105	8	again	again	ADV
ajeer-5797	105	9	in	in	ADP
ajeer-5797	105	10	2015	2015	NUM
ajeer-5797	105	11	,	,	PUNCT
ajeer-5797	105	12	following	follow	VERB
ajeer-5797	105	13	a	a	DET
ajeer-5797	105	14	25	25	NUM
ajeer-5797	105	15	basis	basis	NOUN
ajeer-5797	105	16	point	point	NOUN
ajeer-5797	105	17	hike	hike	NOUN
ajeer-5797	105	18	in	in	ADP
ajeer-5797	105	19	the	the	DET
ajeer-5797	105	20	federal	federal	ADJ
ajeer-5797	105	21	fund	fund	NOUN
ajeer-5797	105	22	rate	rate	NOUN
ajeer-5797	105	23	for	for	ADP
ajeer-5797	105	24	the	the	DET
ajeer-5797	105	25	first	first	ADJ
ajeer-5797	105	26	time	time	NOUN
ajeer-5797	105	27	since	since	SCONJ
ajeer-5797	105	28	2008	2008	NUM
ajeer-5797	105	29	.	.	PUNCT
ajeer-5797	106	1	after	after	ADP
ajeer-5797	106	2	reaching	reach	VERB
ajeer-5797	106	3	its	its	PRON
ajeer-5797	106	4	peak	peak	NOUN
ajeer-5797	106	5	in	in	ADP
ajeer-5797	106	6	2017	2017	NUM
ajeer-5797	106	7	,	,	PUNCT
ajeer-5797	106	8	the	the	DET
ajeer-5797	106	9	flow	flow	NOUN
ajeer-5797	106	10	declined	decline	VERB
ajeer-5797	106	11	in	in	ADP
ajeer-5797	106	12	2018	2018	NUM
ajeer-5797	106	13	and	and	CCONJ
ajeer-5797	106	14	rose	rise	VERB
ajeer-5797	106	15	again	again	ADV
ajeer-5797	106	16	in	in	ADP
ajeer-5797	106	17	2019	2019	NUM
ajeer-5797	106	18	,	,	PUNCT
ajeer-5797	106	19	followed	follow	VERB
ajeer-5797	106	20	by	by	ADP
ajeer-5797	106	21	another	another	DET
ajeer-5797	106	22	decline	decline	NOUN
ajeer-5797	106	23	,	,	PUNCT
ajeer-5797	106	24	arguably	arguably	ADV
ajeer-5797	106	25	due	due	ADP
ajeer-5797	106	26	to	to	ADP
ajeer-5797	106	27	the	the	DET
ajeer-5797	106	28	great	great	ADJ
ajeer-5797	106	29	lockdown	lockdown	NOUN
ajeer-5797	106	30	in	in	ADP
ajeer-5797	106	31	2020	2020	NUM
ajeer-5797	106	32	.	.	PUNCT
ajeer-5797	107	1	figure	figure	NOUN
ajeer-5797	107	2	2	2	NUM
ajeer-5797	107	3	.	.	PUNCT
ajeer-5797	107	4	portfolio	portfolio	NOUN
ajeer-5797	107	5	investment	investment	NOUN
ajeer-5797	107	6	from	from	ADP
ajeer-5797	107	7	the	the	DET
ajeer-5797	107	8	us	us	PROPN
ajeer-5797	107	9	to	to	ADP
ajeer-5797	107	10	indonesia	indonesia	PROPN
ajeer-5797	107	11	.	.	PUNCT
ajeer-5797	108	1	source	source	NOUN
ajeer-5797	108	2	:	:	PUNCT
ajeer-5797	108	3	computed	compute	VERB
ajeer-5797	108	4	from	from	ADP
ajeer-5797	108	5	imf	imf	PROPN
ajeer-5797	108	6	consolidated	consolidated	PROPN
ajeer-5797	108	7	portfolio	portfolio	NOUN
ajeer-5797	108	8	investment	investment	NOUN
ajeer-5797	108	9	survey	survey	NOUN
ajeer-5797	108	10	.	.	PUNCT
ajeer-5797	109	1	asian	asian	ADJ
ajeer-5797	109	2	journal	journal	PROPN
ajeer-5797	109	3	of	of	ADP
ajeer-5797	109	4	economics	economic	NOUN
ajeer-5797	109	5	and	and	CCONJ
ajeer-5797	109	6	empirical	empirical	ADJ
ajeer-5797	109	7	research	research	NOUN
ajeer-5797	109	8	,	,	PUNCT
ajeer-5797	109	9	2024	2024	NUM
ajeer-5797	109	10	,	,	PUNCT
ajeer-5797	109	11	11(1	11(1	NUM
ajeer-5797	109	12	):	):	PUNCT
ajeer-5797	109	13	30	30	NUM
ajeer-5797	109	14	-	-	SYM
ajeer-5797	109	15	43	43	NUM
ajeer-5797	109	16	33	33	NUM
ajeer-5797	109	17	©	©	ADP
ajeer-5797	109	18	2024	2024	NUM
ajeer-5797	109	19	by	by	ADP
ajeer-5797	109	20	the	the	DET
ajeer-5797	109	21	authors	author	NOUN
ajeer-5797	109	22	;	;	PUNCT
ajeer-5797	109	23	licensee	licensee	PROPN
ajeer-5797	109	24	asian	asian	ADJ
ajeer-5797	109	25	online	online	PROPN
ajeer-5797	109	26	journal	journal	PROPN
ajeer-5797	109	27	publishing	publishing	NOUN
ajeer-5797	109	28	group	group	NOUN
ajeer-5797	109	29	figure	figure	NOUN
ajeer-5797	109	30	3	3	NUM
ajeer-5797	109	31	.	.	PUNCT
ajeer-5797	110	1	trade	trade	NOUN
ajeer-5797	110	2	between	between	ADP
ajeer-5797	110	3	the	the	DET
ajeer-5797	110	4	united	united	PROPN
ajeer-5797	110	5	states	states	PROPN
ajeer-5797	110	6	and	and	CCONJ
ajeer-5797	110	7	indonesia	indonesia	PROPN
ajeer-5797	110	8	2000	2000	NUM
ajeer-5797	110	9	-2020	-2020	PROPN
ajeer-5797	110	10	.	.	PUNCT
ajeer-5797	111	1	figure	figure	NOUN
ajeer-5797	111	2	3	3	NUM
ajeer-5797	111	3	also	also	ADV
ajeer-5797	111	4	shows	show	VERB
ajeer-5797	111	5	that	that	SCONJ
ajeer-5797	111	6	the	the	DET
ajeer-5797	111	7	trade	trade	NOUN
ajeer-5797	111	8	relationship	relationship	NOUN
ajeer-5797	111	9	(	(	PUNCT
ajeer-5797	111	10	measured	measure	VERB
ajeer-5797	111	11	in	in	ADP
ajeer-5797	111	12	terms	term	NOUN
ajeer-5797	111	13	of	of	ADP
ajeer-5797	111	14	exports	export	NOUN
ajeer-5797	111	15	and	and	CCONJ
ajeer-5797	111	16	imports	import	NOUN
ajeer-5797	111	17	)	)	PUNCT
ajeer-5797	111	18	between	between	ADP
ajeer-5797	111	19	the	the	DET
ajeer-5797	111	20	united	united	PROPN
ajeer-5797	111	21	states	states	PROPN
ajeer-5797	111	22	and	and	CCONJ
ajeer-5797	111	23	indonesia	indonesia	PROPN
ajeer-5797	111	24	increased	increase	VERB
ajeer-5797	111	25	on	on	ADP
ajeer-5797	111	26	average	average	ADJ
ajeer-5797	111	27	over	over	ADP
ajeer-5797	111	28	the	the	DET
ajeer-5797	111	29	years	year	NOUN
ajeer-5797	111	30	.	.	PUNCT
ajeer-5797	112	1	however	however	ADV
ajeer-5797	112	2	,	,	PUNCT
ajeer-5797	112	3	there	there	PRON
ajeer-5797	112	4	has	have	AUX
ajeer-5797	112	5	been	be	AUX
ajeer-5797	112	6	considerable	considerable	ADJ
ajeer-5797	112	7	fluctuation	fluctuation	NOUN
ajeer-5797	112	8	.	.	PUNCT
ajeer-5797	113	1	for	for	ADP
ajeer-5797	113	2	example	example	NOUN
ajeer-5797	113	3	,	,	PUNCT
ajeer-5797	113	4	the	the	DET
ajeer-5797	113	5	trade	trade	NOUN
ajeer-5797	113	6	value	value	NOUN
ajeer-5797	113	7	in	in	ADP
ajeer-5797	113	8	2009	2009	NUM
ajeer-5797	113	9	declined	decline	VERB
ajeer-5797	113	10	compared	compare	VERB
ajeer-5797	113	11	to	to	ADP
ajeer-5797	113	12	2008	2008	NUM
ajeer-5797	113	13	and	and	CCONJ
ajeer-5797	113	14	2010	2010	NUM
ajeer-5797	113	15	.	.	PUNCT
ajeer-5797	114	1	we	we	PRON
ajeer-5797	114	2	also	also	ADV
ajeer-5797	114	3	observed	observe	VERB
ajeer-5797	114	4	a	a	DET
ajeer-5797	114	5	similar	similar	ADJ
ajeer-5797	114	6	decline	decline	NOUN
ajeer-5797	114	7	in	in	ADP
ajeer-5797	114	8	2012	2012	NUM
ajeer-5797	114	9	and	and	CCONJ
ajeer-5797	114	10	2016	2016	NUM
ajeer-5797	114	11	.	.	PUNCT
ajeer-5797	115	1	the	the	DET
ajeer-5797	115	2	observed	observed	ADJ
ajeer-5797	115	3	trend	trend	NOUN
ajeer-5797	115	4	affected	affect	VERB
ajeer-5797	115	5	both	both	DET
ajeer-5797	115	6	import	import	NOUN
ajeer-5797	115	7	and	and	CCONJ
ajeer-5797	115	8	export	export	NOUN
ajeer-5797	115	9	volumes	volume	NOUN
ajeer-5797	115	10	.	.	PUNCT
ajeer-5797	116	1	2.2	2.2	NUM
ajeer-5797	116	2	.	.	PUNCT
ajeer-5797	117	1	shadow	shadow	NOUN
ajeer-5797	117	2	rate	rate	NOUN
ajeer-5797	117	3	as	as	ADP
ajeer-5797	117	4	a	a	DET
ajeer-5797	117	5	consistent	consistent	ADJ
ajeer-5797	117	6	measure	measure	NOUN
ajeer-5797	117	7	of	of	ADP
ajeer-5797	117	8	monetary	monetary	ADJ
ajeer-5797	117	9	policy	policy	NOUN
ajeer-5797	117	10	stance	stance	NOUN
ajeer-5797	117	11	figure	figure	NOUN
ajeer-5797	117	12	4	4	NUM
ajeer-5797	117	13	shows	show	VERB
ajeer-5797	117	14	the	the	DET
ajeer-5797	117	15	estimated	estimate	VERB
ajeer-5797	117	16	us	we	PRON
ajeer-5797	117	17	shadow	shadow	NOUN
ajeer-5797	117	18	rate	rate	NOUN
ajeer-5797	117	19	and	and	CCONJ
ajeer-5797	117	20	fed	feed	VERB
ajeer-5797	117	21	federal	federal	ADJ
ajeer-5797	117	22	fund	fund	NOUN
ajeer-5797	117	23	rate	rate	NOUN
ajeer-5797	117	24	(	(	PUNCT
ajeer-5797	117	25	fffr	fffr	NOUN
ajeer-5797	117	26	)	)	PUNCT
ajeer-5797	117	27	from	from	ADP
ajeer-5797	117	28	2000	2000	NUM
ajeer-5797	117	29	to	to	ADP
ajeer-5797	117	30	2020	2020	NUM
ajeer-5797	117	31	.	.	PUNCT
ajeer-5797	118	1	at	at	ADP
ajeer-5797	118	2	first	first	ADJ
ajeer-5797	118	3	glance	glance	NOUN
ajeer-5797	118	4	,	,	PUNCT
ajeer-5797	118	5	the	the	DET
ajeer-5797	118	6	shadow	shadow	NOUN
ajeer-5797	118	7	rate	rate	NOUN
ajeer-5797	118	8	closely	closely	ADV
ajeer-5797	118	9	resembles	resemble	VERB
ajeer-5797	118	10	the	the	DET
ajeer-5797	118	11	ffr	ffr	NOUN
ajeer-5797	118	12	during	during	ADP
ajeer-5797	118	13	the	the	DET
ajeer-5797	118	14	conventional	conventional	ADJ
ajeer-5797	118	15	monetary	monetary	ADJ
ajeer-5797	118	16	policy	policy	NOUN
ajeer-5797	118	17	era	era	NOUN
ajeer-5797	118	18	(	(	PUNCT
ajeer-5797	118	19	from	from	ADP
ajeer-5797	118	20	2000	2000	NUM
ajeer-5797	118	21	to	to	ADP
ajeer-5797	118	22	2008	2008	NUM
ajeer-5797	118	23	)	)	PUNCT
ajeer-5797	118	24	.	.	PUNCT
ajeer-5797	119	1	this	this	PRON
ajeer-5797	119	2	boosts	boost	VERB
ajeer-5797	119	3	our	our	PRON
ajeer-5797	119	4	confidence	confidence	NOUN
ajeer-5797	119	5	in	in	ADP
ajeer-5797	119	6	using	use	VERB
ajeer-5797	119	7	the	the	DET
ajeer-5797	119	8	shadow	shadow	NOUN
ajeer-5797	119	9	rate	rate	NOUN
ajeer-5797	119	10	to	to	PART
ajeer-5797	119	11	measure	measure	VERB
ajeer-5797	119	12	monetary	monetary	ADJ
ajeer-5797	119	13	policy	policy	NOUN
ajeer-5797	119	14	stances	stance	NOUN
ajeer-5797	119	15	.	.	PUNCT
ajeer-5797	120	1	furthermore	furthermore	ADV
ajeer-5797	120	2	,	,	PUNCT
ajeer-5797	120	3	between	between	ADP
ajeer-5797	120	4	2008	2008	NUM
ajeer-5797	120	5	and	and	CCONJ
ajeer-5797	120	6	2016	2016	NUM
ajeer-5797	120	7	,	,	PUNCT
ajeer-5797	120	8	it	it	PRON
ajeer-5797	120	9	can	can	AUX
ajeer-5797	120	10	be	be	AUX
ajeer-5797	120	11	observed	observe	VERB
ajeer-5797	120	12	that	that	SCONJ
ajeer-5797	120	13	while	while	SCONJ
ajeer-5797	120	14	the	the	DET
ajeer-5797	120	15	fffr	fffr	NOUN
ajeer-5797	120	16	remained	remain	VERB
ajeer-5797	120	17	at	at	ADP
ajeer-5797	120	18	zero	zero	NUM
ajeer-5797	120	19	,	,	PUNCT
ajeer-5797	120	20	suggesting	suggest	VERB
ajeer-5797	120	21	zero	zero	NUM
ajeer-5797	120	22	lower	lower	ADV
ajeer-5797	120	23	bound	bind	VERB
ajeer-5797	120	24	(	(	PUNCT
ajeer-5797	120	25	zlb	zlb	PROPN
ajeer-5797	120	26	)	)	PUNCT
ajeer-5797	120	27	,	,	PUNCT
ajeer-5797	120	28	the	the	DET
ajeer-5797	120	29	shadow	shadow	NOUN
ajeer-5797	120	30	rate	rate	NOUN
ajeer-5797	120	31	,	,	PUNCT
ajeer-5797	120	32	on	on	ADP
ajeer-5797	120	33	the	the	DET
ajeer-5797	120	34	other	other	ADJ
ajeer-5797	120	35	hand	hand	NOUN
ajeer-5797	120	36	,	,	PUNCT
ajeer-5797	120	37	turned	turn	VERB
ajeer-5797	120	38	negative	negative	ADJ
ajeer-5797	120	39	,	,	PUNCT
ajeer-5797	120	40	reflecting	reflect	VERB
ajeer-5797	120	41	the	the	DET
ajeer-5797	120	42	unconventional	unconventional	ADJ
ajeer-5797	120	43	monetary	monetary	ADJ
ajeer-5797	120	44	policy	policy	NOUN
ajeer-5797	120	45	(	(	PUNCT
ajeer-5797	120	46	ump	ump	NOUN
ajeer-5797	120	47	)	)	PUNCT
ajeer-5797	120	48	measures	measure	NOUN
ajeer-5797	120	49	implemented	implement	VERB
ajeer-5797	120	50	by	by	ADP
ajeer-5797	120	51	the	the	DET
ajeer-5797	120	52	us	us	PROPN
ajeer-5797	120	53	fed	feed	VERB
ajeer-5797	120	54	in	in	ADP
ajeer-5797	120	55	the	the	DET
ajeer-5797	120	56	wake	wake	NOUN
ajeer-5797	120	57	of	of	ADP
ajeer-5797	120	58	the	the	DET
ajeer-5797	120	59	global	global	ADJ
ajeer-5797	120	60	financial	financial	ADJ
ajeer-5797	120	61	crisis	crisis	NOUN
ajeer-5797	120	62	(	(	PUNCT
ajeer-5797	120	63	gfc	gfc	NOUN
ajeer-5797	120	64	)	)	PUNCT
ajeer-5797	120	65	.	.	PUNCT
ajeer-5797	121	1	the	the	DET
ajeer-5797	121	2	us	us	PROPN
ajeer-5797	121	3	fed	fed	PROPN
ajeer-5797	121	4	hiked	hike	VERB
ajeer-5797	121	5	the	the	DET
ajeer-5797	121	6	policy	policy	NOUN
ajeer-5797	121	7	rate	rate	NOUN
ajeer-5797	121	8	by	by	ADP
ajeer-5797	121	9	25	25	NUM
ajeer-5797	121	10	basis	basis	NOUN
ajeer-5797	121	11	points	point	NOUN
ajeer-5797	121	12	once	once	ADV
ajeer-5797	121	13	per	per	ADP
ajeer-5797	121	14	year	year	NOUN
ajeer-5797	121	15	after	after	SCONJ
ajeer-5797	121	16	it	it	PRON
ajeer-5797	121	17	remained	remain	VERB
ajeer-5797	121	18	at	at	ADP
ajeer-5797	121	19	zlb	zlb	PROPN
ajeer-5797	121	20	until	until	ADP
ajeer-5797	121	21	2015	2015	NUM
ajeer-5797	121	22	.	.	PUNCT
ajeer-5797	122	1	in	in	ADP
ajeer-5797	122	2	2017	2017	NUM
ajeer-5797	122	3	,	,	PUNCT
ajeer-5797	122	4	the	the	DET
ajeer-5797	122	5	fed	fed	PROPN
ajeer-5797	122	6	raised	raise	VERB
ajeer-5797	122	7	the	the	DET
ajeer-5797	122	8	rate	rate	NOUN
ajeer-5797	122	9	three	three	NUM
ajeer-5797	122	10	times	time	NOUN
ajeer-5797	122	11	,	,	PUNCT
ajeer-5797	122	12	and	and	CCONJ
ajeer-5797	122	13	in	in	ADP
ajeer-5797	122	14	2018	2018	NUM
ajeer-5797	122	15	,	,	PUNCT
ajeer-5797	122	16	the	the	DET
ajeer-5797	122	17	rate	rate	NOUN
ajeer-5797	122	18	was	be	AUX
ajeer-5797	122	19	raised	raise	VERB
ajeer-5797	122	20	four	four	NUM
ajeer-5797	122	21	times	time	NOUN
ajeer-5797	122	22	.	.	PUNCT
ajeer-5797	123	1	however	however	ADV
ajeer-5797	123	2	,	,	PUNCT
ajeer-5797	123	3	the	the	DET
ajeer-5797	123	4	covid-19	covid-19	PROPN
ajeer-5797	123	5	pandemic	pandemic	NOUN
ajeer-5797	123	6	forced	force	VERB
ajeer-5797	123	7	the	the	DET
ajeer-5797	123	8	fed	fed	PROPN
ajeer-5797	123	9	to	to	PART
ajeer-5797	123	10	cut	cut	VERB
ajeer-5797	123	11	the	the	DET
ajeer-5797	123	12	policy	policy	NOUN
ajeer-5797	123	13	rate	rate	NOUN
ajeer-5797	123	14	three	three	NUM
ajeer-5797	123	15	times	time	NOUN
ajeer-5797	123	16	in	in	ADP
ajeer-5797	123	17	2019	2019	NUM
ajeer-5797	123	18	to	to	PART
ajeer-5797	123	19	stimulate	stimulate	VERB
ajeer-5797	123	20	the	the	DET
ajeer-5797	123	21	economy	economy	NOUN
ajeer-5797	123	22	and	and	CCONJ
ajeer-5797	123	23	bring	bring	VERB
ajeer-5797	123	24	it	it	PRON
ajeer-5797	123	25	back	back	ADV
ajeer-5797	123	26	to	to	ADP
ajeer-5797	123	27	another	another	DET
ajeer-5797	123	28	round	round	NOUN
ajeer-5797	123	29	of	of	ADP
ajeer-5797	123	30	zlb	zlb	PROPN
ajeer-5797	123	31	.	.	PUNCT
ajeer-5797	124	1	we	we	PRON
ajeer-5797	124	2	can	can	AUX
ajeer-5797	124	3	describe	describe	VERB
ajeer-5797	124	4	this	this	DET
ajeer-5797	124	5	phase	phase	NOUN
ajeer-5797	124	6	as	as	ADP
ajeer-5797	124	7	the	the	DET
ajeer-5797	124	8	period	period	NOUN
ajeer-5797	124	9	of	of	ADP
ajeer-5797	124	10	policy	policy	NOUN
ajeer-5797	124	11	normalization	normalization	NOUN
ajeer-5797	124	12	,	,	PUNCT
ajeer-5797	124	13	where	where	SCONJ
ajeer-5797	124	14	we	we	PRON
ajeer-5797	124	15	adjusted	adjust	VERB
ajeer-5797	124	16	the	the	DET
ajeer-5797	124	17	policy	policy	NOUN
ajeer-5797	124	18	rate	rate	NOUN
ajeer-5797	124	19	in	in	ADP
ajeer-5797	124	20	response	response	NOUN
ajeer-5797	124	21	to	to	ADP
ajeer-5797	124	22	economic	economic	ADJ
ajeer-5797	124	23	dynamics	dynamic	NOUN
ajeer-5797	124	24	.	.	PUNCT
ajeer-5797	125	1	figure	figure	VERB
ajeer-5797	125	2	4	4	NUM
ajeer-5797	125	3	.	.	NOUN
ajeer-5797	126	1	trend	trend	NOUN
ajeer-5797	126	2	of	of	ADP
ajeer-5797	126	3	us	we	PRON
ajeer-5797	126	4	fed	fed	PROPN
ajeer-5797	126	5	-	-	PUNCT
ajeer-5797	126	6	shadow	shadow	NOUN
ajeer-5797	126	7	rate	rate	PROPN
ajeer-5797	126	8	&	&	CCONJ
ajeer-5797	126	9	federal	federal	ADJ
ajeer-5797	126	10	fund	fund	NOUN
ajeer-5797	126	11	rate	rate	NOUN
ajeer-5797	126	12	.	.	PUNCT
ajeer-5797	127	1	3	3	X
ajeer-5797	127	2	.	.	X
ajeer-5797	127	3	data	datum	NOUN
ajeer-5797	127	4	and	and	CCONJ
ajeer-5797	127	5	methodological	methodological	ADJ
ajeer-5797	127	6	framework	framework	NOUN
ajeer-5797	127	7	3.1	3.1	NUM
ajeer-5797	127	8	.	.	PUNCT
ajeer-5797	127	9	data	datum	NOUN
ajeer-5797	127	10	to	to	PART
ajeer-5797	127	11	identify	identify	VERB
ajeer-5797	127	12	us	we	PRON
ajeer-5797	127	13	monetary	monetary	ADJ
ajeer-5797	127	14	policy	policy	NOUN
ajeer-5797	127	15	shocks	shock	NOUN
ajeer-5797	127	16	,	,	PUNCT
ajeer-5797	127	17	we	we	PRON
ajeer-5797	127	18	utilized	utilize	VERB
ajeer-5797	127	19	quarterly	quarterly	ADJ
ajeer-5797	127	20	data	datum	NOUN
ajeer-5797	127	21	from	from	ADP
ajeer-5797	127	22	2000q1	2000q1	NUM
ajeer-5797	127	23	to	to	ADP
ajeer-5797	127	24	2020q4	2020q4	NUM
ajeer-5797	127	25	on	on	ADP
ajeer-5797	127	26	the	the	DET
ajeer-5797	127	27	industrial	industrial	ADJ
ajeer-5797	127	28	production	production	NOUN
ajeer-5797	127	29	index	index	NOUN
ajeer-5797	127	30	(	(	PUNCT
ajeer-5797	127	31	ipi	ipi	PROPN
ajeer-5797	127	32	)	)	PUNCT
ajeer-5797	127	33	,	,	PUNCT
ajeer-5797	127	34	consumer	consumer	NOUN
ajeer-5797	127	35	price	price	NOUN
ajeer-5797	127	36	index	index	NOUN
ajeer-5797	127	37	(	(	PUNCT
ajeer-5797	127	38	cpi	cpi	PROPN
ajeer-5797	127	39	)	)	PUNCT
ajeer-5797	127	40	,	,	PUNCT
ajeer-5797	127	41	and	and	CCONJ
ajeer-5797	127	42	us	we	PRON
ajeer-5797	127	43	shadow	shadow	NOUN
ajeer-5797	127	44	policy	policy	NOUN
ajeer-5797	127	45	rate	rate	NOUN
ajeer-5797	127	46	.	.	PUNCT
ajeer-5797	128	1	we	we	PRON
ajeer-5797	128	2	extracted	extract	VERB
ajeer-5797	128	3	the	the	DET
ajeer-5797	128	4	ipi	ipi	NOUN
ajeer-5797	128	5	and	and	CCONJ
ajeer-5797	128	6	cpi	cpi	PROPN
ajeer-5797	128	7	from	from	ADP
ajeer-5797	128	8	the	the	DET
ajeer-5797	128	9	international	international	ADJ
ajeer-5797	128	10	financial	financial	ADJ
ajeer-5797	128	11	statistics	statistic	NOUN
ajeer-5797	128	12	of	of	ADP
ajeer-5797	128	13	the	the	DET
ajeer-5797	128	14	international	international	ADJ
ajeer-5797	128	15	monetary	monetary	ADJ
ajeer-5797	128	16	fund	fund	NOUN
ajeer-5797	128	17	(	(	PUNCT
ajeer-5797	128	18	imf	imf	PROPN
ajeer-5797	128	19	)	)	PUNCT
ajeer-5797	128	20	and	and	CCONJ
ajeer-5797	128	21	used	use	VERB
ajeer-5797	128	22	alternative	alternative	ADJ
ajeer-5797	128	23	variables	variable	NOUN
ajeer-5797	128	24	.	.	PUNCT
ajeer-5797	129	1	namely	namely	ADV
ajeer-5797	129	2	,	,	PUNCT
ajeer-5797	129	3	real	real	ADJ
ajeer-5797	129	4	gross	gross	ADJ
ajeer-5797	129	5	domestic	domestic	ADJ
ajeer-5797	129	6	product	product	NOUN
ajeer-5797	129	7	(	(	PUNCT
ajeer-5797	129	8	rgdp	rgdp	NOUN
ajeer-5797	129	9	)	)	PUNCT
ajeer-5797	129	10	,	,	PUNCT
ajeer-5797	129	11	gdp	gdp	NOUN
ajeer-5797	129	12	deflator	deflator	NOUN
ajeer-5797	129	13	,	,	PUNCT
ajeer-5797	129	14	and	and	CCONJ
ajeer-5797	129	15	effective	effective	ADJ
ajeer-5797	129	16	federal	federal	ADJ
ajeer-5797	129	17	fund	fund	NOUN
ajeer-5797	129	18	rate	rate	NOUN
ajeer-5797	129	19	(	(	PUNCT
ajeer-5797	129	20	ffr	ffr	VERB
ajeer-5797	129	21	)	)	PUNCT
ajeer-5797	129	22	were	be	AUX
ajeer-5797	129	23	obtained	obtain	VERB
ajeer-5797	129	24	asian	asian	ADJ
ajeer-5797	129	25	journal	journal	NOUN
ajeer-5797	129	26	of	of	ADP
ajeer-5797	129	27	economics	economic	NOUN
ajeer-5797	129	28	and	and	CCONJ
ajeer-5797	129	29	empirical	empirical	ADJ
ajeer-5797	129	30	research	research	NOUN
ajeer-5797	129	31	,	,	PUNCT
ajeer-5797	129	32	2024	2024	NUM
ajeer-5797	129	33	,	,	PUNCT
ajeer-5797	129	34	11(1	11(1	NUM
ajeer-5797	129	35	):	):	PUNCT
ajeer-5797	129	36	30	30	NUM
ajeer-5797	129	37	-	-	SYM
ajeer-5797	129	38	43	43	NUM
ajeer-5797	129	39	34	34	NUM
ajeer-5797	129	40	©	©	ADP
ajeer-5797	129	41	2024	2024	NUM
ajeer-5797	129	42	by	by	ADP
ajeer-5797	129	43	the	the	DET
ajeer-5797	129	44	authors	author	NOUN
ajeer-5797	129	45	;	;	PUNCT
ajeer-5797	129	46	licensee	licensee	PROPN
ajeer-5797	129	47	asian	asian	ADJ
ajeer-5797	129	48	online	online	PROPN
ajeer-5797	129	49	journal	journal	PROPN
ajeer-5797	129	50	publishing	publishing	NOUN
ajeer-5797	129	51	group	group	NOUN
ajeer-5797	129	52	from	from	ADP
ajeer-5797	129	53	the	the	DET
ajeer-5797	129	54	federal	federal	PROPN
ajeer-5797	129	55	reserve	reserve	PROPN
ajeer-5797	129	56	bank	bank	PROPN
ajeer-5797	129	57	of	of	ADP
ajeer-5797	129	58	st	st	PROPN
ajeer-5797	129	59	.	.	PROPN
ajeer-5797	129	60	louis	louis	PROPN
ajeer-5797	129	61	(	(	PUNCT
ajeer-5797	129	62	fred	fred	PROPN
ajeer-5797	129	63	)	)	PUNCT
ajeer-5797	129	64	.	.	PUNCT
ajeer-5797	130	1	we	we	PRON
ajeer-5797	130	2	take	take	VERB
ajeer-5797	130	3	the	the	DET
ajeer-5797	130	4	shadow	shadow	NOUN
ajeer-5797	130	5	rate	rate	NOUN
ajeer-5797	130	6	provided	provide	VERB
ajeer-5797	130	7	by	by	ADP
ajeer-5797	130	8	krippner	krippner	NOUN
ajeer-5797	130	9	(	(	PUNCT
ajeer-5797	130	10	2020	2020	NUM
ajeer-5797	130	11	)	)	PUNCT
ajeer-5797	130	12	as	as	ADP
ajeer-5797	130	13	our	our	PRON
ajeer-5797	130	14	measure	measure	NOUN
ajeer-5797	130	15	of	of	ADP
ajeer-5797	130	16	monetary	monetary	ADJ
ajeer-5797	130	17	policy	policy	NOUN
ajeer-5797	130	18	to	to	PART
ajeer-5797	130	19	account	account	VERB
ajeer-5797	130	20	for	for	ADP
ajeer-5797	130	21	zlb	zlb	PROPN
ajeer-5797	130	22	and	and	CCONJ
ajeer-5797	130	23	the	the	DET
ajeer-5797	130	24	entire	entire	ADJ
ajeer-5797	130	25	stimulus	stimulus	NOUN
ajeer-5797	130	26	occasioned	occasion	VERB
ajeer-5797	130	27	by	by	ADP
ajeer-5797	130	28	ump	ump	NOUN
ajeer-5797	130	29	implemented	implement	VERB
ajeer-5797	130	30	in	in	ADP
ajeer-5797	130	31	the	the	DET
ajeer-5797	130	32	wake	wake	NOUN
ajeer-5797	130	33	of	of	ADP
ajeer-5797	130	34	gfc	gfc	NOUN
ajeer-5797	130	35	.	.	PUNCT
ajeer-5797	131	1	to	to	PART
ajeer-5797	131	2	conduct	conduct	VERB
ajeer-5797	131	3	our	our	PRON
ajeer-5797	131	4	empirical	empirical	ADJ
ajeer-5797	131	5	analysis	analysis	NOUN
ajeer-5797	131	6	,	,	PUNCT
ajeer-5797	131	7	we	we	PRON
ajeer-5797	131	8	utilized	utilize	VERB
ajeer-5797	131	9	quarterly	quarterly	ADJ
ajeer-5797	131	10	data	datum	NOUN
ajeer-5797	131	11	from	from	ADP
ajeer-5797	131	12	2000q1	2000q1	NUM
ajeer-5797	131	13	to	to	ADP
ajeer-5797	131	14	2020q4	2020q4	NUM
ajeer-5797	131	15	for	for	SCONJ
ajeer-5797	131	16	the	the	DET
ajeer-5797	131	17	indonesian	indonesian	ADJ
ajeer-5797	131	18	economy	economy	NOUN
ajeer-5797	131	19	to	to	PART
ajeer-5797	131	20	examine	examine	VERB
ajeer-5797	131	21	the	the	DET
ajeer-5797	131	22	spillover	spillover	NOUN
ajeer-5797	131	23	effects	effect	NOUN
ajeer-5797	131	24	of	of	ADP
ajeer-5797	131	25	us	we	PRON
ajeer-5797	131	26	monetary	monetary	ADJ
ajeer-5797	131	27	policy	policy	NOUN
ajeer-5797	131	28	shocks	shock	NOUN
ajeer-5797	131	29	.	.	PUNCT
ajeer-5797	132	1	the	the	DET
ajeer-5797	132	2	dataset	dataset	NOUN
ajeer-5797	132	3	used	use	VERB
ajeer-5797	132	4	for	for	ADP
ajeer-5797	132	5	this	this	DET
ajeer-5797	132	6	purpose	purpose	NOUN
ajeer-5797	132	7	consists	consist	VERB
ajeer-5797	132	8	of	of	ADP
ajeer-5797	132	9	indonesia	indonesia	PROPN
ajeer-5797	132	10	's	's	PART
ajeer-5797	132	11	rgdp	rgdp	PROPN
ajeer-5797	132	12	,	,	PUNCT
ajeer-5797	132	13	cpi	cpi	PROPN
ajeer-5797	132	14	,	,	PUNCT
ajeer-5797	132	15	bilateral	bilateral	ADJ
ajeer-5797	132	16	exchange	exchange	NOUN
ajeer-5797	132	17	rate	rate	NOUN
ajeer-5797	132	18	,	,	PUNCT
ajeer-5797	132	19	stock	stock	NOUN
ajeer-5797	132	20	market	market	NOUN
ajeer-5797	132	21	index	index	NOUN
ajeer-5797	132	22	,	,	PUNCT
ajeer-5797	132	23	and	and	CCONJ
ajeer-5797	132	24	short	short	ADJ
ajeer-5797	132	25	-	-	PUNCT
ajeer-5797	132	26	term	term	NOUN
ajeer-5797	132	27	monetary	monetary	ADJ
ajeer-5797	132	28	policy	policy	NOUN
ajeer-5797	132	29	rate	rate	NOUN
ajeer-5797	132	30	(	(	PUNCT
ajeer-5797	132	31	mpr	mpr	NOUN
ajeer-5797	132	32	)	)	PUNCT
ajeer-5797	132	33	.	.	PUNCT
ajeer-5797	133	1	the	the	DET
ajeer-5797	133	2	alternative	alternative	ADJ
ajeer-5797	133	3	variables	variable	NOUN
ajeer-5797	133	4	used	use	VERB
ajeer-5797	133	5	were	be	AUX
ajeer-5797	133	6	the	the	DET
ajeer-5797	133	7	3	3	NUM
ajeer-5797	133	8	-	-	PUNCT
ajeer-5797	133	9	monthly	monthly	ADJ
ajeer-5797	133	10	inter	inter	ADJ
ajeer-5797	133	11	-	-	ADJ
ajeer-5797	133	12	bank	bank	ADJ
ajeer-5797	133	13	rate	rate	NOUN
ajeer-5797	133	14	,	,	PUNCT
ajeer-5797	133	15	ipi	ipi	PROPN
ajeer-5797	133	16	,	,	PUNCT
ajeer-5797	133	17	and	and	CCONJ
ajeer-5797	133	18	gdp	gdp	PROPN
ajeer-5797	133	19	deflator	deflator	NOUN
ajeer-5797	133	20	.	.	PUNCT
ajeer-5797	134	1	we	we	PRON
ajeer-5797	134	2	obtained	obtain	VERB
ajeer-5797	134	3	the	the	DET
ajeer-5797	134	4	data	datum	NOUN
ajeer-5797	134	5	from	from	ADP
ajeer-5797	134	6	the	the	DET
ajeer-5797	134	7	international	international	ADJ
ajeer-5797	134	8	financial	financial	ADJ
ajeer-5797	134	9	statistics	statistic	NOUN
ajeer-5797	134	10	of	of	ADP
ajeer-5797	134	11	the	the	DET
ajeer-5797	134	12	imf	imf	PROPN
ajeer-5797	134	13	,	,	PUNCT
ajeer-5797	134	14	fred	fred	NOUN
ajeer-5797	134	15	,	,	PUNCT
ajeer-5797	134	16	and	and	CCONJ
ajeer-5797	134	17	bank	bank	PROPN
ajeer-5797	134	18	indonesia	indonesia	PROPN
ajeer-5797	134	19	databases	database	NOUN
ajeer-5797	134	20	.	.	PUNCT
ajeer-5797	135	1	rgdp	rgdp	PROPN
ajeer-5797	135	2	,	,	PUNCT
ajeer-5797	135	3	ipi	ipi	PROPN
ajeer-5797	135	4	,	,	PUNCT
ajeer-5797	135	5	cpi	cpi	PROPN
ajeer-5797	135	6	,	,	PUNCT
ajeer-5797	135	7	and	and	CCONJ
ajeer-5797	135	8	stock	stock	NOUN
ajeer-5797	135	9	market	market	NOUN
ajeer-5797	135	10	index	index	NOUN
ajeer-5797	135	11	were	be	AUX
ajeer-5797	135	12	transformed	transform	VERB
ajeer-5797	135	13	to	to	ADP
ajeer-5797	135	14	their	their	PRON
ajeer-5797	135	15	respective	respective	ADJ
ajeer-5797	135	16	growth	growth	NOUN
ajeer-5797	135	17	rates	rate	NOUN
ajeer-5797	135	18	,	,	PUNCT
ajeer-5797	135	19	computed	compute	VERB
ajeer-5797	135	20	as	as	ADP
ajeer-5797	135	21	100*log	100*log	NUM
ajeer-5797	135	22	(	(	PUNCT
ajeer-5797	135	23	series	series	PROPN
ajeer-5797	135	24	/	/	SYM
ajeer-5797	135	25	series	series	PROPN
ajeer-5797	135	26	(	(	PUNCT
ajeer-5797	135	27	-1	-1	ADJ
ajeer-5797	135	28	)	)	PUNCT
ajeer-5797	135	29	.	.	PUNCT
ajeer-5797	136	1	the	the	DET
ajeer-5797	136	2	global	global	ADJ
ajeer-5797	136	3	oil	oil	NOUN
ajeer-5797	136	4	price	price	NOUN
ajeer-5797	136	5	obtained	obtain	VERB
ajeer-5797	136	6	from	from	ADP
ajeer-5797	136	7	the	the	DET
ajeer-5797	136	8	fred	fred	PROPN
ajeer-5797	136	9	database	database	NOUN
ajeer-5797	136	10	is	be	AUX
ajeer-5797	136	11	used	use	VERB
ajeer-5797	136	12	in	in	ADP
ajeer-5797	136	13	this	this	DET
ajeer-5797	136	14	study	study	NOUN
ajeer-5797	136	15	to	to	PART
ajeer-5797	136	16	control	control	VERB
ajeer-5797	136	17	for	for	ADP
ajeer-5797	136	18	global	global	ADJ
ajeer-5797	136	19	factor	factor	NOUN
ajeer-5797	136	20	.	.	PUNCT
ajeer-5797	137	1	3.2	3.2	NUM
ajeer-5797	137	2	.	.	PUNCT
ajeer-5797	138	1	methodological	methodological	ADJ
ajeer-5797	138	2	framework	framework	NOUN
ajeer-5797	138	3	the	the	DET
ajeer-5797	138	4	current	current	ADJ
ajeer-5797	138	5	study	study	NOUN
ajeer-5797	138	6	builds	build	VERB
ajeer-5797	138	7	on	on	ADP
ajeer-5797	138	8	the	the	DET
ajeer-5797	138	9	work	work	NOUN
ajeer-5797	138	10	of	of	ADP
ajeer-5797	138	11	salisu	salisu	NOUN
ajeer-5797	138	12	and	and	CCONJ
ajeer-5797	138	13	gupta	gupta	PROPN
ajeer-5797	138	14	(	(	PUNCT
ajeer-5797	138	15	2021	2021	NUM
ajeer-5797	138	16	)	)	PUNCT
ajeer-5797	138	17	and	and	CCONJ
ajeer-5797	138	18	mumtaz	mumtaz	PROPN
ajeer-5797	138	19	and	and	CCONJ
ajeer-5797	138	20	theodoridis	theodoridis	PROPN
ajeer-5797	138	21	(	(	PUNCT
ajeer-5797	138	22	2020	2020	NUM
ajeer-5797	138	23	)	)	PUNCT
ajeer-5797	138	24	by	by	ADP
ajeer-5797	138	25	estimating	estimate	VERB
ajeer-5797	138	26	a	a	DET
ajeer-5797	138	27	structural	structural	ADJ
ajeer-5797	138	28	vector	vector	ADJ
ajeer-5797	138	29	-	-	ADJ
ajeer-5797	138	30	autoregressive	autoregressive	ADJ
ajeer-5797	138	31	model	model	NOUN
ajeer-5797	138	32	with	with	ADP
ajeer-5797	138	33	time	time	NOUN
ajeer-5797	138	34	-	-	PUNCT
ajeer-5797	138	35	varying	vary	VERB
ajeer-5797	138	36	parameters	parameter	NOUN
ajeer-5797	138	37	and	and	CCONJ
ajeer-5797	138	38	stochastic	stochastic	ADJ
ajeer-5797	138	39	volatility	volatility	NOUN
ajeer-5797	138	40	(	(	PUNCT
ajeer-5797	138	41	tvpsvar	tvpsvar	NOUN
ajeer-5797	138	42	-	-	PUNCT
ajeer-5797	138	43	sv	sv	PROPN
ajeer-5797	138	44	model	model	PROPN
ajeer-5797	138	45	)	)	PUNCT
ajeer-5797	138	46	to	to	PART
ajeer-5797	138	47	show	show	VERB
ajeer-5797	138	48	how	how	SCONJ
ajeer-5797	138	49	monetary	monetary	ADJ
ajeer-5797	138	50	policy	policy	NOUN
ajeer-5797	138	51	changes	change	NOUN
ajeer-5797	138	52	in	in	ADP
ajeer-5797	138	53	the	the	DET
ajeer-5797	138	54	us	us	PROPN
ajeer-5797	138	55	affect	affect	VERB
ajeer-5797	138	56	the	the	DET
ajeer-5797	138	57	indonesian	indonesian	ADJ
ajeer-5797	138	58	economy	economy	NOUN
ajeer-5797	138	59	.	.	PUNCT
ajeer-5797	139	1	the	the	DET
ajeer-5797	139	2	behavioral	behavioral	ADJ
ajeer-5797	139	3	model	model	NOUN
ajeer-5797	139	4	is	be	AUX
ajeer-5797	139	5	of	of	ADP
ajeer-5797	139	6	the	the	DET
ajeer-5797	139	7	following	follow	VERB
ajeer-5797	139	8	form	form	NOUN
ajeer-5797	139	9	:	:	PUNCT
ajeer-5797	139	10	𝑦𝑖𝑡	𝑦𝑖𝑡	NOUN
ajeer-5797	139	11	=	=	SYM
ajeer-5797	139	12	𝑎0,𝑖𝑡	𝑎0,𝑖𝑡	ADJ
ajeer-5797	139	13	+	+	CCONJ
ajeer-5797	139	14	∑𝛽𝑖,𝑡	∑𝛽𝑖,𝑡	PROPN
ajeer-5797	139	15	𝑝	𝑝	NOUN
ajeer-5797	139	16	𝑘=1	𝑘=1	NOUN
ajeer-5797	139	17	𝑦𝑡−𝑘	𝑦𝑡−𝑘	NOUN
ajeer-5797	139	18	+	+	CCONJ
ajeer-5797	139	19	∑γ𝑖,ℓ	∑γ𝑖,ℓ	PROPN
ajeer-5797	139	20	𝑃∗	𝑃∗	ADJ
ajeer-5797	139	21	ℓ=0	ℓ=0	NOUN
ajeer-5797	139	22	𝜒𝑖,𝑡−ℓ	𝜒𝑖,𝑡−ℓ	X
ajeer-5797	139	23	+	+	CCONJ
ajeer-5797	139	24	∑φ𝑖ℓ	∑φ𝑖ℓ	NUM
ajeer-5797	139	25	𝑞	𝑞	X
ajeer-5797	139	26	ℓ=0	ℓ=0	X
ajeer-5797	139	27	ℎ̃𝑡−ℓ	ℎ̃𝑡−ℓ	PROPN
ajeer-5797	139	28	+	+	CCONJ
ajeer-5797	139	29	ω𝑖𝑡	ω𝑖𝑡	NOUN
ajeer-5797	139	30	1/2	1/2	NUM
ajeer-5797	139	31	𝑒𝑖𝑡	𝑒𝑖𝑡	NOUN
ajeer-5797	139	32	,	,	PUNCT
ajeer-5797	139	33	e𝑖𝑡	e𝑖𝑡	VERB
ajeer-5797	139	34	↔	↔	PROPN
ajeer-5797	139	35	𝑁(0,1	𝑁(0,1	NOUN
ajeer-5797	139	36	)	)	PUNCT
ajeer-5797	139	37	,	,	PUNCT
ajeer-5797	139	38	(	(	PUNCT
ajeer-5797	139	39	1	1	X
ajeer-5797	139	40	)	)	PUNCT
ajeer-5797	139	41	where	where	SCONJ
ajeer-5797	139	42	the	the	DET
ajeer-5797	139	43	vectors	vector	NOUN
ajeer-5797	139	44	of	of	ADP
ajeer-5797	139	45	endogenous	endogenous	ADJ
ajeer-5797	139	46	variables	variable	NOUN
ajeer-5797	139	47	for	for	ADP
ajeer-5797	139	48	the	the	DET
ajeer-5797	139	49	indonesia	indonesia	PROPN
ajeer-5797	139	50	economy	economy	NOUN
ajeer-5797	139	51	in	in	ADP
ajeer-5797	139	52	period	period	NOUN
ajeer-5797	139	53	t	t	NOUN
ajeer-5797	139	54	are	be	AUX
ajeer-5797	139	55	given	give	VERB
ajeer-5797	139	56	by	by	ADP
ajeer-5797	139	57	𝑦𝑖,𝑡	𝑦𝑖,𝑡	PUNCT
ajeer-5797	139	58	=	=	NOUN
ajeer-5797	139	59	(	(	PUNCT
ajeer-5797	139	60	𝑅𝑒	𝑅𝑒	VERB
ajeer-5797	139	61	𝑎	𝑎	NUM
ajeer-5797	139	62	𝑙	𝑙	PRON
ajeer-5797	139	63	𝐺𝐷𝑃𝑡	𝐺𝐷𝑃𝑡	NOUN
ajeer-5797	139	64	,	,	PUNCT
ajeer-5797	139	65	inf𝑡	inf𝑡	NOUN
ajeer-5797	139	66	,	,	PUNCT
ajeer-5797	139	67	mpr𝑡	mpr𝑡	NOUN
ajeer-5797	139	68	,	,	PUNCT
ajeer-5797	139	69	smr𝑡	smr𝑡	NOUN
ajeer-5797	139	70	,	,	PUNCT
ajeer-5797	139	71	exr𝑡	exr𝑡	ADJ
ajeer-5797	139	72	)	)	PUNCT
ajeer-5797	139	73	(	(	PUNCT
ajeer-5797	139	74	1.1	1.1	NUM
ajeer-5797	139	75	)	)	PUNCT
ajeer-5797	139	76	similarly	similarly	ADV
ajeer-5797	139	77	,	,	PUNCT
ajeer-5797	139	78	𝑋𝑖𝑡is	𝑋𝑖𝑡is	PROPN
ajeer-5797	139	79	a	a	DET
ajeer-5797	139	80	vector	vector	NOUN
ajeer-5797	139	81	of	of	ADP
ajeer-5797	139	82	weekly	weekly	ADJ
ajeer-5797	139	83	exogenous	exogenous	ADJ
ajeer-5797	139	84	variables	variable	NOUN
ajeer-5797	139	85	,	,	PUNCT
ajeer-5797	139	86	in	in	ADP
ajeer-5797	139	87	this	this	DET
ajeer-5797	139	88	case	case	NOUN
ajeer-5797	139	89	,	,	PUNCT
ajeer-5797	139	90	us	we	PRON
ajeer-5797	139	91	monetary	monetary	ADJ
ajeer-5797	139	92	policy	policy	NOUN
ajeer-5797	139	93	shock	shock	NOUN
ajeer-5797	139	94	and	and	CCONJ
ajeer-5797	139	95	global	global	ADJ
ajeer-5797	139	96	oil	oil	NOUN
ajeer-5797	139	97	prices	price	NOUN
ajeer-5797	139	98	as	as	ADP
ajeer-5797	139	99	a	a	DET
ajeer-5797	139	100	measure	measure	NOUN
ajeer-5797	139	101	of	of	ADP
ajeer-5797	139	102	us	we	PRON
ajeer-5797	139	103	monetary	monetary	ADJ
ajeer-5797	139	104	policy	policy	NOUN
ajeer-5797	139	105	spillover	spillover	VERB
ajeer-5797	139	106	and	and	CCONJ
ajeer-5797	139	107	global	global	ADJ
ajeer-5797	139	108	factor	factor	NOUN
ajeer-5797	139	109	respectively	respectively	ADV
ajeer-5797	139	110	.	.	PUNCT
ajeer-5797	139	111	x𝑖,𝑡	x𝑖,𝑡	PUNCT
ajeer-5797	140	1	=	=	PUNCT
ajeer-5797	140	2	(	(	PUNCT
ajeer-5797	140	3	𝑀𝑃𝑅𝑡	𝑀𝑃𝑅𝑡	NOUN
ajeer-5797	140	4	𝑈𝑆	𝑈𝑆	PROPN
ajeer-5797	140	5	,	,	PUNCT
ajeer-5797	140	6	𝑂𝑖𝑙𝑃𝑡	𝑂𝑖𝑙𝑃𝑡	PROPN
ajeer-5797	140	7	𝑈𝑆	𝑈𝑆	PROPN
ajeer-5797	140	8	)	)	PUNCT
ajeer-5797	140	9	(	(	PUNCT
ajeer-5797	140	10	1.2	1.2	NUM
ajeer-5797	140	11	)	)	PUNCT
ajeer-5797	140	12	in	in	ADP
ajeer-5797	140	13	equation	equation	NOUN
ajeer-5797	140	14	1	1	NUM
ajeer-5797	140	15	𝛼0,𝑖𝑡denotes	𝛼0,𝑖𝑡denote	NOUN
ajeer-5797	140	16	intercepts	intercept	NOUN
ajeer-5797	140	17	and	and	CCONJ
ajeer-5797	140	18	a	a	DET
ajeer-5797	140	19	vector	vector	NOUN
ajeer-5797	140	20	of	of	ADP
ajeer-5797	140	21	time	time	NOUN
ajeer-5797	140	22	-	-	PUNCT
ajeer-5797	140	23	varying	vary	VERB
ajeer-5797	140	24	coefficients	coefficient	NOUN
ajeer-5797	140	25	of	of	ADP
ajeer-5797	140	26	constants	constant	NOUN
ajeer-5797	140	27	for	for	ADP
ajeer-5797	140	28	each	each	DET
ajeer-5797	140	29	i,𝑦𝑖𝑡	i,𝑦𝑖𝑡	NOUN
ajeer-5797	140	30	which	which	PRON
ajeer-5797	140	31	denotes	denote	VERB
ajeer-5797	140	32	a	a	DET
ajeer-5797	140	33	vector	vector	NOUN
ajeer-5797	140	34	of	of	ADP
ajeer-5797	140	35	indonesia	indonesia	PROPN
ajeer-5797	140	36	’s	’s	PART
ajeer-5797	140	37	endogenous	endogenous	ADJ
ajeer-5797	140	38	variables	variable	NOUN
ajeer-5797	140	39	used	use	VERB
ajeer-5797	140	40	in	in	ADP
ajeer-5797	140	41	this	this	DET
ajeer-5797	140	42	study	study	NOUN
ajeer-5797	140	43	.	.	PUNCT
ajeer-5797	141	1	this	this	PRON
ajeer-5797	141	2	comprises	comprise	VERB
ajeer-5797	141	3	both	both	CCONJ
ajeer-5797	141	4	macroeconomic	macroeconomic	ADJ
ajeer-5797	141	5	and	and	CCONJ
ajeer-5797	141	6	financial	financial	ADJ
ajeer-5797	141	7	variables	variable	NOUN
ajeer-5797	141	8	of	of	ADP
ajeer-5797	141	9	interest	interest	NOUN
ajeer-5797	141	10	defined	define	VERB
ajeer-5797	141	11	as	as	ADP
ajeer-5797	141	12	real	real	ADJ
ajeer-5797	141	13	gross	gross	ADJ
ajeer-5797	141	14	domestic	domestic	ADJ
ajeer-5797	141	15	product	product	NOUN
ajeer-5797	141	16	(	(	PUNCT
ajeer-5797	141	17	rgdp	rgdp	NOUN
ajeer-5797	141	18	)	)	PUNCT
ajeer-5797	141	19	,	,	PUNCT
ajeer-5797	141	20	domestic	domestic	ADJ
ajeer-5797	141	21	cpi	cpi	PROPN
ajeer-5797	141	22	inflation	inflation	NOUN
ajeer-5797	141	23	(	(	PUNCT
ajeer-5797	141	24	inf	inf	NOUN
ajeer-5797	141	25	)	)	PUNCT
ajeer-5797	141	26	,	,	PUNCT
ajeer-5797	141	27	domestic	domestic	ADJ
ajeer-5797	141	28	monetary	monetary	ADJ
ajeer-5797	141	29	policy	policy	NOUN
ajeer-5797	141	30	rate	rate	NOUN
ajeer-5797	141	31	(	(	PUNCT
ajeer-5797	141	32	mpr	mpr	NOUN
ajeer-5797	141	33	)	)	PUNCT
ajeer-5797	141	34	,	,	PUNCT
ajeer-5797	141	35	stock	stock	NOUN
ajeer-5797	141	36	market	market	NOUN
ajeer-5797	141	37	returns	return	NOUN
ajeer-5797	141	38	(	(	PUNCT
ajeer-5797	141	39	smr	smr	NOUN
ajeer-5797	141	40	)	)	PUNCT
ajeer-5797	141	41	,	,	PUNCT
ajeer-5797	141	42	and	and	CCONJ
ajeer-5797	141	43	exchange	exchange	NOUN
ajeer-5797	141	44	rate	rate	NOUN
ajeer-5797	141	45	(	(	PUNCT
ajeer-5797	141	46	exr	exr	PROPN
ajeer-5797	141	47	)	)	PUNCT
ajeer-5797	141	48	.	.	PUNCT
ajeer-5797	142	1	xit	xit	PROPN
ajeer-5797	142	2	represents	represent	VERB
ajeer-5797	142	3	the	the	DET
ajeer-5797	142	4	vector	vector	NOUN
ajeer-5797	142	5	of	of	ADP
ajeer-5797	142	6	exogenous	exogenous	ADJ
ajeer-5797	142	7	variables	variable	NOUN
ajeer-5797	142	8	that	that	PRON
ajeer-5797	142	9	control	control	NOUN
ajeer-5797	142	10	for	for	ADP
ajeer-5797	142	11	external	external	ADJ
ajeer-5797	142	12	shocks	shock	NOUN
ajeer-5797	142	13	(	(	PUNCT
ajeer-5797	142	14	us	us	PROPN
ajeer-5797	142	15	monetary	monetary	ADJ
ajeer-5797	142	16	policy	policy	NOUN
ajeer-5797	142	17	spillover	spillover	VERB
ajeer-5797	142	18	and	and	CCONJ
ajeer-5797	142	19	global	global	ADJ
ajeer-5797	142	20	oil	oil	NOUN
ajeer-5797	142	21	prices	price	NOUN
ajeer-5797	142	22	)	)	PUNCT
ajeer-5797	142	23	.	.	PUNCT
ajeer-5797	143	1	a	a	DET
ajeer-5797	143	2	crucial	crucial	ADJ
ajeer-5797	143	3	variable	variable	NOUN
ajeer-5797	143	4	is	be	AUX
ajeer-5797	143	5	our	our	PRON
ajeer-5797	143	6	choice	choice	NOUN
ajeer-5797	143	7	of	of	ADP
ajeer-5797	143	8	mprus	mprus	NOUN
ajeer-5797	143	9	.	.	PUNCT
ajeer-5797	144	1	our	our	PRON
ajeer-5797	144	2	primary	primary	ADJ
ajeer-5797	144	3	measure	measure	NOUN
ajeer-5797	144	4	of	of	ADP
ajeer-5797	144	5	us	us	PROPN
ajeer-5797	144	6	monetary	monetary	ADJ
ajeer-5797	144	7	policy	policy	NOUN
ajeer-5797	144	8	is	be	AUX
ajeer-5797	144	9	the	the	DET
ajeer-5797	144	10	us	us	PROPN
ajeer-5797	144	11	shadow	shadow	NOUN
ajeer-5797	144	12	rate	rate	NOUN
ajeer-5797	144	13	,	,	PUNCT
ajeer-5797	144	14	as	as	SCONJ
ajeer-5797	144	15	provided	provide	VERB
ajeer-5797	144	16	by	by	ADP
ajeer-5797	144	17	krippner	krippner	NOUN
ajeer-5797	144	18	.	.	PUNCT
ajeer-5797	145	1	the	the	DET
ajeer-5797	145	2	shadow	shadow	NOUN
ajeer-5797	145	3	rate	rate	NOUN
ajeer-5797	145	4	is	be	AUX
ajeer-5797	145	5	derived	derive	VERB
ajeer-5797	145	6	from	from	ADP
ajeer-5797	145	7	an	an	DET
ajeer-5797	145	8	estimated	estimate	VERB
ajeer-5797	145	9	term	term	NOUN
ajeer-5797	145	10	structure	structure	NOUN
ajeer-5797	145	11	model	model	NOUN
ajeer-5797	145	12	.	.	PUNCT
ajeer-5797	146	1	one	one	NUM
ajeer-5797	146	2	major	major	ADJ
ajeer-5797	146	3	pro	pro	NOUN
ajeer-5797	146	4	of	of	ADP
ajeer-5797	146	5	this	this	DET
ajeer-5797	146	6	measure	measure	NOUN
ajeer-5797	146	7	of	of	ADP
ajeer-5797	146	8	monetary	monetary	ADJ
ajeer-5797	146	9	policy	policy	NOUN
ajeer-5797	146	10	is	be	AUX
ajeer-5797	146	11	that	that	SCONJ
ajeer-5797	146	12	it	it	PRON
ajeer-5797	146	13	is	be	AUX
ajeer-5797	146	14	used	use	VERB
ajeer-5797	146	15	as	as	ADP
ajeer-5797	146	16	a	a	DET
ajeer-5797	146	17	single	single	ADJ
ajeer-5797	146	18	indicator	indicator	NOUN
ajeer-5797	146	19	across	across	ADP
ajeer-5797	146	20	monetary	monetary	ADJ
ajeer-5797	146	21	policy	policy	NOUN
ajeer-5797	146	22	regimes	regime	NOUN
ajeer-5797	146	23	,	,	PUNCT
ajeer-5797	146	24	i.e.	i.e.	X
ajeer-5797	146	25	,	,	PUNCT
ajeer-5797	146	26	for	for	ADP
ajeer-5797	146	27	both	both	CCONJ
ajeer-5797	146	28	the	the	DET
ajeer-5797	146	29	period	period	NOUN
ajeer-5797	146	30	before	before	ADP
ajeer-5797	146	31	the	the	DET
ajeer-5797	146	32	zlb	zlb	NOUN
ajeer-5797	146	33	became	become	VERB
ajeer-5797	146	34	binding	bind	VERB
ajeer-5797	146	35	and	and	CCONJ
ajeer-5797	146	36	after	after	ADP
ajeer-5797	146	37	(	(	PUNCT
ajeer-5797	146	38	tillmann	tillmann	PROPN
ajeer-5797	146	39	,	,	PUNCT
ajeer-5797	146	40	kim	kim	PROPN
ajeer-5797	146	41	,	,	PUNCT
ajeer-5797	146	42	&	&	CCONJ
ajeer-5797	146	43	park	park	NOUN
ajeer-5797	146	44	,	,	PUNCT
ajeer-5797	146	45	2019	2019	NUM
ajeer-5797	146	46	)	)	PUNCT
ajeer-5797	146	47	.	.	PUNCT
ajeer-5797	147	1	thℎ̄𝑖𝑡	thℎ̄𝑖𝑡	NOUN
ajeer-5797	147	2	=	=	PUNCT
ajeer-5797	148	1	[	[	X
ajeer-5797	148	2	ℎ1𝑡	ℎ1𝑡	PROPN
ajeer-5797	148	3	,	,	PUNCT
ajeer-5797	148	4	ℎ2𝑡	ℎ2𝑡	PROPN
ajeer-5797	148	5	,	,	PUNCT
ajeer-5797	148	6	.	.	PUNCT
ajeer-5797	148	7	.	.	PUNCT
ajeer-5797	148	8	.	.	PUNCT
ajeer-5797	149	1	,	,	PUNCT
ajeer-5797	149	2	ℎ𝑁𝑡	ℎ𝑁𝑡	X
ajeer-5797	149	3	]	]	X
ajeer-5797	149	4	is	be	AUX
ajeer-5797	149	5	refers	refer	NOUN
ajeer-5797	149	6	to	to	ADP
ajeer-5797	149	7	vectors	vector	NOUN
ajeer-5797	149	8	of	of	ADP
ajeer-5797	149	9	stochastic	stochastic	ADJ
ajeer-5797	149	10	volatilities	volatility	NOUN
ajeer-5797	149	11	of	of	ADP
ajeer-5797	149	12	the	the	DET
ajeer-5797	149	13	structural	structural	ADJ
ajeer-5797	149	14	shocks	shock	NOUN
ajeer-5797	149	15	in	in	ADP
ajeer-5797	149	16	the	the	DET
ajeer-5797	149	17	var	var	NOUN
ajeer-5797	149	18	.	.	PUNCT
ajeer-5797	150	1	the𝛽	the𝛽	NOUN
ajeer-5797	150	2	,	,	PUNCT
ajeer-5797	150	3	𝛤and	𝛤and	PROPN
ajeer-5797	150	4	𝛷	𝛷	PROPN
ajeer-5797	150	5	are	be	AUX
ajeer-5797	150	6	the	the	DET
ajeer-5797	150	7	time	time	NOUN
ajeer-5797	150	8	-	-	PUNCT
ajeer-5797	150	9	varying	vary	VERB
ajeer-5797	150	10	coefficients	coefficient	NOUN
ajeer-5797	150	11	of	of	ADP
ajeer-5797	150	12	endogenous	endogenous	ADJ
ajeer-5797	150	13	lag	lag	NOUN
ajeer-5797	150	14	variables	variable	NOUN
ajeer-5797	150	15	,	,	PUNCT
ajeer-5797	150	16	lag	lag	VERB
ajeer-5797	150	17	exogenous	exogenous	ADJ
ajeer-5797	150	18	variable	variable	NOUN
ajeer-5797	150	19	,	,	PUNCT
ajeer-5797	150	20	and	and	CCONJ
ajeer-5797	150	21	volatility	volatility	NOUN
ajeer-5797	150	22	of	of	ADP
ajeer-5797	150	23	the	the	DET
ajeer-5797	150	24	structural	structural	ADJ
ajeer-5797	150	25	shocks	shock	NOUN
ajeer-5797	150	26	,	,	PUNCT
ajeer-5797	150	27	respectively	respectively	ADV
ajeer-5797	150	28	.	.	PUNCT
ajeer-5797	151	1	the	the	DET
ajeer-5797	151	2	subscripts	subscript	NOUN
ajeer-5797	151	3	i	i	PRON
ajeer-5797	151	4	=	=	NOUN
ajeer-5797	151	5	1	1	NUM
ajeer-5797	151	6	,	,	PUNCT
ajeer-5797	151	7	2	2	NUM
ajeer-5797	151	8	,	,	PUNCT
ajeer-5797	151	9	…	…	PUNCT
ajeer-5797	151	10	,	,	PUNCT
ajeer-5797	151	11	n	n	CCONJ
ajeer-5797	151	12	,	,	PUNCT
ajeer-5797	151	13	t	t	NOUN
ajeer-5797	151	14	=	=	SYM
ajeer-5797	151	15	1	1	NUM
ajeer-5797	151	16	,	,	PUNCT
ajeer-5797	151	17	…	…	PUNCT
ajeer-5797	151	18	,	,	PUNCT
ajeer-5797	151	19	t	t	PROPN
ajeer-5797	151	20	denotes	denote	VERB
ajeer-5797	151	21	time	time	NOUN
ajeer-5797	151	22	,	,	PUNCT
ajeer-5797	151	23	and	and	CCONJ
ajeer-5797	151	24	k	k	PROPN
ajeer-5797	151	25	is	be	AUX
ajeer-5797	151	26	the	the	DET
ajeer-5797	151	27	optimal	optimal	ADJ
ajeer-5797	151	28	lag	lag	NOUN
ajeer-5797	151	29	length	length	NOUN
ajeer-5797	151	30	of	of	ADP
ajeer-5797	151	31	the	the	DET
ajeer-5797	151	32	var	var	NOUN
ajeer-5797	151	33	model	model	NOUN
ajeer-5797	151	34	to	to	PART
ajeer-5797	151	35	be	be	AUX
ajeer-5797	151	36	chosen	choose	VERB
ajeer-5797	151	37	with	with	ADP
ajeer-5797	151	38	the	the	DET
ajeer-5797	151	39	aid	aid	NOUN
ajeer-5797	151	40	of	of	ADP
ajeer-5797	151	41	the	the	DET
ajeer-5797	151	42	schwarz	schwarz	PROPN
ajeer-5797	151	43	information	information	NOUN
ajeer-5797	151	44	criterion	criterion	NOUN
ajeer-5797	151	45	(	(	PUNCT
ajeer-5797	151	46	sic	sic	ADJ
ajeer-5797	151	47	)	)	PUNCT
ajeer-5797	151	48	.	.	PUNCT
ajeer-5797	152	1	the	the	DET
ajeer-5797	152	2	time	time	NOUN
ajeer-5797	152	3	-	-	PUNCT
ajeer-5797	152	4	subscripts	subscript	NOUN
ajeer-5797	152	5	t	t	NOUN
ajeer-5797	152	6	attached	attach	VERB
ajeer-5797	152	7	to	to	ADP
ajeer-5797	152	8	the	the	DET
ajeer-5797	152	9	coefficients	coefficient	NOUN
ajeer-5797	152	10	in	in	ADP
ajeer-5797	152	11	equation	equation	NOUN
ajeer-5797	152	12	1	1	NUM
ajeer-5797	152	13	indicates	indicate	VERB
ajeer-5797	152	14	that	that	SCONJ
ajeer-5797	152	15	the	the	DET
ajeer-5797	152	16	coefficients	coefficient	NOUN
ajeer-5797	152	17	are	be	AUX
ajeer-5797	152	18	time	time	NOUN
ajeer-5797	152	19	-	-	PUNCT
ajeer-5797	152	20	varying	vary	VERB
ajeer-5797	152	21	and	and	CCONJ
ajeer-5797	152	22	not	not	PART
ajeer-5797	152	23	constant	constant	ADJ
ajeer-5797	152	24	.	.	PUNCT
ajeer-5797	153	1	ω𝑖𝑡	ω𝑖𝑡	NOUN
ajeer-5797	153	2	=	=	SYM
ajeer-5797	153	3	𝐴	𝐴	PROPN
ajeer-5797	153	4	−1𝐻𝑖𝑡𝐴	−1𝐻𝑖𝑡𝐴	PROPN
ajeer-5797	153	5	−1′	−1′	PROPN
ajeer-5797	153	6	.	.	PUNCT
ajeer-5797	154	1	(	(	PUNCT
ajeer-5797	154	2	2	2	X
ajeer-5797	154	3	)	)	PUNCT
ajeer-5797	154	4	equation	equation	NOUN
ajeer-5797	154	5	2	2	NUM
ajeer-5797	154	6	is	be	AUX
ajeer-5797	154	7	a	a	DET
ajeer-5797	154	8	vector	vector	NOUN
ajeer-5797	154	9	of	of	ADP
ajeer-5797	154	10	random	random	ADJ
ajeer-5797	154	11	disturbances	disturbance	NOUN
ajeer-5797	154	12	with𝐻	with𝐻	PROPN
ajeer-5797	154	13	being	be	AUX
ajeer-5797	154	14	a	a	DET
ajeer-5797	154	15	diagonal	diagonal	ADJ
ajeer-5797	154	16	matrix	matrix	NOUN
ajeer-5797	154	17	of	of	ADP
ajeer-5797	154	18	orthogonalized	orthogonalized	ADJ
ajeer-5797	154	19	volatility	volatility	NOUN
ajeer-5797	154	20	shocks	shock	NOUN
ajeer-5797	154	21	and𝐴	and𝐴	VERB
ajeer-5797	154	22	a	a	DET
ajeer-5797	154	23	matrix	matrix	NOUN
ajeer-5797	154	24	of	of	ADP
ajeer-5797	154	25	contemporaneous	contemporaneous	ADJ
ajeer-5797	154	26	effects	effect	NOUN
ajeer-5797	154	27	.	.	PUNCT
ajeer-5797	155	1	hence	hence	ADV
ajeer-5797	155	2	,	,	PUNCT
ajeer-5797	155	3	the	the	DET
ajeer-5797	155	4	time	time	NOUN
ajeer-5797	155	5	-	-	PUNCT
ajeer-5797	155	6	varying	vary	VERB
ajeer-5797	155	7	matrices	matrix	NOUN
ajeer-5797	155	8	𝐻𝑖𝑡and	𝐻𝑖𝑡and	PROPN
ajeer-5797	155	9	a	a	PRON
ajeer-5797	155	10	in	in	ADP
ajeer-5797	155	11	equation	equation	NOUN
ajeer-5797	155	12	2	2	NUM
ajeer-5797	155	13	are	be	AUX
ajeer-5797	155	14	given	give	VERB
ajeer-5797	155	15	by	by	ADP
ajeer-5797	155	16	𝐻𝑡	𝐻𝑡	PROPN
ajeer-5797	155	17	=	=	SYM
ajeer-5797	155	18	(	(	PUNCT
ajeer-5797	155	19	𝑒𝑥𝑝	𝑒𝑥𝑝	INTJ
ajeer-5797	155	20	(	(	PUNCT
ajeer-5797	155	21	ℎ1𝑡	ℎ1𝑡	PROPN
ajeer-5797	155	22	)	)	PUNCT
ajeer-5797	155	23	0	0	NUM
ajeer-5797	155	24	0	0	NUM
ajeer-5797	155	25	0	0	NUM
ajeer-5797	155	26	0	0	NUM
ajeer-5797	155	27	0	0	NUM
ajeer-5797	155	28	0	0	NUM
ajeer-5797	155	29	0	0	NUM
ajeer-5797	155	30	𝑒𝑥𝑝	𝑒𝑥𝑝	NOUN
ajeer-5797	155	31	(	(	PUNCT
ajeer-5797	155	32	ℎ2𝑡	ℎ2𝑡	PROPN
ajeer-5797	155	33	)	)	PUNCT
ajeer-5797	155	34	0	0	NUM
ajeer-5797	155	35	0	0	NUM
ajeer-5797	155	36	0	0	NUM
ajeer-5797	155	37	0	0	NUM
ajeer-5797	155	38	0	0	NUM
ajeer-5797	155	39	0	0	NUM
ajeer-5797	155	40	0	0	NUM
ajeer-5797	155	41	𝑒𝑥𝑝	𝑒𝑥𝑝	PROPN
ajeer-5797	155	42	(	(	PUNCT
ajeer-5797	155	43	ℎ3𝑡	ℎ3𝑡	NOUN
ajeer-5797	155	44	)	)	PUNCT
ajeer-5797	155	45	0	0	NUM
ajeer-5797	155	46	0	0	NUM
ajeer-5797	155	47	0	0	NUM
ajeer-5797	155	48	0	0	NUM
ajeer-5797	155	49	0	0	NUM
ajeer-5797	155	50	0	0	NUM
ajeer-5797	155	51	0	0	NUM
ajeer-5797	155	52	𝑒𝑥𝑝	𝑒𝑥𝑝	PROPN
ajeer-5797	155	53	(	(	PUNCT
ajeer-5797	155	54	ℎ4𝑡	ℎ4𝑡	NOUN
ajeer-5797	155	55	)	)	PUNCT
ajeer-5797	155	56	0	0	NUM
ajeer-5797	155	57	0	0	NUM
ajeer-5797	155	58	0	0	NUM
ajeer-5797	155	59	0	0	NUM
ajeer-5797	155	60	0	0	NUM
ajeer-5797	155	61	0	0	NUM
ajeer-5797	155	62	0	0	NUM
ajeer-5797	156	1	𝑒𝑥𝑝	𝑒𝑥𝑝	PROPN
ajeer-5797	156	2	(	(	PUNCT
ajeer-5797	156	3	ℎ5𝑡	ℎ5𝑡	PROPN
ajeer-5797	156	4	)	)	PUNCT
ajeer-5797	156	5	0	0	NUM
ajeer-5797	156	6	0	0	NUM
ajeer-5797	156	7	0	0	NUM
ajeer-5797	156	8	0	0	NUM
ajeer-5797	156	9	0	0	NUM
ajeer-5797	156	10	0	0	NUM
ajeer-5797	156	11	0	0	NUM
ajeer-5797	156	12	𝑒𝑥𝑝	𝑒𝑥𝑝	NOUN
ajeer-5797	156	13	(	(	PUNCT
ajeer-5797	156	14	ℎ6𝑡	ℎ6𝑡	NOUN
ajeer-5797	156	15	)	)	PUNCT
ajeer-5797	156	16	0	0	NUM
ajeer-5797	156	17	0	0	NUM
ajeer-5797	156	18	0	0	NUM
ajeer-5797	156	19	0	0	NUM
ajeer-5797	156	20	0	0	NUM
ajeer-5797	156	21	0	0	NUM
ajeer-5797	156	22	0	0	NUM
ajeer-5797	156	23	𝑒𝑥𝑝	𝑒𝑥𝑝	NOUN
ajeer-5797	156	24	(	(	PUNCT
ajeer-5797	156	25	ℎ7𝑡	ℎ7𝑡	PROPN
ajeer-5797	156	26	)	)	PUNCT
ajeer-5797	156	27	)	)	PUNCT
ajeer-5797	157	1	(	(	PUNCT
ajeer-5797	157	2	𝜀𝑡	𝜀𝑡	ADV
ajeer-5797	157	3	oilp	oilp	ADJ
ajeer-5797	157	4	𝜀𝑡	𝜀𝑡	PROPN
ajeer-5797	157	5	mprsus	mprsus	NOUN
ajeer-5797	157	6	𝜀𝑡	𝜀𝑡	PROPN
ajeer-5797	157	7	rgdp	rgdp	NOUN
ajeer-5797	157	8	𝜀𝑡	𝜀𝑡	PROPN
ajeer-5797	157	9	inf	inf	PROPN
ajeer-5797	157	10	𝜀𝑡	𝜀𝑡	ADP
ajeer-5797	157	11	mpr	mpr	NOUN
ajeer-5797	157	12	𝜀𝑡	𝜀𝑡	NOUN
ajeer-5797	157	13	smr	smr	VERB
ajeer-5797	157	14	𝜀𝑡	𝜀𝑡	NOUN
ajeer-5797	157	15	exr	exr	PROPN
ajeer-5797	157	16	)	)	PUNCT
ajeer-5797	157	17	(	(	PUNCT
ajeer-5797	157	18	3	3	X
ajeer-5797	157	19	)	)	PUNCT
ajeer-5797	157	20	the	the	DET
ajeer-5797	157	21	structure	structure	NOUN
ajeer-5797	157	22	of	of	ADP
ajeer-5797	157	23	the	the	DET
ajeer-5797	157	24	a	a	PRON
ajeer-5797	157	25	(	(	PUNCT
ajeer-5797	157	26	the	the	DET
ajeer-5797	157	27	structural	structural	ADJ
ajeer-5797	157	28	matrix	matrix	NOUN
ajeer-5797	157	29	)	)	PUNCT
ajeer-5797	157	30	is	be	AUX
ajeer-5797	157	31	carefully	carefully	ADV
ajeer-5797	157	32	chosen	choose	VERB
ajeer-5797	157	33	to	to	PART
ajeer-5797	157	34	model	model	VERB
ajeer-5797	157	35	the	the	DET
ajeer-5797	157	36	contemporaneous	contemporaneous	ADJ
ajeer-5797	157	37	relationship	relationship	NOUN
ajeer-5797	157	38	among	among	ADP
ajeer-5797	157	39	the	the	DET
ajeer-5797	157	40	reduced	reduce	VERB
ajeer-5797	157	41	-	-	PUNCT
ajeer-5797	157	42	form	form	NOUN
ajeer-5797	157	43	shocks	shock	NOUN
ajeer-5797	157	44	.	.	PUNCT
ajeer-5797	158	1	the	the	DET
ajeer-5797	158	2	choice	choice	NOUN
ajeer-5797	158	3	of	of	ADP
ajeer-5797	158	4	the	the	DET
ajeer-5797	158	5	structure	structure	NOUN
ajeer-5797	158	6	of	of	ADP
ajeer-5797	158	7	the	the	DET
ajeer-5797	158	8	a	a	DET
ajeer-5797	158	9	matrix	matrix	NOUN
ajeer-5797	158	10	is	be	AUX
ajeer-5797	158	11	of	of	ADP
ajeer-5797	158	12	the	the	DET
ajeer-5797	158	13	form	form	NOUN
ajeer-5797	158	14	:	:	PUNCT
ajeer-5797	158	15	𝐴	𝐴	PROPN
ajeer-5797	158	16	=	=	SYM
ajeer-5797	158	17	(	(	PUNCT
ajeer-5797	158	18	∆𝑂𝐼𝐿𝑃𝑡	∆𝑂𝐼𝐿𝑃𝑡	PROPN
ajeer-5797	158	19	∆𝑀𝑃𝑅𝑡	∆𝑀𝑃𝑅𝑡	PROPN
ajeer-5797	158	20	𝑈𝑆	𝑈𝑆	PROPN
ajeer-5797	158	21	∆𝑅𝐺𝐷𝑃𝑡	∆𝑅𝐺𝐷𝑃𝑡	NOUN
ajeer-5797	158	22	∆𝐼𝑁𝐹𝑡	∆𝐼𝑁𝐹𝑡	PROPN
ajeer-5797	158	23	∆𝑀𝑃𝑅𝑡	∆𝑀𝑃𝑅𝑡	PROPN
ajeer-5797	158	24	∆𝑆𝑀𝑅𝑡	∆𝑆𝑀𝑅𝑡	X
ajeer-5797	158	25	∆𝐸𝑋𝑅𝑡	∆𝐸𝑋𝑅𝑡	PROPN
ajeer-5797	158	26	)	)	PUNCT
ajeer-5797	159	1	=	=	PUNCT
ajeer-5797	159	2	(	(	PUNCT
ajeer-5797	159	3	1	1	NUM
ajeer-5797	159	4	0	0	NUM
ajeer-5797	159	5	0	0	NUM
ajeer-5797	159	6	0	0	NUM
ajeer-5797	159	7	0	0	NUM
ajeer-5797	159	8	0	0	NUM
ajeer-5797	159	9	0	0	NUM
ajeer-5797	159	10	�	�	PROPN
ajeer-5797	159	11	̃	̃	PROPN
ajeer-5797	159	12	�	�	NOUN
ajeer-5797	159	13	2,1	2,1	NUM
ajeer-5797	159	14	1	1	NUM
ajeer-5797	159	15	0	0	NUM
ajeer-5797	159	16	0	0	NUM
ajeer-5797	159	17	0	0	NUM
ajeer-5797	159	18	0	0	NUM
ajeer-5797	159	19	0	0	NUM
ajeer-5797	159	20	�	�	PROPN
ajeer-5797	159	21	̃	̃	PROPN
ajeer-5797	159	22	�	�	PROPN
ajeer-5797	159	23	3,1	3,1	NUM
ajeer-5797	159	24	�	�	NOUN
ajeer-5797	159	25	̃	̃	NOUN
ajeer-5797	159	26	�	�	NOUN
ajeer-5797	159	27	3,2	3,2	NUM
ajeer-5797	159	28	1	1	NUM
ajeer-5797	159	29	0	0	NUM
ajeer-5797	159	30	0	0	NUM
ajeer-5797	159	31	0	0	NUM
ajeer-5797	159	32	0	0	NUM
ajeer-5797	159	33	�	�	PROPN
ajeer-5797	159	34	̃	̃	PROPN
ajeer-5797	159	35	�	�	PROPN
ajeer-5797	159	36	4,1	4,1	NUM
ajeer-5797	159	37	�	�	NOUN
ajeer-5797	159	38	̃	̃	NOUN
ajeer-5797	159	39	�	�	PROPN
ajeer-5797	159	40	4,2	4,2	NUM
ajeer-5797	159	41	�	�	PROPN
ajeer-5797	159	42	̃	̃	NOUN
ajeer-5797	159	43	�	�	NOUN
ajeer-5797	159	44	4,3	4,3	NUM
ajeer-5797	159	45	1	1	NUM
ajeer-5797	159	46	0	0	NUM
ajeer-5797	159	47	0	0	NUM
ajeer-5797	159	48	0	0	NUM
ajeer-5797	159	49	�	�	PROPN
ajeer-5797	159	50	̃	̃	PROPN
ajeer-5797	159	51	�	�	PROPN
ajeer-5797	159	52	5,1	5,1	NUM
ajeer-5797	159	53	�	�	PROPN
ajeer-5797	159	54	̃	̃	NOUN
ajeer-5797	159	55	�	�	PROPN
ajeer-5797	159	56	5,2	5,2	NUM
ajeer-5797	159	57	�	�	NOUN
ajeer-5797	159	58	̃	̃	NOUN
ajeer-5797	159	59	�	�	PROPN
ajeer-5797	159	60	5,3	5,3	NUM
ajeer-5797	159	61	�	�	NOUN
ajeer-5797	159	62	̃	̃	NOUN
ajeer-5797	159	63	�	�	NOUN
ajeer-5797	159	64	5,4	5,4	NUM
ajeer-5797	159	65	1	1	NUM
ajeer-5797	159	66	0	0	NUM
ajeer-5797	159	67	0	0	NUM
ajeer-5797	159	68	�	�	PROPN
ajeer-5797	159	69	̃	̃	PROPN
ajeer-5797	159	70	�	�	PROPN
ajeer-5797	159	71	6,1	6,1	NUM
ajeer-5797	159	72	�	�	NOUN
ajeer-5797	159	73	̃	̃	NOUN
ajeer-5797	159	74	�	�	NOUN
ajeer-5797	159	75	6,2	6,2	NUM
ajeer-5797	159	76	�	�	NOUN
ajeer-5797	159	77	̃	̃	NOUN
ajeer-5797	159	78	�	�	NOUN
ajeer-5797	159	79	6,3	6,3	NUM
ajeer-5797	159	80	�	�	NOUN
ajeer-5797	159	81	̃	̃	NOUN
ajeer-5797	159	82	�	�	PROPN
ajeer-5797	159	83	6,4	6,4	NUM
ajeer-5797	159	84	�	�	NOUN
ajeer-5797	159	85	̃	̃	NOUN
ajeer-5797	159	86	�	�	NOUN
ajeer-5797	159	87	6,5	6,5	NUM
ajeer-5797	159	88	1	1	NUM
ajeer-5797	159	89	0	0	NUM
ajeer-5797	159	90	�	�	PROPN
ajeer-5797	159	91	̃	̃	PROPN
ajeer-5797	159	92	�	�	PROPN
ajeer-5797	159	93	7,1	7,1	NUM
ajeer-5797	159	94	�	�	NOUN
ajeer-5797	159	95	̃	̃	NOUN
ajeer-5797	159	96	�	�	NOUN
ajeer-5797	159	97	7,2	7,2	NUM
ajeer-5797	159	98	�	�	NOUN
ajeer-5797	159	99	̃	̃	NOUN
ajeer-5797	159	100	�	�	NOUN
ajeer-5797	159	101	7,3	7,3	NUM
ajeer-5797	159	102	�	�	PROPN
ajeer-5797	159	103	̃	̃	PROPN
ajeer-5797	159	104	�	�	NOUN
ajeer-5797	159	105	7,4	7,4	NUM
ajeer-5797	159	106	�	�	NOUN
ajeer-5797	159	107	̃	̃	NOUN
ajeer-5797	159	108	�	�	NOUN
ajeer-5797	159	109	7,5	7,5	NUM
ajeer-5797	159	110	�	�	PROPN
ajeer-5797	159	111	̃	̃	NOUN
ajeer-5797	159	112	�	�	NOUN
ajeer-5797	159	113	7,6	7,6	NUM
ajeer-5797	159	114	1	1	NUM
ajeer-5797	159	115	)	)	PUNCT
ajeer-5797	159	116	(	(	PUNCT
ajeer-5797	159	117	𝜇𝑡	𝜇𝑡	VERB
ajeer-5797	159	118	oilp	oilp	ADJ
ajeer-5797	159	119	𝜇𝑡	𝜇𝑡	PROPN
ajeer-5797	159	120	mprsus	mprsus	PROPN
ajeer-5797	159	121	𝜇𝑡	𝜇𝑡	X
ajeer-5797	159	122	rgdp	rgdp	PROPN
ajeer-5797	159	123	𝜇𝑡	𝜇𝑡	PROPN
ajeer-5797	159	124	inf	inf	PROPN
ajeer-5797	159	125	𝜇𝑡	𝜇𝑡	PROPN
ajeer-5797	159	126	mpr	mpr	PROPN
ajeer-5797	159	127	𝜇𝑡	𝜇𝑡	NOUN
ajeer-5797	159	128	smr	smr	NOUN
ajeer-5797	159	129	𝜇𝑡	𝜇𝑡	X
ajeer-5797	159	130	exr	exr	PROPN
ajeer-5797	159	131	)	)	PUNCT
ajeer-5797	159	132	(	(	PUNCT
ajeer-5797	159	133	4	4	NUM
ajeer-5797	159	134	)	)	PUNCT
ajeer-5797	159	135	to	to	PART
ajeer-5797	159	136	recover	recover	VERB
ajeer-5797	159	137	the	the	DET
ajeer-5797	159	138	information	information	NOUN
ajeer-5797	159	139	in	in	ADP
ajeer-5797	159	140	the	the	DET
ajeer-5797	159	141	structural	structural	ADJ
ajeer-5797	159	142	equation	equation	NOUN
ajeer-5797	159	143	,	,	PUNCT
ajeer-5797	159	144	we	we	PRON
ajeer-5797	159	145	impose	impose	VERB
ajeer-5797	159	146	restrictions	restriction	NOUN
ajeer-5797	159	147	in	in	ADP
ajeer-5797	159	148	matrix	matrix	NOUN
ajeer-5797	159	149	a	a	PRON
ajeer-5797	159	150	and	and	CCONJ
ajeer-5797	159	151	h	h	NOUN
ajeer-5797	159	152	in	in	ADP
ajeer-5797	159	153	equation	equation	NOUN
ajeer-5797	159	154	4	4	NUM
ajeer-5797	159	155	and	and	CCONJ
ajeer-5797	159	156	5	5	NUM
ajeer-5797	159	157	,	,	PUNCT
ajeer-5797	159	158	explained	explain	VERB
ajeer-5797	159	159	in	in	ADP
ajeer-5797	159	160	section	section	NOUN
ajeer-5797	159	161	3.2.4	3.2.4	NUM
ajeer-5797	159	162	.	.	PUNCT
ajeer-5797	160	1	the	the	DET
ajeer-5797	160	2	terms𝜀𝑡	terms𝜀𝑡	NOUN
ajeer-5797	160	3	𝑂𝐼𝐿𝑃	𝑂𝐼𝐿𝑃	PROPN
ajeer-5797	160	4	,	,	PUNCT
ajeer-5797	160	5	𝜀𝑡	𝜀𝑡	NOUN
ajeer-5797	160	6	𝑀𝑃𝑅𝑈𝑆	𝑀𝑃𝑅𝑈𝑆	NOUN
ajeer-5797	160	7	,	,	PUNCT
ajeer-5797	160	8	𝜀𝑡	𝜀𝑡	ADP
ajeer-5797	160	9	𝑅𝐺𝐷𝑃	𝑅𝐺𝐷𝑃	PROPN
ajeer-5797	160	10	,	,	PUNCT
ajeer-5797	160	11	𝜀𝑡	𝜀𝑡	ADP
ajeer-5797	160	12	𝐼𝑁𝐹	𝐼𝑁𝐹	PROPN
ajeer-5797	160	13	,	,	PUNCT
ajeer-5797	160	14	𝜀𝑡	𝜀𝑡	SCONJ
ajeer-5797	160	15	𝑀𝑃𝑅	𝑀𝑃𝑅	PROPN
ajeer-5797	160	16	,	,	PUNCT
ajeer-5797	160	17	𝜀𝑡	𝜀𝑡	ADV
ajeer-5797	160	18	𝑆𝑀𝑅	𝑆𝑀𝑅	PROPN
ajeer-5797	160	19	,	,	PUNCT
ajeer-5797	160	20	𝜀𝑡	𝜀𝑡	ADP
ajeer-5797	160	21	𝐸𝑋𝑅	𝐸𝑋𝑅	PROPN
ajeer-5797	160	22	are	be	AUX
ajeer-5797	160	23	the	the	DET
ajeer-5797	160	24	structural	structural	ADJ
ajeer-5797	160	25	shocks	shock	NOUN
ajeer-5797	160	26	associated	associate	VERB
ajeer-5797	160	27	with	with	ADP
ajeer-5797	160	28	respective	respective	ADJ
ajeer-5797	160	29	equations	equation	NOUN
ajeer-5797	160	30	and	and	CCONJ
ajeer-5797	160	31	𝜇𝑡	𝜇𝑡	X
ajeer-5797	160	32	𝑂𝐼𝐿𝑃	𝑂𝐼𝐿𝑃	PROPN
ajeer-5797	160	33	,	,	PUNCT
ajeer-5797	160	34	𝜇𝑡	𝜇𝑡	X
ajeer-5797	160	35	𝑀𝑃𝑅𝑈𝑆	𝑀𝑃𝑅𝑈𝑆	PROPN
ajeer-5797	160	36	,	,	PUNCT
ajeer-5797	160	37	𝜇𝑡	𝜇𝑡	VERB
ajeer-5797	160	38	𝑅𝐺𝐷𝑃	𝑅𝐺𝐷𝑃	PROPN
ajeer-5797	160	39	,	,	PUNCT
ajeer-5797	160	40	𝜇𝑡	𝜇𝑡	X
ajeer-5797	160	41	𝐼𝑁𝐹	𝐼𝑁𝐹	PROPN
ajeer-5797	160	42	,	,	PUNCT
ajeer-5797	160	43	𝜇𝑡	𝜇𝑡	VERB
ajeer-5797	160	44	𝑀𝑃𝑅	𝑀𝑃𝑅	PROPN
ajeer-5797	160	45	,	,	PUNCT
ajeer-5797	160	46	𝜇𝑡	𝜇𝑡	VERB
ajeer-5797	160	47	𝑆𝑀𝑅	𝑆𝑀𝑅	PROPN
ajeer-5797	160	48	,	,	PUNCT
ajeer-5797	160	49	𝜇𝑡	𝜇𝑡	VERB
ajeer-5797	160	50	𝐸𝑋𝑅are	𝐸𝑋𝑅are	PROPN
ajeer-5797	160	51	residuals	residual	NOUN
ajeer-5797	160	52	in	in	ADP
ajeer-5797	160	53	the	the	DET
ajeer-5797	160	54	reducedform	reducedform	NOUN
ajeer-5797	160	55	disturbances	disturbance	NOUN
ajeer-5797	160	56	to	to	ADP
ajeer-5797	160	57	both	both	CCONJ
ajeer-5797	160	58	the	the	DET
ajeer-5797	160	59	exogenous	exogenous	ADJ
ajeer-5797	160	60	foreign	foreign	ADJ
ajeer-5797	160	61	and	and	CCONJ
ajeer-5797	160	62	endogenous	endogenous	ADJ
ajeer-5797	160	63	domestic	domestic	ADJ
ajeer-5797	160	64	variable	variable	NOUN
ajeer-5797	160	65	,	,	PUNCT
ajeer-5797	160	66	which	which	PRON
ajeer-5797	160	67	represents	represent	VERB
ajeer-5797	160	68	an	an	DET
ajeer-5797	160	69	unexpected	unexpected	ADJ
ajeer-5797	160	70	movement	movement	NOUN
ajeer-5797	160	71	(	(	PUNCT
ajeer-5797	160	72	given	give	VERB
ajeer-5797	160	73	information	information	NOUN
ajeer-5797	160	74	in	in	ADP
ajeer-5797	160	75	the	the	DET
ajeer-5797	160	76	system	system	NOUN
ajeer-5797	160	77	)	)	PUNCT
ajeer-5797	160	78	of	of	ADP
ajeer-5797	160	79	each	each	DET
ajeer-5797	160	80	variable	variable	NOUN
ajeer-5797	160	81	.	.	PUNCT
ajeer-5797	161	1	the	the	DET
ajeer-5797	161	2	transition	transition	NOUN
ajeer-5797	161	3	equation	equation	NOUN
ajeer-5797	161	4	for	for	ADP
ajeer-5797	161	5	the	the	DET
ajeer-5797	161	6	stochastic	stochastic	ADJ
ajeer-5797	161	7	volatility	volatility	NOUN
ajeer-5797	161	8	is	be	AUX
ajeer-5797	161	9	of	of	ADP
ajeer-5797	161	10	the	the	DET
ajeer-5797	161	11	form	form	NOUN
ajeer-5797	161	12	:	:	PUNCT
ajeer-5797	161	13	asian	asian	ADJ
ajeer-5797	161	14	journal	journal	NOUN
ajeer-5797	161	15	of	of	ADP
ajeer-5797	161	16	economics	economic	NOUN
ajeer-5797	161	17	and	and	CCONJ
ajeer-5797	161	18	empirical	empirical	ADJ
ajeer-5797	161	19	research	research	NOUN
ajeer-5797	161	20	,	,	PUNCT
ajeer-5797	161	21	2024	2024	NUM
ajeer-5797	161	22	,	,	PUNCT
ajeer-5797	161	23	11(1	11(1	NUM
ajeer-5797	161	24	):	):	PUNCT
ajeer-5797	161	25	30	30	NUM
ajeer-5797	161	26	-	-	SYM
ajeer-5797	161	27	43	43	NUM
ajeer-5797	161	28	35	35	NUM
ajeer-5797	161	29	©	©	ADP
ajeer-5797	161	30	2024	2024	NUM
ajeer-5797	161	31	by	by	ADP
ajeer-5797	161	32	the	the	DET
ajeer-5797	161	33	authors	author	NOUN
ajeer-5797	161	34	;	;	PUNCT
ajeer-5797	161	35	licensee	licensee	PROPN
ajeer-5797	161	36	asian	asian	ADJ
ajeer-5797	161	37	online	online	PROPN
ajeer-5797	161	38	journal	journal	PROPN
ajeer-5797	161	39	publishing	publishing	NOUN
ajeer-5797	161	40	group	group	NOUN
ajeer-5797	161	41	ℎ𝑖𝑡	ℎ𝑖𝑡	PROPN
ajeer-5797	161	42	=	=	SYM
ajeer-5797	161	43	∑𝑘𝑗𝑦𝑡−𝑗	∑𝑘𝑗𝑦𝑡−𝑗	X
ajeer-5797	161	44	+	+	NOUN
ajeer-5797	161	45	𝑝	𝑝	NOUN
ajeer-5797	161	46	𝑗=1	𝑗=1	PROPN
ajeer-5797	161	47	∑𝜃𝑗ℎ̃𝑡−𝑗	∑𝜃𝑗ℎ̃𝑡−𝑗	PROPN
ajeer-5797	161	48	+	+	CCONJ
ajeer-5797	161	49	𝜂𝑖𝑡	𝜂𝑖𝑡	NOUN
ajeer-5797	161	50	,	,	PUNCT
ajeer-5797	161	51	𝜂𝑖𝑡	𝜂𝑖𝑡	NOUN
ajeer-5797	161	52	↔	↔	PROPN
ajeer-5797	161	53	𝑁(0	𝑁(0	PROPN
ajeer-5797	161	54	,	,	PUNCT
ajeer-5797	161	55	𝑄𝑖	𝑄𝑖	PROPN
ajeer-5797	161	56	)	)	PUNCT
ajeer-5797	161	57	,	,	PUNCT
ajeer-5797	161	58	𝐸(𝑒𝑖𝑡,𝜂𝑖𝑡	𝐸(𝑒𝑖𝑡,𝜂𝑖𝑡	PROPN
ajeer-5797	161	59	)	)	PUNCT
ajeer-5797	161	60	𝑝	𝑝	NOUN
ajeer-5797	161	61	𝑗−1	𝑗−1	PROPN
ajeer-5797	161	62	=	=	SYM
ajeer-5797	161	63	0	0	PUNCT
ajeer-5797	161	64	(	(	PUNCT
ajeer-5797	161	65	5	5	NUM
ajeer-5797	161	66	)	)	PUNCT
ajeer-5797	161	67	and	and	CCONJ
ajeer-5797	161	68	the	the	DET
ajeer-5797	161	69	elements	element	NOUN
ajeer-5797	161	70	of	of	ADP
ajeer-5797	161	71	𝐴𝑡follow	𝐴𝑡follow	PROPN
ajeer-5797	161	72	a	a	DET
ajeer-5797	161	73	first	first	ADJ
ajeer-5797	161	74	-	-	PUNCT
ajeer-5797	161	75	order	order	NOUN
ajeer-5797	161	76	autoregressive	autoregressive	ADJ
ajeer-5797	161	77	process	process	NOUN
ajeer-5797	161	78	.	.	PUNCT
ajeer-5797	162	1	𝑎𝑗𝑡	𝑎𝑗𝑡	X
ajeer-5797	163	1	=	=	SYM
ajeer-5797	164	1	𝜌𝑗𝑎𝑗𝑡−1	𝜌𝑗𝑎𝑗𝑡−1	PROPN
ajeer-5797	164	2	+	+	CCONJ
ajeer-5797	164	3	𝑞𝑗	𝑞𝑗	PROPN
ajeer-5797	164	4	1/2	1/2	NUM
ajeer-5797	164	5	𝜐𝑗𝑡,𝑗	𝜐𝑗𝑡,𝑗	NOUN
ajeer-5797	164	6	=	=	SYM
ajeer-5797	164	7	1	1	X
ajeer-5797	164	8	.	.	PUNCT
ajeer-5797	164	9	.	.	PUNCT
ajeer-5797	165	1	𝑛	𝑛	PROPN
ajeer-5797	165	2	(	(	PUNCT
ajeer-5797	165	3	6	6	NUM
ajeer-5797	165	4	)	)	PUNCT
ajeer-5797	165	5	there	there	PRON
ajeer-5797	165	6	are	be	VERB
ajeer-5797	165	7	two	two	NUM
ajeer-5797	165	8	noteworthy	noteworthy	ADJ
ajeer-5797	165	9	features	feature	NOUN
ajeer-5797	165	10	of	of	ADP
ajeer-5797	165	11	the	the	DET
ajeer-5797	165	12	complete	complete	ADJ
ajeer-5797	165	13	system	system	NOUN
ajeer-5797	165	14	defined	define	VERB
ajeer-5797	165	15	by	by	ADP
ajeer-5797	165	16	equation	equation	NOUN
ajeer-5797	165	17	1	1	NUM
ajeer-5797	165	18	,	,	PUNCT
ajeer-5797	165	19	2	2	NUM
ajeer-5797	165	20	,	,	PUNCT
ajeer-5797	165	21	and	and	CCONJ
ajeer-5797	165	22	5	5	NUM
ajeer-5797	165	23	.	.	X
ajeer-5797	165	24	first	first	ADV
ajeer-5797	165	25	,	,	PUNCT
ajeer-5797	165	26	equation	equation	NOUN
ajeer-5797	165	27	1	1	NUM
ajeer-5797	165	28	allows	allow	VERB
ajeer-5797	165	29	the	the	DET
ajeer-5797	165	30	volatility	volatility	NOUN
ajeer-5797	165	31	of	of	ADP
ajeer-5797	165	32	the	the	DET
ajeer-5797	165	33	structural	structural	ADJ
ajeer-5797	165	34	shocks	shock	NOUN
ajeer-5797	165	35	ℎ̃𝑡to	ℎ̃𝑡to	X
ajeer-5797	165	36	have	have	VERB
ajeer-5797	165	37	a	a	DET
ajeer-5797	165	38	(	(	PUNCT
ajeer-5797	165	39	lagged	lag	VERB
ajeer-5797	165	40	)	)	PUNCT
ajeer-5797	165	41	impact	impact	NOUN
ajeer-5797	165	42	on	on	ADP
ajeer-5797	165	43	the	the	DET
ajeer-5797	165	44	endogenous	endogenous	ADJ
ajeer-5797	165	45	variables𝑦𝑡.	variables𝑦𝑡.	NOUN
ajeer-5797	165	46	in	in	ADP
ajeer-5797	165	47	our	our	PRON
ajeer-5797	165	48	specification	specification	NOUN
ajeer-5797	165	49	,	,	PUNCT
ajeer-5797	165	50	the	the	DET
ajeer-5797	165	51	log	log	NOUN
ajeer-5797	165	52	volatility	volatility	NOUN
ajeer-5797	165	53	enters	enter	VERB
ajeer-5797	165	54	the	the	DET
ajeer-5797	165	55	var	var	PROPN
ajeer-5797	165	56	equations	equation	NOUN
ajeer-5797	165	57	rather	rather	ADV
ajeer-5797	165	58	than	than	ADP
ajeer-5797	165	59	its	its	PRON
ajeer-5797	165	60	level	level	NOUN
ajeer-5797	165	61	.	.	PUNCT
ajeer-5797	166	1	this	this	PRON
ajeer-5797	166	2	is	be	AUX
ajeer-5797	166	3	primarily	primarily	ADV
ajeer-5797	166	4	because	because	SCONJ
ajeer-5797	166	5	the	the	DET
ajeer-5797	166	6	level	level	NOUN
ajeer-5797	166	7	of	of	ADP
ajeer-5797	166	8	volatility	volatility	NOUN
ajeer-5797	166	9	is	be	AUX
ajeer-5797	166	10	sensitive	sensitive	ADJ
ajeer-5797	166	11	to	to	ADP
ajeer-5797	166	12	the	the	DET
ajeer-5797	166	13	scaling	scaling	NOUN
ajeer-5797	166	14	of	of	ADP
ajeer-5797	166	15	the	the	DET
ajeer-5797	166	16	endogenous	endogenous	ADJ
ajeer-5797	166	17	variables	variable	NOUN
ajeer-5797	166	18	,	,	PUNCT
ajeer-5797	166	19	which	which	PRON
ajeer-5797	166	20	can	can	AUX
ajeer-5797	166	21	sometimes	sometimes	ADV
ajeer-5797	166	22	result	result	VERB
ajeer-5797	166	23	in	in	ADP
ajeer-5797	166	24	computational	computational	ADJ
ajeer-5797	166	25	instability	instability	NOUN
ajeer-5797	166	26	.	.	PUNCT
ajeer-5797	167	1	second	second	ADV
ajeer-5797	167	2	,	,	PUNCT
ajeer-5797	167	3	note	note	VERB
ajeer-5797	167	4	that	that	SCONJ
ajeer-5797	167	5	the	the	DET
ajeer-5797	167	6	structure	structure	NOUN
ajeer-5797	167	7	of	of	ADP
ajeer-5797	167	8	matrix	matrix	NOUN
ajeer-5797	167	9	a	a	PRON
ajeer-5797	167	10	in	in	ADP
ajeer-5797	167	11	equation	equation	NOUN
ajeer-5797	167	12	2	2	NUM
ajeer-5797	167	13	determines	determine	VERB
ajeer-5797	167	14	the	the	DET
ajeer-5797	167	15	interpretation	interpretation	NOUN
ajeer-5797	167	16	of	of	ADP
ajeer-5797	167	17	structural	structural	ADJ
ajeer-5797	167	18	shocks	shock	NOUN
ajeer-5797	167	19	,	,	PUNCT
ajeer-5797	167	20	and	and	CCONJ
ajeer-5797	167	21	hence	hence	ADV
ajeer-5797	167	22	their	their	PRON
ajeer-5797	167	23	volatilityℎ̃𝑡.	volatilityℎ̃𝑡.	PROPN
ajeer-5797	167	24	equation	equation	NOUN
ajeer-5797	168	1	4	4	NUM
ajeer-5797	168	2	’s	’s	PART
ajeer-5797	168	3	lower	low	ADJ
ajeer-5797	168	4	triangular	triangular	NOUN
ajeer-5797	168	5	structure	structure	NOUN
ajeer-5797	168	6	for	for	ADP
ajeer-5797	168	7	a	a	DET
ajeer-5797	168	8	suggests	suggest	NOUN
ajeer-5797	168	9	that	that	SCONJ
ajeer-5797	168	10	we	we	PRON
ajeer-5797	168	11	can	can	AUX
ajeer-5797	168	12	interpret	interpret	VERB
ajeer-5797	168	13	the	the	DET
ajeer-5797	168	14	monetary	monetary	ADJ
ajeer-5797	168	15	policy	policy	NOUN
ajeer-5797	168	16	shock	shock	NOUN
ajeer-5797	168	17	's	's	PART
ajeer-5797	168	18	log	log	NOUN
ajeer-5797	168	19	volatility	volatility	NOUN
ajeer-5797	168	20	,	,	PUNCT
ajeer-5797	168	21	limiting	limit	VERB
ajeer-5797	168	22	its	its	PRON
ajeer-5797	168	23	impact	impact	NOUN
ajeer-5797	168	24	on	on	ADP
ajeer-5797	168	25	gdp	gdp	NOUN
ajeer-5797	168	26	growth	growth	NOUN
ajeer-5797	168	27	and	and	CCONJ
ajeer-5797	168	28	inflation	inflation	NOUN
ajeer-5797	168	29	during	during	ADP
ajeer-5797	168	30	the	the	DET
ajeer-5797	168	31	current	current	ADJ
ajeer-5797	168	32	period	period	NOUN
ajeer-5797	168	33	.	.	PUNCT
ajeer-5797	169	1	the	the	DET
ajeer-5797	169	2	appropriate	appropriate	ADJ
ajeer-5797	169	3	placement	placement	NOUN
ajeer-5797	169	4	of	of	ADP
ajeer-5797	169	5	the	the	DET
ajeer-5797	169	6	economic	economic	ADJ
ajeer-5797	169	7	interpretation	interpretation	NOUN
ajeer-5797	169	8	of	of	ADP
ajeer-5797	169	9	the	the	DET
ajeer-5797	169	10	structural	structural	ADJ
ajeer-5797	169	11	shocks	shock	NOUN
ajeer-5797	169	12	is	be	AUX
ajeer-5797	169	13	important	important	ADJ
ajeer-5797	169	14	because	because	SCONJ
ajeer-5797	169	15	it	it	PRON
ajeer-5797	169	16	allows	allow	VERB
ajeer-5797	169	17	the	the	DET
ajeer-5797	169	18	model	model	NOUN
ajeer-5797	169	19	to	to	PART
ajeer-5797	169	20	tackle	tackle	VERB
ajeer-5797	169	21	the	the	DET
ajeer-5797	169	22	analysis	analysis	NOUN
ajeer-5797	169	23	of	of	ADP
ajeer-5797	169	24	volatility	volatility	NOUN
ajeer-5797	169	25	's	's	PART
ajeer-5797	169	26	impact	impact	NOUN
ajeer-5797	169	27	in	in	ADP
ajeer-5797	169	28	a	a	DET
ajeer-5797	169	29	theoretically	theoretically	ADV
ajeer-5797	169	30	consistent	consistent	ADJ
ajeer-5797	169	31	manner	manner	NOUN
ajeer-5797	169	32	.	.	PUNCT
ajeer-5797	170	1	alternatively	alternatively	ADV
ajeer-5797	170	2	,	,	PUNCT
ajeer-5797	170	3	one	one	PRON
ajeer-5797	170	4	may	may	AUX
ajeer-5797	170	5	consider	consider	VERB
ajeer-5797	170	6	inequality	inequality	NOUN
ajeer-5797	170	7	or	or	CCONJ
ajeer-5797	170	8	sign	sign	VERB
ajeer-5797	170	9	restrictions	restriction	NOUN
ajeer-5797	170	10	on	on	ADP
ajeer-5797	170	11	the	the	DET
ajeer-5797	170	12	off	off	ADV
ajeer-5797	170	13	-	-	PUNCT
ajeer-5797	170	14	diagonal	diagonal	ADJ
ajeer-5797	170	15	elements	element	NOUN
ajeer-5797	170	16	of	of	ADP
ajeer-5797	170	17	a	a	PRON
ajeer-5797	170	18	as	as	ADP
ajeer-5797	170	19	a	a	DET
ajeer-5797	170	20	device	device	NOUN
ajeer-5797	170	21	to	to	PART
ajeer-5797	170	22	identify	identify	VERB
ajeer-5797	170	23	the	the	DET
ajeer-5797	170	24	shocks	shock	NOUN
ajeer-5797	170	25	.	.	PUNCT
ajeer-5797	171	1	third	third	ADJ
ajeer-5797	171	2	,	,	PUNCT
ajeer-5797	171	3	the	the	DET
ajeer-5797	171	4	transition	transition	NOUN
ajeer-5797	171	5	equation	equation	NOUN
ajeer-5797	171	6	5	5	NUM
ajeer-5797	171	7	allows	allow	VERB
ajeer-5797	171	8	for	for	ADP
ajeer-5797	171	9	dynamic	dynamic	ADJ
ajeer-5797	171	10	interaction	interaction	NOUN
ajeer-5797	171	11	among	among	ADP
ajeer-5797	171	12	volatilities	volatility	NOUN
ajeer-5797	171	13	and	and	CCONJ
ajeer-5797	171	14	endogenous	endogenous	ADJ
ajeer-5797	171	15	variables	variable	NOUN
ajeer-5797	171	16	,	,	PUNCT
ajeer-5797	171	17	thus	thus	ADV
ajeer-5797	171	18	capturing	capture	VERB
ajeer-5797	171	19	any	any	DET
ajeer-5797	171	20	feedback	feedback	NOUN
ajeer-5797	171	21	effects	effect	NOUN
ajeer-5797	171	22	that	that	PRON
ajeer-5797	171	23	may	may	AUX
ajeer-5797	171	24	be	be	AUX
ajeer-5797	171	25	present	present	ADJ
ajeer-5797	171	26	in	in	ADP
ajeer-5797	171	27	the	the	DET
ajeer-5797	171	28	data	datum	NOUN
ajeer-5797	171	29	.	.	PUNCT
ajeer-5797	172	1	3.2.1	3.2.1	NUM
ajeer-5797	172	2	.	.	X
ajeer-5797	172	3	identification	identification	NOUN
ajeer-5797	172	4	scheme	scheme	VERB
ajeer-5797	172	5	the	the	DET
ajeer-5797	172	6	structure	structure	NOUN
ajeer-5797	172	7	of	of	ADP
ajeer-5797	172	8	𝛽𝑖	𝛽𝑖	NOUN
ajeer-5797	172	9	and	and	CCONJ
ajeer-5797	172	10	𝛷𝑖	𝛷𝑖	PROPN
ajeer-5797	172	11	incorporates	incorporate	VERB
ajeer-5797	172	12	a	a	DET
ajeer-5797	172	13	small	small	ADJ
ajeer-5797	172	14	open	open	ADJ
ajeer-5797	172	15	economy	economy	NOUN
ajeer-5797	172	16	assumption	assumption	NOUN
ajeer-5797	172	17	for	for	ADP
ajeer-5797	172	18	indonesia	indonesia	PROPN
ajeer-5797	172	19	.	.	PUNCT
ajeer-5797	173	1	we	we	PRON
ajeer-5797	173	2	incorporate	incorporate	VERB
ajeer-5797	173	3	the	the	DET
ajeer-5797	173	4	prior	prior	ADJ
ajeer-5797	173	5	belief	belief	NOUN
ajeer-5797	173	6	that	that	SCONJ
ajeer-5797	173	7	lagged	lag	VERB
ajeer-5797	173	8	indonesia	indonesia	PROPN
ajeer-5797	173	9	’s	’s	PART
ajeer-5797	173	10	endogenous	endogenous	ADJ
ajeer-5797	173	11	variables	variable	NOUN
ajeer-5797	173	12	and	and	CCONJ
ajeer-5797	173	13	(	(	PUNCT
ajeer-5797	173	14	lagged	lag	VERB
ajeer-5797	173	15	and	and	CCONJ
ajeer-5797	173	16	contemporaneous	contemporaneous	ADJ
ajeer-5797	173	17	)	)	PUNCT
ajeer-5797	173	18	stochastic	stochastic	ADJ
ajeer-5797	173	19	volatilities	volatility	NOUN
ajeer-5797	173	20	have	have	VERB
ajeer-5797	173	21	a	a	DET
ajeer-5797	173	22	negligible	negligible	ADJ
ajeer-5797	173	23	impact	impact	NOUN
ajeer-5797	173	24	on	on	ADP
ajeer-5797	173	25	the	the	DET
ajeer-5797	173	26	exogenous	exogenous	ADJ
ajeer-5797	173	27	variables	variable	NOUN
ajeer-5797	173	28	(	(	PUNCT
ajeer-5797	173	29	global	global	ADJ
ajeer-5797	173	30	oil	oil	NOUN
ajeer-5797	173	31	prices	price	NOUN
ajeer-5797	173	32	and	and	CCONJ
ajeer-5797	173	33	us	we	PRON
ajeer-5797	173	34	monetary	monetary	ADJ
ajeer-5797	173	35	policy	policy	NOUN
ajeer-5797	173	36	)	)	PUNCT
ajeer-5797	173	37	.	.	PUNCT
ajeer-5797	174	1	in	in	ADP
ajeer-5797	174	2	our	our	PRON
ajeer-5797	174	3	benchmark	benchmark	NOUN
ajeer-5797	174	4	model	model	NOUN
ajeer-5797	174	5	,	,	PUNCT
ajeer-5797	174	6	the	the	DET
ajeer-5797	174	7	contemporaneous	contemporaneous	ADJ
ajeer-5797	174	8	and	and	CCONJ
ajeer-5797	174	9	the	the	DET
ajeer-5797	174	10	lagged	lag	VERB
ajeer-5797	174	11	value	value	NOUN
ajeer-5797	174	12	ofℎ̃𝑖𝑡	ofℎ̃𝑖𝑡	PROPN
ajeer-5797	174	13	affect𝑍𝑡ed	affect𝑍𝑡ed	PROPN
ajeer-5797	174	14	.	.	PUNCT
ajeer-5797	175	1	the	the	DET
ajeer-5797	175	2	global	global	ADJ
ajeer-5797	175	3	oil	oil	NOUN
ajeer-5797	175	4	prices	price	NOUN
ajeer-5797	175	5	and	and	CCONJ
ajeer-5797	175	6	us	we	PRON
ajeer-5797	175	7	monetary	monetary	ADJ
ajeer-5797	175	8	policy	policy	NOUN
ajeer-5797	175	9	is	be	AUX
ajeer-5797	175	10	assumed	assume	VERB
ajeer-5797	175	11	to	to	PART
ajeer-5797	175	12	be	be	AUX
ajeer-5797	175	13	completely	completely	ADV
ajeer-5797	175	14	exogenous	exogenous	ADJ
ajeer-5797	175	15	to	to	ADP
ajeer-5797	175	16	the	the	DET
ajeer-5797	175	17	domestic	domestic	ADJ
ajeer-5797	175	18	variables	variable	NOUN
ajeer-5797	175	19	.	.	PUNCT
ajeer-5797	176	1	it	it	PRON
ajeer-5797	176	2	is	be	AUX
ajeer-5797	176	3	common	common	ADJ
ajeer-5797	176	4	knowledge	knowledge	NOUN
ajeer-5797	176	5	to	to	PART
ajeer-5797	176	6	identify	identify	VERB
ajeer-5797	176	7	that	that	SCONJ
ajeer-5797	176	8	the	the	DET
ajeer-5797	176	9	foreign	foreign	ADJ
ajeer-5797	176	10	variable	variable	NOUN
ajeer-5797	176	11	does	do	AUX
ajeer-5797	176	12	not	not	PART
ajeer-5797	176	13	respond	respond	VERB
ajeer-5797	176	14	contemporaneously	contemporaneously	ADV
ajeer-5797	176	15	or	or	CCONJ
ajeer-5797	176	16	with	with	ADP
ajeer-5797	176	17	lags	lag	NOUN
ajeer-5797	176	18	to	to	ADP
ajeer-5797	176	19	the	the	DET
ajeer-5797	176	20	movement	movement	NOUN
ajeer-5797	176	21	in	in	ADP
ajeer-5797	176	22	the	the	DET
ajeer-5797	176	23	domestic	domestic	ADJ
ajeer-5797	176	24	variables	variable	NOUN
ajeer-5797	176	25	in	in	ADP
ajeer-5797	176	26	a	a	DET
ajeer-5797	176	27	small	small	ADJ
ajeer-5797	176	28	-	-	PUNCT
ajeer-5797	176	29	open	open	ADJ
ajeer-5797	176	30	economy	economy	NOUN
ajeer-5797	176	31	because	because	SCONJ
ajeer-5797	176	32	such	such	ADJ
ajeer-5797	176	33	economies	economy	NOUN
ajeer-5797	176	34	have	have	VERB
ajeer-5797	176	35	no	no	DET
ajeer-5797	176	36	powerful	powerful	ADJ
ajeer-5797	176	37	impact	impact	NOUN
ajeer-5797	176	38	on	on	ADP
ajeer-5797	176	39	the	the	DET
ajeer-5797	176	40	advanced	advanced	ADJ
ajeer-5797	176	41	economy	economy	NOUN
ajeer-5797	176	42	.	.	PUNCT
ajeer-5797	177	1	it	it	PRON
ajeer-5797	177	2	is	be	AUX
ajeer-5797	177	3	important	important	ADJ
ajeer-5797	177	4	to	to	PART
ajeer-5797	177	5	note	note	VERB
ajeer-5797	177	6	that	that	SCONJ
ajeer-5797	177	7	the	the	DET
ajeer-5797	177	8	way	way	NOUN
ajeer-5797	177	9	variables	variable	VERB
ajeer-5797	177	10	influence	influence	VERB
ajeer-5797	177	11	each	each	DET
ajeer-5797	177	12	other	other	ADJ
ajeer-5797	177	13	is	be	AUX
ajeer-5797	177	14	based	base	VERB
ajeer-5797	177	15	on	on	ADP
ajeer-5797	177	16	economic	economic	ADJ
ajeer-5797	177	17	theory	theory	NOUN
ajeer-5797	177	18	and	and	CCONJ
ajeer-5797	177	19	depends	depend	VERB
ajeer-5797	177	20	on	on	ADP
ajeer-5797	177	21	their	their	PRON
ajeer-5797	177	22	position	position	NOUN
ajeer-5797	177	23	in	in	ADP
ajeer-5797	177	24	the	the	DET
ajeer-5797	177	25	identification	identification	NOUN
ajeer-5797	177	26	scheme	scheme	NOUN
ajeer-5797	177	27	.	.	PUNCT
ajeer-5797	178	1	hence	hence	ADV
ajeer-5797	178	2	,	,	PUNCT
ajeer-5797	178	3	we	we	PRON
ajeer-5797	178	4	assume	assume	VERB
ajeer-5797	178	5	that	that	SCONJ
ajeer-5797	178	6	domestic	domestic	ADJ
ajeer-5797	178	7	variables	variable	NOUN
ajeer-5797	178	8	are	be	AUX
ajeer-5797	178	9	deemed	deem	VERB
ajeer-5797	178	10	not	not	PART
ajeer-5797	178	11	to	to	PART
ajeer-5797	178	12	affect	affect	VERB
ajeer-5797	178	13	the	the	DET
ajeer-5797	178	14	foreign	foreign	ADJ
ajeer-5797	178	15	variables	variable	NOUN
ajeer-5797	178	16	,	,	PUNCT
ajeer-5797	178	17	and	and	CCONJ
ajeer-5797	178	18	the	the	DET
ajeer-5797	178	19	transmission	transmission	NOUN
ajeer-5797	178	20	of	of	ADP
ajeer-5797	178	21	foreign	foreign	ADJ
ajeer-5797	178	22	shocks	shock	NOUN
ajeer-5797	178	23	to	to	ADP
ajeer-5797	178	24	the	the	DET
ajeer-5797	178	25	domestic	domestic	ADJ
ajeer-5797	178	26	economy	economy	NOUN
ajeer-5797	178	27	can	can	AUX
ajeer-5797	178	28	be	be	AUX
ajeer-5797	178	29	very	very	ADV
ajeer-5797	178	30	rapid	rapid	ADJ
ajeer-5797	178	31	(	(	PUNCT
ajeer-5797	178	32	berkelmans	berkelman	NOUN
ajeer-5797	178	33	,	,	PUNCT
ajeer-5797	178	34	2005	2005	NUM
ajeer-5797	178	35	)	)	PUNCT
ajeer-5797	178	36	.	.	PUNCT
ajeer-5797	179	1	the	the	DET
ajeer-5797	179	2	non	non	ADJ
ajeer-5797	179	3	-	-	ADJ
ajeer-5797	179	4	zero	zero	NUM
ajeer-5797	179	5	coefficients	coefficient	NOUN
ajeer-5797	179	6	(	(	PUNCT
ajeer-5797	179	7	�	�	PROPN
ajeer-5797	179	8	̃	̃	NOUN
ajeer-5797	179	9	�	�	NOUN
ajeer-5797	179	10	𝑘𝑗	𝑘𝑗	NOUN
ajeer-5797	179	11	)	)	PUNCT
ajeer-5797	179	12	in	in	ADP
ajeer-5797	179	13	the	the	DET
ajeer-5797	179	14	matrices	matrix	NOUN
ajeer-5797	179	15	indicate	indicate	VERB
ajeer-5797	179	16	that	that	SCONJ
ajeer-5797	179	17	the	the	DET
ajeer-5797	179	18	variable𝑗	variable𝑗	NOUN
ajeer-5797	179	19	affects	affect	VERB
ajeer-5797	179	20	the	the	DET
ajeer-5797	179	21	variable𝑘	variable𝑘	NOUN
ajeer-5797	179	22	instantaneously	instantaneously	ADV
ajeer-5797	179	23	.	.	PUNCT
ajeer-5797	180	1	in	in	ADP
ajeer-5797	180	2	the	the	DET
ajeer-5797	180	3	a	a	DET
ajeer-5797	180	4	matrix	matrix	NOUN
ajeer-5797	180	5	above	above	ADV
ajeer-5797	180	6	,	,	PUNCT
ajeer-5797	180	7	the	the	DET
ajeer-5797	180	8	first	first	ADJ
ajeer-5797	180	9	two	two	NUM
ajeer-5797	180	10	rows	row	NOUN
ajeer-5797	180	11	measure	measure	VERB
ajeer-5797	180	12	the	the	DET
ajeer-5797	180	13	effect	effect	NOUN
ajeer-5797	180	14	of	of	ADP
ajeer-5797	180	15	global	global	ADJ
ajeer-5797	180	16	oil	oil	NOUN
ajeer-5797	180	17	prices	price	NOUN
ajeer-5797	180	18	and	and	CCONJ
ajeer-5797	180	19	us	we	PRON
ajeer-5797	180	20	monetary	monetary	ADJ
ajeer-5797	180	21	policy	policy	NOUN
ajeer-5797	180	22	spillovers	spillover	NOUN
ajeer-5797	180	23	on	on	ADP
ajeer-5797	180	24	indonesia	indonesia	PROPN
ajeer-5797	180	25	’s	’s	PART
ajeer-5797	180	26	economy	economy	NOUN
ajeer-5797	180	27	.	.	PUNCT
ajeer-5797	181	1	the	the	DET
ajeer-5797	181	2	third	third	ADJ
ajeer-5797	181	3	and	and	CCONJ
ajeer-5797	181	4	fourth	fourth	ADJ
ajeer-5797	181	5	equations	equation	NOUN
ajeer-5797	181	6	represent	represent	VERB
ajeer-5797	181	7	output	output	NOUN
ajeer-5797	181	8	and	and	CCONJ
ajeer-5797	181	9	inflation	inflation	NOUN
ajeer-5797	181	10	dynamics	dynamic	NOUN
ajeer-5797	181	11	.	.	PUNCT
ajeer-5797	182	1	based	base	VERB
ajeer-5797	182	2	on	on	ADP
ajeer-5797	182	3	the	the	DET
ajeer-5797	182	4	small	small	ADJ
ajeer-5797	182	5	open	open	ADJ
ajeer-5797	182	6	economy	economy	NOUN
ajeer-5797	182	7	new	new	ADJ
ajeer-5797	182	8	keynesian	keynesian	ADJ
ajeer-5797	182	9	model	model	NOUN
ajeer-5797	182	10	,	,	PUNCT
ajeer-5797	182	11	inflation	inflation	NOUN
ajeer-5797	182	12	is	be	AUX
ajeer-5797	182	13	a	a	DET
ajeer-5797	182	14	function	function	NOUN
ajeer-5797	182	15	of	of	ADP
ajeer-5797	182	16	output	output	NOUN
ajeer-5797	182	17	,	,	PUNCT
ajeer-5797	182	18	monetary	monetary	ADJ
ajeer-5797	182	19	policy	policy	NOUN
ajeer-5797	182	20	,	,	PUNCT
ajeer-5797	182	21	and	and	CCONJ
ajeer-5797	182	22	exchange	exchange	NOUN
ajeer-5797	182	23	rate	rate	NOUN
ajeer-5797	182	24	,	,	PUNCT
ajeer-5797	182	25	while	while	SCONJ
ajeer-5797	182	26	output	output	NOUN
ajeer-5797	182	27	dynamics	dynamic	NOUN
ajeer-5797	182	28	is	be	AUX
ajeer-5797	182	29	modelled	model	VERB
ajeer-5797	182	30	as	as	ADP
ajeer-5797	182	31	a	a	DET
ajeer-5797	182	32	function	function	NOUN
ajeer-5797	182	33	of	of	ADP
ajeer-5797	182	34	output	output	NOUN
ajeer-5797	182	35	,	,	PUNCT
ajeer-5797	182	36	inflation	inflation	NOUN
ajeer-5797	182	37	,	,	PUNCT
ajeer-5797	182	38	monetary	monetary	ADJ
ajeer-5797	182	39	policy	policy	NOUN
ajeer-5797	182	40	,	,	PUNCT
ajeer-5797	182	41	and	and	CCONJ
ajeer-5797	182	42	exchange	exchange	NOUN
ajeer-5797	182	43	rate	rate	NOUN
ajeer-5797	182	44	.	.	PUNCT
ajeer-5797	183	1	therefore	therefore	ADV
ajeer-5797	183	2	,	,	PUNCT
ajeer-5797	183	3	while	while	SCONJ
ajeer-5797	183	4	the	the	DET
ajeer-5797	183	5	real	real	ADJ
ajeer-5797	183	6	gdp	gdp	NOUN
ajeer-5797	183	7	responds	respond	VERB
ajeer-5797	183	8	instantaneously	instantaneously	ADV
ajeer-5797	183	9	to	to	ADP
ajeer-5797	183	10	oil	oil	NOUN
ajeer-5797	183	11	prices	price	NOUN
ajeer-5797	183	12	and	and	CCONJ
ajeer-5797	183	13	us	we	PRON
ajeer-5797	183	14	monetary	monetary	ADJ
ajeer-5797	183	15	policy	policy	NOUN
ajeer-5797	183	16	,	,	PUNCT
ajeer-5797	183	17	inf	inf	NOUN
ajeer-5797	183	18	,	,	PUNCT
ajeer-5797	183	19	and	and	CCONJ
ajeer-5797	183	20	mpr	mpr	NOUN
ajeer-5797	183	21	,	,	PUNCT
ajeer-5797	183	22	inflation	inflation	NOUN
ajeer-5797	183	23	responds	respond	VERB
ajeer-5797	183	24	contemporaneously	contemporaneously	ADV
ajeer-5797	183	25	to	to	ADP
ajeer-5797	183	26	mprus	mprus	PROPN
ajeer-5797	183	27	,	,	PUNCT
ajeer-5797	183	28	gdp	gdp	NOUN
ajeer-5797	183	29	,	,	PUNCT
ajeer-5797	183	30	and	and	CCONJ
ajeer-5797	183	31	mpr	mpr	NOUN
ajeer-5797	183	32	.	.	PUNCT
ajeer-5797	184	1	the	the	DET
ajeer-5797	184	2	fifth	fifth	ADJ
ajeer-5797	184	3	row	row	NOUN
ajeer-5797	184	4	indicates	indicate	VERB
ajeer-5797	184	5	the	the	DET
ajeer-5797	184	6	monetary	monetary	ADJ
ajeer-5797	184	7	policy	policy	NOUN
ajeer-5797	184	8	equation	equation	NOUN
ajeer-5797	184	9	for	for	ADP
ajeer-5797	184	10	indonesia	indonesia	PROPN
ajeer-5797	184	11	in	in	ADP
ajeer-5797	184	12	accordance	accordance	NOUN
ajeer-5797	184	13	with	with	ADP
ajeer-5797	184	14	the	the	DET
ajeer-5797	184	15	modified	modify	VERB
ajeer-5797	184	16	soe	soe	PROPN
ajeer-5797	184	17	-	-	PUNCT
ajeer-5797	184	18	taylor	taylor	PROPN
ajeer-5797	184	19	's	's	PART
ajeer-5797	184	20	rule	rule	NOUN
ajeer-5797	184	21	,	,	PUNCT
ajeer-5797	184	22	where	where	SCONJ
ajeer-5797	184	23	mpr	mpr	NOUN
ajeer-5797	184	24	responds	respond	VERB
ajeer-5797	184	25	contemporaneously	contemporaneously	ADV
ajeer-5797	184	26	to	to	ADP
ajeer-5797	184	27	mprus	mprus	PROPN
ajeer-5797	184	28	,	,	PUNCT
ajeer-5797	184	29	inf	inf	NOUN
ajeer-5797	184	30	,	,	PUNCT
ajeer-5797	184	31	and	and	CCONJ
ajeer-5797	184	32	gdp	gdp	PROPN
ajeer-5797	184	33	.	.	PROPN
ajeer-5797	184	34	rows	row	VERB
ajeer-5797	184	35	6	6	NUM
ajeer-5797	184	36	and	and	CCONJ
ajeer-5797	184	37	7	7	NUM
ajeer-5797	184	38	indicate	indicate	VERB
ajeer-5797	184	39	that	that	SCONJ
ajeer-5797	184	40	while	while	SCONJ
ajeer-5797	184	41	stock	stock	NOUN
ajeer-5797	184	42	market	market	NOUN
ajeer-5797	184	43	returns	return	NOUN
ajeer-5797	184	44	respond	respond	VERB
ajeer-5797	184	45	to	to	ADP
ajeer-5797	184	46	global	global	ADJ
ajeer-5797	184	47	oil	oil	NOUN
ajeer-5797	184	48	prices	price	NOUN
ajeer-5797	184	49	,	,	PUNCT
ajeer-5797	184	50	us	we	PRON
ajeer-5797	184	51	monetary	monetary	ADJ
ajeer-5797	184	52	policy	policy	NOUN
ajeer-5797	184	53	,	,	PUNCT
ajeer-5797	184	54	domestic	domestic	ADJ
ajeer-5797	184	55	monetary	monetary	ADJ
ajeer-5797	184	56	policy	policy	NOUN
ajeer-5797	184	57	,	,	PUNCT
ajeer-5797	184	58	output	output	NOUN
ajeer-5797	184	59	,	,	PUNCT
ajeer-5797	184	60	and	and	CCONJ
ajeer-5797	184	61	inflation	inflation	NOUN
ajeer-5797	184	62	,	,	PUNCT
ajeer-5797	184	63	the	the	DET
ajeer-5797	184	64	exchange	exchange	NOUN
ajeer-5797	184	65	rate	rate	NOUN
ajeer-5797	184	66	responds	respond	VERB
ajeer-5797	184	67	instantaneously	instantaneously	ADV
ajeer-5797	184	68	to	to	ADP
ajeer-5797	184	69	all	all	DET
ajeer-5797	184	70	the	the	DET
ajeer-5797	184	71	variables	variable	NOUN
ajeer-5797	184	72	(	(	PUNCT
ajeer-5797	184	73	see	see	VERB
ajeer-5797	184	74	elbourne	elbourne	ADJ
ajeer-5797	184	75	and	and	CCONJ
ajeer-5797	184	76	de	de	X
ajeer-5797	184	77	haan	haan	PROPN
ajeer-5797	184	78	(	(	PUNCT
ajeer-5797	184	79	2006	2006	NUM
ajeer-5797	184	80	)	)	PUNCT
ajeer-5797	184	81	)	)	PUNCT
ajeer-5797	184	82	.	.	PUNCT
ajeer-5797	185	1	3.2.2	3.2.2	NUM
ajeer-5797	185	2	.	.	PUNCT
ajeer-5797	186	1	identification	identification	NOUN
ajeer-5797	186	2	of	of	ADP
ajeer-5797	186	3	us	we	PRON
ajeer-5797	186	4	monetary	monetary	ADJ
ajeer-5797	186	5	policy	policy	NOUN
ajeer-5797	186	6	shocks	shock	NOUN
ajeer-5797	186	7	to	to	PART
ajeer-5797	186	8	identify	identify	VERB
ajeer-5797	186	9	the	the	DET
ajeer-5797	186	10	us	us	PROPN
ajeer-5797	186	11	monetary	monetary	ADJ
ajeer-5797	186	12	policy	policy	NOUN
ajeer-5797	186	13	shock	shock	NOUN
ajeer-5797	186	14	,	,	PUNCT
ajeer-5797	186	15	we	we	PRON
ajeer-5797	186	16	follow	follow	VERB
ajeer-5797	186	17	the	the	DET
ajeer-5797	186	18	lead	lead	NOUN
ajeer-5797	186	19	of	of	ADP
ajeer-5797	186	20	tillmann	tillmann	PROPN
ajeer-5797	186	21	et	et	PROPN
ajeer-5797	186	22	al	al	PROPN
ajeer-5797	186	23	.	.	PROPN
ajeer-5797	187	1	(	(	PUNCT
ajeer-5797	187	2	2019	2019	NUM
ajeer-5797	187	3	)	)	PUNCT
ajeer-5797	187	4	and	and	CCONJ
ajeer-5797	187	5	canova	canova	X
ajeer-5797	187	6	(	(	PUNCT
ajeer-5797	187	7	2005	2005	NUM
ajeer-5797	187	8	)	)	PUNCT
ajeer-5797	188	1	to	to	PART
ajeer-5797	188	2	derive	derive	VERB
ajeer-5797	188	3	the	the	DET
ajeer-5797	188	4	shock	shock	NOUN
ajeer-5797	188	5	component	component	NOUN
ajeer-5797	188	6	from	from	ADP
ajeer-5797	188	7	an	an	DET
ajeer-5797	188	8	estimated	estimate	VERB
ajeer-5797	188	9	var	var	NOUN
ajeer-5797	188	10	for	for	ADP
ajeer-5797	188	11	the	the	DET
ajeer-5797	188	12	us	us	PROPN
ajeer-5797	188	13	.	.	PUNCT
ajeer-5797	189	1	the	the	DET
ajeer-5797	189	2	auxiliary	auxiliary	ADJ
ajeer-5797	189	3	var	var	NOUN
ajeer-5797	189	4	includes	include	VERB
ajeer-5797	189	5	real	real	ADJ
ajeer-5797	189	6	economic	economic	ADJ
ajeer-5797	189	7	activity	activity	NOUN
ajeer-5797	189	8	measured	measure	VERB
ajeer-5797	189	9	by	by	ADP
ajeer-5797	189	10	the	the	DET
ajeer-5797	189	11	change	change	NOUN
ajeer-5797	189	12	in	in	ADP
ajeer-5797	189	13	industrial	industrial	ADJ
ajeer-5797	189	14	production	production	NOUN
ajeer-5797	189	15	and	and	CCONJ
ajeer-5797	189	16	the	the	DET
ajeer-5797	189	17	change	change	NOUN
ajeer-5797	189	18	in	in	ADP
ajeer-5797	189	19	the	the	DET
ajeer-5797	189	20	consumer	consumer	NOUN
ajeer-5797	189	21	price	price	NOUN
ajeer-5797	189	22	index	index	NOUN
ajeer-5797	189	23	,	,	PUNCT
ajeer-5797	189	24	as	as	ADV
ajeer-5797	189	25	well	well	ADV
ajeer-5797	189	26	as	as	ADP
ajeer-5797	189	27	the	the	DET
ajeer-5797	189	28	change	change	NOUN
ajeer-5797	189	29	in	in	ADP
ajeer-5797	189	30	krippner	krippner	NOUN
ajeer-5797	189	31	(	(	PUNCT
ajeer-5797	189	32	2020	2020	NUM
ajeer-5797	189	33	)	)	PUNCT
ajeer-5797	189	34	shadow	shadow	NOUN
ajeer-5797	189	35	rate	rate	NOUN
ajeer-5797	189	36	.	.	PUNCT
ajeer-5797	190	1	we	we	PRON
ajeer-5797	190	2	estimated	estimate	VERB
ajeer-5797	190	3	the	the	DET
ajeer-5797	190	4	shock	shock	NOUN
ajeer-5797	190	5	component	component	NOUN
ajeer-5797	190	6	of	of	ADP
ajeer-5797	190	7	the	the	DET
ajeer-5797	190	8	shadow	shadow	NOUN
ajeer-5797	190	9	rate	rate	NOUN
ajeer-5797	190	10	,	,	PUNCT
ajeer-5797	190	11	i.e.	i.e.	X
ajeer-5797	190	12	,	,	PUNCT
ajeer-5797	190	13	the	the	DET
ajeer-5797	190	14	unexpected	unexpected	ADJ
ajeer-5797	190	15	changes	change	NOUN
ajeer-5797	190	16	in	in	ADP
ajeer-5797	190	17	us	us	PROPN
ajeer-5797	190	18	monetary	monetary	ADJ
ajeer-5797	190	19	policy	policy	NOUN
ajeer-5797	190	20	stance	stance	NOUN
ajeer-5797	190	21	that	that	PRON
ajeer-5797	190	22	are	be	AUX
ajeer-5797	190	23	not	not	PART
ajeer-5797	190	24	the	the	DET
ajeer-5797	190	25	result	result	NOUN
ajeer-5797	190	26	of	of	ADP
ajeer-5797	190	27	the	the	DET
ajeer-5797	190	28	stability	stability	NOUN
ajeer-5797	190	29	of	of	ADP
ajeer-5797	190	30	the	the	DET
ajeer-5797	190	31	us	us	PROPN
ajeer-5797	190	32	economy	economy	NOUN
ajeer-5797	190	33	.	.	PUNCT
ajeer-5797	191	1	the	the	DET
ajeer-5797	191	2	shocking	shocking	ADJ
ajeer-5797	191	3	series	series	NOUN
ajeer-5797	191	4	obtained	obtain	VERB
ajeer-5797	191	5	by	by	ADP
ajeer-5797	191	6	imposing	impose	VERB
ajeer-5797	191	7	a	a	DET
ajeer-5797	191	8	cholesky	cholesky	ADJ
ajeer-5797	191	9	decomposition	decomposition	NOUN
ajeer-5797	191	10	of	of	ADP
ajeer-5797	191	11	the	the	DET
ajeer-5797	191	12	covariance	covariance	NOUN
ajeer-5797	191	13	matrix	matrix	NOUN
ajeer-5797	191	14	was	be	AUX
ajeer-5797	191	15	fed	feed	VERB
ajeer-5797	191	16	into	into	ADP
ajeer-5797	191	17	the	the	DET
ajeer-5797	191	18	var	var	NOUN
ajeer-5797	191	19	model	model	NOUN
ajeer-5797	191	20	for	for	SCONJ
ajeer-5797	191	21	the	the	DET
ajeer-5797	191	22	indonesian	indonesian	ADJ
ajeer-5797	191	23	economy	economy	NOUN
ajeer-5797	191	24	to	to	PART
ajeer-5797	191	25	account	account	VERB
ajeer-5797	191	26	for	for	ADP
ajeer-5797	191	27	the	the	DET
ajeer-5797	191	28	spillover	spillover	NOUN
ajeer-5797	191	29	effects	effect	NOUN
ajeer-5797	191	30	.	.	PUNCT
ajeer-5797	192	1	3.2.3	3.2.3	X
ajeer-5797	192	2	.	.	X
ajeer-5797	192	3	estimation	estimation	NOUN
ajeer-5797	192	4	technique	technique	NOUN
ajeer-5797	192	5	the	the	DET
ajeer-5797	192	6	models	model	NOUN
ajeer-5797	192	7	were	be	AUX
ajeer-5797	192	8	estimated	estimate	VERB
ajeer-5797	192	9	using	use	VERB
ajeer-5797	192	10	a	a	DET
ajeer-5797	192	11	standard	standard	ADJ
ajeer-5797	192	12	markov	markov	NOUN
ajeer-5797	192	13	chain	chain	NOUN
ajeer-5797	192	14	monte	monte	PROPN
ajeer-5797	192	15	carlo	carlo	PROPN
ajeer-5797	192	16	(	(	PUNCT
ajeer-5797	192	17	mcmc	mcmc	PROPN
ajeer-5797	192	18	)	)	PUNCT
ajeer-5797	192	19	method	method	NOUN
ajeer-5797	192	20	(	(	PUNCT
ajeer-5797	192	21	see	see	VERB
ajeer-5797	192	22	liu	liu	PROPN
ajeer-5797	192	23	and	and	CCONJ
ajeer-5797	192	24	morley	morley	PROPN
ajeer-5797	192	25	(	(	PUNCT
ajeer-5797	192	26	2014	2014	NUM
ajeer-5797	192	27	)	)	PUNCT
ajeer-5797	192	28	)	)	PUNCT
ajeer-5797	192	29	.	.	PUNCT
ajeer-5797	193	1	the	the	DET
ajeer-5797	193	2	technique	technique	NOUN
ajeer-5797	193	3	is	be	AUX
ajeer-5797	193	4	appealing	appeal	VERB
ajeer-5797	193	5	more	more	ADV
ajeer-5797	193	6	because	because	SCONJ
ajeer-5797	193	7	of	of	ADP
ajeer-5797	193	8	its	its	PRON
ajeer-5797	193	9	ability	ability	NOUN
ajeer-5797	193	10	to	to	PART
ajeer-5797	193	11	address	address	VERB
ajeer-5797	193	12	pile	pile	NOUN
ajeer-5797	193	13	-	-	PUNCT
ajeer-5797	193	14	up	up	ADP
ajeer-5797	193	15	problems	problem	NOUN
ajeer-5797	193	16	(	(	PUNCT
ajeer-5797	193	17	see	see	VERB
ajeer-5797	193	18	sargan	sargan	NOUN
ajeer-5797	193	19	and	and	CCONJ
ajeer-5797	193	20	bhargava	bhargava	PROPN
ajeer-5797	193	21	(	(	PUNCT
ajeer-5797	193	22	1983	1983	NUM
ajeer-5797	193	23	)	)	PUNCT
ajeer-5797	193	24	;	;	PUNCT
ajeer-5797	193	25	shephard	shephard	NOUN
ajeer-5797	193	26	and	and	CCONJ
ajeer-5797	193	27	harvey	harvey	PROPN
ajeer-5797	193	28	(	(	PUNCT
ajeer-5797	193	29	1990	1990	NUM
ajeer-5797	193	30	)	)	PUNCT
ajeer-5797	193	31	and	and	CCONJ
ajeer-5797	193	32	stock	stock	NOUN
ajeer-5797	193	33	and	and	CCONJ
ajeer-5797	193	34	watson	watson	PROPN
ajeer-5797	193	35	(	(	PUNCT
ajeer-5797	193	36	1998	1998	NUM
ajeer-5797	193	37	)	)	PUNCT
ajeer-5797	193	38	)	)	PUNCT
ajeer-5797	193	39	.	.	PUNCT
ajeer-5797	194	1	the	the	DET
ajeer-5797	194	2	high	high	ADJ
ajeer-5797	194	3	dimensionality	dimensionality	NOUN
ajeer-5797	194	4	and	and	CCONJ
ajeer-5797	194	5	nonlinearity	nonlinearity	NOUN
ajeer-5797	194	6	of	of	ADP
ajeer-5797	194	7	the	the	DET
ajeer-5797	194	8	problem	problem	NOUN
ajeer-5797	194	9	contribute	contribute	VERB
ajeer-5797	194	10	to	to	ADP
ajeer-5797	194	11	the	the	DET
ajeer-5797	194	12	preferability	preferability	NOUN
ajeer-5797	194	13	of	of	ADP
ajeer-5797	194	14	this	this	DET
ajeer-5797	194	15	econometric	econometric	ADJ
ajeer-5797	194	16	technique	technique	NOUN
ajeer-5797	194	17	.	.	PUNCT
ajeer-5797	195	1	such	such	DET
ajeer-5797	195	2	a	a	DET
ajeer-5797	195	3	model	model	NOUN
ajeer-5797	195	4	may	may	AUX
ajeer-5797	195	5	be	be	AUX
ajeer-5797	195	6	characterized	characterize	VERB
ajeer-5797	195	7	by	by	ADP
ajeer-5797	195	8	multiple	multiple	ADJ
ajeer-5797	195	9	peaks	peak	NOUN
ajeer-5797	195	10	,	,	PUNCT
ajeer-5797	195	11	some	some	PRON
ajeer-5797	195	12	of	of	ADP
ajeer-5797	195	13	which	which	PRON
ajeer-5797	195	14	are	be	AUX
ajeer-5797	195	15	in	in	ADP
ajeer-5797	195	16	uninteresting	uninteresting	ADJ
ajeer-5797	195	17	or	or	CCONJ
ajeer-5797	195	18	implausible	implausible	ADJ
ajeer-5797	195	19	regions	region	NOUN
ajeer-5797	195	20	of	of	ADP
ajeer-5797	195	21	the	the	DET
ajeer-5797	195	22	parameter	parameter	NOUN
ajeer-5797	195	23	space	space	NOUN
ajeer-5797	195	24	.	.	PUNCT
ajeer-5797	196	1	bayesian	bayesian	NOUN
ajeer-5797	196	2	methods	method	NOUN
ajeer-5797	196	3	efficiently	efficiently	ADV
ajeer-5797	196	4	deal	deal	VERB
ajeer-5797	196	5	with	with	ADP
ajeer-5797	196	6	the	the	DET
ajeer-5797	196	7	high	high	ADJ
ajeer-5797	196	8	dimension	dimension	NOUN
ajeer-5797	196	9	of	of	ADP
ajeer-5797	196	10	the	the	DET
ajeer-5797	196	11	parameter	parameter	NOUN
ajeer-5797	196	12	space	space	NOUN
ajeer-5797	196	13	and	and	CCONJ
ajeer-5797	196	14	the	the	DET
ajeer-5797	196	15	model	model	NOUN
ajeer-5797	196	16	's	's	PART
ajeer-5797	196	17	nonlinearities	nonlinearitie	NOUN
ajeer-5797	196	18	,	,	PUNCT
ajeer-5797	196	19	splitting	split	VERB
ajeer-5797	196	20	the	the	DET
ajeer-5797	196	21	original	original	ADJ
ajeer-5797	196	22	estimation	estimation	NOUN
ajeer-5797	196	23	problem	problem	NOUN
ajeer-5797	196	24	into	into	ADP
ajeer-5797	196	25	smaller	small	ADJ
ajeer-5797	196	26	and	and	CCONJ
ajeer-5797	196	27	simpler	simple	ADJ
ajeer-5797	196	28	ones	one	NOUN
ajeer-5797	196	29	.	.	PUNCT
ajeer-5797	197	1	here	here	ADV
ajeer-5797	197	2	,	,	PUNCT
ajeer-5797	197	3	we	we	PRON
ajeer-5797	197	4	use	use	VERB
ajeer-5797	197	5	gibb	gibb	PROPN
ajeer-5797	197	6	's	's	PART
ajeer-5797	197	7	sampling	sampling	NOUN
ajeer-5797	197	8	for	for	ADP
ajeer-5797	197	9	the	the	DET
ajeer-5797	197	10	posterior	posterior	ADJ
ajeer-5797	197	11	numerical	numerical	ADJ
ajeer-5797	197	12	evaluation	evaluation	NOUN
ajeer-5797	197	13	of	of	ADP
ajeer-5797	197	14	the	the	DET
ajeer-5797	197	15	parameters	parameter	NOUN
ajeer-5797	197	16	of	of	ADP
ajeer-5797	197	17	interest	interest	NOUN
ajeer-5797	197	18	.	.	PUNCT
ajeer-5797	198	1	gibb	gibb	PROPN
ajeer-5797	198	2	's	's	PART
ajeer-5797	198	3	sampling	sampling	NOUN
ajeer-5797	198	4	is	be	AUX
ajeer-5797	198	5	a	a	DET
ajeer-5797	198	6	particular	particular	ADJ
ajeer-5797	198	7	variant	variant	NOUN
ajeer-5797	198	8	of	of	ADP
ajeer-5797	198	9	markov	markov	NOUN
ajeer-5797	198	10	chain	chain	NOUN
ajeer-5797	198	11	monte	monte	PROPN
ajeer-5797	198	12	carlo	carlo	PROPN
ajeer-5797	198	13	(	(	PUNCT
ajeer-5797	198	14	mcmc	mcmc	PROPN
ajeer-5797	198	15	)	)	PUNCT
ajeer-5797	198	16	methods	method	NOUN
ajeer-5797	198	17	that	that	PRON
ajeer-5797	198	18	consists	consist	VERB
ajeer-5797	198	19	of	of	ADP
ajeer-5797	198	20	drawing	draw	VERB
ajeer-5797	198	21	from	from	ADP
ajeer-5797	198	22	lower	lower	ADV
ajeer-5797	198	23	-	-	PUNCT
ajeer-5797	198	24	dimensional	dimensional	ADJ
ajeer-5797	198	25	conditional	conditional	ADJ
ajeer-5797	198	26	posteriors	posterior	NOUN
ajeer-5797	198	27	.	.	PUNCT
ajeer-5797	199	1	when	when	SCONJ
ajeer-5797	199	2	direct	direct	ADJ
ajeer-5797	199	3	sampling	sampling	NOUN
ajeer-5797	199	4	proves	prove	VERB
ajeer-5797	199	5	difficult	difficult	ADJ
ajeer-5797	199	6	,	,	PUNCT
ajeer-5797	199	7	it	it	PRON
ajeer-5797	199	8	aids	aid	VERB
ajeer-5797	199	9	in	in	ADP
ajeer-5797	199	10	obtaining	obtain	VERB
ajeer-5797	199	11	an	an	DET
ajeer-5797	199	12	approximate	approximate	ADJ
ajeer-5797	199	13	sequence	sequence	NOUN
ajeer-5797	199	14	of	of	ADP
ajeer-5797	199	15	observations	observation	NOUN
ajeer-5797	199	16	from	from	ADP
ajeer-5797	199	17	a	a	DET
ajeer-5797	199	18	specified	specify	VERB
ajeer-5797	199	19	multivariate	multivariate	NOUN
ajeer-5797	199	20	probability	probability	NOUN
ajeer-5797	199	21	distribution	distribution	NOUN
ajeer-5797	199	22	.	.	PUNCT
ajeer-5797	200	1	finally	finally	ADV
ajeer-5797	200	2	,	,	PUNCT
ajeer-5797	200	3	observe	observe	VERB
ajeer-5797	200	4	that	that	SCONJ
ajeer-5797	200	5	mcmc	mcmc	PROPN
ajeer-5797	200	6	is	be	AUX
ajeer-5797	200	7	a	a	DET
ajeer-5797	200	8	smoothing	smoothing	NOUN
ajeer-5797	200	9	method	method	NOUN
ajeer-5797	200	10	and	and	CCONJ
ajeer-5797	200	11	therefore	therefore	ADV
ajeer-5797	200	12	delivers	deliver	VERB
ajeer-5797	200	13	smoothed	smoothed	ADJ
ajeer-5797	200	14	estimates	estimate	NOUN
ajeer-5797	200	15	,	,	PUNCT
ajeer-5797	200	16	i.e.	i.e.	X
ajeer-5797	200	17	,	,	PUNCT
ajeer-5797	200	18	estimates	estimate	NOUN
ajeer-5797	200	19	of	of	ADP
ajeer-5797	200	20	the	the	DET
ajeer-5797	200	21	parameters	parameter	NOUN
ajeer-5797	200	22	of	of	ADP
ajeer-5797	200	23	interest	interest	NOUN
ajeer-5797	200	24	based	base	VERB
ajeer-5797	200	25	on	on	ADP
ajeer-5797	200	26	the	the	DET
ajeer-5797	200	27	entire	entire	ADJ
ajeer-5797	200	28	available	available	ADJ
ajeer-5797	200	29	set	set	NOUN
ajeer-5797	200	30	of	of	ADP
ajeer-5797	200	31	data	datum	NOUN
ajeer-5797	200	32	.	.	PUNCT
ajeer-5797	201	1	4	4	X
ajeer-5797	201	2	.	.	NOUN
ajeer-5797	201	3	results	result	NOUN
ajeer-5797	201	4	and	and	CCONJ
ajeer-5797	201	5	discussions	discussion	NOUN
ajeer-5797	201	6	4.1	4.1	NUM
ajeer-5797	201	7	.	.	PUNCT
ajeer-5797	202	1	preliminary	preliminary	ADJ
ajeer-5797	202	2	analysis	analysis	NOUN
ajeer-5797	202	3	table	table	NOUN
ajeer-5797	202	4	1	1	NUM
ajeer-5797	202	5	displays	display	VERB
ajeer-5797	202	6	the	the	DET
ajeer-5797	202	7	basic	basic	ADJ
ajeer-5797	202	8	descriptive	descriptive	ADJ
ajeer-5797	202	9	statistics	statistic	NOUN
ajeer-5797	202	10	of	of	ADP
ajeer-5797	202	11	the	the	DET
ajeer-5797	202	12	data	datum	NOUN
ajeer-5797	202	13	used	use	VERB
ajeer-5797	202	14	in	in	ADP
ajeer-5797	202	15	this	this	DET
ajeer-5797	202	16	study	study	NOUN
ajeer-5797	202	17	.	.	PUNCT
ajeer-5797	203	1	the	the	DET
ajeer-5797	203	2	variables	variable	NOUN
ajeer-5797	203	3	described	describe	VERB
ajeer-5797	203	4	include	include	VERB
ajeer-5797	203	5	real	real	ADJ
ajeer-5797	203	6	activity	activity	NOUN
ajeer-5797	203	7	(	(	PUNCT
ajeer-5797	203	8	gdp	gdp	NOUN
ajeer-5797	203	9	)	)	PUNCT
ajeer-5797	203	10	,	,	PUNCT
ajeer-5797	203	11	inflation	inflation	NOUN
ajeer-5797	203	12	(	(	PUNCT
ajeer-5797	203	13	inf	inf	NOUN
ajeer-5797	203	14	)	)	PUNCT
ajeer-5797	203	15	,	,	PUNCT
ajeer-5797	203	16	and	and	CCONJ
ajeer-5797	203	17	monetary	monetary	ADJ
ajeer-5797	203	18	policy	policy	NOUN
ajeer-5797	203	19	rate	rate	NOUN
ajeer-5797	203	20	(	(	PUNCT
ajeer-5797	203	21	mpr	mpr	NOUN
ajeer-5797	203	22	)	)	PUNCT
ajeer-5797	203	23	for	for	ADP
ajeer-5797	203	24	both	both	CCONJ
ajeer-5797	203	25	indonesia	indonesia	PROPN
ajeer-5797	203	26	and	and	CCONJ
ajeer-5797	203	27	the	the	DET
ajeer-5797	203	28	us	us	PROPN
ajeer-5797	203	29	;	;	PUNCT
ajeer-5797	203	30	stock	stock	NOUN
ajeer-5797	203	31	market	market	NOUN
ajeer-5797	203	32	returns	return	NOUN
ajeer-5797	203	33	(	(	PUNCT
ajeer-5797	203	34	smr	smr	NOUN
ajeer-5797	203	35	)	)	PUNCT
ajeer-5797	203	36	;	;	PUNCT
ajeer-5797	203	37	and	and	CCONJ
ajeer-5797	203	38	exchange	exchange	NOUN
ajeer-5797	203	39	rate	rate	NOUN
ajeer-5797	203	40	(	(	PUNCT
ajeer-5797	203	41	exr	exr	PROPN
ajeer-5797	203	42	)	)	PUNCT
ajeer-5797	203	43	for	for	ADP
ajeer-5797	203	44	indonesia	indonesia	PROPN
ajeer-5797	203	45	;	;	PUNCT
ajeer-5797	203	46	and	and	CCONJ
ajeer-5797	203	47	global	global	ADJ
ajeer-5797	203	48	oil	oil	NOUN
ajeer-5797	203	49	prices	price	NOUN
ajeer-5797	203	50	as	as	ADP
ajeer-5797	203	51	a	a	DET
ajeer-5797	203	52	proxy	proxy	NOUN
ajeer-5797	203	53	for	for	ADP
ajeer-5797	203	54	global	global	ADJ
ajeer-5797	203	55	factors	factor	NOUN
ajeer-5797	203	56	.	.	PUNCT
ajeer-5797	204	1	the	the	DET
ajeer-5797	204	2	average	average	ADJ
ajeer-5797	204	3	real	real	ADJ
ajeer-5797	204	4	gdp	gdp	NOUN
ajeer-5797	204	5	,	,	PUNCT
ajeer-5797	204	6	inflation	inflation	NOUN
ajeer-5797	204	7	,	,	PUNCT
ajeer-5797	204	8	and	and	CCONJ
ajeer-5797	204	9	policy	policy	NOUN
ajeer-5797	204	10	rate	rate	NOUN
ajeer-5797	204	11	in	in	ADP
ajeer-5797	204	12	indonesia	indonesia	PROPN
ajeer-5797	204	13	are	be	AUX
ajeer-5797	204	14	higher	high	ADJ
ajeer-5797	204	15	than	than	ADP
ajeer-5797	204	16	in	in	ADP
ajeer-5797	204	17	the	the	DET
ajeer-5797	204	18	us	we	PRON
ajeer-5797	204	19	,	,	PUNCT
ajeer-5797	204	20	according	accord	VERB
ajeer-5797	204	21	to	to	ADP
ajeer-5797	204	22	the	the	DET
ajeer-5797	204	23	table	table	NOUN
ajeer-5797	204	24	.	.	PUNCT
ajeer-5797	205	1	asian	asian	ADJ
ajeer-5797	205	2	journal	journal	PROPN
ajeer-5797	205	3	of	of	ADP
ajeer-5797	205	4	economics	economic	NOUN
ajeer-5797	205	5	and	and	CCONJ
ajeer-5797	205	6	empirical	empirical	ADJ
ajeer-5797	205	7	research	research	NOUN
ajeer-5797	205	8	,	,	PUNCT
ajeer-5797	205	9	2024	2024	NUM
ajeer-5797	205	10	,	,	PUNCT
ajeer-5797	205	11	11(1	11(1	NUM
ajeer-5797	205	12	):	):	PUNCT
ajeer-5797	205	13	30	30	NUM
ajeer-5797	205	14	-	-	SYM
ajeer-5797	205	15	43	43	NUM
ajeer-5797	205	16	36	36	NUM
ajeer-5797	205	17	©	©	ADP
ajeer-5797	205	18	2024	2024	NUM
ajeer-5797	205	19	by	by	ADP
ajeer-5797	205	20	the	the	DET
ajeer-5797	205	21	authors	author	NOUN
ajeer-5797	205	22	;	;	PUNCT
ajeer-5797	205	23	licensee	licensee	PROPN
ajeer-5797	205	24	asian	asian	ADJ
ajeer-5797	205	25	online	online	PROPN
ajeer-5797	205	26	journal	journal	PROPN
ajeer-5797	205	27	publishing	publishing	NOUN
ajeer-5797	205	28	group	group	NOUN
ajeer-5797	205	29	table	table	NOUN
ajeer-5797	205	30	1	1	NUM
ajeer-5797	205	31	.	.	PUNCT
ajeer-5797	206	1	summary	summary	NOUN
ajeer-5797	206	2	statistics	statistic	NOUN
ajeer-5797	206	3	.	.	PUNCT
ajeer-5797	207	1	variables	variable	NOUN
ajeer-5797	207	2	mean	mean	VERB
ajeer-5797	207	3	std	std	X
ajeer-5797	207	4	.	.	PROPN
ajeer-5797	208	1	dev	dev	PROPN
ajeer-5797	208	2	.	.	PUNCT
ajeer-5797	209	1	max	max	PROPN
ajeer-5797	209	2	.	.	PUNCT
ajeer-5797	209	3	min	min	PROPN
ajeer-5797	209	4	.	.	PROPN
ajeer-5797	209	5	endogenous	endogenous	ADJ
ajeer-5797	209	6	real	real	ADJ
ajeer-5797	209	7	gdp	gdp	NOUN
ajeer-5797	209	8	1.20	1.20	NUM
ajeer-5797	209	9	1.06	1.06	NUM
ajeer-5797	209	10	3.20	3.20	NUM
ajeer-5797	209	11	-7.14	-7.14	NOUN
ajeer-5797	209	12	inflation	inflation	NOUN
ajeer-5797	209	13	1.49	1.49	NUM
ajeer-5797	209	14	1.37	1.37	NUM
ajeer-5797	209	15	9.84	9.84	NUM
ajeer-5797	209	16	-0.22	-0.22	NUM
ajeer-5797	209	17	policy	policy	NOUN
ajeer-5797	209	18	rate	rate	NOUN
ajeer-5797	209	19	7.75	7.75	NUM
ajeer-5797	209	20	3.14	3.14	NUM
ajeer-5797	209	21	18.38	18.38	NUM
ajeer-5797	209	22	3.30	3.30	NUM
ajeer-5797	209	23	stock	stock	NOUN
ajeer-5797	209	24	returns	return	NOUN
ajeer-5797	209	25	3.41	3.41	NUM
ajeer-5797	209	26	10.82	10.82	NUM
ajeer-5797	209	27	29.99	29.99	NUM
ajeer-5797	209	28	-45.58	-45.58	PROPN
ajeer-5797	209	29	exchange	exchange	NOUN
ajeer-5797	209	30	rate	rate	NOUN
ajeer-5797	209	31	10915.65	10915.65	NUM
ajeer-5797	209	32	2165.43	2165.43	NUM
ajeer-5797	209	33	14754.34	14754.34	NUM
ajeer-5797	209	34	8413.00	8413.00	NUM
ajeer-5797	209	35	exogenous	exogenous	ADJ
ajeer-5797	209	36	real	real	ADJ
ajeer-5797	209	37	gdp	gdp	NOUN
ajeer-5797	209	38	0.07	0.07	NUM
ajeer-5797	209	39	2.53	2.53	NUM
ajeer-5797	209	40	10.69	10.69	NUM
ajeer-5797	209	41	-14.46	-14.46	PROPN
ajeer-5797	209	42	inflation	inflation	NOUN
ajeer-5797	209	43	0.51	0.51	NUM
ajeer-5797	209	44	0.69	0.69	NUM
ajeer-5797	209	45	2.17	2.17	NUM
ajeer-5797	209	46	-2.87	-2.87	ADJ
ajeer-5797	209	47	policy	policy	NOUN
ajeer-5797	209	48	rate	rate	NOUN
ajeer-5797	209	49	0.94	0.94	NUM
ajeer-5797	209	50	2.61	2.61	NUM
ajeer-5797	209	51	6.55	6.55	NUM
ajeer-5797	209	52	-3.74	-3.74	NUM
ajeer-5797	209	53	oil	oil	NOUN
ajeer-5797	209	54	price	price	NOUN
ajeer-5797	209	55	0.23	0.23	NUM
ajeer-5797	209	56	10.96	10.96	NUM
ajeer-5797	209	57	25.56	25.56	NUM
ajeer-5797	209	58	-60.32	-60.32	X
ajeer-5797	209	59	4.1.1	4.1.1	X
ajeer-5797	209	60	.	.	PUNCT
ajeer-5797	209	61	unit	unit	NOUN
ajeer-5797	209	62	root	root	NOUN
ajeer-5797	209	63	tests	test	NOUN
ajeer-5797	209	64	table	table	NOUN
ajeer-5797	209	65	2	2	NUM
ajeer-5797	209	66	displays	display	VERB
ajeer-5797	209	67	the	the	DET
ajeer-5797	209	68	results	result	NOUN
ajeer-5797	209	69	of	of	ADP
ajeer-5797	209	70	unit	unit	NOUN
ajeer-5797	209	71	root	root	NOUN
ajeer-5797	209	72	tests	test	NOUN
ajeer-5797	209	73	conducted	conduct	VERB
ajeer-5797	209	74	to	to	PART
ajeer-5797	209	75	determine	determine	VERB
ajeer-5797	209	76	the	the	DET
ajeer-5797	209	77	data	datum	NOUN
ajeer-5797	209	78	's	's	PART
ajeer-5797	209	79	time	time	NOUN
ajeer-5797	209	80	series	series	NOUN
ajeer-5797	209	81	properties	property	NOUN
ajeer-5797	209	82	.	.	PUNCT
ajeer-5797	210	1	we	we	PRON
ajeer-5797	210	2	conducted	conduct	VERB
ajeer-5797	210	3	and	and	CCONJ
ajeer-5797	210	4	reported	report	VERB
ajeer-5797	210	5	three	three	NUM
ajeer-5797	210	6	unit	unit	NOUN
ajeer-5797	210	7	root	root	NOUN
ajeer-5797	210	8	tests	test	NOUN
ajeer-5797	210	9	for	for	ADP
ajeer-5797	210	10	this	this	DET
ajeer-5797	210	11	purpose	purpose	NOUN
ajeer-5797	210	12	:	:	PUNCT
ajeer-5797	210	13	the	the	DET
ajeer-5797	210	14	augmented	augment	VERB
ajeer-5797	210	15	dickey	dickey	NOUN
ajeer-5797	210	16	-	-	PUNCT
ajeer-5797	210	17	fuller	full	ADJ
ajeer-5797	210	18	(	(	PUNCT
ajeer-5797	210	19	adf	adf	NOUN
ajeer-5797	210	20	)	)	PUNCT
ajeer-5797	210	21	,	,	PUNCT
ajeer-5797	210	22	phillips	phillips	PROPN
ajeer-5797	210	23	perron	perron	PROPN
ajeer-5797	210	24	(	(	PUNCT
ajeer-5797	210	25	pp	pp	ADJ
ajeer-5797	210	26	)	)	PUNCT
ajeer-5797	210	27	,	,	PUNCT
ajeer-5797	210	28	and	and	CCONJ
ajeer-5797	210	29	adf	adf	VERB
ajeer-5797	210	30	with	with	ADP
ajeer-5797	210	31	a	a	DET
ajeer-5797	210	32	structural	structural	ADJ
ajeer-5797	210	33	break	break	NOUN
ajeer-5797	210	34	.	.	PUNCT
ajeer-5797	211	1	we	we	PRON
ajeer-5797	211	2	find	find	VERB
ajeer-5797	211	3	a	a	DET
ajeer-5797	211	4	mixed	mixed	ADJ
ajeer-5797	211	5	order	order	NOUN
ajeer-5797	211	6	of	of	ADP
ajeer-5797	211	7	integration	integration	NOUN
ajeer-5797	211	8	among	among	ADP
ajeer-5797	211	9	the	the	DET
ajeer-5797	211	10	variables	variable	NOUN
ajeer-5797	211	11	.	.	PUNCT
ajeer-5797	212	1	while	while	SCONJ
ajeer-5797	212	2	most	most	ADJ
ajeer-5797	212	3	of	of	ADP
ajeer-5797	212	4	the	the	DET
ajeer-5797	212	5	variables	variable	NOUN
ajeer-5797	212	6	(	(	PUNCT
ajeer-5797	212	7	such	such	ADJ
ajeer-5797	212	8	as	as	ADP
ajeer-5797	212	9	real	real	ADJ
ajeer-5797	212	10	gdp	gdp	NOUN
ajeer-5797	212	11	,	,	PUNCT
ajeer-5797	212	12	inflation	inflation	NOUN
ajeer-5797	212	13	,	,	PUNCT
ajeer-5797	212	14	stock	stock	NOUN
ajeer-5797	212	15	market	market	NOUN
ajeer-5797	212	16	returns	return	NOUN
ajeer-5797	212	17	,	,	PUNCT
ajeer-5797	212	18	and	and	CCONJ
ajeer-5797	212	19	shadow	shadow	NOUN
ajeer-5797	212	20	rate	rate	NOUN
ajeer-5797	212	21	)	)	PUNCT
ajeer-5797	212	22	are	be	AUX
ajeer-5797	212	23	stationary	stationary	ADJ
ajeer-5797	212	24	at	at	ADP
ajeer-5797	212	25	this	this	DET
ajeer-5797	212	26	level	level	NOUN
ajeer-5797	212	27	,	,	PUNCT
ajeer-5797	212	28	other	other	ADJ
ajeer-5797	212	29	variables	variable	NOUN
ajeer-5797	212	30	(	(	PUNCT
ajeer-5797	212	31	exchange	exchange	NOUN
ajeer-5797	212	32	rate	rate	NOUN
ajeer-5797	212	33	and	and	CCONJ
ajeer-5797	212	34	short	short	ADJ
ajeer-5797	212	35	-	-	PUNCT
ajeer-5797	212	36	term	term	NOUN
ajeer-5797	212	37	policy	policy	NOUN
ajeer-5797	212	38	rate	rate	NOUN
ajeer-5797	212	39	)	)	PUNCT
ajeer-5797	212	40	become	become	VERB
ajeer-5797	212	41	stationary	stationary	ADJ
ajeer-5797	212	42	after	after	ADP
ajeer-5797	212	43	the	the	DET
ajeer-5797	212	44	first	first	ADJ
ajeer-5797	212	45	difference	difference	NOUN
ajeer-5797	212	46	.	.	PUNCT
ajeer-5797	213	1	however	however	ADV
ajeer-5797	213	2	,	,	PUNCT
ajeer-5797	213	3	all	all	PRON
ajeer-5797	213	4	of	of	ADP
ajeer-5797	213	5	the	the	DET
ajeer-5797	213	6	variables	variable	NOUN
ajeer-5797	213	7	reveal	reveal	VERB
ajeer-5797	213	8	structural	structural	ADJ
ajeer-5797	213	9	breaks	break	NOUN
ajeer-5797	213	10	at	at	ADP
ajeer-5797	213	11	different	different	ADJ
ajeer-5797	213	12	dates	date	NOUN
ajeer-5797	213	13	.	.	PUNCT
ajeer-5797	214	1	given	give	VERB
ajeer-5797	214	2	this	this	PRON
ajeer-5797	214	3	,	,	PUNCT
ajeer-5797	214	4	we	we	PRON
ajeer-5797	214	5	conducted	conduct	VERB
ajeer-5797	214	6	a	a	DET
ajeer-5797	214	7	nonlinear	nonlinear	ADJ
ajeer-5797	214	8	ardl	ardl	NOUN
ajeer-5797	214	9	and	and	CCONJ
ajeer-5797	214	10	decomposed	decompose	VERB
ajeer-5797	214	11	the	the	DET
ajeer-5797	214	12	shock	shock	NOUN
ajeer-5797	214	13	series	series	NOUN
ajeer-5797	214	14	into	into	ADP
ajeer-5797	214	15	positive	positive	ADJ
ajeer-5797	214	16	and	and	CCONJ
ajeer-5797	214	17	negative	negative	ADJ
ajeer-5797	214	18	values	value	NOUN
ajeer-5797	214	19	for	for	ADP
ajeer-5797	214	20	further	further	ADJ
ajeer-5797	214	21	analysis	analysis	NOUN
ajeer-5797	214	22	.	.	PUNCT
ajeer-5797	215	1	table	table	NOUN
ajeer-5797	215	2	2	2	NUM
ajeer-5797	215	3	.	.	PUNCT
ajeer-5797	215	4	unit	unit	NOUN
ajeer-5797	215	5	root	root	PROPN
ajeer-5797	215	6	test	test	NOUN
ajeer-5797	215	7	results	result	NOUN
ajeer-5797	215	8	.	.	PUNCT
ajeer-5797	216	1	country	country	NOUN
ajeer-5797	216	2	adf	adf	PROPN
ajeer-5797	216	3	unit	unit	NOUN
ajeer-5797	216	4	root	root	PROPN
ajeer-5797	216	5	test	test	PROPN
ajeer-5797	216	6	pp	pp	ADP
ajeer-5797	216	7	unit	unit	NOUN
ajeer-5797	216	8	root	root	PROPN
ajeer-5797	216	9	test	test	PROPN
ajeer-5797	216	10	adf	adf	PROPN
ajeer-5797	216	11	test	test	NOUN
ajeer-5797	216	12	with	with	ADP
ajeer-5797	216	13	structural	structural	ADJ
ajeer-5797	216	14	break	break	NOUN
ajeer-5797	216	15	indonesia	indonesia	PROPN
ajeer-5797	216	16	variables	variable	VERB
ajeer-5797	216	17	t	t	PROPN
ajeer-5797	216	18	-	-	PUNCT
ajeer-5797	216	19	stat	stat	NOUN
ajeer-5797	216	20	.	.	PUNCT
ajeer-5797	217	1	i(d	i(d	PROPN
ajeer-5797	217	2	)	)	PUNCT
ajeer-5797	217	3	t	t	NOUN
ajeer-5797	217	4	-	-	PUNCT
ajeer-5797	217	5	stat	stat	NOUN
ajeer-5797	217	6	.	.	PUNCT
ajeer-5797	218	1	i(d	i(d	PROPN
ajeer-5797	218	2	)	)	PUNCT
ajeer-5797	218	3	t	t	NOUN
ajeer-5797	218	4	-	-	PUNCT
ajeer-5797	218	5	stat	stat	NOUN
ajeer-5797	218	6	.	.	PUNCT
ajeer-5797	219	1	i(d	i(d	NOUN
ajeer-5797	219	2	)	)	PUNCT
ajeer-5797	219	3	break	break	VERB
ajeer-5797	219	4	date	date	NOUN
ajeer-5797	219	5	gdp	gdp	NOUN
ajeer-5797	219	6	-9.08	-9.08	PROPN
ajeer-5797	219	7	i(0	i(0	PROPN
ajeer-5797	219	8	)	)	PUNCT
ajeer-5797	220	1	-9.13	-9.13	X
ajeer-5797	221	1	i(0	i(0	PROPN
ajeer-5797	221	2	)	)	PUNCT
ajeer-5797	221	3	-18.65	-18.65	ADP
ajeer-5797	221	4	i(0	i(0	PROPN
ajeer-5797	221	5	)	)	PUNCT
ajeer-5797	221	6	2020q2	2020q2	PROPN
ajeer-5797	221	7	inf	inf	NOUN
ajeer-5797	221	8	-7.20	-7.20	X
ajeer-5797	221	9	i(0	i(0	PROPN
ajeer-5797	221	10	)	)	PUNCT
ajeer-5797	221	11	-7.29	-7.29	NOUN
ajeer-5797	221	12	i(0	i(0	PROPN
ajeer-5797	221	13	)	)	PUNCT
ajeer-5797	221	14	-11.29	-11.29	NOUN
ajeer-5797	221	15	i(0	i(0	PROPN
ajeer-5797	221	16	)	)	PUNCT
ajeer-5797	221	17	2005q4	2005q4	PROPN
ajeer-5797	221	18	mpr	mpr	PROPN
ajeer-5797	221	19	-4.11	-4.11	NOUN
ajeer-5797	221	20	i(1	i(1	PROPN
ajeer-5797	221	21	)	)	PUNCT
ajeer-5797	221	22	-4.11	-4.11	X
ajeer-5797	221	23	i(0	i(0	PROPN
ajeer-5797	221	24	)	)	PUNCT
ajeer-5797	221	25	-5.18	-5.18	X
ajeer-5797	221	26	i(0	i(0	PROPN
ajeer-5797	221	27	)	)	PUNCT
ajeer-5797	221	28	2005q4	2005q4	PROPN
ajeer-5797	221	29	exr	exr	PROPN
ajeer-5797	221	30	-9.39	-9.39	NUM
ajeer-5797	221	31	i(1	i(1	NOUN
ajeer-5797	221	32	)	)	PUNCT
ajeer-5797	221	33	-9.39	-9.39	NOUN
ajeer-5797	221	34	i(1	i(1	NOUN
ajeer-5797	221	35	)	)	PUNCT
ajeer-5797	221	36	-10.14	-10.14	PUNCT
ajeer-5797	221	37	i(1	i(1	PROPN
ajeer-5797	221	38	)	)	PUNCT
ajeer-5797	221	39	2001q2	2001q2	NOUN
ajeer-5797	221	40	smr	smr	NOUN
ajeer-5797	221	41	-6.63	-6.63	PROPN
ajeer-5797	221	42	i(0	i(0	PROPN
ajeer-5797	221	43	)	)	PUNCT
ajeer-5797	221	44	-6.40	-6.40	PROPN
ajeer-5797	221	45	i(0	i(0	PROPN
ajeer-5797	221	46	)	)	PUNCT
ajeer-5797	222	1	-7.79	-7.79	PROPN
ajeer-5797	222	2	i(0	i(0	PROPN
ajeer-5797	222	3	)	)	PUNCT
ajeer-5797	222	4	2008q4	2008q4	NUM
ajeer-5797	222	5	us	we	PRON
ajeer-5797	222	6	us	us	PROPN
ajeer-5797	222	7	-	-	PUNCT
ajeer-5797	222	8	ssr	ssr	ADJ
ajeer-5797	222	9	-4.26	-4.26	ADJ
ajeer-5797	222	10	i(0	i(0	PROPN
ajeer-5797	222	11	)	)	PUNCT
ajeer-5797	222	12	-4.14	-4.14	PRON
ajeer-5797	222	13	i(0	i(0	PROPN
ajeer-5797	222	14	)	)	PUNCT
ajeer-5797	222	15	-5.24	-5.24	NOUN
ajeer-5797	223	1	i(0	i(0	PROPN
ajeer-5797	223	2	)	)	PUNCT
ajeer-5797	223	3	2008q1	2008q1	PROPN
ajeer-5797	223	4	note	note	VERB
ajeer-5797	223	5	:	:	PUNCT
ajeer-5797	223	6	gdp	gdp	NOUN
ajeer-5797	223	7	,	,	PUNCT
ajeer-5797	223	8	inf	inf	PROPN
ajeer-5797	223	9	,	,	PUNCT
ajeer-5797	223	10	mpr	mpr	NOUN
ajeer-5797	223	11	,	,	PUNCT
ajeer-5797	223	12	smr	smr	NOUN
ajeer-5797	223	13	,	,	PUNCT
ajeer-5797	223	14	exr	exr	PROPN
ajeer-5797	223	15	and	and	CCONJ
ajeer-5797	223	16	us	us	PROPN
ajeer-5797	223	17	-	-	PUNCT
ajeer-5797	223	18	ssr	ssr	PROPN
ajeer-5797	223	19	denote	denote	VERB
ajeer-5797	223	20	real	real	ADJ
ajeer-5797	223	21	activity	activity	NOUN
ajeer-5797	223	22	,	,	PUNCT
ajeer-5797	223	23	inflation	inflation	NOUN
ajeer-5797	223	24	,	,	PUNCT
ajeer-5797	223	25	monetary	monetary	ADJ
ajeer-5797	223	26	policy	policy	NOUN
ajeer-5797	223	27	rate	rate	NOUN
ajeer-5797	223	28	,	,	PUNCT
ajeer-5797	223	29	stock	stock	NOUN
ajeer-5797	223	30	market	market	NOUN
ajeer-5797	223	31	returns	return	NOUN
ajeer-5797	223	32	,	,	PUNCT
ajeer-5797	223	33	exchange	exchange	NOUN
ajeer-5797	223	34	rate	rate	NOUN
ajeer-5797	223	35	,	,	PUNCT
ajeer-5797	223	36	and	and	CCONJ
ajeer-5797	223	37	shock	shock	NOUN
ajeer-5797	223	38	to	to	ADP
ajeer-5797	223	39	us	us	PROPN
ajeer-5797	223	40	shadow	shadow	NOUN
ajeer-5797	223	41	rate	rate	NOUN
ajeer-5797	223	42	,	,	PUNCT
ajeer-5797	223	43	respectively	respectively	ADV
ajeer-5797	223	44	.	.	PUNCT
ajeer-5797	224	1	while	while	SCONJ
ajeer-5797	224	2	t	t	NOUN
ajeer-5797	224	3	-	-	PUNCT
ajeer-5797	224	4	stat	stat	PROPN
ajeer-5797	224	5	denotes	denotes	PROPN
ajeer-5797	224	6	t	t	PROPN
ajeer-5797	224	7	-	-	PUNCT
ajeer-5797	224	8	statistics	statistic	NOUN
ajeer-5797	224	9	,	,	PUNCT
ajeer-5797	224	10	i(d	i(d	NOUN
ajeer-5797	224	11	)	)	PUNCT
ajeer-5797	224	12	represents	represent	VERB
ajeer-5797	224	13	the	the	DET
ajeer-5797	224	14	order	order	NOUN
ajeer-5797	224	15	of	of	ADP
ajeer-5797	224	16	integration	integration	NOUN
ajeer-5797	224	17	indicated	indicate	VERB
ajeer-5797	224	18	by	by	ADP
ajeer-5797	224	19	the	the	DET
ajeer-5797	224	20	test	test	NOUN
ajeer-5797	224	21	statistics	statistic	NOUN
ajeer-5797	224	22	employed	employ	VERB
ajeer-5797	224	23	.	.	PUNCT
ajeer-5797	225	1	4.1.2	4.1.2	X
ajeer-5797	225	2	.	.	PUNCT
ajeer-5797	225	3	parameter	parameter	PROPN
ajeer-5797	225	4	stability	stability	PROPN
ajeer-5797	225	5	test	test	NOUN
ajeer-5797	225	6	in	in	ADP
ajeer-5797	225	7	this	this	DET
ajeer-5797	225	8	section	section	NOUN
ajeer-5797	225	9	,	,	PUNCT
ajeer-5797	225	10	we	we	PRON
ajeer-5797	225	11	reported	report	VERB
ajeer-5797	225	12	three	three	NUM
ajeer-5797	225	13	test	test	NOUN
ajeer-5797	225	14	results	result	NOUN
ajeer-5797	225	15	,	,	PUNCT
ajeer-5797	225	16	the	the	DET
ajeer-5797	225	17	hansen	hansen	PROPN
ajeer-5797	225	18	(	(	PUNCT
ajeer-5797	225	19	1992	1992	NUM
ajeer-5797	225	20	)	)	PUNCT
ajeer-5797	225	21	and	and	CCONJ
ajeer-5797	225	22	pesaran	pesaran	VERB
ajeer-5797	225	23	(	(	PUNCT
ajeer-5797	225	24	1997	1997	NUM
ajeer-5797	225	25	)	)	PUNCT
ajeer-5797	225	26	parameter	parameter	NOUN
ajeer-5797	225	27	stability	stability	NOUN
ajeer-5797	225	28	test	test	NOUN
ajeer-5797	225	29	results	result	NOUN
ajeer-5797	225	30	,	,	PUNCT
ajeer-5797	225	31	also	also	ADV
ajeer-5797	225	32	known	know	VERB
ajeer-5797	225	33	as	as	ADP
ajeer-5797	225	34	hansen	hansen	PROPN
ajeer-5797	225	35	lc	lc	PROPN
ajeer-5797	225	36	test	test	PROPN
ajeer-5797	225	37	(	(	PUNCT
ajeer-5797	225	38	table	table	NOUN
ajeer-5797	225	39	3	3	NUM
ajeer-5797	225	40	)	)	PUNCT
ajeer-5797	225	41	,	,	PUNCT
ajeer-5797	225	42	the	the	DET
ajeer-5797	225	43	quandt	quandt	NOUN
ajeer-5797	225	44	-	-	PUNCT
ajeer-5797	225	45	andrews	andrews	PROPN
ajeer-5797	225	46	breakpoint	breakpoint	NOUN
ajeer-5797	225	47	test	test	NOUN
ajeer-5797	225	48	for	for	ADP
ajeer-5797	225	49	one	one	NUM
ajeer-5797	225	50	or	or	CCONJ
ajeer-5797	225	51	more	more	ADV
ajeer-5797	225	52	unknown	unknown	ADJ
ajeer-5797	225	53	structural	structural	ADJ
ajeer-5797	225	54	breakpoints	breakpoint	NOUN
ajeer-5797	225	55	(	(	PUNCT
ajeer-5797	225	56	table	table	NOUN
ajeer-5797	225	57	4	4	NUM
ajeer-5797	225	58	)	)	PUNCT
ajeer-5797	225	59	,	,	PUNCT
ajeer-5797	225	60	the	the	DET
ajeer-5797	225	61	cumulative	cumulative	ADJ
ajeer-5797	225	62	sum	sum	NOUN
ajeer-5797	225	63	of	of	ADP
ajeer-5797	225	64	recursive	recursive	ADJ
ajeer-5797	225	65	residuals	residual	NOUN
ajeer-5797	225	66	(	(	PUNCT
ajeer-5797	225	67	cusum	cusum	NOUN
ajeer-5797	225	68	)	)	PUNCT
ajeer-5797	225	69	tests	test	NOUN
ajeer-5797	225	70	,	,	PUNCT
ajeer-5797	225	71	and	and	CCONJ
ajeer-5797	225	72	the	the	DET
ajeer-5797	225	73	cumulative	cumulative	ADJ
ajeer-5797	225	74	sum	sum	NOUN
ajeer-5797	225	75	(	(	PUNCT
ajeer-5797	225	76	cusum	cusum	NOUN
ajeer-5797	225	77	)	)	PUNCT
ajeer-5797	225	78	of	of	ADP
ajeer-5797	225	79	recursive	recursive	ADJ
ajeer-5797	225	80	residuals	residual	NOUN
ajeer-5797	225	81	and	and	CCONJ
ajeer-5797	225	82	cusum	cusum	NOUN
ajeer-5797	225	83	of	of	ADP
ajeer-5797	225	84	square	square	ADJ
ajeer-5797	225	85	(	(	PUNCT
ajeer-5797	225	86	cusumsq	cusumsq	ADV
ajeer-5797	225	87	)	)	PUNCT
ajeer-5797	225	88	tests	test	NOUN
ajeer-5797	225	89	for	for	ADP
ajeer-5797	225	90	parameter	parameter	NOUN
ajeer-5797	225	91	stability	stability	NOUN
ajeer-5797	225	92	figure	figure	NOUN
ajeer-5797	225	93	61	61	NUM
ajeer-5797	225	94	.	.	PUNCT
ajeer-5797	225	95	table	table	NOUN
ajeer-5797	225	96	3	3	NUM
ajeer-5797	225	97	.	.	PUNCT
ajeer-5797	225	98	hansen	hansen	PROPN
ajeer-5797	225	99	parameter	parameter	PROPN
ajeer-5797	225	100	instability	instability	NOUN
ajeer-5797	225	101	.	.	PUNCT
ajeer-5797	226	1	lc	lc	PROPN
ajeer-5797	226	2	statistics	statistic	NOUN
ajeer-5797	226	3	stochastic	stochastic	ADJ
ajeer-5797	226	4	trends	trend	NOUN
ajeer-5797	226	5	(	(	PUNCT
ajeer-5797	226	6	m	m	NOUN
ajeer-5797	226	7	)	)	PUNCT
ajeer-5797	226	8	deterministic	deterministic	ADJ
ajeer-5797	226	9	trend	trend	NOUN
ajeer-5797	226	10	(	(	PUNCT
ajeer-5797	226	11	k	k	NOUN
ajeer-5797	226	12	)	)	PUNCT
ajeer-5797	226	13	excluded	exclude	VERB
ajeer-5797	226	14	trends	trend	NOUN
ajeer-5797	226	15	(	(	PUNCT
ajeer-5797	226	16	p2	p2	PROPN
ajeer-5797	226	17	)	)	PUNCT
ajeer-5797	226	18	probability	probability	NOUN
ajeer-5797	226	19	7.19	7.19	NUM
ajeer-5797	226	20	6	6	NUM
ajeer-5797	226	21	0	0	NUM
ajeer-5797	226	22	0	0	NUM
ajeer-5797	226	23	<	<	NOUN
ajeer-5797	226	24	0.01	0.01	NUM
ajeer-5797	226	25	table	table	NOUN
ajeer-5797	226	26	4	4	NUM
ajeer-5797	226	27	.	.	PUNCT
ajeer-5797	226	28	quandt	quandt	PROPN
ajeer-5797	226	29	–	–	PUNCT
ajeer-5797	226	30	andrews	andrews	PROPN
ajeer-5797	226	31	unknown	unknown	ADJ
ajeer-5797	226	32	breakpoint	breakpoint	PROPN
ajeer-5797	226	33	test	test	NOUN
ajeer-5797	226	34	.	.	PUNCT
ajeer-5797	227	1	statistics	statistic	NOUN
ajeer-5797	227	2	value	value	VERB
ajeer-5797	227	3	p	p	NOUN
ajeer-5797	227	4	-	-	PUNCT
ajeer-5797	227	5	value	value	NOUN
ajeer-5797	227	6	max.lr	max.lr	ADJ
ajeer-5797	227	7	f	f	X
ajeer-5797	227	8	-	-	PUNCT
ajeer-5797	227	9	stat.(2018q1	stat.(2018q1	NOUN
ajeer-5797	227	10	)	)	PUNCT
ajeer-5797	227	11	43.6	43.6	NUM
ajeer-5797	227	12	0.00	0.00	NUM
ajeer-5797	227	13	max	max	PROPN
ajeer-5797	227	14	.	.	PUNCT
ajeer-5797	228	1	wald	wald	PROPN
ajeer-5797	229	1	f	f	X
ajeer-5797	229	2	-	-	PUNCT
ajeer-5797	229	3	stat	stat	NOUN
ajeer-5797	229	4	.	.	PUNCT
ajeer-5797	230	1	(	(	PUNCT
ajeer-5797	230	2	2018q1	2018q1	NOUN
ajeer-5797	230	3	)	)	PUNCT
ajeer-5797	230	4	305	305	NUM
ajeer-5797	230	5	0.00	0.00	NUM
ajeer-5797	230	6	exp	exp	NOUN
ajeer-5797	230	7	lrf	lrf	NOUN
ajeer-5797	230	8	-	-	PUNCT
ajeer-5797	230	9	stat	stat	NOUN
ajeer-5797	230	10	.	.	PUNCT
ajeer-5797	231	1	17.9	17.9	NUM
ajeer-5797	231	2	0.00	0.00	NUM
ajeer-5797	231	3	exp	exp	NOUN
ajeer-5797	231	4	wald	wald	X
ajeer-5797	231	5	f	f	NOUN
ajeer-5797	231	6	-	-	PUNCT
ajeer-5797	231	7	stat	stat	NOUN
ajeer-5797	231	8	.	.	PUNCT
ajeer-5797	232	1	148	148	NUM
ajeer-5797	232	2	0.00	0.00	NUM
ajeer-5797	232	3	ave	ave	PROPN
ajeer-5797	232	4	lrf	lrf	NOUN
ajeer-5797	232	5	-	-	PUNCT
ajeer-5797	232	6	stat	stat	NOUN
ajeer-5797	232	7	.	.	PUNCT
ajeer-5797	233	1	7.16	7.16	NUM
ajeer-5797	233	2	0.00	0.00	NUM
ajeer-5797	233	3	ave	ave	PROPN
ajeer-5797	233	4	wald	wald	PROPN
ajeer-5797	233	5	f	f	NOUN
ajeer-5797	233	6	-	-	PUNCT
ajeer-5797	233	7	stat	stat	NOUN
ajeer-5797	233	8	.	.	PUNCT
ajeer-5797	234	1	50.1	50.1	NUM
ajeer-5797	234	2	0.00	0.00	NUM
ajeer-5797	234	3	two	two	NUM
ajeer-5797	234	4	of	of	ADP
ajeer-5797	234	5	the	the	DET
ajeer-5797	234	6	three	three	NUM
ajeer-5797	234	7	-	-	PUNCT
ajeer-5797	234	8	parameter	parameter	NOUN
ajeer-5797	234	9	stability	stability	NOUN
ajeer-5797	234	10	tests	test	NOUN
ajeer-5797	234	11	—	—	PUNCT
ajeer-5797	234	12	the	the	DET
ajeer-5797	234	13	lc	lc	PROPN
ajeer-5797	234	14	test	test	NOUN
ajeer-5797	234	15	and	and	CCONJ
ajeer-5797	234	16	the	the	DET
ajeer-5797	234	17	cusumsq	cusumsq	ADJ
ajeer-5797	234	18	test	test	NOUN
ajeer-5797	234	19	—	—	PUNCT
ajeer-5797	234	20	fail	fail	VERB
ajeer-5797	234	21	to	to	PART
ajeer-5797	234	22	accept	accept	VERB
ajeer-5797	234	23	the	the	DET
ajeer-5797	234	24	null	null	ADJ
ajeer-5797	234	25	hypothesis	hypothesis	NOUN
ajeer-5797	234	26	of	of	ADP
ajeer-5797	234	27	no	no	DET
ajeer-5797	234	28	sudden	sudden	ADJ
ajeer-5797	234	29	shift	shift	NOUN
ajeer-5797	234	30	in	in	ADP
ajeer-5797	234	31	the	the	DET
ajeer-5797	234	32	regime	regime	NOUN
ajeer-5797	234	33	.	.	PUNCT
ajeer-5797	235	1	this	this	PRON
ajeer-5797	235	2	implies	imply	VERB
ajeer-5797	235	3	that	that	SCONJ
ajeer-5797	235	4	there	there	PRON
ajeer-5797	235	5	is	be	VERB
ajeer-5797	235	6	strong	strong	ADJ
ajeer-5797	235	7	evidence	evidence	NOUN
ajeer-5797	235	8	that	that	SCONJ
ajeer-5797	235	9	parameters	parameter	NOUN
ajeer-5797	235	10	are	be	AUX
ajeer-5797	235	11	not	not	PART
ajeer-5797	235	12	stable	stable	ADJ
ajeer-5797	235	13	for	for	ADP
ajeer-5797	235	14	the	the	DET
ajeer-5797	235	15	us	us	PROPN
ajeer-5797	235	16	monetary	monetary	ADJ
ajeer-5797	235	17	policy	policy	NOUN
ajeer-5797	235	18	shock	shock	NOUN
ajeer-5797	235	19	-	-	PUNCT
ajeer-5797	235	20	indonesia	indonesia	PROPN
ajeer-5797	235	21	macroeconomic	macroeconomic	PROPN
ajeer-5797	235	22	variables	variable	NOUN
ajeer-5797	235	23	relationship	relationship	NOUN
ajeer-5797	235	24	.	.	PUNCT
ajeer-5797	236	1	similarly	similarly	ADV
ajeer-5797	236	2	,	,	PUNCT
ajeer-5797	236	3	the	the	DET
ajeer-5797	236	4	three	three	NUM
ajeer-5797	236	5	quandtandrews	quandtandrew	NOUN
ajeer-5797	236	6	tests	test	NOUN
ajeer-5797	236	7	reported	report	VERB
ajeer-5797	236	8	in	in	ADP
ajeer-5797	236	9	table	table	NOUN
ajeer-5797	236	10	4	4	NUM
ajeer-5797	236	11	reject	reject	VERB
ajeer-5797	236	12	the	the	DET
ajeer-5797	236	13	null	null	ADJ
ajeer-5797	236	14	hypothesis	hypothesis	NOUN
ajeer-5797	236	15	of	of	ADP
ajeer-5797	236	16	no	no	DET
ajeer-5797	236	17	breakpoints	breakpoint	NOUN
ajeer-5797	236	18	within	within	ADP
ajeer-5797	236	19	a	a	DET
ajeer-5797	236	20	15	15	NUM
ajeer-5797	236	21	%	%	NOUN
ajeer-5797	236	22	trimmed	trim	VERB
ajeer-5797	236	23	sample	sample	NOUN
ajeer-5797	236	24	period	period	NOUN
ajeer-5797	236	25	,	,	PUNCT
ajeer-5797	236	26	suggesting	suggest	VERB
ajeer-5797	236	27	the	the	DET
ajeer-5797	236	28	existence	existence	NOUN
ajeer-5797	236	29	of	of	ADP
ajeer-5797	236	30	breakpoints	breakpoint	NOUN
ajeer-5797	236	31	.	.	PUNCT
ajeer-5797	237	1	this	this	DET
ajeer-5797	237	2	further	far	ADV
ajeer-5797	237	3	justifies	justify	VERB
ajeer-5797	237	4	the	the	DET
ajeer-5797	237	5	use	use	NOUN
ajeer-5797	237	6	of	of	ADP
ajeer-5797	237	7	tvp	tvp	NOUN
ajeer-5797	237	8	-	-	PUNCT
ajeer-5797	237	9	var	var	NOUN
ajeer-5797	237	10	.	.	PUNCT
ajeer-5797	238	1	the	the	DET
ajeer-5797	238	2	test	test	NOUN
ajeer-5797	238	3	is	be	AUX
ajeer-5797	238	4	conducted	conduct	VERB
ajeer-5797	238	5	based	base	VERB
ajeer-5797	238	6	on	on	ADP
ajeer-5797	238	7	the	the	DET
ajeer-5797	238	8	maximum	maximum	PROPN
ajeer-5797	238	9	statistic	statistic	NOUN
ajeer-5797	238	10	,	,	PUNCT
ajeer-5797	238	11	the	the	DET
ajeer-5797	238	12	exp	exp	NOUN
ajeer-5797	238	13	statistic	statistic	NOUN
ajeer-5797	238	14	,	,	PUNCT
ajeer-5797	238	15	and	and	CCONJ
ajeer-5797	238	16	the	the	DET
ajeer-5797	238	17	ave	ave	PROPN
ajeer-5797	238	18	statistic	statistic	PROPN
ajeer-5797	238	19	.	.	PUNCT
ajeer-5797	239	1	we	we	PRON
ajeer-5797	239	2	calculated	calculate	VERB
ajeer-5797	239	3	the	the	DET
ajeer-5797	239	4	probability	probability	NOUN
ajeer-5797	239	5	values	value	NOUN
ajeer-5797	239	6	using	use	VERB
ajeer-5797	239	7	hansen	hansen	PROPN
ajeer-5797	239	8	's	's	PART
ajeer-5797	239	9	method	method	NOUN
ajeer-5797	239	10	and	and	CCONJ
ajeer-5797	239	11	compared	compare	VERB
ajeer-5797	239	12	a	a	DET
ajeer-5797	239	13	total	total	NOUN
ajeer-5797	239	14	of	of	ADP
ajeer-5797	239	15	55	55	NUM
ajeer-5797	239	16	breakpoints	breakpoint	NOUN
ajeer-5797	239	17	.	.	PUNCT
ajeer-5797	240	1	4.2	4.2	NUM
ajeer-5797	240	2	.	.	PUNCT
ajeer-5797	241	1	results	result	NOUN
ajeer-5797	241	2	from	from	ADP
ajeer-5797	241	3	the	the	DET
ajeer-5797	241	4	us	us	PROPN
ajeer-5797	241	5	structural	structural	ADJ
ajeer-5797	241	6	var	var	NOUN
ajeer-5797	241	7	figure	figure	NOUN
ajeer-5797	241	8	5	5	NUM
ajeer-5797	241	9	depicts	depict	VERB
ajeer-5797	241	10	the	the	DET
ajeer-5797	241	11	shock	shock	NOUN
ajeer-5797	241	12	-	-	PUNCT
ajeer-5797	241	13	to	to	ADP
ajeer-5797	241	14	-	-	PUNCT
ajeer-5797	241	15	us	we	PRON
ajeer-5797	241	16	shadow	shadow	NOUN
ajeer-5797	241	17	rate	rate	NOUN
ajeer-5797	241	18	determined	determine	VERB
ajeer-5797	241	19	by	by	ADP
ajeer-5797	241	20	the	the	DET
ajeer-5797	241	21	us	us	PROPN
ajeer-5797	241	22	structural	structural	ADJ
ajeer-5797	241	23	var	var	NOUN
ajeer-5797	241	24	model	model	NOUN
ajeer-5797	241	25	.	.	PUNCT
ajeer-5797	242	1	upon	upon	SCONJ
ajeer-5797	242	2	first	first	ADJ
ajeer-5797	242	3	glance	glance	NOUN
ajeer-5797	242	4	,	,	PUNCT
ajeer-5797	242	5	the	the	DET
ajeer-5797	242	6	shock	shock	NOUN
ajeer-5797	242	7	appears	appear	VERB
ajeer-5797	242	8	to	to	PART
ajeer-5797	242	9	be	be	AUX
ajeer-5797	242	10	episodic	episodic	ADJ
ajeer-5797	242	11	,	,	PUNCT
ajeer-5797	242	12	allowing	allow	VERB
ajeer-5797	242	13	for	for	ADP
ajeer-5797	242	14	the	the	DET
ajeer-5797	242	15	easy	easy	ADJ
ajeer-5797	242	16	identification	identification	NOUN
ajeer-5797	242	17	of	of	ADP
ajeer-5797	242	18	several	several	ADJ
ajeer-5797	242	19	episodes	episode	NOUN
ajeer-5797	242	20	.	.	PUNCT
ajeer-5797	243	1	the	the	DET
ajeer-5797	243	2	period	period	NOUN
ajeer-5797	243	3	from	from	ADP
ajeer-5797	243	4	2000–2003	2000–2003	NUM
ajeer-5797	243	5	,	,	PUNCT
ajeer-5797	243	6	where	where	SCONJ
ajeer-5797	243	7	the	the	DET
ajeer-5797	243	8	shock	shock	NOUN
ajeer-5797	243	9	series	series	NOUN
ajeer-5797	243	10	were	be	AUX
ajeer-5797	243	11	mostly	mostly	ADV
ajeer-5797	243	12	negative	negative	ADJ
ajeer-5797	243	13	,	,	PUNCT
ajeer-5797	243	14	was	be	AUX
ajeer-5797	243	15	followed	follow	VERB
ajeer-5797	243	16	by	by	ADP
ajeer-5797	243	17	a	a	DET
ajeer-5797	243	18	positive	positive	ADJ
ajeer-5797	243	19	period	period	NOUN
ajeer-5797	243	20	from	from	ADP
ajeer-5797	243	21	2004–2007	2004–2007	NUM
ajeer-5797	243	22	.	.	PUNCT
ajeer-5797	244	1	we	we	PRON
ajeer-5797	244	2	observed	observe	VERB
ajeer-5797	244	3	the	the	DET
ajeer-5797	244	4	largest	large	ADJ
ajeer-5797	244	5	contraction	contraction	NOUN
ajeer-5797	244	6	in	in	ADP
ajeer-5797	244	7	the	the	DET
ajeer-5797	244	8	period	period	NOUN
ajeer-5797	244	9	2008–2013	2008–2013	NUM
ajeer-5797	244	10	,	,	PUNCT
ajeer-5797	244	11	which	which	PRON
ajeer-5797	244	12	trended	trend	VERB
ajeer-5797	244	13	at	at	ADP
ajeer-5797	244	14	a	a	DET
ajeer-5797	244	15	decreasing	decrease	VERB
ajeer-5797	244	16	rate	rate	NOUN
ajeer-5797	244	17	.	.	PUNCT
ajeer-5797	245	1	from	from	ADP
ajeer-5797	245	2	2014	2014	NUM
ajeer-5797	245	3	to	to	ADP
ajeer-5797	245	4	2019	2019	NUM
ajeer-5797	245	5	,	,	PUNCT
ajeer-5797	245	6	the	the	DET
ajeer-5797	245	7	shock	shock	NOUN
ajeer-5797	245	8	showed	show	VERB
ajeer-5797	245	9	a	a	DET
ajeer-5797	245	10	positive	positive	ADJ
ajeer-5797	245	11	trend	trend	NOUN
ajeer-5797	245	12	,	,	PUNCT
ajeer-5797	245	13	followed	follow	VERB
ajeer-5797	245	14	by	by	ADP
ajeer-5797	245	15	another	another	DET
ajeer-5797	245	16	contraction	contraction	NOUN
ajeer-5797	245	17	.	.	PUNCT
ajeer-5797	246	1	the	the	DET
ajeer-5797	246	2	observed	observe	VERB
ajeer-5797	246	3	shocks	shock	NOUN
ajeer-5797	246	4	from	from	ADP
ajeer-5797	246	5	2008	2008	NUM
ajeer-5797	246	6	are	be	AUX
ajeer-5797	246	7	arguably	arguably	ADV
ajeer-5797	246	8	due	due	ADJ
ajeer-5797	246	9	to	to	ADP
ajeer-5797	246	10	the	the	DET
ajeer-5797	246	11	global	global	ADJ
ajeer-5797	246	12	financial	financial	ADJ
ajeer-5797	246	13	crisis	crisis	NOUN
ajeer-5797	246	14	and	and	CCONJ
ajeer-5797	246	15	the	the	DET
ajeer-5797	246	16	massive	massive	ADJ
ajeer-5797	246	17	us	us	PROPN
ajeer-5797	246	18	ump	ump	NOUN
ajeer-5797	246	19	implementation	implementation	NOUN
ajeer-5797	246	20	.	.	PUNCT
ajeer-5797	247	1	the	the	DET
ajeer-5797	247	2	taper	taper	NOUN
ajeer-5797	247	3	tantrum	tantrum	NOUN
ajeer-5797	247	4	runs	run	VERB
ajeer-5797	247	5	from	from	ADP
ajeer-5797	247	6	2013	2013	NUM
ajeer-5797	247	7	to	to	ADP
ajeer-5797	247	8	2014	2014	NUM
ajeer-5797	247	9	.	.	PUNCT
ajeer-5797	248	1	the	the	DET
ajeer-5797	248	2	last	last	ADJ
ajeer-5797	248	3	negative	negative	ADJ
ajeer-5797	248	4	episode	episode	NOUN
ajeer-5797	248	5	from	from	ADP
ajeer-5797	248	6	2019	2019	NUM
ajeer-5797	248	7	to	to	ADP
ajeer-5797	248	8	2020	2020	NUM
ajeer-5797	248	9	corresponds	correspond	NOUN
ajeer-5797	248	10	to	to	ADP
ajeer-5797	248	11	the	the	DET
ajeer-5797	248	12	period	period	NOUN
ajeer-5797	248	13	of	of	ADP
ajeer-5797	248	14	the	the	DET
ajeer-5797	248	15	covid-19	covid-19	PROPN
ajeer-5797	248	16	pandemic	pandemic	NOUN
ajeer-5797	248	17	's	's	PART
ajeer-5797	248	18	great	great	ADJ
ajeer-5797	248	19	lockdown	lockdown	NOUN
ajeer-5797	248	20	.	.	PUNCT
ajeer-5797	249	1	in	in	ADP
ajeer-5797	249	2	sum	sum	NOUN
ajeer-5797	249	3	,	,	PUNCT
ajeer-5797	249	4	the	the	DET
ajeer-5797	249	5	identification	identification	NOUN
ajeer-5797	249	6	approach	approach	NOUN
ajeer-5797	249	7	recovers	recover	VERB
ajeer-5797	249	8	disturbances	disturbance	NOUN
ajeer-5797	249	9	that	that	PRON
ajeer-5797	249	10	are	be	AUX
ajeer-5797	249	11	structurally	structurally	ADV
ajeer-5797	249	12	interpretable	interpretable	ADJ
ajeer-5797	249	13	and	and	CCONJ
ajeer-5797	249	14	have	have	VERB
ajeer-5797	249	15	a	a	DET
ajeer-5797	249	16	time	time	NOUN
ajeer-5797	249	17	path	path	NOUN
ajeer-5797	249	18	that	that	PRON
ajeer-5797	249	19	1	1	NUM
ajeer-5797	249	20	the	the	DET
ajeer-5797	249	21	cusum	cusum	NOUN
ajeer-5797	249	22	test	test	NOUN
ajeer-5797	249	23	identifies	identify	VERB
ajeer-5797	249	24	systematic	systematic	ADJ
ajeer-5797	249	25	changes	change	NOUN
ajeer-5797	249	26	in	in	ADP
ajeer-5797	249	27	the	the	DET
ajeer-5797	249	28	regression	regression	NOUN
ajeer-5797	249	29	coefficients	coefficient	NOUN
ajeer-5797	249	30	,	,	PUNCT
ajeer-5797	249	31	while	while	SCONJ
ajeer-5797	249	32	the	the	DET
ajeer-5797	249	33	cusumsq	cusumsq	ADJ
ajeer-5797	249	34	test	test	NOUN
ajeer-5797	249	35	detects	detect	NOUN
ajeer-5797	249	36	sudden	sudden	ADJ
ajeer-5797	249	37	changes	change	NOUN
ajeer-5797	249	38	from	from	ADP
ajeer-5797	249	39	the	the	DET
ajeer-5797	249	40	constancy	constancy	NOUN
ajeer-5797	249	41	of	of	ADP
ajeer-5797	249	42	the	the	DET
ajeer-5797	249	43	regression	regression	NOUN
ajeer-5797	249	44	coefficients	coefficient	NOUN
ajeer-5797	249	45	.	.	PUNCT
ajeer-5797	250	1	note	note	NOUN
ajeer-5797	250	2	:	:	PUNCT
ajeer-5797	251	1	std	std	PROPN
ajeer-5797	251	2	.	.	PROPN
ajeer-5797	251	3	dev	dev	PROPN
ajeer-5797	251	4	.	.	PROPN
ajeer-5797	251	5	,	,	PUNCT
ajeer-5797	251	6	max	max	PROPN
ajeer-5797	251	7	.	.	PROPN
ajeer-5797	251	8	,	,	PUNCT
ajeer-5797	251	9	and	and	CCONJ
ajeer-5797	251	10	min	min	PROPN
ajeer-5797	251	11	.	.	PROPN
ajeer-5797	251	12	denotes	denotes	PROPN
ajeer-5797	251	13	standard	standard	ADJ
ajeer-5797	251	14	deviation	deviation	NOUN
ajeer-5797	251	15	,	,	PUNCT
ajeer-5797	251	16	maximum	maximum	ADJ
ajeer-5797	251	17	,	,	PUNCT
ajeer-5797	251	18	and	and	CCONJ
ajeer-5797	251	19	minimum	minimum	NOUN
ajeer-5797	251	20	,	,	PUNCT
ajeer-5797	251	21	respectively	respectively	ADV
ajeer-5797	251	22	.	.	PUNCT
ajeer-5797	252	1	asian	asian	ADJ
ajeer-5797	252	2	journal	journal	PROPN
ajeer-5797	252	3	of	of	ADP
ajeer-5797	252	4	economics	economic	NOUN
ajeer-5797	252	5	and	and	CCONJ
ajeer-5797	252	6	empirical	empirical	ADJ
ajeer-5797	252	7	research	research	NOUN
ajeer-5797	252	8	,	,	PUNCT
ajeer-5797	252	9	2024	2024	NUM
ajeer-5797	252	10	,	,	PUNCT
ajeer-5797	252	11	11(1	11(1	NUM
ajeer-5797	252	12	):	):	PUNCT
ajeer-5797	252	13	30	30	NUM
ajeer-5797	252	14	-	-	SYM
ajeer-5797	252	15	43	43	NUM
ajeer-5797	252	16	37	37	NUM
ajeer-5797	252	17	©	©	ADP
ajeer-5797	252	18	2024	2024	NUM
ajeer-5797	252	19	by	by	ADP
ajeer-5797	252	20	the	the	DET
ajeer-5797	252	21	authors	author	NOUN
ajeer-5797	252	22	;	;	PUNCT
ajeer-5797	252	23	licensee	licensee	PROPN
ajeer-5797	252	24	asian	asian	ADJ
ajeer-5797	252	25	online	online	PROPN
ajeer-5797	252	26	journal	journal	PROPN
ajeer-5797	252	27	publishing	publishing	NOUN
ajeer-5797	252	28	group	group	NOUN
ajeer-5797	252	29	accounts	account	VERB
ajeer-5797	252	30	for	for	ADP
ajeer-5797	252	31	selected	select	VERB
ajeer-5797	252	32	historical	historical	ADJ
ajeer-5797	252	33	episodes	episode	NOUN
ajeer-5797	252	34	reasonably	reasonably	ADV
ajeer-5797	252	35	well	well	ADV
ajeer-5797	252	36	.	.	PUNCT
ajeer-5797	253	1	the	the	DET
ajeer-5797	253	2	next	next	ADJ
ajeer-5797	253	3	section	section	NOUN
ajeer-5797	253	4	investigates	investigate	VERB
ajeer-5797	253	5	the	the	DET
ajeer-5797	253	6	transmission	transmission	NOUN
ajeer-5797	253	7	of	of	ADP
ajeer-5797	253	8	these	these	DET
ajeer-5797	253	9	shocks	shock	NOUN
ajeer-5797	253	10	to	to	ADP
ajeer-5797	253	11	indonesia	indonesia	PROPN
ajeer-5797	253	12	's	's	PART
ajeer-5797	253	13	economy	economy	NOUN
ajeer-5797	253	14	.	.	PUNCT
ajeer-5797	254	1	figure	figure	NOUN
ajeer-5797	254	2	5	5	NUM
ajeer-5797	254	3	.	.	NOUN
ajeer-5797	254	4	time	time	NOUN
ajeer-5797	254	5	path	path	NOUN
ajeer-5797	254	6	of	of	ADP
ajeer-5797	254	7	us	us	PROPN
ajeer-5797	254	8	monetary	monetary	ADJ
ajeer-5797	254	9	policy	policy	NOUN
ajeer-5797	254	10	shock	shock	NOUN
ajeer-5797	254	11	.	.	PUNCT
ajeer-5797	255	1	figure	figure	NOUN
ajeer-5797	255	2	6	6	NUM
ajeer-5797	255	3	.	.	PUNCT
ajeer-5797	256	1	cusum	cusum	NOUN
ajeer-5797	256	2	and	and	CCONJ
ajeer-5797	256	3	cusumsq	cusumsq	ADV
ajeer-5797	256	4	tests	test	NOUN
ajeer-5797	256	5	for	for	ADP
ajeer-5797	256	6	parameter	parameter	NOUN
ajeer-5797	256	7	stability	stability	NOUN
ajeer-5797	256	8	.	.	PUNCT
ajeer-5797	257	1	4.3	4.3	NUM
ajeer-5797	257	2	.	.	PUNCT
ajeer-5797	257	3	results	result	NOUN
ajeer-5797	257	4	from	from	ADP
ajeer-5797	257	5	the	the	DET
ajeer-5797	257	6	indonesia	indonesia	PROPN
ajeer-5797	257	7	svar	svar	PROPN
ajeer-5797	257	8	this	this	DET
ajeer-5797	257	9	section	section	NOUN
ajeer-5797	257	10	presents	present	VERB
ajeer-5797	257	11	the	the	DET
ajeer-5797	257	12	tvp	tvp	ADJ
ajeer-5797	257	13	-	-	PUNCT
ajeer-5797	257	14	var	var	NOUN
ajeer-5797	257	15	result	result	NOUN
ajeer-5797	257	16	,	,	PUNCT
ajeer-5797	257	17	which	which	PRON
ajeer-5797	257	18	estimates	estimate	VERB
ajeer-5797	257	19	the	the	DET
ajeer-5797	257	20	impact	impact	NOUN
ajeer-5797	257	21	of	of	ADP
ajeer-5797	257	22	us	us	PROPN
ajeer-5797	257	23	monetary	monetary	ADJ
ajeer-5797	257	24	policy	policy	NOUN
ajeer-5797	257	25	spillover	spillover	VERB
ajeer-5797	257	26	on	on	ADP
ajeer-5797	257	27	indonesia	indonesia	PROPN
ajeer-5797	257	28	's	's	PART
ajeer-5797	257	29	macroeconomic	macroeconomic	ADJ
ajeer-5797	257	30	and	and	CCONJ
ajeer-5797	257	31	financial	financial	ADJ
ajeer-5797	257	32	variables	variable	NOUN
ajeer-5797	257	33	.	.	PUNCT
ajeer-5797	258	1	we	we	PRON
ajeer-5797	258	2	contrast	contrast	VERB
ajeer-5797	258	3	the	the	DET
ajeer-5797	258	4	effect	effect	NOUN
ajeer-5797	258	5	of	of	ADP
ajeer-5797	258	6	us	us	PROPN
ajeer-5797	258	7	monetary	monetary	ADJ
ajeer-5797	258	8	policy	policy	NOUN
ajeer-5797	258	9	contraction	contraction	NOUN
ajeer-5797	258	10	and	and	CCONJ
ajeer-5797	258	11	expansion	expansion	NOUN
ajeer-5797	258	12	shocks	shock	VERB
ajeer-5797	258	13	with	with	ADP
ajeer-5797	258	14	a	a	DET
ajeer-5797	258	15	total	total	ADJ
ajeer-5797	258	16	shock	shock	NOUN
ajeer-5797	258	17	that	that	PRON
ajeer-5797	258	18	combined	combine	VERB
ajeer-5797	258	19	both	both	CCONJ
ajeer-5797	258	20	tightening	tighten	VERB
ajeer-5797	258	21	and	and	CCONJ
ajeer-5797	258	22	easing	ease	VERB
ajeer-5797	258	23	shocks	shock	NOUN
ajeer-5797	258	24	.	.	PUNCT
ajeer-5797	259	1	we	we	PRON
ajeer-5797	259	2	also	also	ADV
ajeer-5797	259	3	contrast	contrast	VERB
ajeer-5797	259	4	the	the	DET
ajeer-5797	259	5	total	total	ADJ
ajeer-5797	259	6	shock	shock	NOUN
ajeer-5797	259	7	during	during	ADP
ajeer-5797	259	8	the	the	DET
ajeer-5797	259	9	conventional	conventional	ADJ
ajeer-5797	259	10	monetary	monetary	ADJ
ajeer-5797	259	11	policy	policy	NOUN
ajeer-5797	259	12	era	era	NOUN
ajeer-5797	259	13	in	in	ADP
ajeer-5797	259	14	the	the	DET
ajeer-5797	259	15	us	we	PRON
ajeer-5797	259	16	with	with	ADP
ajeer-5797	259	17	the	the	DET
ajeer-5797	259	18	unconventional	unconventional	ADJ
ajeer-5797	259	19	monetary	monetary	ADJ
ajeer-5797	259	20	policy	policy	NOUN
ajeer-5797	259	21	(	(	PUNCT
ajeer-5797	259	22	ump	ump	NOUN
ajeer-5797	259	23	)	)	PUNCT
ajeer-5797	259	24	.	.	PUNCT
ajeer-5797	260	1	both	both	CCONJ
ajeer-5797	260	2	the	the	DET
ajeer-5797	260	3	constant	constant	ADJ
ajeer-5797	260	4	coefficient	coefficient	NOUN
ajeer-5797	260	5	and	and	CCONJ
ajeer-5797	260	6	time	time	NOUN
ajeer-5797	260	7	-	-	PUNCT
ajeer-5797	260	8	varying	vary	VERB
ajeer-5797	260	9	impulse	impulse	ADJ
ajeer-5797	260	10	response	response	NOUN
ajeer-5797	260	11	functions	function	NOUN
ajeer-5797	260	12	(	(	PUNCT
ajeer-5797	260	13	irfs	irfs	PROPN
ajeer-5797	260	14	)	)	PUNCT
ajeer-5797	260	15	of	of	ADP
ajeer-5797	260	16	indonesia	indonesia	PROPN
ajeer-5797	260	17	’s	’s	PART
ajeer-5797	260	18	real	real	ADJ
ajeer-5797	260	19	and	and	CCONJ
ajeer-5797	260	20	financial	financial	ADJ
ajeer-5797	260	21	variables	variable	NOUN
ajeer-5797	260	22	to	to	ADP
ajeer-5797	260	23	us	we	PRON
ajeer-5797	260	24	monetary	monetary	ADJ
ajeer-5797	260	25	policy	policy	NOUN
ajeer-5797	260	26	are	be	AUX
ajeer-5797	260	27	presented	present	VERB
ajeer-5797	260	28	and	and	CCONJ
ajeer-5797	260	29	discussed	discuss	VERB
ajeer-5797	260	30	.	.	PUNCT
ajeer-5797	261	1	while	while	SCONJ
ajeer-5797	261	2	the	the	DET
ajeer-5797	261	3	tightening	tightening	NOUN
ajeer-5797	261	4	and	and	CCONJ
ajeer-5797	261	5	easing	ease	VERB
ajeer-5797	261	6	shocks	shock	NOUN
ajeer-5797	261	7	are	be	AUX
ajeer-5797	261	8	presented	present	VERB
ajeer-5797	261	9	in	in	ADP
ajeer-5797	261	10	figure	figure	NOUN
ajeer-5797	261	11	7a	7a	NOUN
ajeer-5797	261	12	and	and	CCONJ
ajeer-5797	261	13	figure	figure	NOUN
ajeer-5797	261	14	7b	7b	NOUN
ajeer-5797	261	15	,	,	PUNCT
ajeer-5797	261	16	the	the	DET
ajeer-5797	261	17	conventional	conventional	ADJ
ajeer-5797	261	18	and	and	CCONJ
ajeer-5797	261	19	ump	ump	NOUN
ajeer-5797	261	20	shocks	shock	NOUN
ajeer-5797	261	21	are	be	AUX
ajeer-5797	261	22	also	also	ADV
ajeer-5797	261	23	reported	report	VERB
ajeer-5797	261	24	in	in	ADP
ajeer-5797	261	25	figure	figure	NOUN
ajeer-5797	261	26	8a	8a	NUM
ajeer-5797	261	27	and	and	CCONJ
ajeer-5797	261	28	figure	figure	NOUN
ajeer-5797	261	29	8b	8b	NUM
ajeer-5797	261	30	.	.	PUNCT
ajeer-5797	262	1	4.3.1	4.3.1	X
ajeer-5797	262	2	.	.	PUNCT
ajeer-5797	263	1	spillover	spillover	VERB
ajeer-5797	263	2	effects	effect	NOUN
ajeer-5797	263	3	from	from	ADP
ajeer-5797	263	4	us	we	PRON
ajeer-5797	263	5	monetary	monetary	ADJ
ajeer-5797	263	6	policy	policy	NOUN
ajeer-5797	263	7	tightening	tighten	VERB
ajeer-5797	263	8	vs	vs	ADP
ajeer-5797	263	9	easing	ease	VERB
ajeer-5797	263	10	shocks	shock	NOUN
ajeer-5797	263	11	to	to	ADP
ajeer-5797	263	12	indonesia	indonesia	PROPN
ajeer-5797	263	13	figure	figure	NOUN
ajeer-5797	263	14	7a	7a	NUM
ajeer-5797	263	15	shows	show	VERB
ajeer-5797	263	16	the	the	DET
ajeer-5797	263	17	constant	constant	ADJ
ajeer-5797	263	18	coefficient	coefficient	NOUN
ajeer-5797	263	19	impulse	impulse	ADJ
ajeer-5797	263	20	response	response	NOUN
ajeer-5797	263	21	of	of	ADP
ajeer-5797	263	22	indonesia	indonesia	PROPN
ajeer-5797	263	23	’s	’s	PART
ajeer-5797	263	24	macroeconomic	macroeconomic	ADJ
ajeer-5797	263	25	and	and	CCONJ
ajeer-5797	263	26	financial	financial	ADJ
ajeer-5797	263	27	variables	variable	NOUN
ajeer-5797	263	28	to	to	ADP
ajeer-5797	263	29	us	we	PRON
ajeer-5797	263	30	monetary	monetary	ADJ
ajeer-5797	263	31	policy	policy	NOUN
ajeer-5797	263	32	tightening	tightening	NOUN
ajeer-5797	263	33	and	and	CCONJ
ajeer-5797	263	34	easing	ease	VERB
ajeer-5797	263	35	shocks	shock	NOUN
ajeer-5797	263	36	.	.	PUNCT
ajeer-5797	264	1	indonesia	indonesia	PROPN
ajeer-5797	264	2	's	's	PART
ajeer-5797	264	3	real	real	ADJ
ajeer-5797	264	4	gdp	gdp	NOUN
ajeer-5797	264	5	responded	respond	VERB
ajeer-5797	264	6	positively	positively	ADV
ajeer-5797	264	7	to	to	ADP
ajeer-5797	264	8	both	both	PRON
ajeer-5797	264	9	monetary	monetary	ADJ
ajeer-5797	264	10	policy	policy	NOUN
ajeer-5797	264	11	easing	ease	VERB
ajeer-5797	264	12	and	and	CCONJ
ajeer-5797	264	13	tightening	tighten	VERB
ajeer-5797	264	14	shocks	shock	NOUN
ajeer-5797	264	15	.	.	PUNCT
ajeer-5797	265	1	while	while	SCONJ
ajeer-5797	265	2	the	the	DET
ajeer-5797	265	3	responses	response	NOUN
ajeer-5797	265	4	are	be	AUX
ajeer-5797	265	5	weak	weak	ADJ
ajeer-5797	265	6	,	,	PUNCT
ajeer-5797	265	7	the	the	DET
ajeer-5797	265	8	easing	ease	VERB
ajeer-5797	265	9	shock	shock	NOUN
ajeer-5797	265	10	has	have	VERB
ajeer-5797	265	11	a	a	DET
ajeer-5797	265	12	stronger	strong	ADJ
ajeer-5797	265	13	effect	effect	NOUN
ajeer-5797	265	14	than	than	ADP
ajeer-5797	265	15	the	the	DET
ajeer-5797	265	16	tightening	tighten	VERB
ajeer-5797	265	17	cycle	cycle	NOUN
ajeer-5797	265	18	.	.	PUNCT
ajeer-5797	266	1	a	a	DET
ajeer-5797	266	2	two	two	NUM
ajeer-5797	266	3	-	-	PUNCT
ajeer-5797	266	4	country	country	NOUN
ajeer-5797	266	5	mundell	mundell	ADJ
ajeer-5797	266	6	-	-	PUNCT
ajeer-5797	266	7	fleming	fleme	VERB
ajeer-5797	266	8	model	model	NOUN
ajeer-5797	266	9	predicts	predict	VERB
ajeer-5797	266	10	the	the	DET
ajeer-5797	266	11	dominance	dominance	NOUN
ajeer-5797	266	12	of	of	ADP
ajeer-5797	266	13	the	the	DET
ajeer-5797	266	14	us	us	PROPN
ajeer-5797	266	15	output	output	NOUN
ajeer-5797	266	16	expansion	expansion	NOUN
ajeer-5797	266	17	impact	impact	NOUN
ajeer-5797	266	18	,	,	PUNCT
ajeer-5797	266	19	as	as	SCONJ
ajeer-5797	266	20	evidenced	evidence	VERB
ajeer-5797	266	21	by	by	ADP
ajeer-5797	266	22	the	the	DET
ajeer-5797	266	23	rise	rise	NOUN
ajeer-5797	266	24	of	of	ADP
ajeer-5797	266	25	indonesia	indonesia	PROPN
ajeer-5797	266	26	's	's	PART
ajeer-5797	266	27	real	real	ADJ
ajeer-5797	266	28	gdp	gdp	NOUN
ajeer-5797	266	29	in	in	ADP
ajeer-5797	266	30	response	response	NOUN
ajeer-5797	266	31	to	to	ADP
ajeer-5797	266	32	us	we	PRON
ajeer-5797	266	33	monetary	monetary	ADJ
ajeer-5797	266	34	policy	policy	NOUN
ajeer-5797	266	35	easing	easing	NOUN
ajeer-5797	266	36	,	,	PUNCT
ajeer-5797	266	37	which	which	PRON
ajeer-5797	266	38	can	can	AUX
ajeer-5797	266	39	lead	lead	VERB
ajeer-5797	266	40	to	to	ADP
ajeer-5797	266	41	a	a	DET
ajeer-5797	266	42	rise	rise	NOUN
ajeer-5797	266	43	in	in	ADP
ajeer-5797	266	44	export	export	NOUN
ajeer-5797	266	45	demand	demand	NOUN
ajeer-5797	266	46	from	from	ADP
ajeer-5797	266	47	indonesia	indonesia	PROPN
ajeer-5797	266	48	and	and	CCONJ
ajeer-5797	266	49	,	,	PUNCT
ajeer-5797	266	50	consequently	consequently	ADV
ajeer-5797	266	51	,	,	PUNCT
ajeer-5797	266	52	an	an	DET
ajeer-5797	266	53	increase	increase	NOUN
ajeer-5797	266	54	in	in	ADP
ajeer-5797	266	55	output	output	NOUN
ajeer-5797	266	56	.	.	PUNCT
ajeer-5797	267	1	however	however	ADV
ajeer-5797	267	2	,	,	PUNCT
ajeer-5797	267	3	the	the	DET
ajeer-5797	267	4	asymmetry	asymmetry	NOUN
ajeer-5797	267	5	suggested	suggest	VERB
ajeer-5797	267	6	by	by	ADP
ajeer-5797	267	7	the	the	DET
ajeer-5797	267	8	positive	positive	ADJ
ajeer-5797	267	9	responses	response	NOUN
ajeer-5797	267	10	of	of	ADP
ajeer-5797	267	11	real	real	ADJ
ajeer-5797	267	12	gdp	gdp	NOUN
ajeer-5797	267	13	to	to	ADP
ajeer-5797	267	14	both	both	DET
ajeer-5797	267	15	easing	ease	VERB
ajeer-5797	267	16	and	and	CCONJ
ajeer-5797	267	17	tightening	tighten	VERB
ajeer-5797	267	18	cycles	cycle	NOUN
ajeer-5797	267	19	is	be	AUX
ajeer-5797	267	20	quite	quite	ADV
ajeer-5797	267	21	puzzling	puzzling	ADJ
ajeer-5797	267	22	.	.	PUNCT
ajeer-5797	268	1	asian	asian	ADJ
ajeer-5797	268	2	journal	journal	PROPN
ajeer-5797	268	3	of	of	ADP
ajeer-5797	268	4	economics	economic	NOUN
ajeer-5797	268	5	and	and	CCONJ
ajeer-5797	268	6	empirical	empirical	ADJ
ajeer-5797	268	7	research	research	NOUN
ajeer-5797	268	8	,	,	PUNCT
ajeer-5797	268	9	2024	2024	NUM
ajeer-5797	268	10	,	,	PUNCT
ajeer-5797	268	11	11(1	11(1	NUM
ajeer-5797	268	12	):	):	PUNCT
ajeer-5797	268	13	30	30	NUM
ajeer-5797	268	14	-	-	SYM
ajeer-5797	268	15	43	43	NUM
ajeer-5797	268	16	38	38	NUM
ajeer-5797	268	17	©	©	ADP
ajeer-5797	268	18	2024	2024	NUM
ajeer-5797	268	19	by	by	ADP
ajeer-5797	268	20	the	the	DET
ajeer-5797	268	21	authors	author	NOUN
ajeer-5797	268	22	;	;	PUNCT
ajeer-5797	268	23	licensee	licensee	PROPN
ajeer-5797	268	24	asian	asian	ADJ
ajeer-5797	268	25	online	online	PROPN
ajeer-5797	268	26	journal	journal	PROPN
ajeer-5797	268	27	publishing	publishing	NOUN
ajeer-5797	268	28	group	group	NOUN
ajeer-5797	268	29	figure	figure	NOUN
ajeer-5797	268	30	7a	7a	NUM
ajeer-5797	268	31	.	.	PUNCT
ajeer-5797	269	1	impulse	impulse	ADJ
ajeer-5797	269	2	response	response	NOUN
ajeer-5797	269	3	function	function	NOUN
ajeer-5797	269	4	(	(	PUNCT
ajeer-5797	269	5	irf	irf	PROPN
ajeer-5797	269	6	)	)	PUNCT
ajeer-5797	269	7	of	of	ADP
ajeer-5797	269	8	indonesia	indonesia	PROPN
ajeer-5797	269	9	’s	’s	PART
ajeer-5797	269	10	real	real	ADJ
ajeer-5797	269	11	and	and	CCONJ
ajeer-5797	269	12	financial	financial	ADJ
ajeer-5797	269	13	variable	variable	NOUN
ajeer-5797	269	14	to	to	ADP
ajeer-5797	269	15	us	we	PRON
ajeer-5797	269	16	monetary	monetary	ADJ
ajeer-5797	269	17	policy	policy	NOUN
ajeer-5797	269	18	tightening	tightening	NOUN
ajeer-5797	269	19	and	and	CCONJ
ajeer-5797	269	20	easing	ease	VERB
ajeer-5797	269	21	shocks	shock	NOUN
ajeer-5797	269	22	.	.	PUNCT
ajeer-5797	270	1	inflation	inflation	NOUN
ajeer-5797	270	2	's	's	PART
ajeer-5797	270	3	response	response	NOUN
ajeer-5797	270	4	to	to	ADP
ajeer-5797	270	5	us	we	PRON
ajeer-5797	270	6	monetary	monetary	ADJ
ajeer-5797	270	7	policy	policy	NOUN
ajeer-5797	270	8	easing	ease	VERB
ajeer-5797	270	9	and	and	CCONJ
ajeer-5797	270	10	tightening	tighten	VERB
ajeer-5797	270	11	shocks	shock	NOUN
ajeer-5797	270	12	resembles	resemble	NOUN
ajeer-5797	270	13	symmetry	symmetry	NOUN
ajeer-5797	270	14	.	.	PUNCT
ajeer-5797	271	1	while	while	SCONJ
ajeer-5797	271	2	inflation	inflation	NOUN
ajeer-5797	271	3	declined	decline	VERB
ajeer-5797	271	4	in	in	ADP
ajeer-5797	271	5	response	response	NOUN
ajeer-5797	271	6	to	to	ADP
ajeer-5797	271	7	the	the	DET
ajeer-5797	271	8	easing	ease	VERB
ajeer-5797	271	9	shock	shock	NOUN
ajeer-5797	271	10	for	for	ADP
ajeer-5797	271	11	about	about	ADV
ajeer-5797	271	12	two	two	NUM
ajeer-5797	271	13	quarters	quarter	NOUN
ajeer-5797	271	14	before	before	SCONJ
ajeer-5797	271	15	it	it	PRON
ajeer-5797	271	16	turned	turn	VERB
ajeer-5797	271	17	positive	positive	ADJ
ajeer-5797	271	18	,	,	PUNCT
ajeer-5797	271	19	the	the	DET
ajeer-5797	271	20	inflation	inflation	NOUN
ajeer-5797	271	21	rate	rate	NOUN
ajeer-5797	271	22	's	's	PART
ajeer-5797	271	23	response	response	NOUN
ajeer-5797	271	24	to	to	ADP
ajeer-5797	271	25	the	the	DET
ajeer-5797	271	26	tightening	tighten	VERB
ajeer-5797	271	27	cycle	cycle	NOUN
ajeer-5797	271	28	was	be	AUX
ajeer-5797	271	29	positive	positive	ADJ
ajeer-5797	271	30	on	on	ADP
ajeer-5797	271	31	impact	impact	NOUN
ajeer-5797	271	32	and	and	CCONJ
ajeer-5797	271	33	turned	turn	VERB
ajeer-5797	271	34	negative	negative	ADJ
ajeer-5797	271	35	after	after	ADP
ajeer-5797	271	36	three	three	NUM
ajeer-5797	271	37	quarters	quarter	NOUN
ajeer-5797	271	38	.	.	PUNCT
ajeer-5797	272	1	both	both	CCONJ
ajeer-5797	272	2	the	the	DET
ajeer-5797	272	3	exchange	exchange	NOUN
ajeer-5797	272	4	rate	rate	NOUN
ajeer-5797	272	5	's	's	PART
ajeer-5797	272	6	responses	response	NOUN
ajeer-5797	272	7	to	to	ADP
ajeer-5797	272	8	us	we	PRON
ajeer-5797	272	9	easing	ease	VERB
ajeer-5797	272	10	and	and	CCONJ
ajeer-5797	272	11	tightening	tighten	VERB
ajeer-5797	272	12	shocks	shock	NOUN
ajeer-5797	272	13	were	be	AUX
ajeer-5797	272	14	negative	negative	ADJ
ajeer-5797	272	15	.	.	PUNCT
ajeer-5797	273	1	this	this	PRON
ajeer-5797	273	2	suggests	suggest	VERB
ajeer-5797	273	3	an	an	DET
ajeer-5797	273	4	exchange	exchange	NOUN
ajeer-5797	273	5	rate	rate	NOUN
ajeer-5797	273	6	appreciation	appreciation	NOUN
ajeer-5797	273	7	in	in	ADP
ajeer-5797	273	8	favor	favor	NOUN
ajeer-5797	273	9	of	of	ADP
ajeer-5797	273	10	the	the	DET
ajeer-5797	273	11	indonesian	indonesian	ADJ
ajeer-5797	273	12	lira	lira	PROPN
ajeer-5797	273	13	.	.	PUNCT
ajeer-5797	274	1	although	although	SCONJ
ajeer-5797	274	2	the	the	DET
ajeer-5797	274	3	appreciation	appreciation	NOUN
ajeer-5797	274	4	is	be	AUX
ajeer-5797	274	5	stronger	strong	ADJ
ajeer-5797	274	6	and	and	CCONJ
ajeer-5797	274	7	longer	long	ADV
ajeer-5797	274	8	in	in	ADP
ajeer-5797	274	9	response	response	NOUN
ajeer-5797	274	10	to	to	ADP
ajeer-5797	274	11	the	the	DET
ajeer-5797	274	12	easing	ease	VERB
ajeer-5797	274	13	cycle	cycle	NOUN
ajeer-5797	274	14	compared	compare	VERB
ajeer-5797	274	15	to	to	ADP
ajeer-5797	274	16	the	the	DET
ajeer-5797	274	17	tightening	tighten	VERB
ajeer-5797	274	18	cycle	cycle	NOUN
ajeer-5797	274	19	,	,	PUNCT
ajeer-5797	274	20	this	this	PRON
ajeer-5797	274	21	suggests	suggest	VERB
ajeer-5797	274	22	a	a	DET
ajeer-5797	274	23	weak	weak	ADJ
ajeer-5797	274	24	form	form	NOUN
ajeer-5797	274	25	of	of	ADP
ajeer-5797	274	26	asymmetric	asymmetric	ADJ
ajeer-5797	274	27	effect	effect	NOUN
ajeer-5797	274	28	.	.	PUNCT
ajeer-5797	275	1	the	the	DET
ajeer-5797	275	2	response	response	NOUN
ajeer-5797	275	3	to	to	ADP
ajeer-5797	275	4	the	the	DET
ajeer-5797	275	5	easing	ease	VERB
ajeer-5797	275	6	cycle	cycle	NOUN
ajeer-5797	275	7	turned	turn	VERB
ajeer-5797	275	8	positive	positive	ADJ
ajeer-5797	275	9	(	(	PUNCT
ajeer-5797	275	10	depreciation	depreciation	NOUN
ajeer-5797	275	11	)	)	PUNCT
ajeer-5797	275	12	after	after	ADP
ajeer-5797	275	13	the	the	DET
ajeer-5797	275	14	second	second	ADJ
ajeer-5797	275	15	quarter	quarter	NOUN
ajeer-5797	275	16	,	,	PUNCT
ajeer-5797	275	17	while	while	SCONJ
ajeer-5797	275	18	the	the	DET
ajeer-5797	275	19	response	response	NOUN
ajeer-5797	275	20	to	to	ADP
ajeer-5797	275	21	the	the	DET
ajeer-5797	275	22	tightening	tighten	VERB
ajeer-5797	275	23	cycle	cycle	NOUN
ajeer-5797	275	24	died	die	VERB
ajeer-5797	275	25	out	out	ADP
ajeer-5797	275	26	after	after	ADP
ajeer-5797	275	27	the	the	DET
ajeer-5797	275	28	second	second	ADJ
ajeer-5797	275	29	quarter	quarter	NOUN
ajeer-5797	275	30	.	.	PUNCT
ajeer-5797	276	1	the	the	DET
ajeer-5797	276	2	figure	figure	NOUN
ajeer-5797	276	3	further	far	ADV
ajeer-5797	276	4	shows	show	VERB
ajeer-5797	276	5	that	that	SCONJ
ajeer-5797	276	6	while	while	SCONJ
ajeer-5797	276	7	stock	stock	NOUN
ajeer-5797	276	8	market	market	NOUN
ajeer-5797	276	9	returns	return	NOUN
ajeer-5797	276	10	in	in	ADP
ajeer-5797	276	11	indonesia	indonesia	PROPN
ajeer-5797	276	12	responded	respond	VERB
ajeer-5797	276	13	positively	positively	ADV
ajeer-5797	276	14	to	to	ADP
ajeer-5797	276	15	the	the	DET
ajeer-5797	276	16	us	us	PROPN
ajeer-5797	276	17	monetary	monetary	ADJ
ajeer-5797	276	18	policy	policy	NOUN
ajeer-5797	276	19	easing	ease	VERB
ajeer-5797	276	20	cycle	cycle	NOUN
ajeer-5797	276	21	,	,	PUNCT
ajeer-5797	276	22	the	the	DET
ajeer-5797	276	23	returns	return	NOUN
ajeer-5797	276	24	responded	respond	VERB
ajeer-5797	276	25	negatively	negatively	ADV
ajeer-5797	276	26	to	to	ADP
ajeer-5797	276	27	the	the	DET
ajeer-5797	276	28	tightening	tighten	VERB
ajeer-5797	276	29	cycle	cycle	NOUN
ajeer-5797	276	30	.	.	PUNCT
ajeer-5797	277	1	although	although	SCONJ
ajeer-5797	277	2	the	the	DET
ajeer-5797	277	3	effect	effect	NOUN
ajeer-5797	277	4	of	of	ADP
ajeer-5797	277	5	easing	ease	VERB
ajeer-5797	277	6	shock	shock	NOUN
ajeer-5797	277	7	is	be	AUX
ajeer-5797	277	8	stronger	strong	ADJ
ajeer-5797	277	9	compared	compare	VERB
ajeer-5797	277	10	to	to	ADP
ajeer-5797	277	11	tightening	tighten	VERB
ajeer-5797	277	12	shocks	shock	NOUN
ajeer-5797	277	13	.	.	PUNCT
ajeer-5797	278	1	this	this	PRON
ajeer-5797	278	2	suggests	suggest	VERB
ajeer-5797	278	3	a	a	DET
ajeer-5797	278	4	symmetrical	symmetrical	ADJ
ajeer-5797	278	5	effect	effect	NOUN
ajeer-5797	278	6	of	of	ADP
ajeer-5797	278	7	us	us	PROPN
ajeer-5797	278	8	monetary	monetary	ADJ
ajeer-5797	278	9	policy	policy	NOUN
ajeer-5797	278	10	spillovers	spillover	NOUN
ajeer-5797	278	11	on	on	ADP
ajeer-5797	278	12	indonesia	indonesia	PROPN
ajeer-5797	278	13	’s	’s	PART
ajeer-5797	278	14	stock	stock	NOUN
ajeer-5797	278	15	market	market	NOUN
ajeer-5797	278	16	returns	return	NOUN
ajeer-5797	278	17	.	.	PUNCT
ajeer-5797	279	1	this	this	DET
ajeer-5797	279	2	finding	finding	NOUN
ajeer-5797	279	3	is	be	AUX
ajeer-5797	279	4	at	at	ADP
ajeer-5797	279	5	variance	variance	NOUN
ajeer-5797	279	6	with	with	ADP
ajeer-5797	279	7	tillmann	tillmann	PROPN
ajeer-5797	279	8	et	et	PROPN
ajeer-5797	279	9	al	al	PROPN
ajeer-5797	279	10	.	.	PROPN
ajeer-5797	280	1	(	(	PUNCT
ajeer-5797	280	2	2019	2019	NUM
ajeer-5797	280	3	)	)	PUNCT
ajeer-5797	280	4	.	.	PUNCT
ajeer-5797	281	1	they	they	PRON
ajeer-5797	281	2	found	find	VERB
ajeer-5797	281	3	that	that	SCONJ
ajeer-5797	281	4	us	we	PRON
ajeer-5797	281	5	tightening	tighten	VERB
ajeer-5797	281	6	has	have	VERB
ajeer-5797	281	7	a	a	DET
ajeer-5797	281	8	stronger	strong	ADJ
ajeer-5797	281	9	impact	impact	NOUN
ajeer-5797	281	10	on	on	ADP
ajeer-5797	281	11	emerging	emerge	VERB
ajeer-5797	281	12	financial	financial	ADJ
ajeer-5797	281	13	markets	market	NOUN
ajeer-5797	281	14	than	than	SCONJ
ajeer-5797	281	15	an	an	DET
ajeer-5797	281	16	easing	ease	VERB
ajeer-5797	281	17	policy	policy	NOUN
ajeer-5797	281	18	does	do	VERB
ajeer-5797	281	19	.	.	PUNCT
ajeer-5797	282	1	the	the	DET
ajeer-5797	282	2	bank	bank	PROPN
ajeer-5797	282	3	of	of	ADP
ajeer-5797	282	4	indonesia	indonesia	PROPN
ajeer-5797	282	5	responded	respond	VERB
ajeer-5797	282	6	positively	positively	ADV
ajeer-5797	282	7	to	to	ADP
ajeer-5797	282	8	both	both	DET
ajeer-5797	282	9	monetary	monetary	ADJ
ajeer-5797	282	10	policy	policy	NOUN
ajeer-5797	282	11	tightening	tightening	NOUN
ajeer-5797	282	12	in	in	ADP
ajeer-5797	282	13	the	the	DET
ajeer-5797	282	14	us	us	PROPN
ajeer-5797	282	15	and	and	CCONJ
ajeer-5797	282	16	the	the	DET
ajeer-5797	282	17	easing	ease	VERB
ajeer-5797	282	18	cycle	cycle	NOUN
ajeer-5797	282	19	.	.	PUNCT
ajeer-5797	283	1	the	the	DET
ajeer-5797	283	2	response	response	NOUN
ajeer-5797	283	3	approximates	approximate	VERB
ajeer-5797	283	4	the	the	DET
ajeer-5797	283	5	asymmetric	asymmetric	ADJ
ajeer-5797	283	6	effect	effect	NOUN
ajeer-5797	283	7	of	of	ADP
ajeer-5797	283	8	us	us	PROPN
ajeer-5797	283	9	monetary	monetary	ADJ
ajeer-5797	283	10	policy	policy	NOUN
ajeer-5797	283	11	spillovers	spillover	NOUN
ajeer-5797	283	12	on	on	ADP
ajeer-5797	283	13	indonesia	indonesia	PROPN
ajeer-5797	283	14	's	's	PART
ajeer-5797	283	15	policy	policy	NOUN
ajeer-5797	283	16	rate	rate	NOUN
ajeer-5797	283	17	.	.	PUNCT
ajeer-5797	284	1	however	however	ADV
ajeer-5797	284	2	,	,	PUNCT
ajeer-5797	284	3	the	the	DET
ajeer-5797	284	4	dynamics	dynamic	NOUN
ajeer-5797	284	5	are	be	AUX
ajeer-5797	284	6	in	in	ADP
ajeer-5797	284	7	line	line	NOUN
ajeer-5797	284	8	with	with	ADP
ajeer-5797	284	9	some	some	PRON
ajeer-5797	284	10	of	of	ADP
ajeer-5797	284	11	the	the	DET
ajeer-5797	284	12	previous	previous	ADJ
ajeer-5797	284	13	studies	study	NOUN
ajeer-5797	284	14	.	.	PUNCT
ajeer-5797	285	1	for	for	ADP
ajeer-5797	285	2	example	example	NOUN
ajeer-5797	285	3	,	,	PUNCT
ajeer-5797	285	4	the	the	DET
ajeer-5797	285	5	response	response	NOUN
ajeer-5797	285	6	to	to	ADP
ajeer-5797	285	7	indonesia	indonesia	PROPN
ajeer-5797	285	8	's	's	PART
ajeer-5797	285	9	monetary	monetary	ADJ
ajeer-5797	285	10	policy	policy	NOUN
ajeer-5797	285	11	rate	rate	NOUN
ajeer-5797	285	12	collaborates	collaborate	NOUN
ajeer-5797	285	13	with	with	ADP
ajeer-5797	285	14	the	the	DET
ajeer-5797	285	15	findings	finding	NOUN
ajeer-5797	285	16	of	of	ADP
ajeer-5797	285	17	eterovic	eterovic	ADJ
ajeer-5797	285	18	,	,	PUNCT
ajeer-5797	285	19	sweet	sweet	ADJ
ajeer-5797	285	20	,	,	PUNCT
ajeer-5797	285	21	and	and	CCONJ
ajeer-5797	285	22	eterovic	eterovic	ADJ
ajeer-5797	285	23	(	(	PUNCT
ajeer-5797	285	24	2022	2022	NUM
ajeer-5797	285	25	)	)	PUNCT
ajeer-5797	285	26	.	.	PUNCT
ajeer-5797	286	1	they	they	PRON
ajeer-5797	286	2	discovered	discover	VERB
ajeer-5797	286	3	that	that	SCONJ
ajeer-5797	286	4	when	when	SCONJ
ajeer-5797	286	5	us	we	PRON
ajeer-5797	286	6	rates	rate	NOUN
ajeer-5797	286	7	ease	ease	VERB
ajeer-5797	286	8	,	,	PUNCT
ajeer-5797	286	9	the	the	DET
ajeer-5797	286	10	absolute	absolute	ADJ
ajeer-5797	286	11	value	value	NOUN
ajeer-5797	286	12	of	of	ADP
ajeer-5797	286	13	policy	policy	NOUN
ajeer-5797	286	14	rates	rate	NOUN
ajeer-5797	286	15	in	in	ADP
ajeer-5797	286	16	emerging	emerge	VERB
ajeer-5797	286	17	markets	market	NOUN
ajeer-5797	286	18	changes	change	VERB
ajeer-5797	286	19	more	more	ADJ
ajeer-5797	286	20	than	than	ADP
ajeer-5797	286	21	when	when	SCONJ
ajeer-5797	286	22	they	they	PRON
ajeer-5797	286	23	tighten	tighten	VERB
ajeer-5797	286	24	.	.	PUNCT
ajeer-5797	287	1	asian	asian	ADJ
ajeer-5797	287	2	journal	journal	PROPN
ajeer-5797	287	3	of	of	ADP
ajeer-5797	287	4	economics	economic	NOUN
ajeer-5797	287	5	and	and	CCONJ
ajeer-5797	287	6	empirical	empirical	ADJ
ajeer-5797	287	7	research	research	NOUN
ajeer-5797	287	8	,	,	PUNCT
ajeer-5797	287	9	2024	2024	NUM
ajeer-5797	287	10	,	,	PUNCT
ajeer-5797	287	11	11(1	11(1	NUM
ajeer-5797	287	12	):	):	PUNCT
ajeer-5797	287	13	30	30	NUM
ajeer-5797	287	14	-	-	SYM
ajeer-5797	287	15	43	43	NUM
ajeer-5797	287	16	39	39	NUM
ajeer-5797	287	17	©	©	ADP
ajeer-5797	287	18	2024	2024	NUM
ajeer-5797	287	19	by	by	ADP
ajeer-5797	287	20	the	the	DET
ajeer-5797	287	21	authors	author	NOUN
ajeer-5797	287	22	;	;	PUNCT
ajeer-5797	287	23	licensee	licensee	PROPN
ajeer-5797	287	24	asian	asian	ADJ
ajeer-5797	287	25	online	online	PROPN
ajeer-5797	287	26	journal	journal	PROPN
ajeer-5797	287	27	publishing	publishing	NOUN
ajeer-5797	287	28	group	group	PROPN
ajeer-5797	287	29	figure	figure	NOUN
ajeer-5797	287	30	7b	7b	PROPN
ajeer-5797	287	31	.	.	PUNCT
ajeer-5797	288	1	time	time	NOUN
ajeer-5797	288	2	-	-	PUNCT
ajeer-5797	288	3	varying	vary	VERB
ajeer-5797	288	4	irf	irf	PROPN
ajeer-5797	288	5	of	of	ADP
ajeer-5797	288	6	indonesia	indonesia	PROPN
ajeer-5797	288	7	’s	’s	PART
ajeer-5797	288	8	real	real	ADJ
ajeer-5797	288	9	and	and	CCONJ
ajeer-5797	288	10	financial	financial	ADJ
ajeer-5797	288	11	variable	variable	NOUN
ajeer-5797	288	12	to	to	ADP
ajeer-5797	288	13	us	we	PRON
ajeer-5797	288	14	monetary	monetary	ADJ
ajeer-5797	288	15	policy	policy	NOUN
ajeer-5797	288	16	tightening	tightening	NOUN
ajeer-5797	288	17	and	and	CCONJ
ajeer-5797	288	18	easing	ease	VERB
ajeer-5797	288	19	shocks	shock	NOUN
ajeer-5797	288	20	.	.	PUNCT
ajeer-5797	289	1	figure	figure	NOUN
ajeer-5797	289	2	7b	7b	PROPN
ajeer-5797	289	3	shows	show	VERB
ajeer-5797	289	4	indonesia	indonesia	PROPN
ajeer-5797	289	5	's	's	PART
ajeer-5797	289	6	time	time	NOUN
ajeer-5797	289	7	-	-	PUNCT
ajeer-5797	289	8	varying	vary	VERB
ajeer-5797	289	9	cumulative	cumulative	ADJ
ajeer-5797	289	10	impulse	impulse	ADJ
ajeer-5797	289	11	responses	response	NOUN
ajeer-5797	289	12	to	to	ADP
ajeer-5797	289	13	monetary	monetary	ADJ
ajeer-5797	289	14	policy	policy	NOUN
ajeer-5797	289	15	tightening	tightening	NOUN
ajeer-5797	289	16	and	and	CCONJ
ajeer-5797	289	17	easing	ease	VERB
ajeer-5797	289	18	shocks	shock	NOUN
ajeer-5797	289	19	from	from	ADP
ajeer-5797	289	20	the	the	DET
ajeer-5797	289	21	us	us	PROPN
ajeer-5797	289	22	fed	feed	VERB
ajeer-5797	289	23	to	to	ADP
ajeer-5797	289	24	real	real	ADJ
ajeer-5797	289	25	and	and	CCONJ
ajeer-5797	289	26	financial	financial	ADJ
ajeer-5797	289	27	variables	variable	NOUN
ajeer-5797	289	28	.	.	PUNCT
ajeer-5797	290	1	these	these	DET
ajeer-5797	290	2	responses	response	NOUN
ajeer-5797	290	3	,	,	PUNCT
ajeer-5797	290	4	with	with	ADP
ajeer-5797	290	5	the	the	DET
ajeer-5797	290	6	exception	exception	NOUN
ajeer-5797	290	7	of	of	ADP
ajeer-5797	290	8	exchange	exchange	NOUN
ajeer-5797	290	9	rates	rate	NOUN
ajeer-5797	290	10	and	and	CCONJ
ajeer-5797	290	11	stock	stock	NOUN
ajeer-5797	290	12	returns	return	NOUN
ajeer-5797	290	13	,	,	PUNCT
ajeer-5797	290	14	clearly	clearly	ADV
ajeer-5797	290	15	feature	feature	VERB
ajeer-5797	290	16	time	time	NOUN
ajeer-5797	290	17	variation	variation	NOUN
ajeer-5797	290	18	over	over	ADP
ajeer-5797	290	19	time	time	NOUN
ajeer-5797	290	20	.	.	PUNCT
ajeer-5797	291	1	in	in	ADP
ajeer-5797	291	2	2008	2008	NUM
ajeer-5797	291	3	,	,	PUNCT
ajeer-5797	291	4	the	the	DET
ajeer-5797	291	5	strongest	strong	ADJ
ajeer-5797	291	6	time	time	NOUN
ajeer-5797	291	7	variation	variation	NOUN
ajeer-5797	291	8	,	,	PUNCT
ajeer-5797	291	9	which	which	PRON
ajeer-5797	291	10	is	be	AUX
ajeer-5797	291	11	also	also	ADV
ajeer-5797	291	12	common	common	ADJ
ajeer-5797	291	13	to	to	ADP
ajeer-5797	291	14	almost	almost	ADV
ajeer-5797	291	15	all	all	PRON
ajeer-5797	291	16	variables	variable	NOUN
ajeer-5797	291	17	,	,	PUNCT
ajeer-5797	291	18	was	be	AUX
ajeer-5797	291	19	observed	observe	VERB
ajeer-5797	291	20	.	.	PUNCT
ajeer-5797	292	1	peaks	peak	NOUN
ajeer-5797	292	2	in	in	ADP
ajeer-5797	292	3	2017	2017	NUM
ajeer-5797	292	4	and	and	CCONJ
ajeer-5797	292	5	2020	2020	NUM
ajeer-5797	292	6	are	be	AUX
ajeer-5797	292	7	weaker	weak	ADJ
ajeer-5797	292	8	than	than	ADP
ajeer-5797	292	9	in	in	ADP
ajeer-5797	292	10	2008	2008	NUM
ajeer-5797	292	11	.	.	PUNCT
ajeer-5797	293	1	these	these	DET
ajeer-5797	293	2	variations	variation	NOUN
ajeer-5797	293	3	can	can	AUX
ajeer-5797	293	4	be	be	AUX
ajeer-5797	293	5	attributed	attribute	VERB
ajeer-5797	293	6	to	to	ADP
ajeer-5797	293	7	various	various	ADJ
ajeer-5797	293	8	factors	factor	NOUN
ajeer-5797	293	9	,	,	PUNCT
ajeer-5797	293	10	such	such	ADJ
ajeer-5797	293	11	as	as	ADP
ajeer-5797	293	12	the	the	DET
ajeer-5797	293	13	global	global	ADJ
ajeer-5797	293	14	financial	financial	ADJ
ajeer-5797	293	15	crises	crisis	NOUN
ajeer-5797	293	16	,	,	PUNCT
ajeer-5797	293	17	the	the	DET
ajeer-5797	293	18	implementation	implementation	NOUN
ajeer-5797	293	19	of	of	ADP
ajeer-5797	293	20	ump	ump	NOUN
ajeer-5797	293	21	by	by	ADP
ajeer-5797	293	22	the	the	DET
ajeer-5797	293	23	us	us	PROPN
ajeer-5797	293	24	fed	feed	VERB
ajeer-5797	293	25	in	in	ADP
ajeer-5797	293	26	2008	2008	NUM
ajeer-5797	293	27	,	,	PUNCT
ajeer-5797	293	28	the	the	DET
ajeer-5797	293	29	three	three	NUM
ajeer-5797	293	30	consecutive	consecutive	ADJ
ajeer-5797	293	31	hikes	hike	NOUN
ajeer-5797	293	32	in	in	ADP
ajeer-5797	293	33	ffr	ffr	PROPN
ajeer-5797	293	34	in	in	ADP
ajeer-5797	293	35	2017	2017	NUM
ajeer-5797	293	36	,	,	PUNCT
ajeer-5797	293	37	and	and	CCONJ
ajeer-5797	293	38	the	the	DET
ajeer-5797	293	39	advent	advent	NOUN
ajeer-5797	293	40	of	of	ADP
ajeer-5797	293	41	covid-19	covid-19	PROPN
ajeer-5797	293	42	,	,	PUNCT
ajeer-5797	293	43	which	which	PRON
ajeer-5797	293	44	led	lead	VERB
ajeer-5797	293	45	to	to	ADP
ajeer-5797	293	46	a	a	DET
ajeer-5797	293	47	significant	significant	ADJ
ajeer-5797	293	48	lockdown	lockdown	NOUN
ajeer-5797	293	49	.	.	PUNCT
ajeer-5797	294	1	4.4	4.4	NUM
ajeer-5797	294	2	.	.	PUNCT
ajeer-5797	295	1	spillovers	spillover	NOUN
ajeer-5797	295	2	effects	effect	NOUN
ajeer-5797	295	3	from	from	ADP
ajeer-5797	295	4	aes	aes	PROPN
ajeer-5797	295	5	conventional	conventional	ADJ
ajeer-5797	295	6	vs	vs	ADP
ajeer-5797	295	7	unconventional	unconventional	ADJ
ajeer-5797	295	8	monetary	monetary	ADJ
ajeer-5797	295	9	policy	policy	NOUN
ajeer-5797	295	10	shocks	shock	NOUN
ajeer-5797	295	11	in	in	ADP
ajeer-5797	295	12	this	this	DET
ajeer-5797	295	13	section	section	NOUN
ajeer-5797	295	14	,	,	PUNCT
ajeer-5797	295	15	we	we	PRON
ajeer-5797	295	16	compare	compare	VERB
ajeer-5797	295	17	the	the	DET
ajeer-5797	295	18	spillovers	spillover	NOUN
ajeer-5797	295	19	of	of	ADP
ajeer-5797	295	20	conventional	conventional	ADJ
ajeer-5797	295	21	and	and	CCONJ
ajeer-5797	295	22	unconventional	unconventional	ADJ
ajeer-5797	295	23	monetary	monetary	ADJ
ajeer-5797	295	24	policy	policy	NOUN
ajeer-5797	295	25	(	(	PUNCT
ajeer-5797	295	26	ump	ump	NOUN
ajeer-5797	295	27	)	)	PUNCT
ajeer-5797	295	28	to	to	PART
ajeer-5797	295	29	ascertain	ascertain	VERB
ajeer-5797	295	30	whether	whether	SCONJ
ajeer-5797	295	31	indonesia	indonesia	PROPN
ajeer-5797	295	32	’s	’s	PART
ajeer-5797	295	33	macroeconomic	macroeconomic	ADJ
ajeer-5797	295	34	and	and	CCONJ
ajeer-5797	295	35	financial	financial	ADJ
ajeer-5797	295	36	variables	variable	NOUN
ajeer-5797	295	37	respond	respond	VERB
ajeer-5797	295	38	differently	differently	ADV
ajeer-5797	295	39	over	over	ADP
ajeer-5797	295	40	the	the	DET
ajeer-5797	295	41	periods	period	NOUN
ajeer-5797	295	42	.	.	PUNCT
ajeer-5797	296	1	a	a	DET
ajeer-5797	296	2	handful	handful	NOUN
ajeer-5797	296	3	of	of	ADP
ajeer-5797	296	4	empirical	empirical	ADJ
ajeer-5797	296	5	studies	study	NOUN
ajeer-5797	296	6	(	(	PUNCT
ajeer-5797	296	7	e.g.	e.g.	ADV
ajeer-5797	296	8	,	,	PUNCT
ajeer-5797	296	9	(	(	PUNCT
ajeer-5797	296	10	hajek	hajek	NOUN
ajeer-5797	296	11	&	&	CCONJ
ajeer-5797	296	12	horvath	horvath	PROPN
ajeer-5797	296	13	,	,	PUNCT
ajeer-5797	296	14	2018	2018	NUM
ajeer-5797	296	15	;	;	PUNCT
ajeer-5797	296	16	kucharčuková	kucharčuková	PROPN
ajeer-5797	296	17	,	,	PUNCT
ajeer-5797	296	18	claeys	claey	NOUN
ajeer-5797	296	19	,	,	PUNCT
ajeer-5797	296	20	&	&	CCONJ
ajeer-5797	296	21	vašíček	vašíček	VERB
ajeer-5797	296	22	,	,	PUNCT
ajeer-5797	296	23	2016	2016	NUM
ajeer-5797	296	24	)	)	PUNCT
ajeer-5797	296	25	)	)	PUNCT
ajeer-5797	296	26	found	find	VERB
ajeer-5797	296	27	that	that	SCONJ
ajeer-5797	296	28	while	while	SCONJ
ajeer-5797	296	29	spillovers	spillover	NOUN
ajeer-5797	296	30	from	from	ADP
ajeer-5797	296	31	conventional	conventional	ADJ
ajeer-5797	296	32	monetary	monetary	ADJ
ajeer-5797	296	33	policy	policy	NOUN
ajeer-5797	296	34	have	have	VERB
ajeer-5797	296	35	a	a	DET
ajeer-5797	296	36	stronger	strong	ADJ
ajeer-5797	296	37	effect	effect	NOUN
ajeer-5797	296	38	on	on	ADP
ajeer-5797	296	39	macroeconomic	macroeconomic	ADJ
ajeer-5797	296	40	variables	variable	NOUN
ajeer-5797	296	41	,	,	PUNCT
ajeer-5797	296	42	the	the	DET
ajeer-5797	296	43	effect	effect	NOUN
ajeer-5797	296	44	of	of	ADP
ajeer-5797	296	45	ump	ump	NOUN
ajeer-5797	296	46	is	be	AUX
ajeer-5797	296	47	stronger	strong	ADJ
ajeer-5797	296	48	on	on	ADP
ajeer-5797	296	49	the	the	DET
ajeer-5797	296	50	exchange	exchange	NOUN
ajeer-5797	296	51	rate	rate	NOUN
ajeer-5797	296	52	but	but	CCONJ
ajeer-5797	296	53	muted	muted	ADJ
ajeer-5797	296	54	and	and	CCONJ
ajeer-5797	296	55	less	less	ADV
ajeer-5797	296	56	significant	significant	ADJ
ajeer-5797	296	57	on	on	ADP
ajeer-5797	296	58	macroeconomic	macroeconomic	ADJ
ajeer-5797	296	59	variables	variable	NOUN
ajeer-5797	296	60	.	.	PUNCT
ajeer-5797	297	1	for	for	ADP
ajeer-5797	297	2	this	this	DET
ajeer-5797	297	3	purpose	purpose	NOUN
ajeer-5797	297	4	,	,	PUNCT
ajeer-5797	297	5	we	we	PRON
ajeer-5797	297	6	split	split	VERB
ajeer-5797	297	7	the	the	DET
ajeer-5797	297	8	sample	sample	NOUN
ajeer-5797	297	9	period	period	NOUN
ajeer-5797	297	10	into	into	ADP
ajeer-5797	297	11	conventional	conventional	ADJ
ajeer-5797	297	12	and	and	CCONJ
ajeer-5797	297	13	ump	ump	NOUN
ajeer-5797	297	14	eras	era	NOUN
ajeer-5797	297	15	.	.	PUNCT
ajeer-5797	298	1	while	while	SCONJ
ajeer-5797	298	2	the	the	DET
ajeer-5797	298	3	period	period	NOUN
ajeer-5797	298	4	from	from	ADP
ajeer-5797	298	5	2000	2000	NUM
ajeer-5797	298	6	–	–	PUNCT
ajeer-5797	298	7	2007	2007	NUM
ajeer-5797	298	8	is	be	AUX
ajeer-5797	298	9	classified	classify	VERB
ajeer-5797	298	10	as	as	ADP
ajeer-5797	298	11	the	the	DET
ajeer-5797	298	12	conventional	conventional	ADJ
ajeer-5797	298	13	monetary	monetary	ADJ
ajeer-5797	298	14	policy	policy	NOUN
ajeer-5797	298	15	era	era	NOUN
ajeer-5797	298	16	,	,	PUNCT
ajeer-5797	298	17	the	the	DET
ajeer-5797	298	18	period	period	NOUN
ajeer-5797	298	19	from	from	ADP
ajeer-5797	298	20	2008	2008	NUM
ajeer-5797	298	21	–	–	PUNCT
ajeer-5797	298	22	2015	2015	NUM
ajeer-5797	298	23	is	be	AUX
ajeer-5797	298	24	classified	classify	VERB
ajeer-5797	298	25	as	as	ADP
ajeer-5797	298	26	ump	ump	NOUN
ajeer-5797	298	27	.	.	PUNCT
ajeer-5797	299	1	figure	figure	NOUN
ajeer-5797	299	2	8a	8a	NUM
ajeer-5797	299	3	and	and	CCONJ
ajeer-5797	299	4	8b	8b	NUM
ajeer-5797	299	5	present	present	ADJ
ajeer-5797	299	6	the	the	DET
ajeer-5797	299	7	constant	constant	ADJ
ajeer-5797	299	8	coefficient	coefficient	NOUN
ajeer-5797	299	9	and	and	CCONJ
ajeer-5797	299	10	time	time	NOUN
ajeer-5797	299	11	-	-	PUNCT
ajeer-5797	299	12	varying	vary	VERB
ajeer-5797	299	13	impulse	impulse	ADJ
ajeer-5797	299	14	responses	response	NOUN
ajeer-5797	299	15	of	of	ADP
ajeer-5797	299	16	indonesia	indonesia	PROPN
ajeer-5797	299	17	’s	’s	PART
ajeer-5797	299	18	macroeconomic	macroeconomic	ADJ
ajeer-5797	299	19	and	and	CCONJ
ajeer-5797	299	20	financial	financial	ADJ
ajeer-5797	299	21	variables	variable	NOUN
ajeer-5797	299	22	to	to	ADP
ajeer-5797	299	23	us	we	PRON
ajeer-5797	299	24	conventional	conventional	ADJ
ajeer-5797	299	25	and	and	CCONJ
ajeer-5797	299	26	ump	ump	NOUN
ajeer-5797	299	27	shocks	shock	NOUN
ajeer-5797	299	28	.	.	PUNCT
ajeer-5797	300	1	from	from	ADP
ajeer-5797	300	2	figure	figure	NOUN
ajeer-5797	300	3	8a	8a	NUM
ajeer-5797	300	4	shows	show	VERB
ajeer-5797	300	5	that	that	SCONJ
ajeer-5797	300	6	the	the	DET
ajeer-5797	300	7	endogenous	endogenous	ADJ
ajeer-5797	300	8	variables	variable	NOUN
ajeer-5797	300	9	'	'	PART
ajeer-5797	300	10	responses	response	NOUN
ajeer-5797	300	11	to	to	ADP
ajeer-5797	300	12	conventional	conventional	ADJ
ajeer-5797	300	13	and	and	CCONJ
ajeer-5797	300	14	ump	ump	NOUN
ajeer-5797	300	15	are	be	AUX
ajeer-5797	300	16	consistent	consistent	ADJ
ajeer-5797	300	17	with	with	ADP
ajeer-5797	300	18	the	the	DET
ajeer-5797	300	19	existing	exist	VERB
ajeer-5797	300	20	literature	literature	NOUN
ajeer-5797	300	21	.	.	PUNCT
ajeer-5797	301	1	first	first	ADV
ajeer-5797	301	2	,	,	PUNCT
ajeer-5797	301	3	compared	compare	VERB
ajeer-5797	301	4	to	to	ADP
ajeer-5797	301	5	conventional	conventional	ADJ
ajeer-5797	301	6	monetary	monetary	ADJ
ajeer-5797	301	7	policy	policy	NOUN
ajeer-5797	301	8	,	,	PUNCT
ajeer-5797	301	9	the	the	DET
ajeer-5797	301	10	exchange	exchange	NOUN
ajeer-5797	301	11	rate	rate	NOUN
ajeer-5797	301	12	response	response	NOUN
ajeer-5797	301	13	to	to	ADP
ajeer-5797	301	14	the	the	DET
ajeer-5797	301	15	ump	ump	NOUN
ajeer-5797	301	16	is	be	AUX
ajeer-5797	301	17	stronger	strong	ADJ
ajeer-5797	301	18	.	.	PUNCT
ajeer-5797	302	1	second	second	ADJ
ajeer-5797	302	2	,	,	PUNCT
ajeer-5797	302	3	conventional	conventional	ADJ
ajeer-5797	302	4	monetary	monetary	ADJ
ajeer-5797	302	5	policy	policy	NOUN
ajeer-5797	302	6	exerts	exert	VERB
ajeer-5797	302	7	stronger	strong	ADJ
ajeer-5797	302	8	effects	effect	NOUN
ajeer-5797	302	9	on	on	ADP
ajeer-5797	302	10	other	other	ADJ
ajeer-5797	302	11	macroeconomic	macroeconomic	ADJ
ajeer-5797	302	12	variables	variable	NOUN
ajeer-5797	302	13	compared	compare	VERB
ajeer-5797	302	14	to	to	ADP
ajeer-5797	302	15	ump	ump	NOUN
ajeer-5797	302	16	.	.	PUNCT
ajeer-5797	303	1	while	while	SCONJ
ajeer-5797	303	2	the	the	DET
ajeer-5797	303	3	impact	impact	NOUN
ajeer-5797	303	4	of	of	ADP
ajeer-5797	303	5	conventional	conventional	ADJ
ajeer-5797	303	6	monetary	monetary	ADJ
ajeer-5797	303	7	policy	policy	NOUN
ajeer-5797	303	8	shocks	shock	NOUN
ajeer-5797	303	9	on	on	ADP
ajeer-5797	303	10	real	real	ADJ
ajeer-5797	303	11	gdp	gdp	NOUN
ajeer-5797	303	12	is	be	AUX
ajeer-5797	303	13	positive	positive	ADJ
ajeer-5797	303	14	and	and	CCONJ
ajeer-5797	303	15	has	have	AUX
ajeer-5797	303	16	remained	remain	VERB
ajeer-5797	303	17	largely	largely	ADV
ajeer-5797	303	18	so	so	ADV
ajeer-5797	303	19	for	for	ADP
ajeer-5797	303	20	over	over	ADP
ajeer-5797	303	21	three	three	NUM
ajeer-5797	303	22	years	year	NOUN
ajeer-5797	303	23	,	,	PUNCT
ajeer-5797	303	24	the	the	DET
ajeer-5797	303	25	impact	impact	NOUN
ajeer-5797	303	26	of	of	ADP
ajeer-5797	303	27	ump	ump	NOUN
ajeer-5797	303	28	on	on	ADP
ajeer-5797	303	29	real	real	ADJ
ajeer-5797	303	30	gdp	gdp	NOUN
ajeer-5797	303	31	was	be	AUX
ajeer-5797	303	32	initially	initially	ADV
ajeer-5797	303	33	positive	positive	ADJ
ajeer-5797	303	34	and	and	CCONJ
ajeer-5797	303	35	turned	turn	VERB
ajeer-5797	303	36	negative	negative	ADJ
ajeer-5797	303	37	from	from	ADP
ajeer-5797	303	38	the	the	DET
ajeer-5797	303	39	4th	4th	ADJ
ajeer-5797	303	40	quarter	quarter	NOUN
ajeer-5797	303	41	through	through	ADP
ajeer-5797	303	42	the	the	DET
ajeer-5797	303	43	rest	rest	NOUN
ajeer-5797	303	44	of	of	ADP
ajeer-5797	303	45	the	the	DET
ajeer-5797	303	46	asian	asian	ADJ
ajeer-5797	303	47	journal	journal	NOUN
ajeer-5797	303	48	of	of	ADP
ajeer-5797	303	49	economics	economic	NOUN
ajeer-5797	303	50	and	and	CCONJ
ajeer-5797	303	51	empirical	empirical	ADJ
ajeer-5797	303	52	research	research	NOUN
ajeer-5797	303	53	,	,	PUNCT
ajeer-5797	303	54	2024	2024	NUM
ajeer-5797	303	55	,	,	PUNCT
ajeer-5797	303	56	11(1	11(1	NUM
ajeer-5797	303	57	):	):	PUNCT
ajeer-5797	303	58	30	30	NUM
ajeer-5797	303	59	-	-	SYM
ajeer-5797	303	60	43	43	NUM
ajeer-5797	303	61	40	40	NUM
ajeer-5797	303	62	©	©	ADP
ajeer-5797	303	63	2024	2024	NUM
ajeer-5797	303	64	by	by	ADP
ajeer-5797	303	65	the	the	DET
ajeer-5797	303	66	authors	author	NOUN
ajeer-5797	303	67	;	;	PUNCT
ajeer-5797	303	68	licensee	licensee	PROPN
ajeer-5797	303	69	asian	asian	ADJ
ajeer-5797	303	70	online	online	PROPN
ajeer-5797	303	71	journal	journal	PROPN
ajeer-5797	303	72	publishing	publishing	PROPN
ajeer-5797	303	73	group	group	PROPN
ajeer-5797	303	74	horizon	horizon	NOUN
ajeer-5797	303	75	.	.	PUNCT
ajeer-5797	304	1	the	the	DET
ajeer-5797	304	2	effect	effect	NOUN
ajeer-5797	304	3	of	of	ADP
ajeer-5797	304	4	conventional	conventional	ADJ
ajeer-5797	304	5	monetary	monetary	ADJ
ajeer-5797	304	6	policy	policy	NOUN
ajeer-5797	304	7	was	be	AUX
ajeer-5797	304	8	inflationary	inflationary	ADJ
ajeer-5797	304	9	in	in	ADP
ajeer-5797	304	10	indonesia	indonesia	PROPN
ajeer-5797	304	11	and	and	CCONJ
ajeer-5797	304	12	lasted	last	VERB
ajeer-5797	304	13	for	for	ADP
ajeer-5797	304	14	over	over	ADP
ajeer-5797	304	15	three	three	NUM
ajeer-5797	304	16	years	year	NOUN
ajeer-5797	304	17	before	before	SCONJ
ajeer-5797	304	18	it	it	PRON
ajeer-5797	304	19	died	die	VERB
ajeer-5797	304	20	out	out	ADP
ajeer-5797	304	21	.	.	PUNCT
ajeer-5797	305	1	on	on	ADP
ajeer-5797	305	2	the	the	DET
ajeer-5797	305	3	other	other	ADJ
ajeer-5797	305	4	hand	hand	NOUN
ajeer-5797	305	5	,	,	PUNCT
ajeer-5797	305	6	the	the	DET
ajeer-5797	305	7	effect	effect	NOUN
ajeer-5797	305	8	of	of	ADP
ajeer-5797	305	9	ump	ump	NOUN
ajeer-5797	305	10	on	on	ADP
ajeer-5797	305	11	inflation	inflation	NOUN
ajeer-5797	305	12	is	be	AUX
ajeer-5797	305	13	negative	negative	ADJ
ajeer-5797	305	14	,	,	PUNCT
ajeer-5797	305	15	but	but	CCONJ
ajeer-5797	305	16	it	it	PRON
ajeer-5797	305	17	turned	turn	VERB
ajeer-5797	305	18	positive	positive	ADJ
ajeer-5797	305	19	after	after	ADP
ajeer-5797	305	20	the	the	DET
ajeer-5797	305	21	2nd	2nd	ADJ
ajeer-5797	305	22	quarter	quarter	NOUN
ajeer-5797	305	23	and	and	CCONJ
ajeer-5797	305	24	continued	continue	VERB
ajeer-5797	305	25	to	to	PART
ajeer-5797	305	26	fluctuate	fluctuate	VERB
ajeer-5797	305	27	thereafter	thereafter	ADV
ajeer-5797	305	28	.	.	PUNCT
ajeer-5797	306	1	while	while	SCONJ
ajeer-5797	306	2	stock	stock	NOUN
ajeer-5797	306	3	market	market	NOUN
ajeer-5797	306	4	returns	return	NOUN
ajeer-5797	306	5	responded	respond	VERB
ajeer-5797	306	6	positively	positively	ADV
ajeer-5797	306	7	to	to	ADP
ajeer-5797	306	8	both	both	CCONJ
ajeer-5797	306	9	conventional	conventional	ADJ
ajeer-5797	306	10	and	and	CCONJ
ajeer-5797	306	11	ump	ump	NOUN
ajeer-5797	306	12	,	,	PUNCT
ajeer-5797	306	13	the	the	DET
ajeer-5797	306	14	effect	effect	NOUN
ajeer-5797	306	15	of	of	ADP
ajeer-5797	306	16	ump	ump	NOUN
ajeer-5797	306	17	was	be	AUX
ajeer-5797	306	18	stronger	strong	ADJ
ajeer-5797	306	19	and	and	CCONJ
ajeer-5797	306	20	lasted	last	VERB
ajeer-5797	306	21	for	for	ADP
ajeer-5797	306	22	over	over	ADP
ajeer-5797	306	23	six	six	NUM
ajeer-5797	306	24	quarters	quarter	NOUN
ajeer-5797	306	25	before	before	SCONJ
ajeer-5797	306	26	it	it	PRON
ajeer-5797	306	27	finally	finally	ADV
ajeer-5797	306	28	died	die	VERB
ajeer-5797	306	29	out	out	ADP
ajeer-5797	306	30	.	.	PUNCT
ajeer-5797	307	1	surprisingly	surprisingly	ADV
ajeer-5797	307	2	,	,	PUNCT
ajeer-5797	307	3	the	the	DET
ajeer-5797	307	4	policy	policy	NOUN
ajeer-5797	307	5	rate	rate	NOUN
ajeer-5797	307	6	responded	respond	VERB
ajeer-5797	307	7	positively	positively	ADV
ajeer-5797	307	8	to	to	ADP
ajeer-5797	307	9	conventional	conventional	ADJ
ajeer-5797	307	10	monetary	monetary	ADJ
ajeer-5797	307	11	policy	policy	NOUN
ajeer-5797	307	12	shocks	shock	NOUN
ajeer-5797	307	13	and	and	CCONJ
ajeer-5797	307	14	negatively	negatively	ADV
ajeer-5797	307	15	to	to	ADP
ajeer-5797	307	16	ump	ump	NOUN
ajeer-5797	307	17	shocks	shock	NOUN
ajeer-5797	307	18	.	.	PUNCT
ajeer-5797	308	1	however	however	ADV
ajeer-5797	308	2	,	,	PUNCT
ajeer-5797	308	3	the	the	DET
ajeer-5797	308	4	us	us	PROPN
ajeer-5797	308	5	monetary	monetary	ADJ
ajeer-5797	308	6	policy	policy	NOUN
ajeer-5797	308	7	spillovers	spillover	NOUN
ajeer-5797	308	8	over	over	ADP
ajeer-5797	308	9	the	the	DET
ajeer-5797	308	10	sample	sample	NOUN
ajeer-5797	308	11	period	period	NOUN
ajeer-5797	308	12	boost	boost	VERB
ajeer-5797	308	13	indonesia	indonesia	PROPN
ajeer-5797	308	14	's	's	PART
ajeer-5797	308	15	real	real	ADJ
ajeer-5797	308	16	gdp	gdp	NOUN
ajeer-5797	308	17	,	,	PUNCT
ajeer-5797	308	18	stock	stock	NOUN
ajeer-5797	308	19	market	market	NOUN
ajeer-5797	308	20	returns	return	NOUN
ajeer-5797	308	21	,	,	PUNCT
ajeer-5797	308	22	and	and	CCONJ
ajeer-5797	308	23	bilateral	bilateral	ADJ
ajeer-5797	308	24	exchange	exchange	NOUN
ajeer-5797	308	25	rate	rate	NOUN
ajeer-5797	308	26	vis	vis	X
ajeer-5797	308	27	-	-	PUNCT
ajeer-5797	308	28	à	à	X
ajeer-5797	308	29	-	-	PUNCT
ajeer-5797	308	30	vis	vis	X
ajeer-5797	308	31	the	the	DET
ajeer-5797	308	32	us	us	PROPN
ajeer-5797	308	33	dollar	dollar	NOUN
ajeer-5797	308	34	,	,	PUNCT
ajeer-5797	308	35	triggering	trigger	VERB
ajeer-5797	308	36	inflation	inflation	NOUN
ajeer-5797	308	37	beyond	beyond	ADP
ajeer-5797	308	38	what	what	PRON
ajeer-5797	308	39	the	the	DET
ajeer-5797	308	40	corresponding	corresponding	ADJ
ajeer-5797	308	41	policy	policy	NOUN
ajeer-5797	308	42	reaction	reaction	NOUN
ajeer-5797	308	43	could	could	AUX
ajeer-5797	308	44	counteract	counteract	VERB
ajeer-5797	308	45	.	.	PUNCT
ajeer-5797	309	1	according	accord	VERB
ajeer-5797	309	2	to	to	PART
ajeer-5797	309	3	figure	figure	VERB
ajeer-5797	309	4	8b	8b	NUM
ajeer-5797	309	5	,	,	PUNCT
ajeer-5797	309	6	while	while	SCONJ
ajeer-5797	309	7	the	the	DET
ajeer-5797	309	8	coefficients	coefficient	NOUN
ajeer-5797	309	9	of	of	ADP
ajeer-5797	309	10	most	most	ADJ
ajeer-5797	309	11	of	of	ADP
ajeer-5797	309	12	the	the	DET
ajeer-5797	309	13	variables	variable	NOUN
ajeer-5797	309	14	are	be	AUX
ajeer-5797	309	15	approximately	approximately	ADV
ajeer-5797	309	16	constant	constant	ADJ
ajeer-5797	309	17	,	,	PUNCT
ajeer-5797	309	18	there	there	PRON
ajeer-5797	309	19	are	be	VERB
ajeer-5797	309	20	elements	element	NOUN
ajeer-5797	309	21	of	of	ADP
ajeer-5797	309	22	time	time	NOUN
ajeer-5797	309	23	variation	variation	NOUN
ajeer-5797	309	24	in	in	ADP
ajeer-5797	309	25	the	the	DET
ajeer-5797	309	26	response	response	NOUN
ajeer-5797	309	27	of	of	ADP
ajeer-5797	309	28	exchange	exchange	NOUN
ajeer-5797	309	29	rates	rate	NOUN
ajeer-5797	309	30	and	and	CCONJ
ajeer-5797	309	31	stock	stock	NOUN
ajeer-5797	309	32	returns	return	NOUN
ajeer-5797	309	33	to	to	ADP
ajeer-5797	309	34	conventional	conventional	ADJ
ajeer-5797	309	35	monetary	monetary	ADJ
ajeer-5797	309	36	policy	policy	NOUN
ajeer-5797	309	37	shocks	shock	NOUN
ajeer-5797	309	38	.	.	PUNCT
ajeer-5797	310	1	stock	stock	NOUN
ajeer-5797	310	2	returns	return	NOUN
ajeer-5797	310	3	and	and	CCONJ
ajeer-5797	310	4	policy	policy	NOUN
ajeer-5797	310	5	rates	rate	NOUN
ajeer-5797	310	6	respond	respond	VERB
ajeer-5797	310	7	to	to	ADP
ajeer-5797	310	8	the	the	DET
ajeer-5797	310	9	ump	ump	NOUN
ajeer-5797	310	10	policy	policy	NOUN
ajeer-5797	310	11	,	,	PUNCT
ajeer-5797	310	12	as	as	ADV
ajeer-5797	310	13	well	well	ADV
ajeer-5797	310	14	as	as	ADP
ajeer-5797	310	15	some	some	DET
ajeer-5797	310	16	time	time	NOUN
ajeer-5797	310	17	variation	variation	NOUN
ajeer-5797	310	18	.	.	PUNCT
ajeer-5797	311	1	figure	figure	NOUN
ajeer-5797	311	2	8a	8a	NUM
ajeer-5797	311	3	.	.	PUNCT
ajeer-5797	312	1	irfs	irfs	PROPN
ajeer-5797	312	2	of	of	ADP
ajeer-5797	312	3	spillovers	spillover	NOUN
ajeer-5797	312	4	from	from	ADP
ajeer-5797	312	5	us	we	PRON
ajeer-5797	312	6	conventional	conventional	ADJ
ajeer-5797	312	7	vs	vs	ADP
ajeer-5797	312	8	unconventional	unconventional	ADJ
ajeer-5797	312	9	monetary	monetary	ADJ
ajeer-5797	312	10	policy	policy	NOUN
ajeer-5797	312	11	to	to	ADP
ajeer-5797	312	12	indonesia	indonesia	PROPN
ajeer-5797	312	13	.	.	PUNCT
ajeer-5797	313	1	asian	asian	PROPN
ajeer-5797	313	2	journal	journal	PROPN
ajeer-5797	313	3	of	of	ADP
ajeer-5797	313	4	economics	economic	NOUN
ajeer-5797	313	5	and	and	CCONJ
ajeer-5797	313	6	empirical	empirical	ADJ
ajeer-5797	313	7	research	research	NOUN
ajeer-5797	313	8	,	,	PUNCT
ajeer-5797	313	9	2024	2024	NUM
ajeer-5797	313	10	,	,	PUNCT
ajeer-5797	313	11	11(1	11(1	NUM
ajeer-5797	313	12	):	):	PUNCT
ajeer-5797	313	13	30	30	NUM
ajeer-5797	313	14	-	-	SYM
ajeer-5797	313	15	43	43	NUM
ajeer-5797	313	16	41	41	NUM
ajeer-5797	313	17	©	©	ADP
ajeer-5797	313	18	2024	2024	NUM
ajeer-5797	313	19	by	by	ADP
ajeer-5797	313	20	the	the	DET
ajeer-5797	313	21	authors	author	NOUN
ajeer-5797	313	22	;	;	PUNCT
ajeer-5797	313	23	licensee	licensee	PROPN
ajeer-5797	313	24	asian	asian	ADJ
ajeer-5797	313	25	online	online	PROPN
ajeer-5797	313	26	journal	journal	PROPN
ajeer-5797	313	27	publishing	publishing	PROPN
ajeer-5797	313	28	group	group	PROPN
ajeer-5797	313	29	figure	figure	NOUN
ajeer-5797	313	30	8b	8b	NUM
ajeer-5797	313	31	.	.	PUNCT
ajeer-5797	314	1	time	time	NOUN
ajeer-5797	314	2	-	-	PUNCT
ajeer-5797	314	3	varying	vary	VERB
ajeer-5797	314	4	irfs	irf	NOUN
ajeer-5797	314	5	of	of	ADP
ajeer-5797	314	6	spillovers	spillover	NOUN
ajeer-5797	314	7	from	from	ADP
ajeer-5797	314	8	us	we	PRON
ajeer-5797	314	9	conventional	conventional	ADJ
ajeer-5797	314	10	vs	vs	ADP
ajeer-5797	314	11	unconventional	unconventional	ADJ
ajeer-5797	314	12	monetary	monetary	ADJ
ajeer-5797	314	13	policy	policy	NOUN
ajeer-5797	314	14	to	to	ADP
ajeer-5797	314	15	indonesia	indonesia	PROPN
ajeer-5797	314	16	.	.	PUNCT
ajeer-5797	315	1	5	5	X
ajeer-5797	315	2	.	.	X
ajeer-5797	315	3	robustness	robustness	NOUN
ajeer-5797	315	4	of	of	ADP
ajeer-5797	315	5	the	the	DET
ajeer-5797	315	6	results	result	NOUN
ajeer-5797	315	7	in	in	ADP
ajeer-5797	315	8	this	this	DET
ajeer-5797	315	9	section	section	NOUN
ajeer-5797	315	10	,	,	PUNCT
ajeer-5797	315	11	we	we	PRON
ajeer-5797	315	12	identify	identify	VERB
ajeer-5797	315	13	us	we	PRON
ajeer-5797	315	14	monetary	monetary	ADJ
ajeer-5797	315	15	policy	policy	NOUN
ajeer-5797	315	16	shocks	shock	NOUN
ajeer-5797	315	17	using	use	VERB
ajeer-5797	315	18	the	the	DET
ajeer-5797	315	19	effective	effective	ADJ
ajeer-5797	315	20	federal	federal	ADJ
ajeer-5797	315	21	funds	fund	NOUN
ajeer-5797	315	22	rate	rate	NOUN
ajeer-5797	315	23	(	(	PUNCT
ajeer-5797	315	24	effr	effr	PROPN
ajeer-5797	315	25	)	)	PUNCT
ajeer-5797	315	26	as	as	SCONJ
ajeer-5797	315	27	opposed	oppose	VERB
ajeer-5797	315	28	to	to	ADP
ajeer-5797	315	29	using	use	VERB
ajeer-5797	315	30	the	the	DET
ajeer-5797	315	31	shadow	shadow	NOUN
ajeer-5797	315	32	rate	rate	NOUN
ajeer-5797	315	33	.	.	PUNCT
ajeer-5797	316	1	we	we	PRON
ajeer-5797	316	2	then	then	ADV
ajeer-5797	316	3	contrast	contrast	VERB
ajeer-5797	316	4	the	the	DET
ajeer-5797	316	5	time	time	NOUN
ajeer-5797	316	6	-	-	PUNCT
ajeer-5797	316	7	varying	vary	VERB
ajeer-5797	316	8	impulse	impulse	ADJ
ajeer-5797	316	9	responses	response	NOUN
ajeer-5797	316	10	obtained	obtain	VERB
ajeer-5797	316	11	using	use	VERB
ajeer-5797	316	12	effr	effr	PROPN
ajeer-5797	316	13	(	(	PUNCT
ajeer-5797	316	14	figure	figure	NOUN
ajeer-5797	316	15	9	9	NUM
ajeer-5797	316	16	)	)	PUNCT
ajeer-5797	316	17	to	to	ADP
ajeer-5797	316	18	the	the	DET
ajeer-5797	316	19	ones	one	NOUN
ajeer-5797	316	20	identified	identify	VERB
ajeer-5797	316	21	using	use	VERB
ajeer-5797	316	22	the	the	DET
ajeer-5797	316	23	us	us	PROPN
ajeer-5797	316	24	shadow	shadow	NOUN
ajeer-5797	316	25	rate	rate	NOUN
ajeer-5797	316	26	(	(	PUNCT
ajeer-5797	316	27	figure	figure	NOUN
ajeer-5797	316	28	8b	8b	NUM
ajeer-5797	316	29	)	)	PUNCT
ajeer-5797	316	30	.	.	PUNCT
ajeer-5797	317	1	the	the	DET
ajeer-5797	317	2	goal	goal	NOUN
ajeer-5797	317	3	is	be	AUX
ajeer-5797	317	4	to	to	PART
ajeer-5797	317	5	determine	determine	VERB
ajeer-5797	317	6	whether	whether	SCONJ
ajeer-5797	317	7	the	the	DET
ajeer-5797	317	8	shadow	shadow	NOUN
ajeer-5797	317	9	rate	rate	NOUN
ajeer-5797	317	10	is	be	AUX
ajeer-5797	317	11	effective	effective	ADJ
ajeer-5797	317	12	in	in	ADP
ajeer-5797	317	13	identifying	identify	VERB
ajeer-5797	317	14	us	we	PRON
ajeer-5797	317	15	monetary	monetary	ADJ
ajeer-5797	317	16	policy	policy	NOUN
ajeer-5797	317	17	shocks	shock	NOUN
ajeer-5797	317	18	.	.	PUNCT
ajeer-5797	318	1	since	since	SCONJ
ajeer-5797	318	2	the	the	DET
ajeer-5797	318	3	shadow	shadow	NOUN
ajeer-5797	318	4	rate	rate	NOUN
ajeer-5797	318	5	went	go	VERB
ajeer-5797	318	6	beyond	beyond	ADP
ajeer-5797	318	7	zero	zero	NUM
ajeer-5797	318	8	and	and	CCONJ
ajeer-5797	318	9	became	become	VERB
ajeer-5797	318	10	negative	negative	ADJ
ajeer-5797	318	11	from	from	ADP
ajeer-5797	318	12	2008	2008	NUM
ajeer-5797	318	13	to	to	ADP
ajeer-5797	318	14	2015	2015	NUM
ajeer-5797	318	15	compared	compare	VERB
ajeer-5797	318	16	to	to	ADP
ajeer-5797	318	17	effr	effr	PROPN
ajeer-5797	318	18	(	(	PUNCT
ajeer-5797	318	19	figure	figure	NOUN
ajeer-5797	318	20	4	4	NUM
ajeer-5797	318	21	)	)	PUNCT
ajeer-5797	318	22	,	,	PUNCT
ajeer-5797	318	23	we	we	PRON
ajeer-5797	318	24	expect	expect	VERB
ajeer-5797	318	25	some	some	DET
ajeer-5797	318	26	differences	difference	NOUN
ajeer-5797	318	27	,	,	PUNCT
ajeer-5797	318	28	at	at	ADP
ajeer-5797	318	29	least	least	ADJ
ajeer-5797	318	30	within	within	ADP
ajeer-5797	318	31	that	that	DET
ajeer-5797	318	32	period	period	NOUN
ajeer-5797	318	33	.	.	PUNCT
ajeer-5797	319	1	therefore	therefore	ADV
ajeer-5797	319	2	,	,	PUNCT
ajeer-5797	319	3	we	we	PRON
ajeer-5797	319	4	incorporate	incorporate	VERB
ajeer-5797	319	5	effr	effr	PRON
ajeer-5797	319	6	instead	instead	ADV
ajeer-5797	319	7	of	of	ADP
ajeer-5797	319	8	shadow	shadow	NOUN
ajeer-5797	319	9	rate	rate	NOUN
ajeer-5797	319	10	in	in	ADP
ajeer-5797	319	11	this	this	DET
ajeer-5797	319	12	segment	segment	NOUN
ajeer-5797	319	13	in	in	ADP
ajeer-5797	319	14	the	the	DET
ajeer-5797	319	15	us	us	PROPN
ajeer-5797	319	16	svar	svar	PROPN
ajeer-5797	319	17	model	model	PROPN
ajeer-5797	319	18	.	.	PUNCT
ajeer-5797	320	1	we	we	PRON
ajeer-5797	320	2	then	then	ADV
ajeer-5797	320	3	treat	treat	VERB
ajeer-5797	320	4	the	the	DET
ajeer-5797	320	5	residuals	residual	NOUN
ajeer-5797	320	6	as	as	ADP
ajeer-5797	320	7	unanticipated	unanticipated	ADJ
ajeer-5797	320	8	shocks	shock	NOUN
ajeer-5797	320	9	in	in	ADP
ajeer-5797	320	10	us	us	PROPN
ajeer-5797	320	11	policy	policy	NOUN
ajeer-5797	320	12	rates	rate	NOUN
ajeer-5797	320	13	and	and	CCONJ
ajeer-5797	320	14	use	use	VERB
ajeer-5797	320	15	them	they	PRON
ajeer-5797	320	16	in	in	ADP
ajeer-5797	320	17	the	the	DET
ajeer-5797	320	18	indonesia	indonesia	PROPN
ajeer-5797	320	19	tvp	tvp	PROPN
ajeer-5797	320	20	-	-	PUNCT
ajeer-5797	320	21	var	var	NOUN
ajeer-5797	320	22	model	model	NOUN
ajeer-5797	320	23	by	by	ADP
ajeer-5797	320	24	following	follow	VERB
ajeer-5797	320	25	the	the	DET
ajeer-5797	320	26	same	same	ADJ
ajeer-5797	320	27	procedure	procedure	NOUN
ajeer-5797	320	28	.	.	PUNCT
ajeer-5797	321	1	asian	asian	ADJ
ajeer-5797	321	2	journal	journal	PROPN
ajeer-5797	321	3	of	of	ADP
ajeer-5797	321	4	economics	economic	NOUN
ajeer-5797	321	5	and	and	CCONJ
ajeer-5797	321	6	empirical	empirical	ADJ
ajeer-5797	321	7	research	research	NOUN
ajeer-5797	321	8	,	,	PUNCT
ajeer-5797	321	9	2024	2024	NUM
ajeer-5797	321	10	,	,	PUNCT
ajeer-5797	321	11	11(1	11(1	NUM
ajeer-5797	321	12	):	):	PUNCT
ajeer-5797	321	13	30	30	NUM
ajeer-5797	321	14	-	-	SYM
ajeer-5797	321	15	43	43	NUM
ajeer-5797	321	16	42	42	NUM
ajeer-5797	321	17	©	©	ADP
ajeer-5797	321	18	2024	2024	NUM
ajeer-5797	321	19	by	by	ADP
ajeer-5797	321	20	the	the	DET
ajeer-5797	321	21	authors	author	NOUN
ajeer-5797	321	22	;	;	PUNCT
ajeer-5797	321	23	licensee	licensee	PROPN
ajeer-5797	321	24	asian	asian	ADJ
ajeer-5797	321	25	online	online	PROPN
ajeer-5797	321	26	journal	journal	PROPN
ajeer-5797	321	27	publishing	publishing	NOUN
ajeer-5797	321	28	group	group	NOUN
ajeer-5797	321	29	figure	figure	NOUN
ajeer-5797	321	30	9	9	NUM
ajeer-5797	321	31	.	.	PUNCT
ajeer-5797	321	32	time	time	NOUN
ajeer-5797	321	33	-	-	PUNCT
ajeer-5797	321	34	varying	vary	VERB
ajeer-5797	321	35	irfs	irf	NOUN
ajeer-5797	321	36	of	of	ADP
ajeer-5797	321	37	spillovers	spillover	NOUN
ajeer-5797	321	38	from	from	ADP
ajeer-5797	321	39	us	we	PRON
ajeer-5797	321	40	conventional	conventional	ADJ
ajeer-5797	321	41	vs	vs	ADP
ajeer-5797	321	42	unconventional	unconventional	ADJ
ajeer-5797	321	43	monetary	monetary	ADJ
ajeer-5797	321	44	policy	policy	NOUN
ajeer-5797	321	45	to	to	ADP
ajeer-5797	321	46	indonesia	indonesia	PROPN
ajeer-5797	321	47	.	.	PUNCT
ajeer-5797	322	1	the	the	DET
ajeer-5797	322	2	baseline	baseline	NOUN
ajeer-5797	322	3	model	model	NOUN
ajeer-5797	322	4	for	for	ADP
ajeer-5797	322	5	both	both	CCONJ
ajeer-5797	322	6	the	the	DET
ajeer-5797	322	7	us	us	PROPN
ajeer-5797	322	8	svar	svar	PROPN
ajeer-5797	322	9	and	and	CCONJ
ajeer-5797	322	10	indonesia	indonesia	PROPN
ajeer-5797	322	11	svar	svar	PROPN
ajeer-5797	322	12	models	model	NOUN
ajeer-5797	322	13	is	be	AUX
ajeer-5797	322	14	the	the	DET
ajeer-5797	322	15	same	same	ADJ
ajeer-5797	322	16	as	as	ADP
ajeer-5797	322	17	in	in	ADP
ajeer-5797	322	18	the	the	DET
ajeer-5797	322	19	later	later	ADJ
ajeer-5797	322	20	model	model	NOUN
ajeer-5797	322	21	.	.	PUNCT
ajeer-5797	323	1	the	the	DET
ajeer-5797	323	2	estimates	estimate	NOUN
ajeer-5797	323	3	from	from	ADP
ajeer-5797	323	4	this	this	DET
ajeer-5797	323	5	model	model	NOUN
ajeer-5797	323	6	are	be	AUX
ajeer-5797	323	7	presented	present	VERB
ajeer-5797	323	8	in	in	ADP
ajeer-5797	323	9	figure	figure	NOUN
ajeer-5797	323	10	9	9	NUM
ajeer-5797	323	11	.	.	PUNCT
ajeer-5797	324	1	while	while	SCONJ
ajeer-5797	324	2	the	the	DET
ajeer-5797	324	3	responses	response	NOUN
ajeer-5797	324	4	from	from	ADP
ajeer-5797	324	5	this	this	DET
ajeer-5797	324	6	approach	approach	NOUN
ajeer-5797	324	7	for	for	ADP
ajeer-5797	324	8	the	the	DET
ajeer-5797	324	9	full	full	ADJ
ajeer-5797	324	10	sample	sample	NOUN
ajeer-5797	324	11	and	and	CCONJ
ajeer-5797	324	12	unconventional	unconventional	ADJ
ajeer-5797	324	13	sub	sub	NOUN
ajeer-5797	324	14	-	-	NOUN
ajeer-5797	324	15	sample	sample	NOUN
ajeer-5797	324	16	substantially	substantially	ADV
ajeer-5797	324	17	differ	differ	VERB
ajeer-5797	324	18	from	from	ADP
ajeer-5797	324	19	our	our	PRON
ajeer-5797	324	20	earlier	early	ADJ
ajeer-5797	324	21	results	result	NOUN
ajeer-5797	324	22	,	,	PUNCT
ajeer-5797	324	23	the	the	DET
ajeer-5797	324	24	result	result	NOUN
ajeer-5797	324	25	of	of	ADP
ajeer-5797	324	26	the	the	DET
ajeer-5797	324	27	conventional	conventional	ADJ
ajeer-5797	324	28	sub	sub	NOUN
ajeer-5797	324	29	-	-	NOUN
ajeer-5797	324	30	sample	sample	NOUN
ajeer-5797	324	31	,	,	PUNCT
ajeer-5797	324	32	except	except	SCONJ
ajeer-5797	324	33	for	for	ADP
ajeer-5797	324	34	the	the	DET
ajeer-5797	324	35	exchange	exchange	NOUN
ajeer-5797	324	36	rate	rate	NOUN
ajeer-5797	324	37	,	,	PUNCT
ajeer-5797	324	38	is	be	AUX
ajeer-5797	324	39	quite	quite	ADV
ajeer-5797	324	40	similar	similar	ADJ
ajeer-5797	324	41	.	.	PUNCT
ajeer-5797	325	1	from	from	ADP
ajeer-5797	325	2	the	the	DET
ajeer-5797	325	3	full	full	ADJ
ajeer-5797	325	4	sample	sample	NOUN
ajeer-5797	325	5	irfs	irf	NOUN
ajeer-5797	325	6	,	,	PUNCT
ajeer-5797	325	7	the	the	DET
ajeer-5797	325	8	period	period	NOUN
ajeer-5797	325	9	between	between	ADP
ajeer-5797	325	10	2001	2001	NUM
ajeer-5797	325	11	to	to	ADP
ajeer-5797	325	12	2008	2008	NUM
ajeer-5797	325	13	is	be	AUX
ajeer-5797	325	14	quite	quite	ADV
ajeer-5797	325	15	similar	similar	ADJ
ajeer-5797	325	16	in	in	ADP
ajeer-5797	325	17	the	the	DET
ajeer-5797	325	18	two	two	NUM
ajeer-5797	325	19	scenarios	scenario	NOUN
ajeer-5797	325	20	.	.	PUNCT
ajeer-5797	326	1	this	this	PRON
ajeer-5797	326	2	reflects	reflect	VERB
ajeer-5797	326	3	the	the	DET
ajeer-5797	326	4	period	period	NOUN
ajeer-5797	326	5	where	where	SCONJ
ajeer-5797	326	6	the	the	DET
ajeer-5797	326	7	shadow	shadow	NOUN
ajeer-5797	326	8	rate	rate	NOUN
ajeer-5797	326	9	significantly	significantly	ADV
ajeer-5797	326	10	mimics	mimic	VERB
ajeer-5797	326	11	the	the	DET
ajeer-5797	326	12	effr	effr	NOUN
ajeer-5797	326	13	(	(	PUNCT
ajeer-5797	326	14	figure	figure	NOUN
ajeer-5797	326	15	4	4	NUM
ajeer-5797	326	16	)	)	PUNCT
ajeer-5797	326	17	.	.	PUNCT
ajeer-5797	327	1	the	the	DET
ajeer-5797	327	2	observed	observe	VERB
ajeer-5797	327	3	difference	difference	NOUN
ajeer-5797	327	4	during	during	ADP
ajeer-5797	327	5	the	the	DET
ajeer-5797	327	6	unconventional	unconventional	ADJ
ajeer-5797	327	7	period	period	NOUN
ajeer-5797	327	8	in	in	ADP
ajeer-5797	327	9	the	the	DET
ajeer-5797	327	10	two	two	NUM
ajeer-5797	327	11	scenarios	scenario	NOUN
ajeer-5797	327	12	highlights	highlight	VERB
ajeer-5797	327	13	the	the	DET
ajeer-5797	327	14	importance	importance	NOUN
ajeer-5797	327	15	of	of	ADP
ajeer-5797	327	16	using	use	VERB
ajeer-5797	327	17	the	the	DET
ajeer-5797	327	18	shadow	shadow	NOUN
ajeer-5797	327	19	rate	rate	NOUN
ajeer-5797	327	20	to	to	PART
ajeer-5797	327	21	identify	identify	VERB
ajeer-5797	327	22	us	we	PRON
ajeer-5797	327	23	monetary	monetary	ADJ
ajeer-5797	327	24	policy	policy	NOUN
ajeer-5797	327	25	shocks	shock	NOUN
ajeer-5797	327	26	.	.	PUNCT
ajeer-5797	328	1	the	the	DET
ajeer-5797	328	2	difference	difference	NOUN
ajeer-5797	328	3	is	be	AUX
ajeer-5797	328	4	substantially	substantially	ADV
ajeer-5797	328	5	explained	explain	VERB
ajeer-5797	328	6	by	by	ADP
ajeer-5797	328	7	the	the	DET
ajeer-5797	328	8	unconventional	unconventional	ADJ
ajeer-5797	328	9	monetary	monetary	ADJ
ajeer-5797	328	10	policy	policy	NOUN
ajeer-5797	328	11	(	(	PUNCT
ajeer-5797	328	12	ump	ump	NOUN
ajeer-5797	328	13	)	)	PUNCT
ajeer-5797	328	14	implemented	implement	VERB
ajeer-5797	328	15	in	in	ADP
ajeer-5797	328	16	the	the	DET
ajeer-5797	328	17	wake	wake	NOUN
ajeer-5797	328	18	of	of	ADP
ajeer-5797	328	19	the	the	DET
ajeer-5797	328	20	gfc	gfc	NOUN
ajeer-5797	328	21	.	.	PUNCT
ajeer-5797	329	1	this	this	PRON
ajeer-5797	329	2	is	be	AUX
ajeer-5797	329	3	the	the	DET
ajeer-5797	329	4	point	point	NOUN
ajeer-5797	329	5	where	where	SCONJ
ajeer-5797	329	6	the	the	DET
ajeer-5797	329	7	shadow	shadow	NOUN
ajeer-5797	329	8	rate	rate	NOUN
ajeer-5797	329	9	falls	fall	VERB
ajeer-5797	329	10	below	below	ADP
ajeer-5797	329	11	zero	zero	NUM
ajeer-5797	329	12	to	to	PART
ajeer-5797	329	13	reflect	reflect	VERB
ajeer-5797	329	14	the	the	DET
ajeer-5797	329	15	effect	effect	NOUN
ajeer-5797	329	16	of	of	ADP
ajeer-5797	329	17	the	the	DET
ajeer-5797	329	18	ump	ump	NOUN
ajeer-5797	329	19	.	.	PUNCT
ajeer-5797	330	1	therefore	therefore	ADV
ajeer-5797	330	2	,	,	PUNCT
ajeer-5797	330	3	disaggregating	disaggregate	VERB
ajeer-5797	330	4	the	the	DET
ajeer-5797	330	5	irfs	irf	NOUN
ajeer-5797	330	6	into	into	ADP
ajeer-5797	330	7	conventional	conventional	ADJ
ajeer-5797	330	8	and	and	CCONJ
ajeer-5797	330	9	unconventional	unconventional	ADJ
ajeer-5797	330	10	era	era	NOUN
ajeer-5797	330	11	shows	show	VERB
ajeer-5797	330	12	that	that	SCONJ
ajeer-5797	330	13	the	the	DET
ajeer-5797	330	14	full	full	ADJ
ajeer-5797	330	15	sample	sample	NOUN
ajeer-5797	330	16	analysis	analysis	NOUN
ajeer-5797	330	17	using	use	VERB
ajeer-5797	330	18	shadow	shadow	NOUN
ajeer-5797	330	19	rate	rate	NOUN
ajeer-5797	330	20	and	and	CCONJ
ajeer-5797	330	21	time	time	NOUN
ajeer-5797	330	22	-	-	PUNCT
ajeer-5797	330	23	varying	vary	VERB
ajeer-5797	330	24	var	var	NOUN
ajeer-5797	330	25	model	model	NOUN
ajeer-5797	330	26	is	be	AUX
ajeer-5797	330	27	apt	apt	ADJ
ajeer-5797	330	28	and	and	CCONJ
ajeer-5797	330	29	fit	fit	VERB
ajeer-5797	330	30	the	the	DET
ajeer-5797	330	31	data	datum	NOUN
ajeer-5797	330	32	substantially	substantially	ADV
ajeer-5797	330	33	.	.	PUNCT
ajeer-5797	331	1	6	6	X
ajeer-5797	331	2	.	.	X
ajeer-5797	331	3	conclusion	conclusion	NOUN
ajeer-5797	331	4	this	this	DET
ajeer-5797	331	5	study	study	NOUN
ajeer-5797	331	6	examines	examine	VERB
ajeer-5797	331	7	the	the	DET
ajeer-5797	331	8	propagation	propagation	NOUN
ajeer-5797	331	9	of	of	ADP
ajeer-5797	331	10	us	we	PRON
ajeer-5797	331	11	monetary	monetary	ADJ
ajeer-5797	331	12	policy	policy	NOUN
ajeer-5797	331	13	spillover	spillover	VERB
ajeer-5797	331	14	to	to	ADP
ajeer-5797	331	15	the	the	DET
ajeer-5797	331	16	indonesian	indonesian	ADJ
ajeer-5797	331	17	economy	economy	NOUN
ajeer-5797	331	18	over	over	ADP
ajeer-5797	331	19	the	the	DET
ajeer-5797	331	20	period	period	NOUN
ajeer-5797	331	21	2000–2020	2000–2020	NUM
ajeer-5797	331	22	.	.	PUNCT
ajeer-5797	332	1	our	our	PRON
ajeer-5797	332	2	study	study	NOUN
ajeer-5797	332	3	primarily	primarily	ADV
ajeer-5797	332	4	focuses	focus	VERB
ajeer-5797	332	5	on	on	ADP
ajeer-5797	332	6	the	the	DET
ajeer-5797	332	7	transmission	transmission	NOUN
ajeer-5797	332	8	of	of	ADP
ajeer-5797	332	9	us	we	PRON
ajeer-5797	332	10	monetary	monetary	ADJ
ajeer-5797	332	11	policy	policy	NOUN
ajeer-5797	332	12	spillover	spillover	VERB
ajeer-5797	332	13	effects	effect	NOUN
ajeer-5797	332	14	on	on	ADP
ajeer-5797	332	15	indonesia	indonesia	PROPN
ajeer-5797	332	16	’s	’s	PART
ajeer-5797	332	17	real	real	PROPN
ajeer-5797	332	18	gdp	gdp	NOUN
ajeer-5797	332	19	,	,	PUNCT
ajeer-5797	332	20	inflation	inflation	NOUN
ajeer-5797	332	21	,	,	PUNCT
ajeer-5797	332	22	exchange	exchange	NOUN
ajeer-5797	332	23	rate	rate	NOUN
ajeer-5797	332	24	,	,	PUNCT
ajeer-5797	332	25	stock	stock	NOUN
ajeer-5797	332	26	market	market	NOUN
ajeer-5797	332	27	returns	return	NOUN
ajeer-5797	332	28	,	,	PUNCT
ajeer-5797	332	29	and	and	CCONJ
ajeer-5797	332	30	policy	policy	NOUN
ajeer-5797	332	31	rate	rate	NOUN
ajeer-5797	332	32	.	.	PUNCT
ajeer-5797	333	1	we	we	PRON
ajeer-5797	333	2	conducted	conduct	VERB
ajeer-5797	333	3	the	the	DET
ajeer-5797	333	4	data	datum	NOUN
ajeer-5797	333	5	analysis	analysis	NOUN
ajeer-5797	333	6	in	in	ADP
ajeer-5797	333	7	two	two	NUM
ajeer-5797	333	8	stages	stage	NOUN
ajeer-5797	333	9	:	:	PUNCT
ajeer-5797	333	10	first	first	ADV
ajeer-5797	333	11	,	,	PUNCT
ajeer-5797	333	12	we	we	PRON
ajeer-5797	333	13	identified	identify	VERB
ajeer-5797	333	14	the	the	DET
ajeer-5797	333	15	unanticipated	unanticipated	ADJ
ajeer-5797	333	16	shocks	shock	NOUN
ajeer-5797	333	17	in	in	ADP
ajeer-5797	333	18	a	a	DET
ajeer-5797	333	19	us	us	PROPN
ajeer-5797	333	20	svar	svar	PROPN
ajeer-5797	333	21	model	model	PROPN
ajeer-5797	333	22	using	use	VERB
ajeer-5797	333	23	the	the	DET
ajeer-5797	333	24	cholesky	cholesky	ADJ
ajeer-5797	333	25	decomposition	decomposition	NOUN
ajeer-5797	333	26	identification	identification	NOUN
ajeer-5797	333	27	scheme	scheme	NOUN
ajeer-5797	333	28	to	to	PART
ajeer-5797	333	29	find	find	VERB
ajeer-5797	333	30	the	the	DET
ajeer-5797	333	31	residuals	residual	NOUN
ajeer-5797	333	32	from	from	ADP
ajeer-5797	333	33	this	this	DET
ajeer-5797	333	34	model	model	NOUN
ajeer-5797	333	35	.	.	PUNCT
ajeer-5797	334	1	secondly	secondly	ADV
ajeer-5797	334	2	,	,	PUNCT
ajeer-5797	334	3	we	we	PRON
ajeer-5797	334	4	then	then	ADV
ajeer-5797	334	5	incorporate	incorporate	VERB
ajeer-5797	334	6	these	these	DET
ajeer-5797	334	7	shocks	shock	NOUN
ajeer-5797	334	8	into	into	ADP
ajeer-5797	334	9	our	our	PRON
ajeer-5797	334	10	indonesian	indonesian	ADJ
ajeer-5797	334	11	tvp	tvp	PROPN
ajeer-5797	334	12	-	-	PUNCT
ajeer-5797	334	13	var	var	NOUN
ajeer-5797	334	14	-	-	PUNCT
ajeer-5797	334	15	x	x	NOUN
ajeer-5797	334	16	model	model	NOUN
ajeer-5797	334	17	to	to	PART
ajeer-5797	334	18	capture	capture	VERB
ajeer-5797	334	19	the	the	DET
ajeer-5797	334	20	spillover	spillover	NOUN
ajeer-5797	334	21	effects	effect	NOUN
ajeer-5797	334	22	of	of	ADP
ajeer-5797	334	23	the	the	DET
ajeer-5797	334	24	us	us	PROPN
ajeer-5797	334	25	monetary	monetary	ADJ
ajeer-5797	334	26	policy	policy	NOUN
ajeer-5797	334	27	stance	stance	NOUN
ajeer-5797	334	28	on	on	ADP
ajeer-5797	334	29	the	the	DET
ajeer-5797	334	30	indonesian	indonesian	ADJ
ajeer-5797	334	31	economy	economy	NOUN
ajeer-5797	334	32	using	use	VERB
ajeer-5797	334	33	the	the	DET
ajeer-5797	334	34	irfs	irf	NOUN
ajeer-5797	334	35	obtained	obtain	VERB
ajeer-5797	334	36	.	.	PUNCT
ajeer-5797	335	1	the	the	DET
ajeer-5797	335	2	study	study	NOUN
ajeer-5797	335	3	finds	find	VERB
ajeer-5797	335	4	that	that	SCONJ
ajeer-5797	335	5	us	we	PRON
ajeer-5797	335	6	monetary	monetary	ADJ
ajeer-5797	335	7	policy	policy	NOUN
ajeer-5797	335	8	spillovers	spillover	NOUN
ajeer-5797	335	9	,	,	PUNCT
ajeer-5797	335	10	on	on	ADP
ajeer-5797	335	11	average	average	ADJ
ajeer-5797	335	12	,	,	PUNCT
ajeer-5797	335	13	boost	boost	VERB
ajeer-5797	335	14	indonesia	indonesia	PROPN
ajeer-5797	335	15	’s	’s	PART
ajeer-5797	335	16	real	real	ADJ
ajeer-5797	335	17	gdp	gdp	NOUN
ajeer-5797	335	18	and	and	CCONJ
ajeer-5797	335	19	stock	stock	NOUN
ajeer-5797	335	20	market	market	NOUN
ajeer-5797	335	21	returns	return	NOUN
ajeer-5797	335	22	,	,	PUNCT
ajeer-5797	335	23	appreciate	appreciate	VERB
ajeer-5797	335	24	the	the	DET
ajeer-5797	335	25	bilateral	bilateral	ADJ
ajeer-5797	335	26	exchange	exchange	NOUN
ajeer-5797	335	27	rate	rate	NOUN
ajeer-5797	335	28	vis	vis	X
ajeer-5797	335	29	-	-	PUNCT
ajeer-5797	335	30	à	à	X
ajeer-5797	335	31	-	-	PUNCT
ajeer-5797	335	32	vis	vis	X
ajeer-5797	335	33	the	the	DET
ajeer-5797	335	34	us	us	PROPN
ajeer-5797	335	35	dollar	dollar	NOUN
ajeer-5797	335	36	,	,	PUNCT
ajeer-5797	335	37	and	and	CCONJ
ajeer-5797	335	38	trigger	trigger	VERB
ajeer-5797	335	39	inflation	inflation	NOUN
ajeer-5797	335	40	beyond	beyond	ADP
ajeer-5797	335	41	what	what	PRON
ajeer-5797	335	42	the	the	DET
ajeer-5797	335	43	corresponding	corresponding	ADJ
ajeer-5797	335	44	policy	policy	NOUN
ajeer-5797	335	45	reaction	reaction	NOUN
ajeer-5797	335	46	could	could	AUX
ajeer-5797	335	47	counteract	counteract	VERB
ajeer-5797	335	48	.	.	PUNCT
ajeer-5797	336	1	however	however	ADV
ajeer-5797	336	2	,	,	PUNCT
ajeer-5797	336	3	decomposing	decompose	VERB
ajeer-5797	336	4	the	the	DET
ajeer-5797	336	5	shock	shock	NOUN
ajeer-5797	336	6	into	into	ADP
ajeer-5797	336	7	easing	ease	VERB
ajeer-5797	336	8	and	and	CCONJ
ajeer-5797	336	9	tightening	tighten	VERB
ajeer-5797	336	10	shocks	shock	NOUN
ajeer-5797	336	11	reveals	reveal	VERB
ajeer-5797	336	12	significant	significant	ADJ
ajeer-5797	336	13	differences	difference	NOUN
ajeer-5797	336	14	.	.	PUNCT
ajeer-5797	337	1	we	we	PRON
ajeer-5797	337	2	find	find	VERB
ajeer-5797	337	3	that	that	SCONJ
ajeer-5797	337	4	the	the	DET
ajeer-5797	337	5	effect	effect	NOUN
ajeer-5797	337	6	of	of	ADP
ajeer-5797	337	7	us	us	PROPN
ajeer-5797	337	8	monetary	monetary	ADJ
ajeer-5797	337	9	policy	policy	NOUN
ajeer-5797	337	10	shocks	shock	NOUN
ajeer-5797	337	11	on	on	ADP
ajeer-5797	337	12	real	real	ADJ
ajeer-5797	337	13	gdp	gdp	NOUN
ajeer-5797	337	14	,	,	PUNCT
ajeer-5797	337	15	the	the	DET
ajeer-5797	337	16	exchange	exchange	NOUN
ajeer-5797	337	17	rate	rate	NOUN
ajeer-5797	337	18	,	,	PUNCT
ajeer-5797	337	19	and	and	CCONJ
ajeer-5797	337	20	the	the	DET
ajeer-5797	337	21	policy	policy	NOUN
ajeer-5797	337	22	rate	rate	NOUN
ajeer-5797	337	23	is	be	AUX
ajeer-5797	337	24	asymmetric	asymmetric	ADJ
ajeer-5797	337	25	,	,	PUNCT
ajeer-5797	337	26	as	as	SCONJ
ajeer-5797	337	27	the	the	DET
ajeer-5797	337	28	variables	variable	NOUN
ajeer-5797	337	29	appreciate	appreciate	VERB
ajeer-5797	337	30	in	in	ADP
ajeer-5797	337	31	response	response	NOUN
ajeer-5797	337	32	to	to	ADP
ajeer-5797	337	33	both	both	CCONJ
ajeer-5797	337	34	tightening	tighten	VERB
ajeer-5797	337	35	and	and	CCONJ
ajeer-5797	337	36	easing	ease	VERB
ajeer-5797	337	37	shocks	shock	NOUN
ajeer-5797	337	38	.	.	PUNCT
ajeer-5797	338	1	on	on	ADP
ajeer-5797	338	2	the	the	DET
ajeer-5797	338	3	contrary	contrary	NOUN
ajeer-5797	338	4	,	,	PUNCT
ajeer-5797	338	5	the	the	DET
ajeer-5797	338	6	effects	effect	NOUN
ajeer-5797	338	7	on	on	ADP
ajeer-5797	338	8	inflation	inflation	NOUN
ajeer-5797	338	9	and	and	CCONJ
ajeer-5797	338	10	stock	stock	NOUN
ajeer-5797	338	11	market	market	NOUN
ajeer-5797	338	12	returns	return	NOUN
ajeer-5797	338	13	are	be	AUX
ajeer-5797	338	14	symmetrical	symmetrical	ADJ
ajeer-5797	338	15	.	.	PUNCT
ajeer-5797	339	1	indonesia	indonesia	PROPN
ajeer-5797	339	2	's	's	PART
ajeer-5797	339	3	inflation	inflation	NOUN
ajeer-5797	339	4	responded	respond	VERB
ajeer-5797	339	5	positively	positively	ADV
ajeer-5797	339	6	to	to	ADP
ajeer-5797	339	7	us	we	PRON
ajeer-5797	339	8	monetary	monetary	ADJ
ajeer-5797	339	9	policy	policy	NOUN
ajeer-5797	339	10	tightening	tighten	VERB
ajeer-5797	339	11	shocks	shock	NOUN
ajeer-5797	339	12	and	and	CCONJ
ajeer-5797	339	13	negatively	negatively	ADV
ajeer-5797	339	14	to	to	ADP
ajeer-5797	339	15	easing	ease	VERB
ajeer-5797	339	16	shocks	shock	NOUN
ajeer-5797	339	17	.	.	PUNCT
ajeer-5797	340	1	the	the	DET
ajeer-5797	340	2	stock	stock	NOUN
ajeer-5797	340	3	market	market	NOUN
ajeer-5797	340	4	's	's	PART
ajeer-5797	340	5	returns	return	NOUN
ajeer-5797	340	6	responded	respond	VERB
ajeer-5797	340	7	positively	positively	ADV
ajeer-5797	340	8	and	and	CCONJ
ajeer-5797	340	9	negatively	negatively	ADV
ajeer-5797	340	10	to	to	ADP
ajeer-5797	340	11	us	we	PRON
ajeer-5797	340	12	easing	ease	VERB
ajeer-5797	340	13	and	and	CCONJ
ajeer-5797	340	14	tightening	tighten	VERB
ajeer-5797	340	15	shocks	shock	NOUN
ajeer-5797	340	16	,	,	PUNCT
ajeer-5797	340	17	respectively	respectively	ADV
ajeer-5797	340	18	.	.	PUNCT
ajeer-5797	341	1	we	we	PRON
ajeer-5797	341	2	also	also	ADV
ajeer-5797	341	3	found	find	VERB
ajeer-5797	341	4	that	that	SCONJ
ajeer-5797	341	5	macroeconomic	macroeconomic	ADJ
ajeer-5797	341	6	variables	variable	NOUN
ajeer-5797	341	7	responded	respond	VERB
ajeer-5797	341	8	differently	differently	ADV
ajeer-5797	341	9	to	to	ADP
ajeer-5797	341	10	us	we	PRON
ajeer-5797	341	11	conventional	conventional	ADJ
ajeer-5797	341	12	and	and	CCONJ
ajeer-5797	341	13	ump	ump	NOUN
ajeer-5797	341	14	shocks	shock	NOUN
ajeer-5797	341	15	.	.	PUNCT
ajeer-5797	342	1	while	while	SCONJ
ajeer-5797	342	2	real	real	ADJ
ajeer-5797	342	3	gdp	gdp	NOUN
ajeer-5797	342	4	and	and	CCONJ
ajeer-5797	342	5	inflation	inflation	NOUN
ajeer-5797	342	6	responded	respond	VERB
ajeer-5797	342	7	positively	positively	ADV
ajeer-5797	342	8	to	to	ADP
ajeer-5797	342	9	us	we	PRON
ajeer-5797	342	10	conventional	conventional	ADJ
ajeer-5797	342	11	monetary	monetary	ADJ
ajeer-5797	342	12	policy	policy	NOUN
ajeer-5797	342	13	shocks	shock	NOUN
ajeer-5797	342	14	,	,	PUNCT
ajeer-5797	342	15	ump	ump	NOUN
ajeer-5797	342	16	shocks	shock	NOUN
ajeer-5797	342	17	,	,	PUNCT
ajeer-5797	342	18	on	on	ADP
ajeer-5797	342	19	the	the	DET
ajeer-5797	342	20	other	other	ADJ
ajeer-5797	342	21	hand	hand	NOUN
ajeer-5797	342	22	,	,	PUNCT
ajeer-5797	342	23	depressed	depress	VERB
ajeer-5797	342	24	both	both	DET
ajeer-5797	342	25	gdp	gdp	NOUN
ajeer-5797	342	26	and	and	CCONJ
ajeer-5797	342	27	inflation	inflation	NOUN
ajeer-5797	342	28	.	.	PUNCT
ajeer-5797	343	1	the	the	DET
ajeer-5797	343	2	exchange	exchange	NOUN
ajeer-5797	343	3	rate	rate	NOUN
ajeer-5797	343	4	appreciates	appreciate	VERB
ajeer-5797	343	5	in	in	ADP
ajeer-5797	343	6	response	response	NOUN
ajeer-5797	343	7	to	to	ADP
ajeer-5797	343	8	us	we	PRON
ajeer-5797	343	9	ump	ump	NOUN
ajeer-5797	343	10	shocks	shock	NOUN
ajeer-5797	343	11	and	and	CCONJ
ajeer-5797	343	12	depreciates	depreciate	VERB
ajeer-5797	343	13	in	in	ADP
ajeer-5797	343	14	response	response	NOUN
ajeer-5797	343	15	to	to	ADP
ajeer-5797	343	16	conventional	conventional	ADJ
ajeer-5797	343	17	monetary	monetary	ADJ
ajeer-5797	343	18	policy	policy	NOUN
ajeer-5797	343	19	shocks	shock	NOUN
ajeer-5797	343	20	.	.	PUNCT
ajeer-5797	344	1	while	while	SCONJ
ajeer-5797	344	2	stock	stock	NOUN
ajeer-5797	344	3	market	market	NOUN
ajeer-5797	344	4	returns	return	NOUN
ajeer-5797	344	5	responded	respond	VERB
ajeer-5797	344	6	positively	positively	ADV
ajeer-5797	344	7	to	to	ADP
ajeer-5797	344	8	both	both	DET
ajeer-5797	344	9	shocks	shock	NOUN
ajeer-5797	344	10	,	,	PUNCT
ajeer-5797	344	11	the	the	DET
ajeer-5797	344	12	response	response	NOUN
ajeer-5797	344	13	to	to	ADP
ajeer-5797	344	14	ump	ump	NOUN
ajeer-5797	344	15	was	be	AUX
ajeer-5797	344	16	stronger	strong	ADJ
ajeer-5797	344	17	and	and	CCONJ
ajeer-5797	344	18	longer	long	ADJ
ajeer-5797	344	19	.	.	PUNCT
ajeer-5797	345	1	to	to	PART
ajeer-5797	345	2	stimulate	stimulate	VERB
ajeer-5797	345	3	declining	decline	VERB
ajeer-5797	345	4	output	output	NOUN
ajeer-5797	345	5	,	,	PUNCT
ajeer-5797	345	6	policy	policy	NOUN
ajeer-5797	345	7	rates	rate	NOUN
ajeer-5797	345	8	rise	rise	VERB
ajeer-5797	345	9	in	in	ADP
ajeer-5797	345	10	response	response	NOUN
ajeer-5797	345	11	to	to	ADP
ajeer-5797	345	12	conventional	conventional	ADJ
ajeer-5797	345	13	monetary	monetary	ADJ
ajeer-5797	345	14	policy	policy	NOUN
ajeer-5797	345	15	shocks	shock	NOUN
ajeer-5797	345	16	and	and	CCONJ
ajeer-5797	345	17	fall	fall	VERB
ajeer-5797	345	18	in	in	ADP
ajeer-5797	345	19	response	response	NOUN
ajeer-5797	345	20	to	to	ADP
ajeer-5797	345	21	ump	ump	NOUN
ajeer-5797	345	22	shocks	shock	NOUN
ajeer-5797	345	23	.	.	PUNCT
ajeer-5797	346	1	finally	finally	ADV
ajeer-5797	346	2	,	,	PUNCT
ajeer-5797	346	3	we	we	PRON
ajeer-5797	346	4	also	also	ADV
ajeer-5797	346	5	found	find	VERB
ajeer-5797	346	6	substantial	substantial	ADJ
ajeer-5797	346	7	time	time	NOUN
ajeer-5797	346	8	variation	variation	NOUN
ajeer-5797	346	9	in	in	ADP
ajeer-5797	346	10	the	the	DET
ajeer-5797	346	11	effects	effect	NOUN
ajeer-5797	346	12	corresponding	correspond	VERB
ajeer-5797	346	13	to	to	ADP
ajeer-5797	346	14	major	major	ADJ
ajeer-5797	346	15	global	global	ADJ
ajeer-5797	346	16	events	event	NOUN
ajeer-5797	346	17	,	,	PUNCT
ajeer-5797	346	18	including	include	VERB
ajeer-5797	346	19	the	the	DET
ajeer-5797	346	20	gfc	gfc	NOUN
ajeer-5797	346	21	and	and	CCONJ
ajeer-5797	346	22	implementation	implementation	NOUN
ajeer-5797	346	23	of	of	ADP
ajeer-5797	346	24	ump	ump	NOUN
ajeer-5797	346	25	,	,	PUNCT
ajeer-5797	346	26	the	the	DET
ajeer-5797	346	27	taper	taper	NOUN
ajeer-5797	346	28	tantrum	tantrum	NOUN
ajeer-5797	346	29	of	of	ADP
ajeer-5797	346	30	2013–2014	2013–2014	NUM
ajeer-5797	346	31	,	,	PUNCT
ajeer-5797	346	32	and	and	CCONJ
ajeer-5797	346	33	the	the	DET
ajeer-5797	346	34	great	great	ADJ
ajeer-5797	346	35	lockdown	lockdown	NOUN
ajeer-5797	346	36	in	in	ADP
ajeer-5797	346	37	the	the	DET
ajeer-5797	346	38	wake	wake	NOUN
ajeer-5797	346	39	of	of	ADP
ajeer-5797	346	40	the	the	DET
ajeer-5797	346	41	covid-19	covid-19	PROPN
ajeer-5797	346	42	pandemic	pandemic	NOUN
ajeer-5797	346	43	in	in	ADP
ajeer-5797	346	44	2019–2020	2019–2020	NUM
ajeer-5797	346	45	.	.	PUNCT
ajeer-5797	347	1	the	the	DET
ajeer-5797	347	2	contribution	contribution	NOUN
ajeer-5797	347	3	of	of	ADP
ajeer-5797	347	4	the	the	DET
ajeer-5797	347	5	study	study	NOUN
ajeer-5797	347	6	is	be	AUX
ajeer-5797	347	7	twofold	twofold	ADJ
ajeer-5797	347	8	.	.	PUNCT
ajeer-5797	348	1	first	first	ADV
ajeer-5797	348	2	,	,	PUNCT
ajeer-5797	348	3	we	we	PRON
ajeer-5797	348	4	investigate	investigate	VERB
ajeer-5797	348	5	the	the	DET
ajeer-5797	348	6	spillover	spillover	NOUN
ajeer-5797	348	7	effects	effect	NOUN
ajeer-5797	348	8	of	of	ADP
ajeer-5797	348	9	us	we	PRON
ajeer-5797	348	10	monetary	monetary	ADJ
ajeer-5797	348	11	policy	policy	NOUN
ajeer-5797	348	12	on	on	ADP
ajeer-5797	348	13	the	the	DET
ajeer-5797	348	14	indonesian	indonesian	ADJ
ajeer-5797	348	15	economy	economy	NOUN
ajeer-5797	348	16	using	use	VERB
ajeer-5797	348	17	the	the	DET
ajeer-5797	348	18	shadow	shadow	NOUN
ajeer-5797	348	19	rate	rate	NOUN
ajeer-5797	348	20	against	against	ADP
ajeer-5797	348	21	the	the	DET
ajeer-5797	348	22	ffr	ffr	NOUN
ajeer-5797	348	23	.	.	PUNCT
ajeer-5797	349	1	this	this	DET
ajeer-5797	349	2	choice	choice	NOUN
ajeer-5797	349	3	of	of	ADP
ajeer-5797	349	4	shadow	shadow	NOUN
ajeer-5797	349	5	rate	rate	NOUN
ajeer-5797	349	6	is	be	AUX
ajeer-5797	349	7	motivated	motivate	VERB
ajeer-5797	349	8	by	by	ADP
ajeer-5797	349	9	the	the	DET
ajeer-5797	349	10	desire	desire	NOUN
ajeer-5797	349	11	to	to	PART
ajeer-5797	349	12	capture	capture	VERB
ajeer-5797	349	13	the	the	DET
ajeer-5797	349	14	effects	effect	NOUN
ajeer-5797	349	15	of	of	ADP
ajeer-5797	349	16	ump	ump	NOUN
ajeer-5797	349	17	implemented	implement	VERB
ajeer-5797	349	18	in	in	ADP
ajeer-5797	349	19	the	the	DET
ajeer-5797	349	20	wake	wake	NOUN
ajeer-5797	349	21	of	of	ADP
ajeer-5797	349	22	gfc	gfc	NOUN
ajeer-5797	349	23	.	.	PUNCT
ajeer-5797	350	1	secondly	secondly	ADV
ajeer-5797	350	2	,	,	PUNCT
ajeer-5797	350	3	we	we	PRON
ajeer-5797	350	4	constructed	construct	VERB
ajeer-5797	350	5	a	a	DET
ajeer-5797	350	6	block	block	NOUN
ajeer-5797	350	7	-	-	PUNCT
ajeer-5797	350	8	exogenous	exogenous	ADJ
ajeer-5797	350	9	svar	svar	NOUN
ajeer-5797	350	10	model	model	NOUN
ajeer-5797	350	11	that	that	PRON
ajeer-5797	350	12	features	feature	VERB
ajeer-5797	350	13	time	time	NOUN
ajeer-5797	350	14	-	-	PUNCT
ajeer-5797	350	15	varying	vary	VERB
ajeer-5797	350	16	parameters	parameter	NOUN
ajeer-5797	350	17	.	.	PUNCT
ajeer-5797	351	1	the	the	DET
ajeer-5797	351	2	rationale	rationale	NOUN
ajeer-5797	351	3	behind	behind	ADP
ajeer-5797	351	4	this	this	DET
ajeer-5797	351	5	decision	decision	NOUN
ajeer-5797	351	6	is	be	AUX
ajeer-5797	351	7	to	to	PART
ajeer-5797	351	8	deal	deal	VERB
ajeer-5797	351	9	with	with	ADP
ajeer-5797	351	10	potential	potential	ADJ
ajeer-5797	351	11	structural	structural	ADJ
ajeer-5797	351	12	breaks	break	NOUN
ajeer-5797	351	13	and	and	CCONJ
ajeer-5797	351	14	nonlinearities	nonlinearitie	NOUN
ajeer-5797	351	15	caused	cause	VERB
ajeer-5797	351	16	by	by	ADP
ajeer-5797	351	17	major	major	ADJ
ajeer-5797	351	18	domestic	domestic	ADJ
ajeer-5797	351	19	and	and	CCONJ
ajeer-5797	351	20	global	global	ADJ
ajeer-5797	351	21	events	event	NOUN
ajeer-5797	351	22	in	in	ADP
ajeer-5797	351	23	the	the	DET
ajeer-5797	351	24	past	past	NOUN
ajeer-5797	351	25	.	.	PUNCT
ajeer-5797	352	1	our	our	PRON
ajeer-5797	352	2	findings	finding	NOUN
ajeer-5797	352	3	have	have	VERB
ajeer-5797	352	4	implications	implication	NOUN
ajeer-5797	352	5	that	that	PRON
ajeer-5797	352	6	encourage	encourage	VERB
ajeer-5797	352	7	further	further	ADJ
ajeer-5797	352	8	research	research	NOUN
ajeer-5797	352	9	.	.	PUNCT
ajeer-5797	353	1	in	in	ADP
ajeer-5797	353	2	our	our	PRON
ajeer-5797	353	3	analysis	analysis	NOUN
ajeer-5797	353	4	,	,	PUNCT
ajeer-5797	353	5	we	we	PRON
ajeer-5797	353	6	only	only	ADV
ajeer-5797	353	7	considered	consider	VERB
ajeer-5797	353	8	spillovers	spillover	NOUN
ajeer-5797	353	9	of	of	ADP
ajeer-5797	353	10	monetary	monetary	ADJ
ajeer-5797	353	11	policy	policy	NOUN
ajeer-5797	353	12	from	from	ADP
ajeer-5797	353	13	the	the	DET
ajeer-5797	353	14	united	united	PROPN
ajeer-5797	353	15	states	states	PROPN
ajeer-5797	353	16	to	to	ADP
ajeer-5797	353	17	indonesia	indonesia	PROPN
ajeer-5797	353	18	.	.	PUNCT
ajeer-5797	354	1	this	this	PRON
ajeer-5797	354	2	is	be	AUX
ajeer-5797	354	3	an	an	DET
ajeer-5797	354	4	important	important	ADJ
ajeer-5797	354	5	starting	starting	NOUN
ajeer-5797	354	6	point	point	NOUN
ajeer-5797	354	7	.	.	PUNCT
ajeer-5797	355	1	the	the	DET
ajeer-5797	355	2	next	next	ADJ
ajeer-5797	355	3	extension	extension	NOUN
ajeer-5797	355	4	is	be	AUX
ajeer-5797	355	5	to	to	PART
ajeer-5797	355	6	consider	consider	VERB
ajeer-5797	355	7	other	other	ADJ
ajeer-5797	355	8	advanced	advanced	ADJ
ajeer-5797	355	9	economies	economy	NOUN
ajeer-5797	355	10	with	with	ADP
ajeer-5797	355	11	strong	strong	ADJ
ajeer-5797	355	12	trade	trade	NOUN
ajeer-5797	355	13	and	and	CCONJ
ajeer-5797	355	14	financial	financial	ADJ
ajeer-5797	355	15	ties	tie	NOUN
ajeer-5797	355	16	with	with	ADP
ajeer-5797	355	17	indonesia	indonesia	PROPN
ajeer-5797	355	18	,	,	PUNCT
ajeer-5797	355	19	such	such	ADJ
ajeer-5797	355	20	as	as	ADP
ajeer-5797	355	21	japan	japan	PROPN
ajeer-5797	355	22	and	and	CCONJ
ajeer-5797	355	23	the	the	DET
ajeer-5797	355	24	euro	euro	PROPN
ajeer-5797	355	25	area	area	NOUN
ajeer-5797	355	26	.	.	PUNCT
ajeer-5797	356	1	we	we	PRON
ajeer-5797	356	2	were	be	AUX
ajeer-5797	356	3	unable	unable	ADJ
ajeer-5797	356	4	to	to	PART
ajeer-5797	356	5	include	include	VERB
ajeer-5797	356	6	them	they	PRON
ajeer-5797	356	7	in	in	ADP
ajeer-5797	356	8	our	our	PRON
ajeer-5797	356	9	analysis	analysis	NOUN
ajeer-5797	356	10	,	,	PUNCT
ajeer-5797	356	11	leaving	leave	VERB
ajeer-5797	356	12	a	a	DET
ajeer-5797	356	13	significant	significant	ADJ
ajeer-5797	356	14	gap	gap	NOUN
ajeer-5797	356	15	for	for	ADP
ajeer-5797	356	16	future	future	ADJ
ajeer-5797	356	17	research	research	NOUN
ajeer-5797	356	18	.	.	PUNCT
ajeer-5797	357	1	references	reference	NOUN
ajeer-5797	357	2	berkelmans	berkelman	NOUN
ajeer-5797	357	3	,	,	PUNCT
ajeer-5797	357	4	l.	l.	PROPN
ajeer-5797	357	5	(	(	PUNCT
ajeer-5797	357	6	2005	2005	NUM
ajeer-5797	357	7	)	)	PUNCT
ajeer-5797	357	8	.	.	PUNCT
ajeer-5797	358	1	estimation	estimation	NOUN
ajeer-5797	358	2	and	and	CCONJ
ajeer-5797	358	3	results|	results|	VERB
ajeer-5797	358	4	rdp	rdp	PROPN
ajeer-5797	358	5	2005	2005	NUM
ajeer-5797	358	6	-	-	SYM
ajeer-5797	358	7	06	06	NUM
ajeer-5797	358	8	:	:	PUNCT
ajeer-5797	358	9	credit	credit	NOUN
ajeer-5797	358	10	and	and	CCONJ
ajeer-5797	358	11	monetary	monetary	ADJ
ajeer-5797	358	12	policy	policy	NOUN
ajeer-5797	358	13	:	:	PUNCT
ajeer-5797	358	14	an	an	DET
ajeer-5797	358	15	australian	australian	ADJ
ajeer-5797	358	16	svar	svar	PROPN
ajeer-5797	358	17	.	.	PUNCT
ajeer-5797	358	18	reserve	reserve	PROPN
ajeer-5797	358	19	bank	bank	PROPN
ajeer-5797	358	20	of	of	ADP
ajeer-5797	358	21	australia	australia	PROPN
ajeer-5797	358	22	research	research	NOUN
ajeer-5797	358	23	discussion	discussion	NOUN
ajeer-5797	358	24	papers	paper	NOUN
ajeer-5797	358	25	,	,	PUNCT
ajeer-5797	358	26	(	(	PUNCT
ajeer-5797	358	27	december	december	PROPN
ajeer-5797	358	28	)	)	PUNCT
ajeer-5797	358	29	.	.	PUNCT
ajeer-5797	359	1	bundesbank	bundesbank	PROPN
ajeer-5797	359	2	,	,	PUNCT
ajeer-5797	359	3	d.	d.	PROPN
ajeer-5797	359	4	(	(	PUNCT
ajeer-5797	359	5	2020	2020	NUM
ajeer-5797	359	6	)	)	PUNCT
ajeer-5797	359	7	.	.	PUNCT
ajeer-5797	360	1	the	the	DET
ajeer-5797	360	2	german	german	ADJ
ajeer-5797	360	3	economy	economy	NOUN
ajeer-5797	360	4	.	.	PUNCT
ajeer-5797	361	1	monthly	monthly	ADJ
ajeer-5797	361	2	report	report	NOUN
ajeer-5797	361	3	,	,	PUNCT
ajeer-5797	361	4	72(11	72(11	NUM
ajeer-5797	361	5	)	)	PUNCT
ajeer-5797	361	6	,	,	PUNCT
ajeer-5797	361	7	1	1	NUM
ajeer-5797	361	8	-	-	SYM
ajeer-5797	361	9	16	16	NUM
ajeer-5797	361	10	.	.	PUNCT
ajeer-5797	362	1	canova	canova	PROPN
ajeer-5797	362	2	,	,	PUNCT
ajeer-5797	362	3	f.	f.	PROPN
ajeer-5797	362	4	(	(	PUNCT
ajeer-5797	362	5	2005	2005	NUM
ajeer-5797	362	6	)	)	PUNCT
ajeer-5797	362	7	.	.	PUNCT
ajeer-5797	363	1	the	the	DET
ajeer-5797	363	2	transmission	transmission	NOUN
ajeer-5797	363	3	of	of	ADP
ajeer-5797	363	4	us	we	PRON
ajeer-5797	363	5	shocks	shock	NOUN
ajeer-5797	363	6	to	to	ADP
ajeer-5797	363	7	latin	latin	PROPN
ajeer-5797	363	8	america	america	PROPN
ajeer-5797	363	9	.	.	PUNCT
ajeer-5797	364	1	journal	journal	PROPN
ajeer-5797	364	2	of	of	ADP
ajeer-5797	364	3	applied	apply	VERB
ajeer-5797	364	4	econometrics	econometric	NOUN
ajeer-5797	364	5	,	,	PUNCT
ajeer-5797	364	6	20(2	20(2	NUM
ajeer-5797	364	7	)	)	PUNCT
ajeer-5797	364	8	,	,	PUNCT
ajeer-5797	364	9	229	229	NUM
ajeer-5797	364	10	-	-	SYM
ajeer-5797	364	11	251	251	NUM
ajeer-5797	364	12	.	.	PUNCT
ajeer-5797	365	1	https://doi.org/10.1002/jae.837	https://doi.org/10.1002/jae.837	PROPN
ajeer-5797	365	2	cao	cao	PROPN
ajeer-5797	365	3	,	,	PUNCT
ajeer-5797	365	4	j.	j.	PROPN
ajeer-5797	365	5	,	,	PUNCT
ajeer-5797	365	6	&	&	CCONJ
ajeer-5797	365	7	dinger	dinger	PROPN
ajeer-5797	365	8	,	,	PUNCT
ajeer-5797	365	9	v.	v.	PROPN
ajeer-5797	365	10	(	(	PUNCT
ajeer-5797	365	11	2022	2022	NUM
ajeer-5797	365	12	)	)	PUNCT
ajeer-5797	365	13	.	.	PUNCT
ajeer-5797	366	1	financial	financial	ADJ
ajeer-5797	366	2	globalization	globalization	NOUN
ajeer-5797	366	3	and	and	CCONJ
ajeer-5797	366	4	bank	bank	NOUN
ajeer-5797	366	5	lending	lending	NOUN
ajeer-5797	366	6	:	:	PUNCT
ajeer-5797	366	7	the	the	DET
ajeer-5797	366	8	limits	limit	NOUN
ajeer-5797	366	9	of	of	ADP
ajeer-5797	366	10	domestic	domestic	ADJ
ajeer-5797	366	11	monetary	monetary	ADJ
ajeer-5797	366	12	policy	policy	NOUN
ajeer-5797	366	13	.	.	PUNCT
ajeer-5797	367	1	journal	journal	NOUN
ajeer-5797	367	2	of	of	ADP
ajeer-5797	367	3	financial	financial	ADJ
ajeer-5797	367	4	and	and	CCONJ
ajeer-5797	367	5	quantitative	quantitative	ADJ
ajeer-5797	367	6	analysis	analysis	NOUN
ajeer-5797	367	7	,	,	PUNCT
ajeer-5797	367	8	57(8	57(8	NUM
ajeer-5797	367	9	)	)	PUNCT
ajeer-5797	367	10	,	,	PUNCT
ajeer-5797	367	11	3223	3223	NUM
ajeer-5797	367	12	-	-	SYM
ajeer-5797	367	13	3251	3251	NUM
ajeer-5797	367	14	.	.	PUNCT
ajeer-5797	368	1	https://doi.org/10.1017/s0022109022000539	https://doi.org/10.1017/s0022109022000539	NUM
ajeer-5797	368	2	danladi	danladi	NOUN
ajeer-5797	368	3	,	,	PUNCT
ajeer-5797	368	4	s.	s.	PROPN
ajeer-5797	368	5	n.	n.	PROPN
ajeer-5797	368	6	(	(	PUNCT
ajeer-5797	368	7	2022	2022	NUM
ajeer-5797	368	8	)	)	PUNCT
ajeer-5797	368	9	.	.	PUNCT
ajeer-5797	369	1	spillover	spillover	VERB
ajeer-5797	369	2	effects	effect	NOUN
ajeer-5797	369	3	of	of	ADP
ajeer-5797	369	4	us	we	PRON
ajeer-5797	369	5	monetary	monetary	ADJ
ajeer-5797	369	6	policy	policy	NOUN
ajeer-5797	369	7	and	and	CCONJ
ajeer-5797	369	8	macreconomic	macreconomic	ADJ
ajeer-5797	369	9	conditions	condition	NOUN
ajeer-5797	369	10	in	in	ADP
ajeer-5797	369	11	nigeria	nigeria	PROPN
ajeer-5797	369	12	:	:	PUNCT
ajeer-5797	369	13	evidence	evidence	NOUN
ajeer-5797	369	14	from	from	ADP
ajeer-5797	369	15	time	time	NOUN
ajeer-5797	369	16	-	-	PUNCT
ajeer-5797	369	17	varying	vary	VERB
ajeer-5797	369	18	parameter	parameter	NOUN
ajeer-5797	369	19	structural	structural	ADJ
ajeer-5797	369	20	vector	vector	NOUN
ajeer-5797	369	21	autoregression	autoregression	NOUN
ajeer-5797	369	22	(	(	PUNCT
ajeer-5797	369	23	tvp	tvp	NOUN
ajeer-5797	369	24	-	-	PUNCT
ajeer-5797	369	25	svar	svar	NOUN
ajeer-5797	369	26	)	)	PUNCT
ajeer-5797	369	27	.	.	PUNCT
ajeer-5797	370	1	international	international	ADJ
ajeer-5797	370	2	journal	journal	PROPN
ajeer-5797	370	3	of	of	ADP
ajeer-5797	370	4	economics	economics	PROPN
ajeer-5797	370	5	&	&	CCONJ
ajeer-5797	370	6	business	business	PROPN
ajeer-5797	370	7	administration	administration	PROPN
ajeer-5797	370	8	,	,	PUNCT
ajeer-5797	370	9	10(2	10(2	NUM
ajeer-5797	370	10	)	)	PUNCT
ajeer-5797	370	11	,	,	PUNCT
ajeer-5797	370	12	101	101	NUM
ajeer-5797	370	13	-	-	SYM
ajeer-5797	370	14	120	120	NUM
ajeer-5797	370	15	.	.	PUNCT
ajeer-5797	371	1	https://doi.org/10.1002/jae.837	https://doi.org/10.1002/jae.837	PROPN
ajeer-5797	371	2	https://doi.org/10.1017/s0022109022000539	https://doi.org/10.1017/s0022109022000539	NUM
ajeer-5797	371	3	asian	asian	ADJ
ajeer-5797	371	4	journal	journal	NOUN
ajeer-5797	371	5	of	of	ADP
ajeer-5797	371	6	economics	economic	NOUN
ajeer-5797	371	7	and	and	CCONJ
ajeer-5797	371	8	empirical	empirical	ADJ
ajeer-5797	371	9	research	research	NOUN
ajeer-5797	371	10	,	,	PUNCT
ajeer-5797	371	11	2024	2024	NUM
ajeer-5797	371	12	,	,	PUNCT
ajeer-5797	371	13	11(1	11(1	NUM
ajeer-5797	371	14	):	):	PUNCT
ajeer-5797	371	15	30	30	NUM
ajeer-5797	371	16	-	-	SYM
ajeer-5797	371	17	43	43	NUM
ajeer-5797	371	18	43	43	NUM
ajeer-5797	371	19	©	©	ADP
ajeer-5797	371	20	2024	2024	NUM
ajeer-5797	371	21	by	by	ADP
ajeer-5797	371	22	the	the	DET
ajeer-5797	371	23	authors	author	NOUN
ajeer-5797	371	24	;	;	PUNCT
ajeer-5797	371	25	licensee	licensee	PROPN
ajeer-5797	371	26	asian	asian	ADJ
ajeer-5797	371	27	online	online	PROPN
ajeer-5797	371	28	journal	journal	PROPN
ajeer-5797	371	29	publishing	publishing	PROPN
ajeer-5797	371	30	group	group	PROPN
ajeer-5797	371	31	elbourne	elbourne	PROPN
ajeer-5797	371	32	,	,	PUNCT
ajeer-5797	371	33	a.	a.	PROPN
ajeer-5797	371	34	,	,	PUNCT
ajeer-5797	371	35	&	&	CCONJ
ajeer-5797	371	36	de	de	PROPN
ajeer-5797	371	37	haan	haan	PROPN
ajeer-5797	371	38	,	,	PUNCT
ajeer-5797	371	39	j.	j.	PROPN
ajeer-5797	371	40	(	(	PUNCT
ajeer-5797	371	41	2006	2006	NUM
ajeer-5797	371	42	)	)	PUNCT
ajeer-5797	371	43	.	.	PUNCT
ajeer-5797	372	1	financial	financial	ADJ
ajeer-5797	372	2	structure	structure	NOUN
ajeer-5797	372	3	and	and	CCONJ
ajeer-5797	372	4	monetary	monetary	ADJ
ajeer-5797	372	5	policy	policy	NOUN
ajeer-5797	372	6	transmission	transmission	NOUN
ajeer-5797	372	7	in	in	ADP
ajeer-5797	372	8	transition	transition	NOUN
ajeer-5797	372	9	countries	country	NOUN
ajeer-5797	372	10	.	.	PUNCT
ajeer-5797	373	1	journal	journal	NOUN
ajeer-5797	373	2	of	of	ADP
ajeer-5797	373	3	comparative	comparative	ADJ
ajeer-5797	373	4	economics	economic	NOUN
ajeer-5797	373	5	,	,	PUNCT
ajeer-5797	373	6	34(1	34(1	NUM
ajeer-5797	373	7	)	)	PUNCT
ajeer-5797	373	8	,	,	PUNCT
ajeer-5797	373	9	1	1	NUM
ajeer-5797	373	10	-	-	SYM
ajeer-5797	373	11	23	23	NUM
ajeer-5797	373	12	.	.	PUNCT
ajeer-5797	374	1	https://doi.org/10.1016/j.jce.2005.11.004	https://doi.org/10.1016/j.jce.2005.11.004	PROPN
ajeer-5797	374	2	eterovic	eterovic	PROPN
ajeer-5797	374	3	,	,	PUNCT
ajeer-5797	374	4	d.	d.	PROPN
ajeer-5797	374	5	,	,	PUNCT
ajeer-5797	374	6	sweet	sweet	ADJ
ajeer-5797	374	7	,	,	PUNCT
ajeer-5797	374	8	c.	c.	PROPN
ajeer-5797	374	9	,	,	PUNCT
ajeer-5797	374	10	&	&	CCONJ
ajeer-5797	374	11	eterovic	eterovic	ADJ
ajeer-5797	374	12	,	,	PUNCT
ajeer-5797	374	13	n.	n.	NOUN
ajeer-5797	374	14	(	(	PUNCT
ajeer-5797	374	15	2022	2022	NUM
ajeer-5797	374	16	)	)	PUNCT
ajeer-5797	374	17	.	.	PUNCT
ajeer-5797	375	1	asymmetric	asymmetric	ADJ
ajeer-5797	375	2	spillovers	spillover	NOUN
ajeer-5797	375	3	in	in	ADP
ajeer-5797	375	4	emerging	emerge	VERB
ajeer-5797	375	5	market	market	NOUN
ajeer-5797	375	6	monetary	monetary	ADJ
ajeer-5797	375	7	policy	policy	NOUN
ajeer-5797	375	8	.	.	PUNCT
ajeer-5797	376	1	international	international	ADJ
ajeer-5797	376	2	review	review	NOUN
ajeer-5797	376	3	of	of	ADP
ajeer-5797	376	4	economics	economics	PROPN
ajeer-5797	376	5	&	&	CCONJ
ajeer-5797	376	6	finance	finance	PROPN
ajeer-5797	376	7	,	,	PUNCT
ajeer-5797	376	8	82	82	NUM
ajeer-5797	376	9	,	,	PUNCT
ajeer-5797	376	10	650	650	NUM
ajeer-5797	376	11	-	-	SYM
ajeer-5797	376	12	662	662	NUM
ajeer-5797	376	13	.	.	PUNCT
ajeer-5797	377	1	https://doi.org/10.1016/j.iref.2022.08.005	https://doi.org/10.1016/j.iref.2022.08.005	PROPN
ajeer-5797	377	2	gajewski	gajewski	PROPN
ajeer-5797	377	3	,	,	PUNCT
ajeer-5797	377	4	k.	k.	PROPN
ajeer-5797	377	5	,	,	PUNCT
ajeer-5797	377	6	jara	jara	PROPN
ajeer-5797	377	7	,	,	PUNCT
ajeer-5797	377	8	a.	a.	PROPN
ajeer-5797	377	9	,	,	PUNCT
ajeer-5797	377	10	kang	kang	PROPN
ajeer-5797	377	11	,	,	PUNCT
ajeer-5797	377	12	y.	y.	PROPN
ajeer-5797	377	13	,	,	PUNCT
ajeer-5797	377	14	mok	mok	PROPN
ajeer-5797	377	15	,	,	PUNCT
ajeer-5797	377	16	j.	j.	PROPN
ajeer-5797	377	17	,	,	PUNCT
ajeer-5797	377	18	moreno	moreno	PROPN
ajeer-5797	377	19	,	,	PUNCT
ajeer-5797	377	20	d.	d.	PROPN
ajeer-5797	377	21	,	,	PUNCT
ajeer-5797	377	22	&	&	CCONJ
ajeer-5797	377	23	serwa	serwa	PROPN
ajeer-5797	377	24	,	,	PUNCT
ajeer-5797	377	25	d.	d.	PROPN
ajeer-5797	377	26	(	(	PUNCT
ajeer-5797	377	27	2019	2019	NUM
ajeer-5797	377	28	)	)	PUNCT
ajeer-5797	377	29	.	.	PUNCT
ajeer-5797	378	1	international	international	ADJ
ajeer-5797	378	2	spillovers	spillover	NOUN
ajeer-5797	378	3	of	of	ADP
ajeer-5797	378	4	monetary	monetary	ADJ
ajeer-5797	378	5	policy	policy	NOUN
ajeer-5797	378	6	:	:	PUNCT
ajeer-5797	378	7	lessons	lesson	NOUN
ajeer-5797	378	8	from	from	ADP
ajeer-5797	378	9	chile	chile	PROPN
ajeer-5797	378	10	,	,	PUNCT
ajeer-5797	378	11	korea	korea	PROPN
ajeer-5797	378	12	,	,	PUNCT
ajeer-5797	378	13	and	and	CCONJ
ajeer-5797	378	14	poland	poland	PROPN
ajeer-5797	378	15	.	.	PUNCT
ajeer-5797	379	1	journal	journal	PROPN
ajeer-5797	379	2	of	of	ADP
ajeer-5797	379	3	international	international	ADJ
ajeer-5797	379	4	money	money	NOUN
ajeer-5797	379	5	and	and	CCONJ
ajeer-5797	379	6	finance	finance	NOUN
ajeer-5797	379	7	,	,	PUNCT
ajeer-5797	379	8	90	90	NUM
ajeer-5797	379	9	,	,	PUNCT
ajeer-5797	379	10	175	175	NUM
ajeer-5797	379	11	-	-	SYM
ajeer-5797	379	12	186	186	NUM
ajeer-5797	379	13	.	.	PUNCT
ajeer-5797	380	1	https://doi.org/10.1016/j.jimonfin.2018.08.009	https://doi.org/10.1016/j.jimonfin.2018.08.009	ADJ
ajeer-5797	380	2	hajek	hajek	NOUN
ajeer-5797	380	3	,	,	PUNCT
ajeer-5797	380	4	j.	j.	PROPN
ajeer-5797	380	5	,	,	PUNCT
ajeer-5797	380	6	&	&	CCONJ
ajeer-5797	380	7	horvath	horvath	PROPN
ajeer-5797	380	8	,	,	PUNCT
ajeer-5797	380	9	r.	r.	PROPN
ajeer-5797	380	10	(	(	PUNCT
ajeer-5797	380	11	2018	2018	NUM
ajeer-5797	380	12	)	)	PUNCT
ajeer-5797	380	13	.	.	PUNCT
ajeer-5797	381	1	international	international	ADJ
ajeer-5797	381	2	spillovers	spillover	NOUN
ajeer-5797	381	3	of	of	ADP
ajeer-5797	381	4	(	(	PUNCT
ajeer-5797	381	5	un	un	ADJ
ajeer-5797	381	6	)	)	PUNCT
ajeer-5797	381	7	conventional	conventional	ADJ
ajeer-5797	381	8	monetary	monetary	ADJ
ajeer-5797	381	9	policy	policy	NOUN
ajeer-5797	381	10	:	:	PUNCT
ajeer-5797	381	11	the	the	DET
ajeer-5797	381	12	effect	effect	NOUN
ajeer-5797	381	13	of	of	ADP
ajeer-5797	381	14	the	the	DET
ajeer-5797	381	15	ecb	ecb	NOUN
ajeer-5797	381	16	and	and	CCONJ
ajeer-5797	381	17	the	the	DET
ajeer-5797	381	18	us	us	PROPN
ajeer-5797	381	19	fed	feed	VERB
ajeer-5797	381	20	on	on	ADP
ajeer-5797	381	21	noneuro	noneuro	PROPN
ajeer-5797	381	22	eu	eu	PROPN
ajeer-5797	381	23	countries	country	NOUN
ajeer-5797	381	24	.	.	PUNCT
ajeer-5797	382	1	economic	economic	ADJ
ajeer-5797	382	2	systems	system	NOUN
ajeer-5797	382	3	,	,	PUNCT
ajeer-5797	382	4	42(1	42(1	NOUN
ajeer-5797	382	5	)	)	PUNCT
ajeer-5797	382	6	,	,	PUNCT
ajeer-5797	382	7	91	91	NUM
ajeer-5797	382	8	-	-	SYM
ajeer-5797	382	9	105	105	NUM
ajeer-5797	382	10	.	.	PUNCT
ajeer-5797	383	1	https://doi.org/10.1016/j.ecosys.2017.10.001	https://doi.org/10.1016/j.ecosys.2017.10.001	PROPN
ajeer-5797	383	2	hansen	hansen	PROPN
ajeer-5797	383	3	,	,	PUNCT
ajeer-5797	383	4	b.	b.	PROPN
ajeer-5797	383	5	e.	e.	PROPN
ajeer-5797	383	6	(	(	PUNCT
ajeer-5797	383	7	1992	1992	NUM
ajeer-5797	383	8	)	)	PUNCT
ajeer-5797	383	9	.	.	PUNCT
ajeer-5797	384	1	testing	test	VERB
ajeer-5797	384	2	for	for	ADP
ajeer-5797	384	3	parameter	parameter	NOUN
ajeer-5797	384	4	instability	instability	NOUN
ajeer-5797	384	5	in	in	ADP
ajeer-5797	384	6	linear	linear	PROPN
ajeer-5797	384	7	models	model	NOUN
ajeer-5797	384	8	.	.	PUNCT
ajeer-5797	385	1	journal	journal	NOUN
ajeer-5797	385	2	of	of	ADP
ajeer-5797	385	3	policy	policy	NOUN
ajeer-5797	385	4	modeling	modeling	NOUN
ajeer-5797	385	5	,	,	PUNCT
ajeer-5797	385	6	14(4	14(4	NUM
ajeer-5797	385	7	)	)	PUNCT
ajeer-5797	385	8	,	,	PUNCT
ajeer-5797	385	9	517	517	NUM
ajeer-5797	385	10	-	-	SYM
ajeer-5797	385	11	533	533	NUM
ajeer-5797	385	12	.	.	PUNCT
ajeer-5797	386	1	https://doi.org/10.1016/0161-8938(92)90019-9	https://doi.org/10.1016/0161-8938(92)90019-9	PROPN
ajeer-5797	386	2	krippner	krippner	NOUN
ajeer-5797	386	3	,	,	PUNCT
ajeer-5797	386	4	l.	l.	PROPN
ajeer-5797	386	5	(	(	PUNCT
ajeer-5797	386	6	2020	2020	NUM
ajeer-5797	386	7	)	)	PUNCT
ajeer-5797	386	8	.	.	PUNCT
ajeer-5797	387	1	a	a	DET
ajeer-5797	387	2	note	note	NOUN
ajeer-5797	387	3	of	of	ADP
ajeer-5797	387	4	caution	caution	NOUN
ajeer-5797	387	5	on	on	ADP
ajeer-5797	387	6	shadow	shadow	NOUN
ajeer-5797	387	7	rate	rate	NOUN
ajeer-5797	387	8	estimates	estimate	NOUN
ajeer-5797	387	9	.	.	PUNCT
ajeer-5797	388	1	journal	journal	NOUN
ajeer-5797	388	2	of	of	ADP
ajeer-5797	388	3	money	money	NOUN
ajeer-5797	388	4	,	,	PUNCT
ajeer-5797	388	5	credit	credit	NOUN
ajeer-5797	388	6	and	and	CCONJ
ajeer-5797	388	7	banking	banking	NOUN
ajeer-5797	388	8	,	,	PUNCT
ajeer-5797	388	9	52(4	52(4	NUM
ajeer-5797	388	10	)	)	PUNCT
ajeer-5797	388	11	,	,	PUNCT
ajeer-5797	388	12	951	951	NUM
ajeer-5797	388	13	-	-	SYM
ajeer-5797	388	14	962	962	NUM
ajeer-5797	388	15	.	.	PUNCT
ajeer-5797	389	1	https://doi.org/10.1111/jmcb.12613	https://doi.org/10.1111/jmcb.12613	PROPN
ajeer-5797	389	2	kucharčuková	kucharčuková	PROPN
ajeer-5797	389	3	,	,	PUNCT
ajeer-5797	389	4	o.	o.	PROPN
ajeer-5797	389	5	b.	b.	PROPN
ajeer-5797	389	6	,	,	PUNCT
ajeer-5797	389	7	claeys	claey	NOUN
ajeer-5797	389	8	,	,	PUNCT
ajeer-5797	389	9	p.	p.	NOUN
ajeer-5797	389	10	,	,	PUNCT
ajeer-5797	389	11	&	&	CCONJ
ajeer-5797	389	12	vašíček	vašíček	PROPN
ajeer-5797	389	13	,	,	PUNCT
ajeer-5797	389	14	b.	b.	PROPN
ajeer-5797	389	15	(	(	PUNCT
ajeer-5797	389	16	2016	2016	NUM
ajeer-5797	389	17	)	)	PUNCT
ajeer-5797	389	18	.	.	PUNCT
ajeer-5797	390	1	spillover	spillover	VERB
ajeer-5797	390	2	of	of	ADP
ajeer-5797	390	3	the	the	DET
ajeer-5797	390	4	ecb	ecb	NOUN
ajeer-5797	390	5	's	's	PART
ajeer-5797	390	6	monetary	monetary	ADJ
ajeer-5797	390	7	policy	policy	NOUN
ajeer-5797	390	8	outside	outside	ADP
ajeer-5797	390	9	the	the	DET
ajeer-5797	390	10	euro	euro	PROPN
ajeer-5797	390	11	area	area	NOUN
ajeer-5797	390	12	:	:	PUNCT
ajeer-5797	390	13	how	how	SCONJ
ajeer-5797	390	14	different	different	ADJ
ajeer-5797	390	15	is	be	AUX
ajeer-5797	390	16	conventional	conventional	ADJ
ajeer-5797	390	17	from	from	ADP
ajeer-5797	390	18	unconventional	unconventional	ADJ
ajeer-5797	390	19	policy	policy	NOUN
ajeer-5797	390	20	?	?	PUNCT
ajeer-5797	391	1	journal	journal	NOUN
ajeer-5797	391	2	of	of	ADP
ajeer-5797	391	3	policy	policy	NOUN
ajeer-5797	391	4	modeling	modeling	NOUN
ajeer-5797	391	5	,	,	PUNCT
ajeer-5797	391	6	38(2	38(2	NOUN
ajeer-5797	391	7	)	)	PUNCT
ajeer-5797	391	8	,	,	PUNCT
ajeer-5797	391	9	199	199	NUM
ajeer-5797	391	10	-	-	SYM
ajeer-5797	391	11	225	225	NUM
ajeer-5797	391	12	.	.	PUNCT
ajeer-5797	392	1	https://doi.org/10.1016/j.jpolmod.2016.02.002	https://doi.org/10.1016/j.jpolmod.2016.02.002	PROPN
ajeer-5797	392	2	liu	liu	PROPN
ajeer-5797	392	3	,	,	PUNCT
ajeer-5797	392	4	y.	y.	PROPN
ajeer-5797	392	5	,	,	PUNCT
ajeer-5797	392	6	&	&	CCONJ
ajeer-5797	392	7	morley	morley	PROPN
ajeer-5797	392	8	,	,	PUNCT
ajeer-5797	392	9	j.	j.	PROPN
ajeer-5797	392	10	(	(	PUNCT
ajeer-5797	392	11	2014	2014	NUM
ajeer-5797	392	12	)	)	PUNCT
ajeer-5797	392	13	.	.	PUNCT
ajeer-5797	393	1	structural	structural	ADJ
ajeer-5797	393	2	evolution	evolution	NOUN
ajeer-5797	393	3	of	of	ADP
ajeer-5797	393	4	the	the	DET
ajeer-5797	393	5	postwar	postwar	ADJ
ajeer-5797	393	6	us	us	PROPN
ajeer-5797	393	7	economy	economy	NOUN
ajeer-5797	393	8	.	.	PUNCT
ajeer-5797	394	1	journal	journal	NOUN
ajeer-5797	394	2	of	of	ADP
ajeer-5797	394	3	economic	economic	ADJ
ajeer-5797	394	4	dynamics	dynamic	NOUN
ajeer-5797	394	5	and	and	CCONJ
ajeer-5797	394	6	control	control	NOUN
ajeer-5797	394	7	,	,	PUNCT
ajeer-5797	394	8	42	42	NUM
ajeer-5797	394	9	,	,	PUNCT
ajeer-5797	394	10	50	50	NUM
ajeer-5797	394	11	-	-	SYM
ajeer-5797	394	12	68	68	NUM
ajeer-5797	394	13	.	.	PUNCT
ajeer-5797	395	1	mumtaz	mumtaz	PROPN
ajeer-5797	395	2	,	,	PUNCT
ajeer-5797	395	3	h.	h.	PROPN
ajeer-5797	395	4	,	,	PUNCT
ajeer-5797	395	5	&	&	CCONJ
ajeer-5797	395	6	theodoridis	theodoridis	PROPN
ajeer-5797	395	7	,	,	PUNCT
ajeer-5797	395	8	k.	k.	PROPN
ajeer-5797	395	9	(	(	PUNCT
ajeer-5797	395	10	2020	2020	NUM
ajeer-5797	395	11	)	)	PUNCT
ajeer-5797	395	12	.	.	PUNCT
ajeer-5797	396	1	dynamic	dynamic	ADJ
ajeer-5797	396	2	effects	effect	NOUN
ajeer-5797	396	3	of	of	ADP
ajeer-5797	396	4	monetary	monetary	ADJ
ajeer-5797	396	5	policy	policy	NOUN
ajeer-5797	396	6	shocks	shock	NOUN
ajeer-5797	396	7	on	on	ADP
ajeer-5797	396	8	macroeconomic	macroeconomic	ADJ
ajeer-5797	396	9	volatility	volatility	NOUN
ajeer-5797	396	10	.	.	PUNCT
ajeer-5797	397	1	journal	journal	NOUN
ajeer-5797	397	2	of	of	ADP
ajeer-5797	397	3	monetary	monetary	ADJ
ajeer-5797	397	4	economics	economic	NOUN
ajeer-5797	397	5	,	,	PUNCT
ajeer-5797	397	6	114	114	NUM
ajeer-5797	397	7	,	,	PUNCT
ajeer-5797	397	8	262	262	NUM
ajeer-5797	397	9	-	-	SYM
ajeer-5797	397	10	282	282	NUM
ajeer-5797	397	11	.	.	PUNCT
ajeer-5797	398	1	https://doi.org/10.1016/j.jmoneco.2019.03.011	https://doi.org/10.1016/j.jmoneco.2019.03.011	NOUN
ajeer-5797	398	2	pesaran	pesaran	NOUN
ajeer-5797	398	3	,	,	PUNCT
ajeer-5797	398	4	m.	m.	NOUN
ajeer-5797	398	5	h.	h.	PROPN
ajeer-5797	398	6	(	(	PUNCT
ajeer-5797	398	7	1997	1997	NUM
ajeer-5797	398	8	)	)	PUNCT
ajeer-5797	398	9	.	.	PUNCT
ajeer-5797	399	1	the	the	DET
ajeer-5797	399	2	role	role	NOUN
ajeer-5797	399	3	of	of	ADP
ajeer-5797	399	4	economic	economic	ADJ
ajeer-5797	399	5	theory	theory	NOUN
ajeer-5797	399	6	in	in	ADP
ajeer-5797	399	7	modelling	model	VERB
ajeer-5797	399	8	the	the	DET
ajeer-5797	399	9	long	long	ADJ
ajeer-5797	399	10	run	run	NOUN
ajeer-5797	399	11	.	.	PUNCT
ajeer-5797	400	1	the	the	DET
ajeer-5797	400	2	economic	economic	ADJ
ajeer-5797	400	3	journal	journal	NOUN
ajeer-5797	400	4	,	,	PUNCT
ajeer-5797	400	5	107(440	107(440	NUM
ajeer-5797	400	6	)	)	PUNCT
ajeer-5797	400	7	,	,	PUNCT
ajeer-5797	400	8	178	178	NUM
ajeer-5797	400	9	-	-	SYM
ajeer-5797	400	10	191	191	NUM
ajeer-5797	400	11	.	.	PUNCT
ajeer-5797	401	1	https://doi.org/10.1111/1468-0297.00151	https://doi.org/10.1111/1468-0297.00151	PROPN
ajeer-5797	401	2	salisu	salisu	PROPN
ajeer-5797	401	3	,	,	PUNCT
ajeer-5797	401	4	a.	a.	NOUN
ajeer-5797	401	5	a.	a.	PROPN
ajeer-5797	401	6	,	,	PUNCT
ajeer-5797	401	7	&	&	CCONJ
ajeer-5797	401	8	gupta	gupta	PROPN
ajeer-5797	401	9	,	,	PUNCT
ajeer-5797	401	10	r.	r.	PROPN
ajeer-5797	401	11	(	(	PUNCT
ajeer-5797	401	12	2021	2021	NUM
ajeer-5797	401	13	)	)	PUNCT
ajeer-5797	401	14	.	.	PUNCT
ajeer-5797	402	1	dynamic	dynamic	ADJ
ajeer-5797	402	2	effects	effect	NOUN
ajeer-5797	402	3	of	of	ADP
ajeer-5797	402	4	monetary	monetary	ADJ
ajeer-5797	402	5	policy	policy	NOUN
ajeer-5797	402	6	shocks	shock	NOUN
ajeer-5797	402	7	on	on	ADP
ajeer-5797	402	8	macroeconomic	macroeconomic	ADJ
ajeer-5797	402	9	volatility	volatility	NOUN
ajeer-5797	402	10	in	in	ADP
ajeer-5797	402	11	the	the	DET
ajeer-5797	402	12	united	united	ADJ
ajeer-5797	402	13	kingdom	kingdom	PROPN
ajeer-5797	402	14	.	.	PUNCT
ajeer-5797	403	1	applied	apply	VERB
ajeer-5797	403	2	economics	economic	NOUN
ajeer-5797	403	3	letters	letter	NOUN
ajeer-5797	403	4	,	,	PUNCT
ajeer-5797	403	5	28(18	28(18	NUM
ajeer-5797	403	6	)	)	PUNCT
ajeer-5797	403	7	,	,	PUNCT
ajeer-5797	403	8	1594	1594	NUM
ajeer-5797	403	9	-	-	SYM
ajeer-5797	403	10	1599	1599	NUM
ajeer-5797	403	11	.	.	PUNCT
ajeer-5797	404	1	https://doi.org/10.1080/13504851.2020.1834498	https://doi.org/10.1080/13504851.2020.1834498	PRON
ajeer-5797	404	2	sargan	sargan	PROPN
ajeer-5797	404	3	,	,	PUNCT
ajeer-5797	404	4	j.	j.	PROPN
ajeer-5797	404	5	,	,	PUNCT
ajeer-5797	404	6	&	&	CCONJ
ajeer-5797	404	7	bhargava	bhargava	PROPN
ajeer-5797	404	8	,	,	PUNCT
ajeer-5797	404	9	a.	a.	NOUN
ajeer-5797	404	10	(	(	PUNCT
ajeer-5797	404	11	1983	1983	NUM
ajeer-5797	404	12	)	)	PUNCT
ajeer-5797	404	13	.	.	PUNCT
ajeer-5797	405	1	testing	test	VERB
ajeer-5797	405	2	residuals	residual	NOUN
ajeer-5797	405	3	from	from	ADP
ajeer-5797	405	4	least	least	ADJ
ajeer-5797	405	5	squares	square	NOUN
ajeer-5797	405	6	regression	regression	NOUN
ajeer-5797	405	7	for	for	ADP
ajeer-5797	405	8	being	be	AUX
ajeer-5797	405	9	generated	generate	VERB
ajeer-5797	405	10	by	by	ADP
ajeer-5797	405	11	the	the	DET
ajeer-5797	405	12	gaussian	gaussian	ADJ
ajeer-5797	405	13	random	random	ADJ
ajeer-5797	405	14	walk	walk	NOUN
ajeer-5797	405	15	.	.	PUNCT
ajeer-5797	406	1	econometrica	econometrica	PROPN
ajeer-5797	406	2	,	,	PUNCT
ajeer-5797	406	3	51(1	51(1	NUM
ajeer-5797	406	4	)	)	PUNCT
ajeer-5797	406	5	,	,	PUNCT
ajeer-5797	406	6	153	153	NUM
ajeer-5797	406	7	-	-	SYM
ajeer-5797	406	8	174	174	NUM
ajeer-5797	406	9	.	.	PUNCT
ajeer-5797	407	1	https://doi.org/10.2307/1912252	https://doi.org/10.2307/1912252	PROPN
ajeer-5797	407	2	shephard	shephard	PROPN
ajeer-5797	407	3	,	,	PUNCT
ajeer-5797	407	4	n.	n.	PROPN
ajeer-5797	407	5	g.	g.	PROPN
ajeer-5797	407	6	,	,	PUNCT
ajeer-5797	407	7	&	&	CCONJ
ajeer-5797	407	8	harvey	harvey	PROPN
ajeer-5797	407	9	,	,	PUNCT
ajeer-5797	407	10	a.	a.	PROPN
ajeer-5797	407	11	c.	c.	PROPN
ajeer-5797	407	12	(	(	PUNCT
ajeer-5797	407	13	1990	1990	NUM
ajeer-5797	407	14	)	)	PUNCT
ajeer-5797	407	15	.	.	PUNCT
ajeer-5797	408	1	on	on	ADP
ajeer-5797	408	2	the	the	DET
ajeer-5797	408	3	probability	probability	NOUN
ajeer-5797	408	4	of	of	ADP
ajeer-5797	408	5	estimating	estimate	VERB
ajeer-5797	408	6	a	a	DET
ajeer-5797	408	7	deterministic	deterministic	ADJ
ajeer-5797	408	8	component	component	NOUN
ajeer-5797	408	9	in	in	ADP
ajeer-5797	408	10	the	the	DET
ajeer-5797	408	11	local	local	ADJ
ajeer-5797	408	12	level	level	NOUN
ajeer-5797	408	13	model	model	NOUN
ajeer-5797	408	14	.	.	PUNCT
ajeer-5797	409	1	journal	journal	PROPN
ajeer-5797	409	2	of	of	ADP
ajeer-5797	409	3	time	time	NOUN
ajeer-5797	409	4	series	series	PROPN
ajeer-5797	409	5	analysis	analysis	NOUN
ajeer-5797	409	6	,	,	PUNCT
ajeer-5797	409	7	11(4	11(4	NUM
ajeer-5797	409	8	)	)	PUNCT
ajeer-5797	409	9	,	,	PUNCT
ajeer-5797	409	10	339	339	NUM
ajeer-5797	409	11	-	-	SYM
ajeer-5797	409	12	347	347	NUM
ajeer-5797	409	13	.	.	PUNCT
ajeer-5797	410	1	https://doi.org/10.1111/j.1467-9892.1990.tb00062.x	https://doi.org/10.1111/j.1467-9892.1990.tb00062.x	PROPN
ajeer-5797	410	2	shin	shin	PROPN
ajeer-5797	410	3	,	,	PUNCT
ajeer-5797	410	4	h.	h.	PROPN
ajeer-5797	410	5	s.	s.	PROPN
ajeer-5797	410	6	(	(	PUNCT
ajeer-5797	410	7	2014	2014	NUM
ajeer-5797	410	8	)	)	PUNCT
ajeer-5797	410	9	.	.	PUNCT
ajeer-5797	411	1	the	the	DET
ajeer-5797	411	2	second	second	ADJ
ajeer-5797	411	3	phase	phase	NOUN
ajeer-5797	411	4	of	of	ADP
ajeer-5797	411	5	global	global	ADJ
ajeer-5797	411	6	liquidity	liquidity	NOUN
ajeer-5797	411	7	and	and	CCONJ
ajeer-5797	411	8	its	its	PRON
ajeer-5797	411	9	impact	impact	NOUN
ajeer-5797	411	10	on	on	ADP
ajeer-5797	411	11	emerging	emerge	VERB
ajeer-5797	411	12	economies	economy	NOUN
ajeer-5797	411	13	.	.	PUNCT
ajeer-5797	412	1	in	in	ADP
ajeer-5797	412	2	volatile	volatile	ADJ
ajeer-5797	412	3	capital	capital	NOUN
ajeer-5797	412	4	flows	flow	NOUN
ajeer-5797	412	5	in	in	ADP
ajeer-5797	412	6	korea	korea	PROPN
ajeer-5797	412	7	:	:	PUNCT
ajeer-5797	412	8	current	current	ADJ
ajeer-5797	412	9	policies	policy	NOUN
ajeer-5797	412	10	and	and	CCONJ
ajeer-5797	412	11	future	future	ADJ
ajeer-5797	412	12	responses	response	NOUN
ajeer-5797	412	13	.	.	PUNCT
ajeer-5797	413	1	in	in	ADP
ajeer-5797	413	2	(	(	PUNCT
ajeer-5797	413	3	pp	pp	ADJ
ajeer-5797	413	4	.	.	PUNCT
ajeer-5797	413	5	247	247	NUM
ajeer-5797	413	6	-	-	SYM
ajeer-5797	413	7	257	257	NUM
ajeer-5797	413	8	)	)	PUNCT
ajeer-5797	413	9	.	.	PUNCT
ajeer-5797	414	1	new	new	PROPN
ajeer-5797	414	2	york	york	PROPN
ajeer-5797	414	3	:	:	PUNCT
ajeer-5797	414	4	palgrave	palgrave	PROPN
ajeer-5797	414	5	macmillan	macmillan	PROPN
ajeer-5797	414	6	us	us	PROPN
ajeer-5797	414	7	.	.	PUNCT
ajeer-5797	415	1	stock	stock	PROPN
ajeer-5797	415	2	,	,	PUNCT
ajeer-5797	415	3	j.	j.	PROPN
ajeer-5797	415	4	h.	h.	PROPN
ajeer-5797	415	5	,	,	PUNCT
ajeer-5797	415	6	&	&	CCONJ
ajeer-5797	415	7	watson	watson	PROPN
ajeer-5797	415	8	,	,	PUNCT
ajeer-5797	415	9	m.	m.	PROPN
ajeer-5797	415	10	w.	w.	PROPN
ajeer-5797	415	11	(	(	PUNCT
ajeer-5797	415	12	1998	1998	NUM
ajeer-5797	415	13	)	)	PUNCT
ajeer-5797	415	14	.	.	PUNCT
ajeer-5797	416	1	median	median	ADJ
ajeer-5797	416	2	unbiased	unbiased	ADJ
ajeer-5797	416	3	estimation	estimation	NOUN
ajeer-5797	416	4	of	of	ADP
ajeer-5797	416	5	coefficient	coefficient	ADJ
ajeer-5797	416	6	variance	variance	NOUN
ajeer-5797	416	7	in	in	ADP
ajeer-5797	416	8	a	a	DET
ajeer-5797	416	9	time	time	NOUN
ajeer-5797	416	10	-	-	PUNCT
ajeer-5797	416	11	varying	vary	VERB
ajeer-5797	416	12	parameter	parameter	NOUN
ajeer-5797	416	13	model	model	NOUN
ajeer-5797	416	14	.	.	PUNCT
ajeer-5797	417	1	journal	journal	PROPN
ajeer-5797	417	2	of	of	ADP
ajeer-5797	417	3	the	the	DET
ajeer-5797	417	4	american	american	PROPN
ajeer-5797	417	5	statistical	statistical	PROPN
ajeer-5797	417	6	association	association	PROPN
ajeer-5797	417	7	,	,	PUNCT
ajeer-5797	417	8	93(441	93(441	NOUN
ajeer-5797	417	9	)	)	PUNCT
ajeer-5797	417	10	,	,	PUNCT
ajeer-5797	417	11	349	349	NUM
ajeer-5797	417	12	-	-	SYM
ajeer-5797	417	13	358	358	NUM
ajeer-5797	417	14	.	.	PUNCT
ajeer-5797	418	1	https://doi.org/10.2307/2669631	https://doi.org/10.2307/2669631	PROPN
ajeer-5797	418	2	tillmann	tillmann	PROPN
ajeer-5797	418	3	,	,	PUNCT
ajeer-5797	418	4	p.	p.	PROPN
ajeer-5797	418	5	,	,	PUNCT
ajeer-5797	418	6	kim	kim	PROPN
ajeer-5797	418	7	,	,	PUNCT
ajeer-5797	418	8	g.	g.	PROPN
ajeer-5797	418	9	y.	y.	PROPN
ajeer-5797	418	10	,	,	PUNCT
ajeer-5797	418	11	&	&	CCONJ
ajeer-5797	418	12	park	park	PROPN
ajeer-5797	418	13	,	,	PUNCT
ajeer-5797	418	14	h.	h.	PROPN
ajeer-5797	418	15	(	(	PUNCT
ajeer-5797	418	16	2019	2019	NUM
ajeer-5797	418	17	)	)	PUNCT
ajeer-5797	418	18	.	.	PUNCT
ajeer-5797	419	1	the	the	DET
ajeer-5797	419	2	spillover	spillover	NOUN
ajeer-5797	419	3	effects	effect	NOUN
ajeer-5797	419	4	of	of	ADP
ajeer-5797	419	5	us	we	PRON
ajeer-5797	419	6	monetary	monetary	ADJ
ajeer-5797	419	7	policy	policy	NOUN
ajeer-5797	419	8	on	on	ADP
ajeer-5797	419	9	emerging	emerge	VERB
ajeer-5797	419	10	market	market	NOUN
ajeer-5797	419	11	economies	economy	NOUN
ajeer-5797	419	12	.	.	PUNCT
ajeer-5797	420	1	international	international	ADJ
ajeer-5797	420	2	journal	journal	PROPN
ajeer-5797	420	3	of	of	ADP
ajeer-5797	420	4	finance	finance	PROPN
ajeer-5797	420	5	&	&	CCONJ
ajeer-5797	420	6	economics	economic	NOUN
ajeer-5797	420	7	,	,	PUNCT
ajeer-5797	420	8	24(3	24(3	NUM
ajeer-5797	420	9	)	)	PUNCT
ajeer-5797	420	10	,	,	PUNCT
ajeer-5797	420	11	1313	1313	NUM
ajeer-5797	420	12	-	-	SYM
ajeer-5797	420	13	1332	1332	NUM
ajeer-5797	420	14	.	.	PUNCT
ajeer-5797	421	1	asian	asian	ADJ
ajeer-5797	421	2	online	online	PROPN
ajeer-5797	421	3	journal	journal	PROPN
ajeer-5797	421	4	publishing	publishing	NOUN
ajeer-5797	421	5	group	group	NOUN
ajeer-5797	421	6	is	be	AUX
ajeer-5797	421	7	not	not	PART
ajeer-5797	421	8	responsible	responsible	ADJ
ajeer-5797	421	9	or	or	CCONJ
ajeer-5797	421	10	answerable	answerable	ADJ
ajeer-5797	421	11	for	for	ADP
ajeer-5797	421	12	any	any	DET
ajeer-5797	421	13	loss	loss	NOUN
ajeer-5797	421	14	,	,	PUNCT
ajeer-5797	421	15	damage	damage	NOUN
ajeer-5797	421	16	or	or	CCONJ
ajeer-5797	421	17	liability	liability	NOUN
ajeer-5797	421	18	,	,	PUNCT
ajeer-5797	421	19	etc	etc	X
ajeer-5797	421	20	.	.	X
ajeer-5797	421	21	caused	cause	VERB
ajeer-5797	421	22	in	in	ADP
ajeer-5797	421	23	relation	relation	NOUN
ajeer-5797	421	24	to	to	PART
ajeer-5797	421	25	/	/	PUNCT
ajeer-5797	421	26	arising	arise	VERB
ajeer-5797	421	27	out	out	ADP
ajeer-5797	421	28	of	of	ADP
ajeer-5797	421	29	the	the	DET
ajeer-5797	421	30	use	use	NOUN
ajeer-5797	421	31	of	of	ADP
ajeer-5797	421	32	the	the	DET
ajeer-5797	421	33	content	content	NOUN
ajeer-5797	421	34	.	.	PUNCT
ajeer-5797	422	1	any	any	DET
ajeer-5797	422	2	queries	query	NOUN
ajeer-5797	422	3	should	should	AUX
ajeer-5797	422	4	be	be	AUX
ajeer-5797	422	5	directed	direct	VERB
ajeer-5797	422	6	to	to	ADP
ajeer-5797	422	7	the	the	DET
ajeer-5797	422	8	corresponding	corresponding	ADJ
ajeer-5797	422	9	author	author	NOUN
ajeer-5797	422	10	of	of	ADP
ajeer-5797	422	11	the	the	DET
ajeer-5797	422	12	article	article	NOUN
ajeer-5797	422	13	.	.	PUNCT
ajeer-5797	423	1	https://doi.org/10.1016/j.jce.2005.11.004	https://doi.org/10.1016/j.jce.2005.11.004	PROPN
ajeer-5797	423	2	https://doi.org/10.1016/j.iref.2022.08.005	https://doi.org/10.1016/j.iref.2022.08.005	VERB
ajeer-5797	423	3	https://doi.org/10.1016/j.jimonfin.2018.08.009	https://doi.org/10.1016/j.jimonfin.2018.08.009	NUM
ajeer-5797	423	4	https://doi.org/10.1016/j.ecosys.2017.10.001	https://doi.org/10.1016/j.ecosys.2017.10.001	NOUN
ajeer-5797	423	5	https://doi.org/10.1016/0161-8938(92)90019-9	https://doi.org/10.1016/0161-8938(92)90019-9	PROPN
ajeer-5797	423	6	https://doi.org/10.1111/jmcb.12613	https://doi.org/10.1111/jmcb.12613	NOUN
ajeer-5797	423	7	https://doi.org/10.1016/j.jpolmod.2016.02.002	https://doi.org/10.1016/j.jpolmod.2016.02.002	NOUN
ajeer-5797	423	8	https://doi.org/10.1016/j.jmoneco.2019.03.011	https://doi.org/10.1016/j.jmoneco.2019.03.011	NOUN
ajeer-5797	423	9	https://doi.org/10.1111/1468-0297.00151	https://doi.org/10.1111/1468-0297.00151	VERB
ajeer-5797	424	1	https://doi.org/10.1080/13504851.2020.1834498	https://doi.org/10.1080/13504851.2020.1834498	PROPN
ajeer-5797	424	2	https://doi.org/10.2307/1912252	https://doi.org/10.2307/1912252	NOUN
ajeer-5797	425	1	https://doi.org/10.1111/j.1467-9892.1990.tb00062.x	https://doi.org/10.1111/j.1467-9892.1990.tb00062.x	PROPN
ajeer-5797	425	2	https://doi.org/10.2307/2669631	https://doi.org/10.2307/2669631	PROPN