id	sid	tid	token	lemma	pos
cjfa-33342	1	1	date	date	NOUN
cjfa-33342	1	2	of	of	ADP
cjfa-33342	1	3	submission	submission	NOUN
cjfa-33342	1	4	:	:	PUNCT
cjfa-33342	1	5	september	september	PROPN
cjfa-33342	1	6	11	11	NUM
cjfa-33342	1	7	,	,	PUNCT
cjfa-33342	1	8	2020	2020	NUM
cjfa-33342	1	9	;	;	PUNCT
cjfa-33342	1	10	date	date	NOUN
cjfa-33342	1	11	of	of	ADP
cjfa-33342	1	12	acceptance	acceptance	NOUN
cjfa-33342	1	13	:	:	PUNCT
cjfa-33342	1	14	october	october	PROPN
cjfa-33342	1	15	4	4	NUM
cjfa-33342	1	16	,	,	PUNCT
cjfa-33342	1	17	2020	2020	NUM
cjfa-33342	1	18	.	.	PUNCT
cjfa-33342	2	1	*	*	PUNCT
cjfa-33342	2	2	contact	contact	NOUN
cjfa-33342	2	3	information	information	NOUN
cjfa-33342	2	4	:	:	PUNCT
cjfa-33342	2	5	hanspatrickbidias@gmail.com	hanspatrickbidias@gmail.com	PROPN
cjfa-33342	2	6	,	,	PUNCT
cjfa-33342	2	7	department	department	NOUN
cjfa-33342	2	8	of	of	ADP
cjfa-33342	2	9	accounting	accounting	NOUN
cjfa-33342	2	10	and	and	CCONJ
cjfa-33342	2	11	finance	finance	NOUN
cjfa-33342	2	12	,	,	PUNCT
cjfa-33342	2	13	faculty	faculty	NOUN
cjfa-33342	2	14	of	of	ADP
cjfa-33342	2	15	economics	economic	NOUN
cjfa-33342	2	16	and	and	CCONJ
cjfa-33342	2	17	management	management	NOUN
cjfa-33342	2	18	sciences	science	NOUN
cjfa-33342	2	19	,	,	PUNCT
cjfa-33342	2	20	university	university	NOUN
cjfa-33342	2	21	of	of	ADP
cjfa-33342	2	22	dschang	dschang	PROPN
cjfa-33342	2	23	,	,	PUNCT
cjfa-33342	2	24	ouest	ouest	PROPN
cjfa-33342	2	25	region	region	PROPN
cjfa-33342	2	26	,	,	PUNCT
cjfa-33342	2	27	cameroon	cameroon	PROPN
cjfa-33342	2	28	,	,	PUNCT
cjfa-33342	2	29	phone:+237679261349	phone:+237679261349	NOUN
cjfa-33342	2	30	;	;	PUNCT
cjfa-33342	2	31	orcid	orcid	PROPN
cjfa-33342	3	1	i	i	NOUN
cjfa-33342	3	2	d	d	NOUN
cjfa-33342	3	3	:	:	PUNCT
cjfa-33342	4	1	https://orcid.org/00000002-4655-5787	https://orcid.org/00000002-4655-5787	ADJ
cjfa-33342	4	2	.	.	PUNCT
cjfa-33342	5	1	*	*	PUNCT
cjfa-33342	5	2	*	*	PUNCT
cjfa-33342	5	3	contact	contact	NOUN
cjfa-33342	5	4	information	information	NOUN
cjfa-33342	5	5	:	:	PUNCT
cjfa-33342	6	1	gaeltonmo@gmail.com	gaeltonmo@gmail.com	PROPN
cjfa-33342	6	2	,	,	PUNCT
cjfa-33342	6	3	department	department	NOUN
cjfa-33342	6	4	of	of	ADP
cjfa-33342	6	5	accounting	accounting	NOUN
cjfa-33342	6	6	and	and	CCONJ
cjfa-33342	6	7	finance	finance	NOUN
cjfa-33342	6	8	,	,	PUNCT
cjfa-33342	6	9	faculty	faculty	NOUN
cjfa-33342	6	10	of	of	ADP
cjfa-33342	6	11	economics	economic	NOUN
cjfa-33342	6	12	and	and	CCONJ
cjfa-33342	6	13	management	management	NOUN
cjfa-33342	6	14	sciences	science	NOUN
cjfa-33342	6	15	,	,	PUNCT
cjfa-33342	6	16	university	university	NOUN
cjfa-33342	6	17	of	of	ADP
cjfa-33342	6	18	dschang	dschang	PROPN
cjfa-33342	6	19	,	,	PUNCT
cjfa-33342	6	20	ouest	ouest	PROPN
cjfa-33342	6	21	region	region	PROPN
cjfa-33342	6	22	,	,	PUNCT
cjfa-33342	6	23	cameroon	cameroon	PROPN
cjfa-33342	6	24	,	,	PUNCT
cjfa-33342	6	25	phone:+237696881738	phone:+237696881738	NOUN
cjfa-33342	6	26	;	;	PUNCT
cjfa-33342	6	27	orcid	orcid	PROPN
cjfa-33342	6	28	i	i	NOUN
cjfa-33342	6	29	d	d	NOUN
cjfa-33342	6	30	:	:	PUNCT
cjfa-33342	6	31	https://orcid.org/0000-00022818-5575	https://orcid.org/0000-00022818-5575	VERB
cjfa-33342	6	32	.	.	PUNCT
cjfa-33342	7	1	copernican	copernican	PROPN
cjfa-33342	7	2	journal	journal	PROPN
cjfa-33342	7	3	of	of	ADP
cjfa-33342	7	4	finance	finance	PROPN
cjfa-33342	7	5	&	&	CCONJ
cjfa-33342	7	6	accounting	accounting	PROPN
cjfa-33342	7	7	e	e	PROPN
cjfa-33342	7	8	-	-	PROPN
cjfa-33342	7	9	issn	issn	PROPN
cjfa-33342	7	10	2300	2300	NUM
cjfa-33342	7	11	-	-	SYM
cjfa-33342	7	12	3065	3065	NUM
cjfa-33342	7	13	p	p	PROPN
cjfa-33342	7	14	-	-	PUNCT
cjfa-33342	7	15	issn	issn	PROPN
cjfa-33342	7	16	2300	2300	NUM
cjfa-33342	7	17	-	-	SYM
cjfa-33342	7	18	12402020	12402020	NUM
cjfa-33342	7	19	,	,	PUNCT
cjfa-33342	7	20	volume	volume	NOUN
cjfa-33342	7	21	9	9	NUM
cjfa-33342	7	22	,	,	PUNCT
cjfa-33342	7	23	issue	issue	VERB
cjfa-33342	7	24	3	3	NUM
cjfa-33342	7	25	bidias	bidias	ADJ
cjfa-33342	7	26	-	-	PUNCT
cjfa-33342	7	27	menik	menik	NOUN
cjfa-33342	7	28	,	,	PUNCT
cjfa-33342	7	29	h.p	h.p	PROPN
cjfa-33342	7	30	.	.	PROPN
cjfa-33342	7	31	,	,	PUNCT
cjfa-33342	7	32	&	&	CCONJ
cjfa-33342	7	33	tonmo	tonmo	PROPN
cjfa-33342	7	34	,	,	PUNCT
cjfa-33342	7	35	s.g	s.g	PROPN
cjfa-33342	7	36	.	.	PROPN
cjfa-33342	7	37	(	(	PUNCT
cjfa-33342	7	38	2020	2020	NUM
cjfa-33342	7	39	)	)	PUNCT
cjfa-33342	7	40	.	.	PUNCT
cjfa-33342	8	1	interest	interest	NOUN
cjfa-33342	8	2	rate	rate	NOUN
cjfa-33342	8	3	predictability	predictability	NOUN
cjfa-33342	8	4	in	in	ADP
cjfa-33342	8	5	some	some	DET
cjfa-33342	8	6	selected	select	VERB
cjfa-33342	8	7	african	african	ADJ
cjfa-33342	8	8	countries	country	NOUN
cjfa-33342	8	9	.	.	PUNCT
cjfa-33342	9	1	copernican	copernican	PROPN
cjfa-33342	9	2	journal	journal	PROPN
cjfa-33342	9	3	of	of	ADP
cjfa-33342	9	4	finance	finance	PROPN
cjfa-33342	9	5	&	&	CCONJ
cjfa-33342	9	6	accounting	accounting	PROPN
cjfa-33342	9	7	,	,	PUNCT
cjfa-33342	9	8	9(3	9(3	NUM
cjfa-33342	9	9	)	)	PUNCT
cjfa-33342	9	10	,	,	PUNCT
cjfa-33342	9	11	45–60	45–60	NOUN
cjfa-33342	9	12	.	.	PUNCT
cjfa-33342	10	1	http://dx.doi.org/10.12775/	http://dx.doi.org/10.12775/	PROPN
cjfa-33342	10	2	cjfa.2020.011	cjfa.2020.011	PROPN
cjfa-33342	10	3	hans	hans	PROPN
cjfa-33342	10	4	patrick	patrick	PROPN
cjfa-33342	10	5	bidias	bidias	PROPN
cjfa-33342	10	6	-	-	PUNCT
cjfa-33342	10	7	menik	menik	PROPN
cjfa-33342	10	8	*	*	PROPN
cjfa-33342	10	9	university	university	PROPN
cjfa-33342	10	10	of	of	ADP
cjfa-33342	10	11	dschang	dschang	PROPN
cjfa-33342	10	12	-	-	PUNCT
cjfa-33342	10	13	cameroon	cameroon	PROPN
cjfa-33342	10	14	simplice	simplice	PROPN
cjfa-33342	10	15	gaël	gaël	PROPN
cjfa-33342	10	16	tonmo	tonmo	PROPN
cjfa-33342	10	17	*	*	PROPN
cjfa-33342	10	18	*	*	PROPN
cjfa-33342	10	19	university	university	PROPN
cjfa-33342	10	20	of	of	ADP
cjfa-33342	10	21	dschang	dschang	PROPN
cjfa-33342	10	22	-	-	PUNCT
cjfa-33342	10	23	cameroon	cameroon	PROPN
cjfa-33342	10	24	interest	interest	NOUN
cjfa-33342	10	25	rate	rate	NOUN
cjfa-33342	10	26	predictability	predictability	NOUN
cjfa-33342	10	27	in	in	ADP
cjfa-33342	10	28	some	some	DET
cjfa-33342	10	29	selected	select	VERB
cjfa-33342	10	30	african	african	ADJ
cjfa-33342	10	31	countries	country	NOUN
cjfa-33342	10	32	keywords	keyword	NOUN
cjfa-33342	10	33	:	:	PUNCT
cjfa-33342	10	34	interest	interest	NOUN
cjfa-33342	10	35	rates	rate	NOUN
cjfa-33342	10	36	predictability	predictability	NOUN
cjfa-33342	10	37	,	,	PUNCT
cjfa-33342	10	38	expectation	expectation	NOUN
cjfa-33342	10	39	hypothesis	hypothesis	NOUN
cjfa-33342	10	40	,	,	PUNCT
cjfa-33342	10	41	term	term	NOUN
cjfa-33342	10	42	structure	structure	NOUN
cjfa-33342	10	43	of	of	ADP
cjfa-33342	10	44	interest	interest	NOUN
cjfa-33342	10	45	rates	rate	NOUN
cjfa-33342	10	46	,	,	PUNCT
cjfa-33342	10	47	african	african	ADJ
cjfa-33342	10	48	markets	market	NOUN
cjfa-33342	10	49	.	.	PUNCT
cjfa-33342	11	1	j	j	PROPN
cjfa-33342	11	2	e	e	NOUN
cjfa-33342	11	3	l	l	PROPN
cjfa-33342	11	4	classification	classification	NOUN
cjfa-33342	11	5	:	:	PUNCT
cjfa-33342	11	6	e43	e43	NOUN
cjfa-33342	11	7	,	,	PUNCT
cjfa-33342	11	8	g17	g17	NOUN
cjfa-33342	11	9	.	.	PUNCT
cjfa-33342	12	1	abstract	abstract	ADJ
cjfa-33342	12	2	:	:	PUNCT
cjfa-33342	12	3	this	this	DET
cjfa-33342	12	4	study	study	NOUN
cjfa-33342	12	5	tries	try	VERB
cjfa-33342	12	6	to	to	PART
cjfa-33342	12	7	verify	verify	VERB
cjfa-33342	12	8	the	the	DET
cjfa-33342	12	9	predictive	predictive	ADJ
cjfa-33342	12	10	power	power	NOUN
cjfa-33342	12	11	of	of	ADP
cjfa-33342	12	12	the	the	DET
cjfa-33342	12	13	implicit	implicit	ADJ
cjfa-33342	12	14	forward	forward	ADJ
cjfa-33342	12	15	rate	rate	NOUN
cjfa-33342	12	16	of	of	ADP
cjfa-33342	12	17	the	the	DET
cjfa-33342	12	18	term	term	NOUN
cjfa-33342	12	19	structure	structure	NOUN
cjfa-33342	12	20	of	of	ADP
cjfa-33342	12	21	interest	interest	NOUN
cjfa-33342	12	22	rates	rate	NOUN
cjfa-33342	12	23	in	in	ADP
cjfa-33342	12	24	africa	africa	PROPN
cjfa-33342	12	25	.	.	PUNCT
cjfa-33342	13	1	we	we	PRON
cjfa-33342	13	2	used	use	VERB
cjfa-33342	13	3	data	datum	NOUN
cjfa-33342	13	4	from	from	ADP
cjfa-33342	13	5	egypt	egypt	PROPN
cjfa-33342	13	6	,	,	PUNCT
cjfa-33342	13	7	ghana	ghana	PROPN
cjfa-33342	13	8	,	,	PUNCT
cjfa-33342	13	9	kenya	kenya	PROPN
cjfa-33342	13	10	,	,	PUNCT
cjfa-33342	13	11	nigeria	nigeria	PROPN
cjfa-33342	13	12	and	and	CCONJ
cjfa-33342	13	13	the	the	DET
cjfa-33342	13	14	republic	republic	NOUN
cjfa-33342	13	15	of	of	ADP
cjfa-33342	13	16	south	south	PROPN
cjfa-33342	13	17	africa	africa	PROPN
cjfa-33342	13	18	.	.	PUNCT
cjfa-33342	14	1	a	a	DET
cjfa-33342	14	2	modified	modify	VERB
cjfa-33342	14	3	version	version	NOUN
cjfa-33342	14	4	of	of	ADP
cjfa-33342	14	5	the	the	DET
cjfa-33342	14	6	yield	yield	NOUN
cjfa-33342	14	7	term	term	NOUN
cjfa-33342	14	8	premium	premium	NOUN
cjfa-33342	14	9	and	and	CCONJ
cjfa-33342	14	10	the	the	DET
cjfa-33342	14	11	forward	forward	ADJ
cjfa-33342	14	12	term	term	NOUN
cjfa-33342	14	13	premium	premium	NOUN
cjfa-33342	14	14	models	model	NOUN
cjfa-33342	14	15	of	of	ADP
cjfa-33342	14	16	shiller	shiller	PROPN
cjfa-33342	14	17	and	and	CCONJ
cjfa-33342	14	18	mcculloch	mcculloch	PROPN
cjfa-33342	14	19	(	(	PUNCT
cjfa-33342	14	20	1990	1990	NUM
cjfa-33342	14	21	)	)	PUNCT
cjfa-33342	14	22	were	be	AUX
cjfa-33342	14	23	used	use	VERB
cjfa-33342	14	24	to	to	PART
cjfa-33342	14	25	test	test	VERB
cjfa-33342	14	26	the	the	DET
cjfa-33342	14	27	predictive	predictive	ADJ
cjfa-33342	14	28	power	power	NOUN
cjfa-33342	14	29	of	of	ADP
cjfa-33342	14	30	the	the	DET
cjfa-33342	14	31	implicit	implicit	ADJ
cjfa-33342	14	32	forward	forward	ADJ
cjfa-33342	14	33	rate	rate	NOUN
cjfa-33342	14	34	,	,	PUNCT
cjfa-33342	14	35	rather	rather	ADV
cjfa-33342	14	36	than	than	ADP
cjfa-33342	14	37	the	the	DET
cjfa-33342	14	38	rational	rational	ADJ
cjfa-33342	14	39	expectations	expectation	NOUN
cjfa-33342	14	40	hypothesis	hypothesis	NOUN
cjfa-33342	14	41	.	.	PUNCT
cjfa-33342	15	1	we	we	PRON
cjfa-33342	15	2	both	both	PRON
cjfa-33342	15	3	used	use	VERB
cjfa-33342	15	4	fmols	fmol	NOUN
cjfa-33342	15	5	and	and	CCONJ
cjfa-33342	15	6	dols	dol	NOUN
cjfa-33342	15	7	estimators	estimator	NOUN
cjfa-33342	15	8	,	,	PUNCT
cjfa-33342	15	9	since	since	SCONJ
cjfa-33342	15	10	they	they	PRON
cjfa-33342	15	11	are	be	AUX
cjfa-33342	15	12	more	more	ADV
cjfa-33342	15	13	consistent	consistent	ADJ
cjfa-33342	15	14	than	than	ADP
cjfa-33342	15	15	ols	ol	NOUN
cjfa-33342	15	16	with	with	ADP
cjfa-33342	15	17	non	non	ADJ
cjfa-33342	15	18	-	-	ADJ
cjfa-33342	15	19	stationary	stationary	ADJ
cjfa-33342	15	20	series	series	NOUN
cjfa-33342	15	21	.	.	PUNCT
cjfa-33342	16	1	the	the	DET
cjfa-33342	16	2	overall	overall	ADJ
cjfa-33342	16	3	results	result	NOUN
cjfa-33342	16	4	show	show	VERB
cjfa-33342	16	5	that	that	SCONJ
cjfa-33342	16	6	the	the	DET
cjfa-33342	16	7	implicit	implicit	ADJ
cjfa-33342	16	8	hans	hans	PROPN
cjfa-33342	16	9	patrick	patrick	PROPN
cjfa-33342	16	10	bidias	bidias	PROPN
cjfa-33342	16	11	-	-	PUNCT
cjfa-33342	16	12	menik	menik	NOUN
cjfa-33342	16	13	,	,	PUNCT
cjfa-33342	16	14	simplice	simplice	NOUN
cjfa-33342	16	15	gaël	gaël	PROPN
cjfa-33342	16	16	tonmo46	tonmo46	PROPN
cjfa-33342	16	17	forward	forward	ADJ
cjfa-33342	16	18	rate	rate	NOUN
cjfa-33342	16	19	does	do	AUX
cjfa-33342	16	20	not	not	PART
cjfa-33342	16	21	have	have	VERB
cjfa-33342	16	22	a	a	DET
cjfa-33342	16	23	significant	significant	ADJ
cjfa-33342	16	24	predictive	predictive	ADJ
cjfa-33342	16	25	power	power	NOUN
cjfa-33342	16	26	in	in	ADP
cjfa-33342	16	27	africa	africa	PROPN
cjfa-33342	16	28	.	.	PUNCT
cjfa-33342	17	1	it	it	PRON
cjfa-33342	17	2	therefore	therefore	ADV
cjfa-33342	17	3	appears	appear	VERB
cjfa-33342	17	4	that	that	SCONJ
cjfa-33342	17	5	operators	operator	NOUN
cjfa-33342	17	6	on	on	ADP
cjfa-33342	17	7	african	african	ADJ
cjfa-33342	17	8	markets	market	NOUN
cjfa-33342	17	9	should	should	AUX
cjfa-33342	17	10	not	not	PART
cjfa-33342	17	11	rely	rely	VERB
cjfa-33342	17	12	on	on	ADP
cjfa-33342	17	13	those	those	DET
cjfa-33342	17	14	predictions	prediction	NOUN
cjfa-33342	17	15	.	.	PUNCT
cjfa-33342	17	16	 	 	SPACE
cjfa-33342	18	1	introduction	introduction	NOUN
cjfa-33342	18	2	the	the	DET
cjfa-33342	18	3	predictability	predictability	NOUN
cjfa-33342	18	4	of	of	ADP
cjfa-33342	18	5	interest	interest	NOUN
cjfa-33342	18	6	rates	rate	NOUN
cjfa-33342	18	7	is	be	AUX
cjfa-33342	18	8	a	a	DET
cjfa-33342	18	9	financial	financial	ADJ
cjfa-33342	18	10	problem	problem	NOUN
cjfa-33342	18	11	that	that	PRON
cjfa-33342	18	12	preoccupies	preoccupy	VERB
cjfa-33342	18	13	several	several	ADJ
cjfa-33342	18	14	categories	category	NOUN
cjfa-33342	18	15	of	of	ADP
cjfa-33342	18	16	economic	economic	ADJ
cjfa-33342	18	17	agents	agent	NOUN
cjfa-33342	18	18	.	.	PUNCT
cjfa-33342	19	1	indeed	indeed	ADV
cjfa-33342	19	2	,	,	PUNCT
cjfa-33342	19	3	in	in	ADP
cjfa-33342	19	4	order	order	NOUN
cjfa-33342	19	5	to	to	PART
cjfa-33342	19	6	avoid	avoid	VERB
cjfa-33342	19	7	capital	capital	NOUN
cjfa-33342	19	8	losses	loss	NOUN
cjfa-33342	19	9	or	or	CCONJ
cjfa-33342	19	10	to	to	PART
cjfa-33342	19	11	expect	expect	VERB
cjfa-33342	19	12	huge	huge	ADJ
cjfa-33342	19	13	gains	gain	NOUN
cjfa-33342	19	14	,	,	PUNCT
cjfa-33342	19	15	a	a	DET
cjfa-33342	19	16	lender	lender	NOUN
cjfa-33342	19	17	on	on	ADP
cjfa-33342	19	18	capital	capital	NOUN
cjfa-33342	19	19	market	market	NOUN
cjfa-33342	19	20	has	have	VERB
cjfa-33342	19	21	to	to	PART
cjfa-33342	19	22	get	get	VERB
cjfa-33342	19	23	an	an	DET
cjfa-33342	19	24	idea	idea	NOUN
cjfa-33342	19	25	of	of	ADP
cjfa-33342	19	26	what	what	PRON
cjfa-33342	19	27	will	will	AUX
cjfa-33342	19	28	be	be	AUX
cjfa-33342	19	29	the	the	DET
cjfa-33342	19	30	future	future	ADJ
cjfa-33342	19	31	level	level	NOUN
cjfa-33342	19	32	of	of	ADP
cjfa-33342	19	33	interest	interest	NOUN
cjfa-33342	19	34	rates	rate	NOUN
cjfa-33342	19	35	.	.	PUNCT
cjfa-33342	20	1	similarly	similarly	ADV
cjfa-33342	20	2	,	,	PUNCT
cjfa-33342	20	3	in	in	ADP
cjfa-33342	20	4	order	order	NOUN
cjfa-33342	20	5	to	to	PART
cjfa-33342	20	6	minimise	minimise	VERB
cjfa-33342	20	7	the	the	DET
cjfa-33342	20	8	capital	capital	NOUN
cjfa-33342	20	9	cost	cost	NOUN
cjfa-33342	20	10	,	,	PUNCT
cjfa-33342	20	11	a	a	DET
cjfa-33342	20	12	borrower	borrower	NOUN
cjfa-33342	20	13	needs	need	VERB
cjfa-33342	20	14	to	to	PART
cjfa-33342	20	15	know	know	VERB
cjfa-33342	20	16	what	what	PRON
cjfa-33342	20	17	will	will	AUX
cjfa-33342	20	18	be	be	AUX
cjfa-33342	20	19	the	the	DET
cjfa-33342	20	20	future	future	ADJ
cjfa-33342	20	21	level	level	NOUN
cjfa-33342	20	22	of	of	ADP
cjfa-33342	20	23	interest	interest	NOUN
cjfa-33342	20	24	rates	rate	NOUN
cjfa-33342	20	25	.	.	PUNCT
cjfa-33342	21	1	some	some	DET
cjfa-33342	21	2	old	old	ADJ
cjfa-33342	21	3	neoclassical	neoclassical	ADJ
cjfa-33342	21	4	school	school	NOUN
cjfa-33342	21	5	authors	author	NOUN
cjfa-33342	21	6	including	include	VERB
cjfa-33342	21	7	fisher	fisher	PROPN
cjfa-33342	21	8	(	(	PUNCT
cjfa-33342	21	9	1896	1896	NUM
cjfa-33342	21	10	)	)	PUNCT
cjfa-33342	21	11	,	,	PUNCT
cjfa-33342	21	12	lutz	lutz	NOUN
cjfa-33342	21	13	(	(	PUNCT
cjfa-33342	21	14	1940	1940	NUM
cjfa-33342	21	15	)	)	PUNCT
cjfa-33342	21	16	and	and	CCONJ
cjfa-33342	21	17	meiselman	meiselman	NOUN
cjfa-33342	21	18	(	(	PUNCT
cjfa-33342	21	19	1962	1962	NUM
cjfa-33342	21	20	)	)	PUNCT
cjfa-33342	21	21	,	,	PUNCT
cjfa-33342	21	22	thought	think	VERB
cjfa-33342	21	23	that	that	SCONJ
cjfa-33342	21	24	the	the	DET
cjfa-33342	21	25	future	future	ADJ
cjfa-33342	21	26	level	level	NOUN
cjfa-33342	21	27	of	of	ADP
cjfa-33342	21	28	interest	interest	NOUN
cjfa-33342	21	29	rates	rate	NOUN
cjfa-33342	21	30	can	can	AUX
cjfa-33342	21	31	be	be	AUX
cjfa-33342	21	32	predicted	predict	VERB
cjfa-33342	21	33	through	through	ADP
cjfa-33342	21	34	the	the	DET
cjfa-33342	21	35	term	term	NOUN
cjfa-33342	21	36	structure	structure	NOUN
cjfa-33342	21	37	of	of	ADP
cjfa-33342	21	38	interest	interest	NOUN
cjfa-33342	21	39	rates	rate	NOUN
cjfa-33342	21	40	(	(	PUNCT
cjfa-33342	21	41	or	or	CCONJ
cjfa-33342	21	42	yield	yield	NOUN
cjfa-33342	21	43	curve	curve	NOUN
cjfa-33342	21	44	)	)	PUNCT
cjfa-33342	21	45	.	.	PUNCT
cjfa-33342	22	1	it	it	PRON
cjfa-33342	22	2	represents	represent	VERB
cjfa-33342	22	3	the	the	DET
cjfa-33342	22	4	relationship	relationship	NOUN
cjfa-33342	22	5	between	between	ADP
cjfa-33342	22	6	bond	bond	NOUN
cjfa-33342	22	7	yields	yield	NOUN
cjfa-33342	22	8	that	that	PRON
cjfa-33342	22	9	are	be	AUX
cjfa-33342	22	10	theoretically	theoretically	ADV
cjfa-33342	22	11	considered	consider	VERB
cjfa-33342	22	12	to	to	PART
cjfa-33342	22	13	be	be	AUX
cjfa-33342	22	14	risk	risk	NOUN
cjfa-33342	22	15	-	-	PUNCT
cjfa-33342	22	16	free	free	ADJ
cjfa-33342	22	17	,	,	PUNCT
cjfa-33342	22	18	and	and	CCONJ
cjfa-33342	22	19	their	their	PRON
cjfa-33342	22	20	maturities	maturity	NOUN
cjfa-33342	22	21	at	at	ADP
cjfa-33342	22	22	a	a	DET
cjfa-33342	22	23	given	give	VERB
cjfa-33342	22	24	date	date	NOUN
cjfa-33342	22	25	(	(	PUNCT
cjfa-33342	22	26	mishkin	mishkin	NOUN
cjfa-33342	22	27	,	,	PUNCT
cjfa-33342	22	28	2010	2010	NUM
cjfa-33342	22	29	)	)	PUNCT
cjfa-33342	22	30	.	.	PUNCT
cjfa-33342	23	1	the	the	DET
cjfa-33342	23	2	future	future	ADJ
cjfa-33342	23	3	level	level	NOUN
cjfa-33342	23	4	of	of	ADP
cjfa-33342	23	5	interest	interest	NOUN
cjfa-33342	23	6	rate	rate	NOUN
cjfa-33342	23	7	is	be	AUX
cjfa-33342	23	8	then	then	ADV
cjfa-33342	23	9	known	know	VERB
cjfa-33342	23	10	,	,	PUNCT
cjfa-33342	23	11	given	give	VERB
cjfa-33342	23	12	the	the	DET
cjfa-33342	23	13	implicit	implicit	ADJ
cjfa-33342	23	14	forward	forward	ADJ
cjfa-33342	23	15	rate	rate	NOUN
cjfa-33342	23	16	in	in	ADP
cjfa-33342	23	17	the	the	DET
cjfa-33342	23	18	term	term	NOUN
cjfa-33342	23	19	structure	structure	NOUN
cjfa-33342	23	20	of	of	ADP
cjfa-33342	23	21	interest	interest	NOUN
cjfa-33342	23	22	rates	rate	NOUN
cjfa-33342	23	23	.	.	PUNCT
cjfa-33342	24	1	these	these	DET
cjfa-33342	24	2	authors	author	NOUN
cjfa-33342	24	3	were	be	AUX
cjfa-33342	24	4	criticised	criticise	VERB
cjfa-33342	24	5	by	by	ADP
cjfa-33342	24	6	others	other	NOUN
cjfa-33342	24	7	from	from	ADP
cjfa-33342	24	8	the	the	DET
cjfa-33342	24	9	monetarist	monetarist	ADJ
cjfa-33342	24	10	school	school	NOUN
cjfa-33342	24	11	including	include	VERB
cjfa-33342	24	12	hicks	hicks	PROPN
cjfa-33342	24	13	(	(	PUNCT
cjfa-33342	24	14	1939	1939	NUM
cjfa-33342	24	15	)	)	PUNCT
cjfa-33342	24	16	and	and	CCONJ
cjfa-33342	24	17	modigliani	modigliani	NOUN
cjfa-33342	24	18	and	and	CCONJ
cjfa-33342	24	19	sutch	sutch	ADJ
cjfa-33342	24	20	(	(	PUNCT
cjfa-33342	24	21	1966	1966	NUM
cjfa-33342	24	22	)	)	PUNCT
cjfa-33342	24	23	on	on	ADP
cjfa-33342	24	24	the	the	DET
cjfa-33342	24	25	fact	fact	NOUN
cjfa-33342	24	26	that	that	SCONJ
cjfa-33342	24	27	operators	operator	NOUN
cjfa-33342	24	28	on	on	ADP
cjfa-33342	24	29	the	the	DET
cjfa-33342	24	30	market	market	NOUN
cjfa-33342	24	31	are	be	AUX
cjfa-33342	24	32	not	not	PART
cjfa-33342	24	33	gods	god	NOUN
cjfa-33342	24	34	alike	alike	ADV
cjfa-33342	24	35	to	to	PART
cjfa-33342	24	36	know	know	VERB
cjfa-33342	24	37	with	with	ADP
cjfa-33342	24	38	certainty	certainty	NOUN
cjfa-33342	24	39	what	what	PRON
cjfa-33342	24	40	will	will	AUX
cjfa-33342	24	41	be	be	AUX
cjfa-33342	24	42	in	in	ADP
cjfa-33342	24	43	the	the	DET
cjfa-33342	24	44	future	future	NOUN
cjfa-33342	24	45	.	.	PUNCT
cjfa-33342	25	1	taking	take	VERB
cjfa-33342	25	2	into	into	ADP
cjfa-33342	25	3	consideration	consideration	NOUN
cjfa-33342	25	4	the	the	DET
cjfa-33342	25	5	risk	risk	NOUN
cjfa-33342	25	6	,	,	PUNCT
cjfa-33342	25	7	they	they	PRON
cjfa-33342	25	8	proposed	propose	VERB
cjfa-33342	25	9	to	to	PART
cjfa-33342	25	10	add	add	VERB
cjfa-33342	25	11	a	a	DET
cjfa-33342	25	12	premium	premium	NOUN
cjfa-33342	25	13	(	(	PUNCT
cjfa-33342	25	14	liquidity	liquidity	NOUN
cjfa-33342	25	15	premium	premium	NOUN
cjfa-33342	25	16	or	or	CCONJ
cjfa-33342	25	17	risk	risk	NOUN
cjfa-33342	25	18	premium	premium	NOUN
cjfa-33342	25	19	)	)	PUNCT
cjfa-33342	25	20	to	to	ADP
cjfa-33342	25	21	the	the	DET
cjfa-33342	25	22	term	term	NOUN
cjfa-33342	25	23	structure	structure	NOUN
cjfa-33342	25	24	of	of	ADP
cjfa-33342	25	25	interest	interest	NOUN
cjfa-33342	25	26	rates	rate	NOUN
cjfa-33342	25	27	.	.	PUNCT
cjfa-33342	26	1	in	in	ADP
cjfa-33342	26	2	those	those	DET
cjfa-33342	26	3	conditions	condition	NOUN
cjfa-33342	26	4	,	,	PUNCT
cjfa-33342	26	5	the	the	DET
cjfa-33342	26	6	future	future	ADJ
cjfa-33342	26	7	level	level	NOUN
cjfa-33342	26	8	of	of	ADP
cjfa-33342	26	9	interest	interest	NOUN
cjfa-33342	26	10	rate	rate	NOUN
cjfa-33342	26	11	would	would	AUX
cjfa-33342	26	12	be	be	AUX
cjfa-33342	26	13	the	the	DET
cjfa-33342	26	14	implicit	implicit	ADJ
cjfa-33342	26	15	forward	forward	ADJ
cjfa-33342	26	16	rate	rate	NOUN
cjfa-33342	26	17	plus	plus	CCONJ
cjfa-33342	26	18	the	the	DET
cjfa-33342	26	19	liquidity	liquidity	NOUN
cjfa-33342	26	20	or	or	CCONJ
cjfa-33342	26	21	risk	risk	NOUN
cjfa-33342	26	22	premium	premium	NOUN
cjfa-33342	26	23	.	.	PUNCT
cjfa-33342	27	1	considering	consider	VERB
cjfa-33342	27	2	the	the	DET
cjfa-33342	27	3	fact	fact	NOUN
cjfa-33342	27	4	that	that	SCONJ
cjfa-33342	27	5	operators	operator	NOUN
cjfa-33342	27	6	should	should	AUX
cjfa-33342	27	7	have	have	AUX
cjfa-33342	27	8	rational	rational	ADJ
cjfa-33342	27	9	expectation	expectation	NOUN
cjfa-33342	27	10	on	on	ADP
cjfa-33342	27	11	the	the	DET
cjfa-33342	27	12	market	market	NOUN
cjfa-33342	27	13	,	,	PUNCT
cjfa-33342	27	14	roll	roll	NOUN
cjfa-33342	27	15	(	(	PUNCT
cjfa-33342	27	16	1968	1968	NUM
cjfa-33342	27	17	)	)	PUNCT
cjfa-33342	27	18	and	and	CCONJ
cjfa-33342	27	19	sargent	sargent	PROPN
cjfa-33342	27	20	(	(	PUNCT
cjfa-33342	27	21	1972	1972	NUM
cjfa-33342	27	22	)	)	PUNCT
cjfa-33342	27	23	proposed	propose	VERB
cjfa-33342	27	24	a	a	DET
cjfa-33342	27	25	model	model	NOUN
cjfa-33342	27	26	where	where	SCONJ
cjfa-33342	27	27	the	the	DET
cjfa-33342	27	28	forward	forward	ADJ
cjfa-33342	27	29	rate	rate	NOUN
cjfa-33342	27	30	is	be	AUX
cjfa-33342	27	31	the	the	DET
cjfa-33342	27	32	expected	expect	VERB
cjfa-33342	27	33	rational	rational	ADJ
cjfa-33342	27	34	interest	interest	NOUN
cjfa-33342	27	35	rate	rate	NOUN
cjfa-33342	27	36	,	,	PUNCT
cjfa-33342	27	37	which	which	PRON
cjfa-33342	27	38	gave	give	VERB
cjfa-33342	27	39	what	what	PRON
cjfa-33342	27	40	is	be	AUX
cjfa-33342	27	41	called	call	VERB
cjfa-33342	27	42	in	in	ADP
cjfa-33342	27	43	the	the	DET
cjfa-33342	27	44	financial	financial	ADJ
cjfa-33342	27	45	literature	literature	NOUN
cjfa-33342	27	46	the	the	DET
cjfa-33342	27	47	expectation	expectation	NOUN
cjfa-33342	27	48	hypothesis	hypothesis	NOUN
cjfa-33342	27	49	.	.	PUNCT
cjfa-33342	28	1	but	but	CCONJ
cjfa-33342	28	2	what	what	DET
cjfa-33342	28	3	credit	credit	NOUN
cjfa-33342	28	4	should	should	AUX
cjfa-33342	28	5	be	be	AUX
cjfa-33342	28	6	given	give	VERB
cjfa-33342	28	7	to	to	ADP
cjfa-33342	28	8	the	the	DET
cjfa-33342	28	9	predictions	prediction	NOUN
cjfa-33342	28	10	of	of	ADP
cjfa-33342	28	11	the	the	DET
cjfa-33342	28	12	implicit	implicit	ADJ
cjfa-33342	28	13	forward	forward	ADJ
cjfa-33342	28	14	rate	rate	NOUN
cjfa-33342	28	15	of	of	ADP
cjfa-33342	28	16	the	the	DET
cjfa-33342	28	17	term	term	NOUN
cjfa-33342	28	18	structure	structure	NOUN
cjfa-33342	28	19	of	of	ADP
cjfa-33342	28	20	interest	interest	NOUN
cjfa-33342	28	21	rates	rate	NOUN
cjfa-33342	28	22	in	in	ADP
cjfa-33342	28	23	africa	africa	PROPN
cjfa-33342	28	24	?	?	PUNCT
cjfa-33342	29	1	this	this	DET
cjfa-33342	29	2	study	study	NOUN
cjfa-33342	29	3	tries	try	VERB
cjfa-33342	29	4	to	to	PART
cjfa-33342	29	5	verify	verify	VERB
cjfa-33342	29	6	the	the	DET
cjfa-33342	29	7	predictive	predictive	ADJ
cjfa-33342	29	8	power	power	NOUN
cjfa-33342	29	9	of	of	ADP
cjfa-33342	29	10	the	the	DET
cjfa-33342	29	11	implicit	implicit	ADJ
cjfa-33342	29	12	forward	forward	ADJ
cjfa-33342	29	13	rate	rate	NOUN
cjfa-33342	29	14	of	of	ADP
cjfa-33342	29	15	the	the	DET
cjfa-33342	29	16	term	term	NOUN
cjfa-33342	29	17	structure	structure	NOUN
cjfa-33342	29	18	of	of	ADP
cjfa-33342	29	19	interest	interest	NOUN
cjfa-33342	29	20	rates	rate	NOUN
cjfa-33342	29	21	in	in	ADP
cjfa-33342	29	22	africa	africa	PROPN
cjfa-33342	29	23	.	.	PUNCT
cjfa-33342	30	1	that	that	PRON
cjfa-33342	30	2	is	be	AUX
cjfa-33342	30	3	to	to	PART
cjfa-33342	30	4	test	test	VERB
cjfa-33342	30	5	the	the	DET
cjfa-33342	30	6	empirical	empirical	ADJ
cjfa-33342	30	7	validity	validity	NOUN
cjfa-33342	30	8	of	of	ADP
cjfa-33342	30	9	the	the	DET
cjfa-33342	30	10	expectations	expectation	NOUN
cjfa-33342	30	11	hypothesis	hypothesis	NOUN
cjfa-33342	30	12	in	in	ADP
cjfa-33342	30	13	africa	africa	PROPN
cjfa-33342	30	14	.	.	PUNCT
cjfa-33342	31	1	the	the	DET
cjfa-33342	31	2	model	model	NOUN
cjfa-33342	31	3	of	of	ADP
cjfa-33342	31	4	shiller	shiller	PROPN
cjfa-33342	31	5	and	and	CCONJ
cjfa-33342	31	6	mcculloch	mcculloch	PROPN
cjfa-33342	31	7	(	(	PUNCT
cjfa-33342	31	8	1990	1990	NUM
cjfa-33342	31	9	)	)	PUNCT
cjfa-33342	31	10	was	be	AUX
cjfa-33342	31	11	used	use	VERB
cjfa-33342	31	12	to	to	ADP
cjfa-33342	31	13	this	this	DET
cjfa-33342	31	14	end	end	NOUN
cjfa-33342	31	15	.	.	PUNCT
cjfa-33342	32	1	but	but	CCONJ
cjfa-33342	32	2	,	,	PUNCT
cjfa-33342	32	3	rather	rather	ADV
cjfa-33342	32	4	to	to	PART
cjfa-33342	32	5	use	use	VERB
cjfa-33342	32	6	a	a	DET
cjfa-33342	32	7	rational	rational	ADJ
cjfa-33342	32	8	expected	expect	VERB
cjfa-33342	32	9	short	short	ADJ
cjfa-33342	32	10	rate	rate	NOUN
cjfa-33342	32	11	as	as	SCONJ
cjfa-33342	32	12	it	it	PRON
cjfa-33342	32	13	is	be	AUX
cjfa-33342	32	14	common	common	ADJ
cjfa-33342	32	15	in	in	ADP
cjfa-33342	32	16	the	the	DET
cjfa-33342	32	17	literature	literature	NOUN
cjfa-33342	32	18	,	,	PUNCT
cjfa-33342	32	19	following	follow	VERB
cjfa-33342	32	20	guidolin	guidolin	NOUN
cjfa-33342	32	21	and	and	CCONJ
cjfa-33342	32	22	thornton	thornton	PROPN
cjfa-33342	32	23	(	(	PUNCT
cjfa-33342	32	24	2008	2008	NUM
cjfa-33342	32	25	)	)	PUNCT
cjfa-33342	32	26	and	and	CCONJ
cjfa-33342	32	27	bulkley	bulkley	NOUN
cjfa-33342	32	28	,	,	PUNCT
cjfa-33342	32	29	harris	harris	PROPN
cjfa-33342	32	30	and	and	CCONJ
cjfa-33342	32	31	nawosah	nawosah	PROPN
cjfa-33342	32	32	(	(	PUNCT
cjfa-33342	32	33	2013	2013	NUM
cjfa-33342	32	34	)	)	PUNCT
cjfa-33342	32	35	,	,	PUNCT
cjfa-33342	32	36	we	we	PRON
cjfa-33342	32	37	used	use	VERB
cjfa-33342	32	38	the	the	DET
cjfa-33342	32	39	implicit	implicit	ADJ
cjfa-33342	32	40	forward	forward	ADJ
cjfa-33342	32	41	rate	rate	NOUN
cjfa-33342	32	42	as	as	SCONJ
cjfa-33342	32	43	the	the	DET
cjfa-33342	32	44	short	short	ADJ
cjfa-33342	32	45	rate	rate	NOUN
cjfa-33342	32	46	predicted	predict	VERB
cjfa-33342	32	47	.	.	PUNCT
cjfa-33342	33	1	we	we	PRON
cjfa-33342	33	2	used	use	VERB
cjfa-33342	33	3	data	datum	NOUN
cjfa-33342	33	4	from	from	ADP
cjfa-33342	33	5	egypt	egypt	PROPN
cjfa-33342	33	6	,	,	PUNCT
cjfa-33342	33	7	ghana	ghana	PROPN
cjfa-33342	33	8	,	,	PUNCT
cjfa-33342	33	9	kenya	kenya	PROPN
cjfa-33342	33	10	,	,	PUNCT
cjfa-33342	33	11	nigeria	nigeria	PROPN
cjfa-33342	33	12	and	and	CCONJ
cjfa-33342	33	13	the	the	DET
cjfa-33342	33	14	republic	republic	NOUN
cjfa-33342	33	15	of	of	ADP
cjfa-33342	33	16	south	south	PROPN
cjfa-33342	33	17	africa	africa	PROPN
cjfa-33342	33	18	.	.	PUNCT
cjfa-33342	34	1	interest	interest	NOUN
cjfa-33342	34	2	rate	rate	NOUN
cjfa-33342	34	3	predictability	predictability	NOUN
cjfa-33342	34	4	in	in	ADP
cjfa-33342	34	5	some	some	DET
cjfa-33342	34	6	selected	select	VERB
cjfa-33342	34	7	african	african	ADJ
cjfa-33342	34	8	countries	country	NOUN
cjfa-33342	34	9	47	47	NUM
cjfa-33342	34	10	the	the	DET
cjfa-33342	34	11	rest	rest	NOUN
cjfa-33342	34	12	of	of	ADP
cjfa-33342	34	13	the	the	DET
cjfa-33342	34	14	paper	paper	NOUN
cjfa-33342	34	15	is	be	AUX
cjfa-33342	34	16	organized	organize	VERB
cjfa-33342	34	17	as	as	SCONJ
cjfa-33342	34	18	follows	follow	VERB
cjfa-33342	34	19	:	:	PUNCT
cjfa-33342	34	20	after	after	ADP
cjfa-33342	34	21	this	this	DET
cjfa-33342	34	22	introductive	introductive	ADJ
cjfa-33342	34	23	section	section	NOUN
cjfa-33342	34	24	,	,	PUNCT
cjfa-33342	34	25	the	the	DET
cjfa-33342	34	26	next	next	ADJ
cjfa-33342	34	27	section	section	NOUN
cjfa-33342	34	28	presents	present	VERB
cjfa-33342	34	29	a	a	DET
cjfa-33342	34	30	literature	literature	NOUN
cjfa-33342	34	31	review	review	NOUN
cjfa-33342	34	32	on	on	ADP
cjfa-33342	34	33	interest	interest	NOUN
cjfa-33342	34	34	rate	rate	NOUN
cjfa-33342	34	35	predictability	predictability	NOUN
cjfa-33342	34	36	through	through	ADP
cjfa-33342	34	37	the	the	DET
cjfa-33342	34	38	term	term	NOUN
cjfa-33342	34	39	structure	structure	NOUN
cjfa-33342	34	40	of	of	ADP
cjfa-33342	34	41	interest	interest	NOUN
cjfa-33342	34	42	rates	rate	NOUN
cjfa-33342	34	43	.	.	PUNCT
cjfa-33342	35	1	the	the	DET
cjfa-33342	35	2	third	third	ADJ
cjfa-33342	35	3	section	section	NOUN
cjfa-33342	35	4	presents	present	VERB
cjfa-33342	35	5	the	the	DET
cjfa-33342	35	6	research	research	NOUN
cjfa-33342	35	7	methodology	methodology	NOUN
cjfa-33342	35	8	and	and	CCONJ
cjfa-33342	35	9	the	the	DET
cjfa-33342	35	10	course	course	NOUN
cjfa-33342	35	11	of	of	ADP
cjfa-33342	35	12	the	the	DET
cjfa-33342	35	13	research	research	NOUN
cjfa-33342	35	14	process	process	NOUN
cjfa-33342	35	15	,	,	PUNCT
cjfa-33342	35	16	the	the	DET
cjfa-33342	35	17	fourth	fourth	ADJ
cjfa-33342	35	18	presents	present	VERB
cjfa-33342	35	19	the	the	DET
cjfa-33342	35	20	results	result	NOUN
cjfa-33342	35	21	and	and	CCONJ
cjfa-33342	35	22	discussions	discussion	NOUN
cjfa-33342	35	23	,	,	PUNCT
cjfa-33342	35	24	and	and	CCONJ
cjfa-33342	35	25	the	the	DET
cjfa-33342	35	26	sixth	sixth	ADJ
cjfa-33342	35	27	section	section	NOUN
cjfa-33342	35	28	presents	present	VERB
cjfa-33342	35	29	the	the	DET
cjfa-33342	35	30	conclusion	conclusion	NOUN
cjfa-33342	35	31	.	.	PUNCT
cjfa-33342	36	1	literature	literature	NOUN
cjfa-33342	36	2	review	review	VERB
cjfa-33342	36	3	theoretical	theoretical	ADJ
cjfa-33342	36	4	framework	framework	NOUN
cjfa-33342	36	5	of	of	ADP
cjfa-33342	36	6	interest	interest	NOUN
cjfa-33342	36	7	rate	rate	NOUN
cjfa-33342	36	8	predictability	predictability	NOUN
cjfa-33342	36	9	through	through	ADP
cjfa-33342	36	10	the	the	DET
cjfa-33342	36	11	term	term	NOUN
cjfa-33342	36	12	structure	structure	NOUN
cjfa-33342	36	13	of	of	ADP
cjfa-33342	36	14	interest	interest	NOUN
cjfa-33342	36	15	rates	rate	NOUN
cjfa-33342	36	16	the	the	DET
cjfa-33342	36	17	term	term	NOUN
cjfa-33342	36	18	structure	structure	NOUN
cjfa-33342	36	19	of	of	ADP
cjfa-33342	36	20	interest	interest	NOUN
cjfa-33342	36	21	rate	rate	NOUN
cjfa-33342	36	22	was	be	AUX
cjfa-33342	36	23	first	first	ADV
cjfa-33342	36	24	describes	describe	NOUN
cjfa-33342	36	25	by	by	ADP
cjfa-33342	36	26	fisher	fisher	PROPN
cjfa-33342	36	27	(	(	PUNCT
cjfa-33342	36	28	1896	1896	NUM
cjfa-33342	36	29	)	)	PUNCT
cjfa-33342	36	30	,	,	PUNCT
cjfa-33342	36	31	who	who	PRON
cjfa-33342	36	32	proposed	propose	VERB
cjfa-33342	36	33	a	a	DET
cjfa-33342	36	34	mathematical	mathematical	ADJ
cjfa-33342	36	35	equality	equality	NOUN
cjfa-33342	36	36	between	between	ADP
cjfa-33342	36	37	the	the	DET
cjfa-33342	36	38	yield	yield	NOUN
cjfa-33342	36	39	of	of	ADP
cjfa-33342	36	40	a	a	DET
cjfa-33342	36	41	long	long	ADJ
cjfa-33342	36	42	term	term	NOUN
cjfa-33342	36	43	security	security	NOUN
cjfa-33342	36	44	and	and	CCONJ
cjfa-33342	36	45	the	the	DET
cjfa-33342	36	46	total	total	ADJ
cjfa-33342	36	47	yield	yield	NOUN
cjfa-33342	36	48	of	of	ADP
cjfa-33342	36	49	short	short	ADJ
cjfa-33342	36	50	term	term	NOUN
cjfa-33342	36	51	securities	security	NOUN
cjfa-33342	36	52	,	,	PUNCT
cjfa-33342	36	53	along	along	ADP
cjfa-33342	36	54	the	the	DET
cjfa-33342	36	55	long	long	ADJ
cjfa-33342	36	56	term	term	NOUN
cjfa-33342	36	57	maturity	maturity	NOUN
cjfa-33342	36	58	.	.	PUNCT
cjfa-33342	37	1	but	but	CCONJ
cjfa-33342	37	2	his	his	PRON
cjfa-33342	37	3	theory	theory	NOUN
cjfa-33342	37	4	was	be	AUX
cjfa-33342	37	5	formalised	formalise	VERB
cjfa-33342	37	6	by	by	ADP
cjfa-33342	37	7	lutz	lutz	NOUN
cjfa-33342	37	8	(	(	PUNCT
cjfa-33342	37	9	1940	1940	NUM
cjfa-33342	37	10	)	)	PUNCT
cjfa-33342	37	11	in	in	ADP
cjfa-33342	37	12	his	his	PRON
cjfa-33342	37	13	expectations	expectation	NOUN
cjfa-33342	37	14	theory	theory	NOUN
cjfa-33342	37	15	.	.	PUNCT
cjfa-33342	38	1	lutz	lutz	PROPN
cjfa-33342	38	2	(	(	PUNCT
cjfa-33342	38	3	1940	1940	NUM
cjfa-33342	38	4	)	)	PUNCT
cjfa-33342	38	5	described	describe	VERB
cjfa-33342	38	6	operators	operator	NOUN
cjfa-33342	38	7	in	in	ADP
cjfa-33342	38	8	the	the	DET
cjfa-33342	38	9	capital	capital	NOUN
cjfa-33342	38	10	market	market	NOUN
cjfa-33342	38	11	as	as	ADP
cjfa-33342	38	12	insatiable	insatiable	ADJ
cjfa-33342	38	13	and	and	CCONJ
cjfa-33342	38	14	motivated	motivate	VERB
cjfa-33342	38	15	by	by	ADP
cjfa-33342	38	16	a	a	DET
cjfa-33342	38	17	single	single	ADJ
cjfa-33342	38	18	goal	goal	NOUN
cjfa-33342	38	19	:	:	PUNCT
cjfa-33342	38	20	profit	profit	NOUN
cjfa-33342	38	21	maximisation	maximisation	NOUN
cjfa-33342	38	22	.	.	PUNCT
cjfa-33342	39	1	in	in	ADP
cjfa-33342	39	2	this	this	DET
cjfa-33342	39	3	context	context	NOUN
cjfa-33342	39	4	,	,	PUNCT
cjfa-33342	39	5	they	they	PRON
cjfa-33342	39	6	would	would	AUX
cjfa-33342	39	7	try	try	VERB
cjfa-33342	39	8	to	to	PART
cjfa-33342	39	9	take	take	VERB
cjfa-33342	39	10	advantages	advantage	NOUN
cjfa-33342	39	11	of	of	ADP
cjfa-33342	39	12	any	any	DET
cjfa-33342	39	13	arbitrage	arbitrage	NOUN
cjfa-33342	39	14	opportunities	opportunity	NOUN
cjfa-33342	39	15	offered	offer	VERB
cjfa-33342	39	16	by	by	ADP
cjfa-33342	39	17	a	a	DET
cjfa-33342	39	18	market	market	NOUN
cjfa-33342	39	19	in	in	ADP
cjfa-33342	39	20	a	a	DET
cjfa-33342	39	21	situation	situation	NOUN
cjfa-33342	39	22	of	of	ADP
cjfa-33342	39	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	39	24	,	,	PUNCT
cjfa-33342	39	25	that	that	PRON
cjfa-33342	39	26	is	be	AUX
cjfa-33342	39	27	a	a	DET
cjfa-33342	39	28	market	market	NOUN
cjfa-33342	39	29	where	where	SCONJ
cjfa-33342	39	30	:	:	PUNCT
cjfa-33342	39	31	rates	rate	NOUN
cjfa-33342	39	32	.	.	PUNCT
cjfa-33342	40	1	the	the	DET
cjfa-33342	40	2	third	third	ADJ
cjfa-33342	40	3	section	section	NOUN
cjfa-33342	40	4	presents	present	VERB
cjfa-33342	40	5	the	the	DET
cjfa-33342	40	6	research	research	NOUN
cjfa-33342	40	7	methodology	methodology	NOUN
cjfa-33342	40	8	and	and	CCONJ
cjfa-33342	40	9	the	the	DET
cjfa-33342	40	10	course	course	NOUN
cjfa-33342	40	11	of	of	ADP
cjfa-33342	40	12	the	the	DET
cjfa-33342	40	13	research	research	NOUN
cjfa-33342	40	14	process	process	NOUN
cjfa-33342	40	15	,	,	PUNCT
cjfa-33342	40	16	the	the	DET
cjfa-33342	40	17	fourth	fourth	ADJ
cjfa-33342	40	18	presents	present	VERB
cjfa-33342	40	19	the	the	DET
cjfa-33342	40	20	results	result	NOUN
cjfa-33342	40	21	and	and	CCONJ
cjfa-33342	40	22	discussions	discussion	NOUN
cjfa-33342	40	23	,	,	PUNCT
cjfa-33342	40	24	and	and	CCONJ
cjfa-33342	40	25	the	the	DET
cjfa-33342	40	26	sixth	sixth	ADJ
cjfa-33342	40	27	section	section	NOUN
cjfa-33342	40	28	presents	present	VERB
cjfa-33342	40	29	the	the	DET
cjfa-33342	40	30	conclusion	conclusion	NOUN
cjfa-33342	40	31	.	.	PUNCT
cjfa-33342	41	1	literature	literature	NOUN
cjfa-33342	41	2	review	review	VERB
cjfa-33342	41	3	theoretical	theoretical	ADJ
cjfa-33342	41	4	framework	framework	NOUN
cjfa-33342	41	5	of	of	ADP
cjfa-33342	41	6	interest	interest	NOUN
cjfa-33342	41	7	rate	rate	NOUN
cjfa-33342	41	8	predictability	predictability	NOUN
cjfa-33342	41	9	through	through	ADP
cjfa-33342	41	10	the	the	DET
cjfa-33342	41	11	term	term	NOUN
cjfa-33342	41	12	structure	structure	NOUN
cjfa-33342	41	13	of	of	ADP
cjfa-33342	41	14	interest	interest	NOUN
cjfa-33342	41	15	rates	rate	NOUN
cjfa-33342	41	16	the	the	DET
cjfa-33342	41	17	term	term	NOUN
cjfa-33342	41	18	structure	structure	NOUN
cjfa-33342	41	19	of	of	ADP
cjfa-33342	41	20	interest	interest	NOUN
cjfa-33342	41	21	rate	rate	NOUN
cjfa-33342	41	22	was	be	AUX
cjfa-33342	41	23	first	first	ADV
cjfa-33342	41	24	describes	describe	NOUN
cjfa-33342	41	25	by	by	ADP
cjfa-33342	41	26	fisher	fisher	PROPN
cjfa-33342	41	27	(	(	PUNCT
cjfa-33342	41	28	1896	1896	NUM
cjfa-33342	41	29	)	)	PUNCT
cjfa-33342	41	30	,	,	PUNCT
cjfa-33342	41	31	who	who	PRON
cjfa-33342	41	32	proposed	propose	VERB
cjfa-33342	41	33	a	a	DET
cjfa-33342	41	34	mathematical	mathematical	ADJ
cjfa-33342	41	35	equality	equality	NOUN
cjfa-33342	41	36	between	between	ADP
cjfa-33342	41	37	the	the	DET
cjfa-33342	41	38	yield	yield	NOUN
cjfa-33342	41	39	of	of	ADP
cjfa-33342	41	40	a	a	DET
cjfa-33342	41	41	long	long	ADJ
cjfa-33342	41	42	term	term	NOUN
cjfa-33342	41	43	security	security	NOUN
cjfa-33342	41	44	and	and	CCONJ
cjfa-33342	41	45	the	the	DET
cjfa-33342	41	46	total	total	ADJ
cjfa-33342	41	47	yield	yield	NOUN
cjfa-33342	41	48	of	of	ADP
cjfa-33342	41	49	short	short	ADJ
cjfa-33342	41	50	term	term	NOUN
cjfa-33342	41	51	securities	security	NOUN
cjfa-33342	41	52	,	,	PUNCT
cjfa-33342	41	53	along	along	ADP
cjfa-33342	41	54	the	the	DET
cjfa-33342	41	55	long	long	ADJ
cjfa-33342	41	56	term	term	NOUN
cjfa-33342	41	57	maturity	maturity	NOUN
cjfa-33342	41	58	.	.	PUNCT
cjfa-33342	42	1	but	but	CCONJ
cjfa-33342	42	2	his	his	PRON
cjfa-33342	42	3	theory	theory	NOUN
cjfa-33342	42	4	was	be	AUX
cjfa-33342	42	5	formalised	formalise	VERB
cjfa-33342	42	6	by	by	ADP
cjfa-33342	42	7	lutz	lutz	NOUN
cjfa-33342	42	8	(	(	PUNCT
cjfa-33342	42	9	1940	1940	NUM
cjfa-33342	42	10	)	)	PUNCT
cjfa-33342	42	11	in	in	ADP
cjfa-33342	42	12	his	his	PRON
cjfa-33342	42	13	expectations	expectation	NOUN
cjfa-33342	42	14	theory	theory	NOUN
cjfa-33342	42	15	.	.	PUNCT
cjfa-33342	43	1	lutz	lutz	PROPN
cjfa-33342	43	2	(	(	PUNCT
cjfa-33342	43	3	1940	1940	NUM
cjfa-33342	43	4	)	)	PUNCT
cjfa-33342	43	5	described	describe	VERB
cjfa-33342	43	6	operators	operator	NOUN
cjfa-33342	43	7	in	in	ADP
cjfa-33342	43	8	the	the	DET
cjfa-33342	43	9	capital	capital	NOUN
cjfa-33342	43	10	market	market	NOUN
cjfa-33342	43	11	as	as	ADP
cjfa-33342	43	12	insatiable	insatiable	ADJ
cjfa-33342	43	13	and	and	CCONJ
cjfa-33342	43	14	motivated	motivate	VERB
cjfa-33342	43	15	by	by	ADP
cjfa-33342	43	16	a	a	DET
cjfa-33342	43	17	single	single	ADJ
cjfa-33342	43	18	goal	goal	NOUN
cjfa-33342	43	19	:	:	PUNCT
cjfa-33342	43	20	profit	profit	NOUN
cjfa-33342	43	21	maximisation	maximisation	NOUN
cjfa-33342	43	22	.	.	PUNCT
cjfa-33342	44	1	in	in	ADP
cjfa-33342	44	2	this	this	DET
cjfa-33342	44	3	context	context	NOUN
cjfa-33342	44	4	,	,	PUNCT
cjfa-33342	44	5	they	they	PRON
cjfa-33342	44	6	would	would	AUX
cjfa-33342	44	7	try	try	VERB
cjfa-33342	44	8	to	to	PART
cjfa-33342	44	9	take	take	VERB
cjfa-33342	44	10	advantages	advantage	NOUN
cjfa-33342	44	11	of	of	ADP
cjfa-33342	44	12	any	any	DET
cjfa-33342	44	13	arbitrage	arbitrage	NOUN
cjfa-33342	44	14	opportunities	opportunity	NOUN
cjfa-33342	44	15	offered	offer	VERB
cjfa-33342	44	16	by	by	ADP
cjfa-33342	44	17	a	a	DET
cjfa-33342	44	18	market	market	NOUN
cjfa-33342	44	19	in	in	ADP
cjfa-33342	44	20	a	a	DET
cjfa-33342	44	21	situation	situation	NOUN
cjfa-33342	44	22	of	of	ADP
cjfa-33342	44	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	44	24	,	,	PUNCT
cjfa-33342	44	25	that	that	PRON
cjfa-33342	44	26	is	be	AUX
cjfa-33342	44	27	a	a	DET
cjfa-33342	44	28	market	market	NOUN
cjfa-33342	44	29	where	where	SCONJ
cjfa-33342	44	30	:	:	PUNCT
cjfa-33342	44	31	(	(	PUNCT
cjfa-33342	44	32	1	1	NUM
cjfa-33342	44	33	+	+	CCONJ
cjfa-33342	44	34	r	r	NOUN
cjfa-33342	44	35	�	�	PROPN
cjfa-33342	44	36	(	(	PUNCT
cjfa-33342	44	37	�	�	PROPN
cjfa-33342	44	38	)	)	PUNCT
cjfa-33342	44	39	)	)	PUNCT
cjfa-33342	44	40	�	�	PROPN
cjfa-33342	44	41	≠	≠	PROPN
cjfa-33342	44	42	�	�	PROPN
cjfa-33342	44	43	1	1	NUM
cjfa-33342	44	44	+	+	CCONJ
cjfa-33342	44	45	r	r	PROPN
cjfa-33342	44	46	�	�	PROPN
cjfa-33342	44	47	(	(	PUNCT
cjfa-33342	44	48	�	�	NOUN
cjfa-33342	44	49	)	)	PUNCT
cjfa-33342	44	50	�	�	PROPN
cjfa-33342	44	51	�	�	PROPN
cjfa-33342	44	52	1	1	NUM
cjfa-33342	44	53	+	+	CCONJ
cjfa-33342	44	54	r	r	PROPN
cjfa-33342	44	55	�	�	PROPN
cjfa-33342	44	56	�	�	PROPN
cjfa-33342	44	57	�	�	PROPN
cjfa-33342	44	58	(	(	PUNCT
cjfa-33342	44	59	�	�	PROPN
cjfa-33342	44	60	)	)	PUNCT
cjfa-33342	44	61	�	�	PROPN
cjfa-33342	44	62	…	…	SYM
cjfa-33342	44	63	�	�	NOUN
cjfa-33342	44	64	1	1	NUM
cjfa-33342	44	65	+	+	CCONJ
cjfa-33342	44	66	r	r	PROPN
cjfa-33342	44	67	�	�	PROPN
cjfa-33342	44	68	�	�	PROPN
cjfa-33342	44	69	�	�	PROPN
cjfa-33342	44	70	(	(	PUNCT
cjfa-33342	44	71	�	�	PROPN
cjfa-33342	44	72	)	)	PUNCT
cjfa-33342	44	73	�	�	PROPN
cjfa-33342	44	74	(	(	PUNCT
cjfa-33342	44	75	1	1	NUM
cjfa-33342	44	76	)	)	PUNCT
cjfa-33342	44	77	where	where	SCONJ
cjfa-33342	44	78	r	r	NOUN
cjfa-33342	44	79	�	�	PROPN
cjfa-33342	44	80	(	(	PUNCT
cjfa-33342	44	81	�	�	PROPN
cjfa-33342	44	82	)	)	PUNCT
cjfa-33342	44	83	is	be	AUX
cjfa-33342	44	84	the	the	DET
cjfa-33342	44	85	long	long	ADJ
cjfa-33342	44	86	term	term	NOUN
cjfa-33342	44	87	rate	rate	NOUN
cjfa-33342	44	88	of	of	ADP
cjfa-33342	44	89	maturity	maturity	NOUN
cjfa-33342	44	90	n	n	CCONJ
cjfa-33342	44	91	,	,	PUNCT
cjfa-33342	44	92	and	and	CCONJ
cjfa-33342	44	93	r	r	X
cjfa-33342	44	94	�	�	PROPN
cjfa-33342	44	95	(	(	PUNCT
cjfa-33342	44	96	�	�	PROPN
cjfa-33342	44	97	)	)	PUNCT
cjfa-33342	44	98	is	be	AUX
cjfa-33342	44	99	the	the	DET
cjfa-33342	44	100	current	current	ADJ
cjfa-33342	44	101	short	short	ADJ
cjfa-33342	44	102	rate	rate	NOUN
cjfa-33342	44	103	,	,	PUNCT
cjfa-33342	44	104	and	and	CCONJ
cjfa-33342	44	105	r	r	NOUN
cjfa-33342	44	106	�	�	PROPN
cjfa-33342	44	107	�	�	PROPN
cjfa-33342	44	108	�	�	PROPN
cjfa-33342	44	109	(	(	PUNCT
cjfa-33342	44	110	�	�	PROPN
cjfa-33342	44	111	)	)	PUNCT
cjfa-33342	44	112	is	be	AUX
cjfa-33342	44	113	the	the	DET
cjfa-33342	44	114	future	future	ADJ
cjfa-33342	44	115	rate	rate	NOUN
cjfa-33342	44	116	at	at	ADP
cjfa-33342	44	117	time	time	NOUN
cjfa-33342	45	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	46	1	+	+	NUM
cjfa-33342	46	2	1𝑡	1𝑡	NOUN
cjfa-33342	46	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	46	4	+	+	CCONJ
cjfa-33342	46	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	46	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	46	7	+	+	CCONJ
cjfa-33342	46	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	46	9	…	…	PUNCT
cjfa-33342	46	10	𝑡	𝑡	X
cjfa-33342	46	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	46	12	+	+	CCONJ
cjfa-33342	46	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	46	14	lutz	lutz	NOUN
cjfa-33342	46	15	(	(	PUNCT
cjfa-33342	46	16	1940	1940	NUM
cjfa-33342	46	17	)	)	PUNCT
cjfa-33342	46	18	suggested	suggest	VERB
cjfa-33342	46	19	that	that	SCONJ
cjfa-33342	46	20	,	,	PUNCT
cjfa-33342	46	21	while	while	SCONJ
cjfa-33342	46	22	they	they	PRON
cjfa-33342	46	23	are	be	AUX
cjfa-33342	46	24	trying	try	VERB
cjfa-33342	46	25	to	to	PART
cjfa-33342	46	26	take	take	VERB
cjfa-33342	46	27	advantage	advantage	NOUN
cjfa-33342	46	28	of	of	ADP
cjfa-33342	46	29	this	this	DET
cjfa-33342	46	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	46	31	situation	situation	NOUN
cjfa-33342	46	32	,	,	PUNCT
cjfa-33342	46	33	operators	operator	NOUN
cjfa-33342	46	34	on	on	ADP
cjfa-33342	46	35	the	the	DET
cjfa-33342	46	36	capital	capital	NOUN
cjfa-33342	46	37	market	market	NOUN
cjfa-33342	46	38	will	will	AUX
cjfa-33342	46	39	contribute	contribute	VERB
cjfa-33342	46	40	to	to	PART
cjfa-33342	46	41	bring	bring	VERB
cjfa-33342	46	42	the	the	DET
cjfa-33342	46	43	market	market	NOUN
cjfa-33342	46	44	back	back	ADV
cjfa-33342	46	45	in	in	ADP
cjfa-33342	46	46	a	a	DET
cjfa-33342	46	47	situation	situation	NOUN
cjfa-33342	46	48	of	of	ADP
cjfa-33342	46	49	general	general	ADJ
cjfa-33342	46	50	equilibrium	equilibrium	NOUN
cjfa-33342	46	51	.	.	PUNCT
cjfa-33342	47	1	the	the	DET
cjfa-33342	47	2	general	general	ADJ
cjfa-33342	47	3	equilibrium	equilibrium	NOUN
cjfa-33342	47	4	equation	equation	NOUN
cjfa-33342	47	5	is	be	AUX
cjfa-33342	47	6	as	as	SCONJ
cjfa-33342	47	7	follows	follow	VERB
cjfa-33342	47	8	:	:	PUNCT
cjfa-33342	47	9	(	(	PUNCT
cjfa-33342	47	10	1	1	NUM
cjfa-33342	47	11	+	+	CCONJ
cjfa-33342	47	12	r	r	NOUN
cjfa-33342	47	13	�	�	PROPN
cjfa-33342	47	14	(	(	PUNCT
cjfa-33342	47	15	�	�	PROPN
cjfa-33342	47	16	)	)	PUNCT
cjfa-33342	47	17	)	)	PUNCT
cjfa-33342	47	18	�	�	PROPN
cjfa-33342	47	19	=	=	SYM
cjfa-33342	47	20	�	�	PROPN
cjfa-33342	47	21	1	1	NUM
cjfa-33342	47	22	+	+	CCONJ
cjfa-33342	47	23	r	r	PROPN
cjfa-33342	47	24	�	�	PROPN
cjfa-33342	47	25	(	(	PUNCT
cjfa-33342	47	26	�	�	NOUN
cjfa-33342	47	27	)	)	PUNCT
cjfa-33342	47	28	�	�	PROPN
cjfa-33342	47	29	�	�	PROPN
cjfa-33342	47	30	1	1	NUM
cjfa-33342	47	31	+	+	CCONJ
cjfa-33342	47	32	r	r	PROPN
cjfa-33342	47	33	�	�	PROPN
cjfa-33342	47	34	�	�	PROPN
cjfa-33342	47	35	�	�	PROPN
cjfa-33342	47	36	(	(	PUNCT
cjfa-33342	47	37	�	�	PROPN
cjfa-33342	47	38	)	)	PUNCT
cjfa-33342	47	39	�	�	PROPN
cjfa-33342	47	40	…	…	SYM
cjfa-33342	47	41	�	�	NOUN
cjfa-33342	47	42	1	1	NUM
cjfa-33342	47	43	+	+	CCONJ
cjfa-33342	47	44	r	r	PROPN
cjfa-33342	47	45	�	�	PROPN
cjfa-33342	47	46	�	�	PROPN
cjfa-33342	47	47	�	�	PROPN
cjfa-33342	47	48	(	(	PUNCT
cjfa-33342	47	49	�	�	PROPN
cjfa-33342	47	50	)	)	PUNCT
cjfa-33342	47	51	�	�	PROPN
cjfa-33342	47	52	(	(	PUNCT
cjfa-33342	47	53	𝑡	𝑡	PROPN
cjfa-33342	47	54	)	)	PUNCT
cjfa-33342	47	55	the	the	DET
cjfa-33342	47	56	future	future	ADJ
cjfa-33342	47	57	short	short	ADJ
cjfa-33342	47	58	rates	rate	NOUN
cjfa-33342	47	59	in	in	ADP
cjfa-33342	47	60	that	that	DET
cjfa-33342	47	61	equilibrium	equilibrium	NOUN
cjfa-33342	47	62	context	context	NOUN
cjfa-33342	47	63	are	be	AUX
cjfa-33342	47	64	called	call	VERB
cjfa-33342	47	65	the	the	DET
cjfa-33342	47	66	implicit	implicit	ADJ
cjfa-33342	47	67	forward	forward	ADJ
cjfa-33342	47	68	rates	rate	NOUN
cjfa-33342	47	69	.	.	PUNCT
cjfa-33342	48	1	considering	consider	VERB
cjfa-33342	48	2	the	the	DET
cjfa-33342	48	3	fact	fact	NOUN
cjfa-33342	48	4	that	that	SCONJ
cjfa-33342	48	5	lim	lim	PROPN
cjfa-33342	48	6	�	�	PROPN
cjfa-33342	48	7	�	�	PROPN
cjfa-33342	48	8	�	�	PROPN
cjfa-33342	48	9	ln(1	ln(1	PROPN
cjfa-33342	48	10	+	+	CCONJ
cjfa-33342	48	11	x	x	X
cjfa-33342	48	12	)	)	PUNCT
cjfa-33342	48	13	=	=	SYM
cjfa-33342	48	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	48	15	,	,	PUNCT
cjfa-33342	48	16	sargent	sargent	PROPN
cjfa-33342	48	17	(	(	PUNCT
cjfa-33342	48	18	1972	1972	NUM
cjfa-33342	48	19	)	)	PUNCT
cjfa-33342	48	20	rewrite	rewrite	VERB
cjfa-33342	48	21	it	it	PRON
cjfa-33342	48	22	as	as	SCONJ
cjfa-33342	48	23	follows	follow	VERB
cjfa-33342	48	24	:	:	PUNCT
cjfa-33342	48	25	r	r	X
cjfa-33342	48	26	�	�	PROPN
cjfa-33342	48	27	(	(	PUNCT
cjfa-33342	48	28	�	�	PROPN
cjfa-33342	48	29	)	)	PUNCT
cjfa-33342	48	30	=	=	SYM
cjfa-33342	48	31	1	1	NUM
cjfa-33342	48	32	n	n	PRON
cjfa-33342	48	33	�	�	PROPN
cjfa-33342	48	34	r	r	NOUN
cjfa-33342	48	35	�	�	PROPN
cjfa-33342	48	36	�	�	PROPN
cjfa-33342	48	37	�	�	PROPN
cjfa-33342	48	38	(	(	PUNCT
cjfa-33342	48	39	�	�	PROPN
cjfa-33342	48	40	)	)	PUNCT
cjfa-33342	48	41	�	�	PROPN
cjfa-33342	48	42	�	�	PROPN
cjfa-33342	48	43	�	�	PROPN
cjfa-33342	48	44	�	�	PROPN
cjfa-33342	48	45	�	�	PROPN
cjfa-33342	48	46	�	�	PROPN
cjfa-33342	48	47	(	(	PUNCT
cjfa-33342	48	48	𝑡	𝑡	PROPN
cjfa-33342	48	49	)	)	PUNCT
cjfa-33342	48	50	this	this	PRON
cjfa-33342	48	51	is	be	AUX
cjfa-33342	48	52	to	to	PART
cjfa-33342	48	53	say	say	VERB
cjfa-33342	48	54	that	that	SCONJ
cjfa-33342	48	55	the	the	DET
cjfa-33342	48	56	long	long	ADJ
cjfa-33342	48	57	-	-	PUNCT
cjfa-33342	48	58	term	term	NOUN
cjfa-33342	48	59	yield	yield	NOUN
cjfa-33342	48	60	is	be	AUX
cjfa-33342	48	61	a	a	DET
cjfa-33342	48	62	portfolio	portfolio	NOUN
cjfa-33342	48	63	of	of	ADP
cjfa-33342	48	64	short	short	ADJ
cjfa-33342	48	65	term	term	NOUN
cjfa-33342	48	66	yield	yield	NOUN
cjfa-33342	48	67	of	of	ADP
cjfa-33342	48	68	the	the	DET
cjfa-33342	48	69	same	same	ADJ
cjfa-33342	48	70	maturity	maturity	NOUN
cjfa-33342	48	71	and	and	CCONJ
cjfa-33342	48	72	equivalent	equivalent	ADJ
cjfa-33342	48	73	weight	weight	NOUN
cjfa-33342	48	74	.	.	PUNCT
cjfa-33342	49	1	lutz	lutz	PROPN
cjfa-33342	49	2	(	(	PUNCT
cjfa-33342	49	3	1940	1940	NUM
cjfa-33342	49	4	)	)	PUNCT
cjfa-33342	49	5	was	be	AUX
cjfa-33342	49	6	criticised	criticise	VERB
cjfa-33342	49	7	on	on	ADP
cjfa-33342	49	8	the	the	DET
cjfa-33342	49	9	fact	fact	NOUN
cjfa-33342	49	10	that	that	SCONJ
cjfa-33342	49	11	he	he	PRON
cjfa-33342	49	12	assumed	assume	VERB
cjfa-33342	49	13	that	that	SCONJ
cjfa-33342	49	14	operators	operator	NOUN
cjfa-33342	49	15	are	be	AUX
cjfa-33342	49	16	gods	god	NOUN
cjfa-33342	49	17	alike	alike	ADV
cjfa-33342	49	18	,	,	PUNCT
cjfa-33342	49	19	knowing	know	VERB
cjfa-33342	49	20	with	with	ADP
cjfa-33342	49	21	certainty	certainty	NOUN
cjfa-33342	49	22	all	all	DET
cjfa-33342	49	23	the	the	DET
cjfa-33342	49	24	future	future	ADJ
cjfa-33342	49	25	short	short	ADJ
cjfa-33342	49	26	interest	interest	NOUN
cjfa-33342	49	27	rates	rate	NOUN
cjfa-33342	49	28	.	.	PUNCT
cjfa-33342	50	1	since	since	SCONJ
cjfa-33342	50	2	this	this	PRON
cjfa-33342	50	3	is	be	AUX
cjfa-33342	50	4	not	not	PART
cjfa-33342	50	5	true	true	ADJ
cjfa-33342	50	6	,	,	PUNCT
cjfa-33342	50	7	(	(	PUNCT
cjfa-33342	50	8	1	1	X
cjfa-33342	50	9	)	)	PUNCT
cjfa-33342	50	10	where	where	SCONJ
cjfa-33342	50	11	rates	rate	NOUN
cjfa-33342	50	12	.	.	PUNCT
cjfa-33342	51	1	the	the	DET
cjfa-33342	51	2	third	third	ADJ
cjfa-33342	51	3	section	section	NOUN
cjfa-33342	51	4	presents	present	VERB
cjfa-33342	51	5	the	the	DET
cjfa-33342	51	6	research	research	NOUN
cjfa-33342	51	7	methodology	methodology	NOUN
cjfa-33342	51	8	and	and	CCONJ
cjfa-33342	51	9	the	the	DET
cjfa-33342	51	10	course	course	NOUN
cjfa-33342	51	11	of	of	ADP
cjfa-33342	51	12	the	the	DET
cjfa-33342	51	13	research	research	NOUN
cjfa-33342	51	14	process	process	NOUN
cjfa-33342	51	15	,	,	PUNCT
cjfa-33342	51	16	the	the	DET
cjfa-33342	51	17	fourth	fourth	ADJ
cjfa-33342	51	18	presents	present	VERB
cjfa-33342	51	19	the	the	DET
cjfa-33342	51	20	results	result	NOUN
cjfa-33342	51	21	and	and	CCONJ
cjfa-33342	51	22	discussions	discussion	NOUN
cjfa-33342	51	23	,	,	PUNCT
cjfa-33342	51	24	and	and	CCONJ
cjfa-33342	51	25	the	the	DET
cjfa-33342	51	26	sixth	sixth	ADJ
cjfa-33342	51	27	section	section	NOUN
cjfa-33342	51	28	presents	present	VERB
cjfa-33342	51	29	the	the	DET
cjfa-33342	51	30	conclusion	conclusion	NOUN
cjfa-33342	51	31	.	.	PUNCT
cjfa-33342	52	1	literature	literature	NOUN
cjfa-33342	52	2	review	review	VERB
cjfa-33342	52	3	theoretical	theoretical	ADJ
cjfa-33342	52	4	framework	framework	NOUN
cjfa-33342	52	5	of	of	ADP
cjfa-33342	52	6	interest	interest	NOUN
cjfa-33342	52	7	rate	rate	NOUN
cjfa-33342	52	8	predictability	predictability	NOUN
cjfa-33342	52	9	through	through	ADP
cjfa-33342	52	10	the	the	DET
cjfa-33342	52	11	term	term	NOUN
cjfa-33342	52	12	structure	structure	NOUN
cjfa-33342	52	13	of	of	ADP
cjfa-33342	52	14	interest	interest	NOUN
cjfa-33342	52	15	rates	rate	NOUN
cjfa-33342	52	16	the	the	DET
cjfa-33342	52	17	term	term	NOUN
cjfa-33342	52	18	structure	structure	NOUN
cjfa-33342	52	19	of	of	ADP
cjfa-33342	52	20	interest	interest	NOUN
cjfa-33342	52	21	rate	rate	NOUN
cjfa-33342	52	22	was	be	AUX
cjfa-33342	52	23	first	first	ADV
cjfa-33342	52	24	describes	describe	NOUN
cjfa-33342	52	25	by	by	ADP
cjfa-33342	52	26	fisher	fisher	PROPN
cjfa-33342	52	27	(	(	PUNCT
cjfa-33342	52	28	1896	1896	NUM
cjfa-33342	52	29	)	)	PUNCT
cjfa-33342	52	30	,	,	PUNCT
cjfa-33342	52	31	who	who	PRON
cjfa-33342	52	32	proposed	propose	VERB
cjfa-33342	52	33	a	a	DET
cjfa-33342	52	34	mathematical	mathematical	ADJ
cjfa-33342	52	35	equality	equality	NOUN
cjfa-33342	52	36	between	between	ADP
cjfa-33342	52	37	the	the	DET
cjfa-33342	52	38	yield	yield	NOUN
cjfa-33342	52	39	of	of	ADP
cjfa-33342	52	40	a	a	DET
cjfa-33342	52	41	long	long	ADJ
cjfa-33342	52	42	term	term	NOUN
cjfa-33342	52	43	security	security	NOUN
cjfa-33342	52	44	and	and	CCONJ
cjfa-33342	52	45	the	the	DET
cjfa-33342	52	46	total	total	ADJ
cjfa-33342	52	47	yield	yield	NOUN
cjfa-33342	52	48	of	of	ADP
cjfa-33342	52	49	short	short	ADJ
cjfa-33342	52	50	term	term	NOUN
cjfa-33342	52	51	securities	security	NOUN
cjfa-33342	52	52	,	,	PUNCT
cjfa-33342	52	53	along	along	ADP
cjfa-33342	52	54	the	the	DET
cjfa-33342	52	55	long	long	ADJ
cjfa-33342	52	56	term	term	NOUN
cjfa-33342	52	57	maturity	maturity	NOUN
cjfa-33342	52	58	.	.	PUNCT
cjfa-33342	53	1	but	but	CCONJ
cjfa-33342	53	2	his	his	PRON
cjfa-33342	53	3	theory	theory	NOUN
cjfa-33342	53	4	was	be	AUX
cjfa-33342	53	5	formalised	formalise	VERB
cjfa-33342	53	6	by	by	ADP
cjfa-33342	53	7	lutz	lutz	NOUN
cjfa-33342	53	8	(	(	PUNCT
cjfa-33342	53	9	1940	1940	NUM
cjfa-33342	53	10	)	)	PUNCT
cjfa-33342	53	11	in	in	ADP
cjfa-33342	53	12	his	his	PRON
cjfa-33342	53	13	expectations	expectation	NOUN
cjfa-33342	53	14	theory	theory	NOUN
cjfa-33342	53	15	.	.	PUNCT
cjfa-33342	54	1	lutz	lutz	PROPN
cjfa-33342	54	2	(	(	PUNCT
cjfa-33342	54	3	1940	1940	NUM
cjfa-33342	54	4	)	)	PUNCT
cjfa-33342	54	5	described	describe	VERB
cjfa-33342	54	6	operators	operator	NOUN
cjfa-33342	54	7	in	in	ADP
cjfa-33342	54	8	the	the	DET
cjfa-33342	54	9	capital	capital	NOUN
cjfa-33342	54	10	market	market	NOUN
cjfa-33342	54	11	as	as	ADP
cjfa-33342	54	12	insatiable	insatiable	ADJ
cjfa-33342	54	13	and	and	CCONJ
cjfa-33342	54	14	motivated	motivate	VERB
cjfa-33342	54	15	by	by	ADP
cjfa-33342	54	16	a	a	DET
cjfa-33342	54	17	single	single	ADJ
cjfa-33342	54	18	goal	goal	NOUN
cjfa-33342	54	19	:	:	PUNCT
cjfa-33342	54	20	profit	profit	NOUN
cjfa-33342	54	21	maximisation	maximisation	NOUN
cjfa-33342	54	22	.	.	PUNCT
cjfa-33342	55	1	in	in	ADP
cjfa-33342	55	2	this	this	DET
cjfa-33342	55	3	context	context	NOUN
cjfa-33342	55	4	,	,	PUNCT
cjfa-33342	55	5	they	they	PRON
cjfa-33342	55	6	would	would	AUX
cjfa-33342	55	7	try	try	VERB
cjfa-33342	55	8	to	to	PART
cjfa-33342	55	9	take	take	VERB
cjfa-33342	55	10	advantages	advantage	NOUN
cjfa-33342	55	11	of	of	ADP
cjfa-33342	55	12	any	any	DET
cjfa-33342	55	13	arbitrage	arbitrage	NOUN
cjfa-33342	55	14	opportunities	opportunity	NOUN
cjfa-33342	55	15	offered	offer	VERB
cjfa-33342	55	16	by	by	ADP
cjfa-33342	55	17	a	a	DET
cjfa-33342	55	18	market	market	NOUN
cjfa-33342	55	19	in	in	ADP
cjfa-33342	55	20	a	a	DET
cjfa-33342	55	21	situation	situation	NOUN
cjfa-33342	55	22	of	of	ADP
cjfa-33342	55	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	55	24	,	,	PUNCT
cjfa-33342	55	25	that	that	PRON
cjfa-33342	55	26	is	be	AUX
cjfa-33342	55	27	a	a	DET
cjfa-33342	55	28	market	market	NOUN
cjfa-33342	55	29	where	where	SCONJ
cjfa-33342	55	30	:	:	PUNCT
cjfa-33342	55	31	(	(	PUNCT
cjfa-33342	55	32	1	1	NUM
cjfa-33342	55	33	+	+	CCONJ
cjfa-33342	55	34	r	r	NOUN
cjfa-33342	55	35	�	�	PROPN
cjfa-33342	55	36	(	(	PUNCT
cjfa-33342	55	37	�	�	PROPN
cjfa-33342	55	38	)	)	PUNCT
cjfa-33342	55	39	)	)	PUNCT
cjfa-33342	55	40	�	�	PROPN
cjfa-33342	55	41	≠	≠	PROPN
cjfa-33342	55	42	�	�	PROPN
cjfa-33342	55	43	1	1	NUM
cjfa-33342	55	44	+	+	CCONJ
cjfa-33342	55	45	r	r	PROPN
cjfa-33342	55	46	�	�	PROPN
cjfa-33342	55	47	(	(	PUNCT
cjfa-33342	55	48	�	�	NOUN
cjfa-33342	55	49	)	)	PUNCT
cjfa-33342	55	50	�	�	PROPN
cjfa-33342	55	51	�	�	PROPN
cjfa-33342	55	52	1	1	NUM
cjfa-33342	55	53	+	+	CCONJ
cjfa-33342	55	54	r	r	PROPN
cjfa-33342	55	55	�	�	PROPN
cjfa-33342	55	56	�	�	PROPN
cjfa-33342	55	57	�	�	PROPN
cjfa-33342	55	58	(	(	PUNCT
cjfa-33342	55	59	�	�	PROPN
cjfa-33342	55	60	)	)	PUNCT
cjfa-33342	55	61	�	�	PROPN
cjfa-33342	55	62	…	…	SYM
cjfa-33342	55	63	�	�	NOUN
cjfa-33342	55	64	1	1	NUM
cjfa-33342	55	65	+	+	CCONJ
cjfa-33342	55	66	r	r	PROPN
cjfa-33342	55	67	�	�	PROPN
cjfa-33342	55	68	�	�	PROPN
cjfa-33342	55	69	�	�	PROPN
cjfa-33342	55	70	(	(	PUNCT
cjfa-33342	55	71	�	�	PROPN
cjfa-33342	55	72	)	)	PUNCT
cjfa-33342	55	73	�	�	PROPN
cjfa-33342	55	74	(	(	PUNCT
cjfa-33342	55	75	1	1	NUM
cjfa-33342	55	76	)	)	PUNCT
cjfa-33342	55	77	where	where	SCONJ
cjfa-33342	55	78	r	r	NOUN
cjfa-33342	55	79	�	�	PROPN
cjfa-33342	55	80	(	(	PUNCT
cjfa-33342	55	81	�	�	PROPN
cjfa-33342	55	82	)	)	PUNCT
cjfa-33342	55	83	is	be	AUX
cjfa-33342	55	84	the	the	DET
cjfa-33342	55	85	long	long	ADJ
cjfa-33342	55	86	term	term	NOUN
cjfa-33342	55	87	rate	rate	NOUN
cjfa-33342	55	88	of	of	ADP
cjfa-33342	55	89	maturity	maturity	NOUN
cjfa-33342	55	90	n	n	CCONJ
cjfa-33342	55	91	,	,	PUNCT
cjfa-33342	55	92	and	and	CCONJ
cjfa-33342	55	93	r	r	X
cjfa-33342	55	94	�	�	PROPN
cjfa-33342	55	95	(	(	PUNCT
cjfa-33342	55	96	�	�	PROPN
cjfa-33342	55	97	)	)	PUNCT
cjfa-33342	55	98	is	be	AUX
cjfa-33342	55	99	the	the	DET
cjfa-33342	55	100	current	current	ADJ
cjfa-33342	55	101	short	short	ADJ
cjfa-33342	55	102	rate	rate	NOUN
cjfa-33342	55	103	,	,	PUNCT
cjfa-33342	55	104	and	and	CCONJ
cjfa-33342	55	105	r	r	NOUN
cjfa-33342	55	106	�	�	PROPN
cjfa-33342	55	107	�	�	PROPN
cjfa-33342	55	108	�	�	PROPN
cjfa-33342	55	109	(	(	PUNCT
cjfa-33342	55	110	�	�	PROPN
cjfa-33342	55	111	)	)	PUNCT
cjfa-33342	55	112	is	be	AUX
cjfa-33342	55	113	the	the	DET
cjfa-33342	55	114	future	future	ADJ
cjfa-33342	55	115	rate	rate	NOUN
cjfa-33342	55	116	at	at	ADP
cjfa-33342	55	117	time	time	NOUN
cjfa-33342	56	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	57	1	+	+	NUM
cjfa-33342	57	2	1𝑡	1𝑡	NOUN
cjfa-33342	57	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	57	4	+	+	CCONJ
cjfa-33342	57	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	57	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	57	7	+	+	CCONJ
cjfa-33342	57	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	57	9	…	…	PUNCT
cjfa-33342	57	10	𝑡	𝑡	X
cjfa-33342	57	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	57	12	+	+	CCONJ
cjfa-33342	57	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	57	14	lutz	lutz	NOUN
cjfa-33342	57	15	(	(	PUNCT
cjfa-33342	57	16	1940	1940	NUM
cjfa-33342	57	17	)	)	PUNCT
cjfa-33342	57	18	suggested	suggest	VERB
cjfa-33342	57	19	that	that	SCONJ
cjfa-33342	57	20	,	,	PUNCT
cjfa-33342	57	21	while	while	SCONJ
cjfa-33342	57	22	they	they	PRON
cjfa-33342	57	23	are	be	AUX
cjfa-33342	57	24	trying	try	VERB
cjfa-33342	57	25	to	to	PART
cjfa-33342	57	26	take	take	VERB
cjfa-33342	57	27	advantage	advantage	NOUN
cjfa-33342	57	28	of	of	ADP
cjfa-33342	57	29	this	this	DET
cjfa-33342	57	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	57	31	situation	situation	NOUN
cjfa-33342	57	32	,	,	PUNCT
cjfa-33342	57	33	operators	operator	NOUN
cjfa-33342	57	34	on	on	ADP
cjfa-33342	57	35	the	the	DET
cjfa-33342	57	36	capital	capital	NOUN
cjfa-33342	57	37	market	market	NOUN
cjfa-33342	57	38	will	will	AUX
cjfa-33342	57	39	contribute	contribute	VERB
cjfa-33342	57	40	to	to	PART
cjfa-33342	57	41	bring	bring	VERB
cjfa-33342	57	42	the	the	DET
cjfa-33342	57	43	market	market	NOUN
cjfa-33342	57	44	back	back	ADV
cjfa-33342	57	45	in	in	ADP
cjfa-33342	57	46	a	a	DET
cjfa-33342	57	47	situation	situation	NOUN
cjfa-33342	57	48	of	of	ADP
cjfa-33342	57	49	general	general	ADJ
cjfa-33342	57	50	equilibrium	equilibrium	NOUN
cjfa-33342	57	51	.	.	PUNCT
cjfa-33342	58	1	the	the	DET
cjfa-33342	58	2	general	general	ADJ
cjfa-33342	58	3	equilibrium	equilibrium	NOUN
cjfa-33342	58	4	equation	equation	NOUN
cjfa-33342	58	5	is	be	AUX
cjfa-33342	58	6	as	as	SCONJ
cjfa-33342	58	7	follows	follow	VERB
cjfa-33342	58	8	:	:	PUNCT
cjfa-33342	58	9	(	(	PUNCT
cjfa-33342	58	10	1	1	NUM
cjfa-33342	58	11	+	+	CCONJ
cjfa-33342	58	12	r	r	NOUN
cjfa-33342	58	13	�	�	PROPN
cjfa-33342	58	14	(	(	PUNCT
cjfa-33342	58	15	�	�	PROPN
cjfa-33342	58	16	)	)	PUNCT
cjfa-33342	58	17	)	)	PUNCT
cjfa-33342	58	18	�	�	PROPN
cjfa-33342	58	19	=	=	SYM
cjfa-33342	58	20	�	�	PROPN
cjfa-33342	58	21	1	1	NUM
cjfa-33342	58	22	+	+	CCONJ
cjfa-33342	58	23	r	r	PROPN
cjfa-33342	58	24	�	�	PROPN
cjfa-33342	58	25	(	(	PUNCT
cjfa-33342	58	26	�	�	NOUN
cjfa-33342	58	27	)	)	PUNCT
cjfa-33342	58	28	�	�	PROPN
cjfa-33342	58	29	�	�	PROPN
cjfa-33342	58	30	1	1	NUM
cjfa-33342	58	31	+	+	CCONJ
cjfa-33342	58	32	r	r	PROPN
cjfa-33342	58	33	�	�	PROPN
cjfa-33342	58	34	�	�	PROPN
cjfa-33342	58	35	�	�	PROPN
cjfa-33342	58	36	(	(	PUNCT
cjfa-33342	58	37	�	�	PROPN
cjfa-33342	58	38	)	)	PUNCT
cjfa-33342	58	39	�	�	PROPN
cjfa-33342	58	40	…	…	SYM
cjfa-33342	58	41	�	�	NOUN
cjfa-33342	58	42	1	1	NUM
cjfa-33342	58	43	+	+	CCONJ
cjfa-33342	58	44	r	r	PROPN
cjfa-33342	58	45	�	�	PROPN
cjfa-33342	58	46	�	�	PROPN
cjfa-33342	58	47	�	�	PROPN
cjfa-33342	58	48	(	(	PUNCT
cjfa-33342	58	49	�	�	PROPN
cjfa-33342	58	50	)	)	PUNCT
cjfa-33342	58	51	�	�	PROPN
cjfa-33342	58	52	(	(	PUNCT
cjfa-33342	58	53	𝑡	𝑡	PROPN
cjfa-33342	58	54	)	)	PUNCT
cjfa-33342	58	55	the	the	DET
cjfa-33342	58	56	future	future	ADJ
cjfa-33342	58	57	short	short	ADJ
cjfa-33342	58	58	rates	rate	NOUN
cjfa-33342	58	59	in	in	ADP
cjfa-33342	58	60	that	that	DET
cjfa-33342	58	61	equilibrium	equilibrium	NOUN
cjfa-33342	58	62	context	context	NOUN
cjfa-33342	58	63	are	be	AUX
cjfa-33342	58	64	called	call	VERB
cjfa-33342	58	65	the	the	DET
cjfa-33342	58	66	implicit	implicit	ADJ
cjfa-33342	58	67	forward	forward	ADJ
cjfa-33342	58	68	rates	rate	NOUN
cjfa-33342	58	69	.	.	PUNCT
cjfa-33342	59	1	considering	consider	VERB
cjfa-33342	59	2	the	the	DET
cjfa-33342	59	3	fact	fact	NOUN
cjfa-33342	59	4	that	that	SCONJ
cjfa-33342	59	5	lim	lim	PROPN
cjfa-33342	59	6	�	�	PROPN
cjfa-33342	59	7	�	�	PROPN
cjfa-33342	59	8	�	�	PROPN
cjfa-33342	59	9	ln(1	ln(1	PROPN
cjfa-33342	59	10	+	+	CCONJ
cjfa-33342	59	11	x	x	X
cjfa-33342	59	12	)	)	PUNCT
cjfa-33342	59	13	=	=	SYM
cjfa-33342	59	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	59	15	,	,	PUNCT
cjfa-33342	59	16	sargent	sargent	PROPN
cjfa-33342	59	17	(	(	PUNCT
cjfa-33342	59	18	1972	1972	NUM
cjfa-33342	59	19	)	)	PUNCT
cjfa-33342	59	20	rewrite	rewrite	VERB
cjfa-33342	59	21	it	it	PRON
cjfa-33342	59	22	as	as	SCONJ
cjfa-33342	59	23	follows	follow	VERB
cjfa-33342	59	24	:	:	PUNCT
cjfa-33342	59	25	r	r	X
cjfa-33342	59	26	�	�	PROPN
cjfa-33342	59	27	(	(	PUNCT
cjfa-33342	59	28	�	�	PROPN
cjfa-33342	59	29	)	)	PUNCT
cjfa-33342	59	30	=	=	SYM
cjfa-33342	59	31	1	1	NUM
cjfa-33342	59	32	n	n	PRON
cjfa-33342	59	33	�	�	PROPN
cjfa-33342	59	34	r	r	NOUN
cjfa-33342	59	35	�	�	PROPN
cjfa-33342	59	36	�	�	PROPN
cjfa-33342	59	37	�	�	PROPN
cjfa-33342	59	38	(	(	PUNCT
cjfa-33342	59	39	�	�	PROPN
cjfa-33342	59	40	)	)	PUNCT
cjfa-33342	59	41	�	�	PROPN
cjfa-33342	59	42	�	�	PROPN
cjfa-33342	59	43	�	�	PROPN
cjfa-33342	59	44	�	�	PROPN
cjfa-33342	59	45	�	�	PROPN
cjfa-33342	59	46	�	�	PROPN
cjfa-33342	59	47	(	(	PUNCT
cjfa-33342	59	48	𝑡	𝑡	PROPN
cjfa-33342	59	49	)	)	PUNCT
cjfa-33342	59	50	this	this	PRON
cjfa-33342	59	51	is	be	AUX
cjfa-33342	59	52	to	to	PART
cjfa-33342	59	53	say	say	VERB
cjfa-33342	59	54	that	that	SCONJ
cjfa-33342	59	55	the	the	DET
cjfa-33342	59	56	long	long	ADJ
cjfa-33342	59	57	-	-	PUNCT
cjfa-33342	59	58	term	term	NOUN
cjfa-33342	59	59	yield	yield	NOUN
cjfa-33342	59	60	is	be	AUX
cjfa-33342	59	61	a	a	DET
cjfa-33342	59	62	portfolio	portfolio	NOUN
cjfa-33342	59	63	of	of	ADP
cjfa-33342	59	64	short	short	ADJ
cjfa-33342	59	65	term	term	NOUN
cjfa-33342	59	66	yield	yield	NOUN
cjfa-33342	59	67	of	of	ADP
cjfa-33342	59	68	the	the	DET
cjfa-33342	59	69	same	same	ADJ
cjfa-33342	59	70	maturity	maturity	NOUN
cjfa-33342	59	71	and	and	CCONJ
cjfa-33342	59	72	equivalent	equivalent	ADJ
cjfa-33342	59	73	weight	weight	NOUN
cjfa-33342	59	74	.	.	PUNCT
cjfa-33342	60	1	lutz	lutz	PROPN
cjfa-33342	60	2	(	(	PUNCT
cjfa-33342	60	3	1940	1940	NUM
cjfa-33342	60	4	)	)	PUNCT
cjfa-33342	60	5	was	be	AUX
cjfa-33342	60	6	criticised	criticise	VERB
cjfa-33342	60	7	on	on	ADP
cjfa-33342	60	8	the	the	DET
cjfa-33342	60	9	fact	fact	NOUN
cjfa-33342	60	10	that	that	SCONJ
cjfa-33342	60	11	he	he	PRON
cjfa-33342	60	12	assumed	assume	VERB
cjfa-33342	60	13	that	that	SCONJ
cjfa-33342	60	14	operators	operator	NOUN
cjfa-33342	60	15	are	be	AUX
cjfa-33342	60	16	gods	god	NOUN
cjfa-33342	60	17	alike	alike	ADV
cjfa-33342	60	18	,	,	PUNCT
cjfa-33342	60	19	knowing	know	VERB
cjfa-33342	60	20	with	with	ADP
cjfa-33342	60	21	certainty	certainty	NOUN
cjfa-33342	60	22	all	all	DET
cjfa-33342	60	23	the	the	DET
cjfa-33342	60	24	future	future	ADJ
cjfa-33342	60	25	short	short	ADJ
cjfa-33342	60	26	interest	interest	NOUN
cjfa-33342	60	27	rates	rate	NOUN
cjfa-33342	60	28	.	.	PUNCT
cjfa-33342	61	1	since	since	SCONJ
cjfa-33342	61	2	this	this	PRON
cjfa-33342	61	3	is	be	AUX
cjfa-33342	61	4	not	not	PART
cjfa-33342	61	5	true	true	ADJ
cjfa-33342	61	6	,	,	PUNCT
cjfa-33342	61	7	is	be	AUX
cjfa-33342	61	8	the	the	DET
cjfa-33342	61	9	long	long	ADJ
cjfa-33342	61	10	term	term	NOUN
cjfa-33342	61	11	rate	rate	NOUN
cjfa-33342	61	12	of	of	ADP
cjfa-33342	61	13	maturity	maturity	NOUN
cjfa-33342	61	14	n	n	CCONJ
cjfa-33342	61	15	,	,	PUNCT
cjfa-33342	61	16	and	and	CCONJ
cjfa-33342	61	17	rates	rate	NOUN
cjfa-33342	61	18	.	.	PUNCT
cjfa-33342	62	1	the	the	DET
cjfa-33342	62	2	third	third	ADJ
cjfa-33342	62	3	section	section	NOUN
cjfa-33342	62	4	presents	present	VERB
cjfa-33342	62	5	the	the	DET
cjfa-33342	62	6	research	research	NOUN
cjfa-33342	62	7	methodology	methodology	NOUN
cjfa-33342	62	8	and	and	CCONJ
cjfa-33342	62	9	the	the	DET
cjfa-33342	62	10	course	course	NOUN
cjfa-33342	62	11	of	of	ADP
cjfa-33342	62	12	the	the	DET
cjfa-33342	62	13	research	research	NOUN
cjfa-33342	62	14	process	process	NOUN
cjfa-33342	62	15	,	,	PUNCT
cjfa-33342	62	16	the	the	DET
cjfa-33342	62	17	fourth	fourth	ADJ
cjfa-33342	62	18	presents	present	VERB
cjfa-33342	62	19	the	the	DET
cjfa-33342	62	20	results	result	NOUN
cjfa-33342	62	21	and	and	CCONJ
cjfa-33342	62	22	discussions	discussion	NOUN
cjfa-33342	62	23	,	,	PUNCT
cjfa-33342	62	24	and	and	CCONJ
cjfa-33342	62	25	the	the	DET
cjfa-33342	62	26	sixth	sixth	ADJ
cjfa-33342	62	27	section	section	NOUN
cjfa-33342	62	28	presents	present	VERB
cjfa-33342	62	29	the	the	DET
cjfa-33342	62	30	conclusion	conclusion	NOUN
cjfa-33342	62	31	.	.	PUNCT
cjfa-33342	63	1	literature	literature	NOUN
cjfa-33342	63	2	review	review	VERB
cjfa-33342	63	3	theoretical	theoretical	ADJ
cjfa-33342	63	4	framework	framework	NOUN
cjfa-33342	63	5	of	of	ADP
cjfa-33342	63	6	interest	interest	NOUN
cjfa-33342	63	7	rate	rate	NOUN
cjfa-33342	63	8	predictability	predictability	NOUN
cjfa-33342	63	9	through	through	ADP
cjfa-33342	63	10	the	the	DET
cjfa-33342	63	11	term	term	NOUN
cjfa-33342	63	12	structure	structure	NOUN
cjfa-33342	63	13	of	of	ADP
cjfa-33342	63	14	interest	interest	NOUN
cjfa-33342	63	15	rates	rate	NOUN
cjfa-33342	63	16	the	the	DET
cjfa-33342	63	17	term	term	NOUN
cjfa-33342	63	18	structure	structure	NOUN
cjfa-33342	63	19	of	of	ADP
cjfa-33342	63	20	interest	interest	NOUN
cjfa-33342	63	21	rate	rate	NOUN
cjfa-33342	63	22	was	be	AUX
cjfa-33342	63	23	first	first	ADV
cjfa-33342	63	24	describes	describe	NOUN
cjfa-33342	63	25	by	by	ADP
cjfa-33342	63	26	fisher	fisher	PROPN
cjfa-33342	63	27	(	(	PUNCT
cjfa-33342	63	28	1896	1896	NUM
cjfa-33342	63	29	)	)	PUNCT
cjfa-33342	63	30	,	,	PUNCT
cjfa-33342	63	31	who	who	PRON
cjfa-33342	63	32	proposed	propose	VERB
cjfa-33342	63	33	a	a	DET
cjfa-33342	63	34	mathematical	mathematical	ADJ
cjfa-33342	63	35	equality	equality	NOUN
cjfa-33342	63	36	between	between	ADP
cjfa-33342	63	37	the	the	DET
cjfa-33342	63	38	yield	yield	NOUN
cjfa-33342	63	39	of	of	ADP
cjfa-33342	63	40	a	a	DET
cjfa-33342	63	41	long	long	ADJ
cjfa-33342	63	42	term	term	NOUN
cjfa-33342	63	43	security	security	NOUN
cjfa-33342	63	44	and	and	CCONJ
cjfa-33342	63	45	the	the	DET
cjfa-33342	63	46	total	total	ADJ
cjfa-33342	63	47	yield	yield	NOUN
cjfa-33342	63	48	of	of	ADP
cjfa-33342	63	49	short	short	ADJ
cjfa-33342	63	50	term	term	NOUN
cjfa-33342	63	51	securities	security	NOUN
cjfa-33342	63	52	,	,	PUNCT
cjfa-33342	63	53	along	along	ADP
cjfa-33342	63	54	the	the	DET
cjfa-33342	63	55	long	long	ADJ
cjfa-33342	63	56	term	term	NOUN
cjfa-33342	63	57	maturity	maturity	NOUN
cjfa-33342	63	58	.	.	PUNCT
cjfa-33342	64	1	but	but	CCONJ
cjfa-33342	64	2	his	his	PRON
cjfa-33342	64	3	theory	theory	NOUN
cjfa-33342	64	4	was	be	AUX
cjfa-33342	64	5	formalised	formalise	VERB
cjfa-33342	64	6	by	by	ADP
cjfa-33342	64	7	lutz	lutz	NOUN
cjfa-33342	64	8	(	(	PUNCT
cjfa-33342	64	9	1940	1940	NUM
cjfa-33342	64	10	)	)	PUNCT
cjfa-33342	64	11	in	in	ADP
cjfa-33342	64	12	his	his	PRON
cjfa-33342	64	13	expectations	expectation	NOUN
cjfa-33342	64	14	theory	theory	NOUN
cjfa-33342	64	15	.	.	PUNCT
cjfa-33342	65	1	lutz	lutz	PROPN
cjfa-33342	65	2	(	(	PUNCT
cjfa-33342	65	3	1940	1940	NUM
cjfa-33342	65	4	)	)	PUNCT
cjfa-33342	65	5	described	describe	VERB
cjfa-33342	65	6	operators	operator	NOUN
cjfa-33342	65	7	in	in	ADP
cjfa-33342	65	8	the	the	DET
cjfa-33342	65	9	capital	capital	NOUN
cjfa-33342	65	10	market	market	NOUN
cjfa-33342	65	11	as	as	ADP
cjfa-33342	65	12	insatiable	insatiable	ADJ
cjfa-33342	65	13	and	and	CCONJ
cjfa-33342	65	14	motivated	motivate	VERB
cjfa-33342	65	15	by	by	ADP
cjfa-33342	65	16	a	a	DET
cjfa-33342	65	17	single	single	ADJ
cjfa-33342	65	18	goal	goal	NOUN
cjfa-33342	65	19	:	:	PUNCT
cjfa-33342	65	20	profit	profit	NOUN
cjfa-33342	65	21	maximisation	maximisation	NOUN
cjfa-33342	65	22	.	.	PUNCT
cjfa-33342	66	1	in	in	ADP
cjfa-33342	66	2	this	this	DET
cjfa-33342	66	3	context	context	NOUN
cjfa-33342	66	4	,	,	PUNCT
cjfa-33342	66	5	they	they	PRON
cjfa-33342	66	6	would	would	AUX
cjfa-33342	66	7	try	try	VERB
cjfa-33342	66	8	to	to	PART
cjfa-33342	66	9	take	take	VERB
cjfa-33342	66	10	advantages	advantage	NOUN
cjfa-33342	66	11	of	of	ADP
cjfa-33342	66	12	any	any	DET
cjfa-33342	66	13	arbitrage	arbitrage	NOUN
cjfa-33342	66	14	opportunities	opportunity	NOUN
cjfa-33342	66	15	offered	offer	VERB
cjfa-33342	66	16	by	by	ADP
cjfa-33342	66	17	a	a	DET
cjfa-33342	66	18	market	market	NOUN
cjfa-33342	66	19	in	in	ADP
cjfa-33342	66	20	a	a	DET
cjfa-33342	66	21	situation	situation	NOUN
cjfa-33342	66	22	of	of	ADP
cjfa-33342	66	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	66	24	,	,	PUNCT
cjfa-33342	66	25	that	that	PRON
cjfa-33342	66	26	is	be	AUX
cjfa-33342	66	27	a	a	DET
cjfa-33342	66	28	market	market	NOUN
cjfa-33342	66	29	where	where	SCONJ
cjfa-33342	66	30	:	:	PUNCT
cjfa-33342	66	31	(	(	PUNCT
cjfa-33342	66	32	1	1	NUM
cjfa-33342	66	33	+	+	CCONJ
cjfa-33342	66	34	r	r	NOUN
cjfa-33342	66	35	�	�	PROPN
cjfa-33342	66	36	(	(	PUNCT
cjfa-33342	66	37	�	�	PROPN
cjfa-33342	66	38	)	)	PUNCT
cjfa-33342	66	39	)	)	PUNCT
cjfa-33342	66	40	�	�	PROPN
cjfa-33342	66	41	≠	≠	PROPN
cjfa-33342	66	42	�	�	PROPN
cjfa-33342	66	43	1	1	NUM
cjfa-33342	66	44	+	+	CCONJ
cjfa-33342	66	45	r	r	PROPN
cjfa-33342	66	46	�	�	PROPN
cjfa-33342	66	47	(	(	PUNCT
cjfa-33342	66	48	�	�	NOUN
cjfa-33342	66	49	)	)	PUNCT
cjfa-33342	66	50	�	�	PROPN
cjfa-33342	66	51	�	�	PROPN
cjfa-33342	66	52	1	1	NUM
cjfa-33342	66	53	+	+	CCONJ
cjfa-33342	66	54	r	r	PROPN
cjfa-33342	66	55	�	�	PROPN
cjfa-33342	66	56	�	�	PROPN
cjfa-33342	66	57	�	�	PROPN
cjfa-33342	66	58	(	(	PUNCT
cjfa-33342	66	59	�	�	PROPN
cjfa-33342	66	60	)	)	PUNCT
cjfa-33342	66	61	�	�	PROPN
cjfa-33342	66	62	…	…	SYM
cjfa-33342	66	63	�	�	NOUN
cjfa-33342	66	64	1	1	NUM
cjfa-33342	66	65	+	+	CCONJ
cjfa-33342	66	66	r	r	PROPN
cjfa-33342	66	67	�	�	PROPN
cjfa-33342	66	68	�	�	PROPN
cjfa-33342	66	69	�	�	PROPN
cjfa-33342	66	70	(	(	PUNCT
cjfa-33342	66	71	�	�	PROPN
cjfa-33342	66	72	)	)	PUNCT
cjfa-33342	66	73	�	�	PROPN
cjfa-33342	66	74	(	(	PUNCT
cjfa-33342	66	75	1	1	NUM
cjfa-33342	66	76	)	)	PUNCT
cjfa-33342	66	77	where	where	SCONJ
cjfa-33342	66	78	r	r	NOUN
cjfa-33342	66	79	�	�	PROPN
cjfa-33342	66	80	(	(	PUNCT
cjfa-33342	66	81	�	�	PROPN
cjfa-33342	66	82	)	)	PUNCT
cjfa-33342	66	83	is	be	AUX
cjfa-33342	66	84	the	the	DET
cjfa-33342	66	85	long	long	ADJ
cjfa-33342	66	86	term	term	NOUN
cjfa-33342	66	87	rate	rate	NOUN
cjfa-33342	66	88	of	of	ADP
cjfa-33342	66	89	maturity	maturity	NOUN
cjfa-33342	66	90	n	n	CCONJ
cjfa-33342	66	91	,	,	PUNCT
cjfa-33342	66	92	and	and	CCONJ
cjfa-33342	66	93	r	r	X
cjfa-33342	66	94	�	�	PROPN
cjfa-33342	66	95	(	(	PUNCT
cjfa-33342	66	96	�	�	PROPN
cjfa-33342	66	97	)	)	PUNCT
cjfa-33342	66	98	is	be	AUX
cjfa-33342	66	99	the	the	DET
cjfa-33342	66	100	current	current	ADJ
cjfa-33342	66	101	short	short	ADJ
cjfa-33342	66	102	rate	rate	NOUN
cjfa-33342	66	103	,	,	PUNCT
cjfa-33342	66	104	and	and	CCONJ
cjfa-33342	66	105	r	r	NOUN
cjfa-33342	66	106	�	�	PROPN
cjfa-33342	66	107	�	�	PROPN
cjfa-33342	66	108	�	�	PROPN
cjfa-33342	66	109	(	(	PUNCT
cjfa-33342	66	110	�	�	PROPN
cjfa-33342	66	111	)	)	PUNCT
cjfa-33342	66	112	is	be	AUX
cjfa-33342	66	113	the	the	DET
cjfa-33342	66	114	future	future	ADJ
cjfa-33342	66	115	rate	rate	NOUN
cjfa-33342	66	116	at	at	ADP
cjfa-33342	66	117	time	time	NOUN
cjfa-33342	67	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	68	1	+	+	NUM
cjfa-33342	68	2	1𝑡	1𝑡	NOUN
cjfa-33342	68	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	68	4	+	+	CCONJ
cjfa-33342	68	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	68	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	68	7	+	+	CCONJ
cjfa-33342	68	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	68	9	…	…	PUNCT
cjfa-33342	68	10	𝑡	𝑡	X
cjfa-33342	68	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	68	12	+	+	CCONJ
cjfa-33342	68	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	68	14	lutz	lutz	NOUN
cjfa-33342	68	15	(	(	PUNCT
cjfa-33342	68	16	1940	1940	NUM
cjfa-33342	68	17	)	)	PUNCT
cjfa-33342	68	18	suggested	suggest	VERB
cjfa-33342	68	19	that	that	SCONJ
cjfa-33342	68	20	,	,	PUNCT
cjfa-33342	68	21	while	while	SCONJ
cjfa-33342	68	22	they	they	PRON
cjfa-33342	68	23	are	be	AUX
cjfa-33342	68	24	trying	try	VERB
cjfa-33342	68	25	to	to	PART
cjfa-33342	68	26	take	take	VERB
cjfa-33342	68	27	advantage	advantage	NOUN
cjfa-33342	68	28	of	of	ADP
cjfa-33342	68	29	this	this	DET
cjfa-33342	68	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	68	31	situation	situation	NOUN
cjfa-33342	68	32	,	,	PUNCT
cjfa-33342	68	33	operators	operator	NOUN
cjfa-33342	68	34	on	on	ADP
cjfa-33342	68	35	the	the	DET
cjfa-33342	68	36	capital	capital	NOUN
cjfa-33342	68	37	market	market	NOUN
cjfa-33342	68	38	will	will	AUX
cjfa-33342	68	39	contribute	contribute	VERB
cjfa-33342	68	40	to	to	PART
cjfa-33342	68	41	bring	bring	VERB
cjfa-33342	68	42	the	the	DET
cjfa-33342	68	43	market	market	NOUN
cjfa-33342	68	44	back	back	ADV
cjfa-33342	68	45	in	in	ADP
cjfa-33342	68	46	a	a	DET
cjfa-33342	68	47	situation	situation	NOUN
cjfa-33342	68	48	of	of	ADP
cjfa-33342	68	49	general	general	ADJ
cjfa-33342	68	50	equilibrium	equilibrium	NOUN
cjfa-33342	68	51	.	.	PUNCT
cjfa-33342	69	1	the	the	DET
cjfa-33342	69	2	general	general	ADJ
cjfa-33342	69	3	equilibrium	equilibrium	NOUN
cjfa-33342	69	4	equation	equation	NOUN
cjfa-33342	69	5	is	be	AUX
cjfa-33342	69	6	as	as	SCONJ
cjfa-33342	69	7	follows	follow	VERB
cjfa-33342	69	8	:	:	PUNCT
cjfa-33342	69	9	(	(	PUNCT
cjfa-33342	69	10	1	1	NUM
cjfa-33342	69	11	+	+	CCONJ
cjfa-33342	69	12	r	r	NOUN
cjfa-33342	69	13	�	�	PROPN
cjfa-33342	69	14	(	(	PUNCT
cjfa-33342	69	15	�	�	PROPN
cjfa-33342	69	16	)	)	PUNCT
cjfa-33342	69	17	)	)	PUNCT
cjfa-33342	69	18	�	�	PROPN
cjfa-33342	69	19	=	=	SYM
cjfa-33342	69	20	�	�	PROPN
cjfa-33342	69	21	1	1	NUM
cjfa-33342	69	22	+	+	CCONJ
cjfa-33342	69	23	r	r	PROPN
cjfa-33342	69	24	�	�	PROPN
cjfa-33342	69	25	(	(	PUNCT
cjfa-33342	69	26	�	�	NOUN
cjfa-33342	69	27	)	)	PUNCT
cjfa-33342	69	28	�	�	PROPN
cjfa-33342	69	29	�	�	PROPN
cjfa-33342	69	30	1	1	NUM
cjfa-33342	69	31	+	+	CCONJ
cjfa-33342	69	32	r	r	PROPN
cjfa-33342	69	33	�	�	PROPN
cjfa-33342	69	34	�	�	PROPN
cjfa-33342	69	35	�	�	PROPN
cjfa-33342	69	36	(	(	PUNCT
cjfa-33342	69	37	�	�	PROPN
cjfa-33342	69	38	)	)	PUNCT
cjfa-33342	69	39	�	�	PROPN
cjfa-33342	69	40	…	…	SYM
cjfa-33342	69	41	�	�	NOUN
cjfa-33342	69	42	1	1	NUM
cjfa-33342	69	43	+	+	CCONJ
cjfa-33342	69	44	r	r	PROPN
cjfa-33342	69	45	�	�	PROPN
cjfa-33342	69	46	�	�	PROPN
cjfa-33342	69	47	�	�	PROPN
cjfa-33342	69	48	(	(	PUNCT
cjfa-33342	69	49	�	�	PROPN
cjfa-33342	69	50	)	)	PUNCT
cjfa-33342	69	51	�	�	PROPN
cjfa-33342	69	52	(	(	PUNCT
cjfa-33342	69	53	𝑡	𝑡	PROPN
cjfa-33342	69	54	)	)	PUNCT
cjfa-33342	69	55	the	the	DET
cjfa-33342	69	56	future	future	ADJ
cjfa-33342	69	57	short	short	ADJ
cjfa-33342	69	58	rates	rate	NOUN
cjfa-33342	69	59	in	in	ADP
cjfa-33342	69	60	that	that	DET
cjfa-33342	69	61	equilibrium	equilibrium	NOUN
cjfa-33342	69	62	context	context	NOUN
cjfa-33342	69	63	are	be	AUX
cjfa-33342	69	64	called	call	VERB
cjfa-33342	69	65	the	the	DET
cjfa-33342	69	66	implicit	implicit	ADJ
cjfa-33342	69	67	forward	forward	ADJ
cjfa-33342	69	68	rates	rate	NOUN
cjfa-33342	69	69	.	.	PUNCT
cjfa-33342	70	1	considering	consider	VERB
cjfa-33342	70	2	the	the	DET
cjfa-33342	70	3	fact	fact	NOUN
cjfa-33342	70	4	that	that	SCONJ
cjfa-33342	70	5	lim	lim	PROPN
cjfa-33342	70	6	�	�	PROPN
cjfa-33342	70	7	�	�	PROPN
cjfa-33342	70	8	�	�	PROPN
cjfa-33342	70	9	ln(1	ln(1	PROPN
cjfa-33342	70	10	+	+	CCONJ
cjfa-33342	70	11	x	x	X
cjfa-33342	70	12	)	)	PUNCT
cjfa-33342	70	13	=	=	SYM
cjfa-33342	70	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	70	15	,	,	PUNCT
cjfa-33342	70	16	sargent	sargent	PROPN
cjfa-33342	70	17	(	(	PUNCT
cjfa-33342	70	18	1972	1972	NUM
cjfa-33342	70	19	)	)	PUNCT
cjfa-33342	70	20	rewrite	rewrite	VERB
cjfa-33342	70	21	it	it	PRON
cjfa-33342	70	22	as	as	SCONJ
cjfa-33342	70	23	follows	follow	VERB
cjfa-33342	70	24	:	:	PUNCT
cjfa-33342	70	25	r	r	X
cjfa-33342	70	26	�	�	PROPN
cjfa-33342	70	27	(	(	PUNCT
cjfa-33342	70	28	�	�	PROPN
cjfa-33342	70	29	)	)	PUNCT
cjfa-33342	70	30	=	=	SYM
cjfa-33342	70	31	1	1	NUM
cjfa-33342	70	32	n	n	PRON
cjfa-33342	70	33	�	�	PROPN
cjfa-33342	70	34	r	r	NOUN
cjfa-33342	70	35	�	�	PROPN
cjfa-33342	70	36	�	�	PROPN
cjfa-33342	70	37	�	�	PROPN
cjfa-33342	70	38	(	(	PUNCT
cjfa-33342	70	39	�	�	PROPN
cjfa-33342	70	40	)	)	PUNCT
cjfa-33342	70	41	�	�	PROPN
cjfa-33342	70	42	�	�	PROPN
cjfa-33342	70	43	�	�	PROPN
cjfa-33342	70	44	�	�	PROPN
cjfa-33342	70	45	�	�	PROPN
cjfa-33342	70	46	�	�	PROPN
cjfa-33342	70	47	(	(	PUNCT
cjfa-33342	70	48	𝑡	𝑡	PROPN
cjfa-33342	70	49	)	)	PUNCT
cjfa-33342	70	50	this	this	PRON
cjfa-33342	70	51	is	be	AUX
cjfa-33342	70	52	to	to	PART
cjfa-33342	70	53	say	say	VERB
cjfa-33342	70	54	that	that	SCONJ
cjfa-33342	70	55	the	the	DET
cjfa-33342	70	56	long	long	ADJ
cjfa-33342	70	57	-	-	PUNCT
cjfa-33342	70	58	term	term	NOUN
cjfa-33342	70	59	yield	yield	NOUN
cjfa-33342	70	60	is	be	AUX
cjfa-33342	70	61	a	a	DET
cjfa-33342	70	62	portfolio	portfolio	NOUN
cjfa-33342	70	63	of	of	ADP
cjfa-33342	70	64	short	short	ADJ
cjfa-33342	70	65	term	term	NOUN
cjfa-33342	70	66	yield	yield	NOUN
cjfa-33342	70	67	of	of	ADP
cjfa-33342	70	68	the	the	DET
cjfa-33342	70	69	same	same	ADJ
cjfa-33342	70	70	maturity	maturity	NOUN
cjfa-33342	70	71	and	and	CCONJ
cjfa-33342	70	72	equivalent	equivalent	ADJ
cjfa-33342	70	73	weight	weight	NOUN
cjfa-33342	70	74	.	.	PUNCT
cjfa-33342	71	1	lutz	lutz	PROPN
cjfa-33342	71	2	(	(	PUNCT
cjfa-33342	71	3	1940	1940	NUM
cjfa-33342	71	4	)	)	PUNCT
cjfa-33342	71	5	was	be	AUX
cjfa-33342	71	6	criticised	criticise	VERB
cjfa-33342	71	7	on	on	ADP
cjfa-33342	71	8	the	the	DET
cjfa-33342	71	9	fact	fact	NOUN
cjfa-33342	71	10	that	that	SCONJ
cjfa-33342	71	11	he	he	PRON
cjfa-33342	71	12	assumed	assume	VERB
cjfa-33342	71	13	that	that	SCONJ
cjfa-33342	71	14	operators	operator	NOUN
cjfa-33342	71	15	are	be	AUX
cjfa-33342	71	16	gods	god	NOUN
cjfa-33342	71	17	alike	alike	ADV
cjfa-33342	71	18	,	,	PUNCT
cjfa-33342	71	19	knowing	know	VERB
cjfa-33342	71	20	with	with	ADP
cjfa-33342	71	21	certainty	certainty	NOUN
cjfa-33342	71	22	all	all	DET
cjfa-33342	71	23	the	the	DET
cjfa-33342	71	24	future	future	ADJ
cjfa-33342	71	25	short	short	ADJ
cjfa-33342	71	26	interest	interest	NOUN
cjfa-33342	71	27	rates	rate	NOUN
cjfa-33342	71	28	.	.	PUNCT
cjfa-33342	72	1	since	since	SCONJ
cjfa-33342	72	2	this	this	PRON
cjfa-33342	72	3	is	be	AUX
cjfa-33342	72	4	not	not	PART
cjfa-33342	72	5	true	true	ADJ
cjfa-33342	72	6	,	,	PUNCT
cjfa-33342	72	7	is	be	AUX
cjfa-33342	72	8	the	the	DET
cjfa-33342	72	9	current	current	ADJ
cjfa-33342	72	10	short	short	ADJ
cjfa-33342	72	11	rate	rate	NOUN
cjfa-33342	72	12	,	,	PUNCT
cjfa-33342	72	13	and	and	CCONJ
cjfa-33342	72	14	rates	rate	NOUN
cjfa-33342	72	15	.	.	PUNCT
cjfa-33342	73	1	the	the	DET
cjfa-33342	73	2	third	third	ADJ
cjfa-33342	73	3	section	section	NOUN
cjfa-33342	73	4	presents	present	VERB
cjfa-33342	73	5	the	the	DET
cjfa-33342	73	6	research	research	NOUN
cjfa-33342	73	7	methodology	methodology	NOUN
cjfa-33342	73	8	and	and	CCONJ
cjfa-33342	73	9	the	the	DET
cjfa-33342	73	10	course	course	NOUN
cjfa-33342	73	11	of	of	ADP
cjfa-33342	73	12	the	the	DET
cjfa-33342	73	13	research	research	NOUN
cjfa-33342	73	14	process	process	NOUN
cjfa-33342	73	15	,	,	PUNCT
cjfa-33342	73	16	the	the	DET
cjfa-33342	73	17	fourth	fourth	ADJ
cjfa-33342	73	18	presents	present	VERB
cjfa-33342	73	19	the	the	DET
cjfa-33342	73	20	results	result	NOUN
cjfa-33342	73	21	and	and	CCONJ
cjfa-33342	73	22	discussions	discussion	NOUN
cjfa-33342	73	23	,	,	PUNCT
cjfa-33342	73	24	and	and	CCONJ
cjfa-33342	73	25	the	the	DET
cjfa-33342	73	26	sixth	sixth	ADJ
cjfa-33342	73	27	section	section	NOUN
cjfa-33342	73	28	presents	present	VERB
cjfa-33342	73	29	the	the	DET
cjfa-33342	73	30	conclusion	conclusion	NOUN
cjfa-33342	73	31	.	.	PUNCT
cjfa-33342	74	1	literature	literature	NOUN
cjfa-33342	74	2	review	review	VERB
cjfa-33342	74	3	theoretical	theoretical	ADJ
cjfa-33342	74	4	framework	framework	NOUN
cjfa-33342	74	5	of	of	ADP
cjfa-33342	74	6	interest	interest	NOUN
cjfa-33342	74	7	rate	rate	NOUN
cjfa-33342	74	8	predictability	predictability	NOUN
cjfa-33342	74	9	through	through	ADP
cjfa-33342	74	10	the	the	DET
cjfa-33342	74	11	term	term	NOUN
cjfa-33342	74	12	structure	structure	NOUN
cjfa-33342	74	13	of	of	ADP
cjfa-33342	74	14	interest	interest	NOUN
cjfa-33342	74	15	rates	rate	NOUN
cjfa-33342	74	16	the	the	DET
cjfa-33342	74	17	term	term	NOUN
cjfa-33342	74	18	structure	structure	NOUN
cjfa-33342	74	19	of	of	ADP
cjfa-33342	74	20	interest	interest	NOUN
cjfa-33342	74	21	rate	rate	NOUN
cjfa-33342	74	22	was	be	AUX
cjfa-33342	74	23	first	first	ADV
cjfa-33342	74	24	describes	describe	NOUN
cjfa-33342	74	25	by	by	ADP
cjfa-33342	74	26	fisher	fisher	PROPN
cjfa-33342	74	27	(	(	PUNCT
cjfa-33342	74	28	1896	1896	NUM
cjfa-33342	74	29	)	)	PUNCT
cjfa-33342	74	30	,	,	PUNCT
cjfa-33342	74	31	who	who	PRON
cjfa-33342	74	32	proposed	propose	VERB
cjfa-33342	74	33	a	a	DET
cjfa-33342	74	34	mathematical	mathematical	ADJ
cjfa-33342	74	35	equality	equality	NOUN
cjfa-33342	74	36	between	between	ADP
cjfa-33342	74	37	the	the	DET
cjfa-33342	74	38	yield	yield	NOUN
cjfa-33342	74	39	of	of	ADP
cjfa-33342	74	40	a	a	DET
cjfa-33342	74	41	long	long	ADJ
cjfa-33342	74	42	term	term	NOUN
cjfa-33342	74	43	security	security	NOUN
cjfa-33342	74	44	and	and	CCONJ
cjfa-33342	74	45	the	the	DET
cjfa-33342	74	46	total	total	ADJ
cjfa-33342	74	47	yield	yield	NOUN
cjfa-33342	74	48	of	of	ADP
cjfa-33342	74	49	short	short	ADJ
cjfa-33342	74	50	term	term	NOUN
cjfa-33342	74	51	securities	security	NOUN
cjfa-33342	74	52	,	,	PUNCT
cjfa-33342	74	53	along	along	ADP
cjfa-33342	74	54	the	the	DET
cjfa-33342	74	55	long	long	ADJ
cjfa-33342	74	56	term	term	NOUN
cjfa-33342	74	57	maturity	maturity	NOUN
cjfa-33342	74	58	.	.	PUNCT
cjfa-33342	75	1	but	but	CCONJ
cjfa-33342	75	2	his	his	PRON
cjfa-33342	75	3	theory	theory	NOUN
cjfa-33342	75	4	was	be	AUX
cjfa-33342	75	5	formalised	formalise	VERB
cjfa-33342	75	6	by	by	ADP
cjfa-33342	75	7	lutz	lutz	NOUN
cjfa-33342	75	8	(	(	PUNCT
cjfa-33342	75	9	1940	1940	NUM
cjfa-33342	75	10	)	)	PUNCT
cjfa-33342	75	11	in	in	ADP
cjfa-33342	75	12	his	his	PRON
cjfa-33342	75	13	expectations	expectation	NOUN
cjfa-33342	75	14	theory	theory	NOUN
cjfa-33342	75	15	.	.	PUNCT
cjfa-33342	76	1	lutz	lutz	PROPN
cjfa-33342	76	2	(	(	PUNCT
cjfa-33342	76	3	1940	1940	NUM
cjfa-33342	76	4	)	)	PUNCT
cjfa-33342	76	5	described	describe	VERB
cjfa-33342	76	6	operators	operator	NOUN
cjfa-33342	76	7	in	in	ADP
cjfa-33342	76	8	the	the	DET
cjfa-33342	76	9	capital	capital	NOUN
cjfa-33342	76	10	market	market	NOUN
cjfa-33342	76	11	as	as	ADP
cjfa-33342	76	12	insatiable	insatiable	ADJ
cjfa-33342	76	13	and	and	CCONJ
cjfa-33342	76	14	motivated	motivate	VERB
cjfa-33342	76	15	by	by	ADP
cjfa-33342	76	16	a	a	DET
cjfa-33342	76	17	single	single	ADJ
cjfa-33342	76	18	goal	goal	NOUN
cjfa-33342	76	19	:	:	PUNCT
cjfa-33342	76	20	profit	profit	NOUN
cjfa-33342	76	21	maximisation	maximisation	NOUN
cjfa-33342	76	22	.	.	PUNCT
cjfa-33342	77	1	in	in	ADP
cjfa-33342	77	2	this	this	DET
cjfa-33342	77	3	context	context	NOUN
cjfa-33342	77	4	,	,	PUNCT
cjfa-33342	77	5	they	they	PRON
cjfa-33342	77	6	would	would	AUX
cjfa-33342	77	7	try	try	VERB
cjfa-33342	77	8	to	to	PART
cjfa-33342	77	9	take	take	VERB
cjfa-33342	77	10	advantages	advantage	NOUN
cjfa-33342	77	11	of	of	ADP
cjfa-33342	77	12	any	any	DET
cjfa-33342	77	13	arbitrage	arbitrage	NOUN
cjfa-33342	77	14	opportunities	opportunity	NOUN
cjfa-33342	77	15	offered	offer	VERB
cjfa-33342	77	16	by	by	ADP
cjfa-33342	77	17	a	a	DET
cjfa-33342	77	18	market	market	NOUN
cjfa-33342	77	19	in	in	ADP
cjfa-33342	77	20	a	a	DET
cjfa-33342	77	21	situation	situation	NOUN
cjfa-33342	77	22	of	of	ADP
cjfa-33342	77	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	77	24	,	,	PUNCT
cjfa-33342	77	25	that	that	PRON
cjfa-33342	77	26	is	be	AUX
cjfa-33342	77	27	a	a	DET
cjfa-33342	77	28	market	market	NOUN
cjfa-33342	77	29	where	where	SCONJ
cjfa-33342	77	30	:	:	PUNCT
cjfa-33342	77	31	(	(	PUNCT
cjfa-33342	77	32	1	1	NUM
cjfa-33342	77	33	+	+	CCONJ
cjfa-33342	77	34	r	r	NOUN
cjfa-33342	77	35	�	�	PROPN
cjfa-33342	77	36	(	(	PUNCT
cjfa-33342	77	37	�	�	PROPN
cjfa-33342	77	38	)	)	PUNCT
cjfa-33342	77	39	)	)	PUNCT
cjfa-33342	77	40	�	�	PROPN
cjfa-33342	77	41	≠	≠	PROPN
cjfa-33342	77	42	�	�	PROPN
cjfa-33342	77	43	1	1	NUM
cjfa-33342	77	44	+	+	CCONJ
cjfa-33342	77	45	r	r	PROPN
cjfa-33342	77	46	�	�	PROPN
cjfa-33342	77	47	(	(	PUNCT
cjfa-33342	77	48	�	�	NOUN
cjfa-33342	77	49	)	)	PUNCT
cjfa-33342	77	50	�	�	PROPN
cjfa-33342	77	51	�	�	PROPN
cjfa-33342	77	52	1	1	NUM
cjfa-33342	77	53	+	+	CCONJ
cjfa-33342	77	54	r	r	PROPN
cjfa-33342	77	55	�	�	PROPN
cjfa-33342	77	56	�	�	PROPN
cjfa-33342	77	57	�	�	PROPN
cjfa-33342	77	58	(	(	PUNCT
cjfa-33342	77	59	�	�	PROPN
cjfa-33342	77	60	)	)	PUNCT
cjfa-33342	77	61	�	�	PROPN
cjfa-33342	77	62	…	…	SYM
cjfa-33342	77	63	�	�	NOUN
cjfa-33342	77	64	1	1	NUM
cjfa-33342	77	65	+	+	CCONJ
cjfa-33342	77	66	r	r	PROPN
cjfa-33342	77	67	�	�	PROPN
cjfa-33342	77	68	�	�	PROPN
cjfa-33342	77	69	�	�	PROPN
cjfa-33342	77	70	(	(	PUNCT
cjfa-33342	77	71	�	�	PROPN
cjfa-33342	77	72	)	)	PUNCT
cjfa-33342	77	73	�	�	PROPN
cjfa-33342	77	74	(	(	PUNCT
cjfa-33342	77	75	1	1	NUM
cjfa-33342	77	76	)	)	PUNCT
cjfa-33342	77	77	where	where	SCONJ
cjfa-33342	77	78	r	r	NOUN
cjfa-33342	77	79	�	�	PROPN
cjfa-33342	77	80	(	(	PUNCT
cjfa-33342	77	81	�	�	PROPN
cjfa-33342	77	82	)	)	PUNCT
cjfa-33342	77	83	is	be	AUX
cjfa-33342	77	84	the	the	DET
cjfa-33342	77	85	long	long	ADJ
cjfa-33342	77	86	term	term	NOUN
cjfa-33342	77	87	rate	rate	NOUN
cjfa-33342	77	88	of	of	ADP
cjfa-33342	77	89	maturity	maturity	NOUN
cjfa-33342	77	90	n	n	CCONJ
cjfa-33342	77	91	,	,	PUNCT
cjfa-33342	77	92	and	and	CCONJ
cjfa-33342	77	93	r	r	X
cjfa-33342	77	94	�	�	PROPN
cjfa-33342	77	95	(	(	PUNCT
cjfa-33342	77	96	�	�	PROPN
cjfa-33342	77	97	)	)	PUNCT
cjfa-33342	77	98	is	be	AUX
cjfa-33342	77	99	the	the	DET
cjfa-33342	77	100	current	current	ADJ
cjfa-33342	77	101	short	short	ADJ
cjfa-33342	77	102	rate	rate	NOUN
cjfa-33342	77	103	,	,	PUNCT
cjfa-33342	77	104	and	and	CCONJ
cjfa-33342	77	105	r	r	NOUN
cjfa-33342	77	106	�	�	PROPN
cjfa-33342	77	107	�	�	PROPN
cjfa-33342	77	108	�	�	PROPN
cjfa-33342	77	109	(	(	PUNCT
cjfa-33342	77	110	�	�	PROPN
cjfa-33342	77	111	)	)	PUNCT
cjfa-33342	77	112	is	be	AUX
cjfa-33342	77	113	the	the	DET
cjfa-33342	77	114	future	future	ADJ
cjfa-33342	77	115	rate	rate	NOUN
cjfa-33342	77	116	at	at	ADP
cjfa-33342	77	117	time	time	NOUN
cjfa-33342	78	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	79	1	+	+	NUM
cjfa-33342	79	2	1𝑡	1𝑡	NOUN
cjfa-33342	79	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	79	4	+	+	CCONJ
cjfa-33342	79	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	79	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	79	7	+	+	CCONJ
cjfa-33342	79	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	79	9	…	…	PUNCT
cjfa-33342	79	10	𝑡	𝑡	X
cjfa-33342	79	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	79	12	+	+	CCONJ
cjfa-33342	79	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	79	14	lutz	lutz	NOUN
cjfa-33342	79	15	(	(	PUNCT
cjfa-33342	79	16	1940	1940	NUM
cjfa-33342	79	17	)	)	PUNCT
cjfa-33342	79	18	suggested	suggest	VERB
cjfa-33342	79	19	that	that	SCONJ
cjfa-33342	79	20	,	,	PUNCT
cjfa-33342	79	21	while	while	SCONJ
cjfa-33342	79	22	they	they	PRON
cjfa-33342	79	23	are	be	AUX
cjfa-33342	79	24	trying	try	VERB
cjfa-33342	79	25	to	to	PART
cjfa-33342	79	26	take	take	VERB
cjfa-33342	79	27	advantage	advantage	NOUN
cjfa-33342	79	28	of	of	ADP
cjfa-33342	79	29	this	this	DET
cjfa-33342	79	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	79	31	situation	situation	NOUN
cjfa-33342	79	32	,	,	PUNCT
cjfa-33342	79	33	operators	operator	NOUN
cjfa-33342	79	34	on	on	ADP
cjfa-33342	79	35	the	the	DET
cjfa-33342	79	36	capital	capital	NOUN
cjfa-33342	79	37	market	market	NOUN
cjfa-33342	79	38	will	will	AUX
cjfa-33342	79	39	contribute	contribute	VERB
cjfa-33342	79	40	to	to	PART
cjfa-33342	79	41	bring	bring	VERB
cjfa-33342	79	42	the	the	DET
cjfa-33342	79	43	market	market	NOUN
cjfa-33342	79	44	back	back	ADV
cjfa-33342	79	45	in	in	ADP
cjfa-33342	79	46	a	a	DET
cjfa-33342	79	47	situation	situation	NOUN
cjfa-33342	79	48	of	of	ADP
cjfa-33342	79	49	general	general	ADJ
cjfa-33342	79	50	equilibrium	equilibrium	NOUN
cjfa-33342	79	51	.	.	PUNCT
cjfa-33342	80	1	the	the	DET
cjfa-33342	80	2	general	general	ADJ
cjfa-33342	80	3	equilibrium	equilibrium	NOUN
cjfa-33342	80	4	equation	equation	NOUN
cjfa-33342	80	5	is	be	AUX
cjfa-33342	80	6	as	as	SCONJ
cjfa-33342	80	7	follows	follow	VERB
cjfa-33342	80	8	:	:	PUNCT
cjfa-33342	80	9	(	(	PUNCT
cjfa-33342	80	10	1	1	NUM
cjfa-33342	80	11	+	+	CCONJ
cjfa-33342	80	12	r	r	NOUN
cjfa-33342	80	13	�	�	PROPN
cjfa-33342	80	14	(	(	PUNCT
cjfa-33342	80	15	�	�	PROPN
cjfa-33342	80	16	)	)	PUNCT
cjfa-33342	80	17	)	)	PUNCT
cjfa-33342	80	18	�	�	PROPN
cjfa-33342	80	19	=	=	SYM
cjfa-33342	80	20	�	�	PROPN
cjfa-33342	80	21	1	1	NUM
cjfa-33342	80	22	+	+	CCONJ
cjfa-33342	80	23	r	r	PROPN
cjfa-33342	80	24	�	�	PROPN
cjfa-33342	80	25	(	(	PUNCT
cjfa-33342	80	26	�	�	NOUN
cjfa-33342	80	27	)	)	PUNCT
cjfa-33342	80	28	�	�	PROPN
cjfa-33342	80	29	�	�	PROPN
cjfa-33342	80	30	1	1	NUM
cjfa-33342	80	31	+	+	CCONJ
cjfa-33342	80	32	r	r	PROPN
cjfa-33342	80	33	�	�	PROPN
cjfa-33342	80	34	�	�	PROPN
cjfa-33342	80	35	�	�	PROPN
cjfa-33342	80	36	(	(	PUNCT
cjfa-33342	80	37	�	�	PROPN
cjfa-33342	80	38	)	)	PUNCT
cjfa-33342	80	39	�	�	PROPN
cjfa-33342	80	40	…	…	SYM
cjfa-33342	80	41	�	�	NOUN
cjfa-33342	80	42	1	1	NUM
cjfa-33342	80	43	+	+	CCONJ
cjfa-33342	80	44	r	r	PROPN
cjfa-33342	80	45	�	�	PROPN
cjfa-33342	80	46	�	�	PROPN
cjfa-33342	80	47	�	�	PROPN
cjfa-33342	80	48	(	(	PUNCT
cjfa-33342	80	49	�	�	PROPN
cjfa-33342	80	50	)	)	PUNCT
cjfa-33342	80	51	�	�	PROPN
cjfa-33342	80	52	(	(	PUNCT
cjfa-33342	80	53	𝑡	𝑡	PROPN
cjfa-33342	80	54	)	)	PUNCT
cjfa-33342	80	55	the	the	DET
cjfa-33342	80	56	future	future	ADJ
cjfa-33342	80	57	short	short	ADJ
cjfa-33342	80	58	rates	rate	NOUN
cjfa-33342	80	59	in	in	ADP
cjfa-33342	80	60	that	that	DET
cjfa-33342	80	61	equilibrium	equilibrium	NOUN
cjfa-33342	80	62	context	context	NOUN
cjfa-33342	80	63	are	be	AUX
cjfa-33342	80	64	called	call	VERB
cjfa-33342	80	65	the	the	DET
cjfa-33342	80	66	implicit	implicit	ADJ
cjfa-33342	80	67	forward	forward	ADJ
cjfa-33342	80	68	rates	rate	NOUN
cjfa-33342	80	69	.	.	PUNCT
cjfa-33342	81	1	considering	consider	VERB
cjfa-33342	81	2	the	the	DET
cjfa-33342	81	3	fact	fact	NOUN
cjfa-33342	81	4	that	that	SCONJ
cjfa-33342	81	5	lim	lim	PROPN
cjfa-33342	81	6	�	�	PROPN
cjfa-33342	81	7	�	�	PROPN
cjfa-33342	81	8	�	�	PROPN
cjfa-33342	81	9	ln(1	ln(1	PROPN
cjfa-33342	81	10	+	+	CCONJ
cjfa-33342	81	11	x	x	X
cjfa-33342	81	12	)	)	PUNCT
cjfa-33342	81	13	=	=	SYM
cjfa-33342	81	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	81	15	,	,	PUNCT
cjfa-33342	81	16	sargent	sargent	PROPN
cjfa-33342	81	17	(	(	PUNCT
cjfa-33342	81	18	1972	1972	NUM
cjfa-33342	81	19	)	)	PUNCT
cjfa-33342	81	20	rewrite	rewrite	VERB
cjfa-33342	81	21	it	it	PRON
cjfa-33342	81	22	as	as	SCONJ
cjfa-33342	81	23	follows	follow	VERB
cjfa-33342	81	24	:	:	PUNCT
cjfa-33342	81	25	r	r	X
cjfa-33342	81	26	�	�	PROPN
cjfa-33342	81	27	(	(	PUNCT
cjfa-33342	81	28	�	�	PROPN
cjfa-33342	81	29	)	)	PUNCT
cjfa-33342	81	30	=	=	SYM
cjfa-33342	81	31	1	1	NUM
cjfa-33342	81	32	n	n	PRON
cjfa-33342	81	33	�	�	PROPN
cjfa-33342	81	34	r	r	NOUN
cjfa-33342	81	35	�	�	PROPN
cjfa-33342	81	36	�	�	PROPN
cjfa-33342	81	37	�	�	PROPN
cjfa-33342	81	38	(	(	PUNCT
cjfa-33342	81	39	�	�	PROPN
cjfa-33342	81	40	)	)	PUNCT
cjfa-33342	81	41	�	�	PROPN
cjfa-33342	81	42	�	�	PROPN
cjfa-33342	81	43	�	�	PROPN
cjfa-33342	81	44	�	�	PROPN
cjfa-33342	81	45	�	�	PROPN
cjfa-33342	81	46	�	�	PROPN
cjfa-33342	81	47	(	(	PUNCT
cjfa-33342	81	48	𝑡	𝑡	PROPN
cjfa-33342	81	49	)	)	PUNCT
cjfa-33342	81	50	this	this	PRON
cjfa-33342	81	51	is	be	AUX
cjfa-33342	81	52	to	to	PART
cjfa-33342	81	53	say	say	VERB
cjfa-33342	81	54	that	that	SCONJ
cjfa-33342	81	55	the	the	DET
cjfa-33342	81	56	long	long	ADJ
cjfa-33342	81	57	-	-	PUNCT
cjfa-33342	81	58	term	term	NOUN
cjfa-33342	81	59	yield	yield	NOUN
cjfa-33342	81	60	is	be	AUX
cjfa-33342	81	61	a	a	DET
cjfa-33342	81	62	portfolio	portfolio	NOUN
cjfa-33342	81	63	of	of	ADP
cjfa-33342	81	64	short	short	ADJ
cjfa-33342	81	65	term	term	NOUN
cjfa-33342	81	66	yield	yield	NOUN
cjfa-33342	81	67	of	of	ADP
cjfa-33342	81	68	the	the	DET
cjfa-33342	81	69	same	same	ADJ
cjfa-33342	81	70	maturity	maturity	NOUN
cjfa-33342	81	71	and	and	CCONJ
cjfa-33342	81	72	equivalent	equivalent	ADJ
cjfa-33342	81	73	weight	weight	NOUN
cjfa-33342	81	74	.	.	PUNCT
cjfa-33342	82	1	lutz	lutz	PROPN
cjfa-33342	82	2	(	(	PUNCT
cjfa-33342	82	3	1940	1940	NUM
cjfa-33342	82	4	)	)	PUNCT
cjfa-33342	82	5	was	be	AUX
cjfa-33342	82	6	criticised	criticise	VERB
cjfa-33342	82	7	on	on	ADP
cjfa-33342	82	8	the	the	DET
cjfa-33342	82	9	fact	fact	NOUN
cjfa-33342	82	10	that	that	SCONJ
cjfa-33342	82	11	he	he	PRON
cjfa-33342	82	12	assumed	assume	VERB
cjfa-33342	82	13	that	that	SCONJ
cjfa-33342	82	14	operators	operator	NOUN
cjfa-33342	82	15	are	be	AUX
cjfa-33342	82	16	gods	god	NOUN
cjfa-33342	82	17	alike	alike	ADV
cjfa-33342	82	18	,	,	PUNCT
cjfa-33342	82	19	knowing	know	VERB
cjfa-33342	82	20	with	with	ADP
cjfa-33342	82	21	certainty	certainty	NOUN
cjfa-33342	82	22	all	all	DET
cjfa-33342	82	23	the	the	DET
cjfa-33342	82	24	future	future	ADJ
cjfa-33342	82	25	short	short	ADJ
cjfa-33342	82	26	interest	interest	NOUN
cjfa-33342	82	27	rates	rate	NOUN
cjfa-33342	82	28	.	.	PUNCT
cjfa-33342	83	1	since	since	SCONJ
cjfa-33342	83	2	this	this	PRON
cjfa-33342	83	3	is	be	AUX
cjfa-33342	83	4	not	not	PART
cjfa-33342	83	5	true	true	ADJ
cjfa-33342	83	6	,	,	PUNCT
cjfa-33342	83	7	is	be	AUX
cjfa-33342	83	8	the	the	DET
cjfa-33342	83	9	future	future	ADJ
cjfa-33342	83	10	rate	rate	NOUN
cjfa-33342	83	11	at	at	ADP
cjfa-33342	83	12	time	time	NOUN
cjfa-33342	83	13	rates	rate	NOUN
cjfa-33342	83	14	.	.	PUNCT
cjfa-33342	84	1	the	the	DET
cjfa-33342	84	2	third	third	ADJ
cjfa-33342	84	3	section	section	NOUN
cjfa-33342	84	4	presents	present	VERB
cjfa-33342	84	5	the	the	DET
cjfa-33342	84	6	research	research	NOUN
cjfa-33342	84	7	methodology	methodology	NOUN
cjfa-33342	84	8	and	and	CCONJ
cjfa-33342	84	9	the	the	DET
cjfa-33342	84	10	course	course	NOUN
cjfa-33342	84	11	of	of	ADP
cjfa-33342	84	12	the	the	DET
cjfa-33342	84	13	research	research	NOUN
cjfa-33342	84	14	process	process	NOUN
cjfa-33342	84	15	,	,	PUNCT
cjfa-33342	84	16	the	the	DET
cjfa-33342	84	17	fourth	fourth	ADJ
cjfa-33342	84	18	presents	present	VERB
cjfa-33342	84	19	the	the	DET
cjfa-33342	84	20	results	result	NOUN
cjfa-33342	84	21	and	and	CCONJ
cjfa-33342	84	22	discussions	discussion	NOUN
cjfa-33342	84	23	,	,	PUNCT
cjfa-33342	84	24	and	and	CCONJ
cjfa-33342	84	25	the	the	DET
cjfa-33342	84	26	sixth	sixth	ADJ
cjfa-33342	84	27	section	section	NOUN
cjfa-33342	84	28	presents	present	VERB
cjfa-33342	84	29	the	the	DET
cjfa-33342	84	30	conclusion	conclusion	NOUN
cjfa-33342	84	31	.	.	PUNCT
cjfa-33342	85	1	literature	literature	NOUN
cjfa-33342	85	2	review	review	VERB
cjfa-33342	85	3	theoretical	theoretical	ADJ
cjfa-33342	85	4	framework	framework	NOUN
cjfa-33342	85	5	of	of	ADP
cjfa-33342	85	6	interest	interest	NOUN
cjfa-33342	85	7	rate	rate	NOUN
cjfa-33342	85	8	predictability	predictability	NOUN
cjfa-33342	85	9	through	through	ADP
cjfa-33342	85	10	the	the	DET
cjfa-33342	85	11	term	term	NOUN
cjfa-33342	85	12	structure	structure	NOUN
cjfa-33342	85	13	of	of	ADP
cjfa-33342	85	14	interest	interest	NOUN
cjfa-33342	85	15	rates	rate	NOUN
cjfa-33342	85	16	the	the	DET
cjfa-33342	85	17	term	term	NOUN
cjfa-33342	85	18	structure	structure	NOUN
cjfa-33342	85	19	of	of	ADP
cjfa-33342	85	20	interest	interest	NOUN
cjfa-33342	85	21	rate	rate	NOUN
cjfa-33342	85	22	was	be	AUX
cjfa-33342	85	23	first	first	ADV
cjfa-33342	85	24	describes	describe	NOUN
cjfa-33342	85	25	by	by	ADP
cjfa-33342	85	26	fisher	fisher	PROPN
cjfa-33342	85	27	(	(	PUNCT
cjfa-33342	85	28	1896	1896	NUM
cjfa-33342	85	29	)	)	PUNCT
cjfa-33342	85	30	,	,	PUNCT
cjfa-33342	85	31	who	who	PRON
cjfa-33342	85	32	proposed	propose	VERB
cjfa-33342	85	33	a	a	DET
cjfa-33342	85	34	mathematical	mathematical	ADJ
cjfa-33342	85	35	equality	equality	NOUN
cjfa-33342	85	36	between	between	ADP
cjfa-33342	85	37	the	the	DET
cjfa-33342	85	38	yield	yield	NOUN
cjfa-33342	85	39	of	of	ADP
cjfa-33342	85	40	a	a	DET
cjfa-33342	85	41	long	long	ADJ
cjfa-33342	85	42	term	term	NOUN
cjfa-33342	85	43	security	security	NOUN
cjfa-33342	85	44	and	and	CCONJ
cjfa-33342	85	45	the	the	DET
cjfa-33342	85	46	total	total	ADJ
cjfa-33342	85	47	yield	yield	NOUN
cjfa-33342	85	48	of	of	ADP
cjfa-33342	85	49	short	short	ADJ
cjfa-33342	85	50	term	term	NOUN
cjfa-33342	85	51	securities	security	NOUN
cjfa-33342	85	52	,	,	PUNCT
cjfa-33342	85	53	along	along	ADP
cjfa-33342	85	54	the	the	DET
cjfa-33342	85	55	long	long	ADJ
cjfa-33342	85	56	term	term	NOUN
cjfa-33342	85	57	maturity	maturity	NOUN
cjfa-33342	85	58	.	.	PUNCT
cjfa-33342	86	1	but	but	CCONJ
cjfa-33342	86	2	his	his	PRON
cjfa-33342	86	3	theory	theory	NOUN
cjfa-33342	86	4	was	be	AUX
cjfa-33342	86	5	formalised	formalise	VERB
cjfa-33342	86	6	by	by	ADP
cjfa-33342	86	7	lutz	lutz	NOUN
cjfa-33342	86	8	(	(	PUNCT
cjfa-33342	86	9	1940	1940	NUM
cjfa-33342	86	10	)	)	PUNCT
cjfa-33342	86	11	in	in	ADP
cjfa-33342	86	12	his	his	PRON
cjfa-33342	86	13	expectations	expectation	NOUN
cjfa-33342	86	14	theory	theory	NOUN
cjfa-33342	86	15	.	.	PUNCT
cjfa-33342	87	1	lutz	lutz	PROPN
cjfa-33342	87	2	(	(	PUNCT
cjfa-33342	87	3	1940	1940	NUM
cjfa-33342	87	4	)	)	PUNCT
cjfa-33342	87	5	described	describe	VERB
cjfa-33342	87	6	operators	operator	NOUN
cjfa-33342	87	7	in	in	ADP
cjfa-33342	87	8	the	the	DET
cjfa-33342	87	9	capital	capital	NOUN
cjfa-33342	87	10	market	market	NOUN
cjfa-33342	87	11	as	as	ADP
cjfa-33342	87	12	insatiable	insatiable	ADJ
cjfa-33342	87	13	and	and	CCONJ
cjfa-33342	87	14	motivated	motivate	VERB
cjfa-33342	87	15	by	by	ADP
cjfa-33342	87	16	a	a	DET
cjfa-33342	87	17	single	single	ADJ
cjfa-33342	87	18	goal	goal	NOUN
cjfa-33342	87	19	:	:	PUNCT
cjfa-33342	87	20	profit	profit	NOUN
cjfa-33342	87	21	maximisation	maximisation	NOUN
cjfa-33342	87	22	.	.	PUNCT
cjfa-33342	88	1	in	in	ADP
cjfa-33342	88	2	this	this	DET
cjfa-33342	88	3	context	context	NOUN
cjfa-33342	88	4	,	,	PUNCT
cjfa-33342	88	5	they	they	PRON
cjfa-33342	88	6	would	would	AUX
cjfa-33342	88	7	try	try	VERB
cjfa-33342	88	8	to	to	PART
cjfa-33342	88	9	take	take	VERB
cjfa-33342	88	10	advantages	advantage	NOUN
cjfa-33342	88	11	of	of	ADP
cjfa-33342	88	12	any	any	DET
cjfa-33342	88	13	arbitrage	arbitrage	NOUN
cjfa-33342	88	14	opportunities	opportunity	NOUN
cjfa-33342	88	15	offered	offer	VERB
cjfa-33342	88	16	by	by	ADP
cjfa-33342	88	17	a	a	DET
cjfa-33342	88	18	market	market	NOUN
cjfa-33342	88	19	in	in	ADP
cjfa-33342	88	20	a	a	DET
cjfa-33342	88	21	situation	situation	NOUN
cjfa-33342	88	22	of	of	ADP
cjfa-33342	88	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	88	24	,	,	PUNCT
cjfa-33342	88	25	that	that	PRON
cjfa-33342	88	26	is	be	AUX
cjfa-33342	88	27	a	a	DET
cjfa-33342	88	28	market	market	NOUN
cjfa-33342	88	29	where	where	SCONJ
cjfa-33342	88	30	:	:	PUNCT
cjfa-33342	88	31	(	(	PUNCT
cjfa-33342	88	32	1	1	NUM
cjfa-33342	88	33	+	+	CCONJ
cjfa-33342	88	34	r	r	NOUN
cjfa-33342	88	35	�	�	PROPN
cjfa-33342	88	36	(	(	PUNCT
cjfa-33342	88	37	�	�	PROPN
cjfa-33342	88	38	)	)	PUNCT
cjfa-33342	88	39	)	)	PUNCT
cjfa-33342	88	40	�	�	PROPN
cjfa-33342	88	41	≠	≠	PROPN
cjfa-33342	88	42	�	�	PROPN
cjfa-33342	88	43	1	1	NUM
cjfa-33342	88	44	+	+	CCONJ
cjfa-33342	88	45	r	r	PROPN
cjfa-33342	88	46	�	�	PROPN
cjfa-33342	88	47	(	(	PUNCT
cjfa-33342	88	48	�	�	NOUN
cjfa-33342	88	49	)	)	PUNCT
cjfa-33342	88	50	�	�	PROPN
cjfa-33342	88	51	�	�	PROPN
cjfa-33342	88	52	1	1	NUM
cjfa-33342	88	53	+	+	CCONJ
cjfa-33342	88	54	r	r	PROPN
cjfa-33342	88	55	�	�	PROPN
cjfa-33342	88	56	�	�	PROPN
cjfa-33342	88	57	�	�	PROPN
cjfa-33342	88	58	(	(	PUNCT
cjfa-33342	88	59	�	�	PROPN
cjfa-33342	88	60	)	)	PUNCT
cjfa-33342	88	61	�	�	PROPN
cjfa-33342	88	62	…	…	SYM
cjfa-33342	88	63	�	�	NOUN
cjfa-33342	88	64	1	1	NUM
cjfa-33342	88	65	+	+	CCONJ
cjfa-33342	88	66	r	r	PROPN
cjfa-33342	88	67	�	�	PROPN
cjfa-33342	88	68	�	�	PROPN
cjfa-33342	88	69	�	�	PROPN
cjfa-33342	88	70	(	(	PUNCT
cjfa-33342	88	71	�	�	PROPN
cjfa-33342	88	72	)	)	PUNCT
cjfa-33342	88	73	�	�	PROPN
cjfa-33342	88	74	(	(	PUNCT
cjfa-33342	88	75	1	1	NUM
cjfa-33342	88	76	)	)	PUNCT
cjfa-33342	88	77	where	where	SCONJ
cjfa-33342	88	78	r	r	NOUN
cjfa-33342	88	79	�	�	PROPN
cjfa-33342	88	80	(	(	PUNCT
cjfa-33342	88	81	�	�	PROPN
cjfa-33342	88	82	)	)	PUNCT
cjfa-33342	88	83	is	be	AUX
cjfa-33342	88	84	the	the	DET
cjfa-33342	88	85	long	long	ADJ
cjfa-33342	88	86	term	term	NOUN
cjfa-33342	88	87	rate	rate	NOUN
cjfa-33342	88	88	of	of	ADP
cjfa-33342	88	89	maturity	maturity	NOUN
cjfa-33342	88	90	n	n	CCONJ
cjfa-33342	88	91	,	,	PUNCT
cjfa-33342	88	92	and	and	CCONJ
cjfa-33342	88	93	r	r	X
cjfa-33342	88	94	�	�	PROPN
cjfa-33342	88	95	(	(	PUNCT
cjfa-33342	88	96	�	�	PROPN
cjfa-33342	88	97	)	)	PUNCT
cjfa-33342	88	98	is	be	AUX
cjfa-33342	88	99	the	the	DET
cjfa-33342	88	100	current	current	ADJ
cjfa-33342	88	101	short	short	ADJ
cjfa-33342	88	102	rate	rate	NOUN
cjfa-33342	88	103	,	,	PUNCT
cjfa-33342	88	104	and	and	CCONJ
cjfa-33342	88	105	r	r	NOUN
cjfa-33342	88	106	�	�	PROPN
cjfa-33342	88	107	�	�	PROPN
cjfa-33342	88	108	�	�	PROPN
cjfa-33342	88	109	(	(	PUNCT
cjfa-33342	88	110	�	�	PROPN
cjfa-33342	88	111	)	)	PUNCT
cjfa-33342	88	112	is	be	AUX
cjfa-33342	88	113	the	the	DET
cjfa-33342	88	114	future	future	ADJ
cjfa-33342	88	115	rate	rate	NOUN
cjfa-33342	88	116	at	at	ADP
cjfa-33342	88	117	time	time	NOUN
cjfa-33342	89	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	90	1	+	+	NUM
cjfa-33342	90	2	1𝑡	1𝑡	NOUN
cjfa-33342	90	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	90	4	+	+	CCONJ
cjfa-33342	90	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	90	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	90	7	+	+	CCONJ
cjfa-33342	90	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	90	9	…	…	PUNCT
cjfa-33342	90	10	𝑡	𝑡	X
cjfa-33342	90	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	90	12	+	+	CCONJ
cjfa-33342	90	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	90	14	lutz	lutz	NOUN
cjfa-33342	90	15	(	(	PUNCT
cjfa-33342	90	16	1940	1940	NUM
cjfa-33342	90	17	)	)	PUNCT
cjfa-33342	90	18	suggested	suggest	VERB
cjfa-33342	90	19	that	that	SCONJ
cjfa-33342	90	20	,	,	PUNCT
cjfa-33342	90	21	while	while	SCONJ
cjfa-33342	90	22	they	they	PRON
cjfa-33342	90	23	are	be	AUX
cjfa-33342	90	24	trying	try	VERB
cjfa-33342	90	25	to	to	PART
cjfa-33342	90	26	take	take	VERB
cjfa-33342	90	27	advantage	advantage	NOUN
cjfa-33342	90	28	of	of	ADP
cjfa-33342	90	29	this	this	DET
cjfa-33342	90	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	90	31	situation	situation	NOUN
cjfa-33342	90	32	,	,	PUNCT
cjfa-33342	90	33	operators	operator	NOUN
cjfa-33342	90	34	on	on	ADP
cjfa-33342	90	35	the	the	DET
cjfa-33342	90	36	capital	capital	NOUN
cjfa-33342	90	37	market	market	NOUN
cjfa-33342	90	38	will	will	AUX
cjfa-33342	90	39	contribute	contribute	VERB
cjfa-33342	90	40	to	to	PART
cjfa-33342	90	41	bring	bring	VERB
cjfa-33342	90	42	the	the	DET
cjfa-33342	90	43	market	market	NOUN
cjfa-33342	90	44	back	back	ADV
cjfa-33342	90	45	in	in	ADP
cjfa-33342	90	46	a	a	DET
cjfa-33342	90	47	situation	situation	NOUN
cjfa-33342	90	48	of	of	ADP
cjfa-33342	90	49	general	general	ADJ
cjfa-33342	90	50	equilibrium	equilibrium	NOUN
cjfa-33342	90	51	.	.	PUNCT
cjfa-33342	91	1	the	the	DET
cjfa-33342	91	2	general	general	ADJ
cjfa-33342	91	3	equilibrium	equilibrium	NOUN
cjfa-33342	91	4	equation	equation	NOUN
cjfa-33342	91	5	is	be	AUX
cjfa-33342	91	6	as	as	SCONJ
cjfa-33342	91	7	follows	follow	VERB
cjfa-33342	91	8	:	:	PUNCT
cjfa-33342	91	9	(	(	PUNCT
cjfa-33342	91	10	1	1	NUM
cjfa-33342	91	11	+	+	CCONJ
cjfa-33342	91	12	r	r	NOUN
cjfa-33342	91	13	�	�	PROPN
cjfa-33342	91	14	(	(	PUNCT
cjfa-33342	91	15	�	�	PROPN
cjfa-33342	91	16	)	)	PUNCT
cjfa-33342	91	17	)	)	PUNCT
cjfa-33342	91	18	�	�	PROPN
cjfa-33342	91	19	=	=	SYM
cjfa-33342	91	20	�	�	PROPN
cjfa-33342	91	21	1	1	NUM
cjfa-33342	91	22	+	+	CCONJ
cjfa-33342	91	23	r	r	PROPN
cjfa-33342	91	24	�	�	PROPN
cjfa-33342	91	25	(	(	PUNCT
cjfa-33342	91	26	�	�	NOUN
cjfa-33342	91	27	)	)	PUNCT
cjfa-33342	91	28	�	�	PROPN
cjfa-33342	91	29	�	�	PROPN
cjfa-33342	91	30	1	1	NUM
cjfa-33342	91	31	+	+	CCONJ
cjfa-33342	91	32	r	r	PROPN
cjfa-33342	91	33	�	�	PROPN
cjfa-33342	91	34	�	�	PROPN
cjfa-33342	91	35	�	�	PROPN
cjfa-33342	91	36	(	(	PUNCT
cjfa-33342	91	37	�	�	PROPN
cjfa-33342	91	38	)	)	PUNCT
cjfa-33342	91	39	�	�	PROPN
cjfa-33342	91	40	…	…	SYM
cjfa-33342	91	41	�	�	NOUN
cjfa-33342	91	42	1	1	NUM
cjfa-33342	91	43	+	+	CCONJ
cjfa-33342	91	44	r	r	PROPN
cjfa-33342	91	45	�	�	PROPN
cjfa-33342	91	46	�	�	PROPN
cjfa-33342	91	47	�	�	PROPN
cjfa-33342	91	48	(	(	PUNCT
cjfa-33342	91	49	�	�	PROPN
cjfa-33342	91	50	)	)	PUNCT
cjfa-33342	91	51	�	�	PROPN
cjfa-33342	91	52	(	(	PUNCT
cjfa-33342	91	53	𝑡	𝑡	PROPN
cjfa-33342	91	54	)	)	PUNCT
cjfa-33342	91	55	the	the	DET
cjfa-33342	91	56	future	future	ADJ
cjfa-33342	91	57	short	short	ADJ
cjfa-33342	91	58	rates	rate	NOUN
cjfa-33342	91	59	in	in	ADP
cjfa-33342	91	60	that	that	DET
cjfa-33342	91	61	equilibrium	equilibrium	NOUN
cjfa-33342	91	62	context	context	NOUN
cjfa-33342	91	63	are	be	AUX
cjfa-33342	91	64	called	call	VERB
cjfa-33342	91	65	the	the	DET
cjfa-33342	91	66	implicit	implicit	ADJ
cjfa-33342	91	67	forward	forward	ADJ
cjfa-33342	91	68	rates	rate	NOUN
cjfa-33342	91	69	.	.	PUNCT
cjfa-33342	92	1	considering	consider	VERB
cjfa-33342	92	2	the	the	DET
cjfa-33342	92	3	fact	fact	NOUN
cjfa-33342	92	4	that	that	SCONJ
cjfa-33342	92	5	lim	lim	PROPN
cjfa-33342	92	6	�	�	PROPN
cjfa-33342	92	7	�	�	PROPN
cjfa-33342	92	8	�	�	PROPN
cjfa-33342	92	9	ln(1	ln(1	PROPN
cjfa-33342	92	10	+	+	CCONJ
cjfa-33342	92	11	x	x	X
cjfa-33342	92	12	)	)	PUNCT
cjfa-33342	92	13	=	=	SYM
cjfa-33342	92	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	92	15	,	,	PUNCT
cjfa-33342	92	16	sargent	sargent	PROPN
cjfa-33342	92	17	(	(	PUNCT
cjfa-33342	92	18	1972	1972	NUM
cjfa-33342	92	19	)	)	PUNCT
cjfa-33342	92	20	rewrite	rewrite	VERB
cjfa-33342	92	21	it	it	PRON
cjfa-33342	92	22	as	as	SCONJ
cjfa-33342	92	23	follows	follow	VERB
cjfa-33342	92	24	:	:	PUNCT
cjfa-33342	92	25	r	r	X
cjfa-33342	92	26	�	�	PROPN
cjfa-33342	92	27	(	(	PUNCT
cjfa-33342	92	28	�	�	PROPN
cjfa-33342	92	29	)	)	PUNCT
cjfa-33342	92	30	=	=	SYM
cjfa-33342	92	31	1	1	NUM
cjfa-33342	92	32	n	n	PRON
cjfa-33342	92	33	�	�	PROPN
cjfa-33342	92	34	r	r	NOUN
cjfa-33342	92	35	�	�	PROPN
cjfa-33342	92	36	�	�	PROPN
cjfa-33342	92	37	�	�	PROPN
cjfa-33342	92	38	(	(	PUNCT
cjfa-33342	92	39	�	�	PROPN
cjfa-33342	92	40	)	)	PUNCT
cjfa-33342	92	41	�	�	PROPN
cjfa-33342	92	42	�	�	PROPN
cjfa-33342	92	43	�	�	PROPN
cjfa-33342	92	44	�	�	PROPN
cjfa-33342	92	45	�	�	PROPN
cjfa-33342	92	46	�	�	PROPN
cjfa-33342	92	47	(	(	PUNCT
cjfa-33342	92	48	𝑡	𝑡	PROPN
cjfa-33342	92	49	)	)	PUNCT
cjfa-33342	92	50	this	this	PRON
cjfa-33342	92	51	is	be	AUX
cjfa-33342	92	52	to	to	PART
cjfa-33342	92	53	say	say	VERB
cjfa-33342	92	54	that	that	SCONJ
cjfa-33342	92	55	the	the	DET
cjfa-33342	92	56	long	long	ADJ
cjfa-33342	92	57	-	-	PUNCT
cjfa-33342	92	58	term	term	NOUN
cjfa-33342	92	59	yield	yield	NOUN
cjfa-33342	92	60	is	be	AUX
cjfa-33342	92	61	a	a	DET
cjfa-33342	92	62	portfolio	portfolio	NOUN
cjfa-33342	92	63	of	of	ADP
cjfa-33342	92	64	short	short	ADJ
cjfa-33342	92	65	term	term	NOUN
cjfa-33342	92	66	yield	yield	NOUN
cjfa-33342	92	67	of	of	ADP
cjfa-33342	92	68	the	the	DET
cjfa-33342	92	69	same	same	ADJ
cjfa-33342	92	70	maturity	maturity	NOUN
cjfa-33342	92	71	and	and	CCONJ
cjfa-33342	92	72	equivalent	equivalent	ADJ
cjfa-33342	92	73	weight	weight	NOUN
cjfa-33342	92	74	.	.	PUNCT
cjfa-33342	93	1	lutz	lutz	PROPN
cjfa-33342	93	2	(	(	PUNCT
cjfa-33342	93	3	1940	1940	NUM
cjfa-33342	93	4	)	)	PUNCT
cjfa-33342	93	5	was	be	AUX
cjfa-33342	93	6	criticised	criticise	VERB
cjfa-33342	93	7	on	on	ADP
cjfa-33342	93	8	the	the	DET
cjfa-33342	93	9	fact	fact	NOUN
cjfa-33342	93	10	that	that	SCONJ
cjfa-33342	93	11	he	he	PRON
cjfa-33342	93	12	assumed	assume	VERB
cjfa-33342	93	13	that	that	SCONJ
cjfa-33342	93	14	operators	operator	NOUN
cjfa-33342	93	15	are	be	AUX
cjfa-33342	93	16	gods	god	NOUN
cjfa-33342	93	17	alike	alike	ADV
cjfa-33342	93	18	,	,	PUNCT
cjfa-33342	93	19	knowing	know	VERB
cjfa-33342	93	20	with	with	ADP
cjfa-33342	93	21	certainty	certainty	NOUN
cjfa-33342	93	22	all	all	DET
cjfa-33342	93	23	the	the	DET
cjfa-33342	93	24	future	future	ADJ
cjfa-33342	93	25	short	short	ADJ
cjfa-33342	93	26	interest	interest	NOUN
cjfa-33342	93	27	rates	rate	NOUN
cjfa-33342	93	28	.	.	PUNCT
cjfa-33342	94	1	since	since	SCONJ
cjfa-33342	94	2	this	this	PRON
cjfa-33342	94	3	is	be	AUX
cjfa-33342	94	4	not	not	PART
cjfa-33342	94	5	true	true	ADJ
cjfa-33342	94	6	,	,	PUNCT
cjfa-33342	94	7	lutz	lutz	NOUN
cjfa-33342	94	8	(	(	PUNCT
cjfa-33342	94	9	1940	1940	NUM
cjfa-33342	94	10	)	)	PUNCT
cjfa-33342	94	11	suggested	suggest	VERB
cjfa-33342	94	12	that	that	SCONJ
cjfa-33342	94	13	,	,	PUNCT
cjfa-33342	94	14	while	while	SCONJ
cjfa-33342	94	15	they	they	PRON
cjfa-33342	94	16	are	be	AUX
cjfa-33342	94	17	trying	try	VERB
cjfa-33342	94	18	to	to	PART
cjfa-33342	94	19	take	take	VERB
cjfa-33342	94	20	advantage	advantage	NOUN
cjfa-33342	94	21	of	of	ADP
cjfa-33342	94	22	this	this	DET
cjfa-33342	94	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	94	24	situation	situation	NOUN
cjfa-33342	94	25	,	,	PUNCT
cjfa-33342	94	26	operators	operator	NOUN
cjfa-33342	94	27	on	on	ADP
cjfa-33342	94	28	the	the	DET
cjfa-33342	94	29	capital	capital	NOUN
cjfa-33342	94	30	market	market	NOUN
cjfa-33342	94	31	will	will	AUX
cjfa-33342	94	32	contribute	contribute	VERB
cjfa-33342	94	33	to	to	PART
cjfa-33342	94	34	bring	bring	VERB
cjfa-33342	94	35	the	the	DET
cjfa-33342	94	36	market	market	NOUN
cjfa-33342	94	37	back	back	ADV
cjfa-33342	94	38	in	in	ADP
cjfa-33342	94	39	a	a	DET
cjfa-33342	94	40	situation	situation	NOUN
cjfa-33342	94	41	of	of	ADP
cjfa-33342	94	42	general	general	ADJ
cjfa-33342	94	43	equilibrium	equilibrium	NOUN
cjfa-33342	94	44	.	.	PUNCT
cjfa-33342	95	1	the	the	DET
cjfa-33342	95	2	general	general	ADJ
cjfa-33342	95	3	equilibrium	equilibrium	NOUN
cjfa-33342	95	4	equation	equation	NOUN
cjfa-33342	95	5	is	be	AUX
cjfa-33342	95	6	as	as	SCONJ
cjfa-33342	95	7	follows	follow	VERB
cjfa-33342	95	8	:	:	PUNCT
cjfa-33342	95	9	rates	rate	NOUN
cjfa-33342	95	10	.	.	PUNCT
cjfa-33342	96	1	the	the	DET
cjfa-33342	96	2	third	third	ADJ
cjfa-33342	96	3	section	section	NOUN
cjfa-33342	96	4	presents	present	VERB
cjfa-33342	96	5	the	the	DET
cjfa-33342	96	6	research	research	NOUN
cjfa-33342	96	7	methodology	methodology	NOUN
cjfa-33342	96	8	and	and	CCONJ
cjfa-33342	96	9	the	the	DET
cjfa-33342	96	10	course	course	NOUN
cjfa-33342	96	11	of	of	ADP
cjfa-33342	96	12	the	the	DET
cjfa-33342	96	13	research	research	NOUN
cjfa-33342	96	14	process	process	NOUN
cjfa-33342	96	15	,	,	PUNCT
cjfa-33342	96	16	the	the	DET
cjfa-33342	96	17	fourth	fourth	ADJ
cjfa-33342	96	18	presents	present	VERB
cjfa-33342	96	19	the	the	DET
cjfa-33342	96	20	results	result	NOUN
cjfa-33342	96	21	and	and	CCONJ
cjfa-33342	96	22	discussions	discussion	NOUN
cjfa-33342	96	23	,	,	PUNCT
cjfa-33342	96	24	and	and	CCONJ
cjfa-33342	96	25	the	the	DET
cjfa-33342	96	26	sixth	sixth	ADJ
cjfa-33342	96	27	section	section	NOUN
cjfa-33342	96	28	presents	present	VERB
cjfa-33342	96	29	the	the	DET
cjfa-33342	96	30	conclusion	conclusion	NOUN
cjfa-33342	96	31	.	.	PUNCT
cjfa-33342	97	1	literature	literature	NOUN
cjfa-33342	97	2	review	review	VERB
cjfa-33342	97	3	theoretical	theoretical	ADJ
cjfa-33342	97	4	framework	framework	NOUN
cjfa-33342	97	5	of	of	ADP
cjfa-33342	97	6	interest	interest	NOUN
cjfa-33342	97	7	rate	rate	NOUN
cjfa-33342	97	8	predictability	predictability	NOUN
cjfa-33342	97	9	through	through	ADP
cjfa-33342	97	10	the	the	DET
cjfa-33342	97	11	term	term	NOUN
cjfa-33342	97	12	structure	structure	NOUN
cjfa-33342	97	13	of	of	ADP
cjfa-33342	97	14	interest	interest	NOUN
cjfa-33342	97	15	rates	rate	NOUN
cjfa-33342	97	16	the	the	DET
cjfa-33342	97	17	term	term	NOUN
cjfa-33342	97	18	structure	structure	NOUN
cjfa-33342	97	19	of	of	ADP
cjfa-33342	97	20	interest	interest	NOUN
cjfa-33342	97	21	rate	rate	NOUN
cjfa-33342	97	22	was	be	AUX
cjfa-33342	97	23	first	first	ADV
cjfa-33342	97	24	describes	describe	NOUN
cjfa-33342	97	25	by	by	ADP
cjfa-33342	97	26	fisher	fisher	PROPN
cjfa-33342	97	27	(	(	PUNCT
cjfa-33342	97	28	1896	1896	NUM
cjfa-33342	97	29	)	)	PUNCT
cjfa-33342	97	30	,	,	PUNCT
cjfa-33342	97	31	who	who	PRON
cjfa-33342	97	32	proposed	propose	VERB
cjfa-33342	97	33	a	a	DET
cjfa-33342	97	34	mathematical	mathematical	ADJ
cjfa-33342	97	35	equality	equality	NOUN
cjfa-33342	97	36	between	between	ADP
cjfa-33342	97	37	the	the	DET
cjfa-33342	97	38	yield	yield	NOUN
cjfa-33342	97	39	of	of	ADP
cjfa-33342	97	40	a	a	DET
cjfa-33342	97	41	long	long	ADJ
cjfa-33342	97	42	term	term	NOUN
cjfa-33342	97	43	security	security	NOUN
cjfa-33342	97	44	and	and	CCONJ
cjfa-33342	97	45	the	the	DET
cjfa-33342	97	46	total	total	ADJ
cjfa-33342	97	47	yield	yield	NOUN
cjfa-33342	97	48	of	of	ADP
cjfa-33342	97	49	short	short	ADJ
cjfa-33342	97	50	term	term	NOUN
cjfa-33342	97	51	securities	security	NOUN
cjfa-33342	97	52	,	,	PUNCT
cjfa-33342	97	53	along	along	ADP
cjfa-33342	97	54	the	the	DET
cjfa-33342	97	55	long	long	ADJ
cjfa-33342	97	56	term	term	NOUN
cjfa-33342	97	57	maturity	maturity	NOUN
cjfa-33342	97	58	.	.	PUNCT
cjfa-33342	98	1	but	but	CCONJ
cjfa-33342	98	2	his	his	PRON
cjfa-33342	98	3	theory	theory	NOUN
cjfa-33342	98	4	was	be	AUX
cjfa-33342	98	5	formalised	formalise	VERB
cjfa-33342	98	6	by	by	ADP
cjfa-33342	98	7	lutz	lutz	NOUN
cjfa-33342	98	8	(	(	PUNCT
cjfa-33342	98	9	1940	1940	NUM
cjfa-33342	98	10	)	)	PUNCT
cjfa-33342	98	11	in	in	ADP
cjfa-33342	98	12	his	his	PRON
cjfa-33342	98	13	expectations	expectation	NOUN
cjfa-33342	98	14	theory	theory	NOUN
cjfa-33342	98	15	.	.	PUNCT
cjfa-33342	99	1	lutz	lutz	PROPN
cjfa-33342	99	2	(	(	PUNCT
cjfa-33342	99	3	1940	1940	NUM
cjfa-33342	99	4	)	)	PUNCT
cjfa-33342	99	5	described	describe	VERB
cjfa-33342	99	6	operators	operator	NOUN
cjfa-33342	99	7	in	in	ADP
cjfa-33342	99	8	the	the	DET
cjfa-33342	99	9	capital	capital	NOUN
cjfa-33342	99	10	market	market	NOUN
cjfa-33342	99	11	as	as	ADP
cjfa-33342	99	12	insatiable	insatiable	ADJ
cjfa-33342	99	13	and	and	CCONJ
cjfa-33342	99	14	motivated	motivate	VERB
cjfa-33342	99	15	by	by	ADP
cjfa-33342	99	16	a	a	DET
cjfa-33342	99	17	single	single	ADJ
cjfa-33342	99	18	goal	goal	NOUN
cjfa-33342	99	19	:	:	PUNCT
cjfa-33342	99	20	profit	profit	NOUN
cjfa-33342	99	21	maximisation	maximisation	NOUN
cjfa-33342	99	22	.	.	PUNCT
cjfa-33342	100	1	in	in	ADP
cjfa-33342	100	2	this	this	DET
cjfa-33342	100	3	context	context	NOUN
cjfa-33342	100	4	,	,	PUNCT
cjfa-33342	100	5	they	they	PRON
cjfa-33342	100	6	would	would	AUX
cjfa-33342	100	7	try	try	VERB
cjfa-33342	100	8	to	to	PART
cjfa-33342	100	9	take	take	VERB
cjfa-33342	100	10	advantages	advantage	NOUN
cjfa-33342	100	11	of	of	ADP
cjfa-33342	100	12	any	any	DET
cjfa-33342	100	13	arbitrage	arbitrage	NOUN
cjfa-33342	100	14	opportunities	opportunity	NOUN
cjfa-33342	100	15	offered	offer	VERB
cjfa-33342	100	16	by	by	ADP
cjfa-33342	100	17	a	a	DET
cjfa-33342	100	18	market	market	NOUN
cjfa-33342	100	19	in	in	ADP
cjfa-33342	100	20	a	a	DET
cjfa-33342	100	21	situation	situation	NOUN
cjfa-33342	100	22	of	of	ADP
cjfa-33342	100	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	100	24	,	,	PUNCT
cjfa-33342	100	25	that	that	PRON
cjfa-33342	100	26	is	be	AUX
cjfa-33342	100	27	a	a	DET
cjfa-33342	100	28	market	market	NOUN
cjfa-33342	100	29	where	where	SCONJ
cjfa-33342	100	30	:	:	PUNCT
cjfa-33342	100	31	(	(	PUNCT
cjfa-33342	100	32	1	1	NUM
cjfa-33342	100	33	+	+	CCONJ
cjfa-33342	100	34	r	r	NOUN
cjfa-33342	100	35	�	�	PROPN
cjfa-33342	100	36	(	(	PUNCT
cjfa-33342	100	37	�	�	PROPN
cjfa-33342	100	38	)	)	PUNCT
cjfa-33342	100	39	)	)	PUNCT
cjfa-33342	100	40	�	�	PROPN
cjfa-33342	100	41	≠	≠	PROPN
cjfa-33342	100	42	�	�	PROPN
cjfa-33342	100	43	1	1	NUM
cjfa-33342	100	44	+	+	CCONJ
cjfa-33342	100	45	r	r	PROPN
cjfa-33342	100	46	�	�	PROPN
cjfa-33342	100	47	(	(	PUNCT
cjfa-33342	100	48	�	�	NOUN
cjfa-33342	100	49	)	)	PUNCT
cjfa-33342	100	50	�	�	PROPN
cjfa-33342	100	51	�	�	PROPN
cjfa-33342	100	52	1	1	NUM
cjfa-33342	100	53	+	+	CCONJ
cjfa-33342	100	54	r	r	PROPN
cjfa-33342	100	55	�	�	PROPN
cjfa-33342	100	56	�	�	PROPN
cjfa-33342	100	57	�	�	PROPN
cjfa-33342	100	58	(	(	PUNCT
cjfa-33342	100	59	�	�	PROPN
cjfa-33342	100	60	)	)	PUNCT
cjfa-33342	100	61	�	�	PROPN
cjfa-33342	100	62	…	…	SYM
cjfa-33342	100	63	�	�	NOUN
cjfa-33342	100	64	1	1	NUM
cjfa-33342	100	65	+	+	CCONJ
cjfa-33342	100	66	r	r	PROPN
cjfa-33342	100	67	�	�	PROPN
cjfa-33342	100	68	�	�	PROPN
cjfa-33342	100	69	�	�	PROPN
cjfa-33342	100	70	(	(	PUNCT
cjfa-33342	100	71	�	�	PROPN
cjfa-33342	100	72	)	)	PUNCT
cjfa-33342	100	73	�	�	PROPN
cjfa-33342	100	74	(	(	PUNCT
cjfa-33342	100	75	1	1	NUM
cjfa-33342	100	76	)	)	PUNCT
cjfa-33342	100	77	where	where	SCONJ
cjfa-33342	100	78	r	r	NOUN
cjfa-33342	100	79	�	�	PROPN
cjfa-33342	100	80	(	(	PUNCT
cjfa-33342	100	81	�	�	PROPN
cjfa-33342	100	82	)	)	PUNCT
cjfa-33342	100	83	is	be	AUX
cjfa-33342	100	84	the	the	DET
cjfa-33342	100	85	long	long	ADJ
cjfa-33342	100	86	term	term	NOUN
cjfa-33342	100	87	rate	rate	NOUN
cjfa-33342	100	88	of	of	ADP
cjfa-33342	100	89	maturity	maturity	NOUN
cjfa-33342	100	90	n	n	CCONJ
cjfa-33342	100	91	,	,	PUNCT
cjfa-33342	100	92	and	and	CCONJ
cjfa-33342	100	93	r	r	X
cjfa-33342	100	94	�	�	PROPN
cjfa-33342	100	95	(	(	PUNCT
cjfa-33342	100	96	�	�	PROPN
cjfa-33342	100	97	)	)	PUNCT
cjfa-33342	100	98	is	be	AUX
cjfa-33342	100	99	the	the	DET
cjfa-33342	100	100	current	current	ADJ
cjfa-33342	100	101	short	short	ADJ
cjfa-33342	100	102	rate	rate	NOUN
cjfa-33342	100	103	,	,	PUNCT
cjfa-33342	100	104	and	and	CCONJ
cjfa-33342	100	105	r	r	NOUN
cjfa-33342	100	106	�	�	PROPN
cjfa-33342	100	107	�	�	PROPN
cjfa-33342	100	108	�	�	PROPN
cjfa-33342	100	109	(	(	PUNCT
cjfa-33342	100	110	�	�	PROPN
cjfa-33342	100	111	)	)	PUNCT
cjfa-33342	100	112	is	be	AUX
cjfa-33342	100	113	the	the	DET
cjfa-33342	100	114	future	future	ADJ
cjfa-33342	100	115	rate	rate	NOUN
cjfa-33342	100	116	at	at	ADP
cjfa-33342	100	117	time	time	NOUN
cjfa-33342	101	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	102	1	+	+	NUM
cjfa-33342	102	2	1𝑡	1𝑡	NOUN
cjfa-33342	102	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	102	4	+	+	CCONJ
cjfa-33342	102	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	102	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	102	7	+	+	CCONJ
cjfa-33342	102	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	102	9	…	…	PUNCT
cjfa-33342	102	10	𝑡	𝑡	X
cjfa-33342	102	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	102	12	+	+	CCONJ
cjfa-33342	102	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	102	14	lutz	lutz	NOUN
cjfa-33342	102	15	(	(	PUNCT
cjfa-33342	102	16	1940	1940	NUM
cjfa-33342	102	17	)	)	PUNCT
cjfa-33342	102	18	suggested	suggest	VERB
cjfa-33342	102	19	that	that	SCONJ
cjfa-33342	102	20	,	,	PUNCT
cjfa-33342	102	21	while	while	SCONJ
cjfa-33342	102	22	they	they	PRON
cjfa-33342	102	23	are	be	AUX
cjfa-33342	102	24	trying	try	VERB
cjfa-33342	102	25	to	to	PART
cjfa-33342	102	26	take	take	VERB
cjfa-33342	102	27	advantage	advantage	NOUN
cjfa-33342	102	28	of	of	ADP
cjfa-33342	102	29	this	this	DET
cjfa-33342	102	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	102	31	situation	situation	NOUN
cjfa-33342	102	32	,	,	PUNCT
cjfa-33342	102	33	operators	operator	NOUN
cjfa-33342	102	34	on	on	ADP
cjfa-33342	102	35	the	the	DET
cjfa-33342	102	36	capital	capital	NOUN
cjfa-33342	102	37	market	market	NOUN
cjfa-33342	102	38	will	will	AUX
cjfa-33342	102	39	contribute	contribute	VERB
cjfa-33342	102	40	to	to	PART
cjfa-33342	102	41	bring	bring	VERB
cjfa-33342	102	42	the	the	DET
cjfa-33342	102	43	market	market	NOUN
cjfa-33342	102	44	back	back	ADV
cjfa-33342	102	45	in	in	ADP
cjfa-33342	102	46	a	a	DET
cjfa-33342	102	47	situation	situation	NOUN
cjfa-33342	102	48	of	of	ADP
cjfa-33342	102	49	general	general	ADJ
cjfa-33342	102	50	equilibrium	equilibrium	NOUN
cjfa-33342	102	51	.	.	PUNCT
cjfa-33342	103	1	the	the	DET
cjfa-33342	103	2	general	general	ADJ
cjfa-33342	103	3	equilibrium	equilibrium	NOUN
cjfa-33342	103	4	equation	equation	NOUN
cjfa-33342	103	5	is	be	AUX
cjfa-33342	103	6	as	as	SCONJ
cjfa-33342	103	7	follows	follow	VERB
cjfa-33342	103	8	:	:	PUNCT
cjfa-33342	103	9	(	(	PUNCT
cjfa-33342	103	10	1	1	NUM
cjfa-33342	103	11	+	+	CCONJ
cjfa-33342	103	12	r	r	NOUN
cjfa-33342	103	13	�	�	PROPN
cjfa-33342	103	14	(	(	PUNCT
cjfa-33342	103	15	�	�	PROPN
cjfa-33342	103	16	)	)	PUNCT
cjfa-33342	103	17	)	)	PUNCT
cjfa-33342	103	18	�	�	PROPN
cjfa-33342	103	19	=	=	SYM
cjfa-33342	103	20	�	�	PROPN
cjfa-33342	103	21	1	1	NUM
cjfa-33342	103	22	+	+	CCONJ
cjfa-33342	103	23	r	r	PROPN
cjfa-33342	103	24	�	�	PROPN
cjfa-33342	103	25	(	(	PUNCT
cjfa-33342	103	26	�	�	NOUN
cjfa-33342	103	27	)	)	PUNCT
cjfa-33342	103	28	�	�	PROPN
cjfa-33342	103	29	�	�	PROPN
cjfa-33342	103	30	1	1	NUM
cjfa-33342	103	31	+	+	CCONJ
cjfa-33342	103	32	r	r	PROPN
cjfa-33342	103	33	�	�	PROPN
cjfa-33342	103	34	�	�	PROPN
cjfa-33342	103	35	�	�	PROPN
cjfa-33342	103	36	(	(	PUNCT
cjfa-33342	103	37	�	�	PROPN
cjfa-33342	103	38	)	)	PUNCT
cjfa-33342	103	39	�	�	PROPN
cjfa-33342	103	40	…	…	SYM
cjfa-33342	103	41	�	�	NOUN
cjfa-33342	103	42	1	1	NUM
cjfa-33342	103	43	+	+	CCONJ
cjfa-33342	103	44	r	r	PROPN
cjfa-33342	103	45	�	�	PROPN
cjfa-33342	103	46	�	�	PROPN
cjfa-33342	103	47	�	�	PROPN
cjfa-33342	103	48	(	(	PUNCT
cjfa-33342	103	49	�	�	PROPN
cjfa-33342	103	50	)	)	PUNCT
cjfa-33342	103	51	�	�	PROPN
cjfa-33342	103	52	(	(	PUNCT
cjfa-33342	103	53	𝑡	𝑡	PROPN
cjfa-33342	103	54	)	)	PUNCT
cjfa-33342	103	55	the	the	DET
cjfa-33342	103	56	future	future	ADJ
cjfa-33342	103	57	short	short	ADJ
cjfa-33342	103	58	rates	rate	NOUN
cjfa-33342	103	59	in	in	ADP
cjfa-33342	103	60	that	that	DET
cjfa-33342	103	61	equilibrium	equilibrium	NOUN
cjfa-33342	103	62	context	context	NOUN
cjfa-33342	103	63	are	be	AUX
cjfa-33342	103	64	called	call	VERB
cjfa-33342	103	65	the	the	DET
cjfa-33342	103	66	implicit	implicit	ADJ
cjfa-33342	103	67	forward	forward	ADJ
cjfa-33342	103	68	rates	rate	NOUN
cjfa-33342	103	69	.	.	PUNCT
cjfa-33342	104	1	considering	consider	VERB
cjfa-33342	104	2	the	the	DET
cjfa-33342	104	3	fact	fact	NOUN
cjfa-33342	104	4	that	that	SCONJ
cjfa-33342	104	5	lim	lim	PROPN
cjfa-33342	104	6	�	�	PROPN
cjfa-33342	104	7	�	�	PROPN
cjfa-33342	104	8	�	�	PROPN
cjfa-33342	104	9	ln(1	ln(1	PROPN
cjfa-33342	104	10	+	+	CCONJ
cjfa-33342	104	11	x	x	X
cjfa-33342	104	12	)	)	PUNCT
cjfa-33342	104	13	=	=	SYM
cjfa-33342	104	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	104	15	,	,	PUNCT
cjfa-33342	104	16	sargent	sargent	PROPN
cjfa-33342	104	17	(	(	PUNCT
cjfa-33342	104	18	1972	1972	NUM
cjfa-33342	104	19	)	)	PUNCT
cjfa-33342	104	20	rewrite	rewrite	VERB
cjfa-33342	104	21	it	it	PRON
cjfa-33342	104	22	as	as	SCONJ
cjfa-33342	104	23	follows	follow	VERB
cjfa-33342	104	24	:	:	PUNCT
cjfa-33342	104	25	r	r	X
cjfa-33342	104	26	�	�	PROPN
cjfa-33342	104	27	(	(	PUNCT
cjfa-33342	104	28	�	�	PROPN
cjfa-33342	104	29	)	)	PUNCT
cjfa-33342	104	30	=	=	SYM
cjfa-33342	104	31	1	1	NUM
cjfa-33342	104	32	n	n	PRON
cjfa-33342	104	33	�	�	PROPN
cjfa-33342	104	34	r	r	NOUN
cjfa-33342	104	35	�	�	PROPN
cjfa-33342	104	36	�	�	PROPN
cjfa-33342	104	37	�	�	PROPN
cjfa-33342	104	38	(	(	PUNCT
cjfa-33342	104	39	�	�	PROPN
cjfa-33342	104	40	)	)	PUNCT
cjfa-33342	104	41	�	�	PROPN
cjfa-33342	104	42	�	�	PROPN
cjfa-33342	104	43	�	�	PROPN
cjfa-33342	104	44	�	�	PROPN
cjfa-33342	104	45	�	�	PROPN
cjfa-33342	104	46	�	�	PROPN
cjfa-33342	104	47	(	(	PUNCT
cjfa-33342	104	48	𝑡	𝑡	PROPN
cjfa-33342	104	49	)	)	PUNCT
cjfa-33342	104	50	this	this	PRON
cjfa-33342	104	51	is	be	AUX
cjfa-33342	104	52	to	to	PART
cjfa-33342	104	53	say	say	VERB
cjfa-33342	104	54	that	that	SCONJ
cjfa-33342	104	55	the	the	DET
cjfa-33342	104	56	long	long	ADJ
cjfa-33342	104	57	-	-	PUNCT
cjfa-33342	104	58	term	term	NOUN
cjfa-33342	104	59	yield	yield	NOUN
cjfa-33342	104	60	is	be	AUX
cjfa-33342	104	61	a	a	DET
cjfa-33342	104	62	portfolio	portfolio	NOUN
cjfa-33342	104	63	of	of	ADP
cjfa-33342	104	64	short	short	ADJ
cjfa-33342	104	65	term	term	NOUN
cjfa-33342	104	66	yield	yield	NOUN
cjfa-33342	104	67	of	of	ADP
cjfa-33342	104	68	the	the	DET
cjfa-33342	104	69	same	same	ADJ
cjfa-33342	104	70	maturity	maturity	NOUN
cjfa-33342	104	71	and	and	CCONJ
cjfa-33342	104	72	equivalent	equivalent	ADJ
cjfa-33342	104	73	weight	weight	NOUN
cjfa-33342	104	74	.	.	PUNCT
cjfa-33342	105	1	lutz	lutz	PROPN
cjfa-33342	105	2	(	(	PUNCT
cjfa-33342	105	3	1940	1940	NUM
cjfa-33342	105	4	)	)	PUNCT
cjfa-33342	105	5	was	be	AUX
cjfa-33342	105	6	criticised	criticise	VERB
cjfa-33342	105	7	on	on	ADP
cjfa-33342	105	8	the	the	DET
cjfa-33342	105	9	fact	fact	NOUN
cjfa-33342	105	10	that	that	SCONJ
cjfa-33342	105	11	he	he	PRON
cjfa-33342	105	12	assumed	assume	VERB
cjfa-33342	105	13	that	that	SCONJ
cjfa-33342	105	14	operators	operator	NOUN
cjfa-33342	105	15	are	be	AUX
cjfa-33342	105	16	gods	god	NOUN
cjfa-33342	105	17	alike	alike	ADV
cjfa-33342	105	18	,	,	PUNCT
cjfa-33342	105	19	knowing	know	VERB
cjfa-33342	105	20	with	with	ADP
cjfa-33342	105	21	certainty	certainty	NOUN
cjfa-33342	105	22	all	all	DET
cjfa-33342	105	23	the	the	DET
cjfa-33342	105	24	future	future	ADJ
cjfa-33342	105	25	short	short	ADJ
cjfa-33342	105	26	interest	interest	NOUN
cjfa-33342	105	27	rates	rate	NOUN
cjfa-33342	105	28	.	.	PUNCT
cjfa-33342	106	1	since	since	SCONJ
cjfa-33342	106	2	this	this	PRON
cjfa-33342	106	3	is	be	AUX
cjfa-33342	106	4	not	not	PART
cjfa-33342	106	5	true	true	ADJ
cjfa-33342	106	6	,	,	PUNCT
cjfa-33342	106	7	(	(	PUNCT
cjfa-33342	106	8	2	2	X
cjfa-33342	106	9	)	)	PUNCT
cjfa-33342	106	10	the	the	DET
cjfa-33342	106	11	future	future	ADJ
cjfa-33342	106	12	short	short	ADJ
cjfa-33342	106	13	rates	rate	NOUN
cjfa-33342	106	14	in	in	ADP
cjfa-33342	106	15	that	that	DET
cjfa-33342	106	16	equilibrium	equilibrium	NOUN
cjfa-33342	106	17	context	context	NOUN
cjfa-33342	106	18	are	be	AUX
cjfa-33342	106	19	called	call	VERB
cjfa-33342	106	20	the	the	DET
cjfa-33342	106	21	implicit	implicit	ADJ
cjfa-33342	106	22	forward	forward	ADJ
cjfa-33342	106	23	rates	rate	NOUN
cjfa-33342	106	24	.	.	PUNCT
cjfa-33342	107	1	considering	consider	VERB
cjfa-33342	107	2	the	the	DET
cjfa-33342	107	3	fact	fact	NOUN
cjfa-33342	107	4	that	that	SCONJ
cjfa-33342	107	5	rates	rate	NOUN
cjfa-33342	107	6	.	.	PUNCT
cjfa-33342	108	1	the	the	DET
cjfa-33342	108	2	third	third	ADJ
cjfa-33342	108	3	section	section	NOUN
cjfa-33342	108	4	presents	present	VERB
cjfa-33342	108	5	the	the	DET
cjfa-33342	108	6	research	research	NOUN
cjfa-33342	108	7	methodology	methodology	NOUN
cjfa-33342	108	8	and	and	CCONJ
cjfa-33342	108	9	the	the	DET
cjfa-33342	108	10	course	course	NOUN
cjfa-33342	108	11	of	of	ADP
cjfa-33342	108	12	the	the	DET
cjfa-33342	108	13	research	research	NOUN
cjfa-33342	108	14	process	process	NOUN
cjfa-33342	108	15	,	,	PUNCT
cjfa-33342	108	16	the	the	DET
cjfa-33342	108	17	fourth	fourth	ADJ
cjfa-33342	108	18	presents	present	VERB
cjfa-33342	108	19	the	the	DET
cjfa-33342	108	20	results	result	NOUN
cjfa-33342	108	21	and	and	CCONJ
cjfa-33342	108	22	discussions	discussion	NOUN
cjfa-33342	108	23	,	,	PUNCT
cjfa-33342	108	24	and	and	CCONJ
cjfa-33342	108	25	the	the	DET
cjfa-33342	108	26	sixth	sixth	ADJ
cjfa-33342	108	27	section	section	NOUN
cjfa-33342	108	28	presents	present	VERB
cjfa-33342	108	29	the	the	DET
cjfa-33342	108	30	conclusion	conclusion	NOUN
cjfa-33342	108	31	.	.	PUNCT
cjfa-33342	109	1	literature	literature	NOUN
cjfa-33342	109	2	review	review	VERB
cjfa-33342	109	3	theoretical	theoretical	ADJ
cjfa-33342	109	4	framework	framework	NOUN
cjfa-33342	109	5	of	of	ADP
cjfa-33342	109	6	interest	interest	NOUN
cjfa-33342	109	7	rate	rate	NOUN
cjfa-33342	109	8	predictability	predictability	NOUN
cjfa-33342	109	9	through	through	ADP
cjfa-33342	109	10	the	the	DET
cjfa-33342	109	11	term	term	NOUN
cjfa-33342	109	12	structure	structure	NOUN
cjfa-33342	109	13	of	of	ADP
cjfa-33342	109	14	interest	interest	NOUN
cjfa-33342	109	15	rates	rate	NOUN
cjfa-33342	109	16	the	the	DET
cjfa-33342	109	17	term	term	NOUN
cjfa-33342	109	18	structure	structure	NOUN
cjfa-33342	109	19	of	of	ADP
cjfa-33342	109	20	interest	interest	NOUN
cjfa-33342	109	21	rate	rate	NOUN
cjfa-33342	109	22	was	be	AUX
cjfa-33342	109	23	first	first	ADV
cjfa-33342	109	24	describes	describe	NOUN
cjfa-33342	109	25	by	by	ADP
cjfa-33342	109	26	fisher	fisher	PROPN
cjfa-33342	109	27	(	(	PUNCT
cjfa-33342	109	28	1896	1896	NUM
cjfa-33342	109	29	)	)	PUNCT
cjfa-33342	109	30	,	,	PUNCT
cjfa-33342	109	31	who	who	PRON
cjfa-33342	109	32	proposed	propose	VERB
cjfa-33342	109	33	a	a	DET
cjfa-33342	109	34	mathematical	mathematical	ADJ
cjfa-33342	109	35	equality	equality	NOUN
cjfa-33342	109	36	between	between	ADP
cjfa-33342	109	37	the	the	DET
cjfa-33342	109	38	yield	yield	NOUN
cjfa-33342	109	39	of	of	ADP
cjfa-33342	109	40	a	a	DET
cjfa-33342	109	41	long	long	ADJ
cjfa-33342	109	42	term	term	NOUN
cjfa-33342	109	43	security	security	NOUN
cjfa-33342	109	44	and	and	CCONJ
cjfa-33342	109	45	the	the	DET
cjfa-33342	109	46	total	total	ADJ
cjfa-33342	109	47	yield	yield	NOUN
cjfa-33342	109	48	of	of	ADP
cjfa-33342	109	49	short	short	ADJ
cjfa-33342	109	50	term	term	NOUN
cjfa-33342	109	51	securities	security	NOUN
cjfa-33342	109	52	,	,	PUNCT
cjfa-33342	109	53	along	along	ADP
cjfa-33342	109	54	the	the	DET
cjfa-33342	109	55	long	long	ADJ
cjfa-33342	109	56	term	term	NOUN
cjfa-33342	109	57	maturity	maturity	NOUN
cjfa-33342	109	58	.	.	PUNCT
cjfa-33342	110	1	but	but	CCONJ
cjfa-33342	110	2	his	his	PRON
cjfa-33342	110	3	theory	theory	NOUN
cjfa-33342	110	4	was	be	AUX
cjfa-33342	110	5	formalised	formalise	VERB
cjfa-33342	110	6	by	by	ADP
cjfa-33342	110	7	lutz	lutz	NOUN
cjfa-33342	110	8	(	(	PUNCT
cjfa-33342	110	9	1940	1940	NUM
cjfa-33342	110	10	)	)	PUNCT
cjfa-33342	110	11	in	in	ADP
cjfa-33342	110	12	his	his	PRON
cjfa-33342	110	13	expectations	expectation	NOUN
cjfa-33342	110	14	theory	theory	NOUN
cjfa-33342	110	15	.	.	PUNCT
cjfa-33342	111	1	lutz	lutz	PROPN
cjfa-33342	111	2	(	(	PUNCT
cjfa-33342	111	3	1940	1940	NUM
cjfa-33342	111	4	)	)	PUNCT
cjfa-33342	111	5	described	describe	VERB
cjfa-33342	111	6	operators	operator	NOUN
cjfa-33342	111	7	in	in	ADP
cjfa-33342	111	8	the	the	DET
cjfa-33342	111	9	capital	capital	NOUN
cjfa-33342	111	10	market	market	NOUN
cjfa-33342	111	11	as	as	ADP
cjfa-33342	111	12	insatiable	insatiable	ADJ
cjfa-33342	111	13	and	and	CCONJ
cjfa-33342	111	14	motivated	motivate	VERB
cjfa-33342	111	15	by	by	ADP
cjfa-33342	111	16	a	a	DET
cjfa-33342	111	17	single	single	ADJ
cjfa-33342	111	18	goal	goal	NOUN
cjfa-33342	111	19	:	:	PUNCT
cjfa-33342	111	20	profit	profit	NOUN
cjfa-33342	111	21	maximisation	maximisation	NOUN
cjfa-33342	111	22	.	.	PUNCT
cjfa-33342	112	1	in	in	ADP
cjfa-33342	112	2	this	this	DET
cjfa-33342	112	3	context	context	NOUN
cjfa-33342	112	4	,	,	PUNCT
cjfa-33342	112	5	they	they	PRON
cjfa-33342	112	6	would	would	AUX
cjfa-33342	112	7	try	try	VERB
cjfa-33342	112	8	to	to	PART
cjfa-33342	112	9	take	take	VERB
cjfa-33342	112	10	advantages	advantage	NOUN
cjfa-33342	112	11	of	of	ADP
cjfa-33342	112	12	any	any	DET
cjfa-33342	112	13	arbitrage	arbitrage	NOUN
cjfa-33342	112	14	opportunities	opportunity	NOUN
cjfa-33342	112	15	offered	offer	VERB
cjfa-33342	112	16	by	by	ADP
cjfa-33342	112	17	a	a	DET
cjfa-33342	112	18	market	market	NOUN
cjfa-33342	112	19	in	in	ADP
cjfa-33342	112	20	a	a	DET
cjfa-33342	112	21	situation	situation	NOUN
cjfa-33342	112	22	of	of	ADP
cjfa-33342	112	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	112	24	,	,	PUNCT
cjfa-33342	112	25	that	that	PRON
cjfa-33342	112	26	is	be	AUX
cjfa-33342	112	27	a	a	DET
cjfa-33342	112	28	market	market	NOUN
cjfa-33342	112	29	where	where	SCONJ
cjfa-33342	112	30	:	:	PUNCT
cjfa-33342	112	31	(	(	PUNCT
cjfa-33342	112	32	1	1	NUM
cjfa-33342	112	33	+	+	CCONJ
cjfa-33342	112	34	r	r	NOUN
cjfa-33342	112	35	�	�	PROPN
cjfa-33342	112	36	(	(	PUNCT
cjfa-33342	112	37	�	�	PROPN
cjfa-33342	112	38	)	)	PUNCT
cjfa-33342	112	39	)	)	PUNCT
cjfa-33342	112	40	�	�	PROPN
cjfa-33342	112	41	≠	≠	PROPN
cjfa-33342	112	42	�	�	PROPN
cjfa-33342	112	43	1	1	NUM
cjfa-33342	112	44	+	+	CCONJ
cjfa-33342	112	45	r	r	PROPN
cjfa-33342	112	46	�	�	PROPN
cjfa-33342	112	47	(	(	PUNCT
cjfa-33342	112	48	�	�	NOUN
cjfa-33342	112	49	)	)	PUNCT
cjfa-33342	112	50	�	�	PROPN
cjfa-33342	112	51	�	�	PROPN
cjfa-33342	112	52	1	1	NUM
cjfa-33342	112	53	+	+	CCONJ
cjfa-33342	112	54	r	r	PROPN
cjfa-33342	112	55	�	�	PROPN
cjfa-33342	112	56	�	�	PROPN
cjfa-33342	112	57	�	�	PROPN
cjfa-33342	112	58	(	(	PUNCT
cjfa-33342	112	59	�	�	PROPN
cjfa-33342	112	60	)	)	PUNCT
cjfa-33342	112	61	�	�	PROPN
cjfa-33342	112	62	…	…	SYM
cjfa-33342	112	63	�	�	NOUN
cjfa-33342	112	64	1	1	NUM
cjfa-33342	112	65	+	+	CCONJ
cjfa-33342	112	66	r	r	PROPN
cjfa-33342	112	67	�	�	PROPN
cjfa-33342	112	68	�	�	PROPN
cjfa-33342	112	69	�	�	PROPN
cjfa-33342	112	70	(	(	PUNCT
cjfa-33342	112	71	�	�	PROPN
cjfa-33342	112	72	)	)	PUNCT
cjfa-33342	112	73	�	�	PROPN
cjfa-33342	112	74	(	(	PUNCT
cjfa-33342	112	75	1	1	NUM
cjfa-33342	112	76	)	)	PUNCT
cjfa-33342	112	77	where	where	SCONJ
cjfa-33342	112	78	r	r	NOUN
cjfa-33342	112	79	�	�	PROPN
cjfa-33342	112	80	(	(	PUNCT
cjfa-33342	112	81	�	�	PROPN
cjfa-33342	112	82	)	)	PUNCT
cjfa-33342	112	83	is	be	AUX
cjfa-33342	112	84	the	the	DET
cjfa-33342	112	85	long	long	ADJ
cjfa-33342	112	86	term	term	NOUN
cjfa-33342	112	87	rate	rate	NOUN
cjfa-33342	112	88	of	of	ADP
cjfa-33342	112	89	maturity	maturity	NOUN
cjfa-33342	112	90	n	n	CCONJ
cjfa-33342	112	91	,	,	PUNCT
cjfa-33342	112	92	and	and	CCONJ
cjfa-33342	112	93	r	r	X
cjfa-33342	112	94	�	�	PROPN
cjfa-33342	112	95	(	(	PUNCT
cjfa-33342	112	96	�	�	PROPN
cjfa-33342	112	97	)	)	PUNCT
cjfa-33342	112	98	is	be	AUX
cjfa-33342	112	99	the	the	DET
cjfa-33342	112	100	current	current	ADJ
cjfa-33342	112	101	short	short	ADJ
cjfa-33342	112	102	rate	rate	NOUN
cjfa-33342	112	103	,	,	PUNCT
cjfa-33342	112	104	and	and	CCONJ
cjfa-33342	112	105	r	r	NOUN
cjfa-33342	112	106	�	�	PROPN
cjfa-33342	112	107	�	�	PROPN
cjfa-33342	112	108	�	�	PROPN
cjfa-33342	112	109	(	(	PUNCT
cjfa-33342	112	110	�	�	PROPN
cjfa-33342	112	111	)	)	PUNCT
cjfa-33342	112	112	is	be	AUX
cjfa-33342	112	113	the	the	DET
cjfa-33342	112	114	future	future	ADJ
cjfa-33342	112	115	rate	rate	NOUN
cjfa-33342	112	116	at	at	ADP
cjfa-33342	112	117	time	time	NOUN
cjfa-33342	113	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	114	1	+	+	NUM
cjfa-33342	114	2	1𝑡	1𝑡	NOUN
cjfa-33342	114	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	114	4	+	+	CCONJ
cjfa-33342	114	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	114	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	114	7	+	+	CCONJ
cjfa-33342	114	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	114	9	…	…	PUNCT
cjfa-33342	114	10	𝑡	𝑡	X
cjfa-33342	114	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	114	12	+	+	CCONJ
cjfa-33342	114	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	114	14	lutz	lutz	NOUN
cjfa-33342	114	15	(	(	PUNCT
cjfa-33342	114	16	1940	1940	NUM
cjfa-33342	114	17	)	)	PUNCT
cjfa-33342	114	18	suggested	suggest	VERB
cjfa-33342	114	19	that	that	SCONJ
cjfa-33342	114	20	,	,	PUNCT
cjfa-33342	114	21	while	while	SCONJ
cjfa-33342	114	22	they	they	PRON
cjfa-33342	114	23	are	be	AUX
cjfa-33342	114	24	trying	try	VERB
cjfa-33342	114	25	to	to	PART
cjfa-33342	114	26	take	take	VERB
cjfa-33342	114	27	advantage	advantage	NOUN
cjfa-33342	114	28	of	of	ADP
cjfa-33342	114	29	this	this	DET
cjfa-33342	114	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	114	31	situation	situation	NOUN
cjfa-33342	114	32	,	,	PUNCT
cjfa-33342	114	33	operators	operator	NOUN
cjfa-33342	114	34	on	on	ADP
cjfa-33342	114	35	the	the	DET
cjfa-33342	114	36	capital	capital	NOUN
cjfa-33342	114	37	market	market	NOUN
cjfa-33342	114	38	will	will	AUX
cjfa-33342	114	39	contribute	contribute	VERB
cjfa-33342	114	40	to	to	PART
cjfa-33342	114	41	bring	bring	VERB
cjfa-33342	114	42	the	the	DET
cjfa-33342	114	43	market	market	NOUN
cjfa-33342	114	44	back	back	ADV
cjfa-33342	114	45	in	in	ADP
cjfa-33342	114	46	a	a	DET
cjfa-33342	114	47	situation	situation	NOUN
cjfa-33342	114	48	of	of	ADP
cjfa-33342	114	49	general	general	ADJ
cjfa-33342	114	50	equilibrium	equilibrium	NOUN
cjfa-33342	114	51	.	.	PUNCT
cjfa-33342	115	1	the	the	DET
cjfa-33342	115	2	general	general	ADJ
cjfa-33342	115	3	equilibrium	equilibrium	NOUN
cjfa-33342	115	4	equation	equation	NOUN
cjfa-33342	115	5	is	be	AUX
cjfa-33342	115	6	as	as	SCONJ
cjfa-33342	115	7	follows	follow	VERB
cjfa-33342	115	8	:	:	PUNCT
cjfa-33342	115	9	(	(	PUNCT
cjfa-33342	115	10	1	1	NUM
cjfa-33342	115	11	+	+	CCONJ
cjfa-33342	115	12	r	r	NOUN
cjfa-33342	115	13	�	�	PROPN
cjfa-33342	115	14	(	(	PUNCT
cjfa-33342	115	15	�	�	PROPN
cjfa-33342	115	16	)	)	PUNCT
cjfa-33342	115	17	)	)	PUNCT
cjfa-33342	115	18	�	�	PROPN
cjfa-33342	115	19	=	=	SYM
cjfa-33342	115	20	�	�	PROPN
cjfa-33342	115	21	1	1	NUM
cjfa-33342	115	22	+	+	CCONJ
cjfa-33342	115	23	r	r	PROPN
cjfa-33342	115	24	�	�	PROPN
cjfa-33342	115	25	(	(	PUNCT
cjfa-33342	115	26	�	�	NOUN
cjfa-33342	115	27	)	)	PUNCT
cjfa-33342	115	28	�	�	PROPN
cjfa-33342	115	29	�	�	PROPN
cjfa-33342	115	30	1	1	NUM
cjfa-33342	115	31	+	+	CCONJ
cjfa-33342	115	32	r	r	PROPN
cjfa-33342	115	33	�	�	PROPN
cjfa-33342	115	34	�	�	PROPN
cjfa-33342	115	35	�	�	PROPN
cjfa-33342	115	36	(	(	PUNCT
cjfa-33342	115	37	�	�	PROPN
cjfa-33342	115	38	)	)	PUNCT
cjfa-33342	115	39	�	�	PROPN
cjfa-33342	115	40	…	…	SYM
cjfa-33342	115	41	�	�	NOUN
cjfa-33342	115	42	1	1	NUM
cjfa-33342	115	43	+	+	CCONJ
cjfa-33342	115	44	r	r	PROPN
cjfa-33342	115	45	�	�	PROPN
cjfa-33342	115	46	�	�	PROPN
cjfa-33342	115	47	�	�	PROPN
cjfa-33342	115	48	(	(	PUNCT
cjfa-33342	115	49	�	�	PROPN
cjfa-33342	115	50	)	)	PUNCT
cjfa-33342	115	51	�	�	PROPN
cjfa-33342	115	52	(	(	PUNCT
cjfa-33342	115	53	𝑡	𝑡	PROPN
cjfa-33342	115	54	)	)	PUNCT
cjfa-33342	115	55	the	the	DET
cjfa-33342	115	56	future	future	ADJ
cjfa-33342	115	57	short	short	ADJ
cjfa-33342	115	58	rates	rate	NOUN
cjfa-33342	115	59	in	in	ADP
cjfa-33342	115	60	that	that	DET
cjfa-33342	115	61	equilibrium	equilibrium	NOUN
cjfa-33342	115	62	context	context	NOUN
cjfa-33342	115	63	are	be	AUX
cjfa-33342	115	64	called	call	VERB
cjfa-33342	115	65	the	the	DET
cjfa-33342	115	66	implicit	implicit	ADJ
cjfa-33342	115	67	forward	forward	ADJ
cjfa-33342	115	68	rates	rate	NOUN
cjfa-33342	115	69	.	.	PUNCT
cjfa-33342	116	1	considering	consider	VERB
cjfa-33342	116	2	the	the	DET
cjfa-33342	116	3	fact	fact	NOUN
cjfa-33342	116	4	that	that	SCONJ
cjfa-33342	116	5	lim	lim	PROPN
cjfa-33342	116	6	�	�	PROPN
cjfa-33342	116	7	�	�	PROPN
cjfa-33342	116	8	�	�	PROPN
cjfa-33342	116	9	ln(1	ln(1	PROPN
cjfa-33342	116	10	+	+	CCONJ
cjfa-33342	116	11	x	x	X
cjfa-33342	116	12	)	)	PUNCT
cjfa-33342	116	13	=	=	SYM
cjfa-33342	116	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	116	15	,	,	PUNCT
cjfa-33342	116	16	sargent	sargent	PROPN
cjfa-33342	116	17	(	(	PUNCT
cjfa-33342	116	18	1972	1972	NUM
cjfa-33342	116	19	)	)	PUNCT
cjfa-33342	116	20	rewrite	rewrite	VERB
cjfa-33342	116	21	it	it	PRON
cjfa-33342	116	22	as	as	SCONJ
cjfa-33342	116	23	follows	follow	VERB
cjfa-33342	116	24	:	:	PUNCT
cjfa-33342	116	25	r	r	X
cjfa-33342	116	26	�	�	PROPN
cjfa-33342	116	27	(	(	PUNCT
cjfa-33342	116	28	�	�	PROPN
cjfa-33342	116	29	)	)	PUNCT
cjfa-33342	116	30	=	=	SYM
cjfa-33342	116	31	1	1	NUM
cjfa-33342	116	32	n	n	PRON
cjfa-33342	116	33	�	�	PROPN
cjfa-33342	116	34	r	r	NOUN
cjfa-33342	116	35	�	�	PROPN
cjfa-33342	116	36	�	�	PROPN
cjfa-33342	116	37	�	�	PROPN
cjfa-33342	116	38	(	(	PUNCT
cjfa-33342	116	39	�	�	PROPN
cjfa-33342	116	40	)	)	PUNCT
cjfa-33342	116	41	�	�	PROPN
cjfa-33342	116	42	�	�	PROPN
cjfa-33342	116	43	�	�	PROPN
cjfa-33342	116	44	�	�	PROPN
cjfa-33342	116	45	�	�	PROPN
cjfa-33342	116	46	�	�	PROPN
cjfa-33342	116	47	(	(	PUNCT
cjfa-33342	116	48	𝑡	𝑡	PROPN
cjfa-33342	116	49	)	)	PUNCT
cjfa-33342	116	50	this	this	PRON
cjfa-33342	116	51	is	be	AUX
cjfa-33342	116	52	to	to	PART
cjfa-33342	116	53	say	say	VERB
cjfa-33342	116	54	that	that	SCONJ
cjfa-33342	116	55	the	the	DET
cjfa-33342	116	56	long	long	ADJ
cjfa-33342	116	57	-	-	PUNCT
cjfa-33342	116	58	term	term	NOUN
cjfa-33342	116	59	yield	yield	NOUN
cjfa-33342	116	60	is	be	AUX
cjfa-33342	116	61	a	a	DET
cjfa-33342	116	62	portfolio	portfolio	NOUN
cjfa-33342	116	63	of	of	ADP
cjfa-33342	116	64	short	short	ADJ
cjfa-33342	116	65	term	term	NOUN
cjfa-33342	116	66	yield	yield	NOUN
cjfa-33342	116	67	of	of	ADP
cjfa-33342	116	68	the	the	DET
cjfa-33342	116	69	same	same	ADJ
cjfa-33342	116	70	maturity	maturity	NOUN
cjfa-33342	116	71	and	and	CCONJ
cjfa-33342	116	72	equivalent	equivalent	ADJ
cjfa-33342	116	73	weight	weight	NOUN
cjfa-33342	116	74	.	.	PUNCT
cjfa-33342	117	1	lutz	lutz	PROPN
cjfa-33342	117	2	(	(	PUNCT
cjfa-33342	117	3	1940	1940	NUM
cjfa-33342	117	4	)	)	PUNCT
cjfa-33342	117	5	was	be	AUX
cjfa-33342	117	6	criticised	criticise	VERB
cjfa-33342	117	7	on	on	ADP
cjfa-33342	117	8	the	the	DET
cjfa-33342	117	9	fact	fact	NOUN
cjfa-33342	117	10	that	that	SCONJ
cjfa-33342	117	11	he	he	PRON
cjfa-33342	117	12	assumed	assume	VERB
cjfa-33342	117	13	that	that	SCONJ
cjfa-33342	117	14	operators	operator	NOUN
cjfa-33342	117	15	are	be	AUX
cjfa-33342	117	16	gods	god	NOUN
cjfa-33342	117	17	alike	alike	ADV
cjfa-33342	117	18	,	,	PUNCT
cjfa-33342	117	19	knowing	know	VERB
cjfa-33342	117	20	with	with	ADP
cjfa-33342	117	21	certainty	certainty	NOUN
cjfa-33342	117	22	all	all	DET
cjfa-33342	117	23	the	the	DET
cjfa-33342	117	24	future	future	ADJ
cjfa-33342	117	25	short	short	ADJ
cjfa-33342	117	26	interest	interest	NOUN
cjfa-33342	117	27	rates	rate	NOUN
cjfa-33342	117	28	.	.	PUNCT
cjfa-33342	118	1	since	since	SCONJ
cjfa-33342	118	2	this	this	PRON
cjfa-33342	118	3	is	be	AUX
cjfa-33342	118	4	not	not	PART
cjfa-33342	118	5	true	true	ADJ
cjfa-33342	118	6	,	,	PUNCT
cjfa-33342	118	7	,	,	PUNCT
cjfa-33342	118	8	sargent	sargent	PROPN
cjfa-33342	118	9	(	(	PUNCT
cjfa-33342	118	10	1972	1972	NUM
cjfa-33342	118	11	)	)	PUNCT
cjfa-33342	118	12	rewrite	rewrite	VERB
cjfa-33342	118	13	it	it	PRON
cjfa-33342	118	14	as	as	SCONJ
cjfa-33342	118	15	follows	follow	VERB
cjfa-33342	118	16	:	:	PUNCT
cjfa-33342	118	17	hans	hans	PROPN
cjfa-33342	118	18	patrick	patrick	PROPN
cjfa-33342	118	19	bidias	bidias	PROPN
cjfa-33342	118	20	-	-	PUNCT
cjfa-33342	118	21	menik	menik	NOUN
cjfa-33342	118	22	,	,	PUNCT
cjfa-33342	118	23	simplice	simplice	NOUN
cjfa-33342	118	24	gaël	gaël	PROPN
cjfa-33342	118	25	tonmo48	tonmo48	NOUN
cjfa-33342	118	26	rates	rate	NOUN
cjfa-33342	118	27	.	.	PUNCT
cjfa-33342	119	1	the	the	DET
cjfa-33342	119	2	third	third	ADJ
cjfa-33342	119	3	section	section	NOUN
cjfa-33342	119	4	presents	present	VERB
cjfa-33342	119	5	the	the	DET
cjfa-33342	119	6	research	research	NOUN
cjfa-33342	119	7	methodology	methodology	NOUN
cjfa-33342	119	8	and	and	CCONJ
cjfa-33342	119	9	the	the	DET
cjfa-33342	119	10	course	course	NOUN
cjfa-33342	119	11	of	of	ADP
cjfa-33342	119	12	the	the	DET
cjfa-33342	119	13	research	research	NOUN
cjfa-33342	119	14	process	process	NOUN
cjfa-33342	119	15	,	,	PUNCT
cjfa-33342	119	16	the	the	DET
cjfa-33342	119	17	fourth	fourth	ADJ
cjfa-33342	119	18	presents	present	VERB
cjfa-33342	119	19	the	the	DET
cjfa-33342	119	20	results	result	NOUN
cjfa-33342	119	21	and	and	CCONJ
cjfa-33342	119	22	discussions	discussion	NOUN
cjfa-33342	119	23	,	,	PUNCT
cjfa-33342	119	24	and	and	CCONJ
cjfa-33342	119	25	the	the	DET
cjfa-33342	119	26	sixth	sixth	ADJ
cjfa-33342	119	27	section	section	NOUN
cjfa-33342	119	28	presents	present	VERB
cjfa-33342	119	29	the	the	DET
cjfa-33342	119	30	conclusion	conclusion	NOUN
cjfa-33342	119	31	.	.	PUNCT
cjfa-33342	120	1	literature	literature	NOUN
cjfa-33342	120	2	review	review	VERB
cjfa-33342	120	3	theoretical	theoretical	ADJ
cjfa-33342	120	4	framework	framework	NOUN
cjfa-33342	120	5	of	of	ADP
cjfa-33342	120	6	interest	interest	NOUN
cjfa-33342	120	7	rate	rate	NOUN
cjfa-33342	120	8	predictability	predictability	NOUN
cjfa-33342	120	9	through	through	ADP
cjfa-33342	120	10	the	the	DET
cjfa-33342	120	11	term	term	NOUN
cjfa-33342	120	12	structure	structure	NOUN
cjfa-33342	120	13	of	of	ADP
cjfa-33342	120	14	interest	interest	NOUN
cjfa-33342	120	15	rates	rate	NOUN
cjfa-33342	120	16	the	the	DET
cjfa-33342	120	17	term	term	NOUN
cjfa-33342	120	18	structure	structure	NOUN
cjfa-33342	120	19	of	of	ADP
cjfa-33342	120	20	interest	interest	NOUN
cjfa-33342	120	21	rate	rate	NOUN
cjfa-33342	120	22	was	be	AUX
cjfa-33342	120	23	first	first	ADV
cjfa-33342	120	24	describes	describe	NOUN
cjfa-33342	120	25	by	by	ADP
cjfa-33342	120	26	fisher	fisher	PROPN
cjfa-33342	120	27	(	(	PUNCT
cjfa-33342	120	28	1896	1896	NUM
cjfa-33342	120	29	)	)	PUNCT
cjfa-33342	120	30	,	,	PUNCT
cjfa-33342	120	31	who	who	PRON
cjfa-33342	120	32	proposed	propose	VERB
cjfa-33342	120	33	a	a	DET
cjfa-33342	120	34	mathematical	mathematical	ADJ
cjfa-33342	120	35	equality	equality	NOUN
cjfa-33342	120	36	between	between	ADP
cjfa-33342	120	37	the	the	DET
cjfa-33342	120	38	yield	yield	NOUN
cjfa-33342	120	39	of	of	ADP
cjfa-33342	120	40	a	a	DET
cjfa-33342	120	41	long	long	ADJ
cjfa-33342	120	42	term	term	NOUN
cjfa-33342	120	43	security	security	NOUN
cjfa-33342	120	44	and	and	CCONJ
cjfa-33342	120	45	the	the	DET
cjfa-33342	120	46	total	total	ADJ
cjfa-33342	120	47	yield	yield	NOUN
cjfa-33342	120	48	of	of	ADP
cjfa-33342	120	49	short	short	ADJ
cjfa-33342	120	50	term	term	NOUN
cjfa-33342	120	51	securities	security	NOUN
cjfa-33342	120	52	,	,	PUNCT
cjfa-33342	120	53	along	along	ADP
cjfa-33342	120	54	the	the	DET
cjfa-33342	120	55	long	long	ADJ
cjfa-33342	120	56	term	term	NOUN
cjfa-33342	120	57	maturity	maturity	NOUN
cjfa-33342	120	58	.	.	PUNCT
cjfa-33342	121	1	but	but	CCONJ
cjfa-33342	121	2	his	his	PRON
cjfa-33342	121	3	theory	theory	NOUN
cjfa-33342	121	4	was	be	AUX
cjfa-33342	121	5	formalised	formalise	VERB
cjfa-33342	121	6	by	by	ADP
cjfa-33342	121	7	lutz	lutz	NOUN
cjfa-33342	121	8	(	(	PUNCT
cjfa-33342	121	9	1940	1940	NUM
cjfa-33342	121	10	)	)	PUNCT
cjfa-33342	121	11	in	in	ADP
cjfa-33342	121	12	his	his	PRON
cjfa-33342	121	13	expectations	expectation	NOUN
cjfa-33342	121	14	theory	theory	NOUN
cjfa-33342	121	15	.	.	PUNCT
cjfa-33342	122	1	lutz	lutz	PROPN
cjfa-33342	122	2	(	(	PUNCT
cjfa-33342	122	3	1940	1940	NUM
cjfa-33342	122	4	)	)	PUNCT
cjfa-33342	122	5	described	describe	VERB
cjfa-33342	122	6	operators	operator	NOUN
cjfa-33342	122	7	in	in	ADP
cjfa-33342	122	8	the	the	DET
cjfa-33342	122	9	capital	capital	NOUN
cjfa-33342	122	10	market	market	NOUN
cjfa-33342	122	11	as	as	ADP
cjfa-33342	122	12	insatiable	insatiable	ADJ
cjfa-33342	122	13	and	and	CCONJ
cjfa-33342	122	14	motivated	motivate	VERB
cjfa-33342	122	15	by	by	ADP
cjfa-33342	122	16	a	a	DET
cjfa-33342	122	17	single	single	ADJ
cjfa-33342	122	18	goal	goal	NOUN
cjfa-33342	122	19	:	:	PUNCT
cjfa-33342	122	20	profit	profit	NOUN
cjfa-33342	122	21	maximisation	maximisation	NOUN
cjfa-33342	122	22	.	.	PUNCT
cjfa-33342	123	1	in	in	ADP
cjfa-33342	123	2	this	this	DET
cjfa-33342	123	3	context	context	NOUN
cjfa-33342	123	4	,	,	PUNCT
cjfa-33342	123	5	they	they	PRON
cjfa-33342	123	6	would	would	AUX
cjfa-33342	123	7	try	try	VERB
cjfa-33342	123	8	to	to	PART
cjfa-33342	123	9	take	take	VERB
cjfa-33342	123	10	advantages	advantage	NOUN
cjfa-33342	123	11	of	of	ADP
cjfa-33342	123	12	any	any	DET
cjfa-33342	123	13	arbitrage	arbitrage	NOUN
cjfa-33342	123	14	opportunities	opportunity	NOUN
cjfa-33342	123	15	offered	offer	VERB
cjfa-33342	123	16	by	by	ADP
cjfa-33342	123	17	a	a	DET
cjfa-33342	123	18	market	market	NOUN
cjfa-33342	123	19	in	in	ADP
cjfa-33342	123	20	a	a	DET
cjfa-33342	123	21	situation	situation	NOUN
cjfa-33342	123	22	of	of	ADP
cjfa-33342	123	23	disequilibrium	disequilibrium	NOUN
cjfa-33342	123	24	,	,	PUNCT
cjfa-33342	123	25	that	that	PRON
cjfa-33342	123	26	is	be	AUX
cjfa-33342	123	27	a	a	DET
cjfa-33342	123	28	market	market	NOUN
cjfa-33342	123	29	where	where	SCONJ
cjfa-33342	123	30	:	:	PUNCT
cjfa-33342	123	31	(	(	PUNCT
cjfa-33342	123	32	1	1	NUM
cjfa-33342	123	33	+	+	CCONJ
cjfa-33342	123	34	r	r	NOUN
cjfa-33342	123	35	�	�	PROPN
cjfa-33342	123	36	(	(	PUNCT
cjfa-33342	123	37	�	�	PROPN
cjfa-33342	123	38	)	)	PUNCT
cjfa-33342	123	39	)	)	PUNCT
cjfa-33342	123	40	�	�	PROPN
cjfa-33342	123	41	≠	≠	PROPN
cjfa-33342	123	42	�	�	PROPN
cjfa-33342	123	43	1	1	NUM
cjfa-33342	123	44	+	+	CCONJ
cjfa-33342	123	45	r	r	PROPN
cjfa-33342	123	46	�	�	PROPN
cjfa-33342	123	47	(	(	PUNCT
cjfa-33342	123	48	�	�	NOUN
cjfa-33342	123	49	)	)	PUNCT
cjfa-33342	123	50	�	�	PROPN
cjfa-33342	123	51	�	�	PROPN
cjfa-33342	123	52	1	1	NUM
cjfa-33342	123	53	+	+	CCONJ
cjfa-33342	123	54	r	r	PROPN
cjfa-33342	123	55	�	�	PROPN
cjfa-33342	123	56	�	�	PROPN
cjfa-33342	123	57	�	�	PROPN
cjfa-33342	123	58	(	(	PUNCT
cjfa-33342	123	59	�	�	PROPN
cjfa-33342	123	60	)	)	PUNCT
cjfa-33342	123	61	�	�	PROPN
cjfa-33342	123	62	…	…	SYM
cjfa-33342	123	63	�	�	NOUN
cjfa-33342	123	64	1	1	NUM
cjfa-33342	123	65	+	+	CCONJ
cjfa-33342	123	66	r	r	PROPN
cjfa-33342	123	67	�	�	PROPN
cjfa-33342	123	68	�	�	PROPN
cjfa-33342	123	69	�	�	PROPN
cjfa-33342	123	70	(	(	PUNCT
cjfa-33342	123	71	�	�	PROPN
cjfa-33342	123	72	)	)	PUNCT
cjfa-33342	123	73	�	�	PROPN
cjfa-33342	123	74	(	(	PUNCT
cjfa-33342	123	75	1	1	NUM
cjfa-33342	123	76	)	)	PUNCT
cjfa-33342	123	77	where	where	SCONJ
cjfa-33342	123	78	r	r	NOUN
cjfa-33342	123	79	�	�	PROPN
cjfa-33342	123	80	(	(	PUNCT
cjfa-33342	123	81	�	�	PROPN
cjfa-33342	123	82	)	)	PUNCT
cjfa-33342	123	83	is	be	AUX
cjfa-33342	123	84	the	the	DET
cjfa-33342	123	85	long	long	ADJ
cjfa-33342	123	86	term	term	NOUN
cjfa-33342	123	87	rate	rate	NOUN
cjfa-33342	123	88	of	of	ADP
cjfa-33342	123	89	maturity	maturity	NOUN
cjfa-33342	123	90	n	n	CCONJ
cjfa-33342	123	91	,	,	PUNCT
cjfa-33342	123	92	and	and	CCONJ
cjfa-33342	123	93	r	r	X
cjfa-33342	123	94	�	�	PROPN
cjfa-33342	123	95	(	(	PUNCT
cjfa-33342	123	96	�	�	PROPN
cjfa-33342	123	97	)	)	PUNCT
cjfa-33342	123	98	is	be	AUX
cjfa-33342	123	99	the	the	DET
cjfa-33342	123	100	current	current	ADJ
cjfa-33342	123	101	short	short	ADJ
cjfa-33342	123	102	rate	rate	NOUN
cjfa-33342	123	103	,	,	PUNCT
cjfa-33342	123	104	and	and	CCONJ
cjfa-33342	123	105	r	r	NOUN
cjfa-33342	123	106	�	�	PROPN
cjfa-33342	123	107	�	�	PROPN
cjfa-33342	123	108	�	�	PROPN
cjfa-33342	123	109	(	(	PUNCT
cjfa-33342	123	110	�	�	PROPN
cjfa-33342	123	111	)	)	PUNCT
cjfa-33342	123	112	is	be	AUX
cjfa-33342	123	113	the	the	DET
cjfa-33342	123	114	future	future	ADJ
cjfa-33342	123	115	rate	rate	NOUN
cjfa-33342	123	116	at	at	ADP
cjfa-33342	123	117	time	time	NOUN
cjfa-33342	124	1	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	125	1	+	+	NUM
cjfa-33342	125	2	1𝑡	1𝑡	NOUN
cjfa-33342	125	3	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	125	4	+	+	CCONJ
cjfa-33342	125	5	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	125	6	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	125	7	+	+	CCONJ
cjfa-33342	125	8	𝑡𝑡	𝑡𝑡	ADJ
cjfa-33342	125	9	…	…	PUNCT
cjfa-33342	125	10	𝑡	𝑡	X
cjfa-33342	125	11	𝑡𝑡	𝑡𝑡	PROPN
cjfa-33342	125	12	+	+	CCONJ
cjfa-33342	125	13	𝑡𝑡.	𝑡𝑡.	ADP
cjfa-33342	125	14	lutz	lutz	NOUN
cjfa-33342	125	15	(	(	PUNCT
cjfa-33342	125	16	1940	1940	NUM
cjfa-33342	125	17	)	)	PUNCT
cjfa-33342	125	18	suggested	suggest	VERB
cjfa-33342	125	19	that	that	SCONJ
cjfa-33342	125	20	,	,	PUNCT
cjfa-33342	125	21	while	while	SCONJ
cjfa-33342	125	22	they	they	PRON
cjfa-33342	125	23	are	be	AUX
cjfa-33342	125	24	trying	try	VERB
cjfa-33342	125	25	to	to	PART
cjfa-33342	125	26	take	take	VERB
cjfa-33342	125	27	advantage	advantage	NOUN
cjfa-33342	125	28	of	of	ADP
cjfa-33342	125	29	this	this	DET
cjfa-33342	125	30	disequilibrium	disequilibrium	NOUN
cjfa-33342	125	31	situation	situation	NOUN
cjfa-33342	125	32	,	,	PUNCT
cjfa-33342	125	33	operators	operator	NOUN
cjfa-33342	125	34	on	on	ADP
cjfa-33342	125	35	the	the	DET
cjfa-33342	125	36	capital	capital	NOUN
cjfa-33342	125	37	market	market	NOUN
cjfa-33342	125	38	will	will	AUX
cjfa-33342	125	39	contribute	contribute	VERB
cjfa-33342	125	40	to	to	PART
cjfa-33342	125	41	bring	bring	VERB
cjfa-33342	125	42	the	the	DET
cjfa-33342	125	43	market	market	NOUN
cjfa-33342	125	44	back	back	ADV
cjfa-33342	125	45	in	in	ADP
cjfa-33342	125	46	a	a	DET
cjfa-33342	125	47	situation	situation	NOUN
cjfa-33342	125	48	of	of	ADP
cjfa-33342	125	49	general	general	ADJ
cjfa-33342	125	50	equilibrium	equilibrium	NOUN
cjfa-33342	125	51	.	.	PUNCT
cjfa-33342	126	1	the	the	DET
cjfa-33342	126	2	general	general	ADJ
cjfa-33342	126	3	equilibrium	equilibrium	NOUN
cjfa-33342	126	4	equation	equation	NOUN
cjfa-33342	126	5	is	be	AUX
cjfa-33342	126	6	as	as	SCONJ
cjfa-33342	126	7	follows	follow	VERB
cjfa-33342	126	8	:	:	PUNCT
cjfa-33342	126	9	(	(	PUNCT
cjfa-33342	126	10	1	1	NUM
cjfa-33342	126	11	+	+	CCONJ
cjfa-33342	126	12	r	r	NOUN
cjfa-33342	126	13	�	�	PROPN
cjfa-33342	126	14	(	(	PUNCT
cjfa-33342	126	15	�	�	PROPN
cjfa-33342	126	16	)	)	PUNCT
cjfa-33342	126	17	)	)	PUNCT
cjfa-33342	126	18	�	�	PROPN
cjfa-33342	126	19	=	=	SYM
cjfa-33342	126	20	�	�	PROPN
cjfa-33342	126	21	1	1	NUM
cjfa-33342	126	22	+	+	CCONJ
cjfa-33342	126	23	r	r	PROPN
cjfa-33342	126	24	�	�	PROPN
cjfa-33342	126	25	(	(	PUNCT
cjfa-33342	126	26	�	�	NOUN
cjfa-33342	126	27	)	)	PUNCT
cjfa-33342	126	28	�	�	PROPN
cjfa-33342	126	29	�	�	PROPN
cjfa-33342	126	30	1	1	NUM
cjfa-33342	126	31	+	+	CCONJ
cjfa-33342	126	32	r	r	PROPN
cjfa-33342	126	33	�	�	PROPN
cjfa-33342	126	34	�	�	PROPN
cjfa-33342	126	35	�	�	PROPN
cjfa-33342	126	36	(	(	PUNCT
cjfa-33342	126	37	�	�	PROPN
cjfa-33342	126	38	)	)	PUNCT
cjfa-33342	126	39	�	�	PROPN
cjfa-33342	126	40	…	…	SYM
cjfa-33342	126	41	�	�	NOUN
cjfa-33342	126	42	1	1	NUM
cjfa-33342	126	43	+	+	CCONJ
cjfa-33342	126	44	r	r	PROPN
cjfa-33342	126	45	�	�	PROPN
cjfa-33342	126	46	�	�	PROPN
cjfa-33342	126	47	�	�	PROPN
cjfa-33342	126	48	(	(	PUNCT
cjfa-33342	126	49	�	�	PROPN
cjfa-33342	126	50	)	)	PUNCT
cjfa-33342	126	51	�	�	PROPN
cjfa-33342	126	52	(	(	PUNCT
cjfa-33342	126	53	𝑡	𝑡	PROPN
cjfa-33342	126	54	)	)	PUNCT
cjfa-33342	126	55	the	the	DET
cjfa-33342	126	56	future	future	ADJ
cjfa-33342	126	57	short	short	ADJ
cjfa-33342	126	58	rates	rate	NOUN
cjfa-33342	126	59	in	in	ADP
cjfa-33342	126	60	that	that	DET
cjfa-33342	126	61	equilibrium	equilibrium	NOUN
cjfa-33342	126	62	context	context	NOUN
cjfa-33342	126	63	are	be	AUX
cjfa-33342	126	64	called	call	VERB
cjfa-33342	126	65	the	the	DET
cjfa-33342	126	66	implicit	implicit	ADJ
cjfa-33342	126	67	forward	forward	ADJ
cjfa-33342	126	68	rates	rate	NOUN
cjfa-33342	126	69	.	.	PUNCT
cjfa-33342	127	1	considering	consider	VERB
cjfa-33342	127	2	the	the	DET
cjfa-33342	127	3	fact	fact	NOUN
cjfa-33342	127	4	that	that	SCONJ
cjfa-33342	127	5	lim	lim	PROPN
cjfa-33342	127	6	�	�	PROPN
cjfa-33342	127	7	�	�	PROPN
cjfa-33342	127	8	�	�	PROPN
cjfa-33342	127	9	ln(1	ln(1	PROPN
cjfa-33342	127	10	+	+	CCONJ
cjfa-33342	127	11	x	x	X
cjfa-33342	127	12	)	)	PUNCT
cjfa-33342	127	13	=	=	SYM
cjfa-33342	127	14	𝑥𝑥	𝑥𝑥	ADP
cjfa-33342	127	15	,	,	PUNCT
cjfa-33342	127	16	sargent	sargent	PROPN
cjfa-33342	127	17	(	(	PUNCT
cjfa-33342	127	18	1972	1972	NUM
cjfa-33342	127	19	)	)	PUNCT
cjfa-33342	127	20	rewrite	rewrite	VERB
cjfa-33342	127	21	it	it	PRON
cjfa-33342	127	22	as	as	SCONJ
cjfa-33342	127	23	follows	follow	VERB
cjfa-33342	127	24	:	:	PUNCT
cjfa-33342	127	25	r	r	X
cjfa-33342	127	26	�	�	PROPN
cjfa-33342	127	27	(	(	PUNCT
cjfa-33342	127	28	�	�	PROPN
cjfa-33342	127	29	)	)	PUNCT
cjfa-33342	127	30	=	=	SYM
cjfa-33342	127	31	1	1	NUM
cjfa-33342	127	32	n	n	PRON
cjfa-33342	127	33	�	�	PROPN
cjfa-33342	127	34	r	r	NOUN
cjfa-33342	127	35	�	�	PROPN
cjfa-33342	127	36	�	�	PROPN
cjfa-33342	127	37	�	�	PROPN
cjfa-33342	127	38	(	(	PUNCT
cjfa-33342	127	39	�	�	PROPN
cjfa-33342	127	40	)	)	PUNCT
cjfa-33342	127	41	�	�	PROPN
cjfa-33342	127	42	�	�	PROPN
cjfa-33342	127	43	�	�	PROPN
cjfa-33342	127	44	�	�	PROPN
cjfa-33342	127	45	�	�	PROPN
cjfa-33342	127	46	�	�	PROPN
cjfa-33342	127	47	(	(	PUNCT
cjfa-33342	127	48	𝑡	𝑡	PROPN
cjfa-33342	127	49	)	)	PUNCT
cjfa-33342	127	50	this	this	PRON
cjfa-33342	127	51	is	be	AUX
cjfa-33342	127	52	to	to	PART
cjfa-33342	127	53	say	say	VERB
cjfa-33342	127	54	that	that	SCONJ
cjfa-33342	127	55	the	the	DET
cjfa-33342	127	56	long	long	ADJ
cjfa-33342	127	57	-	-	PUNCT
cjfa-33342	127	58	term	term	NOUN
cjfa-33342	127	59	yield	yield	NOUN
cjfa-33342	127	60	is	be	AUX
cjfa-33342	127	61	a	a	DET
cjfa-33342	127	62	portfolio	portfolio	NOUN
cjfa-33342	127	63	of	of	ADP
cjfa-33342	127	64	short	short	ADJ
cjfa-33342	127	65	term	term	NOUN
cjfa-33342	127	66	yield	yield	NOUN
cjfa-33342	127	67	of	of	ADP
cjfa-33342	127	68	the	the	DET
cjfa-33342	127	69	same	same	ADJ
cjfa-33342	127	70	maturity	maturity	NOUN
cjfa-33342	127	71	and	and	CCONJ
cjfa-33342	127	72	equivalent	equivalent	ADJ
cjfa-33342	127	73	weight	weight	NOUN
cjfa-33342	127	74	.	.	PUNCT
cjfa-33342	128	1	lutz	lutz	PROPN
cjfa-33342	128	2	(	(	PUNCT
cjfa-33342	128	3	1940	1940	NUM
cjfa-33342	128	4	)	)	PUNCT
cjfa-33342	128	5	was	be	AUX
cjfa-33342	128	6	criticised	criticise	VERB
cjfa-33342	128	7	on	on	ADP
cjfa-33342	128	8	the	the	DET
cjfa-33342	128	9	fact	fact	NOUN
cjfa-33342	128	10	that	that	SCONJ
cjfa-33342	128	11	he	he	PRON
cjfa-33342	128	12	assumed	assume	VERB
cjfa-33342	128	13	that	that	SCONJ
cjfa-33342	128	14	operators	operator	NOUN
cjfa-33342	128	15	are	be	AUX
cjfa-33342	128	16	gods	god	NOUN
cjfa-33342	128	17	alike	alike	ADV
cjfa-33342	128	18	,	,	PUNCT
cjfa-33342	128	19	knowing	know	VERB
cjfa-33342	128	20	with	with	ADP
cjfa-33342	128	21	certainty	certainty	NOUN
cjfa-33342	128	22	all	all	DET
cjfa-33342	128	23	the	the	DET
cjfa-33342	128	24	future	future	ADJ
cjfa-33342	128	25	short	short	ADJ
cjfa-33342	128	26	interest	interest	NOUN
cjfa-33342	128	27	rates	rate	NOUN
cjfa-33342	128	28	.	.	PUNCT
cjfa-33342	129	1	since	since	SCONJ
cjfa-33342	129	2	this	this	PRON
cjfa-33342	129	3	is	be	AUX
cjfa-33342	129	4	not	not	PART
cjfa-33342	129	5	true	true	ADJ
cjfa-33342	129	6	,	,	PUNCT
cjfa-33342	129	7	(	(	PUNCT
cjfa-33342	129	8	3	3	X
cjfa-33342	129	9	)	)	PUNCT
cjfa-33342	129	10	this	this	PRON
cjfa-33342	129	11	is	be	AUX
cjfa-33342	129	12	to	to	PART
cjfa-33342	129	13	say	say	VERB
cjfa-33342	129	14	that	that	SCONJ
cjfa-33342	129	15	the	the	DET
cjfa-33342	129	16	long	long	ADJ
cjfa-33342	129	17	-	-	PUNCT
cjfa-33342	129	18	term	term	NOUN
cjfa-33342	129	19	yield	yield	NOUN
cjfa-33342	129	20	is	be	AUX
cjfa-33342	129	21	a	a	DET
cjfa-33342	129	22	portfolio	portfolio	NOUN
cjfa-33342	129	23	of	of	ADP
cjfa-33342	129	24	short	short	ADJ
cjfa-33342	129	25	term	term	NOUN
cjfa-33342	129	26	yield	yield	NOUN
cjfa-33342	129	27	of	of	ADP
cjfa-33342	129	28	the	the	DET
cjfa-33342	129	29	same	same	ADJ
cjfa-33342	129	30	maturity	maturity	NOUN
cjfa-33342	129	31	and	and	CCONJ
cjfa-33342	129	32	equivalent	equivalent	ADJ
cjfa-33342	129	33	weight	weight	NOUN
cjfa-33342	129	34	.	.	PUNCT
cjfa-33342	130	1	lutz	lutz	PROPN
cjfa-33342	130	2	(	(	PUNCT
cjfa-33342	130	3	1940	1940	NUM
cjfa-33342	130	4	)	)	PUNCT
cjfa-33342	130	5	was	be	AUX
cjfa-33342	130	6	criticised	criticise	VERB
cjfa-33342	130	7	on	on	ADP
cjfa-33342	130	8	the	the	DET
cjfa-33342	130	9	fact	fact	NOUN
cjfa-33342	130	10	that	that	SCONJ
cjfa-33342	130	11	he	he	PRON
cjfa-33342	130	12	assumed	assume	VERB
cjfa-33342	130	13	that	that	SCONJ
cjfa-33342	130	14	operators	operator	NOUN
cjfa-33342	130	15	are	be	AUX
cjfa-33342	130	16	gods	god	NOUN
cjfa-33342	130	17	alike	alike	ADV
cjfa-33342	130	18	,	,	PUNCT
cjfa-33342	130	19	knowing	know	VERB
cjfa-33342	130	20	with	with	ADP
cjfa-33342	130	21	certainty	certainty	NOUN
cjfa-33342	130	22	all	all	DET
cjfa-33342	130	23	the	the	DET
cjfa-33342	130	24	future	future	ADJ
cjfa-33342	130	25	short	short	ADJ
cjfa-33342	130	26	interest	interest	NOUN
cjfa-33342	130	27	rates	rate	NOUN
cjfa-33342	130	28	.	.	PUNCT
cjfa-33342	131	1	since	since	SCONJ
cjfa-33342	131	2	this	this	PRON
cjfa-33342	131	3	is	be	AUX
cjfa-33342	131	4	not	not	PART
cjfa-33342	131	5	true	true	ADJ
cjfa-33342	131	6	,	,	PUNCT
cjfa-33342	131	7	there	there	PRON
cjfa-33342	131	8	is	be	VERB
cjfa-33342	131	9	a	a	DET
cjfa-33342	131	10	risk	risk	NOUN
cjfa-33342	131	11	that	that	PRON
cjfa-33342	131	12	should	should	AUX
cjfa-33342	131	13	be	be	AUX
cjfa-33342	131	14	priced	price	VERB
cjfa-33342	131	15	.	.	PUNCT
cjfa-33342	132	1	hick	hick	PROPN
cjfa-33342	132	2	(	(	PUNCT
cjfa-33342	132	3	1939	1939	NUM
cjfa-33342	132	4	)	)	PUNCT
cjfa-33342	132	5	calls	call	VERB
cjfa-33342	132	6	it	it	PRON
cjfa-33342	132	7	a	a	DET
cjfa-33342	132	8	liquidity	liquidity	NOUN
cjfa-33342	132	9	premium	premium	NOUN
cjfa-33342	132	10	in	in	ADP
cjfa-33342	132	11	his	his	PRON
cjfa-33342	132	12	liquidity	liquidity	NOUN
cjfa-33342	132	13	premium	premium	NOUN
cjfa-33342	132	14	theory	theory	NOUN
cjfa-33342	132	15	,	,	PUNCT
cjfa-33342	132	16	while	while	SCONJ
cjfa-33342	132	17	modigliani	modigliani	ADJ
cjfa-33342	132	18	and	and	CCONJ
cjfa-33342	132	19	sutch	sutch	ADJ
cjfa-33342	132	20	(	(	PUNCT
cjfa-33342	132	21	1966	1966	NUM
cjfa-33342	132	22	)	)	PUNCT
cjfa-33342	132	23	call	call	VERB
cjfa-33342	132	24	it	it	PRON
cjfa-33342	132	25	the	the	DET
cjfa-33342	132	26	risk	risk	NOUN
cjfa-33342	132	27	premium	premium	NOUN
cjfa-33342	132	28	in	in	ADP
cjfa-33342	132	29	his	his	PRON
cjfa-33342	132	30	preferred	preferred	ADJ
cjfa-33342	132	31	habitat	habitat	NOUN
cjfa-33342	132	32	theory	theory	NOUN
cjfa-33342	132	33	.	.	PUNCT
cjfa-33342	133	1	the	the	DET
cjfa-33342	133	2	general	general	ADJ
cjfa-33342	133	3	equilibrium	equilibrium	NOUN
cjfa-33342	133	4	becomes	become	VERB
cjfa-33342	133	5	in	in	ADP
cjfa-33342	133	6	this	this	DET
cjfa-33342	133	7	context	context	NOUN
cjfa-33342	133	8	as	as	SCONJ
cjfa-33342	133	9	follows	follow	VERB
cjfa-33342	133	10	:	:	PUNCT
cjfa-33342	133	11	there	there	PRON
cjfa-33342	133	12	is	be	VERB
cjfa-33342	133	13	a	a	DET
cjfa-33342	133	14	risk	risk	NOUN
cjfa-33342	133	15	that	that	PRON
cjfa-33342	133	16	should	should	AUX
cjfa-33342	133	17	be	be	AUX
cjfa-33342	133	18	priced	price	VERB
cjfa-33342	133	19	.	.	PUNCT
cjfa-33342	134	1	hick	hick	PROPN
cjfa-33342	134	2	(	(	PUNCT
cjfa-33342	134	3	1939	1939	NUM
cjfa-33342	134	4	)	)	PUNCT
cjfa-33342	134	5	calls	call	VERB
cjfa-33342	134	6	it	it	PRON
cjfa-33342	134	7	a	a	DET
cjfa-33342	134	8	liquidity	liquidity	NOUN
cjfa-33342	134	9	premium	premium	NOUN
cjfa-33342	134	10	in	in	ADP
cjfa-33342	134	11	his	his	PRON
cjfa-33342	134	12	liquidity	liquidity	NOUN
cjfa-33342	134	13	premium	premium	NOUN
cjfa-33342	134	14	theory	theory	NOUN
cjfa-33342	134	15	,	,	PUNCT
cjfa-33342	134	16	while	while	SCONJ
cjfa-33342	134	17	modigliani	modigliani	ADJ
cjfa-33342	134	18	and	and	CCONJ
cjfa-33342	134	19	sutch	sutch	ADJ
cjfa-33342	134	20	(	(	PUNCT
cjfa-33342	134	21	1966	1966	NUM
cjfa-33342	134	22	)	)	PUNCT
cjfa-33342	134	23	call	call	VERB
cjfa-33342	134	24	it	it	PRON
cjfa-33342	134	25	the	the	DET
cjfa-33342	134	26	risk	risk	NOUN
cjfa-33342	134	27	premium	premium	NOUN
cjfa-33342	134	28	in	in	ADP
cjfa-33342	134	29	his	his	PRON
cjfa-33342	134	30	preferred	preferred	ADJ
cjfa-33342	134	31	habitat	habitat	NOUN
cjfa-33342	134	32	theory	theory	NOUN
cjfa-33342	134	33	.	.	PUNCT
cjfa-33342	135	1	the	the	DET
cjfa-33342	135	2	general	general	ADJ
cjfa-33342	135	3	equilibrium	equilibrium	NOUN
cjfa-33342	135	4	becomes	become	VERB
cjfa-33342	135	5	in	in	ADP
cjfa-33342	135	6	this	this	DET
cjfa-33342	135	7	context	context	NOUN
cjfa-33342	135	8	as	as	SCONJ
cjfa-33342	135	9	follows	follow	VERB
cjfa-33342	135	10	:	:	PUNCT
cjfa-33342	136	1	r	r	X
cjfa-33342	136	2	�	�	PROPN
cjfa-33342	136	3	(	(	PUNCT
cjfa-33342	136	4	�	�	PROPN
cjfa-33342	136	5	)	)	PUNCT
cjfa-33342	136	6	=	=	SYM
cjfa-33342	137	1	1	1	NUM
cjfa-33342	137	2	n	n	PRON
cjfa-33342	137	3	�	�	PROPN
cjfa-33342	137	4	r	r	NOUN
cjfa-33342	137	5	�	�	PROPN
cjfa-33342	137	6	�	�	PROPN
cjfa-33342	137	7	�	�	PROPN
cjfa-33342	137	8	(	(	PUNCT
cjfa-33342	137	9	�	�	PROPN
cjfa-33342	137	10	)	)	PUNCT
cjfa-33342	137	11	�	�	PROPN
cjfa-33342	137	12	�	�	PROPN
cjfa-33342	137	13	�	�	PROPN
cjfa-33342	137	14	�	�	PROPN
cjfa-33342	137	15	�	�	PROPN
cjfa-33342	137	16	�	�	PROPN
cjfa-33342	137	17	+	+	CCONJ
cjfa-33342	137	18	𝜋𝜋	𝜋𝜋	PROPN
cjfa-33342	137	19	�	�	PROPN
cjfa-33342	137	20	(	(	PUNCT
cjfa-33342	137	21	4	4	NUM
cjfa-33342	137	22	)	)	PUNCT
cjfa-33342	137	23	where	where	SCONJ
cjfa-33342	137	24	𝜋𝜋	𝜋𝜋	NOUN
cjfa-33342	137	25	�	�	PROPN
cjfa-33342	137	26	represents	represent	VERB
cjfa-33342	137	27	the	the	DET
cjfa-33342	137	28	risk	risk	NOUN
cjfa-33342	137	29	premium	premium	NOUN
cjfa-33342	137	30	or	or	CCONJ
cjfa-33342	137	31	the	the	DET
cjfa-33342	137	32	liquidity	liquidity	NOUN
cjfa-33342	137	33	premium	premium	NOUN
cjfa-33342	137	34	corresponding	correspond	VERB
cjfa-33342	137	35	to	to	ADP
cjfa-33342	137	36	the	the	DET
cjfa-33342	137	37	ith	ith	PROPN
cjfa-33342	137	38	expected	expect	VERB
cjfa-33342	137	39	rate	rate	NOUN
cjfa-33342	137	40	,	,	PUNCT
cjfa-33342	137	41	with	with	ADP
cjfa-33342	137	42	𝜋𝜋	𝜋𝜋	NOUN
cjfa-33342	137	43	�	�	PROPN
cjfa-33342	137	44	=	=	SYM
cjfa-33342	137	45	0	0	NUM
cjfa-33342	137	46	.	.	PUNCT
cjfa-33342	138	1	the	the	DET
cjfa-33342	138	2	expectations	expectation	NOUN
cjfa-33342	138	3	hypothesis	hypothesis	NOUN
cjfa-33342	138	4	,	,	PUNCT
cjfa-33342	138	5	as	as	SCONJ
cjfa-33342	138	6	it	it	PRON
cjfa-33342	138	7	is	be	AUX
cjfa-33342	138	8	defined	define	VERB
cjfa-33342	138	9	in	in	ADP
cjfa-33342	138	10	the	the	DET
cjfa-33342	138	11	literature	literature	NOUN
cjfa-33342	138	12	,	,	PUNCT
cjfa-33342	138	13	considers	consider	VERB
cjfa-33342	138	14	all	all	DET
cjfa-33342	138	15	these	these	DET
cjfa-33342	138	16	three	three	NUM
cjfa-33342	138	17	theories	theory	NOUN
cjfa-33342	138	18	.	.	PUNCT
cjfa-33342	139	1	the	the	DET
cjfa-33342	139	2	tests	test	NOUN
cjfa-33342	139	3	of	of	ADP
cjfa-33342	139	4	expectation	expectation	NOUN
cjfa-33342	139	5	hypothesis	hypothesis	NOUN
cjfa-33342	139	6	in	in	ADP
cjfa-33342	139	7	the	the	DET
cjfa-33342	139	8	literature	literature	NOUN
cjfa-33342	139	9	there	there	PRON
cjfa-33342	139	10	are	be	VERB
cjfa-33342	139	11	several	several	ADJ
cjfa-33342	139	12	approaches	approach	NOUN
cjfa-33342	139	13	to	to	PART
cjfa-33342	139	14	test	test	VERB
cjfa-33342	139	15	the	the	DET
cjfa-33342	139	16	expectation	expectation	NOUN
cjfa-33342	139	17	hypothesis	hypothesis	NOUN
cjfa-33342	139	18	in	in	ADP
cjfa-33342	139	19	the	the	DET
cjfa-33342	139	20	financial	financial	ADJ
cjfa-33342	139	21	literature	literature	NOUN
cjfa-33342	139	22	,	,	PUNCT
cjfa-33342	139	23	including	include	VERB
cjfa-33342	139	24	the	the	DET
cjfa-33342	139	25	standard	standard	ADJ
cjfa-33342	139	26	models	model	NOUN
cjfa-33342	139	27	of	of	ADP
cjfa-33342	139	28	shiller	shiller	PROPN
cjfa-33342	139	29	and	and	CCONJ
cjfa-33342	139	30	mcculloch	mcculloch	PROPN
cjfa-33342	139	31	(	(	PUNCT
cjfa-33342	139	32	1990	1990	NUM
cjfa-33342	139	33	)	)	PUNCT
cjfa-33342	139	34	,	,	PUNCT
cjfa-33342	139	35	the	the	DET
cjfa-33342	139	36	var	var	NOUN
cjfa-33342	139	37	models	model	NOUN
cjfa-33342	139	38	of	of	ADP
cjfa-33342	139	39	campbell	campbell	PROPN
cjfa-33342	139	40	and	and	CCONJ
cjfa-33342	139	41	shiller	shiller	PROPN
cjfa-33342	139	42	(	(	PUNCT
cjfa-33342	139	43	1991	1991	NUM
cjfa-33342	139	44	)	)	PUNCT
cjfa-33342	139	45	and	and	CCONJ
cjfa-33342	139	46	the	the	DET
cjfa-33342	139	47	orthogonal	orthogonal	ADJ
cjfa-33342	139	48	models	model	NOUN
cjfa-33342	139	49	of	of	ADP
cjfa-33342	139	50	bekaert	bekaert	NOUN
cjfa-33342	139	51	,	,	PUNCT
cjfa-33342	139	52	hodrick	hodrick	PROPN
cjfa-33342	139	53	and	and	CCONJ
cjfa-33342	139	54	marshall	marshall	PROPN
cjfa-33342	139	55	(	(	PUNCT
cjfa-33342	139	56	1997	1997	NUM
cjfa-33342	139	57	)	)	PUNCT
cjfa-33342	139	58	.	.	PUNCT
cjfa-33342	140	1	the	the	DET
cjfa-33342	140	2	standard	standard	ADJ
cjfa-33342	140	3	models	model	NOUN
cjfa-33342	140	4	of	of	ADP
cjfa-33342	140	5	shiller	shiller	PROPN
cjfa-33342	140	6	and	and	CCONJ
cjfa-33342	140	7	mcculloch	mcculloch	PROPN
cjfa-33342	140	8	(	(	PUNCT
cjfa-33342	140	9	1990	1990	NUM
cjfa-33342	140	10	)	)	PUNCT
cjfa-33342	140	11	and	and	CCONJ
cjfa-33342	140	12	the	the	DET
cjfa-33342	140	13	orthogonal	orthogonal	ADJ
cjfa-33342	140	14	models	model	NOUN
cjfa-33342	140	15	of	of	ADP
cjfa-33342	140	16	bekaert	bekaert	NOUN
cjfa-33342	140	17	et	et	PROPN
cjfa-33342	140	18	al	al	PROPN
cjfa-33342	140	19	.	.	PROPN
cjfa-33342	140	20	(	(	PUNCT
cjfa-33342	140	21	1997	1997	NUM
cjfa-33342	140	22	)	)	PUNCT
cjfa-33342	140	23	are	be	AUX
cjfa-33342	140	24	determined	determine	VERB
cjfa-33342	140	25	from	from	ADP
cjfa-33342	140	26	the	the	DET
cjfa-33342	140	27	ex	ex	NOUN
cjfa-33342	140	28	-	-	ADJ
cjfa-33342	140	29	post	post	ADJ
cjfa-33342	140	30	risk	risk	NOUN
cjfa-33342	140	31	premium	premium	NOUN
cjfa-33342	140	32	.	.	PUNCT
cjfa-33342	141	1	indeed	indeed	ADV
cjfa-33342	141	2	,	,	PUNCT
cjfa-33342	141	3	three	three	NUM
cjfa-33342	141	4	time	time	NOUN
cjfa-33342	141	5	-	-	PUNCT
cjfa-33342	141	6	independent	independent	ADJ
cjfa-33342	141	7	term	term	NOUN
cjfa-33342	141	8	risk	risk	NOUN
cjfa-33342	141	9	premiums	premium	NOUN
cjfa-33342	141	10	can	can	AUX
cjfa-33342	141	11	be	be	AUX
cjfa-33342	141	12	distinguished	distinguish	VERB
cjfa-33342	141	13	:	:	PUNCT
cjfa-33342	141	14	the	the	DET
cjfa-33342	141	15	yield	yield	NOUN
cjfa-33342	141	16	term	term	NOUN
cjfa-33342	141	17	premium	premium	NOUN
cjfa-33342	141	18	,	,	PUNCT
cjfa-33342	141	19	the	the	DET
cjfa-33342	141	20	forward	forward	ADJ
cjfa-33342	141	21	term	term	NOUN
cjfa-33342	141	22	premium	premium	NOUN
cjfa-33342	141	23	and	and	CCONJ
cjfa-33342	141	24	the	the	DET
cjfa-33342	141	25	holding	holding	NOUN
cjfa-33342	141	26	-	-	PUNCT
cjfa-33342	141	27	period	period	NOUN
cjfa-33342	141	28	premium	premium	NOUN
cjfa-33342	141	29	(	(	PUNCT
cjfa-33342	141	30	shiller	shiller	PROPN
cjfa-33342	141	31	&	&	CCONJ
cjfa-33342	141	32	mcculloch	mcculloch	PROPN
cjfa-33342	141	33	,	,	PUNCT
cjfa-33342	141	34	1990	1990	NUM
cjfa-33342	141	35	)	)	PUNCT
cjfa-33342	141	36	.	.	PUNCT
cjfa-33342	142	1	but	but	CCONJ
cjfa-33342	142	2	,	,	PUNCT
cjfa-33342	142	3	while	while	SCONJ
cjfa-33342	142	4	the	the	DET
cjfa-33342	142	5	orthogonal	orthogonal	ADJ
cjfa-33342	142	6	models	model	NOUN
cjfa-33342	142	7	consider	consider	VERB
cjfa-33342	142	8	the	the	DET
cjfa-33342	142	9	ex	ex	ADJ
cjfa-33342	142	10	-	-	ADJ
cjfa-33342	142	11	post	post	ADJ
cjfa-33342	142	12	term	term	NOUN
cjfa-33342	142	13	premium	premium	NOUN
cjfa-33342	142	14	as	as	ADP
cjfa-33342	142	15	an	an	DET
cjfa-33342	142	16	unpredictable	unpredictable	ADJ
cjfa-33342	142	17	"	"	PUNCT
cjfa-33342	142	18	surprise	surprise	NOUN
cjfa-33342	142	19	"	"	PUNCT
cjfa-33342	142	20	under	under	ADP
cjfa-33342	142	21	the	the	DET
cjfa-33342	142	22	expectation	expectation	NOUN
cjfa-33342	142	23	hypothesis	hypothesis	NOUN
cjfa-33342	142	24	(	(	PUNCT
cjfa-33342	142	25	the	the	DET
cjfa-33342	142	26	regression	regression	NOUN
cjfa-33342	142	27	coefficient	coefficient	NOUN
cjfa-33342	142	28	of	of	ADP
cjfa-33342	142	29	the	the	DET
cjfa-33342	142	30	long	long	ADJ
cjfa-33342	142	31	or	or	CCONJ
cjfa-33342	142	32	short	short	ADJ
cjfa-33342	142	33	rate	rate	NOUN
cjfa-33342	142	34	on	on	ADP
cjfa-33342	142	35	that	that	DET
cjfa-33342	142	36	premium	premium	NOUN
cjfa-33342	142	37	should	should	AUX
cjfa-33342	142	38	be	be	AUX
cjfa-33342	142	39	null	null	ADJ
cjfa-33342	142	40	)	)	PUNCT
cjfa-33342	142	41	,	,	PUNCT
cjfa-33342	142	42	the	the	DET
cjfa-33342	142	43	standard	standard	ADJ
cjfa-33342	142	44	models	model	NOUN
cjfa-33342	142	45	of	of	ADP
cjfa-33342	142	46	shiller	shiller	PROPN
cjfa-33342	142	47	and	and	CCONJ
cjfa-33342	142	48	mcculloch	mcculloch	PROPN
cjfa-33342	142	49	(	(	PUNCT
cjfa-33342	142	50	1990	1990	NUM
cjfa-33342	142	51	)	)	PUNCT
cjfa-33342	142	52	are	be	AUX
cjfa-33342	142	53	simple	simple	ADJ
cjfa-33342	142	54	linear	linear	ADJ
cjfa-33342	142	55	regression	regression	NOUN
cjfa-33342	142	56	models	model	NOUN
cjfa-33342	142	57	where	where	SCONJ
cjfa-33342	142	58	the	the	DET
cjfa-33342	142	59	dependent	dependent	ADJ
cjfa-33342	142	60	variable	variable	NOUN
cjfa-33342	142	61	is	be	AUX
cjfa-33342	142	62	a	a	DET
cjfa-33342	142	63	rate	rate	NOUN
cjfa-33342	142	64	variation	variation	NOUN
cjfa-33342	142	65	and	and	CCONJ
cjfa-33342	142	66	the	the	DET
cjfa-33342	142	67	explanatory	explanatory	ADJ
cjfa-33342	142	68	variable	variable	NOUN
cjfa-33342	142	69	a	a	DET
cjfa-33342	142	70	spread	spread	NOUN
cjfa-33342	142	71	(	(	PUNCT
cjfa-33342	142	72	jondeau	jondeau	PROPN
cjfa-33342	142	73	&	&	CCONJ
cjfa-33342	142	74	ricart	ricart	PROPN
cjfa-33342	142	75	,	,	PUNCT
cjfa-33342	142	76	1999	1999	NUM
cjfa-33342	142	77	)	)	PUNCT
cjfa-33342	142	78	.	.	PUNCT
cjfa-33342	143	1	the	the	DET
cjfa-33342	143	2	orthogonal	orthogonal	ADJ
cjfa-33342	143	3	models	model	NOUN
cjfa-33342	143	4	seek	seek	VERB
cjfa-33342	143	5	to	to	PART
cjfa-33342	143	6	resolve	resolve	VERB
cjfa-33342	143	7	the	the	DET
cjfa-33342	143	8	problem	problem	NOUN
cjfa-33342	143	9	of	of	ADP
cjfa-33342	143	10	the	the	DET
cjfa-33342	143	11	poor	poor	ADJ
cjfa-33342	143	12	small	small	ADJ
cjfa-33342	143	13	samples	sample	NOUN
cjfa-33342	143	14	properties	property	NOUN
cjfa-33342	143	15	of	of	ADP
cjfa-33342	143	16	the	the	DET
cjfa-33342	143	17	standard	standard	ADJ
cjfa-33342	143	18	model	model	NOUN
cjfa-33342	143	19	(	(	PUNCT
cjfa-33342	143	20	longstaff	longstaff	NOUN
cjfa-33342	143	21	,	,	PUNCT
cjfa-33342	143	22	2000	2000	NUM
cjfa-33342	143	23	)	)	PUNCT
cjfa-33342	143	24	.	.	PUNCT
cjfa-33342	144	1	they	they	PRON
cjfa-33342	144	2	used	use	VERB
cjfa-33342	144	3	a	a	DET
cjfa-33342	144	4	monte	monte	PROPN
cjfa-33342	144	5	carlo	carlo	PROPN
cjfa-33342	144	6	simulation	simulation	NOUN
cjfa-33342	144	7	to	to	ADP
cjfa-33342	144	8	this	this	DET
cjfa-33342	144	9	end	end	NOUN
cjfa-33342	144	10	.	.	PUNCT
cjfa-33342	145	1	but	but	CCONJ
cjfa-33342	145	2	they	they	PRON
cjfa-33342	145	3	are	be	AUX
cjfa-33342	145	4	unclear	unclear	ADJ
cjfa-33342	145	5	about	about	ADP
cjfa-33342	145	6	the	the	DET
cjfa-33342	145	7	predictive	predictive	ADJ
cjfa-33342	145	8	power	power	NOUN
cjfa-33342	145	9	of	of	ADP
cjfa-33342	145	10	the	the	DET
cjfa-33342	145	11	implicit	implicit	ADJ
cjfa-33342	145	12	forward	forward	ADJ
cjfa-33342	145	13	rate	rate	NOUN
cjfa-33342	145	14	.	.	PUNCT
cjfa-33342	146	1	the	the	DET
cjfa-33342	146	2	var	var	NOUN
cjfa-33342	146	3	model	model	NOUN
cjfa-33342	146	4	of	of	ADP
cjfa-33342	146	5	campbell	campbell	PROPN
cjfa-33342	146	6	and	and	CCONJ
cjfa-33342	146	7	shiller	shiller	PROPN
cjfa-33342	146	8	(	(	PUNCT
cjfa-33342	146	9	1991	1991	NUM
cjfa-33342	146	10	)	)	PUNCT
cjfa-33342	146	11	also	also	ADV
cjfa-33342	146	12	try	try	VERB
cjfa-33342	146	13	to	to	PART
cjfa-33342	146	14	deal	deal	VERB
cjfa-33342	146	15	with	with	ADP
cjfa-33342	146	16	the	the	DET
cjfa-33342	146	17	standard	standard	ADJ
cjfa-33342	146	18	models	model	NOUN
cjfa-33342	146	19	biases	bias	NOUN
cjfa-33342	146	20	,	,	PUNCT
cjfa-33342	146	21	including	include	VERB
cjfa-33342	146	22	overlapping	overlap	VERB
cjfa-33342	146	23	errors	error	NOUN
cjfa-33342	146	24	.	.	PUNCT
cjfa-33342	147	1	this	this	DET
cjfa-33342	147	2	approach	approach	NOUN
cjfa-33342	147	3	provides	provide	VERB
cjfa-33342	147	4	some	some	DET
cjfa-33342	147	5	information	information	NOUN
cjfa-33342	147	6	about	about	ADP
cjfa-33342	147	7	the	the	DET
cjfa-33342	147	8	similarity	similarity	NOUN
cjfa-33342	147	9	of	of	ADP
cjfa-33342	147	10	current	current	ADJ
cjfa-33342	147	11	spread	spread	VERB
cjfa-33342	147	12	movements	movement	NOUN
cjfa-33342	147	13	relatively	relatively	ADV
cjfa-33342	147	14	to	to	ADP
cjfa-33342	147	15	those	those	PRON
cjfa-33342	147	16	implied	imply	VERB
cjfa-33342	147	17	by	by	ADP
cjfa-33342	147	18	the	the	DET
cjfa-33342	147	19	expectations	expectation	NOUN
cjfa-33342	147	20	hypothesis	hypothesis	NOUN
cjfa-33342	147	21	(	(	PUNCT
cjfa-33342	147	22	campbell	campbell	PROPN
cjfa-33342	147	23	&	&	CCONJ
cjfa-33342	147	24	shiller	shiller	PROPN
cjfa-33342	147	25	,	,	PUNCT
cjfa-33342	147	26	1991	1991	NUM
cjfa-33342	147	27	)	)	PUNCT
cjfa-33342	147	28	.	.	PUNCT
cjfa-33342	148	1	if	if	SCONJ
cjfa-33342	148	2	the	the	DET
cjfa-33342	148	3	purpose	purpose	NOUN
cjfa-33342	148	4	is	be	AUX
cjfa-33342	148	5	to	to	PART
cjfa-33342	148	6	evaluate	evaluate	VERB
cjfa-33342	148	7	the	the	DET
cjfa-33342	148	8	ability	ability	NOUN
cjfa-33342	148	9	of	of	ADP
cjfa-33342	148	10	the	the	DET
cjfa-33342	148	11	expectation	expectation	NOUN
cjfa-33342	148	12	hypothesis	hypothesis	NOUN
cjfa-33342	148	13	to	to	PART
cjfa-33342	148	14	predict	predict	VERB
cjfa-33342	148	15	the	the	DET
cjfa-33342	148	16	slope	slope	NOUN
cjfa-33342	148	17	of	of	ADP
cjfa-33342	148	18	the	the	DET
cjfa-33342	148	19	yield	yield	NOUN
cjfa-33342	148	20	curve	curve	NOUN
cjfa-33342	148	21	,	,	PUNCT
cjfa-33342	148	22	then	then	ADV
cjfa-33342	148	23	the	the	DET
cjfa-33342	148	24	linear	linear	ADJ
cjfa-33342	148	25	regression	regression	NOUN
cjfa-33342	148	26	would	would	AUX
cjfa-33342	148	27	not	not	PART
cjfa-33342	148	28	be	be	AUX
cjfa-33342	148	29	the	the	DET
cjfa-33342	148	30	most	most	ADV
cjfa-33342	148	31	appropriate	appropriate	ADJ
cjfa-33342	148	32	(	(	PUNCT
cjfa-33342	148	33	4	4	NUM
cjfa-33342	148	34	)	)	PUNCT
cjfa-33342	148	35	where	where	SCONJ
cjfa-33342	148	36	represents	represent	VERB
cjfa-33342	148	37	the	the	DET
cjfa-33342	148	38	risk	risk	NOUN
cjfa-33342	148	39	premium	premium	NOUN
cjfa-33342	148	40	or	or	CCONJ
cjfa-33342	148	41	the	the	DET
cjfa-33342	148	42	liquidity	liquidity	NOUN
cjfa-33342	148	43	premium	premium	NOUN
cjfa-33342	148	44	corresponding	correspond	VERB
cjfa-33342	148	45	to	to	ADP
cjfa-33342	148	46	the	the	DET
cjfa-33342	148	47	ith	ith	PROPN
cjfa-33342	148	48	expected	expect	VERB
cjfa-33342	148	49	rate	rate	NOUN
cjfa-33342	148	50	,	,	PUNCT
cjfa-33342	148	51	with	with	ADP
cjfa-33342	148	52	π0	π0	NOUN
cjfa-33342	148	53	 	 	SPACE
cjfa-33342	148	54	=	=	NOUN
cjfa-33342	148	55	 	 	SPACE
cjfa-33342	148	56	0	0	NUM
cjfa-33342	148	57	.	.	PUNCT
cjfa-33342	149	1	the	the	DET
cjfa-33342	149	2	expectations	expectation	NOUN
cjfa-33342	149	3	hypothesis	hypothesis	NOUN
cjfa-33342	149	4	,	,	PUNCT
cjfa-33342	149	5	as	as	SCONJ
cjfa-33342	149	6	it	it	PRON
cjfa-33342	149	7	is	be	AUX
cjfa-33342	149	8	defined	define	VERB
cjfa-33342	149	9	in	in	ADP
cjfa-33342	149	10	the	the	DET
cjfa-33342	149	11	literature	literature	NOUN
cjfa-33342	149	12	,	,	PUNCT
cjfa-33342	149	13	considers	consider	VERB
cjfa-33342	149	14	all	all	DET
cjfa-33342	149	15	these	these	DET
cjfa-33342	149	16	three	three	NUM
cjfa-33342	149	17	theories	theory	NOUN
cjfa-33342	149	18	.	.	PUNCT
cjfa-33342	150	1	the	the	DET
cjfa-33342	150	2	tests	test	NOUN
cjfa-33342	150	3	of	of	ADP
cjfa-33342	150	4	expectation	expectation	NOUN
cjfa-33342	150	5	hypothesis	hypothesis	NOUN
cjfa-33342	150	6	in	in	ADP
cjfa-33342	150	7	the	the	DET
cjfa-33342	150	8	literature	literature	NOUN
cjfa-33342	150	9	there	there	PRON
cjfa-33342	150	10	are	be	VERB
cjfa-33342	150	11	several	several	ADJ
cjfa-33342	150	12	approaches	approach	NOUN
cjfa-33342	150	13	to	to	PART
cjfa-33342	150	14	test	test	VERB
cjfa-33342	150	15	the	the	DET
cjfa-33342	150	16	expectation	expectation	NOUN
cjfa-33342	150	17	hypothesis	hypothesis	NOUN
cjfa-33342	150	18	in	in	ADP
cjfa-33342	150	19	the	the	DET
cjfa-33342	150	20	financial	financial	ADJ
cjfa-33342	150	21	literature	literature	NOUN
cjfa-33342	150	22	,	,	PUNCT
cjfa-33342	150	23	including	include	VERB
cjfa-33342	150	24	the	the	DET
cjfa-33342	150	25	standard	standard	ADJ
cjfa-33342	150	26	models	model	NOUN
cjfa-33342	150	27	of	of	ADP
cjfa-33342	150	28	shiller	shiller	PROPN
cjfa-33342	150	29	and	and	CCONJ
cjfa-33342	150	30	mcculloch	mcculloch	PROPN
cjfa-33342	150	31	(	(	PUNCT
cjfa-33342	150	32	1990	1990	NUM
cjfa-33342	150	33	)	)	PUNCT
cjfa-33342	150	34	,	,	PUNCT
cjfa-33342	150	35	the	the	DET
cjfa-33342	150	36	var	var	NOUN
cjfa-33342	150	37	models	model	NOUN
cjfa-33342	150	38	of	of	ADP
cjfa-33342	150	39	campbell	campbell	PROPN
cjfa-33342	150	40	and	and	CCONJ
cjfa-33342	150	41	shiller	shiller	PROPN
cjfa-33342	150	42	(	(	PUNCT
cjfa-33342	150	43	1991	1991	NUM
cjfa-33342	150	44	)	)	PUNCT
cjfa-33342	150	45	and	and	CCONJ
cjfa-33342	150	46	the	the	DET
cjfa-33342	150	47	orthogonal	orthogonal	ADJ
cjfa-33342	150	48	models	model	NOUN
cjfa-33342	150	49	of	of	ADP
cjfa-33342	150	50	bekaert	bekaert	NOUN
cjfa-33342	150	51	,	,	PUNCT
cjfa-33342	150	52	hodrick	hodrick	PROPN
cjfa-33342	150	53	and	and	CCONJ
cjfa-33342	150	54	marshall	marshall	PROPN
cjfa-33342	150	55	(	(	PUNCT
cjfa-33342	150	56	1997	1997	NUM
cjfa-33342	150	57	)	)	PUNCT
cjfa-33342	150	58	.	.	PUNCT
cjfa-33342	151	1	the	the	DET
cjfa-33342	151	2	standard	standard	ADJ
cjfa-33342	151	3	models	model	NOUN
cjfa-33342	151	4	of	of	ADP
cjfa-33342	151	5	shiller	shiller	PROPN
cjfa-33342	151	6	and	and	CCONJ
cjfa-33342	151	7	mcculloch	mcculloch	PROPN
cjfa-33342	151	8	(	(	PUNCT
cjfa-33342	151	9	1990	1990	NUM
cjfa-33342	151	10	)	)	PUNCT
cjfa-33342	151	11	and	and	CCONJ
cjfa-33342	151	12	the	the	DET
cjfa-33342	151	13	orthogonal	orthogonal	ADJ
cjfa-33342	151	14	models	model	NOUN
cjfa-33342	151	15	of	of	ADP
cjfa-33342	151	16	bekaert	bekaert	NOUN
cjfa-33342	151	17	et	et	PROPN
cjfa-33342	151	18	al	al	PROPN
cjfa-33342	151	19	.	.	PROPN
cjfa-33342	151	20	(	(	PUNCT
cjfa-33342	151	21	1997	1997	NUM
cjfa-33342	151	22	)	)	PUNCT
cjfa-33342	151	23	are	be	AUX
cjfa-33342	151	24	determined	determine	VERB
cjfa-33342	151	25	from	from	ADP
cjfa-33342	151	26	the	the	DET
cjfa-33342	151	27	ex	ex	NOUN
cjfa-33342	151	28	-	-	ADJ
cjfa-33342	151	29	post	post	ADJ
cjfa-33342	151	30	risk	risk	NOUN
cjfa-33342	151	31	premium	premium	NOUN
cjfa-33342	151	32	.	.	PUNCT
cjfa-33342	152	1	indeed	indeed	ADV
cjfa-33342	152	2	,	,	PUNCT
cjfa-33342	152	3	three	three	NUM
cjfa-33342	152	4	time	time	NOUN
cjfa-33342	152	5	-	-	PUNCT
cjfa-33342	152	6	independent	independent	ADJ
cjfa-33342	152	7	term	term	NOUN
cjfa-33342	152	8	risk	risk	NOUN
cjfa-33342	152	9	premiums	premium	NOUN
cjfa-33342	152	10	can	can	AUX
cjfa-33342	152	11	be	be	AUX
cjfa-33342	152	12	distinguished	distinguish	VERB
cjfa-33342	152	13	:	:	PUNCT
cjfa-33342	152	14	the	the	DET
cjfa-33342	152	15	yield	yield	NOUN
cjfa-33342	152	16	term	term	NOUN
cjfa-33342	152	17	premium	premium	NOUN
cjfa-33342	152	18	,	,	PUNCT
cjfa-33342	152	19	the	the	DET
cjfa-33342	152	20	forward	forward	ADJ
cjfa-33342	152	21	term	term	NOUN
cjfa-33342	152	22	premium	premium	NOUN
cjfa-33342	152	23	and	and	CCONJ
cjfa-33342	152	24	the	the	DET
cjfa-33342	152	25	holding	holding	NOUN
cjfa-33342	152	26	-	-	PUNCT
cjfa-33342	152	27	period	period	NOUN
cjfa-33342	152	28	premium	premium	NOUN
cjfa-33342	152	29	(	(	PUNCT
cjfa-33342	152	30	shiller	shiller	PROPN
cjfa-33342	152	31	&	&	CCONJ
cjfa-33342	152	32	mcculloch	mcculloch	PROPN
cjfa-33342	152	33	,	,	PUNCT
cjfa-33342	152	34	1990	1990	NUM
cjfa-33342	152	35	)	)	PUNCT
cjfa-33342	152	36	.	.	PUNCT
cjfa-33342	153	1	but	but	CCONJ
cjfa-33342	153	2	,	,	PUNCT
cjfa-33342	153	3	while	while	SCONJ
cjfa-33342	153	4	the	the	DET
cjfa-33342	153	5	orthogonal	orthogonal	ADJ
cjfa-33342	153	6	models	model	NOUN
cjfa-33342	153	7	consider	consider	VERB
cjfa-33342	153	8	the	the	DET
cjfa-33342	153	9	ex	ex	ADJ
cjfa-33342	153	10	-	-	ADJ
cjfa-33342	153	11	post	post	ADJ
cjfa-33342	153	12	term	term	NOUN
cjfa-33342	153	13	premium	premium	NOUN
cjfa-33342	153	14	as	as	ADP
cjfa-33342	153	15	an	an	DET
cjfa-33342	153	16	unpredictable	unpredictable	ADJ
cjfa-33342	153	17	“	"	PUNCT
cjfa-33342	153	18	surprise	surprise	NOUN
cjfa-33342	153	19	”	"	PUNCT
cjfa-33342	153	20	under	under	ADP
cjfa-33342	153	21	the	the	DET
cjfa-33342	153	22	expectation	expectation	NOUN
cjfa-33342	153	23	hypothesis	hypothesis	NOUN
cjfa-33342	153	24	(	(	PUNCT
cjfa-33342	153	25	the	the	DET
cjfa-33342	153	26	regression	regression	NOUN
cjfa-33342	153	27	coefficient	coefficient	NOUN
cjfa-33342	153	28	of	of	ADP
cjfa-33342	153	29	the	the	DET
cjfa-33342	153	30	long	long	ADJ
cjfa-33342	153	31	or	or	CCONJ
cjfa-33342	153	32	short	short	ADJ
cjfa-33342	153	33	rate	rate	NOUN
cjfa-33342	153	34	on	on	ADP
cjfa-33342	153	35	that	that	DET
cjfa-33342	153	36	premium	premium	NOUN
cjfa-33342	153	37	should	should	AUX
cjfa-33342	153	38	be	be	AUX
cjfa-33342	153	39	null	null	ADJ
cjfa-33342	153	40	)	)	PUNCT
cjfa-33342	153	41	,	,	PUNCT
cjfa-33342	153	42	the	the	DET
cjfa-33342	153	43	standard	standard	ADJ
cjfa-33342	153	44	models	model	NOUN
cjfa-33342	153	45	of	of	ADP
cjfa-33342	153	46	shiller	shiller	PROPN
cjfa-33342	153	47	and	and	CCONJ
cjfa-33342	153	48	mcculloch	mcculloch	PROPN
cjfa-33342	153	49	(	(	PUNCT
cjfa-33342	153	50	1990	1990	NUM
cjfa-33342	153	51	)	)	PUNCT
cjfa-33342	153	52	are	be	AUX
cjfa-33342	153	53	simple	simple	ADJ
cjfa-33342	153	54	linear	linear	ADJ
cjfa-33342	153	55	regression	regression	NOUN
cjfa-33342	153	56	models	model	NOUN
cjfa-33342	153	57	where	where	SCONJ
cjfa-33342	153	58	the	the	DET
cjfa-33342	153	59	dependent	dependent	ADJ
cjfa-33342	153	60	variable	variable	NOUN
cjfa-33342	153	61	is	be	AUX
cjfa-33342	153	62	a	a	DET
cjfa-33342	153	63	rate	rate	NOUN
cjfa-33342	153	64	variation	variation	NOUN
cjfa-33342	153	65	and	and	CCONJ
cjfa-33342	153	66	the	the	DET
cjfa-33342	153	67	explanatory	explanatory	ADJ
cjfa-33342	153	68	variable	variable	NOUN
cjfa-33342	153	69	a	a	DET
cjfa-33342	153	70	spread	spread	NOUN
cjfa-33342	153	71	(	(	PUNCT
cjfa-33342	153	72	jondeau	jondeau	PROPN
cjfa-33342	153	73	&	&	CCONJ
cjfa-33342	153	74	ricart	ricart	PROPN
cjfa-33342	153	75	,	,	PUNCT
cjfa-33342	153	76	1999	1999	NUM
cjfa-33342	153	77	)	)	PUNCT
cjfa-33342	153	78	.	.	PUNCT
cjfa-33342	154	1	interest	interest	NOUN
cjfa-33342	154	2	rate	rate	NOUN
cjfa-33342	154	3	predictability	predictability	NOUN
cjfa-33342	154	4	in	in	ADP
cjfa-33342	154	5	some	some	DET
cjfa-33342	154	6	selected	select	VERB
cjfa-33342	154	7	african	african	ADJ
cjfa-33342	154	8	countries	country	NOUN
cjfa-33342	154	9	49	49	NUM
cjfa-33342	154	10	the	the	DET
cjfa-33342	154	11	orthogonal	orthogonal	ADJ
cjfa-33342	154	12	models	model	NOUN
cjfa-33342	154	13	seek	seek	VERB
cjfa-33342	154	14	to	to	PART
cjfa-33342	154	15	resolve	resolve	VERB
cjfa-33342	154	16	the	the	DET
cjfa-33342	154	17	problem	problem	NOUN
cjfa-33342	154	18	of	of	ADP
cjfa-33342	154	19	the	the	DET
cjfa-33342	154	20	poor	poor	ADJ
cjfa-33342	154	21	small	small	ADJ
cjfa-33342	154	22	samples	sample	NOUN
cjfa-33342	154	23	properties	property	NOUN
cjfa-33342	154	24	of	of	ADP
cjfa-33342	154	25	the	the	DET
cjfa-33342	154	26	standard	standard	ADJ
cjfa-33342	154	27	model	model	NOUN
cjfa-33342	154	28	(	(	PUNCT
cjfa-33342	154	29	longstaff	longstaff	NOUN
cjfa-33342	154	30	,	,	PUNCT
cjfa-33342	154	31	2000	2000	NUM
cjfa-33342	154	32	)	)	PUNCT
cjfa-33342	154	33	.	.	PUNCT
cjfa-33342	155	1	they	they	PRON
cjfa-33342	155	2	used	use	VERB
cjfa-33342	155	3	a	a	DET
cjfa-33342	155	4	monte	monte	PROPN
cjfa-33342	155	5	carlo	carlo	PROPN
cjfa-33342	155	6	simulation	simulation	NOUN
cjfa-33342	155	7	to	to	ADP
cjfa-33342	155	8	this	this	DET
cjfa-33342	155	9	end	end	NOUN
cjfa-33342	155	10	.	.	PUNCT
cjfa-33342	156	1	but	but	CCONJ
cjfa-33342	156	2	they	they	PRON
cjfa-33342	156	3	are	be	AUX
cjfa-33342	156	4	unclear	unclear	ADJ
cjfa-33342	156	5	about	about	ADP
cjfa-33342	156	6	the	the	DET
cjfa-33342	156	7	predictive	predictive	ADJ
cjfa-33342	156	8	power	power	NOUN
cjfa-33342	156	9	of	of	ADP
cjfa-33342	156	10	the	the	DET
cjfa-33342	156	11	implicit	implicit	ADJ
cjfa-33342	156	12	forward	forward	ADJ
cjfa-33342	156	13	rate	rate	NOUN
cjfa-33342	156	14	.	.	PUNCT
cjfa-33342	157	1	the	the	DET
cjfa-33342	157	2	var	var	NOUN
cjfa-33342	157	3	model	model	NOUN
cjfa-33342	157	4	of	of	ADP
cjfa-33342	157	5	campbell	campbell	PROPN
cjfa-33342	157	6	and	and	CCONJ
cjfa-33342	157	7	shiller	shiller	PROPN
cjfa-33342	157	8	(	(	PUNCT
cjfa-33342	157	9	1991	1991	NUM
cjfa-33342	157	10	)	)	PUNCT
cjfa-33342	157	11	also	also	ADV
cjfa-33342	157	12	try	try	VERB
cjfa-33342	157	13	to	to	PART
cjfa-33342	157	14	deal	deal	VERB
cjfa-33342	157	15	with	with	ADP
cjfa-33342	157	16	the	the	DET
cjfa-33342	157	17	standard	standard	ADJ
cjfa-33342	157	18	models	model	NOUN
cjfa-33342	157	19	biases	bias	NOUN
cjfa-33342	157	20	,	,	PUNCT
cjfa-33342	157	21	including	include	VERB
cjfa-33342	157	22	overlapping	overlap	VERB
cjfa-33342	157	23	errors	error	NOUN
cjfa-33342	157	24	.	.	PUNCT
cjfa-33342	158	1	this	this	DET
cjfa-33342	158	2	approach	approach	NOUN
cjfa-33342	158	3	provides	provide	VERB
cjfa-33342	158	4	some	some	DET
cjfa-33342	158	5	information	information	NOUN
cjfa-33342	158	6	about	about	ADP
cjfa-33342	158	7	the	the	DET
cjfa-33342	158	8	similarity	similarity	NOUN
cjfa-33342	158	9	of	of	ADP
cjfa-33342	158	10	current	current	ADJ
cjfa-33342	158	11	spread	spread	VERB
cjfa-33342	158	12	movements	movement	NOUN
cjfa-33342	158	13	relatively	relatively	ADV
cjfa-33342	158	14	to	to	ADP
cjfa-33342	158	15	those	those	PRON
cjfa-33342	158	16	implied	imply	VERB
cjfa-33342	158	17	by	by	ADP
cjfa-33342	158	18	the	the	DET
cjfa-33342	158	19	expectations	expectation	NOUN
cjfa-33342	158	20	hypothesis	hypothesis	NOUN
cjfa-33342	158	21	(	(	PUNCT
cjfa-33342	158	22	campbell	campbell	PROPN
cjfa-33342	158	23	&	&	CCONJ
cjfa-33342	158	24	shiller	shiller	PROPN
cjfa-33342	158	25	,	,	PUNCT
cjfa-33342	158	26	1991	1991	NUM
cjfa-33342	158	27	)	)	PUNCT
cjfa-33342	158	28	.	.	PUNCT
cjfa-33342	159	1	if	if	SCONJ
cjfa-33342	159	2	the	the	DET
cjfa-33342	159	3	purpose	purpose	NOUN
cjfa-33342	159	4	is	be	AUX
cjfa-33342	159	5	to	to	PART
cjfa-33342	159	6	evaluate	evaluate	VERB
cjfa-33342	159	7	the	the	DET
cjfa-33342	159	8	ability	ability	NOUN
cjfa-33342	159	9	of	of	ADP
cjfa-33342	159	10	the	the	DET
cjfa-33342	159	11	expectation	expectation	NOUN
cjfa-33342	159	12	hypothesis	hypothesis	NOUN
cjfa-33342	159	13	to	to	PART
cjfa-33342	159	14	predict	predict	VERB
cjfa-33342	159	15	the	the	DET
cjfa-33342	159	16	slope	slope	NOUN
cjfa-33342	159	17	of	of	ADP
cjfa-33342	159	18	the	the	DET
cjfa-33342	159	19	yield	yield	NOUN
cjfa-33342	159	20	curve	curve	NOUN
cjfa-33342	159	21	,	,	PUNCT
cjfa-33342	159	22	then	then	ADV
cjfa-33342	159	23	the	the	DET
cjfa-33342	159	24	linear	linear	ADJ
cjfa-33342	159	25	regression	regression	NOUN
cjfa-33342	159	26	would	would	AUX
cjfa-33342	159	27	not	not	PART
cjfa-33342	159	28	be	be	AUX
cjfa-33342	159	29	the	the	DET
cjfa-33342	159	30	most	most	ADV
cjfa-33342	159	31	appropriate	appropriate	ADJ
cjfa-33342	159	32	method	method	NOUN
cjfa-33342	159	33	(	(	PUNCT
cjfa-33342	159	34	campbell	campbell	PROPN
cjfa-33342	159	35	&	&	CCONJ
cjfa-33342	159	36	shiller	shiller	PROPN
cjfa-33342	159	37	,	,	PUNCT
cjfa-33342	159	38	1991	1991	NUM
cjfa-33342	159	39	)	)	PUNCT
cjfa-33342	159	40	.	.	PUNCT
cjfa-33342	160	1	but	but	CCONJ
cjfa-33342	160	2	if	if	SCONJ
cjfa-33342	160	3	one	one	PRON
cjfa-33342	160	4	’s	’s	PART
cjfa-33342	160	5	purpose	purpose	NOUN
cjfa-33342	160	6	is	be	AUX
cjfa-33342	160	7	merely	merely	ADV
cjfa-33342	160	8	to	to	PART
cjfa-33342	160	9	test	test	VERB
cjfa-33342	160	10	the	the	DET
cjfa-33342	160	11	theoretical	theoretical	ADJ
cjfa-33342	160	12	model	model	NOUN
cjfa-33342	160	13	of	of	ADP
cjfa-33342	160	14	expectation	expectation	NOUN
cjfa-33342	160	15	hypothesis	hypothesis	NOUN
cjfa-33342	160	16	,	,	PUNCT
cjfa-33342	160	17	then	then	ADV
cjfa-33342	160	18	the	the	DET
cjfa-33342	160	19	regression	regression	NOUN
cjfa-33342	160	20	method	method	NOUN
cjfa-33342	160	21	using	use	VERB
cjfa-33342	160	22	the	the	DET
cjfa-33342	160	23	standard	standard	ADJ
cjfa-33342	160	24	model	model	NOUN
cjfa-33342	160	25	would	would	AUX
cjfa-33342	160	26	be	be	AUX
cjfa-33342	160	27	simpler	simple	ADJ
cjfa-33342	160	28	(	(	PUNCT
cjfa-33342	160	29	campbell	campbell	PROPN
cjfa-33342	160	30	&	&	CCONJ
cjfa-33342	160	31	shiller	shiller	PROPN
cjfa-33342	160	32	,	,	PUNCT
cjfa-33342	160	33	1991	1991	NUM
cjfa-33342	160	34	)	)	PUNCT
cjfa-33342	160	35	.	.	PUNCT
cjfa-33342	161	1	since	since	SCONJ
cjfa-33342	161	2	this	this	PRON
cjfa-33342	161	3	is	be	AUX
cjfa-33342	161	4	the	the	DET
cjfa-33342	161	5	case	case	NOUN
cjfa-33342	161	6	in	in	ADP
cjfa-33342	161	7	this	this	DET
cjfa-33342	161	8	study	study	NOUN
cjfa-33342	161	9	,	,	PUNCT
cjfa-33342	161	10	we	we	PRON
cjfa-33342	161	11	use	use	VERB
cjfa-33342	161	12	the	the	DET
cjfa-33342	161	13	standard	standard	ADJ
cjfa-33342	161	14	model	model	NOUN
cjfa-33342	161	15	of	of	ADP
cjfa-33342	161	16	shiller	shiller	PROPN
cjfa-33342	161	17	and	and	CCONJ
cjfa-33342	161	18	mcculloch	mcculloch	PROPN
cjfa-33342	161	19	(	(	PUNCT
cjfa-33342	161	20	1990	1990	NUM
cjfa-33342	161	21	)	)	PUNCT
cjfa-33342	161	22	.	.	PUNCT
cjfa-33342	162	1	several	several	ADJ
cjfa-33342	162	2	studies	study	NOUN
cjfa-33342	162	3	have	have	AUX
cjfa-33342	162	4	been	be	AUX
cjfa-33342	162	5	made	make	VERB
cjfa-33342	162	6	,	,	PUNCT
cjfa-33342	162	7	in	in	ADP
cjfa-33342	162	8	the	the	DET
cjfa-33342	162	9	literature	literature	NOUN
cjfa-33342	162	10	,	,	PUNCT
cjfa-33342	162	11	using	use	VERB
cjfa-33342	162	12	standard	standard	ADJ
cjfa-33342	162	13	tests	test	NOUN
cjfa-33342	162	14	,	,	PUNCT
cjfa-33342	162	15	including	include	VERB
cjfa-33342	162	16	fama	fama	NOUN
cjfa-33342	162	17	(	(	PUNCT
cjfa-33342	162	18	1984	1984	NUM
cjfa-33342	162	19	)	)	PUNCT
cjfa-33342	162	20	,	,	PUNCT
cjfa-33342	162	21	mankiw	mankiw	NOUN
cjfa-33342	162	22	and	and	CCONJ
cjfa-33342	162	23	miron	miron	PROPN
cjfa-33342	162	24	(	(	PUNCT
cjfa-33342	162	25	1986	1986	NUM
cjfa-33342	162	26	)	)	PUNCT
cjfa-33342	162	27	,	,	PUNCT
cjfa-33342	162	28	fama	fama	PROPN
cjfa-33342	162	29	and	and	CCONJ
cjfa-33342	162	30	bliss	bliss	ADJ
cjfa-33342	162	31	(	(	PUNCT
cjfa-33342	162	32	1987	1987	NUM
cjfa-33342	162	33	)	)	PUNCT
cjfa-33342	162	34	,	,	PUNCT
cjfa-33342	162	35	froot	froot	NOUN
cjfa-33342	162	36	(	(	PUNCT
cjfa-33342	162	37	1987	1987	NUM
cjfa-33342	162	38	)	)	PUNCT
cjfa-33342	162	39	,	,	PUNCT
cjfa-33342	162	40	shiller	shiller	PROPN
cjfa-33342	162	41	and	and	CCONJ
cjfa-33342	162	42	mcculloch	mcculloch	PROPN
cjfa-33342	162	43	(	(	PUNCT
cjfa-33342	162	44	1990	1990	NUM
cjfa-33342	162	45	)	)	PUNCT
cjfa-33342	162	46	,	,	PUNCT
cjfa-33342	162	47	campbell	campbell	PROPN
cjfa-33342	162	48	and	and	CCONJ
cjfa-33342	162	49	shiller	shiller	PROPN
cjfa-33342	162	50	(	(	PUNCT
cjfa-33342	162	51	1991	1991	NUM
cjfa-33342	162	52	)	)	PUNCT
cjfa-33342	162	53	,	,	PUNCT
cjfa-33342	162	54	hardouvelis	hardouvelis	PROPN
cjfa-33342	162	55	(	(	PUNCT
cjfa-33342	162	56	1994	1994	NUM
cjfa-33342	162	57	)	)	PUNCT
cjfa-33342	162	58	,	,	PUNCT
cjfa-33342	162	59	bulkley	bulkley	NOUN
cjfa-33342	162	60	et	et	PROPN
cjfa-33342	162	61	al	al	PROPN
cjfa-33342	162	62	.	.	PROPN
cjfa-33342	163	1	(	(	PUNCT
cjfa-33342	163	2	2013	2013	NUM
cjfa-33342	163	3	)	)	PUNCT
cjfa-33342	163	4	,	,	PUNCT
cjfa-33342	163	5	on	on	ADP
cjfa-33342	163	6	american	american	PROPN
cjfa-33342	163	7	data	data	PROPN
cjfa-33342	163	8	’s	’s	PART
cjfa-33342	163	9	;	;	PUNCT
cjfa-33342	163	10	jondeau	jondeau	PROPN
cjfa-33342	163	11	and	and	CCONJ
cjfa-33342	163	12	ricart	ricart	PROPN
cjfa-33342	163	13	(	(	PUNCT
cjfa-33342	163	14	1999	1999	NUM
cjfa-33342	163	15	)	)	PUNCT
cjfa-33342	163	16	and	and	CCONJ
cjfa-33342	163	17	guidolin	guidolin	NOUN
cjfa-33342	163	18	and	and	CCONJ
cjfa-33342	163	19	thornton	thornton	PROPN
cjfa-33342	163	20	(	(	PUNCT
cjfa-33342	163	21	2008	2008	NUM
cjfa-33342	163	22	)	)	PUNCT
cjfa-33342	163	23	on	on	ADP
cjfa-33342	163	24	euro	euro	NOUN
cjfa-33342	163	25	-	-	PUNCT
cjfa-33342	163	26	devises	devise	NOUN
cjfa-33342	163	27	data	datum	NOUN
cjfa-33342	163	28	’s	’s	PART
cjfa-33342	163	29	,	,	PUNCT
cjfa-33342	163	30	gerlach	gerlach	PROPN
cjfa-33342	163	31	(	(	PUNCT
cjfa-33342	163	32	2003	2003	NUM
cjfa-33342	163	33	)	)	PUNCT
cjfa-33342	163	34	on	on	ADP
cjfa-33342	163	35	hong	hong	PROPN
cjfa-33342	163	36	kong	kong	PROPN
cjfa-33342	163	37	interbank	interbank	NOUN
cjfa-33342	163	38	market	market	NOUN
cjfa-33342	163	39	data	datum	NOUN
cjfa-33342	163	40	’s	’s	ADV
cjfa-33342	163	41	,	,	PUNCT
cjfa-33342	163	42	and	and	CCONJ
cjfa-33342	163	43	among	among	ADP
cjfa-33342	163	44	the	the	DET
cjfa-33342	163	45	most	most	ADV
cjfa-33342	163	46	recent	recent	ADJ
cjfa-33342	163	47	,	,	PUNCT
cjfa-33342	163	48	boamah	boamah	NOUN
cjfa-33342	163	49	(	(	PUNCT
cjfa-33342	163	50	2016	2016	NUM
cjfa-33342	163	51	)	)	PUNCT
cjfa-33342	163	52	on	on	ADP
cjfa-33342	163	53	ghanian	ghanian	ADJ
cjfa-33342	163	54	data	datum	NOUN
cjfa-33342	163	55	’s	’s	PART
cjfa-33342	163	56	,	,	PUNCT
cjfa-33342	163	57	and	and	CCONJ
cjfa-33342	163	58	bidias	bidias	PROPN
cjfa-33342	163	59	and	and	CCONJ
cjfa-33342	163	60	kamdem	kamdem	PROPN
cjfa-33342	163	61	(	(	PUNCT
cjfa-33342	163	62	2017	2017	NUM
cjfa-33342	163	63	)	)	PUNCT
cjfa-33342	163	64	on	on	ADP
cjfa-33342	163	65	west	west	ADJ
cjfa-33342	163	66	african	african	ADJ
cjfa-33342	163	67	economic	economic	ADJ
cjfa-33342	163	68	and	and	CCONJ
cjfa-33342	163	69	monetary	monetary	ADJ
cjfa-33342	163	70	union	union	NOUN
cjfa-33342	163	71	(	(	PUNCT
cjfa-33342	163	72	waemu	waemu	NOUN
cjfa-33342	163	73	)	)	PUNCT
cjfa-33342	163	74	interbank	interbank	NOUN
cjfa-33342	163	75	market	market	NOUN
cjfa-33342	163	76	data	datum	NOUN
cjfa-33342	163	77	’s	’s	PART
cjfa-33342	163	78	.	.	PUNCT
cjfa-33342	164	1	all	all	DET
cjfa-33342	164	2	these	these	DET
cjfa-33342	164	3	studies	study	NOUN
cjfa-33342	164	4	but	but	CCONJ
cjfa-33342	164	5	the	the	DET
cjfa-33342	164	6	one	one	NUM
cjfa-33342	164	7	of	of	ADP
cjfa-33342	164	8	jondeau	jondeau	NOUN
cjfa-33342	164	9	and	and	CCONJ
cjfa-33342	164	10	ricart	ricart	PROPN
cjfa-33342	164	11	(	(	PUNCT
cjfa-33342	164	12	1999	1999	NUM
cjfa-33342	164	13	)	)	PUNCT
cjfa-33342	164	14	rejected	reject	VERB
cjfa-33342	164	15	the	the	DET
cjfa-33342	164	16	expectation	expectation	NOUN
cjfa-33342	164	17	hypothesis	hypothesis	NOUN
cjfa-33342	164	18	on	on	ADP
cjfa-33342	164	19	each	each	DET
cjfa-33342	164	20	market	market	NOUN
cjfa-33342	164	21	in	in	ADP
cjfa-33342	164	22	question	question	NOUN
cjfa-33342	164	23	.	.	PUNCT
cjfa-33342	165	1	it	it	PRON
cjfa-33342	165	2	is	be	AUX
cjfa-33342	165	3	important	important	ADJ
cjfa-33342	165	4	to	to	PART
cjfa-33342	165	5	note	note	VERB
cjfa-33342	165	6	that	that	SCONJ
cjfa-33342	165	7	all	all	DET
cjfa-33342	165	8	these	these	DET
cjfa-33342	165	9	studies	study	NOUN
cjfa-33342	165	10	but	but	CCONJ
cjfa-33342	165	11	those	those	PRON
cjfa-33342	165	12	of	of	ADP
cjfa-33342	165	13	guidolin	guidolin	NOUN
cjfa-33342	165	14	and	and	CCONJ
cjfa-33342	165	15	thornton	thornton	PROPN
cjfa-33342	165	16	(	(	PUNCT
cjfa-33342	165	17	2008	2008	NUM
cjfa-33342	165	18	)	)	PUNCT
cjfa-33342	165	19	and	and	CCONJ
cjfa-33342	165	20	bulkley	bulkley	NOUN
cjfa-33342	165	21	et	et	PROPN
cjfa-33342	165	22	al	al	PROPN
cjfa-33342	165	23	.	.	PROPN
cjfa-33342	166	1	(	(	PUNCT
cjfa-33342	166	2	2013	2013	NUM
cjfa-33342	166	3	)	)	PUNCT
cjfa-33342	166	4	used	use	VERB
cjfa-33342	166	5	the	the	DET
cjfa-33342	166	6	rational	rational	ADJ
cjfa-33342	166	7	expected	expected	ADJ
cjfa-33342	166	8	short	short	ADJ
cjfa-33342	166	9	rate	rate	NOUN
cjfa-33342	166	10	as	as	ADP
cjfa-33342	166	11	the	the	DET
cjfa-33342	166	12	predicted	predict	VERB
cjfa-33342	166	13	future	future	ADJ
cjfa-33342	166	14	short	short	ADJ
cjfa-33342	166	15	rate	rate	NOUN
cjfa-33342	166	16	.	.	PUNCT
cjfa-33342	167	1	if	if	SCONJ
cjfa-33342	167	2	the	the	DET
cjfa-33342	167	3	need	need	NOUN
cjfa-33342	167	4	to	to	PART
cjfa-33342	167	5	consider	consider	VERB
cjfa-33342	167	6	that	that	SCONJ
cjfa-33342	167	7	operators	operator	NOUN
cjfa-33342	167	8	on	on	ADP
cjfa-33342	167	9	the	the	DET
cjfa-33342	167	10	market	market	NOUN
cjfa-33342	167	11	are	be	AUX
cjfa-33342	167	12	rational	rational	ADJ
cjfa-33342	167	13	is	be	AUX
cjfa-33342	167	14	understandable	understandable	ADJ
cjfa-33342	167	15	,	,	PUNCT
cjfa-33342	167	16	this	this	PRON
cjfa-33342	167	17	does	do	AUX
cjfa-33342	167	18	not	not	PART
cjfa-33342	167	19	provide	provide	VERB
cjfa-33342	167	20	clear	clear	ADJ
cjfa-33342	167	21	information	information	NOUN
cjfa-33342	167	22	’s	’s	ADJ
cjfa-33342	167	23	about	about	ADP
cjfa-33342	167	24	the	the	DET
cjfa-33342	167	25	predictive	predictive	ADJ
cjfa-33342	167	26	power	power	NOUN
cjfa-33342	167	27	of	of	ADP
cjfa-33342	167	28	the	the	DET
cjfa-33342	167	29	implicit	implicit	ADJ
cjfa-33342	167	30	forward	forward	ADJ
cjfa-33342	167	31	rate	rate	NOUN
cjfa-33342	167	32	.	.	PUNCT
cjfa-33342	168	1	so	so	ADV
cjfa-33342	168	2	rather	rather	ADV
cjfa-33342	168	3	to	to	PART
cjfa-33342	168	4	use	use	VERB
cjfa-33342	168	5	it	it	PRON
cjfa-33342	168	6	as	as	SCONJ
cjfa-33342	168	7	it	it	PRON
cjfa-33342	168	8	was	be	AUX
cjfa-33342	168	9	defined	define	VERB
cjfa-33342	168	10	by	by	ADP
cjfa-33342	168	11	shiller	shiller	PROPN
cjfa-33342	168	12	and	and	CCONJ
cjfa-33342	168	13	mcculloch	mcculloch	PROPN
cjfa-33342	168	14	(	(	PUNCT
cjfa-33342	168	15	1990	1990	NUM
cjfa-33342	168	16	)	)	PUNCT
cjfa-33342	168	17	,	,	PUNCT
cjfa-33342	168	18	following	follow	VERB
cjfa-33342	168	19	guidolin	guidolin	NOUN
cjfa-33342	168	20	and	and	CCONJ
cjfa-33342	168	21	thornton	thornton	PROPN
cjfa-33342	168	22	(	(	PUNCT
cjfa-33342	168	23	2008	2008	NUM
cjfa-33342	168	24	)	)	PUNCT
cjfa-33342	168	25	and	and	CCONJ
cjfa-33342	168	26	bulkley	bulkley	NOUN
cjfa-33342	168	27	et	et	PROPN
cjfa-33342	168	28	al	al	PROPN
cjfa-33342	168	29	.	.	PROPN
cjfa-33342	169	1	(	(	PUNCT
cjfa-33342	169	2	2013	2013	NUM
cjfa-33342	169	3	)	)	PUNCT
cjfa-33342	169	4	,	,	PUNCT
cjfa-33342	169	5	we	we	PRON
cjfa-33342	169	6	consider	consider	VERB
cjfa-33342	169	7	the	the	DET
cjfa-33342	169	8	implicit	implicit	ADJ
cjfa-33342	169	9	forward	forward	ADJ
cjfa-33342	169	10	rate	rate	NOUN
cjfa-33342	169	11	as	as	ADP
cjfa-33342	169	12	the	the	DET
cjfa-33342	169	13	predicted	predict	VERB
cjfa-33342	169	14	rate	rate	NOUN
cjfa-33342	169	15	.	.	PUNCT
cjfa-33342	170	1	the	the	DET
cjfa-33342	170	2	details	detail	NOUN
cjfa-33342	170	3	are	be	AUX
cjfa-33342	170	4	given	give	VERB
cjfa-33342	170	5	in	in	ADP
cjfa-33342	170	6	section	section	NOUN
cjfa-33342	170	7	3	3	NUM
cjfa-33342	170	8	bellow	bellow	ADJ
cjfa-33342	170	9	.	.	PUNCT
cjfa-33342	171	1	hans	hans	PROPN
cjfa-33342	171	2	patrick	patrick	PROPN
cjfa-33342	171	3	bidias	bidias	PROPN
cjfa-33342	171	4	-	-	PUNCT
cjfa-33342	171	5	menik	menik	NOUN
cjfa-33342	171	6	,	,	PUNCT
cjfa-33342	171	7	simplice	simplice	NOUN
cjfa-33342	171	8	gaël	gaël	PROPN
cjfa-33342	171	9	tonmo50	tonmo50	NOUN
cjfa-33342	171	10	the	the	DET
cjfa-33342	171	11	research	research	NOUN
cjfa-33342	171	12	methodology	methodology	NOUN
cjfa-33342	171	13	and	and	CCONJ
cjfa-33342	171	14	the	the	DET
cjfa-33342	171	15	course	course	NOUN
cjfa-33342	171	16	of	of	ADP
cjfa-33342	171	17	the	the	DET
cjfa-33342	171	18	research	research	NOUN
cjfa-33342	171	19	process	process	NOUN
cjfa-33342	171	20	the	the	DET
cjfa-33342	171	21	data	datum	NOUN
cjfa-33342	171	22	in	in	ADP
cjfa-33342	171	23	this	this	DET
cjfa-33342	171	24	study	study	NOUN
cjfa-33342	171	25	,	,	PUNCT
cjfa-33342	171	26	we	we	PRON
cjfa-33342	171	27	used	use	VERB
cjfa-33342	171	28	data	datum	NOUN
cjfa-33342	171	29	of	of	ADP
cjfa-33342	171	30	several	several	ADJ
cjfa-33342	171	31	african	african	ADJ
cjfa-33342	171	32	countries	country	NOUN
cjfa-33342	171	33	,	,	PUNCT
cjfa-33342	171	34	including	include	VERB
cjfa-33342	171	35	the	the	DET
cjfa-33342	171	36	republic	republic	NOUN
cjfa-33342	171	37	of	of	ADP
cjfa-33342	171	38	south	south	PROPN
cjfa-33342	171	39	africa	africa	PROPN
cjfa-33342	171	40	,	,	PUNCT
cjfa-33342	171	41	nigeria	nigeria	PROPN
cjfa-33342	171	42	,	,	PUNCT
cjfa-33342	171	43	egypt	egypt	PROPN
cjfa-33342	171	44	,	,	PUNCT
cjfa-33342	171	45	ghana	ghana	PROPN
cjfa-33342	171	46	,	,	PUNCT
cjfa-33342	171	47	and	and	CCONJ
cjfa-33342	171	48	kenya	kenya	PROPN
cjfa-33342	171	49	.	.	PUNCT
cjfa-33342	172	1	this	this	DET
cjfa-33342	172	2	choice	choice	NOUN
cjfa-33342	172	3	is	be	AUX
cjfa-33342	172	4	based	base	VERB
cjfa-33342	172	5	on	on	ADP
cjfa-33342	172	6	the	the	DET
cjfa-33342	172	7	fact	fact	NOUN
cjfa-33342	172	8	that	that	SCONJ
cjfa-33342	172	9	their	their	PRON
cjfa-33342	172	10	stock	stock	NOUN
cjfa-33342	172	11	exchange	exchange	NOUN
cjfa-33342	172	12	markets	market	NOUN
cjfa-33342	172	13	are	be	AUX
cjfa-33342	172	14	among	among	ADP
cjfa-33342	172	15	the	the	DET
cjfa-33342	172	16	most	most	ADV
cjfa-33342	172	17	successful	successful	ADJ
cjfa-33342	172	18	in	in	ADP
cjfa-33342	172	19	africa	africa	PROPN
cjfa-33342	172	20	,	,	PUNCT
cjfa-33342	172	21	in	in	ADP
cjfa-33342	172	22	terms	term	NOUN
cjfa-33342	172	23	of	of	ADP
cjfa-33342	172	24	market	market	NOUN
cjfa-33342	172	25	capitalisation	capitalisation	NOUN
cjfa-33342	172	26	.	.	PUNCT
cjfa-33342	173	1	stock	stock	NOUN
cjfa-33342	173	2	returns	return	NOUN
cjfa-33342	173	3	on	on	ADP
cjfa-33342	173	4	financial	financial	ADJ
cjfa-33342	173	5	markets	market	NOUN
cjfa-33342	173	6	are	be	AUX
cjfa-33342	173	7	indeed	indeed	ADV
cjfa-33342	173	8	evaluated	evaluate	VERB
cjfa-33342	173	9	with	with	ADP
cjfa-33342	173	10	reference	reference	NOUN
cjfa-33342	173	11	to	to	ADP
cjfa-33342	173	12	the	the	DET
cjfa-33342	173	13	term	term	NOUN
cjfa-33342	173	14	structure	structure	NOUN
cjfa-33342	173	15	of	of	ADP
cjfa-33342	173	16	interest	interest	NOUN
cjfa-33342	173	17	rate	rate	NOUN
cjfa-33342	173	18	on	on	ADP
cjfa-33342	173	19	money	money	NOUN
cjfa-33342	173	20	market	market	NOUN
cjfa-33342	173	21	,	,	PUNCT
cjfa-33342	173	22	since	since	SCONJ
cjfa-33342	173	23	securities	security	NOUN
cjfa-33342	173	24	on	on	ADP
cjfa-33342	173	25	this	this	DET
cjfa-33342	173	26	market	market	NOUN
cjfa-33342	173	27	are	be	AUX
cjfa-33342	173	28	theoretically	theoretically	ADV
cjfa-33342	173	29	considered	consider	VERB
cjfa-33342	173	30	free	free	ADJ
cjfa-33342	173	31	from	from	ADP
cjfa-33342	173	32	default	default	NOUN
cjfa-33342	173	33	risk	risk	NOUN
cjfa-33342	173	34	.	.	PUNCT
cjfa-33342	174	1	while	while	SCONJ
cjfa-33342	174	2	interbank	interbank	NOUN
cjfa-33342	174	3	market	market	NOUN
cjfa-33342	174	4	rates	rate	NOUN
cjfa-33342	174	5	were	be	AUX
cjfa-33342	174	6	used	use	VERB
cjfa-33342	174	7	for	for	ADP
cjfa-33342	174	8	the	the	DET
cjfa-33342	174	9	republic	republic	NOUN
cjfa-33342	174	10	of	of	ADP
cjfa-33342	174	11	south	south	PROPN
cjfa-33342	174	12	africa	africa	PROPN
cjfa-33342	174	13	and	and	CCONJ
cjfa-33342	174	14	nigeria	nigeria	PROPN
cjfa-33342	174	15	,	,	PUNCT
cjfa-33342	174	16	treasury	treasury	PROPN
cjfa-33342	174	17	bills	bill	NOUN
cjfa-33342	174	18	rates	rate	NOUN
cjfa-33342	174	19	were	be	AUX
cjfa-33342	174	20	used	use	VERB
cjfa-33342	174	21	for	for	ADP
cjfa-33342	174	22	egypt	egypt	PROPN
cjfa-33342	174	23	,	,	PUNCT
cjfa-33342	174	24	kenya	kenya	PROPN
cjfa-33342	174	25	and	and	CCONJ
cjfa-33342	174	26	ghana	ghana	PROPN
cjfa-33342	174	27	.	.	PUNCT
cjfa-33342	175	1	the	the	DET
cjfa-33342	175	2	choice	choice	NOUN
cjfa-33342	175	3	of	of	ADP
cjfa-33342	175	4	one	one	NUM
cjfa-33342	175	5	or	or	CCONJ
cjfa-33342	175	6	the	the	DET
cjfa-33342	175	7	other	other	ADJ
cjfa-33342	175	8	in	in	ADP
cjfa-33342	175	9	this	this	DET
cjfa-33342	175	10	study	study	NOUN
cjfa-33342	175	11	depends	depend	VERB
cjfa-33342	175	12	solely	solely	ADV
cjfa-33342	175	13	on	on	ADP
cjfa-33342	175	14	data	datum	NOUN
cjfa-33342	175	15	’s	’s	PART
cjfa-33342	175	16	availability	availability	NOUN
cjfa-33342	175	17	.	.	PUNCT
cjfa-33342	176	1	the	the	DET
cjfa-33342	176	2	data	datum	NOUN
cjfa-33342	176	3	used	use	VERB
cjfa-33342	176	4	have	have	AUX
cjfa-33342	176	5	been	be	AUX
cjfa-33342	176	6	collected	collect	VERB
cjfa-33342	176	7	on	on	ADP
cjfa-33342	176	8	the	the	DET
cjfa-33342	176	9	website	website	NOUN
cjfa-33342	176	10	of	of	ADP
cjfa-33342	176	11	each	each	DET
cjfa-33342	176	12	central	central	ADJ
cjfa-33342	176	13	bank	bank	NOUN
cjfa-33342	176	14	concerned	concern	VERB
cjfa-33342	176	15	.	.	PUNCT
cjfa-33342	177	1	we	we	PRON
cjfa-33342	177	2	used	use	VERB
cjfa-33342	177	3	monthly	monthly	ADJ
cjfa-33342	177	4	rates	rate	NOUN
cjfa-33342	177	5	of	of	ADP
cjfa-33342	177	6	three	three	NUM
cjfa-33342	177	7	months	month	NOUN
cjfa-33342	177	8	,	,	PUNCT
cjfa-33342	177	9	six	six	NUM
cjfa-33342	177	10	months	month	NOUN
cjfa-33342	177	11	and	and	CCONJ
cjfa-33342	177	12	twelve	twelve	NUM
cjfa-33342	177	13	months	month	NOUN
cjfa-33342	177	14	over	over	ADP
cjfa-33342	177	15	the	the	DET
cjfa-33342	177	16	period	period	NOUN
cjfa-33342	177	17	from	from	ADP
cjfa-33342	177	18	january	january	PROPN
cjfa-33342	177	19	2010	2010	NUM
cjfa-33342	177	20	to	to	ADP
cjfa-33342	177	21	may	may	PROPN
cjfa-33342	177	22	2017	2017	NUM
cjfa-33342	177	23	.	.	PUNCT
cjfa-33342	178	1	this	this	PRON
cjfa-33342	178	2	is	be	AUX
cjfa-33342	178	3	a	a	DET
cjfa-33342	178	4	period	period	NOUN
cjfa-33342	178	5	after	after	ADP
cjfa-33342	178	6	the	the	DET
cjfa-33342	178	7	international	international	ADJ
cjfa-33342	178	8	financial	financial	ADJ
cjfa-33342	178	9	crisis	crisis	NOUN
cjfa-33342	178	10	of	of	ADP
cjfa-33342	178	11	2007	2007	NUM
cjfa-33342	178	12	-	-	SYM
cjfa-33342	178	13	2008	2008	NUM
cjfa-33342	178	14	,	,	PUNCT
cjfa-33342	178	15	the	the	DET
cjfa-33342	178	16	idea	idea	NOUN
cjfa-33342	178	17	here	here	ADV
cjfa-33342	178	18	being	be	AUX
cjfa-33342	178	19	to	to	PART
cjfa-33342	178	20	minimise	minimise	VERB
cjfa-33342	178	21	the	the	DET
cjfa-33342	178	22	effects	effect	NOUN
cjfa-33342	178	23	of	of	ADP
cjfa-33342	178	24	this	this	DET
cjfa-33342	178	25	crisis	crisis	NOUN
cjfa-33342	178	26	on	on	ADP
cjfa-33342	178	27	agents	agent	NOUN
cjfa-33342	178	28	expectations	expectation	NOUN
cjfa-33342	178	29	.	.	PUNCT
cjfa-33342	179	1	since	since	SCONJ
cjfa-33342	179	2	it	it	PRON
cjfa-33342	179	3	is	be	AUX
cjfa-33342	179	4	assumed	assume	VERB
cjfa-33342	179	5	in	in	ADP
cjfa-33342	179	6	the	the	DET
cjfa-33342	179	7	literature	literature	NOUN
cjfa-33342	179	8	and	and	CCONJ
cjfa-33342	179	9	in	in	ADP
cjfa-33342	179	10	practice	practice	NOUN
cjfa-33342	179	11	that	that	SCONJ
cjfa-33342	179	12	there	there	PRON
cjfa-33342	179	13	is	be	VERB
cjfa-33342	179	14	a	a	DET
cjfa-33342	179	15	relationship	relationship	NOUN
cjfa-33342	179	16	between	between	ADP
cjfa-33342	179	17	short	short	ADJ
cjfa-33342	179	18	terms	term	NOUN
cjfa-33342	179	19	rates	rate	NOUN
cjfa-33342	179	20	on	on	ADP
cjfa-33342	179	21	the	the	DET
cjfa-33342	179	22	market	market	NOUN
cjfa-33342	179	23	,	,	PUNCT
cjfa-33342	179	24	the	the	DET
cjfa-33342	179	25	maturities	maturity	NOUN
cjfa-33342	179	26	considered	consider	VERB
cjfa-33342	179	27	are	be	AUX
cjfa-33342	179	28	less	less	ADJ
cjfa-33342	179	29	than	than	ADP
cjfa-33342	179	30	one	one	NUM
cjfa-33342	179	31	year	year	NOUN
cjfa-33342	179	32	.	.	PUNCT
cjfa-33342	180	1	the	the	DET
cjfa-33342	180	2	choice	choice	NOUN
cjfa-33342	180	3	of	of	ADP
cjfa-33342	180	4	those	those	PRON
cjfa-33342	180	5	used	use	VERB
cjfa-33342	180	6	is	be	AUX
cjfa-33342	180	7	based	base	VERB
cjfa-33342	180	8	on	on	ADP
cjfa-33342	180	9	the	the	DET
cjfa-33342	180	10	fact	fact	NOUN
cjfa-33342	180	11	that	that	SCONJ
cjfa-33342	180	12	they	they	PRON
cjfa-33342	180	13	are	be	AUX
cjfa-33342	180	14	the	the	DET
cjfa-33342	180	15	most	most	ADV
cjfa-33342	180	16	used	use	VERB
cjfa-33342	180	17	rates	rate	NOUN
cjfa-33342	180	18	in	in	ADP
cjfa-33342	180	19	empirical	empirical	ADJ
cjfa-33342	180	20	studies	study	NOUN
cjfa-33342	180	21	.	.	PUNCT
cjfa-33342	181	1	in	in	ADP
cjfa-33342	181	2	addition	addition	NOUN
cjfa-33342	181	3	,	,	PUNCT
cjfa-33342	181	4	three	three	NUM
cjfa-33342	181	5	-	-	PUNCT
cjfa-33342	181	6	month	month	NOUN
cjfa-33342	181	7	and	and	CCONJ
cjfa-33342	181	8	six	six	NUM
cjfa-33342	181	9	-	-	PUNCT
cjfa-33342	181	10	month	month	NOUN
cjfa-33342	181	11	rates	rate	NOUN
cjfa-33342	181	12	represent	represent	VERB
cjfa-33342	181	13	the	the	DET
cjfa-33342	181	14	most	most	ADV
cjfa-33342	181	15	commonly	commonly	ADV
cjfa-33342	181	16	used	use	VERB
cjfa-33342	181	17	reference	reference	NOUN
cjfa-33342	181	18	rates	rate	NOUN
cjfa-33342	181	19	on	on	ADP
cjfa-33342	181	20	interbank	interbank	NOUN
cjfa-33342	181	21	markets	market	NOUN
cjfa-33342	181	22	.	.	PUNCT
cjfa-33342	182	1	they	they	PRON
cjfa-33342	182	2	were	be	AUX
cjfa-33342	182	3	therefore	therefore	ADV
cjfa-33342	182	4	considered	consider	VERB
cjfa-33342	182	5	as	as	ADP
cjfa-33342	182	6	short	short	ADJ
cjfa-33342	182	7	-	-	PUNCT
cjfa-33342	182	8	term	term	NOUN
cjfa-33342	182	9	rates	rate	NOUN
cjfa-33342	182	10	in	in	ADP
cjfa-33342	182	11	this	this	DET
cjfa-33342	182	12	study	study	NOUN
cjfa-33342	182	13	–	–	PUNCT
cjfa-33342	182	14	that	that	PRON
cjfa-33342	182	15	is	be	AUX
cjfa-33342	182	16	the	the	DET
cjfa-33342	182	17	rates	rate	NOUN
cjfa-33342	182	18	that	that	PRON
cjfa-33342	182	19	are	be	AUX
cjfa-33342	182	20	anticipated	anticipate	VERB
cjfa-33342	182	21	by	by	ADP
cjfa-33342	182	22	agents	agent	NOUN
cjfa-33342	182	23	.	.	PUNCT
cjfa-33342	183	1	data	datum	NOUN
cjfa-33342	183	2	of	of	ADP
cjfa-33342	183	3	ghana	ghana	PROPN
cjfa-33342	183	4	and	and	CCONJ
cjfa-33342	183	5	nigeria	nigeria	PROPN
cjfa-33342	183	6	were	be	AUX
cjfa-33342	183	7	directly	directly	ADV
cjfa-33342	183	8	obtained	obtain	VERB
cjfa-33342	183	9	with	with	ADP
cjfa-33342	183	10	a	a	DET
cjfa-33342	183	11	monthly	monthly	ADJ
cjfa-33342	183	12	frequency	frequency	NOUN
cjfa-33342	183	13	,	,	PUNCT
cjfa-33342	183	14	while	while	SCONJ
cjfa-33342	183	15	those	those	PRON
cjfa-33342	183	16	of	of	ADP
cjfa-33342	183	17	the	the	DET
cjfa-33342	183	18	republic	republic	NOUN
cjfa-33342	183	19	of	of	ADP
cjfa-33342	183	20	south	south	PROPN
cjfa-33342	183	21	africa	africa	PROPN
cjfa-33342	183	22	,	,	PUNCT
cjfa-33342	183	23	egypt	egypt	PROPN
cjfa-33342	183	24	and	and	CCONJ
cjfa-33342	183	25	kenya	kenya	PROPN
cjfa-33342	183	26	were	be	AUX
cjfa-33342	183	27	obtained	obtain	VERB
cjfa-33342	183	28	initially	initially	ADV
cjfa-33342	183	29	with	with	ADP
cjfa-33342	183	30	a	a	DET
cjfa-33342	183	31	weekly	weekly	ADJ
cjfa-33342	183	32	frequency	frequency	NOUN
cjfa-33342	183	33	.	.	PUNCT
cjfa-33342	184	1	they	they	PRON
cjfa-33342	184	2	were	be	AUX
cjfa-33342	184	3	therefore	therefore	ADV
cjfa-33342	184	4	grouped	group	VERB
cjfa-33342	184	5	monthly	monthly	ADV
cjfa-33342	184	6	from	from	ADP
cjfa-33342	184	7	a	a	DET
cjfa-33342	184	8	simple	simple	ADJ
cjfa-33342	184	9	arithmetic	arithmetic	ADJ
cjfa-33342	184	10	mean	mean	NOUN
cjfa-33342	184	11	.	.	PUNCT
cjfa-33342	185	1	the	the	DET
cjfa-33342	185	2	time	time	NOUN
cjfa-33342	185	3	series	series	PROPN
cjfa-33342	185	4	obtained	obtain	VERB
cjfa-33342	185	5	had	have	VERB
cjfa-33342	185	6	some	some	DET
cjfa-33342	185	7	missing	missing	ADJ
cjfa-33342	185	8	observations	observation	NOUN
cjfa-33342	185	9	.	.	PUNCT
cjfa-33342	186	1	for	for	ADP
cjfa-33342	186	2	ghana	ghana	PROPN
cjfa-33342	186	3	,	,	PUNCT
cjfa-33342	186	4	there	there	PRON
cjfa-33342	186	5	was	be	VERB
cjfa-33342	186	6	one	one	NUM
cjfa-33342	186	7	missing	miss	VERB
cjfa-33342	186	8	observation	observation	NOUN
cjfa-33342	186	9	about	about	ADP
cjfa-33342	186	10	3	3	NUM
cjfa-33342	186	11	-	-	PUNCT
cjfa-33342	186	12	month	month	NOUN
cjfa-33342	186	13	rate	rate	NOUN
cjfa-33342	186	14	of	of	ADP
cjfa-33342	186	15	t	t	PROPN
cjfa-33342	186	16	-	-	PUNCT
cjfa-33342	186	17	bill	bill	NOUN
cjfa-33342	186	18	.	.	PUNCT
cjfa-33342	187	1	for	for	ADP
cjfa-33342	187	2	kenya	kenya	NOUN
cjfa-33342	187	3	,	,	PUNCT
cjfa-33342	187	4	there	there	PRON
cjfa-33342	187	5	was	be	VERB
cjfa-33342	187	6	one	one	NUM
cjfa-33342	187	7	missing	miss	VERB
cjfa-33342	187	8	observation	observation	NOUN
cjfa-33342	187	9	about	about	ADP
cjfa-33342	187	10	the	the	DET
cjfa-33342	187	11	3	3	NUM
cjfa-33342	187	12	-	-	PUNCT
cjfa-33342	187	13	month	month	NOUN
cjfa-33342	187	14	rate	rate	NOUN
cjfa-33342	187	15	series	series	NOUN
cjfa-33342	187	16	,	,	PUNCT
cjfa-33342	187	17	one	one	NUM
cjfa-33342	187	18	missing	miss	VERB
cjfa-33342	187	19	observation	observation	NOUN
cjfa-33342	187	20	for	for	ADP
cjfa-33342	187	21	the	the	DET
cjfa-33342	187	22	6	6	NUM
cjfa-33342	187	23	-	-	PUNCT
cjfa-33342	187	24	month	month	NOUN
cjfa-33342	187	25	rate	rate	NOUN
cjfa-33342	187	26	series	series	NOUN
cjfa-33342	187	27	,	,	PUNCT
cjfa-33342	187	28	and	and	CCONJ
cjfa-33342	187	29	6	6	NUM
cjfa-33342	187	30	missing	miss	VERB
cjfa-33342	187	31	observations	observation	NOUN
cjfa-33342	187	32	for	for	ADP
cjfa-33342	187	33	the	the	DET
cjfa-33342	187	34	12	12	NUM
cjfa-33342	187	35	-	-	PUNCT
cjfa-33342	187	36	month	month	NOUN
cjfa-33342	187	37	rate	rate	NOUN
cjfa-33342	187	38	series	series	NOUN
cjfa-33342	187	39	.	.	PUNCT
cjfa-33342	188	1	the	the	DET
cjfa-33342	188	2	missing	miss	VERB
cjfa-33342	188	3	observations	observation	NOUN
cjfa-33342	188	4	not	not	PART
cjfa-33342	188	5	exceeding	exceed	VERB
cjfa-33342	188	6	one	one	NUM
cjfa-33342	188	7	period	period	NOUN
cjfa-33342	188	8	for	for	ADP
cjfa-33342	188	9	each	each	PRON
cjfa-33342	188	10	of	of	ADP
cjfa-33342	188	11	these	these	DET
cjfa-33342	188	12	series	series	NOUN
cjfa-33342	188	13	,	,	PUNCT
cjfa-33342	188	14	we	we	PRON
cjfa-33342	188	15	filled	fill	VERB
cjfa-33342	188	16	the	the	DET
cjfa-33342	188	17	gaps	gap	NOUN
cjfa-33342	188	18	with	with	ADP
cjfa-33342	188	19	a	a	DET
cjfa-33342	188	20	simple	simple	ADJ
cjfa-33342	188	21	linear	linear	ADJ
cjfa-33342	188	22	interpolation	interpolation	NOUN
cjfa-33342	188	23	.	.	PUNCT
cjfa-33342	189	1	interest	interest	NOUN
cjfa-33342	189	2	rate	rate	NOUN
cjfa-33342	189	3	predictability	predictability	NOUN
cjfa-33342	189	4	in	in	ADP
cjfa-33342	189	5	some	some	DET
cjfa-33342	189	6	selected	select	VERB
cjfa-33342	189	7	african	african	ADJ
cjfa-33342	189	8	countries	country	NOUN
cjfa-33342	189	9	51	51	NUM
cjfa-33342	189	10	for	for	ADP
cjfa-33342	189	11	egypt	egypt	PROPN
cjfa-33342	189	12	,	,	PUNCT
cjfa-33342	189	13	there	there	PRON
cjfa-33342	189	14	was	be	VERB
cjfa-33342	189	15	a	a	DET
cjfa-33342	189	16	total	total	ADJ
cjfa-33342	189	17	absence	absence	NOUN
cjfa-33342	189	18	of	of	ADP
cjfa-33342	189	19	transactions	transaction	NOUN
cjfa-33342	189	20	between	between	ADP
cjfa-33342	189	21	january	january	PROPN
cjfa-33342	189	22	and	and	CCONJ
cjfa-33342	189	23	october	october	PROPN
cjfa-33342	189	24	2015	2015	NUM
cjfa-33342	189	25	for	for	ADP
cjfa-33342	189	26	the	the	DET
cjfa-33342	189	27	3	3	NUM
cjfa-33342	189	28	-	-	PUNCT
cjfa-33342	189	29	month	month	NOUN
cjfa-33342	189	30	rate	rate	NOUN
cjfa-33342	189	31	series	series	NOUN
cjfa-33342	189	32	,	,	PUNCT
cjfa-33342	189	33	and	and	CCONJ
cjfa-33342	189	34	between	between	ADP
cjfa-33342	189	35	january	january	PROPN
cjfa-33342	189	36	and	and	CCONJ
cjfa-33342	189	37	december	december	PROPN
cjfa-33342	189	38	2015	2015	NUM
cjfa-33342	189	39	for	for	ADP
cjfa-33342	189	40	the	the	DET
cjfa-33342	189	41	6	6	NUM
cjfa-33342	189	42	-	-	PUNCT
cjfa-33342	189	43	month	month	NOUN
cjfa-33342	189	44	and	and	CCONJ
cjfa-33342	189	45	12	12	NUM
cjfa-33342	189	46	-	-	PUNCT
cjfa-33342	189	47	month	month	NOUN
cjfa-33342	189	48	rate	rate	NOUN
cjfa-33342	189	49	series	series	NOUN
cjfa-33342	189	50	(	(	PUNCT
cjfa-33342	189	51	a	a	DET
cjfa-33342	189	52	whole	whole	ADJ
cjfa-33342	189	53	year	year	NOUN
cjfa-33342	189	54	)	)	PUNCT
cjfa-33342	189	55	.	.	PUNCT
cjfa-33342	190	1	last	last	ADJ
cjfa-33342	190	2	observations	observation	NOUN
cjfa-33342	190	3	carry	carry	VERB
cjfa-33342	190	4	forward	forward	ADV
cjfa-33342	190	5	(	(	PUNCT
cjfa-33342	190	6	locf	locf	PROPN
cjfa-33342	190	7	)	)	PUNCT
cjfa-33342	190	8	and	and	CCONJ
cjfa-33342	190	9	next	next	ADJ
cjfa-33342	190	10	observation	observation	NOUN
cjfa-33342	190	11	carry	carry	VERB
cjfa-33342	190	12	backward	backward	ADV
cjfa-33342	190	13	(	(	PUNCT
cjfa-33342	190	14	nocb	nocb	NOUN
cjfa-33342	190	15	)	)	PUNCT
cjfa-33342	190	16	techniques	technique	NOUN
cjfa-33342	190	17	were	be	AUX
cjfa-33342	190	18	used	use	VERB
cjfa-33342	190	19	for	for	ADP
cjfa-33342	190	20	50	50	NUM
cjfa-33342	190	21	%	%	NOUN
cjfa-33342	190	22	of	of	ADP
cjfa-33342	190	23	consecutive	consecutive	ADJ
cjfa-33342	190	24	voids	void	NOUN
cjfa-33342	190	25	.	.	PUNCT
cjfa-33342	191	1	methods	method	NOUN
cjfa-33342	191	2	of	of	ADP
cjfa-33342	191	3	data	datum	NOUN
cjfa-33342	191	4	analysis	analysis	NOUN
cjfa-33342	191	5	we	we	PRON
cjfa-33342	191	6	mentioned	mention	VERB
cjfa-33342	191	7	supra	supra	PROPN
cjfa-33342	191	8	that	that	SCONJ
cjfa-33342	191	9	shiller	shiller	PROPN
cjfa-33342	191	10	and	and	CCONJ
cjfa-33342	191	11	mcculloch	mcculloch	PROPN
cjfa-33342	191	12	(	(	PUNCT
cjfa-33342	191	13	1990	1990	NUM
cjfa-33342	191	14	)	)	PUNCT
cjfa-33342	191	15	distinguishes	distinguish	VERB
cjfa-33342	191	16	three	three	NUM
cjfa-33342	191	17	term	term	NOUN
cjfa-33342	191	18	risk	risk	NOUN
cjfa-33342	191	19	premiums	premium	NOUN
cjfa-33342	191	20	:	:	PUNCT
cjfa-33342	191	21	the	the	DET
cjfa-33342	191	22	yield	yield	NOUN
cjfa-33342	191	23	term	term	NOUN
cjfa-33342	191	24	premium	premium	NOUN
cjfa-33342	191	25	,	,	PUNCT
cjfa-33342	191	26	the	the	DET
cjfa-33342	191	27	forward	forward	ADJ
cjfa-33342	191	28	term	term	NOUN
cjfa-33342	191	29	premium	premium	NOUN
cjfa-33342	191	30	and	and	CCONJ
cjfa-33342	191	31	the	the	DET
cjfa-33342	191	32	holding	holding	NOUN
cjfa-33342	191	33	-	-	PUNCT
cjfa-33342	191	34	period	period	NOUN
cjfa-33342	191	35	premium	premium	NOUN
cjfa-33342	191	36	.	.	PUNCT
cjfa-33342	192	1	he	he	PRON
cjfa-33342	192	2	derived	derive	VERB
cjfa-33342	192	3	three	three	NUM
cjfa-33342	192	4	models	model	NOUN
cjfa-33342	192	5	from	from	ADP
cjfa-33342	192	6	these	these	DET
cjfa-33342	192	7	term	term	NOUN
cjfa-33342	192	8	premium	premium	NOUN
cjfa-33342	192	9	as	as	SCONJ
cjfa-33342	192	10	follows	follow	VERB
cjfa-33342	192	11	:	:	PUNCT
cjfa-33342	192	12	1	1	NUM
cjfa-33342	192	13	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	192	14	�	�	PROPN
cjfa-33342	192	15	(	(	PUNCT
cjfa-33342	192	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	192	17	�	�	PROPN
cjfa-33342	192	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	192	19	�	�	PROPN
cjfa-33342	192	20	�	�	PROPN
cjfa-33342	192	21	�	�	PROPN
cjfa-33342	192	22	�	�	PROPN
cjfa-33342	192	23	(	(	PUNCT
cjfa-33342	192	24	�	�	PROPN
cjfa-33342	192	25	)	)	PUNCT
cjfa-33342	192	26	−	−	PROPN
cjfa-33342	193	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	193	2	�	�	PROPN
cjfa-33342	193	3	(	(	PUNCT
cjfa-33342	193	4	�	�	PROPN
cjfa-33342	193	5	)	)	PUNCT
cjfa-33342	193	6	)	)	PUNCT
cjfa-33342	193	7	�	�	PROPN
cjfa-33342	193	8	�	�	PROPN
cjfa-33342	193	9	�	�	PROPN
cjfa-33342	193	10	�	�	PROPN
cjfa-33342	193	11	�	�	PROPN
cjfa-33342	193	12	�	�	PROPN
cjfa-33342	193	13	=	=	PUNCT
cjfa-33342	193	14	∝	∝	PROPN
cjfa-33342	193	15	+	+	CCONJ
cjfa-33342	193	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	193	17	�	�	PROPN
cjfa-33342	193	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	193	19	�	�	PROPN
cjfa-33342	193	20	(	(	PUNCT
cjfa-33342	193	21	�	�	PROPN
cjfa-33342	193	22	)	)	PUNCT
cjfa-33342	193	23	−	−	PROPN
cjfa-33342	193	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	193	25	�	�	PROPN
cjfa-33342	193	26	(	(	PUNCT
cjfa-33342	193	27	�	�	PROPN
cjfa-33342	193	28	)	)	PUNCT
cjfa-33342	193	29	�	�	PROPN
cjfa-33342	193	30	+	+	CCONJ
cjfa-33342	193	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	193	32	�	�	PROPN
cjfa-33342	193	33	�	�	PROPN
cjfa-33342	193	34	�	�	PROPN
cjfa-33342	193	35	,	,	PUNCT
cjfa-33342	193	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	193	37	𝑤	𝑤	PART
cjfa-33342	193	38	𝑤	𝑤	NOUN
cjfa-33342	193	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	193	40	𝑤	𝑤	ADP
cjfa-33342	193	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	193	42	(	(	PUNCT
cjfa-33342	193	43	𝑤	𝑤	NOUN
cjfa-33342	193	44	)	)	PUNCT
cjfa-33342	193	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	193	46	�	�	PROPN
cjfa-33342	193	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	193	48	�	�	PROPN
cjfa-33342	193	49	�	�	PROPN
cjfa-33342	193	50	�	�	PROPN
cjfa-33342	193	51	(	(	PUNCT
cjfa-33342	193	52	�	�	PROPN
cjfa-33342	193	53	)	)	PUNCT
cjfa-33342	193	54	−	−	PROPN
cjfa-33342	194	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	194	2	�	�	PROPN
cjfa-33342	194	3	(	(	PUNCT
cjfa-33342	194	4	�	�	PROPN
cjfa-33342	194	5	)	)	PUNCT
cjfa-33342	194	6	=	=	SYM
cjfa-33342	195	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	195	2	+	+	ADJ
cjfa-33342	195	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	195	4	�	�	PROPN
cjfa-33342	195	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	195	6	�	�	PROPN
cjfa-33342	195	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	195	8	,	,	PUNCT
cjfa-33342	195	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	195	10	+	+	CCONJ
cjfa-33342	195	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	195	12	)	)	PUNCT
cjfa-33342	195	13	−	−	PROPN
cjfa-33342	195	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	195	15	�	�	PROPN
cjfa-33342	195	16	(	(	PUNCT
cjfa-33342	195	17	�	�	PROPN
cjfa-33342	195	18	)	)	PUNCT
cjfa-33342	195	19	�	�	PROPN
cjfa-33342	195	20	+	+	CCONJ
cjfa-33342	195	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	195	22	�	�	PROPN
cjfa-33342	195	23	�	�	PROPN
cjfa-33342	195	24	�	�	PROPN
cjfa-33342	195	25	�	�	PROPN
cjfa-33342	195	26	�	�	PROPN
cjfa-33342	195	27	(	(	PUNCT
cjfa-33342	195	28	6	6	NUM
cjfa-33342	195	29	)	)	PUNCT
cjfa-33342	195	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	195	31	�	�	PROPN
cjfa-33342	195	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	195	33	�	�	PROPN
cjfa-33342	195	34	�	�	PROPN
cjfa-33342	195	35	�	�	PROPN
cjfa-33342	195	36	(	(	PUNCT
cjfa-33342	195	37	�	�	PROPN
cjfa-33342	195	38	�	�	PROPN
cjfa-33342	195	39	�	�	PROPN
cjfa-33342	195	40	)	)	PUNCT
cjfa-33342	196	1	−	−	PROPN
cjfa-33342	196	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	196	3	�	�	PROPN
cjfa-33342	196	4	(	(	PUNCT
cjfa-33342	196	5	�	�	PROPN
cjfa-33342	196	6	)	)	PUNCT
cjfa-33342	196	7	=	=	SYM
cjfa-33342	197	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	197	2	+	+	NOUN
cjfa-33342	197	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	197	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	197	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	197	6	−	−	NOUN
cjfa-33342	197	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	197	8	�	�	PROPN
cjfa-33342	197	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	197	10	�	�	PROPN
cjfa-33342	197	11	(	(	PUNCT
cjfa-33342	197	12	�	�	PROPN
cjfa-33342	197	13	)	)	PUNCT
cjfa-33342	197	14	−	−	PROPN
cjfa-33342	198	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	198	2	�	�	PROPN
cjfa-33342	198	3	(	(	PUNCT
cjfa-33342	198	4	�	�	PROPN
cjfa-33342	198	5	)	)	PUNCT
cjfa-33342	198	6	�	�	PROPN
cjfa-33342	198	7	+	+	CCONJ
cjfa-33342	198	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	198	9	�	�	PROPN
cjfa-33342	198	10	�	�	PROPN
cjfa-33342	198	11	�	�	PROPN
cjfa-33342	198	12	(	(	PUNCT
cjfa-33342	198	13	7	7	NUM
cjfa-33342	198	14	)	)	PUNCT
cjfa-33342	198	15	where	where	SCONJ
cjfa-33342	198	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	198	17	�	�	PROPN
cjfa-33342	198	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	198	19	�	�	PROPN
cjfa-33342	198	20	�	�	PROPN
cjfa-33342	198	21	�	�	PROPN
cjfa-33342	198	22	�	�	PROPN
cjfa-33342	198	23	(	(	PUNCT
cjfa-33342	198	24	�	�	PROPN
cjfa-33342	198	25	)	)	PUNCT
cjfa-33342	198	26	,	,	PUNCT
cjfa-33342	198	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	198	28	�	�	PROPN
cjfa-33342	198	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	198	30	�	�	PROPN
cjfa-33342	198	31	�	�	PROPN
cjfa-33342	198	32	�	�	PROPN
cjfa-33342	198	33	(	(	PUNCT
cjfa-33342	198	34	�	�	PROPN
cjfa-33342	198	35	)	)	PUNCT
cjfa-33342	198	36	and	and	CCONJ
cjfa-33342	198	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	198	38	�	�	PROPN
cjfa-33342	198	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	198	40	�	�	PROPN
cjfa-33342	198	41	�	�	PROPN
cjfa-33342	198	42	�	�	PROPN
cjfa-33342	198	43	(	(	PUNCT
cjfa-33342	198	44	�	�	PROPN
cjfa-33342	198	45	�	�	PROPN
cjfa-33342	198	46	�	�	PROPN
cjfa-33342	198	47	)	)	PUNCT
cjfa-33342	198	48	are	be	AUX
cjfa-33342	198	49	the	the	DET
cjfa-33342	198	50	rational	rational	ADJ
cjfa-33342	198	51	expected	expect	VERB
cjfa-33342	198	52	rates	rate	NOUN
cjfa-33342	198	53	,	,	PUNCT
cjfa-33342	198	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	198	55	�	�	PROPN
cjfa-33342	198	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	198	57	,	,	PUNCT
cjfa-33342	198	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	198	59	+	+	CCONJ
cjfa-33342	198	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	198	61	)	)	PUNCT
cjfa-33342	198	62	is	be	AUX
cjfa-33342	198	63	the	the	DET
cjfa-33342	198	64	implicit	implicit	ADJ
cjfa-33342	198	65	forward	forward	ADJ
cjfa-33342	198	66	rate	rate	NOUN
cjfa-33342	198	67	in	in	ADP
cjfa-33342	198	68	the	the	DET
cjfa-33342	198	69	current	current	ADJ
cjfa-33342	198	70	term	term	NOUN
cjfa-33342	198	71	structure	structure	NOUN
cjfa-33342	198	72	,	,	PUNCT
cjfa-33342	198	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	198	74	�	�	PROPN
cjfa-33342	198	75	(	(	PUNCT
cjfa-33342	198	76	�	�	PROPN
cjfa-33342	198	77	)	)	PUNCT
cjfa-33342	198	78	and	and	CCONJ
cjfa-33342	198	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	198	80	�	�	PROPN
cjfa-33342	198	81	(	(	PUNCT
cjfa-33342	198	82	�	�	PROPN
cjfa-33342	198	83	)	)	PUNCT
cjfa-33342	198	84	are	be	AUX
cjfa-33342	198	85	respectively	respectively	ADV
cjfa-33342	198	86	the	the	DET
cjfa-33342	198	87	current	current	ADJ
cjfa-33342	198	88	long	long	ADJ
cjfa-33342	198	89	term	term	NOUN
cjfa-33342	198	90	(	(	PUNCT
cjfa-33342	198	91	n	n	DET
cjfa-33342	198	92	period	period	NOUN
cjfa-33342	198	93	)	)	PUNCT
cjfa-33342	198	94	and	and	CCONJ
cjfa-33342	198	95	short	short	ADJ
cjfa-33342	198	96	term	term	NOUN
cjfa-33342	198	97	(	(	PUNCT
cjfa-33342	198	98	m	m	NOUN
cjfa-33342	198	99	period	period	NOUN
cjfa-33342	198	100	)	)	PUNCT
cjfa-33342	198	101	rate	rate	NOUN
cjfa-33342	198	102	,	,	PUNCT
cjfa-33342	198	103	with	with	ADP
cjfa-33342	198	104	k	k	NOUN
cjfa-33342	198	105	=	=	SYM
cjfa-33342	198	106	n	n	CCONJ
cjfa-33342	198	107	/	/	SYM
cjfa-33342	198	108	m	m	PROPN
cjfa-33342	198	109	,	,	PUNCT
cjfa-33342	198	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	198	111	is	be	AUX
cjfa-33342	198	112	a	a	PRON
cjfa-33342	198	113	with	with	ADP
cjfa-33342	198	114	noise	noise	NOUN
cjfa-33342	198	115	.	.	PUNCT
cjfa-33342	199	1	in	in	ADP
cjfa-33342	199	2	this	this	DET
cjfa-33342	199	3	study	study	NOUN
cjfa-33342	199	4	,	,	PUNCT
cjfa-33342	199	5	we	we	PRON
cjfa-33342	199	6	only	only	ADV
cjfa-33342	199	7	used	use	VERB
cjfa-33342	199	8	the	the	DET
cjfa-33342	199	9	models	model	NOUN
cjfa-33342	199	10	(	(	PUNCT
cjfa-33342	199	11	5	5	NUM
cjfa-33342	199	12	)	)	PUNCT
cjfa-33342	199	13	and	and	CCONJ
cjfa-33342	199	14	(	(	PUNCT
cjfa-33342	199	15	6	6	NUM
cjfa-33342	199	16	)	)	PUNCT
cjfa-33342	199	17	,	,	PUNCT
cjfa-33342	199	18	for	for	ADP
cjfa-33342	199	19	the	the	DET
cjfa-33342	199	20	model	model	NOUN
cjfa-33342	199	21	(	(	PUNCT
cjfa-33342	199	22	7	7	NUM
cjfa-33342	199	23	)	)	PUNCT
cjfa-33342	199	24	assumes	assume	VERB
cjfa-33342	199	25	that	that	SCONJ
cjfa-33342	199	26	k>2	k>2	PROPN
cjfa-33342	199	27	.	.	PUNCT
cjfa-33342	200	1	since	since	SCONJ
cjfa-33342	200	2	we	we	PRON
cjfa-33342	200	3	are	be	AUX
cjfa-33342	200	4	not	not	PART
cjfa-33342	200	5	testing	test	VERB
cjfa-33342	200	6	the	the	DET
cjfa-33342	200	7	rational	rational	ADJ
cjfa-33342	200	8	expectations	expectation	NOUN
cjfa-33342	200	9	hypothesis	hypothesis	NOUN
cjfa-33342	200	10	,	,	PUNCT
cjfa-33342	200	11	those	those	DET
cjfa-33342	200	12	models	model	NOUN
cjfa-33342	200	13	were	be	AUX
cjfa-33342	200	14	reformulated	reformulate	VERB
cjfa-33342	200	15	to	to	PART
cjfa-33342	200	16	test	test	VERB
cjfa-33342	200	17	the	the	DET
cjfa-33342	200	18	predictive	predictive	ADJ
cjfa-33342	200	19	power	power	NOUN
cjfa-33342	200	20	of	of	ADP
cjfa-33342	200	21	the	the	DET
cjfa-33342	200	22	implicit	implicit	ADJ
cjfa-33342	200	23	forward	forward	ADJ
cjfa-33342	200	24	rate	rate	NOUN
cjfa-33342	200	25	as	as	SCONJ
cjfa-33342	200	26	follows	follow	VERB
cjfa-33342	200	27	:	:	PUNCT
cjfa-33342	201	1	1	1	NUM
cjfa-33342	201	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	201	3	�	�	PROPN
cjfa-33342	201	4	(	(	PUNCT
cjfa-33342	201	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	201	6	�	�	PROPN
cjfa-33342	201	7	�	�	PROPN
cjfa-33342	201	8	�	�	PROPN
cjfa-33342	201	9	�	�	PROPN
cjfa-33342	201	10	(	(	PUNCT
cjfa-33342	201	11	�	�	PROPN
cjfa-33342	201	12	)	)	PUNCT
cjfa-33342	201	13	−	−	PROPN
cjfa-33342	201	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	201	15	�	�	PROPN
cjfa-33342	201	16	(	(	PUNCT
cjfa-33342	201	17	�	�	PROPN
cjfa-33342	201	18	)	)	PUNCT
cjfa-33342	201	19	)	)	PUNCT
cjfa-33342	201	20	�	�	PROPN
cjfa-33342	201	21	�	�	PROPN
cjfa-33342	201	22	�	�	PROPN
cjfa-33342	201	23	�	�	PROPN
cjfa-33342	201	24	�	�	PROPN
cjfa-33342	201	25	�	�	PROPN
cjfa-33342	201	26	=	=	PUNCT
cjfa-33342	201	27	∝	∝	PROPN
cjfa-33342	201	28	+	+	CCONJ
cjfa-33342	201	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	201	30	�	�	PROPN
cjfa-33342	201	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	201	32	�	�	PROPN
cjfa-33342	201	33	(	(	PUNCT
cjfa-33342	201	34	�	�	PROPN
cjfa-33342	201	35	)	)	PUNCT
cjfa-33342	201	36	−	−	PROPN
cjfa-33342	201	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	201	38	�	�	PROPN
cjfa-33342	201	39	(	(	PUNCT
cjfa-33342	201	40	�	�	PROPN
cjfa-33342	201	41	)	)	PUNCT
cjfa-33342	201	42	�	�	PROPN
cjfa-33342	201	43	+	+	CCONJ
cjfa-33342	201	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	201	45	�	�	PROPN
cjfa-33342	201	46	�	�	PROPN
cjfa-33342	201	47	�	�	PROPN
cjfa-33342	201	48	,	,	PUNCT
cjfa-33342	201	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	201	50	𝑤	𝑤	PART
cjfa-33342	201	51	𝑤	𝑤	NOUN
cjfa-33342	201	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	201	53	𝑤	𝑤	ADP
cjfa-33342	201	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	201	55	(	(	PUNCT
cjfa-33342	201	56	𝑤	𝑤	NOUN
cjfa-33342	201	57	)	)	PUNCT
cjfa-33342	201	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	201	59	�	�	PROPN
cjfa-33342	201	60	�	�	PROPN
cjfa-33342	201	61	�	�	PROPN
cjfa-33342	201	62	(	(	PUNCT
cjfa-33342	201	63	�	�	PROPN
cjfa-33342	201	64	)	)	PUNCT
cjfa-33342	201	65	−	−	PROPN
cjfa-33342	201	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	201	67	�	�	PROPN
cjfa-33342	201	68	(	(	PUNCT
cjfa-33342	201	69	�	�	PROPN
cjfa-33342	201	70	)	)	PUNCT
cjfa-33342	201	71	=	=	SYM
cjfa-33342	202	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	202	2	+	+	ADJ
cjfa-33342	202	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	202	4	�	�	PROPN
cjfa-33342	202	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	202	6	�	�	PROPN
cjfa-33342	202	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	202	8	,	,	PUNCT
cjfa-33342	202	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	202	10	+	+	CCONJ
cjfa-33342	202	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	202	12	)	)	PUNCT
cjfa-33342	202	13	−	−	PROPN
cjfa-33342	202	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	202	15	�	�	PROPN
cjfa-33342	202	16	(	(	PUNCT
cjfa-33342	202	17	�	�	PROPN
cjfa-33342	202	18	)	)	PUNCT
cjfa-33342	202	19	�	�	PROPN
cjfa-33342	202	20	+	+	CCONJ
cjfa-33342	202	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	202	22	�	�	PROPN
cjfa-33342	202	23	�	�	PROPN
cjfa-33342	202	24	�	�	PROPN
cjfa-33342	202	25	�	�	PROPN
cjfa-33342	202	26	�	�	PROPN
cjfa-33342	202	27	(	(	PUNCT
cjfa-33342	202	28	9	9	NUM
cjfa-33342	202	29	)	)	PUNCT
cjfa-33342	202	30	where	where	SCONJ
cjfa-33342	202	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	202	32	�	�	PROPN
cjfa-33342	202	33	�	�	PROPN
cjfa-33342	202	34	�	�	PROPN
cjfa-33342	202	35	�	�	PROPN
cjfa-33342	202	36	(	(	PUNCT
cjfa-33342	202	37	�	�	PROPN
cjfa-33342	202	38	)	)	PUNCT
cjfa-33342	202	39	and	and	CCONJ
cjfa-33342	202	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	202	41	�	�	PROPN
cjfa-33342	202	42	�	�	PROPN
cjfa-33342	202	43	�	�	PROPN
cjfa-33342	202	44	(	(	PUNCT
cjfa-33342	202	45	�	�	PROPN
cjfa-33342	202	46	)	)	PUNCT
cjfa-33342	202	47	are	be	AUX
cjfa-33342	202	48	the	the	DET
cjfa-33342	202	49	forward	forward	ADJ
cjfa-33342	202	50	rates	rate	NOUN
cjfa-33342	202	51	respectively	respectively	ADV
cjfa-33342	202	52	at	at	ADP
cjfa-33342	202	53	time	time	NOUN
cjfa-33342	202	54	t+sm	t+sm	NOUN
cjfa-33342	202	55	and	and	CCONJ
cjfa-33342	202	56	t+k	t+k	NUM
cjfa-33342	202	57	.	.	PUNCT
cjfa-33342	203	1	considering	consider	VERB
cjfa-33342	203	2	the	the	DET
cjfa-33342	203	3	fact	fact	NOUN
cjfa-33342	203	4	that	that	SCONJ
cjfa-33342	203	5	n=2	n=2	PRON
cjfa-33342	203	6	and	and	CCONJ
cjfa-33342	203	7	m=1	m=1	X
cjfa-33342	203	8	in	in	ADP
cjfa-33342	203	9	this	this	DET
cjfa-33342	203	10	study	study	NOUN
cjfa-33342	203	11	,	,	PUNCT
cjfa-33342	203	12	the	the	DET
cjfa-33342	203	13	models	model	NOUN
cjfa-33342	203	14	can	can	AUX
cjfa-33342	203	15	be	be	AUX
cjfa-33342	203	16	rewrite	rewrite	VERB
cjfa-33342	203	17	as	as	SCONJ
cjfa-33342	203	18	follows	follow	VERB
cjfa-33342	203	19	:	:	PUNCT
cjfa-33342	203	20	1	1	NUM
cjfa-33342	203	21	2	2	NUM
cjfa-33342	203	22	(	(	PUNCT
cjfa-33342	203	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	203	24	�	�	PROPN
cjfa-33342	203	25	�	�	PROPN
cjfa-33342	203	26	�	�	PROPN
cjfa-33342	203	27	(	(	PUNCT
cjfa-33342	203	28	�	�	PROPN
cjfa-33342	203	29	)	)	PUNCT
cjfa-33342	203	30	−	−	PROPN
cjfa-33342	203	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	203	32	�	�	PROPN
cjfa-33342	203	33	(	(	PUNCT
cjfa-33342	203	34	�	�	PROPN
cjfa-33342	203	35	)	)	PUNCT
cjfa-33342	203	36	)	)	PUNCT
cjfa-33342	204	1	=	=	PUNCT
cjfa-33342	204	2	∝	∝	NOUN
cjfa-33342	204	3	+	+	CCONJ
cjfa-33342	204	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	204	5	�	�	PROPN
cjfa-33342	204	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	204	7	�	�	PROPN
cjfa-33342	204	8	(	(	PUNCT
cjfa-33342	204	9	�	�	PROPN
cjfa-33342	204	10	)	)	PUNCT
cjfa-33342	204	11	−	−	PROPN
cjfa-33342	205	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	205	2	�	�	PROPN
cjfa-33342	205	3	(	(	PUNCT
cjfa-33342	205	4	�	�	PROPN
cjfa-33342	205	5	)	)	PUNCT
cjfa-33342	205	6	�	�	PROPN
cjfa-33342	205	7	+	+	CCONJ
cjfa-33342	205	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	205	9	�	�	PROPN
cjfa-33342	205	10	�	�	PROPN
cjfa-33342	205	11	�	�	PROPN
cjfa-33342	205	12	,	,	PUNCT
cjfa-33342	205	13	(	(	PUNCT
cjfa-33342	205	14	1𝑤	1𝑤	NUM
cjfa-33342	205	15	)	)	PUNCT
cjfa-33342	205	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	205	17	�	�	PROPN
cjfa-33342	205	18	�	�	PROPN
cjfa-33342	205	19	�	�	PROPN
cjfa-33342	205	20	(	(	PUNCT
cjfa-33342	205	21	�	�	PROPN
cjfa-33342	205	22	)	)	PUNCT
cjfa-33342	205	23	−	−	PROPN
cjfa-33342	206	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	206	2	�	�	PROPN
cjfa-33342	206	3	(	(	PUNCT
cjfa-33342	206	4	�	�	PROPN
cjfa-33342	206	5	)	)	PUNCT
cjfa-33342	206	6	=	=	SYM
cjfa-33342	207	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	207	2	+	+	ADJ
cjfa-33342	207	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	207	4	�	�	NOUN
cjfa-33342	207	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	207	6	�	�	PROPN
cjfa-33342	207	7	(1	(1	NOUN
cjfa-33342	207	8	,	,	PUNCT
cjfa-33342	207	9	2	2	NUM
cjfa-33342	207	10	)	)	PUNCT
cjfa-33342	207	11	−	−	PROPN
cjfa-33342	207	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	207	13	�	�	PROPN
cjfa-33342	207	14	(	(	PUNCT
cjfa-33342	207	15	�	�	PROPN
cjfa-33342	207	16	)	)	PUNCT
cjfa-33342	207	17	�	�	PROPN
cjfa-33342	207	18	+	+	CCONJ
cjfa-33342	207	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	207	20	�	�	PROPN
cjfa-33342	207	21	�	�	PROPN
cjfa-33342	207	22	�	�	PROPN
cjfa-33342	207	23	�	�	PROPN
cjfa-33342	207	24	�	�	PROPN
cjfa-33342	207	25	(	(	PUNCT
cjfa-33342	207	26	11	11	NUM
cjfa-33342	207	27	)	)	PUNCT
cjfa-33342	207	28	in	in	ADP
cjfa-33342	207	29	each	each	DET
cjfa-33342	207	30	equation	equation	NOUN
cjfa-33342	207	31	,	,	PUNCT
cjfa-33342	207	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	207	33	capture	capture	VERB
cjfa-33342	207	34	the	the	DET
cjfa-33342	207	35	predictive	predictive	ADJ
cjfa-33342	207	36	power	power	NOUN
cjfa-33342	207	37	of	of	ADP
cjfa-33342	207	38	the	the	DET
cjfa-33342	207	39	implicit	implicit	ADJ
cjfa-33342	207	40	forward	forward	ADJ
cjfa-33342	207	41	rate	rate	NOUN
cjfa-33342	207	42	in	in	ADP
cjfa-33342	207	43	the	the	DET
cjfa-33342	207	44	current	current	ADJ
cjfa-33342	207	45	term	term	NOUN
cjfa-33342	207	46	structure	structure	NOUN
cjfa-33342	207	47	.	.	PUNCT
cjfa-33342	208	1	indeed	indeed	ADV
cjfa-33342	208	2	,	,	PUNCT
cjfa-33342	208	3	in	in	ADP
cjfa-33342	208	4	(	(	PUNCT
cjfa-33342	208	5	3.6	3.6	NUM
cjfa-33342	208	6	)	)	PUNCT
cjfa-33342	208	7	,	,	PUNCT
cjfa-33342	208	8	the	the	DET
cjfa-33342	208	9	spread	spread	ADJ
cjfa-33342	208	10	�	�	PROPN
cjfa-33342	208	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	208	12	�	�	PROPN
cjfa-33342	208	13	(	(	PUNCT
cjfa-33342	208	14	�	�	PROPN
cjfa-33342	208	15	)	)	PUNCT
cjfa-33342	208	16	−	−	PROPN
cjfa-33342	208	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	208	18	�	�	PROPN
cjfa-33342	208	19	(	(	PUNCT
cjfa-33342	208	20	�	�	PROPN
cjfa-33342	208	21	)	)	PUNCT
cjfa-33342	208	22	�	�	PROPN
cjfa-33342	208	23	is	be	AUX
cjfa-33342	208	24	supposed	suppose	VERB
cjfa-33342	208	25	to	to	PART
cjfa-33342	208	26	be	be	AUX
cjfa-33342	208	27	mathematically	mathematically	ADV
cjfa-33342	208	28	equal	equal	ADJ
cjfa-33342	208	29	to	to	ADP
cjfa-33342	208	30	the	the	DET
cjfa-33342	208	31	half	half	ADJ
cjfa-33342	208	32	rate	rate	NOUN
cjfa-33342	208	33	variation	variation	NOUN
cjfa-33342	208	34	predicted	predict	VERB
cjfa-33342	208	35	by	by	ADP
cjfa-33342	208	36	the	the	DET
cjfa-33342	208	37	implicit	implicit	ADJ
cjfa-33342	208	38	forward	forward	ADJ
cjfa-33342	208	39	rate	rate	NOUN
cjfa-33342	208	40	.	.	PUNCT
cjfa-33342	209	1	it	it	PRON
cjfa-33342	209	2	is	be	AUX
cjfa-33342	209	3	therefore	therefore	ADV
cjfa-33342	209	4	regress	regress	ADJ
cjfa-33342	209	5	on	on	ADP
cjfa-33342	209	6	the	the	DET
cjfa-33342	209	7	realized	realize	VERB
cjfa-33342	209	8	variation	variation	NOUN
cjfa-33342	209	9	in	in	ADP
cjfa-33342	209	10	order	order	NOUN
cjfa-33342	209	11	to	to	PART
cjfa-33342	209	12	know	know	VERB
cjfa-33342	209	13	the	the	DET
cjfa-33342	209	14	predictive	predictive	ADJ
cjfa-33342	209	15	power	power	NOUN
cjfa-33342	209	16	of	of	ADP
cjfa-33342	209	17	the	the	DET
cjfa-33342	209	18	implicit	implicit	ADJ
cjfa-33342	209	19	forward	forward	ADJ
cjfa-33342	209	20	rate	rate	NOUN
cjfa-33342	209	21	.	.	PUNCT
cjfa-33342	210	1	the	the	DET
cjfa-33342	210	2	regression	regression	NOUN
cjfa-33342	210	3	coefficient	coefficient	NOUN
cjfa-33342	210	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	210	5	will	will	AUX
cjfa-33342	210	6	be	be	AUX
cjfa-33342	210	7	equal	equal	ADJ
cjfa-33342	210	8	to	to	ADP
cjfa-33342	210	9	1	1	NUM
cjfa-33342	210	10	if	if	SCONJ
cjfa-33342	210	11	the	the	DET
cjfa-33342	210	12	implicit	implicit	ADJ
cjfa-33342	210	13	forward	forward	ADJ
cjfa-33342	210	14	rate	rate	NOUN
cjfa-33342	210	15	is	be	AUX
cjfa-33342	210	16	a	a	DET
cjfa-33342	210	17	perfect	perfect	ADJ
cjfa-33342	210	18	foresight	foresight	NOUN
cjfa-33342	210	19	indicator	indicator	NOUN
cjfa-33342	210	20	of	of	ADP
cjfa-33342	210	21	short	short	ADJ
cjfa-33342	210	22	terms	term	NOUN
cjfa-33342	210	23	interest	interest	NOUN
cjfa-33342	210	24	rates	rate	NOUN
cjfa-33342	210	25	movements	movement	NOUN
cjfa-33342	210	26	.	.	PUNCT
cjfa-33342	211	1	since	since	SCONJ
cjfa-33342	211	2	(	(	PUNCT
cjfa-33342	211	3	10	10	NUM
cjfa-33342	211	4	)	)	PUNCT
cjfa-33342	211	5	and	and	CCONJ
cjfa-33342	211	6	(	(	PUNCT
cjfa-33342	211	7	11	11	NUM
cjfa-33342	211	8	)	)	PUNCT
cjfa-33342	211	9	are	be	AUX
cjfa-33342	211	10	simple	simple	ADJ
cjfa-33342	211	11	linear	linear	ADJ
cjfa-33342	211	12	regression	regression	NOUN
cjfa-33342	211	13	models	model	NOUN
cjfa-33342	211	14	,	,	PUNCT
cjfa-33342	211	15	all	all	DET
cjfa-33342	211	16	the	the	DET
cjfa-33342	211	17	preliminary	preliminary	ADJ
cjfa-33342	211	18	tests	test	NOUN
cjfa-33342	211	19	of	of	ADP
cjfa-33342	211	20	stationarity	stationarity	NOUN
cjfa-33342	211	21	,	,	PUNCT
cjfa-33342	211	22	co	co	NOUN
cjfa-33342	211	23	-	-	NOUN
cjfa-33342	211	24	integration	integration	NOUN
cjfa-33342	211	25	,	,	PUNCT
cjfa-33342	211	26	normality	normality	NOUN
cjfa-33342	211	27	,	,	PUNCT
cjfa-33342	211	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	211	29	of	of	ADP
cjfa-33342	211	30	errors	error	NOUN
cjfa-33342	211	31	and	and	CCONJ
cjfa-33342	211	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	211	33	were	be	AUX
cjfa-33342	211	34	(	(	PUNCT
cjfa-33342	211	35	5	5	NUM
cjfa-33342	211	36	)	)	SYM
cjfa-33342	211	37	1	1	NUM
cjfa-33342	211	38	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	211	39	�	�	PROPN
cjfa-33342	211	40	(	(	PUNCT
cjfa-33342	211	41	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	211	42	�	�	PROPN
cjfa-33342	211	43	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	211	44	�	�	PROPN
cjfa-33342	211	45	�	�	PROPN
cjfa-33342	211	46	�	�	PROPN
cjfa-33342	211	47	�	�	PROPN
cjfa-33342	211	48	(	(	PUNCT
cjfa-33342	211	49	�	�	PROPN
cjfa-33342	211	50	)	)	PUNCT
cjfa-33342	211	51	−	−	PROPN
cjfa-33342	212	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	212	2	�	�	PROPN
cjfa-33342	212	3	(	(	PUNCT
cjfa-33342	212	4	�	�	PROPN
cjfa-33342	212	5	)	)	PUNCT
cjfa-33342	212	6	)	)	PUNCT
cjfa-33342	212	7	�	�	PROPN
cjfa-33342	212	8	�	�	PROPN
cjfa-33342	212	9	�	�	PROPN
cjfa-33342	212	10	�	�	PROPN
cjfa-33342	212	11	�	�	PROPN
cjfa-33342	212	12	�	�	PROPN
cjfa-33342	212	13	=	=	PUNCT
cjfa-33342	212	14	∝	∝	PROPN
cjfa-33342	212	15	+	+	CCONJ
cjfa-33342	212	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	212	17	�	�	PROPN
cjfa-33342	212	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	212	19	�	�	PROPN
cjfa-33342	212	20	(	(	PUNCT
cjfa-33342	212	21	�	�	PROPN
cjfa-33342	212	22	)	)	PUNCT
cjfa-33342	212	23	−	−	PROPN
cjfa-33342	212	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	212	25	�	�	PROPN
cjfa-33342	212	26	(	(	PUNCT
cjfa-33342	212	27	�	�	PROPN
cjfa-33342	212	28	)	)	PUNCT
cjfa-33342	212	29	�	�	PROPN
cjfa-33342	212	30	+	+	CCONJ
cjfa-33342	212	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	212	32	�	�	PROPN
cjfa-33342	212	33	�	�	PROPN
cjfa-33342	212	34	�	�	PROPN
cjfa-33342	212	35	,	,	PUNCT
cjfa-33342	212	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	212	37	𝑤	𝑤	PART
cjfa-33342	212	38	𝑤	𝑤	NOUN
cjfa-33342	212	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	212	40	𝑤	𝑤	ADP
cjfa-33342	212	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	212	42	(	(	PUNCT
cjfa-33342	212	43	𝑤	𝑤	NOUN
cjfa-33342	212	44	)	)	PUNCT
cjfa-33342	212	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	212	46	�	�	PROPN
cjfa-33342	212	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	212	48	�	�	PROPN
cjfa-33342	212	49	�	�	PROPN
cjfa-33342	212	50	�	�	PROPN
cjfa-33342	212	51	(	(	PUNCT
cjfa-33342	212	52	�	�	PROPN
cjfa-33342	212	53	)	)	PUNCT
cjfa-33342	212	54	−	−	PROPN
cjfa-33342	213	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	213	2	�	�	PROPN
cjfa-33342	213	3	(	(	PUNCT
cjfa-33342	213	4	�	�	PROPN
cjfa-33342	213	5	)	)	PUNCT
cjfa-33342	213	6	=	=	SYM
cjfa-33342	214	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	214	2	+	+	ADJ
cjfa-33342	214	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	214	4	�	�	PROPN
cjfa-33342	214	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	214	6	�	�	PROPN
cjfa-33342	214	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	214	8	,	,	PUNCT
cjfa-33342	214	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	214	10	+	+	CCONJ
cjfa-33342	214	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	214	12	)	)	PUNCT
cjfa-33342	214	13	−	−	PROPN
cjfa-33342	214	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	214	15	�	�	PROPN
cjfa-33342	214	16	(	(	PUNCT
cjfa-33342	214	17	�	�	PROPN
cjfa-33342	214	18	)	)	PUNCT
cjfa-33342	214	19	�	�	PROPN
cjfa-33342	214	20	+	+	CCONJ
cjfa-33342	214	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	214	22	�	�	PROPN
cjfa-33342	214	23	�	�	PROPN
cjfa-33342	214	24	�	�	PROPN
cjfa-33342	214	25	�	�	PROPN
cjfa-33342	214	26	�	�	PROPN
cjfa-33342	214	27	(	(	PUNCT
cjfa-33342	214	28	6	6	NUM
cjfa-33342	214	29	)	)	PUNCT
cjfa-33342	214	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	214	31	�	�	PROPN
cjfa-33342	214	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	214	33	�	�	PROPN
cjfa-33342	214	34	�	�	PROPN
cjfa-33342	214	35	�	�	PROPN
cjfa-33342	214	36	(	(	PUNCT
cjfa-33342	214	37	�	�	PROPN
cjfa-33342	214	38	�	�	PROPN
cjfa-33342	214	39	�	�	PROPN
cjfa-33342	214	40	)	)	PUNCT
cjfa-33342	215	1	−	−	PROPN
cjfa-33342	215	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	215	3	�	�	PROPN
cjfa-33342	215	4	(	(	PUNCT
cjfa-33342	215	5	�	�	PROPN
cjfa-33342	215	6	)	)	PUNCT
cjfa-33342	215	7	=	=	SYM
cjfa-33342	216	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	216	2	+	+	NOUN
cjfa-33342	216	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	216	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	216	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	216	6	−	−	NOUN
cjfa-33342	216	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	216	8	�	�	PROPN
cjfa-33342	216	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	216	10	�	�	PROPN
cjfa-33342	216	11	(	(	PUNCT
cjfa-33342	216	12	�	�	PROPN
cjfa-33342	216	13	)	)	PUNCT
cjfa-33342	216	14	−	−	PROPN
cjfa-33342	217	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	217	2	�	�	PROPN
cjfa-33342	217	3	(	(	PUNCT
cjfa-33342	217	4	�	�	PROPN
cjfa-33342	217	5	)	)	PUNCT
cjfa-33342	217	6	�	�	PROPN
cjfa-33342	217	7	+	+	CCONJ
cjfa-33342	217	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	217	9	�	�	PROPN
cjfa-33342	217	10	�	�	PROPN
cjfa-33342	217	11	�	�	PROPN
cjfa-33342	217	12	(	(	PUNCT
cjfa-33342	217	13	7	7	NUM
cjfa-33342	217	14	)	)	PUNCT
cjfa-33342	217	15	where	where	SCONJ
cjfa-33342	217	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	217	17	�	�	PROPN
cjfa-33342	217	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	217	19	�	�	PROPN
cjfa-33342	217	20	�	�	PROPN
cjfa-33342	217	21	�	�	PROPN
cjfa-33342	217	22	�	�	PROPN
cjfa-33342	217	23	(	(	PUNCT
cjfa-33342	217	24	�	�	PROPN
cjfa-33342	217	25	)	)	PUNCT
cjfa-33342	217	26	,	,	PUNCT
cjfa-33342	217	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	217	28	�	�	PROPN
cjfa-33342	217	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	217	30	�	�	PROPN
cjfa-33342	217	31	�	�	PROPN
cjfa-33342	217	32	�	�	PROPN
cjfa-33342	217	33	(	(	PUNCT
cjfa-33342	217	34	�	�	PROPN
cjfa-33342	217	35	)	)	PUNCT
cjfa-33342	217	36	and	and	CCONJ
cjfa-33342	217	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	217	38	�	�	PROPN
cjfa-33342	217	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	217	40	�	�	PROPN
cjfa-33342	217	41	�	�	PROPN
cjfa-33342	217	42	�	�	PROPN
cjfa-33342	217	43	(	(	PUNCT
cjfa-33342	217	44	�	�	PROPN
cjfa-33342	217	45	�	�	PROPN
cjfa-33342	217	46	�	�	PROPN
cjfa-33342	217	47	)	)	PUNCT
cjfa-33342	217	48	are	be	AUX
cjfa-33342	217	49	the	the	DET
cjfa-33342	217	50	rational	rational	ADJ
cjfa-33342	217	51	expected	expect	VERB
cjfa-33342	217	52	rates	rate	NOUN
cjfa-33342	217	53	,	,	PUNCT
cjfa-33342	217	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	217	55	�	�	PROPN
cjfa-33342	217	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	217	57	,	,	PUNCT
cjfa-33342	217	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	217	59	+	+	CCONJ
cjfa-33342	217	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	217	61	)	)	PUNCT
cjfa-33342	217	62	is	be	AUX
cjfa-33342	217	63	the	the	DET
cjfa-33342	217	64	implicit	implicit	ADJ
cjfa-33342	217	65	forward	forward	ADJ
cjfa-33342	217	66	rate	rate	NOUN
cjfa-33342	217	67	in	in	ADP
cjfa-33342	217	68	the	the	DET
cjfa-33342	217	69	current	current	ADJ
cjfa-33342	217	70	term	term	NOUN
cjfa-33342	217	71	structure	structure	NOUN
cjfa-33342	217	72	,	,	PUNCT
cjfa-33342	217	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	217	74	�	�	PROPN
cjfa-33342	217	75	(	(	PUNCT
cjfa-33342	217	76	�	�	PROPN
cjfa-33342	217	77	)	)	PUNCT
cjfa-33342	217	78	and	and	CCONJ
cjfa-33342	217	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	217	80	�	�	PROPN
cjfa-33342	217	81	(	(	PUNCT
cjfa-33342	217	82	�	�	PROPN
cjfa-33342	217	83	)	)	PUNCT
cjfa-33342	217	84	are	be	AUX
cjfa-33342	217	85	respectively	respectively	ADV
cjfa-33342	217	86	the	the	DET
cjfa-33342	217	87	current	current	ADJ
cjfa-33342	217	88	long	long	ADJ
cjfa-33342	217	89	term	term	NOUN
cjfa-33342	217	90	(	(	PUNCT
cjfa-33342	217	91	n	n	DET
cjfa-33342	217	92	period	period	NOUN
cjfa-33342	217	93	)	)	PUNCT
cjfa-33342	217	94	and	and	CCONJ
cjfa-33342	217	95	short	short	ADJ
cjfa-33342	217	96	term	term	NOUN
cjfa-33342	217	97	(	(	PUNCT
cjfa-33342	217	98	m	m	NOUN
cjfa-33342	217	99	period	period	NOUN
cjfa-33342	217	100	)	)	PUNCT
cjfa-33342	217	101	rate	rate	NOUN
cjfa-33342	217	102	,	,	PUNCT
cjfa-33342	217	103	with	with	ADP
cjfa-33342	217	104	k	k	NOUN
cjfa-33342	217	105	=	=	SYM
cjfa-33342	217	106	n	n	CCONJ
cjfa-33342	217	107	/	/	SYM
cjfa-33342	217	108	m	m	PROPN
cjfa-33342	217	109	,	,	PUNCT
cjfa-33342	217	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	217	111	is	be	AUX
cjfa-33342	217	112	a	a	PRON
cjfa-33342	217	113	with	with	ADP
cjfa-33342	217	114	noise	noise	NOUN
cjfa-33342	217	115	.	.	PUNCT
cjfa-33342	218	1	in	in	ADP
cjfa-33342	218	2	this	this	DET
cjfa-33342	218	3	study	study	NOUN
cjfa-33342	218	4	,	,	PUNCT
cjfa-33342	218	5	we	we	PRON
cjfa-33342	218	6	only	only	ADV
cjfa-33342	218	7	used	use	VERB
cjfa-33342	218	8	the	the	DET
cjfa-33342	218	9	models	model	NOUN
cjfa-33342	218	10	(	(	PUNCT
cjfa-33342	218	11	5	5	NUM
cjfa-33342	218	12	)	)	PUNCT
cjfa-33342	218	13	and	and	CCONJ
cjfa-33342	218	14	(	(	PUNCT
cjfa-33342	218	15	6	6	NUM
cjfa-33342	218	16	)	)	PUNCT
cjfa-33342	218	17	,	,	PUNCT
cjfa-33342	218	18	for	for	ADP
cjfa-33342	218	19	the	the	DET
cjfa-33342	218	20	model	model	NOUN
cjfa-33342	218	21	(	(	PUNCT
cjfa-33342	218	22	7	7	NUM
cjfa-33342	218	23	)	)	PUNCT
cjfa-33342	218	24	assumes	assume	VERB
cjfa-33342	218	25	that	that	SCONJ
cjfa-33342	218	26	k>2	k>2	PROPN
cjfa-33342	218	27	.	.	PUNCT
cjfa-33342	219	1	since	since	SCONJ
cjfa-33342	219	2	we	we	PRON
cjfa-33342	219	3	are	be	AUX
cjfa-33342	219	4	not	not	PART
cjfa-33342	219	5	testing	test	VERB
cjfa-33342	219	6	the	the	DET
cjfa-33342	219	7	rational	rational	ADJ
cjfa-33342	219	8	expectations	expectation	NOUN
cjfa-33342	219	9	hypothesis	hypothesis	NOUN
cjfa-33342	219	10	,	,	PUNCT
cjfa-33342	219	11	those	those	DET
cjfa-33342	219	12	models	model	NOUN
cjfa-33342	219	13	were	be	AUX
cjfa-33342	219	14	reformulated	reformulate	VERB
cjfa-33342	219	15	to	to	PART
cjfa-33342	219	16	test	test	VERB
cjfa-33342	219	17	the	the	DET
cjfa-33342	219	18	predictive	predictive	ADJ
cjfa-33342	219	19	power	power	NOUN
cjfa-33342	219	20	of	of	ADP
cjfa-33342	219	21	the	the	DET
cjfa-33342	219	22	implicit	implicit	ADJ
cjfa-33342	219	23	forward	forward	ADJ
cjfa-33342	219	24	rate	rate	NOUN
cjfa-33342	219	25	as	as	SCONJ
cjfa-33342	219	26	follows	follow	VERB
cjfa-33342	219	27	:	:	PUNCT
cjfa-33342	220	1	1	1	NUM
cjfa-33342	220	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	220	3	�	�	PROPN
cjfa-33342	220	4	(	(	PUNCT
cjfa-33342	220	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	220	6	�	�	PROPN
cjfa-33342	220	7	�	�	PROPN
cjfa-33342	220	8	�	�	PROPN
cjfa-33342	220	9	�	�	PROPN
cjfa-33342	220	10	(	(	PUNCT
cjfa-33342	220	11	�	�	PROPN
cjfa-33342	220	12	)	)	PUNCT
cjfa-33342	220	13	−	−	PROPN
cjfa-33342	220	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	220	15	�	�	PROPN
cjfa-33342	220	16	(	(	PUNCT
cjfa-33342	220	17	�	�	PROPN
cjfa-33342	220	18	)	)	PUNCT
cjfa-33342	220	19	)	)	PUNCT
cjfa-33342	220	20	�	�	PROPN
cjfa-33342	220	21	�	�	PROPN
cjfa-33342	220	22	�	�	PROPN
cjfa-33342	220	23	�	�	PROPN
cjfa-33342	220	24	�	�	PROPN
cjfa-33342	220	25	�	�	PROPN
cjfa-33342	220	26	=	=	PUNCT
cjfa-33342	220	27	∝	∝	PROPN
cjfa-33342	220	28	+	+	CCONJ
cjfa-33342	220	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	220	30	�	�	PROPN
cjfa-33342	220	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	220	32	�	�	PROPN
cjfa-33342	220	33	(	(	PUNCT
cjfa-33342	220	34	�	�	PROPN
cjfa-33342	220	35	)	)	PUNCT
cjfa-33342	220	36	−	−	PROPN
cjfa-33342	220	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	220	38	�	�	PROPN
cjfa-33342	220	39	(	(	PUNCT
cjfa-33342	220	40	�	�	PROPN
cjfa-33342	220	41	)	)	PUNCT
cjfa-33342	220	42	�	�	PROPN
cjfa-33342	220	43	+	+	CCONJ
cjfa-33342	220	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	220	45	�	�	PROPN
cjfa-33342	220	46	�	�	PROPN
cjfa-33342	220	47	�	�	PROPN
cjfa-33342	220	48	,	,	PUNCT
cjfa-33342	220	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	220	50	𝑤	𝑤	PART
cjfa-33342	220	51	𝑤	𝑤	NOUN
cjfa-33342	220	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	220	53	𝑤	𝑤	ADP
cjfa-33342	220	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	220	55	(	(	PUNCT
cjfa-33342	220	56	𝑤	𝑤	NOUN
cjfa-33342	220	57	)	)	PUNCT
cjfa-33342	220	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	220	59	�	�	PROPN
cjfa-33342	220	60	�	�	PROPN
cjfa-33342	220	61	�	�	PROPN
cjfa-33342	220	62	(	(	PUNCT
cjfa-33342	220	63	�	�	PROPN
cjfa-33342	220	64	)	)	PUNCT
cjfa-33342	220	65	−	−	PROPN
cjfa-33342	220	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	220	67	�	�	PROPN
cjfa-33342	220	68	(	(	PUNCT
cjfa-33342	220	69	�	�	PROPN
cjfa-33342	220	70	)	)	PUNCT
cjfa-33342	220	71	=	=	SYM
cjfa-33342	221	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	221	2	+	+	ADJ
cjfa-33342	221	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	221	4	�	�	PROPN
cjfa-33342	221	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	221	6	�	�	PROPN
cjfa-33342	221	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	221	8	,	,	PUNCT
cjfa-33342	221	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	221	10	+	+	CCONJ
cjfa-33342	221	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	221	12	)	)	PUNCT
cjfa-33342	221	13	−	−	PROPN
cjfa-33342	221	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	221	15	�	�	PROPN
cjfa-33342	221	16	(	(	PUNCT
cjfa-33342	221	17	�	�	PROPN
cjfa-33342	221	18	)	)	PUNCT
cjfa-33342	221	19	�	�	PROPN
cjfa-33342	221	20	+	+	CCONJ
cjfa-33342	221	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	221	22	�	�	PROPN
cjfa-33342	221	23	�	�	PROPN
cjfa-33342	221	24	�	�	PROPN
cjfa-33342	221	25	�	�	PROPN
cjfa-33342	221	26	�	�	PROPN
cjfa-33342	221	27	(	(	PUNCT
cjfa-33342	221	28	9	9	NUM
cjfa-33342	221	29	)	)	PUNCT
cjfa-33342	221	30	where	where	SCONJ
cjfa-33342	221	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	221	32	�	�	PROPN
cjfa-33342	221	33	�	�	PROPN
cjfa-33342	221	34	�	�	PROPN
cjfa-33342	221	35	�	�	PROPN
cjfa-33342	221	36	(	(	PUNCT
cjfa-33342	221	37	�	�	PROPN
cjfa-33342	221	38	)	)	PUNCT
cjfa-33342	221	39	and	and	CCONJ
cjfa-33342	221	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	221	41	�	�	PROPN
cjfa-33342	221	42	�	�	PROPN
cjfa-33342	221	43	�	�	PROPN
cjfa-33342	221	44	(	(	PUNCT
cjfa-33342	221	45	�	�	PROPN
cjfa-33342	221	46	)	)	PUNCT
cjfa-33342	221	47	are	be	AUX
cjfa-33342	221	48	the	the	DET
cjfa-33342	221	49	forward	forward	ADJ
cjfa-33342	221	50	rates	rate	NOUN
cjfa-33342	221	51	respectively	respectively	ADV
cjfa-33342	221	52	at	at	ADP
cjfa-33342	221	53	time	time	NOUN
cjfa-33342	221	54	t+sm	t+sm	NOUN
cjfa-33342	221	55	and	and	CCONJ
cjfa-33342	221	56	t+k	t+k	NUM
cjfa-33342	221	57	.	.	PUNCT
cjfa-33342	222	1	considering	consider	VERB
cjfa-33342	222	2	the	the	DET
cjfa-33342	222	3	fact	fact	NOUN
cjfa-33342	222	4	that	that	SCONJ
cjfa-33342	222	5	n=2	n=2	PRON
cjfa-33342	222	6	and	and	CCONJ
cjfa-33342	222	7	m=1	m=1	X
cjfa-33342	222	8	in	in	ADP
cjfa-33342	222	9	this	this	DET
cjfa-33342	222	10	study	study	NOUN
cjfa-33342	222	11	,	,	PUNCT
cjfa-33342	222	12	the	the	DET
cjfa-33342	222	13	models	model	NOUN
cjfa-33342	222	14	can	can	AUX
cjfa-33342	222	15	be	be	AUX
cjfa-33342	222	16	rewrite	rewrite	VERB
cjfa-33342	222	17	as	as	SCONJ
cjfa-33342	222	18	follows	follow	VERB
cjfa-33342	222	19	:	:	PUNCT
cjfa-33342	222	20	1	1	NUM
cjfa-33342	222	21	2	2	NUM
cjfa-33342	222	22	(	(	PUNCT
cjfa-33342	222	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	222	24	�	�	PROPN
cjfa-33342	222	25	�	�	PROPN
cjfa-33342	222	26	�	�	PROPN
cjfa-33342	222	27	(	(	PUNCT
cjfa-33342	222	28	�	�	PROPN
cjfa-33342	222	29	)	)	PUNCT
cjfa-33342	222	30	−	−	PROPN
cjfa-33342	222	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	222	32	�	�	PROPN
cjfa-33342	222	33	(	(	PUNCT
cjfa-33342	222	34	�	�	PROPN
cjfa-33342	222	35	)	)	PUNCT
cjfa-33342	222	36	)	)	PUNCT
cjfa-33342	223	1	=	=	PUNCT
cjfa-33342	223	2	∝	∝	NOUN
cjfa-33342	223	3	+	+	CCONJ
cjfa-33342	223	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	223	5	�	�	PROPN
cjfa-33342	223	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	223	7	�	�	PROPN
cjfa-33342	223	8	(	(	PUNCT
cjfa-33342	223	9	�	�	PROPN
cjfa-33342	223	10	)	)	PUNCT
cjfa-33342	223	11	−	−	PROPN
cjfa-33342	224	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	224	2	�	�	PROPN
cjfa-33342	224	3	(	(	PUNCT
cjfa-33342	224	4	�	�	PROPN
cjfa-33342	224	5	)	)	PUNCT
cjfa-33342	224	6	�	�	PROPN
cjfa-33342	224	7	+	+	CCONJ
cjfa-33342	224	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	224	9	�	�	PROPN
cjfa-33342	224	10	�	�	PROPN
cjfa-33342	224	11	�	�	PROPN
cjfa-33342	224	12	,	,	PUNCT
cjfa-33342	224	13	(	(	PUNCT
cjfa-33342	224	14	1𝑤	1𝑤	NUM
cjfa-33342	224	15	)	)	PUNCT
cjfa-33342	224	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	224	17	�	�	PROPN
cjfa-33342	224	18	�	�	PROPN
cjfa-33342	224	19	�	�	PROPN
cjfa-33342	224	20	(	(	PUNCT
cjfa-33342	224	21	�	�	PROPN
cjfa-33342	224	22	)	)	PUNCT
cjfa-33342	224	23	−	−	PROPN
cjfa-33342	225	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	225	2	�	�	PROPN
cjfa-33342	225	3	(	(	PUNCT
cjfa-33342	225	4	�	�	PROPN
cjfa-33342	225	5	)	)	PUNCT
cjfa-33342	225	6	=	=	SYM
cjfa-33342	226	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	226	2	+	+	ADJ
cjfa-33342	226	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	226	4	�	�	NOUN
cjfa-33342	226	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	226	6	�	�	PROPN
cjfa-33342	226	7	(1	(1	NOUN
cjfa-33342	226	8	,	,	PUNCT
cjfa-33342	226	9	2	2	NUM
cjfa-33342	226	10	)	)	PUNCT
cjfa-33342	226	11	−	−	PROPN
cjfa-33342	226	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	226	13	�	�	PROPN
cjfa-33342	226	14	(	(	PUNCT
cjfa-33342	226	15	�	�	PROPN
cjfa-33342	226	16	)	)	PUNCT
cjfa-33342	226	17	�	�	PROPN
cjfa-33342	226	18	+	+	CCONJ
cjfa-33342	226	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	226	20	�	�	PROPN
cjfa-33342	226	21	�	�	PROPN
cjfa-33342	226	22	�	�	PROPN
cjfa-33342	226	23	�	�	PROPN
cjfa-33342	226	24	�	�	PROPN
cjfa-33342	226	25	(	(	PUNCT
cjfa-33342	226	26	11	11	NUM
cjfa-33342	226	27	)	)	PUNCT
cjfa-33342	226	28	in	in	ADP
cjfa-33342	226	29	each	each	DET
cjfa-33342	226	30	equation	equation	NOUN
cjfa-33342	226	31	,	,	PUNCT
cjfa-33342	226	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	226	33	capture	capture	VERB
cjfa-33342	226	34	the	the	DET
cjfa-33342	226	35	predictive	predictive	ADJ
cjfa-33342	226	36	power	power	NOUN
cjfa-33342	226	37	of	of	ADP
cjfa-33342	226	38	the	the	DET
cjfa-33342	226	39	implicit	implicit	ADJ
cjfa-33342	226	40	forward	forward	ADJ
cjfa-33342	226	41	rate	rate	NOUN
cjfa-33342	226	42	in	in	ADP
cjfa-33342	226	43	the	the	DET
cjfa-33342	226	44	current	current	ADJ
cjfa-33342	226	45	term	term	NOUN
cjfa-33342	226	46	structure	structure	NOUN
cjfa-33342	226	47	.	.	PUNCT
cjfa-33342	227	1	indeed	indeed	ADV
cjfa-33342	227	2	,	,	PUNCT
cjfa-33342	227	3	in	in	ADP
cjfa-33342	227	4	(	(	PUNCT
cjfa-33342	227	5	3.6	3.6	NUM
cjfa-33342	227	6	)	)	PUNCT
cjfa-33342	227	7	,	,	PUNCT
cjfa-33342	227	8	the	the	DET
cjfa-33342	227	9	spread	spread	ADJ
cjfa-33342	227	10	�	�	PROPN
cjfa-33342	227	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	227	12	�	�	PROPN
cjfa-33342	227	13	(	(	PUNCT
cjfa-33342	227	14	�	�	PROPN
cjfa-33342	227	15	)	)	PUNCT
cjfa-33342	227	16	−	−	PROPN
cjfa-33342	227	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	227	18	�	�	PROPN
cjfa-33342	227	19	(	(	PUNCT
cjfa-33342	227	20	�	�	PROPN
cjfa-33342	227	21	)	)	PUNCT
cjfa-33342	227	22	�	�	PROPN
cjfa-33342	227	23	is	be	AUX
cjfa-33342	227	24	supposed	suppose	VERB
cjfa-33342	227	25	to	to	PART
cjfa-33342	227	26	be	be	AUX
cjfa-33342	227	27	mathematically	mathematically	ADV
cjfa-33342	227	28	equal	equal	ADJ
cjfa-33342	227	29	to	to	ADP
cjfa-33342	227	30	the	the	DET
cjfa-33342	227	31	half	half	ADJ
cjfa-33342	227	32	rate	rate	NOUN
cjfa-33342	227	33	variation	variation	NOUN
cjfa-33342	227	34	predicted	predict	VERB
cjfa-33342	227	35	by	by	ADP
cjfa-33342	227	36	the	the	DET
cjfa-33342	227	37	implicit	implicit	ADJ
cjfa-33342	227	38	forward	forward	ADJ
cjfa-33342	227	39	rate	rate	NOUN
cjfa-33342	227	40	.	.	PUNCT
cjfa-33342	228	1	it	it	PRON
cjfa-33342	228	2	is	be	AUX
cjfa-33342	228	3	therefore	therefore	ADV
cjfa-33342	228	4	regress	regress	ADJ
cjfa-33342	228	5	on	on	ADP
cjfa-33342	228	6	the	the	DET
cjfa-33342	228	7	realized	realize	VERB
cjfa-33342	228	8	variation	variation	NOUN
cjfa-33342	228	9	in	in	ADP
cjfa-33342	228	10	order	order	NOUN
cjfa-33342	228	11	to	to	PART
cjfa-33342	228	12	know	know	VERB
cjfa-33342	228	13	the	the	DET
cjfa-33342	228	14	predictive	predictive	ADJ
cjfa-33342	228	15	power	power	NOUN
cjfa-33342	228	16	of	of	ADP
cjfa-33342	228	17	the	the	DET
cjfa-33342	228	18	implicit	implicit	ADJ
cjfa-33342	228	19	forward	forward	ADJ
cjfa-33342	228	20	rate	rate	NOUN
cjfa-33342	228	21	.	.	PUNCT
cjfa-33342	229	1	the	the	DET
cjfa-33342	229	2	regression	regression	NOUN
cjfa-33342	229	3	coefficient	coefficient	NOUN
cjfa-33342	229	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	229	5	will	will	AUX
cjfa-33342	229	6	be	be	AUX
cjfa-33342	229	7	equal	equal	ADJ
cjfa-33342	229	8	to	to	ADP
cjfa-33342	229	9	1	1	NUM
cjfa-33342	229	10	if	if	SCONJ
cjfa-33342	229	11	the	the	DET
cjfa-33342	229	12	implicit	implicit	ADJ
cjfa-33342	229	13	forward	forward	ADJ
cjfa-33342	229	14	rate	rate	NOUN
cjfa-33342	229	15	is	be	AUX
cjfa-33342	229	16	a	a	DET
cjfa-33342	229	17	perfect	perfect	ADJ
cjfa-33342	229	18	foresight	foresight	NOUN
cjfa-33342	229	19	indicator	indicator	NOUN
cjfa-33342	229	20	of	of	ADP
cjfa-33342	229	21	short	short	ADJ
cjfa-33342	229	22	terms	term	NOUN
cjfa-33342	229	23	interest	interest	NOUN
cjfa-33342	229	24	rates	rate	NOUN
cjfa-33342	229	25	movements	movement	NOUN
cjfa-33342	229	26	.	.	PUNCT
cjfa-33342	230	1	since	since	SCONJ
cjfa-33342	230	2	(	(	PUNCT
cjfa-33342	230	3	10	10	NUM
cjfa-33342	230	4	)	)	PUNCT
cjfa-33342	230	5	and	and	CCONJ
cjfa-33342	230	6	(	(	PUNCT
cjfa-33342	230	7	11	11	NUM
cjfa-33342	230	8	)	)	PUNCT
cjfa-33342	230	9	are	be	AUX
cjfa-33342	230	10	simple	simple	ADJ
cjfa-33342	230	11	linear	linear	ADJ
cjfa-33342	230	12	regression	regression	NOUN
cjfa-33342	230	13	models	model	NOUN
cjfa-33342	230	14	,	,	PUNCT
cjfa-33342	230	15	all	all	DET
cjfa-33342	230	16	the	the	DET
cjfa-33342	230	17	preliminary	preliminary	ADJ
cjfa-33342	230	18	tests	test	NOUN
cjfa-33342	230	19	of	of	ADP
cjfa-33342	230	20	stationarity	stationarity	NOUN
cjfa-33342	230	21	,	,	PUNCT
cjfa-33342	230	22	co	co	NOUN
cjfa-33342	230	23	-	-	NOUN
cjfa-33342	230	24	integration	integration	NOUN
cjfa-33342	230	25	,	,	PUNCT
cjfa-33342	230	26	normality	normality	NOUN
cjfa-33342	230	27	,	,	PUNCT
cjfa-33342	230	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	230	29	of	of	ADP
cjfa-33342	230	30	errors	error	NOUN
cjfa-33342	230	31	and	and	CCONJ
cjfa-33342	230	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	230	33	were	be	AUX
cjfa-33342	230	34	(	(	PUNCT
cjfa-33342	230	35	6	6	NUM
cjfa-33342	230	36	)	)	SYM
cjfa-33342	230	37	1	1	NUM
cjfa-33342	230	38	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	230	39	�	�	PROPN
cjfa-33342	230	40	(	(	PUNCT
cjfa-33342	230	41	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	230	42	�	�	PROPN
cjfa-33342	230	43	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	230	44	�	�	PROPN
cjfa-33342	230	45	�	�	PROPN
cjfa-33342	230	46	�	�	PROPN
cjfa-33342	230	47	�	�	PROPN
cjfa-33342	230	48	(	(	PUNCT
cjfa-33342	230	49	�	�	PROPN
cjfa-33342	230	50	)	)	PUNCT
cjfa-33342	230	51	−	−	PROPN
cjfa-33342	231	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	231	2	�	�	PROPN
cjfa-33342	231	3	(	(	PUNCT
cjfa-33342	231	4	�	�	PROPN
cjfa-33342	231	5	)	)	PUNCT
cjfa-33342	231	6	)	)	PUNCT
cjfa-33342	231	7	�	�	PROPN
cjfa-33342	231	8	�	�	PROPN
cjfa-33342	231	9	�	�	PROPN
cjfa-33342	231	10	�	�	PROPN
cjfa-33342	231	11	�	�	PROPN
cjfa-33342	231	12	�	�	PROPN
cjfa-33342	231	13	=	=	PUNCT
cjfa-33342	231	14	∝	∝	PROPN
cjfa-33342	231	15	+	+	CCONJ
cjfa-33342	231	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	231	17	�	�	PROPN
cjfa-33342	231	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	231	19	�	�	PROPN
cjfa-33342	231	20	(	(	PUNCT
cjfa-33342	231	21	�	�	PROPN
cjfa-33342	231	22	)	)	PUNCT
cjfa-33342	231	23	−	−	PROPN
cjfa-33342	231	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	231	25	�	�	PROPN
cjfa-33342	231	26	(	(	PUNCT
cjfa-33342	231	27	�	�	PROPN
cjfa-33342	231	28	)	)	PUNCT
cjfa-33342	231	29	�	�	PROPN
cjfa-33342	231	30	+	+	CCONJ
cjfa-33342	231	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	231	32	�	�	PROPN
cjfa-33342	231	33	�	�	PROPN
cjfa-33342	231	34	�	�	PROPN
cjfa-33342	231	35	,	,	PUNCT
cjfa-33342	231	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	231	37	𝑤	𝑤	PART
cjfa-33342	231	38	𝑤	𝑤	NOUN
cjfa-33342	231	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	231	40	𝑤	𝑤	ADP
cjfa-33342	231	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	231	42	(	(	PUNCT
cjfa-33342	231	43	𝑤	𝑤	NOUN
cjfa-33342	231	44	)	)	PUNCT
cjfa-33342	231	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	231	46	�	�	PROPN
cjfa-33342	231	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	231	48	�	�	PROPN
cjfa-33342	231	49	�	�	PROPN
cjfa-33342	231	50	�	�	PROPN
cjfa-33342	231	51	(	(	PUNCT
cjfa-33342	231	52	�	�	PROPN
cjfa-33342	231	53	)	)	PUNCT
cjfa-33342	231	54	−	−	PROPN
cjfa-33342	232	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	232	2	�	�	PROPN
cjfa-33342	232	3	(	(	PUNCT
cjfa-33342	232	4	�	�	PROPN
cjfa-33342	232	5	)	)	PUNCT
cjfa-33342	232	6	=	=	SYM
cjfa-33342	233	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	233	2	+	+	ADJ
cjfa-33342	233	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	233	4	�	�	PROPN
cjfa-33342	233	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	233	6	�	�	PROPN
cjfa-33342	233	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	233	8	,	,	PUNCT
cjfa-33342	233	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	233	10	+	+	CCONJ
cjfa-33342	233	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	233	12	)	)	PUNCT
cjfa-33342	233	13	−	−	PROPN
cjfa-33342	233	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	233	15	�	�	PROPN
cjfa-33342	233	16	(	(	PUNCT
cjfa-33342	233	17	�	�	PROPN
cjfa-33342	233	18	)	)	PUNCT
cjfa-33342	233	19	�	�	PROPN
cjfa-33342	233	20	+	+	CCONJ
cjfa-33342	233	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	233	22	�	�	PROPN
cjfa-33342	233	23	�	�	PROPN
cjfa-33342	233	24	�	�	PROPN
cjfa-33342	233	25	�	�	PROPN
cjfa-33342	233	26	�	�	PROPN
cjfa-33342	233	27	(	(	PUNCT
cjfa-33342	233	28	6	6	NUM
cjfa-33342	233	29	)	)	PUNCT
cjfa-33342	233	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	233	31	�	�	PROPN
cjfa-33342	233	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	233	33	�	�	PROPN
cjfa-33342	233	34	�	�	PROPN
cjfa-33342	233	35	�	�	PROPN
cjfa-33342	233	36	(	(	PUNCT
cjfa-33342	233	37	�	�	PROPN
cjfa-33342	233	38	�	�	PROPN
cjfa-33342	233	39	�	�	PROPN
cjfa-33342	233	40	)	)	PUNCT
cjfa-33342	234	1	−	−	PROPN
cjfa-33342	234	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	234	3	�	�	PROPN
cjfa-33342	234	4	(	(	PUNCT
cjfa-33342	234	5	�	�	PROPN
cjfa-33342	234	6	)	)	PUNCT
cjfa-33342	234	7	=	=	SYM
cjfa-33342	235	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	235	2	+	+	NOUN
cjfa-33342	235	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	235	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	235	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	235	6	−	−	NOUN
cjfa-33342	235	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	235	8	�	�	PROPN
cjfa-33342	235	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	235	10	�	�	PROPN
cjfa-33342	235	11	(	(	PUNCT
cjfa-33342	235	12	�	�	PROPN
cjfa-33342	235	13	)	)	PUNCT
cjfa-33342	235	14	−	−	PROPN
cjfa-33342	236	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	236	2	�	�	PROPN
cjfa-33342	236	3	(	(	PUNCT
cjfa-33342	236	4	�	�	PROPN
cjfa-33342	236	5	)	)	PUNCT
cjfa-33342	236	6	�	�	PROPN
cjfa-33342	236	7	+	+	CCONJ
cjfa-33342	236	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	236	9	�	�	PROPN
cjfa-33342	236	10	�	�	PROPN
cjfa-33342	236	11	�	�	PROPN
cjfa-33342	236	12	(	(	PUNCT
cjfa-33342	236	13	7	7	NUM
cjfa-33342	236	14	)	)	PUNCT
cjfa-33342	236	15	where	where	SCONJ
cjfa-33342	236	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	236	17	�	�	PROPN
cjfa-33342	236	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	236	19	�	�	PROPN
cjfa-33342	236	20	�	�	PROPN
cjfa-33342	236	21	�	�	PROPN
cjfa-33342	236	22	�	�	PROPN
cjfa-33342	236	23	(	(	PUNCT
cjfa-33342	236	24	�	�	PROPN
cjfa-33342	236	25	)	)	PUNCT
cjfa-33342	236	26	,	,	PUNCT
cjfa-33342	236	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	236	28	�	�	PROPN
cjfa-33342	236	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	236	30	�	�	PROPN
cjfa-33342	236	31	�	�	PROPN
cjfa-33342	236	32	�	�	PROPN
cjfa-33342	236	33	(	(	PUNCT
cjfa-33342	236	34	�	�	PROPN
cjfa-33342	236	35	)	)	PUNCT
cjfa-33342	236	36	and	and	CCONJ
cjfa-33342	236	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	236	38	�	�	PROPN
cjfa-33342	236	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	236	40	�	�	PROPN
cjfa-33342	236	41	�	�	PROPN
cjfa-33342	236	42	�	�	PROPN
cjfa-33342	236	43	(	(	PUNCT
cjfa-33342	236	44	�	�	PROPN
cjfa-33342	236	45	�	�	PROPN
cjfa-33342	236	46	�	�	PROPN
cjfa-33342	236	47	)	)	PUNCT
cjfa-33342	236	48	are	be	AUX
cjfa-33342	236	49	the	the	DET
cjfa-33342	236	50	rational	rational	ADJ
cjfa-33342	236	51	expected	expect	VERB
cjfa-33342	236	52	rates	rate	NOUN
cjfa-33342	236	53	,	,	PUNCT
cjfa-33342	236	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	236	55	�	�	PROPN
cjfa-33342	236	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	236	57	,	,	PUNCT
cjfa-33342	236	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	236	59	+	+	CCONJ
cjfa-33342	236	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	236	61	)	)	PUNCT
cjfa-33342	236	62	is	be	AUX
cjfa-33342	236	63	the	the	DET
cjfa-33342	236	64	implicit	implicit	ADJ
cjfa-33342	236	65	forward	forward	ADJ
cjfa-33342	236	66	rate	rate	NOUN
cjfa-33342	236	67	in	in	ADP
cjfa-33342	236	68	the	the	DET
cjfa-33342	236	69	current	current	ADJ
cjfa-33342	236	70	term	term	NOUN
cjfa-33342	236	71	structure	structure	NOUN
cjfa-33342	236	72	,	,	PUNCT
cjfa-33342	236	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	236	74	�	�	PROPN
cjfa-33342	236	75	(	(	PUNCT
cjfa-33342	236	76	�	�	PROPN
cjfa-33342	236	77	)	)	PUNCT
cjfa-33342	236	78	and	and	CCONJ
cjfa-33342	236	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	236	80	�	�	PROPN
cjfa-33342	236	81	(	(	PUNCT
cjfa-33342	236	82	�	�	PROPN
cjfa-33342	236	83	)	)	PUNCT
cjfa-33342	236	84	are	be	AUX
cjfa-33342	236	85	respectively	respectively	ADV
cjfa-33342	236	86	the	the	DET
cjfa-33342	236	87	current	current	ADJ
cjfa-33342	236	88	long	long	ADJ
cjfa-33342	236	89	term	term	NOUN
cjfa-33342	236	90	(	(	PUNCT
cjfa-33342	236	91	n	n	DET
cjfa-33342	236	92	period	period	NOUN
cjfa-33342	236	93	)	)	PUNCT
cjfa-33342	236	94	and	and	CCONJ
cjfa-33342	236	95	short	short	ADJ
cjfa-33342	236	96	term	term	NOUN
cjfa-33342	236	97	(	(	PUNCT
cjfa-33342	236	98	m	m	NOUN
cjfa-33342	236	99	period	period	NOUN
cjfa-33342	236	100	)	)	PUNCT
cjfa-33342	236	101	rate	rate	NOUN
cjfa-33342	236	102	,	,	PUNCT
cjfa-33342	236	103	with	with	ADP
cjfa-33342	236	104	k	k	NOUN
cjfa-33342	236	105	=	=	SYM
cjfa-33342	236	106	n	n	CCONJ
cjfa-33342	236	107	/	/	SYM
cjfa-33342	236	108	m	m	PROPN
cjfa-33342	236	109	,	,	PUNCT
cjfa-33342	236	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	236	111	is	be	AUX
cjfa-33342	236	112	a	a	PRON
cjfa-33342	236	113	with	with	ADP
cjfa-33342	236	114	noise	noise	NOUN
cjfa-33342	236	115	.	.	PUNCT
cjfa-33342	237	1	in	in	ADP
cjfa-33342	237	2	this	this	DET
cjfa-33342	237	3	study	study	NOUN
cjfa-33342	237	4	,	,	PUNCT
cjfa-33342	237	5	we	we	PRON
cjfa-33342	237	6	only	only	ADV
cjfa-33342	237	7	used	use	VERB
cjfa-33342	237	8	the	the	DET
cjfa-33342	237	9	models	model	NOUN
cjfa-33342	237	10	(	(	PUNCT
cjfa-33342	237	11	5	5	NUM
cjfa-33342	237	12	)	)	PUNCT
cjfa-33342	237	13	and	and	CCONJ
cjfa-33342	237	14	(	(	PUNCT
cjfa-33342	237	15	6	6	NUM
cjfa-33342	237	16	)	)	PUNCT
cjfa-33342	237	17	,	,	PUNCT
cjfa-33342	237	18	for	for	ADP
cjfa-33342	237	19	the	the	DET
cjfa-33342	237	20	model	model	NOUN
cjfa-33342	237	21	(	(	PUNCT
cjfa-33342	237	22	7	7	NUM
cjfa-33342	237	23	)	)	PUNCT
cjfa-33342	237	24	assumes	assume	VERB
cjfa-33342	237	25	that	that	SCONJ
cjfa-33342	237	26	k>2	k>2	PROPN
cjfa-33342	237	27	.	.	PUNCT
cjfa-33342	238	1	since	since	SCONJ
cjfa-33342	238	2	we	we	PRON
cjfa-33342	238	3	are	be	AUX
cjfa-33342	238	4	not	not	PART
cjfa-33342	238	5	testing	test	VERB
cjfa-33342	238	6	the	the	DET
cjfa-33342	238	7	rational	rational	ADJ
cjfa-33342	238	8	expectations	expectation	NOUN
cjfa-33342	238	9	hypothesis	hypothesis	NOUN
cjfa-33342	238	10	,	,	PUNCT
cjfa-33342	238	11	those	those	DET
cjfa-33342	238	12	models	model	NOUN
cjfa-33342	238	13	were	be	AUX
cjfa-33342	238	14	reformulated	reformulate	VERB
cjfa-33342	238	15	to	to	PART
cjfa-33342	238	16	test	test	VERB
cjfa-33342	238	17	the	the	DET
cjfa-33342	238	18	predictive	predictive	ADJ
cjfa-33342	238	19	power	power	NOUN
cjfa-33342	238	20	of	of	ADP
cjfa-33342	238	21	the	the	DET
cjfa-33342	238	22	implicit	implicit	ADJ
cjfa-33342	238	23	forward	forward	ADJ
cjfa-33342	238	24	rate	rate	NOUN
cjfa-33342	238	25	as	as	SCONJ
cjfa-33342	238	26	follows	follow	VERB
cjfa-33342	238	27	:	:	PUNCT
cjfa-33342	239	1	1	1	NUM
cjfa-33342	239	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	239	3	�	�	PROPN
cjfa-33342	239	4	(	(	PUNCT
cjfa-33342	239	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	239	6	�	�	PROPN
cjfa-33342	239	7	�	�	PROPN
cjfa-33342	239	8	�	�	PROPN
cjfa-33342	239	9	�	�	PROPN
cjfa-33342	239	10	(	(	PUNCT
cjfa-33342	239	11	�	�	PROPN
cjfa-33342	239	12	)	)	PUNCT
cjfa-33342	239	13	−	−	PROPN
cjfa-33342	239	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	239	15	�	�	PROPN
cjfa-33342	239	16	(	(	PUNCT
cjfa-33342	239	17	�	�	PROPN
cjfa-33342	239	18	)	)	PUNCT
cjfa-33342	239	19	)	)	PUNCT
cjfa-33342	239	20	�	�	PROPN
cjfa-33342	239	21	�	�	PROPN
cjfa-33342	239	22	�	�	PROPN
cjfa-33342	239	23	�	�	PROPN
cjfa-33342	239	24	�	�	PROPN
cjfa-33342	239	25	�	�	PROPN
cjfa-33342	239	26	=	=	PUNCT
cjfa-33342	239	27	∝	∝	PROPN
cjfa-33342	239	28	+	+	CCONJ
cjfa-33342	239	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	239	30	�	�	PROPN
cjfa-33342	239	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	239	32	�	�	PROPN
cjfa-33342	239	33	(	(	PUNCT
cjfa-33342	239	34	�	�	PROPN
cjfa-33342	239	35	)	)	PUNCT
cjfa-33342	239	36	−	−	PROPN
cjfa-33342	239	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	239	38	�	�	PROPN
cjfa-33342	239	39	(	(	PUNCT
cjfa-33342	239	40	�	�	PROPN
cjfa-33342	239	41	)	)	PUNCT
cjfa-33342	239	42	�	�	PROPN
cjfa-33342	239	43	+	+	CCONJ
cjfa-33342	239	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	239	45	�	�	PROPN
cjfa-33342	239	46	�	�	PROPN
cjfa-33342	239	47	�	�	PROPN
cjfa-33342	239	48	,	,	PUNCT
cjfa-33342	239	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	239	50	𝑤	𝑤	PART
cjfa-33342	239	51	𝑤	𝑤	NOUN
cjfa-33342	239	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	239	53	𝑤	𝑤	ADP
cjfa-33342	239	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	239	55	(	(	PUNCT
cjfa-33342	239	56	𝑤	𝑤	NOUN
cjfa-33342	239	57	)	)	PUNCT
cjfa-33342	239	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	239	59	�	�	PROPN
cjfa-33342	239	60	�	�	PROPN
cjfa-33342	239	61	�	�	PROPN
cjfa-33342	239	62	(	(	PUNCT
cjfa-33342	239	63	�	�	PROPN
cjfa-33342	239	64	)	)	PUNCT
cjfa-33342	239	65	−	−	PROPN
cjfa-33342	239	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	239	67	�	�	PROPN
cjfa-33342	239	68	(	(	PUNCT
cjfa-33342	239	69	�	�	PROPN
cjfa-33342	239	70	)	)	PUNCT
cjfa-33342	239	71	=	=	SYM
cjfa-33342	240	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	240	2	+	+	ADJ
cjfa-33342	240	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	240	4	�	�	PROPN
cjfa-33342	240	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	240	6	�	�	PROPN
cjfa-33342	240	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	240	8	,	,	PUNCT
cjfa-33342	240	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	240	10	+	+	CCONJ
cjfa-33342	240	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	240	12	)	)	PUNCT
cjfa-33342	240	13	−	−	PROPN
cjfa-33342	240	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	240	15	�	�	PROPN
cjfa-33342	240	16	(	(	PUNCT
cjfa-33342	240	17	�	�	PROPN
cjfa-33342	240	18	)	)	PUNCT
cjfa-33342	240	19	�	�	PROPN
cjfa-33342	240	20	+	+	CCONJ
cjfa-33342	240	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	240	22	�	�	PROPN
cjfa-33342	240	23	�	�	PROPN
cjfa-33342	240	24	�	�	PROPN
cjfa-33342	240	25	�	�	PROPN
cjfa-33342	240	26	�	�	PROPN
cjfa-33342	240	27	(	(	PUNCT
cjfa-33342	240	28	9	9	NUM
cjfa-33342	240	29	)	)	PUNCT
cjfa-33342	240	30	where	where	SCONJ
cjfa-33342	240	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	240	32	�	�	PROPN
cjfa-33342	240	33	�	�	PROPN
cjfa-33342	240	34	�	�	PROPN
cjfa-33342	240	35	�	�	PROPN
cjfa-33342	240	36	(	(	PUNCT
cjfa-33342	240	37	�	�	PROPN
cjfa-33342	240	38	)	)	PUNCT
cjfa-33342	240	39	and	and	CCONJ
cjfa-33342	240	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	240	41	�	�	PROPN
cjfa-33342	240	42	�	�	PROPN
cjfa-33342	240	43	�	�	PROPN
cjfa-33342	240	44	(	(	PUNCT
cjfa-33342	240	45	�	�	PROPN
cjfa-33342	240	46	)	)	PUNCT
cjfa-33342	240	47	are	be	AUX
cjfa-33342	240	48	the	the	DET
cjfa-33342	240	49	forward	forward	ADJ
cjfa-33342	240	50	rates	rate	NOUN
cjfa-33342	240	51	respectively	respectively	ADV
cjfa-33342	240	52	at	at	ADP
cjfa-33342	240	53	time	time	NOUN
cjfa-33342	240	54	t+sm	t+sm	NOUN
cjfa-33342	240	55	and	and	CCONJ
cjfa-33342	240	56	t+k	t+k	NUM
cjfa-33342	240	57	.	.	PUNCT
cjfa-33342	241	1	considering	consider	VERB
cjfa-33342	241	2	the	the	DET
cjfa-33342	241	3	fact	fact	NOUN
cjfa-33342	241	4	that	that	SCONJ
cjfa-33342	241	5	n=2	n=2	PRON
cjfa-33342	241	6	and	and	CCONJ
cjfa-33342	241	7	m=1	m=1	X
cjfa-33342	241	8	in	in	ADP
cjfa-33342	241	9	this	this	DET
cjfa-33342	241	10	study	study	NOUN
cjfa-33342	241	11	,	,	PUNCT
cjfa-33342	241	12	the	the	DET
cjfa-33342	241	13	models	model	NOUN
cjfa-33342	241	14	can	can	AUX
cjfa-33342	241	15	be	be	AUX
cjfa-33342	241	16	rewrite	rewrite	VERB
cjfa-33342	241	17	as	as	SCONJ
cjfa-33342	241	18	follows	follow	VERB
cjfa-33342	241	19	:	:	PUNCT
cjfa-33342	241	20	1	1	NUM
cjfa-33342	241	21	2	2	NUM
cjfa-33342	241	22	(	(	PUNCT
cjfa-33342	241	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	241	24	�	�	PROPN
cjfa-33342	241	25	�	�	PROPN
cjfa-33342	241	26	�	�	PROPN
cjfa-33342	241	27	(	(	PUNCT
cjfa-33342	241	28	�	�	PROPN
cjfa-33342	241	29	)	)	PUNCT
cjfa-33342	241	30	−	−	PROPN
cjfa-33342	241	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	241	32	�	�	PROPN
cjfa-33342	241	33	(	(	PUNCT
cjfa-33342	241	34	�	�	PROPN
cjfa-33342	241	35	)	)	PUNCT
cjfa-33342	241	36	)	)	PUNCT
cjfa-33342	242	1	=	=	PUNCT
cjfa-33342	242	2	∝	∝	NOUN
cjfa-33342	242	3	+	+	CCONJ
cjfa-33342	242	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	242	5	�	�	PROPN
cjfa-33342	242	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	242	7	�	�	PROPN
cjfa-33342	242	8	(	(	PUNCT
cjfa-33342	242	9	�	�	PROPN
cjfa-33342	242	10	)	)	PUNCT
cjfa-33342	242	11	−	−	PROPN
cjfa-33342	243	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	243	2	�	�	PROPN
cjfa-33342	243	3	(	(	PUNCT
cjfa-33342	243	4	�	�	PROPN
cjfa-33342	243	5	)	)	PUNCT
cjfa-33342	243	6	�	�	PROPN
cjfa-33342	243	7	+	+	CCONJ
cjfa-33342	243	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	243	9	�	�	PROPN
cjfa-33342	243	10	�	�	PROPN
cjfa-33342	243	11	�	�	PROPN
cjfa-33342	243	12	,	,	PUNCT
cjfa-33342	243	13	(	(	PUNCT
cjfa-33342	243	14	1𝑤	1𝑤	NUM
cjfa-33342	243	15	)	)	PUNCT
cjfa-33342	243	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	243	17	�	�	PROPN
cjfa-33342	243	18	�	�	PROPN
cjfa-33342	243	19	�	�	PROPN
cjfa-33342	243	20	(	(	PUNCT
cjfa-33342	243	21	�	�	PROPN
cjfa-33342	243	22	)	)	PUNCT
cjfa-33342	243	23	−	−	PROPN
cjfa-33342	244	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	244	2	�	�	PROPN
cjfa-33342	244	3	(	(	PUNCT
cjfa-33342	244	4	�	�	PROPN
cjfa-33342	244	5	)	)	PUNCT
cjfa-33342	244	6	=	=	SYM
cjfa-33342	245	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	245	2	+	+	ADJ
cjfa-33342	245	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	245	4	�	�	NOUN
cjfa-33342	245	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	245	6	�	�	PROPN
cjfa-33342	245	7	(1	(1	NOUN
cjfa-33342	245	8	,	,	PUNCT
cjfa-33342	245	9	2	2	NUM
cjfa-33342	245	10	)	)	PUNCT
cjfa-33342	245	11	−	−	PROPN
cjfa-33342	245	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	245	13	�	�	PROPN
cjfa-33342	245	14	(	(	PUNCT
cjfa-33342	245	15	�	�	PROPN
cjfa-33342	245	16	)	)	PUNCT
cjfa-33342	245	17	�	�	PROPN
cjfa-33342	245	18	+	+	CCONJ
cjfa-33342	245	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	245	20	�	�	PROPN
cjfa-33342	245	21	�	�	PROPN
cjfa-33342	245	22	�	�	PROPN
cjfa-33342	245	23	�	�	PROPN
cjfa-33342	245	24	�	�	PROPN
cjfa-33342	245	25	(	(	PUNCT
cjfa-33342	245	26	11	11	NUM
cjfa-33342	245	27	)	)	PUNCT
cjfa-33342	245	28	in	in	ADP
cjfa-33342	245	29	each	each	DET
cjfa-33342	245	30	equation	equation	NOUN
cjfa-33342	245	31	,	,	PUNCT
cjfa-33342	245	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	245	33	capture	capture	VERB
cjfa-33342	245	34	the	the	DET
cjfa-33342	245	35	predictive	predictive	ADJ
cjfa-33342	245	36	power	power	NOUN
cjfa-33342	245	37	of	of	ADP
cjfa-33342	245	38	the	the	DET
cjfa-33342	245	39	implicit	implicit	ADJ
cjfa-33342	245	40	forward	forward	ADJ
cjfa-33342	245	41	rate	rate	NOUN
cjfa-33342	245	42	in	in	ADP
cjfa-33342	245	43	the	the	DET
cjfa-33342	245	44	current	current	ADJ
cjfa-33342	245	45	term	term	NOUN
cjfa-33342	245	46	structure	structure	NOUN
cjfa-33342	245	47	.	.	PUNCT
cjfa-33342	246	1	indeed	indeed	ADV
cjfa-33342	246	2	,	,	PUNCT
cjfa-33342	246	3	in	in	ADP
cjfa-33342	246	4	(	(	PUNCT
cjfa-33342	246	5	3.6	3.6	NUM
cjfa-33342	246	6	)	)	PUNCT
cjfa-33342	246	7	,	,	PUNCT
cjfa-33342	246	8	the	the	DET
cjfa-33342	246	9	spread	spread	ADJ
cjfa-33342	246	10	�	�	PROPN
cjfa-33342	246	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	246	12	�	�	PROPN
cjfa-33342	246	13	(	(	PUNCT
cjfa-33342	246	14	�	�	PROPN
cjfa-33342	246	15	)	)	PUNCT
cjfa-33342	246	16	−	−	PROPN
cjfa-33342	246	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	246	18	�	�	PROPN
cjfa-33342	246	19	(	(	PUNCT
cjfa-33342	246	20	�	�	PROPN
cjfa-33342	246	21	)	)	PUNCT
cjfa-33342	246	22	�	�	PROPN
cjfa-33342	246	23	is	be	AUX
cjfa-33342	246	24	supposed	suppose	VERB
cjfa-33342	246	25	to	to	PART
cjfa-33342	246	26	be	be	AUX
cjfa-33342	246	27	mathematically	mathematically	ADV
cjfa-33342	246	28	equal	equal	ADJ
cjfa-33342	246	29	to	to	ADP
cjfa-33342	246	30	the	the	DET
cjfa-33342	246	31	half	half	ADJ
cjfa-33342	246	32	rate	rate	NOUN
cjfa-33342	246	33	variation	variation	NOUN
cjfa-33342	246	34	predicted	predict	VERB
cjfa-33342	246	35	by	by	ADP
cjfa-33342	246	36	the	the	DET
cjfa-33342	246	37	implicit	implicit	ADJ
cjfa-33342	246	38	forward	forward	ADJ
cjfa-33342	246	39	rate	rate	NOUN
cjfa-33342	246	40	.	.	PUNCT
cjfa-33342	247	1	it	it	PRON
cjfa-33342	247	2	is	be	AUX
cjfa-33342	247	3	therefore	therefore	ADV
cjfa-33342	247	4	regress	regress	ADJ
cjfa-33342	247	5	on	on	ADP
cjfa-33342	247	6	the	the	DET
cjfa-33342	247	7	realized	realize	VERB
cjfa-33342	247	8	variation	variation	NOUN
cjfa-33342	247	9	in	in	ADP
cjfa-33342	247	10	order	order	NOUN
cjfa-33342	247	11	to	to	PART
cjfa-33342	247	12	know	know	VERB
cjfa-33342	247	13	the	the	DET
cjfa-33342	247	14	predictive	predictive	ADJ
cjfa-33342	247	15	power	power	NOUN
cjfa-33342	247	16	of	of	ADP
cjfa-33342	247	17	the	the	DET
cjfa-33342	247	18	implicit	implicit	ADJ
cjfa-33342	247	19	forward	forward	ADJ
cjfa-33342	247	20	rate	rate	NOUN
cjfa-33342	247	21	.	.	PUNCT
cjfa-33342	248	1	the	the	DET
cjfa-33342	248	2	regression	regression	NOUN
cjfa-33342	248	3	coefficient	coefficient	NOUN
cjfa-33342	248	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	248	5	will	will	AUX
cjfa-33342	248	6	be	be	AUX
cjfa-33342	248	7	equal	equal	ADJ
cjfa-33342	248	8	to	to	ADP
cjfa-33342	248	9	1	1	NUM
cjfa-33342	248	10	if	if	SCONJ
cjfa-33342	248	11	the	the	DET
cjfa-33342	248	12	implicit	implicit	ADJ
cjfa-33342	248	13	forward	forward	ADJ
cjfa-33342	248	14	rate	rate	NOUN
cjfa-33342	248	15	is	be	AUX
cjfa-33342	248	16	a	a	DET
cjfa-33342	248	17	perfect	perfect	ADJ
cjfa-33342	248	18	foresight	foresight	NOUN
cjfa-33342	248	19	indicator	indicator	NOUN
cjfa-33342	248	20	of	of	ADP
cjfa-33342	248	21	short	short	ADJ
cjfa-33342	248	22	terms	term	NOUN
cjfa-33342	248	23	interest	interest	NOUN
cjfa-33342	248	24	rates	rate	NOUN
cjfa-33342	248	25	movements	movement	NOUN
cjfa-33342	248	26	.	.	PUNCT
cjfa-33342	249	1	since	since	SCONJ
cjfa-33342	249	2	(	(	PUNCT
cjfa-33342	249	3	10	10	NUM
cjfa-33342	249	4	)	)	PUNCT
cjfa-33342	249	5	and	and	CCONJ
cjfa-33342	249	6	(	(	PUNCT
cjfa-33342	249	7	11	11	NUM
cjfa-33342	249	8	)	)	PUNCT
cjfa-33342	249	9	are	be	AUX
cjfa-33342	249	10	simple	simple	ADJ
cjfa-33342	249	11	linear	linear	ADJ
cjfa-33342	249	12	regression	regression	NOUN
cjfa-33342	249	13	models	model	NOUN
cjfa-33342	249	14	,	,	PUNCT
cjfa-33342	249	15	all	all	DET
cjfa-33342	249	16	the	the	DET
cjfa-33342	249	17	preliminary	preliminary	ADJ
cjfa-33342	249	18	tests	test	NOUN
cjfa-33342	249	19	of	of	ADP
cjfa-33342	249	20	stationarity	stationarity	NOUN
cjfa-33342	249	21	,	,	PUNCT
cjfa-33342	249	22	co	co	NOUN
cjfa-33342	249	23	-	-	NOUN
cjfa-33342	249	24	integration	integration	NOUN
cjfa-33342	249	25	,	,	PUNCT
cjfa-33342	249	26	normality	normality	NOUN
cjfa-33342	249	27	,	,	PUNCT
cjfa-33342	249	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	249	29	of	of	ADP
cjfa-33342	249	30	errors	error	NOUN
cjfa-33342	249	31	and	and	CCONJ
cjfa-33342	249	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	249	33	were	be	AUX
cjfa-33342	249	34	(	(	PUNCT
cjfa-33342	249	35	7	7	NUM
cjfa-33342	249	36	)	)	PUNCT
cjfa-33342	250	1	where	where	SCONJ
cjfa-33342	250	2	1	1	NUM
cjfa-33342	250	3	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	250	4	�	�	PROPN
cjfa-33342	250	5	(	(	PUNCT
cjfa-33342	250	6	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	250	7	�	�	PROPN
cjfa-33342	250	8	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	250	9	�	�	PROPN
cjfa-33342	250	10	�	�	PROPN
cjfa-33342	250	11	�	�	PROPN
cjfa-33342	250	12	�	�	PROPN
cjfa-33342	250	13	(	(	PUNCT
cjfa-33342	250	14	�	�	PROPN
cjfa-33342	250	15	)	)	PUNCT
cjfa-33342	250	16	−	−	PROPN
cjfa-33342	250	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	250	18	�	�	PROPN
cjfa-33342	250	19	(	(	PUNCT
cjfa-33342	250	20	�	�	PROPN
cjfa-33342	250	21	)	)	PUNCT
cjfa-33342	250	22	)	)	PUNCT
cjfa-33342	250	23	�	�	PROPN
cjfa-33342	250	24	�	�	PROPN
cjfa-33342	250	25	�	�	PROPN
cjfa-33342	250	26	�	�	PROPN
cjfa-33342	250	27	�	�	PROPN
cjfa-33342	250	28	�	�	PROPN
cjfa-33342	250	29	=	=	PUNCT
cjfa-33342	250	30	∝	∝	PROPN
cjfa-33342	250	31	+	+	CCONJ
cjfa-33342	250	32	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	250	33	�	�	PROPN
cjfa-33342	250	34	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	250	35	�	�	PROPN
cjfa-33342	250	36	(	(	PUNCT
cjfa-33342	250	37	�	�	PROPN
cjfa-33342	250	38	)	)	PUNCT
cjfa-33342	250	39	−	−	PROPN
cjfa-33342	250	40	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	250	41	�	�	PROPN
cjfa-33342	250	42	(	(	PUNCT
cjfa-33342	250	43	�	�	PROPN
cjfa-33342	250	44	)	)	PUNCT
cjfa-33342	250	45	�	�	PROPN
cjfa-33342	250	46	+	+	CCONJ
cjfa-33342	250	47	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	250	48	�	�	PROPN
cjfa-33342	250	49	�	�	PROPN
cjfa-33342	250	50	�	�	PROPN
cjfa-33342	250	51	,	,	PUNCT
cjfa-33342	250	52	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	250	53	𝑤	𝑤	PART
cjfa-33342	250	54	𝑤	𝑤	NOUN
cjfa-33342	250	55	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	250	56	𝑤	𝑤	ADP
cjfa-33342	250	57	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	250	58	(	(	PUNCT
cjfa-33342	250	59	𝑤	𝑤	NOUN
cjfa-33342	250	60	)	)	PUNCT
cjfa-33342	250	61	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	250	62	�	�	PROPN
cjfa-33342	250	63	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	250	64	�	�	PROPN
cjfa-33342	250	65	�	�	PROPN
cjfa-33342	250	66	�	�	PROPN
cjfa-33342	250	67	(	(	PUNCT
cjfa-33342	250	68	�	�	PROPN
cjfa-33342	250	69	)	)	PUNCT
cjfa-33342	250	70	−	−	PROPN
cjfa-33342	251	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	251	2	�	�	PROPN
cjfa-33342	251	3	(	(	PUNCT
cjfa-33342	251	4	�	�	PROPN
cjfa-33342	251	5	)	)	PUNCT
cjfa-33342	251	6	=	=	SYM
cjfa-33342	252	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	252	2	+	+	ADJ
cjfa-33342	252	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	252	4	�	�	PROPN
cjfa-33342	252	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	252	6	�	�	PROPN
cjfa-33342	252	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	252	8	,	,	PUNCT
cjfa-33342	252	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	252	10	+	+	CCONJ
cjfa-33342	252	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	252	12	)	)	PUNCT
cjfa-33342	252	13	−	−	PROPN
cjfa-33342	252	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	252	15	�	�	PROPN
cjfa-33342	252	16	(	(	PUNCT
cjfa-33342	252	17	�	�	PROPN
cjfa-33342	252	18	)	)	PUNCT
cjfa-33342	252	19	�	�	PROPN
cjfa-33342	252	20	+	+	CCONJ
cjfa-33342	252	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	252	22	�	�	PROPN
cjfa-33342	252	23	�	�	PROPN
cjfa-33342	252	24	�	�	PROPN
cjfa-33342	252	25	�	�	PROPN
cjfa-33342	252	26	�	�	PROPN
cjfa-33342	252	27	(	(	PUNCT
cjfa-33342	252	28	6	6	NUM
cjfa-33342	252	29	)	)	PUNCT
cjfa-33342	252	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	252	31	�	�	PROPN
cjfa-33342	252	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	252	33	�	�	PROPN
cjfa-33342	252	34	�	�	PROPN
cjfa-33342	252	35	�	�	PROPN
cjfa-33342	252	36	(	(	PUNCT
cjfa-33342	252	37	�	�	PROPN
cjfa-33342	252	38	�	�	PROPN
cjfa-33342	252	39	�	�	PROPN
cjfa-33342	252	40	)	)	PUNCT
cjfa-33342	253	1	−	−	PROPN
cjfa-33342	253	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	253	3	�	�	PROPN
cjfa-33342	253	4	(	(	PUNCT
cjfa-33342	253	5	�	�	PROPN
cjfa-33342	253	6	)	)	PUNCT
cjfa-33342	253	7	=	=	SYM
cjfa-33342	254	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	254	2	+	+	NOUN
cjfa-33342	254	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	254	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	254	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	254	6	−	−	NOUN
cjfa-33342	254	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	254	8	�	�	PROPN
cjfa-33342	254	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	254	10	�	�	PROPN
cjfa-33342	254	11	(	(	PUNCT
cjfa-33342	254	12	�	�	PROPN
cjfa-33342	254	13	)	)	PUNCT
cjfa-33342	254	14	−	−	PROPN
cjfa-33342	255	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	255	2	�	�	PROPN
cjfa-33342	255	3	(	(	PUNCT
cjfa-33342	255	4	�	�	PROPN
cjfa-33342	255	5	)	)	PUNCT
cjfa-33342	255	6	�	�	PROPN
cjfa-33342	255	7	+	+	CCONJ
cjfa-33342	255	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	255	9	�	�	PROPN
cjfa-33342	255	10	�	�	PROPN
cjfa-33342	255	11	�	�	PROPN
cjfa-33342	255	12	(	(	PUNCT
cjfa-33342	255	13	7	7	NUM
cjfa-33342	255	14	)	)	PUNCT
cjfa-33342	255	15	where	where	SCONJ
cjfa-33342	255	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	255	17	�	�	PROPN
cjfa-33342	255	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	255	19	�	�	PROPN
cjfa-33342	255	20	�	�	PROPN
cjfa-33342	255	21	�	�	PROPN
cjfa-33342	255	22	�	�	PROPN
cjfa-33342	255	23	(	(	PUNCT
cjfa-33342	255	24	�	�	PROPN
cjfa-33342	255	25	)	)	PUNCT
cjfa-33342	255	26	,	,	PUNCT
cjfa-33342	255	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	255	28	�	�	PROPN
cjfa-33342	255	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	255	30	�	�	PROPN
cjfa-33342	255	31	�	�	PROPN
cjfa-33342	255	32	�	�	PROPN
cjfa-33342	255	33	(	(	PUNCT
cjfa-33342	255	34	�	�	PROPN
cjfa-33342	255	35	)	)	PUNCT
cjfa-33342	255	36	and	and	CCONJ
cjfa-33342	255	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	255	38	�	�	PROPN
cjfa-33342	255	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	255	40	�	�	PROPN
cjfa-33342	255	41	�	�	PROPN
cjfa-33342	255	42	�	�	PROPN
cjfa-33342	255	43	(	(	PUNCT
cjfa-33342	255	44	�	�	PROPN
cjfa-33342	255	45	�	�	PROPN
cjfa-33342	255	46	�	�	PROPN
cjfa-33342	255	47	)	)	PUNCT
cjfa-33342	255	48	are	be	AUX
cjfa-33342	255	49	the	the	DET
cjfa-33342	255	50	rational	rational	ADJ
cjfa-33342	255	51	expected	expect	VERB
cjfa-33342	255	52	rates	rate	NOUN
cjfa-33342	255	53	,	,	PUNCT
cjfa-33342	255	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	255	55	�	�	PROPN
cjfa-33342	255	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	255	57	,	,	PUNCT
cjfa-33342	255	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	255	59	+	+	CCONJ
cjfa-33342	255	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	255	61	)	)	PUNCT
cjfa-33342	255	62	is	be	AUX
cjfa-33342	255	63	the	the	DET
cjfa-33342	255	64	implicit	implicit	ADJ
cjfa-33342	255	65	forward	forward	ADJ
cjfa-33342	255	66	rate	rate	NOUN
cjfa-33342	255	67	in	in	ADP
cjfa-33342	255	68	the	the	DET
cjfa-33342	255	69	current	current	ADJ
cjfa-33342	255	70	term	term	NOUN
cjfa-33342	255	71	structure	structure	NOUN
cjfa-33342	255	72	,	,	PUNCT
cjfa-33342	255	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	255	74	�	�	PROPN
cjfa-33342	255	75	(	(	PUNCT
cjfa-33342	255	76	�	�	PROPN
cjfa-33342	255	77	)	)	PUNCT
cjfa-33342	255	78	and	and	CCONJ
cjfa-33342	255	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	255	80	�	�	PROPN
cjfa-33342	255	81	(	(	PUNCT
cjfa-33342	255	82	�	�	PROPN
cjfa-33342	255	83	)	)	PUNCT
cjfa-33342	255	84	are	be	AUX
cjfa-33342	255	85	respectively	respectively	ADV
cjfa-33342	255	86	the	the	DET
cjfa-33342	255	87	current	current	ADJ
cjfa-33342	255	88	long	long	ADJ
cjfa-33342	255	89	term	term	NOUN
cjfa-33342	255	90	(	(	PUNCT
cjfa-33342	255	91	n	n	DET
cjfa-33342	255	92	period	period	NOUN
cjfa-33342	255	93	)	)	PUNCT
cjfa-33342	255	94	and	and	CCONJ
cjfa-33342	255	95	short	short	ADJ
cjfa-33342	255	96	term	term	NOUN
cjfa-33342	255	97	(	(	PUNCT
cjfa-33342	255	98	m	m	NOUN
cjfa-33342	255	99	period	period	NOUN
cjfa-33342	255	100	)	)	PUNCT
cjfa-33342	255	101	rate	rate	NOUN
cjfa-33342	255	102	,	,	PUNCT
cjfa-33342	255	103	with	with	ADP
cjfa-33342	255	104	k	k	NOUN
cjfa-33342	255	105	=	=	SYM
cjfa-33342	255	106	n	n	CCONJ
cjfa-33342	255	107	/	/	SYM
cjfa-33342	255	108	m	m	PROPN
cjfa-33342	255	109	,	,	PUNCT
cjfa-33342	255	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	255	111	is	be	AUX
cjfa-33342	255	112	a	a	PRON
cjfa-33342	255	113	with	with	ADP
cjfa-33342	255	114	noise	noise	NOUN
cjfa-33342	255	115	.	.	PUNCT
cjfa-33342	256	1	in	in	ADP
cjfa-33342	256	2	this	this	DET
cjfa-33342	256	3	study	study	NOUN
cjfa-33342	256	4	,	,	PUNCT
cjfa-33342	256	5	we	we	PRON
cjfa-33342	256	6	only	only	ADV
cjfa-33342	256	7	used	use	VERB
cjfa-33342	256	8	the	the	DET
cjfa-33342	256	9	models	model	NOUN
cjfa-33342	256	10	(	(	PUNCT
cjfa-33342	256	11	5	5	NUM
cjfa-33342	256	12	)	)	PUNCT
cjfa-33342	256	13	and	and	CCONJ
cjfa-33342	256	14	(	(	PUNCT
cjfa-33342	256	15	6	6	NUM
cjfa-33342	256	16	)	)	PUNCT
cjfa-33342	256	17	,	,	PUNCT
cjfa-33342	256	18	for	for	ADP
cjfa-33342	256	19	the	the	DET
cjfa-33342	256	20	model	model	NOUN
cjfa-33342	256	21	(	(	PUNCT
cjfa-33342	256	22	7	7	NUM
cjfa-33342	256	23	)	)	PUNCT
cjfa-33342	256	24	assumes	assume	VERB
cjfa-33342	256	25	that	that	SCONJ
cjfa-33342	256	26	k>2	k>2	PROPN
cjfa-33342	256	27	.	.	PUNCT
cjfa-33342	257	1	since	since	SCONJ
cjfa-33342	257	2	we	we	PRON
cjfa-33342	257	3	are	be	AUX
cjfa-33342	257	4	not	not	PART
cjfa-33342	257	5	testing	test	VERB
cjfa-33342	257	6	the	the	DET
cjfa-33342	257	7	rational	rational	ADJ
cjfa-33342	257	8	expectations	expectation	NOUN
cjfa-33342	257	9	hypothesis	hypothesis	NOUN
cjfa-33342	257	10	,	,	PUNCT
cjfa-33342	257	11	those	those	DET
cjfa-33342	257	12	models	model	NOUN
cjfa-33342	257	13	were	be	AUX
cjfa-33342	257	14	reformulated	reformulate	VERB
cjfa-33342	257	15	to	to	PART
cjfa-33342	257	16	test	test	VERB
cjfa-33342	257	17	the	the	DET
cjfa-33342	257	18	predictive	predictive	ADJ
cjfa-33342	257	19	power	power	NOUN
cjfa-33342	257	20	of	of	ADP
cjfa-33342	257	21	the	the	DET
cjfa-33342	257	22	implicit	implicit	ADJ
cjfa-33342	257	23	forward	forward	ADJ
cjfa-33342	257	24	rate	rate	NOUN
cjfa-33342	257	25	as	as	SCONJ
cjfa-33342	257	26	follows	follow	VERB
cjfa-33342	257	27	:	:	PUNCT
cjfa-33342	258	1	1	1	NUM
cjfa-33342	258	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	258	3	�	�	PROPN
cjfa-33342	258	4	(	(	PUNCT
cjfa-33342	258	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	258	6	�	�	PROPN
cjfa-33342	258	7	�	�	PROPN
cjfa-33342	258	8	�	�	PROPN
cjfa-33342	258	9	�	�	PROPN
cjfa-33342	258	10	(	(	PUNCT
cjfa-33342	258	11	�	�	PROPN
cjfa-33342	258	12	)	)	PUNCT
cjfa-33342	258	13	−	−	PROPN
cjfa-33342	258	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	258	15	�	�	PROPN
cjfa-33342	258	16	(	(	PUNCT
cjfa-33342	258	17	�	�	PROPN
cjfa-33342	258	18	)	)	PUNCT
cjfa-33342	258	19	)	)	PUNCT
cjfa-33342	258	20	�	�	PROPN
cjfa-33342	258	21	�	�	PROPN
cjfa-33342	258	22	�	�	PROPN
cjfa-33342	258	23	�	�	PROPN
cjfa-33342	258	24	�	�	PROPN
cjfa-33342	258	25	�	�	PROPN
cjfa-33342	258	26	=	=	PUNCT
cjfa-33342	258	27	∝	∝	PROPN
cjfa-33342	258	28	+	+	CCONJ
cjfa-33342	258	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	258	30	�	�	PROPN
cjfa-33342	258	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	258	32	�	�	PROPN
cjfa-33342	258	33	(	(	PUNCT
cjfa-33342	258	34	�	�	PROPN
cjfa-33342	258	35	)	)	PUNCT
cjfa-33342	258	36	−	−	PROPN
cjfa-33342	258	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	258	38	�	�	PROPN
cjfa-33342	258	39	(	(	PUNCT
cjfa-33342	258	40	�	�	PROPN
cjfa-33342	258	41	)	)	PUNCT
cjfa-33342	258	42	�	�	PROPN
cjfa-33342	258	43	+	+	CCONJ
cjfa-33342	258	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	258	45	�	�	PROPN
cjfa-33342	258	46	�	�	PROPN
cjfa-33342	258	47	�	�	PROPN
cjfa-33342	258	48	,	,	PUNCT
cjfa-33342	258	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	258	50	𝑤	𝑤	PART
cjfa-33342	258	51	𝑤	𝑤	NOUN
cjfa-33342	258	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	258	53	𝑤	𝑤	ADP
cjfa-33342	258	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	258	55	(	(	PUNCT
cjfa-33342	258	56	𝑤	𝑤	NOUN
cjfa-33342	258	57	)	)	PUNCT
cjfa-33342	258	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	258	59	�	�	PROPN
cjfa-33342	258	60	�	�	PROPN
cjfa-33342	258	61	�	�	PROPN
cjfa-33342	258	62	(	(	PUNCT
cjfa-33342	258	63	�	�	PROPN
cjfa-33342	258	64	)	)	PUNCT
cjfa-33342	258	65	−	−	PROPN
cjfa-33342	258	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	258	67	�	�	PROPN
cjfa-33342	258	68	(	(	PUNCT
cjfa-33342	258	69	�	�	PROPN
cjfa-33342	258	70	)	)	PUNCT
cjfa-33342	258	71	=	=	SYM
cjfa-33342	259	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	259	2	+	+	ADJ
cjfa-33342	259	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	259	4	�	�	PROPN
cjfa-33342	259	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	259	6	�	�	PROPN
cjfa-33342	259	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	259	8	,	,	PUNCT
cjfa-33342	259	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	259	10	+	+	CCONJ
cjfa-33342	259	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	259	12	)	)	PUNCT
cjfa-33342	259	13	−	−	PROPN
cjfa-33342	259	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	259	15	�	�	PROPN
cjfa-33342	259	16	(	(	PUNCT
cjfa-33342	259	17	�	�	PROPN
cjfa-33342	259	18	)	)	PUNCT
cjfa-33342	259	19	�	�	PROPN
cjfa-33342	259	20	+	+	CCONJ
cjfa-33342	259	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	259	22	�	�	PROPN
cjfa-33342	259	23	�	�	PROPN
cjfa-33342	259	24	�	�	PROPN
cjfa-33342	259	25	�	�	PROPN
cjfa-33342	259	26	�	�	PROPN
cjfa-33342	259	27	(	(	PUNCT
cjfa-33342	259	28	9	9	NUM
cjfa-33342	259	29	)	)	PUNCT
cjfa-33342	259	30	where	where	SCONJ
cjfa-33342	259	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	259	32	�	�	PROPN
cjfa-33342	259	33	�	�	PROPN
cjfa-33342	259	34	�	�	PROPN
cjfa-33342	259	35	�	�	PROPN
cjfa-33342	259	36	(	(	PUNCT
cjfa-33342	259	37	�	�	PROPN
cjfa-33342	259	38	)	)	PUNCT
cjfa-33342	259	39	and	and	CCONJ
cjfa-33342	259	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	259	41	�	�	PROPN
cjfa-33342	259	42	�	�	PROPN
cjfa-33342	259	43	�	�	PROPN
cjfa-33342	259	44	(	(	PUNCT
cjfa-33342	259	45	�	�	PROPN
cjfa-33342	259	46	)	)	PUNCT
cjfa-33342	259	47	are	be	AUX
cjfa-33342	259	48	the	the	DET
cjfa-33342	259	49	forward	forward	ADJ
cjfa-33342	259	50	rates	rate	NOUN
cjfa-33342	259	51	respectively	respectively	ADV
cjfa-33342	259	52	at	at	ADP
cjfa-33342	259	53	time	time	NOUN
cjfa-33342	259	54	t+sm	t+sm	NOUN
cjfa-33342	259	55	and	and	CCONJ
cjfa-33342	259	56	t+k	t+k	NUM
cjfa-33342	259	57	.	.	PUNCT
cjfa-33342	260	1	considering	consider	VERB
cjfa-33342	260	2	the	the	DET
cjfa-33342	260	3	fact	fact	NOUN
cjfa-33342	260	4	that	that	SCONJ
cjfa-33342	260	5	n=2	n=2	PRON
cjfa-33342	260	6	and	and	CCONJ
cjfa-33342	260	7	m=1	m=1	X
cjfa-33342	260	8	in	in	ADP
cjfa-33342	260	9	this	this	DET
cjfa-33342	260	10	study	study	NOUN
cjfa-33342	260	11	,	,	PUNCT
cjfa-33342	260	12	the	the	DET
cjfa-33342	260	13	models	model	NOUN
cjfa-33342	260	14	can	can	AUX
cjfa-33342	260	15	be	be	AUX
cjfa-33342	260	16	rewrite	rewrite	VERB
cjfa-33342	260	17	as	as	SCONJ
cjfa-33342	260	18	follows	follow	VERB
cjfa-33342	260	19	:	:	PUNCT
cjfa-33342	260	20	1	1	NUM
cjfa-33342	260	21	2	2	NUM
cjfa-33342	260	22	(	(	PUNCT
cjfa-33342	260	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	260	24	�	�	PROPN
cjfa-33342	260	25	�	�	PROPN
cjfa-33342	260	26	�	�	PROPN
cjfa-33342	260	27	(	(	PUNCT
cjfa-33342	260	28	�	�	PROPN
cjfa-33342	260	29	)	)	PUNCT
cjfa-33342	260	30	−	−	PROPN
cjfa-33342	260	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	260	32	�	�	PROPN
cjfa-33342	260	33	(	(	PUNCT
cjfa-33342	260	34	�	�	PROPN
cjfa-33342	260	35	)	)	PUNCT
cjfa-33342	260	36	)	)	PUNCT
cjfa-33342	261	1	=	=	PUNCT
cjfa-33342	261	2	∝	∝	NOUN
cjfa-33342	261	3	+	+	CCONJ
cjfa-33342	261	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	261	5	�	�	PROPN
cjfa-33342	261	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	261	7	�	�	PROPN
cjfa-33342	261	8	(	(	PUNCT
cjfa-33342	261	9	�	�	PROPN
cjfa-33342	261	10	)	)	PUNCT
cjfa-33342	261	11	−	−	PROPN
cjfa-33342	262	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	262	2	�	�	PROPN
cjfa-33342	262	3	(	(	PUNCT
cjfa-33342	262	4	�	�	PROPN
cjfa-33342	262	5	)	)	PUNCT
cjfa-33342	262	6	�	�	PROPN
cjfa-33342	262	7	+	+	CCONJ
cjfa-33342	262	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	262	9	�	�	PROPN
cjfa-33342	262	10	�	�	PROPN
cjfa-33342	262	11	�	�	PROPN
cjfa-33342	262	12	,	,	PUNCT
cjfa-33342	262	13	(	(	PUNCT
cjfa-33342	262	14	1𝑤	1𝑤	NUM
cjfa-33342	262	15	)	)	PUNCT
cjfa-33342	262	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	262	17	�	�	PROPN
cjfa-33342	262	18	�	�	PROPN
cjfa-33342	262	19	�	�	PROPN
cjfa-33342	262	20	(	(	PUNCT
cjfa-33342	262	21	�	�	PROPN
cjfa-33342	262	22	)	)	PUNCT
cjfa-33342	262	23	−	−	PROPN
cjfa-33342	263	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	263	2	�	�	PROPN
cjfa-33342	263	3	(	(	PUNCT
cjfa-33342	263	4	�	�	PROPN
cjfa-33342	263	5	)	)	PUNCT
cjfa-33342	263	6	=	=	SYM
cjfa-33342	264	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	264	2	+	+	ADJ
cjfa-33342	264	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	264	4	�	�	NOUN
cjfa-33342	264	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	264	6	�	�	PROPN
cjfa-33342	264	7	(1	(1	NOUN
cjfa-33342	264	8	,	,	PUNCT
cjfa-33342	264	9	2	2	NUM
cjfa-33342	264	10	)	)	PUNCT
cjfa-33342	264	11	−	−	PROPN
cjfa-33342	264	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	264	13	�	�	PROPN
cjfa-33342	264	14	(	(	PUNCT
cjfa-33342	264	15	�	�	PROPN
cjfa-33342	264	16	)	)	PUNCT
cjfa-33342	264	17	�	�	PROPN
cjfa-33342	264	18	+	+	CCONJ
cjfa-33342	264	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	264	20	�	�	PROPN
cjfa-33342	264	21	�	�	PROPN
cjfa-33342	264	22	�	�	PROPN
cjfa-33342	264	23	�	�	PROPN
cjfa-33342	264	24	�	�	PROPN
cjfa-33342	264	25	(	(	PUNCT
cjfa-33342	264	26	11	11	NUM
cjfa-33342	264	27	)	)	PUNCT
cjfa-33342	264	28	in	in	ADP
cjfa-33342	264	29	each	each	DET
cjfa-33342	264	30	equation	equation	NOUN
cjfa-33342	264	31	,	,	PUNCT
cjfa-33342	264	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	264	33	capture	capture	VERB
cjfa-33342	264	34	the	the	DET
cjfa-33342	264	35	predictive	predictive	ADJ
cjfa-33342	264	36	power	power	NOUN
cjfa-33342	264	37	of	of	ADP
cjfa-33342	264	38	the	the	DET
cjfa-33342	264	39	implicit	implicit	ADJ
cjfa-33342	264	40	forward	forward	ADJ
cjfa-33342	264	41	rate	rate	NOUN
cjfa-33342	264	42	in	in	ADP
cjfa-33342	264	43	the	the	DET
cjfa-33342	264	44	current	current	ADJ
cjfa-33342	264	45	term	term	NOUN
cjfa-33342	264	46	structure	structure	NOUN
cjfa-33342	264	47	.	.	PUNCT
cjfa-33342	265	1	indeed	indeed	ADV
cjfa-33342	265	2	,	,	PUNCT
cjfa-33342	265	3	in	in	ADP
cjfa-33342	265	4	(	(	PUNCT
cjfa-33342	265	5	3.6	3.6	NUM
cjfa-33342	265	6	)	)	PUNCT
cjfa-33342	265	7	,	,	PUNCT
cjfa-33342	265	8	the	the	DET
cjfa-33342	265	9	spread	spread	ADJ
cjfa-33342	265	10	�	�	PROPN
cjfa-33342	265	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	265	12	�	�	PROPN
cjfa-33342	265	13	(	(	PUNCT
cjfa-33342	265	14	�	�	PROPN
cjfa-33342	265	15	)	)	PUNCT
cjfa-33342	265	16	−	−	PROPN
cjfa-33342	265	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	265	18	�	�	PROPN
cjfa-33342	265	19	(	(	PUNCT
cjfa-33342	265	20	�	�	PROPN
cjfa-33342	265	21	)	)	PUNCT
cjfa-33342	265	22	�	�	PROPN
cjfa-33342	265	23	is	be	AUX
cjfa-33342	265	24	supposed	suppose	VERB
cjfa-33342	265	25	to	to	PART
cjfa-33342	265	26	be	be	AUX
cjfa-33342	265	27	mathematically	mathematically	ADV
cjfa-33342	265	28	equal	equal	ADJ
cjfa-33342	265	29	to	to	ADP
cjfa-33342	265	30	the	the	DET
cjfa-33342	265	31	half	half	ADJ
cjfa-33342	265	32	rate	rate	NOUN
cjfa-33342	265	33	variation	variation	NOUN
cjfa-33342	265	34	predicted	predict	VERB
cjfa-33342	265	35	by	by	ADP
cjfa-33342	265	36	the	the	DET
cjfa-33342	265	37	implicit	implicit	ADJ
cjfa-33342	265	38	forward	forward	ADJ
cjfa-33342	265	39	rate	rate	NOUN
cjfa-33342	265	40	.	.	PUNCT
cjfa-33342	266	1	it	it	PRON
cjfa-33342	266	2	is	be	AUX
cjfa-33342	266	3	therefore	therefore	ADV
cjfa-33342	266	4	regress	regress	ADJ
cjfa-33342	266	5	on	on	ADP
cjfa-33342	266	6	the	the	DET
cjfa-33342	266	7	realized	realize	VERB
cjfa-33342	266	8	variation	variation	NOUN
cjfa-33342	266	9	in	in	ADP
cjfa-33342	266	10	order	order	NOUN
cjfa-33342	266	11	to	to	PART
cjfa-33342	266	12	know	know	VERB
cjfa-33342	266	13	the	the	DET
cjfa-33342	266	14	predictive	predictive	ADJ
cjfa-33342	266	15	power	power	NOUN
cjfa-33342	266	16	of	of	ADP
cjfa-33342	266	17	the	the	DET
cjfa-33342	266	18	implicit	implicit	ADJ
cjfa-33342	266	19	forward	forward	ADJ
cjfa-33342	266	20	rate	rate	NOUN
cjfa-33342	266	21	.	.	PUNCT
cjfa-33342	267	1	the	the	DET
cjfa-33342	267	2	regression	regression	NOUN
cjfa-33342	267	3	coefficient	coefficient	NOUN
cjfa-33342	267	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	267	5	will	will	AUX
cjfa-33342	267	6	be	be	AUX
cjfa-33342	267	7	equal	equal	ADJ
cjfa-33342	267	8	to	to	ADP
cjfa-33342	267	9	1	1	NUM
cjfa-33342	267	10	if	if	SCONJ
cjfa-33342	267	11	the	the	DET
cjfa-33342	267	12	implicit	implicit	ADJ
cjfa-33342	267	13	forward	forward	ADJ
cjfa-33342	267	14	rate	rate	NOUN
cjfa-33342	267	15	is	be	AUX
cjfa-33342	267	16	a	a	DET
cjfa-33342	267	17	perfect	perfect	ADJ
cjfa-33342	267	18	foresight	foresight	NOUN
cjfa-33342	267	19	indicator	indicator	NOUN
cjfa-33342	267	20	of	of	ADP
cjfa-33342	267	21	short	short	ADJ
cjfa-33342	267	22	terms	term	NOUN
cjfa-33342	267	23	interest	interest	NOUN
cjfa-33342	267	24	rates	rate	NOUN
cjfa-33342	267	25	movements	movement	NOUN
cjfa-33342	267	26	.	.	PUNCT
cjfa-33342	268	1	since	since	SCONJ
cjfa-33342	268	2	(	(	PUNCT
cjfa-33342	268	3	10	10	NUM
cjfa-33342	268	4	)	)	PUNCT
cjfa-33342	268	5	and	and	CCONJ
cjfa-33342	268	6	(	(	PUNCT
cjfa-33342	268	7	11	11	NUM
cjfa-33342	268	8	)	)	PUNCT
cjfa-33342	268	9	are	be	AUX
cjfa-33342	268	10	simple	simple	ADJ
cjfa-33342	268	11	linear	linear	ADJ
cjfa-33342	268	12	regression	regression	NOUN
cjfa-33342	268	13	models	model	NOUN
cjfa-33342	268	14	,	,	PUNCT
cjfa-33342	268	15	all	all	DET
cjfa-33342	268	16	the	the	DET
cjfa-33342	268	17	preliminary	preliminary	ADJ
cjfa-33342	268	18	tests	test	NOUN
cjfa-33342	268	19	of	of	ADP
cjfa-33342	268	20	stationarity	stationarity	NOUN
cjfa-33342	268	21	,	,	PUNCT
cjfa-33342	268	22	co	co	NOUN
cjfa-33342	268	23	-	-	NOUN
cjfa-33342	268	24	integration	integration	NOUN
cjfa-33342	268	25	,	,	PUNCT
cjfa-33342	268	26	normality	normality	NOUN
cjfa-33342	268	27	,	,	PUNCT
cjfa-33342	268	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	268	29	of	of	ADP
cjfa-33342	268	30	errors	error	NOUN
cjfa-33342	268	31	and	and	CCONJ
cjfa-33342	268	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	268	33	were	be	AUX
cjfa-33342	268	34	,	,	PUNCT
cjfa-33342	268	35	and	and	CCONJ
cjfa-33342	268	36	1	1	NUM
cjfa-33342	268	37	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	268	38	�	�	PROPN
cjfa-33342	268	39	(	(	PUNCT
cjfa-33342	268	40	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	268	41	�	�	PROPN
cjfa-33342	268	42	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	268	43	�	�	PROPN
cjfa-33342	268	44	�	�	PROPN
cjfa-33342	268	45	�	�	PROPN
cjfa-33342	268	46	�	�	PROPN
cjfa-33342	268	47	(	(	PUNCT
cjfa-33342	268	48	�	�	PROPN
cjfa-33342	268	49	)	)	PUNCT
cjfa-33342	268	50	−	−	PROPN
cjfa-33342	269	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	269	2	�	�	PROPN
cjfa-33342	269	3	(	(	PUNCT
cjfa-33342	269	4	�	�	PROPN
cjfa-33342	269	5	)	)	PUNCT
cjfa-33342	269	6	)	)	PUNCT
cjfa-33342	269	7	�	�	PROPN
cjfa-33342	269	8	�	�	PROPN
cjfa-33342	269	9	�	�	PROPN
cjfa-33342	269	10	�	�	PROPN
cjfa-33342	269	11	�	�	PROPN
cjfa-33342	269	12	�	�	PROPN
cjfa-33342	269	13	=	=	PUNCT
cjfa-33342	269	14	∝	∝	PROPN
cjfa-33342	269	15	+	+	CCONJ
cjfa-33342	269	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	269	17	�	�	PROPN
cjfa-33342	269	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	269	19	�	�	PROPN
cjfa-33342	269	20	(	(	PUNCT
cjfa-33342	269	21	�	�	PROPN
cjfa-33342	269	22	)	)	PUNCT
cjfa-33342	269	23	−	−	PROPN
cjfa-33342	269	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	269	25	�	�	PROPN
cjfa-33342	269	26	(	(	PUNCT
cjfa-33342	269	27	�	�	PROPN
cjfa-33342	269	28	)	)	PUNCT
cjfa-33342	269	29	�	�	PROPN
cjfa-33342	269	30	+	+	CCONJ
cjfa-33342	269	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	269	32	�	�	PROPN
cjfa-33342	269	33	�	�	PROPN
cjfa-33342	269	34	�	�	PROPN
cjfa-33342	269	35	,	,	PUNCT
cjfa-33342	269	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	269	37	𝑤	𝑤	PART
cjfa-33342	269	38	𝑤	𝑤	NOUN
cjfa-33342	269	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	269	40	𝑤	𝑤	ADP
cjfa-33342	269	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	269	42	(	(	PUNCT
cjfa-33342	269	43	𝑤	𝑤	NOUN
cjfa-33342	269	44	)	)	PUNCT
cjfa-33342	269	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	269	46	�	�	PROPN
cjfa-33342	269	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	269	48	�	�	PROPN
cjfa-33342	269	49	�	�	PROPN
cjfa-33342	269	50	�	�	PROPN
cjfa-33342	269	51	(	(	PUNCT
cjfa-33342	269	52	�	�	PROPN
cjfa-33342	269	53	)	)	PUNCT
cjfa-33342	269	54	−	−	PROPN
cjfa-33342	270	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	270	2	�	�	PROPN
cjfa-33342	270	3	(	(	PUNCT
cjfa-33342	270	4	�	�	PROPN
cjfa-33342	270	5	)	)	PUNCT
cjfa-33342	270	6	=	=	SYM
cjfa-33342	271	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	271	2	+	+	ADJ
cjfa-33342	271	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	271	4	�	�	PROPN
cjfa-33342	271	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	271	6	�	�	PROPN
cjfa-33342	271	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	271	8	,	,	PUNCT
cjfa-33342	271	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	271	10	+	+	CCONJ
cjfa-33342	271	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	271	12	)	)	PUNCT
cjfa-33342	271	13	−	−	PROPN
cjfa-33342	271	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	271	15	�	�	PROPN
cjfa-33342	271	16	(	(	PUNCT
cjfa-33342	271	17	�	�	PROPN
cjfa-33342	271	18	)	)	PUNCT
cjfa-33342	271	19	�	�	PROPN
cjfa-33342	271	20	+	+	CCONJ
cjfa-33342	271	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	271	22	�	�	PROPN
cjfa-33342	271	23	�	�	PROPN
cjfa-33342	271	24	�	�	PROPN
cjfa-33342	271	25	�	�	PROPN
cjfa-33342	271	26	�	�	PROPN
cjfa-33342	271	27	(	(	PUNCT
cjfa-33342	271	28	6	6	NUM
cjfa-33342	271	29	)	)	PUNCT
cjfa-33342	271	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	271	31	�	�	PROPN
cjfa-33342	271	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	271	33	�	�	PROPN
cjfa-33342	271	34	�	�	PROPN
cjfa-33342	271	35	�	�	PROPN
cjfa-33342	271	36	(	(	PUNCT
cjfa-33342	271	37	�	�	PROPN
cjfa-33342	271	38	�	�	PROPN
cjfa-33342	271	39	�	�	PROPN
cjfa-33342	271	40	)	)	PUNCT
cjfa-33342	272	1	−	−	PROPN
cjfa-33342	272	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	272	3	�	�	PROPN
cjfa-33342	272	4	(	(	PUNCT
cjfa-33342	272	5	�	�	PROPN
cjfa-33342	272	6	)	)	PUNCT
cjfa-33342	272	7	=	=	SYM
cjfa-33342	273	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	273	2	+	+	NOUN
cjfa-33342	273	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	273	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	273	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	273	6	−	−	NOUN
cjfa-33342	273	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	273	8	�	�	PROPN
cjfa-33342	273	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	273	10	�	�	PROPN
cjfa-33342	273	11	(	(	PUNCT
cjfa-33342	273	12	�	�	PROPN
cjfa-33342	273	13	)	)	PUNCT
cjfa-33342	273	14	−	−	PROPN
cjfa-33342	274	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	274	2	�	�	PROPN
cjfa-33342	274	3	(	(	PUNCT
cjfa-33342	274	4	�	�	PROPN
cjfa-33342	274	5	)	)	PUNCT
cjfa-33342	274	6	�	�	PROPN
cjfa-33342	274	7	+	+	CCONJ
cjfa-33342	274	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	274	9	�	�	PROPN
cjfa-33342	274	10	�	�	PROPN
cjfa-33342	274	11	�	�	PROPN
cjfa-33342	274	12	(	(	PUNCT
cjfa-33342	274	13	7	7	NUM
cjfa-33342	274	14	)	)	PUNCT
cjfa-33342	274	15	where	where	SCONJ
cjfa-33342	274	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	274	17	�	�	PROPN
cjfa-33342	274	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	274	19	�	�	PROPN
cjfa-33342	274	20	�	�	PROPN
cjfa-33342	274	21	�	�	PROPN
cjfa-33342	274	22	�	�	PROPN
cjfa-33342	274	23	(	(	PUNCT
cjfa-33342	274	24	�	�	PROPN
cjfa-33342	274	25	)	)	PUNCT
cjfa-33342	274	26	,	,	PUNCT
cjfa-33342	274	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	274	28	�	�	PROPN
cjfa-33342	274	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	274	30	�	�	PROPN
cjfa-33342	274	31	�	�	PROPN
cjfa-33342	274	32	�	�	PROPN
cjfa-33342	274	33	(	(	PUNCT
cjfa-33342	274	34	�	�	PROPN
cjfa-33342	274	35	)	)	PUNCT
cjfa-33342	274	36	and	and	CCONJ
cjfa-33342	274	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	274	38	�	�	PROPN
cjfa-33342	274	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	274	40	�	�	PROPN
cjfa-33342	274	41	�	�	PROPN
cjfa-33342	274	42	�	�	PROPN
cjfa-33342	274	43	(	(	PUNCT
cjfa-33342	274	44	�	�	PROPN
cjfa-33342	274	45	�	�	PROPN
cjfa-33342	274	46	�	�	PROPN
cjfa-33342	274	47	)	)	PUNCT
cjfa-33342	274	48	are	be	AUX
cjfa-33342	274	49	the	the	DET
cjfa-33342	274	50	rational	rational	ADJ
cjfa-33342	274	51	expected	expect	VERB
cjfa-33342	274	52	rates	rate	NOUN
cjfa-33342	274	53	,	,	PUNCT
cjfa-33342	274	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	274	55	�	�	PROPN
cjfa-33342	274	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	274	57	,	,	PUNCT
cjfa-33342	274	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	274	59	+	+	CCONJ
cjfa-33342	274	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	274	61	)	)	PUNCT
cjfa-33342	274	62	is	be	AUX
cjfa-33342	274	63	the	the	DET
cjfa-33342	274	64	implicit	implicit	ADJ
cjfa-33342	274	65	forward	forward	ADJ
cjfa-33342	274	66	rate	rate	NOUN
cjfa-33342	274	67	in	in	ADP
cjfa-33342	274	68	the	the	DET
cjfa-33342	274	69	current	current	ADJ
cjfa-33342	274	70	term	term	NOUN
cjfa-33342	274	71	structure	structure	NOUN
cjfa-33342	274	72	,	,	PUNCT
cjfa-33342	274	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	274	74	�	�	PROPN
cjfa-33342	274	75	(	(	PUNCT
cjfa-33342	274	76	�	�	PROPN
cjfa-33342	274	77	)	)	PUNCT
cjfa-33342	274	78	and	and	CCONJ
cjfa-33342	274	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	274	80	�	�	PROPN
cjfa-33342	274	81	(	(	PUNCT
cjfa-33342	274	82	�	�	PROPN
cjfa-33342	274	83	)	)	PUNCT
cjfa-33342	274	84	are	be	AUX
cjfa-33342	274	85	respectively	respectively	ADV
cjfa-33342	274	86	the	the	DET
cjfa-33342	274	87	current	current	ADJ
cjfa-33342	274	88	long	long	ADJ
cjfa-33342	274	89	term	term	NOUN
cjfa-33342	274	90	(	(	PUNCT
cjfa-33342	274	91	n	n	DET
cjfa-33342	274	92	period	period	NOUN
cjfa-33342	274	93	)	)	PUNCT
cjfa-33342	274	94	and	and	CCONJ
cjfa-33342	274	95	short	short	ADJ
cjfa-33342	274	96	term	term	NOUN
cjfa-33342	274	97	(	(	PUNCT
cjfa-33342	274	98	m	m	NOUN
cjfa-33342	274	99	period	period	NOUN
cjfa-33342	274	100	)	)	PUNCT
cjfa-33342	274	101	rate	rate	NOUN
cjfa-33342	274	102	,	,	PUNCT
cjfa-33342	274	103	with	with	ADP
cjfa-33342	274	104	k	k	NOUN
cjfa-33342	274	105	=	=	SYM
cjfa-33342	274	106	n	n	CCONJ
cjfa-33342	274	107	/	/	SYM
cjfa-33342	274	108	m	m	PROPN
cjfa-33342	274	109	,	,	PUNCT
cjfa-33342	274	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	274	111	is	be	AUX
cjfa-33342	274	112	a	a	PRON
cjfa-33342	274	113	with	with	ADP
cjfa-33342	274	114	noise	noise	NOUN
cjfa-33342	274	115	.	.	PUNCT
cjfa-33342	275	1	in	in	ADP
cjfa-33342	275	2	this	this	DET
cjfa-33342	275	3	study	study	NOUN
cjfa-33342	275	4	,	,	PUNCT
cjfa-33342	275	5	we	we	PRON
cjfa-33342	275	6	only	only	ADV
cjfa-33342	275	7	used	use	VERB
cjfa-33342	275	8	the	the	DET
cjfa-33342	275	9	models	model	NOUN
cjfa-33342	275	10	(	(	PUNCT
cjfa-33342	275	11	5	5	NUM
cjfa-33342	275	12	)	)	PUNCT
cjfa-33342	275	13	and	and	CCONJ
cjfa-33342	275	14	(	(	PUNCT
cjfa-33342	275	15	6	6	NUM
cjfa-33342	275	16	)	)	PUNCT
cjfa-33342	275	17	,	,	PUNCT
cjfa-33342	275	18	for	for	ADP
cjfa-33342	275	19	the	the	DET
cjfa-33342	275	20	model	model	NOUN
cjfa-33342	275	21	(	(	PUNCT
cjfa-33342	275	22	7	7	NUM
cjfa-33342	275	23	)	)	PUNCT
cjfa-33342	275	24	assumes	assume	VERB
cjfa-33342	275	25	that	that	SCONJ
cjfa-33342	275	26	k>2	k>2	PROPN
cjfa-33342	275	27	.	.	PUNCT
cjfa-33342	276	1	since	since	SCONJ
cjfa-33342	276	2	we	we	PRON
cjfa-33342	276	3	are	be	AUX
cjfa-33342	276	4	not	not	PART
cjfa-33342	276	5	testing	test	VERB
cjfa-33342	276	6	the	the	DET
cjfa-33342	276	7	rational	rational	ADJ
cjfa-33342	276	8	expectations	expectation	NOUN
cjfa-33342	276	9	hypothesis	hypothesis	NOUN
cjfa-33342	276	10	,	,	PUNCT
cjfa-33342	276	11	those	those	DET
cjfa-33342	276	12	models	model	NOUN
cjfa-33342	276	13	were	be	AUX
cjfa-33342	276	14	reformulated	reformulate	VERB
cjfa-33342	276	15	to	to	PART
cjfa-33342	276	16	test	test	VERB
cjfa-33342	276	17	the	the	DET
cjfa-33342	276	18	predictive	predictive	ADJ
cjfa-33342	276	19	power	power	NOUN
cjfa-33342	276	20	of	of	ADP
cjfa-33342	276	21	the	the	DET
cjfa-33342	276	22	implicit	implicit	ADJ
cjfa-33342	276	23	forward	forward	ADJ
cjfa-33342	276	24	rate	rate	NOUN
cjfa-33342	276	25	as	as	SCONJ
cjfa-33342	276	26	follows	follow	VERB
cjfa-33342	276	27	:	:	PUNCT
cjfa-33342	277	1	1	1	NUM
cjfa-33342	277	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	277	3	�	�	PROPN
cjfa-33342	277	4	(	(	PUNCT
cjfa-33342	277	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	277	6	�	�	PROPN
cjfa-33342	277	7	�	�	PROPN
cjfa-33342	277	8	�	�	PROPN
cjfa-33342	277	9	�	�	PROPN
cjfa-33342	277	10	(	(	PUNCT
cjfa-33342	277	11	�	�	PROPN
cjfa-33342	277	12	)	)	PUNCT
cjfa-33342	277	13	−	−	PROPN
cjfa-33342	277	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	277	15	�	�	PROPN
cjfa-33342	277	16	(	(	PUNCT
cjfa-33342	277	17	�	�	PROPN
cjfa-33342	277	18	)	)	PUNCT
cjfa-33342	277	19	)	)	PUNCT
cjfa-33342	277	20	�	�	PROPN
cjfa-33342	277	21	�	�	PROPN
cjfa-33342	277	22	�	�	PROPN
cjfa-33342	277	23	�	�	PROPN
cjfa-33342	277	24	�	�	PROPN
cjfa-33342	277	25	�	�	PROPN
cjfa-33342	277	26	=	=	PUNCT
cjfa-33342	277	27	∝	∝	PROPN
cjfa-33342	277	28	+	+	CCONJ
cjfa-33342	277	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	277	30	�	�	PROPN
cjfa-33342	277	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	277	32	�	�	PROPN
cjfa-33342	277	33	(	(	PUNCT
cjfa-33342	277	34	�	�	PROPN
cjfa-33342	277	35	)	)	PUNCT
cjfa-33342	277	36	−	−	PROPN
cjfa-33342	277	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	277	38	�	�	PROPN
cjfa-33342	277	39	(	(	PUNCT
cjfa-33342	277	40	�	�	PROPN
cjfa-33342	277	41	)	)	PUNCT
cjfa-33342	277	42	�	�	PROPN
cjfa-33342	277	43	+	+	CCONJ
cjfa-33342	277	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	277	45	�	�	PROPN
cjfa-33342	277	46	�	�	PROPN
cjfa-33342	277	47	�	�	PROPN
cjfa-33342	277	48	,	,	PUNCT
cjfa-33342	277	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	277	50	𝑤	𝑤	PART
cjfa-33342	277	51	𝑤	𝑤	NOUN
cjfa-33342	277	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	277	53	𝑤	𝑤	ADP
cjfa-33342	277	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	277	55	(	(	PUNCT
cjfa-33342	277	56	𝑤	𝑤	NOUN
cjfa-33342	277	57	)	)	PUNCT
cjfa-33342	277	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	277	59	�	�	PROPN
cjfa-33342	277	60	�	�	PROPN
cjfa-33342	277	61	�	�	PROPN
cjfa-33342	277	62	(	(	PUNCT
cjfa-33342	277	63	�	�	PROPN
cjfa-33342	277	64	)	)	PUNCT
cjfa-33342	277	65	−	−	PROPN
cjfa-33342	277	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	277	67	�	�	PROPN
cjfa-33342	277	68	(	(	PUNCT
cjfa-33342	277	69	�	�	PROPN
cjfa-33342	277	70	)	)	PUNCT
cjfa-33342	277	71	=	=	SYM
cjfa-33342	278	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	278	2	+	+	ADJ
cjfa-33342	278	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	278	4	�	�	PROPN
cjfa-33342	278	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	278	6	�	�	PROPN
cjfa-33342	278	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	278	8	,	,	PUNCT
cjfa-33342	278	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	278	10	+	+	CCONJ
cjfa-33342	278	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	278	12	)	)	PUNCT
cjfa-33342	278	13	−	−	PROPN
cjfa-33342	278	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	278	15	�	�	PROPN
cjfa-33342	278	16	(	(	PUNCT
cjfa-33342	278	17	�	�	PROPN
cjfa-33342	278	18	)	)	PUNCT
cjfa-33342	278	19	�	�	PROPN
cjfa-33342	278	20	+	+	CCONJ
cjfa-33342	278	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	278	22	�	�	PROPN
cjfa-33342	278	23	�	�	PROPN
cjfa-33342	278	24	�	�	PROPN
cjfa-33342	278	25	�	�	PROPN
cjfa-33342	278	26	�	�	PROPN
cjfa-33342	278	27	(	(	PUNCT
cjfa-33342	278	28	9	9	NUM
cjfa-33342	278	29	)	)	PUNCT
cjfa-33342	278	30	where	where	SCONJ
cjfa-33342	278	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	278	32	�	�	PROPN
cjfa-33342	278	33	�	�	PROPN
cjfa-33342	278	34	�	�	PROPN
cjfa-33342	278	35	�	�	PROPN
cjfa-33342	278	36	(	(	PUNCT
cjfa-33342	278	37	�	�	PROPN
cjfa-33342	278	38	)	)	PUNCT
cjfa-33342	278	39	and	and	CCONJ
cjfa-33342	278	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	278	41	�	�	PROPN
cjfa-33342	278	42	�	�	PROPN
cjfa-33342	278	43	�	�	PROPN
cjfa-33342	278	44	(	(	PUNCT
cjfa-33342	278	45	�	�	PROPN
cjfa-33342	278	46	)	)	PUNCT
cjfa-33342	278	47	are	be	AUX
cjfa-33342	278	48	the	the	DET
cjfa-33342	278	49	forward	forward	ADJ
cjfa-33342	278	50	rates	rate	NOUN
cjfa-33342	278	51	respectively	respectively	ADV
cjfa-33342	278	52	at	at	ADP
cjfa-33342	278	53	time	time	NOUN
cjfa-33342	278	54	t+sm	t+sm	NOUN
cjfa-33342	278	55	and	and	CCONJ
cjfa-33342	278	56	t+k	t+k	NUM
cjfa-33342	278	57	.	.	PUNCT
cjfa-33342	279	1	considering	consider	VERB
cjfa-33342	279	2	the	the	DET
cjfa-33342	279	3	fact	fact	NOUN
cjfa-33342	279	4	that	that	SCONJ
cjfa-33342	279	5	n=2	n=2	PRON
cjfa-33342	279	6	and	and	CCONJ
cjfa-33342	279	7	m=1	m=1	X
cjfa-33342	279	8	in	in	ADP
cjfa-33342	279	9	this	this	DET
cjfa-33342	279	10	study	study	NOUN
cjfa-33342	279	11	,	,	PUNCT
cjfa-33342	279	12	the	the	DET
cjfa-33342	279	13	models	model	NOUN
cjfa-33342	279	14	can	can	AUX
cjfa-33342	279	15	be	be	AUX
cjfa-33342	279	16	rewrite	rewrite	VERB
cjfa-33342	279	17	as	as	SCONJ
cjfa-33342	279	18	follows	follow	VERB
cjfa-33342	279	19	:	:	PUNCT
cjfa-33342	279	20	1	1	NUM
cjfa-33342	279	21	2	2	NUM
cjfa-33342	279	22	(	(	PUNCT
cjfa-33342	279	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	279	24	�	�	PROPN
cjfa-33342	279	25	�	�	PROPN
cjfa-33342	279	26	�	�	PROPN
cjfa-33342	279	27	(	(	PUNCT
cjfa-33342	279	28	�	�	PROPN
cjfa-33342	279	29	)	)	PUNCT
cjfa-33342	279	30	−	−	PROPN
cjfa-33342	279	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	279	32	�	�	PROPN
cjfa-33342	279	33	(	(	PUNCT
cjfa-33342	279	34	�	�	PROPN
cjfa-33342	279	35	)	)	PUNCT
cjfa-33342	279	36	)	)	PUNCT
cjfa-33342	280	1	=	=	PUNCT
cjfa-33342	280	2	∝	∝	NOUN
cjfa-33342	280	3	+	+	CCONJ
cjfa-33342	280	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	280	5	�	�	PROPN
cjfa-33342	280	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	280	7	�	�	PROPN
cjfa-33342	280	8	(	(	PUNCT
cjfa-33342	280	9	�	�	PROPN
cjfa-33342	280	10	)	)	PUNCT
cjfa-33342	280	11	−	−	PROPN
cjfa-33342	281	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	281	2	�	�	PROPN
cjfa-33342	281	3	(	(	PUNCT
cjfa-33342	281	4	�	�	PROPN
cjfa-33342	281	5	)	)	PUNCT
cjfa-33342	281	6	�	�	PROPN
cjfa-33342	281	7	+	+	CCONJ
cjfa-33342	281	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	281	9	�	�	PROPN
cjfa-33342	281	10	�	�	PROPN
cjfa-33342	281	11	�	�	PROPN
cjfa-33342	281	12	,	,	PUNCT
cjfa-33342	281	13	(	(	PUNCT
cjfa-33342	281	14	1𝑤	1𝑤	NUM
cjfa-33342	281	15	)	)	PUNCT
cjfa-33342	281	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	281	17	�	�	PROPN
cjfa-33342	281	18	�	�	PROPN
cjfa-33342	281	19	�	�	PROPN
cjfa-33342	281	20	(	(	PUNCT
cjfa-33342	281	21	�	�	PROPN
cjfa-33342	281	22	)	)	PUNCT
cjfa-33342	281	23	−	−	PROPN
cjfa-33342	282	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	282	2	�	�	PROPN
cjfa-33342	282	3	(	(	PUNCT
cjfa-33342	282	4	�	�	PROPN
cjfa-33342	282	5	)	)	PUNCT
cjfa-33342	282	6	=	=	SYM
cjfa-33342	283	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	283	2	+	+	ADJ
cjfa-33342	283	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	283	4	�	�	NOUN
cjfa-33342	283	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	283	6	�	�	PROPN
cjfa-33342	283	7	(1	(1	NOUN
cjfa-33342	283	8	,	,	PUNCT
cjfa-33342	283	9	2	2	NUM
cjfa-33342	283	10	)	)	PUNCT
cjfa-33342	283	11	−	−	PROPN
cjfa-33342	283	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	283	13	�	�	PROPN
cjfa-33342	283	14	(	(	PUNCT
cjfa-33342	283	15	�	�	PROPN
cjfa-33342	283	16	)	)	PUNCT
cjfa-33342	283	17	�	�	PROPN
cjfa-33342	283	18	+	+	CCONJ
cjfa-33342	283	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	283	20	�	�	PROPN
cjfa-33342	283	21	�	�	PROPN
cjfa-33342	283	22	�	�	PROPN
cjfa-33342	283	23	�	�	PROPN
cjfa-33342	283	24	�	�	PROPN
cjfa-33342	283	25	(	(	PUNCT
cjfa-33342	283	26	11	11	NUM
cjfa-33342	283	27	)	)	PUNCT
cjfa-33342	283	28	in	in	ADP
cjfa-33342	283	29	each	each	DET
cjfa-33342	283	30	equation	equation	NOUN
cjfa-33342	283	31	,	,	PUNCT
cjfa-33342	283	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	283	33	capture	capture	VERB
cjfa-33342	283	34	the	the	DET
cjfa-33342	283	35	predictive	predictive	ADJ
cjfa-33342	283	36	power	power	NOUN
cjfa-33342	283	37	of	of	ADP
cjfa-33342	283	38	the	the	DET
cjfa-33342	283	39	implicit	implicit	ADJ
cjfa-33342	283	40	forward	forward	ADJ
cjfa-33342	283	41	rate	rate	NOUN
cjfa-33342	283	42	in	in	ADP
cjfa-33342	283	43	the	the	DET
cjfa-33342	283	44	current	current	ADJ
cjfa-33342	283	45	term	term	NOUN
cjfa-33342	283	46	structure	structure	NOUN
cjfa-33342	283	47	.	.	PUNCT
cjfa-33342	284	1	indeed	indeed	ADV
cjfa-33342	284	2	,	,	PUNCT
cjfa-33342	284	3	in	in	ADP
cjfa-33342	284	4	(	(	PUNCT
cjfa-33342	284	5	3.6	3.6	NUM
cjfa-33342	284	6	)	)	PUNCT
cjfa-33342	284	7	,	,	PUNCT
cjfa-33342	284	8	the	the	DET
cjfa-33342	284	9	spread	spread	ADJ
cjfa-33342	284	10	�	�	PROPN
cjfa-33342	284	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	284	12	�	�	PROPN
cjfa-33342	284	13	(	(	PUNCT
cjfa-33342	284	14	�	�	PROPN
cjfa-33342	284	15	)	)	PUNCT
cjfa-33342	284	16	−	−	PROPN
cjfa-33342	284	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	284	18	�	�	PROPN
cjfa-33342	284	19	(	(	PUNCT
cjfa-33342	284	20	�	�	PROPN
cjfa-33342	284	21	)	)	PUNCT
cjfa-33342	284	22	�	�	PROPN
cjfa-33342	284	23	is	be	AUX
cjfa-33342	284	24	supposed	suppose	VERB
cjfa-33342	284	25	to	to	PART
cjfa-33342	284	26	be	be	AUX
cjfa-33342	284	27	mathematically	mathematically	ADV
cjfa-33342	284	28	equal	equal	ADJ
cjfa-33342	284	29	to	to	ADP
cjfa-33342	284	30	the	the	DET
cjfa-33342	284	31	half	half	ADJ
cjfa-33342	284	32	rate	rate	NOUN
cjfa-33342	284	33	variation	variation	NOUN
cjfa-33342	284	34	predicted	predict	VERB
cjfa-33342	284	35	by	by	ADP
cjfa-33342	284	36	the	the	DET
cjfa-33342	284	37	implicit	implicit	ADJ
cjfa-33342	284	38	forward	forward	ADJ
cjfa-33342	284	39	rate	rate	NOUN
cjfa-33342	284	40	.	.	PUNCT
cjfa-33342	285	1	it	it	PRON
cjfa-33342	285	2	is	be	AUX
cjfa-33342	285	3	therefore	therefore	ADV
cjfa-33342	285	4	regress	regress	ADJ
cjfa-33342	285	5	on	on	ADP
cjfa-33342	285	6	the	the	DET
cjfa-33342	285	7	realized	realize	VERB
cjfa-33342	285	8	variation	variation	NOUN
cjfa-33342	285	9	in	in	ADP
cjfa-33342	285	10	order	order	NOUN
cjfa-33342	285	11	to	to	PART
cjfa-33342	285	12	know	know	VERB
cjfa-33342	285	13	the	the	DET
cjfa-33342	285	14	predictive	predictive	ADJ
cjfa-33342	285	15	power	power	NOUN
cjfa-33342	285	16	of	of	ADP
cjfa-33342	285	17	the	the	DET
cjfa-33342	285	18	implicit	implicit	ADJ
cjfa-33342	285	19	forward	forward	ADJ
cjfa-33342	285	20	rate	rate	NOUN
cjfa-33342	285	21	.	.	PUNCT
cjfa-33342	286	1	the	the	DET
cjfa-33342	286	2	regression	regression	NOUN
cjfa-33342	286	3	coefficient	coefficient	NOUN
cjfa-33342	286	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	286	5	will	will	AUX
cjfa-33342	286	6	be	be	AUX
cjfa-33342	286	7	equal	equal	ADJ
cjfa-33342	286	8	to	to	ADP
cjfa-33342	286	9	1	1	NUM
cjfa-33342	286	10	if	if	SCONJ
cjfa-33342	286	11	the	the	DET
cjfa-33342	286	12	implicit	implicit	ADJ
cjfa-33342	286	13	forward	forward	ADJ
cjfa-33342	286	14	rate	rate	NOUN
cjfa-33342	286	15	is	be	AUX
cjfa-33342	286	16	a	a	DET
cjfa-33342	286	17	perfect	perfect	ADJ
cjfa-33342	286	18	foresight	foresight	NOUN
cjfa-33342	286	19	indicator	indicator	NOUN
cjfa-33342	286	20	of	of	ADP
cjfa-33342	286	21	short	short	ADJ
cjfa-33342	286	22	terms	term	NOUN
cjfa-33342	286	23	interest	interest	NOUN
cjfa-33342	286	24	rates	rate	NOUN
cjfa-33342	286	25	movements	movement	NOUN
cjfa-33342	286	26	.	.	PUNCT
cjfa-33342	287	1	since	since	SCONJ
cjfa-33342	287	2	(	(	PUNCT
cjfa-33342	287	3	10	10	NUM
cjfa-33342	287	4	)	)	PUNCT
cjfa-33342	287	5	and	and	CCONJ
cjfa-33342	287	6	(	(	PUNCT
cjfa-33342	287	7	11	11	NUM
cjfa-33342	287	8	)	)	PUNCT
cjfa-33342	287	9	are	be	AUX
cjfa-33342	287	10	simple	simple	ADJ
cjfa-33342	287	11	linear	linear	ADJ
cjfa-33342	287	12	regression	regression	NOUN
cjfa-33342	287	13	models	model	NOUN
cjfa-33342	287	14	,	,	PUNCT
cjfa-33342	287	15	all	all	DET
cjfa-33342	287	16	the	the	DET
cjfa-33342	287	17	preliminary	preliminary	ADJ
cjfa-33342	287	18	tests	test	NOUN
cjfa-33342	287	19	of	of	ADP
cjfa-33342	287	20	stationarity	stationarity	NOUN
cjfa-33342	287	21	,	,	PUNCT
cjfa-33342	287	22	co	co	NOUN
cjfa-33342	287	23	-	-	NOUN
cjfa-33342	287	24	integration	integration	NOUN
cjfa-33342	287	25	,	,	PUNCT
cjfa-33342	287	26	normality	normality	NOUN
cjfa-33342	287	27	,	,	PUNCT
cjfa-33342	287	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	287	29	of	of	ADP
cjfa-33342	287	30	errors	error	NOUN
cjfa-33342	287	31	and	and	CCONJ
cjfa-33342	287	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	287	33	were	be	AUX
cjfa-33342	287	34	are	be	AUX
cjfa-33342	287	35	the	the	DET
cjfa-33342	287	36	rational	rational	ADJ
cjfa-33342	287	37	expected	expect	VERB
cjfa-33342	287	38	rates	rate	NOUN
cjfa-33342	287	39	,	,	PUNCT
cjfa-33342	287	40	ft	ft	NOUN
cjfa-33342	287	41	 	 	SPACE
cjfa-33342	287	42	(	(	PUNCT
cjfa-33342	287	43	k	k	NOUN
cjfa-33342	287	44	,	,	PUNCT
cjfa-33342	287	45	 	 	SPACE
cjfa-33342	287	46	k	k	X
cjfa-33342	287	47	 	 	SPACE
cjfa-33342	287	48	+	+	NOUN
cjfa-33342	287	49	 	 	SPACE
cjfa-33342	287	50	m	m	VERB
cjfa-33342	287	51	)	)	PUNCT
cjfa-33342	287	52	is	be	AUX
cjfa-33342	287	53	the	the	DET
cjfa-33342	287	54	implicit	implicit	ADJ
cjfa-33342	287	55	forward	forward	ADJ
cjfa-33342	287	56	rate	rate	NOUN
cjfa-33342	287	57	in	in	ADP
cjfa-33342	287	58	the	the	DET
cjfa-33342	287	59	current	current	ADJ
cjfa-33342	287	60	term	term	NOUN
cjfa-33342	287	61	structure	structure	NOUN
cjfa-33342	287	62	,	,	PUNCT
cjfa-33342	287	63	1	1	NUM
cjfa-33342	287	64	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	287	65	�	�	PROPN
cjfa-33342	287	66	(	(	PUNCT
cjfa-33342	287	67	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	287	68	�	�	PROPN
cjfa-33342	287	69	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	287	70	�	�	PROPN
cjfa-33342	287	71	�	�	PROPN
cjfa-33342	287	72	�	�	PROPN
cjfa-33342	287	73	�	�	PROPN
cjfa-33342	287	74	(	(	PUNCT
cjfa-33342	287	75	�	�	PROPN
cjfa-33342	287	76	)	)	PUNCT
cjfa-33342	287	77	−	−	PROPN
cjfa-33342	288	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	288	2	�	�	PROPN
cjfa-33342	288	3	(	(	PUNCT
cjfa-33342	288	4	�	�	PROPN
cjfa-33342	288	5	)	)	PUNCT
cjfa-33342	288	6	)	)	PUNCT
cjfa-33342	288	7	�	�	PROPN
cjfa-33342	288	8	�	�	PROPN
cjfa-33342	288	9	�	�	PROPN
cjfa-33342	288	10	�	�	PROPN
cjfa-33342	288	11	�	�	PROPN
cjfa-33342	288	12	�	�	PROPN
cjfa-33342	288	13	=	=	PUNCT
cjfa-33342	288	14	∝	∝	PROPN
cjfa-33342	288	15	+	+	CCONJ
cjfa-33342	288	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	288	17	�	�	PROPN
cjfa-33342	288	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	288	19	�	�	PROPN
cjfa-33342	288	20	(	(	PUNCT
cjfa-33342	288	21	�	�	PROPN
cjfa-33342	288	22	)	)	PUNCT
cjfa-33342	288	23	−	−	PROPN
cjfa-33342	288	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	288	25	�	�	PROPN
cjfa-33342	288	26	(	(	PUNCT
cjfa-33342	288	27	�	�	PROPN
cjfa-33342	288	28	)	)	PUNCT
cjfa-33342	288	29	�	�	PROPN
cjfa-33342	288	30	+	+	CCONJ
cjfa-33342	288	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	288	32	�	�	PROPN
cjfa-33342	288	33	�	�	PROPN
cjfa-33342	288	34	�	�	PROPN
cjfa-33342	288	35	,	,	PUNCT
cjfa-33342	288	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	288	37	𝑤	𝑤	PART
cjfa-33342	288	38	𝑤	𝑤	NOUN
cjfa-33342	288	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	288	40	𝑤	𝑤	ADP
cjfa-33342	288	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	288	42	(	(	PUNCT
cjfa-33342	288	43	𝑤	𝑤	NOUN
cjfa-33342	288	44	)	)	PUNCT
cjfa-33342	288	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	288	46	�	�	PROPN
cjfa-33342	288	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	288	48	�	�	PROPN
cjfa-33342	288	49	�	�	PROPN
cjfa-33342	288	50	�	�	PROPN
cjfa-33342	288	51	(	(	PUNCT
cjfa-33342	288	52	�	�	PROPN
cjfa-33342	288	53	)	)	PUNCT
cjfa-33342	288	54	−	−	PROPN
cjfa-33342	289	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	289	2	�	�	PROPN
cjfa-33342	289	3	(	(	PUNCT
cjfa-33342	289	4	�	�	PROPN
cjfa-33342	289	5	)	)	PUNCT
cjfa-33342	289	6	=	=	SYM
cjfa-33342	290	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	290	2	+	+	ADJ
cjfa-33342	290	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	290	4	�	�	PROPN
cjfa-33342	290	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	290	6	�	�	PROPN
cjfa-33342	290	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	290	8	,	,	PUNCT
cjfa-33342	290	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	290	10	+	+	CCONJ
cjfa-33342	290	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	290	12	)	)	PUNCT
cjfa-33342	290	13	−	−	PROPN
cjfa-33342	290	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	290	15	�	�	PROPN
cjfa-33342	290	16	(	(	PUNCT
cjfa-33342	290	17	�	�	PROPN
cjfa-33342	290	18	)	)	PUNCT
cjfa-33342	290	19	�	�	PROPN
cjfa-33342	290	20	+	+	CCONJ
cjfa-33342	290	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	290	22	�	�	PROPN
cjfa-33342	290	23	�	�	PROPN
cjfa-33342	290	24	�	�	PROPN
cjfa-33342	290	25	�	�	PROPN
cjfa-33342	290	26	�	�	PROPN
cjfa-33342	290	27	(	(	PUNCT
cjfa-33342	290	28	6	6	NUM
cjfa-33342	290	29	)	)	PUNCT
cjfa-33342	290	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	290	31	�	�	PROPN
cjfa-33342	290	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	290	33	�	�	PROPN
cjfa-33342	290	34	�	�	PROPN
cjfa-33342	290	35	�	�	PROPN
cjfa-33342	290	36	(	(	PUNCT
cjfa-33342	290	37	�	�	PROPN
cjfa-33342	290	38	�	�	PROPN
cjfa-33342	290	39	�	�	PROPN
cjfa-33342	290	40	)	)	PUNCT
cjfa-33342	291	1	−	−	PROPN
cjfa-33342	291	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	291	3	�	�	PROPN
cjfa-33342	291	4	(	(	PUNCT
cjfa-33342	291	5	�	�	PROPN
cjfa-33342	291	6	)	)	PUNCT
cjfa-33342	291	7	=	=	SYM
cjfa-33342	292	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	292	2	+	+	NOUN
cjfa-33342	292	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	292	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	292	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	292	6	−	−	NOUN
cjfa-33342	292	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	292	8	�	�	PROPN
cjfa-33342	292	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	292	10	�	�	PROPN
cjfa-33342	292	11	(	(	PUNCT
cjfa-33342	292	12	�	�	PROPN
cjfa-33342	292	13	)	)	PUNCT
cjfa-33342	292	14	−	−	PROPN
cjfa-33342	293	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	293	2	�	�	PROPN
cjfa-33342	293	3	(	(	PUNCT
cjfa-33342	293	4	�	�	PROPN
cjfa-33342	293	5	)	)	PUNCT
cjfa-33342	293	6	�	�	PROPN
cjfa-33342	293	7	+	+	CCONJ
cjfa-33342	293	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	293	9	�	�	PROPN
cjfa-33342	293	10	�	�	PROPN
cjfa-33342	293	11	�	�	PROPN
cjfa-33342	293	12	(	(	PUNCT
cjfa-33342	293	13	7	7	NUM
cjfa-33342	293	14	)	)	PUNCT
cjfa-33342	293	15	where	where	SCONJ
cjfa-33342	293	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	293	17	�	�	PROPN
cjfa-33342	293	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	293	19	�	�	PROPN
cjfa-33342	293	20	�	�	PROPN
cjfa-33342	293	21	�	�	PROPN
cjfa-33342	293	22	�	�	PROPN
cjfa-33342	293	23	(	(	PUNCT
cjfa-33342	293	24	�	�	PROPN
cjfa-33342	293	25	)	)	PUNCT
cjfa-33342	293	26	,	,	PUNCT
cjfa-33342	293	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	293	28	�	�	PROPN
cjfa-33342	293	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	293	30	�	�	PROPN
cjfa-33342	293	31	�	�	PROPN
cjfa-33342	293	32	�	�	PROPN
cjfa-33342	293	33	(	(	PUNCT
cjfa-33342	293	34	�	�	PROPN
cjfa-33342	293	35	)	)	PUNCT
cjfa-33342	293	36	and	and	CCONJ
cjfa-33342	293	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	293	38	�	�	PROPN
cjfa-33342	293	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	293	40	�	�	PROPN
cjfa-33342	293	41	�	�	PROPN
cjfa-33342	293	42	�	�	PROPN
cjfa-33342	293	43	(	(	PUNCT
cjfa-33342	293	44	�	�	PROPN
cjfa-33342	293	45	�	�	PROPN
cjfa-33342	293	46	�	�	PROPN
cjfa-33342	293	47	)	)	PUNCT
cjfa-33342	293	48	are	be	AUX
cjfa-33342	293	49	the	the	DET
cjfa-33342	293	50	rational	rational	ADJ
cjfa-33342	293	51	expected	expect	VERB
cjfa-33342	293	52	rates	rate	NOUN
cjfa-33342	293	53	,	,	PUNCT
cjfa-33342	293	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	293	55	�	�	PROPN
cjfa-33342	293	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	293	57	,	,	PUNCT
cjfa-33342	293	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	293	59	+	+	CCONJ
cjfa-33342	293	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	293	61	)	)	PUNCT
cjfa-33342	293	62	is	be	AUX
cjfa-33342	293	63	the	the	DET
cjfa-33342	293	64	implicit	implicit	ADJ
cjfa-33342	293	65	forward	forward	ADJ
cjfa-33342	293	66	rate	rate	NOUN
cjfa-33342	293	67	in	in	ADP
cjfa-33342	293	68	the	the	DET
cjfa-33342	293	69	current	current	ADJ
cjfa-33342	293	70	term	term	NOUN
cjfa-33342	293	71	structure	structure	NOUN
cjfa-33342	293	72	,	,	PUNCT
cjfa-33342	293	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	293	74	�	�	PROPN
cjfa-33342	293	75	(	(	PUNCT
cjfa-33342	293	76	�	�	PROPN
cjfa-33342	293	77	)	)	PUNCT
cjfa-33342	293	78	and	and	CCONJ
cjfa-33342	293	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	293	80	�	�	PROPN
cjfa-33342	293	81	(	(	PUNCT
cjfa-33342	293	82	�	�	PROPN
cjfa-33342	293	83	)	)	PUNCT
cjfa-33342	293	84	are	be	AUX
cjfa-33342	293	85	respectively	respectively	ADV
cjfa-33342	293	86	the	the	DET
cjfa-33342	293	87	current	current	ADJ
cjfa-33342	293	88	long	long	ADJ
cjfa-33342	293	89	term	term	NOUN
cjfa-33342	293	90	(	(	PUNCT
cjfa-33342	293	91	n	n	DET
cjfa-33342	293	92	period	period	NOUN
cjfa-33342	293	93	)	)	PUNCT
cjfa-33342	293	94	and	and	CCONJ
cjfa-33342	293	95	short	short	ADJ
cjfa-33342	293	96	term	term	NOUN
cjfa-33342	293	97	(	(	PUNCT
cjfa-33342	293	98	m	m	NOUN
cjfa-33342	293	99	period	period	NOUN
cjfa-33342	293	100	)	)	PUNCT
cjfa-33342	293	101	rate	rate	NOUN
cjfa-33342	293	102	,	,	PUNCT
cjfa-33342	293	103	with	with	ADP
cjfa-33342	293	104	k	k	NOUN
cjfa-33342	293	105	=	=	SYM
cjfa-33342	293	106	n	n	CCONJ
cjfa-33342	293	107	/	/	SYM
cjfa-33342	293	108	m	m	PROPN
cjfa-33342	293	109	,	,	PUNCT
cjfa-33342	293	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	293	111	is	be	AUX
cjfa-33342	293	112	a	a	PRON
cjfa-33342	293	113	with	with	ADP
cjfa-33342	293	114	noise	noise	NOUN
cjfa-33342	293	115	.	.	PUNCT
cjfa-33342	294	1	in	in	ADP
cjfa-33342	294	2	this	this	DET
cjfa-33342	294	3	study	study	NOUN
cjfa-33342	294	4	,	,	PUNCT
cjfa-33342	294	5	we	we	PRON
cjfa-33342	294	6	only	only	ADV
cjfa-33342	294	7	used	use	VERB
cjfa-33342	294	8	the	the	DET
cjfa-33342	294	9	models	model	NOUN
cjfa-33342	294	10	(	(	PUNCT
cjfa-33342	294	11	5	5	NUM
cjfa-33342	294	12	)	)	PUNCT
cjfa-33342	294	13	and	and	CCONJ
cjfa-33342	294	14	(	(	PUNCT
cjfa-33342	294	15	6	6	NUM
cjfa-33342	294	16	)	)	PUNCT
cjfa-33342	294	17	,	,	PUNCT
cjfa-33342	294	18	for	for	ADP
cjfa-33342	294	19	the	the	DET
cjfa-33342	294	20	model	model	NOUN
cjfa-33342	294	21	(	(	PUNCT
cjfa-33342	294	22	7	7	NUM
cjfa-33342	294	23	)	)	PUNCT
cjfa-33342	294	24	assumes	assume	VERB
cjfa-33342	294	25	that	that	SCONJ
cjfa-33342	294	26	k>2	k>2	PROPN
cjfa-33342	294	27	.	.	PUNCT
cjfa-33342	295	1	since	since	SCONJ
cjfa-33342	295	2	we	we	PRON
cjfa-33342	295	3	are	be	AUX
cjfa-33342	295	4	not	not	PART
cjfa-33342	295	5	testing	test	VERB
cjfa-33342	295	6	the	the	DET
cjfa-33342	295	7	rational	rational	ADJ
cjfa-33342	295	8	expectations	expectation	NOUN
cjfa-33342	295	9	hypothesis	hypothesis	NOUN
cjfa-33342	295	10	,	,	PUNCT
cjfa-33342	295	11	those	those	DET
cjfa-33342	295	12	models	model	NOUN
cjfa-33342	295	13	were	be	AUX
cjfa-33342	295	14	reformulated	reformulate	VERB
cjfa-33342	295	15	to	to	PART
cjfa-33342	295	16	test	test	VERB
cjfa-33342	295	17	the	the	DET
cjfa-33342	295	18	predictive	predictive	ADJ
cjfa-33342	295	19	power	power	NOUN
cjfa-33342	295	20	of	of	ADP
cjfa-33342	295	21	the	the	DET
cjfa-33342	295	22	implicit	implicit	ADJ
cjfa-33342	295	23	forward	forward	ADJ
cjfa-33342	295	24	rate	rate	NOUN
cjfa-33342	295	25	as	as	SCONJ
cjfa-33342	295	26	follows	follow	VERB
cjfa-33342	295	27	:	:	PUNCT
cjfa-33342	296	1	1	1	NUM
cjfa-33342	296	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	296	3	�	�	PROPN
cjfa-33342	296	4	(	(	PUNCT
cjfa-33342	296	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	296	6	�	�	PROPN
cjfa-33342	296	7	�	�	PROPN
cjfa-33342	296	8	�	�	PROPN
cjfa-33342	296	9	�	�	PROPN
cjfa-33342	296	10	(	(	PUNCT
cjfa-33342	296	11	�	�	PROPN
cjfa-33342	296	12	)	)	PUNCT
cjfa-33342	296	13	−	−	PROPN
cjfa-33342	296	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	296	15	�	�	PROPN
cjfa-33342	296	16	(	(	PUNCT
cjfa-33342	296	17	�	�	PROPN
cjfa-33342	296	18	)	)	PUNCT
cjfa-33342	296	19	)	)	PUNCT
cjfa-33342	296	20	�	�	PROPN
cjfa-33342	296	21	�	�	PROPN
cjfa-33342	296	22	�	�	PROPN
cjfa-33342	296	23	�	�	PROPN
cjfa-33342	296	24	�	�	PROPN
cjfa-33342	296	25	�	�	PROPN
cjfa-33342	296	26	=	=	PUNCT
cjfa-33342	296	27	∝	∝	PROPN
cjfa-33342	296	28	+	+	CCONJ
cjfa-33342	296	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	296	30	�	�	PROPN
cjfa-33342	296	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	296	32	�	�	PROPN
cjfa-33342	296	33	(	(	PUNCT
cjfa-33342	296	34	�	�	PROPN
cjfa-33342	296	35	)	)	PUNCT
cjfa-33342	296	36	−	−	PROPN
cjfa-33342	296	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	296	38	�	�	PROPN
cjfa-33342	296	39	(	(	PUNCT
cjfa-33342	296	40	�	�	PROPN
cjfa-33342	296	41	)	)	PUNCT
cjfa-33342	296	42	�	�	PROPN
cjfa-33342	296	43	+	+	CCONJ
cjfa-33342	296	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	296	45	�	�	PROPN
cjfa-33342	296	46	�	�	PROPN
cjfa-33342	296	47	�	�	PROPN
cjfa-33342	296	48	,	,	PUNCT
cjfa-33342	296	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	296	50	𝑤	𝑤	PART
cjfa-33342	296	51	𝑤	𝑤	NOUN
cjfa-33342	296	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	296	53	𝑤	𝑤	ADP
cjfa-33342	296	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	296	55	(	(	PUNCT
cjfa-33342	296	56	𝑤	𝑤	NOUN
cjfa-33342	296	57	)	)	PUNCT
cjfa-33342	296	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	296	59	�	�	PROPN
cjfa-33342	296	60	�	�	PROPN
cjfa-33342	296	61	�	�	PROPN
cjfa-33342	296	62	(	(	PUNCT
cjfa-33342	296	63	�	�	PROPN
cjfa-33342	296	64	)	)	PUNCT
cjfa-33342	296	65	−	−	PROPN
cjfa-33342	296	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	296	67	�	�	PROPN
cjfa-33342	296	68	(	(	PUNCT
cjfa-33342	296	69	�	�	PROPN
cjfa-33342	296	70	)	)	PUNCT
cjfa-33342	296	71	=	=	SYM
cjfa-33342	297	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	297	2	+	+	ADJ
cjfa-33342	297	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	297	4	�	�	PROPN
cjfa-33342	297	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	297	6	�	�	PROPN
cjfa-33342	297	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	297	8	,	,	PUNCT
cjfa-33342	297	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	297	10	+	+	CCONJ
cjfa-33342	297	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	297	12	)	)	PUNCT
cjfa-33342	297	13	−	−	PROPN
cjfa-33342	297	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	297	15	�	�	PROPN
cjfa-33342	297	16	(	(	PUNCT
cjfa-33342	297	17	�	�	PROPN
cjfa-33342	297	18	)	)	PUNCT
cjfa-33342	297	19	�	�	PROPN
cjfa-33342	297	20	+	+	CCONJ
cjfa-33342	297	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	297	22	�	�	PROPN
cjfa-33342	297	23	�	�	PROPN
cjfa-33342	297	24	�	�	PROPN
cjfa-33342	297	25	�	�	PROPN
cjfa-33342	297	26	�	�	PROPN
cjfa-33342	297	27	(	(	PUNCT
cjfa-33342	297	28	9	9	NUM
cjfa-33342	297	29	)	)	PUNCT
cjfa-33342	297	30	where	where	SCONJ
cjfa-33342	297	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	297	32	�	�	PROPN
cjfa-33342	297	33	�	�	PROPN
cjfa-33342	297	34	�	�	PROPN
cjfa-33342	297	35	�	�	PROPN
cjfa-33342	297	36	(	(	PUNCT
cjfa-33342	297	37	�	�	PROPN
cjfa-33342	297	38	)	)	PUNCT
cjfa-33342	297	39	and	and	CCONJ
cjfa-33342	297	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	297	41	�	�	PROPN
cjfa-33342	297	42	�	�	PROPN
cjfa-33342	297	43	�	�	PROPN
cjfa-33342	297	44	(	(	PUNCT
cjfa-33342	297	45	�	�	PROPN
cjfa-33342	297	46	)	)	PUNCT
cjfa-33342	297	47	are	be	AUX
cjfa-33342	297	48	the	the	DET
cjfa-33342	297	49	forward	forward	ADJ
cjfa-33342	297	50	rates	rate	NOUN
cjfa-33342	297	51	respectively	respectively	ADV
cjfa-33342	297	52	at	at	ADP
cjfa-33342	297	53	time	time	NOUN
cjfa-33342	297	54	t+sm	t+sm	NOUN
cjfa-33342	297	55	and	and	CCONJ
cjfa-33342	297	56	t+k	t+k	NUM
cjfa-33342	297	57	.	.	PUNCT
cjfa-33342	298	1	considering	consider	VERB
cjfa-33342	298	2	the	the	DET
cjfa-33342	298	3	fact	fact	NOUN
cjfa-33342	298	4	that	that	SCONJ
cjfa-33342	298	5	n=2	n=2	PRON
cjfa-33342	298	6	and	and	CCONJ
cjfa-33342	298	7	m=1	m=1	X
cjfa-33342	298	8	in	in	ADP
cjfa-33342	298	9	this	this	DET
cjfa-33342	298	10	study	study	NOUN
cjfa-33342	298	11	,	,	PUNCT
cjfa-33342	298	12	the	the	DET
cjfa-33342	298	13	models	model	NOUN
cjfa-33342	298	14	can	can	AUX
cjfa-33342	298	15	be	be	AUX
cjfa-33342	298	16	rewrite	rewrite	VERB
cjfa-33342	298	17	as	as	SCONJ
cjfa-33342	298	18	follows	follow	VERB
cjfa-33342	298	19	:	:	PUNCT
cjfa-33342	298	20	1	1	NUM
cjfa-33342	298	21	2	2	NUM
cjfa-33342	298	22	(	(	PUNCT
cjfa-33342	298	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	298	24	�	�	PROPN
cjfa-33342	298	25	�	�	PROPN
cjfa-33342	298	26	�	�	PROPN
cjfa-33342	298	27	(	(	PUNCT
cjfa-33342	298	28	�	�	PROPN
cjfa-33342	298	29	)	)	PUNCT
cjfa-33342	298	30	−	−	PROPN
cjfa-33342	298	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	298	32	�	�	PROPN
cjfa-33342	298	33	(	(	PUNCT
cjfa-33342	298	34	�	�	PROPN
cjfa-33342	298	35	)	)	PUNCT
cjfa-33342	298	36	)	)	PUNCT
cjfa-33342	299	1	=	=	PUNCT
cjfa-33342	299	2	∝	∝	NOUN
cjfa-33342	299	3	+	+	CCONJ
cjfa-33342	299	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	299	5	�	�	PROPN
cjfa-33342	299	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	299	7	�	�	PROPN
cjfa-33342	299	8	(	(	PUNCT
cjfa-33342	299	9	�	�	PROPN
cjfa-33342	299	10	)	)	PUNCT
cjfa-33342	299	11	−	−	PROPN
cjfa-33342	300	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	300	2	�	�	PROPN
cjfa-33342	300	3	(	(	PUNCT
cjfa-33342	300	4	�	�	PROPN
cjfa-33342	300	5	)	)	PUNCT
cjfa-33342	300	6	�	�	PROPN
cjfa-33342	300	7	+	+	CCONJ
cjfa-33342	300	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	300	9	�	�	PROPN
cjfa-33342	300	10	�	�	PROPN
cjfa-33342	300	11	�	�	PROPN
cjfa-33342	300	12	,	,	PUNCT
cjfa-33342	300	13	(	(	PUNCT
cjfa-33342	300	14	1𝑤	1𝑤	NUM
cjfa-33342	300	15	)	)	PUNCT
cjfa-33342	300	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	300	17	�	�	PROPN
cjfa-33342	300	18	�	�	PROPN
cjfa-33342	300	19	�	�	PROPN
cjfa-33342	300	20	(	(	PUNCT
cjfa-33342	300	21	�	�	PROPN
cjfa-33342	300	22	)	)	PUNCT
cjfa-33342	300	23	−	−	PROPN
cjfa-33342	301	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	301	2	�	�	PROPN
cjfa-33342	301	3	(	(	PUNCT
cjfa-33342	301	4	�	�	PROPN
cjfa-33342	301	5	)	)	PUNCT
cjfa-33342	301	6	=	=	SYM
cjfa-33342	302	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	302	2	+	+	ADJ
cjfa-33342	302	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	302	4	�	�	NOUN
cjfa-33342	302	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	302	6	�	�	PROPN
cjfa-33342	302	7	(1	(1	NOUN
cjfa-33342	302	8	,	,	PUNCT
cjfa-33342	302	9	2	2	NUM
cjfa-33342	302	10	)	)	PUNCT
cjfa-33342	302	11	−	−	PROPN
cjfa-33342	302	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	302	13	�	�	PROPN
cjfa-33342	302	14	(	(	PUNCT
cjfa-33342	302	15	�	�	PROPN
cjfa-33342	302	16	)	)	PUNCT
cjfa-33342	302	17	�	�	PROPN
cjfa-33342	302	18	+	+	CCONJ
cjfa-33342	302	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	302	20	�	�	PROPN
cjfa-33342	302	21	�	�	PROPN
cjfa-33342	302	22	�	�	PROPN
cjfa-33342	302	23	�	�	PROPN
cjfa-33342	302	24	�	�	PROPN
cjfa-33342	302	25	(	(	PUNCT
cjfa-33342	302	26	11	11	NUM
cjfa-33342	302	27	)	)	PUNCT
cjfa-33342	302	28	in	in	ADP
cjfa-33342	302	29	each	each	DET
cjfa-33342	302	30	equation	equation	NOUN
cjfa-33342	302	31	,	,	PUNCT
cjfa-33342	302	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	302	33	capture	capture	VERB
cjfa-33342	302	34	the	the	DET
cjfa-33342	302	35	predictive	predictive	ADJ
cjfa-33342	302	36	power	power	NOUN
cjfa-33342	302	37	of	of	ADP
cjfa-33342	302	38	the	the	DET
cjfa-33342	302	39	implicit	implicit	ADJ
cjfa-33342	302	40	forward	forward	ADJ
cjfa-33342	302	41	rate	rate	NOUN
cjfa-33342	302	42	in	in	ADP
cjfa-33342	302	43	the	the	DET
cjfa-33342	302	44	current	current	ADJ
cjfa-33342	302	45	term	term	NOUN
cjfa-33342	302	46	structure	structure	NOUN
cjfa-33342	302	47	.	.	PUNCT
cjfa-33342	303	1	indeed	indeed	ADV
cjfa-33342	303	2	,	,	PUNCT
cjfa-33342	303	3	in	in	ADP
cjfa-33342	303	4	(	(	PUNCT
cjfa-33342	303	5	3.6	3.6	NUM
cjfa-33342	303	6	)	)	PUNCT
cjfa-33342	303	7	,	,	PUNCT
cjfa-33342	303	8	the	the	DET
cjfa-33342	303	9	spread	spread	ADJ
cjfa-33342	303	10	�	�	PROPN
cjfa-33342	303	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	303	12	�	�	PROPN
cjfa-33342	303	13	(	(	PUNCT
cjfa-33342	303	14	�	�	PROPN
cjfa-33342	303	15	)	)	PUNCT
cjfa-33342	303	16	−	−	PROPN
cjfa-33342	303	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	303	18	�	�	PROPN
cjfa-33342	303	19	(	(	PUNCT
cjfa-33342	303	20	�	�	PROPN
cjfa-33342	303	21	)	)	PUNCT
cjfa-33342	303	22	�	�	PROPN
cjfa-33342	303	23	is	be	AUX
cjfa-33342	303	24	supposed	suppose	VERB
cjfa-33342	303	25	to	to	PART
cjfa-33342	303	26	be	be	AUX
cjfa-33342	303	27	mathematically	mathematically	ADV
cjfa-33342	303	28	equal	equal	ADJ
cjfa-33342	303	29	to	to	ADP
cjfa-33342	303	30	the	the	DET
cjfa-33342	303	31	half	half	ADJ
cjfa-33342	303	32	rate	rate	NOUN
cjfa-33342	303	33	variation	variation	NOUN
cjfa-33342	303	34	predicted	predict	VERB
cjfa-33342	303	35	by	by	ADP
cjfa-33342	303	36	the	the	DET
cjfa-33342	303	37	implicit	implicit	ADJ
cjfa-33342	303	38	forward	forward	ADJ
cjfa-33342	303	39	rate	rate	NOUN
cjfa-33342	303	40	.	.	PUNCT
cjfa-33342	304	1	it	it	PRON
cjfa-33342	304	2	is	be	AUX
cjfa-33342	304	3	therefore	therefore	ADV
cjfa-33342	304	4	regress	regress	ADJ
cjfa-33342	304	5	on	on	ADP
cjfa-33342	304	6	the	the	DET
cjfa-33342	304	7	realized	realize	VERB
cjfa-33342	304	8	variation	variation	NOUN
cjfa-33342	304	9	in	in	ADP
cjfa-33342	304	10	order	order	NOUN
cjfa-33342	304	11	to	to	PART
cjfa-33342	304	12	know	know	VERB
cjfa-33342	304	13	the	the	DET
cjfa-33342	304	14	predictive	predictive	ADJ
cjfa-33342	304	15	power	power	NOUN
cjfa-33342	304	16	of	of	ADP
cjfa-33342	304	17	the	the	DET
cjfa-33342	304	18	implicit	implicit	ADJ
cjfa-33342	304	19	forward	forward	ADJ
cjfa-33342	304	20	rate	rate	NOUN
cjfa-33342	304	21	.	.	PUNCT
cjfa-33342	305	1	the	the	DET
cjfa-33342	305	2	regression	regression	NOUN
cjfa-33342	305	3	coefficient	coefficient	NOUN
cjfa-33342	305	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	305	5	will	will	AUX
cjfa-33342	305	6	be	be	AUX
cjfa-33342	305	7	equal	equal	ADJ
cjfa-33342	305	8	to	to	ADP
cjfa-33342	305	9	1	1	NUM
cjfa-33342	305	10	if	if	SCONJ
cjfa-33342	305	11	the	the	DET
cjfa-33342	305	12	implicit	implicit	ADJ
cjfa-33342	305	13	forward	forward	ADJ
cjfa-33342	305	14	rate	rate	NOUN
cjfa-33342	305	15	is	be	AUX
cjfa-33342	305	16	a	a	DET
cjfa-33342	305	17	perfect	perfect	ADJ
cjfa-33342	305	18	foresight	foresight	NOUN
cjfa-33342	305	19	indicator	indicator	NOUN
cjfa-33342	305	20	of	of	ADP
cjfa-33342	305	21	short	short	ADJ
cjfa-33342	305	22	terms	term	NOUN
cjfa-33342	305	23	interest	interest	NOUN
cjfa-33342	305	24	rates	rate	NOUN
cjfa-33342	305	25	movements	movement	NOUN
cjfa-33342	305	26	.	.	PUNCT
cjfa-33342	306	1	since	since	SCONJ
cjfa-33342	306	2	(	(	PUNCT
cjfa-33342	306	3	10	10	NUM
cjfa-33342	306	4	)	)	PUNCT
cjfa-33342	306	5	and	and	CCONJ
cjfa-33342	306	6	(	(	PUNCT
cjfa-33342	306	7	11	11	NUM
cjfa-33342	306	8	)	)	PUNCT
cjfa-33342	306	9	are	be	AUX
cjfa-33342	306	10	simple	simple	ADJ
cjfa-33342	306	11	linear	linear	ADJ
cjfa-33342	306	12	regression	regression	NOUN
cjfa-33342	306	13	models	model	NOUN
cjfa-33342	306	14	,	,	PUNCT
cjfa-33342	306	15	all	all	DET
cjfa-33342	306	16	the	the	DET
cjfa-33342	306	17	preliminary	preliminary	ADJ
cjfa-33342	306	18	tests	test	NOUN
cjfa-33342	306	19	of	of	ADP
cjfa-33342	306	20	stationarity	stationarity	NOUN
cjfa-33342	306	21	,	,	PUNCT
cjfa-33342	306	22	co	co	NOUN
cjfa-33342	306	23	-	-	NOUN
cjfa-33342	306	24	integration	integration	NOUN
cjfa-33342	306	25	,	,	PUNCT
cjfa-33342	306	26	normality	normality	NOUN
cjfa-33342	306	27	,	,	PUNCT
cjfa-33342	306	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	306	29	of	of	ADP
cjfa-33342	306	30	errors	error	NOUN
cjfa-33342	306	31	and	and	CCONJ
cjfa-33342	306	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	306	33	were	be	AUX
cjfa-33342	306	34	and	and	CCONJ
cjfa-33342	306	35	1	1	NUM
cjfa-33342	306	36	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	306	37	�	�	PROPN
cjfa-33342	306	38	(	(	PUNCT
cjfa-33342	306	39	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	306	40	�	�	PROPN
cjfa-33342	306	41	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	306	42	�	�	PROPN
cjfa-33342	306	43	�	�	PROPN
cjfa-33342	306	44	�	�	PROPN
cjfa-33342	306	45	�	�	PROPN
cjfa-33342	306	46	(	(	PUNCT
cjfa-33342	306	47	�	�	PROPN
cjfa-33342	306	48	)	)	PUNCT
cjfa-33342	306	49	−	−	PROPN
cjfa-33342	307	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	307	2	�	�	PROPN
cjfa-33342	307	3	(	(	PUNCT
cjfa-33342	307	4	�	�	PROPN
cjfa-33342	307	5	)	)	PUNCT
cjfa-33342	307	6	)	)	PUNCT
cjfa-33342	307	7	�	�	PROPN
cjfa-33342	307	8	�	�	PROPN
cjfa-33342	307	9	�	�	PROPN
cjfa-33342	307	10	�	�	PROPN
cjfa-33342	307	11	�	�	PROPN
cjfa-33342	307	12	�	�	PROPN
cjfa-33342	307	13	=	=	PUNCT
cjfa-33342	307	14	∝	∝	PROPN
cjfa-33342	307	15	+	+	CCONJ
cjfa-33342	307	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	307	17	�	�	PROPN
cjfa-33342	307	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	307	19	�	�	PROPN
cjfa-33342	307	20	(	(	PUNCT
cjfa-33342	307	21	�	�	PROPN
cjfa-33342	307	22	)	)	PUNCT
cjfa-33342	307	23	−	−	PROPN
cjfa-33342	307	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	307	25	�	�	PROPN
cjfa-33342	307	26	(	(	PUNCT
cjfa-33342	307	27	�	�	PROPN
cjfa-33342	307	28	)	)	PUNCT
cjfa-33342	307	29	�	�	PROPN
cjfa-33342	307	30	+	+	CCONJ
cjfa-33342	307	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	307	32	�	�	PROPN
cjfa-33342	307	33	�	�	PROPN
cjfa-33342	307	34	�	�	PROPN
cjfa-33342	307	35	,	,	PUNCT
cjfa-33342	307	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	307	37	𝑤	𝑤	PART
cjfa-33342	307	38	𝑤	𝑤	NOUN
cjfa-33342	307	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	307	40	𝑤	𝑤	ADP
cjfa-33342	307	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	307	42	(	(	PUNCT
cjfa-33342	307	43	𝑤	𝑤	NOUN
cjfa-33342	307	44	)	)	PUNCT
cjfa-33342	307	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	307	46	�	�	PROPN
cjfa-33342	307	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	307	48	�	�	PROPN
cjfa-33342	307	49	�	�	PROPN
cjfa-33342	307	50	�	�	PROPN
cjfa-33342	307	51	(	(	PUNCT
cjfa-33342	307	52	�	�	PROPN
cjfa-33342	307	53	)	)	PUNCT
cjfa-33342	307	54	−	−	PROPN
cjfa-33342	308	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	308	2	�	�	PROPN
cjfa-33342	308	3	(	(	PUNCT
cjfa-33342	308	4	�	�	PROPN
cjfa-33342	308	5	)	)	PUNCT
cjfa-33342	308	6	=	=	SYM
cjfa-33342	309	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	309	2	+	+	ADJ
cjfa-33342	309	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	309	4	�	�	PROPN
cjfa-33342	309	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	309	6	�	�	PROPN
cjfa-33342	309	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	309	8	,	,	PUNCT
cjfa-33342	309	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	309	10	+	+	CCONJ
cjfa-33342	309	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	309	12	)	)	PUNCT
cjfa-33342	309	13	−	−	PROPN
cjfa-33342	309	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	309	15	�	�	PROPN
cjfa-33342	309	16	(	(	PUNCT
cjfa-33342	309	17	�	�	PROPN
cjfa-33342	309	18	)	)	PUNCT
cjfa-33342	309	19	�	�	PROPN
cjfa-33342	309	20	+	+	CCONJ
cjfa-33342	309	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	309	22	�	�	PROPN
cjfa-33342	309	23	�	�	PROPN
cjfa-33342	309	24	�	�	PROPN
cjfa-33342	309	25	�	�	PROPN
cjfa-33342	309	26	�	�	PROPN
cjfa-33342	309	27	(	(	PUNCT
cjfa-33342	309	28	6	6	NUM
cjfa-33342	309	29	)	)	PUNCT
cjfa-33342	309	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	309	31	�	�	PROPN
cjfa-33342	309	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	309	33	�	�	PROPN
cjfa-33342	309	34	�	�	PROPN
cjfa-33342	309	35	�	�	PROPN
cjfa-33342	309	36	(	(	PUNCT
cjfa-33342	309	37	�	�	PROPN
cjfa-33342	309	38	�	�	PROPN
cjfa-33342	309	39	�	�	PROPN
cjfa-33342	309	40	)	)	PUNCT
cjfa-33342	310	1	−	−	PROPN
cjfa-33342	310	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	310	3	�	�	PROPN
cjfa-33342	310	4	(	(	PUNCT
cjfa-33342	310	5	�	�	PROPN
cjfa-33342	310	6	)	)	PUNCT
cjfa-33342	310	7	=	=	SYM
cjfa-33342	311	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	311	2	+	+	NOUN
cjfa-33342	311	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	311	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	311	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	311	6	−	−	NOUN
cjfa-33342	311	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	311	8	�	�	PROPN
cjfa-33342	311	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	311	10	�	�	PROPN
cjfa-33342	311	11	(	(	PUNCT
cjfa-33342	311	12	�	�	PROPN
cjfa-33342	311	13	)	)	PUNCT
cjfa-33342	311	14	−	−	PROPN
cjfa-33342	312	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	312	2	�	�	PROPN
cjfa-33342	312	3	(	(	PUNCT
cjfa-33342	312	4	�	�	PROPN
cjfa-33342	312	5	)	)	PUNCT
cjfa-33342	312	6	�	�	PROPN
cjfa-33342	312	7	+	+	CCONJ
cjfa-33342	312	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	312	9	�	�	PROPN
cjfa-33342	312	10	�	�	PROPN
cjfa-33342	312	11	�	�	PROPN
cjfa-33342	312	12	(	(	PUNCT
cjfa-33342	312	13	7	7	NUM
cjfa-33342	312	14	)	)	PUNCT
cjfa-33342	312	15	where	where	SCONJ
cjfa-33342	312	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	312	17	�	�	PROPN
cjfa-33342	312	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	312	19	�	�	PROPN
cjfa-33342	312	20	�	�	PROPN
cjfa-33342	312	21	�	�	PROPN
cjfa-33342	312	22	�	�	PROPN
cjfa-33342	312	23	(	(	PUNCT
cjfa-33342	312	24	�	�	PROPN
cjfa-33342	312	25	)	)	PUNCT
cjfa-33342	312	26	,	,	PUNCT
cjfa-33342	312	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	312	28	�	�	PROPN
cjfa-33342	312	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	312	30	�	�	PROPN
cjfa-33342	312	31	�	�	PROPN
cjfa-33342	312	32	�	�	PROPN
cjfa-33342	312	33	(	(	PUNCT
cjfa-33342	312	34	�	�	PROPN
cjfa-33342	312	35	)	)	PUNCT
cjfa-33342	312	36	and	and	CCONJ
cjfa-33342	312	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	312	38	�	�	PROPN
cjfa-33342	312	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	312	40	�	�	PROPN
cjfa-33342	312	41	�	�	PROPN
cjfa-33342	312	42	�	�	PROPN
cjfa-33342	312	43	(	(	PUNCT
cjfa-33342	312	44	�	�	PROPN
cjfa-33342	312	45	�	�	PROPN
cjfa-33342	312	46	�	�	PROPN
cjfa-33342	312	47	)	)	PUNCT
cjfa-33342	312	48	are	be	AUX
cjfa-33342	312	49	the	the	DET
cjfa-33342	312	50	rational	rational	ADJ
cjfa-33342	312	51	expected	expect	VERB
cjfa-33342	312	52	rates	rate	NOUN
cjfa-33342	312	53	,	,	PUNCT
cjfa-33342	312	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	312	55	�	�	PROPN
cjfa-33342	312	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	312	57	,	,	PUNCT
cjfa-33342	312	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	312	59	+	+	CCONJ
cjfa-33342	312	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	312	61	)	)	PUNCT
cjfa-33342	312	62	is	be	AUX
cjfa-33342	312	63	the	the	DET
cjfa-33342	312	64	implicit	implicit	ADJ
cjfa-33342	312	65	forward	forward	ADJ
cjfa-33342	312	66	rate	rate	NOUN
cjfa-33342	312	67	in	in	ADP
cjfa-33342	312	68	the	the	DET
cjfa-33342	312	69	current	current	ADJ
cjfa-33342	312	70	term	term	NOUN
cjfa-33342	312	71	structure	structure	NOUN
cjfa-33342	312	72	,	,	PUNCT
cjfa-33342	312	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	312	74	�	�	PROPN
cjfa-33342	312	75	(	(	PUNCT
cjfa-33342	312	76	�	�	PROPN
cjfa-33342	312	77	)	)	PUNCT
cjfa-33342	312	78	and	and	CCONJ
cjfa-33342	312	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	312	80	�	�	PROPN
cjfa-33342	312	81	(	(	PUNCT
cjfa-33342	312	82	�	�	PROPN
cjfa-33342	312	83	)	)	PUNCT
cjfa-33342	312	84	are	be	AUX
cjfa-33342	312	85	respectively	respectively	ADV
cjfa-33342	312	86	the	the	DET
cjfa-33342	312	87	current	current	ADJ
cjfa-33342	312	88	long	long	ADJ
cjfa-33342	312	89	term	term	NOUN
cjfa-33342	312	90	(	(	PUNCT
cjfa-33342	312	91	n	n	DET
cjfa-33342	312	92	period	period	NOUN
cjfa-33342	312	93	)	)	PUNCT
cjfa-33342	312	94	and	and	CCONJ
cjfa-33342	312	95	short	short	ADJ
cjfa-33342	312	96	term	term	NOUN
cjfa-33342	312	97	(	(	PUNCT
cjfa-33342	312	98	m	m	NOUN
cjfa-33342	312	99	period	period	NOUN
cjfa-33342	312	100	)	)	PUNCT
cjfa-33342	312	101	rate	rate	NOUN
cjfa-33342	312	102	,	,	PUNCT
cjfa-33342	312	103	with	with	ADP
cjfa-33342	312	104	k	k	NOUN
cjfa-33342	312	105	=	=	SYM
cjfa-33342	312	106	n	n	CCONJ
cjfa-33342	312	107	/	/	SYM
cjfa-33342	312	108	m	m	PROPN
cjfa-33342	312	109	,	,	PUNCT
cjfa-33342	312	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	312	111	is	be	AUX
cjfa-33342	312	112	a	a	PRON
cjfa-33342	312	113	with	with	ADP
cjfa-33342	312	114	noise	noise	NOUN
cjfa-33342	312	115	.	.	PUNCT
cjfa-33342	313	1	in	in	ADP
cjfa-33342	313	2	this	this	DET
cjfa-33342	313	3	study	study	NOUN
cjfa-33342	313	4	,	,	PUNCT
cjfa-33342	313	5	we	we	PRON
cjfa-33342	313	6	only	only	ADV
cjfa-33342	313	7	used	use	VERB
cjfa-33342	313	8	the	the	DET
cjfa-33342	313	9	models	model	NOUN
cjfa-33342	313	10	(	(	PUNCT
cjfa-33342	313	11	5	5	NUM
cjfa-33342	313	12	)	)	PUNCT
cjfa-33342	313	13	and	and	CCONJ
cjfa-33342	313	14	(	(	PUNCT
cjfa-33342	313	15	6	6	NUM
cjfa-33342	313	16	)	)	PUNCT
cjfa-33342	313	17	,	,	PUNCT
cjfa-33342	313	18	for	for	ADP
cjfa-33342	313	19	the	the	DET
cjfa-33342	313	20	model	model	NOUN
cjfa-33342	313	21	(	(	PUNCT
cjfa-33342	313	22	7	7	NUM
cjfa-33342	313	23	)	)	PUNCT
cjfa-33342	313	24	assumes	assume	VERB
cjfa-33342	313	25	that	that	SCONJ
cjfa-33342	313	26	k>2	k>2	PROPN
cjfa-33342	313	27	.	.	PUNCT
cjfa-33342	314	1	since	since	SCONJ
cjfa-33342	314	2	we	we	PRON
cjfa-33342	314	3	are	be	AUX
cjfa-33342	314	4	not	not	PART
cjfa-33342	314	5	testing	test	VERB
cjfa-33342	314	6	the	the	DET
cjfa-33342	314	7	rational	rational	ADJ
cjfa-33342	314	8	expectations	expectation	NOUN
cjfa-33342	314	9	hypothesis	hypothesis	NOUN
cjfa-33342	314	10	,	,	PUNCT
cjfa-33342	314	11	those	those	DET
cjfa-33342	314	12	models	model	NOUN
cjfa-33342	314	13	were	be	AUX
cjfa-33342	314	14	reformulated	reformulate	VERB
cjfa-33342	314	15	to	to	PART
cjfa-33342	314	16	test	test	VERB
cjfa-33342	314	17	the	the	DET
cjfa-33342	314	18	predictive	predictive	ADJ
cjfa-33342	314	19	power	power	NOUN
cjfa-33342	314	20	of	of	ADP
cjfa-33342	314	21	the	the	DET
cjfa-33342	314	22	implicit	implicit	ADJ
cjfa-33342	314	23	forward	forward	ADJ
cjfa-33342	314	24	rate	rate	NOUN
cjfa-33342	314	25	as	as	SCONJ
cjfa-33342	314	26	follows	follow	VERB
cjfa-33342	314	27	:	:	PUNCT
cjfa-33342	315	1	1	1	NUM
cjfa-33342	315	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	315	3	�	�	PROPN
cjfa-33342	315	4	(	(	PUNCT
cjfa-33342	315	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	315	6	�	�	PROPN
cjfa-33342	315	7	�	�	PROPN
cjfa-33342	315	8	�	�	PROPN
cjfa-33342	315	9	�	�	PROPN
cjfa-33342	315	10	(	(	PUNCT
cjfa-33342	315	11	�	�	PROPN
cjfa-33342	315	12	)	)	PUNCT
cjfa-33342	315	13	−	−	PROPN
cjfa-33342	315	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	315	15	�	�	PROPN
cjfa-33342	315	16	(	(	PUNCT
cjfa-33342	315	17	�	�	PROPN
cjfa-33342	315	18	)	)	PUNCT
cjfa-33342	315	19	)	)	PUNCT
cjfa-33342	315	20	�	�	PROPN
cjfa-33342	315	21	�	�	PROPN
cjfa-33342	315	22	�	�	PROPN
cjfa-33342	315	23	�	�	PROPN
cjfa-33342	315	24	�	�	PROPN
cjfa-33342	315	25	�	�	PROPN
cjfa-33342	315	26	=	=	PUNCT
cjfa-33342	315	27	∝	∝	PROPN
cjfa-33342	315	28	+	+	CCONJ
cjfa-33342	315	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	315	30	�	�	PROPN
cjfa-33342	315	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	315	32	�	�	PROPN
cjfa-33342	315	33	(	(	PUNCT
cjfa-33342	315	34	�	�	PROPN
cjfa-33342	315	35	)	)	PUNCT
cjfa-33342	315	36	−	−	PROPN
cjfa-33342	315	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	315	38	�	�	PROPN
cjfa-33342	315	39	(	(	PUNCT
cjfa-33342	315	40	�	�	PROPN
cjfa-33342	315	41	)	)	PUNCT
cjfa-33342	315	42	�	�	PROPN
cjfa-33342	315	43	+	+	CCONJ
cjfa-33342	315	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	315	45	�	�	PROPN
cjfa-33342	315	46	�	�	PROPN
cjfa-33342	315	47	�	�	PROPN
cjfa-33342	315	48	,	,	PUNCT
cjfa-33342	315	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	315	50	𝑤	𝑤	PART
cjfa-33342	315	51	𝑤	𝑤	NOUN
cjfa-33342	315	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	315	53	𝑤	𝑤	ADP
cjfa-33342	315	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	315	55	(	(	PUNCT
cjfa-33342	315	56	𝑤	𝑤	NOUN
cjfa-33342	315	57	)	)	PUNCT
cjfa-33342	315	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	315	59	�	�	PROPN
cjfa-33342	315	60	�	�	PROPN
cjfa-33342	315	61	�	�	PROPN
cjfa-33342	315	62	(	(	PUNCT
cjfa-33342	315	63	�	�	PROPN
cjfa-33342	315	64	)	)	PUNCT
cjfa-33342	315	65	−	−	PROPN
cjfa-33342	315	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	315	67	�	�	PROPN
cjfa-33342	315	68	(	(	PUNCT
cjfa-33342	315	69	�	�	PROPN
cjfa-33342	315	70	)	)	PUNCT
cjfa-33342	315	71	=	=	SYM
cjfa-33342	316	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	316	2	+	+	ADJ
cjfa-33342	316	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	316	4	�	�	PROPN
cjfa-33342	316	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	316	6	�	�	PROPN
cjfa-33342	316	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	316	8	,	,	PUNCT
cjfa-33342	316	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	316	10	+	+	CCONJ
cjfa-33342	316	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	316	12	)	)	PUNCT
cjfa-33342	316	13	−	−	PROPN
cjfa-33342	316	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	316	15	�	�	PROPN
cjfa-33342	316	16	(	(	PUNCT
cjfa-33342	316	17	�	�	PROPN
cjfa-33342	316	18	)	)	PUNCT
cjfa-33342	316	19	�	�	PROPN
cjfa-33342	316	20	+	+	CCONJ
cjfa-33342	316	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	316	22	�	�	PROPN
cjfa-33342	316	23	�	�	PROPN
cjfa-33342	316	24	�	�	PROPN
cjfa-33342	316	25	�	�	PROPN
cjfa-33342	316	26	�	�	PROPN
cjfa-33342	316	27	(	(	PUNCT
cjfa-33342	316	28	9	9	NUM
cjfa-33342	316	29	)	)	PUNCT
cjfa-33342	316	30	where	where	SCONJ
cjfa-33342	316	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	316	32	�	�	PROPN
cjfa-33342	316	33	�	�	PROPN
cjfa-33342	316	34	�	�	PROPN
cjfa-33342	316	35	�	�	PROPN
cjfa-33342	316	36	(	(	PUNCT
cjfa-33342	316	37	�	�	PROPN
cjfa-33342	316	38	)	)	PUNCT
cjfa-33342	316	39	and	and	CCONJ
cjfa-33342	316	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	316	41	�	�	PROPN
cjfa-33342	316	42	�	�	PROPN
cjfa-33342	316	43	�	�	PROPN
cjfa-33342	316	44	(	(	PUNCT
cjfa-33342	316	45	�	�	PROPN
cjfa-33342	316	46	)	)	PUNCT
cjfa-33342	316	47	are	be	AUX
cjfa-33342	316	48	the	the	DET
cjfa-33342	316	49	forward	forward	ADJ
cjfa-33342	316	50	rates	rate	NOUN
cjfa-33342	316	51	respectively	respectively	ADV
cjfa-33342	316	52	at	at	ADP
cjfa-33342	316	53	time	time	NOUN
cjfa-33342	316	54	t+sm	t+sm	NOUN
cjfa-33342	316	55	and	and	CCONJ
cjfa-33342	316	56	t+k	t+k	NUM
cjfa-33342	316	57	.	.	PUNCT
cjfa-33342	317	1	considering	consider	VERB
cjfa-33342	317	2	the	the	DET
cjfa-33342	317	3	fact	fact	NOUN
cjfa-33342	317	4	that	that	SCONJ
cjfa-33342	317	5	n=2	n=2	PRON
cjfa-33342	317	6	and	and	CCONJ
cjfa-33342	317	7	m=1	m=1	X
cjfa-33342	317	8	in	in	ADP
cjfa-33342	317	9	this	this	DET
cjfa-33342	317	10	study	study	NOUN
cjfa-33342	317	11	,	,	PUNCT
cjfa-33342	317	12	the	the	DET
cjfa-33342	317	13	models	model	NOUN
cjfa-33342	317	14	can	can	AUX
cjfa-33342	317	15	be	be	AUX
cjfa-33342	317	16	rewrite	rewrite	VERB
cjfa-33342	317	17	as	as	SCONJ
cjfa-33342	317	18	follows	follow	VERB
cjfa-33342	317	19	:	:	PUNCT
cjfa-33342	317	20	1	1	NUM
cjfa-33342	317	21	2	2	NUM
cjfa-33342	317	22	(	(	PUNCT
cjfa-33342	317	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	317	24	�	�	PROPN
cjfa-33342	317	25	�	�	PROPN
cjfa-33342	317	26	�	�	PROPN
cjfa-33342	317	27	(	(	PUNCT
cjfa-33342	317	28	�	�	PROPN
cjfa-33342	317	29	)	)	PUNCT
cjfa-33342	317	30	−	−	PROPN
cjfa-33342	317	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	317	32	�	�	PROPN
cjfa-33342	317	33	(	(	PUNCT
cjfa-33342	317	34	�	�	PROPN
cjfa-33342	317	35	)	)	PUNCT
cjfa-33342	317	36	)	)	PUNCT
cjfa-33342	318	1	=	=	PUNCT
cjfa-33342	318	2	∝	∝	NOUN
cjfa-33342	318	3	+	+	CCONJ
cjfa-33342	318	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	318	5	�	�	PROPN
cjfa-33342	318	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	318	7	�	�	PROPN
cjfa-33342	318	8	(	(	PUNCT
cjfa-33342	318	9	�	�	PROPN
cjfa-33342	318	10	)	)	PUNCT
cjfa-33342	318	11	−	−	PROPN
cjfa-33342	319	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	319	2	�	�	PROPN
cjfa-33342	319	3	(	(	PUNCT
cjfa-33342	319	4	�	�	PROPN
cjfa-33342	319	5	)	)	PUNCT
cjfa-33342	319	6	�	�	PROPN
cjfa-33342	319	7	+	+	CCONJ
cjfa-33342	319	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	319	9	�	�	PROPN
cjfa-33342	319	10	�	�	PROPN
cjfa-33342	319	11	�	�	PROPN
cjfa-33342	319	12	,	,	PUNCT
cjfa-33342	319	13	(	(	PUNCT
cjfa-33342	319	14	1𝑤	1𝑤	NUM
cjfa-33342	319	15	)	)	PUNCT
cjfa-33342	319	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	319	17	�	�	PROPN
cjfa-33342	319	18	�	�	PROPN
cjfa-33342	319	19	�	�	PROPN
cjfa-33342	319	20	(	(	PUNCT
cjfa-33342	319	21	�	�	PROPN
cjfa-33342	319	22	)	)	PUNCT
cjfa-33342	319	23	−	−	PROPN
cjfa-33342	320	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	320	2	�	�	PROPN
cjfa-33342	320	3	(	(	PUNCT
cjfa-33342	320	4	�	�	PROPN
cjfa-33342	320	5	)	)	PUNCT
cjfa-33342	320	6	=	=	SYM
cjfa-33342	321	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	321	2	+	+	ADJ
cjfa-33342	321	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	321	4	�	�	NOUN
cjfa-33342	321	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	321	6	�	�	PROPN
cjfa-33342	321	7	(1	(1	NOUN
cjfa-33342	321	8	,	,	PUNCT
cjfa-33342	321	9	2	2	NUM
cjfa-33342	321	10	)	)	PUNCT
cjfa-33342	321	11	−	−	PROPN
cjfa-33342	321	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	321	13	�	�	PROPN
cjfa-33342	321	14	(	(	PUNCT
cjfa-33342	321	15	�	�	PROPN
cjfa-33342	321	16	)	)	PUNCT
cjfa-33342	321	17	�	�	PROPN
cjfa-33342	321	18	+	+	CCONJ
cjfa-33342	321	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	321	20	�	�	PROPN
cjfa-33342	321	21	�	�	PROPN
cjfa-33342	321	22	�	�	PROPN
cjfa-33342	321	23	�	�	PROPN
cjfa-33342	321	24	�	�	PROPN
cjfa-33342	321	25	(	(	PUNCT
cjfa-33342	321	26	11	11	NUM
cjfa-33342	321	27	)	)	PUNCT
cjfa-33342	321	28	in	in	ADP
cjfa-33342	321	29	each	each	DET
cjfa-33342	321	30	equation	equation	NOUN
cjfa-33342	321	31	,	,	PUNCT
cjfa-33342	321	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	321	33	capture	capture	VERB
cjfa-33342	321	34	the	the	DET
cjfa-33342	321	35	predictive	predictive	ADJ
cjfa-33342	321	36	power	power	NOUN
cjfa-33342	321	37	of	of	ADP
cjfa-33342	321	38	the	the	DET
cjfa-33342	321	39	implicit	implicit	ADJ
cjfa-33342	321	40	forward	forward	ADJ
cjfa-33342	321	41	rate	rate	NOUN
cjfa-33342	321	42	in	in	ADP
cjfa-33342	321	43	the	the	DET
cjfa-33342	321	44	current	current	ADJ
cjfa-33342	321	45	term	term	NOUN
cjfa-33342	321	46	structure	structure	NOUN
cjfa-33342	321	47	.	.	PUNCT
cjfa-33342	322	1	indeed	indeed	ADV
cjfa-33342	322	2	,	,	PUNCT
cjfa-33342	322	3	in	in	ADP
cjfa-33342	322	4	(	(	PUNCT
cjfa-33342	322	5	3.6	3.6	NUM
cjfa-33342	322	6	)	)	PUNCT
cjfa-33342	322	7	,	,	PUNCT
cjfa-33342	322	8	the	the	DET
cjfa-33342	322	9	spread	spread	ADJ
cjfa-33342	322	10	�	�	PROPN
cjfa-33342	322	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	322	12	�	�	PROPN
cjfa-33342	322	13	(	(	PUNCT
cjfa-33342	322	14	�	�	PROPN
cjfa-33342	322	15	)	)	PUNCT
cjfa-33342	322	16	−	−	PROPN
cjfa-33342	322	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	322	18	�	�	PROPN
cjfa-33342	322	19	(	(	PUNCT
cjfa-33342	322	20	�	�	PROPN
cjfa-33342	322	21	)	)	PUNCT
cjfa-33342	322	22	�	�	PROPN
cjfa-33342	322	23	is	be	AUX
cjfa-33342	322	24	supposed	suppose	VERB
cjfa-33342	322	25	to	to	PART
cjfa-33342	322	26	be	be	AUX
cjfa-33342	322	27	mathematically	mathematically	ADV
cjfa-33342	322	28	equal	equal	ADJ
cjfa-33342	322	29	to	to	ADP
cjfa-33342	322	30	the	the	DET
cjfa-33342	322	31	half	half	ADJ
cjfa-33342	322	32	rate	rate	NOUN
cjfa-33342	322	33	variation	variation	NOUN
cjfa-33342	322	34	predicted	predict	VERB
cjfa-33342	322	35	by	by	ADP
cjfa-33342	322	36	the	the	DET
cjfa-33342	322	37	implicit	implicit	ADJ
cjfa-33342	322	38	forward	forward	ADJ
cjfa-33342	322	39	rate	rate	NOUN
cjfa-33342	322	40	.	.	PUNCT
cjfa-33342	323	1	it	it	PRON
cjfa-33342	323	2	is	be	AUX
cjfa-33342	323	3	therefore	therefore	ADV
cjfa-33342	323	4	regress	regress	ADJ
cjfa-33342	323	5	on	on	ADP
cjfa-33342	323	6	the	the	DET
cjfa-33342	323	7	realized	realize	VERB
cjfa-33342	323	8	variation	variation	NOUN
cjfa-33342	323	9	in	in	ADP
cjfa-33342	323	10	order	order	NOUN
cjfa-33342	323	11	to	to	PART
cjfa-33342	323	12	know	know	VERB
cjfa-33342	323	13	the	the	DET
cjfa-33342	323	14	predictive	predictive	ADJ
cjfa-33342	323	15	power	power	NOUN
cjfa-33342	323	16	of	of	ADP
cjfa-33342	323	17	the	the	DET
cjfa-33342	323	18	implicit	implicit	ADJ
cjfa-33342	323	19	forward	forward	ADJ
cjfa-33342	323	20	rate	rate	NOUN
cjfa-33342	323	21	.	.	PUNCT
cjfa-33342	324	1	the	the	DET
cjfa-33342	324	2	regression	regression	NOUN
cjfa-33342	324	3	coefficient	coefficient	NOUN
cjfa-33342	324	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	324	5	will	will	AUX
cjfa-33342	324	6	be	be	AUX
cjfa-33342	324	7	equal	equal	ADJ
cjfa-33342	324	8	to	to	ADP
cjfa-33342	324	9	1	1	NUM
cjfa-33342	324	10	if	if	SCONJ
cjfa-33342	324	11	the	the	DET
cjfa-33342	324	12	implicit	implicit	ADJ
cjfa-33342	324	13	forward	forward	ADJ
cjfa-33342	324	14	rate	rate	NOUN
cjfa-33342	324	15	is	be	AUX
cjfa-33342	324	16	a	a	DET
cjfa-33342	324	17	perfect	perfect	ADJ
cjfa-33342	324	18	foresight	foresight	NOUN
cjfa-33342	324	19	indicator	indicator	NOUN
cjfa-33342	324	20	of	of	ADP
cjfa-33342	324	21	short	short	ADJ
cjfa-33342	324	22	terms	term	NOUN
cjfa-33342	324	23	interest	interest	NOUN
cjfa-33342	324	24	rates	rate	NOUN
cjfa-33342	324	25	movements	movement	NOUN
cjfa-33342	324	26	.	.	PUNCT
cjfa-33342	325	1	since	since	SCONJ
cjfa-33342	325	2	(	(	PUNCT
cjfa-33342	325	3	10	10	NUM
cjfa-33342	325	4	)	)	PUNCT
cjfa-33342	325	5	and	and	CCONJ
cjfa-33342	325	6	(	(	PUNCT
cjfa-33342	325	7	11	11	NUM
cjfa-33342	325	8	)	)	PUNCT
cjfa-33342	325	9	are	be	AUX
cjfa-33342	325	10	simple	simple	ADJ
cjfa-33342	325	11	linear	linear	ADJ
cjfa-33342	325	12	regression	regression	NOUN
cjfa-33342	325	13	models	model	NOUN
cjfa-33342	325	14	,	,	PUNCT
cjfa-33342	325	15	all	all	DET
cjfa-33342	325	16	the	the	DET
cjfa-33342	325	17	preliminary	preliminary	ADJ
cjfa-33342	325	18	tests	test	NOUN
cjfa-33342	325	19	of	of	ADP
cjfa-33342	325	20	stationarity	stationarity	NOUN
cjfa-33342	325	21	,	,	PUNCT
cjfa-33342	325	22	co	co	NOUN
cjfa-33342	325	23	-	-	NOUN
cjfa-33342	325	24	integration	integration	NOUN
cjfa-33342	325	25	,	,	PUNCT
cjfa-33342	325	26	normality	normality	NOUN
cjfa-33342	325	27	,	,	PUNCT
cjfa-33342	325	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	325	29	of	of	ADP
cjfa-33342	325	30	errors	error	NOUN
cjfa-33342	325	31	and	and	CCONJ
cjfa-33342	325	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	325	33	were	be	AUX
cjfa-33342	325	34	are	be	AUX
cjfa-33342	325	35	respectively	respectively	ADV
cjfa-33342	325	36	the	the	DET
cjfa-33342	325	37	current	current	ADJ
cjfa-33342	325	38	long	long	ADJ
cjfa-33342	325	39	term	term	NOUN
cjfa-33342	325	40	(	(	PUNCT
cjfa-33342	325	41	n	n	DET
cjfa-33342	325	42	period	period	NOUN
cjfa-33342	325	43	)	)	PUNCT
cjfa-33342	325	44	and	and	CCONJ
cjfa-33342	325	45	short	short	ADJ
cjfa-33342	325	46	term	term	NOUN
cjfa-33342	325	47	(	(	PUNCT
cjfa-33342	325	48	m	m	NOUN
cjfa-33342	325	49	period	period	NOUN
cjfa-33342	325	50	)	)	PUNCT
cjfa-33342	325	51	rate	rate	NOUN
cjfa-33342	325	52	,	,	PUNCT
cjfa-33342	325	53	with	with	ADP
cjfa-33342	325	54	k	k	NOUN
cjfa-33342	325	55	=	=	SYM
cjfa-33342	325	56	n	n	CCONJ
cjfa-33342	325	57	/	/	SYM
cjfa-33342	325	58	m	m	PROPN
cjfa-33342	325	59	,	,	PUNCT
cjfa-33342	325	60	ε	ε	PROPN
cjfa-33342	325	61	is	be	AUX
cjfa-33342	325	62	a	a	PRON
cjfa-33342	325	63	with	with	ADP
cjfa-33342	325	64	noise	noise	NOUN
cjfa-33342	325	65	.	.	PUNCT
cjfa-33342	326	1	in	in	ADP
cjfa-33342	326	2	this	this	DET
cjfa-33342	326	3	study	study	NOUN
cjfa-33342	326	4	,	,	PUNCT
cjfa-33342	326	5	we	we	PRON
cjfa-33342	326	6	only	only	ADV
cjfa-33342	326	7	used	use	VERB
cjfa-33342	326	8	the	the	DET
cjfa-33342	326	9	models	model	NOUN
cjfa-33342	326	10	(	(	PUNCT
cjfa-33342	326	11	5	5	NUM
cjfa-33342	326	12	)	)	PUNCT
cjfa-33342	326	13	and	and	CCONJ
cjfa-33342	326	14	(	(	PUNCT
cjfa-33342	326	15	6	6	NUM
cjfa-33342	326	16	)	)	PUNCT
cjfa-33342	326	17	,	,	PUNCT
cjfa-33342	326	18	for	for	ADP
cjfa-33342	326	19	the	the	DET
cjfa-33342	326	20	model	model	NOUN
cjfa-33342	326	21	(	(	PUNCT
cjfa-33342	326	22	7	7	NUM
cjfa-33342	326	23	)	)	PUNCT
cjfa-33342	326	24	assumes	assume	VERB
cjfa-33342	326	25	that	that	SCONJ
cjfa-33342	326	26	k>2	k>2	PROPN
cjfa-33342	326	27	.	.	PUNCT
cjfa-33342	327	1	since	since	SCONJ
cjfa-33342	327	2	we	we	PRON
cjfa-33342	327	3	are	be	AUX
cjfa-33342	327	4	not	not	PART
cjfa-33342	327	5	testing	test	VERB
cjfa-33342	327	6	the	the	DET
cjfa-33342	327	7	rational	rational	ADJ
cjfa-33342	327	8	expectations	expectation	NOUN
cjfa-33342	327	9	hypothesis	hypothesis	NOUN
cjfa-33342	327	10	,	,	PUNCT
cjfa-33342	327	11	those	those	DET
cjfa-33342	327	12	models	model	NOUN
cjfa-33342	327	13	were	be	AUX
cjfa-33342	327	14	reformulated	reformulate	VERB
cjfa-33342	327	15	to	to	PART
cjfa-33342	327	16	test	test	VERB
cjfa-33342	327	17	the	the	DET
cjfa-33342	327	18	predictive	predictive	ADJ
cjfa-33342	327	19	power	power	NOUN
cjfa-33342	327	20	of	of	ADP
cjfa-33342	327	21	the	the	DET
cjfa-33342	327	22	implicit	implicit	ADJ
cjfa-33342	327	23	forward	forward	ADJ
cjfa-33342	327	24	rate	rate	NOUN
cjfa-33342	327	25	as	as	SCONJ
cjfa-33342	327	26	follows	follow	VERB
cjfa-33342	327	27	:	:	PUNCT
cjfa-33342	328	1	1	1	NUM
cjfa-33342	328	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	328	3	�	�	PROPN
cjfa-33342	328	4	(	(	PUNCT
cjfa-33342	328	5	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	328	6	�	�	PROPN
cjfa-33342	328	7	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	8	�	�	PROPN
cjfa-33342	328	9	�	�	PROPN
cjfa-33342	328	10	�	�	PROPN
cjfa-33342	328	11	�	�	PROPN
cjfa-33342	328	12	(	(	PUNCT
cjfa-33342	328	13	�	�	PROPN
cjfa-33342	328	14	)	)	PUNCT
cjfa-33342	328	15	−	−	PROPN
cjfa-33342	328	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	17	�	�	PROPN
cjfa-33342	328	18	(	(	PUNCT
cjfa-33342	328	19	�	�	PROPN
cjfa-33342	328	20	)	)	PUNCT
cjfa-33342	328	21	)	)	PUNCT
cjfa-33342	328	22	�	�	PROPN
cjfa-33342	328	23	�	�	PROPN
cjfa-33342	328	24	�	�	PROPN
cjfa-33342	328	25	�	�	PROPN
cjfa-33342	328	26	�	�	PROPN
cjfa-33342	328	27	�	�	PROPN
cjfa-33342	328	28	=	=	PUNCT
cjfa-33342	328	29	∝	∝	PROPN
cjfa-33342	328	30	+	+	CCONJ
cjfa-33342	328	31	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	328	32	�	�	PROPN
cjfa-33342	328	33	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	328	34	�	�	PROPN
cjfa-33342	328	35	(	(	PUNCT
cjfa-33342	328	36	�	�	PROPN
cjfa-33342	328	37	)	)	PUNCT
cjfa-33342	328	38	−	−	PROPN
cjfa-33342	328	39	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	40	�	�	PROPN
cjfa-33342	328	41	(	(	PUNCT
cjfa-33342	328	42	�	�	PROPN
cjfa-33342	328	43	)	)	PUNCT
cjfa-33342	328	44	�	�	PROPN
cjfa-33342	328	45	+	+	CCONJ
cjfa-33342	328	46	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	328	47	�	�	PROPN
cjfa-33342	328	48	�	�	PROPN
cjfa-33342	328	49	�	�	PROPN
cjfa-33342	328	50	,	,	PUNCT
cjfa-33342	328	51	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	328	52	𝑤	𝑤	PART
cjfa-33342	328	53	𝑤	𝑤	NOUN
cjfa-33342	328	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	328	55	𝑤	𝑤	ADP
cjfa-33342	328	56	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	328	57	(	(	PUNCT
cjfa-33342	328	58	𝑤	𝑤	NOUN
cjfa-33342	328	59	)	)	PUNCT
cjfa-33342	328	60	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	328	61	�	�	PROPN
cjfa-33342	328	62	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	63	�	�	PROPN
cjfa-33342	328	64	�	�	PROPN
cjfa-33342	328	65	�	�	PROPN
cjfa-33342	328	66	(	(	PUNCT
cjfa-33342	328	67	�	�	PROPN
cjfa-33342	328	68	)	)	PUNCT
cjfa-33342	328	69	−	−	PROPN
cjfa-33342	328	70	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	71	�	�	PROPN
cjfa-33342	328	72	(	(	PUNCT
cjfa-33342	328	73	�	�	PROPN
cjfa-33342	328	74	)	)	PUNCT
cjfa-33342	328	75	=	=	SYM
cjfa-33342	328	76	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	328	77	+	+	ADJ
cjfa-33342	328	78	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	328	79	�	�	PROPN
cjfa-33342	328	80	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	328	81	�	�	PROPN
cjfa-33342	328	82	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	328	83	,	,	PUNCT
cjfa-33342	328	84	𝑘𝑘	𝑘𝑘	X
cjfa-33342	328	85	+	+	CCONJ
cjfa-33342	328	86	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	328	87	)	)	PUNCT
cjfa-33342	328	88	−	−	PROPN
cjfa-33342	328	89	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	328	90	�	�	PROPN
cjfa-33342	328	91	(	(	PUNCT
cjfa-33342	328	92	�	�	PROPN
cjfa-33342	328	93	)	)	PUNCT
cjfa-33342	328	94	�	�	PROPN
cjfa-33342	328	95	+	+	CCONJ
cjfa-33342	328	96	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	328	97	�	�	PROPN
cjfa-33342	328	98	�	�	PROPN
cjfa-33342	328	99	�	�	PROPN
cjfa-33342	328	100	�	�	PROPN
cjfa-33342	328	101	�	�	PROPN
cjfa-33342	328	102	(	(	PUNCT
cjfa-33342	328	103	6	6	NUM
cjfa-33342	328	104	)	)	PUNCT
cjfa-33342	328	105	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	328	106	�	�	PROPN
cjfa-33342	328	107	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	328	108	�	�	PROPN
cjfa-33342	328	109	�	�	PROPN
cjfa-33342	328	110	�	�	PROPN
cjfa-33342	328	111	(	(	PUNCT
cjfa-33342	328	112	�	�	PROPN
cjfa-33342	328	113	�	�	PROPN
cjfa-33342	328	114	�	�	PROPN
cjfa-33342	328	115	)	)	PUNCT
cjfa-33342	328	116	−	−	PROPN
cjfa-33342	328	117	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	328	118	�	�	PROPN
cjfa-33342	328	119	(	(	PUNCT
cjfa-33342	328	120	�	�	PROPN
cjfa-33342	328	121	)	)	PUNCT
cjfa-33342	328	122	=	=	SYM
cjfa-33342	329	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	329	2	+	+	NOUN
cjfa-33342	329	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	329	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	329	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	329	6	−	−	NOUN
cjfa-33342	329	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	329	8	�	�	PROPN
cjfa-33342	329	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	329	10	�	�	PROPN
cjfa-33342	329	11	(	(	PUNCT
cjfa-33342	329	12	�	�	PROPN
cjfa-33342	329	13	)	)	PUNCT
cjfa-33342	329	14	−	−	PROPN
cjfa-33342	330	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	330	2	�	�	PROPN
cjfa-33342	330	3	(	(	PUNCT
cjfa-33342	330	4	�	�	PROPN
cjfa-33342	330	5	)	)	PUNCT
cjfa-33342	330	6	�	�	PROPN
cjfa-33342	330	7	+	+	CCONJ
cjfa-33342	330	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	330	9	�	�	PROPN
cjfa-33342	330	10	�	�	PROPN
cjfa-33342	330	11	�	�	PROPN
cjfa-33342	330	12	(	(	PUNCT
cjfa-33342	330	13	7	7	NUM
cjfa-33342	330	14	)	)	PUNCT
cjfa-33342	330	15	where	where	SCONJ
cjfa-33342	330	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	330	17	�	�	PROPN
cjfa-33342	330	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	330	19	�	�	PROPN
cjfa-33342	330	20	�	�	PROPN
cjfa-33342	330	21	�	�	PROPN
cjfa-33342	330	22	�	�	PROPN
cjfa-33342	330	23	(	(	PUNCT
cjfa-33342	330	24	�	�	PROPN
cjfa-33342	330	25	)	)	PUNCT
cjfa-33342	330	26	,	,	PUNCT
cjfa-33342	330	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	330	28	�	�	PROPN
cjfa-33342	330	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	330	30	�	�	PROPN
cjfa-33342	330	31	�	�	PROPN
cjfa-33342	330	32	�	�	PROPN
cjfa-33342	330	33	(	(	PUNCT
cjfa-33342	330	34	�	�	PROPN
cjfa-33342	330	35	)	)	PUNCT
cjfa-33342	330	36	and	and	CCONJ
cjfa-33342	330	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	330	38	�	�	PROPN
cjfa-33342	330	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	330	40	�	�	PROPN
cjfa-33342	330	41	�	�	PROPN
cjfa-33342	330	42	�	�	PROPN
cjfa-33342	330	43	(	(	PUNCT
cjfa-33342	330	44	�	�	PROPN
cjfa-33342	330	45	�	�	PROPN
cjfa-33342	330	46	�	�	PROPN
cjfa-33342	330	47	)	)	PUNCT
cjfa-33342	330	48	are	be	AUX
cjfa-33342	330	49	the	the	DET
cjfa-33342	330	50	rational	rational	ADJ
cjfa-33342	330	51	expected	expect	VERB
cjfa-33342	330	52	rates	rate	NOUN
cjfa-33342	330	53	,	,	PUNCT
cjfa-33342	330	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	330	55	�	�	PROPN
cjfa-33342	330	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	330	57	,	,	PUNCT
cjfa-33342	330	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	330	59	+	+	CCONJ
cjfa-33342	330	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	330	61	)	)	PUNCT
cjfa-33342	330	62	is	be	AUX
cjfa-33342	330	63	the	the	DET
cjfa-33342	330	64	implicit	implicit	ADJ
cjfa-33342	330	65	forward	forward	ADJ
cjfa-33342	330	66	rate	rate	NOUN
cjfa-33342	330	67	in	in	ADP
cjfa-33342	330	68	the	the	DET
cjfa-33342	330	69	current	current	ADJ
cjfa-33342	330	70	term	term	NOUN
cjfa-33342	330	71	structure	structure	NOUN
cjfa-33342	330	72	,	,	PUNCT
cjfa-33342	330	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	330	74	�	�	PROPN
cjfa-33342	330	75	(	(	PUNCT
cjfa-33342	330	76	�	�	PROPN
cjfa-33342	330	77	)	)	PUNCT
cjfa-33342	330	78	and	and	CCONJ
cjfa-33342	330	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	330	80	�	�	PROPN
cjfa-33342	330	81	(	(	PUNCT
cjfa-33342	330	82	�	�	PROPN
cjfa-33342	330	83	)	)	PUNCT
cjfa-33342	330	84	are	be	AUX
cjfa-33342	330	85	respectively	respectively	ADV
cjfa-33342	330	86	the	the	DET
cjfa-33342	330	87	current	current	ADJ
cjfa-33342	330	88	long	long	ADJ
cjfa-33342	330	89	term	term	NOUN
cjfa-33342	330	90	(	(	PUNCT
cjfa-33342	330	91	n	n	DET
cjfa-33342	330	92	period	period	NOUN
cjfa-33342	330	93	)	)	PUNCT
cjfa-33342	330	94	and	and	CCONJ
cjfa-33342	330	95	short	short	ADJ
cjfa-33342	330	96	term	term	NOUN
cjfa-33342	330	97	(	(	PUNCT
cjfa-33342	330	98	m	m	NOUN
cjfa-33342	330	99	period	period	NOUN
cjfa-33342	330	100	)	)	PUNCT
cjfa-33342	330	101	rate	rate	NOUN
cjfa-33342	330	102	,	,	PUNCT
cjfa-33342	330	103	with	with	ADP
cjfa-33342	330	104	k	k	NOUN
cjfa-33342	330	105	=	=	SYM
cjfa-33342	330	106	n	n	CCONJ
cjfa-33342	330	107	/	/	SYM
cjfa-33342	330	108	m	m	PROPN
cjfa-33342	330	109	,	,	PUNCT
cjfa-33342	330	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	330	111	is	be	AUX
cjfa-33342	330	112	a	a	PRON
cjfa-33342	330	113	with	with	ADP
cjfa-33342	330	114	noise	noise	NOUN
cjfa-33342	330	115	.	.	PUNCT
cjfa-33342	331	1	in	in	ADP
cjfa-33342	331	2	this	this	DET
cjfa-33342	331	3	study	study	NOUN
cjfa-33342	331	4	,	,	PUNCT
cjfa-33342	331	5	we	we	PRON
cjfa-33342	331	6	only	only	ADV
cjfa-33342	331	7	used	use	VERB
cjfa-33342	331	8	the	the	DET
cjfa-33342	331	9	models	model	NOUN
cjfa-33342	331	10	(	(	PUNCT
cjfa-33342	331	11	5	5	NUM
cjfa-33342	331	12	)	)	PUNCT
cjfa-33342	331	13	and	and	CCONJ
cjfa-33342	331	14	(	(	PUNCT
cjfa-33342	331	15	6	6	NUM
cjfa-33342	331	16	)	)	PUNCT
cjfa-33342	331	17	,	,	PUNCT
cjfa-33342	331	18	for	for	ADP
cjfa-33342	331	19	the	the	DET
cjfa-33342	331	20	model	model	NOUN
cjfa-33342	331	21	(	(	PUNCT
cjfa-33342	331	22	7	7	NUM
cjfa-33342	331	23	)	)	PUNCT
cjfa-33342	331	24	assumes	assume	VERB
cjfa-33342	331	25	that	that	SCONJ
cjfa-33342	331	26	k>2	k>2	PROPN
cjfa-33342	331	27	.	.	PUNCT
cjfa-33342	332	1	since	since	SCONJ
cjfa-33342	332	2	we	we	PRON
cjfa-33342	332	3	are	be	AUX
cjfa-33342	332	4	not	not	PART
cjfa-33342	332	5	testing	test	VERB
cjfa-33342	332	6	the	the	DET
cjfa-33342	332	7	rational	rational	ADJ
cjfa-33342	332	8	expectations	expectation	NOUN
cjfa-33342	332	9	hypothesis	hypothesis	NOUN
cjfa-33342	332	10	,	,	PUNCT
cjfa-33342	332	11	those	those	DET
cjfa-33342	332	12	models	model	NOUN
cjfa-33342	332	13	were	be	AUX
cjfa-33342	332	14	reformulated	reformulate	VERB
cjfa-33342	332	15	to	to	PART
cjfa-33342	332	16	test	test	VERB
cjfa-33342	332	17	the	the	DET
cjfa-33342	332	18	predictive	predictive	ADJ
cjfa-33342	332	19	power	power	NOUN
cjfa-33342	332	20	of	of	ADP
cjfa-33342	332	21	the	the	DET
cjfa-33342	332	22	implicit	implicit	ADJ
cjfa-33342	332	23	forward	forward	ADJ
cjfa-33342	332	24	rate	rate	NOUN
cjfa-33342	332	25	as	as	SCONJ
cjfa-33342	332	26	follows	follow	VERB
cjfa-33342	332	27	:	:	PUNCT
cjfa-33342	333	1	1	1	NUM
cjfa-33342	333	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	333	3	�	�	PROPN
cjfa-33342	333	4	(	(	PUNCT
cjfa-33342	333	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	333	6	�	�	PROPN
cjfa-33342	333	7	�	�	PROPN
cjfa-33342	333	8	�	�	PROPN
cjfa-33342	333	9	�	�	PROPN
cjfa-33342	333	10	(	(	PUNCT
cjfa-33342	333	11	�	�	PROPN
cjfa-33342	333	12	)	)	PUNCT
cjfa-33342	333	13	−	−	PROPN
cjfa-33342	333	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	333	15	�	�	PROPN
cjfa-33342	333	16	(	(	PUNCT
cjfa-33342	333	17	�	�	PROPN
cjfa-33342	333	18	)	)	PUNCT
cjfa-33342	333	19	)	)	PUNCT
cjfa-33342	333	20	�	�	PROPN
cjfa-33342	333	21	�	�	PROPN
cjfa-33342	333	22	�	�	PROPN
cjfa-33342	333	23	�	�	PROPN
cjfa-33342	333	24	�	�	PROPN
cjfa-33342	333	25	�	�	PROPN
cjfa-33342	333	26	=	=	PUNCT
cjfa-33342	333	27	∝	∝	PROPN
cjfa-33342	333	28	+	+	CCONJ
cjfa-33342	333	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	333	30	�	�	PROPN
cjfa-33342	333	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	333	32	�	�	PROPN
cjfa-33342	333	33	(	(	PUNCT
cjfa-33342	333	34	�	�	PROPN
cjfa-33342	333	35	)	)	PUNCT
cjfa-33342	333	36	−	−	PROPN
cjfa-33342	333	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	333	38	�	�	PROPN
cjfa-33342	333	39	(	(	PUNCT
cjfa-33342	333	40	�	�	PROPN
cjfa-33342	333	41	)	)	PUNCT
cjfa-33342	333	42	�	�	PROPN
cjfa-33342	333	43	+	+	CCONJ
cjfa-33342	333	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	333	45	�	�	PROPN
cjfa-33342	333	46	�	�	PROPN
cjfa-33342	333	47	�	�	PROPN
cjfa-33342	333	48	,	,	PUNCT
cjfa-33342	333	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	333	50	𝑤	𝑤	PART
cjfa-33342	333	51	𝑤	𝑤	NOUN
cjfa-33342	333	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	333	53	𝑤	𝑤	ADP
cjfa-33342	333	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	333	55	(	(	PUNCT
cjfa-33342	333	56	𝑤	𝑤	NOUN
cjfa-33342	333	57	)	)	PUNCT
cjfa-33342	333	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	333	59	�	�	PROPN
cjfa-33342	333	60	�	�	PROPN
cjfa-33342	333	61	�	�	PROPN
cjfa-33342	333	62	(	(	PUNCT
cjfa-33342	333	63	�	�	PROPN
cjfa-33342	333	64	)	)	PUNCT
cjfa-33342	333	65	−	−	PROPN
cjfa-33342	333	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	333	67	�	�	PROPN
cjfa-33342	333	68	(	(	PUNCT
cjfa-33342	333	69	�	�	PROPN
cjfa-33342	333	70	)	)	PUNCT
cjfa-33342	333	71	=	=	SYM
cjfa-33342	334	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	334	2	+	+	ADJ
cjfa-33342	334	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	334	4	�	�	PROPN
cjfa-33342	334	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	334	6	�	�	PROPN
cjfa-33342	334	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	334	8	,	,	PUNCT
cjfa-33342	334	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	334	10	+	+	CCONJ
cjfa-33342	334	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	334	12	)	)	PUNCT
cjfa-33342	334	13	−	−	PROPN
cjfa-33342	334	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	334	15	�	�	PROPN
cjfa-33342	334	16	(	(	PUNCT
cjfa-33342	334	17	�	�	PROPN
cjfa-33342	334	18	)	)	PUNCT
cjfa-33342	334	19	�	�	PROPN
cjfa-33342	334	20	+	+	CCONJ
cjfa-33342	334	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	334	22	�	�	PROPN
cjfa-33342	334	23	�	�	PROPN
cjfa-33342	334	24	�	�	PROPN
cjfa-33342	334	25	�	�	PROPN
cjfa-33342	334	26	�	�	PROPN
cjfa-33342	334	27	(	(	PUNCT
cjfa-33342	334	28	9	9	NUM
cjfa-33342	334	29	)	)	PUNCT
cjfa-33342	334	30	where	where	SCONJ
cjfa-33342	334	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	334	32	�	�	PROPN
cjfa-33342	334	33	�	�	PROPN
cjfa-33342	334	34	�	�	PROPN
cjfa-33342	334	35	�	�	PROPN
cjfa-33342	334	36	(	(	PUNCT
cjfa-33342	334	37	�	�	PROPN
cjfa-33342	334	38	)	)	PUNCT
cjfa-33342	334	39	and	and	CCONJ
cjfa-33342	334	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	334	41	�	�	PROPN
cjfa-33342	334	42	�	�	PROPN
cjfa-33342	334	43	�	�	PROPN
cjfa-33342	334	44	(	(	PUNCT
cjfa-33342	334	45	�	�	PROPN
cjfa-33342	334	46	)	)	PUNCT
cjfa-33342	334	47	are	be	AUX
cjfa-33342	334	48	the	the	DET
cjfa-33342	334	49	forward	forward	ADJ
cjfa-33342	334	50	rates	rate	NOUN
cjfa-33342	334	51	respectively	respectively	ADV
cjfa-33342	334	52	at	at	ADP
cjfa-33342	334	53	time	time	NOUN
cjfa-33342	334	54	t+sm	t+sm	NOUN
cjfa-33342	334	55	and	and	CCONJ
cjfa-33342	334	56	t+k	t+k	NUM
cjfa-33342	334	57	.	.	PUNCT
cjfa-33342	335	1	considering	consider	VERB
cjfa-33342	335	2	the	the	DET
cjfa-33342	335	3	fact	fact	NOUN
cjfa-33342	335	4	that	that	SCONJ
cjfa-33342	335	5	n=2	n=2	PRON
cjfa-33342	335	6	and	and	CCONJ
cjfa-33342	335	7	m=1	m=1	X
cjfa-33342	335	8	in	in	ADP
cjfa-33342	335	9	this	this	DET
cjfa-33342	335	10	study	study	NOUN
cjfa-33342	335	11	,	,	PUNCT
cjfa-33342	335	12	the	the	DET
cjfa-33342	335	13	models	model	NOUN
cjfa-33342	335	14	can	can	AUX
cjfa-33342	335	15	be	be	AUX
cjfa-33342	335	16	rewrite	rewrite	VERB
cjfa-33342	335	17	as	as	SCONJ
cjfa-33342	335	18	follows	follow	VERB
cjfa-33342	335	19	:	:	PUNCT
cjfa-33342	335	20	1	1	NUM
cjfa-33342	335	21	2	2	NUM
cjfa-33342	335	22	(	(	PUNCT
cjfa-33342	335	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	335	24	�	�	PROPN
cjfa-33342	335	25	�	�	PROPN
cjfa-33342	335	26	�	�	PROPN
cjfa-33342	335	27	(	(	PUNCT
cjfa-33342	335	28	�	�	PROPN
cjfa-33342	335	29	)	)	PUNCT
cjfa-33342	335	30	−	−	PROPN
cjfa-33342	335	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	335	32	�	�	PROPN
cjfa-33342	335	33	(	(	PUNCT
cjfa-33342	335	34	�	�	PROPN
cjfa-33342	335	35	)	)	PUNCT
cjfa-33342	335	36	)	)	PUNCT
cjfa-33342	336	1	=	=	PUNCT
cjfa-33342	336	2	∝	∝	NOUN
cjfa-33342	336	3	+	+	CCONJ
cjfa-33342	336	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	336	5	�	�	PROPN
cjfa-33342	336	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	336	7	�	�	PROPN
cjfa-33342	336	8	(	(	PUNCT
cjfa-33342	336	9	�	�	PROPN
cjfa-33342	336	10	)	)	PUNCT
cjfa-33342	336	11	−	−	PROPN
cjfa-33342	337	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	337	2	�	�	PROPN
cjfa-33342	337	3	(	(	PUNCT
cjfa-33342	337	4	�	�	PROPN
cjfa-33342	337	5	)	)	PUNCT
cjfa-33342	337	6	�	�	PROPN
cjfa-33342	337	7	+	+	CCONJ
cjfa-33342	337	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	337	9	�	�	PROPN
cjfa-33342	337	10	�	�	PROPN
cjfa-33342	337	11	�	�	PROPN
cjfa-33342	337	12	,	,	PUNCT
cjfa-33342	337	13	(	(	PUNCT
cjfa-33342	337	14	1𝑤	1𝑤	NUM
cjfa-33342	337	15	)	)	PUNCT
cjfa-33342	337	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	337	17	�	�	PROPN
cjfa-33342	337	18	�	�	PROPN
cjfa-33342	337	19	�	�	PROPN
cjfa-33342	337	20	(	(	PUNCT
cjfa-33342	337	21	�	�	PROPN
cjfa-33342	337	22	)	)	PUNCT
cjfa-33342	337	23	−	−	PROPN
cjfa-33342	338	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	338	2	�	�	PROPN
cjfa-33342	338	3	(	(	PUNCT
cjfa-33342	338	4	�	�	PROPN
cjfa-33342	338	5	)	)	PUNCT
cjfa-33342	338	6	=	=	SYM
cjfa-33342	339	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	339	2	+	+	ADJ
cjfa-33342	339	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	339	4	�	�	NOUN
cjfa-33342	339	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	339	6	�	�	PROPN
cjfa-33342	339	7	(1	(1	NOUN
cjfa-33342	339	8	,	,	PUNCT
cjfa-33342	339	9	2	2	NUM
cjfa-33342	339	10	)	)	PUNCT
cjfa-33342	339	11	−	−	PROPN
cjfa-33342	339	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	339	13	�	�	PROPN
cjfa-33342	339	14	(	(	PUNCT
cjfa-33342	339	15	�	�	PROPN
cjfa-33342	339	16	)	)	PUNCT
cjfa-33342	339	17	�	�	PROPN
cjfa-33342	339	18	+	+	CCONJ
cjfa-33342	339	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	339	20	�	�	PROPN
cjfa-33342	339	21	�	�	PROPN
cjfa-33342	339	22	�	�	PROPN
cjfa-33342	339	23	�	�	PROPN
cjfa-33342	339	24	�	�	PROPN
cjfa-33342	339	25	(	(	PUNCT
cjfa-33342	339	26	11	11	NUM
cjfa-33342	339	27	)	)	PUNCT
cjfa-33342	339	28	in	in	ADP
cjfa-33342	339	29	each	each	DET
cjfa-33342	339	30	equation	equation	NOUN
cjfa-33342	339	31	,	,	PUNCT
cjfa-33342	339	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	339	33	capture	capture	VERB
cjfa-33342	339	34	the	the	DET
cjfa-33342	339	35	predictive	predictive	ADJ
cjfa-33342	339	36	power	power	NOUN
cjfa-33342	339	37	of	of	ADP
cjfa-33342	339	38	the	the	DET
cjfa-33342	339	39	implicit	implicit	ADJ
cjfa-33342	339	40	forward	forward	ADJ
cjfa-33342	339	41	rate	rate	NOUN
cjfa-33342	339	42	in	in	ADP
cjfa-33342	339	43	the	the	DET
cjfa-33342	339	44	current	current	ADJ
cjfa-33342	339	45	term	term	NOUN
cjfa-33342	339	46	structure	structure	NOUN
cjfa-33342	339	47	.	.	PUNCT
cjfa-33342	340	1	indeed	indeed	ADV
cjfa-33342	340	2	,	,	PUNCT
cjfa-33342	340	3	in	in	ADP
cjfa-33342	340	4	(	(	PUNCT
cjfa-33342	340	5	3.6	3.6	NUM
cjfa-33342	340	6	)	)	PUNCT
cjfa-33342	340	7	,	,	PUNCT
cjfa-33342	340	8	the	the	DET
cjfa-33342	340	9	spread	spread	ADJ
cjfa-33342	340	10	�	�	PROPN
cjfa-33342	340	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	340	12	�	�	PROPN
cjfa-33342	340	13	(	(	PUNCT
cjfa-33342	340	14	�	�	PROPN
cjfa-33342	340	15	)	)	PUNCT
cjfa-33342	340	16	−	−	PROPN
cjfa-33342	340	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	340	18	�	�	PROPN
cjfa-33342	340	19	(	(	PUNCT
cjfa-33342	340	20	�	�	PROPN
cjfa-33342	340	21	)	)	PUNCT
cjfa-33342	340	22	�	�	PROPN
cjfa-33342	340	23	is	be	AUX
cjfa-33342	340	24	supposed	suppose	VERB
cjfa-33342	340	25	to	to	PART
cjfa-33342	340	26	be	be	AUX
cjfa-33342	340	27	mathematically	mathematically	ADV
cjfa-33342	340	28	equal	equal	ADJ
cjfa-33342	340	29	to	to	ADP
cjfa-33342	340	30	the	the	DET
cjfa-33342	340	31	half	half	ADJ
cjfa-33342	340	32	rate	rate	NOUN
cjfa-33342	340	33	variation	variation	NOUN
cjfa-33342	340	34	predicted	predict	VERB
cjfa-33342	340	35	by	by	ADP
cjfa-33342	340	36	the	the	DET
cjfa-33342	340	37	implicit	implicit	ADJ
cjfa-33342	340	38	forward	forward	ADJ
cjfa-33342	340	39	rate	rate	NOUN
cjfa-33342	340	40	.	.	PUNCT
cjfa-33342	341	1	it	it	PRON
cjfa-33342	341	2	is	be	AUX
cjfa-33342	341	3	therefore	therefore	ADV
cjfa-33342	341	4	regress	regress	ADJ
cjfa-33342	341	5	on	on	ADP
cjfa-33342	341	6	the	the	DET
cjfa-33342	341	7	realized	realize	VERB
cjfa-33342	341	8	variation	variation	NOUN
cjfa-33342	341	9	in	in	ADP
cjfa-33342	341	10	order	order	NOUN
cjfa-33342	341	11	to	to	PART
cjfa-33342	341	12	know	know	VERB
cjfa-33342	341	13	the	the	DET
cjfa-33342	341	14	predictive	predictive	ADJ
cjfa-33342	341	15	power	power	NOUN
cjfa-33342	341	16	of	of	ADP
cjfa-33342	341	17	the	the	DET
cjfa-33342	341	18	implicit	implicit	ADJ
cjfa-33342	341	19	forward	forward	ADJ
cjfa-33342	341	20	rate	rate	NOUN
cjfa-33342	341	21	.	.	PUNCT
cjfa-33342	342	1	the	the	DET
cjfa-33342	342	2	regression	regression	NOUN
cjfa-33342	342	3	coefficient	coefficient	NOUN
cjfa-33342	342	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	342	5	will	will	AUX
cjfa-33342	342	6	be	be	AUX
cjfa-33342	342	7	equal	equal	ADJ
cjfa-33342	342	8	to	to	ADP
cjfa-33342	342	9	1	1	NUM
cjfa-33342	342	10	if	if	SCONJ
cjfa-33342	342	11	the	the	DET
cjfa-33342	342	12	implicit	implicit	ADJ
cjfa-33342	342	13	forward	forward	ADJ
cjfa-33342	342	14	rate	rate	NOUN
cjfa-33342	342	15	is	be	AUX
cjfa-33342	342	16	a	a	DET
cjfa-33342	342	17	perfect	perfect	ADJ
cjfa-33342	342	18	foresight	foresight	NOUN
cjfa-33342	342	19	indicator	indicator	NOUN
cjfa-33342	342	20	of	of	ADP
cjfa-33342	342	21	short	short	ADJ
cjfa-33342	342	22	terms	term	NOUN
cjfa-33342	342	23	interest	interest	NOUN
cjfa-33342	342	24	rates	rate	NOUN
cjfa-33342	342	25	movements	movement	NOUN
cjfa-33342	342	26	.	.	PUNCT
cjfa-33342	343	1	since	since	SCONJ
cjfa-33342	343	2	(	(	PUNCT
cjfa-33342	343	3	10	10	NUM
cjfa-33342	343	4	)	)	PUNCT
cjfa-33342	343	5	and	and	CCONJ
cjfa-33342	343	6	(	(	PUNCT
cjfa-33342	343	7	11	11	NUM
cjfa-33342	343	8	)	)	PUNCT
cjfa-33342	343	9	are	be	AUX
cjfa-33342	343	10	simple	simple	ADJ
cjfa-33342	343	11	linear	linear	ADJ
cjfa-33342	343	12	regression	regression	NOUN
cjfa-33342	343	13	models	model	NOUN
cjfa-33342	343	14	,	,	PUNCT
cjfa-33342	343	15	all	all	DET
cjfa-33342	343	16	the	the	DET
cjfa-33342	343	17	preliminary	preliminary	ADJ
cjfa-33342	343	18	tests	test	NOUN
cjfa-33342	343	19	of	of	ADP
cjfa-33342	343	20	stationarity	stationarity	NOUN
cjfa-33342	343	21	,	,	PUNCT
cjfa-33342	343	22	co	co	NOUN
cjfa-33342	343	23	-	-	NOUN
cjfa-33342	343	24	integration	integration	NOUN
cjfa-33342	343	25	,	,	PUNCT
cjfa-33342	343	26	normality	normality	NOUN
cjfa-33342	343	27	,	,	PUNCT
cjfa-33342	343	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	343	29	of	of	ADP
cjfa-33342	343	30	errors	error	NOUN
cjfa-33342	343	31	and	and	CCONJ
cjfa-33342	343	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	343	33	were	be	AUX
cjfa-33342	343	34	(	(	PUNCT
cjfa-33342	343	35	8)	8)	NUM
cjfa-33342	343	36	hans	hans	PROPN
cjfa-33342	343	37	patrick	patrick	PROPN
cjfa-33342	343	38	bidias	bidias	PROPN
cjfa-33342	343	39	-	-	PUNCT
cjfa-33342	343	40	menik	menik	NOUN
cjfa-33342	343	41	,	,	PUNCT
cjfa-33342	343	42	simplice	simplice	NOUN
cjfa-33342	343	43	gaël	gaël	PROPN
cjfa-33342	343	44	tonmo52	tonmo52	NOUN
cjfa-33342	343	45	1	1	NUM
cjfa-33342	343	46	𝑘𝑘	𝑘𝑘	PROPN
cjfa-33342	343	47	�	�	PROPN
cjfa-33342	343	48	(	(	PUNCT
cjfa-33342	343	49	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	343	50	�	�	PROPN
cjfa-33342	343	51	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	343	52	�	�	PROPN
cjfa-33342	343	53	�	�	PROPN
cjfa-33342	343	54	�	�	PROPN
cjfa-33342	343	55	�	�	PROPN
cjfa-33342	343	56	(	(	PUNCT
cjfa-33342	343	57	�	�	PROPN
cjfa-33342	343	58	)	)	PUNCT
cjfa-33342	343	59	−	−	PROPN
cjfa-33342	344	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	344	2	�	�	PROPN
cjfa-33342	344	3	(	(	PUNCT
cjfa-33342	344	4	�	�	PROPN
cjfa-33342	344	5	)	)	PUNCT
cjfa-33342	344	6	)	)	PUNCT
cjfa-33342	344	7	�	�	PROPN
cjfa-33342	344	8	�	�	PROPN
cjfa-33342	344	9	�	�	PROPN
cjfa-33342	344	10	�	�	PROPN
cjfa-33342	344	11	�	�	PROPN
cjfa-33342	344	12	�	�	PROPN
cjfa-33342	344	13	=	=	PUNCT
cjfa-33342	344	14	∝	∝	PROPN
cjfa-33342	344	15	+	+	CCONJ
cjfa-33342	344	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	344	17	�	�	PROPN
cjfa-33342	344	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	344	19	�	�	PROPN
cjfa-33342	344	20	(	(	PUNCT
cjfa-33342	344	21	�	�	PROPN
cjfa-33342	344	22	)	)	PUNCT
cjfa-33342	344	23	−	−	PROPN
cjfa-33342	344	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	344	25	�	�	PROPN
cjfa-33342	344	26	(	(	PUNCT
cjfa-33342	344	27	�	�	PROPN
cjfa-33342	344	28	)	)	PUNCT
cjfa-33342	344	29	�	�	PROPN
cjfa-33342	344	30	+	+	CCONJ
cjfa-33342	344	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	344	32	�	�	PROPN
cjfa-33342	344	33	�	�	PROPN
cjfa-33342	344	34	�	�	PROPN
cjfa-33342	344	35	,	,	PUNCT
cjfa-33342	344	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	344	37	𝑤	𝑤	PART
cjfa-33342	344	38	𝑤	𝑤	NOUN
cjfa-33342	344	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	344	40	𝑤	𝑤	ADP
cjfa-33342	344	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	344	42	(	(	PUNCT
cjfa-33342	344	43	𝑤	𝑤	NOUN
cjfa-33342	344	44	)	)	PUNCT
cjfa-33342	344	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	344	46	�	�	PROPN
cjfa-33342	344	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	344	48	�	�	PROPN
cjfa-33342	344	49	�	�	PROPN
cjfa-33342	344	50	�	�	PROPN
cjfa-33342	344	51	(	(	PUNCT
cjfa-33342	344	52	�	�	PROPN
cjfa-33342	344	53	)	)	PUNCT
cjfa-33342	344	54	−	−	PROPN
cjfa-33342	345	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	345	2	�	�	PROPN
cjfa-33342	345	3	(	(	PUNCT
cjfa-33342	345	4	�	�	PROPN
cjfa-33342	345	5	)	)	PUNCT
cjfa-33342	345	6	=	=	SYM
cjfa-33342	346	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	346	2	+	+	ADJ
cjfa-33342	346	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	346	4	�	�	PROPN
cjfa-33342	346	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	346	6	�	�	PROPN
cjfa-33342	346	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	346	8	,	,	PUNCT
cjfa-33342	346	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	346	10	+	+	CCONJ
cjfa-33342	346	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	346	12	)	)	PUNCT
cjfa-33342	346	13	−	−	PROPN
cjfa-33342	346	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	346	15	�	�	PROPN
cjfa-33342	346	16	(	(	PUNCT
cjfa-33342	346	17	�	�	PROPN
cjfa-33342	346	18	)	)	PUNCT
cjfa-33342	346	19	�	�	PROPN
cjfa-33342	346	20	+	+	CCONJ
cjfa-33342	346	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	346	22	�	�	PROPN
cjfa-33342	346	23	�	�	PROPN
cjfa-33342	346	24	�	�	PROPN
cjfa-33342	346	25	�	�	PROPN
cjfa-33342	346	26	�	�	PROPN
cjfa-33342	346	27	(	(	PUNCT
cjfa-33342	346	28	6	6	NUM
cjfa-33342	346	29	)	)	PUNCT
cjfa-33342	346	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	346	31	�	�	PROPN
cjfa-33342	346	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	346	33	�	�	PROPN
cjfa-33342	346	34	�	�	PROPN
cjfa-33342	346	35	�	�	PROPN
cjfa-33342	346	36	(	(	PUNCT
cjfa-33342	346	37	�	�	PROPN
cjfa-33342	346	38	�	�	PROPN
cjfa-33342	346	39	�	�	PROPN
cjfa-33342	346	40	)	)	PUNCT
cjfa-33342	347	1	−	−	PROPN
cjfa-33342	347	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	347	3	�	�	PROPN
cjfa-33342	347	4	(	(	PUNCT
cjfa-33342	347	5	�	�	PROPN
cjfa-33342	347	6	)	)	PUNCT
cjfa-33342	347	7	=	=	SYM
cjfa-33342	348	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	348	2	+	+	NOUN
cjfa-33342	348	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	348	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	348	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	348	6	−	−	NOUN
cjfa-33342	348	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	348	8	�	�	PROPN
cjfa-33342	348	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	348	10	�	�	PROPN
cjfa-33342	348	11	(	(	PUNCT
cjfa-33342	348	12	�	�	PROPN
cjfa-33342	348	13	)	)	PUNCT
cjfa-33342	348	14	−	−	PROPN
cjfa-33342	349	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	349	2	�	�	PROPN
cjfa-33342	349	3	(	(	PUNCT
cjfa-33342	349	4	�	�	PROPN
cjfa-33342	349	5	)	)	PUNCT
cjfa-33342	349	6	�	�	PROPN
cjfa-33342	349	7	+	+	CCONJ
cjfa-33342	349	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	349	9	�	�	PROPN
cjfa-33342	349	10	�	�	PROPN
cjfa-33342	349	11	�	�	PROPN
cjfa-33342	349	12	(	(	PUNCT
cjfa-33342	349	13	7	7	NUM
cjfa-33342	349	14	)	)	PUNCT
cjfa-33342	349	15	where	where	SCONJ
cjfa-33342	349	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	349	17	�	�	PROPN
cjfa-33342	349	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	349	19	�	�	PROPN
cjfa-33342	349	20	�	�	PROPN
cjfa-33342	349	21	�	�	PROPN
cjfa-33342	349	22	�	�	PROPN
cjfa-33342	349	23	(	(	PUNCT
cjfa-33342	349	24	�	�	PROPN
cjfa-33342	349	25	)	)	PUNCT
cjfa-33342	349	26	,	,	PUNCT
cjfa-33342	349	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	349	28	�	�	PROPN
cjfa-33342	349	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	349	30	�	�	PROPN
cjfa-33342	349	31	�	�	PROPN
cjfa-33342	349	32	�	�	PROPN
cjfa-33342	349	33	(	(	PUNCT
cjfa-33342	349	34	�	�	PROPN
cjfa-33342	349	35	)	)	PUNCT
cjfa-33342	349	36	and	and	CCONJ
cjfa-33342	349	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	349	38	�	�	PROPN
cjfa-33342	349	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	349	40	�	�	PROPN
cjfa-33342	349	41	�	�	PROPN
cjfa-33342	349	42	�	�	PROPN
cjfa-33342	349	43	(	(	PUNCT
cjfa-33342	349	44	�	�	PROPN
cjfa-33342	349	45	�	�	PROPN
cjfa-33342	349	46	�	�	PROPN
cjfa-33342	349	47	)	)	PUNCT
cjfa-33342	349	48	are	be	AUX
cjfa-33342	349	49	the	the	DET
cjfa-33342	349	50	rational	rational	ADJ
cjfa-33342	349	51	expected	expect	VERB
cjfa-33342	349	52	rates	rate	NOUN
cjfa-33342	349	53	,	,	PUNCT
cjfa-33342	349	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	349	55	�	�	PROPN
cjfa-33342	349	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	349	57	,	,	PUNCT
cjfa-33342	349	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	349	59	+	+	CCONJ
cjfa-33342	349	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	349	61	)	)	PUNCT
cjfa-33342	349	62	is	be	AUX
cjfa-33342	349	63	the	the	DET
cjfa-33342	349	64	implicit	implicit	ADJ
cjfa-33342	349	65	forward	forward	ADJ
cjfa-33342	349	66	rate	rate	NOUN
cjfa-33342	349	67	in	in	ADP
cjfa-33342	349	68	the	the	DET
cjfa-33342	349	69	current	current	ADJ
cjfa-33342	349	70	term	term	NOUN
cjfa-33342	349	71	structure	structure	NOUN
cjfa-33342	349	72	,	,	PUNCT
cjfa-33342	349	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	349	74	�	�	PROPN
cjfa-33342	349	75	(	(	PUNCT
cjfa-33342	349	76	�	�	PROPN
cjfa-33342	349	77	)	)	PUNCT
cjfa-33342	349	78	and	and	CCONJ
cjfa-33342	349	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	349	80	�	�	PROPN
cjfa-33342	349	81	(	(	PUNCT
cjfa-33342	349	82	�	�	PROPN
cjfa-33342	349	83	)	)	PUNCT
cjfa-33342	349	84	are	be	AUX
cjfa-33342	349	85	respectively	respectively	ADV
cjfa-33342	349	86	the	the	DET
cjfa-33342	349	87	current	current	ADJ
cjfa-33342	349	88	long	long	ADJ
cjfa-33342	349	89	term	term	NOUN
cjfa-33342	349	90	(	(	PUNCT
cjfa-33342	349	91	n	n	DET
cjfa-33342	349	92	period	period	NOUN
cjfa-33342	349	93	)	)	PUNCT
cjfa-33342	349	94	and	and	CCONJ
cjfa-33342	349	95	short	short	ADJ
cjfa-33342	349	96	term	term	NOUN
cjfa-33342	349	97	(	(	PUNCT
cjfa-33342	349	98	m	m	NOUN
cjfa-33342	349	99	period	period	NOUN
cjfa-33342	349	100	)	)	PUNCT
cjfa-33342	349	101	rate	rate	NOUN
cjfa-33342	349	102	,	,	PUNCT
cjfa-33342	349	103	with	with	ADP
cjfa-33342	349	104	k	k	NOUN
cjfa-33342	349	105	=	=	SYM
cjfa-33342	349	106	n	n	CCONJ
cjfa-33342	349	107	/	/	SYM
cjfa-33342	349	108	m	m	PROPN
cjfa-33342	349	109	,	,	PUNCT
cjfa-33342	349	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	349	111	is	be	AUX
cjfa-33342	349	112	a	a	PRON
cjfa-33342	349	113	with	with	ADP
cjfa-33342	349	114	noise	noise	NOUN
cjfa-33342	349	115	.	.	PUNCT
cjfa-33342	350	1	in	in	ADP
cjfa-33342	350	2	this	this	DET
cjfa-33342	350	3	study	study	NOUN
cjfa-33342	350	4	,	,	PUNCT
cjfa-33342	350	5	we	we	PRON
cjfa-33342	350	6	only	only	ADV
cjfa-33342	350	7	used	use	VERB
cjfa-33342	350	8	the	the	DET
cjfa-33342	350	9	models	model	NOUN
cjfa-33342	350	10	(	(	PUNCT
cjfa-33342	350	11	5	5	NUM
cjfa-33342	350	12	)	)	PUNCT
cjfa-33342	350	13	and	and	CCONJ
cjfa-33342	350	14	(	(	PUNCT
cjfa-33342	350	15	6	6	NUM
cjfa-33342	350	16	)	)	PUNCT
cjfa-33342	350	17	,	,	PUNCT
cjfa-33342	350	18	for	for	ADP
cjfa-33342	350	19	the	the	DET
cjfa-33342	350	20	model	model	NOUN
cjfa-33342	350	21	(	(	PUNCT
cjfa-33342	350	22	7	7	NUM
cjfa-33342	350	23	)	)	PUNCT
cjfa-33342	350	24	assumes	assume	VERB
cjfa-33342	350	25	that	that	SCONJ
cjfa-33342	350	26	k>2	k>2	PROPN
cjfa-33342	350	27	.	.	PUNCT
cjfa-33342	351	1	since	since	SCONJ
cjfa-33342	351	2	we	we	PRON
cjfa-33342	351	3	are	be	AUX
cjfa-33342	351	4	not	not	PART
cjfa-33342	351	5	testing	test	VERB
cjfa-33342	351	6	the	the	DET
cjfa-33342	351	7	rational	rational	ADJ
cjfa-33342	351	8	expectations	expectation	NOUN
cjfa-33342	351	9	hypothesis	hypothesis	NOUN
cjfa-33342	351	10	,	,	PUNCT
cjfa-33342	351	11	those	those	DET
cjfa-33342	351	12	models	model	NOUN
cjfa-33342	351	13	were	be	AUX
cjfa-33342	351	14	reformulated	reformulate	VERB
cjfa-33342	351	15	to	to	PART
cjfa-33342	351	16	test	test	VERB
cjfa-33342	351	17	the	the	DET
cjfa-33342	351	18	predictive	predictive	ADJ
cjfa-33342	351	19	power	power	NOUN
cjfa-33342	351	20	of	of	ADP
cjfa-33342	351	21	the	the	DET
cjfa-33342	351	22	implicit	implicit	ADJ
cjfa-33342	351	23	forward	forward	ADJ
cjfa-33342	351	24	rate	rate	NOUN
cjfa-33342	351	25	as	as	SCONJ
cjfa-33342	351	26	follows	follow	VERB
cjfa-33342	351	27	:	:	PUNCT
cjfa-33342	352	1	1	1	NUM
cjfa-33342	352	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	352	3	�	�	PROPN
cjfa-33342	352	4	(	(	PUNCT
cjfa-33342	352	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	352	6	�	�	PROPN
cjfa-33342	352	7	�	�	PROPN
cjfa-33342	352	8	�	�	PROPN
cjfa-33342	352	9	�	�	PROPN
cjfa-33342	352	10	(	(	PUNCT
cjfa-33342	352	11	�	�	PROPN
cjfa-33342	352	12	)	)	PUNCT
cjfa-33342	352	13	−	−	PROPN
cjfa-33342	352	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	352	15	�	�	PROPN
cjfa-33342	352	16	(	(	PUNCT
cjfa-33342	352	17	�	�	PROPN
cjfa-33342	352	18	)	)	PUNCT
cjfa-33342	352	19	)	)	PUNCT
cjfa-33342	352	20	�	�	PROPN
cjfa-33342	352	21	�	�	PROPN
cjfa-33342	352	22	�	�	PROPN
cjfa-33342	352	23	�	�	PROPN
cjfa-33342	352	24	�	�	PROPN
cjfa-33342	352	25	�	�	PROPN
cjfa-33342	352	26	=	=	PUNCT
cjfa-33342	352	27	∝	∝	PROPN
cjfa-33342	352	28	+	+	CCONJ
cjfa-33342	352	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	352	30	�	�	PROPN
cjfa-33342	352	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	352	32	�	�	PROPN
cjfa-33342	352	33	(	(	PUNCT
cjfa-33342	352	34	�	�	PROPN
cjfa-33342	352	35	)	)	PUNCT
cjfa-33342	352	36	−	−	PROPN
cjfa-33342	352	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	352	38	�	�	PROPN
cjfa-33342	352	39	(	(	PUNCT
cjfa-33342	352	40	�	�	PROPN
cjfa-33342	352	41	)	)	PUNCT
cjfa-33342	352	42	�	�	PROPN
cjfa-33342	352	43	+	+	CCONJ
cjfa-33342	352	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	352	45	�	�	PROPN
cjfa-33342	352	46	�	�	PROPN
cjfa-33342	352	47	�	�	PROPN
cjfa-33342	352	48	,	,	PUNCT
cjfa-33342	352	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	352	50	𝑤	𝑤	PART
cjfa-33342	352	51	𝑤	𝑤	NOUN
cjfa-33342	352	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	352	53	𝑤	𝑤	ADP
cjfa-33342	352	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	352	55	(	(	PUNCT
cjfa-33342	352	56	𝑤	𝑤	NOUN
cjfa-33342	352	57	)	)	PUNCT
cjfa-33342	352	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	352	59	�	�	PROPN
cjfa-33342	352	60	�	�	PROPN
cjfa-33342	352	61	�	�	PROPN
cjfa-33342	352	62	(	(	PUNCT
cjfa-33342	352	63	�	�	PROPN
cjfa-33342	352	64	)	)	PUNCT
cjfa-33342	352	65	−	−	PROPN
cjfa-33342	352	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	352	67	�	�	PROPN
cjfa-33342	352	68	(	(	PUNCT
cjfa-33342	352	69	�	�	PROPN
cjfa-33342	352	70	)	)	PUNCT
cjfa-33342	352	71	=	=	SYM
cjfa-33342	353	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	353	2	+	+	ADJ
cjfa-33342	353	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	353	4	�	�	PROPN
cjfa-33342	353	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	353	6	�	�	PROPN
cjfa-33342	353	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	353	8	,	,	PUNCT
cjfa-33342	353	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	353	10	+	+	CCONJ
cjfa-33342	353	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	353	12	)	)	PUNCT
cjfa-33342	353	13	−	−	PROPN
cjfa-33342	353	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	353	15	�	�	PROPN
cjfa-33342	353	16	(	(	PUNCT
cjfa-33342	353	17	�	�	PROPN
cjfa-33342	353	18	)	)	PUNCT
cjfa-33342	353	19	�	�	PROPN
cjfa-33342	353	20	+	+	CCONJ
cjfa-33342	353	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	353	22	�	�	PROPN
cjfa-33342	353	23	�	�	PROPN
cjfa-33342	353	24	�	�	PROPN
cjfa-33342	353	25	�	�	PROPN
cjfa-33342	353	26	�	�	PROPN
cjfa-33342	353	27	(	(	PUNCT
cjfa-33342	353	28	9	9	NUM
cjfa-33342	353	29	)	)	PUNCT
cjfa-33342	353	30	where	where	SCONJ
cjfa-33342	353	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	353	32	�	�	PROPN
cjfa-33342	353	33	�	�	PROPN
cjfa-33342	353	34	�	�	PROPN
cjfa-33342	353	35	�	�	PROPN
cjfa-33342	353	36	(	(	PUNCT
cjfa-33342	353	37	�	�	PROPN
cjfa-33342	353	38	)	)	PUNCT
cjfa-33342	353	39	and	and	CCONJ
cjfa-33342	353	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	353	41	�	�	PROPN
cjfa-33342	353	42	�	�	PROPN
cjfa-33342	353	43	�	�	PROPN
cjfa-33342	353	44	(	(	PUNCT
cjfa-33342	353	45	�	�	PROPN
cjfa-33342	353	46	)	)	PUNCT
cjfa-33342	353	47	are	be	AUX
cjfa-33342	353	48	the	the	DET
cjfa-33342	353	49	forward	forward	ADJ
cjfa-33342	353	50	rates	rate	NOUN
cjfa-33342	353	51	respectively	respectively	ADV
cjfa-33342	353	52	at	at	ADP
cjfa-33342	353	53	time	time	NOUN
cjfa-33342	353	54	t+sm	t+sm	NOUN
cjfa-33342	353	55	and	and	CCONJ
cjfa-33342	353	56	t+k	t+k	NUM
cjfa-33342	353	57	.	.	PUNCT
cjfa-33342	354	1	considering	consider	VERB
cjfa-33342	354	2	the	the	DET
cjfa-33342	354	3	fact	fact	NOUN
cjfa-33342	354	4	that	that	SCONJ
cjfa-33342	354	5	n=2	n=2	PRON
cjfa-33342	354	6	and	and	CCONJ
cjfa-33342	354	7	m=1	m=1	X
cjfa-33342	354	8	in	in	ADP
cjfa-33342	354	9	this	this	DET
cjfa-33342	354	10	study	study	NOUN
cjfa-33342	354	11	,	,	PUNCT
cjfa-33342	354	12	the	the	DET
cjfa-33342	354	13	models	model	NOUN
cjfa-33342	354	14	can	can	AUX
cjfa-33342	354	15	be	be	AUX
cjfa-33342	354	16	rewrite	rewrite	VERB
cjfa-33342	354	17	as	as	SCONJ
cjfa-33342	354	18	follows	follow	VERB
cjfa-33342	354	19	:	:	PUNCT
cjfa-33342	354	20	1	1	NUM
cjfa-33342	354	21	2	2	NUM
cjfa-33342	354	22	(	(	PUNCT
cjfa-33342	354	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	354	24	�	�	PROPN
cjfa-33342	354	25	�	�	PROPN
cjfa-33342	354	26	�	�	PROPN
cjfa-33342	354	27	(	(	PUNCT
cjfa-33342	354	28	�	�	PROPN
cjfa-33342	354	29	)	)	PUNCT
cjfa-33342	354	30	−	−	PROPN
cjfa-33342	354	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	354	32	�	�	PROPN
cjfa-33342	354	33	(	(	PUNCT
cjfa-33342	354	34	�	�	PROPN
cjfa-33342	354	35	)	)	PUNCT
cjfa-33342	354	36	)	)	PUNCT
cjfa-33342	355	1	=	=	PUNCT
cjfa-33342	355	2	∝	∝	NOUN
cjfa-33342	355	3	+	+	CCONJ
cjfa-33342	355	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	355	5	�	�	PROPN
cjfa-33342	355	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	355	7	�	�	PROPN
cjfa-33342	355	8	(	(	PUNCT
cjfa-33342	355	9	�	�	PROPN
cjfa-33342	355	10	)	)	PUNCT
cjfa-33342	355	11	−	−	PROPN
cjfa-33342	356	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	356	2	�	�	PROPN
cjfa-33342	356	3	(	(	PUNCT
cjfa-33342	356	4	�	�	PROPN
cjfa-33342	356	5	)	)	PUNCT
cjfa-33342	356	6	�	�	PROPN
cjfa-33342	356	7	+	+	CCONJ
cjfa-33342	356	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	356	9	�	�	PROPN
cjfa-33342	356	10	�	�	PROPN
cjfa-33342	356	11	�	�	PROPN
cjfa-33342	356	12	,	,	PUNCT
cjfa-33342	356	13	(	(	PUNCT
cjfa-33342	356	14	1𝑤	1𝑤	NUM
cjfa-33342	356	15	)	)	PUNCT
cjfa-33342	356	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	356	17	�	�	PROPN
cjfa-33342	356	18	�	�	PROPN
cjfa-33342	356	19	�	�	PROPN
cjfa-33342	356	20	(	(	PUNCT
cjfa-33342	356	21	�	�	PROPN
cjfa-33342	356	22	)	)	PUNCT
cjfa-33342	356	23	−	−	PROPN
cjfa-33342	357	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	357	2	�	�	PROPN
cjfa-33342	357	3	(	(	PUNCT
cjfa-33342	357	4	�	�	PROPN
cjfa-33342	357	5	)	)	PUNCT
cjfa-33342	357	6	=	=	SYM
cjfa-33342	358	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	358	2	+	+	ADJ
cjfa-33342	358	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	358	4	�	�	NOUN
cjfa-33342	358	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	358	6	�	�	PROPN
cjfa-33342	358	7	(1	(1	NOUN
cjfa-33342	358	8	,	,	PUNCT
cjfa-33342	358	9	2	2	NUM
cjfa-33342	358	10	)	)	PUNCT
cjfa-33342	358	11	−	−	PROPN
cjfa-33342	358	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	358	13	�	�	PROPN
cjfa-33342	358	14	(	(	PUNCT
cjfa-33342	358	15	�	�	PROPN
cjfa-33342	358	16	)	)	PUNCT
cjfa-33342	358	17	�	�	PROPN
cjfa-33342	358	18	+	+	CCONJ
cjfa-33342	358	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	358	20	�	�	PROPN
cjfa-33342	358	21	�	�	PROPN
cjfa-33342	358	22	�	�	PROPN
cjfa-33342	358	23	�	�	PROPN
cjfa-33342	358	24	�	�	PROPN
cjfa-33342	358	25	(	(	PUNCT
cjfa-33342	358	26	11	11	NUM
cjfa-33342	358	27	)	)	PUNCT
cjfa-33342	358	28	in	in	ADP
cjfa-33342	358	29	each	each	DET
cjfa-33342	358	30	equation	equation	NOUN
cjfa-33342	358	31	,	,	PUNCT
cjfa-33342	358	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	358	33	capture	capture	VERB
cjfa-33342	358	34	the	the	DET
cjfa-33342	358	35	predictive	predictive	ADJ
cjfa-33342	358	36	power	power	NOUN
cjfa-33342	358	37	of	of	ADP
cjfa-33342	358	38	the	the	DET
cjfa-33342	358	39	implicit	implicit	ADJ
cjfa-33342	358	40	forward	forward	ADJ
cjfa-33342	358	41	rate	rate	NOUN
cjfa-33342	358	42	in	in	ADP
cjfa-33342	358	43	the	the	DET
cjfa-33342	358	44	current	current	ADJ
cjfa-33342	358	45	term	term	NOUN
cjfa-33342	358	46	structure	structure	NOUN
cjfa-33342	358	47	.	.	PUNCT
cjfa-33342	359	1	indeed	indeed	ADV
cjfa-33342	359	2	,	,	PUNCT
cjfa-33342	359	3	in	in	ADP
cjfa-33342	359	4	(	(	PUNCT
cjfa-33342	359	5	3.6	3.6	NUM
cjfa-33342	359	6	)	)	PUNCT
cjfa-33342	359	7	,	,	PUNCT
cjfa-33342	359	8	the	the	DET
cjfa-33342	359	9	spread	spread	ADJ
cjfa-33342	359	10	�	�	PROPN
cjfa-33342	359	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	359	12	�	�	PROPN
cjfa-33342	359	13	(	(	PUNCT
cjfa-33342	359	14	�	�	PROPN
cjfa-33342	359	15	)	)	PUNCT
cjfa-33342	359	16	−	−	PROPN
cjfa-33342	359	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	359	18	�	�	PROPN
cjfa-33342	359	19	(	(	PUNCT
cjfa-33342	359	20	�	�	PROPN
cjfa-33342	359	21	)	)	PUNCT
cjfa-33342	359	22	�	�	PROPN
cjfa-33342	359	23	is	be	AUX
cjfa-33342	359	24	supposed	suppose	VERB
cjfa-33342	359	25	to	to	PART
cjfa-33342	359	26	be	be	AUX
cjfa-33342	359	27	mathematically	mathematically	ADV
cjfa-33342	359	28	equal	equal	ADJ
cjfa-33342	359	29	to	to	ADP
cjfa-33342	359	30	the	the	DET
cjfa-33342	359	31	half	half	ADJ
cjfa-33342	359	32	rate	rate	NOUN
cjfa-33342	359	33	variation	variation	NOUN
cjfa-33342	359	34	predicted	predict	VERB
cjfa-33342	359	35	by	by	ADP
cjfa-33342	359	36	the	the	DET
cjfa-33342	359	37	implicit	implicit	ADJ
cjfa-33342	359	38	forward	forward	ADJ
cjfa-33342	359	39	rate	rate	NOUN
cjfa-33342	359	40	.	.	PUNCT
cjfa-33342	360	1	it	it	PRON
cjfa-33342	360	2	is	be	AUX
cjfa-33342	360	3	therefore	therefore	ADV
cjfa-33342	360	4	regress	regress	ADJ
cjfa-33342	360	5	on	on	ADP
cjfa-33342	360	6	the	the	DET
cjfa-33342	360	7	realized	realize	VERB
cjfa-33342	360	8	variation	variation	NOUN
cjfa-33342	360	9	in	in	ADP
cjfa-33342	360	10	order	order	NOUN
cjfa-33342	360	11	to	to	PART
cjfa-33342	360	12	know	know	VERB
cjfa-33342	360	13	the	the	DET
cjfa-33342	360	14	predictive	predictive	ADJ
cjfa-33342	360	15	power	power	NOUN
cjfa-33342	360	16	of	of	ADP
cjfa-33342	360	17	the	the	DET
cjfa-33342	360	18	implicit	implicit	ADJ
cjfa-33342	360	19	forward	forward	ADJ
cjfa-33342	360	20	rate	rate	NOUN
cjfa-33342	360	21	.	.	PUNCT
cjfa-33342	361	1	the	the	DET
cjfa-33342	361	2	regression	regression	NOUN
cjfa-33342	361	3	coefficient	coefficient	NOUN
cjfa-33342	361	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	361	5	will	will	AUX
cjfa-33342	361	6	be	be	AUX
cjfa-33342	361	7	equal	equal	ADJ
cjfa-33342	361	8	to	to	ADP
cjfa-33342	361	9	1	1	NUM
cjfa-33342	361	10	if	if	SCONJ
cjfa-33342	361	11	the	the	DET
cjfa-33342	361	12	implicit	implicit	ADJ
cjfa-33342	361	13	forward	forward	ADJ
cjfa-33342	361	14	rate	rate	NOUN
cjfa-33342	361	15	is	be	AUX
cjfa-33342	361	16	a	a	DET
cjfa-33342	361	17	perfect	perfect	ADJ
cjfa-33342	361	18	foresight	foresight	NOUN
cjfa-33342	361	19	indicator	indicator	NOUN
cjfa-33342	361	20	of	of	ADP
cjfa-33342	361	21	short	short	ADJ
cjfa-33342	361	22	terms	term	NOUN
cjfa-33342	361	23	interest	interest	NOUN
cjfa-33342	361	24	rates	rate	NOUN
cjfa-33342	361	25	movements	movement	NOUN
cjfa-33342	361	26	.	.	PUNCT
cjfa-33342	362	1	since	since	SCONJ
cjfa-33342	362	2	(	(	PUNCT
cjfa-33342	362	3	10	10	NUM
cjfa-33342	362	4	)	)	PUNCT
cjfa-33342	362	5	and	and	CCONJ
cjfa-33342	362	6	(	(	PUNCT
cjfa-33342	362	7	11	11	NUM
cjfa-33342	362	8	)	)	PUNCT
cjfa-33342	362	9	are	be	AUX
cjfa-33342	362	10	simple	simple	ADJ
cjfa-33342	362	11	linear	linear	ADJ
cjfa-33342	362	12	regression	regression	NOUN
cjfa-33342	362	13	models	model	NOUN
cjfa-33342	362	14	,	,	PUNCT
cjfa-33342	362	15	all	all	DET
cjfa-33342	362	16	the	the	DET
cjfa-33342	362	17	preliminary	preliminary	ADJ
cjfa-33342	362	18	tests	test	NOUN
cjfa-33342	362	19	of	of	ADP
cjfa-33342	362	20	stationarity	stationarity	NOUN
cjfa-33342	362	21	,	,	PUNCT
cjfa-33342	362	22	co	co	NOUN
cjfa-33342	362	23	-	-	NOUN
cjfa-33342	362	24	integration	integration	NOUN
cjfa-33342	362	25	,	,	PUNCT
cjfa-33342	362	26	normality	normality	NOUN
cjfa-33342	362	27	,	,	PUNCT
cjfa-33342	362	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	362	29	of	of	ADP
cjfa-33342	362	30	errors	error	NOUN
cjfa-33342	362	31	and	and	CCONJ
cjfa-33342	362	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	362	33	were	be	AUX
cjfa-33342	362	34	(	(	PUNCT
cjfa-33342	362	35	9	9	NUM
cjfa-33342	362	36	)	)	PUNCT
cjfa-33342	363	1	where	where	SCONJ
cjfa-33342	363	2	1	1	NUM
cjfa-33342	363	3	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	363	4	�	�	PROPN
cjfa-33342	363	5	(	(	PUNCT
cjfa-33342	363	6	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	363	7	�	�	PROPN
cjfa-33342	363	8	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	363	9	�	�	PROPN
cjfa-33342	363	10	�	�	PROPN
cjfa-33342	363	11	�	�	PROPN
cjfa-33342	363	12	�	�	PROPN
cjfa-33342	363	13	(	(	PUNCT
cjfa-33342	363	14	�	�	PROPN
cjfa-33342	363	15	)	)	PUNCT
cjfa-33342	363	16	−	−	PROPN
cjfa-33342	363	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	363	18	�	�	PROPN
cjfa-33342	363	19	(	(	PUNCT
cjfa-33342	363	20	�	�	PROPN
cjfa-33342	363	21	)	)	PUNCT
cjfa-33342	363	22	)	)	PUNCT
cjfa-33342	363	23	�	�	PROPN
cjfa-33342	363	24	�	�	PROPN
cjfa-33342	363	25	�	�	PROPN
cjfa-33342	363	26	�	�	PROPN
cjfa-33342	363	27	�	�	PROPN
cjfa-33342	363	28	�	�	PROPN
cjfa-33342	363	29	=	=	PUNCT
cjfa-33342	363	30	∝	∝	PROPN
cjfa-33342	363	31	+	+	CCONJ
cjfa-33342	363	32	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	363	33	�	�	PROPN
cjfa-33342	363	34	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	363	35	�	�	PROPN
cjfa-33342	363	36	(	(	PUNCT
cjfa-33342	363	37	�	�	PROPN
cjfa-33342	363	38	)	)	PUNCT
cjfa-33342	363	39	−	−	PROPN
cjfa-33342	363	40	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	363	41	�	�	PROPN
cjfa-33342	363	42	(	(	PUNCT
cjfa-33342	363	43	�	�	PROPN
cjfa-33342	363	44	)	)	PUNCT
cjfa-33342	363	45	�	�	PROPN
cjfa-33342	363	46	+	+	CCONJ
cjfa-33342	363	47	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	363	48	�	�	PROPN
cjfa-33342	363	49	�	�	PROPN
cjfa-33342	363	50	�	�	PROPN
cjfa-33342	363	51	,	,	PUNCT
cjfa-33342	363	52	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	363	53	𝑤	𝑤	PART
cjfa-33342	363	54	𝑤	𝑤	NOUN
cjfa-33342	363	55	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	363	56	𝑤	𝑤	ADP
cjfa-33342	363	57	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	363	58	(	(	PUNCT
cjfa-33342	363	59	𝑤	𝑤	NOUN
cjfa-33342	363	60	)	)	PUNCT
cjfa-33342	363	61	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	363	62	�	�	PROPN
cjfa-33342	363	63	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	363	64	�	�	PROPN
cjfa-33342	363	65	�	�	PROPN
cjfa-33342	363	66	�	�	PROPN
cjfa-33342	363	67	(	(	PUNCT
cjfa-33342	363	68	�	�	PROPN
cjfa-33342	363	69	)	)	PUNCT
cjfa-33342	363	70	−	−	PROPN
cjfa-33342	364	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	364	2	�	�	PROPN
cjfa-33342	364	3	(	(	PUNCT
cjfa-33342	364	4	�	�	PROPN
cjfa-33342	364	5	)	)	PUNCT
cjfa-33342	364	6	=	=	SYM
cjfa-33342	365	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	365	2	+	+	ADJ
cjfa-33342	365	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	365	4	�	�	PROPN
cjfa-33342	365	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	365	6	�	�	PROPN
cjfa-33342	365	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	365	8	,	,	PUNCT
cjfa-33342	365	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	365	10	+	+	CCONJ
cjfa-33342	365	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	365	12	)	)	PUNCT
cjfa-33342	365	13	−	−	PROPN
cjfa-33342	365	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	365	15	�	�	PROPN
cjfa-33342	365	16	(	(	PUNCT
cjfa-33342	365	17	�	�	PROPN
cjfa-33342	365	18	)	)	PUNCT
cjfa-33342	365	19	�	�	PROPN
cjfa-33342	365	20	+	+	CCONJ
cjfa-33342	365	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	365	22	�	�	PROPN
cjfa-33342	365	23	�	�	PROPN
cjfa-33342	365	24	�	�	PROPN
cjfa-33342	365	25	�	�	PROPN
cjfa-33342	365	26	�	�	PROPN
cjfa-33342	365	27	(	(	PUNCT
cjfa-33342	365	28	6	6	NUM
cjfa-33342	365	29	)	)	PUNCT
cjfa-33342	365	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	365	31	�	�	PROPN
cjfa-33342	365	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	365	33	�	�	PROPN
cjfa-33342	365	34	�	�	PROPN
cjfa-33342	365	35	�	�	PROPN
cjfa-33342	365	36	(	(	PUNCT
cjfa-33342	365	37	�	�	PROPN
cjfa-33342	365	38	�	�	PROPN
cjfa-33342	365	39	�	�	PROPN
cjfa-33342	365	40	)	)	PUNCT
cjfa-33342	366	1	−	−	PROPN
cjfa-33342	366	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	366	3	�	�	PROPN
cjfa-33342	366	4	(	(	PUNCT
cjfa-33342	366	5	�	�	PROPN
cjfa-33342	366	6	)	)	PUNCT
cjfa-33342	366	7	=	=	SYM
cjfa-33342	367	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	367	2	+	+	NOUN
cjfa-33342	367	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	367	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	367	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	367	6	−	−	NOUN
cjfa-33342	367	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	367	8	�	�	PROPN
cjfa-33342	367	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	367	10	�	�	PROPN
cjfa-33342	367	11	(	(	PUNCT
cjfa-33342	367	12	�	�	PROPN
cjfa-33342	367	13	)	)	PUNCT
cjfa-33342	367	14	−	−	PROPN
cjfa-33342	368	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	368	2	�	�	PROPN
cjfa-33342	368	3	(	(	PUNCT
cjfa-33342	368	4	�	�	PROPN
cjfa-33342	368	5	)	)	PUNCT
cjfa-33342	368	6	�	�	PROPN
cjfa-33342	368	7	+	+	CCONJ
cjfa-33342	368	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	368	9	�	�	PROPN
cjfa-33342	368	10	�	�	PROPN
cjfa-33342	368	11	�	�	PROPN
cjfa-33342	368	12	(	(	PUNCT
cjfa-33342	368	13	7	7	NUM
cjfa-33342	368	14	)	)	PUNCT
cjfa-33342	368	15	where	where	SCONJ
cjfa-33342	368	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	368	17	�	�	PROPN
cjfa-33342	368	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	368	19	�	�	PROPN
cjfa-33342	368	20	�	�	PROPN
cjfa-33342	368	21	�	�	PROPN
cjfa-33342	368	22	�	�	PROPN
cjfa-33342	368	23	(	(	PUNCT
cjfa-33342	368	24	�	�	PROPN
cjfa-33342	368	25	)	)	PUNCT
cjfa-33342	368	26	,	,	PUNCT
cjfa-33342	368	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	368	28	�	�	PROPN
cjfa-33342	368	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	368	30	�	�	PROPN
cjfa-33342	368	31	�	�	PROPN
cjfa-33342	368	32	�	�	PROPN
cjfa-33342	368	33	(	(	PUNCT
cjfa-33342	368	34	�	�	PROPN
cjfa-33342	368	35	)	)	PUNCT
cjfa-33342	368	36	and	and	CCONJ
cjfa-33342	368	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	368	38	�	�	PROPN
cjfa-33342	368	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	368	40	�	�	PROPN
cjfa-33342	368	41	�	�	PROPN
cjfa-33342	368	42	�	�	PROPN
cjfa-33342	368	43	(	(	PUNCT
cjfa-33342	368	44	�	�	PROPN
cjfa-33342	368	45	�	�	PROPN
cjfa-33342	368	46	�	�	PROPN
cjfa-33342	368	47	)	)	PUNCT
cjfa-33342	368	48	are	be	AUX
cjfa-33342	368	49	the	the	DET
cjfa-33342	368	50	rational	rational	ADJ
cjfa-33342	368	51	expected	expect	VERB
cjfa-33342	368	52	rates	rate	NOUN
cjfa-33342	368	53	,	,	PUNCT
cjfa-33342	368	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	368	55	�	�	PROPN
cjfa-33342	368	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	368	57	,	,	PUNCT
cjfa-33342	368	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	368	59	+	+	CCONJ
cjfa-33342	368	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	368	61	)	)	PUNCT
cjfa-33342	368	62	is	be	AUX
cjfa-33342	368	63	the	the	DET
cjfa-33342	368	64	implicit	implicit	ADJ
cjfa-33342	368	65	forward	forward	ADJ
cjfa-33342	368	66	rate	rate	NOUN
cjfa-33342	368	67	in	in	ADP
cjfa-33342	368	68	the	the	DET
cjfa-33342	368	69	current	current	ADJ
cjfa-33342	368	70	term	term	NOUN
cjfa-33342	368	71	structure	structure	NOUN
cjfa-33342	368	72	,	,	PUNCT
cjfa-33342	368	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	368	74	�	�	PROPN
cjfa-33342	368	75	(	(	PUNCT
cjfa-33342	368	76	�	�	PROPN
cjfa-33342	368	77	)	)	PUNCT
cjfa-33342	368	78	and	and	CCONJ
cjfa-33342	368	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	368	80	�	�	PROPN
cjfa-33342	368	81	(	(	PUNCT
cjfa-33342	368	82	�	�	PROPN
cjfa-33342	368	83	)	)	PUNCT
cjfa-33342	368	84	are	be	AUX
cjfa-33342	368	85	respectively	respectively	ADV
cjfa-33342	368	86	the	the	DET
cjfa-33342	368	87	current	current	ADJ
cjfa-33342	368	88	long	long	ADJ
cjfa-33342	368	89	term	term	NOUN
cjfa-33342	368	90	(	(	PUNCT
cjfa-33342	368	91	n	n	DET
cjfa-33342	368	92	period	period	NOUN
cjfa-33342	368	93	)	)	PUNCT
cjfa-33342	368	94	and	and	CCONJ
cjfa-33342	368	95	short	short	ADJ
cjfa-33342	368	96	term	term	NOUN
cjfa-33342	368	97	(	(	PUNCT
cjfa-33342	368	98	m	m	NOUN
cjfa-33342	368	99	period	period	NOUN
cjfa-33342	368	100	)	)	PUNCT
cjfa-33342	368	101	rate	rate	NOUN
cjfa-33342	368	102	,	,	PUNCT
cjfa-33342	368	103	with	with	ADP
cjfa-33342	368	104	k	k	NOUN
cjfa-33342	368	105	=	=	SYM
cjfa-33342	368	106	n	n	CCONJ
cjfa-33342	368	107	/	/	SYM
cjfa-33342	368	108	m	m	PROPN
cjfa-33342	368	109	,	,	PUNCT
cjfa-33342	368	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	368	111	is	be	AUX
cjfa-33342	368	112	a	a	PRON
cjfa-33342	368	113	with	with	ADP
cjfa-33342	368	114	noise	noise	NOUN
cjfa-33342	368	115	.	.	PUNCT
cjfa-33342	369	1	in	in	ADP
cjfa-33342	369	2	this	this	DET
cjfa-33342	369	3	study	study	NOUN
cjfa-33342	369	4	,	,	PUNCT
cjfa-33342	369	5	we	we	PRON
cjfa-33342	369	6	only	only	ADV
cjfa-33342	369	7	used	use	VERB
cjfa-33342	369	8	the	the	DET
cjfa-33342	369	9	models	model	NOUN
cjfa-33342	369	10	(	(	PUNCT
cjfa-33342	369	11	5	5	NUM
cjfa-33342	369	12	)	)	PUNCT
cjfa-33342	369	13	and	and	CCONJ
cjfa-33342	369	14	(	(	PUNCT
cjfa-33342	369	15	6	6	NUM
cjfa-33342	369	16	)	)	PUNCT
cjfa-33342	369	17	,	,	PUNCT
cjfa-33342	369	18	for	for	ADP
cjfa-33342	369	19	the	the	DET
cjfa-33342	369	20	model	model	NOUN
cjfa-33342	369	21	(	(	PUNCT
cjfa-33342	369	22	7	7	NUM
cjfa-33342	369	23	)	)	PUNCT
cjfa-33342	369	24	assumes	assume	VERB
cjfa-33342	369	25	that	that	SCONJ
cjfa-33342	369	26	k>2	k>2	PROPN
cjfa-33342	369	27	.	.	PUNCT
cjfa-33342	370	1	since	since	SCONJ
cjfa-33342	370	2	we	we	PRON
cjfa-33342	370	3	are	be	AUX
cjfa-33342	370	4	not	not	PART
cjfa-33342	370	5	testing	test	VERB
cjfa-33342	370	6	the	the	DET
cjfa-33342	370	7	rational	rational	ADJ
cjfa-33342	370	8	expectations	expectation	NOUN
cjfa-33342	370	9	hypothesis	hypothesis	NOUN
cjfa-33342	370	10	,	,	PUNCT
cjfa-33342	370	11	those	those	DET
cjfa-33342	370	12	models	model	NOUN
cjfa-33342	370	13	were	be	AUX
cjfa-33342	370	14	reformulated	reformulate	VERB
cjfa-33342	370	15	to	to	PART
cjfa-33342	370	16	test	test	VERB
cjfa-33342	370	17	the	the	DET
cjfa-33342	370	18	predictive	predictive	ADJ
cjfa-33342	370	19	power	power	NOUN
cjfa-33342	370	20	of	of	ADP
cjfa-33342	370	21	the	the	DET
cjfa-33342	370	22	implicit	implicit	ADJ
cjfa-33342	370	23	forward	forward	ADJ
cjfa-33342	370	24	rate	rate	NOUN
cjfa-33342	370	25	as	as	SCONJ
cjfa-33342	370	26	follows	follow	VERB
cjfa-33342	370	27	:	:	PUNCT
cjfa-33342	371	1	1	1	NUM
cjfa-33342	371	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	371	3	�	�	PROPN
cjfa-33342	371	4	(	(	PUNCT
cjfa-33342	371	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	371	6	�	�	PROPN
cjfa-33342	371	7	�	�	PROPN
cjfa-33342	371	8	�	�	PROPN
cjfa-33342	371	9	�	�	PROPN
cjfa-33342	371	10	(	(	PUNCT
cjfa-33342	371	11	�	�	PROPN
cjfa-33342	371	12	)	)	PUNCT
cjfa-33342	371	13	−	−	PROPN
cjfa-33342	371	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	371	15	�	�	PROPN
cjfa-33342	371	16	(	(	PUNCT
cjfa-33342	371	17	�	�	PROPN
cjfa-33342	371	18	)	)	PUNCT
cjfa-33342	371	19	)	)	PUNCT
cjfa-33342	371	20	�	�	PROPN
cjfa-33342	371	21	�	�	PROPN
cjfa-33342	371	22	�	�	PROPN
cjfa-33342	371	23	�	�	PROPN
cjfa-33342	371	24	�	�	PROPN
cjfa-33342	371	25	�	�	PROPN
cjfa-33342	371	26	=	=	PUNCT
cjfa-33342	371	27	∝	∝	PROPN
cjfa-33342	371	28	+	+	CCONJ
cjfa-33342	371	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	371	30	�	�	PROPN
cjfa-33342	371	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	371	32	�	�	PROPN
cjfa-33342	371	33	(	(	PUNCT
cjfa-33342	371	34	�	�	PROPN
cjfa-33342	371	35	)	)	PUNCT
cjfa-33342	371	36	−	−	PROPN
cjfa-33342	371	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	371	38	�	�	PROPN
cjfa-33342	371	39	(	(	PUNCT
cjfa-33342	371	40	�	�	PROPN
cjfa-33342	371	41	)	)	PUNCT
cjfa-33342	371	42	�	�	PROPN
cjfa-33342	371	43	+	+	CCONJ
cjfa-33342	371	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	371	45	�	�	PROPN
cjfa-33342	371	46	�	�	PROPN
cjfa-33342	371	47	�	�	PROPN
cjfa-33342	371	48	,	,	PUNCT
cjfa-33342	371	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	371	50	𝑤	𝑤	PART
cjfa-33342	371	51	𝑤	𝑤	NOUN
cjfa-33342	371	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	371	53	𝑤	𝑤	ADP
cjfa-33342	371	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	371	55	(	(	PUNCT
cjfa-33342	371	56	𝑤	𝑤	NOUN
cjfa-33342	371	57	)	)	PUNCT
cjfa-33342	371	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	371	59	�	�	PROPN
cjfa-33342	371	60	�	�	PROPN
cjfa-33342	371	61	�	�	PROPN
cjfa-33342	371	62	(	(	PUNCT
cjfa-33342	371	63	�	�	PROPN
cjfa-33342	371	64	)	)	PUNCT
cjfa-33342	371	65	−	−	PROPN
cjfa-33342	371	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	371	67	�	�	PROPN
cjfa-33342	371	68	(	(	PUNCT
cjfa-33342	371	69	�	�	PROPN
cjfa-33342	371	70	)	)	PUNCT
cjfa-33342	371	71	=	=	SYM
cjfa-33342	372	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	372	2	+	+	ADJ
cjfa-33342	372	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	372	4	�	�	PROPN
cjfa-33342	372	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	372	6	�	�	PROPN
cjfa-33342	372	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	372	8	,	,	PUNCT
cjfa-33342	372	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	372	10	+	+	CCONJ
cjfa-33342	372	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	372	12	)	)	PUNCT
cjfa-33342	372	13	−	−	PROPN
cjfa-33342	372	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	372	15	�	�	PROPN
cjfa-33342	372	16	(	(	PUNCT
cjfa-33342	372	17	�	�	PROPN
cjfa-33342	372	18	)	)	PUNCT
cjfa-33342	372	19	�	�	PROPN
cjfa-33342	372	20	+	+	CCONJ
cjfa-33342	372	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	372	22	�	�	PROPN
cjfa-33342	372	23	�	�	PROPN
cjfa-33342	372	24	�	�	PROPN
cjfa-33342	372	25	�	�	PROPN
cjfa-33342	372	26	�	�	PROPN
cjfa-33342	372	27	(	(	PUNCT
cjfa-33342	372	28	9	9	NUM
cjfa-33342	372	29	)	)	PUNCT
cjfa-33342	372	30	where	where	SCONJ
cjfa-33342	372	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	372	32	�	�	PROPN
cjfa-33342	372	33	�	�	PROPN
cjfa-33342	372	34	�	�	PROPN
cjfa-33342	372	35	�	�	PROPN
cjfa-33342	372	36	(	(	PUNCT
cjfa-33342	372	37	�	�	PROPN
cjfa-33342	372	38	)	)	PUNCT
cjfa-33342	372	39	and	and	CCONJ
cjfa-33342	372	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	372	41	�	�	PROPN
cjfa-33342	372	42	�	�	PROPN
cjfa-33342	372	43	�	�	PROPN
cjfa-33342	372	44	(	(	PUNCT
cjfa-33342	372	45	�	�	PROPN
cjfa-33342	372	46	)	)	PUNCT
cjfa-33342	372	47	are	be	AUX
cjfa-33342	372	48	the	the	DET
cjfa-33342	372	49	forward	forward	ADJ
cjfa-33342	372	50	rates	rate	NOUN
cjfa-33342	372	51	respectively	respectively	ADV
cjfa-33342	372	52	at	at	ADP
cjfa-33342	372	53	time	time	NOUN
cjfa-33342	372	54	t+sm	t+sm	NOUN
cjfa-33342	372	55	and	and	CCONJ
cjfa-33342	372	56	t+k	t+k	NUM
cjfa-33342	372	57	.	.	PUNCT
cjfa-33342	373	1	considering	consider	VERB
cjfa-33342	373	2	the	the	DET
cjfa-33342	373	3	fact	fact	NOUN
cjfa-33342	373	4	that	that	SCONJ
cjfa-33342	373	5	n=2	n=2	PRON
cjfa-33342	373	6	and	and	CCONJ
cjfa-33342	373	7	m=1	m=1	X
cjfa-33342	373	8	in	in	ADP
cjfa-33342	373	9	this	this	DET
cjfa-33342	373	10	study	study	NOUN
cjfa-33342	373	11	,	,	PUNCT
cjfa-33342	373	12	the	the	DET
cjfa-33342	373	13	models	model	NOUN
cjfa-33342	373	14	can	can	AUX
cjfa-33342	373	15	be	be	AUX
cjfa-33342	373	16	rewrite	rewrite	VERB
cjfa-33342	373	17	as	as	SCONJ
cjfa-33342	373	18	follows	follow	VERB
cjfa-33342	373	19	:	:	PUNCT
cjfa-33342	373	20	1	1	NUM
cjfa-33342	373	21	2	2	NUM
cjfa-33342	373	22	(	(	PUNCT
cjfa-33342	373	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	373	24	�	�	PROPN
cjfa-33342	373	25	�	�	PROPN
cjfa-33342	373	26	�	�	PROPN
cjfa-33342	373	27	(	(	PUNCT
cjfa-33342	373	28	�	�	PROPN
cjfa-33342	373	29	)	)	PUNCT
cjfa-33342	373	30	−	−	PROPN
cjfa-33342	373	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	373	32	�	�	PROPN
cjfa-33342	373	33	(	(	PUNCT
cjfa-33342	373	34	�	�	PROPN
cjfa-33342	373	35	)	)	PUNCT
cjfa-33342	373	36	)	)	PUNCT
cjfa-33342	374	1	=	=	PUNCT
cjfa-33342	374	2	∝	∝	NOUN
cjfa-33342	374	3	+	+	CCONJ
cjfa-33342	374	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	374	5	�	�	PROPN
cjfa-33342	374	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	374	7	�	�	PROPN
cjfa-33342	374	8	(	(	PUNCT
cjfa-33342	374	9	�	�	PROPN
cjfa-33342	374	10	)	)	PUNCT
cjfa-33342	374	11	−	−	PROPN
cjfa-33342	375	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	375	2	�	�	PROPN
cjfa-33342	375	3	(	(	PUNCT
cjfa-33342	375	4	�	�	PROPN
cjfa-33342	375	5	)	)	PUNCT
cjfa-33342	375	6	�	�	PROPN
cjfa-33342	375	7	+	+	CCONJ
cjfa-33342	375	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	375	9	�	�	PROPN
cjfa-33342	375	10	�	�	PROPN
cjfa-33342	375	11	�	�	PROPN
cjfa-33342	375	12	,	,	PUNCT
cjfa-33342	375	13	(	(	PUNCT
cjfa-33342	375	14	1𝑤	1𝑤	NUM
cjfa-33342	375	15	)	)	PUNCT
cjfa-33342	375	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	375	17	�	�	PROPN
cjfa-33342	375	18	�	�	PROPN
cjfa-33342	375	19	�	�	PROPN
cjfa-33342	375	20	(	(	PUNCT
cjfa-33342	375	21	�	�	PROPN
cjfa-33342	375	22	)	)	PUNCT
cjfa-33342	375	23	−	−	PROPN
cjfa-33342	376	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	376	2	�	�	PROPN
cjfa-33342	376	3	(	(	PUNCT
cjfa-33342	376	4	�	�	PROPN
cjfa-33342	376	5	)	)	PUNCT
cjfa-33342	376	6	=	=	SYM
cjfa-33342	377	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	377	2	+	+	ADJ
cjfa-33342	377	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	377	4	�	�	NOUN
cjfa-33342	377	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	377	6	�	�	PROPN
cjfa-33342	377	7	(1	(1	NOUN
cjfa-33342	377	8	,	,	PUNCT
cjfa-33342	377	9	2	2	NUM
cjfa-33342	377	10	)	)	PUNCT
cjfa-33342	377	11	−	−	PROPN
cjfa-33342	377	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	377	13	�	�	PROPN
cjfa-33342	377	14	(	(	PUNCT
cjfa-33342	377	15	�	�	PROPN
cjfa-33342	377	16	)	)	PUNCT
cjfa-33342	377	17	�	�	PROPN
cjfa-33342	377	18	+	+	CCONJ
cjfa-33342	377	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	377	20	�	�	PROPN
cjfa-33342	377	21	�	�	PROPN
cjfa-33342	377	22	�	�	PROPN
cjfa-33342	377	23	�	�	PROPN
cjfa-33342	377	24	�	�	PROPN
cjfa-33342	377	25	(	(	PUNCT
cjfa-33342	377	26	11	11	NUM
cjfa-33342	377	27	)	)	PUNCT
cjfa-33342	377	28	in	in	ADP
cjfa-33342	377	29	each	each	DET
cjfa-33342	377	30	equation	equation	NOUN
cjfa-33342	377	31	,	,	PUNCT
cjfa-33342	377	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	377	33	capture	capture	VERB
cjfa-33342	377	34	the	the	DET
cjfa-33342	377	35	predictive	predictive	ADJ
cjfa-33342	377	36	power	power	NOUN
cjfa-33342	377	37	of	of	ADP
cjfa-33342	377	38	the	the	DET
cjfa-33342	377	39	implicit	implicit	ADJ
cjfa-33342	377	40	forward	forward	ADJ
cjfa-33342	377	41	rate	rate	NOUN
cjfa-33342	377	42	in	in	ADP
cjfa-33342	377	43	the	the	DET
cjfa-33342	377	44	current	current	ADJ
cjfa-33342	377	45	term	term	NOUN
cjfa-33342	377	46	structure	structure	NOUN
cjfa-33342	377	47	.	.	PUNCT
cjfa-33342	378	1	indeed	indeed	ADV
cjfa-33342	378	2	,	,	PUNCT
cjfa-33342	378	3	in	in	ADP
cjfa-33342	378	4	(	(	PUNCT
cjfa-33342	378	5	3.6	3.6	NUM
cjfa-33342	378	6	)	)	PUNCT
cjfa-33342	378	7	,	,	PUNCT
cjfa-33342	378	8	the	the	DET
cjfa-33342	378	9	spread	spread	ADJ
cjfa-33342	378	10	�	�	PROPN
cjfa-33342	378	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	378	12	�	�	PROPN
cjfa-33342	378	13	(	(	PUNCT
cjfa-33342	378	14	�	�	PROPN
cjfa-33342	378	15	)	)	PUNCT
cjfa-33342	378	16	−	−	PROPN
cjfa-33342	378	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	378	18	�	�	PROPN
cjfa-33342	378	19	(	(	PUNCT
cjfa-33342	378	20	�	�	PROPN
cjfa-33342	378	21	)	)	PUNCT
cjfa-33342	378	22	�	�	PROPN
cjfa-33342	378	23	is	be	AUX
cjfa-33342	378	24	supposed	suppose	VERB
cjfa-33342	378	25	to	to	PART
cjfa-33342	378	26	be	be	AUX
cjfa-33342	378	27	mathematically	mathematically	ADV
cjfa-33342	378	28	equal	equal	ADJ
cjfa-33342	378	29	to	to	ADP
cjfa-33342	378	30	the	the	DET
cjfa-33342	378	31	half	half	ADJ
cjfa-33342	378	32	rate	rate	NOUN
cjfa-33342	378	33	variation	variation	NOUN
cjfa-33342	378	34	predicted	predict	VERB
cjfa-33342	378	35	by	by	ADP
cjfa-33342	378	36	the	the	DET
cjfa-33342	378	37	implicit	implicit	ADJ
cjfa-33342	378	38	forward	forward	ADJ
cjfa-33342	378	39	rate	rate	NOUN
cjfa-33342	378	40	.	.	PUNCT
cjfa-33342	379	1	it	it	PRON
cjfa-33342	379	2	is	be	AUX
cjfa-33342	379	3	therefore	therefore	ADV
cjfa-33342	379	4	regress	regress	ADJ
cjfa-33342	379	5	on	on	ADP
cjfa-33342	379	6	the	the	DET
cjfa-33342	379	7	realized	realize	VERB
cjfa-33342	379	8	variation	variation	NOUN
cjfa-33342	379	9	in	in	ADP
cjfa-33342	379	10	order	order	NOUN
cjfa-33342	379	11	to	to	PART
cjfa-33342	379	12	know	know	VERB
cjfa-33342	379	13	the	the	DET
cjfa-33342	379	14	predictive	predictive	ADJ
cjfa-33342	379	15	power	power	NOUN
cjfa-33342	379	16	of	of	ADP
cjfa-33342	379	17	the	the	DET
cjfa-33342	379	18	implicit	implicit	ADJ
cjfa-33342	379	19	forward	forward	ADJ
cjfa-33342	379	20	rate	rate	NOUN
cjfa-33342	379	21	.	.	PUNCT
cjfa-33342	380	1	the	the	DET
cjfa-33342	380	2	regression	regression	NOUN
cjfa-33342	380	3	coefficient	coefficient	NOUN
cjfa-33342	380	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	380	5	will	will	AUX
cjfa-33342	380	6	be	be	AUX
cjfa-33342	380	7	equal	equal	ADJ
cjfa-33342	380	8	to	to	ADP
cjfa-33342	380	9	1	1	NUM
cjfa-33342	380	10	if	if	SCONJ
cjfa-33342	380	11	the	the	DET
cjfa-33342	380	12	implicit	implicit	ADJ
cjfa-33342	380	13	forward	forward	ADJ
cjfa-33342	380	14	rate	rate	NOUN
cjfa-33342	380	15	is	be	AUX
cjfa-33342	380	16	a	a	DET
cjfa-33342	380	17	perfect	perfect	ADJ
cjfa-33342	380	18	foresight	foresight	NOUN
cjfa-33342	380	19	indicator	indicator	NOUN
cjfa-33342	380	20	of	of	ADP
cjfa-33342	380	21	short	short	ADJ
cjfa-33342	380	22	terms	term	NOUN
cjfa-33342	380	23	interest	interest	NOUN
cjfa-33342	380	24	rates	rate	NOUN
cjfa-33342	380	25	movements	movement	NOUN
cjfa-33342	380	26	.	.	PUNCT
cjfa-33342	381	1	since	since	SCONJ
cjfa-33342	381	2	(	(	PUNCT
cjfa-33342	381	3	10	10	NUM
cjfa-33342	381	4	)	)	PUNCT
cjfa-33342	381	5	and	and	CCONJ
cjfa-33342	381	6	(	(	PUNCT
cjfa-33342	381	7	11	11	NUM
cjfa-33342	381	8	)	)	PUNCT
cjfa-33342	381	9	are	be	AUX
cjfa-33342	381	10	simple	simple	ADJ
cjfa-33342	381	11	linear	linear	ADJ
cjfa-33342	381	12	regression	regression	NOUN
cjfa-33342	381	13	models	model	NOUN
cjfa-33342	381	14	,	,	PUNCT
cjfa-33342	381	15	all	all	DET
cjfa-33342	381	16	the	the	DET
cjfa-33342	381	17	preliminary	preliminary	ADJ
cjfa-33342	381	18	tests	test	NOUN
cjfa-33342	381	19	of	of	ADP
cjfa-33342	381	20	stationarity	stationarity	NOUN
cjfa-33342	381	21	,	,	PUNCT
cjfa-33342	381	22	co	co	NOUN
cjfa-33342	381	23	-	-	NOUN
cjfa-33342	381	24	integration	integration	NOUN
cjfa-33342	381	25	,	,	PUNCT
cjfa-33342	381	26	normality	normality	NOUN
cjfa-33342	381	27	,	,	PUNCT
cjfa-33342	381	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	381	29	of	of	ADP
cjfa-33342	381	30	errors	error	NOUN
cjfa-33342	381	31	and	and	CCONJ
cjfa-33342	381	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	381	33	were	be	AUX
cjfa-33342	381	34	and	and	CCONJ
cjfa-33342	381	35	1	1	NUM
cjfa-33342	381	36	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	381	37	�	�	PROPN
cjfa-33342	381	38	(	(	PUNCT
cjfa-33342	381	39	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	381	40	�	�	PROPN
cjfa-33342	381	41	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	381	42	�	�	PROPN
cjfa-33342	381	43	�	�	PROPN
cjfa-33342	381	44	�	�	PROPN
cjfa-33342	381	45	�	�	PROPN
cjfa-33342	381	46	(	(	PUNCT
cjfa-33342	381	47	�	�	PROPN
cjfa-33342	381	48	)	)	PUNCT
cjfa-33342	381	49	−	−	PROPN
cjfa-33342	382	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	382	2	�	�	PROPN
cjfa-33342	382	3	(	(	PUNCT
cjfa-33342	382	4	�	�	PROPN
cjfa-33342	382	5	)	)	PUNCT
cjfa-33342	382	6	)	)	PUNCT
cjfa-33342	382	7	�	�	PROPN
cjfa-33342	382	8	�	�	PROPN
cjfa-33342	382	9	�	�	PROPN
cjfa-33342	382	10	�	�	PROPN
cjfa-33342	382	11	�	�	PROPN
cjfa-33342	382	12	�	�	PROPN
cjfa-33342	382	13	=	=	PUNCT
cjfa-33342	382	14	∝	∝	PROPN
cjfa-33342	382	15	+	+	CCONJ
cjfa-33342	382	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	382	17	�	�	PROPN
cjfa-33342	382	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	382	19	�	�	PROPN
cjfa-33342	382	20	(	(	PUNCT
cjfa-33342	382	21	�	�	PROPN
cjfa-33342	382	22	)	)	PUNCT
cjfa-33342	382	23	−	−	PROPN
cjfa-33342	382	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	382	25	�	�	PROPN
cjfa-33342	382	26	(	(	PUNCT
cjfa-33342	382	27	�	�	PROPN
cjfa-33342	382	28	)	)	PUNCT
cjfa-33342	382	29	�	�	PROPN
cjfa-33342	382	30	+	+	CCONJ
cjfa-33342	382	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	382	32	�	�	PROPN
cjfa-33342	382	33	�	�	PROPN
cjfa-33342	382	34	�	�	PROPN
cjfa-33342	382	35	,	,	PUNCT
cjfa-33342	382	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	382	37	𝑤	𝑤	PART
cjfa-33342	382	38	𝑤	𝑤	NOUN
cjfa-33342	382	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	382	40	𝑤	𝑤	ADP
cjfa-33342	382	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	382	42	(	(	PUNCT
cjfa-33342	382	43	𝑤	𝑤	NOUN
cjfa-33342	382	44	)	)	PUNCT
cjfa-33342	382	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	382	46	�	�	PROPN
cjfa-33342	382	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	382	48	�	�	PROPN
cjfa-33342	382	49	�	�	PROPN
cjfa-33342	382	50	�	�	PROPN
cjfa-33342	382	51	(	(	PUNCT
cjfa-33342	382	52	�	�	PROPN
cjfa-33342	382	53	)	)	PUNCT
cjfa-33342	382	54	−	−	PROPN
cjfa-33342	383	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	383	2	�	�	PROPN
cjfa-33342	383	3	(	(	PUNCT
cjfa-33342	383	4	�	�	PROPN
cjfa-33342	383	5	)	)	PUNCT
cjfa-33342	383	6	=	=	SYM
cjfa-33342	384	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	384	2	+	+	ADJ
cjfa-33342	384	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	384	4	�	�	PROPN
cjfa-33342	384	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	384	6	�	�	PROPN
cjfa-33342	384	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	384	8	,	,	PUNCT
cjfa-33342	384	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	384	10	+	+	CCONJ
cjfa-33342	384	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	384	12	)	)	PUNCT
cjfa-33342	384	13	−	−	PROPN
cjfa-33342	384	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	384	15	�	�	PROPN
cjfa-33342	384	16	(	(	PUNCT
cjfa-33342	384	17	�	�	PROPN
cjfa-33342	384	18	)	)	PUNCT
cjfa-33342	384	19	�	�	PROPN
cjfa-33342	384	20	+	+	CCONJ
cjfa-33342	384	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	384	22	�	�	PROPN
cjfa-33342	384	23	�	�	PROPN
cjfa-33342	384	24	�	�	PROPN
cjfa-33342	384	25	�	�	PROPN
cjfa-33342	384	26	�	�	PROPN
cjfa-33342	384	27	(	(	PUNCT
cjfa-33342	384	28	6	6	NUM
cjfa-33342	384	29	)	)	PUNCT
cjfa-33342	384	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	384	31	�	�	PROPN
cjfa-33342	384	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	384	33	�	�	PROPN
cjfa-33342	384	34	�	�	PROPN
cjfa-33342	384	35	�	�	PROPN
cjfa-33342	384	36	(	(	PUNCT
cjfa-33342	384	37	�	�	PROPN
cjfa-33342	384	38	�	�	PROPN
cjfa-33342	384	39	�	�	PROPN
cjfa-33342	384	40	)	)	PUNCT
cjfa-33342	385	1	−	−	PROPN
cjfa-33342	385	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	385	3	�	�	PROPN
cjfa-33342	385	4	(	(	PUNCT
cjfa-33342	385	5	�	�	PROPN
cjfa-33342	385	6	)	)	PUNCT
cjfa-33342	385	7	=	=	SYM
cjfa-33342	386	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	386	2	+	+	NOUN
cjfa-33342	386	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	386	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	386	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	386	6	−	−	NOUN
cjfa-33342	386	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	386	8	�	�	PROPN
cjfa-33342	386	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	386	10	�	�	PROPN
cjfa-33342	386	11	(	(	PUNCT
cjfa-33342	386	12	�	�	PROPN
cjfa-33342	386	13	)	)	PUNCT
cjfa-33342	386	14	−	−	PROPN
cjfa-33342	387	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	387	2	�	�	PROPN
cjfa-33342	387	3	(	(	PUNCT
cjfa-33342	387	4	�	�	PROPN
cjfa-33342	387	5	)	)	PUNCT
cjfa-33342	387	6	�	�	PROPN
cjfa-33342	387	7	+	+	CCONJ
cjfa-33342	387	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	387	9	�	�	PROPN
cjfa-33342	387	10	�	�	PROPN
cjfa-33342	387	11	�	�	PROPN
cjfa-33342	387	12	(	(	PUNCT
cjfa-33342	387	13	7	7	NUM
cjfa-33342	387	14	)	)	PUNCT
cjfa-33342	387	15	where	where	SCONJ
cjfa-33342	387	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	387	17	�	�	PROPN
cjfa-33342	387	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	387	19	�	�	PROPN
cjfa-33342	387	20	�	�	PROPN
cjfa-33342	387	21	�	�	PROPN
cjfa-33342	387	22	�	�	PROPN
cjfa-33342	387	23	(	(	PUNCT
cjfa-33342	387	24	�	�	PROPN
cjfa-33342	387	25	)	)	PUNCT
cjfa-33342	387	26	,	,	PUNCT
cjfa-33342	387	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	387	28	�	�	PROPN
cjfa-33342	387	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	387	30	�	�	PROPN
cjfa-33342	387	31	�	�	PROPN
cjfa-33342	387	32	�	�	PROPN
cjfa-33342	387	33	(	(	PUNCT
cjfa-33342	387	34	�	�	PROPN
cjfa-33342	387	35	)	)	PUNCT
cjfa-33342	387	36	and	and	CCONJ
cjfa-33342	387	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	387	38	�	�	PROPN
cjfa-33342	387	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	387	40	�	�	PROPN
cjfa-33342	387	41	�	�	PROPN
cjfa-33342	387	42	�	�	PROPN
cjfa-33342	387	43	(	(	PUNCT
cjfa-33342	387	44	�	�	PROPN
cjfa-33342	387	45	�	�	PROPN
cjfa-33342	387	46	�	�	PROPN
cjfa-33342	387	47	)	)	PUNCT
cjfa-33342	387	48	are	be	AUX
cjfa-33342	387	49	the	the	DET
cjfa-33342	387	50	rational	rational	ADJ
cjfa-33342	387	51	expected	expect	VERB
cjfa-33342	387	52	rates	rate	NOUN
cjfa-33342	387	53	,	,	PUNCT
cjfa-33342	387	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	387	55	�	�	PROPN
cjfa-33342	387	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	387	57	,	,	PUNCT
cjfa-33342	387	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	387	59	+	+	CCONJ
cjfa-33342	387	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	387	61	)	)	PUNCT
cjfa-33342	387	62	is	be	AUX
cjfa-33342	387	63	the	the	DET
cjfa-33342	387	64	implicit	implicit	ADJ
cjfa-33342	387	65	forward	forward	ADJ
cjfa-33342	387	66	rate	rate	NOUN
cjfa-33342	387	67	in	in	ADP
cjfa-33342	387	68	the	the	DET
cjfa-33342	387	69	current	current	ADJ
cjfa-33342	387	70	term	term	NOUN
cjfa-33342	387	71	structure	structure	NOUN
cjfa-33342	387	72	,	,	PUNCT
cjfa-33342	387	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	387	74	�	�	PROPN
cjfa-33342	387	75	(	(	PUNCT
cjfa-33342	387	76	�	�	PROPN
cjfa-33342	387	77	)	)	PUNCT
cjfa-33342	387	78	and	and	CCONJ
cjfa-33342	387	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	387	80	�	�	PROPN
cjfa-33342	387	81	(	(	PUNCT
cjfa-33342	387	82	�	�	PROPN
cjfa-33342	387	83	)	)	PUNCT
cjfa-33342	387	84	are	be	AUX
cjfa-33342	387	85	respectively	respectively	ADV
cjfa-33342	387	86	the	the	DET
cjfa-33342	387	87	current	current	ADJ
cjfa-33342	387	88	long	long	ADJ
cjfa-33342	387	89	term	term	NOUN
cjfa-33342	387	90	(	(	PUNCT
cjfa-33342	387	91	n	n	DET
cjfa-33342	387	92	period	period	NOUN
cjfa-33342	387	93	)	)	PUNCT
cjfa-33342	387	94	and	and	CCONJ
cjfa-33342	387	95	short	short	ADJ
cjfa-33342	387	96	term	term	NOUN
cjfa-33342	387	97	(	(	PUNCT
cjfa-33342	387	98	m	m	NOUN
cjfa-33342	387	99	period	period	NOUN
cjfa-33342	387	100	)	)	PUNCT
cjfa-33342	387	101	rate	rate	NOUN
cjfa-33342	387	102	,	,	PUNCT
cjfa-33342	387	103	with	with	ADP
cjfa-33342	387	104	k	k	NOUN
cjfa-33342	387	105	=	=	SYM
cjfa-33342	387	106	n	n	CCONJ
cjfa-33342	387	107	/	/	SYM
cjfa-33342	387	108	m	m	PROPN
cjfa-33342	387	109	,	,	PUNCT
cjfa-33342	387	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	387	111	is	be	AUX
cjfa-33342	387	112	a	a	PRON
cjfa-33342	387	113	with	with	ADP
cjfa-33342	387	114	noise	noise	NOUN
cjfa-33342	387	115	.	.	PUNCT
cjfa-33342	388	1	in	in	ADP
cjfa-33342	388	2	this	this	DET
cjfa-33342	388	3	study	study	NOUN
cjfa-33342	388	4	,	,	PUNCT
cjfa-33342	388	5	we	we	PRON
cjfa-33342	388	6	only	only	ADV
cjfa-33342	388	7	used	use	VERB
cjfa-33342	388	8	the	the	DET
cjfa-33342	388	9	models	model	NOUN
cjfa-33342	388	10	(	(	PUNCT
cjfa-33342	388	11	5	5	NUM
cjfa-33342	388	12	)	)	PUNCT
cjfa-33342	388	13	and	and	CCONJ
cjfa-33342	388	14	(	(	PUNCT
cjfa-33342	388	15	6	6	NUM
cjfa-33342	388	16	)	)	PUNCT
cjfa-33342	388	17	,	,	PUNCT
cjfa-33342	388	18	for	for	ADP
cjfa-33342	388	19	the	the	DET
cjfa-33342	388	20	model	model	NOUN
cjfa-33342	388	21	(	(	PUNCT
cjfa-33342	388	22	7	7	NUM
cjfa-33342	388	23	)	)	PUNCT
cjfa-33342	388	24	assumes	assume	VERB
cjfa-33342	388	25	that	that	SCONJ
cjfa-33342	388	26	k>2	k>2	PROPN
cjfa-33342	388	27	.	.	PUNCT
cjfa-33342	389	1	since	since	SCONJ
cjfa-33342	389	2	we	we	PRON
cjfa-33342	389	3	are	be	AUX
cjfa-33342	389	4	not	not	PART
cjfa-33342	389	5	testing	test	VERB
cjfa-33342	389	6	the	the	DET
cjfa-33342	389	7	rational	rational	ADJ
cjfa-33342	389	8	expectations	expectation	NOUN
cjfa-33342	389	9	hypothesis	hypothesis	NOUN
cjfa-33342	389	10	,	,	PUNCT
cjfa-33342	389	11	those	those	DET
cjfa-33342	389	12	models	model	NOUN
cjfa-33342	389	13	were	be	AUX
cjfa-33342	389	14	reformulated	reformulate	VERB
cjfa-33342	389	15	to	to	PART
cjfa-33342	389	16	test	test	VERB
cjfa-33342	389	17	the	the	DET
cjfa-33342	389	18	predictive	predictive	ADJ
cjfa-33342	389	19	power	power	NOUN
cjfa-33342	389	20	of	of	ADP
cjfa-33342	389	21	the	the	DET
cjfa-33342	389	22	implicit	implicit	ADJ
cjfa-33342	389	23	forward	forward	ADJ
cjfa-33342	389	24	rate	rate	NOUN
cjfa-33342	389	25	as	as	SCONJ
cjfa-33342	389	26	follows	follow	VERB
cjfa-33342	389	27	:	:	PUNCT
cjfa-33342	390	1	1	1	NUM
cjfa-33342	390	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	390	3	�	�	PROPN
cjfa-33342	390	4	(	(	PUNCT
cjfa-33342	390	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	390	6	�	�	PROPN
cjfa-33342	390	7	�	�	PROPN
cjfa-33342	390	8	�	�	PROPN
cjfa-33342	390	9	�	�	PROPN
cjfa-33342	390	10	(	(	PUNCT
cjfa-33342	390	11	�	�	PROPN
cjfa-33342	390	12	)	)	PUNCT
cjfa-33342	390	13	−	−	PROPN
cjfa-33342	390	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	390	15	�	�	PROPN
cjfa-33342	390	16	(	(	PUNCT
cjfa-33342	390	17	�	�	PROPN
cjfa-33342	390	18	)	)	PUNCT
cjfa-33342	390	19	)	)	PUNCT
cjfa-33342	390	20	�	�	PROPN
cjfa-33342	390	21	�	�	PROPN
cjfa-33342	390	22	�	�	PROPN
cjfa-33342	390	23	�	�	PROPN
cjfa-33342	390	24	�	�	PROPN
cjfa-33342	390	25	�	�	PROPN
cjfa-33342	390	26	=	=	PUNCT
cjfa-33342	390	27	∝	∝	PROPN
cjfa-33342	390	28	+	+	CCONJ
cjfa-33342	390	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	390	30	�	�	PROPN
cjfa-33342	390	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	390	32	�	�	PROPN
cjfa-33342	390	33	(	(	PUNCT
cjfa-33342	390	34	�	�	PROPN
cjfa-33342	390	35	)	)	PUNCT
cjfa-33342	390	36	−	−	PROPN
cjfa-33342	390	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	390	38	�	�	PROPN
cjfa-33342	390	39	(	(	PUNCT
cjfa-33342	390	40	�	�	PROPN
cjfa-33342	390	41	)	)	PUNCT
cjfa-33342	390	42	�	�	PROPN
cjfa-33342	390	43	+	+	CCONJ
cjfa-33342	390	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	390	45	�	�	PROPN
cjfa-33342	390	46	�	�	PROPN
cjfa-33342	390	47	�	�	PROPN
cjfa-33342	390	48	,	,	PUNCT
cjfa-33342	390	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	390	50	𝑤	𝑤	PART
cjfa-33342	390	51	𝑤	𝑤	NOUN
cjfa-33342	390	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	390	53	𝑤	𝑤	ADP
cjfa-33342	390	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	390	55	(	(	PUNCT
cjfa-33342	390	56	𝑤	𝑤	NOUN
cjfa-33342	390	57	)	)	PUNCT
cjfa-33342	390	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	390	59	�	�	PROPN
cjfa-33342	390	60	�	�	PROPN
cjfa-33342	390	61	�	�	PROPN
cjfa-33342	390	62	(	(	PUNCT
cjfa-33342	390	63	�	�	PROPN
cjfa-33342	390	64	)	)	PUNCT
cjfa-33342	390	65	−	−	PROPN
cjfa-33342	390	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	390	67	�	�	PROPN
cjfa-33342	390	68	(	(	PUNCT
cjfa-33342	390	69	�	�	PROPN
cjfa-33342	390	70	)	)	PUNCT
cjfa-33342	390	71	=	=	SYM
cjfa-33342	391	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	391	2	+	+	ADJ
cjfa-33342	391	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	391	4	�	�	PROPN
cjfa-33342	391	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	391	6	�	�	PROPN
cjfa-33342	391	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	391	8	,	,	PUNCT
cjfa-33342	391	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	391	10	+	+	CCONJ
cjfa-33342	391	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	391	12	)	)	PUNCT
cjfa-33342	391	13	−	−	PROPN
cjfa-33342	391	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	391	15	�	�	PROPN
cjfa-33342	391	16	(	(	PUNCT
cjfa-33342	391	17	�	�	PROPN
cjfa-33342	391	18	)	)	PUNCT
cjfa-33342	391	19	�	�	PROPN
cjfa-33342	391	20	+	+	CCONJ
cjfa-33342	391	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	391	22	�	�	PROPN
cjfa-33342	391	23	�	�	PROPN
cjfa-33342	391	24	�	�	PROPN
cjfa-33342	391	25	�	�	PROPN
cjfa-33342	391	26	�	�	PROPN
cjfa-33342	391	27	(	(	PUNCT
cjfa-33342	391	28	9	9	NUM
cjfa-33342	391	29	)	)	PUNCT
cjfa-33342	391	30	where	where	SCONJ
cjfa-33342	391	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	391	32	�	�	PROPN
cjfa-33342	391	33	�	�	PROPN
cjfa-33342	391	34	�	�	PROPN
cjfa-33342	391	35	�	�	PROPN
cjfa-33342	391	36	(	(	PUNCT
cjfa-33342	391	37	�	�	PROPN
cjfa-33342	391	38	)	)	PUNCT
cjfa-33342	391	39	and	and	CCONJ
cjfa-33342	391	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	391	41	�	�	PROPN
cjfa-33342	391	42	�	�	PROPN
cjfa-33342	391	43	�	�	PROPN
cjfa-33342	391	44	(	(	PUNCT
cjfa-33342	391	45	�	�	PROPN
cjfa-33342	391	46	)	)	PUNCT
cjfa-33342	391	47	are	be	AUX
cjfa-33342	391	48	the	the	DET
cjfa-33342	391	49	forward	forward	ADJ
cjfa-33342	391	50	rates	rate	NOUN
cjfa-33342	391	51	respectively	respectively	ADV
cjfa-33342	391	52	at	at	ADP
cjfa-33342	391	53	time	time	NOUN
cjfa-33342	391	54	t+sm	t+sm	NOUN
cjfa-33342	391	55	and	and	CCONJ
cjfa-33342	391	56	t+k	t+k	NUM
cjfa-33342	391	57	.	.	PUNCT
cjfa-33342	392	1	considering	consider	VERB
cjfa-33342	392	2	the	the	DET
cjfa-33342	392	3	fact	fact	NOUN
cjfa-33342	392	4	that	that	SCONJ
cjfa-33342	392	5	n=2	n=2	PRON
cjfa-33342	392	6	and	and	CCONJ
cjfa-33342	392	7	m=1	m=1	X
cjfa-33342	392	8	in	in	ADP
cjfa-33342	392	9	this	this	DET
cjfa-33342	392	10	study	study	NOUN
cjfa-33342	392	11	,	,	PUNCT
cjfa-33342	392	12	the	the	DET
cjfa-33342	392	13	models	model	NOUN
cjfa-33342	392	14	can	can	AUX
cjfa-33342	392	15	be	be	AUX
cjfa-33342	392	16	rewrite	rewrite	VERB
cjfa-33342	392	17	as	as	SCONJ
cjfa-33342	392	18	follows	follow	VERB
cjfa-33342	392	19	:	:	PUNCT
cjfa-33342	392	20	1	1	NUM
cjfa-33342	392	21	2	2	NUM
cjfa-33342	392	22	(	(	PUNCT
cjfa-33342	392	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	392	24	�	�	PROPN
cjfa-33342	392	25	�	�	PROPN
cjfa-33342	392	26	�	�	PROPN
cjfa-33342	392	27	(	(	PUNCT
cjfa-33342	392	28	�	�	PROPN
cjfa-33342	392	29	)	)	PUNCT
cjfa-33342	392	30	−	−	PROPN
cjfa-33342	392	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	392	32	�	�	PROPN
cjfa-33342	392	33	(	(	PUNCT
cjfa-33342	392	34	�	�	PROPN
cjfa-33342	392	35	)	)	PUNCT
cjfa-33342	392	36	)	)	PUNCT
cjfa-33342	393	1	=	=	PUNCT
cjfa-33342	393	2	∝	∝	NOUN
cjfa-33342	393	3	+	+	CCONJ
cjfa-33342	393	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	393	5	�	�	PROPN
cjfa-33342	393	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	393	7	�	�	PROPN
cjfa-33342	393	8	(	(	PUNCT
cjfa-33342	393	9	�	�	PROPN
cjfa-33342	393	10	)	)	PUNCT
cjfa-33342	393	11	−	−	PROPN
cjfa-33342	394	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	394	2	�	�	PROPN
cjfa-33342	394	3	(	(	PUNCT
cjfa-33342	394	4	�	�	PROPN
cjfa-33342	394	5	)	)	PUNCT
cjfa-33342	394	6	�	�	PROPN
cjfa-33342	394	7	+	+	CCONJ
cjfa-33342	394	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	394	9	�	�	PROPN
cjfa-33342	394	10	�	�	PROPN
cjfa-33342	394	11	�	�	PROPN
cjfa-33342	394	12	,	,	PUNCT
cjfa-33342	394	13	(	(	PUNCT
cjfa-33342	394	14	1𝑤	1𝑤	NUM
cjfa-33342	394	15	)	)	PUNCT
cjfa-33342	394	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	394	17	�	�	PROPN
cjfa-33342	394	18	�	�	PROPN
cjfa-33342	394	19	�	�	PROPN
cjfa-33342	394	20	(	(	PUNCT
cjfa-33342	394	21	�	�	PROPN
cjfa-33342	394	22	)	)	PUNCT
cjfa-33342	394	23	−	−	PROPN
cjfa-33342	395	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	395	2	�	�	PROPN
cjfa-33342	395	3	(	(	PUNCT
cjfa-33342	395	4	�	�	PROPN
cjfa-33342	395	5	)	)	PUNCT
cjfa-33342	395	6	=	=	SYM
cjfa-33342	396	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	396	2	+	+	ADJ
cjfa-33342	396	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	396	4	�	�	NOUN
cjfa-33342	396	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	396	6	�	�	PROPN
cjfa-33342	396	7	(1	(1	NOUN
cjfa-33342	396	8	,	,	PUNCT
cjfa-33342	396	9	2	2	NUM
cjfa-33342	396	10	)	)	PUNCT
cjfa-33342	396	11	−	−	PROPN
cjfa-33342	396	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	396	13	�	�	PROPN
cjfa-33342	396	14	(	(	PUNCT
cjfa-33342	396	15	�	�	PROPN
cjfa-33342	396	16	)	)	PUNCT
cjfa-33342	396	17	�	�	PROPN
cjfa-33342	396	18	+	+	CCONJ
cjfa-33342	396	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	396	20	�	�	PROPN
cjfa-33342	396	21	�	�	PROPN
cjfa-33342	396	22	�	�	PROPN
cjfa-33342	396	23	�	�	PROPN
cjfa-33342	396	24	�	�	PROPN
cjfa-33342	396	25	(	(	PUNCT
cjfa-33342	396	26	11	11	NUM
cjfa-33342	396	27	)	)	PUNCT
cjfa-33342	396	28	in	in	ADP
cjfa-33342	396	29	each	each	DET
cjfa-33342	396	30	equation	equation	NOUN
cjfa-33342	396	31	,	,	PUNCT
cjfa-33342	396	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	396	33	capture	capture	VERB
cjfa-33342	396	34	the	the	DET
cjfa-33342	396	35	predictive	predictive	ADJ
cjfa-33342	396	36	power	power	NOUN
cjfa-33342	396	37	of	of	ADP
cjfa-33342	396	38	the	the	DET
cjfa-33342	396	39	implicit	implicit	ADJ
cjfa-33342	396	40	forward	forward	ADJ
cjfa-33342	396	41	rate	rate	NOUN
cjfa-33342	396	42	in	in	ADP
cjfa-33342	396	43	the	the	DET
cjfa-33342	396	44	current	current	ADJ
cjfa-33342	396	45	term	term	NOUN
cjfa-33342	396	46	structure	structure	NOUN
cjfa-33342	396	47	.	.	PUNCT
cjfa-33342	397	1	indeed	indeed	ADV
cjfa-33342	397	2	,	,	PUNCT
cjfa-33342	397	3	in	in	ADP
cjfa-33342	397	4	(	(	PUNCT
cjfa-33342	397	5	3.6	3.6	NUM
cjfa-33342	397	6	)	)	PUNCT
cjfa-33342	397	7	,	,	PUNCT
cjfa-33342	397	8	the	the	DET
cjfa-33342	397	9	spread	spread	ADJ
cjfa-33342	397	10	�	�	PROPN
cjfa-33342	397	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	397	12	�	�	PROPN
cjfa-33342	397	13	(	(	PUNCT
cjfa-33342	397	14	�	�	PROPN
cjfa-33342	397	15	)	)	PUNCT
cjfa-33342	397	16	−	−	PROPN
cjfa-33342	397	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	397	18	�	�	PROPN
cjfa-33342	397	19	(	(	PUNCT
cjfa-33342	397	20	�	�	PROPN
cjfa-33342	397	21	)	)	PUNCT
cjfa-33342	397	22	�	�	PROPN
cjfa-33342	397	23	is	be	AUX
cjfa-33342	397	24	supposed	suppose	VERB
cjfa-33342	397	25	to	to	PART
cjfa-33342	397	26	be	be	AUX
cjfa-33342	397	27	mathematically	mathematically	ADV
cjfa-33342	397	28	equal	equal	ADJ
cjfa-33342	397	29	to	to	ADP
cjfa-33342	397	30	the	the	DET
cjfa-33342	397	31	half	half	ADJ
cjfa-33342	397	32	rate	rate	NOUN
cjfa-33342	397	33	variation	variation	NOUN
cjfa-33342	397	34	predicted	predict	VERB
cjfa-33342	397	35	by	by	ADP
cjfa-33342	397	36	the	the	DET
cjfa-33342	397	37	implicit	implicit	ADJ
cjfa-33342	397	38	forward	forward	ADJ
cjfa-33342	397	39	rate	rate	NOUN
cjfa-33342	397	40	.	.	PUNCT
cjfa-33342	398	1	it	it	PRON
cjfa-33342	398	2	is	be	AUX
cjfa-33342	398	3	therefore	therefore	ADV
cjfa-33342	398	4	regress	regress	ADJ
cjfa-33342	398	5	on	on	ADP
cjfa-33342	398	6	the	the	DET
cjfa-33342	398	7	realized	realize	VERB
cjfa-33342	398	8	variation	variation	NOUN
cjfa-33342	398	9	in	in	ADP
cjfa-33342	398	10	order	order	NOUN
cjfa-33342	398	11	to	to	PART
cjfa-33342	398	12	know	know	VERB
cjfa-33342	398	13	the	the	DET
cjfa-33342	398	14	predictive	predictive	ADJ
cjfa-33342	398	15	power	power	NOUN
cjfa-33342	398	16	of	of	ADP
cjfa-33342	398	17	the	the	DET
cjfa-33342	398	18	implicit	implicit	ADJ
cjfa-33342	398	19	forward	forward	ADJ
cjfa-33342	398	20	rate	rate	NOUN
cjfa-33342	398	21	.	.	PUNCT
cjfa-33342	399	1	the	the	DET
cjfa-33342	399	2	regression	regression	NOUN
cjfa-33342	399	3	coefficient	coefficient	NOUN
cjfa-33342	399	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	399	5	will	will	AUX
cjfa-33342	399	6	be	be	AUX
cjfa-33342	399	7	equal	equal	ADJ
cjfa-33342	399	8	to	to	ADP
cjfa-33342	399	9	1	1	NUM
cjfa-33342	399	10	if	if	SCONJ
cjfa-33342	399	11	the	the	DET
cjfa-33342	399	12	implicit	implicit	ADJ
cjfa-33342	399	13	forward	forward	ADJ
cjfa-33342	399	14	rate	rate	NOUN
cjfa-33342	399	15	is	be	AUX
cjfa-33342	399	16	a	a	DET
cjfa-33342	399	17	perfect	perfect	ADJ
cjfa-33342	399	18	foresight	foresight	NOUN
cjfa-33342	399	19	indicator	indicator	NOUN
cjfa-33342	399	20	of	of	ADP
cjfa-33342	399	21	short	short	ADJ
cjfa-33342	399	22	terms	term	NOUN
cjfa-33342	399	23	interest	interest	NOUN
cjfa-33342	399	24	rates	rate	NOUN
cjfa-33342	399	25	movements	movement	NOUN
cjfa-33342	399	26	.	.	PUNCT
cjfa-33342	400	1	since	since	SCONJ
cjfa-33342	400	2	(	(	PUNCT
cjfa-33342	400	3	10	10	NUM
cjfa-33342	400	4	)	)	PUNCT
cjfa-33342	400	5	and	and	CCONJ
cjfa-33342	400	6	(	(	PUNCT
cjfa-33342	400	7	11	11	NUM
cjfa-33342	400	8	)	)	PUNCT
cjfa-33342	400	9	are	be	AUX
cjfa-33342	400	10	simple	simple	ADJ
cjfa-33342	400	11	linear	linear	ADJ
cjfa-33342	400	12	regression	regression	NOUN
cjfa-33342	400	13	models	model	NOUN
cjfa-33342	400	14	,	,	PUNCT
cjfa-33342	400	15	all	all	DET
cjfa-33342	400	16	the	the	DET
cjfa-33342	400	17	preliminary	preliminary	ADJ
cjfa-33342	400	18	tests	test	NOUN
cjfa-33342	400	19	of	of	ADP
cjfa-33342	400	20	stationarity	stationarity	NOUN
cjfa-33342	400	21	,	,	PUNCT
cjfa-33342	400	22	co	co	NOUN
cjfa-33342	400	23	-	-	NOUN
cjfa-33342	400	24	integration	integration	NOUN
cjfa-33342	400	25	,	,	PUNCT
cjfa-33342	400	26	normality	normality	NOUN
cjfa-33342	400	27	,	,	PUNCT
cjfa-33342	400	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	400	29	of	of	ADP
cjfa-33342	400	30	errors	error	NOUN
cjfa-33342	400	31	and	and	CCONJ
cjfa-33342	400	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	400	33	were	be	AUX
cjfa-33342	400	34	are	be	AUX
cjfa-33342	400	35	the	the	DET
cjfa-33342	400	36	forward	forward	ADJ
cjfa-33342	400	37	rates	rate	NOUN
cjfa-33342	400	38	respectively	respectively	ADV
cjfa-33342	400	39	at	at	ADP
cjfa-33342	400	40	time	time	NOUN
cjfa-33342	400	41	t+sm	t+sm	NOUN
cjfa-33342	400	42	and	and	CCONJ
cjfa-33342	400	43	t+k	t+k	NUM
cjfa-33342	400	44	.	.	PUNCT
cjfa-33342	401	1	considering	consider	VERB
cjfa-33342	401	2	the	the	DET
cjfa-33342	401	3	fact	fact	NOUN
cjfa-33342	401	4	that	that	SCONJ
cjfa-33342	401	5	n=2	n=2	PRON
cjfa-33342	401	6	and	and	CCONJ
cjfa-33342	401	7	m=1	m=1	X
cjfa-33342	401	8	in	in	ADP
cjfa-33342	401	9	this	this	DET
cjfa-33342	401	10	study	study	NOUN
cjfa-33342	401	11	,	,	PUNCT
cjfa-33342	401	12	the	the	DET
cjfa-33342	401	13	models	model	NOUN
cjfa-33342	401	14	can	can	AUX
cjfa-33342	401	15	be	be	AUX
cjfa-33342	401	16	rewrite	rewrite	VERB
cjfa-33342	401	17	as	as	SCONJ
cjfa-33342	401	18	follows	follow	VERB
cjfa-33342	401	19	:	:	PUNCT
cjfa-33342	401	20	1	1	NUM
cjfa-33342	401	21	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	401	22	�	�	PROPN
cjfa-33342	401	23	(	(	PUNCT
cjfa-33342	401	24	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	401	25	�	�	PROPN
cjfa-33342	401	26	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	401	27	�	�	PROPN
cjfa-33342	401	28	�	�	PROPN
cjfa-33342	401	29	�	�	PROPN
cjfa-33342	401	30	�	�	PROPN
cjfa-33342	401	31	(	(	PUNCT
cjfa-33342	401	32	�	�	PROPN
cjfa-33342	401	33	)	)	PUNCT
cjfa-33342	401	34	−	−	PROPN
cjfa-33342	402	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	402	2	�	�	PROPN
cjfa-33342	402	3	(	(	PUNCT
cjfa-33342	402	4	�	�	PROPN
cjfa-33342	402	5	)	)	PUNCT
cjfa-33342	402	6	)	)	PUNCT
cjfa-33342	402	7	�	�	PROPN
cjfa-33342	402	8	�	�	PROPN
cjfa-33342	402	9	�	�	PROPN
cjfa-33342	402	10	�	�	PROPN
cjfa-33342	402	11	�	�	PROPN
cjfa-33342	402	12	�	�	PROPN
cjfa-33342	402	13	=	=	PUNCT
cjfa-33342	402	14	∝	∝	PROPN
cjfa-33342	402	15	+	+	CCONJ
cjfa-33342	402	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	402	17	�	�	PROPN
cjfa-33342	402	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	402	19	�	�	PROPN
cjfa-33342	402	20	(	(	PUNCT
cjfa-33342	402	21	�	�	PROPN
cjfa-33342	402	22	)	)	PUNCT
cjfa-33342	402	23	−	−	PROPN
cjfa-33342	402	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	402	25	�	�	PROPN
cjfa-33342	402	26	(	(	PUNCT
cjfa-33342	402	27	�	�	PROPN
cjfa-33342	402	28	)	)	PUNCT
cjfa-33342	402	29	�	�	PROPN
cjfa-33342	402	30	+	+	CCONJ
cjfa-33342	402	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	402	32	�	�	PROPN
cjfa-33342	402	33	�	�	PROPN
cjfa-33342	402	34	�	�	PROPN
cjfa-33342	402	35	,	,	PUNCT
cjfa-33342	402	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	402	37	𝑤	𝑤	PART
cjfa-33342	402	38	𝑤	𝑤	NOUN
cjfa-33342	402	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	402	40	𝑤	𝑤	ADP
cjfa-33342	402	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	402	42	(	(	PUNCT
cjfa-33342	402	43	𝑤	𝑤	NOUN
cjfa-33342	402	44	)	)	PUNCT
cjfa-33342	402	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	402	46	�	�	PROPN
cjfa-33342	402	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	402	48	�	�	PROPN
cjfa-33342	402	49	�	�	PROPN
cjfa-33342	402	50	�	�	PROPN
cjfa-33342	402	51	(	(	PUNCT
cjfa-33342	402	52	�	�	PROPN
cjfa-33342	402	53	)	)	PUNCT
cjfa-33342	402	54	−	−	PROPN
cjfa-33342	403	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	403	2	�	�	PROPN
cjfa-33342	403	3	(	(	PUNCT
cjfa-33342	403	4	�	�	PROPN
cjfa-33342	403	5	)	)	PUNCT
cjfa-33342	403	6	=	=	SYM
cjfa-33342	404	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	404	2	+	+	ADJ
cjfa-33342	404	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	404	4	�	�	PROPN
cjfa-33342	404	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	404	6	�	�	PROPN
cjfa-33342	404	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	404	8	,	,	PUNCT
cjfa-33342	404	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	404	10	+	+	CCONJ
cjfa-33342	404	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	404	12	)	)	PUNCT
cjfa-33342	404	13	−	−	PROPN
cjfa-33342	404	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	404	15	�	�	PROPN
cjfa-33342	404	16	(	(	PUNCT
cjfa-33342	404	17	�	�	PROPN
cjfa-33342	404	18	)	)	PUNCT
cjfa-33342	404	19	�	�	PROPN
cjfa-33342	404	20	+	+	CCONJ
cjfa-33342	404	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	404	22	�	�	PROPN
cjfa-33342	404	23	�	�	PROPN
cjfa-33342	404	24	�	�	PROPN
cjfa-33342	404	25	�	�	PROPN
cjfa-33342	404	26	�	�	PROPN
cjfa-33342	404	27	(	(	PUNCT
cjfa-33342	404	28	6	6	NUM
cjfa-33342	404	29	)	)	PUNCT
cjfa-33342	404	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	404	31	�	�	PROPN
cjfa-33342	404	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	404	33	�	�	PROPN
cjfa-33342	404	34	�	�	PROPN
cjfa-33342	404	35	�	�	PROPN
cjfa-33342	404	36	(	(	PUNCT
cjfa-33342	404	37	�	�	PROPN
cjfa-33342	404	38	�	�	PROPN
cjfa-33342	404	39	�	�	PROPN
cjfa-33342	404	40	)	)	PUNCT
cjfa-33342	405	1	−	−	PROPN
cjfa-33342	405	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	405	3	�	�	PROPN
cjfa-33342	405	4	(	(	PUNCT
cjfa-33342	405	5	�	�	PROPN
cjfa-33342	405	6	)	)	PUNCT
cjfa-33342	405	7	=	=	SYM
cjfa-33342	406	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	406	2	+	+	NOUN
cjfa-33342	406	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	406	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	406	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	406	6	−	−	NOUN
cjfa-33342	406	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	406	8	�	�	PROPN
cjfa-33342	406	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	406	10	�	�	PROPN
cjfa-33342	406	11	(	(	PUNCT
cjfa-33342	406	12	�	�	PROPN
cjfa-33342	406	13	)	)	PUNCT
cjfa-33342	406	14	−	−	PROPN
cjfa-33342	407	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	407	2	�	�	PROPN
cjfa-33342	407	3	(	(	PUNCT
cjfa-33342	407	4	�	�	PROPN
cjfa-33342	407	5	)	)	PUNCT
cjfa-33342	407	6	�	�	PROPN
cjfa-33342	407	7	+	+	CCONJ
cjfa-33342	407	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	407	9	�	�	PROPN
cjfa-33342	407	10	�	�	PROPN
cjfa-33342	407	11	�	�	PROPN
cjfa-33342	407	12	(	(	PUNCT
cjfa-33342	407	13	7	7	NUM
cjfa-33342	407	14	)	)	PUNCT
cjfa-33342	407	15	where	where	SCONJ
cjfa-33342	407	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	407	17	�	�	PROPN
cjfa-33342	407	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	407	19	�	�	PROPN
cjfa-33342	407	20	�	�	PROPN
cjfa-33342	407	21	�	�	PROPN
cjfa-33342	407	22	�	�	PROPN
cjfa-33342	407	23	(	(	PUNCT
cjfa-33342	407	24	�	�	PROPN
cjfa-33342	407	25	)	)	PUNCT
cjfa-33342	407	26	,	,	PUNCT
cjfa-33342	407	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	407	28	�	�	PROPN
cjfa-33342	407	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	407	30	�	�	PROPN
cjfa-33342	407	31	�	�	PROPN
cjfa-33342	407	32	�	�	PROPN
cjfa-33342	407	33	(	(	PUNCT
cjfa-33342	407	34	�	�	PROPN
cjfa-33342	407	35	)	)	PUNCT
cjfa-33342	407	36	and	and	CCONJ
cjfa-33342	407	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	407	38	�	�	PROPN
cjfa-33342	407	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	407	40	�	�	PROPN
cjfa-33342	407	41	�	�	PROPN
cjfa-33342	407	42	�	�	PROPN
cjfa-33342	407	43	(	(	PUNCT
cjfa-33342	407	44	�	�	PROPN
cjfa-33342	407	45	�	�	PROPN
cjfa-33342	407	46	�	�	PROPN
cjfa-33342	407	47	)	)	PUNCT
cjfa-33342	407	48	are	be	AUX
cjfa-33342	407	49	the	the	DET
cjfa-33342	407	50	rational	rational	ADJ
cjfa-33342	407	51	expected	expect	VERB
cjfa-33342	407	52	rates	rate	NOUN
cjfa-33342	407	53	,	,	PUNCT
cjfa-33342	407	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	407	55	�	�	PROPN
cjfa-33342	407	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	407	57	,	,	PUNCT
cjfa-33342	407	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	407	59	+	+	CCONJ
cjfa-33342	407	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	407	61	)	)	PUNCT
cjfa-33342	407	62	is	be	AUX
cjfa-33342	407	63	the	the	DET
cjfa-33342	407	64	implicit	implicit	ADJ
cjfa-33342	407	65	forward	forward	ADJ
cjfa-33342	407	66	rate	rate	NOUN
cjfa-33342	407	67	in	in	ADP
cjfa-33342	407	68	the	the	DET
cjfa-33342	407	69	current	current	ADJ
cjfa-33342	407	70	term	term	NOUN
cjfa-33342	407	71	structure	structure	NOUN
cjfa-33342	407	72	,	,	PUNCT
cjfa-33342	407	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	407	74	�	�	PROPN
cjfa-33342	407	75	(	(	PUNCT
cjfa-33342	407	76	�	�	PROPN
cjfa-33342	407	77	)	)	PUNCT
cjfa-33342	407	78	and	and	CCONJ
cjfa-33342	407	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	407	80	�	�	PROPN
cjfa-33342	407	81	(	(	PUNCT
cjfa-33342	407	82	�	�	PROPN
cjfa-33342	407	83	)	)	PUNCT
cjfa-33342	407	84	are	be	AUX
cjfa-33342	407	85	respectively	respectively	ADV
cjfa-33342	407	86	the	the	DET
cjfa-33342	407	87	current	current	ADJ
cjfa-33342	407	88	long	long	ADJ
cjfa-33342	407	89	term	term	NOUN
cjfa-33342	407	90	(	(	PUNCT
cjfa-33342	407	91	n	n	DET
cjfa-33342	407	92	period	period	NOUN
cjfa-33342	407	93	)	)	PUNCT
cjfa-33342	407	94	and	and	CCONJ
cjfa-33342	407	95	short	short	ADJ
cjfa-33342	407	96	term	term	NOUN
cjfa-33342	407	97	(	(	PUNCT
cjfa-33342	407	98	m	m	NOUN
cjfa-33342	407	99	period	period	NOUN
cjfa-33342	407	100	)	)	PUNCT
cjfa-33342	407	101	rate	rate	NOUN
cjfa-33342	407	102	,	,	PUNCT
cjfa-33342	407	103	with	with	ADP
cjfa-33342	407	104	k	k	NOUN
cjfa-33342	407	105	=	=	SYM
cjfa-33342	407	106	n	n	CCONJ
cjfa-33342	407	107	/	/	SYM
cjfa-33342	407	108	m	m	PROPN
cjfa-33342	407	109	,	,	PUNCT
cjfa-33342	407	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	407	111	is	be	AUX
cjfa-33342	407	112	a	a	PRON
cjfa-33342	407	113	with	with	ADP
cjfa-33342	407	114	noise	noise	NOUN
cjfa-33342	407	115	.	.	PUNCT
cjfa-33342	408	1	in	in	ADP
cjfa-33342	408	2	this	this	DET
cjfa-33342	408	3	study	study	NOUN
cjfa-33342	408	4	,	,	PUNCT
cjfa-33342	408	5	we	we	PRON
cjfa-33342	408	6	only	only	ADV
cjfa-33342	408	7	used	use	VERB
cjfa-33342	408	8	the	the	DET
cjfa-33342	408	9	models	model	NOUN
cjfa-33342	408	10	(	(	PUNCT
cjfa-33342	408	11	5	5	NUM
cjfa-33342	408	12	)	)	PUNCT
cjfa-33342	408	13	and	and	CCONJ
cjfa-33342	408	14	(	(	PUNCT
cjfa-33342	408	15	6	6	NUM
cjfa-33342	408	16	)	)	PUNCT
cjfa-33342	408	17	,	,	PUNCT
cjfa-33342	408	18	for	for	ADP
cjfa-33342	408	19	the	the	DET
cjfa-33342	408	20	model	model	NOUN
cjfa-33342	408	21	(	(	PUNCT
cjfa-33342	408	22	7	7	NUM
cjfa-33342	408	23	)	)	PUNCT
cjfa-33342	408	24	assumes	assume	VERB
cjfa-33342	408	25	that	that	SCONJ
cjfa-33342	408	26	k>2	k>2	PROPN
cjfa-33342	408	27	.	.	PUNCT
cjfa-33342	409	1	since	since	SCONJ
cjfa-33342	409	2	we	we	PRON
cjfa-33342	409	3	are	be	AUX
cjfa-33342	409	4	not	not	PART
cjfa-33342	409	5	testing	test	VERB
cjfa-33342	409	6	the	the	DET
cjfa-33342	409	7	rational	rational	ADJ
cjfa-33342	409	8	expectations	expectation	NOUN
cjfa-33342	409	9	hypothesis	hypothesis	NOUN
cjfa-33342	409	10	,	,	PUNCT
cjfa-33342	409	11	those	those	DET
cjfa-33342	409	12	models	model	NOUN
cjfa-33342	409	13	were	be	AUX
cjfa-33342	409	14	reformulated	reformulate	VERB
cjfa-33342	409	15	to	to	PART
cjfa-33342	409	16	test	test	VERB
cjfa-33342	409	17	the	the	DET
cjfa-33342	409	18	predictive	predictive	ADJ
cjfa-33342	409	19	power	power	NOUN
cjfa-33342	409	20	of	of	ADP
cjfa-33342	409	21	the	the	DET
cjfa-33342	409	22	implicit	implicit	ADJ
cjfa-33342	409	23	forward	forward	ADJ
cjfa-33342	409	24	rate	rate	NOUN
cjfa-33342	409	25	as	as	SCONJ
cjfa-33342	409	26	follows	follow	VERB
cjfa-33342	409	27	:	:	PUNCT
cjfa-33342	410	1	1	1	NUM
cjfa-33342	410	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	410	3	�	�	PROPN
cjfa-33342	410	4	(	(	PUNCT
cjfa-33342	410	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	410	6	�	�	PROPN
cjfa-33342	410	7	�	�	PROPN
cjfa-33342	410	8	�	�	PROPN
cjfa-33342	410	9	�	�	PROPN
cjfa-33342	410	10	(	(	PUNCT
cjfa-33342	410	11	�	�	PROPN
cjfa-33342	410	12	)	)	PUNCT
cjfa-33342	410	13	−	−	PROPN
cjfa-33342	410	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	410	15	�	�	PROPN
cjfa-33342	410	16	(	(	PUNCT
cjfa-33342	410	17	�	�	PROPN
cjfa-33342	410	18	)	)	PUNCT
cjfa-33342	410	19	)	)	PUNCT
cjfa-33342	410	20	�	�	PROPN
cjfa-33342	410	21	�	�	PROPN
cjfa-33342	410	22	�	�	PROPN
cjfa-33342	410	23	�	�	PROPN
cjfa-33342	410	24	�	�	PROPN
cjfa-33342	410	25	�	�	PROPN
cjfa-33342	410	26	=	=	PUNCT
cjfa-33342	410	27	∝	∝	PROPN
cjfa-33342	410	28	+	+	CCONJ
cjfa-33342	410	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	410	30	�	�	PROPN
cjfa-33342	410	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	410	32	�	�	PROPN
cjfa-33342	410	33	(	(	PUNCT
cjfa-33342	410	34	�	�	PROPN
cjfa-33342	410	35	)	)	PUNCT
cjfa-33342	410	36	−	−	PROPN
cjfa-33342	410	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	410	38	�	�	PROPN
cjfa-33342	410	39	(	(	PUNCT
cjfa-33342	410	40	�	�	PROPN
cjfa-33342	410	41	)	)	PUNCT
cjfa-33342	410	42	�	�	PROPN
cjfa-33342	410	43	+	+	CCONJ
cjfa-33342	410	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	410	45	�	�	PROPN
cjfa-33342	410	46	�	�	PROPN
cjfa-33342	410	47	�	�	PROPN
cjfa-33342	410	48	,	,	PUNCT
cjfa-33342	410	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	410	50	𝑤	𝑤	PART
cjfa-33342	410	51	𝑤	𝑤	NOUN
cjfa-33342	410	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	410	53	𝑤	𝑤	ADP
cjfa-33342	410	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	410	55	(	(	PUNCT
cjfa-33342	410	56	𝑤	𝑤	NOUN
cjfa-33342	410	57	)	)	PUNCT
cjfa-33342	410	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	410	59	�	�	PROPN
cjfa-33342	410	60	�	�	PROPN
cjfa-33342	410	61	�	�	PROPN
cjfa-33342	410	62	(	(	PUNCT
cjfa-33342	410	63	�	�	PROPN
cjfa-33342	410	64	)	)	PUNCT
cjfa-33342	410	65	−	−	PROPN
cjfa-33342	410	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	410	67	�	�	PROPN
cjfa-33342	410	68	(	(	PUNCT
cjfa-33342	410	69	�	�	PROPN
cjfa-33342	410	70	)	)	PUNCT
cjfa-33342	410	71	=	=	SYM
cjfa-33342	411	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	411	2	+	+	ADJ
cjfa-33342	411	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	411	4	�	�	PROPN
cjfa-33342	411	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	411	6	�	�	PROPN
cjfa-33342	411	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	411	8	,	,	PUNCT
cjfa-33342	411	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	411	10	+	+	CCONJ
cjfa-33342	411	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	411	12	)	)	PUNCT
cjfa-33342	411	13	−	−	PROPN
cjfa-33342	411	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	411	15	�	�	PROPN
cjfa-33342	411	16	(	(	PUNCT
cjfa-33342	411	17	�	�	PROPN
cjfa-33342	411	18	)	)	PUNCT
cjfa-33342	411	19	�	�	PROPN
cjfa-33342	411	20	+	+	CCONJ
cjfa-33342	411	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	411	22	�	�	PROPN
cjfa-33342	411	23	�	�	PROPN
cjfa-33342	411	24	�	�	PROPN
cjfa-33342	411	25	�	�	PROPN
cjfa-33342	411	26	�	�	PROPN
cjfa-33342	411	27	(	(	PUNCT
cjfa-33342	411	28	9	9	NUM
cjfa-33342	411	29	)	)	PUNCT
cjfa-33342	411	30	where	where	SCONJ
cjfa-33342	411	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	411	32	�	�	PROPN
cjfa-33342	411	33	�	�	PROPN
cjfa-33342	411	34	�	�	PROPN
cjfa-33342	411	35	�	�	PROPN
cjfa-33342	411	36	(	(	PUNCT
cjfa-33342	411	37	�	�	PROPN
cjfa-33342	411	38	)	)	PUNCT
cjfa-33342	411	39	and	and	CCONJ
cjfa-33342	411	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	411	41	�	�	PROPN
cjfa-33342	411	42	�	�	PROPN
cjfa-33342	411	43	�	�	PROPN
cjfa-33342	411	44	(	(	PUNCT
cjfa-33342	411	45	�	�	PROPN
cjfa-33342	411	46	)	)	PUNCT
cjfa-33342	411	47	are	be	AUX
cjfa-33342	411	48	the	the	DET
cjfa-33342	411	49	forward	forward	ADJ
cjfa-33342	411	50	rates	rate	NOUN
cjfa-33342	411	51	respectively	respectively	ADV
cjfa-33342	411	52	at	at	ADP
cjfa-33342	411	53	time	time	NOUN
cjfa-33342	411	54	t+sm	t+sm	NOUN
cjfa-33342	411	55	and	and	CCONJ
cjfa-33342	411	56	t+k	t+k	NUM
cjfa-33342	411	57	.	.	PUNCT
cjfa-33342	412	1	considering	consider	VERB
cjfa-33342	412	2	the	the	DET
cjfa-33342	412	3	fact	fact	NOUN
cjfa-33342	412	4	that	that	SCONJ
cjfa-33342	412	5	n=2	n=2	PRON
cjfa-33342	412	6	and	and	CCONJ
cjfa-33342	412	7	m=1	m=1	X
cjfa-33342	412	8	in	in	ADP
cjfa-33342	412	9	this	this	DET
cjfa-33342	412	10	study	study	NOUN
cjfa-33342	412	11	,	,	PUNCT
cjfa-33342	412	12	the	the	DET
cjfa-33342	412	13	models	model	NOUN
cjfa-33342	412	14	can	can	AUX
cjfa-33342	412	15	be	be	AUX
cjfa-33342	412	16	rewrite	rewrite	VERB
cjfa-33342	412	17	as	as	SCONJ
cjfa-33342	412	18	follows	follow	VERB
cjfa-33342	412	19	:	:	PUNCT
cjfa-33342	412	20	1	1	NUM
cjfa-33342	412	21	2	2	NUM
cjfa-33342	412	22	(	(	PUNCT
cjfa-33342	412	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	412	24	�	�	PROPN
cjfa-33342	412	25	�	�	PROPN
cjfa-33342	412	26	�	�	PROPN
cjfa-33342	412	27	(	(	PUNCT
cjfa-33342	412	28	�	�	PROPN
cjfa-33342	412	29	)	)	PUNCT
cjfa-33342	412	30	−	−	PROPN
cjfa-33342	412	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	412	32	�	�	PROPN
cjfa-33342	412	33	(	(	PUNCT
cjfa-33342	412	34	�	�	PROPN
cjfa-33342	412	35	)	)	PUNCT
cjfa-33342	412	36	)	)	PUNCT
cjfa-33342	413	1	=	=	PUNCT
cjfa-33342	413	2	∝	∝	NOUN
cjfa-33342	413	3	+	+	CCONJ
cjfa-33342	413	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	413	5	�	�	PROPN
cjfa-33342	413	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	413	7	�	�	PROPN
cjfa-33342	413	8	(	(	PUNCT
cjfa-33342	413	9	�	�	PROPN
cjfa-33342	413	10	)	)	PUNCT
cjfa-33342	413	11	−	−	PROPN
cjfa-33342	414	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	414	2	�	�	PROPN
cjfa-33342	414	3	(	(	PUNCT
cjfa-33342	414	4	�	�	PROPN
cjfa-33342	414	5	)	)	PUNCT
cjfa-33342	414	6	�	�	PROPN
cjfa-33342	414	7	+	+	CCONJ
cjfa-33342	414	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	414	9	�	�	PROPN
cjfa-33342	414	10	�	�	PROPN
cjfa-33342	414	11	�	�	PROPN
cjfa-33342	414	12	,	,	PUNCT
cjfa-33342	414	13	(	(	PUNCT
cjfa-33342	414	14	1𝑤	1𝑤	NUM
cjfa-33342	414	15	)	)	PUNCT
cjfa-33342	414	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	414	17	�	�	PROPN
cjfa-33342	414	18	�	�	PROPN
cjfa-33342	414	19	�	�	PROPN
cjfa-33342	414	20	(	(	PUNCT
cjfa-33342	414	21	�	�	PROPN
cjfa-33342	414	22	)	)	PUNCT
cjfa-33342	414	23	−	−	PROPN
cjfa-33342	415	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	415	2	�	�	PROPN
cjfa-33342	415	3	(	(	PUNCT
cjfa-33342	415	4	�	�	PROPN
cjfa-33342	415	5	)	)	PUNCT
cjfa-33342	415	6	=	=	SYM
cjfa-33342	416	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	416	2	+	+	ADJ
cjfa-33342	416	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	416	4	�	�	NOUN
cjfa-33342	416	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	416	6	�	�	PROPN
cjfa-33342	416	7	(1	(1	NOUN
cjfa-33342	416	8	,	,	PUNCT
cjfa-33342	416	9	2	2	NUM
cjfa-33342	416	10	)	)	PUNCT
cjfa-33342	416	11	−	−	PROPN
cjfa-33342	416	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	416	13	�	�	PROPN
cjfa-33342	416	14	(	(	PUNCT
cjfa-33342	416	15	�	�	PROPN
cjfa-33342	416	16	)	)	PUNCT
cjfa-33342	416	17	�	�	PROPN
cjfa-33342	416	18	+	+	CCONJ
cjfa-33342	416	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	416	20	�	�	PROPN
cjfa-33342	416	21	�	�	PROPN
cjfa-33342	416	22	�	�	PROPN
cjfa-33342	416	23	�	�	PROPN
cjfa-33342	416	24	�	�	PROPN
cjfa-33342	416	25	(	(	PUNCT
cjfa-33342	416	26	11	11	NUM
cjfa-33342	416	27	)	)	PUNCT
cjfa-33342	416	28	in	in	ADP
cjfa-33342	416	29	each	each	DET
cjfa-33342	416	30	equation	equation	NOUN
cjfa-33342	416	31	,	,	PUNCT
cjfa-33342	416	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	416	33	capture	capture	VERB
cjfa-33342	416	34	the	the	DET
cjfa-33342	416	35	predictive	predictive	ADJ
cjfa-33342	416	36	power	power	NOUN
cjfa-33342	416	37	of	of	ADP
cjfa-33342	416	38	the	the	DET
cjfa-33342	416	39	implicit	implicit	ADJ
cjfa-33342	416	40	forward	forward	ADJ
cjfa-33342	416	41	rate	rate	NOUN
cjfa-33342	416	42	in	in	ADP
cjfa-33342	416	43	the	the	DET
cjfa-33342	416	44	current	current	ADJ
cjfa-33342	416	45	term	term	NOUN
cjfa-33342	416	46	structure	structure	NOUN
cjfa-33342	416	47	.	.	PUNCT
cjfa-33342	417	1	indeed	indeed	ADV
cjfa-33342	417	2	,	,	PUNCT
cjfa-33342	417	3	in	in	ADP
cjfa-33342	417	4	(	(	PUNCT
cjfa-33342	417	5	3.6	3.6	NUM
cjfa-33342	417	6	)	)	PUNCT
cjfa-33342	417	7	,	,	PUNCT
cjfa-33342	417	8	the	the	DET
cjfa-33342	417	9	spread	spread	ADJ
cjfa-33342	417	10	�	�	PROPN
cjfa-33342	417	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	417	12	�	�	PROPN
cjfa-33342	417	13	(	(	PUNCT
cjfa-33342	417	14	�	�	PROPN
cjfa-33342	417	15	)	)	PUNCT
cjfa-33342	417	16	−	−	PROPN
cjfa-33342	417	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	417	18	�	�	PROPN
cjfa-33342	417	19	(	(	PUNCT
cjfa-33342	417	20	�	�	PROPN
cjfa-33342	417	21	)	)	PUNCT
cjfa-33342	417	22	�	�	PROPN
cjfa-33342	417	23	is	be	AUX
cjfa-33342	417	24	supposed	suppose	VERB
cjfa-33342	417	25	to	to	PART
cjfa-33342	417	26	be	be	AUX
cjfa-33342	417	27	mathematically	mathematically	ADV
cjfa-33342	417	28	equal	equal	ADJ
cjfa-33342	417	29	to	to	ADP
cjfa-33342	417	30	the	the	DET
cjfa-33342	417	31	half	half	ADJ
cjfa-33342	417	32	rate	rate	NOUN
cjfa-33342	417	33	variation	variation	NOUN
cjfa-33342	417	34	predicted	predict	VERB
cjfa-33342	417	35	by	by	ADP
cjfa-33342	417	36	the	the	DET
cjfa-33342	417	37	implicit	implicit	ADJ
cjfa-33342	417	38	forward	forward	ADJ
cjfa-33342	417	39	rate	rate	NOUN
cjfa-33342	417	40	.	.	PUNCT
cjfa-33342	418	1	it	it	PRON
cjfa-33342	418	2	is	be	AUX
cjfa-33342	418	3	therefore	therefore	ADV
cjfa-33342	418	4	regress	regress	ADJ
cjfa-33342	418	5	on	on	ADP
cjfa-33342	418	6	the	the	DET
cjfa-33342	418	7	realized	realize	VERB
cjfa-33342	418	8	variation	variation	NOUN
cjfa-33342	418	9	in	in	ADP
cjfa-33342	418	10	order	order	NOUN
cjfa-33342	418	11	to	to	PART
cjfa-33342	418	12	know	know	VERB
cjfa-33342	418	13	the	the	DET
cjfa-33342	418	14	predictive	predictive	ADJ
cjfa-33342	418	15	power	power	NOUN
cjfa-33342	418	16	of	of	ADP
cjfa-33342	418	17	the	the	DET
cjfa-33342	418	18	implicit	implicit	ADJ
cjfa-33342	418	19	forward	forward	ADJ
cjfa-33342	418	20	rate	rate	NOUN
cjfa-33342	418	21	.	.	PUNCT
cjfa-33342	419	1	the	the	DET
cjfa-33342	419	2	regression	regression	NOUN
cjfa-33342	419	3	coefficient	coefficient	NOUN
cjfa-33342	419	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	419	5	will	will	AUX
cjfa-33342	419	6	be	be	AUX
cjfa-33342	419	7	equal	equal	ADJ
cjfa-33342	419	8	to	to	ADP
cjfa-33342	419	9	1	1	NUM
cjfa-33342	419	10	if	if	SCONJ
cjfa-33342	419	11	the	the	DET
cjfa-33342	419	12	implicit	implicit	ADJ
cjfa-33342	419	13	forward	forward	ADJ
cjfa-33342	419	14	rate	rate	NOUN
cjfa-33342	419	15	is	be	AUX
cjfa-33342	419	16	a	a	DET
cjfa-33342	419	17	perfect	perfect	ADJ
cjfa-33342	419	18	foresight	foresight	NOUN
cjfa-33342	419	19	indicator	indicator	NOUN
cjfa-33342	419	20	of	of	ADP
cjfa-33342	419	21	short	short	ADJ
cjfa-33342	419	22	terms	term	NOUN
cjfa-33342	419	23	interest	interest	NOUN
cjfa-33342	419	24	rates	rate	NOUN
cjfa-33342	419	25	movements	movement	NOUN
cjfa-33342	419	26	.	.	PUNCT
cjfa-33342	420	1	since	since	SCONJ
cjfa-33342	420	2	(	(	PUNCT
cjfa-33342	420	3	10	10	NUM
cjfa-33342	420	4	)	)	PUNCT
cjfa-33342	420	5	and	and	CCONJ
cjfa-33342	420	6	(	(	PUNCT
cjfa-33342	420	7	11	11	NUM
cjfa-33342	420	8	)	)	PUNCT
cjfa-33342	420	9	are	be	AUX
cjfa-33342	420	10	simple	simple	ADJ
cjfa-33342	420	11	linear	linear	ADJ
cjfa-33342	420	12	regression	regression	NOUN
cjfa-33342	420	13	models	model	NOUN
cjfa-33342	420	14	,	,	PUNCT
cjfa-33342	420	15	all	all	DET
cjfa-33342	420	16	the	the	DET
cjfa-33342	420	17	preliminary	preliminary	ADJ
cjfa-33342	420	18	tests	test	NOUN
cjfa-33342	420	19	of	of	ADP
cjfa-33342	420	20	stationarity	stationarity	NOUN
cjfa-33342	420	21	,	,	PUNCT
cjfa-33342	420	22	co	co	NOUN
cjfa-33342	420	23	-	-	NOUN
cjfa-33342	420	24	integration	integration	NOUN
cjfa-33342	420	25	,	,	PUNCT
cjfa-33342	420	26	normality	normality	NOUN
cjfa-33342	420	27	,	,	PUNCT
cjfa-33342	420	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	420	29	of	of	ADP
cjfa-33342	420	30	errors	error	NOUN
cjfa-33342	420	31	and	and	CCONJ
cjfa-33342	420	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	420	33	were	be	AUX
cjfa-33342	420	34	(	(	PUNCT
cjfa-33342	420	35	10	10	NUM
cjfa-33342	420	36	)	)	SYM
cjfa-33342	420	37	1	1	NUM
cjfa-33342	420	38	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	420	39	�	�	PROPN
cjfa-33342	420	40	(	(	PUNCT
cjfa-33342	420	41	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	420	42	�	�	PROPN
cjfa-33342	420	43	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	420	44	�	�	PROPN
cjfa-33342	420	45	�	�	PROPN
cjfa-33342	420	46	�	�	PROPN
cjfa-33342	420	47	�	�	PROPN
cjfa-33342	420	48	(	(	PUNCT
cjfa-33342	420	49	�	�	PROPN
cjfa-33342	420	50	)	)	PUNCT
cjfa-33342	420	51	−	−	PROPN
cjfa-33342	421	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	421	2	�	�	PROPN
cjfa-33342	421	3	(	(	PUNCT
cjfa-33342	421	4	�	�	PROPN
cjfa-33342	421	5	)	)	PUNCT
cjfa-33342	421	6	)	)	PUNCT
cjfa-33342	421	7	�	�	PROPN
cjfa-33342	421	8	�	�	PROPN
cjfa-33342	421	9	�	�	PROPN
cjfa-33342	421	10	�	�	PROPN
cjfa-33342	421	11	�	�	PROPN
cjfa-33342	421	12	�	�	PROPN
cjfa-33342	421	13	=	=	PUNCT
cjfa-33342	421	14	∝	∝	PROPN
cjfa-33342	421	15	+	+	CCONJ
cjfa-33342	421	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	421	17	�	�	PROPN
cjfa-33342	421	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	421	19	�	�	PROPN
cjfa-33342	421	20	(	(	PUNCT
cjfa-33342	421	21	�	�	PROPN
cjfa-33342	421	22	)	)	PUNCT
cjfa-33342	421	23	−	−	PROPN
cjfa-33342	421	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	421	25	�	�	PROPN
cjfa-33342	421	26	(	(	PUNCT
cjfa-33342	421	27	�	�	PROPN
cjfa-33342	421	28	)	)	PUNCT
cjfa-33342	421	29	�	�	PROPN
cjfa-33342	421	30	+	+	CCONJ
cjfa-33342	421	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	421	32	�	�	PROPN
cjfa-33342	421	33	�	�	PROPN
cjfa-33342	421	34	�	�	PROPN
cjfa-33342	421	35	,	,	PUNCT
cjfa-33342	421	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	421	37	𝑤	𝑤	PART
cjfa-33342	421	38	𝑤	𝑤	NOUN
cjfa-33342	421	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	421	40	𝑤	𝑤	ADP
cjfa-33342	421	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	421	42	(	(	PUNCT
cjfa-33342	421	43	𝑤	𝑤	NOUN
cjfa-33342	421	44	)	)	PUNCT
cjfa-33342	421	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	421	46	�	�	PROPN
cjfa-33342	421	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	421	48	�	�	PROPN
cjfa-33342	421	49	�	�	PROPN
cjfa-33342	421	50	�	�	PROPN
cjfa-33342	421	51	(	(	PUNCT
cjfa-33342	421	52	�	�	PROPN
cjfa-33342	421	53	)	)	PUNCT
cjfa-33342	421	54	−	−	PROPN
cjfa-33342	422	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	422	2	�	�	PROPN
cjfa-33342	422	3	(	(	PUNCT
cjfa-33342	422	4	�	�	PROPN
cjfa-33342	422	5	)	)	PUNCT
cjfa-33342	422	6	=	=	SYM
cjfa-33342	423	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	423	2	+	+	ADJ
cjfa-33342	423	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	423	4	�	�	PROPN
cjfa-33342	423	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	423	6	�	�	PROPN
cjfa-33342	423	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	423	8	,	,	PUNCT
cjfa-33342	423	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	423	10	+	+	CCONJ
cjfa-33342	423	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	423	12	)	)	PUNCT
cjfa-33342	423	13	−	−	PROPN
cjfa-33342	423	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	423	15	�	�	PROPN
cjfa-33342	423	16	(	(	PUNCT
cjfa-33342	423	17	�	�	PROPN
cjfa-33342	423	18	)	)	PUNCT
cjfa-33342	423	19	�	�	PROPN
cjfa-33342	423	20	+	+	CCONJ
cjfa-33342	423	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	423	22	�	�	PROPN
cjfa-33342	423	23	�	�	PROPN
cjfa-33342	423	24	�	�	PROPN
cjfa-33342	423	25	�	�	PROPN
cjfa-33342	423	26	�	�	PROPN
cjfa-33342	423	27	(	(	PUNCT
cjfa-33342	423	28	6	6	NUM
cjfa-33342	423	29	)	)	PUNCT
cjfa-33342	423	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	423	31	�	�	PROPN
cjfa-33342	423	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	423	33	�	�	PROPN
cjfa-33342	423	34	�	�	PROPN
cjfa-33342	423	35	�	�	PROPN
cjfa-33342	423	36	(	(	PUNCT
cjfa-33342	423	37	�	�	PROPN
cjfa-33342	423	38	�	�	PROPN
cjfa-33342	423	39	�	�	PROPN
cjfa-33342	423	40	)	)	PUNCT
cjfa-33342	424	1	−	−	PROPN
cjfa-33342	424	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	424	3	�	�	PROPN
cjfa-33342	424	4	(	(	PUNCT
cjfa-33342	424	5	�	�	PROPN
cjfa-33342	424	6	)	)	PUNCT
cjfa-33342	424	7	=	=	SYM
cjfa-33342	425	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	425	2	+	+	NOUN
cjfa-33342	425	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	425	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	425	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	425	6	−	−	NOUN
cjfa-33342	425	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	425	8	�	�	PROPN
cjfa-33342	425	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	425	10	�	�	PROPN
cjfa-33342	425	11	(	(	PUNCT
cjfa-33342	425	12	�	�	PROPN
cjfa-33342	425	13	)	)	PUNCT
cjfa-33342	425	14	−	−	PROPN
cjfa-33342	426	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	426	2	�	�	PROPN
cjfa-33342	426	3	(	(	PUNCT
cjfa-33342	426	4	�	�	PROPN
cjfa-33342	426	5	)	)	PUNCT
cjfa-33342	426	6	�	�	PROPN
cjfa-33342	426	7	+	+	CCONJ
cjfa-33342	426	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	426	9	�	�	PROPN
cjfa-33342	426	10	�	�	PROPN
cjfa-33342	426	11	�	�	PROPN
cjfa-33342	426	12	(	(	PUNCT
cjfa-33342	426	13	7	7	NUM
cjfa-33342	426	14	)	)	PUNCT
cjfa-33342	426	15	where	where	SCONJ
cjfa-33342	426	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	426	17	�	�	PROPN
cjfa-33342	426	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	426	19	�	�	PROPN
cjfa-33342	426	20	�	�	PROPN
cjfa-33342	426	21	�	�	PROPN
cjfa-33342	426	22	�	�	PROPN
cjfa-33342	426	23	(	(	PUNCT
cjfa-33342	426	24	�	�	PROPN
cjfa-33342	426	25	)	)	PUNCT
cjfa-33342	426	26	,	,	PUNCT
cjfa-33342	426	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	426	28	�	�	PROPN
cjfa-33342	426	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	426	30	�	�	PROPN
cjfa-33342	426	31	�	�	PROPN
cjfa-33342	426	32	�	�	PROPN
cjfa-33342	426	33	(	(	PUNCT
cjfa-33342	426	34	�	�	PROPN
cjfa-33342	426	35	)	)	PUNCT
cjfa-33342	426	36	and	and	CCONJ
cjfa-33342	426	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	426	38	�	�	PROPN
cjfa-33342	426	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	426	40	�	�	PROPN
cjfa-33342	426	41	�	�	PROPN
cjfa-33342	426	42	�	�	PROPN
cjfa-33342	426	43	(	(	PUNCT
cjfa-33342	426	44	�	�	PROPN
cjfa-33342	426	45	�	�	PROPN
cjfa-33342	426	46	�	�	PROPN
cjfa-33342	426	47	)	)	PUNCT
cjfa-33342	426	48	are	be	AUX
cjfa-33342	426	49	the	the	DET
cjfa-33342	426	50	rational	rational	ADJ
cjfa-33342	426	51	expected	expect	VERB
cjfa-33342	426	52	rates	rate	NOUN
cjfa-33342	426	53	,	,	PUNCT
cjfa-33342	426	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	426	55	�	�	PROPN
cjfa-33342	426	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	426	57	,	,	PUNCT
cjfa-33342	426	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	426	59	+	+	CCONJ
cjfa-33342	426	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	426	61	)	)	PUNCT
cjfa-33342	426	62	is	be	AUX
cjfa-33342	426	63	the	the	DET
cjfa-33342	426	64	implicit	implicit	ADJ
cjfa-33342	426	65	forward	forward	ADJ
cjfa-33342	426	66	rate	rate	NOUN
cjfa-33342	426	67	in	in	ADP
cjfa-33342	426	68	the	the	DET
cjfa-33342	426	69	current	current	ADJ
cjfa-33342	426	70	term	term	NOUN
cjfa-33342	426	71	structure	structure	NOUN
cjfa-33342	426	72	,	,	PUNCT
cjfa-33342	426	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	426	74	�	�	PROPN
cjfa-33342	426	75	(	(	PUNCT
cjfa-33342	426	76	�	�	PROPN
cjfa-33342	426	77	)	)	PUNCT
cjfa-33342	426	78	and	and	CCONJ
cjfa-33342	426	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	426	80	�	�	PROPN
cjfa-33342	426	81	(	(	PUNCT
cjfa-33342	426	82	�	�	PROPN
cjfa-33342	426	83	)	)	PUNCT
cjfa-33342	426	84	are	be	AUX
cjfa-33342	426	85	respectively	respectively	ADV
cjfa-33342	426	86	the	the	DET
cjfa-33342	426	87	current	current	ADJ
cjfa-33342	426	88	long	long	ADJ
cjfa-33342	426	89	term	term	NOUN
cjfa-33342	426	90	(	(	PUNCT
cjfa-33342	426	91	n	n	DET
cjfa-33342	426	92	period	period	NOUN
cjfa-33342	426	93	)	)	PUNCT
cjfa-33342	426	94	and	and	CCONJ
cjfa-33342	426	95	short	short	ADJ
cjfa-33342	426	96	term	term	NOUN
cjfa-33342	426	97	(	(	PUNCT
cjfa-33342	426	98	m	m	NOUN
cjfa-33342	426	99	period	period	NOUN
cjfa-33342	426	100	)	)	PUNCT
cjfa-33342	426	101	rate	rate	NOUN
cjfa-33342	426	102	,	,	PUNCT
cjfa-33342	426	103	with	with	ADP
cjfa-33342	426	104	k	k	NOUN
cjfa-33342	426	105	=	=	SYM
cjfa-33342	426	106	n	n	CCONJ
cjfa-33342	426	107	/	/	SYM
cjfa-33342	426	108	m	m	PROPN
cjfa-33342	426	109	,	,	PUNCT
cjfa-33342	426	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	426	111	is	be	AUX
cjfa-33342	426	112	a	a	PRON
cjfa-33342	426	113	with	with	ADP
cjfa-33342	426	114	noise	noise	NOUN
cjfa-33342	426	115	.	.	PUNCT
cjfa-33342	427	1	in	in	ADP
cjfa-33342	427	2	this	this	DET
cjfa-33342	427	3	study	study	NOUN
cjfa-33342	427	4	,	,	PUNCT
cjfa-33342	427	5	we	we	PRON
cjfa-33342	427	6	only	only	ADV
cjfa-33342	427	7	used	use	VERB
cjfa-33342	427	8	the	the	DET
cjfa-33342	427	9	models	model	NOUN
cjfa-33342	427	10	(	(	PUNCT
cjfa-33342	427	11	5	5	NUM
cjfa-33342	427	12	)	)	PUNCT
cjfa-33342	427	13	and	and	CCONJ
cjfa-33342	427	14	(	(	PUNCT
cjfa-33342	427	15	6	6	NUM
cjfa-33342	427	16	)	)	PUNCT
cjfa-33342	427	17	,	,	PUNCT
cjfa-33342	427	18	for	for	ADP
cjfa-33342	427	19	the	the	DET
cjfa-33342	427	20	model	model	NOUN
cjfa-33342	427	21	(	(	PUNCT
cjfa-33342	427	22	7	7	NUM
cjfa-33342	427	23	)	)	PUNCT
cjfa-33342	427	24	assumes	assume	VERB
cjfa-33342	427	25	that	that	SCONJ
cjfa-33342	427	26	k>2	k>2	PROPN
cjfa-33342	427	27	.	.	PUNCT
cjfa-33342	428	1	since	since	SCONJ
cjfa-33342	428	2	we	we	PRON
cjfa-33342	428	3	are	be	AUX
cjfa-33342	428	4	not	not	PART
cjfa-33342	428	5	testing	test	VERB
cjfa-33342	428	6	the	the	DET
cjfa-33342	428	7	rational	rational	ADJ
cjfa-33342	428	8	expectations	expectation	NOUN
cjfa-33342	428	9	hypothesis	hypothesis	NOUN
cjfa-33342	428	10	,	,	PUNCT
cjfa-33342	428	11	those	those	DET
cjfa-33342	428	12	models	model	NOUN
cjfa-33342	428	13	were	be	AUX
cjfa-33342	428	14	reformulated	reformulate	VERB
cjfa-33342	428	15	to	to	PART
cjfa-33342	428	16	test	test	VERB
cjfa-33342	428	17	the	the	DET
cjfa-33342	428	18	predictive	predictive	ADJ
cjfa-33342	428	19	power	power	NOUN
cjfa-33342	428	20	of	of	ADP
cjfa-33342	428	21	the	the	DET
cjfa-33342	428	22	implicit	implicit	ADJ
cjfa-33342	428	23	forward	forward	ADJ
cjfa-33342	428	24	rate	rate	NOUN
cjfa-33342	428	25	as	as	SCONJ
cjfa-33342	428	26	follows	follow	VERB
cjfa-33342	428	27	:	:	PUNCT
cjfa-33342	429	1	1	1	NUM
cjfa-33342	429	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	429	3	�	�	PROPN
cjfa-33342	429	4	(	(	PUNCT
cjfa-33342	429	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	429	6	�	�	PROPN
cjfa-33342	429	7	�	�	PROPN
cjfa-33342	429	8	�	�	PROPN
cjfa-33342	429	9	�	�	PROPN
cjfa-33342	429	10	(	(	PUNCT
cjfa-33342	429	11	�	�	PROPN
cjfa-33342	429	12	)	)	PUNCT
cjfa-33342	429	13	−	−	PROPN
cjfa-33342	429	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	429	15	�	�	PROPN
cjfa-33342	429	16	(	(	PUNCT
cjfa-33342	429	17	�	�	PROPN
cjfa-33342	429	18	)	)	PUNCT
cjfa-33342	429	19	)	)	PUNCT
cjfa-33342	429	20	�	�	PROPN
cjfa-33342	429	21	�	�	PROPN
cjfa-33342	429	22	�	�	PROPN
cjfa-33342	429	23	�	�	PROPN
cjfa-33342	429	24	�	�	PROPN
cjfa-33342	429	25	�	�	PROPN
cjfa-33342	429	26	=	=	PUNCT
cjfa-33342	429	27	∝	∝	PROPN
cjfa-33342	429	28	+	+	CCONJ
cjfa-33342	429	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	429	30	�	�	PROPN
cjfa-33342	429	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	429	32	�	�	PROPN
cjfa-33342	429	33	(	(	PUNCT
cjfa-33342	429	34	�	�	PROPN
cjfa-33342	429	35	)	)	PUNCT
cjfa-33342	429	36	−	−	PROPN
cjfa-33342	429	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	429	38	�	�	PROPN
cjfa-33342	429	39	(	(	PUNCT
cjfa-33342	429	40	�	�	PROPN
cjfa-33342	429	41	)	)	PUNCT
cjfa-33342	429	42	�	�	PROPN
cjfa-33342	429	43	+	+	CCONJ
cjfa-33342	429	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	429	45	�	�	PROPN
cjfa-33342	429	46	�	�	PROPN
cjfa-33342	429	47	�	�	PROPN
cjfa-33342	429	48	,	,	PUNCT
cjfa-33342	429	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	429	50	𝑤	𝑤	PART
cjfa-33342	429	51	𝑤	𝑤	NOUN
cjfa-33342	429	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	429	53	𝑤	𝑤	ADP
cjfa-33342	429	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	429	55	(	(	PUNCT
cjfa-33342	429	56	𝑤	𝑤	NOUN
cjfa-33342	429	57	)	)	PUNCT
cjfa-33342	429	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	429	59	�	�	PROPN
cjfa-33342	429	60	�	�	PROPN
cjfa-33342	429	61	�	�	PROPN
cjfa-33342	429	62	(	(	PUNCT
cjfa-33342	429	63	�	�	PROPN
cjfa-33342	429	64	)	)	PUNCT
cjfa-33342	429	65	−	−	PROPN
cjfa-33342	429	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	429	67	�	�	PROPN
cjfa-33342	429	68	(	(	PUNCT
cjfa-33342	429	69	�	�	PROPN
cjfa-33342	429	70	)	)	PUNCT
cjfa-33342	429	71	=	=	SYM
cjfa-33342	430	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	430	2	+	+	ADJ
cjfa-33342	430	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	430	4	�	�	PROPN
cjfa-33342	430	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	430	6	�	�	PROPN
cjfa-33342	430	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	430	8	,	,	PUNCT
cjfa-33342	430	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	430	10	+	+	CCONJ
cjfa-33342	430	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	430	12	)	)	PUNCT
cjfa-33342	430	13	−	−	PROPN
cjfa-33342	430	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	430	15	�	�	PROPN
cjfa-33342	430	16	(	(	PUNCT
cjfa-33342	430	17	�	�	PROPN
cjfa-33342	430	18	)	)	PUNCT
cjfa-33342	430	19	�	�	PROPN
cjfa-33342	430	20	+	+	CCONJ
cjfa-33342	430	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	430	22	�	�	PROPN
cjfa-33342	430	23	�	�	PROPN
cjfa-33342	430	24	�	�	PROPN
cjfa-33342	430	25	�	�	PROPN
cjfa-33342	430	26	�	�	PROPN
cjfa-33342	430	27	(	(	PUNCT
cjfa-33342	430	28	9	9	NUM
cjfa-33342	430	29	)	)	PUNCT
cjfa-33342	430	30	where	where	SCONJ
cjfa-33342	430	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	430	32	�	�	PROPN
cjfa-33342	430	33	�	�	PROPN
cjfa-33342	430	34	�	�	PROPN
cjfa-33342	430	35	�	�	PROPN
cjfa-33342	430	36	(	(	PUNCT
cjfa-33342	430	37	�	�	PROPN
cjfa-33342	430	38	)	)	PUNCT
cjfa-33342	430	39	and	and	CCONJ
cjfa-33342	430	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	430	41	�	�	PROPN
cjfa-33342	430	42	�	�	PROPN
cjfa-33342	430	43	�	�	PROPN
cjfa-33342	430	44	(	(	PUNCT
cjfa-33342	430	45	�	�	PROPN
cjfa-33342	430	46	)	)	PUNCT
cjfa-33342	430	47	are	be	AUX
cjfa-33342	430	48	the	the	DET
cjfa-33342	430	49	forward	forward	ADJ
cjfa-33342	430	50	rates	rate	NOUN
cjfa-33342	430	51	respectively	respectively	ADV
cjfa-33342	430	52	at	at	ADP
cjfa-33342	430	53	time	time	NOUN
cjfa-33342	430	54	t+sm	t+sm	NOUN
cjfa-33342	430	55	and	and	CCONJ
cjfa-33342	430	56	t+k	t+k	NUM
cjfa-33342	430	57	.	.	PUNCT
cjfa-33342	431	1	considering	consider	VERB
cjfa-33342	431	2	the	the	DET
cjfa-33342	431	3	fact	fact	NOUN
cjfa-33342	431	4	that	that	SCONJ
cjfa-33342	431	5	n=2	n=2	PRON
cjfa-33342	431	6	and	and	CCONJ
cjfa-33342	431	7	m=1	m=1	X
cjfa-33342	431	8	in	in	ADP
cjfa-33342	431	9	this	this	DET
cjfa-33342	431	10	study	study	NOUN
cjfa-33342	431	11	,	,	PUNCT
cjfa-33342	431	12	the	the	DET
cjfa-33342	431	13	models	model	NOUN
cjfa-33342	431	14	can	can	AUX
cjfa-33342	431	15	be	be	AUX
cjfa-33342	431	16	rewrite	rewrite	VERB
cjfa-33342	431	17	as	as	SCONJ
cjfa-33342	431	18	follows	follow	VERB
cjfa-33342	431	19	:	:	PUNCT
cjfa-33342	431	20	1	1	NUM
cjfa-33342	431	21	2	2	NUM
cjfa-33342	431	22	(	(	PUNCT
cjfa-33342	431	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	431	24	�	�	PROPN
cjfa-33342	431	25	�	�	PROPN
cjfa-33342	431	26	�	�	PROPN
cjfa-33342	431	27	(	(	PUNCT
cjfa-33342	431	28	�	�	PROPN
cjfa-33342	431	29	)	)	PUNCT
cjfa-33342	431	30	−	−	PROPN
cjfa-33342	431	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	431	32	�	�	PROPN
cjfa-33342	431	33	(	(	PUNCT
cjfa-33342	431	34	�	�	PROPN
cjfa-33342	431	35	)	)	PUNCT
cjfa-33342	431	36	)	)	PUNCT
cjfa-33342	432	1	=	=	PUNCT
cjfa-33342	432	2	∝	∝	NOUN
cjfa-33342	432	3	+	+	CCONJ
cjfa-33342	432	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	432	5	�	�	PROPN
cjfa-33342	432	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	432	7	�	�	PROPN
cjfa-33342	432	8	(	(	PUNCT
cjfa-33342	432	9	�	�	PROPN
cjfa-33342	432	10	)	)	PUNCT
cjfa-33342	432	11	−	−	PROPN
cjfa-33342	433	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	433	2	�	�	PROPN
cjfa-33342	433	3	(	(	PUNCT
cjfa-33342	433	4	�	�	PROPN
cjfa-33342	433	5	)	)	PUNCT
cjfa-33342	433	6	�	�	PROPN
cjfa-33342	433	7	+	+	CCONJ
cjfa-33342	433	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	433	9	�	�	PROPN
cjfa-33342	433	10	�	�	PROPN
cjfa-33342	433	11	�	�	PROPN
cjfa-33342	433	12	,	,	PUNCT
cjfa-33342	433	13	(	(	PUNCT
cjfa-33342	433	14	1𝑤	1𝑤	NUM
cjfa-33342	433	15	)	)	PUNCT
cjfa-33342	433	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	433	17	�	�	PROPN
cjfa-33342	433	18	�	�	PROPN
cjfa-33342	433	19	�	�	PROPN
cjfa-33342	433	20	(	(	PUNCT
cjfa-33342	433	21	�	�	PROPN
cjfa-33342	433	22	)	)	PUNCT
cjfa-33342	433	23	−	−	PROPN
cjfa-33342	434	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	434	2	�	�	PROPN
cjfa-33342	434	3	(	(	PUNCT
cjfa-33342	434	4	�	�	PROPN
cjfa-33342	434	5	)	)	PUNCT
cjfa-33342	434	6	=	=	SYM
cjfa-33342	435	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	435	2	+	+	ADJ
cjfa-33342	435	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	435	4	�	�	NOUN
cjfa-33342	435	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	435	6	�	�	PROPN
cjfa-33342	435	7	(1	(1	NOUN
cjfa-33342	435	8	,	,	PUNCT
cjfa-33342	435	9	2	2	NUM
cjfa-33342	435	10	)	)	PUNCT
cjfa-33342	435	11	−	−	PROPN
cjfa-33342	435	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	435	13	�	�	PROPN
cjfa-33342	435	14	(	(	PUNCT
cjfa-33342	435	15	�	�	PROPN
cjfa-33342	435	16	)	)	PUNCT
cjfa-33342	435	17	�	�	PROPN
cjfa-33342	435	18	+	+	CCONJ
cjfa-33342	435	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	435	20	�	�	PROPN
cjfa-33342	435	21	�	�	PROPN
cjfa-33342	435	22	�	�	PROPN
cjfa-33342	435	23	�	�	PROPN
cjfa-33342	435	24	�	�	PROPN
cjfa-33342	435	25	(	(	PUNCT
cjfa-33342	435	26	11	11	NUM
cjfa-33342	435	27	)	)	PUNCT
cjfa-33342	435	28	in	in	ADP
cjfa-33342	435	29	each	each	DET
cjfa-33342	435	30	equation	equation	NOUN
cjfa-33342	435	31	,	,	PUNCT
cjfa-33342	435	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	435	33	capture	capture	VERB
cjfa-33342	435	34	the	the	DET
cjfa-33342	435	35	predictive	predictive	ADJ
cjfa-33342	435	36	power	power	NOUN
cjfa-33342	435	37	of	of	ADP
cjfa-33342	435	38	the	the	DET
cjfa-33342	435	39	implicit	implicit	ADJ
cjfa-33342	435	40	forward	forward	ADJ
cjfa-33342	435	41	rate	rate	NOUN
cjfa-33342	435	42	in	in	ADP
cjfa-33342	435	43	the	the	DET
cjfa-33342	435	44	current	current	ADJ
cjfa-33342	435	45	term	term	NOUN
cjfa-33342	435	46	structure	structure	NOUN
cjfa-33342	435	47	.	.	PUNCT
cjfa-33342	436	1	indeed	indeed	ADV
cjfa-33342	436	2	,	,	PUNCT
cjfa-33342	436	3	in	in	ADP
cjfa-33342	436	4	(	(	PUNCT
cjfa-33342	436	5	3.6	3.6	NUM
cjfa-33342	436	6	)	)	PUNCT
cjfa-33342	436	7	,	,	PUNCT
cjfa-33342	436	8	the	the	DET
cjfa-33342	436	9	spread	spread	ADJ
cjfa-33342	436	10	�	�	PROPN
cjfa-33342	436	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	436	12	�	�	PROPN
cjfa-33342	436	13	(	(	PUNCT
cjfa-33342	436	14	�	�	PROPN
cjfa-33342	436	15	)	)	PUNCT
cjfa-33342	436	16	−	−	PROPN
cjfa-33342	436	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	436	18	�	�	PROPN
cjfa-33342	436	19	(	(	PUNCT
cjfa-33342	436	20	�	�	PROPN
cjfa-33342	436	21	)	)	PUNCT
cjfa-33342	436	22	�	�	PROPN
cjfa-33342	436	23	is	be	AUX
cjfa-33342	436	24	supposed	suppose	VERB
cjfa-33342	436	25	to	to	PART
cjfa-33342	436	26	be	be	AUX
cjfa-33342	436	27	mathematically	mathematically	ADV
cjfa-33342	436	28	equal	equal	ADJ
cjfa-33342	436	29	to	to	ADP
cjfa-33342	436	30	the	the	DET
cjfa-33342	436	31	half	half	ADJ
cjfa-33342	436	32	rate	rate	NOUN
cjfa-33342	436	33	variation	variation	NOUN
cjfa-33342	436	34	predicted	predict	VERB
cjfa-33342	436	35	by	by	ADP
cjfa-33342	436	36	the	the	DET
cjfa-33342	436	37	implicit	implicit	ADJ
cjfa-33342	436	38	forward	forward	ADJ
cjfa-33342	436	39	rate	rate	NOUN
cjfa-33342	436	40	.	.	PUNCT
cjfa-33342	437	1	it	it	PRON
cjfa-33342	437	2	is	be	AUX
cjfa-33342	437	3	therefore	therefore	ADV
cjfa-33342	437	4	regress	regress	ADJ
cjfa-33342	437	5	on	on	ADP
cjfa-33342	437	6	the	the	DET
cjfa-33342	437	7	realized	realize	VERB
cjfa-33342	437	8	variation	variation	NOUN
cjfa-33342	437	9	in	in	ADP
cjfa-33342	437	10	order	order	NOUN
cjfa-33342	437	11	to	to	PART
cjfa-33342	437	12	know	know	VERB
cjfa-33342	437	13	the	the	DET
cjfa-33342	437	14	predictive	predictive	ADJ
cjfa-33342	437	15	power	power	NOUN
cjfa-33342	437	16	of	of	ADP
cjfa-33342	437	17	the	the	DET
cjfa-33342	437	18	implicit	implicit	ADJ
cjfa-33342	437	19	forward	forward	ADJ
cjfa-33342	437	20	rate	rate	NOUN
cjfa-33342	437	21	.	.	PUNCT
cjfa-33342	438	1	the	the	DET
cjfa-33342	438	2	regression	regression	NOUN
cjfa-33342	438	3	coefficient	coefficient	NOUN
cjfa-33342	438	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	438	5	will	will	AUX
cjfa-33342	438	6	be	be	AUX
cjfa-33342	438	7	equal	equal	ADJ
cjfa-33342	438	8	to	to	ADP
cjfa-33342	438	9	1	1	NUM
cjfa-33342	438	10	if	if	SCONJ
cjfa-33342	438	11	the	the	DET
cjfa-33342	438	12	implicit	implicit	ADJ
cjfa-33342	438	13	forward	forward	ADJ
cjfa-33342	438	14	rate	rate	NOUN
cjfa-33342	438	15	is	be	AUX
cjfa-33342	438	16	a	a	DET
cjfa-33342	438	17	perfect	perfect	ADJ
cjfa-33342	438	18	foresight	foresight	NOUN
cjfa-33342	438	19	indicator	indicator	NOUN
cjfa-33342	438	20	of	of	ADP
cjfa-33342	438	21	short	short	ADJ
cjfa-33342	438	22	terms	term	NOUN
cjfa-33342	438	23	interest	interest	NOUN
cjfa-33342	438	24	rates	rate	NOUN
cjfa-33342	438	25	movements	movement	NOUN
cjfa-33342	438	26	.	.	PUNCT
cjfa-33342	439	1	since	since	SCONJ
cjfa-33342	439	2	(	(	PUNCT
cjfa-33342	439	3	10	10	NUM
cjfa-33342	439	4	)	)	PUNCT
cjfa-33342	439	5	and	and	CCONJ
cjfa-33342	439	6	(	(	PUNCT
cjfa-33342	439	7	11	11	NUM
cjfa-33342	439	8	)	)	PUNCT
cjfa-33342	439	9	are	be	AUX
cjfa-33342	439	10	simple	simple	ADJ
cjfa-33342	439	11	linear	linear	ADJ
cjfa-33342	439	12	regression	regression	NOUN
cjfa-33342	439	13	models	model	NOUN
cjfa-33342	439	14	,	,	PUNCT
cjfa-33342	439	15	all	all	DET
cjfa-33342	439	16	the	the	DET
cjfa-33342	439	17	preliminary	preliminary	ADJ
cjfa-33342	439	18	tests	test	NOUN
cjfa-33342	439	19	of	of	ADP
cjfa-33342	439	20	stationarity	stationarity	NOUN
cjfa-33342	439	21	,	,	PUNCT
cjfa-33342	439	22	co	co	NOUN
cjfa-33342	439	23	-	-	NOUN
cjfa-33342	439	24	integration	integration	NOUN
cjfa-33342	439	25	,	,	PUNCT
cjfa-33342	439	26	normality	normality	NOUN
cjfa-33342	439	27	,	,	PUNCT
cjfa-33342	439	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	439	29	of	of	ADP
cjfa-33342	439	30	errors	error	NOUN
cjfa-33342	439	31	and	and	CCONJ
cjfa-33342	439	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	439	33	were	be	AUX
cjfa-33342	439	34	(	(	PUNCT
cjfa-33342	439	35	11	11	NUM
cjfa-33342	439	36	)	)	PUNCT
cjfa-33342	439	37	in	in	ADP
cjfa-33342	439	38	each	each	DET
cjfa-33342	439	39	equation	equation	NOUN
cjfa-33342	439	40	,	,	PUNCT
cjfa-33342	439	41	β	β	X
cjfa-33342	439	42	capture	capture	VERB
cjfa-33342	439	43	the	the	DET
cjfa-33342	439	44	predictive	predictive	ADJ
cjfa-33342	439	45	power	power	NOUN
cjfa-33342	439	46	of	of	ADP
cjfa-33342	439	47	the	the	DET
cjfa-33342	439	48	implicit	implicit	ADJ
cjfa-33342	439	49	forward	forward	ADJ
cjfa-33342	439	50	rate	rate	NOUN
cjfa-33342	439	51	in	in	ADP
cjfa-33342	439	52	the	the	DET
cjfa-33342	439	53	current	current	ADJ
cjfa-33342	439	54	term	term	NOUN
cjfa-33342	439	55	structure	structure	NOUN
cjfa-33342	439	56	.	.	PUNCT
cjfa-33342	440	1	indeed	indeed	ADV
cjfa-33342	440	2	,	,	PUNCT
cjfa-33342	440	3	in	in	ADP
cjfa-33342	440	4	(	(	PUNCT
cjfa-33342	440	5	3.6	3.6	NUM
cjfa-33342	440	6	)	)	PUNCT
cjfa-33342	440	7	,	,	PUNCT
cjfa-33342	440	8	the	the	DET
cjfa-33342	440	9	spread	spread	ADJ
cjfa-33342	440	10	1	1	NUM
cjfa-33342	440	11	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	440	12	�	�	PROPN
cjfa-33342	440	13	(	(	PUNCT
cjfa-33342	440	14	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	440	15	�	�	PROPN
cjfa-33342	440	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	440	17	�	�	PROPN
cjfa-33342	440	18	�	�	PROPN
cjfa-33342	440	19	�	�	PROPN
cjfa-33342	440	20	�	�	PROPN
cjfa-33342	440	21	(	(	PUNCT
cjfa-33342	440	22	�	�	PROPN
cjfa-33342	440	23	)	)	PUNCT
cjfa-33342	440	24	−	−	PROPN
cjfa-33342	441	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	441	2	�	�	PROPN
cjfa-33342	441	3	(	(	PUNCT
cjfa-33342	441	4	�	�	PROPN
cjfa-33342	441	5	)	)	PUNCT
cjfa-33342	441	6	)	)	PUNCT
cjfa-33342	441	7	�	�	PROPN
cjfa-33342	441	8	�	�	PROPN
cjfa-33342	441	9	�	�	PROPN
cjfa-33342	441	10	�	�	PROPN
cjfa-33342	441	11	�	�	PROPN
cjfa-33342	441	12	�	�	PROPN
cjfa-33342	441	13	=	=	PUNCT
cjfa-33342	441	14	∝	∝	PROPN
cjfa-33342	441	15	+	+	CCONJ
cjfa-33342	441	16	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	441	17	�	�	PROPN
cjfa-33342	441	18	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	441	19	�	�	PROPN
cjfa-33342	441	20	(	(	PUNCT
cjfa-33342	441	21	�	�	PROPN
cjfa-33342	441	22	)	)	PUNCT
cjfa-33342	441	23	−	−	PROPN
cjfa-33342	441	24	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	441	25	�	�	PROPN
cjfa-33342	441	26	(	(	PUNCT
cjfa-33342	441	27	�	�	PROPN
cjfa-33342	441	28	)	)	PUNCT
cjfa-33342	441	29	�	�	PROPN
cjfa-33342	441	30	+	+	CCONJ
cjfa-33342	441	31	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	441	32	�	�	PROPN
cjfa-33342	441	33	�	�	PROPN
cjfa-33342	441	34	�	�	PROPN
cjfa-33342	441	35	,	,	PUNCT
cjfa-33342	441	36	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	441	37	𝑤	𝑤	PART
cjfa-33342	441	38	𝑤	𝑤	NOUN
cjfa-33342	441	39	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	441	40	𝑤	𝑤	ADP
cjfa-33342	441	41	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	441	42	(	(	PUNCT
cjfa-33342	441	43	𝑤	𝑤	NOUN
cjfa-33342	441	44	)	)	PUNCT
cjfa-33342	441	45	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	441	46	�	�	PROPN
cjfa-33342	441	47	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	441	48	�	�	PROPN
cjfa-33342	441	49	�	�	PROPN
cjfa-33342	441	50	�	�	PROPN
cjfa-33342	441	51	(	(	PUNCT
cjfa-33342	441	52	�	�	PROPN
cjfa-33342	441	53	)	)	PUNCT
cjfa-33342	441	54	−	−	PROPN
cjfa-33342	442	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	442	2	�	�	PROPN
cjfa-33342	442	3	(	(	PUNCT
cjfa-33342	442	4	�	�	PROPN
cjfa-33342	442	5	)	)	PUNCT
cjfa-33342	442	6	=	=	SYM
cjfa-33342	443	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	443	2	+	+	ADJ
cjfa-33342	443	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	443	4	�	�	PROPN
cjfa-33342	443	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	443	6	�	�	PROPN
cjfa-33342	443	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	443	8	,	,	PUNCT
cjfa-33342	443	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	443	10	+	+	CCONJ
cjfa-33342	443	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	443	12	)	)	PUNCT
cjfa-33342	443	13	−	−	PROPN
cjfa-33342	443	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	443	15	�	�	PROPN
cjfa-33342	443	16	(	(	PUNCT
cjfa-33342	443	17	�	�	PROPN
cjfa-33342	443	18	)	)	PUNCT
cjfa-33342	443	19	�	�	PROPN
cjfa-33342	443	20	+	+	CCONJ
cjfa-33342	443	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	443	22	�	�	PROPN
cjfa-33342	443	23	�	�	PROPN
cjfa-33342	443	24	�	�	PROPN
cjfa-33342	443	25	�	�	PROPN
cjfa-33342	443	26	�	�	PROPN
cjfa-33342	443	27	(	(	PUNCT
cjfa-33342	443	28	6	6	NUM
cjfa-33342	443	29	)	)	PUNCT
cjfa-33342	443	30	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	443	31	�	�	PROPN
cjfa-33342	443	32	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	443	33	�	�	PROPN
cjfa-33342	443	34	�	�	PROPN
cjfa-33342	443	35	�	�	PROPN
cjfa-33342	443	36	(	(	PUNCT
cjfa-33342	443	37	�	�	PROPN
cjfa-33342	443	38	�	�	PROPN
cjfa-33342	443	39	�	�	PROPN
cjfa-33342	443	40	)	)	PUNCT
cjfa-33342	444	1	−	−	PROPN
cjfa-33342	444	2	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	444	3	�	�	PROPN
cjfa-33342	444	4	(	(	PUNCT
cjfa-33342	444	5	�	�	PROPN
cjfa-33342	444	6	)	)	PUNCT
cjfa-33342	444	7	=	=	SYM
cjfa-33342	445	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	445	2	+	+	NOUN
cjfa-33342	445	3	𝛽𝛽	𝛽𝛽	ADJ
cjfa-33342	445	4	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	445	5	𝑤𝑤	𝑤𝑤	ADP
cjfa-33342	445	6	−	−	NOUN
cjfa-33342	445	7	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	445	8	�	�	PROPN
cjfa-33342	445	9	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	445	10	�	�	PROPN
cjfa-33342	445	11	(	(	PUNCT
cjfa-33342	445	12	�	�	PROPN
cjfa-33342	445	13	)	)	PUNCT
cjfa-33342	445	14	−	−	PROPN
cjfa-33342	446	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	446	2	�	�	PROPN
cjfa-33342	446	3	(	(	PUNCT
cjfa-33342	446	4	�	�	PROPN
cjfa-33342	446	5	)	)	PUNCT
cjfa-33342	446	6	�	�	PROPN
cjfa-33342	446	7	+	+	CCONJ
cjfa-33342	446	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	446	9	�	�	PROPN
cjfa-33342	446	10	�	�	PROPN
cjfa-33342	446	11	�	�	PROPN
cjfa-33342	446	12	(	(	PUNCT
cjfa-33342	446	13	7	7	NUM
cjfa-33342	446	14	)	)	PUNCT
cjfa-33342	446	15	where	where	SCONJ
cjfa-33342	446	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	446	17	�	�	PROPN
cjfa-33342	446	18	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	446	19	�	�	PROPN
cjfa-33342	446	20	�	�	PROPN
cjfa-33342	446	21	�	�	PROPN
cjfa-33342	446	22	�	�	PROPN
cjfa-33342	446	23	(	(	PUNCT
cjfa-33342	446	24	�	�	PROPN
cjfa-33342	446	25	)	)	PUNCT
cjfa-33342	446	26	,	,	PUNCT
cjfa-33342	446	27	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	446	28	�	�	PROPN
cjfa-33342	446	29	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	446	30	�	�	PROPN
cjfa-33342	446	31	�	�	PROPN
cjfa-33342	446	32	�	�	PROPN
cjfa-33342	446	33	(	(	PUNCT
cjfa-33342	446	34	�	�	PROPN
cjfa-33342	446	35	)	)	PUNCT
cjfa-33342	446	36	and	and	CCONJ
cjfa-33342	446	37	𝐸𝐸	𝐸𝐸	PROPN
cjfa-33342	446	38	�	�	PROPN
cjfa-33342	446	39	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	446	40	�	�	PROPN
cjfa-33342	446	41	�	�	PROPN
cjfa-33342	446	42	�	�	PROPN
cjfa-33342	446	43	(	(	PUNCT
cjfa-33342	446	44	�	�	PROPN
cjfa-33342	446	45	�	�	PROPN
cjfa-33342	446	46	�	�	PROPN
cjfa-33342	446	47	)	)	PUNCT
cjfa-33342	446	48	are	be	AUX
cjfa-33342	446	49	the	the	DET
cjfa-33342	446	50	rational	rational	ADJ
cjfa-33342	446	51	expected	expect	VERB
cjfa-33342	446	52	rates	rate	NOUN
cjfa-33342	446	53	,	,	PUNCT
cjfa-33342	446	54	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	446	55	�	�	PROPN
cjfa-33342	446	56	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	446	57	,	,	PUNCT
cjfa-33342	446	58	𝑘𝑘	𝑘𝑘	X
cjfa-33342	446	59	+	+	CCONJ
cjfa-33342	446	60	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	446	61	)	)	PUNCT
cjfa-33342	446	62	is	be	AUX
cjfa-33342	446	63	the	the	DET
cjfa-33342	446	64	implicit	implicit	ADJ
cjfa-33342	446	65	forward	forward	ADJ
cjfa-33342	446	66	rate	rate	NOUN
cjfa-33342	446	67	in	in	ADP
cjfa-33342	446	68	the	the	DET
cjfa-33342	446	69	current	current	ADJ
cjfa-33342	446	70	term	term	NOUN
cjfa-33342	446	71	structure	structure	NOUN
cjfa-33342	446	72	,	,	PUNCT
cjfa-33342	446	73	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	446	74	�	�	PROPN
cjfa-33342	446	75	(	(	PUNCT
cjfa-33342	446	76	�	�	PROPN
cjfa-33342	446	77	)	)	PUNCT
cjfa-33342	446	78	and	and	CCONJ
cjfa-33342	446	79	𝑟𝑟	𝑟𝑟	PART
cjfa-33342	446	80	�	�	PROPN
cjfa-33342	446	81	(	(	PUNCT
cjfa-33342	446	82	�	�	PROPN
cjfa-33342	446	83	)	)	PUNCT
cjfa-33342	446	84	are	be	AUX
cjfa-33342	446	85	respectively	respectively	ADV
cjfa-33342	446	86	the	the	DET
cjfa-33342	446	87	current	current	ADJ
cjfa-33342	446	88	long	long	ADJ
cjfa-33342	446	89	term	term	NOUN
cjfa-33342	446	90	(	(	PUNCT
cjfa-33342	446	91	n	n	DET
cjfa-33342	446	92	period	period	NOUN
cjfa-33342	446	93	)	)	PUNCT
cjfa-33342	446	94	and	and	CCONJ
cjfa-33342	446	95	short	short	ADJ
cjfa-33342	446	96	term	term	NOUN
cjfa-33342	446	97	(	(	PUNCT
cjfa-33342	446	98	m	m	NOUN
cjfa-33342	446	99	period	period	NOUN
cjfa-33342	446	100	)	)	PUNCT
cjfa-33342	446	101	rate	rate	NOUN
cjfa-33342	446	102	,	,	PUNCT
cjfa-33342	446	103	with	with	ADP
cjfa-33342	446	104	k	k	NOUN
cjfa-33342	446	105	=	=	SYM
cjfa-33342	446	106	n	n	CCONJ
cjfa-33342	446	107	/	/	SYM
cjfa-33342	446	108	m	m	PROPN
cjfa-33342	446	109	,	,	PUNCT
cjfa-33342	446	110	𝜀𝜀	𝜀𝜀	PRON
cjfa-33342	446	111	is	be	AUX
cjfa-33342	446	112	a	a	PRON
cjfa-33342	446	113	with	with	ADP
cjfa-33342	446	114	noise	noise	NOUN
cjfa-33342	446	115	.	.	PUNCT
cjfa-33342	447	1	in	in	ADP
cjfa-33342	447	2	this	this	DET
cjfa-33342	447	3	study	study	NOUN
cjfa-33342	447	4	,	,	PUNCT
cjfa-33342	447	5	we	we	PRON
cjfa-33342	447	6	only	only	ADV
cjfa-33342	447	7	used	use	VERB
cjfa-33342	447	8	the	the	DET
cjfa-33342	447	9	models	model	NOUN
cjfa-33342	447	10	(	(	PUNCT
cjfa-33342	447	11	5	5	NUM
cjfa-33342	447	12	)	)	PUNCT
cjfa-33342	447	13	and	and	CCONJ
cjfa-33342	447	14	(	(	PUNCT
cjfa-33342	447	15	6	6	NUM
cjfa-33342	447	16	)	)	PUNCT
cjfa-33342	447	17	,	,	PUNCT
cjfa-33342	447	18	for	for	ADP
cjfa-33342	447	19	the	the	DET
cjfa-33342	447	20	model	model	NOUN
cjfa-33342	447	21	(	(	PUNCT
cjfa-33342	447	22	7	7	NUM
cjfa-33342	447	23	)	)	PUNCT
cjfa-33342	447	24	assumes	assume	VERB
cjfa-33342	447	25	that	that	SCONJ
cjfa-33342	447	26	k>2	k>2	PROPN
cjfa-33342	447	27	.	.	PUNCT
cjfa-33342	448	1	since	since	SCONJ
cjfa-33342	448	2	we	we	PRON
cjfa-33342	448	3	are	be	AUX
cjfa-33342	448	4	not	not	PART
cjfa-33342	448	5	testing	test	VERB
cjfa-33342	448	6	the	the	DET
cjfa-33342	448	7	rational	rational	ADJ
cjfa-33342	448	8	expectations	expectation	NOUN
cjfa-33342	448	9	hypothesis	hypothesis	NOUN
cjfa-33342	448	10	,	,	PUNCT
cjfa-33342	448	11	those	those	DET
cjfa-33342	448	12	models	model	NOUN
cjfa-33342	448	13	were	be	AUX
cjfa-33342	448	14	reformulated	reformulate	VERB
cjfa-33342	448	15	to	to	PART
cjfa-33342	448	16	test	test	VERB
cjfa-33342	448	17	the	the	DET
cjfa-33342	448	18	predictive	predictive	ADJ
cjfa-33342	448	19	power	power	NOUN
cjfa-33342	448	20	of	of	ADP
cjfa-33342	448	21	the	the	DET
cjfa-33342	448	22	implicit	implicit	ADJ
cjfa-33342	448	23	forward	forward	ADJ
cjfa-33342	448	24	rate	rate	NOUN
cjfa-33342	448	25	as	as	SCONJ
cjfa-33342	448	26	follows	follow	VERB
cjfa-33342	448	27	:	:	PUNCT
cjfa-33342	449	1	1	1	NUM
cjfa-33342	449	2	𝑘𝑘	𝑘𝑘	PRON
cjfa-33342	449	3	�	�	PROPN
cjfa-33342	449	4	(	(	PUNCT
cjfa-33342	449	5	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	449	6	�	�	PROPN
cjfa-33342	449	7	�	�	PROPN
cjfa-33342	449	8	�	�	PROPN
cjfa-33342	449	9	�	�	PROPN
cjfa-33342	449	10	(	(	PUNCT
cjfa-33342	449	11	�	�	PROPN
cjfa-33342	449	12	)	)	PUNCT
cjfa-33342	449	13	−	−	PROPN
cjfa-33342	449	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	449	15	�	�	PROPN
cjfa-33342	449	16	(	(	PUNCT
cjfa-33342	449	17	�	�	PROPN
cjfa-33342	449	18	)	)	PUNCT
cjfa-33342	449	19	)	)	PUNCT
cjfa-33342	449	20	�	�	PROPN
cjfa-33342	449	21	�	�	PROPN
cjfa-33342	449	22	�	�	PROPN
cjfa-33342	449	23	�	�	PROPN
cjfa-33342	449	24	�	�	PROPN
cjfa-33342	449	25	�	�	PROPN
cjfa-33342	449	26	=	=	PUNCT
cjfa-33342	449	27	∝	∝	PROPN
cjfa-33342	449	28	+	+	CCONJ
cjfa-33342	449	29	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	449	30	�	�	PROPN
cjfa-33342	449	31	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	449	32	�	�	PROPN
cjfa-33342	449	33	(	(	PUNCT
cjfa-33342	449	34	�	�	PROPN
cjfa-33342	449	35	)	)	PUNCT
cjfa-33342	449	36	−	−	PROPN
cjfa-33342	449	37	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	449	38	�	�	PROPN
cjfa-33342	449	39	(	(	PUNCT
cjfa-33342	449	40	�	�	PROPN
cjfa-33342	449	41	)	)	PUNCT
cjfa-33342	449	42	�	�	PROPN
cjfa-33342	449	43	+	+	CCONJ
cjfa-33342	449	44	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	449	45	�	�	PROPN
cjfa-33342	449	46	�	�	PROPN
cjfa-33342	449	47	�	�	PROPN
cjfa-33342	449	48	,	,	PUNCT
cjfa-33342	449	49	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	𝑤𝑤𝑤𝑤𝑤𝑤𝑤	NOUN
cjfa-33342	449	50	𝑤	𝑤	PART
cjfa-33342	449	51	𝑤	𝑤	NOUN
cjfa-33342	449	52	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	449	53	𝑤	𝑤	ADP
cjfa-33342	449	54	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	449	55	(	(	PUNCT
cjfa-33342	449	56	𝑤	𝑤	NOUN
cjfa-33342	449	57	)	)	PUNCT
cjfa-33342	449	58	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	449	59	�	�	PROPN
cjfa-33342	449	60	�	�	PROPN
cjfa-33342	449	61	�	�	PROPN
cjfa-33342	449	62	(	(	PUNCT
cjfa-33342	449	63	�	�	PROPN
cjfa-33342	449	64	)	)	PUNCT
cjfa-33342	449	65	−	−	PROPN
cjfa-33342	449	66	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	449	67	�	�	PROPN
cjfa-33342	449	68	(	(	PUNCT
cjfa-33342	449	69	�	�	PROPN
cjfa-33342	449	70	)	)	PUNCT
cjfa-33342	449	71	=	=	SYM
cjfa-33342	450	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	450	2	+	+	ADJ
cjfa-33342	450	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	450	4	�	�	PROPN
cjfa-33342	450	5	𝑓𝑓	𝑓𝑓	PROPN
cjfa-33342	450	6	�	�	PROPN
cjfa-33342	450	7	(𝑘𝑘	(𝑘𝑘	NUM
cjfa-33342	450	8	,	,	PUNCT
cjfa-33342	450	9	𝑘𝑘	𝑘𝑘	X
cjfa-33342	450	10	+	+	CCONJ
cjfa-33342	450	11	𝑤𝑤	𝑤𝑤	NOUN
cjfa-33342	450	12	)	)	PUNCT
cjfa-33342	450	13	−	−	PROPN
cjfa-33342	450	14	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	450	15	�	�	PROPN
cjfa-33342	450	16	(	(	PUNCT
cjfa-33342	450	17	�	�	PROPN
cjfa-33342	450	18	)	)	PUNCT
cjfa-33342	450	19	�	�	PROPN
cjfa-33342	450	20	+	+	CCONJ
cjfa-33342	450	21	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	450	22	�	�	PROPN
cjfa-33342	450	23	�	�	PROPN
cjfa-33342	450	24	�	�	PROPN
cjfa-33342	450	25	�	�	PROPN
cjfa-33342	450	26	�	�	PROPN
cjfa-33342	450	27	(	(	PUNCT
cjfa-33342	450	28	9	9	NUM
cjfa-33342	450	29	)	)	PUNCT
cjfa-33342	450	30	where	where	SCONJ
cjfa-33342	450	31	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	450	32	�	�	PROPN
cjfa-33342	450	33	�	�	PROPN
cjfa-33342	450	34	�	�	PROPN
cjfa-33342	450	35	�	�	PROPN
cjfa-33342	450	36	(	(	PUNCT
cjfa-33342	450	37	�	�	PROPN
cjfa-33342	450	38	)	)	PUNCT
cjfa-33342	450	39	and	and	CCONJ
cjfa-33342	450	40	𝑟𝑟	𝑟𝑟	ADP
cjfa-33342	450	41	�	�	PROPN
cjfa-33342	450	42	�	�	PROPN
cjfa-33342	450	43	�	�	PROPN
cjfa-33342	450	44	(	(	PUNCT
cjfa-33342	450	45	�	�	PROPN
cjfa-33342	450	46	)	)	PUNCT
cjfa-33342	450	47	are	be	AUX
cjfa-33342	450	48	the	the	DET
cjfa-33342	450	49	forward	forward	ADJ
cjfa-33342	450	50	rates	rate	NOUN
cjfa-33342	450	51	respectively	respectively	ADV
cjfa-33342	450	52	at	at	ADP
cjfa-33342	450	53	time	time	NOUN
cjfa-33342	450	54	t+sm	t+sm	NOUN
cjfa-33342	450	55	and	and	CCONJ
cjfa-33342	450	56	t+k	t+k	NUM
cjfa-33342	450	57	.	.	PUNCT
cjfa-33342	451	1	considering	consider	VERB
cjfa-33342	451	2	the	the	DET
cjfa-33342	451	3	fact	fact	NOUN
cjfa-33342	451	4	that	that	SCONJ
cjfa-33342	451	5	n=2	n=2	PRON
cjfa-33342	451	6	and	and	CCONJ
cjfa-33342	451	7	m=1	m=1	X
cjfa-33342	451	8	in	in	ADP
cjfa-33342	451	9	this	this	DET
cjfa-33342	451	10	study	study	NOUN
cjfa-33342	451	11	,	,	PUNCT
cjfa-33342	451	12	the	the	DET
cjfa-33342	451	13	models	model	NOUN
cjfa-33342	451	14	can	can	AUX
cjfa-33342	451	15	be	be	AUX
cjfa-33342	451	16	rewrite	rewrite	VERB
cjfa-33342	451	17	as	as	SCONJ
cjfa-33342	451	18	follows	follow	VERB
cjfa-33342	451	19	:	:	PUNCT
cjfa-33342	451	20	1	1	NUM
cjfa-33342	451	21	2	2	NUM
cjfa-33342	451	22	(	(	PUNCT
cjfa-33342	451	23	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	451	24	�	�	PROPN
cjfa-33342	451	25	�	�	PROPN
cjfa-33342	451	26	�	�	PROPN
cjfa-33342	451	27	(	(	PUNCT
cjfa-33342	451	28	�	�	PROPN
cjfa-33342	451	29	)	)	PUNCT
cjfa-33342	451	30	−	−	PROPN
cjfa-33342	451	31	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	451	32	�	�	PROPN
cjfa-33342	451	33	(	(	PUNCT
cjfa-33342	451	34	�	�	PROPN
cjfa-33342	451	35	)	)	PUNCT
cjfa-33342	451	36	)	)	PUNCT
cjfa-33342	452	1	=	=	PUNCT
cjfa-33342	452	2	∝	∝	NOUN
cjfa-33342	452	3	+	+	CCONJ
cjfa-33342	452	4	𝛽𝛽	𝛽𝛽	PROPN
cjfa-33342	452	5	�	�	PROPN
cjfa-33342	452	6	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	452	7	�	�	PROPN
cjfa-33342	452	8	(	(	PUNCT
cjfa-33342	452	9	�	�	PROPN
cjfa-33342	452	10	)	)	PUNCT
cjfa-33342	452	11	−	−	PROPN
cjfa-33342	453	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	453	2	�	�	PROPN
cjfa-33342	453	3	(	(	PUNCT
cjfa-33342	453	4	�	�	PROPN
cjfa-33342	453	5	)	)	PUNCT
cjfa-33342	453	6	�	�	PROPN
cjfa-33342	453	7	+	+	CCONJ
cjfa-33342	453	8	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	453	9	�	�	PROPN
cjfa-33342	453	10	�	�	PROPN
cjfa-33342	453	11	�	�	PROPN
cjfa-33342	453	12	,	,	PUNCT
cjfa-33342	453	13	(	(	PUNCT
cjfa-33342	453	14	1𝑤	1𝑤	NUM
cjfa-33342	453	15	)	)	PUNCT
cjfa-33342	453	16	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	453	17	�	�	PROPN
cjfa-33342	453	18	�	�	PROPN
cjfa-33342	453	19	�	�	PROPN
cjfa-33342	453	20	(	(	PUNCT
cjfa-33342	453	21	�	�	PROPN
cjfa-33342	453	22	)	)	PUNCT
cjfa-33342	453	23	−	−	PROPN
cjfa-33342	454	1	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	454	2	�	�	PROPN
cjfa-33342	454	3	(	(	PUNCT
cjfa-33342	454	4	�	�	PROPN
cjfa-33342	454	5	)	)	PUNCT
cjfa-33342	454	6	=	=	SYM
cjfa-33342	455	1	𝛼𝛼	𝛼𝛼	ADP
cjfa-33342	455	2	+	+	ADJ
cjfa-33342	455	3	𝛽𝛽	𝛽𝛽	NOUN
cjfa-33342	455	4	�	�	NOUN
cjfa-33342	455	5	𝑓𝑓	𝑓𝑓	NOUN
cjfa-33342	455	6	�	�	PROPN
cjfa-33342	455	7	(1	(1	NOUN
cjfa-33342	455	8	,	,	PUNCT
cjfa-33342	455	9	2	2	NUM
cjfa-33342	455	10	)	)	PUNCT
cjfa-33342	455	11	−	−	PROPN
cjfa-33342	455	12	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	455	13	�	�	PROPN
cjfa-33342	455	14	(	(	PUNCT
cjfa-33342	455	15	�	�	PROPN
cjfa-33342	455	16	)	)	PUNCT
cjfa-33342	455	17	�	�	PROPN
cjfa-33342	455	18	+	+	CCONJ
cjfa-33342	455	19	𝜀𝜀	𝜀𝜀	PROPN
cjfa-33342	455	20	�	�	PROPN
cjfa-33342	455	21	�	�	PROPN
cjfa-33342	455	22	�	�	PROPN
cjfa-33342	455	23	�	�	PROPN
cjfa-33342	455	24	�	�	PROPN
cjfa-33342	455	25	(	(	PUNCT
cjfa-33342	455	26	11	11	NUM
cjfa-33342	455	27	)	)	PUNCT
cjfa-33342	455	28	in	in	ADP
cjfa-33342	455	29	each	each	DET
cjfa-33342	455	30	equation	equation	NOUN
cjfa-33342	455	31	,	,	PUNCT
cjfa-33342	455	32	𝛽𝛽	𝛽𝛽	AUX
cjfa-33342	455	33	capture	capture	VERB
cjfa-33342	455	34	the	the	DET
cjfa-33342	455	35	predictive	predictive	ADJ
cjfa-33342	455	36	power	power	NOUN
cjfa-33342	455	37	of	of	ADP
cjfa-33342	455	38	the	the	DET
cjfa-33342	455	39	implicit	implicit	ADJ
cjfa-33342	455	40	forward	forward	ADJ
cjfa-33342	455	41	rate	rate	NOUN
cjfa-33342	455	42	in	in	ADP
cjfa-33342	455	43	the	the	DET
cjfa-33342	455	44	current	current	ADJ
cjfa-33342	455	45	term	term	NOUN
cjfa-33342	455	46	structure	structure	NOUN
cjfa-33342	455	47	.	.	PUNCT
cjfa-33342	456	1	indeed	indeed	ADV
cjfa-33342	456	2	,	,	PUNCT
cjfa-33342	456	3	in	in	ADP
cjfa-33342	456	4	(	(	PUNCT
cjfa-33342	456	5	3.6	3.6	NUM
cjfa-33342	456	6	)	)	PUNCT
cjfa-33342	456	7	,	,	PUNCT
cjfa-33342	456	8	the	the	DET
cjfa-33342	456	9	spread	spread	ADJ
cjfa-33342	456	10	�	�	PROPN
cjfa-33342	456	11	𝑅𝑅	𝑅𝑅	PROPN
cjfa-33342	456	12	�	�	PROPN
cjfa-33342	456	13	(	(	PUNCT
cjfa-33342	456	14	�	�	PROPN
cjfa-33342	456	15	)	)	PUNCT
cjfa-33342	456	16	−	−	PROPN
cjfa-33342	456	17	𝑟𝑟	𝑟𝑟	PROPN
cjfa-33342	456	18	�	�	PROPN
cjfa-33342	456	19	(	(	PUNCT
cjfa-33342	456	20	�	�	PROPN
cjfa-33342	456	21	)	)	PUNCT
cjfa-33342	456	22	�	�	PROPN
cjfa-33342	456	23	is	be	AUX
cjfa-33342	456	24	supposed	suppose	VERB
cjfa-33342	456	25	to	to	PART
cjfa-33342	456	26	be	be	AUX
cjfa-33342	456	27	mathematically	mathematically	ADV
cjfa-33342	456	28	equal	equal	ADJ
cjfa-33342	456	29	to	to	ADP
cjfa-33342	456	30	the	the	DET
cjfa-33342	456	31	half	half	ADJ
cjfa-33342	456	32	rate	rate	NOUN
cjfa-33342	456	33	variation	variation	NOUN
cjfa-33342	456	34	predicted	predict	VERB
cjfa-33342	456	35	by	by	ADP
cjfa-33342	456	36	the	the	DET
cjfa-33342	456	37	implicit	implicit	ADJ
cjfa-33342	456	38	forward	forward	ADJ
cjfa-33342	456	39	rate	rate	NOUN
cjfa-33342	456	40	.	.	PUNCT
cjfa-33342	457	1	it	it	PRON
cjfa-33342	457	2	is	be	AUX
cjfa-33342	457	3	therefore	therefore	ADV
cjfa-33342	457	4	regress	regress	ADJ
cjfa-33342	457	5	on	on	ADP
cjfa-33342	457	6	the	the	DET
cjfa-33342	457	7	realized	realize	VERB
cjfa-33342	457	8	variation	variation	NOUN
cjfa-33342	457	9	in	in	ADP
cjfa-33342	457	10	order	order	NOUN
cjfa-33342	457	11	to	to	PART
cjfa-33342	457	12	know	know	VERB
cjfa-33342	457	13	the	the	DET
cjfa-33342	457	14	predictive	predictive	ADJ
cjfa-33342	457	15	power	power	NOUN
cjfa-33342	457	16	of	of	ADP
cjfa-33342	457	17	the	the	DET
cjfa-33342	457	18	implicit	implicit	ADJ
cjfa-33342	457	19	forward	forward	ADJ
cjfa-33342	457	20	rate	rate	NOUN
cjfa-33342	457	21	.	.	PUNCT
cjfa-33342	458	1	the	the	DET
cjfa-33342	458	2	regression	regression	NOUN
cjfa-33342	458	3	coefficient	coefficient	NOUN
cjfa-33342	458	4	𝛽𝛽	𝛽𝛽	VERB
cjfa-33342	458	5	will	will	AUX
cjfa-33342	458	6	be	be	AUX
cjfa-33342	458	7	equal	equal	ADJ
cjfa-33342	458	8	to	to	ADP
cjfa-33342	458	9	1	1	NUM
cjfa-33342	458	10	if	if	SCONJ
cjfa-33342	458	11	the	the	DET
cjfa-33342	458	12	implicit	implicit	ADJ
cjfa-33342	458	13	forward	forward	ADJ
cjfa-33342	458	14	rate	rate	NOUN
cjfa-33342	458	15	is	be	AUX
cjfa-33342	458	16	a	a	DET
cjfa-33342	458	17	perfect	perfect	ADJ
cjfa-33342	458	18	foresight	foresight	NOUN
cjfa-33342	458	19	indicator	indicator	NOUN
cjfa-33342	458	20	of	of	ADP
cjfa-33342	458	21	short	short	ADJ
cjfa-33342	458	22	terms	term	NOUN
cjfa-33342	458	23	interest	interest	NOUN
cjfa-33342	458	24	rates	rate	NOUN
cjfa-33342	458	25	movements	movement	NOUN
cjfa-33342	458	26	.	.	PUNCT
cjfa-33342	459	1	since	since	SCONJ
cjfa-33342	459	2	(	(	PUNCT
cjfa-33342	459	3	10	10	NUM
cjfa-33342	459	4	)	)	PUNCT
cjfa-33342	459	5	and	and	CCONJ
cjfa-33342	459	6	(	(	PUNCT
cjfa-33342	459	7	11	11	NUM
cjfa-33342	459	8	)	)	PUNCT
cjfa-33342	459	9	are	be	AUX
cjfa-33342	459	10	simple	simple	ADJ
cjfa-33342	459	11	linear	linear	ADJ
cjfa-33342	459	12	regression	regression	NOUN
cjfa-33342	459	13	models	model	NOUN
cjfa-33342	459	14	,	,	PUNCT
cjfa-33342	459	15	all	all	DET
cjfa-33342	459	16	the	the	DET
cjfa-33342	459	17	preliminary	preliminary	ADJ
cjfa-33342	459	18	tests	test	NOUN
cjfa-33342	459	19	of	of	ADP
cjfa-33342	459	20	stationarity	stationarity	NOUN
cjfa-33342	459	21	,	,	PUNCT
cjfa-33342	459	22	co	co	NOUN
cjfa-33342	459	23	-	-	NOUN
cjfa-33342	459	24	integration	integration	NOUN
cjfa-33342	459	25	,	,	PUNCT
cjfa-33342	459	26	normality	normality	NOUN
cjfa-33342	459	27	,	,	PUNCT
cjfa-33342	459	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	459	29	of	of	ADP
cjfa-33342	459	30	errors	error	NOUN
cjfa-33342	459	31	and	and	CCONJ
cjfa-33342	459	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	459	33	were	be	AUX
cjfa-33342	459	34	is	be	AUX
cjfa-33342	459	35	supposed	suppose	VERB
cjfa-33342	459	36	to	to	PART
cjfa-33342	459	37	be	be	AUX
cjfa-33342	459	38	mathematically	mathematically	ADV
cjfa-33342	459	39	equal	equal	ADJ
cjfa-33342	459	40	to	to	ADP
cjfa-33342	459	41	the	the	DET
cjfa-33342	459	42	half	half	ADJ
cjfa-33342	459	43	rate	rate	NOUN
cjfa-33342	459	44	variation	variation	NOUN
cjfa-33342	459	45	predicted	predict	VERB
cjfa-33342	459	46	by	by	ADP
cjfa-33342	459	47	the	the	DET
cjfa-33342	459	48	implicit	implicit	ADJ
cjfa-33342	459	49	forward	forward	ADJ
cjfa-33342	459	50	rate	rate	NOUN
cjfa-33342	459	51	.	.	PUNCT
cjfa-33342	460	1	it	it	PRON
cjfa-33342	460	2	is	be	AUX
cjfa-33342	460	3	therefore	therefore	ADV
cjfa-33342	460	4	regress	regress	ADJ
cjfa-33342	460	5	on	on	ADP
cjfa-33342	460	6	the	the	DET
cjfa-33342	460	7	realized	realize	VERB
cjfa-33342	460	8	variation	variation	NOUN
cjfa-33342	460	9	in	in	ADP
cjfa-33342	460	10	order	order	NOUN
cjfa-33342	460	11	to	to	PART
cjfa-33342	460	12	know	know	VERB
cjfa-33342	460	13	the	the	DET
cjfa-33342	460	14	predictive	predictive	ADJ
cjfa-33342	460	15	power	power	NOUN
cjfa-33342	460	16	of	of	ADP
cjfa-33342	460	17	the	the	DET
cjfa-33342	460	18	implicit	implicit	ADJ
cjfa-33342	460	19	forward	forward	ADJ
cjfa-33342	460	20	rate	rate	NOUN
cjfa-33342	460	21	.	.	PUNCT
cjfa-33342	461	1	the	the	DET
cjfa-33342	461	2	regression	regression	NOUN
cjfa-33342	461	3	coefficient	coefficient	NOUN
cjfa-33342	461	4	β	β	PRON
cjfa-33342	461	5	will	will	AUX
cjfa-33342	461	6	be	be	AUX
cjfa-33342	461	7	equal	equal	ADJ
cjfa-33342	461	8	to	to	ADP
cjfa-33342	461	9	1	1	NUM
cjfa-33342	461	10	if	if	SCONJ
cjfa-33342	461	11	the	the	DET
cjfa-33342	461	12	implicit	implicit	ADJ
cjfa-33342	461	13	forward	forward	ADJ
cjfa-33342	461	14	rate	rate	NOUN
cjfa-33342	461	15	is	be	AUX
cjfa-33342	461	16	a	a	DET
cjfa-33342	461	17	perfect	perfect	ADJ
cjfa-33342	461	18	foresight	foresight	NOUN
cjfa-33342	461	19	indicator	indicator	NOUN
cjfa-33342	461	20	of	of	ADP
cjfa-33342	461	21	short	short	ADJ
cjfa-33342	461	22	terms	term	NOUN
cjfa-33342	461	23	interest	interest	NOUN
cjfa-33342	461	24	rates	rate	NOUN
cjfa-33342	461	25	movements	movement	NOUN
cjfa-33342	461	26	.	.	PUNCT
cjfa-33342	462	1	since	since	SCONJ
cjfa-33342	462	2	(	(	PUNCT
cjfa-33342	462	3	10	10	NUM
cjfa-33342	462	4	)	)	PUNCT
cjfa-33342	462	5	and	and	CCONJ
cjfa-33342	462	6	(	(	PUNCT
cjfa-33342	462	7	11	11	NUM
cjfa-33342	462	8	)	)	PUNCT
cjfa-33342	462	9	are	be	AUX
cjfa-33342	462	10	simple	simple	ADJ
cjfa-33342	462	11	linear	linear	ADJ
cjfa-33342	462	12	regression	regression	NOUN
cjfa-33342	462	13	models	model	NOUN
cjfa-33342	462	14	,	,	PUNCT
cjfa-33342	462	15	all	all	DET
cjfa-33342	462	16	the	the	DET
cjfa-33342	462	17	preliminary	preliminary	ADJ
cjfa-33342	462	18	tests	test	NOUN
cjfa-33342	462	19	of	of	ADP
cjfa-33342	462	20	stationarity	stationarity	NOUN
cjfa-33342	462	21	,	,	PUNCT
cjfa-33342	462	22	co	co	NOUN
cjfa-33342	462	23	-	-	NOUN
cjfa-33342	462	24	integration	integration	NOUN
cjfa-33342	462	25	,	,	PUNCT
cjfa-33342	462	26	normality	normality	NOUN
cjfa-33342	462	27	,	,	PUNCT
cjfa-33342	462	28	autocorrelation	autocorrelation	NOUN
cjfa-33342	462	29	of	of	ADP
cjfa-33342	462	30	errors	error	NOUN
cjfa-33342	462	31	and	and	CCONJ
cjfa-33342	462	32	heteroscedasticity	heteroscedasticity	NOUN
cjfa-33342	462	33	were	be	AUX
cjfa-33342	462	34	done	do	VERB
cjfa-33342	462	35	to	to	PART
cjfa-33342	462	36	ensure	ensure	VERB
cjfa-33342	462	37	the	the	DET
cjfa-33342	462	38	relevance	relevance	NOUN
cjfa-33342	462	39	of	of	ADP
cjfa-33342	462	40	the	the	DET
cjfa-33342	462	41	results	result	NOUN
cjfa-33342	462	42	.	.	PUNCT
cjfa-33342	463	1	indeed	indeed	ADV
cjfa-33342	463	2	,	,	PUNCT
cjfa-33342	463	3	it	it	PRON
cjfa-33342	463	4	is	be	AUX
cjfa-33342	463	5	well	well	ADV
cjfa-33342	463	6	known	know	VERB
cjfa-33342	463	7	in	in	ADP
cjfa-33342	463	8	the	the	DET
cjfa-33342	463	9	literature	literature	NOUN
cjfa-33342	463	10	that	that	PRON
cjfa-33342	463	11	financial	financial	ADJ
cjfa-33342	463	12	series	series	NOUN
cjfa-33342	463	13	are	be	AUX
cjfa-33342	463	14	often	often	ADV
cjfa-33342	463	15	non	non	ADJ
cjfa-33342	463	16	-	-	ADJ
cjfa-33342	463	17	stationary	stationary	ADJ
cjfa-33342	463	18	.	.	PUNCT
cjfa-33342	464	1	in	in	ADP
cjfa-33342	464	2	fact	fact	NOUN
cjfa-33342	464	3	,	,	PUNCT
cjfa-33342	464	4	all	all	DET
cjfa-33342	464	5	the	the	DET
cjfa-33342	464	6	interest	interest	NOUN
cjfa-33342	464	7	rates	rate	NOUN
cjfa-33342	464	8	series	serie	NOUN
cjfa-33342	464	9	were	be	AUX
cjfa-33342	464	10	prove	prove	VERB
cjfa-33342	464	11	to	to	PART
cjfa-33342	464	12	be	be	AUX
cjfa-33342	464	13	i(1	i(1	NOUN
cjfa-33342	464	14	)	)	PUNCT
cjfa-33342	464	15	by	by	ADP
cjfa-33342	464	16	the	the	DET
cjfa-33342	464	17	dikey	dikey	NOUN
cjfa-33342	464	18	fuller	full	ADJ
cjfa-33342	464	19	generalize	generalize	NOUN
cjfa-33342	464	20	least	least	ADV
cjfa-33342	464	21	square	square	ADJ
cjfa-33342	464	22	.	.	PUNCT
cjfa-33342	465	1	in	in	ADP
cjfa-33342	465	2	that	that	DET
cjfa-33342	465	3	context	context	NOUN
cjfa-33342	465	4	,	,	PUNCT
cjfa-33342	465	5	estimations	estimation	NOUN
cjfa-33342	465	6	made	make	VERB
cjfa-33342	465	7	using	use	VERB
cjfa-33342	465	8	ols	ol	NOUN
cjfa-33342	465	9	will	will	AUX
cjfa-33342	465	10	be	be	AUX
cjfa-33342	465	11	inconsistent	inconsistent	ADJ
cjfa-33342	465	12	,	,	PUNCT
cjfa-33342	465	13	for	for	ADP
cjfa-33342	465	14	the	the	DET
cjfa-33342	465	15	fact	fact	NOUN
cjfa-33342	465	16	that	that	SCONJ
cjfa-33342	465	17	inferences	inference	NOUN
cjfa-33342	465	18	using	use	VERB
cjfa-33342	465	19	the	the	DET
cjfa-33342	465	20	normal	normal	ADJ
cjfa-33342	465	21	tables	table	NOUN
cjfa-33342	465	22	will	will	AUX
cjfa-33342	465	23	not	not	PART
cjfa-33342	465	24	be	be	AUX
cjfa-33342	465	25	valid	valid	ADJ
cjfa-33342	465	26	even	even	ADV
cjfa-33342	465	27	asymptotically	asymptotically	ADV
cjfa-33342	465	28	(	(	PUNCT
cjfa-33342	465	29	arize	arize	NOUN
cjfa-33342	465	30	,	,	PUNCT
cjfa-33342	465	31	malindretos	malindretos	NOUN
cjfa-33342	465	32	&	&	CCONJ
cjfa-33342	465	33	ghosh	ghosh	PROPN
cjfa-33342	465	34	,	,	PUNCT
cjfa-33342	465	35	2015	2015	NUM
cjfa-33342	465	36	)	)	PUNCT
cjfa-33342	465	37	.	.	PUNCT
cjfa-33342	466	1	ols	ol	NOUN
cjfa-33342	466	2	estimates	estimate	NOUN
cjfa-33342	466	3	will	will	AUX
cjfa-33342	466	4	be	be	AUX
cjfa-33342	466	5	biased	bias	VERB
cjfa-33342	466	6	in	in	ADP
cjfa-33342	466	7	that	that	DET
cjfa-33342	466	8	context	context	NOUN
cjfa-33342	466	9	,	,	PUNCT
cjfa-33342	466	10	while	while	SCONJ
cjfa-33342	466	11	fmols	fmol	NOUN
cjfa-33342	466	12	of	of	ADP
cjfa-33342	466	13	philips	philips	PROPN
cjfa-33342	466	14	and	and	CCONJ
cjfa-33342	466	15	hansen	hansen	PROPN
cjfa-33342	466	16	(	(	PUNCT
cjfa-33342	466	17	1990	1990	NUM
cjfa-33342	466	18	)	)	PUNCT
cjfa-33342	466	19	and	and	CCONJ
cjfa-33342	466	20	dols	dol	NOUN
cjfa-33342	466	21	of	of	ADP
cjfa-33342	466	22	stock	stock	NOUN
cjfa-33342	466	23	and	and	CCONJ
cjfa-33342	466	24	watson	watson	PROPN
cjfa-33342	466	25	(	(	PUNCT
cjfa-33342	466	26	1993	1993	NUM
cjfa-33342	466	27	)	)	PUNCT
cjfa-33342	466	28	will	will	AUX
cjfa-33342	466	29	not	not	PART
cjfa-33342	466	30	(	(	PUNCT
cjfa-33342	466	31	arize	arize	VERB
cjfa-33342	466	32	et	et	PROPN
cjfa-33342	466	33	al	al	PROPN
cjfa-33342	466	34	.	.	PROPN
cjfa-33342	466	35	,	,	PUNCT
cjfa-33342	466	36	2015	2015	NUM
cjfa-33342	466	37	)	)	PUNCT
cjfa-33342	466	38	.	.	PUNCT
cjfa-33342	467	1	both	both	DET
cjfa-33342	467	2	dols	dol	NOUN
cjfa-33342	467	3	and	and	CCONJ
cjfa-33342	467	4	fmols	fmol	NOUN
cjfa-33342	467	5	are	be	AUX
cjfa-33342	467	6	usually	usually	ADV
cjfa-33342	467	7	preferred	prefer	VERB
cjfa-33342	467	8	to	to	ADP
cjfa-33342	467	9	the	the	DET
cjfa-33342	467	10	ols	ol	NOUN
cjfa-33342	467	11	since	since	SCONJ
cjfa-33342	467	12	they	they	PRON
cjfa-33342	467	13	take	take	VERB
cjfa-33342	467	14	care	care	NOUN
cjfa-33342	467	15	of	of	ADP
cjfa-33342	467	16	small	small	ADJ
cjfa-33342	467	17	sample	sample	NOUN
cjfa-33342	467	18	and	and	CCONJ
cjfa-33342	467	19	endogeneity	endogeneity	NOUN
cjfa-33342	467	20	bias	bias	NOUN
cjfa-33342	467	21	(	(	PUNCT
cjfa-33342	467	22	montalvo	montalvo	NOUN
cjfa-33342	467	23	,	,	PUNCT
cjfa-33342	467	24	1995	1995	NUM
cjfa-33342	467	25	)	)	PUNCT
cjfa-33342	467	26	.	.	PUNCT
cjfa-33342	468	1	dols	dol	NOUN
cjfa-33342	468	2	is	be	AUX
cjfa-33342	468	3	a	a	DET
cjfa-33342	468	4	parametric	parametric	ADJ
cjfa-33342	468	5	approach	approach	NOUN
cjfa-33342	468	6	which	which	PRON
cjfa-33342	468	7	seeks	seek	VERB
cjfa-33342	468	8	to	to	PART
cjfa-33342	468	9	address	address	VERB
cjfa-33342	468	10	asymptotic	asymptotic	ADJ
cjfa-33342	468	11	bias	bias	NOUN
cjfa-33342	468	12	contained	contain	VERB
cjfa-33342	468	13	in	in	ADP
cjfa-33342	468	14	the	the	DET
cjfa-33342	468	15	ols	ols	NOUN
cjfa-33342	468	16	estimates	estimate	NOUN
cjfa-33342	468	17	by	by	ADP
cjfa-33342	468	18	including	include	VERB
cjfa-33342	468	19	leads	lead	NOUN
cjfa-33342	468	20	and	and	CCONJ
cjfa-33342	468	21	lags	lag	NOUN
cjfa-33342	468	22	of	of	ADP
cjfa-33342	468	23	the	the	DET
cjfa-33342	468	24	first	first	ADJ
cjfa-33342	468	25	difference	difference	NOUN
cjfa-33342	468	26	of	of	ADP
cjfa-33342	468	27	the	the	DET
cjfa-33342	468	28	independent	independent	ADJ
cjfa-33342	468	29	variables	variable	NOUN
cjfa-33342	468	30	.	.	PUNCT
cjfa-33342	469	1	lags	lag	NOUN
cjfa-33342	469	2	and	and	CCONJ
cjfa-33342	469	3	leads	lead	NOUN
cjfa-33342	469	4	are	be	AUX
cjfa-33342	469	5	introduced	introduce	VERB
cjfa-33342	469	6	to	to	PART
cjfa-33342	469	7	deal	deal	VERB
cjfa-33342	469	8	with	with	ADP
cjfa-33342	469	9	the	the	DET
cjfa-33342	469	10	problem	problem	NOUN
cjfa-33342	469	11	of	of	ADP
cjfa-33342	469	12	the	the	DET
cjfa-33342	469	13	order	order	NOUN
cjfa-33342	469	14	of	of	ADP
cjfa-33342	469	15	integration	integration	NOUN
cjfa-33342	469	16	and	and	CCONJ
cjfa-33342	469	17	the	the	DET
cjfa-33342	469	18	existence	existence	NOUN
cjfa-33342	469	19	or	or	CCONJ
cjfa-33342	469	20	absence	absence	NOUN
cjfa-33342	469	21	of	of	ADP
cjfa-33342	469	22	cointegra	cointegra	PROPN
cjfa-33342	469	23	interest	interest	NOUN
cjfa-33342	469	24	rate	rate	NOUN
cjfa-33342	469	25	predictability	predictability	NOUN
cjfa-33342	469	26	in	in	ADP
cjfa-33342	469	27	some	some	DET
cjfa-33342	469	28	selected	select	VERB
cjfa-33342	469	29	african	african	ADJ
cjfa-33342	469	30	countries	country	NOUN
cjfa-33342	469	31	53	53	NUM
cjfa-33342	469	32	tion	tion	NOUN
cjfa-33342	469	33	(	(	PUNCT
cjfa-33342	469	34	anastasiou	anastasiou	PROPN
cjfa-33342	469	35	,	,	PUNCT
cjfa-33342	469	36	louri	louri	PROPN
cjfa-33342	469	37	&	&	CCONJ
cjfa-33342	469	38	tsionas	tsiona	NOUN
cjfa-33342	469	39	,	,	PUNCT
cjfa-33342	469	40	2016	2016	NUM
cjfa-33342	469	41	)	)	PUNCT
cjfa-33342	469	42	.	.	PUNCT
cjfa-33342	470	1	furthermore	furthermore	ADV
cjfa-33342	470	2	,	,	PUNCT
cjfa-33342	470	3	white	white	ADJ
cjfa-33342	470	4	heteroskedastic	heteroskedastic	ADJ
cjfa-33342	470	5	standard	standard	ADJ
cjfa-33342	470	6	errors	error	NOUN
cjfa-33342	470	7	are	be	AUX
cjfa-33342	470	8	used	use	VERB
cjfa-33342	470	9	.	.	PUNCT
cjfa-33342	471	1	nevertheless	nevertheless	ADV
cjfa-33342	471	2	,	,	PUNCT
cjfa-33342	471	3	the	the	DET
cjfa-33342	471	4	parametric	parametric	ADJ
cjfa-33342	471	5	dols	dol	NOUN
cjfa-33342	471	6	is	be	AUX
cjfa-33342	471	7	preferred	prefer	VERB
cjfa-33342	471	8	to	to	ADP
cjfa-33342	471	9	the	the	DET
cjfa-33342	471	10	non	non	ADJ
cjfa-33342	471	11	-	-	ADJ
cjfa-33342	471	12	parametric	parametric	ADJ
cjfa-33342	471	13	fmols	fmol	NOUN
cjfa-33342	471	14	,	,	PUNCT
cjfa-33342	471	15	for	for	SCONJ
cjfa-33342	471	16	the	the	DET
cjfa-33342	471	17	fmol	fmol	NOUN
cjfa-33342	471	18	(	(	PUNCT
cjfa-33342	471	19	unlike	unlike	ADP
cjfa-33342	471	20	the	the	DET
cjfa-33342	471	21	dols	dol	NOUN
cjfa-33342	471	22	)	)	PUNCT
cjfa-33342	471	23	imposes	impose	VERB
cjfa-33342	471	24	additional	additional	ADJ
cjfa-33342	471	25	requirements	requirement	NOUN
cjfa-33342	471	26	that	that	SCONJ
cjfa-33342	471	27	all	all	DET
cjfa-33342	471	28	variables	variable	NOUN
cjfa-33342	471	29	should	should	AUX
cjfa-33342	471	30	be	be	AUX
cjfa-33342	471	31	integrated	integrate	VERB
cjfa-33342	471	32	of	of	ADP
cjfa-33342	471	33	the	the	DET
cjfa-33342	471	34	same	same	ADJ
cjfa-33342	471	35	order	order	NOUN
cjfa-33342	472	1	[	[	X
cjfa-33342	472	2	i.e.	i.e.	X
cjfa-33342	472	3	,i(1	,i(1	NOUN
cjfa-33342	472	4	)	)	PUNCT
cjfa-33342	472	5	]	]	PUNCT
cjfa-33342	473	1	and	and	CCONJ
cjfa-33342	473	2	that	that	SCONJ
cjfa-33342	473	3	the	the	DET
cjfa-33342	473	4	regressors	regressor	NOUN
cjfa-33342	473	5	themselves	themselves	PRON
cjfa-33342	473	6	should	should	AUX
cjfa-33342	473	7	not	not	PART
cjfa-33342	473	8	be	be	AUX
cjfa-33342	473	9	cointegrated	cointegrate	VERB
cjfa-33342	473	10	(	(	PUNCT
cjfa-33342	473	11	masih	masih	PROPN
cjfa-33342	473	12	&	&	CCONJ
cjfa-33342	473	13	masih	masih	PROPN
cjfa-33342	473	14	,	,	PUNCT
cjfa-33342	473	15	1996	1996	NUM
cjfa-33342	473	16	)	)	PUNCT
cjfa-33342	473	17	.	.	PUNCT
cjfa-33342	474	1	in	in	ADP
cjfa-33342	474	2	addition	addition	NOUN
cjfa-33342	474	3	,	,	PUNCT
cjfa-33342	474	4	according	accord	VERB
cjfa-33342	474	5	to	to	ADP
cjfa-33342	474	6	kao	kao	PROPN
cjfa-33342	474	7	and	and	CCONJ
cjfa-33342	474	8	chiang	chiang	PROPN
cjfa-33342	474	9	(	(	PUNCT
cjfa-33342	474	10	2000	2000	NUM
cjfa-33342	474	11	)	)	PUNCT
cjfa-33342	474	12	dols	dol	NOUN
cjfa-33342	474	13	estimator	estimator	NOUN
cjfa-33342	474	14	is	be	AUX
cjfa-33342	474	15	the	the	DET
cjfa-33342	474	16	best	good	ADJ
cjfa-33342	474	17	estimator	estimator	NOUN
cjfa-33342	474	18	overall	overall	NOUN
cjfa-33342	474	19	.	.	PUNCT
cjfa-33342	475	1	they	they	PRON
cjfa-33342	475	2	asserted	assert	VERB
cjfa-33342	475	3	that	that	SCONJ
cjfa-33342	475	4	dols	dol	NOUN
cjfa-33342	475	5	outperforms	outperform	VERB
cjfa-33342	475	6	both	both	DET
cjfa-33342	475	7	ols	ol	NOUN
cjfa-33342	475	8	and	and	CCONJ
cjfa-33342	475	9	fmols	fmol	NOUN
cjfa-33342	475	10	.	.	PUNCT
cjfa-33342	476	1	for	for	ADP
cjfa-33342	476	2	these	these	DET
cjfa-33342	476	3	authors	author	NOUN
cjfa-33342	476	4	,	,	PUNCT
cjfa-33342	476	5	the	the	DET
cjfa-33342	476	6	dols	dol	NOUN
cjfa-33342	476	7	differs	differ	VERB
cjfa-33342	476	8	from	from	ADP
cjfa-33342	476	9	the	the	DET
cjfa-33342	476	10	fmols	fmol	NOUN
cjfa-33342	476	11	estimators	estimator	NOUN
cjfa-33342	476	12	in	in	SCONJ
cjfa-33342	476	13	that	that	SCONJ
cjfa-33342	476	14	the	the	DET
cjfa-33342	476	15	dols	dol	NOUN
cjfa-33342	476	16	requires	require	VERB
cjfa-33342	476	17	no	no	DET
cjfa-33342	476	18	initial	initial	ADJ
cjfa-33342	476	19	estimation	estimation	NOUN
cjfa-33342	476	20	and	and	CCONJ
cjfa-33342	476	21	no	no	DET
cjfa-33342	476	22	non	non	ADJ
cjfa-33342	476	23	-	-	ADJ
cjfa-33342	476	24	parametric	parametric	ADJ
cjfa-33342	476	25	correction	correction	NOUN
cjfa-33342	476	26	.	.	PUNCT
cjfa-33342	477	1	not	not	PART
cjfa-33342	477	2	only	only	ADV
cjfa-33342	477	3	it	it	PRON
cjfa-33342	477	4	’s	’	VERB
cjfa-33342	477	5	computationally	computationally	ADV
cjfa-33342	477	6	simpler	simple	ADJ
cjfa-33342	477	7	,	,	PUNCT
cjfa-33342	477	8	but	but	CCONJ
cjfa-33342	477	9	it	it	PRON
cjfa-33342	477	10	reduces	reduce	VERB
cjfa-33342	477	11	bias	bias	NOUN
cjfa-33342	477	12	better	well	ADJ
cjfa-33342	477	13	than	than	ADP
cjfa-33342	477	14	fmols	fmol	NOUN
cjfa-33342	477	15	.	.	PUNCT
cjfa-33342	478	1	the	the	DET
cjfa-33342	478	2	t	t	PROPN
cjfa-33342	478	3	statistic	statistic	NOUN
cjfa-33342	478	4	from	from	ADP
cjfa-33342	478	5	dols	dol	NOUN
cjfa-33342	478	6	converges	converge	NOUN
cjfa-33342	478	7	to	to	ADP
cjfa-33342	478	8	the	the	DET
cjfa-33342	478	9	standard	standard	ADJ
cjfa-33342	478	10	normal	normal	ADJ
cjfa-33342	478	11	density	density	NOUN
cjfa-33342	478	12	much	much	ADV
cjfa-33342	478	13	better	well	ADJ
cjfa-33342	478	14	than	than	ADP
cjfa-33342	478	15	the	the	DET
cjfa-33342	478	16	statistic	statistic	NOUN
cjfa-33342	478	17	from	from	ADP
cjfa-33342	478	18	fmols	fmol	NOUN
cjfa-33342	478	19	.	.	PUNCT
cjfa-33342	479	1	in	in	ADP
cjfa-33342	479	2	order	order	NOUN
cjfa-33342	479	3	to	to	PART
cjfa-33342	479	4	guarantee	guarantee	VERB
cjfa-33342	479	5	the	the	DET
cjfa-33342	479	6	robustness	robustness	NOUN
cjfa-33342	479	7	of	of	ADP
cjfa-33342	479	8	the	the	DET
cjfa-33342	479	9	result	result	NOUN
cjfa-33342	479	10	,	,	PUNCT
cjfa-33342	479	11	we	we	PRON
cjfa-33342	479	12	both	both	PRON
cjfa-33342	479	13	used	use	VERB
cjfa-33342	479	14	fmols	fmol	NOUN
cjfa-33342	479	15	and	and	CCONJ
cjfa-33342	479	16	dols	dol	NOUN
cjfa-33342	479	17	in	in	ADP
cjfa-33342	479	18	this	this	DET
cjfa-33342	479	19	study	study	NOUN
cjfa-33342	479	20	.	.	PUNCT
cjfa-33342	480	1	results	result	NOUN
cjfa-33342	480	2	and	and	CCONJ
cjfa-33342	480	3	discussions	discussion	NOUN
cjfa-33342	480	4	it	it	PRON
cjfa-33342	480	5	appears	appear	VERB
cjfa-33342	480	6	from	from	ADP
cjfa-33342	480	7	analysis	analysis	NOUN
cjfa-33342	480	8	results	result	NOUN
cjfa-33342	480	9	that	that	SCONJ
cjfa-33342	480	10	the	the	DET
cjfa-33342	480	11	implicit	implicit	ADJ
cjfa-33342	480	12	forward	forward	ADJ
cjfa-33342	480	13	rate	rate	NOUN
cjfa-33342	480	14	does	do	AUX
cjfa-33342	480	15	not	not	PART
cjfa-33342	480	16	have	have	VERB
cjfa-33342	480	17	a	a	DET
cjfa-33342	480	18	significant	significant	ADJ
cjfa-33342	480	19	predictive	predictive	ADJ
cjfa-33342	480	20	power	power	NOUN
cjfa-33342	480	21	in	in	ADP
cjfa-33342	480	22	egypt	egypt	PROPN
cjfa-33342	480	23	,	,	PUNCT
cjfa-33342	480	24	ghana	ghana	PROPN
cjfa-33342	480	25	and	and	CCONJ
cjfa-33342	480	26	kenya	kenya	PROPN
cjfa-33342	480	27	.	.	PUNCT
cjfa-33342	481	1	the	the	DET
cjfa-33342	481	2	results	result	NOUN
cjfa-33342	481	3	are	be	AUX
cjfa-33342	481	4	the	the	DET
cjfa-33342	481	5	same	same	ADJ
cjfa-33342	481	6	,	,	PUNCT
cjfa-33342	481	7	irrespective	irrespective	ADV
cjfa-33342	481	8	of	of	ADP
cjfa-33342	481	9	the	the	DET
cjfa-33342	481	10	model	model	NOUN
cjfa-33342	481	11	or	or	CCONJ
cjfa-33342	481	12	the	the	DET
cjfa-33342	481	13	estimation	estimation	NOUN
cjfa-33342	481	14	method	method	NOUN
cjfa-33342	481	15	used	use	VERB
cjfa-33342	481	16	.	.	PUNCT
cjfa-33342	482	1	thus	thus	ADV
cjfa-33342	482	2	,	,	PUNCT
cjfa-33342	482	3	operators	operator	NOUN
cjfa-33342	482	4	in	in	ADP
cjfa-33342	482	5	those	those	DET
cjfa-33342	482	6	countries	country	NOUN
cjfa-33342	482	7	should	should	AUX
cjfa-33342	482	8	not	not	PART
cjfa-33342	482	9	rely	rely	VERB
cjfa-33342	482	10	on	on	ADP
cjfa-33342	482	11	the	the	DET
cjfa-33342	482	12	predictions	prediction	NOUN
cjfa-33342	482	13	of	of	ADP
cjfa-33342	482	14	the	the	DET
cjfa-33342	482	15	implicit	implicit	ADJ
cjfa-33342	482	16	forward	forward	ADJ
cjfa-33342	482	17	rate	rate	NOUN
cjfa-33342	482	18	of	of	ADP
cjfa-33342	482	19	the	the	DET
cjfa-33342	482	20	term	term	NOUN
cjfa-33342	482	21	structure	structure	NOUN
cjfa-33342	482	22	of	of	ADP
cjfa-33342	482	23	interest	interest	NOUN
cjfa-33342	482	24	rates	rate	NOUN
cjfa-33342	482	25	to	to	PART
cjfa-33342	482	26	get	get	VERB
cjfa-33342	482	27	an	an	DET
cjfa-33342	482	28	idea	idea	NOUN
cjfa-33342	482	29	of	of	ADP
cjfa-33342	482	30	what	what	PRON
cjfa-33342	482	31	would	would	AUX
cjfa-33342	482	32	interest	interest	NOUN
cjfa-33342	482	33	rates	rate	NOUN
cjfa-33342	482	34	be	be	AUX
cjfa-33342	482	35	in	in	ADP
cjfa-33342	482	36	the	the	DET
cjfa-33342	482	37	future	future	NOUN
cjfa-33342	482	38	.	.	PUNCT
cjfa-33342	483	1	those	those	DET
cjfa-33342	483	2	results	result	NOUN
cjfa-33342	483	3	are	be	AUX
cjfa-33342	483	4	partially	partially	ADV
cjfa-33342	483	5	consistent	consistent	ADJ
cjfa-33342	483	6	with	with	ADP
cjfa-33342	483	7	boamah	boamah	NOUN
cjfa-33342	483	8	(	(	PUNCT
cjfa-33342	483	9	2016	2016	NUM
cjfa-33342	483	10	)	)	PUNCT
cjfa-33342	483	11	in	in	ADP
cjfa-33342	483	12	ghana	ghana	PROPN
cjfa-33342	483	13	,	,	PUNCT
cjfa-33342	483	14	since	since	SCONJ
cjfa-33342	483	15	he	he	PRON
cjfa-33342	483	16	found	find	VERB
cjfa-33342	483	17	a	a	DET
cjfa-33342	483	18	significant	significant	ADJ
cjfa-33342	483	19	but	but	CCONJ
cjfa-33342	483	20	low	low	ADJ
cjfa-33342	483	21	predictive	predictive	ADJ
cjfa-33342	483	22	power	power	NOUN
cjfa-33342	483	23	of	of	ADP
cjfa-33342	483	24	the	the	DET
cjfa-33342	483	25	implicit	implicit	ADJ
cjfa-33342	483	26	forward	forward	ADJ
cjfa-33342	483	27	rate	rate	NOUN
cjfa-33342	483	28	.	.	PUNCT
cjfa-33342	484	1	the	the	DET
cjfa-33342	484	2	results	result	NOUN
cjfa-33342	484	3	are	be	AUX
cjfa-33342	484	4	also	also	ADV
cjfa-33342	484	5	consistent	consistent	ADJ
cjfa-33342	484	6	with	with	ADP
cjfa-33342	484	7	guidolin	guidolin	NOUN
cjfa-33342	484	8	and	and	CCONJ
cjfa-33342	484	9	thornton	thornton	PROPN
cjfa-33342	484	10	(	(	PUNCT
cjfa-33342	484	11	2008	2008	NUM
cjfa-33342	484	12	)	)	PUNCT
cjfa-33342	484	13	on	on	ADP
cjfa-33342	484	14	euro	euro	NOUN
cjfa-33342	484	15	-	-	PUNCT
cjfa-33342	484	16	devises	devise	NOUN
cjfa-33342	484	17	,	,	PUNCT
cjfa-33342	484	18	and	and	CCONJ
cjfa-33342	484	19	those	those	PRON
cjfa-33342	484	20	of	of	ADP
cjfa-33342	484	21	bulkley	bulkley	NOUN
cjfa-33342	484	22	et	et	PROPN
cjfa-33342	484	23	al	al	PROPN
cjfa-33342	484	24	.	.	PROPN
cjfa-33342	485	1	(	(	PUNCT
cjfa-33342	485	2	2013	2013	NUM
cjfa-33342	485	3	)	)	PUNCT
cjfa-33342	485	4	and	and	CCONJ
cjfa-33342	485	5	bulkley	bulkley	NOUN
cjfa-33342	485	6	,	,	PUNCT
cjfa-33342	485	7	harris	harris	PROPN
cjfa-33342	485	8	and	and	CCONJ
cjfa-33342	485	9	nawosah	nawosah	PROPN
cjfa-33342	485	10	(	(	PUNCT
cjfa-33342	485	11	2015	2015	NUM
cjfa-33342	485	12	)	)	PUNCT
cjfa-33342	485	13	,	,	PUNCT
cjfa-33342	485	14	even	even	ADV
cjfa-33342	485	15	though	though	SCONJ
cjfa-33342	485	16	they	they	PRON
cjfa-33342	485	17	also	also	ADV
cjfa-33342	485	18	found	find	VERB
cjfa-33342	485	19	a	a	DET
cjfa-33342	485	20	partial	partial	ADJ
cjfa-33342	485	21	but	but	CCONJ
cjfa-33342	485	22	low	low	ADJ
cjfa-33342	485	23	predictive	predictive	ADJ
cjfa-33342	485	24	power	power	NOUN
cjfa-33342	485	25	of	of	ADP
cjfa-33342	485	26	the	the	DET
cjfa-33342	485	27	implicit	implicit	ADJ
cjfa-33342	485	28	forward	forward	ADJ
cjfa-33342	485	29	rate	rate	NOUN
cjfa-33342	485	30	.	.	PUNCT
cjfa-33342	486	1	the	the	DET
cjfa-33342	486	2	later	later	ADV
cjfa-33342	486	3	explain	explain	VERB
cjfa-33342	486	4	that	that	DET
cjfa-33342	486	5	failure	failure	NOUN
cjfa-33342	486	6	by	by	ADP
cjfa-33342	486	7	two	two	NUM
cjfa-33342	486	8	behavioural	behavioural	ADJ
cjfa-33342	486	9	biases	bias	NOUN
cjfa-33342	486	10	:	:	PUNCT
cjfa-33342	486	11	the	the	DET
cjfa-33342	486	12	law	law	NOUN
cjfa-33342	486	13	of	of	ADP
cjfa-33342	486	14	small	small	ADJ
cjfa-33342	486	15	number	number	NOUN
cjfa-33342	486	16	and	and	CCONJ
cjfa-33342	486	17	conservatism	conservatism	NOUN
cjfa-33342	486	18	.	.	PUNCT
cjfa-33342	487	1	hans	hans	PROPN
cjfa-33342	487	2	patrick	patrick	PROPN
cjfa-33342	487	3	bidias	bidias	PROPN
cjfa-33342	487	4	-	-	PUNCT
cjfa-33342	487	5	menik	menik	NOUN
cjfa-33342	487	6	,	,	PUNCT
cjfa-33342	487	7	simplice	simplice	PROPN
cjfa-33342	487	8	gaël	gaël	PROPN
cjfa-33342	487	9	tonmo54	tonmo54	PROPN
cjfa-33342	487	10	table	table	NOUN
cjfa-33342	487	11	1	1	NUM
cjfa-33342	487	12	.	.	PUNCT
cjfa-33342	487	13	results	result	NOUN
cjfa-33342	487	14	of	of	ADP
cjfa-33342	487	15	the	the	DET
cjfa-33342	487	16	fmols	fmol	NOUN
cjfa-33342	487	17	estimations	estimation	VERB
cjfa-33342	487	18	ß	ß	NOUN
cjfa-33342	487	19	 	 	SPACE
cjfa-33342	487	20	(	(	PUNCT
cjfa-33342	487	21	σβ	σβ	NOUN
cjfa-33342	487	22	 	 	SPACE
cjfa-33342	487	23	)	)	PUNCT
cjfa-33342	487	24	r2	r2	PROPN
cjfa-33342	487	25	egypth	egypth	PROPN
cjfa-33342	487	26	model	model	PROPN
cjfa-33342	487	27	(	(	PUNCT
cjfa-33342	487	28	3.6	3.6	NUM
cjfa-33342	487	29	)	)	PUNCT
cjfa-33342	487	30	(	(	PUNCT
cjfa-33342	487	31	3months	3months	NUM
cjfa-33342	487	32	;	;	PUNCT
cjfa-33342	487	33	6months	6months	NUM
cjfa-33342	487	34	)	)	PUNCT
cjfa-33342	487	35	(	(	PUNCT
cjfa-33342	487	36	6months	6months	NUM
cjfa-33342	487	37	;	;	PUNCT
cjfa-33342	487	38	12months	12months	NUM
cjfa-33342	487	39	)	)	PUNCT
cjfa-33342	487	40	model	model	NOUN
cjfa-33342	487	41	(	(	PUNCT
cjfa-33342	487	42	3.7	3.7	NUM
cjfa-33342	487	43	)	)	PUNCT
cjfa-33342	487	44	(	(	PUNCT
cjfa-33342	487	45	3months	3months	NUM
cjfa-33342	487	46	;	;	PUNCT
cjfa-33342	487	47	6months	6months	NUM
cjfa-33342	487	48	)	)	PUNCT
cjfa-33342	487	49	(	(	PUNCT
cjfa-33342	487	50	6months	6months	NUM
cjfa-33342	487	51	;	;	PUNCT
cjfa-33342	487	52	12months	12months	NUM
cjfa-33342	487	53	)	)	PUNCT
cjfa-33342	487	54	0.3611	0.3611	NUM
cjfa-33342	487	55	(	(	PUNCT
cjfa-33342	487	56	0.1723	0.1723	NUM
cjfa-33342	487	57	)	)	PUNCT
cjfa-33342	487	58	0.8420	0.8420	NUM
cjfa-33342	487	59	(	(	PUNCT
cjfa-33342	487	60	0.4404	0.4404	NUM
cjfa-33342	487	61	)	)	PUNCT
cjfa-33342	487	62	0.3517	0.3517	NUM
cjfa-33342	487	63	(	(	PUNCT
cjfa-33342	487	64	0.1669	0.1669	NUM
cjfa-33342	487	65	)	)	PUNCT
cjfa-33342	487	66	0.8241	0.8241	NUM
cjfa-33342	487	67	(	(	PUNCT
cjfa-33342	487	68	0.4297	0.4297	NUM
cjfa-33342	487	69	)	)	PUNCT
cjfa-33342	487	70	0.1384	0.1384	NUM
cjfa-33342	487	71	-0.1108	-0.1108	VERB
cjfa-33342	488	1	0.1411	0.1411	NUM
cjfa-33342	488	2	-0.1120	-0.1120	NOUN
cjfa-33342	488	3	ghana	ghana	PROPN
cjfa-33342	488	4	model	model	NOUN
cjfa-33342	488	5	(	(	PUNCT
cjfa-33342	488	6	3.6	3.6	NUM
cjfa-33342	488	7	)	)	PUNCT
cjfa-33342	488	8	(	(	PUNCT
cjfa-33342	488	9	3months	3months	NUM
cjfa-33342	488	10	;	;	PUNCT
cjfa-33342	488	11	6months	6months	NUM
cjfa-33342	488	12	)	)	PUNCT
cjfa-33342	488	13	(	(	PUNCT
cjfa-33342	488	14	6months	6months	NUM
cjfa-33342	488	15	;	;	PUNCT
cjfa-33342	488	16	12months	12months	NUM
cjfa-33342	488	17	)	)	PUNCT
cjfa-33342	488	18	model	model	NOUN
cjfa-33342	488	19	(	(	PUNCT
cjfa-33342	488	20	3.7	3.7	NUM
cjfa-33342	488	21	)	)	PUNCT
cjfa-33342	488	22	(	(	PUNCT
cjfa-33342	488	23	3months	3months	NUM
cjfa-33342	488	24	;	;	PUNCT
cjfa-33342	488	25	6months	6months	NUM
cjfa-33342	488	26	)	)	PUNCT
cjfa-33342	488	27	(	(	PUNCT
cjfa-33342	488	28	6months	6months	NUM
cjfa-33342	488	29	;	;	PUNCT
cjfa-33342	488	30	12months	12months	NUM
cjfa-33342	488	31	)	)	PUNCT
cjfa-33342	488	32	-0.2767	-0.2767	NOUN
cjfa-33342	488	33	(	(	PUNCT
cjfa-33342	488	34	0.2145	0.2145	NUM
cjfa-33342	488	35	)	)	PUNCT
cjfa-33342	488	36	0.0412	0.0412	NUM
cjfa-33342	488	37	(	(	PUNCT
cjfa-33342	488	38	0.1846	0.1846	NUM
cjfa-33342	488	39	)	)	PUNCT
cjfa-33342	488	40	-0.2645	-0.2645	NOUN
cjfa-33342	488	41	(	(	PUNCT
cjfa-33342	488	42	0.2116	0.2116	NUM
cjfa-33342	488	43	)	)	PUNCT
cjfa-33342	488	44	0.0646	0.0646	NUM
cjfa-33342	488	45	(	(	PUNCT
cjfa-33342	488	46	0.2024	0.2024	NUM
cjfa-33342	488	47	)	)	PUNCT
cjfa-33342	488	48	-0.0050	-0.0050	VERB
cjfa-33342	489	1	0.0080	0.0080	NUM
cjfa-33342	489	2	-0.0045	-0.0045	NOUN
cjfa-33342	489	3	0.0121	0.0121	NUM
cjfa-33342	489	4	kenya	kenya	PROPN
cjfa-33342	489	5	model	model	NOUN
cjfa-33342	489	6	(	(	PUNCT
cjfa-33342	489	7	3.6	3.6	NUM
cjfa-33342	489	8	)	)	PUNCT
cjfa-33342	489	9	(	(	PUNCT
cjfa-33342	489	10	3months	3months	NUM
cjfa-33342	489	11	;	;	PUNCT
cjfa-33342	489	12	6months	6months	NUM
cjfa-33342	489	13	)	)	PUNCT
cjfa-33342	489	14	(	(	PUNCT
cjfa-33342	489	15	6months	6months	NUM
cjfa-33342	489	16	;	;	PUNCT
cjfa-33342	489	17	12months	12months	NUM
cjfa-33342	489	18	)	)	PUNCT
cjfa-33342	489	19	model	model	NOUN
cjfa-33342	489	20	(	(	PUNCT
cjfa-33342	489	21	3.7	3.7	NUM
cjfa-33342	489	22	)	)	PUNCT
cjfa-33342	489	23	(	(	PUNCT
cjfa-33342	489	24	3months	3months	NUM
cjfa-33342	489	25	;	;	PUNCT
cjfa-33342	489	26	6months	6months	NUM
cjfa-33342	489	27	)	)	PUNCT
cjfa-33342	489	28	(	(	PUNCT
cjfa-33342	489	29	6months	6months	NUM
cjfa-33342	489	30	;	;	PUNCT
cjfa-33342	489	31	12months	12months	NUM
cjfa-33342	489	32	)	)	PUNCT
cjfa-33342	489	33	0.0613	0.0613	NUM
cjfa-33342	489	34	(	(	PUNCT
cjfa-33342	489	35	0.0924	0.0924	NUM
cjfa-33342	489	36	)	)	PUNCT
cjfa-33342	489	37	0.1872	0.1872	NUM
cjfa-33342	489	38	(	(	PUNCT
cjfa-33342	489	39	0.1285	0.1285	NUM
cjfa-33342	489	40	)	)	PUNCT
cjfa-33342	489	41	0.0578	0.0578	NUM
cjfa-33342	489	42	(	(	PUNCT
cjfa-33342	489	43	0.0842	0.0842	NUM
cjfa-33342	489	44	)	)	PUNCT
cjfa-33342	489	45	0.1759	0.1759	NUM
cjfa-33342	489	46	(	(	PUNCT
cjfa-33342	489	47	0.1101	0.1101	NUM
cjfa-33342	489	48	)	)	PUNCT
cjfa-33342	489	49	0.0142	0.0142	NUM
cjfa-33342	489	50	-0.0388	-0.0388	VERB
cjfa-33342	489	51	0.0144	0.0144	NUM
cjfa-33342	489	52	-0.0418	-0.0418	NOUN
cjfa-33342	489	53	nigeria	nigeria	PROPN
cjfa-33342	489	54	model	model	PROPN
cjfa-33342	489	55	(	(	PUNCT
cjfa-33342	489	56	3.6	3.6	NUM
cjfa-33342	489	57	)	)	PUNCT
cjfa-33342	489	58	(	(	PUNCT
cjfa-33342	489	59	3months	3months	NUM
cjfa-33342	489	60	;	;	PUNCT
cjfa-33342	489	61	6months	6months	NUM
cjfa-33342	489	62	)	)	PUNCT
cjfa-33342	489	63	(	(	PUNCT
cjfa-33342	489	64	6months	6months	NUM
cjfa-33342	489	65	;	;	PUNCT
cjfa-33342	489	66	12months	12months	NUM
cjfa-33342	489	67	)	)	PUNCT
cjfa-33342	489	68	model	model	NOUN
cjfa-33342	489	69	(	(	PUNCT
cjfa-33342	489	70	3.7	3.7	NUM
cjfa-33342	489	71	)	)	PUNCT
cjfa-33342	489	72	(	(	PUNCT
cjfa-33342	489	73	3months	3months	NUM
cjfa-33342	489	74	;	;	PUNCT
cjfa-33342	489	75	6months	6months	NUM
cjfa-33342	489	76	)	)	PUNCT
cjfa-33342	489	77	(	(	PUNCT
cjfa-33342	489	78	6months	6months	NUM
cjfa-33342	489	79	;	;	PUNCT
cjfa-33342	489	80	12months	12months	NUM
cjfa-33342	489	81	)	)	PUNCT
cjfa-33342	489	82	-0.0707	-0.0707	NOUN
cjfa-33342	489	83	(	(	PUNCT
cjfa-33342	489	84	0.0673	0.0673	NUM
cjfa-33342	489	85	)	)	PUNCT
cjfa-33342	489	86	-0.1460	-0.1460	VERB
cjfa-33342	490	1	(	(	PUNCT
cjfa-33342	490	2	0.0467	0.0467	NUM
cjfa-33342	490	3	)	)	PUNCT
cjfa-33342	490	4	*	*	PUNCT
cjfa-33342	490	5	*	*	PUNCT
cjfa-33342	490	6	-0.0731	-0.0731	NOUN
cjfa-33342	490	7	(	(	PUNCT
cjfa-33342	490	8	0.0684	0.0684	NUM
cjfa-33342	490	9	)	)	PUNCT
cjfa-33342	490	10	-0.1648	-0.1648	NOUN
cjfa-33342	490	11	(	(	PUNCT
cjfa-33342	490	12	0.0439	0.0439	NUM
cjfa-33342	490	13	)	)	PUNCT
cjfa-33342	490	14	*	*	PUNCT
cjfa-33342	490	15	*	*	PUNCT
cjfa-33342	491	1	0.0407	0.0407	NUM
cjfa-33342	491	2	0.0599	0.0599	NUM
cjfa-33342	491	3	0.0438	0.0438	NUM
cjfa-33342	491	4	0.0602	0.0602	NUM
cjfa-33342	491	5	south	south	PROPN
cjfa-33342	491	6	africa	africa	PROPN
cjfa-33342	491	7	*	*	PROPN
cjfa-33342	491	8	model	model	PROPN
cjfa-33342	491	9	(	(	PUNCT
cjfa-33342	491	10	3.6	3.6	NUM
cjfa-33342	491	11	)	)	PUNCT
cjfa-33342	491	12	(	(	PUNCT
cjfa-33342	491	13	3months	3months	NUM
cjfa-33342	491	14	;	;	PUNCT
cjfa-33342	491	15	6months	6months	NUM
cjfa-33342	491	16	)	)	PUNCT
cjfa-33342	491	17	(	(	PUNCT
cjfa-33342	491	18	6months	6months	NUM
cjfa-33342	491	19	;	;	PUNCT
cjfa-33342	491	20	12months	12months	NUM
cjfa-33342	491	21	)	)	PUNCT
cjfa-33342	491	22	model	model	NOUN
cjfa-33342	491	23	(	(	PUNCT
cjfa-33342	491	24	3.7	3.7	NUM
cjfa-33342	491	25	)	)	PUNCT
cjfa-33342	491	26	(	(	PUNCT
cjfa-33342	491	27	3months	3months	NUM
cjfa-33342	491	28	;	;	PUNCT
cjfa-33342	491	29	6months	6months	NUM
cjfa-33342	491	30	)	)	PUNCT
cjfa-33342	491	31	(	(	PUNCT
cjfa-33342	491	32	6months	6months	NUM
cjfa-33342	491	33	;	;	PUNCT
cjfa-33342	491	34	12months	12months	NUM
cjfa-33342	491	35	)	)	PUNCT
cjfa-33342	491	36	0.0703	0.0703	NUM
cjfa-33342	491	37	(	(	PUNCT
cjfa-33342	491	38	0.0334	0.0334	NUM
cjfa-33342	491	39	)	)	PUNCT
cjfa-33342	491	40	*	*	PUNCT
cjfa-33342	492	1	*	*	PUNCT
cjfa-33342	492	2	0.1078	0.1078	NUM
cjfa-33342	492	3	(	(	PUNCT
cjfa-33342	492	4	0.1081	0.1081	NUM
cjfa-33342	492	5	)	)	PUNCT
cjfa-33342	492	6	0.0691	0.0691	NUM
cjfa-33342	492	7	(	(	PUNCT
cjfa-33342	492	8	0.0253	0.0253	NUM
cjfa-33342	492	9	)	)	PUNCT
cjfa-33342	492	10	*	*	PUNCT
cjfa-33342	492	11	*	*	PUNCT
cjfa-33342	492	12	0.1062	0.1062	NUM
cjfa-33342	492	13	(	(	PUNCT
cjfa-33342	492	14	0.1050	0.1050	NUM
cjfa-33342	492	15	)	)	PUNCT
cjfa-33342	492	16	0.0670	0.0670	NUM
cjfa-33342	492	17	-0.0146	-0.0146	NOUN
cjfa-33342	492	18	0.0781	0.0781	NUM
cjfa-33342	492	19	-0.0153	-0.0153	VERB
cjfa-33342	493	1	n	n	CCONJ
cjfa-33342	493	2	o	o	NOUN
cjfa-33342	493	3	t	t	NOUN
cjfa-33342	493	4	e	e	NOUN
cjfa-33342	493	5	:	:	PUNCT
cjfa-33342	493	6	mean	mean	VERB
cjfa-33342	493	7	(	(	PUNCT
cjfa-33342	493	8	standard	standard	ADJ
cjfa-33342	493	9	deviation	deviation	NOUN
cjfa-33342	493	10	)	)	PUNCT
cjfa-33342	493	11	of	of	ADP
cjfa-33342	493	12	the	the	DET
cjfa-33342	493	13	regressor	regressor	NOUN
cjfa-33342	493	14	coefficient	coefficient	NOUN
cjfa-33342	493	15	in	in	ADP
cjfa-33342	493	16	the	the	DET
cjfa-33342	493	17	second	second	ADJ
cjfa-33342	493	18	column	column	NOUN
cjfa-33342	493	19	and	and	CCONJ
cjfa-33342	493	20	determination	determination	NOUN
cjfa-33342	493	21	coefficient	coefficient	NOUN
cjfa-33342	493	22	in	in	ADP
cjfa-33342	493	23	the	the	DET
cjfa-33342	493	24	third	third	ADJ
cjfa-33342	493	25	column	column	NOUN
cjfa-33342	493	26	.	.	PUNCT
cjfa-33342	494	1	*	*	PUNCT
cjfa-33342	494	2	,	,	PUNCT
cjfa-33342	494	3	*	*	PUNCT
cjfa-33342	494	4	*	*	PUNCT
cjfa-33342	494	5	denote	denote	NOUN
cjfa-33342	494	6	significance	significance	NOUN
cjfa-33342	494	7	at	at	ADP
cjfa-33342	494	8	10	10	NUM
cjfa-33342	494	9	%	%	NOUN
cjfa-33342	494	10	and	and	CCONJ
cjfa-33342	494	11	5	5	NUM
cjfa-33342	494	12	%	%	NOUN
cjfa-33342	494	13	respectively	respectively	ADV
cjfa-33342	494	14	.	.	PUNCT
cjfa-33342	495	1	s	s	PART
cjfa-33342	495	2	o	o	X
cjfa-33342	495	3	u	u	NOUN
cjfa-33342	495	4	r	r	NOUN
cjfa-33342	495	5	c	c	NOUN
cjfa-33342	495	6	e	e	NOUN
cjfa-33342	495	7	:	:	PUNCT
cjfa-33342	495	8	authors	author	NOUN
cjfa-33342	495	9	’	'	PUNCT
cjfa-33342	495	10	computation	computation	NOUN
cjfa-33342	495	11	from	from	ADP
cjfa-33342	495	12	stata	stata	ADJ
cjfa-33342	495	13	10/1	10/1	NUM
cjfa-33342	495	14	outputs	output	NOUN
cjfa-33342	495	15	.	.	PUNCT
cjfa-33342	496	1	interest	interest	NOUN
cjfa-33342	496	2	rate	rate	NOUN
cjfa-33342	496	3	predictability	predictability	NOUN
cjfa-33342	496	4	in	in	ADP
cjfa-33342	496	5	some	some	DET
cjfa-33342	496	6	selected	select	VERB
cjfa-33342	496	7	african	african	ADJ
cjfa-33342	496	8	countries	country	NOUN
cjfa-33342	496	9	55	55	NUM
cjfa-33342	496	10	table	table	NOUN
cjfa-33342	496	11	2	2	NUM
cjfa-33342	496	12	.	.	PUNCT
cjfa-33342	496	13	results	result	NOUN
cjfa-33342	496	14	of	of	ADP
cjfa-33342	496	15	the	the	DET
cjfa-33342	496	16	dols	dol	NOUN
cjfa-33342	496	17	estimations	estimation	NOUN
cjfa-33342	496	18	ß	ß	NOUN
cjfa-33342	496	19	 	 	SPACE
cjfa-33342	496	20	(	(	PUNCT
cjfa-33342	496	21	σβ	σβ	NOUN
cjfa-33342	496	22	 	 	SPACE
cjfa-33342	496	23	)	)	PUNCT
cjfa-33342	496	24	r2	r2	PROPN
cjfa-33342	496	25	egypth	egypth	PROPN
cjfa-33342	496	26	model	model	PROPN
cjfa-33342	496	27	(	(	PUNCT
cjfa-33342	496	28	3.6	3.6	NUM
cjfa-33342	496	29	)	)	PUNCT
cjfa-33342	496	30	(	(	PUNCT
cjfa-33342	496	31	3months	3months	NUM
cjfa-33342	496	32	;	;	PUNCT
cjfa-33342	496	33	6months	6months	NUM
cjfa-33342	496	34	)	)	PUNCT
cjfa-33342	496	35	(	(	PUNCT
cjfa-33342	496	36	6months	6months	NUM
cjfa-33342	496	37	;	;	PUNCT
cjfa-33342	496	38	12months	12months	NUM
cjfa-33342	496	39	)	)	PUNCT
cjfa-33342	496	40	model	model	NOUN
cjfa-33342	496	41	(	(	PUNCT
cjfa-33342	496	42	3.7	3.7	NUM
cjfa-33342	496	43	)	)	PUNCT
cjfa-33342	496	44	(	(	PUNCT
cjfa-33342	496	45	3months	3months	NUM
cjfa-33342	496	46	;	;	PUNCT
cjfa-33342	496	47	6months	6months	NUM
cjfa-33342	496	48	)	)	PUNCT
cjfa-33342	496	49	(	(	PUNCT
cjfa-33342	496	50	6months	6months	NUM
cjfa-33342	496	51	;	;	PUNCT
cjfa-33342	496	52	12months	12months	NUM
cjfa-33342	496	53	)	)	PUNCT
cjfa-33342	496	54	0.3530	0.3530	NUM
cjfa-33342	496	55	(	(	PUNCT
cjfa-33342	496	56	0.2197	0.2197	NUM
cjfa-33342	496	57	)	)	PUNCT
cjfa-33342	496	58	0.8960	0.8960	NUM
cjfa-33342	496	59	(	(	PUNCT
cjfa-33342	496	60	0.6058	0.6058	NUM
cjfa-33342	496	61	)	)	PUNCT
cjfa-33342	496	62	0.3451	0.3451	NUM
cjfa-33342	496	63	(	(	PUNCT
cjfa-33342	496	64	0.2128	0.2128	NUM
cjfa-33342	496	65	)	)	PUNCT
cjfa-33342	496	66	0.8766	0.8766	NUM
cjfa-33342	496	67	(	(	PUNCT
cjfa-33342	496	68	0.5931	0.5931	NUM
cjfa-33342	496	69	)	)	PUNCT
cjfa-33342	496	70	0.1987	0.1987	NUM
cjfa-33342	496	71	0.1093	0.1093	NUM
cjfa-33342	496	72	0.1987	0.1987	NUM
cjfa-33342	496	73	0.1084	0.1084	NUM
cjfa-33342	496	74	ghana	ghana	PROPN
cjfa-33342	496	75	model	model	NOUN
cjfa-33342	496	76	(	(	PUNCT
cjfa-33342	496	77	3.6	3.6	NUM
cjfa-33342	496	78	)	)	PUNCT
cjfa-33342	496	79	(	(	PUNCT
cjfa-33342	496	80	3months	3months	NUM
cjfa-33342	496	81	;	;	PUNCT
cjfa-33342	496	82	6months	6months	NUM
cjfa-33342	496	83	)	)	PUNCT
cjfa-33342	496	84	(	(	PUNCT
cjfa-33342	496	85	6months	6months	NUM
cjfa-33342	496	86	;	;	PUNCT
cjfa-33342	496	87	12months	12months	NUM
cjfa-33342	496	88	)	)	PUNCT
cjfa-33342	496	89	model	model	NOUN
cjfa-33342	496	90	(	(	PUNCT
cjfa-33342	496	91	3.7	3.7	NUM
cjfa-33342	496	92	)	)	PUNCT
cjfa-33342	496	93	(	(	PUNCT
cjfa-33342	496	94	3months	3months	NUM
cjfa-33342	496	95	;	;	PUNCT
cjfa-33342	496	96	6months	6months	NUM
cjfa-33342	496	97	)	)	PUNCT
cjfa-33342	496	98	(	(	PUNCT
cjfa-33342	496	99	6months	6months	NUM
cjfa-33342	496	100	;	;	PUNCT
cjfa-33342	496	101	12months	12months	NUM
cjfa-33342	496	102	)	)	PUNCT
cjfa-33342	496	103	-0.3046	-0.3046	NOUN
cjfa-33342	496	104	(	(	PUNCT
cjfa-33342	496	105	0.3108	0.3108	NUM
cjfa-33342	496	106	)	)	PUNCT
cjfa-33342	496	107	0.0547	0.0547	NUM
cjfa-33342	496	108	(	(	PUNCT
cjfa-33342	496	109	0.2449	0.2449	NUM
cjfa-33342	496	110	)	)	PUNCT
cjfa-33342	496	111	-0.2812	-0.2812	NOUN
cjfa-33342	496	112	(	(	PUNCT
cjfa-33342	496	113	0.3044	0.3044	NUM
cjfa-33342	496	114	)	)	PUNCT
cjfa-33342	496	115	0.0827	0.0827	NUM
cjfa-33342	496	116	(	(	PUNCT
cjfa-33342	496	117	0.2696	0.2696	NUM
cjfa-33342	496	118	)	)	PUNCT
cjfa-33342	496	119	0.0769	0.0769	NUM
cjfa-33342	496	120	0.0745	0.0745	NUM
cjfa-33342	496	121	0.0728	0.0728	NUM
cjfa-33342	496	122	0.0751	0.0751	NUM
cjfa-33342	496	123	kenya	kenya	NOUN
cjfa-33342	496	124	model	model	NOUN
cjfa-33342	496	125	(	(	PUNCT
cjfa-33342	496	126	3.6	3.6	NUM
cjfa-33342	496	127	)	)	PUNCT
cjfa-33342	496	128	(	(	PUNCT
cjfa-33342	496	129	3months	3months	NUM
cjfa-33342	496	130	;	;	PUNCT
cjfa-33342	496	131	6months	6months	NUM
cjfa-33342	496	132	)	)	PUNCT
cjfa-33342	496	133	(	(	PUNCT
cjfa-33342	496	134	6months	6months	NUM
cjfa-33342	496	135	;	;	PUNCT
cjfa-33342	496	136	12months	12months	NUM
cjfa-33342	496	137	)	)	PUNCT
cjfa-33342	496	138	model	model	NOUN
cjfa-33342	496	139	(	(	PUNCT
cjfa-33342	496	140	3.7	3.7	NUM
cjfa-33342	496	141	)	)	PUNCT
cjfa-33342	496	142	(	(	PUNCT
cjfa-33342	496	143	3months	3months	NUM
cjfa-33342	496	144	;	;	PUNCT
cjfa-33342	496	145	6months	6months	NUM
cjfa-33342	496	146	)	)	PUNCT
cjfa-33342	496	147	(	(	PUNCT
cjfa-33342	496	148	6months	6months	NUM
cjfa-33342	496	149	;	;	PUNCT
cjfa-33342	496	150	12months	12months	NUM
cjfa-33342	496	151	)	)	PUNCT
cjfa-33342	496	152	0.0366	0.0366	NUM
cjfa-33342	496	153	(	(	PUNCT
cjfa-33342	496	154	0.1699	0.1699	NUM
cjfa-33342	496	155	)	)	PUNCT
cjfa-33342	496	156	0.2806	0.2806	NUM
cjfa-33342	496	157	(	(	PUNCT
cjfa-33342	496	158	0.2605	0.2605	NUM
cjfa-33342	496	159	)	)	PUNCT
cjfa-33342	496	160	0.0323	0.0323	NUM
cjfa-33342	496	161	(	(	PUNCT
cjfa-33342	496	162	0.1528	0.1528	NUM
cjfa-33342	496	163	)	)	PUNCT
cjfa-33342	496	164	0.2653	0.2653	NUM
cjfa-33342	496	165	(	(	PUNCT
cjfa-33342	496	166	0.2449	0.2449	NUM
cjfa-33342	496	167	)	)	PUNCT
cjfa-33342	496	168	0.3846	0.3846	NUM
cjfa-33342	496	169	0.0223	0.0223	NUM
cjfa-33342	496	170	0.3743	0.3743	NUM
cjfa-33342	496	171	0.0256	0.0256	NUM
cjfa-33342	496	172	nigeria	nigeria	PROPN
cjfa-33342	496	173	model	model	NOUN
cjfa-33342	496	174	(	(	PUNCT
cjfa-33342	496	175	3.6	3.6	NUM
cjfa-33342	496	176	)	)	PUNCT
cjfa-33342	496	177	(	(	PUNCT
cjfa-33342	496	178	3months	3months	NUM
cjfa-33342	496	179	;	;	PUNCT
cjfa-33342	496	180	6months	6months	NUM
cjfa-33342	496	181	)	)	PUNCT
cjfa-33342	496	182	(	(	PUNCT
cjfa-33342	496	183	6months	6months	NUM
cjfa-33342	496	184	;	;	PUNCT
cjfa-33342	496	185	12months	12months	NUM
cjfa-33342	496	186	)	)	PUNCT
cjfa-33342	496	187	model	model	NOUN
cjfa-33342	496	188	(	(	PUNCT
cjfa-33342	496	189	3.7	3.7	NUM
cjfa-33342	496	190	)	)	PUNCT
cjfa-33342	496	191	(	(	PUNCT
cjfa-33342	496	192	3months	3months	NUM
cjfa-33342	496	193	;	;	PUNCT
cjfa-33342	496	194	6months	6months	NUM
cjfa-33342	496	195	)	)	PUNCT
cjfa-33342	496	196	(	(	PUNCT
cjfa-33342	496	197	6months	6months	NUM
cjfa-33342	496	198	;	;	PUNCT
cjfa-33342	496	199	12months	12months	NUM
cjfa-33342	496	200	)	)	PUNCT
cjfa-33342	496	201	-0.2511	-0.2511	NOUN
cjfa-33342	496	202	(	(	PUNCT
cjfa-33342	496	203	0.0533	0.0533	NUM
cjfa-33342	496	204	)	)	PUNCT
cjfa-33342	496	205	*	*	PUNCT
cjfa-33342	496	206	*	*	PUNCT
cjfa-33342	496	207	-0.2100	-0.2100	NOUN
cjfa-33342	496	208	(	(	PUNCT
cjfa-33342	496	209	0.0900	0.0900	NUM
cjfa-33342	496	210	)	)	PUNCT
cjfa-33342	496	211	*	*	PUNCT
cjfa-33342	496	212	*	*	PUNCT
cjfa-33342	496	213	-0.2740	-0.2740	NOUN
cjfa-33342	496	214	(	(	PUNCT
cjfa-33342	496	215	0.0543	0.0543	NUM
cjfa-33342	496	216	)	)	PUNCT
cjfa-33342	496	217	*	*	PUNCT
cjfa-33342	496	218	*	*	PUNCT
cjfa-33342	496	219	-0.2376	-0.2376	NOUN
cjfa-33342	496	220	(	(	PUNCT
cjfa-33342	496	221	0.1059	0.1059	NUM
cjfa-33342	496	222	)	)	PUNCT
cjfa-33342	496	223	*	*	PUNCT
cjfa-33342	496	224	*	*	PUNCT
cjfa-33342	497	1	0.1602	0.1602	NUM
cjfa-33342	497	2	0.1046	0.1046	NUM
cjfa-33342	497	3	0.1593	0.1593	NUM
cjfa-33342	497	4	0.0998	0.0998	NUM
cjfa-33342	497	5	south	south	PROPN
cjfa-33342	497	6	africa	africa	PROPN
cjfa-33342	497	7	model	model	NOUN
cjfa-33342	497	8	(	(	PUNCT
cjfa-33342	497	9	3.6	3.6	NUM
cjfa-33342	497	10	)	)	PUNCT
cjfa-33342	497	11	(	(	PUNCT
cjfa-33342	497	12	3months	3months	NUM
cjfa-33342	497	13	;	;	PUNCT
cjfa-33342	497	14	6months	6months	NUM
cjfa-33342	497	15	)	)	PUNCT
cjfa-33342	497	16	(	(	PUNCT
cjfa-33342	497	17	6months	6months	NUM
cjfa-33342	497	18	;	;	PUNCT
cjfa-33342	497	19	12months	12months	NUM
cjfa-33342	497	20	)	)	PUNCT
cjfa-33342	497	21	model	model	NOUN
cjfa-33342	497	22	(	(	PUNCT
cjfa-33342	497	23	3.7	3.7	NUM
cjfa-33342	497	24	)	)	PUNCT
cjfa-33342	497	25	(	(	PUNCT
cjfa-33342	497	26	3months	3months	NUM
cjfa-33342	497	27	;	;	PUNCT
cjfa-33342	497	28	6months	6months	NUM
cjfa-33342	497	29	)	)	PUNCT
cjfa-33342	497	30	(	(	PUNCT
cjfa-33342	497	31	6months	6months	NUM
cjfa-33342	497	32	;	;	PUNCT
cjfa-33342	497	33	12months	12months	NUM
cjfa-33342	497	34	)	)	PUNCT
cjfa-33342	497	35	0.0672	0.0672	NUM
cjfa-33342	497	36	(	(	PUNCT
cjfa-33342	497	37	0.0583	0.0583	NUM
cjfa-33342	497	38	)	)	PUNCT
cjfa-33342	497	39	0.1755	0.1755	NUM
cjfa-33342	497	40	(	(	PUNCT
cjfa-33342	497	41	0.1039	0.1039	NUM
cjfa-33342	497	42	)	)	PUNCT
cjfa-33342	497	43	*	*	PUNCT
cjfa-33342	497	44	0.0660	0.0660	NUM
cjfa-33342	497	45	(	(	PUNCT
cjfa-33342	497	46	0.0560	0.0560	NUM
cjfa-33342	497	47	)	)	PUNCT
cjfa-33342	497	48	0.1712	0.1712	NUM
cjfa-33342	497	49	(	(	PUNCT
cjfa-33342	497	50	0.1005	0.1005	NUM
cjfa-33342	497	51	)	)	PUNCT
cjfa-33342	497	52	*	*	PUNCT
cjfa-33342	498	1	0.3414	0.3414	NUM
cjfa-33342	498	2	0.3299	0.3299	NUM
cjfa-33342	498	3	0.3397	0.3397	NUM
cjfa-33342	498	4	0.3298	0.3298	NUM
cjfa-33342	498	5	n	n	PRON
cjfa-33342	498	6	o	o	NOUN
cjfa-33342	498	7	t	t	NOUN
cjfa-33342	498	8	e	e	NOUN
cjfa-33342	498	9	:	:	PUNCT
cjfa-33342	498	10	mean	mean	VERB
cjfa-33342	498	11	(	(	PUNCT
cjfa-33342	498	12	standard	standard	ADJ
cjfa-33342	498	13	deviation	deviation	NOUN
cjfa-33342	498	14	)	)	PUNCT
cjfa-33342	498	15	of	of	ADP
cjfa-33342	498	16	the	the	DET
cjfa-33342	498	17	regressor	regressor	NOUN
cjfa-33342	498	18	coefficient	coefficient	NOUN
cjfa-33342	498	19	in	in	ADP
cjfa-33342	498	20	the	the	DET
cjfa-33342	498	21	second	second	ADJ
cjfa-33342	498	22	column	column	NOUN
cjfa-33342	498	23	and	and	CCONJ
cjfa-33342	498	24	determination	determination	NOUN
cjfa-33342	498	25	coefficient	coefficient	NOUN
cjfa-33342	498	26	in	in	ADP
cjfa-33342	498	27	the	the	DET
cjfa-33342	498	28	third	third	ADJ
cjfa-33342	498	29	column	column	NOUN
cjfa-33342	498	30	.	.	PUNCT
cjfa-33342	499	1	*	*	PUNCT
cjfa-33342	499	2	,	,	PUNCT
cjfa-33342	499	3	*	*	PUNCT
cjfa-33342	499	4	*	*	PUNCT
cjfa-33342	499	5	denote	denote	NOUN
cjfa-33342	499	6	significance	significance	NOUN
cjfa-33342	499	7	at	at	ADP
cjfa-33342	499	8	10	10	NUM
cjfa-33342	499	9	%	%	NOUN
cjfa-33342	499	10	and	and	CCONJ
cjfa-33342	499	11	5	5	NUM
cjfa-33342	499	12	%	%	NOUN
cjfa-33342	499	13	respectively	respectively	ADV
cjfa-33342	499	14	.	.	PUNCT
cjfa-33342	500	1	s	s	PART
cjfa-33342	500	2	o	o	X
cjfa-33342	500	3	u	u	NOUN
cjfa-33342	500	4	r	r	NOUN
cjfa-33342	500	5	c	c	NOUN
cjfa-33342	500	6	e	e	NOUN
cjfa-33342	500	7	:	:	PUNCT
cjfa-33342	500	8	authors	author	NOUN
cjfa-33342	500	9	’	'	PUNCT
cjfa-33342	500	10	computation	computation	NOUN
cjfa-33342	500	11	from	from	ADP
cjfa-33342	500	12	stata	stata	ADJ
cjfa-33342	500	13	10/1	10/1	NUM
cjfa-33342	500	14	outputs	output	NOUN
cjfa-33342	500	15	.	.	PUNCT
cjfa-33342	501	1	hans	hans	PROPN
cjfa-33342	501	2	patrick	patrick	PROPN
cjfa-33342	501	3	bidias	bidias	PROPN
cjfa-33342	501	4	-	-	PUNCT
cjfa-33342	501	5	menik	menik	NOUN
cjfa-33342	501	6	,	,	PUNCT
cjfa-33342	501	7	simplice	simplice	PROPN
cjfa-33342	501	8	gaël	gaël	PROPN
cjfa-33342	501	9	tonmo56	tonmo56	PROPN
cjfa-33342	501	10	in	in	ADP
cjfa-33342	501	11	nigeria	nigeria	PROPN
cjfa-33342	501	12	and	and	CCONJ
cjfa-33342	501	13	south	south	PROPN
cjfa-33342	501	14	africa	africa	PROPN
cjfa-33342	501	15	even	even	ADV
cjfa-33342	501	16	though	though	SCONJ
cjfa-33342	501	17	the	the	DET
cjfa-33342	501	18	results	result	NOUN
cjfa-33342	501	19	are	be	AUX
cjfa-33342	501	20	the	the	DET
cjfa-33342	501	21	same	same	ADJ
cjfa-33342	501	22	irrespective	irrespective	ADV
cjfa-33342	501	23	of	of	ADP
cjfa-33342	501	24	the	the	DET
cjfa-33342	501	25	model	model	NOUN
cjfa-33342	501	26	used	use	VERB
cjfa-33342	501	27	,	,	PUNCT
cjfa-33342	501	28	they	they	PRON
cjfa-33342	501	29	are	be	AUX
cjfa-33342	501	30	slightly	slightly	ADV
cjfa-33342	501	31	different	different	ADJ
cjfa-33342	501	32	with	with	ADP
cjfa-33342	501	33	respect	respect	NOUN
cjfa-33342	501	34	to	to	ADP
cjfa-33342	501	35	the	the	DET
cjfa-33342	501	36	estimation	estimation	NOUN
cjfa-33342	501	37	method	method	NOUN
cjfa-33342	501	38	used	use	VERB
cjfa-33342	501	39	.	.	PUNCT
cjfa-33342	502	1	indeed	indeed	ADV
cjfa-33342	502	2	,	,	PUNCT
cjfa-33342	502	3	dols	dol	NOUN
cjfa-33342	502	4	results	result	NOUN
cjfa-33342	502	5	are	be	AUX
cjfa-33342	502	6	more	more	ADV
cjfa-33342	502	7	significant	significant	ADJ
cjfa-33342	502	8	than	than	SCONJ
cjfa-33342	502	9	fmols	fmol	NOUN
cjfa-33342	502	10	results	result	NOUN
cjfa-33342	502	11	in	in	ADP
cjfa-33342	502	12	nigeria	nigeria	PROPN
cjfa-33342	502	13	,	,	PUNCT
cjfa-33342	502	14	while	while	SCONJ
cjfa-33342	502	15	they	they	PRON
cjfa-33342	502	16	are	be	AUX
cjfa-33342	502	17	different	different	ADJ
cjfa-33342	502	18	in	in	ADP
cjfa-33342	502	19	the	the	DET
cjfa-33342	502	20	matter	matter	NOUN
cjfa-33342	502	21	of	of	ADP
cjfa-33342	502	22	significance	significance	NOUN
cjfa-33342	502	23	in	in	ADP
cjfa-33342	502	24	the	the	DET
cjfa-33342	502	25	republic	republic	NOUN
cjfa-33342	502	26	of	of	ADP
cjfa-33342	502	27	south	south	PROPN
cjfa-33342	502	28	africa	africa	PROPN
cjfa-33342	502	29	.	.	PUNCT
cjfa-33342	503	1	in	in	ADP
cjfa-33342	503	2	nigeria	nigeria	PROPN
cjfa-33342	503	3	,	,	PUNCT
cjfa-33342	503	4	the	the	DET
cjfa-33342	503	5	observed	observed	ADJ
cjfa-33342	503	6	difference	difference	NOUN
cjfa-33342	503	7	of	of	ADP
cjfa-33342	503	8	the	the	DET
cjfa-33342	503	9	value	value	NOUN
cjfa-33342	503	10	of	of	ADP
cjfa-33342	503	11	the	the	DET
cjfa-33342	503	12	coefficients	coefficient	NOUN
cjfa-33342	503	13	can	can	AUX
cjfa-33342	503	14	be	be	AUX
cjfa-33342	503	15	explained	explain	VERB
cjfa-33342	503	16	by	by	ADP
cjfa-33342	503	17	a	a	DET
cjfa-33342	503	18	strong	strong	ADJ
cjfa-33342	503	19	persistence	persistence	NOUN
cjfa-33342	503	20	in	in	ADP
cjfa-33342	503	21	the	the	DET
cjfa-33342	503	22	spread	spread	NOUN
cjfa-33342	503	23	at	at	ADP
cjfa-33342	503	24	the	the	DET
cjfa-33342	503	25	end	end	NOUN
cjfa-33342	503	26	of	of	ADP
cjfa-33342	503	27	the	the	DET
cjfa-33342	503	28	series	series	NOUN
cjfa-33342	503	29	.	.	PUNCT
cjfa-33342	504	1	the	the	DET
cjfa-33342	504	2	sample	sample	NOUN
cjfa-33342	504	3	size	size	NOUN
cjfa-33342	504	4	thus	thus	ADV
cjfa-33342	504	5	plays	play	VERB
cjfa-33342	504	6	a	a	DET
cjfa-33342	504	7	role	role	NOUN
cjfa-33342	504	8	here	here	ADV
cjfa-33342	504	9	,	,	PUNCT
cjfa-33342	504	10	since	since	SCONJ
cjfa-33342	504	11	observations	observation	NOUN
cjfa-33342	504	12	are	be	AUX
cjfa-33342	504	13	82	82	NUM
cjfa-33342	504	14	for	for	ADP
cjfa-33342	504	15	the	the	DET
cjfa-33342	504	16	fmols	fmol	NOUN
cjfa-33342	504	17	and	and	CCONJ
cjfa-33342	504	18	76	76	NUM
cjfa-33342	504	19	for	for	ADP
cjfa-33342	504	20	the	the	DET
cjfa-33342	504	21	dols	dol	NOUN
cjfa-33342	504	22	.	.	PUNCT
cjfa-33342	505	1	this	this	PRON
cjfa-33342	505	2	is	be	AUX
cjfa-33342	505	3	because	because	SCONJ
cjfa-33342	505	4	the	the	DET
cjfa-33342	505	5	dols	dol	NOUN
cjfa-33342	505	6	add	add	VERB
cjfa-33342	505	7	more	more	ADV
cjfa-33342	505	8	differenced	differenced	ADJ
cjfa-33342	505	9	lags	lag	NOUN
cjfa-33342	505	10	and	and	CCONJ
cjfa-33342	505	11	lead	lead	NOUN
cjfa-33342	505	12	than	than	ADP
cjfa-33342	505	13	the	the	DET
cjfa-33342	505	14	fmols	fmol	NOUN
cjfa-33342	505	15	.	.	PUNCT
cjfa-33342	506	1	since	since	SCONJ
cjfa-33342	506	2	dols	dol	NOUN
cjfa-33342	506	3	is	be	AUX
cjfa-33342	506	4	supposed	suppose	VERB
cjfa-33342	506	5	to	to	PART
cjfa-33342	506	6	be	be	AUX
cjfa-33342	506	7	more	more	ADV
cjfa-33342	506	8	consistent	consistent	ADJ
cjfa-33342	506	9	than	than	ADP
cjfa-33342	506	10	the	the	DET
cjfa-33342	506	11	fmols	fmol	NOUN
cjfa-33342	506	12	,	,	PUNCT
cjfa-33342	506	13	we	we	PRON
cjfa-33342	506	14	have	have	VERB
cjfa-33342	506	15	to	to	PART
cjfa-33342	506	16	conclude	conclude	VERB
cjfa-33342	506	17	that	that	SCONJ
cjfa-33342	506	18	the	the	DET
cjfa-33342	506	19	implicit	implicit	ADJ
cjfa-33342	506	20	forward	forward	ADJ
cjfa-33342	506	21	rate	rate	NOUN
cjfa-33342	506	22	have	have	VERB
cjfa-33342	506	23	a	a	DET
cjfa-33342	506	24	significant	significant	ADJ
cjfa-33342	506	25	predictive	predictive	ADJ
cjfa-33342	506	26	power	power	NOUN
cjfa-33342	506	27	in	in	ADP
cjfa-33342	506	28	nigeria	nigeria	PROPN
cjfa-33342	506	29	.	.	PUNCT
cjfa-33342	507	1	but	but	CCONJ
cjfa-33342	507	2	,	,	PUNCT
cjfa-33342	507	3	since	since	SCONJ
cjfa-33342	507	4	the	the	DET
cjfa-33342	507	5	direction	direction	NOUN
cjfa-33342	507	6	of	of	ADP
cjfa-33342	507	7	that	that	DET
cjfa-33342	507	8	prediction	prediction	NOUN
cjfa-33342	507	9	is	be	AUX
cjfa-33342	507	10	not	not	PART
cjfa-33342	507	11	the	the	DET
cjfa-33342	507	12	one	one	NOUN
cjfa-33342	507	13	expected	expect	VERB
cjfa-33342	507	14	,	,	PUNCT
cjfa-33342	507	15	one	one	PRON
cjfa-33342	507	16	could	could	AUX
cjfa-33342	507	17	conclude	conclude	VERB
cjfa-33342	507	18	that	that	SCONJ
cjfa-33342	507	19	operators	operator	NOUN
cjfa-33342	507	20	should	should	AUX
cjfa-33342	507	21	not	not	PART
cjfa-33342	507	22	rely	rely	VERB
cjfa-33342	507	23	on	on	ADP
cjfa-33342	507	24	the	the	DET
cjfa-33342	507	25	prediction	prediction	NOUN
cjfa-33342	507	26	of	of	ADP
cjfa-33342	507	27	the	the	DET
cjfa-33342	507	28	forward	forward	ADJ
cjfa-33342	507	29	rate	rate	NOUN
cjfa-33342	507	30	to	to	PART
cjfa-33342	507	31	have	have	VERB
cjfa-33342	507	32	an	an	DET
cjfa-33342	507	33	idea	idea	NOUN
cjfa-33342	507	34	of	of	ADP
cjfa-33342	507	35	what	what	PRON
cjfa-33342	507	36	would	would	AUX
cjfa-33342	507	37	interest	interest	NOUN
cjfa-33342	507	38	rate	rate	NOUN
cjfa-33342	507	39	be	be	AUX
cjfa-33342	507	40	in	in	ADP
cjfa-33342	507	41	the	the	DET
cjfa-33342	507	42	future	future	NOUN
cjfa-33342	507	43	.	.	PUNCT
cjfa-33342	508	1	this	this	DET
cjfa-33342	508	2	result	result	NOUN
cjfa-33342	508	3	suggests	suggest	VERB
cjfa-33342	508	4	that	that	SCONJ
cjfa-33342	508	5	operators	operator	NOUN
cjfa-33342	508	6	on	on	ADP
cjfa-33342	508	7	the	the	DET
cjfa-33342	508	8	market	market	NOUN
cjfa-33342	508	9	in	in	ADP
cjfa-33342	508	10	this	this	DET
cjfa-33342	508	11	country	country	NOUN
cjfa-33342	508	12	are	be	AUX
cjfa-33342	508	13	more	more	ADV
cjfa-33342	508	14	irrational	irrational	ADJ
cjfa-33342	508	15	in	in	ADP
cjfa-33342	508	16	their	their	PRON
cjfa-33342	508	17	expectations	expectation	NOUN
cjfa-33342	508	18	,	,	PUNCT
cjfa-33342	508	19	and	and	CCONJ
cjfa-33342	508	20	that	that	PRON
cjfa-33342	508	21	is	be	AUX
cjfa-33342	508	22	the	the	DET
cjfa-33342	508	23	conclusion	conclusion	NOUN
cjfa-33342	508	24	of	of	ADP
cjfa-33342	508	25	hardouvelis	hardouvelis	PROPN
cjfa-33342	508	26	(	(	PUNCT
cjfa-33342	508	27	1994	1994	NUM
cjfa-33342	508	28	)	)	PUNCT
cjfa-33342	508	29	in	in	ADP
cjfa-33342	508	30	united	united	PROPN
cjfa-33342	508	31	-	-	PUNCT
cjfa-33342	508	32	states	state	NOUN
cjfa-33342	508	33	,	,	PUNCT
cjfa-33342	508	34	even	even	ADV
cjfa-33342	508	35	though	though	SCONJ
cjfa-33342	508	36	he	he	PRON
cjfa-33342	508	37	used	use	VERB
cjfa-33342	508	38	a	a	DET
cjfa-33342	508	39	var	var	NOUN
cjfa-33342	508	40	model	model	NOUN
cjfa-33342	508	41	of	of	ADP
cjfa-33342	508	42	campbell	campbell	PROPN
cjfa-33342	508	43	and	and	CCONJ
cjfa-33342	508	44	shiller	shiller	PROPN
cjfa-33342	508	45	(	(	PUNCT
cjfa-33342	508	46	1991	1991	NUM
cjfa-33342	508	47	)	)	PUNCT
cjfa-33342	508	48	to	to	PART
cjfa-33342	508	49	confirm	confirm	VERB
cjfa-33342	508	50	it	it	PRON
cjfa-33342	508	51	.	.	PUNCT
cjfa-33342	509	1	in	in	ADP
cjfa-33342	509	2	the	the	DET
cjfa-33342	509	3	republic	republic	NOUN
cjfa-33342	509	4	of	of	ADP
cjfa-33342	509	5	south	south	PROPN
cjfa-33342	509	6	africa	africa	PROPN
cjfa-33342	509	7	,	,	PUNCT
cjfa-33342	509	8	while	while	SCONJ
cjfa-33342	509	9	the	the	DET
cjfa-33342	509	10	fmols	fmol	NOUN
cjfa-33342	509	11	and	and	CCONJ
cjfa-33342	509	12	dols	dol	NOUN
cjfa-33342	509	13	results	result	NOUN
cjfa-33342	509	14	are	be	AUX
cjfa-33342	509	15	slightly	slightly	ADV
cjfa-33342	509	16	the	the	DET
cjfa-33342	509	17	same	same	ADJ
cjfa-33342	509	18	in	in	ADP
cjfa-33342	509	19	term	term	NOUN
cjfa-33342	509	20	of	of	ADP
cjfa-33342	509	21	coefficient	coefficient	NOUN
cjfa-33342	509	22	values	value	NOUN
cjfa-33342	509	23	,	,	PUNCT
cjfa-33342	509	24	they	they	PRON
cjfa-33342	509	25	are	be	AUX
cjfa-33342	509	26	different	different	ADJ
cjfa-33342	509	27	in	in	ADP
cjfa-33342	509	28	term	term	NOUN
cjfa-33342	509	29	of	of	ADP
cjfa-33342	509	30	significance	significance	NOUN
cjfa-33342	509	31	.	.	PUNCT
cjfa-33342	510	1	the	the	DET
cjfa-33342	510	2	model	model	NOUN
cjfa-33342	510	3	of	of	ADP
cjfa-33342	510	4	3	3	NUM
cjfa-33342	510	5	months	month	NOUN
cjfa-33342	510	6	and	and	CCONJ
cjfa-33342	510	7	6	6	NUM
cjfa-33342	510	8	months	month	NOUN
cjfa-33342	510	9	rates	rate	NOUN
cjfa-33342	510	10	is	be	AUX
cjfa-33342	510	11	significant	significant	ADJ
cjfa-33342	510	12	with	with	ADP
cjfa-33342	510	13	fmols	fmol	NOUN
cjfa-33342	510	14	,	,	PUNCT
cjfa-33342	510	15	while	while	SCONJ
cjfa-33342	510	16	the	the	DET
cjfa-33342	510	17	model	model	NOUN
cjfa-33342	510	18	of	of	ADP
cjfa-33342	510	19	6	6	NUM
cjfa-33342	510	20	months	month	NOUN
cjfa-33342	510	21	and	and	CCONJ
cjfa-33342	510	22	12	12	NUM
cjfa-33342	510	23	months	month	NOUN
cjfa-33342	510	24	rates	rate	NOUN
cjfa-33342	510	25	is	be	AUX
cjfa-33342	510	26	not	not	PART
cjfa-33342	510	27	.	.	PUNCT
cjfa-33342	511	1	the	the	DET
cjfa-33342	511	2	results	result	NOUN
cjfa-33342	511	3	are	be	AUX
cjfa-33342	511	4	the	the	DET
cjfa-33342	511	5	inverse	inverse	NOUN
cjfa-33342	511	6	with	with	ADP
cjfa-33342	511	7	the	the	DET
cjfa-33342	511	8	dols	dol	NOUN
cjfa-33342	511	9	.	.	PUNCT
cjfa-33342	512	1	this	this	PRON
cjfa-33342	512	2	could	could	AUX
cjfa-33342	512	3	also	also	ADV
cjfa-33342	512	4	be	be	AUX
cjfa-33342	512	5	explained	explain	VERB
cjfa-33342	512	6	by	by	ADP
cjfa-33342	512	7	strong	strong	ADJ
cjfa-33342	512	8	persistence	persistence	NOUN
cjfa-33342	512	9	in	in	ADP
cjfa-33342	512	10	the	the	DET
cjfa-33342	512	11	variables	variable	NOUN
cjfa-33342	512	12	.	.	PUNCT
cjfa-33342	513	1	in	in	ADP
cjfa-33342	513	2	that	that	DET
cjfa-33342	513	3	context	context	NOUN
cjfa-33342	513	4	,	,	PUNCT
cjfa-33342	513	5	the	the	DET
cjfa-33342	513	6	sample	sample	NOUN
cjfa-33342	513	7	size	size	NOUN
cjfa-33342	513	8	would	would	AUX
cjfa-33342	513	9	play	play	VERB
cjfa-33342	513	10	a	a	DET
cjfa-33342	513	11	role	role	NOUN
cjfa-33342	513	12	here	here	ADV
cjfa-33342	513	13	too	too	ADV
cjfa-33342	513	14	.	.	PUNCT
cjfa-33342	514	1	the	the	DET
cjfa-33342	514	2	dols	dol	NOUN
cjfa-33342	514	3	being	be	AUX
cjfa-33342	514	4	more	more	ADV
cjfa-33342	514	5	consistent	consistent	ADJ
cjfa-33342	514	6	than	than	ADP
cjfa-33342	514	7	the	the	DET
cjfa-33342	514	8	fmols	fmol	NOUN
cjfa-33342	514	9	,	,	PUNCT
cjfa-33342	514	10	if	if	SCONJ
cjfa-33342	514	11	we	we	PRON
cjfa-33342	514	12	consider	consider	VERB
cjfa-33342	514	13	a	a	DET
cjfa-33342	514	14	threshold	threshold	NOUN
cjfa-33342	514	15	of	of	ADP
cjfa-33342	514	16	5	5	NUM
cjfa-33342	514	17	%	%	NOUN
cjfa-33342	514	18	,	,	PUNCT
cjfa-33342	514	19	we	we	PRON
cjfa-33342	514	20	have	have	VERB
cjfa-33342	514	21	to	to	PART
cjfa-33342	514	22	conclude	conclude	VERB
cjfa-33342	514	23	that	that	SCONJ
cjfa-33342	514	24	the	the	DET
cjfa-33342	514	25	predictions	prediction	NOUN
cjfa-33342	514	26	of	of	ADP
cjfa-33342	514	27	the	the	DET
cjfa-33342	514	28	implicit	implicit	ADJ
cjfa-33342	514	29	forward	forward	ADJ
cjfa-33342	514	30	rate	rate	NOUN
cjfa-33342	514	31	are	be	AUX
cjfa-33342	514	32	irrelevant	irrelevant	ADJ
cjfa-33342	514	33	in	in	ADP
cjfa-33342	514	34	the	the	DET
cjfa-33342	514	35	republic	republic	NOUN
cjfa-33342	514	36	of	of	ADP
cjfa-33342	514	37	south	south	PROPN
cjfa-33342	514	38	africa	africa	PROPN
cjfa-33342	514	39	.	.	PUNCT
cjfa-33342	515	1	this	this	DET
cjfa-33342	515	2	conclusion	conclusion	NOUN
cjfa-33342	515	3	is	be	AUX
cjfa-33342	515	4	the	the	DET
cjfa-33342	515	5	same	same	ADJ
cjfa-33342	515	6	for	for	ADP
cjfa-33342	515	7	the	the	DET
cjfa-33342	515	8	fmols	fmol	NOUN
cjfa-33342	515	9	if	if	SCONJ
cjfa-33342	515	10	we	we	PRON
cjfa-33342	515	11	consider	consider	VERB
cjfa-33342	515	12	the	the	DET
cjfa-33342	515	13	determination	determination	NOUN
cjfa-33342	515	14	coefficient	coefficient	NOUN
cjfa-33342	515	15	.	.	PUNCT
cjfa-33342	516	1	therefore	therefore	ADV
cjfa-33342	516	2	,	,	PUNCT
cjfa-33342	516	3	operators	operator	NOUN
cjfa-33342	516	4	on	on	ADP
cjfa-33342	516	5	that	that	DET
cjfa-33342	516	6	market	market	NOUN
cjfa-33342	516	7	should	should	AUX
cjfa-33342	516	8	not	not	PART
cjfa-33342	516	9	rely	rely	VERB
cjfa-33342	516	10	on	on	ADP
cjfa-33342	516	11	the	the	DET
cjfa-33342	516	12	predictions	prediction	NOUN
cjfa-33342	516	13	of	of	ADP
cjfa-33342	516	14	the	the	DET
cjfa-33342	516	15	implicit	implicit	ADJ
cjfa-33342	516	16	forward	forward	ADJ
cjfa-33342	516	17	rate	rate	NOUN
cjfa-33342	516	18	.	.	PUNCT
cjfa-33342	516	19	 	 	SPACE
cjfa-33342	517	1	conclusion	conclusion	NOUN
cjfa-33342	517	2	the	the	DET
cjfa-33342	517	3	purpose	purpose	NOUN
cjfa-33342	517	4	of	of	ADP
cjfa-33342	517	5	this	this	DET
cjfa-33342	517	6	study	study	NOUN
cjfa-33342	517	7	was	be	AUX
cjfa-33342	517	8	to	to	PART
cjfa-33342	517	9	verify	verify	VERB
cjfa-33342	517	10	the	the	DET
cjfa-33342	517	11	predictive	predictive	ADJ
cjfa-33342	517	12	power	power	NOUN
cjfa-33342	517	13	of	of	ADP
cjfa-33342	517	14	the	the	DET
cjfa-33342	517	15	implied	imply	VERB
cjfa-33342	517	16	forward	forward	ADJ
cjfa-33342	517	17	rate	rate	NOUN
cjfa-33342	517	18	of	of	ADP
cjfa-33342	517	19	the	the	DET
cjfa-33342	517	20	term	term	NOUN
cjfa-33342	517	21	structure	structure	NOUN
cjfa-33342	517	22	of	of	ADP
cjfa-33342	517	23	interest	interest	NOUN
cjfa-33342	517	24	rates	rate	NOUN
cjfa-33342	517	25	in	in	ADP
cjfa-33342	517	26	africa	africa	PROPN
cjfa-33342	517	27	.	.	PUNCT
cjfa-33342	518	1	data	data	PROPN
cjfa-33342	518	2	from	from	ADP
cjfa-33342	518	3	egypt	egypt	PROPN
cjfa-33342	518	4	,	,	PUNCT
cjfa-33342	518	5	ghana	ghana	PROPN
cjfa-33342	518	6	,	,	PUNCT
cjfa-33342	518	7	kenya	kenya	PROPN
cjfa-33342	518	8	,	,	PUNCT
cjfa-33342	518	9	nigeria	nigeria	PROPN
cjfa-33342	518	10	and	and	CCONJ
cjfa-33342	518	11	the	the	DET
cjfa-33342	518	12	republic	republic	NOUN
cjfa-33342	518	13	of	of	ADP
cjfa-33342	518	14	south	south	PROPN
cjfa-33342	518	15	africa	africa	PROPN
cjfa-33342	518	16	were	be	AUX
cjfa-33342	518	17	used	use	VERB
cjfa-33342	518	18	to	to	ADP
cjfa-33342	518	19	this	this	DET
cjfa-33342	518	20	end	end	NOUN
cjfa-33342	518	21	.	.	PUNCT
cjfa-33342	519	1	a	a	DET
cjfa-33342	519	2	modified	modify	VERB
cjfa-33342	519	3	version	version	NOUN
cjfa-33342	519	4	of	of	ADP
cjfa-33342	519	5	the	the	DET
cjfa-33342	519	6	yield	yield	NOUN
cjfa-33342	519	7	term	term	NOUN
cjfa-33342	519	8	premium	premium	NOUN
cjfa-33342	519	9	and	and	CCONJ
cjfa-33342	519	10	the	the	DET
cjfa-33342	519	11	forward	forward	ADJ
cjfa-33342	519	12	term	term	NOUN
cjfa-33342	519	13	premium	premium	NOUN
cjfa-33342	519	14	interest	interest	NOUN
cjfa-33342	519	15	rate	rate	NOUN
cjfa-33342	519	16	predictability	predictability	NOUN
cjfa-33342	519	17	in	in	ADP
cjfa-33342	519	18	some	some	DET
cjfa-33342	519	19	selected	select	VERB
cjfa-33342	519	20	african	african	ADJ
cjfa-33342	519	21	countries	country	NOUN
cjfa-33342	519	22	57	57	NUM
cjfa-33342	519	23	models	model	NOUN
cjfa-33342	519	24	of	of	ADP
cjfa-33342	519	25	shiller	shiller	PROPN
cjfa-33342	519	26	and	and	CCONJ
cjfa-33342	519	27	mcculloch	mcculloch	PROPN
cjfa-33342	519	28	(	(	PUNCT
cjfa-33342	519	29	1990	1990	NUM
cjfa-33342	519	30	)	)	PUNCT
cjfa-33342	519	31	were	be	AUX
cjfa-33342	519	32	used	use	VERB
cjfa-33342	519	33	to	to	PART
cjfa-33342	519	34	test	test	VERB
cjfa-33342	519	35	the	the	DET
cjfa-33342	519	36	predictive	predictive	ADJ
cjfa-33342	519	37	power	power	NOUN
cjfa-33342	519	38	of	of	ADP
cjfa-33342	519	39	the	the	DET
cjfa-33342	519	40	implicit	implicit	ADJ
cjfa-33342	519	41	forward	forward	ADJ
cjfa-33342	519	42	rate	rate	NOUN
cjfa-33342	519	43	,	,	PUNCT
cjfa-33342	519	44	rather	rather	ADV
cjfa-33342	519	45	than	than	ADP
cjfa-33342	519	46	the	the	DET
cjfa-33342	519	47	rational	rational	ADJ
cjfa-33342	519	48	expectations	expectation	NOUN
cjfa-33342	519	49	hypothesis	hypothesis	NOUN
cjfa-33342	519	50	.	.	PUNCT
cjfa-33342	520	1	we	we	PRON
cjfa-33342	520	2	both	both	PRON
cjfa-33342	520	3	used	use	VERB
cjfa-33342	520	4	fmols	fmol	NOUN
cjfa-33342	520	5	and	and	CCONJ
cjfa-33342	520	6	dols	dol	NOUN
cjfa-33342	520	7	estimators	estimator	NOUN
cjfa-33342	520	8	,	,	PUNCT
cjfa-33342	520	9	since	since	SCONJ
cjfa-33342	520	10	they	they	PRON
cjfa-33342	520	11	are	be	AUX
cjfa-33342	520	12	more	more	ADV
cjfa-33342	520	13	consistent	consistent	ADJ
cjfa-33342	520	14	than	than	ADP
cjfa-33342	520	15	ols	ol	NOUN
cjfa-33342	520	16	with	with	ADP
cjfa-33342	520	17	non	non	ADJ
cjfa-33342	520	18	-	-	ADJ
cjfa-33342	520	19	stationary	stationary	ADJ
cjfa-33342	520	20	series	series	NOUN
cjfa-33342	520	21	.	.	PUNCT
cjfa-33342	521	1	the	the	DET
cjfa-33342	521	2	results	result	NOUN
cjfa-33342	521	3	of	of	ADP
cjfa-33342	521	4	this	this	DET
cjfa-33342	521	5	study	study	NOUN
cjfa-33342	521	6	show	show	VERB
cjfa-33342	521	7	that	that	SCONJ
cjfa-33342	521	8	the	the	DET
cjfa-33342	521	9	implicit	implicit	ADJ
cjfa-33342	521	10	forward	forward	ADJ
cjfa-33342	521	11	rate	rate	NOUN
cjfa-33342	521	12	does	do	AUX
cjfa-33342	521	13	not	not	PART
cjfa-33342	521	14	have	have	VERB
cjfa-33342	521	15	a	a	DET
cjfa-33342	521	16	significant	significant	ADJ
cjfa-33342	521	17	predictive	predictive	ADJ
cjfa-33342	521	18	power	power	NOUN
cjfa-33342	521	19	in	in	ADP
cjfa-33342	521	20	the	the	DET
cjfa-33342	521	21	african	african	ADJ
cjfa-33342	521	22	countries	country	NOUN
cjfa-33342	521	23	considered	consider	VERB
cjfa-33342	521	24	.	.	PUNCT
cjfa-33342	522	1	as	as	ADP
cjfa-33342	522	2	a	a	DET
cjfa-33342	522	3	recommendation	recommendation	NOUN
cjfa-33342	522	4	,	,	PUNCT
cjfa-33342	522	5	economic	economic	ADJ
cjfa-33342	522	6	agents	agent	NOUN
cjfa-33342	522	7	operating	operate	VERB
cjfa-33342	522	8	in	in	ADP
cjfa-33342	522	9	these	these	DET
cjfa-33342	522	10	countries	country	NOUN
cjfa-33342	522	11	should	should	AUX
cjfa-33342	522	12	not	not	PART
cjfa-33342	522	13	rely	rely	VERB
cjfa-33342	522	14	on	on	ADP
cjfa-33342	522	15	the	the	DET
cjfa-33342	522	16	predictions	prediction	NOUN
cjfa-33342	522	17	of	of	ADP
cjfa-33342	522	18	the	the	DET
cjfa-33342	522	19	implicit	implicit	ADJ
cjfa-33342	522	20	forward	forward	ADJ
cjfa-33342	522	21	rate	rate	NOUN
cjfa-33342	522	22	in	in	ADP
cjfa-33342	522	23	their	their	PRON
cjfa-33342	522	24	decision	decision	NOUN
cjfa-33342	522	25	making	making	NOUN
cjfa-33342	522	26	.	.	PUNCT
cjfa-33342	523	1	indeed	indeed	ADV
cjfa-33342	523	2	,	,	PUNCT
cjfa-33342	523	3	it	it	PRON
cjfa-33342	523	4	would	would	AUX
cjfa-33342	523	5	be	be	AUX
cjfa-33342	523	6	difficult	difficult	ADJ
cjfa-33342	523	7	to	to	PART
cjfa-33342	523	8	make	make	VERB
cjfa-33342	523	9	relevant	relevant	ADJ
cjfa-33342	523	10	forecasts	forecast	NOUN
cjfa-33342	523	11	of	of	ADP
cjfa-33342	523	12	the	the	DET
cjfa-33342	523	13	evolution	evolution	NOUN
cjfa-33342	523	14	of	of	ADP
cjfa-33342	523	15	economic	economic	ADJ
cjfa-33342	523	16	conditions	condition	NOUN
cjfa-33342	523	17	based	base	VERB
cjfa-33342	523	18	on	on	ADP
cjfa-33342	523	19	a	a	DET
cjfa-33342	523	20	hypothetical	hypothetical	ADJ
cjfa-33342	523	21	general	general	ADJ
cjfa-33342	523	22	equilibrium	equilibrium	NOUN
cjfa-33342	523	23	relationship	relationship	NOUN
cjfa-33342	523	24	between	between	ADP
cjfa-33342	523	25	short	short	ADJ
cjfa-33342	523	26	-	-	PUNCT
cjfa-33342	523	27	term	term	NOUN
cjfa-33342	523	28	and	and	CCONJ
cjfa-33342	523	29	long	long	ADJ
cjfa-33342	523	30	-	-	PUNCT
cjfa-33342	523	31	term	term	NOUN
cjfa-33342	523	32	rates	rate	NOUN
cjfa-33342	523	33	in	in	ADP
cjfa-33342	523	34	these	these	DET
cjfa-33342	523	35	countries	country	NOUN
cjfa-33342	523	36	,	,	PUNCT
cjfa-33342	523	37	since	since	SCONJ
cjfa-33342	523	38	the	the	DET
cjfa-33342	523	39	markets	market	NOUN
cjfa-33342	523	40	under	under	ADP
cjfa-33342	523	41	consideration	consideration	NOUN
cjfa-33342	523	42	are	be	AUX
cjfa-33342	523	43	not	not	PART
cjfa-33342	523	44	in	in	ADP
cjfa-33342	523	45	a	a	DET
cjfa-33342	523	46	situation	situation	NOUN
cjfa-33342	523	47	of	of	ADP
cjfa-33342	523	48	general	general	ADJ
cjfa-33342	523	49	equilibrium	equilibrium	NOUN
cjfa-33342	523	50	.	.	PUNCT
cjfa-33342	524	1	a	a	DET
cjfa-33342	524	2	direct	direct	ADJ
cjfa-33342	524	3	implication	implication	NOUN
cjfa-33342	524	4	of	of	ADP
cjfa-33342	524	5	this	this	DET
cjfa-33342	524	6	observation	observation	NOUN
cjfa-33342	524	7	is	be	AUX
cjfa-33342	524	8	the	the	DET
cjfa-33342	524	9	fact	fact	NOUN
cjfa-33342	524	10	that	that	SCONJ
cjfa-33342	524	11	an	an	DET
cjfa-33342	524	12	operator	operator	NOUN
cjfa-33342	524	13	could	could	AUX
cjfa-33342	524	14	take	take	VERB
cjfa-33342	524	15	advantage	advantage	NOUN
cjfa-33342	524	16	of	of	ADP
cjfa-33342	524	17	this	this	DET
cjfa-33342	524	18	situation	situation	NOUN
cjfa-33342	524	19	of	of	ADP
cjfa-33342	524	20	absence	absence	NOUN
cjfa-33342	524	21	of	of	ADP
cjfa-33342	524	22	general	general	ADJ
cjfa-33342	524	23	equilibrium	equilibrium	NOUN
cjfa-33342	524	24	on	on	ADP
cjfa-33342	524	25	these	these	DET
cjfa-33342	524	26	markets	market	NOUN
cjfa-33342	524	27	to	to	PART
cjfa-33342	524	28	optimise	optimise	VERB
cjfa-33342	524	29	his	his	PRON
cjfa-33342	524	30	speculative	speculative	ADJ
cjfa-33342	524	31	and	and	CCONJ
cjfa-33342	524	32	arbitrage	arbitrage	NOUN
cjfa-33342	524	33	gains	gain	NOUN
cjfa-33342	524	34	between	between	ADP
cjfa-33342	524	35	the	the	DET
cjfa-33342	524	36	short	short	ADJ
cjfa-33342	524	37	run	run	NOUN
cjfa-33342	524	38	and	and	CCONJ
cjfa-33342	524	39	the	the	DET
cjfa-33342	524	40	long	long	ADJ
cjfa-33342	524	41	run	run	NOUN
cjfa-33342	524	42	.	.	PUNCT
cjfa-33342	525	1	a	a	DET
cjfa-33342	525	2	group	group	NOUN
cjfa-33342	525	3	of	of	ADP
cjfa-33342	525	4	operators	operator	NOUN
cjfa-33342	525	5	applying	apply	VERB
cjfa-33342	525	6	the	the	DET
cjfa-33342	525	7	same	same	ADJ
cjfa-33342	525	8	optimisation	optimisation	NOUN
cjfa-33342	525	9	strategy	strategy	NOUN
cjfa-33342	525	10	could	could	AUX
cjfa-33342	525	11	thus	thus	ADV
cjfa-33342	525	12	have	have	VERB
cjfa-33342	525	13	a	a	DET
cjfa-33342	525	14	significant	significant	ADJ
cjfa-33342	525	15	influence	influence	NOUN
cjfa-33342	525	16	on	on	ADP
cjfa-33342	525	17	the	the	DET
cjfa-33342	525	18	supply	supply	NOUN
cjfa-33342	525	19	of	of	ADP
cjfa-33342	525	20	financing	financing	NOUN
cjfa-33342	525	21	for	for	ADP
cjfa-33342	525	22	agents	agent	NOUN
cjfa-33342	525	23	in	in	ADP
cjfa-33342	525	24	need	need	NOUN
cjfa-33342	525	25	of	of	ADP
cjfa-33342	525	26	financing	financing	NOUN
cjfa-33342	525	27	in	in	ADP
cjfa-33342	525	28	the	the	DET
cjfa-33342	525	29	different	different	ADJ
cjfa-33342	525	30	segments	segment	NOUN
cjfa-33342	525	31	of	of	ADP
cjfa-33342	525	32	the	the	DET
cjfa-33342	525	33	market	market	NOUN
cjfa-33342	525	34	(	(	PUNCT
cjfa-33342	525	35	long	long	ADJ
cjfa-33342	525	36	term	term	NOUN
cjfa-33342	525	37	and	and	CCONJ
cjfa-33342	525	38	short	short	ADJ
cjfa-33342	525	39	term	term	NOUN
cjfa-33342	525	40	)	)	PUNCT
cjfa-33342	525	41	.	.	PUNCT
cjfa-33342	526	1	furthermore	furthermore	ADV
cjfa-33342	526	2	,	,	PUNCT
cjfa-33342	526	3	by	by	ADP
cjfa-33342	526	4	extrapolation	extrapolation	NOUN
cjfa-33342	526	5	,	,	PUNCT
cjfa-33342	526	6	the	the	DET
cjfa-33342	526	7	results	result	NOUN
cjfa-33342	526	8	of	of	ADP
cjfa-33342	526	9	this	this	DET
cjfa-33342	526	10	study	study	NOUN
cjfa-33342	526	11	reveal	reveal	VERB
cjfa-33342	526	12	that	that	SCONJ
cjfa-33342	526	13	a	a	DET
cjfa-33342	526	14	shock	shock	NOUN
cjfa-33342	526	15	occurring	occur	VERB
cjfa-33342	526	16	in	in	ADP
cjfa-33342	526	17	one	one	NUM
cjfa-33342	526	18	market	market	NOUN
cjfa-33342	526	19	segment	segment	NOUN
cjfa-33342	526	20	(	(	PUNCT
cjfa-33342	526	21	such	such	ADJ
cjfa-33342	526	22	as	as	ADP
cjfa-33342	526	23	a	a	DET
cjfa-33342	526	24	change	change	NOUN
cjfa-33342	526	25	in	in	ADP
cjfa-33342	526	26	monetary	monetary	ADJ
cjfa-33342	526	27	policy	policy	NOUN
cjfa-33342	526	28	in	in	ADP
cjfa-33342	526	29	the	the	DET
cjfa-33342	526	30	short	short	ADJ
cjfa-33342	526	31	term	term	NOUN
cjfa-33342	526	32	)	)	PUNCT
cjfa-33342	526	33	would	would	AUX
cjfa-33342	526	34	have	have	VERB
cjfa-33342	526	35	a	a	DET
cjfa-33342	526	36	marginal	marginal	ADJ
cjfa-33342	526	37	effect	effect	NOUN
cjfa-33342	526	38	on	on	ADP
cjfa-33342	526	39	the	the	DET
cjfa-33342	526	40	other	other	ADJ
cjfa-33342	526	41	market	market	NOUN
cjfa-33342	526	42	segments	segment	NOUN
cjfa-33342	526	43	.	.	PUNCT
cjfa-33342	527	1	in	in	ADP
cjfa-33342	527	2	other	other	ADJ
cjfa-33342	527	3	words	word	NOUN
cjfa-33342	527	4	,	,	PUNCT
cjfa-33342	527	5	the	the	DET
cjfa-33342	527	6	interest	interest	NOUN
cjfa-33342	527	7	rate	rate	NOUN
cjfa-33342	527	8	formation	formation	NOUN
cjfa-33342	527	9	process	process	NOUN
cjfa-33342	527	10	would	would	AUX
cjfa-33342	527	11	depend	depend	VERB
cjfa-33342	527	12	exclusively	exclusively	ADV
cjfa-33342	527	13	on	on	ADP
cjfa-33342	527	14	the	the	DET
cjfa-33342	527	15	conditions	condition	NOUN
cjfa-33342	527	16	of	of	ADP
cjfa-33342	527	17	supply	supply	NOUN
cjfa-33342	527	18	and	and	CCONJ
cjfa-33342	527	19	demand	demand	NOUN
cjfa-33342	527	20	for	for	ADP
cjfa-33342	527	21	capital	capital	NOUN
cjfa-33342	527	22	in	in	ADP
cjfa-33342	527	23	each	each	DET
cjfa-33342	527	24	market	market	NOUN
cjfa-33342	527	25	segment	segment	NOUN
cjfa-33342	527	26	in	in	ADP
cjfa-33342	527	27	these	these	DET
cjfa-33342	527	28	countries	country	NOUN
cjfa-33342	527	29	.	.	PUNCT
cjfa-33342	528	1	concerning	concern	VERB
cjfa-33342	528	2	interest	interest	NOUN
cjfa-33342	528	3	rate	rate	NOUN
cjfa-33342	528	4	predictability	predictability	NOUN
cjfa-33342	528	5	,	,	PUNCT
cjfa-33342	528	6	it	it	PRON
cjfa-33342	528	7	would	would	AUX
cjfa-33342	528	8	be	be	AUX
cjfa-33342	528	9	interesting	interesting	ADJ
cjfa-33342	528	10	to	to	PART
cjfa-33342	528	11	study	study	VERB
cjfa-33342	528	12	the	the	DET
cjfa-33342	528	13	dynamics	dynamic	NOUN
cjfa-33342	528	14	of	of	ADP
cjfa-33342	528	15	interest	interest	NOUN
cjfa-33342	528	16	rates	rate	NOUN
cjfa-33342	528	17	in	in	ADP
cjfa-33342	528	18	each	each	DET
cjfa-33342	528	19	segment	segment	NOUN
cjfa-33342	528	20	before	before	ADP
cjfa-33342	528	21	concluding	conclude	VERB
cjfa-33342	528	22	that	that	SCONJ
cjfa-33342	528	23	interest	interest	NOUN
cjfa-33342	528	24	rates	rate	NOUN
cjfa-33342	528	25	in	in	ADP
cjfa-33342	528	26	these	these	DET
cjfa-33342	528	27	african	african	ADJ
cjfa-33342	528	28	markets	market	NOUN
cjfa-33342	528	29	are	be	AUX
cjfa-33342	528	30	unpredictable	unpredictable	ADJ
cjfa-33342	528	31	.	.	PUNCT
cjfa-33342	529	1	in	in	ADP
cjfa-33342	529	2	that	that	DET
cjfa-33342	529	3	logic	logic	NOUN
cjfa-33342	529	4	,	,	PUNCT
cjfa-33342	529	5	one	one	PRON
cjfa-33342	529	6	could	could	AUX
cjfa-33342	529	7	be	be	AUX
cjfa-33342	529	8	interested	interested	ADJ
cjfa-33342	529	9	in	in	ADP
cjfa-33342	529	10	studying	study	VERB
cjfa-33342	529	11	if	if	SCONJ
cjfa-33342	529	12	the	the	DET
cjfa-33342	529	13	var	var	NOUN
cjfa-33342	529	14	predictions	prediction	NOUN
cjfa-33342	529	15	of	of	ADP
cjfa-33342	529	16	campbell	campbell	PROPN
cjfa-33342	529	17	and	and	CCONJ
cjfa-33342	529	18	shiller	shiller	PROPN
cjfa-33342	529	19	(	(	PUNCT
cjfa-33342	529	20	1991	1991	NUM
cjfa-33342	529	21	)	)	PUNCT
cjfa-33342	529	22	could	could	AUX
cjfa-33342	529	23	be	be	AUX
cjfa-33342	529	24	more	more	ADV
cjfa-33342	529	25	accurate	accurate	ADJ
cjfa-33342	529	26	.	.	PUNCT
cjfa-33342	529	27	 	 	SPACE
cjfa-33342	530	1	references	reference	NOUN
cjfa-33342	530	2	anastasiou	anastasiou	PROPN
cjfa-33342	530	3	,	,	PUNCT
cjfa-33342	530	4	d.	d.	PROPN
cjfa-33342	530	5	,	,	PUNCT
cjfa-33342	530	6	louri	louri	PROPN
cjfa-33342	530	7	,	,	PUNCT
cjfa-33342	530	8	h.	h.	PROPN
cjfa-33342	530	9	,	,	PUNCT
cjfa-33342	530	10	&	&	CCONJ
cjfa-33342	530	11	tsionas	tsionas	PROPN
cjfa-33342	530	12	,	,	PUNCT
cjfa-33342	530	13	m.g	m.g	PROPN
cjfa-33342	530	14	.	.	PROPN
cjfa-33342	530	15	(	(	PUNCT
cjfa-33342	530	16	2016	2016	NUM
cjfa-33342	530	17	)	)	PUNCT
cjfa-33342	530	18	.	.	PUNCT
cjfa-33342	531	1	non	non	ADJ
cjfa-33342	531	2	-	-	ADJ
cjfa-33342	531	3	performing	performing	ADJ
cjfa-33342	531	4	loans	loan	NOUN
cjfa-33342	531	5	in	in	ADP
cjfa-33342	531	6	the	the	DET
cjfa-33342	531	7	euro	euro	PROPN
cjfa-33342	531	8	area	area	NOUN
cjfa-33342	531	9	:	:	PUNCT
cjfa-33342	531	10	are	be	AUX
cjfa-33342	531	11	core	core	ADJ
cjfa-33342	531	12	-	-	PUNCT
cjfa-33342	531	13	periphery	periphery	NOUN
cjfa-33342	531	14	banking	banking	NOUN
cjfa-33342	531	15	markets	market	NOUN
cjfa-33342	531	16	fragmented	fragment	VERB
cjfa-33342	531	17	?	?	PUNCT
cjfa-33342	532	1	bank	bank	PROPN
cjfa-33342	532	2	of	of	ADP
cjfa-33342	532	3	greece	greece	PROPN
cjfa-33342	532	4	working	working	PROPN
cjfa-33342	532	5	paper	paper	NOUN
cjfa-33342	532	6	,	,	PUNCT
cjfa-33342	532	7	n	n	CCONJ
cjfa-33342	532	8	°	°	NUM
cjfa-33342	532	9	219	219	NUM
cjfa-33342	532	10	,	,	PUNCT
cjfa-33342	532	11	1	1	NUM
cjfa-33342	532	12	-	-	SYM
cjfa-33342	532	13	48	48	NUM
cjfa-33342	532	14	.	.	PUNCT
cjfa-33342	533	1	http://dx.doi.org/10.2139/ssrn.2868777	http://dx.doi.org/10.2139/ssrn.2868777	PROPN
cjfa-33342	533	2	.	.	PROPN
cjfa-33342	533	3	arize	arize	PROPN
cjfa-33342	533	4	,	,	PUNCT
cjfa-33342	533	5	a.c	a.c	PROPN
cjfa-33342	533	6	.	.	PROPN
cjfa-33342	533	7	,	,	PUNCT
cjfa-33342	533	8	malindretos	malindretos	ADV
cjfa-33342	533	9	,	,	PUNCT
cjfa-33342	533	10	j.	j.	PROPN
cjfa-33342	533	11	,	,	PUNCT
cjfa-33342	533	12	&	&	CCONJ
cjfa-33342	533	13	ghosh	ghosh	PROPN
cjfa-33342	533	14	,	,	PUNCT
cjfa-33342	533	15	d.	d.	PROPN
cjfa-33342	533	16	(	(	PUNCT
cjfa-33342	533	17	2015	2015	NUM
cjfa-33342	533	18	)	)	PUNCT
cjfa-33342	533	19	.	.	PUNCT
cjfa-33342	534	1	purchasing	purchase	VERB
cjfa-33342	534	2	power	power	NOUN
cjfa-33342	534	3	parity	parity	NOUN
cjfa-33342	534	4	-	-	PUNCT
cjfa-33342	534	5	symmetry	symmetry	NOUN
cjfa-33342	534	6	and	and	CCONJ
cjfa-33342	534	7	proportionality	proportionality	NOUN
cjfa-33342	534	8	:	:	PUNCT
cjfa-33342	534	9	evidence	evidence	NOUN
cjfa-33342	534	10	from	from	ADP
cjfa-33342	534	11	116	116	NUM
cjfa-33342	534	12	countries	country	NOUN
cjfa-33342	534	13	.	.	PUNCT
cjfa-33342	535	1	international	international	ADJ
cjfa-33342	535	2	review	review	NOUN
cjfa-33342	535	3	of	of	ADP
cjfa-33342	535	4	economics	economic	NOUN
cjfa-33342	535	5	and	and	CCONJ
cjfa-33342	535	6	finance	finance	NOUN
cjfa-33342	535	7	,	,	PUNCT
cjfa-33342	535	8	37	37	NUM
cjfa-33342	535	9	,	,	PUNCT
cjfa-33342	535	10	69	69	NUM
cjfa-33342	535	11	-	-	SYM
cjfa-33342	535	12	85	85	NUM
cjfa-33342	535	13	.	.	PUNCT
cjfa-33342	536	1	http://dx.doi.org/10.1016/j.iref.2014.11.014	http://dx.doi.org/10.1016/j.iref.2014.11.014	NOUN
cjfa-33342	536	2	.	.	PUNCT
cjfa-33342	537	1	hans	hans	PROPN
cjfa-33342	537	2	patrick	patrick	PROPN
cjfa-33342	537	3	bidias	bidias	PROPN
cjfa-33342	537	4	-	-	PUNCT
cjfa-33342	537	5	menik	menik	NOUN
cjfa-33342	537	6	,	,	PUNCT
cjfa-33342	537	7	simplice	simplice	PROPN
cjfa-33342	537	8	gaël	gaël	PROPN
cjfa-33342	537	9	tonmo58	tonmo58	PROPN
cjfa-33342	537	10	bekaert	bekaert	NOUN
cjfa-33342	537	11	,	,	PUNCT
cjfa-33342	537	12	g.	g.	PROPN
cjfa-33342	537	13	,	,	PUNCT
cjfa-33342	537	14	hodrick	hodrick	PROPN
cjfa-33342	537	15	,	,	PUNCT
cjfa-33342	537	16	r.j	r.j	PROPN
cjfa-33342	537	17	.	.	PROPN
cjfa-33342	537	18	,	,	PUNCT
cjfa-33342	537	19	&	&	CCONJ
cjfa-33342	537	20	marshall	marshall	PROPN
cjfa-33342	537	21	,	,	PUNCT
cjfa-33342	537	22	d.a	d.a	PROPN
cjfa-33342	537	23	.	.	PROPN
cjfa-33342	537	24	(	(	PUNCT
cjfa-33342	537	25	1997	1997	NUM
cjfa-33342	537	26	)	)	PUNCT
cjfa-33342	537	27	.	.	PUNCT
cjfa-33342	538	1	on	on	ADP
cjfa-33342	538	2	biases	bias	NOUN
cjfa-33342	538	3	in	in	ADP
cjfa-33342	538	4	tests	test	NOUN
cjfa-33342	538	5	of	of	ADP
cjfa-33342	538	6	expectation	expectation	NOUN
cjfa-33342	538	7	hypothesis	hypothesis	NOUN
cjfa-33342	538	8	of	of	ADP
cjfa-33342	538	9	the	the	DET
cjfa-33342	538	10	term	term	NOUN
cjfa-33342	538	11	structure	structure	NOUN
cjfa-33342	538	12	of	of	ADP
cjfa-33342	538	13	interest	interest	NOUN
cjfa-33342	538	14	rates	rate	NOUN
cjfa-33342	538	15	.	.	PUNCT
cjfa-33342	539	1	journal	journal	NOUN
cjfa-33342	539	2	of	of	ADP
cjfa-33342	539	3	financial	financial	ADJ
cjfa-33342	539	4	economics	economic	NOUN
cjfa-33342	539	5	,	,	PUNCT
cjfa-33342	539	6	44(3	44(3	NOUN
cjfa-33342	539	7	)	)	PUNCT
cjfa-33342	539	8	,	,	PUNCT
cjfa-33342	539	9	309	309	NUM
cjfa-33342	539	10	-	-	SYM
cjfa-33342	539	11	348	348	NUM
cjfa-33342	539	12	.	.	PUNCT
cjfa-33342	540	1	http://dx.doi.org/10.1016/s0304-405x(97)00007-x	http://dx.doi.org/10.1016/s0304-405x(97)00007-x	X
cjfa-33342	540	2	.	.	PUNCT
cjfa-33342	541	1	bidias	bidias	PROPN
cjfa-33342	541	2	-	-	PUNCT
cjfa-33342	541	3	menik	menik	NOUN
cjfa-33342	541	4	,	,	PUNCT
cjfa-33342	541	5	h.p	h.p	PROPN
cjfa-33342	541	6	.	.	PROPN
cjfa-33342	541	7	,	,	PUNCT
cjfa-33342	541	8	&	&	CCONJ
cjfa-33342	541	9	kamdem	kamdem	PROPN
cjfa-33342	541	10	,	,	PUNCT
cjfa-33342	541	11	d.	d.	PROPN
cjfa-33342	541	12	(	(	PUNCT
cjfa-33342	541	13	2017	2017	NUM
cjfa-33342	541	14	)	)	PUNCT
cjfa-33342	541	15	.	.	PUNCT
cjfa-33342	542	1	la	la	NOUN
cjfa-33342	542	2	structure	structure	NOUN
cjfa-33342	542	3	par	par	NOUN
cjfa-33342	542	4	terme	terme	PROPN
cjfa-33342	542	5	des	des	PROPN
cjfa-33342	542	6	taux	taux	PROPN
cjfa-33342	542	7	d’intétêt	d’intétêt	PROPN
cjfa-33342	542	8	:	:	PUNCT
cjfa-33342	542	9	un	un	PROPN
cjfa-33342	542	10	test	test	PROPN
cjfa-33342	542	11	de	de	X
cjfa-33342	542	12	l’hypothèse	l’hypothèse	X
cjfa-33342	542	13	des	des	X
cjfa-33342	542	14	anticipations	anticipations	PROPN
cjfa-33342	542	15	sur	sur	PROPN
cjfa-33342	542	16	le	le	X
cjfa-33342	542	17	marché	marché	PROPN
cjfa-33342	542	18	interbancaire	interbancaire	PROPN
cjfa-33342	542	19	de	de	X
cjfa-33342	542	20	la	la	PROPN
cjfa-33342	542	21	zone	zone	NOUN
cjfa-33342	542	22	uemoa	uemoa	NOUN
cjfa-33342	542	23	.	.	PUNCT
cjfa-33342	543	1	révue	révue	PROPN
cjfa-33342	543	2	economique	economique	PROPN
cjfa-33342	543	3	et	et	PROPN
cjfa-33342	543	4	monétaire	monétaire	PROPN
cjfa-33342	543	5	[	[	X
cjfa-33342	543	6	the	the	DET
cjfa-33342	543	7	term	term	NOUN
cjfa-33342	543	8	structure	structure	NOUN
cjfa-33342	543	9	of	of	ADP
cjfa-33342	543	10	interest	interest	NOUN
cjfa-33342	543	11	rates	rate	NOUN
cjfa-33342	543	12	:	:	PUNCT
cjfa-33342	543	13	a	a	DET
cjfa-33342	543	14	test	test	NOUN
cjfa-33342	543	15	of	of	ADP
cjfa-33342	543	16	the	the	DET
cjfa-33342	543	17	expectations	expectation	NOUN
cjfa-33342	543	18	hypothesis	hypothesis	NOUN
cjfa-33342	543	19	on	on	ADP
cjfa-33342	543	20	the	the	DET
cjfa-33342	543	21	waemu	waemu	NOUN
cjfa-33342	543	22	interbank	interbank	NOUN
cjfa-33342	543	23	market	market	NOUN
cjfa-33342	543	24	]	]	PUNCT
cjfa-33342	543	25	,	,	PUNCT
cjfa-33342	543	26	n	n	CCONJ
cjfa-33342	543	27	°	°	PROPN
cjfa-33342	543	28	21	21	NUM
cjfa-33342	543	29	,	,	PUNCT
cjfa-33342	543	30	25	25	NUM
cjfa-33342	543	31	-	-	SYM
cjfa-33342	543	32	50	50	NUM
cjfa-33342	543	33	.	.	PUNCT
cjfa-33342	544	1	boamah	boamah	PROPN
cjfa-33342	544	2	,	,	PUNCT
cjfa-33342	544	3	n.a	n.a	PROPN
cjfa-33342	544	4	.	.	PROPN
cjfa-33342	544	5	(	(	PUNCT
cjfa-33342	544	6	2016	2016	NUM
cjfa-33342	544	7	)	)	PUNCT
cjfa-33342	544	8	.	.	PUNCT
cjfa-33342	545	1	testing	test	VERB
cjfa-33342	545	2	the	the	DET
cjfa-33342	545	3	expectations	expectation	NOUN
cjfa-33342	545	4	hypothesis	hypothesis	NOUN
cjfa-33342	545	5	of	of	ADP
cjfa-33342	545	6	the	the	DET
cjfa-33342	545	7	term	term	NOUN
cjfa-33342	545	8	structure	structure	NOUN
cjfa-33342	545	9	of	of	ADP
cjfa-33342	545	10	interest	interest	NOUN
cjfa-33342	545	11	rate	rate	NOUN
cjfa-33342	545	12	:	:	PUNCT
cjfa-33342	545	13	the	the	DET
cjfa-33342	545	14	case	case	NOUN
cjfa-33342	545	15	of	of	ADP
cjfa-33342	545	16	ghana	ghana	PROPN
cjfa-33342	545	17	.	.	PUNCT
cjfa-33342	546	1	journal	journal	PROPN
cjfa-33342	546	2	of	of	ADP
cjfa-33342	546	3	african	african	ADJ
cjfa-33342	546	4	business	business	NOUN
cjfa-33342	546	5	,	,	PUNCT
cjfa-33342	546	6	17(1	17(1	NUM
cjfa-33342	546	7	)	)	PUNCT
cjfa-33342	546	8	,	,	PUNCT
cjfa-33342	546	9	1	1	NUM
cjfa-33342	546	10	-	-	SYM
cjfa-33342	546	11	15	15	NUM
cjfa-33342	546	12	.	.	PUNCT
cjfa-33342	547	1	http://dx.doi	http://dx.doi	NOUN
cjfa-33342	547	2	.	.	PUNCT
cjfa-33342	548	1	org/10.1080/15228916.2016.1094717	org/10.1080/15228916.2016.1094717	PROPN
cjfa-33342	548	2	.	.	PUNCT
cjfa-33342	548	3	bulkley	bulkley	PROPN
cjfa-33342	548	4	,	,	PUNCT
cjfa-33342	548	5	g.	g.	PROPN
cjfa-33342	548	6	,	,	PUNCT
cjfa-33342	548	7	harris	harris	PROPN
cjfa-33342	548	8	r.d	r.d	PROPN
cjfa-33342	548	9	.	.	PROPN
cjfa-33342	548	10	,	,	PUNCT
cjfa-33342	548	11	&	&	CCONJ
cjfa-33342	548	12	nawosah	nawosah	PROPN
cjfa-33342	548	13	,	,	PUNCT
cjfa-33342	548	14	v.	v.	PROPN
cjfa-33342	548	15	(	(	PUNCT
cjfa-33342	548	16	2013	2013	NUM
cjfa-33342	548	17	)	)	PUNCT
cjfa-33342	548	18	.	.	PUNCT
cjfa-33342	549	1	overconfidence	overconfidence	NOUN
cjfa-33342	549	2	and	and	CCONJ
cjfa-33342	549	3	the	the	DET
cjfa-33342	549	4	rational	rational	ADJ
cjfa-33342	549	5	expectations	expectation	NOUN
cjfa-33342	549	6	model	model	NOUN
cjfa-33342	549	7	of	of	ADP
cjfa-33342	549	8	the	the	DET
cjfa-33342	549	9	term	term	NOUN
cjfa-33342	549	10	structure	structure	NOUN
cjfa-33342	549	11	of	of	ADP
cjfa-33342	549	12	interest	interest	NOUN
cjfa-33342	549	13	rates	rate	NOUN
cjfa-33342	549	14	.	.	PUNCT
cjfa-33342	550	1	xfi	xfi	PROPN
cjfa-33342	550	2	centre	centre	PROPN
cjfa-33342	550	3	for	for	ADP
cjfa-33342	550	4	finance	finance	NOUN
cjfa-33342	550	5	and	and	CCONJ
cjfa-33342	550	6	investment	investment	NOUN
cjfa-33342	550	7	working	working	NOUN
cjfa-33342	550	8	paper	paper	NOUN
cjfa-33342	550	9	,	,	PUNCT
cjfa-33342	550	10	n	n	CCONJ
cjfa-33342	550	11	°	°	NOUN
cjfa-33342	550	12	11/03	11/03	NUM
cjfa-33342	550	13	.	.	PUNCT
cjfa-33342	551	1	http://dx.doi.org/10.2139/ssrn.2320154	http://dx.doi.org/10.2139/ssrn.2320154	X
cjfa-33342	551	2	.	.	PUNCT
cjfa-33342	552	1	bulkley	bulkley	PROPN
cjfa-33342	552	2	,	,	PUNCT
cjfa-33342	552	3	g.	g.	PROPN
cjfa-33342	552	4	,	,	PUNCT
cjfa-33342	552	5	harris	harris	PROPN
cjfa-33342	552	6	,	,	PUNCT
cjfa-33342	552	7	r.d	r.d	PROPN
cjfa-33342	552	8	.	.	PROPN
cjfa-33342	552	9	,	,	PUNCT
cjfa-33342	552	10	&	&	CCONJ
cjfa-33342	552	11	nawosah	nawosah	PROPN
cjfa-33342	552	12	,	,	PUNCT
cjfa-33342	552	13	v.	v.	PROPN
cjfa-33342	552	14	(	(	PUNCT
cjfa-33342	552	15	2015	2015	NUM
cjfa-33342	552	16	)	)	PUNCT
cjfa-33342	552	17	.	.	PUNCT
cjfa-33342	553	1	can	can	AUX
cjfa-33342	553	2	behavioural	behavioural	ADJ
cjfa-33342	553	3	biases	bias	NOUN
cjfa-33342	553	4	explain	explain	VERB
cjfa-33342	553	5	the	the	DET
cjfa-33342	553	6	rejections	rejection	NOUN
cjfa-33342	553	7	of	of	ADP
cjfa-33342	553	8	the	the	DET
cjfa-33342	553	9	expectation	expectation	NOUN
cjfa-33342	553	10	hypothesis	hypothesis	NOUN
cjfa-33342	553	11	of	of	ADP
cjfa-33342	553	12	the	the	DET
cjfa-33342	553	13	term	term	NOUN
cjfa-33342	553	14	structure	structure	NOUN
cjfa-33342	553	15	of	of	ADP
cjfa-33342	553	16	interest	interest	NOUN
cjfa-33342	553	17	rates	rate	NOUN
cjfa-33342	553	18	?	?	PUNCT
cjfa-33342	554	1	journal	journal	NOUN
cjfa-33342	554	2	of	of	ADP
cjfa-33342	554	3	banking	banking	NOUN
cjfa-33342	554	4	and	and	CCONJ
cjfa-33342	554	5	finance	finance	NOUN
cjfa-33342	554	6	,	,	PUNCT
cjfa-33342	554	7	58	58	NUM
cjfa-33342	554	8	,	,	PUNCT
cjfa-33342	554	9	179	179	NUM
cjfa-33342	554	10	-	-	SYM
cjfa-33342	554	11	193	193	NUM
cjfa-33342	554	12	.	.	PUNCT
cjfa-33342	555	1	http://dx.doi.org/10.1016/j.jbankfin.2015.03.018	http://dx.doi.org/10.1016/j.jbankfin.2015.03.018	NOUN
cjfa-33342	555	2	.	.	PUNCT
cjfa-33342	556	1	campbell	campbell	PROPN
cjfa-33342	556	2	,	,	PUNCT
cjfa-33342	556	3	j.y	j.y	PROPN
cjfa-33342	556	4	.	.	PROPN
cjfa-33342	556	5	,	,	PUNCT
cjfa-33342	556	6	&	&	CCONJ
cjfa-33342	556	7	shiller	shiller	PROPN
cjfa-33342	556	8	,	,	PUNCT
cjfa-33342	556	9	r.	r.	PROPN
cjfa-33342	556	10	(	(	PUNCT
cjfa-33342	556	11	1991	1991	NUM
cjfa-33342	556	12	)	)	PUNCT
cjfa-33342	556	13	.	.	PUNCT
cjfa-33342	557	1	yield	yield	VERB
cjfa-33342	557	2	spreads	spread	NOUN
cjfa-33342	557	3	and	and	CCONJ
cjfa-33342	557	4	interest	interest	NOUN
cjfa-33342	557	5	rate	rate	NOUN
cjfa-33342	557	6	movements	movement	NOUN
cjfa-33342	557	7	:	:	PUNCT
cjfa-33342	557	8	a	a	DET
cjfa-33342	557	9	bird	bird	NOUN
cjfa-33342	557	10	’s	’s	PART
cjfa-33342	557	11	eye	eye	NOUN
cjfa-33342	557	12	view	view	NOUN
cjfa-33342	557	13	.	.	PUNCT
cjfa-33342	558	1	review	review	NOUN
cjfa-33342	558	2	of	of	ADP
cjfa-33342	558	3	economic	economic	ADJ
cjfa-33342	558	4	studies	study	NOUN
cjfa-33342	558	5	,	,	PUNCT
cjfa-33342	558	6	58(3	58(3	NUM
cjfa-33342	558	7	)	)	PUNCT
cjfa-33342	558	8	,	,	PUNCT
cjfa-33342	558	9	495	495	NUM
cjfa-33342	558	10	-	-	SYM
cjfa-33342	558	11	514	514	NUM
cjfa-33342	558	12	.	.	PUNCT
cjfa-33342	559	1	http://dx.doi	http://dx.doi	NOUN
cjfa-33342	559	2	.	.	PUNCT
cjfa-33342	560	1	org/10.2307/2298008	org/10.2307/2298008	NOUN
cjfa-33342	560	2	.	.	PUNCT
cjfa-33342	561	1	fama	fama	PROPN
cjfa-33342	561	2	,	,	PUNCT
cjfa-33342	561	3	e.	e.	PROPN
cjfa-33342	561	4	(	(	PUNCT
cjfa-33342	561	5	1984	1984	NUM
cjfa-33342	561	6	)	)	PUNCT
cjfa-33342	561	7	.	.	PUNCT
cjfa-33342	562	1	term	term	NOUN
cjfa-33342	562	2	primium	primium	NOUN
cjfa-33342	562	3	in	in	ADP
cjfa-33342	562	4	bond	bond	NOUN
cjfa-33342	562	5	returns	return	NOUN
cjfa-33342	562	6	.	.	PUNCT
cjfa-33342	563	1	the	the	DET
cjfa-33342	563	2	journal	journal	NOUN
cjfa-33342	563	3	of	of	ADP
cjfa-33342	563	4	financial	financial	ADJ
cjfa-33342	563	5	economics	economic	NOUN
cjfa-33342	563	6	,	,	PUNCT
cjfa-33342	563	7	13(4	13(4	NUM
cjfa-33342	563	8	)	)	PUNCT
cjfa-33342	563	9	,	,	PUNCT
cjfa-33342	563	10	529	529	NUM
cjfa-33342	563	11	-	-	SYM
cjfa-33342	563	12	546	546	NUM
cjfa-33342	563	13	.	.	PUNCT
cjfa-33342	564	1	fama	fama	PROPN
cjfa-33342	564	2	,	,	PUNCT
cjfa-33342	564	3	e.	e.	PROPN
cjfa-33342	564	4	,	,	PUNCT
cjfa-33342	564	5	&	&	CCONJ
cjfa-33342	564	6	bliss	bliss	PROPN
cjfa-33342	564	7	,	,	PUNCT
cjfa-33342	564	8	r.t	r.t	PROPN
cjfa-33342	564	9	.	.	PROPN
cjfa-33342	564	10	(	(	PUNCT
cjfa-33342	564	11	1987	1987	NUM
cjfa-33342	564	12	)	)	PUNCT
cjfa-33342	564	13	.	.	PUNCT
cjfa-33342	565	1	the	the	DET
cjfa-33342	565	2	information	information	NOUN
cjfa-33342	565	3	in	in	ADP
cjfa-33342	565	4	long	long	ADJ
cjfa-33342	565	5	-	-	PUNCT
cjfa-33342	565	6	maturity	maturity	NOUN
cjfa-33342	565	7	forward	forward	ADJ
cjfa-33342	565	8	rates	rate	NOUN
cjfa-33342	565	9	.	.	PUNCT
cjfa-33342	566	1	the	the	DET
cjfa-33342	566	2	american	american	PROPN
cjfa-33342	566	3	economic	economic	PROPN
cjfa-33342	566	4	review	review	PROPN
cjfa-33342	566	5	,	,	PUNCT
cjfa-33342	566	6	77(4	77(4	NUM
cjfa-33342	566	7	)	)	PUNCT
cjfa-33342	566	8	,	,	PUNCT
cjfa-33342	566	9	680	680	NUM
cjfa-33342	566	10	-	-	SYM
cjfa-33342	566	11	692	692	NUM
cjfa-33342	566	12	.	.	PUNCT
cjfa-33342	567	1	fisher	fisher	PROPN
cjfa-33342	567	2	,	,	PUNCT
cjfa-33342	567	3	i.	i.	PROPN
cjfa-33342	567	4	(	(	PUNCT
cjfa-33342	567	5	1896	1896	NUM
cjfa-33342	567	6	)	)	PUNCT
cjfa-33342	567	7	.	.	PUNCT
cjfa-33342	568	1	appreciation	appreciation	NOUN
cjfa-33342	568	2	and	and	CCONJ
cjfa-33342	568	3	interest	interest	NOUN
cjfa-33342	568	4	.	.	PUNCT
cjfa-33342	569	1	nashville	nashville	PROPN
cjfa-33342	569	2	:	:	PUNCT
cjfa-33342	570	1	american	american	PROPN
cjfa-33342	570	2	economic	economic	PROPN
cjfa-33342	570	3	association	association	PROPN
cjfa-33342	570	4	.	.	PUNCT
cjfa-33342	571	1	froot	froot	PROPN
cjfa-33342	571	2	,	,	PUNCT
cjfa-33342	571	3	k.a	k.a	PROPN
cjfa-33342	571	4	.	.	PROPN
cjfa-33342	571	5	(	(	PUNCT
cjfa-33342	571	6	1987	1987	NUM
cjfa-33342	571	7	)	)	PUNCT
cjfa-33342	571	8	.	.	PUNCT
cjfa-33342	572	1	new	new	ADJ
cjfa-33342	572	2	hope	hope	NOUN
cjfa-33342	572	3	for	for	ADP
cjfa-33342	572	4	the	the	DET
cjfa-33342	572	5	expectation	expectation	NOUN
cjfa-33342	572	6	hypothesis	hypothesis	NOUN
cjfa-33342	572	7	of	of	ADP
cjfa-33342	572	8	the	the	DET
cjfa-33342	572	9	term	term	NOUN
cjfa-33342	572	10	structure	structure	NOUN
cjfa-33342	572	11	of	of	ADP
cjfa-33342	572	12	interest	interest	NOUN
cjfa-33342	572	13	rates	rate	NOUN
cjfa-33342	572	14	(	(	PUNCT
cjfa-33342	572	15	working	work	VERB
cjfa-33342	572	16	paper	paper	NOUN
cjfa-33342	572	17	n	n	CCONJ
cjfa-33342	572	18	°	°	NOUN
cjfa-33342	572	19	2363	2363	NUM
cjfa-33342	572	20	)	)	PUNCT
cjfa-33342	572	21	.	.	PUNCT
cjfa-33342	573	1	new	new	PROPN
cjfa-33342	573	2	york	york	PROPN
cjfa-33342	573	3	:	:	PUNCT
cjfa-33342	573	4	national	national	PROPN
cjfa-33342	573	5	bureau	bureau	PROPN
cjfa-33342	573	6	of	of	ADP
cjfa-33342	573	7	economics	economics	PROPN
cjfa-33342	573	8	researches	research	VERB
cjfa-33342	573	9	.	.	PUNCT
cjfa-33342	574	1	http://dx.doi.org/10.3386/w2363	http://dx.doi.org/10.3386/w2363	NOUN
cjfa-33342	574	2	.	.	PUNCT
cjfa-33342	575	1	gerlach	gerlach	PROPN
cjfa-33342	575	2	,	,	PUNCT
cjfa-33342	575	3	s.	s.	PROPN
cjfa-33342	575	4	(	(	PUNCT
cjfa-33342	575	5	2003	2003	NUM
cjfa-33342	575	6	)	)	PUNCT
cjfa-33342	575	7	.	.	PUNCT
cjfa-33342	576	1	interpreting	interpret	VERB
cjfa-33342	576	2	the	the	DET
cjfa-33342	576	3	term	term	NOUN
cjfa-33342	576	4	structure	structure	NOUN
cjfa-33342	576	5	of	of	ADP
cjfa-33342	576	6	interbank	interbank	NOUN
cjfa-33342	576	7	rates	rate	NOUN
cjfa-33342	576	8	in	in	ADP
cjfa-33342	576	9	hong	hong	PROPN
cjfa-33342	576	10	kong	kong	PROPN
cjfa-33342	576	11	.	.	PUNCT
cjfa-33342	577	1	pacific	pacific	ADJ
cjfa-33342	577	2	-	-	PUNCT
cjfa-33342	577	3	bassin	bassin	NOUN
cjfa-33342	577	4	financial	financial	ADJ
cjfa-33342	577	5	journal	journal	NOUN
cjfa-33342	577	6	,	,	PUNCT
cjfa-33342	577	7	11(5	11(5	NUM
cjfa-33342	577	8	)	)	PUNCT
cjfa-33342	577	9	,	,	PUNCT
cjfa-33342	577	10	593	593	NUM
cjfa-33342	577	11	-	-	SYM
cjfa-33342	577	12	609	609	NUM
cjfa-33342	577	13	.	.	PUNCT
cjfa-33342	578	1	http://dx.doi.org/10.1016/s0927538x(03)00014-3	http://dx.doi.org/10.1016/s0927538x(03)00014-3	PROPN
cjfa-33342	578	2	.	.	PUNCT
cjfa-33342	579	1	guidolin	guidolin	NOUN
cjfa-33342	579	2	,	,	PUNCT
cjfa-33342	579	3	m.	m.	NOUN
cjfa-33342	579	4	,	,	PUNCT
cjfa-33342	579	5	&	&	CCONJ
cjfa-33342	579	6	thornton	thornton	PROPN
cjfa-33342	579	7	,	,	PUNCT
cjfa-33342	579	8	d.l	d.l	PROPN
cjfa-33342	579	9	.	.	PROPN
cjfa-33342	579	10	(	(	PUNCT
cjfa-33342	579	11	2008	2008	NUM
cjfa-33342	579	12	)	)	PUNCT
cjfa-33342	579	13	.	.	PUNCT
cjfa-33342	580	1	prediction	prediction	NOUN
cjfa-33342	580	2	of	of	ADP
cjfa-33342	580	3	the	the	DET
cjfa-33342	580	4	short	short	ADJ
cjfa-33342	580	5	-	-	PUNCT
cjfa-33342	580	6	term	term	NOUN
cjfa-33342	580	7	rates	rate	NOUN
cjfa-33342	580	8	and	and	CCONJ
cjfa-33342	580	9	the	the	DET
cjfa-33342	580	10	expectation	expectation	NOUN
cjfa-33342	580	11	hypothesis	hypothesis	NOUN
cjfa-33342	580	12	of	of	ADP
cjfa-33342	580	13	the	the	DET
cjfa-33342	580	14	term	term	NOUN
cjfa-33342	580	15	structure	structure	NOUN
cjfa-33342	580	16	of	of	ADP
cjfa-33342	580	17	interest	interest	NOUN
cjfa-33342	580	18	rates	rate	NOUN
cjfa-33342	580	19	.	.	PUNCT
cjfa-33342	581	1	european	european	PROPN
cjfa-33342	581	2	central	central	PROPN
cjfa-33342	581	3	bank	bank	PROPN
cjfa-33342	581	4	working	working	PROPN
cjfa-33342	581	5	paper	paper	NOUN
cjfa-33342	581	6	,	,	PUNCT
cjfa-33342	581	7	n	n	CCONJ
cjfa-33342	581	8	°	°	PROPN
cjfa-33342	581	9	977	977	NUM
cjfa-33342	581	10	.	.	PUNCT
cjfa-33342	582	1	hardouvelis	hardouvelis	PROPN
cjfa-33342	582	2	,	,	PUNCT
cjfa-33342	582	3	g.a	g.a	PROPN
cjfa-33342	582	4	.	.	PROPN
cjfa-33342	582	5	(	(	PUNCT
cjfa-33342	582	6	1994	1994	NUM
cjfa-33342	582	7	)	)	PUNCT
cjfa-33342	582	8	.	.	PUNCT
cjfa-33342	583	1	the	the	DET
cjfa-33342	583	2	term	term	NOUN
cjfa-33342	583	3	structure	structure	NOUN
cjfa-33342	583	4	spread	spread	VERB
cjfa-33342	583	5	and	and	CCONJ
cjfa-33342	583	6	future	future	ADJ
cjfa-33342	583	7	changes	change	NOUN
cjfa-33342	583	8	in	in	ADP
cjfa-33342	583	9	long	long	ADJ
cjfa-33342	583	10	and	and	CCONJ
cjfa-33342	583	11	shortrates	shortrate	NOUN
cjfa-33342	583	12	in	in	ADP
cjfa-33342	583	13	the	the	DET
cjfa-33342	583	14	g7	g7	PROPN
cjfa-33342	583	15	countries	countries	PROPN
cjfa-33342	583	16	.	.	PUNCT
cjfa-33342	584	1	journal	journal	PROPN
cjfa-33342	584	2	of	of	ADP
cjfa-33342	584	3	monetary	monetary	ADJ
cjfa-33342	584	4	economics	economic	NOUN
cjfa-33342	584	5	,	,	PUNCT
cjfa-33342	584	6	33(2	33(2	NUM
cjfa-33342	584	7	)	)	PUNCT
cjfa-33342	584	8	,	,	PUNCT
cjfa-33342	584	9	255	255	NUM
cjfa-33342	584	10	-	-	SYM
cjfa-33342	584	11	283	283	NUM
cjfa-33342	584	12	.	.	PUNCT
cjfa-33342	585	1	http://dx.doi.org/10.1016/0304-3932(94)90003-5	http://dx.doi.org/10.1016/0304-3932(94)90003-5	PROPN
cjfa-33342	585	2	.	.	PUNCT
cjfa-33342	586	1	hicks	hicks	PROPN
cjfa-33342	586	2	,	,	PUNCT
cjfa-33342	586	3	j.r	j.r	PROPN
cjfa-33342	586	4	.	.	PROPN
cjfa-33342	586	5	(	(	PUNCT
cjfa-33342	586	6	1939	1939	NUM
cjfa-33342	586	7	)	)	PUNCT
cjfa-33342	586	8	.	.	PUNCT
cjfa-33342	587	1	value	value	NOUN
cjfa-33342	587	2	and	and	CCONJ
cjfa-33342	587	3	capital	capital	NOUN
cjfa-33342	587	4	(	(	PUNCT
cjfa-33342	587	5	2nd	2nd	ADJ
cjfa-33342	587	6	ed	ed	NOUN
cjfa-33342	587	7	.	.	PUNCT
cjfa-33342	587	8	)	)	PUNCT
cjfa-33342	587	9	.	.	PUNCT
cjfa-33342	588	1	london	london	PROPN
cjfa-33342	588	2	:	:	PUNCT
cjfa-33342	588	3	oxford	oxford	NOUN
cjfa-33342	588	4	at	at	ADP
cjfa-33342	588	5	the	the	DET
cjfa-33342	588	6	clarendon	clarendon	PROPN
cjfa-33342	588	7	press	press	NOUN
cjfa-33342	588	8	.	.	PUNCT
cjfa-33342	589	1	jondeau	jondeau	PROPN
cjfa-33342	589	2	,	,	PUNCT
cjfa-33342	589	3	e.	e.	PROPN
cjfa-33342	589	4	,	,	PUNCT
cjfa-33342	589	5	&	&	CCONJ
cjfa-33342	589	6	ricart	ricart	PROPN
cjfa-33342	589	7	,	,	PUNCT
cjfa-33342	589	8	r.	r.	PROPN
cjfa-33342	589	9	(	(	PUNCT
cjfa-33342	589	10	1999	1999	NUM
cjfa-33342	589	11	)	)	PUNCT
cjfa-33342	589	12	.	.	PUNCT
cjfa-33342	590	1	the	the	DET
cjfa-33342	590	2	expectation	expectation	NOUN
cjfa-33342	590	3	hypothesis	hypothesis	NOUN
cjfa-33342	590	4	of	of	ADP
cjfa-33342	590	5	the	the	DET
cjfa-33342	590	6	term	term	NOUN
cjfa-33342	590	7	structure	structure	NOUN
cjfa-33342	590	8	:	:	PUNCT
cjfa-33342	590	9	test	test	NOUN
cjfa-33342	590	10	of	of	ADP
cjfa-33342	590	11	us	we	PRON
cjfa-33342	590	12	,	,	PUNCT
cjfa-33342	590	13	german	german	ADJ
cjfa-33342	590	14	,	,	PUNCT
cjfa-33342	590	15	french	french	ADJ
cjfa-33342	590	16	and	and	CCONJ
cjfa-33342	590	17	uk	uk	PROPN
cjfa-33342	590	18	euro	euro	NOUN
cjfa-33342	590	19	-	-	PUNCT
cjfa-33342	590	20	rates	rate	NOUN
cjfa-33342	590	21	.	.	PUNCT
cjfa-33342	591	1	journal	journal	NOUN
cjfa-33342	591	2	of	of	ADP
cjfa-33342	591	3	international	international	ADJ
cjfa-33342	591	4	money	money	NOUN
cjfa-33342	591	5	and	and	CCONJ
cjfa-33342	591	6	finance	finance	NOUN
cjfa-33342	591	7	,	,	PUNCT
cjfa-33342	591	8	18	18	NUM
cjfa-33342	591	9	,	,	PUNCT
cjfa-33342	591	10	725	725	NUM
cjfa-33342	591	11	-	-	SYM
cjfa-33342	591	12	750	750	NUM
cjfa-33342	591	13	.	.	PUNCT
cjfa-33342	592	1	http://dx.doi.org/10.1016/s0261-5606(99)00029-7	http://dx.doi.org/10.1016/s0261-5606(99)00029-7	PROPN
cjfa-33342	592	2	.	.	PUNCT
cjfa-33342	593	1	kao	kao	PROPN
cjfa-33342	593	2	,	,	PUNCT
cjfa-33342	593	3	c.	c.	PROPN
cjfa-33342	593	4	,	,	PUNCT
cjfa-33342	593	5	&	&	CCONJ
cjfa-33342	593	6	chiang	chiang	PROPN
cjfa-33342	593	7	,	,	PUNCT
cjfa-33342	593	8	m.h	m.h	PROPN
cjfa-33342	593	9	.	.	PROPN
cjfa-33342	593	10	(	(	PUNCT
cjfa-33342	593	11	2000	2000	NUM
cjfa-33342	593	12	)	)	PUNCT
cjfa-33342	593	13	.	.	PUNCT
cjfa-33342	594	1	on	on	ADP
cjfa-33342	594	2	the	the	DET
cjfa-33342	594	3	estimation	estimation	NOUN
cjfa-33342	594	4	and	and	CCONJ
cjfa-33342	594	5	inference	inference	NOUN
cjfa-33342	594	6	of	of	ADP
cjfa-33342	594	7	a	a	DET
cjfa-33342	594	8	cointegrated	cointegrate	VERB
cjfa-33342	594	9	regression	regression	NOUN
cjfa-33342	594	10	in	in	ADP
cjfa-33342	594	11	panel	panel	NOUN
cjfa-33342	594	12	data	datum	NOUN
cjfa-33342	594	13	.	.	PUNCT
cjfa-33342	595	1	in	in	ADP
cjfa-33342	595	2	b.	b.	PROPN
cjfa-33342	595	3	baltagi	baltagi	PROPN
cjfa-33342	595	4	(	(	PUNCT
cjfa-33342	595	5	ed	ed	NOUN
cjfa-33342	595	6	.	.	PUNCT
cjfa-33342	595	7	)	)	PUNCT
cjfa-33342	595	8	.	.	PUNCT
cjfa-33342	596	1	nonstationary	nonstationary	ADJ
cjfa-33342	596	2	panels	panel	NOUN
cjfa-33342	596	3	,	,	PUNCT
cjfa-33342	596	4	panel	panel	NOUN
cjfa-33342	596	5	cointegra	cointegra	VERB
cjfa-33342	596	6	interest	interest	NOUN
cjfa-33342	596	7	rate	rate	NOUN
cjfa-33342	596	8	predictability	predictability	NOUN
cjfa-33342	596	9	in	in	ADP
cjfa-33342	596	10	some	some	DET
cjfa-33342	596	11	selected	select	VERB
cjfa-33342	596	12	african	african	ADJ
cjfa-33342	596	13	countries	country	NOUN
cjfa-33342	596	14	59	59	NUM
cjfa-33342	596	15	tion	tion	NOUN
cjfa-33342	596	16	,	,	PUNCT
cjfa-33342	596	17	and	and	CCONJ
cjfa-33342	596	18	dynamic	dynamic	ADJ
cjfa-33342	596	19	panels	panel	NOUN
cjfa-33342	596	20	(	(	PUNCT
cjfa-33342	596	21	advances	advance	NOUN
cjfa-33342	596	22	in	in	ADP
cjfa-33342	596	23	econometrics	econometric	NOUN
cjfa-33342	596	24	)	)	PUNCT
cjfa-33342	596	25	.	.	PUNCT
cjfa-33342	597	1	amsterdam	amsterdam	PROPN
cjfa-33342	597	2	:	:	PUNCT
cjfa-33342	597	3	jai	jai	PROPN
cjfa-33342	597	4	press	press	PROPN
cjfa-33342	597	5	.	.	PUNCT
cjfa-33342	598	1	http://	http://	PROPN
cjfa-33342	598	2	dx.doi.org/10.1016/s0731-9053(00)15007-8	dx.doi.org/10.1016/s0731-9053(00)15007-8	PROPN
cjfa-33342	598	3	.	.	PUNCT
cjfa-33342	599	1	longstaff	longstaff	PROPN
cjfa-33342	599	2	,	,	PUNCT
cjfa-33342	599	3	f.a	f.a	PROPN
cjfa-33342	599	4	.	.	PROPN
cjfa-33342	599	5	(	(	PUNCT
cjfa-33342	599	6	2000	2000	NUM
cjfa-33342	599	7	)	)	PUNCT
cjfa-33342	599	8	.	.	PUNCT
cjfa-33342	600	1	the	the	DET
cjfa-33342	600	2	term	term	NOUN
cjfa-33342	600	3	structure	structure	NOUN
cjfa-33342	600	4	of	of	ADP
cjfa-33342	600	5	very	very	ADV
cjfa-33342	600	6	short	short	ADJ
cjfa-33342	600	7	-	-	PUNCT
cjfa-33342	600	8	term	term	NOUN
cjfa-33342	600	9	rates	rate	NOUN
cjfa-33342	600	10	:	:	PUNCT
cjfa-33342	600	11	a	a	DET
cjfa-33342	600	12	new	new	ADJ
cjfa-33342	600	13	evidence	evidence	NOUN
cjfa-33342	600	14	for	for	ADP
cjfa-33342	600	15	expectation	expectation	NOUN
cjfa-33342	600	16	hypothesis	hypothesis	NOUN
cjfa-33342	600	17	.	.	PUNCT
cjfa-33342	601	1	journal	journal	PROPN
cjfa-33342	601	2	of	of	ADP
cjfa-33342	601	3	financial	financial	ADJ
cjfa-33342	601	4	economics	economic	NOUN
cjfa-33342	601	5	,	,	PUNCT
cjfa-33342	601	6	58(3	58(3	NUM
cjfa-33342	601	7	)	)	PUNCT
cjfa-33342	601	8	,	,	PUNCT
cjfa-33342	601	9	397	397	NUM
cjfa-33342	601	10	-	-	SYM
cjfa-33342	601	11	415	415	NUM
cjfa-33342	601	12	.	.	PUNCT
cjfa-33342	602	1	http://	http://	PROPN
cjfa-33342	602	2	dx.doi.org/10.1016/s0304-405x(00)00077-5	dx.doi.org/10.1016/s0304-405x(00)00077-5	PROPN
cjfa-33342	602	3	.	.	PUNCT
cjfa-33342	603	1	lutz	lutz	PROPN
cjfa-33342	603	2	,	,	PUNCT
cjfa-33342	603	3	f.a	f.a	PROPN
cjfa-33342	603	4	.	.	PROPN
cjfa-33342	603	5	(	(	PUNCT
cjfa-33342	603	6	1940	1940	NUM
cjfa-33342	603	7	)	)	PUNCT
cjfa-33342	603	8	.	.	PUNCT
cjfa-33342	604	1	the	the	DET
cjfa-33342	604	2	structure	structure	NOUN
cjfa-33342	604	3	of	of	ADP
cjfa-33342	604	4	interest	interest	NOUN
cjfa-33342	604	5	rates	rate	NOUN
cjfa-33342	604	6	.	.	PUNCT
cjfa-33342	605	1	quarterly	quarterly	ADJ
cjfa-33342	605	2	journal	journal	NOUN
cjfa-33342	605	3	of	of	ADP
cjfa-33342	605	4	economic	economic	ADJ
cjfa-33342	605	5	,	,	PUNCT
cjfa-33342	605	6	55(1	55(1	NOUN
cjfa-33342	605	7	)	)	PUNCT
cjfa-33342	605	8	,	,	PUNCT
cjfa-33342	605	9	36	36	NUM
cjfa-33342	605	10	-	-	SYM
cjfa-33342	605	11	63	63	NUM
cjfa-33342	605	12	.	.	PUNCT
cjfa-33342	605	13	http://dx.doi.org/10.2307/1881665	http://dx.doi.org/10.2307/1881665	NOUN
cjfa-33342	605	14	.	.	PUNCT
cjfa-33342	606	1	mankiw	mankiw	PROPN
cjfa-33342	606	2	,	,	PUNCT
cjfa-33342	606	3	n.g	n.g	PROPN
cjfa-33342	606	4	.	.	PROPN
cjfa-33342	606	5	,	,	PUNCT
cjfa-33342	606	6	&	&	CCONJ
cjfa-33342	606	7	miron	miron	PROPN
cjfa-33342	606	8	,	,	PUNCT
cjfa-33342	606	9	j.a	j.a	PROPN
cjfa-33342	606	10	.	.	PROPN
cjfa-33342	606	11	(	(	PUNCT
cjfa-33342	606	12	1986	1986	NUM
cjfa-33342	606	13	)	)	PUNCT
cjfa-33342	606	14	.	.	PUNCT
cjfa-33342	607	1	the	the	DET
cjfa-33342	607	2	changing	change	VERB
cjfa-33342	607	3	behaviour	behaviour	NOUN
cjfa-33342	607	4	of	of	ADP
cjfa-33342	607	5	the	the	DET
cjfa-33342	607	6	term	term	NOUN
cjfa-33342	607	7	structure	structure	NOUN
cjfa-33342	607	8	of	of	ADP
cjfa-33342	607	9	interest	interest	NOUN
cjfa-33342	607	10	rates	rate	NOUN
cjfa-33342	607	11	.	.	PUNCT
cjfa-33342	608	1	quaterly	quaterly	ADV
cjfa-33342	608	2	journal	journal	NOUN
cjfa-33342	608	3	of	of	ADP
cjfa-33342	608	4	economics	economic	NOUN
cjfa-33342	608	5	,	,	PUNCT
cjfa-33342	608	6	101(2	101(2	NUM
cjfa-33342	608	7	)	)	PUNCT
cjfa-33342	608	8	,	,	PUNCT
cjfa-33342	608	9	221	221	NUM
cjfa-33342	608	10	-	-	SYM
cjfa-33342	608	11	228	228	NUM
cjfa-33342	608	12	.	.	PUNCT
cjfa-33342	609	1	http://dx.doi	http://dx.doi	NOUN
cjfa-33342	609	2	.	.	PUNCT
cjfa-33342	610	1	org/10.2307/1891113	org/10.2307/1891113	PROPN
cjfa-33342	610	2	.	.	PROPN
cjfa-33342	611	1	masih	masih	PROPN
cjfa-33342	611	2	,	,	PUNCT
cjfa-33342	611	3	a.m.m	a.m.m	NOUN
cjfa-33342	611	4	.	.	PROPN
cjfa-33342	611	5	,	,	PUNCT
cjfa-33342	611	6	&	&	CCONJ
cjfa-33342	611	7	masih	masih	PROPN
cjfa-33342	611	8	,	,	PUNCT
cjfa-33342	611	9	r.	r.	PROPN
cjfa-33342	611	10	(	(	PUNCT
cjfa-33342	611	11	1996	1996	NUM
cjfa-33342	611	12	)	)	PUNCT
cjfa-33342	611	13	.	.	PUNCT
cjfa-33342	612	1	energy	energy	NOUN
cjfa-33342	612	2	consumption	consumption	NOUN
cjfa-33342	612	3	,	,	PUNCT
cjfa-33342	612	4	real	real	ADJ
cjfa-33342	612	5	income	income	NOUN
cjfa-33342	612	6	and	and	CCONJ
cjfa-33342	612	7	temporal	temporal	ADJ
cjfa-33342	612	8	causality	causality	NOUN
cjfa-33342	612	9	:	:	PUNCT
cjfa-33342	612	10	results	result	VERB
cjfa-33342	612	11	from	from	ADP
cjfa-33342	612	12	a	a	DET
cjfa-33342	612	13	multi	multi	ADJ
cjfa-33342	612	14	-	-	ADJ
cjfa-33342	612	15	country	country	ADJ
cjfa-33342	612	16	study	study	NOUN
cjfa-33342	612	17	based	base	VERB
cjfa-33342	612	18	on	on	ADP
cjfa-33342	612	19	cointegration	cointegration	NOUN
cjfa-33342	612	20	and	and	CCONJ
cjfa-33342	612	21	errorcorrection	errorcorrection	NOUN
cjfa-33342	612	22	modeling	modeling	NOUN
cjfa-33342	612	23	techniques	technique	NOUN
cjfa-33342	612	24	.	.	PUNCT
cjfa-33342	613	1	energy	energy	NOUN
cjfa-33342	613	2	economics	economic	NOUN
cjfa-33342	613	3	,	,	PUNCT
cjfa-33342	613	4	18(4	18(4	NUM
cjfa-33342	613	5	)	)	PUNCT
cjfa-33342	613	6	,	,	PUNCT
cjfa-33342	613	7	315	315	NUM
cjfa-33342	613	8	-	-	SYM
cjfa-33342	613	9	334	334	NUM
cjfa-33342	613	10	.	.	PUNCT
cjfa-33342	613	11	http://dx.doi	http://dx.doi	NOUN
cjfa-33342	613	12	.	.	PUNCT
cjfa-33342	614	1	org/10.1016	org/10.1016	PROPN
cjfa-33342	614	2	/	/	SYM
cjfa-33342	614	3	s0140	s0140	PROPN
cjfa-33342	614	4	-	-	PUNCT
cjfa-33342	614	5	9883(96)00016	9883(96)00016	NUM
cjfa-33342	614	6	-	-	PUNCT
cjfa-33342	614	7	3	3	NUM
cjfa-33342	614	8	.	.	PUNCT
cjfa-33342	614	9	meiselman	meiselman	NOUN
cjfa-33342	614	10	,	,	PUNCT
cjfa-33342	614	11	d.	d.	PROPN
cjfa-33342	614	12	(	(	PUNCT
cjfa-33342	614	13	1962	1962	NUM
cjfa-33342	614	14	)	)	PUNCT
cjfa-33342	614	15	.	.	PUNCT
cjfa-33342	615	1	the	the	DET
cjfa-33342	615	2	term	term	NOUN
cjfa-33342	615	3	structure	structure	NOUN
cjfa-33342	615	4	of	of	ADP
cjfa-33342	615	5	interest	interest	NOUN
cjfa-33342	615	6	rates	rate	NOUN
cjfa-33342	615	7	.	.	PUNCT
cjfa-33342	616	1	englewood	englewood	PROPN
cjfa-33342	616	2	cliffs	cliffs	PROPN
cjfa-33342	616	3	(	(	PUNCT
cjfa-33342	616	4	new	new	PROPN
cjfa-33342	616	5	jersey	jersey	PROPN
cjfa-33342	616	6	):	):	PUNCT
cjfa-33342	616	7	prentice	prentice	PROPN
cjfa-33342	616	8	hall	hall	PROPN
cjfa-33342	616	9	.	.	PUNCT
cjfa-33342	617	1	mishkin	mishkin	PROPN
cjfa-33342	617	2	,	,	PUNCT
cjfa-33342	617	3	f.	f.	PROPN
cjfa-33342	617	4	(	(	PUNCT
cjfa-33342	617	5	2010	2010	NUM
cjfa-33342	617	6	)	)	PUNCT
cjfa-33342	617	7	.	.	PUNCT
cjfa-33342	618	1	the	the	DET
cjfa-33342	618	2	economics	economic	NOUN
cjfa-33342	618	3	of	of	ADP
cjfa-33342	618	4	money	money	NOUN
cjfa-33342	618	5	,	,	PUNCT
cjfa-33342	618	6	banking	banking	NOUN
cjfa-33342	618	7	and	and	CCONJ
cjfa-33342	618	8	financial	financial	ADJ
cjfa-33342	618	9	market	market	NOUN
cjfa-33342	618	10	.	.	PUNCT
cjfa-33342	619	1	9th	9th	ADJ
cjfa-33342	619	2	ed	ed	NOUN
cjfa-33342	619	3	.	.	PUNCT
cjfa-33342	620	1	toronto	toronto	PROPN
cjfa-33342	620	2	:	:	PUNCT
cjfa-33342	620	3	pearson	pearson	PROPN
cjfa-33342	620	4	education	education	PROPN
cjfa-33342	620	5	canada	canada	PROPN
cjfa-33342	620	6	.	.	PUNCT
cjfa-33342	621	1	modigliani	modigliani	PROPN
cjfa-33342	621	2	,	,	PUNCT
cjfa-33342	621	3	f.	f.	PROPN
cjfa-33342	621	4	,	,	PUNCT
cjfa-33342	621	5	&	&	CCONJ
cjfa-33342	621	6	sutch	sutch	PROPN
cjfa-33342	621	7	,	,	PUNCT
cjfa-33342	621	8	r.	r.	PROPN
cjfa-33342	621	9	(	(	PUNCT
cjfa-33342	621	10	1966	1966	NUM
cjfa-33342	621	11	)	)	PUNCT
cjfa-33342	621	12	.	.	PUNCT
cjfa-33342	622	1	innovation	innovation	NOUN
cjfa-33342	622	2	in	in	ADP
cjfa-33342	622	3	interest	interest	NOUN
cjfa-33342	622	4	rates	rate	NOUN
cjfa-33342	622	5	policy	policy	NOUN
cjfa-33342	622	6	.	.	PUNCT
cjfa-33342	623	1	american	american	PROPN
cjfa-33342	623	2	economic	economic	PROPN
cjfa-33342	623	3	review	review	PROPN
cjfa-33342	623	4	,	,	PUNCT
cjfa-33342	623	5	56(1	56(1	NUM
cjfa-33342	623	6	)	)	PUNCT
cjfa-33342	623	7	,	,	PUNCT
cjfa-33342	623	8	178	178	NUM
cjfa-33342	623	9	-	-	SYM
cjfa-33342	623	10	197	197	NUM
cjfa-33342	623	11	.	.	PUNCT
cjfa-33342	624	1	montalvo	montalvo	PROPN
cjfa-33342	624	2	,	,	PUNCT
cjfa-33342	624	3	j.g	j.g	PROPN
cjfa-33342	624	4	.	.	PROPN
cjfa-33342	624	5	(	(	PUNCT
cjfa-33342	624	6	1995	1995	NUM
cjfa-33342	624	7	)	)	PUNCT
cjfa-33342	624	8	.	.	PUNCT
cjfa-33342	625	1	comparing	compare	VERB
cjfa-33342	625	2	cointegrating	cointegrate	VERB
cjfa-33342	625	3	regression	regression	NOUN
cjfa-33342	625	4	estimators	estimator	NOUN
cjfa-33342	625	5	:	:	PUNCT
cjfa-33342	625	6	some	some	DET
cjfa-33342	625	7	additional	additional	ADJ
cjfa-33342	625	8	monte	monte	PROPN
cjfa-33342	625	9	carlo	carlo	PROPN
cjfa-33342	625	10	results	result	NOUN
cjfa-33342	625	11	.	.	PUNCT
cjfa-33342	626	1	economics	economic	NOUN
cjfa-33342	626	2	letters	letter	NOUN
cjfa-33342	626	3	,	,	PUNCT
cjfa-33342	626	4	48(3	48(3	NOUN
cjfa-33342	626	5	-	-	SYM
cjfa-33342	626	6	4	4	NUM
cjfa-33342	626	7	)	)	PUNCT
cjfa-33342	626	8	,	,	PUNCT
cjfa-33342	626	9	229	229	NUM
cjfa-33342	626	10	-	-	SYM
cjfa-33342	626	11	234	234	NUM
cjfa-33342	626	12	.	.	PUNCT
cjfa-33342	627	1	http://dx.doi	http://dx.doi	NOUN
cjfa-33342	627	2	.	.	PUNCT
cjfa-33342	627	3	org/10.1016/0165	org/10.1016/0165	NUM
cjfa-33342	627	4	-	-	PUNCT
cjfa-33342	627	5	1765(94)00632	1765(94)00632	NUM
cjfa-33342	627	6	-	-	PUNCT
cjfa-33342	627	7	c.	c.	NOUN
cjfa-33342	627	8	philips	philips	PROPN
cjfa-33342	627	9	,	,	PUNCT
cjfa-33342	627	10	p.c.b	p.c.b	NOUN
cjfa-33342	627	11	.	.	PUNCT
cjfa-33342	627	12	,	,	PUNCT
cjfa-33342	627	13	&	&	CCONJ
cjfa-33342	627	14	hansen	hansen	PROPN
cjfa-33342	627	15	,	,	PUNCT
cjfa-33342	627	16	b.e	b.e	PROPN
cjfa-33342	627	17	.	.	PROPN
cjfa-33342	627	18	(	(	PUNCT
cjfa-33342	627	19	1990	1990	NUM
cjfa-33342	627	20	)	)	PUNCT
cjfa-33342	627	21	.	.	PUNCT
cjfa-33342	628	1	statistical	statistical	ADJ
cjfa-33342	628	2	inference	inference	NOUN
cjfa-33342	628	3	in	in	ADP
cjfa-33342	628	4	instrumental	instrumental	ADJ
cjfa-33342	628	5	variables	variable	NOUN
cjfa-33342	628	6	regression	regression	VERB
cjfa-33342	628	7	with	with	ADP
cjfa-33342	628	8	i(1	i(1	PROPN
cjfa-33342	628	9	)	)	PUNCT
cjfa-33342	628	10	processes	process	NOUN
cjfa-33342	628	11	.	.	PUNCT
cjfa-33342	629	1	review	review	NOUN
cjfa-33342	629	2	of	of	ADP
cjfa-33342	629	3	economics	economic	NOUN
cjfa-33342	629	4	studies	study	NOUN
cjfa-33342	629	5	,	,	PUNCT
cjfa-33342	629	6	57(1	57(1	NUM
cjfa-33342	629	7	)	)	PUNCT
cjfa-33342	629	8	,	,	PUNCT
cjfa-33342	629	9	99	99	NUM
cjfa-33342	629	10	-	-	SYM
cjfa-33342	629	11	125	125	NUM
cjfa-33342	629	12	.	.	PUNCT
cjfa-33342	630	1	http://	http://	PROPN
cjfa-33342	630	2	dx.doi.org/10.2307/2297545	dx.doi.org/10.2307/2297545	NOUN
cjfa-33342	630	3	.	.	PUNCT
cjfa-33342	631	1	roll	roll	PROPN
cjfa-33342	631	2	,	,	PUNCT
cjfa-33342	631	3	r.	r.	PROPN
cjfa-33342	631	4	(	(	PUNCT
cjfa-33342	631	5	1968	1968	NUM
cjfa-33342	631	6	)	)	PUNCT
cjfa-33342	631	7	.	.	PUNCT
cjfa-33342	632	1	the	the	DET
cjfa-33342	632	2	behavior	behavior	NOUN
cjfa-33342	632	3	of	of	ADP
cjfa-33342	632	4	interest	interest	NOUN
cjfa-33342	632	5	rates	rate	NOUN
cjfa-33342	632	6	:	:	PUNCT
cjfa-33342	632	7	an	an	DET
cjfa-33342	632	8	application	application	NOUN
cjfa-33342	632	9	of	of	ADP
cjfa-33342	632	10	the	the	DET
cjfa-33342	632	11	efficient	efficient	ADJ
cjfa-33342	632	12	market	market	NOUN
cjfa-33342	632	13	model	model	NOUN
cjfa-33342	632	14	to	to	ADP
cjfa-33342	632	15	u.s	u.s	PROPN
cjfa-33342	632	16	.	.	PROPN
cjfa-33342	632	17	treasury	treasury	PROPN
cjfa-33342	632	18	bill	bill	PROPN
cjfa-33342	632	19	,	,	PUNCT
cjfa-33342	632	20	ph.d	ph.d	PROPN
cjfa-33342	632	21	thesis	thesis	NOUN
cjfa-33342	632	22	,	,	PUNCT
cjfa-33342	632	23	chicago	chicago	PROPN
cjfa-33342	632	24	:	:	PUNCT
cjfa-33342	632	25	graduate	graduate	NOUN
cjfa-33342	632	26	school	school	NOUN
cjfa-33342	632	27	of	of	ADP
cjfa-33342	632	28	business	business	NOUN
cjfa-33342	632	29	(	(	PUNCT
cjfa-33342	632	30	university	university	NOUN
cjfa-33342	632	31	of	of	ADP
cjfa-33342	632	32	chicago	chicago	PROPN
cjfa-33342	632	33	)	)	PUNCT
cjfa-33342	632	34	.	.	PUNCT
cjfa-33342	633	1	sargent	sargent	PROPN
cjfa-33342	633	2	,	,	PUNCT
cjfa-33342	633	3	t.	t.	PROPN
cjfa-33342	633	4	j.	j.	PROPN
cjfa-33342	633	5	(	(	PUNCT
cjfa-33342	633	6	1972	1972	NUM
cjfa-33342	633	7	)	)	PUNCT
cjfa-33342	633	8	.	.	PUNCT
cjfa-33342	634	1	rational	rational	ADJ
cjfa-33342	634	2	expectations	expectation	NOUN
cjfa-33342	634	3	and	and	CCONJ
cjfa-33342	634	4	the	the	DET
cjfa-33342	634	5	term	term	NOUN
cjfa-33342	634	6	structure	structure	NOUN
cjfa-33342	634	7	of	of	ADP
cjfa-33342	634	8	interest	interest	NOUN
cjfa-33342	634	9	rates	rate	NOUN
cjfa-33342	634	10	.	.	PUNCT
cjfa-33342	635	1	journal	journal	NOUN
cjfa-33342	635	2	of	of	ADP
cjfa-33342	635	3	money	money	NOUN
cjfa-33342	635	4	,	,	PUNCT
cjfa-33342	635	5	credit	credit	NOUN
cjfa-33342	635	6	,	,	PUNCT
cjfa-33342	635	7	and	and	CCONJ
cjfa-33342	635	8	banking	banking	NOUN
cjfa-33342	635	9	,	,	PUNCT
cjfa-33342	635	10	4(1	4(1	NOUN
cjfa-33342	635	11	)	)	PUNCT
cjfa-33342	635	12	,	,	PUNCT
cjfa-33342	635	13	74	74	NUM
cjfa-33342	635	14	-	-	SYM
cjfa-33342	635	15	97	97	NUM
cjfa-33342	635	16	.	.	PUNCT
cjfa-33342	636	1	shiller	shiller	PROPN
cjfa-33342	636	2	,	,	PUNCT
cjfa-33342	636	3	r.j	r.j	PROPN
cjfa-33342	636	4	.	.	PROPN
cjfa-33342	636	5	,	,	PUNCT
cjfa-33342	636	6	&	&	CCONJ
cjfa-33342	636	7	mcculloch	mcculloch	PROPN
cjfa-33342	636	8	,	,	PUNCT
cjfa-33342	636	9	j.h	j.h	PROPN
cjfa-33342	636	10	.	.	PROPN
cjfa-33342	636	11	(	(	PUNCT
cjfa-33342	636	12	1990	1990	NUM
cjfa-33342	636	13	)	)	PUNCT
cjfa-33342	636	14	.	.	PUNCT
cjfa-33342	637	1	the	the	DET
cjfa-33342	637	2	term	term	NOUN
cjfa-33342	637	3	structure	structure	NOUN
cjfa-33342	637	4	of	of	ADP
cjfa-33342	637	5	interest	interest	NOUN
cjfa-33342	637	6	rates	rate	NOUN
cjfa-33342	637	7	.	.	PUNCT
cjfa-33342	638	1	in	in	ADP
cjfa-33342	638	2	b.	b.	PROPN
cjfa-33342	638	3	friedman	friedman	PROPN
cjfa-33342	638	4	,	,	PUNCT
cjfa-33342	638	5	f.	f.	PROPN
cjfa-33342	638	6	hahn	hahn	PROPN
cjfa-33342	638	7	(	(	PUNCT
cjfa-33342	638	8	eds	ed	NOUN
cjfa-33342	638	9	)	)	PUNCT
cjfa-33342	638	10	.	.	PUNCT
cjfa-33342	639	1	the	the	DET
cjfa-33342	639	2	handbook	handbook	NOUN
cjfa-33342	639	3	of	of	ADP
cjfa-33342	639	4	monetary	monetary	ADJ
cjfa-33342	639	5	economics	economic	NOUN
cjfa-33342	639	6	.	.	PUNCT
cjfa-33342	640	1	amsterdam	amsterdam	PROPN
cjfa-33342	640	2	:	:	PUNCT
cjfa-33342	640	3	elsvier	elsvier	ADV
cjfa-33342	640	4	.	.	PUNCT
cjfa-33342	641	1	http://dx.doi.org/10.1016/s1573-4498(05)80016-5	http://dx.doi.org/10.1016/s1573-4498(05)80016-5	PROPN
cjfa-33342	641	2	.	.	PROPN
cjfa-33342	641	3	stock	stock	PROPN
cjfa-33342	641	4	,	,	PUNCT
cjfa-33342	641	5	j.	j.	PROPN
cjfa-33342	641	6	,	,	PUNCT
cjfa-33342	641	7	&	&	CCONJ
cjfa-33342	641	8	watson	watson	PROPN
cjfa-33342	641	9	,	,	PUNCT
cjfa-33342	641	10	m.	m.	NOUN
cjfa-33342	641	11	(	(	PUNCT
cjfa-33342	641	12	1993	1993	NUM
cjfa-33342	641	13	)	)	PUNCT
cjfa-33342	641	14	.	.	PUNCT
cjfa-33342	642	1	a	a	DET
cjfa-33342	642	2	simple	simple	ADJ
cjfa-33342	642	3	estimator	estimator	NOUN
cjfa-33342	642	4	of	of	ADP
cjfa-33342	642	5	cointegrating	cointegrate	VERB
cjfa-33342	642	6	vector	vector	NOUN
cjfa-33342	642	7	in	in	ADP
cjfa-33342	642	8	higher	high	ADJ
cjfa-33342	642	9	order	order	NOUN
cjfa-33342	642	10	integrating	integrate	VERB
cjfa-33342	642	11	systems	system	NOUN
cjfa-33342	642	12	.	.	PUNCT
cjfa-33342	643	1	econometrica	econometrica	PROPN
cjfa-33342	643	2	,	,	PUNCT
cjfa-33342	643	3	61(4	61(4	NUM
cjfa-33342	643	4	)	)	PUNCT
cjfa-33342	643	5	,	,	PUNCT
cjfa-33342	643	6	783	783	NUM
cjfa-33342	643	7	-	-	SYM
cjfa-33342	643	8	820	820	NUM
cjfa-33342	643	9	.	.	PUNCT
cjfa-33342	644	1	http://dx.doi.org/10	http://dx.doi.org/10	PROPN
cjfa-33342	644	2	.	.	PUNCT
cjfa-33342	645	1	2307/2951763	2307/2951763	NUM
cjfa-33342	645	2	.	.	PUNCT
cjfa-33342	646	1	hans	hans	PROPN
cjfa-33342	646	2	patrick	patrick	PROPN
cjfa-33342	646	3	bidias	bidias	PROPN
cjfa-33342	646	4	-	-	PUNCT
cjfa-33342	646	5	menik	menik	NOUN
cjfa-33342	646	6	,	,	PUNCT
cjfa-33342	646	7	simplice	simplice	PROPN
cjfa-33342	646	8	gaël	gaël	PROPN
cjfa-33342	646	9	tonmo60	tonmo60	PROPN
cjfa-33342	646	10	webography	webography	NOUN
cjfa-33342	646	11	countries	country	NOUN
cjfa-33342	646	12	links	link	VERB
cjfa-33342	646	13	toward	toward	ADP
cjfa-33342	646	14	the	the	DET
cjfa-33342	646	15	central	central	ADJ
cjfa-33342	646	16	banks	bank	NOUN
cjfa-33342	646	17	data	data	PROPN
cjfa-33342	646	18	’s	’s	PART
cjfa-33342	646	19	*	*	PUNCT
cjfa-33342	646	20	egypte	egypte	PROPN
cjfa-33342	646	21	http://www.cbe.org.eg/en/pages/default.aspx	http://www.cbe.org.eg/en/pages/default.aspx	X
cjfa-33342	646	22	ghana	ghana	PROPN
cjfa-33342	646	23	https://www.bog.gov.gh/index.php?option=com_wrapperandvie	https://www.bog.gov.gh/index.php?option=com_wrapperandvie	PROPN
cjfa-33342	646	24	w	w	PROPN
cjfa-33342	646	25	=	=	PROPN
cjfa-33342	646	26	wrapperanditemid=231	wrapperanditemid=231	PROPN
cjfa-33342	646	27	kenya	kenya	NOUN
cjfa-33342	646	28	https://www.centralbank.go.ke/	https://www.centralbank.go.ke/	PROPN
cjfa-33342	646	29	nigeria	nigeria	PROPN
cjfa-33342	646	30	http://www.cenbank.org/functions/export	http://www.cenbank.org/functions/export	PROPN
cjfa-33342	646	31	.	.	PUNCT
cjfa-33342	647	1	asp?tablename	asp?tablename	PROPN
cjfa-33342	647	2	=	=	PROPN
cjfa-33342	647	3	securities	security	NOUN
cjfa-33342	647	4	rsa	rsa	PROPN
cjfa-33342	647	5	https://www.resbank.co.za/research/statistics/pages/	https://www.resbank.co.za/research/statistics/pages/	AUX
cjfa-33342	647	6	onlinedownloadfacility.aspx	onlinedownloadfacility.aspx	NUM
cjfa-33342	647	7	*	*	PUNCT
cjfa-33342	647	8	 	 	SPACE
cjfa-33342	647	9	last	last	ADJ
cjfa-33342	647	10	consultation	consultation	NOUN
cjfa-33342	647	11	the	the	DET
cjfa-33342	647	12	30	30	NUM
cjfa-33342	647	13	june	june	PROPN
cjfa-33342	647	14	2017	2017	NUM
cjfa-33342	647	15	.	.	PUNCT