id	sid	tid	token	lemma	pos
dem-14899	1	1	2017	2017	NUM
dem-14899	1	2	nicolaus	nicolaus	PROPN
dem-14899	1	3	copernicus	copernicus	PROPN
dem-14899	1	4	university	university	PROPN
dem-14899	1	5	.	.	PUNCT
dem-14899	2	1	all	all	DET
dem-14899	2	2	rights	right	NOUN
dem-14899	2	3	reserved	reserve	VERB
dem-14899	2	4	.	.	PUNCT
dem-14899	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-14899	4	1	d	d	PUNCT
dem-14899	4	2	y	y	PROPN
dem-14899	4	3	n	n	PROPN
dem-14899	4	4	a	a	PRON
dem-14899	4	5	m	m	VERB
dem-14899	5	1	i	i	NOUN
dem-14899	5	2	c	c	NOUN
dem-14899	5	3	e	e	NOUN
dem-14899	5	4	c	c	NOUN
dem-14899	5	5	o	o	X
dem-14899	6	1	n	n	INTJ
dem-14899	6	2	o	o	NOUN
dem-14899	6	3	m	m	VERB
dem-14899	7	1	e	e	NOUN
dem-14899	7	2	t	t	NOUN
dem-14899	7	3	r	r	NOUN
dem-14899	7	4	i	i	NOUN
dem-14899	7	5	c	c	NOUN
dem-14899	7	6	m	m	VERB
dem-14899	7	7	o	o	NOUN
dem-14899	7	8	d	d	X
dem-14899	7	9	e	e	X
dem-14899	7	10	l	l	NOUN
dem-14899	7	11	s	s	X
dem-14899	7	12	doi	doi	NOUN
dem-14899	7	13	:	:	PUNCT
dem-14899	7	14	http://dx.doi.org/10.12775/dem.2017.006	http://dx.doi.org/10.12775/dem.2017.006	ADJ
dem-14899	7	15	vol	vol	NOUN
dem-14899	7	16	.	.	PROPN
dem-14899	7	17	17	17	NUM
dem-14899	7	18	(	(	PUNCT
dem-14899	7	19	2017	2017	NUM
dem-14899	7	20	)	)	PUNCT
dem-14899	7	21	97−114	97−114	NOUN
dem-14899	7	22	submitted	submit	VERB
dem-14899	7	23	october	october	PROPN
dem-14899	7	24	31	31	NUM
dem-14899	7	25	,	,	PUNCT
dem-14899	7	26	2017	2017	NUM
dem-14899	7	27	issn	issn	X
dem-14899	7	28	(	(	PUNCT
dem-14899	7	29	online	online	ADJ
dem-14899	7	30	)	)	PUNCT
dem-14899	7	31	2450	2450	NUM
dem-14899	7	32	-	-	SYM
dem-14899	7	33	7067	7067	NUM
dem-14899	7	34	accepted	accept	VERB
dem-14899	7	35	december	december	PROPN
dem-14899	7	36	28	28	NUM
dem-14899	7	37	,	,	PUNCT
dem-14899	7	38	2017	2017	NUM
dem-14899	7	39	issn	issn	PROPN
dem-14899	7	40	(	(	PUNCT
dem-14899	7	41	print	print	NOUN
dem-14899	7	42	)	)	PUNCT
dem-14899	7	43	1234	1234	NUM
dem-14899	7	44	-	-	SYM
dem-14899	7	45	3862	3862	NUM
dem-14899	7	46	adrian	adrian	PROPN
dem-14899	7	47	burda	burda	PROPN
dem-14899	7	48	,	,	PUNCT
dem-14899	7	49	błażej	błażej	PROPN
dem-14899	7	50	mazur	mazur	NOUN
dem-14899	7	51	,	,	PUNCT
dem-14899	7	52	mateusz	mateusz	NOUN
dem-14899	7	53	pipień	pipień	NOUN
dem-14899	7	54	*	*	PUNCT
dem-14899	7	55	forecasting	forecast	VERB
dem-14899	7	56	eur	eur	PROPN
dem-14899	7	57	/	/	SYM
dem-14899	7	58	pln	pln	PROPN
dem-14899	7	59	exchange	exchange	PROPN
dem-14899	7	60	rate	rate	NOUN
dem-14899	7	61	:	:	PUNCT
dem-14899	7	62	the	the	DET
dem-14899	7	63	role	role	NOUN
dem-14899	7	64	of	of	ADP
dem-14899	7	65	purchasing	purchase	VERB
dem-14899	7	66	power	power	NOUN
dem-14899	7	67	parity	parity	NOUN
dem-14899	7	68	hypothesis	hypothesis	NOUN
dem-14899	7	69	in	in	ADP
dem-14899	7	70	estvec	estvec	PROPN
dem-14899	7	71	models	models	PROPN
dem-14899	8	1	a	a	DET
dem-14899	8	2	b	b	PROPN
dem-14899	8	3	s	s	ADP
dem-14899	8	4	t	t	PROPN
dem-14899	8	5	r	r	NOUN
dem-14899	8	6	a	a	DET
dem-14899	8	7	c	c	NOUN
dem-14899	8	8	t.	t.	NOUN
dem-14899	8	9	the	the	DET
dem-14899	8	10	purpose	purpose	NOUN
dem-14899	8	11	of	of	ADP
dem-14899	8	12	this	this	DET
dem-14899	8	13	paper	paper	NOUN
dem-14899	8	14	is	be	AUX
dem-14899	8	15	to	to	PART
dem-14899	8	16	verify	verify	VERB
dem-14899	8	17	empirical	empirical	ADJ
dem-14899	8	18	consequences	consequence	NOUN
dem-14899	8	19	of	of	ADP
dem-14899	8	20	imposing	impose	VERB
dem-14899	8	21	various	various	ADJ
dem-14899	8	22	forms	form	NOUN
dem-14899	8	23	of	of	ADP
dem-14899	8	24	purchasing	purchase	VERB
dem-14899	8	25	power	power	NOUN
dem-14899	8	26	parity	parity	NOUN
dem-14899	8	27	(	(	PUNCT
dem-14899	8	28	ppp	ppp	NOUN
dem-14899	8	29	)	)	PUNCT
dem-14899	8	30	within	within	ADP
dem-14899	8	31	a	a	DET
dem-14899	8	32	class	class	NOUN
dem-14899	8	33	of	of	ADP
dem-14899	8	34	smooth	smooth	ADJ
dem-14899	8	35	transition	transition	NOUN
dem-14899	8	36	vector	vector	NOUN
dem-14899	8	37	error	error	NOUN
dem-14899	8	38	correction	correction	NOUN
dem-14899	8	39	models	model	NOUN
dem-14899	8	40	(	(	PUNCT
dem-14899	8	41	estvecm	estvecm	PROPN
dem-14899	8	42	)	)	PUNCT
dem-14899	8	43	for	for	ADP
dem-14899	8	44	analysis	analysis	NOUN
dem-14899	8	45	of	of	ADP
dem-14899	8	46	eur	eur	PROPN
dem-14899	8	47	/	/	SYM
dem-14899	8	48	pln	pln	PROPN
dem-14899	8	49	exchange	exchange	NOUN
dem-14899	8	50	rage	rage	NOUN
dem-14899	8	51	.	.	PUNCT
dem-14899	9	1	empirical	empirical	ADJ
dem-14899	9	2	importance	importance	NOUN
dem-14899	9	3	of	of	ADP
dem-14899	9	4	exponential	exponential	ADJ
dem-14899	9	5	smooth	smooth	ADJ
dem-14899	9	6	transition	transition	NOUN
dem-14899	9	7	functions	function	NOUN
dem-14899	9	8	is	be	AUX
dem-14899	9	9	confronted	confront	VERB
dem-14899	9	10	with	with	ADP
dem-14899	9	11	the	the	DET
dem-14899	9	12	linear	linear	ADJ
dem-14899	9	13	errorcorrection	errorcorrection	NOUN
dem-14899	9	14	mechanism	mechanism	NOUN
dem-14899	9	15	.	.	PUNCT
dem-14899	10	1	a	a	DET
dem-14899	10	2	class	class	NOUN
dem-14899	10	3	of	of	ADP
dem-14899	10	4	competing	compete	VERB
dem-14899	10	5	models	model	NOUN
dem-14899	10	6	for	for	ADP
dem-14899	10	7	recursive	recursive	ADJ
dem-14899	10	8	samples	sample	NOUN
dem-14899	10	9	are	be	AUX
dem-14899	10	10	compared	compare	VERB
dem-14899	10	11	by	by	ADP
dem-14899	10	12	the	the	DET
dem-14899	10	13	likelihood	likelihood	NOUN
dem-14899	10	14	ratio	ratio	NOUN
dem-14899	10	15	test	test	NOUN
dem-14899	10	16	,	,	PUNCT
dem-14899	10	17	information	information	NOUN
dem-14899	10	18	criteria	criterion	NOUN
dem-14899	10	19	,	,	PUNCT
dem-14899	10	20	and	and	CCONJ
dem-14899	10	21	out	out	ADP
dem-14899	10	22	of	of	ADP
dem-14899	10	23	sample	sample	NOUN
dem-14899	10	24	forecast	forecast	NOUN
dem-14899	10	25	accuracy	accuracy	NOUN
dem-14899	10	26	measures	measure	NOUN
dem-14899	10	27	.	.	PUNCT
dem-14899	11	1	k	k	PROPN
dem-14899	11	2	e	e	PROPN
dem-14899	11	3	y	y	PROPN
dem-14899	11	4	w	w	NOUN
dem-14899	11	5	o	o	NOUN
dem-14899	11	6	r	r	NOUN
dem-14899	11	7	d	d	PROPN
dem-14899	11	8	s	s	X
dem-14899	11	9	:	:	PUNCT
dem-14899	11	10	ppp	ppp	NOUN
dem-14899	11	11	;	;	PUNCT
dem-14899	11	12	estvecm	estvecm	NOUN
dem-14899	11	13	;	;	PUNCT
dem-14899	11	14	cointegration	cointegration	NOUN
dem-14899	11	15	;	;	PUNCT
dem-14899	11	16	exchange	exchange	NOUN
dem-14899	11	17	rate	rate	NOUN
dem-14899	11	18	forecasting	forecasting	PROPN
dem-14899	11	19	j	j	PROPN
dem-14899	11	20	e	e	PROPN
dem-14899	11	21	l	l	NOUN
dem-14899	11	22	classification	classification	NOUN
dem-14899	11	23	:	:	PUNCT
dem-14899	11	24	c32	c32	NOUN
dem-14899	11	25	;	;	PUNCT
dem-14899	11	26	f31	f31	PROPN
dem-14899	11	27	;	;	PUNCT
dem-14899	11	28	f37	f37	NOUN
dem-14899	11	29	1	1	NUM
dem-14899	11	30	.	.	PUNCT
dem-14899	11	31	introduction	introduction	NOUN
dem-14899	11	32	purchasing	purchasing	NOUN
dem-14899	11	33	power	power	NOUN
dem-14899	11	34	parity	parity	NOUN
dem-14899	11	35	(	(	PUNCT
dem-14899	11	36	ppp	ppp	NOUN
dem-14899	11	37	)	)	PUNCT
dem-14899	11	38	is	be	AUX
dem-14899	11	39	one	one	NUM
dem-14899	11	40	of	of	ADP
dem-14899	11	41	the	the	DET
dem-14899	11	42	oldest	old	ADJ
dem-14899	11	43	theories	theory	NOUN
dem-14899	11	44	regarding	regard	VERB
dem-14899	11	45	exchange	exchange	NOUN
dem-14899	11	46	rate	rate	NOUN
dem-14899	11	47	.	.	PUNCT
dem-14899	12	1	its	its	PRON
dem-14899	12	2	empirical	empirical	ADJ
dem-14899	12	3	importance	importance	NOUN
dem-14899	12	4	has	have	AUX
dem-14899	12	5	been	be	AUX
dem-14899	12	6	investigated	investigate	VERB
dem-14899	12	7	intensively	intensively	ADV
dem-14899	12	8	for	for	ADP
dem-14899	12	9	decades	decade	NOUN
dem-14899	12	10	.	.	PUNCT
dem-14899	13	1	rogoff	rogoff	NOUN
dem-14899	13	2	(	(	PUNCT
dem-14899	13	3	1996	1996	NUM
dem-14899	13	4	)	)	PUNCT
dem-14899	13	5	and	and	CCONJ
dem-14899	13	6	officer	officer	NOUN
dem-14899	13	7	(	(	PUNCT
dem-14899	13	8	1982	1982	NUM
dem-14899	13	9	)	)	PUNCT
dem-14899	13	10	point	point	NOUN
dem-14899	13	11	out	out	ADP
dem-14899	13	12	that	that	SCONJ
dem-14899	13	13	ppp	ppp	PROPN
dem-14899	13	14	theory	theory	NOUN
dem-14899	13	15	had	have	VERB
dem-14899	13	16	*	*	PUNCT
dem-14899	13	17	correspondence	correspondence	NOUN
dem-14899	13	18	to	to	ADP
dem-14899	13	19	:	:	PUNCT
dem-14899	13	20	adrian	adrian	PROPN
dem-14899	13	21	burda	burda	PROPN
dem-14899	13	22	,	,	PUNCT
dem-14899	13	23	e	e	NOUN
dem-14899	13	24	-	-	NOUN
dem-14899	13	25	mail	mail	NOUN
dem-14899	13	26	:	:	PUNCT
dem-14899	13	27	adrian.marek.burda07@gmail.com	adrian.marek.burda07@gmail.com	PROPN
dem-14899	13	28	;	;	PUNCT
dem-14899	13	29	błażej	błażej	PROPN
dem-14899	13	30	mazur	mazur	PROPN
dem-14899	13	31	,	,	PUNCT
dem-14899	13	32	department	department	NOUN
dem-14899	13	33	of	of	ADP
dem-14899	13	34	econometrics	econometric	NOUN
dem-14899	13	35	and	and	CCONJ
dem-14899	13	36	operations	operation	NOUN
dem-14899	13	37	research	research	NOUN
dem-14899	13	38	,	,	PUNCT
dem-14899	13	39	cracow	cracow	PROPN
dem-14899	13	40	university	university	PROPN
dem-14899	13	41	of	of	ADP
dem-14899	13	42	economics	economic	NOUN
dem-14899	13	43	,	,	PUNCT
dem-14899	13	44	rakowicka	rakowicka	NOUN
dem-14899	13	45	27	27	NUM
dem-14899	13	46	,	,	PUNCT
dem-14899	13	47	31	31	NUM
dem-14899	13	48	-	-	SYM
dem-14899	13	49	510	510	NUM
dem-14899	13	50	kraków	kraków	NOUN
dem-14899	13	51	,	,	PUNCT
dem-14899	13	52	e	e	NOUN
dem-14899	13	53	-	-	NOUN
dem-14899	13	54	mail	mail	NOUN
dem-14899	13	55	:	:	PUNCT
dem-14899	13	56	blazej.mazur@uek.krakow.pl	blazej.mazur@uek.krakow.pl	NUM
dem-14899	13	57	,	,	PUNCT
dem-14899	13	58	mateusz	mateusz	NOUN
dem-14899	13	59	pipień	pipień	NOUN
dem-14899	13	60	,	,	PUNCT
dem-14899	13	61	department	department	NOUN
dem-14899	13	62	of	of	ADP
dem-14899	13	63	econometrics	econometric	NOUN
dem-14899	13	64	and	and	CCONJ
dem-14899	13	65	operations	operation	NOUN
dem-14899	13	66	research	research	NOUN
dem-14899	13	67	,	,	PUNCT
dem-14899	13	68	cracow	cracow	PROPN
dem-14899	13	69	university	university	PROPN
dem-14899	13	70	of	of	ADP
dem-14899	13	71	economics	economic	NOUN
dem-14899	13	72	,	,	PUNCT
dem-14899	13	73	rakowicka	rakowicka	NOUN
dem-14899	13	74	27	27	NUM
dem-14899	13	75	,	,	PUNCT
dem-14899	13	76	31	31	NUM
dem-14899	13	77	-	-	SYM
dem-14899	13	78	510	510	NUM
dem-14899	13	79	kraków	kraków	NOUN
dem-14899	13	80	,	,	PUNCT
dem-14899	13	81	e	e	NOUN
dem-14899	13	82	-	-	NOUN
dem-14899	13	83	mail	mail	NOUN
dem-14899	13	84	eepipien@cyf-kr.edu.pl	eepipien@cyf-kr.edu.pl	NOUN
dem-14899	13	85	.	.	PUNCT
dem-14899	14	1			NOUN
dem-14899	14	2	this	this	DET
dem-14899	14	3	research	research	NOUN
dem-14899	14	4	was	be	AUX
dem-14899	14	5	supported	support	VERB
dem-14899	14	6	by	by	ADP
dem-14899	14	7	the	the	DET
dem-14899	14	8	national	national	PROPN
dem-14899	14	9	science	science	PROPN
dem-14899	14	10	center	center	PROPN
dem-14899	14	11	,	,	PUNCT
dem-14899	14	12	poland	poland	PROPN
dem-14899	14	13	,	,	PUNCT
dem-14899	14	14	based	base	VERB
dem-14899	14	15	on	on	ADP
dem-14899	14	16	decision	decision	NOUN
dem-14899	14	17	number	number	NOUN
dem-14899	14	18	umo-2014/13	umo-2014/13	PROPN
dem-14899	14	19	/	/	SYM
dem-14899	14	20	n	n	CCONJ
dem-14899	14	21	/	/	SYM
dem-14899	14	22	hs4/03593	hs4/03593	PROPN
dem-14899	14	23	,	,	PUNCT
dem-14899	14	24	and	and	CCONJ
dem-14899	14	25	by	by	ADP
dem-14899	14	26	the	the	DET
dem-14899	14	27	funds	fund	NOUN
dem-14899	14	28	granted	grant	VERB
dem-14899	14	29	to	to	ADP
dem-14899	14	30	the	the	DET
dem-14899	14	31	faculty	faculty	NOUN
dem-14899	14	32	of	of	ADP
dem-14899	14	33	management	management	NOUN
dem-14899	14	34	,	,	PUNCT
dem-14899	14	35	cracow	cracow	PROPN
dem-14899	14	36	university	university	PROPN
dem-14899	14	37	of	of	ADP
dem-14899	14	38	economics	economic	NOUN
dem-14899	14	39	within	within	ADP
dem-14899	14	40	the	the	DET
dem-14899	14	41	framework	framework	NOUN
dem-14899	14	42	of	of	ADP
dem-14899	14	43	the	the	DET
dem-14899	14	44	subsidy	subsidy	NOUN
dem-14899	14	45	for	for	ADP
dem-14899	14	46	the	the	DET
dem-14899	14	47	maintenance	maintenance	NOUN
dem-14899	14	48	of	of	ADP
dem-14899	14	49	research	research	NOUN
dem-14899	14	50	potential	potential	NOUN
dem-14899	14	51	.	.	PUNCT
dem-14899	15	1	https://orcid.org/0000-0001-5096-5175	https://orcid.org/0000-0001-5096-5175	PROPN
dem-14899	15	2	adrian	adrian	PROPN
dem-14899	15	3	burda	burda	PROPN
dem-14899	15	4	,	,	PUNCT
dem-14899	15	5	błażej	błażej	PROPN
dem-14899	15	6	mazur	mazur	NOUN
dem-14899	15	7	,	,	PUNCT
dem-14899	15	8	mateusz	mateusz	PROPN
dem-14899	15	9	pipień	pipień	NOUN
dem-14899	15	10	dynamic	dynamic	ADJ
dem-14899	15	11	econometric	econometric	ADJ
dem-14899	15	12	models	model	NOUN
dem-14899	15	13	17	17	NUM
dem-14899	15	14	(	(	PUNCT
dem-14899	15	15	2017	2017	NUM
dem-14899	15	16	)	)	PUNCT
dem-14899	15	17	97–114	97–114	NOUN
dem-14899	15	18	98	98	NUM
dem-14899	15	19	been	be	AUX
dem-14899	15	20	initially	initially	ADV
dem-14899	15	21	articulated	articulate	VERB
dem-14899	15	22	by	by	ADP
dem-14899	15	23	the	the	DET
dem-14899	15	24	scholars	scholar	NOUN
dem-14899	15	25	of	of	ADP
dem-14899	15	26	salamanca	salamanca	PROPN
dem-14899	15	27	school	school	PROPN
dem-14899	15	28	in	in	ADP
dem-14899	15	29	spain	spain	PROPN
dem-14899	15	30	in	in	ADP
dem-14899	15	31	the	the	DET
dem-14899	15	32	sixteenth	sixteenth	ADJ
dem-14899	15	33	century	century	NOUN
dem-14899	15	34	.	.	PUNCT
dem-14899	16	1	modern	modern	ADJ
dem-14899	16	2	analyses	analysis	NOUN
dem-14899	16	3	and	and	CCONJ
dem-14899	16	4	formulations	formulation	NOUN
dem-14899	16	5	of	of	ADP
dem-14899	16	6	ppp	ppp	NOUN
dem-14899	16	7	theory	theory	NOUN
dem-14899	16	8	could	could	AUX
dem-14899	16	9	be	be	AUX
dem-14899	16	10	dated	date	VERB
dem-14899	16	11	on	on	ADP
dem-14899	16	12	early	early	ADJ
dem-14899	16	13	20	20	NUM
dem-14899	16	14	’s	’s	NOUN
dem-14899	16	15	of	of	ADP
dem-14899	16	16	the	the	DET
dem-14899	16	17	20th	20th	ADJ
dem-14899	16	18	century	century	NOUN
dem-14899	16	19	(	(	PUNCT
dem-14899	16	20	e.g.	e.g.	ADV
dem-14899	16	21	cassel	cassel	NOUN
dem-14899	16	22	,	,	PUNCT
dem-14899	16	23	1918	1918	NUM
dem-14899	16	24	)	)	PUNCT
dem-14899	16	25	.	.	PUNCT
dem-14899	17	1	nowadays	nowadays	ADV
dem-14899	17	2	ppp	ppp	PROPN
dem-14899	17	3	constitutes	constitute	VERB
dem-14899	17	4	theoretical	theoretical	ADJ
dem-14899	17	5	foundations	foundation	NOUN
dem-14899	17	6	of	of	ADP
dem-14899	17	7	many	many	ADJ
dem-14899	17	8	long	long	ADJ
dem-14899	17	9	-	-	PUNCT
dem-14899	17	10	run	run	VERB
dem-14899	17	11	exchange	exchange	NOUN
dem-14899	17	12	rate	rate	NOUN
dem-14899	17	13	models	model	NOUN
dem-14899	17	14	,	,	PUNCT
dem-14899	17	15	as	as	SCONJ
dem-14899	17	16	e.g.	e.g.	ADV
dem-14899	17	17	sticky	sticky	ADJ
dem-14899	17	18	-	-	PUNCT
dem-14899	17	19	prices	price	NOUN
dem-14899	17	20	monetary	monetary	ADJ
dem-14899	17	21	models	model	NOUN
dem-14899	17	22	(	(	PUNCT
dem-14899	17	23	dornbusch	dornbusch	NOUN
dem-14899	17	24	,	,	PUNCT
dem-14899	17	25	1976	1976	NUM
dem-14899	17	26	)	)	PUNCT
dem-14899	17	27	,	,	PUNCT
dem-14899	17	28	flexible	flexible	ADJ
dem-14899	17	29	-	-	PUNCT
dem-14899	17	30	price	price	NOUN
dem-14899	17	31	monetary	monetary	ADJ
dem-14899	17	32	model	model	NOUN
dem-14899	17	33	(	(	PUNCT
dem-14899	17	34	e.g.	e.g.	ADV
dem-14899	17	35	johnson	johnson	PROPN
dem-14899	17	36	,	,	PUNCT
dem-14899	17	37	1978	1978	NUM
dem-14899	17	38	)	)	PUNCT
dem-14899	17	39	or	or	CCONJ
dem-14899	17	40	asset	asset	NOUN
dem-14899	17	41	pricing	pricing	NOUN
dem-14899	17	42	models	model	NOUN
dem-14899	17	43	(	(	PUNCT
dem-14899	17	44	lucas	lucas	NOUN
dem-14899	17	45	,	,	PUNCT
dem-14899	17	46	1982	1982	NUM
dem-14899	17	47	)	)	PUNCT
dem-14899	17	48	.	.	PUNCT
dem-14899	18	1	consequently	consequently	ADV
dem-14899	18	2	,	,	PUNCT
dem-14899	18	3	the	the	DET
dem-14899	18	4	ppp	ppp	NOUN
dem-14899	18	5	hypothesis	hypothesis	NOUN
dem-14899	18	6	is	be	AUX
dem-14899	18	7	also	also	ADV
dem-14899	18	8	embedded	embed	VERB
dem-14899	18	9	in	in	ADP
dem-14899	18	10	larger	large	ADJ
dem-14899	18	11	macroeconomic	macroeconomic	ADJ
dem-14899	18	12	models	model	NOUN
dem-14899	18	13	,	,	PUNCT
dem-14899	18	14	as	as	ADP
dem-14899	18	15	e.g.	e.g.	ADV
dem-14899	18	16	in	in	ADP
dem-14899	18	17	dsge	dsge	NOUN
dem-14899	18	18	models	model	NOUN
dem-14899	18	19	for	for	ADP
dem-14899	18	20	small	small	ADJ
dem-14899	18	21	open	open	ADJ
dem-14899	18	22	economy	economy	NOUN
dem-14899	18	23	or	or	CCONJ
dem-14899	18	24	two	two	NUM
dem-14899	18	25	economies	economy	NOUN
dem-14899	18	26	(	(	PUNCT
dem-14899	18	27	e.g.	e.g.	ADV
dem-14899	18	28	ca‘zorzi	ca‘zorzi	VERB
dem-14899	18	29	et	et	PROPN
dem-14899	18	30	al	al	PROPN
dem-14899	18	31	.	.	PROPN
dem-14899	18	32	,	,	PUNCT
dem-14899	18	33	2017	2017	NUM
dem-14899	18	34	;	;	PUNCT
dem-14899	18	35	senbeta	senbeta	PROPN
dem-14899	18	36	,	,	PUNCT
dem-14899	18	37	2011	2011	NUM
dem-14899	18	38	)	)	PUNCT
dem-14899	18	39	.	.	PUNCT
dem-14899	19	1	furthermore	furthermore	ADV
dem-14899	19	2	,	,	PUNCT
dem-14899	19	3	ppp	ppp	NOUN
dem-14899	19	4	could	could	AUX
dem-14899	19	5	be	be	AUX
dem-14899	19	6	useful	useful	ADJ
dem-14899	19	7	in	in	ADP
dem-14899	19	8	forecasting	forecasting	NOUN
dem-14899	19	9	exchange	exchange	NOUN
dem-14899	19	10	rate	rate	NOUN
dem-14899	19	11	,	,	PUNCT
dem-14899	19	12	in	in	ADP
dem-14899	19	13	particular	particular	ADJ
dem-14899	19	14	in	in	ADP
dem-14899	19	15	the	the	DET
dem-14899	19	16	long	long	ADV
dem-14899	19	17	-	-	PUNCT
dem-14899	19	18	run	run	NOUN
dem-14899	19	19	(	(	PUNCT
dem-14899	19	20	e.g.	e.g.	ADV
dem-14899	19	21	ca‘zorzi	ca‘zorzi	VERB
dem-14899	19	22	et	et	PROPN
dem-14899	19	23	al	al	PROPN
dem-14899	19	24	.	.	PROPN
dem-14899	19	25	,	,	PUNCT
dem-14899	19	26	2016	2016	NUM
dem-14899	19	27	)	)	PUNCT
dem-14899	19	28	.	.	PUNCT
dem-14899	20	1	despite	despite	SCONJ
dem-14899	20	2	of	of	ADP
dem-14899	20	3	wide	wide	ADJ
dem-14899	20	4	applications	application	NOUN
dem-14899	20	5	of	of	ADP
dem-14899	20	6	ppp	ppp	PROPN
dem-14899	20	7	theory	theory	NOUN
dem-14899	20	8	,	,	PUNCT
dem-14899	20	9	empirical	empirical	ADJ
dem-14899	20	10	evidence	evidence	NOUN
dem-14899	20	11	is	be	AUX
dem-14899	20	12	far	far	ADV
dem-14899	20	13	from	from	ADP
dem-14899	20	14	being	be	AUX
dem-14899	20	15	conclusive	conclusive	ADJ
dem-14899	20	16	(	(	PUNCT
dem-14899	20	17	e.g.	e.g.	ADV
dem-14899	20	18	arize	arize	VERB
dem-14899	20	19	et	et	PROPN
dem-14899	20	20	al	al	PROPN
dem-14899	20	21	.	.	PROPN
dem-14899	20	22	,	,	PUNCT
dem-14899	20	23	2015	2015	NUM
dem-14899	20	24	;	;	PUNCT
dem-14899	21	1	kelm	kelm	PROPN
dem-14899	21	2	,	,	PUNCT
dem-14899	21	3	2013	2013	NUM
dem-14899	21	4	,	,	PUNCT
dem-14899	21	5	p.	p.	NOUN
dem-14899	21	6	68	68	NUM
dem-14899	21	7	)	)	PUNCT
dem-14899	21	8	.	.	PUNCT
dem-14899	22	1	while	while	SCONJ
dem-14899	22	2	most	most	ADJ
dem-14899	22	3	of	of	ADP
dem-14899	22	4	the	the	DET
dem-14899	22	5	existing	exist	VERB
dem-14899	22	6	literature	literature	NOUN
dem-14899	22	7	do	do	AUX
dem-14899	22	8	not	not	PART
dem-14899	22	9	confirm	confirm	VERB
dem-14899	22	10	or	or	CCONJ
dem-14899	22	11	even	even	ADV
dem-14899	22	12	reject	reject	VERB
dem-14899	22	13	ppp	ppp	NOUN
dem-14899	22	14	hypothesis	hypothesis	NOUN
dem-14899	22	15	in	in	ADP
dem-14899	22	16	the	the	DET
dem-14899	22	17	short	short	ADJ
dem-14899	22	18	-	-	PUNCT
dem-14899	22	19	run	run	NOUN
dem-14899	22	20	(	(	PUNCT
dem-14899	22	21	arize	arize	NOUN
dem-14899	22	22	et	et	PROPN
dem-14899	22	23	al	al	PROPN
dem-14899	22	24	.	.	PROPN
dem-14899	22	25	,	,	PUNCT
dem-14899	22	26	2015	2015	NUM
dem-14899	22	27	)	)	PUNCT
dem-14899	22	28	,	,	PUNCT
dem-14899	22	29	for	for	SCONJ
dem-14899	22	30	the	the	DET
dem-14899	22	31	long	long	ADV
dem-14899	22	32	-	-	PUNCT
dem-14899	22	33	run	run	NOUN
dem-14899	22	34	results	result	NOUN
dem-14899	22	35	may	may	AUX
dem-14899	22	36	vary	vary	VERB
dem-14899	22	37	.	.	PUNCT
dem-14899	23	1	for	for	ADP
dem-14899	23	2	example	example	NOUN
dem-14899	23	3	chang	chang	PROPN
dem-14899	23	4	et	et	PROPN
dem-14899	23	5	al	al	PROPN
dem-14899	23	6	.	.	PROPN
dem-14899	24	1	(	(	PUNCT
dem-14899	24	2	2010	2010	NUM
dem-14899	24	3	)	)	PUNCT
dem-14899	24	4	,	,	PUNCT
dem-14899	24	5	wang	wang	PROPN
dem-14899	24	6	(	(	PUNCT
dem-14899	24	7	2000	2000	NUM
dem-14899	24	8	)	)	PUNCT
dem-14899	24	9	or	or	CCONJ
dem-14899	24	10	pappel	pappel	NOUN
dem-14899	24	11	(	(	PUNCT
dem-14899	24	12	1997	1997	NUM
dem-14899	24	13	)	)	PUNCT
dem-14899	24	14	reject	reject	VERB
dem-14899	24	15	long	long	ADJ
dem-14899	24	16	-	-	PUNCT
dem-14899	24	17	run	run	VERB
dem-14899	24	18	ppp	ppp	NOUN
dem-14899	24	19	,	,	PUNCT
dem-14899	24	20	while	while	SCONJ
dem-14899	24	21	arize	arize	VERB
dem-14899	24	22	et	et	PROPN
dem-14899	24	23	al	al	PROPN
dem-14899	24	24	.	.	PROPN
dem-14899	25	1	(	(	PUNCT
dem-14899	25	2	2004	2004	NUM
dem-14899	25	3	;	;	PUNCT
dem-14899	25	4	2015	2015	NUM
dem-14899	25	5	)	)	PUNCT
dem-14899	25	6	,	,	PUNCT
dem-14899	25	7	cheung	cheung	PROPN
dem-14899	25	8	et	et	PROPN
dem-14899	25	9	al	al	PROPN
dem-14899	25	10	.	.	PROPN
dem-14899	26	1	(	(	PUNCT
dem-14899	26	2	2004	2004	NUM
dem-14899	26	3	)	)	PUNCT
dem-14899	26	4	,	,	PUNCT
dem-14899	26	5	lothian	lothian	PROPN
dem-14899	26	6	&	&	CCONJ
dem-14899	26	7	taylor	taylor	PROPN
dem-14899	26	8	(	(	PUNCT
dem-14899	26	9	1996	1996	NUM
dem-14899	26	10	)	)	PUNCT
dem-14899	26	11	found	find	VERB
dem-14899	26	12	support	support	NOUN
dem-14899	26	13	for	for	ADP
dem-14899	26	14	ppp	ppp	NOUN
dem-14899	26	15	in	in	ADP
dem-14899	26	16	terms	term	NOUN
dem-14899	26	17	of	of	ADP
dem-14899	26	18	cointegrating	cointegrate	VERB
dem-14899	26	19	relationships	relationship	NOUN
dem-14899	26	20	or	or	CCONJ
dem-14899	26	21	real	real	ADJ
dem-14899	26	22	exchange	exchange	NOUN
dem-14899	26	23	rate	rate	NOUN
dem-14899	26	24	for	for	ADP
dem-14899	26	25	most	most	ADJ
dem-14899	26	26	of	of	ADP
dem-14899	26	27	their	their	PRON
dem-14899	26	28	samples	sample	NOUN
dem-14899	26	29	.	.	PUNCT
dem-14899	27	1	however	however	ADV
dem-14899	27	2	,	,	PUNCT
dem-14899	27	3	conclusion	conclusion	NOUN
dem-14899	27	4	from	from	ADP
dem-14899	27	5	most	most	ADJ
dem-14899	27	6	of	of	ADP
dem-14899	27	7	the	the	DET
dem-14899	27	8	existing	exist	VERB
dem-14899	27	9	research	research	NOUN
dem-14899	27	10	should	should	AUX
dem-14899	27	11	be	be	AUX
dem-14899	27	12	treated	treat	VERB
dem-14899	27	13	with	with	ADP
dem-14899	27	14	caution	caution	NOUN
dem-14899	27	15	due	due	ADP
dem-14899	27	16	to	to	ADP
dem-14899	27	17	its	its	PRON
dem-14899	27	18	methodological	methodological	ADJ
dem-14899	27	19	drawbacks	drawback	NOUN
dem-14899	27	20	(	(	PUNCT
dem-14899	27	21	for	for	ADP
dem-14899	27	22	discussion	discussion	NOUN
dem-14899	27	23	see	see	VERB
dem-14899	27	24	e.g.	e.g.	ADV
dem-14899	27	25	,	,	PUNCT
dem-14899	27	26	kelm	kelm	PROPN
dem-14899	27	27	,	,	PUNCT
dem-14899	27	28	2013	2013	NUM
dem-14899	27	29	,	,	PUNCT
dem-14899	27	30	pp	pp	ADJ
dem-14899	27	31	.	.	PUNCT
dem-14899	27	32	58–67	58–67	NUM
dem-14899	27	33	)	)	PUNCT
dem-14899	27	34	.	.	PUNCT
dem-14899	28	1	among	among	ADP
dem-14899	28	2	ppp	ppp	PROPN
dem-14899	28	3	studies	study	NOUN
dem-14899	28	4	,	,	PUNCT
dem-14899	28	5	positive	positive	ADJ
dem-14899	28	6	results	result	NOUN
dem-14899	28	7	are	be	AUX
dem-14899	28	8	reported	report	VERB
dem-14899	28	9	quite	quite	ADV
dem-14899	28	10	frequently	frequently	ADV
dem-14899	28	11	,	,	PUNCT
dem-14899	28	12	when	when	SCONJ
dem-14899	28	13	the	the	DET
dem-14899	28	14	smooth	smooth	ADJ
dem-14899	28	15	transition	transition	NOUN
dem-14899	28	16	(	(	PUNCT
dem-14899	28	17	str	str	NOUN
dem-14899	28	18	)	)	PUNCT
dem-14899	28	19	approach	approach	NOUN
dem-14899	28	20	is	be	AUX
dem-14899	28	21	utilized	utilize	VERB
dem-14899	28	22	,	,	PUNCT
dem-14899	28	23	either	either	ADV
dem-14899	28	24	to	to	PART
dem-14899	28	25	test	test	VERB
dem-14899	28	26	stationarity	stationarity	NOUN
dem-14899	28	27	of	of	ADP
dem-14899	28	28	the	the	DET
dem-14899	28	29	real	real	ADJ
dem-14899	28	30	exchange	exchange	NOUN
dem-14899	28	31	rate	rate	NOUN
dem-14899	28	32	(	(	PUNCT
dem-14899	28	33	e.g.	e.g.	ADV
dem-14899	28	34	kapetanios	kapetanio	NOUN
dem-14899	28	35	et	et	PROPN
dem-14899	28	36	al	al	PROPN
dem-14899	28	37	.	.	PROPN
dem-14899	28	38	,	,	PUNCT
dem-14899	28	39	2003	2003	NUM
dem-14899	28	40	;	;	PUNCT
dem-14899	28	41	sollis	solli	NOUN
dem-14899	28	42	,	,	PUNCT
dem-14899	28	43	2009	2009	NUM
dem-14899	28	44	;	;	PUNCT
dem-14899	28	45	mcmillan	mcmillan	NOUN
dem-14899	28	46	,	,	PUNCT
dem-14899	28	47	2009	2009	NUM
dem-14899	28	48	;	;	PUNCT
dem-14899	28	49	kelm	kelm	PROPN
dem-14899	28	50	,	,	PUNCT
dem-14899	28	51	2013	2013	NUM
dem-14899	28	52	)	)	PUNCT
dem-14899	28	53	or	or	CCONJ
dem-14899	28	54	to	to	PART
dem-14899	28	55	verify	verify	VERB
dem-14899	28	56	cointegration	cointegration	NOUN
dem-14899	28	57	relationship	relationship	NOUN
dem-14899	28	58	(	(	PUNCT
dem-14899	28	59	e.g.	e.g.	ADV
dem-14899	28	60	gefang	gefang	PROPN
dem-14899	28	61	,	,	PUNCT
dem-14899	28	62	2008	2008	NUM
dem-14899	28	63	)	)	PUNCT
dem-14899	28	64	.	.	PUNCT
dem-14899	29	1	the	the	DET
dem-14899	29	2	aim	aim	NOUN
dem-14899	29	3	of	of	ADP
dem-14899	29	4	this	this	DET
dem-14899	29	5	study	study	NOUN
dem-14899	29	6	is	be	AUX
dem-14899	29	7	to	to	PART
dem-14899	29	8	utilize	utilize	VERB
dem-14899	29	9	str	str	NOUN
dem-14899	29	10	cointegration	cointegration	NOUN
dem-14899	29	11	framework	framework	NOUN
dem-14899	29	12	to	to	PART
dem-14899	29	13	investigate	investigate	VERB
dem-14899	29	14	ppp	ppp	NOUN
dem-14899	29	15	hypothesis	hypothesis	NOUN
dem-14899	29	16	.	.	PUNCT
dem-14899	30	1	the	the	DET
dem-14899	30	2	research	research	NOUN
dem-14899	30	3	is	be	AUX
dem-14899	30	4	conducted	conduct	VERB
dem-14899	30	5	for	for	ADP
dem-14899	30	6	eur	eur	PROPN
dem-14899	30	7	/	/	SYM
dem-14899	30	8	pln	pln	PROPN
dem-14899	30	9	exchange	exchange	NOUN
dem-14899	30	10	rate	rate	NOUN
dem-14899	30	11	as	as	ADP
dem-14899	30	12	an	an	DET
dem-14899	30	13	interesting	interesting	ADJ
dem-14899	30	14	example	example	NOUN
dem-14899	30	15	of	of	ADP
dem-14899	30	16	emerging	emerge	VERB
dem-14899	30	17	market	market	NOUN
dem-14899	30	18	currency	currency	NOUN
dem-14899	30	19	.	.	PUNCT
dem-14899	31	1	the	the	DET
dem-14899	31	2	methodology	methodology	NOUN
dem-14899	31	3	of	of	ADP
dem-14899	31	4	this	this	DET
dem-14899	31	5	research	research	NOUN
dem-14899	31	6	is	be	AUX
dem-14899	31	7	motivated	motivate	VERB
dem-14899	31	8	by	by	ADP
dem-14899	31	9	the	the	DET
dem-14899	31	10	work	work	NOUN
dem-14899	31	11	of	of	ADP
dem-14899	31	12	gefang	gefang	PROPN
dem-14899	31	13	(	(	PUNCT
dem-14899	31	14	2008	2008	NUM
dem-14899	31	15	)	)	PUNCT
dem-14899	31	16	,	,	PUNCT
dem-14899	31	17	though	though	SCONJ
dem-14899	31	18	the	the	DET
dem-14899	31	19	paper	paper	NOUN
dem-14899	31	20	includes	include	VERB
dem-14899	31	21	a	a	DET
dem-14899	31	22	number	number	NOUN
dem-14899	31	23	of	of	ADP
dem-14899	31	24	extensions	extension	NOUN
dem-14899	31	25	.	.	PUNCT
dem-14899	32	1	firstly	firstly	ADV
dem-14899	32	2	,	,	PUNCT
dem-14899	32	3	we	we	PRON
dem-14899	32	4	allow	allow	VERB
dem-14899	32	5	for	for	ADP
dem-14899	32	6	str	str	NOUN
dem-14899	32	7	mechanism	mechanism	NOUN
dem-14899	32	8	separately	separately	ADV
dem-14899	32	9	in	in	ADP
dem-14899	32	10	selected	select	VERB
dem-14899	32	11	components	component	NOUN
dem-14899	32	12	of	of	ADP
dem-14899	32	13	the	the	DET
dem-14899	32	14	vecm	vecm	NOUN
dem-14899	32	15	model	model	NOUN
dem-14899	32	16	.	.	PUNCT
dem-14899	33	1	this	this	PRON
dem-14899	33	2	gives	give	VERB
dem-14899	33	3	opportunity	opportunity	NOUN
dem-14899	33	4	to	to	PART
dem-14899	33	5	find	find	VERB
dem-14899	33	6	optimal	optimal	ADJ
dem-14899	33	7	specification	specification	NOUN
dem-14899	33	8	,	,	PUNCT
dem-14899	33	9	preferably	preferably	ADV
dem-14899	33	10	linking	link	VERB
dem-14899	33	11	parsimony	parsimony	NOUN
dem-14899	33	12	of	of	ADP
dem-14899	33	13	parametrization	parametrization	NOUN
dem-14899	33	14	and	and	CCONJ
dem-14899	33	15	good	good	ADJ
dem-14899	33	16	explanatory	explanatory	ADJ
dem-14899	33	17	power	power	NOUN
dem-14899	33	18	.	.	PUNCT
dem-14899	34	1	furthermore	furthermore	ADV
dem-14899	34	2	,	,	PUNCT
dem-14899	34	3	in	in	ADP
dem-14899	34	4	this	this	DET
dem-14899	34	5	research	research	NOUN
dem-14899	34	6	strong	strong	ADJ
dem-14899	34	7	-	-	PUNCT
dem-14899	34	8	form	form	NOUN
dem-14899	34	9	ppp	ppp	NOUN
dem-14899	34	10	is	be	AUX
dem-14899	34	11	considered	consider	VERB
dem-14899	34	12	,	,	PUNCT
dem-14899	34	13	while	while	SCONJ
dem-14899	34	14	gefang	gefang	PROPN
dem-14899	34	15	(	(	PUNCT
dem-14899	34	16	2008	2008	NUM
dem-14899	34	17	)	)	PUNCT
dem-14899	34	18	investigated	investigate	VERB
dem-14899	34	19	only	only	ADV
dem-14899	34	20	weakform	weakform	NOUN
dem-14899	34	21	ppp	ppp	NOUN
dem-14899	34	22	.	.	PUNCT
dem-14899	35	1	moreover	moreover	ADV
dem-14899	35	2	,	,	PUNCT
dem-14899	35	3	we	we	PRON
dem-14899	35	4	conduct	conduct	VERB
dem-14899	35	5	in	in	ADP
dem-14899	35	6	-	-	PUNCT
dem-14899	35	7	sample	sample	NOUN
dem-14899	35	8	and	and	CCONJ
dem-14899	35	9	out	out	ADP
dem-14899	35	10	-	-	PUNCT
dem-14899	35	11	of	of	ADP
dem-14899	35	12	-	-	PUNCT
dem-14899	35	13	sample	sample	NOUN
dem-14899	35	14	analysis	analysis	NOUN
dem-14899	35	15	.	.	PUNCT
dem-14899	36	1	the	the	DET
dem-14899	36	2	research	research	NOUN
dem-14899	36	3	sample	sample	NOUN
dem-14899	36	4	covers	cover	VERB
dem-14899	36	5	the	the	DET
dem-14899	36	6	period	period	NOUN
dem-14899	36	7	between	between	ADP
dem-14899	36	8	january	january	PROPN
dem-14899	36	9	1999	1999	NUM
dem-14899	36	10	and	and	CCONJ
dem-14899	36	11	february	february	PROPN
dem-14899	36	12	2016	2016	NUM
dem-14899	36	13	,	,	PUNCT
dem-14899	36	14	while	while	SCONJ
dem-14899	36	15	out	out	ADP
dem-14899	36	16	of	of	ADP
dem-14899	36	17	sample	sample	NOUN
dem-14899	36	18	forecasts	forecast	NOUN
dem-14899	36	19	are	be	AUX
dem-14899	36	20	tested	test	VERB
dem-14899	36	21	until	until	ADP
dem-14899	36	22	february	february	PROPN
dem-14899	36	23	2017	2017	NUM
dem-14899	36	24	.	.	PUNCT
dem-14899	37	1	on	on	ADP
dem-14899	37	2	the	the	DET
dem-14899	37	3	one	one	NUM
dem-14899	37	4	hand	hand	NOUN
dem-14899	37	5	,	,	PUNCT
dem-14899	37	6	it	it	PRON
dem-14899	37	7	takes	take	VERB
dem-14899	37	8	into	into	ADP
dem-14899	37	9	account	account	NOUN
dem-14899	37	10	only	only	ADV
dem-14899	37	11	period	period	NOUN
dem-14899	37	12	with	with	ADP
dem-14899	37	13	one	one	NUM
dem-14899	37	14	exchange	exchange	NOUN
dem-14899	37	15	rate	rate	NOUN
dem-14899	37	16	regime	regime	NOUN
dem-14899	37	17	,	,	PUNCT
dem-14899	37	18	while	while	SCONJ
dem-14899	37	19	on	on	ADP
dem-14899	37	20	the	the	DET
dem-14899	37	21	other	other	ADJ
dem-14899	37	22	hand	hand	NOUN
dem-14899	37	23	it	it	PRON
dem-14899	37	24	has	have	VERB
dem-14899	37	25	heterogeneous	heterogeneous	ADJ
dem-14899	37	26	features	feature	NOUN
dem-14899	37	27	as	as	ADP
dem-14899	37	28	in	in	ADP
dem-14899	37	29	this	this	DET
dem-14899	37	30	period	period	NOUN
dem-14899	37	31	forecasting	forecast	VERB
dem-14899	37	32	eur	eur	PROPN
dem-14899	37	33	/	/	SYM
dem-14899	37	34	pln	pln	PROPN
dem-14899	37	35	exchange	exchange	PROPN
dem-14899	37	36	rate	rate	NOUN
dem-14899	37	37	:	:	PUNCT
dem-14899	37	38	the	the	DET
dem-14899	37	39	role	role	NOUN
dem-14899	37	40	of	of	ADP
dem-14899	37	41	purchasing	purchase	VERB
dem-14899	37	42	power	power	NOUN
dem-14899	37	43	parity	parity	NOUN
dem-14899	37	44	…	…	SYM
dem-14899	37	45	dynamic	dynamic	ADJ
dem-14899	37	46	econometric	econometric	ADJ
dem-14899	37	47	models	model	NOUN
dem-14899	37	48	17	17	NUM
dem-14899	37	49	(	(	PUNCT
dem-14899	37	50	2017	2017	NUM
dem-14899	37	51	)	)	PUNCT
dem-14899	37	52	97–114	97–114	NUM
dem-14899	37	53	99	99	NUM
dem-14899	37	54	poland	poland	NOUN
dem-14899	37	55	accessed	access	VERB
dem-14899	37	56	to	to	ADP
dem-14899	37	57	european	european	PROPN
dem-14899	37	58	union	union	PROPN
dem-14899	37	59	,	,	PUNCT
dem-14899	37	60	and	and	CCONJ
dem-14899	37	61	global	global	ADJ
dem-14899	37	62	financial	financial	ADJ
dem-14899	37	63	crisis	crisis	NOUN
dem-14899	37	64	as	as	ADV
dem-14899	37	65	well	well	ADV
dem-14899	37	66	as	as	ADP
dem-14899	37	67	euro	euro	NOUN
dem-14899	37	68	area	area	NOUN
dem-14899	37	69	sovereign	sovereign	ADJ
dem-14899	37	70	debt	debt	NOUN
dem-14899	37	71	crisis	crisis	NOUN
dem-14899	37	72	took	take	VERB
dem-14899	37	73	place	place	NOUN
dem-14899	37	74	.	.	PUNCT
dem-14899	38	1	the	the	DET
dem-14899	38	2	article	article	NOUN
dem-14899	38	3	is	be	AUX
dem-14899	38	4	organized	organize	VERB
dem-14899	38	5	as	as	SCONJ
dem-14899	38	6	follows	follow	VERB
dem-14899	38	7	.	.	PUNCT
dem-14899	39	1	firstly	firstly	ADV
dem-14899	39	2	,	,	PUNCT
dem-14899	39	3	we	we	PRON
dem-14899	39	4	provide	provide	VERB
dem-14899	39	5	a	a	DET
dem-14899	39	6	brief	brief	ADJ
dem-14899	39	7	summary	summary	NOUN
dem-14899	39	8	of	of	ADP
dem-14899	39	9	ppp	ppp	PROPN
dem-14899	39	10	theory	theory	NOUN
dem-14899	39	11	,	,	PUNCT
dem-14899	39	12	methods	method	NOUN
dem-14899	39	13	of	of	ADP
dem-14899	39	14	its	its	PRON
dem-14899	39	15	verification	verification	NOUN
dem-14899	39	16	and	and	CCONJ
dem-14899	39	17	existing	exist	VERB
dem-14899	39	18	empirical	empirical	ADJ
dem-14899	39	19	literature	literature	NOUN
dem-14899	39	20	.	.	PUNCT
dem-14899	40	1	in	in	ADP
dem-14899	40	2	section	section	NOUN
dem-14899	40	3	3	3	NUM
dem-14899	40	4	we	we	PRON
dem-14899	40	5	introduce	introduce	VERB
dem-14899	40	6	the	the	DET
dem-14899	40	7	models	model	NOUN
dem-14899	40	8	used	use	VERB
dem-14899	40	9	here	here	ADV
dem-14899	40	10	,	,	PUNCT
dem-14899	40	11	while	while	SCONJ
dem-14899	40	12	section	section	NOUN
dem-14899	40	13	4	4	NUM
dem-14899	40	14	contains	contain	VERB
dem-14899	40	15	empirical	empirical	ADJ
dem-14899	40	16	comparison	comparison	NOUN
dem-14899	40	17	of	of	ADP
dem-14899	40	18	different	different	ADJ
dem-14899	40	19	models	model	NOUN
dem-14899	40	20	in	in	ADP
dem-14899	40	21	terms	term	NOUN
dem-14899	40	22	of	of	ADP
dem-14899	40	23	model	model	NOUN
dem-14899	40	24	fit	fit	ADJ
dem-14899	40	25	and	and	CCONJ
dem-14899	40	26	out	out	ADP
dem-14899	40	27	of	of	ADP
dem-14899	40	28	sample	sample	NOUN
dem-14899	40	29	forecast	forecast	NOUN
dem-14899	40	30	performance	performance	NOUN
dem-14899	40	31	.	.	PUNCT
dem-14899	41	1	2	2	X
dem-14899	41	2	.	.	X
dem-14899	41	3	purchasing	purchase	VERB
dem-14899	41	4	power	power	NOUN
dem-14899	41	5	parity	parity	NOUN
dem-14899	41	6	–	–	PUNCT
dem-14899	41	7	general	general	ADJ
dem-14899	41	8	concept	concept	NOUN
dem-14899	41	9	and	and	CCONJ
dem-14899	41	10	empirical	empirical	ADJ
dem-14899	41	11	importance	importance	NOUN
dem-14899	41	12	the	the	DET
dem-14899	41	13	ppp	ppp	NOUN
dem-14899	41	14	theory	theory	NOUN
dem-14899	41	15	in	in	ADP
dem-14899	41	16	all	all	DET
dem-14899	41	17	variants	variant	NOUN
dem-14899	41	18	is	be	AUX
dem-14899	41	19	rooted	root	VERB
dem-14899	41	20	in	in	ADP
dem-14899	41	21	the	the	DET
dem-14899	41	22	“	"	PUNCT
dem-14899	41	23	law	law	NOUN
dem-14899	41	24	of	of	ADP
dem-14899	41	25	the	the	DET
dem-14899	41	26	one	one	NUM
dem-14899	41	27	price	price	NOUN
dem-14899	41	28	”	"	PUNCT
dem-14899	41	29	(	(	PUNCT
dem-14899	41	30	lop	lop	NOUN
dem-14899	41	31	)	)	PUNCT
dem-14899	41	32	.	.	PUNCT
dem-14899	42	1	it	it	PRON
dem-14899	42	2	states	state	VERB
dem-14899	42	3	that	that	SCONJ
dem-14899	42	4	for	for	ADP
dem-14899	42	5	any	any	DET
dem-14899	42	6	good	good	ADJ
dem-14899	43	1	i	i	PRON
dem-14899	43	2	:	:	PUNCT
dem-14899	43	3	(	(	PUNCT
dem-14899	43	4	1	1	X
dem-14899	43	5	)	)	PUNCT
dem-14899	43	6	where	where	SCONJ
dem-14899	43	7	is	be	AUX
dem-14899	43	8	the	the	DET
dem-14899	43	9	domestic	domestic	ADJ
dem-14899	43	10	-	-	PUNCT
dem-14899	43	11	currency	currency	NOUN
dem-14899	43	12	price	price	NOUN
dem-14899	43	13	of	of	ADP
dem-14899	43	14	good	good	ADJ
dem-14899	43	15	i	i	PRON
dem-14899	43	16	at	at	ADP
dem-14899	43	17	time	time	NOUN
dem-14899	43	18	t	t	PROPN
dem-14899	43	19	,	,	PUNCT
dem-14899	43	20	is	be	AUX
dem-14899	43	21	the	the	DET
dem-14899	43	22	foreign	foreign	ADJ
dem-14899	43	23	currency	currency	NOUN
dem-14899	43	24	price	price	NOUN
dem-14899	43	25	of	of	ADP
dem-14899	43	26	good	good	ADJ
dem-14899	43	27	i	i	PRON
dem-14899	43	28	at	at	ADP
dem-14899	43	29	time	time	NOUN
dem-14899	43	30	t	t	PROPN
dem-14899	43	31	and	and	CCONJ
dem-14899	43	32	is	be	AUX
dem-14899	43	33	the	the	DET
dem-14899	43	34	equilibrium	equilibrium	NOUN
dem-14899	43	35	exchange	exchange	NOUN
dem-14899	43	36	rate	rate	NOUN
dem-14899	43	37	at	at	ADP
dem-14899	43	38	time	time	NOUN
dem-14899	43	39	t	t	PROPN
dem-14899	43	40	,	,	PUNCT
dem-14899	43	41	defined	define	VERB
dem-14899	43	42	as	as	ADP
dem-14899	43	43	home	home	NOUN
dem-14899	43	44	price	price	NOUN
dem-14899	43	45	of	of	ADP
dem-14899	43	46	foreign	foreign	ADJ
dem-14899	43	47	currency	currency	NOUN
dem-14899	43	48	.	.	PUNCT
dem-14899	44	1	the	the	DET
dem-14899	44	2	relationship	relationship	NOUN
dem-14899	44	3	(	(	PUNCT
dem-14899	44	4	1	1	X
dem-14899	44	5	)	)	PUNCT
dem-14899	44	6	could	could	AUX
dem-14899	44	7	be	be	AUX
dem-14899	44	8	expressed	express	VERB
dem-14899	44	9	also	also	ADV
dem-14899	44	10	for	for	ADP
dem-14899	44	11	price	price	NOUN
dem-14899	44	12	indices	index	NOUN
dem-14899	44	13	:	:	PUNCT
dem-14899	44	14	(	(	PUNCT
dem-14899	44	15	2	2	X
dem-14899	44	16	)	)	PUNCT
dem-14899	44	17	where	where	SCONJ
dem-14899	44	18	is	be	AUX
dem-14899	44	19	the	the	DET
dem-14899	44	20	weight	weight	NOUN
dem-14899	44	21	of	of	ADP
dem-14899	44	22	price	price	NOUN
dem-14899	44	23	of	of	ADP
dem-14899	44	24	good	good	ADJ
dem-14899	44	25	i	i	PRON
dem-14899	44	26	in	in	ADP
dem-14899	44	27	domestic	domestic	ADJ
dem-14899	44	28	and	and	CCONJ
dem-14899	44	29	foreign	foreign	ADJ
dem-14899	44	30	price	price	NOUN
dem-14899	44	31	indices	index	NOUN
dem-14899	44	32	and	and	CCONJ
dem-14899	44	33	n	n	PRON
dem-14899	44	34	denotes	denote	VERB
dem-14899	44	35	the	the	DET
dem-14899	44	36	number	number	NOUN
dem-14899	44	37	of	of	ADP
dem-14899	44	38	goods	good	NOUN
dem-14899	44	39	in	in	ADP
dem-14899	44	40	domestic	domestic	ADJ
dem-14899	44	41	and	and	CCONJ
dem-14899	44	42	foreign	foreign	ADJ
dem-14899	44	43	price	price	NOUN
dem-14899	44	44	indices	index	NOUN
dem-14899	44	45	.	.	PUNCT
dem-14899	45	1	deviations	deviation	NOUN
dem-14899	45	2	from	from	ADP
dem-14899	45	3	lop	lop	NOUN
dem-14899	45	4	for	for	ADP
dem-14899	45	5	one	one	NUM
dem-14899	45	6	item	item	NOUN
dem-14899	45	7	does	do	AUX
dem-14899	45	8	not	not	PART
dem-14899	45	9	mean	mean	VERB
dem-14899	45	10	deviation	deviation	NOUN
dem-14899	45	11	from	from	ADP
dem-14899	45	12	lop	lop	NOUN
dem-14899	45	13	for	for	ADP
dem-14899	45	14	the	the	DET
dem-14899	45	15	whole	whole	ADJ
dem-14899	45	16	price	price	NOUN
dem-14899	45	17	index	index	NOUN
dem-14899	45	18	,	,	PUNCT
dem-14899	45	19	as	as	SCONJ
dem-14899	45	20	aggregations	aggregation	NOUN
dem-14899	45	21	and	and	CCONJ
dem-14899	45	22	weighing	weighing	NOUN
dem-14899	45	23	may	may	AUX
dem-14899	45	24	compensate	compensate	VERB
dem-14899	45	25	impact	impact	NOUN
dem-14899	45	26	of	of	ADP
dem-14899	45	27	this	this	DET
dem-14899	45	28	breaches	breach	NOUN
dem-14899	45	29	;	;	PUNCT
dem-14899	45	30	see	see	VERB
dem-14899	45	31	wdowiński	wdowiński	PROPN
dem-14899	45	32	(	(	PUNCT
dem-14899	45	33	2010	2010	NUM
dem-14899	45	34	)	)	PUNCT
dem-14899	45	35	.	.	PUNCT
dem-14899	46	1	thus	thus	ADV
dem-14899	46	2	the	the	DET
dem-14899	46	3	strong	strong	ADJ
dem-14899	46	4	(	(	PUNCT
dem-14899	46	5	or	or	CCONJ
dem-14899	46	6	strict	strict	ADJ
dem-14899	46	7	)	)	PUNCT
dem-14899	46	8	form	form	NOUN
dem-14899	46	9	of	of	ADP
dem-14899	46	10	ppp	ppp	PROPN
dem-14899	46	11	1	1	NUM
dem-14899	46	12	states	state	NOUN
dem-14899	46	13	:	:	PUNCT
dem-14899	46	14	(	(	PUNCT
dem-14899	46	15	3	3	X
dem-14899	46	16	)	)	PUNCT
dem-14899	46	17	or	or	CCONJ
dem-14899	46	18	,	,	PUNCT
dem-14899	46	19	in	in	ADP
dem-14899	46	20	the	the	DET
dem-14899	46	21	log	log	NOUN
dem-14899	46	22	-	-	PUNCT
dem-14899	46	23	linear	linear	NOUN
dem-14899	46	24	form	form	NOUN
dem-14899	46	25	:	:	PUNCT
dem-14899	46	26	.	.	PUNCT
dem-14899	47	1	(	(	PUNCT
dem-14899	47	2	4	4	X
dem-14899	47	3	)	)	PUNCT
dem-14899	47	4	hence	hence	ADV
dem-14899	47	5	,	,	PUNCT
dem-14899	47	6	the	the	DET
dem-14899	47	7	real	real	ADJ
dem-14899	47	8	exchange	exchange	NOUN
dem-14899	47	9	rate	rate	NOUN
dem-14899	47	10	q	q	NOUN
dem-14899	47	11	can	can	AUX
dem-14899	47	12	be	be	AUX
dem-14899	47	13	written	write	VERB
dem-14899	47	14	as	as	ADP
dem-14899	47	15	:	:	PUNCT
dem-14899	47	16	,	,	PUNCT
dem-14899	47	17	(	(	PUNCT
dem-14899	47	18	5	5	X
dem-14899	47	19	)	)	PUNCT
dem-14899	47	20	where	where	SCONJ
dem-14899	47	21	is	be	AUX
dem-14899	47	22	a	a	DET
dem-14899	47	23	constant	constant	ADJ
dem-14899	47	24	value	value	NOUN
dem-14899	47	25	.	.	PUNCT
dem-14899	48	1	empirical	empirical	ADJ
dem-14899	48	2	testing	testing	NOUN
dem-14899	48	3	of	of	ADP
dem-14899	48	4	existence	existence	NOUN
dem-14899	48	5	of	of	ADP
dem-14899	48	6	the	the	DET
dem-14899	48	7	strict	strict	ADJ
dem-14899	48	8	ppp	ppp	NOUN
dem-14899	48	9	and	and	CCONJ
dem-14899	48	10	law	law	NOUN
dem-14899	48	11	of	of	ADP
dem-14899	48	12	the	the	DET
dem-14899	48	13	one	one	NUM
dem-14899	48	14	price	price	NOUN
dem-14899	48	15	is	be	AUX
dem-14899	48	16	based	base	VERB
dem-14899	48	17	on	on	ADP
dem-14899	48	18	assumptions	assumption	NOUN
dem-14899	48	19	that	that	SCONJ
dem-14899	48	20	market	market	NOUN
dem-14899	48	21	works	work	VERB
dem-14899	48	22	perfectly	perfectly	ADV
dem-14899	48	23	and	and	CCONJ
dem-14899	48	24	any	any	DET
dem-14899	48	25	deviations	deviation	NOUN
dem-14899	48	26	from	from	ADP
dem-14899	48	27	1	1	NUM
dem-14899	48	28	alternatively	alternatively	ADV
dem-14899	48	29	,	,	PUNCT
dem-14899	48	30	ppp	ppp	NOUN
dem-14899	48	31	models	model	NOUN
dem-14899	48	32	could	could	AUX
dem-14899	48	33	be	be	AUX
dem-14899	48	34	distinguished	distinguish	VERB
dem-14899	48	35	between	between	ADP
dem-14899	48	36	satisfying	satisfying	NOUN
dem-14899	48	37	and	and	CCONJ
dem-14899	48	38	non	non	ADJ
dem-14899	48	39	-	-	ADJ
dem-14899	48	40	satisfying	satisfy	VERB
dem-14899	48	41	the	the	DET
dem-14899	48	42	long	long	ADJ
dem-14899	48	43	-	-	PUNCT
dem-14899	48	44	term	term	NOUN
dem-14899	48	45	homogeneity	homogeneity	NOUN
dem-14899	48	46	restriction	restriction	NOUN
dem-14899	48	47	.	.	PUNCT
dem-14899	49	1	adrian	adrian	PROPN
dem-14899	49	2	burda	burda	PROPN
dem-14899	49	3	,	,	PUNCT
dem-14899	49	4	błażej	błażej	PROPN
dem-14899	49	5	mazur	mazur	NOUN
dem-14899	49	6	,	,	PUNCT
dem-14899	49	7	mateusz	mateusz	PROPN
dem-14899	49	8	pipień	pipień	NOUN
dem-14899	49	9	dynamic	dynamic	ADJ
dem-14899	49	10	econometric	econometric	ADJ
dem-14899	49	11	models	model	NOUN
dem-14899	49	12	17	17	NUM
dem-14899	49	13	(	(	PUNCT
dem-14899	49	14	2017	2017	NUM
dem-14899	49	15	)	)	PUNCT
dem-14899	49	16	97–114	97–114	NUM
dem-14899	49	17	100	100	NUM
dem-14899	49	18	the	the	DET
dem-14899	49	19	aforementioned	aforementioned	ADJ
dem-14899	49	20	relationships	relationship	NOUN
dem-14899	49	21	(	(	PUNCT
dem-14899	49	22	4	4	NUM
dem-14899	49	23	)	)	PUNCT
dem-14899	49	24	or	or	CCONJ
dem-14899	49	25	(	(	PUNCT
dem-14899	49	26	5	5	X
dem-14899	49	27	)	)	PUNCT
dem-14899	49	28	are	be	AUX
dem-14899	49	29	not	not	PART
dem-14899	49	30	persistent	persistent	ADJ
dem-14899	49	31	.	.	PUNCT
dem-14899	50	1	thus	thus	ADV
dem-14899	50	2	two	two	NUM
dem-14899	50	3	empirical	empirical	ADJ
dem-14899	50	4	strategies	strategy	NOUN
dem-14899	50	5	could	could	AUX
dem-14899	50	6	be	be	AUX
dem-14899	50	7	applied	apply	VERB
dem-14899	50	8	.	.	PUNCT
dem-14899	51	1	in	in	ADP
dem-14899	51	2	the	the	DET
dem-14899	51	3	first	first	ADJ
dem-14899	51	4	one	one	NUM
dem-14899	51	5	,	,	PUNCT
dem-14899	51	6	testing	testing	NOUN
dem-14899	51	7	of	of	ADP
dem-14899	51	8	unit	unit	NOUN
dem-14899	51	9	root	root	NOUN
dem-14899	51	10	for	for	ADP
dem-14899	51	11	the	the	DET
dem-14899	51	12	logarithm	logarithm	NOUN
dem-14899	51	13	of	of	ADP
dem-14899	51	14	the	the	DET
dem-14899	51	15	exchange	exchange	NOUN
dem-14899	51	16	rate	rate	NOUN
dem-14899	51	17	is	be	AUX
dem-14899	51	18	utilized	utilize	VERB
dem-14899	51	19	.	.	PUNCT
dem-14899	52	1	stationarity	stationarity	NOUN
dem-14899	52	2	of	of	ADP
dem-14899	52	3	the	the	DET
dem-14899	52	4	real	real	ADJ
dem-14899	52	5	exchange	exchange	NOUN
dem-14899	52	6	rate	rate	NOUN
dem-14899	52	7	is	be	AUX
dem-14899	52	8	interpreted	interpret	VERB
dem-14899	52	9	as	as	ADP
dem-14899	52	10	empirical	empirical	ADJ
dem-14899	52	11	support	support	NOUN
dem-14899	52	12	of	of	ADP
dem-14899	52	13	existence	existence	NOUN
dem-14899	52	14	of	of	ADP
dem-14899	52	15	the	the	DET
dem-14899	52	16	strong	strong	ADJ
dem-14899	52	17	-	-	PUNCT
dem-14899	52	18	form	form	NOUN
dem-14899	52	19	of	of	ADP
dem-14899	52	20	ppp	ppp	NOUN
dem-14899	52	21	.	.	PUNCT
dem-14899	53	1	the	the	DET
dem-14899	53	2	second	second	ADJ
dem-14899	53	3	approach	approach	NOUN
dem-14899	53	4	bases	basis	NOUN
dem-14899	53	5	on	on	ADP
dem-14899	53	6	estimation	estimation	NOUN
dem-14899	53	7	of	of	ADP
dem-14899	53	8	the	the	DET
dem-14899	53	9	following	follow	VERB
dem-14899	53	10	long	long	ADJ
dem-14899	53	11	run	run	NOUN
dem-14899	53	12	equation	equation	NOUN
dem-14899	53	13	:	:	PUNCT
dem-14899	53	14	,	,	PUNCT
dem-14899	53	15	(	(	PUNCT
dem-14899	53	16	6	6	NUM
dem-14899	53	17	)	)	PUNCT
dem-14899	53	18	where	where	SCONJ
dem-14899	53	19	is	be	AUX
dem-14899	53	20	a	a	DET
dem-14899	53	21	stationary	stationary	ADJ
dem-14899	53	22	error	error	NOUN
dem-14899	53	23	term	term	NOUN
dem-14899	53	24	and	and	CCONJ
dem-14899	53	25	restriction	restriction	NOUN
dem-14899	53	26	is	be	AUX
dem-14899	53	27	subject	subject	ADJ
dem-14899	53	28	to	to	ADP
dem-14899	53	29	analysis	analysis	NOUN
dem-14899	53	30	.	.	PUNCT
dem-14899	54	1	economic	economic	ADJ
dem-14899	54	2	assumptions	assumption	NOUN
dem-14899	54	3	that	that	PRON
dem-14899	54	4	guarantee	guarantee	VERB
dem-14899	54	5	the	the	DET
dem-14899	54	6	existence	existence	NOUN
dem-14899	54	7	of	of	ADP
dem-14899	54	8	the	the	DET
dem-14899	54	9	strong	strong	ADJ
dem-14899	54	10	-	-	PUNCT
dem-14899	54	11	form	form	NOUN
dem-14899	54	12	of	of	ADP
dem-14899	54	13	ppp	ppp	NOUN
dem-14899	54	14	are	be	AUX
dem-14899	54	15	rather	rather	ADV
dem-14899	54	16	restrictive	restrictive	ADJ
dem-14899	54	17	.	.	PUNCT
dem-14899	55	1	for	for	ADP
dem-14899	55	2	instance	instance	NOUN
dem-14899	55	3	,	,	PUNCT
dem-14899	55	4	on	on	SCONJ
dem-14899	55	5	has	have	VERB
dem-14899	55	6	to	to	PART
dem-14899	55	7	assume	assume	VERB
dem-14899	55	8	costless	costless	ADJ
dem-14899	55	9	spatial	spatial	ADJ
dem-14899	55	10	arbitrage	arbitrage	NOUN
dem-14899	55	11	(	(	PUNCT
dem-14899	55	12	e.g.	e.g.	ADV
dem-14899	55	13	no	no	DET
dem-14899	55	14	quotas	quota	NOUN
dem-14899	55	15	,	,	PUNCT
dem-14899	55	16	import	import	NOUN
dem-14899	55	17	tariffs	tariff	NOUN
dem-14899	55	18	,	,	PUNCT
dem-14899	55	19	transportation	transportation	NOUN
dem-14899	55	20	costs	cost	NOUN
dem-14899	55	21	)	)	PUNCT
dem-14899	55	22	,	,	PUNCT
dem-14899	55	23	no	no	DET
dem-14899	55	24	measurement	measurement	NOUN
dem-14899	55	25	errors	error	NOUN
dem-14899	55	26	,	,	PUNCT
dem-14899	55	27	or	or	CCONJ
dem-14899	55	28	information	information	NOUN
dem-14899	55	29	costs	cost	NOUN
dem-14899	55	30	(	(	PUNCT
dem-14899	55	31	arize	arize	VERB
dem-14899	55	32	et	et	PROPN
dem-14899	55	33	al	al	PROPN
dem-14899	55	34	.	.	PROPN
dem-14899	55	35	,	,	PUNCT
dem-14899	55	36	2015	2015	NUM
dem-14899	55	37	)	)	PUNCT
dem-14899	55	38	,	,	PUNCT
dem-14899	55	39	which	which	PRON
dem-14899	55	40	implicitly	implicitly	ADV
dem-14899	55	41	is	be	AUX
dem-14899	55	42	equivalent	equivalent	ADJ
dem-14899	55	43	to	to	ADP
dem-14899	55	44	existence	existence	NOUN
dem-14899	55	45	of	of	ADP
dem-14899	55	46	rational	rational	ADJ
dem-14899	55	47	expectations	expectation	NOUN
dem-14899	55	48	.	.	PUNCT
dem-14899	56	1	further	further	ADJ
dem-14899	56	2	conditions	condition	NOUN
dem-14899	56	3	mentioned	mention	VERB
dem-14899	56	4	in	in	ADP
dem-14899	56	5	the	the	DET
dem-14899	56	6	literature	literature	NOUN
dem-14899	56	7	are	be	AUX
dem-14899	56	8	:	:	PUNCT
dem-14899	56	9	non	non	ADJ
dem-14899	56	10	-	-	NOUN
dem-14899	56	11	existence	existence	NOUN
dem-14899	56	12	of	of	ADP
dem-14899	56	13	pricing	pricing	NOUN
dem-14899	56	14	-	-	PUNCT
dem-14899	56	15	to	to	ADP
dem-14899	56	16	market	market	NOUN
dem-14899	56	17	(	(	PUNCT
dem-14899	56	18	ptm	ptm	NOUN
dem-14899	56	19	)	)	PUNCT
dem-14899	56	20	strategies	strategy	NOUN
dem-14899	56	21	,	,	PUNCT
dem-14899	56	22	lack	lack	NOUN
dem-14899	56	23	of	of	ADP
dem-14899	56	24	nominal	nominal	ADJ
dem-14899	56	25	rigidities	rigidity	NOUN
dem-14899	56	26	and	and	CCONJ
dem-14899	56	27	lack	lack	NOUN
dem-14899	56	28	of	of	ADP
dem-14899	56	29	entry	entry	NOUN
dem-14899	56	30	-	-	PUNCT
dem-14899	56	31	barriers	barrier	NOUN
dem-14899	56	32	to	to	ADP
dem-14899	56	33	international	international	ADJ
dem-14899	56	34	markets	market	NOUN
dem-14899	56	35	(	(	PUNCT
dem-14899	56	36	kelm	kelm	PROPN
dem-14899	56	37	,	,	PUNCT
dem-14899	56	38	2013	2013	NUM
dem-14899	56	39	,	,	PUNCT
dem-14899	56	40	p.	p.	NOUN
dem-14899	56	41	28	28	NUM
dem-14899	56	42	)	)	PUNCT
dem-14899	56	43	.	.	PUNCT
dem-14899	57	1	consequently	consequently	ADV
dem-14899	57	2	,	,	PUNCT
dem-14899	57	3	three	three	NUM
dem-14899	57	4	general	general	ADJ
dem-14899	57	5	approaches	approach	NOUN
dem-14899	57	6	have	have	AUX
dem-14899	57	7	been	be	AUX
dem-14899	57	8	developed	develop	VERB
dem-14899	57	9	in	in	ADP
dem-14899	57	10	the	the	DET
dem-14899	57	11	literature	literature	NOUN
dem-14899	57	12	to	to	PART
dem-14899	57	13	relax	relax	VERB
dem-14899	57	14	the	the	DET
dem-14899	57	15	assumption	assumption	NOUN
dem-14899	57	16	.	.	PUNCT
dem-14899	58	1	in	in	ADP
dem-14899	58	2	the	the	DET
dem-14899	58	3	first	first	ADJ
dem-14899	58	4	approach	approach	NOUN
dem-14899	58	5	,	,	PUNCT
dem-14899	58	6	the	the	DET
dem-14899	58	7	restriction	restriction	NOUN
dem-14899	58	8	:	:	PUNCT
dem-14899	58	9	in	in	ADP
dem-14899	58	10	(	(	PUNCT
dem-14899	58	11	6	6	NUM
dem-14899	58	12	)	)	PUNCT
dem-14899	58	13	is	be	AUX
dem-14899	58	14	relaxed	relax	VERB
dem-14899	58	15	and	and	CCONJ
dem-14899	58	16	only	only	ADV
dem-14899	58	17	the	the	DET
dem-14899	58	18	symmetry	symmetry	NOUN
dem-14899	58	19	restriction	restriction	NOUN
dem-14899	58	20	is	be	AUX
dem-14899	58	21	analysed	analyse	VERB
dem-14899	58	22	.	.	PUNCT
dem-14899	59	1	it	it	PRON
dem-14899	59	2	reflects	reflect	VERB
dem-14899	59	3	presence	presence	NOUN
dem-14899	59	4	of	of	ADP
dem-14899	59	5	transportation	transportation	NOUN
dem-14899	59	6	costs	cost	NOUN
dem-14899	59	7	,	,	PUNCT
dem-14899	59	8	other	other	ADJ
dem-14899	59	9	trade	trade	NOUN
dem-14899	59	10	barriers	barrier	NOUN
dem-14899	59	11	,	,	PUNCT
dem-14899	59	12	measurement	measurement	NOUN
dem-14899	59	13	problems	problem	NOUN
dem-14899	59	14	(	(	PUNCT
dem-14899	59	15	e.g.	e.g.	ADV
dem-14899	59	16	taylor	taylor	PROPN
dem-14899	59	17	,	,	PUNCT
dem-14899	59	18	1988	1988	NUM
dem-14899	59	19	;	;	PUNCT
dem-14899	59	20	arize	arize	VERB
dem-14899	59	21	et	et	PROPN
dem-14899	59	22	al	al	PROPN
dem-14899	59	23	.	.	PROPN
dem-14899	59	24	,	,	PUNCT
dem-14899	59	25	2015	2015	NUM
dem-14899	59	26	)	)	PUNCT
dem-14899	59	27	.	.	PUNCT
dem-14899	60	1	second	second	ADJ
dem-14899	60	2	approach	approach	NOUN
dem-14899	60	3	is	be	AUX
dem-14899	60	4	connected	connect	VERB
dem-14899	60	5	with	with	ADP
dem-14899	60	6	conclusion	conclusion	NOUN
dem-14899	60	7	from	from	ADP
dem-14899	60	8	dumas	dumas	PROPN
dem-14899	60	9	(	(	PUNCT
dem-14899	60	10	1992	1992	NUM
dem-14899	60	11	)	)	PUNCT
dem-14899	60	12	,	,	PUNCT
dem-14899	60	13	uppal	uppal	NOUN
dem-14899	60	14	(	(	PUNCT
dem-14899	60	15	1993	1993	NUM
dem-14899	60	16	)	)	PUNCT
dem-14899	60	17	,	,	PUNCT
dem-14899	60	18	sercu	sercu	VERB
dem-14899	60	19	et	et	PROPN
dem-14899	60	20	al	al	PROPN
dem-14899	60	21	.	.	PROPN
dem-14899	61	1	(	(	PUNCT
dem-14899	61	2	1995	1995	NUM
dem-14899	61	3	)	)	PUNCT
dem-14899	61	4	,	,	PUNCT
dem-14899	61	5	o’connel	o’connel	PROPN
dem-14899	61	6	&	&	CCONJ
dem-14899	61	7	wei	wei	PROPN
dem-14899	61	8	(	(	PUNCT
dem-14899	61	9	1997	1997	NUM
dem-14899	61	10	)	)	PUNCT
dem-14899	61	11	and	and	CCONJ
dem-14899	61	12	more	more	ADV
dem-14899	61	13	recently	recently	ADV
dem-14899	61	14	pavlidis	pavlidi	VERB
dem-14899	61	15	et	et	PROPN
dem-14899	61	16	al	al	PROPN
dem-14899	61	17	.	.	PUNCT
dem-14899	62	1	(	(	PUNCT
dem-14899	62	2	2011	2011	NUM
dem-14899	62	3	)	)	PUNCT
dem-14899	62	4	emphasizes	emphasize	VERB
dem-14899	62	5	the	the	DET
dem-14899	62	6	role	role	NOUN
dem-14899	62	7	of	of	ADP
dem-14899	62	8	transaction	transaction	NOUN
dem-14899	62	9	costs	cost	NOUN
dem-14899	62	10	:	:	PUNCT
dem-14899	62	11	.	.	PUNCT
dem-14899	63	1	(	(	PUNCT
dem-14899	63	2	7	7	X
dem-14899	63	3	)	)	PUNCT
dem-14899	63	4	therefore	therefore	ADV
dem-14899	63	5	two	two	NUM
dem-14899	63	6	regimes	regime	NOUN
dem-14899	63	7	can	can	AUX
dem-14899	63	8	be	be	AUX
dem-14899	63	9	identified	identify	VERB
dem-14899	63	10	.	.	PUNCT
dem-14899	64	1	the	the	DET
dem-14899	64	2	first	first	ADJ
dem-14899	64	3	(	(	PUNCT
dem-14899	64	4	so	so	ADV
dem-14899	64	5	-	-	PUNCT
dem-14899	64	6	called	call	VERB
dem-14899	64	7	inner	inner	ADJ
dem-14899	64	8	regime	regime	NOUN
dem-14899	64	9	)	)	PUNCT
dem-14899	64	10	is	be	AUX
dem-14899	64	11	defined	define	VERB
dem-14899	64	12	by	by	ADP
dem-14899	64	13	condition	condition	NOUN
dem-14899	64	14	,	,	PUNCT
dem-14899	64	15	while	while	SCONJ
dem-14899	64	16	the	the	DET
dem-14899	64	17	second	second	ADJ
dem-14899	64	18	regime	regime	NOUN
dem-14899	64	19	(	(	PUNCT
dem-14899	64	20	called	call	VERB
dem-14899	64	21	outer	outer	ADJ
dem-14899	64	22	regime	regime	NOUN
dem-14899	64	23	)	)	PUNCT
dem-14899	64	24	is	be	AUX
dem-14899	64	25	obtained	obtain	VERB
dem-14899	64	26	in	in	ADP
dem-14899	64	27	the	the	DET
dem-14899	64	28	case	case	NOUN
dem-14899	64	29	.	.	PUNCT
dem-14899	65	1	within	within	ADP
dem-14899	65	2	the	the	DET
dem-14899	65	3	inner	inner	ADJ
dem-14899	65	4	regime	regime	NOUN
dem-14899	65	5	the	the	DET
dem-14899	65	6	real	real	ADJ
dem-14899	65	7	exchange	exchange	NOUN
dem-14899	65	8	rate	rate	NOUN
dem-14899	65	9	can	can	AUX
dem-14899	65	10	be	be	AUX
dem-14899	65	11	described	describe	VERB
dem-14899	65	12	as	as	ADP
dem-14899	65	13	i(1	i(1	PROPN
dem-14899	65	14	)	)	PUNCT
dem-14899	65	15	process	process	NOUN
dem-14899	65	16	.	.	PUNCT
dem-14899	66	1	within	within	ADP
dem-14899	66	2	the	the	DET
dem-14899	66	3	outer	outer	ADJ
dem-14899	66	4	regime	regime	NOUN
dem-14899	66	5	real	real	ADJ
dem-14899	66	6	exchange	exchange	NOUN
dem-14899	66	7	rate	rate	NOUN
dem-14899	66	8	should	should	AUX
dem-14899	66	9	return	return	VERB
dem-14899	66	10	toward	toward	ADP
dem-14899	66	11	inner	inner	ADJ
dem-14899	66	12	regime	regime	NOUN
dem-14899	66	13	.	.	PUNCT
dem-14899	67	1	empirical	empirical	ADJ
dem-14899	67	2	testing	testing	NOUN
dem-14899	67	3	should	should	AUX
dem-14899	67	4	take	take	VERB
dem-14899	67	5	into	into	ADP
dem-14899	67	6	accounts	account	NOUN
dem-14899	67	7	existence	existence	NOUN
dem-14899	67	8	of	of	ADP
dem-14899	67	9	three	three	NUM
dem-14899	67	10	regimes	regime	NOUN
dem-14899	67	11	:	:	PUNCT
dem-14899	67	12	the	the	DET
dem-14899	67	13	inner	inner	ADJ
dem-14899	67	14	regime	regime	NOUN
dem-14899	67	15	and	and	CCONJ
dem-14899	67	16	two	two	NUM
dem-14899	67	17	–	–	PUNCT
dem-14899	67	18	positive	positive	ADJ
dem-14899	67	19	and	and	CCONJ
dem-14899	67	20	negative	negative	ADJ
dem-14899	68	1	outer	outer	ADJ
dem-14899	68	2	regimes	regime	NOUN
dem-14899	68	3	.	.	PUNCT
dem-14899	69	1	consequently	consequently	ADV
dem-14899	69	2	different	different	ADJ
dem-14899	69	3	variants	variant	NOUN
dem-14899	69	4	of	of	ADP
dem-14899	69	5	the	the	DET
dem-14899	69	6	threshold	threshold	NOUN
dem-14899	69	7	autoregressive	autoregressive	ADJ
dem-14899	69	8	(	(	PUNCT
dem-14899	69	9	tar	tar	NOUN
dem-14899	69	10	)	)	PUNCT
dem-14899	69	11	or	or	CCONJ
dem-14899	69	12	smooth	smooth	ADJ
dem-14899	69	13	transition	transition	NOUN
dem-14899	69	14	autoregressive	autoregressive	ADJ
dem-14899	69	15	(	(	PUNCT
dem-14899	69	16	star	star	NOUN
dem-14899	69	17	)	)	PUNCT
dem-14899	69	18	models	model	NOUN
dem-14899	69	19	are	be	AUX
dem-14899	69	20	applied	apply	VERB
dem-14899	69	21	as	as	ADP
dem-14899	69	22	a	a	DET
dem-14899	69	23	natural	natural	ADJ
dem-14899	69	24	generalization	generalization	NOUN
dem-14899	69	25	of	of	ADP
dem-14899	69	26	the	the	DET
dem-14899	69	27	linear	linear	ADJ
dem-14899	69	28	scheme	scheme	NOUN
dem-14899	69	29	.	.	PUNCT
dem-14899	70	1	similarly	similarly	ADV
dem-14899	70	2	as	as	ADP
dem-14899	70	3	in	in	ADP
dem-14899	70	4	more	more	ADV
dem-14899	70	5	restrictive	restrictive	ADJ
dem-14899	70	6	cases	case	NOUN
dem-14899	70	7	above	above	ADV
dem-14899	70	8	,	,	PUNCT
dem-14899	70	9	two	two	NUM
dem-14899	70	10	strategies	strategy	NOUN
dem-14899	70	11	utilizing	utilize	VERB
dem-14899	70	12	tar	tar	NOUN
dem-14899	70	13	or	or	CCONJ
dem-14899	70	14	star	star	NOUN
dem-14899	70	15	approach	approach	NOUN
dem-14899	70	16	has	have	AUX
dem-14899	70	17	been	be	AUX
dem-14899	70	18	developed	develop	VERB
dem-14899	70	19	.	.	PUNCT
dem-14899	71	1	the	the	DET
dem-14899	71	2	first	first	ADJ
dem-14899	71	3	and	and	CCONJ
dem-14899	71	4	the	the	DET
dem-14899	71	5	most	most	ADV
dem-14899	71	6	popular	popular	ADJ
dem-14899	71	7	one	one	NOUN
dem-14899	71	8	,	,	PUNCT
dem-14899	71	9	allows	allow	VERB
dem-14899	71	10	for	for	ADP
dem-14899	71	11	testing	test	VERB
dem-14899	71	12	the	the	DET
dem-14899	71	13	unit	unit	NOUN
dem-14899	71	14	root	root	NOUN
dem-14899	71	15	hypothesis	hypothesis	NOUN
dem-14899	71	16	of	of	ADP
dem-14899	71	17	logarithm	logarithm	NOUN
dem-14899	71	18	of	of	ADP
dem-14899	71	19	the	the	DET
dem-14899	71	20	forecasting	forecasting	NOUN
dem-14899	71	21	eur	eur	PROPN
dem-14899	71	22	/	/	SYM
dem-14899	71	23	pln	pln	PROPN
dem-14899	71	24	exchange	exchange	PROPN
dem-14899	71	25	rate	rate	NOUN
dem-14899	71	26	:	:	PUNCT
dem-14899	71	27	the	the	DET
dem-14899	71	28	role	role	NOUN
dem-14899	71	29	of	of	ADP
dem-14899	71	30	purchasing	purchase	VERB
dem-14899	71	31	power	power	NOUN
dem-14899	71	32	parity	parity	NOUN
dem-14899	71	33	…	…	SYM
dem-14899	71	34	dynamic	dynamic	ADJ
dem-14899	71	35	econometric	econometric	ADJ
dem-14899	71	36	models	model	NOUN
dem-14899	71	37	17	17	NUM
dem-14899	71	38	(	(	PUNCT
dem-14899	71	39	2017	2017	NUM
dem-14899	71	40	)	)	PUNCT
dem-14899	71	41	97–114	97–114	NUM
dem-14899	71	42	101	101	NUM
dem-14899	71	43	exchange	exchange	NOUN
dem-14899	71	44	rate	rate	NOUN
dem-14899	71	45	against	against	ADP
dem-14899	71	46	tar	tar	NOUN
dem-14899	71	47	/	/	SYM
dem-14899	71	48	star	star	NOUN
dem-14899	71	49	alternatives	alternative	NOUN
dem-14899	71	50	(	(	PUNCT
dem-14899	71	51	e.g.	e.g.	ADV
dem-14899	71	52	kapetanios	kapetanio	NOUN
dem-14899	71	53	et	et	PROPN
dem-14899	71	54	al	al	PROPN
dem-14899	71	55	.	.	PROPN
dem-14899	71	56	,	,	PUNCT
dem-14899	71	57	2003	2003	NUM
dem-14899	71	58	;	;	PUNCT
dem-14899	71	59	sollis	solli	NOUN
dem-14899	71	60	,	,	PUNCT
dem-14899	71	61	2009	2009	NUM
dem-14899	71	62	;	;	PUNCT
dem-14899	71	63	mcmillan	mcmillan	NOUN
dem-14899	71	64	,	,	PUNCT
dem-14899	71	65	2009	2009	NUM
dem-14899	71	66	;	;	PUNCT
dem-14899	71	67	månsson	månsson	PROPN
dem-14899	71	68	&	&	CCONJ
dem-14899	71	69	sjölander	sjölander	NOUN
dem-14899	71	70	2014	2014	NUM
dem-14899	71	71	)	)	PUNCT
dem-14899	71	72	.	.	PUNCT
dem-14899	72	1	the	the	DET
dem-14899	72	2	second	second	ADJ
dem-14899	72	3	approach	approach	NOUN
dem-14899	72	4	,	,	PUNCT
dem-14899	72	5	which	which	PRON
dem-14899	72	6	is	be	AUX
dem-14899	72	7	also	also	ADV
dem-14899	72	8	applied	apply	VERB
dem-14899	72	9	in	in	ADP
dem-14899	72	10	this	this	DET
dem-14899	72	11	study	study	NOUN
dem-14899	72	12	,	,	PUNCT
dem-14899	72	13	is	be	AUX
dem-14899	72	14	connected	connect	VERB
dem-14899	72	15	with	with	ADP
dem-14899	72	16	verification	verification	NOUN
dem-14899	72	17	of	of	ADP
dem-14899	72	18	the	the	DET
dem-14899	72	19	ppp	ppp	NOUN
dem-14899	72	20	hypothesis	hypothesis	NOUN
dem-14899	72	21	in	in	ADP
dem-14899	72	22	the	the	DET
dem-14899	72	23	multivariate	multivariate	NOUN
dem-14899	72	24	framework	framework	NOUN
dem-14899	72	25	,	,	PUNCT
dem-14899	72	26	within	within	ADP
dem-14899	72	27	threshold	threshold	NOUN
dem-14899	72	28	or	or	CCONJ
dem-14899	72	29	smooth	smooth	ADJ
dem-14899	72	30	transition	transition	NOUN
dem-14899	72	31	vector	vector	NOUN
dem-14899	72	32	error	error	NOUN
dem-14899	72	33	correction	correction	NOUN
dem-14899	72	34	frameworks	framework	NOUN
dem-14899	72	35	(	(	PUNCT
dem-14899	72	36	tvecm	tvecm	NOUN
dem-14899	72	37	/	/	SYM
dem-14899	72	38	stvecm	stvecm	NOUN
dem-14899	72	39	)	)	PUNCT
dem-14899	72	40	,	,	PUNCT
dem-14899	72	41	both	both	CCONJ
dem-14899	72	42	strong	strong	ADJ
dem-14899	72	43	-	-	PUNCT
dem-14899	72	44	form	form	NOUN
dem-14899	72	45	ppp	ppp	NOUN
dem-14899	72	46	(	(	PUNCT
dem-14899	72	47	e.g.	e.g.	ADV
dem-14899	72	48	wu	wu	PROPN
dem-14899	72	49	&	&	CCONJ
dem-14899	72	50	chen	chen	PROPN
dem-14899	72	51	,	,	PUNCT
dem-14899	72	52	2008	2008	NUM
dem-14899	72	53	;	;	PUNCT
dem-14899	72	54	nakagawa	nakagawa	PROPN
dem-14899	72	55	,	,	PUNCT
dem-14899	72	56	2010	2010	NUM
dem-14899	72	57	)	)	PUNCT
dem-14899	72	58	,	,	PUNCT
dem-14899	72	59	as	as	ADV
dem-14899	72	60	well	well	ADV
dem-14899	72	61	as	as	ADP
dem-14899	72	62	weak	weak	ADJ
dem-14899	72	63	-	-	PUNCT
dem-14899	72	64	form	form	NOUN
dem-14899	72	65	ppp	ppp	NOUN
dem-14899	72	66	(	(	PUNCT
dem-14899	72	67	e.g.	e.g.	ADV
dem-14899	72	68	gefang	gefang	PROPN
dem-14899	72	69	,	,	PUNCT
dem-14899	72	70	2008	2008	NUM
dem-14899	72	71	)	)	PUNCT
dem-14899	72	72	.	.	PUNCT
dem-14899	73	1	third	third	ADJ
dem-14899	73	2	approach	approach	NOUN
dem-14899	73	3	is	be	AUX
dem-14899	73	4	connected	connect	VERB
dem-14899	73	5	with	with	ADP
dem-14899	73	6	a	a	DET
dem-14899	73	7	reformulation	reformulation	NOUN
dem-14899	73	8	of	of	ADP
dem-14899	73	9	(	(	PUNCT
dem-14899	73	10	6	6	NUM
dem-14899	73	11	)	)	PUNCT
dem-14899	73	12	resulting	result	VERB
dem-14899	73	13	in	in	ADP
dem-14899	73	14	:	:	PUNCT
dem-14899	73	15	(	(	PUNCT
dem-14899	73	16	8)	8)	NUM
dem-14899	73	17	where	where	SCONJ
dem-14899	73	18	,	,	PUNCT
dem-14899	73	19	,	,	PUNCT
dem-14899	73	20	–	–	PUNCT
dem-14899	73	21	are	be	AUX
dem-14899	73	22	vectors	vector	NOUN
dem-14899	73	23	of	of	ADP
dem-14899	73	24	long	long	ADJ
dem-14899	73	25	,	,	PUNCT
dem-14899	73	26	medium	medium	ADJ
dem-14899	73	27	and	and	CCONJ
dem-14899	73	28	short	short	ADJ
dem-14899	73	29	run	run	NOUN
dem-14899	73	30	determinants	determinant	NOUN
dem-14899	73	31	of	of	ADP
dem-14899	73	32	nominal	nominal	ADJ
dem-14899	73	33	exchange	exchange	NOUN
dem-14899	73	34	rate	rate	NOUN
dem-14899	73	35	(	(	PUNCT
dem-14899	73	36	except	except	SCONJ
dem-14899	73	37	ppp	ppp	NOUN
dem-14899	73	38	)	)	PUNCT
dem-14899	73	39	,	,	PUNCT
dem-14899	73	40	–	–	PUNCT
dem-14899	73	41	vector	vector	NOUN
dem-14899	73	42	of	of	ADP
dem-14899	73	43	equilibrium	equilibrium	NOUN
dem-14899	73	44	coefficients	coefficient	NOUN
dem-14899	73	45	,	,	PUNCT
dem-14899	73	46	,	,	PUNCT
dem-14899	73	47	(	(	PUNCT
dem-14899	73	48	see	see	VERB
dem-14899	73	49	kelm	kelm	PROPN
dem-14899	73	50	&	&	CCONJ
dem-14899	73	51	bęzabojanowska	bęzabojanowska	PROPN
dem-14899	73	52	,	,	PUNCT
dem-14899	73	53	2005	2005	NUM
dem-14899	73	54	;	;	PUNCT
dem-14899	73	55	kelm	kelm	PROPN
dem-14899	73	56	,	,	PUNCT
dem-14899	73	57	2010	2010	NUM
dem-14899	73	58	)	)	PUNCT
dem-14899	73	59	.	.	PUNCT
dem-14899	74	1	restriction	restriction	NOUN
dem-14899	74	2	=	=	NOUN
dem-14899	74	3	supports	support	VERB
dem-14899	74	4	ppp	ppp	NOUN
dem-14899	74	5	hypothesis	hypothesis	NOUN
dem-14899	74	6	;	;	PUNCT
dem-14899	74	7	see	see	VERB
dem-14899	74	8	kelm	kelm	PROPN
dem-14899	74	9	(	(	PUNCT
dem-14899	74	10	2013	2013	NUM
dem-14899	74	11	,	,	PUNCT
dem-14899	74	12	p.	p.	NOUN
dem-14899	74	13	27	27	NUM
dem-14899	74	14	)	)	PUNCT
dem-14899	74	15	.	.	PUNCT
dem-14899	75	1	the	the	DET
dem-14899	75	2	empirical	empirical	ADJ
dem-14899	75	3	literature	literature	NOUN
dem-14899	75	4	where	where	SCONJ
dem-14899	75	5	ppp	ppp	PROPN
dem-14899	75	6	hypothesis	hypothesis	NOUN
dem-14899	75	7	is	be	AUX
dem-14899	75	8	analysed	analyse	VERB
dem-14899	75	9	is	be	AUX
dem-14899	75	10	vast	vast	ADJ
dem-14899	75	11	.	.	PUNCT
dem-14899	76	1	in	in	ADP
dem-14899	76	2	this	this	DET
dem-14899	76	3	paper	paper	NOUN
dem-14899	76	4	only	only	ADV
dem-14899	76	5	key	key	ADJ
dem-14899	76	6	papers	paper	NOUN
dem-14899	76	7	are	be	AUX
dem-14899	76	8	mentioned	mention	VERB
dem-14899	76	9	.	.	PUNCT
dem-14899	77	1	firstly	firstly	ADV
dem-14899	77	2	the	the	DET
dem-14899	77	3	enormous	enormous	ADJ
dem-14899	77	4	short	short	ADJ
dem-14899	77	5	-	-	PUNCT
dem-14899	77	6	term	term	NOUN
dem-14899	77	7	volatility	volatility	NOUN
dem-14899	77	8	of	of	ADP
dem-14899	77	9	the	the	DET
dem-14899	77	10	real	real	ADJ
dem-14899	77	11	exchange	exchange	NOUN
dem-14899	77	12	rate	rate	NOUN
dem-14899	77	13	with	with	ADP
dem-14899	77	14	the	the	DET
dem-14899	77	15	extremely	extremely	ADV
dem-14899	77	16	slow	slow	ADJ
dem-14899	77	17	rate	rate	NOUN
dem-14899	77	18	at	at	ADP
dem-14899	77	19	which	which	PRON
dem-14899	77	20	shocks	shock	NOUN
dem-14899	77	21	appear	appear	VERB
dem-14899	77	22	to	to	PART
dem-14899	77	23	damp	damp	VERB
dem-14899	77	24	out	out	ADP
dem-14899	77	25	still	still	ADV
dem-14899	77	26	misses	miss	VERB
dem-14899	77	27	satisfactory	satisfactory	ADJ
dem-14899	77	28	and	and	CCONJ
dem-14899	77	29	sound	sound	ADJ
dem-14899	77	30	explanation	explanation	NOUN
dem-14899	77	31	(	(	PUNCT
dem-14899	77	32	ppp	ppp	NOUN
dem-14899	77	33	puzzle	puzzle	NOUN
dem-14899	77	34	,	,	PUNCT
dem-14899	77	35	see	see	VERB
dem-14899	77	36	rogoff,1996	rogoff,1996	NOUN
dem-14899	77	37	)	)	PUNCT
dem-14899	77	38	and	and	CCONJ
dem-14899	77	39	that	that	SCONJ
dem-14899	77	40	the	the	DET
dem-14899	77	41	nominal	nominal	ADJ
dem-14899	77	42	rigidities	rigidity	NOUN
dem-14899	77	43	and	and	CCONJ
dem-14899	77	44	market	market	NOUN
dem-14899	77	45	frictions	friction	NOUN
dem-14899	77	46	are	be	AUX
dem-14899	77	47	still	still	ADV
dem-14899	77	48	unable	unable	ADJ
dem-14899	77	49	to	to	PART
dem-14899	77	50	explain	explain	VERB
dem-14899	77	51	why	why	SCONJ
dem-14899	77	52	real	real	ADJ
dem-14899	77	53	exchange	exchange	NOUN
dem-14899	77	54	rates	rate	NOUN
dem-14899	77	55	(	(	PUNCT
dem-14899	77	56	rer	rer	NOUN
dem-14899	77	57	)	)	PUNCT
dem-14899	77	58	deviate	deviate	VERB
dem-14899	77	59	from	from	ADP
dem-14899	77	60	the	the	DET
dem-14899	77	61	ppp	ppp	NOUN
dem-14899	77	62	level	level	NOUN
dem-14899	77	63	and	and	CCONJ
dem-14899	77	64	high	high	ADJ
dem-14899	77	65	estimates	estimate	NOUN
dem-14899	77	66	of	of	ADP
dem-14899	77	67	rers	rer	NOUN
dem-14899	77	68	’	'	PUNCT
dem-14899	77	69	half	half	ADJ
dem-14899	77	70	-	-	PUNCT
dem-14899	77	71	lives	life	NOUN
dem-14899	77	72	(	(	PUNCT
dem-14899	77	73	3–5	3–5	NUM
dem-14899	77	74	years	year	NOUN
dem-14899	77	75	)	)	PUNCT
dem-14899	77	76	,	,	PUNCT
dem-14899	77	77	see	see	VERB
dem-14899	77	78	kelm	kelm	PROPN
dem-14899	77	79	(	(	PUNCT
dem-14899	77	80	2017	2017	NUM
dem-14899	77	81	)	)	PUNCT
dem-14899	77	82	.	.	PUNCT
dem-14899	78	1	secondly	secondly	ADV
dem-14899	78	2	,	,	PUNCT
dem-14899	78	3	allowing	allow	VERB
dem-14899	78	4	for	for	ADP
dem-14899	78	5	smooth	smooth	ADJ
dem-14899	78	6	transition	transition	NOUN
dem-14899	78	7	mechanism	mechanism	NOUN
dem-14899	78	8	,	,	PUNCT
dem-14899	78	9	seems	seem	VERB
dem-14899	78	10	to	to	PART
dem-14899	78	11	solve	solve	VERB
dem-14899	78	12	at	at	ADP
dem-14899	78	13	least	least	ADJ
dem-14899	78	14	partially	partially	ADV
dem-14899	78	15	“	"	PUNCT
dem-14899	78	16	ppp	ppp	NOUN
dem-14899	78	17	puzzle	puzzle	NOUN
dem-14899	78	18	”	"	PUNCT
dem-14899	78	19	(	(	PUNCT
dem-14899	78	20	e.g.	e.g.	ADV
dem-14899	78	21	schnatz	schnatz	NOUN
dem-14899	78	22	,	,	PUNCT
dem-14899	78	23	2007	2007	NUM
dem-14899	78	24	,	,	PUNCT
dem-14899	78	25	norman	norman	PROPN
dem-14899	78	26	,	,	PUNCT
dem-14899	78	27	2010	2010	NUM
dem-14899	78	28	)	)	PUNCT
dem-14899	78	29	.	.	PUNCT
dem-14899	79	1	on	on	ADP
dem-14899	79	2	the	the	DET
dem-14899	79	3	other	other	ADJ
dem-14899	79	4	hand	hand	NOUN
dem-14899	79	5	,	,	PUNCT
dem-14899	79	6	both	both	CCONJ
dem-14899	79	7	theoretical	theoretical	ADJ
dem-14899	79	8	and	and	CCONJ
dem-14899	79	9	empirical	empirical	ADJ
dem-14899	79	10	soundness	soundness	NOUN
dem-14899	79	11	of	of	ADP
dem-14899	79	12	testing	testing	NOUN
dem-14899	79	13	procedures	procedure	NOUN
dem-14899	79	14	in	in	ADP
dem-14899	79	15	many	many	ADJ
dem-14899	79	16	cases	case	NOUN
dem-14899	79	17	could	could	AUX
dem-14899	79	18	be	be	AUX
dem-14899	79	19	doubtful	doubtful	ADJ
dem-14899	79	20	(	(	PUNCT
dem-14899	79	21	e.g.	e.g.	ADV
dem-14899	79	22	kelm	kelm	PROPN
dem-14899	79	23	,	,	PUNCT
dem-14899	79	24	2013	2013	NUM
dem-14899	79	25	,	,	PUNCT
dem-14899	79	26	p.	p.	NOUN
dem-14899	79	27	90–92	90–92	NUM
dem-14899	79	28	)	)	PUNCT
dem-14899	79	29	.	.	PUNCT
dem-14899	80	1	for	for	ADP
dem-14899	80	2	example	example	NOUN
dem-14899	80	3	månsson	månsson	PROPN
dem-14899	80	4	&	&	CCONJ
dem-14899	80	5	sjölander	sjölander	PROPN
dem-14899	80	6	,	,	PUNCT
dem-14899	80	7	(	(	PUNCT
dem-14899	80	8	2014	2014	NUM
dem-14899	80	9	)	)	PUNCT
dem-14899	80	10	,	,	PUNCT
dem-14899	80	11	and	and	CCONJ
dem-14899	80	12	emirmahmutoglu	emirmahmutoglu	PROPN
dem-14899	80	13	&	&	CCONJ
dem-14899	80	14	omay	omay	PROPN
dem-14899	80	15	,	,	PUNCT
dem-14899	80	16	(	(	PUNCT
dem-14899	80	17	2014	2014	NUM
dem-14899	80	18	)	)	PUNCT
dem-14899	80	19	emphasized	emphasize	VERB
dem-14899	80	20	weak	weak	ADJ
dem-14899	80	21	power	power	NOUN
dem-14899	80	22	of	of	ADP
dem-14899	80	23	kss	kss	PROPN
dem-14899	80	24	(	(	PUNCT
dem-14899	80	25	kapetanios	kapetanios	PROPN
dem-14899	80	26	,	,	PUNCT
dem-14899	80	27	shin	shin	PROPN
dem-14899	80	28	&	&	CCONJ
dem-14899	80	29	snell	snell	PROPN
dem-14899	80	30	)	)	PUNCT
dem-14899	80	31	and	and	CCONJ
dem-14899	80	32	akss	akss	PROPN
dem-14899	80	33	(	(	PUNCT
dem-14899	80	34	augmented	augment	VERB
dem-14899	80	35	kss	kss	PROPN
dem-14899	80	36	)	)	PUNCT
dem-14899	80	37	tests	test	NOUN
dem-14899	80	38	.	.	PUNCT
dem-14899	81	1	thirdly	thirdly	ADV
dem-14899	81	2	,	,	PUNCT
dem-14899	81	3	verification	verification	NOUN
dem-14899	81	4	of	of	ADP
dem-14899	81	5	the	the	DET
dem-14899	81	6	ppp	ppp	NOUN
dem-14899	81	7	within	within	ADP
dem-14899	81	8	the	the	DET
dem-14899	81	9	cointegration	cointegration	NOUN
dem-14899	81	10	framework	framework	NOUN
dem-14899	81	11	might	might	AUX
dem-14899	81	12	be	be	AUX
dem-14899	81	13	difficult	difficult	ADJ
dem-14899	81	14	if	if	SCONJ
dem-14899	81	15	the	the	DET
dem-14899	81	16	number	number	NOUN
dem-14899	81	17	of	of	ADP
dem-14899	81	18	cointegrating	cointegrate	VERB
dem-14899	81	19	vectors	vector	NOUN
dem-14899	81	20	differs	differ	VERB
dem-14899	81	21	from	from	ADP
dem-14899	81	22	one	one	NUM
dem-14899	81	23	.	.	PUNCT
dem-14899	82	1	empirical	empirical	ADJ
dem-14899	82	2	results	result	NOUN
dem-14899	82	3	of	of	ADP
dem-14899	82	4	ppp	ppp	NOUN
dem-14899	82	5	testing	testing	NOUN
dem-14899	82	6	for	for	ADP
dem-14899	82	7	the	the	DET
dem-14899	82	8	polish	polish	ADJ
dem-14899	82	9	zloty	zloty	NOUN
dem-14899	82	10	depend	depend	VERB
dem-14899	82	11	on	on	ADP
dem-14899	82	12	the	the	DET
dem-14899	82	13	sample	sample	NOUN
dem-14899	82	14	used	use	VERB
dem-14899	82	15	in	in	ADP
dem-14899	82	16	the	the	DET
dem-14899	82	17	research	research	NOUN
dem-14899	82	18	and	and	CCONJ
dem-14899	82	19	on	on	ADP
dem-14899	82	20	the	the	DET
dem-14899	82	21	choice	choice	NOUN
dem-14899	82	22	of	of	ADP
dem-14899	82	23	the	the	DET
dem-14899	82	24	price	price	NOUN
dem-14899	82	25	indices	index	NOUN
dem-14899	82	26	.	.	PUNCT
dem-14899	83	1	in	in	ADP
dem-14899	83	2	particular	particular	ADJ
dem-14899	83	3	if	if	SCONJ
dem-14899	83	4	the	the	DET
dem-14899	83	5	sample	sample	NOUN
dem-14899	83	6	starts	start	VERB
dem-14899	83	7	before	before	ADP
dem-14899	83	8	1999	1999	NUM
dem-14899	83	9	,	,	PUNCT
dem-14899	83	10	the	the	DET
dem-14899	83	11	strong	strong	ADJ
dem-14899	83	12	-	-	PUNCT
dem-14899	83	13	form	form	NOUN
dem-14899	83	14	ppp	ppp	NOUN
dem-14899	83	15	is	be	AUX
dem-14899	83	16	not	not	PART
dem-14899	83	17	supported	support	VERB
dem-14899	83	18	,	,	PUNCT
dem-14899	83	19	due	due	ADP
dem-14899	83	20	to	to	ADP
dem-14899	83	21	characteristics	characteristic	NOUN
dem-14899	83	22	of	of	ADP
dem-14899	83	23	the	the	DET
dem-14899	83	24	exchange	exchange	NOUN
dem-14899	83	25	rate	rate	NOUN
dem-14899	83	26	regimes	regime	NOUN
dem-14899	83	27	in	in	ADP
dem-14899	83	28	poland	poland	PROPN
dem-14899	83	29	before	before	ADP
dem-14899	83	30	1999	1999	NUM
dem-14899	83	31	(	(	PUNCT
dem-14899	83	32	as	as	ADP
dem-14899	83	33	de	de	X
dem-14899	83	34	facto	facto	X
dem-14899	83	35	polish	polish	ADJ
dem-14899	83	36	zloty	zloty	NOUN
dem-14899	83	37	became	become	VERB
dem-14899	83	38	free	free	ADJ
dem-14899	83	39	-	-	PUNCT
dem-14899	83	40	floating	float	VERB
dem-14899	83	41	)	)	PUNCT
dem-14899	83	42	.	.	PUNCT
dem-14899	84	1	more	more	ADV
dem-14899	84	2	specifically	specifically	ADV
dem-14899	84	3	,	,	PUNCT
dem-14899	84	4	both	both	DET
dem-14899	84	5	fixed	fix	VERB
dem-14899	84	6	exchange	exchange	NOUN
dem-14899	84	7	rate	rate	NOUN
dem-14899	84	8	regime	regime	NOUN
dem-14899	84	9	(	(	PUNCT
dem-14899	84	10	before	before	ADP
dem-14899	84	11	october	october	PROPN
dem-14899	84	12	1991	1991	NUM
dem-14899	84	13	)	)	PUNCT
dem-14899	84	14	and	and	CCONJ
dem-14899	84	15	crawling	crawl	VERB
dem-14899	84	16	peg	peg	NOUN
dem-14899	84	17	(	(	PUNCT
dem-14899	84	18	before	before	ADP
dem-14899	84	19	may	may	PROPN
dem-14899	84	20	1995	1995	NUM
dem-14899	84	21	)	)	PUNCT
dem-14899	84	22	represented	represent	VERB
dem-14899	84	23	the	the	DET
dem-14899	84	24	nominal	nominal	ADJ
dem-14899	84	25	anchor	anchor	NOUN
dem-14899	84	26	feature	feature	NOUN
dem-14899	84	27	(	(	PUNCT
dem-14899	84	28	kokoszczyński	kokoszczyński	PROPN
dem-14899	84	29	,	,	PUNCT
dem-14899	84	30	2001	2001	NUM
dem-14899	84	31	)	)	PUNCT
dem-14899	84	32	.	.	PUNCT
dem-14899	85	1	in	in	ADP
dem-14899	85	2	adrian	adrian	PROPN
dem-14899	85	3	burda	burda	PROPN
dem-14899	85	4	,	,	PUNCT
dem-14899	85	5	błażej	błażej	PROPN
dem-14899	85	6	mazur	mazur	NOUN
dem-14899	85	7	,	,	PUNCT
dem-14899	85	8	mateusz	mateusz	PROPN
dem-14899	85	9	pipień	pipień	NOUN
dem-14899	85	10	dynamic	dynamic	ADJ
dem-14899	85	11	econometric	econometric	ADJ
dem-14899	85	12	models	model	NOUN
dem-14899	85	13	17	17	NUM
dem-14899	85	14	(	(	PUNCT
dem-14899	85	15	2017	2017	NUM
dem-14899	85	16	)	)	PUNCT
dem-14899	85	17	97–114	97–114	NUM
dem-14899	85	18	102	102	NUM
dem-14899	85	19	terms	term	NOUN
dem-14899	85	20	of	of	ADP
dem-14899	85	21	price	price	NOUN
dem-14899	85	22	indices	index	NOUN
dem-14899	85	23	,	,	PUNCT
dem-14899	85	24	one	one	PRON
dem-14899	85	25	should	should	AUX
dem-14899	85	26	note	note	VERB
dem-14899	85	27	that	that	SCONJ
dem-14899	85	28	production	production	NOUN
dem-14899	85	29	price	price	NOUN
dem-14899	85	30	index	index	NOUN
dem-14899	85	31	(	(	PUNCT
dem-14899	85	32	ppi	ppi	NOUN
dem-14899	85	33	)	)	PUNCT
dem-14899	85	34	in	in	ADP
dem-14899	85	35	manufacturing	manufacturing	NOUN
dem-14899	85	36	seems	seem	VERB
dem-14899	85	37	to	to	PART
dem-14899	85	38	be	be	AUX
dem-14899	85	39	the	the	DET
dem-14899	85	40	best	good	ADJ
dem-14899	85	41	proxy	proxy	NOUN
dem-14899	85	42	for	for	ADP
dem-14899	85	43	tradables	tradable	NOUN
dem-14899	85	44	prices	price	NOUN
dem-14899	85	45	(	(	PUNCT
dem-14899	85	46	see	see	INTJ
dem-14899	85	47	kelm	kelm	PROPN
dem-14899	85	48	,	,	PUNCT
dem-14899	85	49	2013	2013	NUM
dem-14899	85	50	,	,	PUNCT
dem-14899	85	51	p.	p.	NOUN
dem-14899	85	52	141	141	NUM
dem-14899	85	53	)	)	PUNCT
dem-14899	85	54	.	.	PUNCT
dem-14899	86	1	hence	hence	ADV
dem-14899	86	2	in	in	ADP
dem-14899	86	3	prevailing	prevail	VERB
dem-14899	86	4	part	part	NOUN
dem-14899	86	5	of	of	ADP
dem-14899	86	6	the	the	DET
dem-14899	86	7	literature	literature	NOUN
dem-14899	86	8	,	,	PUNCT
dem-14899	86	9	strong	strong	ADJ
dem-14899	86	10	-	-	PUNCT
dem-14899	86	11	form	form	NOUN
dem-14899	86	12	ppp	ppp	NOUN
dem-14899	86	13	for	for	ADP
dem-14899	86	14	the	the	DET
dem-14899	86	15	polish	polish	ADJ
dem-14899	86	16	zloty	zloty	NOUN
dem-14899	86	17	is	be	AUX
dem-14899	86	18	not	not	PART
dem-14899	86	19	supported	support	VERB
dem-14899	86	20	,	,	PUNCT
dem-14899	86	21	since	since	SCONJ
dem-14899	86	22	the	the	DET
dem-14899	86	23	research	research	NOUN
dem-14899	86	24	sample	sample	NOUN
dem-14899	86	25	contains	contain	VERB
dem-14899	86	26	data	datum	NOUN
dem-14899	86	27	from	from	ADP
dem-14899	86	28	mid	mid	ADJ
dem-14899	86	29	1990s	1990	NOUN
dem-14899	86	30	(	(	PUNCT
dem-14899	86	31	e.g.	e.g.	ADV
dem-14899	86	32	rubaszek	rubaszek	NOUN
dem-14899	86	33	&	&	CCONJ
dem-14899	86	34	serwa	serwa	NOUN
dem-14899	86	35	;	;	PUNCT
dem-14899	86	36	2009	2009	NUM
dem-14899	86	37	;	;	PUNCT
dem-14899	86	38	wdowiński	wdowiński	PROPN
dem-14899	86	39	2010	2010	NUM
dem-14899	86	40	;	;	PUNCT
dem-14899	86	41	chang	chang	PROPN
dem-14899	86	42	&	&	CCONJ
dem-14899	86	43	tzeng	tzeng	PROPN
dem-14899	86	44	,	,	PUNCT
dem-14899	86	45	2011	2011	NUM
dem-14899	86	46	)	)	PUNCT
dem-14899	86	47	or	or	CCONJ
dem-14899	86	48	even	even	ADV
dem-14899	86	49	include	include	VERB
dem-14899	86	50	the	the	DET
dem-14899	86	51	whole	whole	ADJ
dem-14899	86	52	transition	transition	NOUN
dem-14899	86	53	period	period	NOUN
dem-14899	86	54	(	(	PUNCT
dem-14899	86	55	arize	arize	VERB
dem-14899	86	56	et	et	PROPN
dem-14899	86	57	al	al	PROPN
dem-14899	86	58	.	.	PROPN
dem-14899	86	59	,	,	PUNCT
dem-14899	86	60	2015	2015	NUM
dem-14899	86	61	)	)	PUNCT
dem-14899	86	62	.	.	PUNCT
dem-14899	87	1	furthermore	furthermore	ADV
dem-14899	87	2	,	,	PUNCT
dem-14899	87	3	in	in	ADP
dem-14899	87	4	many	many	ADJ
dem-14899	87	5	studies	study	NOUN
dem-14899	87	6	(	(	PUNCT
dem-14899	87	7	arize	arize	PROPN
dem-14899	87	8	et	et	PROPN
dem-14899	87	9	al	al	PROPN
dem-14899	87	10	.	.	PROPN
dem-14899	87	11	,	,	PUNCT
dem-14899	87	12	2015	2015	NUM
dem-14899	87	13	)	)	PUNCT
dem-14899	87	14	,	,	PUNCT
dem-14899	87	15	at	at	ADP
dem-14899	87	16	least	least	ADJ
dem-14899	87	17	for	for	ADP
dem-14899	87	18	some	some	DET
dem-14899	87	19	specifications	specification	NOUN
dem-14899	87	20	(	(	PUNCT
dem-14899	87	21	rubaszek	rubaszek	NOUN
dem-14899	87	22	&	&	CCONJ
dem-14899	87	23	serwa	serwa	NOUN
dem-14899	87	24	,	,	PUNCT
dem-14899	87	25	2009	2009	NUM
dem-14899	87	26	;	;	PUNCT
dem-14899	87	27	wdowiński	wdowiński	ADJ
dem-14899	87	28	;	;	PUNCT
dem-14899	87	29	2010	2010	NUM
dem-14899	87	30	)	)	PUNCT
dem-14899	87	31	several	several	ADJ
dem-14899	87	32	forms	form	NOUN
dem-14899	87	33	of	of	ADP
dem-14899	87	34	weakform	weakform	ADJ
dem-14899	87	35	ppp	ppp	NOUN
dem-14899	87	36	(	(	PUNCT
dem-14899	87	37	as	as	ADP
dem-14899	87	38	proportionality	proportionality	NOUN
dem-14899	87	39	restrictions	restriction	NOUN
dem-14899	87	40	)	)	PUNCT
dem-14899	87	41	were	be	AUX
dem-14899	87	42	rejected	reject	VERB
dem-14899	87	43	.	.	PUNCT
dem-14899	88	1	recently	recently	ADV
dem-14899	88	2	for	for	ADP
dem-14899	88	3	samples	sample	NOUN
dem-14899	88	4	including	include	VERB
dem-14899	88	5	only	only	ADV
dem-14899	88	6	free	free	ADJ
dem-14899	88	7	floating	float	VERB
dem-14899	88	8	exchange	exchange	NOUN
dem-14899	88	9	rate	rate	NOUN
dem-14899	88	10	regime	regime	NOUN
dem-14899	88	11	period	period	NOUN
dem-14899	88	12	the	the	DET
dem-14899	88	13	weak	weak	ADJ
dem-14899	88	14	-	-	PUNCT
dem-14899	88	15	form	form	NOUN
dem-14899	88	16	ppp	ppp	NOUN
dem-14899	88	17	is	be	AUX
dem-14899	88	18	confirmed	confirm	VERB
dem-14899	88	19	or	or	CCONJ
dem-14899	88	20	not	not	PART
dem-14899	88	21	rejected	reject	VERB
dem-14899	88	22	quite	quite	ADV
dem-14899	88	23	frequently	frequently	ADV
dem-14899	88	24	.	.	PUNCT
dem-14899	89	1	surprisingly	surprisingly	ADV
dem-14899	89	2	,	,	PUNCT
dem-14899	89	3	the	the	DET
dem-14899	89	4	strongform	strongform	NOUN
dem-14899	89	5	ppp	ppp	NOUN
dem-14899	89	6	is	be	AUX
dem-14899	89	7	supported	support	VERB
dem-14899	89	8	only	only	ADV
dem-14899	89	9	exceptionally	exceptionally	ADV
dem-14899	89	10	.	.	PUNCT
dem-14899	90	1	kelm	kelm	PROPN
dem-14899	90	2	(	(	PUNCT
dem-14899	90	3	2013	2013	NUM
dem-14899	90	4	,	,	PUNCT
dem-14899	90	5	p.188	p.188	X
dem-14899	90	6	)	)	PUNCT
dem-14899	90	7	does	do	AUX
dem-14899	90	8	not	not	PART
dem-14899	90	9	reject	reject	VERB
dem-14899	90	10	symmetry	symmetry	NOUN
dem-14899	90	11	restriction	restriction	NOUN
dem-14899	90	12	in	in	ADP
dem-14899	90	13	one	one	NUM
dem-14899	90	14	of	of	ADP
dem-14899	90	15	specification	specification	NOUN
dem-14899	90	16	of	of	ADP
dem-14899	90	17	vecm	vecm	NOUN
dem-14899	90	18	with	with	ADP
dem-14899	90	19	i(2	i(2	PROPN
dem-14899	90	20	)	)	PUNCT
dem-14899	90	21	variables	variable	NOUN
dem-14899	90	22	and	and	CCONJ
dem-14899	90	23	rejects	reject	VERB
dem-14899	90	24	null	null	ADJ
dem-14899	90	25	hypothesis	hypothesis	NOUN
dem-14899	90	26	about	about	ADP
dem-14899	90	27	unit	unit	NOUN
dem-14899	90	28	rot	rot	VERB
dem-14899	90	29	against	against	ADP
dem-14899	90	30	estar	estar	ADJ
dem-14899	90	31	process	process	NOUN
dem-14899	90	32	for	for	ADP
dem-14899	90	33	the	the	DET
dem-14899	90	34	real	real	ADJ
dem-14899	90	35	exchange	exchange	NOUN
dem-14899	90	36	rate	rate	NOUN
dem-14899	90	37	.	.	PUNCT
dem-14899	91	1	however	however	ADV
dem-14899	91	2	both	both	DET
dem-14899	91	3	cases	case	NOUN
dem-14899	91	4	are	be	AUX
dem-14899	91	5	controversial	controversial	ADJ
dem-14899	91	6	–	–	PUNCT
dem-14899	91	7	as	as	SCONJ
dem-14899	91	8	in	in	ADP
dem-14899	91	9	vecm	vecm	NOUN
dem-14899	91	10	with	with	ADP
dem-14899	91	11	i(2	i(2	PROPN
dem-14899	91	12	)	)	PUNCT
dem-14899	91	13	variables	variable	NOUN
dem-14899	91	14	p	p	NOUN
dem-14899	91	15	-	-	PUNCT
dem-14899	91	16	value	value	NOUN
dem-14899	91	17	for	for	ADP
dem-14899	91	18	symmetry	symmetry	NOUN
dem-14899	91	19	restriction	restriction	NOUN
dem-14899	91	20	is	be	AUX
dem-14899	91	21	only	only	ADV
dem-14899	91	22	0.118	0.118	NUM
dem-14899	91	23	and	and	CCONJ
dem-14899	91	24	interpretation	interpretation	NOUN
dem-14899	91	25	of	of	ADP
dem-14899	91	26	model	model	NOUN
dem-14899	91	27	is	be	AUX
dem-14899	91	28	not	not	PART
dem-14899	91	29	straightforward	straightforward	ADJ
dem-14899	91	30	as	as	ADP
dem-14899	91	31	in	in	ADP
dem-14899	91	32	vecm	vecm	NOUN
dem-14899	91	33	with	with	ADP
dem-14899	91	34	only	only	ADJ
dem-14899	91	35	i(1	i(1	PROPN
dem-14899	91	36	)	)	PUNCT
dem-14899	91	37	variables	variable	NOUN
dem-14899	91	38	.	.	PUNCT
dem-14899	92	1	furthermore	furthermore	ADV
dem-14899	92	2	,	,	PUNCT
dem-14899	92	3	results	result	NOUN
dem-14899	92	4	of	of	ADP
dem-14899	92	5	unit	unit	NOUN
dem-14899	92	6	root	root	NOUN
dem-14899	92	7	test	test	NOUN
dem-14899	92	8	against	against	ADP
dem-14899	92	9	estar	estar	NOUN
dem-14899	92	10	are	be	AUX
dem-14899	92	11	driven	drive	VERB
dem-14899	92	12	by	by	ADP
dem-14899	92	13	abnormal	abnormal	ADJ
dem-14899	92	14	observations	observation	NOUN
dem-14899	92	15	,	,	PUNCT
dem-14899	92	16	mainly	mainly	ADV
dem-14899	92	17	from	from	ADP
dem-14899	92	18	the	the	DET
dem-14899	92	19	year	year	NOUN
dem-14899	92	20	2008	2008	NUM
dem-14899	92	21	(	(	PUNCT
dem-14899	92	22	kelm	kelm	PROPN
dem-14899	92	23	,	,	PUNCT
dem-14899	92	24	2013	2013	NUM
dem-14899	92	25	,	,	PUNCT
dem-14899	92	26	p.172–173	p.172–173	PROPN
dem-14899	92	27	)	)	PUNCT
dem-14899	92	28	.	.	PUNCT
dem-14899	93	1	3	3	X
dem-14899	93	2	.	.	NUM
dem-14899	93	3	econometric	econometric	ADJ
dem-14899	93	4	framework	framework	NOUN
dem-14899	93	5	utilizing	utilize	VERB
dem-14899	93	6	nonlinear	nonlinear	ADJ
dem-14899	93	7	cointegration	cointegration	NOUN
dem-14899	93	8	the	the	DET
dem-14899	93	9	econometric	econometric	ADJ
dem-14899	93	10	framework	framework	NOUN
dem-14899	93	11	applied	apply	VERB
dem-14899	93	12	here	here	ADV
dem-14899	93	13	is	be	AUX
dem-14899	93	14	designed	design	VERB
dem-14899	93	15	to	to	PART
dem-14899	93	16	fulfill	fulfill	VERB
dem-14899	93	17	assumptions	assumption	NOUN
dem-14899	93	18	of	of	ADP
dem-14899	93	19	existence	existence	NOUN
dem-14899	93	20	of	of	ADP
dem-14899	93	21	transaction	transaction	NOUN
dem-14899	93	22	costs	cost	NOUN
dem-14899	93	23	.	.	PUNCT
dem-14899	94	1	in	in	ADP
dem-14899	94	2	the	the	DET
dem-14899	94	3	multivariate	multivariate	NOUN
dem-14899	94	4	framework	framework	NOUN
dem-14899	94	5	,	,	PUNCT
dem-14899	94	6	threshold	threshold	NOUN
dem-14899	94	7	vecm	vecm	NOUN
dem-14899	94	8	(	(	PUNCT
dem-14899	94	9	tvecm	tvecm	NOUN
dem-14899	94	10	)	)	PUNCT
dem-14899	94	11	or	or	CCONJ
dem-14899	94	12	exponentially	exponentially	ADV
dem-14899	94	13	smooth	smooth	ADJ
dem-14899	94	14	transition	transition	NOUN
dem-14899	94	15	vecm	vecm	NOUN
dem-14899	94	16	(	(	PUNCT
dem-14899	94	17	estvecm	estvecm	PROPN
dem-14899	94	18	)	)	PUNCT
dem-14899	94	19	are	be	AUX
dem-14899	94	20	relevant	relevant	ADJ
dem-14899	94	21	.	.	PUNCT
dem-14899	95	1	in	in	ADP
dem-14899	95	2	these	these	DET
dem-14899	95	3	cases	case	NOUN
dem-14899	95	4	the	the	DET
dem-14899	95	5	dynamics	dynamic	NOUN
dem-14899	95	6	of	of	ADP
dem-14899	95	7	the	the	DET
dem-14899	95	8	adjustment	adjustment	NOUN
dem-14899	95	9	changes	change	VERB
dem-14899	95	10	across	across	ADP
dem-14899	95	11	regimes	regime	NOUN
dem-14899	95	12	(	(	PUNCT
dem-14899	95	13	inner	inner	ADJ
dem-14899	95	14	and	and	CCONJ
dem-14899	95	15	outer	outer	ADJ
dem-14899	95	16	)	)	PUNCT
dem-14899	95	17	,	,	PUNCT
dem-14899	95	18	while	while	SCONJ
dem-14899	95	19	in	in	ADP
dem-14899	95	20	the	the	DET
dem-14899	95	21	simple	simple	ADJ
dem-14899	95	22	linear	linear	PROPN
dem-14899	95	23	vecm	vecm	NOUN
dem-14899	95	24	adjustment	adjustment	NOUN
dem-14899	95	25	is	be	AUX
dem-14899	95	26	described	describe	VERB
dem-14899	95	27	by	by	ADP
dem-14899	95	28	a	a	DET
dem-14899	95	29	linear	linear	ADJ
dem-14899	95	30	function	function	NOUN
dem-14899	95	31	of	of	ADP
dem-14899	95	32	the	the	DET
dem-14899	95	33	magnitude	magnitude	NOUN
dem-14899	95	34	of	of	ADP
dem-14899	95	35	the	the	DET
dem-14899	95	36	deviations	deviation	NOUN
dem-14899	95	37	from	from	ADP
dem-14899	95	38	the	the	DET
dem-14899	95	39	long	long	ADJ
dem-14899	95	40	run	run	NOUN
dem-14899	95	41	equilibrium	equilibrium	NOUN
dem-14899	95	42	.	.	PUNCT
dem-14899	96	1	the	the	DET
dem-14899	96	2	driving	drive	VERB
dem-14899	96	3	forces	force	NOUN
dem-14899	96	4	of	of	ADP
dem-14899	96	5	the	the	DET
dem-14899	96	6	regime	regime	NOUN
dem-14899	96	7	changes	change	NOUN
dem-14899	96	8	are	be	AUX
dem-14899	96	9	governed	govern	VERB
dem-14899	96	10	by	by	ADP
dem-14899	96	11	the	the	DET
dem-14899	96	12	observed	observe	VERB
dem-14899	96	13	deviations	deviation	NOUN
dem-14899	96	14	from	from	ADP
dem-14899	96	15	the	the	DET
dem-14899	96	16	equilibrium	equilibrium	NOUN
dem-14899	96	17	through	through	ADP
dem-14899	96	18	the	the	DET
dem-14899	96	19	transition	transition	NOUN
dem-14899	96	20	function	function	NOUN
dem-14899	96	21	.	.	PUNCT
dem-14899	97	1	in	in	ADP
dem-14899	97	2	a	a	DET
dem-14899	97	3	tvecm	tvecm	NOUN
dem-14899	97	4	,	,	PUNCT
dem-14899	97	5	the	the	DET
dem-14899	97	6	regime	regime	NOUN
dem-14899	97	7	changes	change	NOUN
dem-14899	97	8	are	be	AUX
dem-14899	97	9	assumed	assume	VERB
dem-14899	97	10	to	to	PART
dem-14899	97	11	be	be	AUX
dem-14899	97	12	discrete	discrete	ADJ
dem-14899	97	13	,	,	PUNCT
dem-14899	97	14	whereas	whereas	SCONJ
dem-14899	97	15	in	in	ADP
dem-14899	97	16	an	an	DET
dem-14899	97	17	estvecm	estvecm	NOUN
dem-14899	97	18	,	,	PUNCT
dem-14899	97	19	the	the	DET
dem-14899	97	20	regimes	regime	NOUN
dem-14899	97	21	change	change	VERB
dem-14899	97	22	smoothly	smoothly	ADV
dem-14899	97	23	.	.	PUNCT
dem-14899	98	1	the	the	DET
dem-14899	98	2	final	final	ADJ
dem-14899	98	3	estvecm	estvecm	PROPN
dem-14899	98	4	specification	specification	NOUN
dem-14899	98	5	used	use	VERB
dem-14899	98	6	in	in	ADP
dem-14899	98	7	the	the	DET
dem-14899	98	8	research	research	NOUN
dem-14899	98	9	is	be	AUX
dem-14899	98	10	consistent	consistent	ADJ
dem-14899	98	11	with	with	ADP
dem-14899	98	12	gefang	gefang	PROPN
dem-14899	98	13	(	(	PUNCT
dem-14899	98	14	2008	2008	NUM
dem-14899	98	15	)	)	PUNCT
dem-14899	98	16	,	,	PUNCT
dem-14899	98	17	with	with	ADP
dem-14899	98	18	some	some	DET
dem-14899	98	19	modifications	modification	NOUN
dem-14899	98	20	–	–	PUNCT
dem-14899	98	21	allowing	allow	VERB
dem-14899	98	22	for	for	ADP
dem-14899	98	23	testing	test	VERB
dem-14899	98	24	the	the	DET
dem-14899	98	25	strongform	strongform	NOUN
dem-14899	98	26	ppp	ppp	NOUN
dem-14899	98	27	and	and	CCONJ
dem-14899	98	28	more	more	ADV
dem-14899	98	29	flexible	flexible	ADJ
dem-14899	98	30	specification	specification	NOUN
dem-14899	98	31	.	.	PUNCT
dem-14899	99	1	let	let	VERB
dem-14899	99	2	,	,	PUNCT
dem-14899	99	3	where	where	SCONJ
dem-14899	99	4	,	,	PUNCT
dem-14899	99	5	,	,	PUNCT
dem-14899	99	6	and	and	CCONJ
dem-14899	99	7	are	be	AUX
dem-14899	99	8	respectively	respectively	ADV
dem-14899	99	9	eur	eur	PROPN
dem-14899	99	10	/	/	SYM
dem-14899	99	11	pln	pln	PROPN
dem-14899	99	12	exchange	exchange	NOUN
dem-14899	99	13	rate	rate	NOUN
dem-14899	99	14	,	,	PUNCT
dem-14899	99	15	domestic	domestic	ADJ
dem-14899	99	16	price	price	NOUN
dem-14899	99	17	index	index	NOUN
dem-14899	99	18	and	and	CCONJ
dem-14899	99	19	foreign	foreign	ADJ
dem-14899	99	20	price	price	NOUN
dem-14899	99	21	index	index	NOUN
dem-14899	99	22	.	.	PUNCT
dem-14899	100	1	asforecasting	asforecaste	VERB
dem-14899	100	2	eur	eur	PROPN
dem-14899	100	3	/	/	SYM
dem-14899	100	4	pln	pln	PROPN
dem-14899	100	5	exchange	exchange	PROPN
dem-14899	100	6	rate	rate	NOUN
dem-14899	100	7	:	:	PUNCT
dem-14899	100	8	the	the	DET
dem-14899	100	9	role	role	NOUN
dem-14899	100	10	of	of	ADP
dem-14899	100	11	purchasing	purchase	VERB
dem-14899	100	12	power	power	NOUN
dem-14899	100	13	parity	parity	NOUN
dem-14899	100	14	…	…	SYM
dem-14899	100	15	dynamic	dynamic	ADJ
dem-14899	100	16	econometric	econometric	ADJ
dem-14899	100	17	models	model	NOUN
dem-14899	100	18	17	17	NUM
dem-14899	100	19	(	(	PUNCT
dem-14899	100	20	2017	2017	NUM
dem-14899	100	21	)	)	PUNCT
dem-14899	101	1	97–114	97–114	NUM
dem-14899	101	2	103	103	NUM
dem-14899	101	3	suming	sum	VERB
dem-14899	101	4	that	that	SCONJ
dem-14899	101	5	cointegration	cointegration	NOUN
dem-14899	101	6	relationship	relationship	NOUN
dem-14899	101	7	is	be	AUX
dem-14899	101	8	common	common	ADJ
dem-14899	101	9	among	among	ADP
dem-14899	101	10	regimes	regime	NOUN
dem-14899	101	11	,	,	PUNCT
dem-14899	101	12	the	the	DET
dem-14899	101	13	estvecm	estvecm	PROPN
dem-14899	101	14	is	be	AUX
dem-14899	101	15	described	describe	VERB
dem-14899	101	16	for	for	ADP
dem-14899	101	17	as	as	SCONJ
dem-14899	101	18	follows	follow	VERB
dem-14899	101	19	:	:	PUNCT
dem-14899	101	20	+	+	ADJ
dem-14899	101	21	dt	dt	X
dem-14899	101	22	z+h=1p	z+h=1p	NOUN
dem-14899	101	23	yt	yt	NOUN
dem-14899	101	24	h	h	NOUN
dem-14899	101	25	h	h	NOUN
dem-14899	101	26	z)+εt	z)+εt	PROPN
dem-14899	101	27	(	(	PUNCT
dem-14899	101	28	9	9	NUM
dem-14899	101	29	)	)	PUNCT
dem-14899	101	30	where	where	SCONJ
dem-14899	101	31	,	,	PUNCT
dem-14899	101	32	the	the	DET
dem-14899	101	33	error	error	NOUN
dem-14899	101	34	time	time	NOUN
dem-14899	101	35	ε	ε	PROPN
dem-14899	101	36	is	be	AUX
dem-14899	101	37	gaussian	gaussian	ADJ
dem-14899	101	38	white	white	ADJ
dem-14899	101	39	noise	noise	NOUN
dem-14899	101	40	process	process	NOUN
dem-14899	101	41	with	with	ADP
dem-14899	101	42	and	and	CCONJ
dem-14899	101	43	:	:	PUNCT
dem-14899	101	44	.	.	PUNCT
dem-14899	102	1	finally	finally	ADV
dem-14899	102	2	,	,	PUNCT
dem-14899	102	3	the	the	DET
dem-14899	102	4	deterministic	deterministic	ADJ
dem-14899	102	5	term	term	NOUN
dem-14899	102	6	contains	contain	VERB
dem-14899	102	7	intercept	intercept	NOUN
dem-14899	102	8	only	only	ADV
dem-14899	102	9	.	.	PUNCT
dem-14899	103	1	the	the	DET
dem-14899	103	2	dimensions	dimension	NOUN
dem-14899	103	3	of	of	ADP
dem-14899	103	4	and	and	CCONJ
dem-14899	103	5	are	be	AUX
dem-14899	103	6	[	[	PUNCT
dem-14899	103	7	,	,	PUNCT
dem-14899	103	8	the	the	DET
dem-14899	103	9	dimension	dimension	NOUN
dem-14899	103	10	of	of	ADP
dem-14899	103	11	is	be	AUX
dem-14899	103	12	[	[	PUNCT
dem-14899	103	13	,	,	PUNCT
dem-14899	103	14	while	while	SCONJ
dem-14899	103	15	the	the	DET
dem-14899	103	16	dimensions	dimension	NOUN
dem-14899	103	17	of	of	ADP
dem-14899	103	18	and	and	CCONJ
dem-14899	103	19	are	be	AUX
dem-14899	103	20	[	[	PUNCT
dem-14899	103	21	,	,	PUNCT
dem-14899	103	22	with	with	ADP
dem-14899	103	23	r	r	NOUN
dem-14899	103	24	denoting	denote	VERB
dem-14899	103	25	the	the	DET
dem-14899	103	26	cointegration	cointegration	NOUN
dem-14899	103	27	rank	rank	NOUN
dem-14899	103	28	.	.	PUNCT
dem-14899	104	1	in	in	ADP
dem-14899	104	2	this	this	DET
dem-14899	104	3	research	research	NOUN
dem-14899	104	4	it	it	PRON
dem-14899	104	5	is	be	AUX
dem-14899	104	6	assumed	assume	VERB
dem-14899	104	7	that	that	PRON
dem-14899	104	8	.	.	PUNCT
dem-14899	105	1	if	if	SCONJ
dem-14899	105	2	strong	strong	ADJ
dem-14899	105	3	-	-	PUNCT
dem-14899	105	4	form	form	NOUN
dem-14899	105	5	ppp	ppp	NOUN
dem-14899	105	6	holds	hold	NOUN
dem-14899	105	7	,	,	PUNCT
dem-14899	105	8	we	we	PRON
dem-14899	105	9	have	have	VERB
dem-14899	105	10	:	:	PUNCT
dem-14899	105	11	.	.	PUNCT
dem-14899	106	1	in	in	ADP
dem-14899	106	2	(	(	PUNCT
dem-14899	106	3	9	9	X
dem-14899	106	4	)	)	PUNCT
dem-14899	106	5	changes	change	NOUN
dem-14899	106	6	of	of	ADP
dem-14899	106	7	regimes	regime	NOUN
dem-14899	106	8	are	be	AUX
dem-14899	106	9	driven	drive	VERB
dem-14899	106	10	by	by	ADP
dem-14899	106	11	past	past	ADJ
dem-14899	106	12	deviations	deviation	NOUN
dem-14899	106	13	from	from	ADP
dem-14899	106	14	the	the	DET
dem-14899	106	15	equilibrium	equilibrium	NOUN
dem-14899	106	16	relationships	relationship	NOUN
dem-14899	106	17	and	and	CCONJ
dem-14899	106	18	dynamics	dynamic	NOUN
dem-14899	106	19	of	of	ADP
dem-14899	106	20	changes	change	NOUN
dem-14899	106	21	of	of	ADP
dem-14899	106	22	regimes	regime	NOUN
dem-14899	106	23	are	be	AUX
dem-14899	106	24	captured	capture	VERB
dem-14899	106	25	by	by	ADP
dem-14899	106	26	the	the	DET
dem-14899	106	27	exponential	exponential	ADJ
dem-14899	106	28	smooth	smooth	ADJ
dem-14899	106	29	transition	transition	NOUN
dem-14899	106	30	function	function	NOUN
dem-14899	106	31	proposed	propose	VERB
dem-14899	106	32	by	by	ADP
dem-14899	106	33	teräsvirta	teräsvirta	PROPN
dem-14899	106	34	(	(	PUNCT
dem-14899	106	35	1994	1994	NUM
dem-14899	106	36	):	):	PUNCT
dem-14899	106	37	)	)	PUNCT
dem-14899	106	38	,	,	PUNCT
dem-14899	106	39	(	(	PUNCT
dem-14899	106	40	10	10	NUM
dem-14899	106	41	)	)	PUNCT
dem-14899	106	42	where	where	SCONJ
dem-14899	106	43	the	the	DET
dem-14899	106	44	transition	transition	NOUN
dem-14899	106	45	variable	variable	NOUN
dem-14899	106	46	is	be	AUX
dem-14899	106	47	the	the	DET
dem-14899	106	48	cointegrating	cointegrate	VERB
dem-14899	106	49	combination	combination	NOUN
dem-14899	106	50	between	between	ADP
dem-14899	106	51	ln(s	ln(	NOUN
dem-14899	106	52	)	)	PUNCT
dem-14899	106	53	,	,	PUNCT
dem-14899	106	54	ln(p	ln(p	NUM
dem-14899	106	55	)	)	PUNCT
dem-14899	106	56	and	and	CCONJ
dem-14899	106	57	ln	ln	ADJ
dem-14899	106	58	(	(	PUNCT
dem-14899	106	59	)	)	PUNCT
dem-14899	106	60	at	at	ADP
dem-14899	106	61	time	time	NOUN
dem-14899	106	62	t	t	PROPN
dem-14899	106	63	–	–	PUNCT
dem-14899	106	64	d	d	NOUN
dem-14899	106	65	2	2	NUM
dem-14899	106	66	,	,	PUNCT
dem-14899	106	67	c	c	PROPN
dem-14899	106	68	denotes	denote	VERB
dem-14899	106	69	the	the	DET
dem-14899	106	70	equilibrium	equilibrium	NOUN
dem-14899	106	71	level	level	NOUN
dem-14899	106	72	of	of	ADP
dem-14899	106	73	cointegration	cointegration	NOUN
dem-14899	106	74	relationship	relationship	NOUN
dem-14899	106	75	and	and	CCONJ
dem-14899	106	76	γ	γ	NOUN
dem-14899	106	77	is	be	AUX
dem-14899	106	78	the	the	DET
dem-14899	106	79	smoothness	smoothness	ADJ
dem-14899	106	80	parameter	parameter	NOUN
dem-14899	106	81	.	.	PUNCT
dem-14899	107	1	higher	high	ADJ
dem-14899	107	2	γ	γ	PROPN
dem-14899	107	3	induces	induce	VERB
dem-14899	107	4	faster	fast	ADJ
dem-14899	107	5	transition	transition	NOUN
dem-14899	107	6	.	.	PUNCT
dem-14899	108	1	this	this	DET
dem-14899	108	2	function	function	NOUN
dem-14899	108	3	has	have	VERB
dem-14899	108	4	symmetric	symmetric	ADJ
dem-14899	108	5	u	u	NOUN
dem-14899	108	6	shape	shape	NOUN
dem-14899	108	7	,	,	PUNCT
dem-14899	108	8	which	which	DET
dem-14899	108	9	illustrative	illustrative	ADJ
dem-14899	108	10	example	example	NOUN
dem-14899	108	11	for	for	ADP
dem-14899	108	12	the	the	DET
dem-14899	108	13	case	case	NOUN
dem-14899	108	14	with	with	ADP
dem-14899	108	15	c	c	NOUN
dem-14899	108	16	=	=	SYM
dem-14899	108	17	0	0	NUM
dem-14899	108	18	is	be	AUX
dem-14899	108	19	presented	present	VERB
dem-14899	108	20	on	on	ADP
dem-14899	108	21	figure	figure	NOUN
dem-14899	108	22	1	1	NUM
dem-14899	109	1	.	.	PUNCT
dem-14899	109	2	formulas	formula	NOUN
dem-14899	109	3	(	(	PUNCT
dem-14899	109	4	9	9	NUM
dem-14899	109	5	)	)	PUNCT
dem-14899	109	6	and	and	CCONJ
dem-14899	109	7	(	(	PUNCT
dem-14899	109	8	10	10	NUM
dem-14899	109	9	)	)	PUNCT
dem-14899	109	10	allow	allow	VERB
dem-14899	109	11	for	for	ADP
dem-14899	109	12	a	a	DET
dem-14899	109	13	set	set	NOUN
dem-14899	109	14	of	of	ADP
dem-14899	109	15	models	model	NOUN
dem-14899	109	16	,	,	PUNCT
dem-14899	109	17	varying	vary	VERB
dem-14899	109	18	the	the	DET
dem-14899	109	19	order	order	NOUN
dem-14899	109	20	of	of	ADP
dem-14899	109	21	the	the	DET
dem-14899	109	22	autoregressive	autoregressive	ADJ
dem-14899	109	23	process	process	NOUN
dem-14899	109	24	,	,	PUNCT
dem-14899	109	25	lag	lag	VERB
dem-14899	109	26	length	length	NOUN
dem-14899	109	27	of	of	ADP
dem-14899	109	28	the	the	DET
dem-14899	109	29	transition	transition	NOUN
dem-14899	109	30	variable	variable	NOUN
dem-14899	109	31	and	and	CCONJ
dem-14899	109	32	presence	presence	NOUN
dem-14899	109	33	of	of	ADP
dem-14899	109	34	nonlinearity	nonlinearity	NOUN
dem-14899	109	35	in	in	ADP
dem-14899	109	36	loading	loading	NOUN
dem-14899	109	37	coefficients	coefficient	NOUN
dem-14899	109	38	,	,	PUNCT
dem-14899	109	39	autoregressive	autoregressive	ADJ
dem-14899	109	40	process	process	NOUN
dem-14899	109	41	and	and	CCONJ
dem-14899	109	42	deterministic	deterministic	ADJ
dem-14899	109	43	terms	term	NOUN
dem-14899	109	44	.	.	PUNCT
dem-14899	110	1	in	in	ADP
dem-14899	110	2	this	this	DET
dem-14899	110	3	research	research	NOUN
dem-14899	110	4	we	we	PRON
dem-14899	110	5	assume	assume	VERB
dem-14899	110	6	that	that	SCONJ
dem-14899	110	7	,	,	PUNCT
dem-14899	110	8	,	,	PUNCT
dem-14899	110	9	while	while	SCONJ
dem-14899	110	10	different	different	ADJ
dem-14899	110	11	variants	variant	NOUN
dem-14899	110	12	of	of	ADP
dem-14899	110	13	non	non	ADJ
dem-14899	110	14	-	-	ADJ
dem-14899	110	15	linearity	linearity	NOUN
dem-14899	110	16	in	in	ADP
dem-14899	110	17	particular	particular	ADJ
dem-14899	110	18	element	element	NOUN
dem-14899	110	19	of	of	ADP
dem-14899	110	20	estvecm	estvecm	NOUN
dem-14899	110	21	are	be	AUX
dem-14899	110	22	allowed	allow	VERB
dem-14899	110	23	in	in	ADP
dem-14899	110	24	(	(	PUNCT
dem-14899	110	25	9	9	NUM
dem-14899	110	26	)	)	PUNCT
dem-14899	110	27	.	.	PUNCT
dem-14899	111	1	these	these	DET
dem-14899	111	2	variants	variant	NOUN
dem-14899	111	3	of	of	ADP
dem-14899	111	4	nonlinearities	nonlinearitie	NOUN
dem-14899	111	5	could	could	AUX
dem-14899	111	6	be	be	AUX
dem-14899	111	7	described	describe	VERB
dem-14899	111	8	by	by	ADP
dem-14899	111	9	zero	zero	NUM
dem-14899	111	10	restrictions	restriction	NOUN
dem-14899	111	11	in	in	ADP
dem-14899	111	12	,	,	PUNCT
dem-14899	111	13	.	.	PUNCT
dem-14899	112	1	the	the	DET
dem-14899	112	2	set	set	NOUN
dem-14899	112	3	of	of	ADP
dem-14899	112	4	competing	compete	VERB
dem-14899	112	5	specifications	specification	NOUN
dem-14899	112	6	are	be	AUX
dem-14899	112	7	presented	present	VERB
dem-14899	112	8	in	in	ADP
dem-14899	112	9	table	table	NOUN
dem-14899	112	10	1	1	NUM
dem-14899	112	11	.	.	SYM
dem-14899	112	12	2	2	NUM
dem-14899	112	13	when	when	SCONJ
dem-14899	112	14	strict	strict	ADJ
dem-14899	112	15	ppp	ppp	NOUN
dem-14899	112	16	holds	hold	VERB
dem-14899	112	17	it	it	PRON
dem-14899	112	18	could	could	AUX
dem-14899	112	19	be	be	AUX
dem-14899	112	20	interpreted	interpret	VERB
dem-14899	112	21	as	as	ADP
dem-14899	112	22	real	real	ADJ
dem-14899	112	23	exchange	exchange	NOUN
dem-14899	112	24	rate	rate	NOUN
dem-14899	112	25	at	at	ADP
dem-14899	112	26	time	time	NOUN
dem-14899	112	27	t	t	PROPN
dem-14899	112	28	-	-	PUNCT
dem-14899	112	29	d.	d.	PROPN
dem-14899	112	30	adrian	adrian	PROPN
dem-14899	112	31	burda	burda	PROPN
dem-14899	112	32	,	,	PUNCT
dem-14899	112	33	błażej	błażej	PROPN
dem-14899	112	34	mazur	mazur	NOUN
dem-14899	112	35	,	,	PUNCT
dem-14899	112	36	mateusz	mateusz	PROPN
dem-14899	112	37	pipień	pipień	NOUN
dem-14899	112	38	dynamic	dynamic	ADJ
dem-14899	112	39	econometric	econometric	ADJ
dem-14899	112	40	models	model	NOUN
dem-14899	112	41	17	17	NUM
dem-14899	112	42	(	(	PUNCT
dem-14899	112	43	2017	2017	NUM
dem-14899	112	44	)	)	PUNCT
dem-14899	113	1	97–114	97–114	NUM
dem-14899	113	2	104	104	NUM
dem-14899	113	3	figure	figure	NOUN
dem-14899	113	4	1	1	NUM
dem-14899	113	5	.	.	PUNCT
dem-14899	113	6	illustrative	illustrative	ADJ
dem-14899	113	7	example	example	NOUN
dem-14899	113	8	for	for	ADP
dem-14899	113	9	the	the	DET
dem-14899	113	10	exponential	exponential	ADJ
dem-14899	113	11	smooth	smooth	ADJ
dem-14899	113	12	transition	transition	NOUN
dem-14899	113	13	function	function	NOUN
dem-14899	113	14	with	with	ADP
dem-14899	113	15	different	different	ADJ
dem-14899	113	16	values	value	NOUN
dem-14899	113	17	of	of	ADP
dem-14899	113	18	γ	γ	NOUN
dem-14899	113	19	table	table	NOUN
dem-14899	113	20	1	1	NUM
dem-14899	113	21	.	.	PUNCT
dem-14899	114	1	the	the	DET
dem-14899	114	2	set	set	NOUN
dem-14899	114	3	of	of	ADP
dem-14899	114	4	competing	compete	VERB
dem-14899	114	5	specifications	specification	NOUN
dem-14899	114	6	models	model	NOUN
dem-14899	114	7	estvec	estvec	VERB
dem-14899	114	8	full	full	ADJ
dem-14899	114	9	estvec	estvec	PROPN
dem-14899	114	10	α	α	PROPN
dem-14899	114	11	estvec	estvec	PROPN
dem-14899	114	12	α	α	X
dem-14899	114	13	,	,	PUNCT
dem-14899	114	14	ξ	ξ	PROPN
dem-14899	114	15	estvec	estvec	PROPN
dem-14899	114	16	α	α	X
dem-14899	114	17	,	,	PUNCT
dem-14899	114	18	г	г	PROPN
dem-14899	114	19	estvec	estvec	PROPN
dem-14899	114	20	г	г	PROPN
dem-14899	114	21	,	,	PUNCT
dem-14899	114	22	ξ	ξ	PROPN
dem-14899	114	23	estvec	estvec	PROPN
dem-14899	114	24	г	г	PROPN
dem-14899	114	25	estvec	estvec	PROPN
dem-14899	114	26	ξ	ξ	ADP
dem-14899	114	27	parameters	parameter	NOUN
dem-14899	114	28	under	under	ADP
dem-14899	114	29	zero	zero	NUM
dem-14899	114	30	restrictions	restriction	NOUN
dem-14899	114	31	none	none	NOUN
dem-14899	114	32	4	4	NUM
dem-14899	114	33	.	.	PUNCT
dem-14899	115	1	empirical	empirical	ADJ
dem-14899	115	2	results	result	NOUN
dem-14899	115	3	we	we	PRON
dem-14899	115	4	used	use	VERB
dem-14899	115	5	monthly	monthly	ADJ
dem-14899	115	6	data	datum	NOUN
dem-14899	115	7	of	of	ADP
dem-14899	115	8	the	the	DET
dem-14899	115	9	nominal	nominal	ADJ
dem-14899	115	10	exchange	exchange	NOUN
dem-14899	115	11	rate	rate	NOUN
dem-14899	115	12	eur	eur	PROPN
dem-14899	115	13	/	/	SYM
dem-14899	115	14	pln	pln	PROPN
dem-14899	115	15	(	(	PUNCT
dem-14899	115	16	monthly	monthly	ADJ
dem-14899	115	17	average	average	NOUN
dem-14899	115	18	)	)	PUNCT
dem-14899	115	19	and	and	CCONJ
dem-14899	115	20	ppi	ppi	PROPN
dem-14899	115	21	manufacturing	manufacturing	NOUN
dem-14899	115	22	indices	index	NOUN
dem-14899	115	23	in	in	ADP
dem-14899	115	24	poland	poland	PROPN
dem-14899	115	25	and	and	CCONJ
dem-14899	115	26	euro	euro	NOUN
dem-14899	115	27	area	area	NOUN
dem-14899	115	28	.	.	PUNCT
dem-14899	116	1	the	the	DET
dem-14899	116	2	full	full	ADJ
dem-14899	116	3	sample	sample	NOUN
dem-14899	116	4	covers	cover	VERB
dem-14899	116	5	the	the	DET
dem-14899	116	6	period	period	NOUN
dem-14899	116	7	from	from	ADP
dem-14899	116	8	january	january	PROPN
dem-14899	116	9	1999	1999	NUM
dem-14899	116	10	to	to	ADP
dem-14899	116	11	february	february	PROPN
dem-14899	116	12	2016	2016	NUM
dem-14899	116	13	and	and	CCONJ
dem-14899	116	14	hence	hence	ADV
dem-14899	116	15	the	the	DET
dem-14899	116	16	total	total	ADJ
dem-14899	116	17	number	number	NOUN
dem-14899	116	18	of	of	ADP
dem-14899	116	19	observations	observation	NOUN
dem-14899	116	20	,	,	PUNCT
dem-14899	116	21	including	include	VERB
dem-14899	116	22	starting	start	VERB
dem-14899	116	23	values	value	NOUN
dem-14899	116	24	,	,	PUNCT
dem-14899	116	25	is	be	AUX
dem-14899	116	26	206	206	NUM
dem-14899	116	27	.	.	PUNCT
dem-14899	117	1	we	we	PRON
dem-14899	117	2	also	also	ADV
dem-14899	117	3	performed	perform	VERB
dem-14899	117	4	recursive	recursive	ADJ
dem-14899	117	5	estimation	estimation	NOUN
dem-14899	117	6	and	and	CCONJ
dem-14899	117	7	prediction	prediction	NOUN
dem-14899	117	8	on	on	ADP
dem-14899	117	9	the	the	DET
dem-14899	117	10	basis	basis	NOUN
dem-14899	117	11	of	of	ADP
dem-14899	117	12	expanding	expand	VERB
dem-14899	117	13	windows	window	NOUN
dem-14899	117	14	,	,	PUNCT
dem-14899	117	15	starting	start	VERB
dem-14899	117	16	from	from	ADP
dem-14899	117	17	the	the	DET
dem-14899	117	18	smallest	small	ADJ
dem-14899	117	19	sample	sample	NOUN
dem-14899	117	20	covering	cover	VERB
dem-14899	117	21	the	the	DET
dem-14899	117	22	period	period	NOUN
dem-14899	117	23	from	from	ADP
dem-14899	117	24	january	january	PROPN
dem-14899	117	25	1999	1999	NUM
dem-14899	117	26	to	to	ADP
dem-14899	117	27	february	february	PROPN
dem-14899	117	28	2006	2006	NUM
dem-14899	117	29	and	and	CCONJ
dem-14899	117	30	ending	end	VERB
dem-14899	117	31	up	up	ADP
dem-14899	117	32	on	on	ADP
dem-14899	117	33	the	the	DET
dem-14899	117	34	sample	sample	NOUN
dem-14899	117	35	from	from	ADP
dem-14899	117	36	january	january	PROPN
dem-14899	117	37	1999	1999	NUM
dem-14899	117	38	to	to	ADP
dem-14899	117	39	february	february	PROPN
dem-14899	117	40	2016	2016	NUM
dem-14899	117	41	.	.	PUNCT
dem-14899	118	1	we	we	PRON
dem-14899	118	2	estimated	estimate	VERB
dem-14899	118	3	parameters	parameter	NOUN
dem-14899	118	4	of	of	ADP
dem-14899	118	5	all	all	DET
dem-14899	118	6	competing	compete	VERB
dem-14899	118	7	models	model	NOUN
dem-14899	118	8	on	on	ADP
dem-14899	118	9	the	the	DET
dem-14899	118	10	basis	basis	NOUN
dem-14899	118	11	of	of	ADP
dem-14899	118	12	maximum	maximum	ADJ
dem-14899	118	13	likelihood	likelihood	NOUN
dem-14899	118	14	estimator	estimator	NOUN
dem-14899	118	15	.	.	PUNCT
dem-14899	119	1	the	the	DET
dem-14899	119	2	strong	strong	ADJ
dem-14899	119	3	form	form	NOUN
dem-14899	119	4	ppp	ppp	NOUN
dem-14899	119	5	is	be	AUX
dem-14899	119	6	tested	test	VERB
dem-14899	119	7	with	with	ADP
dem-14899	119	8	the	the	DET
dem-14899	119	9	use	use	NOUN
dem-14899	119	10	of	of	ADP
dem-14899	119	11	lr	lr	NOUN
dem-14899	119	12	statistics	statistic	NOUN
dem-14899	119	13	.	.	PUNCT
dem-14899	120	1	the	the	DET
dem-14899	120	2	model	model	NOUN
dem-14899	120	3	under	under	ADP
dem-14899	120	4	the	the	DET
dem-14899	120	5	null	null	ADJ
dem-14899	120	6	hypothesis	hypothesis	NOUN
dem-14899	120	7	is	be	AUX
dem-14899	120	8	obtained	obtain	VERB
dem-14899	120	9	by	by	ADP
dem-14899	120	10	the	the	DET
dem-14899	120	11	following	follow	VERB
dem-14899	120	12	restriction	restriction	NOUN
dem-14899	120	13	:	:	PUNCT
dem-14899	120	14	.	.	PUNCT
dem-14899	121	1	we	we	PRON
dem-14899	121	2	compared	compare	VERB
dem-14899	121	3	the	the	DET
dem-14899	121	4	forecasting	forecasting	NOUN
dem-14899	121	5	performance	performance	NOUN
dem-14899	121	6	of	of	ADP
dem-14899	121	7	models	model	NOUN
dem-14899	121	8	on	on	ADP
dem-14899	121	9	the	the	DET
dem-14899	121	10	basis	basis	NOUN
dem-14899	121	11	of	of	ADP
dem-14899	121	12	mae	mae	PROPN
dem-14899	121	13	and	and	CCONJ
dem-14899	121	14	rmse	rmse	ADJ
dem-14899	121	15	summaries	summary	NOUN
dem-14899	121	16	.	.	PUNCT
dem-14899	122	1	also	also	ADV
dem-14899	122	2	diebold	diebold	VERB
dem-14899	122	3	and	and	CCONJ
dem-14899	122	4	mariano	mariano	PROPN
dem-14899	122	5	(	(	PUNCT
dem-14899	122	6	1995	1995	NUM
dem-14899	122	7	)	)	PUNCT
dem-14899	122	8	test	test	NOUN
dem-14899	122	9	(	(	PUNCT
dem-14899	122	10	dm	dm	NOUN
dem-14899	122	11	)	)	PUNCT
dem-14899	122	12	forecasting	forecast	VERB
dem-14899	122	13	eur	eur	PROPN
dem-14899	122	14	/	/	SYM
dem-14899	122	15	pln	pln	PROPN
dem-14899	122	16	exchange	exchange	PROPN
dem-14899	122	17	rate	rate	NOUN
dem-14899	122	18	:	:	PUNCT
dem-14899	122	19	the	the	DET
dem-14899	122	20	role	role	NOUN
dem-14899	122	21	of	of	ADP
dem-14899	122	22	purchasing	purchase	VERB
dem-14899	122	23	power	power	NOUN
dem-14899	122	24	parity	parity	NOUN
dem-14899	122	25	…	…	SYM
dem-14899	122	26	dynamic	dynamic	ADJ
dem-14899	122	27	econometric	econometric	ADJ
dem-14899	122	28	models	model	NOUN
dem-14899	122	29	17	17	NUM
dem-14899	122	30	(	(	PUNCT
dem-14899	122	31	2017	2017	NUM
dem-14899	122	32	)	)	PUNCT
dem-14899	123	1	97–114	97–114	NUM
dem-14899	123	2	105	105	NUM
dem-14899	123	3	was	be	AUX
dem-14899	123	4	applied	apply	VERB
dem-14899	123	5	to	to	PART
dem-14899	123	6	check	check	VERB
dem-14899	123	7	significance	significance	NOUN
dem-14899	123	8	of	of	ADP
dem-14899	123	9	differences	difference	NOUN
dem-14899	123	10	of	of	ADP
dem-14899	123	11	generated	generate	VERB
dem-14899	123	12	series	series	NOUN
dem-14899	123	13	of	of	ADP
dem-14899	123	14	forecasts	forecast	NOUN
dem-14899	123	15	from	from	ADP
dem-14899	123	16	the	the	DET
dem-14899	123	17	analogous	analogous	ADJ
dem-14899	123	18	series	series	NOUN
dem-14899	123	19	obtained	obtain	VERB
dem-14899	123	20	on	on	ADP
dem-14899	123	21	the	the	DET
dem-14899	123	22	basis	basis	NOUN
dem-14899	123	23	of	of	ADP
dem-14899	123	24	the	the	DET
dem-14899	123	25	random	random	ADJ
dem-14899	123	26	walk	walk	NOUN
dem-14899	123	27	(	(	PUNCT
dem-14899	123	28	rw	rw	NOUN
dem-14899	123	29	)	)	PUNCT
dem-14899	123	30	strategy	strategy	NOUN
dem-14899	123	31	.	.	PUNCT
dem-14899	124	1	the	the	DET
dem-14899	124	2	dm	dm	PROPN
dem-14899	124	3	procedure	procedure	NOUN
dem-14899	124	4	was	be	AUX
dem-14899	124	5	applied	apply	VERB
dem-14899	124	6	together	together	ADV
dem-14899	124	7	with	with	ADP
dem-14899	124	8	small	small	ADJ
dem-14899	124	9	sample	sample	NOUN
dem-14899	124	10	corrections	correction	NOUN
dem-14899	124	11	(	(	PUNCT
dem-14899	124	12	hln	hln	PROPN
dem-14899	124	13	)	)	PUNCT
dem-14899	124	14	proposed	propose	VERB
dem-14899	124	15	by	by	ADP
dem-14899	124	16	harvey	harvey	NOUN
dem-14899	124	17	,	,	PUNCT
dem-14899	124	18	leybourne	leybourne	ADJ
dem-14899	124	19	and	and	CCONJ
dem-14899	124	20	newbold	newbold	PROPN
dem-14899	124	21	(	(	PUNCT
dem-14899	124	22	1997	1997	NUM
dem-14899	124	23	)	)	PUNCT
dem-14899	124	24	.	.	PUNCT
dem-14899	125	1	table	table	NOUN
dem-14899	125	2	2	2	NUM
dem-14899	125	3	contains	contain	VERB
dem-14899	125	4	model	model	NOUN
dem-14899	125	5	comparison	comparison	NOUN
dem-14899	125	6	results	result	NOUN
dem-14899	125	7	for	for	ADP
dem-14899	125	8	vec	vec	NOUN
dem-14899	125	9	specifications	specification	NOUN
dem-14899	125	10	and	and	CCONJ
dem-14899	125	11	several	several	ADJ
dem-14899	125	12	generalisations	generalisation	NOUN
dem-14899	125	13	towards	towards	ADP
dem-14899	125	14	smooth	smooth	ADJ
dem-14899	125	15	transition	transition	NOUN
dem-14899	125	16	mechanism	mechanism	NOUN
dem-14899	125	17	.	.	PUNCT
dem-14899	126	1	we	we	PRON
dem-14899	126	2	present	present	VERB
dem-14899	126	3	logarithmic	logarithmic	ADJ
dem-14899	126	4	values	value	NOUN
dem-14899	126	5	of	of	ADP
dem-14899	126	6	the	the	DET
dem-14899	126	7	likelihood	likelihood	NOUN
dem-14899	126	8	calculated	calculate	VERB
dem-14899	126	9	at	at	ADP
dem-14899	126	10	ml	ml	NOUN
dem-14899	126	11	estimates	estimate	NOUN
dem-14899	126	12	(	(	PUNCT
dem-14899	126	13	ll	ll	NOUN
dem-14899	126	14	)	)	PUNCT
dem-14899	126	15	and	and	CCONJ
dem-14899	126	16	aic	aic	PROPN
dem-14899	126	17	,	,	PUNCT
dem-14899	126	18	bic	bic	PROPN
dem-14899	126	19	and	and	CCONJ
dem-14899	126	20	hic	hic	ADJ
dem-14899	126	21	scores	score	NOUN
dem-14899	126	22	,	,	PUNCT
dem-14899	126	23	respectively	respectively	ADV
dem-14899	126	24	.	.	PUNCT
dem-14899	127	1	estimation	estimation	NOUN
dem-14899	127	2	is	be	AUX
dem-14899	127	3	conducted	conduct	VERB
dem-14899	127	4	for	for	ADP
dem-14899	127	5	unrestricted	unrestricted	ADJ
dem-14899	127	6	cases	case	NOUN
dem-14899	127	7	and	and	CCONJ
dem-14899	127	8	alternatively	alternatively	ADV
dem-14899	127	9	with	with	SCONJ
dem-14899	127	10	ppp	ppp	NOUN
dem-14899	127	11	restriction	restriction	NOUN
dem-14899	127	12	imposed	impose	VERB
dem-14899	127	13	.	.	PUNCT
dem-14899	128	1	the	the	DET
dem-14899	128	2	likelihood	likelihood	NOUN
dem-14899	128	3	inference	inference	NOUN
dem-14899	128	4	clearly	clearly	ADV
dem-14899	128	5	indicates	indicate	VERB
dem-14899	128	6	superiority	superiority	NOUN
dem-14899	128	7	of	of	ADP
dem-14899	128	8	the	the	DET
dem-14899	128	9	smooth	smooth	ADJ
dem-14899	128	10	transition	transition	NOUN
dem-14899	128	11	mechanism	mechanism	NOUN
dem-14899	128	12	against	against	ADP
dem-14899	128	13	simple	simple	ADJ
dem-14899	128	14	vec	vec	PROPN
dem-14899	128	15	construct	construct	NOUN
dem-14899	128	16	.	.	PUNCT
dem-14899	129	1	the	the	DET
dem-14899	129	2	greatest	great	ADJ
dem-14899	129	3	data	data	NOUN
dem-14899	129	4	support	support	NOUN
dem-14899	129	5	,	,	PUNCT
dem-14899	129	6	measured	measure	VERB
dem-14899	129	7	by	by	ADP
dem-14899	129	8	ll	ll	NOUN
dem-14899	129	9	value	value	NOUN
dem-14899	129	10	,	,	PUNCT
dem-14899	129	11	received	receive	VERB
dem-14899	129	12	full	full	ADJ
dem-14899	129	13	estvec	estvec	NOUN
dem-14899	129	14	model	model	NOUN
dem-14899	129	15	and	and	CCONJ
dem-14899	129	16	some	some	DET
dem-14899	129	17	limited	limited	ADJ
dem-14899	129	18	parameterisations	parameterisation	NOUN
dem-14899	129	19	with	with	ADP
dem-14899	129	20	nonlinearities	nonlinearitie	NOUN
dem-14899	129	21	in	in	ADP
dem-14899	129	22	г	г	PROPN
dem-14899	129	23	and	and	CCONJ
dem-14899	129	24	ξ	ξ	X
dem-14899	129	25	separately	separately	ADV
dem-14899	129	26	and	and	CCONJ
dem-14899	129	27	jointly	jointly	ADV
dem-14899	129	28	г	г	PROPN
dem-14899	129	29	,	,	PUNCT
dem-14899	129	30	ξ	ξ	PROPN
dem-14899	129	31	.	.	PUNCT
dem-14899	130	1	however	however	ADV
dem-14899	130	2	these	these	DET
dem-14899	130	3	models	model	NOUN
dem-14899	130	4	seem	seem	VERB
dem-14899	130	5	to	to	PART
dem-14899	130	6	be	be	AUX
dem-14899	130	7	too	too	ADV
dem-14899	130	8	heavily	heavily	ADV
dem-14899	130	9	parameterised	parameterise	VERB
dem-14899	130	10	and	and	CCONJ
dem-14899	130	11	are	be	AUX
dem-14899	130	12	penalised	penalise	VERB
dem-14899	130	13	substantially	substantially	ADV
dem-14899	130	14	by	by	ADP
dem-14899	130	15	information	information	NOUN
dem-14899	130	16	criteria	criterion	NOUN
dem-14899	130	17	scores	score	NOUN
dem-14899	130	18	.	.	PUNCT
dem-14899	131	1	among	among	ADP
dem-14899	131	2	unrestricted	unrestricted	ADJ
dem-14899	131	3	specifications	specification	NOUN
dem-14899	131	4	,	,	PUNCT
dem-14899	131	5	smooth	smooth	ADJ
dem-14899	131	6	transition	transition	NOUN
dem-14899	131	7	mechanism	mechanism	NOUN
dem-14899	131	8	in	in	ADP
dem-14899	131	9	parameters	parameter	NOUN
dem-14899	131	10	ξ	ξ	PROPN
dem-14899	131	11	seems	seem	VERB
dem-14899	131	12	to	to	PART
dem-14899	131	13	be	be	AUX
dem-14899	131	14	an	an	DET
dem-14899	131	15	optimal	optimal	ADJ
dem-14899	131	16	compromise	compromise	NOUN
dem-14899	131	17	resulting	result	VERB
dem-14899	131	18	with	with	ADP
dem-14899	131	19	good	good	ADJ
dem-14899	131	20	data	datum	NOUN
dem-14899	131	21	fit	fit	ADJ
dem-14899	131	22	and	and	CCONJ
dem-14899	131	23	parsimony	parsimony	NOUN
dem-14899	131	24	.	.	PUNCT
dem-14899	132	1	analyses	analysis	NOUN
dem-14899	132	2	conducted	conduct	VERB
dem-14899	132	3	within	within	ADP
dem-14899	132	4	a	a	DET
dem-14899	132	5	class	class	NOUN
dem-14899	132	6	of	of	ADP
dem-14899	132	7	models	model	NOUN
dem-14899	132	8	with	with	ADP
dem-14899	132	9	ppp	ppp	NOUN
dem-14899	132	10	restriction	restriction	NOUN
dem-14899	132	11	imposed	impose	VERB
dem-14899	132	12	show	show	NOUN
dem-14899	132	13	again	again	ADV
dem-14899	132	14	superiority	superiority	NOUN
dem-14899	132	15	of	of	ADP
dem-14899	132	16	nonlinear	nonlinear	ADJ
dem-14899	132	17	mechanisms	mechanism	NOUN
dem-14899	132	18	.	.	PUNCT
dem-14899	133	1	the	the	DET
dem-14899	133	2	full	full	ADJ
dem-14899	133	3	estvecm	estvecm	PROPN
dem-14899	133	4	model	model	NOUN
dem-14899	133	5	receives	receive	VERB
dem-14899	133	6	again	again	ADV
dem-14899	133	7	the	the	DET
dem-14899	133	8	highest	high	ADJ
dem-14899	133	9	ll	ll	NOUN
dem-14899	133	10	value	value	NOUN
dem-14899	133	11	,	,	PUNCT
dem-14899	133	12	but	but	CCONJ
dem-14899	133	13	it	it	PRON
dem-14899	133	14	is	be	AUX
dem-14899	133	15	rejected	reject	VERB
dem-14899	133	16	by	by	ADP
dem-14899	133	17	information	information	NOUN
dem-14899	133	18	scores	score	NOUN
dem-14899	133	19	as	as	ADP
dem-14899	133	20	unparsimonious	unparsimonious	ADJ
dem-14899	133	21	.	.	PUNCT
dem-14899	134	1	among	among	ADP
dem-14899	134	2	restricted	restricted	ADJ
dem-14899	134	3	cases	case	NOUN
dem-14899	134	4	the	the	DET
dem-14899	134	5	smooth	smooth	ADJ
dem-14899	134	6	transition	transition	NOUN
dem-14899	134	7	construct	construct	NOUN
dem-14899	134	8	in	in	ADP
dem-14899	134	9	parameters	parameter	NOUN
dem-14899	134	10	α	α	PRON
dem-14899	134	11	is	be	AUX
dem-14899	134	12	supported	support	VERB
dem-14899	134	13	by	by	ADP
dem-14899	134	14	the	the	DET
dem-14899	134	15	data	datum	NOUN
dem-14899	134	16	and	and	CCONJ
dem-14899	134	17	receives	receive	VERB
dem-14899	134	18	the	the	DET
dem-14899	134	19	best	good	ADJ
dem-14899	134	20	information	information	NOUN
dem-14899	134	21	score	score	NOUN
dem-14899	134	22	.	.	PUNCT
dem-14899	135	1	also	also	ADV
dem-14899	135	2	the	the	DET
dem-14899	135	3	case	case	NOUN
dem-14899	135	4	with	with	ADP
dem-14899	135	5	the	the	DET
dem-14899	135	6	smooth	smooth	ADJ
dem-14899	135	7	transition	transition	NOUN
dem-14899	135	8	mechanism	mechanism	NOUN
dem-14899	135	9	in	in	ADP
dem-14899	135	10	parameters	parameter	NOUN
dem-14899	135	11	г	г	PROPN
dem-14899	135	12	receives	receive	VERB
dem-14899	135	13	attention	attention	NOUN
dem-14899	135	14	.	.	PUNCT
dem-14899	136	1	in	in	ADP
dem-14899	136	2	the	the	DET
dem-14899	136	3	next	next	ADJ
dem-14899	136	4	step	step	NOUN
dem-14899	136	5	we	we	PRON
dem-14899	136	6	analysed	analyse	VERB
dem-14899	136	7	statistical	statistical	ADJ
dem-14899	136	8	significance	significance	NOUN
dem-14899	136	9	of	of	ADP
dem-14899	136	10	parameters	parameter	NOUN
dem-14899	136	11	of	of	ADP
dem-14899	136	12	estr	estr	NOUN
dem-14899	136	13	function	function	NOUN
dem-14899	136	14	and	and	CCONJ
dem-14899	136	15	restriction	restriction	NOUN
dem-14899	136	16	that	that	PRON
dem-14899	136	17	guarantees	guarantee	VERB
dem-14899	136	18	ppp	ppp	NOUN
dem-14899	136	19	effect	effect	NOUN
dem-14899	136	20	.	.	PUNCT
dem-14899	137	1	on	on	ADP
dem-14899	137	2	the	the	DET
dem-14899	137	3	basis	basis	NOUN
dem-14899	137	4	of	of	ADP
dem-14899	137	5	expanding	expand	VERB
dem-14899	137	6	data	datum	NOUN
dem-14899	137	7	window	window	NOUN
dem-14899	137	8	described	describe	VERB
dem-14899	137	9	above	above	ADP
dem-14899	137	10	we	we	PRON
dem-14899	137	11	performed	perform	VERB
dem-14899	137	12	a	a	DET
dem-14899	137	13	sequence	sequence	NOUN
dem-14899	137	14	of	of	ADP
dem-14899	137	15	appropriate	appropriate	ADJ
dem-14899	137	16	lr	lr	NOUN
dem-14899	137	17	tests	test	NOUN
dem-14899	137	18	.	.	PUNCT
dem-14899	138	1	on	on	ADP
dem-14899	138	2	figure	figure	NOUN
dem-14899	138	3	2	2	NUM
dem-14899	138	4	and	and	CCONJ
dem-14899	138	5	3	3	NUM
dem-14899	138	6	we	we	PRON
dem-14899	138	7	present	present	VERB
dem-14899	138	8	fractions	fraction	NOUN
dem-14899	138	9	of	of	ADP
dem-14899	138	10	analysed	analyse	VERB
dem-14899	138	11	subsamples	subsample	NOUN
dem-14899	138	12	where	where	SCONJ
dem-14899	138	13	estr	estr	NOUN
dem-14899	138	14	coefficients	coefficient	NOUN
dem-14899	138	15	were	be	AUX
dem-14899	138	16	significant	significant	ADJ
dem-14899	138	17	(	(	PUNCT
dem-14899	138	18	figure	figure	NOUN
dem-14899	138	19	2	2	NUM
dem-14899	138	20	)	)	PUNCT
dem-14899	138	21	and	and	CCONJ
dem-14899	138	22	where	where	SCONJ
dem-14899	138	23	strong	strong	ADJ
dem-14899	138	24	form	form	NOUN
dem-14899	138	25	of	of	ADP
dem-14899	138	26	ppp	ppp	PROPN
dem-14899	138	27	restriction	restriction	NOUN
dem-14899	138	28	was	be	AUX
dem-14899	138	29	not	not	PART
dem-14899	138	30	rejected	reject	VERB
dem-14899	138	31	(	(	PUNCT
dem-14899	138	32	figure	figure	NOUN
dem-14899	138	33	3	3	NUM
dem-14899	138	34	)	)	PUNCT
dem-14899	138	35	.	.	PUNCT
dem-14899	139	1	decisive	decisive	ADJ
dem-14899	139	2	and	and	CCONJ
dem-14899	139	3	more	more	ADV
dem-14899	139	4	importantly	importantly	ADV
dem-14899	139	5	time	time	NOUN
dem-14899	139	6	invariant	invariant	ADJ
dem-14899	139	7	inference	inference	NOUN
dem-14899	139	8	about	about	ADP
dem-14899	139	9	significance	significance	NOUN
dem-14899	139	10	of	of	ADP
dem-14899	139	11	underlying	underlie	VERB
dem-14899	139	12	nonlinearities	nonlinearitie	NOUN
dem-14899	139	13	is	be	AUX
dem-14899	139	14	impossible	impossible	ADJ
dem-14899	139	15	for	for	ADP
dem-14899	139	16	heavy	heavy	ADJ
dem-14899	139	17	parameterised	parameterise	VERB
dem-14899	139	18	models	model	NOUN
dem-14899	139	19	.	.	PUNCT
dem-14899	140	1	full	full	ADJ
dem-14899	140	2	estvec	estvec	PROPN
dem-14899	140	3	model	model	NOUN
dem-14899	140	4	and	and	CCONJ
dem-14899	140	5	these	these	DET
dem-14899	140	6	limitations	limitation	NOUN
dem-14899	140	7	with	with	ADP
dem-14899	140	8	smooth	smooth	ADJ
dem-14899	140	9	transition	transition	NOUN
dem-14899	140	10	parameters	parameter	NOUN
dem-14899	140	11	imposed	impose	VERB
dem-14899	140	12	on	on	ADP
dem-14899	140	13	pairs	pair	NOUN
dem-14899	140	14	of	of	ADP
dem-14899	140	15	groups	group	NOUN
dem-14899	140	16	of	of	ADP
dem-14899	140	17	parameters	parameter	NOUN
dem-14899	140	18	–	–	PUNCT
dem-14899	140	19	α	α	NOUN
dem-14899	140	20	and	and	CCONJ
dem-14899	140	21	г	г	PROPN
dem-14899	140	22	,	,	PUNCT
dem-14899	140	23	г	г	PROPN
dem-14899	140	24	and	and	CCONJ
dem-14899	140	25	ξ	ξ	PROPN
dem-14899	140	26	,	,	PUNCT
dem-14899	140	27	α	α	PROPN
dem-14899	140	28	and	and	CCONJ
dem-14899	140	29	ξ	ξ	X
dem-14899	140	30	perform	perform	VERB
dem-14899	140	31	worse	bad	ADJ
dem-14899	140	32	and	and	CCONJ
dem-14899	140	33	there	there	PRON
dem-14899	140	34	are	be	VERB
dem-14899	140	35	subsamples	subsample	NOUN
dem-14899	140	36	that	that	PRON
dem-14899	140	37	do	do	AUX
dem-14899	140	38	not	not	PART
dem-14899	140	39	support	support	VERB
dem-14899	140	40	statistical	statistical	ADJ
dem-14899	140	41	significance	significance	NOUN
dem-14899	140	42	of	of	ADP
dem-14899	140	43	estr	estr	NOUN
dem-14899	140	44	coefficients	coefficient	NOUN
dem-14899	140	45	.	.	PUNCT
dem-14899	141	1	the	the	DET
dem-14899	141	2	model	model	NOUN
dem-14899	141	3	estvec	estvec	PROPN
dem-14899	141	4	-	-	PUNCT
dem-14899	141	5	ξ	ξ	NOUN
dem-14899	141	6	,	,	PUNCT
dem-14899	141	7	performs	perform	VERB
dem-14899	141	8	the	the	DET
dem-14899	141	9	best	good	ADJ
dem-14899	141	10	receiving	receiving	NOUN
dem-14899	141	11	in	in	ADP
dem-14899	141	12	all	all	DET
dem-14899	141	13	analysed	analyse	VERB
dem-14899	141	14	subsamples	subsample	NOUN
dem-14899	141	15	statistically	statistically	ADV
dem-14899	141	16	significant	significant	ADJ
dem-14899	141	17	estr	estr	NOUN
dem-14899	141	18	construct	construct	NOUN
dem-14899	141	19	at	at	ADP
dem-14899	141	20	0.1	0.1	NUM
dem-14899	141	21	and	and	CCONJ
dem-14899	141	22	0.05	0.05	NUM
dem-14899	141	23	significance	significance	NOUN
dem-14899	141	24	level	level	NOUN
dem-14899	141	25	.	.	PUNCT
dem-14899	142	1	rejection	rejection	NOUN
dem-14899	142	2	of	of	ADP
dem-14899	142	3	the	the	DET
dem-14899	142	4	strong	strong	ADJ
dem-14899	142	5	form	form	NOUN
dem-14899	142	6	of	of	ADP
dem-14899	142	7	ppp	ppp	NOUN
dem-14899	142	8	are	be	AUX
dem-14899	142	9	analysed	analyse	VERB
dem-14899	142	10	in	in	ADP
dem-14899	142	11	subsamples	subsample	NOUN
dem-14899	142	12	on	on	ADP
dem-14899	142	13	figure	figure	NOUN
dem-14899	142	14	3	3	NUM
dem-14899	142	15	.	.	PUNCT
dem-14899	143	1	in	in	ADP
dem-14899	143	2	this	this	DET
dem-14899	143	3	element	element	NOUN
dem-14899	143	4	of	of	ADP
dem-14899	143	5	analyses	analysis	NOUN
dem-14899	143	6	simple	simple	ADJ
dem-14899	143	7	linear	linear	ADJ
dem-14899	143	8	vecm	vecm	NOUN
dem-14899	143	9	is	be	AUX
dem-14899	143	10	also	also	ADV
dem-14899	143	11	considered	consider	VERB
dem-14899	143	12	.	.	PUNCT
dem-14899	144	1	adrian	adrian	PROPN
dem-14899	144	2	burda	burda	PROPN
dem-14899	144	3	,	,	PUNCT
dem-14899	144	4	błażej	błażej	PROPN
dem-14899	144	5	mazur	mazur	NOUN
dem-14899	144	6	,	,	PUNCT
dem-14899	144	7	mateusz	mateusz	PROPN
dem-14899	144	8	pipień	pipień	NOUN
dem-14899	144	9	dynamic	dynamic	ADJ
dem-14899	144	10	econometric	econometric	ADJ
dem-14899	144	11	models	model	NOUN
dem-14899	144	12	17	17	NUM
dem-14899	144	13	(	(	PUNCT
dem-14899	144	14	2017	2017	NUM
dem-14899	144	15	)	)	PUNCT
dem-14899	145	1	97–114	97–114	NUM
dem-14899	145	2	106	106	NUM
dem-14899	145	3	we	we	PRON
dem-14899	145	4	report	report	VERB
dem-14899	145	5	surprisingly	surprisingly	ADV
dem-14899	145	6	good	good	ADJ
dem-14899	145	7	performance	performance	NOUN
dem-14899	145	8	of	of	ADP
dem-14899	145	9	vecm	vecm	NOUN
dem-14899	145	10	specification	specification	NOUN
dem-14899	145	11	and	and	CCONJ
dem-14899	145	12	also	also	ADV
dem-14899	145	13	relatively	relatively	ADV
dem-14899	145	14	worse	bad	ADJ
dem-14899	145	15	results	result	NOUN
dem-14899	145	16	given	give	VERB
dem-14899	145	17	models	model	NOUN
dem-14899	145	18	with	with	ADP
dem-14899	145	19	smooth	smooth	ADJ
dem-14899	145	20	transition	transition	NOUN
dem-14899	145	21	component	component	NOUN
dem-14899	145	22	.	.	PUNCT
dem-14899	146	1	table	table	NOUN
dem-14899	146	2	2	2	NUM
dem-14899	146	3	.	.	PUNCT
dem-14899	146	4	log	log	NOUN
dem-14899	146	5	-	-	PUNCT
dem-14899	146	6	likelihood	likelihood	NOUN
dem-14899	146	7	and	and	CCONJ
dem-14899	146	8	information	information	NOUN
dem-14899	146	9	criteria	criterion	NOUN
dem-14899	146	10	obtained	obtain	VERB
dem-14899	146	11	for	for	ADP
dem-14899	146	12	all	all	DET
dem-14899	146	13	competing	compete	VERB
dem-14899	146	14	specifications	specification	NOUN
dem-14899	146	15	in	in	ADP
dem-14899	146	16	case	case	NOUN
dem-14899	146	17	of	of	ADP
dem-14899	146	18	the	the	DET
dem-14899	146	19	whole	whole	ADJ
dem-14899	146	20	sample	sample	NOUN
dem-14899	146	21	model	model	NOUN
dem-14899	146	22	ll	ll	AUX
dem-14899	146	23	aic	aic	PROPN
dem-14899	146	24	bic	bic	PROPN
dem-14899	146	25	hic	hic	PROPN
dem-14899	146	26	unrestricted	unrestricted	ADJ
dem-14899	146	27	specifications	specification	NOUN
dem-14899	146	28	vec	vec	PROPN
dem-14899	146	29	2267.2	2267.2	NUM
dem-14899	146	30	–	–	PUNCT
dem-14899	146	31	4500.3	4500.3	NUM
dem-14899	146	32	–	–	PUNCT
dem-14899	146	33	4443.9	4443.9	NUM
dem-14899	146	34	–	–	PUNCT
dem-14899	146	35	4477.5	4477.5	NUM
dem-14899	146	36	estvec	estvec	VERB
dem-14899	146	37	full	full	ADJ
dem-14899	146	38	2282.3	2282.3	NUM
dem-14899	146	39	–	–	PUNCT
dem-14899	146	40	4496.6	4496.6	NUM
dem-14899	146	41	–	–	PUNCT
dem-14899	146	42	4383.8	4383.8	NUM
dem-14899	146	43	–	–	PUNCT
dem-14899	146	44	4450.9	4450.9	NUM
dem-14899	146	45	estvec	estvec	VERB
dem-14899	146	46	α	α	NOUN
dem-14899	146	47	2274.8	2274.8	NUM
dem-14899	146	48	–	–	PUNCT
dem-14899	146	49	4505.6	4505.6	NUM
dem-14899	146	50	–	–	PUNCT
dem-14899	146	51	4432.6	4432.6	NUM
dem-14899	146	52	–	–	PUNCT
dem-14899	146	53	4476.1	4476.1	NUM
dem-14899	146	54	estvec	estvec	X
dem-14899	146	55	α	α	X
dem-14899	146	56	,	,	PUNCT
dem-14899	146	57	ξ	ξ	PROPN
dem-14899	146	58	2277.8	2277.8	NUM
dem-14899	146	59	–	–	PUNCT
dem-14899	146	60	4505.6	4505.6	NUM
dem-14899	146	61	–	–	PUNCT
dem-14899	146	62	4422.7	4422.7	NUM
dem-14899	146	63	–	–	PUNCT
dem-14899	146	64	4472.1	4472.1	NUM
dem-14899	146	65	estvec	estvec	X
dem-14899	146	66	α	α	X
dem-14899	146	67	,	,	PUNCT
dem-14899	146	68	г	г	PROPN
dem-14899	146	69	2280.0	2280.0	NUM
dem-14899	146	70	–	–	SYM
dem-14899	146	71	4498.0	4498.0	NUM
dem-14899	146	72	–	–	PUNCT
dem-14899	146	73	4395.1	4395.1	NUM
dem-14899	146	74	–	–	PUNCT
dem-14899	146	75	4456.4	4456.4	NUM
dem-14899	146	76	estvec	estvec	PROPN
dem-14899	146	77	г	г	PROPN
dem-14899	146	78	,	,	PUNCT
dem-14899	146	79	ξ	ξ	PROPN
dem-14899	146	80	2282.6	2282.6	NUM
dem-14899	146	81	–	–	PUNCT
dem-14899	146	82	4503.2	4503.2	NUM
dem-14899	146	83	–	–	PUNCT
dem-14899	146	84	4400.3	4400.3	NUM
dem-14899	146	85	–	–	PUNCT
dem-14899	146	86	4461.6	4461.6	NUM
dem-14899	146	87	estvec	estvec	VERB
dem-14899	146	88	г	г	PROPN
dem-14899	146	89	2283.4	2283.4	NUM
dem-14899	146	90	–	–	PUNCT
dem-14899	146	91	4510.9	4510.9	NUM
dem-14899	146	92	–	–	SYM
dem-14899	146	93	4418.0	4418.0	NUM
dem-14899	146	94	–	–	PUNCT
dem-14899	146	95	4473.3	4473.3	NUM
dem-14899	146	96	estvec	estvec	VERB
dem-14899	146	97	ξ	ξ	SYM
dem-14899	146	98	2280.6	2280.6	NUM
dem-14899	146	99	–	–	PUNCT
dem-14899	146	100	4517.1	4517.1	NUM
dem-14899	146	101	–	–	PUNCT
dem-14899	146	102	4444.1	4444.1	NUM
dem-14899	146	103	–	–	PUNCT
dem-14899	146	104	4487.6	4487.6	NUM
dem-14899	146	105	models	model	NOUN
dem-14899	146	106	with	with	ADP
dem-14899	146	107	strong	strong	ADJ
dem-14899	146	108	-	-	PUNCT
dem-14899	146	109	form	form	NOUN
dem-14899	146	110	ppp	ppp	NOUN
dem-14899	146	111	restriction	restriction	NOUN
dem-14899	146	112	imposed	impose	VERB
dem-14899	146	113	vec	vec	PROPN
dem-14899	146	114	2265.1	2265.1	NUM
dem-14899	146	115	–	–	PUNCT
dem-14899	146	116	4500.3	4500.3	NUM
dem-14899	146	117	–	–	PUNCT
dem-14899	146	118	4450.5	4450.5	NUM
dem-14899	146	119	–	–	PUNCT
dem-14899	146	120	4480.1	4480.1	NUM
dem-14899	146	121	estvec	estvec	VERB
dem-14899	146	122	full	full	ADJ
dem-14899	146	123	2280.5	2280.5	NUM
dem-14899	146	124	–	–	PUNCT
dem-14899	146	125	4497.1	4497.1	NUM
dem-14899	146	126	–	–	PUNCT
dem-14899	146	127	4390.9	4390.9	NUM
dem-14899	146	128	–	–	PUNCT
dem-14899	146	129	4454.1	4454.1	NUM
dem-14899	146	130	estvec	estvec	VERB
dem-14899	146	131	α	α	PRON
dem-14899	146	132	2272.6	2272.6	NUM
dem-14899	146	133	–	–	PUNCT
dem-14899	146	134	4505.1	4505.1	NUM
dem-14899	146	135	–	–	PUNCT
dem-14899	146	136	4438.8	4438.8	NUM
dem-14899	146	137	–	–	PUNCT
dem-14899	146	138	4478.3	4478.3	NUM
dem-14899	146	139	estvec	estvec	NOUN
dem-14899	146	140	α	α	NOUN
dem-14899	146	141	,	,	PUNCT
dem-14899	146	142	ξ	ξ	PROPN
dem-14899	146	143	2273.3	2273.3	NUM
dem-14899	146	144	–	–	PUNCT
dem-14899	146	145	4500.6	4500.6	NUM
dem-14899	146	146	–	–	PUNCT
dem-14899	146	147	4424.3	4424.3	NUM
dem-14899	146	148	–	–	PUNCT
dem-14899	146	149	4469.8	4469.8	NUM
dem-14899	146	150	estvec	estvec	NOUN
dem-14899	146	151	α	α	X
dem-14899	146	152	,	,	PUNCT
dem-14899	146	153	г	г	PROPN
dem-14899	146	154	2277.8	2277.8	NUM
dem-14899	146	155	–	–	PUNCT
dem-14899	146	156	4497.7	4497.7	NUM
dem-14899	146	157	–	–	PUNCT
dem-14899	146	158	4401.5	4401.5	NUM
dem-14899	146	159	–	–	PUNCT
dem-14899	146	160	4458.8	4458.8	NUM
dem-14899	146	161	estvec	estvec	PROPN
dem-14899	146	162	г	г	PROPN
dem-14899	146	163	,	,	PUNCT
dem-14899	146	164	ξ	ξ	PROPN
dem-14899	146	165	2278.9	2278.9	NUM
dem-14899	146	166	–	–	PUNCT
dem-14899	146	167	4499.7	4499.7	NUM
dem-14899	146	168	–	–	PUNCT
dem-14899	146	169	4403.5	4403.5	NUM
dem-14899	146	170	–	–	PUNCT
dem-14899	146	171	4460.8	4460.8	NUM
dem-14899	146	172	estvec	estvec	NOUN
dem-14899	146	173	г	г	PROPN
dem-14899	146	174	2277.9	2277.9	NUM
dem-14899	146	175	–	–	PUNCT
dem-14899	146	176	4503.7	4503.7	NUM
dem-14899	146	177	–	–	PUNCT
dem-14899	146	178	4417.5	4417.5	NUM
dem-14899	146	179	–	–	PUNCT
dem-14899	146	180	4468.8	4468.8	NUM
dem-14899	146	181	estvec	estvec	VERB
dem-14899	146	182	ξ	ξ	SYM
dem-14899	146	183	2267.4	2267.4	NUM
dem-14899	146	184	–	–	PUNCT
dem-14899	146	185	4494.7	4494.7	NUM
dem-14899	146	186	–	–	PUNCT
dem-14899	146	187	4428.4	4428.4	NUM
dem-14899	146	188	–	–	PUNCT
dem-14899	146	189	4467.9	4467.9	NUM
dem-14899	146	190	figure	figure	NOUN
dem-14899	146	191	2	2	NUM
dem-14899	146	192	.	.	PUNCT
dem-14899	146	193	fraction	fraction	NOUN
dem-14899	146	194	of	of	ADP
dem-14899	146	195	subsamples	subsample	NOUN
dem-14899	146	196	,	,	PUNCT
dem-14899	146	197	where	where	SCONJ
dem-14899	146	198	estr	estr	NOUN
dem-14899	146	199	coefficients	coefficient	NOUN
dem-14899	146	200	are	be	AUX
dem-14899	146	201	significant	significant	ADJ
dem-14899	146	202	on	on	ADP
dem-14899	146	203	given	give	VERB
dem-14899	146	204	significance	significance	NOUN
dem-14899	146	205	level	level	NOUN
dem-14899	146	206	,	,	PUNCT
dem-14899	146	207	according	accord	VERB
dem-14899	146	208	to	to	ADP
dem-14899	146	209	lr	lr	NOUN
dem-14899	146	210	test	test	NOUN
dem-14899	146	211	we	we	PRON
dem-14899	146	212	also	also	ADV
dem-14899	146	213	compare	compare	VERB
dem-14899	146	214	competing	compete	VERB
dem-14899	146	215	specifications	specification	NOUN
dem-14899	146	216	with	with	ADP
dem-14899	146	217	respect	respect	NOUN
dem-14899	146	218	to	to	ADP
dem-14899	146	219	the	the	DET
dem-14899	146	220	forecasting	forecasting	NOUN
dem-14899	146	221	power	power	NOUN
dem-14899	146	222	.	.	PUNCT
dem-14899	147	1	for	for	ADP
dem-14899	147	2	the	the	DET
dem-14899	147	3	whole	whole	ADJ
dem-14899	147	4	set	set	NOUN
dem-14899	147	5	of	of	ADP
dem-14899	147	6	observations	observation	NOUN
dem-14899	147	7	we	we	PRON
dem-14899	147	8	generated	generate	VERB
dem-14899	147	9	1	1	NUM
dem-14899	147	10	,	,	PUNCT
dem-14899	147	11	3	3	NUM
dem-14899	147	12	,	,	PUNCT
dem-14899	147	13	6	6	NUM
dem-14899	147	14	and	and	CCONJ
dem-14899	147	15	12	12	NUM
dem-14899	147	16	month	month	NOUN
dem-14899	147	17	-	-	PUNCT
dem-14899	147	18	ahead	ahead	NOUN
dem-14899	147	19	forecasts	forecast	NOUN
dem-14899	147	20	.	.	PUNCT
dem-14899	148	1	in	in	ADP
dem-14899	148	2	table	table	NOUN
dem-14899	148	3	3	3	NUM
dem-14899	148	4	we	we	PRON
dem-14899	148	5	put	put	VERB
dem-14899	148	6	rmse	rmse	NOUN
dem-14899	148	7	values	value	NOUN
dem-14899	148	8	normalised	normalise	VERB
dem-14899	148	9	to	to	AUX
dem-14899	148	10	rw	rw	PROPN
dem-14899	148	11	forecasting	forecast	VERB
dem-14899	148	12	eur	eur	PROPN
dem-14899	148	13	/	/	SYM
dem-14899	148	14	pln	pln	PROPN
dem-14899	148	15	exchange	exchange	PROPN
dem-14899	148	16	rate	rate	NOUN
dem-14899	148	17	:	:	PUNCT
dem-14899	148	18	the	the	DET
dem-14899	148	19	role	role	NOUN
dem-14899	148	20	of	of	ADP
dem-14899	148	21	purchasing	purchase	VERB
dem-14899	148	22	power	power	NOUN
dem-14899	148	23	parity	parity	NOUN
dem-14899	148	24	…	…	SYM
dem-14899	148	25	dynamic	dynamic	ADJ
dem-14899	148	26	econometric	econometric	ADJ
dem-14899	148	27	models	model	NOUN
dem-14899	148	28	17	17	NUM
dem-14899	148	29	(	(	PUNCT
dem-14899	148	30	2017	2017	NUM
dem-14899	148	31	)	)	PUNCT
dem-14899	148	32	97–114	97–114	NUM
dem-14899	148	33	107	107	NUM
dem-14899	148	34	strategy	strategy	NOUN
dem-14899	148	35	.	.	PUNCT
dem-14899	149	1	we	we	PRON
dem-14899	149	2	also	also	ADV
dem-14899	149	3	present	present	VERB
dem-14899	149	4	p	p	NOUN
dem-14899	149	5	-	-	PUNCT
dem-14899	149	6	values	value	NOUN
dem-14899	149	7	(	(	PUNCT
dem-14899	149	8	in	in	ADP
dem-14899	149	9	italics	italic	NOUN
dem-14899	149	10	)	)	PUNCT
dem-14899	149	11	of	of	ADP
dem-14899	149	12	the	the	DET
dem-14899	149	13	hln	hln	PROPN
dem-14899	149	14	-	-	PUNCT
dem-14899	149	15	dm	dm	PROPN
dem-14899	149	16	test	test	NOUN
dem-14899	149	17	against	against	ADP
dem-14899	149	18	rw	rw	NOUN
dem-14899	149	19	for	for	ADP
dem-14899	149	20	quadratic	quadratic	ADJ
dem-14899	149	21	loss	loss	NOUN
dem-14899	149	22	function	function	NOUN
dem-14899	149	23	.	.	PUNCT
dem-14899	150	1	simple	simple	ADJ
dem-14899	150	2	vecm	vecm	NOUN
dem-14899	150	3	specification	specification	NOUN
dem-14899	150	4	exhibits	exhibit	VERB
dem-14899	150	5	much	much	ADV
dem-14899	150	6	better	well	ADJ
dem-14899	150	7	forecasting	forecasting	NOUN
dem-14899	150	8	performance	performance	NOUN
dem-14899	150	9	in	in	ADP
dem-14899	150	10	the	the	DET
dem-14899	150	11	short	short	ADJ
dem-14899	150	12	term	term	NOUN
dem-14899	150	13	.	.	PUNCT
dem-14899	151	1	for	for	ADP
dem-14899	151	2	one	one	NUM
dem-14899	151	3	month	month	NOUN
dem-14899	151	4	-	-	PUNCT
dem-14899	151	5	ahead	ahead	NOUN
dem-14899	151	6	case	case	NOUN
dem-14899	151	7	none	none	NOUN
dem-14899	151	8	of	of	ADP
dem-14899	151	9	analysed	analyse	VERB
dem-14899	151	10	smooth	smooth	ADJ
dem-14899	151	11	transition	transition	NOUN
dem-14899	151	12	models	model	NOUN
dem-14899	151	13	generate	generate	VERB
dem-14899	151	14	better	well	ADJ
dem-14899	151	15	forecasts	forecast	NOUN
dem-14899	151	16	.	.	PUNCT
dem-14899	152	1	also	also	ADV
dem-14899	152	2	in	in	ADP
dem-14899	152	3	case	case	NOUN
dem-14899	152	4	of	of	ADP
dem-14899	152	5	this	this	DET
dem-14899	152	6	horizon	horizon	NOUN
dem-14899	152	7	all	all	DET
dem-14899	152	8	competing	compete	VERB
dem-14899	152	9	specifications	specification	NOUN
dem-14899	152	10	are	be	AUX
dem-14899	152	11	much	much	ADV
dem-14899	152	12	better	well	ADJ
dem-14899	152	13	than	than	ADP
dem-14899	152	14	random	random	ADJ
dem-14899	152	15	walk	walk	NOUN
dem-14899	152	16	and	and	CCONJ
dem-14899	152	17	generate	generate	VERB
dem-14899	152	18	lower	low	ADJ
dem-14899	152	19	rmse	rmse	NOUN
dem-14899	152	20	.	.	PUNCT
dem-14899	153	1	however	however	ADV
dem-14899	153	2	only	only	ADJ
dem-14899	153	3	simple	simple	ADJ
dem-14899	153	4	vecm	vecm	NOUN
dem-14899	153	5	and	and	CCONJ
dem-14899	153	6	estvecmξ	estvecmξ	NOUN
dem-14899	153	7	generate	generate	VERB
dem-14899	153	8	forecasts	forecast	NOUN
dem-14899	153	9	significantly	significantly	ADV
dem-14899	153	10	different	different	ADJ
dem-14899	153	11	than	than	ADP
dem-14899	153	12	rw	rw	NOUN
dem-14899	153	13	case	case	NOUN
dem-14899	153	14	at	at	ADP
dem-14899	153	15	the	the	DET
dem-14899	153	16	significance	significance	NOUN
dem-14899	153	17	level	level	NOUN
dem-14899	153	18	of	of	ADP
dem-14899	153	19	0.1	0.1	NUM
dem-14899	153	20	.	.	PUNCT
dem-14899	154	1	in	in	ADP
dem-14899	154	2	case	case	NOUN
dem-14899	154	3	of	of	ADP
dem-14899	154	4	unrestricted	unrestricted	ADJ
dem-14899	154	5	models	model	NOUN
dem-14899	154	6	specification	specification	NOUN
dem-14899	154	7	estvec	estvec	VERB
dem-14899	154	8	with	with	ADP
dem-14899	154	9	smooth	smooth	ADJ
dem-14899	154	10	transition	transition	NOUN
dem-14899	154	11	mechanism	mechanism	NOUN
dem-14899	154	12	in	in	ADP
dem-14899	154	13	parameters	parameter	NOUN
dem-14899	154	14	ξ	ξ	PRON
dem-14899	154	15	outperform	outperform	ADJ
dem-14899	154	16	other	other	ADJ
dem-14899	154	17	models	model	NOUN
dem-14899	154	18	for	for	ADP
dem-14899	154	19	long	long	ADJ
dem-14899	154	20	term	term	NOUN
dem-14899	154	21	forecasting	forecasting	NOUN
dem-14899	154	22	.	.	PUNCT
dem-14899	155	1	for	for	ADP
dem-14899	155	2	the	the	DET
dem-14899	155	3	case	case	NOUN
dem-14899	155	4	of	of	ADP
dem-14899	155	5	12	12	NUM
dem-14899	155	6	months	month	NOUN
dem-14899	155	7	ahead	ahead	ADV
dem-14899	155	8	forecasts	forecast	NOUN
dem-14899	155	9	simple	simple	ADJ
dem-14899	155	10	vecm	vecm	NOUN
dem-14899	155	11	is	be	AUX
dem-14899	155	12	worse	bad	ADJ
dem-14899	155	13	than	than	SCONJ
dem-14899	155	14	rw	rw	NOUN
dem-14899	155	15	and	and	CCONJ
dem-14899	155	16	differences	difference	NOUN
dem-14899	155	17	in	in	ADP
dem-14899	155	18	point	point	NOUN
dem-14899	155	19	forecasts	forecast	NOUN
dem-14899	155	20	are	be	AUX
dem-14899	155	21	statistically	statistically	ADV
dem-14899	155	22	insignificant	insignificant	ADJ
dem-14899	155	23	.	.	PUNCT
dem-14899	156	1	for	for	ADP
dem-14899	156	2	a	a	DET
dem-14899	156	3	set	set	NOUN
dem-14899	156	4	of	of	ADP
dem-14899	156	5	restricted	restricted	ADJ
dem-14899	156	6	models	model	NOUN
dem-14899	156	7	we	we	PRON
dem-14899	156	8	report	report	VERB
dem-14899	156	9	relatively	relatively	ADV
dem-14899	156	10	good	good	ADJ
dem-14899	156	11	forecasting	forecasting	NOUN
dem-14899	156	12	performance	performance	NOUN
dem-14899	156	13	in	in	ADP
dem-14899	156	14	smooth	smooth	ADJ
dem-14899	156	15	transition	transition	NOUN
dem-14899	156	16	class	class	NOUN
dem-14899	156	17	except	except	SCONJ
dem-14899	156	18	the	the	DET
dem-14899	156	19	full	full	ADJ
dem-14899	156	20	case	case	NOUN
dem-14899	156	21	and	and	CCONJ
dem-14899	156	22	cases	case	NOUN
dem-14899	156	23	with	with	ADP
dem-14899	156	24	st	st	PROPN
dem-14899	156	25	mechanism	mechanism	NOUN
dem-14899	156	26	in	in	ADP
dem-14899	156	27	α	α	NOUN
dem-14899	156	28	,	,	PUNCT
dem-14899	156	29	jointly	jointly	ADV
dem-14899	156	30	α	α	X
dem-14899	156	31	,	,	PUNCT
dem-14899	156	32	г	г	PROPN
dem-14899	156	33	and	and	CCONJ
dem-14899	156	34	ξ	ξ	PROPN
dem-14899	156	35	.	.	PUNCT
dem-14899	156	36	vecm	vecm	NOUN
dem-14899	156	37	model	model	NOUN
dem-14899	156	38	produces	produce	VERB
dem-14899	156	39	much	much	ADV
dem-14899	156	40	better	well	ADJ
dem-14899	156	41	forecasts	forecast	NOUN
dem-14899	156	42	than	than	ADP
dem-14899	156	43	st	st	PROPN
dem-14899	156	44	class	class	PROPN
dem-14899	156	45	and	and	CCONJ
dem-14899	156	46	outperforms	outperform	VERB
dem-14899	156	47	rw	rw	NOUN
dem-14899	156	48	case	case	NOUN
dem-14899	156	49	.	.	PUNCT
dem-14899	157	1	figure	figure	NOUN
dem-14899	157	2	3	3	NUM
dem-14899	157	3	.	.	PUNCT
dem-14899	157	4	fraction	fraction	NOUN
dem-14899	157	5	of	of	ADP
dem-14899	157	6	subsamples	subsample	NOUN
dem-14899	157	7	,	,	PUNCT
dem-14899	157	8	where	where	SCONJ
dem-14899	157	9	strong	strong	ADJ
dem-14899	157	10	-	-	PUNCT
dem-14899	157	11	form	form	NOUN
dem-14899	157	12	ppp	ppp	NOUN
dem-14899	157	13	restrictions	restriction	NOUN
dem-14899	157	14	are	be	AUX
dem-14899	157	15	not	not	PART
dem-14899	157	16	rejected	reject	VERB
dem-14899	157	17	given	give	VERB
dem-14899	157	18	significance	significance	NOUN
dem-14899	157	19	level	level	NOUN
dem-14899	157	20	,	,	PUNCT
dem-14899	157	21	according	accord	VERB
dem-14899	157	22	to	to	ADP
dem-14899	157	23	lr	lr	NOUN
dem-14899	157	24	test	test	NOUN
dem-14899	157	25	analysing	analyse	VERB
dem-14899	157	26	statistical	statistical	ADJ
dem-14899	157	27	significance	significance	NOUN
dem-14899	157	28	of	of	ADP
dem-14899	157	29	differences	difference	NOUN
dem-14899	157	30	in	in	ADP
dem-14899	157	31	forecasting	forecasting	NOUN
dem-14899	157	32	performance	performance	NOUN
dem-14899	157	33	(	(	PUNCT
dem-14899	157	34	against	against	ADP
dem-14899	157	35	rw	rw	NOUN
dem-14899	157	36	)	)	PUNCT
dem-14899	157	37	on	on	ADP
dem-14899	157	38	the	the	DET
dem-14899	157	39	basis	basis	NOUN
dem-14899	157	40	of	of	ADP
dem-14899	157	41	hln	hln	PROPN
dem-14899	157	42	-	-	PUNCT
dem-14899	157	43	dm	dm	PROPN
dem-14899	157	44	test	test	NOUN
dem-14899	157	45	,	,	PUNCT
dem-14899	157	46	in	in	ADP
dem-14899	157	47	the	the	DET
dem-14899	157	48	set	set	NOUN
dem-14899	157	49	of	of	ADP
dem-14899	157	50	unrestricted	unrestricted	ADJ
dem-14899	157	51	models	model	NOUN
dem-14899	157	52	,	,	PUNCT
dem-14899	157	53	we	we	PRON
dem-14899	157	54	can	can	AUX
dem-14899	157	55	only	only	ADV
dem-14899	157	56	be	be	AUX
dem-14899	157	57	sure	sure	ADJ
dem-14899	157	58	that	that	SCONJ
dem-14899	157	59	data	datum	NOUN
dem-14899	157	60	support	support	VERB
dem-14899	157	61	poor	poor	ADJ
dem-14899	157	62	forecasting	forecasting	NOUN
dem-14899	157	63	performance	performance	NOUN
dem-14899	157	64	in	in	ADP
dem-14899	157	65	case	case	NOUN
dem-14899	157	66	of	of	ADP
dem-14899	157	67	some	some	DET
dem-14899	157	68	estvec	estvec	VERB
dem-14899	157	69	specifications	specification	NOUN
dem-14899	157	70	.	.	PUNCT
dem-14899	158	1	simple	simple	ADJ
dem-14899	158	2	vecm	vecm	NOUN
dem-14899	158	3	model	model	NOUN
dem-14899	158	4	generates	generate	VERB
dem-14899	158	5	better	well	ADJ
dem-14899	158	6	forecasts	forecast	NOUN
dem-14899	158	7	that	that	DET
dem-14899	158	8	rw	rw	NOUN
dem-14899	158	9	,	,	PUNCT
dem-14899	158	10	but	but	CCONJ
dem-14899	158	11	with	with	ADP
dem-14899	158	12	differences	difference	NOUN
dem-14899	158	13	to	to	ADP
dem-14899	158	14	rw	rw	NOUN
dem-14899	158	15	being	be	AUX
dem-14899	158	16	statistically	statistically	ADV
dem-14899	158	17	insignificant	insignificant	ADJ
dem-14899	158	18	in	in	ADP
dem-14899	158	19	case	case	NOUN
dem-14899	158	20	of	of	ADP
dem-14899	158	21	all	all	DET
dem-14899	158	22	analysed	analyse	VERB
dem-14899	158	23	horizons	horizon	NOUN
dem-14899	158	24	.	.	PUNCT
dem-14899	159	1	in	in	ADP
dem-14899	159	2	case	case	NOUN
dem-14899	159	3	of	of	ADP
dem-14899	159	4	restricted	restricted	ADJ
dem-14899	159	5	models	model	NOUN
dem-14899	159	6	only	only	ADV
dem-14899	159	7	the	the	DET
dem-14899	159	8	case	case	NOUN
dem-14899	159	9	of	of	ADP
dem-14899	159	10	one	one	NUM
dem-14899	159	11	month	month	NOUN
dem-14899	159	12	horizon	horizon	NOUN
dem-14899	159	13	exhibit	exhibit	VERB
dem-14899	159	14	significant	significant	ADJ
dem-14899	159	15	differences	difference	NOUN
dem-14899	159	16	from	from	ADP
dem-14899	159	17	rw	rw	PROPN
dem-14899	159	18	stratadrian	stratadrian	PROPN
dem-14899	159	19	burda	burda	PROPN
dem-14899	159	20	,	,	PUNCT
dem-14899	159	21	błażej	błażej	PROPN
dem-14899	159	22	mazur	mazur	NOUN
dem-14899	159	23	,	,	PUNCT
dem-14899	159	24	mateusz	mateusz	PROPN
dem-14899	159	25	pipień	pipień	NOUN
dem-14899	159	26	dynamic	dynamic	ADJ
dem-14899	159	27	econometric	econometric	ADJ
dem-14899	159	28	models	model	NOUN
dem-14899	159	29	17	17	NUM
dem-14899	159	30	(	(	PUNCT
dem-14899	159	31	2017	2017	NUM
dem-14899	159	32	)	)	PUNCT
dem-14899	159	33	97–114	97–114	NUM
dem-14899	159	34	108	108	NUM
dem-14899	159	35	egy	egy	NOUN
dem-14899	159	36	in	in	ADP
dem-14899	159	37	all	all	DET
dem-14899	159	38	cases	case	NOUN
dem-14899	159	39	.	.	PUNCT
dem-14899	160	1	the	the	DET
dem-14899	160	2	strongest	strong	ADJ
dem-14899	160	3	data	datum	NOUN
dem-14899	160	4	support	support	NOUN
dem-14899	160	5	in	in	ADP
dem-14899	160	6	favour	favour	NOUN
dem-14899	160	7	of	of	ADP
dem-14899	160	8	significance	significance	NOUN
dem-14899	160	9	of	of	ADP
dem-14899	160	10	differences	difference	NOUN
dem-14899	160	11	is	be	AUX
dem-14899	160	12	attached	attach	VERB
dem-14899	160	13	to	to	ADP
dem-14899	160	14	simple	simple	ADJ
dem-14899	160	15	vecm	vecm	NOUN
dem-14899	160	16	model	model	NOUN
dem-14899	160	17	.	.	PUNCT
dem-14899	161	1	table	table	NOUN
dem-14899	161	2	3	3	NUM
dem-14899	161	3	.	.	PUNCT
dem-14899	161	4	rmse	rmse	NOUN
dem-14899	161	5	for	for	ADP
dem-14899	161	6	the	the	DET
dem-14899	161	7	whole	whole	ADJ
dem-14899	161	8	sample	sample	NOUN
dem-14899	161	9	and	and	CCONJ
dem-14899	161	10	p	p	NOUN
dem-14899	161	11	-	-	PUNCT
dem-14899	161	12	values	value	NOUN
dem-14899	161	13	(	(	PUNCT
dem-14899	161	14	in	in	ADP
dem-14899	161	15	italics	italic	NOUN
dem-14899	161	16	)	)	PUNCT
dem-14899	161	17	for	for	ADP
dem-14899	161	18	hln	hln	PROPN
dem-14899	161	19	-	-	PUNCT
dem-14899	161	20	dm	dm	PROPN
dem-14899	161	21	test	test	NOUN
dem-14899	161	22	against	against	ADP
dem-14899	161	23	rw	rw	NOUN
dem-14899	161	24	for	for	ADP
dem-14899	161	25	quadratic	quadratic	ADJ
dem-14899	161	26	loss	loss	NOUN
dem-14899	161	27	function	function	NOUN
dem-14899	161	28	relative	relative	ADJ
dem-14899	161	29	rmse	rmse	NOUN
dem-14899	161	30	(	(	PUNCT
dem-14899	161	31	rw=1	rw=1	NOUN
dem-14899	161	32	)	)	PUNCT
dem-14899	161	33	–	–	PUNCT
dem-14899	161	34	log(fx	log(fx	NOUN
dem-14899	161	35	)	)	PUNCT
dem-14899	161	36	unrestricted	unrestricted	ADJ
dem-14899	161	37	models	model	NOUN
dem-14899	161	38	horizon	horizon	PROPN
dem-14899	161	39	vecm	vecm	NOUN
dem-14899	161	40	estvec	estvec	VERB
dem-14899	161	41	α	α	PROPN
dem-14899	161	42	estvec	estvec	PROPN
dem-14899	161	43	ξ	ξ	X
dem-14899	161	44	estvec	estvec	PROPN
dem-14899	161	45	г	г	PROPN
dem-14899	161	46	estvec	estvec	PROPN
dem-14899	161	47	α	α	X
dem-14899	161	48	,	,	PUNCT
dem-14899	161	49	ξ	ξ	PROPN
dem-14899	161	50	estvec	estvec	PROPN
dem-14899	161	51	г	г	PROPN
dem-14899	161	52	,	,	PUNCT
dem-14899	161	53	ξ	ξ	PROPN
dem-14899	161	54	estvec	estvec	PROPN
dem-14899	161	55	α	α	X
dem-14899	161	56	,	,	PUNCT
dem-14899	161	57	г	г	PROPN
dem-14899	161	58	,	,	PUNCT
dem-14899	161	59	ξ	ξ	PROPN
dem-14899	161	60	estvec	estvec	VERB
dem-14899	161	61	full	full	ADJ
dem-14899	161	62	1	1	NUM
dem-14899	161	63	m.	m.	NOUN
dem-14899	161	64	0.917	0.917	NUM
dem-14899	161	65	0.958	0.958	NUM
dem-14899	161	66	0.933	0.933	NUM
dem-14899	161	67	0.948	0.948	NUM
dem-14899	161	68	0.962	0.962	NUM
dem-14899	161	69	0.992	0.992	NUM
dem-14899	161	70	0.961	0.961	NUM
dem-14899	161	71	0.983	0.983	NUM
dem-14899	161	72	0.1	0.1	NUM
dem-14899	161	73	0.3	0.3	NUM
dem-14899	161	74	0.1	0.1	NUM
dem-14899	161	75	0.2	0.2	NUM
dem-14899	161	76	0.3	0.3	NUM
dem-14899	161	77	0.5	0.5	NUM
dem-14899	161	78	0.3	0.3	NUM
dem-14899	161	79	0.4	0.4	NUM
dem-14899	161	80	3	3	NUM
dem-14899	161	81	m.	m.	NOUN
dem-14899	161	82	0.955	0.955	NUM
dem-14899	161	83	1.049	1.049	NUM
dem-14899	161	84	0.965	0.965	NUM
dem-14899	161	85	0.996	0.996	NUM
dem-14899	161	86	1.055	1.055	NUM
dem-14899	161	87	1.068	1.068	NUM
dem-14899	161	88	1.102	1.102	NUM
dem-14899	161	89	1.065	1.065	NUM
dem-14899	161	90	0.3	0.3	NUM
dem-14899	161	91	0.7	0.7	NUM
dem-14899	161	92	0.4	0.4	NUM
dem-14899	161	93	0.5	0.5	NUM
dem-14899	161	94	0.7	0.7	NUM
dem-14899	161	95	0.7	0.7	NUM
dem-14899	161	96	0.8	0.8	NUM
dem-14899	161	97	0.8	0.8	NUM
dem-14899	161	98	6	6	NUM
dem-14899	161	99	m.	m.	NOUN
dem-14899	161	100	0.997	0.997	NUM
dem-14899	161	101	1.142	1.142	NUM
dem-14899	161	102	0.937	0.937	NUM
dem-14899	161	103	0.965	0.965	NUM
dem-14899	161	104	1.117	1.117	NUM
dem-14899	161	105	1.080	1.080	NUM
dem-14899	161	106	161.531	161.531	NUM
dem-14899	161	107	1.153	1.153	NUM
dem-14899	161	108	0.5	0.5	NUM
dem-14899	161	109	1.0	1.0	NUM
dem-14899	161	110	0.2	0.2	NUM
dem-14899	161	111	0.3	0.3	NUM
dem-14899	161	112	0.9	0.9	NUM
dem-14899	161	113	0.2	0.2	NUM
dem-14899	161	114	0.2	0.2	NUM
dem-14899	161	115	1.0	1.0	NUM
dem-14899	161	116	12	12	NUM
dem-14899	161	117	m.	m.	NOUN
dem-14899	161	118	1.014	1.014	NUM
dem-14899	161	119	1.265	1.265	NUM
dem-14899	161	120	0.889	0.889	NUM
dem-14899	161	121	0.921	0.921	NUM
dem-14899	161	122	1.201	1.201	NUM
dem-14899	161	123	76.448	76.448	NUM
dem-14899	161	124	>	>	SYM
dem-14899	161	125	1e+10	1e+10	NUM
dem-14899	161	126	1.321	1.321	NUM
dem-14899	161	127	0.7	0.7	NUM
dem-14899	161	128	0.9	0.9	NUM
dem-14899	161	129	0.06	0.06	NUM
dem-14899	161	130	0.1	0.1	NUM
dem-14899	161	131	0.9	0.9	NUM
dem-14899	161	132	0.8	0.8	NUM
dem-14899	161	133	0.8	0.8	NUM
dem-14899	161	134	1.0	1.0	NUM
dem-14899	161	135	relative	relative	ADJ
dem-14899	161	136	rmse	rmse	NOUN
dem-14899	161	137	(	(	PUNCT
dem-14899	161	138	rw=1	rw=1	NOUN
dem-14899	161	139	)	)	PUNCT
dem-14899	161	140	–	–	PUNCT
dem-14899	161	141	log(fx	log(fx	NOUN
dem-14899	161	142	)	)	PUNCT
dem-14899	161	143	restricted	restrict	VERB
dem-14899	161	144	models	model	NOUN
dem-14899	161	145	horizon	horizon	PROPN
dem-14899	161	146	vecm	vecm	NOUN
dem-14899	161	147	estvec	estvec	VERB
dem-14899	161	148	α	α	PROPN
dem-14899	161	149	estvec	estvec	PROPN
dem-14899	161	150	ξ	ξ	X
dem-14899	161	151	estvec	estvec	PROPN
dem-14899	161	152	г	г	PROPN
dem-14899	161	153	estvec	estvec	PROPN
dem-14899	161	154	α	α	X
dem-14899	161	155	,	,	PUNCT
dem-14899	161	156	ξ	ξ	PROPN
dem-14899	161	157	estvec	estvec	PROPN
dem-14899	161	158	г	г	PROPN
dem-14899	161	159	,	,	PUNCT
dem-14899	161	160	ξ	ξ	PROPN
dem-14899	161	161	estvec	estvec	PROPN
dem-14899	161	162	α	α	X
dem-14899	161	163	,	,	PUNCT
dem-14899	161	164	г	г	PROPN
dem-14899	161	165	,	,	PUNCT
dem-14899	161	166	ξ	ξ	PROPN
dem-14899	161	167	estvec	estvec	VERB
dem-14899	161	168	full	full	ADJ
dem-14899	161	169	1	1	NUM
dem-14899	161	170	m.	m.	NOUN
dem-14899	161	171	0.900	0.900	NUM
dem-14899	161	172	0.918	0.918	NUM
dem-14899	161	173	0.916	0.916	NUM
dem-14899	161	174	0.900	0.900	NUM
dem-14899	161	175	0.925	0.925	NUM
dem-14899	161	176	0.931	0.931	NUM
dem-14899	161	177	0.928	0.928	NUM
dem-14899	161	178	0.933	0.933	NUM
dem-14899	161	179	0.07	0.07	NUM
dem-14899	161	180	0.1	0.1	NUM
dem-14899	161	181	0.1	0.1	NUM
dem-14899	161	182	0.07	0.07	NUM
dem-14899	161	183	0.1	0.1	NUM
dem-14899	161	184	0.1	0.1	NUM
dem-14899	161	185	0.1	0.1	NUM
dem-14899	161	186	0.1	0.1	NUM
dem-14899	161	187	3	3	NUM
dem-14899	161	188	m.	m.	NOUN
dem-14899	161	189	0.923	0.923	NUM
dem-14899	161	190	0.969	0.969	NUM
dem-14899	161	191	0.950	0.950	NUM
dem-14899	161	192	0.923	0.923	NUM
dem-14899	161	193	0.956	0.956	NUM
dem-14899	161	194	0.946	0.946	NUM
dem-14899	161	195	0.962	0.962	NUM
dem-14899	161	196	0.969	0.969	NUM
dem-14899	161	197	0.3	0.3	NUM
dem-14899	161	198	0.4	0.4	NUM
dem-14899	161	199	0.3	0.3	NUM
dem-14899	161	200	0.3	0.3	NUM
dem-14899	161	201	0.4	0.4	NUM
dem-14899	161	202	0.3	0.3	NUM
dem-14899	161	203	0.4	0.4	NUM
dem-14899	161	204	0.4	0.4	NUM
dem-14899	161	205	6	6	NUM
dem-14899	161	206	m.	m.	NOUN
dem-14899	161	207	0.949	0.949	NUM
dem-14899	161	208	0.997	0.997	NUM
dem-14899	161	209	0.958	0.958	NUM
dem-14899	161	210	0.949	0.949	NUM
dem-14899	161	211	0.946	0.946	NUM
dem-14899	161	212	0.932	0.932	NUM
dem-14899	161	213	1.036	1.036	NUM
dem-14899	161	214	0.969	0.969	NUM
dem-14899	161	215	0.3	0.3	NUM
dem-14899	161	216	0.5	0.5	NUM
dem-14899	161	217	0.3	0.3	NUM
dem-14899	161	218	0.3	0.3	NUM
dem-14899	161	219	0.3	0.3	NUM
dem-14899	161	220	0.3	0.3	NUM
dem-14899	161	221	1.0	1.0	NUM
dem-14899	161	222	0.4	0.4	NUM
dem-14899	161	223	12	12	NUM
dem-14899	161	224	m.	m.	NOUN
dem-14899	161	225	0.936	0.936	NUM
dem-14899	161	226	1.049	1.049	NUM
dem-14899	161	227	0.944	0.944	NUM
dem-14899	161	228	0.936	0.936	NUM
dem-14899	161	229	0.989	0.989	NUM
dem-14899	161	230	0.913	0.913	NUM
dem-14899	161	231	176.208	176.208	NUM
dem-14899	161	232	1.015	1.015	NUM
dem-14899	161	233	0.3	0.3	NUM
dem-14899	161	234	0.9	0.9	NUM
dem-14899	161	235	0.3	0.3	NUM
dem-14899	161	236	0.3	0.3	NUM
dem-14899	161	237	0.5	0.5	NUM
dem-14899	161	238	0.3	0.3	NUM
dem-14899	161	239	0.8	0.8	NUM
dem-14899	161	240	0.5	0.5	NUM
dem-14899	161	241	the	the	DET
dem-14899	161	242	forecasting	forecasting	NOUN
dem-14899	161	243	performance	performance	NOUN
dem-14899	161	244	of	of	ADP
dem-14899	161	245	both	both	PRON
dem-14899	161	246	(	(	PUNCT
dem-14899	161	247	restricted	restricted	ADJ
dem-14899	161	248	and	and	CCONJ
dem-14899	161	249	unrestricted	unrestricted	ADJ
dem-14899	161	250	)	)	PUNCT
dem-14899	161	251	class	class	NOUN
dem-14899	161	252	of	of	ADP
dem-14899	161	253	models	model	NOUN
dem-14899	161	254	for	for	ADP
dem-14899	161	255	subsamples	subsample	NOUN
dem-14899	161	256	is	be	AUX
dem-14899	161	257	presented	present	VERB
dem-14899	161	258	in	in	ADP
dem-14899	161	259	tables	table	NOUN
dem-14899	161	260	4	4	NUM
dem-14899	161	261	and	and	CCONJ
dem-14899	161	262	5	5	NUM
dem-14899	161	263	.	.	NOUN
dem-14899	161	264	table	table	NOUN
dem-14899	161	265	4	4	NUM
dem-14899	161	266	presents	present	NOUN
dem-14899	161	267	rmse	rmse	NOUN
dem-14899	161	268	relative	relative	ADJ
dem-14899	161	269	to	to	ADP
dem-14899	161	270	rw	rw	VERB
dem-14899	161	271	for	for	ADP
dem-14899	161	272	a	a	DET
dem-14899	161	273	group	group	NOUN
dem-14899	161	274	of	of	ADP
dem-14899	161	275	unrestricted	unrestricted	ADJ
dem-14899	161	276	specifications	specification	NOUN
dem-14899	161	277	,	,	PUNCT
dem-14899	161	278	while	while	SCONJ
dem-14899	161	279	table	table	NOUN
dem-14899	161	280	5	5	NUM
dem-14899	161	281	shows	show	VERB
dem-14899	161	282	results	result	NOUN
dem-14899	161	283	for	for	ADP
dem-14899	161	284	models	model	NOUN
dem-14899	161	285	with	with	ADP
dem-14899	161	286	strong	strong	ADJ
dem-14899	161	287	ppp	ppp	NOUN
dem-14899	161	288	restriction	restriction	NOUN
dem-14899	161	289	imposed	impose	VERB
dem-14899	161	290	.	.	PUNCT
dem-14899	162	1	the	the	DET
dem-14899	162	2	sequence	sequence	NOUN
dem-14899	162	3	of	of	ADP
dem-14899	162	4	subsamples	subsample	NOUN
dem-14899	162	5	were	be	AUX
dem-14899	162	6	split	split	VERB
dem-14899	162	7	into	into	ADP
dem-14899	162	8	two	two	NUM
dem-14899	162	9	sets	set	NOUN
dem-14899	162	10	,	,	PUNCT
dem-14899	162	11	the	the	DET
dem-14899	162	12	first	first	ADJ
dem-14899	162	13	one	one	NOUN
dem-14899	162	14	covers	cover	VERB
dem-14899	162	15	the	the	DET
dem-14899	162	16	subsamples	subsample	NOUN
dem-14899	162	17	ending	end	VERB
dem-14899	162	18	ad	ad	NOUN
dem-14899	162	19	2011:03	2011:03	NUM
dem-14899	162	20	to	to	ADP
dem-14899	162	21	2016:02	2016:02	NUM
dem-14899	162	22	and	and	CCONJ
dem-14899	162	23	the	the	DET
dem-14899	162	24	second	second	ADJ
dem-14899	162	25	one	one	NOUN
dem-14899	162	26	contains	contain	VERB
dem-14899	162	27	these	these	DET
dem-14899	162	28	ending	end	VERB
dem-14899	162	29	at	at	ADP
dem-14899	162	30	2011:03	2011:03	NUM
dem-14899	162	31	to	to	ADP
dem-14899	162	32	2016:02	2016:02	NUM
dem-14899	162	33	.	.	PUNCT
dem-14899	163	1	just	just	ADV
dem-14899	163	2	like	like	INTJ
dem-14899	163	3	in	in	ADP
dem-14899	163	4	case	case	NOUN
dem-14899	163	5	of	of	ADP
dem-14899	163	6	the	the	DET
dem-14899	163	7	whole	whole	ADJ
dem-14899	163	8	sample	sample	NOUN
dem-14899	163	9	,	,	PUNCT
dem-14899	163	10	we	we	PRON
dem-14899	163	11	report	report	VERB
dem-14899	163	12	in	in	ADP
dem-14899	163	13	all	all	DET
dem-14899	163	14	tables	table	NOUN
dem-14899	163	15	p	p	NOUN
dem-14899	163	16	-	-	PUNCT
dem-14899	163	17	values	value	NOUN
dem-14899	163	18	of	of	ADP
dem-14899	163	19	the	the	DET
dem-14899	163	20	hln	hln	PROPN
dem-14899	163	21	-	-	PUNCT
dem-14899	163	22	dm	dm	PROPN
dem-14899	163	23	test	test	NOUN
dem-14899	163	24	against	against	ADP
dem-14899	163	25	rw	rw	NOUN
dem-14899	163	26	for	for	ADP
dem-14899	163	27	the	the	DET
dem-14899	163	28	quadratic	quadratic	ADJ
dem-14899	163	29	loss	loss	NOUN
dem-14899	163	30	function	function	NOUN
dem-14899	163	31	.	.	PUNCT
dem-14899	164	1	again	again	ADV
dem-14899	164	2	,	,	PUNCT
dem-14899	164	3	in	in	ADP
dem-14899	164	4	case	case	NOUN
dem-14899	164	5	of	of	ADP
dem-14899	164	6	a	a	DET
dem-14899	164	7	set	set	NOUN
dem-14899	164	8	of	of	ADP
dem-14899	164	9	unrestricted	unrestricted	ADJ
dem-14899	164	10	models	model	NOUN
dem-14899	164	11	estvecm	estvecm	VERB
dem-14899	164	12	with	with	ADP
dem-14899	164	13	smooth	smooth	ADJ
dem-14899	164	14	transition	transition	NOUN
dem-14899	164	15	function	function	NOUN
dem-14899	164	16	in	in	ADP
dem-14899	164	17	ξ	ξ	PROPN
dem-14899	164	18	provides	provide	VERB
dem-14899	164	19	much	much	ADV
dem-14899	164	20	better	well	ADJ
dem-14899	164	21	forecasts	forecast	NOUN
dem-14899	164	22	for	for	ADP
dem-14899	164	23	longer	long	ADJ
dem-14899	164	24	horizon	horizon	NOUN
dem-14899	164	25	in	in	ADP
dem-14899	164	26	both	both	DET
dem-14899	164	27	series	series	NOUN
dem-14899	164	28	of	of	ADP
dem-14899	164	29	subsamples	subsample	NOUN
dem-14899	164	30	.	.	PUNCT
dem-14899	165	1	in	in	ADP
dem-14899	165	2	short	short	ADJ
dem-14899	165	3	term	term	NOUN
dem-14899	165	4	forecasting	forecast	VERB
dem-14899	165	5	this	this	DET
dem-14899	165	6	model	model	NOUN
dem-14899	165	7	also	also	ADV
dem-14899	165	8	beats	beat	VERB
dem-14899	165	9	simple	simple	ADJ
dem-14899	165	10	vecm	vecm	NOUN
dem-14899	165	11	in	in	ADP
dem-14899	165	12	second	second	ADJ
dem-14899	165	13	set	set	NOUN
dem-14899	165	14	of	of	ADP
dem-14899	165	15	subsamples	subsample	NOUN
dem-14899	165	16	(	(	PUNCT
dem-14899	165	17	2011:03	2011:03	NUM
dem-14899	165	18	–	–	PUNCT
dem-14899	165	19	2016:02	2016:02	NUM
dem-14899	165	20	)	)	PUNCT
dem-14899	165	21	.	.	PUNCT
dem-14899	166	1	simple	simple	ADJ
dem-14899	166	2	vecm	vecm	NOUN
dem-14899	166	3	performs	perform	VERB
dem-14899	166	4	relatively	relatively	ADV
dem-14899	166	5	better	well	ADJ
dem-14899	166	6	than	than	SCONJ
dem-14899	166	7	rw	rw	NOUN
dem-14899	166	8	only	only	ADV
dem-14899	166	9	in	in	ADP
dem-14899	166	10	case	case	NOUN
dem-14899	166	11	of	of	ADP
dem-14899	166	12	first	first	ADJ
dem-14899	166	13	series	series	NOUN
dem-14899	166	14	of	of	ADP
dem-14899	166	15	subsamples	subsample	NOUN
dem-14899	166	16	.	.	PUNCT
dem-14899	167	1	forecasting	forecast	VERB
dem-14899	167	2	eur	eur	PROPN
dem-14899	167	3	/	/	SYM
dem-14899	167	4	pln	pln	PROPN
dem-14899	167	5	exchange	exchange	PROPN
dem-14899	167	6	rate	rate	NOUN
dem-14899	167	7	:	:	PUNCT
dem-14899	167	8	the	the	DET
dem-14899	167	9	role	role	NOUN
dem-14899	167	10	of	of	ADP
dem-14899	167	11	purchasing	purchase	VERB
dem-14899	167	12	power	power	NOUN
dem-14899	167	13	parity	parity	NOUN
dem-14899	167	14	…	…	SYM
dem-14899	167	15	dynamic	dynamic	ADJ
dem-14899	167	16	econometric	econometric	ADJ
dem-14899	167	17	models	model	NOUN
dem-14899	167	18	17	17	NUM
dem-14899	167	19	(	(	PUNCT
dem-14899	167	20	2017	2017	NUM
dem-14899	167	21	)	)	PUNCT
dem-14899	167	22	97–114	97–114	NUM
dem-14899	167	23	109	109	NUM
dem-14899	167	24	analysing	analysing	NOUN
dem-14899	167	25	results	result	NOUN
dem-14899	167	26	presented	present	VERB
dem-14899	167	27	in	in	ADP
dem-14899	167	28	table	table	NOUN
dem-14899	167	29	5	5	NUM
dem-14899	167	30	we	we	PRON
dem-14899	167	31	report	report	VERB
dem-14899	167	32	relatively	relatively	ADV
dem-14899	167	33	good	good	ADJ
dem-14899	167	34	forecasting	forecasting	NOUN
dem-14899	167	35	power	power	NOUN
dem-14899	167	36	of	of	ADP
dem-14899	167	37	estvecm	estvecm	PROPN
dem-14899	167	38	specification	specification	NOUN
dem-14899	167	39	in	in	ADP
dem-14899	167	40	the	the	DET
dem-14899	167	41	long	long	ADJ
dem-14899	167	42	term	term	NOUN
dem-14899	167	43	.	.	PUNCT
dem-14899	168	1	also	also	ADV
dem-14899	168	2	simple	simple	ADJ
dem-14899	168	3	vecm	vecm	NOUN
dem-14899	168	4	provide	provide	VERB
dem-14899	168	5	the	the	DET
dem-14899	168	6	best	good	ADJ
dem-14899	168	7	forecasts	forecast	NOUN
dem-14899	168	8	in	in	ADP
dem-14899	168	9	case	case	NOUN
dem-14899	168	10	of	of	ADP
dem-14899	168	11	one	one	NUM
dem-14899	168	12	month	month	NOUN
dem-14899	168	13	ahead	ahead	ADV
dem-14899	168	14	and	and	CCONJ
dem-14899	168	15	three	three	NUM
dem-14899	168	16	month	month	NOUN
dem-14899	168	17	-	-	PUNCT
dem-14899	168	18	ahead	ahead	NOUN
dem-14899	168	19	horizon	horizon	NOUN
dem-14899	168	20	.	.	PUNCT
dem-14899	169	1	table	table	NOUN
dem-14899	169	2	4	4	NUM
dem-14899	169	3	.	.	PUNCT
dem-14899	169	4	rmse	rmse	NOUN
dem-14899	169	5	for	for	ADP
dem-14899	169	6	the	the	DET
dem-14899	169	7	sequential	sequential	ADJ
dem-14899	169	8	forecasting	forecasting	NOUN
dem-14899	169	9	comparison	comparison	NOUN
dem-14899	169	10	out	out	ADP
dem-14899	169	11	of	of	ADP
dem-14899	169	12	sample	sample	NOUN
dem-14899	169	13	periods	period	NOUN
dem-14899	169	14	for	for	ADP
dem-14899	169	15	unrestricted	unrestricted	ADJ
dem-14899	169	16	models	model	NOUN
dem-14899	169	17	and	and	CCONJ
dem-14899	169	18	p	p	NOUN
dem-14899	169	19	-	-	PUNCT
dem-14899	169	20	values	value	NOUN
dem-14899	169	21	(	(	PUNCT
dem-14899	169	22	in	in	ADP
dem-14899	169	23	italics	italic	NOUN
dem-14899	169	24	)	)	PUNCT
dem-14899	169	25	for	for	ADP
dem-14899	169	26	hln	hln	PROPN
dem-14899	169	27	-	-	PUNCT
dem-14899	169	28	dm	dm	PROPN
dem-14899	169	29	test	test	NOUN
dem-14899	169	30	against	against	ADP
dem-14899	169	31	rw	rw	NOUN
dem-14899	169	32	for	for	ADP
dem-14899	169	33	quadratic	quadratic	ADJ
dem-14899	169	34	loss	loss	NOUN
dem-14899	169	35	function	function	NOUN
dem-14899	169	36	relative	relative	ADJ
dem-14899	169	37	rmse	rmse	NOUN
dem-14899	169	38	(	(	PUNCT
dem-14899	169	39	rw=1	rw=1	NOUN
dem-14899	169	40	)	)	PUNCT
dem-14899	169	41	–	–	PUNCT
dem-14899	169	42	log(fx	log(fx	NOUN
dem-14899	169	43	)	)	PUNCT
dem-14899	169	44	–	–	PUNCT
dem-14899	169	45	for	for	ADP
dem-14899	169	46	subsamples	subsample	NOUN
dem-14899	169	47	:	:	PUNCT
dem-14899	169	48	2006:03–2011:02	2006:03–2011:02	NUM
dem-14899	169	49	horizon	horizon	NOUN
dem-14899	169	50	vecm	vecm	NOUN
dem-14899	169	51	estvec	estvec	VERB
dem-14899	169	52	α	α	PROPN
dem-14899	169	53	estvec	estvec	PROPN
dem-14899	169	54	ξ	ξ	X
dem-14899	169	55	estvec	estvec	PROPN
dem-14899	169	56	г	г	PROPN
dem-14899	169	57	estvec	estvec	PROPN
dem-14899	169	58	α	α	X
dem-14899	169	59	,	,	PUNCT
dem-14899	169	60	ξ	ξ	PROPN
dem-14899	169	61	estvec	estvec	PROPN
dem-14899	169	62	г	г	PROPN
dem-14899	169	63	,	,	PUNCT
dem-14899	169	64	ξ	ξ	PROPN
dem-14899	169	65	estvec	estvec	PROPN
dem-14899	169	66	α	α	X
dem-14899	169	67	,	,	PUNCT
dem-14899	169	68	г	г	PROPN
dem-14899	169	69	,	,	PUNCT
dem-14899	169	70	ξ	ξ	PROPN
dem-14899	169	71	estvec	estvec	VERB
dem-14899	169	72	full	full	ADJ
dem-14899	169	73	1	1	NUM
dem-14899	169	74	m.	m.	NOUN
dem-14899	169	75	0.904	0.904	NUM
dem-14899	169	76	0.948	0.948	NUM
dem-14899	169	77	0.926	0.926	NUM
dem-14899	169	78	0.945	0.945	NUM
dem-14899	169	79	0.955	0.955	NUM
dem-14899	169	80	1.005	1.005	NUM
dem-14899	169	81	0.959	0.959	NUM
dem-14899	169	82	0.983	0.983	NUM
dem-14899	169	83	0.1	0.1	NUM
dem-14899	169	84	0.3	0.3	NUM
dem-14899	169	85	0.2	0.2	NUM
dem-14899	169	86	0.2	0.2	NUM
dem-14899	169	87	0.3	0.3	NUM
dem-14899	169	88	0.5	0.5	NUM
dem-14899	169	89	0.3	0.3	NUM
dem-14899	169	90	0.4	0.4	NUM
dem-14899	169	91	3	3	NUM
dem-14899	169	92	m.	m.	NOUN
dem-14899	169	93	0.917	0.917	NUM
dem-14899	169	94	1.022	1.022	NUM
dem-14899	169	95	0.937	0.937	NUM
dem-14899	169	96	0.972	0.972	NUM
dem-14899	169	97	1.022	1.022	NUM
dem-14899	169	98	1.069	1.069	NUM
dem-14899	169	99	1.120	1.120	NUM
dem-14899	169	100	1.037	1.037	NUM
dem-14899	169	101	0.3	0.3	NUM
dem-14899	169	102	0.6	0.6	NUM
dem-14899	169	103	0.3	0.3	NUM
dem-14899	169	104	0.4	0.4	NUM
dem-14899	169	105	0.6	0.6	NUM
dem-14899	169	106	0.7	0.7	NUM
dem-14899	169	107	0.8	0.8	NUM
dem-14899	169	108	0.6	0.6	NUM
dem-14899	169	109	6	6	NUM
dem-14899	169	110	m.	m.	NOUN
dem-14899	169	111	0.988	0.988	NUM
dem-14899	169	112	1.126	1.126	NUM
dem-14899	169	113	0.929	0.929	NUM
dem-14899	169	114	0.954	0.954	NUM
dem-14899	169	115	1.087	1.087	NUM
dem-14899	169	116	1.091	1.091	NUM
dem-14899	169	117	174.947	174.947	NUM
dem-14899	169	118	1.137	1.137	NUM
dem-14899	169	119	0.4	0.4	NUM
dem-14899	169	120	1.0	1.0	NUM
dem-14899	169	121	0.2	0.2	NUM
dem-14899	169	122	0.3	0.3	NUM
dem-14899	169	123	1.0	1.0	NUM
dem-14899	169	124	0.8	0.8	NUM
dem-14899	169	125	0.8	0.8	NUM
dem-14899	169	126	1.0	1.0	NUM
dem-14899	169	127	12	12	NUM
dem-14899	169	128	m.	m.	NOUN
dem-14899	169	129	1.010	1.010	NUM
dem-14899	169	130	1.249	1.249	NUM
dem-14899	169	131	0.886	0.886	NUM
dem-14899	169	132	0.910	0.910	NUM
dem-14899	169	133	1.172	1.172	NUM
dem-14899	169	134	79.682	79.682	NUM
dem-14899	169	135	>	>	PUNCT
dem-14899	169	136	1e+10	1e+10	NUM
dem-14899	169	137	1.314	1.314	NUM
dem-14899	169	138	0.6	0.6	NUM
dem-14899	169	139	1.0	1.0	NUM
dem-14899	169	140	0.04	0.04	NUM
dem-14899	169	141	0.1	0.1	NUM
dem-14899	169	142	1.0	1.0	NUM
dem-14899	169	143	0.9	0.9	NUM
dem-14899	169	144	0.9	0.9	NUM
dem-14899	169	145	1.0	1.0	NUM
dem-14899	169	146	relative	relative	ADJ
dem-14899	169	147	rmse	rmse	NOUN
dem-14899	169	148	(	(	PUNCT
dem-14899	169	149	rw=1	rw=1	NOUN
dem-14899	169	150	)	)	PUNCT
dem-14899	169	151	–	–	PUNCT
dem-14899	169	152	log(fx	log(fx	NOUN
dem-14899	169	153	)	)	PUNCT
dem-14899	169	154	–	–	PUNCT
dem-14899	169	155	for	for	ADP
dem-14899	169	156	subsamples	subsample	NOUN
dem-14899	169	157	:	:	PUNCT
dem-14899	169	158	2011:03–2016:02	2011:03–2016:02	NUM
dem-14899	169	159	horizon	horizon	NOUN
dem-14899	169	160	vecm	vecm	NOUN
dem-14899	169	161	estvec	estvec	VERB
dem-14899	169	162	α	α	PROPN
dem-14899	169	163	estvec	estvec	PROPN
dem-14899	169	164	ξ	ξ	X
dem-14899	169	165	estvec	estvec	PROPN
dem-14899	169	166	г	г	PROPN
dem-14899	169	167	estvec	estvec	PROPN
dem-14899	169	168	α	α	X
dem-14899	169	169	,	,	PUNCT
dem-14899	169	170	ξ	ξ	PROPN
dem-14899	169	171	estvec	estvec	PROPN
dem-14899	169	172	г	г	PROPN
dem-14899	169	173	,	,	PUNCT
dem-14899	169	174	ξ	ξ	PROPN
dem-14899	169	175	estvec	estvec	PROPN
dem-14899	169	176	α	α	X
dem-14899	169	177	,	,	PUNCT
dem-14899	169	178	г	г	PROPN
dem-14899	169	179	,	,	PUNCT
dem-14899	169	180	ξ	ξ	PROPN
dem-14899	169	181	estvec	estvec	VERB
dem-14899	169	182	full	full	ADJ
dem-14899	169	183	1	1	NUM
dem-14899	169	184	m.	m.	NOUN
dem-14899	169	185	0.955	0.955	NUM
dem-14899	169	186	0.979	0.979	NUM
dem-14899	169	187	0.946	0.946	NUM
dem-14899	169	188	0.954	0.954	NUM
dem-14899	169	189	0.977	0.977	NUM
dem-14899	169	190	0.953	0.953	NUM
dem-14899	169	191	0.965	0.965	NUM
dem-14899	169	192	0.982	0.982	NUM
dem-14899	169	193	0.3	0.3	NUM
dem-14899	169	194	0.4	0.4	NUM
dem-14899	169	195	0.2	0.2	NUM
dem-14899	169	196	0.2	0.2	NUM
dem-14899	169	197	0.4	0.4	NUM
dem-14899	169	198	0.2	0.2	NUM
dem-14899	169	199	0.3	0.3	NUM
dem-14899	169	200	0.4	0.4	NUM
dem-14899	169	201	3	3	NUM
dem-14899	169	202	m.	m.	NOUN
dem-14899	169	203	1.085	1.085	NUM
dem-14899	169	204	1.136	1.136	NUM
dem-14899	169	205	1.060	1.060	NUM
dem-14899	169	206	1.079	1.079	NUM
dem-14899	169	207	1.165	1.165	NUM
dem-14899	169	208	1.066	1.066	NUM
dem-14899	169	209	1.031	1.031	NUM
dem-14899	169	210	1.163	1.163	NUM
dem-14899	169	211	0.8	0.8	NUM
dem-14899	169	212	0.9	0.9	NUM
dem-14899	169	213	0.8	0.8	NUM
dem-14899	169	214	0.9	0.9	NUM
dem-14899	169	215	0.9	0.9	NUM
dem-14899	169	216	0.8	0.8	NUM
dem-14899	169	217	0.6	0.6	NUM
dem-14899	169	218	1.0	1.0	NUM
dem-14899	169	219	6	6	NUM
dem-14899	169	220	m.	m.	NOUN
dem-14899	169	221	1.056	1.056	NUM
dem-14899	169	222	1.225	1.225	NUM
dem-14899	169	223	0.971	0.971	NUM
dem-14899	169	224	1.022	1.022	NUM
dem-14899	169	225	1.271	1.271	NUM
dem-14899	169	226	1.009	1.009	NUM
dem-14899	169	227	1.188	1.188	NUM
dem-14899	169	228	1.241	1.241	NUM
dem-14899	169	229	0.8	0.8	NUM
dem-14899	169	230	1.0	1.0	NUM
dem-14899	169	231	0.4	0.4	NUM
dem-14899	169	232	0.6	0.6	NUM
dem-14899	169	233	1.0	1.0	NUM
dem-14899	169	234	0.5	0.5	NUM
dem-14899	169	235	1.0	1.0	NUM
dem-14899	169	236	0.9	0.9	NUM
dem-14899	169	237	12	12	NUM
dem-14899	169	238	m.	m.	NOUN
dem-14899	169	239	1.056	1.056	NUM
dem-14899	169	240	1.434	1.434	NUM
dem-14899	169	241	0.892	0.892	NUM
dem-14899	169	242	1.014	1.014	NUM
dem-14899	169	243	1.487	1.487	NUM
dem-14899	169	244	1.013	1.013	NUM
dem-14899	169	245	>	>	PUNCT
dem-14899	170	1	5e+5	5e+5	NUM
dem-14899	170	2	1.385	1.385	NUM
dem-14899	170	3	0.7	0.7	NUM
dem-14899	170	4	0.9	0.9	NUM
dem-14899	170	5	0.2	0.2	NUM
dem-14899	170	6	0.5	0.5	NUM
dem-14899	170	7	0.8	0.8	NUM
dem-14899	170	8	0.5	0.5	NUM
dem-14899	170	9	0.8	0.8	NUM
dem-14899	170	10	0.8	0.8	NUM
dem-14899	170	11	however	however	ADV
dem-14899	170	12	,	,	PUNCT
dem-14899	170	13	only	only	ADV
dem-14899	170	14	a	a	DET
dem-14899	170	15	few	few	ADJ
dem-14899	170	16	analysed	analyse	VERB
dem-14899	170	17	cases	case	NOUN
dem-14899	170	18	generate	generate	VERB
dem-14899	170	19	forecasts	forecast	NOUN
dem-14899	170	20	significantly	significantly	ADV
dem-14899	170	21	different	different	ADJ
dem-14899	170	22	compared	compare	VERB
dem-14899	170	23	to	to	ADP
dem-14899	170	24	the	the	DET
dem-14899	170	25	rw	rw	NOUN
dem-14899	170	26	-	-	PUNCT
dem-14899	170	27	based	base	VERB
dem-14899	170	28	ones	one	NOUN
dem-14899	170	29	.	.	PUNCT
dem-14899	171	1	relatively	relatively	ADV
dem-14899	171	2	good	good	ADV
dem-14899	171	3	-	-	PUNCT
dem-14899	171	4	performing	perform	VERB
dem-14899	171	5	simple	simple	ADJ
dem-14899	171	6	vecm	vecm	NOUN
dem-14899	171	7	model	model	NOUN
dem-14899	171	8	for	for	ADP
dem-14899	171	9	one	one	NUM
dem-14899	171	10	month	month	NOUN
dem-14899	171	11	ahead	ahead	ADV
dem-14899	171	12	horizon	horizon	NOUN
dem-14899	171	13	as	as	ADV
dem-14899	171	14	well	well	ADV
dem-14899	171	15	as	as	ADP
dem-14899	171	16	estvec	estvec	NOUN
dem-14899	171	17	-	-	PUNCT
dem-14899	171	18	ξ	ξ	PROPN
dem-14899	171	19	and	and	CCONJ
dem-14899	171	20	estvec	estvec	PROPN
dem-14899	171	21	-	-	PUNCT
dem-14899	171	22	г	г	NOUN
dem-14899	171	23	for	for	ADP
dem-14899	171	24	12	12	NUM
dem-14899	171	25	months	month	NOUN
dem-14899	171	26	ahead	ahead	ADV
dem-14899	171	27	differs	differ	VERB
dem-14899	171	28	significantly	significantly	ADV
dem-14899	171	29	from	from	ADP
dem-14899	171	30	the	the	DET
dem-14899	171	31	rw	rw	NOUN
dem-14899	171	32	case	case	NOUN
dem-14899	171	33	for	for	ADP
dem-14899	171	34	unrestricted	unrestricted	ADJ
dem-14899	171	35	models	model	NOUN
dem-14899	171	36	and	and	CCONJ
dem-14899	171	37	the	the	DET
dem-14899	171	38	first	first	ADJ
dem-14899	171	39	set	set	NOUN
dem-14899	171	40	of	of	ADP
dem-14899	171	41	subsamples	subsample	NOUN
dem-14899	171	42	;	;	PUNCT
dem-14899	171	43	see	see	VERB
dem-14899	171	44	table	table	NOUN
dem-14899	171	45	4	4	NUM
dem-14899	171	46	.	.	PUNCT
dem-14899	172	1	in	in	ADP
dem-14899	172	2	this	this	DET
dem-14899	172	3	case	case	NOUN
dem-14899	172	4	the	the	DET
dem-14899	172	5	best	good	ADJ
dem-14899	172	6	forecasting	forecasting	NOUN
dem-14899	172	7	performance	performance	NOUN
dem-14899	172	8	,	,	PUNCT
dem-14899	172	9	obtained	obtain	VERB
dem-14899	172	10	for	for	ADP
dem-14899	172	11	12	12	NUM
dem-14899	172	12	month	month	NOUN
dem-14899	172	13	horizon	horizon	NOUN
dem-14899	172	14	in	in	ADP
dem-14899	172	15	estvec	estvec	PROPN
dem-14899	172	16	-	-	PUNCT
dem-14899	172	17	ξ	ξ	PROPN
dem-14899	172	18	model	model	NOUN
dem-14899	172	19	receives	receive	VERB
dem-14899	172	20	also	also	ADV
dem-14899	172	21	the	the	DET
dem-14899	172	22	strongest	strong	ADJ
dem-14899	172	23	data	datum	NOUN
dem-14899	172	24	evidence	evidence	NOUN
dem-14899	172	25	against	against	ADP
dem-14899	172	26	rw	rw	NOUN
dem-14899	172	27	forecasts	forecast	NOUN
dem-14899	172	28	as	as	SCONJ
dem-14899	172	29	tested	test	VERB
dem-14899	172	30	by	by	ADP
dem-14899	172	31	hln	hln	PROPN
dem-14899	172	32	-	-	PUNCT
dem-14899	172	33	dm	dm	PROPN
dem-14899	172	34	quadratic	quadratic	ADJ
dem-14899	172	35	score	score	NOUN
dem-14899	172	36	.	.	PUNCT
dem-14899	173	1	we	we	PRON
dem-14899	173	2	report	report	VERB
dem-14899	173	3	not	not	PART
dem-14899	173	4	so	so	ADV
dem-14899	173	5	strong	strong	ADJ
dem-14899	173	6	statistical	statistical	ADJ
dem-14899	173	7	significance	significance	NOUN
dem-14899	173	8	in	in	ADP
dem-14899	173	9	case	case	NOUN
dem-14899	173	10	of	of	ADP
dem-14899	173	11	restricted	restricted	ADJ
dem-14899	173	12	models	model	NOUN
dem-14899	173	13	;	;	PUNCT
dem-14899	173	14	see	see	VERB
dem-14899	173	15	table	table	NOUN
dem-14899	173	16	5	5	NUM
dem-14899	173	17	.	.	PUNCT
dem-14899	174	1	only	only	ADV
dem-14899	174	2	in	in	ADP
dem-14899	174	3	case	case	NOUN
dem-14899	174	4	of	of	ADP
dem-14899	174	5	short	short	ADJ
dem-14899	174	6	term	term	NOUN
dem-14899	174	7	forecasts	forecast	VERB
dem-14899	174	8	p	p	NOUN
dem-14899	174	9	-	-	PUNCT
dem-14899	174	10	values	value	NOUN
dem-14899	174	11	are	be	AUX
dem-14899	174	12	not	not	PART
dem-14899	174	13	greater	great	ADJ
dem-14899	174	14	than	than	ADP
dem-14899	174	15	0.1	0.1	NUM
dem-14899	174	16	making	make	VERB
dem-14899	174	17	weak	weak	ADJ
dem-14899	174	18	data	datum	NOUN
dem-14899	174	19	evidence	evidence	NOUN
dem-14899	174	20	in	in	ADP
dem-14899	174	21	favour	favour	NOUN
dem-14899	174	22	of	of	ADP
dem-14899	174	23	significant	significant	ADJ
dem-14899	174	24	differences	difference	NOUN
dem-14899	174	25	of	of	ADP
dem-14899	174	26	generated	generate	VERB
dem-14899	174	27	forecasts	forecast	NOUN
dem-14899	174	28	from	from	ADP
dem-14899	174	29	rw	rw	NOUN
dem-14899	174	30	case	case	NOUN
dem-14899	174	31	.	.	PUNCT
dem-14899	175	1	adrian	adrian	PROPN
dem-14899	175	2	burda	burda	PROPN
dem-14899	175	3	,	,	PUNCT
dem-14899	175	4	błażej	błażej	PROPN
dem-14899	175	5	mazur	mazur	NOUN
dem-14899	175	6	,	,	PUNCT
dem-14899	175	7	mateusz	mateusz	PROPN
dem-14899	175	8	pipień	pipień	NOUN
dem-14899	175	9	dynamic	dynamic	ADJ
dem-14899	175	10	econometric	econometric	ADJ
dem-14899	175	11	models	model	NOUN
dem-14899	175	12	17	17	NUM
dem-14899	175	13	(	(	PUNCT
dem-14899	175	14	2017	2017	NUM
dem-14899	175	15	)	)	PUNCT
dem-14899	176	1	97–114	97–114	NUM
dem-14899	176	2	110	110	NUM
dem-14899	176	3	table	table	NOUN
dem-14899	176	4	5	5	NUM
dem-14899	176	5	.	.	PUNCT
dem-14899	176	6	rmse	rmse	PROPN
dem-14899	176	7	for	for	ADP
dem-14899	176	8	the	the	DET
dem-14899	176	9	sequential	sequential	ADJ
dem-14899	176	10	forecasting	forecasting	NOUN
dem-14899	176	11	comparison	comparison	NOUN
dem-14899	176	12	out	out	ADP
dem-14899	176	13	of	of	ADP
dem-14899	176	14	sample	sample	NOUN
dem-14899	176	15	periods	period	NOUN
dem-14899	176	16	for	for	ADP
dem-14899	176	17	models	model	NOUN
dem-14899	176	18	with	with	ADP
dem-14899	176	19	strong	strong	ADJ
dem-14899	176	20	-	-	PUNCT
dem-14899	176	21	form	form	NOUN
dem-14899	176	22	ppp	ppp	NOUN
dem-14899	176	23	restriction	restriction	NOUN
dem-14899	176	24	and	and	CCONJ
dem-14899	176	25	p	p	NOUN
dem-14899	176	26	-	-	PUNCT
dem-14899	176	27	values	value	NOUN
dem-14899	176	28	(	(	PUNCT
dem-14899	176	29	in	in	ADP
dem-14899	176	30	italics	italic	NOUN
dem-14899	176	31	)	)	PUNCT
dem-14899	176	32	for	for	ADP
dem-14899	176	33	hlndm	hlndm	NOUN
dem-14899	176	34	test	test	VERB
dem-14899	176	35	against	against	ADP
dem-14899	176	36	rw	rw	NOUN
dem-14899	176	37	for	for	ADP
dem-14899	176	38	quadratic	quadratic	ADJ
dem-14899	176	39	loss	loss	NOUN
dem-14899	176	40	function	function	NOUN
dem-14899	176	41	relative	relative	ADJ
dem-14899	176	42	rmse	rmse	NOUN
dem-14899	176	43	(	(	PUNCT
dem-14899	176	44	rw=1	rw=1	NOUN
dem-14899	176	45	)	)	PUNCT
dem-14899	176	46	–	–	PUNCT
dem-14899	176	47	log(fx	log(fx	NOUN
dem-14899	176	48	)	)	PUNCT
dem-14899	176	49	–	–	PUNCT
dem-14899	176	50	for	for	ADP
dem-14899	176	51	subsamples	subsample	NOUN
dem-14899	176	52	:	:	PUNCT
dem-14899	176	53	2006:03–2011:02	2006:03–2011:02	NUM
dem-14899	176	54	horizon	horizon	NOUN
dem-14899	176	55	vecm	vecm	NOUN
dem-14899	176	56	estvec	estvec	VERB
dem-14899	176	57	α	α	PROPN
dem-14899	176	58	estvec	estvec	PROPN
dem-14899	176	59	ξ	ξ	X
dem-14899	176	60	estvec	estvec	PROPN
dem-14899	176	61	г	г	PROPN
dem-14899	176	62	estvec	estvec	PROPN
dem-14899	176	63	α	α	X
dem-14899	176	64	,	,	PUNCT
dem-14899	176	65	ξ	ξ	PROPN
dem-14899	176	66	estvec	estvec	PROPN
dem-14899	176	67	г	г	PROPN
dem-14899	176	68	,	,	PUNCT
dem-14899	176	69	ξ	ξ	PROPN
dem-14899	176	70	estvec	estvec	PROPN
dem-14899	176	71	α	α	X
dem-14899	176	72	,	,	PUNCT
dem-14899	176	73	г	г	PROPN
dem-14899	176	74	,	,	PUNCT
dem-14899	176	75	ξ	ξ	PROPN
dem-14899	176	76	estvec	estvec	VERB
dem-14899	176	77	full	full	ADJ
dem-14899	176	78	1	1	NUM
dem-14899	176	79	m.	m.	NOUN
dem-14899	176	80	0.886	0.886	NUM
dem-14899	176	81	0.905	0.905	NUM
dem-14899	176	82	0.907	0.907	NUM
dem-14899	176	83	0.886	0.886	NUM
dem-14899	176	84	0.909	0.909	NUM
dem-14899	176	85	0.927	0.927	NUM
dem-14899	176	86	0.919	0.919	NUM
dem-14899	176	87	0.919	0.919	NUM
dem-14899	176	88	0.1	0.1	NUM
dem-14899	176	89	0.1	0.1	NUM
dem-14899	176	90	0.1	0.1	NUM
dem-14899	176	91	0.1	0.1	NUM
dem-14899	176	92	0.2	0.2	NUM
dem-14899	176	93	0.2	0.2	NUM
dem-14899	176	94	0.2	0.2	NUM
dem-14899	176	95	0.2	0.2	NUM
dem-14899	176	96	3	3	NUM
dem-14899	176	97	m.	m.	NOUN
dem-14899	176	98	0.882	0.882	NUM
dem-14899	176	99	0.928	0.928	NUM
dem-14899	176	100	0.909	0.909	NUM
dem-14899	176	101	0.882	0.882	NUM
dem-14899	176	102	0.900	0.900	NUM
dem-14899	176	103	0.912	0.912	NUM
dem-14899	176	104	0.921	0.921	NUM
dem-14899	176	105	0.921	0.921	NUM
dem-14899	176	106	0.2	0.2	NUM
dem-14899	176	107	0.3	0.3	NUM
dem-14899	176	108	0.3	0.3	NUM
dem-14899	176	109	0.2	0.2	NUM
dem-14899	176	110	0.3	0.3	NUM
dem-14899	176	111	0.3	0.3	NUM
dem-14899	176	112	0.3	0.3	NUM
dem-14899	176	113	0.3	0.3	NUM
dem-14899	176	114	6	6	NUM
dem-14899	176	115	m.	m.	NOUN
dem-14899	176	116	0.928	0.928	NUM
dem-14899	176	117	0.973	0.973	NUM
dem-14899	176	118	0.924	0.924	NUM
dem-14899	176	119	0.928	0.928	NUM
dem-14899	176	120	0.896	0.896	NUM
dem-14899	176	121	0.892	0.892	NUM
dem-14899	176	122	1.032	1.032	NUM
dem-14899	176	123	0.925	0.925	NUM
dem-14899	176	124	0.2	0.2	NUM
dem-14899	176	125	0.4	0.4	NUM
dem-14899	176	126	0.3	0.3	NUM
dem-14899	176	127	0.2	0.2	NUM
dem-14899	176	128	0.2	0.2	NUM
dem-14899	176	129	0.2	0.2	NUM
dem-14899	176	130	0.9	0.9	NUM
dem-14899	176	131	0.3	0.3	NUM
dem-14899	176	132	12	12	NUM
dem-14899	176	133	m.	m.	NOUN
dem-14899	176	134	0.905	0.905	NUM
dem-14899	176	135	1.038	1.038	NUM
dem-14899	176	136	0.894	0.894	NUM
dem-14899	176	137	0.905	0.905	NUM
dem-14899	176	138	0.955	0.955	NUM
dem-14899	176	139	0.859	0.859	NUM
dem-14899	176	140	183.662	183.662	NUM
dem-14899	176	141	0.981	0.981	NUM
dem-14899	176	142	0.2	0.2	NUM
dem-14899	176	143	0.8	0.8	NUM
dem-14899	176	144	0.2	0.2	NUM
dem-14899	176	145	0.2	0.2	NUM
dem-14899	176	146	0.3	0.3	NUM
dem-14899	176	147	0.2	0.2	NUM
dem-14899	176	148	0.9	0.9	NUM
dem-14899	176	149	0.4	0.4	NUM
dem-14899	176	150	relative	relative	ADJ
dem-14899	176	151	rmse	rmse	NOUN
dem-14899	176	152	(	(	PUNCT
dem-14899	176	153	rw=1	rw=1	NOUN
dem-14899	176	154	)	)	PUNCT
dem-14899	176	155	–	–	PUNCT
dem-14899	176	156	log(fx	log(fx	NOUN
dem-14899	176	157	)	)	PUNCT
dem-14899	176	158	–	–	PUNCT
dem-14899	176	159	for	for	ADP
dem-14899	176	160	subsamples	subsample	NOUN
dem-14899	176	161	:	:	PUNCT
dem-14899	176	162	2011:03–2016:02	2011:03–2016:02	NUM
dem-14899	176	163	horizon	horizon	NOUN
dem-14899	176	164	vecm	vecm	NOUN
dem-14899	176	165	estvec	estvec	VERB
dem-14899	176	166	α	α	PROPN
dem-14899	176	167	estvec	estvec	PROPN
dem-14899	176	168	ξ	ξ	X
dem-14899	176	169	estvec	estvec	PROPN
dem-14899	176	170	г	г	PROPN
dem-14899	176	171	estvec	estvec	PROPN
dem-14899	176	172	α	α	X
dem-14899	176	173	,	,	PUNCT
dem-14899	176	174	ξ	ξ	PROPN
dem-14899	176	175	estvec	estvec	PROPN
dem-14899	176	176	г	г	PROPN
dem-14899	176	177	,	,	PUNCT
dem-14899	176	178	ξ	ξ	PROPN
dem-14899	176	179	estvec	estvec	PROPN
dem-14899	176	180	α	α	X
dem-14899	176	181	,	,	PUNCT
dem-14899	176	182	г	г	PROPN
dem-14899	176	183	,	,	PUNCT
dem-14899	176	184	ξ	ξ	PROPN
dem-14899	176	185	estvec	estvec	VERB
dem-14899	176	186	full	full	ADJ
dem-14899	176	187	1	1	NUM
dem-14899	176	188	m.	m.	NOUN
dem-14899	176	189	0.938	0.938	NUM
dem-14899	176	190	0.954	0.954	NUM
dem-14899	176	191	0.943	0.943	NUM
dem-14899	176	192	0.938	0.938	NUM
dem-14899	176	193	0.963	0.963	NUM
dem-14899	176	194	0.939	0.939	NUM
dem-14899	176	195	0.955	0.955	NUM
dem-14899	176	196	0.969	0.969	NUM
dem-14899	176	197	0.2	0.2	NUM
dem-14899	176	198	0.3	0.3	NUM
dem-14899	176	199	0.2	0.2	NUM
dem-14899	176	200	0.2	0.2	NUM
dem-14899	176	201	0.3	0.3	NUM
dem-14899	176	202	0.2	0.2	NUM
dem-14899	176	203	0.3	0.3	NUM
dem-14899	176	204	0.3	0.3	NUM
dem-14899	176	205	3	3	NUM
dem-14899	176	206	m.	m.	NOUN
dem-14899	176	207	1.062	1.062	NUM
dem-14899	176	208	1.108	1.108	NUM
dem-14899	176	209	1.087	1.087	NUM
dem-14899	176	210	1.062	1.062	NUM
dem-14899	176	211	1.134	1.134	NUM
dem-14899	176	212	1.062	1.062	NUM
dem-14899	176	213	1.102	1.102	NUM
dem-14899	176	214	1.128	1.128	NUM
dem-14899	176	215	0.8	0.8	NUM
dem-14899	176	216	0.9	0.9	NUM
dem-14899	176	217	0.9	0.9	NUM
dem-14899	176	218	0.8	0.8	NUM
dem-14899	176	219	1.0	1.0	NUM
dem-14899	176	220	0.9	0.9	NUM
dem-14899	176	221	0.9	0.9	NUM
dem-14899	176	222	1.0	1.0	NUM
dem-14899	176	223	6	6	NUM
dem-14899	176	224	m.	m.	NOUN
dem-14899	176	225	1.067	1.067	NUM
dem-14899	176	226	1.130	1.130	NUM
dem-14899	176	227	1.136	1.136	NUM
dem-14899	176	228	1.067	1.067	NUM
dem-14899	176	229	1.186	1.186	NUM
dem-14899	176	230	1.134	1.134	NUM
dem-14899	176	231	1.062	1.062	NUM
dem-14899	176	232	1.188	1.188	NUM
dem-14899	176	233	0.8	0.8	NUM
dem-14899	176	234	1.0	1.0	NUM
dem-14899	176	235	1.0	1.0	NUM
dem-14899	176	236	0.8	0.8	NUM
dem-14899	176	237	1.0	1.0	NUM
dem-14899	176	238	1.0	1.0	NUM
dem-14899	176	239	0.9	0.9	NUM
dem-14899	176	240	1.0	1.0	NUM
dem-14899	176	241	12	12	NUM
dem-14899	176	242	m.	m.	NOUN
dem-14899	176	243	1.246	1.246	NUM
dem-14899	176	244	1.175	1.175	NUM
dem-14899	176	245	1.399	1.399	NUM
dem-14899	176	246	1.246	1.246	NUM
dem-14899	176	247	1.300	1.300	NUM
dem-14899	176	248	1.386	1.386	NUM
dem-14899	176	249	1.131	1.131	NUM
dem-14899	176	250	1.337	1.337	NUM
dem-14899	176	251	0.8	0.8	NUM
dem-14899	176	252	1.0	1.0	NUM
dem-14899	176	253	0.9	0.9	NUM
dem-14899	176	254	0.8	0.8	NUM
dem-14899	176	255	1.0	1.0	NUM
dem-14899	176	256	1.0	1.0	NUM
dem-14899	176	257	0.9	0.9	NUM
dem-14899	176	258	1.0	1.0	NUM
dem-14899	176	259	conclusions	conclusion	NOUN
dem-14899	176	260	in	in	ADP
dem-14899	176	261	this	this	DET
dem-14899	176	262	paper	paper	NOUN
dem-14899	176	263	we	we	PRON
dem-14899	176	264	investigated	investigate	VERB
dem-14899	176	265	ppp	ppp	NOUN
dem-14899	176	266	hypothesis	hypothesis	NOUN
dem-14899	176	267	for	for	ADP
dem-14899	176	268	the	the	DET
dem-14899	176	269	polish	polish	ADJ
dem-14899	176	270	zloty	zloty	NOUN
dem-14899	176	271	in	in	ADP
dem-14899	176	272	a	a	DET
dem-14899	176	273	multivariate	multivariate	NOUN
dem-14899	176	274	dynamic	dynamic	ADJ
dem-14899	176	275	econometric	econometric	ADJ
dem-14899	176	276	model	model	NOUN
dem-14899	176	277	.	.	PUNCT
dem-14899	177	1	we	we	PRON
dem-14899	177	2	confront	confront	VERB
dem-14899	177	3	the	the	DET
dem-14899	177	4	explanatory	explanatory	ADJ
dem-14899	177	5	power	power	NOUN
dem-14899	177	6	of	of	ADP
dem-14899	177	7	relatively	relatively	ADV
dem-14899	177	8	broad	broad	ADJ
dem-14899	177	9	class	class	NOUN
dem-14899	177	10	of	of	ADP
dem-14899	177	11	models	model	NOUN
dem-14899	177	12	utilizing	utilize	VERB
dem-14899	177	13	certain	certain	ADJ
dem-14899	177	14	nonlinear	nonlinear	ADJ
dem-14899	177	15	cointegration	cointegration	NOUN
dem-14899	177	16	concepts	concept	NOUN
dem-14899	177	17	.	.	PUNCT
dem-14899	178	1	we	we	PRON
dem-14899	178	2	depart	depart	VERB
dem-14899	178	3	from	from	ADP
dem-14899	178	4	a	a	DET
dem-14899	178	5	simple	simple	ADJ
dem-14899	178	6	vecm	vecm	NOUN
dem-14899	178	7	framework	framework	NOUN
dem-14899	178	8	into	into	ADP
dem-14899	178	9	the	the	DET
dem-14899	178	10	stvecm	stvecm	NOUN
dem-14899	178	11	class	class	NOUN
dem-14899	178	12	and	and	CCONJ
dem-14899	178	13	verify	verify	VERB
dem-14899	178	14	empirical	empirical	ADJ
dem-14899	178	15	importance	importance	NOUN
dem-14899	178	16	of	of	ADP
dem-14899	178	17	generalizations	generalization	NOUN
dem-14899	178	18	(	(	PUNCT
dem-14899	178	19	and	and	CCONJ
dem-14899	178	20	hence	hence	ADV
dem-14899	178	21	the	the	DET
dem-14899	178	22	strength	strength	NOUN
dem-14899	178	23	of	of	ADP
dem-14899	178	24	statistical	statistical	ADJ
dem-14899	178	25	evidence	evidence	NOUN
dem-14899	178	26	in	in	ADP
dem-14899	178	27	favor	favor	NOUN
dem-14899	178	28	of	of	ADP
dem-14899	178	29	ppp	ppp	NOUN
dem-14899	178	30	hypothesis	hypothesis	NOUN
dem-14899	178	31	)	)	PUNCT
dem-14899	178	32	.	.	PUNCT
dem-14899	179	1	the	the	DET
dem-14899	179	2	in	in	ADP
dem-14899	179	3	-	-	PUNCT
dem-14899	179	4	sample	sample	NOUN
dem-14899	179	5	results	result	NOUN
dem-14899	179	6	of	of	ADP
dem-14899	179	7	model	model	NOUN
dem-14899	179	8	comparison	comparison	NOUN
dem-14899	179	9	by	by	ADP
dem-14899	179	10	information	information	NOUN
dem-14899	179	11	criteria	criterion	NOUN
dem-14899	179	12	(	(	PUNCT
dem-14899	179	13	based	base	VERB
dem-14899	179	14	on	on	ADP
dem-14899	179	15	full	full	ADJ
dem-14899	179	16	dataset	dataset	NOUN
dem-14899	179	17	)	)	PUNCT
dem-14899	179	18	deliver	deliver	VERB
dem-14899	179	19	no	no	DET
dem-14899	179	20	clear	clear	ADV
dem-14899	179	21	-	-	PUNCT
dem-14899	179	22	cut	cut	VERB
dem-14899	179	23	conclusions	conclusion	NOUN
dem-14899	179	24	,	,	PUNCT
dem-14899	179	25	though	though	SCONJ
dem-14899	179	26	in	in	ADP
dem-14899	179	27	general	general	ADJ
dem-14899	179	28	the	the	DET
dem-14899	179	29	strongest	strong	ADJ
dem-14899	179	30	support	support	NOUN
dem-14899	179	31	is	be	AUX
dem-14899	179	32	allocated	allocate	VERB
dem-14899	179	33	to	to	ADP
dem-14899	179	34	two	two	NUM
dem-14899	179	35	specifications	specification	NOUN
dem-14899	179	36	:	:	PUNCT
dem-14899	179	37	a	a	DET
dem-14899	179	38	linear	linear	ADJ
dem-14899	179	39	vecm	vecm	NOUN
dem-14899	179	40	model	model	NOUN
dem-14899	179	41	with	with	ADP
dem-14899	179	42	ppp	ppp	NOUN
dem-14899	179	43	restriction	restriction	NOUN
dem-14899	179	44	and	and	CCONJ
dem-14899	179	45	an	an	DET
dem-14899	179	46	unrestricted	unrestricted	ADJ
dem-14899	179	47	estvec	estvec	X
dem-14899	179	48	ξ	ξ	X
dem-14899	179	49	specification	specification	NOUN
dem-14899	179	50	.	.	PUNCT
dem-14899	180	1	for	for	ADP
dem-14899	180	2	a	a	DET
dem-14899	180	3	more	more	ADV
dem-14899	180	4	detailed	detailed	ADJ
dem-14899	180	5	analysis	analysis	NOUN
dem-14899	180	6	we	we	PRON
dem-14899	180	7	consider	consider	VERB
dem-14899	180	8	an	an	DET
dem-14899	180	9	out	out	ADV
dem-14899	180	10	-	-	PUNCT
dem-14899	180	11	of	of	ADP
dem-14899	180	12	-	-	PUNCT
dem-14899	180	13	sample	sample	NOUN
dem-14899	180	14	expandingwindow	expandingwindow	NOUN
dem-14899	180	15	recursive	recursive	ADJ
dem-14899	180	16	forecasting	forecasting	NOUN
dem-14899	180	17	experiment	experiment	NOUN
dem-14899	180	18	with	with	ADP
dem-14899	180	19	two	two	NUM
dem-14899	180	20	verification	verification	NOUN
dem-14899	180	21	windows	window	NOUN
dem-14899	180	22	,	,	PUNCT
dem-14899	180	23	one	one	NUM
dem-14899	180	24	for	for	ADP
dem-14899	180	25	the	the	DET
dem-14899	180	26	period	period	NOUN
dem-14899	180	27	2006–2011	2006–2011	NUM
dem-14899	180	28	and	and	CCONJ
dem-14899	180	29	one	one	NUM
dem-14899	180	30	for	for	ADP
dem-14899	180	31	2011–2016	2011–2016	NUM
dem-14899	180	32	.	.	PUNCT
dem-14899	181	1	the	the	DET
dem-14899	181	2	results	result	NOUN
dem-14899	181	3	are	be	AUX
dem-14899	181	4	the	the	DET
dem-14899	181	5	following	following	NOUN
dem-14899	181	6	:	:	PUNCT
dem-14899	181	7	in	in	ADP
dem-14899	181	8	short	short	ADJ
dem-14899	181	9	forecast	forecast	NOUN
dem-14899	181	10	horizons	horizon	NOUN
dem-14899	181	11	(	(	PUNCT
dem-14899	181	12	1–3	1–3	NUM
dem-14899	181	13	months	month	NOUN
dem-14899	181	14	ahead	ahead	ADV
dem-14899	181	15	)	)	PUNCT
dem-14899	181	16	,	,	PUNCT
dem-14899	181	17	the	the	DET
dem-14899	181	18	imposition	imposition	NOUN
dem-14899	181	19	of	of	ADP
dem-14899	181	20	forecasting	forecast	VERB
dem-14899	181	21	eur	eur	PROPN
dem-14899	181	22	/	/	SYM
dem-14899	181	23	pln	pln	PROPN
dem-14899	181	24	exchange	exchange	PROPN
dem-14899	181	25	rate	rate	NOUN
dem-14899	181	26	:	:	PUNCT
dem-14899	181	27	the	the	DET
dem-14899	181	28	role	role	NOUN
dem-14899	181	29	of	of	ADP
dem-14899	181	30	purchasing	purchase	VERB
dem-14899	181	31	power	power	NOUN
dem-14899	181	32	parity	parity	NOUN
dem-14899	181	33	…	…	SYM
dem-14899	181	34	dynamic	dynamic	ADJ
dem-14899	181	35	econometric	econometric	ADJ
dem-14899	181	36	models	model	NOUN
dem-14899	181	37	17	17	NUM
dem-14899	181	38	(	(	PUNCT
dem-14899	181	39	2017	2017	NUM
dem-14899	181	40	)	)	PUNCT
dem-14899	181	41	97–114	97–114	NUM
dem-14899	181	42	111	111	NUM
dem-14899	181	43	ppp	ppp	NOUN
dem-14899	181	44	improves	improve	VERB
dem-14899	181	45	the	the	DET
dem-14899	181	46	forecasting	forecasting	NOUN
dem-14899	181	47	performance	performance	NOUN
dem-14899	181	48	across	across	ADP
dem-14899	181	49	all	all	DET
dem-14899	181	50	the	the	DET
dem-14899	181	51	specifications	specification	NOUN
dem-14899	181	52	and	and	CCONJ
dem-14899	181	53	verification	verification	NOUN
dem-14899	181	54	windows	window	NOUN
dem-14899	181	55	under	under	ADP
dem-14899	181	56	consideration	consideration	NOUN
dem-14899	181	57	.	.	PUNCT
dem-14899	182	1	the	the	DET
dem-14899	182	2	winning	win	VERB
dem-14899	182	3	specification	specification	NOUN
dem-14899	182	4	is	be	AUX
dem-14899	182	5	a	a	DET
dem-14899	182	6	linear	linear	PROPN
dem-14899	182	7	vec	vec	PROPN
dem-14899	182	8	model	model	NOUN
dem-14899	182	9	(	(	PUNCT
dem-14899	182	10	with	with	ADP
dem-14899	182	11	ppp	ppp	NOUN
dem-14899	182	12	)	)	PUNCT
dem-14899	182	13	.	.	PUNCT
dem-14899	183	1	however	however	ADV
dem-14899	183	2	,	,	PUNCT
dem-14899	183	3	for	for	ADP
dem-14899	183	4	longer	long	ADV
dem-14899	183	5	forecasting	forecast	VERB
dem-14899	183	6	horizons	horizon	NOUN
dem-14899	183	7	(	(	PUNCT
dem-14899	183	8	6–12	6–12	NOUN
dem-14899	183	9	months	month	NOUN
dem-14899	183	10	-	-	PUNCT
dem-14899	183	11	ahead	ahead	ADV
dem-14899	183	12	)	)	PUNCT
dem-14899	183	13	,	,	PUNCT
dem-14899	183	14	the	the	DET
dem-14899	183	15	results	result	NOUN
dem-14899	183	16	are	be	AUX
dem-14899	183	17	more	more	ADV
dem-14899	183	18	complicated	complicated	ADJ
dem-14899	183	19	.	.	PUNCT
dem-14899	184	1	in	in	ADP
dem-14899	184	2	general	general	ADJ
dem-14899	184	3	,	,	PUNCT
dem-14899	184	4	estvecm	estvecm	VERB
dem-14899	184	5	specifications	specification	NOUN
dem-14899	184	6	involving	involve	VERB
dem-14899	184	7	smooth	smooth	ADJ
dem-14899	184	8	transition	transition	NOUN
dem-14899	184	9	mechanism	mechanism	NOUN
dem-14899	184	10	for	for	ADP
dem-14899	184	11	the	the	DET
dem-14899	184	12	ξ	ξ	PROPN
dem-14899	184	13	parameters	parameter	NOUN
dem-14899	184	14	provide	provide	VERB
dem-14899	184	15	the	the	DET
dem-14899	184	16	best	good	ADJ
dem-14899	184	17	performance	performance	NOUN
dem-14899	184	18	.	.	PUNCT
dem-14899	185	1	there	there	PRON
dem-14899	185	2	are	be	VERB
dem-14899	185	3	though	though	ADV
dem-14899	185	4	important	important	ADJ
dem-14899	185	5	differences	difference	NOUN
dem-14899	185	6	between	between	ADP
dem-14899	185	7	the	the	DET
dem-14899	185	8	two	two	NUM
dem-14899	185	9	verification	verification	NOUN
dem-14899	185	10	periods	period	NOUN
dem-14899	185	11	.	.	PUNCT
dem-14899	186	1	in	in	ADP
dem-14899	186	2	the	the	DET
dem-14899	186	3	first	first	ADJ
dem-14899	186	4	period	period	NOUN
dem-14899	186	5	,	,	PUNCT
dem-14899	186	6	the	the	DET
dem-14899	186	7	estvecm	estvecm	PROPN
dem-14899	186	8	-	-	PUNCT
dem-14899	186	9	ξ	ξ	PROPN
dem-14899	186	10	model	model	NOUN
dem-14899	186	11	with	with	ADP
dem-14899	186	12	ppp	ppp	PROPN
dem-14899	186	13	imposed	impose	VERB
dem-14899	186	14	is	be	AUX
dem-14899	186	15	an	an	DET
dem-14899	186	16	overall	overall	ADJ
dem-14899	186	17	winner	winner	NOUN
dem-14899	186	18	for	for	ADP
dem-14899	186	19	the	the	DET
dem-14899	186	20	12	12	NUM
dem-14899	186	21	-	-	PUNCT
dem-14899	186	22	months	month	NOUN
dem-14899	186	23	ahead	ahead	ADV
dem-14899	186	24	forecasts	forecast	NOUN
dem-14899	186	25	,	,	PUNCT
dem-14899	186	26	although	although	SCONJ
dem-14899	186	27	some	some	DET
dem-14899	186	28	other	other	ADJ
dem-14899	186	29	models	model	NOUN
dem-14899	186	30	involving	involve	VERB
dem-14899	186	31	smooth	smooth	ADJ
dem-14899	186	32	transition	transition	NOUN
dem-14899	186	33	for	for	ADP
dem-14899	186	34	ξ	ξ	PROPN
dem-14899	186	35	(	(	PUNCT
dem-14899	186	36	with	with	ADP
dem-14899	186	37	or	or	CCONJ
dem-14899	186	38	without	without	ADP
dem-14899	186	39	ppp	ppp	NOUN
dem-14899	186	40	)	)	PUNCT
dem-14899	186	41	also	also	ADV
dem-14899	186	42	offer	offer	VERB
dem-14899	186	43	similar	similar	ADJ
dem-14899	186	44	performance	performance	NOUN
dem-14899	186	45	.	.	PUNCT
dem-14899	187	1	in	in	ADP
dem-14899	187	2	the	the	DET
dem-14899	187	3	second	second	ADJ
dem-14899	187	4	period	period	NOUN
dem-14899	187	5	,	,	PUNCT
dem-14899	187	6	the	the	DET
dem-14899	187	7	imposition	imposition	NOUN
dem-14899	187	8	of	of	ADP
dem-14899	187	9	ppp	ppp	PROPN
dem-14899	187	10	restrictions	restriction	NOUN
dem-14899	187	11	results	result	VERB
dem-14899	187	12	in	in	ADP
dem-14899	187	13	a	a	DET
dem-14899	187	14	drop	drop	NOUN
dem-14899	187	15	in	in	ADP
dem-14899	187	16	longhorizon	longhorizon	NOUN
dem-14899	187	17	forecasting	forecasting	NOUN
dem-14899	187	18	performance	performance	NOUN
dem-14899	187	19	of	of	ADP
dem-14899	187	20	the	the	DET
dem-14899	187	21	models	model	NOUN
dem-14899	187	22	mentioned	mention	VERB
dem-14899	187	23	above	above	ADV
dem-14899	187	24	.	.	PUNCT
dem-14899	188	1	in	in	ADP
dem-14899	188	2	general	general	ADJ
dem-14899	188	3	,	,	PUNCT
dem-14899	188	4	all	all	DET
dem-14899	188	5	the	the	DET
dem-14899	188	6	winning	win	VERB
dem-14899	188	7	specifications	specification	NOUN
dem-14899	188	8	mentioned	mention	VERB
dem-14899	188	9	above	above	ADP
dem-14899	188	10	outperform	outperform	VERB
dem-14899	188	11	simple	simple	ADJ
dem-14899	188	12	rw	rw	NOUN
dem-14899	188	13	-	-	PUNCT
dem-14899	188	14	type	type	NOUN
dem-14899	188	15	forecasts	forecast	NOUN
dem-14899	188	16	.	.	PUNCT
dem-14899	189	1	hence	hence	ADV
dem-14899	189	2	,	,	PUNCT
dem-14899	189	3	our	our	PRON
dem-14899	189	4	main	main	ADJ
dem-14899	189	5	results	result	NOUN
dem-14899	189	6	are	be	AUX
dem-14899	189	7	the	the	DET
dem-14899	189	8	following	following	NOUN
dem-14899	189	9	.	.	PUNCT
dem-14899	190	1	on	on	ADP
dem-14899	190	2	the	the	DET
dem-14899	190	3	one	one	NUM
dem-14899	190	4	hand	hand	NOUN
dem-14899	190	5	,	,	PUNCT
dem-14899	190	6	for	for	ADP
dem-14899	190	7	the	the	DET
dem-14899	190	8	short	short	ADJ
dem-14899	190	9	-	-	PUNCT
dem-14899	190	10	term	term	NOUN
dem-14899	190	11	prediction	prediction	NOUN
dem-14899	190	12	,	,	PUNCT
dem-14899	190	13	a	a	DET
dem-14899	190	14	linear	linear	ADJ
dem-14899	190	15	vecm	vecm	NOUN
dem-14899	190	16	with	with	ADP
dem-14899	190	17	ppp	ppp	PROPN
dem-14899	190	18	seems	seem	VERB
dem-14899	190	19	to	to	PART
dem-14899	190	20	be	be	AUX
dem-14899	190	21	a	a	DET
dem-14899	190	22	preferable	preferable	ADJ
dem-14899	190	23	tool	tool	NOUN
dem-14899	190	24	.	.	PUNCT
dem-14899	191	1	on	on	ADP
dem-14899	191	2	the	the	DET
dem-14899	191	3	other	other	ADJ
dem-14899	191	4	hand	hand	NOUN
dem-14899	191	5	,	,	PUNCT
dem-14899	191	6	as	as	ADP
dem-14899	191	7	longer	long	ADJ
dem-14899	191	8	horizons	horizon	NOUN
dem-14899	191	9	are	be	AUX
dem-14899	191	10	involved	involve	VERB
dem-14899	191	11	,	,	PUNCT
dem-14899	191	12	the	the	DET
dem-14899	191	13	need	need	NOUN
dem-14899	191	14	for	for	ADP
dem-14899	191	15	nonlinear	nonlinear	ADJ
dem-14899	191	16	dynamics	dynamic	NOUN
dem-14899	191	17	(	(	PUNCT
dem-14899	191	18	as	as	ADP
dem-14899	191	19	in	in	ADP
dem-14899	191	20	estvecm	estvecm	PROPN
dem-14899	191	21	-	-	PUNCT
dem-14899	191	22	ξ	ξ	NOUN
dem-14899	191	23	)	)	PUNCT
dem-14899	191	24	becomes	become	VERB
dem-14899	191	25	more	more	ADV
dem-14899	191	26	evident	evident	ADJ
dem-14899	191	27	.	.	PUNCT
dem-14899	192	1	as	as	ADP
dem-14899	192	2	to	to	ADP
dem-14899	192	3	the	the	DET
dem-14899	192	4	validity	validity	NOUN
dem-14899	192	5	of	of	ADP
dem-14899	192	6	ppp	ppp	NOUN
dem-14899	192	7	,	,	PUNCT
dem-14899	192	8	the	the	DET
dem-14899	192	9	empirical	empirical	ADJ
dem-14899	192	10	support	support	NOUN
dem-14899	192	11	(	(	PUNCT
dem-14899	192	12	based	base	VERB
dem-14899	192	13	on	on	ADP
dem-14899	192	14	long	long	ADJ
dem-14899	192	15	-	-	PUNCT
dem-14899	192	16	horizon	horizon	NOUN
dem-14899	192	17	performance	performance	NOUN
dem-14899	192	18	)	)	PUNCT
dem-14899	192	19	is	be	AUX
dem-14899	192	20	however	however	ADV
dem-14899	192	21	time	time	NOUN
dem-14899	192	22	-	-	PUNCT
dem-14899	192	23	inhomogeneous	inhomogeneous	ADJ
dem-14899	192	24	–	–	PUNCT
dem-14899	192	25	it	it	PRON
dem-14899	192	26	seems	seem	VERB
dem-14899	192	27	that	that	SCONJ
dem-14899	192	28	more	more	ADV
dem-14899	192	29	recent	recent	ADJ
dem-14899	192	30	observations	observation	NOUN
dem-14899	192	31	provide	provide	VERB
dem-14899	192	32	evidence	evidence	NOUN
dem-14899	192	33	against	against	ADP
dem-14899	192	34	the	the	DET
dem-14899	192	35	ppp	ppp	NOUN
dem-14899	192	36	restrictions	restriction	NOUN
dem-14899	192	37	of	of	ADP
dem-14899	192	38	the	the	DET
dem-14899	192	39	form	form	NOUN
dem-14899	192	40	considered	consider	VERB
dem-14899	192	41	here	here	ADV
dem-14899	192	42	.	.	PUNCT
dem-14899	193	1	references	reference	NOUN
dem-14899	193	2	arize	arize	VERB
dem-14899	193	3	,	,	PUNCT
dem-14899	193	4	a.	a.	PROPN
dem-14899	193	5	c.	c.	PROPN
dem-14899	193	6	,	,	PUNCT
dem-14899	193	7	malindretos	malindretos	ADV
dem-14899	193	8	,	,	PUNCT
dem-14899	193	9	j.	j.	PROPN
dem-14899	193	10	,	,	PUNCT
dem-14899	193	11	ghosh	ghosh	PROPN
dem-14899	193	12	,	,	PUNCT
dem-14899	193	13	d.	d.	PROPN
dem-14899	193	14	(	(	PUNCT
dem-14899	193	15	2015	2015	NUM
dem-14899	193	16	)	)	PUNCT
dem-14899	193	17	,	,	PUNCT
dem-14899	193	18	purchasing	purchase	VERB
dem-14899	193	19	power	power	NOUN
dem-14899	193	20	parity	parity	NOUN
dem-14899	193	21	-	-	PUNCT
dem-14899	193	22	symmetry	symmetry	NOUN
dem-14899	193	23	and	and	CCONJ
dem-14899	193	24	proportionality	proportionality	NOUN
dem-14899	193	25	:	:	PUNCT
dem-14899	193	26	evidence	evidence	NOUN
dem-14899	193	27	from	from	ADP
dem-14899	193	28	116	116	NUM
dem-14899	193	29	countries	country	NOUN
dem-14899	193	30	,	,	PUNCT
dem-14899	193	31	international	international	ADJ
dem-14899	193	32	review	review	NOUN
dem-14899	193	33	of	of	ADP
dem-14899	193	34	economics	economics	PROPN
dem-14899	193	35	&	&	CCONJ
dem-14899	193	36	finance	finance	PROPN
dem-14899	193	37	,	,	PUNCT
dem-14899	193	38	37	37	NUM
dem-14899	193	39	,	,	PUNCT
dem-14899	193	40	69–85	69–85	NUM
dem-14899	193	41	,	,	PUNCT
dem-14899	193	42	doi	doi	NOUN
dem-14899	193	43	:	:	PUNCT
dem-14899	193	44	http://dx.doi.org/10.1016/j.iref.2014.11.014	http://dx.doi.org/10.1016/j.iref.2014.11.014	PROPN
dem-14899	193	45	.	.	PUNCT
dem-14899	193	46	arize	arize	NOUN
dem-14899	193	47	,	,	PUNCT
dem-14899	193	48	a.	a.	PROPN
dem-14899	193	49	c.	c.	PROPN
dem-14899	193	50	,	,	PUNCT
dem-14899	193	51	malindretos	malindretos	ADV
dem-14899	193	52	,	,	PUNCT
dem-14899	193	53	j.	j.	PROPN
dem-14899	193	54	,	,	PUNCT
dem-14899	193	55	nippani	nippani	PROPN
dem-14899	193	56	,	,	PUNCT
dem-14899	193	57	s.	s.	PROPN
dem-14899	193	58	(	(	PUNCT
dem-14899	193	59	2004	2004	NUM
dem-14899	193	60	)	)	PUNCT
dem-14899	193	61	,	,	PUNCT
dem-14899	193	62	variations	variation	NOUN
dem-14899	193	63	in	in	ADP
dem-14899	193	64	exchange	exchange	NOUN
dem-14899	193	65	rates	rate	NOUN
dem-14899	193	66	and	and	CCONJ
dem-14899	193	67	inflation	inflation	NOUN
dem-14899	193	68	in	in	ADP
dem-14899	193	69	82	82	NUM
dem-14899	193	70	countries	country	NOUN
dem-14899	193	71	:	:	PUNCT
dem-14899	193	72	an	an	DET
dem-14899	193	73	empirical	empirical	ADJ
dem-14899	193	74	investigation	investigation	NOUN
dem-14899	193	75	,	,	PUNCT
dem-14899	193	76	the	the	DET
dem-14899	193	77	north	north	ADJ
dem-14899	193	78	american	american	ADJ
dem-14899	193	79	journal	journal	PROPN
dem-14899	193	80	of	of	ADP
dem-14899	193	81	economics	economic	NOUN
dem-14899	193	82	and	and	CCONJ
dem-14899	193	83	finance	finance	NOUN
dem-14899	193	84	,	,	PUNCT
dem-14899	193	85	15(2	15(2	NUM
dem-14899	193	86	)	)	PUNCT
dem-14899	193	87	,	,	PUNCT
dem-14899	193	88	227–247	227–247	NUM
dem-14899	193	89	,	,	PUNCT
dem-14899	193	90	doi	doi	NOUN
dem-14899	193	91	:	:	PUNCT
dem-14899	193	92	http://dx.doi.org/10.1016/j.najef.2003.12.002	http://dx.doi.org/10.1016/j.najef.2003.12.002	PROPN
dem-14899	193	93	.	.	PUNCT
dem-14899	193	94	bęza	bęza	PROPN
dem-14899	193	95	-	-	PUNCT
dem-14899	193	96	bojanowska	bojanowska	NOUN
dem-14899	193	97	,	,	PUNCT
dem-14899	193	98	j.	j.	PROPN
dem-14899	193	99	,	,	PUNCT
dem-14899	193	100	macdonald	macdonald	PROPN
dem-14899	193	101	m.	m.	PROPN
dem-14899	193	102	r.	r.	PROPN
dem-14899	193	103	(	(	PUNCT
dem-14899	193	104	2009	2009	NUM
dem-14899	193	105	)	)	PUNCT
dem-14899	193	106	,	,	PUNCT
dem-14899	193	107	the	the	DET
dem-14899	193	108	behavioral	behavioral	ADJ
dem-14899	193	109	zloty	zloty	ADJ
dem-14899	193	110	/	/	SYM
dem-14899	193	111	euro	euro	NOUN
dem-14899	193	112	equilibrium	equilibrium	NOUN
dem-14899	193	113	exchange	exchange	NOUN
dem-14899	193	114	rate	rate	NOUN
dem-14899	193	115	,	,	PUNCT
dem-14899	193	116	nbp	nbp	PROPN
dem-14899	193	117	working	working	PROPN
dem-14899	193	118	papers	paper	NOUN
dem-14899	193	119	55	55	NUM
dem-14899	193	120	http://www.nbp.pl/publikacje/materialyistudia/55en.pdf	http://www.nbp.pl/publikacje/materialyistudia/55en.pdf	NOUN
dem-14899	193	121	.	.	PUNCT
dem-14899	194	1	cassel	cassel	PROPN
dem-14899	194	2	,	,	PUNCT
dem-14899	194	3	g.	g.	PROPN
dem-14899	194	4	(	(	PUNCT
dem-14899	194	5	1918	1918	NUM
dem-14899	194	6	)	)	PUNCT
dem-14899	194	7	,	,	PUNCT
dem-14899	194	8	abnormal	abnormal	ADJ
dem-14899	194	9	deviations	deviation	NOUN
dem-14899	194	10	of	of	ADP
dem-14899	194	11	international	international	ADJ
dem-14899	194	12	exchanges	exchange	NOUN
dem-14899	194	13	,	,	PUNCT
dem-14899	194	14	economic	economic	ADJ
dem-14899	194	15	journal	journal	NOUN
dem-14899	194	16	,	,	PUNCT
dem-14899	194	17	28	28	NUM
dem-14899	194	18	,	,	PUNCT
dem-14899	194	19	413–415	413–415	NUM
dem-14899	194	20	,	,	PUNCT
dem-14899	194	21	doi	doi	NOUN
dem-14899	194	22	:	:	PUNCT
dem-14899	194	23	http://dx.doi.org/10.2307/2223329	http://dx.doi.org/10.2307/2223329	PROPN
dem-14899	194	24	.	.	PUNCT
dem-14899	195	1	ca	can	AUX
dem-14899	195	2	'	'	PART
dem-14899	195	3	zorzi	zorzi	NOUN
dem-14899	195	4	,	,	PUNCT
dem-14899	195	5	m.	m.	NOUN
dem-14899	195	6	,	,	PUNCT
dem-14899	195	7	muck	muck	NOUN
dem-14899	195	8	,	,	PUNCT
dem-14899	195	9	j.	j.	PROPN
dem-14899	195	10	,	,	PUNCT
dem-14899	195	11	rubaszek	rubaszek	NOUN
dem-14899	195	12	,	,	PUNCT
dem-14899	195	13	m.	m.	NOUN
dem-14899	195	14	(	(	PUNCT
dem-14899	195	15	2016	2016	NUM
dem-14899	195	16	)	)	PUNCT
dem-14899	195	17	.	.	PUNCT
dem-14899	196	1	real	real	ADJ
dem-14899	196	2	exchange	exchange	NOUN
dem-14899	196	3	rate	rate	NOUN
dem-14899	196	4	forecasting	forecasting	NOUN
dem-14899	196	5	and	and	CCONJ
dem-14899	196	6	ppp	ppp	PROPN
dem-14899	196	7	:	:	PUNCT
dem-14899	196	8	this	this	DET
dem-14899	196	9	time	time	NOUN
dem-14899	196	10	the	the	DET
dem-14899	196	11	random	random	ADJ
dem-14899	196	12	walk	walk	NOUN
dem-14899	196	13	loses	lose	VERB
dem-14899	196	14	.	.	PUNCT
dem-14899	197	1	open	open	ADJ
dem-14899	197	2	economies	economy	NOUN
dem-14899	197	3	review	review	VERB
dem-14899	197	4	.	.	PUNCT
dem-14899	198	1	27	27	NUM
dem-14899	198	2	.	.	PUNCT
dem-14899	199	1	1–25	1–25	X
dem-14899	199	2	.	.	PUNCT
dem-14899	200	1	doi	doi	NOUN
dem-14899	200	2	:	:	PUNCT
dem-14899	200	3	http://dx.doi.org/10.1007/s11079-015-9386-4	http://dx.doi.org/10.1007/s11079-015-9386-4	PROPN
dem-14899	200	4	.	.	PUNCT
dem-14899	201	1	ca’zorzi	ca’zorzi	NOUN
dem-14899	201	2	,	,	PUNCT
dem-14899	201	3	m.	m.	NOUN
dem-14899	201	4	,	,	PUNCT
dem-14899	201	5	kolasa	kolasa	PROPN
dem-14899	201	6	,	,	PUNCT
dem-14899	201	7	m.	m.	NOUN
dem-14899	201	8	,	,	PUNCT
dem-14899	201	9	&	&	CCONJ
dem-14899	201	10	rubaszek	rubaszek	NOUN
dem-14899	201	11	,	,	PUNCT
dem-14899	201	12	m.	m.	NOUN
dem-14899	201	13	(	(	PUNCT
dem-14899	201	14	2017	2017	NUM
dem-14899	201	15	)	)	PUNCT
dem-14899	201	16	,	,	PUNCT
dem-14899	201	17	exchange	exchange	NOUN
dem-14899	201	18	rate	rate	NOUN
dem-14899	201	19	forecasting	forecasting	NOUN
dem-14899	201	20	with	with	ADP
dem-14899	201	21	dsge	dsge	NOUN
dem-14899	201	22	models	model	NOUN
dem-14899	201	23	,	,	PUNCT
dem-14899	201	24	journal	journal	NOUN
dem-14899	201	25	of	of	ADP
dem-14899	201	26	international	international	ADJ
dem-14899	201	27	economics	economic	NOUN
dem-14899	201	28	,	,	PUNCT
dem-14899	201	29	107	107	NUM
dem-14899	201	30	,	,	PUNCT
dem-14899	201	31	127–146	127–146	NUM
dem-14899	201	32	,	,	PUNCT
dem-14899	201	33	doi	doi	NOUN
dem-14899	201	34	:	:	PUNCT
dem-14899	201	35	http://dx.doi.org/10.1016/j.jinteco.2017.03.011	http://dx.doi.org/10.1016/j.jinteco.2017.03.011	PROPN
dem-14899	201	36	.	.	PUNCT
dem-14899	202	1	chang	chang	PROPN
dem-14899	202	2	,	,	PUNCT
dem-14899	202	3	t.	t.	PROPN
dem-14899	202	4	,	,	PUNCT
dem-14899	202	5	tang	tang	PROPN
dem-14899	202	6	,	,	PUNCT
dem-14899	202	7	d.-p	d.-p	PROPN
dem-14899	202	8	.	.	PROPN
dem-14899	202	9	,	,	PUNCT
dem-14899	202	10	liu	liu	PROPN
dem-14899	202	11	,	,	PUNCT
dem-14899	202	12	w.-c	w.-c	PROPN
dem-14899	202	13	.	.	PUNCT
dem-14899	202	14	,	,	PUNCT
dem-14899	202	15	lee	lee	PROPN
dem-14899	202	16	,	,	PUNCT
dem-14899	202	17	c.-h	c.-h	PROPN
dem-14899	202	18	.	.	PUNCT
dem-14899	203	1	(	(	PUNCT
dem-14899	203	2	2010	2010	NUM
dem-14899	203	3	)	)	PUNCT
dem-14899	203	4	,	,	PUNCT
dem-14899	203	5	purchasing	purchase	VERB
dem-14899	203	6	power	power	NOUN
dem-14899	203	7	parity	parity	NOUN
dem-14899	203	8	for	for	ADP
dem-14899	203	9	15	15	NUM
dem-14899	203	10	comesa	comesa	ADJ
dem-14899	203	11	and	and	CCONJ
dem-14899	203	12	sadc	sadc	PROPN
dem-14899	203	13	countries	country	NOUN
dem-14899	203	14	:	:	PUNCT
dem-14899	203	15	evidence	evidence	NOUN
dem-14899	203	16	based	base	VERB
dem-14899	203	17	on	on	ADP
dem-14899	203	18	panel	panel	NOUN
dem-14899	203	19	suradf	suradf	NOUN
dem-14899	203	20	tests	test	NOUN
dem-14899	203	21	,	,	PUNCT
dem-14899	203	22	applied	apply	VERB
dem-14899	203	23	economics	economic	NOUN
dem-14899	203	24	letters	letter	NOUN
dem-14899	203	25	,	,	PUNCT
dem-14899	203	26	17(17	17(17	NUM
dem-14899	203	27	)	)	PUNCT
dem-14899	203	28	,	,	PUNCT
dem-14899	203	29	1721–1727	1721–1727	NUM
dem-14899	203	30	,	,	PUNCT
dem-14899	203	31	http://www.nbp.pl/publikacje/materialyistudia/55en.pdf	http://www.nbp.pl/publikacje/materialyistudia/55en.pdf	PROPN
dem-14899	203	32	http://dx.doi.org/10.2307/2223329	http://dx.doi.org/10.2307/2223329	PROPN
dem-14899	203	33	adrian	adrian	PROPN
dem-14899	203	34	burda	burda	PROPN
dem-14899	203	35	,	,	PUNCT
dem-14899	203	36	błażej	błażej	PROPN
dem-14899	203	37	mazur	mazur	NOUN
dem-14899	203	38	,	,	PUNCT
dem-14899	203	39	mateusz	mateusz	PROPN
dem-14899	203	40	pipień	pipień	NOUN
dem-14899	203	41	dynamic	dynamic	ADJ
dem-14899	203	42	econometric	econometric	ADJ
dem-14899	203	43	models	model	NOUN
dem-14899	203	44	17	17	NUM
dem-14899	203	45	(	(	PUNCT
dem-14899	203	46	2017	2017	NUM
dem-14899	203	47	)	)	PUNCT
dem-14899	203	48	97–114	97–114	NUM
dem-14899	203	49	112	112	NUM
dem-14899	203	50	doi	doi	NOUN
dem-14899	203	51	:	:	PUNCT
dem-14899	203	52	http://dx.doi.org/10.1080/13504850903153775	http://dx.doi.org/10.1080/13504850903153775	NOUN
dem-14899	203	53	.	.	PUNCT
dem-14899	204	1	diebold	diebold	PROPN
dem-14899	204	2	,	,	PUNCT
dem-14899	204	3	f.	f.	PROPN
dem-14899	204	4	x.	x.	PROPN
dem-14899	204	5	,	,	PUNCT
dem-14899	204	6	mariano	mariano	PROPN
dem-14899	204	7	,	,	PUNCT
dem-14899	204	8	r.	r.	PROPN
dem-14899	204	9	s.	s.	PROPN
dem-14899	204	10	(	(	PUNCT
dem-14899	204	11	1995	1995	NUM
dem-14899	204	12	)	)	PUNCT
dem-14899	204	13	,	,	PUNCT
dem-14899	204	14	comparing	compare	VERB
dem-14899	204	15	predictive	predictive	ADJ
dem-14899	204	16	accuracy	accuracy	NOUN
dem-14899	204	17	,	,	PUNCT
dem-14899	204	18	journal	journal	NOUN
dem-14899	204	19	of	of	ADP
dem-14899	204	20	business	business	PROPN
dem-14899	204	21	&	&	CCONJ
dem-14899	204	22	economic	economic	ADJ
dem-14899	204	23	statistics	statistic	NOUN
dem-14899	204	24	,	,	PUNCT
dem-14899	204	25	13(3	13(3	NUM
dem-14899	204	26	)	)	PUNCT
dem-14899	204	27	,	,	PUNCT
dem-14899	204	28	253	253	NUM
dem-14899	204	29	,	,	PUNCT
dem-14899	204	30	doi	doi	NOUN
dem-14899	204	31	:	:	PUNCT
dem-14899	204	32	http://dx.doi.org/10.2307/1392185	http://dx.doi.org/10.2307/1392185	NOUN
dem-14899	204	33	.	.	PUNCT
dem-14899	205	1	dornbusch	dornbusch	PROPN
dem-14899	205	2	,	,	PUNCT
dem-14899	205	3	r.	r.	PROPN
dem-14899	205	4	(	(	PUNCT
dem-14899	205	5	1976	1976	NUM
dem-14899	205	6	)	)	PUNCT
dem-14899	205	7	,	,	PUNCT
dem-14899	205	8	expectations	expectation	NOUN
dem-14899	205	9	and	and	CCONJ
dem-14899	205	10	exchange	exchange	NOUN
dem-14899	205	11	rate	rate	NOUN
dem-14899	205	12	dynamics	dynamic	NOUN
dem-14899	205	13	,	,	PUNCT
dem-14899	205	14	journal	journal	NOUN
dem-14899	205	15	of	of	ADP
dem-14899	205	16	political	political	ADJ
dem-14899	205	17	economy	economy	NOUN
dem-14899	205	18	,	,	PUNCT
dem-14899	205	19	84(6	84(6	NOUN
dem-14899	205	20	)	)	PUNCT
dem-14899	205	21	,	,	PUNCT
dem-14899	205	22	1161–1176	1161–1176	NUM
dem-14899	205	23	,	,	PUNCT
dem-14899	205	24	doi	doi	PROPN
dem-14899	205	25	:	:	PUNCT
dem-14899	205	26	http://dx.doi.org/10.1086/260506	http://dx.doi.org/10.1086/260506	NOUN
dem-14899	205	27	.	.	PUNCT
dem-14899	206	1	dumas	dumas	PROPN
dem-14899	206	2	,	,	PUNCT
dem-14899	206	3	b.	b.	PROPN
dem-14899	206	4	(	(	PUNCT
dem-14899	206	5	1992	1992	NUM
dem-14899	206	6	)	)	PUNCT
dem-14899	206	7	,	,	PUNCT
dem-14899	206	8	dynamic	dynamic	ADJ
dem-14899	206	9	equilibrium	equilibrium	NOUN
dem-14899	206	10	and	and	CCONJ
dem-14899	206	11	the	the	DET
dem-14899	206	12	real	real	ADJ
dem-14899	206	13	exchange	exchange	NOUN
dem-14899	206	14	rate	rate	NOUN
dem-14899	206	15	in	in	ADP
dem-14899	206	16	a	a	DET
dem-14899	206	17	spatially	spatially	ADV
dem-14899	206	18	separated	separate	VERB
dem-14899	206	19	world	world	NOUN
dem-14899	206	20	,	,	PUNCT
dem-14899	206	21	review	review	NOUN
dem-14899	206	22	of	of	ADP
dem-14899	206	23	financial	financial	ADJ
dem-14899	206	24	studies	study	NOUN
dem-14899	206	25	,	,	PUNCT
dem-14899	206	26	5(2	5(2	NUM
dem-14899	206	27	)	)	PUNCT
dem-14899	206	28	,	,	PUNCT
dem-14899	206	29	153–180	153–180	NUM
dem-14899	206	30	,	,	PUNCT
dem-14899	206	31	doi	doi	NOUN
dem-14899	206	32	:	:	PUNCT
dem-14899	206	33	http://dx.doi.org/10.1093/rfs/5.2.153	http://dx.doi.org/10.1093/rfs/5.2.153	NOUN
dem-14899	206	34	.	.	PUNCT
dem-14899	207	1	emirmahmutoglu	emirmahmutoglu	PROPN
dem-14899	207	2	,	,	PUNCT
dem-14899	207	3	f.	f.	PROPN
dem-14899	207	4	,	,	PUNCT
dem-14899	207	5	omay	omay	PROPN
dem-14899	207	6	,	,	PUNCT
dem-14899	207	7	t.	t.	PROPN
dem-14899	207	8	(	(	PUNCT
dem-14899	207	9	2014	2014	NUM
dem-14899	207	10	)	)	PUNCT
dem-14899	207	11	,	,	PUNCT
dem-14899	207	12	reexamining	reexamine	VERB
dem-14899	207	13	the	the	DET
dem-14899	207	14	ppp	ppp	NOUN
dem-14899	207	15	hypothesis	hypothesis	NOUN
dem-14899	207	16	:	:	PUNCT
dem-14899	207	17	a	a	DET
dem-14899	207	18	nonlinear	nonlinear	ADJ
dem-14899	207	19	asymmetric	asymmetric	ADJ
dem-14899	207	20	heterogeneous	heterogeneous	ADJ
dem-14899	207	21	panel	panel	NOUN
dem-14899	207	22	unit	unit	NOUN
dem-14899	207	23	root	root	PROPN
dem-14899	207	24	test	test	NOUN
dem-14899	207	25	,	,	PUNCT
dem-14899	207	26	economic	economic	ADJ
dem-14899	207	27	modelling	modelling	NOUN
dem-14899	207	28	,	,	PUNCT
dem-14899	207	29	40	40	NUM
dem-14899	207	30	,	,	PUNCT
dem-14899	207	31	184–190	184–190	NUM
dem-14899	207	32	,	,	PUNCT
dem-14899	207	33	doi	doi	NOUN
dem-14899	207	34	:	:	PUNCT
dem-14899	207	35	http://dx.doi.org/10.1016/j.econmod.2014.03.028	http://dx.doi.org/10.1016/j.econmod.2014.03.028	PROPN
dem-14899	207	36	.	.	PUNCT
dem-14899	208	1	gefang	gefang	PROPN
dem-14899	208	2	,	,	PUNCT
dem-14899	208	3	d.	d.	PROPN
dem-14899	208	4	(	(	PUNCT
dem-14899	208	5	2008	2008	NUM
dem-14899	208	6	)	)	PUNCT
dem-14899	208	7	,	,	PUNCT
dem-14899	208	8	investigating	investigate	VERB
dem-14899	208	9	nonlinear	nonlinear	ADJ
dem-14899	208	10	purchasing	purchasing	NOUN
dem-14899	208	11	power	power	NOUN
dem-14899	208	12	parity	parity	NOUN
dem-14899	208	13	during	during	ADP
dem-14899	208	14	the	the	DET
dem-14899	208	15	post	post	ADJ
dem-14899	208	16	-	-	ADJ
dem-14899	208	17	bretton	bretton	ADJ
dem-14899	208	18	woods	woods	PROPN
dem-14899	208	19	era	era	NOUN
dem-14899	208	20	–	–	PUNCT
dem-14899	208	21	a	a	DET
dem-14899	208	22	bayesian	bayesian	NOUN
dem-14899	208	23	exponential	exponential	ADJ
dem-14899	208	24	smooth	smooth	ADJ
dem-14899	208	25	transition	transition	NOUN
dem-14899	208	26	vecm	vecm	NOUN
dem-14899	208	27	approach	approach	NOUN
dem-14899	208	28	.	.	PUNCT
dem-14899	209	1	advances	advance	NOUN
dem-14899	209	2	in	in	ADP
dem-14899	209	3	econometrics	econometric	NOUN
dem-14899	209	4	,	,	PUNCT
dem-14899	209	5	471–500	471–500	NUM
dem-14899	209	6	,	,	PUNCT
dem-14899	209	7	doi	doi	NOUN
dem-14899	209	8	:	:	PUNCT
dem-14899	209	9	http://dx.doi.org/10.1016/s0731-9053(08)23014-8	http://dx.doi.org/10.1016/s0731-9053(08)23014-8	PROPN
dem-14899	209	10	.	.	PUNCT
dem-14899	209	11	harvey	harvey	PROPN
dem-14899	209	12	,	,	PUNCT
dem-14899	209	13	d.	d.	PROPN
dem-14899	209	14	,	,	PUNCT
dem-14899	209	15	leybourne	leybourne	ADJ
dem-14899	209	16	,	,	PUNCT
dem-14899	209	17	s.	s.	PROPN
dem-14899	209	18	,	,	PUNCT
dem-14899	209	19	newbold	newbold	PROPN
dem-14899	209	20	,	,	PUNCT
dem-14899	209	21	p.	p.	NOUN
dem-14899	209	22	(	(	PUNCT
dem-14899	209	23	1997	1997	NUM
dem-14899	209	24	)	)	PUNCT
dem-14899	209	25	,	,	PUNCT
dem-14899	209	26	testing	test	VERB
dem-14899	209	27	the	the	DET
dem-14899	209	28	equality	equality	NOUN
dem-14899	209	29	of	of	ADP
dem-14899	209	30	prediction	prediction	NOUN
dem-14899	209	31	mean	mean	VERB
dem-14899	209	32	squared	square	VERB
dem-14899	209	33	errors	error	NOUN
dem-14899	209	34	,	,	PUNCT
dem-14899	209	35	international	international	ADJ
dem-14899	209	36	journal	journal	NOUN
dem-14899	209	37	of	of	ADP
dem-14899	209	38	forecasting	forecasting	NOUN
dem-14899	209	39	,	,	PUNCT
dem-14899	209	40	13(2	13(2	PROPN
dem-14899	209	41	)	)	PUNCT
dem-14899	209	42	,	,	PUNCT
dem-14899	209	43	281–291	281–291	NUM
dem-14899	209	44	,	,	PUNCT
dem-14899	209	45	doi	doi	NOUN
dem-14899	209	46	:	:	PUNCT
dem-14899	209	47	http://dx.doi.org/10.1016/s0169-2070(96)00719-4	http://dx.doi.org/10.1016/s0169-2070(96)00719-4	PROPN
dem-14899	209	48	.	.	PUNCT
dem-14899	210	1	johnson	johnson	PROPN
dem-14899	210	2	,	,	PUNCT
dem-14899	210	3	h.	h.	PROPN
dem-14899	210	4	g.	g.	PROPN
dem-14899	210	5	(	(	PUNCT
dem-14899	210	6	1976	1976	NUM
dem-14899	210	7	)	)	PUNCT
dem-14899	210	8	.	.	PUNCT
dem-14899	211	1	the	the	DET
dem-14899	211	2	monetary	monetary	ADJ
dem-14899	211	3	approach	approach	NOUN
dem-14899	211	4	to	to	ADP
dem-14899	211	5	balance	balance	NOUN
dem-14899	211	6	-	-	PUNCT
dem-14899	211	7	of	of	ADP
dem-14899	211	8	-	-	PUNCT
dem-14899	211	9	payments	payment	NOUN
dem-14899	211	10	theory	theory	NOUN
dem-14899	211	11	,	,	PUNCT
dem-14899	211	12	in	in	ADP
dem-14899	211	13	j.	j.	PROPN
dem-14899	211	14	a.	a.	PROPN
dem-14899	211	15	frenkel	frenkel	PROPN
dem-14899	211	16	,	,	PUNCT
dem-14899	211	17	&	&	CCONJ
dem-14899	211	18	h.	h.	PROPN
dem-14899	211	19	g.	g.	PROPN
dem-14899	211	20	johnson	johnson	PROPN
dem-14899	211	21	(	(	PUNCT
dem-14899	211	22	eds	eds	PROPN
dem-14899	211	23	.	.	PUNCT
dem-14899	211	24	)	)	PUNCT
dem-14899	211	25	,	,	PUNCT
dem-14899	211	26	the	the	DET
dem-14899	211	27	monetary	monetary	ADJ
dem-14899	211	28	approach	approach	NOUN
dem-14899	211	29	to	to	ADP
dem-14899	211	30	the	the	DET
dem-14899	211	31	balance	balance	NOUN
dem-14899	211	32	of	of	ADP
dem-14899	211	33	payments	payment	NOUN
dem-14899	211	34	(	(	PUNCT
dem-14899	211	35	pp	pp	ADJ
dem-14899	211	36	.	.	PUNCT
dem-14899	212	1	147–167	147–167	NUM
dem-14899	212	2	)	)	PUNCT
dem-14899	212	3	.	.	PUNCT
dem-14899	213	1	london	london	PROPN
dem-14899	213	2	:	:	PUNCT
dem-14899	213	3	george	george	PROPN
dem-14899	213	4	allen	allen	PROPN
dem-14899	213	5	&	&	CCONJ
dem-14899	213	6	unwin	unwin	PROPN
dem-14899	213	7	ltd	ltd	PROPN
dem-14899	213	8	.	.	PROPN
dem-14899	214	1	kapetanios	kapetanios	PROPN
dem-14899	214	2	,	,	PUNCT
dem-14899	214	3	g.	g.	PROPN
dem-14899	214	4	,	,	PUNCT
dem-14899	214	5	shin	shin	NOUN
dem-14899	214	6	,	,	PUNCT
dem-14899	214	7	y.	y.	PROPN
dem-14899	214	8	,	,	PUNCT
dem-14899	214	9	snell	snell	PROPN
dem-14899	214	10	,	,	PUNCT
dem-14899	214	11	a.	a.	NOUN
dem-14899	214	12	(	(	PUNCT
dem-14899	214	13	2003	2003	NUM
dem-14899	214	14	)	)	PUNCT
dem-14899	214	15	,	,	PUNCT
dem-14899	214	16	testing	test	VERB
dem-14899	214	17	for	for	ADP
dem-14899	214	18	a	a	DET
dem-14899	214	19	unit	unit	NOUN
dem-14899	214	20	root	root	NOUN
dem-14899	214	21	in	in	ADP
dem-14899	214	22	the	the	DET
dem-14899	214	23	nonlinear	nonlinear	ADJ
dem-14899	214	24	star	star	NOUN
dem-14899	214	25	framework	framework	PROPN
dem-14899	214	26	,	,	PUNCT
dem-14899	214	27	journal	journal	NOUN
dem-14899	214	28	of	of	ADP
dem-14899	214	29	econometrics	econometric	NOUN
dem-14899	214	30	,	,	PUNCT
dem-14899	214	31	112	112	NUM
dem-14899	214	32	,	,	PUNCT
dem-14899	214	33	359–373	359–373	NUM
dem-14899	214	34	,	,	PUNCT
dem-14899	214	35	doi	doi	NOUN
dem-14899	214	36	:	:	PUNCT
dem-14899	214	37	http://dx.doi.org/10.1016/s0304-4076(02)00202-6	http://dx.doi.org/10.1016/s0304-4076(02)00202-6	PROPN
dem-14899	214	38	.	.	PROPN
dem-14899	214	39	kelm	kelm	PROPN
dem-14899	214	40	,	,	PUNCT
dem-14899	214	41	r.	r.	PROPN
dem-14899	214	42	(	(	PUNCT
dem-14899	214	43	2010	2010	NUM
dem-14899	214	44	)	)	PUNCT
dem-14899	214	45	,	,	PUNCT
dem-14899	214	46	model	model	NOUN
dem-14899	214	47	behawioralnego	behawioralnego	PROPN
dem-14899	214	48	kursu	kursu	PROPN
dem-14899	214	49	równowagi	równowagi	PROPN
dem-14899	214	50	złotego	złotego	NOUN
dem-14899	214	51	do	do	VERB
dem-14899	214	52	euro	euro	NOUN
dem-14899	214	53	w	w	ADP
dem-14899	214	54	okresie	okresie	ADJ
dem-14899	214	55	styczeń	styczeń	PROPN
dem-14899	214	56	1996	1996	NUM
dem-14899	214	57	–	–	PUNCT
dem-14899	214	58	czerwiec	czerwiec	NOUN
dem-14899	214	59	2009	2009	NUM
dem-14899	214	60	r.	r.	PROPN
dem-14899	214	61	,	,	PUNCT
dem-14899	214	62	bank	bank	PROPN
dem-14899	214	63	i	i	PRON
dem-14899	214	64	kredyt	kredyt	VERB
dem-14899	214	65	,	,	PUNCT
dem-14899	214	66	41	41	NUM
dem-14899	214	67	,	,	PUNCT
dem-14899	214	68	21–42	21–42	NUM
dem-14899	214	69	.	.	PUNCT
dem-14899	215	1	kelm	kelm	PROPN
dem-14899	215	2	,	,	PUNCT
dem-14899	215	3	r.	r.	PROPN
dem-14899	215	4	(	(	PUNCT
dem-14899	215	5	2013	2013	NUM
dem-14899	215	6	)	)	PUNCT
dem-14899	215	7	,	,	PUNCT
dem-14899	215	8	kurs	kurs	PROPN
dem-14899	215	9	złoty	złoty	X
dem-14899	215	10	/	/	SYM
dem-14899	215	11	euro	euro	NOUN
dem-14899	215	12	:	:	PUNCT
dem-14899	216	1	teoria	teoria	NUM
dem-14899	216	2	i	i	PRON
dem-14899	216	3	empiria	empiria	PROPN
dem-14899	216	4	,	,	PUNCT
dem-14899	216	5	wyd	wyd	PROPN
dem-14899	216	6	.	.	PROPN
dem-14899	216	7	uł	uł	PROPN
dem-14899	216	8	,	,	PUNCT
dem-14899	216	9	łódź	łódź	PROPN
dem-14899	216	10	.	.	PUNCT
dem-14899	217	1	kelm	kelm	PROPN
dem-14899	217	2	,	,	PUNCT
dem-14899	217	3	r.	r.	PROPN
dem-14899	217	4	(	(	PUNCT
dem-14899	217	5	2017	2017	NUM
dem-14899	217	6	)	)	PUNCT
dem-14899	217	7	,	,	PUNCT
dem-14899	217	8	the	the	DET
dem-14899	217	9	purchasing	purchase	VERB
dem-14899	217	10	power	power	NOUN
dem-14899	217	11	parity	parity	NOUN
dem-14899	217	12	puzzle	puzzle	NOUN
dem-14899	217	13	and	and	CCONJ
dem-14899	217	14	imperfect	imperfect	ADJ
dem-14899	217	15	knowledge	knowledge	NOUN
dem-14899	217	16	:	:	PUNCT
dem-14899	217	17	the	the	DET
dem-14899	217	18	case	case	NOUN
dem-14899	217	19	of	of	ADP
dem-14899	217	20	the	the	DET
dem-14899	217	21	polish	polish	ADJ
dem-14899	217	22	zloty	zloty	NOUN
dem-14899	217	23	,	,	PUNCT
dem-14899	217	24	central	central	ADJ
dem-14899	217	25	european	european	ADJ
dem-14899	217	26	journal	journal	NOUN
dem-14899	217	27	of	of	ADP
dem-14899	217	28	economic	economic	ADJ
dem-14899	217	29	modelling	modelling	NOUN
dem-14899	217	30	and	and	CCONJ
dem-14899	217	31	econometrics	econometric	NOUN
dem-14899	217	32	,	,	PUNCT
dem-14899	217	33	9	9	NUM
dem-14899	217	34	,	,	PUNCT
dem-14899	217	35	1–27	1–27	PROPN
dem-14899	217	36	.	.	PUNCT
dem-14899	218	1	kelm	kelm	PROPN
dem-14899	218	2	,	,	PUNCT
dem-14899	218	3	r.	r.	PROPN
dem-14899	218	4	,	,	PUNCT
dem-14899	218	5	j.	j.	PROPN
dem-14899	218	6	bęza	bęza	PROPN
dem-14899	218	7	-	-	PUNCT
dem-14899	218	8	bojanowska	bojanowska	NOUN
dem-14899	218	9	(	(	PUNCT
dem-14899	218	10	2005	2005	NUM
dem-14899	218	11	)	)	PUNCT
dem-14899	218	12	,	,	PUNCT
dem-14899	218	13	polityka	polityka	ADJ
dem-14899	218	14	monetarna	monetarna	NOUN
dem-14899	219	1	i	i	PRON
dem-14899	219	2	fiskalna	fiskalna	VERB
dem-14899	219	3	a	a	DET
dem-14899	219	4	odchylenia	odchylenia	NOUN
dem-14899	219	5	realnego	realnego	ADJ
dem-14899	219	6	kursu	kursu	PROPN
dem-14899	219	7	złoty	złoty	X
dem-14899	219	8	/	/	SYM
dem-14899	219	9	euro	euro	PROPN
dem-14899	219	10	od	od	PROPN
dem-14899	219	11	kursu	kursu	PROPN
dem-14899	219	12	równowagi	równowagi	PROPN
dem-14899	219	13	1995:01–2004:06	1995:01–2004:06	PROPN
dem-14899	219	14	,	,	PUNCT
dem-14899	219	15	bank	bank	NOUN
dem-14899	219	16	i	i	PRON
dem-14899	219	17	kredyt	kredyt	VERB
dem-14899	219	18	,	,	PUNCT
dem-14899	219	19	36	36	NUM
dem-14899	219	20	,	,	PUNCT
dem-14899	219	21	4–19	4–19	NOUN
dem-14899	219	22	.	.	PUNCT
dem-14899	220	1	kokoszczyński	kokoszczyński	PROPN
dem-14899	220	2	,	,	PUNCT
dem-14899	220	3	r.	r.	PROPN
dem-14899	220	4	(	(	PUNCT
dem-14899	220	5	2001	2001	NUM
dem-14899	220	6	)	)	PUNCT
dem-14899	220	7	,	,	PUNCT
dem-14899	220	8	from	from	ADP
dem-14899	220	9	fixed	fix	VERB
dem-14899	220	10	to	to	ADP
dem-14899	220	11	floating	float	VERB
dem-14899	220	12	:	:	PUNCT
dem-14899	220	13	other	other	ADJ
dem-14899	220	14	country	country	NOUN
dem-14899	220	15	experiences	experience	VERB
dem-14899	220	16	:	:	PUNCT
dem-14899	220	17	the	the	DET
dem-14899	220	18	case	case	NOUN
dem-14899	220	19	of	of	ADP
dem-14899	220	20	poland	poland	PROPN
dem-14899	220	21	,	,	PUNCT
dem-14899	220	22	paper	paper	NOUN
dem-14899	220	23	to	to	PART
dem-14899	220	24	be	be	AUX
dem-14899	220	25	presented	present	VERB
dem-14899	220	26	at	at	ADP
dem-14899	220	27	the	the	DET
dem-14899	220	28	imf	imf	PROPN
dem-14899	220	29	seminar	seminar	NOUN
dem-14899	220	30	exchange	exchange	NOUN
dem-14899	220	31	rate	rate	NOUN
dem-14899	220	32	regimes	regime	NOUN
dem-14899	220	33	:	:	PUNCT
dem-14899	220	34	hard	hard	ADJ
dem-14899	220	35	peg	peg	NOUN
dem-14899	220	36	or	or	CCONJ
dem-14899	220	37	free	free	ADJ
dem-14899	220	38	floating	float	VERB
dem-14899	220	39	?	?	PUNCT
dem-14899	220	40	,	,	PUNCT
dem-14899	220	41	washington	washington	PROPN
dem-14899	220	42	,	,	PUNCT
dem-14899	220	43	dc	dc	PROPN
dem-14899	220	44	,	,	PUNCT
dem-14899	220	45	march	march	PROPN
dem-14899	220	46	19–20	19–20	NUM
dem-14899	220	47	.	.	PUNCT
dem-14899	220	48	lothian	lothian	PROPN
dem-14899	220	49	,	,	PUNCT
dem-14899	220	50	j.	j.	PROPN
dem-14899	220	51	r.	r.	PROPN
dem-14899	220	52	,	,	PUNCT
dem-14899	220	53	taylor	taylor	PROPN
dem-14899	220	54	,	,	PUNCT
dem-14899	220	55	m.	m.	NOUN
dem-14899	220	56	p.	p.	PROPN
dem-14899	220	57	(	(	PUNCT
dem-14899	220	58	1996	1996	NUM
dem-14899	220	59	)	)	PUNCT
dem-14899	220	60	,	,	PUNCT
dem-14899	220	61	real	real	ADJ
dem-14899	220	62	exchange	exchange	NOUN
dem-14899	220	63	rate	rate	NOUN
dem-14899	220	64	behavior	behavior	NOUN
dem-14899	220	65	:	:	PUNCT
dem-14899	220	66	the	the	DET
dem-14899	220	67	recent	recent	ADJ
dem-14899	220	68	float	float	NOUN
dem-14899	220	69	from	from	ADP
dem-14899	220	70	the	the	DET
dem-14899	220	71	perspective	perspective	NOUN
dem-14899	220	72	of	of	ADP
dem-14899	220	73	the	the	DET
dem-14899	220	74	past	past	ADJ
dem-14899	220	75	two	two	NUM
dem-14899	220	76	centuries	century	NOUN
dem-14899	220	77	,	,	PUNCT
dem-14899	220	78	journal	journal	NOUN
dem-14899	220	79	of	of	ADP
dem-14899	220	80	political	political	ADJ
dem-14899	220	81	economy	economy	NOUN
dem-14899	220	82	,	,	PUNCT
dem-14899	220	83	104(3	104(3	NUM
dem-14899	220	84	)	)	PUNCT
dem-14899	220	85	,	,	PUNCT
dem-14899	220	86	488–509	488–509	NUM
dem-14899	220	87	,	,	PUNCT
dem-14899	220	88	doi	doi	NOUN
dem-14899	220	89	:	:	PUNCT
dem-14899	220	90	http://dx.doi.org/10.1086/262031	http://dx.doi.org/10.1086/262031	NOUN
dem-14899	220	91	.	.	PUNCT
dem-14899	221	1	lucas	lucas	PROPN
dem-14899	221	2	,	,	PUNCT
dem-14899	221	3	r.	r.	PROPN
dem-14899	221	4	e.	e.	PROPN
dem-14899	221	5	(	(	PUNCT
dem-14899	221	6	1982	1982	NUM
dem-14899	221	7	)	)	PUNCT
dem-14899	221	8	,	,	PUNCT
dem-14899	221	9	interest	interest	NOUN
dem-14899	221	10	rates	rate	NOUN
dem-14899	221	11	and	and	CCONJ
dem-14899	221	12	currency	currency	NOUN
dem-14899	221	13	prices	price	NOUN
dem-14899	221	14	in	in	ADP
dem-14899	221	15	a	a	DET
dem-14899	221	16	two	two	NUM
dem-14899	221	17	-	-	PUNCT
dem-14899	221	18	country	country	NOUN
dem-14899	221	19	world	world	NOUN
dem-14899	221	20	,	,	PUNCT
dem-14899	221	21	journal	journal	NOUN
dem-14899	221	22	of	of	ADP
dem-14899	221	23	monetary	monetary	ADJ
dem-14899	221	24	economics	economic	NOUN
dem-14899	221	25	,	,	PUNCT
dem-14899	221	26	10(3	10(3	NUM
dem-14899	221	27	)	)	PUNCT
dem-14899	221	28	,	,	PUNCT
dem-14899	221	29	335–359	335–359	NUM
dem-14899	221	30	,	,	PUNCT
dem-14899	221	31	doi	doi	NOUN
dem-14899	221	32	:	:	PUNCT
dem-14899	221	33	http://dx.doi.org/10.4159/harvard.9780674067851.c6	http://dx.doi.org/10.4159/harvard.9780674067851.c6	PROPN
dem-14899	221	34	.	.	PROPN
dem-14899	221	35	månsson	månsson	PROPN
dem-14899	221	36	,	,	PUNCT
dem-14899	221	37	k.	k.	PROPN
dem-14899	221	38	,	,	PUNCT
dem-14899	221	39	sjölander	sjölander	NOUN
dem-14899	221	40	,	,	PUNCT
dem-14899	221	41	p.	p.	NOUN
dem-14899	221	42	(	(	PUNCT
dem-14899	221	43	2014	2014	NUM
dem-14899	221	44	)	)	PUNCT
dem-14899	221	45	,	,	PUNCT
dem-14899	221	46	testing	test	VERB
dem-14899	221	47	for	for	ADP
dem-14899	221	48	nonlinear	nonlinear	ADJ
dem-14899	221	49	panel	panel	NOUN
dem-14899	221	50	unit	unit	NOUN
dem-14899	221	51	roots	root	NOUN
dem-14899	221	52	under	under	ADP
dem-14899	221	53	cross	cross	ADJ
dem-14899	221	54	-	-	ADJ
dem-14899	221	55	sectional	sectional	ADJ
dem-14899	221	56	dependency	dependency	NOUN
dem-14899	221	57	—	—	PUNCT
dem-14899	221	58	with	with	ADP
dem-14899	221	59	an	an	DET
dem-14899	221	60	application	application	NOUN
dem-14899	221	61	to	to	ADP
dem-14899	221	62	the	the	DET
dem-14899	221	63	ppp	ppp	NOUN
dem-14899	221	64	hypothesis	hypothesis	NOUN
dem-14899	221	65	,	,	PUNCT
dem-14899	221	66	economic	economic	ADJ
dem-14899	221	67	modelling	modelling	NOUN
dem-14899	221	68	,	,	PUNCT
dem-14899	221	69	38	38	NUM
dem-14899	221	70	,	,	PUNCT
dem-14899	221	71	121–132	121–132	NUM
dem-14899	221	72	,	,	PUNCT
dem-14899	221	73	doi	doi	NOUN
dem-14899	221	74	:	:	PUNCT
dem-14899	221	75	http://dx.doi.org/10.1016/j.econmod.2013.12.013	http://dx.doi.org/10.1016/j.econmod.2013.12.013	PROPN
dem-14899	221	76	.	.	PUNCT
dem-14899	222	1	mcmillan	mcmillan	PROPN
dem-14899	222	2	,	,	PUNCT
dem-14899	222	3	d.	d.	PROPN
dem-14899	222	4	(	(	PUNCT
dem-14899	222	5	2009	2009	NUM
dem-14899	222	6	)	)	PUNCT
dem-14899	222	7	,	,	PUNCT
dem-14899	222	8	the	the	DET
dem-14899	222	9	confusing	confusing	ADJ
dem-14899	222	10	time	time	NOUN
dem-14899	222	11	-	-	PUNCT
dem-14899	222	12	series	series	NOUN
dem-14899	222	13	behaviour	behaviour	NOUN
dem-14899	222	14	of	of	ADP
dem-14899	222	15	the	the	DET
dem-14899	222	16	real	real	ADJ
dem-14899	222	17	exchange	exchange	NOUN
dem-14899	222	18	rates	rate	NOUN
dem-14899	222	19	:	:	PUNCT
dem-14899	222	20	are	be	AUX
dem-14899	222	21	asymmetries	asymmetry	NOUN
dem-14899	222	22	important	important	ADJ
dem-14899	222	23	?	?	PUNCT
dem-14899	222	24	,	,	PUNCT
dem-14899	222	25	journal	journal	NOUN
dem-14899	222	26	of	of	ADP
dem-14899	222	27	international	international	ADJ
dem-14899	222	28	financial	financial	ADJ
dem-14899	222	29	markets	market	NOUN
dem-14899	222	30	,	,	PUNCT
dem-14899	222	31	institutions	institution	NOUN
dem-14899	222	32	and	and	CCONJ
dem-14899	222	33	money	money	NOUN
dem-14899	222	34	,	,	PUNCT
dem-14899	222	35	19	19	NUM
dem-14899	222	36	,	,	PUNCT
dem-14899	222	37	692–711	692–711	NUM
dem-14899	222	38	,	,	PUNCT
dem-14899	222	39	doi	doi	NOUN
dem-14899	222	40	:	:	PUNCT
dem-14899	222	41	http://dx.doi.org/10.1016/j.intfin.2008.12.002	http://dx.doi.org/10.1016/j.intfin.2008.12.002	PROPN
dem-14899	222	42	.	.	PUNCT
dem-14899	222	43	nakagawa	nakagawa	PROPN
dem-14899	222	44	,	,	PUNCT
dem-14899	222	45	h.	h.	PROPN
dem-14899	222	46	(	(	PUNCT
dem-14899	222	47	2010	2010	NUM
dem-14899	222	48	)	)	PUNCT
dem-14899	222	49	,	,	PUNCT
dem-14899	222	50	investigating	investigate	VERB
dem-14899	222	51	nonlinearities	nonlinearitie	NOUN
dem-14899	222	52	in	in	ADP
dem-14899	222	53	real	real	ADJ
dem-14899	222	54	exchange	exchange	NOUN
dem-14899	222	55	rate	rate	NOUN
dem-14899	222	56	adjustment	adjustment	NOUN
dem-14899	222	57	:	:	PUNCT
dem-14899	222	58	threshold	threshold	NOUN
dem-14899	222	59	cointegration	cointegration	NOUN
dem-14899	222	60	and	and	CCONJ
dem-14899	222	61	the	the	DET
dem-14899	222	62	dynamics	dynamic	NOUN
dem-14899	222	63	of	of	ADP
dem-14899	222	64	exchange	exchange	NOUN
dem-14899	222	65	rates	rate	NOUN
dem-14899	222	66	and	and	CCONJ
dem-14899	222	67	relative	relative	ADJ
dem-14899	222	68	prices	price	NOUN
dem-14899	222	69	,	,	PUNCT
dem-14899	222	70	journal	journal	NOUN
dem-14899	222	71	of	of	ADP
dem-14899	222	72	international	international	ADJ
dem-14899	222	73	money	money	NOUN
dem-14899	222	74	and	and	CCONJ
dem-14899	222	75	finance	finance	NOUN
dem-14899	222	76	,	,	PUNCT
dem-14899	222	77	29	29	NUM
dem-14899	222	78	,	,	PUNCT
dem-14899	222	79	770–790	770–790	NUM
dem-14899	222	80	,	,	PUNCT
dem-14899	222	81	http://dx.doi.org/10.1086/260506	http://dx.doi.org/10.1086/260506	NOUN
dem-14899	222	82	http://dx.doi.org/10.1016/s0731-9053(08)23014-8	http://dx.doi.org/10.1016/s0731-9053(08)23014-8	PROPN
dem-14899	222	83	http://dx.doi.org/10.1016/s0304-4076(02)00202-6	http://dx.doi.org/10.1016/s0304-4076(02)00202-6	VERB
dem-14899	222	84	https://doi.org/10.1016/j.econmod.2013.12.013	https://doi.org/10.1016/j.econmod.2013.12.013	PROPN
dem-14899	222	85	forecasting	forecasting	NOUN
dem-14899	222	86	eur	eur	PROPN
dem-14899	222	87	/	/	SYM
dem-14899	222	88	pln	pln	PROPN
dem-14899	222	89	exchange	exchange	PROPN
dem-14899	222	90	rate	rate	NOUN
dem-14899	222	91	:	:	PUNCT
dem-14899	222	92	the	the	DET
dem-14899	222	93	role	role	NOUN
dem-14899	222	94	of	of	ADP
dem-14899	222	95	purchasing	purchase	VERB
dem-14899	222	96	power	power	NOUN
dem-14899	222	97	parity	parity	NOUN
dem-14899	222	98	…	…	SYM
dem-14899	222	99	dynamic	dynamic	ADJ
dem-14899	222	100	econometric	econometric	ADJ
dem-14899	222	101	models	model	NOUN
dem-14899	222	102	17	17	NUM
dem-14899	222	103	(	(	PUNCT
dem-14899	222	104	2017	2017	NUM
dem-14899	222	105	)	)	PUNCT
dem-14899	222	106	97–114	97–114	NUM
dem-14899	222	107	113	113	NUM
dem-14899	222	108	doi	doi	NOUN
dem-14899	222	109	:	:	PUNCT
dem-14899	222	110	http://dx.doi.org/10.1016/j.jimonfin.2010.03.002	http://dx.doi.org/10.1016/j.jimonfin.2010.03.002	PROPN
dem-14899	222	111	.	.	PUNCT
dem-14899	223	1	norman	norman	PROPN
dem-14899	223	2	s.	s.	PROPN
dem-14899	223	3	,	,	PUNCT
dem-14899	223	4	(	(	PUNCT
dem-14899	223	5	2010	2010	NUM
dem-14899	223	6	)	)	PUNCT
dem-14899	223	7	,	,	PUNCT
dem-14899	223	8	how	how	SCONJ
dem-14899	223	9	well	well	ADV
dem-14899	223	10	does	do	AUX
dem-14899	223	11	nonlinear	nonlinear	ADJ
dem-14899	223	12	mean	mean	VERB
dem-14899	223	13	reversion	reversion	NOUN
dem-14899	223	14	solve	solve	VERB
dem-14899	223	15	the	the	DET
dem-14899	223	16	ppp	ppp	NOUN
dem-14899	223	17	puzzle	puzzle	NOUN
dem-14899	223	18	,	,	PUNCT
dem-14899	223	19	journal	journal	NOUN
dem-14899	223	20	of	of	ADP
dem-14899	223	21	international	international	ADJ
dem-14899	223	22	money	money	NOUN
dem-14899	223	23	and	and	CCONJ
dem-14899	223	24	finance	finance	NOUN
dem-14899	223	25	,	,	PUNCT
dem-14899	223	26	29	29	NUM
dem-14899	223	27	,	,	PUNCT
dem-14899	223	28	919–937	919–937	NUM
dem-14899	223	29	,	,	PUNCT
dem-14899	223	30	doi	doi	NOUN
dem-14899	223	31	:	:	PUNCT
dem-14899	223	32	http://dx.doi.org/10.1016/j.jimonfin.2010.01.009	http://dx.doi.org/10.1016/j.jimonfin.2010.01.009	PROPN
dem-14899	223	33	.	.	PUNCT
dem-14899	224	1	o’connell	o’connell	PROPN
dem-14899	224	2	,	,	PUNCT
dem-14899	224	3	p.	p.	PROPN
dem-14899	224	4	,	,	PUNCT
dem-14899	224	5	wei	wei	PROPN
dem-14899	224	6	,	,	PUNCT
dem-14899	224	7	s.	s.	PROPN
dem-14899	224	8	j.	j.	PROPN
dem-14899	224	9	(	(	PUNCT
dem-14899	224	10	1997	1997	NUM
dem-14899	224	11	)	)	PUNCT
dem-14899	224	12	,	,	PUNCT
dem-14899	224	13	the	the	PRON
dem-14899	224	14	bigger	big	ADJ
dem-14899	224	15	they	they	PRON
dem-14899	224	16	are	be	AUX
dem-14899	224	17	,	,	PUNCT
dem-14899	224	18	the	the	PRON
dem-14899	224	19	harder	hard	ADJ
dem-14899	224	20	they	they	PRON
dem-14899	224	21	fall	fall	VERB
dem-14899	224	22	:	:	PUNCT
dem-14899	224	23	how	how	SCONJ
dem-14899	224	24	price	price	NOUN
dem-14899	224	25	differences	difference	NOUN
dem-14899	224	26	across	across	ADP
dem-14899	224	27	u.s	u.s	PROPN
dem-14899	224	28	.	.	PROPN
dem-14899	224	29	cities	city	NOUN
dem-14899	224	30	are	be	AUX
dem-14899	224	31	arbitraged	arbitrage	VERB
dem-14899	224	32	,	,	PUNCT
dem-14899	224	33	nber	nber	PROPN
dem-14899	224	34	working	working	PROPN
dem-14899	224	35	paper	paper	NOUN
dem-14899	224	36	,	,	PUNCT
dem-14899	224	37	6089	6089	NUM
dem-14899	224	38	.	.	PUNCT
dem-14899	225	1	officer	officer	NOUN
dem-14899	225	2	,	,	PUNCT
dem-14899	225	3	l.	l.	PROPN
dem-14899	225	4	,h	,h	PROPN
dem-14899	225	5	.	.	PUNCT
dem-14899	226	1	(	(	PUNCT
dem-14899	226	2	1982	1982	NUM
dem-14899	226	3	)	)	PUNCT
dem-14899	226	4	,	,	PUNCT
dem-14899	226	5	purchasing	purchase	VERB
dem-14899	226	6	power	power	NOUN
dem-14899	226	7	parity	parity	NOUN
dem-14899	226	8	and	and	CCONJ
dem-14899	226	9	exchange	exchange	NOUN
dem-14899	226	10	rates	rate	NOUN
dem-14899	226	11	:	:	PUNCT
dem-14899	226	12	theory	theory	NOUN
dem-14899	226	13	,	,	PUNCT
dem-14899	226	14	evidence	evidence	NOUN
dem-14899	226	15	and	and	CCONJ
dem-14899	226	16	relevance	relevance	NOUN
dem-14899	226	17	greenwich	greenwich	PROPN
dem-14899	226	18	,	,	PUNCT
dem-14899	226	19	ct	ct	PROPN
dem-14899	226	20	:	:	PUNCT
dem-14899	226	21	jai	jai	PROPN
dem-14899	226	22	press	press	PROPN
dem-14899	226	23	.	.	PUNCT
dem-14899	227	1	papell	papell	PROPN
dem-14899	227	2	,	,	PUNCT
dem-14899	227	3	d.	d.	PROPN
dem-14899	227	4	h.	h.	PROPN
dem-14899	227	5	(	(	PUNCT
dem-14899	227	6	1997	1997	NUM
dem-14899	227	7	)	)	PUNCT
dem-14899	227	8	,	,	PUNCT
dem-14899	227	9	searching	search	VERB
dem-14899	227	10	for	for	ADP
dem-14899	227	11	stationarity	stationarity	NOUN
dem-14899	227	12	:	:	PUNCT
dem-14899	227	13	purchasing	purchase	VERB
dem-14899	227	14	power	power	NOUN
dem-14899	227	15	parity	parity	NOUN
dem-14899	227	16	under	under	ADP
dem-14899	227	17	the	the	DET
dem-14899	227	18	current	current	ADJ
dem-14899	227	19	float	float	NOUN
dem-14899	227	20	,	,	PUNCT
dem-14899	227	21	journal	journal	NOUN
dem-14899	227	22	of	of	ADP
dem-14899	227	23	international	international	ADJ
dem-14899	227	24	economics	economic	NOUN
dem-14899	227	25	,	,	PUNCT
dem-14899	227	26	43(3–4	43(3–4	NUM
dem-14899	227	27	)	)	PUNCT
dem-14899	227	28	,	,	PUNCT
dem-14899	227	29	313–332	313–332	NUM
dem-14899	227	30	,	,	PUNCT
dem-14899	227	31	doi	doi	NOUN
dem-14899	227	32	:	:	PUNCT
dem-14899	227	33	http://dx.doi.org/10.1016/s0022-1996(96)01467-5	http://dx.doi.org/10.1016/s0022-1996(96)01467-5	PROPN
dem-14899	227	34	.	.	PUNCT
dem-14899	228	1	pavlidis	pavlidi	NOUN
dem-14899	228	2	e.g.	e.g.	ADV
dem-14899	228	3	,	,	PUNCT
dem-14899	228	4	paya	paya	PROPN
dem-14899	228	5	i.	i.	PROPN
dem-14899	228	6	,	,	PUNCT
dem-14899	228	7	peel	peel	NOUN
dem-14899	228	8	d.a	d.a	PROPN
dem-14899	228	9	.	.	PROPN
dem-14899	228	10	,	,	PUNCT
dem-14899	228	11	(	(	PUNCT
dem-14899	228	12	2011	2011	NUM
dem-14899	228	13	)	)	PUNCT
dem-14899	228	14	,	,	PUNCT
dem-14899	228	15	real	real	ADJ
dem-14899	228	16	exchange	exchange	NOUN
dem-14899	228	17	rates	rate	NOUN
dem-14899	228	18	and	and	CCONJ
dem-14899	228	19	time	time	NOUN
dem-14899	228	20	-	-	PUNCT
dem-14899	228	21	varying	vary	VERB
dem-14899	228	22	trade	trade	NOUN
dem-14899	228	23	costs	cost	NOUN
dem-14899	228	24	,	,	PUNCT
dem-14899	228	25	journal	journal	NOUN
dem-14899	228	26	of	of	ADP
dem-14899	228	27	international	international	ADJ
dem-14899	228	28	money	money	NOUN
dem-14899	228	29	and	and	CCONJ
dem-14899	228	30	finance	finance	NOUN
dem-14899	228	31	,	,	PUNCT
dem-14899	228	32	30	30	NUM
dem-14899	228	33	,	,	PUNCT
dem-14899	228	34	1157–1179	1157–1179	NUM
dem-14899	228	35	,	,	PUNCT
dem-14899	228	36	doi	doi	NOUN
dem-14899	228	37	:	:	PUNCT
dem-14899	228	38	http://dx.doi.org/10.1016/j.jimonfin.2011.06.004	http://dx.doi.org/10.1016/j.jimonfin.2011.06.004	PROPN
dem-14899	228	39	.	.	PROPN
dem-14899	228	40	rogoff	rogoff	PROPN
dem-14899	228	41	k.	k.	PROPN
dem-14899	228	42	(	(	PUNCT
dem-14899	228	43	1996	1996	NUM
dem-14899	228	44	)	)	PUNCT
dem-14899	228	45	,	,	PUNCT
dem-14899	228	46	the	the	DET
dem-14899	228	47	purchasing	purchase	VERB
dem-14899	228	48	power	power	NOUN
dem-14899	228	49	puzzle	puzzle	NOUN
dem-14899	228	50	,	,	PUNCT
dem-14899	228	51	journal	journal	NOUN
dem-14899	228	52	of	of	ADP
dem-14899	228	53	economic	economic	ADJ
dem-14899	228	54	literature	literature	NOUN
dem-14899	228	55	,	,	PUNCT
dem-14899	228	56	34(2	34(2	NUM
dem-14899	228	57	)	)	PUNCT
dem-14899	228	58	,	,	PUNCT
dem-14899	228	59	647–668	647–668	NOUN
dem-14899	228	60	.	.	PUNCT
dem-14899	229	1	rubaszek	rubaszek	PROPN
dem-14899	229	2	,	,	PUNCT
dem-14899	229	3	m.	m.	NOUN
dem-14899	229	4	,	,	PUNCT
dem-14899	229	5	serwa	serwa	PROPN
dem-14899	229	6	d.	d.	PROPN
dem-14899	229	7	(	(	PUNCT
dem-14899	229	8	2009	2009	NUM
dem-14899	229	9	)	)	PUNCT
dem-14899	229	10	,	,	PUNCT
dem-14899	229	11	analiza	analiza	NOUN
dem-14899	229	12	kursu	kursu	PROPN
dem-14899	229	13	walutowego	walutowego	PROPN
dem-14899	229	14	,	,	PUNCT
dem-14899	229	15	c.h	c.h	PROPN
dem-14899	229	16	.	.	PROPN
dem-14899	229	17	beck	beck	PROPN
dem-14899	229	18	,	,	PUNCT
dem-14899	229	19	warszawa	warszawa	PROPN
dem-14899	229	20	.	.	PUNCT
dem-14899	230	1	schnatz	schnatz	PROPN
dem-14899	230	2	,	,	PUNCT
dem-14899	230	3	b.	b.	PROPN
dem-14899	230	4	(	(	PUNCT
dem-14899	230	5	2007	2007	NUM
dem-14899	230	6	)	)	PUNCT
dem-14899	230	7	,	,	PUNCT
dem-14899	230	8	is	be	AUX
dem-14899	230	9	reversion	reversion	NOUN
dem-14899	230	10	to	to	ADP
dem-14899	230	11	ppp	ppp	PROPN
dem-14899	230	12	in	in	ADP
dem-14899	230	13	euro	euro	PROPN
dem-14899	230	14	exchange	exchange	NOUN
dem-14899	230	15	rates	rate	NOUN
dem-14899	230	16	non	non	ADJ
dem-14899	230	17	-	-	ADJ
dem-14899	230	18	linear	linear	ADJ
dem-14899	230	19	?	?	PUNCT
dem-14899	231	1	international	international	ADJ
dem-14899	231	2	economics	economic	NOUN
dem-14899	231	3	and	and	CCONJ
dem-14899	231	4	economic	economic	ADJ
dem-14899	231	5	policy	policy	NOUN
dem-14899	231	6	,	,	PUNCT
dem-14899	231	7	4(3	4(3	NUM
dem-14899	231	8	)	)	PUNCT
dem-14899	231	9	,	,	PUNCT
dem-14899	231	10	281–297	281–297	NUM
dem-14899	231	11	,	,	PUNCT
dem-14899	231	12	doi	doi	NOUN
dem-14899	231	13	:	:	PUNCT
dem-14899	231	14	http://dx.doi.org/10.1007/s10368-007-0091-7	http://dx.doi.org/10.1007/s10368-007-0091-7	PROPN
dem-14899	231	15	.	.	PUNCT
dem-14899	231	16	senbeta	senbeta	PROPN
dem-14899	231	17	,	,	PUNCT
dem-14899	231	18	s.	s.	PROPN
dem-14899	231	19	,r	,r	PROPN
dem-14899	231	20	.	.	PUNCT
dem-14899	232	1	(	(	PUNCT
dem-14899	232	2	2011	2011	NUM
dem-14899	232	3	)	)	PUNCT
dem-14899	232	4	,	,	PUNCT
dem-14899	232	5	a	a	DET
dem-14899	232	6	small	small	ADJ
dem-14899	232	7	open	open	ADJ
dem-14899	232	8	economy	economy	NOUN
dem-14899	232	9	new	new	ADJ
dem-14899	232	10	keynesianvmodel	keynesianvmodel	NOUN
dem-14899	232	11	for	for	ADP
dem-14899	232	12	a	a	DET
dem-14899	232	13	foreign	foreign	ADJ
dem-14899	232	14	exchange	exchange	NOUN
dem-14899	232	15	constrained	constrain	VERB
dem-14899	232	16	economy	economy	NOUN
dem-14899	232	17	,	,	PUNCT
dem-14899	232	18	mpra	mpra	PROPN
dem-14899	232	19	paper	paper	PROPN
dem-14899	232	20	,	,	PUNCT
dem-14899	232	21	29996	29996	NUM
dem-14899	232	22	,	,	PUNCT
dem-14899	232	23	https://mpra.ub.uni-muenchen.de/	https://mpra.ub.uni-muenchen.de/	NOUN
dem-14899	232	24	29996/1	29996/1	NUM
dem-14899	232	25	/	/	SYM
dem-14899	232	26	mpra_paper_29996.pdf	mpra_paper_29996.pdf	PROPN
dem-14899	232	27	.	.	PUNCT
dem-14899	232	28	sercu	sercu	PROPN
dem-14899	232	29	,	,	PUNCT
dem-14899	232	30	p.	p.	NOUN
dem-14899	232	31	,	,	PUNCT
dem-14899	232	32	uppal	uppal	PROPN
dem-14899	232	33	,	,	PUNCT
dem-14899	232	34	r.	r.	PROPN
dem-14899	232	35	,	,	PUNCT
dem-14899	232	36	van	van	PROPN
dem-14899	232	37	hulle	hulle	PROPN
dem-14899	232	38	,	,	PUNCT
dem-14899	232	39	c.	c.	PROPN
dem-14899	232	40	(	(	PUNCT
dem-14899	232	41	1995	1995	NUM
dem-14899	232	42	)	)	PUNCT
dem-14899	232	43	,	,	PUNCT
dem-14899	232	44	the	the	DET
dem-14899	232	45	exchange	exchange	NOUN
dem-14899	232	46	rate	rate	NOUN
dem-14899	232	47	in	in	ADP
dem-14899	232	48	the	the	DET
dem-14899	232	49	presence	presence	NOUN
dem-14899	232	50	of	of	ADP
dem-14899	232	51	transaction	transaction	NOUN
dem-14899	232	52	costs	cost	NOUN
dem-14899	232	53	:	:	PUNCT
dem-14899	232	54	implications	implication	NOUN
dem-14899	232	55	for	for	ADP
dem-14899	232	56	tests	test	NOUN
dem-14899	232	57	of	of	ADP
dem-14899	232	58	purchasing	purchase	VERB
dem-14899	232	59	power	power	NOUN
dem-14899	232	60	parity	parity	NOUN
dem-14899	232	61	,	,	PUNCT
dem-14899	232	62	the	the	DET
dem-14899	232	63	journal	journal	NOUN
dem-14899	232	64	of	of	ADP
dem-14899	232	65	finance	finance	NOUN
dem-14899	232	66	,	,	PUNCT
dem-14899	232	67	50	50	NUM
dem-14899	232	68	,	,	PUNCT
dem-14899	232	69	1309–1319	1309–1319	NUM
dem-14899	232	70	,	,	PUNCT
dem-14899	232	71	doi	doi	NOUN
dem-14899	232	72	:	:	PUNCT
dem-14899	232	73	http://dx.doi.org/10.1111/j.1540-6261.1995.tb04060.x	http://dx.doi.org/10.1111/j.1540-6261.1995.tb04060.x	PROPN
dem-14899	232	74	.	.	PUNCT
dem-14899	233	1	sollis	sollis	PROPN
dem-14899	233	2	,	,	PUNCT
dem-14899	233	3	r.	r.	PROPN
dem-14899	233	4	(	(	PUNCT
dem-14899	233	5	2009	2009	NUM
dem-14899	233	6	)	)	PUNCT
dem-14899	233	7	,	,	PUNCT
dem-14899	233	8	a	a	DET
dem-14899	233	9	simple	simple	ADJ
dem-14899	233	10	unit	unit	NOUN
dem-14899	233	11	root	root	NOUN
dem-14899	233	12	test	test	NOUN
dem-14899	233	13	against	against	ADP
dem-14899	233	14	asymmetric	asymmetric	ADJ
dem-14899	233	15	star	star	NOUN
dem-14899	233	16	nonlinearity	nonlinearity	NOUN
dem-14899	233	17	with	with	ADP
dem-14899	233	18	an	an	DET
dem-14899	233	19	application	application	NOUN
dem-14899	233	20	to	to	ADP
dem-14899	233	21	real	real	ADJ
dem-14899	233	22	exchange	exchange	NOUN
dem-14899	233	23	rates	rate	NOUN
dem-14899	233	24	in	in	ADP
dem-14899	233	25	nordic	nordic	ADJ
dem-14899	233	26	countries	country	NOUN
dem-14899	233	27	,	,	PUNCT
dem-14899	233	28	economic	economic	ADJ
dem-14899	233	29	modelling	modelling	NOUN
dem-14899	233	30	,	,	PUNCT
dem-14899	233	31	26	26	NUM
dem-14899	233	32	,	,	PUNCT
dem-14899	233	33	118–125	118–125	NUM
dem-14899	233	34	,	,	PUNCT
dem-14899	233	35	doi	doi	NOUN
dem-14899	233	36	:	:	PUNCT
dem-14899	233	37	http://dx.doi.org/10.1016/j.econmod.2008.06.002	http://dx.doi.org/10.1016/j.econmod.2008.06.002	PROPN
dem-14899	233	38	.	.	PUNCT
dem-14899	234	1	taylor	taylor	PROPN
dem-14899	234	2	,	,	PUNCT
dem-14899	234	3	m.	m.	NOUN
dem-14899	234	4	p.	p.	PROPN
dem-14899	234	5	(	(	PUNCT
dem-14899	234	6	1988	1988	NUM
dem-14899	234	7	)	)	PUNCT
dem-14899	234	8	,	,	PUNCT
dem-14899	234	9	an	an	DET
dem-14899	234	10	empirical	empirical	ADJ
dem-14899	234	11	examination	examination	NOUN
dem-14899	234	12	of	of	ADP
dem-14899	234	13	long	long	ADJ
dem-14899	234	14	-	-	PUNCT
dem-14899	234	15	run	run	NOUN
dem-14899	234	16	purchasing	purchasing	NOUN
dem-14899	234	17	power	power	NOUN
dem-14899	234	18	parity	parity	NOUN
dem-14899	234	19	using	use	VERB
dem-14899	234	20	cointegration	cointegration	NOUN
dem-14899	234	21	techniques	technique	NOUN
dem-14899	234	22	,	,	PUNCT
dem-14899	234	23	applied	apply	VERB
dem-14899	234	24	economics	economic	NOUN
dem-14899	234	25	,	,	PUNCT
dem-14899	234	26	20(10	20(10	NUM
dem-14899	234	27	)	)	PUNCT
dem-14899	234	28	,	,	PUNCT
dem-14899	234	29	1369–1381	1369–1381	NUM
dem-14899	234	30	,	,	PUNCT
dem-14899	234	31	doi	doi	NOUN
dem-14899	234	32	:	:	PUNCT
dem-14899	234	33	http://dx.doi.org/10.1080/00036848800000107	http://dx.doi.org/10.1080/00036848800000107	PROPN
dem-14899	234	34	.	.	PUNCT
dem-14899	235	1	teräsvirta	teräsvirta	PROPN
dem-14899	235	2	,	,	PUNCT
dem-14899	235	3	t.	t.	PROPN
dem-14899	235	4	(	(	PUNCT
dem-14899	235	5	1994	1994	NUM
dem-14899	235	6	)	)	PUNCT
dem-14899	235	7	,	,	PUNCT
dem-14899	235	8	specification	specification	NOUN
dem-14899	235	9	,	,	PUNCT
dem-14899	235	10	estimation	estimation	NOUN
dem-14899	235	11	and	and	CCONJ
dem-14899	235	12	evaluation	evaluation	NOUN
dem-14899	235	13	of	of	ADP
dem-14899	235	14	smooth	smooth	ADJ
dem-14899	235	15	transition	transition	NOUN
dem-14899	235	16	autoregressive	autoregressive	ADJ
dem-14899	235	17	models	model	NOUN
dem-14899	235	18	,	,	PUNCT
dem-14899	235	19	journal	journal	NOUN
dem-14899	235	20	of	of	ADP
dem-14899	235	21	the	the	DET
dem-14899	235	22	american	american	PROPN
dem-14899	235	23	statistical	statistical	PROPN
dem-14899	235	24	association	association	NOUN
dem-14899	235	25	,	,	PUNCT
dem-14899	235	26	89	89	NUM
dem-14899	235	27	,	,	PUNCT
dem-14899	235	28	208–218	208–218	NUM
dem-14899	235	29	,	,	PUNCT
dem-14899	235	30	doi	doi	NOUN
dem-14899	235	31	:	:	PUNCT
dem-14899	235	32	http://dx.doi.org/10.1080/01621459.1994.10476462	http://dx.doi.org/10.1080/01621459.1994.10476462	PROPN
dem-14899	235	33	.	.	PUNCT
dem-14899	236	1	uppal	uppal	PROPN
dem-14899	236	2	,	,	PUNCT
dem-14899	236	3	r.	r.	PROPN
dem-14899	236	4	(	(	PUNCT
dem-14899	236	5	1993	1993	NUM
dem-14899	236	6	)	)	PUNCT
dem-14899	236	7	,	,	PUNCT
dem-14899	236	8	a	a	DET
dem-14899	236	9	general	general	ADJ
dem-14899	236	10	equilibrium	equilibrium	NOUN
dem-14899	236	11	model	model	NOUN
dem-14899	236	12	of	of	ADP
dem-14899	236	13	international	international	PROPN
dem-14899	236	14	portfolio	portfolio	NOUN
dem-14899	236	15	choice	choice	NOUN
dem-14899	236	16	,	,	PUNCT
dem-14899	236	17	journal	journal	NOUN
dem-14899	236	18	of	of	ADP
dem-14899	236	19	finance	finance	NOUN
dem-14899	236	20	,	,	PUNCT
dem-14899	236	21	48	48	NUM
dem-14899	236	22	,	,	PUNCT
dem-14899	236	23	529–553	529–553	NUM
dem-14899	236	24	,	,	PUNCT
dem-14899	236	25	doi	doi	NOUN
dem-14899	236	26	:	:	PUNCT
dem-14899	236	27	http://dx.doi.org/10.1111/j.1540-6261.1993.tb04726.x	http://dx.doi.org/10.1111/j.1540-6261.1993.tb04726.x	NUM
dem-14899	236	28	.	.	X
dem-14899	237	1	wang	wang	PROPN
dem-14899	237	2	,	,	PUNCT
dem-14899	237	3	p.	p.	NOUN
dem-14899	237	4	(	(	PUNCT
dem-14899	237	5	2000	2000	NUM
dem-14899	237	6	)	)	PUNCT
dem-14899	237	7	,	,	PUNCT
dem-14899	237	8	testing	test	VERB
dem-14899	237	9	ppp	ppp	NOUN
dem-14899	237	10	for	for	ADP
dem-14899	237	11	asian	asian	ADJ
dem-14899	237	12	economies	economy	NOUN
dem-14899	237	13	during	during	ADP
dem-14899	237	14	the	the	DET
dem-14899	237	15	recent	recent	ADJ
dem-14899	237	16	floating	float	VERB
dem-14899	237	17	period	period	NOUN
dem-14899	237	18	,	,	PUNCT
dem-14899	237	19	applied	apply	VERB
dem-14899	237	20	economics	economic	NOUN
dem-14899	237	21	letters	letter	NOUN
dem-14899	237	22	,	,	PUNCT
dem-14899	237	23	7	7	NUM
dem-14899	237	24	,	,	PUNCT
dem-14899	237	25	545–548	545–548	NUM
dem-14899	237	26	,	,	PUNCT
dem-14899	237	27	doi	doi	NOUN
dem-14899	237	28	:	:	PUNCT
dem-14899	237	29	http://dx.doi.org/10.1080/13504850050033355	http://dx.doi.org/10.1080/13504850050033355	PROPN
dem-14899	237	30	.	.	PUNCT
dem-14899	237	31	wdowiński	wdowiński	PROPN
dem-14899	237	32	,	,	PUNCT
dem-14899	237	33	p.	p.	NOUN
dem-14899	237	34	(	(	PUNCT
dem-14899	237	35	2010	2010	NUM
dem-14899	237	36	)	)	PUNCT
dem-14899	237	37	,	,	PUNCT
dem-14899	237	38	modele	modele	PROPN
dem-14899	237	39	kursów	kursów	PROPN
dem-14899	237	40	walutowych	walutowych	PROPN
dem-14899	237	41	,	,	PUNCT
dem-14899	237	42	wyd	wyd	PROPN
dem-14899	237	43	.	.	PROPN
dem-14899	237	44	uł	uł	PROPN
dem-14899	237	45	,	,	PUNCT
dem-14899	237	46	łódź	łódź	PROPN
dem-14899	237	47	.	.	PUNCT
dem-14899	238	1	wu	wu	PROPN
dem-14899	238	2	,	,	PUNCT
dem-14899	238	3	j.l	j.l	PROPN
dem-14899	238	4	.	.	PROPN
dem-14899	238	5	,	,	PUNCT
dem-14899	238	6	chen	chen	PROPN
dem-14899	238	7	,	,	PUNCT
dem-14899	238	8	p.d	p.d	PROPN
dem-14899	238	9	.	.	PROPN
dem-14899	238	10	(	(	PUNCT
dem-14899	238	11	2008	2008	NUM
dem-14899	238	12	)	)	PUNCT
dem-14899	238	13	,	,	PUNCT
dem-14899	238	14	a	a	DET
dem-14899	238	15	revisit	revisit	NOUN
dem-14899	238	16	on	on	ADP
dem-14899	238	17	dissecting	dissect	VERB
dem-14899	238	18	the	the	DET
dem-14899	238	19	ppp	ppp	NOUN
dem-14899	238	20	puzzle	puzzle	NOUN
dem-14899	238	21	:	:	PUNCT
dem-14899	238	22	evidence	evidence	NOUN
dem-14899	238	23	from	from	ADP
dem-14899	238	24	a	a	DET
dem-14899	238	25	nonlinear	nonlinear	ADJ
dem-14899	238	26	approach	approach	NOUN
dem-14899	238	27	,	,	PUNCT
dem-14899	238	28	economic	economic	ADJ
dem-14899	238	29	modelling	modelling	NOUN
dem-14899	238	30	,	,	PUNCT
dem-14899	238	31	25	25	NUM
dem-14899	238	32	,	,	PUNCT
dem-14899	238	33	684–695	684–695	NUM
dem-14899	238	34	,	,	PUNCT
dem-14899	238	35	doi	doi	NOUN
dem-14899	238	36	:	:	PUNCT
dem-14899	238	37	http://dx.doi.org/10.1016/j.econmod.2007.10.011	http://dx.doi.org/10.1016/j.econmod.2007.10.011	PROPN
dem-14899	238	38	.	.	PUNCT
dem-14899	239	1	http://dx.doi.org/10.1016/j.jimonfin.2010.03.002	http://dx.doi.org/10.1016/j.jimonfin.2010.03.002	PROPN
dem-14899	239	2	http://dx.doi.org/10.1016/j.jimonfin.2010.01.009	http://dx.doi.org/10.1016/j.jimonfin.2010.01.009	PROPN
dem-14899	239	3	http://dx.doi.org/10.1016/s0022-1996(96)01467-5	http://dx.doi.org/10.1016/s0022-1996(96)01467-5	PROPN
dem-14899	239	4	http://dx.doi.org/10.1016/j.jimonfin.2011.06.004	http://dx.doi.org/10.1016/j.jimonfin.2011.06.004	PROPN
dem-14899	239	5	http://doi.org/10.1007/s10368-007-0091-7	http://doi.org/10.1007/s10368-007-0091-7	NUM
dem-14899	239	6	http://dx.doi.org/10.1111/j.1540-6261.1995.tb04060.x	http://dx.doi.org/10.1111/j.1540-6261.1995.tb04060.x	PROPN
dem-14899	239	7	http://dx.doi.org/10.1111/j.1540-6261.1993.tb04726.x	http://dx.doi.org/10.1111/j.1540-6261.1993.tb04726.x	NUM
dem-14899	239	8	http://dx.doi.org/10.1016/j.econmod.2007.10.011	http://dx.doi.org/10.1016/j.econmod.2007.10.011	PROPN
dem-14899	239	9	adrian	adrian	PROPN
dem-14899	239	10	burda	burda	PROPN
dem-14899	239	11	,	,	PUNCT
dem-14899	239	12	błażej	błażej	PROPN
dem-14899	239	13	mazur	mazur	NOUN
dem-14899	239	14	,	,	PUNCT
dem-14899	239	15	mateusz	mateusz	PROPN
dem-14899	239	16	pipień	pipień	NOUN
dem-14899	239	17	dynamic	dynamic	ADJ
dem-14899	239	18	econometric	econometric	ADJ
dem-14899	239	19	models	model	NOUN
dem-14899	239	20	17	17	NUM
dem-14899	239	21	(	(	PUNCT
dem-14899	239	22	2017	2017	NUM
dem-14899	239	23	)	)	PUNCT
dem-14899	239	24	97–114	97–114	NUM
dem-14899	239	25	114	114	NUM
dem-14899	239	26	weryfikacja	weryfikacja	PROPN
dem-14899	239	27	hipotezy	hipotezy	PROPN
dem-14899	239	28	parytetu	parytetu	PROPN
dem-14899	239	29	sił	sił	PROPN
dem-14899	239	30	nabywczej	nabywczej	NOUN
dem-14899	239	31	dla	dla	NOUN
dem-14899	239	32	kursu	kursu	PROPN
dem-14899	239	33	walutowego	walutowego	PROPN
dem-14899	239	34	eur	eur	PROPN
dem-14899	239	35	/	/	SYM
dem-14899	239	36	pln	pln	PROPN
dem-14899	239	37	w	w	PROPN
dem-14899	239	38	ramach	ramach	NOUN
dem-14899	239	39	wektorowych	wektorowych	VERB
dem-14899	239	40	modeli	modeli	PROPN
dem-14899	239	41	korekty	korekty	PROPN
dem-14899	239	42	błędu	błędu	PROPN
dem-14899	239	43	z	z	PROPN
dem-14899	239	44	funkcją	funkcją	PROPN
dem-14899	239	45	wygładzonego	wygładzonego	PROPN
dem-14899	239	46	przejścia	przejścia	NOUN
dem-14899	239	47	(	(	PUNCT
dem-14899	239	48	estvecm	estvecm	PROPN
dem-14899	239	49	)	)	PUNCT
dem-14899	239	50	z	z	NOUN
dem-14899	240	1	a	a	DET
dem-14899	240	2	r	r	NOUN
dem-14899	240	3	y	y	PROPN
dem-14899	240	4	s	s	PROPN
dem-14899	240	5	t	t	NOUN
dem-14899	240	6	r	r	NOUN
dem-14899	240	7	e	e	PROPN
dem-14899	240	8	ś	ś	PROPN
dem-14899	240	9	c	c	PROPN
dem-14899	240	10	i.	i.	PROPN
dem-14899	240	11	celem	celem	PROPN
dem-14899	240	12	artykułu	artykułu	PROPN
dem-14899	240	13	jest	jest	PROPN
dem-14899	240	14	ocena	ocena	PROPN
dem-14899	240	15	empirycznych	empirycznych	PROPN
dem-14899	240	16	konsekwencji	konsekwencji	PROPN
dem-14899	240	17	narzucenia	narzucenia	PROPN
dem-14899	240	18	hipotezy	hipotezy	PROPN
dem-14899	240	19	ppp	ppp	PROPN
dem-14899	240	20	w	w	PROPN
dem-14899	240	21	formie	formie	PROPN
dem-14899	240	22	mocnej	mocnej	PROPN
dem-14899	240	23	(	(	PUNCT
dem-14899	240	24	ang	ang	INTJ
dem-14899	240	25	.	.	PUNCT
dem-14899	240	26	strong	strong	ADJ
dem-14899	240	27	-	-	PUNCT
dem-14899	240	28	form	form	NOUN
dem-14899	240	29	)	)	PUNCT
dem-14899	240	30	dla	dla	NOUN
dem-14899	240	31	kursu	kursu	PROPN
dem-14899	240	32	eur	eur	PROPN
dem-14899	240	33	/	/	SYM
dem-14899	240	34	pln	pln	PROPN
dem-14899	240	35	przy	przy	PROPN
dem-14899	240	36	wykorzystaniu	wykorzystaniu	PROPN
dem-14899	240	37	wybranych	wybranych	PROPN
dem-14899	240	38	modeli	modeli	PROPN
dem-14899	240	39	kointegracji	kointegracji	PROPN
dem-14899	240	40	nieliniowej	nieliniowej	PROPN
dem-14899	240	41	,	,	PUNCT
dem-14899	240	42	to	to	PART
dem-14899	240	43	jest	jest	VERB
dem-14899	240	44	modeli	modeli	PROPN
dem-14899	240	45	estvec	estvec	PROPN
dem-14899	240	46	.	.	PUNCT
dem-14899	241	1	zasadność	zasadność	PROPN
dem-14899	241	2	wykładniczej	wykładniczej	PROPN
dem-14899	241	3	funkcji	funkcji	PROPN
dem-14899	241	4	przejścia	przejścia	NOUN
dem-14899	241	5	dla	dla	NOUN
dem-14899	241	6	mechanizmu	mechanizmu	PROPN
dem-14899	241	7	korekty	korekty	VERB
dem-14899	241	8	błędu	błędu	PROPN
dem-14899	241	9	jest	jest	PROPN
dem-14899	241	10	testowana	testowana	PROPN
dem-14899	241	11	w	w	PROPN
dem-14899	241	12	odniesieniu	odniesieniu	PROPN
dem-14899	241	13	do	do	VERB
dem-14899	241	14	liniowego	liniowego	PROPN
dem-14899	241	15	modelu	modelu	PROPN
dem-14899	241	16	vec	vec	PROPN
dem-14899	241	17	.	.	PROPN
dem-14899	241	18	konkurencyjne	konkurencyjne	PROPN
dem-14899	241	19	modele	modele	PROPN
dem-14899	241	20	są	są	PROPN
dem-14899	241	21	porównywane	porównywane	PROPN
dem-14899	241	22	zarówno	zarówno	PROPN
dem-14899	241	23	pod	pod	PROPN
dem-14899	241	24	względem	względem	PROPN
dem-14899	241	25	dopasowania	dopasowania	NOUN
dem-14899	241	26	wewnątrz	wewnątrz	NOUN
dem-14899	241	27	próby	próby	VERB
dem-14899	241	28	,	,	PUNCT
dem-14899	241	29	jak	jak	PROPN
dem-14899	242	1	i	i	PROPN
dem-14899	242	2	zdolności	zdolności	PROPN
dem-14899	242	3	predyktywnych	predyktywnych	PROPN
dem-14899	242	4	.	.	PUNCT
dem-14899	243	1	wyniki	wyniki	PROPN
dem-14899	243	2	wspierają	wspierają	PROPN
dem-14899	243	3	mechanizm	mechanizm	PROPN
dem-14899	243	4	wygładzonego	wygładzonego	PROPN
dem-14899	243	5	przejścia	przejścia	PROPN
dem-14899	243	6	w	w	PROPN
dem-14899	243	7	składniku	składniku	PROPN
dem-14899	243	8	deterministycznym	deterministycznym	NOUN
dem-14899	243	9	.	.	PUNCT
dem-14899	244	1	żaden	żaden	PROPN
dem-14899	244	2	z	z	PROPN
dem-14899	244	3	modeli	modeli	PROPN
dem-14899	244	4	estvecm	estvecm	PROPN
dem-14899	244	5	nie	nie	PROPN
dem-14899	244	6	generuje	generuje	PROPN
dem-14899	244	7	systematycznie	systematycznie	PROPN
dem-14899	244	8	lepszych	lepszych	PROPN
dem-14899	244	9	prognoz	prognoz	PROPN
dem-14899	244	10	niż	niż	PROPN
dem-14899	244	11	liniowy	liniowy	PROPN
dem-14899	244	12	model	model	PROPN
dem-14899	244	13	vecm	vecm	PROPN
dem-14899	244	14	s	s	PROPN
dem-14899	244	15	ł	ł	PROPN
dem-14899	244	16	o	o	X
dem-14899	244	17	w	w	NOUN
dem-14899	244	18	a	a	DET
dem-14899	244	19	k	k	X
dem-14899	244	20	l	l	NOUN
dem-14899	244	21	u	u	NOUN
dem-14899	244	22	c	c	NOUN
dem-14899	244	23	z	z	NOUN
dem-14899	244	24	o	o	X
dem-14899	244	25	w	w	PROPN
dem-14899	244	26	e	e	PROPN
dem-14899	244	27	parytet	parytet	NOUN
dem-14899	244	28	siły	siły	PROPN
dem-14899	244	29	nabywczej	nabywczej	PROPN
dem-14899	244	30	;	;	PUNCT
dem-14899	244	31	estvecm	estvecm	PROPN
dem-14899	244	32	;	;	PUNCT
dem-14899	244	33	kointegracja	kointegracja	NOUN
dem-14899	244	34	;	;	PUNCT
dem-14899	244	35	prognozowanie	prognozowanie	NOUN
dem-14899	244	36	kursu	kursu	PROPN
dem-14899	244	37	walutowego	walutowego	NOUN
dem-14899	244	38	.	.	PUNCT