id	sid	tid	token	lemma	pos
eistud-12807	1	1	european	european	ADJ
eistud-12807	1	2	integrat	integrat	NOUN
eistud-12807	1	3	ion	ion	NOUN
eistud-12807	1	4	studies	study	NOUN
eistud-12807	1	5	2015/9	2015/9	NUM
eistud-12807	1	6	198	198	NUM
eistud-12807	1	7	submitted	submit	VERB
eistud-12807	1	8	04/2015	04/2015	NUM
eistud-12807	1	9	accepted	accept	VERB
eistud-12807	1	10	for	for	ADP
eistud-12807	1	11	publication	publication	NOUN
eistud-12807	1	12	07/2015	07/2015	X
eistud-12807	1	13	european	european	ADJ
eistud-12807	1	14	integration	integration	NOUN
eistud-12807	1	15	studies	study	NOUN
eistud-12807	1	16	no	no	INTJ
eistud-12807	1	17	.	.	NOUN
eistud-12807	1	18	9	9	NUM
eistud-12807	1	19	/	/	SYM
eistud-12807	1	20	2015	2015	NUM
eistud-12807	1	21	pp	pp	NOUN
eistud-12807	1	22	.	.	PUNCT
eistud-12807	2	1	198	198	NUM
eistud-12807	2	2	-	-	SYM
eistud-12807	2	3	206	206	NUM
eistud-12807	2	4	doi	doi	NOUN
eistud-12807	2	5	10.5755	10.5755	NUM
eistud-12807	2	6	/	/	SYM
eistud-12807	2	7	j01.eis.0.9.12807	j01.eis.0.9.12807	ADJ
eistud-12807	2	8	©	©	PROPN
eistud-12807	2	9	kaunas	kaunas	PROPN
eistud-12807	2	10	university	university	PROPN
eistud-12807	2	11	of	of	ADP
eistud-12807	2	12	technology	technology	NOUN
eistud-12807	2	13	cointegration	cointegration	NOUN
eistud-12807	2	14	of	of	ADP
eistud-12807	2	15	monetary	monetary	ADJ
eistud-12807	2	16	policy	policy	NOUN
eistud-12807	2	17	in	in	ADP
eistud-12807	2	18	gcc	gcc	NOUN
eistud-12807	2	19	countries	country	NOUN
eistud-12807	2	20	as	as	ADP
eistud-12807	2	21	measure	measure	NOUN
eistud-12807	2	22	of	of	ADP
eistud-12807	2	23	economic	economic	ADJ
eistud-12807	2	24	integration	integration	NOUN
eistud-12807	2	25	eis	eis	PROPN
eistud-12807	2	26	9/2015	9/2015	NUM
eistud-12807	2	27	abstract	abstract	ADJ
eistud-12807	2	28	cointegration	cointegration	NOUN
eistud-12807	2	29	of	of	ADP
eistud-12807	2	30	monetary	monetary	ADJ
eistud-12807	2	31	policy	policy	NOUN
eistud-12807	2	32	in	in	ADP
eistud-12807	2	33	gcc	gcc	NOUN
eistud-12807	2	34	countries	country	NOUN
eistud-12807	2	35	as	as	ADP
eistud-12807	2	36	measure	measure	NOUN
eistud-12807	2	37	of	of	ADP
eistud-12807	2	38	economic	economic	ADJ
eistud-12807	2	39	integration	integration	NOUN
eistud-12807	2	40	http://dx.doi.org/10.5755/j01.eis.0.9.12807	http://dx.doi.org/10.5755/j01.eis.0.9.12807	PROPN
eistud-12807	2	41	pawel	pawel	PROPN
eistud-12807	2	42	mlodkowski	mlodkowski	PROPN
eistud-12807	2	43	sohar	sohar	PROPN
eistud-12807	2	44	university	university	PROPN
eistud-12807	2	45	,	,	PUNCT
eistud-12807	2	46	p.o	p.o	PROPN
eistud-12807	2	47	box	box	PROPN
eistud-12807	2	48	44	44	NUM
eistud-12807	2	49	,	,	PUNCT
eistud-12807	2	50	al	al	PROPN
eistud-12807	2	51	jameah	jameah	PROPN
eistud-12807	2	52	street	street	PROPN
eistud-12807	2	53	,	,	PUNCT
eistud-12807	2	54	sohar	sohar	PROPN
eistud-12807	2	55	311	311	NUM
eistud-12807	3	1	,	,	PUNCT
eistud-12807	3	2	oman	oman	ADJ
eistud-12807	3	3	economic	economic	ADJ
eistud-12807	3	4	integration	integration	NOUN
eistud-12807	3	5	in	in	ADP
eistud-12807	3	6	the	the	DET
eistud-12807	3	7	world	world	NOUN
eistud-12807	3	8	is	be	AUX
eistud-12807	3	9	not	not	PART
eistud-12807	3	10	always	always	ADV
eistud-12807	3	11	an	an	DET
eistud-12807	3	12	explicit	explicit	ADJ
eistud-12807	3	13	and	and	CCONJ
eistud-12807	3	14	intentional	intentional	ADJ
eistud-12807	3	15	process	process	NOUN
eistud-12807	3	16	.	.	PUNCT
eistud-12807	4	1	for	for	ADP
eistud-12807	4	2	some	some	DET
eistud-12807	4	3	regions	region	NOUN
eistud-12807	4	4	we	we	PRON
eistud-12807	4	5	are	be	AUX
eistud-12807	4	6	able	able	ADJ
eistud-12807	4	7	to	to	PART
eistud-12807	4	8	observe	observe	VERB
eistud-12807	4	9	unintentional	unintentional	ADJ
eistud-12807	4	10	coordination	coordination	NOUN
eistud-12807	4	11	of	of	ADP
eistud-12807	4	12	economic	economic	ADJ
eistud-12807	4	13	policies	policy	NOUN
eistud-12807	4	14	that	that	PRON
eistud-12807	4	15	results	result	VERB
eistud-12807	4	16	from	from	ADP
eistud-12807	4	17	following	follow	VERB
eistud-12807	4	18	similar	similar	ADJ
eistud-12807	4	19	institutional	institutional	ADJ
eistud-12807	4	20	and	and	CCONJ
eistud-12807	4	21	legal	legal	ADJ
eistud-12807	4	22	solutions	solution	NOUN
eistud-12807	4	23	.	.	PUNCT
eistud-12807	5	1	one	one	NUM
eistud-12807	5	2	of	of	ADP
eistud-12807	5	3	such	such	ADJ
eistud-12807	5	4	cases	case	NOUN
eistud-12807	5	5	can	can	AUX
eistud-12807	5	6	be	be	AUX
eistud-12807	5	7	recognized	recognize	VERB
eistud-12807	5	8	in	in	ADP
eistud-12807	5	9	the	the	DET
eistud-12807	5	10	nominal	nominal	ADJ
eistud-12807	5	11	sector	sector	NOUN
eistud-12807	5	12	of	of	ADP
eistud-12807	5	13	the	the	DET
eistud-12807	5	14	national	national	ADJ
eistud-12807	5	15	economy	economy	NOUN
eistud-12807	5	16	.	.	PUNCT
eistud-12807	6	1	as	as	ADP
eistud-12807	6	2	a	a	DET
eistud-12807	6	3	consequence	consequence	NOUN
eistud-12807	6	4	,	,	PUNCT
eistud-12807	6	5	a	a	DET
eistud-12807	6	6	group	group	NOUN
eistud-12807	6	7	of	of	ADP
eistud-12807	6	8	countries	country	NOUN
eistud-12807	6	9	may	may	AUX
eistud-12807	6	10	be	be	AUX
eistud-12807	6	11	forming	form	VERB
eistud-12807	6	12	a	a	DET
eistud-12807	6	13	de	de	ADJ
eistud-12807	6	14	-	-	ADJ
eistud-12807	6	15	facto	facto	ADJ
eistud-12807	6	16	currency	currency	NOUN
eistud-12807	6	17	union	union	NOUN
eistud-12807	6	18	.	.	PUNCT
eistud-12807	7	1	it	it	PRON
eistud-12807	7	2	could	could	AUX
eistud-12807	7	3	alternatively	alternatively	ADV
eistud-12807	7	4	compose	compose	VERB
eistud-12807	7	5	an	an	DET
eistud-12807	7	6	oca	oca	NOUN
eistud-12807	7	7	without	without	ADP
eistud-12807	7	8	any	any	DET
eistud-12807	7	9	need	need	NOUN
eistud-12807	7	10	for	for	ADP
eistud-12807	7	11	forced	force	VERB
eistud-12807	7	12	nominal	nominal	ADJ
eistud-12807	7	13	convergence	convergence	NOUN
eistud-12807	7	14	.	.	PUNCT
eistud-12807	8	1	this	this	DET
eistud-12807	8	2	paper	paper	NOUN
eistud-12807	8	3	focuses	focus	VERB
eistud-12807	8	4	on	on	ADP
eistud-12807	8	5	monetary	monetary	ADJ
eistud-12807	8	6	policy	policy	NOUN
eistud-12807	8	7	stance	stance	NOUN
eistud-12807	8	8	and	and	CCONJ
eistud-12807	8	9	its	its	PRON
eistud-12807	8	10	developments	development	NOUN
eistud-12807	8	11	in	in	ADP
eistud-12807	8	12	the	the	DET
eistud-12807	8	13	period	period	NOUN
eistud-12807	8	14	from	from	ADP
eistud-12807	8	15	1981	1981	NUM
eistud-12807	8	16	to	to	ADP
eistud-12807	8	17	2013	2013	NUM
eistud-12807	8	18	of	of	ADP
eistud-12807	8	19	a	a	DET
eistud-12807	8	20	very	very	ADV
eistud-12807	8	21	special	special	ADJ
eistud-12807	8	22	group	group	NOUN
eistud-12807	8	23	of	of	ADP
eistud-12807	8	24	resource	resource	NOUN
eistud-12807	8	25	-	-	PUNCT
eistud-12807	8	26	based	base	VERB
eistud-12807	8	27	economies	economy	NOUN
eistud-12807	8	28	.	.	PUNCT
eistud-12807	9	1	the	the	DET
eistud-12807	9	2	gcc	gcc	NOUN
eistud-12807	9	3	countries	country	NOUN
eistud-12807	9	4	share	share	VERB
eistud-12807	9	5	many	many	ADJ
eistud-12807	9	6	similarities	similarity	NOUN
eistud-12807	9	7	in	in	ADP
eistud-12807	9	8	the	the	DET
eistud-12807	9	9	underlying	underlie	VERB
eistud-12807	9	10	exchange	exchange	NOUN
eistud-12807	9	11	rate	rate	NOUN
eistud-12807	9	12	regime	regime	NOUN
eistud-12807	9	13	solutions	solution	NOUN
eistud-12807	9	14	.	.	PUNCT
eistud-12807	10	1	they	they	PRON
eistud-12807	10	2	are	be	AUX
eistud-12807	10	3	in	in	ADP
eistud-12807	10	4	the	the	DET
eistud-12807	10	5	same	same	ADJ
eistud-12807	10	6	time	time	NOUN
eistud-12807	10	7	following	follow	VERB
eistud-12807	10	8	some	some	DET
eistud-12807	10	9	explicit	explicit	ADJ
eistud-12807	10	10	economic	economic	ADJ
eistud-12807	10	11	integration	integration	NOUN
eistud-12807	10	12	initiatives	initiative	NOUN
eistud-12807	10	13	.	.	PUNCT
eistud-12807	11	1	it	it	PRON
eistud-12807	11	2	happens	happen	VERB
eistud-12807	11	3	,	,	PUNCT
eistud-12807	11	4	however	however	ADV
eistud-12807	11	5	,	,	PUNCT
eistud-12807	11	6	that	that	SCONJ
eistud-12807	11	7	due	due	ADP
eistud-12807	11	8	to	to	ADP
eistud-12807	11	9	the	the	DET
eistud-12807	11	10	financial	financial	ADJ
eistud-12807	11	11	turmoil	turmoil	NOUN
eistud-12807	11	12	after	after	ADP
eistud-12807	11	13	2008	2008	NUM
eistud-12807	11	14	,	,	PUNCT
eistud-12807	11	15	many	many	ADJ
eistud-12807	11	16	of	of	ADP
eistud-12807	11	17	the	the	DET
eistud-12807	11	18	integration	integration	NOUN
eistud-12807	11	19	processes	process	NOUN
eistud-12807	11	20	have	have	AUX
eistud-12807	11	21	been	be	AUX
eistud-12807	11	22	reversed	reverse	VERB
eistud-12807	11	23	,	,	PUNCT
eistud-12807	11	24	or	or	CCONJ
eistud-12807	11	25	stopped	stop	VERB
eistud-12807	11	26	.	.	PUNCT
eistud-12807	12	1	an	an	DET
eistud-12807	12	2	empirical	empirical	ADJ
eistud-12807	12	3	research	research	NOUN
eistud-12807	12	4	tries	try	VERB
eistud-12807	12	5	to	to	PART
eistud-12807	12	6	answer	answer	VERB
eistud-12807	12	7	a	a	DET
eistud-12807	12	8	question	question	NOUN
eistud-12807	12	9	of	of	ADP
eistud-12807	12	10	the	the	DET
eistud-12807	12	11	extent	extent	NOUN
eistud-12807	12	12	to	to	PART
eistud-12807	12	13	which	which	PRON
eistud-12807	12	14	the	the	DET
eistud-12807	12	15	integration	integration	NOUN
eistud-12807	12	16	process	process	NOUN
eistud-12807	12	17	in	in	ADP
eistud-12807	12	18	nominal	nominal	ADJ
eistud-12807	12	19	sector	sector	NOUN
eistud-12807	12	20	has	have	AUX
eistud-12807	12	21	been	be	AUX
eistud-12807	12	22	developing	develop	VERB
eistud-12807	12	23	.	.	PUNCT
eistud-12807	13	1	for	for	ADP
eistud-12807	13	2	this	this	DET
eistud-12807	13	3	purpose	purpose	NOUN
eistud-12807	13	4	the	the	DET
eistud-12807	13	5	monetary	monetary	ADJ
eistud-12807	13	6	policy	policy	NOUN
eistud-12807	13	7	stance	stance	NOUN
eistud-12807	13	8	correlation	correlation	NOUN
eistud-12807	13	9	is	be	AUX
eistud-12807	13	10	measured	measure	VERB
eistud-12807	13	11	.	.	PUNCT
eistud-12807	14	1	observing	observe	VERB
eistud-12807	14	2	its	its	PRON
eistud-12807	14	3	developments	development	NOUN
eistud-12807	14	4	,	,	PUNCT
eistud-12807	14	5	with	with	ADP
eistud-12807	14	6	a	a	DET
eistud-12807	14	7	cointegration	cointegration	NOUN
eistud-12807	14	8	analysis	analysis	NOUN
eistud-12807	14	9	in	in	ADP
eistud-12807	14	10	a	a	DET
eistud-12807	14	11	standard	standard	ADJ
eistud-12807	14	12	(	(	PUNCT
eistud-12807	14	13	non	non	ADJ
eistud-12807	14	14	-	-	ADJ
eistud-12807	14	15	structural	structural	ADJ
eistud-12807	14	16	)	)	PUNCT
eistud-12807	14	17	var	var	NOUN
eistud-12807	14	18	model	model	NOUN
eistud-12807	14	19	,	,	PUNCT
eistud-12807	14	20	delivers	deliver	VERB
eistud-12807	14	21	interesting	interesting	ADJ
eistud-12807	14	22	insights	insight	NOUN
eistud-12807	14	23	into	into	ADP
eistud-12807	14	24	an	an	DET
eistud-12807	14	25	issue	issue	NOUN
eistud-12807	14	26	of	of	ADP
eistud-12807	14	27	the	the	DET
eistud-12807	14	28	gcc	gcc	NOUN
eistud-12807	14	29	as	as	ADP
eistud-12807	14	30	an	an	DET
eistud-12807	14	31	oca	oca	NOUN
eistud-12807	14	32	.	.	PUNCT
eistud-12807	15	1	with	with	ADP
eistud-12807	15	2	statistical	statistical	ADJ
eistud-12807	15	3	data	datum	NOUN
eistud-12807	15	4	provided	provide	VERB
eistud-12807	15	5	by	by	ADP
eistud-12807	15	6	the	the	DET
eistud-12807	15	7	world	world	PROPN
eistud-12807	15	8	bank	bank	PROPN
eistud-12807	15	9	(	(	PUNCT
eistud-12807	15	10	wdi	wdi	NOUN
eistud-12807	15	11	database	database	NOUN
eistud-12807	15	12	)	)	PUNCT
eistud-12807	15	13	it	it	PRON
eistud-12807	15	14	is	be	AUX
eistud-12807	15	15	possible	possible	ADJ
eistud-12807	15	16	to	to	PART
eistud-12807	15	17	observe	observe	VERB
eistud-12807	15	18	significant	significant	ADJ
eistud-12807	15	19	convergence	convergence	NOUN
eistud-12807	15	20	in	in	ADP
eistud-12807	15	21	monetary	monetary	ADJ
eistud-12807	15	22	policy	policy	NOUN
eistud-12807	15	23	stance	stance	NOUN
eistud-12807	15	24	among	among	ADP
eistud-12807	15	25	all	all	PRON
eistud-12807	15	26	but	but	SCONJ
eistud-12807	15	27	one	one	NUM
eistud-12807	15	28	of	of	ADP
eistud-12807	15	29	the	the	DET
eistud-12807	15	30	gcc	gcc	NOUN
eistud-12807	15	31	countries	country	NOUN
eistud-12807	15	32	.	.	PUNCT
eistud-12807	16	1	this	this	DET
eistud-12807	16	2	study	study	NOUN
eistud-12807	16	3	draws	draw	VERB
eistud-12807	16	4	attention	attention	NOUN
eistud-12807	16	5	to	to	ADP
eistud-12807	16	6	a	a	DET
eistud-12807	16	7	broader	broad	ADJ
eistud-12807	16	8	picture	picture	NOUN
eistud-12807	16	9	of	of	ADP
eistud-12807	16	10	a	a	DET
eistud-12807	16	11	region	region	NOUN
eistud-12807	16	12	that	that	PRON
eistud-12807	16	13	has	have	VERB
eistud-12807	16	14	potential	potential	NOUN
eistud-12807	16	15	of	of	ADP
eistud-12807	16	16	benefiting	benefit	VERB
eistud-12807	16	17	from	from	ADP
eistud-12807	16	18	a	a	DET
eistud-12807	16	19	common	common	ADJ
eistud-12807	16	20	market	market	NOUN
eistud-12807	16	21	.	.	PUNCT
eistud-12807	17	1	however	however	ADV
eistud-12807	17	2	,	,	PUNCT
eistud-12807	17	3	not	not	PART
eistud-12807	17	4	all	all	DET
eistud-12807	17	5	gcc	gcc	NOUN
eistud-12807	17	6	countries	country	NOUN
eistud-12807	17	7	seem	seem	VERB
eistud-12807	17	8	to	to	PART
eistud-12807	17	9	be	be	AUX
eistud-12807	17	10	suited	suit	VERB
eistud-12807	17	11	for	for	ADP
eistud-12807	17	12	economic	economic	ADJ
eistud-12807	17	13	integration	integration	NOUN
eistud-12807	17	14	in	in	ADP
eistud-12807	17	15	nominal	nominal	ADJ
eistud-12807	17	16	sector	sector	NOUN
eistud-12807	17	17	.	.	PUNCT
eistud-12807	18	1	it	it	PRON
eistud-12807	18	2	is	be	AUX
eistud-12807	18	3	bahrain	bahrain	NOUN
eistud-12807	18	4	that	that	PRON
eistud-12807	18	5	shows	show	VERB
eistud-12807	18	6	significant	significant	ADJ
eistud-12807	18	7	divergence	divergence	NOUN
eistud-12807	18	8	for	for	ADP
eistud-12807	18	9	the	the	DET
eistud-12807	18	10	whole	whole	ADJ
eistud-12807	18	11	period	period	NOUN
eistud-12807	18	12	covered	cover	VERB
eistud-12807	18	13	.	.	PUNCT
eistud-12807	19	1	there	there	PRON
eistud-12807	19	2	may	may	AUX
eistud-12807	19	3	be	be	AUX
eistud-12807	19	4	many	many	ADJ
eistud-12807	19	5	country	country	NOUN
eistud-12807	19	6	-	-	PUNCT
eistud-12807	19	7	specific	specific	ADJ
eistud-12807	19	8	factors	factor	NOUN
eistud-12807	19	9	,	,	PUNCT
eistud-12807	19	10	but	but	CCONJ
eistud-12807	19	11	persistence	persistence	NOUN
eistud-12807	19	12	of	of	ADP
eistud-12807	19	13	asymmetry	asymmetry	NOUN
eistud-12807	19	14	in	in	ADP
eistud-12807	19	15	monetary	monetary	ADJ
eistud-12807	19	16	policy	policy	NOUN
eistud-12807	19	17	in	in	ADP
eistud-12807	19	18	this	this	DET
eistud-12807	19	19	particular	particular	ADJ
eistud-12807	19	20	case	case	NOUN
eistud-12807	19	21	allows	allow	VERB
eistud-12807	19	22	for	for	ADP
eistud-12807	19	23	skeptical	skeptical	ADJ
eistud-12807	19	24	thoughts	thought	NOUN
eistud-12807	19	25	.	.	PUNCT
eistud-12807	20	1	if	if	SCONJ
eistud-12807	20	2	the	the	DET
eistud-12807	20	3	gcc	gcc	NOUN
eistud-12807	20	4	initiatives	initiative	NOUN
eistud-12807	20	5	are	be	AUX
eistud-12807	20	6	continued	continue	VERB
eistud-12807	20	7	,	,	PUNCT
eistud-12807	20	8	the	the	DET
eistud-12807	20	9	economic	economic	ADJ
eistud-12807	20	10	integration	integration	NOUN
eistud-12807	20	11	will	will	AUX
eistud-12807	20	12	be	be	AUX
eistud-12807	20	13	more	more	ADV
eistud-12807	20	14	challenging	challenging	ADJ
eistud-12807	20	15	in	in	ADP
eistud-12807	20	16	the	the	DET
eistud-12807	20	17	new	new	ADJ
eistud-12807	20	18	situation	situation	NOUN
eistud-12807	20	19	.	.	PUNCT
eistud-12807	21	1	as	as	SCONJ
eistud-12807	21	2	the	the	DET
eistud-12807	21	3	observed	observed	ADJ
eistud-12807	21	4	convergence	convergence	NOUN
eistud-12807	21	5	in	in	ADP
eistud-12807	21	6	monetary	monetary	ADJ
eistud-12807	21	7	policy	policy	NOUN
eistud-12807	21	8	stance	stance	NOUN
eistud-12807	21	9	has	have	AUX
eistud-12807	21	10	been	be	AUX
eistud-12807	21	11	present	present	ADJ
eistud-12807	21	12	from	from	ADP
eistud-12807	21	13	late	late	ADJ
eistud-12807	21	14	1970s	1970	NOUN
eistud-12807	21	15	one	one	PRON
eistud-12807	21	16	could	could	AUX
eistud-12807	21	17	suggest	suggest	VERB
eistud-12807	21	18	that	that	SCONJ
eistud-12807	21	19	it	it	PRON
eistud-12807	21	20	could	could	AUX
eistud-12807	21	21	have	have	AUX
eistud-12807	21	22	been	be	AUX
eistud-12807	21	23	a	a	DET
eistud-12807	21	24	non	non	ADJ
eistud-12807	21	25	-	-	ADJ
eistud-12807	21	26	intentional	intentional	ADJ
eistud-12807	21	27	process	process	NOUN
eistud-12807	21	28	,	,	PUNCT
eistud-12807	21	29	but	but	CCONJ
eistud-12807	21	30	a	a	DET
eistud-12807	21	31	result	result	NOUN
eistud-12807	21	32	of	of	ADP
eistud-12807	21	33	similar	similar	ADJ
eistud-12807	21	34	exchange	exchange	NOUN
eistud-12807	21	35	rate	rate	NOUN
eistud-12807	21	36	regimes	regime	NOUN
eistud-12807	21	37	.	.	PUNCT
eistud-12807	22	1	however	however	ADV
eistud-12807	22	2	,	,	PUNCT
eistud-12807	22	3	the	the	DET
eistud-12807	22	4	latter	latter	ADJ
eistud-12807	22	5	divergence	divergence	NOUN
eistud-12807	22	6	has	have	AUX
eistud-12807	22	7	been	be	AUX
eistud-12807	22	8	a	a	DET
eistud-12807	22	9	result	result	NOUN
eistud-12807	22	10	of	of	ADP
eistud-12807	22	11	conscious	conscious	ADJ
eistud-12807	22	12	changes	change	NOUN
eistud-12807	22	13	in	in	ADP
eistud-12807	22	14	the	the	DET
eistud-12807	22	15	economic	economic	ADJ
eistud-12807	22	16	policies	policy	NOUN
eistud-12807	22	17	that	that	PRON
eistud-12807	22	18	affect	affect	VERB
eistud-12807	22	19	the	the	DET
eistud-12807	22	20	nominal	nominal	ADJ
eistud-12807	22	21	sector	sector	NOUN
eistud-12807	22	22	.	.	PUNCT
eistud-12807	23	1	keywords	keyword	NOUN
eistud-12807	23	2	:	:	PUNCT
eistud-12807	23	3	monetary	monetary	ADJ
eistud-12807	23	4	policy	policy	NOUN
eistud-12807	23	5	,	,	PUNCT
eistud-12807	23	6	monetary	monetary	ADJ
eistud-12807	23	7	integration	integration	NOUN
eistud-12807	23	8	,	,	PUNCT
eistud-12807	23	9	gcc	gcc	NOUN
eistud-12807	23	10	,	,	PUNCT
eistud-12807	23	11	economic	economic	ADJ
eistud-12807	23	12	integration	integration	NOUN
eistud-12807	23	13	,	,	PUNCT
eistud-12807	23	14	mpsi	mpsi	NOUN
eistud-12807	23	15	.	.	PUNCT
eistud-12807	24	1	in	in	ADP
eistud-12807	24	2	today	today	NOUN
eistud-12807	24	3	’s	’s	PART
eistud-12807	24	4	globalized	globalize	VERB
eistud-12807	24	5	and	and	CCONJ
eistud-12807	24	6	increasingly	increasingly	ADV
eistud-12807	24	7	integrated	integrated	ADJ
eistud-12807	24	8	world	world	NOUN
eistud-12807	24	9	,	,	PUNCT
eistud-12807	24	10	another	another	DET
eistud-12807	24	11	issue	issue	NOUN
eistud-12807	24	12	emerges	emerge	VERB
eistud-12807	24	13	–	–	PUNCT
eistud-12807	24	14	the	the	DET
eistud-12807	24	15	consequences	consequence	NOUN
eistud-12807	24	16	of	of	ADP
eistud-12807	24	17	economic	economic	ADJ
eistud-12807	24	18	stability	stability	NOUN
eistud-12807	24	19	and	and	CCONJ
eistud-12807	24	20	the	the	DET
eistud-12807	24	21	efficiency	efficiency	NOUN
eistud-12807	24	22	of	of	ADP
eistud-12807	24	23	monetary	monetary	ADJ
eistud-12807	24	24	policy	policy	NOUN
eistud-12807	24	25	flowing	flow	VERB
eistud-12807	24	26	from	from	ADP
eistud-12807	24	27	developments	development	NOUN
eistud-12807	24	28	in	in	ADP
eistud-12807	24	29	relative	relative	ADJ
eistud-12807	24	30	restrictiveness	restrictiveness	NOUN
eistud-12807	24	31	domestically	domestically	ADV
eistud-12807	24	32	and	and	CCONJ
eistud-12807	24	33	globally	globally	ADV
eistud-12807	24	34	.	.	PUNCT
eistud-12807	25	1	capital	capital	NOUN
eistud-12807	25	2	flows	flow	NOUN
eistud-12807	25	3	are	be	AUX
eistud-12807	25	4	no	no	ADV
eistud-12807	25	5	longer	long	ADV
eistud-12807	25	6	restricted	restrict	VERB
eistud-12807	25	7	due	due	ADJ
eistud-12807	25	8	to	to	ADP
eistud-12807	25	9	liberalized	liberalize	VERB
eistud-12807	25	10	balance	balance	NOUN
eistud-12807	25	11	-	-	PUNCT
eistud-12807	25	12	of	of	ADP
eistud-12807	25	13	-	-	PUNCT
eistud-12807	25	14	payments	payment	NOUN
eistud-12807	25	15	accounts	account	NOUN
eistud-12807	25	16	.	.	PUNCT
eistud-12807	26	1	international	international	ADJ
eistud-12807	26	2	capital	capital	NOUN
eistud-12807	26	3	movements	movement	NOUN
eistud-12807	26	4	are	be	AUX
eistud-12807	26	5	driven	drive	VERB
eistud-12807	26	6	by	by	ADP
eistud-12807	26	7	differences	difference	NOUN
eistud-12807	26	8	in	in	ADP
eistud-12807	26	9	the	the	DET
eistud-12807	26	10	rates	rate	NOUN
eistud-12807	26	11	of	of	ADP
eistud-12807	26	12	return	return	NOUN
eistud-12807	26	13	between	between	ADP
eistud-12807	26	14	domestic	domestic	ADJ
eistud-12807	26	15	and	and	CCONJ
eistud-12807	26	16	foreign	foreign	ADJ
eistud-12807	26	17	assets	asset	NOUN
eistud-12807	26	18	,	,	PUNCT
eistud-12807	26	19	with	with	ADP
eistud-12807	26	20	the	the	DET
eistud-12807	26	21	former	former	ADJ
eistud-12807	26	22	being	being	NOUN
eistud-12807	26	23	,	,	PUNCT
eistud-12807	26	24	to	to	ADP
eistud-12807	26	25	some	some	DET
eistud-12807	26	26	degree	degree	NOUN
eistud-12807	26	27	,	,	PUNCT
eistud-12807	26	28	influenced	influence	VERB
eistud-12807	26	29	by	by	ADP
eistud-12807	26	30	domestic	domestic	ADJ
eistud-12807	26	31	monetary	monetary	ADJ
eistud-12807	26	32	policy	policy	NOUN
eistud-12807	26	33	.	.	PUNCT
eistud-12807	27	1	this	this	PRON
eistud-12807	27	2	may	may	AUX
eistud-12807	27	3	have	have	VERB
eistud-12807	27	4	a	a	DET
eistud-12807	27	5	blurring	blur	VERB
eistud-12807	27	6	effect	effect	NOUN
eistud-12807	27	7	on	on	ADP
eistud-12807	27	8	any	any	DET
eistud-12807	27	9	study	study	NOUN
eistud-12807	27	10	trying	try	VERB
eistud-12807	27	11	to	to	PART
eistud-12807	27	12	identify	identify	VERB
eistud-12807	27	13	the	the	DET
eistud-12807	27	14	international	international	ADJ
eistud-12807	27	15	coordination	coordination	NOUN
eistud-12807	27	16	of	of	ADP
eistud-12807	27	17	monetary	monetary	ADJ
eistud-12807	27	18	policy	policy	NOUN
eistud-12807	27	19	in	in	ADP
eistud-12807	27	20	a	a	DET
eistud-12807	27	21	small	small	ADJ
eistud-12807	27	22	open	open	ADJ
eistud-12807	27	23	economy	economy	NOUN
eistud-12807	27	24	.	.	PUNCT
eistud-12807	28	1	therefore	therefore	ADV
eistud-12807	28	2	,	,	PUNCT
eistud-12807	28	3	a	a	DET
eistud-12807	28	4	new	new	ADJ
eistud-12807	28	5	instrument	instrument	NOUN
eistud-12807	28	6	is	be	AUX
eistud-12807	28	7	required	require	VERB
eistud-12807	28	8	to	to	PART
eistud-12807	28	9	capture	capture	VERB
eistud-12807	28	10	restrictiveness	restrictiveness	ADJ
eistud-12807	28	11	developments	development	NOUN
eistud-12807	28	12	for	for	ADP
eistud-12807	28	13	international	international	ADJ
eistud-12807	28	14	comparative	comparative	ADJ
eistud-12807	28	15	studies	study	NOUN
eistud-12807	28	16	and	and	CCONJ
eistud-12807	28	17	economic	economic	ADJ
eistud-12807	28	18	integration	integration	NOUN
eistud-12807	28	19	studies	study	NOUN
eistud-12807	28	20	.	.	PUNCT
eistud-12807	29	1	this	this	PRON
eistud-12807	29	2	is	be	AUX
eistud-12807	29	3	one	one	NUM
eistud-12807	29	4	of	of	ADP
eistud-12807	29	5	reasons	reason	NOUN
eistud-12807	29	6	for	for	ADP
eistud-12807	29	7	introduction	introduction	NOUN
eistud-12807	29	8	199	199	NUM
eistud-12807	29	9	european	european	ADJ
eistud-12807	29	10	integrat	integrat	NOUN
eistud-12807	29	11	ion	ion	NOUN
eistud-12807	29	12	studies	study	NOUN
eistud-12807	29	13	2015/9	2015/9	NUM
eistud-12807	29	14	studying	study	VERB
eistud-12807	29	15	monetary	monetary	ADJ
eistud-12807	29	16	developments	development	NOUN
eistud-12807	29	17	in	in	ADP
eistud-12807	29	18	more	more	ADJ
eistud-12807	29	19	than	than	ADP
eistud-12807	29	20	one	one	NUM
eistud-12807	29	21	country	country	NOUN
eistud-12807	29	22	.	.	PUNCT
eistud-12807	30	1	this	this	DET
eistud-12807	30	2	approach	approach	NOUN
eistud-12807	30	3	is	be	AUX
eistud-12807	30	4	intended	intend	VERB
eistud-12807	30	5	for	for	ADP
eistud-12807	30	6	both	both	PRON
eistud-12807	30	7	policy	policy	NOUN
eistud-12807	30	8	analysis	analysis	NOUN
eistud-12807	30	9	and	and	CCONJ
eistud-12807	30	10	formulation	formulation	NOUN
eistud-12807	30	11	and	and	CCONJ
eistud-12807	30	12	for	for	ADP
eistud-12807	30	13	testing	test	VERB
eistud-12807	30	14	the	the	DET
eistud-12807	30	15	channels	channel	NOUN
eistud-12807	30	16	of	of	ADP
eistud-12807	30	17	monetary	monetary	ADJ
eistud-12807	30	18	policy	policy	NOUN
eistud-12807	30	19	transmission	transmission	NOUN
eistud-12807	30	20	in	in	ADP
eistud-12807	30	21	the	the	DET
eistud-12807	30	22	globalized	globalized	ADJ
eistud-12807	30	23	world	world	NOUN
eistud-12807	30	24	.	.	PUNCT
eistud-12807	31	1	the	the	DET
eistud-12807	31	2	following	follow	VERB
eistud-12807	31	3	study	study	NOUN
eistud-12807	31	4	on	on	ADP
eistud-12807	31	5	the	the	DET
eistud-12807	31	6	similarity	similarity	NOUN
eistud-12807	31	7	in	in	ADP
eistud-12807	31	8	monetary	monetary	ADJ
eistud-12807	31	9	policy	policy	NOUN
eistud-12807	31	10	stance	stance	NOUN
eistud-12807	31	11	shall	shall	AUX
eistud-12807	31	12	fill	fill	VERB
eistud-12807	31	13	the	the	DET
eistud-12807	31	14	gap	gap	NOUN
eistud-12807	31	15	in	in	ADP
eistud-12807	31	16	the	the	DET
eistud-12807	31	17	literature	literature	NOUN
eistud-12807	31	18	on	on	ADP
eistud-12807	31	19	the	the	DET
eistud-12807	31	20	gcc	gcc	NOUN
eistud-12807	31	21	countries	country	NOUN
eistud-12807	31	22	as	as	ADP
eistud-12807	31	23	the	the	DET
eistud-12807	31	24	oca	oca	NOUN
eistud-12807	31	25	.	.	PUNCT
eistud-12807	32	1	the	the	DET
eistud-12807	32	2	efficiency	efficiency	NOUN
eistud-12807	32	3	of	of	ADP
eistud-12807	32	4	monetary	monetary	ADJ
eistud-12807	32	5	policy	policy	NOUN
eistud-12807	32	6	in	in	ADP
eistud-12807	32	7	achieving	achieve	VERB
eistud-12807	32	8	its	its	PRON
eistud-12807	32	9	goals	goal	NOUN
eistud-12807	32	10	requires	require	VERB
eistud-12807	32	11	knowledge	knowledge	NOUN
eistud-12807	32	12	of	of	ADP
eistud-12807	32	13	variables	variable	NOUN
eistud-12807	32	14	influencing	influence	VERB
eistud-12807	32	15	private	private	ADJ
eistud-12807	32	16	agents	agent	NOUN
eistud-12807	32	17	’	'	PUNCT
eistud-12807	32	18	reaction	reaction	NOUN
eistud-12807	32	19	to	to	ADP
eistud-12807	32	20	changes	change	NOUN
eistud-12807	32	21	in	in	ADP
eistud-12807	32	22	monetary	monetary	ADJ
eistud-12807	32	23	policy	policy	NOUN
eistud-12807	32	24	stance	stance	NOUN
eistud-12807	32	25	they	they	PRON
eistud-12807	32	26	perceive	perceive	VERB
eistud-12807	32	27	.	.	PUNCT
eistud-12807	33	1	these	these	DET
eistud-12807	33	2	variables	variable	NOUN
eistud-12807	33	3	are	be	AUX
eistud-12807	33	4	very	very	ADV
eistud-12807	33	5	often	often	ADV
eistud-12807	33	6	perceived	perceive	VERB
eistud-12807	33	7	as	as	ADP
eistud-12807	33	8	characteristics	characteristic	NOUN
eistud-12807	33	9	of	of	ADP
eistud-12807	33	10	the	the	DET
eistud-12807	33	11	financial	financial	ADJ
eistud-12807	33	12	sector	sector	NOUN
eistud-12807	33	13	(	(	PUNCT
eistud-12807	33	14	bernanke	bernanke	ADJ
eistud-12807	33	15	and	and	CCONJ
eistud-12807	33	16	blinder	blinder	NOUN
eistud-12807	33	17	,	,	PUNCT
eistud-12807	33	18	1992	1992	NUM
eistud-12807	33	19	,	,	PUNCT
eistud-12807	33	20	kashyap	kashyap	PROPN
eistud-12807	33	21	and	and	CCONJ
eistud-12807	33	22	stein	stein	PROPN
eistud-12807	33	23	,	,	PUNCT
eistud-12807	33	24	2000	2000	NUM
eistud-12807	33	25	)	)	PUNCT
eistud-12807	33	26	or	or	CCONJ
eistud-12807	33	27	features	feature	NOUN
eistud-12807	33	28	of	of	ADP
eistud-12807	33	29	the	the	DET
eistud-12807	33	30	non	non	ADJ
eistud-12807	33	31	-	-	ADJ
eistud-12807	33	32	financial	financial	ADJ
eistud-12807	33	33	sector	sector	NOUN
eistud-12807	33	34	entities	entity	NOUN
eistud-12807	33	35	(	(	PUNCT
eistud-12807	33	36	bernanke	bernanke	PROPN
eistud-12807	33	37	and	and	CCONJ
eistud-12807	33	38	gertler	gertler	NOUN
eistud-12807	33	39	,	,	PUNCT
eistud-12807	33	40	1995	1995	NUM
eistud-12807	33	41	,	,	PUNCT
eistud-12807	33	42	gertler	gertler	NOUN
eistud-12807	33	43	and	and	CCONJ
eistud-12807	33	44	gilchrist	gilchrist	NOUN
eistud-12807	33	45	,	,	PUNCT
eistud-12807	33	46	1994	1994	NUM
eistud-12807	33	47	)	)	PUNCT
eistud-12807	33	48	.	.	PUNCT
eistud-12807	34	1	there	there	PRON
eistud-12807	34	2	is	be	VERB
eistud-12807	34	3	a	a	DET
eistud-12807	34	4	wide	wide	ADJ
eistud-12807	34	5	variety	variety	NOUN
eistud-12807	34	6	of	of	ADP
eistud-12807	34	7	monetary	monetary	ADJ
eistud-12807	34	8	policy	policy	NOUN
eistud-12807	34	9	assessment	assessment	NOUN
eistud-12807	34	10	methodologies	methodology	NOUN
eistud-12807	34	11	.	.	PUNCT
eistud-12807	35	1	some	some	PRON
eistud-12807	35	2	are	be	AUX
eistud-12807	35	3	based	base	VERB
eistud-12807	35	4	on	on	ADP
eistud-12807	35	5	market	market	NOUN
eistud-12807	35	6	interest	interest	NOUN
eistud-12807	35	7	rates	rate	NOUN
eistud-12807	35	8	prevailing	prevail	VERB
eistud-12807	35	9	in	in	ADP
eistud-12807	35	10	the	the	DET
eistud-12807	35	11	economy	economy	NOUN
eistud-12807	35	12	(	(	PUNCT
eistud-12807	35	13	ng	ng	PROPN
eistud-12807	35	14	,	,	PUNCT
eistud-12807	35	15	smith	smith	PROPN
eistud-12807	35	16	,	,	PUNCT
eistud-12807	35	17	and	and	CCONJ
eistud-12807	35	18	smith	smith	PROPN
eistud-12807	35	19	,	,	PUNCT
eistud-12807	35	20	1999	1999	NUM
eistud-12807	35	21	)	)	PUNCT
eistud-12807	35	22	or	or	CCONJ
eistud-12807	35	23	in	in	ADP
eistud-12807	35	24	a	a	DET
eistud-12807	35	25	specific	specific	ADJ
eistud-12807	35	26	market	market	NOUN
eistud-12807	35	27	(	(	PUNCT
eistud-12807	35	28	goodfriend	goodfriend	NOUN
eistud-12807	35	29	,	,	PUNCT
eistud-12807	35	30	1993	1993	NUM
eistud-12807	35	31	)	)	PUNCT
eistud-12807	35	32	or	or	CCONJ
eistud-12807	35	33	focus	focus	VERB
eistud-12807	35	34	on	on	ADP
eistud-12807	35	35	specific	specific	ADJ
eistud-12807	35	36	market	market	NOUN
eistud-12807	35	37	rates	rate	NOUN
eistud-12807	35	38	(	(	PUNCT
eistud-12807	35	39	nilsen	nilsen	PROPN
eistud-12807	35	40	,	,	PUNCT
eistud-12807	35	41	2002	2002	NUM
eistud-12807	35	42	)	)	PUNCT
eistud-12807	35	43	.	.	PUNCT
eistud-12807	36	1	other	other	ADJ
eistud-12807	36	2	make	make	VERB
eistud-12807	36	3	use	use	NOUN
eistud-12807	36	4	of	of	ADP
eistud-12807	36	5	information	information	NOUN
eistud-12807	36	6	included	include	VERB
eistud-12807	36	7	in	in	ADP
eistud-12807	36	8	monetary	monetary	ADJ
eistud-12807	36	9	aggregates	aggregate	NOUN
eistud-12807	36	10	and	and	CCONJ
eistud-12807	36	11	in	in	ADP
eistud-12807	36	12	their	their	PRON
eistud-12807	36	13	rates	rate	NOUN
eistud-12807	36	14	of	of	ADP
eistud-12807	36	15	change	change	NOUN
eistud-12807	36	16	(	(	PUNCT
eistud-12807	36	17	abell	abell	PROPN
eistud-12807	36	18	,	,	PUNCT
eistud-12807	36	19	1991	1991	NUM
eistud-12807	36	20	)	)	PUNCT
eistud-12807	36	21	.	.	PUNCT
eistud-12807	37	1	another	another	DET
eistud-12807	37	2	appraised	appraise	VERB
eistud-12807	37	3	method	method	NOUN
eistud-12807	37	4	uses	use	VERB
eistud-12807	37	5	non	non	ADJ
eistud-12807	37	6	-	-	ADJ
eistud-12807	37	7	borrowed	borrow	VERB
eistud-12807	37	8	reserves	reserve	NOUN
eistud-12807	37	9	(	(	PUNCT
eistud-12807	37	10	bernanke	bernanke	PROPN
eistud-12807	37	11	and	and	CCONJ
eistud-12807	37	12	mihov	mihov	PROPN
eistud-12807	37	13	,	,	PUNCT
eistud-12807	37	14	1998	1998	NUM
eistud-12807	37	15	)	)	PUNCT
eistud-12807	37	16	.	.	PUNCT
eistud-12807	38	1	bernanke	bernanke	PROPN
eistud-12807	38	2	and	and	CCONJ
eistud-12807	38	3	mihov	mihov	PROPN
eistud-12807	38	4	(	(	PUNCT
eistud-12807	38	5	1998	1998	NUM
eistud-12807	38	6	)	)	PUNCT
eistud-12807	38	7	point	point	VERB
eistud-12807	38	8	out	out	ADP
eistud-12807	38	9	the	the	DET
eistud-12807	38	10	need	need	NOUN
eistud-12807	38	11	to	to	PART
eistud-12807	38	12	consider	consider	VERB
eistud-12807	38	13	money	money	NOUN
eistud-12807	38	14	supply	supply	NOUN
eistud-12807	38	15	jointly	jointly	ADV
eistud-12807	38	16	with	with	ADP
eistud-12807	38	17	money	money	NOUN
eistud-12807	38	18	demand	demand	NOUN
eistud-12807	38	19	.	.	PUNCT
eistud-12807	39	1	this	this	PRON
eistud-12807	39	2	is	be	AUX
eistud-12807	39	3	what	what	PRON
eistud-12807	39	4	the	the	DET
eistud-12807	39	5	mpsi	mpsi	NOUN
eistud-12807	39	6	methodology	methodology	NOUN
eistud-12807	39	7	offers	offer	VERB
eistud-12807	39	8	.	.	PUNCT
eistud-12807	40	1	an	an	DET
eistud-12807	40	2	index	index	NOUN
eistud-12807	40	3	,	,	PUNCT
eistud-12807	40	4	like	like	ADP
eistud-12807	40	5	the	the	DET
eistud-12807	40	6	mci	mci	PROPN
eistud-12807	40	7	approach	approach	NOUN
eistud-12807	40	8	(	(	PUNCT
eistud-12807	40	9	freedman	freedman	PROPN
eistud-12807	40	10	,	,	PUNCT
eistud-12807	40	11	1994	1994	NUM
eistud-12807	40	12	)	)	PUNCT
eistud-12807	40	13	,	,	PUNCT
eistud-12807	40	14	is	be	AUX
eistud-12807	40	15	also	also	ADV
eistud-12807	40	16	very	very	ADV
eistud-12807	40	17	popular	popular	ADJ
eistud-12807	40	18	.	.	PUNCT
eistud-12807	41	1	a	a	DET
eistud-12807	41	2	separate	separate	ADJ
eistud-12807	41	3	group	group	NOUN
eistud-12807	41	4	of	of	ADP
eistud-12807	41	5	measures	measure	NOUN
eistud-12807	41	6	is	be	AUX
eistud-12807	41	7	based	base	VERB
eistud-12807	41	8	on	on	ADP
eistud-12807	41	9	the	the	DET
eistud-12807	41	10	“	"	PUNCT
eistud-12807	41	11	narrative	narrative	NOUN
eistud-12807	41	12	approach	approach	NOUN
eistud-12807	41	13	”	"	PUNCT
eistud-12807	41	14	(	(	PUNCT
eistud-12807	41	15	friedman	friedman	NOUN
eistud-12807	41	16	and	and	CCONJ
eistud-12807	41	17	schwartz	schwartz	PROPN
eistud-12807	41	18	,	,	PUNCT
eistud-12807	41	19	1963	1963	NUM
eistud-12807	41	20	,	,	PUNCT
eistud-12807	41	21	romer	romer	NOUN
eistud-12807	41	22	and	and	CCONJ
eistud-12807	41	23	romer	romer	NOUN
eistud-12807	41	24	,	,	PUNCT
eistud-12807	41	25	1989	1989	NUM
eistud-12807	41	26	,	,	PUNCT
eistud-12807	41	27	boschen	boschen	ADJ
eistud-12807	41	28	and	and	CCONJ
eistud-12807	41	29	mills	mill	NOUN
eistud-12807	41	30	,	,	PUNCT
eistud-12807	41	31	1991	1991	NUM
eistud-12807	41	32	)	)	PUNCT
eistud-12807	41	33	.	.	PUNCT
eistud-12807	42	1	in	in	ADP
eistud-12807	42	2	this	this	DET
eistud-12807	42	3	case	case	NOUN
eistud-12807	42	4	the	the	DET
eistud-12807	42	5	timing	timing	NOUN
eistud-12807	42	6	of	of	ADP
eistud-12807	42	7	monetary	monetary	ADJ
eistud-12807	42	8	impulses	impulse	NOUN
eistud-12807	42	9	(	(	PUNCT
eistud-12807	42	10	but	but	CCONJ
eistud-12807	42	11	not	not	PART
eistud-12807	42	12	their	their	PRON
eistud-12807	42	13	strength	strength	NOUN
eistud-12807	42	14	)	)	PUNCT
eistud-12807	42	15	is	be	AUX
eistud-12807	42	16	recognized	recognize	VERB
eistud-12807	42	17	and	and	CCONJ
eistud-12807	42	18	search	search	VERB
eistud-12807	42	19	for	for	ADP
eistud-12807	42	20	responses	response	NOUN
eistud-12807	42	21	of	of	ADP
eistud-12807	42	22	real	real	ADJ
eistud-12807	42	23	variables	variable	NOUN
eistud-12807	42	24	follows	follow	VERB
eistud-12807	42	25	.	.	PUNCT
eistud-12807	43	1	there	there	PRON
eistud-12807	43	2	is	be	VERB
eistud-12807	43	3	an	an	DET
eistud-12807	43	4	eclectic	eclectic	ADJ
eistud-12807	43	5	approach	approach	NOUN
eistud-12807	43	6	too	too	ADV
eistud-12807	43	7	.	.	PUNCT
eistud-12807	44	1	it	it	PRON
eistud-12807	44	2	uses	use	VERB
eistud-12807	44	3	a	a	DET
eistud-12807	44	4	combination	combination	NOUN
eistud-12807	44	5	of	of	ADP
eistud-12807	44	6	several	several	ADJ
eistud-12807	44	7	of	of	ADP
eistud-12807	44	8	the	the	DET
eistud-12807	44	9	aforementioned	aforementioned	ADJ
eistud-12807	44	10	methods	method	NOUN
eistud-12807	44	11	to	to	PART
eistud-12807	44	12	recognize	recognize	VERB
eistud-12807	44	13	and	and	CCONJ
eistud-12807	44	14	measure	measure	VERB
eistud-12807	44	15	monetary	monetary	ADJ
eistud-12807	44	16	shocks	shock	NOUN
eistud-12807	44	17	(	(	PUNCT
eistud-12807	44	18	christiano	christiano	PROPN
eistud-12807	44	19	,	,	PUNCT
eistud-12807	44	20	eichenbaum	eichenbaum	PROPN
eistud-12807	44	21	,	,	PUNCT
eistud-12807	44	22	evans	evans	PROPN
eistud-12807	44	23	,	,	PUNCT
eistud-12807	44	24	1996	1996	NUM
eistud-12807	44	25	,	,	PUNCT
eistud-12807	44	26	kashyap	kashyap	PROPN
eistud-12807	44	27	and	and	CCONJ
eistud-12807	44	28	stein	stein	PROPN
eistud-12807	44	29	,	,	PUNCT
eistud-12807	44	30	2000	2000	NUM
eistud-12807	44	31	)	)	PUNCT
eistud-12807	44	32	.	.	PUNCT
eistud-12807	45	1	however	however	ADV
eistud-12807	45	2	,	,	PUNCT
eistud-12807	45	3	some	some	PRON
eistud-12807	45	4	of	of	ADP
eistud-12807	45	5	variables	variable	NOUN
eistud-12807	45	6	that	that	PRON
eistud-12807	45	7	are	be	AUX
eistud-12807	45	8	used	use	VERB
eistud-12807	45	9	to	to	PART
eistud-12807	45	10	measure	measure	VERB
eistud-12807	45	11	monetary	monetary	ADJ
eistud-12807	45	12	policy	policy	NOUN
eistud-12807	45	13	stance	stance	NOUN
eistud-12807	45	14	are	be	AUX
eistud-12807	45	15	not	not	PART
eistud-12807	45	16	free	free	ADJ
eistud-12807	45	17	from	from	ADP
eistud-12807	45	18	the	the	DET
eistud-12807	45	19	problem	problem	NOUN
eistud-12807	45	20	of	of	ADP
eistud-12807	45	21	endogenous	endogenous	ADJ
eistud-12807	45	22	behavior	behavior	NOUN
eistud-12807	45	23	(	(	PUNCT
eistud-12807	45	24	ellingsen	ellingsen	NOUN
eistud-12807	45	25	and	and	CCONJ
eistud-12807	45	26	söderström	söderström	NOUN
eistud-12807	45	27	,	,	PUNCT
eistud-12807	45	28	2001	2001	NUM
eistud-12807	45	29	)	)	PUNCT
eistud-12807	45	30	.	.	PUNCT
eistud-12807	46	1	some	some	PRON
eistud-12807	46	2	are	be	AUX
eistud-12807	46	3	just	just	ADV
eistud-12807	46	4	lacking	lack	VERB
eistud-12807	46	5	in	in	ADP
eistud-12807	46	6	credible	credible	ADJ
eistud-12807	46	7	theoretical	theoretical	ADJ
eistud-12807	46	8	foundations	foundation	NOUN
eistud-12807	46	9	(	(	PUNCT
eistud-12807	46	10	bernanke	bernanke	PROPN
eistud-12807	46	11	and	and	CCONJ
eistud-12807	46	12	mihov	mihov	PROPN
eistud-12807	46	13	,	,	PUNCT
eistud-12807	46	14	1998	1998	NUM
eistud-12807	46	15	)	)	PUNCT
eistud-12807	46	16	.	.	PUNCT
eistud-12807	47	1	they	they	PRON
eistud-12807	47	2	often	often	ADV
eistud-12807	47	3	assume	assume	VERB
eistud-12807	47	4	an	an	DET
eistud-12807	47	5	incorrect	incorrect	ADJ
eistud-12807	47	6	nature	nature	NOUN
eistud-12807	47	7	of	of	ADP
eistud-12807	47	8	the	the	DET
eistud-12807	47	9	underlying	underlying	ADJ
eistud-12807	47	10	time	time	NOUN
eistud-12807	47	11	series	series	NOUN
eistud-12807	47	12	features	feature	VERB
eistud-12807	47	13	,	,	PUNCT
eistud-12807	47	14	as	as	SCONJ
eistud-12807	47	15	pointed	point	VERB
eistud-12807	47	16	out	out	ADP
eistud-12807	47	17	by	by	ADP
eistud-12807	47	18	eika	eika	NOUN
eistud-12807	47	19	,	,	PUNCT
eistud-12807	47	20	ericsson	ericsson	PROPN
eistud-12807	47	21	and	and	CCONJ
eistud-12807	47	22	nymoen	nymoen	PROPN
eistud-12807	47	23	(	(	PUNCT
eistud-12807	47	24	1996	1996	NUM
eistud-12807	47	25	)	)	PUNCT
eistud-12807	47	26	.	.	PUNCT
eistud-12807	48	1	this	this	DET
eistud-12807	48	2	study	study	NOUN
eistud-12807	48	3	of	of	ADP
eistud-12807	48	4	monetary	monetary	ADJ
eistud-12807	48	5	policy	policy	NOUN
eistud-12807	48	6	stance	stance	NOUN
eistud-12807	48	7	in	in	ADP
eistud-12807	48	8	the	the	DET
eistud-12807	48	9	gcc	gcc	NOUN
eistud-12807	48	10	countries	country	NOUN
eistud-12807	48	11	is	be	AUX
eistud-12807	48	12	intended	intend	VERB
eistud-12807	48	13	to	to	PART
eistud-12807	48	14	offer	offer	VERB
eistud-12807	48	15	an	an	DET
eistud-12807	48	16	alternative	alternative	ADJ
eistud-12807	48	17	approach	approach	NOUN
eistud-12807	48	18	to	to	ADP
eistud-12807	48	19	methods	method	NOUN
eistud-12807	48	20	used	use	VERB
eistud-12807	48	21	in	in	ADP
eistud-12807	48	22	studies	study	NOUN
eistud-12807	48	23	reviewed	review	VERB
eistud-12807	48	24	by	by	ADP
eistud-12807	48	25	ugai	ugai	NOUN
eistud-12807	48	26	(	(	PUNCT
eistud-12807	48	27	2007	2007	NUM
eistud-12807	48	28	)	)	PUNCT
eistud-12807	48	29	.	.	PUNCT
eistud-12807	49	1	using	use	VERB
eistud-12807	49	2	the	the	DET
eistud-12807	49	3	monetary	monetary	ADJ
eistud-12807	49	4	policy	policy	NOUN
eistud-12807	49	5	stance	stance	NOUN
eistud-12807	49	6	indicator	indicator	NOUN
eistud-12807	49	7	(	(	PUNCT
eistud-12807	49	8	mpsi	mpsi	NOUN
eistud-12807	49	9	)	)	PUNCT
eistud-12807	49	10	concept	concept	NOUN
eistud-12807	49	11	and	and	CCONJ
eistud-12807	49	12	controlling	control	VERB
eistud-12807	49	13	for	for	ADP
eistud-12807	49	14	some	some	DET
eistud-12807	49	15	international	international	ADJ
eistud-12807	49	16	developments	development	NOUN
eistud-12807	49	17	,	,	PUNCT
eistud-12807	49	18	it	it	PRON
eistud-12807	49	19	is	be	AUX
eistud-12807	49	20	possible	possible	ADJ
eistud-12807	49	21	to	to	PART
eistud-12807	49	22	provide	provide	VERB
eistud-12807	49	23	some	some	DET
eistud-12807	49	24	evidence	evidence	NOUN
eistud-12807	49	25	on	on	ADP
eistud-12807	49	26	similarity	similarity	NOUN
eistud-12807	49	27	in	in	ADP
eistud-12807	49	28	the	the	DET
eistud-12807	49	29	monetary	monetary	ADJ
eistud-12807	49	30	policy	policy	NOUN
eistud-12807	49	31	stance	stance	NOUN
eistud-12807	49	32	in	in	ADP
eistud-12807	49	33	some	some	PRON
eistud-12807	49	34	of	of	ADP
eistud-12807	49	35	the	the	DET
eistud-12807	49	36	gcc	gcc	NOUN
eistud-12807	49	37	countries	country	NOUN
eistud-12807	49	38	over	over	ADP
eistud-12807	49	39	the	the	DET
eistud-12807	49	40	period	period	NOUN
eistud-12807	49	41	1981	1981	NUM
eistud-12807	49	42	-	-	SYM
eistud-12807	49	43	2013	2013	NUM
eistud-12807	49	44	.	.	PUNCT
eistud-12807	50	1	monetary	monetary	ADJ
eistud-12807	50	2	policy	policy	NOUN
eistud-12807	50	3	assessment	assessment	NOUN
eistud-12807	50	4	methods	method	NOUN
eistud-12807	50	5	in	in	ADP
eistud-12807	50	6	brief	brief	ADJ
eistud-12807	50	7	mpsi	mpsi	NOUN
eistud-12807	50	8	methodology	methodology	NOUN
eistud-12807	50	9	the	the	DET
eistud-12807	50	10	core	core	NOUN
eistud-12807	50	11	idea	idea	NOUN
eistud-12807	50	12	at	at	ADP
eistud-12807	50	13	the	the	DET
eistud-12807	50	14	roots	root	NOUN
eistud-12807	50	15	of	of	ADP
eistud-12807	50	16	the	the	DET
eistud-12807	50	17	proposed	propose	VERB
eistud-12807	50	18	method	method	NOUN
eistud-12807	50	19	is	be	AUX
eistud-12807	50	20	an	an	DET
eistud-12807	50	21	alternative	alternative	ADJ
eistud-12807	50	22	interpretation	interpretation	NOUN
eistud-12807	50	23	for	for	ADP
eistud-12807	50	24	short	short	ADJ
eistud-12807	50	25	-	-	PUNCT
eistud-12807	50	26	term	term	NOUN
eistud-12807	50	27	shocks	shock	NOUN
eistud-12807	50	28	of	of	ADP
eistud-12807	50	29	money	money	NOUN
eistud-12807	50	30	velocity	velocity	NOUN
eistud-12807	50	31	.	.	PUNCT
eistud-12807	51	1	money	money	NOUN
eistud-12807	51	2	velocity	velocity	NOUN
eistud-12807	51	3	(	(	PUNCT
eistud-12807	51	4	v	v	NOUN
eistud-12807	51	5	)	)	PUNCT
eistud-12807	51	6	can	can	AUX
eistud-12807	51	7	be	be	AUX
eistud-12807	51	8	derived	derive	VERB
eistud-12807	51	9	directly	directly	ADV
eistud-12807	51	10	from	from	ADP
eistud-12807	51	11	the	the	DET
eistud-12807	51	12	fisher	fisher	NOUN
eistud-12807	51	13	’s	’s	PART
eistud-12807	51	14	equation	equation	NOUN
eistud-12807	51	15	(	(	PUNCT
eistud-12807	51	16	exchange	exchange	NOUN
eistud-12807	51	17	equation	equation	NOUN
eistud-12807	51	18	mv	mv	NOUN
eistud-12807	51	19	=	=	NOUN
eistud-12807	51	20	tp	tp	NOUN
eistud-12807	51	21	)	)	PUNCT
eistud-12807	51	22	.	.	PUNCT
eistud-12807	52	1	this	this	DET
eistud-12807	52	2	variable	variable	NOUN
eistud-12807	52	3	is	be	AUX
eistud-12807	52	4	defined	define	VERB
eistud-12807	52	5	as	as	ADP
eistud-12807	52	6	the	the	DET
eistud-12807	52	7	relationship	relationship	NOUN
eistud-12807	52	8	between	between	ADP
eistud-12807	52	9	the	the	DET
eistud-12807	52	10	nominal	nominal	ADJ
eistud-12807	52	11	value	value	NOUN
eistud-12807	52	12	of	of	ADP
eistud-12807	52	13	transactions	transaction	NOUN
eistud-12807	52	14	(	(	PUNCT
eistud-12807	52	15	t*p	t*p	NOUN
eistud-12807	52	16	)	)	PUNCT
eistud-12807	52	17	and	and	CCONJ
eistud-12807	52	18	the	the	DET
eistud-12807	52	19	nominal	nominal	ADJ
eistud-12807	52	20	money	money	NOUN
eistud-12807	52	21	stock	stock	NOUN
eistud-12807	52	22	(	(	PUNCT
eistud-12807	52	23	m	m	NOUN
eistud-12807	52	24	)	)	PUNCT
eistud-12807	52	25	servicing	service	VERB
eistud-12807	52	26	those	those	DET
eistud-12807	52	27	transactions	transaction	NOUN
eistud-12807	52	28	.	.	PUNCT
eistud-12807	53	1	the	the	DET
eistud-12807	53	2	nominal	nominal	ADJ
eistud-12807	53	3	gdp	gdp	NOUN
eistud-12807	53	4	may	may	AUX
eistud-12807	53	5	be	be	AUX
eistud-12807	53	6	a	a	DET
eistud-12807	53	7	good	good	ADJ
eistud-12807	53	8	proxy	proxy	NOUN
eistud-12807	53	9	for	for	ADP
eistud-12807	53	10	nominal	nominal	ADJ
eistud-12807	53	11	money	money	NOUN
eistud-12807	53	12	demand	demand	NOUN
eistud-12807	53	13	since	since	SCONJ
eistud-12807	53	14	it	it	PRON
eistud-12807	53	15	is	be	AUX
eistud-12807	53	16	the	the	DET
eistud-12807	53	17	total	total	ADJ
eistud-12807	53	18	expenditure	expenditure	NOUN
eistud-12807	53	19	on	on	ADP
eistud-12807	53	20	final	final	ADJ
eistud-12807	53	21	goods	good	NOUN
eistud-12807	53	22	and	and	CCONJ
eistud-12807	53	23	services	service	NOUN
eistud-12807	53	24	(	(	PUNCT
eistud-12807	53	25	one	one	NUM
eistud-12807	53	26	of	of	ADP
eistud-12807	53	27	the	the	DET
eistud-12807	53	28	approaches	approach	NOUN
eistud-12807	53	29	used	use	VERB
eistud-12807	53	30	in	in	ADP
eistud-12807	53	31	compiling	compile	VERB
eistud-12807	53	32	this	this	DET
eistud-12807	53	33	aggregate	aggregate	NOUN
eistud-12807	53	34	)	)	PUNCT
eistud-12807	53	35	.	.	PUNCT
eistud-12807	54	1	calculating	calculate	VERB
eistud-12807	54	2	the	the	DET
eistud-12807	54	3	ratio	ratio	NOUN
eistud-12807	54	4	of	of	ADP
eistud-12807	54	5	money	money	NOUN
eistud-12807	54	6	demand	demand	NOUN
eistud-12807	54	7	to	to	PART
eistud-12807	54	8	money	money	NOUN
eistud-12807	54	9	supply	supply	NOUN
eistud-12807	54	10	offers	offer	VERB
eistud-12807	54	11	a	a	DET
eistud-12807	54	12	basis	basis	NOUN
eistud-12807	54	13	for	for	ADP
eistud-12807	54	14	compiling	compile	VERB
eistud-12807	54	15	a	a	DET
eistud-12807	54	16	proxy	proxy	NOUN
eistud-12807	54	17	for	for	ADP
eistud-12807	54	18	developments	development	NOUN
eistud-12807	54	19	in	in	ADP
eistud-12807	54	20	monetary	monetary	ADJ
eistud-12807	54	21	conditions	condition	NOUN
eistud-12807	54	22	(	(	PUNCT
eistud-12807	54	23	mpsi	mpsi	NOUN
eistud-12807	54	24	)	)	PUNCT
eistud-12807	54	25	.	.	PUNCT
eistud-12807	55	1	money	money	NOUN
eistud-12807	55	2	velocity	velocity	NOUN
eistud-12807	55	3	describes	describe	VERB
eistud-12807	55	4	the	the	DET
eistud-12807	55	5	manner	manner	NOUN
eistud-12807	55	6	,	,	PUNCT
eistud-12807	55	7	in	in	ADP
eistud-12807	55	8	which	which	PRON
eistud-12807	55	9	agents	agent	NOUN
eistud-12807	55	10	in	in	ADP
eistud-12807	55	11	the	the	DET
eistud-12807	55	12	economy	economy	NOUN
eistud-12807	55	13	use	use	VERB
eistud-12807	55	14	money	money	NOUN
eistud-12807	55	15	.	.	PUNCT
eistud-12807	56	1	the	the	DET
eistud-12807	56	2	monetarist	monetarist	ADJ
eistud-12807	56	3	model	model	NOUN
eistud-12807	56	4	assumes	assume	VERB
eistud-12807	56	5	that	that	SCONJ
eistud-12807	56	6	money	money	NOUN
eistud-12807	56	7	velocity	velocity	NOUN
eistud-12807	56	8	is	be	AUX
eistud-12807	56	9	constant	constant	ADJ
eistud-12807	56	10	.	.	PUNCT
eistud-12807	57	1	however	however	ADV
eistud-12807	57	2	,	,	PUNCT
eistud-12807	57	3	is	be	AUX
eistud-12807	57	4	it	it	PRON
eistud-12807	57	5	really	really	ADV
eistud-12807	57	6	?	?	PUNCT
eistud-12807	58	1	when	when	SCONJ
eistud-12807	58	2	we	we	PRON
eistud-12807	58	3	focus	focus	VERB
eistud-12807	58	4	on	on	ADP
eistud-12807	58	5	factors	factor	NOUN
eistud-12807	58	6	that	that	PRON
eistud-12807	58	7	could	could	AUX
eistud-12807	58	8	be	be	AUX
eistud-12807	58	9	responsible	responsible	ADJ
eistud-12807	58	10	for	for	ADP
eistud-12807	58	11	changing	change	VERB
eistud-12807	58	12	the	the	DET
eistud-12807	58	13	behavior	behavior	NOUN
eistud-12807	58	14	of	of	ADP
eistud-12807	58	15	a	a	DET
eistud-12807	58	16	society	society	NOUN
eistud-12807	58	17	on	on	ADP
eistud-12807	58	18	this	this	DET
eistud-12807	58	19	matter	matter	NOUN
eistud-12807	58	20	,	,	PUNCT
eistud-12807	58	21	the	the	DET
eistud-12807	58	22	theory	theory	NOUN
eistud-12807	58	23	offers	offer	VERB
eistud-12807	58	24	us	we	PRON
eistud-12807	58	25	“	"	PUNCT
eistud-12807	58	26	financial	financial	ADJ
eistud-12807	58	27	innovations	innovation	NOUN
eistud-12807	58	28	“	"	PUNCT
eistud-12807	58	29	as	as	ADP
eistud-12807	58	30	a	a	DET
eistud-12807	58	31	reason	reason	NOUN
eistud-12807	58	32	for	for	ADP
eistud-12807	58	33	decreasing	decrease	VERB
eistud-12807	58	34	average	average	ADJ
eistud-12807	58	35	real	real	ADJ
eistud-12807	58	36	money	money	NOUN
eistud-12807	58	37	balances	balance	NOUN
eistud-12807	58	38	(	(	PUNCT
eistud-12807	58	39	i.e.	i.e.	X
eistud-12807	58	40	demand	demand	NOUN
eistud-12807	58	41	for	for	ADP
eistud-12807	58	42	cash	cash	NOUN
eistud-12807	58	43	)	)	PUNCT
eistud-12807	58	44	and	and	CCONJ
eistud-12807	58	45	increasing	increase	VERB
eistud-12807	58	46	velocity	velocity	NOUN
eistud-12807	58	47	.	.	PUNCT
eistud-12807	59	1	for	for	ADP
eistud-12807	59	2	velocity	velocity	NOUN
eistud-12807	59	3	based	base	VERB
eistud-12807	59	4	on	on	ADP
eistud-12807	59	5	m2	m2	PROPN
eistud-12807	59	6	,	,	PUNCT
eistud-12807	59	7	one	one	NUM
eistud-12807	59	8	observes	observe	VERB
eistud-12807	59	9	,	,	PUNCT
eistud-12807	59	10	however	however	ADV
eistud-12807	59	11	,	,	PUNCT
eistud-12807	59	12	a	a	DET
eistud-12807	59	13	systematic	systematic	ADJ
eistud-12807	59	14	negative	negative	ADJ
eistud-12807	59	15	trend	trend	NOUN
eistud-12807	59	16	(	(	PUNCT
eistud-12807	59	17	figure	figure	NOUN
eistud-12807	59	18	1	1	NUM
eistud-12807	59	19	)	)	PUNCT
eistud-12807	59	20	.	.	PUNCT
eistud-12807	60	1	this	this	PRON
eistud-12807	60	2	is	be	AUX
eistud-12807	60	3	obviously	obviously	ADV
eistud-12807	60	4	inconsistent	inconsistent	ADJ
eistud-12807	60	5	with	with	ADP
eistud-12807	60	6	the	the	DET
eistud-12807	60	7	monetary	monetary	ADJ
eistud-12807	60	8	economics	economic	NOUN
eistud-12807	60	9	theory	theory	NOUN
eistud-12807	60	10	.	.	PUNCT
eistud-12807	61	1	the	the	DET
eistud-12807	61	2	example	example	NOUN
eistud-12807	61	3	of	of	ADP
eistud-12807	61	4	gcc	gcc	NOUN
eistud-12807	61	5	countries	country	NOUN
eistud-12807	61	6	european	european	ADJ
eistud-12807	61	7	integrat	integrat	PROPN
eistud-12807	61	8	ion	ion	NOUN
eistud-12807	61	9	studies	study	NOUN
eistud-12807	61	10	2015/9	2015/9	NUM
eistud-12807	61	11	200	200	NUM
eistud-12807	61	12	is	be	AUX
eistud-12807	61	13	not	not	PART
eistud-12807	61	14	unique	unique	ADJ
eistud-12807	61	15	.	.	PUNCT
eistud-12807	62	1	velocity	velocity	NOUN
eistud-12807	62	2	is	be	AUX
eistud-12807	62	3	systematically	systematically	ADV
eistud-12807	62	4	decreasing	decrease	VERB
eistud-12807	62	5	.	.	PUNCT
eistud-12807	63	1	it	it	PRON
eistud-12807	63	2	is	be	AUX
eistud-12807	63	3	argued	argue	VERB
eistud-12807	63	4	that	that	SCONJ
eistud-12807	63	5	in	in	ADP
eistud-12807	63	6	spite	spite	NOUN
eistud-12807	63	7	of	of	ADP
eistud-12807	63	8	significant	significant	ADJ
eistud-12807	63	9	“	"	PUNCT
eistud-12807	63	10	financial	financial	ADJ
eistud-12807	63	11	innovation	innovation	NOUN
eistud-12807	63	12	”	"	PUNCT
eistud-12807	63	13	(	(	PUNCT
eistud-12807	63	14	that	that	PRON
eistud-12807	63	15	should	should	AUX
eistud-12807	63	16	drive	drive	VERB
eistud-12807	63	17	velocity	velocity	NOUN
eistud-12807	63	18	up	up	ADP
eistud-12807	63	19	)	)	PUNCT
eistud-12807	63	20	some	some	DET
eistud-12807	63	21	other	other	ADJ
eistud-12807	63	22	factors	factor	NOUN
eistud-12807	63	23	offset	offset	VERB
eistud-12807	63	24	this	this	DET
eistud-12807	63	25	effect	effect	NOUN
eistud-12807	63	26	.	.	PUNCT
eistud-12807	64	1	the	the	DET
eistud-12807	64	2	first	first	ADJ
eistud-12807	64	3	point	point	NOUN
eistud-12807	64	4	is	be	AUX
eistud-12807	64	5	that	that	SCONJ
eistud-12807	64	6	broader	broad	ADJ
eistud-12807	64	7	monetary	monetary	ADJ
eistud-12807	64	8	aggregates	aggregate	NOUN
eistud-12807	64	9	are	be	AUX
eistud-12807	64	10	beyond	beyond	ADP
eistud-12807	64	11	control	control	NOUN
eistud-12807	64	12	of	of	ADP
eistud-12807	64	13	the	the	DET
eistud-12807	64	14	central	central	ADJ
eistud-12807	64	15	bank	bank	NOUN
eistud-12807	64	16	,	,	PUNCT
eistud-12807	64	17	as	as	SCONJ
eistud-12807	64	18	proved	prove	VERB
eistud-12807	64	19	already	already	ADV
eistud-12807	64	20	by	by	ADP
eistud-12807	64	21	revenkar	revenkar	NOUN
eistud-12807	64	22	and	and	CCONJ
eistud-12807	64	23	yoshino	yoshino	X
eistud-12807	64	24	(	(	PUNCT
eistud-12807	64	25	1990	1990	NUM
eistud-12807	64	26	)	)	PUNCT
eistud-12807	64	27	.	.	PUNCT
eistud-12807	65	1	there	there	PRON
eistud-12807	65	2	seem	seem	VERB
eistud-12807	65	3	to	to	PART
eistud-12807	65	4	be	be	AUX
eistud-12807	65	5	some	some	DET
eistud-12807	65	6	other	other	ADJ
eistud-12807	65	7	forces	force	NOUN
eistud-12807	65	8	behind	behind	ADP
eistud-12807	65	9	these	these	DET
eistud-12807	65	10	clear	clear	ADJ
eistud-12807	65	11	and	and	CCONJ
eistud-12807	65	12	sharp	sharp	ADJ
eistud-12807	65	13	,	,	PUNCT
eistud-12807	65	14	short	short	ADJ
eistud-12807	65	15	-	-	PUNCT
eistud-12807	65	16	term	term	NOUN
eistud-12807	65	17	but	but	CCONJ
eistud-12807	65	18	significantly	significantly	ADV
eistud-12807	65	19	homoscedastic	homoscedastic	ADJ
eistud-12807	65	20	developments	development	NOUN
eistud-12807	65	21	in	in	ADP
eistud-12807	65	22	vm0	vm0	NOUN
eistud-12807	65	23	.	.	PUNCT
eistud-12807	66	1	they	they	PRON
eistud-12807	66	2	are	be	AUX
eistud-12807	66	3	far	far	ADV
eistud-12807	66	4	from	from	ADP
eistud-12807	66	5	being	be	AUX
eistud-12807	66	6	good	good	ADJ
eistud-12807	66	7	proxies	proxy	NOUN
eistud-12807	66	8	for	for	ADP
eistud-12807	66	9	either	either	PRON
eistud-12807	66	10	transaction	transaction	NOUN
eistud-12807	66	11	money	money	NOUN
eistud-12807	66	12	stock	stock	NOUN
eistud-12807	66	13	or	or	CCONJ
eistud-12807	66	14	targets	target	NOUN
eistud-12807	66	15	of	of	ADP
eistud-12807	66	16	monetary	monetary	ADJ
eistud-12807	66	17	policy	policy	NOUN
eistud-12807	66	18	.	.	PUNCT
eistud-12807	67	1	instead	instead	ADV
eistud-12807	67	2	,	,	PUNCT
eistud-12807	67	3	the	the	DET
eistud-12807	67	4	proposed	propose	VERB
eistud-12807	67	5	mpsi	mpsi	NOUN
eistud-12807	67	6	method	method	NOUN
eistud-12807	67	7	focuses	focus	VERB
eistud-12807	67	8	on	on	ADP
eistud-12807	67	9	velocity	velocity	NOUN
eistud-12807	67	10	of	of	ADP
eistud-12807	67	11	currency	currency	NOUN
eistud-12807	67	12	in	in	ADP
eistud-12807	67	13	circulation	circulation	NOUN
eistud-12807	67	14	(	(	PUNCT
eistud-12807	67	15	high	high	ADJ
eistud-12807	67	16	-	-	PUNCT
eistud-12807	67	17	power	power	NOUN
eistud-12807	67	18	money	money	NOUN
eistud-12807	67	19	)	)	PUNCT
eistud-12807	67	20	proxy	proxy	NOUN
eistud-12807	67	21	.	.	PUNCT
eistud-12807	68	1	any	any	DET
eistud-12807	68	2	change	change	NOUN
eistud-12807	68	3	in	in	ADP
eistud-12807	68	4	the	the	DET
eistud-12807	68	5	manner	manner	NOUN
eistud-12807	68	6	society	society	NOUN
eistud-12807	68	7	uses	use	VERB
eistud-12807	68	8	currency	currency	NOUN
eistud-12807	68	9	should	should	AUX
eistud-12807	68	10	be	be	AUX
eistud-12807	68	11	gradual	gradual	ADJ
eistud-12807	68	12	.	.	PUNCT
eistud-12807	69	1	for	for	ADP
eistud-12807	69	2	sure	sure	ADJ
eistud-12807	69	3	,	,	PUNCT
eistud-12807	69	4	it	it	PRON
eistud-12807	69	5	should	should	AUX
eistud-12807	69	6	not	not	PART
eistud-12807	69	7	look	look	VERB
eistud-12807	69	8	like	like	ADP
eistud-12807	69	9	the	the	DET
eistud-12807	69	10	fluctuations	fluctuation	NOUN
eistud-12807	69	11	observed	observe	VERB
eistud-12807	69	12	in	in	ADP
eistud-12807	69	13	the	the	DET
eistud-12807	69	14	empirical	empirical	ADJ
eistud-12807	69	15	data	datum	NOUN
eistud-12807	69	16	(	(	PUNCT
eistud-12807	69	17	figure	figure	NOUN
eistud-12807	69	18	2	2	NUM
eistud-12807	69	19	)	)	PUNCT
eistud-12807	69	20	.	.	PUNCT
eistud-12807	70	1	figure	figure	VERB
eistud-12807	70	2	1	1	NUM
eistud-12807	70	3	money	money	NOUN
eistud-12807	70	4	velocity	velocity	NOUN
eistud-12807	70	5	(	(	PUNCT
eistud-12807	70	6	m2	m2	PROPN
eistud-12807	70	7	-	-	PUNCT
eistud-12807	70	8	based	base	VERB
eistud-12807	70	9	)	)	PUNCT
eistud-12807	70	10	for	for	ADP
eistud-12807	70	11	gcc	gcc	NOUN
eistud-12807	70	12	countries	country	NOUN
eistud-12807	70	13	1976	1976	NUM
eistud-12807	70	14	-	-	SYM
eistud-12807	70	15	2013	2013	NUM
eistud-12807	70	16	(	(	PUNCT
eistud-12807	70	17	author	author	NOUN
eistud-12807	70	18	)	)	PUNCT
eistud-12807	70	19	figure	figure	NOUN
eistud-12807	70	20	2	2	NUM
eistud-12807	70	21	random	random	ADJ
eistud-12807	70	22	country	country	NOUN
eistud-12807	70	23	example	example	NOUN
eistud-12807	70	24	of	of	ADP
eistud-12807	70	25	money	money	NOUN
eistud-12807	70	26	velocity	velocity	NOUN
eistud-12807	70	27	shocks	shock	NOUN
eistud-12807	70	28	for	for	ADP
eistud-12807	70	29	different	different	ADJ
eistud-12807	70	30	money	money	NOUN
eistud-12807	70	31	aggregates	aggregate	VERB
eistud-12807	70	32	1996	1996	NUM
eistud-12807	70	33	-	-	SYM
eistud-12807	70	34	2008	2008	NUM
eistud-12807	70	35	(	(	PUNCT
eistud-12807	70	36	author	author	NOUN
eistud-12807	70	37	)	)	PUNCT
eistud-12807	70	38	the	the	DET
eistud-12807	70	39	suggestion	suggestion	NOUN
eistud-12807	70	40	is	be	AUX
eistud-12807	70	41	that	that	SCONJ
eistud-12807	70	42	monetary	monetary	ADJ
eistud-12807	70	43	policy	policy	NOUN
eistud-12807	70	44	is	be	AUX
eistud-12807	70	45	responsible	responsible	ADJ
eistud-12807	70	46	for	for	ADP
eistud-12807	70	47	this	this	DET
eistud-12807	70	48	behavior	behavior	NOUN
eistud-12807	70	49	.	.	PUNCT
eistud-12807	71	1	short	short	ADJ
eistud-12807	71	2	-	-	PUNCT
eistud-12807	71	3	term	term	NOUN
eistud-12807	71	4	shocks	shock	NOUN
eistud-12807	71	5	of	of	ADP
eistud-12807	71	6	money	money	NOUN
eistud-12807	71	7	velocity	velocity	NOUN
eistud-12807	71	8	are	be	AUX
eistud-12807	71	9	fully	fully	ADV
eistud-12807	71	10	a	a	DET
eistud-12807	71	11	part	part	NOUN
eistud-12807	71	12	of	of	ADP
eistud-12807	71	13	a	a	DET
eistud-12807	71	14	transmission	transmission	NOUN
eistud-12807	71	15	mechanism	mechanism	NOUN
eistud-12807	71	16	,	,	PUNCT
eistud-12807	71	17	as	as	SCONJ
eistud-12807	71	18	suggested	suggest	VERB
eistud-12807	71	19	already	already	ADV
eistud-12807	71	20	by	by	ADP
eistud-12807	71	21	reynard	reynard	PROPN
eistud-12807	71	22	(	(	PUNCT
eistud-12807	71	23	2007	2007	NUM
eistud-12807	71	24	)	)	PUNCT
eistud-12807	71	25	.	.	PUNCT
eistud-12807	72	1	this	this	DET
eistud-12807	72	2	view	view	NOUN
eistud-12807	72	3	is	be	AUX
eistud-12807	72	4	explicitly	explicitly	ADV
eistud-12807	72	5	consistent	consistent	ADJ
eistud-12807	72	6	with	with	ADP
eistud-12807	72	7	several	several	ADJ
eistud-12807	72	8	methods	method	NOUN
eistud-12807	72	9	for	for	ADP
eistud-12807	72	10	capturing	capture	VERB
eistud-12807	72	11	monetary	monetary	ADJ
eistud-12807	72	12	policy	policy	NOUN
eistud-12807	72	13	stance	stance	NOUN
eistud-12807	72	14	.	.	PUNCT
eistud-12807	73	1	the	the	DET
eistud-12807	73	2	most	most	ADV
eistud-12807	73	3	obvious	obvious	ADJ
eistud-12807	73	4	examples	example	NOUN
eistud-12807	73	5	of	of	ADP
eistud-12807	73	6	methods	method	NOUN
eistud-12807	73	7	consistent	consistent	ADJ
eistud-12807	73	8	with	with	ADP
eistud-12807	73	9	the	the	DET
eistud-12807	73	10	proposed	propose	VERB
eistud-12807	73	11	one	one	NUM
eistud-12807	73	12	are	be	AUX
eistud-12807	73	13	:	:	PUNCT
eistud-12807	73	14	(	(	PUNCT
eistud-12807	73	15	1	1	X
eistud-12807	73	16	)	)	PUNCT
eistud-12807	73	17	the	the	DET
eistud-12807	73	18	“	"	PUNCT
eistud-12807	73	19	credit	credit	NOUN
eistud-12807	73	20	channel	channel	NOUN
eistud-12807	73	21	”	"	PUNCT
eistud-12807	73	22	(	(	PUNCT
eistud-12807	73	23	kashyap	kashyap	PROPN
eistud-12807	73	24	and	and	CCONJ
eistud-12807	73	25	stein	stein	PROPN
eistud-12807	73	26	,	,	PUNCT
eistud-12807	73	27	2000	2000	NUM
eistud-12807	73	28	)	)	PUNCT
eistud-12807	73	29	and	and	CCONJ
eistud-12807	73	30	(	(	PUNCT
eistud-12807	73	31	2	2	X
eistud-12807	73	32	)	)	PUNCT
eistud-12807	73	33	the	the	DET
eistud-12807	73	34	“	"	PUNCT
eistud-12807	73	35	balance	balance	NOUN
eistud-12807	73	36	sheet	sheet	NOUN
eistud-12807	73	37	channel	channel	NOUN
eistud-12807	73	38	”	"	PUNCT
eistud-12807	73	39	(	(	PUNCT
eistud-12807	73	40	bernanke	bernanke	NOUN
eistud-12807	73	41	and	and	CCONJ
eistud-12807	73	42	gertler	gertler	NOUN
eistud-12807	73	43	,	,	PUNCT
eistud-12807	73	44	1995	1995	NUM
eistud-12807	73	45	)	)	PUNCT
eistud-12807	73	46	and	and	CCONJ
eistud-12807	73	47	with	with	ADP
eistud-12807	73	48	commonly	commonly	ADV
eistud-12807	73	49	used	use	VERB
eistud-12807	73	50	econometric	econometric	ADJ
eistud-12807	73	51	models	model	NOUN
eistud-12807	73	52	(	(	PUNCT
eistud-12807	73	53	3	3	X
eistud-12807	73	54	)	)	PUNCT
eistud-12807	73	55	assuming	assume	VERB
eistud-12807	73	56	an	an	DET
eistud-12807	73	57	indirect	indirect	ADJ
eistud-12807	73	58	impact	impact	NOUN
eistud-12807	73	59	of	of	ADP
eistud-12807	73	60	monetary	monetary	ADJ
eistud-12807	73	61	policy	policy	NOUN
eistud-12807	73	62	on	on	ADP
eistud-12807	73	63	inflation	inflation	NOUN
eistud-12807	73	64	(	(	PUNCT
eistud-12807	73	65	gertler	gertler	NOUN
eistud-12807	73	66	and	and	CCONJ
eistud-12807	73	67	gilchrist	gilchrist	NOUN
eistud-12807	73	68	,	,	PUNCT
eistud-12807	73	69	1994	1994	NUM
eistud-12807	73	70	)	)	PUNCT
eistud-12807	73	71	.	.	PUNCT
eistud-12807	74	1	the	the	DET
eistud-12807	74	2	monetary	monetary	ADJ
eistud-12807	74	3	policy	policy	NOUN
eistud-12807	74	4	stance	stance	NOUN
eistud-12807	74	5	indicator	indicator	NOUN
eistud-12807	74	6	(	(	PUNCT
eistud-12807	74	7	mpsi	mpsi	NOUN
eistud-12807	74	8	)	)	PUNCT
eistud-12807	74	9	is	be	AUX
eistud-12807	74	10	defined	define	VERB
eistud-12807	74	11	as	as	ADP
eistud-12807	74	12	the	the	DET
eistud-12807	74	13	first	first	ADJ
eistud-12807	74	14	difference	difference	NOUN
eistud-12807	74	15	time	time	NOUN
eistud-12807	74	16	series	series	NOUN
eistud-12807	74	17	of	of	ADP
eistud-12807	74	18	money	money	NOUN
eistud-12807	74	19	velocity	velocity	NOUN
eistud-12807	74	20	,	,	PUNCT
eistud-12807	74	21	expressed	express	VERB
eistud-12807	74	22	as	as	ADP
eistud-12807	74	23	a	a	DET
eistud-12807	74	24	percentage	percentage	NOUN
eistud-12807	74	25	change	change	NOUN
eistud-12807	74	26	over	over	ADP
eistud-12807	74	27	the	the	DET
eistud-12807	74	28	preceding	precede	VERB
eistud-12807	74	29	period	period	NOUN
eistud-12807	74	30	.	.	PUNCT
eistud-12807	75	1	due	due	ADP
eistud-12807	75	2	to	to	ADP
eistud-12807	75	3	such	such	ADJ
eistud-12807	75	4	formulation	formulation	NOUN
eistud-12807	75	5	it	it	PRON
eistud-12807	75	6	is	be	AUX
eistud-12807	75	7	able	able	ADJ
eistud-12807	75	8	to	to	PART
eistud-12807	75	9	capture	capture	VERB
eistud-12807	75	10	both	both	CCONJ
eistud-12807	75	11	the	the	DET
eistud-12807	75	12	qualitative	qualitative	ADJ
eistud-12807	75	13	and	and	CCONJ
eistud-12807	75	14	quantitative	quantitative	ADJ
eistud-12807	75	15	information	information	NOUN
eistud-12807	75	16	on	on	ADP
eistud-12807	75	17	monetary	monetary	ADJ
eistud-12807	75	18	situation	situation	NOUN
eistud-12807	75	19	.	.	PUNCT
eistud-12807	76	1	with	with	ADP
eistud-12807	76	2	assumption	assumption	NOUN
eistud-12807	76	3	of	of	ADP
eistud-12807	76	4	the	the	DET
eistud-12807	76	5	constant	constant	ADJ
eistud-12807	76	6	velocity	velocity	NOUN
eistud-12807	76	7	,	,	PUNCT
eistud-12807	76	8	money	money	NOUN
eistud-12807	76	9	growth	growth	NOUN
eistud-12807	76	10	rate	rate	NOUN
eistud-12807	76	11	that	that	PRON
eistud-12807	76	12	offsets	offset	VERB
eistud-12807	76	13	actual	actual	ADJ
eistud-12807	76	14	rate	rate	NOUN
eistud-12807	76	15	of	of	ADP
eistud-12807	76	16	growth	growth	NOUN
eistud-12807	76	17	for	for	ADP
eistud-12807	76	18	output	output	NOUN
eistud-12807	76	19	at	at	ADP
eistud-12807	76	20	the	the	DET
eistud-12807	76	21	same	same	ADJ
eistud-12807	76	22	ratio	ratio	NOUN
eistud-12807	76	23	means	mean	VERB
eistud-12807	76	24	that	that	SCONJ
eistud-12807	76	25	there	there	PRON
eistud-12807	76	26	is	be	VERB
eistud-12807	76	27	no	no	DET
eistud-12807	76	28	reason	reason	NOUN
eistud-12807	76	29	for	for	SCONJ
eistud-12807	76	30	prices	price	NOUN
eistud-12807	76	31	to	to	PART
eistud-12807	76	32	adjust	adjust	VERB
eistud-12807	76	33	.	.	PUNCT
eistud-12807	77	1	a	a	DET
eistud-12807	77	2	similar	similar	ADJ
eistud-12807	77	3	interpretation	interpretation	NOUN
eistud-12807	77	4	can	can	AUX
eistud-12807	77	5	be	be	AUX
eistud-12807	77	6	found	find	VERB
eistud-12807	77	7	in	in	ADP
eistud-12807	77	8	reynard	reynard	PROPN
eistud-12807	77	9	(	(	PUNCT
eistud-12807	77	10	2007	2007	NUM
eistud-12807	77	11	,	,	PUNCT
eistud-12807	77	12	p.	p.	NOUN
eistud-12807	77	13	26	26	NUM
eistud-12807	77	14	)	)	PUNCT
eistud-12807	77	15	.	.	PUNCT
eistud-12807	78	1	it	it	PRON
eistud-12807	78	2	was	be	AUX
eistud-12807	78	3	,	,	PUNCT
eistud-12807	78	4	however	however	ADV
eistud-12807	78	5	,	,	PUNCT
eistud-12807	78	6	already	already	ADV
eistud-12807	78	7	henry	henry	PROPN
eistud-12807	78	8	thornton	thornton	PROPN
eistud-12807	78	9	(	(	PUNCT
eistud-12807	78	10	1802	1802	NUM
eistud-12807	78	11	)	)	PUNCT
eistud-12807	78	12	who	who	PRON
eistud-12807	78	13	proposed	propose	VERB
eistud-12807	78	14	the	the	DET
eistud-12807	78	15	same	same	ADJ
eistud-12807	78	16	interpretation	interpretation	NOUN
eistud-12807	78	17	.	.	PUNCT
eistud-12807	79	1	the	the	DET
eistud-12807	79	2	mpsi	mpsi	NOUN
eistud-12807	79	3	seems	seem	VERB
eistud-12807	79	4	to	to	PART
eistud-12807	79	5	be	be	AUX
eistud-12807	79	6	independent	independent	ADJ
eistud-12807	79	7	from	from	ADP
eistud-12807	79	8	many	many	ADJ
eistud-12807	79	9	,	,	PUNCT
eistud-12807	79	10	if	if	SCONJ
eistud-12807	79	11	not	not	PART
eistud-12807	79	12	from	from	ADP
eistud-12807	79	13	most	most	ADJ
eistud-12807	79	14	,	,	PUNCT
eistud-12807	79	15	of	of	ADP
eistud-12807	79	16	the	the	DET
eistud-12807	79	17	postulated	postulate	VERB
eistud-12807	79	18	disadvantages	disadvantage	NOUN
eistud-12807	79	19	and	and	CCONJ
eistud-12807	79	20	technical	technical	ADJ
eistud-12807	79	21	weaknesses	weakness	NOUN
eistud-12807	79	22	of	of	ADP
eistud-12807	79	23	all	all	DET
eistud-12807	79	24	other	other	ADJ
eistud-12807	79	25	methods	method	NOUN
eistud-12807	79	26	.	.	PUNCT
eistud-12807	80	1	it	it	PRON
eistud-12807	80	2	is	be	AUX
eistud-12807	80	3	also	also	ADV
eistud-12807	80	4	independent	independent	ADJ
eistud-12807	80	5	from	from	ADP
eistud-12807	80	6	specific	specific	ADJ
eistud-12807	80	7	features	feature	NOUN
eistud-12807	80	8	of	of	ADP
eistud-12807	80	9	monetary	monetary	ADJ
eistud-12807	80	10	policy	policy	NOUN
eistud-12807	80	11	reaction	reaction	NOUN
eistud-12807	80	12	function	function	NOUN
eistud-12807	80	13	.	.	PUNCT
eistud-12807	81	1	it	it	PRON
eistud-12807	81	2	requires	require	VERB
eistud-12807	81	3	no	no	DET
eistud-12807	81	4	modeling	modeling	NOUN
eistud-12807	81	5	of	of	ADP
eistud-12807	81	6	any	any	DET
eistud-12807	81	7	kind	kind	NOUN
eistud-12807	81	8	or	or	CCONJ
eistud-12807	81	9	estimating	estimate	VERB
eistud-12807	81	10	any	any	PRON
eistud-12807	81	11	of	of	ADP
eistud-12807	81	12	unobservable	unobservable	ADJ
eistud-12807	81	13	variables	variable	NOUN
eistud-12807	81	14	(	(	PUNCT
eistud-12807	81	15	i.e.	i.e.	X
eistud-12807	81	16	output	output	NOUN
eistud-12807	81	17	gap	gap	NOUN
eistud-12807	81	18	)	)	PUNCT
eistud-12807	81	19	.	.	PUNCT
eistud-12807	82	1	the	the	DET
eistud-12807	82	2	aforementioned	aforementione	VERB
eistud-12807	82	3	weaknesses	weakness	NOUN
eistud-12807	82	4	are	be	AUX
eistud-12807	82	5	the	the	DET
eistud-12807	82	6	reason	reason	NOUN
eistud-12807	82	7	for	for	ADP
eistud-12807	82	8	criticisms	criticism	NOUN
eistud-12807	82	9	of	of	ADP
eistud-12807	82	10	all	all	DET
eistud-12807	82	11	past	past	ADJ
eistud-12807	82	12	monetary	monetary	ADJ
eistud-12807	82	13	policy	policy	NOUN
eistud-12807	82	14	stance	stance	NOUN
eistud-12807	82	15	assessment	assessment	NOUN
eistud-12807	82	16	frameworks	framework	NOUN
eistud-12807	82	17	.	.	PUNCT
eistud-12807	83	1	the	the	DET
eistud-12807	83	2	mpsi	mpsi	NOUN
eistud-12807	83	3	method	method	NOUN
eistud-12807	83	4	assumes	assume	VERB
eistud-12807	83	5	nominal	nominal	ADJ
eistud-12807	83	6	rigidity	rigidity	NOUN
eistud-12807	83	7	during	during	ADP
eistud-12807	83	8	the	the	DET
eistud-12807	83	9	current	current	ADJ
eistud-12807	83	10	period	period	NOUN
eistud-12807	83	11	(	(	PUNCT
eistud-12807	83	12	at	at	ADV
eistud-12807	83	13	least	least	ADV
eistud-12807	83	14	one	one	NUM
eistud-12807	83	15	quarter	quarter	NOUN
eistud-12807	83	16	)	)	PUNCT
eistud-12807	83	17	.	.	PUNCT
eistud-12807	84	1	otherwise	otherwise	ADV
eistud-12807	84	2	,	,	PUNCT
eistud-12807	84	3	any	any	DET
eistud-12807	84	4	change	change	NOUN
eistud-12807	84	5	in	in	ADP
eistud-12807	84	6	the	the	DET
eistud-12807	84	7	real	real	ADJ
eistud-12807	84	8	money	money	NOUN
eistud-12807	84	9	supply	supply	NOUN
eistud-12807	84	10	in	in	ADP
eistud-12807	84	11	relation	relation	NOUN
eistud-12807	84	12	to	to	PART
eistud-12807	84	13	demand	demand	VERB
eistud-12807	84	14	for	for	ADP
eistud-12807	84	15	real	real	ADJ
eistud-12807	84	16	cash	cash	NOUN
eistud-12807	84	17	balances	balance	NOUN
eistud-12807	84	18	is	be	AUX
eistud-12807	84	19	removed	remove	VERB
eistud-12807	84	20	by	by	ADP
eistud-12807	84	21	the	the	DET
eistud-12807	84	22	price	price	NOUN
eistud-12807	84	23	adjustment	adjustment	NOUN
eistud-12807	84	24	resulting	result	VERB
eistud-12807	84	25	in	in	ADP
eistud-12807	84	26	super	super	ADJ
eistud-12807	84	27	neutrality	neutrality	NOUN
eistud-12807	84	28	of	of	ADP
eistud-12807	84	29	money	money	NOUN
eistud-12807	84	30	.	.	PUNCT
eistud-12807	85	1	201	201	NUM
eistud-12807	85	2	european	european	ADJ
eistud-12807	85	3	integrat	integrat	NOUN
eistud-12807	85	4	ion	ion	NOUN
eistud-12807	85	5	studies	study	NOUN
eistud-12807	85	6	2015/9	2015/9	NUM
eistud-12807	85	7	compilation	compilation	NOUN
eistud-12807	85	8	of	of	ADP
eistud-12807	85	9	the	the	DET
eistud-12807	85	10	mpsi	mpsi	NOUN
eistud-12807	85	11	must	must	AUX
eistud-12807	85	12	be	be	AUX
eistud-12807	85	13	based	base	VERB
eistud-12807	85	14	on	on	ADP
eistud-12807	85	15	the	the	DET
eistud-12807	85	16	high	high	ADJ
eistud-12807	85	17	-	-	PUNCT
eistud-12807	85	18	power	power	NOUN
eistud-12807	85	19	money	money	NOUN
eistud-12807	85	20	,	,	PUNCT
eistud-12807	85	21	or	or	CCONJ
eistud-12807	85	22	money	money	NOUN
eistud-12807	85	23	available	available	ADJ
eistud-12807	85	24	for	for	ADP
eistud-12807	85	25	transactions	transaction	NOUN
eistud-12807	85	26	in	in	ADP
eistud-12807	85	27	the	the	DET
eistud-12807	85	28	shortest	short	ADJ
eistud-12807	85	29	horizon	horizon	NOUN
eistud-12807	85	30	.	.	PUNCT
eistud-12807	86	1	therefore	therefore	ADV
eistud-12807	86	2	,	,	PUNCT
eistud-12807	86	3	aggregates	aggregate	NOUN
eistud-12807	86	4	like	like	ADP
eistud-12807	86	5	m0	m0	PROPN
eistud-12807	86	6	must	must	AUX
eistud-12807	86	7	be	be	AUX
eistud-12807	86	8	used	use	VERB
eistud-12807	86	9	.	.	PUNCT
eistud-12807	87	1	these	these	DET
eistud-12807	87	2	aggregates	aggregate	NOUN
eistud-12807	87	3	’	'	PUNCT
eistud-12807	87	4	behavior	behavior	NOUN
eistud-12807	87	5	depends	depend	VERB
eistud-12807	87	6	in	in	ADP
eistud-12807	87	7	the	the	DET
eistud-12807	87	8	least	least	ADJ
eistud-12807	87	9	extent	extent	NOUN
eistud-12807	87	10	on	on	ADP
eistud-12807	87	11	the	the	DET
eistud-12807	87	12	specific	specific	ADJ
eistud-12807	87	13	features	feature	NOUN
eistud-12807	87	14	regarding	regard	VERB
eistud-12807	87	15	society	society	NOUN
eistud-12807	87	16	and	and	CCONJ
eistud-12807	87	17	the	the	DET
eistud-12807	87	18	financial	financial	ADJ
eistud-12807	87	19	sector	sector	NOUN
eistud-12807	87	20	.	.	PUNCT
eistud-12807	88	1	another	another	DET
eistud-12807	88	2	point	point	NOUN
eistud-12807	88	3	is	be	AUX
eistud-12807	88	4	that	that	SCONJ
eistud-12807	88	5	a	a	DET
eistud-12807	88	6	central	central	ADJ
eistud-12807	88	7	bank	bank	NOUN
eistud-12807	88	8	has	have	VERB
eistud-12807	88	9	direct	direct	ADJ
eistud-12807	88	10	and	and	CCONJ
eistud-12807	88	11	credible	credible	ADJ
eistud-12807	88	12	control	control	NOUN
eistud-12807	88	13	over	over	ADP
eistud-12807	88	14	them	they	PRON
eistud-12807	88	15	.	.	PUNCT
eistud-12807	89	1	the	the	DET
eistud-12807	89	2	mpsi	mpsi	NOUN
eistud-12807	89	3	is	be	AUX
eistud-12807	89	4	based	base	VERB
eistud-12807	89	5	on	on	ADP
eistud-12807	89	6	a	a	DET
eistud-12807	89	7	proxy	proxy	NOUN
eistud-12807	89	8	of	of	ADP
eistud-12807	89	9	the	the	DET
eistud-12807	89	10	nominal	nominal	ADJ
eistud-12807	89	11	transactional	transactional	ADJ
eistud-12807	89	12	money	money	NOUN
eistud-12807	89	13	demand	demand	NOUN
eistud-12807	89	14	–	–	PUNCT
eistud-12807	89	15	the	the	DET
eistud-12807	89	16	gdp	gdp	NOUN
eistud-12807	89	17	.	.	PUNCT
eistud-12807	90	1	this	this	DET
eistud-12807	90	2	design	design	NOUN
eistud-12807	90	3	mitigates	mitigate	VERB
eistud-12807	90	4	any	any	DET
eistud-12807	90	5	problems	problem	NOUN
eistud-12807	90	6	that	that	PRON
eistud-12807	90	7	might	might	AUX
eistud-12807	90	8	be	be	AUX
eistud-12807	90	9	associated	associate	VERB
eistud-12807	90	10	with	with	ADP
eistud-12807	90	11	controlling	control	VERB
eistud-12807	90	12	for	for	ADP
eistud-12807	90	13	the	the	DET
eistud-12807	90	14	income	income	NOUN
eistud-12807	90	15	demand	demand	NOUN
eistud-12807	90	16	element	element	NOUN
eistud-12807	90	17	in	in	ADP
eistud-12807	90	18	the	the	DET
eistud-12807	90	19	total	total	ADJ
eistud-12807	90	20	money	money	NOUN
eistud-12807	90	21	demand	demand	NOUN
eistud-12807	90	22	.	.	PUNCT
eistud-12807	91	1	using	use	VERB
eistud-12807	91	2	the	the	DET
eistud-12807	91	3	nominal	nominal	ADJ
eistud-12807	91	4	gdp	gdp	NOUN
eistud-12807	91	5	also	also	ADV
eistud-12807	91	6	deals	deal	VERB
eistud-12807	91	7	with	with	ADP
eistud-12807	91	8	the	the	DET
eistud-12807	91	9	problem	problem	NOUN
eistud-12807	91	10	of	of	ADP
eistud-12807	91	11	controlling	control	VERB
eistud-12807	91	12	for	for	ADP
eistud-12807	91	13	new	new	ADJ
eistud-12807	91	14	assets	asset	NOUN
eistud-12807	91	15	prices	price	NOUN
eistud-12807	91	16	,	,	PUNCT
eistud-12807	91	17	when	when	SCONJ
eistud-12807	91	18	one	one	PRON
eistud-12807	91	19	evaluates	evaluate	VERB
eistud-12807	91	20	monetary	monetary	ADJ
eistud-12807	91	21	policy	policy	NOUN
eistud-12807	91	22	.	.	PUNCT
eistud-12807	92	1	prices	price	NOUN
eistud-12807	92	2	of	of	ADP
eistud-12807	92	3	non	non	ADJ
eistud-12807	92	4	-	-	ADJ
eistud-12807	92	5	perishable	perishable	ADJ
eistud-12807	92	6	,	,	PUNCT
eistud-12807	92	7	long	long	ADV
eistud-12807	92	8	-	-	PUNCT
eistud-12807	92	9	lasting	last	VERB
eistud-12807	92	10	assets	asset	NOUN
eistud-12807	92	11	newly	newly	ADV
eistud-12807	92	12	produced	produce	VERB
eistud-12807	92	13	are	be	AUX
eistud-12807	92	14	included	include	VERB
eistud-12807	92	15	in	in	ADP
eistud-12807	92	16	both	both	PRON
eistud-12807	92	17	“	"	PUNCT
eistud-12807	92	18	c	c	NOUN
eistud-12807	92	19	”	"	PUNCT
eistud-12807	92	20	and	and	CCONJ
eistud-12807	92	21	“	"	PUNCT
eistud-12807	92	22	i	i	PRON
eistud-12807	92	23	”	"	PUNCT
eistud-12807	92	24	.	.	PUNCT
eistud-12807	93	1	including	include	VERB
eistud-12807	93	2	monetary	monetary	ADJ
eistud-12807	93	3	base	base	NOUN
eistud-12807	93	4	(	(	PUNCT
eistud-12807	93	5	m0	m0	NOUN
eistud-12807	93	6	)	)	PUNCT
eistud-12807	93	7	in	in	ADP
eistud-12807	93	8	the	the	DET
eistud-12807	93	9	compilation	compilation	NOUN
eistud-12807	93	10	of	of	ADP
eistud-12807	93	11	mpsi	mpsi	NOUN
eistud-12807	93	12	allows	allow	VERB
eistud-12807	93	13	for	for	ADP
eistud-12807	93	14	controlling	control	VERB
eistud-12807	93	15	for	for	ADP
eistud-12807	93	16	financial	financial	ADJ
eistud-12807	93	17	and	and	CCONJ
eistud-12807	93	18	real	real	ADJ
eistud-12807	93	19	assets	asset	NOUN
eistud-12807	93	20	’	'	PUNCT
eistud-12807	93	21	prices	price	NOUN
eistud-12807	93	22	.	.	PUNCT
eistud-12807	94	1	mpsi	mpsi	NOUN
eistud-12807	94	2	represents	represent	VERB
eistud-12807	94	3	a	a	DET
eistud-12807	94	4	quantitative	quantitative	ADJ
eistud-12807	94	5	and	and	CCONJ
eistud-12807	94	6	qualitative	qualitative	ADJ
eistud-12807	94	7	measure	measure	NOUN
eistud-12807	94	8	of	of	ADP
eistud-12807	94	9	monetary	monetary	ADJ
eistud-12807	94	10	conditions	condition	NOUN
eistud-12807	94	11	in	in	ADP
eistud-12807	94	12	the	the	DET
eistud-12807	94	13	economy	economy	NOUN
eistud-12807	94	14	induced	induce	VERB
eistud-12807	94	15	by	by	ADP
eistud-12807	94	16	intentional	intentional	ADJ
eistud-12807	94	17	and	and	CCONJ
eistud-12807	94	18	unintentional	unintentional	ADJ
eistud-12807	94	19	monetary	monetary	ADJ
eistud-12807	94	20	policy	policy	NOUN
eistud-12807	94	21	.	.	PUNCT
eistud-12807	95	1	this	this	PRON
eistud-12807	95	2	is	be	AUX
eistud-12807	95	3	why	why	SCONJ
eistud-12807	95	4	it	it	PRON
eistud-12807	95	5	is	be	AUX
eistud-12807	95	6	suggested	suggest	VERB
eistud-12807	95	7	that	that	SCONJ
eistud-12807	95	8	money	money	NOUN
eistud-12807	95	9	supply	supply	NOUN
eistud-12807	95	10	/	/	SYM
eistud-12807	95	11	demand	demand	NOUN
eistud-12807	95	12	movements	movement	NOUN
eistud-12807	95	13	(	(	PUNCT
eistud-12807	95	14	implicitly	implicitly	ADV
eistud-12807	95	15	)	)	PUNCT
eistud-12807	95	16	represent	represent	VERB
eistud-12807	95	17	monetary	monetary	ADJ
eistud-12807	95	18	policy	policy	NOUN
eistud-12807	95	19	exogenous	exogenous	ADJ
eistud-12807	95	20	shocks	shock	NOUN
eistud-12807	95	21	as	as	ADV
eistud-12807	95	22	well	well	ADV
eistud-12807	95	23	as	as	ADP
eistud-12807	95	24	endogenous	endogenous	ADJ
eistud-12807	95	25	reactions	reaction	NOUN
eistud-12807	95	26	to	to	ADP
eistud-12807	95	27	some	some	DET
eistud-12807	95	28	other	other	ADJ
eistud-12807	95	29	variables	variable	NOUN
eistud-12807	95	30	and	and	CCONJ
eistud-12807	95	31	shocks	shock	NOUN
eistud-12807	95	32	.	.	PUNCT
eistud-12807	96	1	this	this	PRON
eistud-12807	96	2	is	be	AUX
eistud-12807	96	3	invariant	invariant	ADJ
eistud-12807	96	4	with	with	ADP
eistud-12807	96	5	operating	operating	NOUN
eistud-12807	96	6	procedures	procedure	NOUN
eistud-12807	96	7	and	and	CCONJ
eistud-12807	96	8	regimes	regime	NOUN
eistud-12807	96	9	,	,	PUNCT
eistud-12807	96	10	as	as	SCONJ
eistud-12807	96	11	monetary	monetary	ADJ
eistud-12807	96	12	imbalance	imbalance	NOUN
eistud-12807	96	13	is	be	AUX
eistud-12807	96	14	the	the	DET
eistud-12807	96	15	cause	cause	NOUN
eistud-12807	96	16	of	of	ADP
eistud-12807	96	17	inflation	inflation	NOUN
eistud-12807	96	18	and	and	CCONJ
eistud-12807	96	19	money	money	NOUN
eistud-12807	96	20	is	be	AUX
eistud-12807	96	21	neutral	neutral	ADJ
eistud-12807	96	22	in	in	ADP
eistud-12807	96	23	the	the	DET
eistud-12807	96	24	long	long	ADJ
eistud-12807	96	25	run	run	NOUN
eistud-12807	96	26	.	.	PUNCT
eistud-12807	97	1	it	it	PRON
eistud-12807	97	2	is	be	AUX
eistud-12807	97	3	possible	possible	ADJ
eistud-12807	97	4	to	to	PART
eistud-12807	97	5	implement	implement	VERB
eistud-12807	97	6	the	the	DET
eistud-12807	97	7	abovementioned	abovementioned	ADJ
eistud-12807	97	8	method	method	NOUN
eistud-12807	97	9	for	for	ADP
eistud-12807	97	10	capturing	capture	VERB
eistud-12807	97	11	monetary	monetary	ADJ
eistud-12807	97	12	policy	policy	NOUN
eistud-12807	97	13	stance	stance	NOUN
eistud-12807	97	14	in	in	ADP
eistud-12807	97	15	international	international	ADJ
eistud-12807	97	16	comparative	comparative	ADJ
eistud-12807	97	17	studies	study	NOUN
eistud-12807	97	18	and	and	CCONJ
eistud-12807	97	19	in	in	ADP
eistud-12807	97	20	research	research	NOUN
eistud-12807	97	21	focused	focus	VERB
eistud-12807	97	22	on	on	ADP
eistud-12807	97	23	international	international	ADJ
eistud-12807	97	24	interdependency	interdependency	NOUN
eistud-12807	97	25	and	and	CCONJ
eistud-12807	97	26	economic	economic	ADJ
eistud-12807	97	27	integration	integration	NOUN
eistud-12807	97	28	studies	study	NOUN
eistud-12807	97	29	(	(	PUNCT
eistud-12807	97	30	mlodkowski	mlodkowski	NOUN
eistud-12807	97	31	,	,	PUNCT
eistud-12807	97	32	2008	2008	NUM
eistud-12807	97	33	)	)	PUNCT
eistud-12807	97	34	.	.	PUNCT
eistud-12807	98	1	the	the	DET
eistud-12807	98	2	empirical	empirical	ADJ
eistud-12807	98	3	exercise	exercise	NOUN
eistud-12807	98	4	that	that	PRON
eistud-12807	98	5	follows	follow	VERB
eistud-12807	98	6	offers	offer	VERB
eistud-12807	98	7	an	an	DET
eistud-12807	98	8	in	in	ADP
eistud-12807	98	9	-	-	PUNCT
eistud-12807	98	10	depth	depth	NOUN
eistud-12807	98	11	insight	insight	NOUN
eistud-12807	98	12	into	into	ADP
eistud-12807	98	13	economic	economic	ADJ
eistud-12807	98	14	integration	integration	NOUN
eistud-12807	98	15	over	over	ADP
eistud-12807	98	16	time	time	NOUN
eistud-12807	98	17	in	in	ADP
eistud-12807	98	18	monetary	monetary	ADJ
eistud-12807	98	19	policy	policy	NOUN
eistud-12807	98	20	stance	stance	NOUN
eistud-12807	98	21	.	.	PUNCT
eistud-12807	99	1	as	as	ADP
eistud-12807	99	2	such	such	ADJ
eistud-12807	99	3	,	,	PUNCT
eistud-12807	99	4	it	it	PRON
eistud-12807	99	5	is	be	AUX
eistud-12807	99	6	a	a	DET
eistud-12807	99	7	valuable	valuable	ADJ
eistud-12807	99	8	reference	reference	NOUN
eistud-12807	99	9	for	for	ADP
eistud-12807	99	10	any	any	DET
eistud-12807	99	11	discussion	discussion	NOUN
eistud-12807	99	12	on	on	ADP
eistud-12807	99	13	the	the	DET
eistud-12807	99	14	causes	cause	NOUN
eistud-12807	99	15	and	and	CCONJ
eistud-12807	99	16	consequences	consequence	NOUN
eistud-12807	99	17	of	of	ADP
eistud-12807	99	18	regional	regional	ADJ
eistud-12807	99	19	economic	economic	ADJ
eistud-12807	99	20	cooperation	cooperation	NOUN
eistud-12807	99	21	,	,	PUNCT
eistud-12807	99	22	like	like	ADP
eistud-12807	99	23	the	the	DET
eistud-12807	99	24	gcc	gcc	NOUN
eistud-12807	99	25	initiative	initiative	NOUN
eistud-12807	99	26	,	,	PUNCT
eistud-12807	99	27	that	that	PRON
eistud-12807	99	28	aims	aim	VERB
eistud-12807	99	29	to	to	PART
eistud-12807	99	30	mimic	mimic	VERB
eistud-12807	99	31	the	the	DET
eistud-12807	99	32	one	one	NOUN
eistud-12807	99	33	in	in	ADP
eistud-12807	99	34	europe	europe	PROPN
eistud-12807	99	35	.	.	PUNCT
eistud-12807	100	1	the	the	DET
eistud-12807	100	2	persian	persian	PROPN
eistud-12807	100	3	gulf	gulf	PROPN
eistud-12807	100	4	and	and	CCONJ
eistud-12807	100	5	its	its	PRON
eistud-12807	100	6	coast	coast	NOUN
eistud-12807	100	7	is	be	AUX
eistud-12807	100	8	a	a	DET
eistud-12807	100	9	strategic	strategic	ADJ
eistud-12807	100	10	region	region	NOUN
eistud-12807	100	11	for	for	ADP
eistud-12807	100	12	the	the	DET
eistud-12807	100	13	global	global	ADJ
eistud-12807	100	14	economy	economy	NOUN
eistud-12807	100	15	.	.	PUNCT
eistud-12807	101	1	it	it	PRON
eistud-12807	101	2	contains	contain	VERB
eistud-12807	101	3	the	the	DET
eistud-12807	101	4	biggest	big	ADJ
eistud-12807	101	5	reserves	reserve	NOUN
eistud-12807	101	6	of	of	ADP
eistud-12807	101	7	crude	crude	ADJ
eistud-12807	101	8	oil	oil	NOUN
eistud-12807	101	9	in	in	ADP
eistud-12807	101	10	the	the	DET
eistud-12807	101	11	world	world	NOUN
eistud-12807	101	12	.	.	PUNCT
eistud-12807	102	1	according	accord	VERB
eistud-12807	102	2	to	to	ADP
eistud-12807	102	3	opec	opec	PROPN
eistud-12807	102	4	statistics	statistic	NOUN
eistud-12807	102	5	,	,	PUNCT
eistud-12807	102	6	this	this	DET
eistud-12807	102	7	region1	region1	NOUN
eistud-12807	102	8	is	be	AUX
eistud-12807	102	9	in	in	ADP
eistud-12807	102	10	possession	possession	NOUN
eistud-12807	102	11	of	of	ADP
eistud-12807	102	12	almost	almost	ADV
eistud-12807	102	13	64	64	NUM
eistud-12807	102	14	%	%	NOUN
eistud-12807	102	15	of	of	ADP
eistud-12807	102	16	proven	prove	VERB
eistud-12807	102	17	total	total	ADJ
eistud-12807	102	18	crude	crude	ADJ
eistud-12807	102	19	oil	oil	NOUN
eistud-12807	102	20	reserves	reserve	NOUN
eistud-12807	102	21	.	.	PUNCT
eistud-12807	103	1	the	the	DET
eistud-12807	103	2	gulf	gulf	PROPN
eistud-12807	103	3	cooperation	cooperation	NOUN
eistud-12807	103	4	council	council	PROPN
eistud-12807	103	5	gathers	gather	VERB
eistud-12807	103	6	five	five	NUM
eistud-12807	103	7	out	out	ADP
eistud-12807	103	8	of	of	ADP
eistud-12807	103	9	seven	seven	NUM
eistud-12807	103	10	countries	country	NOUN
eistud-12807	103	11	that	that	PRON
eistud-12807	103	12	are	be	AUX
eistud-12807	103	13	located	locate	VERB
eistud-12807	103	14	in	in	ADP
eistud-12807	103	15	the	the	DET
eistud-12807	103	16	arab	arab	PROPN
eistud-12807	103	17	gulf	gulf	PROPN
eistud-12807	103	18	,	,	PUNCT
eistud-12807	103	19	namely	namely	ADV
eistud-12807	103	20	kuwait	kuwait	PROPN
eistud-12807	103	21	,	,	PUNCT
eistud-12807	103	22	saudi	saudi	PROPN
eistud-12807	103	23	arabia	arabia	PROPN
eistud-12807	103	24	,	,	PUNCT
eistud-12807	103	25	bahrain	bahrain	NOUN
eistud-12807	103	26	,	,	PUNCT
eistud-12807	103	27	qatar	qatar	PROPN
eistud-12807	103	28	,	,	PUNCT
eistud-12807	103	29	and	and	CCONJ
eistud-12807	103	30	united	united	PROPN
eistud-12807	103	31	arab	arab	PROPN
eistud-12807	103	32	emirates	emirates	PROPN
eistud-12807	103	33	.	.	PUNCT
eistud-12807	104	1	oman	oman	PROPN
eistud-12807	104	2	is	be	AUX
eistud-12807	104	3	the	the	DET
eistud-12807	104	4	last	last	ADJ
eistud-12807	104	5	member	member	NOUN
eistud-12807	104	6	,	,	PUNCT
eistud-12807	104	7	although	although	SCONJ
eistud-12807	104	8	not	not	PART
eistud-12807	104	9	regarded	regard	VERB
eistud-12807	104	10	as	as	ADP
eistud-12807	104	11	located	locate	VERB
eistud-12807	104	12	in	in	ADP
eistud-12807	104	13	the	the	DET
eistud-12807	104	14	arab	arab	PROPN
eistud-12807	104	15	gulf	gulf	PROPN
eistud-12807	104	16	.	.	PUNCT
eistud-12807	105	1	however	however	ADV
eistud-12807	105	2	,	,	PUNCT
eistud-12807	105	3	it	it	PRON
eistud-12807	105	4	is	be	AUX
eistud-12807	105	5	of	of	ADP
eistud-12807	105	6	strategic	strategic	ADJ
eistud-12807	105	7	importance	importance	NOUN
eistud-12807	105	8	due	due	ADP
eistud-12807	105	9	to	to	ADP
eistud-12807	105	10	its	its	PRON
eistud-12807	105	11	neighborhood	neighborhood	NOUN
eistud-12807	105	12	with	with	ADP
eistud-12807	105	13	the	the	DET
eistud-12807	105	14	strait	strait	NOUN
eistud-12807	105	15	of	of	ADP
eistud-12807	105	16	hormuz	hormuz	PROPN
eistud-12807	105	17	.	.	PUNCT
eistud-12807	106	1	this	this	PRON
eistud-12807	106	2	is	be	AUX
eistud-12807	106	3	the	the	DET
eistud-12807	106	4	only	only	ADJ
eistud-12807	106	5	water	water	NOUN
eistud-12807	106	6	passage	passage	NOUN
eistud-12807	106	7	leading	lead	VERB
eistud-12807	106	8	from	from	ADP
eistud-12807	106	9	the	the	DET
eistud-12807	106	10	persian	persian	PROPN
eistud-12807	106	11	gulf	gulf	PROPN
eistud-12807	106	12	to	to	ADP
eistud-12807	106	13	the	the	DET
eistud-12807	106	14	open	open	PROPN
eistud-12807	106	15	sea	sea	PROPN
eistud-12807	106	16	.	.	PUNCT
eistud-12807	107	1	according	accord	VERB
eistud-12807	107	2	to	to	ADP
eistud-12807	107	3	energy	energy	NOUN
eistud-12807	107	4	information	information	NOUN
eistud-12807	107	5	administration	administration	NOUN
eistud-12807	107	6	,	,	PUNCT
eistud-12807	107	7	about	about	ADV
eistud-12807	107	8	90	90	NUM
eistud-12807	107	9	%	%	NOUN
eistud-12807	107	10	of	of	ADP
eistud-12807	107	11	oil	oil	NOUN
eistud-12807	107	12	transited	transit	VERB
eistud-12807	107	13	from	from	ADP
eistud-12807	107	14	the	the	DET
eistud-12807	107	15	arab	arab	PROPN
eistud-12807	107	16	gulf	gulf	PROPN
eistud-12807	107	17	went	go	VERB
eistud-12807	107	18	through	through	ADP
eistud-12807	107	19	the	the	DET
eistud-12807	107	20	strait	strait	NOUN
eistud-12807	107	21	of	of	ADP
eistud-12807	107	22	hormuz	hormuz	PROPN
eistud-12807	107	23	.	.	PUNCT
eistud-12807	108	1	taking	take	VERB
eistud-12807	108	2	into	into	ADP
eistud-12807	108	3	consideration	consideration	NOUN
eistud-12807	108	4	all	all	PRON
eistud-12807	108	5	of	of	ADP
eistud-12807	108	6	these	these	DET
eistud-12807	108	7	factors	factor	NOUN
eistud-12807	108	8	,	,	PUNCT
eistud-12807	108	9	the	the	DET
eistud-12807	108	10	importance	importance	NOUN
eistud-12807	108	11	of	of	ADP
eistud-12807	108	12	the	the	DET
eistud-12807	108	13	gcc	gcc	NOUN
eistud-12807	108	14	countries	country	NOUN
eistud-12807	108	15	for	for	ADP
eistud-12807	108	16	the	the	DET
eistud-12807	108	17	international	international	ADJ
eistud-12807	108	18	economic	economic	ADJ
eistud-12807	108	19	relations	relation	NOUN
eistud-12807	108	20	can	can	AUX
eistud-12807	108	21	not	not	PART
eistud-12807	108	22	be	be	AUX
eistud-12807	108	23	underestimated	underestimate	VERB
eistud-12807	108	24	.	.	PUNCT
eistud-12807	109	1	given	give	VERB
eistud-12807	109	2	the	the	DET
eistud-12807	109	3	historical	historical	ADJ
eistud-12807	109	4	instability	instability	NOUN
eistud-12807	109	5	in	in	ADP
eistud-12807	109	6	the	the	DET
eistud-12807	109	7	gcc	gcc	NOUN
eistud-12807	109	8	region	region	NOUN
eistud-12807	109	9	,	,	PUNCT
eistud-12807	109	10	the	the	DET
eistud-12807	109	11	economic	economic	ADJ
eistud-12807	109	12	and	and	CCONJ
eistud-12807	109	13	monetary	monetary	ADJ
eistud-12807	109	14	integration	integration	NOUN
eistud-12807	109	15	could	could	AUX
eistud-12807	109	16	be	be	AUX
eistud-12807	109	17	desirable	desirable	ADJ
eistud-12807	109	18	for	for	ADP
eistud-12807	109	19	the	the	DET
eistud-12807	109	20	purpose	purpose	NOUN
eistud-12807	109	21	of	of	ADP
eistud-12807	109	22	maintaining	maintain	VERB
eistud-12807	109	23	sustainable	sustainable	ADJ
eistud-12807	109	24	growth	growth	NOUN
eistud-12807	109	25	and	and	CCONJ
eistud-12807	109	26	peace	peace	NOUN
eistud-12807	109	27	.	.	PUNCT
eistud-12807	110	1	this	this	PRON
eistud-12807	110	2	would	would	AUX
eistud-12807	110	3	firm	firm	VERB
eistud-12807	110	4	the	the	DET
eistud-12807	110	5	connections	connection	NOUN
eistud-12807	110	6	between	between	ADP
eistud-12807	110	7	the	the	DET
eistud-12807	110	8	members	member	NOUN
eistud-12807	110	9	and	and	CCONJ
eistud-12807	110	10	create	create	VERB
eistud-12807	110	11	collective	collective	ADJ
eistud-12807	110	12	security	security	NOUN
eistud-12807	110	13	in	in	ADP
eistud-12807	110	14	face	face	NOUN
eistud-12807	110	15	of	of	ADP
eistud-12807	110	16	external	external	ADJ
eistud-12807	110	17	threats	threat	NOUN
eistud-12807	110	18	.	.	PUNCT
eistud-12807	111	1	it	it	PRON
eistud-12807	111	2	could	could	AUX
eistud-12807	111	3	also	also	ADV
eistud-12807	111	4	soothe	soothe	VERB
eistud-12807	111	5	some	some	DET
eistud-12807	111	6	border	border	NOUN
eistud-12807	111	7	conflicts	conflict	NOUN
eistud-12807	111	8	that	that	PRON
eistud-12807	111	9	are	be	AUX
eistud-12807	111	10	still	still	ADV
eistud-12807	111	11	present	present	ADJ
eistud-12807	111	12	.	.	PUNCT
eistud-12807	112	1	indeed	indeed	ADV
eistud-12807	112	2	,	,	PUNCT
eistud-12807	112	3	the	the	DET
eistud-12807	112	4	gcc	gcc	NOUN
eistud-12807	112	5	planned	plan	VERB
eistud-12807	112	6	to	to	PART
eistud-12807	112	7	introduce	introduce	VERB
eistud-12807	112	8	a	a	DET
eistud-12807	112	9	common	common	ADJ
eistud-12807	112	10	currency	currency	NOUN
eistud-12807	112	11	already	already	ADV
eistud-12807	112	12	in	in	ADP
eistud-12807	112	13	2010	2010	NUM
eistud-12807	112	14	.	.	PUNCT
eistud-12807	113	1	however	however	ADV
eistud-12807	113	2	,	,	PUNCT
eistud-12807	113	3	due	due	ADP
eistud-12807	113	4	to	to	ADP
eistud-12807	113	5	global	global	ADJ
eistud-12807	113	6	financial	financial	ADJ
eistud-12807	113	7	crisis	crisis	NOUN
eistud-12807	113	8	and	and	CCONJ
eistud-12807	113	9	its	its	PRON
eistud-12807	113	10	waves	wave	NOUN
eistud-12807	113	11	,	,	PUNCT
eistud-12807	113	12	the	the	DET
eistud-12807	113	13	idea	idea	NOUN
eistud-12807	113	14	has	have	AUX
eistud-12807	113	15	been	be	AUX
eistud-12807	113	16	abandoned	abandon	VERB
eistud-12807	113	17	by	by	ADP
eistud-12807	113	18	governments	government	NOUN
eistud-12807	113	19	of	of	ADP
eistud-12807	113	20	some	some	PRON
eistud-12807	113	21	of	of	ADP
eistud-12807	113	22	the	the	DET
eistud-12807	113	23	gcc	gcc	NOUN
eistud-12807	113	24	countries	country	NOUN
eistud-12807	113	25	.	.	PUNCT
eistud-12807	114	1	apart	apart	ADV
eistud-12807	114	2	from	from	ADP
eistud-12807	114	3	political	political	ADJ
eistud-12807	114	4	rationale	rationale	NOUN
eistud-12807	114	5	,	,	PUNCT
eistud-12807	114	6	there	there	PRON
eistud-12807	114	7	is	be	VERB
eistud-12807	114	8	a	a	DET
eistud-12807	114	9	set	set	NOUN
eistud-12807	114	10	of	of	ADP
eistud-12807	114	11	crucial	crucial	ADJ
eistud-12807	114	12	economic	economic	ADJ
eistud-12807	114	13	benefits	benefit	NOUN
eistud-12807	114	14	that	that	PRON
eistud-12807	114	15	a	a	DET
eistud-12807	114	16	group	group	NOUN
eistud-12807	114	17	of	of	ADP
eistud-12807	114	18	highly	highly	ADV
eistud-12807	114	19	integrated	integrate	VERB
eistud-12807	114	20	countries	country	NOUN
eistud-12807	114	21	could	could	AUX
eistud-12807	114	22	capture	capture	VERB
eistud-12807	114	23	,	,	PUNCT
eistud-12807	114	24	if	if	SCONJ
eistud-12807	114	25	a	a	DET
eistud-12807	114	26	common	common	ADJ
eistud-12807	114	27	market	market	NOUN
eistud-12807	114	28	and	and	CCONJ
eistud-12807	114	29	a	a	DET
eistud-12807	114	30	common	common	ADJ
eistud-12807	114	31	currency	currency	NOUN
eistud-12807	114	32	are	be	AUX
eistud-12807	114	33	effectively	effectively	ADV
eistud-12807	114	34	achieved	achieve	VERB
eistud-12807	114	35	.	.	PUNCT
eistud-12807	115	1	first	first	ADV
eistud-12807	115	2	of	of	ADP
eistud-12807	115	3	all	all	PRON
eistud-12807	115	4	,	,	PUNCT
eistud-12807	115	5	a	a	DET
eistud-12807	115	6	single	single	ADJ
eistud-12807	115	7	currency	currency	NOUN
eistud-12807	115	8	in	in	ADP
eistud-12807	115	9	the	the	DET
eistud-12807	115	10	gcc	gcc	NOUN
eistud-12807	115	11	region	region	NOUN
eistud-12807	115	12	will	will	AUX
eistud-12807	115	13	lead	lead	VERB
eistud-12807	115	14	to	to	ADP
eistud-12807	115	15	the	the	DET
eistud-12807	115	16	removal	removal	NOUN
eistud-12807	115	17	of	of	ADP
eistud-12807	115	18	the	the	DET
eistud-12807	115	19	transaction	transaction	NOUN
eistud-12807	115	20	costs	cost	NOUN
eistud-12807	115	21	(	(	PUNCT
eistud-12807	115	22	mlodkowski	mlodkowski	NOUN
eistud-12807	115	23	,	,	PUNCT
eistud-12807	115	24	2013	2013	NUM
eistud-12807	115	25	)	)	PUNCT
eistud-12807	115	26	.	.	PUNCT
eistud-12807	116	1	as	as	SCONJ
eistud-12807	116	2	proved	prove	VERB
eistud-12807	116	3	,	,	PUNCT
eistud-12807	116	4	in	in	ADP
eistud-12807	116	5	a	a	DET
eistud-12807	116	6	formal	formal	ADJ
eistud-12807	116	7	theoretical	theoretical	ADJ
eistud-12807	116	8	model	model	NOUN
eistud-12807	116	9	by	by	ADP
eistud-12807	116	10	mlodkowski	mlodkowski	PROPN
eistud-12807	116	11	&	&	CCONJ
eistud-12807	116	12	bywaters	bywaters	PROPN
eistud-12807	116	13	(	(	PUNCT
eistud-12807	116	14	2012	2012	NUM
eistud-12807	116	15	)	)	PUNCT
eistud-12807	116	16	,	,	PUNCT
eistud-12807	116	17	such	such	ADJ
eistud-12807	116	18	situation	situation	NOUN
eistud-12807	116	19	fuels	fuel	VERB
eistud-12807	116	20	economic	economic	ADJ
eistud-12807	116	21	growth	growth	NOUN
eistud-12807	116	22	.	.	PUNCT
eistud-12807	117	1	in	in	ADP
eistud-12807	117	2	addition	addition	NOUN
eistud-12807	117	3	,	,	PUNCT
eistud-12807	117	4	companies	company	NOUN
eistud-12807	117	5	operating	operate	VERB
eistud-12807	117	6	in	in	ADP
eistud-12807	117	7	more	more	ADJ
eistud-12807	117	8	than	than	ADP
eistud-12807	117	9	one	one	NUM
eistud-12807	117	10	country	country	NOUN
eistud-12807	117	11	will	will	AUX
eistud-12807	117	12	be	be	AUX
eistud-12807	117	13	able	able	ADJ
eistud-12807	117	14	1	1	NUM
eistud-12807	117	15	including	include	VERB
eistud-12807	117	16	iran	iran	PROPN
eistud-12807	117	17	,	,	PUNCT
eistud-12807	117	18	iraq	iraq	PROPN
eistud-12807	117	19	,	,	PUNCT
eistud-12807	117	20	saudi	saudi	PROPN
eistud-12807	117	21	arabia	arabia	PROPN
eistud-12807	117	22	,	,	PUNCT
eistud-12807	117	23	kuwait	kuwait	PROPN
eistud-12807	117	24	,	,	PUNCT
eistud-12807	117	25	qatar	qatar	PROPN
eistud-12807	117	26	,	,	PUNCT
eistud-12807	117	27	united	united	PROPN
eistud-12807	117	28	arab	arab	PROPN
eistud-12807	117	29	emirates	emirates	PROPN
eistud-12807	117	30	and	and	CCONJ
eistud-12807	117	31	oman	oman	PROPN
eistud-12807	117	32	.	.	PUNCT
eistud-12807	118	1	short	short	ADJ
eistud-12807	118	2	history	history	NOUN
eistud-12807	118	3	of	of	ADP
eistud-12807	118	4	the	the	DET
eistud-12807	118	5	gcc	gcc	NOUN
eistud-12807	118	6	economic	economic	ADJ
eistud-12807	118	7	integration	integration	NOUN
eistud-12807	118	8	european	european	ADJ
eistud-12807	118	9	integrat	integrat	NOUN
eistud-12807	118	10	ion	ion	NOUN
eistud-12807	118	11	studies	study	NOUN
eistud-12807	118	12	2015/9	2015/9	NUM
eistud-12807	118	13	202	202	NUM
eistud-12807	118	14	to	to	PART
eistud-12807	118	15	reduce	reduce	VERB
eistud-12807	118	16	costs	cost	NOUN
eistud-12807	118	17	,	,	PUNCT
eistud-12807	118	18	and	and	CCONJ
eistud-12807	118	19	delivery	delivery	NOUN
eistud-12807	118	20	time	time	NOUN
eistud-12807	118	21	of	of	ADP
eistud-12807	118	22	cross	cross	ADJ
eistud-12807	118	23	-	-	ADJ
eistud-12807	118	24	border	border	ADJ
eistud-12807	118	25	money	money	NOUN
eistud-12807	118	26	transfers	transfer	NOUN
eistud-12807	118	27	.	.	PUNCT
eistud-12807	119	1	another	another	DET
eistud-12807	119	2	benefit	benefit	NOUN
eistud-12807	119	3	is	be	AUX
eistud-12807	119	4	the	the	DET
eistud-12807	119	5	elimination	elimination	NOUN
eistud-12807	119	6	of	of	ADP
eistud-12807	119	7	the	the	DET
eistud-12807	119	8	uncertainty	uncertainty	NOUN
eistud-12807	119	9	about	about	ADP
eistud-12807	119	10	the	the	DET
eistud-12807	119	11	foreign	foreign	ADJ
eistud-12807	119	12	exchange	exchange	NOUN
eistud-12807	119	13	rates	rate	NOUN
eistud-12807	119	14	that	that	PRON
eistud-12807	119	15	may	may	AUX
eistud-12807	119	16	inhibit	inhibit	VERB
eistud-12807	119	17	the	the	DET
eistud-12807	119	18	foreign	foreign	ADJ
eistud-12807	119	19	trade	trade	NOUN
eistud-12807	119	20	to	to	ADP
eistud-12807	119	21	some	some	DET
eistud-12807	119	22	extent	extent	NOUN
eistud-12807	119	23	(	(	PUNCT
eistud-12807	119	24	mlodkowski	mlodkowski	NOUN
eistud-12807	119	25	,	,	PUNCT
eistud-12807	119	26	2007	2007	NUM
eistud-12807	119	27	)	)	PUNCT
eistud-12807	119	28	.	.	PUNCT
eistud-12807	120	1	the	the	DET
eistud-12807	120	2	favorable	favorable	ADJ
eistud-12807	120	3	consequences	consequence	NOUN
eistud-12807	120	4	of	of	ADP
eistud-12807	120	5	the	the	DET
eistud-12807	120	6	common	common	ADJ
eistud-12807	120	7	currency	currency	NOUN
eistud-12807	120	8	in	in	ADP
eistud-12807	120	9	this	this	DET
eistud-12807	120	10	aspect	aspect	NOUN
eistud-12807	120	11	include	include	VERB
eistud-12807	120	12	the	the	DET
eistud-12807	120	13	increase	increase	NOUN
eistud-12807	120	14	of	of	ADP
eistud-12807	120	15	the	the	DET
eistud-12807	120	16	general	general	ADJ
eistud-12807	120	17	economic	economic	ADJ
eistud-12807	120	18	efficiency	efficiency	NOUN
eistud-12807	120	19	,	,	PUNCT
eistud-12807	120	20	and	and	CCONJ
eistud-12807	120	21	further	further	ADJ
eistud-12807	120	22	economic	economic	ADJ
eistud-12807	120	23	integration	integration	NOUN
eistud-12807	120	24	via	via	ADP
eistud-12807	120	25	intensified	intensify	VERB
eistud-12807	120	26	intraregional	intraregional	ADJ
eistud-12807	120	27	trade	trade	NOUN
eistud-12807	120	28	in	in	ADP
eistud-12807	120	29	the	the	DET
eistud-12807	120	30	non	non	ADJ
eistud-12807	120	31	-	-	ADJ
eistud-12807	120	32	oil	oil	ADJ
eistud-12807	120	33	sectors	sector	NOUN
eistud-12807	120	34	.	.	PUNCT
eistud-12807	121	1	this	this	PRON
eistud-12807	121	2	is	be	AUX
eistud-12807	121	3	particularly	particularly	ADV
eistud-12807	121	4	important	important	ADJ
eistud-12807	121	5	for	for	ADP
eistud-12807	121	6	the	the	DET
eistud-12807	121	7	gcc	gcc	NOUN
eistud-12807	121	8	fiscal	fiscal	ADJ
eistud-12807	121	9	stability	stability	NOUN
eistud-12807	121	10	.	.	PUNCT
eistud-12807	122	1	finally	finally	ADV
eistud-12807	122	2	,	,	PUNCT
eistud-12807	122	3	the	the	DET
eistud-12807	122	4	gcc	gcc	NOUN
eistud-12807	122	5	members	member	NOUN
eistud-12807	122	6	with	with	ADP
eistud-12807	122	7	a	a	DET
eistud-12807	122	8	common	common	ADJ
eistud-12807	122	9	currency	currency	NOUN
eistud-12807	122	10	and	and	CCONJ
eistud-12807	122	11	common	common	ADJ
eistud-12807	122	12	customs	custom	NOUN
eistud-12807	122	13	policy	policy	NOUN
eistud-12807	122	14	could	could	AUX
eistud-12807	122	15	strengthen	strengthen	VERB
eistud-12807	122	16	their	their	PRON
eistud-12807	122	17	bargaining	bargaining	NOUN
eistud-12807	122	18	power	power	NOUN
eistud-12807	122	19	in	in	ADP
eistud-12807	122	20	negotiating	negotiate	VERB
eistud-12807	122	21	trade	trade	NOUN
eistud-12807	122	22	agreements	agreement	NOUN
eistud-12807	122	23	.	.	PUNCT
eistud-12807	123	1	next	next	ADJ
eistud-12807	123	2	to	to	ADP
eistud-12807	123	3	the	the	DET
eistud-12807	123	4	benefits	benefit	NOUN
eistud-12807	123	5	of	of	ADP
eistud-12807	123	6	a	a	DET
eistud-12807	123	7	common	common	ADJ
eistud-12807	123	8	currency	currency	NOUN
eistud-12807	123	9	,	,	PUNCT
eistud-12807	123	10	there	there	PRON
eistud-12807	123	11	are	be	VERB
eistud-12807	123	12	some	some	DET
eistud-12807	123	13	potential	potential	ADJ
eistud-12807	123	14	drawbacks	drawback	NOUN
eistud-12807	123	15	as	as	ADV
eistud-12807	123	16	well	well	ADV
eistud-12807	123	17	.	.	PUNCT
eistud-12807	124	1	this	this	PRON
eistud-12807	124	2	basically	basically	ADV
eistud-12807	124	3	originates	originate	VERB
eistud-12807	124	4	from	from	ADP
eistud-12807	124	5	the	the	DET
eistud-12807	124	6	fact	fact	NOUN
eistud-12807	124	7	that	that	SCONJ
eistud-12807	124	8	,	,	PUNCT
eistud-12807	124	9	all	all	PRON
eistud-12807	124	10	of	of	ADP
eistud-12807	124	11	the	the	DET
eistud-12807	124	12	members	member	NOUN
eistud-12807	124	13	will	will	AUX
eistud-12807	124	14	have	have	AUX
eistud-12807	124	15	to	to	PART
eistud-12807	124	16	give	give	VERB
eistud-12807	124	17	away	away	ADP
eistud-12807	124	18	a	a	DET
eistud-12807	124	19	portion	portion	NOUN
eistud-12807	124	20	of	of	ADP
eistud-12807	124	21	their	their	PRON
eistud-12807	124	22	autonomy	autonomy	NOUN
eistud-12807	124	23	both	both	CCONJ
eistud-12807	124	24	in	in	ADP
eistud-12807	124	25	monetary	monetary	NOUN
eistud-12807	124	26	,	,	PUNCT
eistud-12807	124	27	as	as	ADV
eistud-12807	124	28	well	well	ADV
eistud-12807	124	29	as	as	ADP
eistud-12807	124	30	in	in	ADP
eistud-12807	124	31	fiscal	fiscal	ADJ
eistud-12807	124	32	policy	policy	NOUN
eistud-12807	124	33	(	(	PUNCT
eistud-12807	124	34	mlodkowski	mlodkowski	NOUN
eistud-12807	124	35	,	,	PUNCT
eistud-12807	124	36	2008	2008	NUM
eistud-12807	124	37	)	)	PUNCT
eistud-12807	124	38	.	.	PUNCT
eistud-12807	125	1	the	the	DET
eistud-12807	125	2	implication	implication	NOUN
eistud-12807	125	3	is	be	AUX
eistud-12807	125	4	that	that	SCONJ
eistud-12807	125	5	no	no	DET
eistud-12807	125	6	country	country	NOUN
eistud-12807	125	7	will	will	AUX
eistud-12807	125	8	be	be	AUX
eistud-12807	125	9	able	able	ADJ
eistud-12807	125	10	to	to	PART
eistud-12807	125	11	change	change	VERB
eistud-12807	125	12	the	the	DET
eistud-12807	125	13	value	value	NOUN
eistud-12807	125	14	of	of	ADP
eistud-12807	125	15	its	its	PRON
eistud-12807	125	16	currency	currency	NOUN
eistud-12807	125	17	against	against	ADP
eistud-12807	125	18	another	another	DET
eistud-12807	125	19	currency	currency	NOUN
eistud-12807	125	20	in	in	ADP
eistud-12807	125	21	case	case	NOUN
eistud-12807	125	22	of	of	ADP
eistud-12807	125	23	some	some	DET
eistud-12807	125	24	macroeconomic	macroeconomic	ADJ
eistud-12807	125	25	problems	problem	NOUN
eistud-12807	125	26	.	.	PUNCT
eistud-12807	126	1	however	however	ADV
eistud-12807	126	2	,	,	PUNCT
eistud-12807	126	3	there	there	PRON
eistud-12807	126	4	is	be	VERB
eistud-12807	126	5	a	a	DET
eistud-12807	126	6	very	very	ADV
eistud-12807	126	7	good	good	ADJ
eistud-12807	126	8	argument	argument	NOUN
eistud-12807	126	9	against	against	ADP
eistud-12807	126	10	this	this	DET
eistud-12807	126	11	theoretical	theoretical	ADJ
eistud-12807	126	12	drawback	drawback	NOUN
eistud-12807	126	13	.	.	PUNCT
eistud-12807	127	1	for	for	ADP
eistud-12807	127	2	most	most	ADJ
eistud-12807	127	3	of	of	ADP
eistud-12807	127	4	the	the	DET
eistud-12807	127	5	gcc	gcc	NOUN
eistud-12807	127	6	countries	country	NOUN
eistud-12807	127	7	the	the	DET
eistud-12807	127	8	fixed	fix	VERB
eistud-12807	127	9	exchange	exchange	NOUN
eistud-12807	127	10	rate	rate	NOUN
eistud-12807	127	11	regime	regime	NOUN
eistud-12807	127	12	operated	operate	VERB
eistud-12807	127	13	successfully	successfully	ADV
eistud-12807	127	14	for	for	ADP
eistud-12807	127	15	many	many	ADJ
eistud-12807	127	16	years	year	NOUN
eistud-12807	127	17	.	.	PUNCT
eistud-12807	128	1	there	there	PRON
eistud-12807	128	2	was	be	VERB
eistud-12807	128	3	no	no	DET
eistud-12807	128	4	need	need	NOUN
eistud-12807	128	5	to	to	PART
eistud-12807	128	6	use	use	VERB
eistud-12807	128	7	depreciation	depreciation	NOUN
eistud-12807	128	8	in	in	ADP
eistud-12807	128	9	order	order	NOUN
eistud-12807	128	10	to	to	PART
eistud-12807	128	11	deal	deal	VERB
eistud-12807	128	12	with	with	ADP
eistud-12807	128	13	external	external	ADJ
eistud-12807	128	14	imbalance	imbalance	NOUN
eistud-12807	128	15	.	.	PUNCT
eistud-12807	129	1	instead	instead	ADV
eistud-12807	129	2	,	,	PUNCT
eistud-12807	129	3	this	this	PRON
eistud-12807	129	4	is	be	AUX
eistud-12807	129	5	the	the	DET
eistud-12807	129	6	fiscal	fiscal	ADJ
eistud-12807	129	7	policy	policy	NOUN
eistud-12807	129	8	that	that	PRON
eistud-12807	129	9	has	have	VERB
eistud-12807	129	10	to	to	PART
eistud-12807	129	11	handle	handle	VERB
eistud-12807	129	12	any	any	DET
eistud-12807	129	13	internal	internal	ADJ
eistud-12807	129	14	imbalances	imbalance	NOUN
eistud-12807	129	15	(	(	PUNCT
eistud-12807	129	16	mlodkowski	mlodkowski	NOUN
eistud-12807	129	17	,	,	PUNCT
eistud-12807	129	18	2009	2009	NUM
eistud-12807	129	19	)	)	PUNCT
eistud-12807	129	20	.	.	PUNCT
eistud-12807	130	1	another	another	DET
eistud-12807	130	2	potential	potential	ADJ
eistud-12807	130	3	drawback	drawback	NOUN
eistud-12807	130	4	is	be	AUX
eistud-12807	130	5	due	due	ADJ
eistud-12807	130	6	to	to	ADP
eistud-12807	130	7	spill	spill	NOUN
eistud-12807	130	8	-	-	PUNCT
eistud-12807	130	9	over	over	ADP
eistud-12807	130	10	effects	effect	NOUN
eistud-12807	130	11	.	.	PUNCT
eistud-12807	131	1	the	the	DET
eistud-12807	131	2	abovementioned	abovementioned	ADJ
eistud-12807	131	3	potential	potential	ADJ
eistud-12807	131	4	issues	issue	NOUN
eistud-12807	131	5	may	may	AUX
eistud-12807	131	6	never	never	ADV
eistud-12807	131	7	become	become	VERB
eistud-12807	131	8	problematic	problematic	ADJ
eistud-12807	131	9	,	,	PUNCT
eistud-12807	131	10	as	as	SCONJ
eistud-12807	131	11	active	active	ADJ
eistud-12807	131	12	monetary	monetary	ADJ
eistud-12807	131	13	policy	policy	NOUN
eistud-12807	131	14	has	have	AUX
eistud-12807	131	15	been	be	AUX
eistud-12807	131	16	rarely	rarely	ADV
eistud-12807	131	17	seen	see	VERB
eistud-12807	131	18	in	in	ADP
eistud-12807	131	19	the	the	DET
eistud-12807	131	20	region	region	NOUN
eistud-12807	131	21	.	.	PUNCT
eistud-12807	132	1	for	for	ADP
eistud-12807	132	2	many	many	ADJ
eistud-12807	132	3	years	year	NOUN
eistud-12807	132	4	all	all	PRON
eistud-12807	132	5	of	of	ADP
eistud-12807	132	6	the	the	DET
eistud-12807	132	7	gcc	gcc	NOUN
eistud-12807	132	8	countries	country	NOUN
eistud-12807	132	9	operated	operate	VERB
eistud-12807	132	10	in	in	ADP
eistud-12807	132	11	a	a	DET
eistud-12807	132	12	setup	setup	NOUN
eistud-12807	132	13	that	that	PRON
eistud-12807	132	14	is	be	AUX
eistud-12807	132	15	called	call	VERB
eistud-12807	132	16	pseudo	pseudo	NOUN
eistud-12807	132	17	-	-	ADJ
eistud-12807	132	18	monetary	monetary	ADJ
eistud-12807	132	19	union	union	NOUN
eistud-12807	132	20	with	with	ADP
eistud-12807	132	21	the	the	DET
eistud-12807	132	22	usa	usa	PROPN
eistud-12807	132	23	(	(	PUNCT
eistud-12807	132	24	and	and	CCONJ
eistud-12807	132	25	with	with	ADP
eistud-12807	132	26	each	each	DET
eistud-12807	132	27	other	other	ADJ
eistud-12807	132	28	)	)	PUNCT
eistud-12807	132	29	due	due	ADP
eistud-12807	132	30	to	to	ADP
eistud-12807	132	31	the	the	DET
eistud-12807	132	32	fixed	fix	VERB
eistud-12807	132	33	exchange	exchange	NOUN
eistud-12807	132	34	rate	rate	NOUN
eistud-12807	132	35	regime	regime	NOUN
eistud-12807	132	36	that	that	PRON
eistud-12807	132	37	prevailed	prevail	VERB
eistud-12807	132	38	until	until	ADP
eistud-12807	132	39	the	the	DET
eistud-12807	132	40	first	first	ADJ
eistud-12807	132	41	decade	decade	NOUN
eistud-12807	132	42	of	of	ADP
eistud-12807	132	43	the	the	DET
eistud-12807	132	44	21st	21st	ADJ
eistud-12807	132	45	century	century	NOUN
eistud-12807	132	46	.	.	PUNCT
eistud-12807	133	1	summarizing	summarizing	NOUN
eistud-12807	133	2	,	,	PUNCT
eistud-12807	133	3	all	all	DET
eistud-12807	133	4	six	six	NUM
eistud-12807	133	5	members	member	NOUN
eistud-12807	133	6	of	of	ADP
eistud-12807	133	7	the	the	DET
eistud-12807	133	8	gcc	gcc	NOUN
eistud-12807	133	9	countries	country	NOUN
eistud-12807	133	10	are	be	AUX
eistud-12807	133	11	similar	similar	ADJ
eistud-12807	133	12	in	in	ADP
eistud-12807	133	13	terms	term	NOUN
eistud-12807	133	14	of	of	ADP
eistud-12807	133	15	history	history	NOUN
eistud-12807	133	16	,	,	PUNCT
eistud-12807	133	17	geography	geography	NOUN
eistud-12807	133	18	,	,	PUNCT
eistud-12807	133	19	politics	politic	NOUN
eistud-12807	133	20	(	(	PUNCT
eistud-12807	133	21	monarchies	monarchy	NOUN
eistud-12807	133	22	with	with	ADP
eistud-12807	133	23	limited	limited	ADJ
eistud-12807	133	24	participation	participation	NOUN
eistud-12807	133	25	)	)	PUNCT
eistud-12807	133	26	,	,	PUNCT
eistud-12807	133	27	population	population	NOUN
eistud-12807	133	28	(	(	PUNCT
eistud-12807	133	29	small	small	ADJ
eistud-12807	133	30	size	size	NOUN
eistud-12807	133	31	,	,	PUNCT
eistud-12807	133	32	except	except	SCONJ
eistud-12807	133	33	saudi	saudi	PROPN
eistud-12807	133	34	arabia	arabia	PROPN
eistud-12807	133	35	)	)	PUNCT
eistud-12807	133	36	,	,	PUNCT
eistud-12807	133	37	with	with	ADP
eistud-12807	133	38	the	the	DET
eistud-12807	133	39	majority	majority	NOUN
eistud-12807	133	40	of	of	ADP
eistud-12807	133	41	sunni	sunni	PROPN
eistud-12807	133	42	(	(	PUNCT
eistud-12807	133	43	except	except	SCONJ
eistud-12807	133	44	bahrain	bahrain	NOUN
eistud-12807	133	45	)	)	PUNCT
eistud-12807	133	46	,	,	PUNCT
eistud-12807	133	47	culture	culture	NOUN
eistud-12807	133	48	,	,	PUNCT
eistud-12807	133	49	language	language	NOUN
eistud-12807	133	50	,	,	PUNCT
eistud-12807	133	51	and	and	CCONJ
eistud-12807	133	52	religion	religion	NOUN
eistud-12807	133	53	.	.	PUNCT
eistud-12807	134	1	in	in	ADP
eistud-12807	134	2	economic	economic	ADJ
eistud-12807	134	3	terms	term	NOUN
eistud-12807	134	4	,	,	PUNCT
eistud-12807	134	5	hydrocarbon	hydrocarbon	NOUN
eistud-12807	134	6	resources	resource	NOUN
eistud-12807	134	7	are	be	AUX
eistud-12807	134	8	dominant	dominant	ADJ
eistud-12807	134	9	.	.	PUNCT
eistud-12807	135	1	oil	oil	NOUN
eistud-12807	135	2	accounts	account	NOUN
eistud-12807	135	3	for	for	ADP
eistud-12807	135	4	one	one	NUM
eistud-12807	135	5	third	third	NOUN
eistud-12807	135	6	of	of	ADP
eistud-12807	135	7	the	the	DET
eistud-12807	135	8	gdp	gdp	NOUN
eistud-12807	135	9	,	,	PUNCT
eistud-12807	135	10	for	for	ADP
eistud-12807	135	11	three	three	NUM
eistud-12807	135	12	quarters	quarter	NOUN
eistud-12807	135	13	of	of	ADP
eistud-12807	135	14	government	government	NOUN
eistud-12807	135	15	revenue	revenue	NOUN
eistud-12807	135	16	and	and	CCONJ
eistud-12807	135	17	for	for	ADP
eistud-12807	135	18	three	three	NUM
eistud-12807	135	19	quarters	quarter	NOUN
eistud-12807	135	20	of	of	ADP
eistud-12807	135	21	exports	export	NOUN
eistud-12807	135	22	(	(	PUNCT
eistud-12807	135	23	hanna	hanna	NOUN
eistud-12807	135	24	,	,	PUNCT
eistud-12807	135	25	2006	2006	NUM
eistud-12807	135	26	)	)	PUNCT
eistud-12807	135	27	.	.	PUNCT
eistud-12807	136	1	owing	owe	VERB
eistud-12807	136	2	to	to	ADP
eistud-12807	136	3	high	high	ADJ
eistud-12807	136	4	prices	price	NOUN
eistud-12807	136	5	of	of	ADP
eistud-12807	136	6	oil	oil	NOUN
eistud-12807	136	7	at	at	ADP
eistud-12807	136	8	the	the	DET
eistud-12807	136	9	turn	turn	NOUN
eistud-12807	136	10	of	of	ADP
eistud-12807	136	11	millennia	millennia	NOUN
eistud-12807	136	12	,	,	PUNCT
eistud-12807	136	13	their	their	PRON
eistud-12807	136	14	economies	economy	NOUN
eistud-12807	136	15	significantly	significantly	ADV
eistud-12807	136	16	expanded	expand	VERB
eistud-12807	136	17	.	.	PUNCT
eistud-12807	137	1	however	however	ADV
eistud-12807	137	2	,	,	PUNCT
eistud-12807	137	3	oil	oil	NOUN
eistud-12807	137	4	price	price	NOUN
eistud-12807	137	5	developments	development	NOUN
eistud-12807	137	6	in	in	ADP
eistud-12807	137	7	2014/2015	2014/2015	NUM
eistud-12807	137	8	exercise	exercise	VERB
eistud-12807	137	9	negative	negative	ADJ
eistud-12807	137	10	impact	impact	NOUN
eistud-12807	137	11	on	on	ADP
eistud-12807	137	12	all	all	PRON
eistud-12807	137	13	of	of	ADP
eistud-12807	137	14	the	the	DET
eistud-12807	137	15	gcc	gcc	NOUN
eistud-12807	137	16	countries	country	NOUN
eistud-12807	137	17	.	.	PUNCT
eistud-12807	138	1	there	there	PRON
eistud-12807	138	2	has	have	AUX
eistud-12807	138	3	been	be	AUX
eistud-12807	138	4	big	big	ADJ
eistud-12807	138	5	scale	scale	NOUN
eistud-12807	138	6	economic	economic	ADJ
eistud-12807	138	7	integration	integration	NOUN
eistud-12807	138	8	initiative	initiative	NOUN
eistud-12807	138	9	in	in	ADP
eistud-12807	138	10	the	the	DET
eistud-12807	138	11	region	region	NOUN
eistud-12807	138	12	.	.	PUNCT
eistud-12807	139	1	the	the	DET
eistud-12807	139	2	gulf	gulf	PROPN
eistud-12807	139	3	cooperation	cooperation	PROPN
eistud-12807	139	4	council	council	PROPN
eistud-12807	139	5	introduced	introduce	VERB
eistud-12807	139	6	a	a	DET
eistud-12807	139	7	custom	custom	NOUN
eistud-12807	139	8	union	union	NOUN
eistud-12807	139	9	in	in	ADP
eistud-12807	139	10	2003	2003	NUM
eistud-12807	139	11	.	.	PUNCT
eistud-12807	140	1	it	it	PRON
eistud-12807	140	2	should	should	AUX
eistud-12807	140	3	have	have	AUX
eistud-12807	140	4	granted	grant	VERB
eistud-12807	140	5	the	the	DET
eistud-12807	140	6	free	free	ADJ
eistud-12807	140	7	movement	movement	NOUN
eistud-12807	140	8	of	of	ADP
eistud-12807	140	9	goods	good	NOUN
eistud-12807	140	10	,	,	PUNCT
eistud-12807	140	11	services	service	NOUN
eistud-12807	140	12	,	,	PUNCT
eistud-12807	140	13	people	people	NOUN
eistud-12807	140	14	and	and	CCONJ
eistud-12807	140	15	capital	capital	NOUN
eistud-12807	140	16	.	.	PUNCT
eistud-12807	141	1	this	this	PRON
eistud-12807	141	2	was	be	AUX
eistud-12807	141	3	supposed	suppose	VERB
eistud-12807	141	4	to	to	PART
eistud-12807	141	5	help	help	VERB
eistud-12807	141	6	to	to	PART
eistud-12807	141	7	deal	deal	VERB
eistud-12807	141	8	with	with	ADP
eistud-12807	141	9	possible	possible	ADJ
eistud-12807	141	10	asymmetric	asymmetric	ADJ
eistud-12807	141	11	shocks	shock	NOUN
eistud-12807	141	12	.	.	PUNCT
eistud-12807	142	1	however	however	ADV
eistud-12807	142	2	,	,	PUNCT
eistud-12807	142	3	the	the	DET
eistud-12807	142	4	actual	actual	ADJ
eistud-12807	142	5	situation	situation	NOUN
eistud-12807	142	6	in	in	ADP
eistud-12807	142	7	2015	2015	NUM
eistud-12807	142	8	is	be	AUX
eistud-12807	142	9	far	far	ADV
eistud-12807	142	10	from	from	ADP
eistud-12807	142	11	what	what	PRON
eistud-12807	142	12	is	be	AUX
eistud-12807	142	13	understood	understand	VERB
eistud-12807	142	14	as	as	ADP
eistud-12807	142	15	the	the	DET
eistud-12807	142	16	common	common	ADJ
eistud-12807	142	17	market	market	NOUN
eistud-12807	142	18	or	or	CCONJ
eistud-12807	142	19	a	a	DET
eistud-12807	142	20	customs	custom	NOUN
eistud-12807	142	21	union	union	NOUN
eistud-12807	142	22	.	.	PUNCT
eistud-12807	143	1	there	there	PRON
eistud-12807	143	2	are	be	VERB
eistud-12807	143	3	still	still	ADV
eistud-12807	143	4	very	very	ADV
eistud-12807	143	5	long	long	ADJ
eistud-12807	143	6	and	and	CCONJ
eistud-12807	143	7	time	time	NOUN
eistud-12807	143	8	consuming	consume	VERB
eistud-12807	143	9	customs	custom	NOUN
eistud-12807	143	10	procedures	procedure	NOUN
eistud-12807	143	11	at	at	ADP
eistud-12807	143	12	the	the	DET
eistud-12807	143	13	internal	internal	ADJ
eistud-12807	143	14	gcc	gcc	NOUN
eistud-12807	143	15	borders	border	NOUN
eistud-12807	143	16	.	.	PUNCT
eistud-12807	144	1	they	they	PRON
eistud-12807	144	2	result	result	VERB
eistud-12807	144	3	in	in	ADP
eistud-12807	144	4	increasing	increase	VERB
eistud-12807	144	5	transactions	transaction	NOUN
eistud-12807	144	6	costs	cost	NOUN
eistud-12807	144	7	for	for	ADP
eistud-12807	144	8	all	all	DET
eistud-12807	144	9	stakeholders	stakeholder	NOUN
eistud-12807	144	10	.	.	PUNCT
eistud-12807	145	1	it	it	PRON
eistud-12807	145	2	is	be	AUX
eistud-12807	145	3	worth	worth	ADJ
eistud-12807	145	4	noting	note	VERB
eistud-12807	145	5	that	that	SCONJ
eistud-12807	145	6	cultural	cultural	ADJ
eistud-12807	145	7	and	and	CCONJ
eistud-12807	145	8	language	language	NOUN
eistud-12807	145	9	similarities	similarity	NOUN
eistud-12807	145	10	make	make	VERB
eistud-12807	145	11	the	the	DET
eistud-12807	145	12	movement	movement	NOUN
eistud-12807	145	13	of	of	ADP
eistud-12807	145	14	people	people	NOUN
eistud-12807	145	15	and	and	CCONJ
eistud-12807	145	16	capital	capital	NOUN
eistud-12807	145	17	far	far	ADV
eistud-12807	145	18	easier	easy	ADJ
eistud-12807	145	19	than	than	ADP
eistud-12807	145	20	in	in	ADP
eistud-12807	145	21	the	the	DET
eistud-12807	145	22	eu	eu	PROPN
eistud-12807	145	23	.	.	PUNCT
eistud-12807	146	1	it	it	PRON
eistud-12807	146	2	was	be	AUX
eistud-12807	146	3	already	already	ADV
eistud-12807	146	4	more	more	ADJ
eistud-12807	146	5	than	than	ADP
eistud-12807	146	6	a	a	DET
eistud-12807	146	7	decade	decade	NOUN
eistud-12807	146	8	ago	ago	ADV
eistud-12807	146	9	,	,	PUNCT
eistud-12807	146	10	in	in	ADP
eistud-12807	146	11	2004	2004	NUM
eistud-12807	146	12	,	,	PUNCT
eistud-12807	146	13	when	when	SCONJ
eistud-12807	146	14	the	the	DET
eistud-12807	146	15	gcc	gcc	NOUN
eistud-12807	146	16	countries	country	NOUN
eistud-12807	146	17	agreed	agree	VERB
eistud-12807	146	18	on	on	ADP
eistud-12807	146	19	the	the	DET
eistud-12807	146	20	convergence	convergence	NOUN
eistud-12807	146	21	criteria	criterion	NOUN
eistud-12807	146	22	for	for	ADP
eistud-12807	146	23	the	the	DET
eistud-12807	146	24	purpose	purpose	NOUN
eistud-12807	146	25	of	of	ADP
eistud-12807	146	26	a	a	DET
eistud-12807	146	27	currency	currency	NOUN
eistud-12807	146	28	union	union	NOUN
eistud-12807	146	29	.	.	PUNCT
eistud-12807	147	1	these	these	PRON
eistud-12807	147	2	were	be	AUX
eistud-12807	147	3	partly	partly	ADV
eistud-12807	147	4	adopted	adopt	VERB
eistud-12807	147	5	from	from	ADP
eistud-12807	147	6	the	the	DET
eistud-12807	147	7	european	european	PROPN
eistud-12807	147	8	monetary	monetary	PROPN
eistud-12807	147	9	union	union	PROPN
eistud-12807	147	10	set	set	VERB
eistud-12807	147	11	of	of	ADP
eistud-12807	147	12	criteria	criterion	NOUN
eistud-12807	147	13	.	.	PUNCT
eistud-12807	148	1	they	they	PRON
eistud-12807	148	2	included	include	VERB
eistud-12807	148	3	in	in	ADP
eistud-12807	148	4	the	the	DET
eistud-12807	148	5	gcc	gcc	NOUN
eistud-12807	148	6	such	such	ADJ
eistud-12807	148	7	elements	element	NOUN
eistud-12807	148	8	as	as	ADP
eistud-12807	148	9	:	:	PUNCT
eistud-12807	148	10	_	_	DET
eistud-12807	148	11	budget	budget	NOUN
eistud-12807	148	12	deficit	deficit	NOUN
eistud-12807	148	13	less	less	ADJ
eistud-12807	148	14	than	than	ADP
eistud-12807	148	15	3	3	NUM
eistud-12807	148	16	%	%	NOUN
eistud-12807	148	17	of	of	ADP
eistud-12807	148	18	gdp	gdp	NOUN
eistud-12807	148	19	,	,	PUNCT
eistud-12807	148	20	_	_	PUNCT
eistud-12807	148	21	public	public	ADJ
eistud-12807	148	22	sector	sector	NOUN
eistud-12807	148	23	debt	debt	NOUN
eistud-12807	148	24	less	less	ADJ
eistud-12807	148	25	than	than	ADP
eistud-12807	148	26	60	60	NUM
eistud-12807	148	27	%	%	NOUN
eistud-12807	148	28	of	of	ADP
eistud-12807	148	29	gdp	gdp	NOUN
eistud-12807	148	30	,	,	PUNCT
eistud-12807	148	31	_	_	DET
eistud-12807	148	32	currency	currency	NOUN
eistud-12807	148	33	reserves	reserve	NOUN
eistud-12807	148	34	in	in	ADP
eistud-12807	148	35	excess	excess	NOUN
eistud-12807	148	36	of	of	ADP
eistud-12807	148	37	4	4	NUM
eistud-12807	148	38	months	month	NOUN
eistud-12807	148	39	of	of	ADP
eistud-12807	148	40	imports	import	NOUN
eistud-12807	148	41	,	,	PUNCT
eistud-12807	148	42	_	_	DET
eistud-12807	148	43	interest	interest	NOUN
eistud-12807	148	44	rates	rate	NOUN
eistud-12807	148	45	not	not	PART
eistud-12807	148	46	higher	high	ADJ
eistud-12807	148	47	than	than	ADP
eistud-12807	148	48	the	the	DET
eistud-12807	148	49	average	average	NOUN
eistud-12807	148	50	of	of	ADP
eistud-12807	148	51	the	the	DET
eistud-12807	148	52	three	three	NUM
eistud-12807	148	53	lowest	low	ADJ
eistud-12807	148	54	countries	country	NOUN
eistud-12807	148	55	by	by	ADP
eistud-12807	148	56	more	more	ADJ
eistud-12807	148	57	than	than	ADP
eistud-12807	148	58	2	2	NUM
eistud-12807	148	59	%	%	NOUN
eistud-12807	148	60	,	,	PUNCT
eistud-12807	148	61	_	_	NOUN
eistud-12807	148	62	and	and	CCONJ
eistud-12807	148	63	inflation	inflation	NOUN
eistud-12807	148	64	not	not	PART
eistud-12807	148	65	higher	high	ADJ
eistud-12807	148	66	than	than	ADP
eistud-12807	148	67	the	the	DET
eistud-12807	148	68	weighted	weighted	ADJ
eistud-12807	148	69	average	average	NOUN
eistud-12807	148	70	of	of	ADP
eistud-12807	148	71	the	the	DET
eistud-12807	148	72	six	six	NUM
eistud-12807	148	73	countries	country	NOUN
eistud-12807	148	74	by	by	ADP
eistud-12807	148	75	more	more	ADJ
eistud-12807	148	76	than	than	ADP
eistud-12807	148	77	2	2	NUM
eistud-12807	148	78	%	%	NOUN
eistud-12807	148	79	.	.	PUNCT
eistud-12807	149	1	in	in	ADP
eistud-12807	149	2	case	case	NOUN
eistud-12807	149	3	of	of	ADP
eistud-12807	149	4	the	the	DET
eistud-12807	149	5	first	first	ADJ
eistud-12807	149	6	criterion	criterion	NOUN
eistud-12807	149	7	,	,	PUNCT
eistud-12807	149	8	one	one	PRON
eistud-12807	149	9	should	should	AUX
eistud-12807	149	10	remember	remember	VERB
eistud-12807	149	11	that	that	SCONJ
eistud-12807	149	12	all	all	DET
eistud-12807	149	13	gcc	gcc	NOUN
eistud-12807	149	14	countries	country	NOUN
eistud-12807	149	15	budgets	budget	NOUN
eistud-12807	149	16	depend	depend	VERB
eistud-12807	149	17	strongly	strongly	ADV
eistud-12807	149	18	on	on	ADP
eistud-12807	149	19	crude	crude	ADJ
eistud-12807	149	20	oil	oil	NOUN
eistud-12807	149	21	price	price	NOUN
eistud-12807	149	22	.	.	PUNCT
eistud-12807	150	1	with	with	ADP
eistud-12807	150	2	severe	severe	ADJ
eistud-12807	150	3	deterioration	deterioration	NOUN
eistud-12807	150	4	of	of	ADP
eistud-12807	150	5	the	the	DET
eistud-12807	150	6	oil	oil	NOUN
eistud-12807	150	7	price	price	NOUN
eistud-12807	150	8	in	in	ADP
eistud-12807	150	9	late	late	ADJ
eistud-12807	150	10	2014	2014	NUM
eistud-12807	150	11	and	and	CCONJ
eistud-12807	150	12	in	in	ADP
eistud-12807	150	13	early	early	ADJ
eistud-12807	150	14	2015	2015	NUM
eistud-12807	150	15	many	many	ADJ
eistud-12807	150	16	of	of	ADP
eistud-12807	150	17	the	the	DET
eistud-12807	150	18	gcc	gcc	NOUN
eistud-12807	150	19	countries	country	NOUN
eistud-12807	150	20	face	face	VERB
eistud-12807	150	21	the	the	DET
eistud-12807	150	22	threat	threat	NOUN
eistud-12807	150	23	of	of	ADP
eistud-12807	150	24	substantial	substantial	ADJ
eistud-12807	150	25	and	and	CCONJ
eistud-12807	150	26	permanent	permanent	ADJ
eistud-12807	150	27	deficits	deficit	NOUN
eistud-12807	150	28	.	.	PUNCT
eistud-12807	151	1	as	as	SCONJ
eistud-12807	151	2	noted	note	VERB
eistud-12807	151	3	already	already	ADV
eistud-12807	151	4	by	by	ADP
eistud-12807	151	5	203	203	NUM
eistud-12807	151	6	european	european	ADJ
eistud-12807	151	7	integrat	integrat	NOUN
eistud-12807	151	8	ion	ion	NOUN
eistud-12807	151	9	studies	study	NOUN
eistud-12807	151	10	2015/9	2015/9	NUM
eistud-12807	151	11	mlodkowski	mlodkowski	NOUN
eistud-12807	151	12	(	(	PUNCT
eistud-12807	151	13	2010	2010	NUM
eistud-12807	151	14	)	)	PUNCT
eistud-12807	151	15	,	,	PUNCT
eistud-12807	151	16	it	it	PRON
eistud-12807	151	17	may	may	AUX
eistud-12807	151	18	lead	lead	VERB
eistud-12807	151	19	to	to	ADP
eistud-12807	151	20	detrimental	detrimental	ADJ
eistud-12807	151	21	effects	effect	NOUN
eistud-12807	151	22	for	for	ADP
eistud-12807	151	23	the	the	DET
eistud-12807	151	24	economic	economic	ADJ
eistud-12807	151	25	growth	growth	NOUN
eistud-12807	151	26	via	via	ADP
eistud-12807	151	27	the	the	DET
eistud-12807	151	28	crowding	crowding	NOUN
eistud-12807	151	29	-	-	PUNCT
eistud-12807	151	30	out	out	NOUN
eistud-12807	151	31	of	of	ADP
eistud-12807	151	32	private	private	ADJ
eistud-12807	151	33	investment	investment	NOUN
eistud-12807	151	34	.	.	PUNCT
eistud-12807	152	1	the	the	DET
eistud-12807	152	2	gcc	gcc	NOUN
eistud-12807	152	3	members	member	NOUN
eistud-12807	152	4	are	be	AUX
eistud-12807	152	5	relatively	relatively	ADV
eistud-12807	152	6	open	open	ADJ
eistud-12807	152	7	economies	economy	NOUN
eistud-12807	152	8	.	.	PUNCT
eistud-12807	153	1	central	central	ADJ
eistud-12807	153	2	governments	government	NOUN
eistud-12807	153	3	have	have	AUX
eistud-12807	153	4	been	be	AUX
eistud-12807	153	5	promoting	promote	VERB
eistud-12807	153	6	fdi	fdi	NOUN
eistud-12807	153	7	for	for	ADP
eistud-12807	153	8	many	many	ADJ
eistud-12807	153	9	years	year	NOUN
eistud-12807	153	10	(	(	PUNCT
eistud-12807	153	11	jadresic	jadresic	ADJ
eistud-12807	153	12	,	,	PUNCT
eistud-12807	153	13	2002	2002	NUM
eistud-12807	153	14	)	)	PUNCT
eistud-12807	153	15	.	.	PUNCT
eistud-12807	154	1	moreover	moreover	ADV
eistud-12807	154	2	,	,	PUNCT
eistud-12807	154	3	they	they	PRON
eistud-12807	154	4	have	have	AUX
eistud-12807	154	5	been	be	AUX
eistud-12807	154	6	harmonizing	harmonize	VERB
eistud-12807	154	7	rules	rule	NOUN
eistud-12807	154	8	and	and	CCONJ
eistud-12807	154	9	regulations	regulation	NOUN
eistud-12807	154	10	with	with	ADP
eistud-12807	154	11	regard	regard	NOUN
eistud-12807	154	12	to	to	ADP
eistud-12807	154	13	economic	economic	ADJ
eistud-12807	154	14	activity	activity	NOUN
eistud-12807	154	15	.	.	PUNCT
eistud-12807	155	1	all	all	DET
eistud-12807	155	2	gcc	gcc	NOUN
eistud-12807	155	3	members	member	NOUN
eistud-12807	155	4	’	'	PUNCT
eistud-12807	155	5	currencies	currency	NOUN
eistud-12807	155	6	used	use	VERB
eistud-12807	155	7	to	to	PART
eistud-12807	155	8	be	be	AUX
eistud-12807	155	9	pegged	peg	VERB
eistud-12807	155	10	to	to	ADP
eistud-12807	155	11	the	the	DET
eistud-12807	155	12	us	us	PROPN
eistud-12807	155	13	dollar	dollar	NOUN
eistud-12807	155	14	.	.	PUNCT
eistud-12807	156	1	the	the	DET
eistud-12807	156	2	usd	usd	NOUN
eistud-12807	156	3	used	use	VERB
eistud-12807	156	4	to	to	PART
eistud-12807	156	5	act	act	VERB
eistud-12807	156	6	as	as	ADP
eistud-12807	156	7	an	an	DET
eistud-12807	156	8	anchor	anchor	NOUN
eistud-12807	156	9	for	for	ADP
eistud-12807	156	10	external	external	ADJ
eistud-12807	156	11	value	value	NOUN
eistud-12807	156	12	of	of	ADP
eistud-12807	156	13	all	all	DET
eistud-12807	156	14	gcc	gcc	NOUN
eistud-12807	156	15	currencies	currency	NOUN
eistud-12807	156	16	.	.	PUNCT
eistud-12807	157	1	this	this	DET
eistud-12807	157	2	situation	situation	NOUN
eistud-12807	157	3	started	start	VERB
eistud-12807	157	4	to	to	PART
eistud-12807	157	5	change	change	VERB
eistud-12807	157	6	due	due	ADP
eistud-12807	157	7	to	to	ADP
eistud-12807	157	8	the	the	DET
eistud-12807	157	9	most	most	ADV
eistud-12807	157	10	recent	recent	ADJ
eistud-12807	157	11	financial	financial	ADJ
eistud-12807	157	12	crisis	crisis	NOUN
eistud-12807	157	13	.	.	PUNCT
eistud-12807	158	1	some	some	PRON
eistud-12807	158	2	of	of	ADP
eistud-12807	158	3	the	the	DET
eistud-12807	158	4	gcc	gcc	NOUN
eistud-12807	158	5	countries	country	NOUN
eistud-12807	158	6	decided	decide	VERB
eistud-12807	158	7	to	to	PART
eistud-12807	158	8	follow	follow	VERB
eistud-12807	158	9	a	a	DET
eistud-12807	158	10	different	different	ADJ
eistud-12807	158	11	approach	approach	NOUN
eistud-12807	158	12	,	,	PUNCT
eistud-12807	158	13	and	and	CCONJ
eistud-12807	158	14	pegged	peg	VERB
eistud-12807	158	15	the	the	DET
eistud-12807	158	16	external	external	ADJ
eistud-12807	158	17	value	value	NOUN
eistud-12807	158	18	of	of	ADP
eistud-12807	158	19	their	their	PRON
eistud-12807	158	20	national	national	ADJ
eistud-12807	158	21	currencies	currency	NOUN
eistud-12807	158	22	to	to	ADP
eistud-12807	158	23	a	a	DET
eistud-12807	158	24	basket	basket	NOUN
eistud-12807	158	25	of	of	ADP
eistud-12807	158	26	currencies	currency	NOUN
eistud-12807	158	27	.	.	PUNCT
eistud-12807	159	1	such	such	ADJ
eistud-12807	159	2	decisions	decision	NOUN
eistud-12807	159	3	were	be	AUX
eistud-12807	159	4	a	a	DET
eistud-12807	159	5	step	step	NOUN
eistud-12807	159	6	back	back	ADV
eistud-12807	159	7	in	in	ADP
eistud-12807	159	8	the	the	DET
eistud-12807	159	9	process	process	NOUN
eistud-12807	159	10	of	of	ADP
eistud-12807	159	11	economic	economic	ADJ
eistud-12807	159	12	and	and	CCONJ
eistud-12807	159	13	monetary	monetary	ADJ
eistud-12807	159	14	integration	integration	NOUN
eistud-12807	159	15	.	.	PUNCT
eistud-12807	160	1	data	datum	NOUN
eistud-12807	160	2	used	use	VERB
eistud-12807	160	3	for	for	ADP
eistud-12807	160	4	the	the	DET
eistud-12807	160	5	empirical	empirical	ADJ
eistud-12807	160	6	study	study	NOUN
eistud-12807	160	7	on	on	ADP
eistud-12807	160	8	the	the	DET
eistud-12807	160	9	de	de	ADJ
eistud-12807	160	10	-	-	ADJ
eistud-12807	160	11	facto	facto	ADJ
eistud-12807	160	12	monetary	monetary	ADJ
eistud-12807	160	13	integration	integration	NOUN
eistud-12807	160	14	comes	come	VERB
eistud-12807	160	15	from	from	ADP
eistud-12807	160	16	the	the	DET
eistud-12807	160	17	world	world	NOUN
eistud-12807	160	18	bank	bank	PROPN
eistud-12807	160	19	on	on	ADP
eistud-12807	160	20	-	-	PUNCT
eistud-12807	160	21	line	line	NOUN
eistud-12807	160	22	wdi	wdi	NOUN
eistud-12807	160	23	database	database	NOUN
eistud-12807	160	24	.	.	PUNCT
eistud-12807	161	1	for	for	SCONJ
eistud-12807	161	2	some	some	PRON
eistud-12807	161	3	of	of	ADP
eistud-12807	161	4	the	the	DET
eistud-12807	161	5	gcc	gcc	NOUN
eistud-12807	161	6	countries	country	NOUN
eistud-12807	161	7	consistent	consistent	ADJ
eistud-12807	161	8	time	time	NOUN
eistud-12807	161	9	series	series	NOUN
eistud-12807	161	10	for	for	ADP
eistud-12807	161	11	the	the	DET
eistud-12807	161	12	nominal	nominal	ADJ
eistud-12807	161	13	gdp	gdp	NOUN
eistud-12807	161	14	and	and	CCONJ
eistud-12807	161	15	narrow	narrow	ADJ
eistud-12807	161	16	monetary	monetary	ADJ
eistud-12807	161	17	aggregates	aggregate	NOUN
eistud-12807	161	18	start	start	VERB
eistud-12807	161	19	in	in	ADP
eistud-12807	161	20	1960s	1960	NOUN
eistud-12807	161	21	.	.	PUNCT
eistud-12807	162	1	however	however	ADV
eistud-12807	162	2	,	,	PUNCT
eistud-12807	162	3	this	this	PRON
eistud-12807	162	4	is	be	AUX
eistud-12807	162	5	only	only	ADV
eistud-12807	162	6	the	the	DET
eistud-12807	162	7	period	period	NOUN
eistud-12807	162	8	from	from	ADP
eistud-12807	162	9	1981	1981	NUM
eistud-12807	162	10	to	to	ADP
eistud-12807	162	11	2013	2013	NUM
eistud-12807	162	12	,	,	PUNCT
eistud-12807	162	13	when	when	SCONJ
eistud-12807	162	14	all	all	PRON
eistud-12807	162	15	of	of	ADP
eistud-12807	162	16	the	the	DET
eistud-12807	162	17	observations	observation	NOUN
eistud-12807	162	18	for	for	ADP
eistud-12807	162	19	all	all	PRON
eistud-12807	162	20	of	of	ADP
eistud-12807	162	21	the	the	DET
eistud-12807	162	22	countries	country	NOUN
eistud-12807	162	23	are	be	AUX
eistud-12807	162	24	available	available	ADJ
eistud-12807	162	25	.	.	PUNCT
eistud-12807	163	1	therefore	therefore	ADV
eistud-12807	163	2	,	,	PUNCT
eistud-12807	163	3	in	in	ADP
eistud-12807	163	4	spite	spite	NOUN
eistud-12807	163	5	of	of	ADP
eistud-12807	163	6	possibility	possibility	NOUN
eistud-12807	163	7	to	to	PART
eistud-12807	163	8	conduct	conduct	VERB
eistud-12807	163	9	individual	individual	ADJ
eistud-12807	163	10	studies	study	NOUN
eistud-12807	163	11	for	for	ADP
eistud-12807	163	12	the	the	DET
eistud-12807	163	13	period	period	NOUN
eistud-12807	163	14	as	as	ADV
eistud-12807	163	15	early	early	ADV
eistud-12807	163	16	as	as	ADP
eistud-12807	163	17	1960	1960	NUM
eistud-12807	163	18	-	-	SYM
eistud-12807	163	19	1970	1970	NUM
eistud-12807	163	20	,	,	PUNCT
eistud-12807	163	21	the	the	DET
eistud-12807	163	22	results	result	NOUN
eistud-12807	163	23	presented	present	VERB
eistud-12807	163	24	reflect	reflect	VERB
eistud-12807	163	25	the	the	DET
eistud-12807	163	26	period	period	NOUN
eistud-12807	163	27	1981	1981	NUM
eistud-12807	163	28	-	-	SYM
eistud-12807	163	29	2013	2013	NUM
eistud-12807	163	30	.	.	PUNCT
eistud-12807	164	1	money	money	NOUN
eistud-12807	164	2	velocity	velocity	NOUN
eistud-12807	164	3	based	base	VERB
eistud-12807	164	4	on	on	ADP
eistud-12807	164	5	the	the	DET
eistud-12807	164	6	annual	annual	ADJ
eistud-12807	164	7	observations	observation	NOUN
eistud-12807	164	8	for	for	ADP
eistud-12807	164	9	the	the	DET
eistud-12807	164	10	nominal	nominal	ADJ
eistud-12807	164	11	gdp	gdp	NOUN
eistud-12807	164	12	and	and	CCONJ
eistud-12807	164	13	m0	m0	PROPN
eistud-12807	164	14	aggregate	aggregate	NOUN
eistud-12807	164	15	was	be	AUX
eistud-12807	164	16	compiled	compile	VERB
eistud-12807	164	17	in	in	ADP
eistud-12807	164	18	the	the	DET
eistud-12807	164	19	first	first	ADJ
eistud-12807	164	20	step	step	NOUN
eistud-12807	164	21	of	of	ADP
eistud-12807	164	22	the	the	DET
eistud-12807	164	23	empirical	empirical	ADJ
eistud-12807	164	24	analysis	analysis	NOUN
eistud-12807	164	25	.	.	PUNCT
eistud-12807	165	1	then	then	ADV
eistud-12807	165	2	,	,	PUNCT
eistud-12807	165	3	the	the	DET
eistud-12807	165	4	mpsi	mpsi	NOUN
eistud-12807	165	5	was	be	AUX
eistud-12807	165	6	derived	derive	VERB
eistud-12807	165	7	,	,	PUNCT
eistud-12807	165	8	as	as	ADP
eistud-12807	165	9	the	the	DET
eistud-12807	165	10	first	first	ADJ
eistud-12807	165	11	difference	difference	NOUN
eistud-12807	165	12	series	series	NOUN
eistud-12807	165	13	for	for	ADP
eistud-12807	165	14	vm0	vm0	PROPN
eistud-12807	165	15	.	.	PUNCT
eistud-12807	166	1	figure	figure	VERB
eistud-12807	166	2	3	3	NUM
eistud-12807	166	3	presents	present	VERB
eistud-12807	166	4	vm0	vm0	NOUN
eistud-12807	166	5	for	for	ADP
eistud-12807	166	6	all	all	DET
eistud-12807	166	7	gcc	gcc	NOUN
eistud-12807	166	8	countries	country	NOUN
eistud-12807	166	9	:	:	PUNCT
eistud-12807	167	1	bahrain	bahrain	NOUN
eistud-12807	167	2	,	,	PUNCT
eistud-12807	167	3	ksa	ksa	PROPN
eistud-12807	167	4	,	,	PUNCT
eistud-12807	167	5	kuwait	kuwait	PROPN
eistud-12807	167	6	,	,	PUNCT
eistud-12807	167	7	oman	oman	PROPN
eistud-12807	167	8	,	,	PUNCT
eistud-12807	167	9	qatar	qatar	PROPN
eistud-12807	167	10	,	,	PUNCT
eistud-12807	167	11	and	and	CCONJ
eistud-12807	167	12	uae	uae	PROPN
eistud-12807	167	13	.	.	PUNCT
eistud-12807	168	1	the	the	DET
eistud-12807	168	2	main	main	ADJ
eistud-12807	168	3	idea	idea	NOUN
eistud-12807	168	4	to	to	PART
eistud-12807	168	5	capture	capture	VERB
eistud-12807	168	6	a	a	DET
eistud-12807	168	7	process	process	NOUN
eistud-12807	168	8	of	of	ADP
eistud-12807	168	9	monetary	monetary	ADJ
eistud-12807	168	10	situation	situation	NOUN
eistud-12807	168	11	convergence	convergence	NOUN
eistud-12807	168	12	among	among	ADP
eistud-12807	168	13	the	the	DET
eistud-12807	168	14	gcc	gcc	NOUN
eistud-12807	168	15	countries	country	NOUN
eistud-12807	168	16	called	call	VERB
eistud-12807	168	17	for	for	ADP
eistud-12807	168	18	correlation	correlation	NOUN
eistud-12807	168	19	study	study	NOUN
eistud-12807	168	20	.	.	PUNCT
eistud-12807	169	1	it	it	PRON
eistud-12807	169	2	could	could	AUX
eistud-12807	169	3	be	be	AUX
eistud-12807	169	4	expected	expect	VERB
eistud-12807	169	5	that	that	SCONJ
eistud-12807	169	6	with	with	ADP
eistud-12807	169	7	similar	similar	ADJ
eistud-12807	169	8	exchange	exchange	NOUN
eistud-12807	169	9	rate	rate	NOUN
eistud-12807	169	10	arrangecointegration	arrangecointegration	NOUN
eistud-12807	169	11	of	of	ADP
eistud-12807	169	12	monetary	monetary	ADJ
eistud-12807	169	13	policy	policy	NOUN
eistud-12807	169	14	in	in	ADP
eistud-12807	169	15	the	the	DET
eistud-12807	169	16	gcc	gcc	NOUN
eistud-12807	169	17	countries	country	NOUN
eistud-12807	169	18	figure	figure	VERB
eistud-12807	169	19	3	3	NUM
eistud-12807	169	20	money	money	NOUN
eistud-12807	169	21	velocity	velocity	NOUN
eistud-12807	169	22	(	(	PUNCT
eistud-12807	169	23	vm0	vm0	NOUN
eistud-12807	169	24	)	)	PUNCT
eistud-12807	169	25	in	in	ADP
eistud-12807	169	26	the	the	DET
eistud-12807	169	27	gcc	gcc	NOUN
eistud-12807	169	28	countries	country	NOUN
eistud-12807	169	29	19812013	19812013	NUM
eistud-12807	169	30	(	(	PUNCT
eistud-12807	169	31	author	author	NOUN
eistud-12807	169	32	)	)	PUNCT
eistud-12807	169	33	table	table	NOUN
eistud-12807	169	34	1	1	NUM
eistud-12807	169	35	correlation	correlation	NOUN
eistud-12807	169	36	coefficients	coefficient	NOUN
eistud-12807	169	37	of	of	ADP
eistud-12807	169	38	monetary	monetary	ADJ
eistud-12807	169	39	policy	policy	NOUN
eistud-12807	169	40	stance	stance	NOUN
eistud-12807	169	41	indicator	indicator	NOUN
eistud-12807	169	42	for	for	ADP
eistud-12807	169	43	the	the	DET
eistud-12807	169	44	gcc	gcc	NOUN
eistud-12807	169	45	countries	country	NOUN
eistud-12807	169	46	for	for	ADP
eistud-12807	169	47	the	the	DET
eistud-12807	169	48	period	period	NOUN
eistud-12807	169	49	1981	1981	NUM
eistud-12807	169	50	-	-	SYM
eistud-12807	169	51	2013	2013	NUM
eistud-12807	169	52	source	source	NOUN
eistud-12807	169	53	:	:	PUNCT
eistud-12807	169	54	author	author	NOUN
eistud-12807	169	55	.	.	PUNCT
eistud-12807	170	1	uae	uae	PROPN
eistud-12807	170	2	ksa	ksa	PROPN
eistud-12807	171	1	bah	bah	PROPN
eistud-12807	172	1	oma	oma	PROPN
eistud-12807	172	2	kuw	kuw	PROPN
eistud-12807	172	3	qat	qat	PROPN
eistud-12807	172	4	uae	uae	PROPN
eistud-12807	172	5	1	1	NUM
eistud-12807	172	6	ksa	ksa	PROPN
eistud-12807	172	7	0.67	0.67	NUM
eistud-12807	172	8	1	1	NUM
eistud-12807	172	9	bah	bah	NOUN
eistud-12807	172	10	0.33	0.33	NUM
eistud-12807	172	11	0.29	0.29	NUM
eistud-12807	172	12	1	1	NUM
eistud-12807	172	13	oma	oma	PROPN
eistud-12807	172	14	0.71	0.71	NUM
eistud-12807	172	15	0.72	0.72	NUM
eistud-12807	172	16	0.38	0.38	NUM
eistud-12807	172	17	1	1	NUM
eistud-12807	172	18	kuw	kuw	NOUN
eistud-12807	172	19	0.22	0.22	NUM
eistud-12807	172	20	0.38	0.38	NUM
eistud-12807	172	21	0.29	0.29	NUM
eistud-12807	172	22	0.39	0.39	NUM
eistud-12807	172	23	1	1	NUM
eistud-12807	172	24	qat	qat	NOUN
eistud-12807	172	25	0.38	0.38	NUM
eistud-12807	172	26	0.48	0.48	NUM
eistud-12807	172	27	0.56	0.56	NUM
eistud-12807	172	28	0.54	0.54	NUM
eistud-12807	172	29	0.27	0.27	NUM
eistud-12807	172	30	1	1	NUM
eistud-12807	172	31	ments	ment	NOUN
eistud-12807	172	32	and	and	CCONJ
eistud-12807	172	33	similarities	similarity	NOUN
eistud-12807	172	34	in	in	ADP
eistud-12807	172	35	the	the	DET
eistud-12807	172	36	underlying	underlie	VERB
eistud-12807	172	37	real	real	ADJ
eistud-12807	172	38	sector	sector	NOUN
eistud-12807	172	39	activities	activity	NOUN
eistud-12807	172	40	,	,	PUNCT
eistud-12807	172	41	there	there	PRON
eistud-12807	172	42	should	should	AUX
eistud-12807	172	43	be	be	AUX
eistud-12807	172	44	a	a	DET
eistud-12807	172	45	significant	significant	ADJ
eistud-12807	172	46	similarity	similarity	NOUN
eistud-12807	172	47	in	in	ADP
eistud-12807	172	48	monetary	monetary	ADJ
eistud-12807	172	49	conditions	condition	NOUN
eistud-12807	172	50	developments	development	NOUN
eistud-12807	172	51	over	over	ADP
eistud-12807	172	52	time	time	NOUN
eistud-12807	172	53	.	.	PUNCT
eistud-12807	173	1	using	use	VERB
eistud-12807	173	2	a	a	DET
eistud-12807	173	3	moving	move	VERB
eistud-12807	173	4	correlation	correlation	NOUN
eistud-12807	173	5	coefficient	coefficient	NOUN
eistud-12807	173	6	with	with	ADP
eistud-12807	173	7	a	a	DET
eistud-12807	173	8	five	five	NUM
eistud-12807	173	9	year	year	NOUN
eistud-12807	173	10	long	long	ADJ
eistud-12807	173	11	window	window	NOUN
eistud-12807	173	12	allows	allow	VERB
eistud-12807	173	13	observing	observe	VERB
eistud-12807	173	14	relative	relative	ADJ
eistud-12807	173	15	changes	change	NOUN
eistud-12807	173	16	in	in	ADP
eistud-12807	173	17	nominal	nominal	ADJ
eistud-12807	173	18	sector	sector	NOUN
eistud-12807	173	19	among	among	ADP
eistud-12807	173	20	pairs	pair	NOUN
eistud-12807	173	21	of	of	ADP
eistud-12807	173	22	countries	country	NOUN
eistud-12807	173	23	.	.	PUNCT
eistud-12807	174	1	there	there	PRON
eistud-12807	174	2	are	be	VERB
eistud-12807	174	3	15	15	NUM
eistud-12807	174	4	pairs	pair	NOUN
eistud-12807	174	5	made	make	VERB
eistud-12807	174	6	of	of	ADP
eistud-12807	174	7	six	six	NUM
eistud-12807	174	8	of	of	ADP
eistud-12807	174	9	the	the	DET
eistud-12807	174	10	gcc	gcc	NOUN
eistud-12807	174	11	countries	country	NOUN
eistud-12807	174	12	.	.	PUNCT
eistud-12807	175	1	correlation	correlation	NOUN
eistud-12807	175	2	coefficients	coefficient	NOUN
eistud-12807	175	3	for	for	ADP
eistud-12807	175	4	the	the	DET
eistud-12807	175	5	period	period	NOUN
eistud-12807	175	6	1981	1981	NUM
eistud-12807	175	7	-	-	SYM
eistud-12807	175	8	2013	2013	NUM
eistud-12807	175	9	are	be	AUX
eistud-12807	175	10	presented	present	VERB
eistud-12807	175	11	in	in	ADP
eistud-12807	175	12	table	table	NOUN
eistud-12807	175	13	1	1	NUM
eistud-12807	175	14	.	.	PUNCT
eistud-12807	176	1	bahrain	bahrain	NOUN
eistud-12807	176	2	seems	seem	VERB
eistud-12807	176	3	to	to	PART
eistud-12807	176	4	be	be	AUX
eistud-12807	176	5	the	the	DET
eistud-12807	176	6	only	only	ADJ
eistud-12807	176	7	outlier	outlier	NOUN
eistud-12807	176	8	in	in	ADP
eistud-12807	176	9	the	the	DET
eistud-12807	176	10	gcc	gcc	NOUN
eistud-12807	176	11	group	group	NOUN
eistud-12807	176	12	concerning	concern	VERB
eistud-12807	176	13	monetary	monetary	ADJ
eistud-12807	176	14	policy	policy	NOUN
eistud-12807	176	15	stance	stance	NOUN
eistud-12807	176	16	.	.	PUNCT
eistud-12807	177	1	the	the	DET
eistud-12807	177	2	rest	rest	NOUN
eistud-12807	177	3	of	of	ADP
eistud-12807	177	4	the	the	DET
eistud-12807	177	5	countries	country	NOUN
eistud-12807	177	6	used	use	VERB
eistud-12807	177	7	to	to	PART
eistud-12807	177	8	perform	perform	VERB
eistud-12807	177	9	continuously	continuously	ADV
eistud-12807	177	10	in	in	ADP
eistud-12807	177	11	a	a	DET
eistud-12807	177	12	manner	manner	NOUN
eistud-12807	177	13	that	that	PRON
eistud-12807	177	14	justifies	justify	VERB
eistud-12807	177	15	a	a	DET
eistud-12807	177	16	conclusion	conclusion	NOUN
eistud-12807	177	17	on	on	ADP
eistud-12807	177	18	significant	significant	ADJ
eistud-12807	177	19	and	and	CCONJ
eistud-12807	177	20	far	far	ADV
eistud-12807	177	21	-	-	PUNCT
eistud-12807	177	22	reaching	reach	VERB
eistud-12807	177	23	similarity	similarity	NOUN
eistud-12807	177	24	in	in	ADP
eistud-12807	177	25	monetary	monetary	ADJ
eistud-12807	177	26	policy	policy	NOUN
eistud-12807	177	27	.	.	PUNCT
eistud-12807	178	1	it	it	PRON
eistud-12807	178	2	can	can	AUX
eistud-12807	178	3	be	be	AUX
eistud-12807	178	4	observed	observe	VERB
eistud-12807	178	5	in	in	ADP
eistud-12807	178	6	figure	figure	NOUN
eistud-12807	178	7	4	4	NUM
eistud-12807	178	8	.	.	PUNCT
eistud-12807	178	9	european	european	ADJ
eistud-12807	178	10	integrat	integrat	PROPN
eistud-12807	178	11	ion	ion	NOUN
eistud-12807	178	12	studies	study	NOUN
eistud-12807	178	13	2015/9	2015/9	NUM
eistud-12807	178	14	204	204	NUM
eistud-12807	178	15	for	for	ADP
eistud-12807	178	16	the	the	DET
eistud-12807	178	17	whole	whole	ADJ
eistud-12807	178	18	period	period	NOUN
eistud-12807	178	19	covered	cover	VERB
eistud-12807	178	20	(	(	PUNCT
eistud-12807	178	21	1981	1981	NUM
eistud-12807	178	22	-	-	SYM
eistud-12807	178	23	2013	2013	NUM
eistud-12807	178	24	)	)	PUNCT
eistud-12807	178	25	the	the	DET
eistud-12807	178	26	correlation	correlation	NOUN
eistud-12807	178	27	coefficient	coefficient	NOUN
eistud-12807	178	28	remained	remain	VERB
eistud-12807	178	29	positive	positive	ADJ
eistud-12807	178	30	and	and	CCONJ
eistud-12807	178	31	significantly	significantly	ADV
eistud-12807	178	32	different	different	ADJ
eistud-12807	178	33	from	from	ADP
eistud-12807	178	34	zero	zero	NUM
eistud-12807	178	35	.	.	PUNCT
eistud-12807	179	1	it	it	PRON
eistud-12807	179	2	oscillated	oscillate	VERB
eistud-12807	179	3	in	in	ADP
eistud-12807	179	4	the	the	DET
eistud-12807	179	5	upper	upper	ADJ
eistud-12807	179	6	region	region	NOUN
eistud-12807	179	7	for	for	ADP
eistud-12807	179	8	its	its	PRON
eistud-12807	179	9	range	range	NOUN
eistud-12807	179	10	,	,	PUNCT
eistud-12807	179	11	close	close	ADJ
eistud-12807	179	12	to	to	ADP
eistud-12807	179	13	plus	plus	CCONJ
eistud-12807	179	14	unity	unity	NOUN
eistud-12807	179	15	.	.	PUNCT
eistud-12807	180	1	such	such	ADJ
eistud-12807	180	2	situation	situation	NOUN
eistud-12807	180	3	calls	call	VERB
eistud-12807	180	4	for	for	ADP
eistud-12807	180	5	a	a	DET
eistud-12807	180	6	conclusion	conclusion	NOUN
eistud-12807	180	7	that	that	SCONJ
eistud-12807	180	8	this	this	DET
eistud-12807	180	9	de	de	ADJ
eistud-12807	180	10	-	-	ADJ
eistud-12807	180	11	facto	facto	ADJ
eistud-12807	180	12	coordination	coordination	NOUN
eistud-12807	180	13	of	of	ADP
eistud-12807	180	14	monetary	monetary	ADJ
eistud-12807	180	15	policy	policy	NOUN
eistud-12807	180	16	creates	create	VERB
eistud-12807	180	17	favorable	favorable	ADJ
eistud-12807	180	18	conditions	condition	NOUN
eistud-12807	180	19	for	for	ADP
eistud-12807	180	20	creation	creation	NOUN
eistud-12807	180	21	of	of	ADP
eistud-12807	180	22	a	a	DET
eistud-12807	180	23	monetary	monetary	ADJ
eistud-12807	180	24	union	union	NOUN
eistud-12807	180	25	.	.	PUNCT
eistud-12807	181	1	substituting	substitute	VERB
eistud-12807	181	2	national	national	ADJ
eistud-12807	181	3	monetary	monetary	ADJ
eistud-12807	181	4	policies	policy	NOUN
eistud-12807	181	5	with	with	ADP
eistud-12807	181	6	a	a	DET
eistud-12807	181	7	common	common	ADJ
eistud-12807	181	8	one	one	NOUN
eistud-12807	181	9	would	would	AUX
eistud-12807	181	10	not	not	PART
eistud-12807	181	11	generate	generate	VERB
eistud-12807	181	12	asymmetric	asymmetric	ADJ
eistud-12807	181	13	shocks	shock	NOUN
eistud-12807	181	14	,	,	PUNCT
eistud-12807	181	15	figure	figure	VERB
eistud-12807	181	16	4	4	NUM
eistud-12807	181	17	mpsi	mpsi	ADJ
eistud-12807	181	18	moving	move	VERB
eistud-12807	181	19	correlation	correlation	NOUN
eistud-12807	181	20	coefficient	coefficient	NOUN
eistud-12807	181	21	for	for	ADP
eistud-12807	181	22	all	all	DET
eistud-12807	181	23	gcc	gcc	NOUN
eistud-12807	181	24	countries	country	NOUN
eistud-12807	181	25	(	(	PUNCT
eistud-12807	181	26	author	author	NOUN
eistud-12807	181	27	)	)	PUNCT
eistud-12807	181	28	.	.	PUNCT
eistud-12807	182	1	as	as	SCONJ
eistud-12807	182	2	monetary	monetary	ADJ
eistud-12807	182	3	situation	situation	NOUN
eistud-12807	182	4	has	have	AUX
eistud-12807	182	5	been	be	AUX
eistud-12807	182	6	identical	identical	ADJ
eistud-12807	182	7	in	in	ADP
eistud-12807	182	8	countries	country	NOUN
eistud-12807	182	9	considered	consider	VERB
eistud-12807	182	10	.	.	PUNCT
eistud-12807	183	1	in	in	ADP
eistud-12807	183	2	fact	fact	NOUN
eistud-12807	183	3	,	,	PUNCT
eistud-12807	183	4	the	the	DET
eistud-12807	183	5	observed	observe	VERB
eistud-12807	183	6	performance	performance	NOUN
eistud-12807	183	7	at	at	ADP
eistud-12807	183	8	each	each	DET
eistud-12807	183	9	country	country	NOUN
eistud-12807	183	10	level	level	NOUN
eistud-12807	183	11	has	have	AUX
eistud-12807	183	12	been	be	AUX
eistud-12807	183	13	as	as	SCONJ
eistud-12807	183	14	if	if	SCONJ
eistud-12807	183	15	there	there	PRON
eistud-12807	183	16	has	have	AUX
eistud-12807	183	17	been	be	AUX
eistud-12807	183	18	one	one	NUM
eistud-12807	183	19	common	common	ADJ
eistud-12807	183	20	central	central	ADJ
eistud-12807	183	21	bank	bank	NOUN
eistud-12807	183	22	for	for	ADP
eistud-12807	183	23	the	the	DET
eistud-12807	183	24	gcc	gcc	NOUN
eistud-12807	183	25	countries	country	NOUN
eistud-12807	183	26	already	already	ADV
eistud-12807	183	27	.	.	PUNCT
eistud-12807	184	1	referring	refer	VERB
eistud-12807	184	2	to	to	ADP
eistud-12807	184	3	the	the	DET
eistud-12807	184	4	oca	oca	NOUN
eistud-12807	184	5	literature	literature	NOUN
eistud-12807	184	6	and	and	CCONJ
eistud-12807	184	7	to	to	ADP
eistud-12807	184	8	the	the	DET
eistud-12807	184	9	de	de	ADJ
eistud-12807	184	10	-	-	ADJ
eistud-12807	184	11	facto	facto	ADJ
eistud-12807	184	12	monetary	monetary	ADJ
eistud-12807	184	13	unions	union	NOUN
eistud-12807	184	14	section	section	NOUN
eistud-12807	184	15	one	one	PRON
eistud-12807	184	16	can	can	AUX
eistud-12807	184	17	conclude	conclude	VERB
eistud-12807	184	18	that	that	SCONJ
eistud-12807	184	19	the	the	DET
eistud-12807	184	20	central	central	ADJ
eistud-12807	184	21	bank	bank	NOUN
eistud-12807	184	22	that	that	PRON
eistud-12807	184	23	has	have	AUX
eistud-12807	184	24	been	be	AUX
eistud-12807	184	25	responsible	responsible	ADJ
eistud-12807	184	26	for	for	ADP
eistud-12807	184	27	formulation	formulation	NOUN
eistud-12807	184	28	of	of	ADP
eistud-12807	184	29	monetary	monetary	ADJ
eistud-12807	184	30	policy	policy	NOUN
eistud-12807	184	31	for	for	ADP
eistud-12807	184	32	all	all	PRON
eistud-12807	184	33	of	of	ADP
eistud-12807	184	34	them	they	PRON
eistud-12807	184	35	has	have	AUX
eistud-12807	184	36	been	be	AUX
eistud-12807	184	37	the	the	DET
eistud-12807	184	38	federal	federal	PROPN
eistud-12807	184	39	reserve	reserve	NOUN
eistud-12807	184	40	of	of	ADP
eistud-12807	184	41	the	the	DET
eistud-12807	184	42	usa	usa	PROPN
eistud-12807	184	43	.	.	PROPN
eistud-12807	185	1	therefore	therefore	ADV
eistud-12807	185	2	,	,	PUNCT
eistud-12807	185	3	any	any	DET
eistud-12807	185	4	arguments	argument	NOUN
eistud-12807	185	5	against	against	ADP
eistud-12807	185	6	the	the	DET
eistud-12807	185	7	common	common	ADJ
eistud-12807	185	8	central	central	ADJ
eistud-12807	185	9	bank	bank	NOUN
eistud-12807	185	10	for	for	ADP
eistud-12807	185	11	the	the	DET
eistud-12807	185	12	gcc	gcc	NOUN
eistud-12807	185	13	countries	country	NOUN
eistud-12807	185	14	,	,	PUNCT
eistud-12807	185	15	based	base	VERB
eistud-12807	185	16	on	on	ADP
eistud-12807	185	17	“	"	PUNCT
eistud-12807	185	18	giving	give	VERB
eistud-12807	185	19	up	up	ADP
eistud-12807	185	20	monetary	monetary	ADJ
eistud-12807	185	21	policy	policy	NOUN
eistud-12807	185	22	independence	independence	NOUN
eistud-12807	185	23	”	"	PUNCT
eistud-12807	185	24	have	have	AUX
eistud-12807	185	25	been	be	AUX
eistud-12807	185	26	lacking	lack	VERB
eistud-12807	185	27	any	any	DET
eistud-12807	185	28	ground	ground	NOUN
eistud-12807	185	29	,	,	PUNCT
eistud-12807	185	30	as	as	SCONJ
eistud-12807	185	31	there	there	PRON
eistud-12807	185	32	has	have	AUX
eistud-12807	185	33	been	be	AUX
eistud-12807	185	34	no	no	DET
eistud-12807	185	35	such	such	ADJ
eistud-12807	185	36	independence	independence	NOUN
eistud-12807	185	37	so	so	ADV
eistud-12807	185	38	far	far	ADV
eistud-12807	185	39	.	.	PUNCT
eistud-12807	186	1	the	the	DET
eistud-12807	186	2	empirical	empirical	ADJ
eistud-12807	186	3	study	study	NOUN
eistud-12807	186	4	on	on	ADP
eistud-12807	186	5	similarity	similarity	NOUN
eistud-12807	186	6	of	of	ADP
eistud-12807	186	7	monetary	monetary	ADJ
eistud-12807	186	8	policy	policy	NOUN
eistud-12807	186	9	stance	stance	NOUN
eistud-12807	186	10	in	in	ADP
eistud-12807	186	11	the	the	DET
eistud-12807	186	12	gcc	gcc	NOUN
eistud-12807	186	13	countries	country	NOUN
eistud-12807	186	14	over	over	ADP
eistud-12807	186	15	the	the	DET
eistud-12807	186	16	period	period	NOUN
eistud-12807	186	17	of	of	ADP
eistud-12807	186	18	the	the	DET
eistud-12807	186	19	last	last	ADJ
eistud-12807	186	20	three	three	NUM
eistud-12807	186	21	decades	decade	NOUN
eistud-12807	186	22	delivers	deliver	VERB
eistud-12807	186	23	an	an	DET
eistud-12807	186	24	interesting	interesting	ADJ
eistud-12807	186	25	picture	picture	NOUN
eistud-12807	186	26	.	.	PUNCT
eistud-12807	187	1	due	due	ADP
eistud-12807	187	2	to	to	ADP
eistud-12807	187	3	factors	factor	NOUN
eistud-12807	187	4	discussed	discuss	VERB
eistud-12807	187	5	earlier	early	ADV
eistud-12807	187	6	in	in	ADP
eistud-12807	187	7	this	this	DET
eistud-12807	187	8	paper	paper	NOUN
eistud-12807	187	9	,	,	PUNCT
eistud-12807	187	10	there	there	PRON
eistud-12807	187	11	has	have	AUX
eistud-12807	187	12	been	be	AUX
eistud-12807	187	13	a	a	DET
eistud-12807	187	14	significant	significant	ADJ
eistud-12807	187	15	high	high	ADJ
eistud-12807	187	16	positive	positive	ADJ
eistud-12807	187	17	correlation	correlation	NOUN
eistud-12807	187	18	of	of	ADP
eistud-12807	187	19	the	the	DET
eistud-12807	187	20	monetary	monetary	ADJ
eistud-12807	187	21	policy	policy	NOUN
eistud-12807	187	22	stance	stance	NOUN
eistud-12807	187	23	in	in	ADP
eistud-12807	187	24	the	the	DET
eistud-12807	187	25	region	region	NOUN
eistud-12807	187	26	.	.	PUNCT
eistud-12807	188	1	when	when	SCONJ
eistud-12807	188	2	compared	compare	VERB
eistud-12807	188	3	with	with	ADP
eistud-12807	188	4	the	the	DET
eistud-12807	188	5	situation	situation	NOUN
eistud-12807	188	6	in	in	ADP
eistud-12807	188	7	europe	europe	PROPN
eistud-12807	188	8	,	,	PUNCT
eistud-12807	188	9	prior	prior	ADV
eistud-12807	188	10	to	to	ADP
eistud-12807	188	11	the	the	DET
eistud-12807	188	12	creation	creation	NOUN
eistud-12807	188	13	of	of	ADP
eistud-12807	188	14	the	the	DET
eistud-12807	188	15	emu	emu	PROPN
eistud-12807	188	16	in	in	ADP
eistud-12807	188	17	1999	1999	NUM
eistud-12807	188	18	,	,	PUNCT
eistud-12807	188	19	it	it	PRON
eistud-12807	188	20	is	be	AUX
eistud-12807	188	21	obvious	obvious	ADJ
eistud-12807	188	22	that	that	SCONJ
eistud-12807	188	23	the	the	DET
eistud-12807	188	24	gcc	gcc	NOUN
eistud-12807	188	25	countries	country	NOUN
eistud-12807	188	26	have	have	AUX
eistud-12807	188	27	been	be	AUX
eistud-12807	188	28	suited	suit	VERB
eistud-12807	188	29	for	for	ADP
eistud-12807	188	30	a	a	DET
eistud-12807	188	31	currency	currency	NOUN
eistud-12807	188	32	union	union	NOUN
eistud-12807	188	33	in	in	ADP
eistud-12807	188	34	much	much	ADV
eistud-12807	188	35	greater	great	ADJ
eistud-12807	188	36	extent	extent	NOUN
eistud-12807	188	37	that	that	SCONJ
eistud-12807	188	38	the	the	DET
eistud-12807	188	39	eu	eu	PROPN
eistud-12807	188	40	countries	country	NOUN
eistud-12807	188	41	(	(	PUNCT
eistud-12807	188	42	mlodkowski	mlodkowski	NOUN
eistud-12807	188	43	2011	2011	NUM
eistud-12807	188	44	)	)	PUNCT
eistud-12807	188	45	.	.	PUNCT
eistud-12807	189	1	this	this	PRON
eistud-12807	189	2	has	have	AUX
eistud-12807	189	3	been	be	AUX
eistud-12807	189	4	achieved	achieve	VERB
eistud-12807	189	5	by	by	ADP
eistud-12807	189	6	means	mean	NOUN
eistud-12807	189	7	other	other	ADJ
eistud-12807	189	8	than	than	ADP
eistud-12807	189	9	the	the	DET
eistud-12807	189	10	nominal	nominal	ADJ
eistud-12807	189	11	convergence	convergence	NOUN
eistud-12807	189	12	criteria	criterion	NOUN
eistud-12807	189	13	,	,	PUNCT
eistud-12807	189	14	formulated	formulate	VERB
eistud-12807	189	15	for	for	ADP
eistud-12807	189	16	the	the	DET
eistud-12807	189	17	emu	emu	PROPN
eistud-12807	189	18	members	member	NOUN
eistud-12807	189	19	in	in	ADP
eistud-12807	189	20	the	the	DET
eistud-12807	189	21	maastricht	maastricht	PROPN
eistud-12807	189	22	treaty	treaty	NOUN
eistud-12807	189	23	.	.	PUNCT
eistud-12807	190	1	the	the	DET
eistud-12807	190	2	gcc	gcc	NOUN
eistud-12807	190	3	countries	country	NOUN
eistud-12807	190	4	compose	compose	VERB
eistud-12807	190	5	an	an	DET
eistud-12807	190	6	oca	oca	NOUN
eistud-12807	190	7	,	,	PUNCT
eistud-12807	190	8	but	but	CCONJ
eistud-12807	190	9	still	still	ADV
eistud-12807	190	10	formal	formal	ADJ
eistud-12807	190	11	monetary	monetary	ADJ
eistud-12807	190	12	integration	integration	NOUN
eistud-12807	190	13	is	be	AUX
eistud-12807	190	14	not	not	PART
eistud-12807	190	15	present	present	ADJ
eistud-12807	190	16	.	.	PUNCT
eistud-12807	191	1	there	there	PRON
eistud-12807	191	2	is	be	VERB
eistud-12807	191	3	an	an	DET
eistud-12807	191	4	alternative	alternative	ADJ
eistud-12807	191	5	situation	situation	NOUN
eistud-12807	191	6	that	that	SCONJ
eistud-12807	191	7	we	we	PRON
eistud-12807	191	8	may	may	AUX
eistud-12807	191	9	label	label	VERB
eistud-12807	191	10	“	"	PUNCT
eistud-12807	191	11	de	de	ADJ
eistud-12807	191	12	-	-	ADJ
eistud-12807	191	13	facto	facto	ADJ
eistud-12807	191	14	monetary	monetary	ADJ
eistud-12807	191	15	integration	integration	NOUN
eistud-12807	191	16	”	"	PUNCT
eistud-12807	191	17	.	.	PUNCT
eistud-12807	192	1	in	in	ADP
eistud-12807	192	2	the	the	DET
eistud-12807	192	3	same	same	ADJ
eistud-12807	192	4	time	time	NOUN
eistud-12807	192	5	,	,	PUNCT
eistud-12807	192	6	the	the	DET
eistud-12807	192	7	emu	emu	PROPN
eistud-12807	192	8	conclusions	conclusion	NOUN
eistud-12807	192	9	figure	figure	VERB
eistud-12807	192	10	5	5	NUM
eistud-12807	192	11	correlation	correlation	NOUN
eistud-12807	192	12	coefficients	coefficient	NOUN
eistud-12807	192	13	for	for	ADP
eistud-12807	192	14	mpsi	mpsi	NOUN
eistud-12807	192	15	in	in	ADP
eistud-12807	192	16	the	the	DET
eistud-12807	192	17	most	most	ADV
eistud-12807	192	18	recent	recent	ADJ
eistud-12807	192	19	period	period	NOUN
eistud-12807	192	20	2010	2010	NUM
eistud-12807	192	21	-	-	SYM
eistud-12807	192	22	2014	2014	NUM
eistud-12807	192	23	(	(	PUNCT
eistud-12807	192	24	author	author	NOUN
eistud-12807	192	25	)	)	PUNCT
eistud-12807	192	26	countries	country	NOUN
eistud-12807	192	27	enjoy	enjoy	VERB
eistud-12807	192	28	the	the	DET
eistud-12807	192	29	common	common	ADJ
eistud-12807	192	30	currency	currency	NOUN
eistud-12807	192	31	benefits	benefit	NOUN
eistud-12807	192	32	in	in	ADP
eistud-12807	192	33	spite	spite	NOUN
eistud-12807	192	34	they	they	PRON
eistud-12807	192	35	do	do	AUX
eistud-12807	192	36	not	not	PART
eistud-12807	192	37	meet	meet	VERB
eistud-12807	192	38	the	the	DET
eistud-12807	192	39	oca	oca	NOUN
eistud-12807	192	40	criteria	criterion	NOUN
eistud-12807	192	41	,	,	PUNCT
eistud-12807	192	42	and	and	CCONJ
eistud-12807	192	43	they	they	PRON
eistud-12807	192	44	do	do	AUX
eistud-12807	192	45	not	not	PART
eistud-12807	192	46	perform	perform	VERB
eistud-12807	192	47	in	in	ADP
eistud-12807	192	48	a	a	DET
eistud-12807	192	49	manner	manner	NOUN
eistud-12807	192	50	justifying	justify	VERB
eistud-12807	192	51	the	the	DET
eistud-12807	192	52	common	common	ADJ
eistud-12807	192	53	monetary	monetary	ADJ
eistud-12807	192	54	policy	policy	NOUN
eistud-12807	192	55	.	.	PUNCT
eistud-12807	193	1	as	as	SCONJ
eistud-12807	193	2	the	the	DET
eistud-12807	193	3	presented	present	VERB
eistud-12807	193	4	case	case	NOUN
eistud-12807	193	5	shows	show	VERB
eistud-12807	193	6	,	,	PUNCT
eistud-12807	193	7	the	the	DET
eistud-12807	193	8	formal	formal	ADJ
eistud-12807	193	9	monetary	monetary	ADJ
eistud-12807	193	10	integration	integration	NOUN
eistud-12807	193	11	may	may	AUX
eistud-12807	193	12	be	be	AUX
eistud-12807	193	13	postponed	postpone	VERB
eistud-12807	193	14	due	due	ADP
eistud-12807	193	15	to	to	ADP
eistud-12807	193	16	some	some	DET
eistud-12807	193	17	other	other	ADJ
eistud-12807	193	18	considerations	consideration	NOUN
eistud-12807	193	19	.	.	PUNCT
eistud-12807	194	1	the	the	DET
eistud-12807	194	2	emu	emu	PROPN
eistud-12807	194	3	example	example	NOUN
eistud-12807	194	4	indicates	indicate	VERB
eistud-12807	194	5	that	that	SCONJ
eistud-12807	194	6	political	political	ADJ
eistud-12807	194	7	will	will	NOUN
eistud-12807	194	8	is	be	AUX
eistud-12807	194	9	able	able	ADJ
eistud-12807	194	10	to	to	PART
eistud-12807	194	11	overcome	overcome	VERB
eistud-12807	194	12	reservations	reservation	NOUN
eistud-12807	194	13	resulting	result	VERB
eistud-12807	194	14	from	from	ADP
eistud-12807	194	15	not	not	PART
eistud-12807	194	16	meeting	meet	VERB
eistud-12807	194	17	the	the	DET
eistud-12807	194	18	oca	oca	NOUN
eistud-12807	194	19	criteria	criterion	NOUN
eistud-12807	194	20	that	that	PRON
eistud-12807	194	21	used	use	VERB
eistud-12807	194	22	to	to	PART
eistud-12807	194	23	be	be	AUX
eistud-12807	194	24	pronounced	pronounce	VERB
eistud-12807	194	25	as	as	ADP
eistud-12807	194	26	justifying	justify	VERB
eistud-12807	194	27	cre205	cre205	PROPN
eistud-12807	194	28	european	european	ADJ
eistud-12807	194	29	integrat	integrat	PROPN
eistud-12807	194	30	ion	ion	NOUN
eistud-12807	194	31	studies	study	NOUN
eistud-12807	194	32	2015/9	2015/9	NUM
eistud-12807	194	33	ation	ation	NOUN
eistud-12807	194	34	of	of	ADP
eistud-12807	194	35	a	a	DET
eistud-12807	194	36	common	common	ADJ
eistud-12807	194	37	currency	currency	NOUN
eistud-12807	194	38	.	.	PUNCT
eistud-12807	195	1	political	political	ADJ
eistud-12807	195	2	factors	factor	NOUN
eistud-12807	195	3	are	be	AUX
eistud-12807	195	4	able	able	ADJ
eistud-12807	195	5	to	to	PART
eistud-12807	195	6	mitigate	mitigate	VERB
eistud-12807	195	7	also	also	ADV
eistud-12807	195	8	the	the	DET
eistud-12807	195	9	fact	fact	NOUN
eistud-12807	195	10	of	of	ADP
eistud-12807	195	11	explicit	explicit	ADJ
eistud-12807	195	12	violation	violation	NOUN
eistud-12807	195	13	of	of	ADP
eistud-12807	195	14	the	the	DET
eistud-12807	195	15	limits	limit	NOUN
eistud-12807	195	16	and	and	CCONJ
eistud-12807	195	17	requirements	requirement	NOUN
eistud-12807	195	18	imposed	impose	VERB
eistud-12807	195	19	on	on	ADP
eistud-12807	195	20	emu	emu	PROPN
eistud-12807	195	21	member	member	NOUN
eistud-12807	195	22	states	state	NOUN
eistud-12807	195	23	.	.	PUNCT
eistud-12807	196	1	by	by	ADP
eistud-12807	196	2	comparison	comparison	NOUN
eistud-12807	196	3	,	,	PUNCT
eistud-12807	196	4	it	it	PRON
eistud-12807	196	5	is	be	AUX
eistud-12807	196	6	highly	highly	ADV
eistud-12807	196	7	possible	possible	ADJ
eistud-12807	196	8	that	that	SCONJ
eistud-12807	196	9	the	the	DET
eistud-12807	196	10	reason	reason	NOUN
eistud-12807	196	11	for	for	ADP
eistud-12807	196	12	not	not	PART
eistud-12807	196	13	observing	observe	VERB
eistud-12807	196	14	a	a	DET
eistud-12807	196	15	new	new	ADJ
eistud-12807	196	16	common	common	ADJ
eistud-12807	196	17	currency	currency	NOUN
eistud-12807	196	18	in	in	ADP
eistud-12807	196	19	the	the	DET
eistud-12807	196	20	gcc	gcc	NOUN
eistud-12807	196	21	countries	country	NOUN
eistud-12807	196	22	is	be	AUX
eistud-12807	196	23	also	also	ADV
eistud-12807	196	24	‘	'	PUNCT
eistud-12807	196	25	political	political	ADJ
eistud-12807	196	26	’	'	PUNCT
eistud-12807	196	27	.	.	PUNCT
eistud-12807	197	1	otherwise	otherwise	ADV
eistud-12807	197	2	,	,	PUNCT
eistud-12807	197	3	we	we	PRON
eistud-12807	197	4	should	should	AUX
eistud-12807	197	5	have	have	VERB
eistud-12807	197	6	a	a	DET
eistud-12807	197	7	new	new	ADJ
eistud-12807	197	8	gcc	gcc	NOUN
eistud-12807	197	9	common	common	ADJ
eistud-12807	197	10	currency	currency	NOUN
eistud-12807	197	11	in	in	ADP
eistud-12807	197	12	the	the	DET
eistud-12807	197	13	global	global	ADJ
eistud-12807	197	14	economy	economy	NOUN
eistud-12807	197	15	that	that	PRON
eistud-12807	197	16	would	would	AUX
eistud-12807	197	17	definitely	definitely	ADV
eistud-12807	197	18	become	become	VERB
eistud-12807	197	19	an	an	DET
eistud-12807	197	20	important	important	ADJ
eistud-12807	197	21	reserve	reserve	NOUN
eistud-12807	197	22	currency	currency	NOUN
eistud-12807	197	23	,	,	PUNCT
eistud-12807	197	24	and	and	CCONJ
eistud-12807	197	25	a	a	DET
eistud-12807	197	26	unit	unit	NOUN
eistud-12807	197	27	of	of	ADP
eistud-12807	197	28	account	account	NOUN
eistud-12807	197	29	and	and	CCONJ
eistud-12807	197	30	payments	payment	NOUN
eistud-12807	197	31	for	for	ADP
eistud-12807	197	32	international	international	ADJ
eistud-12807	197	33	trade	trade	NOUN
eistud-12807	197	34	in	in	ADP
eistud-12807	197	35	hydrocarbons	hydrocarbon	NOUN
eistud-12807	197	36	.	.	PUNCT
eistud-12807	198	1	abell	abell	PROPN
eistud-12807	198	2	,	,	PUNCT
eistud-12807	198	3	j.	j.	PROPN
eistud-12807	198	4	d.	d.	PROPN
eistud-12807	198	5	(	(	PUNCT
eistud-12807	198	6	1991	1991	NUM
eistud-12807	198	7	)	)	PUNCT
eistud-12807	198	8	.	.	PUNCT
eistud-12807	199	1	distributional	distributional	ADJ
eistud-12807	199	2	effects	effect	NOUN
eistud-12807	199	3	of	of	ADP
eistud-12807	199	4	monetary	monetary	ADJ
eistud-12807	199	5	and	and	CCONJ
eistud-12807	199	6	fiscal	fiscal	ADJ
eistud-12807	199	7	policy	policy	NOUN
eistud-12807	199	8	:	:	PUNCT
eistud-12807	199	9	impacts	impact	NOUN
eistud-12807	199	10	on	on	ADP
eistud-12807	199	11	unemployment	unemployment	NOUN
eistud-12807	199	12	rates	rate	NOUN
eistud-12807	199	13	disaggregated	disaggregate	VERB
eistud-12807	199	14	by	by	ADP
eistud-12807	199	15	race	race	NOUN
eistud-12807	199	16	and	and	CCONJ
eistud-12807	199	17	gender	gender	NOUN
eistud-12807	199	18	.	.	PUNCT
eistud-12807	200	1	american	american	PROPN
eistud-12807	200	2	journal	journal	PROPN
eistud-12807	200	3	of	of	ADP
eistud-12807	200	4	economics	economic	NOUN
eistud-12807	200	5	and	and	CCONJ
eistud-12807	200	6	sociology	sociology	NOUN
eistud-12807	200	7	,	,	PUNCT
eistud-12807	200	8	50(3	50(3	NUM
eistud-12807	200	9	)	)	PUNCT
eistud-12807	200	10	,	,	PUNCT
eistud-12807	200	11	269	269	NUM
eistud-12807	200	12	-	-	SYM
eistud-12807	200	13	284	284	NUM
eistud-12807	200	14	.	.	PUNCT
eistud-12807	201	1	http://dx	http://dx	NOUN
eistud-12807	201	2	.	.	PUNCT
eistud-12807	202	1	doi.org/10.1111/j.1536-7150.1991.tb02294.x	doi.org/10.1111/j.1536-7150.1991.tb02294.x	PROPN
eistud-12807	202	2	bernanke	bernanke	PROPN
eistud-12807	202	3	,	,	PUNCT
eistud-12807	202	4	b.	b.	PROPN
eistud-12807	202	5	s.	s.	PROPN
eistud-12807	202	6	&	&	CCONJ
eistud-12807	202	7	blinder	blinder	PROPN
eistud-12807	202	8	,	,	PUNCT
eistud-12807	202	9	a.s	a.s	PROPN
eistud-12807	202	10	.	.	PROPN
eistud-12807	202	11	(	(	PUNCT
eistud-12807	202	12	1992	1992	NUM
eistud-12807	202	13	)	)	PUNCT
eistud-12807	202	14	.	.	PUNCT
eistud-12807	203	1	the	the	DET
eistud-12807	203	2	federal	federal	ADJ
eistud-12807	203	3	funds	fund	NOUN
eistud-12807	203	4	rate	rate	NOUN
eistud-12807	203	5	and	and	CCONJ
eistud-12807	203	6	the	the	DET
eistud-12807	203	7	channels	channel	NOUN
eistud-12807	203	8	of	of	ADP
eistud-12807	203	9	monetary	monetary	ADJ
eistud-12807	203	10	transmission	transmission	NOUN
eistud-12807	203	11	.	.	PUNCT
eistud-12807	204	1	the	the	DET
eistud-12807	204	2	american	american	PROPN
eistud-12807	204	3	economic	economic	PROPN
eistud-12807	204	4	review	review	PROPN
eistud-12807	204	5	,	,	PUNCT
eistud-12807	204	6	82(4	82(4	NUM
eistud-12807	204	7	)	)	PUNCT
eistud-12807	204	8	,	,	PUNCT
eistud-12807	204	9	901	901	NUM
eistud-12807	204	10	-	-	SYM
eistud-12807	204	11	921	921	NUM
eistud-12807	204	12	.	.	PUNCT
eistud-12807	205	1	bernanke	bernanke	PROPN
eistud-12807	205	2	,	,	PUNCT
eistud-12807	205	3	b.	b.	PROPN
eistud-12807	205	4	s.	s.	PROPN
eistud-12807	205	5	&	&	CCONJ
eistud-12807	205	6	gertler	gertler	PROPN
eistud-12807	205	7	,	,	PUNCT
eistud-12807	205	8	m.	m.	NOUN
eistud-12807	205	9	(	(	PUNCT
eistud-12807	205	10	1995	1995	NUM
eistud-12807	205	11	)	)	PUNCT
eistud-12807	205	12	.	.	PUNCT
eistud-12807	206	1	inside	inside	ADP
eistud-12807	206	2	the	the	DET
eistud-12807	206	3	black	black	ADJ
eistud-12807	206	4	box	box	PROPN
eistud-12807	206	5	:	:	PUNCT
eistud-12807	206	6	the	the	DET
eistud-12807	206	7	credit	credit	NOUN
eistud-12807	206	8	channel	channel	NOUN
eistud-12807	206	9	of	of	ADP
eistud-12807	206	10	monetary	monetary	ADJ
eistud-12807	206	11	policy	policy	NOUN
eistud-12807	206	12	transmission	transmission	NOUN
eistud-12807	206	13	.	.	PUNCT
eistud-12807	207	1	journal	journal	NOUN
eistud-12807	207	2	of	of	ADP
eistud-12807	207	3	economic	economic	ADJ
eistud-12807	207	4	perspectives	perspective	NOUN
eistud-12807	207	5	,	,	PUNCT
eistud-12807	207	6	9(4	9(4	NUM
eistud-12807	207	7	)	)	PUNCT
eistud-12807	207	8	,	,	PUNCT
eistud-12807	207	9	27	27	NUM
eistud-12807	207	10	-	-	SYM
eistud-12807	207	11	48	48	NUM
eistud-12807	207	12	.	.	PUNCT
eistud-12807	208	1	http://dx.doi.org/10.1257/jep.9.4.27	http://dx.doi.org/10.1257/jep.9.4.27	PROPN
eistud-12807	208	2	bernanke	bernanke	PROPN
eistud-12807	208	3	,	,	PUNCT
eistud-12807	208	4	b.	b.	PROPN
eistud-12807	208	5	s.	s.	PROPN
eistud-12807	208	6	&	&	CCONJ
eistud-12807	208	7	mihov	mihov	PROPN
eistud-12807	208	8	,	,	PUNCT
eistud-12807	208	9	i.	i.	PROPN
eistud-12807	208	10	(	(	PUNCT
eistud-12807	208	11	1998	1998	NUM
eistud-12807	208	12	)	)	PUNCT
eistud-12807	208	13	.	.	PUNCT
eistud-12807	209	1	measuring	measure	VERB
eistud-12807	209	2	monetary	monetary	ADJ
eistud-12807	209	3	policy	policy	NOUN
eistud-12807	209	4	.	.	PUNCT
eistud-12807	210	1	quarterly	quarterly	ADJ
eistud-12807	210	2	journal	journal	NOUN
eistud-12807	210	3	of	of	ADP
eistud-12807	210	4	economics	economic	NOUN
eistud-12807	210	5	,	,	PUNCT
eistud-12807	210	6	113(3	113(3	NUM
eistud-12807	210	7	)	)	PUNCT
eistud-12807	210	8	,	,	PUNCT
eistud-12807	210	9	869	869	NUM
eistud-12807	210	10	-	-	SYM
eistud-12807	210	11	902	902	NUM
eistud-12807	210	12	.	.	PUNCT
eistud-12807	211	1	http://dx.doi	http://dx.doi	NOUN
eistud-12807	211	2	.	.	PUNCT
eistud-12807	212	1	org/10.1162/003355398555775	org/10.1162/003355398555775	PROPN
eistud-12807	212	2	christiano	christiano	PROPN
eistud-12807	212	3	,	,	PUNCT
eistud-12807	212	4	l.	l.	PROPN
eistud-12807	212	5	j.	j.	PROPN
eistud-12807	212	6	,	,	PUNCT
eistud-12807	212	7	eichenbaum	eichenbaum	PROPN
eistud-12807	212	8	,	,	PUNCT
eistud-12807	212	9	m.	m.	PROPN
eistud-12807	212	10	&	&	CCONJ
eistud-12807	212	11	evans	evans	PROPN
eistud-12807	212	12	,	,	PUNCT
eistud-12807	212	13	ch	ch	NOUN
eistud-12807	212	14	.	.	PROPN
eistud-12807	212	15	(	(	PUNCT
eistud-12807	212	16	1996	1996	NUM
eistud-12807	212	17	)	)	PUNCT
eistud-12807	212	18	.	.	PUNCT
eistud-12807	213	1	the	the	DET
eistud-12807	213	2	effects	effect	NOUN
eistud-12807	213	3	of	of	ADP
eistud-12807	213	4	monetary	monetary	ADJ
eistud-12807	213	5	policy	policy	NOUN
eistud-12807	213	6	shocks	shock	NOUN
eistud-12807	213	7	:	:	PUNCT
eistud-12807	213	8	evidence	evidence	NOUN
eistud-12807	213	9	from	from	ADP
eistud-12807	213	10	the	the	DET
eistud-12807	213	11	flow	flow	NOUN
eistud-12807	213	12	of	of	ADP
eistud-12807	213	13	funds	fund	NOUN
eistud-12807	213	14	.	.	PUNCT
eistud-12807	214	1	the	the	DET
eistud-12807	214	2	review	review	NOUN
eistud-12807	214	3	of	of	ADP
eistud-12807	214	4	economics	economic	NOUN
eistud-12807	214	5	and	and	CCONJ
eistud-12807	214	6	statistics	statistic	NOUN
eistud-12807	214	7	,	,	PUNCT
eistud-12807	214	8	78(1	78(1	NOUN
eistud-12807	214	9	)	)	PUNCT
eistud-12807	214	10	,	,	PUNCT
eistud-12807	214	11	16	16	NUM
eistud-12807	214	12	-	-	SYM
eistud-12807	214	13	34	34	NUM
eistud-12807	214	14	.	.	PUNCT
eistud-12807	214	15	http://dx.doi	http://dx.doi	NOUN
eistud-12807	214	16	.	.	PUNCT
eistud-12807	215	1	org/10.2307/2109845	org/10.2307/2109845	ADJ
eistud-12807	215	2	eika	eika	NOUN
eistud-12807	215	3	,	,	PUNCT
eistud-12807	215	4	k.	k.	PROPN
eistud-12807	215	5	h.	h.	PROPN
eistud-12807	215	6	,	,	PUNCT
eistud-12807	215	7	ericsson	ericsson	PROPN
eistud-12807	215	8	,	,	PUNCT
eistud-12807	215	9	n.	n.	PROPN
eistud-12807	215	10	r.	r.	PROPN
eistud-12807	215	11	&	&	CCONJ
eistud-12807	215	12	nymoen	nymoen	PROPN
eistud-12807	215	13	,	,	PUNCT
eistud-12807	215	14	r.	r.	PROPN
eistud-12807	215	15	(	(	PUNCT
eistud-12807	215	16	1996	1996	NUM
eistud-12807	215	17	)	)	PUNCT
eistud-12807	215	18	.	.	PUNCT
eistud-12807	216	1	hazards	hazard	NOUN
eistud-12807	216	2	in	in	ADP
eistud-12807	216	3	making	make	VERB
eistud-12807	216	4	a	a	DET
eistud-12807	216	5	monetary	monetary	ADJ
eistud-12807	216	6	conditions	condition	NOUN
eistud-12807	216	7	index	index	NOUN
eistud-12807	216	8	operational	operational	ADJ
eistud-12807	216	9	.	.	PUNCT
eistud-12807	217	1	oxford	oxford	ADJ
eistud-12807	217	2	bulletin	bulletin	NOUN
eistud-12807	217	3	of	of	ADP
eistud-12807	217	4	economics	economic	NOUN
eistud-12807	217	5	and	and	CCONJ
eistud-12807	217	6	statistics	statistic	NOUN
eistud-12807	217	7	(	(	PUNCT
eistud-12807	217	8	special	special	ADJ
eistud-12807	217	9	issue	issue	NOUN
eistud-12807	217	10	)	)	PUNCT
eistud-12807	217	11	in	in	ADP
eistud-12807	217	12	a.	a.	PROPN
eistud-12807	217	13	banerjee	banerjee	PROPN
eistud-12807	217	14	and	and	CCONJ
eistud-12807	217	15	d.f	d.f	PROPN
eistud-12807	217	16	.	.	PROPN
eistud-12807	217	17	hendry	hendry	PROPN
eistud-12807	217	18	(	(	PUNCT
eistud-12807	217	19	ed	ed	NOUN
eistud-12807	217	20	.	.	PUNCT
eistud-12807	217	21	)	)	PUNCT
eistud-12807	217	22	.	.	PUNCT
eistud-12807	218	1	the	the	DET
eistud-12807	218	2	econometrics	econometric	NOUN
eistud-12807	218	3	of	of	ADP
eistud-12807	218	4	economic	economic	ADJ
eistud-12807	218	5	policy	policy	NOUN
eistud-12807	218	6	,	,	PUNCT
eistud-12807	218	7	58(4	58(4	NUM
eistud-12807	218	8	)	)	PUNCT
eistud-12807	218	9	,	,	PUNCT
eistud-12807	218	10	765	765	NUM
eistud-12807	218	11	–	–	PUNCT
eistud-12807	218	12	790	790	NUM
eistud-12807	218	13	.	.	PUNCT
eistud-12807	218	14	ellingsen	ellingsen	PROPN
eistud-12807	218	15	,	,	PUNCT
eistud-12807	218	16	t.	t.	PROPN
eistud-12807	218	17	&	&	CCONJ
eistud-12807	218	18	söderström	söderström	PROPN
eistud-12807	218	19	,	,	PUNCT
eistud-12807	218	20	u.	u.	PROPN
eistud-12807	218	21	(	(	PUNCT
eistud-12807	218	22	2001	2001	NUM
eistud-12807	218	23	)	)	PUNCT
eistud-12807	218	24	.	.	PUNCT
eistud-12807	219	1	monetary	monetary	ADJ
eistud-12807	219	2	policy	policy	NOUN
eistud-12807	219	3	and	and	CCONJ
eistud-12807	219	4	market	market	NOUN
eistud-12807	219	5	interest	interest	NOUN
eistud-12807	219	6	rates	rate	NOUN
eistud-12807	219	7	.	.	PUNCT
eistud-12807	220	1	the	the	DET
eistud-12807	220	2	american	american	PROPN
eistud-12807	220	3	economic	economic	PROPN
eistud-12807	220	4	review	review	PROPN
eistud-12807	220	5	,	,	PUNCT
eistud-12807	220	6	91(5	91(5	NUM
eistud-12807	220	7	)	)	PUNCT
eistud-12807	220	8	,	,	PUNCT
eistud-12807	220	9	1594	1594	NUM
eistud-12807	220	10	-	-	SYM
eistud-12807	220	11	1607	1607	NUM
eistud-12807	220	12	.	.	PUNCT
eistud-12807	221	1	http://dx.doi	http://dx.doi	NOUN
eistud-12807	221	2	.	.	PUNCT
eistud-12807	222	1	org/10.1257	org/10.1257	NOUN
eistud-12807	222	2	/	/	SYM
eistud-12807	222	3	aer.91.5.1594	aer.91.5.1594	NOUN
eistud-12807	222	4	freedman	freedman	PROPN
eistud-12807	222	5	,	,	PUNCT
eistud-12807	222	6	c.	c.	PROPN
eistud-12807	222	7	(	(	PUNCT
eistud-12807	222	8	1994	1994	NUM
eistud-12807	222	9	)	)	PUNCT
eistud-12807	222	10	.	.	PUNCT
eistud-12807	223	1	the	the	DET
eistud-12807	223	2	use	use	NOUN
eistud-12807	223	3	of	of	ADP
eistud-12807	223	4	indicators	indicator	NOUN
eistud-12807	223	5	and	and	CCONJ
eistud-12807	223	6	of	of	ADP
eistud-12807	223	7	the	the	DET
eistud-12807	223	8	monetary	monetary	ADJ
eistud-12807	223	9	conditions	condition	NOUN
eistud-12807	223	10	index	index	NOUN
eistud-12807	223	11	in	in	ADP
eistud-12807	223	12	canada	canada	PROPN
eistud-12807	223	13	,	,	PUNCT
eistud-12807	223	14	in	in	ADP
eistud-12807	223	15	t.	t.	PROPN
eistud-12807	223	16	j.	j.	PROPN
eistud-12807	223	17	baliño	baliño	PROPN
eistud-12807	223	18	,	,	PUNCT
eistud-12807	223	19	c.	c.	PROPN
eistud-12807	223	20	cottarelli	cottarelli	PROPN
eistud-12807	223	21	(	(	PUNCT
eistud-12807	223	22	ed	ed	NOUN
eistud-12807	223	23	.	.	PUNCT
eistud-12807	223	24	)	)	PUNCT
eistud-12807	223	25	.	.	PUNCT
eistud-12807	224	1	frameworks	framework	NOUN
eistud-12807	224	2	for	for	ADP
eistud-12807	224	3	monetary	monetary	ADJ
eistud-12807	224	4	policy	policy	NOUN
eistud-12807	224	5	stability	stability	NOUN
eistud-12807	224	6	:	:	PUNCT
eistud-12807	224	7	policy	policy	NOUN
eistud-12807	224	8	issues	issue	NOUN
eistud-12807	224	9	and	and	CCONJ
eistud-12807	224	10	country	country	NOUN
eistud-12807	224	11	experiences	experience	NOUN
eistud-12807	224	12	(	(	PUNCT
eistud-12807	224	13	chapter	chapter	NOUN
eistud-12807	224	14	18	18	NUM
eistud-12807	224	15	,	,	PUNCT
eistud-12807	224	16	pp	pp	ADJ
eistud-12807	224	17	.	.	PUNCT
eistud-12807	225	1	458	458	NUM
eistud-12807	225	2	–	–	PUNCT
eistud-12807	225	3	476	476	NUM
eistud-12807	225	4	)	)	PUNCT
eistud-12807	225	5	,	,	PUNCT
eistud-12807	225	6	international	international	ADJ
eistud-12807	225	7	monetary	monetary	ADJ
eistud-12807	225	8	fund	fund	PROPN
eistud-12807	225	9	,	,	PUNCT
eistud-12807	225	10	washington	washington	PROPN
eistud-12807	225	11	d.c	d.c	PROPN
eistud-12807	225	12	..	..	PROPN
eistud-12807	225	13	http://dx.doi	http://dx.doi	PROPN
eistud-12807	225	14	.	.	PUNCT
eistud-12807	226	1	org/10.2307/1927148	org/10.2307/1927148	NOUN
eistud-12807	226	2	friedman	friedman	PROPN
eistud-12807	226	3	,	,	PUNCT
eistud-12807	226	4	m.	m.	PROPN
eistud-12807	226	5	&	&	CCONJ
eistud-12807	226	6	schwartz	schwartz	PROPN
eistud-12807	226	7	,	,	PUNCT
eistud-12807	226	8	a.	a.	PROPN
eistud-12807	226	9	(	(	PUNCT
eistud-12807	226	10	1963	1963	NUM
eistud-12807	226	11	)	)	PUNCT
eistud-12807	226	12	.	.	PUNCT
eistud-12807	227	1	money	money	NOUN
eistud-12807	227	2	and	and	CCONJ
eistud-12807	227	3	business	business	NOUN
eistud-12807	227	4	cycles	cycle	NOUN
eistud-12807	227	5	.	.	PUNCT
eistud-12807	228	1	review	review	NOUN
eistud-12807	228	2	of	of	ADP
eistud-12807	228	3	economics	economic	NOUN
eistud-12807	228	4	and	and	CCONJ
eistud-12807	228	5	statistics	statistic	NOUN
eistud-12807	228	6	,	,	PUNCT
eistud-12807	228	7	45	45	NUM
eistud-12807	228	8	,	,	PUNCT
eistud-12807	228	9	32	32	NUM
eistud-12807	228	10	-	-	SYM
eistud-12807	228	11	64	64	NUM
eistud-12807	228	12	.	.	PUNCT
eistud-12807	229	1	gertler	gertler	NOUN
eistud-12807	229	2	,	,	PUNCT
eistud-12807	229	3	m.	m.	NOUN
eistud-12807	229	4	&	&	CCONJ
eistud-12807	229	5	gilchrist	gilchrist	PROPN
eistud-12807	229	6	,	,	PUNCT
eistud-12807	229	7	s.	s.	PROPN
eistud-12807	229	8	(	(	PUNCT
eistud-12807	229	9	1993	1993	NUM
eistud-12807	229	10	)	)	PUNCT
eistud-12807	229	11	.	.	PUNCT
eistud-12807	230	1	the	the	DET
eistud-12807	230	2	role	role	NOUN
eistud-12807	230	3	of	of	ADP
eistud-12807	230	4	credit	credit	NOUN
eistud-12807	230	5	market	market	NOUN
eistud-12807	230	6	imperfections	imperfection	NOUN
eistud-12807	230	7	in	in	ADP
eistud-12807	230	8	the	the	DET
eistud-12807	230	9	monetary	monetary	ADJ
eistud-12807	230	10	transmissireferenceson	transmissireferenceson	NOUN
eistud-12807	230	11	mechanism	mechanism	NOUN
eistud-12807	230	12	:	:	PUNCT
eistud-12807	230	13	arguments	argument	NOUN
eistud-12807	230	14	and	and	CCONJ
eistud-12807	230	15	evidence	evidence	NOUN
eistud-12807	230	16	.	.	PUNCT
eistud-12807	231	1	scandinavian	scandinavian	ADJ
eistud-12807	231	2	journal	journal	PROPN
eistud-12807	231	3	of	of	ADP
eistud-12807	231	4	economics	economic	NOUN
eistud-12807	231	5	,	,	PUNCT
eistud-12807	231	6	95(1	95(1	NOUN
eistud-12807	231	7	)	)	PUNCT
eistud-12807	231	8	,	,	PUNCT
eistud-12807	231	9	43	43	NUM
eistud-12807	231	10	-	-	SYM
eistud-12807	231	11	64	64	NUM
eistud-12807	231	12	.	.	PUNCT
eistud-12807	232	1	http://	http://	PROPN
eistud-12807	232	2	dx.doi.org/10.2307/3440134	dx.doi.org/10.2307/3440134	PROPN
eistud-12807	232	3	goodfriend	goodfriend	PROPN
eistud-12807	232	4	,	,	PUNCT
eistud-12807	232	5	m.	m.	NOUN
eistud-12807	232	6	(	(	PUNCT
eistud-12807	232	7	1993	1993	NUM
eistud-12807	232	8	)	)	PUNCT
eistud-12807	232	9	.	.	PUNCT
eistud-12807	233	1	interest	interest	NOUN
eistud-12807	233	2	rate	rate	NOUN
eistud-12807	233	3	policy	policy	NOUN
eistud-12807	233	4	and	and	CCONJ
eistud-12807	233	5	the	the	DET
eistud-12807	233	6	inflation	inflation	NOUN
eistud-12807	233	7	scare	scare	NOUN
eistud-12807	233	8	problem	problem	NOUN
eistud-12807	233	9	:	:	PUNCT
eistud-12807	233	10	1979	1979	NUM
eistud-12807	233	11	-	-	SYM
eistud-12807	233	12	1992	1992	NUM
eistud-12807	233	13	.	.	PUNCT
eistud-12807	234	1	federal	federal	PROPN
eistud-12807	234	2	reserve	reserve	PROPN
eistud-12807	234	3	bank	bank	PROPN
eistud-12807	234	4	of	of	ADP
eistud-12807	234	5	richmond	richmond	PROPN
eistud-12807	234	6	economic	economic	ADJ
eistud-12807	234	7	quarterly	quarterly	ADJ
eistud-12807	234	8	,	,	PUNCT
eistud-12807	234	9	79(1	79(1	NOUN
eistud-12807	234	10	)	)	PUNCT
eistud-12807	234	11	,	,	PUNCT
eistud-12807	234	12	1	1	NUM
eistud-12807	234	13	-	-	SYM
eistud-12807	234	14	24	24	NUM
eistud-12807	234	15	.	.	PUNCT
eistud-12807	235	1	hanna	hanna	PROPN
eistud-12807	235	2	,	,	PUNCT
eistud-12807	235	3	d.	d.	PROPN
eistud-12807	235	4	(	(	PUNCT
eistud-12807	235	5	2006	2006	NUM
eistud-12807	235	6	)	)	PUNCT
eistud-12807	235	7	.	.	PUNCT
eistud-12807	236	1	a	a	DET
eistud-12807	236	2	new	new	ADJ
eistud-12807	236	3	fiscal	fiscal	ADJ
eistud-12807	236	4	framework	framework	NOUN
eistud-12807	236	5	for	for	ADP
eistud-12807	236	6	gcc	gcc	NOUN
eistud-12807	236	7	countries	country	NOUN
eistud-12807	236	8	ahead	ahead	ADV
eistud-12807	236	9	of	of	ADP
eistud-12807	236	10	monetary	monetary	ADJ
eistud-12807	236	11	union	union	NOUN
eistud-12807	236	12	.	.	PUNCT
eistud-12807	237	1	retrived	retrive	VERB
eistud-12807	237	2	january	january	PROPN
eistud-12807	237	3	,	,	PUNCT
eistud-12807	237	4	6	6	NUM
eistud-12807	237	5	,	,	PUNCT
eistud-12807	237	6	2015	2015	NUM
eistud-12807	237	7	from	from	ADP
eistud-12807	237	8	http//se2.isn.ch	http//se2.isn.ch	NOUN
eistud-12807	237	9	/	/	SYM
eistud-12807	237	10	serviceengine/	serviceengine/	NOUN
eistud-12807	237	11	files	file	NOUN
eistud-12807	237	12	/	/	SYM
eistud-12807	237	13	esdp/25144/	esdp/25144/	PROPN
eistud-12807	237	14	..	..	PUNCT
eistud-12807	237	15	/open_brief_may06.pdf	/open_brief_may06.pdf	NOUN
eistud-12807	238	1	jadresic	jadresic	PROPN
eistud-12807	238	2	,	,	PUNCT
eistud-12807	238	3	e.	e.	PROPN
eistud-12807	238	4	(	(	PUNCT
eistud-12807	238	5	2002	2002	NUM
eistud-12807	238	6	)	)	PUNCT
eistud-12807	238	7	.	.	PUNCT
eistud-12807	239	1	on	on	ADP
eistud-12807	239	2	a	a	DET
eistud-12807	239	3	common	common	ADJ
eistud-12807	239	4	currency	currency	NOUN
eistud-12807	239	5	for	for	ADP
eistud-12807	239	6	the	the	DET
eistud-12807	239	7	gcc	gcc	NOUN
eistud-12807	239	8	countries	country	NOUN
eistud-12807	239	9	.	.	PUNCT
eistud-12807	240	1	imf	imf	PROPN
eistud-12807	240	2	policy	policy	NOUN
eistud-12807	240	3	discussion	discussion	NOUN
eistud-12807	240	4	paper	paper	NOUN
eistud-12807	240	5	no	no	INTJ
eistud-12807	240	6	.	.	PUNCT
eistud-12807	241	1	02/12	02/12	NUM
eistud-12807	241	2	,	,	PUNCT
eistud-12807	241	3	washington	washington	PROPN
eistud-12807	241	4	:	:	PUNCT
eistud-12807	241	5	international	international	ADJ
eistud-12807	241	6	monetary	monetary	ADJ
eistud-12807	241	7	fund	fund	PROPN
eistud-12807	241	8	.	.	PUNCT
eistud-12807	242	1	kashyap	kashyap	PROPN
eistud-12807	242	2	,	,	PUNCT
eistud-12807	242	3	a.	a.	PROPN
eistud-12807	242	4	k.	k.	PROPN
eistud-12807	242	5	&	&	CCONJ
eistud-12807	242	6	stein	stein	PROPN
eistud-12807	242	7	j.	j.	PROPN
eistud-12807	242	8	c.	c.	PROPN
eistud-12807	242	9	(	(	PUNCT
eistud-12807	242	10	2000	2000	NUM
eistud-12807	242	11	)	)	PUNCT
eistud-12807	242	12	.	.	PUNCT
eistud-12807	243	1	what	what	PRON
eistud-12807	243	2	do	do	AUX
eistud-12807	243	3	a	a	DET
eistud-12807	243	4	million	million	NUM
eistud-12807	243	5	observations	observation	NOUN
eistud-12807	243	6	on	on	ADP
eistud-12807	243	7	banks	bank	NOUN
eistud-12807	243	8	say	say	VERB
eistud-12807	243	9	about	about	ADP
eistud-12807	243	10	the	the	DET
eistud-12807	243	11	transmission	transmission	NOUN
eistud-12807	243	12	of	of	ADP
eistud-12807	243	13	monetary	monetary	ADJ
eistud-12807	243	14	policy	policy	NOUN
eistud-12807	243	15	?	?	PUNCT
eistud-12807	243	16	.	.	PUNCT
eistud-12807	244	1	the	the	DET
eistud-12807	244	2	american	american	PROPN
eistud-12807	244	3	economic	economic	PROPN
eistud-12807	244	4	review	review	PROPN
eistud-12807	244	5	,	,	PUNCT
eistud-12807	244	6	90(3	90(3	NOUN
eistud-12807	244	7	)	)	PUNCT
eistud-12807	244	8	,	,	PUNCT
eistud-12807	244	9	407	407	NUM
eistud-12807	244	10	-	-	SYM
eistud-12807	244	11	428	428	NUM
eistud-12807	244	12	.	.	PUNCT
eistud-12807	245	1	http://dx.doi.org/10.1257/	http://dx.doi.org/10.1257/	ADJ
eistud-12807	245	2	aer.90.3.407	aer.90.3.407	NOUN
eistud-12807	245	3	mishkin	mishkin	PROPN
eistud-12807	245	4	,	,	PUNCT
eistud-12807	245	5	f.	f.	PROPN
eistud-12807	245	6	s.	s.	PROPN
eistud-12807	245	7	(	(	PUNCT
eistud-12807	245	8	2008	2008	NUM
eistud-12807	245	9	)	)	PUNCT
eistud-12807	245	10	.	.	PUNCT
eistud-12807	246	1	globalization	globalization	NOUN
eistud-12807	246	2	,	,	PUNCT
eistud-12807	246	3	macroeconomic	macroeconomic	ADJ
eistud-12807	246	4	performance	performance	NOUN
eistud-12807	246	5	,	,	PUNCT
eistud-12807	246	6	and	and	CCONJ
eistud-12807	246	7	monetary	monetary	ADJ
eistud-12807	246	8	policy	policy	NOUN
eistud-12807	246	9	.	.	PUNCT
eistud-12807	247	1	nber	nber	PROPN
eistud-12807	247	2	working	working	PROPN
eistud-12807	247	3	paper	paper	PROPN
eistud-12807	247	4	no	no	INTJ
eistud-12807	247	5	.	.	PROPN
eistud-12807	248	1	13948	13948	NUM
eistud-12807	248	2	.	.	PUNCT
eistud-12807	249	1	mlodkowski	mlodkowski	NOUN
eistud-12807	249	2	p.	p.	NOUN
eistud-12807	249	3	(	(	PUNCT
eistud-12807	249	4	2007	2007	NUM
eistud-12807	249	5	)	)	PUNCT
eistud-12807	249	6	.	.	PUNCT
eistud-12807	250	1	non	non	ADJ
eistud-12807	250	2	-	-	ADJ
eistud-12807	250	3	european	european	ADJ
eistud-12807	250	4	monetary	monetary	ADJ
eistud-12807	250	5	unions	union	NOUN
eistud-12807	250	6	.	.	PUNCT
eistud-12807	251	1	history	history	NOUN
eistud-12807	251	2	and	and	CCONJ
eistud-12807	251	3	operations	operation	NOUN
eistud-12807	251	4	.	.	PUNCT
eistud-12807	252	1	wn	wn	PROPN
eistud-12807	252	2	pwn	pwn	PROPN
eistud-12807	252	3	,	,	PUNCT
eistud-12807	252	4	warsaw	warsaw	PROPN
eistud-12807	252	5	.	.	PUNCT
eistud-12807	252	6	mlodkowski	mlodkowski	PROPN
eistud-12807	252	7	,	,	PUNCT
eistud-12807	252	8	p.	p.	NOUN
eistud-12807	252	9	(	(	PUNCT
eistud-12807	252	10	2008	2008	NUM
eistud-12807	252	11	)	)	PUNCT
eistud-12807	252	12	.	.	PUNCT
eistud-12807	253	1	similarity	similarity	NOUN
eistud-12807	253	2	in	in	ADP
eistud-12807	253	3	economy	economy	NOUN
eistud-12807	253	4	-	-	PUNCT
eistud-12807	253	5	wide	wide	ADJ
eistud-12807	253	6	reaction	reaction	NOUN
eistud-12807	253	7	for	for	ADP
eistud-12807	253	8	monetary	monetary	ADJ
eistud-12807	253	9	policy	policy	NOUN
eistud-12807	253	10	as	as	ADP
eistud-12807	253	11	another	another	DET
eistud-12807	253	12	oca	oca	NOUN
eistud-12807	253	13	criterion	criterion	NOUN
eistud-12807	253	14	.	.	PUNCT
eistud-12807	254	1	monetary	monetary	ADJ
eistud-12807	254	2	policy	policy	NOUN
eistud-12807	254	3	and	and	CCONJ
eistud-12807	254	4	trade	trade	NOUN
eistud-12807	254	5	credit	credit	NOUN
eistud-12807	254	6	.	.	PUNCT
eistud-12807	255	1	banks	bank	NOUN
eistud-12807	255	2	and	and	CCONJ
eistud-12807	255	3	bank	bank	NOUN
eistud-12807	255	4	systems	system	NOUN
eistud-12807	255	5	,	,	PUNCT
eistud-12807	255	6	3(2	3(2	NUM
eistud-12807	255	7	)	)	PUNCT
eistud-12807	255	8	,	,	PUNCT
eistud-12807	255	9	5	5	NUM
eistud-12807	255	10	–	–	SYM
eistud-12807	255	11	13	13	NUM
eistud-12807	255	12	.	.	NOUN
eistud-12807	255	13	mlodkowski	mlodkowski	NOUN
eistud-12807	255	14	,	,	PUNCT
eistud-12807	255	15	p.	p.	NOUN
eistud-12807	255	16	(	(	PUNCT
eistud-12807	255	17	2009	2009	NUM
eistud-12807	255	18	)	)	PUNCT
eistud-12807	255	19	.	.	PUNCT
eistud-12807	256	1	cooling	cool	VERB
eistud-12807	256	2	down	down	ADP
eistud-12807	256	3	economy	economy	NOUN
eistud-12807	256	4	with	with	ADP
eistud-12807	256	5	fiscal	fiscal	ADJ
eistud-12807	256	6	policy	policy	NOUN
eistud-12807	256	7	in	in	ADP
eistud-12807	256	8	a	a	DET
eistud-12807	256	9	monetary	monetary	ADJ
eistud-12807	256	10	union	union	NOUN
eistud-12807	256	11	.	.	PUNCT
eistud-12807	257	1	the	the	DET
eistud-12807	257	2	soka	soka	ADJ
eistud-12807	257	3	economic	economic	ADJ
eistud-12807	257	4	studies	study	NOUN
eistud-12807	257	5	quartely	quartely	ADV
eistud-12807	257	6	,	,	PUNCT
eistud-12807	257	7	2009	2009	NUM
eistud-12807	257	8	,	,	PUNCT
eistud-12807	257	9	xxxix(1	xxxix(1	PROPN
eistud-12807	257	10	)	)	PUNCT
eistud-12807	257	11	,	,	PUNCT
eistud-12807	257	12	51	51	NUM
eistud-12807	257	13	–	–	SYM
eistud-12807	257	14	60	60	NUM
eistud-12807	257	15	.	.	PUNCT
eistud-12807	257	16	mlodkowski	mlodkowski	NOUN
eistud-12807	257	17	,	,	PUNCT
eistud-12807	257	18	p.	p.	NOUN
eistud-12807	257	19	(	(	PUNCT
eistud-12807	257	20	2010	2010	NUM
eistud-12807	257	21	)	)	PUNCT
eistud-12807	257	22	.	.	PUNCT
eistud-12807	258	1	a	a	DET
eistud-12807	258	2	new	new	ADJ
eistud-12807	258	3	theory	theory	NOUN
eistud-12807	258	4	of	of	ADP
eistud-12807	258	5	the	the	DET
eistud-12807	258	6	crowding	crowd	VERB
eistud-12807	258	7	–	–	PUNCT
eistud-12807	258	8	out	out	ADP
eistud-12807	258	9	effect	effect	NOUN
eistud-12807	258	10	in	in	ADP
eistud-12807	258	11	the	the	DET
eistud-12807	258	12	open	open	ADJ
eistud-12807	258	13	economy	economy	NOUN
eistud-12807	258	14	.	.	PUNCT
eistud-12807	259	1	the	the	DET
eistud-12807	259	2	shogaku	shogaku	PROPN
eistud-12807	259	3	ronso	ronso	PROPN
eistud-12807	259	4	,	,	PUNCT
eistud-12807	259	5	3(1	3(1	NUM
eistud-12807	259	6	)	)	PUNCT
eistud-12807	259	7	,	,	PUNCT
eistud-12807	259	8	21	21	NUM
eistud-12807	259	9	-	-	SYM
eistud-12807	259	10	40	40	NUM
eistud-12807	259	11	.	.	PUNCT
eistud-12807	259	12	mlodkowski	mlodkowski	NOUN
eistud-12807	259	13	,	,	PUNCT
eistud-12807	259	14	p.	p.	NOUN
eistud-12807	259	15	(	(	PUNCT
eistud-12807	259	16	2011	2011	NUM
eistud-12807	259	17	)	)	PUNCT
eistud-12807	259	18	.	.	PUNCT
eistud-12807	260	1	monetary	monetary	ADJ
eistud-12807	260	2	policy	policy	NOUN
eistud-12807	260	3	stance	stance	NOUN
eistud-12807	260	4	of	of	ADP
eistud-12807	260	5	the	the	DET
eistud-12807	260	6	emu	emu	PROPN
eistud-12807	260	7	countries	country	NOUN
eistud-12807	260	8	in	in	ADP
eistud-12807	260	9	the	the	DET
eistud-12807	260	10	pre	pre	NOUN
eistud-12807	260	11	-	-	ADJ
eistud-12807	260	12	integration	integration	NOUN
eistud-12807	260	13	period	period	NOUN
eistud-12807	260	14	.	.	PUNCT
eistud-12807	261	1	nierówności	nierówności	NOUN
eistud-12807	261	2	społeczne	społeczne	VERB
eistud-12807	261	3	a	a	DET
eistud-12807	261	4	wzrost	wzrost	ADJ
eistud-12807	261	5	gospodarczy	gospodarczy	NOUN
eistud-12807	261	6	,	,	PUNCT
eistud-12807	261	7	19	19	NUM
eistud-12807	261	8	,	,	PUNCT
eistud-12807	261	9	31	31	NUM
eistud-12807	261	10	–	–	SYM
eistud-12807	261	11	43	43	NUM
eistud-12807	261	12	.	.	PUNCT
eistud-12807	262	1	mlodkowski	mlodkowski	NOUN
eistud-12807	262	2	,	,	PUNCT
eistud-12807	262	3	p.	p.	PROPN
eistud-12807	262	4	&	&	CCONJ
eistud-12807	262	5	bywaters	bywaters	PROPN
eistud-12807	262	6	d.	d.	PROPN
eistud-12807	262	7	(	(	PUNCT
eistud-12807	262	8	2012	2012	NUM
eistud-12807	262	9	)	)	PUNCT
eistud-12807	262	10	.	.	PUNCT
eistud-12807	263	1	the	the	DET
eistud-12807	263	2	role	role	NOUN
eistud-12807	263	3	of	of	ADP
eistud-12807	263	4	transactions	transaction	NOUN
eistud-12807	263	5	costs	cost	NOUN
eistud-12807	263	6	in	in	ADP
eistud-12807	263	7	economic	economic	ADJ
eistud-12807	263	8	growth	growth	NOUN
eistud-12807	263	9	.	.	PUNCT
eistud-12807	264	1	international	international	PROPN
eistud-12807	264	2	japan	japan	PROPN
eistud-12807	264	3	economic	economic	ADJ
eistud-12807	264	4	policy	policy	NOUN
eistud-12807	264	5	studies	study	NOUN
eistud-12807	264	6	,	,	PUNCT
eistud-12807	264	7	7	7	NUM
eistud-12807	264	8	,	,	PUNCT
eistud-12807	264	9	53	53	NUM
eistud-12807	264	10	–	–	PUNCT
eistud-12807	264	11	66	66	NUM
eistud-12807	264	12	.	.	PUNCT
eistud-12807	264	13	mlodkowski	mlodkowski	NOUN
eistud-12807	264	14	,	,	PUNCT
eistud-12807	264	15	p.	p.	NOUN
eistud-12807	264	16	(	(	PUNCT
eistud-12807	264	17	2013	2013	NUM
eistud-12807	264	18	)	)	PUNCT
eistud-12807	264	19	.	.	PUNCT
eistud-12807	265	1	european	european	ADJ
eistud-12807	265	2	integration	integration	NOUN
eistud-12807	265	3	,	,	PUNCT
eistud-12807	265	4	transactions	transaction	NOUN
eistud-12807	265	5	costs	cost	NOUN
eistud-12807	265	6	and	and	CCONJ
eistud-12807	265	7	the	the	DET
eistud-12807	265	8	efficiency	efficiency	NOUN
eistud-12807	265	9	of	of	ADP
eistud-12807	265	10	economeuropean	economeuropean	ADJ
eistud-12807	265	11	integrat	integrat	NOUN
eistud-12807	265	12	ion	ion	NOUN
eistud-12807	265	13	studies	study	NOUN
eistud-12807	265	14	2015/9	2015/9	NUM
eistud-12807	265	15	206	206	NUM
eistud-12807	265	16	ic	ic	PROPN
eistud-12807	265	17	processes	process	NOUN
eistud-12807	265	18	.	.	PUNCT
eistud-12807	266	1	european	european	ADJ
eistud-12807	266	2	integration	integration	NOUN
eistud-12807	266	3	studies	study	NOUN
eistud-12807	266	4	:	:	PUNCT
eistud-12807	266	5	research	research	NOUN
eistud-12807	266	6	and	and	CCONJ
eistud-12807	266	7	topicalities	topicality	NOUN
eistud-12807	266	8	,	,	PUNCT
eistud-12807	266	9	7	7	NUM
eistud-12807	266	10	,	,	PUNCT
eistud-12807	266	11	102	102	NUM
eistud-12807	266	12	-	-	SYM
eistud-12807	266	13	109	109	NUM
eistud-12807	266	14	.	.	PUNCT
eistud-12807	266	15	http://dx.doi	http://dx.doi	NOUN
eistud-12807	266	16	.	.	PUNCT
eistud-12807	267	1	org/10.5755	org/10.5755	VERB
eistud-12807	267	2	/	/	SYM
eistud-12807	267	3	j01.eis.0.7.4080	j01.eis.0.7.4080	PROPN
eistud-12807	267	4	ng	ng	PROPN
eistud-12807	267	5	,	,	PUNCT
eistud-12807	267	6	ch	ch	PROPN
eistud-12807	267	7	.	.	PUNCT
eistud-12807	267	8	k.	k.	PROPN
eistud-12807	267	9	,	,	PUNCT
eistud-12807	267	10	smith	smith	PROPN
eistud-12807	267	11	,	,	PUNCT
eistud-12807	267	12	j.	j.	PROPN
eistud-12807	267	13	k.	k.	PROPN
eistud-12807	267	14	,	,	PUNCT
eistud-12807	267	15	&	&	CCONJ
eistud-12807	267	16	smith	smith	PROPN
eistud-12807	267	17	,	,	PUNCT
eistud-12807	267	18	r.	r.	PROPN
eistud-12807	267	19	l.	l.	PROPN
eistud-12807	267	20	(	(	PUNCT
eistud-12807	267	21	1999	1999	NUM
eistud-12807	267	22	)	)	PUNCT
eistud-12807	267	23	.	.	PUNCT
eistud-12807	268	1	evidence	evidence	NOUN
eistud-12807	268	2	on	on	ADP
eistud-12807	268	3	the	the	DET
eistud-12807	268	4	determinants	determinant	NOUN
eistud-12807	268	5	of	of	ADP
eistud-12807	268	6	credit	credit	NOUN
eistud-12807	268	7	terms	term	NOUN
eistud-12807	268	8	used	use	VERB
eistud-12807	268	9	in	in	ADP
eistud-12807	268	10	interfirm	interfirm	PROPN
eistud-12807	268	11	trade	trade	NOUN
eistud-12807	268	12	.	.	PUNCT
eistud-12807	269	1	the	the	DET
eistud-12807	269	2	journal	journal	PROPN
eistud-12807	269	3	of	of	ADP
eistud-12807	269	4	finance	finance	NOUN
eistud-12807	269	5	,	,	PUNCT
eistud-12807	269	6	54(3	54(3	NUM
eistud-12807	269	7	)	)	PUNCT
eistud-12807	269	8	,	,	PUNCT
eistud-12807	269	9	11091129	11091129	NUM
eistud-12807	269	10	.	.	PUNCT
eistud-12807	270	1	http://dx.doi.org/10.1111/0022-1082.00138	http://dx.doi.org/10.1111/0022-1082.00138	PROPN
eistud-12807	270	2	nilsen	nilsen	PROPN
eistud-12807	270	3	,	,	PUNCT
eistud-12807	270	4	j.	j.	PROPN
eistud-12807	270	5	h.	h.	PROPN
eistud-12807	270	6	(	(	PUNCT
eistud-12807	270	7	2002	2002	NUM
eistud-12807	270	8	)	)	PUNCT
eistud-12807	270	9	.	.	PUNCT
eistud-12807	271	1	trade	trade	NOUN
eistud-12807	271	2	credit	credit	NOUN
eistud-12807	271	3	and	and	CCONJ
eistud-12807	271	4	the	the	DET
eistud-12807	271	5	bank	bank	NOUN
eistud-12807	271	6	lending	lending	NOUN
eistud-12807	271	7	channel	channel	PROPN
eistud-12807	271	8	.	.	PUNCT
eistud-12807	272	1	journal	journal	PROPN
eistud-12807	272	2	of	of	ADP
eistud-12807	272	3	money	money	NOUN
eistud-12807	272	4	,	,	PUNCT
eistud-12807	272	5	credit	credit	NOUN
eistud-12807	272	6	and	and	CCONJ
eistud-12807	272	7	banking	banking	NOUN
eistud-12807	272	8	,	,	PUNCT
eistud-12807	272	9	34(1	34(1	NUM
eistud-12807	272	10	)	)	PUNCT
eistud-12807	272	11	,	,	PUNCT
eistud-12807	272	12	226	226	NUM
eistud-12807	272	13	-	-	SYM
eistud-12807	272	14	253	253	NUM
eistud-12807	272	15	.	.	PUNCT
eistud-12807	273	1	http://dx.doi.org/10.1353/	http://dx.doi.org/10.1353/	PROPN
eistud-12807	273	2	mcb.2002.0032	mcb.2002.0032	NUM
eistud-12807	273	3	revenkar	revenkar	NOUN
eistud-12807	273	4	,	,	PUNCT
eistud-12807	273	5	n.	n.	PROPN
eistud-12807	273	6	s.	s.	PROPN
eistud-12807	273	7	&	&	CCONJ
eistud-12807	273	8	yoshino	yoshino	PROPN
eistud-12807	273	9	,	,	PUNCT
eistud-12807	273	10	n.	n.	NOUN
eistud-12807	273	11	(	(	PUNCT
eistud-12807	273	12	1990	1990	NUM
eistud-12807	273	13	)	)	PUNCT
eistud-12807	273	14	.	.	PUNCT
eistud-12807	274	1	an	an	DET
eistud-12807	274	2	‘	'	PUNCT
eistud-12807	274	3	expanded	expand	VERB
eistud-12807	274	4	equation	equation	NOUN
eistud-12807	274	5	’	'	PUNCT
eistud-12807	274	6	to	to	ADP
eistud-12807	274	7	weak	weak	ADJ
eistud-12807	274	8	-	-	PUNCT
eistud-12807	274	9	exogeneity	exogeneity	NOUN
eistud-12807	274	10	tests	test	NOUN
eistud-12807	274	11	in	in	ADP
eistud-12807	274	12	structural	structural	ADJ
eistud-12807	274	13	systems	system	NOUN
eistud-12807	274	14	and	and	CCONJ
eistud-12807	274	15	a	a	DET
eistud-12807	274	16	monetary	monetary	ADJ
eistud-12807	274	17	application	application	NOUN
eistud-12807	274	18	.	.	PUNCT
eistud-12807	275	1	the	the	DET
eistud-12807	275	2	review	review	NOUN
eistud-12807	275	3	of	of	ADP
eistud-12807	275	4	economics	economic	NOUN
eistud-12807	275	5	and	and	CCONJ
eistud-12807	275	6	statistics	statistic	NOUN
eistud-12807	275	7	,	,	PUNCT
eistud-12807	275	8	72(1	72(1	NOUN
eistud-12807	275	9	)	)	PUNCT
eistud-12807	275	10	,	,	PUNCT
eistud-12807	275	11	173	173	NUM
eistud-12807	275	12	-	-	SYM
eistud-12807	275	13	177	177	NUM
eistud-12807	275	14	.	.	PUNCT
eistud-12807	276	1	http://	http://	PROPN
eistud-12807	276	2	dx.doi.org/10.2307/2109757	dx.doi.org/10.2307/2109757	NOUN
eistud-12807	276	3	reynard	reynard	PROPN
eistud-12807	276	4	,	,	PUNCT
eistud-12807	276	5	s.	s.	PROPN
eistud-12807	276	6	(	(	PUNCT
eistud-12807	276	7	2007	2007	NUM
eistud-12807	276	8	)	)	PUNCT
eistud-12807	276	9	.	.	PUNCT
eistud-12807	277	1	maintaining	maintain	VERB
eistud-12807	277	2	low	low	ADJ
eistud-12807	277	3	inflation	inflation	NOUN
eistud-12807	277	4	:	:	PUNCT
eistud-12807	277	5	money	money	NOUN
eistud-12807	277	6	,	,	PUNCT
eistud-12807	277	7	interest	interest	NOUN
eistud-12807	277	8	rates	rate	NOUN
eistud-12807	277	9	,	,	PUNCT
eistud-12807	277	10	and	and	CCONJ
eistud-12807	277	11	policy	policy	NOUN
eistud-12807	277	12	stance	stance	NOUN
eistud-12807	277	13	.	.	PUNCT
eistud-12807	278	1	journal	journal	NOUN
eistud-12807	278	2	of	of	ADP
eistud-12807	278	3	monetary	monetary	ADJ
eistud-12807	278	4	economics	economic	NOUN
eistud-12807	278	5	,	,	PUNCT
eistud-12807	278	6	vol	vol	NOUN
eistud-12807	278	7	.	.	PUNCT
eistud-12807	279	1	54(5	54(5	NUM
eistud-12807	279	2	)	)	PUNCT
eistud-12807	279	3	,	,	PUNCT
eistud-12807	279	4	1441	1441	NUM
eistud-12807	279	5	-	-	SYM
eistud-12807	279	6	1471	1471	NUM
eistud-12807	279	7	.	.	PUNCT
eistud-12807	280	1	http://	http://	PROPN
eistud-12807	280	2	dx.doi.org/10.1016/j.jmoneco.2007.06.018	dx.doi.org/10.1016/j.jmoneco.2007.06.018	PROPN
eistud-12807	280	3	romer	romer	NOUN
eistud-12807	280	4	,	,	PUNCT
eistud-12807	280	5	ch	ch	PROPN
eistud-12807	280	6	.	.	PROPN
eistud-12807	280	7	d.	d.	PROPN
eistud-12807	280	8	&	&	CCONJ
eistud-12807	280	9	romer	romer	PROPN
eistud-12807	280	10	,	,	PUNCT
eistud-12807	280	11	d.	d.	PROPN
eistud-12807	280	12	h.	h.	PROPN
eistud-12807	280	13	(	(	PUNCT
eistud-12807	280	14	1989	1989	NUM
eistud-12807	280	15	)	)	PUNCT
eistud-12807	280	16	.	.	PUNCT
eistud-12807	281	1	does	do	VERB
eistud-12807	281	2	monetary	monetary	ADJ
eistud-12807	281	3	policy	policy	NOUN
eistud-12807	281	4	matter	matter	NOUN
eistud-12807	281	5	?	?	PUNCT
eistud-12807	282	1	a	a	DET
eistud-12807	282	2	new	new	ADJ
eistud-12807	282	3	test	test	NOUN
eistud-12807	282	4	in	in	ADP
eistud-12807	282	5	the	the	DET
eistud-12807	282	6	spirit	spirit	NOUN
eistud-12807	282	7	of	of	ADP
eistud-12807	282	8	friedman	friedman	PROPN
eistud-12807	282	9	and	and	CCONJ
eistud-12807	282	10	schwartz	schwartz	PROPN
eistud-12807	282	11	.	.	PUNCT
eistud-12807	283	1	in	in	ADP
eistud-12807	283	2	o.	o.	PROPN
eistud-12807	283	3	j.	j.	PROPN
eistud-12807	283	4	blanchard	blanchard	PROPN
eistud-12807	283	5	and	and	CCONJ
eistud-12807	283	6	s.	s.	PROPN
eistud-12807	283	7	fischer	fischer	PROPN
eistud-12807	283	8	,	,	PUNCT
eistud-12807	283	9	(	(	PUNCT
eistud-12807	283	10	ed	ed	NOUN
eistud-12807	283	11	.	.	PUNCT
eistud-12807	283	12	)	)	PUNCT
eistud-12807	283	13	.	.	PUNCT
eistud-12807	284	1	nber	nber	PROPN
eistud-12807	284	2	macroeconomics	macroeconomics	PROPN
eistud-12807	284	3	annual	annual	ADJ
eistud-12807	284	4	1989	1989	NUM
eistud-12807	284	5	(	(	PUNCT
eistud-12807	284	6	pp	pp	ADJ
eistud-12807	284	7	.	.	PUNCT
eistud-12807	285	1	121	121	NUM
eistud-12807	285	2	-	-	SYM
eistud-12807	285	3	170	170	NUM
eistud-12807	285	4	)	)	PUNCT
eistud-12807	285	5	.	.	PUNCT
eistud-12807	286	1	cambridge	cambridge	PROPN
eistud-12807	286	2	,	,	PUNCT
eistud-12807	286	3	ma	ma	PROPN
eistud-12807	286	4	:	:	PUNCT
eistud-12807	286	5	mit	mit	PROPN
eistud-12807	286	6	press	press	NOUN
eistud-12807	286	7	.	.	PUNCT
eistud-12807	287	1	http://	http://	PROPN
eistud-12807	287	2	dx.doi.org/10.3386/w2966	dx.doi.org/10.3386/w2966	PROPN
eistud-12807	287	3	thornton	thornton	PROPN
eistud-12807	287	4	,	,	PUNCT
eistud-12807	287	5	h.	h.	PROPN
eistud-12807	287	6	(	(	PUNCT
eistud-12807	287	7	1802	1802	NUM
eistud-12807	287	8	)	)	PUNCT
eistud-12807	287	9	.	.	PUNCT
eistud-12807	288	1	an	an	DET
eistud-12807	288	2	enquiry	enquiry	NOUN
eistud-12807	288	3	into	into	ADP
eistud-12807	288	4	the	the	DET
eistud-12807	288	5	nature	nature	NOUN
eistud-12807	288	6	and	and	CCONJ
eistud-12807	288	7	effects	effect	NOUN
eistud-12807	288	8	of	of	ADP
eistud-12807	288	9	the	the	DET
eistud-12807	288	10	paper	paper	NOUN
eistud-12807	288	11	credit	credit	NOUN
eistud-12807	288	12	of	of	ADP
eistud-12807	288	13	great	great	ADJ
eistud-12807	288	14	britain	britain	PROPN
eistud-12807	288	15	.	.	PUNCT
eistud-12807	289	1	ugai	ugai	PROPN
eistud-12807	289	2	,	,	PUNCT
eistud-12807	289	3	h.	h.	PROPN
eistud-12807	289	4	(	(	PUNCT
eistud-12807	289	5	2007	2007	NUM
eistud-12807	289	6	)	)	PUNCT
eistud-12807	289	7	.	.	PUNCT
eistud-12807	290	1	effects	effect	NOUN
eistud-12807	290	2	of	of	ADP
eistud-12807	290	3	the	the	DET
eistud-12807	290	4	quantitative	quantitative	ADJ
eistud-12807	290	5	easing	ease	VERB
eistud-12807	290	6	policy	policy	NOUN
eistud-12807	290	7	:	:	PUNCT
eistud-12807	290	8	a	a	DET
eistud-12807	290	9	survey	survey	NOUN
eistud-12807	290	10	of	of	ADP
eistud-12807	290	11	empirical	empirical	ADJ
eistud-12807	290	12	analyses	analysis	NOUN
eistud-12807	290	13	.	.	PUNCT
eistud-12807	291	1	monetary	monetary	ADJ
eistud-12807	291	2	and	and	CCONJ
eistud-12807	291	3	economic	economic	ADJ
eistud-12807	291	4	studies	study	NOUN
eistud-12807	291	5	,	,	PUNCT
eistud-12807	291	6	25(1	25(1	NUM
eistud-12807	291	7	)	)	PUNCT
eistud-12807	291	8	,	,	PUNCT
eistud-12807	291	9	1	1	NUM
eistud-12807	291	10	–	–	PUNCT
eistud-12807	291	11	48	48	NUM
eistud-12807	291	12	.	.	PUNCT
eistud-12807	292	1	pawel	pawel	PROPN
eistud-12807	292	2	mlodkowski	mlodkowski	PROPN
eistud-12807	292	3	ph.d	ph.d	PROPN
eistud-12807	292	4	.	.	PUNCT
eistud-12807	293	1	in	in	ADP
eistud-12807	293	2	economics	economic	NOUN
eistud-12807	293	3	faculty	faculty	NOUN
eistud-12807	293	4	of	of	ADP
eistud-12807	293	5	business	business	NOUN
eistud-12807	293	6	,	,	PUNCT
eistud-12807	293	7	sohar	sohar	PROPN
eistud-12807	293	8	university	university	PROPN
eistud-12807	293	9	address	address	NOUN
eistud-12807	293	10	p.o	p.o	PROPN
eistud-12807	293	11	box	box	PROPN
eistud-12807	293	12	44	44	NUM
eistud-12807	293	13	,	,	PUNCT
eistud-12807	293	14	al	al	PROPN
eistud-12807	293	15	jameah	jameah	PROPN
eistud-12807	293	16	street	street	PROPN
eistud-12807	293	17	,	,	PUNCT
eistud-12807	293	18	sohar	sohar	PROPN
eistud-12807	293	19	311	311	NUM
eistud-12807	293	20	,	,	PUNCT
eistud-12807	293	21	oman	oman	NOUN
eistud-12807	293	22	e	e	NOUN
eistud-12807	293	23	-	-	NOUN
eistud-12807	293	24	mail	mail	NOUN
eistud-12807	293	25	:	:	PUNCT
eistud-12807	293	26	pmlodkowski@soharuni.edu.om	pmlodkowski@soharuni.edu.om	NOUN
eistud-12807	293	27	about	about	ADP
eistud-12807	293	28	the	the	DET
eistud-12807	293	29	author	author	NOUN