id	sid	tid	token	lemma	pos
ejge-4284	1	1	european	european	PROPN
ejge-4284	1	2	journal	journal	PROPN
ejge-4284	1	3	of	of	ADP
ejge-4284	1	4	government	government	NOUN
ejge-4284	1	5	and	and	CCONJ
ejge-4284	1	6	economics	economic	NOUN
ejge-4284	1	7	volume	volume	NOUN
ejge-4284	1	8	2	2	NUM
ejge-4284	1	9	,	,	PUNCT
ejge-4284	1	10	number	number	NOUN
ejge-4284	1	11	1	1	NUM
ejge-4284	1	12	(	(	PUNCT
ejge-4284	1	13	june	june	PROPN
ejge-4284	1	14	2013	2013	NUM
ejge-4284	1	15	)	)	PUNCT
ejge-4284	1	16	issn	issn	PROPN
ejge-4284	1	17	:	:	PUNCT
ejge-4284	1	18	2254	2254	NUM
ejge-4284	1	19	-	-	SYM
ejge-4284	1	20	7088	7088	NUM
ejge-4284	1	21	5	5	NUM
ejge-4284	1	22	how	how	SCONJ
ejge-4284	1	23	long	long	ADV
ejge-4284	1	24	can	can	AUX
ejge-4284	1	25	austerity	austerity	NOUN
ejge-4284	1	26	persist	persist	VERB
ejge-4284	1	27	?	?	PUNCT
ejge-4284	2	1	the	the	DET
ejge-4284	2	2	factors	factor	NOUN
ejge-4284	2	3	that	that	PRON
ejge-4284	2	4	sustain	sustain	VERB
ejge-4284	2	5	fiscal	fiscal	ADJ
ejge-4284	2	6	consolidations	consolidation	NOUN
ejge-4284	2	7	david	david	PROPN
ejge-4284	2	8	lodge	lodge	PROPN
ejge-4284	2	9	,	,	PUNCT
ejge-4284	2	10	european	european	PROPN
ejge-4284	2	11	central	central	PROPN
ejge-4284	2	12	bank	bank	PROPN
ejge-4284	2	13	,	,	PUNCT
ejge-4284	2	14	germany	germany	PROPN
ejge-4284	2	15	marta	marta	PROPN
ejge-4284	2	16	rodríguez	rodríguez	PROPN
ejge-4284	2	17	-	-	PUNCT
ejge-4284	2	18	vives	vive	NOUN
ejge-4284	2	19	,	,	PUNCT
ejge-4284	2	20	european	european	PROPN
ejge-4284	2	21	central	central	PROPN
ejge-4284	2	22	bank	bank	PROPN
ejge-4284	2	23	,	,	PUNCT
ejge-4284	2	24	germany	germany	PROPN
ejge-4284	2	25	abstract	abstract	ADJ
ejge-4284	2	26	to	to	PART
ejge-4284	2	27	put	put	VERB
ejge-4284	2	28	public	public	ADJ
ejge-4284	2	29	debt	debt	NOUN
ejge-4284	2	30	on	on	ADP
ejge-4284	2	31	a	a	DET
ejge-4284	2	32	sustainable	sustainable	ADJ
ejge-4284	2	33	path	path	NOUN
ejge-4284	2	34	,	,	PUNCT
ejge-4284	2	35	many	many	ADJ
ejge-4284	2	36	governments	government	NOUN
ejge-4284	2	37	face	face	VERB
ejge-4284	2	38	the	the	DET
ejge-4284	2	39	task	task	NOUN
ejge-4284	2	40	of	of	ADP
ejge-4284	2	41	enacting	enact	VERB
ejge-4284	2	42	large	large	ADJ
ejge-4284	2	43	fiscal	fiscal	ADJ
ejge-4284	2	44	consolidation	consolidation	NOUN
ejge-4284	2	45	followed	follow	VERB
ejge-4284	2	46	by	by	ADP
ejge-4284	2	47	years	year	NOUN
ejge-4284	2	48	of	of	ADP
ejge-4284	2	49	sustained	sustained	ADJ
ejge-4284	2	50	primary	primary	ADJ
ejge-4284	2	51	surpluses	surplus	NOUN
ejge-4284	2	52	.	.	PUNCT
ejge-4284	3	1	by	by	ADP
ejge-4284	3	2	estimating	estimate	VERB
ejge-4284	3	3	hazard	hazard	NOUN
ejge-4284	3	4	functions	function	NOUN
ejge-4284	3	5	for	for	ADP
ejge-4284	3	6	the	the	DET
ejge-4284	3	7	duration	duration	NOUN
ejge-4284	3	8	of	of	ADP
ejge-4284	3	9	consolidations	consolidation	NOUN
ejge-4284	3	10	,	,	PUNCT
ejge-4284	3	11	we	we	PRON
ejge-4284	3	12	analyse	analyse	VERB
ejge-4284	3	13	the	the	DET
ejge-4284	3	14	features	feature	NOUN
ejge-4284	3	15	of	of	ADP
ejge-4284	3	16	past	past	ADJ
ejge-4284	3	17	consolidation	consolidation	NOUN
ejge-4284	3	18	efforts	effort	NOUN
ejge-4284	3	19	across	across	ADP
ejge-4284	3	20	a	a	DET
ejge-4284	3	21	panel	panel	NOUN
ejge-4284	3	22	of	of	ADP
ejge-4284	3	23	advanced	advanced	ADJ
ejge-4284	3	24	economies	economy	NOUN
ejge-4284	3	25	.	.	PUNCT
ejge-4284	4	1	our	our	PRON
ejge-4284	4	2	contribution	contribution	NOUN
ejge-4284	4	3	is	be	AUX
ejge-4284	4	4	to	to	PART
ejge-4284	4	5	identify	identify	VERB
ejge-4284	4	6	the	the	DET
ejge-4284	4	7	factors	factor	NOUN
ejge-4284	4	8	that	that	PRON
ejge-4284	4	9	help	help	VERB
ejge-4284	4	10	to	to	PART
ejge-4284	4	11	start	start	VERB
ejge-4284	4	12	and	and	CCONJ
ejge-4284	4	13	sustain	sustain	VERB
ejge-4284	4	14	consolidations	consolidation	NOUN
ejge-4284	4	15	,	,	PUNCT
ejge-4284	4	16	separately	separately	ADV
ejge-4284	4	17	discussing	discuss	VERB
ejge-4284	4	18	governments	government	NOUN
ejge-4284	4	19	’	'	PUNCT
ejge-4284	4	20	“	"	PUNCT
ejge-4284	4	21	commitment	commitment	NOUN
ejge-4284	4	22	”	"	PUNCT
ejge-4284	4	23	to	to	ADP
ejge-4284	4	24	the	the	DET
ejge-4284	4	25	cause	cause	NOUN
ejge-4284	4	26	as	as	ADV
ejge-4284	4	27	well	well	ADV
ejge-4284	4	28	as	as	ADP
ejge-4284	4	29	their	their	PRON
ejge-4284	4	30	“	"	PUNCT
ejge-4284	4	31	capacity	capacity	NOUN
ejge-4284	4	32	”	"	PUNCT
ejge-4284	4	33	for	for	ADP
ejge-4284	4	34	action	action	NOUN
ejge-4284	4	35	.	.	PUNCT
ejge-4284	5	1	our	our	PRON
ejge-4284	5	2	analysis	analysis	NOUN
ejge-4284	5	3	suggests	suggest	VERB
ejge-4284	5	4	that	that	SCONJ
ejge-4284	5	5	longer	long	ADJ
ejge-4284	5	6	consolidations	consolidation	NOUN
ejge-4284	5	7	are	be	AUX
ejge-4284	5	8	initiated	initiate	VERB
ejge-4284	5	9	when	when	SCONJ
ejge-4284	5	10	public	public	ADJ
ejge-4284	5	11	debt	debt	NOUN
ejge-4284	5	12	is	be	AUX
ejge-4284	5	13	high	high	ADJ
ejge-4284	5	14	,	,	PUNCT
ejge-4284	5	15	fiscal	fiscal	ADJ
ejge-4284	5	16	deficits	deficit	NOUN
ejge-4284	5	17	are	be	AUX
ejge-4284	5	18	large	large	ADJ
ejge-4284	5	19	,	,	PUNCT
ejge-4284	5	20	the	the	DET
ejge-4284	5	21	interest	interest	NOUN
ejge-4284	5	22	burden	burden	NOUN
ejge-4284	5	23	heavy	heavy	ADJ
ejge-4284	5	24	and	and	CCONJ
ejge-4284	5	25	long	long	ADJ
ejge-4284	5	26	-	-	PUNCT
ejge-4284	5	27	term	term	NOUN
ejge-4284	5	28	sovereign	sovereign	ADJ
ejge-4284	5	29	bond	bond	NOUN
ejge-4284	5	30	yields	yield	NOUN
ejge-4284	5	31	elevated	elevate	VERB
ejge-4284	5	32	.	.	PUNCT
ejge-4284	6	1	however	however	ADV
ejge-4284	6	2	,	,	PUNCT
ejge-4284	6	3	we	we	PRON
ejge-4284	6	4	also	also	ADV
ejge-4284	6	5	find	find	VERB
ejge-4284	6	6	that	that	SCONJ
ejge-4284	6	7	a	a	DET
ejge-4284	6	8	countries	country	NOUN
ejge-4284	6	9	’	'	PUNCT
ejge-4284	6	10	“	"	PUNCT
ejge-4284	6	11	capacity	capacity	NOUN
ejge-4284	6	12	”	"	PUNCT
ejge-4284	6	13	to	to	PART
ejge-4284	6	14	change	change	VERB
ejge-4284	6	15	course	course	NOUN
ejge-4284	6	16	is	be	AUX
ejge-4284	6	17	important	important	ADJ
ejge-4284	6	18	.	.	PUNCT
ejge-4284	7	1	higher	high	ADJ
ejge-4284	7	2	initial	initial	ADJ
ejge-4284	7	3	private	private	ADJ
ejge-4284	7	4	sector	sector	NOUN
ejge-4284	7	5	savings	saving	NOUN
ejge-4284	7	6	,	,	PUNCT
ejge-4284	7	7	a	a	DET
ejge-4284	7	8	stronger	strong	ADJ
ejge-4284	7	9	external	external	ADJ
ejge-4284	7	10	balance	balance	NOUN
ejge-4284	7	11	,	,	PUNCT
ejge-4284	7	12	a	a	DET
ejge-4284	7	13	competitive	competitive	ADJ
ejge-4284	7	14	position	position	NOUN
ejge-4284	7	15	and	and	CCONJ
ejge-4284	7	16	stable	stable	ADJ
ejge-4284	7	17	financial	financial	ADJ
ejge-4284	7	18	conditions	condition	NOUN
ejge-4284	7	19	appear	appear	VERB
ejge-4284	7	20	to	to	PART
ejge-4284	7	21	provide	provide	VERB
ejge-4284	7	22	more	more	ADJ
ejge-4284	7	23	scope	scope	NOUN
ejge-4284	7	24	for	for	SCONJ
ejge-4284	7	25	governments	government	NOUN
ejge-4284	7	26	to	to	PART
ejge-4284	7	27	sustain	sustain	VERB
ejge-4284	7	28	longer	long	ADV
ejge-4284	7	29	-	-	PUNCT
ejge-4284	7	30	lasting	last	VERB
ejge-4284	7	31	consolidations	consolidation	NOUN
ejge-4284	7	32	.	.	PUNCT
ejge-4284	8	1	once	once	SCONJ
ejge-4284	8	2	we	we	PRON
ejge-4284	8	3	have	have	AUX
ejge-4284	8	4	controlled	control	VERB
ejge-4284	8	5	for	for	ADP
ejge-4284	8	6	the	the	DET
ejge-4284	8	7	initial	initial	ADJ
ejge-4284	8	8	macroeconomic	macroeconomic	ADJ
ejge-4284	8	9	conditions	condition	NOUN
ejge-4284	8	10	,	,	PUNCT
ejge-4284	8	11	there	there	PRON
ejge-4284	8	12	is	be	VERB
ejge-4284	8	13	a	a	DET
ejge-4284	8	14	lesser	less	ADJ
ejge-4284	8	15	role	role	NOUN
ejge-4284	8	16	for	for	ADP
ejge-4284	8	17	governments	government	NOUN
ejge-4284	8	18	’	'	PUNCT
ejge-4284	8	19	commitment	commitment	NOUN
ejge-4284	8	20	as	as	SCONJ
ejge-4284	8	21	reflected	reflect	VERB
ejge-4284	8	22	in	in	ADP
ejge-4284	8	23	factors	factor	NOUN
ejge-4284	8	24	such	such	ADJ
ejge-4284	8	25	as	as	ADP
ejge-4284	8	26	the	the	DET
ejge-4284	8	27	composition	composition	NOUN
ejge-4284	8	28	and	and	CCONJ
ejge-4284	8	29	the	the	DET
ejge-4284	8	30	pace	pace	NOUN
ejge-4284	8	31	of	of	ADP
ejge-4284	8	32	the	the	DET
ejge-4284	8	33	fiscal	fiscal	ADJ
ejge-4284	8	34	adjustment	adjustment	NOUN
ejge-4284	8	35	or	or	CCONJ
ejge-4284	8	36	the	the	DET
ejge-4284	8	37	political	political	ADJ
ejge-4284	8	38	cycle	cycle	NOUN
ejge-4284	8	39	in	in	ADP
ejge-4284	8	40	explaining	explain	VERB
ejge-4284	8	41	the	the	DET
ejge-4284	8	42	duration	duration	NOUN
ejge-4284	8	43	of	of	ADP
ejge-4284	8	44	consolidation	consolidation	NOUN
ejge-4284	8	45	.	.	PUNCT
ejge-4284	9	1	however	however	ADV
ejge-4284	9	2	,	,	PUNCT
ejge-4284	9	3	commitment	commitment	NOUN
ejge-4284	9	4	to	to	ADP
ejge-4284	9	5	permanent	permanent	ADJ
ejge-4284	9	6	,	,	PUNCT
ejge-4284	9	7	rather	rather	ADV
ejge-4284	9	8	than	than	ADP
ejge-4284	9	9	temporary	temporary	ADJ
ejge-4284	9	10	,	,	PUNCT
ejge-4284	9	11	fiscal	fiscal	ADJ
ejge-4284	9	12	adjustment	adjustment	NOUN
ejge-4284	9	13	is	be	AUX
ejge-4284	9	14	key	key	ADJ
ejge-4284	9	15	.	.	PUNCT
ejge-4284	10	1	jel	jel	PROPN
ejge-4284	10	2	classification	classification	PROPN
ejge-4284	10	3	c23	c23	PROPN
ejge-4284	10	4	;	;	PUNCT
ejge-4284	10	5	e20	e20	NOUN
ejge-4284	10	6	;	;	PUNCT
ejge-4284	10	7	e62	e62	NOUN
ejge-4284	10	8	;	;	PUNCT
ejge-4284	10	9	h62	h62	NOUN
ejge-4284	10	10	keywords	keyword	VERB
ejge-4284	10	11	government	government	NOUN
ejge-4284	10	12	debt	debt	NOUN
ejge-4284	10	13	;	;	PUNCT
ejge-4284	10	14	government	government	NOUN
ejge-4284	10	15	deficit	deficit	NOUN
ejge-4284	10	16	;	;	PUNCT
ejge-4284	10	17	fiscal	fiscal	ADJ
ejge-4284	10	18	consolidation	consolidation	NOUN
ejge-4284	10	19	;	;	PUNCT
ejge-4284	10	20	panel	panel	NOUN
ejge-4284	10	21	data	datum	NOUN
ejge-4284	10	22	;	;	PUNCT
ejge-4284	10	23	survival	survival	NOUN
ejge-4284	10	24	function	function	NOUN
ejge-4284	10	25	acknowledgements	acknowledgement	NOUN
ejge-4284	10	26	the	the	DET
ejge-4284	10	27	opinions	opinion	NOUN
ejge-4284	10	28	expressed	express	VERB
ejge-4284	10	29	herein	herein	NOUN
ejge-4284	10	30	are	be	AUX
ejge-4284	10	31	those	those	PRON
ejge-4284	10	32	of	of	ADP
ejge-4284	10	33	the	the	DET
ejge-4284	10	34	authors	author	NOUN
ejge-4284	10	35	,	,	PUNCT
ejge-4284	10	36	and	and	CCONJ
ejge-4284	10	37	do	do	AUX
ejge-4284	10	38	not	not	PART
ejge-4284	10	39	necessarily	necessarily	ADV
ejge-4284	10	40	reflect	reflect	VERB
ejge-4284	10	41	the	the	DET
ejge-4284	10	42	views	view	NOUN
ejge-4284	10	43	of	of	ADP
ejge-4284	10	44	the	the	DET
ejge-4284	10	45	ecb	ecb	NOUN
ejge-4284	10	46	or	or	CCONJ
ejge-4284	10	47	the	the	DET
ejge-4284	10	48	eurosystem	eurosystem	NOUN
ejge-4284	10	49	.	.	PUNCT
ejge-4284	11	1	we	we	PRON
ejge-4284	11	2	thank	thank	VERB
ejge-4284	11	3	phillip	phillip	PROPN
ejge-4284	11	4	rother	rother	PROPN
ejge-4284	11	5	,	,	PUNCT
ejge-4284	11	6	ad	ad	NOUN
ejge-4284	11	7	van	van	PROPN
ejge-4284	11	8	riet	riet	PROPN
ejge-4284	11	9	,	,	PUNCT
ejge-4284	11	10	the	the	DET
ejge-4284	11	11	editor	editor	NOUN
ejge-4284	11	12	and	and	CCONJ
ejge-4284	11	13	two	two	NUM
ejge-4284	11	14	anonymous	anonymous	ADJ
ejge-4284	11	15	referees	referee	NOUN
ejge-4284	11	16	for	for	ADP
ejge-4284	11	17	their	their	PRON
ejge-4284	11	18	useful	useful	ADJ
ejge-4284	11	19	comments	comment	NOUN
ejge-4284	11	20	and	and	CCONJ
ejge-4284	11	21	suggestions	suggestion	NOUN
ejge-4284	11	22	.	.	PUNCT
ejge-4284	12	1	european	european	ADJ
ejge-4284	12	2	journal	journal	PROPN
ejge-4284	12	3	of	of	ADP
ejge-4284	12	4	government	government	NOUN
ejge-4284	12	5	and	and	CCONJ
ejge-4284	12	6	economics	economic	NOUN
ejge-4284	12	7	2(1	2(1	NUM
ejge-4284	12	8	)	)	PUNCT
ejge-4284	12	9	6	6	NUM
ejge-4284	12	10	introduction	introduction	NOUN
ejge-4284	12	11	one	one	NUM
ejge-4284	12	12	legacy	legacy	NOUN
ejge-4284	12	13	of	of	ADP
ejge-4284	12	14	the	the	DET
ejge-4284	12	15	recent	recent	ADJ
ejge-4284	12	16	financial	financial	ADJ
ejge-4284	12	17	and	and	CCONJ
ejge-4284	12	18	economic	economic	ADJ
ejge-4284	12	19	crisis	crisis	NOUN
ejge-4284	12	20	has	have	AUX
ejge-4284	12	21	been	be	AUX
ejge-4284	12	22	a	a	DET
ejge-4284	12	23	substantial	substantial	ADJ
ejge-4284	12	24	fiscal	fiscal	ADJ
ejge-4284	12	25	burden	burden	NOUN
ejge-4284	12	26	for	for	ADP
ejge-4284	12	27	most	most	ADJ
ejge-4284	12	28	developed	develop	VERB
ejge-4284	12	29	countries	country	NOUN
ejge-4284	12	30	.	.	PUNCT
ejge-4284	13	1	heavy	heavy	ADJ
ejge-4284	13	2	financial	financial	ADJ
ejge-4284	13	3	sector	sector	NOUN
ejge-4284	13	4	support	support	NOUN
ejge-4284	13	5	,	,	PUNCT
ejge-4284	13	6	deep	deep	ADJ
ejge-4284	13	7	economic	economic	ADJ
ejge-4284	13	8	contraction	contraction	NOUN
ejge-4284	13	9	,	,	PUNCT
ejge-4284	13	10	and	and	CCONJ
ejge-4284	13	11	counter	counter	ADJ
ejge-4284	13	12	-	-	ADJ
ejge-4284	13	13	cyclical	cyclical	ADJ
ejge-4284	13	14	fiscal	fiscal	ADJ
ejge-4284	13	15	policies	policy	NOUN
ejge-4284	13	16	have	have	AUX
ejge-4284	13	17	all	all	PRON
ejge-4284	13	18	sharply	sharply	ADV
ejge-4284	13	19	raised	raise	VERB
ejge-4284	13	20	government	government	NOUN
ejge-4284	13	21	debt	debt	NOUN
ejge-4284	13	22	-	-	PUNCT
ejge-4284	13	23	to	to	ADP
ejge-4284	13	24	-	-	PUNCT
ejge-4284	13	25	gdp	gdp	NOUN
ejge-4284	13	26	ratios	ratio	NOUN
ejge-4284	13	27	since	since	SCONJ
ejge-4284	13	28	2008	2008	NUM
ejge-4284	13	29	.	.	PUNCT
ejge-4284	14	1	the	the	DET
ejge-4284	14	2	legacy	legacy	NOUN
ejge-4284	14	3	effects	effect	NOUN
ejge-4284	14	4	are	be	AUX
ejge-4284	14	5	potentially	potentially	ADV
ejge-4284	14	6	severe	severe	ADJ
ejge-4284	14	7	:	:	PUNCT
ejge-4284	14	8	increased	increase	VERB
ejge-4284	14	9	government	government	NOUN
ejge-4284	14	10	borrowing	borrowing	NOUN
ejge-4284	14	11	is	be	AUX
ejge-4284	14	12	likely	likely	ADJ
ejge-4284	14	13	to	to	PART
ejge-4284	14	14	raise	raise	VERB
ejge-4284	14	15	governments	government	NOUN
ejge-4284	14	16	’	’	PART
ejge-4284	14	17	financing	financing	NOUN
ejge-4284	14	18	costs	cost	NOUN
ejge-4284	14	19	,	,	PUNCT
ejge-4284	14	20	impact	impact	NOUN
ejge-4284	14	21	on	on	ADP
ejge-4284	14	22	private	private	ADJ
ejge-4284	14	23	financing	financing	NOUN
ejge-4284	14	24	conditions	condition	NOUN
ejge-4284	14	25	,	,	PUNCT
ejge-4284	14	26	crowd	crowd	NOUN
ejge-4284	14	27	-	-	PUNCT
ejge-4284	14	28	out	out	ADP
ejge-4284	14	29	private	private	ADJ
ejge-4284	14	30	investment	investment	NOUN
ejge-4284	14	31	and	and	CCONJ
ejge-4284	14	32	lower	low	ADJ
ejge-4284	14	33	potential	potential	ADJ
ejge-4284	14	34	economic	economic	ADJ
ejge-4284	14	35	growth	growth	NOUN
ejge-4284	14	36	(	(	PUNCT
ejge-4284	14	37	hartwig	hartwig	PROPN
ejge-4284	14	38	lojsch	lojsch	PROPN
ejge-4284	14	39	,	,	PUNCT
ejge-4284	14	40	rodríguez	rodríguez	NOUN
ejge-4284	14	41	-	-	PUNCT
ejge-4284	14	42	vives	vive	NOUN
ejge-4284	14	43	and	and	CCONJ
ejge-4284	14	44	slavik	slavik	PROPN
ejge-4284	14	45	,	,	PUNCT
ejge-4284	14	46	2011	2011	NUM
ejge-4284	14	47	)	)	PUNCT
ejge-4284	14	48	.	.	PUNCT
ejge-4284	15	1	restoring	restore	VERB
ejge-4284	15	2	fiscal	fiscal	ADJ
ejge-4284	15	3	sustainability	sustainability	NOUN
ejge-4284	15	4	is	be	AUX
ejge-4284	15	5	thus	thus	ADV
ejge-4284	15	6	a	a	DET
ejge-4284	15	7	top	top	ADJ
ejge-4284	15	8	policy	policy	NOUN
ejge-4284	15	9	priority	priority	NOUN
ejge-4284	15	10	across	across	ADP
ejge-4284	15	11	much	much	ADJ
ejge-4284	15	12	of	of	ADP
ejge-4284	15	13	the	the	DET
ejge-4284	15	14	developed	developed	ADJ
ejge-4284	15	15	world	world	NOUN
ejge-4284	15	16	.	.	PUNCT
ejge-4284	16	1	to	to	PART
ejge-4284	16	2	ensure	ensure	VERB
ejge-4284	16	3	that	that	SCONJ
ejge-4284	16	4	government	government	NOUN
ejge-4284	16	5	debt	debt	NOUN
ejge-4284	16	6	is	be	AUX
ejge-4284	16	7	on	on	ADP
ejge-4284	16	8	a	a	DET
ejge-4284	16	9	sustainable	sustainable	ADJ
ejge-4284	16	10	path	path	NOUN
ejge-4284	16	11	many	many	ADJ
ejge-4284	16	12	governments	government	NOUN
ejge-4284	16	13	inside	inside	ADP
ejge-4284	16	14	and	and	CCONJ
ejge-4284	16	15	outside	outside	ADP
ejge-4284	16	16	the	the	DET
ejge-4284	16	17	euro	euro	PROPN
ejge-4284	16	18	area	area	NOUN
ejge-4284	16	19	must	must	AUX
ejge-4284	16	20	enact	enact	VERB
ejge-4284	16	21	large	large	ADJ
ejge-4284	16	22	fiscal	fiscal	ADJ
ejge-4284	16	23	consolidation	consolidation	NOUN
ejge-4284	16	24	and	and	CCONJ
ejge-4284	16	25	then	then	ADV
ejge-4284	16	26	sustain	sustain	VERB
ejge-4284	16	27	substantial	substantial	ADJ
ejge-4284	16	28	primary	primary	ADJ
ejge-4284	16	29	budget	budget	NOUN
ejge-4284	16	30	surpluses	surplus	NOUN
ejge-4284	16	31	for	for	ADP
ejge-4284	16	32	many	many	ADJ
ejge-4284	16	33	years	year	NOUN
ejge-4284	16	34	.	.	PUNCT
ejge-4284	17	1	that	that	PRON
ejge-4284	17	2	is	be	AUX
ejge-4284	17	3	especially	especially	ADV
ejge-4284	17	4	true	true	ADJ
ejge-4284	17	5	for	for	ADP
ejge-4284	17	6	the	the	DET
ejge-4284	17	7	euro	euro	PROPN
ejge-4284	17	8	area	area	NOUN
ejge-4284	17	9	countries	country	NOUN
ejge-4284	17	10	currently	currently	ADV
ejge-4284	17	11	under	under	ADP
ejge-4284	17	12	eu	eu	PROPN
ejge-4284	17	13	/	/	SYM
ejge-4284	17	14	imf	imf	ADJ
ejge-4284	17	15	programmes	programme	NOUN
ejge-4284	17	16	,	,	PUNCT
ejge-4284	17	17	where	where	SCONJ
ejge-4284	17	18	countries	country	NOUN
ejge-4284	17	19	commit	commit	VERB
ejge-4284	17	20	to	to	PART
ejge-4284	17	21	rein	rein	VERB
ejge-4284	17	22	in	in	ADP
ejge-4284	17	23	deficits	deficit	NOUN
ejge-4284	17	24	and	and	CCONJ
ejge-4284	17	25	reform	reform	VERB
ejge-4284	17	26	their	their	PRON
ejge-4284	17	27	economies	economy	NOUN
ejge-4284	17	28	.	.	PUNCT
ejge-4284	18	1	the	the	DET
ejge-4284	18	2	challenge	challenge	NOUN
ejge-4284	18	3	is	be	AUX
ejge-4284	18	4	big	big	ADJ
ejge-4284	18	5	but	but	CCONJ
ejge-4284	18	6	not	not	PART
ejge-4284	18	7	unknown	unknown	ADJ
ejge-4284	18	8	.	.	PUNCT
ejge-4284	19	1	several	several	ADJ
ejge-4284	19	2	analyses	analysis	NOUN
ejge-4284	19	3	,	,	PUNCT
ejge-4284	19	4	from	from	ADP
ejge-4284	19	5	the	the	DET
ejge-4284	19	6	ecb	ecb	NOUN
ejge-4284	19	7	and	and	CCONJ
ejge-4284	19	8	other	other	ADJ
ejge-4284	19	9	international	international	ADJ
ejge-4284	19	10	institutions	institution	NOUN
ejge-4284	19	11	,	,	PUNCT
ejge-4284	19	12	have	have	AUX
ejge-4284	19	13	highlighted	highlight	VERB
ejge-4284	19	14	the	the	DET
ejge-4284	19	15	past	past	ADJ
ejge-4284	19	16	experience	experience	NOUN
ejge-4284	19	17	of	of	ADP
ejge-4284	19	18	countries	country	NOUN
ejge-4284	19	19	that	that	PRON
ejge-4284	19	20	managed	manage	VERB
ejge-4284	19	21	to	to	PART
ejge-4284	19	22	sustain	sustain	VERB
ejge-4284	19	23	fiscal	fiscal	ADJ
ejge-4284	19	24	consolidations	consolidation	NOUN
ejge-4284	19	25	and/or	and/or	CCONJ
ejge-4284	19	26	large	large	ADJ
ejge-4284	19	27	primary	primary	ADJ
ejge-4284	19	28	budget	budget	NOUN
ejge-4284	19	29	surpluses	surplus	NOUN
ejge-4284	19	30	over	over	ADP
ejge-4284	19	31	some	some	DET
ejge-4284	19	32	years	year	NOUN
ejge-4284	19	33	(	(	PUNCT
ejge-4284	19	34	ecb	ecb	NOUN
ejge-4284	19	35	,	,	PUNCT
ejge-4284	19	36	2011	2011	NUM
ejge-4284	19	37	)	)	PUNCT
ejge-4284	19	38	.	.	PUNCT
ejge-4284	20	1	however	however	ADV
ejge-4284	20	2	,	,	PUNCT
ejge-4284	20	3	to	to	PART
ejge-4284	20	4	understand	understand	VERB
ejge-4284	20	5	properly	properly	ADV
ejge-4284	20	6	the	the	DET
ejge-4284	20	7	relevance	relevance	NOUN
ejge-4284	20	8	of	of	ADP
ejge-4284	20	9	fiscal	fiscal	ADJ
ejge-4284	20	10	adjustment	adjustment	NOUN
ejge-4284	20	11	processes	process	NOUN
ejge-4284	20	12	of	of	ADP
ejge-4284	20	13	the	the	DET
ejge-4284	20	14	past	past	NOUN
ejge-4284	20	15	,	,	PUNCT
ejge-4284	20	16	we	we	PRON
ejge-4284	20	17	need	need	VERB
ejge-4284	20	18	to	to	PART
ejge-4284	20	19	analyse	analyse	VERB
ejge-4284	20	20	how	how	SCONJ
ejge-4284	20	21	different	different	ADJ
ejge-4284	20	22	factors	factor	NOUN
ejge-4284	20	23	supporting	support	VERB
ejge-4284	20	24	the	the	DET
ejge-4284	20	25	length	length	NOUN
ejge-4284	20	26	of	of	ADP
ejge-4284	20	27	periods	period	NOUN
ejge-4284	20	28	of	of	ADP
ejge-4284	20	29	government	government	NOUN
ejge-4284	20	30	action	action	NOUN
ejge-4284	20	31	to	to	PART
ejge-4284	20	32	improve	improve	VERB
ejge-4284	20	33	their	their	PRON
ejge-4284	20	34	fiscal	fiscal	ADJ
ejge-4284	20	35	balances	balance	NOUN
ejge-4284	20	36	.	.	PUNCT
ejge-4284	21	1	in	in	ADP
ejge-4284	21	2	this	this	DET
ejge-4284	21	3	vein	vein	NOUN
ejge-4284	21	4	,	,	PUNCT
ejge-4284	21	5	there	there	PRON
ejge-4284	21	6	is	be	VERB
ejge-4284	21	7	a	a	DET
ejge-4284	21	8	rich	rich	ADJ
ejge-4284	21	9	stream	stream	NOUN
ejge-4284	21	10	of	of	ADP
ejge-4284	21	11	empirical	empirical	ADJ
ejge-4284	21	12	papers	paper	NOUN
ejge-4284	21	13	that	that	PRON
ejge-4284	21	14	have	have	AUX
ejge-4284	21	15	tried	try	VERB
ejge-4284	21	16	to	to	PART
ejge-4284	21	17	understand	understand	VERB
ejge-4284	21	18	the	the	DET
ejge-4284	21	19	possible	possible	ADJ
ejge-4284	21	20	factors	factor	NOUN
ejge-4284	21	21	supporting	support	VERB
ejge-4284	21	22	“	"	PUNCT
ejge-4284	21	23	successful	successful	ADJ
ejge-4284	21	24	”	"	PUNCT
ejge-4284	21	25	fiscal	fiscal	ADJ
ejge-4284	21	26	consolidations	consolidation	NOUN
ejge-4284	21	27	.	.	PUNCT
ejge-4284	22	1	the	the	DET
ejge-4284	22	2	academic	academic	PROPN
ejge-4284	22	3	literature	literature	PROPN
ejge-4284	22	4	systematically	systematically	ADV
ejge-4284	22	5	refers	refer	VERB
ejge-4284	22	6	to	to	ADP
ejge-4284	22	7	the	the	DET
ejge-4284	22	8	expression	expression	NOUN
ejge-4284	22	9	“	"	PUNCT
ejge-4284	22	10	success	success	NOUN
ejge-4284	22	11	”	"	PUNCT
ejge-4284	22	12	and	and	CCONJ
ejge-4284	22	13	provides	provide	VERB
ejge-4284	22	14	a	a	DET
ejge-4284	22	15	number	number	NOUN
ejge-4284	22	16	of	of	ADP
ejge-4284	22	17	definitions	definition	NOUN
ejge-4284	22	18	to	to	ADP
ejge-4284	22	19	it	it	PRON
ejge-4284	22	20	.	.	PUNCT
ejge-4284	23	1	however	however	ADV
ejge-4284	23	2	,	,	PUNCT
ejge-4284	23	3	the	the	DET
ejge-4284	23	4	term	term	NOUN
ejge-4284	23	5	“	"	PUNCT
ejge-4284	23	6	successful	successful	ADJ
ejge-4284	23	7	”	"	PUNCT
ejge-4284	23	8	is	be	AUX
ejge-4284	23	9	controversial	controversial	ADJ
ejge-4284	23	10	.	.	PUNCT
ejge-4284	24	1	the	the	DET
ejge-4284	24	2	aims	aim	NOUN
ejge-4284	24	3	and	and	CCONJ
ejge-4284	24	4	effects	effect	NOUN
ejge-4284	24	5	of	of	ADP
ejge-4284	24	6	a	a	DET
ejge-4284	24	7	period	period	NOUN
ejge-4284	24	8	of	of	ADP
ejge-4284	24	9	consolidation	consolidation	NOUN
ejge-4284	24	10	would	would	AUX
ejge-4284	24	11	be	be	AUX
ejge-4284	24	12	perceived	perceive	VERB
ejge-4284	24	13	differently	differently	ADV
ejge-4284	24	14	by	by	ADP
ejge-4284	24	15	different	different	ADJ
ejge-4284	24	16	actors	actor	NOUN
ejge-4284	24	17	which	which	PRON
ejge-4284	24	18	may	may	AUX
ejge-4284	24	19	have	have	VERB
ejge-4284	24	20	conflicting	conflicting	ADJ
ejge-4284	24	21	preferences	preference	NOUN
ejge-4284	24	22	about	about	ADP
ejge-4284	24	23	choices	choice	NOUN
ejge-4284	24	24	for	for	ADP
ejge-4284	24	25	achieving	achieve	VERB
ejge-4284	24	26	fiscal	fiscal	ADJ
ejge-4284	24	27	sustainability.1	sustainability.1	NOUN
ejge-4284	24	28	while	while	SCONJ
ejge-4284	24	29	one	one	NUM
ejge-4284	24	30	stream	stream	NOUN
ejge-4284	24	31	of	of	ADP
ejge-4284	24	32	the	the	DET
ejge-4284	24	33	literature	literature	NOUN
ejge-4284	24	34	defines	define	VERB
ejge-4284	24	35	“	"	PUNCT
ejge-4284	24	36	success	success	NOUN
ejge-4284	24	37	”	"	PUNCT
ejge-4284	24	38	as	as	ADP
ejge-4284	24	39	the	the	DET
ejge-4284	24	40	ability	ability	NOUN
ejge-4284	24	41	to	to	PART
ejge-4284	24	42	significantly	significantly	ADV
ejge-4284	24	43	reduce	reduce	VERB
ejge-4284	24	44	government	government	NOUN
ejge-4284	24	45	debt	debt	NOUN
ejge-4284	24	46	over	over	ADP
ejge-4284	24	47	the	the	DET
ejge-4284	24	48	consolidation	consolidation	NOUN
ejge-4284	24	49	period	period	NOUN
ejge-4284	24	50	(	(	PUNCT
ejge-4284	24	51	e.g.	e.g.	ADV
ejge-4284	24	52	heylen	heylen	NOUN
ejge-4284	24	53	and	and	CCONJ
ejge-4284	24	54	everaert	everaert	NOUN
ejge-4284	24	55	,	,	PUNCT
ejge-4284	24	56	2000	2000	NUM
ejge-4284	24	57	)	)	PUNCT
ejge-4284	24	58	,	,	PUNCT
ejge-4284	24	59	our	our	PRON
ejge-4284	24	60	work	work	NOUN
ejge-4284	24	61	,	,	PUNCT
ejge-4284	24	62	in	in	ADP
ejge-4284	24	63	line	line	NOUN
ejge-4284	24	64	with	with	ADP
ejge-4284	24	65	another	another	DET
ejge-4284	24	66	stream	stream	NOUN
ejge-4284	24	67	of	of	ADP
ejge-4284	24	68	existing	exist	VERB
ejge-4284	24	69	studies	study	NOUN
ejge-4284	24	70	,	,	PUNCT
ejge-4284	24	71	measures	measure	VERB
ejge-4284	24	72	the	the	DET
ejge-4284	24	73	persistence	persistence	NOUN
ejge-4284	24	74	(	(	PUNCT
ejge-4284	24	75	length	length	NOUN
ejge-4284	24	76	or	or	CCONJ
ejge-4284	24	77	longevity	longevity	NOUN
ejge-4284	24	78	)	)	PUNCT
ejge-4284	24	79	of	of	ADP
ejge-4284	24	80	the	the	DET
ejge-4284	24	81	fiscal	fiscal	ADJ
ejge-4284	24	82	consolidation	consolidation	NOUN
ejge-4284	24	83	effort	effort	NOUN
ejge-4284	24	84	over	over	ADP
ejge-4284	24	85	time	time	NOUN
ejge-4284	24	86	.	.	PUNCT
ejge-4284	25	1	in	in	ADP
ejge-4284	25	2	this	this	DET
ejge-4284	25	3	article	article	NOUN
ejge-4284	25	4	,	,	PUNCT
ejge-4284	25	5	we	we	PRON
ejge-4284	25	6	draw	draw	VERB
ejge-4284	25	7	from	from	ADP
ejge-4284	25	8	the	the	DET
ejge-4284	25	9	literature	literature	NOUN
ejge-4284	25	10	that	that	PRON
ejge-4284	25	11	analyses	analyse	VERB
ejge-4284	25	12	the	the	DET
ejge-4284	25	13	factors	factor	NOUN
ejge-4284	25	14	affecting	affect	VERB
ejge-4284	25	15	the	the	DET
ejge-4284	25	16	length	length	NOUN
ejge-4284	25	17	of	of	ADP
ejge-4284	25	18	consolidations	consolidation	NOUN
ejge-4284	25	19	,	,	PUNCT
ejge-4284	25	20	using	use	VERB
ejge-4284	25	21	duration	duration	NOUN
ejge-4284	25	22	analysis	analysis	NOUN
ejge-4284	25	23	to	to	ADP
ejge-4284	25	24	estimating	estimate	VERB
ejge-4284	25	25	hazard	hazard	NOUN
ejge-4284	25	26	functions	function	NOUN
ejge-4284	25	27	(	(	PUNCT
ejge-4284	25	28	e.g.	e.g.	ADV
ejge-4284	25	29	von	von	PROPN
ejge-4284	25	30	hagen	hagen	PROPN
ejge-4284	25	31	,	,	PUNCT
ejge-4284	25	32	hughes	hughes	PROPN
ejge-4284	25	33	,	,	PUNCT
ejge-4284	25	34	and	and	CCONJ
ejge-4284	25	35	strauch	strauch	NOUN
ejge-4284	25	36	(	(	PUNCT
ejge-4284	25	37	2002	2002	NUM
ejge-4284	25	38	)	)	PUNCT
ejge-4284	25	39	;	;	PUNCT
ejge-4284	25	40	gupta	gupta	PROPN
ejge-4284	25	41	,	,	PUNCT
ejge-4284	25	42	clements	clements	PROPN
ejge-4284	25	43	,	,	PUNCT
ejge-4284	25	44	baldacci	baldacci	PROPN
ejge-4284	25	45	and	and	CCONJ
ejge-4284	25	46	mulas	mulas	PROPN
ejge-4284	25	47	-	-	PUNCT
ejge-4284	25	48	granados	granados	PROPN
ejge-4284	25	49	(	(	PUNCT
ejge-4284	25	50	2004	2004	NUM
ejge-4284	25	51	)	)	PUNCT
ejge-4284	25	52	;	;	PUNCT
ejge-4284	25	53	maroto	maroto	PROPN
ejge-4284	25	54	illera	illera	PROPN
ejge-4284	25	55	and	and	CCONJ
ejge-4284	25	56	mulas	mulas	PROPN
ejge-4284	25	57	-	-	PUNCT
ejge-4284	25	58	granados	granados	PROPN
ejge-4284	25	59	(	(	PUNCT
ejge-4284	25	60	2008	2008	NUM
ejge-4284	25	61	)	)	PUNCT
ejge-4284	25	62	;	;	PUNCT
ejge-4284	25	63	agnello	agnello	PROPN
ejge-4284	25	64	,	,	PUNCT
ejge-4284	25	65	castro	castro	PROPN
ejge-4284	25	66	and	and	CCONJ
ejge-4284	25	67	sousa	sousa	PROPN
ejge-4284	25	68	(	(	PUNCT
ejge-4284	25	69	2012	2012	NUM
ejge-4284	25	70	)	)	PUNCT
ejge-4284	25	71	)	)	PUNCT
ejge-4284	25	72	.	.	PUNCT
ejge-4284	26	1	the	the	DET
ejge-4284	26	2	bulk	bulk	NOUN
ejge-4284	26	3	of	of	ADP
ejge-4284	26	4	previous	previous	ADJ
ejge-4284	26	5	empirical	empirical	ADJ
ejge-4284	26	6	research	research	NOUN
ejge-4284	26	7	on	on	ADP
ejge-4284	26	8	the	the	DET
ejge-4284	26	9	determinants	determinant	NOUN
ejge-4284	26	10	affecting	affect	VERB
ejge-4284	26	11	consolidation	consolidation	NOUN
ejge-4284	26	12	makes	make	VERB
ejge-4284	26	13	use	use	NOUN
ejge-4284	26	14	of	of	ADP
ejge-4284	26	15	case	case	NOUN
ejge-4284	26	16	studies	study	NOUN
ejge-4284	26	17	,	,	PUNCT
ejge-4284	26	18	descriptive	descriptive	ADJ
ejge-4284	26	19	statistics	statistic	NOUN
ejge-4284	26	20	and	and	CCONJ
ejge-4284	26	21	econometric	econometric	ADJ
ejge-4284	26	22	techniques	technique	NOUN
ejge-4284	26	23	–	–	PUNCT
ejge-4284	26	24	mainly	mainly	ADV
ejge-4284	26	25	regressions	regression	NOUN
ejge-4284	26	26	with	with	ADP
ejge-4284	26	27	“	"	PUNCT
ejge-4284	26	28	successful	successful	ADJ
ejge-4284	26	29	”	"	PUNCT
ejge-4284	26	30	fiscal	fiscal	ADJ
ejge-4284	26	31	consolidations	consolidation	NOUN
ejge-4284	26	32	as	as	ADP
ejge-4284	26	33	dummy	dummy	ADJ
ejge-4284	26	34	variable	variable	NOUN
ejge-4284	26	35	(	(	PUNCT
ejge-4284	26	36	e.g.	e.g.	ADV
ejge-4284	26	37	alesina	alesina	NOUN
ejge-4284	26	38	and	and	CCONJ
ejge-4284	26	39	ardagna	ardagna	PROPN
ejge-4284	26	40	(	(	PUNCT
ejge-4284	26	41	1998	1998	NUM
ejge-4284	26	42	)	)	PUNCT
ejge-4284	26	43	;	;	PUNCT
ejge-4284	26	44	guichard	guichard	PROPN
ejge-4284	26	45	,	,	PUNCT
ejge-4284	26	46	kennedy	kennedy	PROPN
ejge-4284	26	47	,	,	PUNCT
ejge-4284	26	48	wurzel	wurzel	PROPN
ejge-4284	26	49	and	and	CCONJ
ejge-4284	26	50	andre	andre	PROPN
ejge-4284	26	51	(	(	PUNCT
ejge-4284	26	52	2007)).2	2007)).2	NUM
ejge-4284	26	53	the	the	DET
ejge-4284	26	54	results	result	NOUN
ejge-4284	26	55	of	of	ADP
ejge-4284	26	56	existing	exist	VERB
ejge-4284	26	57	research	research	NOUN
ejge-4284	26	58	differ	differ	VERB
ejge-4284	26	59	,	,	PUNCT
ejge-4284	26	60	not	not	PART
ejge-4284	26	61	only	only	ADV
ejge-4284	26	62	because	because	SCONJ
ejge-4284	26	63	of	of	ADP
ejge-4284	26	64	methodological	methodological	ADJ
ejge-4284	26	65	differences	difference	NOUN
ejge-4284	26	66	,	,	PUNCT
ejge-4284	26	67	but	but	CCONJ
ejge-4284	26	68	also	also	ADV
ejge-4284	26	69	due	due	ADP
ejge-4284	26	70	to	to	ADP
ejge-4284	26	71	the	the	DET
ejge-4284	26	72	different	different	ADJ
ejge-4284	26	73	definitions	definition	NOUN
ejge-4284	26	74	of	of	ADP
ejge-4284	26	75	“	"	PUNCT
ejge-4284	26	76	success	success	NOUN
ejge-4284	26	77	”	"	PUNCT
ejge-4284	26	78	.	.	PUNCT
ejge-4284	27	1	the	the	DET
ejge-4284	27	2	benefit	benefit	NOUN
ejge-4284	27	3	of	of	ADP
ejge-4284	27	4	duration	duration	NOUN
ejge-4284	27	5	analysis	analysis	NOUN
ejge-4284	27	6	for	for	ADP
ejge-4284	27	7	our	our	PRON
ejge-4284	27	8	purpose	purpose	NOUN
ejge-4284	27	9	is	be	AUX
ejge-4284	27	10	that	that	SCONJ
ejge-4284	27	11	,	,	PUNCT
ejge-4284	27	12	as	as	ADP
ejge-4284	27	13	gupta	gupta	PROPN
ejge-4284	27	14	et	et	PROPN
ejge-4284	27	15	al	al	PROPN
ejge-4284	27	16	.	.	PROPN
ejge-4284	28	1	(	(	PUNCT
ejge-4284	28	2	2004	2004	NUM
ejge-4284	28	3	)	)	PUNCT
ejge-4284	28	4	argue	argue	VERB
ejge-4284	28	5	,	,	PUNCT
ejge-4284	28	6	it	it	PRON
ejge-4284	28	7	enables	enable	VERB
ejge-4284	28	8	us	we	PRON
ejge-4284	28	9	to	to	PART
ejge-4284	28	10	treat	treat	VERB
ejge-4284	28	11	the	the	DET
ejge-4284	28	12	duration	duration	NOUN
ejge-4284	28	13	of	of	ADP
ejge-4284	28	14	fiscal	fiscal	ADJ
ejge-4284	28	15	consolidation	consolidation	NOUN
ejge-4284	28	16	as	as	ADP
ejge-4284	28	17	endogenous	endogenous	ADJ
ejge-4284	28	18	.	.	PUNCT
ejge-4284	29	1	in	in	ADP
ejge-4284	29	2	contrast	contrast	NOUN
ejge-4284	29	3	to	to	ADP
ejge-4284	29	4	empirical	empirical	ADJ
ejge-4284	29	5	studies	study	NOUN
ejge-4284	29	6	which	which	PRON
ejge-4284	29	7	use	use	VERB
ejge-4284	29	8	a	a	DET
ejge-4284	29	9	descriptive	descriptive	ADJ
ejge-4284	29	10	approach	approach	NOUN
ejge-4284	29	11	to	to	PART
ejge-4284	29	12	assess	assess	VERB
ejge-4284	29	13	the	the	DET
ejge-4284	29	14	determinants	determinant	NOUN
ejge-4284	29	15	of	of	ADP
ejge-4284	29	16	past	past	ADJ
ejge-4284	29	17	adjustment	adjustment	NOUN
ejge-4284	29	18	episodes	episode	NOUN
ejge-4284	29	19	,	,	PUNCT
ejge-4284	29	20	duration	duration	NOUN
ejge-4284	29	21	analysis	analysis	NOUN
ejge-4284	29	22	makes	make	VERB
ejge-4284	29	23	use	use	NOUN
ejge-4284	29	24	1	1	NUM
ejge-4284	29	25	moreover	moreover	ADV
ejge-4284	29	26	,	,	PUNCT
ejge-4284	29	27	another	another	DET
ejge-4284	29	28	interesting	interesting	ADJ
ejge-4284	29	29	angle	angle	NOUN
ejge-4284	29	30	to	to	PART
ejge-4284	29	31	explore	explore	VERB
ejge-4284	29	32	would	would	AUX
ejge-4284	29	33	be	be	AUX
ejge-4284	29	34	whether	whether	SCONJ
ejge-4284	29	35	policy	policy	NOUN
ejge-4284	29	36	makers	maker	NOUN
ejge-4284	29	37	with	with	ADP
ejge-4284	29	38	their	their	PRON
ejge-4284	29	39	choices	choice	NOUN
ejge-4284	29	40	in	in	ADP
ejge-4284	29	41	the	the	DET
ejge-4284	29	42	fiscal	fiscal	ADJ
ejge-4284	29	43	consolidation	consolidation	NOUN
ejge-4284	29	44	mix	mix	NOUN
ejge-4284	29	45	are	be	AUX
ejge-4284	29	46	successful	successful	ADJ
ejge-4284	29	47	in	in	ADP
ejge-4284	29	48	limiting	limit	VERB
ejge-4284	29	49	the	the	DET
ejge-4284	29	50	pressure	pressure	NOUN
ejge-4284	29	51	exerted	exert	VERB
ejge-4284	29	52	by	by	ADP
ejge-4284	29	53	organized	organized	ADJ
ejge-4284	29	54	interest	interest	NOUN
ejge-4284	29	55	groups	group	NOUN
ejge-4284	29	56	towards	towards	ADP
ejge-4284	29	57	increasing	increase	VERB
ejge-4284	29	58	quasi	quasi	ADJ
ejge-4284	29	59	-	-	ADJ
ejge-4284	29	60	private	private	ADJ
ejge-4284	29	61	expenditure	expenditure	NOUN
ejge-4284	29	62	,	,	PUNCT
ejge-4284	29	63	such	such	ADJ
ejge-4284	29	64	as	as	ADP
ejge-4284	29	65	the	the	DET
ejge-4284	29	66	recipients	recipient	NOUN
ejge-4284	29	67	of	of	ADP
ejge-4284	29	68	current	current	ADJ
ejge-4284	29	69	and	and	CCONJ
ejge-4284	29	70	capital	capital	NOUN
ejge-4284	29	71	grants	grant	NOUN
ejge-4284	29	72	(	(	PUNCT
ejge-4284	29	73	e.g.	e.g.	ADV
ejge-4284	29	74	buchanan	buchanan	NOUN
ejge-4284	29	75	and	and	CCONJ
ejge-4284	29	76	tullock	tullock	NOUN
ejge-4284	29	77	(	(	PUNCT
ejge-4284	29	78	1962	1962	NUM
ejge-4284	29	79	)	)	PUNCT
ejge-4284	29	80	)	)	PUNCT
ejge-4284	29	81	,	,	PUNCT
ejge-4284	29	82	or	or	CCONJ
ejge-4284	29	83	in	in	ADP
ejge-4284	29	84	reducing	reduce	VERB
ejge-4284	29	85	the	the	DET
ejge-4284	29	86	perception	perception	NOUN
ejge-4284	29	87	of	of	ADP
ejge-4284	29	88	fiscal	fiscal	ADJ
ejge-4284	29	89	illusion	illusion	NOUN
ejge-4284	29	90	(	(	PUNCT
ejge-4284	29	91	buchanan	buchanan	PROPN
ejge-4284	29	92	and	and	CCONJ
ejge-4284	29	93	wagner	wagner	PROPN
ejge-4284	29	94	(	(	PUNCT
ejge-4284	29	95	1977	1977	NUM
ejge-4284	29	96	)	)	PUNCT
ejge-4284	29	97	)	)	PUNCT
ejge-4284	29	98	.	.	PUNCT
ejge-4284	30	1	2	2	NUM
ejge-4284	30	2	other	other	ADJ
ejge-4284	30	3	approaches	approach	NOUN
ejge-4284	30	4	to	to	PART
ejge-4284	30	5	overcome	overcome	VERB
ejge-4284	30	6	shortcomings	shortcoming	NOUN
ejge-4284	30	7	of	of	ADP
ejge-4284	30	8	regression	regression	NOUN
ejge-4284	30	9	analysis	analysis	NOUN
ejge-4284	30	10	,	,	PUNCT
ejge-4284	30	11	include	include	VERB
ejge-4284	30	12	the	the	DET
ejge-4284	30	13	use	use	NOUN
ejge-4284	30	14	of	of	ADP
ejge-4284	30	15	model	model	NOUN
ejge-4284	30	16	averaging	average	VERB
ejge-4284	30	17	techniques	technique	NOUN
ejge-4284	30	18	by	by	ADP
ejge-4284	30	19	hernández	hernández	PROPN
ejge-4284	30	20	de	de	PROPN
ejge-4284	30	21	cos	cos	PROPN
ejge-4284	30	22	and	and	CCONJ
ejge-4284	30	23	moral	moral	ADJ
ejge-4284	30	24	-	-	PUNCT
ejge-4284	30	25	benito	benito	NOUN
ejge-4284	30	26	(	(	PUNCT
ejge-4284	30	27	2011	2011	NUM
ejge-4284	30	28	)	)	PUNCT
ejge-4284	30	29	which	which	PRON
ejge-4284	30	30	implies	imply	VERB
ejge-4284	30	31	considering	consider	VERB
ejge-4284	30	32	and	and	CCONJ
ejge-4284	30	33	estimating	estimate	VERB
ejge-4284	30	34	all	all	DET
ejge-4284	30	35	the	the	DET
ejge-4284	30	36	possible	possible	ADJ
ejge-4284	30	37	regressions	regression	NOUN
ejge-4284	30	38	and	and	CCONJ
ejge-4284	30	39	subsequently	subsequently	ADV
ejge-4284	30	40	construct	construct	VERB
ejge-4284	30	41	a	a	DET
ejge-4284	30	42	weighted	weight	VERB
ejge-4284	30	43	average	average	NOUN
ejge-4284	30	44	as	as	ADP
ejge-4284	30	45	the	the	DET
ejge-4284	30	46	estimate	estimate	NOUN
ejge-4284	30	47	of	of	ADP
ejge-4284	30	48	the	the	DET
ejge-4284	30	49	variables	variable	NOUN
ejge-4284	30	50	(	(	PUNCT
ejge-4284	30	51	determinant	determinant	ADJ
ejge-4284	30	52	of	of	ADP
ejge-4284	30	53	consolidations	consolidation	NOUN
ejge-4284	30	54	)	)	PUNCT
ejge-4284	30	55	.	.	PUNCT
ejge-4284	31	1	lodge	lodge	PROPN
ejge-4284	31	2	and	and	CCONJ
ejge-4284	31	3	rodríguez	rodríguez	PROPN
ejge-4284	31	4	-	-	PUNCT
ejge-4284	31	5	vives	vive	NOUN
ejge-4284	31	6	●	●	PUNCT
ejge-4284	31	7	how	how	SCONJ
ejge-4284	31	8	long	long	ADV
ejge-4284	31	9	can	can	AUX
ejge-4284	31	10	austerity	austerity	NOUN
ejge-4284	31	11	persist	persist	VERB
ejge-4284	31	12	?	?	PUNCT
ejge-4284	32	1	7	7	NUM
ejge-4284	32	2	of	of	ADP
ejge-4284	32	3	all	all	DET
ejge-4284	32	4	the	the	DET
ejge-4284	32	5	information	information	NOUN
ejge-4284	32	6	available	available	ADJ
ejge-4284	32	7	in	in	ADP
ejge-4284	32	8	the	the	DET
ejge-4284	32	9	data.3	data.3	NOUN
ejge-4284	32	10	the	the	DET
ejge-4284	32	11	distinction	distinction	NOUN
ejge-4284	32	12	is	be	AUX
ejge-4284	32	13	important	important	ADJ
ejge-4284	32	14	:	:	PUNCT
ejge-4284	32	15	to	to	PART
ejge-4284	32	16	understand	understand	VERB
ejge-4284	32	17	what	what	PRON
ejge-4284	32	18	helps	help	VERB
ejge-4284	32	19	sustain	sustain	VERB
ejge-4284	32	20	a	a	DET
ejge-4284	32	21	long	long	ADV
ejge-4284	32	22	-	-	PUNCT
ejge-4284	32	23	lasting	last	VERB
ejge-4284	32	24	consolidation	consolidation	NOUN
ejge-4284	32	25	effort	effort	NOUN
ejge-4284	32	26	,	,	PUNCT
ejge-4284	32	27	we	we	PRON
ejge-4284	32	28	also	also	ADV
ejge-4284	32	29	need	need	VERB
ejge-4284	32	30	to	to	PART
ejge-4284	32	31	analyse	analyse	VERB
ejge-4284	32	32	the	the	DET
ejge-4284	32	33	failures	failure	NOUN
ejge-4284	32	34	,	,	PUNCT
ejge-4284	32	35	those	those	PRON
ejge-4284	32	36	that	that	PRON
ejge-4284	32	37	stopped	stop	VERB
ejge-4284	32	38	after	after	ADP
ejge-4284	32	39	only	only	ADV
ejge-4284	32	40	a	a	DET
ejge-4284	32	41	short	short	ADJ
ejge-4284	32	42	period	period	NOUN
ejge-4284	32	43	of	of	ADP
ejge-4284	32	44	time	time	NOUN
ejge-4284	32	45	.	.	PUNCT
ejge-4284	33	1	in	in	ADP
ejge-4284	33	2	doing	do	VERB
ejge-4284	33	3	so	so	ADV
ejge-4284	33	4	,	,	PUNCT
ejge-4284	33	5	we	we	PRON
ejge-4284	33	6	aim	aim	VERB
ejge-4284	33	7	at	at	ADP
ejge-4284	33	8	addressing	address	VERB
ejge-4284	33	9	one	one	NUM
ejge-4284	33	10	of	of	ADP
ejge-4284	33	11	the	the	DET
ejge-4284	33	12	major	major	ADJ
ejge-4284	33	13	challenges	challenge	NOUN
ejge-4284	33	14	facing	face	VERB
ejge-4284	33	15	several	several	ADJ
ejge-4284	33	16	euro	euro	NOUN
ejge-4284	33	17	area	area	NOUN
ejge-4284	33	18	countries	country	NOUN
ejge-4284	33	19	:	:	PUNCT
ejge-4284	33	20	how	how	SCONJ
ejge-4284	33	21	likely	likely	ADV
ejge-4284	33	22	is	be	AUX
ejge-4284	33	23	it	it	PRON
ejge-4284	33	24	that	that	SCONJ
ejge-4284	33	25	a	a	DET
ejge-4284	33	26	government	government	NOUN
ejge-4284	33	27	will	will	AUX
ejge-4284	33	28	be	be	AUX
ejge-4284	33	29	able	able	ADJ
ejge-4284	33	30	to	to	PART
ejge-4284	33	31	enact	enact	VERB
ejge-4284	33	32	large	large	ADJ
ejge-4284	33	33	fiscal	fiscal	ADJ
ejge-4284	33	34	consolidations	consolidation	NOUN
ejge-4284	33	35	over	over	ADP
ejge-4284	33	36	a	a	DET
ejge-4284	33	37	number	number	NOUN
ejge-4284	33	38	of	of	ADP
ejge-4284	33	39	years	year	NOUN
ejge-4284	33	40	?	?	PUNCT
ejge-4284	34	1	and	and	CCONJ
ejge-4284	34	2	what	what	DET
ejge-4284	34	3	factors	factor	NOUN
ejge-4284	34	4	are	be	AUX
ejge-4284	34	5	likely	likely	ADJ
ejge-4284	34	6	to	to	PART
ejge-4284	34	7	support	support	VERB
ejge-4284	34	8	their	their	PRON
ejge-4284	34	9	efforts	effort	NOUN
ejge-4284	34	10	?	?	PUNCT
ejge-4284	35	1	no	no	PRON
ejge-4284	35	2	doubt	doubt	ADV
ejge-4284	35	3	it	it	PRON
ejge-4284	35	4	has	have	AUX
ejge-4284	35	5	been	be	AUX
ejge-4284	35	6	a	a	DET
ejge-4284	35	7	key	key	ADJ
ejge-4284	35	8	question	question	NOUN
ejge-4284	35	9	posed	pose	VERB
ejge-4284	35	10	by	by	ADP
ejge-4284	35	11	capital	capital	NOUN
ejge-4284	35	12	markets	market	NOUN
ejge-4284	35	13	as	as	SCONJ
ejge-4284	35	14	sovereign	sovereign	ADJ
ejge-4284	35	15	bond	bond	NOUN
ejge-4284	35	16	spreads	spread	NOUN
ejge-4284	35	17	have	have	AUX
ejge-4284	35	18	widened	widen	VERB
ejge-4284	35	19	since	since	SCONJ
ejge-4284	35	20	the	the	DET
ejge-4284	35	21	onset	onset	NOUN
ejge-4284	35	22	of	of	ADP
ejge-4284	35	23	financial	financial	ADJ
ejge-4284	35	24	crisis	crisis	NOUN
ejge-4284	35	25	in	in	ADP
ejge-4284	35	26	2007	2007	NUM
ejge-4284	35	27	.	.	PUNCT
ejge-4284	36	1	but	but	CCONJ
ejge-4284	36	2	this	this	PRON
ejge-4284	36	3	is	be	AUX
ejge-4284	36	4	just	just	ADV
ejge-4284	36	5	one	one	NUM
ejge-4284	36	6	approach	approach	NOUN
ejge-4284	36	7	to	to	ADP
ejge-4284	36	8	analysing	analyse	VERB
ejge-4284	36	9	past	past	ADJ
ejge-4284	36	10	experiences	experience	NOUN
ejge-4284	36	11	with	with	ADP
ejge-4284	36	12	fiscal	fiscal	ADJ
ejge-4284	36	13	consolidation	consolidation	NOUN
ejge-4284	36	14	and	and	CCONJ
ejge-4284	36	15	it	it	PRON
ejge-4284	36	16	has	have	VERB
ejge-4284	36	17	quite	quite	DET
ejge-4284	36	18	a	a	DET
ejge-4284	36	19	narrow	narrow	ADJ
ejge-4284	36	20	focus	focus	NOUN
ejge-4284	36	21	:	:	PUNCT
ejge-4284	36	22	it	it	PRON
ejge-4284	36	23	asks	ask	VERB
ejge-4284	36	24	how	how	SCONJ
ejge-4284	36	25	long	long	ADJ
ejge-4284	36	26	governments	government	NOUN
ejge-4284	36	27	have	have	AUX
ejge-4284	36	28	managed	manage	VERB
ejge-4284	36	29	to	to	PART
ejge-4284	36	30	sustain	sustain	VERB
ejge-4284	36	31	uninterrupted	uninterrupted	ADJ
ejge-4284	36	32	periods	period	NOUN
ejge-4284	36	33	of	of	ADP
ejge-4284	36	34	consolidation	consolidation	NOUN
ejge-4284	36	35	in	in	ADP
ejge-4284	36	36	the	the	DET
ejge-4284	36	37	past	past	NOUN
ejge-4284	36	38	and	and	CCONJ
ejge-4284	36	39	what	what	DET
ejge-4284	36	40	factors	factor	NOUN
ejge-4284	36	41	affected	affect	VERB
ejge-4284	36	42	their	their	PRON
ejge-4284	36	43	ability	ability	NOUN
ejge-4284	36	44	to	to	PART
ejge-4284	36	45	do	do	AUX
ejge-4284	36	46	so	so	ADV
ejge-4284	36	47	?	?	PUNCT
ejge-4284	37	1	it	it	PRON
ejge-4284	37	2	does	do	AUX
ejge-4284	37	3	not	not	PART
ejge-4284	37	4	directly	directly	ADV
ejge-4284	37	5	comment	comment	VERB
ejge-4284	37	6	either	either	CCONJ
ejge-4284	37	7	on	on	ADP
ejge-4284	37	8	debt	debt	NOUN
ejge-4284	37	9	sustainability	sustainability	NOUN
ejge-4284	37	10	,	,	PUNCT
ejge-4284	37	11	the	the	DET
ejge-4284	37	12	success	success	NOUN
ejge-4284	37	13	of	of	ADP
ejge-4284	37	14	fiscal	fiscal	ADJ
ejge-4284	37	15	consolidation	consolidation	NOUN
ejge-4284	37	16	in	in	ADP
ejge-4284	37	17	achieving	achieve	VERB
ejge-4284	37	18	a	a	DET
ejge-4284	37	19	lasting	last	VERB
ejge-4284	37	20	reduction	reduction	NOUN
ejge-4284	37	21	in	in	ADP
ejge-4284	37	22	government	government	NOUN
ejge-4284	37	23	debt	debt	NOUN
ejge-4284	37	24	ratios	ratio	NOUN
ejge-4284	37	25	nor	nor	CCONJ
ejge-4284	37	26	does	do	AUX
ejge-4284	37	27	it	it	PRON
ejge-4284	37	28	deal	deal	VERB
ejge-4284	37	29	with	with	ADP
ejge-4284	37	30	the	the	DET
ejge-4284	37	31	consequences	consequence	NOUN
ejge-4284	37	32	of	of	ADP
ejge-4284	37	33	consolidation	consolidation	NOUN
ejge-4284	37	34	–	–	PUNCT
ejge-4284	37	35	either	either	CCONJ
ejge-4284	37	36	for	for	ADP
ejge-4284	37	37	growth	growth	NOUN
ejge-4284	37	38	or	or	CCONJ
ejge-4284	37	39	welfare	welfare	NOUN
ejge-4284	37	40	.	.	PUNCT
ejge-4284	38	1	candidate	candidate	NOUN
ejge-4284	38	2	factors	factor	NOUN
ejge-4284	38	3	sustaining	sustain	VERB
ejge-4284	38	4	the	the	DET
ejge-4284	38	5	length	length	NOUN
ejge-4284	38	6	of	of	ADP
ejge-4284	38	7	fiscal	fiscal	ADJ
ejge-4284	38	8	consolidations	consolidation	NOUN
ejge-4284	38	9	our	our	PRON
ejge-4284	38	10	contribution	contribution	NOUN
ejge-4284	38	11	is	be	AUX
ejge-4284	38	12	to	to	PART
ejge-4284	38	13	provide	provide	VERB
ejge-4284	38	14	a	a	DET
ejge-4284	38	15	systematic	systematic	ADJ
ejge-4284	38	16	and	and	CCONJ
ejge-4284	38	17	comprehensive	comprehensive	ADJ
ejge-4284	38	18	analysis	analysis	NOUN
ejge-4284	38	19	of	of	ADP
ejge-4284	38	20	candidate	candidate	NOUN
ejge-4284	38	21	determinants	determinant	NOUN
ejge-4284	38	22	of	of	ADP
ejge-4284	38	23	duration	duration	NOUN
ejge-4284	38	24	of	of	ADP
ejge-4284	38	25	fiscal	fiscal	ADJ
ejge-4284	38	26	consolidation	consolidation	NOUN
ejge-4284	38	27	applied	apply	VERB
ejge-4284	38	28	to	to	ADP
ejge-4284	38	29	20	20	NUM
ejge-4284	38	30	advanced	advanced	ADJ
ejge-4284	38	31	economies	economy	NOUN
ejge-4284	38	32	between	between	ADP
ejge-4284	38	33	1970	1970	NUM
ejge-4284	38	34	and	and	CCONJ
ejge-4284	38	35	2010	2010	NUM
ejge-4284	38	36	.	.	PUNCT
ejge-4284	39	1	we	we	PRON
ejge-4284	39	2	group	group	VERB
ejge-4284	39	3	the	the	DET
ejge-4284	39	4	potential	potential	ADJ
ejge-4284	39	5	main	main	ADJ
ejge-4284	39	6	factors	factor	NOUN
ejge-4284	39	7	–	–	PUNCT
ejge-4284	39	8	mostly	mostly	ADV
ejge-4284	39	9	justified	justify	VERB
ejge-4284	39	10	by	by	ADP
ejge-4284	39	11	the	the	DET
ejge-4284	39	12	literature	literature	NOUN
ejge-4284	39	13	as	as	ADP
ejge-4284	39	14	likely	likely	ADJ
ejge-4284	39	15	to	to	ADP
ejge-4284	39	16	sustaining	sustain	VERB
ejge-4284	39	17	consolidations	consolidation	NOUN
ejge-4284	39	18	–	–	PUNCT
ejge-4284	39	19	into	into	ADP
ejge-4284	39	20	three	three	NUM
ejge-4284	39	21	types	type	NOUN
ejge-4284	39	22	of	of	ADP
ejge-4284	39	23	variables	variable	NOUN
ejge-4284	39	24	(	(	PUNCT
ejge-4284	39	25	see	see	VERB
ejge-4284	39	26	overview	overview	NOUN
ejge-4284	39	27	table	table	NOUN
ejge-4284	39	28	1	1	NUM
ejge-4284	39	29	)	)	PUNCT
ejge-4284	39	30	.	.	PUNCT
ejge-4284	40	1	first	first	ADV
ejge-4284	40	2	,	,	PUNCT
ejge-4284	40	3	we	we	PRON
ejge-4284	40	4	refer	refer	VERB
ejge-4284	40	5	to	to	ADP
ejge-4284	40	6	the	the	DET
ejge-4284	40	7	“	"	PUNCT
ejge-4284	40	8	push	push	NOUN
ejge-4284	40	9	factors	factor	NOUN
ejge-4284	40	10	”	"	PUNCT
ejge-4284	40	11	,	,	PUNCT
ejge-4284	40	12	which	which	PRON
ejge-4284	40	13	act	act	VERB
ejge-4284	40	14	as	as	ADP
ejge-4284	40	15	circumstances	circumstance	NOUN
ejge-4284	40	16	where	where	SCONJ
ejge-4284	40	17	adjustment	adjustment	NOUN
ejge-4284	40	18	is	be	AUX
ejge-4284	40	19	likely	likely	ADJ
ejge-4284	40	20	to	to	PART
ejge-4284	40	21	start	start	VERB
ejge-4284	40	22	.	.	PUNCT
ejge-4284	41	1	lengthy	lengthy	ADJ
ejge-4284	41	2	consolidations	consolidation	NOUN
ejge-4284	41	3	are	be	AUX
ejge-4284	41	4	frequently	frequently	ADV
ejge-4284	41	5	‘	'	PUNCT
ejge-4284	41	6	forced	force	VERB
ejge-4284	41	7	’	'	PUNCT
ejge-4284	41	8	upon	upon	SCONJ
ejge-4284	41	9	governments	government	NOUN
ejge-4284	41	10	when	when	SCONJ
ejge-4284	41	11	fiscal	fiscal	ADJ
ejge-4284	41	12	deficits	deficit	NOUN
ejge-4284	41	13	and	and	CCONJ
ejge-4284	41	14	government	government	NOUN
ejge-4284	41	15	debt	debt	NOUN
ejge-4284	41	16	are	be	AUX
ejge-4284	41	17	large	large	ADJ
ejge-4284	41	18	,	,	PUNCT
ejge-4284	41	19	but	but	CCONJ
ejge-4284	41	20	also	also	ADV
ejge-4284	41	21	when	when	SCONJ
ejge-4284	41	22	the	the	DET
ejge-4284	41	23	interest	interest	NOUN
ejge-4284	41	24	burden	burden	NOUN
ejge-4284	41	25	is	be	AUX
ejge-4284	41	26	heavy	heavy	ADJ
ejge-4284	41	27	and	and	CCONJ
ejge-4284	41	28	long	long	ADJ
ejge-4284	41	29	-	-	PUNCT
ejge-4284	41	30	term	term	NOUN
ejge-4284	41	31	sovereign	sovereign	ADJ
ejge-4284	41	32	bond	bond	NOUN
ejge-4284	41	33	yields	yield	NOUN
ejge-4284	41	34	are	be	AUX
ejge-4284	41	35	elevated	elevate	VERB
ejge-4284	41	36	.	.	PUNCT
ejge-4284	42	1	second	second	ADJ
ejge-4284	42	2	,	,	PUNCT
ejge-4284	42	3	once	once	SCONJ
ejge-4284	42	4	consolidation	consolidation	NOUN
ejge-4284	42	5	has	have	AUX
ejge-4284	42	6	started	start	VERB
ejge-4284	42	7	we	we	PRON
ejge-4284	42	8	identify	identify	VERB
ejge-4284	42	9	the	the	DET
ejge-4284	42	10	“	"	PUNCT
ejge-4284	42	11	pull	pull	VERB
ejge-4284	42	12	”	"	PUNCT
ejge-4284	42	13	factors	factor	NOUN
ejge-4284	42	14	that	that	PRON
ejge-4284	42	15	sustain	sustain	VERB
ejge-4284	42	16	the	the	DET
ejge-4284	42	17	adjustment	adjustment	NOUN
ejge-4284	42	18	over	over	ADP
ejge-4284	42	19	time	time	NOUN
ejge-4284	42	20	.	.	PUNCT
ejge-4284	43	1	we	we	PRON
ejge-4284	43	2	separate	separate	VERB
ejge-4284	43	3	these	these	DET
ejge-4284	43	4	variables	variable	NOUN
ejge-4284	43	5	into	into	ADP
ejge-4284	43	6	two	two	NUM
ejge-4284	43	7	sets	set	NOUN
ejge-4284	43	8	:	:	PUNCT
ejge-4284	43	9	governments	government	NOUN
ejge-4284	43	10	’	'	PUNCT
ejge-4284	43	11	“	"	PUNCT
ejge-4284	43	12	capacity	capacity	NOUN
ejge-4284	43	13	”	"	PUNCT
ejge-4284	43	14	for	for	ADP
ejge-4284	43	15	action	action	NOUN
ejge-4284	43	16	,	,	PUNCT
ejge-4284	43	17	or	or	CCONJ
ejge-4284	43	18	in	in	ADP
ejge-4284	43	19	other	other	ADJ
ejge-4284	43	20	words	word	NOUN
ejge-4284	43	21	,	,	PUNCT
ejge-4284	43	22	a	a	DET
ejge-4284	43	23	wide	wide	ADJ
ejge-4284	43	24	range	range	NOUN
ejge-4284	43	25	of	of	ADP
ejge-4284	43	26	macroeconomic	macroeconomic	ADJ
ejge-4284	43	27	conditions	condition	NOUN
ejge-4284	43	28	that	that	PRON
ejge-4284	43	29	might	might	AUX
ejge-4284	43	30	enable	enable	VERB
ejge-4284	43	31	and	and	CCONJ
ejge-4284	43	32	facilitate	facilitate	VERB
ejge-4284	43	33	lengthy	lengthy	ADJ
ejge-4284	43	34	fiscal	fiscal	ADJ
ejge-4284	43	35	consolidation	consolidation	NOUN
ejge-4284	43	36	;	;	PUNCT
ejge-4284	43	37	and	and	CCONJ
ejge-4284	43	38	governments	government	NOUN
ejge-4284	43	39	’	'	PUNCT
ejge-4284	43	40	“	"	PUNCT
ejge-4284	43	41	commitment	commitment	NOUN
ejge-4284	43	42	”	"	PUNCT
ejge-4284	43	43	,	,	PUNCT
ejge-4284	43	44	or	or	CCONJ
ejge-4284	43	45	the	the	DET
ejge-4284	43	46	fiscal	fiscal	ADJ
ejge-4284	43	47	policy	policy	NOUN
ejge-4284	43	48	and	and	CCONJ
ejge-4284	43	49	political	political	ADJ
ejge-4284	43	50	factors	factor	NOUN
ejge-4284	43	51	that	that	PRON
ejge-4284	43	52	might	might	AUX
ejge-4284	43	53	support	support	VERB
ejge-4284	43	54	governments	government	NOUN
ejge-4284	43	55	’	’	PART
ejge-4284	43	56	willingness	willingness	NOUN
ejge-4284	43	57	to	to	PART
ejge-4284	43	58	pursue	pursue	VERB
ejge-4284	43	59	painful	painful	ADJ
ejge-4284	43	60	consolidations	consolidation	NOUN
ejge-4284	43	61	.	.	PUNCT
ejge-4284	44	1	other	other	ADJ
ejge-4284	44	2	papers	paper	NOUN
ejge-4284	44	3	have	have	AUX
ejge-4284	44	4	already	already	ADV
ejge-4284	44	5	analysed	analyse	VERB
ejge-4284	44	6	,	,	PUNCT
ejge-4284	44	7	mostly	mostly	ADV
ejge-4284	44	8	using	use	VERB
ejge-4284	44	9	regressions	regression	NOUN
ejge-4284	44	10	but	but	CCONJ
ejge-4284	44	11	also	also	ADV
ejge-4284	44	12	duration	duration	NOUN
ejge-4284	44	13	analyses,4	analyses,4	NOUN
ejge-4284	44	14	simultaneously	simultaneously	ADV
ejge-4284	44	15	several	several	ADJ
ejge-4284	44	16	factors	factor	NOUN
ejge-4284	44	17	sustaining	sustain	VERB
ejge-4284	44	18	consolidation	consolidation	NOUN
ejge-4284	44	19	in	in	ADP
ejge-4284	44	20	a	a	DET
ejge-4284	44	21	comprehensive	comprehensive	ADJ
ejge-4284	44	22	way	way	NOUN
ejge-4284	44	23	.	.	PUNCT
ejge-4284	45	1	however	however	ADV
ejge-4284	45	2	,	,	PUNCT
ejge-4284	45	3	as	as	SCONJ
ejge-4284	45	4	explained	explain	VERB
ejge-4284	45	5	in	in	ADP
ejge-4284	45	6	the	the	DET
ejge-4284	45	7	remainder	remainder	NOUN
ejge-4284	45	8	of	of	ADP
ejge-4284	45	9	this	this	DET
ejge-4284	45	10	section	section	NOUN
ejge-4284	45	11	,	,	PUNCT
ejge-4284	45	12	the	the	DET
ejge-4284	45	13	emphasis	emphasis	NOUN
ejge-4284	45	14	has	have	AUX
ejge-4284	45	15	been	be	AUX
ejge-4284	45	16	largely	largely	ADV
ejge-4284	45	17	on	on	ADP
ejge-4284	45	18	the	the	DET
ejge-4284	45	19	fiscal	fiscal	ADJ
ejge-4284	45	20	policy	policy	NOUN
ejge-4284	45	21	and	and	CCONJ
ejge-4284	45	22	political	political	ADJ
ejge-4284	45	23	factors	factor	NOUN
ejge-4284	45	24	that	that	PRON
ejge-4284	45	25	affect	affect	VERB
ejge-4284	45	26	consolidations	consolidation	NOUN
ejge-4284	45	27	.	.	PUNCT
ejge-4284	46	1	papers	paper	NOUN
ejge-4284	46	2	that	that	PRON
ejge-4284	46	3	also	also	ADV
ejge-4284	46	4	consider	consider	VERB
ejge-4284	46	5	the	the	DET
ejge-4284	46	6	macroeconomic	macroeconomic	ADJ
ejge-4284	46	7	conditions	condition	NOUN
ejge-4284	46	8	are	be	AUX
ejge-4284	46	9	typically	typically	ADV
ejge-4284	46	10	limited	limit	VERB
ejge-4284	46	11	to	to	ADP
ejge-4284	46	12	analysing	analyse	VERB
ejge-4284	46	13	the	the	DET
ejge-4284	46	14	evolution	evolution	NOUN
ejge-4284	46	15	of	of	ADP
ejge-4284	46	16	the	the	DET
ejge-4284	46	17	growth	growth	NOUN
ejge-4284	46	18	rate	rate	NOUN
ejge-4284	46	19	of	of	ADP
ejge-4284	46	20	gdp	gdp	NOUN
ejge-4284	46	21	or	or	CCONJ
ejge-4284	46	22	output	output	NOUN
ejge-4284	46	23	gap	gap	NOUN
ejge-4284	46	24	.	.	PUNCT
ejge-4284	47	1	some	some	DET
ejge-4284	47	2	studies	study	NOUN
ejge-4284	47	3	have	have	AUX
ejge-4284	47	4	extended	extend	VERB
ejge-4284	47	5	the	the	DET
ejge-4284	47	6	analysis	analysis	NOUN
ejge-4284	47	7	of	of	ADP
ejge-4284	47	8	economic	economic	ADJ
ejge-4284	47	9	conditions	condition	NOUN
ejge-4284	47	10	to	to	ADP
ejge-4284	47	11	other	other	ADJ
ejge-4284	47	12	variables	variable	NOUN
ejge-4284	47	13	–	–	PUNCT
ejge-4284	47	14	competitiveness	competitiveness	NOUN
ejge-4284	47	15	,	,	PUNCT
ejge-4284	47	16	the	the	DET
ejge-4284	47	17	international	international	ADJ
ejge-4284	47	18	economic	economic	ADJ
ejge-4284	47	19	environment	environment	NOUN
ejge-4284	47	20	,	,	PUNCT
ejge-4284	47	21	or	or	CCONJ
ejge-4284	47	22	monetary	monetary	ADJ
ejge-4284	47	23	conditions	condition	NOUN
ejge-4284	47	24	–	–	PUNCT
ejge-4284	47	25	but	but	CCONJ
ejge-4284	47	26	there	there	PRON
ejge-4284	47	27	has	have	AUX
ejge-4284	47	28	been	be	AUX
ejge-4284	47	29	a	a	DET
ejge-4284	47	30	clear	clear	ADJ
ejge-4284	47	31	gap	gap	NOUN
ejge-4284	47	32	in	in	ADP
ejge-4284	47	33	empirical	empirical	ADJ
ejge-4284	47	34	research	research	NOUN
ejge-4284	47	35	on	on	ADP
ejge-4284	47	36	the	the	DET
ejge-4284	47	37	role	role	NOUN
ejge-4284	47	38	of	of	ADP
ejge-4284	47	39	financial	financial	ADJ
ejge-4284	47	40	or	or	CCONJ
ejge-4284	47	41	private	private	ADJ
ejge-4284	47	42	sector	sector	NOUN
ejge-4284	47	43	balance	balance	NOUN
ejge-4284	47	44	sheets	sheet	NOUN
ejge-4284	47	45	in	in	ADP
ejge-4284	47	46	sustaining	sustain	VERB
ejge-4284	47	47	fiscal	fiscal	ADJ
ejge-4284	47	48	consolidations	consolidation	NOUN
ejge-4284	47	49	.	.	PUNCT
ejge-4284	48	1	3	3	NUM
ejge-4284	48	2	the	the	DET
ejge-4284	48	3	survival	survival	NOUN
ejge-4284	48	4	analysis	analysis	NOUN
ejge-4284	48	5	comes	come	VERB
ejge-4284	48	6	originally	originally	ADV
ejge-4284	48	7	from	from	ADP
ejge-4284	48	8	medical	medical	ADJ
ejge-4284	48	9	research	research	NOUN
ejge-4284	48	10	,	,	PUNCT
ejge-4284	48	11	but	but	CCONJ
ejge-4284	48	12	it	it	PRON
ejge-4284	48	13	started	start	VERB
ejge-4284	48	14	to	to	PART
ejge-4284	48	15	be	be	AUX
ejge-4284	48	16	applied	apply	VERB
ejge-4284	48	17	in	in	ADP
ejge-4284	48	18	socioeconomic	socioeconomic	ADJ
ejge-4284	48	19	research	research	NOUN
ejge-4284	48	20	in	in	ADP
ejge-4284	48	21	the	the	DET
ejge-4284	48	22	1970s	1970	NOUN
ejge-4284	48	23	and	and	CCONJ
ejge-4284	48	24	1980s	1980	NOUN
ejge-4284	48	25	to	to	PART
ejge-4284	48	26	plausibly	plausibly	ADV
ejge-4284	48	27	model	model	VERB
ejge-4284	48	28	the	the	DET
ejge-4284	48	29	behaviour	behaviour	NOUN
ejge-4284	48	30	of	of	ADP
ejge-4284	48	31	complex	complex	ADJ
ejge-4284	48	32	issues	issue	NOUN
ejge-4284	48	33	–	–	PUNCT
ejge-4284	48	34	also	also	ADV
ejge-4284	48	35	denominated	denominate	VERB
ejge-4284	48	36	duration	duration	NOUN
ejge-4284	48	37	analysis	analysis	NOUN
ejge-4284	48	38	.	.	PUNCT
ejge-4284	49	1	for	for	ADP
ejge-4284	49	2	instance	instance	NOUN
ejge-4284	49	3	,	,	PUNCT
ejge-4284	49	4	in	in	ADP
ejge-4284	49	5	labour	labour	ADJ
ejge-4284	49	6	economics	economic	NOUN
ejge-4284	49	7	,	,	PUNCT
ejge-4284	49	8	empirical	empirical	ADJ
ejge-4284	49	9	questions	question	NOUN
ejge-4284	49	10	about	about	ADP
ejge-4284	49	11	employment	employment	NOUN
ejge-4284	49	12	can	can	AUX
ejge-4284	49	13	be	be	AUX
ejge-4284	49	14	specified	specify	VERB
ejge-4284	49	15	in	in	ADP
ejge-4284	49	16	the	the	DET
ejge-4284	49	17	language	language	NOUN
ejge-4284	49	18	of	of	ADP
ejge-4284	49	19	hazard	hazard	NOUN
ejge-4284	49	20	functions	function	NOUN
ejge-4284	49	21	such	such	ADJ
ejge-4284	49	22	as	as	ADP
ejge-4284	49	23	the	the	PRON
ejge-4284	49	24	longer	long	ADJ
ejge-4284	49	25	a	a	DET
ejge-4284	49	26	job	job	NOUN
ejge-4284	49	27	is	be	AUX
ejge-4284	49	28	held	hold	VERB
ejge-4284	49	29	,	,	PUNCT
ejge-4284	49	30	the	the	PRON
ejge-4284	49	31	less	less	ADV
ejge-4284	49	32	likely	likely	ADJ
ejge-4284	49	33	it	it	PRON
ejge-4284	49	34	is	be	AUX
ejge-4284	49	35	to	to	PART
ejge-4284	49	36	be	be	AUX
ejge-4284	49	37	lost	lose	VERB
ejge-4284	49	38	(	(	PUNCT
ejge-4284	49	39	kiefer	kiefer	NOUN
ejge-4284	49	40	,	,	PUNCT
ejge-4284	49	41	1988	1988	NUM
ejge-4284	49	42	)	)	PUNCT
ejge-4284	49	43	or	or	CCONJ
ejge-4284	49	44	,	,	PUNCT
ejge-4284	49	45	in	in	ADP
ejge-4284	49	46	housing	housing	NOUN
ejge-4284	49	47	markets	market	NOUN
ejge-4284	49	48	to	to	PART
ejge-4284	49	49	analyse	analyse	VERB
ejge-4284	49	50	the	the	DET
ejge-4284	49	51	duration	duration	NOUN
ejge-4284	49	52	of	of	ADP
ejge-4284	49	53	house	house	NOUN
ejge-4284	49	54	price	price	NOUN
ejge-4284	49	55	upturns	upturn	NOUN
ejge-4284	49	56	and	and	CCONJ
ejge-4284	49	57	downturns	downturn	NOUN
ejge-4284	49	58	(	(	PUNCT
ejge-4284	49	59	bracke	bracke	NOUN
ejge-4284	49	60	,	,	PUNCT
ejge-4284	49	61	2011	2011	NUM
ejge-4284	49	62	)	)	PUNCT
ejge-4284	49	63	.	.	PUNCT
ejge-4284	50	1	4	4	NUM
ejge-4284	50	2	although	although	SCONJ
ejge-4284	50	3	duration	duration	NOUN
ejge-4284	50	4	analysis	analysis	NOUN
ejge-4284	50	5	techniques	technique	NOUN
ejge-4284	50	6	have	have	AUX
ejge-4284	50	7	already	already	ADV
ejge-4284	50	8	been	be	AUX
ejge-4284	50	9	applied	apply	VERB
ejge-4284	50	10	to	to	PART
ejge-4284	50	11	study	study	VERB
ejge-4284	50	12	the	the	DET
ejge-4284	50	13	persistence	persistence	NOUN
ejge-4284	50	14	of	of	ADP
ejge-4284	50	15	fiscal	fiscal	ADJ
ejge-4284	50	16	consolidations	consolidation	NOUN
ejge-4284	50	17	,	,	PUNCT
ejge-4284	50	18	some	some	DET
ejge-4284	50	19	related	related	ADJ
ejge-4284	50	20	studies	study	NOUN
ejge-4284	50	21	apply	apply	VERB
ejge-4284	50	22	different	different	ADJ
ejge-4284	50	23	sample	sample	NOUN
ejge-4284	50	24	period	period	NOUN
ejge-4284	50	25	and	and	CCONJ
ejge-4284	50	26	countries	country	NOUN
ejge-4284	50	27	(	(	PUNCT
ejge-4284	50	28	e.g.	e.g.	ADV
ejge-4284	50	29	eu-15	eu-15	ADJ
ejge-4284	50	30	countries	country	NOUN
ejge-4284	50	31	during	during	ADP
ejge-4284	50	32	1960	1960	NUM
ejge-4284	50	33	-	-	SYM
ejge-4284	50	34	2004	2004	NUM
ejge-4284	50	35	by	by	ADP
ejge-4284	50	36	maroto	maroto	PROPN
ejge-4284	50	37	illera	illera	PROPN
ejge-4284	50	38	and	and	CCONJ
ejge-4284	50	39	mulas	mulas	PROPN
ejge-4284	50	40	-	-	PUNCT
ejge-4284	50	41	granados	granados	PROPN
ejge-4284	50	42	(	(	PUNCT
ejge-4284	50	43	2008	2008	NUM
ejge-4284	50	44	)	)	PUNCT
ejge-4284	50	45	;	;	PUNCT
ejge-4284	50	46	or	or	CCONJ
ejge-4284	50	47	25	25	NUM
ejge-4284	50	48	emerging	emerge	VERB
ejge-4284	50	49	countries	country	NOUN
ejge-4284	50	50	during	during	ADP
ejge-4284	50	51	19802001	19802001	NUM
ejge-4284	50	52	by	by	ADP
ejge-4284	50	53	gupta	gupta	PROPN
ejge-4284	50	54	et	et	PROPN
ejge-4284	50	55	.	.	PUNCT
ejge-4284	51	1	al	al	PROPN
ejge-4284	51	2	(	(	PUNCT
ejge-4284	51	3	2004	2004	NUM
ejge-4284	51	4	)	)	PUNCT
ejge-4284	51	5	)	)	PUNCT
ejge-4284	51	6	.	.	PUNCT
ejge-4284	52	1	european	european	PROPN
ejge-4284	52	2	journal	journal	PROPN
ejge-4284	52	3	of	of	ADP
ejge-4284	52	4	government	government	NOUN
ejge-4284	52	5	and	and	CCONJ
ejge-4284	52	6	economics	economic	NOUN
ejge-4284	52	7	2(1	2(1	NUM
ejge-4284	52	8	)	)	PUNCT
ejge-4284	52	9	8	8	NUM
ejge-4284	52	10	table	table	NOUN
ejge-4284	52	11	1	1	NUM
ejge-4284	52	12	:	:	PUNCT
ejge-4284	52	13	candidate	candidate	NOUN
ejge-4284	52	14	determinants	determinant	NOUN
ejge-4284	52	15	explaining	explain	VERB
ejge-4284	52	16	the	the	DET
ejge-4284	52	17	length	length	NOUN
ejge-4284	52	18	of	of	ADP
ejge-4284	52	19	fiscal	fiscal	ADJ
ejge-4284	52	20	consolidation	consolidation	NOUN
ejge-4284	52	21	episodes	episode	NOUN
ejge-4284	52	22	variables	variable	VERB
ejge-4284	52	23	indicators	indicator	NOUN
ejge-4284	52	24	budget	budget	NOUN
ejge-4284	52	25	balance	balance	NOUN
ejge-4284	52	26	position	position	NOUN
ejge-4284	52	27	initial	initial	ADJ
ejge-4284	52	28	primary	primary	ADJ
ejge-4284	52	29	budget	budget	NOUN
ejge-4284	52	30	balance	balance	NOUN
ejge-4284	52	31	government	government	NOUN
ejge-4284	52	32	indebtedness	indebtedness	NOUN
ejge-4284	52	33	initial	initial	ADJ
ejge-4284	52	34	stock	stock	NOUN
ejge-4284	52	35	government	government	NOUN
ejge-4284	52	36	debt	debt	NOUN
ejge-4284	52	37	-	-	PUNCT
ejge-4284	52	38	to	to	ADP
ejge-4284	52	39	-	-	PUNCT
ejge-4284	52	40	gdp	gdp	NOUN
ejge-4284	52	41	ratio	ratio	NOUN
ejge-4284	52	42	p	p	PROPN
ejge-4284	52	43	u	u	PROPN
ejge-4284	52	44	s	s	PROPN
ejge-4284	52	45	h	h	NOUN
ejge-4284	52	46	f	f	PROPN
ejge-4284	53	1	a	a	DET
ejge-4284	53	2	c	c	NOUN
ejge-4284	53	3	t	t	NOUN
ejge-4284	53	4	o	o	NOUN
ejge-4284	53	5	r	r	NOUN
ejge-4284	53	6	s	s	PROPN
ejge-4284	53	7	p	p	X
ejge-4284	53	8	re	re	ADP
ejge-4284	53	9	-c	-c	NOUN
ejge-4284	53	10	on	on	ADP
ejge-4284	53	11	di	di	X
ejge-4284	53	12	tio	tio	NOUN
ejge-4284	53	13	ns	ns	NUM
ejge-4284	53	14	cost	cost	NOUN
ejge-4284	53	15	of	of	ADP
ejge-4284	53	16	financing	finance	VERB
ejge-4284	53	17	government	government	NOUN
ejge-4284	53	18	interest	interest	NOUN
ejge-4284	53	19	payments	payment	NOUN
ejge-4284	53	20	short	short	ADJ
ejge-4284	53	21	-	-	PUNCT
ejge-4284	53	22	term	term	NOUN
ejge-4284	53	23	interest	interest	NOUN
ejge-4284	53	24	rate	rate	NOUN
ejge-4284	53	25	long	long	ADJ
ejge-4284	53	26	-	-	PUNCT
ejge-4284	53	27	term	term	NOUN
ejge-4284	53	28	bond	bond	NOUN
ejge-4284	53	29	yields	yield	VERB
ejge-4284	53	30	growth	growth	NOUN
ejge-4284	53	31	gdp	gdp	NOUN
ejge-4284	53	32	monetary	monetary	ADJ
ejge-4284	53	33	conditions	condition	NOUN
ejge-4284	53	34	inflation	inflation	NOUN
ejge-4284	53	35	rate	rate	NOUN
ejge-4284	53	36	interest	interest	NOUN
ejge-4284	53	37	rate	rate	NOUN
ejge-4284	53	38	external	external	ADJ
ejge-4284	53	39	positions	position	NOUN
ejge-4284	53	40	current	current	ADJ
ejge-4284	53	41	account	account	NOUN
ejge-4284	53	42	balance	balance	NOUN
ejge-4284	53	43	international	international	ADJ
ejge-4284	53	44	economic	economic	ADJ
ejge-4284	53	45	conditions	condition	NOUN
ejge-4284	53	46	world	world	NOUN
ejge-4284	53	47	gdp	gdp	NOUN
ejge-4284	53	48	competitiveness	competitiveness	NOUN
ejge-4284	53	49	real	real	ADJ
ejge-4284	53	50	exchange	exchange	NOUN
ejge-4284	53	51	rate	rate	NOUN
ejge-4284	53	52	unit	unit	NOUN
ejge-4284	53	53	labour	labour	PROPN
ejge-4284	53	54	cost	cost	VERB
ejge-4284	53	55	private	private	ADJ
ejge-4284	53	56	sector	sector	NOUN
ejge-4284	53	57	balance	balance	NOUN
ejge-4284	53	58	sheets	sheet	NOUN
ejge-4284	53	59	stock	stock	NOUN
ejge-4284	53	60	of	of	ADP
ejge-4284	53	61	private	private	ADJ
ejge-4284	53	62	debt	debt	NOUN
ejge-4284	53	63	private	private	ADJ
ejge-4284	53	64	sector	sector	NOUN
ejge-4284	53	65	saving	save	VERB
ejge-4284	53	66	private	private	ADJ
ejge-4284	53	67	sector	sector	NOUN
ejge-4284	53	68	net	net	NOUN
ejge-4284	53	69	lending	lending	NOUN
ejge-4284	53	70	c	c	PROPN
ejge-4284	53	71	ap	ap	PROPN
ejge-4284	53	72	ac	ac	PROPN
ejge-4284	53	73	ity	ity	PROPN
ejge-4284	53	74	financial	financial	ADJ
ejge-4284	53	75	conditions	condition	NOUN
ejge-4284	53	76	and	and	CCONJ
ejge-4284	53	77	financial	financial	ADJ
ejge-4284	53	78	imbalances	imbalance	NOUN
ejge-4284	53	79	asset	asset	NOUN
ejge-4284	53	80	price	price	NOUN
ejge-4284	53	81	developments	development	NOUN
ejge-4284	53	82	credit	credit	NOUN
ejge-4284	53	83	growth	growth	NOUN
ejge-4284	53	84	financial	financial	ADJ
ejge-4284	53	85	crisis	crisis	NOUN
ejge-4284	53	86	dummy	dummy	ADJ
ejge-4284	53	87	variable	variable	ADJ
ejge-4284	53	88	composition	composition	NOUN
ejge-4284	53	89	of	of	ADP
ejge-4284	53	90	consolidation	consolidation	NOUN
ejge-4284	53	91	consolidation	consolidation	NOUN
ejge-4284	53	92	on	on	ADP
ejge-4284	53	93	the	the	DET
ejge-4284	53	94	revenue	revenue	NOUN
ejge-4284	53	95	side	side	NOUN
ejge-4284	53	96	versus	versus	ADP
ejge-4284	53	97	consolidation	consolidation	NOUN
ejge-4284	53	98	on	on	ADP
ejge-4284	53	99	the	the	DET
ejge-4284	53	100	expenditure	expenditure	NOUN
ejge-4284	53	101	side	side	NOUN
ejge-4284	53	102	pace	pace	NOUN
ejge-4284	53	103	of	of	ADP
ejge-4284	53	104	adjustment	adjustment	NOUN
ejge-4284	53	105	size	size	NOUN
ejge-4284	53	106	of	of	ADP
ejge-4284	53	107	the	the	DET
ejge-4284	53	108	adjustment	adjustment	NOUN
ejge-4284	53	109	effort	effort	NOUN
ejge-4284	53	110	degree	degree	NOUN
ejge-4284	53	111	of	of	ADP
ejge-4284	53	112	frontloading	frontloade	VERB
ejge-4284	53	113	fiscal	fiscal	ADJ
ejge-4284	53	114	rules	rule	NOUN
ejge-4284	53	115	expenditure	expenditure	NOUN
ejge-4284	53	116	rules	rule	NOUN
ejge-4284	53	117	budget	budget	NOUN
ejge-4284	53	118	balance	balance	NOUN
ejge-4284	53	119	rules	rule	VERB
ejge-4284	53	120	strength	strength	NOUN
ejge-4284	53	121	of	of	ADP
ejge-4284	53	122	the	the	DET
ejge-4284	53	123	fiscal	fiscal	ADJ
ejge-4284	53	124	rules	rule	NOUN
ejge-4284	53	125	durability	durability	NOUN
ejge-4284	53	126	of	of	ADP
ejge-4284	53	127	the	the	DET
ejge-4284	53	128	adjustment	adjustment	NOUN
ejge-4284	53	129	structural	structural	ADJ
ejge-4284	53	130	consolidation	consolidation	NOUN
ejge-4284	53	131	versus	versus	ADP
ejge-4284	53	132	temporary	temporary	ADJ
ejge-4284	53	133	and	and	CCONJ
ejge-4284	53	134	one	one	NUM
ejge-4284	53	135	-	-	PUNCT
ejge-4284	53	136	offs	off	NOUN
ejge-4284	54	1	p	p	NOUN
ejge-4284	54	2	u	u	X
ejge-4284	54	3	ll	ll	NOUN
ejge-4284	54	4	f	f	PROPN
ejge-4284	55	1	a	a	DET
ejge-4284	55	2	c	c	NOUN
ejge-4284	55	3	t	t	NOUN
ejge-4284	56	1	o	o	NOUN
ejge-4284	56	2	r	r	NOUN
ejge-4284	56	3	s	s	NOUN
ejge-4284	56	4	c	c	NOUN
ejge-4284	56	5	om	om	PROPN
ejge-4284	56	6	m	m	PROPN
ejge-4284	56	7	itm	itm	PROPN
ejge-4284	56	8	en	en	PROPN
ejge-4284	56	9	t	t	PROPN
ejge-4284	56	10	political	political	ADJ
ejge-4284	56	11	factors	factor	NOUN
ejge-4284	56	12	elections	election	NOUN
ejge-4284	56	13	,	,	PUNCT
ejge-4284	56	14	as	as	ADP
ejge-4284	56	15	dummy	dummy	ADJ
ejge-4284	56	16	variable	variable	ADJ
ejge-4284	56	17	source	source	NOUN
ejge-4284	56	18	:	:	PUNCT
ejge-4284	56	19	authors	author	NOUN
ejge-4284	56	20	’	'	PUNCT
ejge-4284	56	21	classification	classification	NOUN
ejge-4284	56	22	based	base	VERB
ejge-4284	56	23	on	on	ADP
ejge-4284	56	24	european	european	PROPN
ejge-4284	56	25	commission	commission	PROPN
ejge-4284	56	26	(	(	PUNCT
ejge-4284	56	27	2007	2007	NUM
ejge-4284	56	28	)	)	PUNCT
ejge-4284	56	29	,	,	PUNCT
ejge-4284	56	30	and	and	CCONJ
ejge-4284	56	31	the	the	DET
ejge-4284	56	32	references	reference	NOUN
ejge-4284	56	33	quoted	quote	VERB
ejge-4284	56	34	therein	therein	ADV
ejge-4284	56	35	.	.	PUNCT
ejge-4284	57	1	although	although	SCONJ
ejge-4284	57	2	there	there	PRON
ejge-4284	57	3	is	be	VERB
ejge-4284	57	4	no	no	DET
ejge-4284	57	5	consensus	consensus	NOUN
ejge-4284	57	6	or	or	CCONJ
ejge-4284	57	7	theoretical	theoretical	ADJ
ejge-4284	57	8	model	model	NOUN
ejge-4284	57	9	of	of	ADP
ejge-4284	57	10	reference5	reference5	NOUN
ejge-4284	57	11	on	on	ADP
ejge-4284	57	12	the	the	DET
ejge-4284	57	13	determinants	determinant	NOUN
ejge-4284	57	14	driving	drive	VERB
ejge-4284	57	15	“	"	PUNCT
ejge-4284	57	16	successful	successful	ADJ
ejge-4284	57	17	”	"	PUNCT
ejge-4284	57	18	consolidations	consolidation	NOUN
ejge-4284	57	19	a	a	DET
ejge-4284	57	20	central	central	ADJ
ejge-4284	57	21	focus	focus	NOUN
ejge-4284	57	22	of	of	ADP
ejge-4284	57	23	the	the	DET
ejge-4284	57	24	literature	literature	NOUN
ejge-4284	57	25	has	have	AUX
ejge-4284	57	26	been	be	AUX
ejge-4284	57	27	the	the	DET
ejge-4284	57	28	fiscal	fiscal	ADJ
ejge-4284	57	29	factors	factor	NOUN
ejge-4284	57	30	.	.	PUNCT
ejge-4284	58	1	most	most	ADJ
ejge-4284	58	2	papers	paper	NOUN
ejge-4284	58	3	note	note	VERB
ejge-4284	58	4	the	the	DET
ejge-4284	58	5	role	role	NOUN
ejge-4284	58	6	of	of	ADP
ejge-4284	58	7	initial	initial	ADJ
ejge-4284	58	8	fiscal	fiscal	ADJ
ejge-4284	58	9	conditions	condition	NOUN
ejge-4284	58	10	,	,	PUNCT
ejge-4284	58	11	in	in	ADP
ejge-4284	58	12	particular	particular	ADJ
ejge-4284	58	13	the	the	DET
ejge-4284	58	14	influence	influence	NOUN
ejge-4284	58	15	of	of	ADP
ejge-4284	58	16	high	high	ADJ
ejge-4284	58	17	initial	initial	ADJ
ejge-4284	58	18	debt	debt	NOUN
ejge-4284	58	19	or	or	CCONJ
ejge-4284	58	20	large	large	ADJ
ejge-4284	58	21	fiscal	fiscal	ADJ
ejge-4284	58	22	deficits	deficit	NOUN
ejge-4284	58	23	(	(	PUNCT
ejge-4284	58	24	e.g.	e.g.	ADV
ejge-4284	58	25	european	european	ADJ
ejge-4284	58	26	commission	commission	PROPN
ejge-4284	58	27	(	(	PUNCT
ejge-4284	58	28	2007	2007	NUM
ejge-4284	58	29	)	)	PUNCT
ejge-4284	58	30	;	;	PUNCT
ejge-4284	58	31	devries	devries	PROPN
ejge-4284	58	32	,	,	PUNCT
ejge-4284	58	33	guajardo	guajardo	PROPN
ejge-4284	58	34	,	,	PUNCT
ejge-4284	58	35	leigh	leigh	NOUN
ejge-4284	58	36	and	and	CCONJ
ejge-4284	58	37	pescatori	pescatori	NOUN
ejge-4284	58	38	(	(	PUNCT
ejge-4284	58	39	2011	2011	NUM
ejge-4284	58	40	)	)	PUNCT
ejge-4284	58	41	)	)	PUNCT
ejge-4284	58	42	.	.	PUNCT
ejge-4284	59	1	also	also	ADV
ejge-4284	59	2	guichard	guichard	VERB
ejge-4284	59	3	et	et	PROPN
ejge-4284	59	4	al	al	PROPN
ejge-4284	59	5	.	.	PUNCT
ejge-4284	60	1	(	(	PUNCT
ejge-4284	60	2	2007	2007	NUM
ejge-4284	60	3	)	)	PUNCT
ejge-4284	60	4	conclude	conclude	VERB
ejge-4284	60	5	that	that	SCONJ
ejge-4284	60	6	fiscal	fiscal	ADJ
ejge-4284	60	7	consolidations	consolidation	NOUN
ejge-4284	60	8	tend	tend	VERB
ejge-4284	60	9	to	to	PART
ejge-4284	60	10	occur	occur	VERB
ejge-4284	60	11	when	when	SCONJ
ejge-4284	60	12	large	large	ADJ
ejge-4284	60	13	budget	budget	NOUN
ejge-4284	60	14	deficits	deficit	NOUN
ejge-4284	60	15	threaten	threaten	VERB
ejge-4284	60	16	sustainability	sustainability	NOUN
ejge-4284	60	17	.	.	PUNCT
ejge-4284	61	1	this	this	PRON
ejge-4284	61	2	is	be	AUX
ejge-4284	61	3	reflected	reflect	VERB
ejge-4284	61	4	in	in	ADP
ejge-4284	61	5	the	the	DET
ejge-4284	61	6	“	"	PUNCT
ejge-4284	61	7	pre	pre	NOUN
ejge-4284	61	8	-	-	NOUN
ejge-4284	61	9	conditions	condition	NOUN
ejge-4284	61	10	”	"	PUNCT
ejge-4284	61	11	in	in	ADP
ejge-4284	61	12	table	table	NOUN
ejge-4284	61	13	1	1	NUM
ejge-4284	61	14	.	.	PUNCT
ejge-4284	62	1	under	under	ADP
ejge-4284	62	2	“	"	PUNCT
ejge-4284	62	3	commitment	commitment	NOUN
ejge-4284	62	4	”	"	PUNCT
ejge-4284	62	5	we	we	PRON
ejge-4284	62	6	include	include	VERB
ejge-4284	62	7	the	the	DET
ejge-4284	62	8	composition	composition	NOUN
ejge-4284	62	9	of	of	ADP
ejge-4284	62	10	the	the	DET
ejge-4284	62	11	fiscal	fiscal	ADJ
ejge-4284	62	12	consolidation	consolidation	NOUN
ejge-4284	62	13	as	as	SCONJ
ejge-4284	62	14	its	its	PRON
ejge-4284	62	15	role	role	NOUN
ejge-4284	62	16	has	have	AUX
ejge-4284	62	17	been	be	AUX
ejge-4284	62	18	strongly	strongly	ADV
ejge-4284	62	19	highlighted	highlight	VERB
ejge-4284	62	20	by	by	ADP
ejge-4284	62	21	the	the	DET
ejge-4284	62	22	literature	literature	NOUN
ejge-4284	62	23	on	on	ADP
ejge-4284	62	24	past	past	ADJ
ejge-4284	62	25	consolidations	consolidation	NOUN
ejge-4284	62	26	.	.	PUNCT
ejge-4284	63	1	in	in	ADP
ejge-4284	63	2	particular	particular	ADJ
ejge-4284	63	3	,	,	PUNCT
ejge-4284	63	4	there	there	PRON
ejge-4284	63	5	is	be	VERB
ejge-4284	63	6	a	a	DET
ejge-4284	63	7	general	general	ADJ
ejge-4284	63	8	preference	preference	NOUN
ejge-4284	63	9	for	for	ADP
ejge-4284	63	10	the	the	DET
ejge-4284	63	11	expenditure	expenditure	NOUN
ejge-4284	63	12	-	-	PUNCT
ejge-4284	63	13	based	base	VERB
ejge-4284	63	14	adjustment	adjustment	NOUN
ejge-4284	63	15	over	over	ADP
ejge-4284	63	16	tax	tax	NOUN
ejge-4284	63	17	hikes	hike	NOUN
ejge-4284	63	18	.	.	PUNCT
ejge-4284	64	1	von	von	PROPN
ejge-4284	64	2	hagen	hagen	PROPN
ejge-4284	64	3	and	and	CCONJ
ejge-4284	64	4	strauch	strauch	PROPN
ejge-4284	64	5	(	(	PUNCT
ejge-4284	64	6	2001	2001	NUM
ejge-4284	64	7	)	)	PUNCT
ejge-4284	64	8	,	,	PUNCT
ejge-4284	64	9	for	for	ADP
ejge-4284	64	10	example	example	NOUN
ejge-4284	64	11	,	,	PUNCT
ejge-4284	64	12	conclude	conclude	VERB
ejge-4284	64	13	that	that	SCONJ
ejge-4284	64	14	the	the	DET
ejge-4284	64	15	‘	'	PUNCT
ejge-4284	64	16	good	good	ADJ
ejge-4284	64	17	quality	quality	NOUN
ejge-4284	64	18	’	'	PUNCT
ejge-4284	64	19	of	of	ADP
ejge-4284	64	20	fiscal	fiscal	ADJ
ejge-4284	64	21	adjustments	adjustment	NOUN
ejge-4284	64	22	–	–	PUNCT
ejge-4284	64	23	i.e.	i.e.	X
ejge-4284	64	24	the	the	DET
ejge-4284	64	25	emphasis	emphasis	NOUN
ejge-4284	64	26	on	on	ADP
ejge-4284	64	27	expenditure	expenditure	NOUN
ejge-4284	64	28	reduction	reduction	NOUN
ejge-4284	64	29	rather	rather	ADV
ejge-4284	64	30	than	than	ADP
ejge-4284	64	31	tax	tax	NOUN
ejge-4284	64	32	increases	increase	NOUN
ejge-4284	64	33	–	–	PUNCT
ejge-4284	64	34	has	have	VERB
ejge-4284	64	35	an	an	DET
ejge-4284	64	36	important	important	ADJ
ejge-4284	64	37	effect	effect	NOUN
ejge-4284	64	38	on	on	ADP
ejge-4284	64	39	the	the	DET
ejge-4284	64	40	persistence	persistence	NOUN
ejge-4284	64	41	of	of	ADP
ejge-4284	64	42	consolidations	consolidation	NOUN
ejge-4284	64	43	.	.	PUNCT
ejge-4284	65	1	the	the	DET
ejge-4284	65	2	literature	literature	NOUN
ejge-4284	65	3	appears	appear	VERB
ejge-4284	65	4	to	to	PART
ejge-4284	65	5	emphasise	emphasise	VERB
ejge-4284	65	6	the	the	DET
ejge-4284	65	7	effectiveness	effectiveness	NOUN
ejge-4284	65	8	of	of	ADP
ejge-4284	65	9	reducing	reduce	VERB
ejge-4284	65	10	politically	politically	ADV
ejge-4284	65	11	sensitive	sensitive	ADJ
ejge-4284	65	12	items	item	NOUN
ejge-4284	65	13	such	such	ADJ
ejge-4284	65	14	as	as	ADP
ejge-4284	65	15	government	government	NOUN
ejge-4284	65	16	consumption	consumption	NOUN
ejge-4284	65	17	(	(	PUNCT
ejge-4284	65	18	mainly	mainly	ADV
ejge-4284	65	19	government	government	NOUN
ejge-4284	65	20	wages	wage	NOUN
ejge-4284	65	21	and	and	CCONJ
ejge-4284	65	22	employment	employment	NOUN
ejge-4284	65	23	)	)	PUNCT
ejge-4284	65	24	,	,	PUNCT
ejge-4284	65	25	subsidies	subsidy	NOUN
ejge-4284	65	26	and	and	CCONJ
ejge-4284	65	27	social	social	ADJ
ejge-4284	65	28	transfers	transfer	NOUN
ejge-4284	65	29	(	(	PUNCT
ejge-4284	65	30	e.g.	e.g.	ADV
ejge-4284	65	31	alesina	alesina	NOUN
ejge-4284	65	32	and	and	CCONJ
ejge-4284	65	33	perotti	perotti	PROPN
ejge-4284	65	34	(	(	PUNCT
ejge-4284	65	35	1995	1995	NUM
ejge-4284	65	36	,	,	PUNCT
ejge-4284	65	37	1997	1997	NUM
ejge-4284	65	38	)	)	PUNCT
ejge-4284	65	39	)	)	PUNCT
ejge-4284	65	40	.	.	PUNCT
ejge-4284	66	1	heylen	heylen	PROPN
ejge-4284	66	2	and	and	CCONJ
ejge-4284	66	3	everaert	everaert	PROPN
ejge-4284	66	4	(	(	PUNCT
ejge-4284	66	5	2000	2000	NUM
ejge-4284	66	6	)	)	PUNCT
ejge-4284	66	7	confirmed	confirm	VERB
ejge-4284	66	8	these	these	DET
ejge-4284	66	9	results	result	NOUN
ejge-4284	66	10	with	with	ADP
ejge-4284	66	11	multivariate	multivariate	NOUN
ejge-4284	66	12	analysis	analysis	NOUN
ejge-4284	66	13	,	,	PUNCT
ejge-4284	66	14	suggesting	suggest	VERB
ejge-4284	66	15	that	that	SCONJ
ejge-4284	66	16	,	,	PUNCT
ejge-4284	66	17	surprisingly	surprisingly	ADV
ejge-4284	66	18	,	,	PUNCT
ejge-4284	66	19	raising	raise	VERB
ejge-4284	66	20	taxes	taxis	NOUN
ejge-4284	66	21	on	on	ADP
ejge-4284	66	22	business	business	NOUN
ejge-4284	66	23	proves	prove	VERB
ejge-4284	66	24	also	also	ADV
ejge-4284	66	25	to	to	PART
ejge-4284	66	26	be	be	AUX
ejge-4284	66	27	effective6	effective6	NOUN
ejge-4284	66	28	.	.	PUNCT
ejge-4284	67	1	another	another	DET
ejge-4284	67	2	pull	pull	ADJ
ejge-4284	67	3	factor	factor	NOUN
ejge-4284	67	4	of	of	ADP
ejge-4284	67	5	fiscal	fiscal	ADJ
ejge-4284	67	6	consolidation	consolidation	NOUN
ejge-4284	67	7	typically	typically	ADV
ejge-4284	67	8	covered	cover	VERB
ejge-4284	67	9	by	by	ADP
ejge-4284	67	10	the	the	DET
ejge-4284	67	11	5	5	NUM
ejge-4284	67	12	as	as	SCONJ
ejge-4284	67	13	pointed	point	VERB
ejge-4284	67	14	by	by	ADP
ejge-4284	67	15	hernández	hernández	PROPN
ejge-4284	67	16	de	de	PROPN
ejge-4284	67	17	cos	cos	PROPN
ejge-4284	67	18	and	and	CCONJ
ejge-4284	67	19	moral	moral	ADJ
ejge-4284	67	20	-	-	PUNCT
ejge-4284	67	21	benito	benito	NOUN
ejge-4284	67	22	(	(	PUNCT
ejge-4284	67	23	2011	2011	NUM
ejge-4284	67	24	)	)	PUNCT
ejge-4284	67	25	,	,	PUNCT
ejge-4284	67	26	the	the	DET
ejge-4284	67	27	empirical	empirical	ADJ
ejge-4284	67	28	research	research	NOUN
ejge-4284	67	29	in	in	ADP
ejge-4284	67	30	this	this	DET
ejge-4284	67	31	field	field	NOUN
ejge-4284	67	32	is	be	AUX
ejge-4284	67	33	mostly	mostly	ADV
ejge-4284	67	34	based	base	VERB
ejge-4284	67	35	on	on	ADP
ejge-4284	67	36	selecting	select	VERB
ejge-4284	67	37	a	a	DET
ejge-4284	67	38	single	single	ADJ
ejge-4284	67	39	regression	regression	NOUN
ejge-4284	67	40	and	and	CCONJ
ejge-4284	67	41	dependant	dependant	ADJ
ejge-4284	67	42	on	on	ADP
ejge-4284	67	43	the	the	DET
ejge-4284	67	44	decision	decision	NOUN
ejge-4284	67	45	of	of	ADP
ejge-4284	67	46	which	which	PRON
ejge-4284	67	47	factors	factor	NOUN
ejge-4284	67	48	are	be	AUX
ejge-4284	67	49	relevant	relevant	ADJ
ejge-4284	67	50	(	(	PUNCT
ejge-4284	67	51	based	base	VERB
ejge-4284	67	52	on	on	ADP
ejge-4284	67	53	its	its	PRON
ejge-4284	67	54	associated	associated	ADJ
ejge-4284	67	55	t	t	PROPN
ejge-4284	67	56	-	-	PUNCT
ejge-4284	67	57	ratio	ratio	NOUN
ejge-4284	67	58	)	)	PUNCT
ejge-4284	67	59	.	.	PUNCT
ejge-4284	68	1	6	6	NUM
ejge-4284	68	2	however	however	ADV
ejge-4284	68	3	,	,	PUNCT
ejge-4284	68	4	molnár	molnár	INTJ
ejge-4284	68	5	(	(	PUNCT
ejge-4284	68	6	2012	2012	NUM
ejge-4284	68	7	)	)	PUNCT
ejge-4284	68	8	after	after	ADP
ejge-4284	68	9	examining	examine	VERB
ejge-4284	68	10	20	20	NUM
ejge-4284	68	11	different	different	ADJ
ejge-4284	68	12	revenue	revenue	NOUN
ejge-4284	68	13	and	and	CCONJ
ejge-4284	68	14	expenditure	expenditure	NOUN
ejge-4284	68	15	items	item	NOUN
ejge-4284	68	16	finds	find	VERB
ejge-4284	68	17	that	that	SCONJ
ejge-4284	68	18	the	the	DET
ejge-4284	68	19	composition	composition	NOUN
ejge-4284	68	20	of	of	ADP
ejge-4284	68	21	the	the	DET
ejge-4284	68	22	consolidation	consolidation	NOUN
ejge-4284	68	23	does	do	AUX
ejge-4284	68	24	not	not	PART
ejge-4284	68	25	seem	seem	VERB
ejge-4284	68	26	to	to	PART
ejge-4284	68	27	explain	explain	VERB
ejge-4284	68	28	its	its	PRON
ejge-4284	68	29	length	length	NOUN
ejge-4284	68	30	.	.	PUNCT
ejge-4284	69	1	lodge	lodge	PROPN
ejge-4284	69	2	and	and	CCONJ
ejge-4284	69	3	rodríguez	rodríguez	PROPN
ejge-4284	69	4	-	-	PUNCT
ejge-4284	69	5	vives	vive	NOUN
ejge-4284	69	6	●	●	PUNCT
ejge-4284	69	7	how	how	SCONJ
ejge-4284	69	8	long	long	ADV
ejge-4284	69	9	can	can	AUX
ejge-4284	69	10	austerity	austerity	NOUN
ejge-4284	69	11	persist	persist	VERB
ejge-4284	69	12	?	?	PUNCT
ejge-4284	70	1	9	9	NUM
ejge-4284	70	2	existing	exist	VERB
ejge-4284	70	3	literature	literature	NOUN
ejge-4284	70	4	is	be	AUX
ejge-4284	70	5	the	the	DET
ejge-4284	70	6	size	size	NOUN
ejge-4284	70	7	and	and	CCONJ
ejge-4284	70	8	the	the	DET
ejge-4284	70	9	speed	speed	NOUN
ejge-4284	70	10	of	of	ADP
ejge-4284	70	11	the	the	DET
ejge-4284	70	12	fiscal	fiscal	ADJ
ejge-4284	70	13	adjustment	adjustment	NOUN
ejge-4284	70	14	.	.	PUNCT
ejge-4284	71	1	the	the	DET
ejge-4284	71	2	general	general	ADJ
ejge-4284	71	3	idea	idea	NOUN
ejge-4284	71	4	is	be	AUX
ejge-4284	71	5	that	that	SCONJ
ejge-4284	71	6	large	large	ADJ
ejge-4284	71	7	and	and	CCONJ
ejge-4284	71	8	persistent	persistent	ADJ
ejge-4284	71	9	fiscal	fiscal	ADJ
ejge-4284	71	10	adjustments	adjustment	NOUN
ejge-4284	71	11	contribute	contribute	VERB
ejge-4284	71	12	to	to	ADP
ejge-4284	71	13	success7	success7	PROPN
ejge-4284	71	14	(	(	PUNCT
ejge-4284	71	15	e.g.	e.g.	ADV
ejge-4284	71	16	briotti	briotti	NOUN
ejge-4284	71	17	(	(	PUNCT
ejge-4284	71	18	2004	2004	NUM
ejge-4284	71	19	)	)	PUNCT
ejge-4284	71	20	;	;	PUNCT
ejge-4284	71	21	giavazzi	giavazzi	NOUN
ejge-4284	71	22	and	and	CCONJ
ejge-4284	71	23	pagano	pagano	NOUN
ejge-4284	71	24	(	(	PUNCT
ejge-4284	71	25	1996	1996	NUM
ejge-4284	71	26	)	)	PUNCT
ejge-4284	71	27	)	)	PUNCT
ejge-4284	71	28	,	,	PUNCT
ejge-4284	71	29	which	which	PRON
ejge-4284	71	30	is	be	AUX
ejge-4284	71	31	linked	link	VERB
ejge-4284	71	32	to	to	ADP
ejge-4284	71	33	the	the	DET
ejge-4284	71	34	credibility	credibility	NOUN
ejge-4284	71	35	of	of	ADP
ejge-4284	71	36	governments	government	NOUN
ejge-4284	71	37	in	in	ADP
ejge-4284	71	38	their	their	PRON
ejge-4284	71	39	consolidation	consolidation	NOUN
ejge-4284	71	40	strategies	strategy	NOUN
ejge-4284	71	41	and	and	CCONJ
ejge-4284	71	42	expectations	expectation	NOUN
ejge-4284	71	43	of	of	ADP
ejge-4284	71	44	future	future	ADJ
ejge-4284	71	45	tax	tax	NOUN
ejge-4284	71	46	reductions	reduction	NOUN
ejge-4284	71	47	.	.	PUNCT
ejge-4284	72	1	in	in	ADP
ejge-4284	72	2	relation	relation	NOUN
ejge-4284	72	3	to	to	ADP
ejge-4284	72	4	the	the	DET
ejge-4284	72	5	speed	speed	NOUN
ejge-4284	72	6	,	,	PUNCT
ejge-4284	72	7	there	there	PRON
ejge-4284	72	8	is	be	VERB
ejge-4284	72	9	a	a	DET
ejge-4284	72	10	preference	preference	NOUN
ejge-4284	72	11	for	for	ADP
ejge-4284	72	12	gradual	gradual	ADJ
ejge-4284	72	13	consolidations	consolidation	NOUN
ejge-4284	72	14	,	,	PUNCT
ejge-4284	72	15	but	but	CCONJ
ejge-4284	72	16	more	more	ADV
ejge-4284	72	17	intense	intense	ADJ
ejge-4284	72	18	efforts	effort	NOUN
ejge-4284	72	19	(	(	PUNCT
ejge-4284	72	20	e.g.	e.g.	ADV
ejge-4284	72	21	“	"	PUNCT
ejge-4284	72	22	cold	cold	ADJ
ejge-4284	72	23	showers	shower	NOUN
ejge-4284	72	24	”	"	PUNCT
ejge-4284	72	25	)	)	PUNCT
ejge-4284	72	26	seem	seem	VERB
ejge-4284	72	27	to	to	PART
ejge-4284	72	28	be	be	AUX
ejge-4284	72	29	more	more	ADV
ejge-4284	72	30	effective	effective	ADJ
ejge-4284	72	31	than	than	ADP
ejge-4284	72	32	longer	long	ADJ
ejge-4284	72	33	consolidations	consolidation	NOUN
ejge-4284	72	34	at	at	ADP
ejge-4284	72	35	high	high	ADJ
ejge-4284	72	36	and	and	CCONJ
ejge-4284	72	37	rising	rise	VERB
ejge-4284	72	38	debt	debt	NOUN
ejge-4284	72	39	levels	level	NOUN
ejge-4284	72	40	and	and	CCONJ
ejge-4284	72	41	in	in	ADP
ejge-4284	72	42	low	low	ADJ
ejge-4284	72	43	growth	growth	NOUN
ejge-4284	72	44	scenarios	scenario	NOUN
ejge-4284	72	45	(	(	PUNCT
ejge-4284	72	46	european	european	ADJ
ejge-4284	72	47	commission	commission	PROPN
ejge-4284	72	48	(	(	PUNCT
ejge-4284	72	49	2007	2007	NUM
ejge-4284	72	50	)	)	PUNCT
ejge-4284	72	51	,	,	PUNCT
ejge-4284	72	52	barrios	barrio	NOUN
ejge-4284	72	53	et	et	PROPN
ejge-4284	72	54	al	al	PROPN
ejge-4284	72	55	.	.	PROPN
ejge-4284	72	56	,	,	PUNCT
ejge-4284	72	57	2010	2010	NUM
ejge-4284	72	58	)	)	PUNCT
ejge-4284	72	59	.	.	PUNCT
ejge-4284	73	1	moreover	moreover	ADV
ejge-4284	73	2	,	,	PUNCT
ejge-4284	73	3	we	we	PRON
ejge-4284	73	4	also	also	ADV
ejge-4284	73	5	consider	consider	VERB
ejge-4284	73	6	under	under	ADP
ejge-4284	73	7	the	the	DET
ejge-4284	73	8	“	"	PUNCT
ejge-4284	73	9	commitment	commitment	NOUN
ejge-4284	73	10	”	"	PUNCT
ejge-4284	73	11	,	,	PUNCT
ejge-4284	73	12	the	the	DET
ejge-4284	73	13	possible	possible	ADJ
ejge-4284	73	14	role	role	NOUN
ejge-4284	73	15	of	of	ADP
ejge-4284	73	16	fiscal	fiscal	ADJ
ejge-4284	73	17	governance	governance	NOUN
ejge-4284	73	18	factors	factor	NOUN
ejge-4284	73	19	as	as	ADP
ejge-4284	73	20	a	a	DET
ejge-4284	73	21	framework	framework	NOUN
ejge-4284	73	22	for	for	ADP
ejge-4284	73	23	sustaining	sustain	VERB
ejge-4284	73	24	consolidation	consolidation	NOUN
ejge-4284	73	25	,	,	PUNCT
ejge-4284	73	26	as	as	SCONJ
ejge-4284	73	27	suggested	suggest	VERB
ejge-4284	73	28	by	by	ADP
ejge-4284	73	29	the	the	DET
ejge-4284	73	30	literature8	literature8	PROPN
ejge-4284	73	31	(	(	PUNCT
ejge-4284	73	32	e.g.	e.g.	ADV
ejge-4284	73	33	briotti	briotti	NOUN
ejge-4284	73	34	(	(	PUNCT
ejge-4284	73	35	2004	2004	NUM
ejge-4284	73	36	)	)	PUNCT
ejge-4284	73	37	,	,	PUNCT
ejge-4284	73	38	and	and	CCONJ
ejge-4284	73	39	guichard	guichard	NOUN
ejge-4284	73	40	,	,	PUNCT
ejge-4284	73	41	kennedy	kennedy	PROPN
ejge-4284	73	42	,	,	PUNCT
ejge-4284	73	43	wurzel	wurzel	PROPN
ejge-4284	73	44	and	and	CCONJ
ejge-4284	73	45	andre	andre	PROPN
ejge-4284	73	46	(	(	PUNCT
ejge-4284	73	47	2007	2007	NUM
ejge-4284	73	48	)	)	PUNCT
ejge-4284	73	49	)	)	PUNCT
ejge-4284	73	50	.	.	PUNCT
ejge-4284	74	1	although	although	SCONJ
ejge-4284	74	2	not	not	PART
ejge-4284	74	3	explicitly	explicitly	ADV
ejge-4284	74	4	contemplated	contemplate	VERB
ejge-4284	74	5	by	by	ADP
ejge-4284	74	6	the	the	DET
ejge-4284	74	7	relevant	relevant	ADJ
ejge-4284	74	8	literature	literature	NOUN
ejge-4284	74	9	,	,	PUNCT
ejge-4284	74	10	we	we	PRON
ejge-4284	74	11	also	also	ADV
ejge-4284	74	12	test	test	VERB
ejge-4284	74	13	the	the	DET
ejge-4284	74	14	durability	durability	NOUN
ejge-4284	74	15	of	of	ADP
ejge-4284	74	16	the	the	DET
ejge-4284	74	17	adjustment	adjustment	NOUN
ejge-4284	74	18	undertaken	undertake	VERB
ejge-4284	74	19	by	by	ADP
ejge-4284	74	20	governments	government	NOUN
ejge-4284	74	21	:	:	PUNCT
ejge-4284	74	22	whether	whether	SCONJ
ejge-4284	74	23	it	it	PRON
ejge-4284	74	24	is	be	AUX
ejge-4284	74	25	based	base	VERB
ejge-4284	74	26	on	on	ADP
ejge-4284	74	27	structural	structural	ADJ
ejge-4284	74	28	consolidation	consolidation	NOUN
ejge-4284	74	29	over	over	ADP
ejge-4284	74	30	temporary	temporary	ADJ
ejge-4284	74	31	and	and	CCONJ
ejge-4284	74	32	one	one	NUM
ejge-4284	74	33	-	-	PUNCT
ejge-4284	74	34	off	off	ADP
ejge-4284	74	35	measures.9	measures.9	NOUN
ejge-4284	74	36	finally	finally	ADV
ejge-4284	74	37	,	,	PUNCT
ejge-4284	74	38	we	we	PRON
ejge-4284	74	39	also	also	ADV
ejge-4284	74	40	include	include	VERB
ejge-4284	74	41	under	under	ADP
ejge-4284	74	42	“	"	PUNCT
ejge-4284	74	43	commitment	commitment	NOUN
ejge-4284	74	44	”	"	PUNCT
ejge-4284	74	45	the	the	DET
ejge-4284	74	46	potential	potential	ADJ
ejge-4284	74	47	explanatory	explanatory	ADJ
ejge-4284	74	48	effect	effect	NOUN
ejge-4284	74	49	of	of	ADP
ejge-4284	74	50	political	political	ADJ
ejge-4284	74	51	factors	factor	NOUN
ejge-4284	74	52	,	,	PUNCT
ejge-4284	74	53	via	via	ADP
ejge-4284	74	54	elections	election	NOUN
ejge-4284	74	55	,	,	PUNCT
ejge-4284	74	56	in	in	ADP
ejge-4284	74	57	line	line	NOUN
ejge-4284	74	58	with	with	ADP
ejge-4284	74	59	the	the	DET
ejge-4284	74	60	growing	grow	VERB
ejge-4284	74	61	literature	literature	NOUN
ejge-4284	74	62	–	–	PUNCT
ejge-4284	74	63	although	although	SCONJ
ejge-4284	74	64	the	the	DET
ejge-4284	74	65	evidence	evidence	NOUN
ejge-4284	74	66	is	be	AUX
ejge-4284	74	67	not	not	PART
ejge-4284	74	68	conclusive	conclusive	ADJ
ejge-4284	74	69	(	(	PUNCT
ejge-4284	74	70	e.g.	e.g.	ADV
ejge-4284	74	71	alesina	alesina	NOUN
ejge-4284	74	72	and	and	CCONJ
ejge-4284	74	73	perotti	perotti	PROPN
ejge-4284	74	74	(	(	PUNCT
ejge-4284	74	75	1995	1995	NUM
ejge-4284	74	76	)	)	PUNCT
ejge-4284	74	77	,	,	PUNCT
ejge-4284	74	78	alesina	alesina	PROPN
ejge-4284	74	79	et	et	PROPN
ejge-4284	74	80	al	al	PROPN
ejge-4284	74	81	.	.	PUNCT
ejge-4284	75	1	(	(	PUNCT
ejge-4284	75	2	1998	1998	NUM
ejge-4284	75	3	)	)	PUNCT
ejge-4284	75	4	,	,	PUNCT
ejge-4284	75	5	larch	larch	NOUN
ejge-4284	75	6	and	and	CCONJ
ejge-4284	75	7	turrini	turrini	ADJ
ejge-4284	75	8	(	(	PUNCT
ejge-4284	75	9	2008	2008	NUM
ejge-4284	75	10	)	)	PUNCT
ejge-4284	75	11	)	)	PUNCT
ejge-4284	75	12	.	.	PUNCT
ejge-4284	76	1	another	another	DET
ejge-4284	76	2	stream	stream	NOUN
ejge-4284	76	3	of	of	ADP
ejge-4284	76	4	the	the	DET
ejge-4284	76	5	literature	literature	NOUN
ejge-4284	76	6	relates	relate	VERB
ejge-4284	76	7	to	to	ADP
ejge-4284	76	8	the	the	DET
ejge-4284	76	9	importance	importance	NOUN
ejge-4284	76	10	of	of	ADP
ejge-4284	76	11	the	the	DET
ejge-4284	76	12	prevailing	prevail	VERB
ejge-4284	76	13	macroeconomic	macroeconomic	ADJ
ejge-4284	76	14	factors	factor	NOUN
ejge-4284	76	15	.	.	PUNCT
ejge-4284	77	1	where	where	SCONJ
ejge-4284	77	2	papers	paper	NOUN
ejge-4284	77	3	assess	assess	VERB
ejge-4284	77	4	the	the	DET
ejge-4284	77	5	role	role	NOUN
ejge-4284	77	6	of	of	ADP
ejge-4284	77	7	initial	initial	ADJ
ejge-4284	77	8	macroeconomic	macroeconomic	ADJ
ejge-4284	77	9	conditions	condition	NOUN
ejge-4284	77	10	the	the	DET
ejge-4284	77	11	broad	broad	ADJ
ejge-4284	77	12	conclusions	conclusion	NOUN
ejge-4284	77	13	are	be	AUX
ejge-4284	77	14	that	that	SCONJ
ejge-4284	77	15	governments	government	NOUN
ejge-4284	77	16	are	be	AUX
ejge-4284	77	17	‘	'	PUNCT
ejge-4284	77	18	pushed	push	VERB
ejge-4284	77	19	’	'	PUNCT
ejge-4284	77	20	into	into	ADP
ejge-4284	77	21	fiscal	fiscal	ADJ
ejge-4284	77	22	consolidations	consolidation	NOUN
ejge-4284	77	23	,	,	PUNCT
ejge-4284	77	24	in	in	ADP
ejge-4284	77	25	particular	particular	ADJ
ejge-4284	77	26	referring	refer	VERB
ejge-4284	77	27	to	to	ADP
ejge-4284	77	28	weak	weak	ADJ
ejge-4284	77	29	public	public	ADJ
ejge-4284	77	30	finances	finance	NOUN
ejge-4284	77	31	,	,	PUNCT
ejge-4284	77	32	but	but	CCONJ
ejge-4284	77	33	also	also	ADV
ejge-4284	77	34	when	when	SCONJ
ejge-4284	77	35	the	the	DET
ejge-4284	77	36	initial	initial	ADJ
ejge-4284	77	37	macroeconomic	macroeconomic	ADJ
ejge-4284	77	38	indicators	indicator	NOUN
ejge-4284	77	39	suggest	suggest	VERB
ejge-4284	77	40	a	a	DET
ejge-4284	77	41	crisis	crisis	NOUN
ejge-4284	77	42	situation	situation	NOUN
ejge-4284	77	43	(	(	PUNCT
ejge-4284	77	44	ahrend	ahrend	NOUN
ejge-4284	77	45	,	,	PUNCT
ejge-4284	77	46	catte	catte	NOUN
ejge-4284	77	47	and	and	CCONJ
ejge-4284	77	48	price	price	NOUN
ejge-4284	77	49	,	,	PUNCT
ejge-4284	77	50	2006	2006	NUM
ejge-4284	77	51	)	)	PUNCT
ejge-4284	77	52	.	.	PUNCT
ejge-4284	78	1	moreover	moreover	ADV
ejge-4284	78	2	,	,	PUNCT
ejge-4284	78	3	von	von	PROPN
ejge-4284	78	4	hagen	hagen	PROPN
ejge-4284	78	5	et	et	PROPN
ejge-4284	78	6	al	al	PROPN
ejge-4284	78	7	.	.	PROPN
ejge-4284	79	1	(	(	PUNCT
ejge-4284	79	2	2001	2001	NUM
ejge-4284	79	3	,	,	PUNCT
ejge-4284	79	4	2002	2002	NUM
ejge-4284	79	5	)	)	PUNCT
ejge-4284	79	6	10	10	NUM
ejge-4284	79	7	,	,	PUNCT
ejge-4284	79	8	and	and	CCONJ
ejge-4284	79	9	guichard	guichard	NOUN
ejge-4284	79	10	et	et	PROPN
ejge-4284	79	11	al	al	PROPN
ejge-4284	79	12	.	.	PUNCT
ejge-4284	80	1	(	(	PUNCT
ejge-4284	80	2	2007	2007	NUM
ejge-4284	80	3	)	)	PUNCT
ejge-4284	80	4	found	find	VERB
ejge-4284	80	5	that	that	SCONJ
ejge-4284	80	6	weak	weak	ADJ
ejge-4284	80	7	domestic	domestic	ADJ
ejge-4284	80	8	economic	economic	ADJ
ejge-4284	80	9	pre	pre	NOUN
ejge-4284	80	10	-	-	NOUN
ejge-4284	80	11	conditions	condition	NOUN
ejge-4284	80	12	also	also	ADV
ejge-4284	80	13	play	play	VERB
ejge-4284	80	14	a	a	DET
ejge-4284	80	15	role	role	NOUN
ejge-4284	80	16	in	in	ADP
ejge-4284	80	17	explaining	explain	VERB
ejge-4284	80	18	the	the	DET
ejge-4284	80	19	likelihood	likelihood	NOUN
ejge-4284	80	20	of	of	ADP
ejge-4284	80	21	starting	start	VERB
ejge-4284	80	22	“	"	PUNCT
ejge-4284	80	23	successful	successful	ADJ
ejge-4284	80	24	”	"	PUNCT
ejge-4284	80	25	fiscal	fiscal	ADJ
ejge-4284	80	26	consolidations	consolidation	NOUN
ejge-4284	80	27	.	.	PUNCT
ejge-4284	81	1	once	once	SCONJ
ejge-4284	81	2	consolidation	consolidation	NOUN
ejge-4284	81	3	has	have	AUX
ejge-4284	81	4	started	start	VERB
ejge-4284	81	5	,	,	PUNCT
ejge-4284	81	6	there	there	PRON
ejge-4284	81	7	is	be	VERB
ejge-4284	81	8	also	also	ADV
ejge-4284	81	9	a	a	DET
ejge-4284	81	10	need	need	NOUN
ejge-4284	81	11	to	to	PART
ejge-4284	81	12	analyse	analyse	VERB
ejge-4284	81	13	the	the	DET
ejge-4284	81	14	wider	wide	ADJ
ejge-4284	81	15	macroeconomic	macroeconomic	ADJ
ejge-4284	81	16	factors	factor	NOUN
ejge-4284	81	17	that	that	PRON
ejge-4284	81	18	‘	'	PUNCT
ejge-4284	81	19	allow	allow	VERB
ejge-4284	81	20	’	'	PUNCT
ejge-4284	81	21	,	,	PUNCT
ejge-4284	81	22	or	or	CCONJ
ejge-4284	81	23	make	make	VERB
ejge-4284	81	24	room	room	NOUN
ejge-4284	81	25	for	for	ADP
ejge-4284	81	26	adjustment	adjustment	NOUN
ejge-4284	81	27	.	.	PUNCT
ejge-4284	82	1	the	the	DET
ejge-4284	82	2	leading	lead	VERB
ejge-4284	82	3	indicator	indicator	NOUN
ejge-4284	82	4	that	that	PRON
ejge-4284	82	5	seems	seem	VERB
ejge-4284	82	6	to	to	PART
ejge-4284	82	7	justify	justify	VERB
ejge-4284	82	8	the	the	DET
ejge-4284	82	9	role	role	NOUN
ejge-4284	82	10	of	of	ADP
ejge-4284	82	11	the	the	DET
ejge-4284	82	12	macroeconomic	macroeconomic	ADJ
ejge-4284	82	13	environment	environment	NOUN
ejge-4284	82	14	is	be	AUX
ejge-4284	82	15	output	output	NOUN
ejge-4284	82	16	growth	growth	NOUN
ejge-4284	82	17	,	,	PUNCT
ejge-4284	82	18	and	and	CCONJ
ejge-4284	82	19	to	to	ADP
ejge-4284	82	20	a	a	DET
ejge-4284	82	21	lesser	less	ADJ
ejge-4284	82	22	extent	extent	NOUN
ejge-4284	82	23	monetary	monetary	ADJ
ejge-4284	82	24	conditions	condition	NOUN
ejge-4284	82	25	,	,	PUNCT
ejge-4284	82	26	competitiveness	competitiveness	NOUN
ejge-4284	82	27	and	and	CCONJ
ejge-4284	82	28	the	the	DET
ejge-4284	82	29	international	international	ADJ
ejge-4284	82	30	economic	economic	ADJ
ejge-4284	82	31	environment	environment	NOUN
ejge-4284	82	32	.	.	PUNCT
ejge-4284	83	1	in	in	ADP
ejge-4284	83	2	general	general	ADJ
ejge-4284	83	3	,	,	PUNCT
ejge-4284	83	4	existing	exist	VERB
ejge-4284	83	5	empirical	empirical	ADJ
ejge-4284	83	6	findings	finding	NOUN
ejge-4284	83	7	tend	tend	VERB
ejge-4284	83	8	to	to	PART
ejge-4284	83	9	suggest	suggest	VERB
ejge-4284	83	10	that	that	SCONJ
ejge-4284	83	11	favourable	favourable	ADJ
ejge-4284	83	12	economic	economic	ADJ
ejge-4284	83	13	growth	growth	NOUN
ejge-4284	83	14	(	(	PUNCT
ejge-4284	83	15	in	in	ADP
ejge-4284	83	16	terms	term	NOUN
ejge-4284	83	17	of	of	ADP
ejge-4284	83	18	gdp	gdp	NOUN
ejge-4284	83	19	or	or	CCONJ
ejge-4284	83	20	output	output	NOUN
ejge-4284	83	21	gap	gap	NOUN
ejge-4284	83	22	)	)	PUNCT
ejge-4284	83	23	contributes	contribute	VERB
ejge-4284	83	24	to	to	ADP
ejge-4284	83	25	the	the	DET
ejge-4284	83	26	success	success	NOUN
ejge-4284	83	27	of	of	ADP
ejge-4284	83	28	consolidation	consolidation	NOUN
ejge-4284	83	29	strategies	strategy	NOUN
ejge-4284	83	30	(	(	PUNCT
ejge-4284	83	31	e.g.	e.g.	ADV
ejge-4284	83	32	alesina	alesina	NOUN
ejge-4284	83	33	and	and	CCONJ
ejge-4284	83	34	perotti	perotti	PROPN
ejge-4284	83	35	(	(	PUNCT
ejge-4284	83	36	1995	1995	NUM
ejge-4284	83	37	)	)	PUNCT
ejge-4284	83	38	,	,	PUNCT
ejge-4284	83	39	ardagna	ardagna	NOUN
ejge-4284	83	40	(	(	PUNCT
ejge-4284	83	41	2004	2004	NUM
ejge-4284	83	42	)	)	PUNCT
ejge-4284	83	43	,	,	PUNCT
ejge-4284	83	44	hernández	hernández	PROPN
ejge-4284	83	45	de	de	PROPN
ejge-4284	83	46	cos	cos	PROPN
ejge-4284	83	47	and	and	CCONJ
ejge-4284	83	48	moral	moral	ADJ
ejge-4284	83	49	-	-	PUNCT
ejge-4284	83	50	benito	benito	NOUN
ejge-4284	83	51	(	(	PUNCT
ejge-4284	83	52	2011	2011	NUM
ejge-4284	83	53	)	)	PUNCT
ejge-4284	83	54	,	,	PUNCT
ejge-4284	83	55	agnello	agnello	PROPN
ejge-4284	83	56	et	et	PROPN
ejge-4284	83	57	al	al	PROPN
ejge-4284	83	58	.	.	PROPN
ejge-4284	84	1	(	(	PUNCT
ejge-4284	84	2	2012	2012	NUM
ejge-4284	84	3	)	)	PUNCT
ejge-4284	84	4	)	)	PUNCT
ejge-4284	84	5	.	.	PUNCT
ejge-4284	85	1	the	the	DET
ejge-4284	85	2	findings	finding	NOUN
ejge-4284	85	3	on	on	ADP
ejge-4284	85	4	monetary	monetary	ADJ
ejge-4284	85	5	conditions	condition	NOUN
ejge-4284	85	6	are	be	AUX
ejge-4284	85	7	mixed	mixed	ADJ
ejge-4284	85	8	:	:	PUNCT
ejge-4284	85	9	while	while	SCONJ
ejge-4284	85	10	the	the	DET
ejge-4284	85	11	monetary	monetary	ADJ
ejge-4284	85	12	stance	stance	NOUN
ejge-4284	85	13	could	could	AUX
ejge-4284	85	14	positively	positively	ADV
ejge-4284	85	15	contribute	contribute	VERB
ejge-4284	85	16	by	by	ADP
ejge-4284	85	17	accommodating	accommodate	VERB
ejge-4284	85	18	consolidation	consolidation	NOUN
ejge-4284	85	19	(	(	PUNCT
ejge-4284	85	20	e.g.	e.g.	ADV
ejge-4284	85	21	ardagna	ardagna	NOUN
ejge-4284	85	22	(	(	PUNCT
ejge-4284	85	23	2004	2004	NUM
ejge-4284	85	24	)	)	PUNCT
ejge-4284	85	25	)	)	PUNCT
ejge-4284	85	26	,	,	PUNCT
ejge-4284	85	27	other	other	ADJ
ejge-4284	85	28	authors	author	NOUN
ejge-4284	85	29	found	find	VERB
ejge-4284	85	30	no	no	DET
ejge-4284	85	31	evidence	evidence	NOUN
ejge-4284	85	32	(	(	PUNCT
ejge-4284	85	33	e.g.	e.g.	ADV
ejge-4284	85	34	von	von	PROPN
ejge-4284	85	35	hagen	hagen	PROPN
ejge-4284	85	36	and	and	CCONJ
ejge-4284	85	37	strauch	strauch	PROPN
ejge-4284	85	38	(	(	PUNCT
ejge-4284	85	39	2001	2001	NUM
ejge-4284	85	40	)	)	PUNCT
ejge-4284	85	41	)	)	PUNCT
ejge-4284	85	42	.	.	PUNCT
ejge-4284	86	1	the	the	DET
ejge-4284	86	2	role	role	NOUN
ejge-4284	86	3	of	of	ADP
ejge-4284	86	4	competitiveness	competitiveness	NOUN
ejge-4284	86	5	through	through	ADP
ejge-4284	86	6	exchange	exchange	NOUN
ejge-4284	86	7	rate	rate	NOUN
ejge-4284	86	8	policy	policy	NOUN
ejge-4284	86	9	is	be	AUX
ejge-4284	86	10	not	not	PART
ejge-4284	86	11	conclusive	conclusive	ADJ
ejge-4284	86	12	either	either	ADV
ejge-4284	86	13	,	,	PUNCT
ejge-4284	86	14	but	but	CCONJ
ejge-4284	86	15	evidence	evidence	NOUN
ejge-4284	86	16	tends	tend	VERB
ejge-4284	86	17	to	to	PART
ejge-4284	86	18	suggest	suggest	VERB
ejge-4284	86	19	a	a	DET
ejge-4284	86	20	positive	positive	ADJ
ejge-4284	86	21	effect	effect	NOUN
ejge-4284	86	22	of	of	ADP
ejge-4284	86	23	exchange	exchange	NOUN
ejge-4284	86	24	rate	rate	NOUN
ejge-4284	86	25	depreciation	depreciation	NOUN
ejge-4284	86	26	on	on	ADP
ejge-4284	86	27	the	the	DET
ejge-4284	86	28	success	success	NOUN
ejge-4284	86	29	of	of	ADP
ejge-4284	86	30	consolidations	consolidation	NOUN
ejge-4284	86	31	(	(	PUNCT
ejge-4284	86	32	e.g.	e.g.	ADV
ejge-4284	86	33	molnár	molnár	NOUN
ejge-4284	86	34	,	,	PUNCT
ejge-4284	86	35	2012	2012	NUM
ejge-4284	86	36	)	)	PUNCT
ejge-4284	86	37	.	.	PUNCT
ejge-4284	87	1	alesina	alesina	NOUN
ejge-4284	87	2	and	and	CCONJ
ejge-4284	87	3	perotti	perotti	PROPN
ejge-4284	87	4	(	(	PUNCT
ejge-4284	87	5	1997	1997	NUM
ejge-4284	87	6	)	)	PUNCT
ejge-4284	87	7	found	find	VERB
ejge-4284	87	8	that	that	SCONJ
ejge-4284	87	9	floating	float	VERB
ejge-4284	87	10	exchange	exchange	NOUN
ejge-4284	87	11	rates	rate	NOUN
ejge-4284	87	12	better	well	ADV
ejge-4284	87	13	support	support	VERB
ejge-4284	87	14	successful	successful	ADJ
ejge-4284	87	15	consolidations	consolidation	NOUN
ejge-4284	87	16	than	than	SCONJ
ejge-4284	87	17	fixed	fix	VERB
ejge-4284	87	18	7	7	NUM
ejge-4284	87	19	however	however	ADV
ejge-4284	87	20	,	,	PUNCT
ejge-4284	87	21	the	the	DET
ejge-4284	87	22	results	result	NOUN
ejge-4284	87	23	are	be	AUX
ejge-4284	87	24	not	not	PART
ejge-4284	87	25	consistent	consistent	ADJ
ejge-4284	87	26	across	across	ADP
ejge-4284	87	27	existing	exist	VERB
ejge-4284	87	28	studies	study	NOUN
ejge-4284	87	29	,	,	PUNCT
ejge-4284	87	30	also	also	ADV
ejge-4284	87	31	due	due	ADP
ejge-4284	87	32	to	to	ADP
ejge-4284	87	33	the	the	DET
ejge-4284	87	34	different	different	ADJ
ejge-4284	87	35	definitions	definition	NOUN
ejge-4284	87	36	of	of	ADP
ejge-4284	87	37	success	success	NOUN
ejge-4284	87	38	.	.	PUNCT
ejge-4284	88	1	for	for	ADP
ejge-4284	88	2	instance	instance	NOUN
ejge-4284	88	3	,	,	PUNCT
ejge-4284	88	4	heylen	heylen	ADJ
ejge-4284	88	5	and	and	CCONJ
ejge-4284	88	6	evaraert	evaraert	PROPN
ejge-4284	88	7	(	(	PUNCT
ejge-4284	88	8	2000	2000	NUM
ejge-4284	88	9	)	)	PUNCT
ejge-4284	88	10	find	find	VERB
ejge-4284	88	11	only	only	ADV
ejge-4284	88	12	a	a	DET
ejge-4284	88	13	weak	weak	ADJ
ejge-4284	88	14	evidence	evidence	NOUN
ejge-4284	88	15	to	to	PART
ejge-4284	88	16	support	support	VERB
ejge-4284	88	17	the	the	DET
ejge-4284	88	18	view	view	NOUN
ejge-4284	88	19	of	of	ADP
ejge-4284	88	20	the	the	DET
ejge-4284	88	21	importance	importance	NOUN
ejge-4284	88	22	of	of	ADP
ejge-4284	88	23	the	the	DET
ejge-4284	88	24	size	size	NOUN
ejge-4284	88	25	of	of	ADP
ejge-4284	88	26	fiscal	fiscal	ADJ
ejge-4284	88	27	adjustment	adjustment	NOUN
ejge-4284	88	28	.	.	PUNCT
ejge-4284	89	1	8	8	NUM
ejge-4284	89	2	however	however	ADV
ejge-4284	89	3	,	,	PUNCT
ejge-4284	89	4	some	some	DET
ejge-4284	89	5	studies	study	NOUN
ejge-4284	89	6	do	do	AUX
ejge-4284	89	7	not	not	PART
ejge-4284	89	8	find	find	VERB
ejge-4284	89	9	a	a	DET
ejge-4284	89	10	significant	significant	ADJ
ejge-4284	89	11	impact	impact	NOUN
ejge-4284	89	12	of	of	ADP
ejge-4284	89	13	the	the	DET
ejge-4284	89	14	expenditure	expenditure	NOUN
ejge-4284	89	15	rules	rule	NOUN
ejge-4284	89	16	(	(	PUNCT
ejge-4284	89	17	european	european	PROPN
ejge-4284	89	18	commission	commission	PROPN
ejge-4284	89	19	,	,	PUNCT
ejge-4284	89	20	2007	2007	NUM
ejge-4284	89	21	)	)	PUNCT
ejge-4284	89	22	or	or	CCONJ
ejge-4284	89	23	on	on	ADP
ejge-4284	89	24	the	the	DET
ejge-4284	89	25	budget	budget	NOUN
ejge-4284	89	26	deficit	deficit	NOUN
ejge-4284	89	27	rules	rule	NOUN
ejge-4284	89	28	(	(	PUNCT
ejge-4284	89	29	barrios	barrio	NOUN
ejge-4284	89	30	et	et	PROPN
ejge-4284	89	31	al	al	PROPN
ejge-4284	89	32	.	.	PROPN
ejge-4284	89	33	2010	2010	NUM
ejge-4284	89	34	)	)	PUNCT
ejge-4284	89	35	on	on	ADP
ejge-4284	89	36	their	their	PRON
ejge-4284	89	37	sustaining	sustain	VERB
ejge-4284	89	38	role	role	NOUN
ejge-4284	89	39	in	in	ADP
ejge-4284	89	40	successful	successful	ADJ
ejge-4284	89	41	fiscal	fiscal	ADJ
ejge-4284	89	42	consolidations	consolidation	NOUN
ejge-4284	89	43	.	.	PUNCT
ejge-4284	90	1	9	9	NUM
ejge-4284	90	2	one	one	NUM
ejge-4284	90	3	-	-	PUNCT
ejge-4284	90	4	offs	off	NOUN
ejge-4284	90	5	are	be	AUX
ejge-4284	90	6	temporary	temporary	ADJ
ejge-4284	90	7	or	or	CCONJ
ejge-4284	90	8	non	non	ADJ
ejge-4284	90	9	-	-	ADJ
ejge-4284	90	10	recurrent	recurrent	ADJ
ejge-4284	90	11	fiscal	fiscal	ADJ
ejge-4284	90	12	operations	operation	NOUN
ejge-4284	90	13	that	that	PRON
ejge-4284	90	14	may	may	AUX
ejge-4284	90	15	substantially	substantially	ADV
ejge-4284	90	16	impact	impact	VERB
ejge-4284	90	17	the	the	DET
ejge-4284	90	18	government	government	NOUN
ejge-4284	90	19	cyclically	cyclically	ADV
ejge-4284	90	20	adjusted	adjust	VERB
ejge-4284	90	21	primary	primary	ADJ
ejge-4284	90	22	balance	balance	NOUN
ejge-4284	90	23	positively	positively	ADV
ejge-4284	90	24	or	or	CCONJ
ejge-4284	90	25	negatively	negatively	ADV
ejge-4284	90	26	,	,	PUNCT
ejge-4284	90	27	e.g.	e.g.	ADV
ejge-4284	90	28	capital	capital	NOUN
ejge-4284	90	29	revenues	revenue	NOUN
ejge-4284	90	30	as	as	ADP
ejge-4284	90	31	result	result	NOUN
ejge-4284	90	32	of	of	ADP
ejge-4284	90	33	pension	pension	NOUN
ejge-4284	90	34	transfers	transfer	NOUN
ejge-4284	90	35	from	from	ADP
ejge-4284	90	36	the	the	DET
ejge-4284	90	37	private	private	ADJ
ejge-4284	90	38	sector	sector	NOUN
ejge-4284	90	39	to	to	ADP
ejge-4284	90	40	the	the	DET
ejge-4284	90	41	social	social	ADJ
ejge-4284	90	42	security	security	NOUN
ejge-4284	90	43	system	system	NOUN
ejge-4284	90	44	;	;	PUNCT
ejge-4284	90	45	sales	sale	NOUN
ejge-4284	90	46	of	of	ADP
ejge-4284	90	47	mobile	mobile	ADJ
ejge-4284	90	48	phone	phone	NOUN
ejge-4284	90	49	licences	licence	NOUN
ejge-4284	90	50	;	;	PUNCT
ejge-4284	90	51	debt	debt	NOUN
ejge-4284	90	52	assumptions	assumption	NOUN
ejge-4284	90	53	and	and	CCONJ
ejge-4284	90	54	debt	debt	NOUN
ejge-4284	90	55	cancellations	cancellation	NOUN
ejge-4284	90	56	;	;	PUNCT
ejge-4284	90	57	or	or	CCONJ
ejge-4284	90	58	tax	tax	NOUN
ejge-4284	90	59	amnesties	amnesty	NOUN
ejge-4284	90	60	(	(	PUNCT
ejge-4284	90	61	joumard	joumard	PROPN
ejge-4284	90	62	et	et	PROPN
ejge-4284	90	63	al	al	PROPN
ejge-4284	90	64	.	.	PROPN
ejge-4284	90	65	2008	2008	NUM
ejge-4284	90	66	)	)	PUNCT
ejge-4284	90	67	.	.	PUNCT
ejge-4284	91	1	10	10	NUM
ejge-4284	91	2	von	von	PROPN
ejge-4284	91	3	hagen	hagen	PROPN
ejge-4284	91	4	and	and	CCONJ
ejge-4284	91	5	co	co	NOUN
ejge-4284	91	6	-	-	NOUN
ejge-4284	91	7	authors	author	NOUN
ejge-4284	91	8	observe	observe	VERB
ejge-4284	91	9	that	that	SCONJ
ejge-4284	91	10	initial	initial	ADJ
ejge-4284	91	11	conditions	condition	NOUN
ejge-4284	91	12	(	(	PUNCT
ejge-4284	91	13	in	in	ADP
ejge-4284	91	14	terms	term	NOUN
ejge-4284	91	15	of	of	ADP
ejge-4284	91	16	output	output	NOUN
ejge-4284	91	17	gap	gap	NOUN
ejge-4284	91	18	)	)	PUNCT
ejge-4284	91	19	were	be	AUX
ejge-4284	91	20	less	less	ADV
ejge-4284	91	21	favourable	favourable	ADJ
ejge-4284	91	22	for	for	ADP
ejge-4284	91	23	“	"	PUNCT
ejge-4284	91	24	successful	successful	ADJ
ejge-4284	91	25	”	"	PUNCT
ejge-4284	91	26	consolidations	consolidation	NOUN
ejge-4284	91	27	than	than	ADP
ejge-4284	91	28	for	for	ADP
ejge-4284	91	29	“	"	PUNCT
ejge-4284	91	30	unsuccessful	unsuccessful	ADJ
ejge-4284	91	31	”	"	PUNCT
ejge-4284	91	32	ones	one	NOUN
ejge-4284	91	33	.	.	PUNCT
ejge-4284	92	1	however	however	ADV
ejge-4284	92	2	,	,	PUNCT
ejge-4284	92	3	they	they	PRON
ejge-4284	92	4	also	also	ADV
ejge-4284	92	5	find	find	VERB
ejge-4284	92	6	that	that	SCONJ
ejge-4284	92	7	a	a	X
ejge-4284	92	8	)	)	PUNCT
ejge-4284	92	9	positive	positive	ADJ
ejge-4284	92	10	large	large	ADJ
ejge-4284	92	11	output	output	NOUN
ejge-4284	92	12	gaps	gap	NOUN
ejge-4284	92	13	increases	increase	VERB
ejge-4284	92	14	the	the	DET
ejge-4284	92	15	likelihood	likelihood	NOUN
ejge-4284	92	16	of	of	ADP
ejge-4284	92	17	starting	start	VERB
ejge-4284	92	18	fiscal	fiscal	ADJ
ejge-4284	92	19	consolidations	consolidation	NOUN
ejge-4284	92	20	,	,	PUNCT
ejge-4284	92	21	although	although	SCONJ
ejge-4284	92	22	they	they	PRON
ejge-4284	92	23	reduce	reduce	VERB
ejge-4284	92	24	the	the	DET
ejge-4284	92	25	chances	chance	NOUN
ejge-4284	92	26	of	of	ADP
ejge-4284	92	27	success	success	NOUN
ejge-4284	92	28	,	,	PUNCT
ejge-4284	92	29	and	and	CCONJ
ejge-4284	92	30	b	b	X
ejge-4284	92	31	)	)	PUNCT
ejge-4284	92	32	that	that	SCONJ
ejge-4284	92	33	fiscal	fiscal	ADJ
ejge-4284	92	34	consolidation	consolidation	NOUN
ejge-4284	92	35	is	be	AUX
ejge-4284	92	36	likely	likely	ADJ
ejge-4284	92	37	to	to	PART
ejge-4284	92	38	start	start	VERB
ejge-4284	92	39	when	when	SCONJ
ejge-4284	92	40	the	the	DET
ejge-4284	92	41	domestic	domestic	ADJ
ejge-4284	92	42	economy	economy	NOUN
ejge-4284	92	43	is	be	AUX
ejge-4284	92	44	doing	do	VERB
ejge-4284	92	45	well	well	ADV
ejge-4284	92	46	compared	compare	VERB
ejge-4284	92	47	to	to	ADP
ejge-4284	92	48	other	other	ADJ
ejge-4284	92	49	economies	economy	NOUN
ejge-4284	92	50	.	.	PUNCT
ejge-4284	93	1	european	european	ADJ
ejge-4284	93	2	journal	journal	PROPN
ejge-4284	93	3	of	of	ADP
ejge-4284	93	4	government	government	NOUN
ejge-4284	93	5	and	and	CCONJ
ejge-4284	93	6	economics	economic	NOUN
ejge-4284	93	7	2(1	2(1	NUM
ejge-4284	93	8	)	)	PUNCT
ejge-4284	93	9	10	10	NUM
ejge-4284	93	10	exchange	exchange	NOUN
ejge-4284	93	11	rates	rate	NOUN
ejge-4284	93	12	as	as	SCONJ
ejge-4284	93	13	currency	currency	NOUN
ejge-4284	93	14	devaluations	devaluation	NOUN
ejge-4284	93	15	increase	increase	VERB
ejge-4284	93	16	the	the	DET
ejge-4284	93	17	likelihood	likelihood	NOUN
ejge-4284	93	18	of	of	ADP
ejge-4284	93	19	success	success	NOUN
ejge-4284	93	20	.	.	PUNCT
ejge-4284	94	1	heylen	heylen	PROPN
ejge-4284	94	2	and	and	CCONJ
ejge-4284	94	3	everaert	everaert	PROPN
ejge-4284	94	4	(	(	PUNCT
ejge-4284	94	5	2000	2000	NUM
ejge-4284	94	6	)	)	PUNCT
ejge-4284	94	7	suggest	suggest	VERB
ejge-4284	94	8	that	that	SCONJ
ejge-4284	94	9	currency	currency	NOUN
ejge-4284	94	10	devaluations	devaluation	NOUN
ejge-4284	94	11	prior	prior	ADV
ejge-4284	94	12	to	to	ADP
ejge-4284	94	13	consolidation	consolidation	NOUN
ejge-4284	94	14	episodes	episode	NOUN
ejge-4284	94	15	may	may	AUX
ejge-4284	94	16	be	be	AUX
ejge-4284	94	17	beneficial	beneficial	ADJ
ejge-4284	94	18	to	to	ADP
ejge-4284	94	19	their	their	PRON
ejge-4284	94	20	success	success	NOUN
ejge-4284	94	21	,	,	PUNCT
ejge-4284	94	22	but	but	CCONJ
ejge-4284	94	23	only	only	ADV
ejge-4284	94	24	under	under	ADP
ejge-4284	94	25	the	the	DET
ejge-4284	94	26	right	right	ADJ
ejge-4284	94	27	composition	composition	NOUN
ejge-4284	94	28	of	of	ADP
ejge-4284	94	29	fiscal	fiscal	ADJ
ejge-4284	94	30	adjustment	adjustment	NOUN
ejge-4284	94	31	–	–	PUNCT
ejge-4284	94	32	otherwise	otherwise	ADV
ejge-4284	94	33	it	it	PRON
ejge-4284	94	34	is	be	AUX
ejge-4284	94	35	counterproductive	counterproductive	ADJ
ejge-4284	94	36	.	.	PUNCT
ejge-4284	95	1	also	also	ADV
ejge-4284	95	2	a	a	DET
ejge-4284	95	3	favourable	favourable	ADJ
ejge-4284	95	4	international	international	ADJ
ejge-4284	95	5	economic	economic	ADJ
ejge-4284	95	6	environment	environment	NOUN
ejge-4284	95	7	(	(	PUNCT
ejge-4284	95	8	high	high	ADJ
ejge-4284	95	9	economic	economic	ADJ
ejge-4284	95	10	growth	growth	NOUN
ejge-4284	95	11	)	)	PUNCT
ejge-4284	95	12	has	have	AUX
ejge-4284	95	13	generally	generally	ADV
ejge-4284	95	14	been	be	AUX
ejge-4284	95	15	assessed	assess	VERB
ejge-4284	95	16	as	as	ADP
ejge-4284	95	17	sustaining	sustain	VERB
ejge-4284	95	18	fiscal	fiscal	ADJ
ejge-4284	95	19	consolidations	consolidation	NOUN
ejge-4284	95	20	(	(	PUNCT
ejge-4284	95	21	alesina	alesina	NOUN
ejge-4284	95	22	and	and	CCONJ
ejge-4284	95	23	perotti	perotti	PROPN
ejge-4284	95	24	(	(	PUNCT
ejge-4284	95	25	1995	1995	NUM
ejge-4284	95	26	)	)	PUNCT
ejge-4284	95	27	and	and	CCONJ
ejge-4284	95	28	heylen	heylen	NOUN
ejge-4284	95	29	and	and	CCONJ
ejge-4284	95	30	everaert	everaert	NOUN
ejge-4284	95	31	(	(	PUNCT
ejge-4284	95	32	2000	2000	NUM
ejge-4284	95	33	)	)	PUNCT
ejge-4284	95	34	)	)	PUNCT
ejge-4284	95	35	.	.	PUNCT
ejge-4284	96	1	there	there	PRON
ejge-4284	96	2	is	be	VERB
ejge-4284	96	3	a	a	DET
ejge-4284	96	4	lack	lack	NOUN
ejge-4284	96	5	of	of	ADP
ejge-4284	96	6	empirical	empirical	ADJ
ejge-4284	96	7	evidence	evidence	NOUN
ejge-4284	96	8	,	,	PUNCT
ejge-4284	96	9	to	to	ADP
ejge-4284	96	10	the	the	DET
ejge-4284	96	11	best	good	ADJ
ejge-4284	96	12	of	of	ADP
ejge-4284	96	13	our	our	PRON
ejge-4284	96	14	knowledge	knowledge	NOUN
ejge-4284	96	15	,	,	PUNCT
ejge-4284	96	16	on	on	ADP
ejge-4284	96	17	the	the	DET
ejge-4284	96	18	impact	impact	NOUN
ejge-4284	96	19	of	of	ADP
ejge-4284	96	20	private	private	ADJ
ejge-4284	96	21	sector	sector	NOUN
ejge-4284	96	22	balance	balance	NOUN
ejge-4284	96	23	sheets	sheet	NOUN
ejge-4284	96	24	and	and	CCONJ
ejge-4284	96	25	wider	wide	ADJ
ejge-4284	96	26	financial	financial	ADJ
ejge-4284	96	27	conditions	condition	NOUN
ejge-4284	96	28	in	in	ADP
ejge-4284	96	29	sustaining	sustain	VERB
ejge-4284	96	30	consolidations	consolidation	NOUN
ejge-4284	96	31	.	.	PUNCT
ejge-4284	97	1	for	for	ADP
ejge-4284	97	2	some	some	DET
ejge-4284	97	3	euro	euro	NOUN
ejge-4284	97	4	area	area	NOUN
ejge-4284	97	5	members	member	NOUN
ejge-4284	97	6	,	,	PUNCT
ejge-4284	97	7	with	with	ADP
ejge-4284	97	8	on	on	ADP
ejge-4284	97	9	-	-	PUNCT
ejge-4284	97	10	going	go	VERB
ejge-4284	97	11	private	private	ADJ
ejge-4284	97	12	sector	sector	NOUN
ejge-4284	97	13	balance	balance	NOUN
ejge-4284	97	14	-	-	PUNCT
ejge-4284	97	15	sheet	sheet	NOUN
ejge-4284	97	16	adjustment	adjustment	NOUN
ejge-4284	97	17	and	and	CCONJ
ejge-4284	97	18	financial	financial	ADJ
ejge-4284	97	19	sector	sector	NOUN
ejge-4284	97	20	restructuring	restructuring	NOUN
ejge-4284	97	21	,	,	PUNCT
ejge-4284	97	22	weak	weak	ADJ
ejge-4284	97	23	growth	growth	NOUN
ejge-4284	97	24	prospects	prospect	NOUN
ejge-4284	97	25	and	and	CCONJ
ejge-4284	97	26	large	large	ADJ
ejge-4284	97	27	current	current	ADJ
ejge-4284	97	28	account	account	NOUN
ejge-4284	97	29	deficits	deficit	NOUN
ejge-4284	97	30	,	,	PUNCT
ejge-4284	97	31	the	the	DET
ejge-4284	97	32	ability	ability	NOUN
ejge-4284	97	33	to	to	PART
ejge-4284	97	34	change	change	VERB
ejge-4284	97	35	course	course	NOUN
ejge-4284	97	36	–	–	PUNCT
ejge-4284	97	37	and	and	CCONJ
ejge-4284	97	38	not	not	PART
ejge-4284	97	39	simply	simply	ADV
ejge-4284	97	40	the	the	DET
ejge-4284	97	41	government	government	NOUN
ejge-4284	97	42	’s	’s	PART
ejge-4284	97	43	willingness	willingness	NOUN
ejge-4284	97	44	to	to	PART
ejge-4284	97	45	make	make	VERB
ejge-4284	97	46	the	the	DET
ejge-4284	97	47	adjustment	adjustment	NOUN
ejge-4284	97	48	–	–	PUNCT
ejge-4284	97	49	will	will	AUX
ejge-4284	97	50	matter	matter	VERB
ejge-4284	97	51	.	.	PUNCT
ejge-4284	98	1	the	the	DET
ejge-4284	98	2	literature	literature	NOUN
ejge-4284	98	3	suggests	suggest	VERB
ejge-4284	98	4	that	that	SCONJ
ejge-4284	98	5	consolidations	consolidation	NOUN
ejge-4284	98	6	are	be	AUX
ejge-4284	98	7	more	more	ADV
ejge-4284	98	8	difficult	difficult	ADJ
ejge-4284	98	9	after	after	ADP
ejge-4284	98	10	financial	financial	ADJ
ejge-4284	98	11	crises	crisis	NOUN
ejge-4284	98	12	and	and	CCONJ
ejge-4284	98	13	depend	depend	VERB
ejge-4284	98	14	crucially	crucially	ADV
ejge-4284	98	15	on	on	ADP
ejge-4284	98	16	the	the	DET
ejge-4284	98	17	resolution	resolution	NOUN
ejge-4284	98	18	of	of	ADP
ejge-4284	98	19	problems	problem	NOUN
ejge-4284	98	20	in	in	ADP
ejge-4284	98	21	the	the	DET
ejge-4284	98	22	banking	banking	NOUN
ejge-4284	98	23	sector	sector	NOUN
ejge-4284	98	24	(	(	PUNCT
ejge-4284	98	25	baldacci	baldacci	PROPN
ejge-4284	98	26	,	,	PUNCT
ejge-4284	98	27	gupta	gupta	PROPN
ejge-4284	98	28	and	and	CCONJ
ejge-4284	98	29	mulas	mulas	PROPN
ejge-4284	98	30	-	-	PUNCT
ejge-4284	98	31	granados	granados	PROPN
ejge-4284	98	32	(	(	PUNCT
ejge-4284	98	33	2010	2010	NUM
ejge-4284	98	34	)	)	PUNCT
ejge-4284	98	35	;	;	PUNCT
ejge-4284	98	36	and	and	CCONJ
ejge-4284	98	37	barrios	barrio	NOUN
ejge-4284	98	38	et	et	PROPN
ejge-4284	98	39	al	al	PROPN
ejge-4284	98	40	.	.	PUNCT
ejge-4284	98	41	(	(	PUNCT
ejge-4284	98	42	2010	2010	NUM
ejge-4284	98	43	)	)	PUNCT
ejge-4284	98	44	)	)	PUNCT
ejge-4284	98	45	.	.	PUNCT
ejge-4284	99	1	in	in	ADP
ejge-4284	99	2	identifying	identify	VERB
ejge-4284	99	3	financial	financial	ADJ
ejge-4284	99	4	factors	factor	NOUN
ejge-4284	99	5	,	,	PUNCT
ejge-4284	99	6	we	we	PRON
ejge-4284	99	7	follow	follow	VERB
ejge-4284	99	8	the	the	DET
ejge-4284	99	9	imf	imf	PROPN
ejge-4284	99	10	(	(	PUNCT
ejge-4284	99	11	2008	2008	NUM
ejge-4284	99	12	and	and	CCONJ
ejge-4284	99	13	2009	2009	NUM
ejge-4284	99	14	)	)	PUNCT
ejge-4284	99	15	,	,	PUNCT
ejge-4284	99	16	which	which	PRON
ejge-4284	99	17	identified	identify	VERB
ejge-4284	99	18	fifteen	fifteen	NUM
ejge-4284	99	19	recessions	recession	NOUN
ejge-4284	99	20	that	that	PRON
ejge-4284	99	21	were	be	AUX
ejge-4284	99	22	associated	associate	VERB
ejge-4284	99	23	with	with	ADP
ejge-4284	99	24	(	(	PUNCT
ejge-4284	99	25	i.e.	i.e.	X
ejge-4284	99	26	followed	followed	ADJ
ejge-4284	99	27	)	)	PUNCT
ejge-4284	99	28	financial	financial	ADJ
ejge-4284	99	29	crises	crisis	NOUN
ejge-4284	99	30	.	.	PUNCT
ejge-4284	100	1	in	in	ADP
ejge-4284	100	2	doing	do	VERB
ejge-4284	100	3	so	so	ADV
ejge-4284	100	4	they	they	PRON
ejge-4284	100	5	relied	rely	VERB
ejge-4284	100	6	on	on	ADP
ejge-4284	100	7	the	the	DET
ejge-4284	100	8	narrative	narrative	ADJ
ejge-4284	100	9	analysis	analysis	NOUN
ejge-4284	100	10	of	of	ADP
ejge-4284	100	11	reinhart	reinhart	NOUN
ejge-4284	100	12	and	and	CCONJ
ejge-4284	100	13	rogoff	rogoff	NOUN
ejge-4284	100	14	in	in	ADP
ejge-4284	100	15	a	a	DET
ejge-4284	100	16	series	series	NOUN
ejge-4284	100	17	of	of	ADP
ejge-4284	100	18	recent	recent	ADJ
ejge-4284	100	19	papers	paper	NOUN
ejge-4284	100	20	(	(	PUNCT
ejge-4284	100	21	2008	2008	NUM
ejge-4284	100	22	,	,	PUNCT
ejge-4284	100	23	2009	2009	NUM
ejge-4284	100	24	)	)	PUNCT
ejge-4284	100	25	describing	describe	VERB
ejge-4284	100	26	banking	banking	NOUN
ejge-4284	100	27	crises	crisis	NOUN
ejge-4284	100	28	over	over	ADP
ejge-4284	100	29	the	the	DET
ejge-4284	100	30	past	past	ADJ
ejge-4284	100	31	four	four	NUM
ejge-4284	100	32	decades	decade	NOUN
ejge-4284	100	33	.	.	PUNCT
ejge-4284	101	1	that	that	DET
ejge-4284	101	2	analysis	analysis	NOUN
ejge-4284	101	3	built	build	VERB
ejge-4284	101	4	on	on	ADP
ejge-4284	101	5	work	work	NOUN
ejge-4284	101	6	identifying	identify	VERB
ejge-4284	101	7	banking	banking	NOUN
ejge-4284	101	8	crisis	crisis	NOUN
ejge-4284	101	9	episodes	episode	NOUN
ejge-4284	101	10	from	from	ADP
ejge-4284	101	11	the	the	DET
ejge-4284	101	12	world	world	NOUN
ejge-4284	101	13	bank	bank	PROPN
ejge-4284	101	14	–	–	PUNCT
ejge-4284	101	15	see	see	VERB
ejge-4284	101	16	caprio	caprio	PROPN
ejge-4284	101	17	,	,	PUNCT
ejge-4284	101	18	klingebiel	klingebiel	PROPN
ejge-4284	101	19	,	,	PUNCT
ejge-4284	101	20	laeven	laeven	ADJ
ejge-4284	101	21	and	and	CCONJ
ejge-4284	101	22	noguera	noguera	NOUN
ejge-4284	101	23	(	(	PUNCT
ejge-4284	101	24	2003	2003	NUM
ejge-4284	101	25	)	)	PUNCT
ejge-4284	101	26	.	.	PUNCT
ejge-4284	102	1	the	the	DET
ejge-4284	102	2	article	article	NOUN
ejge-4284	102	3	proceeds	proceed	VERB
ejge-4284	102	4	as	as	SCONJ
ejge-4284	102	5	follows	follow	VERB
ejge-4284	102	6	.	.	PUNCT
ejge-4284	103	1	section	section	NOUN
ejge-4284	103	2	3	3	NUM
ejge-4284	103	3	outlines	outline	VERB
ejge-4284	103	4	a	a	DET
ejge-4284	103	5	definition	definition	NOUN
ejge-4284	103	6	of	of	ADP
ejge-4284	103	7	consolidation	consolidation	NOUN
ejge-4284	103	8	episodes	episode	NOUN
ejge-4284	103	9	and	and	CCONJ
ejge-4284	103	10	presents	present	VERB
ejge-4284	103	11	some	some	DET
ejge-4284	103	12	stylised	stylised	ADJ
ejge-4284	103	13	facts	fact	NOUN
ejge-4284	103	14	.	.	PUNCT
ejge-4284	104	1	section	section	NOUN
ejge-4284	104	2	4	4	NUM
ejge-4284	104	3	describes	describe	VERB
ejge-4284	104	4	the	the	DET
ejge-4284	104	5	analysis	analysis	NOUN
ejge-4284	104	6	method	method	NOUN
ejge-4284	104	7	,	,	PUNCT
ejge-4284	104	8	and	and	CCONJ
ejge-4284	104	9	section	section	NOUN
ejge-4284	104	10	5	5	NUM
ejge-4284	104	11	presents	present	NOUN
ejge-4284	104	12	estimates	estimate	NOUN
ejge-4284	104	13	of	of	ADP
ejge-4284	104	14	survival	survival	NOUN
ejge-4284	104	15	functions	function	NOUN
ejge-4284	104	16	for	for	ADP
ejge-4284	104	17	consolidation	consolidation	NOUN
ejge-4284	104	18	episodes	episode	NOUN
ejge-4284	104	19	.	.	PUNCT
ejge-4284	105	1	section	section	NOUN
ejge-4284	105	2	6	6	NUM
ejge-4284	105	3	elaborates	elaborate	VERB
ejge-4284	105	4	on	on	ADP
ejge-4284	105	5	the	the	DET
ejge-4284	105	6	robustness	robustness	NOUN
ejge-4284	105	7	of	of	ADP
ejge-4284	105	8	the	the	DET
ejge-4284	105	9	results	result	NOUN
ejge-4284	105	10	.	.	PUNCT
ejge-4284	106	1	section	section	NOUN
ejge-4284	106	2	7	7	NUM
ejge-4284	106	3	illustrates	illustrate	VERB
ejge-4284	106	4	an	an	DET
ejge-4284	106	5	example	example	NOUN
ejge-4284	106	6	of	of	ADP
ejge-4284	106	7	the	the	DET
ejge-4284	106	8	role	role	NOUN
ejge-4284	106	9	of	of	ADP
ejge-4284	106	10	push	push	NOUN
ejge-4284	106	11	and	and	CCONJ
ejge-4284	106	12	pull	pull	VERB
ejge-4284	106	13	factors	factor	NOUN
ejge-4284	106	14	in	in	ADP
ejge-4284	106	15	selected	select	VERB
ejge-4284	106	16	euro	euro	NOUN
ejge-4284	106	17	area	area	NOUN
ejge-4284	106	18	countries	country	NOUN
ejge-4284	106	19	.	.	PUNCT
ejge-4284	107	1	finally	finally	ADV
ejge-4284	107	2	,	,	PUNCT
ejge-4284	107	3	section	section	NOUN
ejge-4284	107	4	8	8	NUM
ejge-4284	107	5	concludes	conclude	VERB
ejge-4284	107	6	.	.	PUNCT
ejge-4284	108	1	a	a	DET
ejge-4284	108	2	definition	definition	NOUN
ejge-4284	108	3	of	of	ADP
ejge-4284	108	4	consolidation	consolidation	NOUN
ejge-4284	108	5	episodes	episode	NOUN
ejge-4284	108	6	and	and	CCONJ
ejge-4284	108	7	some	some	DET
ejge-4284	108	8	initial	initial	ADJ
ejge-4284	108	9	stylized	stylize	VERB
ejge-4284	108	10	facts	fact	NOUN
ejge-4284	108	11	to	to	PART
ejge-4284	108	12	start	start	VERB
ejge-4284	108	13	the	the	DET
ejge-4284	108	14	analysis	analysis	NOUN
ejge-4284	108	15	we	we	PRON
ejge-4284	108	16	need	need	VERB
ejge-4284	108	17	to	to	PART
ejge-4284	108	18	define	define	VERB
ejge-4284	108	19	a	a	DET
ejge-4284	108	20	sample	sample	NOUN
ejge-4284	108	21	of	of	ADP
ejge-4284	108	22	consolidation	consolidation	NOUN
ejge-4284	108	23	episodes	episode	NOUN
ejge-4284	108	24	and	and	CCONJ
ejge-4284	108	25	their	their	PRON
ejge-4284	108	26	duration	duration	NOUN
ejge-4284	108	27	.	.	PUNCT
ejge-4284	109	1	the	the	DET
ejge-4284	109	2	literature	literature	NOUN
ejge-4284	109	3	takes	take	VERB
ejge-4284	109	4	two	two	NUM
ejge-4284	109	5	approaches	approach	NOUN
ejge-4284	109	6	.	.	PUNCT
ejge-4284	110	1	one	one	NUM
ejge-4284	110	2	angle	angle	NOUN
ejge-4284	110	3	is	be	AUX
ejge-4284	110	4	to	to	PART
ejge-4284	110	5	measure	measure	VERB
ejge-4284	110	6	fiscal	fiscal	ADJ
ejge-4284	110	7	consolidations	consolidation	NOUN
ejge-4284	110	8	based	base	VERB
ejge-4284	110	9	on	on	ADP
ejge-4284	110	10	reductions	reduction	NOUN
ejge-4284	110	11	of	of	ADP
ejge-4284	110	12	the	the	DET
ejge-4284	110	13	general	general	ADJ
ejge-4284	110	14	government	government	NOUN
ejge-4284	110	15	debt	debt	NOUN
ejge-4284	110	16	-	-	PUNCT
ejge-4284	110	17	to	to	ADP
ejge-4284	110	18	-	-	PUNCT
ejge-4284	110	19	gdp	gdp	NOUN
ejge-4284	110	20	ratios	ratio	NOUN
ejge-4284	110	21	accomplished	accomplish	VERB
ejge-4284	110	22	during	during	ADP
ejge-4284	110	23	the	the	DET
ejge-4284	110	24	consolidation	consolidation	NOUN
ejge-4284	110	25	period	period	NOUN
ejge-4284	110	26	.	.	PUNCT
ejge-4284	111	1	in	in	ADP
ejge-4284	111	2	those	those	DET
ejge-4284	111	3	studies	study	NOUN
ejge-4284	111	4	,	,	PUNCT
ejge-4284	111	5	the	the	DET
ejge-4284	111	6	duration	duration	NOUN
ejge-4284	111	7	of	of	ADP
ejge-4284	111	8	a	a	DET
ejge-4284	111	9	consolidation	consolidation	NOUN
ejge-4284	111	10	episode	episode	NOUN
ejge-4284	111	11	is	be	AUX
ejge-4284	111	12	set	set	VERB
ejge-4284	111	13	by	by	ADP
ejge-4284	111	14	the	the	DET
ejge-4284	111	15	period	period	NOUN
ejge-4284	111	16	of	of	ADP
ejge-4284	111	17	time	time	NOUN
ejge-4284	111	18	required	require	VERB
ejge-4284	111	19	to	to	PART
ejge-4284	111	20	reduce	reduce	VERB
ejge-4284	111	21	debt	debt	NOUN
ejge-4284	111	22	by	by	ADP
ejge-4284	111	23	a	a	DET
ejge-4284	111	24	given	give	VERB
ejge-4284	111	25	amount	amount	NOUN
ejge-4284	111	26	.	.	PUNCT
ejge-4284	112	1	the	the	DET
ejge-4284	112	2	second	second	ADJ
ejge-4284	112	3	approach	approach	NOUN
ejge-4284	112	4	,	,	PUNCT
ejge-4284	112	5	which	which	PRON
ejge-4284	112	6	we	we	PRON
ejge-4284	112	7	take	take	VERB
ejge-4284	112	8	here	here	ADV
ejge-4284	112	9	,	,	PUNCT
ejge-4284	112	10	is	be	AUX
ejge-4284	112	11	to	to	PART
ejge-4284	112	12	assess	assess	VERB
ejge-4284	112	13	consolidation	consolidation	NOUN
ejge-4284	112	14	periods	period	NOUN
ejge-4284	112	15	according	accord	VERB
ejge-4284	112	16	to	to	ADP
ejge-4284	112	17	changes	change	NOUN
ejge-4284	112	18	in	in	ADP
ejge-4284	112	19	the	the	DET
ejge-4284	112	20	government	government	NOUN
ejge-4284	112	21	deficit	deficit	NOUN
ejge-4284	112	22	,	,	PUNCT
ejge-4284	112	23	with	with	ADP
ejge-4284	112	24	most	most	ADJ
ejge-4284	112	25	papers	paper	NOUN
ejge-4284	112	26	choosing	choose	VERB
ejge-4284	112	27	to	to	PART
ejge-4284	112	28	look	look	VERB
ejge-4284	112	29	at	at	ADP
ejge-4284	112	30	developments	development	NOUN
ejge-4284	112	31	in	in	ADP
ejge-4284	112	32	the	the	DET
ejge-4284	112	33	cyclically	cyclically	ADV
ejge-4284	112	34	-	-	PUNCT
ejge-4284	112	35	adjusted	adjust	VERB
ejge-4284	112	36	primary	primary	ADJ
ejge-4284	112	37	budget	budget	NOUN
ejge-4284	112	38	balance	balance	NOUN
ejge-4284	112	39	(	(	PUNCT
ejge-4284	112	40	capb	capb	PROPN
ejge-4284	112	41	)	)	PUNCT
ejge-4284	112	42	which	which	PRON
ejge-4284	112	43	excludes	exclude	VERB
ejge-4284	112	44	the	the	DET
ejge-4284	112	45	influence	influence	NOUN
ejge-4284	112	46	of	of	ADP
ejge-4284	112	47	interest	interest	NOUN
ejge-4284	112	48	rate	rate	NOUN
ejge-4284	112	49	developments	development	NOUN
ejge-4284	112	50	and	and	CCONJ
ejge-4284	112	51	the	the	DET
ejge-4284	112	52	cyclical	cyclical	ADJ
ejge-4284	112	53	fluctuations	fluctuation	NOUN
ejge-4284	112	54	in	in	ADP
ejge-4284	112	55	economic	economic	ADJ
ejge-4284	112	56	activity	activity	NOUN
ejge-4284	112	57	on	on	ADP
ejge-4284	112	58	the	the	DET
ejge-4284	112	59	government	government	NOUN
ejge-4284	112	60	deficit	deficit	NOUN
ejge-4284	112	61	.	.	PUNCT
ejge-4284	113	1	the	the	DET
ejge-4284	113	2	duration	duration	NOUN
ejge-4284	113	3	of	of	ADP
ejge-4284	113	4	a	a	DET
ejge-4284	113	5	consolidation	consolidation	NOUN
ejge-4284	113	6	period	period	NOUN
ejge-4284	113	7	depends	depend	VERB
ejge-4284	113	8	broadly	broadly	ADV
ejge-4284	113	9	on	on	ADP
ejge-4284	113	10	the	the	DET
ejge-4284	113	11	length	length	NOUN
ejge-4284	113	12	of	of	ADP
ejge-4284	113	13	period	period	NOUN
ejge-4284	113	14	in	in	ADP
ejge-4284	113	15	which	which	PRON
ejge-4284	113	16	the	the	DET
ejge-4284	113	17	government	government	NOUN
ejge-4284	113	18	deficit	deficit	NOUN
ejge-4284	113	19	(	(	PUNCT
ejge-4284	113	20	measured	measure	VERB
ejge-4284	113	21	by	by	ADP
ejge-4284	113	22	capb	capb	NOUN
ejge-4284	113	23	)	)	PUNCT
ejge-4284	113	24	improves	improve	VERB
ejge-4284	113	25	.	.	PUNCT
ejge-4284	114	1	while	while	SCONJ
ejge-4284	114	2	the	the	DET
ejge-4284	114	3	use	use	NOUN
ejge-4284	114	4	of	of	ADP
ejge-4284	114	5	the	the	DET
ejge-4284	114	6	capb	capb	PROPN
ejge-4284	114	7	indicator	indicator	NOUN
ejge-4284	114	8	is	be	AUX
ejge-4284	114	9	fairly	fairly	ADV
ejge-4284	114	10	common	common	ADJ
ejge-4284	114	11	in	in	ADP
ejge-4284	114	12	the	the	DET
ejge-4284	114	13	literature	literature	NOUN
ejge-4284	114	14	,	,	PUNCT
ejge-4284	114	15	it	it	PRON
ejge-4284	114	16	is	be	AUX
ejge-4284	114	17	subject	subject	ADJ
ejge-4284	114	18	to	to	ADP
ejge-4284	114	19	some	some	DET
ejge-4284	114	20	criticism	criticism	NOUN
ejge-4284	114	21	regarding	regard	VERB
ejge-4284	114	22	its	its	PRON
ejge-4284	114	23	limitations	limitation	NOUN
ejge-4284	114	24	to	to	PART
ejge-4284	114	25	capture	capture	VERB
ejge-4284	114	26	the	the	DET
ejge-4284	114	27	macroeconomic	macroeconomic	ADJ
ejge-4284	114	28	effects	effect	NOUN
ejge-4284	114	29	of	of	ADP
ejge-4284	114	30	fiscal	fiscal	ADJ
ejge-4284	114	31	consolidations	consolidation	NOUN
ejge-4284	114	32	(	(	PUNCT
ejge-4284	114	33	devries	devries	PROPN
ejge-4284	114	34	et	et	PROPN
ejge-4284	114	35	al	al	PROPN
ejge-4284	114	36	.	.	PROPN
ejge-4284	114	37	,	,	PUNCT
ejge-4284	114	38	2011	2011	NUM
ejge-4284	114	39	)	)	PUNCT
ejge-4284	114	40	.	.	PUNCT
ejge-4284	115	1	while	while	SCONJ
ejge-4284	115	2	a	a	DET
ejge-4284	115	3	number	number	NOUN
ejge-4284	115	4	of	of	ADP
ejge-4284	115	5	studies	study	NOUN
ejge-4284	115	6	use	use	VERB
ejge-4284	115	7	the	the	DET
ejge-4284	115	8	capb	capb	PROPN
ejge-4284	115	9	approach	approach	NOUN
ejge-4284	115	10	to	to	ADP
ejge-4284	115	11	defining	define	VERB
ejge-4284	115	12	consolidations	consolidation	NOUN
ejge-4284	115	13	,	,	PUNCT
ejge-4284	115	14	each	each	DET
ejge-4284	115	15	study	study	NOUN
ejge-4284	115	16	tends	tend	VERB
ejge-4284	115	17	to	to	PART
ejge-4284	115	18	set	set	VERB
ejge-4284	115	19	different	different	ADJ
ejge-4284	115	20	thresholds	threshold	NOUN
ejge-4284	115	21	for	for	ADP
ejge-4284	115	22	what	what	PRON
ejge-4284	115	23	constitutes	constitute	VERB
ejge-4284	115	24	the	the	DET
ejge-4284	115	25	start	start	NOUN
ejge-4284	115	26	of	of	ADP
ejge-4284	115	27	a	a	DET
ejge-4284	115	28	consolidation	consolidation	NOUN
ejge-4284	115	29	and	and	CCONJ
ejge-4284	115	30	what	what	PRON
ejge-4284	115	31	represents	represent	VERB
ejge-4284	115	32	an	an	DET
ejge-4284	115	33	ongoing	ongoing	ADJ
ejge-4284	115	34	improvement	improvement	NOUN
ejge-4284	115	35	.	.	PUNCT
ejge-4284	116	1	perhaps	perhaps	ADV
ejge-4284	116	2	the	the	DET
ejge-4284	116	3	simplest	simple	ADJ
ejge-4284	116	4	definition	definition	NOUN
ejge-4284	116	5	,	,	PUNCT
ejge-4284	116	6	used	use	VERB
ejge-4284	116	7	by	by	ADP
ejge-4284	116	8	maroto	maroto	PROPN
ejge-4284	116	9	illera	illera	PROPN
ejge-4284	116	10	and	and	CCONJ
ejge-4284	116	11	mulas	mulas	PROPN
ejge-4284	116	12	-	-	PUNCT
ejge-4284	116	13	granados	granados	PROPN
ejge-4284	116	14	(	(	PUNCT
ejge-4284	116	15	2008	2008	NUM
ejge-4284	116	16	)	)	PUNCT
ejge-4284	116	17	and	and	CCONJ
ejge-4284	116	18	von	von	PROPN
ejge-4284	116	19	hagen	hagen	PROPN
ejge-4284	116	20	et	et	PROPN
ejge-4284	116	21	al	al	PROPN
ejge-4284	116	22	.	.	PROPN
ejge-4284	116	23	(	(	PUNCT
ejge-4284	116	24	2002	2002	NUM
ejge-4284	116	25	)	)	PUNCT
ejge-4284	116	26	,	,	PUNCT
ejge-4284	116	27	is	be	AUX
ejge-4284	116	28	for	for	SCONJ
ejge-4284	116	29	the	the	DET
ejge-4284	116	30	duration	duration	NOUN
ejge-4284	116	31	of	of	ADP
ejge-4284	116	32	the	the	DET
ejge-4284	116	33	consolidation	consolidation	NOUN
ejge-4284	116	34	episode	episode	NOUN
ejge-4284	116	35	to	to	PART
ejge-4284	116	36	represent	represent	VERB
ejge-4284	116	37	the	the	DET
ejge-4284	116	38	number	number	NOUN
ejge-4284	116	39	of	of	ADP
ejge-4284	116	40	years	year	NOUN
ejge-4284	116	41	in	in	ADP
ejge-4284	116	42	which	which	PRON
ejge-4284	116	43	the	the	DET
ejge-4284	116	44	capb	capb	NOUN
ejge-4284	116	45	improves	improve	VERB
ejge-4284	116	46	.	.	PUNCT
ejge-4284	117	1	one	one	NUM
ejge-4284	117	2	criticism	criticism	NOUN
ejge-4284	117	3	of	of	ADP
ejge-4284	117	4	that	that	DET
ejge-4284	117	5	approach	approach	NOUN
ejge-4284	117	6	,	,	PUNCT
ejge-4284	117	7	however	however	ADV
ejge-4284	117	8	,	,	PUNCT
ejge-4284	117	9	is	be	AUX
ejge-4284	117	10	that	that	SCONJ
ejge-4284	117	11	it	it	PRON
ejge-4284	117	12	captures	capture	VERB
ejge-4284	117	13	a	a	DET
ejge-4284	117	14	lot	lot	NOUN
ejge-4284	117	15	of	of	ADP
ejge-4284	117	16	short	short	ADJ
ejge-4284	117	17	,	,	PUNCT
ejge-4284	117	18	small	small	ADJ
ejge-4284	117	19	changes	change	NOUN
ejge-4284	117	20	in	in	ADP
ejge-4284	117	21	the	the	DET
ejge-4284	117	22	government	government	NOUN
ejge-4284	117	23	fiscal	fiscal	ADJ
ejge-4284	117	24	stance	stance	NOUN
ejge-4284	117	25	,	,	PUNCT
ejge-4284	117	26	which	which	PRON
ejge-4284	117	27	lodge	lodge	NOUN
ejge-4284	117	28	and	and	CCONJ
ejge-4284	117	29	rodríguez	rodríguez	NOUN
ejge-4284	117	30	-	-	PUNCT
ejge-4284	117	31	vives	vive	NOUN
ejge-4284	117	32	●	●	PUNCT
ejge-4284	117	33	how	how	SCONJ
ejge-4284	117	34	long	long	ADV
ejge-4284	117	35	can	can	AUX
ejge-4284	117	36	austerity	austerity	NOUN
ejge-4284	117	37	persist	persist	VERB
ejge-4284	117	38	?	?	PUNCT
ejge-4284	118	1	11	11	NUM
ejge-4284	118	2	might	might	AUX
ejge-4284	118	3	not	not	PART
ejge-4284	118	4	be	be	AUX
ejge-4284	118	5	seen	see	VERB
ejge-4284	118	6	as	as	ADP
ejge-4284	118	7	periods	period	NOUN
ejge-4284	118	8	of	of	ADP
ejge-4284	118	9	active	active	ADJ
ejge-4284	118	10	consolidation.11	consolidation.11	ADJ
ejge-4284	118	11	thus	thus	ADV
ejge-4284	118	12	others	other	NOUN
ejge-4284	118	13	(	(	PUNCT
ejge-4284	118	14	e.g.	e.g.	ADV
ejge-4284	118	15	guichard	guichard	VERB
ejge-4284	118	16	et	et	PROPN
ejge-4284	118	17	al	al	PROPN
ejge-4284	118	18	.	.	PUNCT
ejge-4284	119	1	(	(	PUNCT
ejge-4284	119	2	2007	2007	NUM
ejge-4284	119	3	)	)	PUNCT
ejge-4284	119	4	)	)	PUNCT
ejge-4284	119	5	use	use	VERB
ejge-4284	119	6	a	a	DET
ejge-4284	119	7	stricter	strict	ADJ
ejge-4284	119	8	definition	definition	NOUN
ejge-4284	119	9	of	of	ADP
ejge-4284	119	10	the	the	DET
ejge-4284	119	11	beginning	beginning	NOUN
ejge-4284	119	12	of	of	ADP
ejge-4284	119	13	a	a	DET
ejge-4284	119	14	consolidation	consolidation	NOUN
ejge-4284	119	15	period	period	NOUN
ejge-4284	119	16	,	,	PUNCT
ejge-4284	119	17	requiring	require	VERB
ejge-4284	119	18	a	a	DET
ejge-4284	119	19	substantial	substantial	ADJ
ejge-4284	119	20	initial	initial	ADJ
ejge-4284	119	21	consolidation	consolidation	NOUN
ejge-4284	119	22	effort	effort	NOUN
ejge-4284	119	23	(	(	PUNCT
ejge-4284	119	24	e.g.	e.g.	ADV
ejge-4284	119	25	around	around	ADP
ejge-4284	119	26	1	1	NUM
ejge-4284	119	27	%	%	NOUN
ejge-4284	119	28	or	or	CCONJ
ejge-4284	119	29	1.5	1.5	NUM
ejge-4284	119	30	%	%	NOUN
ejge-4284	119	31	over	over	ADP
ejge-4284	119	32	two	two	NUM
ejge-4284	119	33	years	year	NOUN
ejge-4284	119	34	)	)	PUNCT
ejge-4284	119	35	.	.	PUNCT
ejge-4284	120	1	other	other	ADJ
ejge-4284	120	2	authors	author	NOUN
ejge-4284	120	3	define	define	VERB
ejge-4284	120	4	larger	large	ADJ
ejge-4284	120	5	changes	change	NOUN
ejge-4284	120	6	in	in	ADP
ejge-4284	120	7	capb	capb	NOUN
ejge-4284	120	8	to	to	PART
ejge-4284	120	9	qualify	qualify	VERB
ejge-4284	120	10	for	for	ADP
ejge-4284	120	11	fiscal	fiscal	ADJ
ejge-4284	120	12	consolidation	consolidation	NOUN
ejge-4284	120	13	episode	episode	NOUN
ejge-4284	120	14	(	(	PUNCT
ejge-4284	120	15	e.g.	e.g.	ADV
ejge-4284	120	16	two	two	NUM
ejge-4284	120	17	percentage	percentage	NOUN
ejge-4284	120	18	points	point	NOUN
ejge-4284	120	19	of	of	ADP
ejge-4284	120	20	gdp	gdp	NOUN
ejge-4284	120	21	in	in	ADP
ejge-4284	120	22	one	one	NUM
ejge-4284	120	23	year	year	NOUN
ejge-4284	120	24	by	by	ADP
ejge-4284	120	25	alesina	alesina	NOUN
ejge-4284	120	26	and	and	CCONJ
ejge-4284	120	27	ardagna	ardagna	PROPN
ejge-4284	120	28	(	(	PUNCT
ejge-4284	120	29	1998	1998	NUM
ejge-4284	120	30	)	)	PUNCT
ejge-4284	120	31	)	)	PUNCT
ejge-4284	120	32	or	or	CCONJ
ejge-4284	120	33	more	more	ADJ
ejge-4284	120	34	refined	refined	ADJ
ejge-4284	120	35	definitions	definition	NOUN
ejge-4284	120	36	of	of	ADP
ejge-4284	120	37	changes	change	NOUN
ejge-4284	120	38	in	in	ADP
ejge-4284	120	39	the	the	DET
ejge-4284	120	40	capb	capb	NOUN
ejge-4284	120	41	(	(	PUNCT
ejge-4284	120	42	e.g.	e.g.	ADV
ejge-4284	120	43	afonso	afonso	PROPN
ejge-4284	120	44	(	(	PUNCT
ejge-4284	120	45	2010	2010	NUM
ejge-4284	120	46	)	)	PUNCT
ejge-4284	120	47	uses	use	VERB
ejge-4284	120	48	changes	change	NOUN
ejge-4284	120	49	in	in	ADP
ejge-4284	120	50	capb	capb	NOUN
ejge-4284	120	51	at	at	ADP
ejge-4284	120	52	least	least	ADV
ejge-4284	120	53	1.5	1.5	NUM
ejge-4284	120	54	times	time	NOUN
ejge-4284	120	55	the	the	DET
ejge-4284	120	56	panel	panel	NOUN
ejge-4284	120	57	’s	’s	PART
ejge-4284	120	58	standard	standard	ADJ
ejge-4284	120	59	deviation	deviation	NOUN
ejge-4284	120	60	in	in	ADP
ejge-4284	120	61	one	one	NUM
ejge-4284	120	62	year	year	NOUN
ejge-4284	120	63	,	,	PUNCT
ejge-4284	120	64	or	or	CCONJ
ejge-4284	120	65	when	when	SCONJ
ejge-4284	120	66	the	the	DET
ejge-4284	120	67	change	change	NOUN
ejge-4284	120	68	in	in	ADP
ejge-4284	120	69	the	the	DET
ejge-4284	120	70	capb	capb	NOUN
ejge-4284	120	71	is	be	AUX
ejge-4284	120	72	at	at	ADP
ejge-4284	120	73	least	least	ADJ
ejge-4284	120	74	one	one	NUM
ejge-4284	120	75	standard	standard	ADJ
ejge-4284	120	76	deviation	deviation	NOUN
ejge-4284	120	77	on	on	ADP
ejge-4284	120	78	average	average	NOUN
ejge-4284	120	79	in	in	ADP
ejge-4284	120	80	the	the	DET
ejge-4284	120	81	last	last	ADJ
ejge-4284	120	82	two	two	NUM
ejge-4284	120	83	years	year	NOUN
ejge-4284	120	84	)	)	PUNCT
ejge-4284	120	85	.	.	PUNCT
ejge-4284	121	1	we	we	PRON
ejge-4284	121	2	broadly	broadly	ADV
ejge-4284	121	3	follow	follow	VERB
ejge-4284	121	4	the	the	DET
ejge-4284	121	5	oecd	oecd	PROPN
ejge-4284	121	6	approach	approach	NOUN
ejge-4284	121	7	(	(	PUNCT
ejge-4284	121	8	guichard	guichard	NOUN
ejge-4284	121	9	et	et	PROPN
ejge-4284	121	10	al	al	PROPN
ejge-4284	121	11	.	.	PROPN
ejge-4284	121	12	,	,	PUNCT
ejge-4284	121	13	2007	2007	NUM
ejge-4284	121	14	)	)	PUNCT
ejge-4284	121	15	by	by	ADP
ejge-4284	121	16	defining	define	VERB
ejge-4284	121	17	a	a	DET
ejge-4284	121	18	consolidation	consolidation	NOUN
ejge-4284	121	19	period	period	NOUN
ejge-4284	121	20	as	as	ADP
ejge-4284	121	21	:	:	PUNCT
ejge-4284	121	22	starting	start	VERB
ejge-4284	121	23	if	if	SCONJ
ejge-4284	121	24	the	the	DET
ejge-4284	121	25	capb	capb	NOUN
ejge-4284	121	26	improves	improve	VERB
ejge-4284	121	27	by	by	ADP
ejge-4284	121	28	at	at	ADV
ejge-4284	121	29	least	least	ADV
ejge-4284	121	30	one	one	NUM
ejge-4284	121	31	percentage	percentage	NOUN
ejge-4284	121	32	point	point	NOUN
ejge-4284	121	33	of	of	ADP
ejge-4284	121	34	gdp	gdp	NOUN
ejge-4284	121	35	in	in	ADP
ejge-4284	121	36	one	one	NUM
ejge-4284	121	37	year	year	NOUN
ejge-4284	121	38	or	or	CCONJ
ejge-4284	121	39	at	at	ADV
ejge-4284	121	40	least	least	ADV
ejge-4284	121	41	one	one	NUM
ejge-4284	121	42	half	half	NOUN
ejge-4284	121	43	percentage	percentage	NOUN
ejge-4284	121	44	point	point	NOUN
ejge-4284	121	45	in	in	ADP
ejge-4284	121	46	two	two	NUM
ejge-4284	121	47	consecutive	consecutive	ADJ
ejge-4284	121	48	years	year	NOUN
ejge-4284	121	49	;	;	PUNCT
ejge-4284	121	50	and	and	CCONJ
ejge-4284	121	51	continuing	continue	VERB
ejge-4284	121	52	as	as	ADV
ejge-4284	121	53	long	long	ADV
ejge-4284	121	54	as	as	SCONJ
ejge-4284	121	55	the	the	DET
ejge-4284	121	56	capb	capb	NOUN
ejge-4284	121	57	improves	improve	VERB
ejge-4284	121	58	(	(	PUNCT
ejge-4284	121	59	although	although	SCONJ
ejge-4284	121	60	an	an	DET
ejge-4284	121	61	interruption	interruption	NOUN
ejge-4284	121	62	is	be	AUX
ejge-4284	121	63	allowed	allow	VERB
ejge-4284	121	64	without	without	ADP
ejge-4284	121	65	terminating	terminate	VERB
ejge-4284	121	66	the	the	DET
ejge-4284	121	67	episode	episode	NOUN
ejge-4284	121	68	as	as	ADV
ejge-4284	121	69	long	long	ADV
ejge-4284	121	70	as	as	SCONJ
ejge-4284	121	71	the	the	DET
ejge-4284	121	72	deterioration	deterioration	NOUN
ejge-4284	121	73	of	of	ADP
ejge-4284	121	74	the	the	DET
ejge-4284	121	75	capb	capb	NOUN
ejge-4284	121	76	is	be	AUX
ejge-4284	121	77	small	small	ADJ
ejge-4284	121	78	–	–	PUNCT
ejge-4284	121	79	less	less	ADJ
ejge-4284	121	80	than	than	ADP
ejge-4284	121	81	0.3	0.3	NUM
ejge-4284	121	82	%	%	NOUN
ejge-4284	121	83	of	of	ADP
ejge-4284	121	84	gdp	gdp	NOUN
ejge-4284	121	85	–	–	PUNCT
ejge-4284	121	86	and	and	CCONJ
ejge-4284	121	87	is	be	AUX
ejge-4284	121	88	more	more	ADV
ejge-4284	121	89	than	than	ADP
ejge-4284	121	90	offset	offset	VERB
ejge-4284	121	91	the	the	DET
ejge-4284	121	92	following	following	ADJ
ejge-4284	121	93	year	year	NOUN
ejge-4284	121	94	)	)	PUNCT
ejge-4284	121	95	.	.	PUNCT
ejge-4284	122	1	however	however	ADV
ejge-4284	122	2	,	,	PUNCT
ejge-4284	122	3	we	we	PRON
ejge-4284	122	4	add	add	VERB
ejge-4284	122	5	two	two	NUM
ejge-4284	122	6	features	feature	NOUN
ejge-4284	122	7	to	to	ADP
ejge-4284	122	8	this	this	DET
ejge-4284	122	9	definition	definition	NOUN
ejge-4284	122	10	.	.	PUNCT
ejge-4284	123	1	first	first	ADV
ejge-4284	123	2	,	,	PUNCT
ejge-4284	123	3	we	we	PRON
ejge-4284	123	4	rule	rule	VERB
ejge-4284	123	5	out	out	ADP
ejge-4284	123	6	any	any	DET
ejge-4284	123	7	consolidation	consolidation	NOUN
ejge-4284	123	8	episodes	episode	NOUN
ejge-4284	123	9	that	that	PRON
ejge-4284	123	10	lasted	last	VERB
ejge-4284	123	11	only	only	ADV
ejge-4284	123	12	one	one	NUM
ejge-4284	123	13	year	year	NOUN
ejge-4284	123	14	–	–	PUNCT
ejge-4284	123	15	we	we	PRON
ejge-4284	123	16	aim	aim	VERB
ejge-4284	123	17	to	to	PART
ejge-4284	123	18	assess	assess	VERB
ejge-4284	123	19	the	the	DET
ejge-4284	123	20	factors	factor	NOUN
ejge-4284	123	21	affecting	affect	VERB
ejge-4284	123	22	periods	period	NOUN
ejge-4284	123	23	of	of	ADP
ejge-4284	123	24	sustained	sustained	ADJ
ejge-4284	123	25	improvements	improvement	NOUN
ejge-4284	123	26	in	in	ADP
ejge-4284	123	27	the	the	DET
ejge-4284	123	28	capb	capb	NOUN
ejge-4284	123	29	and	and	CCONJ
ejge-4284	123	30	are	be	AUX
ejge-4284	123	31	not	not	PART
ejge-4284	123	32	interested	interested	ADJ
ejge-4284	123	33	in	in	ADP
ejge-4284	123	34	short	short	ADJ
ejge-4284	123	35	-	-	PUNCT
ejge-4284	123	36	lived	live	VERB
ejge-4284	123	37	consolidation	consolidation	NOUN
ejge-4284	123	38	efforts	effort	NOUN
ejge-4284	123	39	.	.	PUNCT
ejge-4284	124	1	second	second	ADJ
ejge-4284	124	2	,	,	PUNCT
ejge-4284	124	3	we	we	PRON
ejge-4284	124	4	judge	judge	VERB
ejge-4284	124	5	that	that	SCONJ
ejge-4284	124	6	a	a	DET
ejge-4284	124	7	small	small	ADJ
ejge-4284	124	8	decline	decline	NOUN
ejge-4284	124	9	in	in	ADP
ejge-4284	124	10	an	an	DET
ejge-4284	124	11	already	already	ADV
ejge-4284	124	12	better	well	ADJ
ejge-4284	124	13	fiscal	fiscal	ADJ
ejge-4284	124	14	position	position	NOUN
ejge-4284	124	15	should	should	AUX
ejge-4284	124	16	not	not	PART
ejge-4284	124	17	represent	represent	VERB
ejge-4284	124	18	an	an	DET
ejge-4284	124	19	interruption	interruption	NOUN
ejge-4284	124	20	,	,	PUNCT
ejge-4284	124	21	as	as	SCONJ
ejge-4284	124	22	a	a	DET
ejge-4284	124	23	sizeable	sizeable	ADJ
ejge-4284	124	24	primary	primary	ADJ
ejge-4284	124	25	surplus	surplus	NOUN
ejge-4284	124	26	is	be	AUX
ejge-4284	124	27	likely	likely	ADJ
ejge-4284	124	28	to	to	PART
ejge-4284	124	29	help	help	VERB
ejge-4284	124	30	a	a	DET
ejge-4284	124	31	country	country	NOUN
ejge-4284	124	32	reduce	reduce	VERB
ejge-4284	124	33	its	its	PRON
ejge-4284	124	34	government	government	NOUN
ejge-4284	124	35	debt	debt	NOUN
ejge-4284	124	36	.	.	PUNCT
ejge-4284	125	1	thus	thus	ADV
ejge-4284	125	2	for	for	ADP
ejge-4284	125	3	instances	instance	NOUN
ejge-4284	125	4	during	during	ADP
ejge-4284	125	5	a	a	DET
ejge-4284	125	6	consolidation	consolidation	NOUN
ejge-4284	125	7	period	period	NOUN
ejge-4284	125	8	in	in	ADP
ejge-4284	125	9	which	which	PRON
ejge-4284	125	10	countries	country	NOUN
ejge-4284	125	11	have	have	AUX
ejge-4284	125	12	reached	reach	VERB
ejge-4284	125	13	a	a	DET
ejge-4284	125	14	sizeable	sizeable	ADJ
ejge-4284	125	15	positive	positive	ADJ
ejge-4284	125	16	capb	capb	NOUN
ejge-4284	125	17	–	–	PUNCT
ejge-4284	125	18	defined	define	VERB
ejge-4284	125	19	here	here	ADV
ejge-4284	125	20	as	as	ADP
ejge-4284	125	21	3	3	NUM
ejge-4284	125	22	%	%	NOUN
ejge-4284	125	23	of	of	ADP
ejge-4284	125	24	gdp	gdp	NOUN
ejge-4284	125	25	–	–	PUNCT
ejge-4284	125	26	we	we	PRON
ejge-4284	125	27	ignore	ignore	VERB
ejge-4284	125	28	any	any	DET
ejge-4284	125	29	deteriorations	deterioration	NOUN
ejge-4284	125	30	in	in	ADP
ejge-4284	125	31	the	the	DET
ejge-4284	125	32	capb	capb	NOUN
ejge-4284	125	33	that	that	PRON
ejge-4284	125	34	did	do	AUX
ejge-4284	125	35	not	not	PART
ejge-4284	125	36	move	move	VERB
ejge-4284	125	37	the	the	DET
ejge-4284	125	38	deficit	deficit	NOUN
ejge-4284	125	39	below	below	ADP
ejge-4284	125	40	that	that	DET
ejge-4284	125	41	threshold	threshold	NOUN
ejge-4284	125	42	.	.	PUNCT
ejge-4284	126	1	inevitably	inevitably	ADV
ejge-4284	126	2	,	,	PUNCT
ejge-4284	126	3	the	the	DET
ejge-4284	126	4	initial	initial	ADJ
ejge-4284	126	5	decision	decision	NOUN
ejge-4284	126	6	on	on	ADP
ejge-4284	126	7	what	what	PRON
ejge-4284	126	8	constitutes	constitute	VERB
ejge-4284	126	9	a	a	DET
ejge-4284	126	10	consolidation	consolidation	NOUN
ejge-4284	126	11	episode	episode	NOUN
ejge-4284	126	12	sets	set	VERB
ejge-4284	126	13	the	the	DET
ejge-4284	126	14	basis	basis	NOUN
ejge-4284	126	15	for	for	ADP
ejge-4284	126	16	the	the	DET
ejge-4284	126	17	subsequent	subsequent	ADJ
ejge-4284	126	18	analysis	analysis	NOUN
ejge-4284	126	19	.	.	PUNCT
ejge-4284	127	1	section	section	NOUN
ejge-4284	127	2	5	5	NUM
ejge-4284	127	3	,	,	PUNCT
ejge-4284	127	4	therefore	therefore	ADV
ejge-4284	127	5	,	,	PUNCT
ejge-4284	127	6	analyses	analyse	VERB
ejge-4284	127	7	the	the	DET
ejge-4284	127	8	implications	implication	NOUN
ejge-4284	127	9	of	of	ADP
ejge-4284	127	10	changing	change	VERB
ejge-4284	127	11	our	our	PRON
ejge-4284	127	12	definition	definition	NOUN
ejge-4284	127	13	of	of	ADP
ejge-4284	127	14	consolidation	consolidation	NOUN
ejge-4284	127	15	episodes	episode	NOUN
ejge-4284	127	16	.	.	PUNCT
ejge-4284	128	1	before	before	ADP
ejge-4284	128	2	proceeding	proceeding	NOUN
ejge-4284	128	3	,	,	PUNCT
ejge-4284	128	4	however	however	ADV
ejge-4284	128	5	,	,	PUNCT
ejge-4284	128	6	it	it	PRON
ejge-4284	128	7	is	be	AUX
ejge-4284	128	8	worth	worth	ADJ
ejge-4284	128	9	noting	note	VERB
ejge-4284	128	10	that	that	SCONJ
ejge-4284	128	11	changes	change	NOUN
ejge-4284	128	12	in	in	ADP
ejge-4284	128	13	the	the	DET
ejge-4284	128	14	capb	capb	NOUN
ejge-4284	128	15	are	be	AUX
ejge-4284	128	16	just	just	ADV
ejge-4284	128	17	one	one	NUM
ejge-4284	128	18	way	way	NOUN
ejge-4284	128	19	of	of	ADP
ejge-4284	128	20	viewing	view	VERB
ejge-4284	128	21	a	a	DET
ejge-4284	128	22	consolidation	consolidation	NOUN
ejge-4284	128	23	effort	effort	NOUN
ejge-4284	128	24	.	.	PUNCT
ejge-4284	129	1	in	in	ADP
ejge-4284	129	2	particular	particular	ADJ
ejge-4284	129	3	,	,	PUNCT
ejge-4284	129	4	the	the	DET
ejge-4284	129	5	fiscal	fiscal	ADJ
ejge-4284	129	6	literature	literature	NOUN
ejge-4284	129	7	tends	tend	VERB
ejge-4284	129	8	to	to	PART
ejge-4284	129	9	distinguish	distinguish	VERB
ejge-4284	129	10	between	between	ADP
ejge-4284	129	11	consolidations	consolidation	NOUN
ejge-4284	129	12	that	that	PRON
ejge-4284	129	13	are	be	AUX
ejge-4284	129	14	based	base	VERB
ejge-4284	129	15	on	on	ADP
ejge-4284	129	16	structural	structural	ADJ
ejge-4284	129	17	,	,	PUNCT
ejge-4284	129	18	permanent	permanent	ADJ
ejge-4284	129	19	measures	measure	NOUN
ejge-4284	129	20	and	and	CCONJ
ejge-4284	129	21	those	those	PRON
ejge-4284	129	22	that	that	PRON
ejge-4284	129	23	arise	arise	VERB
ejge-4284	129	24	from	from	ADP
ejge-4284	129	25	reliance	reliance	NOUN
ejge-4284	129	26	on	on	ADP
ejge-4284	129	27	temporary	temporary	ADJ
ejge-4284	129	28	or	or	CCONJ
ejge-4284	129	29	special	special	ADJ
ejge-4284	129	30	factors	factor	NOUN
ejge-4284	129	31	.	.	PUNCT
ejge-4284	130	1	the	the	DET
ejge-4284	130	2	importance	importance	NOUN
ejge-4284	130	3	of	of	ADP
ejge-4284	130	4	those	those	DET
ejge-4284	130	5	effects	effect	NOUN
ejge-4284	130	6	is	be	AUX
ejge-4284	130	7	discussed	discuss	VERB
ejge-4284	130	8	by	by	ADP
ejge-4284	130	9	joumard	joumard	NOUN
ejge-4284	130	10	,	,	PUNCT
ejge-4284	130	11	minegishi	minegishi	NOUN
ejge-4284	130	12	,	,	PUNCT
ejge-4284	130	13	andré	andré	VERB
ejge-4284	130	14	,	,	PUNCT
ejge-4284	130	15	nicq	nicq	NOUN
ejge-4284	130	16	and	and	CCONJ
ejge-4284	130	17	price	price	NOUN
ejge-4284	130	18	(	(	PUNCT
ejge-4284	130	19	2008	2008	NUM
ejge-4284	130	20	)	)	PUNCT
ejge-4284	130	21	with	with	ADP
ejge-4284	130	22	a	a	DET
ejge-4284	130	23	comprehensive	comprehensive	ADJ
ejge-4284	130	24	overview	overview	NOUN
ejge-4284	130	25	on	on	ADP
ejge-4284	130	26	the	the	DET
ejge-4284	130	27	nature	nature	NOUN
ejge-4284	130	28	and	and	CCONJ
ejge-4284	130	29	amount	amount	NOUN
ejge-4284	130	30	of	of	ADP
ejge-4284	130	31	one	one	NUM
ejge-4284	130	32	-	-	PUNCT
ejge-4284	130	33	off	off	NOUN
ejge-4284	130	34	operations	operation	NOUN
ejge-4284	130	35	and	and	CCONJ
ejge-4284	130	36	their	their	PRON
ejge-4284	130	37	role	role	NOUN
ejge-4284	130	38	in	in	ADP
ejge-4284	130	39	undermining	undermine	VERB
ejge-4284	130	40	the	the	DET
ejge-4284	130	41	accuracy	accuracy	NOUN
ejge-4284	130	42	of	of	ADP
ejge-4284	130	43	capbs	capb	NOUN
ejge-4284	130	44	.	.	PUNCT
ejge-4284	131	1	11	11	NUM
ejge-4284	131	2	based	base	VERB
ejge-4284	131	3	on	on	ADP
ejge-4284	131	4	that	that	DET
ejge-4284	131	5	definition	definition	NOUN
ejge-4284	131	6	,	,	PUNCT
ejge-4284	131	7	von	von	PROPN
ejge-4284	131	8	hagen	hagen	PROPN
ejge-4284	131	9	et	et	PROPN
ejge-4284	131	10	al	al	PROPN
ejge-4284	131	11	.	.	PROPN
ejge-4284	132	1	(	(	PUNCT
ejge-4284	132	2	2002	2002	NUM
ejge-4284	132	3	)	)	PUNCT
ejge-4284	132	4	,	,	PUNCT
ejge-4284	132	5	for	for	ADP
ejge-4284	132	6	example	example	NOUN
ejge-4284	132	7	,	,	PUNCT
ejge-4284	132	8	find	find	VERB
ejge-4284	132	9	122	122	NUM
ejge-4284	132	10	consolidation	consolidation	NOUN
ejge-4284	132	11	episodes	episode	NOUN
ejge-4284	132	12	from	from	ADP
ejge-4284	132	13	a	a	DET
ejge-4284	132	14	sample	sample	NOUN
ejge-4284	132	15	of	of	ADP
ejge-4284	132	16	oecd	oecd	PROPN
ejge-4284	132	17	countries	country	NOUN
ejge-4284	132	18	between	between	ADP
ejge-4284	132	19	1960	1960	NUM
ejge-4284	132	20	and	and	CCONJ
ejge-4284	132	21	1998	1998	NUM
ejge-4284	132	22	.	.	PUNCT
ejge-4284	133	1	illera	illera	NOUN
ejge-4284	133	2	and	and	CCONJ
ejge-4284	133	3	mulas	mulas	PROPN
ejge-4284	133	4	-	-	PUNCT
ejge-4284	133	5	granados	granados	PROPN
ejge-4284	133	6	(	(	PUNCT
ejge-4284	133	7	2007	2007	NUM
ejge-4284	133	8	)	)	PUNCT
ejge-4284	133	9	find	find	VERB
ejge-4284	133	10	277	277	NUM
ejge-4284	133	11	episodes	episode	NOUN
ejge-4284	133	12	of	of	ADP
ejge-4284	133	13	consolidation	consolidation	NOUN
ejge-4284	133	14	for	for	ADP
ejge-4284	133	15	eu	eu	PROPN
ejge-4284	133	16	countries	country	NOUN
ejge-4284	133	17	between	between	ADP
ejge-4284	133	18	1960	1960	NUM
ejge-4284	133	19	and	and	CCONJ
ejge-4284	133	20	2004	2004	NUM
ejge-4284	133	21	.	.	PUNCT
ejge-4284	134	1	european	european	PROPN
ejge-4284	134	2	journal	journal	PROPN
ejge-4284	134	3	of	of	ADP
ejge-4284	134	4	government	government	NOUN
ejge-4284	134	5	and	and	CCONJ
ejge-4284	134	6	economics	economic	NOUN
ejge-4284	134	7	2(1	2(1	NUM
ejge-4284	134	8	)	)	PUNCT
ejge-4284	134	9	12	12	NUM
ejge-4284	134	10	figure	figure	NOUN
ejge-4284	134	11	1	1	NUM
ejge-4284	134	12	:	:	PUNCT
ejge-4284	134	13	the	the	DET
ejge-4284	134	14	duration	duration	NOUN
ejge-4284	134	15	of	of	ADP
ejge-4284	134	16	fiscal	fiscal	ADJ
ejge-4284	134	17	consolidations	consolidation	NOUN
ejge-4284	134	18	(	(	PUNCT
ejge-4284	134	19	number	number	NOUN
ejge-4284	134	20	of	of	ADP
ejge-4284	134	21	consolidations	consolidation	NOUN
ejge-4284	134	22	lasting	last	VERB
ejge-4284	134	23	for	for	ADP
ejge-4284	134	24	x	x	NOUN
ejge-4284	134	25	years	year	NOUN
ejge-4284	134	26	)	)	PUNCT
ejge-4284	134	27	0	0	NUM
ejge-4284	134	28	5	5	NUM
ejge-4284	134	29	10	10	NUM
ejge-4284	134	30	15	15	NUM
ejge-4284	134	31	20	20	NUM
ejge-4284	134	32	25	25	NUM
ejge-4284	134	33	30	30	NUM
ejge-4284	134	34	35	35	NUM
ejge-4284	134	35	1	1	NUM
ejge-4284	134	36	2	2	NUM
ejge-4284	134	37	3	3	NUM
ejge-4284	134	38	4	4	NUM
ejge-4284	134	39	5	5	NUM
ejge-4284	134	40	6	6	NUM
ejge-4284	134	41	7	7	NUM
ejge-4284	134	42	8	8	NUM
ejge-4284	134	43	9	9	NUM
ejge-4284	134	44	10	10	NUM
ejge-4284	134	45	11	11	NUM
ejge-4284	134	46	12	12	NUM
ejge-4284	134	47	13	13	NUM
ejge-4284	134	48	14	14	NUM
ejge-4284	134	49	15	15	NUM
ejge-4284	134	50	source	source	NOUN
ejge-4284	134	51	:	:	PUNCT
ejge-4284	134	52	oecd	oecd	PROPN
ejge-4284	134	53	and	and	CCONJ
ejge-4284	134	54	author	author	NOUN
ejge-4284	134	55	calculations	calculation	NOUN
ejge-4284	134	56	.	.	PUNCT
ejge-4284	135	1	our	our	PRON
ejge-4284	135	2	study	study	NOUN
ejge-4284	135	3	is	be	AUX
ejge-4284	135	4	based	base	VERB
ejge-4284	135	5	on	on	ADP
ejge-4284	135	6	an	an	DET
ejge-4284	135	7	annual	annual	ADJ
ejge-4284	135	8	dataset	dataset	NOUN
ejge-4284	135	9	covering	cover	VERB
ejge-4284	135	10	20	20	NUM
ejge-4284	135	11	advanced	advanced	ADJ
ejge-4284	135	12	economies	economy	NOUN
ejge-4284	135	13	over	over	ADP
ejge-4284	135	14	the	the	DET
ejge-4284	135	15	period	period	NOUN
ejge-4284	135	16	from	from	ADP
ejge-4284	135	17	1970	1970	NUM
ejge-4284	135	18	to	to	ADP
ejge-4284	135	19	2010	2010	NUM
ejge-4284	135	20	,	,	PUNCT
ejge-4284	135	21	namely	namely	ADV
ejge-4284	135	22	14	14	NUM
ejge-4284	135	23	eu	eu	PROPN
ejge-4284	135	24	countries	country	NOUN
ejge-4284	135	25	(	(	PUNCT
ejge-4284	135	26	austria	austria	PROPN
ejge-4284	135	27	,	,	PUNCT
ejge-4284	135	28	belgium	belgium	PROPN
ejge-4284	135	29	,	,	PUNCT
ejge-4284	135	30	denmark	denmark	PROPN
ejge-4284	135	31	,	,	PUNCT
ejge-4284	135	32	finland	finland	PROPN
ejge-4284	135	33	,	,	PUNCT
ejge-4284	135	34	france	france	PROPN
ejge-4284	135	35	,	,	PUNCT
ejge-4284	135	36	germany	germany	PROPN
ejge-4284	135	37	,	,	PUNCT
ejge-4284	135	38	greece	greece	PROPN
ejge-4284	135	39	,	,	PUNCT
ejge-4284	135	40	ireland	ireland	PROPN
ejge-4284	135	41	,	,	PUNCT
ejge-4284	135	42	italy	italy	PROPN
ejge-4284	135	43	,	,	PUNCT
ejge-4284	135	44	the	the	DET
ejge-4284	135	45	netherlands	netherlands	PROPN
ejge-4284	135	46	,	,	PUNCT
ejge-4284	135	47	portugal	portugal	PROPN
ejge-4284	135	48	,	,	PUNCT
ejge-4284	135	49	spain	spain	PROPN
ejge-4284	135	50	,	,	PUNCT
ejge-4284	135	51	sweden	sweden	PROPN
ejge-4284	135	52	,	,	PUNCT
ejge-4284	135	53	the	the	DET
ejge-4284	135	54	u.k	u.k	PROPN
ejge-4284	135	55	.	.	PROPN
ejge-4284	135	56	)	)	PUNCT
ejge-4284	135	57	,	,	PUNCT
ejge-4284	135	58	and	and	CCONJ
ejge-4284	135	59	6	6	NUM
ejge-4284	135	60	non	non	ADJ
ejge-4284	135	61	-	-	ADJ
ejge-4284	135	62	eu	eu	ADJ
ejge-4284	135	63	countries	country	NOUN
ejge-4284	135	64	(	(	PUNCT
ejge-4284	135	65	australia	australia	PROPN
ejge-4284	135	66	,	,	PUNCT
ejge-4284	135	67	canada	canada	PROPN
ejge-4284	135	68	,	,	PUNCT
ejge-4284	135	69	japan	japan	PROPN
ejge-4284	135	70	,	,	PUNCT
ejge-4284	135	71	new	new	PROPN
ejge-4284	135	72	zealand	zealand	PROPN
ejge-4284	135	73	,	,	PUNCT
ejge-4284	135	74	switzerland	switzerland	PROPN
ejge-4284	135	75	,	,	PUNCT
ejge-4284	135	76	and	and	CCONJ
ejge-4284	135	77	the	the	DET
ejge-4284	135	78	u.s	u.s	PROPN
ejge-4284	135	79	.	.	PROPN
ejge-4284	135	80	)	)	PUNCT
ejge-4284	135	81	.	.	PUNCT
ejge-4284	136	1	based	base	VERB
ejge-4284	136	2	on	on	ADP
ejge-4284	136	3	our	our	PRON
ejge-4284	136	4	criteria	criterion	NOUN
ejge-4284	136	5	and	and	CCONJ
ejge-4284	136	6	using	use	VERB
ejge-4284	136	7	this	this	DET
ejge-4284	136	8	panel	panel	NOUN
ejge-4284	136	9	we	we	PRON
ejge-4284	136	10	find	find	VERB
ejge-4284	136	11	65	65	NUM
ejge-4284	136	12	complete	complete	ADJ
ejge-4284	136	13	episodes	episode	NOUN
ejge-4284	136	14	of	of	ADP
ejge-4284	136	15	consolidation	consolidation	NOUN
ejge-4284	136	16	as	as	SCONJ
ejge-4284	136	17	shown	show	VERB
ejge-4284	136	18	in	in	ADP
ejge-4284	136	19	table	table	NOUN
ejge-4284	136	20	2	2	NUM
ejge-4284	136	21	.	.	PUNCT
ejge-4284	137	1	past	past	ADJ
ejge-4284	137	2	experience	experience	NOUN
ejge-4284	137	3	suggests	suggest	VERB
ejge-4284	137	4	consolidations	consolidation	NOUN
ejge-4284	137	5	have	have	AUX
ejge-4284	137	6	been	be	AUX
ejge-4284	137	7	short	short	ADJ
ejge-4284	137	8	:	:	PUNCT
ejge-4284	137	9	nearly	nearly	ADV
ejge-4284	137	10	half	half	NOUN
ejge-4284	137	11	of	of	ADP
ejge-4284	137	12	the	the	DET
ejge-4284	137	13	episodes	episode	NOUN
ejge-4284	137	14	in	in	ADP
ejge-4284	137	15	the	the	DET
ejge-4284	137	16	sample	sample	NOUN
ejge-4284	137	17	last	last	ADJ
ejge-4284	137	18	only	only	ADV
ejge-4284	137	19	two	two	NUM
ejge-4284	137	20	years	year	NOUN
ejge-4284	137	21	and	and	CCONJ
ejge-4284	137	22	most	most	ADJ
ejge-4284	137	23	are	be	AUX
ejge-4284	137	24	over	over	ADV
ejge-4284	137	25	after	after	ADP
ejge-4284	137	26	four	four	NUM
ejge-4284	137	27	years	year	NOUN
ejge-4284	137	28	.	.	PUNCT
ejge-4284	138	1	only	only	ADV
ejge-4284	138	2	a	a	DET
ejge-4284	138	3	few	few	ADJ
ejge-4284	138	4	well	well	ADV
ejge-4284	138	5	-	-	PUNCT
ejge-4284	138	6	known	know	VERB
ejge-4284	138	7	cases	case	NOUN
ejge-4284	138	8	lasted	last	VERB
ejge-4284	138	9	much	much	ADV
ejge-4284	138	10	longer	long	ADV
ejge-4284	138	11	:	:	PUNCT
ejge-4284	138	12	denmark	denmark	NOUN
ejge-4284	138	13	(	(	PUNCT
ejge-4284	138	14	1983	1983	NUM
ejge-4284	138	15	-	-	SYM
ejge-4284	138	16	1991	1991	NUM
ejge-4284	138	17	)	)	PUNCT
ejge-4284	138	18	,	,	PUNCT
ejge-4284	138	19	belgium	belgium	NOUN
ejge-4284	138	20	(	(	PUNCT
ejge-4284	138	21	1993	1993	NUM
ejge-4284	138	22	-	-	SYM
ejge-4284	138	23	2005	2005	NUM
ejge-4284	138	24	)	)	PUNCT
ejge-4284	138	25	,	,	PUNCT
ejge-4284	138	26	ireland	ireland	PROPN
ejge-4284	138	27	(	(	PUNCT
ejge-4284	138	28	1986	1986	NUM
ejge-4284	138	29	-	-	SYM
ejge-4284	138	30	2001	2001	NUM
ejge-4284	138	31	)	)	PUNCT
ejge-4284	138	32	and	and	CCONJ
ejge-4284	138	33	japan	japan	PROPN
ejge-4284	138	34	(	(	PUNCT
ejge-4284	138	35	1979	1979	NUM
ejge-4284	138	36	-	-	SYM
ejge-4284	138	37	1990).12	1990).12	NUM
ejge-4284	138	38	overall	overall	NOUN
ejge-4284	138	39	,	,	PUNCT
ejge-4284	138	40	the	the	DET
ejge-4284	138	41	average	average	ADJ
ejge-4284	138	42	duration	duration	NOUN
ejge-4284	138	43	of	of	ADP
ejge-4284	138	44	fiscal	fiscal	ADJ
ejge-4284	138	45	adjustment	adjustment	NOUN
ejge-4284	138	46	in	in	ADP
ejge-4284	138	47	our	our	PRON
ejge-4284	138	48	study	study	NOUN
ejge-4284	138	49	is	be	AUX
ejge-4284	138	50	just	just	ADV
ejge-4284	138	51	under	under	ADP
ejge-4284	138	52	four	four	NUM
ejge-4284	138	53	years	year	NOUN
ejge-4284	138	54	,	,	PUNCT
ejge-4284	138	55	which	which	PRON
ejge-4284	138	56	contrasts	contrast	VERB
ejge-4284	138	57	with	with	ADP
ejge-4284	138	58	the	the	DET
ejge-4284	138	59	findings	finding	NOUN
ejge-4284	138	60	of	of	ADP
ejge-4284	138	61	other	other	ADJ
ejge-4284	138	62	approaches	approach	NOUN
ejge-4284	138	63	(	(	PUNCT
ejge-4284	138	64	for	for	ADP
ejge-4284	138	65	instance	instance	NOUN
ejge-4284	138	66	,	,	PUNCT
ejge-4284	138	67	two	two	NUM
ejge-4284	138	68	years	year	NOUN
ejge-4284	138	69	by	by	ADP
ejge-4284	138	70	giavazzi	giavazzi	NOUN
ejge-4284	138	71	and	and	CCONJ
ejge-4284	138	72	pagano	pagano	NOUN
ejge-4284	138	73	(	(	PUNCT
ejge-4284	138	74	1996	1996	NUM
ejge-4284	138	75	)	)	PUNCT
ejge-4284	138	76	)	)	PUNCT
ejge-4284	138	77	.	.	PUNCT
ejge-4284	139	1	12	12	NUM
ejge-4284	139	2	the	the	DET
ejge-4284	139	3	dates	date	NOUN
ejge-4284	139	4	for	for	ADP
ejge-4284	139	5	these	these	DET
ejge-4284	139	6	countries	country	NOUN
ejge-4284	139	7	are	be	AUX
ejge-4284	139	8	the	the	DET
ejge-4284	139	9	result	result	NOUN
ejge-4284	139	10	of	of	ADP
ejge-4284	139	11	using	use	VERB
ejge-4284	139	12	the	the	DET
ejge-4284	139	13	definition	definition	NOUN
ejge-4284	139	14	described	describe	VERB
ejge-4284	139	15	above	above	ADV
ejge-4284	139	16	.	.	PUNCT
ejge-4284	140	1	alternative	alternative	ADJ
ejge-4284	140	2	definitions	definition	NOUN
ejge-4284	140	3	,	,	PUNCT
ejge-4284	140	4	of	of	ADP
ejge-4284	140	5	course	course	NOUN
ejge-4284	140	6	,	,	PUNCT
ejge-4284	140	7	would	would	AUX
ejge-4284	140	8	yield	yield	VERB
ejge-4284	140	9	somewhat	somewhat	ADV
ejge-4284	140	10	different	different	ADJ
ejge-4284	140	11	dates	date	NOUN
ejge-4284	140	12	for	for	ADP
ejge-4284	140	13	the	the	DET
ejge-4284	140	14	consolidation	consolidation	NOUN
ejge-4284	140	15	episodes	episode	NOUN
ejge-4284	140	16	.	.	PUNCT
ejge-4284	141	1	lodge	lodge	NOUN
ejge-4284	141	2	and	and	CCONJ
ejge-4284	141	3	rodríguez	rodríguez	PROPN
ejge-4284	141	4	-	-	PUNCT
ejge-4284	141	5	vives	vive	NOUN
ejge-4284	141	6	●	●	PUNCT
ejge-4284	141	7	how	how	SCONJ
ejge-4284	141	8	long	long	ADV
ejge-4284	141	9	can	can	AUX
ejge-4284	141	10	austerity	austerity	NOUN
ejge-4284	141	11	persist	persist	VERB
ejge-4284	141	12	?	?	PUNCT
ejge-4284	142	1	13	13	NUM
ejge-4284	142	2	table	table	NOUN
ejge-4284	142	3	2	2	NUM
ejge-4284	142	4	:	:	PUNCT
ejge-4284	142	5	dates	date	NOUN
ejge-4284	142	6	of	of	ADP
ejge-4284	142	7	consolidation	consolidation	NOUN
ejge-4284	142	8	episodes	episode	NOUN
ejge-4284	142	9	country	country	NOUN
ejge-4284	142	10	start	start	VERB
ejge-4284	142	11	end	end	NOUN
ejge-4284	142	12	country	country	NOUN
ejge-4284	142	13	start	start	VERB
ejge-4284	142	14	end	end	VERB
ejge-4284	142	15	australia	australia	PROPN
ejge-4284	142	16	1979	1979	NUM
ejge-4284	142	17	1981	1981	NUM
ejge-4284	142	18	ireland	ireland	PROPN
ejge-4284	142	19	1986	1986	NUM
ejge-4284	142	20	2001	2001	NUM
ejge-4284	142	21	australia	australia	PROPN
ejge-4284	142	22	1986	1986	NUM
ejge-4284	142	23	1989	1989	NUM
ejge-4284	142	24	ireland	ireland	PROPN
ejge-4284	142	25	2003	2003	NUM
ejge-4284	142	26	2007	2007	NUM
ejge-4284	142	27	australia	australia	PROPN
ejge-4284	142	28	1995	1995	NUM
ejge-4284	142	29	1999	1999	NUM
ejge-4284	142	30	italy	italy	PROPN
ejge-4284	142	31	1976	1976	NUM
ejge-4284	142	32	1978	1978	NUM
ejge-4284	142	33	australia	australia	PROPN
ejge-4284	142	34	2002	2002	NUM
ejge-4284	142	35	2004	2004	NUM
ejge-4284	142	36	italy	italy	PROPN
ejge-4284	142	37	1982	1982	NUM
ejge-4284	142	38	1984	1984	NUM
ejge-4284	142	39	austria	austria	PROPN
ejge-4284	142	40	1996	1996	NUM
ejge-4284	142	41	1998	1998	NUM
ejge-4284	142	42	italy	italy	PROPN
ejge-4284	142	43	1990	1990	NUM
ejge-4284	142	44	1994	1994	NUM
ejge-4284	142	45	belgium	belgium	PROPN
ejge-4284	142	46	1974	1974	NUM
ejge-4284	142	47	1976	1976	NUM
ejge-4284	142	48	italy	italy	PROPN
ejge-4284	142	49	1995	1995	NUM
ejge-4284	142	50	2001	2001	NUM
ejge-4284	142	51	belgium	belgium	PROPN
ejge-4284	142	52	1984	1984	NUM
ejge-4284	142	53	1988	1988	NUM
ejge-4284	142	54	japan	japan	PROPN
ejge-4284	142	55	1979	1979	NUM
ejge-4284	142	56	1990	1990	NUM
ejge-4284	142	57	belgium	belgium	PROPN
ejge-4284	142	58	1993	1993	NUM
ejge-4284	142	59	2005	2005	NUM
ejge-4284	142	60	netherlands	netherlands	PROPN
ejge-4284	142	61	1972	1972	NUM
ejge-4284	142	62	1974	1974	NUM
ejge-4284	142	63	belgium	belgium	PROPN
ejge-4284	142	64	2006	2006	NUM
ejge-4284	142	65	2008	2008	NUM
ejge-4284	142	66	netherlands	netherlands	PROPN
ejge-4284	142	67	1976	1976	NUM
ejge-4284	142	68	1978	1978	NUM
ejge-4284	142	69	canada	canada	PROPN
ejge-4284	142	70	1986	1986	NUM
ejge-4284	142	71	1990	1990	NUM
ejge-4284	142	72	netherlands	netherlands	PROPN
ejge-4284	142	73	1982	1982	NUM
ejge-4284	142	74	1986	1986	NUM
ejge-4284	142	75	canada	canada	PROPN
ejge-4284	142	76	1994	1994	NUM
ejge-4284	142	77	2002	2002	NUM
ejge-4284	142	78	netherlands	netherlands	PROPN
ejge-4284	142	79	2004	2004	NUM
ejge-4284	142	80	2006	2006	NUM
ejge-4284	142	81	denmark	denmark	NOUN
ejge-4284	142	82	1983	1983	NUM
ejge-4284	142	83	1991	1991	NUM
ejge-4284	142	84	new	new	PROPN
ejge-4284	142	85	zealand	zealand	PROPN
ejge-4284	142	86	1991	1991	NUM
ejge-4284	142	87	1996	1996	NUM
ejge-4284	142	88	denmark	denmark	NOUN
ejge-4284	142	89	1999	1999	NUM
ejge-4284	142	90	2001	2001	NUM
ejge-4284	142	91	new	new	PROPN
ejge-4284	142	92	zealand	zealand	PROPN
ejge-4284	142	93	2002	2002	NUM
ejge-4284	142	94	2004	2004	NUM
ejge-4284	142	95	denmark	denmark	NOUN
ejge-4284	142	96	2004	2004	NUM
ejge-4284	142	97	2008	2008	NUM
ejge-4284	142	98	portugal	portugal	PROPN
ejge-4284	142	99	1982	1982	NUM
ejge-4284	142	100	1985	1985	NUM
ejge-4284	142	101	finland	finland	PROPN
ejge-4284	142	102	1981	1981	NUM
ejge-4284	142	103	1983	1983	NUM
ejge-4284	142	104	portugal	portugal	PROPN
ejge-4284	142	105	2002	2002	NUM
ejge-4284	142	106	2004	2004	NUM
ejge-4284	142	107	finland	finland	PROPN
ejge-4284	142	108	1984	1984	NUM
ejge-4284	142	109	1987	1987	NUM
ejge-4284	142	110	portugal	portugal	PROPN
ejge-4284	142	111	2006	2006	NUM
ejge-4284	142	112	2008	2008	NUM
ejge-4284	142	113	finland	finland	PROPN
ejge-4284	142	114	1988	1988	NUM
ejge-4284	142	115	1990	1990	NUM
ejge-4284	142	116	spain	spain	PROPN
ejge-4284	142	117	1986	1986	NUM
ejge-4284	142	118	1988	1988	NUM
ejge-4284	142	119	finland	finland	PROPN
ejge-4284	142	120	1996	1996	NUM
ejge-4284	142	121	2004	2004	NUM
ejge-4284	142	122	spain	spain	PROPN
ejge-4284	142	123	1994	1994	NUM
ejge-4284	142	124	1998	1998	NUM
ejge-4284	142	125	france	france	PROPN
ejge-4284	142	126	1979	1979	NUM
ejge-4284	142	127	1981	1981	NUM
ejge-4284	142	128	spain	spain	PROPN
ejge-4284	142	129	2005	2005	NUM
ejge-4284	142	130	2007	2007	NUM
ejge-4284	142	131	france	france	PROPN
ejge-4284	142	132	1983	1983	NUM
ejge-4284	142	133	1985	1985	NUM
ejge-4284	142	134	sweden	sweden	PROPN
ejge-4284	142	135	1975	1975	NUM
ejge-4284	142	136	1977	1977	NUM
ejge-4284	142	137	france	france	PROPN
ejge-4284	142	138	1994	1994	NUM
ejge-4284	142	139	2000	2000	NUM
ejge-4284	142	140	sweden	sweden	PROPN
ejge-4284	142	141	1983	1983	NUM
ejge-4284	142	142	1985	1985	NUM
ejge-4284	142	143	germany	germany	PROPN
ejge-4284	142	144	1976	1976	NUM
ejge-4284	142	145	1978	1978	NUM
ejge-4284	142	146	sweden	sweden	PROPN
ejge-4284	142	147	1986	1986	NUM
ejge-4284	142	148	1989	1989	NUM
ejge-4284	142	149	germany	germany	PROPN
ejge-4284	142	150	1981	1981	NUM
ejge-4284	142	151	1986	1986	NUM
ejge-4284	142	152	sweden	sweden	PROPN
ejge-4284	142	153	1994	1994	NUM
ejge-4284	142	154	1999	1999	NUM
ejge-4284	142	155	germany	germany	PROPN
ejge-4284	142	156	1992	1992	NUM
ejge-4284	142	157	1995	1995	NUM
ejge-4284	142	158	sweden	sweden	PROPN
ejge-4284	142	159	2004	2004	NUM
ejge-4284	142	160	2006	2006	NUM
ejge-4284	142	161	germany	germany	PROPN
ejge-4284	142	162	1996	1996	NUM
ejge-4284	142	163	2000	2000	NUM
ejge-4284	143	1	switzerland	switzerland	NOUN
ejge-4284	143	2	1994	1994	NUM
ejge-4284	143	3	1997	1997	NUM
ejge-4284	143	4	germany	germany	PROPN
ejge-4284	143	5	2005	2005	NUM
ejge-4284	143	6	2008	2008	NUM
ejge-4284	143	7	switzerland	switzerland	NOUN
ejge-4284	143	8	2005	2005	NUM
ejge-4284	143	9	2009	2009	NUM
ejge-4284	143	10	greece	greece	PROPN
ejge-4284	143	11	1979	1979	NUM
ejge-4284	143	12	1981	1981	NUM
ejge-4284	143	13	united	united	PROPN
ejge-4284	143	14	kingdom	kingdom	PROPN
ejge-4284	143	15	1979	1979	NUM
ejge-4284	143	16	1983	1983	NUM
ejge-4284	143	17	greece	greece	PROPN
ejge-4284	143	18	1982	1982	NUM
ejge-4284	143	19	1984	1984	NUM
ejge-4284	143	20	united	united	PROPN
ejge-4284	143	21	kingdom	kingdom	PROPN
ejge-4284	143	22	1994	1994	NUM
ejge-4284	143	23	2001	2001	NUM
ejge-4284	143	24	greece	greece	PROPN
ejge-4284	143	25	1986	1986	NUM
ejge-4284	143	26	1988	1988	NUM
ejge-4284	143	27	united	united	PROPN
ejge-4284	143	28	states	states	PROPN
ejge-4284	143	29	1976	1976	NUM
ejge-4284	143	30	1980	1980	NUM
ejge-4284	143	31	greece	greece	PROPN
ejge-4284	143	32	1990	1990	NUM
ejge-4284	143	33	1995	1995	NUM
ejge-4284	143	34	united	united	PROPN
ejge-4284	143	35	states	states	PROPN
ejge-4284	143	36	1987	1987	NUM
ejge-4284	143	37	1990	1990	NUM
ejge-4284	143	38	greece	greece	PROPN
ejge-4284	143	39	1998	1998	NUM
ejge-4284	143	40	2001	2001	NUM
ejge-4284	143	41	united	united	PROPN
ejge-4284	143	42	states	states	PROPN
ejge-4284	143	43	1993	1993	NUM
ejge-4284	143	44	1999	1999	NUM
ejge-4284	143	45	greece	greece	PROPN
ejge-4284	143	46	2005	2005	NUM
ejge-4284	143	47	2007	2007	NUM
ejge-4284	143	48	united	united	PROPN
ejge-4284	143	49	states	states	PROPN
ejge-4284	143	50	2005	2005	NUM
ejge-4284	143	51	2007	2007	NUM
ejge-4284	143	52	ireland	ireland	NOUN
ejge-4284	143	53	1982	1982	NUM
ejge-4284	143	54	1985	1985	NUM
ejge-4284	143	55	note	note	NOUN
ejge-4284	143	56	:	:	PUNCT
ejge-4284	143	57	oecd	oecd	PROPN
ejge-4284	143	58	economic	economic	ADJ
ejge-4284	143	59	outlook	outlook	NOUN
ejge-4284	143	60	database	database	NOUN
ejge-4284	143	61	,	,	PUNCT
ejge-4284	143	62	variable	variable	ADJ
ejge-4284	143	63	code	code	NOUN
ejge-4284	143	64	nlgxqa	nlgxqa	NOUN
ejge-4284	143	65	.	.	PUNCT
ejge-4284	144	1	note	note	VERB
ejge-4284	144	2	that	that	SCONJ
ejge-4284	144	3	there	there	PRON
ejge-4284	144	4	are	be	VERB
ejge-4284	144	5	a	a	DET
ejge-4284	144	6	further	further	ADJ
ejge-4284	144	7	10	10	NUM
ejge-4284	144	8	episodes	episode	NOUN
ejge-4284	144	9	that	that	PRON
ejge-4284	144	10	begin	begin	VERB
ejge-4284	144	11	in	in	ADP
ejge-4284	144	12	2010	2010	NUM
ejge-4284	144	13	which	which	PRON
ejge-4284	144	14	have	have	AUX
ejge-4284	144	15	not	not	PART
ejge-4284	144	16	been	be	AUX
ejge-4284	144	17	concluded	conclude	VERB
ejge-4284	144	18	and	and	CCONJ
ejge-4284	144	19	are	be	AUX
ejge-4284	144	20	excluded	exclude	VERB
ejge-4284	144	21	from	from	ADP
ejge-4284	144	22	our	our	PRON
ejge-4284	144	23	analysis	analysis	NOUN
ejge-4284	144	24	.	.	PUNCT
ejge-4284	145	1	duration	duration	NOUN
ejge-4284	145	2	analyses	analysis	NOUN
ejge-4284	145	3	in	in	ADP
ejge-4284	145	4	the	the	DET
ejge-4284	145	5	subsequent	subsequent	ADJ
ejge-4284	145	6	analysis	analysis	NOUN
ejge-4284	145	7	,	,	PUNCT
ejge-4284	145	8	we	we	PRON
ejge-4284	145	9	study	study	VERB
ejge-4284	145	10	the	the	DET
ejge-4284	145	11	factors	factor	NOUN
ejge-4284	145	12	that	that	PRON
ejge-4284	145	13	appear	appear	VERB
ejge-4284	145	14	to	to	PART
ejge-4284	145	15	have	have	AUX
ejge-4284	145	16	affected	affect	VERB
ejge-4284	145	17	the	the	DET
ejge-4284	145	18	length	length	NOUN
ejge-4284	145	19	of	of	ADP
ejge-4284	145	20	expansions	expansion	NOUN
ejge-4284	145	21	in	in	ADP
ejge-4284	145	22	our	our	PRON
ejge-4284	145	23	sample	sample	NOUN
ejge-4284	145	24	of	of	ADP
ejge-4284	145	25	advanced	advanced	ADJ
ejge-4284	145	26	economies	economy	NOUN
ejge-4284	145	27	,	,	PUNCT
ejge-4284	145	28	using	use	VERB
ejge-4284	145	29	estimates	estimate	NOUN
ejge-4284	145	30	of	of	ADP
ejge-4284	145	31	hazard	hazard	NOUN
ejge-4284	145	32	functions	function	NOUN
ejge-4284	145	33	(	(	PUNCT
ejge-4284	145	34	e.g.	e.g.	ADV
ejge-4284	145	35	maroto	maroto	PROPN
ejge-4284	145	36	illera	illera	PROPN
ejge-4284	145	37	and	and	CCONJ
ejge-4284	145	38	mulas	mulas	PROPN
ejge-4284	145	39	-	-	PUNCT
ejge-4284	145	40	granados	granados	PROPN
ejge-4284	145	41	,	,	PUNCT
ejge-4284	145	42	2008	2008	NUM
ejge-4284	145	43	)	)	PUNCT
ejge-4284	145	44	.	.	PUNCT
ejge-4284	146	1	duration	duration	NOUN
ejge-4284	146	2	analysis	analysis	NOUN
ejge-4284	146	3	provides	provide	VERB
ejge-4284	146	4	estimates	estimate	NOUN
ejge-4284	146	5	of	of	ADP
ejge-4284	146	6	the	the	DET
ejge-4284	146	7	probabilities	probability	NOUN
ejge-4284	146	8	of	of	ADP
ejge-4284	146	9	a	a	DET
ejge-4284	146	10	consolidation	consolidation	NOUN
ejge-4284	146	11	coming	come	VERB
ejge-4284	146	12	to	to	ADP
ejge-4284	146	13	an	an	DET
ejge-4284	146	14	end	end	NOUN
ejge-4284	146	15	after	after	ADP
ejge-4284	146	16	a	a	DET
ejge-4284	146	17	certain	certain	ADJ
ejge-4284	146	18	length	length	NOUN
ejge-4284	146	19	of	of	ADP
ejge-4284	146	20	time	time	NOUN
ejge-4284	146	21	.	.	PUNCT
ejge-4284	147	1	we	we	PRON
ejge-4284	147	2	estimate	estimate	VERB
ejge-4284	147	3	hazard	hazard	NOUN
ejge-4284	147	4	functions	function	NOUN
ejge-4284	147	5	for	for	ADP
ejge-4284	147	6	the	the	DET
ejge-4284	147	7	duration	duration	NOUN
ejge-4284	147	8	of	of	ADP
ejge-4284	147	9	consolidations	consolidation	NOUN
ejge-4284	147	10	in	in	ADP
ejge-4284	147	11	the	the	DET
ejge-4284	147	12	sample	sample	NOUN
ejge-4284	147	13	of	of	ADP
ejge-4284	147	14	advanced	advanced	ADJ
ejge-4284	147	15	economies	economy	NOUN
ejge-4284	147	16	,	,	PUNCT
ejge-4284	147	17	where	where	SCONJ
ejge-4284	147	18	the	the	DET
ejge-4284	147	19	duration	duration	NOUN
ejge-4284	147	20	represents	represent	VERB
ejge-4284	147	21	the	the	DET
ejge-4284	147	22	number	number	NOUN
ejge-4284	147	23	of	of	ADP
ejge-4284	147	24	years	year	NOUN
ejge-4284	147	25	of	of	ADP
ejge-4284	147	26	uninterrupted	uninterrupted	ADJ
ejge-4284	147	27	fiscal	fiscal	ADJ
ejge-4284	147	28	consolidation	consolidation	NOUN
ejge-4284	147	29	(	(	PUNCT
ejge-4284	147	30	according	accord	VERB
ejge-4284	147	31	to	to	ADP
ejge-4284	147	32	the	the	DET
ejge-4284	147	33	definition	definition	NOUN
ejge-4284	147	34	above	above	ADP
ejge-4284	147	35	)	)	PUNCT
ejge-4284	147	36	.	.	PUNCT
ejge-4284	148	1	the	the	DET
ejge-4284	148	2	hazard	hazard	NOUN
ejge-4284	148	3	function	function	NOUN
ejge-4284	148	4	measures	measure	VERB
ejge-4284	148	5	the	the	DET
ejge-4284	148	6	conditional	conditional	ADJ
ejge-4284	148	7	rate	rate	NOUN
ejge-4284	148	8	at	at	ADP
ejge-4284	148	9	which	which	PRON
ejge-4284	148	10	a	a	DET
ejge-4284	148	11	consolidation	consolidation	NOUN
ejge-4284	148	12	will	will	AUX
ejge-4284	148	13	come	come	VERB
ejge-4284	148	14	to	to	ADP
ejge-4284	148	15	an	an	DET
ejge-4284	148	16	end	end	NOUN
ejge-4284	148	17	.	.	PUNCT
ejge-4284	149	1	relative	relative	ADJ
ejge-4284	149	2	to	to	ADP
ejge-4284	149	3	other	other	ADJ
ejge-4284	149	4	models	model	NOUN
ejge-4284	149	5	such	such	ADJ
ejge-4284	149	6	as	as	ADP
ejge-4284	149	7	those	those	PRON
ejge-4284	149	8	that	that	PRON
ejge-4284	149	9	focus	focus	VERB
ejge-4284	149	10	on	on	ADP
ejge-4284	149	11	the	the	DET
ejge-4284	149	12	probability	probability	NOUN
ejge-4284	149	13	of	of	ADP
ejge-4284	149	14	an	an	DET
ejge-4284	149	15	event	event	NOUN
ejge-4284	149	16	taking	take	VERB
ejge-4284	149	17	place	place	NOUN
ejge-4284	149	18	(	(	PUNCT
ejge-4284	149	19	e.g.	e.g.	ADV
ejge-4284	149	20	a	a	DET
ejge-4284	149	21	probit	probit	NOUN
ejge-4284	149	22	or	or	CCONJ
ejge-4284	149	23	logit	logit	PROPN
ejge-4284	149	24	model	model	NOUN
ejge-4284	149	25	)	)	PUNCT
ejge-4284	149	26	,	,	PUNCT
ejge-4284	149	27	the	the	DET
ejge-4284	149	28	focus	focus	NOUN
ejge-4284	149	29	of	of	ADP
ejge-4284	149	30	duration	duration	NOUN
ejge-4284	149	31	analysis	analysis	NOUN
ejge-4284	149	32	is	be	AUX
ejge-4284	149	33	somewhat	somewhat	ADV
ejge-4284	149	34	different	different	ADJ
ejge-4284	149	35	.	.	PUNCT
ejge-4284	150	1	the	the	DET
ejge-4284	150	2	central	central	ADJ
ejge-4284	150	3	concept	concept	NOUN
ejge-4284	150	4	in	in	ADP
ejge-4284	150	5	duration	duration	NOUN
ejge-4284	150	6	analysis	analysis	NOUN
ejge-4284	150	7	is	be	AUX
ejge-4284	150	8	not	not	PART
ejge-4284	150	9	the	the	DET
ejge-4284	150	10	unconditional	unconditional	ADJ
ejge-4284	150	11	probability	probability	NOUN
ejge-4284	150	12	of	of	ADP
ejge-4284	150	13	an	an	DET
ejge-4284	150	14	event	event	NOUN
ejge-4284	150	15	but	but	CCONJ
ejge-4284	150	16	its	its	PRON
ejge-4284	150	17	conditional	conditional	ADJ
ejge-4284	150	18	probability	probability	NOUN
ejge-4284	150	19	(	(	PUNCT
ejge-4284	150	20	e.g.	e.g.	ADV
ejge-4284	150	21	the	the	DET
ejge-4284	150	22	probability	probability	NOUN
ejge-4284	150	23	of	of	ADP
ejge-4284	150	24	a	a	DET
ejge-4284	150	25	consolidation	consolidation	NOUN
ejge-4284	150	26	ending	end	VERB
ejge-4284	150	27	in	in	ADP
ejge-4284	150	28	a	a	DET
ejge-4284	150	29	given	give	VERB
ejge-4284	150	30	year	year	NOUN
ejge-4284	150	31	given	give	VERB
ejge-4284	150	32	that	that	SCONJ
ejge-4284	150	33	the	the	DET
ejge-4284	150	34	expansion	expansion	NOUN
ejge-4284	150	35	has	have	AUX
ejge-4284	150	36	lasted	last	VERB
ejge-4284	150	37	up	up	ADP
ejge-4284	150	38	to	to	ADP
ejge-4284	150	39	that	that	DET
ejge-4284	150	40	point	point	NOUN
ejge-4284	150	41	)	)	PUNCT
ejge-4284	150	42	.	.	PUNCT
ejge-4284	151	1	we	we	PRON
ejge-4284	151	2	define	define	VERB
ejge-4284	151	3	the	the	DET
ejge-4284	151	4	length	length	NOUN
ejge-4284	151	5	of	of	ADP
ejge-4284	151	6	a	a	DET
ejge-4284	151	7	consolidation	consolidation	NOUN
ejge-4284	151	8	(	(	PUNCT
ejge-4284	151	9	t	t	NOUN
ejge-4284	151	10	)	)	PUNCT
ejge-4284	151	11	,	,	PUNCT
ejge-4284	151	12	measuring	measure	VERB
ejge-4284	151	13	the	the	DET
ejge-4284	151	14	number	number	NOUN
ejge-4284	151	15	of	of	ADP
ejge-4284	151	16	years	year	NOUN
ejge-4284	151	17	from	from	ADP
ejge-4284	151	18	the	the	DET
ejge-4284	151	19	start	start	NOUN
ejge-4284	151	20	to	to	ADP
ejge-4284	151	21	the	the	DET
ejge-4284	151	22	end	end	NOUN
ejge-4284	151	23	,	,	PUNCT
ejge-4284	151	24	as	as	ADP
ejge-4284	151	25	a	a	DET
ejge-4284	151	26	random	random	ADJ
ejge-4284	151	27	variable	variable	NOUN
ejge-4284	151	28	with	with	ADP
ejge-4284	151	29	a	a	DET
ejge-4284	151	30	cumulative	cumulative	ADJ
ejge-4284	151	31	distribution	distribution	NOUN
ejge-4284	151	32	function	function	NOUN
ejge-4284	151	33	f(t	f(t	NOUN
ejge-4284	151	34	)	)	PUNCT
ejge-4284	151	35	and	and	CCONJ
ejge-4284	151	36	probability	probability	NOUN
ejge-4284	151	37	density	density	NOUN
ejge-4284	151	38	function	function	NOUN
ejge-4284	151	39	f(t	f(t	NOUN
ejge-4284	151	40	)	)	PUNCT
ejge-4284	151	41	.	.	PUNCT
ejge-4284	152	1	the	the	DET
ejge-4284	152	2	survivor	survivor	NOUN
ejge-4284	152	3	function	function	NOUN
ejge-4284	152	4	is	be	AUX
ejge-4284	152	5	s(t	s(t	PROPN
ejge-4284	152	6	)	)	PUNCT
ejge-4284	152	7	=	=	SYM
ejge-4284	152	8	1	1	X
ejge-4284	152	9	–	–	PUNCT
ejge-4284	152	10	f(t	f(t	PROPN
ejge-4284	152	11	)	)	PUNCT
ejge-4284	152	12	,	,	PUNCT
ejge-4284	152	13	which	which	PRON
ejge-4284	152	14	gives	give	VERB
ejge-4284	152	15	the	the	DET
ejge-4284	152	16	probability	probability	NOUN
ejge-4284	152	17	that	that	SCONJ
ejge-4284	152	18	the	the	DET
ejge-4284	152	19	duration	duration	NOUN
ejge-4284	152	20	of	of	ADP
ejge-4284	152	21	a	a	DET
ejge-4284	152	22	consolidation	consolidation	NOUN
ejge-4284	152	23	is	be	AUX
ejge-4284	152	24	greater	great	ADJ
ejge-4284	152	25	than	than	ADP
ejge-4284	152	26	or	or	CCONJ
ejge-4284	152	27	equal	equal	ADJ
ejge-4284	152	28	to	to	ADP
ejge-4284	152	29	t.	t.	NOUN
ejge-4284	152	30	the	the	DET
ejge-4284	152	31	hazard	hazard	NOUN
ejge-4284	152	32	function	function	VERB
ejge-4284	152	33	h(t	h(t	PROPN
ejge-4284	152	34	)	)	PUNCT
ejge-4284	152	35	=	=	SYM
ejge-4284	152	36	f(t	f(t	NOUN
ejge-4284	152	37	)	)	PUNCT
ejge-4284	152	38	/	/	SYM
ejge-4284	152	39	s(t	s(t	PROPN
ejge-4284	152	40	)	)	PUNCT
ejge-4284	152	41	measures	measure	VERB
ejge-4284	152	42	the	the	DET
ejge-4284	152	43	rate	rate	NOUN
ejge-4284	152	44	at	at	ADP
ejge-4284	152	45	which	which	PRON
ejge-4284	152	46	consolidation	consolidation	NOUN
ejge-4284	152	47	spells	spell	NOUN
ejge-4284	152	48	will	will	AUX
ejge-4284	152	49	be	be	AUX
ejge-4284	152	50	completed	complete	VERB
ejge-4284	152	51	at	at	ADP
ejge-4284	152	52	duration	duration	NOUN
ejge-4284	152	53	t	t	PROPN
ejge-4284	152	54	–	–	PUNCT
ejge-4284	152	55	i.e.	i.e.	X
ejge-4284	152	56	the	the	DET
ejge-4284	152	57	probability	probability	NOUN
ejge-4284	152	58	of	of	ADP
ejge-4284	152	59	a	a	DET
ejge-4284	152	60	budget	budget	NOUN
ejge-4284	152	61	surplus	surplus	NOUN
ejge-4284	152	62	or	or	CCONJ
ejge-4284	152	63	deficit	deficit	NOUN
ejge-4284	152	64	deteriorating	deteriorate	VERB
ejge-4284	152	65	at	at	ADP
ejge-4284	152	66	time	time	NOUN
ejge-4284	152	67	t	t	PROPN
ejge-4284	152	68	,	,	PUNCT
ejge-4284	152	69	conditional	conditional	ADJ
ejge-4284	152	70	on	on	ADP
ejge-4284	152	71	the	the	DET
ejge-4284	152	72	consolidation	consolidation	NOUN
ejge-4284	152	73	having	having	AUX
ejge-4284	152	74	lasted	last	VERB
ejge-4284	152	75	until	until	ADP
ejge-4284	152	76	that	that	DET
ejge-4284	152	77	moment	moment	NOUN
ejge-4284	152	78	.	.	PUNCT
ejge-4284	153	1	broadly	broadly	ADV
ejge-4284	153	2	speaking	speak	VERB
ejge-4284	153	3	,	,	PUNCT
ejge-4284	153	4	there	there	PRON
ejge-4284	153	5	are	be	VERB
ejge-4284	153	6	two	two	NUM
ejge-4284	153	7	main	main	ADJ
ejge-4284	153	8	approaches	approach	NOUN
ejge-4284	153	9	in	in	ADP
ejge-4284	153	10	the	the	DET
ejge-4284	153	11	literature	literature	NOUN
ejge-4284	153	12	to	to	PART
ejge-4284	153	13	estimating	estimate	VERB
ejge-4284	153	14	the	the	DET
ejge-4284	153	15	hazard	hazard	NOUN
ejge-4284	153	16	function	function	NOUN
ejge-4284	153	17	.	.	PUNCT
ejge-4284	154	1	one	one	NUM
ejge-4284	154	2	is	be	AUX
ejge-4284	154	3	to	to	PART
ejge-4284	154	4	use	use	VERB
ejge-4284	154	5	a	a	DET
ejge-4284	154	6	non	non	ADJ
ejge-4284	154	7	-	-	ADJ
ejge-4284	154	8	parametric	parametric	ADJ
ejge-4284	154	9	or	or	CCONJ
ejge-4284	154	10	semi	semi	ADJ
ejge-4284	154	11	-	-	ADJ
ejge-4284	154	12	parametric	parametric	ADJ
ejge-4284	154	13	approach	approach	NOUN
ejge-4284	154	14	,	,	PUNCT
ejge-4284	154	15	most	most	ADV
ejge-4284	154	16	commonly	commonly	ADV
ejge-4284	154	17	associated	associate	VERB
ejge-4284	154	18	with	with	ADP
ejge-4284	154	19	the	the	DET
ejge-4284	154	20	cox	cox	PROPN
ejge-4284	154	21	proportional	proportional	PROPN
ejge-4284	154	22	hazards	hazard	NOUN
ejge-4284	154	23	model	model	NOUN
ejge-4284	154	24	.	.	PUNCT
ejge-4284	155	1	although	although	SCONJ
ejge-4284	155	2	the	the	DET
ejge-4284	155	3	nonparametric	nonparametric	NOUN
ejge-4284	155	4	approach	approach	NOUN
ejge-4284	155	5	is	be	AUX
ejge-4284	155	6	more	more	ADV
ejge-4284	155	7	flexible	flexible	ADJ
ejge-4284	155	8	,	,	PUNCT
ejge-4284	155	9	it	it	PRON
ejge-4284	155	10	can	can	AUX
ejge-4284	155	11	lead	lead	VERB
ejge-4284	155	12	to	to	ADP
ejge-4284	155	13	less	less	ADV
ejge-4284	155	14	precise	precise	ADJ
ejge-4284	155	15	estimates	estimate	NOUN
ejge-4284	155	16	of	of	ADP
ejge-4284	155	17	the	the	DET
ejge-4284	155	18	hazard	hazard	NOUN
ejge-4284	155	19	function	function	NOUN
ejge-4284	155	20	than	than	ADP
ejge-4284	155	21	a	a	DET
ejge-4284	155	22	correctly	correctly	ADV
ejge-4284	155	23	specified	specify	VERB
ejge-4284	155	24	parametric	parametric	ADJ
ejge-4284	155	25	form	form	NOUN
ejge-4284	155	26	.	.	PUNCT
ejge-4284	156	1	the	the	DET
ejge-4284	156	2	other	other	ADJ
ejge-4284	156	3	approach	approach	NOUN
ejge-4284	156	4	,	,	PUNCT
ejge-4284	156	5	and	and	CCONJ
ejge-4284	156	6	the	the	DET
ejge-4284	156	7	one	one	NOUN
ejge-4284	156	8	taken	take	VERB
ejge-4284	156	9	here	here	ADV
ejge-4284	156	10	,	,	PUNCT
ejge-4284	156	11	is	be	AUX
ejge-4284	156	12	to	to	PART
ejge-4284	156	13	specify	specify	VERB
ejge-4284	156	14	and	and	CCONJ
ejge-4284	156	15	estimate	estimate	VERB
ejge-4284	156	16	a	a	DET
ejge-4284	156	17	functional	functional	ADJ
ejge-4284	156	18	form	form	NOUN
ejge-4284	156	19	for	for	ADP
ejge-4284	156	20	the	the	DET
ejge-4284	156	21	hazard	hazard	NOUN
ejge-4284	156	22	european	european	PROPN
ejge-4284	156	23	journal	journal	PROPN
ejge-4284	156	24	of	of	ADP
ejge-4284	156	25	government	government	NOUN
ejge-4284	156	26	and	and	CCONJ
ejge-4284	156	27	economics	economic	NOUN
ejge-4284	156	28	2(1	2(1	NUM
ejge-4284	156	29	)	)	PUNCT
ejge-4284	156	30	14	14	NUM
ejge-4284	156	31	function	function	NOUN
ejge-4284	156	32	.	.	PUNCT
ejge-4284	157	1	various	various	ADJ
ejge-4284	157	2	forms	form	NOUN
ejge-4284	157	3	are	be	AUX
ejge-4284	157	4	possible	possible	ADJ
ejge-4284	157	5	,	,	PUNCT
ejge-4284	157	6	but	but	CCONJ
ejge-4284	157	7	a	a	DET
ejge-4284	157	8	common	common	ADJ
ejge-4284	157	9	approach	approach	NOUN
ejge-4284	157	10	–	–	PUNCT
ejge-4284	157	11	and	and	CCONJ
ejge-4284	157	12	the	the	DET
ejge-4284	157	13	one	one	NOUN
ejge-4284	157	14	used	use	VERB
ejge-4284	157	15	here	here	ADV
ejge-4284	157	16	–	–	PUNCT
ejge-4284	157	17	is	be	AUX
ejge-4284	157	18	the	the	DET
ejge-4284	157	19	weibull	weibull	PROPN
ejge-4284	157	20	model	model	NOUN
ejge-4284	157	21	:	:	PUNCT
ejge-4284	157	22	h(t	h(t	PROPN
ejge-4284	157	23	,	,	PUNCT
ejge-4284	157	24	x	x	X
ejge-4284	157	25	)	)	PUNCT
ejge-4284	157	26	1	1	NUM
ejge-4284	157	27	t	t	ADP
ejge-4284	157	28	exp	exp	NOUN
ejge-4284	157	29	)	)	PUNCT
ejge-4284	157	30	'	'	PUNCT
ejge-4284	157	31	(	(	PUNCT
ejge-4284	157	32	x	x	ADP
ejge-4284	157	33	where	where	SCONJ
ejge-4284	157	34	exp	exp	NOUN
ejge-4284	157	35	(	(	PUNCT
ejge-4284	157	36	.	.	PUNCT
ejge-4284	157	37	)	)	PUNCT
ejge-4284	157	38	is	be	AUX
ejge-4284	157	39	the	the	DET
ejge-4284	157	40	exponential	exponential	ADJ
ejge-4284	157	41	function	function	NOUN
ejge-4284	157	42	and	and	CCONJ
ejge-4284	157	43	x	x	X
ejge-4284	157	44	is	be	AUX
ejge-4284	157	45	a	a	DET
ejge-4284	157	46	vector	vector	NOUN
ejge-4284	157	47	of	of	ADP
ejge-4284	157	48	covariates	covariate	NOUN
ejge-4284	157	49	which	which	PRON
ejge-4284	157	50	influence	influence	VERB
ejge-4284	157	51	the	the	DET
ejge-4284	157	52	hazard	hazard	NOUN
ejge-4284	157	53	rate	rate	NOUN
ejge-4284	157	54	.	.	PUNCT
ejge-4284	158	1	the	the	DET
ejge-4284	158	2	hazard	hazard	NOUN
ejge-4284	158	3	rate	rate	NOUN
ejge-4284	158	4	(	(	PUNCT
ejge-4284	158	5	the	the	DET
ejge-4284	158	6	conditional	conditional	ADJ
ejge-4284	158	7	rate	rate	NOUN
ejge-4284	158	8	at	at	ADP
ejge-4284	158	9	which	which	PRON
ejge-4284	158	10	consolidations	consolidation	NOUN
ejge-4284	158	11	end	end	VERB
ejge-4284	158	12	)	)	PUNCT
ejge-4284	158	13	either	either	CCONJ
ejge-4284	158	14	rises	rise	VERB
ejge-4284	158	15	with	with	ADP
ejge-4284	158	16	time	time	NOUN
ejge-4284	158	17	(	(	PUNCT
ejge-4284	158	18			X
ejge-4284	158	19	>	>	X
ejge-4284	158	20	1	1	NUM
ejge-4284	158	21	)	)	PUNCT
ejge-4284	158	22	–	–	PUNCT
ejge-4284	158	23	which	which	PRON
ejge-4284	158	24	is	be	AUX
ejge-4284	158	25	termed	term	VERB
ejge-4284	158	26	“	"	PUNCT
ejge-4284	158	27	positive	positive	ADJ
ejge-4284	158	28	duration	duration	NOUN
ejge-4284	158	29	dependence	dependence	NOUN
ejge-4284	158	30	”	"	PUNCT
ejge-4284	158	31	,	,	PUNCT
ejge-4284	158	32	falls	fall	VERB
ejge-4284	158	33	with	with	ADP
ejge-4284	158	34	time	time	NOUN
ejge-4284	158	35	(	(	PUNCT
ejge-4284	158	36			X
ejge-4284	158	37	<	<	X
ejge-4284	158	38	1	1	NUM
ejge-4284	158	39	)	)	PUNCT
ejge-4284	158	40	or	or	CCONJ
ejge-4284	158	41	is	be	AUX
ejge-4284	158	42	constant	constant	ADJ
ejge-4284	158	43	.	.	PUNCT
ejge-4284	159	1	this	this	PRON
ejge-4284	159	2	suggests	suggest	VERB
ejge-4284	159	3	that	that	SCONJ
ejge-4284	159	4	the	the	DET
ejge-4284	159	5	conditional	conditional	ADJ
ejge-4284	159	6	probability	probability	NOUN
ejge-4284	159	7	of	of	ADP
ejge-4284	159	8	a	a	DET
ejge-4284	159	9	consolidation	consolidation	NOUN
ejge-4284	159	10	ending	end	VERB
ejge-4284	159	11	increases	increase	NOUN
ejge-4284	159	12	as	as	ADP
ejge-4284	159	13	time	time	NOUN
ejge-4284	159	14	passes	pass	NOUN
ejge-4284	159	15	,	,	PUNCT
ejge-4284	159	16	either	either	CCONJ
ejge-4284	159	17	as	as	ADP
ejge-4284	159	18	‘	'	PUNCT
ejge-4284	159	19	consolidation	consolidation	NOUN
ejge-4284	159	20	fatigue	fatigue	NOUN
ejge-4284	159	21	’	'	PUNCT
ejge-4284	159	22	sets	set	NOUN
ejge-4284	159	23	in	in	ADP
ejge-4284	159	24	,	,	PUNCT
ejge-4284	159	25	or	or	CCONJ
ejge-4284	159	26	perhaps	perhaps	ADV
ejge-4284	159	27	because	because	SCONJ
ejge-4284	159	28	as	as	SCONJ
ejge-4284	159	29	a	a	DET
ejge-4284	159	30	consolidation	consolidation	NOUN
ejge-4284	159	31	continues	continue	VERB
ejge-4284	159	32	,	,	PUNCT
ejge-4284	159	33	policymakers	policymaker	NOUN
ejge-4284	159	34	conclude	conclude	VERB
ejge-4284	159	35	that	that	SCONJ
ejge-4284	159	36	the	the	DET
ejge-4284	159	37	‘	'	PUNCT
ejge-4284	159	38	job	job	NOUN
ejge-4284	159	39	is	be	AUX
ejge-4284	159	40	done	do	VERB
ejge-4284	159	41	’	'	PUNCT
ejge-4284	159	42	–	–	PUNCT
ejge-4284	159	43	governments	government	NOUN
ejge-4284	159	44	have	have	AUX
ejge-4284	159	45	pushed	push	VERB
ejge-4284	159	46	through	through	ADP
ejge-4284	159	47	sufficient	sufficient	ADJ
ejge-4284	159	48	consolidation	consolidation	NOUN
ejge-4284	159	49	to	to	PART
ejge-4284	159	50	put	put	VERB
ejge-4284	159	51	finances	finance	NOUN
ejge-4284	159	52	on	on	ADP
ejge-4284	159	53	a	a	DET
ejge-4284	159	54	sustainable	sustainable	ADJ
ejge-4284	159	55	path	path	NOUN
ejge-4284	159	56	.	.	PUNCT
ejge-4284	160	1	in	in	ADP
ejge-4284	160	2	the	the	DET
ejge-4284	160	3	following	follow	VERB
ejge-4284	160	4	sections	section	NOUN
ejge-4284	160	5	we	we	PRON
ejge-4284	160	6	present	present	VERB
ejge-4284	160	7	parametric	parametric	ADJ
ejge-4284	160	8	estimates	estimate	NOUN
ejge-4284	160	9	,	,	PUNCT
ejge-4284	160	10	with	with	ADP
ejge-4284	160	11	hazard	hazard	NOUN
ejge-4284	160	12	functions	function	NOUN
ejge-4284	160	13	using	use	VERB
ejge-4284	160	14	the	the	DET
ejge-4284	160	15	weibull	weibull	PROPN
ejge-4284	160	16	model	model	NOUN
ejge-4284	160	17	.	.	PUNCT
ejge-4284	161	1	to	to	PART
ejge-4284	161	2	check	check	VERB
ejge-4284	161	3	the	the	DET
ejge-4284	161	4	robustness	robustness	NOUN
ejge-4284	161	5	of	of	ADP
ejge-4284	161	6	the	the	DET
ejge-4284	161	7	results	result	NOUN
ejge-4284	161	8	,	,	PUNCT
ejge-4284	161	9	we	we	PRON
ejge-4284	161	10	also	also	ADV
ejge-4284	161	11	considered	consider	VERB
ejge-4284	161	12	other	other	ADJ
ejge-4284	161	13	functional	functional	ADJ
ejge-4284	161	14	forms	form	NOUN
ejge-4284	161	15	and	and	CCONJ
ejge-4284	161	16	the	the	DET
ejge-4284	161	17	non	non	ADJ
ejge-4284	161	18	-	-	ADJ
ejge-4284	161	19	parametric	parametric	ADJ
ejge-4284	161	20	approach	approach	NOUN
ejge-4284	161	21	of	of	ADP
ejge-4284	161	22	the	the	DET
ejge-4284	161	23	cox	cox	PROPN
ejge-4284	161	24	proportional	proportional	PROPN
ejge-4284	161	25	hazards	hazard	NOUN
ejge-4284	161	26	model	model	NOUN
ejge-4284	161	27	.	.	PUNCT
ejge-4284	162	1	in	in	ADP
ejge-4284	162	2	order	order	NOUN
ejge-4284	162	3	to	to	PART
ejge-4284	162	4	discriminate	discriminate	VERB
ejge-4284	162	5	between	between	ADP
ejge-4284	162	6	models	model	NOUN
ejge-4284	162	7	,	,	PUNCT
ejge-4284	162	8	the	the	DET
ejge-4284	162	9	literature	literature	NOUN
ejge-4284	162	10	suggests	suggest	VERB
ejge-4284	162	11	a	a	DET
ejge-4284	162	12	graphical	graphical	ADJ
ejge-4284	162	13	analysis	analysis	NOUN
ejge-4284	162	14	of	of	ADP
ejge-4284	162	15	the	the	DET
ejge-4284	162	16	so	so	ADV
ejge-4284	162	17	-	-	PUNCT
ejge-4284	162	18	called	call	VERB
ejge-4284	162	19	cox	cox	PROPN
ejge-4284	162	20	-	-	PUNCT
ejge-4284	162	21	snell	snell	PROPN
ejge-4284	162	22	residuals	residual	NOUN
ejge-4284	162	23	(	(	PUNCT
ejge-4284	162	24	e.g.	e.g.	ADV
ejge-4284	162	25	arjas	arjas	NOUN
ejge-4284	162	26	,	,	PUNCT
ejge-4284	162	27	1988	1988	NUM
ejge-4284	162	28	)	)	PUNCT
ejge-4284	162	29	.	.	PUNCT
ejge-4284	163	1	that	that	DET
ejge-4284	163	2	analysis	analysis	NOUN
ejge-4284	163	3	suggested	suggest	VERB
ejge-4284	163	4	that	that	SCONJ
ejge-4284	163	5	,	,	PUNCT
ejge-4284	163	6	indeed	indeed	ADV
ejge-4284	163	7	,	,	PUNCT
ejge-4284	163	8	the	the	DET
ejge-4284	163	9	weibull	weibull	PROPN
ejge-4284	163	10	model	model	NOUN
ejge-4284	163	11	presents	present	VERB
ejge-4284	163	12	a	a	DET
ejge-4284	163	13	relatively	relatively	ADV
ejge-4284	163	14	good	good	ADJ
ejge-4284	163	15	fit	fit	NOUN
ejge-4284	163	16	for	for	ADP
ejge-4284	163	17	our	our	PRON
ejge-4284	163	18	estimated	estimate	VERB
ejge-4284	163	19	model	model	NOUN
ejge-4284	163	20	.	.	PUNCT
ejge-4284	164	1	another	another	DET
ejge-4284	164	2	key	key	ADJ
ejge-4284	164	3	issue	issue	NOUN
ejge-4284	164	4	is	be	AUX
ejge-4284	164	5	how	how	SCONJ
ejge-4284	164	6	to	to	PART
ejge-4284	164	7	handle	handle	VERB
ejge-4284	164	8	the	the	DET
ejge-4284	164	9	possible	possible	ADJ
ejge-4284	164	10	presence	presence	NOUN
ejge-4284	164	11	of	of	ADP
ejge-4284	164	12	country	country	NOUN
ejge-4284	164	13	level	level	NOUN
ejge-4284	164	14	heterogeneity	heterogeneity	NOUN
ejge-4284	164	15	.	.	PUNCT
ejge-4284	165	1	various	various	ADJ
ejge-4284	165	2	approaches	approach	NOUN
ejge-4284	165	3	exist	exist	VERB
ejge-4284	165	4	.	.	PUNCT
ejge-4284	166	1	one	one	NUM
ejge-4284	166	2	is	be	AUX
ejge-4284	166	3	to	to	PART
ejge-4284	166	4	assume	assume	VERB
ejge-4284	166	5	that	that	SCONJ
ejge-4284	166	6	countries	country	NOUN
ejge-4284	166	7	have	have	AUX
ejge-4284	166	8	differing	differ	VERB
ejge-4284	166	9	propensities	propensity	NOUN
ejge-4284	166	10	for	for	ADP
ejge-4284	166	11	sustaining	sustain	VERB
ejge-4284	166	12	consolidations	consolidation	NOUN
ejge-4284	166	13	.	.	PUNCT
ejge-4284	167	1	these	these	DET
ejge-4284	167	2	propensities	propensity	NOUN
ejge-4284	167	3	–	–	PUNCT
ejge-4284	167	4	or	or	CCONJ
ejge-4284	167	5	frailties	frailty	NOUN
ejge-4284	167	6	–	–	PUNCT
ejge-4284	167	7	are	be	AUX
ejge-4284	167	8	analogous	analogous	ADJ
ejge-4284	167	9	to	to	ADP
ejge-4284	167	10	random	random	ADJ
ejge-4284	167	11	effects	effect	NOUN
ejge-4284	167	12	in	in	ADP
ejge-4284	167	13	panel	panel	NOUN
ejge-4284	167	14	data	datum	NOUN
ejge-4284	167	15	models	model	NOUN
ejge-4284	167	16	.	.	PUNCT
ejge-4284	168	1	an	an	DET
ejge-4284	168	2	alternative	alternative	NOUN
ejge-4284	168	3	is	be	AUX
ejge-4284	168	4	to	to	PART
ejge-4284	168	5	include	include	VERB
ejge-4284	168	6	fixed	fix	VERB
ejge-4284	168	7	effects	effect	NOUN
ejge-4284	168	8	or	or	CCONJ
ejge-4284	168	9	country	country	NOUN
ejge-4284	168	10	dummies	dummy	NOUN
ejge-4284	168	11	in	in	ADP
ejge-4284	168	12	the	the	DET
ejge-4284	168	13	set	set	NOUN
ejge-4284	168	14	of	of	ADP
ejge-4284	168	15	covariates	covariate	NOUN
ejge-4284	168	16	.	.	PUNCT
ejge-4284	169	1	as	as	ADP
ejge-4284	169	2	an	an	DET
ejge-4284	169	3	initial	initial	ADJ
ejge-4284	169	4	step	step	NOUN
ejge-4284	169	5	in	in	ADP
ejge-4284	169	6	our	our	PRON
ejge-4284	169	7	estimations	estimation	NOUN
ejge-4284	169	8	,	,	PUNCT
ejge-4284	169	9	we	we	PRON
ejge-4284	169	10	tested	test	VERB
ejge-4284	169	11	for	for	ADP
ejge-4284	169	12	the	the	DET
ejge-4284	169	13	significance	significance	NOUN
ejge-4284	169	14	of	of	ADP
ejge-4284	169	15	fixed	fix	VERB
ejge-4284	169	16	and	and	CCONJ
ejge-4284	169	17	random	random	ADJ
ejge-4284	169	18	effects	effect	NOUN
ejge-4284	169	19	.	.	PUNCT
ejge-4284	170	1	however	however	ADV
ejge-4284	170	2	,	,	PUNCT
ejge-4284	170	3	in	in	ADP
ejge-4284	170	4	both	both	DET
ejge-4284	170	5	instances	instance	NOUN
ejge-4284	170	6	we	we	PRON
ejge-4284	170	7	found	find	VERB
ejge-4284	170	8	the	the	DET
ejge-4284	170	9	effects	effect	NOUN
ejge-4284	170	10	to	to	PART
ejge-4284	170	11	be	be	AUX
ejge-4284	170	12	insignificant	insignificant	ADJ
ejge-4284	170	13	.	.	PUNCT
ejge-4284	171	1	parametric	parametric	ADJ
ejge-4284	171	2	analyses	analysis	NOUN
ejge-4284	171	3	:	:	PUNCT
ejge-4284	171	4	factors	factor	NOUN
ejge-4284	171	5	sustaining	sustain	VERB
ejge-4284	171	6	the	the	DET
ejge-4284	171	7	length	length	NOUN
ejge-4284	171	8	of	of	ADP
ejge-4284	171	9	fiscal	fiscal	ADJ
ejge-4284	171	10	consolidations	consolidation	NOUN
ejge-4284	171	11	tables	table	VERB
ejge-4284	171	12	4	4	NUM
ejge-4284	171	13	to	to	PART
ejge-4284	171	14	7	7	NUM
ejge-4284	171	15	present	present	ADJ
ejge-4284	171	16	estimations	estimation	NOUN
ejge-4284	171	17	of	of	ADP
ejge-4284	171	18	hazard	hazard	NOUN
ejge-4284	171	19	models	model	NOUN
ejge-4284	171	20	for	for	ADP
ejge-4284	171	21	the	the	DET
ejge-4284	171	22	duration	duration	NOUN
ejge-4284	171	23	of	of	ADP
ejge-4284	171	24	consolidation	consolidation	NOUN
ejge-4284	171	25	periods	period	NOUN
ejge-4284	171	26	for	for	ADP
ejge-4284	171	27	our	our	PRON
ejge-4284	171	28	panel	panel	NOUN
ejge-4284	171	29	of	of	ADP
ejge-4284	171	30	advanced	advanced	ADJ
ejge-4284	171	31	economies	economy	NOUN
ejge-4284	171	32	,	,	PUNCT
ejge-4284	171	33	using	use	VERB
ejge-4284	171	34	the	the	DET
ejge-4284	171	35	weibull	weibull	PROPN
ejge-4284	171	36	model	model	NOUN
ejge-4284	171	37	.	.	PUNCT
ejge-4284	172	1	the	the	DET
ejge-4284	172	2	variables	variable	NOUN
ejge-4284	172	3	included	include	VERB
ejge-4284	172	4	in	in	ADP
ejge-4284	172	5	the	the	DET
ejge-4284	172	6	models	model	NOUN
ejge-4284	172	7	are	be	AUX
ejge-4284	172	8	described	describe	VERB
ejge-4284	172	9	in	in	ADP
ejge-4284	172	10	table	table	NOUN
ejge-4284	172	11	3	3	NUM
ejge-4284	172	12	.	.	PUNCT
ejge-4284	173	1	the	the	DET
ejge-4284	173	2	coefficients	coefficient	NOUN
ejge-4284	173	3	are	be	AUX
ejge-4284	173	4	reported	report	VERB
ejge-4284	173	5	as	as	ADP
ejge-4284	173	6	hazard	hazard	NOUN
ejge-4284	173	7	ratios	ratio	NOUN
ejge-4284	173	8	–	–	PUNCT
ejge-4284	173	9	a	a	DET
ejge-4284	173	10	coefficient	coefficient	NOUN
ejge-4284	173	11	greater	great	ADJ
ejge-4284	173	12	than	than	ADP
ejge-4284	173	13	zero	zero	NUM
ejge-4284	173	14	indicates	indicate	VERB
ejge-4284	173	15	that	that	SCONJ
ejge-4284	173	16	an	an	DET
ejge-4284	173	17	increase	increase	NOUN
ejge-4284	173	18	in	in	ADP
ejge-4284	173	19	the	the	DET
ejge-4284	173	20	explanatory	explanatory	ADJ
ejge-4284	173	21	variable	variable	NOUN
ejge-4284	173	22	increases	increase	VERB
ejge-4284	173	23	the	the	DET
ejge-4284	173	24	hazard	hazard	NOUN
ejge-4284	173	25	rate	rate	NOUN
ejge-4284	173	26	(	(	PUNCT
ejge-4284	173	27	the	the	DET
ejge-4284	173	28	conditional	conditional	ADJ
ejge-4284	173	29	probability	probability	NOUN
ejge-4284	173	30	of	of	ADP
ejge-4284	173	31	a	a	DET
ejge-4284	173	32	consolidation	consolidation	NOUN
ejge-4284	173	33	coming	come	VERB
ejge-4284	173	34	to	to	ADP
ejge-4284	173	35	an	an	DET
ejge-4284	173	36	end	end	NOUN
ejge-4284	173	37	)	)	PUNCT
ejge-4284	173	38	.	.	PUNCT
ejge-4284	174	1	we	we	PRON
ejge-4284	174	2	also	also	ADV
ejge-4284	174	3	report	report	VERB
ejge-4284	174	4	a	a	DET
ejge-4284	174	5	measure	measure	NOUN
ejge-4284	174	6	of	of	ADP
ejge-4284	174	7	explained	explain	VERB
ejge-4284	174	8	variation	variation	NOUN
ejge-4284	174	9	,	,	PUNCT
ejge-4284	174	10	an	an	DET
ejge-4284	174	11	adjusted	adjusted	ADJ
ejge-4284	174	12	r	r	NOUN
ejge-4284	174	13	-	-	PUNCT
ejge-4284	174	14	squared	square	VERB
ejge-4284	174	15	employed	employ	VERB
ejge-4284	174	16	for	for	ADP
ejge-4284	174	17	survival	survival	NOUN
ejge-4284	174	18	models	model	NOUN
ejge-4284	174	19	(	(	PUNCT
ejge-4284	174	20	royston	royston	PROPN
ejge-4284	174	21	(	(	PUNCT
ejge-4284	174	22	2006	2006	NUM
ejge-4284	174	23	)	)	PUNCT
ejge-4284	174	24	)	)	PUNCT
ejge-4284	174	25	.	.	PUNCT
ejge-4284	175	1	lodge	lodge	PROPN
ejge-4284	175	2	and	and	CCONJ
ejge-4284	175	3	rodríguez	rodríguez	PROPN
ejge-4284	175	4	-	-	PUNCT
ejge-4284	175	5	vives	vive	NOUN
ejge-4284	175	6	●	●	PUNCT
ejge-4284	175	7	how	how	SCONJ
ejge-4284	175	8	long	long	ADV
ejge-4284	175	9	can	can	AUX
ejge-4284	175	10	austerity	austerity	NOUN
ejge-4284	175	11	persist	persist	VERB
ejge-4284	175	12	?	?	PUNCT
ejge-4284	176	1	15	15	NUM
ejge-4284	176	2	table	table	NOUN
ejge-4284	176	3	3	3	NUM
ejge-4284	176	4	:	:	PUNCT
ejge-4284	176	5	definitions	definition	NOUN
ejge-4284	176	6	of	of	ADP
ejge-4284	176	7	variables	variable	NOUN
ejge-4284	176	8	used	use	VERB
ejge-4284	176	9	in	in	ADP
ejge-4284	176	10	duration	duration	NOUN
ejge-4284	176	11	analyses	analysis	NOUN
ejge-4284	176	12	variable	variable	ADJ
ejge-4284	176	13	definition	definition	NOUN
ejge-4284	176	14	capb	capb	PROPN
ejge-4284	176	15	government	government	NOUN
ejge-4284	176	16	cyclically	cyclically	ADV
ejge-4284	176	17	adjusted	adjust	VERB
ejge-4284	176	18	primary	primary	ADJ
ejge-4284	176	19	balance	balance	NOUN
ejge-4284	176	20	(	(	PUNCT
ejge-4284	176	21	oecd	oecd	PROPN
ejge-4284	176	22	definition	definition	NOUN
ejge-4284	176	23	)	)	PUNCT
ejge-4284	176	24	government	government	NOUN
ejge-4284	176	25	debt	debt	NOUN
ejge-4284	176	26	gross	gross	ADJ
ejge-4284	176	27	government	government	NOUN
ejge-4284	176	28	debt	debt	NOUN
ejge-4284	176	29	as	as	ADP
ejge-4284	176	30	percent	percent	NOUN
ejge-4284	176	31	gdp	gdp	NOUN
ejge-4284	176	32	government	government	NOUN
ejge-4284	176	33	debt	debt	NOUN
ejge-4284	176	34	>	>	NUM
ejge-4284	176	35	90	90	NUM
ejge-4284	176	36	%	%	NOUN
ejge-4284	176	37	dummy	dummy	ADJ
ejge-4284	176	38	variable	variable	NOUN
ejge-4284	176	39	indicating	indicate	VERB
ejge-4284	176	40	government	government	NOUN
ejge-4284	176	41	debt	debt	NOUN
ejge-4284	176	42	-	-	PUNCT
ejge-4284	176	43	to	to	ADP
ejge-4284	176	44	-	-	PUNCT
ejge-4284	176	45	gdp	gdp	NOUN
ejge-4284	176	46	ratio	ratio	NOUN
ejge-4284	176	47	grater	grater	NOUN
ejge-4284	176	48	than	than	ADP
ejge-4284	176	49	90	90	NUM
ejge-4284	176	50	%	%	NOUN
ejge-4284	176	51	govt	govt	NOUN
ejge-4284	176	52	.	.	PUNCT
ejge-4284	177	1	interest	interest	NOUN
ejge-4284	177	2	payments	payment	NOUN
ejge-4284	177	3	(	(	PUNCT
ejge-4284	177	4	%	%	INTJ
ejge-4284	177	5	gdp	gdp	NOUN
ejge-4284	177	6	)	)	PUNCT
ejge-4284	177	7	gross	gross	ADJ
ejge-4284	177	8	government	government	NOUN
ejge-4284	177	9	interest	interest	NOUN
ejge-4284	177	10	payments	payment	NOUN
ejge-4284	177	11	as	as	ADP
ejge-4284	177	12	percent	percent	NOUN
ejge-4284	177	13	gdp	gdp	NOUN
ejge-4284	177	14	(	(	PUNCT
ejge-4284	177	15	expressed	express	VERB
ejge-4284	177	16	as	as	ADP
ejge-4284	177	17	negative	negative	ADJ
ejge-4284	177	18	number	number	NOUN
ejge-4284	177	19	)	)	PUNCT
ejge-4284	177	20	real	real	ADJ
ejge-4284	177	21	long	long	ADJ
ejge-4284	177	22	-	-	PUNCT
ejge-4284	177	23	term	term	NOUN
ejge-4284	177	24	interest	interest	NOUN
ejge-4284	177	25	rates	rate	NOUN
ejge-4284	177	26	yields	yield	NOUN
ejge-4284	177	27	on	on	ADP
ejge-4284	177	28	10	10	NUM
ejge-4284	177	29	year	year	NOUN
ejge-4284	177	30	government	government	NOUN
ejge-4284	177	31	bonds	bond	NOUN
ejge-4284	177	32	deflated	deflate	VERB
ejge-4284	177	33	by	by	ADP
ejge-4284	177	34	current	current	ADJ
ejge-4284	177	35	cpi	cpi	PROPN
ejge-4284	177	36	yearon	yearon	NOUN
ejge-4284	177	37	-	-	PUNCT
ejge-4284	177	38	year	year	NOUN
ejge-4284	177	39	growth	growth	NOUN
ejge-4284	177	40	real	real	ADJ
ejge-4284	177	41	short	short	ADJ
ejge-4284	177	42	-	-	PUNCT
ejge-4284	177	43	term	term	NOUN
ejge-4284	177	44	interest	interest	NOUN
ejge-4284	177	45	rates	rate	NOUN
ejge-4284	177	46	yields	yield	NOUN
ejge-4284	177	47	on	on	ADP
ejge-4284	177	48	short	short	ADJ
ejge-4284	177	49	-	-	PUNCT
ejge-4284	177	50	term	term	NOUN
ejge-4284	177	51	government	government	NOUN
ejge-4284	177	52	bonds	bond	NOUN
ejge-4284	177	53	deflated	deflate	VERB
ejge-4284	177	54	by	by	ADP
ejge-4284	177	55	current	current	ADJ
ejge-4284	177	56	cpi	cpi	PROPN
ejge-4284	177	57	year	year	NOUN
ejge-4284	177	58	-	-	PUNCT
ejge-4284	177	59	on	on	ADP
ejge-4284	177	60	-	-	PUNCT
ejge-4284	177	61	year	year	NOUN
ejge-4284	177	62	growth	growth	NOUN
ejge-4284	177	63	real	real	ADJ
ejge-4284	177	64	gdp	gdp	NOUN
ejge-4284	177	65	growth	growth	NOUN
ejge-4284	177	66	rate	rate	NOUN
ejge-4284	177	67	annual	annual	ADJ
ejge-4284	177	68	gdp	gdp	NOUN
ejge-4284	177	69	growth	growth	NOUN
ejge-4284	177	70	in	in	ADP
ejge-4284	177	71	three	three	NUM
ejge-4284	177	72	years	year	NOUN
ejge-4284	177	73	prior	prior	ADV
ejge-4284	177	74	to	to	ADP
ejge-4284	177	75	consolidation	consolidation	NOUN
ejge-4284	177	76	real	real	ADJ
ejge-4284	177	77	potential	potential	ADJ
ejge-4284	177	78	output	output	NOUN
ejge-4284	177	79	growth	growth	NOUN
ejge-4284	177	80	rate	rate	NOUN
ejge-4284	177	81	potential	potential	ADJ
ejge-4284	177	82	output	output	NOUN
ejge-4284	177	83	growth	growth	NOUN
ejge-4284	177	84	(	(	PUNCT
ejge-4284	177	85	oecd	oecd	PROPN
ejge-4284	177	86	estimate	estimate	NOUN
ejge-4284	177	87	)	)	PUNCT
ejge-4284	177	88	output	output	NOUN
ejge-4284	177	89	gap	gap	NOUN
ejge-4284	177	90	output	output	NOUN
ejge-4284	177	91	as	as	ADP
ejge-4284	177	92	percent	percent	NOUN
ejge-4284	177	93	of	of	ADP
ejge-4284	177	94	potential	potential	ADJ
ejge-4284	177	95	(	(	PUNCT
ejge-4284	177	96	oecd	oecd	PROPN
ejge-4284	177	97	estimate	estimate	NOUN
ejge-4284	177	98	)	)	PUNCT
ejge-4284	177	99	world	world	PROPN
ejge-4284	177	100	gdp	gdp	NOUN
ejge-4284	177	101	growth	growth	NOUN
ejge-4284	177	102	annual	annual	ADJ
ejge-4284	177	103	growth	growth	NOUN
ejge-4284	177	104	in	in	ADP
ejge-4284	177	105	world	world	PROPN
ejge-4284	177	106	gdp	gdp	PROPN
ejge-4284	177	107	(	(	PUNCT
ejge-4284	177	108	imf	imf	PROPN
ejge-4284	177	109	)	)	PUNCT
ejge-4284	177	110	current	current	ADJ
ejge-4284	177	111	account	account	NOUN
ejge-4284	177	112	balance	balance	NOUN
ejge-4284	177	113	current	current	ADJ
ejge-4284	177	114	account	account	NOUN
ejge-4284	177	115	balance	balance	NOUN
ejge-4284	177	116	as	as	ADP
ejge-4284	177	117	percent	percent	NOUN
ejge-4284	177	118	of	of	ADP
ejge-4284	177	119	gdp	gdp	NOUN
ejge-4284	177	120	private	private	ADJ
ejge-4284	177	121	sector	sector	NOUN
ejge-4284	177	122	net	net	ADJ
ejge-4284	177	123	lending	lend	VERB
ejge-4284	177	124	private	private	ADJ
ejge-4284	177	125	sector	sector	NOUN
ejge-4284	177	126	surplus	surplus	NOUN
ejge-4284	177	127	/	/	SYM
ejge-4284	177	128	deficit	deficit	NOUN
ejge-4284	177	129	as	as	ADP
ejge-4284	177	130	percent	percent	NOUN
ejge-4284	177	131	of	of	ADP
ejge-4284	177	132	gdp	gdp	NOUN
ejge-4284	177	133	private	private	ADJ
ejge-4284	177	134	sector	sector	NOUN
ejge-4284	177	135	credit	credit	NOUN
ejge-4284	177	136	-	-	PUNCT
ejge-4284	177	137	to	to	ADP
ejge-4284	177	138	-	-	PUNCT
ejge-4284	177	139	gdp	gdp	NOUN
ejge-4284	177	140	private	private	ADJ
ejge-4284	177	141	sector	sector	NOUN
ejge-4284	177	142	credit	credit	NOUN
ejge-4284	177	143	to	to	ADP
ejge-4284	177	144	gdp	gdp	NOUN
ejge-4284	177	145	ratio	ratio	NOUN
ejge-4284	177	146	(	(	PUNCT
ejge-4284	177	147	source	source	NOUN
ejge-4284	177	148	:	:	PUNCT
ejge-4284	177	149	bis	bis	ADJ
ejge-4284	177	150	)	)	PUNCT
ejge-4284	177	151	private	private	ADJ
ejge-4284	177	152	sector	sector	NOUN
ejge-4284	177	153	credit	credit	NOUN
ejge-4284	177	154	growth	growth	NOUN
ejge-4284	177	155	change	change	NOUN
ejge-4284	177	156	in	in	ADP
ejge-4284	177	157	private	private	ADJ
ejge-4284	177	158	sector	sector	NOUN
ejge-4284	177	159	credit	credit	NOUN
ejge-4284	177	160	-	-	PUNCT
ejge-4284	177	161	to	to	ADP
ejge-4284	177	162	-	-	PUNCT
ejge-4284	177	163	gdp	gdp	NOUN
ejge-4284	177	164	ratio	ratio	NOUN
ejge-4284	177	165	in	in	ADP
ejge-4284	177	166	three	three	NUM
ejge-4284	177	167	years	year	NOUN
ejge-4284	177	168	prior	prior	ADV
ejge-4284	177	169	to	to	ADP
ejge-4284	177	170	consolidation	consolidation	NOUN
ejge-4284	177	171	real	real	ADJ
ejge-4284	177	172	equity	equity	NOUN
ejge-4284	177	173	price	price	NOUN
ejge-4284	177	174	growth	growth	NOUN
ejge-4284	177	175	annual	annual	ADJ
ejge-4284	177	176	growth	growth	NOUN
ejge-4284	177	177	in	in	ADP
ejge-4284	177	178	equity	equity	NOUN
ejge-4284	177	179	prices	price	NOUN
ejge-4284	177	180	(	(	PUNCT
ejge-4284	177	181	deflated	deflate	VERB
ejge-4284	177	182	by	by	ADP
ejge-4284	177	183	cpi	cpi	PROPN
ejge-4284	177	184	)	)	PUNCT
ejge-4284	177	185	in	in	ADP
ejge-4284	177	186	three	three	NUM
ejge-4284	177	187	years	year	NOUN
ejge-4284	177	188	prior	prior	ADV
ejge-4284	177	189	to	to	ADP
ejge-4284	177	190	consolidation	consolidation	NOUN
ejge-4284	177	191	financial	financial	ADJ
ejge-4284	177	192	crisis	crisis	NOUN
ejge-4284	177	193	dummy	dummy	NOUN
ejge-4284	177	194	for	for	ADP
ejge-4284	177	195	occurrence	occurrence	NOUN
ejge-4284	177	196	of	of	ADP
ejge-4284	177	197	financial	financial	ADJ
ejge-4284	177	198	crisis	crisis	NOUN
ejge-4284	177	199	in	in	ADP
ejge-4284	177	200	three	three	NUM
ejge-4284	177	201	years	year	NOUN
ejge-4284	177	202	prior	prior	ADV
ejge-4284	177	203	to	to	ADP
ejge-4284	177	204	consolidation	consolidation	NOUN
ejge-4284	177	205	(	(	PUNCT
ejge-4284	177	206	source	source	NOUN
ejge-4284	177	207	reinhart	reinhart	NOUN
ejge-4284	177	208	and	and	CCONJ
ejge-4284	177	209	rogoff	rogoff	NOUN
ejge-4284	177	210	(	(	PUNCT
ejge-4284	177	211	2008	2008	NUM
ejge-4284	177	212	)	)	PUNCT
ejge-4284	177	213	)	)	PUNCT
ejge-4284	177	214	.	.	PUNCT
ejge-4284	178	1	real	real	ADJ
ejge-4284	178	2	effective	effective	ADJ
ejge-4284	178	3	exchange	exchange	NOUN
ejge-4284	178	4	rate	rate	NOUN
ejge-4284	178	5	real	real	ADJ
ejge-4284	178	6	effective	effective	ADJ
ejge-4284	178	7	exchange	exchange	NOUN
ejge-4284	178	8	rate	rate	NOUN
ejge-4284	178	9	deflated	deflate	VERB
ejge-4284	178	10	by	by	ADP
ejge-4284	178	11	cpi	cpi	PROPN
ejge-4284	178	12	inflation	inflation	NOUN
ejge-4284	178	13	annual	annual	ADJ
ejge-4284	178	14	cpi	cpi	PROPN
ejge-4284	178	15	inflation	inflation	NOUN
ejge-4284	178	16	in	in	ADP
ejge-4284	178	17	three	three	NUM
ejge-4284	178	18	years	year	NOUN
ejge-4284	178	19	prior	prior	ADV
ejge-4284	178	20	to	to	ADP
ejge-4284	178	21	consolidation	consolidation	NOUN
ejge-4284	178	22	share	share	NOUN
ejge-4284	178	23	of	of	ADP
ejge-4284	178	24	consolidation	consolidation	NOUN
ejge-4284	178	25	expenditure	expenditure	NOUN
ejge-4284	178	26	expenditure	expenditure	NOUN
ejge-4284	178	27	adjustment	adjustment	NOUN
ejge-4284	178	28	:	:	PUNCT
ejge-4284	178	29	share	share	NOUN
ejge-4284	178	30	of	of	ADP
ejge-4284	178	31	deficit	deficit	NOUN
ejge-4284	178	32	change	change	NOUN
ejge-4284	178	33	during	during	ADP
ejge-4284	178	34	consolidation	consolidation	NOUN
ejge-4284	178	35	episode	episode	NOUN
ejge-4284	178	36	share	share	NOUN
ejge-4284	178	37	of	of	ADP
ejge-4284	178	38	consolidation	consolidation	NOUN
ejge-4284	178	39	revenue	revenue	NOUN
ejge-4284	178	40	revenue	revenue	NOUN
ejge-4284	178	41	adjustment	adjustment	NOUN
ejge-4284	178	42	:	:	PUNCT
ejge-4284	178	43	share	share	NOUN
ejge-4284	178	44	of	of	ADP
ejge-4284	178	45	deficit	deficit	NOUN
ejge-4284	178	46	change	change	NOUN
ejge-4284	178	47	during	during	ADP
ejge-4284	178	48	consolidation	consolidation	NOUN
ejge-4284	178	49	episode	episode	NOUN
ejge-4284	178	50	share	share	NOUN
ejge-4284	178	51	of	of	ADP
ejge-4284	178	52	consolidation	consolidation	NOUN
ejge-4284	178	53	temporary	temporary	ADJ
ejge-4284	178	54	measures	measure	NOUN
ejge-4284	178	55	share	share	NOUN
ejge-4284	178	56	of	of	ADP
ejge-4284	178	57	deficit	deficit	NOUN
ejge-4284	178	58	change	change	NOUN
ejge-4284	178	59	during	during	ADP
ejge-4284	178	60	consolidation	consolidation	NOUN
ejge-4284	178	61	episode	episode	NOUN
ejge-4284	178	62	accounted	account	VERB
ejge-4284	178	63	for	for	ADP
ejge-4284	178	64	by	by	ADP
ejge-4284	178	65	one	one	NUM
ejge-4284	178	66	-	-	PUNCT
ejge-4284	178	67	off	off	ADP
ejge-4284	178	68	measures	measure	NOUN
ejge-4284	178	69	(	(	PUNCT
ejge-4284	178	70	oecd	oecd	PROPN
ejge-4284	178	71	definition	definition	NOUN
ejge-4284	178	72	)	)	PUNCT
ejge-4284	178	73	intensity	intensity	NOUN
ejge-4284	178	74	of	of	ADP
ejge-4284	178	75	consolidation	consolidation	NOUN
ejge-4284	178	76	average	average	ADJ
ejge-4284	178	77	change	change	NOUN
ejge-4284	178	78	in	in	ADP
ejge-4284	178	79	government	government	NOUN
ejge-4284	178	80	deficit	deficit	NOUN
ejge-4284	178	81	during	during	ADP
ejge-4284	178	82	consolidation	consolidation	NOUN
ejge-4284	178	83	episode	episode	NOUN
ejge-4284	178	84	(	(	PUNCT
ejge-4284	178	85	above	above	ADP
ejge-4284	178	86	minimum	minimum	NOUN
ejge-4284	178	87	set	set	VERB
ejge-4284	178	88	by	by	ADP
ejge-4284	178	89	consolidation	consolidation	NOUN
ejge-4284	178	90	definition	definition	NOUN
ejge-4284	178	91	)	)	PUNCT
ejge-4284	178	92	frontloading	frontloade	VERB
ejge-4284	178	93	(	(	PUNCT
ejge-4284	178	94	consolidation	consolidation	NOUN
ejge-4284	178	95	in	in	ADP
ejge-4284	178	96	first	first	ADJ
ejge-4284	178	97	two	two	NUM
ejge-4284	178	98	years	year	NOUN
ejge-4284	178	99	)	)	PUNCT
ejge-4284	178	100	deficit	deficit	NOUN
ejge-4284	178	101	change	change	NOUN
ejge-4284	178	102	in	in	ADP
ejge-4284	178	103	first	first	ADJ
ejge-4284	178	104	two	two	NUM
ejge-4284	178	105	years	year	NOUN
ejge-4284	178	106	of	of	ADP
ejge-4284	178	107	consolidation	consolidation	NOUN
ejge-4284	178	108	change	change	NOUN
ejge-4284	178	109	in	in	ADP
ejge-4284	178	110	government	government	NOUN
ejge-4284	178	111	debt	debt	NOUN
ejge-4284	178	112	over	over	ADP
ejge-4284	178	113	consolidation	consolidation	NOUN
ejge-4284	178	114	percentage	percentage	NOUN
ejge-4284	178	115	point	point	NOUN
ejge-4284	178	116	change	change	NOUN
ejge-4284	178	117	in	in	ADP
ejge-4284	178	118	debt	debt	NOUN
ejge-4284	178	119	-	-	PUNCT
ejge-4284	178	120	to	to	ADP
ejge-4284	178	121	-	-	PUNCT
ejge-4284	178	122	gdp	gdp	NOUN
ejge-4284	178	123	ratio	ratio	NOUN
ejge-4284	178	124	during	during	ADP
ejge-4284	178	125	consolidation	consolidation	NOUN
ejge-4284	178	126	track	track	NOUN
ejge-4284	178	127	record	record	NOUN
ejge-4284	178	128	of	of	ADP
ejge-4284	178	129	consolidation	consolidation	NOUN
ejge-4284	178	130	number	number	NOUN
ejge-4284	178	131	of	of	ADP
ejge-4284	178	132	years	year	NOUN
ejge-4284	178	133	of	of	ADP
ejge-4284	178	134	consolidation	consolidation	NOUN
ejge-4284	178	135	in	in	ADP
ejge-4284	178	136	five	five	NUM
ejge-4284	178	137	years	year	NOUN
ejge-4284	178	138	prior	prior	ADV
ejge-4284	178	139	to	to	ADP
ejge-4284	178	140	consolidation	consolidation	NOUN
ejge-4284	178	141	episode	episode	NOUN
ejge-4284	178	142	fiscal	fiscal	ADJ
ejge-4284	178	143	rules	rule	NOUN
ejge-4284	178	144	fiscal	fiscal	ADJ
ejge-4284	178	145	rules	rule	NOUN
ejge-4284	178	146	strength	strength	NOUN
ejge-4284	178	147	index	index	NOUN
ejge-4284	178	148	(	(	PUNCT
ejge-4284	178	149	source	source	NOUN
ejge-4284	178	150	:	:	PUNCT
ejge-4284	178	151	european	european	PROPN
ejge-4284	178	152	commission	commission	PROPN
ejge-4284	178	153	)	)	PUNCT
ejge-4284	178	154	source	source	NOUN
ejge-4284	178	155	:	:	PUNCT
ejge-4284	178	156	oecd	oecd	PROPN
ejge-4284	178	157	databases	database	NOUN
ejge-4284	178	158	(	(	PUNCT
ejge-4284	178	159	unless	unless	SCONJ
ejge-4284	178	160	otherwise	otherwise	ADV
ejge-4284	178	161	stated	state	VERB
ejge-4284	178	162	)	)	PUNCT
ejge-4284	178	163	.	.	PUNCT
ejge-4284	179	1	table	table	NOUN
ejge-4284	179	2	4	4	NUM
ejge-4284	179	3	investigates	investigate	VERB
ejge-4284	179	4	the	the	DET
ejge-4284	179	5	role	role	NOUN
ejge-4284	179	6	of	of	ADP
ejge-4284	179	7	initial	initial	ADJ
ejge-4284	179	8	fiscal	fiscal	ADJ
ejge-4284	179	9	and	and	CCONJ
ejge-4284	179	10	financial	financial	ADJ
ejge-4284	179	11	conditions	condition	NOUN
ejge-4284	179	12	.	.	PUNCT
ejge-4284	180	1	we	we	PRON
ejge-4284	180	2	start	start	VERB
ejge-4284	180	3	by	by	ADP
ejge-4284	180	4	estimating	estimate	VERB
ejge-4284	180	5	the	the	DET
ejge-4284	180	6	model	model	NOUN
ejge-4284	180	7	without	without	ADP
ejge-4284	180	8	any	any	DET
ejge-4284	180	9	covariates	covariate	NOUN
ejge-4284	180	10	(	(	PUNCT
ejge-4284	180	11	column	column	NOUN
ejge-4284	180	12	1	1	NUM
ejge-4284	180	13	)	)	PUNCT
ejge-4284	180	14	and	and	CCONJ
ejge-4284	180	15	the	the	DET
ejge-4284	180	16	results	result	NOUN
ejge-4284	180	17	suggest	suggest	VERB
ejge-4284	180	18	positive	positive	ADJ
ejge-4284	180	19	duration	duration	NOUN
ejge-4284	180	20	dependence	dependence	NOUN
ejge-4284	180	21	:	:	PUNCT
ejge-4284	180	22	the	the	DET
ejge-4284	180	23	estimates	estimate	NOUN
ejge-4284	180	24	of	of	ADP
ejge-4284	180	25	alpha	alpha	NOUN
ejge-4284	180	26	are	be	AUX
ejge-4284	180	27	greater	great	ADJ
ejge-4284	180	28	than	than	ADP
ejge-4284	180	29	one	one	NUM
ejge-4284	180	30	.	.	PUNCT
ejge-4284	181	1	indeed	indeed	ADV
ejge-4284	181	2	,	,	PUNCT
ejge-4284	181	3	throughout	throughout	ADP
ejge-4284	181	4	the	the	DET
ejge-4284	181	5	various	various	ADJ
ejge-4284	181	6	specifications	specification	NOUN
ejge-4284	181	7	that	that	PRON
ejge-4284	181	8	remains	remain	VERB
ejge-4284	181	9	the	the	DET
ejge-4284	181	10	case	case	NOUN
ejge-4284	181	11	.	.	PUNCT
ejge-4284	182	1	that	that	PRON
ejge-4284	182	2	means	mean	VERB
ejge-4284	182	3	that	that	SCONJ
ejge-4284	182	4	in	in	ADP
ejge-4284	182	5	general	general	ADJ
ejge-4284	182	6	,	,	PUNCT
ejge-4284	182	7	in	in	ADP
ejge-4284	182	8	our	our	PRON
ejge-4284	182	9	sample	sample	NOUN
ejge-4284	182	10	,	,	PUNCT
ejge-4284	182	11	consolidations	consolidation	NOUN
ejge-4284	182	12	are	be	AUX
ejge-4284	182	13	more	more	ADV
ejge-4284	182	14	likely	likely	ADJ
ejge-4284	182	15	to	to	PART
ejge-4284	182	16	end	end	VERB
ejge-4284	182	17	as	as	SCONJ
ejge-4284	182	18	they	they	PRON
ejge-4284	182	19	become	become	VERB
ejge-4284	182	20	older	old	ADJ
ejge-4284	182	21	.	.	PUNCT
ejge-4284	183	1	the	the	DET
ejge-4284	183	2	next	next	ADJ
ejge-4284	183	3	set	set	NOUN
ejge-4284	183	4	of	of	ADP
ejge-4284	183	5	variables	variable	NOUN
ejge-4284	183	6	analyse	analyse	VERB
ejge-4284	183	7	the	the	DET
ejge-4284	183	8	initial	initial	ADJ
ejge-4284	183	9	conditions	condition	NOUN
ejge-4284	183	10	before	before	SCONJ
ejge-4284	183	11	fiscal	fiscal	ADJ
ejge-4284	183	12	consolidations	consolidation	NOUN
ejge-4284	183	13	got	get	VERB
ejge-4284	183	14	underway	underway	ADJ
ejge-4284	183	15	.	.	PUNCT
ejge-4284	184	1	as	as	ADV
ejge-4284	184	2	far	far	ADV
ejge-4284	184	3	as	as	ADP
ejge-4284	184	4	possible	possible	ADJ
ejge-4284	184	5	,	,	PUNCT
ejge-4284	184	6	we	we	PRON
ejge-4284	184	7	would	would	AUX
ejge-4284	184	8	like	like	VERB
ejge-4284	184	9	to	to	PART
ejge-4284	184	10	isolate	isolate	VERB
ejge-4284	184	11	factors	factor	NOUN
ejge-4284	184	12	driving	drive	VERB
ejge-4284	184	13	the	the	DET
ejge-4284	184	14	duration	duration	NOUN
ejge-4284	184	15	of	of	ADP
ejge-4284	184	16	consolidations	consolidation	NOUN
ejge-4284	184	17	.	.	PUNCT
ejge-4284	185	1	we	we	PRON
ejge-4284	185	2	therefore	therefore	ADV
ejge-4284	185	3	focus	focus	VERB
ejge-4284	185	4	the	the	DET
ejge-4284	185	5	analysis	analysis	NOUN
ejge-4284	185	6	on	on	ADP
ejge-4284	185	7	variables	variable	NOUN
ejge-4284	185	8	in	in	ADP
ejge-4284	185	9	the	the	DET
ejge-4284	185	10	year	year	NOUN
ejge-4284	185	11	before	before	SCONJ
ejge-4284	185	12	the	the	DET
ejge-4284	185	13	consolidation	consolidation	NOUN
ejge-4284	185	14	began	begin	VERB
ejge-4284	185	15	,	,	PUNCT
ejge-4284	185	16	rather	rather	ADV
ejge-4284	185	17	than	than	ADP
ejge-4284	185	18	the	the	DET
ejge-4284	185	19	first	first	ADJ
ejge-4284	185	20	year	year	NOUN
ejge-4284	185	21	of	of	ADP
ejge-4284	185	22	consolidation	consolidation	NOUN
ejge-4284	185	23	when	when	SCONJ
ejge-4284	185	24	the	the	DET
ejge-4284	185	25	impact	impact	NOUN
ejge-4284	185	26	of	of	ADP
ejge-4284	185	27	changes	change	NOUN
ejge-4284	185	28	to	to	ADP
ejge-4284	185	29	the	the	DET
ejge-4284	185	30	fiscal	fiscal	ADJ
ejge-4284	185	31	deficit	deficit	NOUN
ejge-4284	185	32	will	will	AUX
ejge-4284	185	33	already	already	ADV
ejge-4284	185	34	be	be	AUX
ejge-4284	185	35	apparent	apparent	ADJ
ejge-4284	185	36	.	.	PUNCT
ejge-4284	186	1	this	this	PRON
ejge-4284	186	2	should	should	AUX
ejge-4284	186	3	help	help	VERB
ejge-4284	186	4	ensure	ensure	VERB
ejge-4284	186	5	that	that	SCONJ
ejge-4284	186	6	the	the	DET
ejge-4284	186	7	variables	variable	NOUN
ejge-4284	186	8	are	be	AUX
ejge-4284	186	9	exogenous	exogenous	ADJ
ejge-4284	186	10	–	–	PUNCT
ejge-4284	186	11	drivers	driver	NOUN
ejge-4284	186	12	of	of	ADP
ejge-4284	186	13	the	the	DET
ejge-4284	186	14	consolidation	consolidation	NOUN
ejge-4284	186	15	length	length	NOUN
ejge-4284	186	16	rather	rather	ADV
ejge-4284	186	17	than	than	ADP
ejge-4284	186	18	reflections	reflection	NOUN
ejge-4284	186	19	of	of	ADP
ejge-4284	186	20	ongoing	ongoing	ADJ
ejge-4284	186	21	consolidation	consolidation	NOUN
ejge-4284	186	22	–	–	PUNCT
ejge-4284	186	23	although	although	SCONJ
ejge-4284	186	24	we	we	PRON
ejge-4284	186	25	can	can	AUX
ejge-4284	186	26	not	not	PART
ejge-4284	186	27	control	control	VERB
ejge-4284	186	28	for	for	ADP
ejge-4284	186	29	possible	possible	ADJ
ejge-4284	186	30	expectation	expectation	NOUN
ejge-4284	186	31	effects	effect	NOUN
ejge-4284	186	32	that	that	PRON
ejge-4284	186	33	might	might	AUX
ejge-4284	186	34	have	have	AUX
ejge-4284	186	35	arisen	arise	VERB
ejge-4284	186	36	from	from	ADP
ejge-4284	186	37	the	the	DET
ejge-4284	186	38	anticipation	anticipation	NOUN
ejge-4284	186	39	of	of	ADP
ejge-4284	186	40	planned	plan	VERB
ejge-4284	186	41	consolidation	consolidation	NOUN
ejge-4284	186	42	efforts	effort	NOUN
ejge-4284	186	43	.	.	PUNCT
ejge-4284	187	1	we	we	PRON
ejge-4284	187	2	find	find	VERB
ejge-4284	187	3	a	a	DET
ejge-4284	187	4	strong	strong	ADJ
ejge-4284	187	5	role	role	NOUN
ejge-4284	187	6	for	for	SCONJ
ejge-4284	187	7	the	the	DET
ejge-4284	187	8	government	government	NOUN
ejge-4284	187	9	’s	’s	ADV
ejge-4284	187	10	starting	start	VERB
ejge-4284	187	11	position	position	NOUN
ejge-4284	187	12	:	:	PUNCT
ejge-4284	187	13	a	a	DET
ejge-4284	187	14	larger	large	ADJ
ejge-4284	187	15	deficit	deficit	NOUN
ejge-4284	187	16	tends	tend	VERB
ejge-4284	187	17	to	to	PART
ejge-4284	187	18	presage	presage	VERB
ejge-4284	187	19	a	a	DET
ejge-4284	187	20	longer	long	ADJ
ejge-4284	187	21	consolidation	consolidation	NOUN
ejge-4284	187	22	(	(	PUNCT
ejge-4284	187	23	column	column	NOUN
ejge-4284	187	24	2	2	NUM
ejge-4284	187	25	)	)	PUNCT
ejge-4284	187	26	.	.	PUNCT
ejge-4284	188	1	high	high	ADJ
ejge-4284	188	2	government	government	NOUN
ejge-4284	188	3	debt	debt	NOUN
ejge-4284	188	4	also	also	ADV
ejge-4284	188	5	matters	matter	VERB
ejge-4284	188	6	but	but	CCONJ
ejge-4284	188	7	european	european	ADJ
ejge-4284	188	8	journal	journal	PROPN
ejge-4284	188	9	of	of	ADP
ejge-4284	188	10	government	government	NOUN
ejge-4284	188	11	and	and	CCONJ
ejge-4284	188	12	economics	economic	NOUN
ejge-4284	188	13	2(1	2(1	NUM
ejge-4284	188	14	)	)	PUNCT
ejge-4284	188	15	16	16	NUM
ejge-4284	188	16	is	be	AUX
ejge-4284	188	17	no	no	ADV
ejge-4284	188	18	longer	long	ADV
ejge-4284	188	19	statistically	statistically	ADV
ejge-4284	188	20	significant	significant	ADJ
ejge-4284	188	21	when	when	SCONJ
ejge-4284	188	22	instead	instead	ADV
ejge-4284	188	23	we	we	PRON
ejge-4284	188	24	also	also	ADV
ejge-4284	188	25	include	include	VERB
ejge-4284	188	26	the	the	DET
ejge-4284	188	27	government	government	NOUN
ejge-4284	188	28	interest	interest	NOUN
ejge-4284	188	29	burden	burden	NOUN
ejge-4284	188	30	(	(	PUNCT
ejge-4284	188	31	column	column	NOUN
ejge-4284	188	32	3	3	NUM
ejge-4284	188	33	)	)	PUNCT
ejge-4284	188	34	.	.	PUNCT
ejge-4284	189	1	interestingly	interestingly	ADV
ejge-4284	189	2	,	,	PUNCT
ejge-4284	189	3	we	we	PRON
ejge-4284	189	4	found	find	VERB
ejge-4284	189	5	no	no	DET
ejge-4284	189	6	role	role	NOUN
ejge-4284	189	7	for	for	ADP
ejge-4284	189	8	non	non	NOUN
ejge-4284	189	9	-	-	NOUN
ejge-4284	189	10	linearities	linearity	NOUN
ejge-4284	189	11	:	:	PUNCT
ejge-4284	189	12	for	for	ADP
ejge-4284	189	13	example	example	NOUN
ejge-4284	189	14	,	,	PUNCT
ejge-4284	189	15	we	we	PRON
ejge-4284	189	16	found	find	VERB
ejge-4284	189	17	no	no	DET
ejge-4284	189	18	statistical	statistical	ADJ
ejge-4284	189	19	evidence	evidence	NOUN
ejge-4284	189	20	that	that	SCONJ
ejge-4284	189	21	government	government	NOUN
ejge-4284	189	22	debt	debt	NOUN
ejge-4284	189	23	above	above	ADP
ejge-4284	189	24	a	a	DET
ejge-4284	189	25	90	90	NUM
ejge-4284	189	26	%	%	NOUN
ejge-4284	189	27	(	(	PUNCT
ejge-4284	189	28	a	a	DET
ejge-4284	189	29	threshold	threshold	NOUN
ejge-4284	189	30	identified	identify	VERB
ejge-4284	189	31	reinhart	reinhart	NOUN
ejge-4284	189	32	and	and	CCONJ
ejge-4284	189	33	rogoff	rogoff	NOUN
ejge-4284	189	34	(	(	PUNCT
ejge-4284	189	35	2012	2012	NUM
ejge-4284	189	36	)	)	PUNCT
ejge-4284	189	37	)	)	PUNCT
ejge-4284	189	38	affected	affect	VERB
ejge-4284	189	39	the	the	DET
ejge-4284	189	40	length	length	NOUN
ejge-4284	189	41	of	of	ADP
ejge-4284	189	42	consolidations	consolidation	NOUN
ejge-4284	189	43	.	.	PUNCT
ejge-4284	190	1	nonetheless	nonetheless	ADV
ejge-4284	190	2	,	,	PUNCT
ejge-4284	190	3	market	market	NOUN
ejge-4284	190	4	pressures	pressure	NOUN
ejge-4284	190	5	would	would	AUX
ejge-4284	190	6	appear	appear	VERB
ejge-4284	190	7	to	to	PART
ejge-4284	190	8	play	play	VERB
ejge-4284	190	9	a	a	DET
ejge-4284	190	10	role	role	NOUN
ejge-4284	190	11	:	:	PUNCT
ejge-4284	190	12	higher	high	ADJ
ejge-4284	190	13	long	long	ADJ
ejge-4284	190	14	-	-	PUNCT
ejge-4284	190	15	term	term	NOUN
ejge-4284	190	16	real	real	ADJ
ejge-4284	190	17	bond	bond	NOUN
ejge-4284	190	18	yields	yield	NOUN
ejge-4284	190	19	also	also	ADV
ejge-4284	190	20	push	push	VERB
ejge-4284	190	21	governments	government	NOUN
ejge-4284	190	22	to	to	PART
ejge-4284	190	23	sustain	sustain	VERB
ejge-4284	190	24	consolidations	consolidation	NOUN
ejge-4284	190	25	for	for	ADP
ejge-4284	190	26	longer	long	ADJ
ejge-4284	190	27	(	(	PUNCT
ejge-4284	190	28	columns	column	NOUN
ejge-4284	190	29	6	6	NUM
ejge-4284	190	30	and	and	CCONJ
ejge-4284	190	31	7	7	NUM
ejge-4284	190	32	)	)	PUNCT
ejge-4284	190	33	.	.	PUNCT
ejge-4284	191	1	table	table	NOUN
ejge-4284	191	2	4	4	NUM
ejge-4284	191	3	:	:	PUNCT
ejge-4284	191	4	determinants	determinant	NOUN
ejge-4284	191	5	of	of	ADP
ejge-4284	191	6	duration	duration	NOUN
ejge-4284	191	7	of	of	ADP
ejge-4284	191	8	consolidations	consolidation	NOUN
ejge-4284	191	9	–	–	PUNCT
ejge-4284	191	10	the	the	DET
ejge-4284	191	11	role	role	NOUN
ejge-4284	191	12	of	of	ADP
ejge-4284	191	13	initial	initial	ADJ
ejge-4284	191	14	conditions	condition	NOUN
ejge-4284	191	15	(	(	PUNCT
ejge-4284	191	16	estimates	estimate	NOUN
ejge-4284	191	17	of	of	ADP
ejge-4284	191	18	hazard	hazard	NOUN
ejge-4284	191	19	function	function	NOUN
ejge-4284	191	20	using	use	VERB
ejge-4284	191	21	weibull	weibull	PROPN
ejge-4284	191	22	model	model	NOUN
ejge-4284	191	23	,	,	PUNCT
ejge-4284	191	24	coefficients	coefficient	NOUN
ejge-4284	191	25	shown	show	VERB
ejge-4284	191	26	as	as	ADP
ejge-4284	191	27	hazard	hazard	NOUN
ejge-4284	191	28	ratios	ratio	NOUN
ejge-4284	191	29	)	)	PUNCT
ejge-4284	191	30	(	(	PUNCT
ejge-4284	191	31	1	1	X
ejge-4284	191	32	)	)	PUNCT
ejge-4284	191	33	(	(	PUNCT
ejge-4284	191	34	2	2	NUM
ejge-4284	191	35	)	)	PUNCT
ejge-4284	191	36	(	(	PUNCT
ejge-4284	191	37	3	3	X
ejge-4284	191	38	)	)	PUNCT
ejge-4284	191	39	(	(	PUNCT
ejge-4284	191	40	4	4	NUM
ejge-4284	191	41	)	)	PUNCT
ejge-4284	191	42	(	(	PUNCT
ejge-4284	191	43	5	5	NUM
ejge-4284	191	44	)	)	PUNCT
ejge-4284	191	45	(	(	PUNCT
ejge-4284	191	46	6	6	NUM
ejge-4284	191	47	)	)	PUNCT
ejge-4284	191	48	(	(	PUNCT
ejge-4284	191	49	7	7	X
ejge-4284	191	50	)	)	PUNCT
ejge-4284	191	51	duration	duration	NOUN
ejge-4284	191	52	of	of	ADP
ejge-4284	191	53	the	the	DET
ejge-4284	191	54	episode	episode	NOUN
ejge-4284	191	55	0.517	0.517	NUM
ejge-4284	191	56	*	*	PUNCT
ejge-4284	191	57	*	*	PUNCT
ejge-4284	191	58	*	*	PUNCT
ejge-4284	192	1	0.676	0.676	NUM
ejge-4284	192	2	*	*	PUNCT
ejge-4284	192	3	*	*	PUNCT
ejge-4284	192	4	*	*	PUNCT
ejge-4284	192	5	0.703	0.703	NUM
ejge-4284	192	6	*	*	PUNCT
ejge-4284	192	7	*	*	PUNCT
ejge-4284	192	8	*	*	PUNCT
ejge-4284	192	9	0.706	0.706	NUM
ejge-4284	192	10	*	*	PUNCT
ejge-4284	192	11	*	*	PUNCT
ejge-4284	192	12	*	*	PUNCT
ejge-4284	192	13	0.706	0.706	NUM
ejge-4284	192	14	*	*	PUNCT
ejge-4284	192	15	*	*	PUNCT
ejge-4284	192	16	*	*	PUNCT
ejge-4284	192	17	0.765	0.765	NUM
ejge-4284	192	18	*	*	PUNCT
ejge-4284	192	19	*	*	PUNCT
ejge-4284	192	20	*	*	PUNCT
ejge-4284	192	21	0.759	0.759	NUM
ejge-4284	192	22	*	*	PUNCT
ejge-4284	192	23	*	*	PUNCT
ejge-4284	192	24	*	*	PUNCT
ejge-4284	192	25	cyclically	cyclically	ADV
ejge-4284	192	26	adjusted	adjust	VERB
ejge-4284	192	27	primary	primary	ADJ
ejge-4284	192	28	balance	balance	NOUN
ejge-4284	192	29	0.104	0.104	NUM
ejge-4284	192	30	*	*	SYM
ejge-4284	192	31	0.116	0.116	NUM
ejge-4284	192	32	*	*	PUNCT
ejge-4284	192	33	0.094	0.094	NUM
ejge-4284	192	34	0.094	0.094	NUM
ejge-4284	192	35	0.108	0.108	NUM
ejge-4284	192	36	*	*	PUNCT
ejge-4284	192	37	*	*	PUNCT
ejge-4284	192	38	0.110	0.110	NUM
ejge-4284	192	39	*	*	VERB
ejge-4284	192	40	government	government	NOUN
ejge-4284	192	41	debt	debt	NOUN
ejge-4284	192	42	-0.021	-0.021	NOUN
ejge-4284	192	43	*	*	PUNCT
ejge-4284	192	44	*	*	PUNCT
ejge-4284	192	45	*	*	PUNCT
ejge-4284	192	46	-0.003	-0.003	NOUN
ejge-4284	192	47	-0.002	-0.002	PUNCT
ejge-4284	192	48	-0.002	-0.002	PUNCT
ejge-4284	192	49	government	government	NOUN
ejge-4284	192	50	interest	interest	NOUN
ejge-4284	192	51	burden	burden	NOUN
ejge-4284	192	52	0.197	0.197	NUM
ejge-4284	192	53	*	*	PUNCT
ejge-4284	192	54	*	*	PUNCT
ejge-4284	192	55	*	*	PUNCT
ejge-4284	192	56	0.200	0.200	NUM
ejge-4284	192	57	*	*	PUNCT
ejge-4284	192	58	*	*	PUNCT
ejge-4284	192	59	0.201	0.201	NUM
ejge-4284	192	60	*	*	PUNCT
ejge-4284	192	61	*	*	PUNCT
ejge-4284	192	62	*	*	PUNCT
ejge-4284	192	63	0.126	0.126	PUNCT
ejge-4284	192	64	*	*	PUNCT
ejge-4284	192	65	*	*	PUNCT
ejge-4284	192	66	*	*	PUNCT
ejge-4284	192	67	0.122	0.122	NUM
ejge-4284	192	68	*	*	PUNCT
ejge-4284	192	69	*	*	PUNCT
ejge-4284	192	70	*	*	PUNCT
ejge-4284	192	71	high	high	ADJ
ejge-4284	192	72	government	government	NOUN
ejge-4284	192	73	debt	debt	NOUN
ejge-4284	192	74	(	(	PUNCT
ejge-4284	192	75	>	>	SYM
ejge-4284	192	76	90	90	NUM
ejge-4284	192	77	%	%	NOUN
ejge-4284	192	78	)	)	PUNCT
ejge-4284	192	79	0.151	0.151	NUM
ejge-4284	192	80	0.150	0.150	NUM
ejge-4284	192	81	government	government	NOUN
ejge-4284	192	82	debt	debt	NOUN
ejge-4284	192	83	(	(	PUNCT
ejge-4284	192	84	60	60	NUM
ejge-4284	192	85	%	%	NOUN
ejge-4284	192	86	to	to	PART
ejge-4284	192	87	90	90	NUM
ejge-4284	192	88	%	%	NOUN
ejge-4284	192	89	)	)	PUNCT
ejge-4284	192	90	-0.004	-0.004	PUNCT
ejge-4284	192	91	real	real	ADJ
ejge-4284	192	92	long	long	ADJ
ejge-4284	192	93	-	-	PUNCT
ejge-4284	192	94	term	term	NOUN
ejge-4284	192	95	interest	interest	NOUN
ejge-4284	192	96	rates	rate	NOUN
ejge-4284	192	97	-0.181	-0.181	PUNCT
ejge-4284	192	98	*	*	PUNCT
ejge-4284	192	99	*	*	PUNCT
ejge-4284	192	100	*	*	PUNCT
ejge-4284	192	101	-0.163	-0.163	PUNCT
ejge-4284	192	102	*	*	PUNCT
ejge-4284	192	103	*	*	PUNCT
ejge-4284	192	104	*	*	PUNCT
ejge-4284	192	105	real	real	ADJ
ejge-4284	192	106	short	short	ADJ
ejge-4284	192	107	-	-	PUNCT
ejge-4284	192	108	term	term	NOUN
ejge-4284	192	109	interest	interest	NOUN
ejge-4284	192	110	rates	rate	NOUN
ejge-4284	192	111	-0.020	-0.020	PUNCT
ejge-4284	192	112	constant	constant	ADJ
ejge-4284	192	113	-2.441	-2.441	NOUN
ejge-4284	192	114	*	*	PUNCT
ejge-4284	192	115	*	*	PUNCT
ejge-4284	192	116	*	*	PUNCT
ejge-4284	192	117	-1.380	-1.380	PUNCT
ejge-4284	192	118	*	*	PUNCT
ejge-4284	192	119	*	*	PUNCT
ejge-4284	192	120	*	*	PUNCT
ejge-4284	192	121	-1.646	-1.646	PUNCT
ejge-4284	192	122	*	*	PUNCT
ejge-4284	192	123	*	*	PUNCT
ejge-4284	192	124	*	*	PUNCT
ejge-4284	192	125	-1.758	-1.758	NOUN
ejge-4284	192	126	*	*	PUNCT
ejge-4284	192	127	*	*	PUNCT
ejge-4284	192	128	*	*	PUNCT
ejge-4284	192	129	-1.757	-1.757	PUNCT
ejge-4284	192	130	*	*	PUNCT
ejge-4284	192	131	*	*	PUNCT
ejge-4284	192	132	*	*	PUNCT
ejge-4284	192	133	-1.729	-1.729	PUNCT
ejge-4284	192	134	*	*	PUNCT
ejge-4284	192	135	*	*	PUNCT
ejge-4284	192	136	*	*	PUNCT
ejge-4284	192	137	-1.726	-1.726	PUNCT
ejge-4284	192	138	*	*	PUNCT
ejge-4284	192	139	*	*	NOUN
ejge-4284	192	140	*	*	NOUN
ejge-4284	192	141	number	number	NOUN
ejge-4284	192	142	observations	observation	NOUN
ejge-4284	192	143	253	253	NUM
ejge-4284	192	144	248	248	NUM
ejge-4284	192	145	248	248	NUM
ejge-4284	192	146	248	248	NUM
ejge-4284	192	147	248	248	NUM
ejge-4284	192	148	242	242	NUM
ejge-4284	192	149	240	240	NUM
ejge-4284	192	150	number	number	NOUN
ejge-4284	192	151	of	of	ADP
ejge-4284	192	152	countries	country	NOUN
ejge-4284	192	153	20	20	NUM
ejge-4284	192	154	20	20	NUM
ejge-4284	192	155	20	20	NUM
ejge-4284	192	156	20	20	NUM
ejge-4284	192	157	20	20	NUM
ejge-4284	192	158	20	20	NUM
ejge-4284	192	159	20	20	NUM
ejge-4284	192	160	number	number	NOUN
ejge-4284	192	161	of	of	ADP
ejge-4284	192	162	consolidations	consolidation	NOUN
ejge-4284	192	163	65	65	NUM
ejge-4284	192	164	63	63	NUM
ejge-4284	192	165	63	63	NUM
ejge-4284	192	166	63	63	NUM
ejge-4284	192	167	63	63	NUM
ejge-4284	192	168	61	61	NUM
ejge-4284	192	169	60	60	NUM
ejge-4284	192	170	adjusted	adjust	VERB
ejge-4284	192	171	-	-	PUNCT
ejge-4284	192	172	r	r	NOUN
ejge-4284	192	173	-	-	PUNCT
ejge-4284	192	174	squared	square	VERB
ejge-4284	192	175	0.149	0.149	NUM
ejge-4284	192	176	0.177	0.177	NUM
ejge-4284	192	177	0.172	0.172	NUM
ejge-4284	192	178	0.163	0.163	NUM
ejge-4284	192	179	0.265	0.265	NUM
ejge-4284	192	180	0.247	0.247	NUM
ejge-4284	192	181	notes	note	NOUN
ejge-4284	192	182	:	:	PUNCT
ejge-4284	192	183	*	*	PUNCT
ejge-4284	192	184	*	*	PUNCT
ejge-4284	192	185	*	*	PUNCT
ejge-4284	192	186	,	,	PUNCT
ejge-4284	192	187	*	*	PUNCT
ejge-4284	192	188	*	*	PUNCT
ejge-4284	192	189	and	and	CCONJ
ejge-4284	192	190	*	*	PUNCT
ejge-4284	192	191	indicate	indicate	VERB
ejge-4284	192	192	significance	significance	NOUN
ejge-4284	192	193	at	at	ADP
ejge-4284	192	194	the	the	DET
ejge-4284	192	195	1	1	NUM
ejge-4284	192	196	%	%	NOUN
ejge-4284	192	197	.	.	PUNCT
ejge-4284	193	1	5	5	NUM
ejge-4284	193	2	%	%	NOUN
ejge-4284	193	3	and	and	CCONJ
ejge-4284	193	4	10	10	NUM
ejge-4284	193	5	%	%	NOUN
ejge-4284	193	6	level	level	NOUN
ejge-4284	193	7	respectively	respectively	ADV
ejge-4284	193	8	.	.	PUNCT
ejge-4284	194	1	each	each	DET
ejge-4284	194	2	variable	variable	NOUN
ejge-4284	194	3	is	be	AUX
ejge-4284	194	4	measured	measure	VERB
ejge-4284	194	5	in	in	ADP
ejge-4284	194	6	the	the	DET
ejge-4284	194	7	year	year	NOUN
ejge-4284	194	8	before	before	SCONJ
ejge-4284	194	9	the	the	DET
ejge-4284	194	10	consolidation	consolidation	NOUN
ejge-4284	194	11	begins	begin	VERB
ejge-4284	194	12	.	.	PUNCT
ejge-4284	195	1	the	the	DET
ejge-4284	195	2	“	"	PUNCT
ejge-4284	195	3	duration	duration	NOUN
ejge-4284	195	4	of	of	ADP
ejge-4284	195	5	the	the	DET
ejge-4284	195	6	episode	episode	NOUN
ejge-4284	195	7	”	"	PUNCT
ejge-4284	195	8	reports	report	VERB
ejge-4284	195	9	the	the	DET
ejge-4284	195	10	value	value	NOUN
ejge-4284	195	11	of	of	ADP
ejge-4284	195	12	the	the	DET
ejge-4284	195	13	weibull	weibull	PROPN
ejge-4284	195	14	parameter	parameter	NOUN
ejge-4284	195	15	that	that	PRON
ejge-4284	195	16	governs	govern	VERB
ejge-4284	195	17	the	the	DET
ejge-4284	195	18	shape	shape	NOUN
ejge-4284	195	19	of	of	ADP
ejge-4284	195	20	the	the	DET
ejge-4284	195	21	hazard	hazard	NOUN
ejge-4284	195	22	function	function	NOUN
ejge-4284	195	23	.	.	PUNCT
ejge-4284	196	1	the	the	DET
ejge-4284	196	2	coefficients	coefficient	NOUN
ejge-4284	196	3	are	be	AUX
ejge-4284	196	4	reported	report	VERB
ejge-4284	196	5	as	as	ADP
ejge-4284	196	6	hazard	hazard	NOUN
ejge-4284	196	7	ratios	ratio	NOUN
ejge-4284	196	8	–	–	PUNCT
ejge-4284	196	9	a	a	DET
ejge-4284	196	10	coefficient	coefficient	NOUN
ejge-4284	196	11	greater	great	ADJ
ejge-4284	196	12	than	than	ADP
ejge-4284	196	13	zero	zero	NUM
ejge-4284	196	14	indicates	indicate	VERB
ejge-4284	196	15	that	that	SCONJ
ejge-4284	196	16	an	an	DET
ejge-4284	196	17	increase	increase	NOUN
ejge-4284	196	18	in	in	ADP
ejge-4284	196	19	the	the	DET
ejge-4284	196	20	explanatory	explanatory	ADJ
ejge-4284	196	21	variable	variable	NOUN
ejge-4284	196	22	increases	increase	VERB
ejge-4284	196	23	the	the	DET
ejge-4284	196	24	hazard	hazard	NOUN
ejge-4284	196	25	rate	rate	NOUN
ejge-4284	196	26	(	(	PUNCT
ejge-4284	196	27	the	the	DET
ejge-4284	196	28	conditional	conditional	ADJ
ejge-4284	196	29	probability	probability	NOUN
ejge-4284	196	30	of	of	ADP
ejge-4284	196	31	a	a	DET
ejge-4284	196	32	consolidation	consolidation	NOUN
ejge-4284	196	33	coming	come	VERB
ejge-4284	196	34	to	to	ADP
ejge-4284	196	35	an	an	DET
ejge-4284	196	36	end	end	NOUN
ejge-4284	196	37	)	)	PUNCT
ejge-4284	196	38	.	.	PUNCT
ejge-4284	197	1	we	we	PRON
ejge-4284	197	2	also	also	ADV
ejge-4284	197	3	report	report	VERB
ejge-4284	197	4	a	a	DET
ejge-4284	197	5	measure	measure	NOUN
ejge-4284	197	6	of	of	ADP
ejge-4284	197	7	explained	explain	VERB
ejge-4284	197	8	variation	variation	NOUN
ejge-4284	197	9	,	,	PUNCT
ejge-4284	197	10	an	an	DET
ejge-4284	197	11	adjusted	adjusted	ADJ
ejge-4284	197	12	r	r	NOUN
ejge-4284	197	13	-	-	PUNCT
ejge-4284	197	14	squared	square	VERB
ejge-4284	197	15	employed	employ	VERB
ejge-4284	197	16	for	for	ADP
ejge-4284	197	17	survival	survival	NOUN
ejge-4284	197	18	models	model	NOUN
ejge-4284	197	19	(	(	PUNCT
ejge-4284	197	20	royston	royston	PROPN
ejge-4284	197	21	(	(	PUNCT
ejge-4284	197	22	2006	2006	NUM
ejge-4284	197	23	)	)	PUNCT
ejge-4284	197	24	)	)	PUNCT
ejge-4284	197	25	.	.	PUNCT
ejge-4284	198	1	in	in	ADP
ejge-4284	198	2	table	table	NOUN
ejge-4284	198	3	5	5	NUM
ejge-4284	198	4	we	we	PRON
ejge-4284	198	5	turn	turn	VERB
ejge-4284	198	6	to	to	ADP
ejge-4284	198	7	investigating	investigate	VERB
ejge-4284	198	8	the	the	DET
ejge-4284	198	9	role	role	NOUN
ejge-4284	198	10	of	of	ADP
ejge-4284	198	11	initial	initial	ADJ
ejge-4284	198	12	macroeconomic	macroeconomic	ADJ
ejge-4284	198	13	conditions	condition	NOUN
ejge-4284	198	14	.	.	PUNCT
ejge-4284	199	1	we	we	PRON
ejge-4284	199	2	retain	retain	VERB
ejge-4284	199	3	the	the	DET
ejge-4284	199	4	significant	significant	ADJ
ejge-4284	199	5	‘	'	PUNCT
ejge-4284	199	6	push	push	VERB
ejge-4284	199	7	’	'	PUNCT
ejge-4284	199	8	factors	factor	NOUN
ejge-4284	199	9	from	from	ADP
ejge-4284	199	10	table	table	NOUN
ejge-4284	199	11	1	1	NUM
ejge-4284	199	12	–	–	PUNCT
ejge-4284	199	13	the	the	DET
ejge-4284	199	14	capb	capb	NOUN
ejge-4284	199	15	,	,	PUNCT
ejge-4284	199	16	government	government	NOUN
ejge-4284	199	17	interest	interest	NOUN
ejge-4284	199	18	burden	burden	NOUN
ejge-4284	199	19	and	and	CCONJ
ejge-4284	199	20	long	long	ADJ
ejge-4284	199	21	-	-	PUNCT
ejge-4284	199	22	term	term	NOUN
ejge-4284	199	23	bond	bond	NOUN
ejge-4284	199	24	yields	yield	NOUN
ejge-4284	199	25	–	–	PUNCT
ejge-4284	199	26	and	and	CCONJ
ejge-4284	199	27	add	add	VERB
ejge-4284	199	28	other	other	ADJ
ejge-4284	199	29	macro	macro	ADJ
ejge-4284	199	30	variables	variable	NOUN
ejge-4284	199	31	.	.	PUNCT
ejge-4284	200	1	we	we	PRON
ejge-4284	200	2	find	find	VERB
ejge-4284	200	3	that	that	SCONJ
ejge-4284	200	4	a	a	DET
ejge-4284	200	5	larger	large	ADJ
ejge-4284	200	6	initial	initial	ADJ
ejge-4284	200	7	current	current	ADJ
ejge-4284	200	8	account	account	NOUN
ejge-4284	200	9	surplus	surplus	NOUN
ejge-4284	200	10	or	or	CCONJ
ejge-4284	200	11	higher	high	ADJ
ejge-4284	200	12	private	private	ADJ
ejge-4284	200	13	sector	sector	NOUN
ejge-4284	200	14	surplus	surplus	NOUN
ejge-4284	200	15	tends	tend	VERB
ejge-4284	200	16	to	to	PART
ejge-4284	200	17	help	help	VERB
ejge-4284	200	18	sustain	sustain	VERB
ejge-4284	200	19	consolidations	consolidation	NOUN
ejge-4284	200	20	(	(	PUNCT
ejge-4284	200	21	columns	column	NOUN
ejge-4284	200	22	2	2	NUM
ejge-4284	200	23	and	and	CCONJ
ejge-4284	200	24	3	3	NUM
ejge-4284	200	25	)	)	PUNCT
ejge-4284	200	26	,	,	PUNCT
ejge-4284	200	27	even	even	ADV
ejge-4284	200	28	once	once	SCONJ
ejge-4284	200	29	we	we	PRON
ejge-4284	200	30	have	have	AUX
ejge-4284	200	31	accounted	account	VERB
ejge-4284	200	32	for	for	ADP
ejge-4284	200	33	the	the	DET
ejge-4284	200	34	role	role	NOUN
ejge-4284	200	35	of	of	ADP
ejge-4284	200	36	the	the	DET
ejge-4284	200	37	government	government	NOUN
ejge-4284	200	38	deficit	deficit	NOUN
ejge-4284	200	39	.	.	PUNCT
ejge-4284	201	1	higher	high	ADJ
ejge-4284	201	2	private	private	ADJ
ejge-4284	201	3	sector	sector	NOUN
ejge-4284	201	4	saving	saving	NOUN
ejge-4284	201	5	(	(	PUNCT
ejge-4284	201	6	as	as	ADP
ejge-4284	201	7	a	a	DET
ejge-4284	201	8	percent	percent	NOUN
ejge-4284	201	9	of	of	ADP
ejge-4284	201	10	gdp	gdp	NOUN
ejge-4284	201	11	)	)	PUNCT
ejge-4284	201	12	also	also	ADV
ejge-4284	201	13	appears	appear	VERB
ejge-4284	201	14	to	to	PART
ejge-4284	201	15	reduce	reduce	VERB
ejge-4284	201	16	the	the	DET
ejge-4284	201	17	probability	probability	NOUN
ejge-4284	201	18	of	of	ADP
ejge-4284	201	19	consolidations	consolidation	NOUN
ejge-4284	201	20	ending	end	VERB
ejge-4284	201	21	(	(	PUNCT
ejge-4284	201	22	column	column	NOUN
ejge-4284	201	23	4	4	NUM
ejge-4284	201	24	)	)	PUNCT
ejge-4284	201	25	.	.	PUNCT
ejge-4284	202	1	there	there	PRON
ejge-4284	202	2	is	be	VERB
ejge-4284	202	3	more	more	ADV
ejge-4284	202	4	mixed	mixed	ADJ
ejge-4284	202	5	evidence	evidence	NOUN
ejge-4284	202	6	on	on	ADP
ejge-4284	202	7	the	the	DET
ejge-4284	202	8	role	role	NOUN
ejge-4284	202	9	of	of	ADP
ejge-4284	202	10	financial	financial	ADJ
ejge-4284	202	11	conditions	condition	NOUN
ejge-4284	202	12	.	.	PUNCT
ejge-4284	203	1	a	a	DET
ejge-4284	203	2	high	high	ADJ
ejge-4284	203	3	stock	stock	NOUN
ejge-4284	203	4	of	of	ADP
ejge-4284	203	5	private	private	ADJ
ejge-4284	203	6	sector	sector	NOUN
ejge-4284	203	7	debt	debt	NOUN
ejge-4284	203	8	is	be	AUX
ejge-4284	203	9	not	not	PART
ejge-4284	203	10	a	a	DET
ejge-4284	203	11	significant	significant	ADJ
ejge-4284	203	12	explanatory	explanatory	ADJ
ejge-4284	203	13	factor	factor	NOUN
ejge-4284	203	14	but	but	CCONJ
ejge-4284	203	15	strong	strong	ADJ
ejge-4284	203	16	credit	credit	NOUN
ejge-4284	203	17	growth	growth	NOUN
ejge-4284	203	18	in	in	ADP
ejge-4284	203	19	the	the	DET
ejge-4284	203	20	period	period	NOUN
ejge-4284	203	21	before	before	SCONJ
ejge-4284	203	22	the	the	DET
ejge-4284	203	23	consolidation	consolidation	NOUN
ejge-4284	203	24	does	do	AUX
ejge-4284	203	25	appear	appear	VERB
ejge-4284	203	26	to	to	PART
ejge-4284	203	27	affect	affect	VERB
ejge-4284	203	28	the	the	DET
ejge-4284	203	29	likelihood	likelihood	NOUN
ejge-4284	203	30	of	of	ADP
ejge-4284	203	31	a	a	DET
ejge-4284	203	32	sustained	sustained	ADJ
ejge-4284	203	33	consolidation	consolidation	NOUN
ejge-4284	203	34	(	(	PUNCT
ejge-4284	203	35	columns	column	NOUN
ejge-4284	203	36	5	5	NUM
ejge-4284	203	37	and	and	CCONJ
ejge-4284	203	38	6	6	NUM
ejge-4284	203	39	)	)	PUNCT
ejge-4284	203	40	.	.	PUNCT
ejge-4284	204	1	perhaps	perhaps	ADV
ejge-4284	204	2	because	because	SCONJ
ejge-4284	204	3	strong	strong	ADJ
ejge-4284	204	4	credit	credit	NOUN
ejge-4284	204	5	growth	growth	NOUN
ejge-4284	204	6	may	may	AUX
ejge-4284	204	7	subsequently	subsequently	ADV
ejge-4284	204	8	require	require	VERB
ejge-4284	204	9	retrenchment	retrenchment	NOUN
ejge-4284	204	10	from	from	ADP
ejge-4284	204	11	the	the	DET
ejge-4284	204	12	private	private	ADJ
ejge-4284	204	13	non	non	ADJ
ejge-4284	204	14	-	-	ADJ
ejge-4284	204	15	financial	financial	ADJ
ejge-4284	204	16	and	and	CCONJ
ejge-4284	204	17	financial	financial	ADJ
ejge-4284	204	18	sectors	sector	NOUN
ejge-4284	204	19	,	,	PUNCT
ejge-4284	204	20	we	we	PRON
ejge-4284	204	21	find	find	VERB
ejge-4284	204	22	that	that	SCONJ
ejge-4284	204	23	higher	high	ADJ
ejge-4284	204	24	private	private	ADJ
ejge-4284	204	25	sector	sector	NOUN
ejge-4284	204	26	credit	credit	NOUN
ejge-4284	204	27	growth	growth	NOUN
ejge-4284	204	28	in	in	ADP
ejge-4284	204	29	the	the	DET
ejge-4284	204	30	years	year	NOUN
ejge-4284	204	31	prior	prior	ADV
ejge-4284	204	32	to	to	ADP
ejge-4284	204	33	the	the	DET
ejge-4284	204	34	consolidation	consolidation	NOUN
ejge-4284	204	35	tends	tend	VERB
ejge-4284	204	36	to	to	PART
ejge-4284	204	37	reduce	reduce	VERB
ejge-4284	204	38	the	the	DET
ejge-4284	204	39	duration	duration	NOUN
ejge-4284	204	40	of	of	ADP
ejge-4284	204	41	the	the	DET
ejge-4284	204	42	consolidation	consolidation	NOUN
ejge-4284	204	43	.	.	PUNCT
ejge-4284	205	1	a	a	DET
ejge-4284	205	2	similar	similar	ADJ
ejge-4284	205	3	role	role	NOUN
ejge-4284	205	4	for	for	ADP
ejge-4284	205	5	boom	boom	NOUN
ejge-4284	205	6	-	-	PUNCT
ejge-4284	205	7	bust	bust	NOUN
ejge-4284	205	8	dynamics	dynamic	NOUN
ejge-4284	205	9	may	may	AUX
ejge-4284	205	10	explain	explain	VERB
ejge-4284	205	11	why	why	SCONJ
ejge-4284	205	12	strong	strong	ADJ
ejge-4284	205	13	growth	growth	NOUN
ejge-4284	205	14	in	in	ADP
ejge-4284	205	15	equity	equity	NOUN
ejge-4284	205	16	prices	price	NOUN
ejge-4284	205	17	in	in	ADP
ejge-4284	205	18	the	the	DET
ejge-4284	205	19	years	year	NOUN
ejge-4284	205	20	before	before	SCONJ
ejge-4284	205	21	a	a	DET
ejge-4284	205	22	consolidation	consolidation	NOUN
ejge-4284	205	23	episode	episode	NOUN
ejge-4284	205	24	also	also	ADV
ejge-4284	205	25	tends	tend	VERB
ejge-4284	205	26	to	to	PART
ejge-4284	205	27	reduce	reduce	VERB
ejge-4284	205	28	the	the	DET
ejge-4284	205	29	duration	duration	NOUN
ejge-4284	205	30	(	(	PUNCT
ejge-4284	205	31	column	column	NOUN
ejge-4284	205	32	7	7	NUM
ejge-4284	205	33	)	)	PUNCT
ejge-4284	205	34	.	.	PUNCT
ejge-4284	206	1	that	that	DET
ejge-4284	206	2	finding	finding	NOUN
ejge-4284	206	3	might	might	AUX
ejge-4284	206	4	reflect	reflect	VERB
ejge-4284	206	5	the	the	DET
ejge-4284	206	6	suggestion	suggestion	NOUN
ejge-4284	206	7	from	from	ADP
ejge-4284	206	8	mian	mian	PROPN
ejge-4284	206	9	,	,	PUNCT
ejge-4284	206	10	sufi	sufi	NOUN
ejge-4284	206	11	and	and	CCONJ
ejge-4284	206	12	trebbi	trebbi	NOUN
ejge-4284	206	13	(	(	PUNCT
ejge-4284	206	14	2012	2012	NUM
ejge-4284	206	15	)	)	PUNCT
ejge-4284	206	16	that	that	SCONJ
ejge-4284	206	17	in	in	ADP
ejge-4284	206	18	a	a	DET
ejge-4284	206	19	post	post	ADJ
ejge-4284	206	20	-	-	ADJ
ejge-4284	206	21	boom	boom	ADJ
ejge-4284	206	22	phase	phase	NOUN
ejge-4284	206	23	countries	country	NOUN
ejge-4284	206	24	become	become	VERB
ejge-4284	206	25	highly	highly	ADV
ejge-4284	206	26	politically	politically	ADV
ejge-4284	206	27	polarized	polarize	VERB
ejge-4284	206	28	following	follow	VERB
ejge-4284	206	29	financial	financial	ADJ
ejge-4284	206	30	crises	crisis	NOUN
ejge-4284	206	31	,	,	PUNCT
ejge-4284	206	32	and	and	CCONJ
ejge-4284	206	33	as	as	ADP
ejge-4284	206	34	a	a	DET
ejge-4284	206	35	result	result	NOUN
ejge-4284	206	36	,	,	PUNCT
ejge-4284	206	37	sustained	sustained	ADJ
ejge-4284	206	38	consolidation	consolidation	NOUN
ejge-4284	206	39	efforts	effort	NOUN
ejge-4284	206	40	are	be	AUX
ejge-4284	206	41	more	more	ADV
ejge-4284	206	42	difficult	difficult	ADJ
ejge-4284	206	43	.	.	PUNCT
ejge-4284	207	1	we	we	PRON
ejge-4284	207	2	do	do	AUX
ejge-4284	207	3	not	not	PART
ejge-4284	207	4	find	find	VERB
ejge-4284	207	5	the	the	DET
ejge-4284	207	6	dummy	dummy	NOUN
ejge-4284	207	7	for	for	ADP
ejge-4284	207	8	financial	financial	ADJ
ejge-4284	207	9	crises	crisis	NOUN
ejge-4284	207	10	to	to	PART
ejge-4284	207	11	be	be	AUX
ejge-4284	207	12	significant	significant	ADJ
ejge-4284	207	13	(	(	PUNCT
ejge-4284	207	14	column	column	NOUN
ejge-4284	207	15	8)	8)	NUM
ejge-4284	207	16	,	,	PUNCT
ejge-4284	207	17	which	which	PRON
ejge-4284	207	18	might	might	AUX
ejge-4284	207	19	be	be	AUX
ejge-4284	207	20	explained	explain	VERB
ejge-4284	207	21	by	by	ADP
ejge-4284	207	22	two	two	NUM
ejge-4284	207	23	factors	factor	NOUN
ejge-4284	207	24	.	.	PUNCT
ejge-4284	208	1	first	first	ADV
ejge-4284	208	2	,	,	PUNCT
ejge-4284	208	3	the	the	DET
ejge-4284	208	4	impact	impact	NOUN
ejge-4284	208	5	of	of	ADP
ejge-4284	208	6	the	the	DET
ejge-4284	208	7	financial	financial	ADJ
ejge-4284	208	8	crisis	crisis	NOUN
ejge-4284	208	9	on	on	ADP
ejge-4284	208	10	the	the	DET
ejge-4284	208	11	duration	duration	NOUN
ejge-4284	208	12	of	of	ADP
ejge-4284	208	13	subsequent	subsequent	ADJ
ejge-4284	208	14	consolidation	consolidation	NOUN
ejge-4284	208	15	efforts	effort	NOUN
ejge-4284	208	16	may	may	AUX
ejge-4284	208	17	simply	simply	ADV
ejge-4284	208	18	be	be	AUX
ejge-4284	208	19	seen	see	VERB
ejge-4284	208	20	most	most	ADV
ejge-4284	208	21	through	through	ADP
ejge-4284	208	22	the	the	DET
ejge-4284	208	23	deleterious	deleterious	ADJ
ejge-4284	208	24	effect	effect	NOUN
ejge-4284	208	25	on	on	ADP
ejge-4284	208	26	the	the	DET
ejge-4284	208	27	fiscal	fiscal	ADJ
ejge-4284	208	28	position	position	NOUN
ejge-4284	208	29	which	which	PRON
ejge-4284	208	30	then	then	ADV
ejge-4284	208	31	push	push	VERB
ejge-4284	208	32	governments	government	NOUN
ejge-4284	208	33	towards	towards	ADP
ejge-4284	208	34	consolidation	consolidation	NOUN
ejge-4284	208	35	.	.	PUNCT
ejge-4284	209	1	lodge	lodge	PROPN
ejge-4284	209	2	and	and	CCONJ
ejge-4284	209	3	rodríguez	rodríguez	PROPN
ejge-4284	209	4	-	-	PUNCT
ejge-4284	209	5	vives	vive	NOUN
ejge-4284	209	6	●	●	PUNCT
ejge-4284	209	7	how	how	SCONJ
ejge-4284	209	8	long	long	ADV
ejge-4284	209	9	can	can	AUX
ejge-4284	209	10	austerity	austerity	NOUN
ejge-4284	209	11	persist	persist	VERB
ejge-4284	209	12	?	?	PUNCT
ejge-4284	210	1	17	17	NUM
ejge-4284	210	2	second	second	ADJ
ejge-4284	210	3	,	,	PUNCT
ejge-4284	210	4	it	it	PRON
ejge-4284	210	5	may	may	AUX
ejge-4284	210	6	be	be	AUX
ejge-4284	210	7	that	that	SCONJ
ejge-4284	210	8	following	follow	VERB
ejge-4284	210	9	a	a	DET
ejge-4284	210	10	financial	financial	ADJ
ejge-4284	210	11	crisis	crisis	NOUN
ejge-4284	210	12	,	,	PUNCT
ejge-4284	210	13	the	the	DET
ejge-4284	210	14	state	state	NOUN
ejge-4284	210	15	of	of	ADP
ejge-4284	210	16	private	private	ADJ
ejge-4284	210	17	sector	sector	NOUN
ejge-4284	210	18	balance	balance	NOUN
ejge-4284	210	19	sheets	sheet	NOUN
ejge-4284	210	20	(	(	PUNCT
ejge-4284	210	21	captured	capture	VERB
ejge-4284	210	22	in	in	ADP
ejge-4284	210	23	other	other	ADJ
ejge-4284	210	24	variables	variable	NOUN
ejge-4284	210	25	in	in	ADP
ejge-4284	210	26	our	our	PRON
ejge-4284	210	27	model	model	NOUN
ejge-4284	210	28	)	)	PUNCT
ejge-4284	210	29	is	be	AUX
ejge-4284	210	30	a	a	DET
ejge-4284	210	31	more	more	ADV
ejge-4284	210	32	important	important	ADJ
ejge-4284	210	33	determinant	determinant	ADJ
ejge-4284	210	34	of	of	ADP
ejge-4284	210	35	how	how	SCONJ
ejge-4284	210	36	effectively	effectively	ADV
ejge-4284	210	37	governments	government	NOUN
ejge-4284	210	38	can	can	AUX
ejge-4284	210	39	tackle	tackle	VERB
ejge-4284	210	40	the	the	DET
ejge-4284	210	41	subsequent	subsequent	ADJ
ejge-4284	210	42	need	need	NOUN
ejge-4284	210	43	for	for	ADP
ejge-4284	210	44	retrenchment	retrenchment	NOUN
ejge-4284	210	45	.	.	PUNCT
ejge-4284	211	1	table	table	NOUN
ejge-4284	211	2	5	5	NUM
ejge-4284	211	3	:	:	PUNCT
ejge-4284	211	4	determinants	determinant	NOUN
ejge-4284	211	5	of	of	ADP
ejge-4284	211	6	duration	duration	NOUN
ejge-4284	211	7	of	of	ADP
ejge-4284	211	8	consolidations	consolidation	NOUN
ejge-4284	211	9	–	–	PUNCT
ejge-4284	211	10	the	the	DET
ejge-4284	211	11	role	role	NOUN
ejge-4284	211	12	of	of	ADP
ejge-4284	211	13	macroeconomic	macroeconomic	ADJ
ejge-4284	211	14	conditions	condition	NOUN
ejge-4284	211	15	(	(	PUNCT
ejge-4284	211	16	estimates	estimate	NOUN
ejge-4284	211	17	of	of	ADP
ejge-4284	211	18	hazard	hazard	NOUN
ejge-4284	211	19	function	function	NOUN
ejge-4284	211	20	using	use	VERB
ejge-4284	211	21	weibull	weibull	PROPN
ejge-4284	211	22	model	model	NOUN
ejge-4284	211	23	,	,	PUNCT
ejge-4284	211	24	coefficients	coefficient	NOUN
ejge-4284	211	25	shown	show	VERB
ejge-4284	211	26	as	as	ADP
ejge-4284	211	27	hazard	hazard	NOUN
ejge-4284	211	28	ratios	ratio	NOUN
ejge-4284	211	29	)	)	PUNCT
ejge-4284	211	30	(	(	PUNCT
ejge-4284	211	31	1	1	X
ejge-4284	211	32	)	)	PUNCT
ejge-4284	211	33	(	(	PUNCT
ejge-4284	211	34	2	2	NUM
ejge-4284	211	35	)	)	PUNCT
ejge-4284	211	36	(	(	PUNCT
ejge-4284	211	37	3	3	X
ejge-4284	211	38	)	)	PUNCT
ejge-4284	211	39	(	(	PUNCT
ejge-4284	211	40	4	4	NUM
ejge-4284	211	41	)	)	PUNCT
ejge-4284	211	42	(	(	PUNCT
ejge-4284	211	43	5	5	NUM
ejge-4284	211	44	)	)	PUNCT
ejge-4284	211	45	(	(	PUNCT
ejge-4284	211	46	6	6	NUM
ejge-4284	211	47	)	)	PUNCT
ejge-4284	211	48	(	(	PUNCT
ejge-4284	211	49	7	7	NUM
ejge-4284	211	50	)	)	PUNCT
ejge-4284	211	51	(	(	PUNCT
ejge-4284	211	52	8)	8)	NUM
ejge-4284	211	53	duration	duration	NOUN
ejge-4284	211	54	of	of	ADP
ejge-4284	211	55	the	the	DET
ejge-4284	211	56	episode	episode	NOUN
ejge-4284	211	57	0.765	0.765	NUM
ejge-4284	211	58	*	*	PUNCT
ejge-4284	211	59	*	*	PUNCT
ejge-4284	211	60	*	*	PUNCT
ejge-4284	211	61	0.832	0.832	NUM
ejge-4284	211	62	*	*	PUNCT
ejge-4284	211	63	*	*	PUNCT
ejge-4284	211	64	*	*	PUNCT
ejge-4284	211	65	0.831	0.831	NUM
ejge-4284	211	66	*	*	PUNCT
ejge-4284	211	67	*	*	PUNCT
ejge-4284	212	1	*	*	PUNCT
ejge-4284	212	2	0.856	0.856	NUM
ejge-4284	212	3	*	*	PUNCT
ejge-4284	212	4	*	*	PUNCT
ejge-4284	212	5	*	*	PUNCT
ejge-4284	212	6	0.770	0.770	NUM
ejge-4284	212	7	*	*	PUNCT
ejge-4284	212	8	*	*	PUNCT
ejge-4284	212	9	*	*	PUNCT
ejge-4284	212	10	0.780	0.780	NUM
ejge-4284	212	11	*	*	PUNCT
ejge-4284	212	12	*	*	PUNCT
ejge-4284	212	13	*	*	PUNCT
ejge-4284	212	14	0.768	0.768	NUM
ejge-4284	212	15	*	*	PUNCT
ejge-4284	212	16	*	*	PUNCT
ejge-4284	212	17	*	*	PUNCT
ejge-4284	212	18	0.759	0.759	NUM
ejge-4284	212	19	*	*	PUNCT
ejge-4284	212	20	*	*	PUNCT
ejge-4284	212	21	*	*	PUNCT
ejge-4284	212	22	capb	capb	PROPN
ejge-4284	212	23	0.108	0.108	NUM
ejge-4284	212	24	*	*	PUNCT
ejge-4284	212	25	*	*	PUNCT
ejge-4284	212	26	0.164	0.164	NUM
ejge-4284	212	27	*	*	PUNCT
ejge-4284	212	28	*	*	PUNCT
ejge-4284	212	29	*	*	PUNCT
ejge-4284	212	30	0.080	0.080	NUM
ejge-4284	212	31	*	*	PUNCT
ejge-4284	212	32	0.080	0.080	NUM
ejge-4284	212	33	*	*	PUNCT
ejge-4284	212	34	*	*	PUNCT
ejge-4284	212	35	0.117	0.117	NUM
ejge-4284	212	36	*	*	SYM
ejge-4284	212	37	*	*	X
ejge-4284	212	38	0.073	0.073	NUM
ejge-4284	212	39	0.096	0.096	NUM
ejge-4284	212	40	*	*	NOUN
ejge-4284	212	41	0.107	0.107	NUM
ejge-4284	212	42	*	*	PUNCT
ejge-4284	212	43	*	*	ADJ
ejge-4284	212	44	government	government	NOUN
ejge-4284	212	45	interest	interest	NOUN
ejge-4284	212	46	burden	burden	VERB
ejge-4284	212	47	0.126	0.126	NUM
ejge-4284	212	48	*	*	PUNCT
ejge-4284	212	49	*	*	PUNCT
ejge-4284	212	50	*	*	PUNCT
ejge-4284	213	1	0.175	0.175	NUM
ejge-4284	213	2	*	*	PUNCT
ejge-4284	213	3	*	*	PUNCT
ejge-4284	213	4	*	*	PUNCT
ejge-4284	213	5	0.092	0.092	NUM
ejge-4284	213	6	0.126	0.126	NUM
ejge-4284	213	7	*	*	PUNCT
ejge-4284	213	8	*	*	PUNCT
ejge-4284	213	9	0.156	0.156	NUM
ejge-4284	213	10	*	*	PUNCT
ejge-4284	213	11	*	*	PUNCT
ejge-4284	213	12	*	*	PUNCT
ejge-4284	213	13	0.127	0.127	NUM
ejge-4284	213	14	*	*	PUNCT
ejge-4284	213	15	*	*	NOUN
ejge-4284	213	16	0.113	0.113	NUM
ejge-4284	213	17	*	*	PUNCT
ejge-4284	213	18	*	*	PUNCT
ejge-4284	213	19	0.126	0.126	PUNCT
ejge-4284	213	20	*	*	PUNCT
ejge-4284	213	21	*	*	PUNCT
ejge-4284	213	22	*	*	PUNCT
ejge-4284	213	23	real	real	ADJ
ejge-4284	213	24	long	long	ADJ
ejge-4284	213	25	-	-	PUNCT
ejge-4284	213	26	term	term	NOUN
ejge-4284	213	27	interest	interest	NOUN
ejge-4284	213	28	rates	rate	NOUN
ejge-4284	213	29	-0.181	-0.181	PUNCT
ejge-4284	213	30	*	*	PUNCT
ejge-4284	213	31	*	*	PUNCT
ejge-4284	213	32	*	*	PUNCT
ejge-4284	214	1	-0.178	-0.178	PUNCT
ejge-4284	214	2	*	*	PUNCT
ejge-4284	214	3	*	*	PUNCT
ejge-4284	214	4	*	*	PUNCT
ejge-4284	214	5	-0.177	-0.177	PUNCT
ejge-4284	214	6	*	*	PUNCT
ejge-4284	214	7	*	*	PUNCT
ejge-4284	214	8	*	*	PUNCT
ejge-4284	214	9	-0.222	-0.222	ADJ
ejge-4284	214	10	*	*	PUNCT
ejge-4284	214	11	*	*	PUNCT
ejge-4284	214	12	*	*	PUNCT
ejge-4284	214	13	-0.173	-0.173	PROPN
ejge-4284	214	14	*	*	PROPN
ejge-4284	214	15	*	*	PUNCT
ejge-4284	214	16	*	*	PUNCT
ejge-4284	214	17	-0.168	-0.168	NOUN
ejge-4284	214	18	*	*	PUNCT
ejge-4284	214	19	*	*	PUNCT
ejge-4284	214	20	*	*	PUNCT
ejge-4284	215	1	-0.230	-0.230	PUNCT
ejge-4284	215	2	*	*	PUNCT
ejge-4284	215	3	*	*	PUNCT
ejge-4284	215	4	*	*	PUNCT
ejge-4284	215	5	-0.187	-0.187	PUNCT
ejge-4284	215	6	*	*	PUNCT
ejge-4284	215	7	*	*	PUNCT
ejge-4284	215	8	*	*	PUNCT
ejge-4284	215	9	current	current	ADJ
ejge-4284	215	10	account	account	NOUN
ejge-4284	215	11	balance	balance	NOUN
ejge-4284	215	12	-0.081	-0.081	NOUN
ejge-4284	215	13	*	*	PUNCT
ejge-4284	215	14	*	*	PUNCT
ejge-4284	215	15	*	*	PUNCT
ejge-4284	215	16	private	private	ADJ
ejge-4284	215	17	sector	sector	NOUN
ejge-4284	215	18	net	net	NOUN
ejge-4284	215	19	lending	lending	NOUN
ejge-4284	215	20	-0.081	-0.081	PROPN
ejge-4284	215	21	*	*	PUNCT
ejge-4284	215	22	*	*	PUNCT
ejge-4284	215	23	*	*	PUNCT
ejge-4284	215	24	private	private	ADJ
ejge-4284	215	25	saving	saving	NOUN
ejge-4284	215	26	ratio	ratio	NOUN
ejge-4284	215	27	-0.080	-0.080	NOUN
ejge-4284	215	28	*	*	VERB
ejge-4284	215	29	credit	credit	NOUN
ejge-4284	215	30	to	to	ADP
ejge-4284	215	31	gdp	gdp	NOUN
ejge-4284	215	32	ratio	ratio	NOUN
ejge-4284	215	33	-0.005	-0.005	PUNCT
ejge-4284	215	34	change	change	NOUN
ejge-4284	215	35	in	in	ADP
ejge-4284	215	36	credit	credit	NOUN
ejge-4284	215	37	to	to	ADP
ejge-4284	215	38	gdp	gdp	NOUN
ejge-4284	215	39	ratio	ratio	NOUN
ejge-4284	215	40	0.063	0.063	NUM
ejge-4284	215	41	*	*	PUNCT
ejge-4284	215	42	real	real	ADJ
ejge-4284	215	43	equity	equity	NOUN
ejge-4284	215	44	price	price	NOUN
ejge-4284	215	45	growth	growth	NOUN
ejge-4284	215	46	0.020	0.020	NUM
ejge-4284	215	47	*	*	PUNCT
ejge-4284	215	48	financial	financial	ADJ
ejge-4284	215	49	crisis	crisis	NOUN
ejge-4284	215	50	0.324	0.324	NUM
ejge-4284	215	51	constant	constant	ADJ
ejge-4284	215	52	-1.729	-1.729	NOUN
ejge-4284	215	53	*	*	PUNCT
ejge-4284	215	54	*	*	PUNCT
ejge-4284	215	55	*	*	PUNCT
ejge-4284	215	56	-1.742	-1.742	PUNCT
ejge-4284	215	57	*	*	PUNCT
ejge-4284	215	58	*	*	PUNCT
ejge-4284	215	59	*	*	PUNCT
ejge-4284	215	60	-1.827	-1.827	PUNCT
ejge-4284	215	61	*	*	PUNCT
ejge-4284	215	62	*	*	PUNCT
ejge-4284	215	63	*	*	PUNCT
ejge-4284	216	1	-0.239	-0.239	INTJ
ejge-4284	216	2	-1.254	-1.254	PUNCT
ejge-4284	216	3	*	*	PUNCT
ejge-4284	216	4	*	*	PUNCT
ejge-4284	216	5	*	*	PUNCT
ejge-4284	216	6	-1.956	-1.956	PUNCT
ejge-4284	217	1	*	*	PUNCT
ejge-4284	217	2	*	*	PUNCT
ejge-4284	217	3	*	*	PUNCT
ejge-4284	217	4	-1.789	-1.789	NOUN
ejge-4284	217	5	*	*	NOUN
ejge-4284	217	6	*	*	PUNCT
ejge-4284	217	7	*	*	PUNCT
ejge-4284	217	8	-1.717	-1.717	PUNCT
ejge-4284	217	9	*	*	PUNCT
ejge-4284	217	10	*	*	PUNCT
ejge-4284	217	11	*	*	PUNCT
ejge-4284	217	12	number	number	NOUN
ejge-4284	217	13	observations	observation	NOUN
ejge-4284	217	14	242	242	NUM
ejge-4284	217	15	228	228	NUM
ejge-4284	217	16	228	228	NUM
ejge-4284	217	17	232	232	NUM
ejge-4284	217	18	234	234	NUM
ejge-4284	217	19	232	232	NUM
ejge-4284	217	20	237	237	NUM
ejge-4284	217	21	232	232	NUM
ejge-4284	217	22	number	number	NOUN
ejge-4284	217	23	of	of	ADP
ejge-4284	217	24	countries	country	NOUN
ejge-4284	217	25	20	20	NUM
ejge-4284	217	26	19	19	NUM
ejge-4284	217	27	19	19	NUM
ejge-4284	217	28	20	20	NUM
ejge-4284	217	29	19	19	NUM
ejge-4284	217	30	19	19	NUM
ejge-4284	217	31	20	20	NUM
ejge-4284	217	32	20	20	NUM
ejge-4284	217	33	number	number	NOUN
ejge-4284	217	34	of	of	ADP
ejge-4284	217	35	consolidations	consolidation	NOUN
ejge-4284	217	36	61	61	NUM
ejge-4284	217	37	57	57	NUM
ejge-4284	217	38	57	57	NUM
ejge-4284	217	39	57	57	NUM
ejge-4284	217	40	58	58	NUM
ejge-4284	217	41	57	57	NUM
ejge-4284	217	42	59	59	NUM
ejge-4284	217	43	61	61	NUM
ejge-4284	217	44	adjusted	adjust	VERB
ejge-4284	217	45	-	-	PUNCT
ejge-4284	217	46	r	r	NOUN
ejge-4284	217	47	-	-	PUNCT
ejge-4284	217	48	squared	square	VERB
ejge-4284	217	49	0.265	0.265	NUM
ejge-4284	217	50	0.296	0.296	NUM
ejge-4284	217	51	0.302	0.302	NUM
ejge-4284	217	52	0.321	0.321	NUM
ejge-4284	217	53	0.275	0.275	NUM
ejge-4284	217	54	0.275	0.275	NUM
ejge-4284	217	55	0.272	0.272	NUM
ejge-4284	217	56	0.252	0.252	NUM
ejge-4284	217	57	(	(	PUNCT
ejge-4284	217	58	9	9	NUM
ejge-4284	217	59	)	)	PUNCT
ejge-4284	217	60	(	(	PUNCT
ejge-4284	217	61	10	10	NUM
ejge-4284	217	62	)	)	PUNCT
ejge-4284	217	63	(	(	PUNCT
ejge-4284	217	64	11	11	NUM
ejge-4284	217	65	)	)	PUNCT
ejge-4284	217	66	(	(	PUNCT
ejge-4284	217	67	12	12	NUM
ejge-4284	217	68	)	)	PUNCT
ejge-4284	217	69	(	(	PUNCT
ejge-4284	217	70	13	13	NUM
ejge-4284	217	71	)	)	PUNCT
ejge-4284	217	72	(	(	PUNCT
ejge-4284	217	73	14	14	NUM
ejge-4284	217	74	)	)	PUNCT
ejge-4284	217	75	(	(	PUNCT
ejge-4284	217	76	15	15	NUM
ejge-4284	217	77	)	)	PUNCT
ejge-4284	217	78	(	(	PUNCT
ejge-4284	217	79	16	16	X
ejge-4284	217	80	)	)	PUNCT
ejge-4284	217	81	duration	duration	NOUN
ejge-4284	217	82	of	of	ADP
ejge-4284	217	83	the	the	DET
ejge-4284	217	84	episode	episode	NOUN
ejge-4284	217	85	0.794	0.794	NUM
ejge-4284	217	86	*	*	PUNCT
ejge-4284	217	87	*	*	PUNCT
ejge-4284	217	88	*	*	PUNCT
ejge-4284	217	89	0.774	0.774	NUM
ejge-4284	217	90	*	*	PUNCT
ejge-4284	217	91	*	*	PUNCT
ejge-4284	217	92	*	*	PUNCT
ejge-4284	217	93	0.761	0.761	NUM
ejge-4284	217	94	*	*	PUNCT
ejge-4284	217	95	*	*	PUNCT
ejge-4284	217	96	*	*	PUNCT
ejge-4284	217	97	0.807	0.807	NUM
ejge-4284	217	98	*	*	PUNCT
ejge-4284	217	99	*	*	PUNCT
ejge-4284	217	100	*	*	PUNCT
ejge-4284	217	101	0.886	0.886	NUM
ejge-4284	217	102	*	*	PUNCT
ejge-4284	217	103	*	*	PUNCT
ejge-4284	217	104	*	*	PUNCT
ejge-4284	217	105	0.765	0.765	NUM
ejge-4284	217	106	*	*	PUNCT
ejge-4284	217	107	*	*	PUNCT
ejge-4284	217	108	*	*	PUNCT
ejge-4284	217	109	0.802	0.802	NUM
ejge-4284	217	110	*	*	PUNCT
ejge-4284	217	111	*	*	PUNCT
ejge-4284	217	112	*	*	PUNCT
ejge-4284	217	113	0.759	0.759	NUM
ejge-4284	217	114	*	*	PUNCT
ejge-4284	217	115	*	*	PUNCT
ejge-4284	217	116	*	*	PUNCT
ejge-4284	217	117	capb	capb	PROPN
ejge-4284	217	118	0.100	0.100	NUM
ejge-4284	217	119	*	*	PUNCT
ejge-4284	217	120	*	*	PUNCT
ejge-4284	218	1	0.091	0.091	NUM
ejge-4284	218	2	*	*	PUNCT
ejge-4284	218	3	0.101	0.101	NUM
ejge-4284	218	4	*	*	PUNCT
ejge-4284	218	5	0.065	0.065	NUM
ejge-4284	218	6	0.076	0.076	NUM
ejge-4284	218	7	*	*	NOUN
ejge-4284	218	8	0.113	0.113	NUM
ejge-4284	218	9	*	*	PUNCT
ejge-4284	218	10	*	*	PUNCT
ejge-4284	219	1	0.155	0.155	NUM
ejge-4284	219	2	*	*	NOUN
ejge-4284	219	3	*	*	PUNCT
ejge-4284	219	4	*	*	PUNCT
ejge-4284	219	5	0.110	0.110	NUM
ejge-4284	219	6	*	*	PUNCT
ejge-4284	219	7	government	government	NOUN
ejge-4284	219	8	interest	interest	NOUN
ejge-4284	219	9	burden	burden	VERB
ejge-4284	219	10	0.146	0.146	NUM
ejge-4284	219	11	*	*	PUNCT
ejge-4284	219	12	*	*	PUNCT
ejge-4284	219	13	*	*	PUNCT
ejge-4284	219	14	0.128	0.128	NUM
ejge-4284	219	15	*	*	PUNCT
ejge-4284	219	16	*	*	PUNCT
ejge-4284	219	17	*	*	PUNCT
ejge-4284	219	18	0.125	0.125	NUM
ejge-4284	219	19	*	*	PUNCT
ejge-4284	219	20	*	*	X
ejge-4284	219	21	0.104	0.104	NUM
ejge-4284	219	22	*	*	PUNCT
ejge-4284	219	23	0.220	0.220	NUM
ejge-4284	219	24	*	*	PUNCT
ejge-4284	219	25	*	*	PUNCT
ejge-4284	219	26	*	*	PUNCT
ejge-4284	219	27	0.125	0.125	NUM
ejge-4284	219	28	*	*	PUNCT
ejge-4284	219	29	*	*	PUNCT
ejge-4284	219	30	*	*	PUNCT
ejge-4284	219	31	0.178	0.178	NUM
ejge-4284	219	32	*	*	PUNCT
ejge-4284	219	33	*	*	PUNCT
ejge-4284	219	34	*	*	PUNCT
ejge-4284	219	35	0.122	0.122	NUM
ejge-4284	219	36	*	*	PUNCT
ejge-4284	219	37	*	*	PUNCT
ejge-4284	219	38	*	*	PUNCT
ejge-4284	219	39	real	real	ADJ
ejge-4284	219	40	long	long	ADJ
ejge-4284	219	41	-	-	PUNCT
ejge-4284	219	42	term	term	NOUN
ejge-4284	219	43	interest	interest	NOUN
ejge-4284	219	44	rates	rate	NOUN
ejge-4284	219	45	-0.187	-0.187	PUNCT
ejge-4284	219	46	*	*	PUNCT
ejge-4284	219	47	*	*	PUNCT
ejge-4284	219	48	*	*	PUNCT
ejge-4284	219	49	-0.162	-0.162	PROPN
ejge-4284	219	50	*	*	PUNCT
ejge-4284	219	51	*	*	PUNCT
ejge-4284	219	52	*	*	PUNCT
ejge-4284	219	53	-0.170	-0.170	PUNCT
ejge-4284	219	54	*	*	PUNCT
ejge-4284	219	55	*	*	PUNCT
ejge-4284	219	56	*	*	PUNCT
ejge-4284	219	57	-0.191	-0.191	PUNCT
ejge-4284	219	58	*	*	PUNCT
ejge-4284	219	59	*	*	PUNCT
ejge-4284	219	60	*	*	PUNCT
ejge-4284	219	61	-0.155	-0.155	PROPN
ejge-4284	219	62	*	*	PUNCT
ejge-4284	219	63	*	*	PUNCT
ejge-4284	219	64	*	*	PUNCT
ejge-4284	220	1	-0.181	-0.181	PUNCT
ejge-4284	220	2	*	*	PUNCT
ejge-4284	220	3	*	*	PUNCT
ejge-4284	220	4	*	*	PUNCT
ejge-4284	220	5	-0.108	-0.108	PROPN
ejge-4284	220	6	*	*	PUNCT
ejge-4284	220	7	*	*	PUNCT
ejge-4284	220	8	-0.163	-0.163	PUNCT
ejge-4284	221	1	*	*	PUNCT
ejge-4284	221	2	*	*	PUNCT
ejge-4284	221	3	*	*	PUNCT
ejge-4284	221	4	gdp	gdp	NOUN
ejge-4284	221	5	growth	growth	NOUN
ejge-4284	221	6	-0.101	-0.101	PUNCT
ejge-4284	221	7	world	world	NOUN
ejge-4284	221	8	gdp	gdp	NOUN
ejge-4284	221	9	growth	growth	NOUN
ejge-4284	221	10	0.363	0.363	NUM
ejge-4284	221	11	output	output	NOUN
ejge-4284	221	12	gap	gap	NOUN
ejge-4284	221	13	0.061	0.061	NUM
ejge-4284	221	14	real	real	ADJ
ejge-4284	221	15	exchange	exchange	NOUN
ejge-4284	221	16	rate	rate	NOUN
ejge-4284	221	17	0.026	0.026	NUM
ejge-4284	221	18	*	*	NOUN
ejge-4284	221	19	*	*	PROPN
ejge-4284	221	20	relative	relative	ADJ
ejge-4284	221	21	ulc	ulc	PROPN
ejge-4284	221	22	growth	growth	NOUN
ejge-4284	221	23	0.201	0.201	NUM
ejge-4284	221	24	*	*	PUNCT
ejge-4284	221	25	*	*	PUNCT
ejge-4284	221	26	*	*	PUNCT
ejge-4284	221	27	openness	openness	NOUN
ejge-4284	221	28	-0.001	-0.001	VERB
ejge-4284	221	29	inflation	inflation	NOUN
ejge-4284	221	30	0.084	0.084	NUM
ejge-4284	221	31	*	*	PUNCT
ejge-4284	221	32	*	*	PUNCT
ejge-4284	221	33	*	*	PUNCT
ejge-4284	221	34	monetary	monetary	ADJ
ejge-4284	221	35	policy	policy	NOUN
ejge-4284	221	36	interest	interest	NOUN
ejge-4284	221	37	rate	rate	NOUN
ejge-4284	221	38	-0.020	-0.020	VERB
ejge-4284	221	39	constant	constant	ADJ
ejge-4284	221	40	-1.488	-1.488	NOUN
ejge-4284	221	41	*	*	PUNCT
ejge-4284	221	42	*	*	PUNCT
ejge-4284	222	1	*	*	PUNCT
ejge-4284	222	2	-3.155	-3.155	PUNCT
ejge-4284	222	3	*	*	PUNCT
ejge-4284	222	4	*	*	PUNCT
ejge-4284	222	5	*	*	PUNCT
ejge-4284	222	6	-1.713	-1.713	PUNCT
ejge-4284	222	7	*	*	PUNCT
ejge-4284	222	8	*	*	PUNCT
ejge-4284	222	9	*	*	PUNCT
ejge-4284	222	10	-4.500	-4.500	PUNCT
ejge-4284	222	11	*	*	PUNCT
ejge-4284	222	12	*	*	PUNCT
ejge-4284	222	13	*	*	PUNCT
ejge-4284	222	14	-1.770	-1.770	VERB
ejge-4284	222	15	*	*	PUNCT
ejge-4284	222	16	*	*	PUNCT
ejge-4284	222	17	*	*	PUNCT
ejge-4284	222	18	-1.683	-1.683	PUNCT
ejge-4284	222	19	*	*	PUNCT
ejge-4284	222	20	*	*	PUNCT
ejge-4284	222	21	*	*	PUNCT
ejge-4284	222	22	-2.253	-2.253	PUNCT
ejge-4284	223	1	*	*	PUNCT
ejge-4284	223	2	*	*	PUNCT
ejge-4284	223	3	*	*	PUNCT
ejge-4284	223	4	-1.726	-1.726	PUNCT
ejge-4284	223	5	*	*	PUNCT
ejge-4284	223	6	*	*	NOUN
ejge-4284	223	7	*	*	NOUN
ejge-4284	223	8	number	number	NOUN
ejge-4284	223	9	observations	observation	NOUN
ejge-4284	223	10	240	240	NUM
ejge-4284	223	11	232	232	NUM
ejge-4284	223	12	242	242	NUM
ejge-4284	223	13	232	232	NUM
ejge-4284	223	14	228	228	NUM
ejge-4284	223	15	242	242	NUM
ejge-4284	223	16	240	240	NUM
ejge-4284	223	17	240	240	NUM
ejge-4284	223	18	number	number	NOUN
ejge-4284	223	19	of	of	ADP
ejge-4284	223	20	countries	country	NOUN
ejge-4284	223	21	20	20	NUM
ejge-4284	223	22	20	20	NUM
ejge-4284	223	23	20	20	NUM
ejge-4284	223	24	20	20	NUM
ejge-4284	223	25	19	19	NUM
ejge-4284	223	26	20	20	NUM
ejge-4284	223	27	20	20	NUM
ejge-4284	223	28	20	20	NUM
ejge-4284	223	29	number	number	NOUN
ejge-4284	223	30	of	of	ADP
ejge-4284	223	31	consolidations	consolidation	NOUN
ejge-4284	223	32	60	60	NUM
ejge-4284	223	33	61	61	NUM
ejge-4284	223	34	61	61	NUM
ejge-4284	223	35	58	58	NUM
ejge-4284	223	36	56	56	NUM
ejge-4284	223	37	61	61	NUM
ejge-4284	223	38	60	60	NUM
ejge-4284	223	39	60	60	NUM
ejge-4284	223	40	adjusted	adjust	VERB
ejge-4284	223	41	-	-	PUNCT
ejge-4284	223	42	r	r	NOUN
ejge-4284	223	43	-	-	PUNCT
ejge-4284	223	44	squared	square	VERB
ejge-4284	223	45	0.261	0.261	NUM
ejge-4284	223	46	0.267	0.267	NUM
ejge-4284	223	47	0.264	0.264	NUM
ejge-4284	223	48	0.296	0.296	NUM
ejge-4284	223	49	0.342	0.342	NUM
ejge-4284	223	50	0.257	0.257	NUM
ejge-4284	223	51	0.286	0.286	NUM
ejge-4284	223	52	0.247	0.247	NUM
ejge-4284	223	53	notes	note	NOUN
ejge-4284	223	54	:	:	PUNCT
ejge-4284	223	55	*	*	PUNCT
ejge-4284	223	56	*	*	PUNCT
ejge-4284	223	57	*	*	PUNCT
ejge-4284	223	58	,	,	PUNCT
ejge-4284	223	59	*	*	PUNCT
ejge-4284	223	60	*	*	PUNCT
ejge-4284	223	61	and	and	CCONJ
ejge-4284	223	62	*	*	PUNCT
ejge-4284	223	63	indicate	indicate	VERB
ejge-4284	223	64	significance	significance	NOUN
ejge-4284	223	65	at	at	ADP
ejge-4284	223	66	the	the	DET
ejge-4284	223	67	1	1	NUM
ejge-4284	223	68	%	%	NOUN
ejge-4284	223	69	.	.	PUNCT
ejge-4284	224	1	5	5	NUM
ejge-4284	224	2	%	%	NOUN
ejge-4284	224	3	and	and	CCONJ
ejge-4284	224	4	10	10	NUM
ejge-4284	224	5	%	%	NOUN
ejge-4284	224	6	level	level	NOUN
ejge-4284	224	7	respectively	respectively	ADV
ejge-4284	224	8	.	.	PUNCT
ejge-4284	225	1	each	each	DET
ejge-4284	225	2	variable	variable	NOUN
ejge-4284	225	3	is	be	AUX
ejge-4284	225	4	measured	measure	VERB
ejge-4284	225	5	in	in	ADP
ejge-4284	225	6	the	the	DET
ejge-4284	225	7	year	year	NOUN
ejge-4284	225	8	before	before	SCONJ
ejge-4284	225	9	the	the	DET
ejge-4284	225	10	consolidation	consolidation	NOUN
ejge-4284	225	11	begins	begin	VERB
ejge-4284	225	12	.	.	PUNCT
ejge-4284	226	1	the	the	DET
ejge-4284	226	2	“	"	PUNCT
ejge-4284	226	3	duration	duration	NOUN
ejge-4284	226	4	of	of	ADP
ejge-4284	226	5	the	the	DET
ejge-4284	226	6	episode	episode	NOUN
ejge-4284	226	7	”	"	PUNCT
ejge-4284	226	8	reports	report	VERB
ejge-4284	226	9	the	the	DET
ejge-4284	226	10	value	value	NOUN
ejge-4284	226	11	of	of	ADP
ejge-4284	226	12	the	the	DET
ejge-4284	226	13	weibull	weibull	PROPN
ejge-4284	226	14	parameter	parameter	NOUN
ejge-4284	226	15	that	that	PRON
ejge-4284	226	16	governs	govern	VERB
ejge-4284	226	17	the	the	DET
ejge-4284	226	18	shape	shape	NOUN
ejge-4284	226	19	of	of	ADP
ejge-4284	226	20	the	the	DET
ejge-4284	226	21	hazard	hazard	NOUN
ejge-4284	226	22	function	function	NOUN
ejge-4284	226	23	.	.	PUNCT
ejge-4284	227	1	the	the	DET
ejge-4284	227	2	coefficients	coefficient	NOUN
ejge-4284	227	3	are	be	AUX
ejge-4284	227	4	reported	report	VERB
ejge-4284	227	5	as	as	ADP
ejge-4284	227	6	hazard	hazard	NOUN
ejge-4284	227	7	ratios	ratio	NOUN
ejge-4284	227	8	–	–	PUNCT
ejge-4284	227	9	a	a	DET
ejge-4284	227	10	coefficient	coefficient	NOUN
ejge-4284	227	11	greater	great	ADJ
ejge-4284	227	12	than	than	ADP
ejge-4284	227	13	zero	zero	NUM
ejge-4284	227	14	indicates	indicate	VERB
ejge-4284	227	15	that	that	SCONJ
ejge-4284	227	16	an	an	DET
ejge-4284	227	17	increase	increase	NOUN
ejge-4284	227	18	in	in	ADP
ejge-4284	227	19	the	the	DET
ejge-4284	227	20	explanatory	explanatory	ADJ
ejge-4284	227	21	variable	variable	NOUN
ejge-4284	227	22	increases	increase	VERB
ejge-4284	227	23	the	the	DET
ejge-4284	227	24	hazard	hazard	NOUN
ejge-4284	227	25	rate	rate	NOUN
ejge-4284	227	26	(	(	PUNCT
ejge-4284	227	27	the	the	DET
ejge-4284	227	28	conditional	conditional	ADJ
ejge-4284	227	29	probability	probability	NOUN
ejge-4284	227	30	of	of	ADP
ejge-4284	227	31	a	a	DET
ejge-4284	227	32	consolidation	consolidation	NOUN
ejge-4284	227	33	coming	come	VERB
ejge-4284	227	34	to	to	ADP
ejge-4284	227	35	an	an	DET
ejge-4284	227	36	end	end	NOUN
ejge-4284	227	37	)	)	PUNCT
ejge-4284	227	38	.	.	PUNCT
ejge-4284	228	1	the	the	DET
ejge-4284	228	2	measure	measure	NOUN
ejge-4284	228	3	of	of	ADP
ejge-4284	228	4	explained	explain	VERB
ejge-4284	228	5	variation	variation	NOUN
ejge-4284	228	6	is	be	AUX
ejge-4284	228	7	an	an	DET
ejge-4284	228	8	adjusted	adjusted	ADJ
ejge-4284	228	9	r	r	NOUN
ejge-4284	228	10	-	-	PUNCT
ejge-4284	228	11	squared	square	VERB
ejge-4284	228	12	employed	employ	VERB
ejge-4284	228	13	for	for	ADP
ejge-4284	228	14	survival	survival	NOUN
ejge-4284	228	15	models	model	NOUN
ejge-4284	228	16	(	(	PUNCT
ejge-4284	228	17	royston	royston	PROPN
ejge-4284	228	18	(	(	PUNCT
ejge-4284	228	19	2006	2006	NUM
ejge-4284	228	20	)	)	PUNCT
ejge-4284	228	21	)	)	PUNCT
ejge-4284	228	22	.	.	PUNCT
ejge-4284	229	1	we	we	PRON
ejge-4284	229	2	tested	test	VERB
ejge-4284	229	3	a	a	DET
ejge-4284	229	4	number	number	NOUN
ejge-4284	229	5	of	of	ADP
ejge-4284	229	6	other	other	ADJ
ejge-4284	229	7	variables	variable	NOUN
ejge-4284	229	8	.	.	PUNCT
ejge-4284	230	1	the	the	DET
ejge-4284	230	2	role	role	NOUN
ejge-4284	230	3	of	of	ADP
ejge-4284	230	4	growth	growth	NOUN
ejge-4284	230	5	dynamics	dynamic	NOUN
ejge-4284	230	6	is	be	AUX
ejge-4284	230	7	unclear	unclear	ADJ
ejge-4284	230	8	:	:	PUNCT
ejge-4284	230	9	a	a	DET
ejge-4284	230	10	higher	high	ADJ
ejge-4284	230	11	real	real	ADJ
ejge-4284	230	12	gdp	gdp	NOUN
ejge-4284	230	13	growth	growth	NOUN
ejge-4284	230	14	rate	rate	NOUN
ejge-4284	230	15	tends	tend	VERB
ejge-4284	230	16	to	to	PART
ejge-4284	230	17	increase	increase	VERB
ejge-4284	230	18	the	the	DET
ejge-4284	230	19	probability	probability	NOUN
ejge-4284	230	20	of	of	ADP
ejge-4284	230	21	a	a	DET
ejge-4284	230	22	consolidation	consolidation	NOUN
ejge-4284	230	23	continuing	continue	VERB
ejge-4284	230	24	but	but	CCONJ
ejge-4284	230	25	a	a	DET
ejge-4284	230	26	larger	large	ADJ
ejge-4284	230	27	output	output	NOUN
ejge-4284	230	28	gap	gap	NOUN
ejge-4284	230	29	lowers	lower	VERB
ejge-4284	230	30	the	the	DET
ejge-4284	230	31	probability	probability	NOUN
ejge-4284	230	32	of	of	ADP
ejge-4284	230	33	a	a	DET
ejge-4284	230	34	sustained	sustained	ADJ
ejge-4284	230	35	consolidation	consolidation	NOUN
ejge-4284	230	36	.	.	PUNCT
ejge-4284	231	1	moreover	moreover	ADV
ejge-4284	231	2	,	,	PUNCT
ejge-4284	231	3	none	none	NOUN
ejge-4284	231	4	of	of	ADP
ejge-4284	231	5	the	the	DET
ejge-4284	231	6	coefficients	coefficient	NOUN
ejge-4284	231	7	are	be	AUX
ejge-4284	231	8	statistically	statistically	ADV
ejge-4284	231	9	significant	significant	ADJ
ejge-4284	231	10	(	(	PUNCT
ejge-4284	231	11	columns	column	NOUN
ejge-4284	231	12	9	9	NUM
ejge-4284	231	13	and	and	CCONJ
ejge-4284	231	14	10	10	NUM
ejge-4284	231	15	)	)	PUNCT
ejge-4284	231	16	.	.	PUNCT
ejge-4284	232	1	in	in	ADP
ejge-4284	232	2	combination	combination	NOUN
ejge-4284	232	3	with	with	ADP
ejge-4284	232	4	other	other	ADJ
ejge-4284	232	5	variables	variable	NOUN
ejge-4284	232	6	we	we	PRON
ejge-4284	232	7	find	find	VERB
ejge-4284	232	8	that	that	SCONJ
ejge-4284	232	9	stronger	strong	ADJ
ejge-4284	232	10	real	real	ADJ
ejge-4284	232	11	gdp	gdp	NOUN
ejge-4284	232	12	growth	growth	NOUN
ejge-4284	232	13	at	at	ADP
ejge-4284	232	14	the	the	DET
ejge-4284	232	15	onset	onset	NOUN
ejge-4284	232	16	of	of	ADP
ejge-4284	232	17	a	a	DET
ejge-4284	232	18	consolidation	consolidation	NOUN
ejge-4284	232	19	period	period	NOUN
ejge-4284	232	20	is	be	AUX
ejge-4284	232	21	typically	typically	ADV
ejge-4284	232	22	associated	associate	VERB
ejge-4284	232	23	with	with	ADP
ejge-4284	232	24	a	a	DET
ejge-4284	232	25	longer	long	ADV
ejge-4284	232	26	-	-	PUNCT
ejge-4284	232	27	lasting	last	VERB
ejge-4284	232	28	consolidation	consolidation	NOUN
ejge-4284	232	29	effort	effort	NOUN
ejge-4284	232	30	.	.	PUNCT
ejge-4284	233	1	the	the	DET
ejge-4284	233	2	international	international	ADJ
ejge-4284	233	3	environment	environment	NOUN
ejge-4284	233	4	–	–	PUNCT
ejge-4284	233	5	proxied	proxie	VERB
ejge-4284	233	6	by	by	ADP
ejge-4284	233	7	world	world	NOUN
ejge-4284	233	8	real	real	PROPN
ejge-4284	233	9	gdp	gdp	NOUN
ejge-4284	233	10	growth	growth	NOUN
ejge-4284	233	11	–	–	PUNCT
ejge-4284	233	12	played	play	VERB
ejge-4284	233	13	no	no	DET
ejge-4284	233	14	significant	significant	ADJ
ejge-4284	233	15	role	role	NOUN
ejge-4284	233	16	.	.	PUNCT
ejge-4284	234	1	the	the	DET
ejge-4284	234	2	important	important	ADJ
ejge-4284	234	3	role	role	NOUN
ejge-4284	234	4	for	for	ADP
ejge-4284	234	5	competitiveness	competitiveness	NOUN
ejge-4284	234	6	is	be	AUX
ejge-4284	234	7	confirmed	confirm	VERB
ejge-4284	234	8	:	:	PUNCT
ejge-4284	234	9	a	a	DET
ejge-4284	234	10	more	more	ADV
ejge-4284	234	11	competitive	competitive	ADJ
ejge-4284	234	12	real	real	ADJ
ejge-4284	234	13	exchange	exchange	NOUN
ejge-4284	234	14	rate	rate	NOUN
ejge-4284	234	15	and	and	CCONJ
ejge-4284	234	16	smaller	small	ADJ
ejge-4284	234	17	european	european	ADJ
ejge-4284	234	18	journal	journal	NOUN
ejge-4284	234	19	of	of	ADP
ejge-4284	234	20	government	government	NOUN
ejge-4284	234	21	and	and	CCONJ
ejge-4284	234	22	economics	economic	NOUN
ejge-4284	234	23	2(1	2(1	NUM
ejge-4284	234	24	)	)	PUNCT
ejge-4284	234	25	18	18	NUM
ejge-4284	234	26	increases	increase	NOUN
ejge-4284	234	27	in	in	ADP
ejge-4284	234	28	unit	unit	NOUN
ejge-4284	234	29	labour	labour	NOUN
ejge-4284	234	30	costs	cost	NOUN
ejge-4284	234	31	(	(	PUNCT
ejge-4284	234	32	relative	relative	ADJ
ejge-4284	234	33	to	to	ADP
ejge-4284	234	34	other	other	ADJ
ejge-4284	234	35	advanced	advanced	ADJ
ejge-4284	234	36	economies	economy	NOUN
ejge-4284	234	37	)	)	PUNCT
ejge-4284	234	38	in	in	ADP
ejge-4284	234	39	the	the	DET
ejge-4284	234	40	lead	lead	NOUN
ejge-4284	234	41	-	-	PUNCT
ejge-4284	234	42	up	up	NOUN
ejge-4284	234	43	to	to	ADP
ejge-4284	234	44	a	a	DET
ejge-4284	234	45	consolidation	consolidation	NOUN
ejge-4284	234	46	tend	tend	VERB
ejge-4284	234	47	to	to	PART
ejge-4284	234	48	increase	increase	VERB
ejge-4284	234	49	the	the	DET
ejge-4284	234	50	likelihood	likelihood	NOUN
ejge-4284	234	51	that	that	SCONJ
ejge-4284	234	52	the	the	DET
ejge-4284	234	53	consolidation	consolidation	NOUN
ejge-4284	234	54	will	will	AUX
ejge-4284	234	55	last	last	VERB
ejge-4284	234	56	(	(	PUNCT
ejge-4284	234	57	columns	column	NOUN
ejge-4284	234	58	12	12	NUM
ejge-4284	234	59	and	and	CCONJ
ejge-4284	234	60	13	13	NUM
ejge-4284	234	61	)	)	PUNCT
ejge-4284	234	62	.	.	PUNCT
ejge-4284	235	1	we	we	PRON
ejge-4284	235	2	find	find	VERB
ejge-4284	235	3	no	no	DET
ejge-4284	235	4	additional	additional	ADJ
ejge-4284	235	5	explanatory	explanatory	ADJ
ejge-4284	235	6	power	power	NOUN
ejge-4284	235	7	from	from	ADP
ejge-4284	235	8	the	the	DET
ejge-4284	235	9	openness	openness	NOUN
ejge-4284	235	10	of	of	ADP
ejge-4284	235	11	an	an	DET
ejge-4284	235	12	economy	economy	NOUN
ejge-4284	235	13	,	,	PUNCT
ejge-4284	235	14	measured	measure	VERB
ejge-4284	235	15	as	as	ADP
ejge-4284	235	16	the	the	DET
ejge-4284	235	17	ratio	ratio	NOUN
ejge-4284	235	18	of	of	ADP
ejge-4284	235	19	exports	export	NOUN
ejge-4284	235	20	to	to	ADP
ejge-4284	235	21	gdp	gdp	NOUN
ejge-4284	235	22	(	(	PUNCT
ejge-4284	235	23	column	column	NOUN
ejge-4284	235	24	14	14	NUM
ejge-4284	235	25	)	)	PUNCT
ejge-4284	235	26	.	.	PUNCT
ejge-4284	236	1	moreover	moreover	ADV
ejge-4284	236	2	,	,	PUNCT
ejge-4284	236	3	stronger	strong	ADJ
ejge-4284	236	4	inflation	inflation	NOUN
ejge-4284	236	5	in	in	ADP
ejge-4284	236	6	the	the	DET
ejge-4284	236	7	years	year	NOUN
ejge-4284	236	8	preceding	precede	VERB
ejge-4284	236	9	the	the	DET
ejge-4284	236	10	start	start	NOUN
ejge-4284	236	11	of	of	ADP
ejge-4284	236	12	consolidation	consolidation	NOUN
ejge-4284	236	13	tends	tend	VERB
ejge-4284	236	14	to	to	PART
ejge-4284	236	15	reduce	reduce	VERB
ejge-4284	236	16	the	the	DET
ejge-4284	236	17	length	length	NOUN
ejge-4284	236	18	of	of	ADP
ejge-4284	236	19	subsequent	subsequent	ADJ
ejge-4284	236	20	consolidations	consolidation	NOUN
ejge-4284	236	21	(	(	PUNCT
ejge-4284	236	22	column	column	NOUN
ejge-4284	236	23	15	15	NUM
ejge-4284	236	24	)	)	PUNCT
ejge-4284	236	25	.	.	PUNCT
ejge-4284	237	1	but	but	CCONJ
ejge-4284	237	2	,	,	PUNCT
ejge-4284	237	3	the	the	DET
ejge-4284	237	4	coefficient	coefficient	NOUN
ejge-4284	237	5	on	on	ADP
ejge-4284	237	6	the	the	DET
ejge-4284	237	7	monetary	monetary	ADJ
ejge-4284	237	8	policy	policy	NOUN
ejge-4284	237	9	interest	interest	NOUN
ejge-4284	237	10	rate	rate	NOUN
ejge-4284	237	11	is	be	AUX
ejge-4284	237	12	insignificant	insignificant	ADJ
ejge-4284	237	13	(	(	PUNCT
ejge-4284	237	14	column	column	NOUN
ejge-4284	237	15	16	16	NUM
ejge-4284	237	16	)	)	PUNCT
ejge-4284	237	17	.	.	PUNCT
ejge-4284	238	1	this	this	PRON
ejge-4284	238	2	is	be	AUX
ejge-4284	238	3	line	line	NOUN
ejge-4284	238	4	with	with	ADP
ejge-4284	238	5	the	the	DET
ejge-4284	238	6	literature	literature	NOUN
ejge-4284	238	7	,	,	PUNCT
ejge-4284	238	8	which	which	PRON
ejge-4284	238	9	does	do	AUX
ejge-4284	238	10	not	not	PART
ejge-4284	238	11	find	find	VERB
ejge-4284	238	12	a	a	DET
ejge-4284	238	13	uniformly	uniformly	ADV
ejge-4284	238	14	significant	significant	ADJ
ejge-4284	238	15	role	role	NOUN
ejge-4284	238	16	for	for	ADP
ejge-4284	238	17	monetary	monetary	ADJ
ejge-4284	238	18	policy	policy	NOUN
ejge-4284	238	19	in	in	ADP
ejge-4284	238	20	affecting	affect	VERB
ejge-4284	238	21	the	the	DET
ejge-4284	238	22	length	length	NOUN
ejge-4284	238	23	of	of	ADP
ejge-4284	238	24	consolidation	consolidation	NOUN
ejge-4284	238	25	periods	period	NOUN
ejge-4284	238	26	.	.	PUNCT
ejge-4284	238	27	table	table	NOUN
ejge-4284	238	28	6	6	NUM
ejge-4284	238	29	:	:	PUNCT
ejge-4284	238	30	determinants	determinant	NOUN
ejge-4284	238	31	of	of	ADP
ejge-4284	238	32	duration	duration	NOUN
ejge-4284	238	33	of	of	ADP
ejge-4284	238	34	consolidations	consolidation	NOUN
ejge-4284	238	35	–	–	PUNCT
ejge-4284	238	36	fiscal	fiscal	ADJ
ejge-4284	238	37	policy	policy	NOUN
ejge-4284	238	38	and	and	CCONJ
ejge-4284	238	39	the	the	DET
ejge-4284	238	40	fiscal	fiscal	ADJ
ejge-4284	238	41	framework	framework	NOUN
ejge-4284	238	42	(	(	PUNCT
ejge-4284	238	43	estimates	estimate	NOUN
ejge-4284	238	44	of	of	ADP
ejge-4284	238	45	hazard	hazard	NOUN
ejge-4284	238	46	function	function	NOUN
ejge-4284	238	47	using	use	VERB
ejge-4284	238	48	weibull	weibull	PROPN
ejge-4284	238	49	model	model	NOUN
ejge-4284	238	50	,	,	PUNCT
ejge-4284	238	51	coefficients	coefficient	NOUN
ejge-4284	238	52	shown	show	VERB
ejge-4284	238	53	as	as	ADP
ejge-4284	238	54	hazard	hazard	NOUN
ejge-4284	238	55	ratios	ratio	NOUN
ejge-4284	238	56	)	)	PUNCT
ejge-4284	238	57	(	(	PUNCT
ejge-4284	238	58	1	1	X
ejge-4284	238	59	)	)	PUNCT
ejge-4284	238	60	(	(	PUNCT
ejge-4284	238	61	2	2	NUM
ejge-4284	238	62	)	)	PUNCT
ejge-4284	238	63	(	(	PUNCT
ejge-4284	238	64	3	3	X
ejge-4284	238	65	)	)	PUNCT
ejge-4284	238	66	(	(	PUNCT
ejge-4284	238	67	4	4	NUM
ejge-4284	238	68	)	)	PUNCT
ejge-4284	238	69	(	(	PUNCT
ejge-4284	238	70	5	5	NUM
ejge-4284	238	71	)	)	PUNCT
ejge-4284	238	72	(	(	PUNCT
ejge-4284	238	73	6	6	NUM
ejge-4284	238	74	)	)	PUNCT
ejge-4284	238	75	(	(	PUNCT
ejge-4284	238	76	7	7	NUM
ejge-4284	238	77	)	)	PUNCT
ejge-4284	238	78	(	(	PUNCT
ejge-4284	238	79	8)	8)	NUM
ejge-4284	238	80	(	(	PUNCT
ejge-4284	238	81	9	9	NUM
ejge-4284	238	82	)	)	PUNCT
ejge-4284	238	83	(	(	PUNCT
ejge-4284	238	84	10	10	NUM
ejge-4284	238	85	)	)	PUNCT
ejge-4284	238	86	duration	duration	NOUN
ejge-4284	238	87	of	of	ADP
ejge-4284	238	88	the	the	DET
ejge-4284	238	89	episode	episode	NOUN
ejge-4284	238	90	0.765	0.765	NUM
ejge-4284	238	91	*	*	PUNCT
ejge-4284	238	92	*	*	PUNCT
ejge-4284	238	93	*	*	PUNCT
ejge-4284	238	94	0.832	0.832	NUM
ejge-4284	238	95	*	*	PUNCT
ejge-4284	238	96	*	*	PUNCT
ejge-4284	238	97	*	*	PUNCT
ejge-4284	238	98	0.831	0.831	NUM
ejge-4284	238	99	*	*	PUNCT
ejge-4284	238	100	*	*	PUNCT
ejge-4284	238	101	*	*	PUNCT
ejge-4284	238	102	0.856	0.856	NUM
ejge-4284	238	103	*	*	PUNCT
ejge-4284	238	104	*	*	PUNCT
ejge-4284	238	105	*	*	PUNCT
ejge-4284	238	106	0.770	0.770	NUM
ejge-4284	238	107	*	*	PUNCT
ejge-4284	238	108	*	*	PUNCT
ejge-4284	238	109	*	*	PUNCT
ejge-4284	238	110	0.780	0.780	NUM
ejge-4284	238	111	*	*	PUNCT
ejge-4284	238	112	*	*	PUNCT
ejge-4284	238	113	*	*	PUNCT
ejge-4284	238	114	0.768	0.768	NUM
ejge-4284	238	115	*	*	PUNCT
ejge-4284	238	116	*	*	PUNCT
ejge-4284	238	117	*	*	PUNCT
ejge-4284	238	118	0.794	0.794	NUM
ejge-4284	238	119	*	*	PUNCT
ejge-4284	238	120	*	*	PUNCT
ejge-4284	238	121	*	*	PUNCT
ejge-4284	238	122	0.772	0.772	NUM
ejge-4284	238	123	*	*	PUNCT
ejge-4284	238	124	*	*	PUNCT
ejge-4284	238	125	*	*	PUNCT
ejge-4284	238	126	0.761	0.761	NUM
ejge-4284	238	127	*	*	PUNCT
ejge-4284	238	128	*	*	PUNCT
ejge-4284	238	129	*	*	PUNCT
ejge-4284	238	130	capb	capb	PROPN
ejge-4284	238	131	0.074	0.074	NUM
ejge-4284	238	132	0.074	0.074	NUM
ejge-4284	238	133	0.111	0.111	NUM
ejge-4284	238	134	0.011	0.011	NUM
ejge-4284	238	135	0.070	0.070	NUM
ejge-4284	238	136	0.367	0.367	NUM
ejge-4284	238	137	*	*	PUNCT
ejge-4284	238	138	*	*	PUNCT
ejge-4284	238	139	*	*	PUNCT
ejge-4284	238	140	0.126	0.126	NUM
ejge-4284	238	141	0.074	0.074	NUM
ejge-4284	238	142	0.068	0.068	NUM
ejge-4284	238	143	-0.008	-0.008	NOUN
ejge-4284	238	144	government	government	NOUN
ejge-4284	238	145	interest	interest	NOUN
ejge-4284	238	146	burden	burden	VERB
ejge-4284	238	147	0.242	0.242	NUM
ejge-4284	238	148	*	*	PUNCT
ejge-4284	238	149	*	*	PUNCT
ejge-4284	238	150	*	*	PUNCT
ejge-4284	238	151	0.267	0.267	NUM
ejge-4284	238	152	*	*	PUNCT
ejge-4284	238	153	*	*	PUNCT
ejge-4284	238	154	*	*	PUNCT
ejge-4284	238	155	0.288	0.288	NUM
ejge-4284	238	156	*	*	PUNCT
ejge-4284	238	157	*	*	PUNCT
ejge-4284	238	158	*	*	PUNCT
ejge-4284	238	159	0.297	0.297	NUM
ejge-4284	238	160	*	*	PUNCT
ejge-4284	238	161	*	*	PUNCT
ejge-4284	238	162	*	*	PUNCT
ejge-4284	238	163	0.246	0.246	NUM
ejge-4284	238	164	*	*	PUNCT
ejge-4284	238	165	*	*	PUNCT
ejge-4284	238	166	*	*	PUNCT
ejge-4284	238	167	0.304	0.304	NUM
ejge-4284	238	168	*	*	PUNCT
ejge-4284	238	169	*	*	PUNCT
ejge-4284	238	170	*	*	PUNCT
ejge-4284	238	171	0.277	0.277	NUM
ejge-4284	238	172	*	*	PUNCT
ejge-4284	238	173	*	*	PUNCT
ejge-4284	238	174	*	*	PUNCT
ejge-4284	238	175	0.236	0.236	NUM
ejge-4284	238	176	*	*	PUNCT
ejge-4284	238	177	*	*	PUNCT
ejge-4284	238	178	*	*	PUNCT
ejge-4284	238	179	0.234	0.234	NUM
ejge-4284	238	180	*	*	PUNCT
ejge-4284	238	181	*	*	PUNCT
ejge-4284	238	182	*	*	PUNCT
ejge-4284	238	183	0.116	0.116	NUM
ejge-4284	238	184	real	real	ADJ
ejge-4284	238	185	long	long	ADJ
ejge-4284	238	186	-	-	PUNCT
ejge-4284	238	187	term	term	NOUN
ejge-4284	238	188	interest	interest	NOUN
ejge-4284	238	189	rates	rate	NOUN
ejge-4284	238	190	-0.115	-0.115	PUNCT
ejge-4284	238	191	*	*	PUNCT
ejge-4284	239	1	-0.109	-0.109	NUM
ejge-4284	239	2	-0.122	-0.122	PUNCT
ejge-4284	239	3	*	*	PUNCT
ejge-4284	239	4	-0.149	-0.149	PROPN
ejge-4284	239	5	*	*	PUNCT
ejge-4284	239	6	-0.118	-0.118	PUNCT
ejge-4284	239	7	*	*	PUNCT
ejge-4284	239	8	-0.149	-0.149	PUNCT
ejge-4284	239	9	*	*	PUNCT
ejge-4284	239	10	*	*	PUNCT
ejge-4284	239	11	-0.119	-0.119	PUNCT
ejge-4284	239	12	*	*	PUNCT
ejge-4284	239	13	-0.128	-0.128	PUNCT
ejge-4284	239	14	*	*	PUNCT
ejge-4284	239	15	-0.117	-0.117	PROPN
ejge-4284	239	16	*	*	PUNCT
ejge-4284	239	17	-0.683	-0.683	PUNCT
ejge-4284	239	18	*	*	PUNCT
ejge-4284	239	19	*	*	PUNCT
ejge-4284	239	20	*	*	PUNCT
ejge-4284	239	21	current	current	ADJ
ejge-4284	239	22	account	account	NOUN
ejge-4284	239	23	balance	balance	NOUN
ejge-4284	239	24	-0.080	-0.080	NOUN
ejge-4284	239	25	*	*	PUNCT
ejge-4284	239	26	*	*	PUNCT
ejge-4284	239	27	-0.084	-0.084	PROPN
ejge-4284	239	28	*	*	PUNCT
ejge-4284	239	29	*	*	PUNCT
ejge-4284	239	30	-0.088	-0.088	PROPN
ejge-4284	240	1	*	*	PUNCT
ejge-4284	240	2	*	*	PUNCT
ejge-4284	240	3	-0.008	-0.008	NOUN
ejge-4284	241	1	-0.079	-0.079	PUNCT
ejge-4284	241	2	*	*	PUNCT
ejge-4284	241	3	*	*	PUNCT
ejge-4284	242	1	-0.066	-0.066	PROPN
ejge-4284	242	2	*	*	PUNCT
ejge-4284	242	3	-0.088	-0.088	PROPN
ejge-4284	243	1	*	*	PUNCT
ejge-4284	243	2	*	*	PUNCT
ejge-4284	243	3	-0.081	-0.081	PRON
ejge-4284	243	4	*	*	PUNCT
ejge-4284	243	5	*	*	PUNCT
ejge-4284	243	6	-0.081	-0.081	PRON
ejge-4284	243	7	*	*	PUNCT
ejge-4284	243	8	*	*	PUNCT
ejge-4284	243	9	-0.069	-0.069	PUNCT
ejge-4284	243	10	change	change	NOUN
ejge-4284	243	11	in	in	ADP
ejge-4284	243	12	credit	credit	NOUN
ejge-4284	243	13	to	to	ADP
ejge-4284	243	14	gdp	gdp	NOUN
ejge-4284	243	15	ratio	ratio	NOUN
ejge-4284	243	16	0.087	0.087	NUM
ejge-4284	243	17	*	*	NOUN
ejge-4284	243	18	*	*	PUNCT
ejge-4284	243	19	0.102	0.102	NUM
ejge-4284	243	20	*	*	PUNCT
ejge-4284	243	21	*	*	PUNCT
ejge-4284	243	22	*	*	PUNCT
ejge-4284	243	23	0.095	0.095	NUM
ejge-4284	243	24	*	*	X
ejge-4284	243	25	*	*	PUNCT
ejge-4284	243	26	0.102	0.102	NUM
ejge-4284	243	27	*	*	PUNCT
ejge-4284	243	28	*	*	PUNCT
ejge-4284	243	29	0.086	0.086	NUM
ejge-4284	243	30	*	*	PUNCT
ejge-4284	243	31	*	*	PUNCT
ejge-4284	243	32	0.093	0.093	NUM
ejge-4284	243	33	*	*	PUNCT
ejge-4284	243	34	*	*	PUNCT
ejge-4284	243	35	*	*	PUNCT
ejge-4284	244	1	0.059	0.059	NUM
ejge-4284	244	2	0.091	0.091	NUM
ejge-4284	244	3	*	*	PUNCT
ejge-4284	244	4	*	*	PUNCT
ejge-4284	244	5	0.087	0.087	NUM
ejge-4284	244	6	*	*	NOUN
ejge-4284	244	7	*	*	PROPN
ejge-4284	244	8	0.087	0.087	NUM
ejge-4284	244	9	real	real	ADJ
ejge-4284	244	10	exchange	exchange	NOUN
ejge-4284	244	11	rate	rate	NOUN
ejge-4284	244	12	0.037	0.037	NUM
ejge-4284	244	13	*	*	NOUN
ejge-4284	244	14	0.043	0.043	NUM
ejge-4284	244	15	*	*	X
ejge-4284	244	16	*	*	PUNCT
ejge-4284	244	17	0.046	0.046	NUM
ejge-4284	244	18	*	*	X
ejge-4284	244	19	*	*	PUNCT
ejge-4284	244	20	0.020	0.020	NUM
ejge-4284	244	21	0.036	0.036	NUM
ejge-4284	244	22	*	*	PUNCT
ejge-4284	244	23	0.028	0.028	NUM
ejge-4284	244	24	0.031	0.031	NUM
ejge-4284	244	25	0.035	0.035	NUM
ejge-4284	244	26	*	*	PUNCT
ejge-4284	244	27	0.036	0.036	NUM
ejge-4284	244	28	*	*	NOUN
ejge-4284	244	29	0.122	0.122	NUM
ejge-4284	244	30	*	*	PUNCT
ejge-4284	244	31	*	*	PUNCT
ejge-4284	244	32	*	*	PUNCT
ejge-4284	244	33	gdp	gdp	NOUN
ejge-4284	244	34	growth	growth	NOUN
ejge-4284	244	35	-0.221	-0.221	PROPN
ejge-4284	244	36	*	*	PUNCT
ejge-4284	244	37	-0.228	-0.228	PROPN
ejge-4284	244	38	*	*	PUNCT
ejge-4284	244	39	*	*	PUNCT
ejge-4284	244	40	-0.209	-0.209	NOUN
ejge-4284	244	41	*	*	PUNCT
ejge-4284	244	42	-0.058	-0.058	X
ejge-4284	244	43	-0.224	-0.224	PUNCT
ejge-4284	244	44	*	*	PUNCT
ejge-4284	244	45	-0.212	-0.212	PROPN
ejge-4284	244	46	*	*	PUNCT
ejge-4284	244	47	-0.211	-0.211	NOUN
ejge-4284	244	48	*	*	PUNCT
ejge-4284	244	49	-0.263	-0.263	PUNCT
ejge-4284	244	50	*	*	PUNCT
ejge-4284	244	51	*	*	PUNCT
ejge-4284	244	52	-0.221	-0.221	NOUN
ejge-4284	244	53	*	*	SYM
ejge-4284	244	54	0.002	0.002	NUM
ejge-4284	244	55	inflation	inflation	NOUN
ejge-4284	244	56	0.104	0.104	NUM
ejge-4284	244	57	*	*	PUNCT
ejge-4284	244	58	*	*	PUNCT
ejge-4284	244	59	0.116	0.116	NUM
ejge-4284	244	60	*	*	PUNCT
ejge-4284	244	61	*	*	PUNCT
ejge-4284	244	62	0.125	0.125	NUM
ejge-4284	244	63	*	*	NOUN
ejge-4284	244	64	*	*	PUNCT
ejge-4284	244	65	0.146	0.146	NUM
ejge-4284	244	66	*	*	PUNCT
ejge-4284	244	67	*	*	PUNCT
ejge-4284	244	68	*	*	PUNCT
ejge-4284	244	69	0.105	0.105	NUM
ejge-4284	244	70	*	*	NOUN
ejge-4284	244	71	*	*	PUNCT
ejge-4284	244	72	0.111	0.111	NUM
ejge-4284	244	73	*	*	PUNCT
ejge-4284	244	74	*	*	PUNCT
ejge-4284	244	75	0.100	0.100	NUM
ejge-4284	244	76	*	*	PUNCT
ejge-4284	244	77	*	*	NOUN
ejge-4284	244	78	0.087	0.087	NUM
ejge-4284	244	79	0.100	0.100	NUM
ejge-4284	244	80	*	*	NUM
ejge-4284	244	81	0.209	0.209	NUM
ejge-4284	244	82	consolidation	consolidation	NOUN
ejge-4284	244	83	composition	composition	NOUN
ejge-4284	244	84	:	:	PUNCT
ejge-4284	244	85	expenditure	expenditure	NOUN
ejge-4284	244	86	share	share	NOUN
ejge-4284	244	87	0.001	0.001	NUM
ejge-4284	244	88	revenue	revenue	NOUN
ejge-4284	244	89	share	share	NOUN
ejge-4284	244	90	-0.003	-0.003	PUNCT
ejge-4284	244	91	temporary	temporary	ADJ
ejge-4284	244	92	measures	measure	NOUN
ejge-4284	244	93	share	share	VERB
ejge-4284	244	94	0.012	0.012	NUM
ejge-4284	244	95	*	*	NOUN
ejge-4284	244	96	*	*	PUNCT
ejge-4284	244	97	track	track	NOUN
ejge-4284	244	98	record	record	NOUN
ejge-4284	244	99	in	in	ADP
ejge-4284	244	100	consolidation	consolidation	NOUN
ejge-4284	244	101	0.032	0.032	NUM
ejge-4284	244	102	intensity	intensity	NOUN
ejge-4284	244	103	of	of	ADP
ejge-4284	244	104	consolidation	consolidation	NOUN
ejge-4284	244	105	2.461	2.461	NUM
ejge-4284	244	106	*	*	PUNCT
ejge-4284	244	107	*	*	PUNCT
ejge-4284	244	108	*	*	PUNCT
ejge-4284	244	109	frontloading	frontloade	VERB
ejge-4284	244	110	0.150	0.150	NUM
ejge-4284	244	111	change	change	NOUN
ejge-4284	244	112	in	in	ADP
ejge-4284	244	113	debt	debt	NOUN
ejge-4284	244	114	0.024	0.024	NUM
ejge-4284	244	115	election	election	NOUN
ejge-4284	244	116	0.172	0.172	NUM
ejge-4284	244	117	fiscal	fiscal	ADJ
ejge-4284	244	118	rules	rule	NOUN
ejge-4284	244	119	0.411	0.411	NUM
ejge-4284	244	120	*	*	PUNCT
ejge-4284	244	121	constant	constant	ADJ
ejge-4284	244	122	-6.055	-6.055	NOUN
ejge-4284	244	123	*	*	PUNCT
ejge-4284	244	124	*	*	PUNCT
ejge-4284	244	125	*	*	PUNCT
ejge-4284	244	126	-6.585	-6.585	PUNCT
ejge-4284	245	1	*	*	PUNCT
ejge-4284	245	2	*	*	PUNCT
ejge-4284	245	3	*	*	PUNCT
ejge-4284	246	1	-6.694	-6.694	ADJ
ejge-4284	246	2	*	*	PUNCT
ejge-4284	246	3	*	*	PUNCT
ejge-4284	246	4	*	*	PUNCT
ejge-4284	246	5	-5.234	-5.234	VERB
ejge-4284	246	6	*	*	PUNCT
ejge-4284	246	7	*	*	PUNCT
ejge-4284	246	8	-6.049	-6.049	NOUN
ejge-4284	246	9	*	*	PUNCT
ejge-4284	246	10	*	*	PUNCT
ejge-4284	246	11	*	*	PUNCT
ejge-4284	246	12	-5.689	-5.689	PUNCT
ejge-4284	246	13	*	*	PUNCT
ejge-4284	246	14	*	*	PUNCT
ejge-4284	246	15	*	*	PUNCT
ejge-4284	247	1	-5.462	-5.462	ADJ
ejge-4284	247	2	*	*	PUNCT
ejge-4284	247	3	*	*	PUNCT
ejge-4284	247	4	-5.634	-5.634	PUNCT
ejge-4284	247	5	*	*	PUNCT
ejge-4284	247	6	*	*	PUNCT
ejge-4284	247	7	-6.052	-6.052	PUNCT
ejge-4284	247	8	*	*	PUNCT
ejge-4284	247	9	*	*	PUNCT
ejge-4284	247	10	*	*	PUNCT
ejge-4284	247	11	-16.100	-16.100	PROPN
ejge-4284	247	12	*	*	PUNCT
ejge-4284	247	13	*	*	PUNCT
ejge-4284	247	14	*	*	PUNCT
ejge-4284	247	15	number	number	NOUN
ejge-4284	247	16	observations	observation	NOUN
ejge-4284	247	17	210	210	NUM
ejge-4284	247	18	200	200	NUM
ejge-4284	247	19	200	200	NUM
ejge-4284	247	20	173	173	NUM
ejge-4284	247	21	210	210	NUM
ejge-4284	247	22	200	200	NUM
ejge-4284	247	23	210	210	NUM
ejge-4284	247	24	195	195	NUM
ejge-4284	247	25	210	210	NUM
ejge-4284	247	26	96	96	NUM
ejge-4284	247	27	number	number	NOUN
ejge-4284	247	28	of	of	ADP
ejge-4284	247	29	countries	country	NOUN
ejge-4284	247	30	19	19	NUM
ejge-4284	247	31	19	19	NUM
ejge-4284	247	32	19	19	NUM
ejge-4284	247	33	18	18	NUM
ejge-4284	247	34	19	19	NUM
ejge-4284	247	35	19	19	NUM
ejge-4284	247	36	19	19	NUM
ejge-4284	247	37	19	19	NUM
ejge-4284	247	38	19	19	NUM
ejge-4284	247	39	13	13	NUM
ejge-4284	247	40	number	number	NOUN
ejge-4284	247	41	of	of	ADP
ejge-4284	247	42	consolidations	consolidation	NOUN
ejge-4284	247	43	51	51	NUM
ejge-4284	247	44	51	51	NUM
ejge-4284	247	45	51	51	NUM
ejge-4284	247	46	44	44	NUM
ejge-4284	247	47	51	51	NUM
ejge-4284	247	48	51	51	NUM
ejge-4284	247	49	51	51	NUM
ejge-4284	247	50	49	49	NUM
ejge-4284	247	51	51	51	NUM
ejge-4284	247	52	22	22	NUM
ejge-4284	247	53	adjusted	adjust	VERB
ejge-4284	247	54	-	-	PUNCT
ejge-4284	247	55	r	r	NOUN
ejge-4284	247	56	-	-	PUNCT
ejge-4284	247	57	squared	square	VERB
ejge-4284	247	58	0.394	0.394	NUM
ejge-4284	247	59	0.393	0.393	NUM
ejge-4284	247	60	0.404	0.404	NUM
ejge-4284	247	61	0.472	0.472	NUM
ejge-4284	247	62	0.385	0.385	NUM
ejge-4284	247	63	0.476	0.476	NUM
ejge-4284	247	64	0.395	0.395	NUM
ejge-4284	247	65	0.384	0.384	NUM
ejge-4284	247	66	0.387	0.387	NUM
ejge-4284	247	67	0.627	0.627	NUM
ejge-4284	247	68	notes	note	VERB
ejge-4284	247	69	:	:	PUNCT
ejge-4284	247	70	*	*	PUNCT
ejge-4284	247	71	*	*	PUNCT
ejge-4284	247	72	*	*	PUNCT
ejge-4284	247	73	,	,	PUNCT
ejge-4284	247	74	*	*	PUNCT
ejge-4284	247	75	*	*	PUNCT
ejge-4284	247	76	and	and	CCONJ
ejge-4284	247	77	*	*	PUNCT
ejge-4284	247	78	indicate	indicate	VERB
ejge-4284	247	79	significance	significance	NOUN
ejge-4284	247	80	at	at	ADP
ejge-4284	247	81	the	the	DET
ejge-4284	247	82	1	1	NUM
ejge-4284	247	83	%	%	NOUN
ejge-4284	247	84	.	.	PUNCT
ejge-4284	248	1	5	5	NUM
ejge-4284	248	2	%	%	NOUN
ejge-4284	248	3	and	and	CCONJ
ejge-4284	248	4	10	10	NUM
ejge-4284	248	5	%	%	NOUN
ejge-4284	248	6	level	level	NOUN
ejge-4284	248	7	,	,	PUNCT
ejge-4284	248	8	respectively	respectively	ADV
ejge-4284	248	9	.	.	PUNCT
ejge-4284	249	1	each	each	DET
ejge-4284	249	2	variable	variable	NOUN
ejge-4284	249	3	is	be	AUX
ejge-4284	249	4	measured	measure	VERB
ejge-4284	249	5	in	in	ADP
ejge-4284	249	6	the	the	DET
ejge-4284	249	7	year	year	NOUN
ejge-4284	249	8	before	before	SCONJ
ejge-4284	249	9	the	the	DET
ejge-4284	249	10	consolidation	consolidation	NOUN
ejge-4284	249	11	begins	begin	VERB
ejge-4284	249	12	.	.	PUNCT
ejge-4284	250	1	the	the	DET
ejge-4284	250	2	“	"	PUNCT
ejge-4284	250	3	duration	duration	NOUN
ejge-4284	250	4	of	of	ADP
ejge-4284	250	5	the	the	DET
ejge-4284	250	6	episode	episode	NOUN
ejge-4284	250	7	”	"	PUNCT
ejge-4284	250	8	reports	report	VERB
ejge-4284	250	9	the	the	DET
ejge-4284	250	10	value	value	NOUN
ejge-4284	250	11	of	of	ADP
ejge-4284	250	12	the	the	DET
ejge-4284	250	13	weibull	weibull	PROPN
ejge-4284	250	14	parameter	parameter	NOUN
ejge-4284	250	15	that	that	PRON
ejge-4284	250	16	governs	govern	VERB
ejge-4284	250	17	the	the	DET
ejge-4284	250	18	shape	shape	NOUN
ejge-4284	250	19	of	of	ADP
ejge-4284	250	20	the	the	DET
ejge-4284	250	21	hazard	hazard	NOUN
ejge-4284	250	22	function	function	NOUN
ejge-4284	250	23	.	.	PUNCT
ejge-4284	251	1	the	the	DET
ejge-4284	251	2	coefficients	coefficient	NOUN
ejge-4284	251	3	are	be	AUX
ejge-4284	251	4	reported	report	VERB
ejge-4284	251	5	as	as	ADP
ejge-4284	251	6	hazard	hazard	NOUN
ejge-4284	251	7	ratios	ratio	NOUN
ejge-4284	251	8	–	–	PUNCT
ejge-4284	251	9	a	a	DET
ejge-4284	251	10	coefficient	coefficient	NOUN
ejge-4284	251	11	greater	great	ADJ
ejge-4284	251	12	than	than	ADP
ejge-4284	251	13	zero	zero	NUM
ejge-4284	251	14	indicates	indicate	VERB
ejge-4284	251	15	that	that	SCONJ
ejge-4284	251	16	an	an	DET
ejge-4284	251	17	increase	increase	NOUN
ejge-4284	251	18	in	in	ADP
ejge-4284	251	19	the	the	DET
ejge-4284	251	20	explanatory	explanatory	ADJ
ejge-4284	251	21	variable	variable	NOUN
ejge-4284	251	22	increases	increase	VERB
ejge-4284	251	23	the	the	DET
ejge-4284	251	24	hazard	hazard	NOUN
ejge-4284	251	25	rate	rate	NOUN
ejge-4284	251	26	(	(	PUNCT
ejge-4284	251	27	the	the	DET
ejge-4284	251	28	conditional	conditional	ADJ
ejge-4284	251	29	probability	probability	NOUN
ejge-4284	251	30	of	of	ADP
ejge-4284	251	31	a	a	DET
ejge-4284	251	32	consolidation	consolidation	NOUN
ejge-4284	251	33	coming	come	VERB
ejge-4284	251	34	to	to	ADP
ejge-4284	251	35	an	an	DET
ejge-4284	251	36	end	end	NOUN
ejge-4284	251	37	)	)	PUNCT
ejge-4284	251	38	.	.	PUNCT
ejge-4284	252	1	we	we	PRON
ejge-4284	252	2	also	also	ADV
ejge-4284	252	3	report	report	VERB
ejge-4284	252	4	a	a	DET
ejge-4284	252	5	measure	measure	NOUN
ejge-4284	252	6	of	of	ADP
ejge-4284	252	7	explained	explain	VERB
ejge-4284	252	8	variation	variation	NOUN
ejge-4284	252	9	,	,	PUNCT
ejge-4284	252	10	an	an	DET
ejge-4284	252	11	adjusted	adjusted	ADJ
ejge-4284	252	12	r	r	NOUN
ejge-4284	252	13	-	-	PUNCT
ejge-4284	252	14	squared	square	VERB
ejge-4284	252	15	employed	employ	VERB
ejge-4284	252	16	for	for	ADP
ejge-4284	252	17	survival	survival	NOUN
ejge-4284	252	18	models	model	NOUN
ejge-4284	252	19	(	(	PUNCT
ejge-4284	252	20	royston	royston	PROPN
ejge-4284	252	21	(	(	PUNCT
ejge-4284	252	22	2006	2006	NUM
ejge-4284	252	23	)	)	PUNCT
ejge-4284	252	24	)	)	PUNCT
ejge-4284	252	25	.	.	PUNCT
ejge-4284	253	1	having	having	AUX
ejge-4284	253	2	analysed	analyse	VERB
ejge-4284	253	3	the	the	DET
ejge-4284	253	4	macroeconomic	macroeconomic	ADJ
ejge-4284	253	5	backdrop	backdrop	NOUN
ejge-4284	253	6	to	to	PART
ejge-4284	253	7	consolidation	consolidation	VERB
ejge-4284	253	8	episodes	episode	NOUN
ejge-4284	253	9	,	,	PUNCT
ejge-4284	253	10	we	we	PRON
ejge-4284	253	11	turn	turn	VERB
ejge-4284	253	12	to	to	ADP
ejge-4284	253	13	the	the	DET
ejge-4284	253	14	role	role	NOUN
ejge-4284	253	15	of	of	ADP
ejge-4284	253	16	fiscal	fiscal	ADJ
ejge-4284	253	17	policy	policy	NOUN
ejge-4284	253	18	choices	choice	NOUN
ejge-4284	253	19	.	.	PUNCT
ejge-4284	254	1	table	table	NOUN
ejge-4284	254	2	6	6	NUM
ejge-4284	254	3	presents	present	VERB
ejge-4284	254	4	the	the	DET
ejge-4284	254	5	estimations	estimation	NOUN
ejge-4284	254	6	for	for	ADP
ejge-4284	254	7	duration	duration	NOUN
ejge-4284	254	8	of	of	ADP
ejge-4284	254	9	consolidation	consolidation	NOUN
ejge-4284	254	10	,	,	PUNCT
ejge-4284	254	11	again	again	ADV
ejge-4284	254	12	using	use	VERB
ejge-4284	254	13	the	the	DET
ejge-4284	254	14	weibull	weibull	PROPN
ejge-4284	254	15	model	model	NOUN
ejge-4284	254	16	.	.	PUNCT
ejge-4284	255	1	we	we	PRON
ejge-4284	255	2	retain	retain	VERB
ejge-4284	255	3	the	the	DET
ejge-4284	255	4	set	set	NOUN
ejge-4284	255	5	of	of	ADP
ejge-4284	255	6	initial	initial	ADJ
ejge-4284	255	7	conditions	condition	NOUN
ejge-4284	255	8	that	that	PRON
ejge-4284	255	9	proved	prove	VERB
ejge-4284	255	10	to	to	PART
ejge-4284	255	11	be	be	AUX
ejge-4284	255	12	significant	significant	ADJ
ejge-4284	255	13	and	and	CCONJ
ejge-4284	255	14	add	add	VERB
ejge-4284	255	15	different	different	ADJ
ejge-4284	255	16	indicators	indicator	NOUN
ejge-4284	255	17	of	of	ADP
ejge-4284	255	18	fiscal	fiscal	ADJ
ejge-4284	255	19	policy	policy	NOUN
ejge-4284	255	20	,	,	PUNCT
ejge-4284	255	21	including	include	VERB
ejge-4284	255	22	indicators	indicator	NOUN
ejge-4284	255	23	of	of	ADP
ejge-4284	255	24	the	the	DET
ejge-4284	255	25	composition	composition	NOUN
ejge-4284	255	26	of	of	ADP
ejge-4284	255	27	adjustment	adjustment	NOUN
ejge-4284	255	28	,	,	PUNCT
ejge-4284	255	29	the	the	DET
ejge-4284	255	30	temporality	temporality	NOUN
ejge-4284	255	31	of	of	ADP
ejge-4284	255	32	the	the	DET
ejge-4284	255	33	adjustment	adjustment	NOUN
ejge-4284	255	34	,	,	PUNCT
ejge-4284	255	35	the	the	DET
ejge-4284	255	36	size	size	NOUN
ejge-4284	255	37	and	and	CCONJ
ejge-4284	255	38	pace	pace	NOUN
ejge-4284	255	39	of	of	ADP
ejge-4284	255	40	consolidation	consolidation	NOUN
ejge-4284	255	41	and	and	CCONJ
ejge-4284	255	42	the	the	DET
ejge-4284	255	43	strength	strength	NOUN
ejge-4284	255	44	of	of	ADP
ejge-4284	255	45	the	the	DET
ejge-4284	255	46	governance	governance	NOUN
ejge-4284	255	47	framework	framework	NOUN
ejge-4284	255	48	.	.	PUNCT
ejge-4284	256	1	a	a	DET
ejge-4284	256	2	key	key	ADJ
ejge-4284	256	3	finding	finding	NOUN
ejge-4284	256	4	in	in	ADP
ejge-4284	256	5	the	the	DET
ejge-4284	256	6	literature	literature	NOUN
ejge-4284	256	7	is	be	AUX
ejge-4284	256	8	that	that	SCONJ
ejge-4284	256	9	the	the	DET
ejge-4284	256	10	composition	composition	NOUN
ejge-4284	256	11	of	of	ADP
ejge-4284	256	12	consolidation	consolidation	NOUN
ejge-4284	256	13	–	–	PUNCT
ejge-4284	256	14	the	the	DET
ejge-4284	256	15	split	split	NOUN
ejge-4284	256	16	between	between	ADP
ejge-4284	256	17	expenditure	expenditure	NOUN
ejge-4284	256	18	and	and	CCONJ
ejge-4284	256	19	revenue	revenue	NOUN
ejge-4284	256	20	measures	measure	NOUN
ejge-4284	256	21	–	–	PUNCT
ejge-4284	256	22	is	be	AUX
ejge-4284	256	23	important	important	ADJ
ejge-4284	256	24	(	(	PUNCT
ejge-4284	256	25	e.g.	e.g.	ADV
ejge-4284	256	26	maroto	maroto	PROPN
ejge-4284	256	27	illera	illera	PROPN
ejge-4284	256	28	and	and	CCONJ
ejge-4284	256	29	mulas	mulas	PROPN
ejge-4284	256	30	-	-	PUNCT
ejge-4284	256	31	granados	granados	PROPN
ejge-4284	256	32	(	(	PUNCT
ejge-4284	256	33	2008	2008	NUM
ejge-4284	256	34	)	)	PUNCT
ejge-4284	256	35	,	,	PUNCT
ejge-4284	256	36	von	von	PROPN
ejge-4284	256	37	hagen	hagen	PROPN
ejge-4284	256	38	et	et	PROPN
ejge-4284	256	39	al	al	PROPN
ejge-4284	256	40	.	.	PROPN
ejge-4284	257	1	(	(	PUNCT
ejge-4284	257	2	2002	2002	NUM
ejge-4284	257	3	)	)	PUNCT
ejge-4284	257	4	)	)	PUNCT
ejge-4284	257	5	.	.	PUNCT
ejge-4284	258	1	in	in	ADP
ejge-4284	258	2	columns	column	NOUN
ejge-4284	258	3	two	two	NUM
ejge-4284	258	4	and	and	CCONJ
ejge-4284	258	5	three	three	NUM
ejge-4284	258	6	we	we	PRON
ejge-4284	258	7	add	add	VERB
ejge-4284	258	8	variables	variable	NOUN
ejge-4284	258	9	that	that	PRON
ejge-4284	258	10	indicate	indicate	VERB
ejge-4284	258	11	the	the	DET
ejge-4284	258	12	proportion	proportion	NOUN
ejge-4284	258	13	of	of	ADP
ejge-4284	258	14	deficit	deficit	NOUN
ejge-4284	258	15	reduction	reduction	NOUN
ejge-4284	258	16	during	during	ADP
ejge-4284	258	17	the	the	DET
ejge-4284	258	18	consolidation	consolidation	NOUN
ejge-4284	258	19	phase	phase	NOUN
ejge-4284	258	20	accounted	account	VERB
ejge-4284	258	21	for	for	ADP
ejge-4284	258	22	by	by	ADP
ejge-4284	258	23	changes	change	NOUN
ejge-4284	258	24	in	in	ADP
ejge-4284	258	25	current	current	ADJ
ejge-4284	258	26	expenditure	expenditure	NOUN
ejge-4284	258	27	,	,	PUNCT
ejge-4284	258	28	and	and	CCONJ
ejge-4284	258	29	current	current	ADJ
ejge-4284	258	30	revenue	revenue	NOUN
ejge-4284	258	31	.	.	PUNCT
ejge-4284	259	1	in	in	ADP
ejge-4284	259	2	contrast	contrast	NOUN
ejge-4284	259	3	to	to	ADP
ejge-4284	259	4	several	several	ADJ
ejge-4284	259	5	studies	study	NOUN
ejge-4284	259	6	in	in	ADP
ejge-4284	259	7	the	the	DET
ejge-4284	259	8	literature	literature	NOUN
ejge-4284	259	9	,	,	PUNCT
ejge-4284	259	10	we	we	PRON
ejge-4284	259	11	find	find	VERB
ejge-4284	259	12	the	the	DET
ejge-4284	259	13	coefficients	coefficient	NOUN
ejge-4284	259	14	on	on	ADP
ejge-4284	259	15	the	the	DET
ejge-4284	259	16	composition	composition	NOUN
ejge-4284	259	17	variables	variable	NOUN
ejge-4284	259	18	to	to	PART
ejge-4284	259	19	be	be	AUX
ejge-4284	259	20	insignificant	insignificant	ADJ
ejge-4284	259	21	.	.	PUNCT
ejge-4284	260	1	once	once	SCONJ
ejge-4284	260	2	we	we	PRON
ejge-4284	260	3	have	have	AUX
ejge-4284	260	4	accounted	account	VERB
ejge-4284	260	5	for	for	ADP
ejge-4284	260	6	the	the	DET
ejge-4284	260	7	role	role	NOUN
ejge-4284	260	8	lodge	lodge	NOUN
ejge-4284	260	9	and	and	CCONJ
ejge-4284	260	10	rodríguez	rodríguez	NOUN
ejge-4284	260	11	-	-	PUNCT
ejge-4284	260	12	vives	vive	NOUN
ejge-4284	260	13	●	●	PUNCT
ejge-4284	260	14	how	how	SCONJ
ejge-4284	260	15	long	long	ADV
ejge-4284	260	16	can	can	AUX
ejge-4284	260	17	austerity	austerity	NOUN
ejge-4284	260	18	persist	persist	VERB
ejge-4284	260	19	?	?	PUNCT
ejge-4284	261	1	19	19	NUM
ejge-4284	261	2	of	of	ADP
ejge-4284	261	3	initial	initial	ADJ
ejge-4284	261	4	macroeconomic	macroeconomic	ADJ
ejge-4284	261	5	conditions	condition	NOUN
ejge-4284	261	6	,	,	PUNCT
ejge-4284	261	7	the	the	DET
ejge-4284	261	8	composition	composition	NOUN
ejge-4284	261	9	of	of	ADP
ejge-4284	261	10	the	the	DET
ejge-4284	261	11	fiscal	fiscal	ADJ
ejge-4284	261	12	adjustment	adjustment	NOUN
ejge-4284	261	13	–	–	PUNCT
ejge-4284	261	14	the	the	DET
ejge-4284	261	15	split	split	NOUN
ejge-4284	261	16	between	between	ADP
ejge-4284	261	17	revenue	revenue	NOUN
ejge-4284	261	18	and	and	CCONJ
ejge-4284	261	19	expenditure	expenditure	NOUN
ejge-4284	261	20	measures	measure	NOUN
ejge-4284	261	21	–	–	PUNCT
ejge-4284	261	22	does	do	AUX
ejge-4284	261	23	not	not	PART
ejge-4284	261	24	appear	appear	VERB
ejge-4284	261	25	to	to	PART
ejge-4284	261	26	be	be	AUX
ejge-4284	261	27	a	a	DET
ejge-4284	261	28	significant	significant	ADJ
ejge-4284	261	29	determinant	determinant	NOUN
ejge-4284	261	30	of	of	ADP
ejge-4284	261	31	the	the	DET
ejge-4284	261	32	duration	duration	NOUN
ejge-4284	261	33	of	of	ADP
ejge-4284	261	34	consolidation.13	consolidation.13	PROPN
ejge-4284	261	35	but	but	CCONJ
ejge-4284	261	36	the	the	DET
ejge-4284	261	37	dimension	dimension	NOUN
ejge-4284	261	38	that	that	PRON
ejge-4284	261	39	does	do	AUX
ejge-4284	261	40	appear	appear	VERB
ejge-4284	261	41	to	to	PART
ejge-4284	261	42	play	play	VERB
ejge-4284	261	43	a	a	DET
ejge-4284	261	44	role	role	NOUN
ejge-4284	261	45	is	be	AUX
ejge-4284	261	46	the	the	DET
ejge-4284	261	47	durability	durability	NOUN
ejge-4284	261	48	of	of	ADP
ejge-4284	261	49	the	the	DET
ejge-4284	261	50	adjustment	adjustment	NOUN
ejge-4284	261	51	.	.	PUNCT
ejge-4284	262	1	our	our	PRON
ejge-4284	262	2	evidence	evidence	NOUN
ejge-4284	262	3	suggests	suggest	VERB
ejge-4284	262	4	that	that	SCONJ
ejge-4284	262	5	consolidations	consolidation	NOUN
ejge-4284	262	6	lasted	last	VERB
ejge-4284	262	7	longer	long	ADV
ejge-4284	262	8	when	when	SCONJ
ejge-4284	262	9	one	one	NUM
ejge-4284	262	10	-	-	PUNCT
ejge-4284	262	11	off	off	ADP
ejge-4284	262	12	measures	measure	NOUN
ejge-4284	262	13	played	play	VERB
ejge-4284	262	14	a	a	DET
ejge-4284	262	15	smaller	small	ADJ
ejge-4284	262	16	role	role	NOUN
ejge-4284	262	17	(	(	PUNCT
ejge-4284	262	18	column	column	NOUN
ejge-4284	262	19	4	4	NUM
ejge-4284	262	20	)	)	PUNCT
ejge-4284	262	21	.	.	PUNCT
ejge-4284	263	1	one	one	NUM
ejge-4284	263	2	explanation	explanation	NOUN
ejge-4284	263	3	is	be	AUX
ejge-4284	263	4	that	that	SCONJ
ejge-4284	263	5	the	the	DET
ejge-4284	263	6	key	key	NOUN
ejge-4284	263	7	to	to	ADP
ejge-4284	263	8	successful	successful	ADJ
ejge-4284	263	9	consolidation	consolidation	NOUN
ejge-4284	263	10	efforts	effort	NOUN
ejge-4284	263	11	is	be	AUX
ejge-4284	263	12	linked	link	VERB
ejge-4284	263	13	to	to	ADP
ejge-4284	263	14	the	the	DET
ejge-4284	263	15	commitment	commitment	NOUN
ejge-4284	263	16	of	of	ADP
ejge-4284	263	17	the	the	DET
ejge-4284	263	18	government	government	NOUN
ejge-4284	263	19	in	in	ADP
ejge-4284	263	20	approaching	approach	VERB
ejge-4284	263	21	the	the	DET
ejge-4284	263	22	task	task	NOUN
ejge-4284	263	23	,	,	PUNCT
ejge-4284	263	24	seeking	seek	VERB
ejge-4284	263	25	for	for	ADP
ejge-4284	263	26	a	a	DET
ejge-4284	263	27	permanent	permanent	ADJ
ejge-4284	263	28	rather	rather	ADV
ejge-4284	263	29	than	than	ADP
ejge-4284	263	30	a	a	DET
ejge-4284	263	31	temporary	temporary	ADJ
ejge-4284	263	32	change	change	NOUN
ejge-4284	263	33	to	to	ADP
ejge-4284	263	34	the	the	DET
ejge-4284	263	35	fiscal	fiscal	ADJ
ejge-4284	263	36	position.14	position.14	NOUN
ejge-4284	263	37	the	the	DET
ejge-4284	263	38	results	result	NOUN
ejge-4284	263	39	for	for	ADP
ejge-4284	263	40	other	other	ADJ
ejge-4284	263	41	features	feature	NOUN
ejge-4284	263	42	of	of	ADP
ejge-4284	263	43	fiscal	fiscal	ADJ
ejge-4284	263	44	policy	policy	NOUN
ejge-4284	263	45	choices	choice	NOUN
ejge-4284	263	46	are	be	AUX
ejge-4284	263	47	generally	generally	ADV
ejge-4284	263	48	in	in	ADP
ejge-4284	263	49	line	line	NOUN
ejge-4284	263	50	with	with	ADP
ejge-4284	263	51	the	the	DET
ejge-4284	263	52	literature	literature	NOUN
ejge-4284	263	53	.	.	PUNCT
ejge-4284	264	1	we	we	PRON
ejge-4284	264	2	find	find	VERB
ejge-4284	264	3	that	that	SCONJ
ejge-4284	264	4	the	the	DET
ejge-4284	264	5	intensity	intensity	NOUN
ejge-4284	264	6	of	of	ADP
ejge-4284	264	7	deficit	deficit	NOUN
ejge-4284	264	8	reduction	reduction	NOUN
ejge-4284	264	9	–	–	PUNCT
ejge-4284	264	10	the	the	DET
ejge-4284	264	11	average	average	ADJ
ejge-4284	264	12	pace	pace	NOUN
ejge-4284	264	13	of	of	ADP
ejge-4284	264	14	improvement	improvement	NOUN
ejge-4284	264	15	in	in	ADP
ejge-4284	264	16	the	the	DET
ejge-4284	264	17	capb	capb	NOUN
ejge-4284	264	18	over	over	ADP
ejge-4284	264	19	the	the	DET
ejge-4284	264	20	consolidation	consolidation	NOUN
ejge-4284	264	21	episode	episode	NOUN
ejge-4284	264	22	–	–	PUNCT
ejge-4284	264	23	is	be	AUX
ejge-4284	264	24	significant	significant	ADJ
ejge-4284	264	25	.	.	PUNCT
ejge-4284	265	1	longerlasting	longerlaste	VERB
ejge-4284	265	2	consolidation	consolidation	NOUN
ejge-4284	265	3	episodes	episode	NOUN
ejge-4284	265	4	were	be	AUX
ejge-4284	265	5	based	base	VERB
ejge-4284	265	6	on	on	ADP
ejge-4284	265	7	rather	rather	ADV
ejge-4284	265	8	gradual	gradual	ADJ
ejge-4284	265	9	improvements	improvement	NOUN
ejge-4284	265	10	in	in	ADP
ejge-4284	265	11	government	government	NOUN
ejge-4284	265	12	deficit	deficit	NOUN
ejge-4284	265	13	positions	position	NOUN
ejge-4284	265	14	.	.	PUNCT
ejge-4284	266	1	however	however	ADV
ejge-4284	266	2	,	,	PUNCT
ejge-4284	266	3	we	we	PRON
ejge-4284	266	4	find	find	VERB
ejge-4284	266	5	no	no	DET
ejge-4284	266	6	evidence	evidence	NOUN
ejge-4284	266	7	that	that	SCONJ
ejge-4284	266	8	the	the	DET
ejge-4284	266	9	amount	amount	NOUN
ejge-4284	266	10	of	of	ADP
ejge-4284	266	11	frontloading	frontloading	NOUN
ejge-4284	266	12	of	of	ADP
ejge-4284	266	13	the	the	DET
ejge-4284	266	14	consolidation	consolidation	NOUN
ejge-4284	266	15	effort	effort	NOUN
ejge-4284	266	16	is	be	AUX
ejge-4284	266	17	a	a	DET
ejge-4284	266	18	signal	signal	NOUN
ejge-4284	266	19	of	of	ADP
ejge-4284	266	20	greater	great	ADJ
ejge-4284	266	21	willingness	willingness	NOUN
ejge-4284	266	22	or	or	CCONJ
ejge-4284	266	23	ability	ability	NOUN
ejge-4284	266	24	to	to	PART
ejge-4284	266	25	sustain	sustain	VERB
ejge-4284	266	26	consolidation	consolidation	NOUN
ejge-4284	266	27	efforts	effort	NOUN
ejge-4284	266	28	for	for	ADP
ejge-4284	266	29	longer	long	ADJ
ejge-4284	266	30	.	.	PUNCT
ejge-4284	267	1	neither	neither	CCONJ
ejge-4284	267	2	do	do	AUX
ejge-4284	267	3	we	we	PRON
ejge-4284	267	4	find	find	VERB
ejge-4284	267	5	a	a	DET
ejge-4284	267	6	significant	significant	ADJ
ejge-4284	267	7	role	role	NOUN
ejge-4284	267	8	for	for	ADP
ejge-4284	267	9	a	a	DET
ejge-4284	267	10	country	country	NOUN
ejge-4284	267	11	’s	’s	PART
ejge-4284	267	12	track	track	NOUN
ejge-4284	267	13	record	record	NOUN
ejge-4284	267	14	of	of	ADP
ejge-4284	267	15	consolidation	consolidation	NOUN
ejge-4284	267	16	.	.	PUNCT
ejge-4284	268	1	elections	election	NOUN
ejge-4284	268	2	do	do	AUX
ejge-4284	268	3	not	not	PART
ejge-4284	268	4	appear	appear	VERB
ejge-4284	268	5	to	to	PART
ejge-4284	268	6	signal	signal	VERB
ejge-4284	268	7	the	the	DET
ejge-4284	268	8	end	end	NOUN
ejge-4284	268	9	of	of	ADP
ejge-4284	268	10	a	a	DET
ejge-4284	268	11	consolidation	consolidation	NOUN
ejge-4284	268	12	episode	episode	NOUN
ejge-4284	268	13	.	.	PUNCT
ejge-4284	269	1	examining	examine	VERB
ejge-4284	269	2	the	the	DET
ejge-4284	269	3	robustness	robustness	NOUN
ejge-4284	269	4	of	of	ADP
ejge-4284	269	5	the	the	DET
ejge-4284	269	6	results	result	NOUN
ejge-4284	269	7	to	to	PART
ejge-4284	269	8	assess	assess	VERB
ejge-4284	269	9	the	the	DET
ejge-4284	269	10	robustness	robustness	NOUN
ejge-4284	269	11	of	of	ADP
ejge-4284	269	12	the	the	DET
ejge-4284	269	13	results	result	NOUN
ejge-4284	269	14	we	we	PRON
ejge-4284	269	15	checked	check	VERB
ejge-4284	269	16	variations	variation	NOUN
ejge-4284	269	17	to	to	ADP
ejge-4284	269	18	the	the	DET
ejge-4284	269	19	definition	definition	NOUN
ejge-4284	269	20	of	of	ADP
ejge-4284	269	21	consolidation	consolidation	NOUN
ejge-4284	269	22	:	:	PUNCT
ejge-4284	269	23	first	first	ADV
ejge-4284	269	24	,	,	PUNCT
ejge-4284	269	25	we	we	PRON
ejge-4284	269	26	included	include	VERB
ejge-4284	269	27	in	in	ADP
ejge-4284	269	28	the	the	DET
ejge-4284	269	29	sample	sample	NOUN
ejge-4284	269	30	consolidation	consolidation	NOUN
ejge-4284	269	31	periods	period	NOUN
ejge-4284	269	32	lasting	last	VERB
ejge-4284	269	33	only	only	ADV
ejge-4284	269	34	one	one	NUM
ejge-4284	269	35	year	year	NOUN
ejge-4284	269	36	;	;	PUNCT
ejge-4284	269	37	second	second	X
ejge-4284	269	38	we	we	PRON
ejge-4284	269	39	specified	specify	VERB
ejge-4284	269	40	a	a	DET
ejge-4284	269	41	higher	high	ADJ
ejge-4284	269	42	starting	starting	NOUN
ejge-4284	269	43	hurdle	hurdle	NOUN
ejge-4284	269	44	–	–	PUNCT
ejge-4284	269	45	i.e.	i.e.	X
ejge-4284	269	46	a	a	DET
ejge-4284	269	47	greater	great	ADJ
ejge-4284	269	48	initial	initial	ADJ
ejge-4284	269	49	change	change	NOUN
ejge-4284	269	50	in	in	ADP
ejge-4284	269	51	the	the	DET
ejge-4284	269	52	fiscal	fiscal	ADJ
ejge-4284	269	53	position	position	NOUN
ejge-4284	269	54	(	(	PUNCT
ejge-4284	269	55	of	of	ADP
ejge-4284	269	56	at	at	ADV
ejge-4284	269	57	least	least	ADV
ejge-4284	269	58	1.5	1.5	NUM
ejge-4284	269	59	%	%	NOUN
ejge-4284	269	60	in	in	ADP
ejge-4284	269	61	the	the	DET
ejge-4284	269	62	first	first	ADJ
ejge-4284	269	63	two	two	NUM
ejge-4284	269	64	years	year	NOUN
ejge-4284	269	65	)	)	PUNCT
ejge-4284	269	66	;	;	PUNCT
ejge-4284	269	67	third	third	ADV
ejge-4284	269	68	we	we	PRON
ejge-4284	269	69	allowed	allow	VERB
ejge-4284	269	70	for	for	ADP
ejge-4284	269	71	more	more	ADV
ejge-4284	269	72	gradual	gradual	ADJ
ejge-4284	269	73	deficit	deficit	NOUN
ejge-4284	269	74	reductions	reduction	NOUN
ejge-4284	269	75	to	to	PART
ejge-4284	269	76	qualify	qualify	VERB
ejge-4284	269	77	,	,	PUNCT
ejge-4284	269	78	with	with	ADP
ejge-4284	269	79	a	a	DET
ejge-4284	269	80	lower	low	ADJ
ejge-4284	269	81	initial	initial	ADJ
ejge-4284	269	82	threshold	threshold	NOUN
ejge-4284	269	83	(	(	PUNCT
ejge-4284	269	84	only	only	ADV
ejge-4284	269	85	0.5	0.5	NUM
ejge-4284	269	86	%	%	NOUN
ejge-4284	269	87	over	over	ADP
ejge-4284	269	88	the	the	DET
ejge-4284	269	89	first	first	ADJ
ejge-4284	269	90	two	two	NUM
ejge-4284	269	91	years	year	NOUN
ejge-4284	269	92	)	)	PUNCT
ejge-4284	269	93	.	.	PUNCT
ejge-4284	270	1	these	these	DET
ejge-4284	270	2	alternative	alternative	ADJ
ejge-4284	270	3	definitions	definition	NOUN
ejge-4284	270	4	yielded	yield	VERB
ejge-4284	270	5	respectively	respectively	ADV
ejge-4284	270	6	101	101	NUM
ejge-4284	270	7	,	,	PUNCT
ejge-4284	270	8	76	76	NUM
ejge-4284	270	9	and	and	CCONJ
ejge-4284	270	10	52	52	NUM
ejge-4284	270	11	consolidation	consolidation	NOUN
ejge-4284	270	12	episodes	episode	NOUN
ejge-4284	270	13	.	.	PUNCT
ejge-4284	271	1	in	in	ADP
ejge-4284	271	2	general	general	ADJ
ejge-4284	271	3	,	,	PUNCT
ejge-4284	271	4	in	in	ADP
ejge-4284	271	5	neither	neither	DET
ejge-4284	271	6	case	case	NOUN
ejge-4284	271	7	did	do	AUX
ejge-4284	271	8	we	we	PRON
ejge-4284	271	9	see	see	VERB
ejge-4284	271	10	large	large	ADJ
ejge-4284	271	11	changes	change	NOUN
ejge-4284	271	12	to	to	ADP
ejge-4284	271	13	our	our	PRON
ejge-4284	271	14	findings	finding	NOUN
ejge-4284	271	15	.	.	PUNCT
ejge-4284	272	1	most	most	ADJ
ejge-4284	272	2	variables	variable	NOUN
ejge-4284	272	3	that	that	PRON
ejge-4284	272	4	were	be	AUX
ejge-4284	272	5	significant	significant	ADJ
ejge-4284	272	6	using	use	VERB
ejge-4284	272	7	our	our	PRON
ejge-4284	272	8	main	main	ADJ
ejge-4284	272	9	definition	definition	NOUN
ejge-4284	272	10	were	be	AUX
ejge-4284	272	11	also	also	ADV
ejge-4284	272	12	significant	significant	ADJ
ejge-4284	272	13	under	under	ADP
ejge-4284	272	14	these	these	DET
ejge-4284	272	15	alternative	alternative	ADJ
ejge-4284	272	16	specifications	specification	NOUN
ejge-4284	272	17	.	.	PUNCT
ejge-4284	273	1	in	in	ADP
ejge-4284	273	2	particular	particular	ADJ
ejge-4284	273	3	,	,	PUNCT
ejge-4284	273	4	we	we	PRON
ejge-4284	273	5	still	still	ADV
ejge-4284	273	6	find	find	VERB
ejge-4284	273	7	a	a	DET
ejge-4284	273	8	strong	strong	ADJ
ejge-4284	273	9	role	role	NOUN
ejge-4284	273	10	for	for	ADP
ejge-4284	273	11	the	the	DET
ejge-4284	273	12	starting	start	VERB
ejge-4284	273	13	fiscal	fiscal	ADJ
ejge-4284	273	14	position	position	NOUN
ejge-4284	273	15	:	:	PUNCT
ejge-4284	273	16	the	the	DET
ejge-4284	273	17	initial	initial	ADJ
ejge-4284	273	18	deficit	deficit	NOUN
ejge-4284	273	19	,	,	PUNCT
ejge-4284	273	20	interest	interest	NOUN
ejge-4284	273	21	burden	burden	NOUN
ejge-4284	273	22	and	and	CCONJ
ejge-4284	273	23	long	long	ADJ
ejge-4284	273	24	-	-	PUNCT
ejge-4284	273	25	term	term	NOUN
ejge-4284	273	26	real	real	ADJ
ejge-4284	273	27	bond	bond	NOUN
ejge-4284	273	28	yields	yield	NOUN
ejge-4284	273	29	.	.	PUNCT
ejge-4284	274	1	most	most	ADJ
ejge-4284	274	2	macro	macro	ADJ
ejge-4284	274	3	conditions	condition	NOUN
ejge-4284	274	4	also	also	ADV
ejge-4284	274	5	remained	remain	VERB
ejge-4284	274	6	significant	significant	ADJ
ejge-4284	274	7	.	.	PUNCT
ejge-4284	275	1	in	in	ADP
ejge-4284	275	2	particular	particular	ADJ
ejge-4284	275	3	,	,	PUNCT
ejge-4284	275	4	the	the	DET
ejge-4284	275	5	external	external	ADJ
ejge-4284	275	6	position	position	NOUN
ejge-4284	275	7	and	and	CCONJ
ejge-4284	275	8	competitiveness	competitiveness	NOUN
ejge-4284	275	9	remained	remain	VERB
ejge-4284	275	10	important	important	ADJ
ejge-4284	275	11	indicators	indicator	NOUN
ejge-4284	275	12	of	of	ADP
ejge-4284	275	13	sustainable	sustainable	ADJ
ejge-4284	275	14	consolidation	consolidation	NOUN
ejge-4284	275	15	.	.	PUNCT
ejge-4284	276	1	two	two	NUM
ejge-4284	276	2	exceptions	exception	NOUN
ejge-4284	276	3	,	,	PUNCT
ejge-4284	276	4	however	however	ADV
ejge-4284	276	5	,	,	PUNCT
ejge-4284	276	6	were	be	AUX
ejge-4284	276	7	in	in	ADP
ejge-4284	276	8	the	the	DET
ejge-4284	276	9	roles	role	NOUN
ejge-4284	276	10	of	of	ADP
ejge-4284	276	11	growth	growth	NOUN
ejge-4284	276	12	and	and	CCONJ
ejge-4284	276	13	inflation	inflation	NOUN
ejge-4284	276	14	in	in	ADP
ejge-4284	276	15	the	the	DET
ejge-4284	276	16	run	run	NOUN
ejge-4284	276	17	up	up	ADP
ejge-4284	276	18	to	to	ADP
ejge-4284	276	19	consolidation	consolidation	NOUN
ejge-4284	276	20	,	,	PUNCT
ejge-4284	276	21	which	which	PRON
ejge-4284	276	22	were	be	AUX
ejge-4284	276	23	less	less	ADV
ejge-4284	276	24	consistently	consistently	ADV
ejge-4284	276	25	significant	significant	ADJ
ejge-4284	276	26	predictors	predictor	NOUN
ejge-4284	276	27	of	of	ADP
ejge-4284	276	28	the	the	DET
ejge-4284	276	29	duration	duration	NOUN
ejge-4284	276	30	of	of	ADP
ejge-4284	276	31	consolidations	consolidation	NOUN
ejge-4284	276	32	using	use	VERB
ejge-4284	276	33	these	these	DET
ejge-4284	276	34	alternative	alternative	ADJ
ejge-4284	276	35	definitions	definition	NOUN
ejge-4284	276	36	.	.	PUNCT
ejge-4284	277	1	finally	finally	ADV
ejge-4284	277	2	,	,	PUNCT
ejge-4284	277	3	we	we	PRON
ejge-4284	277	4	also	also	ADV
ejge-4284	277	5	investigate	investigate	VERB
ejge-4284	277	6	whether	whether	SCONJ
ejge-4284	277	7	adjustments	adjustment	NOUN
ejge-4284	277	8	to	to	ADP
ejge-4284	277	9	our	our	PRON
ejge-4284	277	10	sample	sample	NOUN
ejge-4284	277	11	affected	affect	VERB
ejge-4284	277	12	the	the	DET
ejge-4284	277	13	results	result	NOUN
ejge-4284	277	14	.	.	PUNCT
ejge-4284	278	1	one	one	NUM
ejge-4284	278	2	concern	concern	NOUN
ejge-4284	278	3	might	might	AUX
ejge-4284	278	4	be	be	AUX
ejge-4284	278	5	that	that	SCONJ
ejge-4284	278	6	the	the	DET
ejge-4284	278	7	outliers	outlier	NOUN
ejge-4284	278	8	–	–	PUNCT
ejge-4284	278	9	in	in	ADP
ejge-4284	278	10	particular	particular	ADJ
ejge-4284	278	11	the	the	DET
ejge-4284	278	12	three	three	NUM
ejge-4284	278	13	long	long	ADJ
ejge-4284	278	14	consolidations	consolidation	NOUN
ejge-4284	278	15	in	in	ADP
ejge-4284	278	16	belgium	belgium	PROPN
ejge-4284	278	17	,	,	PUNCT
ejge-4284	278	18	ireland	ireland	PROPN
ejge-4284	278	19	and	and	CCONJ
ejge-4284	278	20	japan	japan	PROPN
ejge-4284	278	21	–	–	PUNCT
ejge-4284	278	22	have	have	AUX
ejge-4284	278	23	affected	affect	VERB
ejge-4284	278	24	the	the	DET
ejge-4284	278	25	results	result	NOUN
ejge-4284	278	26	.	.	PUNCT
ejge-4284	279	1	however	however	ADV
ejge-4284	279	2	,	,	PUNCT
ejge-4284	279	3	rerunning	rerun	VERB
ejge-4284	279	4	the	the	DET
ejge-4284	279	5	estimations	estimation	NOUN
ejge-4284	279	6	excluding	exclude	VERB
ejge-4284	279	7	these	these	DET
ejge-4284	279	8	observations	observation	NOUN
ejge-4284	279	9	,	,	PUNCT
ejge-4284	279	10	we	we	PRON
ejge-4284	279	11	found	find	VERB
ejge-4284	279	12	the	the	DET
ejge-4284	279	13	results	result	NOUN
ejge-4284	279	14	to	to	PART
ejge-4284	279	15	be	be	AUX
ejge-4284	279	16	very	very	ADV
ejge-4284	279	17	similar	similar	ADJ
ejge-4284	279	18	.	.	PUNCT
ejge-4284	280	1	13	13	NUM
ejge-4284	280	2	to	to	PART
ejge-4284	280	3	check	check	VERB
ejge-4284	280	4	this	this	DET
ejge-4284	280	5	finding	finding	NOUN
ejge-4284	280	6	,	,	PUNCT
ejge-4284	280	7	we	we	PRON
ejge-4284	280	8	also	also	ADV
ejge-4284	280	9	used	use	VERB
ejge-4284	280	10	a	a	DET
ejge-4284	280	11	more	more	ADV
ejge-4284	280	12	detailed	detailed	ADJ
ejge-4284	280	13	breakdown	breakdown	NOUN
ejge-4284	280	14	of	of	ADP
ejge-4284	280	15	government	government	NOUN
ejge-4284	280	16	revenue	revenue	NOUN
ejge-4284	280	17	and	and	CCONJ
ejge-4284	280	18	spending	spending	NOUN
ejge-4284	280	19	,	,	PUNCT
ejge-4284	280	20	separating	separate	VERB
ejge-4284	280	21	the	the	DET
ejge-4284	280	22	proportion	proportion	NOUN
ejge-4284	280	23	of	of	ADP
ejge-4284	280	24	deficit	deficit	NOUN
ejge-4284	280	25	reduction	reduction	NOUN
ejge-4284	280	26	in	in	ADP
ejge-4284	280	27	each	each	DET
ejge-4284	280	28	consolidation	consolidation	NOUN
ejge-4284	280	29	episode	episode	NOUN
ejge-4284	280	30	by	by	ADP
ejge-4284	280	31	types	type	NOUN
ejge-4284	280	32	of	of	ADP
ejge-4284	280	33	expenditure	expenditure	NOUN
ejge-4284	280	34	and	and	CCONJ
ejge-4284	280	35	revenue	revenue	NOUN
ejge-4284	280	36	.	.	PUNCT
ejge-4284	281	1	following	follow	VERB
ejge-4284	281	2	von	von	PROPN
ejge-4284	281	3	hagen	hagen	PROPN
ejge-4284	281	4	et	et	PROPN
ejge-4284	281	5	al	al	PROPN
ejge-4284	281	6	.	.	PROPN
ejge-4284	282	1	(	(	PUNCT
ejge-4284	282	2	2002	2002	NUM
ejge-4284	282	3	)	)	PUNCT
ejge-4284	282	4	we	we	PRON
ejge-4284	282	5	added	add	VERB
ejge-4284	282	6	to	to	ADP
ejge-4284	282	7	each	each	DET
ejge-4284	282	8	equation	equation	NOUN
ejge-4284	282	9	a	a	DET
ejge-4284	282	10	variable	variable	NOUN
ejge-4284	282	11	showing	show	VERB
ejge-4284	282	12	the	the	DET
ejge-4284	282	13	contribution	contribution	NOUN
ejge-4284	282	14	of	of	ADP
ejge-4284	282	15	a	a	DET
ejge-4284	282	16	particular	particular	ADJ
ejge-4284	282	17	budget	budget	NOUN
ejge-4284	282	18	item	item	NOUN
ejge-4284	282	19	to	to	ADP
ejge-4284	282	20	the	the	DET
ejge-4284	282	21	total	total	ADJ
ejge-4284	282	22	deficit	deficit	NOUN
ejge-4284	282	23	reduction	reduction	NOUN
ejge-4284	282	24	achieved	achieve	VERB
ejge-4284	282	25	during	during	ADP
ejge-4284	282	26	the	the	DET
ejge-4284	282	27	consolidation	consolidation	NOUN
ejge-4284	282	28	episode	episode	NOUN
ejge-4284	282	29	.	.	PUNCT
ejge-4284	283	1	all	all	DET
ejge-4284	283	2	but	but	SCONJ
ejge-4284	283	3	one	one	NUM
ejge-4284	283	4	coefficient	coefficient	NOUN
ejge-4284	283	5	(	(	PUNCT
ejge-4284	283	6	that	that	SCONJ
ejge-4284	283	7	on	on	ADP
ejge-4284	283	8	capital	capital	NOUN
ejge-4284	283	9	expenditure	expenditure	NOUN
ejge-4284	283	10	)	)	PUNCT
ejge-4284	283	11	is	be	AUX
ejge-4284	283	12	statistically	statistically	ADV
ejge-4284	283	13	insignificant	insignificant	ADJ
ejge-4284	283	14	suggesting	suggest	VERB
ejge-4284	283	15	that	that	SCONJ
ejge-4284	283	16	there	there	PRON
ejge-4284	283	17	is	be	VERB
ejge-4284	283	18	overall	overall	ADJ
ejge-4284	283	19	not	not	PART
ejge-4284	283	20	strong	strong	ADJ
ejge-4284	283	21	support	support	NOUN
ejge-4284	283	22	for	for	ADP
ejge-4284	283	23	the	the	DET
ejge-4284	283	24	view	view	NOUN
ejge-4284	283	25	that	that	SCONJ
ejge-4284	283	26	the	the	DET
ejge-4284	283	27	composition	composition	NOUN
ejge-4284	283	28	of	of	ADP
ejge-4284	283	29	deficit	deficit	NOUN
ejge-4284	283	30	reductions	reduction	NOUN
ejge-4284	283	31	is	be	AUX
ejge-4284	283	32	an	an	DET
ejge-4284	283	33	important	important	ADJ
ejge-4284	283	34	determinant	determinant	NOUN
ejge-4284	283	35	of	of	ADP
ejge-4284	283	36	the	the	DET
ejge-4284	283	37	length	length	NOUN
ejge-4284	283	38	of	of	ADP
ejge-4284	283	39	consolidation	consolidation	NOUN
ejge-4284	283	40	periods	period	NOUN
ejge-4284	283	41	.	.	PUNCT
ejge-4284	284	1	we	we	PRON
ejge-4284	284	2	also	also	ADV
ejge-4284	284	3	investigated	investigate	VERB
ejge-4284	284	4	different	different	ADJ
ejge-4284	284	5	definitions	definition	NOUN
ejge-4284	284	6	for	for	ADP
ejge-4284	284	7	the	the	DET
ejge-4284	284	8	fiscal	fiscal	ADJ
ejge-4284	284	9	composition	composition	NOUN
ejge-4284	284	10	–	–	PUNCT
ejge-4284	284	11	e.g.	e.g.	ADV
ejge-4284	284	12	using	use	VERB
ejge-4284	284	13	a	a	DET
ejge-4284	284	14	dummy	dummy	ADJ
ejge-4284	284	15	variable	variable	NOUN
ejge-4284	284	16	to	to	PART
ejge-4284	284	17	define	define	VERB
ejge-4284	284	18	whether	whether	SCONJ
ejge-4284	284	19	the	the	DET
ejge-4284	284	20	adjustment	adjustment	NOUN
ejge-4284	284	21	was	be	AUX
ejge-4284	284	22	predominantly	predominantly	ADV
ejge-4284	284	23	expenditureor	expenditureor	VERB
ejge-4284	284	24	revenue	revenue	NOUN
ejge-4284	284	25	-	-	PUNCT
ejge-4284	284	26	based	base	VERB
ejge-4284	284	27	etc	etc	X
ejge-4284	284	28	.	.	X
ejge-4284	285	1	in	in	ADP
ejge-4284	285	2	none	none	NOUN
ejge-4284	285	3	of	of	ADP
ejge-4284	285	4	the	the	DET
ejge-4284	285	5	cases	case	NOUN
ejge-4284	285	6	were	be	AUX
ejge-4284	285	7	the	the	DET
ejge-4284	285	8	variables	variable	NOUN
ejge-4284	285	9	statistically	statistically	ADV
ejge-4284	285	10	significant	significant	ADJ
ejge-4284	285	11	.	.	PUNCT
ejge-4284	286	1	14	14	NUM
ejge-4284	286	2	however	however	ADV
ejge-4284	286	3	,	,	PUNCT
ejge-4284	286	4	the	the	DET
ejge-4284	286	5	role	role	NOUN
ejge-4284	286	6	of	of	ADP
ejge-4284	286	7	the	the	DET
ejge-4284	286	8	fiscal	fiscal	ADJ
ejge-4284	286	9	rules	rule	NOUN
ejge-4284	286	10	could	could	AUX
ejge-4284	286	11	not	not	PART
ejge-4284	286	12	be	be	AUX
ejge-4284	286	13	demonstrated	demonstrate	VERB
ejge-4284	286	14	,	,	PUNCT
ejge-4284	286	15	as	as	SCONJ
ejge-4284	286	16	the	the	DET
ejge-4284	286	17	analysis	analysis	NOUN
ejge-4284	286	18	(	(	PUNCT
ejge-4284	286	19	column	column	NOUN
ejge-4284	286	20	10	10	NUM
ejge-4284	286	21	)	)	PUNCT
ejge-4284	286	22	shows	show	VERB
ejge-4284	286	23	a	a	DET
ejge-4284	286	24	curious	curious	ADJ
ejge-4284	286	25	result	result	NOUN
ejge-4284	286	26	that	that	SCONJ
ejge-4284	286	27	stronger	strong	ADJ
ejge-4284	286	28	fiscal	fiscal	ADJ
ejge-4284	286	29	rules	rule	NOUN
ejge-4284	286	30	appear	appear	VERB
ejge-4284	286	31	to	to	PART
ejge-4284	286	32	increase	increase	VERB
ejge-4284	286	33	the	the	DET
ejge-4284	286	34	likelihood	likelihood	NOUN
ejge-4284	286	35	of	of	ADP
ejge-4284	286	36	a	a	DET
ejge-4284	286	37	consolidation	consolidation	NOUN
ejge-4284	286	38	episode	episode	NOUN
ejge-4284	286	39	ending	ending	NOUN
ejge-4284	286	40	.	.	PUNCT
ejge-4284	287	1	moreover	moreover	ADV
ejge-4284	287	2	,	,	PUNCT
ejge-4284	287	3	with	with	ADP
ejge-4284	287	4	the	the	DET
ejge-4284	287	5	series	series	NOUN
ejge-4284	287	6	for	for	ADP
ejge-4284	287	7	the	the	DET
ejge-4284	287	8	fiscal	fiscal	ADJ
ejge-4284	287	9	rules	rule	NOUN
ejge-4284	287	10	strength	strength	PROPN
ejge-4284	287	11	index	index	NOUN
ejge-4284	287	12	available	available	ADJ
ejge-4284	287	13	only	only	ADV
ejge-4284	287	14	for	for	ADP
ejge-4284	287	15	eu	eu	PROPN
ejge-4284	287	16	countries	country	NOUN
ejge-4284	287	17	from	from	ADP
ejge-4284	287	18	1990	1990	NUM
ejge-4284	287	19	onwards	onward	NOUN
ejge-4284	287	20	,	,	PUNCT
ejge-4284	287	21	the	the	DET
ejge-4284	287	22	sample	sample	NOUN
ejge-4284	287	23	of	of	ADP
ejge-4284	287	24	consolidation	consolidation	NOUN
ejge-4284	287	25	episodes	episode	NOUN
ejge-4284	287	26	is	be	AUX
ejge-4284	287	27	considerably	considerably	ADV
ejge-4284	287	28	smaller	small	ADJ
ejge-4284	287	29	,	,	PUNCT
ejge-4284	287	30	and	and	CCONJ
ejge-4284	287	31	therefore	therefore	ADV
ejge-4284	287	32	the	the	DET
ejge-4284	287	33	results	result	NOUN
ejge-4284	287	34	are	be	AUX
ejge-4284	287	35	limited	limited	ADJ
ejge-4284	287	36	.	.	PUNCT
ejge-4284	288	1	european	european	ADJ
ejge-4284	288	2	journal	journal	PROPN
ejge-4284	288	3	of	of	ADP
ejge-4284	288	4	government	government	NOUN
ejge-4284	288	5	and	and	CCONJ
ejge-4284	288	6	economics	economic	NOUN
ejge-4284	288	7	2(1	2(1	NUM
ejge-4284	288	8	)	)	PUNCT
ejge-4284	288	9	20	20	NUM
ejge-4284	288	10	the	the	DET
ejge-4284	288	11	role	role	NOUN
ejge-4284	288	12	of	of	ADP
ejge-4284	288	13	push	push	NOUN
ejge-4284	288	14	factors	factor	NOUN
ejge-4284	288	15	and	and	CCONJ
ejge-4284	288	16	pull	pull	VERB
ejge-4284	288	17	factors	factor	NOUN
ejge-4284	288	18	in	in	ADP
ejge-4284	288	19	euro	euro	NOUN
ejge-4284	288	20	area	area	NOUN
ejge-4284	288	21	countries	country	NOUN
ejge-4284	288	22	to	to	PART
ejge-4284	288	23	illustrate	illustrate	VERB
ejge-4284	288	24	the	the	DET
ejge-4284	288	25	insights	insight	NOUN
ejge-4284	288	26	from	from	ADP
ejge-4284	288	27	our	our	PRON
ejge-4284	288	28	work	work	NOUN
ejge-4284	288	29	,	,	PUNCT
ejge-4284	288	30	we	we	PRON
ejge-4284	288	31	use	use	VERB
ejge-4284	288	32	our	our	PRON
ejge-4284	288	33	results	result	NOUN
ejge-4284	288	34	to	to	PART
ejge-4284	288	35	illustrate	illustrate	VERB
ejge-4284	288	36	some	some	PRON
ejge-4284	288	37	of	of	ADP
ejge-4284	288	38	the	the	DET
ejge-4284	288	39	challenges	challenge	NOUN
ejge-4284	288	40	that	that	PRON
ejge-4284	288	41	lie	lie	VERB
ejge-4284	288	42	ahead	ahead	ADV
ejge-4284	288	43	for	for	ADP
ejge-4284	288	44	some	some	DET
ejge-4284	288	45	euro	euro	NOUN
ejge-4284	288	46	area	area	NOUN
ejge-4284	288	47	countries	country	NOUN
ejge-4284	288	48	that	that	PRON
ejge-4284	288	49	have	have	AUX
ejge-4284	288	50	embarked	embark	VERB
ejge-4284	288	51	on	on	ADP
ejge-4284	288	52	a	a	DET
ejge-4284	288	53	consolidation	consolidation	NOUN
ejge-4284	288	54	path	path	NOUN
ejge-4284	288	55	during	during	ADP
ejge-4284	288	56	2010	2010	NUM
ejge-4284	288	57	-	-	SYM
ejge-4284	288	58	11	11	NUM
ejge-4284	288	59	.	.	PUNCT
ejge-4284	289	1	while	while	SCONJ
ejge-4284	289	2	,	,	PUNCT
ejge-4284	289	3	for	for	ADP
ejge-4284	289	4	several	several	ADJ
ejge-4284	289	5	member	member	NOUN
ejge-4284	289	6	states	state	VERB
ejge-4284	289	7	the	the	DET
ejge-4284	289	8	push	push	NOUN
ejge-4284	289	9	factors	factor	NOUN
ejge-4284	289	10	are	be	AUX
ejge-4284	289	11	obvious	obvious	ADJ
ejge-4284	289	12	,	,	PUNCT
ejge-4284	289	13	with	with	ADP
ejge-4284	289	14	high	high	ADJ
ejge-4284	289	15	public	public	ADJ
ejge-4284	289	16	debt	debt	NOUN
ejge-4284	289	17	levels	level	NOUN
ejge-4284	289	18	,	,	PUNCT
ejge-4284	289	19	large	large	ADJ
ejge-4284	289	20	deficits	deficit	NOUN
ejge-4284	289	21	,	,	PUNCT
ejge-4284	289	22	high	high	ADJ
ejge-4284	289	23	sovereign	sovereign	ADJ
ejge-4284	289	24	bond	bond	NOUN
ejge-4284	289	25	yields	yield	NOUN
ejge-4284	289	26	and	and	CCONJ
ejge-4284	289	27	rising	rise	VERB
ejge-4284	289	28	interest	interest	NOUN
ejge-4284	289	29	burdens	burden	NOUN
ejge-4284	289	30	forcing	force	VERB
ejge-4284	289	31	governments	government	NOUN
ejge-4284	289	32	to	to	PART
ejge-4284	289	33	take	take	VERB
ejge-4284	289	34	strong	strong	ADJ
ejge-4284	289	35	action	action	NOUN
ejge-4284	289	36	towards	towards	ADP
ejge-4284	289	37	fiscal	fiscal	ADJ
ejge-4284	289	38	austerity	austerity	NOUN
ejge-4284	289	39	,	,	PUNCT
ejge-4284	289	40	there	there	PRON
ejge-4284	289	41	are	be	VERB
ejge-4284	289	42	clear	clear	ADJ
ejge-4284	289	43	challenges	challenge	NOUN
ejge-4284	289	44	too	too	ADV
ejge-4284	289	45	.	.	PUNCT
ejge-4284	290	1	this	this	PRON
ejge-4284	290	2	is	be	AUX
ejge-4284	290	3	particularly	particularly	ADV
ejge-4284	290	4	true	true	ADJ
ejge-4284	290	5	for	for	ADP
ejge-4284	290	6	those	those	DET
ejge-4284	290	7	countries	country	NOUN
ejge-4284	290	8	suffering	suffer	VERB
ejge-4284	290	9	from	from	ADP
ejge-4284	290	10	twin	twin	ADJ
ejge-4284	290	11	deficits	deficit	NOUN
ejge-4284	290	12	of	of	ADP
ejge-4284	290	13	large	large	ADJ
ejge-4284	290	14	fiscal	fiscal	ADJ
ejge-4284	290	15	and	and	CCONJ
ejge-4284	290	16	current	current	ADJ
ejge-4284	290	17	account	account	NOUN
ejge-4284	290	18	imbalances	imbalance	NOUN
ejge-4284	290	19	and	and	CCONJ
ejge-4284	290	20	cumulated	cumulated	ADJ
ejge-4284	290	21	competitiveness	competitiveness	NOUN
ejge-4284	290	22	problems	problem	NOUN
ejge-4284	290	23	.	.	PUNCT
ejge-4284	291	1	in	in	ADP
ejge-4284	291	2	this	this	DET
ejge-4284	291	3	sense	sense	NOUN
ejge-4284	291	4	,	,	PUNCT
ejge-4284	291	5	figure	figure	NOUN
ejge-4284	291	6	2	2	NUM
ejge-4284	291	7	shows	show	VERB
ejge-4284	291	8	survivor	survivor	NOUN
ejge-4284	291	9	curves	curve	NOUN
ejge-4284	291	10	for	for	ADP
ejge-4284	291	11	the	the	DET
ejge-4284	291	12	duration	duration	NOUN
ejge-4284	291	13	of	of	ADP
ejge-4284	291	14	the	the	DET
ejge-4284	291	15	current	current	ADJ
ejge-4284	291	16	fiscal	fiscal	ADJ
ejge-4284	291	17	consolidation	consolidation	NOUN
ejge-4284	291	18	efforts	effort	NOUN
ejge-4284	291	19	in	in	ADP
ejge-4284	291	20	countries	country	NOUN
ejge-4284	291	21	under	under	ADP
ejge-4284	291	22	eu	eu	PROPN
ejge-4284	291	23	/	/	SYM
ejge-4284	291	24	imf	imf	ADJ
ejge-4284	291	25	economic	economic	ADJ
ejge-4284	291	26	and	and	CCONJ
ejge-4284	291	27	financial	financial	ADJ
ejge-4284	291	28	programmes	programme	NOUN
ejge-4284	291	29	(	(	PUNCT
ejge-4284	291	30	ireland	ireland	PROPN
ejge-4284	291	31	,	,	PUNCT
ejge-4284	291	32	greece	greece	PROPN
ejge-4284	291	33	and	and	CCONJ
ejge-4284	291	34	portugal	portugal	PROPN
ejge-4284	291	35	)	)	PUNCT
ejge-4284	291	36	as	as	ADV
ejge-4284	291	37	well	well	ADV
ejge-4284	291	38	as	as	ADP
ejge-4284	291	39	spain	spain	PROPN
ejge-4284	291	40	and	and	CCONJ
ejge-4284	291	41	italy	italy	PROPN
ejge-4284	291	42	.	.	PUNCT
ejge-4284	292	1	figure	figure	VERB
ejge-4284	292	2	3	3	NUM
ejge-4284	292	3	shows	show	VERB
ejge-4284	292	4	a	a	DET
ejge-4284	292	5	decomposition	decomposition	NOUN
ejge-4284	292	6	of	of	ADP
ejge-4284	292	7	the	the	DET
ejge-4284	292	8	factors	factor	NOUN
ejge-4284	292	9	affecting	affect	VERB
ejge-4284	292	10	the	the	DET
ejge-4284	292	11	estimated	estimate	VERB
ejge-4284	292	12	probability	probability	NOUN
ejge-4284	292	13	of	of	ADP
ejge-4284	292	14	a	a	DET
ejge-4284	292	15	duration	duration	NOUN
ejge-4284	292	16	lasting	last	VERB
ejge-4284	292	17	at	at	ADP
ejge-4284	292	18	least	least	ADV
ejge-4284	292	19	five	five	NUM
ejge-4284	292	20	years	year	NOUN
ejge-4284	292	21	.	.	PUNCT
ejge-4284	293	1	the	the	DET
ejge-4284	293	2	probability	probability	NOUN
ejge-4284	293	3	estimates	estimate	NOUN
ejge-4284	293	4	are	be	AUX
ejge-4284	293	5	based	base	VERB
ejge-4284	293	6	on	on	ADP
ejge-4284	293	7	the	the	DET
ejge-4284	293	8	equation	equation	NOUN
ejge-4284	293	9	which	which	PRON
ejge-4284	293	10	includes	include	VERB
ejge-4284	293	11	the	the	DET
ejge-4284	293	12	initial	initial	ADJ
ejge-4284	293	13	fiscal	fiscal	ADJ
ejge-4284	293	14	conditions	condition	NOUN
ejge-4284	293	15	–	–	PUNCT
ejge-4284	293	16	deficit	deficit	NOUN
ejge-4284	293	17	,	,	PUNCT
ejge-4284	293	18	bond	bond	NOUN
ejge-4284	293	19	yields	yield	NOUN
ejge-4284	293	20	and	and	CCONJ
ejge-4284	293	21	interest	interest	NOUN
ejge-4284	293	22	payments	payment	NOUN
ejge-4284	293	23	–	–	PUNCT
ejge-4284	293	24	and	and	CCONJ
ejge-4284	293	25	macroeconomic	macroeconomic	ADJ
ejge-4284	293	26	capacity	capacity	NOUN
ejge-4284	293	27	–	–	PUNCT
ejge-4284	293	28	current	current	ADJ
ejge-4284	293	29	account	account	NOUN
ejge-4284	293	30	,	,	PUNCT
ejge-4284	293	31	real	real	ADJ
ejge-4284	293	32	effective	effective	ADJ
ejge-4284	293	33	exchange	exchange	NOUN
ejge-4284	293	34	rate	rate	NOUN
ejge-4284	293	35	,	,	PUNCT
ejge-4284	293	36	recent	recent	ADJ
ejge-4284	293	37	credit	credit	NOUN
ejge-4284	293	38	developments	development	NOUN
ejge-4284	293	39	and	and	CCONJ
ejge-4284	293	40	growth	growth	NOUN
ejge-4284	293	41	and	and	CCONJ
ejge-4284	293	42	inflation	inflation	NOUN
ejge-4284	293	43	dynamics	dynamic	NOUN
ejge-4284	293	44	.	.	PUNCT
ejge-4284	294	1	to	to	PART
ejge-4284	294	2	provide	provide	VERB
ejge-4284	294	3	a	a	DET
ejge-4284	294	4	common	common	ADJ
ejge-4284	294	5	overview	overview	NOUN
ejge-4284	294	6	,	,	PUNCT
ejge-4284	294	7	the	the	DET
ejge-4284	294	8	estimated	estimate	VERB
ejge-4284	294	9	starting	starting	NOUN
ejge-4284	294	10	point	point	NOUN
ejge-4284	294	11	is	be	AUX
ejge-4284	294	12	2010	2010	NUM
ejge-4284	294	13	.	.	PUNCT
ejge-4284	295	1	the	the	DET
ejge-4284	295	2	estimated	estimate	VERB
ejge-4284	295	3	probabilities	probability	NOUN
ejge-4284	295	4	that	that	PRON
ejge-4284	295	5	these	these	DET
ejge-4284	295	6	countries	country	NOUN
ejge-4284	295	7	will	will	AUX
ejge-4284	295	8	be	be	AUX
ejge-4284	295	9	able	able	ADJ
ejge-4284	295	10	to	to	PART
ejge-4284	295	11	maintain	maintain	VERB
ejge-4284	295	12	a	a	DET
ejge-4284	295	13	sustained	sustained	ADJ
ejge-4284	295	14	consolidation	consolidation	NOUN
ejge-4284	295	15	effort	effort	NOUN
ejge-4284	295	16	are	be	AUX
ejge-4284	295	17	generally	generally	ADV
ejge-4284	295	18	quite	quite	ADV
ejge-4284	295	19	low	low	ADJ
ejge-4284	295	20	.	.	PUNCT
ejge-4284	296	1	that	that	PRON
ejge-4284	296	2	should	should	AUX
ejge-4284	296	3	not	not	PART
ejge-4284	296	4	be	be	AUX
ejge-4284	296	5	a	a	DET
ejge-4284	296	6	surprise	surprise	NOUN
ejge-4284	296	7	:	:	PUNCT
ejge-4284	296	8	the	the	DET
ejge-4284	296	9	estimates	estimate	NOUN
ejge-4284	296	10	are	be	AUX
ejge-4284	296	11	derived	derive	VERB
ejge-4284	296	12	from	from	ADP
ejge-4284	296	13	analysis	analysis	NOUN
ejge-4284	296	14	of	of	ADP
ejge-4284	296	15	past	past	ADJ
ejge-4284	296	16	experiences	experience	NOUN
ejge-4284	296	17	and	and	CCONJ
ejge-4284	296	18	previous	previous	ADJ
ejge-4284	296	19	examples	example	NOUN
ejge-4284	296	20	of	of	ADP
ejge-4284	296	21	long	long	ADV
ejge-4284	296	22	-	-	PUNCT
ejge-4284	296	23	lasting	last	VERB
ejge-4284	296	24	consolidation	consolidation	NOUN
ejge-4284	296	25	are	be	AUX
ejge-4284	296	26	relatively	relatively	ADV
ejge-4284	296	27	rare	rare	ADJ
ejge-4284	296	28	,	,	PUNCT
ejge-4284	296	29	as	as	SCONJ
ejge-4284	296	30	figure	figure	NOUN
ejge-4284	296	31	1	1	NUM
ejge-4284	296	32	highlighted	highlight	VERB
ejge-4284	296	33	.	.	PUNCT
ejge-4284	297	1	for	for	ADP
ejge-4284	297	2	example	example	NOUN
ejge-4284	297	3	,	,	PUNCT
ejge-4284	297	4	from	from	ADP
ejge-4284	297	5	our	our	PRON
ejge-4284	297	6	sample	sample	NOUN
ejge-4284	297	7	,	,	PUNCT
ejge-4284	297	8	the	the	DET
ejge-4284	297	9	unconditional	unconditional	ADJ
ejge-4284	297	10	probability	probability	NOUN
ejge-4284	297	11	of	of	ADP
ejge-4284	297	12	consolidation	consolidation	NOUN
ejge-4284	297	13	lasting	last	VERB
ejge-4284	297	14	longer	long	ADV
ejge-4284	297	15	than	than	ADP
ejge-4284	297	16	five	five	NUM
ejge-4284	297	17	years	year	NOUN
ejge-4284	297	18	is	be	AUX
ejge-4284	297	19	under	under	ADP
ejge-4284	297	20	a	a	DET
ejge-4284	297	21	half	half	NOUN
ejge-4284	297	22	.	.	PUNCT
ejge-4284	298	1	figure	figure	NOUN
ejge-4284	298	2	2	2	NUM
ejge-4284	298	3	:	:	PUNCT
ejge-4284	298	4	estimated	estimate	VERB
ejge-4284	298	5	survivor	survivor	NOUN
ejge-4284	298	6	curves	curve	NOUN
ejge-4284	298	7	for	for	ADP
ejge-4284	298	8	current	current	ADJ
ejge-4284	298	9	fiscal	fiscal	ADJ
ejge-4284	298	10	consolidation	consolidation	NOUN
ejge-4284	298	11	efforts	effort	NOUN
ejge-4284	298	12	in	in	ADP
ejge-4284	298	13	selected	select	VERB
ejge-4284	298	14	euro	euro	NOUN
ejge-4284	298	15	area	area	NOUN
ejge-4284	298	16	countries	country	NOUN
ejge-4284	298	17	(	(	PUNCT
ejge-4284	298	18	probability	probability	NOUN
ejge-4284	298	19	of	of	ADP
ejge-4284	298	20	consolidation	consolidation	NOUN
ejge-4284	298	21	lasting	last	VERB
ejge-4284	298	22	to	to	ADP
ejge-4284	298	23	particular	particular	ADJ
ejge-4284	298	24	year	year	NOUN
ejge-4284	298	25	)	)	PUNCT
ejge-4284	298	26	0.0	0.0	NUM
ejge-4284	298	27	0.2	0.2	NUM
ejge-4284	298	28	0.4	0.4	NUM
ejge-4284	298	29	0.6	0.6	NUM
ejge-4284	298	30	0.8	0.8	NUM
ejge-4284	298	31	1.0	1.0	NUM
ejge-4284	298	32	0	0	NUM
ejge-4284	298	33	5	5	NUM
ejge-4284	298	34	10	10	NUM
ejge-4284	298	35	average	average	ADJ
ejge-4284	298	36	experience	experience	NOUN
ejge-4284	298	37	ireland	ireland	PROPN
ejge-4284	298	38	portugal	portugal	PROPN
ejge-4284	298	39	greece	greece	PROPN
ejge-4284	298	40	spain	spain	PROPN
ejge-4284	298	41	italy	italy	PROPN
ejge-4284	298	42	notes	note	VERB
ejge-4284	298	43	:	:	PUNCT
ejge-4284	298	44	survivor	survivor	NOUN
ejge-4284	298	45	functions	function	NOUN
ejge-4284	298	46	estimated	estimate	VERB
ejge-4284	298	47	using	use	VERB
ejge-4284	298	48	weibull	weibull	NOUN
ejge-4284	298	49	distribution	distribution	NOUN
ejge-4284	298	50	assumption	assumption	NOUN
ejge-4284	298	51	for	for	ADP
ejge-4284	298	52	baseline	baseline	ADJ
ejge-4284	298	53	hazard	hazard	NOUN
ejge-4284	298	54	(	(	PUNCT
ejge-4284	298	55	see	see	VERB
ejge-4284	298	56	table	table	NOUN
ejge-4284	298	57	6	6	NUM
ejge-4284	298	58	,	,	PUNCT
ejge-4284	298	59	column	column	NOUN
ejge-4284	298	60	1	1	NUM
ejge-4284	298	61	)	)	PUNCT
ejge-4284	298	62	.	.	PUNCT
ejge-4284	299	1	the	the	DET
ejge-4284	299	2	“	"	PUNCT
ejge-4284	299	3	average	average	ADJ
ejge-4284	299	4	experience	experience	NOUN
ejge-4284	299	5	”	"	PUNCT
ejge-4284	299	6	shows	show	VERB
ejge-4284	299	7	the	the	DET
ejge-4284	299	8	average	average	ADJ
ejge-4284	299	9	estimated	estimate	VERB
ejge-4284	299	10	probability	probability	NOUN
ejge-4284	299	11	assuming	assume	VERB
ejge-4284	299	12	all	all	DET
ejge-4284	299	13	explanatory	explanatory	ADJ
ejge-4284	299	14	variables	variable	NOUN
ejge-4284	299	15	are	be	AUX
ejge-4284	299	16	at	at	ADP
ejge-4284	299	17	their	their	PRON
ejge-4284	299	18	mean	mean	NOUN
ejge-4284	299	19	.	.	PUNCT
ejge-4284	300	1	other	other	ADJ
ejge-4284	300	2	curves	curve	NOUN
ejge-4284	300	3	show	show	NOUN
ejge-4284	300	4	estimates	estimate	NOUN
ejge-4284	300	5	of	of	ADP
ejge-4284	300	6	the	the	DET
ejge-4284	300	7	probabilities	probability	NOUN
ejge-4284	300	8	for	for	ADP
ejge-4284	300	9	ireland	ireland	PROPN
ejge-4284	300	10	,	,	PUNCT
ejge-4284	300	11	greece	greece	PROPN
ejge-4284	300	12	and	and	CCONJ
ejge-4284	300	13	portugal	portugal	PROPN
ejge-4284	300	14	based	base	VERB
ejge-4284	300	15	on	on	ADP
ejge-4284	300	16	current	current	ADJ
ejge-4284	300	17	developments	development	NOUN
ejge-4284	300	18	.	.	PUNCT
ejge-4284	301	1	figure	figure	VERB
ejge-4284	301	2	3	3	NUM
ejge-4284	301	3	:	:	PUNCT
ejge-4284	301	4	factors	factor	NOUN
ejge-4284	301	5	affecting	affect	VERB
ejge-4284	301	6	current	current	ADJ
ejge-4284	301	7	probabilities	probability	NOUN
ejge-4284	301	8	of	of	ADP
ejge-4284	301	9	achieving	achieve	VERB
ejge-4284	301	10	long	long	ADV
ejge-4284	301	11	-	-	PUNCT
ejge-4284	301	12	lasting	last	VERB
ejge-4284	301	13	consolidation	consolidation	NOUN
ejge-4284	301	14	in	in	ADP
ejge-4284	301	15	selected	select	VERB
ejge-4284	301	16	euro	euro	NOUN
ejge-4284	301	17	area	area	NOUN
ejge-4284	301	18	countries	country	NOUN
ejge-4284	301	19	(	(	PUNCT
ejge-4284	301	20	contribution	contribution	NOUN
ejge-4284	301	21	to	to	ADP
ejge-4284	301	22	estimated	estimate	VERB
ejge-4284	301	23	probability	probability	NOUN
ejge-4284	301	24	of	of	ADP
ejge-4284	301	25	consolidations	consolidation	NOUN
ejge-4284	301	26	starting	start	VERB
ejge-4284	301	27	in	in	ADP
ejge-4284	301	28	2010	2010	NUM
ejge-4284	301	29	lasting	last	VERB
ejge-4284	301	30	five	five	NUM
ejge-4284	301	31	years	year	NOUN
ejge-4284	301	32	or	or	CCONJ
ejge-4284	301	33	more	more	ADJ
ejge-4284	301	34	)	)	PUNCT
ejge-4284	301	35	-0.5	-0.5	X
ejge-4284	301	36	0.0	0.0	NUM
ejge-4284	301	37	0.5	0.5	NUM
ejge-4284	301	38	1.0	1.0	NUM
ejge-4284	301	39	ireland	ireland	PROPN
ejge-4284	301	40	portugal	portugal	PROPN
ejge-4284	301	41	greece	greece	PROPN
ejge-4284	301	42	spain	spain	PROPN
ejge-4284	301	43	italy	italy	PROPN
ejge-4284	301	44	capb	capb	PROPN
ejge-4284	301	45	govt	govt	PROPN
ejge-4284	301	46	.	.	PUNCT
ejge-4284	302	1	interest	interest	NOUN
ejge-4284	302	2	payments	payment	NOUN
ejge-4284	302	3	long	long	ADJ
ejge-4284	302	4	-	-	PUNCT
ejge-4284	302	5	term	term	NOUN
ejge-4284	302	6	real	real	ADJ
ejge-4284	302	7	int	int	NOUN
ejge-4284	302	8	.	.	PUNCT
ejge-4284	303	1	current	current	ADJ
ejge-4284	303	2	account	account	NOUN
ejge-4284	303	3	balance	balance	NOUN
ejge-4284	303	4	real	real	ADJ
ejge-4284	303	5	exchange	exchange	NOUN
ejge-4284	303	6	rate	rate	NOUN
ejge-4284	303	7	gdp	gdp	NOUN
ejge-4284	303	8	growth	growth	PROPN
ejge-4284	303	9	inflation	inflation	NOUN
ejge-4284	303	10	prob	prob	NOUN
ejge-4284	303	11	>	>	X
ejge-4284	303	12	five	five	NUM
ejge-4284	303	13	years	year	NOUN
ejge-4284	303	14	notes	note	NOUN
ejge-4284	303	15	:	:	PUNCT
ejge-4284	303	16	survivor	survivor	NOUN
ejge-4284	303	17	functions	function	NOUN
ejge-4284	303	18	estimated	estimate	VERB
ejge-4284	303	19	using	use	VERB
ejge-4284	303	20	weibull	weibull	NOUN
ejge-4284	303	21	distribution	distribution	NOUN
ejge-4284	303	22	assumption	assumption	NOUN
ejge-4284	303	23	for	for	ADP
ejge-4284	303	24	baseline	baseline	ADJ
ejge-4284	303	25	hazard	hazard	NOUN
ejge-4284	303	26	(	(	PUNCT
ejge-4284	303	27	see	see	VERB
ejge-4284	303	28	table	table	NOUN
ejge-4284	303	29	6	6	NUM
ejge-4284	303	30	,	,	PUNCT
ejge-4284	303	31	column	column	NOUN
ejge-4284	303	32	1	1	NUM
ejge-4284	303	33	)	)	PUNCT
ejge-4284	303	34	.	.	PUNCT
ejge-4284	304	1	the	the	DET
ejge-4284	304	2	“	"	PUNCT
ejge-4284	304	3	average	average	ADJ
ejge-4284	304	4	experience	experience	NOUN
ejge-4284	304	5	”	"	PUNCT
ejge-4284	304	6	shows	show	VERB
ejge-4284	304	7	the	the	DET
ejge-4284	304	8	average	average	ADJ
ejge-4284	304	9	estimated	estimate	VERB
ejge-4284	304	10	probability	probability	NOUN
ejge-4284	304	11	assuming	assume	VERB
ejge-4284	304	12	all	all	DET
ejge-4284	304	13	explanatory	explanatory	ADJ
ejge-4284	304	14	variables	variable	NOUN
ejge-4284	304	15	are	be	AUX
ejge-4284	304	16	at	at	ADP
ejge-4284	304	17	their	their	PRON
ejge-4284	304	18	mean	mean	NOUN
ejge-4284	304	19	.	.	PUNCT
ejge-4284	305	1	the	the	DET
ejge-4284	305	2	other	other	ADJ
ejge-4284	305	3	contributions	contribution	NOUN
ejge-4284	305	4	show	show	VERB
ejge-4284	305	5	the	the	DET
ejge-4284	305	6	effect	effect	NOUN
ejge-4284	305	7	of	of	ADP
ejge-4284	305	8	each	each	DET
ejge-4284	305	9	variable	variable	ADJ
ejge-4284	305	10	relative	relative	ADJ
ejge-4284	305	11	to	to	ADP
ejge-4284	305	12	the	the	DET
ejge-4284	305	13	mean	mean	ADJ
ejge-4284	305	14	experience	experience	NOUN
ejge-4284	305	15	.	.	PUNCT
ejge-4284	306	1	however	however	ADV
ejge-4284	306	2	,	,	PUNCT
ejge-4284	306	3	there	there	PRON
ejge-4284	306	4	are	be	VERB
ejge-4284	306	5	interesting	interesting	ADJ
ejge-4284	306	6	differences	difference	NOUN
ejge-4284	306	7	in	in	ADP
ejge-4284	306	8	the	the	DET
ejge-4284	306	9	estimated	estimate	VERB
ejge-4284	306	10	probabilities	probability	NOUN
ejge-4284	306	11	for	for	ADP
ejge-4284	306	12	each	each	DET
ejge-4284	306	13	country	country	NOUN
ejge-4284	306	14	which	which	PRON
ejge-4284	306	15	highlight	highlight	VERB
ejge-4284	306	16	the	the	DET
ejge-4284	306	17	potential	potential	ADJ
ejge-4284	306	18	varied	varied	ADJ
ejge-4284	306	19	pressures	pressure	NOUN
ejge-4284	306	20	in	in	ADP
ejge-4284	306	21	each	each	DET
ejge-4284	306	22	situation	situation	NOUN
ejge-4284	306	23	.	.	PUNCT
ejge-4284	307	1	for	for	ADP
ejge-4284	307	2	instance	instance	NOUN
ejge-4284	307	3	,	,	PUNCT
ejge-4284	307	4	according	accord	VERB
ejge-4284	307	5	to	to	ADP
ejge-4284	307	6	the	the	DET
ejge-4284	307	7	estimates	estimate	NOUN
ejge-4284	307	8	,	,	PUNCT
ejge-4284	307	9	ireland	ireland	PROPN
ejge-4284	307	10	appears	appear	VERB
ejge-4284	307	11	considerably	considerably	ADV
ejge-4284	307	12	more	more	ADV
ejge-4284	307	13	likely	likely	ADJ
ejge-4284	307	14	to	to	PART
ejge-4284	307	15	maintain	maintain	VERB
ejge-4284	307	16	fiscal	fiscal	ADJ
ejge-4284	307	17	consolidation	consolidation	NOUN
ejge-4284	307	18	than	than	ADP
ejge-4284	307	19	the	the	DET
ejge-4284	307	20	other	other	ADJ
ejge-4284	307	21	countries	country	NOUN
ejge-4284	307	22	from	from	ADP
ejge-4284	307	23	the	the	DET
ejge-4284	307	24	sample	sample	NOUN
ejge-4284	307	25	.	.	PUNCT
ejge-4284	308	1	some	some	PRON
ejge-4284	308	2	of	of	ADP
ejge-4284	308	3	the	the	DET
ejge-4284	308	4	drivers	driver	NOUN
ejge-4284	308	5	for	for	ADP
ejge-4284	308	6	ireland	ireland	PROPN
ejge-4284	308	7	are	be	AUX
ejge-4284	308	8	the	the	DET
ejge-4284	308	9	‘	'	PUNCT
ejge-4284	308	10	push	push	NOUN
ejge-4284	308	11	’	'	PUNCT
ejge-4284	308	12	factors	factor	NOUN
ejge-4284	308	13	that	that	PRON
ejge-4284	308	14	make	make	VERB
ejge-4284	308	15	consolidation	consolidation	NOUN
ejge-4284	308	16	a	a	DET
ejge-4284	308	17	necessity	necessity	NOUN
ejge-4284	308	18	,	,	PUNCT
ejge-4284	308	19	such	such	ADJ
ejge-4284	308	20	lodge	lodge	NOUN
ejge-4284	308	21	and	and	CCONJ
ejge-4284	308	22	rodríguez	rodríguez	NOUN
ejge-4284	308	23	-	-	PUNCT
ejge-4284	308	24	vives	vive	NOUN
ejge-4284	308	25	●	●	PUNCT
ejge-4284	308	26	how	how	SCONJ
ejge-4284	308	27	long	long	ADV
ejge-4284	308	28	can	can	AUX
ejge-4284	308	29	austerity	austerity	NOUN
ejge-4284	308	30	persist	persist	VERB
ejge-4284	308	31	?	?	PUNCT
ejge-4284	309	1	21	21	NUM
ejge-4284	309	2	as	as	ADP
ejge-4284	309	3	the	the	DET
ejge-4284	309	4	high	high	ADJ
ejge-4284	309	5	primary	primary	ADJ
ejge-4284	309	6	deficit	deficit	NOUN
ejge-4284	309	7	,	,	PUNCT
ejge-4284	309	8	relatively	relatively	ADV
ejge-4284	309	9	heavy	heavy	ADJ
ejge-4284	309	10	interest	interest	NOUN
ejge-4284	309	11	burden	burden	NOUN
ejge-4284	309	12	and	and	CCONJ
ejge-4284	309	13	high	high	ADJ
ejge-4284	309	14	long	long	ADJ
ejge-4284	309	15	-	-	PUNCT
ejge-4284	309	16	term	term	NOUN
ejge-4284	309	17	real	real	ADJ
ejge-4284	309	18	bond	bond	NOUN
ejge-4284	309	19	yields	yield	NOUN
ejge-4284	309	20	.	.	PUNCT
ejge-4284	310	1	yet	yet	CCONJ
ejge-4284	310	2	the	the	DET
ejge-4284	310	3	recent	recent	ADJ
ejge-4284	310	4	improvement	improvement	NOUN
ejge-4284	310	5	in	in	ADP
ejge-4284	310	6	ireland	ireland	NOUN
ejge-4284	310	7	’s	’s	PART
ejge-4284	310	8	competitive	competitive	ADJ
ejge-4284	310	9	position	position	NOUN
ejge-4284	310	10	,	,	PUNCT
ejge-4284	310	11	with	with	ADP
ejge-4284	310	12	relatively	relatively	ADV
ejge-4284	310	13	low	low	ADJ
ejge-4284	310	14	inflation	inflation	NOUN
ejge-4284	310	15	and	and	CCONJ
ejge-4284	310	16	unit	unit	NOUN
ejge-4284	310	17	labour	labour	NOUN
ejge-4284	310	18	cost	cost	NOUN
ejge-4284	310	19	growth	growth	NOUN
ejge-4284	310	20	,	,	PUNCT
ejge-4284	310	21	as	as	ADV
ejge-4284	310	22	well	well	ADV
ejge-4284	310	23	as	as	ADP
ejge-4284	310	24	the	the	DET
ejge-4284	310	25	return	return	NOUN
ejge-4284	310	26	towards	towards	ADP
ejge-4284	310	27	current	current	ADJ
ejge-4284	310	28	account	account	NOUN
ejge-4284	310	29	balance	balance	NOUN
ejge-4284	310	30	,	,	PUNCT
ejge-4284	310	31	could	could	AUX
ejge-4284	310	32	also	also	ADV
ejge-4284	310	33	be	be	AUX
ejge-4284	310	34	expected	expect	VERB
ejge-4284	310	35	to	to	PART
ejge-4284	310	36	help	help	VERB
ejge-4284	310	37	ireland	ireland	PROPN
ejge-4284	310	38	’s	’s	PART
ejge-4284	310	39	consolidation	consolidation	NOUN
ejge-4284	310	40	effort	effort	NOUN
ejge-4284	310	41	.	.	PUNCT
ejge-4284	311	1	these	these	DET
ejge-4284	311	2	rebalancing	rebalancing	NOUN
ejge-4284	311	3	efforts	effort	NOUN
ejge-4284	311	4	in	in	ADP
ejge-4284	311	5	the	the	DET
ejge-4284	311	6	irish	irish	ADJ
ejge-4284	311	7	economy	economy	NOUN
ejge-4284	311	8	are	be	AUX
ejge-4284	311	9	further	far	ADV
ejge-4284	311	10	supported	support	VERB
ejge-4284	311	11	by	by	ADP
ejge-4284	311	12	the	the	DET
ejge-4284	311	13	return	return	NOUN
ejge-4284	311	14	to	to	ADP
ejge-4284	311	15	the	the	DET
ejge-4284	311	16	capital	capital	NOUN
ejge-4284	311	17	markets	market	NOUN
ejge-4284	311	18	during	during	ADP
ejge-4284	311	19	2012	2012	NUM
ejge-4284	311	20	.	.	PUNCT
ejge-4284	312	1	by	by	ADP
ejge-4284	312	2	contrast	contrast	NOUN
ejge-4284	312	3	,	,	PUNCT
ejge-4284	312	4	greece	greece	PROPN
ejge-4284	312	5	suffers	suffer	VERB
ejge-4284	312	6	from	from	ADP
ejge-4284	312	7	continued	continue	VERB
ejge-4284	312	8	poor	poor	ADJ
ejge-4284	312	9	competitiveness	competitiveness	NOUN
ejge-4284	312	10	(	(	PUNCT
ejge-4284	312	11	a	a	DET
ejge-4284	312	12	high	high	ADJ
ejge-4284	312	13	real	real	ADJ
ejge-4284	312	14	exchange	exchange	NOUN
ejge-4284	312	15	rate	rate	NOUN
ejge-4284	312	16	and	and	CCONJ
ejge-4284	312	17	continued	continued	ADJ
ejge-4284	312	18	high	high	ADJ
ejge-4284	312	19	unit	unit	NOUN
ejge-4284	312	20	labour	labour	NOUN
ejge-4284	312	21	cost	cost	NOUN
ejge-4284	312	22	growth	growth	NOUN
ejge-4284	312	23	)	)	PUNCT
ejge-4284	312	24	which	which	PRON
ejge-4284	312	25	,	,	PUNCT
ejge-4284	312	26	combined	combine	VERB
ejge-4284	312	27	with	with	ADP
ejge-4284	312	28	a	a	DET
ejge-4284	312	29	large	large	ADJ
ejge-4284	312	30	current	current	ADJ
ejge-4284	312	31	account	account	NOUN
ejge-4284	312	32	surplus	surplus	NOUN
ejge-4284	312	33	,	,	PUNCT
ejge-4284	312	34	underscores	underscore	VERB
ejge-4284	312	35	the	the	DET
ejge-4284	312	36	apparent	apparent	ADJ
ejge-4284	312	37	difficulty	difficulty	NOUN
ejge-4284	312	38	for	for	SCONJ
ejge-4284	312	39	the	the	DET
ejge-4284	312	40	government	government	NOUN
ejge-4284	312	41	to	to	PART
ejge-4284	312	42	achieve	achieve	VERB
ejge-4284	312	43	lasting	last	VERB
ejge-4284	312	44	fiscal	fiscal	ADJ
ejge-4284	312	45	consolidation	consolidation	NOUN
ejge-4284	312	46	.	.	PUNCT
ejge-4284	313	1	the	the	DET
ejge-4284	313	2	relatively	relatively	ADV
ejge-4284	313	3	low	low	ADJ
ejge-4284	313	4	likelihood	likelihood	NOUN
ejge-4284	313	5	shown	show	VERB
ejge-4284	313	6	for	for	ADP
ejge-4284	313	7	greece	greece	PROPN
ejge-4284	313	8	in	in	ADP
ejge-4284	313	9	figure	figure	NOUN
ejge-4284	313	10	2	2	NUM
ejge-4284	313	11	was	be	AUX
ejge-4284	313	12	confirmed	confirm	VERB
ejge-4284	313	13	by	by	ADP
ejge-4284	313	14	the	the	DET
ejge-4284	313	15	need	need	NOUN
ejge-4284	313	16	to	to	PART
ejge-4284	313	17	restructure	restructure	VERB
ejge-4284	313	18	its	its	PRON
ejge-4284	313	19	government	government	NOUN
ejge-4284	313	20	debt	debt	NOUN
ejge-4284	313	21	in	in	ADP
ejge-4284	313	22	spring	spring	NOUN
ejge-4284	313	23	2012	2012	NUM
ejge-4284	313	24	.	.	PUNCT
ejge-4284	314	1	portugal	portugal	PROPN
ejge-4284	314	2	’s	’s	PART
ejge-4284	314	3	problems	problem	NOUN
ejge-4284	314	4	are	be	AUX
ejge-4284	314	5	also	also	ADV
ejge-4284	314	6	related	relate	VERB
ejge-4284	314	7	to	to	ADP
ejge-4284	314	8	lack	lack	NOUN
ejge-4284	314	9	of	of	ADP
ejge-4284	314	10	competitiveness	competitiveness	NOUN
ejge-4284	314	11	and	and	CCONJ
ejge-4284	314	12	continued	continue	VERB
ejge-4284	314	13	high	high	ADJ
ejge-4284	314	14	current	current	ADJ
ejge-4284	314	15	account	account	NOUN
ejge-4284	314	16	deficit	deficit	NOUN
ejge-4284	314	17	.	.	PUNCT
ejge-4284	315	1	another	another	DET
ejge-4284	315	2	finding	finding	NOUN
ejge-4284	315	3	is	be	AUX
ejge-4284	315	4	that	that	SCONJ
ejge-4284	315	5	countries	country	NOUN
ejge-4284	315	6	with	with	ADP
ejge-4284	315	7	less	less	ADV
ejge-4284	315	8	dominant	dominant	ADJ
ejge-4284	315	9	‘	'	PUNCT
ejge-4284	315	10	push	push	NOUN
ejge-4284	315	11	’	'	PUNCT
ejge-4284	315	12	factors	factor	NOUN
ejge-4284	315	13	(	(	PUNCT
ejge-4284	315	14	lower	low	ADJ
ejge-4284	315	15	interest	interest	NOUN
ejge-4284	315	16	payments	payment	NOUN
ejge-4284	315	17	like	like	ADP
ejge-4284	315	18	spain	spain	PROPN
ejge-4284	315	19	or	or	CCONJ
ejge-4284	315	20	stronger	strong	ADJ
ejge-4284	315	21	capb	capb	NOUN
ejge-4284	315	22	position	position	NOUN
ejge-4284	315	23	like	like	ADP
ejge-4284	315	24	italy	italy	PROPN
ejge-4284	315	25	)	)	PUNCT
ejge-4284	315	26	show	show	VERB
ejge-4284	315	27	also	also	ADV
ejge-4284	315	28	a	a	DET
ejge-4284	315	29	relatively	relatively	ADV
ejge-4284	315	30	lower	low	ADJ
ejge-4284	315	31	probability	probability	NOUN
ejge-4284	315	32	of	of	ADP
ejge-4284	315	33	sustaining	sustain	VERB
ejge-4284	315	34	long	long	ADJ
ejge-4284	315	35	consolidations	consolidation	NOUN
ejge-4284	315	36	.	.	PUNCT
ejge-4284	316	1	as	as	SCONJ
ejge-4284	316	2	discussed	discuss	VERB
ejge-4284	316	3	above	above	ADV
ejge-4284	316	4	,	,	PUNCT
ejge-4284	316	5	one	one	PRON
ejge-4284	316	6	needs	need	VERB
ejge-4284	316	7	to	to	PART
ejge-4284	316	8	recall	recall	VERB
ejge-4284	316	9	that	that	SCONJ
ejge-4284	316	10	this	this	DET
ejge-4284	316	11	analysis	analysis	NOUN
ejge-4284	316	12	uses	use	VERB
ejge-4284	316	13	as	as	ADP
ejge-4284	316	14	the	the	DET
ejge-4284	316	15	starting	starting	NOUN
ejge-4284	316	16	point	point	NOUN
ejge-4284	316	17	the	the	DET
ejge-4284	316	18	situation	situation	NOUN
ejge-4284	316	19	in	in	ADP
ejge-4284	316	20	2010.15	2010.15	NUM
ejge-4284	316	21	developments	development	NOUN
ejge-4284	316	22	during	during	ADP
ejge-4284	316	23	2011	2011	NUM
ejge-4284	316	24	would	would	AUX
ejge-4284	316	25	perhaps	perhaps	ADV
ejge-4284	316	26	have	have	AUX
ejge-4284	316	27	heightened	heighten	VERB
ejge-4284	316	28	concerns	concern	NOUN
ejge-4284	316	29	that	that	SCONJ
ejge-4284	316	30	these	these	DET
ejge-4284	316	31	countries	country	NOUN
ejge-4284	316	32	also	also	ADV
ejge-4284	316	33	needed	need	VERB
ejge-4284	316	34	to	to	PART
ejge-4284	316	35	implement	implement	VERB
ejge-4284	316	36	consolidation	consolidation	NOUN
ejge-4284	316	37	in	in	ADP
ejge-4284	316	38	the	the	DET
ejge-4284	316	39	coming	come	VERB
ejge-4284	316	40	years	year	NOUN
ejge-4284	316	41	.	.	PUNCT
ejge-4284	317	1	moreover	moreover	ADV
ejge-4284	317	2	,	,	PUNCT
ejge-4284	317	3	the	the	DET
ejge-4284	317	4	estimates	estimate	NOUN
ejge-4284	317	5	omit	omit	VERB
ejge-4284	317	6	some	some	DET
ejge-4284	317	7	important	important	ADJ
ejge-4284	317	8	elements	element	NOUN
ejge-4284	317	9	to	to	ADP
ejge-4284	317	10	the	the	DET
ejge-4284	317	11	current	current	ADJ
ejge-4284	317	12	efforts	effort	NOUN
ejge-4284	317	13	,	,	PUNCT
ejge-4284	317	14	such	such	ADJ
ejge-4284	317	15	as	as	ADP
ejge-4284	317	16	the	the	DET
ejge-4284	317	17	role	role	NOUN
ejge-4284	317	18	of	of	ADP
ejge-4284	317	19	the	the	DET
ejge-4284	317	20	institutional	institutional	ADJ
ejge-4284	317	21	framework	framework	NOUN
ejge-4284	317	22	of	of	ADP
ejge-4284	317	23	the	the	DET
ejge-4284	317	24	eu	eu	PROPN
ejge-4284	317	25	/	/	SYM
ejge-4284	317	26	imf	imf	ADJ
ejge-4284	317	27	programmes	programme	NOUN
ejge-4284	317	28	in	in	ADP
ejge-4284	317	29	sustaining	sustain	VERB
ejge-4284	317	30	consolidations.16	consolidations.16	PROPN
ejge-4284	317	31	conclusions	conclusion	NOUN
ejge-4284	317	32	this	this	DET
ejge-4284	317	33	article	article	NOUN
ejge-4284	317	34	has	have	AUX
ejge-4284	317	35	presented	present	VERB
ejge-4284	317	36	analysis	analysis	NOUN
ejge-4284	317	37	of	of	ADP
ejge-4284	317	38	the	the	DET
ejge-4284	317	39	factors	factor	NOUN
ejge-4284	317	40	affecting	affect	VERB
ejge-4284	317	41	the	the	DET
ejge-4284	317	42	duration	duration	NOUN
ejge-4284	317	43	of	of	ADP
ejge-4284	317	44	past	past	ADJ
ejge-4284	317	45	consolidations	consolidation	NOUN
ejge-4284	317	46	in	in	ADP
ejge-4284	317	47	advanced	advanced	ADJ
ejge-4284	317	48	economies	economy	NOUN
ejge-4284	317	49	.	.	PUNCT
ejge-4284	318	1	our	our	PRON
ejge-4284	318	2	analysis	analysis	NOUN
ejge-4284	318	3	suggests	suggest	VERB
ejge-4284	318	4	that	that	SCONJ
ejge-4284	318	5	the	the	DET
ejge-4284	318	6	starting	starting	NOUN
ejge-4284	318	7	point	point	NOUN
ejge-4284	318	8	matters	matter	VERB
ejge-4284	318	9	–	–	PUNCT
ejge-4284	318	10	the	the	DET
ejge-4284	318	11	fiscal	fiscal	ADJ
ejge-4284	318	12	and	and	CCONJ
ejge-4284	318	13	macroeconomic	macroeconomic	ADJ
ejge-4284	318	14	conditions	condition	NOUN
ejge-4284	318	15	appear	appear	VERB
ejge-4284	318	16	to	to	PART
ejge-4284	318	17	influence	influence	VERB
ejge-4284	318	18	the	the	DET
ejge-4284	318	19	success	success	NOUN
ejge-4284	318	20	of	of	ADP
ejge-4284	318	21	governments	government	NOUN
ejge-4284	318	22	in	in	ADP
ejge-4284	318	23	sustaining	sustain	VERB
ejge-4284	318	24	lengthy	lengthy	ADJ
ejge-4284	318	25	consolidations	consolidation	NOUN
ejge-4284	318	26	.	.	PUNCT
ejge-4284	319	1	in	in	ADP
ejge-4284	319	2	line	line	NOUN
ejge-4284	319	3	with	with	ADP
ejge-4284	319	4	the	the	DET
ejge-4284	319	5	literature	literature	NOUN
ejge-4284	319	6	,	,	PUNCT
ejge-4284	319	7	we	we	PRON
ejge-4284	319	8	find	find	VERB
ejge-4284	319	9	that	that	SCONJ
ejge-4284	319	10	governments	government	NOUN
ejge-4284	319	11	often	often	ADV
ejge-4284	319	12	appear	appear	VERB
ejge-4284	319	13	to	to	PART
ejge-4284	319	14	have	have	AUX
ejge-4284	319	15	been	be	AUX
ejge-4284	319	16	‘	'	PUNCT
ejge-4284	319	17	pushed	push	VERB
ejge-4284	319	18	’	'	PUNCT
ejge-4284	319	19	towards	towards	ADP
ejge-4284	319	20	sustained	sustain	VERB
ejge-4284	319	21	fiscal	fiscal	ADJ
ejge-4284	319	22	consolidations	consolidation	NOUN
ejge-4284	319	23	–	–	PUNCT
ejge-4284	319	24	the	the	DET
ejge-4284	319	25	duration	duration	NOUN
ejge-4284	319	26	of	of	ADP
ejge-4284	319	27	consolidation	consolidation	NOUN
ejge-4284	319	28	is	be	AUX
ejge-4284	319	29	driven	drive	VERB
ejge-4284	319	30	by	by	ADP
ejge-4284	319	31	the	the	DET
ejge-4284	319	32	need	need	NOUN
ejge-4284	319	33	to	to	PART
ejge-4284	319	34	adjust	adjust	VERB
ejge-4284	319	35	course	course	NOUN
ejge-4284	319	36	:	:	PUNCT
ejge-4284	319	37	longer	long	ADJ
ejge-4284	319	38	consolidations	consolidation	NOUN
ejge-4284	319	39	occur	occur	VERB
ejge-4284	319	40	when	when	SCONJ
ejge-4284	319	41	public	public	ADJ
ejge-4284	319	42	debt	debt	NOUN
ejge-4284	319	43	is	be	AUX
ejge-4284	319	44	high	high	ADJ
ejge-4284	319	45	,	,	PUNCT
ejge-4284	319	46	fiscal	fiscal	ADJ
ejge-4284	319	47	deficits	deficit	NOUN
ejge-4284	319	48	are	be	AUX
ejge-4284	319	49	large	large	ADJ
ejge-4284	319	50	,	,	PUNCT
ejge-4284	319	51	the	the	DET
ejge-4284	319	52	interest	interest	NOUN
ejge-4284	319	53	burden	burden	NOUN
ejge-4284	319	54	heavy	heavy	ADJ
ejge-4284	319	55	and	and	CCONJ
ejge-4284	319	56	long	long	ADJ
ejge-4284	319	57	-	-	PUNCT
ejge-4284	319	58	term	term	NOUN
ejge-4284	319	59	bond	bond	NOUN
ejge-4284	319	60	yields	yield	NOUN
ejge-4284	319	61	elevated	elevate	VERB
ejge-4284	319	62	.	.	PUNCT
ejge-4284	320	1	our	our	PRON
ejge-4284	320	2	contribution	contribution	NOUN
ejge-4284	320	3	to	to	ADP
ejge-4284	320	4	the	the	DET
ejge-4284	320	5	literature	literature	NOUN
ejge-4284	320	6	is	be	AUX
ejge-4284	320	7	to	to	PART
ejge-4284	320	8	put	put	VERB
ejge-4284	320	9	considerably	considerably	ADV
ejge-4284	320	10	more	more	ADJ
ejge-4284	320	11	emphasis	emphasis	NOUN
ejge-4284	320	12	on	on	ADP
ejge-4284	320	13	the	the	DET
ejge-4284	320	14	macroeconomic	macroeconomic	ADJ
ejge-4284	320	15	backdrop	backdrop	NOUN
ejge-4284	320	16	to	to	PART
ejge-4284	320	17	consolidation	consolidation	VERB
ejge-4284	320	18	episodes	episode	NOUN
ejge-4284	320	19	.	.	PUNCT
ejge-4284	321	1	we	we	PRON
ejge-4284	321	2	find	find	VERB
ejge-4284	321	3	that	that	SCONJ
ejge-4284	321	4	other	other	ADJ
ejge-4284	321	5	factors	factor	NOUN
ejge-4284	321	6	,	,	PUNCT
ejge-4284	321	7	what	what	PRON
ejge-4284	321	8	we	we	PRON
ejge-4284	321	9	call	call	VERB
ejge-4284	321	10	pull	pull	NOUN
ejge-4284	321	11	factors	factor	NOUN
ejge-4284	321	12	,	,	PUNCT
ejge-4284	321	13	affect	affect	VERB
ejge-4284	321	14	the	the	DET
ejge-4284	321	15	duration	duration	NOUN
ejge-4284	321	16	of	of	ADP
ejge-4284	321	17	consolidations	consolidation	NOUN
ejge-4284	321	18	:	:	PUNCT
ejge-4284	321	19	a	a	DET
ejge-4284	321	20	countries	country	NOUN
ejge-4284	321	21	’	'	PUNCT
ejge-4284	321	22	capacity	capacity	NOUN
ejge-4284	321	23	to	to	PART
ejge-4284	321	24	change	change	VERB
ejge-4284	321	25	course	course	NOUN
ejge-4284	321	26	or	or	CCONJ
ejge-4284	321	27	its	its	PRON
ejge-4284	321	28	room	room	NOUN
ejge-4284	321	29	for	for	ADP
ejge-4284	321	30	manoeuvre	manoeuvre	NOUN
ejge-4284	321	31	is	be	AUX
ejge-4284	321	32	important	important	ADJ
ejge-4284	321	33	.	.	PUNCT
ejge-4284	322	1	higher	high	ADJ
ejge-4284	322	2	initial	initial	ADJ
ejge-4284	322	3	private	private	ADJ
ejge-4284	322	4	sector	sector	NOUN
ejge-4284	322	5	savings	saving	NOUN
ejge-4284	322	6	and	and	CCONJ
ejge-4284	322	7	a	a	DET
ejge-4284	322	8	stronger	strong	ADJ
ejge-4284	322	9	external	external	ADJ
ejge-4284	322	10	balance	balance	NOUN
ejge-4284	322	11	appear	appear	VERB
ejge-4284	322	12	to	to	PART
ejge-4284	322	13	help	help	VERB
ejge-4284	322	14	governments	government	NOUN
ejge-4284	322	15	sustain	sustain	VERB
ejge-4284	322	16	longer	long	ADV
ejge-4284	322	17	-	-	PUNCT
ejge-4284	322	18	lasting	last	VERB
ejge-4284	322	19	consolidations	consolidation	NOUN
ejge-4284	322	20	.	.	PUNCT
ejge-4284	323	1	the	the	DET
ejge-4284	323	2	important	important	ADJ
ejge-4284	323	3	role	role	NOUN
ejge-4284	323	4	for	for	ADP
ejge-4284	323	5	competitiveness	competitiveness	NOUN
ejge-4284	323	6	is	be	AUX
ejge-4284	323	7	underlined	underline	VERB
ejge-4284	323	8	:	:	PUNCT
ejge-4284	323	9	a	a	DET
ejge-4284	323	10	more	more	ADV
ejge-4284	323	11	competitive	competitive	ADJ
ejge-4284	323	12	real	real	ADJ
ejge-4284	323	13	exchange	exchange	NOUN
ejge-4284	323	14	rate	rate	NOUN
ejge-4284	323	15	in	in	ADP
ejge-4284	323	16	the	the	DET
ejge-4284	323	17	lead	lead	NOUN
ejge-4284	323	18	-	-	PUNCT
ejge-4284	323	19	up	up	NOUN
ejge-4284	323	20	to	to	ADP
ejge-4284	323	21	a	a	DET
ejge-4284	323	22	consolidation	consolidation	NOUN
ejge-4284	323	23	tends	tend	VERB
ejge-4284	323	24	to	to	PART
ejge-4284	323	25	increase	increase	VERB
ejge-4284	323	26	the	the	DET
ejge-4284	323	27	likelihood	likelihood	NOUN
ejge-4284	323	28	of	of	ADP
ejge-4284	323	29	a	a	DET
ejge-4284	323	30	sustained	sustain	VERB
ejge-4284	323	31	fiscal	fiscal	ADJ
ejge-4284	323	32	adjustment	adjustment	NOUN
ejge-4284	323	33	.	.	PUNCT
ejge-4284	324	1	finally	finally	ADV
ejge-4284	324	2	,	,	PUNCT
ejge-4284	324	3	in	in	ADP
ejge-4284	324	4	contrast	contrast	NOUN
ejge-4284	324	5	to	to	ADP
ejge-4284	324	6	some	some	DET
ejge-4284	324	7	studies	study	NOUN
ejge-4284	324	8	in	in	ADP
ejge-4284	324	9	the	the	DET
ejge-4284	324	10	literature	literature	NOUN
ejge-4284	324	11	,	,	PUNCT
ejge-4284	324	12	we	we	PRON
ejge-4284	324	13	also	also	ADV
ejge-4284	324	14	find	find	VERB
ejge-4284	324	15	that	that	SCONJ
ejge-4284	324	16	there	there	PRON
ejge-4284	324	17	is	be	VERB
ejge-4284	324	18	less	less	ADJ
ejge-4284	324	19	prominence	prominence	NOUN
ejge-4284	324	20	for	for	ADP
ejge-4284	324	21	factors	factor	NOUN
ejge-4284	324	22	that	that	PRON
ejge-4284	324	23	might	might	AUX
ejge-4284	324	24	indicate	indicate	VERB
ejge-4284	324	25	a	a	DET
ejge-4284	324	26	government	government	NOUN
ejge-4284	324	27	’s	’s	PART
ejge-4284	324	28	willingness	willingness	NOUN
ejge-4284	324	29	or	or	CCONJ
ejge-4284	324	30	resolve	resolve	VERB
ejge-4284	324	31	in	in	ADP
ejge-4284	324	32	its	its	PRON
ejge-4284	324	33	approach	approach	NOUN
ejge-4284	324	34	to	to	ADP
ejge-4284	324	35	consolidation	consolidation	NOUN
ejge-4284	324	36	.	.	PUNCT
ejge-4284	325	1	in	in	ADP
ejge-4284	325	2	particular	particular	ADJ
ejge-4284	325	3	,	,	PUNCT
ejge-4284	325	4	once	once	SCONJ
ejge-4284	325	5	we	we	PRON
ejge-4284	325	6	have	have	AUX
ejge-4284	325	7	accounted	account	VERB
ejge-4284	325	8	for	for	ADP
ejge-4284	325	9	the	the	DET
ejge-4284	325	10	role	role	NOUN
ejge-4284	325	11	macroeconomic	macroeconomic	ADJ
ejge-4284	325	12	conditions	condition	NOUN
ejge-4284	325	13	,	,	PUNCT
ejge-4284	325	14	the	the	DET
ejge-4284	325	15	composition	composition	NOUN
ejge-4284	325	16	of	of	ADP
ejge-4284	325	17	the	the	DET
ejge-4284	325	18	fiscal	fiscal	ADJ
ejge-4284	325	19	adjustment	adjustment	NOUN
ejge-4284	325	20	–	–	PUNCT
ejge-4284	325	21	the	the	DET
ejge-4284	325	22	split	split	NOUN
ejge-4284	325	23	between	between	ADP
ejge-4284	325	24	expenditure	expenditure	NOUN
ejge-4284	325	25	and	and	CCONJ
ejge-4284	325	26	revenue	revenue	NOUN
ejge-4284	325	27	measures	measure	NOUN
ejge-4284	325	28	–	–	PUNCT
ejge-4284	325	29	does	do	AUX
ejge-4284	325	30	not	not	PART
ejge-4284	325	31	appear	appear	VERB
ejge-4284	325	32	to	to	PART
ejge-4284	325	33	be	be	AUX
ejge-4284	325	34	a	a	DET
ejge-4284	325	35	significant	significant	ADJ
ejge-4284	325	36	determinant	determinant	NOUN
ejge-4284	325	37	of	of	ADP
ejge-4284	325	38	the	the	DET
ejge-4284	325	39	duration	duration	NOUN
ejge-4284	325	40	of	of	ADP
ejge-4284	325	41	consolidation	consolidation	NOUN
ejge-4284	325	42	.	.	PUNCT
ejge-4284	326	1	however	however	ADV
ejge-4284	326	2	,	,	PUNCT
ejge-4284	326	3	commitment	commitment	NOUN
ejge-4284	326	4	to	to	ADP
ejge-4284	326	5	permanent	permanent	ADJ
ejge-4284	326	6	,	,	PUNCT
ejge-4284	326	7	rather	rather	ADV
ejge-4284	326	8	than	than	ADP
ejge-4284	326	9	temporary	temporary	ADJ
ejge-4284	326	10	,	,	PUNCT
ejge-4284	326	11	fiscal	fiscal	ADJ
ejge-4284	326	12	adjustment	adjustment	NOUN
ejge-4284	326	13	is	be	AUX
ejge-4284	326	14	key	key	ADJ
ejge-4284	326	15	.	.	PUNCT
ejge-4284	327	1	15	15	NUM
ejge-4284	328	1	the	the	DET
ejge-4284	328	2	regression	regression	NOUN
ejge-4284	328	3	estimates	estimate	NOUN
ejge-4284	328	4	use	use	VERB
ejge-4284	328	5	the	the	DET
ejge-4284	328	6	situation	situation	NOUN
ejge-4284	328	7	in	in	ADP
ejge-4284	328	8	the	the	DET
ejge-4284	328	9	year	year	NOUN
ejge-4284	328	10	before	before	SCONJ
ejge-4284	328	11	consolidation	consolidation	NOUN
ejge-4284	328	12	began	begin	VERB
ejge-4284	328	13	.	.	PUNCT
ejge-4284	329	1	in	in	ADP
ejge-4284	329	2	this	this	DET
ejge-4284	329	3	framework	framework	NOUN
ejge-4284	329	4	,	,	PUNCT
ejge-4284	329	5	for	for	ADP
ejge-4284	329	6	an	an	DET
ejge-4284	329	7	assessment	assessment	NOUN
ejge-4284	329	8	of	of	ADP
ejge-4284	329	9	the	the	DET
ejge-4284	329	10	consolidation	consolidation	NOUN
ejge-4284	329	11	prospects	prospect	NOUN
ejge-4284	329	12	from	from	ADP
ejge-4284	329	13	2011	2011	NUM
ejge-4284	329	14	onwards	onward	NOUN
ejge-4284	329	15	,	,	PUNCT
ejge-4284	329	16	it	it	PRON
ejge-4284	329	17	is	be	AUX
ejge-4284	329	18	therefore	therefore	ADV
ejge-4284	329	19	the	the	DET
ejge-4284	329	20	situation	situation	NOUN
ejge-4284	329	21	in	in	ADP
ejge-4284	329	22	2010	2010	NUM
ejge-4284	329	23	that	that	PRON
ejge-4284	329	24	affects	affect	VERB
ejge-4284	329	25	the	the	DET
ejge-4284	329	26	length	length	NOUN
ejge-4284	329	27	of	of	ADP
ejge-4284	329	28	consolidation	consolidation	NOUN
ejge-4284	329	29	.	.	PUNCT
ejge-4284	330	1	16	16	NUM
ejge-4284	330	2	see	see	VERB
ejge-4284	330	3	,	,	PUNCT
ejge-4284	330	4	for	for	ADP
ejge-4284	330	5	example	example	NOUN
ejge-4284	330	6	,	,	PUNCT
ejge-4284	330	7	gupta	gupta	PROPN
ejge-4284	330	8	et	et	PROPN
ejge-4284	330	9	al	al	PROPN
ejge-4284	330	10	.	.	PROPN
ejge-4284	330	11	(	(	PUNCT
ejge-4284	330	12	2004	2004	NUM
ejge-4284	330	13	)	)	PUNCT
ejge-4284	330	14	who	who	PRON
ejge-4284	330	15	analyse	analyse	VERB
ejge-4284	330	16	a	a	DET
ejge-4284	330	17	wide	wide	ADJ
ejge-4284	330	18	dataset	dataset	NOUN
ejge-4284	330	19	for	for	ADP
ejge-4284	330	20	countries	country	NOUN
ejge-4284	330	21	with	with	ADP
ejge-4284	330	22	imf	imf	NOUN
ejge-4284	330	23	-	-	PUNCT
ejge-4284	330	24	supported	support	VERB
ejge-4284	330	25	programmes	programme	NOUN
ejge-4284	330	26	in	in	ADP
ejge-4284	330	27	the	the	DET
ejge-4284	330	28	1990s	1990s	NUM
ejge-4284	330	29	.	.	PUNCT
ejge-4284	331	1	european	european	ADJ
ejge-4284	331	2	journal	journal	PROPN
ejge-4284	331	3	of	of	ADP
ejge-4284	331	4	government	government	NOUN
ejge-4284	331	5	and	and	CCONJ
ejge-4284	331	6	economics	economic	NOUN
ejge-4284	331	7	2(1	2(1	NUM
ejge-4284	331	8	)	)	PUNCT
ejge-4284	331	9	22	22	NUM
ejge-4284	331	10	references	reference	NOUN
ejge-4284	331	11	afonso	afonso	PROPN
ejge-4284	331	12	,	,	PUNCT
ejge-4284	331	13	antónio	antónio	PROPN
ejge-4284	331	14	(	(	PUNCT
ejge-4284	331	15	2010	2010	NUM
ejge-4284	331	16	)	)	PUNCT
ejge-4284	331	17	‘	'	PUNCT
ejge-4284	331	18	expansionary	expansionary	ADJ
ejge-4284	331	19	fiscal	fiscal	ADJ
ejge-4284	331	20	consolidations	consolidation	NOUN
ejge-4284	331	21	in	in	ADP
ejge-4284	331	22	europe	europe	PROPN
ejge-4284	331	23	:	:	PUNCT
ejge-4284	331	24	new	new	ADJ
ejge-4284	331	25	evidence	evidence	NOUN
ejge-4284	331	26	’	'	PUNCT
ejge-4284	331	27	,	,	PUNCT
ejge-4284	331	28	applied	apply	VERB
ejge-4284	331	29	economics	economic	NOUN
ejge-4284	331	30	letters	letter	NOUN
ejge-4284	331	31	17(2	17(2	NOUN
ejge-4284	331	32	):	):	PUNCT
ejge-4284	331	33	105	105	NUM
ejge-4284	331	34	-	-	SYM
ejge-4284	331	35	109	109	NUM
ejge-4284	331	36	.	.	PUNCT
ejge-4284	332	1	agnello	agnello	PROPN
ejge-4284	332	2	,	,	PUNCT
ejge-4284	332	3	luca	luca	PROPN
ejge-4284	332	4	,	,	PUNCT
ejge-4284	332	5	vitor	vitor	PROPN
ejge-4284	332	6	castro	castro	PROPN
ejge-4284	332	7	and	and	CCONJ
ejge-4284	332	8	ricardo	ricardo	PROPN
ejge-4284	332	9	sousa	sousa	PROPN
ejge-4284	332	10	(	(	PUNCT
ejge-4284	332	11	2012	2012	NUM
ejge-4284	332	12	)	)	PUNCT
ejge-4284	332	13	‘	'	PUNCT
ejge-4284	332	14	what	what	PRON
ejge-4284	332	15	determines	determine	VERB
ejge-4284	332	16	the	the	DET
ejge-4284	332	17	duration	duration	NOUN
ejge-4284	332	18	of	of	ADP
ejge-4284	332	19	a	a	DET
ejge-4284	332	20	fiscal	fiscal	ADJ
ejge-4284	332	21	consolidation	consolidation	NOUN
ejge-4284	332	22	program	program	NOUN
ejge-4284	332	23	?	?	PUNCT
ejge-4284	332	24	’	'	PUNCT
ejge-4284	332	25	,	,	PUNCT
ejge-4284	332	26	nipe	nipe	NOUN
ejge-4284	332	27	working	working	NOUN
ejge-4284	332	28	paper	paper	NOUN
ejge-4284	332	29	no	no	DET
ejge-4284	332	30	17	17	NUM
ejge-4284	332	31	.	.	PUNCT
ejge-4284	333	1	ahrend	ahrend	NOUN
ejge-4284	333	2	,	,	PUNCT
ejge-4284	333	3	rudiger	rudiger	NOUN
ejge-4284	333	4	,	,	PUNCT
ejge-4284	333	5	pietro	pietro	NOUN
ejge-4284	333	6	catte	catte	PROPN
ejge-4284	333	7	and	and	CCONJ
ejge-4284	333	8	robert	robert	PROPN
ejge-4284	333	9	price	price	PROPN
ejge-4284	333	10	(	(	PUNCT
ejge-4284	333	11	2006	2006	NUM
ejge-4284	333	12	)	)	PUNCT
ejge-4284	333	13	‘	'	PUNCT
ejge-4284	333	14	interactions	interaction	NOUN
ejge-4284	333	15	between	between	ADP
ejge-4284	333	16	monetary	monetary	ADJ
ejge-4284	333	17	and	and	CCONJ
ejge-4284	333	18	fiscal	fiscal	ADJ
ejge-4284	333	19	policy	policy	NOUN
ejge-4284	333	20	:	:	PUNCT
ejge-4284	333	21	how	how	SCONJ
ejge-4284	333	22	monetary	monetary	ADJ
ejge-4284	333	23	conditions	condition	NOUN
ejge-4284	333	24	affect	affect	VERB
ejge-4284	333	25	fiscal	fiscal	ADJ
ejge-4284	333	26	consolidation	consolidation	NOUN
ejge-4284	333	27	’	'	PUNCT
ejge-4284	333	28	,	,	PUNCT
ejge-4284	333	29	oecd	oecd	PROPN
ejge-4284	333	30	working	working	NOUN
ejge-4284	333	31	paper	paper	NOUN
ejge-4284	333	32	,	,	PUNCT
ejge-4284	333	33	no	no	DET
ejge-4284	333	34	521	521	NUM
ejge-4284	333	35	.	.	PUNCT
ejge-4284	333	36	alesina	alesina	PROPN
ejge-4284	333	37	,	,	PUNCT
ejge-4284	333	38	alberto	alberto	PROPN
ejge-4284	333	39	and	and	CCONJ
ejge-4284	333	40	silvia	silvia	PROPN
ejge-4284	333	41	ardagna	ardagna	PROPN
ejge-4284	333	42	(	(	PUNCT
ejge-4284	333	43	1998	1998	NUM
ejge-4284	333	44	)	)	PUNCT
ejge-4284	333	45	‘	'	PUNCT
ejge-4284	333	46	tales	tale	NOUN
ejge-4284	333	47	of	of	ADP
ejge-4284	333	48	fiscal	fiscal	ADJ
ejge-4284	333	49	adjustment	adjustment	NOUN
ejge-4284	333	50	’	'	PUNCT
ejge-4284	333	51	,	,	PUNCT
ejge-4284	333	52	economic	economic	ADJ
ejge-4284	333	53	policy	policy	NOUN
ejge-4284	333	54	13(27	13(27	NUM
ejge-4284	333	55	):	):	PUNCT
ejge-4284	333	56	487	487	NUM
ejge-4284	333	57	-	-	SYM
ejge-4284	333	58	545	545	NUM
ejge-4284	333	59	.	.	PUNCT
ejge-4284	334	1	alesina	alesina	PROPN
ejge-4284	334	2	,	,	PUNCT
ejge-4284	334	3	alberto	alberto	PROPN
ejge-4284	334	4	and	and	CCONJ
ejge-4284	334	5	roberto	roberto	PROPN
ejge-4284	334	6	perotti	perotti	PROPN
ejge-4284	334	7	(	(	PUNCT
ejge-4284	334	8	1995	1995	NUM
ejge-4284	334	9	)	)	PUNCT
ejge-4284	334	10	‘	'	PUNCT
ejge-4284	334	11	fiscal	fiscal	ADJ
ejge-4284	334	12	expansions	expansion	NOUN
ejge-4284	334	13	and	and	CCONJ
ejge-4284	334	14	fiscal	fiscal	ADJ
ejge-4284	334	15	adjustments	adjustment	NOUN
ejge-4284	334	16	in	in	ADP
ejge-4284	334	17	oecd	oecd	PROPN
ejge-4284	334	18	countries	country	NOUN
ejge-4284	334	19	’	'	PUNCT
ejge-4284	334	20	,	,	PUNCT
ejge-4284	334	21	economic	economic	ADJ
ejge-4284	334	22	policy	policy	NOUN
ejge-4284	334	23	21(2	21(2	NUM
ejge-4284	334	24	):	):	PUNCT
ejge-4284	334	25	205	205	NUM
ejge-4284	334	26	-	-	SYM
ejge-4284	334	27	248	248	NUM
ejge-4284	334	28	.	.	PUNCT
ejge-4284	335	1	alesina	alesina	PROPN
ejge-4284	335	2	,	,	PUNCT
ejge-4284	335	3	alberto	alberto	PROPN
ejge-4284	335	4	and	and	CCONJ
ejge-4284	335	5	roberto	roberto	PROPN
ejge-4284	335	6	perotti	perotti	PROPN
ejge-4284	335	7	(	(	PUNCT
ejge-4284	335	8	1997	1997	NUM
ejge-4284	335	9	)	)	PUNCT
ejge-4284	335	10	‘	'	PUNCT
ejge-4284	335	11	fiscal	fiscal	ADJ
ejge-4284	335	12	adjustments	adjustment	NOUN
ejge-4284	335	13	in	in	ADP
ejge-4284	335	14	oecd	oecd	PROPN
ejge-4284	335	15	countries	country	NOUN
ejge-4284	335	16	:	:	PUNCT
ejge-4284	335	17	composition	composition	NOUN
ejge-4284	335	18	and	and	CCONJ
ejge-4284	335	19	macroeconomic	macroeconomic	ADJ
ejge-4284	335	20	effects	effect	NOUN
ejge-4284	335	21	’	'	PUNCT
ejge-4284	335	22	,	,	PUNCT
ejge-4284	335	23	imf	imf	PROPN
ejge-4284	335	24	staff	staff	NOUN
ejge-4284	335	25	papers	paper	NOUN
ejge-4284	335	26	44(2):210248	44(2):210248	NUM
ejge-4284	335	27	.	.	PUNCT
ejge-4284	335	28	alesina	alesina	PROPN
ejge-4284	335	29	,	,	PUNCT
ejge-4284	335	30	alberto	alberto	PROPN
ejge-4284	335	31	,	,	PUNCT
ejge-4284	335	32	roberto	roberto	PROPN
ejge-4284	335	33	perotti	perotti	PROPN
ejge-4284	335	34	and	and	CCONJ
ejge-4284	335	35	josé	josé	PROPN
ejge-4284	335	36	tavares	tavares	PROPN
ejge-4284	335	37	(	(	PUNCT
ejge-4284	335	38	1998	1998	NUM
ejge-4284	335	39	)	)	PUNCT
ejge-4284	335	40	‘	'	PUNCT
ejge-4284	335	41	the	the	DET
ejge-4284	335	42	political	political	ADJ
ejge-4284	335	43	economy	economy	NOUN
ejge-4284	335	44	of	of	ADP
ejge-4284	335	45	fiscal	fiscal	ADJ
ejge-4284	335	46	adjustments	adjustment	NOUN
ejge-4284	335	47	’	'	PUNCT
ejge-4284	335	48	,	,	PUNCT
ejge-4284	335	49	brookings	brookings	PROPN
ejge-4284	335	50	papers	paper	NOUN
ejge-4284	335	51	on	on	ADP
ejge-4284	335	52	economic	economic	ADJ
ejge-4284	335	53	activity	activity	NOUN
ejge-4284	335	54	29(1	29(1	NUM
ejge-4284	335	55	):	):	PUNCT
ejge-4284	335	56	197	197	NUM
ejge-4284	335	57	-	-	SYM
ejge-4284	335	58	266	266	NUM
ejge-4284	335	59	.	.	PUNCT
ejge-4284	336	1	ardagna	ardagna	NOUN
ejge-4284	336	2	,	,	PUNCT
ejge-4284	336	3	silvia	silvia	PROPN
ejge-4284	336	4	(	(	PUNCT
ejge-4284	336	5	2004	2004	NUM
ejge-4284	336	6	)	)	PUNCT
ejge-4284	336	7	‘	'	PUNCT
ejge-4284	336	8	fiscal	fiscal	ADJ
ejge-4284	336	9	stabilisations	stabilisation	NOUN
ejge-4284	336	10	:	:	PUNCT
ejge-4284	336	11	when	when	SCONJ
ejge-4284	336	12	do	do	AUX
ejge-4284	336	13	they	they	PRON
ejge-4284	336	14	work	work	VERB
ejge-4284	336	15	and	and	CCONJ
ejge-4284	336	16	why	why	SCONJ
ejge-4284	336	17	’	'	PUNCT
ejge-4284	336	18	,	,	PUNCT
ejge-4284	336	19	european	european	PROPN
ejge-4284	336	20	economic	economic	ADJ
ejge-4284	336	21	review	review	PROPN
ejge-4284	336	22	48(5	48(5	NUM
ejge-4284	336	23	):	):	PUNCT
ejge-4284	336	24	1047	1047	NUM
ejge-4284	336	25	-	-	SYM
ejge-4284	336	26	1074	1074	NUM
ejge-4284	336	27	.	.	PUNCT
ejge-4284	337	1	arjas	arjas	PROPN
ejge-4284	337	2	,	,	PUNCT
ejge-4284	337	3	e.	e.	PROPN
ejge-4284	337	4	(	(	PUNCT
ejge-4284	337	5	1988	1988	NUM
ejge-4284	337	6	)	)	PUNCT
ejge-4284	337	7	‘	'	PUNCT
ejge-4284	337	8	a	a	DET
ejge-4284	337	9	graphical	graphical	ADJ
ejge-4284	337	10	method	method	NOUN
ejge-4284	337	11	for	for	ADP
ejge-4284	337	12	assessing	assess	VERB
ejge-4284	337	13	goodness	goodness	NOUN
ejge-4284	337	14	of	of	ADP
ejge-4284	337	15	fit	fit	NOUN
ejge-4284	337	16	in	in	ADP
ejge-4284	337	17	cox	cox	PROPN
ejge-4284	337	18	’s	’s	PART
ejge-4284	337	19	proportional	proportional	PROPN
ejge-4284	337	20	hazards	hazard	NOUN
ejge-4284	337	21	model	model	PROPN
ejge-4284	337	22	’	'	PUNCT
ejge-4284	337	23	,	,	PUNCT
ejge-4284	337	24	journal	journal	NOUN
ejge-4284	337	25	of	of	ADP
ejge-4284	337	26	the	the	DET
ejge-4284	337	27	american	american	PROPN
ejge-4284	337	28	statistical	statistical	ADJ
ejge-4284	337	29	association	association	NOUN
ejge-4284	337	30	83(401	83(401	NOUN
ejge-4284	337	31	):	):	PUNCT
ejge-4284	337	32	204–212	204–212	NUM
ejge-4284	337	33	.	.	PUNCT
ejge-4284	338	1	baldacci	baldacci	PROPN
ejge-4284	338	2	,	,	PUNCT
ejge-4284	338	3	emanuele	emanuele	PROPN
ejge-4284	338	4	,	,	PUNCT
ejge-4284	338	5	sanjeev	sanjeev	PROPN
ejge-4284	338	6	gupta	gupta	PROPN
ejge-4284	338	7	and	and	CCONJ
ejge-4284	338	8	carlos	carlos	PROPN
ejge-4284	338	9	mulas	mulas	PROPN
ejge-4284	338	10	-	-	PUNCT
ejge-4284	338	11	granados	granados	PROPN
ejge-4284	338	12	(	(	PUNCT
ejge-4284	338	13	2010	2010	NUM
ejge-4284	338	14	)	)	PUNCT
ejge-4284	338	15	‘	'	PUNCT
ejge-4284	338	16	restoring	restore	VERB
ejge-4284	338	17	debt	debt	NOUN
ejge-4284	338	18	sustainability	sustainability	NOUN
ejge-4284	338	19	after	after	ADP
ejge-4284	338	20	crises	crisis	NOUN
ejge-4284	338	21	:	:	PUNCT
ejge-4284	338	22	implications	implication	NOUN
ejge-4284	338	23	for	for	ADP
ejge-4284	338	24	the	the	DET
ejge-4284	338	25	fiscal	fiscal	ADJ
ejge-4284	338	26	mix	mix	NOUN
ejge-4284	338	27	’	'	PUNCT
ejge-4284	338	28	,	,	PUNCT
ejge-4284	338	29	imf	imf	PROPN
ejge-4284	338	30	working	working	PROPN
ejge-4284	338	31	paper	paper	NOUN
ejge-4284	338	32	no	no	DET
ejge-4284	338	33	232	232	NUM
ejge-4284	338	34	.	.	PUNCT
ejge-4284	339	1	barrios	barrios	PROPN
ejge-4284	339	2	salvador	salvador	PROPN
ejge-4284	339	3	,	,	PUNCT
ejge-4284	339	4	sven	sven	ADJ
ejge-4284	339	5	langedijk	langedijk	NOUN
ejge-4284	339	6	and	and	CCONJ
ejge-4284	339	7	lucio	lucio	PROPN
ejge-4284	339	8	pench	pench	PROPN
ejge-4284	339	9	(	(	PUNCT
ejge-4284	339	10	2010	2010	NUM
ejge-4284	339	11	)	)	PUNCT
ejge-4284	339	12	‘	'	PUNCT
ejge-4284	339	13	eu	eu	PROPN
ejge-4284	339	14	fiscal	fiscal	ADJ
ejge-4284	339	15	consolidation	consolidation	NOUN
ejge-4284	339	16	after	after	ADP
ejge-4284	339	17	the	the	DET
ejge-4284	339	18	financial	financial	ADJ
ejge-4284	339	19	crisis	crisis	NOUN
ejge-4284	339	20	:	:	PUNCT
ejge-4284	339	21	lessons	lesson	NOUN
ejge-4284	339	22	from	from	ADP
ejge-4284	339	23	past	past	ADJ
ejge-4284	339	24	experiences	experience	NOUN
ejge-4284	339	25	’	'	PUNCT
ejge-4284	339	26	,	,	PUNCT
ejge-4284	339	27	european	european	PROPN
ejge-4284	339	28	commission	commission	PROPN
ejge-4284	339	29	economic	economic	ADJ
ejge-4284	339	30	papers	paper	NOUN
ejge-4284	339	31	no	no	DET
ejge-4284	339	32	418	418	NUM
ejge-4284	339	33	.	.	PUNCT
ejge-4284	340	1	bracke	bracke	PROPN
ejge-4284	340	2	,	,	PUNCT
ejge-4284	340	3	philippe	philippe	PROPN
ejge-4284	340	4	(	(	PUNCT
ejge-4284	340	5	2011	2011	NUM
ejge-4284	340	6	)	)	PUNCT
ejge-4284	340	7	‘	'	PUNCT
ejge-4284	340	8	how	how	SCONJ
ejge-4284	340	9	long	long	ADV
ejge-4284	340	10	do	do	AUX
ejge-4284	340	11	housing	housing	NOUN
ejge-4284	340	12	cycles	cycle	NOUN
ejge-4284	340	13	last	last	ADJ
ejge-4284	340	14	?	?	PUNCT
ejge-4284	341	1	a	a	DET
ejge-4284	341	2	duration	duration	NOUN
ejge-4284	341	3	analysis	analysis	NOUN
ejge-4284	341	4	for	for	ADP
ejge-4284	341	5	19	19	NUM
ejge-4284	341	6	oecd	oecd	PROPN
ejge-4284	341	7	countries	country	NOUN
ejge-4284	341	8	’	'	PUNCT
ejge-4284	341	9	,	,	PUNCT
ejge-4284	341	10	imf	imf	PROPN
ejge-4284	341	11	working	working	PROPN
ejge-4284	341	12	paper	paper	NOUN
ejge-4284	341	13	no	no	DET
ejge-4284	341	14	231	231	NUM
ejge-4284	341	15	.	.	PUNCT
ejge-4284	342	1	briotti	briotti	PROPN
ejge-4284	342	2	,	,	PUNCT
ejge-4284	342	3	maria	maria	PROPN
ejge-4284	342	4	gabriella	gabriella	PROPN
ejge-4284	342	5	(	(	PUNCT
ejge-4284	342	6	2004	2004	NUM
ejge-4284	342	7	)	)	PUNCT
ejge-4284	342	8	‘	'	PUNCT
ejge-4284	342	9	fiscal	fiscal	ADJ
ejge-4284	342	10	adjustment	adjustment	NOUN
ejge-4284	342	11	between	between	ADP
ejge-4284	342	12	1991	1991	NUM
ejge-4284	342	13	and	and	CCONJ
ejge-4284	342	14	2002	2002	NUM
ejge-4284	342	15	:	:	PUNCT
ejge-4284	342	16	stylised	stylise	VERB
ejge-4284	342	17	facts	fact	NOUN
ejge-4284	342	18	and	and	CCONJ
ejge-4284	342	19	policy	policy	NOUN
ejge-4284	342	20	implications	implication	NOUN
ejge-4284	342	21	’	'	PUNCT
ejge-4284	342	22	,	,	PUNCT
ejge-4284	342	23	ecb	ecb	PROPN
ejge-4284	342	24	occasional	occasional	ADJ
ejge-4284	342	25	paper	paper	NOUN
ejge-4284	342	26	series	series	NOUN
ejge-4284	342	27	,	,	PUNCT
ejge-4284	342	28	no	no	DET
ejge-4284	342	29	9	9	NUM
ejge-4284	342	30	.	.	X
ejge-4284	342	31	buchanan	buchanan	PROPN
ejge-4284	342	32	,	,	PUNCT
ejge-4284	342	33	james	james	PROPN
ejge-4284	342	34	m.	m.	PROPN
ejge-4284	342	35	and	and	CCONJ
ejge-4284	342	36	gordon	gordon	PROPN
ejge-4284	342	37	tullock	tullock	PROPN
ejge-4284	342	38	(	(	PUNCT
ejge-4284	342	39	1962	1962	NUM
ejge-4284	342	40	)	)	PUNCT
ejge-4284	342	41	the	the	DET
ejge-4284	342	42	calculus	calculus	NOUN
ejge-4284	342	43	of	of	ADP
ejge-4284	342	44	consent	consent	NOUN
ejge-4284	342	45	:	:	PUNCT
ejge-4284	342	46	logical	logical	ADJ
ejge-4284	342	47	foundations	foundation	NOUN
ejge-4284	342	48	of	of	ADP
ejge-4284	342	49	constitutional	constitutional	ADJ
ejge-4284	342	50	democracy	democracy	NOUN
ejge-4284	342	51	,	,	PUNCT
ejge-4284	342	52	ann	ann	PROPN
ejge-4284	342	53	arbor	arbor	PROPN
ejge-4284	342	54	,	,	PUNCT
ejge-4284	342	55	mi	mi	PROPN
ejge-4284	342	56	:	:	PUNCT
ejge-4284	342	57	university	university	PROPN
ejge-4284	342	58	of	of	ADP
ejge-4284	342	59	michigan	michigan	PROPN
ejge-4284	342	60	press	press	PROPN
ejge-4284	342	61	.	.	PUNCT
ejge-4284	343	1	buchanan	buchanan	PROPN
ejge-4284	343	2	,	,	PUNCT
ejge-4284	343	3	james	james	PROPN
ejge-4284	343	4	m.	m.	PROPN
ejge-4284	343	5	and	and	CCONJ
ejge-4284	343	6	richard	richard	PROPN
ejge-4284	343	7	e.	e.	PROPN
ejge-4284	343	8	wagner	wagner	PROPN
ejge-4284	343	9	(	(	PUNCT
ejge-4284	343	10	1977	1977	NUM
ejge-4284	343	11	)	)	PUNCT
ejge-4284	343	12	democracy	democracy	NOUN
ejge-4284	343	13	in	in	ADP
ejge-4284	343	14	deficit	deficit	NOUN
ejge-4284	343	15	:	:	PUNCT
ejge-4284	343	16	the	the	DET
ejge-4284	343	17	political	political	ADJ
ejge-4284	343	18	legacy	legacy	NOUN
ejge-4284	343	19	of	of	ADP
ejge-4284	343	20	lord	lord	PROPN
ejge-4284	343	21	keynes	keynes	PROPN
ejge-4284	343	22	.	.	PUNCT
ejge-4284	344	1	new	new	PROPN
ejge-4284	344	2	york	york	PROPN
ejge-4284	344	3	:	:	PUNCT
ejge-4284	344	4	academic	academic	ADJ
ejge-4284	344	5	press	press	NOUN
ejge-4284	344	6	.	.	PUNCT
ejge-4284	345	1	caprio	caprio	PROPN
ejge-4284	345	2	,	,	PUNCT
ejge-4284	345	3	gerard	gerard	PROPN
ejge-4284	345	4	,	,	PUNCT
ejge-4284	345	5	daniela	daniela	PROPN
ejge-4284	345	6	klingebiel	klingebiel	PROPN
ejge-4284	345	7	,	,	PUNCT
ejge-4284	345	8	luc	luc	PROPN
ejge-4284	345	9	laeven	laeven	ADJ
ejge-4284	345	10	and	and	CCONJ
ejge-4284	345	11	guillermo	guillermo	PROPN
ejge-4284	345	12	noguera	noguera	PROPN
ejge-4284	345	13	(	(	PUNCT
ejge-4284	345	14	2003	2003	NUM
ejge-4284	345	15	)	)	PUNCT
ejge-4284	345	16	‘	'	PUNCT
ejge-4284	345	17	banking	banking	NOUN
ejge-4284	345	18	crisis	crisis	NOUN
ejge-4284	345	19	database	database	NOUN
ejge-4284	345	20	:	:	PUNCT
ejge-4284	345	21	an	an	DET
ejge-4284	345	22	update	update	NOUN
ejge-4284	345	23	of	of	ADP
ejge-4284	345	24	the	the	DET
ejge-4284	345	25	caprio	caprio	PROPN
ejge-4284	345	26	-	-	PUNCT
ejge-4284	345	27	klingebiel	klingebiel	PROPN
ejge-4284	345	28	database	database	NOUN
ejge-4284	345	29	(	(	PUNCT
ejge-4284	345	30	1996	1996	NUM
ejge-4284	345	31	,	,	PUNCT
ejge-4284	345	32	1999	1999	NUM
ejge-4284	345	33	)	)	PUNCT
ejge-4284	345	34	,	,	PUNCT
ejge-4284	345	35	october	october	PROPN
ejge-4284	345	36	2003	2003	NUM
ejge-4284	345	37	’	'	PUNCT
ejge-4284	345	38	,	,	PUNCT
ejge-4284	345	39	url	url	X
ejge-4284	345	40	(	(	PUNCT
ejge-4284	345	41	consulted	consult	VERB
ejge-4284	345	42	june	june	PROPN
ejge-4284	345	43	2013	2013	NUM
ejge-4284	345	44	):	):	PUNCT
ejge-4284	345	45	www1.worldbank.org/finance/html/database_sfd.html	www1.worldbank.org/finance/html/database_sfd.html	PROPN
ejge-4284	345	46	.	.	PUNCT
ejge-4284	346	1	devries	devries	PROPN
ejge-4284	346	2	,	,	PUNCT
ejge-4284	346	3	pete	pete	PROPN
ejge-4284	346	4	,	,	PUNCT
ejge-4284	346	5	jaime	jaime	NOUN
ejge-4284	346	6	guajardo	guajardo	PROPN
ejge-4284	346	7	,	,	PUNCT
ejge-4284	346	8	daniel	daniel	PROPN
ejge-4284	346	9	leigh	leigh	PROPN
ejge-4284	346	10	and	and	CCONJ
ejge-4284	346	11	andrea	andrea	PROPN
ejge-4284	346	12	pescatori	pescatori	PROPN
ejge-4284	346	13	(	(	PUNCT
ejge-4284	346	14	2011	2011	NUM
ejge-4284	346	15	)	)	PUNCT
ejge-4284	346	16	‘	'	PUNCT
ejge-4284	346	17	a	a	DET
ejge-4284	346	18	new	new	ADJ
ejge-4284	346	19	action	action	NOUN
ejge-4284	346	20	-	-	PUNCT
ejge-4284	346	21	based	base	VERB
ejge-4284	346	22	dataset	dataset	NOUN
ejge-4284	346	23	of	of	ADP
ejge-4284	346	24	fiscal	fiscal	ADJ
ejge-4284	346	25	consolidation	consolidation	NOUN
ejge-4284	346	26	’	'	PUNCT
ejge-4284	346	27	,	,	PUNCT
ejge-4284	346	28	imf	imf	PROPN
ejge-4284	346	29	working	working	PROPN
ejge-4284	346	30	paper	paper	NOUN
ejge-4284	346	31	no	no	INTJ
ejge-4284	346	32	.	.	PROPN
ejge-4284	346	33	128	128	NUM
ejge-4284	346	34	.	.	PUNCT
ejge-4284	347	1	european	european	PROPN
ejge-4284	347	2	central	central	PROPN
ejge-4284	347	3	bank	bank	PROPN
ejge-4284	347	4	(	(	PUNCT
ejge-4284	347	5	2011	2011	NUM
ejge-4284	347	6	)	)	PUNCT
ejge-4284	347	7	‘	'	PUNCT
ejge-4284	347	8	past	past	ADJ
ejge-4284	347	9	experience	experience	NOUN
ejge-4284	347	10	with	with	ADP
ejge-4284	347	11	sustaining	sustain	VERB
ejge-4284	347	12	large	large	ADJ
ejge-4284	347	13	primary	primary	ADJ
ejge-4284	347	14	budget	budget	NOUN
ejge-4284	347	15	surpluses	surplus	NOUN
ejge-4284	347	16	’	'	PUNCT
ejge-4284	347	17	,	,	PUNCT
ejge-4284	347	18	monthly	monthly	ADJ
ejge-4284	347	19	bulletin	bulletin	NOUN
ejge-4284	347	20	,	,	PUNCT
ejge-4284	347	21	april	april	PROPN
ejge-4284	347	22	,	,	PUNCT
ejge-4284	347	23	94	94	NUM
ejge-4284	347	24	-	-	SYM
ejge-4284	347	25	95	95	NUM
ejge-4284	347	26	.	.	PUNCT
ejge-4284	348	1	european	european	PROPN
ejge-4284	348	2	commission	commission	PROPN
ejge-4284	348	3	(	(	PUNCT
ejge-4284	348	4	2007	2007	NUM
ejge-4284	348	5	)	)	PUNCT
ejge-4284	348	6	‘	'	PUNCT
ejge-4284	348	7	public	public	ADJ
ejge-4284	348	8	finances	finance	NOUN
ejge-4284	348	9	in	in	ADP
ejge-4284	348	10	emu	emu	PROPN
ejge-4284	348	11	2007	2007	NUM
ejge-4284	348	12	’	'	PUNCT
ejge-4284	348	13	,	,	PUNCT
ejge-4284	348	14	european	european	ADJ
ejge-4284	348	15	economy	economy	NOUN
ejge-4284	348	16	3/2007	3/2007	NOUN
ejge-4284	348	17	,	,	PUNCT
ejge-4284	348	18	directorate	directorate	ADJ
ejge-4284	348	19	-	-	PUNCT
ejge-4284	348	20	general	general	ADJ
ejge-4284	348	21	for	for	ADP
ejge-4284	348	22	economic	economic	ADJ
ejge-4284	348	23	and	and	CCONJ
ejge-4284	348	24	financial	financial	ADJ
ejge-4284	348	25	affairs	affair	NOUN
ejge-4284	348	26	.	.	PUNCT
ejge-4284	349	1	lodge	lodge	PROPN
ejge-4284	349	2	and	and	CCONJ
ejge-4284	349	3	rodríguez	rodríguez	PROPN
ejge-4284	349	4	-	-	PUNCT
ejge-4284	349	5	vives	vive	NOUN
ejge-4284	349	6	●	●	PUNCT
ejge-4284	349	7	how	how	SCONJ
ejge-4284	349	8	long	long	ADV
ejge-4284	349	9	can	can	AUX
ejge-4284	349	10	austerity	austerity	NOUN
ejge-4284	349	11	persist	persist	VERB
ejge-4284	349	12	?	?	PUNCT
ejge-4284	350	1	23	23	NUM
ejge-4284	350	2	european	european	ADJ
ejge-4284	350	3	commission	commission	PROPN
ejge-4284	350	4	(	(	PUNCT
ejge-4284	350	5	2011	2011	NUM
ejge-4284	350	6	)	)	PUNCT
ejge-4284	350	7	‘	'	PUNCT
ejge-4284	350	8	public	public	ADJ
ejge-4284	350	9	finances	finance	NOUN
ejge-4284	350	10	in	in	ADP
ejge-4284	350	11	emu	emu	PROPN
ejge-4284	350	12	2011	2011	NUM
ejge-4284	350	13	’	'	PUNCT
ejge-4284	350	14	,	,	PUNCT
ejge-4284	350	15	european	european	ADJ
ejge-4284	350	16	economy	economy	NOUN
ejge-4284	350	17	3/2011	3/2011	NUM
ejge-4284	350	18	,	,	PUNCT
ejge-4284	350	19	directorate	directorate	NOUN
ejge-4284	350	20	-	-	PUNCT
ejge-4284	350	21	general	general	ADJ
ejge-4284	350	22	for	for	ADP
ejge-4284	350	23	economic	economic	ADJ
ejge-4284	350	24	and	and	CCONJ
ejge-4284	350	25	financial	financial	ADJ
ejge-4284	350	26	affairs	affair	NOUN
ejge-4284	350	27	.	.	PUNCT
ejge-4284	351	1	giavazzi	giavazzi	NOUN
ejge-4284	351	2	,	,	PUNCT
ejge-4284	351	3	francesco	francesco	PROPN
ejge-4284	351	4	and	and	CCONJ
ejge-4284	351	5	marco	marco	PROPN
ejge-4284	351	6	pagano	pagano	PROPN
ejge-4284	351	7	(	(	PUNCT
ejge-4284	351	8	1996	1996	NUM
ejge-4284	351	9	)	)	PUNCT
ejge-4284	351	10	‘	'	PUNCT
ejge-4284	351	11	non	non	ADJ
ejge-4284	351	12	-	-	ADJ
ejge-4284	351	13	keynesian	keynesian	ADJ
ejge-4284	351	14	effects	effect	NOUN
ejge-4284	351	15	of	of	ADP
ejge-4284	351	16	fiscal	fiscal	ADJ
ejge-4284	351	17	policies	policy	NOUN
ejge-4284	351	18	changes	change	NOUN
ejge-4284	351	19	:	:	PUNCT
ejge-4284	351	20	international	international	ADJ
ejge-4284	351	21	evidence	evidence	NOUN
ejge-4284	351	22	and	and	CCONJ
ejge-4284	351	23	the	the	DET
ejge-4284	351	24	swedish	swedish	ADJ
ejge-4284	351	25	evidence	evidence	NOUN
ejge-4284	351	26	’	'	PUNCT
ejge-4284	351	27	,	,	PUNCT
ejge-4284	351	28	swedish	swedish	ADJ
ejge-4284	351	29	economic	economic	ADJ
ejge-4284	351	30	policy	policy	NOUN
ejge-4284	351	31	review	review	NOUN
ejge-4284	351	32	3(1	3(1	NUM
ejge-4284	351	33	):	):	PUNCT
ejge-4284	351	34	67	67	NUM
ejge-4284	351	35	-	-	SYM
ejge-4284	351	36	112	112	NUM
ejge-4284	351	37	.	.	PUNCT
ejge-4284	352	1	guichard	guichard	NOUN
ejge-4284	352	2	,	,	PUNCT
ejge-4284	352	3	stéphanie	stéphanie	PROPN
ejge-4284	352	4	,	,	PUNCT
ejge-4284	352	5	mike	mike	PROPN
ejge-4284	352	6	kennedy	kennedy	PROPN
ejge-4284	352	7	,	,	PUNCT
ejge-4284	352	8	eckhard	eckhard	PROPN
ejge-4284	352	9	wurzel	wurzel	PROPN
ejge-4284	352	10	and	and	CCONJ
ejge-4284	352	11	christophe	christophe	PROPN
ejge-4284	352	12	andré	andré	PROPN
ejge-4284	352	13	(	(	PUNCT
ejge-4284	352	14	2007	2007	NUM
ejge-4284	352	15	)	)	PUNCT
ejge-4284	352	16	‘	'	PUNCT
ejge-4284	352	17	what	what	PRON
ejge-4284	352	18	promotes	promote	VERB
ejge-4284	352	19	fiscal	fiscal	ADJ
ejge-4284	352	20	consolidation	consolidation	NOUN
ejge-4284	352	21	:	:	PUNCT
ejge-4284	352	22	oecd	oecd	PROPN
ejge-4284	352	23	country	country	NOUN
ejge-4284	352	24	experience	experience	NOUN
ejge-4284	352	25	’	'	PUNCT
ejge-4284	352	26	,	,	PUNCT
ejge-4284	352	27	oecd	oecd	PROPN
ejge-4284	352	28	working	work	VERB
ejge-4284	352	29	papers	paper	NOUN
ejge-4284	352	30	no	no	DET
ejge-4284	352	31	553	553	NUM
ejge-4284	352	32	.	.	PUNCT
ejge-4284	353	1	gupta	gupta	PROPN
ejge-4284	353	2	,	,	PUNCT
ejge-4284	353	3	sanjeev	sanjeev	PROPN
ejge-4284	353	4	,	,	PUNCT
ejge-4284	353	5	benedict	benedict	PROPN
ejge-4284	353	6	clements	clements	PROPN
ejge-4284	353	7	,	,	PUNCT
ejge-4284	353	8	emanuele	emanuele	PROPN
ejge-4284	353	9	baldacci	baldacci	PROPN
ejge-4284	353	10	and	and	CCONJ
ejge-4284	353	11	carlos	carlos	PROPN
ejge-4284	353	12	mulasgranados	mulasgranados	PROPN
ejge-4284	353	13	(	(	PUNCT
ejge-4284	353	14	2004	2004	NUM
ejge-4284	353	15	)	)	PUNCT
ejge-4284	353	16	‘	'	PUNCT
ejge-4284	353	17	the	the	DET
ejge-4284	353	18	persistence	persistence	NOUN
ejge-4284	353	19	of	of	ADP
ejge-4284	353	20	fiscal	fiscal	ADJ
ejge-4284	353	21	adjustments	adjustment	NOUN
ejge-4284	353	22	in	in	ADP
ejge-4284	353	23	developing	develop	VERB
ejge-4284	353	24	countries	country	NOUN
ejge-4284	353	25	’	'	PUNCT
ejge-4284	353	26	,	,	PUNCT
ejge-4284	353	27	applied	apply	VERB
ejge-4284	353	28	economic	economic	ADJ
ejge-4284	353	29	letters	letter	NOUN
ejge-4284	353	30	11(4	11(4	NUM
ejge-4284	353	31	):	):	PUNCT
ejge-4284	353	32	209	209	NUM
ejge-4284	353	33	-	-	SYM
ejge-4284	353	34	212	212	NUM
ejge-4284	353	35	.	.	PUNCT
ejge-4284	354	1	hartwig	hartwig	PROPN
ejge-4284	354	2	lojsch	lojsch	PROPN
ejge-4284	354	3	,	,	PUNCT
ejge-4284	354	4	dagmar	dagmar	PROPN
ejge-4284	354	5	,	,	PUNCT
ejge-4284	354	6	marta	marta	PROPN
ejge-4284	354	7	rodríguez	rodríguez	PROPN
ejge-4284	354	8	-	-	PUNCT
ejge-4284	354	9	vives	vive	NOUN
ejge-4284	354	10	and	and	CCONJ
ejge-4284	354	11	michal	michal	PROPN
ejge-4284	354	12	slavik	slavik	PROPN
ejge-4284	354	13	(	(	PUNCT
ejge-4284	354	14	2011	2011	NUM
ejge-4284	354	15	)	)	PUNCT
ejge-4284	354	16	‘	'	PUNCT
ejge-4284	354	17	the	the	DET
ejge-4284	354	18	size	size	NOUN
ejge-4284	354	19	and	and	CCONJ
ejge-4284	354	20	composition	composition	NOUN
ejge-4284	354	21	of	of	ADP
ejge-4284	354	22	government	government	NOUN
ejge-4284	354	23	debt	debt	NOUN
ejge-4284	354	24	in	in	ADP
ejge-4284	354	25	the	the	DET
ejge-4284	354	26	euro	euro	PROPN
ejge-4284	354	27	area	area	NOUN
ejge-4284	354	28	’	'	PUNCT
ejge-4284	354	29	,	,	PUNCT
ejge-4284	354	30	ecb	ecb	PROPN
ejge-4284	354	31	occasional	occasional	ADJ
ejge-4284	354	32	paper	paper	PROPN
ejge-4284	354	33	series	series	PROPN
ejge-4284	354	34	no	no	PROPN
ejge-4284	354	35	.	.	PROPN
ejge-4284	354	36	132	132	NUM
ejge-4284	354	37	.	.	PUNCT
ejge-4284	355	1	heylen	heylen	PROPN
ejge-4284	355	2	,	,	PUNCT
ejge-4284	355	3	freddy	freddy	PROPN
ejge-4284	355	4	and	and	CCONJ
ejge-4284	355	5	gerdie	gerdie	VERB
ejge-4284	355	6	everaert	everaert	PROPN
ejge-4284	355	7	(	(	PUNCT
ejge-4284	355	8	2000	2000	NUM
ejge-4284	355	9	)	)	PUNCT
ejge-4284	355	10	‘	'	PUNCT
ejge-4284	355	11	success	success	NOUN
ejge-4284	355	12	and	and	CCONJ
ejge-4284	355	13	failure	failure	NOUN
ejge-4284	355	14	of	of	ADP
ejge-4284	355	15	fiscal	fiscal	ADJ
ejge-4284	355	16	consolidation	consolidation	NOUN
ejge-4284	355	17	in	in	ADP
ejge-4284	355	18	the	the	DET
ejge-4284	355	19	oecd	oecd	PROPN
ejge-4284	355	20	:	:	PUNCT
ejge-4284	355	21	a	a	DET
ejge-4284	355	22	multivariate	multivariate	NOUN
ejge-4284	355	23	analysis	analysis	NOUN
ejge-4284	355	24	’	'	PUNCT
ejge-4284	355	25	,	,	PUNCT
ejge-4284	355	26	public	public	ADJ
ejge-4284	355	27	choice	choice	NOUN
ejge-4284	355	28	105(1	105(1	NUM
ejge-4284	355	29	-	-	SYM
ejge-4284	355	30	2	2	NUM
ejge-4284	355	31	):	):	PUNCT
ejge-4284	355	32	103124	103124	NUM
ejge-4284	355	33	.	.	PUNCT
ejge-4284	356	1	hernández	hernández	PROPN
ejge-4284	356	2	de	de	PROPN
ejge-4284	356	3	cos	cos	PROPN
ejge-4284	356	4	,	,	PUNCT
ejge-4284	356	5	pablo	pablo	PROPN
ejge-4284	356	6	and	and	CCONJ
ejge-4284	356	7	enrique	enrique	PROPN
ejge-4284	356	8	moral	moral	PROPN
ejge-4284	356	9	-	-	PUNCT
ejge-4284	356	10	benito	benito	NOUN
ejge-4284	356	11	(	(	PUNCT
ejge-4284	356	12	2011	2011	NUM
ejge-4284	356	13	)	)	PUNCT
ejge-4284	356	14	‘	'	PUNCT
ejge-4284	356	15	endogenous	endogenous	ADJ
ejge-4284	356	16	fiscal	fiscal	ADJ
ejge-4284	356	17	consolidations	consolidation	NOUN
ejge-4284	356	18	’	'	PUNCT
ejge-4284	356	19	,	,	PUNCT
ejge-4284	356	20	documentos	documentos	PROPN
ejge-4284	356	21	de	de	PROPN
ejge-4284	356	22	trabajo	trabajo	PROPN
ejge-4284	356	23	del	del	PROPN
ejge-4284	356	24	banco	banco	PROPN
ejge-4284	356	25	de	de	PROPN
ejge-4284	356	26	espana	espana	PROPN
ejge-4284	356	27	no	no	PROPN
ejge-4284	356	28	.	.	PROPN
ejge-4284	356	29	1102	1102	NUM
ejge-4284	356	30	.	.	PUNCT
ejge-4284	357	1	international	international	ADJ
ejge-4284	357	2	monetary	monetary	ADJ
ejge-4284	357	3	fund	fund	NOUN
ejge-4284	357	4	(	(	PUNCT
ejge-4284	357	5	2008	2008	NUM
ejge-4284	357	6	)	)	PUNCT
ejge-4284	358	1	‘	'	PUNCT
ejge-4284	358	2	what	what	PRON
ejge-4284	358	3	happens	happen	VERB
ejge-4284	358	4	during	during	ADP
ejge-4284	358	5	recessions	recession	NOUN
ejge-4284	358	6	,	,	PUNCT
ejge-4284	358	7	crunches	crunch	NOUN
ejge-4284	358	8	and	and	CCONJ
ejge-4284	358	9	busts	bust	NOUN
ejge-4284	358	10	?	?	PUNCT
ejge-4284	358	11	’	'	PUNCT
ejge-4284	358	12	,	,	PUNCT
ejge-4284	358	13	imf	imf	PROPN
ejge-4284	358	14	working	working	PROPN
ejge-4284	358	15	paper	paper	NOUN
ejge-4284	358	16	no	no	DET
ejge-4284	358	17	274	274	NUM
ejge-4284	358	18	.	.	PUNCT
ejge-4284	359	1	international	international	ADJ
ejge-4284	359	2	monetary	monetary	ADJ
ejge-4284	359	3	fund	fund	NOUN
ejge-4284	359	4	(	(	PUNCT
ejge-4284	359	5	2009	2009	NUM
ejge-4284	359	6	)	)	PUNCT
ejge-4284	359	7	world	world	NOUN
ejge-4284	359	8	economic	economic	ADJ
ejge-4284	359	9	outlook	outlook	NOUN
ejge-4284	359	10	april	april	PROPN
ejge-4284	359	11	2009	2009	NUM
ejge-4284	359	12	:	:	PUNCT
ejge-4284	359	13	crisis	crisis	NOUN
ejge-4284	359	14	and	and	CCONJ
ejge-4284	359	15	recovery	recovery	NOUN
ejge-4284	359	16	.	.	PUNCT
ejge-4284	360	1	washington	washington	PROPN
ejge-4284	360	2	,	,	PUNCT
ejge-4284	360	3	dc	dc	PROPN
ejge-4284	360	4	:	:	PUNCT
ejge-4284	360	5	international	international	ADJ
ejge-4284	360	6	monetary	monetary	ADJ
ejge-4284	360	7	fund	fund	PROPN
ejge-4284	360	8	.	.	PUNCT
ejge-4284	361	1	joumard	joumard	PROPN
ejge-4284	361	2	,	,	PUNCT
ejge-4284	361	3	isabelle	isabelle	PROPN
ejge-4284	361	4	,	,	PUNCT
ejge-4284	361	5	makoto	makoto	PROPN
ejge-4284	361	6	minegishi	minegishi	PROPN
ejge-4284	361	7	,	,	PUNCT
ejge-4284	361	8	christophe	christophe	PROPN
ejge-4284	361	9	andré	andré	VERB
ejge-4284	361	10	,	,	PUNCT
ejge-4284	361	11	chantal	chantal	PROPN
ejge-4284	361	12	nicqand	nicqand	PROPN
ejge-4284	361	13	and	and	CCONJ
ejge-4284	361	14	robert	robert	PROPN
ejge-4284	361	15	price	price	PROPN
ejge-4284	361	16	(	(	PUNCT
ejge-4284	361	17	2008	2008	NUM
ejge-4284	361	18	)	)	PUNCT
ejge-4284	361	19	‘	'	PUNCT
ejge-4284	361	20	accounting	account	VERB
ejge-4284	361	21	for	for	ADP
ejge-4284	361	22	one	one	NUM
ejge-4284	361	23	-	-	PUNCT
ejge-4284	361	24	off	off	ADP
ejge-4284	361	25	operations	operation	NOUN
ejge-4284	361	26	when	when	SCONJ
ejge-4284	361	27	assessing	assess	VERB
ejge-4284	361	28	underlying	underlie	VERB
ejge-4284	361	29	fiscal	fiscal	ADJ
ejge-4284	361	30	positions	position	NOUN
ejge-4284	361	31	’	'	PUNCT
ejge-4284	361	32	,	,	PUNCT
ejge-4284	361	33	oecd	oecd	PROPN
ejge-4284	361	34	working	working	NOUN
ejge-4284	361	35	paper	paper	NOUN
ejge-4284	361	36	no	no	DET
ejge-4284	361	37	50	50	NUM
ejge-4284	361	38	.	.	PUNCT
ejge-4284	362	1	kiefer	kiefer	PROPN
ejge-4284	362	2	,	,	PUNCT
ejge-4284	362	3	nicholas	nicholas	PROPN
ejge-4284	362	4	m.	m.	PROPN
ejge-4284	362	5	(	(	PUNCT
ejge-4284	362	6	1988	1988	NUM
ejge-4284	362	7	)	)	PUNCT
ejge-4284	362	8	‘	'	PUNCT
ejge-4284	362	9	economic	economic	ADJ
ejge-4284	362	10	duration	duration	NOUN
ejge-4284	362	11	data	datum	NOUN
ejge-4284	362	12	and	and	CCONJ
ejge-4284	362	13	hazard	hazard	NOUN
ejge-4284	362	14	functions	function	NOUN
ejge-4284	362	15	’	'	PUNCT
ejge-4284	362	16	,	,	PUNCT
ejge-4284	362	17	journal	journal	NOUN
ejge-4284	362	18	of	of	ADP
ejge-4284	362	19	economic	economic	ADJ
ejge-4284	362	20	literature	literature	PROPN
ejge-4284	362	21	26(2	26(2	NUM
ejge-4284	362	22	):	):	PUNCT
ejge-4284	362	23	646	646	NUM
ejge-4284	362	24	-	-	SYM
ejge-4284	362	25	679	679	NUM
ejge-4284	362	26	.	.	PUNCT
ejge-4284	363	1	larch	larch	NOUN
ejge-4284	363	2	,	,	PUNCT
ejge-4284	363	3	martin	martin	PROPN
ejge-4284	363	4	and	and	CCONJ
ejge-4284	363	5	alessandro	alessandro	PROPN
ejge-4284	363	6	turrini	turrini	PROPN
ejge-4284	363	7	(	(	PUNCT
ejge-4284	363	8	2008	2008	NUM
ejge-4284	363	9	)	)	PUNCT
ejge-4284	363	10	‘	'	PUNCT
ejge-4284	363	11	received	receive	VERB
ejge-4284	363	12	wisdom	wisdom	NOUN
ejge-4284	363	13	and	and	CCONJ
ejge-4284	363	14	beyond	beyond	ADP
ejge-4284	363	15	:	:	PUNCT
ejge-4284	363	16	lessons	lesson	NOUN
ejge-4284	363	17	from	from	ADP
ejge-4284	363	18	fiscal	fiscal	ADJ
ejge-4284	363	19	consolidation	consolidation	NOUN
ejge-4284	363	20	in	in	ADP
ejge-4284	363	21	the	the	DET
ejge-4284	363	22	eu	eu	PROPN
ejge-4284	363	23	’	'	PUNCT
ejge-4284	363	24	,	,	PUNCT
ejge-4284	363	25	european	european	PROPN
ejge-4284	363	26	commission	commission	PROPN
ejge-4284	363	27	,	,	PUNCT
ejge-4284	363	28	economic	economic	ADJ
ejge-4284	363	29	papers	paper	NOUN
ejge-4284	363	30	no	no	DET
ejge-4284	363	31	320	320	NUM
ejge-4284	363	32	.	.	PUNCT
ejge-4284	364	1	maroto	maroto	PROPN
ejge-4284	364	2	illera	illera	PROPN
ejge-4284	364	3	,	,	PUNCT
ejge-4284	364	4	r.	r.	PROPN
ejge-4284	364	5	and	and	CCONJ
ejge-4284	364	6	c.	c.	PROPN
ejge-4284	364	7	mulas	mulas	PROPN
ejge-4284	364	8	-	-	PUNCT
ejge-4284	364	9	granados	granados	PROPN
ejge-4284	364	10	(	(	PUNCT
ejge-4284	364	11	2008	2008	NUM
ejge-4284	364	12	)	)	PUNCT
ejge-4284	365	1	‘	'	PUNCT
ejge-4284	365	2	what	what	PRON
ejge-4284	365	3	makes	make	VERB
ejge-4284	365	4	fiscal	fiscal	ADJ
ejge-4284	365	5	consolidations	consolidation	NOUN
ejge-4284	365	6	last	last	ADJ
ejge-4284	365	7	?	?	PUNCT
ejge-4284	366	1	a	a	DET
ejge-4284	366	2	survival	survival	NOUN
ejge-4284	366	3	analysis	analysis	NOUN
ejge-4284	366	4	of	of	ADP
ejge-4284	366	5	budget	budget	NOUN
ejge-4284	366	6	cuts	cut	NOUN
ejge-4284	366	7	in	in	ADP
ejge-4284	366	8	europe	europe	PROPN
ejge-4284	366	9	(	(	PUNCT
ejge-4284	366	10	1960	1960	NUM
ejge-4284	366	11	-	-	SYM
ejge-4284	366	12	2004	2004	NUM
ejge-4284	366	13	)	)	PUNCT
ejge-4284	366	14	’	'	PUNCT
ejge-4284	366	15	,	,	PUNCT
ejge-4284	366	16	public	public	ADJ
ejge-4284	366	17	choice	choice	NOUN
ejge-4284	366	18	134(3	134(3	NUM
ejge-4284	366	19	):	):	PUNCT
ejge-4284	366	20	147	147	NUM
ejge-4284	366	21	-	-	SYM
ejge-4284	366	22	161	161	NUM
ejge-4284	366	23	.	.	PUNCT
ejge-4284	367	1	mian	mian	PROPN
ejge-4284	367	2	,	,	PUNCT
ejge-4284	367	3	atif	atif	PROPN
ejge-4284	367	4	r.	r.	PROPN
ejge-4284	367	5	,	,	PUNCT
ejge-4284	367	6	amir	amir	PROPN
ejge-4284	367	7	sufi	sufi	PROPN
ejge-4284	367	8	and	and	CCONJ
ejge-4284	367	9	francesco	francesco	PROPN
ejge-4284	367	10	trebbi	trebbi	NOUN
ejge-4284	367	11	(	(	PUNCT
ejge-4284	367	12	2012	2012	NUM
ejge-4284	367	13	)	)	PUNCT
ejge-4284	367	14	‘	'	PUNCT
ejge-4284	367	15	resolving	resolve	VERB
ejge-4284	367	16	debt	debt	NOUN
ejge-4284	367	17	overhang	overhang	NOUN
ejge-4284	367	18	:	:	PUNCT
ejge-4284	367	19	political	political	ADJ
ejge-4284	367	20	constraints	constraint	NOUN
ejge-4284	367	21	in	in	ADP
ejge-4284	367	22	the	the	DET
ejge-4284	367	23	aftermath	aftermath	NOUN
ejge-4284	367	24	of	of	ADP
ejge-4284	367	25	financial	financial	ADJ
ejge-4284	367	26	crises	crisis	NOUN
ejge-4284	367	27	’	'	PUNCT
ejge-4284	367	28	,	,	PUNCT
ejge-4284	367	29	nber	nber	PROPN
ejge-4284	367	30	working	working	PROPN
ejge-4284	367	31	paper	paper	PROPN
ejge-4284	367	32	no	no	DET
ejge-4284	367	33	17831	17831	NUM
ejge-4284	367	34	.	.	PUNCT
ejge-4284	368	1	molnár	molnár	PROPN
ejge-4284	368	2	,	,	PUNCT
ejge-4284	368	3	margit	margit	PROPN
ejge-4284	368	4	(	(	PUNCT
ejge-4284	368	5	2012	2012	NUM
ejge-4284	368	6	)	)	PUNCT
ejge-4284	368	7	‘	'	PUNCT
ejge-4284	368	8	fiscal	fiscal	ADJ
ejge-4284	368	9	consolidation	consolidation	NOUN
ejge-4284	368	10	:	:	PUNCT
ejge-4284	368	11	what	what	PRON
ejge-4284	368	12	factors	factor	NOUN
ejge-4284	368	13	determine	determine	VERB
ejge-4284	368	14	the	the	DET
ejge-4284	368	15	success	success	NOUN
ejge-4284	368	16	of	of	ADP
ejge-4284	368	17	consolidation	consolidation	NOUN
ejge-4284	368	18	efforts	effort	NOUN
ejge-4284	368	19	?	?	PUNCT
ejge-4284	368	20	’	'	PUNCT
ejge-4284	368	21	,	,	PUNCT
ejge-4284	368	22	oecd	oecd	PROPN
ejge-4284	368	23	economics	economics	PROPN
ejge-4284	368	24	department	department	PROPN
ejge-4284	368	25	working	working	NOUN
ejge-4284	368	26	papers	paper	NOUN
ejge-4284	368	27	no	no	DET
ejge-4284	368	28	936	936	NUM
ejge-4284	368	29	.	.	PUNCT
ejge-4284	369	1	reinhart	reinhart	PROPN
ejge-4284	369	2	,	,	PUNCT
ejge-4284	369	3	carmen	carman	NOUN
ejge-4284	369	4	and	and	CCONJ
ejge-4284	369	5	kennet	kennet	PROPN
ejge-4284	369	6	rogoff	rogoff	NOUN
ejge-4284	369	7	(	(	PUNCT
ejge-4284	369	8	2008a	2008a	NUM
ejge-4284	369	9	)	)	PUNCT
ejge-4284	369	10	‘	'	PUNCT
ejge-4284	369	11	is	be	AUX
ejge-4284	369	12	the	the	DET
ejge-4284	369	13	2007	2007	NUM
ejge-4284	369	14	us	we	PRON
ejge-4284	369	15	sub	sub	ADJ
ejge-4284	369	16	-	-	ADJ
ejge-4284	369	17	prime	prime	ADJ
ejge-4284	369	18	crisis	crisis	NOUN
ejge-4284	369	19	so	so	ADV
ejge-4284	369	20	different	different	ADJ
ejge-4284	369	21	?	?	PUNCT
ejge-4284	369	22	’	'	PUNCT
ejge-4284	369	23	,	,	PUNCT
ejge-4284	369	24	nber	nber	PROPN
ejge-4284	369	25	working	working	PROPN
ejge-4284	369	26	paper	paper	PROPN
ejge-4284	369	27	no	no	DET
ejge-4284	369	28	13761	13761	NUM
ejge-4284	369	29	.	.	PUNCT
ejge-4284	370	1	reinhart	reinhart	PROPN
ejge-4284	370	2	,	,	PUNCT
ejge-4284	370	3	carmen	carman	NOUN
ejge-4284	370	4	and	and	CCONJ
ejge-4284	370	5	kennet	kennet	PROPN
ejge-4284	370	6	rogoff	rogoff	NOUN
ejge-4284	370	7	(	(	PUNCT
ejge-4284	370	8	2008b	2008b	NUM
ejge-4284	370	9	)	)	PUNCT
ejge-4284	370	10	‘	'	PUNCT
ejge-4284	370	11	banking	banking	NOUN
ejge-4284	370	12	crises	crisis	NOUN
ejge-4284	370	13	:	:	PUNCT
ejge-4284	370	14	an	an	DET
ejge-4284	370	15	equal	equal	ADJ
ejge-4284	370	16	opportunity	opportunity	NOUN
ejge-4284	370	17	menace	menace	NOUN
ejge-4284	370	18	’	'	PUNCT
ejge-4284	370	19	,	,	PUNCT
ejge-4284	370	20	nber	nber	PROPN
ejge-4284	370	21	working	working	PROPN
ejge-4284	370	22	paper	paper	NOUN
ejge-4284	370	23	no	no	DET
ejge-4284	370	24	14587	14587	NUM
ejge-4284	370	25	.	.	PUNCT
ejge-4284	371	1	reinhart	reinhart	PROPN
ejge-4284	371	2	,	,	PUNCT
ejge-4284	371	3	carmen	carman	NOUN
ejge-4284	371	4	and	and	CCONJ
ejge-4284	371	5	kennet	kennet	PROPN
ejge-4284	371	6	rogoff	rogoff	NOUN
ejge-4284	371	7	(	(	PUNCT
ejge-4284	371	8	2009	2009	NUM
ejge-4284	371	9	)	)	PUNCT
ejge-4284	371	10	‘	'	PUNCT
ejge-4284	371	11	the	the	DET
ejge-4284	371	12	aftermath	aftermath	NOUN
ejge-4284	371	13	of	of	ADP
ejge-4284	371	14	financial	financial	ADJ
ejge-4284	371	15	crises	crisis	NOUN
ejge-4284	371	16	’	'	PUNCT
ejge-4284	371	17	,	,	PUNCT
ejge-4284	371	18	american	american	PROPN
ejge-4284	371	19	economic	economic	PROPN
ejge-4284	371	20	review	review	PROPN
ejge-4284	371	21	99(2	99(2	NOUN
ejge-4284	371	22	):	):	PUNCT
ejge-4284	371	23	466	466	NUM
ejge-4284	371	24	-	-	SYM
ejge-4284	371	25	472	472	NUM
ejge-4284	371	26	.	.	PUNCT
ejge-4284	372	1	reinhart	reinhart	PROPN
ejge-4284	372	2	,	,	PUNCT
ejge-4284	372	3	carmen	carman	NOUN
ejge-4284	372	4	and	and	CCONJ
ejge-4284	372	5	kennet	kennet	PROPN
ejge-4284	372	6	rogoff	rogoff	NOUN
ejge-4284	372	7	(	(	PUNCT
ejge-4284	372	8	2012	2012	NUM
ejge-4284	372	9	)	)	PUNCT
ejge-4284	372	10	‘	'	PUNCT
ejge-4284	372	11	debt	debt	NOUN
ejge-4284	372	12	overhangs	overhang	NOUN
ejge-4284	372	13	:	:	PUNCT
ejge-4284	372	14	past	past	NOUN
ejge-4284	372	15	and	and	CCONJ
ejge-4284	372	16	present	present	ADJ
ejge-4284	372	17	’	'	PUNCT
ejge-4284	372	18	,	,	PUNCT
ejge-4284	372	19	nber	nber	PROPN
ejge-4284	372	20	working	working	PROPN
ejge-4284	372	21	paper	paper	PROPN
ejge-4284	372	22	no	no	DET
ejge-4284	372	23	18015	18015	NUM
ejge-4284	372	24	.	.	PUNCT
ejge-4284	373	1	european	european	PROPN
ejge-4284	373	2	journal	journal	PROPN
ejge-4284	373	3	of	of	ADP
ejge-4284	373	4	government	government	NOUN
ejge-4284	373	5	and	and	CCONJ
ejge-4284	373	6	economics	economic	NOUN
ejge-4284	373	7	2(1	2(1	NUM
ejge-4284	373	8	)	)	PUNCT
ejge-4284	373	9	24	24	NUM
ejge-4284	373	10	royston	royston	PROPN
ejge-4284	373	11	,	,	PUNCT
ejge-4284	373	12	patrick	patrick	PROPN
ejge-4284	373	13	(	(	PUNCT
ejge-4284	373	14	2006	2006	NUM
ejge-4284	373	15	)	)	PUNCT
ejge-4284	373	16	‘	'	PUNCT
ejge-4284	373	17	explained	explain	VERB
ejge-4284	373	18	variation	variation	NOUN
ejge-4284	373	19	for	for	ADP
ejge-4284	373	20	survival	survival	NOUN
ejge-4284	373	21	models	model	NOUN
ejge-4284	373	22	’	'	PUNCT
ejge-4284	373	23	,	,	PUNCT
ejge-4284	373	24	the	the	DET
ejge-4284	373	25	stata	stata	NOUN
ejge-4284	373	26	journal	journal	NOUN
ejge-4284	373	27	6(1	6(1	NUM
ejge-4284	373	28	):	):	PUNCT
ejge-4284	373	29	83	83	NUM
ejge-4284	373	30	-	-	SYM
ejge-4284	373	31	96	96	NUM
ejge-4284	373	32	.	.	PUNCT
ejge-4284	374	1	von	von	PROPN
ejge-4284	374	2	hagen	hagen	PROPN
ejge-4284	374	3	,	,	PUNCT
ejge-4284	374	4	jürgen	jürgen	PROPN
ejge-4284	374	5	,	,	PUNCT
ejge-4284	374	6	andrew	andrew	PROPN
ejge-4284	374	7	hughes	hughes	PROPN
ejge-4284	374	8	hallett	hallett	PROPN
ejge-4284	374	9	and	and	CCONJ
ejge-4284	374	10	rolf	rolf	PROPN
ejge-4284	374	11	strauch	strauch	NOUN
ejge-4284	374	12	(	(	PUNCT
ejge-4284	374	13	2002	2002	NUM
ejge-4284	374	14	)	)	PUNCT
ejge-4284	374	15	‘	'	PUNCT
ejge-4284	374	16	budgetary	budgetary	ADJ
ejge-4284	374	17	consolidation	consolidation	NOUN
ejge-4284	374	18	in	in	ADP
ejge-4284	374	19	europe	europe	PROPN
ejge-4284	374	20	:	:	PUNCT
ejge-4284	374	21	quality	quality	NOUN
ejge-4284	374	22	,	,	PUNCT
ejge-4284	374	23	economic	economic	ADJ
ejge-4284	374	24	conditions	condition	NOUN
ejge-4284	374	25	,	,	PUNCT
ejge-4284	374	26	and	and	CCONJ
ejge-4284	374	27	persistence	persistence	NOUN
ejge-4284	374	28	’	'	PUNCT
ejge-4284	374	29	,	,	PUNCT
ejge-4284	374	30	journal	journal	NOUN
ejge-4284	374	31	of	of	ADP
ejge-4284	374	32	the	the	DET
ejge-4284	374	33	japanese	japanese	ADJ
ejge-4284	374	34	and	and	CCONJ
ejge-4284	374	35	international	international	ADJ
ejge-4284	374	36	economies	economy	NOUN
ejge-4284	374	37	16(4):512	16(4):512	NOUN
ejge-4284	374	38	-	-	SYM
ejge-4284	374	39	535	535	NUM
ejge-4284	374	40	.	.	PUNCT
ejge-4284	375	1	von	von	PROPN
ejge-4284	375	2	hagen	hagen	PROPN
ejge-4284	375	3	,	,	PUNCT
ejge-4284	375	4	jürgen	jürgen	PROPN
ejge-4284	375	5	and	and	CCONJ
ejge-4284	375	6	rolf	rolf	PROPN
ejge-4284	375	7	strauch	strauch	NOUN
ejge-4284	375	8	(	(	PUNCT
ejge-4284	375	9	2001	2001	NUM
ejge-4284	375	10	)	)	PUNCT
ejge-4284	375	11	‘	'	PUNCT
ejge-4284	375	12	fiscal	fiscal	ADJ
ejge-4284	375	13	consolidation	consolidation	NOUN
ejge-4284	375	14	:	:	PUNCT
ejge-4284	375	15	quality	quality	NOUN
ejge-4284	375	16	,	,	PUNCT
ejge-4284	375	17	economic	economic	ADJ
ejge-4284	375	18	conditions	condition	NOUN
ejge-4284	375	19	and	and	CCONJ
ejge-4284	375	20	success	success	NOUN
ejge-4284	375	21	’	'	PUNCT
ejge-4284	375	22	,	,	PUNCT
ejge-4284	375	23	public	public	ADJ
ejge-4284	375	24	choice	choice	NOUN
ejge-4284	375	25	109(3	109(3	NUM
ejge-4284	375	26	-	-	SYM
ejge-4284	375	27	4	4	NUM
ejge-4284	375	28	):	):	PUNCT
ejge-4284	375	29	327	327	NUM
ejge-4284	375	30	-	-	SYM
ejge-4284	375	31	346	346	NUM
ejge-4284	375	32	.	.	PUNCT