id	sid	tid	token	lemma	pos
fbem-11827	1	1	frontiers	frontier	NOUN
fbem-11827	1	2	in	in	ADP
fbem-11827	1	3	business	business	NOUN
fbem-11827	1	4	,	,	PUNCT
fbem-11827	1	5	economics	economic	NOUN
fbem-11827	1	6	and	and	CCONJ
fbem-11827	1	7	management	management	NOUN
fbem-11827	1	8	issn	issn	PROPN
fbem-11827	1	9	:	:	PUNCT
fbem-11827	1	10	2766	2766	NUM
fbem-11827	1	11	-	-	PUNCT
fbem-11827	1	12	824x	824x	NUM
fbem-11827	1	13	|	|	ADJ
fbem-11827	1	14	vol	vol	NOUN
fbem-11827	1	15	.	.	PUNCT
fbem-11827	2	1	11	11	NUM
fbem-11827	2	2	,	,	PUNCT
fbem-11827	2	3	no	no	INTJ
fbem-11827	2	4	.	.	NOUN
fbem-11827	2	5	1	1	NUM
fbem-11827	2	6	,	,	PUNCT
fbem-11827	3	1	2023	2023	NUM
fbem-11827	3	2	126	126	NUM
fbem-11827	3	3	applicability	applicability	NOUN
fbem-11827	3	4	analysis	analysis	NOUN
fbem-11827	3	5	of	of	ADP
fbem-11827	3	6	purchasing	purchase	VERB
fbem-11827	3	7	power	power	NOUN
fbem-11827	3	8	parity	parity	NOUN
fbem-11827	3	9	to	to	ADP
fbem-11827	3	10	rmb	rmb	NOUN
fbem-11827	3	11	exchange	exchange	NOUN
fbem-11827	3	12	rate	rate	NOUN
fbem-11827	3	13	wenjing	wenje	VERB
fbem-11827	3	14	huang1	huang1	NOUN
fbem-11827	3	15	,	,	PUNCT
fbem-11827	3	16	a	a	DET
fbem-11827	3	17	1finance	1finance	NUM
fbem-11827	3	18	department	department	NOUN
fbem-11827	3	19	,	,	PUNCT
fbem-11827	3	20	guangdong	guangdong	PROPN
fbem-11827	3	21	university	university	PROPN
fbem-11827	3	22	of	of	ADP
fbem-11827	3	23	finance	finance	NOUN
fbem-11827	3	24	and	and	CCONJ
fbem-11827	3	25	economics	economic	NOUN
fbem-11827	3	26	,	,	PUNCT
fbem-11827	3	27	guangzhou	guangzhou	PROPN
fbem-11827	3	28	,	,	PUNCT
fbem-11827	3	29	510320	510320	NUM
fbem-11827	3	30	,	,	PUNCT
fbem-11827	3	31	china	china	PROPN
fbem-11827	3	32	akathyhuangwenjing@foxmail.com	akathyhuangwenjing@foxmail.com	X
fbem-11827	4	1	abstract	abstract	PROPN
fbem-11827	4	2	:	:	PUNCT
fbem-11827	4	3	this	this	DET
fbem-11827	4	4	paper	paper	NOUN
fbem-11827	4	5	takes	take	VERB
fbem-11827	4	6	purchasing	purchase	VERB
fbem-11827	4	7	power	power	NOUN
fbem-11827	4	8	parity(ppp	parity(ppp	NOUN
fbem-11827	4	9	)	)	PUNCT
fbem-11827	4	10	theory	theory	NOUN
fbem-11827	4	11	and	and	CCONJ
fbem-11827	4	12	rmb	rmb	PROPN
fbem-11827	4	13	exchange	exchange	NOUN
fbem-11827	4	14	rate	rate	NOUN
fbem-11827	4	15	as	as	ADP
fbem-11827	4	16	the	the	DET
fbem-11827	4	17	research	research	NOUN
fbem-11827	4	18	object	object	NOUN
fbem-11827	4	19	.	.	PUNCT
fbem-11827	5	1	first	first	ADV
fbem-11827	5	2	,	,	PUNCT
fbem-11827	5	3	it	it	PRON
fbem-11827	5	4	uses	use	VERB
fbem-11827	5	5	policy	policy	NOUN
fbem-11827	5	6	analysis	analysis	NOUN
fbem-11827	5	7	method	method	NOUN
fbem-11827	5	8	,	,	PUNCT
fbem-11827	5	9	deviation	deviation	NOUN
fbem-11827	5	10	degree	degree	NOUN
fbem-11827	5	11	method	method	NOUN
fbem-11827	5	12	,	,	PUNCT
fbem-11827	5	13	real	real	ADJ
fbem-11827	5	14	exchange	exchange	NOUN
fbem-11827	5	15	rate	rate	NOUN
fbem-11827	5	16	method	method	NOUN
fbem-11827	5	17	,	,	PUNCT
fbem-11827	5	18	and	and	CCONJ
fbem-11827	5	19	definition	definition	NOUN
fbem-11827	5	20	method	method	NOUN
fbem-11827	5	21	to	to	PART
fbem-11827	5	22	study	study	VERB
fbem-11827	5	23	the	the	DET
fbem-11827	5	24	applicability	applicability	NOUN
fbem-11827	5	25	of	of	ADP
fbem-11827	5	26	purchasing	purchase	VERB
fbem-11827	5	27	power	power	NOUN
fbem-11827	5	28	parity	parity	NOUN
fbem-11827	5	29	theory	theory	NOUN
fbem-11827	5	30	in	in	ADP
fbem-11827	5	31	my	my	PRON
fbem-11827	5	32	country	country	NOUN
fbem-11827	5	33	.	.	PUNCT
fbem-11827	6	1	then	then	ADV
fbem-11827	6	2	,	,	PUNCT
fbem-11827	6	3	it	it	PRON
fbem-11827	6	4	selects	select	VERB
fbem-11827	6	5	monthly	monthly	ADJ
fbem-11827	6	6	data	datum	NOUN
fbem-11827	6	7	from	from	ADP
fbem-11827	6	8	january	january	PROPN
fbem-11827	6	9	1994	1994	NUM
fbem-11827	6	10	to	to	ADP
fbem-11827	6	11	december	december	PROPN
fbem-11827	6	12	2022	2022	NUM
fbem-11827	6	13	,	,	PUNCT
fbem-11827	6	14	and	and	CCONJ
fbem-11827	6	15	uses	use	VERB
fbem-11827	6	16	johansen	johansen	PROPN
fbem-11827	6	17	cointegration	cointegration	PROPN
fbem-11827	6	18	test	test	NOUN
fbem-11827	6	19	method	method	NOUN
fbem-11827	6	20	to	to	PART
fbem-11827	6	21	test	test	VERB
fbem-11827	6	22	the	the	DET
fbem-11827	6	23	multivariate	multivariate	NOUN
fbem-11827	6	24	cointegration	cointegration	NOUN
fbem-11827	6	25	relationship	relationship	NOUN
fbem-11827	6	26	between	between	ADP
fbem-11827	6	27	the	the	DET
fbem-11827	6	28	exchange	exchange	NOUN
fbem-11827	6	29	rate	rate	NOUN
fbem-11827	6	30	of	of	ADP
fbem-11827	6	31	us	us	PROPN
fbem-11827	6	32	dollar	dollar	NOUN
fbem-11827	6	33	against	against	ADP
fbem-11827	6	34	rmb	rmb	NOUN
fbem-11827	6	35	and	and	CCONJ
fbem-11827	6	36	the	the	DET
fbem-11827	6	37	sino	sino	ADJ
fbem-11827	6	38	-	-	PUNCT
fbem-11827	6	39	us	us	PROPN
fbem-11827	6	40	price	price	NOUN
fbem-11827	6	41	index	index	NOUN
fbem-11827	6	42	.	.	PUNCT
fbem-11827	7	1	according	accord	VERB
fbem-11827	7	2	to	to	ADP
fbem-11827	7	3	the	the	DET
fbem-11827	7	4	research	research	NOUN
fbem-11827	7	5	findings	finding	NOUN
fbem-11827	7	6	,	,	PUNCT
fbem-11827	7	7	a	a	DET
fbem-11827	7	8	cointegration	cointegration	NOUN
fbem-11827	7	9	relationship	relationship	NOUN
fbem-11827	7	10	exists	exist	VERB
fbem-11827	7	11	among	among	ADP
fbem-11827	7	12	the	the	DET
fbem-11827	7	13	three	three	NUM
fbem-11827	7	14	variables	variable	NOUN
fbem-11827	7	15	,	,	PUNCT
fbem-11827	7	16	but	but	CCONJ
fbem-11827	7	17	the	the	DET
fbem-11827	7	18	experimental	experimental	ADJ
fbem-11827	7	19	results	result	NOUN
fbem-11827	7	20	are	be	AUX
fbem-11827	7	21	inconsistent	inconsistent	ADJ
fbem-11827	7	22	with	with	ADP
fbem-11827	7	23	the	the	DET
fbem-11827	7	24	theory	theory	NOUN
fbem-11827	7	25	.	.	PUNCT
fbem-11827	8	1	the	the	DET
fbem-11827	8	2	final	final	ADJ
fbem-11827	8	3	conclusion	conclusion	NOUN
fbem-11827	8	4	is	be	AUX
fbem-11827	8	5	that	that	SCONJ
fbem-11827	8	6	purchasing	purchase	VERB
fbem-11827	8	7	power	power	NOUN
fbem-11827	8	8	parity	parity	NOUN
fbem-11827	8	9	still	still	ADV
fbem-11827	8	10	ca	can	AUX
fbem-11827	8	11	n't	not	PART
fbem-11827	8	12	explain	explain	VERB
fbem-11827	8	13	our	our	PRON
fbem-11827	8	14	country	country	NOUN
fbem-11827	8	15	's	's	PART
fbem-11827	8	16	exchange	exchange	NOUN
fbem-11827	8	17	rate	rate	NOUN
fbem-11827	8	18	changes	change	NOUN
fbem-11827	8	19	very	very	ADV
fbem-11827	8	20	well	well	ADV
fbem-11827	8	21	,	,	PUNCT
fbem-11827	8	22	but	but	CCONJ
fbem-11827	8	23	the	the	DET
fbem-11827	8	24	feasibility	feasibility	NOUN
fbem-11827	8	25	of	of	ADP
fbem-11827	8	26	ppp	ppp	PROPN
fbem-11827	8	27	in	in	ADP
fbem-11827	8	28	our	our	PRON
fbem-11827	8	29	country	country	NOUN
fbem-11827	8	30	has	have	AUX
fbem-11827	8	31	been	be	AUX
fbem-11827	8	32	enhanced	enhance	VERB
fbem-11827	8	33	.	.	PUNCT
fbem-11827	9	1	keywords	keyword	NOUN
fbem-11827	9	2	:	:	PUNCT
fbem-11827	9	3	rmb	rmb	NOUN
fbem-11827	9	4	exchange	exchange	NOUN
fbem-11827	9	5	rate	rate	NOUN
fbem-11827	9	6	system	system	NOUN
fbem-11827	9	7	,	,	PUNCT
fbem-11827	9	8	absolute	absolute	ADJ
fbem-11827	9	9	purchasing	purchasing	NOUN
fbem-11827	9	10	power	power	NOUN
fbem-11827	9	11	parity	parity	NOUN
fbem-11827	9	12	,	,	PUNCT
fbem-11827	9	13	relative	relative	ADJ
fbem-11827	9	14	purchasing	purchasing	NOUN
fbem-11827	9	15	power	power	NOUN
fbem-11827	9	16	parity	parity	NOUN
fbem-11827	9	17	,	,	PUNCT
fbem-11827	9	18	johansen	johansen	PROPN
fbem-11827	9	19	cointegration	cointegration	PROPN
fbem-11827	9	20	test	test	NOUN
fbem-11827	9	21	.	.	PUNCT
fbem-11827	10	1	1	1	X
fbem-11827	10	2	.	.	X
fbem-11827	10	3	introduction	introduction	NOUN
fbem-11827	10	4	according	accord	VERB
fbem-11827	10	5	to	to	ADP
fbem-11827	10	6	the	the	DET
fbem-11827	10	7	statistics	statistic	NOUN
fbem-11827	10	8	of	of	ADP
fbem-11827	10	9	the	the	DET
fbem-11827	10	10	international	international	ADJ
fbem-11827	10	11	monetary	monetary	ADJ
fbem-11827	10	12	fund	fund	NOUN
fbem-11827	10	13	(	(	PUNCT
fbem-11827	10	14	imf	imf	PROPN
fbem-11827	10	15	)	)	PUNCT
fbem-11827	10	16	,	,	PUNCT
fbem-11827	10	17	using	use	VERB
fbem-11827	10	18	the	the	DET
fbem-11827	10	19	international	international	ADJ
fbem-11827	10	20	project	project	NOUN
fbem-11827	10	21	comparison	comparison	NOUN
fbem-11827	10	22	(	(	PUNCT
fbem-11827	10	23	icp	icp	NOUN
fbem-11827	10	24	)	)	PUNCT
fbem-11827	10	25	method	method	NOUN
fbem-11827	10	26	to	to	PART
fbem-11827	10	27	compare	compare	VERB
fbem-11827	10	28	the	the	DET
fbem-11827	10	29	gdp	gdp	NOUN
fbem-11827	10	30	of	of	ADP
fbem-11827	10	31	countries	country	NOUN
fbem-11827	10	32	,	,	PUNCT
fbem-11827	10	33	china	china	PROPN
fbem-11827	10	34	has	have	AUX
fbem-11827	10	35	surpassed	surpass	VERB
fbem-11827	10	36	the	the	DET
fbem-11827	10	37	united	united	PROPN
fbem-11827	10	38	states	states	PROPN
fbem-11827	10	39	and	and	CCONJ
fbem-11827	10	40	ranked	rank	VERB
fbem-11827	10	41	first	first	ADV
fbem-11827	10	42	since	since	SCONJ
fbem-11827	10	43	2014	2014	NUM
fbem-11827	10	44	.	.	PUNCT
fbem-11827	11	1	despite	despite	SCONJ
fbem-11827	11	2	its	its	PRON
fbem-11827	11	3	many	many	ADJ
fbem-11827	11	4	flaws	flaw	NOUN
fbem-11827	11	5	,	,	PUNCT
fbem-11827	11	6	ppp	ppp	NOUN
fbem-11827	11	7	theory	theory	NOUN
fbem-11827	11	8	can	can	AUX
fbem-11827	11	9	explain	explain	VERB
fbem-11827	11	10	exchange	exchange	NOUN
fbem-11827	11	11	rate	rate	NOUN
fbem-11827	11	12	by	by	ADP
fbem-11827	11	13	explaining	explain	VERB
fbem-11827	11	14	the	the	DET
fbem-11827	11	15	purchasing	purchase	VERB
fbem-11827	11	16	power	power	NOUN
fbem-11827	11	17	relationships	relationship	NOUN
fbem-11827	11	18	of	of	ADP
fbem-11827	11	19	national	national	ADJ
fbem-11827	11	20	currencies	currency	NOUN
fbem-11827	11	21	,	,	PUNCT
fbem-11827	11	22	using	use	VERB
fbem-11827	11	23	simple	simple	ADJ
fbem-11827	11	24	logic	logic	NOUN
fbem-11827	11	25	,	,	PUNCT
fbem-11827	11	26	and	and	CCONJ
fbem-11827	11	27	eliminating	eliminate	VERB
fbem-11827	11	28	distortions	distortion	NOUN
fbem-11827	11	29	caused	cause	VERB
fbem-11827	11	30	by	by	ADP
fbem-11827	11	31	exchange	exchange	NOUN
fbem-11827	11	32	rate	rate	NOUN
fbem-11827	11	33	mispricing	misprice	VERB
fbem-11827	11	34	.	.	PUNCT
fbem-11827	12	1	analyzing	analyze	VERB
fbem-11827	12	2	the	the	DET
fbem-11827	12	3	applicability	applicability	NOUN
fbem-11827	12	4	of	of	ADP
fbem-11827	12	5	ppp	ppp	PROPN
fbem-11827	12	6	theory	theory	NOUN
fbem-11827	12	7	in	in	ADP
fbem-11827	12	8	my	my	PRON
fbem-11827	12	9	country	country	NOUN
fbem-11827	12	10	can	can	AUX
fbem-11827	12	11	provide	provide	VERB
fbem-11827	12	12	strong	strong	ADJ
fbem-11827	12	13	support	support	NOUN
fbem-11827	12	14	for	for	ADP
fbem-11827	12	15	analyzing	analyze	VERB
fbem-11827	12	16	rmb	rmb	PROPN
fbem-11827	12	17	exchange	exchange	NOUN
fbem-11827	12	18	rate	rate	NOUN
fbem-11827	12	19	issues	issue	NOUN
fbem-11827	12	20	using	use	VERB
fbem-11827	12	21	ppp	ppp	NOUN
fbem-11827	12	22	,	,	PUNCT
fbem-11827	12	23	and	and	CCONJ
fbem-11827	12	24	also	also	ADV
fbem-11827	12	25	help	help	VERB
fbem-11827	12	26	to	to	PART
fbem-11827	12	27	improve	improve	VERB
fbem-11827	12	28	my	my	PRON
fbem-11827	12	29	country	country	NOUN
fbem-11827	12	30	's	's	PART
fbem-11827	12	31	exchange	exchange	NOUN
fbem-11827	12	32	rate	rate	NOUN
fbem-11827	12	33	system	system	NOUN
fbem-11827	12	34	with	with	ADP
fbem-11827	12	35	reference	reference	NOUN
fbem-11827	12	36	to	to	ADP
fbem-11827	12	37	the	the	DET
fbem-11827	12	38	degree	degree	NOUN
fbem-11827	12	39	of	of	ADP
fbem-11827	12	40	deviation	deviation	NOUN
fbem-11827	12	41	between	between	ADP
fbem-11827	12	42	ppp	ppp	NOUN
fbem-11827	12	43	exchange	exchange	NOUN
fbem-11827	12	44	rate	rate	NOUN
fbem-11827	12	45	and	and	CCONJ
fbem-11827	12	46	rmb	rmb	PROPN
fbem-11827	12	47	exchange	exchange	NOUN
fbem-11827	12	48	rate	rate	NOUN
fbem-11827	12	49	.	.	PUNCT
fbem-11827	13	1	2	2	X
fbem-11827	13	2	.	.	X
fbem-11827	13	3	literature	literature	NOUN
fbem-11827	13	4	review	review	PROPN
fbem-11827	13	5	so	so	ADV
fbem-11827	13	6	far	far	ADV
fbem-11827	13	7	,	,	PUNCT
fbem-11827	13	8	there	there	PRON
fbem-11827	13	9	have	have	AUX
fbem-11827	13	10	been	be	AUX
fbem-11827	13	11	two	two	NUM
fbem-11827	13	12	main	main	ADJ
fbem-11827	13	13	types	type	NOUN
fbem-11827	13	14	of	of	ADP
fbem-11827	13	15	tests	test	NOUN
fbem-11827	13	16	for	for	ADP
fbem-11827	13	17	ppps	ppps	NOUN
fbem-11827	13	18	.	.	PUNCT
fbem-11827	14	1	the	the	DET
fbem-11827	14	2	first	first	ADJ
fbem-11827	14	3	is	be	AUX
fbem-11827	14	4	through	through	ADP
fbem-11827	14	5	a	a	DET
fbem-11827	14	6	unit	unit	NOUN
fbem-11827	14	7	root	root	NOUN
fbem-11827	14	8	test	test	NOUN
fbem-11827	14	9	of	of	ADP
fbem-11827	14	10	the	the	DET
fbem-11827	14	11	real	real	ADJ
fbem-11827	14	12	exchange	exchange	NOUN
fbem-11827	14	13	rate	rate	NOUN
fbem-11827	14	14	.	.	PUNCT
fbem-11827	15	1	most	most	ADJ
fbem-11827	15	2	scholars	scholar	NOUN
fbem-11827	15	3	use	use	VERB
fbem-11827	15	4	the	the	DET
fbem-11827	15	5	traditional	traditional	ADJ
fbem-11827	15	6	unit	unit	NOUN
fbem-11827	15	7	root	root	NOUN
fbem-11827	15	8	test	test	NOUN
fbem-11827	15	9	methods	method	NOUN
fbem-11827	15	10	(	(	PUNCT
fbem-11827	15	11	such	such	ADJ
fbem-11827	15	12	as	as	ADP
fbem-11827	15	13	adf	adf	PROPN
fbem-11827	15	14	test	test	NOUN
fbem-11827	15	15	,	,	PUNCT
fbem-11827	15	16	pp	pp	ADP
fbem-11827	15	17	test	test	NOUN
fbem-11827	15	18	,	,	PUNCT
fbem-11827	15	19	etc	etc	X
fbem-11827	15	20	.	.	X
fbem-11827	15	21	)	)	PUNCT
fbem-11827	15	22	to	to	PART
fbem-11827	15	23	generally	generally	ADV
fbem-11827	15	24	conclude	conclude	VERB
fbem-11827	15	25	that	that	SCONJ
fbem-11827	15	26	there	there	PRON
fbem-11827	15	27	is	be	VERB
fbem-11827	15	28	a	a	DET
fbem-11827	15	29	unit	unit	NOUN
fbem-11827	15	30	root	root	NOUN
fbem-11827	15	31	in	in	ADP
fbem-11827	15	32	the	the	DET
fbem-11827	15	33	real	real	ADJ
fbem-11827	15	34	exchange	exchange	NOUN
fbem-11827	15	35	rate[1	rate[1	NOUN
fbem-11827	15	36	]	]	PUNCT
fbem-11827	15	37	,	,	PUNCT
fbem-11827	15	38	but	but	CCONJ
fbem-11827	15	39	gradually	gradually	ADV
fbem-11827	15	40	found	find	VERB
fbem-11827	15	41	that	that	SCONJ
fbem-11827	15	42	with	with	ADP
fbem-11827	15	43	the	the	DET
fbem-11827	15	44	extension	extension	NOUN
fbem-11827	15	45	of	of	ADP
fbem-11827	15	46	the	the	DET
fbem-11827	15	47	data	datum	NOUN
fbem-11827	15	48	period	period	NOUN
fbem-11827	15	49	,	,	PUNCT
fbem-11827	15	50	different	different	ADJ
fbem-11827	15	51	exchange	exchange	NOUN
fbem-11827	15	52	rate	rate	NOUN
fbem-11827	15	53	systems	system	NOUN
fbem-11827	15	54	will	will	AUX
fbem-11827	15	55	be	be	AUX
fbem-11827	15	56	involved	involve	VERB
fbem-11827	15	57	,	,	PUNCT
fbem-11827	15	58	making	make	VERB
fbem-11827	15	59	the	the	DET
fbem-11827	15	60	results	result	NOUN
fbem-11827	15	61	unconvincing	unconvincing	ADJ
fbem-11827	15	62	.	.	PUNCT
fbem-11827	16	1	therefore	therefore	ADV
fbem-11827	16	2	,	,	PUNCT
fbem-11827	16	3	people	people	NOUN
fbem-11827	16	4	use	use	VERB
fbem-11827	16	5	more	more	ADJ
fbem-11827	16	6	panel	panel	NOUN
fbem-11827	16	7	data	datum	NOUN
fbem-11827	16	8	to	to	PART
fbem-11827	16	9	solve	solve	VERB
fbem-11827	16	10	problems	problem	NOUN
fbem-11827	16	11	.	.	PUNCT
fbem-11827	17	1	sun	sun	PROPN
fbem-11827	17	2	gang	gang	PROPN
fbem-11827	17	3	and	and	CCONJ
fbem-11827	17	4	deng	deng	PROPN
fbem-11827	17	5	liyang	liyang	PROPN
fbem-11827	17	6	use	use	VERB
fbem-11827	17	7	four	four	NUM
fbem-11827	17	8	test	test	NOUN
fbem-11827	17	9	methods	method	NOUN
fbem-11827	17	10	of	of	ADP
fbem-11827	17	11	ll	ll	PROPN
fbem-11827	17	12	,	,	PUNCT
fbem-11827	17	13	ips	ips	PROPN
fbem-11827	17	14	,	,	PUNCT
fbem-11827	17	15	sur	sur	PROPN
fbem-11827	17	16	and	and	CCONJ
fbem-11827	17	17	fisher	fisher	PROPN
fbem-11827	17	18	pλ[2	pλ[2	PROPN
fbem-11827	17	19	]	]	X
fbem-11827	17	20	;	;	PUNCT
fbem-11827	17	21	some	some	DET
fbem-11827	17	22	scholars	scholar	NOUN
fbem-11827	17	23	also	also	ADV
fbem-11827	17	24	use	use	VERB
fbem-11827	17	25	nonlinear	nonlinear	ADJ
fbem-11827	17	26	models	model	NOUN
fbem-11827	17	27	to	to	PART
fbem-11827	17	28	solve	solve	VERB
fbem-11827	17	29	the	the	DET
fbem-11827	17	30	low	low	ADJ
fbem-11827	17	31	power	power	NOUN
fbem-11827	17	32	problem	problem	NOUN
fbem-11827	17	33	of	of	ADP
fbem-11827	17	34	unit	unit	NOUN
fbem-11827	17	35	root	root	NOUN
fbem-11827	17	36	test	test	NOUN
fbem-11827	17	37	,	,	PUNCT
fbem-11827	17	38	such	such	ADJ
fbem-11827	17	39	as	as	ADP
fbem-11827	17	40	ding	ding	NOUN
fbem-11827	17	41	jianping	jianping	NOUN
fbem-11827	17	42	and	and	CCONJ
fbem-11827	17	43	chen	chen	PROPN
fbem-11827	17	44	weixue	weixue	PROPN
fbem-11827	17	45	use	use	VERB
fbem-11827	17	46	threshold	threshold	NOUN
fbem-11827	17	47	autoregressive	autoregressive	ADJ
fbem-11827	17	48	model[3	model[3	NOUN
fbem-11827	17	49	]	]	PUNCT
fbem-11827	17	50	.	.	PUNCT
fbem-11827	18	1	the	the	DET
fbem-11827	18	2	second	second	NOUN
fbem-11827	18	3	is	be	AUX
fbem-11827	18	4	to	to	PART
fbem-11827	18	5	test	test	VERB
fbem-11827	18	6	ppp	ppp	NOUN
fbem-11827	18	7	by	by	ADP
fbem-11827	18	8	studying	study	VERB
fbem-11827	18	9	the	the	DET
fbem-11827	18	10	relationship	relationship	NOUN
fbem-11827	18	11	between	between	ADP
fbem-11827	18	12	the	the	DET
fbem-11827	18	13	nominal	nominal	ADJ
fbem-11827	18	14	exchange	exchange	NOUN
fbem-11827	18	15	rate	rate	NOUN
fbem-11827	18	16	,	,	PUNCT
fbem-11827	18	17	china	china	PROPN
fbem-11827	18	18	’s	’s	PART
fbem-11827	18	19	price	price	NOUN
fbem-11827	18	20	and	and	CCONJ
fbem-11827	18	21	us	us	PROPN
fbem-11827	18	22	price	price	NOUN
fbem-11827	18	23	.	.	PUNCT
fbem-11827	19	1	the	the	DET
fbem-11827	19	2	most	most	ADV
fbem-11827	19	3	widely	widely	ADV
fbem-11827	19	4	used	use	VERB
fbem-11827	19	5	test	test	NOUN
fbem-11827	19	6	methods	method	NOUN
fbem-11827	19	7	are	be	AUX
fbem-11827	19	8	the	the	DET
fbem-11827	19	9	johansen	johansen	PROPN
fbem-11827	19	10	cointegration	cointegration	NOUN
fbem-11827	19	11	test[4	test[4	PROPN
fbem-11827	19	12	]	]	PUNCT
fbem-11827	19	13	and	and	CCONJ
fbem-11827	19	14	eg	eg	NOUN
fbem-11827	19	15	test[5	test[5	PROPN
fbem-11827	19	16	]	]	PUNCT
fbem-11827	19	17	.	.	PUNCT
fbem-11827	20	1	after	after	SCONJ
fbem-11827	20	2	the	the	DET
fbem-11827	20	3	cointegration	cointegration	NOUN
fbem-11827	20	4	relationship	relationship	NOUN
fbem-11827	20	5	is	be	AUX
fbem-11827	20	6	detected	detect	VERB
fbem-11827	20	7	,	,	PUNCT
fbem-11827	20	8	the	the	DET
fbem-11827	20	9	error	error	NOUN
fbem-11827	20	10	correction	correction	NOUN
fbem-11827	20	11	model	model	NOUN
fbem-11827	20	12	,	,	PUNCT
fbem-11827	20	13	impulse	impulse	ADJ
fbem-11827	20	14	response	response	NOUN
fbem-11827	20	15	and	and	CCONJ
fbem-11827	20	16	variance	variance	NOUN
fbem-11827	20	17	decomposition	decomposition	NOUN
fbem-11827	20	18	are	be	AUX
fbem-11827	20	19	carried	carry	VERB
fbem-11827	20	20	out[6	out[6	NOUN
fbem-11827	20	21	]	]	PUNCT
fbem-11827	20	22	.	.	PUNCT
fbem-11827	21	1	some	some	DET
fbem-11827	21	2	scholars	scholar	NOUN
fbem-11827	21	3	also	also	ADV
fbem-11827	21	4	use	use	VERB
fbem-11827	21	5	nonlinear	nonlinear	ADJ
fbem-11827	21	6	models	model	NOUN
fbem-11827	21	7	to	to	PART
fbem-11827	21	8	test	test	VERB
fbem-11827	21	9	,	,	PUNCT
fbem-11827	21	10	such	such	ADJ
fbem-11827	21	11	as	as	ADP
fbem-11827	21	12	liu	liu	PROPN
fbem-11827	21	13	qing	qing	PROPN
fbem-11827	21	14	’s	’s	PART
fbem-11827	21	15	lstar	lstar	ADJ
fbem-11827	21	16	model[7	model[7	PROPN
fbem-11827	21	17	]	]	PUNCT
fbem-11827	21	18	.	.	PUNCT
fbem-11827	22	1	in	in	ADP
fbem-11827	22	2	the	the	DET
fbem-11827	22	3	study	study	NOUN
fbem-11827	22	4	of	of	ADP
fbem-11827	22	5	whether	whether	SCONJ
fbem-11827	22	6	ppp	ppp	PROPN
fbem-11827	22	7	can	can	AUX
fbem-11827	22	8	explain	explain	VERB
fbem-11827	22	9	the	the	DET
fbem-11827	22	10	change	change	NOUN
fbem-11827	22	11	of	of	ADP
fbem-11827	22	12	rmb	rmb	PROPN
fbem-11827	22	13	exchange	exchange	NOUN
fbem-11827	22	14	rate	rate	NOUN
fbem-11827	22	15	,	,	PUNCT
fbem-11827	22	16	different	different	ADJ
fbem-11827	22	17	empirical	empirical	ADJ
fbem-11827	22	18	methods	method	NOUN
fbem-11827	22	19	,	,	PUNCT
fbem-11827	22	20	different	different	ADJ
fbem-11827	22	21	time	time	NOUN
fbem-11827	22	22	samples	sample	NOUN
fbem-11827	22	23	,	,	PUNCT
fbem-11827	22	24	and	and	CCONJ
fbem-11827	22	25	different	different	ADJ
fbem-11827	22	26	statistical	statistical	ADJ
fbem-11827	22	27	indicators	indicator	NOUN
fbem-11827	22	28	will	will	AUX
fbem-11827	22	29	be	be	AUX
fbem-11827	22	30	used	use	VERB
fbem-11827	22	31	,	,	PUNCT
fbem-11827	22	32	and	and	CCONJ
fbem-11827	22	33	different	different	ADJ
fbem-11827	22	34	results	result	NOUN
fbem-11827	22	35	will	will	AUX
fbem-11827	22	36	be	be	AUX
fbem-11827	22	37	produced	produce	VERB
fbem-11827	22	38	.	.	PUNCT
fbem-11827	23	1	in	in	ADP
fbem-11827	23	2	terms	term	NOUN
fbem-11827	23	3	of	of	ADP
fbem-11827	23	4	empirical	empirical	ADJ
fbem-11827	23	5	methods	method	NOUN
fbem-11827	23	6	,	,	PUNCT
fbem-11827	23	7	the	the	DET
fbem-11827	23	8	cointegration	cointegration	NOUN
fbem-11827	23	9	test	test	NOUN
fbem-11827	23	10	is	be	AUX
fbem-11827	23	11	the	the	DET
fbem-11827	23	12	most	most	ADV
fbem-11827	23	13	widely	widely	ADV
fbem-11827	23	14	used	use	VERB
fbem-11827	23	15	method	method	NOUN
fbem-11827	23	16	.	.	PUNCT
fbem-11827	24	1	hence	hence	ADV
fbem-11827	24	2	,	,	PUNCT
fbem-11827	24	3	this	this	DET
fbem-11827	24	4	study	study	NOUN
fbem-11827	24	5	also	also	ADV
fbem-11827	24	6	employs	employ	VERB
fbem-11827	24	7	the	the	DET
fbem-11827	24	8	johansen	johansen	PROPN
fbem-11827	24	9	cointegration	cointegration	PROPN
fbem-11827	24	10	analysis	analysis	NOUN
fbem-11827	24	11	technique	technique	NOUN
fbem-11827	24	12	and	and	CCONJ
fbem-11827	24	13	utilizes	utilize	VERB
fbem-11827	24	14	the	the	DET
fbem-11827	24	15	most	most	ADJ
fbem-11827	24	16	up	up	ADJ
fbem-11827	24	17	-	-	PUNCT
fbem-11827	24	18	todate	todate	NOUN
fbem-11827	24	19	data	datum	NOUN
fbem-11827	24	20	to	to	PART
fbem-11827	24	21	examine	examine	VERB
fbem-11827	24	22	whether	whether	SCONJ
fbem-11827	24	23	the	the	DET
fbem-11827	24	24	rmb	rmb	PROPN
fbem-11827	24	25	exchange	exchange	NOUN
fbem-11827	24	26	rate	rate	NOUN
fbem-11827	24	27	aligns	align	VERB
fbem-11827	24	28	with	with	ADP
fbem-11827	24	29	the	the	DET
fbem-11827	24	30	long	long	ADJ
fbem-11827	24	31	-	-	PUNCT
fbem-11827	24	32	term	term	NOUN
fbem-11827	24	33	equilibrium	equilibrium	NOUN
fbem-11827	24	34	relationship	relationship	NOUN
fbem-11827	24	35	proposed	propose	VERB
fbem-11827	24	36	by	by	ADP
fbem-11827	24	37	the	the	DET
fbem-11827	24	38	ppp	ppp	PROPN
fbem-11827	24	39	theory	theory	NOUN
fbem-11827	24	40	.	.	PUNCT
fbem-11827	25	1	3	3	X
fbem-11827	25	2	.	.	X
fbem-11827	25	3	purchasing	purchase	VERB
fbem-11827	25	4	power	power	NOUN
fbem-11827	25	5	parity	parity	NOUN
fbem-11827	25	6	theory	theory	NOUN
fbem-11827	25	7	the	the	DET
fbem-11827	25	8	theory	theory	NOUN
fbem-11827	25	9	of	of	ADP
fbem-11827	25	10	purchasing	purchase	VERB
fbem-11827	25	11	power	power	NOUN
fbem-11827	25	12	parity	parity	NOUN
fbem-11827	25	13	is	be	AUX
fbem-11827	25	14	grounded	ground	VERB
fbem-11827	25	15	on	on	ADP
fbem-11827	25	16	the	the	DET
fbem-11827	25	17	principle	principle	NOUN
fbem-11827	25	18	of	of	ADP
fbem-11827	25	19	the	the	DET
fbem-11827	25	20	law	law	NOUN
fbem-11827	25	21	of	of	ADP
fbem-11827	25	22	one	one	NUM
fbem-11827	25	23	price	price	NOUN
fbem-11827	25	24	and	and	CCONJ
fbem-11827	25	25	can	can	AUX
fbem-11827	25	26	be	be	AUX
fbem-11827	25	27	categorized	categorize	VERB
fbem-11827	25	28	into	into	ADP
fbem-11827	25	29	absolute	absolute	ADJ
fbem-11827	25	30	ppp	ppp	NOUN
fbem-11827	25	31	and	and	CCONJ
fbem-11827	25	32	relative	relative	ADJ
fbem-11827	25	33	ppp	ppp	PROPN
fbem-11827	25	34	.	.	PUNCT
fbem-11827	26	1	the	the	DET
fbem-11827	26	2	law	law	NOUN
fbem-11827	26	3	of	of	ADP
fbem-11827	26	4	one	one	NUM
fbem-11827	26	5	price	price	NOUN
fbem-11827	26	6	can	can	AUX
fbem-11827	26	7	be	be	AUX
fbem-11827	26	8	expressed	express	VERB
fbem-11827	26	9	as	as	ADP
fbem-11827	26	10	:	:	PUNCT
fbem-11827	26	11	p	p	X
fbem-11827	26	12	=	=	PUNCT
fbem-11827	26	13	e	e	SYM
fbem-11827	26	14	×	×	NOUN
fbem-11827	26	15	p	p	X
fbem-11827	26	16	*	*	X
fbem-11827	26	17	(	(	PUNCT
fbem-11827	26	18	1	1	NUM
fbem-11827	26	19	)	)	PUNCT
fbem-11827	26	20	among	among	ADP
fbem-11827	26	21	these	these	DET
fbem-11827	26	22	variables	variable	NOUN
fbem-11827	26	23	,	,	PUNCT
fbem-11827	26	24	e	e	PRON
fbem-11827	26	25	represents	represent	VERB
fbem-11827	26	26	the	the	DET
fbem-11827	26	27	nominal	nominal	ADJ
fbem-11827	26	28	exchange	exchange	NOUN
fbem-11827	26	29	rate	rate	NOUN
fbem-11827	26	30	based	base	VERB
fbem-11827	26	31	on	on	ADP
fbem-11827	26	32	the	the	DET
fbem-11827	26	33	domestic	domestic	ADJ
fbem-11827	26	34	direct	direct	ADJ
fbem-11827	26	35	pricing	pricing	NOUN
fbem-11827	26	36	method	method	NOUN
fbem-11827	26	37	,	,	PUNCT
fbem-11827	26	38	p	p	NOUN
fbem-11827	26	39	denotes	denote	VERB
fbem-11827	26	40	the	the	DET
fbem-11827	26	41	domestic	domestic	ADJ
fbem-11827	26	42	price	price	NOUN
fbem-11827	26	43	level	level	NOUN
fbem-11827	26	44	,	,	PUNCT
fbem-11827	26	45	and	and	CCONJ
fbem-11827	26	46	p	p	X
fbem-11827	26	47	*	*	PUNCT
fbem-11827	26	48	signifies	signify	VERB
fbem-11827	26	49	the	the	DET
fbem-11827	26	50	foreign	foreign	ADJ
fbem-11827	26	51	price	price	NOUN
fbem-11827	26	52	level	level	NOUN
fbem-11827	26	53	(	(	PUNCT
fbem-11827	26	54	the	the	DET
fbem-11827	26	55	same	same	ADJ
fbem-11827	26	56	below	below	ADV
fbem-11827	26	57	)	)	PUNCT
fbem-11827	26	58	.	.	PUNCT
fbem-11827	27	1	absolute	absolute	ADJ
fbem-11827	27	2	ppp	ppp	NOUN
fbem-11827	27	3	is	be	AUX
fbem-11827	27	4	a	a	DET
fbem-11827	27	5	static	static	ADJ
fbem-11827	27	6	analysis	analysis	NOUN
fbem-11827	27	7	that	that	PRON
fbem-11827	27	8	relies	rely	VERB
fbem-11827	27	9	on	on	ADP
fbem-11827	27	10	the	the	DET
fbem-11827	27	11	exchange	exchange	NOUN
fbem-11827	27	12	rate	rate	NOUN
fbem-11827	27	13	at	at	ADP
fbem-11827	27	14	a	a	DET
fbem-11827	27	15	specific	specific	ADJ
fbem-11827	27	16	moment	moment	NOUN
fbem-11827	27	17	in	in	ADP
fbem-11827	27	18	time	time	NOUN
fbem-11827	27	19	.	.	PUNCT
fbem-11827	28	1	the	the	DET
fbem-11827	28	2	conditions	condition	NOUN
fbem-11827	28	3	for	for	ADP
fbem-11827	28	4	establishing	establish	VERB
fbem-11827	28	5	absolute	absolute	ADJ
fbem-11827	28	6	ppp	ppp	NOUN
fbem-11827	28	7	are	be	AUX
fbem-11827	28	8	as	as	SCONJ
fbem-11827	28	9	follows	follow	VERB
fbem-11827	28	10	:	:	PUNCT
fbem-11827	28	11	the	the	DET
fbem-11827	28	12	law	law	NOUN
fbem-11827	28	13	of	of	ADP
fbem-11827	28	14	one	one	NUM
fbem-11827	28	15	price	price	NOUN
fbem-11827	28	16	holds	hold	VERB
fbem-11827	28	17	for	for	ADP
fbem-11827	28	18	all	all	DET
fbem-11827	28	19	tradable	tradable	ADJ
fbem-11827	28	20	goods	good	NOUN
fbem-11827	28	21	,	,	PUNCT
fbem-11827	28	22	and	and	CCONJ
fbem-11827	28	23	the	the	DET
fbem-11827	28	24	price	price	NOUN
fbem-11827	28	25	index	index	NOUN
fbem-11827	28	26	calculation	calculation	NOUN
fbem-11827	28	27	for	for	ADP
fbem-11827	28	28	both	both	DET
fbem-11827	28	29	countries	country	NOUN
fbem-11827	28	30	assigns	assign	VERB
fbem-11827	28	31	equal	equal	ADJ
fbem-11827	28	32	weights	weight	NOUN
fbem-11827	28	33	to	to	ADP
fbem-11827	28	34	all	all	DET
fbem-11827	28	35	tradable	tradable	ADJ
fbem-11827	28	36	commodities	commodity	NOUN
fbem-11827	28	37	.	.	PUNCT
fbem-11827	29	1	absolute	absolute	ADJ
fbem-11827	29	2	ppp	ppp	NOUN
fbem-11827	29	3	posits	posit	NOUN
fbem-11827	29	4	that	that	SCONJ
fbem-11827	29	5	the	the	DET
fbem-11827	29	6	nominal	nominal	ADJ
fbem-11827	29	7	exchange	exchange	NOUN
fbem-11827	29	8	rate	rate	NOUN
fbem-11827	29	9	can	can	AUX
fbem-11827	29	10	be	be	AUX
fbem-11827	29	11	determined	determine	VERB
fbem-11827	29	12	by	by	ADP
fbem-11827	29	13	the	the	DET
fbem-11827	29	14	ratio	ratio	NOUN
fbem-11827	29	15	of	of	ADP
fbem-11827	29	16	the	the	DET
fbem-11827	29	17	price	price	NOUN
fbem-11827	29	18	levels	level	NOUN
fbem-11827	29	19	of	of	ADP
fbem-11827	29	20	the	the	DET
fbem-11827	29	21	two	two	NUM
fbem-11827	29	22	countries	country	NOUN
fbem-11827	29	23	,	,	PUNCT
fbem-11827	29	24	denoted	denote	VERB
fbem-11827	29	25	as	as	ADP
fbem-11827	29	26	:	:	PUNCT
fbem-11827	29	27	e	e	NOUN
fbem-11827	29	28	=	=	NOUN
fbem-11827	29	29	∗	∗	NOUN
fbem-11827	29	30	(	(	PUNCT
fbem-11827	29	31	2	2	NUM
fbem-11827	29	32	)	)	PUNCT
fbem-11827	29	33	relative	relative	ADJ
fbem-11827	29	34	ppp	ppp	NOUN
fbem-11827	29	35	is	be	AUX
fbem-11827	29	36	obtained	obtain	VERB
fbem-11827	29	37	by	by	ADP
fbem-11827	29	38	relaxing	relax	VERB
fbem-11827	29	39	the	the	DET
fbem-11827	29	40	assumption	assumption	NOUN
fbem-11827	29	41	of	of	ADP
fbem-11827	29	42	absolute	absolute	ADJ
fbem-11827	29	43	ppp	ppp	NOUN
fbem-11827	29	44	.	.	PUNCT
fbem-11827	29	45	relative	relative	ADJ
fbem-11827	29	46	ppp	ppp	PROPN
fbem-11827	29	47	takes	take	VERB
fbem-11827	29	48	into	into	ADP
fbem-11827	29	49	account	account	NOUN
fbem-11827	29	50	transaction	transaction	NOUN
fbem-11827	29	51	costs	cost	NOUN
fbem-11827	29	52	and	and	CCONJ
fbem-11827	29	53	acknowledges	acknowledge	VERB
fbem-11827	29	54	the	the	DET
fbem-11827	29	55	variations	variation	NOUN
fbem-11827	29	56	in	in	ADP
fbem-11827	29	57	commodities	commodity	NOUN
fbem-11827	29	58	and	and	CCONJ
fbem-11827	29	59	their	their	PRON
fbem-11827	29	60	corresponding	corresponding	ADJ
fbem-11827	29	61	weights	weight	NOUN
fbem-11827	29	62	when	when	SCONJ
fbem-11827	29	63	calculating	calculate	VERB
fbem-11827	29	64	the	the	DET
fbem-11827	29	65	general	general	ADJ
fbem-11827	29	66	price	price	NOUN
fbem-11827	29	67	levels	level	NOUN
fbem-11827	29	68	across	across	ADP
fbem-11827	29	69	different	different	ADJ
fbem-11827	29	70	countries	country	NOUN
fbem-11827	29	71	.	.	PUNCT
fbem-11827	30	1	relative	relative	ADJ
fbem-11827	30	2	ppp	ppp	PROPN
fbem-11827	30	3	127	127	NUM
fbem-11827	30	4	introduces	introduce	NOUN
fbem-11827	30	5	a	a	DET
fbem-11827	30	6	weight	weight	NOUN
fbem-11827	30	7	θ	θ	NOUN
fbem-11827	30	8	on	on	ADP
fbem-11827	30	9	the	the	DET
fbem-11827	30	10	basis	basis	NOUN
fbem-11827	30	11	of	of	ADP
fbem-11827	30	12	formula	formula	NOUN
fbem-11827	30	13	(	(	PUNCT
fbem-11827	30	14	2	2	NUM
fbem-11827	30	15	)	)	PUNCT
fbem-11827	30	16	,	,	PUNCT
fbem-11827	30	17	namely	namely	ADV
fbem-11827	30	18	:	:	PUNCT
fbem-11827	30	19	e	e	X
fbem-11827	30	20	=	=	PROPN
fbem-11827	30	21	θ×	θ×	PROPN
fbem-11827	30	22	∗	∗	NOUN
fbem-11827	30	23	（	（	PUNCT
fbem-11827	31	1	θ	θ	PROPN
fbem-11827	31	2	is	be	AUX
fbem-11827	31	3	a	a	DET
fbem-11827	31	4	constant	constant	ADJ
fbem-11827	31	5	）	）	PUNCT
fbem-11827	31	6	(	(	PUNCT
fbem-11827	31	7	3	3	X
fbem-11827	31	8	)	)	PUNCT
fbem-11827	31	9	it	it	PRON
fbem-11827	31	10	can	can	AUX
fbem-11827	31	11	be	be	AUX
fbem-11827	31	12	concluded	conclude	VERB
fbem-11827	32	1	that	that	SCONJ
fbem-11827	32	2	:	:	PUNCT
fbem-11827	32	3	e	e	X
fbem-11827	32	4	≈	≈	PROPN
fbem-11827	32	5	π－π	π－π	NOUN
fbem-11827	32	6	*	*	X
fbem-11827	32	7	(	(	PUNCT
fbem-11827	32	8	4	4	NUM
fbem-11827	32	9	)	)	PUNCT
fbem-11827	32	10	among	among	ADP
fbem-11827	32	11	them	they	PRON
fbem-11827	32	12	,	,	PUNCT
fbem-11827	32	13	π	π	PROPN
fbem-11827	32	14	represents	represent	VERB
fbem-11827	32	15	the	the	DET
fbem-11827	32	16	domestic	domestic	ADJ
fbem-11827	32	17	inflation	inflation	NOUN
fbem-11827	32	18	rate	rate	NOUN
fbem-11827	32	19	,	,	PUNCT
fbem-11827	32	20	while	while	SCONJ
fbem-11827	32	21	π	π	PROPN
fbem-11827	32	22	*	*	PUNCT
fbem-11827	32	23	represents	represent	VERB
fbem-11827	32	24	the	the	DET
fbem-11827	32	25	foreign	foreign	ADJ
fbem-11827	32	26	inflation	inflation	NOUN
fbem-11827	32	27	rate	rate	NOUN
fbem-11827	32	28	.	.	PUNCT
fbem-11827	33	1	relative	relative	ADJ
fbem-11827	33	2	ppp	ppp	PROPN
fbem-11827	33	3	is	be	AUX
fbem-11827	33	4	a	a	DET
fbem-11827	33	5	dynamic	dynamic	ADJ
fbem-11827	33	6	analysis	analysis	NOUN
fbem-11827	33	7	that	that	SCONJ
fbem-11827	33	8	studies	study	NOUN
fbem-11827	33	9	exchange	exchange	NOUN
fbem-11827	33	10	rate	rate	NOUN
fbem-11827	33	11	changes	change	NOUN
fbem-11827	33	12	in	in	ADP
fbem-11827	33	13	a	a	DET
fbem-11827	33	14	certain	certain	ADJ
fbem-11827	33	15	period	period	NOUN
fbem-11827	33	16	of	of	ADP
fbem-11827	33	17	time	time	NOUN
fbem-11827	33	18	,	,	PUNCT
fbem-11827	33	19	and	and	CCONJ
fbem-11827	33	20	changes	change	NOUN
fbem-11827	33	21	from	from	ADP
fbem-11827	33	22	the	the	DET
fbem-11827	33	23	relationship	relationship	NOUN
fbem-11827	33	24	between	between	ADP
fbem-11827	33	25	exchange	exchange	NOUN
fbem-11827	33	26	rate	rate	NOUN
fbem-11827	33	27	and	and	CCONJ
fbem-11827	33	28	price	price	NOUN
fbem-11827	33	29	level	level	NOUN
fbem-11827	33	30	to	to	ADP
fbem-11827	33	31	the	the	DET
fbem-11827	33	32	relationship	relationship	NOUN
fbem-11827	33	33	between	between	ADP
fbem-11827	33	34	exchange	exchange	NOUN
fbem-11827	33	35	rate	rate	NOUN
fbem-11827	33	36	change	change	NOUN
fbem-11827	33	37	and	and	CCONJ
fbem-11827	33	38	inflation	inflation	NOUN
fbem-11827	33	39	rate	rate	NOUN
fbem-11827	33	40	.	.	PUNCT
fbem-11827	34	1	4	4	X
fbem-11827	34	2	.	.	X
fbem-11827	34	3	analyzing	analyze	VERB
fbem-11827	34	4	the	the	DET
fbem-11827	34	5	applicability	applicability	NOUN
fbem-11827	34	6	of	of	ADP
fbem-11827	34	7	purchasing	purchase	VERB
fbem-11827	34	8	power	power	NOUN
fbem-11827	34	9	parity	parity	NOUN
fbem-11827	34	10	based	base	VERB
fbem-11827	34	11	on	on	ADP
fbem-11827	34	12	china	china	PROPN
fbem-11827	34	13	’s	’s	PART
fbem-11827	34	14	reality	reality	NOUN
fbem-11827	34	15	4.1	4.1	NUM
fbem-11827	34	16	.	.	PUNCT
fbem-11827	35	1	policy	policy	NOUN
fbem-11827	35	2	analysis	analysis	NOUN
fbem-11827	35	3	one	one	NUM
fbem-11827	35	4	of	of	ADP
fbem-11827	35	5	the	the	DET
fbem-11827	35	6	prerequisites	prerequisite	NOUN
fbem-11827	35	7	for	for	ADP
fbem-11827	35	8	the	the	DET
fbem-11827	35	9	establishment	establishment	NOUN
fbem-11827	35	10	of	of	ADP
fbem-11827	35	11	the	the	DET
fbem-11827	35	12	ppp	ppp	NOUN
fbem-11827	35	13	theory	theory	NOUN
fbem-11827	35	14	is	be	AUX
fbem-11827	35	15	the	the	DET
fbem-11827	35	16	adoption	adoption	NOUN
fbem-11827	35	17	of	of	ADP
fbem-11827	35	18	a	a	DET
fbem-11827	35	19	floating	float	VERB
fbem-11827	35	20	exchange	exchange	NOUN
fbem-11827	35	21	rate	rate	NOUN
fbem-11827	35	22	system	system	NOUN
fbem-11827	35	23	.	.	PUNCT
fbem-11827	36	1	in	in	ADP
fbem-11827	36	2	this	this	DET
fbem-11827	36	3	context	context	NOUN
fbem-11827	36	4	,	,	PUNCT
fbem-11827	36	5	a	a	DET
fbem-11827	36	6	floating	float	VERB
fbem-11827	36	7	exchange	exchange	NOUN
fbem-11827	36	8	rate	rate	NOUN
fbem-11827	36	9	system	system	NOUN
fbem-11827	36	10	refers	refer	VERB
fbem-11827	36	11	to	to	ADP
fbem-11827	36	12	an	an	DET
fbem-11827	36	13	exchange	exchange	NOUN
fbem-11827	36	14	rate	rate	NOUN
fbem-11827	36	15	that	that	PRON
fbem-11827	36	16	is	be	AUX
fbem-11827	36	17	determined	determine	VERB
fbem-11827	36	18	solely	solely	ADV
fbem-11827	36	19	by	by	ADP
fbem-11827	36	20	the	the	DET
fbem-11827	36	21	market	market	NOUN
fbem-11827	36	22	's	's	PART
fbem-11827	36	23	supply	supply	NOUN
fbem-11827	36	24	and	and	CCONJ
fbem-11827	36	25	demand	demand	NOUN
fbem-11827	36	26	for	for	ADP
fbem-11827	36	27	currency	currency	NOUN
fbem-11827	36	28	.	.	PUNCT
fbem-11827	37	1	in	in	ADP
fbem-11827	37	2	the	the	DET
fbem-11827	37	3	process	process	NOUN
fbem-11827	37	4	of	of	ADP
fbem-11827	37	5	continuous	continuous	ADJ
fbem-11827	37	6	improvement	improvement	NOUN
fbem-11827	37	7	of	of	ADP
fbem-11827	37	8	my	my	PRON
fbem-11827	37	9	country	country	NOUN
fbem-11827	37	10	's	's	PART
fbem-11827	37	11	exchange	exchange	NOUN
fbem-11827	37	12	rate	rate	NOUN
fbem-11827	37	13	system	system	NOUN
fbem-11827	37	14	,	,	PUNCT
fbem-11827	37	15	it	it	PRON
fbem-11827	37	16	has	have	AUX
fbem-11827	37	17	already	already	ADV
fbem-11827	37	18	moved	move	VERB
fbem-11827	37	19	closer	close	ADV
fbem-11827	37	20	to	to	ADP
fbem-11827	37	21	the	the	DET
fbem-11827	37	22	ideal	ideal	ADJ
fbem-11827	37	23	floating	float	VERB
fbem-11827	37	24	exchange	exchange	NOUN
fbem-11827	37	25	rate	rate	NOUN
fbem-11827	37	26	system	system	NOUN
fbem-11827	37	27	.	.	PUNCT
fbem-11827	38	1	affected	affect	VERB
fbem-11827	38	2	by	by	ADP
fbem-11827	38	3	the	the	DET
fbem-11827	38	4	covid-19	covid-19	PROPN
fbem-11827	38	5	epidemic	epidemic	NOUN
fbem-11827	38	6	in	in	ADP
fbem-11827	38	7	recent	recent	ADJ
fbem-11827	38	8	years	year	NOUN
fbem-11827	38	9	,	,	PUNCT
fbem-11827	38	10	most	most	ADJ
fbem-11827	38	11	countries	country	NOUN
fbem-11827	38	12	cut	cut	VERB
fbem-11827	38	13	interest	interest	NOUN
fbem-11827	38	14	rates	rate	NOUN
fbem-11827	38	15	in	in	ADP
fbem-11827	38	16	the	the	DET
fbem-11827	38	17	early	early	ADJ
fbem-11827	38	18	stage	stage	NOUN
fbem-11827	38	19	to	to	PART
fbem-11827	38	20	stimulate	stimulate	VERB
fbem-11827	38	21	market	market	NOUN
fbem-11827	38	22	vitality	vitality	NOUN
fbem-11827	38	23	,	,	PUNCT
fbem-11827	38	24	and	and	CCONJ
fbem-11827	38	25	then	then	ADV
fbem-11827	38	26	began	begin	VERB
fbem-11827	38	27	to	to	PART
fbem-11827	38	28	raise	raise	VERB
fbem-11827	38	29	interest	interest	NOUN
fbem-11827	38	30	rates	rate	NOUN
fbem-11827	38	31	in	in	ADP
fbem-11827	38	32	order	order	NOUN
fbem-11827	38	33	to	to	PART
fbem-11827	38	34	curb	curb	VERB
fbem-11827	38	35	inflation	inflation	NOUN
fbem-11827	38	36	in	in	ADP
fbem-11827	38	37	the	the	DET
fbem-11827	38	38	middle	middle	ADJ
fbem-11827	38	39	and	and	CCONJ
fbem-11827	38	40	late	late	ADJ
fbem-11827	38	41	stages	stage	NOUN
fbem-11827	38	42	.	.	PUNCT
fbem-11827	39	1	my	my	PRON
fbem-11827	39	2	country	country	NOUN
fbem-11827	39	3	's	's	PART
fbem-11827	39	4	exchange	exchange	NOUN
fbem-11827	39	5	rate	rate	NOUN
fbem-11827	39	6	has	have	AUX
fbem-11827	39	7	also	also	ADV
fbem-11827	39	8	been	be	AUX
fbem-11827	39	9	affected	affect	VERB
fbem-11827	39	10	,	,	PUNCT
fbem-11827	39	11	but	but	CCONJ
fbem-11827	39	12	the	the	DET
fbem-11827	39	13	rmb	rmb	NOUN
fbem-11827	39	14	's	's	PART
fbem-11827	39	15	independent	independent	ADJ
fbem-11827	39	16	trend	trend	NOUN
fbem-11827	39	17	characteristics	characteristic	NOUN
fbem-11827	39	18	have	have	AUX
fbem-11827	39	19	become	become	VERB
fbem-11827	39	20	more	more	ADV
fbem-11827	39	21	and	and	CCONJ
fbem-11827	39	22	more	more	ADV
fbem-11827	39	23	obvious	obvious	ADJ
fbem-11827	39	24	,	,	PUNCT
fbem-11827	39	25	and	and	CCONJ
fbem-11827	39	26	the	the	DET
fbem-11827	39	27	correlation	correlation	NOUN
fbem-11827	39	28	with	with	ADP
fbem-11827	39	29	the	the	DET
fbem-11827	39	30	us	us	PROPN
fbem-11827	39	31	dollar	dollar	NOUN
fbem-11827	39	32	has	have	AUX
fbem-11827	39	33	declined	decline	VERB
fbem-11827	39	34	.	.	PUNCT
fbem-11827	40	1	compared	compare	VERB
fbem-11827	40	2	with	with	ADP
fbem-11827	40	3	the	the	DET
fbem-11827	40	4	u.s	u.s	PROPN
fbem-11827	40	5	.	.	PROPN
fbem-11827	40	6	dollar	dollar	NOUN
fbem-11827	40	7	,	,	PUNCT
fbem-11827	40	8	the	the	DET
fbem-11827	40	9	real	real	ADJ
fbem-11827	40	10	effective	effective	ADJ
fbem-11827	40	11	exchange	exchange	NOUN
fbem-11827	40	12	rate	rate	NOUN
fbem-11827	40	13	index	index	NOUN
fbem-11827	40	14	of	of	ADP
fbem-11827	40	15	rmb	rmb	PROPN
fbem-11827	40	16	fluctuates	fluctuate	VERB
fbem-11827	40	17	less	less	ADJ
fbem-11827	40	18	,	,	PUNCT
fbem-11827	40	19	which	which	PRON
fbem-11827	40	20	verifies	verify	VERB
fbem-11827	40	21	the	the	DET
fbem-11827	40	22	effectiveness	effectiveness	NOUN
fbem-11827	40	23	of	of	ADP
fbem-11827	40	24	my	my	PRON
fbem-11827	40	25	country	country	NOUN
fbem-11827	40	26	's	's	PART
fbem-11827	40	27	floating	float	VERB
fbem-11827	40	28	exchange	exchange	NOUN
fbem-11827	40	29	rate	rate	NOUN
fbem-11827	40	30	system	system	NOUN
fbem-11827	40	31	and	and	CCONJ
fbem-11827	40	32	enhances	enhance	VERB
fbem-11827	40	33	the	the	DET
fbem-11827	40	34	feasibility	feasibility	NOUN
fbem-11827	40	35	of	of	ADP
fbem-11827	40	36	ppp	ppp	PROPN
fbem-11827	40	37	theory	theory	NOUN
fbem-11827	40	38	in	in	ADP
fbem-11827	40	39	my	my	PRON
fbem-11827	40	40	country	country	NOUN
fbem-11827	40	41	.	.	PUNCT
fbem-11827	41	1	4.2	4.2	NUM
fbem-11827	41	2	.	.	PUNCT
fbem-11827	41	3	deviation	deviation	NOUN
fbem-11827	41	4	degree	degree	NOUN
fbem-11827	41	5	method	method	NOUN
fbem-11827	41	6	by	by	ADP
fbem-11827	41	7	comparing	compare	VERB
fbem-11827	41	8	the	the	DET
fbem-11827	41	9	nominal	nominal	ADJ
fbem-11827	41	10	exchange	exchange	NOUN
fbem-11827	41	11	rate	rate	NOUN
fbem-11827	41	12	of	of	ADP
fbem-11827	41	13	the	the	DET
fbem-11827	41	14	us	us	PROPN
fbem-11827	41	15	dollar	dollar	NOUN
fbem-11827	41	16	against	against	ADP
fbem-11827	41	17	the	the	DET
fbem-11827	41	18	rmb	rmb	NOUN
fbem-11827	41	19	and	and	CCONJ
fbem-11827	41	20	the	the	DET
fbem-11827	41	21	ppp	ppp	NOUN
fbem-11827	41	22	of	of	ADP
fbem-11827	41	23	the	the	DET
fbem-11827	41	24	rmb	rmb	NOUN
fbem-11827	41	25	,	,	PUNCT
fbem-11827	41	26	it	it	PRON
fbem-11827	41	27	is	be	AUX
fbem-11827	41	28	judged	judge	VERB
fbem-11827	41	29	whether	whether	SCONJ
fbem-11827	41	30	the	the	DET
fbem-11827	41	31	rmb	rmb	PROPN
fbem-11827	41	32	exchange	exchange	NOUN
fbem-11827	41	33	rate	rate	NOUN
fbem-11827	41	34	conforms	conform	VERB
fbem-11827	41	35	to	to	ADP
fbem-11827	41	36	the	the	DET
fbem-11827	41	37	ppp	ppp	PROPN
fbem-11827	41	38	theory	theory	NOUN
fbem-11827	41	39	.	.	PUNCT
fbem-11827	42	1	figure	figure	NOUN
fbem-11827	42	2	1	1	NUM
fbem-11827	42	3	illustrates	illustrate	VERB
fbem-11827	42	4	that	that	SCONJ
fbem-11827	42	5	the	the	DET
fbem-11827	42	6	ppp	ppp	PROPN
fbem-11827	42	7	exchange	exchange	NOUN
fbem-11827	42	8	rate	rate	NOUN
fbem-11827	42	9	deviates	deviate	VERB
fbem-11827	42	10	significantly	significantly	ADV
fbem-11827	42	11	from	from	ADP
fbem-11827	42	12	the	the	DET
fbem-11827	42	13	nominal	nominal	ADJ
fbem-11827	42	14	exchange	exchange	NOUN
fbem-11827	42	15	rate	rate	NOUN
fbem-11827	42	16	,	,	PUNCT
fbem-11827	42	17	but	but	CCONJ
fbem-11827	42	18	this	this	DET
fbem-11827	42	19	deviation	deviation	NOUN
fbem-11827	42	20	gradually	gradually	ADV
fbem-11827	42	21	decreases	decrease	VERB
fbem-11827	42	22	over	over	ADP
fbem-11827	42	23	time	time	NOUN
fbem-11827	42	24	.	.	PUNCT
fbem-11827	43	1	this	this	PRON
fbem-11827	43	2	indicates	indicate	VERB
fbem-11827	43	3	that	that	SCONJ
fbem-11827	43	4	the	the	DET
fbem-11827	43	5	current	current	ADJ
fbem-11827	43	6	applicability	applicability	NOUN
fbem-11827	43	7	of	of	ADP
fbem-11827	43	8	the	the	DET
fbem-11827	43	9	ppp	ppp	NOUN
fbem-11827	43	10	theory	theory	NOUN
fbem-11827	43	11	in	in	ADP
fbem-11827	43	12	my	my	PRON
fbem-11827	43	13	country	country	NOUN
fbem-11827	43	14	is	be	AUX
fbem-11827	43	15	still	still	ADV
fbem-11827	43	16	limited	limited	ADJ
fbem-11827	43	17	.	.	PUNCT
fbem-11827	44	1	however	however	ADV
fbem-11827	44	2	,	,	PUNCT
fbem-11827	44	3	if	if	SCONJ
fbem-11827	44	4	the	the	DET
fbem-11827	44	5	trend	trend	NOUN
fbem-11827	44	6	of	of	ADP
fbem-11827	44	7	reducing	reduce	VERB
fbem-11827	44	8	the	the	DET
fbem-11827	44	9	degree	degree	NOUN
fbem-11827	44	10	of	of	ADP
fbem-11827	44	11	deviation	deviation	NOUN
fbem-11827	44	12	is	be	AUX
fbem-11827	44	13	maintained	maintain	VERB
fbem-11827	44	14	in	in	ADP
fbem-11827	44	15	the	the	DET
fbem-11827	44	16	future	future	NOUN
fbem-11827	44	17	,	,	PUNCT
fbem-11827	44	18	the	the	DET
fbem-11827	44	19	applicability	applicability	NOUN
fbem-11827	44	20	of	of	ADP
fbem-11827	44	21	the	the	DET
fbem-11827	44	22	ppp	ppp	NOUN
fbem-11827	44	23	theory	theory	NOUN
fbem-11827	44	24	will	will	AUX
fbem-11827	44	25	gradually	gradually	ADV
fbem-11827	44	26	increase	increase	VERB
fbem-11827	44	27	.	.	PUNCT
fbem-11827	45	1	figure	figure	NOUN
fbem-11827	45	2	1	1	NUM
fbem-11827	45	3	.	.	PUNCT
fbem-11827	46	1	the	the	DET
fbem-11827	46	2	degree	degree	NOUN
fbem-11827	46	3	of	of	ADP
fbem-11827	46	4	deviation	deviation	NOUN
fbem-11827	46	5	between	between	ADP
fbem-11827	46	6	ppp	ppp	NOUN
fbem-11827	46	7	and	and	CCONJ
fbem-11827	46	8	er	er	INTJ
fbem-11827	46	9	4.3	4.3	NUM
fbem-11827	46	10	.	.	PUNCT
fbem-11827	47	1	real	real	ADJ
fbem-11827	47	2	exchange	exchange	NOUN
fbem-11827	47	3	rate	rate	NOUN
fbem-11827	47	4	method	method	NOUN
fbem-11827	47	5	using	use	VERB
fbem-11827	47	6	e	e	NOUN
fbem-11827	47	7	to	to	PART
fbem-11827	47	8	represent	represent	VERB
fbem-11827	47	9	the	the	DET
fbem-11827	47	10	real	real	ADJ
fbem-11827	47	11	exchange	exchange	NOUN
fbem-11827	47	12	rate	rate	NOUN
fbem-11827	47	13	,	,	PUNCT
fbem-11827	47	14	its	its	PRON
fbem-11827	47	15	expression	expression	NOUN
fbem-11827	47	16	is	be	AUX
fbem-11827	47	17	:	:	PUNCT
fbem-11827	47	18	e	e	X
fbem-11827	47	19	=	=	PUNCT
fbem-11827	47	20	e×	e×	PROPN
fbem-11827	47	21	∗	∗	NOUN
fbem-11827	47	22	(	(	PUNCT
fbem-11827	47	23	5	5	NUM
fbem-11827	47	24	)	)	PUNCT
fbem-11827	47	25	the	the	DET
fbem-11827	47	26	real	real	ADJ
fbem-11827	47	27	exchange	exchange	NOUN
fbem-11827	47	28	rate	rate	NOUN
fbem-11827	47	29	exists	exist	VERB
fbem-11827	47	30	independently	independently	ADV
fbem-11827	47	31	of	of	ADP
fbem-11827	47	32	the	the	DET
fbem-11827	47	33	nominal	nominal	ADJ
fbem-11827	47	34	exchange	exchange	NOUN
fbem-11827	47	35	rate	rate	NOUN
fbem-11827	47	36	and	and	CCONJ
fbem-11827	47	37	remains	remain	VERB
fbem-11827	47	38	constant	constant	ADJ
fbem-11827	47	39	at	at	ADP
fbem-11827	47	40	all	all	DET
fbem-11827	47	41	times	time	NOUN
fbem-11827	47	42	.	.	PUNCT
fbem-11827	48	1	nevertheless	nevertheless	ADV
fbem-11827	48	2	,	,	PUNCT
fbem-11827	48	3	figure	figure	NOUN
fbem-11827	48	4	2	2	NUM
fbem-11827	48	5	reveals	reveal	VERB
fbem-11827	48	6	a	a	DET
fbem-11827	48	7	strong	strong	ADJ
fbem-11827	48	8	correlation	correlation	NOUN
fbem-11827	48	9	between	between	ADP
fbem-11827	48	10	my	my	PRON
fbem-11827	48	11	country	country	NOUN
fbem-11827	48	12	's	's	PART
fbem-11827	48	13	real	real	ADJ
fbem-11827	48	14	effective	effective	ADJ
fbem-11827	48	15	exchange	exchange	NOUN
fbem-11827	48	16	rate	rate	NOUN
fbem-11827	48	17	index	index	NOUN
fbem-11827	48	18	and	and	CCONJ
fbem-11827	48	19	the	the	DET
fbem-11827	48	20	nominal	nominal	ADJ
fbem-11827	48	21	effective	effective	ADJ
fbem-11827	48	22	exchange	exchange	NOUN
fbem-11827	48	23	rate	rate	NOUN
fbem-11827	48	24	index	index	NOUN
fbem-11827	48	25	,	,	PUNCT
fbem-11827	48	26	without	without	ADP
fbem-11827	48	27	a	a	DET
fbem-11827	48	28	clear	clear	ADJ
fbem-11827	48	29	tendency	tendency	NOUN
fbem-11827	48	30	to	to	PART
fbem-11827	48	31	converge	converge	VERB
fbem-11827	48	32	towards	towards	ADP
fbem-11827	48	33	a	a	DET
fbem-11827	48	34	specific	specific	ADJ
fbem-11827	48	35	equilibrium	equilibrium	NOUN
fbem-11827	48	36	value	value	NOUN
fbem-11827	48	37	in	in	ADP
fbem-11827	48	38	the	the	DET
fbem-11827	48	39	long	long	ADJ
fbem-11827	48	40	run	run	NOUN
fbem-11827	48	41	.	.	PUNCT
fbem-11827	49	1	this	this	PRON
fbem-11827	49	2	suggests	suggest	VERB
fbem-11827	49	3	that	that	SCONJ
fbem-11827	49	4	the	the	DET
fbem-11827	49	5	ppp	ppp	NOUN
fbem-11827	49	6	theory	theory	NOUN
fbem-11827	49	7	is	be	AUX
fbem-11827	49	8	not	not	PART
fbem-11827	49	9	applicable	applicable	ADJ
fbem-11827	49	10	to	to	ADP
fbem-11827	49	11	the	the	DET
fbem-11827	49	12	exchange	exchange	NOUN
fbem-11827	49	13	rate	rate	NOUN
fbem-11827	49	14	of	of	ADP
fbem-11827	49	15	the	the	DET
fbem-11827	49	16	rmb	rmb	NOUN
fbem-11827	49	17	.	.	PUNCT
fbem-11827	50	1	0.00	0.00	NUM
fbem-11827	50	2	%	%	NOUN
fbem-11827	50	3	10.00	10.00	NUM
fbem-11827	50	4	%	%	NOUN
fbem-11827	50	5	20.00	20.00	NUM
fbem-11827	50	6	%	%	NOUN
fbem-11827	50	7	30.00	30.00	NUM
fbem-11827	50	8	%	%	NOUN
fbem-11827	50	9	40.00	40.00	NUM
fbem-11827	50	10	%	%	NOUN
fbem-11827	50	11	50.00	50.00	NUM
fbem-11827	50	12	%	%	NOUN
fbem-11827	50	13	60.00	60.00	NUM
fbem-11827	50	14	%	%	NOUN
fbem-11827	50	15	70.00	70.00	NUM
fbem-11827	50	16	%	%	NOUN
fbem-11827	50	17	80.00	80.00	NUM
fbem-11827	50	18	%	%	NOUN
fbem-11827	50	19	0	0	NUM
fbem-11827	50	20	1	1	NUM
fbem-11827	50	21	2	2	NUM
fbem-11827	50	22	3	3	NUM
fbem-11827	50	23	4	4	NUM
fbem-11827	50	24	5	5	NUM
fbem-11827	50	25	6	6	NUM
fbem-11827	50	26	7	7	NUM
fbem-11827	50	27	8	8	NUM
fbem-11827	50	28	9	9	NUM
fbem-11827	50	29	10	10	NUM
fbem-11827	50	30	degree	degree	NOUN
fbem-11827	50	31	of	of	ADP
fbem-11827	50	32	deviation	deviation	NOUN
fbem-11827	50	33	ppp	ppp	NOUN
fbem-11827	50	34	er	er	INTJ
fbem-11827	50	35	128	128	NUM
fbem-11827	50	36	figure	figure	NOUN
fbem-11827	50	37	2	2	NUM
fbem-11827	50	38	.	.	PUNCT
fbem-11827	50	39	comparison	comparison	NOUN
fbem-11827	50	40	of	of	ADP
fbem-11827	50	41	nominal	nominal	ADJ
fbem-11827	50	42	effective	effective	ADJ
fbem-11827	50	43	exchange	exchange	NOUN
fbem-11827	50	44	rate	rate	NOUN
fbem-11827	50	45	index	index	NOUN
fbem-11827	50	46	and	and	CCONJ
fbem-11827	50	47	real	real	ADJ
fbem-11827	50	48	effective	effective	ADJ
fbem-11827	50	49	exchange	exchange	NOUN
fbem-11827	50	50	rate	rate	NOUN
fbem-11827	50	51	index	index	NOUN
fbem-11827	50	52	4.4	4.4	NUM
fbem-11827	50	53	.	.	PUNCT
fbem-11827	51	1	definition	definition	NOUN
fbem-11827	51	2	method	method	VERB
fbem-11827	51	3	the	the	DET
fbem-11827	51	4	inflation	inflation	NOUN
fbem-11827	51	5	rate	rate	NOUN
fbem-11827	51	6	is	be	AUX
fbem-11827	51	7	represented	represent	VERB
fbem-11827	51	8	by	by	ADP
fbem-11827	51	9	the	the	DET
fbem-11827	51	10	change	change	NOUN
fbem-11827	51	11	rate	rate	NOUN
fbem-11827	51	12	of	of	ADP
fbem-11827	51	13	cpi	cpi	NOUN
fbem-11827	51	14	,	,	PUNCT
fbem-11827	51	15	and	and	CCONJ
fbem-11827	51	16	when	when	SCONJ
fbem-11827	51	17	the	the	DET
fbem-11827	51	18	difference	difference	NOUN
fbem-11827	51	19	between	between	ADP
fbem-11827	51	20	the	the	DET
fbem-11827	51	21	year	year	NOUN
fbem-11827	51	22	-	-	PUNCT
fbem-11827	51	23	on	on	ADP
fbem-11827	51	24	-	-	PUNCT
fbem-11827	51	25	year	year	NOUN
fbem-11827	51	26	change	change	NOUN
fbem-11827	51	27	rate	rate	NOUN
fbem-11827	51	28	of	of	ADP
fbem-11827	51	29	cpi	cpi	PROPN
fbem-11827	51	30	between	between	ADP
fbem-11827	51	31	china	china	PROPN
fbem-11827	51	32	and	and	CCONJ
fbem-11827	51	33	the	the	DET
fbem-11827	51	34	united	united	PROPN
fbem-11827	51	35	states	states	PROPN
fbem-11827	51	36	is	be	AUX
fbem-11827	51	37	reduced	reduce	VERB
fbem-11827	51	38	by	by	ADP
fbem-11827	51	39	the	the	DET
fbem-11827	51	40	definition	definition	NOUN
fbem-11827	51	41	of	of	ADP
fbem-11827	51	42	relative	relative	ADJ
fbem-11827	51	43	purchasing	purchasing	NOUN
fbem-11827	51	44	power	power	NOUN
fbem-11827	51	45	parity	parity	NOUN
fbem-11827	51	46	,	,	PUNCT
fbem-11827	51	47	the	the	DET
fbem-11827	51	48	exchange	exchange	NOUN
fbem-11827	51	49	rate	rate	NOUN
fbem-11827	51	50	of	of	ADP
fbem-11827	51	51	usd	usd	PROPN
fbem-11827	51	52	/	/	SYM
fbem-11827	51	53	rmb	rmb	NOUN
fbem-11827	51	54	should	should	AUX
fbem-11827	51	55	rise	rise	VERB
fbem-11827	51	56	.	.	PUNCT
fbem-11827	52	1	however	however	ADV
fbem-11827	52	2	,	,	PUNCT
fbem-11827	52	3	as	as	SCONJ
fbem-11827	52	4	can	can	AUX
fbem-11827	52	5	be	be	AUX
fbem-11827	52	6	seen	see	VERB
fbem-11827	52	7	from	from	ADP
fbem-11827	52	8	figure	figure	NOUN
fbem-11827	52	9	3	3	NUM
fbem-11827	52	10	,	,	PUNCT
fbem-11827	52	11	the	the	DET
fbem-11827	52	12	phenomenon	phenomenon	NOUN
fbem-11827	52	13	in	in	ADP
fbem-11827	52	14	some	some	DET
fbem-11827	52	15	periods	period	NOUN
fbem-11827	52	16	is	be	AUX
fbem-11827	52	17	contrary	contrary	ADJ
fbem-11827	52	18	to	to	ADP
fbem-11827	52	19	the	the	DET
fbem-11827	52	20	theory	theory	NOUN
fbem-11827	52	21	.	.	PUNCT
fbem-11827	53	1	for	for	ADP
fbem-11827	53	2	example	example	NOUN
fbem-11827	53	3	,	,	PUNCT
fbem-11827	53	4	the	the	DET
fbem-11827	53	5	difference	difference	NOUN
fbem-11827	53	6	in	in	ADP
fbem-11827	53	7	the	the	DET
fbem-11827	53	8	year	year	NOUN
fbem-11827	53	9	-	-	PUNCT
fbem-11827	53	10	on	on	ADP
fbem-11827	53	11	-	-	PUNCT
fbem-11827	53	12	year	year	NOUN
fbem-11827	53	13	change	change	NOUN
fbem-11827	53	14	rate	rate	NOUN
fbem-11827	53	15	of	of	ADP
fbem-11827	53	16	cpi	cpi	PROPN
fbem-11827	53	17	between	between	ADP
fbem-11827	53	18	china	china	PROPN
fbem-11827	53	19	and	and	CCONJ
fbem-11827	53	20	the	the	DET
fbem-11827	53	21	united	united	PROPN
fbem-11827	53	22	states	states	PROPN
fbem-11827	53	23	decreased	decrease	VERB
fbem-11827	53	24	significantly	significantly	ADV
fbem-11827	53	25	from	from	ADP
fbem-11827	53	26	1994	1994	NUM
fbem-11827	53	27	to	to	ADP
fbem-11827	53	28	1999	1999	NUM
fbem-11827	53	29	,	,	PUNCT
fbem-11827	53	30	but	but	CCONJ
fbem-11827	53	31	the	the	DET
fbem-11827	53	32	exchange	exchange	NOUN
fbem-11827	53	33	rate	rate	NOUN
fbem-11827	53	34	basically	basically	ADV
fbem-11827	53	35	did	do	AUX
fbem-11827	53	36	not	not	PART
fbem-11827	53	37	change	change	VERB
fbem-11827	53	38	after	after	ADP
fbem-11827	53	39	a	a	DET
fbem-11827	53	40	slight	slight	ADJ
fbem-11827	53	41	decline	decline	NOUN
fbem-11827	53	42	in	in	ADP
fbem-11827	53	43	1995	1995	NUM
fbem-11827	53	44	.	.	PUNCT
fbem-11827	54	1	this	this	DET
fbem-11827	54	2	observation	observation	NOUN
fbem-11827	54	3	indicates	indicate	VERB
fbem-11827	54	4	that	that	SCONJ
fbem-11827	54	5	the	the	DET
fbem-11827	54	6	ppp	ppp	NOUN
fbem-11827	54	7	falls	fall	VERB
fbem-11827	54	8	short	short	ADV
fbem-11827	54	9	in	in	ADP
fbem-11827	54	10	effectively	effectively	ADV
fbem-11827	54	11	explaining	explain	VERB
fbem-11827	54	12	the	the	DET
fbem-11827	54	13	trend	trend	NOUN
fbem-11827	54	14	of	of	ADP
fbem-11827	54	15	the	the	DET
fbem-11827	54	16	rmb	rmb	PROPN
fbem-11827	54	17	exchange	exchange	NOUN
fbem-11827	54	18	rate	rate	NOUN
fbem-11827	54	19	.	.	PUNCT
fbem-11827	55	1	figure	figure	NOUN
fbem-11827	55	2	3	3	NUM
fbem-11827	55	3	.	.	PUNCT
fbem-11827	56	1	definition	definition	NOUN
fbem-11827	56	2	method	method	NOUN
fbem-11827	56	3	5	5	NUM
fbem-11827	56	4	.	.	PUNCT
fbem-11827	57	1	analysis	analysis	NOUN
fbem-11827	57	2	of	of	ADP
fbem-11827	57	3	the	the	DET
fbem-11827	57	4	reasons	reason	NOUN
fbem-11827	57	5	for	for	ADP
fbem-11827	57	6	the	the	DET
fbem-11827	57	7	deviation	deviation	NOUN
fbem-11827	57	8	of	of	ADP
fbem-11827	57	9	rmb	rmb	NOUN
fbem-11827	57	10	exchange	exchange	NOUN
fbem-11827	57	11	rate	rate	NOUN
fbem-11827	57	12	from	from	ADP
fbem-11827	57	13	purchasing	purchase	VERB
fbem-11827	57	14	power	power	NOUN
fbem-11827	57	15	parity	parity	NOUN
fbem-11827	57	16	first	first	ADV
fbem-11827	57	17	,	,	PUNCT
fbem-11827	57	18	each	each	DET
fbem-11827	57	19	country	country	NOUN
fbem-11827	57	20	has	have	VERB
fbem-11827	57	21	different	different	ADJ
fbem-11827	57	22	supply	supply	NOUN
fbem-11827	57	23	and	and	CCONJ
fbem-11827	57	24	demand	demand	NOUN
fbem-11827	57	25	for	for	ADP
fbem-11827	57	26	the	the	DET
fbem-11827	57	27	same	same	ADJ
fbem-11827	57	28	commodity	commodity	NOUN
fbem-11827	57	29	.	.	PUNCT
fbem-11827	58	1	in	in	ADP
fbem-11827	58	2	certain	certain	ADJ
fbem-11827	58	3	periods	period	NOUN
fbem-11827	58	4	,	,	PUNCT
fbem-11827	58	5	the	the	DET
fbem-11827	58	6	price	price	NOUN
fbem-11827	58	7	of	of	ADP
fbem-11827	58	8	a	a	DET
fbem-11827	58	9	certain	certain	ADJ
fbem-11827	58	10	commodity	commodity	NOUN
fbem-11827	58	11	may	may	AUX
fbem-11827	58	12	suddenly	suddenly	ADV
fbem-11827	58	13	increase	increase	VERB
fbem-11827	58	14	or	or	CCONJ
fbem-11827	58	15	fall	fall	VERB
fbem-11827	58	16	based	base	VERB
fbem-11827	58	17	on	on	ADP
fbem-11827	58	18	its	its	PRON
fbem-11827	58	19	national	national	ADJ
fbem-11827	58	20	conditions	condition	NOUN
fbem-11827	58	21	,	,	PUNCT
fbem-11827	58	22	thus	thus	ADV
fbem-11827	58	23	deviating	deviate	VERB
fbem-11827	58	24	from	from	ADP
fbem-11827	58	25	the	the	DET
fbem-11827	58	26	actual	actual	ADJ
fbem-11827	58	27	value	value	NOUN
fbem-11827	58	28	of	of	ADP
fbem-11827	58	29	the	the	DET
fbem-11827	58	30	commodity	commodity	NOUN
fbem-11827	58	31	.	.	PUNCT
fbem-11827	59	1	second	second	ADJ
fbem-11827	59	2	,	,	PUNCT
fbem-11827	59	3	as	as	ADP
fbem-11827	59	4	a	a	DET
fbem-11827	59	5	major	major	ADJ
fbem-11827	59	6	exporter	exporter	NOUN
fbem-11827	59	7	,	,	PUNCT
fbem-11827	59	8	my	my	PRON
fbem-11827	59	9	country	country	NOUN
fbem-11827	59	10	has	have	VERB
fbem-11827	59	11	a	a	DET
fbem-11827	59	12	double	double	ADJ
fbem-11827	59	13	surplus	surplus	NOUN
fbem-11827	59	14	in	in	ADP
fbem-11827	59	15	the	the	DET
fbem-11827	59	16	balance	balance	NOUN
fbem-11827	59	17	of	of	ADP
fbem-11827	59	18	payments	payment	NOUN
fbem-11827	59	19	all	all	DET
fbem-11827	59	20	year	year	NOUN
fbem-11827	59	21	round	round	ADV
fbem-11827	59	22	,	,	PUNCT
fbem-11827	59	23	and	and	CCONJ
fbem-11827	59	24	its	its	PRON
fbem-11827	59	25	foreign	foreign	ADJ
fbem-11827	59	26	exchange	exchange	NOUN
fbem-11827	59	27	reserves	reserve	NOUN
fbem-11827	59	28	rank	rank	VERB
fbem-11827	59	29	first	first	ADV
fbem-11827	59	30	in	in	ADP
fbem-11827	59	31	the	the	DET
fbem-11827	59	32	world	world	NOUN
fbem-11827	59	33	.	.	PUNCT
fbem-11827	60	1	however	however	ADV
fbem-11827	60	2	,	,	PUNCT
fbem-11827	60	3	excessive	excessive	ADJ
fbem-11827	60	4	foreign	foreign	ADJ
fbem-11827	60	5	exchange	exchange	NOUN
fbem-11827	60	6	reserves	reserve	NOUN
fbem-11827	60	7	are	be	AUX
fbem-11827	60	8	likely	likely	ADJ
fbem-11827	60	9	to	to	PART
fbem-11827	60	10	cause	cause	VERB
fbem-11827	60	11	inflationary	inflationary	ADJ
fbem-11827	60	12	pressure	pressure	NOUN
fbem-11827	60	13	,	,	PUNCT
fbem-11827	60	14	and	and	CCONJ
fbem-11827	60	15	the	the	DET
fbem-11827	60	16	international	international	ADJ
fbem-11827	60	17	financial	financial	ADJ
fbem-11827	60	18	market	market	NOUN
fbem-11827	60	19	is	be	AUX
fbem-11827	60	20	changing	change	VERB
fbem-11827	60	21	rapidly	rapidly	ADV
fbem-11827	60	22	.	.	PUNCT
fbem-11827	61	1	the	the	PRON
fbem-11827	61	2	larger	large	ADJ
fbem-11827	61	3	the	the	DET
fbem-11827	61	4	foreign	foreign	ADJ
fbem-11827	61	5	exchange	exchange	NOUN
fbem-11827	61	6	reserves	reserve	NOUN
fbem-11827	61	7	,	,	PUNCT
fbem-11827	61	8	the	the	PRON
fbem-11827	61	9	greater	great	ADJ
fbem-11827	61	10	the	the	DET
fbem-11827	61	11	risk	risk	NOUN
fbem-11827	61	12	.	.	PUNCT
fbem-11827	62	1	our	our	PRON
fbem-11827	62	2	country	country	NOUN
fbem-11827	62	3	needs	need	VERB
fbem-11827	62	4	foreign	foreign	ADJ
fbem-11827	62	5	exchange	exchange	NOUN
fbem-11827	62	6	control	control	NOUN
fbem-11827	62	7	to	to	PART
fbem-11827	62	8	maintain	maintain	VERB
fbem-11827	62	9	the	the	DET
fbem-11827	62	10	currency	currency	NOUN
fbem-11827	62	11	value	value	NOUN
fbem-11827	62	12	and	and	CCONJ
fbem-11827	62	13	stabilize	stabilize	VERB
fbem-11827	62	14	the	the	DET
fbem-11827	62	15	exchange	exchange	NOUN
fbem-11827	62	16	rate	rate	NOUN
fbem-11827	62	17	.	.	PUNCT
fbem-11827	63	1	third	third	ADJ
fbem-11827	63	2	,	,	PUNCT
fbem-11827	63	3	it	it	PRON
fbem-11827	63	4	is	be	AUX
fbem-11827	63	5	difficult	difficult	ADJ
fbem-11827	63	6	to	to	PART
fbem-11827	63	7	keep	keep	VERB
fbem-11827	63	8	consistent	consistent	ADJ
fbem-11827	63	9	statistics	statistic	NOUN
fbem-11827	63	10	on	on	ADP
fbem-11827	63	11	the	the	DET
fbem-11827	63	12	inflation	inflation	NOUN
fbem-11827	63	13	rate	rate	NOUN
fbem-11827	63	14	of	of	ADP
fbem-11827	63	15	the	the	DET
fbem-11827	63	16	two	two	NUM
fbem-11827	63	17	countries	country	NOUN
fbem-11827	63	18	.	.	PUNCT
fbem-11827	64	1	the	the	DET
fbem-11827	64	2	indicators	indicator	NOUN
fbem-11827	64	3	that	that	PRON
fbem-11827	64	4	can	can	AUX
fbem-11827	64	5	measure	measure	VERB
fbem-11827	64	6	the	the	DET
fbem-11827	64	7	price	price	NOUN
fbem-11827	64	8	index	index	NOUN
fbem-11827	64	9	include	include	VERB
fbem-11827	64	10	ppi	ppi	PROPN
fbem-11827	64	11	,	,	PUNCT
fbem-11827	64	12	cpi	cpi	PROPN
fbem-11827	64	13	,	,	PUNCT
fbem-11827	64	14	gdp	gdp	NOUN
fbem-11827	64	15	deflator	deflator	NOUN
fbem-11827	64	16	,	,	PUNCT
fbem-11827	64	17	etc	etc	X
fbem-11827	64	18	.	.	X
fbem-11827	64	19	,	,	PUNCT
fbem-11827	64	20	but	but	CCONJ
fbem-11827	64	21	the	the	DET
fbem-11827	64	22	official	official	ADJ
fbem-11827	64	23	statistical	statistical	ADJ
fbem-11827	64	24	index	index	NOUN
fbem-11827	64	25	is	be	AUX
fbem-11827	64	26	different	different	ADJ
fbem-11827	64	27	.	.	PUNCT
fbem-11827	65	1	the	the	DET
fbem-11827	65	2	commodities	commodity	NOUN
fbem-11827	65	3	in	in	ADP
fbem-11827	65	4	the	the	DET
fbem-11827	65	5	basket	basket	NOUN
fbem-11827	65	6	are	be	AUX
fbem-11827	65	7	inconsistent	inconsistent	ADJ
fbem-11827	65	8	,	,	PUNCT
fbem-11827	65	9	and	and	CCONJ
fbem-11827	65	10	the	the	DET
fbem-11827	65	11	proportion	proportion	NOUN
fbem-11827	65	12	of	of	ADP
fbem-11827	65	13	each	each	DET
fbem-11827	65	14	commodity	commodity	NOUN
fbem-11827	65	15	is	be	AUX
fbem-11827	65	16	also	also	ADV
fbem-11827	65	17	inconsistent	inconsistent	ADJ
fbem-11827	65	18	.	.	PUNCT
fbem-11827	66	1	6	6	X
fbem-11827	66	2	.	.	X
fbem-11827	66	3	empirical	empirical	ADJ
fbem-11827	66	4	analysis	analysis	NOUN
fbem-11827	66	5	6.1	6.1	NUM
fbem-11827	66	6	.	.	PUNCT
fbem-11827	66	7	data	datum	NOUN
fbem-11827	66	8	selection	selection	NOUN
fbem-11827	66	9	and	and	CCONJ
fbem-11827	66	10	description	description	NOUN
fbem-11827	66	11	this	this	DET
fbem-11827	66	12	paper	paper	NOUN
fbem-11827	66	13	selects	select	VERB
fbem-11827	66	14	monthly	monthly	ADJ
fbem-11827	66	15	data	datum	NOUN
fbem-11827	66	16	from	from	ADP
fbem-11827	66	17	january	january	PROPN
fbem-11827	66	18	1994	1994	NUM
fbem-11827	66	19	to	to	ADP
fbem-11827	66	20	december	december	PROPN
fbem-11827	66	21	2022	2022	NUM
fbem-11827	66	22	.	.	PUNCT
fbem-11827	67	1	the	the	DET
fbem-11827	67	2	selected	select	VERB
fbem-11827	67	3	variables	variable	NOUN
fbem-11827	67	4	include	include	VERB
fbem-11827	67	5	american	american	PROPN
fbem-11827	67	6	cpi	cpi	PROPN
fbem-11827	67	7	index	index	NOUN
fbem-11827	67	8	(	(	PUNCT
fbem-11827	67	9	acpi	acpi	NOUN
fbem-11827	67	10	)	)	PUNCT
fbem-11827	67	11	,	,	PUNCT
fbem-11827	67	12	china	china	PROPN
fbem-11827	67	13	cpi	cpi	PROPN
fbem-11827	67	14	index	index	PROPN
fbem-11827	67	15	(	(	PUNCT
fbem-11827	67	16	ccpi	ccpi	NOUN
fbem-11827	67	17	)	)	PUNCT
fbem-11827	67	18	and	and	CCONJ
fbem-11827	67	19	usd	usd	ADJ
fbem-11827	67	20	/	/	SYM
fbem-11827	67	21	rmb	rmb	NOUN
fbem-11827	67	22	exchange	exchange	NOUN
fbem-11827	67	23	rate	rate	NOUN
fbem-11827	67	24	(	(	PUNCT
fbem-11827	67	25	rate	rate	NOUN
fbem-11827	67	26	)	)	PUNCT
fbem-11827	67	27	,	,	PUNCT
fbem-11827	67	28	among	among	ADP
fbem-11827	67	29	which	which	PRON
fbem-11827	67	30	the	the	DET
fbem-11827	67	31	cpi	cpi	PROPN
fbem-11827	67	32	index	index	NOUN
fbem-11827	67	33	60	60	NUM
fbem-11827	67	34	70	70	NUM
fbem-11827	67	35	80	80	NUM
fbem-11827	67	36	90	90	NUM
fbem-11827	67	37	100	100	NUM
fbem-11827	67	38	110	110	NUM
fbem-11827	67	39	120	120	NUM
fbem-11827	67	40	130	130	NUM
fbem-11827	67	41	140	140	NUM
fbem-11827	67	42	19941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022	19941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022	NUM
fbem-11827	67	43	nominal	nominal	ADJ
fbem-11827	67	44	effective	effective	ADJ
fbem-11827	67	45	exchange	exchange	NOUN
fbem-11827	67	46	rate	rate	NOUN
fbem-11827	67	47	index	index	NOUN
fbem-11827	67	48	real	real	ADJ
fbem-11827	67	49	effective	effective	ADJ
fbem-11827	67	50	exchange	exchange	NOUN
fbem-11827	67	51	rate	rate	NOUN
fbem-11827	67	52	index	index	NOUN
fbem-11827	68	1	-6	-6	INTJ
fbem-11827	68	2	-1	-1	ADP
fbem-11827	69	1	4	4	NUM
fbem-11827	69	2	9	9	NUM
fbem-11827	69	3	14	14	NUM
fbem-11827	69	4	19	19	NUM
fbem-11827	69	5	24	24	NUM
fbem-11827	69	6	6.00	6.00	NUM
fbem-11827	69	7	6.50	6.50	NUM
fbem-11827	69	8	7.00	7.00	NUM
fbem-11827	69	9	7.50	7.50	NUM
fbem-11827	69	10	8.00	8.00	NUM
fbem-11827	69	11	8.50	8.50	NUM
fbem-11827	69	12	9.00	9.00	NUM
fbem-11827	69	13	19	19	NUM
fbem-11827	69	14	94	94	NUM
fbem-11827	69	15	19	19	NUM
fbem-11827	69	16	95	95	NUM
fbem-11827	69	17	19	19	NUM
fbem-11827	69	18	96	96	NUM
fbem-11827	69	19	19	19	NUM
fbem-11827	69	20	97	97	NUM
fbem-11827	69	21	19	19	NUM
fbem-11827	69	22	98	98	NUM
fbem-11827	69	23	19	19	NUM
fbem-11827	69	24	99	99	NUM
fbem-11827	69	25	20	20	NUM
fbem-11827	69	26	00	00	NUM
fbem-11827	69	27	20	20	NUM
fbem-11827	69	28	01	01	NUM
fbem-11827	69	29	20	20	NUM
fbem-11827	69	30	02	02	NUM
fbem-11827	69	31	20	20	NUM
fbem-11827	69	32	03	03	NUM
fbem-11827	69	33	20	20	NUM
fbem-11827	69	34	04	04	NUM
fbem-11827	69	35	20	20	NUM
fbem-11827	69	36	05	05	NUM
fbem-11827	69	37	20	20	NUM
fbem-11827	69	38	06	06	NUM
fbem-11827	69	39	20	20	NUM
fbem-11827	69	40	07	07	NUM
fbem-11827	69	41	20	20	NUM
fbem-11827	69	42	08	08	NUM
fbem-11827	69	43	20	20	NUM
fbem-11827	69	44	09	09	NUM
fbem-11827	69	45	20	20	NUM
fbem-11827	69	46	10	10	NUM
fbem-11827	69	47	20	20	NUM
fbem-11827	69	48	11	11	NUM
fbem-11827	69	49	20	20	NUM
fbem-11827	69	50	12	12	NUM
fbem-11827	69	51	20	20	NUM
fbem-11827	69	52	13	13	NUM
fbem-11827	69	53	20	20	NUM
fbem-11827	69	54	14	14	NUM
fbem-11827	69	55	20	20	NUM
fbem-11827	69	56	15	15	NUM
fbem-11827	69	57	20	20	NUM
fbem-11827	69	58	16	16	NUM
fbem-11827	69	59	20	20	NUM
fbem-11827	69	60	17	17	NUM
fbem-11827	69	61	20	20	NUM
fbem-11827	69	62	18	18	NUM
fbem-11827	69	63	20	20	NUM
fbem-11827	69	64	19	19	NUM
fbem-11827	69	65	20	20	NUM
fbem-11827	69	66	20	20	NUM
fbem-11827	69	67	20	20	NUM
fbem-11827	69	68	21	21	NUM
fbem-11827	69	69	20	20	NUM
fbem-11827	69	70	22	22	NUM
fbem-11827	69	71	usd	usd	NOUN
fbem-11827	69	72	to	to	AUX
fbem-11827	69	73	rmb	rmb	VERB
fbem-11827	69	74	exchange	exchange	NOUN
fbem-11827	69	75	rate	rate	NOUN
fbem-11827	69	76	difference	difference	NOUN
fbem-11827	69	77	in	in	ADP
fbem-11827	69	78	year	year	NOUN
fbem-11827	69	79	-	-	PUNCT
fbem-11827	69	80	on	on	ADP
fbem-11827	69	81	-	-	PUNCT
fbem-11827	69	82	year	year	NOUN
fbem-11827	69	83	changes	change	NOUN
fbem-11827	69	84	in	in	ADP
fbem-11827	69	85	cpi	cpi	PROPN
fbem-11827	69	86	between	between	ADP
fbem-11827	69	87	china	china	PROPN
fbem-11827	69	88	and	and	CCONJ
fbem-11827	69	89	the	the	DET
fbem-11827	69	90	united	united	PROPN
fbem-11827	69	91	states	states	PROPN
fbem-11827	69	92	129	129	NUM
fbem-11827	69	93	represents	represent	VERB
fbem-11827	69	94	the	the	DET
fbem-11827	69	95	inflation	inflation	NOUN
fbem-11827	69	96	rate	rate	NOUN
fbem-11827	69	97	.	.	PUNCT
fbem-11827	70	1	the	the	DET
fbem-11827	70	2	above	above	ADJ
fbem-11827	70	3	variables	variable	NOUN
fbem-11827	70	4	were	be	AUX
fbem-11827	70	5	logarithmized	logarithmize	VERB
fbem-11827	70	6	to	to	PART
fbem-11827	70	7	eliminate	eliminate	VERB
fbem-11827	70	8	heteroscedasticity	heteroscedasticity	NOUN
fbem-11827	70	9	.	.	PUNCT
fbem-11827	71	1	the	the	DET
fbem-11827	71	2	data	datum	NOUN
fbem-11827	71	3	used	use	VERB
fbem-11827	71	4	in	in	ADP
fbem-11827	71	5	the	the	DET
fbem-11827	71	6	demonstration	demonstration	NOUN
fbem-11827	71	7	are	be	AUX
fbem-11827	71	8	all	all	ADV
fbem-11827	71	9	from	from	ADP
fbem-11827	71	10	the	the	DET
fbem-11827	71	11	official	official	ADJ
fbem-11827	71	12	website	website	NOUN
fbem-11827	71	13	of	of	ADP
fbem-11827	71	14	oecd	oecd	PROPN
fbem-11827	71	15	.	.	PROPN
fbem-11827	72	1	6.2	6.2	NUM
fbem-11827	72	2	.	.	PUNCT
fbem-11827	73	1	unit	unit	NOUN
fbem-11827	73	2	root	root	PROPN
fbem-11827	73	3	test	test	NOUN
fbem-11827	73	4	using	use	VERB
fbem-11827	73	5	the	the	DET
fbem-11827	73	6	adf	adf	PROPN
fbem-11827	73	7	test	test	NOUN
fbem-11827	73	8	,	,	PUNCT
fbem-11827	73	9	it	it	PRON
fbem-11827	73	10	can	can	AUX
fbem-11827	73	11	be	be	AUX
fbem-11827	73	12	concluded	conclude	VERB
fbem-11827	73	13	from	from	ADP
fbem-11827	73	14	table	table	NOUN
fbem-11827	73	15	1	1	NUM
fbem-11827	73	16	that	that	SCONJ
fbem-11827	73	17	at	at	ADP
fbem-11827	73	18	the	the	DET
fbem-11827	73	19	1	1	NUM
fbem-11827	73	20	%	%	NOUN
fbem-11827	73	21	significance	significance	NOUN
fbem-11827	73	22	level	level	NOUN
fbem-11827	73	23	,	,	PUNCT
fbem-11827	73	24	the	the	DET
fbem-11827	73	25	three	three	NUM
fbem-11827	73	26	variables	variable	NOUN
fbem-11827	73	27	are	be	AUX
fbem-11827	73	28	all	all	PRON
fbem-11827	73	29	firstorder	firstorder	ADV
fbem-11827	73	30	integrated	integrate	VERB
fbem-11827	73	31	.	.	PUNCT
fbem-11827	74	1	table	table	NOUN
fbem-11827	74	2	1	1	NUM
fbem-11827	74	3	.	.	PUNCT
fbem-11827	74	4	augmented	augment	VERB
fbem-11827	74	5	dickey	dickey	PROPN
fbem-11827	74	6	-	-	PUNCT
fbem-11827	74	7	fuller	full	ADJ
fbem-11827	74	8	test	test	NOUN
fbem-11827	74	9	variable	variable	NOUN
fbem-11827	74	10	adf	adf	PROPN
fbem-11827	74	11	p	p	NOUN
fbem-11827	74	12	-	-	PUNCT
fbem-11827	74	13	value	value	NOUN
fbem-11827	74	14	conclusion	conclusion	NOUN
fbem-11827	74	15	lnrate	lnrate	NOUN
fbem-11827	74	16	-1.204999	-1.204999	VERB
fbem-11827	74	17	0.2091	0.2091	NUM
fbem-11827	74	18	*	*	PUNCT
fbem-11827	74	19	unstable	unstable	ADJ
fbem-11827	74	20	d(lnrate	d(lnrate	NOUN
fbem-11827	74	21	）	）	PUNCT
fbem-11827	74	22	-10.69431	-10.69431	PUNCT
fbem-11827	75	1	0	0	NUM
fbem-11827	75	2	*	*	NUM
fbem-11827	75	3	stable	stable	ADJ
fbem-11827	75	4	lnus_cpi	lnus_cpi	X
fbem-11827	75	5	-3.349094	-3.349094	X
fbem-11827	75	6	0.0603	0.0603	NUM
fbem-11827	75	7	*	*	PUNCT
fbem-11827	75	8	unstable	unstable	ADJ
fbem-11827	75	9	d(lnus_cpi	d(lnus_cpi	NOUN
fbem-11827	75	10	)	)	PUNCT
fbem-11827	75	11	-6.116607	-6.116607	NOUN
fbem-11827	76	1	0	0	NUM
fbem-11827	76	2	*	*	PUNCT
fbem-11827	76	3	stable	stable	ADJ
fbem-11827	76	4	lncn_cpi	lncn_cpi	X
fbem-11827	76	5	6.229865	6.229865	NUM
fbem-11827	76	6	1	1	NUM
fbem-11827	76	7	*	*	PUNCT
fbem-11827	76	8	unstable	unstable	ADJ
fbem-11827	76	9	d(lncn_cpi	d(lncn_cpi	NOUN
fbem-11827	76	10	)	)	PUNCT
fbem-11827	76	11	-11.41814	-11.41814	PUNCT
fbem-11827	77	1	0	0	NUM
fbem-11827	77	2	*	*	NUM
fbem-11827	77	3	stable	stable	ADJ
fbem-11827	77	4	note	note	NOUN
fbem-11827	77	5	:	:	PUNCT
fbem-11827	77	6	*	*	PUNCT
fbem-11827	77	7	*	*	PUNCT
fbem-11827	77	8	*	*	PUNCT
fbem-11827	77	9	represents	represent	VERB
fbem-11827	77	10	the	the	DET
fbem-11827	77	11	rejection	rejection	NOUN
fbem-11827	77	12	of	of	ADP
fbem-11827	77	13	the	the	DET
fbem-11827	77	14	null	null	ADJ
fbem-11827	77	15	hypothesis	hypothesis	NOUN
fbem-11827	77	16	at	at	ADP
fbem-11827	77	17	the	the	DET
fbem-11827	77	18	1	1	NUM
fbem-11827	77	19	%	%	NOUN
fbem-11827	77	20	significant	significant	ADJ
fbem-11827	77	21	level	level	NOUN
fbem-11827	77	22	,	,	PUNCT
fbem-11827	77	23	*	*	PUNCT
fbem-11827	77	24	*	*	PUNCT
fbem-11827	77	25	represents	represent	VERB
fbem-11827	77	26	the	the	DET
fbem-11827	77	27	rejection	rejection	NOUN
fbem-11827	77	28	of	of	ADP
fbem-11827	77	29	the	the	DET
fbem-11827	77	30	null	null	ADJ
fbem-11827	77	31	hypothesis	hypothesis	NOUN
fbem-11827	77	32	at	at	ADP
fbem-11827	77	33	the	the	DET
fbem-11827	77	34	5	5	NUM
fbem-11827	77	35	%	%	NOUN
fbem-11827	77	36	significant	significant	ADJ
fbem-11827	77	37	level	level	NOUN
fbem-11827	77	38	,	,	PUNCT
fbem-11827	77	39	*	*	PUNCT
fbem-11827	77	40	represents	represent	VERB
fbem-11827	77	41	the	the	DET
fbem-11827	77	42	rejection	rejection	NOUN
fbem-11827	77	43	of	of	ADP
fbem-11827	77	44	the	the	DET
fbem-11827	77	45	null	null	ADJ
fbem-11827	77	46	hypothesis	hypothesis	NOUN
fbem-11827	77	47	at	at	ADP
fbem-11827	77	48	the	the	DET
fbem-11827	77	49	10	10	NUM
fbem-11827	77	50	%	%	NOUN
fbem-11827	77	51	significant	significant	ADJ
fbem-11827	77	52	level	level	NOUN
fbem-11827	77	53	.	.	PUNCT
fbem-11827	78	1	(	(	PUNCT
fbem-11827	78	2	the	the	DET
fbem-11827	78	3	same	same	ADJ
fbem-11827	78	4	below	below	ADV
fbem-11827	78	5	)	)	PUNCT
fbem-11827	78	6	6.3	6.3	NUM
fbem-11827	78	7	.	.	PUNCT
fbem-11827	79	1	model	model	PROPN
fbem-11827	79	2	building	building	NOUN
fbem-11827	79	3	construct	construct	VERB
fbem-11827	79	4	a	a	DET
fbem-11827	79	5	two	two	NUM
fbem-11827	79	6	-	-	PUNCT
fbem-11827	79	7	variable	variable	NOUN
fbem-11827	79	8	model	model	NOUN
fbem-11827	79	9	,	,	PUNCT
fbem-11827	79	10	regard	regard	VERB
fbem-11827	79	11	the	the	DET
fbem-11827	79	12	difference	difference	NOUN
fbem-11827	79	13	between	between	ADP
fbem-11827	79	14	cppi	cppi	NOUN
fbem-11827	79	15	and	and	CCONJ
fbem-11827	79	16	acpi	acpi	NOUN
fbem-11827	79	17	as	as	ADP
fbem-11827	79	18	a	a	DET
fbem-11827	79	19	variable	variable	NOUN
fbem-11827	79	20	,	,	PUNCT
fbem-11827	79	21	and	and	CCONJ
fbem-11827	79	22	study	study	VERB
fbem-11827	79	23	its	its	PRON
fbem-11827	79	24	linear	linear	ADJ
fbem-11827	79	25	relationship	relationship	NOUN
fbem-11827	79	26	with	with	ADP
fbem-11827	79	27	rate	rate	NOUN
fbem-11827	79	28	.	.	PUNCT
fbem-11827	80	1	lnratet	lnratet	NOUN
fbem-11827	80	2	=	=	SYM
fbem-11827	80	3	λ+β0（lnccpi	λ+β0（lnccpi	NOUN
fbem-11827	80	4	-	-	PUNCT
fbem-11827	80	5	lnacpi）+ξt	lnacpi）+ξt	ADV
fbem-11827	80	6	(	(	PUNCT
fbem-11827	80	7	6	6	NUM
fbem-11827	80	8	)	)	PUNCT
fbem-11827	81	1	to	to	PART
fbem-11827	81	2	construct	construct	VERB
fbem-11827	81	3	a	a	DET
fbem-11827	81	4	three	three	NUM
fbem-11827	81	5	-	-	PUNCT
fbem-11827	81	6	variable	variable	NOUN
fbem-11827	81	7	model	model	NOUN
fbem-11827	81	8	,	,	PUNCT
fbem-11827	81	9	the	the	DET
fbem-11827	81	10	inspection	inspection	NOUN
fbem-11827	81	11	requirements	requirement	NOUN
fbem-11827	81	12	are	be	AUX
fbem-11827	81	13	relatively	relatively	ADV
fbem-11827	81	14	loose	loose	ADJ
fbem-11827	81	15	,	,	PUNCT
fbem-11827	81	16	and	and	CCONJ
fbem-11827	81	17	proportionality	proportionality	NOUN
fbem-11827	81	18	and	and	CCONJ
fbem-11827	81	19	symmetry	symmetry	NOUN
fbem-11827	81	20	are	be	AUX
fbem-11827	81	21	not	not	PART
fbem-11827	81	22	required	require	VERB
fbem-11827	81	23	.	.	PUNCT
fbem-11827	82	1	lnratet	lnratet	NOUN
fbem-11827	82	2	=	=	SYM
fbem-11827	82	3	λ+β0lnccpi	λ+β0lnccpi	NOUN
fbem-11827	82	4	-	-	PUNCT
fbem-11827	82	5	β1lnacpi+ξ	β1lnacpi+ξ	NOUN
fbem-11827	82	6	(	(	PUNCT
fbem-11827	82	7	7	7	NUM
fbem-11827	82	8	)	)	PUNCT
fbem-11827	82	9	because	because	SCONJ
fbem-11827	82	10	the	the	DET
fbem-11827	82	11	results	result	NOUN
fbem-11827	82	12	of	of	ADP
fbem-11827	82	13	the	the	DET
fbem-11827	82	14	two	two	NUM
fbem-11827	82	15	-	-	PUNCT
fbem-11827	82	16	variable	variable	NOUN
fbem-11827	82	17	model	model	NOUN
fbem-11827	82	18	in	in	ADP
fbem-11827	82	19	most	most	ADJ
fbem-11827	82	20	of	of	ADP
fbem-11827	82	21	the	the	DET
fbem-11827	82	22	literature	literature	NOUN
fbem-11827	82	23	are	be	AUX
fbem-11827	82	24	not	not	PART
fbem-11827	82	25	significant	significant	ADJ
fbem-11827	82	26	or	or	CCONJ
fbem-11827	82	27	the	the	DET
fbem-11827	82	28	co	co	NOUN
fbem-11827	82	29	-	-	NOUN
fbem-11827	82	30	integration	integration	NOUN
fbem-11827	82	31	results	result	NOUN
fbem-11827	82	32	are	be	AUX
fbem-11827	82	33	not	not	PART
fbem-11827	82	34	consistent	consistent	ADJ
fbem-11827	82	35	with	with	ADP
fbem-11827	82	36	the	the	DET
fbem-11827	82	37	theory	theory	NOUN
fbem-11827	82	38	,	,	PUNCT
fbem-11827	82	39	so	so	ADV
fbem-11827	82	40	this	this	DET
fbem-11827	82	41	experiment	experiment	NOUN
fbem-11827	82	42	directly	directly	ADV
fbem-11827	82	43	uses	use	VERB
fbem-11827	82	44	the	the	DET
fbem-11827	82	45	three	three	NUM
fbem-11827	82	46	-	-	PUNCT
fbem-11827	82	47	variable	variable	ADJ
fbem-11827	82	48	model	model	NOUN
fbem-11827	82	49	for	for	ADP
fbem-11827	82	50	testing	testing	NOUN
fbem-11827	82	51	.	.	PUNCT
fbem-11827	83	1	6.4	6.4	NUM
fbem-11827	83	2	.	.	PUNCT
fbem-11827	84	1	johansen	johansen	PROPN
fbem-11827	84	2	cointegration	cointegration	PROPN
fbem-11827	84	3	test	test	NOUN
fbem-11827	84	4	first	first	ADV
fbem-11827	84	5	use	use	VERB
fbem-11827	84	6	the	the	DET
fbem-11827	84	7	var	var	NOUN
fbem-11827	84	8	model	model	NOUN
fbem-11827	84	9	to	to	PART
fbem-11827	84	10	determine	determine	VERB
fbem-11827	84	11	the	the	DET
fbem-11827	84	12	co	co	NOUN
fbem-11827	84	13	-	-	NOUN
fbem-11827	84	14	integration	integration	NOUN
fbem-11827	84	15	lag	lag	NOUN
fbem-11827	84	16	order	order	NOUN
fbem-11827	84	17	,	,	PUNCT
fbem-11827	84	18	judge	judge	NOUN
fbem-11827	84	19	by	by	ADP
fbem-11827	84	20	the	the	DET
fbem-11827	84	21	principle	principle	NOUN
fbem-11827	84	22	of	of	ADP
fbem-11827	84	23	the	the	DET
fbem-11827	84	24	most	most	ADJ
fbem-11827	84	25	asterisks	asterisk	NOUN
fbem-11827	84	26	,	,	PUNCT
fbem-11827	84	27	and	and	CCONJ
fbem-11827	84	28	after	after	ADP
fbem-11827	84	29	many	many	ADJ
fbem-11827	84	30	experiments	experiment	NOUN
fbem-11827	84	31	,	,	PUNCT
fbem-11827	84	32	as	as	SCONJ
fbem-11827	84	33	shown	show	VERB
fbem-11827	84	34	in	in	ADP
fbem-11827	84	35	table	table	NOUN
fbem-11827	84	36	2	2	NUM
fbem-11827	84	37	(	(	PUNCT
fbem-11827	84	38	due	due	ADP
fbem-11827	84	39	to	to	ADP
fbem-11827	84	40	space	space	NOUN
fbem-11827	84	41	limitations	limitation	NOUN
fbem-11827	84	42	,	,	PUNCT
fbem-11827	84	43	only	only	ADV
fbem-11827	84	44	part	part	NOUN
fbem-11827	84	45	of	of	ADP
fbem-11827	84	46	the	the	DET
fbem-11827	84	47	results	result	NOUN
fbem-11827	84	48	are	be	AUX
fbem-11827	84	49	shown	show	VERB
fbem-11827	84	50	)	)	PUNCT
fbem-11827	84	51	,	,	PUNCT
fbem-11827	84	52	the	the	DET
fbem-11827	84	53	optimal	optimal	ADJ
fbem-11827	84	54	subsequent	subsequent	ADJ
fbem-11827	84	55	order	order	NOUN
fbem-11827	84	56	is	be	AUX
fbem-11827	84	57	37	37	NUM
fbem-11827	84	58	,	,	PUNCT
fbem-11827	84	59	and	and	CCONJ
fbem-11827	84	60	at	at	ADP
fbem-11827	84	61	the	the	DET
fbem-11827	84	62	same	same	ADJ
fbem-11827	84	63	time	time	NOUN
fbem-11827	84	64	pass	pass	VERB
fbem-11827	84	65	the	the	DET
fbem-11827	84	66	three	three	NUM
fbem-11827	84	67	criteria	criterion	NOUN
fbem-11827	84	68	of	of	ADP
fbem-11827	84	69	lr	lr	PROPN
fbem-11827	84	70	,	,	PUNCT
fbem-11827	84	71	fpe	fpe	PROPN
fbem-11827	84	72	,	,	PUNCT
fbem-11827	84	73	and	and	CCONJ
fbem-11827	84	74	aic	aic	PROPN
fbem-11827	84	75	.	.	PROPN
fbem-11827	84	76	table	table	NOUN
fbem-11827	84	77	2	2	NUM
fbem-11827	84	78	.	.	X
fbem-11827	84	79	optimal	optimal	ADJ
fbem-11827	84	80	lag	lag	NOUN
fbem-11827	84	81	order	order	NOUN
fbem-11827	84	82	lag	lag	NOUN
fbem-11827	84	83	logl	logl	NOUN
fbem-11827	84	84	lr	lr	PROPN
fbem-11827	84	85	fpe	fpe	PROPN
fbem-11827	84	86	aic	aic	PROPN
fbem-11827	84	87	sc	sc	PROPN
fbem-11827	85	1	hq	hq	PROPN
fbem-11827	85	2	35	35	NUM
fbem-11827	85	3	3954.492	3954.492	NUM
fbem-11827	85	4	12.18142	12.18142	NUM
fbem-11827	85	5	1.19e-14	1.19e-14	NUM
fbem-11827	85	6	-23.63307	-23.63307	NUM
fbem-11827	85	7	-19.81819	-19.81819	NUM
fbem-11827	85	8	-22.10770	-22.10770	NUM
fbem-11827	85	9	36	36	NUM
fbem-11827	85	10	3972.983	3972.983	NUM
fbem-11827	85	11	24.01477	24.01477	NUM
fbem-11827	85	12	1.13e-14	1.13e-14	NUM
fbem-11827	85	13	-23.69470	-23.69470	SYM
fbem-11827	85	14	-19.77083	-19.77083	INTJ
fbem-11827	85	15	-22.12575	-22.12575	SYM
fbem-11827	85	16	37	37	NUM
fbem-11827	85	17	4002.104	4002.104	NUM
fbem-11827	85	18	37.25225	37.25225	NUM
fbem-11827	85	19	*	*	PUNCT
fbem-11827	86	1	9.99e-15	9.99e-15	NUM
fbem-11827	86	2	*	*	PUNCT
fbem-11827	86	3	-23.82535	-23.82535	NUM
fbem-11827	86	4	*	*	NOUN
fbem-11827	86	5	-19.79249	-19.79249	SYM
fbem-11827	86	6	-22.21283	-22.21283	SYM
fbem-11827	86	7	38	38	NUM
fbem-11827	86	8	4006.648	4006.648	NUM
fbem-11827	86	9	5.724007	5.724007	NUM
fbem-11827	86	10	1.04e-14	1.04e-14	NUM
fbem-11827	86	11	-23.79642	-23.79642	SYM
fbem-11827	86	12	-19.65455	-19.65455	PUNCT
fbem-11827	86	13	-22.14031	-22.14031	NUM
fbem-11827	86	14	39	39	NUM
fbem-11827	86	15	4016.700	4016.700	NUM
fbem-11827	86	16	12.46644	12.46644	NUM
fbem-11827	86	17	1.04e-14	1.04e-14	NUM
fbem-11827	86	18	-23.80325	-23.80325	NUM
fbem-11827	86	19	-19.55238	-19.55238	PUNCT
fbem-11827	86	20	-22.10356	-22.10356	SYM
fbem-11827	86	21	40	40	NUM
fbem-11827	86	22	4024.958	4024.958	NUM
fbem-11827	86	23	10.08148	10.08148	NUM
fbem-11827	86	24	1.06e-14	1.06e-14	NUM
fbem-11827	86	25	-23.79843	-23.79843	SYM
fbem-11827	86	26	-19.43857	-19.43857	PUNCT
fbem-11827	86	27	-22.05516	-22.05516	PUNCT
fbem-11827	86	28	then	then	ADV
fbem-11827	86	29	carry	carry	VERB
fbem-11827	86	30	out	out	ADP
fbem-11827	86	31	the	the	DET
fbem-11827	86	32	johansen	johansen	PROPN
fbem-11827	86	33	co	co	NOUN
fbem-11827	86	34	-	-	NOUN
fbem-11827	86	35	integration	integration	NOUN
fbem-11827	86	36	test	test	NOUN
fbem-11827	86	37	,	,	PUNCT
fbem-11827	86	38	it	it	PRON
fbem-11827	86	39	can	can	AUX
fbem-11827	86	40	be	be	AUX
fbem-11827	86	41	seen	see	VERB
fbem-11827	86	42	from	from	ADP
fbem-11827	86	43	table	table	NOUN
fbem-11827	86	44	3	3	NUM
fbem-11827	86	45	that	that	SCONJ
fbem-11827	86	46	at	at	ADP
fbem-11827	86	47	the	the	DET
fbem-11827	86	48	5	5	NUM
fbem-11827	86	49	%	%	NOUN
fbem-11827	86	50	significance	significance	NOUN
fbem-11827	86	51	level	level	NOUN
fbem-11827	86	52	,	,	PUNCT
fbem-11827	86	53	there	there	PRON
fbem-11827	86	54	is	be	VERB
fbem-11827	86	55	a	a	DET
fbem-11827	86	56	co	co	NOUN
fbem-11827	86	57	-	-	NOUN
fbem-11827	86	58	integration	integration	NOUN
fbem-11827	86	59	equation	equation	NOUN
fbem-11827	86	60	among	among	ADP
fbem-11827	86	61	the	the	DET
fbem-11827	86	62	three	three	NUM
fbem-11827	86	63	variables	variable	NOUN
fbem-11827	86	64	:	:	PUNCT
fbem-11827	86	65	lnacpit-1=0.569162	lnacpit-1=0.569162	PROPN
fbem-11827	86	66	-	-	PUNCT
fbem-11827	86	67	1.025877lnccpit-10.245763lnratet-1	1.025877lnccpit-10.245763lnratet-1	NUM
fbem-11827	86	68	(	(	PUNCT
fbem-11827	86	69	0.12831	0.12831	NUM
fbem-11827	86	70	)	)	PUNCT
fbem-11827	86	71	(	(	PUNCT
fbem-11827	86	72	0.21554	0.21554	NUM
fbem-11827	86	73	)	)	PUNCT
fbem-11827	86	74	table	table	NOUN
fbem-11827	86	75	3	3	NUM
fbem-11827	86	76	.	.	PUNCT
fbem-11827	86	77	johansen	johansen	PROPN
fbem-11827	86	78	cointegration	cointegration	PROPN
fbem-11827	86	79	test	test	NOUN
fbem-11827	86	80	results	result	NOUN
fbem-11827	86	81	hypothesized	hypothesize	VERB
fbem-11827	86	82	no.of	no.of	PROPN
fbem-11827	86	83	ce(s	ce(s	NOUN
fbem-11827	86	84	)	)	PUNCT
fbem-11827	86	85	eigenvalue	eigenvalue	NOUN
fbem-11827	86	86	trace	trace	NOUN
fbem-11827	86	87	statistic	statistic	NOUN
fbem-11827	86	88	0.05	0.05	NUM
fbem-11827	86	89	critical	critical	ADJ
fbem-11827	86	90	value	value	NOUN
fbem-11827	86	91	prob	prob	NOUN
fbem-11827	86	92	.	.	PUNCT
fbem-11827	87	1	*	*	PUNCT
fbem-11827	87	2	*	*	PUNCT
fbem-11827	88	1	none	none	NOUN
fbem-11827	88	2	*	*	NOUN
fbem-11827	89	1	0.087642	0.087642	NUM
fbem-11827	89	2	42.42913	42.42913	NUM
fbem-11827	89	3	29.79707	29.79707	NUM
fbem-11827	89	4	0.0011	0.0011	NUM
fbem-11827	89	5	at	at	ADP
fbem-11827	89	6	most	most	ADJ
fbem-11827	89	7	1	1	NUM
fbem-11827	89	8	0.038138	0.038138	NUM
fbem-11827	89	9	13.90340	13.90340	NUM
fbem-11827	89	10	15.49471	15.49471	NUM
fbem-11827	89	11	0.0856	0.0856	NUM
fbem-11827	89	12	at	at	ADP
fbem-11827	89	13	most	most	ADJ
fbem-11827	89	14	2	2	NUM
fbem-11827	89	15	0.005805	0.005805	NUM
fbem-11827	89	16	1.81047	1.81047	NUM
fbem-11827	89	17	3.841466	3.841466	NUM
fbem-11827	89	18	0.1785	0.1785	NUM
fbem-11827	89	19	according	accord	VERB
fbem-11827	89	20	to	to	ADP
fbem-11827	89	21	the	the	DET
fbem-11827	89	22	equation	equation	NOUN
fbem-11827	89	23	,	,	PUNCT
fbem-11827	89	24	assuming	assume	VERB
fbem-11827	89	25	that	that	SCONJ
fbem-11827	89	26	the	the	DET
fbem-11827	89	27	u.s	u.s	PROPN
fbem-11827	89	28	.	.	PROPN
fbem-11827	89	29	price	price	NOUN
fbem-11827	89	30	index	index	NOUN
fbem-11827	89	31	remains	remain	VERB
fbem-11827	89	32	unchanged	unchanged	ADJ
fbem-11827	89	33	and	and	CCONJ
fbem-11827	89	34	the	the	DET
fbem-11827	89	35	chinese	chinese	ADJ
fbem-11827	89	36	price	price	NOUN
fbem-11827	89	37	index	index	NOUN
fbem-11827	89	38	rises	rise	NOUN
fbem-11827	89	39	,	,	PUNCT
fbem-11827	89	40	the	the	DET
fbem-11827	89	41	exchange	exchange	NOUN
fbem-11827	89	42	rate	rate	NOUN
fbem-11827	89	43	of	of	ADP
fbem-11827	89	44	the	the	DET
fbem-11827	89	45	dollar	dollar	NOUN
fbem-11827	89	46	against	against	ADP
fbem-11827	89	47	the	the	DET
fbem-11827	89	48	renminbi	renminbi	NOUN
fbem-11827	89	49	will	will	AUX
fbem-11827	89	50	fall	fall	VERB
fbem-11827	89	51	according	accord	VERB
fbem-11827	89	52	to	to	ADP
fbem-11827	89	53	the	the	DET
fbem-11827	89	54	equation	equation	NOUN
fbem-11827	89	55	,	,	PUNCT
fbem-11827	89	56	which	which	PRON
fbem-11827	89	57	is	be	AUX
fbem-11827	89	58	inconsistent	inconsistent	ADJ
fbem-11827	89	59	with	with	ADP
fbem-11827	89	60	the	the	DET
fbem-11827	89	61	theory	theory	NOUN
fbem-11827	89	62	.	.	PUNCT
fbem-11827	90	1	therefore	therefore	ADV
fbem-11827	90	2	,	,	PUNCT
fbem-11827	90	3	the	the	DET
fbem-11827	90	4	equation	equation	NOUN
fbem-11827	90	5	does	do	AUX
fbem-11827	90	6	not	not	PART
fbem-11827	90	7	hold	hold	VERB
fbem-11827	90	8	,	,	PUNCT
fbem-11827	90	9	that	that	ADV
fbem-11827	90	10	is	is	ADV
fbem-11827	90	11	,	,	PUNCT
fbem-11827	90	12	in	in	ADP
fbem-11827	90	13	the	the	DET
fbem-11827	90	14	three	three	NUM
fbem-11827	90	15	-	-	PUNCT
fbem-11827	90	16	variable	variable	NOUN
fbem-11827	90	17	model	model	NOUN
fbem-11827	90	18	,	,	PUNCT
fbem-11827	90	19	there	there	PRON
fbem-11827	90	20	is	be	VERB
fbem-11827	90	21	no	no	DET
fbem-11827	90	22	long	long	ADJ
fbem-11827	90	23	-	-	PUNCT
fbem-11827	90	24	term	term	NOUN
fbem-11827	90	25	equilibrium	equilibrium	NOUN
fbem-11827	90	26	relationship	relationship	NOUN
fbem-11827	90	27	between	between	ADP
fbem-11827	90	28	the	the	DET
fbem-11827	90	29	us	us	PROPN
fbem-11827	90	30	cpi	cpi	PROPN
fbem-11827	90	31	index	index	PROPN
fbem-11827	90	32	,	,	PUNCT
fbem-11827	90	33	ch	ch	PROPN
fbem-11827	90	34	ina	ina	PROPN
fbem-11827	90	35	's	's	PART
fbem-11827	90	36	cpi	cpi	PROPN
fbem-11827	90	37	index	index	NOUN
fbem-11827	90	38	,	,	PUNCT
fbem-11827	90	39	and	and	CCONJ
fbem-11827	90	40	the	the	DET
fbem-11827	90	41	exchange	exchange	NOUN
fbem-11827	90	42	rate	rate	NOUN
fbem-11827	90	43	of	of	ADP
fbem-11827	90	44	usd	usd	NOUN
fbem-11827	90	45	/	/	SYM
fbem-11827	90	46	rmb	rmb	NOUN
fbem-11827	90	47	.	.	PUNCT
fbem-11827	91	1	7	7	X
fbem-11827	91	2	.	.	X
fbem-11827	91	3	conclusions	conclusion	NOUN
fbem-11827	91	4	and	and	CCONJ
fbem-11827	91	5	recommendations	recommendation	NOUN
fbem-11827	91	6	7.1	7.1	NUM
fbem-11827	91	7	.	.	PUNCT
fbem-11827	92	1	conclusions	conclusion	NOUN
fbem-11827	92	2	in	in	ADP
fbem-11827	92	3	the	the	DET
fbem-11827	92	4	policy	policy	NOUN
fbem-11827	92	5	analysis	analysis	NOUN
fbem-11827	92	6	method	method	NOUN
fbem-11827	92	7	and	and	CCONJ
fbem-11827	92	8	the	the	DET
fbem-11827	92	9	degree	degree	NOUN
fbem-11827	92	10	of	of	ADP
fbem-11827	92	11	deviation	deviation	NOUN
fbem-11827	92	12	method	method	NOUN
fbem-11827	92	13	,	,	PUNCT
fbem-11827	92	14	it	it	PRON
fbem-11827	92	15	can	can	AUX
fbem-11827	92	16	be	be	AUX
fbem-11827	92	17	found	find	VERB
fbem-11827	92	18	that	that	SCONJ
fbem-11827	92	19	the	the	DET
fbem-11827	92	20	independence	independence	NOUN
fbem-11827	92	21	of	of	ADP
fbem-11827	92	22	the	the	DET
fbem-11827	92	23	renminbi	renminbi	NOUN
fbem-11827	92	24	is	be	AUX
fbem-11827	92	25	increasing	increase	VERB
fbem-11827	92	26	,	,	PUNCT
fbem-11827	92	27	the	the	DET
fbem-11827	92	28	degree	degree	NOUN
fbem-11827	92	29	of	of	ADP
fbem-11827	92	30	deviation	deviation	NOUN
fbem-11827	92	31	is	be	AUX
fbem-11827	92	32	shrinking	shrink	VERB
fbem-11827	92	33	,	,	PUNCT
fbem-11827	92	34	and	and	CCONJ
fbem-11827	92	35	the	the	DET
fbem-11827	92	36	purchasing	purchase	VERB
fbem-11827	92	37	power	power	NOUN
fbem-11827	92	38	of	of	ADP
fbem-11827	92	39	the	the	DET
fbem-11827	92	40	renminbi	renminbi	NOUN
fbem-11827	92	41	is	be	AUX
fbem-11827	92	42	gradually	gradually	ADV
fbem-11827	92	43	approaching	approach	VERB
fbem-11827	92	44	the	the	DET
fbem-11827	92	45	market	market	NOUN
fbem-11827	92	46	exchange	exchange	NOUN
fbem-11827	92	47	rate	rate	NOUN
fbem-11827	92	48	,	,	PUNCT
fbem-11827	92	49	indicating	indicate	VERB
fbem-11827	92	50	that	that	SCONJ
fbem-11827	92	51	the	the	DET
fbem-11827	92	52	feasibility	feasibility	NOUN
fbem-11827	92	53	of	of	ADP
fbem-11827	92	54	ppp	ppp	PROPN
fbem-11827	92	55	in	in	ADP
fbem-11827	92	56	my	my	PRON
fbem-11827	92	57	country	country	NOUN
fbem-11827	92	58	has	have	AUX
fbem-11827	92	59	increased	increase	VERB
fbem-11827	92	60	.	.	PUNCT
fbem-11827	93	1	in	in	ADP
fbem-11827	93	2	the	the	DET
fbem-11827	93	3	real	real	ADJ
fbem-11827	93	4	exchange	exchange	NOUN
fbem-11827	93	5	rate	rate	NOUN
fbem-11827	93	6	method	method	NOUN
fbem-11827	93	7	and	and	CCONJ
fbem-11827	93	8	the	the	DET
fbem-11827	93	9	definition	definition	NOUN
fbem-11827	93	10	method	method	NOUN
fbem-11827	93	11	,	,	PUNCT
fbem-11827	93	12	130	130	NUM
fbem-11827	93	13	it	it	PRON
fbem-11827	93	14	can	can	AUX
fbem-11827	93	15	be	be	AUX
fbem-11827	93	16	found	find	VERB
fbem-11827	93	17	that	that	SCONJ
fbem-11827	93	18	the	the	DET
fbem-11827	93	19	ppp	ppp	NOUN
fbem-11827	93	20	theory	theory	NOUN
fbem-11827	93	21	is	be	AUX
fbem-11827	93	22	contrary	contrary	ADJ
fbem-11827	93	23	to	to	ADP
fbem-11827	93	24	the	the	DET
fbem-11827	93	25	actual	actual	ADJ
fbem-11827	93	26	phenomenon	phenomenon	NOUN
fbem-11827	93	27	.	.	PUNCT
fbem-11827	94	1	this	this	DET
fbem-11827	94	2	contradiction	contradiction	NOUN
fbem-11827	94	3	suggests	suggest	VERB
fbem-11827	94	4	that	that	SCONJ
fbem-11827	94	5	the	the	DET
fbem-11827	94	6	ppp	ppp	NOUN
fbem-11827	94	7	theory	theory	NOUN
fbem-11827	94	8	is	be	AUX
fbem-11827	94	9	inadequate	inadequate	ADJ
fbem-11827	94	10	in	in	ADP
fbem-11827	94	11	explaining	explain	VERB
fbem-11827	94	12	the	the	DET
fbem-11827	94	13	dynamics	dynamic	NOUN
fbem-11827	94	14	of	of	ADP
fbem-11827	94	15	the	the	DET
fbem-11827	94	16	rmb	rmb	PROPN
fbem-11827	94	17	exchange	exchange	NOUN
fbem-11827	94	18	rate	rate	NOUN
fbem-11827	94	19	.	.	PUNCT
fbem-11827	95	1	from	from	ADP
fbem-11827	95	2	the	the	DET
fbem-11827	95	3	empirical	empirical	ADJ
fbem-11827	95	4	analysis	analysis	NOUN
fbem-11827	95	5	of	of	ADP
fbem-11827	95	6	johansen	johansen	PROPN
fbem-11827	95	7	's	's	PART
fbem-11827	95	8	cointegration	cointegration	NOUN
fbem-11827	95	9	test	test	NOUN
fbem-11827	95	10	,	,	PUNCT
fbem-11827	95	11	it	it	PRON
fbem-11827	95	12	is	be	AUX
fbem-11827	95	13	concluded	conclude	VERB
fbem-11827	95	14	that	that	SCONJ
fbem-11827	95	15	there	there	PRON
fbem-11827	95	16	is	be	VERB
fbem-11827	95	17	no	no	DET
fbem-11827	95	18	linear	linear	ADJ
fbem-11827	95	19	relationship	relationship	NOUN
fbem-11827	95	20	between	between	ADP
fbem-11827	95	21	the	the	DET
fbem-11827	95	22	three	three	NUM
fbem-11827	95	23	variables	variable	NOUN
fbem-11827	95	24	of	of	ADP
fbem-11827	95	25	the	the	DET
fbem-11827	95	26	us	us	PROPN
fbem-11827	95	27	dollar	dollar	NOUN
fbem-11827	95	28	-	-	PUNCT
fbem-11827	95	29	rmb	rmb	NOUN
fbem-11827	95	30	exchange	exchange	NOUN
fbem-11827	95	31	rate	rate	NOUN
fbem-11827	95	32	and	and	CCONJ
fbem-11827	95	33	the	the	DET
fbem-11827	95	34	chinese	chinese	ADJ
fbem-11827	95	35	and	and	CCONJ
fbem-11827	95	36	american	american	ADJ
fbem-11827	95	37	consumer	consumer	NOUN
fbem-11827	95	38	price	price	NOUN
fbem-11827	95	39	indexes	index	NOUN
fbem-11827	95	40	,	,	PUNCT
fbem-11827	95	41	so	so	SCONJ
fbem-11827	95	42	relative	relative	ADJ
fbem-11827	95	43	ppp	ppp	PROPN
fbem-11827	95	44	can	can	AUX
fbem-11827	95	45	not	not	PART
fbem-11827	95	46	explain	explain	VERB
fbem-11827	95	47	the	the	DET
fbem-11827	95	48	exchange	exchange	NOUN
fbem-11827	95	49	rate	rate	NOUN
fbem-11827	95	50	changes	change	NOUN
fbem-11827	95	51	in	in	ADP
fbem-11827	95	52	my	my	PRON
fbem-11827	95	53	country	country	NOUN
fbem-11827	95	54	.	.	PUNCT
fbem-11827	96	1	however	however	ADV
fbem-11827	96	2	,	,	PUNCT
fbem-11827	96	3	there	there	PRON
fbem-11827	96	4	may	may	AUX
fbem-11827	96	5	be	be	AUX
fbem-11827	96	6	errors	error	NOUN
fbem-11827	96	7	in	in	ADP
fbem-11827	96	8	the	the	DET
fbem-11827	96	9	empirical	empirical	ADJ
fbem-11827	96	10	results	result	NOUN
fbem-11827	96	11	.	.	PUNCT
fbem-11827	97	1	the	the	DET
fbem-11827	97	2	reasons	reason	NOUN
fbem-11827	97	3	are	be	AUX
fbem-11827	97	4	:	:	PUNCT
fbem-11827	97	5	the	the	DET
fbem-11827	97	6	selection	selection	NOUN
fbem-11827	97	7	of	of	ADP
fbem-11827	97	8	statistical	statistical	ADJ
fbem-11827	97	9	indicators	indicator	NOUN
fbem-11827	97	10	may	may	AUX
fbem-11827	97	11	not	not	PART
fbem-11827	97	12	be	be	AUX
fbem-11827	97	13	optimal	optimal	ADJ
fbem-11827	97	14	;	;	PUNCT
fbem-11827	97	15	the	the	DET
fbem-11827	97	16	epidemic	epidemic	NOUN
fbem-11827	97	17	in	in	ADP
fbem-11827	97	18	recent	recent	ADJ
fbem-11827	97	19	years	year	NOUN
fbem-11827	97	20	has	have	AUX
fbem-11827	97	21	caused	cause	VERB
fbem-11827	97	22	large	large	ADJ
fbem-11827	97	23	changes	change	NOUN
fbem-11827	97	24	in	in	ADP
fbem-11827	97	25	exchange	exchange	NOUN
fbem-11827	97	26	rates	rate	NOUN
fbem-11827	97	27	and	and	CCONJ
fbem-11827	97	28	prices	price	NOUN
fbem-11827	97	29	,	,	PUNCT
fbem-11827	97	30	and	and	CCONJ
fbem-11827	97	31	the	the	DET
fbem-11827	97	32	data	data	NOUN
fbem-11827	97	33	is	be	AUX
fbem-11827	97	34	not	not	PART
fbem-11827	97	35	stable	stable	ADJ
fbem-11827	97	36	enough	enough	ADV
fbem-11827	97	37	.	.	PUNCT
fbem-11827	98	1	to	to	PART
fbem-11827	98	2	sum	sum	VERB
fbem-11827	98	3	up	up	ADP
fbem-11827	98	4	,	,	PUNCT
fbem-11827	98	5	ppp	ppp	PROPN
fbem-11827	98	6	is	be	AUX
fbem-11827	98	7	still	still	ADV
fbem-11827	98	8	not	not	PART
fbem-11827	98	9	able	able	ADJ
fbem-11827	98	10	to	to	PART
fbem-11827	98	11	explain	explain	VERB
fbem-11827	98	12	my	my	PRON
fbem-11827	98	13	country	country	NOUN
fbem-11827	98	14	's	's	PART
fbem-11827	98	15	exchange	exchange	NOUN
fbem-11827	98	16	rate	rate	NOUN
fbem-11827	98	17	changes	change	NOUN
fbem-11827	98	18	well	well	ADV
fbem-11827	98	19	,	,	PUNCT
fbem-11827	98	20	but	but	CCONJ
fbem-11827	98	21	the	the	DET
fbem-11827	98	22	applicability	applicability	NOUN
fbem-11827	98	23	of	of	ADP
fbem-11827	98	24	ppp	ppp	PROPN
fbem-11827	98	25	in	in	ADP
fbem-11827	98	26	my	my	PRON
fbem-11827	98	27	country	country	NOUN
fbem-11827	98	28	is	be	AUX
fbem-11827	98	29	gradually	gradually	ADV
fbem-11827	98	30	increasing	increase	VERB
fbem-11827	98	31	.	.	PUNCT
fbem-11827	99	1	7.2	7.2	NUM
fbem-11827	99	2	.	.	PUNCT
fbem-11827	99	3	recommendations	recommendation	NOUN
fbem-11827	99	4	first	first	ADV
fbem-11827	99	5	,	,	PUNCT
fbem-11827	99	6	the	the	DET
fbem-11827	99	7	internationalization	internationalization	NOUN
fbem-11827	99	8	of	of	ADP
fbem-11827	99	9	rmb	rmb	NOUN
fbem-11827	99	10	will	will	AUX
fbem-11827	99	11	help	help	VERB
fbem-11827	99	12	to	to	PART
fbem-11827	99	13	enhance	enhance	VERB
fbem-11827	99	14	the	the	DET
fbem-11827	99	15	feasibility	feasibility	NOUN
fbem-11827	99	16	of	of	ADP
fbem-11827	99	17	ppp	ppp	PROPN
fbem-11827	99	18	in	in	ADP
fbem-11827	99	19	my	my	PRON
fbem-11827	99	20	country	country	NOUN
fbem-11827	99	21	.	.	PUNCT
fbem-11827	100	1	second	second	ADV
fbem-11827	100	2	,	,	PUNCT
fbem-11827	100	3	effectively	effectively	ADV
fbem-11827	100	4	use	use	VERB
fbem-11827	100	5	the	the	DET
fbem-11827	100	6	theory	theory	NOUN
fbem-11827	100	7	of	of	ADP
fbem-11827	100	8	ppp	ppp	PROPN
fbem-11827	100	9	to	to	PART
fbem-11827	100	10	guide	guide	VERB
fbem-11827	100	11	the	the	DET
fbem-11827	100	12	longterm	longterm	ADJ
fbem-11827	100	13	decision	decision	NOUN
fbem-11827	100	14	of	of	ADP
fbem-11827	100	15	rmb	rmb	NOUN
fbem-11827	100	16	exchange	exchange	NOUN
fbem-11827	100	17	rate	rate	NOUN
fbem-11827	100	18	and	and	CCONJ
fbem-11827	100	19	its	its	PRON
fbem-11827	100	20	fluctuation	fluctuation	NOUN
fbem-11827	100	21	.	.	PUNCT
fbem-11827	101	1	third	third	ADJ
fbem-11827	101	2	,	,	PUNCT
fbem-11827	101	3	it	it	PRON
fbem-11827	101	4	is	be	AUX
fbem-11827	101	5	recommended	recommend	VERB
fbem-11827	101	6	to	to	PART
fbem-11827	101	7	make	make	VERB
fbem-11827	101	8	appropriate	appropriate	ADJ
fbem-11827	101	9	adjustments	adjustment	NOUN
fbem-11827	101	10	to	to	ADP
fbem-11827	101	11	the	the	DET
fbem-11827	101	12	rmb	rmb	PROPN
fbem-11827	101	13	exchange	exchange	NOUN
fbem-11827	101	14	rate	rate	NOUN
fbem-11827	101	15	system	system	NOUN
fbem-11827	101	16	,	,	PUNCT
fbem-11827	101	17	aiming	aim	VERB
fbem-11827	101	18	to	to	PART
fbem-11827	101	19	steer	steer	VERB
fbem-11827	101	20	it	it	PRON
fbem-11827	101	21	towards	towards	ADP
fbem-11827	101	22	a	a	DET
fbem-11827	101	23	direction	direction	NOUN
fbem-11827	101	24	that	that	PRON
fbem-11827	101	25	promotes	promote	VERB
fbem-11827	101	26	the	the	DET
fbem-11827	101	27	long	long	ADJ
fbem-11827	101	28	-	-	PUNCT
fbem-11827	101	29	term	term	NOUN
fbem-11827	101	30	development	development	NOUN
fbem-11827	101	31	of	of	ADP
fbem-11827	101	32	our	our	PRON
fbem-11827	101	33	country	country	NOUN
fbem-11827	101	34	's	's	PART
fbem-11827	101	35	exchange	exchange	NOUN
fbem-11827	101	36	rate	rate	NOUN
fbem-11827	101	37	while	while	SCONJ
fbem-11827	101	38	prioritizing	prioritize	VERB
fbem-11827	101	39	marketization	marketization	NOUN
fbem-11827	101	40	to	to	ADP
fbem-11827	101	41	the	the	DET
fbem-11827	101	42	greatest	great	ADJ
fbem-11827	101	43	extent	extent	NOUN
fbem-11827	101	44	possible	possible	ADJ
fbem-11827	101	45	.	.	PUNCT
fbem-11827	102	1	fourth	fourth	ADV
fbem-11827	102	2	,	,	PUNCT
fbem-11827	102	3	promote	promote	VERB
fbem-11827	102	4	market	market	NOUN
fbem-11827	102	5	competition	competition	NOUN
fbem-11827	102	6	,	,	PUNCT
fbem-11827	102	7	reduce	reduce	VERB
fbem-11827	102	8	transaction	transaction	NOUN
fbem-11827	102	9	costs	cost	NOUN
fbem-11827	102	10	,	,	PUNCT
fbem-11827	102	11	and	and	CCONJ
fbem-11827	102	12	strengthen	strengthen	VERB
fbem-11827	102	13	price	price	NOUN
fbem-11827	102	14	liberalization	liberalization	NOUN
fbem-11827	102	15	to	to	PART
fbem-11827	102	16	ensure	ensure	VERB
fbem-11827	102	17	that	that	SCONJ
fbem-11827	102	18	commodity	commodity	NOUN
fbem-11827	102	19	prices	price	NOUN
fbem-11827	102	20	can	can	AUX
fbem-11827	102	21	be	be	AUX
fbem-11827	102	22	adjusted	adjust	VERB
fbem-11827	102	23	freely	freely	ADV
fbem-11827	102	24	.	.	PUNCT
fbem-11827	103	1	fifth	fifth	ADJ
fbem-11827	103	2	,	,	PUNCT
fbem-11827	103	3	the	the	DET
fbem-11827	103	4	government	government	NOUN
fbem-11827	103	5	can	can	AUX
fbem-11827	103	6	optimize	optimize	VERB
fbem-11827	103	7	the	the	DET
fbem-11827	103	8	cross	cross	ADJ
fbem-11827	103	9	-	-	ADJ
fbem-11827	103	10	border	border	ADJ
fbem-11827	103	11	trading	trading	NOUN
fbem-11827	103	12	environment	environment	NOUN
fbem-11827	103	13	by	by	ADP
fbem-11827	103	14	reducing	reduce	VERB
fbem-11827	103	15	tariffs	tariff	NOUN
fbem-11827	103	16	and	and	CCONJ
fbem-11827	103	17	non	non	ADJ
fbem-11827	103	18	-	-	ADJ
fbem-11827	103	19	tariff	tariff	ADJ
fbem-11827	103	20	barriers	barrier	NOUN
fbem-11827	103	21	,	,	PUNCT
fbem-11827	103	22	so	so	SCONJ
fbem-11827	103	23	that	that	SCONJ
fbem-11827	103	24	the	the	DET
fbem-11827	103	25	actual	actual	ADJ
fbem-11827	103	26	commodity	commodity	NOUN
fbem-11827	103	27	prices	price	NOUN
fbem-11827	103	28	in	in	ADP
fbem-11827	103	29	different	different	ADJ
fbem-11827	103	30	countries	country	NOUN
fbem-11827	103	31	are	be	AUX
fbem-11827	103	32	closer	close	ADJ
fbem-11827	103	33	.	.	PUNCT
fbem-11827	104	1	sixth	sixth	ADV
fbem-11827	104	2	,	,	PUNCT
fbem-11827	104	3	strengthen	strengthen	VERB
fbem-11827	104	4	cooperation	cooperation	NOUN
fbem-11827	104	5	with	with	ADP
fbem-11827	104	6	other	other	ADJ
fbem-11827	104	7	countries	country	NOUN
fbem-11827	104	8	and	and	CCONJ
fbem-11827	104	9	international	international	ADJ
fbem-11827	104	10	organizations	organization	NOUN
fbem-11827	104	11	to	to	PART
fbem-11827	104	12	share	share	VERB
fbem-11827	104	13	information	information	NOUN
fbem-11827	104	14	and	and	CCONJ
fbem-11827	104	15	data	datum	NOUN
fbem-11827	104	16	in	in	ADP
fbem-11827	104	17	order	order	NOUN
fbem-11827	104	18	to	to	PART
fbem-11827	104	19	more	more	ADV
fbem-11827	104	20	accurately	accurately	ADV
fbem-11827	104	21	estimate	estimate	VERB
fbem-11827	104	22	differences	difference	NOUN
fbem-11827	104	23	in	in	ADP
fbem-11827	104	24	commodity	commodity	NOUN
fbem-11827	104	25	price	price	NOUN
fbem-11827	104	26	levels	level	NOUN
fbem-11827	104	27	across	across	ADP
fbem-11827	104	28	countries	country	NOUN
fbem-11827	104	29	.	.	PUNCT
fbem-11827	105	1	references	reference	NOUN
fbem-11827	105	2	[	[	X
fbem-11827	105	3	1	1	NUM
fbem-11827	105	4	]	]	X
fbem-11827	105	5	fan	fan	PROPN
fbem-11827	105	6	,	,	PUNCT
fbem-11827	105	7	j.	j.	PROPN
fbem-11827	105	8	,	,	PUNCT
fbem-11827	105	9	han	han	PROPN
fbem-11827	105	10	q.	q.	PROPN
fbem-11827	105	11	(	(	PUNCT
fbem-11827	105	12	2008	2008	NUM
fbem-11827	105	13	)	)	PUNCT
fbem-11827	105	14	analysis	analysis	NOUN
fbem-11827	105	15	on	on	ADP
fbem-11827	105	16	the	the	DET
fbem-11827	105	17	applicability	applicability	NOUN
fbem-11827	105	18	of	of	ADP
fbem-11827	105	19	purchasing	purchase	VERB
fbem-11827	105	20	power	power	NOUN
fbem-11827	105	21	parity	parity	NOUN
fbem-11827	105	22	theory	theory	NOUN
fbem-11827	105	23	to	to	ADP
fbem-11827	105	24	rmb	rmb	PROPN
fbem-11827	105	25	exchange	exchange	NOUN
fbem-11827	105	26	rate	rate	NOUN
fbem-11827	105	27	appreciation	appreciation	NOUN
fbem-11827	105	28	.	.	PUNCT
fbem-11827	106	1	economic	economic	ADJ
fbem-11827	106	2	review	review	PROPN
fbem-11827	106	3	,	,	PUNCT
fbem-11827	106	4	01	01	NUM
fbem-11827	106	5	:	:	PUNCT
fbem-11827	106	6	145	145	NUM
fbem-11827	106	7	-	-	SYM
fbem-11827	106	8	148	148	NUM
fbem-11827	106	9	.	.	PUNCT
fbem-11827	107	1	[	[	X
fbem-11827	107	2	2	2	NUM
fbem-11827	107	3	]	]	X
fbem-11827	107	4	sun	sun	NOUN
fbem-11827	107	5	,	,	PUNCT
fbem-11827	107	6	g.	g.	PROPN
fbem-11827	107	7	,	,	PUNCT
fbem-11827	107	8	deng	deng	PROPN
fbem-11827	107	9	,	,	PUNCT
fbem-11827	107	10	l.	l.	PROPN
fbem-11827	107	11	,	,	PUNCT
fbem-11827	107	12	(	(	PUNCT
fbem-11827	107	13	2005	2005	NUM
fbem-11827	107	14	)	)	PUNCT
fbem-11827	107	15	judging	judge	VERB
fbem-11827	107	16	the	the	DET
fbem-11827	107	17	rationality	rationality	NOUN
fbem-11827	107	18	of	of	ADP
fbem-11827	107	19	the	the	DET
fbem-11827	107	20	rmb	rmb	PROPN
fbem-11827	107	21	exchange	exchange	NOUN
fbem-11827	107	22	rate	rate	NOUN
fbem-11827	107	23	—	—	PUNCT
fbem-11827	107	24	an	an	DET
fbem-11827	107	25	empirical	empirical	ADJ
fbem-11827	107	26	analysis	analysis	NOUN
fbem-11827	107	27	of	of	ADP
fbem-11827	107	28	the	the	DET
fbem-11827	107	29	purchasing	purchase	VERB
fbem-11827	107	30	power	power	NOUN
fbem-11827	107	31	parity	parity	NOUN
fbem-11827	107	32	of	of	ADP
fbem-11827	107	33	rmb	rmb	NOUN
fbem-11827	107	34	using	use	VERB
fbem-11827	107	35	the	the	DET
fbem-11827	107	36	unit	unit	NOUN
fbem-11827	107	37	root	root	NOUN
fbem-11827	107	38	of	of	ADP
fbem-11827	107	39	parallel	parallel	ADJ
fbem-11827	107	40	data	datum	NOUN
fbem-11827	107	41	.	.	PUNCT
fbem-11827	108	1	research	research	NOUN
fbem-11827	108	2	on	on	ADP
fbem-11827	108	3	financial	financial	ADJ
fbem-11827	108	4	issues	issue	NOUN
fbem-11827	108	5	,	,	PUNCT
fbem-11827	108	6	10	10	NUM
fbem-11827	108	7	:	:	SYM
fbem-11827	108	8	36	36	NUM
fbem-11827	108	9	-	-	SYM
fbem-11827	108	10	44	44	NUM
fbem-11827	108	11	.	.	PUNCT
fbem-11827	109	1	[	[	X
fbem-11827	109	2	3	3	X
fbem-11827	109	3	]	]	X
fbem-11827	109	4	ding	ding	PROPN
fbem-11827	109	5	j.	j.	PROPN
fbem-11827	109	6	,	,	PUNCT
fbem-11827	109	7	chen	chen	PROPN
fbem-11827	109	8	w.	w.	PROPN
fbem-11827	109	9	(	(	PUNCT
fbem-11827	109	10	2010	2010	NUM
fbem-11827	109	11	)	)	PUNCT
fbem-11827	109	12	the	the	DET
fbem-11827	109	13	characteristics	characteristic	NOUN
fbem-11827	109	14	of	of	ADP
fbem-11827	109	15	non	non	ADJ
fbem-11827	109	16	-	-	ADJ
fbem-11827	109	17	linear	linear	ADJ
fbem-11827	109	18	exchange	exchange	NOUN
fbem-11827	109	19	rate	rate	NOUN
fbem-11827	109	20	factors	factor	NOUN
fbem-11827	109	21	in	in	ADP
fbem-11827	109	22	some	some	DET
fbem-11827	109	23	asian	asian	ADJ
fbem-11827	109	24	currency	currency	NOUN
fbem-11827	109	25	exchange	exchange	NOUN
fbem-11827	109	26	rates	rate	NOUN
fbem-11827	109	27	—	—	PUNCT
fbem-11827	109	28	a	a	DET
fbem-11827	109	29	new	new	ADJ
fbem-11827	109	30	method	method	NOUN
fbem-11827	109	31	for	for	ADP
fbem-11827	109	32	testing	test	VERB
fbem-11827	109	33	the	the	DET
fbem-11827	109	34	theory	theory	NOUN
fbem-11827	109	35	of	of	ADP
fbem-11827	109	36	purchasing	purchase	VERB
fbem-11827	109	37	power	power	NOUN
fbem-11827	109	38	parity	parity	NOUN
fbem-11827	109	39	.	.	PUNCT
fbem-11827	110	1	research	research	NOUN
fbem-11827	110	2	in	in	ADP
fbem-11827	110	3	finance	finance	NOUN
fbem-11827	110	4	and	and	CCONJ
fbem-11827	110	5	economics	economic	NOUN
fbem-11827	110	6	,	,	PUNCT
fbem-11827	110	7	02	02	NUM
fbem-11827	110	8	:	:	PUNCT
fbem-11827	110	9	4	4	NUM
fbem-11827	110	10	-	-	SYM
fbem-11827	110	11	14	14	NUM
fbem-11827	110	12	.	.	PUNCT
fbem-11827	111	1	[	[	X
fbem-11827	111	2	4	4	X
fbem-11827	111	3	]	]	X
fbem-11827	111	4	li	li	PROPN
fbem-11827	111	5	z.	z.	PROPN
fbem-11827	111	6	(	(	PUNCT
fbem-11827	111	7	2010	2010	NUM
fbem-11827	111	8	)	)	PUNCT
fbem-11827	111	9	multivariate	multivariate	NOUN
fbem-11827	111	10	johansen	johansen	PROPN
fbem-11827	111	11	cointegration	cointegration	PROPN
fbem-11827	111	12	test	test	NOUN
fbem-11827	111	13	for	for	ADP
fbem-11827	111	14	purchasing	purchase	VERB
fbem-11827	111	15	power	power	NOUN
fbem-11827	111	16	parity	parity	NOUN
fbem-11827	111	17	of	of	ADP
fbem-11827	111	18	rmb	rmb	PROPN
fbem-11827	111	19	exchange	exchange	NOUN
fbem-11827	111	20	rate	rate	NOUN
fbem-11827	111	21	.	.	PUNCT
fbem-11827	112	1	statistics	statistic	NOUN
fbem-11827	112	2	and	and	CCONJ
fbem-11827	112	3	decision	decision	NOUN
fbem-11827	112	4	making	making	NOUN
fbem-11827	112	5	,	,	PUNCT
fbem-11827	112	6	15	15	NUM
fbem-11827	112	7	:	:	SYM
fbem-11827	112	8	142	142	NUM
fbem-11827	112	9	-	-	SYM
fbem-11827	112	10	144	144	NUM
fbem-11827	112	11	.	.	PUNCT
fbem-11827	113	1	[	[	X
fbem-11827	113	2	5	5	NUM
fbem-11827	113	3	]	]	SYM
fbem-11827	113	4	hu	hu	PROPN
fbem-11827	113	5	y.	y.	PROPN
fbem-11827	113	6	(	(	PUNCT
fbem-11827	113	7	2003	2003	NUM
fbem-11827	113	8	)	)	PUNCT
fbem-11827	113	9	rmb	rmb	PROPN
fbem-11827	113	10	real	real	ADJ
fbem-11827	113	11	exchange	exchange	NOUN
fbem-11827	113	12	rate	rate	NOUN
fbem-11827	113	13	and	and	CCONJ
fbem-11827	113	14	purchasing	purchase	VERB
fbem-11827	113	15	power	power	NOUN
fbem-11827	113	16	parity	parity	NOUN
fbem-11827	113	17	.	.	PUNCT
fbem-11827	114	1	contemporary	contemporary	ADJ
fbem-11827	114	2	finance	finance	PROPN
fbem-11827	114	3	and	and	CCONJ
fbem-11827	114	4	economics	economic	NOUN
fbem-11827	114	5	02	02	NUM
fbem-11827	114	6	:	:	PUNCT
fbem-11827	114	7	40	40	NUM
fbem-11827	114	8	-	-	SYM
fbem-11827	114	9	45	45	NUM
fbem-11827	114	10	.	.	PUNCT
fbem-11827	115	1	[	[	X
fbem-11827	115	2	6	6	NUM
fbem-11827	115	3	]	]	PUNCT
fbem-11827	115	4	qiu	qiu	PROPN
fbem-11827	115	5	d.	d.	PROPN
fbem-11827	115	6	,	,	PUNCT
fbem-11827	115	7	deng	deng	PROPN
fbem-11827	115	8	x	x	PROPN
fbem-11827	115	9	..	..	PUNCT
fbem-11827	115	10	(	(	PUNCT
fbem-11827	115	11	2020	2020	NUM
fbem-11827	115	12	)	)	PUNCT
fbem-11827	115	13	.	.	PUNCT
fbem-11827	115	14	is	be	AUX
fbem-11827	115	15	rmb	rmb	NOUN
fbem-11827	115	16	purchasing	purchasing	NOUN
fbem-11827	115	17	power	power	NOUN
fbem-11827	115	18	parity	parity	NOUN
fbem-11827	115	19	established	establish	VERB
fbem-11827	115	20	?	?	PUNCT
fbem-11827	116	1	—	—	PUNCT
fbem-11827	116	2	a	a	DET
fbem-11827	116	3	multi	multi	ADJ
fbem-11827	116	4	-	-	ADJ
fbem-11827	116	5	sample	sample	ADJ
fbem-11827	116	6	cointegration	cointegration	NOUN
fbem-11827	116	7	analysis	analysis	NOUN
fbem-11827	116	8	based	base	VERB
fbem-11827	116	9	on	on	ADP
fbem-11827	116	10	rmb	rmb	PROPN
fbem-11827	116	11	euro	euro	PROPN
fbem-11827	116	12	.	.	PUNCT
fbem-11827	117	1	financial	financial	ADJ
fbem-11827	117	2	theory	theory	NOUN
fbem-11827	117	3	and	and	CCONJ
fbem-11827	117	4	practice	practice	NOUN
fbem-11827	117	5	,	,	PUNCT
fbem-11827	117	6	04	04	NUM
fbem-11827	117	7	:	:	PUNCT
fbem-11827	117	8	41	41	NUM
fbem-11827	117	9	-	-	SYM
fbem-11827	117	10	51	51	NUM
fbem-11827	117	11	.	.	PUNCT
fbem-11827	118	1	[	[	X
fbem-11827	118	2	7	7	X
fbem-11827	118	3	]	]	X
fbem-11827	118	4	liu	liu	PROPN
fbem-11827	118	5	q.	q.	PROPN
fbem-11827	118	6	(	(	PUNCT
fbem-11827	118	7	2013	2013	NUM
fbem-11827	118	8	)	)	PUNCT
fbem-11827	118	9	.	.	PUNCT
fbem-11827	119	1	nonlinear	nonlinear	ADJ
fbem-11827	119	2	adjustment	adjustment	NOUN
fbem-11827	119	3	of	of	ADP
fbem-11827	119	4	rmb	rmb	PROPN
fbem-11827	119	5	real	real	ADJ
fbem-11827	119	6	exchange	exchange	NOUN
fbem-11827	119	7	rate	rate	NOUN
fbem-11827	119	8	based	base	VERB
fbem-11827	119	9	on	on	ADP
fbem-11827	119	10	star	star	PROPN
fbem-11827	119	11	model	model	PROPN
fbem-11827	119	12	——	——	PROPN
fbem-11827	119	13	comment	comment	NOUN
fbem-11827	119	14	on	on	ADP
fbem-11827	119	15	the	the	DET
fbem-11827	119	16	purchasing	purchase	VERB
fbem-11827	119	17	power	power	NOUN
fbem-11827	119	18	parity	parity	NOUN
fbem-11827	119	19	test	test	NOUN
fbem-11827	119	20	method	method	NOUN
fbem-11827	119	21	.	.	PUNCT
fbem-11827	120	1	macroeconomic	macroeconomic	ADJ
fbem-11827	120	2	research	research	NOUN
fbem-11827	120	3	,	,	PUNCT
fbem-11827	120	4	12	12	NUM
fbem-11827	120	5	:	:	SYM
fbem-11827	120	6	121129	121129	NUM
fbem-11827	120	7	.	.	PUNCT