id sid tid token lemma pos issue-26 1 1 baltic baltic PROPN issue-26 1 2 journal journal PROPN issue-26 1 3 of of ADP issue-26 1 4 economic economic ADJ issue-26 1 5 studies study NOUN issue-26 1 6 147 147 NUM issue-26 1 7 vol vol NOUN issue-26 1 8 . . PROPN issue-26 1 9 1 1 NUM issue-26 1 10 , , PUNCT issue-26 1 11 2015 2015 NUM issue-26 1 12 features feature NOUN issue-26 1 13 of of ADP issue-26 1 14 influence influence NOUN issue-26 1 15 of of ADP issue-26 1 16 macroeconomic macroeconomic ADJ issue-26 1 17 measures measure NOUN issue-26 1 18 of of ADP issue-26 1 19 transformation transformation NOUN issue-26 1 20 on on ADP issue-26 1 21 the the DET issue-26 1 22 state state NOUN issue-26 1 23 debt debt NOUN issue-26 1 24 policy policy NOUN issue-26 1 25 roman roman ADJ issue-26 1 26 rudyk1 rudyk1 PROPN issue-26 1 27 , , PUNCT issue-26 1 28 taras taras PROPN issue-26 1 29 shevchenko shevchenko PROPN issue-26 1 30 national national PROPN issue-26 1 31 university university PROPN issue-26 1 32 of of ADP issue-26 1 33 kyiv kyiv PROPN issue-26 1 34 , , PUNCT issue-26 1 35 ukraine ukraine ADJ issue-26 1 36 abstract abstract NOUN issue-26 1 37 . . PUNCT issue-26 2 1 the the DET issue-26 2 2 objective objective NOUN issue-26 2 3 is be AUX issue-26 2 4 to to PART issue-26 2 5 study study VERB issue-26 2 6 the the DET issue-26 2 7 relationship relationship NOUN issue-26 2 8 between between ADP issue-26 2 9 the the DET issue-26 2 10 debt debt NOUN issue-26 2 11 policy policy NOUN issue-26 2 12 and and CCONJ issue-26 2 13 vector vector NOUN issue-26 2 14 of of ADP issue-26 2 15 macroeconomic macroeconomic ADJ issue-26 2 16 measures measure NOUN issue-26 2 17 which which PRON issue-26 2 18 is be AUX issue-26 2 19 reflected reflect VERB issue-26 2 20 in in ADP issue-26 2 21 the the DET issue-26 2 22 transformation transformation NOUN issue-26 2 23 of of ADP issue-26 2 24 structure structure NOUN issue-26 2 25 of of ADP issue-26 2 26 budget budget NOUN issue-26 2 27 deficiency deficiency NOUN issue-26 2 28 payments payment NOUN issue-26 2 29 . . PUNCT issue-26 3 1 also also ADV issue-26 3 2 , , PUNCT issue-26 3 3 the the DET issue-26 3 4 article article NOUN issue-26 3 5 defines define VERB issue-26 3 6 and and CCONJ issue-26 3 7 characterizes characterize VERB issue-26 3 8 three three NUM issue-26 3 9 main main ADJ issue-26 3 10 phases phase NOUN issue-26 3 11 of of ADP issue-26 3 12 the the DET issue-26 3 13 government government NOUN issue-26 3 14 debt debt NOUN issue-26 3 15 policy policy NOUN issue-26 3 16 : : PUNCT issue-26 3 17 pre pre ADJ issue-26 3 18 - - NOUN issue-26 3 19 stabilization stabilization NOUN issue-26 3 20 , , PUNCT issue-26 3 21 stabilization stabilization NOUN issue-26 3 22 and and CCONJ issue-26 3 23 post post NOUN issue-26 3 24 - - NOUN issue-26 3 25 stabilization stabilization NOUN issue-26 3 26 . . PUNCT issue-26 4 1 the the DET issue-26 4 2 author author NOUN issue-26 4 3 analyzes analyze VERB issue-26 4 4 main main ADJ issue-26 4 5 aspects aspect NOUN issue-26 4 6 of of ADP issue-26 4 7 the the DET issue-26 4 8 relationship relationship NOUN issue-26 4 9 between between ADP issue-26 4 10 dept dept NOUN issue-26 4 11 policy policy NOUN issue-26 4 12 and and CCONJ issue-26 4 13 monetary monetary ADJ issue-26 4 14 one one NUM issue-26 4 15 . . PUNCT issue-26 5 1 methodology methodology NOUN issue-26 5 2 . . PUNCT issue-26 6 1 the the DET issue-26 6 2 study study NOUN issue-26 6 3 is be AUX issue-26 6 4 based base VERB issue-26 6 5 on on ADP issue-26 6 6 the the DET issue-26 6 7 works work NOUN issue-26 6 8 of of ADP issue-26 6 9 domestic domestic ADJ issue-26 6 10 and and CCONJ issue-26 6 11 foreign foreign ADJ issue-26 6 12 scientists scientist NOUN issue-26 6 13 engaged engage VERB issue-26 6 14 in in ADP issue-26 6 15 research research NOUN issue-26 6 16 of of ADP issue-26 6 17 the the DET issue-26 6 18 given give VERB issue-26 6 19 problem problem NOUN issue-26 6 20 . . PUNCT issue-26 7 1 theoretical theoretical ADJ issue-26 7 2 concepts concept NOUN issue-26 7 3 are be AUX issue-26 7 4 supported support VERB issue-26 7 5 by by ADP issue-26 7 6 statistical statistical ADJ issue-26 7 7 data datum NOUN issue-26 7 8 of of ADP issue-26 7 9 key key ADJ issue-26 7 10 macroeconomic macroeconomic ADJ issue-26 7 11 indicators indicator NOUN issue-26 7 12 of of ADP issue-26 7 13 ukraine ukraine PROPN issue-26 7 14 ’s ’s PART issue-26 7 15 economy economy NOUN issue-26 7 16 . . PUNCT issue-26 8 1 results result NOUN issue-26 8 2 of of ADP issue-26 8 3 the the DET issue-26 8 4 survey survey NOUN issue-26 8 5 showed show VERB issue-26 8 6 that that SCONJ issue-26 8 7 the the DET issue-26 8 8 relationship relationship NOUN issue-26 8 9 between between ADP issue-26 8 10 the the DET issue-26 8 11 debt debt NOUN issue-26 8 12 policy policy NOUN issue-26 8 13 and and CCONJ issue-26 8 14 measures measure NOUN issue-26 8 15 of of ADP issue-26 8 16 macro macro NOUN issue-26 8 17 - - NOUN issue-26 8 18 regulation regulation NOUN issue-26 8 19 during during ADP issue-26 8 20 the the DET issue-26 8 21 transformation transformation NOUN issue-26 8 22 has have VERB issue-26 8 23 the the DET issue-26 8 24 stable stable ADJ issue-26 8 25 and and CCONJ issue-26 8 26 permanent permanent ADJ issue-26 8 27 nature nature NOUN issue-26 8 28 , , PUNCT issue-26 8 29 and and CCONJ issue-26 8 30 the the DET issue-26 8 31 use use NOUN issue-26 8 32 of of ADP issue-26 8 33 certain certain ADJ issue-26 8 34 instruments instrument NOUN issue-26 8 35 of of ADP issue-26 8 36 government government NOUN issue-26 8 37 debt debt NOUN issue-26 8 38 management management NOUN issue-26 8 39 is be AUX issue-26 8 40 exclusively exclusively ADV issue-26 8 41 possible possible ADJ issue-26 8 42 for for ADP issue-26 8 43 a a DET issue-26 8 44 definite definite ADJ issue-26 8 45 direction direction NOUN issue-26 8 46 of of ADP issue-26 8 47 macro macro ADJ issue-26 8 48 policy policy NOUN issue-26 8 49 on on ADP issue-26 8 50 the the DET issue-26 8 51 one one NUM issue-26 8 52 hand hand NOUN issue-26 8 53 , , PUNCT issue-26 8 54 and and CCONJ issue-26 8 55 they they PRON issue-26 8 56 are be AUX issue-26 8 57 the the DET issue-26 8 58 elements element NOUN issue-26 8 59 in in ADP issue-26 8 60 the the DET issue-26 8 61 system system NOUN issue-26 8 62 of of ADP issue-26 8 63 measures measure NOUN issue-26 8 64 for for ADP issue-26 8 65 its its PRON issue-26 8 66 implementation implementation NOUN issue-26 8 67 on on ADP issue-26 8 68 the the DET issue-26 8 69 other other ADJ issue-26 8 70 hand hand NOUN issue-26 8 71 . . PUNCT issue-26 9 1 in in ADP issue-26 9 2 the the DET issue-26 9 3 pre pre ADJ issue-26 9 4 - - ADJ issue-26 9 5 stabilization stabilization ADJ issue-26 9 6 phase phase NOUN issue-26 9 7 of of ADP issue-26 9 8 transformation transformation NOUN issue-26 9 9 the the DET issue-26 9 10 debt debt NOUN issue-26 9 11 policy policy NOUN issue-26 9 12 synthesizes synthesize VERB issue-26 9 13 the the DET issue-26 9 14 expansive expansive ADJ issue-26 9 15 solutions solution NOUN issue-26 9 16 of of ADP issue-26 9 17 monetary monetary ADJ issue-26 9 18 and and CCONJ issue-26 9 19 fiscal fiscal ADJ issue-26 9 20 authorities authority NOUN issue-26 9 21 , , PUNCT issue-26 9 22 and and CCONJ issue-26 9 23 a a DET issue-26 9 24 direct direct ADJ issue-26 9 25 link link NOUN issue-26 9 26 between between ADP issue-26 9 27 them they PRON issue-26 9 28 mediate mediate VERB issue-26 9 29 the the DET issue-26 9 30 expansion expansion NOUN issue-26 9 31 of of ADP issue-26 9 32 demand demand NOUN issue-26 9 33 in in ADP issue-26 9 34 the the DET issue-26 9 35 public public ADJ issue-26 9 36 sector sector NOUN issue-26 9 37 and and CCONJ issue-26 9 38 the the DET issue-26 9 39 preservation preservation NOUN issue-26 9 40 of of ADP issue-26 9 41 soft soft ADJ issue-26 9 42 budget budget NOUN issue-26 9 43 constraints constraint NOUN issue-26 9 44 for for ADP issue-26 9 45 micro micro NOUN issue-26 9 46 - - NOUN issue-26 9 47 units unit NOUN issue-26 9 48 ; ; PUNCT issue-26 9 49 in in ADP issue-26 9 50 the the DET issue-26 9 51 stabilization stabilization NOUN issue-26 9 52 phase phase NOUN issue-26 9 53 the the DET issue-26 9 54 relationship relationship NOUN issue-26 9 55 between between ADP issue-26 9 56 fiscal fiscal ADJ issue-26 9 57 , , PUNCT issue-26 9 58 monetary monetary ADJ issue-26 9 59 and and CCONJ issue-26 9 60 debt debt NOUN issue-26 9 61 policy policy NOUN issue-26 9 62 becomes become VERB issue-26 9 63 more more ADV issue-26 9 64 indirect indirect ADJ issue-26 9 65 , , PUNCT issue-26 9 66 but but CCONJ issue-26 9 67 are be AUX issue-26 9 68 direct direct ADJ issue-26 9 69 in in ADP issue-26 9 70 that that DET issue-26 9 71 part part NOUN issue-26 9 72 of of ADP issue-26 9 73 the the DET issue-26 9 74 borrowing borrowing NOUN issue-26 9 75 purposes purpose NOUN issue-26 9 76 , , PUNCT issue-26 9 77 subordinated subordinate VERB issue-26 9 78 to to ADP issue-26 9 79 the the DET issue-26 9 80 creation creation NOUN issue-26 9 81 of of ADP issue-26 9 82 macro macro ADJ issue-26 9 83 - - NOUN issue-26 9 84 stabilization stabilization NOUN issue-26 9 85 mechanism mechanism NOUN issue-26 9 86 of of ADP issue-26 9 87 transformation transformation NOUN issue-26 9 88 ; ; PUNCT issue-26 9 89 in in ADP issue-26 9 90 the the DET issue-26 9 91 poststabilization poststabilization NOUN issue-26 9 92 period period NOUN issue-26 9 93 the the DET issue-26 9 94 role role NOUN issue-26 9 95 of of ADP issue-26 9 96 indirect indirect ADJ issue-26 9 97 interconnection interconnection NOUN issue-26 9 98 between between ADP issue-26 9 99 the the DET issue-26 9 100 debt debt NOUN issue-26 9 101 measures measure NOUN issue-26 9 102 and and CCONJ issue-26 9 103 fiscal fiscal ADJ issue-26 9 104 and and CCONJ issue-26 9 105 monetary monetary ADJ issue-26 9 106 decisions decision NOUN issue-26 9 107 increases increase NOUN issue-26 9 108 , , PUNCT issue-26 9 109 but but CCONJ issue-26 9 110 the the DET issue-26 9 111 lack lack NOUN issue-26 9 112 of of ADP issue-26 9 113 a a DET issue-26 9 114 deep deep ADJ issue-26 9 115 micro micro NOUN issue-26 9 116 - - NOUN issue-26 9 117 restructuring restructuring ADJ issue-26 9 118 and and CCONJ issue-26 9 119 deep deep ADJ issue-26 9 120 systemic systemic ADJ issue-26 9 121 and and CCONJ issue-26 9 122 structural structural ADJ issue-26 9 123 reforms reform NOUN issue-26 9 124 cause cause VERB issue-26 9 125 the the DET issue-26 9 126 deterioration deterioration NOUN issue-26 9 127 in in ADP issue-26 9 128 the the DET issue-26 9 129 macro macro ADJ issue-26 9 130 - - ADJ issue-26 9 131 economic economic ADJ issue-26 9 132 state state NOUN issue-26 9 133 of of ADP issue-26 9 134 the the DET issue-26 9 135 system system NOUN issue-26 9 136 , , PUNCT issue-26 9 137 due due ADP issue-26 9 138 to to ADP issue-26 9 139 which which PRON issue-26 9 140 the the DET issue-26 9 141 vector vector NOUN issue-26 9 142 of of ADP issue-26 9 143 government government NOUN issue-26 9 144 borrowing borrowing NOUN issue-26 9 145 again again ADV issue-26 9 146 gravitates gravitate VERB issue-26 9 147 toward toward ADP issue-26 9 148 the the DET issue-26 9 149 field field NOUN issue-26 9 150 of of ADP issue-26 9 151 formation formation NOUN issue-26 9 152 of of ADP issue-26 9 153 the the DET issue-26 9 154 mechanism mechanism NOUN issue-26 9 155 of of ADP issue-26 9 156 stabilization stabilization NOUN issue-26 9 157 . . PUNCT issue-26 10 1 in in ADP issue-26 10 2 the the DET issue-26 10 3 post post ADJ issue-26 10 4 - - ADJ issue-26 10 5 stabilization stabilization NOUN issue-26 10 6 period period NOUN issue-26 10 7 the the DET issue-26 10 8 following follow VERB issue-26 10 9 contradictions contradiction NOUN issue-26 10 10 are be AUX issue-26 10 11 especially especially ADV issue-26 10 12 intensely intensely ADV issue-26 10 13 manifested manifest VERB issue-26 10 14 : : PUNCT issue-26 10 15 firstly firstly ADV issue-26 10 16 , , PUNCT issue-26 10 17 the the DET issue-26 10 18 contradictions contradiction NOUN issue-26 10 19 between between ADP issue-26 10 20 the the DET issue-26 10 21 expansive expansive ADJ issue-26 10 22 fiscal fiscal ADJ issue-26 10 23 policy policy NOUN issue-26 10 24 and and CCONJ issue-26 10 25 relatively relatively ADV issue-26 10 26 restrained restrained ADJ issue-26 10 27 monetary monetary ADJ issue-26 10 28 policy policy NOUN issue-26 10 29 , , PUNCT issue-26 10 30 which which PRON issue-26 10 31 is be AUX issue-26 10 32 why why SCONJ issue-26 10 33 the the DET issue-26 10 34 maintenance maintenance NOUN issue-26 10 35 of of ADP issue-26 10 36 the the DET issue-26 10 37 exchange exchange NOUN issue-26 10 38 rate rate NOUN issue-26 10 39 and and CCONJ issue-26 10 40 inflation inflation NOUN issue-26 10 41 on on ADP issue-26 10 42 the the DET issue-26 10 43 equilibrium equilibrium NOUN issue-26 10 44 level level NOUN issue-26 10 45 takes take VERB issue-26 10 46 place place NOUN issue-26 10 47 with with ADP issue-26 10 48 the the DET issue-26 10 49 higher high ADJ issue-26 10 50 interest interest NOUN issue-26 10 51 rates rate NOUN issue-26 10 52 ; ; PUNCT issue-26 10 53 secondly secondly ADV issue-26 10 54 , , PUNCT issue-26 10 55 there there PRON issue-26 10 56 is be VERB issue-26 10 57 an an DET issue-26 10 58 enhancement enhancement NOUN issue-26 10 59 of of ADP issue-26 10 60 contradictions contradiction NOUN issue-26 10 61 within within ADP issue-26 10 62 the the DET issue-26 10 63 system system NOUN issue-26 10 64 of of ADP issue-26 10 65 fiscal fiscal ADJ issue-26 10 66 policy policy NOUN issue-26 10 67 and and CCONJ issue-26 10 68 monetary monetary ADJ issue-26 10 69 policy policy NOUN issue-26 10 70 . . PUNCT issue-26 11 1 the the DET issue-26 11 2 formation formation NOUN issue-26 11 3 of of ADP issue-26 11 4 consumer consumer NOUN issue-26 11 5 - - PUNCT issue-26 11 6 oriented orient VERB issue-26 11 7 reproduction reproduction NOUN issue-26 11 8 proportions proportion NOUN issue-26 11 9 of of ADP issue-26 11 10 gdp gdp NOUN issue-26 11 11 is be AUX issue-26 11 12 one one NUM issue-26 11 13 of of ADP issue-26 11 14 the the DET issue-26 11 15 consequences consequence NOUN issue-26 11 16 of of ADP issue-26 11 17 such such DET issue-26 11 18 a a DET issue-26 11 19 situation situation NOUN issue-26 11 20 . . PUNCT issue-26 12 1 key key ADJ issue-26 12 2 words word NOUN issue-26 12 3 : : PUNCT issue-26 12 4 debt debt NOUN issue-26 12 5 policy policy NOUN issue-26 12 6 , , PUNCT issue-26 12 7 macroeconomic macroeconomic ADJ issue-26 12 8 stabilization stabilization NOUN issue-26 12 9 , , PUNCT issue-26 12 10 monetary monetary ADJ issue-26 12 11 policy policy NOUN issue-26 12 12 , , PUNCT issue-26 12 13 investment investment NOUN issue-26 12 14 policy policy NOUN issue-26 12 15 , , PUNCT issue-26 12 16 periods period NOUN issue-26 12 17 of of ADP issue-26 12 18 debt debt NOUN issue-26 12 19 policy policy NOUN issue-26 12 20 , , PUNCT issue-26 12 21 public public ADJ issue-26 12 22 debt debt NOUN issue-26 12 23 management management NOUN issue-26 12 24 . . PUNCT issue-26 13 1 jel jel PROPN issue-26 13 2 classification classification NOUN issue-26 13 3 : : PUNCT issue-26 13 4 h68 h68 PROPN issue-26 13 5 , , PUNCT issue-26 13 6 н63 н63 PROPN issue-26 13 7 , , PUNCT issue-26 13 8 g32 g32 NOUN issue-26 13 9 ( ( PUNCT issue-26 13 10 both both CCONJ issue-26 13 11 by by ADP issue-26 13 12 self self NOUN issue-26 13 13 - - PUNCT issue-26 13 14 regulation regulation NOUN issue-26 13 15 and and CCONJ issue-26 13 16 by by ADP issue-26 13 17 indirect indirect ADJ issue-26 13 18 government government NOUN issue-26 13 19 intervention intervention NOUN issue-26 13 20 ) ) PUNCT issue-26 13 21 . . PUNCT issue-26 14 1 considering consider VERB issue-26 14 2 the the DET issue-26 14 3 rapid rapid ADJ issue-26 14 4 accumulation accumulation NOUN issue-26 14 5 of of ADP issue-26 14 6 public public ADJ issue-26 14 7 debt debt NOUN issue-26 14 8 in in ADP issue-26 14 9 case case NOUN issue-26 14 10 of of ADP issue-26 14 11 market market NOUN issue-26 14 12 transformation transformation NOUN issue-26 14 13 in in ADP issue-26 14 14 ukraine ukraine NOUN issue-26 14 15 ( ( PUNCT issue-26 14 16 and and CCONJ issue-26 14 17 in in ADP issue-26 14 18 other other ADJ issue-26 14 19 transformational transformational ADJ issue-26 14 20 economies economy NOUN issue-26 14 21 ) ) PUNCT issue-26 14 22 there there PRON issue-26 14 23 is be VERB issue-26 14 24 a a DET issue-26 14 25 steady steady ADJ issue-26 14 26 dynamics dynamic NOUN issue-26 14 27 of of ADP issue-26 14 28 growth growth NOUN issue-26 14 29 and and CCONJ issue-26 14 30 increase increase NOUN issue-26 14 31 of of ADP issue-26 14 32 debt debt NOUN issue-26 14 33 burdens burden NOUN issue-26 14 34 in in ADP issue-26 14 35 accordance accordance NOUN issue-26 14 36 with with ADP issue-26 14 37 international international ADJ issue-26 14 38 standards standard NOUN issue-26 14 39 of of ADP issue-26 14 40 the the DET issue-26 14 41 country country NOUN issue-26 14 42 ’s ’s PART issue-26 14 43 burdensomeness burdensomeness PROPN issue-26 14 44 estimation estimation NOUN issue-26 14 45 , , PUNCT issue-26 14 46 and and CCONJ issue-26 14 47 macroeconomic macroeconomic ADJ issue-26 14 48 position position NOUN issue-26 14 49 of of ADP issue-26 14 50 government government NOUN issue-26 14 51 debt debt NOUN issue-26 14 52 is be AUX issue-26 14 53 considered consider VERB issue-26 14 54 to to PART issue-26 14 55 be be AUX issue-26 14 56 relatively relatively ADV issue-26 14 57 unstable unstable ADJ issue-26 14 58 . . PUNCT issue-26 15 1 within within ADP issue-26 15 2 this this DET issue-26 15 3 framework framework NOUN issue-26 15 4 , , PUNCT issue-26 15 5 debt debt NOUN issue-26 15 6 is be AUX issue-26 15 7 a a DET issue-26 15 8 determining determine VERB issue-26 15 9 factor factor NOUN issue-26 15 10 in in ADP issue-26 15 11 the the DET issue-26 15 12 process process NOUN issue-26 15 13 of of ADP issue-26 15 14 structuring structuring NOUN issue-26 15 15 of of ADP issue-26 15 16 budget budget NOUN issue-26 15 17 expenditures expenditure NOUN issue-26 15 18 and and CCONJ issue-26 15 19 neutralization neutralization NOUN issue-26 15 20 of of ADP issue-26 15 21 ukraine ukraine PROPN issue-26 15 22 ’s ’s PART issue-26 15 23 balance balance NOUN issue-26 15 24 of of ADP issue-26 15 25 payments payment NOUN issue-26 15 26 which which PRON issue-26 15 27 determines determine VERB issue-26 15 28 the the DET issue-26 15 29 relevance relevance NOUN issue-26 15 30 of of ADP issue-26 15 31 this this DET issue-26 15 32 study study NOUN issue-26 15 33 . . PUNCT issue-26 16 1 1 1 X issue-26 16 2 . . X issue-26 16 3 introduction introduction NOUN issue-26 16 4 the the DET issue-26 16 5 policy policy NOUN issue-26 16 6 of of ADP issue-26 16 7 government government NOUN issue-26 16 8 debt debt NOUN issue-26 16 9 management management NOUN issue-26 16 10 is be AUX issue-26 16 11 an an DET issue-26 16 12 important important ADJ issue-26 16 13 component component NOUN issue-26 16 14 of of ADP issue-26 16 15 the the DET issue-26 16 16 ongoing ongoing ADJ issue-26 16 17 financial financial ADJ issue-26 16 18 policy policy NOUN issue-26 16 19 and and CCONJ issue-26 16 20 an an DET issue-26 16 21 essential essential ADJ issue-26 16 22 component component NOUN issue-26 16 23 of of ADP issue-26 16 24 the the DET issue-26 16 25 process process NOUN issue-26 16 26 of of ADP issue-26 16 27 macroeconomic macroeconomic ADJ issue-26 16 28 regulation regulation NOUN issue-26 16 29 . . PUNCT issue-26 17 1 in in ADP issue-26 17 2 a a DET issue-26 17 3 transformational transformational ADJ issue-26 17 4 economy economy NOUN issue-26 17 5 the the DET issue-26 17 6 government government NOUN issue-26 17 7 debt debt NOUN issue-26 17 8 management management NOUN issue-26 17 9 is be AUX issue-26 17 10 the the DET issue-26 17 11 general general ADJ issue-26 17 12 expression expression NOUN issue-26 17 13 of of ADP issue-26 17 14 the the DET issue-26 17 15 state state NOUN issue-26 17 16 ’s ’s PART issue-26 17 17 attitude attitude NOUN issue-26 17 18 to to ADP issue-26 17 19 financial financial ADJ issue-26 17 20 resources resource NOUN issue-26 17 21 . . PUNCT issue-26 18 1 as as ADP issue-26 18 2 an an DET issue-26 18 3 important important ADJ issue-26 18 4 component component NOUN issue-26 18 5 of of ADP issue-26 18 6 macroeconomic macroeconomic ADJ issue-26 18 7 balancing balance VERB issue-26 18 8 the the DET issue-26 18 9 state state NOUN issue-26 18 10 borrowings borrowing NOUN issue-26 18 11 have have AUX issue-26 18 12 created create VERB issue-26 18 13 a a DET issue-26 18 14 specific specific ADJ issue-26 18 15 environment environment NOUN issue-26 18 16 in in ADP issue-26 18 17 which which PRON issue-26 18 18 the the DET issue-26 18 19 impact impact NOUN issue-26 18 20 on on ADP issue-26 18 21 the the DET issue-26 18 22 dynamics dynamic NOUN issue-26 18 23 of of ADP issue-26 18 24 macroeconomic macroeconomic ADJ issue-26 18 25 variables variable NOUN issue-26 18 26 increasingly increasingly ADV issue-26 18 27 determined determine VERB issue-26 18 28 by by ADP issue-26 18 29 measures measure NOUN issue-26 18 30 of of ADP issue-26 18 31 debt debt NOUN issue-26 18 32 policy policy NOUN issue-26 18 33 , , PUNCT issue-26 18 34 rather rather ADV issue-26 18 35 than than ADP issue-26 18 36 by by ADP issue-26 18 37 the the DET issue-26 18 38 process process NOUN issue-26 18 39 of of ADP issue-26 18 40 approaching approach VERB issue-26 18 41 the the DET issue-26 18 42 economy economy NOUN issue-26 18 43 to to ADP issue-26 18 44 equilibrium equilibrium NOUN issue-26 18 45 position position NOUN issue-26 18 46 corresponding corresponding ADJ issue-26 18 47 author author NOUN issue-26 18 48 1 1 NUM issue-26 18 49 department department NOUN issue-26 18 50 of of ADP issue-26 18 51 finance finance NOUN issue-26 18 52 , , PUNCT issue-26 18 53 taras taras PROPN issue-26 18 54 shevchenko shevchenko PROPN issue-26 18 55 national national PROPN issue-26 18 56 university university PROPN issue-26 18 57 of of ADP issue-26 18 58 kyiv kyiv PROPN issue-26 18 59 . . PUNCT issue-26 19 1 e e X issue-26 19 2 - - NOUN issue-26 19 3 mail mail NOUN issue-26 19 4 : : PUNCT issue-26 19 5 rria@ukr.net rria@ukr.net PROPN issue-26 19 6 baltic baltic PROPN issue-26 19 7 journal journal PROPN issue-26 19 8 of of ADP issue-26 19 9 economic economic ADJ issue-26 19 10 studies study NOUN issue-26 19 11 148 148 NUM issue-26 19 12 vol vol NOUN issue-26 19 13 . . PROPN issue-26 19 14 1 1 NUM issue-26 19 15 , , PUNCT issue-26 19 16 2015 2015 NUM issue-26 19 17 the the DET issue-26 19 18 importance importance NOUN issue-26 19 19 of of ADP issue-26 19 20 place place NOUN issue-26 19 21 and and CCONJ issue-26 19 22 role role NOUN issue-26 19 23 of of ADP issue-26 19 24 the the DET issue-26 19 25 government government NOUN issue-26 19 26 debt debt NOUN issue-26 19 27 in in ADP issue-26 19 28 the the DET issue-26 19 29 financial financial ADJ issue-26 19 30 system system NOUN issue-26 19 31 determined determine VERB issue-26 19 32 the the DET issue-26 19 33 constant constant ADJ issue-26 19 34 attention attention NOUN issue-26 19 35 of of ADP issue-26 19 36 researchers researcher NOUN issue-26 19 37 to to ADP issue-26 19 38 its its PRON issue-26 19 39 various various ADJ issue-26 19 40 aspects aspect NOUN issue-26 19 41 . . PUNCT issue-26 20 1 special special ADJ issue-26 20 2 attention attention NOUN issue-26 20 3 is be AUX issue-26 20 4 given give VERB issue-26 20 5 to to ADP issue-26 20 6 the the DET issue-26 20 7 works work NOUN issue-26 20 8 of of ADP issue-26 20 9 the the DET issue-26 20 10 following follow VERB issue-26 20 11 western western ADJ issue-26 20 12 researches research NOUN issue-26 20 13 : : PUNCT issue-26 20 14 r. r. PROPN issue-26 20 15 barro barro PROPN issue-26 20 16 , , PUNCT issue-26 20 17 j. j. PROPN issue-26 20 18 buchanan buchanan PROPN issue-26 20 19 , , PUNCT issue-26 20 20 p. p. PROPN issue-26 20 21 elvort elvort PROPN issue-26 20 22 , , PUNCT issue-26 20 23 n. n. PROPN issue-26 20 24 kaldor kaldor PROPN issue-26 20 25 , , PUNCT issue-26 20 26 j. j. PROPN issue-26 20 27     SPACE issue-26 20 28 keynes keynes PROPN issue-26 20 29 , , PUNCT issue-26 20 30 p. p. PROPN issue-26 20 31     SPACE issue-26 20 32 krugman krugman PROPN issue-26 20 33 , , PUNCT issue-26 20 34 a. a. PROPN issue-26 20 35 lerner lerner PROPN issue-26 20 36 , , PUNCT issue-26 20 37 karl karl PROPN issue-26 20 38 marx marx PROPN issue-26 20 39 , , PUNCT issue-26 20 40 r. r. PROPN issue-26 20 41 musgrave musgrave PROPN issue-26 20 42 , , PUNCT issue-26 20 43 l. l. PROPN issue-26 20 44 mauer mauer PROPN issue-26 20 45 , , PUNCT issue-26 20 46 f. f. PROPN issue-26 20 47 mahlup mahlup PROPN issue-26 20 48 , , PUNCT issue-26 20 49 f. f. PROPN issue-26 20 50     SPACE issue-26 20 51 modigliani modigliani PROPN issue-26 20 52 , , PUNCT issue-26 20 53 l. l. PROPN issue-26 20 54 pazynetti pazynetti PROPN issue-26 20 55 , , PUNCT issue-26 20 56 david david PROPN issue-26 20 57 ricardo ricardo PROPN issue-26 20 58 , , PUNCT issue-26 20 59 adam adam PROPN issue-26 20 60 smith smith PROPN issue-26 20 61 , , PUNCT issue-26 20 62 john john PROPN issue-26 20 63 . . PUNCT issue-26 20 64 stiglitz stiglitz PROPN issue-26 20 65 , , PUNCT issue-26 20 66 p. p. NOUN issue-26 20 67 harrod harrod NOUN issue-26 20 68 and and CCONJ issue-26 20 69 others other NOUN issue-26 20 70 . . PUNCT issue-26 21 1 various various ADJ issue-26 21 2 aspects aspect NOUN issue-26 21 3 of of ADP issue-26 21 4 analysis analysis NOUN issue-26 21 5 of of ADP issue-26 21 6 this this DET issue-26 21 7 issue issue NOUN issue-26 21 8 are be AUX issue-26 21 9 disclosed disclose VERB issue-26 21 10 in in ADP issue-26 21 11 the the DET issue-26 21 12 works work NOUN issue-26 21 13 of of ADP issue-26 21 14 ukrainian ukrainian ADJ issue-26 21 15 scientists scientist NOUN issue-26 21 16 - - NOUN issue-26 21 17 financiers financier NOUN issue-26 21 18 in in ADP issue-26 21 19 particular particular ADJ issue-26 21 20 in in ADP issue-26 21 21 the the DET issue-26 21 22 writings writing NOUN issue-26 21 23 of of ADP issue-26 21 24 o. o. PROPN issue-26 21 25 baranovskyi baranovskyi PROPN issue-26 21 26 , , PUNCT issue-26 21 27 o. o. NOUN issue-26 21 28     SPACE issue-26 21 29 vasylyk vasylyk ADV issue-26 21 30 , , PUNCT issue-26 21 31 t. t. PROPN issue-26 21 32     SPACE issue-26 21 33 vakhnenko vakhnenko PROPN issue-26 21 34 , , PUNCT issue-26 21 35 v. v. NOUN issue-26 21 36     SPACE issue-26 21 37 geyets geyet NOUN issue-26 21 38 , , PUNCT issue-26 21 39 v. v. NOUN issue-26 21 40     SPACE issue-26 21 41 koziuk koziuk NOUN issue-26 21 42 , , PUNCT issue-26 21 43 g. g. PROPN issue-26 21 44 kucher kucher PROPN issue-26 21 45 , , PUNCT issue-26 21 46 v. v. PROPN issue-26 21 47 lisovenko lisovenko PROPN issue-26 21 48 , , PUNCT issue-26 21 49 z. z. PROPN issue-26 21 50     SPACE issue-26 21 51 lutsyshyna lutsyshyna NOUN issue-26 21 52 , , PUNCT issue-26 21 53 i. i. NOUN issue-26 21 54     SPACE issue-26 21 55 liutyi liutyi NOUN issue-26 21 56 , , PUNCT issue-26 21 57 v. v. CCONJ issue-26 21 58 novitskyi novitskyi PROPN issue-26 21 59 , , PUNCT issue-26 21 60 l. l. PROPN issue-26 21 61 novosad novosad PROPN issue-26 21 62 , , PUNCT issue-26 21 63 a. a. NOUN issue-26 21 64     SPACE issue-26 21 65 plotnikov plotnikov NOUN issue-26 21 66 , , PUNCT issue-26 21 67 v. v. ADP issue-26 21 68     SPACE issue-26 21 69 fedosov fedosov PROPN issue-26 21 70 etc etc X issue-26 21 71 . . X issue-26 21 72 external external ADJ issue-26 21 73 debts debt NOUN issue-26 21 74 as as ADP issue-26 21 75 an an DET issue-26 21 76 integral integral ADJ issue-26 21 77 part part NOUN issue-26 21 78 of of ADP issue-26 21 79 the the DET issue-26 21 80 modern modern ADJ issue-26 21 81 international international ADJ issue-26 21 82 financial financial ADJ issue-26 21 83 system system NOUN issue-26 21 84 were be AUX issue-26 21 85 studied study VERB issue-26 21 86 by by ADP issue-26 21 87 such such ADJ issue-26 21 88 russian russian ADJ issue-26 21 89 scientists scientist NOUN issue-26 21 90 - - PUNCT issue-26 21 91 economists economist NOUN issue-26 21 92 as as ADP issue-26 21 93 a. a. PROPN issue-26 21 94 vavilov vavilov PROPN issue-26 21 95 , , PUNCT issue-26 21 96 a. a. NOUN issue-26 21 97     SPACE issue-26 21 98 sarkisyants sarkisyant NOUN issue-26 21 99 , , PUNCT issue-26 21 100 a. a. NOUN issue-26 21 101     SPACE issue-26 21 102 fedyakina fedyakina PROPN issue-26 21 103 , , PUNCT issue-26 21 104 etc etc X issue-26 21 105 . . X issue-26 22 1 the the DET issue-26 22 2 purpose purpose NOUN issue-26 22 3 of of ADP issue-26 22 4 the the DET issue-26 22 5 article article NOUN issue-26 22 6 is be AUX issue-26 22 7 to to PART issue-26 22 8 identify identify VERB issue-26 22 9 and and CCONJ issue-26 22 10 describe describe VERB issue-26 22 11 features feature NOUN issue-26 22 12 of of ADP issue-26 22 13 influence influence NOUN issue-26 22 14 of of ADP issue-26 22 15 macroeconomic macroeconomic ADJ issue-26 22 16 measures measure NOUN issue-26 22 17 of of ADP issue-26 22 18 transformation transformation NOUN issue-26 22 19 on on ADP issue-26 22 20 the the DET issue-26 22 21 state state NOUN issue-26 22 22 debt debt NOUN issue-26 22 23 policy policy NOUN issue-26 22 24 . . PUNCT issue-26 23 1 2 2 X issue-26 23 2 . . X issue-26 23 3 the the DET issue-26 23 4 features feature NOUN issue-26 23 5 of of ADP issue-26 23 6 macroeconomic macroeconomic ADJ issue-26 23 7 measures measure NOUN issue-26 23 8 in in ADP issue-26 23 9 the the DET issue-26 23 10 transformational transformational ADJ issue-26 23 11 economy economy NOUN issue-26 23 12 macroeconomic macroeconomic ADJ issue-26 23 13 measures measure NOUN issue-26 23 14 in in ADP issue-26 23 15 the the DET issue-26 23 16 transformational transformational ADJ issue-26 23 17 economy economy NOUN issue-26 23 18 have have VERB issue-26 23 19 a a DET issue-26 23 20 number number NOUN issue-26 23 21 of of ADP issue-26 23 22 distinctive distinctive ADJ issue-26 23 23 features feature NOUN issue-26 23 24 that that PRON issue-26 23 25 demonstrate demonstrate VERB issue-26 23 26 special special ADJ issue-26 23 27 aspects aspect NOUN issue-26 23 28 of of ADP issue-26 23 29 both both DET issue-26 23 30 transition transition NOUN issue-26 23 31 to to ADP issue-26 23 32 a a DET issue-26 23 33 market market NOUN issue-26 23 34 economy economy NOUN issue-26 23 35 , , PUNCT issue-26 23 36 and and CCONJ issue-26 23 37 development development NOUN issue-26 23 38 of of ADP issue-26 23 39 a a DET issue-26 23 40 qualitatively qualitatively ADV issue-26 23 41 new new ADJ issue-26 23 42 model model NOUN issue-26 23 43 of of ADP issue-26 23 44 state state NOUN issue-26 23 45 interference interference NOUN issue-26 23 46 with with ADP issue-26 23 47 the the DET issue-26 23 48 economy economy NOUN issue-26 23 49 . . PUNCT issue-26 24 1 this this PRON issue-26 24 2 is be AUX issue-26 24 3 related relate VERB issue-26 24 4 to to ADP issue-26 24 5 the the DET issue-26 24 6 fact fact NOUN issue-26 24 7 that that SCONJ issue-26 24 8 : : PUNCT issue-26 24 9 • • ADP issue-26 24 10 the the DET issue-26 24 11 transition transition NOUN issue-26 24 12 to to ADP issue-26 24 13 the the DET issue-26 24 14 macroeconomic macroeconomic ADJ issue-26 24 15 regulation regulation NOUN issue-26 24 16 is be AUX issue-26 24 17 carried carry VERB issue-26 24 18 out out ADP issue-26 24 19 in in ADP issue-26 24 20 a a DET issue-26 24 21 systematic systematic ADJ issue-26 24 22 and and CCONJ issue-26 24 23 institutional institutional ADJ issue-26 24 24 vacuum vacuum NOUN issue-26 24 25 which which PRON issue-26 24 26 is be AUX issue-26 24 27 filled fill VERB issue-26 24 28 gradually gradually ADV issue-26 24 29 with with ADP issue-26 24 30 the the DET issue-26 24 31 development development NOUN issue-26 24 32 of of ADP issue-26 24 33 transformation transformation NOUN issue-26 24 34 . . PUNCT issue-26 25 1 • • NUM issue-26 25 2 reformation reformation NOUN issue-26 25 3 of of ADP issue-26 25 4 different different ADJ issue-26 25 5 sectors sector NOUN issue-26 25 6 and and CCONJ issue-26 25 7 spheres sphere NOUN issue-26 25 8 of of ADP issue-26 25 9 the the DET issue-26 25 10 economy economy NOUN issue-26 25 11 carried carry VERB issue-26 25 12 out out ADP issue-26 25 13 at at ADP issue-26 25 14 different different ADJ issue-26 25 15 rates rate NOUN issue-26 25 16 which which PRON issue-26 25 17 is be AUX issue-26 25 18 occurs occur VERB issue-26 25 19 due due ADJ issue-26 25 20 to to ADP issue-26 25 21 : : PUNCT issue-26 25 22 a a X issue-26 25 23 ) ) PUNCT issue-26 25 24 objective objective ADJ issue-26 25 25 factors factor NOUN issue-26 25 26 ( ( PUNCT issue-26 25 27 various various ADJ issue-26 25 28 components component NOUN issue-26 25 29 of of ADP issue-26 25 30 the the DET issue-26 25 31 economic economic ADJ issue-26 25 32 system system NOUN issue-26 25 33 go go VERB issue-26 25 34 trough trough ADP issue-26 25 35 the the DET issue-26 25 36 reforming reforming NOUN issue-26 25 37 with with ADP issue-26 25 38 different different ADJ issue-26 25 39 intensity intensity NOUN issue-26 25 40 due due ADP issue-26 25 41 to to ADP issue-26 25 42 their their PRON issue-26 25 43 functional functional ADJ issue-26 25 44 , , PUNCT issue-26 25 45 reproductive reproductive ADJ issue-26 25 46 and and CCONJ issue-26 25 47 technological technological ADJ issue-26 25 48 features feature NOUN issue-26 25 49 ) ) PUNCT issue-26 25 50 ; ; PUNCT issue-26 25 51 b b X issue-26 25 52 ) ) PUNCT issue-26 25 53 subjective subjective ADJ issue-26 25 54 factors factor NOUN issue-26 25 55 ( ( PUNCT issue-26 25 56 to to ADP issue-26 25 57 some some DET issue-26 25 58 extent extent NOUN issue-26 25 59 , , PUNCT issue-26 25 60 the the DET issue-26 25 61 transformation transformation NOUN issue-26 25 62 process process NOUN issue-26 25 63 has have VERB issue-26 25 64 selective selective ADJ issue-26 25 65 character character NOUN issue-26 25 66 , , PUNCT issue-26 25 67 which which PRON issue-26 25 68 is be AUX issue-26 25 69 connected connect VERB issue-26 25 70 with with ADP issue-26 25 71 both both PRON issue-26 25 72 ethical ethical ADJ issue-26 25 73 factor factor NOUN issue-26 25 74 of of ADP issue-26 25 75 market market NOUN issue-26 25 76 transformation transformation NOUN issue-26 25 77 and and CCONJ issue-26 25 78 the the DET issue-26 25 79 social social ADJ issue-26 25 80 doctrine doctrine NOUN issue-26 25 81 of of ADP issue-26 25 82 transformation transformation NOUN issue-26 25 83 ) ) PUNCT issue-26 25 84 ; ; PUNCT issue-26 25 85 • • NUM issue-26 25 86 macroeconomic macroeconomic ADJ issue-26 25 87 measures measure NOUN issue-26 25 88 mainly mainly ADV issue-26 25 89 have have VERB issue-26 25 90 features feature NOUN issue-26 25 91 in in ADP issue-26 25 92 the the DET issue-26 25 93 pre pre ADJ issue-26 25 94 - - ADJ issue-26 25 95 stabilization stabilization ADJ issue-26 25 96 phase phase NOUN issue-26 25 97 of of ADP issue-26 25 98 transformation transformation NOUN issue-26 25 99 ( ( PUNCT issue-26 25 100 expansive expansive ADJ issue-26 25 101 policy policy NOUN issue-26 25 102 ) ) PUNCT issue-26 25 103 and and CCONJ issue-26 25 104 in in ADP issue-26 25 105 the the DET issue-26 25 106 stabilization stabilization NOUN issue-26 25 107 and and CCONJ issue-26 25 108 post post ADJ issue-26 25 109 - - ADJ issue-26 25 110 stabilization stabilization ADJ issue-26 25 111 phases phase NOUN issue-26 25 112 ( ( PUNCT issue-26 25 113 restrictive restrictive ADJ issue-26 25 114 and and CCONJ issue-26 25 115 moderately moderately ADV issue-26 25 116 simulative simulative ADJ issue-26 25 117 policy policy NOUN issue-26 25 118 ) ) PUNCT issue-26 25 119 ; ; PUNCT issue-26 25 120 • • ADP issue-26 25 121 the the DET issue-26 25 122 use use NOUN issue-26 25 123 of of ADP issue-26 25 124 instruments instrument NOUN issue-26 25 125 of of ADP issue-26 25 126 macroeconomic macroeconomic ADJ issue-26 25 127 regulation regulation NOUN issue-26 25 128 by by ADP issue-26 25 129 the the DET issue-26 25 130 government government NOUN issue-26 25 131 institutions institution NOUN issue-26 25 132 is be AUX issue-26 25 133 slightly slightly ADV issue-26 25 134 faster fast ADJ issue-26 25 135 than than ADP issue-26 25 136 the the DET issue-26 25 137 development development NOUN issue-26 25 138 of of ADP issue-26 25 139 the the DET issue-26 25 140 system system NOUN issue-26 25 141 of of ADP issue-26 25 142 transmission transmission NOUN issue-26 25 143 of of ADP issue-26 25 144 political political ADJ issue-26 25 145 and and CCONJ issue-26 25 146 economic economic ADJ issue-26 25 147 decisions decision NOUN issue-26 25 148 to to ADP issue-26 25 149 the the DET issue-26 25 150 sphere sphere NOUN issue-26 25 151 of of ADP issue-26 25 152 reproduction reproduction NOUN issue-26 25 153 as as ADP issue-26 25 154 the the DET issue-26 25 155 final final ADJ issue-26 25 156 object object NOUN issue-26 25 157 of of ADP issue-26 25 158 regulation regulation NOUN issue-26 25 159 ; ; PUNCT issue-26 25 160 • • NUM issue-26 25 161 the the DET issue-26 25 162 formation formation NOUN issue-26 25 163 of of ADP issue-26 25 164 transmission transmission NOUN issue-26 25 165 channels channel NOUN issue-26 25 166 for for ADP issue-26 25 167 macrodecisions macrodecision NOUN issue-26 25 168 occurs occur VERB issue-26 25 169 with with ADP issue-26 25 170 different different ADJ issue-26 25 171 intensity intensity NOUN issue-26 25 172 throughout throughout ADP issue-26 25 173 the the DET issue-26 25 174 transformation transformation NOUN issue-26 25 175 . . PUNCT issue-26 26 1 depending depend VERB issue-26 26 2 on on ADP issue-26 26 3 the the DET issue-26 26 4 features feature NOUN issue-26 26 5 of of ADP issue-26 26 6 industryreproductive industryreproductive ADJ issue-26 26 7 structure structure NOUN issue-26 26 8 and and CCONJ issue-26 26 9 nature nature NOUN issue-26 26 10 of of ADP issue-26 26 11 market market NOUN issue-26 26 12 transformation transformation NOUN issue-26 26 13 the the DET issue-26 26 14 efficiency efficiency NOUN issue-26 26 15 of of ADP issue-26 26 16 macro macro ADJ issue-26 26 17 - - ADJ issue-26 26 18 regulatory regulatory ADJ issue-26 26 19 instruments instrument NOUN issue-26 26 20 , , PUNCT issue-26 26 21 including include VERB issue-26 26 22 leverages leverage NOUN issue-26 26 23 of of ADP issue-26 26 24 deficit deficit NOUN issue-26 26 25 financing financing NOUN issue-26 26 26 , , PUNCT issue-26 26 27 will will AUX issue-26 26 28 be be AUX issue-26 26 29 differentiated differentiate VERB issue-26 26 30 in in ADP issue-26 26 31 proportion proportion NOUN issue-26 26 32 to to ADP issue-26 26 33 the the DET issue-26 26 34 development development NOUN issue-26 26 35 of of ADP issue-26 26 36 the the DET issue-26 26 37 abovementioned abovementioned ADJ issue-26 26 38 system system NOUN issue-26 26 39 of of ADP issue-26 26 40 impulse impulse ADJ issue-26 26 41 transmission transmission NOUN issue-26 26 42 . . PUNCT issue-26 27 1 the the DET issue-26 27 2 components component NOUN issue-26 27 3 of of ADP issue-26 27 4 macro macro ADJ issue-26 27 5 policies policy NOUN issue-26 27 6     SPACE issue-26 27 7 – – PUNCT issue-26 27 8 fiscal fiscal ADJ issue-26 27 9 , , PUNCT issue-26 27 10 monetary monetary ADJ issue-26 27 11 and and CCONJ issue-26 27 12 investment investment NOUN issue-26 27 13 policies policy NOUN issue-26 27 14 , , PUNCT issue-26 27 15 which which PRON issue-26 27 16 are be AUX issue-26 27 17 divided divide VERB issue-26 27 18 by by ADP issue-26 27 19 functional functional ADJ issue-26 27 20 features feature NOUN issue-26 27 21     SPACE issue-26 27 22 – – PUNCT issue-26 27 23 are be AUX issue-26 27 24 systematically systematically ADV issue-26 27 25 combined combine VERB issue-26 27 26 and and CCONJ issue-26 27 27 implemented implement VERB issue-26 27 28 in in ADP issue-26 27 29 interconnectedness interconnectedness NOUN issue-26 27 30 with with ADP issue-26 27 31 debt debt NOUN issue-26 27 32 policy policy NOUN issue-26 27 33 ( ( PUNCT issue-26 27 34 which which PRON issue-26 27 35 in in ADP issue-26 27 36 principle principle NOUN issue-26 27 37 is be AUX issue-26 27 38 the the DET issue-26 27 39 part part NOUN issue-26 27 40 of of ADP issue-26 27 41 fiscal fiscal ADJ issue-26 27 42 policy policy NOUN issue-26 27 43 ) ) PUNCT issue-26 27 44 . . PUNCT issue-26 28 1 the the DET issue-26 28 2 content content NOUN issue-26 28 3 of of ADP issue-26 28 4 the the DET issue-26 28 5 relationship relationship NOUN issue-26 28 6 between between ADP issue-26 28 7 the the DET issue-26 28 8 debt debt NOUN issue-26 28 9 policy policy NOUN issue-26 28 10 and and CCONJ issue-26 28 11 other other ADJ issue-26 28 12 types type NOUN issue-26 28 13 of of ADP issue-26 28 14 macro macro ADJ issue-26 28 15 policies policy NOUN issue-26 28 16 can can AUX issue-26 28 17 be be AUX issue-26 28 18 manifested manifest VERB issue-26 28 19 in in ADP issue-26 28 20 such such ADJ issue-26 28 21 qualitative qualitative ADJ issue-26 28 22 forms form NOUN issue-26 28 23 as as ADP issue-26 28 24 : : PUNCT issue-26 28 25 direct direct ADJ issue-26 28 26 connection connection NOUN issue-26 28 27 , , PUNCT issue-26 28 28 when when SCONJ issue-26 28 29 certain certain ADJ issue-26 28 30 decisions decision NOUN issue-26 28 31 regarding regard VERB issue-26 28 32 government government NOUN issue-26 28 33 debt debt NOUN issue-26 28 34 can can AUX issue-26 28 35 be be AUX issue-26 28 36 directly directly ADV issue-26 28 37 attributed attribute VERB issue-26 28 38 to to ADP issue-26 28 39 a a DET issue-26 28 40 particular particular ADJ issue-26 28 41 instrument instrument NOUN issue-26 28 42 of of ADP issue-26 28 43 macro macro ADJ issue-26 28 44 policies policy NOUN issue-26 28 45 ; ; PUNCT issue-26 28 46 indirect indirect ADJ issue-26 28 47 connection connection NOUN issue-26 28 48 , , PUNCT issue-26 28 49 when when SCONJ issue-26 28 50 macrodecisions macrodecision NOUN issue-26 28 51 that that PRON issue-26 28 52 lead lead VERB issue-26 28 53 or or CCONJ issue-26 28 54 do do AUX issue-26 28 55 not not PART issue-26 28 56 lead lead VERB issue-26 28 57 to to ADP issue-26 28 58 changes change NOUN issue-26 28 59 in in ADP issue-26 28 60 qualitative qualitative ADJ issue-26 28 61 and and CCONJ issue-26 28 62 quantitative quantitative ADJ issue-26 28 63 parameters parameter NOUN issue-26 28 64 of of ADP issue-26 28 65 the the DET issue-26 28 66 government government NOUN issue-26 28 67 debt debt NOUN issue-26 28 68 are be AUX issue-26 28 69 implemented implement VERB issue-26 28 70 through through ADP issue-26 28 71 the the DET issue-26 28 72 use use NOUN issue-26 28 73 of of ADP issue-26 28 74 debt debt NOUN issue-26 28 75 instruments instrument NOUN issue-26 28 76 . . PUNCT issue-26 29 1 the the DET issue-26 29 2 form form NOUN issue-26 29 3 of of ADP issue-26 29 4 the the DET issue-26 29 5 relationship relationship NOUN issue-26 29 6 is be AUX issue-26 29 7 changing change VERB issue-26 29 8 during during ADP issue-26 29 9 the the DET issue-26 29 10 process process NOUN issue-26 29 11 of of ADP issue-26 29 12 market market NOUN issue-26 29 13 transformation transformation NOUN issue-26 29 14 . . PUNCT issue-26 30 1 the the DET issue-26 30 2 relationship relationship NOUN issue-26 30 3 between between ADP issue-26 30 4 debt debt NOUN issue-26 30 5 and and CCONJ issue-26 30 6 overall overall ADJ issue-26 30 7 macroeconomic macroeconomic ADJ issue-26 30 8 policies policy NOUN issue-26 30 9 are be AUX issue-26 30 10 sustainable sustainable ADJ issue-26 30 11 and and CCONJ issue-26 30 12 stable stable ADJ issue-26 30 13 , , PUNCT issue-26 30 14 and and CCONJ issue-26 30 15 it it PRON issue-26 30 16 is be AUX issue-26 30 17 such such ADJ issue-26 30 18 that that PRON issue-26 30 19 leads lead VERB issue-26 30 20 to to ADP issue-26 30 21 the the DET issue-26 30 22 existence existence NOUN issue-26 30 23 of of ADP issue-26 30 24 the the DET issue-26 30 25 action action NOUN issue-26 30 26 field field NOUN issue-26 30 27 of of ADP issue-26 30 28 mutual mutual ADJ issue-26 30 29 determination determination NOUN issue-26 30 30 in in ADP issue-26 30 31 which which PRON issue-26 30 32 the the DET issue-26 30 33 tension tension NOUN issue-26 30 34 increases increase VERB issue-26 30 35 in in ADP issue-26 30 36 the the DET issue-26 30 37 process process NOUN issue-26 30 38 of of ADP issue-26 30 39 macro macro ADJ issue-26 30 40 - - ADJ issue-26 30 41 economic economic ADJ issue-26 30 42 destabilization destabilization NOUN issue-26 30 43 and and CCONJ issue-26 30 44 decreases decrease NOUN issue-26 30 45 when when SCONJ issue-26 30 46 the the DET issue-26 30 47 macro macro NOUN issue-26 30 48 - - NOUN issue-26 30 49 system system NOUN issue-26 30 50 is be AUX issue-26 30 51 in in ADP issue-26 30 52 the the DET issue-26 30 53 relatively relatively ADV issue-26 30 54 balanced balanced ADJ issue-26 30 55 state state NOUN issue-26 30 56 . . PUNCT issue-26 31 1 3 3 X issue-26 31 2 . . X issue-26 31 3 the the DET issue-26 31 4 main main ADJ issue-26 31 5 phase phase NOUN issue-26 31 6 of of ADP issue-26 31 7 the the DET issue-26 31 8 debt debt NOUN issue-26 31 9 policy policy NOUN issue-26 31 10 of of ADP issue-26 31 11 ukraine ukraine NOUN issue-26 31 12 the the DET issue-26 31 13 general general ADJ issue-26 31 14 vector vector NOUN issue-26 31 15 of of ADP issue-26 31 16 macroeconomic macroeconomic ADJ issue-26 31 17 policies policy NOUN issue-26 31 18 in in ADP issue-26 31 19 the the DET issue-26 31 20 process process NOUN issue-26 31 21 of of ADP issue-26 31 22 market market NOUN issue-26 31 23 transformation transformation NOUN issue-26 31 24 , , PUNCT issue-26 31 25 in in ADP issue-26 31 26 general general ADJ issue-26 31 27 , , PUNCT issue-26 31 28 can can AUX issue-26 31 29 be be AUX issue-26 31 30 divided divide VERB issue-26 31 31 by by ADP issue-26 31 32 stages stage NOUN issue-26 31 33 of of ADP issue-26 31 34 transformation transformation NOUN issue-26 31 35 ( ( PUNCT issue-26 31 36 the the DET issue-26 31 37 first first ADJ issue-26 31 38 stage stage NOUN issue-26 31 39     SPACE issue-26 31 40 – – PUNCT issue-26 31 41 liberalization liberalization NOUN issue-26 31 42 , , PUNCT issue-26 31 43 the the DET issue-26 31 44 second second ADJ issue-26 31 45 one one NUM issue-26 31 46     SPACE issue-26 31 47 – – PUNCT issue-26 31 48 macro macro NOUN issue-26 31 49 - - NOUN issue-26 31 50 stabilization stabilization NOUN issue-26 31 51 and and CCONJ issue-26 31 52 the the DET issue-26 31 53 third third ADJ issue-26 31 54 one one NUM issue-26 31 55     SPACE issue-26 31 56 – – PUNCT issue-26 31 57 system system NOUN issue-26 31 58 adjustments adjustment NOUN issue-26 31 59 ) ) PUNCT issue-26 31 60 , , PUNCT issue-26 31 61 consequently consequently ADV issue-26 31 62 , , PUNCT issue-26 31 63 there there PRON issue-26 31 64 will will AUX issue-26 31 65 be be AUX issue-26 31 66 a a DET issue-26 31 67 close close ADJ issue-26 31 68 connection connection NOUN issue-26 31 69 between between ADP issue-26 31 70 the the DET issue-26 31 71 content content NOUN issue-26 31 72 of of ADP issue-26 31 73 macro macro NOUN issue-26 31 74 - - NOUN issue-26 31 75 decisions decision NOUN issue-26 31 76 and and CCONJ issue-26 31 77 the the DET issue-26 31 78 direction direction NOUN issue-26 31 79 of of ADP issue-26 31 80 implementation implementation NOUN issue-26 31 81 of of ADP issue-26 31 82 debt debt NOUN issue-26 31 83 policy policy NOUN issue-26 31 84 ( ( PUNCT issue-26 31 85 sachs sachs PROPN issue-26 31 86 , , PUNCT issue-26 31 87 j. j. PROPN issue-26 31 88 , , PUNCT issue-26 31 89 pivovarsky pivovarsky ADJ issue-26 31 90 , , PUNCT issue-26 31 91 a. a. NOUN issue-26 31 92 , , PUNCT issue-26 31 93 1996 1996 NUM issue-26 31 94 ) ) PUNCT issue-26 31 95 . . PUNCT issue-26 32 1 thus thus ADV issue-26 32 2 , , PUNCT issue-26 32 3 in in ADP issue-26 32 4 ukraine ukraine NOUN issue-26 32 5 the the DET issue-26 32 6 maintenance maintenance NOUN issue-26 32 7 of of ADP issue-26 32 8 constant constant ADJ issue-26 32 9 structural structural ADJ issue-26 32 10 deficit deficit NOUN issue-26 32 11 and and CCONJ issue-26 32 12 preservation preservation NOUN issue-26 32 13 of of ADP issue-26 32 14 the the DET issue-26 32 15 system system NOUN issue-26 32 16 of of ADP issue-26 32 17 soft soft ADJ issue-26 32 18 budget budget NOUN issue-26 32 19 constraints constraint NOUN issue-26 32 20 in in ADP issue-26 32 21 the the DET issue-26 32 22 pre pre ADJ issue-26 32 23 - - NOUN issue-26 32 24 stabilization stabilization ADJ issue-26 32 25 period period NOUN issue-26 32 26 against against ADP issue-26 32 27 the the DET issue-26 32 28 background background NOUN issue-26 32 29 of of ADP issue-26 32 30 rising rise VERB issue-26 32 31 prices price NOUN issue-26 32 32 is be AUX issue-26 32 33 seen see VERB issue-26 32 34 as as ADP issue-26 32 35 an an DET issue-26 32 36 attempt attempt NOUN issue-26 32 37 to to PART issue-26 32 38 hold hold VERB issue-26 32 39 expansionary expansionary ADJ issue-26 32 40 macroeconomic macroeconomic ADJ issue-26 32 41 policies policy NOUN issue-26 32 42 . . PUNCT issue-26 33 1 intensive intensive ADJ issue-26 33 2 deficit deficit NOUN issue-26 33 3 financing financing NOUN issue-26 33 4 aimed aim VERB issue-26 33 5 at at ADP issue-26 33 6 supporting support VERB issue-26 33 7 the the DET issue-26 33 8 demand demand NOUN issue-26 33 9 in in ADP issue-26 33 10 the the DET issue-26 33 11 public public ADJ issue-26 33 12 sector sector NOUN issue-26 33 13 and and CCONJ issue-26 33 14 at at ADP issue-26 33 15 the the DET issue-26 33 16 government government NOUN issue-26 33 17 acceptance acceptance NOUN issue-26 33 18 of of ADP issue-26 33 19 debt debt NOUN issue-26 33 20 obligations obligation NOUN issue-26 33 21 of of ADP issue-26 33 22 the the DET issue-26 33 23 subject subject NOUN issue-26 33 24 of of ADP issue-26 33 25 economic economic ADJ issue-26 33 26 affairs affair NOUN issue-26 33 27 in in ADP issue-26 33 28 order order NOUN issue-26 33 29 to to PART issue-26 33 30 support support VERB issue-26 33 31 demand demand NOUN issue-26 33 32 in in ADP issue-26 33 33 the the DET issue-26 33 34 state state NOUN issue-26 33 35 industrial industrial ADJ issue-26 33 36 sector sector NOUN issue-26 33 37 reflect reflect VERB issue-26 33 38 an an DET issue-26 33 39 attempt attempt NOUN issue-26 33 40 to to PART issue-26 33 41 prevent prevent VERB issue-26 33 42 the the DET issue-26 33 43 transformational transformational ADJ issue-26 33 44 recession recession NOUN issue-26 33 45 without without ADP issue-26 33 46 going go VERB issue-26 33 47 outside outside ADP issue-26 33 48 the the DET issue-26 33 49 framework framework NOUN issue-26 33 50 of of ADP issue-26 33 51 existing exist VERB issue-26 33 52 model model NOUN issue-26 33 53 of of ADP issue-26 33 54 system system NOUN issue-26 33 55 organization organization NOUN issue-26 33 56 of of ADP issue-26 33 57 reproduction reproduction NOUN issue-26 33 58 and and CCONJ issue-26 33 59 avoiding avoid VERB issue-26 33 60 the the DET issue-26 33 61 deep deep ADJ issue-26 33 62 liberalization liberalization NOUN issue-26 33 63 of of ADP issue-26 33 64 economic economic ADJ issue-26 33 65 activity activity NOUN issue-26 33 66 . . PUNCT issue-26 34 1 in in ADP issue-26 34 2 such such ADJ issue-26 34 3 circumstances circumstance NOUN issue-26 34 4 when when SCONJ issue-26 34 5 the the DET issue-26 34 6 transmission transmission NOUN issue-26 34 7 channels channel NOUN issue-26 34 8 for for ADP issue-26 34 9 macro macro ADJ issue-26 34 10 - - PUNCT issue-26 34 11 regulation regulation NOUN issue-26 34 12 impulses impulse NOUN issue-26 34 13 have have AUX issue-26 34 14 not not PART issue-26 34 15 built build VERB issue-26 34 16 up up ADP issue-26 34 17 yet yet ADV issue-26 34 18 , , PUNCT issue-26 34 19 and and CCONJ issue-26 34 20 the the DET issue-26 34 21 micro micro ADJ issue-26 34 22 level level NOUN issue-26 34 23 , , PUNCT issue-26 34 24 being be AUX issue-26 34 25 in in ADP issue-26 34 26 a a DET issue-26 34 27 state state NOUN issue-26 34 28 of of ADP issue-26 34 29 adaptation adaptation NOUN issue-26 34 30 to to ADP issue-26 34 31 the the DET issue-26 34 32 market market NOUN issue-26 34 33 environment environment NOUN issue-26 34 34 , , PUNCT issue-26 34 35 is be AUX issue-26 34 36 not not PART issue-26 34 37 able able ADJ issue-26 34 38 to to PART issue-26 34 39 respond respond VERB issue-26 34 40 with with ADP issue-26 34 41 the the DET issue-26 34 42 supply supply NOUN issue-26 34 43 elasticity elasticity NOUN issue-26 34 44 to to ADP issue-26 34 45 the the DET issue-26 34 46 strong strong ADJ issue-26 34 47 signals signal NOUN issue-26 34 48 of of ADP issue-26 34 49 the the DET issue-26 34 50 demand demand NOUN issue-26 34 51 , , PUNCT issue-26 34 52 as as ADV issue-26 34 53 well well ADV issue-26 34 54 as as ADP issue-26 34 55 the the DET issue-26 34 56 implementation implementation NOUN issue-26 34 57 of of ADP issue-26 34 58 demand demand NOUN issue-26 34 59 potential potential NOUN issue-26 34 60 occurs occur VERB issue-26 34 61 according accord VERB issue-26 34 62 to to ADP issue-26 34 63 the the DET issue-26 34 64 irrational irrational ADJ issue-26 34 65 system system NOUN issue-26 34 66 of of ADP issue-26 34 67 budget budget NOUN issue-26 34 68 expenditures expenditure NOUN issue-26 34 69 organization organization NOUN issue-26 34 70 and and CCONJ issue-26 34 71 allocation allocation NOUN issue-26 34 72 of of ADP issue-26 34 73 resources resource NOUN issue-26 34 74 , , PUNCT issue-26 34 75 monetization monetization NOUN issue-26 34 76 of of ADP issue-26 34 77 the the DET issue-26 34 78 budget budget NOUN issue-26 34 79 deficit deficit NOUN issue-26 34 80 , , PUNCT issue-26 34 81 being be AUX issue-26 34 82 reflected reflect VERB issue-26 34 83 on on ADP issue-26 34 84 the the DET issue-26 34 85 price price NOUN issue-26 34 86 growth growth NOUN issue-26 34 87 , , PUNCT issue-26 34 88 virtually virtually ADV issue-26 34 89 left leave VERB issue-26 34 90 the the DET issue-26 34 91 sphere sphere NOUN issue-26 34 92 of of ADP issue-26 34 93 supply supply NOUN issue-26 34 94 inert inert ADJ issue-26 34 95 to to ADP issue-26 34 96 the the DET issue-26 34 97 integration integration NOUN issue-26 34 98 of of ADP issue-26 34 99 recovery recovery NOUN issue-26 34 100 incentives incentive NOUN issue-26 34 101 . . PUNCT issue-26 35 1 growing grow VERB issue-26 35 2 demand demand NOUN issue-26 35 3 in in ADP issue-26 35 4 the the DET issue-26 35 5 public public ADJ issue-26 35 6 sector sector NOUN issue-26 35 7 within within ADP issue-26 35 8 the the DET issue-26 35 9 framework framework NOUN issue-26 35 10 of of ADP issue-26 35 11 active active ADJ issue-26 35 12 fiscal fiscal ADJ issue-26 35 13 and and CCONJ issue-26 35 14 monetary monetary ADJ issue-26 35 15 measures measure NOUN issue-26 35 16 baltic baltic ADJ issue-26 35 17 journal journal NOUN issue-26 35 18 of of ADP issue-26 35 19 economic economic ADJ issue-26 35 20 studies study NOUN issue-26 35 21 149 149 NUM issue-26 35 22 vol vol NOUN issue-26 35 23 . . PROPN issue-26 36 1 1 1 NUM issue-26 36 2 , , PUNCT issue-26 36 3 2015 2015 NUM issue-26 36 4 that that PRON issue-26 36 5 united unite VERB issue-26 36 6 in in ADP issue-26 36 7 the the DET issue-26 36 8 system system NOUN issue-26 36 9 of of ADP issue-26 36 10 deficit deficit NOUN issue-26 36 11 financing financing NOUN issue-26 36 12 allowed allow VERB issue-26 36 13 supporting support VERB issue-26 36 14 irrational irrational ADJ issue-26 36 15 economic economic ADJ issue-26 36 16 decisions decision NOUN issue-26 36 17 by by ADP issue-26 36 18 shifting shift VERB issue-26 36 19 the the DET issue-26 36 20 inflatory inflatory NOUN issue-26 36 21 - - PUNCT issue-26 36 22 taxation taxation NOUN issue-26 36 23 burden burden NOUN issue-26 36 24 to to ADP issue-26 36 25 the the DET issue-26 36 26 society society NOUN issue-26 36 27 . . PUNCT issue-26 37 1 processes process NOUN issue-26 37 2 of of ADP issue-26 37 3 debt debt NOUN issue-26 37 4 formation formation NOUN issue-26 37 5 , , PUNCT issue-26 37 6 which which PRON issue-26 37 7 are be AUX issue-26 37 8 subordinated subordinate VERB issue-26 37 9 to to ADP issue-26 37 10 macroeconomic macroeconomic ADJ issue-26 37 11 policy policy NOUN issue-26 37 12 , , PUNCT issue-26 37 13 combined combine VERB issue-26 37 14 fiscal fiscal ADJ issue-26 37 15 and and CCONJ issue-26 37 16 monetary monetary ADJ issue-26 37 17 measures measure NOUN issue-26 37 18 . . PUNCT issue-26 38 1 this this PRON issue-26 38 2 is be AUX issue-26 38 3 due due ADJ issue-26 38 4 to to ADP issue-26 38 5 the the DET issue-26 38 6 fact fact NOUN issue-26 38 7 that that SCONJ issue-26 38 8 the the DET issue-26 38 9 expansion expansion NOUN issue-26 38 10 of of ADP issue-26 38 11 domestic domestic ADJ issue-26 38 12 assets asset NOUN issue-26 38 13 of of ADP issue-26 38 14 nbu nbu NOUN issue-26 38 15 compensates compensate NOUN issue-26 38 16 for for ADP issue-26 38 17 the the DET issue-26 38 18 deficit deficit NOUN issue-26 38 19 of of ADP issue-26 38 20 tax tax NOUN issue-26 38 21 revenues revenue NOUN issue-26 38 22 ( ( PUNCT issue-26 38 23 emission emission NOUN issue-26 38 24 for for ADP issue-26 38 25 deficiency deficiency NOUN issue-26 38 26 payments payment NOUN issue-26 38 27 ) ) PUNCT issue-26 38 28 and and CCONJ issue-26 38 29 due due ADP issue-26 38 30 to to ADP issue-26 38 31 the the DET issue-26 38 32 fact fact NOUN issue-26 38 33 that that SCONJ issue-26 38 34 other other ADJ issue-26 38 35 measures measure NOUN issue-26 38 36 were be AUX issue-26 38 37 funded fund VERB issue-26 38 38 with with ADP issue-26 38 39 emission emission NOUN issue-26 38 40 which which PRON issue-26 38 41 was be AUX issue-26 38 42 written write VERB issue-26 38 43 - - PUNCT issue-26 38 44 off off NOUN issue-26 38 45 for for ADP issue-26 38 46 government government NOUN issue-26 38 47 debt debt NOUN issue-26 38 48 . . PUNCT issue-26 39 1 as as ADP issue-26 39 2 a a DET issue-26 39 3 result result NOUN issue-26 39 4 , , PUNCT issue-26 39 5 trying try VERB issue-26 39 6 to to PART issue-26 39 7 revive revive VERB issue-26 39 8 the the DET issue-26 39 9 situation situation NOUN issue-26 39 10 in in ADP issue-26 39 11 the the DET issue-26 39 12 real real ADJ issue-26 39 13 sector sector NOUN issue-26 39 14 the the DET issue-26 39 15 government government NOUN issue-26 39 16 pursued pursue VERB issue-26 39 17 expansionary expansionary ADJ issue-26 39 18 fiscal fiscal ADJ issue-26 39 19 and and CCONJ issue-26 39 20 monetary monetary ADJ issue-26 39 21 policy policy NOUN issue-26 39 22 , , PUNCT issue-26 39 23 which which PRON issue-26 39 24 is be AUX issue-26 39 25 why why SCONJ issue-26 39 26 the the DET issue-26 39 27 inflation inflation NOUN issue-26 39 28 explosion explosion NOUN issue-26 39 29 strengthened strengthen VERB issue-26 39 30 the the DET issue-26 39 31 tendency tendency NOUN issue-26 39 32 to to PART issue-26 39 33 unbalance unbalance VERB issue-26 39 34 the the DET issue-26 39 35 budget budget NOUN issue-26 39 36 ( ( PUNCT issue-26 39 37 the the DET issue-26 39 38 olivera olivera PROPN issue-26 39 39 – – PUNCT issue-26 39 40 tanzi tanzi ADJ issue-26 39 41 effect effect NOUN issue-26 39 42 ) ) PUNCT issue-26 39 43 , , PUNCT issue-26 39 44 therefore therefore ADV issue-26 39 45 , , PUNCT issue-26 39 46 the the DET issue-26 39 47 deficit deficit NOUN issue-26 39 48 financing financing NOUN issue-26 39 49 switched switch VERB issue-26 39 50 to to ADP issue-26 39 51 the the DET issue-26 39 52 self self NOUN issue-26 39 53 reproductive reproductive ADJ issue-26 39 54 basis basis NOUN issue-26 39 55 . . PUNCT issue-26 40 1 given give VERB issue-26 40 2 the the DET issue-26 40 3 above above ADJ issue-26 40 4 , , PUNCT issue-26 40 5 in in ADP issue-26 40 6 the the DET issue-26 40 7 initial initial ADJ issue-26 40 8 phase phase NOUN issue-26 40 9 of of ADP issue-26 40 10 transformation transformation NOUN issue-26 40 11 the the DET issue-26 40 12 debt debt NOUN issue-26 40 13 policy policy NOUN issue-26 40 14 was be AUX issue-26 40 15 in in ADP issue-26 40 16 direct direct ADJ issue-26 40 17 connection connection NOUN issue-26 40 18 with with ADP issue-26 40 19 fiscal fiscal ADJ issue-26 40 20 and and CCONJ issue-26 40 21 monetary monetary ADJ issue-26 40 22 ones one NOUN issue-26 40 23 and and CCONJ issue-26 40 24 became become VERB issue-26 40 25 almost almost ADV issue-26 40 26 the the DET issue-26 40 27 main main ADJ issue-26 40 28 instrument instrument NOUN issue-26 40 29 by by ADP issue-26 40 30 means mean NOUN issue-26 40 31 of of ADP issue-26 40 32 which which PRON issue-26 40 33 the the DET issue-26 40 34 priority priority NOUN issue-26 40 35 measures measure NOUN issue-26 40 36 of of ADP issue-26 40 37 macro macro NOUN issue-26 40 38 - - NOUN issue-26 40 39 regulation regulation NOUN issue-26 40 40 were be AUX issue-26 40 41 materialized materialize VERB issue-26 40 42 . . PUNCT issue-26 41 1 the the DET issue-26 41 2 necessity necessity NOUN issue-26 41 3 of of ADP issue-26 41 4 taking take VERB issue-26 41 5 macroeconomic macroeconomic ADJ issue-26 41 6 policy policy NOUN issue-26 41 7 off off ADP issue-26 41 8 into into ADP issue-26 41 9 the the DET issue-26 41 10 mode mode NOUN issue-26 41 11 of of ADP issue-26 41 12 stabilization stabilization NOUN issue-26 41 13 led lead VERB issue-26 41 14 to to ADP issue-26 41 15 the the DET issue-26 41 16 revision revision NOUN issue-26 41 17 of of ADP issue-26 41 18 the the DET issue-26 41 19 role role NOUN issue-26 41 20 of of ADP issue-26 41 21 debt debt NOUN issue-26 41 22 policy policy NOUN issue-26 41 23 in in ADP issue-26 41 24 the the DET issue-26 41 25 system system NOUN issue-26 41 26 of of ADP issue-26 41 27 government government NOUN issue-26 41 28 regulatory regulatory ADJ issue-26 41 29 measures measure NOUN issue-26 41 30 . . PUNCT issue-26 42 1 however however ADV issue-26 42 2 , , PUNCT issue-26 42 3 this this DET issue-26 42 4 process process NOUN issue-26 42 5 has have VERB issue-26 42 6 its its PRON issue-26 42 7 own own ADJ issue-26 42 8 characteristics characteristic NOUN issue-26 42 9 : : PUNCT issue-26 42 10 • • NOUN issue-26 42 11 in in ADP issue-26 42 12 the the DET issue-26 42 13 stabilization stabilization NOUN issue-26 42 14 period period NOUN issue-26 42 15 there there PRON issue-26 42 16 was be VERB issue-26 42 17 an an DET issue-26 42 18 attempt attempt NOUN issue-26 42 19 to to PART issue-26 42 20 limit limit VERB issue-26 42 21 the the DET issue-26 42 22 budget budget NOUN issue-26 42 23 deficiency deficiency NOUN issue-26 42 24 substantively substantively ADV issue-26 42 25 for for ADP issue-26 42 26 the the DET issue-26 42 27 anti anti ADJ issue-26 42 28 - - ADJ issue-26 42 29 inflationary inflationary ADJ issue-26 42 30 purpose purpose NOUN issue-26 42 31 . . PUNCT issue-26 43 1 however however ADV issue-26 43 2 , , PUNCT issue-26 43 3 the the DET issue-26 43 4 fiscal fiscal ADJ issue-26 43 5 policy policy NOUN issue-26 43 6 in in ADP issue-26 43 7 this this DET issue-26 43 8 period period NOUN issue-26 43 9 can can AUX issue-26 43 10 not not PART issue-26 43 11 be be AUX issue-26 43 12 considered consider VERB issue-26 43 13 restrictive restrictive ADJ issue-26 43 14 ; ; PUNCT issue-26 43 15 • • NUM issue-26 43 16 monetary monetary ADJ issue-26 43 17 control control NOUN issue-26 43 18 levers lever NOUN issue-26 43 19 were be AUX issue-26 43 20 subordinated subordinate VERB issue-26 43 21 to to ADP issue-26 43 22 the the DET issue-26 43 23 objectives objective NOUN issue-26 43 24 of of ADP issue-26 43 25 deficit deficit NOUN issue-26 43 26 financing financing NOUN issue-26 43 27 in in ADP issue-26 43 28 the the DET issue-26 43 29 sense sense NOUN issue-26 43 30 in in ADP issue-26 43 31 which which PRON issue-26 43 32 the the DET issue-26 43 33 fiscal fiscal ADJ issue-26 43 34 imbalance imbalance NOUN issue-26 43 35 and and CCONJ issue-26 43 36 structure structure NOUN issue-26 43 37 of of ADP issue-26 43 38 deficiency deficiency NOUN issue-26 43 39 payments payment NOUN issue-26 43 40 serve serve VERB issue-26 43 41 as as ADP issue-26 43 42 the the DET issue-26 43 43 imperative imperative NOUN issue-26 43 44 of of ADP issue-26 43 45 the the DET issue-26 43 46 money money NOUN issue-26 43 47 supply supply NOUN issue-26 43 48 of of ADP issue-26 43 49 the the DET issue-26 43 50 central central ADJ issue-26 43 51 bank bank NOUN issue-26 43 52 which which PRON issue-26 43 53 , , PUNCT issue-26 43 54 at at ADP issue-26 43 55 the the DET issue-26 43 56 same same ADJ issue-26 43 57 time time NOUN issue-26 43 58 , , PUNCT issue-26 43 59 conducted conduct VERB issue-26 43 60 a a DET issue-26 43 61 pronounced pronounce VERB issue-26 43 62 restrictive restrictive ADJ issue-26 43 63 policy policy NOUN issue-26 43 64 using use VERB issue-26 43 65 the the DET issue-26 43 66 available available ADJ issue-26 43 67 monetary monetary ADJ issue-26 43 68 policy policy NOUN issue-26 43 69 tools tool NOUN issue-26 43 70 ; ; PUNCT issue-26 43 71 • • NUM issue-26 43 72 taking take VERB issue-26 43 73 into into ADP issue-26 43 74 account account NOUN issue-26 43 75 experience experience NOUN issue-26 43 76 of of ADP issue-26 43 77 implementation implementation NOUN issue-26 43 78 of of ADP issue-26 43 79 similar similar ADJ issue-26 43 80 programs program NOUN issue-26 43 81 with with ADP issue-26 43 82 the the DET issue-26 43 83 bretton bretton PROPN issue-26 43 84 woods wood NOUN issue-26 43 85 institutions institution NOUN issue-26 43 86 , , PUNCT issue-26 43 87 in in ADP issue-26 43 88 general general ADJ issue-26 43 89 , , PUNCT issue-26 43 90 instrument instrument NOUN issue-26 43 91 of of ADP issue-26 43 92 macroeconomic macroeconomic ADJ issue-26 43 93 stabilization stabilization NOUN issue-26 43 94 is be AUX issue-26 43 95 not not PART issue-26 43 96 so so ADV issue-26 43 97 much much ADV issue-26 43 98 based base VERB issue-26 43 99 on on ADP issue-26 43 100 decisions decision NOUN issue-26 43 101 regarding regard VERB issue-26 43 102 government government NOUN issue-26 43 103 debt debt NOUN issue-26 43 104 as as ADP issue-26 43 105 subordinated subordinated ADJ issue-26 43 106 debt debt NOUN issue-26 43 107 policy policy NOUN issue-26 43 108 to to ADP issue-26 43 109 the the DET issue-26 43 110 objectives objective NOUN issue-26 43 111 of of ADP issue-26 43 112 stabilization stabilization NOUN issue-26 43 113 which which PRON issue-26 43 114 eventually eventually ADV issue-26 43 115 determines determine VERB issue-26 43 116 tendencies tendency NOUN issue-26 43 117 in in ADP issue-26 43 118 the the DET issue-26 43 119 area area NOUN issue-26 43 120 of of ADP issue-26 43 121 government government NOUN issue-26 43 122 debt debt NOUN issue-26 43 123 ; ; PUNCT issue-26 43 124 • • NUM issue-26 43 125 implementation implementation NOUN issue-26 43 126 of of ADP issue-26 43 127 the the DET issue-26 43 128 stabilization stabilization NOUN issue-26 43 129 policy policy NOUN issue-26 43 130 has have AUX issue-26 43 131 fundamentally fundamentally ADV issue-26 43 132 updated update VERB issue-26 43 133 the the DET issue-26 43 134 system system NOUN issue-26 43 135 of of ADP issue-26 43 136 the the DET issue-26 43 137 relationship relationship NOUN issue-26 43 138 between between ADP issue-26 43 139 fiscal fiscal ADJ issue-26 43 140 and and CCONJ issue-26 43 141 monetary monetary ADJ issue-26 43 142 policy policy NOUN issue-26 43 143 on on ADP issue-26 43 144 the the DET issue-26 43 145 one one NUM issue-26 43 146 hand hand NOUN issue-26 43 147 and and CCONJ issue-26 43 148 the the DET issue-26 43 149 debt debt NOUN issue-26 43 150 policy policy NOUN issue-26 43 151 on on ADP issue-26 43 152 the the DET issue-26 43 153 other other ADJ issue-26 43 154 . . PUNCT issue-26 44 1 this this PRON issue-26 44 2 is be AUX issue-26 44 3 connected connect VERB issue-26 44 4 with with ADP issue-26 44 5 the the DET issue-26 44 6 fact fact NOUN issue-26 44 7 that that SCONJ issue-26 44 8 some some DET issue-26 44 9 debt debt NOUN issue-26 44 10 formation formation NOUN issue-26 44 11 factors factor NOUN issue-26 44 12 ( ( PUNCT issue-26 44 13 including include VERB issue-26 44 14 the the DET issue-26 44 15 formation formation NOUN issue-26 44 16 of of ADP issue-26 44 17 the the DET issue-26 44 18 stabilization stabilization NOUN issue-26 44 19 monetary monetary ADJ issue-26 44 20 fund fund NOUN issue-26 44 21 and and CCONJ issue-26 44 22 balance balance NOUN issue-26 44 23 of of ADP issue-26 44 24 payments payment NOUN issue-26 44 25 support support NOUN issue-26 44 26 ) ) PUNCT issue-26 44 27 are be AUX issue-26 44 28 directly directly ADV issue-26 44 29 subordinated subordinate VERB issue-26 44 30 to to ADP issue-26 44 31 the the DET issue-26 44 32 task task NOUN issue-26 44 33 of of ADP issue-26 44 34 stabilization stabilization NOUN issue-26 44 35 , , PUNCT issue-26 44 36 and and CCONJ issue-26 44 37 others other NOUN issue-26 44 38 , , PUNCT issue-26 44 39 which which PRON issue-26 44 40 are be AUX issue-26 44 41 connected connect VERB issue-26 44 42 with with ADP issue-26 44 43 the the DET issue-26 44 44 development development NOUN issue-26 44 45 of of ADP issue-26 44 46 debt debt NOUN issue-26 44 47 instruments instrument NOUN issue-26 44 48 in in ADP issue-26 44 49 the the DET issue-26 44 50 market market NOUN issue-26 44 51 direction direction NOUN issue-26 44 52 , , PUNCT issue-26 44 53 revealed reveal VERB issue-26 44 54 themselves themselves PRON issue-26 44 55 as as ADP issue-26 44 56 indirect indirect ADJ issue-26 44 57 means mean NOUN issue-26 44 58 of of ADP issue-26 44 59 carrying carry VERB issue-26 44 60 out out ADP issue-26 44 61 macroeconomic macroeconomic ADJ issue-26 44 62 policy policy NOUN issue-26 44 63 . . PUNCT issue-26 45 1 namely namely ADV issue-26 45 2 this this PRON issue-26 45 3 gives give VERB issue-26 45 4 place place NOUN issue-26 45 5 to to ADP issue-26 45 6 the the DET issue-26 45 7 fact fact NOUN issue-26 45 8 that that SCONJ issue-26 45 9 starting start VERB issue-26 45 10 from from ADP issue-26 45 11 the the DET issue-26 45 12 stage stage NOUN issue-26 45 13 of of ADP issue-26 45 14 stabilization stabilization NOUN issue-26 45 15 in in ADP issue-26 45 16 the the DET issue-26 45 17 process process NOUN issue-26 45 18 of of ADP issue-26 45 19 transformation transformation NOUN issue-26 45 20 the the DET issue-26 45 21 debt debt NOUN issue-26 45 22 policy policy NOUN issue-26 45 23 measures measure NOUN issue-26 45 24 , , PUNCT issue-26 45 25 with with ADP issue-26 45 26 the the DET issue-26 45 27 development development NOUN issue-26 45 28 of of ADP issue-26 45 29 marketoriented marketoriente VERB issue-26 45 30 processes process NOUN issue-26 45 31 , , PUNCT issue-26 45 32 retain retain VERB issue-26 45 33 their their PRON issue-26 45 34 direct direct ADJ issue-26 45 35 relationship relationship NOUN issue-26 45 36 with with ADP issue-26 45 37 macroeconomic macroeconomic ADJ issue-26 45 38 decisions decision NOUN issue-26 45 39 , , PUNCT issue-26 45 40 and and CCONJ issue-26 45 41 created create VERB issue-26 45 42 the the DET issue-26 45 43 preconditions precondition NOUN issue-26 45 44 for for ADP issue-26 45 45 materialization materialization NOUN issue-26 45 46 of of ADP issue-26 45 47 indirect indirect ADJ issue-26 45 48 connection connection NOUN issue-26 45 49 with with ADP issue-26 45 50 macroeconomic macroeconomic ADJ issue-26 45 51 policy policy NOUN issue-26 45 52 . . PUNCT issue-26 46 1 in in ADP issue-26 46 2 the the DET issue-26 46 3 world world NOUN issue-26 46 4 practice practice NOUN issue-26 46 5 there there PRON issue-26 46 6 are be VERB issue-26 46 7 well well ADV issue-26 46 8 - - PUNCT issue-26 46 9 known know VERB issue-26 46 10 macroeconomic macroeconomic ADJ issue-26 46 11 stabilization stabilization NOUN issue-26 46 12 programs program NOUN issue-26 46 13 in in ADP issue-26 46 14 which which PRON issue-26 46 15 the the DET issue-26 46 16 exchange exchange NOUN issue-26 46 17 rate rate NOUN issue-26 46 18 ( ( PUNCT issue-26 46 19 poland poland PROPN issue-26 46 20 , , PUNCT issue-26 46 21 estonia estonia PROPN issue-26 46 22 , , PUNCT issue-26 46 23 and and CCONJ issue-26 46 24 bulgaria bulgaria PROPN issue-26 46 25 ) ) PUNCT issue-26 46 26 or or CCONJ issue-26 46 27 money money NOUN issue-26 46 28 supply supply NOUN issue-26 46 29 ( ( PUNCT issue-26 46 30 ukraine ukraine NOUN issue-26 46 31 , , PUNCT issue-26 46 32 russia russia PROPN issue-26 46 33 , , PUNCT issue-26 46 34 latvia latvia PROPN issue-26 46 35 , , PUNCT issue-26 46 36 and and CCONJ issue-26 46 37 romania romania PROPN issue-26 46 38 ) ) PUNCT issue-26 46 39 used use VERB issue-26 46 40 as as ADP issue-26 46 41 the the DET issue-26 46 42 basis basis NOUN issue-26 46 43 ( ( PUNCT issue-26 46 44 bofinger bofinger NOUN issue-26 46 45 , , PUNCT issue-26 46 46 p. p. NOUN issue-26 46 47 , , PUNCT issue-26 46 48 flassbeck flassbeck PROPN issue-26 46 49 g. g. PROPN issue-26 46 50 , , PUNCT issue-26 46 51 & & CCONJ issue-26 46 52 hoffmann hoffmann PROPN issue-26 46 53 , , PUNCT issue-26 46 54 l. l. PROPN issue-26 46 55 , , PUNCT issue-26 46 56 1995 1995 NUM issue-26 46 57 ) ) PUNCT issue-26 46 58 . . PUNCT issue-26 47 1 one one PRON issue-26 47 2 can can AUX issue-26 47 3 assume assume VERB issue-26 47 4 that that SCONJ issue-26 47 5 in in ADP issue-26 47 6 the the DET issue-26 47 7 system system NOUN issue-26 47 8 of of ADP issue-26 47 9 macroeconomic macroeconomic ADJ issue-26 47 10 stabilization stabilization NOUN issue-26 47 11 , , PUNCT issue-26 47 12 in in ADP issue-26 47 13 which which PRON issue-26 47 14 the the DET issue-26 47 15 exchange exchange NOUN issue-26 47 16 rate rate NOUN issue-26 47 17 is be AUX issue-26 47 18 seen see VERB issue-26 47 19 by by ADP issue-26 47 20 the the DET issue-26 47 21 monetary monetary ADJ issue-26 47 22 authorities authority NOUN issue-26 47 23 as as ADP issue-26 47 24 the the DET issue-26 47 25 basis basis NOUN issue-26 47 26 , , PUNCT issue-26 47 27 it it PRON issue-26 47 28 is be AUX issue-26 47 29 a a DET issue-26 47 30 necessity necessity NOUN issue-26 47 31 to to PART issue-26 47 32 have have AUX issue-26 47 33 significant significant ADJ issue-26 47 34 international international ADJ issue-26 47 35 reserves reserve NOUN issue-26 47 36 to to PART issue-26 47 37 prevent prevent VERB issue-26 47 38 speculation speculation NOUN issue-26 47 39 in in ADP issue-26 47 40 order order NOUN issue-26 47 41 to to PART issue-26 47 42 maintain maintain VERB issue-26 47 43 its its PRON issue-26 47 44 target target NOUN issue-26 47 45 value value NOUN issue-26 47 46 . . PUNCT issue-26 48 1 in in ADP issue-26 48 2 ukraine ukraine PROPN issue-26 48 3 the the DET issue-26 48 4 money money NOUN issue-26 48 5 supply supply NOUN issue-26 48 6 was be AUX issue-26 48 7 chosen choose VERB issue-26 48 8 as as ADP issue-26 48 9 the the DET issue-26 48 10 basis basis NOUN issue-26 48 11 in in ADP issue-26 48 12 the the DET issue-26 48 13 process process NOUN issue-26 48 14 of of ADP issue-26 48 15 implementation implementation NOUN issue-26 48 16 of of ADP issue-26 48 17 the the DET issue-26 48 18 macro macro ADJ issue-26 48 19 - - NOUN issue-26 48 20 stabilization stabilization NOUN issue-26 48 21 program program NOUN issue-26 48 22 but but CCONJ issue-26 48 23 nbu nbu PROPN issue-26 48 24 started start VERB issue-26 48 25 to to PART issue-26 48 26 form form VERB issue-26 48 27 significant significant ADJ issue-26 48 28 assets asset NOUN issue-26 48 29 and and CCONJ issue-26 48 30 liabilities liability NOUN issue-26 48 31 in in ADP issue-26 48 32 foreign foreign ADJ issue-26 48 33 currency currency NOUN issue-26 48 34 namely namely ADV issue-26 48 35 with with ADP issue-26 48 36 the the DET issue-26 48 37 help help NOUN issue-26 48 38 of of ADP issue-26 48 39 credit credit NOUN issue-26 48 40 cooperation cooperation NOUN issue-26 48 41 with with ADP issue-26 48 42 inf inf PROPN issue-26 48 43 . . PUNCT issue-26 49 1 recent recent ADJ issue-26 49 2 data datum NOUN issue-26 49 3 on on ADP issue-26 49 4 the the DET issue-26 49 5 structure structure NOUN issue-26 49 6 of of ADP issue-26 49 7 the the DET issue-26 49 8 ppg ppg NOUN issue-26 49 9 debt debt NOUN issue-26 49 10 in in ADP issue-26 49 11 view view NOUN issue-26 49 12 of of ADP issue-26 49 13 repayment repayment NOUN issue-26 49 14 currency currency NOUN issue-26 49 15 as as ADP issue-26 49 16 at at ADP issue-26 49 17 31.12.2014 31.12.2014 NUM issue-26 49 18 is be AUX issue-26 49 19 shown show VERB issue-26 49 20 in in ADP issue-26 49 21 figure figure NOUN issue-26 49 22 1 1 NUM issue-26 49 23 . . PUNCT issue-26 50 1 usd usd NOUN issue-26 50 2 44,89 44,89 NUM issue-26 50 3 % % NOUN issue-26 50 4 eur eur PROPN issue-26 50 5 5,30 5,30 NUM issue-26 50 6 % % NOUN issue-26 50 7 sdr sdr NOUN issue-26 50 8 10,90 10,90 NUM issue-26 50 9 % % NOUN issue-26 50 10 uah uah ADJ issue-26 50 11 38,32 38,32 NUM issue-26 50 12 % % NOUN issue-26 50 13 jpy jpy PROPN issue-26 50 14 0,35 0,35 X issue-26 50 15 % % NOUN issue-26 50 16 cad cad NOUN issue-26 50 17 0,25 0,25 NUM issue-26 50 18 % % PROPN issue-26 50 19 fig fig NOUN issue-26 50 20 . . PUNCT issue-26 51 1 1 1 X issue-26 51 2 . . X issue-26 51 3 structure structure NOUN issue-26 51 4 of of ADP issue-26 51 5 public public ADJ issue-26 51 6 and and CCONJ issue-26 51 7 publicly publicly ADV issue-26 51 8 guaranteed guarantee VERB issue-26 51 9 debt debt NOUN issue-26 51 10 by by ADP issue-26 51 11 currency currency NOUN issue-26 51 12 of of ADP issue-26 51 13 repayment repayment NOUN issue-26 51 14 as as ADP issue-26 51 15 of of ADP issue-26 51 16 31.12.2014 31.12.2014 NUM issue-26 51 17 p. p. NOUN issue-26 51 18 indirect indirect ADJ issue-26 51 19 connection connection NOUN issue-26 51 20 of of ADP issue-26 51 21 the the DET issue-26 51 22 debt debt NOUN issue-26 51 23 policy policy NOUN issue-26 51 24 with with ADP issue-26 51 25 the the DET issue-26 51 26 measures measure NOUN issue-26 51 27 for for ADP issue-26 51 28 macroeconomic macroeconomic ADJ issue-26 51 29 stabilization stabilization NOUN issue-26 51 30 was be AUX issue-26 51 31 materialized materialize VERB issue-26 51 32 in in ADP issue-26 51 33 transformation transformation NOUN issue-26 51 34 of of ADP issue-26 51 35 the the DET issue-26 51 36 structure structure NOUN issue-26 51 37 of of ADP issue-26 51 38 the the DET issue-26 51 39 budget budget NOUN issue-26 51 40 deficiency deficiency NOUN issue-26 51 41 payment payment NOUN issue-26 51 42 . . PUNCT issue-26 52 1 as as ADP issue-26 52 2 a a DET issue-26 52 3 result result NOUN issue-26 52 4 , , PUNCT issue-26 52 5 the the DET issue-26 52 6 creation creation NOUN issue-26 52 7 and and CCONJ issue-26 52 8 emission emission NOUN issue-26 52 9 of of ADP issue-26 52 10 market market NOUN issue-26 52 11 debt debt NOUN issue-26 52 12 instruments instrument NOUN issue-26 52 13 envisaged envisage VERB issue-26 52 14 the the DET issue-26 52 15 replacement replacement NOUN issue-26 52 16 of of ADP issue-26 52 17 nbu nbu NOUN issue-26 52 18 emission emission NOUN issue-26 52 19 loans loan NOUN issue-26 52 20 and and CCONJ issue-26 52 21 the the DET issue-26 52 22 formation formation NOUN issue-26 52 23 of of ADP issue-26 52 24 domestic domestic ADJ issue-26 52 25 debt debt NOUN issue-26 52 26 on on ADP issue-26 52 27 a a DET issue-26 52 28 new new ADJ issue-26 52 29 basis basis NOUN issue-26 52 30 . . PUNCT issue-26 53 1 implementation implementation NOUN issue-26 53 2 of of ADP issue-26 53 3 macro macro ADJ issue-26 53 4 stabilization stabilization NOUN issue-26 53 5 , , PUNCT issue-26 53 6 being be AUX issue-26 53 7 reflected reflect VERB issue-26 53 8 on on ADP issue-26 53 9 the the DET issue-26 53 10 deepening deepening NOUN issue-26 53 11 of of ADP issue-26 53 12 reforms reform NOUN issue-26 53 13 at at ADP issue-26 53 14 the the DET issue-26 53 15 micro micro ADJ issue-26 53 16 level level NOUN issue-26 53 17 , , PUNCT issue-26 53 18 have have VERB issue-26 53 19 an an DET issue-26 53 20 impact impact NOUN issue-26 53 21 on on ADP issue-26 53 22 the the DET issue-26 53 23 slowdown slowdown NOUN issue-26 53 24 of of ADP issue-26 53 25 free free ADJ issue-26 53 26 energy energy NOUN issue-26 53 27 consumption consumption NOUN issue-26 53 28 by by ADP issue-26 53 29 public public ADJ issue-26 53 30 sector sector NOUN issue-26 53 31 enterprises enterprise NOUN issue-26 53 32 through through ADP issue-26 53 33 the the DET issue-26 53 34 accumulation accumulation NOUN issue-26 53 35 of of ADP issue-26 53 36 external external ADJ issue-26 53 37 debt debt NOUN issue-26 53 38 . . PUNCT issue-26 54 1 if if SCONJ issue-26 54 2 in in ADP issue-26 54 3 the the DET issue-26 54 4 initial initial ADJ issue-26 54 5 period period NOUN issue-26 54 6 of of ADP issue-26 54 7 stabilization stabilization NOUN issue-26 54 8 of of ADP issue-26 54 9 the the DET issue-26 54 10 economy economy NOUN issue-26 54 11 the the DET issue-26 54 12 dominance dominance NOUN issue-26 54 13 of of ADP issue-26 54 14 direct direct ADJ issue-26 54 15 connection connection NOUN issue-26 54 16 of of ADP issue-26 54 17 debt debt NOUN issue-26 54 18 policy policy NOUN issue-26 54 19 with with ADP issue-26 54 20 macroeconomic macroeconomic ADJ issue-26 54 21 measures measure NOUN issue-26 54 22 was be AUX issue-26 54 23 traced trace VERB issue-26 54 24 , , PUNCT issue-26 54 25 then then ADV issue-26 54 26 in in ADP issue-26 54 27 the the DET issue-26 54 28 prestabilization prestabilization NOUN issue-26 54 29 period period NOUN issue-26 54 30 instruments instrument NOUN issue-26 54 31 of of ADP issue-26 54 32 government government NOUN issue-26 54 33 loans loan NOUN issue-26 54 34 are be AUX issue-26 54 35 increasingly increasingly ADV issue-26 54 36 beginning begin VERB issue-26 54 37 to to PART issue-26 54 38 be be AUX issue-26 54 39 used use VERB issue-26 54 40 indirectly indirectly ADV issue-26 54 41 in in ADP issue-26 54 42 the the DET issue-26 54 43 regulation regulation NOUN issue-26 54 44 of of ADP issue-26 54 45 macroeconomic macroeconomic ADJ issue-26 54 46 processes process NOUN issue-26 54 47 under under ADP issue-26 54 48 the the DET issue-26 54 49 simultaneous simultaneous ADJ issue-26 54 50 preservation preservation NOUN issue-26 54 51 of of ADP issue-26 54 52 dominant dominant ADJ issue-26 54 53 role role NOUN issue-26 54 54 of of ADP issue-26 54 55 the the DET issue-26 54 56 state state NOUN issue-26 54 57 borrowing borrowing NOUN issue-26 54 58 for for ADP issue-26 54 59 the the DET issue-26 54 60 maintaining maintaining NOUN issue-26 54 61 of of ADP issue-26 54 62 fiscal fiscal ADJ issue-26 54 63 policy policy NOUN issue-26 54 64 . . PUNCT issue-26 55 1 speaking speak VERB issue-26 55 2 from from ADP issue-26 55 3 the the DET issue-26 55 4 perspective perspective NOUN issue-26 55 5 of of ADP issue-26 55 6 the the DET issue-26 55 7 implementation implementation NOUN issue-26 55 8 of of ADP issue-26 55 9 the the DET issue-26 55 10 stabilization stabilization NOUN issue-26 55 11 doctrine doctrine NOUN issue-26 55 12 transformation transformation NOUN issue-26 55 13 , , PUNCT issue-26 55 14 the the DET issue-26 55 15 fiscal fiscal ADJ issue-26 55 16 policy policy NOUN issue-26 55 17 would would AUX issue-26 55 18 have have VERB issue-26 55 19 to to PART issue-26 55 20 have have VERB issue-26 55 21 the the DET issue-26 55 22 nature nature NOUN issue-26 55 23 restraining restrain VERB issue-26 55 24 aggregate aggregate ADJ issue-26 55 25 demand demand NOUN issue-26 55 26 . . PUNCT issue-26 56 1 at at ADP issue-26 56 2 the the DET issue-26 56 3 same same ADJ issue-26 56 4 time time NOUN issue-26 56 5 , , PUNCT issue-26 56 6 fiscal fiscal ADJ issue-26 56 7 government government NOUN issue-26 56 8 decisions decision NOUN issue-26 56 9 in in ADP issue-26 56 10 baltic baltic ADJ issue-26 56 11 journal journal PROPN issue-26 56 12 of of ADP issue-26 56 13 economic economic ADJ issue-26 56 14 studies study NOUN issue-26 56 15 150 150 NUM issue-26 56 16 vol vol NOUN issue-26 56 17 . . PROPN issue-26 57 1 1 1 NUM issue-26 57 2 , , PUNCT issue-26 57 3 2015 2015 NUM issue-26 57 4 the the DET issue-26 57 5 post post ADJ issue-26 57 6 - - ADJ issue-26 57 7 stabilization stabilization ADJ issue-26 57 8 phase phase NOUN issue-26 57 9 of of ADP issue-26 57 10 reforms reform NOUN issue-26 57 11 faced face VERB issue-26 57 12 the the DET issue-26 57 13 effect effect NOUN issue-26 57 14 of of ADP issue-26 57 15 such such ADJ issue-26 57 16 transition transition NOUN issue-26 57 17 regularity regularity NOUN issue-26 57 18 as as ADP issue-26 57 19 repeated repeat VERB issue-26 57 20 destabilization destabilization NOUN issue-26 57 21 of of ADP issue-26 57 22 the the DET issue-26 57 23 financial financial ADJ issue-26 57 24 system system NOUN issue-26 57 25 ( ( PUNCT issue-26 57 26 described describe VERB issue-26 57 27 by by ADP issue-26 57 28 m. m. PROPN issue-26 57 29 dąbrowski dąbrowski PROPN issue-26 57 30 ) ) PUNCT issue-26 57 31 , , PUNCT issue-26 57 32 which which PRON issue-26 57 33 determined determine VERB issue-26 57 34 the the DET issue-26 57 35 dominant dominant ADJ issue-26 57 36 role role NOUN issue-26 57 37 of of ADP issue-26 57 38 deficit deficit NOUN issue-26 57 39 financing financing NOUN issue-26 57 40 in in ADP issue-26 57 41 such such DET issue-26 57 42 a a DET issue-26 57 43 policy policy NOUN issue-26 57 44 . . PUNCT issue-26 58 1 attempts attempt NOUN issue-26 58 2 to to PART issue-26 58 3 increase increase VERB issue-26 58 4 the the DET issue-26 58 5 aggregate aggregate ADJ issue-26 58 6 demand demand NOUN issue-26 58 7 in in ADP issue-26 58 8 the the DET issue-26 58 9 transitional transitional ADJ issue-26 58 10 economy economy NOUN issue-26 58 11 using use VERB issue-26 58 12 the the DET issue-26 58 13 deficit deficit NOUN issue-26 58 14 financing financing NOUN issue-26 58 15 without without ADP issue-26 58 16 resorting resort VERB issue-26 58 17 to to ADP issue-26 58 18 fiscal fiscal ADJ issue-26 58 19 restriction restriction NOUN issue-26 58 20 in in ADP issue-26 58 21 post post ADJ issue-26 58 22 - - ADJ issue-26 58 23 stabilization stabilization ADJ issue-26 58 24 period period NOUN issue-26 58 25 are be AUX issue-26 58 26 exposed expose VERB issue-26 58 27 to to ADP issue-26 58 28 structural structural ADJ issue-26 58 29 and and CCONJ issue-26 58 30 institutional institutional ADJ issue-26 58 31 barriers barrier NOUN issue-26 58 32 . . PUNCT issue-26 59 1 a. a. NOUN issue-26 59 2     SPACE issue-26 59 3 siedenberg siedenberg PROPN issue-26 59 4 and and CCONJ issue-26 59 5 l. l. PROPN issue-26 59 6 hoffmann hoffmann PROPN issue-26 59 7 note note PROPN issue-26 59 8 : : PUNCT issue-26 59 9 “ " PUNCT issue-26 59 10 … … PUNCT issue-26 59 11 as as SCONJ issue-26 59 12 kornai kornai ADJ issue-26 59 13 noted note VERB issue-26 59 14     SPACE issue-26 59 15 … … PUNCT issue-26 59 16 keynesian keynesian ADJ issue-26 59 17 effects effect NOUN issue-26 59 18 will will AUX issue-26 59 19 be be AUX issue-26 59 20 actualized actualize VERB issue-26 59 21 only only ADV issue-26 59 22 after after ADP issue-26 59 23 final final ADJ issue-26 59 24 formation formation NOUN issue-26 59 25 of of ADP issue-26 59 26 a a DET issue-26 59 27 strict strict ADJ issue-26 59 28 budgetary budgetary ADJ issue-26 59 29 environment environment NOUN issue-26 59 30 : : PUNCT issue-26 59 31 but but CCONJ issue-26 59 32 as as ADV issue-26 59 33 long long ADV issue-26 59 34 as as ADP issue-26 59 35 “ " PUNCT issue-26 59 36 socialistic socialistic ADJ issue-26 59 37 ” " PUNCT issue-26 59 38 tendency tendency NOUN issue-26 59 39 of of ADP issue-26 59 40 government government NOUN issue-26 59 41 expenditures expenditure NOUN issue-26 59 42 towards towards ADP issue-26 59 43 the the DET issue-26 59 44 less less ADV issue-26 59 45 productive productive ADJ issue-26 59 46 sectors sector NOUN issue-26 59 47 continues continue VERB issue-26 59 48 , , PUNCT issue-26 59 49 this this DET issue-26 59 50 effect effect NOUN issue-26 59 51 will will AUX issue-26 59 52 be be AUX issue-26 59 53 negative negative ADJ issue-26 59 54 ” " PUNCT issue-26 59 55 ( ( PUNCT issue-26 59 56 siedenberg siedenberg PROPN issue-26 59 57 a. a. PROPN issue-26 59 58 , , PUNCT issue-26 59 59 & & CCONJ issue-26 59 60 hoffmann hoffmann PROPN issue-26 59 61 , , PUNCT issue-26 59 62 l. l. PROPN issue-26 59 63 , , PUNCT issue-26 59 64 1998 1998 NUM issue-26 59 65 ) ) PUNCT issue-26 59 66 . . PUNCT issue-26 60 1 conduction conduction NOUN issue-26 60 2 of of ADP issue-26 60 3 the the DET issue-26 60 4 soft soft ADJ issue-26 60 5 fiscal fiscal ADJ issue-26 60 6 policy policy NOUN issue-26 60 7 , , PUNCT issue-26 60 8 which which PRON issue-26 60 9 is be AUX issue-26 60 10 based base VERB issue-26 60 11 on on ADP issue-26 60 12 the the DET issue-26 60 13 debt debt NOUN issue-26 60 14 expansion expansion NOUN issue-26 60 15 , , PUNCT issue-26 60 16 will will AUX issue-26 60 17 enhance enhance VERB issue-26 60 18 the the DET issue-26 60 19 disbalance disbalance NOUN issue-26 60 20 of of ADP issue-26 60 21 reproduction reproduction NOUN issue-26 60 22 processes process NOUN issue-26 60 23 without without ADP issue-26 60 24 regard regard NOUN issue-26 60 25 to to ADP issue-26 60 26 systemic systemic ADJ issue-26 60 27 measures measure NOUN issue-26 60 28 which which PRON issue-26 60 29 would would AUX issue-26 60 30 have have VERB issue-26 60 31 positive positive ADJ issue-26 60 32 macro macro NOUN issue-26 60 33 and and CCONJ issue-26 60 34 microeconomic microeconomic ADJ issue-26 60 35 consequences consequence NOUN issue-26 60 36 . . PUNCT issue-26 61 1 as as ADP issue-26 61 2 a a DET issue-26 61 3 result result NOUN issue-26 61 4 , , PUNCT issue-26 61 5 channels channel NOUN issue-26 61 6 of of ADP issue-26 61 7 impulses impulse NOUN issue-26 61 8 transmission transmission NOUN issue-26 61 9 , , PUNCT issue-26 61 10 from from ADP issue-26 61 11 the the DET issue-26 61 12 point point NOUN issue-26 61 13 of of ADP issue-26 61 14 view view NOUN issue-26 61 15 of of ADP issue-26 61 16 decisions decision NOUN issue-26 61 17 taken take VERB issue-26 61 18 within within ADP issue-26 61 19 a a DET issue-26 61 20 stimulating stimulating ADJ issue-26 61 21 fiscal fiscal ADJ issue-26 61 22 policy policy NOUN issue-26 61 23 , , PUNCT issue-26 61 24 not not PART issue-26 61 25 only only ADV issue-26 61 26 do do AUX issue-26 61 27 not not PART issue-26 61 28 undergo undergo VERB issue-26 61 29 formation formation NOUN issue-26 61 30 , , PUNCT issue-26 61 31 but but CCONJ issue-26 61 32 , , PUNCT issue-26 61 33 on on ADP issue-26 61 34 the the DET issue-26 61 35 contrary contrary NOUN issue-26 61 36 , , PUNCT issue-26 61 37 experience experience NOUN issue-26 61 38 growing grow VERB issue-26 61 39 tendency tendency NOUN issue-26 61 40 of of ADP issue-26 61 41 their their PRON issue-26 61 42 disintegration disintegration NOUN issue-26 61 43 . . PUNCT issue-26 62 1 the the DET issue-26 62 2 manifestation manifestation NOUN issue-26 62 3 of of ADP issue-26 62 4 crowding crowd VERB issue-26 62 5 - - PUNCT issue-26 62 6 out out ADP issue-26 62 7 effect effect NOUN issue-26 62 8 , , PUNCT issue-26 62 9 reinforced reinforce VERB issue-26 62 10 by by ADP issue-26 62 11 relatively relatively ADV issue-26 62 12 tough tough ADJ issue-26 62 13 monetary monetary ADJ issue-26 62 14 policy policy NOUN issue-26 62 15 , , PUNCT issue-26 62 16 appears appear VERB issue-26 62 17 on on ADP issue-26 62 18 the the DET issue-26 62 19 separation separation NOUN issue-26 62 20 of of ADP issue-26 62 21 the the DET issue-26 62 22 real real ADJ issue-26 62 23 sector sector NOUN issue-26 62 24 from from ADP issue-26 62 25 monetary monetary ADJ issue-26 62 26 and and CCONJ issue-26 62 27 budget budget NOUN issue-26 62 28 ones one NOUN issue-26 62 29 . . PUNCT issue-26 63 1 the the DET issue-26 63 2 debt debt NOUN issue-26 63 3 crisis crisis NOUN issue-26 63 4 in in ADP issue-26 63 5 ukraine ukraine NOUN issue-26 63 6 , , PUNCT issue-26 63 7 the the DET issue-26 63 8 gradual gradual ADJ issue-26 63 9 reduction reduction NOUN issue-26 63 10 in in ADP issue-26 63 11 the the DET issue-26 63 12 primary primary ADJ issue-26 63 13 deficit deficit NOUN issue-26 63 14 and and CCONJ issue-26 63 15 the the DET issue-26 63 16 need need NOUN issue-26 63 17 to to PART issue-26 63 18 ensure ensure VERB issue-26 63 19 a a DET issue-26 63 20 primary primary ADJ issue-26 63 21 budget budget NOUN issue-26 63 22 surplus surplus NOUN issue-26 63 23 with with ADP issue-26 63 24 the the DET issue-26 63 25 purpose purpose NOUN issue-26 63 26 of of ADP issue-26 63 27 the the DET issue-26 63 28 suspension suspension NOUN issue-26 63 29 of of ADP issue-26 63 30 public public ADJ issue-26 63 31 debt debt NOUN issue-26 63 32 growth growth NOUN issue-26 63 33 imposes impose VERB issue-26 63 34 objective objective ADJ issue-26 63 35 limits limit NOUN issue-26 63 36 on on ADP issue-26 63 37 the the DET issue-26 63 38 expansiveness expansiveness NOUN issue-26 63 39 of of ADP issue-26 63 40 the the DET issue-26 63 41 fiscal fiscal ADJ issue-26 63 42 policy policy NOUN issue-26 63 43 . . PUNCT issue-26 64 1 redistribution redistribution NOUN issue-26 64 2 of of ADP issue-26 64 3 taxes taxis NOUN issue-26 64 4 for for ADP issue-26 64 5 the the DET issue-26 64 6 benefit benefit NOUN issue-26 64 7 of of ADP issue-26 64 8 creditors creditor NOUN issue-26 64 9 and and CCONJ issue-26 64 10 repayment repayment NOUN issue-26 64 11 of of ADP issue-26 64 12 the the DET issue-26 64 13 government government NOUN issue-26 64 14 debt debt NOUN issue-26 64 15 level level NOUN issue-26 64 16 the the DET issue-26 64 17 demand demand NOUN issue-26 64 18 promotion promotion NOUN issue-26 64 19 even even ADV issue-26 64 20 in in ADP issue-26 64 21 the the DET issue-26 64 22 short short ADJ issue-26 64 23 term term NOUN issue-26 64 24 . . PUNCT issue-26 65 1 as as ADP issue-26 65 2 a a DET issue-26 65 3 result result NOUN issue-26 65 4 , , PUNCT issue-26 65 5 the the PRON issue-26 65 6 multiplier multipli ADJ issue-26 65 7 the the DET issue-26 65 8 effect effect NOUN issue-26 65 9 of of ADP issue-26 65 10 which which PRON issue-26 65 11 is be AUX issue-26 65 12 caused cause VERB issue-26 65 13 by by ADP issue-26 65 14 government government NOUN issue-26 65 15 expenditure expenditure NOUN issue-26 65 16 will will AUX issue-26 65 17 decrease decrease VERB issue-26 65 18 in in ADP issue-26 65 19 quantitative quantitative ADJ issue-26 65 20 terms term NOUN issue-26 65 21 . . PUNCT issue-26 66 1 what what PRON issue-26 66 2 is be AUX issue-26 66 3 more more ADJ issue-26 66 4 , , PUNCT issue-26 66 5 the the DET issue-26 66 6 need need NOUN issue-26 66 7 to to PART issue-26 66 8 limit limit VERB issue-26 66 9 the the DET issue-26 66 10 expansive expansive ADJ issue-26 66 11 fiscal fiscal ADJ issue-26 66 12 policy policy NOUN issue-26 66 13 decisions decision NOUN issue-26 66 14 by by ADP issue-26 66 15 actualization actualization NOUN issue-26 66 16 and and CCONJ issue-26 66 17 the the DET issue-26 66 18 intensity intensity NOUN issue-26 66 19 of of ADP issue-26 66 20 formation formation NOUN issue-26 66 21 of of ADP issue-26 66 22 the the DET issue-26 66 23 primary primary ADJ issue-26 66 24 surplus surplus NOUN issue-26 66 25 will will AUX issue-26 66 26 have have VERB issue-26 66 27 the the DET issue-26 66 28 necessary necessary ADJ issue-26 66 29 character character NOUN issue-26 66 30 at at ADP issue-26 66 31 a a DET issue-26 66 32 time time NOUN issue-26 66 33 when when SCONJ issue-26 66 34 , , PUNCT issue-26 66 35 in in ADP issue-26 66 36 proportion proportion NOUN issue-26 66 37 to to ADP issue-26 66 38 the the DET issue-26 66 39 deepening deepening NOUN issue-26 66 40 of of ADP issue-26 66 41 transformation transformation NOUN issue-26 66 42 , , PUNCT issue-26 66 43 the the DET issue-26 66 44 economy economy NOUN issue-26 66 45 will will AUX issue-26 66 46 hypothetically hypothetically ADV issue-26 66 47 respond respond VERB issue-26 66 48 positively positively ADV issue-26 66 49 to to ADP issue-26 66 50 the the DET issue-26 66 51 stimulating stimulating ADJ issue-26 66 52 impulses impulse NOUN issue-26 66 53 from from ADP issue-26 66 54 the the DET issue-26 66 55 extension extension NOUN issue-26 66 56 and and CCONJ issue-26 66 57 restructuring restructuring NOUN issue-26 66 58 of of ADP issue-26 66 59 public public ADJ issue-26 66 60 sector sector NOUN issue-26 66 61 expenditures expenditure NOUN issue-26 66 62 . . PUNCT issue-26 67 1 the the DET issue-26 67 2 problem problem NOUN issue-26 67 3 of of ADP issue-26 67 4 the the DET issue-26 67 5 reorganization reorganization NOUN issue-26 67 6 of of ADP issue-26 67 7 budget budget NOUN issue-26 67 8 expenditures expenditure NOUN issue-26 67 9 is be AUX issue-26 67 10 closely closely ADV issue-26 67 11 linked link VERB issue-26 67 12 to to ADP issue-26 67 13 the the DET issue-26 67 14 transformation transformation NOUN issue-26 67 15 of of ADP issue-26 67 16 direct direct ADJ issue-26 67 17 subsidies subsidy NOUN issue-26 67 18 for for ADP issue-26 67 19 economic economic ADJ issue-26 67 20 agents agent NOUN issue-26 67 21 into into ADP issue-26 67 22 the the DET issue-26 67 23 indirect indirect NOUN issue-26 67 24 . . PUNCT issue-26 68 1 as as SCONJ issue-26 68 2 some some DET issue-26 68 3 studies study NOUN issue-26 68 4 show show VERB issue-26 68 5 , , PUNCT issue-26 68 6 budget budget NOUN issue-26 68 7 constraints constraint NOUN issue-26 68 8 at at ADP issue-26 68 9 the the DET issue-26 68 10 micro micro ADJ issue-26 68 11 level level NOUN issue-26 68 12 become become VERB issue-26 68 13 softer soft ADJ issue-26 68 14 in in ADP issue-26 68 15 the the DET issue-26 68 16 process process NOUN issue-26 68 17 of of ADP issue-26 68 18 harder hard ADJ issue-26 68 19 budget budget NOUN issue-26 68 20 constraints constraint NOUN issue-26 68 21 formation formation NOUN issue-26 68 22 at at ADP issue-26 68 23 the the DET issue-26 68 24 macro macro ADJ issue-26 68 25 level level NOUN issue-26 68 26 in in ADP issue-26 68 27 the the DET issue-26 68 28 poststabilization poststabilization NOUN issue-26 68 29 period period NOUN issue-26 68 30 and and CCONJ issue-26 68 31 in in ADP issue-26 68 32 the the DET issue-26 68 33 absence absence NOUN issue-26 68 34 of of ADP issue-26 68 35 systemic systemic ADJ issue-26 68 36 changes change NOUN issue-26 68 37 ( ( PUNCT issue-26 68 38 siedenberg siedenberg PROPN issue-26 68 39 a. a. PROPN issue-26 68 40 , , PUNCT issue-26 68 41 & & CCONJ issue-26 68 42 hoffmann hoffmann PROPN issue-26 68 43 , , PUNCT issue-26 68 44 l. l. PROPN issue-26 68 45 , , PUNCT issue-26 68 46 1998 1998 NUM issue-26 68 47 ) ) PUNCT issue-26 68 48 . . PUNCT issue-26 69 1 in in ADP issue-26 69 2 other other ADJ issue-26 69 3 words word NOUN issue-26 69 4 , , PUNCT issue-26 69 5 restrictive restrictive ADJ issue-26 69 6 fiscal fiscal ADJ issue-26 69 7 measures measure NOUN issue-26 69 8 at at ADP issue-26 69 9 the the DET issue-26 69 10 macro macro ADJ issue-26 69 11 level level NOUN issue-26 69 12 are be AUX issue-26 69 13 losing lose VERB issue-26 69 14 their their PRON issue-26 69 15 effectiveness effectiveness NOUN issue-26 69 16 because because SCONJ issue-26 69 17 the the DET issue-26 69 18 demand demand NOUN issue-26 69 19 in in ADP issue-26 69 20 non non ADJ issue-26 69 21 - - ADJ issue-26 69 22 productive productive ADJ issue-26 69 23 sectors sector NOUN issue-26 69 24 of of ADP issue-26 69 25 the the DET issue-26 69 26 economy economy NOUN issue-26 69 27 is be AUX issue-26 69 28 increasing increase VERB issue-26 69 29 . . PUNCT issue-26 70 1 according accord VERB issue-26 70 2 to to ADP issue-26 70 3 our our PRON issue-26 70 4 reckoning reckon VERB issue-26 70 5 the the DET issue-26 70 6 objective objective ADJ issue-26 70 7 limit limit NOUN issue-26 70 8 in in ADP issue-26 70 9 adoption adoption NOUN issue-26 70 10 of of ADP issue-26 70 11 such such DET issue-26 70 12 a a DET issue-26 70 13 policy policy NOUN issue-26 70 14 is be AUX issue-26 70 15 the the DET issue-26 70 16 potential potential NOUN issue-26 70 17 of of ADP issue-26 70 18 accumulation accumulation NOUN issue-26 70 19 of of ADP issue-26 70 20 the the DET issue-26 70 21 government government NOUN issue-26 70 22 debt debt NOUN issue-26 70 23 , , PUNCT issue-26 70 24 considering consider VERB issue-26 70 25 its its PRON issue-26 70 26 depletion depletion NOUN issue-26 70 27 , , PUNCT issue-26 70 28 and and CCONJ issue-26 70 29 the the DET issue-26 70 30 need need NOUN issue-26 70 31 to to PART issue-26 70 32 ensure ensure VERB issue-26 70 33 primary primary ADJ issue-26 70 34 budget budget NOUN issue-26 70 35 surplus surplus NOUN issue-26 70 36 and and CCONJ issue-26 70 37 certain certain ADJ issue-26 70 38 level level NOUN issue-26 70 39 of of ADP issue-26 70 40 social social ADJ issue-26 70 41 transfers transfer NOUN issue-26 70 42 in in ADP issue-26 70 43 the the DET issue-26 70 44 budget budget NOUN issue-26 70 45 . . PUNCT issue-26 71 1 in in ADP issue-26 71 2 this this DET issue-26 71 3 sense sense NOUN issue-26 71 4 , , PUNCT issue-26 71 5 the the DET issue-26 71 6 restraint restraint NOUN issue-26 71 7 of of ADP issue-26 71 8 inefficient inefficient ADJ issue-26 71 9 demand demand NOUN issue-26 71 10 in in ADP issue-26 71 11 the the DET issue-26 71 12 public public ADJ issue-26 71 13 sector sector NOUN issue-26 71 14 will will AUX issue-26 71 15 be be AUX issue-26 71 16 compensated compensate VERB issue-26 71 17 by by ADP issue-26 71 18 the the DET issue-26 71 19 growth growth NOUN issue-26 71 20 of of ADP issue-26 71 21 marginal marginal ADJ issue-26 71 22 utility utility NOUN issue-26 71 23 during during ADP issue-26 71 24 the the DET issue-26 71 25 consumption consumption NOUN issue-26 71 26 of of ADP issue-26 71 27 public public ADJ issue-26 71 28 goods good NOUN issue-26 71 29 . . PUNCT issue-26 72 1 monetary monetary ADJ issue-26 72 2 policy policy NOUN issue-26 72 3 as as SCONJ issue-26 72 4 the the DET issue-26 72 5 part part NOUN issue-26 72 6 of of ADP issue-26 72 7 macroeconomic macroeconomic ADJ issue-26 72 8 regulation regulation NOUN issue-26 72 9 is be AUX issue-26 72 10 released release VERB issue-26 72 11 from from ADP issue-26 72 12 the the DET issue-26 72 13 direct direct ADJ issue-26 72 14 connection connection NOUN issue-26 72 15 with with ADP issue-26 72 16 the the DET issue-26 72 17 debt debt NOUN issue-26 72 18 policy policy NOUN issue-26 72 19 to to ADP issue-26 72 20 the the DET issue-26 72 21 extent extent NOUN issue-26 72 22 of of ADP issue-26 72 23 strengthening strengthening NOUN issue-26 72 24 of of ADP issue-26 72 25 the the DET issue-26 72 26 stabilization stabilization NOUN issue-26 72 27 tendencies tendency NOUN issue-26 72 28 and and CCONJ issue-26 72 29 reform reform NOUN issue-26 72 30 deepening deepen VERB issue-26 72 31 . . PUNCT issue-26 73 1 the the DET issue-26 73 2 transition transition NOUN issue-26 73 3 to to ADP issue-26 73 4 the the DET issue-26 73 5 financing financing NOUN issue-26 73 6 of of ADP issue-26 73 7 the the DET issue-26 73 8 budget budget NOUN issue-26 73 9 deficit deficit NOUN issue-26 73 10 at at ADP issue-26 73 11 the the DET issue-26 73 12 cost cost NOUN issue-26 73 13 of of ADP issue-26 73 14 loans loan NOUN issue-26 73 15 on on ADP issue-26 73 16 the the DET issue-26 73 17 market market NOUN issue-26 73 18 , , PUNCT issue-26 73 19 weakening weaken VERB issue-26 73 20 the the DET issue-26 73 21 emission emission NOUN issue-26 73 22 activity activity NOUN issue-26 73 23 of of ADP issue-26 73 24 the the DET issue-26 73 25 nbu nbu NOUN issue-26 73 26 , , PUNCT issue-26 73 27 has have AUX issue-26 73 28 qualitatively qualitatively ADV issue-26 73 29 upgraded upgrade VERB issue-26 73 30 the the DET issue-26 73 31 relationship relationship NOUN issue-26 73 32 between between ADP issue-26 73 33 growth growth NOUN issue-26 73 34 of of ADP issue-26 73 35 the the DET issue-26 73 36 money money NOUN issue-26 73 37 supply supply NOUN issue-26 73 38 and and CCONJ issue-26 73 39 inflation inflation NOUN issue-26 73 40 , , PUNCT issue-26 73 41 which which PRON issue-26 73 42 is be AUX issue-26 73 43 fundamental fundamental ADJ issue-26 73 44 for for ADP issue-26 73 45 the the DET issue-26 73 46 monetary monetary ADJ issue-26 73 47 regulation regulation NOUN issue-26 73 48 of of ADP issue-26 73 49 macro macro ADJ issue-26 73 50 processes process NOUN issue-26 73 51 . . PUNCT issue-26 74 1 4 4 X issue-26 74 2 . . X issue-26 74 3 the the DET issue-26 74 4 main main ADJ issue-26 74 5 aspects aspect NOUN issue-26 74 6 of of ADP issue-26 74 7 the the DET issue-26 74 8 relationship relationship NOUN issue-26 74 9 between between ADP issue-26 74 10 dept dept NOUN issue-26 74 11 and and CCONJ issue-26 74 12 monetary monetary ADJ issue-26 74 13 policy policy NOUN issue-26 74 14 the the DET issue-26 74 15 development development NOUN issue-26 74 16 of of ADP issue-26 74 17 the the DET issue-26 74 18 government government NOUN issue-26 74 19 securities security NOUN issue-26 74 20 market market NOUN issue-26 74 21 has have AUX issue-26 74 22 qualitatively qualitatively ADV issue-26 74 23 upgraded upgrade VERB issue-26 74 24 the the DET issue-26 74 25 instrumental instrumental ADJ issue-26 74 26 apparatus apparatus NOUN issue-26 74 27 of of ADP issue-26 74 28 the the DET issue-26 74 29 monetary monetary ADJ issue-26 74 30 policy policy NOUN issue-26 74 31 within within ADP issue-26 74 32 the the DET issue-26 74 33 framework framework NOUN issue-26 74 34 of of ADP issue-26 74 35 the the DET issue-26 74 36 approaching approaching NOUN issue-26 74 37 of of ADP issue-26 74 38 the the DET issue-26 74 39 debt debt NOUN issue-26 74 40 policy policy NOUN issue-26 74 41 to to ADP issue-26 74 42 the the DET issue-26 74 43 market market NOUN issue-26 74 44 standards standard NOUN issue-26 74 45 . . PUNCT issue-26 75 1 in in ADP issue-26 75 2 respect respect NOUN issue-26 75 3 of of ADP issue-26 75 4 the the DET issue-26 75 5 aspect aspect NOUN issue-26 75 6 of of ADP issue-26 75 7 the the DET issue-26 75 8 relationship relationship NOUN issue-26 75 9 between between ADP issue-26 75 10 the the DET issue-26 75 11 debt debt NOUN issue-26 75 12 and and CCONJ issue-26 75 13 monetary monetary ADJ issue-26 75 14 policies policy NOUN issue-26 75 15 one one PRON issue-26 75 16 can can AUX issue-26 75 17 distinguish distinguish VERB issue-26 75 18 the the DET issue-26 75 19 following follow VERB issue-26 75 20 trends trend NOUN issue-26 75 21 : : PUNCT issue-26 75 22 • • ADP issue-26 75 23 firstly firstly ADV issue-26 75 24 , , PUNCT issue-26 75 25 the the DET issue-26 75 26 national national PROPN issue-26 75 27 bank bank PROPN issue-26 75 28 have have AUX issue-26 75 29 got get VERB issue-26 75 30 the the DET issue-26 75 31 opportunity opportunity NOUN issue-26 75 32 to to PART issue-26 75 33 reorganize reorganize VERB issue-26 75 34 the the DET issue-26 75 35 system system NOUN issue-26 75 36 of of ADP issue-26 75 37 refinancing refinance VERB issue-26 75 38 of of ADP issue-26 75 39 commercial commercial ADJ issue-26 75 40 banks bank NOUN issue-26 75 41 by by ADP issue-26 75 42 means mean NOUN issue-26 75 43 of of ADP issue-26 75 44 introduction introduction NOUN issue-26 75 45 of of ADP issue-26 75 46 repurchase repurchase NOUN issue-26 75 47 agreements agreement NOUN issue-26 75 48 and and CCONJ issue-26 75 49 lombard lombard NOUN issue-26 75 50 crediting crediting NOUN issue-26 75 51 in in ADP issue-26 75 52 the the DET issue-26 75 53 practice practice NOUN issue-26 75 54 of of ADP issue-26 75 55 monetary monetary ADJ issue-26 75 56 regulation regulation NOUN issue-26 75 57 ; ; PUNCT issue-26 75 58 • • ADV issue-26 75 59 secondly secondly ADV issue-26 75 60 , , PUNCT issue-26 75 61 in in ADP issue-26 75 62 the the DET issue-26 75 63 process process NOUN issue-26 75 64 of of ADP issue-26 75 65 development development NOUN issue-26 75 66 of of ADP issue-26 75 67 the the DET issue-26 75 68 secondary secondary ADJ issue-26 75 69 market market NOUN issue-26 75 70 for for ADP issue-26 75 71 government government NOUN issue-26 75 72 debt debt NOUN issue-26 75 73 the the DET issue-26 75 74 national national PROPN issue-26 75 75 bank bank PROPN issue-26 75 76 have have AUX issue-26 75 77 got get VERB issue-26 75 78 the the DET issue-26 75 79 opportunity opportunity NOUN issue-26 75 80 to to PART issue-26 75 81 conduct conduct VERB issue-26 75 82 the the DET issue-26 75 83 open open ADJ issue-26 75 84 market market NOUN issue-26 75 85 operations operation NOUN issue-26 75 86 , , PUNCT issue-26 75 87 indirectly indirectly ADV issue-26 75 88 influencing influence VERB issue-26 75 89 the the DET issue-26 75 90 dynamics dynamic NOUN issue-26 75 91 of of ADP issue-26 75 92 interest interest NOUN issue-26 75 93 rates rate NOUN issue-26 75 94 and and CCONJ issue-26 75 95 money money NOUN issue-26 75 96 supply supply NOUN issue-26 75 97 dynamics dynamic NOUN issue-26 75 98 . . PUNCT issue-26 76 1 according accord VERB issue-26 76 2 to to ADP issue-26 76 3 some some DET issue-26 76 4 studies study NOUN issue-26 76 5 ( ( PUNCT issue-26 76 6 piotrowska piotrowska ADJ issue-26 76 7 , , PUNCT issue-26 76 8 m. m. NOUN issue-26 76 9 , , PUNCT issue-26 76 10 1998 1998 NUM issue-26 76 11 ) ) PUNCT issue-26 76 12 , , PUNCT issue-26 76 13 namely namely ADV issue-26 76 14 open open ADJ issue-26 76 15 market market NOUN issue-26 76 16 operations operation NOUN issue-26 76 17 have have VERB issue-26 76 18 a a DET issue-26 76 19 considerable considerable ADJ issue-26 76 20 impact impact NOUN issue-26 76 21 on on ADP issue-26 76 22 the the DET issue-26 76 23 behavior behavior NOUN issue-26 76 24 of of ADP issue-26 76 25 banks bank NOUN issue-26 76 26 in in ADP issue-26 76 27 the the DET issue-26 76 28 system system NOUN issue-26 76 29 of of ADP issue-26 76 30 regulatory regulatory ADJ issue-26 76 31 measures measure NOUN issue-26 76 32 of of ADP issue-26 76 33 central central ADJ issue-26 76 34 banks bank NOUN issue-26 76 35 in in ADP issue-26 76 36 transitional transitional ADJ issue-26 76 37 economies economy NOUN issue-26 76 38 of of ADP issue-26 76 39 central central ADJ issue-26 76 40 europe europe PROPN issue-26 76 41 . . PUNCT issue-26 77 1 • • NUM issue-26 77 2 thirdly thirdly ADV issue-26 77 3 , , PUNCT issue-26 77 4 the the DET issue-26 77 5 establishment establishment NOUN issue-26 77 6 of of ADP issue-26 77 7 the the DET issue-26 77 8 government government NOUN issue-26 77 9 securities security NOUN issue-26 77 10 market market NOUN issue-26 77 11 has have AUX issue-26 77 12 made make VERB issue-26 77 13 it it PRON issue-26 77 14 possible possible ADJ issue-26 77 15 for for SCONJ issue-26 77 16 nbu nbu PROPN issue-26 77 17 to to PART issue-26 77 18 control control VERB issue-26 77 19 bank bank NOUN issue-26 77 20 liquidity liquidity NOUN issue-26 77 21 minimizing minimize VERB issue-26 77 22 the the DET issue-26 77 23 excess excess ADJ issue-26 77 24 reserves reserve NOUN issue-26 77 25 , , PUNCT issue-26 77 26 due due ADP issue-26 77 27 to to ADP issue-26 77 28 this this PRON issue-26 77 29 the the DET issue-26 77 30 access access NOUN issue-26 77 31 to to ADP issue-26 77 32 the the DET issue-26 77 33 currency currency NOUN issue-26 77 34 market market NOUN issue-26 77 35 was be AUX issue-26 77 36 limited limit VERB issue-26 77 37 for for ADP issue-26 77 38 the the DET issue-26 77 39 speculative speculative ADJ issue-26 77 40 capital capital NOUN issue-26 77 41 , , PUNCT issue-26 77 42 at at ADP issue-26 77 43 the the DET issue-26 77 44 same same ADJ issue-26 77 45 time time NOUN issue-26 77 46 , , PUNCT issue-26 77 47 the the DET issue-26 77 48 permission permission NOUN issue-26 77 49 for for SCONJ issue-26 77 50 banks bank NOUN issue-26 77 51 to to PART issue-26 77 52 form form VERB issue-26 77 53 the the DET issue-26 77 54 part part NOUN issue-26 77 55 of of ADP issue-26 77 56 statutory statutory ADJ issue-26 77 57 reserves reserve NOUN issue-26 77 58 at at ADP issue-26 77 59 the the DET issue-26 77 60 expense expense NOUN issue-26 77 61 of of ADP issue-26 77 62 assets asset NOUN issue-26 77 63 placed place VERB issue-26 77 64 in in ADP issue-26 77 65 domestic domestic ADJ issue-26 77 66 government government NOUN issue-26 77 67 loan loan NOUN issue-26 77 68 obligations obligation NOUN issue-26 77 69 has have AUX issue-26 77 70 increased increase VERB issue-26 77 71 the the DET issue-26 77 72 attractiveness attractiveness NOUN issue-26 77 73 of of ADP issue-26 77 74 the the DET issue-26 77 75 last last ADJ issue-26 77 76 , , PUNCT issue-26 77 77 on on ADP issue-26 77 78 the the DET issue-26 77 79 one one NUM issue-26 77 80 hand hand NOUN issue-26 77 81 , , PUNCT issue-26 77 82 and and CCONJ issue-26 77 83 has have AUX issue-26 77 84 eased ease VERB issue-26 77 85 a a DET issue-26 77 86 burden burden NOUN issue-26 77 87 on on ADP issue-26 77 88 reservation reservation NOUN issue-26 77 89 for for ADP issue-26 77 90 banks bank NOUN issue-26 77 91 , , PUNCT issue-26 77 92 on on ADP issue-26 77 93 the the DET issue-26 77 94 other other ADJ issue-26 77 95 hand hand NOUN issue-26 77 96 ; ; PUNCT issue-26 77 97 • • ADV issue-26 77 98 fourthly fourthly ADV issue-26 77 99 , , PUNCT issue-26 77 100 yield yield NOUN issue-26 77 101 rates rate NOUN issue-26 77 102 dynamics dynamic NOUN issue-26 77 103 on on ADP issue-26 77 104 the the DET issue-26 77 105 market market NOUN issue-26 77 106 of of ADP issue-26 77 107 government government NOUN issue-26 77 108 debt debt NOUN issue-26 77 109 has have AUX issue-26 77 110 become become VERB issue-26 77 111 a a DET issue-26 77 112 determining determine VERB issue-26 77 113 indicator indicator NOUN issue-26 77 114 of of ADP issue-26 77 115 the the DET issue-26 77 116 state state NOUN issue-26 77 117 of of ADP issue-26 77 118 the the DET issue-26 77 119 monetary monetary ADJ issue-26 77 120 sector sector NOUN issue-26 77 121 , , PUNCT issue-26 77 122 depriving deprive VERB issue-26 77 123 the the DET issue-26 77 124 nbu nbu NOUN issue-26 77 125 discount discount NOUN issue-26 77 126 rate rate NOUN issue-26 77 127 of of ADP issue-26 77 128 these these DET issue-26 77 129 properties property NOUN issue-26 77 130 , , PUNCT issue-26 77 131 at at ADP issue-26 77 132 which which PRON issue-26 77 133 , , PUNCT issue-26 77 134 however however ADV issue-26 77 135 , , PUNCT issue-26 77 136 it it PRON issue-26 77 137 was be AUX issue-26 77 138 oriented orient VERB issue-26 77 139 almost almost ADV issue-26 77 140 to to ADP issue-26 77 141 the the DET issue-26 77 142 time time NOUN issue-26 77 143 of of ADP issue-26 77 144 the the DET issue-26 77 145 debt debt NOUN issue-26 77 146 policy policy NOUN issue-26 77 147 changing change VERB issue-26 77 148 regarding regard VERB issue-26 77 149 internal internal ADJ issue-26 77 150 borrowing borrowing NOUN issue-26 77 151 ; ; PUNCT issue-26 77 152 • • NOUN issue-26 77 153 fifthly fifthly ADV issue-26 77 154 , , PUNCT issue-26 77 155 liberalization liberalization NOUN issue-26 77 156 of of ADP issue-26 77 157 access access NOUN issue-26 77 158 of of ADP issue-26 77 159 non non NOUN issue-26 77 160 - - NOUN issue-26 77 161 residences residence NOUN issue-26 77 162 to to ADP issue-26 77 163 the the DET issue-26 77 164 trading trading NOUN issue-26 77 165 on on ADP issue-26 77 166 the the DET issue-26 77 167 primary primary ADJ issue-26 77 168 and and CCONJ issue-26 77 169 secondary secondary ADJ issue-26 77 170 market market NOUN issue-26 77 171 of of ADP issue-26 77 172 domestic domestic ADJ issue-26 77 173 government government NOUN issue-26 77 174 loan loan NOUN issue-26 77 175 obligations obligation NOUN issue-26 77 176 allowed allow VERB issue-26 77 177 the the DET issue-26 77 178 nbu nbu NOUN issue-26 77 179 to to PART issue-26 77 180 expand expand VERB issue-26 77 181 its its PRON issue-26 77 182 international international ADJ issue-26 77 183 assets asset NOUN issue-26 77 184 and and CCONJ issue-26 77 185 to to PART issue-26 77 186 cover cover VERB issue-26 77 187 a a DET issue-26 77 188 substantial substantial ADJ issue-26 77 189 part part NOUN issue-26 77 190 of of ADP issue-26 77 191 current current ADJ issue-26 77 192 account account NOUN issue-26 77 193 deficit deficit NOUN issue-26 77 194 of of ADP issue-26 77 195 the the DET issue-26 77 196 balance balance NOUN issue-26 77 197 of of ADP issue-26 77 198 payments payment NOUN issue-26 77 199 ; ; PUNCT issue-26 77 200 • • X issue-26 77 201 sixthly sixthly ADV issue-26 77 202 , , PUNCT issue-26 77 203 the the DET issue-26 77 204 formation formation NOUN issue-26 77 205 of of ADP issue-26 77 206 reserves reserve NOUN issue-26 77 207 through through ADP issue-26 77 208 the the DET issue-26 77 209 borrowings borrowing NOUN issue-26 77 210 of of ADP issue-26 77 211 the the DET issue-26 77 212 ministry ministry PROPN issue-26 77 213 of of ADP issue-26 77 214 finance finance PROPN issue-26 77 215 enabled enable VERB issue-26 77 216 the the DET issue-26 77 217 baltic baltic ADJ issue-26 77 218 journal journal NOUN issue-26 77 219 of of ADP issue-26 77 220 economic economic ADJ issue-26 77 221 studies study NOUN issue-26 77 222 151 151 NUM issue-26 77 223 vol vol NOUN issue-26 77 224 . . PROPN issue-26 78 1 1 1 NUM issue-26 78 2 , , PUNCT issue-26 78 3 2015 2015 NUM issue-26 78 4 monetary monetary ADJ issue-26 78 5 authorities authority NOUN issue-26 78 6 in in ADP issue-26 78 7 ukraine ukraine PROPN issue-26 78 8 to to PART issue-26 78 9 reduce reduce VERB issue-26 78 10 dependence dependence NOUN issue-26 78 11 on on ADP issue-26 78 12 the the DET issue-26 78 13 imf imf PROPN issue-26 78 14 stabilization stabilization NOUN issue-26 78 15 credits credit NOUN issue-26 78 16 , , PUNCT issue-26 78 17 at at ADP issue-26 78 18 least least ADJ issue-26 78 19 in in ADP issue-26 78 20 the the DET issue-26 78 21 short short ADJ issue-26 78 22 term term NOUN issue-26 78 23 . . PUNCT issue-26 79 1 despite despite SCONJ issue-26 79 2 the the DET issue-26 79 3 expansion expansion NOUN issue-26 79 4 of of ADP issue-26 79 5 operational operational ADJ issue-26 79 6 capabilities capability NOUN issue-26 79 7 of of ADP issue-26 79 8 monetary monetary ADJ issue-26 79 9 regulation regulation NOUN issue-26 79 10 using use VERB issue-26 79 11 the the DET issue-26 79 12 transactions transaction NOUN issue-26 79 13 on on ADP issue-26 79 14 the the DET issue-26 79 15 market market NOUN issue-26 79 16 of of ADP issue-26 79 17 government government NOUN issue-26 79 18 borrowing borrowing NOUN issue-26 79 19 , , PUNCT issue-26 79 20 debt debt NOUN issue-26 79 21 expansion expansion NOUN issue-26 79 22 has have AUX issue-26 79 23 led lead VERB issue-26 79 24 not not PART issue-26 79 25 only only ADV issue-26 79 26 to to ADP issue-26 79 27 the the DET issue-26 79 28 contradictions contradiction NOUN issue-26 79 29 between between ADP issue-26 79 30 monetary monetary ADJ issue-26 79 31 and and CCONJ issue-26 79 32 fiscal fiscal ADJ issue-26 79 33 policies policy NOUN issue-26 79 34 , , PUNCT issue-26 79 35 but but CCONJ issue-26 79 36 also also ADV issue-26 79 37 to to ADP issue-26 79 38 contradictions contradiction NOUN issue-26 79 39 in in ADP issue-26 79 40 the the DET issue-26 79 41 system system NOUN issue-26 79 42 of of ADP issue-26 79 43 monetary monetary ADJ issue-26 79 44 management management NOUN issue-26 79 45 at at ADP issue-26 79 46 the the DET issue-26 79 47 macroeconomic macroeconomic ADJ issue-26 79 48 level level NOUN issue-26 79 49 . . PUNCT issue-26 80 1 the the DET issue-26 80 2 abovementioned abovementione VERB issue-26 80 3 is be AUX issue-26 80 4 the the DET issue-26 80 5 regularity regularity NOUN issue-26 80 6 for for ADP issue-26 80 7 majority majority NOUN issue-26 80 8 of of ADP issue-26 80 9 countries country NOUN issue-26 80 10 with with ADP issue-26 80 11 the the DET issue-26 80 12 transitional transitional ADJ issue-26 80 13 economy economy NOUN issue-26 80 14 where where SCONJ issue-26 80 15 there there PRON issue-26 80 16 is be VERB issue-26 80 17 a a DET issue-26 80 18 real real ADJ issue-26 80 19 revaluation revaluation NOUN issue-26 80 20 against against ADP issue-26 80 21 the the DET issue-26 80 22 backdrop backdrop NOUN issue-26 80 23 of of ADP issue-26 80 24 public public ADJ issue-26 80 25 sector sector NOUN issue-26 80 26 deficits deficit NOUN issue-26 80 27 , , PUNCT issue-26 80 28 accompanied accompany VERB issue-26 80 29 by by ADP issue-26 80 30 a a DET issue-26 80 31 softening softening NOUN issue-26 80 32 of of ADP issue-26 80 33 monetary monetary ADJ issue-26 80 34 and and CCONJ issue-26 80 35 credit credit NOUN issue-26 80 36 policy policy NOUN issue-26 80 37 ( ( PUNCT issue-26 80 38 popov popov PROPN issue-26 80 39 , , PUNCT issue-26 80 40 v. v. ADV issue-26 80 41 , , PUNCT issue-26 80 42 1999 1999 NUM issue-26 80 43 ) ) PUNCT issue-26 80 44 . . PUNCT issue-26 81 1 however however ADV issue-26 81 2 , , PUNCT issue-26 81 3 the the DET issue-26 81 4 intensity intensity NOUN issue-26 81 5 of of ADP issue-26 81 6 the the DET issue-26 81 7 manifestation manifestation NOUN issue-26 81 8 of of ADP issue-26 81 9 the the DET issue-26 81 10 abovementioned abovementione VERB issue-26 81 11 contradictions contradiction NOUN issue-26 81 12 is be AUX issue-26 81 13 correlated correlate VERB issue-26 81 14 with with ADP issue-26 81 15 the the DET issue-26 81 16 intensity intensity NOUN issue-26 81 17 of of ADP issue-26 81 18 government government NOUN issue-26 81 19 borrowings borrowing NOUN issue-26 81 20 . . PUNCT issue-26 82 1 firstly firstly ADV issue-26 82 2 , , PUNCT issue-26 82 3 despite despite SCONJ issue-26 82 4 the the DET issue-26 82 5 soft soft ADJ issue-26 82 6 fiscal fiscal ADJ issue-26 82 7 policy policy NOUN issue-26 82 8 in in ADP issue-26 82 9 the the DET issue-26 82 10 poststabilization poststabilization NOUN issue-26 82 11 period period NOUN issue-26 82 12 , , PUNCT issue-26 82 13 which which PRON issue-26 82 14 entailed entail VERB issue-26 82 15 the the DET issue-26 82 16 expansion expansion NOUN issue-26 82 17 of of ADP issue-26 82 18 the the DET issue-26 82 19 monetary monetary ADJ issue-26 82 20 base base NOUN issue-26 82 21 of of ADP issue-26 82 22 the the DET issue-26 82 23 central central ADJ issue-26 82 24 bank bank NOUN issue-26 82 25 , , PUNCT issue-26 82 26 the the DET issue-26 82 27 exchange exchange NOUN issue-26 82 28 rate rate NOUN issue-26 82 29 policy policy NOUN issue-26 82 30 has have AUX issue-26 82 31 been be AUX issue-26 82 32 mainly mainly ADV issue-26 82 33 of of ADP issue-26 82 34 a a DET issue-26 82 35 stabilization stabilization NOUN issue-26 82 36 nature nature NOUN issue-26 82 37 . . PUNCT issue-26 83 1 secondly secondly ADV issue-26 83 2 , , PUNCT issue-26 83 3 usually usually ADV issue-26 83 4 in in ADP issue-26 83 5 the the DET issue-26 83 6 transitional transitional ADJ issue-26 83 7 economy economy NOUN issue-26 83 8 , , PUNCT issue-26 83 9 and and CCONJ issue-26 83 10 especially especially ADV issue-26 83 11 in in ADP issue-26 83 12 countries country NOUN issue-26 83 13 where where SCONJ issue-26 83 14 there there PRON issue-26 83 15 was be VERB issue-26 83 16 a a DET issue-26 83 17 stabilization stabilization NOUN issue-26 83 18 , , PUNCT issue-26 83 19 where where SCONJ issue-26 83 20 the the DET issue-26 83 21 increase increase NOUN issue-26 83 22 of of ADP issue-26 83 23 the the DET issue-26 83 24 money money NOUN issue-26 83 25 supply supply NOUN issue-26 83 26 was be AUX issue-26 83 27 elected elect VERB issue-26 83 28 as as ADP issue-26 83 29 a a DET issue-26 83 30 basis basis NOUN issue-26 83 31 , , PUNCT issue-26 83 32 central central ADJ issue-26 83 33 banks bank NOUN issue-26 83 34 choose choose VERB issue-26 83 35 directly directly ADV issue-26 83 36 monetary monetary ADJ issue-26 83 37 base base NOUN issue-26 83 38 and and CCONJ issue-26 83 39 the the DET issue-26 83 40 exchange exchange NOUN issue-26 83 41 rate rate NOUN issue-26 83 42 as as ADP issue-26 83 43 the the DET issue-26 83 44 choice choice NOUN issue-26 83 45 of of ADP issue-26 83 46 tactical tactical ADJ issue-26 83 47 objectives objective NOUN issue-26 83 48 of of ADP issue-26 83 49 monetary monetary ADJ issue-26 83 50 policy policy NOUN issue-26 83 51 , , PUNCT issue-26 83 52 and and CCONJ issue-26 83 53 when when SCONJ issue-26 83 54 targeting target VERB issue-26 83 55 money money NOUN issue-26 83 56 supply supply NOUN issue-26 83 57 as as ADP issue-26 83 58 an an DET issue-26 83 59 intermediate intermediate ADJ issue-26 83 60 target target NOUN issue-26 83 61 they they PRON issue-26 83 62 take take VERB issue-26 83 63 into into ADP issue-26 83 64 account account NOUN issue-26 83 65 the the DET issue-26 83 66 dynamics dynamic NOUN issue-26 83 67 of of ADP issue-26 83 68 the the DET issue-26 83 69 monetary monetary ADJ issue-26 83 70 base base NOUN issue-26 83 71 and and CCONJ issue-26 83 72 the the DET issue-26 83 73 level level NOUN issue-26 83 74 of of ADP issue-26 83 75 the the DET issue-26 83 76 money money NOUN issue-26 83 77 multiplier multiplier ADV issue-26 83 78 . . PUNCT issue-26 84 1 considering consider VERB issue-26 84 2 the the DET issue-26 84 3 fact fact NOUN issue-26 84 4 that that SCONJ issue-26 84 5 the the DET issue-26 84 6 investments investment NOUN issue-26 84 7 in in ADP issue-26 84 8 government government NOUN issue-26 84 9 securities security NOUN issue-26 84 10 are be AUX issue-26 84 11 virtually virtually ADV issue-26 84 12 risk risk NOUN issue-26 84 13 - - PUNCT issue-26 84 14 free free ADJ issue-26 84 15 , , PUNCT issue-26 84 16 and and CCONJ issue-26 84 17 their their PRON issue-26 84 18 yield yield NOUN issue-26 84 19 rates rate NOUN issue-26 84 20 in in ADP issue-26 84 21 the the DET issue-26 84 22 transitional transitional ADJ issue-26 84 23 economies economy NOUN issue-26 84 24 are be AUX issue-26 84 25 higher high ADJ issue-26 84 26 than than ADP issue-26 84 27 the the DET issue-26 84 28 world world NOUN issue-26 84 29 one one NUM issue-26 84 30 , , PUNCT issue-26 84 31 namely namely ADV issue-26 84 32 the the DET issue-26 84 33 debt debt NOUN issue-26 84 34 expansion expansion NOUN issue-26 84 35 of of ADP issue-26 84 36 the the DET issue-26 84 37 government government NOUN issue-26 84 38 is be AUX issue-26 84 39 a a DET issue-26 84 40 factor factor NOUN issue-26 84 41 that that PRON issue-26 84 42 triggers trigger VERB issue-26 84 43 a a DET issue-26 84 44 speculative speculative ADJ issue-26 84 45 capital capital NOUN issue-26 84 46 floating float VERB issue-26 84 47 . . PUNCT issue-26 85 1 ukraine ukraine PROPN issue-26 85 2 is be AUX issue-26 85 3 not not PART issue-26 85 4 the the DET issue-26 85 5 only only ADJ issue-26 85 6 country country NOUN issue-26 85 7 that that PRON issue-26 85 8 faced face VERB issue-26 85 9 this this PRON issue-26 85 10 , , PUNCT issue-26 85 11 and and CCONJ issue-26 85 12 the the DET issue-26 85 13 manifestation manifestation NOUN issue-26 85 14 of of ADP issue-26 85 15 this this DET issue-26 85 16 phenomenon phenomenon NOUN issue-26 85 17 occurs occur VERB issue-26 85 18 with with ADP issue-26 85 19 the the DET issue-26 85 20 increasing increase VERB issue-26 85 21 integration integration NOUN issue-26 85 22 of of ADP issue-26 85 23 financial financial ADJ issue-26 85 24 markets market NOUN issue-26 85 25 in in ADP issue-26 85 26 the the DET issue-26 85 27 world world NOUN issue-26 85 28 transformational transformational ADJ issue-26 85 29 systems system NOUN issue-26 85 30 . . PUNCT issue-26 86 1 for for ADP issue-26 86 2 example example NOUN issue-26 86 3 , , PUNCT issue-26 86 4 in in ADP issue-26 86 5 ukraine ukraine NOUN issue-26 86 6 the the DET issue-26 86 7 intensive intensive ADJ issue-26 86 8 supply supply NOUN issue-26 86 9 of of ADP issue-26 86 10 domestic domestic ADJ issue-26 86 11 government government NOUN issue-26 86 12 loan loan NOUN issue-26 86 13 obligations obligation NOUN issue-26 86 14 on on ADP issue-26 86 15 the the DET issue-26 86 16 market market NOUN issue-26 86 17 attracted attract VERB issue-26 86 18 capital capital NOUN issue-26 86 19 of of ADP issue-26 86 20 the the DET issue-26 86 21 non non NOUN issue-26 86 22 - - NOUN issue-26 86 23 residents resident NOUN issue-26 86 24 by by ADP issue-26 86 25 pushing push VERB issue-26 86 26 the the DET issue-26 86 27 interest interest NOUN issue-26 86 28 rates rate NOUN issue-26 86 29 . . PUNCT issue-26 87 1 this this PRON issue-26 87 2 , , PUNCT issue-26 87 3 in in ADP issue-26 87 4 turn turn NOUN issue-26 87 5 , , PUNCT issue-26 87 6 increased increase VERB issue-26 87 7 the the DET issue-26 87 8 demand demand NOUN issue-26 87 9 for for ADP issue-26 87 10 hryvnia hryvnia NOUN issue-26 87 11 and and CCONJ issue-26 87 12 made make VERB issue-26 87 13 it it PRON issue-26 87 14 impossible impossible ADJ issue-26 87 15 to to PART issue-26 87 16 conduct conduct VERB issue-26 87 17 the the DET issue-26 87 18 policy policy NOUN issue-26 87 19 of of ADP issue-26 87 20 moderate moderate ADJ issue-26 87 21 nominal nominal ADJ issue-26 87 22 devaluation devaluation NOUN issue-26 87 23 to to PART issue-26 87 24 support support VERB issue-26 87 25 the the DET issue-26 87 26 external external ADJ issue-26 87 27 balance balance NOUN issue-26 87 28 . . PUNCT issue-26 88 1 in in ADP issue-26 88 2 this this DET issue-26 88 3 context context NOUN issue-26 88 4 , , PUNCT issue-26 88 5 even even ADV issue-26 88 6 at at ADP issue-26 88 7 the the DET issue-26 88 8 decline decline NOUN issue-26 88 9 in in ADP issue-26 88 10 market market NOUN issue-26 88 11 interest interest NOUN issue-26 88 12 rates rate NOUN issue-26 88 13 foreign foreign ADJ issue-26 88 14 capital capital NOUN issue-26 88 15 was be AUX issue-26 88 16 attracted attract VERB issue-26 88 17 by by ADP issue-26 88 18 the the DET issue-26 88 19 stable stable ADJ issue-26 88 20 exchange exchange NOUN issue-26 88 21 rate rate NOUN issue-26 88 22 , , PUNCT issue-26 88 23 which which PRON issue-26 88 24 provides provide VERB issue-26 88 25 high high ADJ issue-26 88 26 yield yield NOUN issue-26 88 27 of of ADP issue-26 88 28 domestic domestic ADJ issue-26 88 29 government government NOUN issue-26 88 30 loan loan NOUN issue-26 88 31 obligations obligation NOUN issue-26 88 32 in in ADP issue-26 88 33 foreign foreign ADJ issue-26 88 34 currency currency NOUN issue-26 88 35 . . PUNCT issue-26 89 1 the the DET issue-26 89 2 nbu nbu PROPN issue-26 89 3 maintenance maintenance NOUN issue-26 89 4 of of ADP issue-26 89 5 a a DET issue-26 89 6 stable stable ADJ issue-26 89 7 , , PUNCT issue-26 89 8 essentially essentially ADV issue-26 89 9 fixed fix VERB issue-26 89 10 , , PUNCT issue-26 89 11 exchange exchange NOUN issue-26 89 12 rate rate NOUN issue-26 89 13 during during ADP issue-26 89 14 the the DET issue-26 89 15 introduction introduction NOUN issue-26 89 16 of of ADP issue-26 89 17 hryvnia hryvnia NOUN issue-26 89 18 was be AUX issue-26 89 19 informal informal ADJ issue-26 89 20 and and CCONJ issue-26 89 21 had have VERB issue-26 89 22 propagandist propagandist ADJ issue-26 89 23 meaning meaning NOUN issue-26 89 24 ; ; PUNCT issue-26 89 25 at at ADP issue-26 89 26 the the DET issue-26 89 27 announcement announcement NOUN issue-26 89 28 of of ADP issue-26 89 29 the the DET issue-26 89 30 currency currency NOUN issue-26 89 31 corridor corridor NOUN issue-26 89 32 with with ADP issue-26 89 33 a a DET issue-26 89 34 slight slight ADJ issue-26 89 35 downward downward ADJ issue-26 89 36 angle angle NOUN issue-26 89 37 the the DET issue-26 89 38 nbu nbu NOUN issue-26 89 39 has have AUX issue-26 89 40 officially officially ADV issue-26 89 41 pledged pledge VERB issue-26 89 42 to to PART issue-26 89 43 maintain maintain VERB issue-26 89 44 the the DET issue-26 89 45 stability stability NOUN issue-26 89 46 of of ADP issue-26 89 47 the the DET issue-26 89 48 nominal nominal ADJ issue-26 89 49 exchange exchange NOUN issue-26 89 50 rate rate NOUN issue-26 89 51 . . PUNCT issue-26 90 1 therefore therefore ADV issue-26 90 2 , , PUNCT issue-26 90 3 the the DET issue-26 90 4 inflow inflow NOUN issue-26 90 5 of of ADP issue-26 90 6 capital capital NOUN issue-26 90 7 into into ADP issue-26 90 8 the the DET issue-26 90 9 market market NOUN issue-26 90 10 of of ADP issue-26 90 11 domestic domestic ADJ issue-26 90 12 government government NOUN issue-26 90 13 loan loan NOUN issue-26 90 14 obligations obligation NOUN issue-26 90 15 resulted result VERB issue-26 90 16 in in ADP issue-26 90 17 its its PRON issue-26 90 18 excessive excessive ADJ issue-26 90 19 revaluation revaluation NOUN issue-26 90 20 , , PUNCT issue-26 90 21 and and CCONJ issue-26 90 22 trying try VERB issue-26 90 23 to to PART issue-26 90 24 ease ease VERB issue-26 90 25 that that DET issue-26 90 26 process process NOUN issue-26 90 27 the the DET issue-26 90 28 national national PROPN issue-26 90 29 bank bank PROPN issue-26 90 30 expanded expand VERB issue-26 90 31 the the DET issue-26 90 32 monetary monetary ADJ issue-26 90 33 base base NOUN issue-26 90 34 through through ADP issue-26 90 35 the the DET issue-26 90 36 formation formation NOUN issue-26 90 37 of of ADP issue-26 90 38 foreign foreign ADJ issue-26 90 39 assets asset NOUN issue-26 90 40 , , PUNCT issue-26 90 41 which which PRON issue-26 90 42 is be AUX issue-26 90 43 illustrated illustrate VERB issue-26 90 44 very very ADV issue-26 90 45 well well ADV issue-26 90 46 in in ADP issue-26 90 47 fig fig NOUN issue-26 90 48 . . PUNCT issue-26 91 1 2 2 X issue-26 91 2 . . X issue-26 91 3 the the DET issue-26 91 4 nbu nbu PROPN issue-26 91 5 did do AUX issue-26 91 6 not not PART issue-26 91 7 try try VERB issue-26 91 8 to to PART issue-26 91 9 sterilize sterilize VERB issue-26 91 10 the the DET issue-26 91 11 expansion expansion NOUN issue-26 91 12 of of ADP issue-26 91 13 external external ADJ issue-26 91 14 assets asset NOUN issue-26 91 15 at at ADP issue-26 91 16 the the DET issue-26 91 17 time time NOUN issue-26 91 18 of of ADP issue-26 91 19 inflow inflow NOUN issue-26 91 20 of of ADP issue-26 91 21 capital capital NOUN issue-26 91 22 into into ADP issue-26 91 23 the the DET issue-26 91 24 market market NOUN issue-26 91 25 of of ADP issue-26 91 26 domestic domestic ADJ issue-26 91 27 government government NOUN issue-26 91 28 loan loan NOUN issue-26 91 29 obligations obligation NOUN issue-26 91 30 . . PUNCT issue-26 92 1 the the DET issue-26 92 2 capital capital NOUN issue-26 92 3 outflow outflow NOUN issue-26 92 4 from from ADP issue-26 92 5 the the DET issue-26 92 6 market market NOUN issue-26 92 7 of of ADP issue-26 92 8 domestic domestic ADJ issue-26 92 9 government government NOUN issue-26 92 10 loan loan NOUN issue-26 92 11 obligations obligation NOUN issue-26 92 12 while while SCONJ issue-26 92 13 maintaining maintain VERB issue-26 92 14 both both CCONJ issue-26 92 15 tactical tactical ADJ issue-26 92 16 and and CCONJ issue-26 92 17 intermediate intermediate ADJ issue-26 92 18 objectives objective NOUN issue-26 92 19 of of ADP issue-26 92 20 monetary monetary ADJ issue-26 92 21 policy policy NOUN issue-26 92 22 in in ADP issue-26 92 23 terms term NOUN issue-26 92 24 of of ADP issue-26 92 25 exchange exchange NOUN issue-26 92 26 rate rate NOUN issue-26 92 27 has have AUX issue-26 92 28 automatically automatically ADV issue-26 92 29 retransmitted retransmit VERB issue-26 92 30 on on ADP issue-26 92 31 the the DET issue-26 92 32 necessity necessity NOUN issue-26 92 33 to to PART issue-26 92 34 transfer transfer VERB issue-26 92 35 it it PRON issue-26 92 36 into into ADP issue-26 92 37 restriction restriction NOUN issue-26 92 38 mode mode NOUN issue-26 92 39 . . PUNCT issue-26 93 1 -10 -10 PUNCT issue-26 94 1 -5 -5 PUNCT issue-26 95 1 0 0 NUM issue-26 95 2 5 5 NUM issue-26 95 3 10 10 NUM issue-26 95 4 15 15 NUM issue-26 95 5 20 20 NUM issue-26 95 6 25 25 NUM issue-26 95 7 30 30 NUM issue-26 95 8 % % NOUN issue-26 95 9 money money NOUN issue-26 95 10 supply supply NOUN issue-26 95 11 monetary monetary ADJ issue-26 95 12 base base NOUN issue-26 95 13 report report NOUN issue-26 95 14 of of ADP issue-26 95 15 the the DET issue-26 95 16 national national PROPN issue-26 95 17 bank bank PROPN issue-26 95 18 of of ADP issue-26 95 19 ukraine ukraine NOUN issue-26 95 20 , , PUNCT issue-26 95 21 2015 2015 NUM issue-26 95 22 fig fig NOUN issue-26 95 23 . . PUNCT issue-26 96 1 2 2 X issue-26 96 2 . . X issue-26 96 3 the the DET issue-26 96 4 growth growth NOUN issue-26 96 5 of of ADP issue-26 96 6 money money NOUN issue-26 96 7 supply supply NOUN issue-26 96 8 and and CCONJ issue-26 96 9 the the DET issue-26 96 10 monetary monetary ADJ issue-26 96 11 base base NOUN issue-26 96 12 in in ADP issue-26 96 13 the the DET issue-26 96 14 years year NOUN issue-26 96 15 2013 2013 NUM issue-26 96 16 - - SYM issue-26 96 17 2015 2015 NUM issue-26 96 18 . . PUNCT issue-26 97 1 ( ( PUNCT issue-26 97 2 year year NOUN issue-26 97 3 on on ADP issue-26 97 4 year year NOUN issue-26 97 5 change,% change,% PROPN issue-26 97 6 ) ) PUNCT issue-26 97 7 however however ADV issue-26 97 8 , , PUNCT issue-26 97 9 the the DET issue-26 97 10 increasing increase VERB issue-26 97 11 interest interest NOUN issue-26 97 12 rates rate NOUN issue-26 97 13 and and CCONJ issue-26 97 14 the the DET issue-26 97 15 yield yield NOUN issue-26 97 16 on on ADP issue-26 97 17 the the DET issue-26 97 18 government government NOUN issue-26 97 19 debt debt NOUN issue-26 97 20 market market NOUN issue-26 97 21 could could AUX issue-26 97 22 not not PART issue-26 97 23 resist resist VERB issue-26 97 24 the the DET issue-26 97 25 outflow outflow NOUN issue-26 97 26 of of ADP issue-26 97 27 capital capital NOUN issue-26 97 28 . . PUNCT issue-26 98 1 formal formal ADJ issue-26 98 2 analysis analysis NOUN issue-26 98 3 of of ADP issue-26 98 4 the the DET issue-26 98 5 relationship relationship NOUN issue-26 98 6 of of ADP issue-26 98 7 debt debt NOUN issue-26 98 8 policy policy NOUN issue-26 98 9 with with ADP issue-26 98 10 reproductive reproductive ADJ issue-26 98 11 one one NUM issue-26 98 12 allows allow VERB issue-26 98 13 to to PART issue-26 98 14 state state VERB issue-26 98 15 that that SCONJ issue-26 98 16 it it PRON issue-26 98 17 will will AUX issue-26 98 18 have have VERB issue-26 98 19 a a DET issue-26 98 20 direct direct ADJ issue-26 98 21 character character NOUN issue-26 98 22 with with ADP issue-26 98 23 the the DET issue-26 98 24 presence presence NOUN issue-26 98 25 of of ADP issue-26 98 26 adequate adequate ADJ issue-26 98 27 management management NOUN issue-26 98 28 model model NOUN issue-26 98 29 of of ADP issue-26 98 30 allocation allocation NOUN issue-26 98 31 of of ADP issue-26 98 32 the the DET issue-26 98 33 resources resource NOUN issue-26 98 34 mobilized mobilize VERB issue-26 98 35 under under ADP issue-26 98 36 the the DET issue-26 98 37 loan loan NOUN issue-26 98 38 , , PUNCT issue-26 98 39 in in ADP issue-26 98 40 all all DET issue-26 98 41 other other ADJ issue-26 98 42 cases case NOUN issue-26 98 43 it it PRON issue-26 98 44 will will AUX issue-26 98 45 be be AUX issue-26 98 46 indirect indirect ADJ issue-26 98 47 . . PUNCT issue-26 99 1 in in ADP issue-26 99 2 this this DET issue-26 99 3 sense sense NOUN issue-26 99 4 , , PUNCT issue-26 99 5 the the DET issue-26 99 6 first first ADJ issue-26 99 7 case case NOUN issue-26 99 8 demonstrates demonstrate VERB issue-26 99 9 the the DET issue-26 99 10 correlativity correlativity NOUN issue-26 99 11 of of ADP issue-26 99 12 the the DET issue-26 99 13 connection connection NOUN issue-26 99 14 between between ADP issue-26 99 15 the the DET issue-26 99 16 growth growth NOUN issue-26 99 17 of of ADP issue-26 99 18 public public ADJ issue-26 99 19 debt debt NOUN issue-26 99 20 , , PUNCT issue-26 99 21 as as ADP issue-26 99 22 a a DET issue-26 99 23 consequence consequence NOUN issue-26 99 24 of of ADP issue-26 99 25 the the DET issue-26 99 26 deficit deficit NOUN issue-26 99 27 , , PUNCT issue-26 99 28 and and CCONJ issue-26 99 29 the the DET issue-26 99 30 supply supply NOUN issue-26 99 31 of of ADP issue-26 99 32 public public ADJ issue-26 99 33 goods good NOUN issue-26 99 34 of of ADP issue-26 99 35 consumer consumer NOUN issue-26 99 36 or or CCONJ issue-26 99 37 capital capital NOUN issue-26 99 38 nature nature NOUN issue-26 99 39 . . PUNCT issue-26 100 1 in in ADP issue-26 100 2 ukraine ukraine PROPN issue-26 100 3 the the DET issue-26 100 4 growth growth NOUN issue-26 100 5 of of ADP issue-26 100 6 public public ADJ issue-26 100 7 debt debt NOUN issue-26 100 8 does do AUX issue-26 100 9 not not PART issue-26 100 10 mediate mediate VERB issue-26 100 11 the the DET issue-26 100 12 growth growth NOUN issue-26 100 13 of of ADP issue-26 100 14 productive productive ADJ issue-26 100 15 investment investment NOUN issue-26 100 16 . . PUNCT issue-26 101 1 the the DET issue-26 101 2 consumption consumption NOUN issue-26 101 3 of of ADP issue-26 101 4 the the DET issue-26 101 5 public public ADJ issue-26 101 6 sector sector NOUN issue-26 101 7 , , PUNCT issue-26 101 8 concentrated concentrate VERB issue-26 101 9 using use VERB issue-26 101 10 the the DET issue-26 101 11 tools tool NOUN issue-26 101 12 of of ADP issue-26 101 13 deficit deficit NOUN issue-26 101 14 financing financing NOUN issue-26 101 15 , , PUNCT issue-26 101 16 have have VERB issue-26 101 17 only only ADV issue-26 101 18 the the DET issue-26 101 19 current current ADJ issue-26 101 20 character character NOUN issue-26 101 21 since since SCONJ issue-26 101 22 the the DET issue-26 101 23 capital capital NOUN issue-26 101 24 expenditure expenditure NOUN issue-26 101 25 is be AUX issue-26 101 26 much much ADV issue-26 101 27 smaller small ADJ issue-26 101 28 than than ADP issue-26 101 29 the the DET issue-26 101 30 amount amount NOUN issue-26 101 31 of of ADP issue-26 101 32 the the DET issue-26 101 33 deficit deficit NOUN issue-26 101 34 . . PUNCT issue-26 102 1 the the DET issue-26 102 2 implementation implementation NOUN issue-26 102 3 of of ADP issue-26 102 4 capital capital NOUN issue-26 102 5 expenditure expenditure NOUN issue-26 102 6 should should AUX issue-26 102 7 not not PART issue-26 102 8 be be AUX issue-26 102 9 based base VERB issue-26 102 10 on on ADP issue-26 102 11 the the DET issue-26 102 12 standards standard NOUN issue-26 102 13 of of ADP issue-26 102 14 industrial industrial ADJ issue-26 102 15 society society NOUN issue-26 102 16 , , PUNCT issue-26 102 17 according accord VERB issue-26 102 18 to to ADP issue-26 102 19 which which PRON issue-26 102 20 , , PUNCT issue-26 102 21 during during ADP issue-26 102 22 the the DET issue-26 102 23 debt debt NOUN issue-26 102 24 financing financing NOUN issue-26 102 25 of of ADP issue-26 102 26 needs need NOUN issue-26 102 27 of of ADP issue-26 102 28 the the DET issue-26 102 29 state state NOUN issue-26 102 30 society society NOUN issue-26 102 31 is be AUX issue-26 102 32 not not PART issue-26 102 33 impoverished impoverish VERB issue-26 102 34 only only ADV issue-26 102 35 due due ADP issue-26 102 36 to to ADP issue-26 102 37 the the DET issue-26 102 38 increase increase NOUN issue-26 102 39 of of ADP issue-26 102 40 fixed fix VERB issue-26 102 41 assets asset NOUN issue-26 102 42 of of ADP issue-26 102 43 the the DET issue-26 102 44 economy economy NOUN issue-26 102 45 ) ) PUNCT issue-26 102 46 , , PUNCT issue-26 102 47 but but CCONJ issue-26 102 48 on on ADP issue-26 102 49 the the DET issue-26 102 50 basis basis NOUN issue-26 102 51 of of ADP issue-26 102 52 trends trend NOUN issue-26 102 53 of of ADP issue-26 102 54 the the DET issue-26 102 55 formation formation NOUN issue-26 102 56 of of ADP issue-26 102 57 post post ADJ issue-26 102 58 - - ADJ issue-26 102 59 industrial industrial ADJ issue-26 102 60 civilization civilization NOUN issue-26 102 61 . . PUNCT issue-26 103 1 in in ADP issue-26 103 2 accordance accordance NOUN issue-26 103 3 with with ADP issue-26 103 4 the the DET issue-26 103 5 study study NOUN issue-26 103 6 of of ADP issue-26 103 7 v. v. CCONJ issue-26 103 8 andrushchenko andrushchenko NOUN issue-26 103 9 ( ( PUNCT issue-26 103 10 andrushchenko andrushchenko VERB issue-26 103 11 , , PUNCT issue-26 103 12 v. v. ADV issue-26 103 13 , , PUNCT issue-26 103 14 1999 1999 NUM issue-26 103 15 ) ) PUNCT issue-26 104 1 this this PRON issue-26 104 2 requires require VERB issue-26 104 3 updating update VERB issue-26 104 4 the the DET issue-26 104 5 methodology methodology NOUN issue-26 104 6 for for ADP issue-26 104 7 determining determine VERB issue-26 104 8 the the DET issue-26 104 9 investment investment NOUN issue-26 104 10 costs cost NOUN issue-26 104 11 by by ADP issue-26 104 12 attributing attribute VERB issue-26 104 13 to to ADP issue-26 104 14 them they PRON issue-26 104 15 the the DET issue-26 104 16 cost cost NOUN issue-26 104 17 of of ADP issue-26 104 18 r r NOUN issue-26 104 19 & & CCONJ issue-26 104 20 d d PROPN issue-26 104 21 and and CCONJ issue-26 104 22 fundamental fundamental ADJ issue-26 104 23 researches research NOUN issue-26 104 24 , , PUNCT issue-26 104 25 investment investment NOUN issue-26 104 26 in in ADP issue-26 104 27 “ " PUNCT issue-26 104 28 human human ADJ issue-26 104 29 capital capital NOUN issue-26 104 30 ” " PUNCT issue-26 104 31 and and CCONJ issue-26 104 32 so so ADV issue-26 104 33 on on ADV issue-26 104 34 , , PUNCT issue-26 104 35 the the DET issue-26 104 36 usefulness usefulness NOUN issue-26 104 37 of of ADP issue-26 104 38 which which PRON issue-26 104 39 will will AUX issue-26 104 40 be be AUX issue-26 104 41 consumed consume VERB issue-26 104 42 by by ADP issue-26 104 43 the the DET issue-26 104 44 present present ADJ issue-26 104 45 and and CCONJ issue-26 104 46 future future ADJ issue-26 104 47 generations generation NOUN issue-26 104 48 . . PUNCT issue-26 105 1 given give VERB issue-26 105 2 the the DET issue-26 105 3 above above ADJ issue-26 105 4 , , PUNCT issue-26 105 5 the the DET issue-26 105 6 implementation implementation NOUN issue-26 105 7 of of ADP issue-26 105 8 the the DET issue-26 105 9 debt debt NOUN issue-26 105 10 policy policy NOUN issue-26 105 11 at at ADP issue-26 105 12 the the DET issue-26 105 13 macro macro ADJ issue-26 105 14 level level NOUN issue-26 105 15 should should AUX issue-26 105 16 tightly tightly ADV issue-26 105 17 determine determine VERB issue-26 105 18 the the DET issue-26 105 19 restructuring restructuring NOUN issue-26 105 20 of of ADP issue-26 105 21 micro micro NOUN issue-26 105 22 - - NOUN issue-26 105 23 level level NOUN issue-26 105 24 , , PUNCT issue-26 105 25 stimulating stimulate VERB issue-26 105 26 the the DET issue-26 105 27 role role NOUN issue-26 105 28 of of ADP issue-26 105 29 the the DET issue-26 105 30 innovative innovative ADJ issue-26 105 31 aspects aspect NOUN issue-26 105 32 of of ADP issue-26 105 33 development development NOUN issue-26 105 34 in in ADP issue-26 105 35 the the DET issue-26 105 36 transformational transformational ADJ issue-26 105 37 process process NOUN issue-26 105 38 . . PUNCT issue-26 106 1 the the DET issue-26 106 2 government government NOUN issue-26 106 3 expenditures expenditure NOUN issue-26 106 4 , , PUNCT issue-26 106 5 being be AUX issue-26 106 6 in in ADP issue-26 106 7 systematic systematic ADJ issue-26 106 8 connection connection NOUN issue-26 106 9 with with ADP issue-26 106 10 the the DET issue-26 106 11 government government NOUN issue-26 106 12 borrowing borrowing NOUN issue-26 106 13 , , PUNCT issue-26 106 14 directly directly ADV issue-26 106 15 baltic baltic ADJ issue-26 106 16 journal journal PROPN issue-26 106 17 of of ADP issue-26 106 18 economic economic ADJ issue-26 106 19 studies study NOUN issue-26 106 20 152 152 NUM issue-26 106 21 vol vol NOUN issue-26 106 22 . . PROPN issue-26 106 23 1 1 NUM issue-26 106 24 , , PUNCT issue-26 106 25 2015 2015 NUM issue-26 106 26 affecting affect VERB issue-26 106 27 a a DET issue-26 106 28 particular particular ADJ issue-26 106 29 trend trend NOUN issue-26 106 30 of of ADP issue-26 106 31 consumption consumption NOUN issue-26 106 32 and and CCONJ issue-26 106 33 accumulation accumulation NOUN issue-26 106 34 depending depend VERB issue-26 106 35 on on ADP issue-26 106 36 the the DET issue-26 106 37 structure structure NOUN issue-26 106 38 of of ADP issue-26 106 39 budget budget NOUN issue-26 106 40 expenses expense NOUN issue-26 106 41 and and CCONJ issue-26 106 42 accommodation accommodation NOUN issue-26 106 43 of of ADP issue-26 106 44 resources resource NOUN issue-26 106 45 mobilized mobilize VERB issue-26 106 46 under under ADP issue-26 106 47 the the DET issue-26 106 48 debt debt NOUN issue-26 106 49 . . PUNCT issue-26 107 1 however however ADV issue-26 107 2 , , PUNCT issue-26 107 3 government government NOUN issue-26 107 4 expenditures expenditure NOUN issue-26 107 5 stimulated stimulate VERB issue-26 107 6 by by ADP issue-26 107 7 the the DET issue-26 107 8 government government NOUN issue-26 107 9 borrowings borrowing NOUN issue-26 107 10 , , PUNCT issue-26 107 11 in in ADP issue-26 107 12 addition addition NOUN issue-26 107 13 to to ADP issue-26 107 14 its its PRON issue-26 107 15 pronounced pronounce VERB issue-26 107 16 orientation orientation NOUN issue-26 107 17 on on ADP issue-26 107 18 the the DET issue-26 107 19 current current ADJ issue-26 107 20 consumption consumption NOUN issue-26 107 21 , , PUNCT issue-26 107 22 is be AUX issue-26 107 23 a a DET issue-26 107 24 factor factor NOUN issue-26 107 25 that that PRON issue-26 107 26 , , PUNCT issue-26 107 27 according accord VERB issue-26 107 28 to to ADP issue-26 107 29 the the DET issue-26 107 30 study study NOUN issue-26 107 31 of of ADP issue-26 107 32 i. i. PROPN issue-26 107 33 radionova radionova PROPN issue-26 107 34 , , PUNCT issue-26 107 35 increasingly increasingly ADV issue-26 107 36 affects affect VERB issue-26 107 37 the the DET issue-26 107 38 state state NOUN issue-26 107 39 of of ADP issue-26 107 40 external external ADJ issue-26 107 41 balance balance NOUN issue-26 107 42 rather rather ADV issue-26 107 43 than than ADP issue-26 107 44 the the DET issue-26 107 45 state state NOUN issue-26 107 46 of of ADP issue-26 107 47 internal internal ADJ issue-26 107 48 one one NOUN issue-26 107 49 ( ( PUNCT issue-26 107 50 radionova radionova PROPN issue-26 107 51 , , PUNCT issue-26 107 52 j.f j.f PROPN issue-26 107 53 . . PROPN issue-26 107 54 , , PUNCT issue-26 107 55 1999 1999 NUM issue-26 107 56 ) ) PUNCT issue-26 107 57 . . PUNCT issue-26 108 1 the the DET issue-26 108 2 maintenance maintenance NOUN issue-26 108 3 of of ADP issue-26 108 4 nominal nominal ADJ issue-26 108 5 exchange exchange NOUN issue-26 108 6 rate rate NOUN issue-26 108 7 with with ADP issue-26 108 8 the the DET issue-26 108 9 purpose purpose NOUN issue-26 108 10 of of ADP issue-26 108 11 stabilization stabilization NOUN issue-26 108 12 and and CCONJ issue-26 108 13 anti anti ADJ issue-26 108 14 - - NOUN issue-26 108 15 inflation inflation NOUN issue-26 108 16 theoretically theoretically ADV issue-26 108 17 acts act VERB issue-26 108 18 as as ADP issue-26 108 19 a a DET issue-26 108 20 factor factor NOUN issue-26 108 21 stimulating stimulate VERB issue-26 108 22 the the DET issue-26 108 23 consumption consumption NOUN issue-26 108 24 . . PUNCT issue-26 109 1 in in ADP issue-26 109 2 addition addition NOUN issue-26 109 3 to to ADP issue-26 109 4 the the DET issue-26 109 5 fact fact NOUN issue-26 109 6 that that SCONJ issue-26 109 7 the the DET issue-26 109 8 exchange exchange NOUN issue-26 109 9 rate rate NOUN issue-26 109 10 is be AUX issue-26 109 11 an an DET issue-26 109 12 impact impact NOUN issue-26 109 13 factor factor NOUN issue-26 109 14 for for ADP issue-26 109 15 the the DET issue-26 109 16 dominance dominance NOUN issue-26 109 17 of of ADP issue-26 109 18 consumption consumption NOUN issue-26 109 19 in in ADP issue-26 109 20 reproductive reproductive ADJ issue-26 109 21 proportions proportion NOUN issue-26 109 22 it it PRON issue-26 109 23 should should AUX issue-26 109 24 be be AUX issue-26 109 25 noted note VERB issue-26 109 26 that that SCONJ issue-26 109 27 it it PRON issue-26 109 28 is be AUX issue-26 109 29 an an DET issue-26 109 30 essential essential ADJ issue-26 109 31 element element NOUN issue-26 109 32 in in ADP issue-26 109 33 the the DET issue-26 109 34 system system NOUN issue-26 109 35 of of ADP issue-26 109 36 communication communication NOUN issue-26 109 37 of of ADP issue-26 109 38 domestic domestic ADJ issue-26 109 39 productivity productivity NOUN issue-26 109 40 of of ADP issue-26 109 41 factors factor NOUN issue-26 109 42 and and CCONJ issue-26 109 43 price price NOUN issue-26 109 44 level level NOUN issue-26 109 45 with with ADP issue-26 109 46 the the DET issue-26 109 47 international international ADJ issue-26 109 48 ones one NOUN issue-26 109 49 . . PUNCT issue-26 110 1 as as SCONJ issue-26 110 2 it it PRON issue-26 110 3 is be AUX issue-26 110 4 shown show VERB issue-26 110 5 in in ADP issue-26 110 6 some some DET issue-26 110 7 studies study NOUN issue-26 110 8 ( ( PUNCT issue-26 110 9 melamed melamed PROPN issue-26 110 10 , , PUNCT issue-26 110 11 m. m. NOUN issue-26 110 12 , , PUNCT issue-26 110 13 1998 1998 NUM issue-26 110 14 ) ) PUNCT issue-26 110 15 , , PUNCT issue-26 110 16 at at ADP issue-26 110 17 the the DET issue-26 110 18 beginning beginning NOUN issue-26 110 19 of of ADP issue-26 110 20 the the DET issue-26 110 21 transformation transformation NOUN issue-26 110 22 in in ADP issue-26 110 23 ukraine ukraine NOUN issue-26 110 24 the the DET issue-26 110 25 reaction reaction NOUN issue-26 110 26 to to ADP issue-26 110 27 the the DET issue-26 110 28 low low ADJ issue-26 110 29 level level NOUN issue-26 110 30 of of ADP issue-26 110 31 labor labor NOUN issue-26 110 32 productivity productivity NOUN issue-26 110 33 , , PUNCT issue-26 110 34 expressed express VERB issue-26 110 35 in in ADP issue-26 110 36 terms term NOUN issue-26 110 37 of of ADP issue-26 110 38 gdp gdp NOUN issue-26 110 39 per per ADP issue-26 110 40 capita capita NOUN issue-26 110 41 , , PUNCT issue-26 110 42 and and CCONJ issue-26 110 43 to to ADP issue-26 110 44 the the DET issue-26 110 45 prices price NOUN issue-26 110 46 , , PUNCT issue-26 110 47 in in ADP issue-26 110 48 comparison comparison NOUN issue-26 110 49 with with ADP issue-26 110 50 the the DET issue-26 110 51 similar similar ADJ issue-26 110 52 indicators indicator NOUN issue-26 110 53 in in ADP issue-26 110 54 the the DET issue-26 110 55 usa usa PROPN issue-26 110 56 , , PUNCT issue-26 110 57 was be AUX issue-26 110 58 naturally naturally ADV issue-26 110 59 compensated compensate VERB issue-26 110 60 by by ADP issue-26 110 61 undervalued undervalued ADJ issue-26 110 62 exchange exchange NOUN issue-26 110 63 rate rate NOUN issue-26 110 64 . . PUNCT issue-26 111 1 6 6 X issue-26 111 2 . . X issue-26 111 3 conclusions conclusion NOUN issue-26 111 4 the the DET issue-26 111 5 relationship relationship NOUN issue-26 111 6 between between ADP issue-26 111 7 the the DET issue-26 111 8 debt debt NOUN issue-26 111 9 policy policy NOUN issue-26 111 10 and and CCONJ issue-26 111 11 measures measure NOUN issue-26 111 12 of of ADP issue-26 111 13 macro macro NOUN issue-26 111 14 - - NOUN issue-26 111 15 regulation regulation NOUN issue-26 111 16 during during ADP issue-26 111 17 the the DET issue-26 111 18 transformation transformation NOUN issue-26 111 19 has have VERB issue-26 111 20 the the DET issue-26 111 21 stable stable ADJ issue-26 111 22 and and CCONJ issue-26 111 23 permanent permanent ADJ issue-26 111 24 nature nature NOUN issue-26 111 25 , , PUNCT issue-26 111 26 and and CCONJ issue-26 111 27 the the DET issue-26 111 28 use use NOUN issue-26 111 29 of of ADP issue-26 111 30 certain certain ADJ issue-26 111 31 instruments instrument NOUN issue-26 111 32 of of ADP issue-26 111 33 government government NOUN issue-26 111 34 debt debt NOUN issue-26 111 35 management management NOUN issue-26 111 36 is be AUX issue-26 111 37 exclusively exclusively ADV issue-26 111 38 possible possible ADJ issue-26 111 39 for for ADP issue-26 111 40 a a DET issue-26 111 41 definite definite ADJ issue-26 111 42 direction direction NOUN issue-26 111 43 of of ADP issue-26 111 44 macro macro ADJ issue-26 111 45 policy policy NOUN issue-26 111 46 on on ADP issue-26 111 47 the the DET issue-26 111 48 one one NUM issue-26 111 49 hand hand NOUN issue-26 111 50 , , PUNCT issue-26 111 51 and and CCONJ issue-26 111 52 they they PRON issue-26 111 53 are be AUX issue-26 111 54 the the DET issue-26 111 55 elements element NOUN issue-26 111 56 in in ADP issue-26 111 57 the the DET issue-26 111 58 system system NOUN issue-26 111 59 of of ADP issue-26 111 60 measures measure NOUN issue-26 111 61 for for ADP issue-26 111 62 its its PRON issue-26 111 63 implementation implementation NOUN issue-26 111 64 on on ADP issue-26 111 65 the the DET issue-26 111 66 other other ADJ issue-26 111 67 hand hand NOUN issue-26 111 68 . . PUNCT issue-26 112 1 in in ADP issue-26 112 2 the the DET issue-26 112 3 pre pre ADJ issue-26 112 4 - - ADJ issue-26 112 5 stabilization stabilization ADJ issue-26 112 6 phase phase NOUN issue-26 112 7 of of ADP issue-26 112 8 transformation transformation NOUN issue-26 112 9 the the DET issue-26 112 10 debt debt NOUN issue-26 112 11 policy policy NOUN issue-26 112 12 synthesizes synthesize VERB issue-26 112 13 the the DET issue-26 112 14 expansive expansive ADJ issue-26 112 15 solutions solution NOUN issue-26 112 16 of of ADP issue-26 112 17 monetary monetary ADJ issue-26 112 18 and and CCONJ issue-26 112 19 fiscal fiscal ADJ issue-26 112 20 authorities authority NOUN issue-26 112 21 , , PUNCT issue-26 112 22 and and CCONJ issue-26 112 23 a a DET issue-26 112 24 direct direct ADJ issue-26 112 25 link link NOUN issue-26 112 26 between between ADP issue-26 112 27 them they PRON issue-26 112 28 mediate mediate VERB issue-26 112 29 the the DET issue-26 112 30 expansion expansion NOUN issue-26 112 31 of of ADP issue-26 112 32 demand demand NOUN issue-26 112 33 in in ADP issue-26 112 34 the the DET issue-26 112 35 public public ADJ issue-26 112 36 sector sector NOUN issue-26 112 37 and and CCONJ issue-26 112 38 the the DET issue-26 112 39 preservation preservation NOUN issue-26 112 40 of of ADP issue-26 112 41 soft soft ADJ issue-26 112 42 budget budget NOUN issue-26 112 43 constraints constraint NOUN issue-26 112 44 for for ADP issue-26 112 45 micro micro NOUN issue-26 112 46 - - NOUN issue-26 112 47 units unit NOUN issue-26 112 48 ; ; PUNCT issue-26 112 49 in in ADP issue-26 112 50 the the DET issue-26 112 51 stabilization stabilization NOUN issue-26 112 52 phase phase NOUN issue-26 112 53 the the DET issue-26 112 54 relationship relationship NOUN issue-26 112 55 between between ADP issue-26 112 56 fiscal fiscal ADJ issue-26 112 57 , , PUNCT issue-26 112 58 monetary monetary ADJ issue-26 112 59 and and CCONJ issue-26 112 60 debt debt NOUN issue-26 112 61 policy policy NOUN issue-26 112 62 becomes become VERB issue-26 112 63 more more ADV issue-26 112 64 indirect indirect ADJ issue-26 112 65 , , PUNCT issue-26 112 66 but but CCONJ issue-26 112 67 are be AUX issue-26 112 68 direct direct ADJ issue-26 112 69 in in ADP issue-26 112 70 that that DET issue-26 112 71 part part NOUN issue-26 112 72 of of ADP issue-26 112 73 the the DET issue-26 112 74 borrowing borrowing NOUN issue-26 112 75 purposes purpose NOUN issue-26 112 76 , , PUNCT issue-26 112 77 subordinated subordinate VERB issue-26 112 78 to to ADP issue-26 112 79 the the DET issue-26 112 80 creation creation NOUN issue-26 112 81 of of ADP issue-26 112 82 macro macro ADJ issue-26 112 83 - - NOUN issue-26 112 84 stabilization stabilization NOUN issue-26 112 85 mechanism mechanism NOUN issue-26 112 86 of of ADP issue-26 112 87 transformation transformation NOUN issue-26 112 88 ; ; PUNCT issue-26 112 89 in in ADP issue-26 112 90 the the DET issue-26 112 91 post post ADJ issue-26 112 92 - - ADJ issue-26 112 93 stabilization stabilization NOUN issue-26 112 94 period period NOUN issue-26 112 95 the the DET issue-26 112 96 role role NOUN issue-26 112 97 of of ADP issue-26 112 98 indirect indirect ADJ issue-26 112 99 interconnection interconnection NOUN issue-26 112 100 between between ADP issue-26 112 101 the the DET issue-26 112 102 debt debt NOUN issue-26 112 103 measures measure NOUN issue-26 112 104 and and CCONJ issue-26 112 105 fiscal fiscal ADJ issue-26 112 106 and and CCONJ issue-26 112 107 monetary monetary ADJ issue-26 112 108 decisions decision NOUN issue-26 112 109 increases increase NOUN issue-26 112 110 , , PUNCT issue-26 112 111 but but CCONJ issue-26 112 112 the the DET issue-26 112 113 lack lack NOUN issue-26 112 114 of of ADP issue-26 112 115 a a DET issue-26 112 116 deep deep ADJ issue-26 112 117 micro micro NOUN issue-26 112 118 - - NOUN issue-26 112 119 restructuring restructuring ADJ issue-26 112 120 and and CCONJ issue-26 112 121 deep deep ADJ issue-26 112 122 systemic systemic ADJ issue-26 112 123 and and CCONJ issue-26 112 124 structural structural ADJ issue-26 112 125 reforms reform NOUN issue-26 112 126 cause cause VERB issue-26 112 127 the the DET issue-26 112 128 deterioration deterioration NOUN issue-26 112 129 in in ADP issue-26 112 130 the the DET issue-26 112 131 macro macro ADJ issue-26 112 132 - - ADJ issue-26 112 133 economic economic ADJ issue-26 112 134 state state NOUN issue-26 112 135 of of ADP issue-26 112 136 the the DET issue-26 112 137 system system NOUN issue-26 112 138 , , PUNCT issue-26 112 139 due due ADP issue-26 112 140 to to ADP issue-26 112 141 which which PRON issue-26 112 142 the the DET issue-26 112 143 vector vector NOUN issue-26 112 144 of of ADP issue-26 112 145 government government NOUN issue-26 112 146 borrowing borrowing NOUN issue-26 112 147 again again ADV issue-26 112 148 gravitates gravitate VERB issue-26 112 149 toward toward ADP issue-26 112 150 the the DET issue-26 112 151 field field NOUN issue-26 112 152 of of ADP issue-26 112 153 formation formation NOUN issue-26 112 154 of of ADP issue-26 112 155 the the DET issue-26 112 156 mechanism mechanism NOUN issue-26 112 157 of of ADP issue-26 112 158 stabilization stabilization NOUN issue-26 112 159 . . PUNCT issue-26 113 1 in in ADP issue-26 113 2 the the DET issue-26 113 3 poststabilization poststabilization NOUN issue-26 113 4 period period NOUN issue-26 113 5 the the DET issue-26 113 6 following follow VERB issue-26 113 7 contradictions contradiction NOUN issue-26 113 8 are be AUX issue-26 113 9 especially especially ADV issue-26 113 10 intensely intensely ADV issue-26 113 11 manifested manifest VERB issue-26 113 12 : : PUNCT issue-26 113 13 firstly firstly ADV issue-26 113 14 , , PUNCT issue-26 113 15 the the DET issue-26 113 16 contradictions contradiction NOUN issue-26 113 17 between between ADP issue-26 113 18 the the DET issue-26 113 19 expansive expansive ADJ issue-26 113 20 fiscal fiscal ADJ issue-26 113 21 policy policy NOUN issue-26 113 22 and and CCONJ issue-26 113 23 relatively relatively ADV issue-26 113 24 restrained restrained ADJ issue-26 113 25 monetary monetary ADJ issue-26 113 26 policy policy NOUN issue-26 113 27 , , PUNCT issue-26 113 28 which which PRON issue-26 113 29 is be AUX issue-26 113 30 why why SCONJ issue-26 113 31 the the DET issue-26 113 32 maintenance maintenance NOUN issue-26 113 33 of of ADP issue-26 113 34 the the DET issue-26 113 35 exchange exchange NOUN issue-26 113 36 rate rate NOUN issue-26 113 37 and and CCONJ issue-26 113 38 inflation inflation NOUN issue-26 113 39 on on ADP issue-26 113 40 the the DET issue-26 113 41 equilibrium equilibrium NOUN issue-26 113 42 level level NOUN issue-26 113 43 takes take VERB issue-26 113 44 place place NOUN issue-26 113 45 with with ADP issue-26 113 46 the the DET issue-26 113 47 higher high ADJ issue-26 113 48 interest interest NOUN issue-26 113 49 rates rate NOUN issue-26 113 50 ; ; PUNCT issue-26 113 51 secondly secondly ADV issue-26 113 52 , , PUNCT issue-26 113 53 there there PRON issue-26 113 54 is be VERB issue-26 113 55 an an DET issue-26 113 56 enhancement enhancement NOUN issue-26 113 57 of of ADP issue-26 113 58 contradictions contradiction NOUN issue-26 113 59 within within ADP issue-26 113 60 the the DET issue-26 113 61 system system NOUN issue-26 113 62 of of ADP issue-26 113 63 fiscal fiscal ADJ issue-26 113 64 policy policy NOUN issue-26 113 65 ( ( PUNCT issue-26 113 66 restrictive restrictive ADJ issue-26 113 67 tax tax NOUN issue-26 113 68 policy policy NOUN issue-26 113 69 and and CCONJ issue-26 113 70 stimulating stimulate VERB issue-26 113 71 expenditure expenditure NOUN issue-26 113 72 one one NUM issue-26 113 73 ) ) PUNCT issue-26 113 74 and and CCONJ issue-26 113 75 monetary monetary ADJ issue-26 113 76 policy policy NOUN issue-26 113 77 ( ( PUNCT issue-26 113 78 in in ADP issue-26 113 79 the the DET issue-26 113 80 process process NOUN issue-26 113 81 of of ADP issue-26 113 82 intensive intensive ADJ issue-26 113 83 domestic domestic ADJ issue-26 113 84 borrowings borrowing NOUN issue-26 113 85 and and CCONJ issue-26 113 86 limited limited ADJ issue-26 113 87 access access NOUN issue-26 113 88 to to ADP issue-26 113 89 external external ADJ issue-26 113 90 markets market NOUN issue-26 113 91 the the DET issue-26 113 92 attempts attempt NOUN issue-26 113 93 to to PART issue-26 113 94 keep keep VERB issue-26 113 95 the the DET issue-26 113 96 money money NOUN issue-26 113 97 supply supply NOUN issue-26 113 98 and and CCONJ issue-26 113 99 the the DET issue-26 113 100 exchange exchange NOUN issue-26 113 101 rate rate NOUN issue-26 113 102 at at ADP issue-26 113 103 the the DET issue-26 113 104 target target NOUN issue-26 113 105 level level NOUN issue-26 113 106 is be AUX issue-26 113 107 impossible impossible ADJ issue-26 113 108 and and CCONJ issue-26 113 109 leads lead VERB issue-26 113 110 to to ADP issue-26 113 111 the the DET issue-26 113 112 enhancement enhancement NOUN issue-26 113 113 of of ADP issue-26 113 114 credit credit NOUN issue-26 113 115 restriction restriction NOUN issue-26 113 116 ) ) PUNCT issue-26 113 117 . . PUNCT issue-26 114 1 the the DET issue-26 114 2 formation formation NOUN issue-26 114 3 of of ADP issue-26 114 4 consumer consumer NOUN issue-26 114 5 - - PUNCT issue-26 114 6 oriented orient VERB issue-26 114 7 reproduction reproduction NOUN issue-26 114 8 proportions proportion NOUN issue-26 114 9 of of ADP issue-26 114 10 gdp gdp NOUN issue-26 114 11 is be AUX issue-26 114 12 one one NUM issue-26 114 13 of of ADP issue-26 114 14 the the DET issue-26 114 15 consequences consequence NOUN issue-26 114 16 of of ADP issue-26 114 17 such such DET issue-26 114 18 a a DET issue-26 114 19 situation situation NOUN issue-26 114 20 . . PUNCT issue-26 115 1 references reference NOUN issue-26 115 2 andrushchenko andrushchenko VERB issue-26 115 3 , , PUNCT issue-26 115 4 v. v. PROPN issue-26 115 5 ( ( PUNCT issue-26 115 6 1999 1999 NUM issue-26 115 7 ) ) PUNCT issue-26 115 8 . . PUNCT issue-26 116 1 western western ADJ issue-26 116 2 technology technology NOUN issue-26 116 3 investment investment NOUN issue-26 116 4 diversification diversification NOUN issue-26 116 5 and and CCONJ issue-26 116 6 intensification intensification NOUN issue-26 116 7 . . PUNCT issue-26 117 1 yaltaforos yaltaforo NOUN issue-26 117 2 , , PUNCT issue-26 117 3 ternopil ternopil PROPN issue-26 117 4 : : PUNCT issue-26 117 5 tang tang PROPN issue-26 117 6 : : PUNCT issue-26 117 7 proceedings proceeding NOUN issue-26 117 8 of of ADP issue-26 117 9 the the DET issue-26 117 10 fourth fourth ADJ issue-26 117 11 international international ADJ issue-26 117 12 conference conference NOUN issue-26 117 13 “ " PUNCT issue-26 117 14 problems problem NOUN issue-26 117 15 of of ADP issue-26 117 16 economic economic ADJ issue-26 117 17 integration integration NOUN issue-26 117 18 of of ADP issue-26 117 19 ukraine ukraine NOUN issue-26 117 20 into into ADP issue-26 117 21 the the DET issue-26 117 22 european european PROPN issue-26 117 23 union union PROPN issue-26 117 24 : : PUNCT issue-26 117 25 investment investment NOUN issue-26 117 26 aspects aspect NOUN issue-26 117 27 ” " PUNCT issue-26 117 28 , , PUNCT issue-26 117 29 66 66 NUM issue-26 117 30 - - SYM issue-26 117 31 70 70 NUM issue-26 117 32 . . PUNCT issue-26 117 33 bofinger bofinger NOUN issue-26 117 34 , , PUNCT issue-26 117 35 p. p. NOUN issue-26 117 36 , , PUNCT issue-26 117 37 flassbeck flassbeck PROPN issue-26 117 38 g. g. PROPN issue-26 117 39 , , PUNCT issue-26 117 40 & & CCONJ issue-26 117 41 hoffmann hoffmann PROPN issue-26 117 42 , , PUNCT issue-26 117 43 l. l. PROPN issue-26 117 44 ( ( PUNCT issue-26 117 45 1995 1995 NUM issue-26 117 46 ) ) PUNCT issue-26 117 47 economics economic NOUN issue-26 117 48 orthodox orthodox ADJ issue-26 117 49 monetary monetary ADJ issue-26 117 50 stabilization stabilization NOUN issue-26 117 51 : : PUNCT issue-26 117 52 the the DET issue-26 117 53 example example NOUN issue-26 117 54 of of ADP issue-26 117 55 russia russia PROPN issue-26 117 56 , , PUNCT issue-26 117 57 ukraine ukraine PROPN issue-26 117 58 and and CCONJ issue-26 117 59 kazakhstan kazakhstan PROPN issue-26 117 60 , , PUNCT issue-26 117 61 problems problem NOUN issue-26 117 62 of of ADP issue-26 117 63 economics economic NOUN issue-26 117 64 , , PUNCT issue-26 117 65 ( ( PUNCT issue-26 117 66 12 12 NUM issue-26 117 67 ) ) PUNCT issue-26 117 68 , , PUNCT issue-26 117 69 26 26 NUM issue-26 117 70 - - SYM issue-26 117 71 44 44 NUM issue-26 117 72 . . PUNCT issue-26 117 73 siedenberg siedenberg PROPN issue-26 117 74 a. a. PROPN issue-26 117 75 , , PUNCT issue-26 117 76 & & CCONJ issue-26 117 77 hoffmann hoffmann PROPN issue-26 117 78 , , PUNCT issue-26 117 79 l. l. PROPN issue-26 117 80 ( ( PUNCT issue-26 117 81 1998 1998 NUM issue-26 117 82 ) ) PUNCT issue-26 117 83 . . PUNCT issue-26 118 1 ukraine ukraine PROPN issue-26 118 2 at at ADP issue-26 118 3 a a DET issue-26 118 4 crossroads crossroad NOUN issue-26 118 5 . . PUNCT issue-26 119 1 lessons lesson NOUN issue-26 119 2 from from ADP issue-26 119 3 international international ADJ issue-26 119 4 experience experience NOUN issue-26 119 5 of of ADP issue-26 119 6 economic economic ADJ issue-26 119 7 reforms reform NOUN issue-26 119 8 , , PUNCT issue-26 119 9 il il PROPN issue-26 119 10 . . PUNCT issue-26 119 11 : : PUNCT issue-26 120 1 phoenix phoenix PROPN issue-26 120 2 . . PUNCT issue-26 121 1 melamed melamed PROPN issue-26 121 2 , , PUNCT issue-26 121 3 m. m. NOUN issue-26 121 4 ( ( PUNCT issue-26 121 5 1998 1998 NUM issue-26 121 6 ) ) PUNCT issue-26 121 7 . . PUNCT issue-26 122 1 structural structural ADJ issue-26 122 2 relative relative ADJ issue-26 122 3 prices price NOUN issue-26 122 4 and and CCONJ issue-26 122 5 problems problem NOUN issue-26 122 6 of of ADP issue-26 122 7 economic economic ADJ issue-26 122 8 growth growth NOUN issue-26 122 9 in in ADP issue-26 122 10 ukraine ukraine NOUN issue-26 122 11 : : PUNCT issue-26 122 12 aspects aspect NOUN issue-26 122 13 of of ADP issue-26 122 14 the the DET issue-26 122 15 analysis analysis NOUN issue-26 122 16 . . PUNCT issue-26 123 1 financial financial ADJ issue-26 123 2 risks risk NOUN issue-26 123 3 . . PUNCT issue-26 124 1 analytical analytical ADJ issue-26 124 2 review review NOUN issue-26 124 3 , , PUNCT issue-26 124 4 2 2 NUM issue-26 124 5 , , PUNCT issue-26 124 6 68 68 NUM issue-26 124 7 - - SYM issue-26 124 8 77 77 NUM issue-26 124 9 . . PUNCT issue-26 125 1 popov popov PROPN issue-26 125 2 , , PUNCT issue-26 125 3 v. v. PROPN issue-26 125 4 ( ( PUNCT issue-26 125 5 1999 1999 NUM issue-26 125 6 ) ) PUNCT issue-26 125 7 . . PUNCT issue-26 126 1 lessons lesson NOUN issue-26 126 2 currency currency NOUN issue-26 126 3 crisis crisis NOUN issue-26 126 4 in in ADP issue-26 126 5 russia russia PROPN issue-26 126 6 and and CCONJ issue-26 126 7 other other ADJ issue-26 126 8 mills mill NOUN issue-26 126 9 . . PUNCT issue-26 127 1 questions question NOUN issue-26 127 2 of of ADP issue-26 127 3 economy economy NOUN issue-26 127 4 , , PUNCT issue-26 127 5 ( ( PUNCT issue-26 127 6 6 6 NUM issue-26 127 7 ) ) PUNCT issue-26 127 8 , , PUNCT issue-26 127 9 100 100 NUM issue-26 127 10 - - SYM issue-26 127 11 122 122 NUM issue-26 127 12 . . PUNCT issue-26 128 1 radionova radionova PROPN issue-26 128 2 , , PUNCT issue-26 128 3 j.f j.f PROPN issue-26 128 4 . . PROPN issue-26 128 5 ( ( PUNCT issue-26 128 6 1999 1999 NUM issue-26 128 7 ) ) PUNCT issue-26 128 8 macroeconomic macroeconomic ADJ issue-26 128 9 fundamentals fundamental NOUN issue-26 128 10 of of ADP issue-26 128 11 roles role NOUN issue-26 128 12 between between ADP issue-26 128 13 the the DET issue-26 128 14 ministry ministry PROPN issue-26 128 15 of of ADP issue-26 128 16 finance finance PROPN issue-26 128 17 and and CCONJ issue-26 128 18 the the DET issue-26 128 19 national national PROPN issue-26 128 20 bank bank PROPN issue-26 128 21 . . PUNCT issue-26 129 1 finances finance NOUN issue-26 129 2 of of ADP issue-26 129 3 ukraine ukraine NOUN issue-26 129 4 , , PUNCT issue-26 129 5 2 2 NUM issue-26 129 6 , , PUNCT issue-26 129 7 10 10 NUM issue-26 129 8 - - SYM issue-26 129 9 15 15 NUM issue-26 129 10 . . PUNCT issue-26 130 1 sachs sachs PROPN issue-26 130 2 , , PUNCT issue-26 130 3 j. j. PROPN issue-26 130 4 , , PUNCT issue-26 130 5 pivovarsky pivovarsky ADJ issue-26 130 6 , , PUNCT issue-26 130 7 a. a. NOUN issue-26 130 8 ( ( PUNCT issue-26 130 9 1996 1996 NUM issue-26 130 10 ) ) PUNCT issue-26 130 11 . . PUNCT issue-26 131 1 economics economic NOUN issue-26 131 2 of of ADP issue-26 131 3 transition transition NOUN issue-26 131 4 . . PUNCT issue-26 132 1 lessons lesson NOUN issue-26 132 2 for for ADP issue-26 132 3 ukraine ukraine NOUN issue-26 132 4 . . PUNCT issue-26 133 1 osnovy osnovy ADV issue-26 133 2 . . PUNCT issue-26 134 1 the the DET issue-26 134 2 national national PROPN issue-26 134 3 bank bank PROPN issue-26 134 4 of of ADP issue-26 134 5 ukraine ukraine PROPN issue-26 134 6 ( ( PUNCT issue-26 134 7 2015 2015 NUM issue-26 134 8 ) ) PUNCT issue-26 134 9 . . PUNCT issue-26 135 1 report report NOUN issue-26 135 2 of of ADP issue-26 135 3 the the DET issue-26 135 4 national national PROPN issue-26 135 5 bank bank PROPN issue-26 135 6 of of ADP issue-26 135 7 ukraine ukraine PROPN issue-26 135 8 . . PUNCT issue-26 136 1 retrieved retrieve VERB issue-26 136 2 july july PROPN issue-26 136 3 , , PUNCT issue-26 136 4 2015 2015 NUM issue-26 136 5 from from ADP issue-26 136 6 http:// http:// PROPN issue-26 136 7 www.bank.gov.ua/files/stat.pdf www.bank.gov.ua/files/stat.pdf PROPN issue-26 136 8 piotrowska piotrowska PROPN issue-26 136 9 , , PUNCT issue-26 136 10 m. m. NOUN issue-26 136 11 ( ( PUNCT issue-26 136 12 1998 1998 NUM issue-26 136 13 ) ) PUNCT issue-26 136 14 . . PUNCT issue-26 137 1 the the DET issue-26 137 2 role role NOUN issue-26 137 3 of of ADP issue-26 137 4 polish polish ADJ issue-26 137 5 banks bank NOUN issue-26 137 6 in in ADP issue-26 137 7 monetary monetary ADJ issue-26 137 8 policy policy NOUN issue-26 137 9 . . PUNCT issue-26 138 1 global global ADJ issue-26 138 2 trends trend NOUN issue-26 138 3 and and CCONJ issue-26 138 4 changes change NOUN issue-26 138 5 in in ADP issue-26 138 6 east east ADJ issue-26 138 7 european european PROPN issue-26 138 8 banking banking PROPN issue-26 138 9 . . PUNCT issue-26 139 1 krakow krakow PROPN issue-26 139 2 . . PUNCT issue-26 140 1 роман роман PROPN issue-26 140 2 рудык рудык ADJ issue-26 140 3 особенности особенности PROPN issue-26 140 4 влияния влияния NOUN issue-26 140 5 макроэкономических макроэкономических X issue-26 140 6 мер мер PROPN issue-26 140 7 трансформации трансформации PRON issue-26 140 8 на на PROPN issue-26 140 9 долговую долговую ADJ issue-26 140 10 политику политику PROPN issue-26 140 11 государства государства PROPN issue-26 140 12 аннотация аннотация NOUN issue-26 140 13 . . PUNCT issue-26 141 1 целью целью PROPN issue-26 141 2 работы работы PROPN issue-26 141 3 является является PROPN issue-26 141 4 исследование исследование PROPN issue-26 141 5 взаимосвязи взаимосвязи NOUN issue-26 141 6 между между PRON issue-26 141 7 заемной заемной PROPN issue-26 141 8 политикой политикой VERB issue-26 141 9 и и PROPN issue-26 141 10 вектором вектором VERB issue-26 141 11 макроэкономических макроэкономических ADJ issue-26 141 12 мер мер ADJ issue-26 141 13 , , PUNCT issue-26 141 14 которая которая ADJ issue-26 141 15 нашла нашла NOUN issue-26 141 16 свое свое VERB issue-26 141 17 отражение отражение PROPN issue-26 141 18 в в PROPN issue-26 141 19 трансформации трансформации VERB issue-26 141 20 структуры структуры ADJ issue-26 141 21 покрытия покрытия NOUN issue-26 141 22 бюджетbaltic бюджетbaltic ADJ issue-26 141 23 journal journal NOUN issue-26 141 24 of of ADP issue-26 141 25 economic economic ADJ issue-26 141 26 studies study NOUN issue-26 141 27 153 153 NUM issue-26 141 28 vol vol NOUN issue-26 141 29 . . PROPN issue-26 141 30 1 1 NUM issue-26 141 31 , , PUNCT issue-26 141 32 2015 2015 NUM issue-26 141 33 ного ного NOUN issue-26 141 34 дефицита дефицита PROPN issue-26 141 35 . . PUNCT issue-26 142 1 также также PROPN issue-26 142 2 , , PUNCT issue-26 142 3 в в PROPN issue-26 142 4 статье статье PROPN issue-26 142 5 определены определены PROPN issue-26 142 6 и и PROPN issue-26 142 7 охарактеризованы охарактеризованы PROPN issue-26 142 8 три три PROPN issue-26 142 9 основные основные PROPN issue-26 142 10 фазы фазы PROPN issue-26 142 11 долговой долговой NOUN issue-26 142 12 политики политики PROPN issue-26 142 13 государства государства NOUN issue-26 142 14 : : PUNCT issue-26 142 15 достабилизационную достабилизационную PROPN issue-26 142 16 , , PUNCT issue-26 142 17 стабилизационную стабилизационную PROPN issue-26 142 18 и и PROPN issue-26 142 19 постстабилизационную постстабилизационную PROPN issue-26 142 20 . . PUNCT issue-26 143 1 проведенный проведенный NOUN issue-26 143 2 анализ анализ PROPN issue-26 143 3 основных основных PROPN issue-26 143 4 аспектов аспектов NOUN issue-26 143 5 взаимосвязи взаимосвязи NOUN issue-26 143 6 долговой долговой NOUN issue-26 143 7 политики политики NOUN issue-26 143 8 с с PROPN issue-26 143 9 монетарной монетарной PROPN issue-26 143 10 . . PUNCT issue-26 144 1 методология методология NOUN issue-26 144 2 . . PUNCT issue-26 145 1 исследование исследование PROPN issue-26 145 2 основано основано PROPN issue-26 145 3 на на PROPN issue-26 145 4 трудах трудах NOUN issue-26 145 5 отечественных отечественных VERB issue-26 145 6 и и PROPN issue-26 145 7 зарубежных зарубежных PROPN issue-26 145 8 ученых ученых PROPN issue-26 145 9 , , PUNCT issue-26 145 10 занимающихся занимающихся NOUN issue-26 145 11 исследованием исследованием PROPN issue-26 145 12 данной данной PROPN issue-26 145 13 проблематики проблематики NOUN issue-26 145 14 . . PUNCT issue-26 146 1 теоретические теоретические PROPN issue-26 146 2 концепции концепции VERB issue-26 146 3 подкрепляются подкрепляются ADJ issue-26 146 4 статистическим статистическим PROPN issue-26 146 5 данным данным X issue-26 146 6 основных основных PROPN issue-26 146 7 макроэкономических макроэкономических X issue-26 146 8 показателей показателей NOUN issue-26 146 9 экономики экономики NOUN issue-26 146 10 украины украины NOUN issue-26 146 11 . . PUNCT issue-26 147 1 результаты результаты PROPN issue-26 147 2 исследования исследования NOUN issue-26 147 3 показали показали ADV issue-26 147 4 , , PUNCT issue-26 147 5 что что NOUN issue-26 147 6 взаимосвязь взаимосвязь NOUN issue-26 147 7 между между ADJ issue-26 147 8 долговой долговой NOUN issue-26 147 9 политикой политикой NOUN issue-26 147 10 и и PROPN issue-26 147 11 мерами мерами VERB issue-26 147 12 по по ADP issue-26 147 13 макрорегулированию макрорегулированию ADV issue-26 147 14 на на PROPN issue-26 147 15 протяжении протяжении PROPN issue-26 147 16 трансформации трансформации PROPN issue-26 147 17 имеет имеет NOUN issue-26 147 18 устойчивый устойчивый PROPN issue-26 147 19 и и PROPN issue-26 147 20 постоянный постоянный NOUN issue-26 147 21 характер характер NOUN issue-26 147 22 , , PUNCT issue-26 147 23 а а PROPN issue-26 147 24 использование использование NOUN issue-26 147 25 тех тех PRON issue-26 147 26 или или VERB issue-26 147 27 иных иных PROPN issue-26 147 28 инструментов инструментов PROPN issue-26 147 29 управления управления PROPN issue-26 147 30 государственным государственным PROPN issue-26 147 31 долгом долгом PROPN issue-26 147 32 с с PROPN issue-26 147 33 одной одной PROPN issue-26 147 34 стороны стороны PROPN issue-26 147 35 возможно возможно PROPN issue-26 147 36 исключительно исключительно PROPN issue-26 147 37 при при VERB issue-26 147 38 определенном определенном PROPN issue-26 147 39 направлении направлении NOUN issue-26 147 40 макрополитики макрополитики NOUN issue-26 147 41 , , PUNCT issue-26 147 42 с с PROPN issue-26 147 43 другой другой PROPN issue-26 147 44     SPACE issue-26 147 45 – – PUNCT issue-26 147 46 они они NOUN issue-26 147 47 являются являются ADJ issue-26 147 48 элементами элементами PROPN issue-26 147 49 в в PROPN issue-26 147 50 системе системе VERB issue-26 147 51 мероприятий мероприятий NOUN issue-26 147 52 по по PROPN issue-26 147 53 ее ее INTJ issue-26 147 54 реализации реализации ADJ issue-26 147 55 . . PUNCT issue-26 148 1 в в PROPN issue-26 148 2 достабилизационной достабилизационной VERB issue-26 148 3 фазе фазе INTJ issue-26 148 4 трансформации трансформации VERB issue-26 148 5 долговая долговая ADJ issue-26 148 6 политика политика PROPN issue-26 148 7 синтезирует синтезирует PROPN issue-26 148 8 в в PROPN issue-26 148 9 себе себе PROPN issue-26 148 10 экспансивные экспансивные PROPN issue-26 148 11 решения решения ADJ issue-26 148 12 денежной денежной PROPN issue-26 148 13 и и PROPN issue-26 148 14 фискальной фискальной PROPN issue-26 149 1 власти власти PROPN issue-26 149 2 , , PUNCT issue-26 149 3 а а PROPN issue-26 149 4 непосредственная непосредственная PROPN issue-26 149 5 связь связь PROPN issue-26 149 6 между между PROPN issue-26 149 7 ними ними PROPN issue-26 149 8 опосредует опосредует PROPN issue-26 149 9 расширение расширение PROPN issue-26 149 10 спроса спроса PROPN issue-26 149 11 в в PROPN issue-26 149 12 государственном государственном PROPN issue-26 149 13 секторе секторе PROPN issue-26 149 14 и и PROPN issue-26 149 15 сохранения сохранения ADJ issue-26 149 16 мягких мягких NOUN issue-26 149 17 бюджетных бюджетных NOUN issue-26 149 18 ограничений ограничений PROPN issue-26 149 19 для для PROPN issue-26 149 20 микроединиц микроединиц PROPN issue-26 149 21 ; ; PUNCT issue-26 149 22 в в PROPN issue-26 149 23 стабилизационной стабилизационной VERB issue-26 149 24 фазе фазе ADP issue-26 149 25 взаимосвязь взаимосвязь PROPN issue-26 149 26 между между PROPN issue-26 150 1 фискальной фискальной PROPN issue-26 150 2 и и PROPN issue-26 150 3 монетарной монетарной PROPN issue-26 150 4 и и PROPN issue-26 150 5 долговой долговой NOUN issue-26 150 6 политикой политикой NOUN issue-26 150 7 приобретает приобретает NOUN issue-26 150 8 все все NOUN issue-26 150 9 более более NOUN issue-26 150 10 непрямой непрямой PROPN issue-26 150 11 характера характера PROPN issue-26 150 12 , , PUNCT issue-26 150 13 однако однако ADJ issue-26 150 14 является является PROPN issue-26 150 15 непосредственным непосредственным PROPN issue-26 150 16 в в PROPN issue-26 150 17 той той PROPN issue-26 150 18 части части PROPN issue-26 150 19 целей целей PROPN issue-26 150 20 заимствований заимствований PROPN issue-26 150 21 , , PUNCT issue-26 150 22 которые которые PROPN issue-26 150 23 подчинены подчинены NOUN issue-26 150 24 созданию созданию AUX issue-26 150 25 макростабилизационного макростабилизационного NOUN issue-26 150 26 механизма механизма NOUN issue-26 150 27 трансформации трансформации VERB issue-26 150 28 ; ; PUNCT issue-26 150 29 в в PROPN issue-26 150 30 постстабилизационном постстабилизационном PROPN issue-26 150 31 периоде периоде PROPN issue-26 150 32 роль роль NOUN issue-26 150 33 косвенного косвенного NOUN issue-26 150 34 взаимосвязи взаимосвязи NOUN issue-26 150 35 долговых долговых PROPN issue-26 150 36 мероприятий мероприятий PROPN issue-26 150 37 с с PROPN issue-26 150 38 фискальными фискальными VERB issue-26 150 39 и и PROPN issue-26 150 40 монетарными монетарными PROPN issue-26 150 41 решениями решениями PROPN issue-26 150 42 усиливается усиливается PROPN issue-26 150 43 , , PUNCT issue-26 150 44 однако однако ADJ issue-26 150 45 отсутствие отсутствие PROPN issue-26 150 46 глубокой глубокой NOUN issue-26 150 47 микрореструктуризации микрореструктуризации NUM issue-26 150 48 и и PROPN issue-26 150 49 глубоких глубоких PROPN issue-26 150 50 системно системно PROPN issue-26 150 51 структурных структурных PROPN issue-26 150 52 реформ реформ PROPN issue-26 150 53 обусловливают обусловливают NOUN issue-26 150 54 ухудшение ухудшение PROPN issue-26 150 55 макроэкономического макроэкономического PROPN issue-26 150 56 состояния состояния ADV issue-26 150 57 системы системы PROPN issue-26 150 58 , , PUNCT issue-26 150 59 из из PROPN issue-26 150 60 - - PUNCT issue-26 150 61 за за NOUN issue-26 150 62 чего чего NOUN issue-26 150 63 вектор вектор PROPN issue-26 150 64 государственных государственных PROPN issue-26 150 65 заимствований заимствований PROPN issue-26 150 66 снова снова PROPN issue-26 150 67 тяготеет тяготеет NOUN issue-26 150 68 к к ADP issue-26 150 69 сфере сфере ADJ issue-26 150 70 формирования формирования ADJ issue-26 150 71 механизма механизма NOUN issue-26 150 72 стабилизации стабилизации VERB issue-26 150 73 . . PUNCT issue-26 151 1 в в PROPN issue-26 151 2 постстабилизационный постстабилизационный PROPN issue-26 151 3 период период PROPN issue-26 151 4 особенно особенно PROPN issue-26 151 5 остро остро NOUN issue-26 151 6 проявляются проявляются VERB issue-26 151 7 противоречия противоречия NOUN issue-26 151 8 : : PUNCT issue-26 151 9 во во NUM issue-26 151 10 - - PUNCT issue-26 151 11 первых первых NOUN issue-26 151 12 , , PUNCT issue-26 151 13 между между PROPN issue-26 151 14 экспансивной экспансивной PROPN issue-26 151 15 фискальной фискальной PROPN issue-26 151 16 и и PROPN issue-26 151 17 относительно относительно PROPN issue-26 151 18 сдержанной сдержанной ADJ issue-26 151 19 монетарной монетарной PROPN issue-26 151 20 политикой политикой NOUN issue-26 151 21 , , PUNCT issue-26 151 22 из из PROPN issue-26 151 23 - - PUNCT issue-26 151 24 за за NOUN issue-26 151 25 чего чего NOUN issue-26 151 26 поддержания поддержания NOUN issue-26 151 27 валютного валютного NOUN issue-26 151 28 курса курса VERB issue-26 151 29 и и PROPN issue-26 151 30 инфляции инфляции VERB issue-26 151 31 на на PROPN issue-26 151 32 равновесном равновесном PROPN issue-26 151 33 уровне уровне NOUN issue-26 151 34 имеет имеет NOUN issue-26 151 35 место место NOUN issue-26 151 36 при при NOUN issue-26 151 37 более более NOUN issue-26 151 38 высоких высоких PROPN issue-26 151 39 процентных процентных PROPN issue-26 151 40 ставках ставках PROPN issue-26 151 41 ; ; PUNCT issue-26 151 42 во во NUM issue-26 151 43 - - PUNCT issue-26 151 44 вторых вторых NOUN issue-26 151 45 , , PUNCT issue-26 151 46 усиливаются усиливаются ADJ issue-26 151 47 противоречия противоречия NOUN issue-26 151 48 внутри внутри PROPN issue-26 151 49 системы системы PROPN issue-26 151 50 фискальной фискальной PROPN issue-26 151 51 политики политики PROPN issue-26 151 52 ( ( PUNCT issue-26 151 53 ограничительная ограничительная NOUN issue-26 151 54 налоговая налоговая PROPN issue-26 151 55 политика политика VERB issue-26 151 56 и и PROPN issue-26 151 57 стимулирующее стимулирующее PROPN issue-26 151 58 расходная расходная NOUN issue-26 151 59 ) ) PUNCT issue-26 152 1 и и PROPN issue-26 152 2 монетарной монетарной NOUN issue-26 152 3 ( ( PUNCT issue-26 152 4 при при PROPN issue-26 152 5 интенсивных интенсивных NOUN issue-26 152 6 внутренних внутренних NOUN issue-26 152 7 заимствований заимствований PROPN issue-26 152 8 и и PROPN issue-26 152 9 ограниченного ограниченного X issue-26 152 10 доступа доступа PROPN issue-26 152 11 к к ADP issue-26 152 12 внешним внешним NOUN issue-26 152 13 рынкам рынкам PROPN issue-26 152 14 попытки попытки ADJ issue-26 152 15 поддерживать поддерживать PROPN issue-26 152 16 на на PROPN issue-26 152 17 целевом целевом PROPN issue-26 152 18 уровне уровне NOUN issue-26 152 19 денежную денежную PROPN issue-26 152 20 массу массу VERB issue-26 152 21 и и NOUN issue-26 152 22 валютный валютный NOUN issue-26 152 23 курс курс NOUN issue-26 152 24 оказывается оказывается NOUN issue-26 152 25 невозможным невозможным VERB issue-26 152 26 и и PROPN issue-26 152 27 приводит приводит ADV issue-26 152 28 к к ADP issue-26 152 29 усилению усилению PROPN issue-26 152 30 рестрикции рестрикции PROPN issue-26 152 31 кредита кредита NOUN issue-26 152 32 ) ) PUNCT issue-26 152 33 . . PUNCT issue-26 153 1 одним одним PROPN issue-26 153 2 из из PROPN issue-26 153 3 последствий последствий PROPN issue-26 153 4 такой такой PROPN issue-26 153 5 ситуации ситуации VERB issue-26 153 6 является является ADJ issue-26 153 7 формирование формирование PROPN issue-26 153 8 потребительски потребительски PROPN issue-26 153 9 - - PUNCT issue-26 153 10 ориентированных ориентированных VERB issue-26 153 11 воспроизводственных воспроизводственных PROPN issue-26 153 12 пропорций пропорций PROPN issue-26 153 13 ввп ввп PROPN issue-26 153 14 . . PUNCT