id	sid	tid	token	lemma	pos
fbem-27655	1	1	frontiers	frontier	NOUN
fbem-27655	1	2	in	in	ADP
fbem-27655	1	3	business	business	NOUN
fbem-27655	1	4	,	,	PUNCT
fbem-27655	1	5	economics	economic	NOUN
fbem-27655	1	6	and	and	CCONJ
fbem-27655	1	7	management	management	NOUN
fbem-27655	1	8	issn	issn	PROPN
fbem-27655	1	9	:	:	PUNCT
fbem-27655	1	10	2766	2766	NUM
fbem-27655	1	11	-	-	PUNCT
fbem-27655	1	12	824x	824x	NUM
fbem-27655	1	13	|	|	ADJ
fbem-27655	1	14	vol	vol	NOUN
fbem-27655	1	15	.	.	PROPN
fbem-27655	1	16	17	17	NUM
fbem-27655	1	17	,	,	PUNCT
fbem-27655	1	18	no	no	INTJ
fbem-27655	1	19	.	.	NOUN
fbem-27655	1	20	2	2	NUM
fbem-27655	1	21	,	,	PUNCT
fbem-27655	1	22	2024	2024	NUM
fbem-27655	1	23	142	142	NUM
fbem-27655	1	24	global	global	ADJ
fbem-27655	1	25	transmission	transmission	NOUN
fbem-27655	1	26	shocks	shock	NOUN
fbem-27655	1	27	of	of	ADP
fbem-27655	1	28	u.s	u.s	PROPN
fbem-27655	1	29	.	.	PROPN
fbem-27655	1	30	monetary	monetary	ADJ
fbem-27655	1	31	policy	policy	NOUN
fbem-27655	1	32	on	on	ADP
fbem-27655	1	33	china	china	PROPN
fbem-27655	1	34	's	's	PART
fbem-27655	1	35	housing	housing	NOUN
fbem-27655	1	36	prices	price	NOUN
fbem-27655	1	37	shihan	shihan	PROPN
fbem-27655	1	38	xu	xu	PROPN
fbem-27655	2	1	gabelli	gabelli	PROPN
fbem-27655	2	2	school	school	PROPN
fbem-27655	2	3	of	of	ADP
fbem-27655	2	4	business	business	NOUN
fbem-27655	2	5	,	,	PUNCT
fbem-27655	2	6	fordham	fordham	PROPN
fbem-27655	2	7	university	university	PROPN
fbem-27655	2	8	,	,	PUNCT
fbem-27655	2	9	new	new	PROPN
fbem-27655	2	10	york	york	PROPN
fbem-27655	2	11	,	,	PUNCT
fbem-27655	2	12	ny	ny	PROPN
fbem-27655	2	13	10023	10023	NUM
fbem-27655	2	14	,	,	PUNCT
fbem-27655	2	15	us	we	PRON
fbem-27655	2	16	kessyxu@outlook.com	kessyxu@outlook.com	X
fbem-27655	3	1	abstract	abstract	ADJ
fbem-27655	3	2	:	:	PUNCT
fbem-27655	3	3	the	the	DET
fbem-27655	3	4	paper	paper	NOUN
fbem-27655	3	5	demonstrates	demonstrate	VERB
fbem-27655	3	6	that	that	SCONJ
fbem-27655	3	7	the	the	DET
fbem-27655	3	8	monetary	monetary	ADJ
fbem-27655	3	9	policy	policy	NOUN
fbem-27655	3	10	of	of	ADP
fbem-27655	3	11	the	the	DET
fbem-27655	3	12	united	united	PROPN
fbem-27655	3	13	states	states	PROPN
fbem-27655	3	14	has	have	VERB
fbem-27655	3	15	important	important	ADJ
fbem-27655	3	16	spillover	spillover	NOUN
fbem-27655	3	17	effects	effect	NOUN
fbem-27655	3	18	to	to	ADP
fbem-27655	3	19	china	china	PROPN
fbem-27655	3	20	.	.	PUNCT
fbem-27655	4	1	based	base	VERB
fbem-27655	4	2	on	on	ADP
fbem-27655	4	3	the	the	DET
fbem-27655	4	4	monthly	monthly	ADJ
fbem-27655	4	5	data	datum	NOUN
fbem-27655	4	6	from	from	ADP
fbem-27655	4	7	january	january	PROPN
fbem-27655	4	8	2016	2016	NUM
fbem-27655	4	9	to	to	ADP
fbem-27655	4	10	april	april	PROPN
fbem-27655	4	11	2024	2024	NUM
fbem-27655	4	12	,	,	PUNCT
fbem-27655	4	13	this	this	DET
fbem-27655	4	14	paper	paper	NOUN
fbem-27655	4	15	establishes	establish	VERB
fbem-27655	4	16	a	a	DET
fbem-27655	4	17	var	var	NOUN
fbem-27655	4	18	model	model	NOUN
fbem-27655	4	19	to	to	PART
fbem-27655	4	20	analyze	analyze	VERB
fbem-27655	4	21	the	the	DET
fbem-27655	4	22	influence	influence	NOUN
fbem-27655	4	23	of	of	ADP
fbem-27655	4	24	u.s	u.s	PROPN
fbem-27655	4	25	.	.	PROPN
fbem-27655	4	26	monetary	monetary	ADJ
fbem-27655	4	27	policy	policy	NOUN
fbem-27655	4	28	on	on	ADP
fbem-27655	4	29	china	china	PROPN
fbem-27655	4	30	's	's	PART
fbem-27655	4	31	real	real	ADJ
fbem-27655	4	32	estate	estate	NOUN
fbem-27655	4	33	prices	price	NOUN
fbem-27655	4	34	and	and	CCONJ
fbem-27655	4	35	its	its	PRON
fbem-27655	4	36	transmission	transmission	NOUN
fbem-27655	4	37	channels	channel	NOUN
fbem-27655	4	38	,	,	PUNCT
fbem-27655	4	39	including	include	VERB
fbem-27655	4	40	interest	interest	NOUN
fbem-27655	4	41	rate	rate	NOUN
fbem-27655	4	42	,	,	PUNCT
fbem-27655	4	43	exchange	exchange	NOUN
fbem-27655	4	44	rate	rate	NOUN
fbem-27655	4	45	,	,	PUNCT
fbem-27655	4	46	consumer	consumer	NOUN
fbem-27655	4	47	confidence	confidence	NOUN
fbem-27655	4	48	,	,	PUNCT
fbem-27655	4	49	and	and	CCONJ
fbem-27655	4	50	asset	asset	NOUN
fbem-27655	4	51	price	price	NOUN
fbem-27655	4	52	.	.	PUNCT
fbem-27655	5	1	the	the	DET
fbem-27655	5	2	results	result	NOUN
fbem-27655	5	3	show	show	VERB
fbem-27655	5	4	that	that	SCONJ
fbem-27655	5	5	the	the	DET
fbem-27655	5	6	impact	impact	NOUN
fbem-27655	5	7	of	of	ADP
fbem-27655	5	8	the	the	DET
fbem-27655	5	9	federal	federal	ADJ
fbem-27655	5	10	funds	fund	NOUN
fbem-27655	5	11	effective	effective	ADJ
fbem-27655	5	12	rate	rate	NOUN
fbem-27655	5	13	on	on	ADP
fbem-27655	5	14	housing	housing	NOUN
fbem-27655	5	15	prices	price	NOUN
fbem-27655	5	16	is	be	AUX
fbem-27655	5	17	very	very	ADV
fbem-27655	5	18	quick	quick	ADJ
fbem-27655	5	19	,	,	PUNCT
fbem-27655	5	20	reaching	reach	VERB
fbem-27655	5	21	a	a	DET
fbem-27655	5	22	maximum	maximum	NOUN
fbem-27655	5	23	in	in	ADP
fbem-27655	5	24	the	the	DET
fbem-27655	5	25	first	first	ADJ
fbem-27655	5	26	month	month	NOUN
fbem-27655	5	27	and	and	CCONJ
fbem-27655	5	28	continuing	continue	VERB
fbem-27655	5	29	to	to	PART
fbem-27655	5	30	have	have	VERB
fbem-27655	5	31	a	a	DET
fbem-27655	5	32	positive	positive	ADJ
fbem-27655	5	33	impact	impact	NOUN
fbem-27655	5	34	over	over	ADP
fbem-27655	5	35	the	the	DET
fbem-27655	5	36	long	long	ADJ
fbem-27655	5	37	term	term	NOUN
fbem-27655	5	38	.	.	PUNCT
fbem-27655	6	1	the	the	DET
fbem-27655	6	2	federal	federal	ADJ
fbem-27655	6	3	funds	fund	NOUN
fbem-27655	6	4	effective	effective	ADJ
fbem-27655	6	5	rate	rate	NOUN
fbem-27655	6	6	and	and	CCONJ
fbem-27655	6	7	china	china	PROPN
fbem-27655	6	8	's	's	PART
fbem-27655	6	9	loan	loan	NOUN
fbem-27655	6	10	prime	prime	NOUN
fbem-27655	6	11	rate	rate	NOUN
fbem-27655	6	12	have	have	VERB
fbem-27655	6	13	a	a	DET
fbem-27655	6	14	positive	positive	ADJ
fbem-27655	6	15	impact	impact	NOUN
fbem-27655	6	16	on	on	ADP
fbem-27655	6	17	housing	housing	NOUN
fbem-27655	6	18	prices	price	NOUN
fbem-27655	6	19	in	in	ADP
fbem-27655	6	20	the	the	DET
fbem-27655	6	21	early	early	ADJ
fbem-27655	6	22	stage	stage	NOUN
fbem-27655	6	23	,	,	PUNCT
fbem-27655	6	24	but	but	CCONJ
fbem-27655	6	25	then	then	ADV
fbem-27655	6	26	there	there	PRON
fbem-27655	6	27	is	be	VERB
fbem-27655	6	28	a	a	DET
fbem-27655	6	29	change	change	NOUN
fbem-27655	6	30	in	in	ADP
fbem-27655	6	31	impact	impact	NOUN
fbem-27655	6	32	direction	direction	NOUN
fbem-27655	6	33	.	.	PUNCT
fbem-27655	7	1	the	the	DET
fbem-27655	7	2	exchange	exchange	NOUN
fbem-27655	7	3	rate	rate	NOUN
fbem-27655	7	4	,	,	PUNCT
fbem-27655	7	5	consumer	consumer	NOUN
fbem-27655	7	6	confidence	confidence	NOUN
fbem-27655	7	7	index	index	NOUN
fbem-27655	7	8	and	and	CCONJ
fbem-27655	7	9	csi	csi	X
fbem-27655	7	10	300	300	NUM
fbem-27655	7	11	index	index	NOUN
fbem-27655	7	12	all	all	PRON
fbem-27655	7	13	had	have	VERB
fbem-27655	7	14	positive	positive	ADJ
fbem-27655	7	15	spillover	spillover	NOUN
fbem-27655	7	16	effects	effect	NOUN
fbem-27655	7	17	on	on	ADP
fbem-27655	7	18	housing	housing	NOUN
fbem-27655	7	19	prices	price	NOUN
fbem-27655	7	20	in	in	ADP
fbem-27655	7	21	the	the	DET
fbem-27655	7	22	early	early	ADJ
fbem-27655	7	23	days	day	NOUN
fbem-27655	7	24	.	.	PUNCT
fbem-27655	8	1	the	the	DET
fbem-27655	8	2	variance	variance	NOUN
fbem-27655	8	3	decomposition	decomposition	NOUN
fbem-27655	8	4	analysis	analysis	NOUN
fbem-27655	8	5	shows	show	VERB
fbem-27655	8	6	that	that	SCONJ
fbem-27655	8	7	the	the	DET
fbem-27655	8	8	exchange	exchange	NOUN
fbem-27655	8	9	rate	rate	NOUN
fbem-27655	8	10	channel	channel	NOUN
fbem-27655	8	11	plays	play	VERB
fbem-27655	8	12	the	the	DET
fbem-27655	8	13	most	most	ADV
fbem-27655	8	14	significant	significant	ADJ
fbem-27655	8	15	role	role	NOUN
fbem-27655	8	16	in	in	ADP
fbem-27655	8	17	causing	cause	VERB
fbem-27655	8	18	china	china	PROPN
fbem-27655	8	19	’s	’s	PART
fbem-27655	8	20	real	real	ADJ
fbem-27655	8	21	estate	estate	NOUN
fbem-27655	8	22	price	price	NOUN
fbem-27655	8	23	fluctuations	fluctuation	NOUN
fbem-27655	8	24	.	.	PUNCT
fbem-27655	9	1	keywords	keyword	NOUN
fbem-27655	9	2	:	:	PUNCT
fbem-27655	9	3	monetary	monetary	ADJ
fbem-27655	9	4	policy	policy	NOUN
fbem-27655	9	5	,	,	PUNCT
fbem-27655	9	6	transmission	transmission	NOUN
fbem-27655	9	7	channels	channel	NOUN
fbem-27655	9	8	,	,	PUNCT
fbem-27655	9	9	housing	housing	NOUN
fbem-27655	9	10	prices	price	NOUN
fbem-27655	9	11	,	,	PUNCT
fbem-27655	9	12	u.s	u.s	PROPN
fbem-27655	9	13	.	.	PROPN
fbem-27655	9	14	,	,	PUNCT
fbem-27655	9	15	china	china	PROPN
fbem-27655	9	16	.	.	PUNCT
fbem-27655	10	1	1	1	X
fbem-27655	10	2	.	.	X
fbem-27655	10	3	introduction	introduction	NOUN
fbem-27655	10	4	in	in	ADP
fbem-27655	10	5	the	the	DET
fbem-27655	10	6	globalized	globalize	VERB
fbem-27655	10	7	economic	economic	ADJ
fbem-27655	10	8	system	system	NOUN
fbem-27655	10	9	,	,	PUNCT
fbem-27655	10	10	with	with	ADP
fbem-27655	10	11	united	united	PROPN
fbem-27655	10	12	states	states	PROPN
fbem-27655	10	13	being	be	AUX
fbem-27655	10	14	one	one	NUM
fbem-27655	10	15	of	of	ADP
fbem-27655	10	16	the	the	DET
fbem-27655	10	17	world	world	NOUN
fbem-27655	10	18	's	's	PART
fbem-27655	10	19	largest	large	ADJ
fbem-27655	10	20	economies	economy	NOUN
fbem-27655	10	21	,	,	PUNCT
fbem-27655	10	22	as	as	ADV
fbem-27655	10	23	well	well	ADV
fbem-27655	10	24	as	as	ADP
fbem-27655	10	25	the	the	DET
fbem-27655	10	26	us	us	PROPN
fbem-27655	10	27	dollar	dollar	NOUN
fbem-27655	10	28	being	be	AUX
fbem-27655	10	29	the	the	DET
fbem-27655	10	30	common	common	ADJ
fbem-27655	10	31	currency	currency	NOUN
fbem-27655	10	32	of	of	ADP
fbem-27655	10	33	the	the	DET
fbem-27655	10	34	world	world	NOUN
fbem-27655	10	35	,	,	PUNCT
fbem-27655	10	36	its	its	PRON
fbem-27655	10	37	monetary	monetary	ADJ
fbem-27655	10	38	policy	policy	NOUN
fbem-27655	10	39	changes	change	NOUN
fbem-27655	10	40	have	have	VERB
fbem-27655	10	41	a	a	DET
fbem-27655	10	42	profound	profound	ADJ
fbem-27655	10	43	influence	influence	NOUN
fbem-27655	10	44	on	on	ADP
fbem-27655	10	45	the	the	DET
fbem-27655	10	46	economy	economy	NOUN
fbem-27655	10	47	around	around	ADP
fbem-27655	10	48	the	the	DET
fbem-27655	10	49	world	world	NOUN
fbem-27655	10	50	.	.	PUNCT
fbem-27655	11	1	after	after	ADP
fbem-27655	11	2	the	the	DET
fbem-27655	11	3	pandemic	pandemic	NOUN
fbem-27655	11	4	,	,	PUNCT
fbem-27655	11	5	with	with	ADP
fbem-27655	11	6	rising	rise	VERB
fbem-27655	11	7	energy	energy	NOUN
fbem-27655	11	8	prices	price	NOUN
fbem-27655	11	9	and	and	CCONJ
fbem-27655	11	10	the	the	DET
fbem-27655	11	11	recovery	recovery	NOUN
fbem-27655	11	12	of	of	ADP
fbem-27655	11	13	the	the	DET
fbem-27655	11	14	u.s	u.s	PROPN
fbem-27655	11	15	.	.	PROPN
fbem-27655	11	16	economy	economy	NOUN
fbem-27655	11	17	,	,	PUNCT
fbem-27655	11	18	the	the	DET
fbem-27655	11	19	feds	fed	NOUN
fbem-27655	11	20	began	begin	VERB
fbem-27655	11	21	a	a	DET
fbem-27655	11	22	new	new	ADJ
fbem-27655	11	23	round	round	NOUN
fbem-27655	11	24	of	of	ADP
fbem-27655	11	25	interest	interest	NOUN
fbem-27655	11	26	rate	rate	NOUN
fbem-27655	11	27	hike	hike	NOUN
fbem-27655	11	28	cycle	cycle	NOUN
fbem-27655	11	29	in	in	ADP
fbem-27655	11	30	march	march	PROPN
fbem-27655	11	31	2022	2022	NUM
fbem-27655	11	32	.	.	PUNCT
fbem-27655	12	1	meanwhile	meanwhile	ADV
fbem-27655	12	2	,	,	PUNCT
fbem-27655	12	3	china	china	PROPN
fbem-27655	12	4	's	's	PART
fbem-27655	12	5	real	real	ADJ
fbem-27655	12	6	estate	estate	NOUN
fbem-27655	12	7	has	have	AUX
fbem-27655	12	8	been	be	AUX
fbem-27655	12	9	affected	affect	VERB
fbem-27655	12	10	by	by	ADP
fbem-27655	12	11	the	the	DET
fbem-27655	12	12	external	external	ADJ
fbem-27655	12	13	impact	impact	NOUN
fbem-27655	12	14	of	of	ADP
fbem-27655	12	15	the	the	DET
fbem-27655	12	16	epidemic	epidemic	NOUN
fbem-27655	12	17	and	and	CCONJ
fbem-27655	12	18	domestic	domestic	ADJ
fbem-27655	12	19	policy	policy	NOUN
fbem-27655	12	20	regulation	regulation	NOUN
fbem-27655	12	21	,	,	PUNCT
fbem-27655	12	22	and	and	CCONJ
fbem-27655	12	23	housing	housing	NOUN
fbem-27655	12	24	prices	price	NOUN
fbem-27655	12	25	have	have	AUX
fbem-27655	12	26	been	be	AUX
fbem-27655	12	27	declining	decline	VERB
fbem-27655	12	28	since	since	SCONJ
fbem-27655	12	29	2022	2022	NUM
fbem-27655	12	30	,	,	PUNCT
fbem-27655	12	31	accompanied	accompany	VERB
fbem-27655	12	32	by	by	ADP
fbem-27655	12	33	a	a	DET
fbem-27655	12	34	series	series	NOUN
fbem-27655	12	35	of	of	ADP
fbem-27655	12	36	real	real	ADJ
fbem-27655	12	37	estate	estate	NOUN
fbem-27655	12	38	crash	crash	NOUN
fbem-27655	12	39	.	.	PUNCT
fbem-27655	13	1	have	have	AUX
fbem-27655	13	2	the	the	DET
fbem-27655	13	3	fed	fed	PROPN
fbem-27655	13	4	's	's	PART
fbem-27655	13	5	interest	interest	NOUN
fbem-27655	13	6	rate	rate	NOUN
fbem-27655	13	7	hikes	hike	NOUN
fbem-27655	13	8	had	have	VERB
fbem-27655	13	9	negative	negative	ADJ
fbem-27655	13	10	effects	effect	NOUN
fbem-27655	13	11	on	on	ADP
fbem-27655	13	12	real	real	ADJ
fbem-27655	13	13	estate	estate	NOUN
fbem-27655	13	14	?	?	PUNCT
fbem-27655	14	1	how	how	SCONJ
fbem-27655	14	2	do	do	AUX
fbem-27655	14	3	these	these	DET
fbem-27655	14	4	influences	influence	NOUN
fbem-27655	14	5	affect	affect	VERB
fbem-27655	14	6	real	real	ADJ
fbem-27655	14	7	estate	estate	NOUN
fbem-27655	14	8	asset	asset	NOUN
fbem-27655	14	9	prices	price	NOUN
fbem-27655	14	10	in	in	ADP
fbem-27655	14	11	china	china	PROPN
fbem-27655	14	12	?	?	PUNCT
fbem-27655	15	1	as	as	ADP
fbem-27655	15	2	an	an	DET
fbem-27655	15	3	important	important	ADJ
fbem-27655	15	4	part	part	NOUN
fbem-27655	15	5	of	of	ADP
fbem-27655	15	6	the	the	DET
fbem-27655	15	7	national	national	ADJ
fbem-27655	15	8	economy	economy	NOUN
fbem-27655	15	9	,	,	PUNCT
fbem-27655	15	10	the	the	DET
fbem-27655	15	11	sustainable	sustainable	ADJ
fbem-27655	15	12	and	and	CCONJ
fbem-27655	15	13	healthy	healthy	ADJ
fbem-27655	15	14	development	development	NOUN
fbem-27655	15	15	of	of	ADP
fbem-27655	15	16	china	china	PROPN
fbem-27655	15	17	's	's	PART
fbem-27655	15	18	real	real	ADJ
fbem-27655	15	19	estate	estate	NOUN
fbem-27655	15	20	market	market	NOUN
fbem-27655	15	21	is	be	AUX
fbem-27655	15	22	of	of	ADP
fbem-27655	15	23	great	great	ADJ
fbem-27655	15	24	importance	importance	NOUN
fbem-27655	15	25	to	to	ADP
fbem-27655	15	26	promoting	promote	VERB
fbem-27655	15	27	the	the	DET
fbem-27655	15	28	healthy	healthy	ADJ
fbem-27655	15	29	and	and	CCONJ
fbem-27655	15	30	sustained	sustained	ADJ
fbem-27655	15	31	development	development	NOUN
fbem-27655	15	32	of	of	ADP
fbem-27655	15	33	china	china	PROPN
fbem-27655	15	34	's	's	PART
fbem-27655	15	35	economy	economy	NOUN
fbem-27655	15	36	.	.	PUNCT
fbem-27655	16	1	analyzing	analyze	VERB
fbem-27655	16	2	the	the	DET
fbem-27655	16	3	potential	potential	ADJ
fbem-27655	16	4	influence	influence	NOUN
fbem-27655	16	5	of	of	ADP
fbem-27655	16	6	the	the	DET
fbem-27655	16	7	u.s	u.s	PROPN
fbem-27655	16	8	.	.	PROPN
fbem-27655	16	9	monetary	monetary	ADJ
fbem-27655	16	10	policy	policy	NOUN
fbem-27655	16	11	on	on	ADP
fbem-27655	16	12	china	china	PROPN
fbem-27655	16	13	's	's	PART
fbem-27655	16	14	real	real	ADJ
fbem-27655	16	15	estate	estate	NOUN
fbem-27655	16	16	market	market	NOUN
fbem-27655	16	17	will	will	AUX
fbem-27655	16	18	help	help	VERB
fbem-27655	16	19	the	the	DET
fbem-27655	16	20	government	government	NOUN
fbem-27655	16	21	and	and	CCONJ
fbem-27655	16	22	market	market	NOUN
fbem-27655	16	23	players	player	NOUN
fbem-27655	16	24	formulate	formulate	VERB
fbem-27655	16	25	more	more	ADV
fbem-27655	16	26	effective	effective	ADJ
fbem-27655	16	27	countermeasures	countermeasure	NOUN
fbem-27655	16	28	to	to	PART
fbem-27655	16	29	ensure	ensure	VERB
fbem-27655	16	30	the	the	DET
fbem-27655	16	31	stability	stability	NOUN
fbem-27655	16	32	of	of	ADP
fbem-27655	16	33	the	the	DET
fbem-27655	16	34	real	real	ADJ
fbem-27655	16	35	estate	estate	NOUN
fbem-27655	16	36	market	market	NOUN
fbem-27655	16	37	.	.	PUNCT
fbem-27655	17	1	for	for	ADP
fbem-27655	17	2	investors	investor	NOUN
fbem-27655	17	3	,	,	PUNCT
fbem-27655	17	4	understanding	understand	VERB
fbem-27655	17	5	the	the	DET
fbem-27655	17	6	changes	change	NOUN
fbem-27655	17	7	in	in	ADP
fbem-27655	17	8	the	the	DET
fbem-27655	17	9	real	real	ADJ
fbem-27655	17	10	estate	estate	NOUN
fbem-27655	17	11	market	market	NOUN
fbem-27655	17	12	in	in	ADP
fbem-27655	17	13	different	different	ADJ
fbem-27655	17	14	economic	economic	ADJ
fbem-27655	17	15	environments	environment	NOUN
fbem-27655	17	16	has	have	VERB
fbem-27655	17	17	a	a	DET
fbem-27655	17	18	significant	significant	ADJ
fbem-27655	17	19	impact	impact	NOUN
fbem-27655	17	20	on	on	ADP
fbem-27655	17	21	investment	investment	NOUN
fbem-27655	17	22	decisions	decision	NOUN
fbem-27655	17	23	.	.	PUNCT
fbem-27655	18	1	this	this	DET
fbem-27655	18	2	paper	paper	NOUN
fbem-27655	18	3	explores	explore	VERB
fbem-27655	18	4	the	the	DET
fbem-27655	18	5	transmission	transmission	NOUN
fbem-27655	18	6	channels	channel	NOUN
fbem-27655	18	7	of	of	ADP
fbem-27655	18	8	the	the	DET
fbem-27655	18	9	impact	impact	NOUN
fbem-27655	18	10	of	of	ADP
fbem-27655	18	11	u.s	u.s	PROPN
fbem-27655	18	12	.	.	PROPN
fbem-27655	18	13	monetary	monetary	ADJ
fbem-27655	18	14	policy	policy	NOUN
fbem-27655	18	15	shocks	shock	NOUN
fbem-27655	18	16	on	on	ADP
fbem-27655	18	17	china	china	PROPN
fbem-27655	18	18	's	's	PART
fbem-27655	18	19	housing	housing	NOUN
fbem-27655	18	20	prices	price	NOUN
fbem-27655	18	21	,	,	PUNCT
fbem-27655	18	22	which	which	PRON
fbem-27655	18	23	is	be	AUX
fbem-27655	18	24	helpful	helpful	ADJ
fbem-27655	18	25	for	for	ADP
fbem-27655	18	26	understanding	understand	VERB
fbem-27655	18	27	the	the	DET
fbem-27655	18	28	mechanism	mechanism	NOUN
fbem-27655	18	29	of	of	ADP
fbem-27655	18	30	international	international	ADJ
fbem-27655	18	31	economic	economic	ADJ
fbem-27655	18	32	fluctuations	fluctuation	NOUN
fbem-27655	18	33	on	on	ADP
fbem-27655	18	34	china	china	PROPN
fbem-27655	18	35	's	's	PART
fbem-27655	18	36	macroeconomy	macroeconomy	NOUN
fbem-27655	18	37	and	and	CCONJ
fbem-27655	18	38	industry	industry	NOUN
fbem-27655	18	39	market	market	NOUN
fbem-27655	18	40	.	.	PUNCT
fbem-27655	19	1	2	2	X
fbem-27655	19	2	.	.	X
fbem-27655	19	3	literature	literature	PROPN
fbem-27655	19	4	review	review	PROPN
fbem-27655	19	5	u.s	u.s	PROPN
fbem-27655	19	6	.	.	PROPN
fbem-27655	19	7	monetary	monetary	ADJ
fbem-27655	19	8	policy	policy	NOUN
fbem-27655	19	9	undoubtedly	undoubtedly	ADV
fbem-27655	19	10	has	have	VERB
fbem-27655	19	11	side	side	ADJ
fbem-27655	19	12	effects	effect	NOUN
fbem-27655	19	13	on	on	ADP
fbem-27655	19	14	other	other	ADJ
fbem-27655	19	15	economies	economy	NOUN
fbem-27655	19	16	.	.	PUNCT
fbem-27655	20	1	liu	liu	PROPN
fbem-27655	20	2	mingming	mingming	PROPN
fbem-27655	20	3	analyzes	analyze	VERB
fbem-27655	20	4	several	several	ADJ
fbem-27655	20	5	representative	representative	ADJ
fbem-27655	20	6	transmission	transmission	NOUN
fbem-27655	20	7	channels	channel	NOUN
fbem-27655	20	8	of	of	ADP
fbem-27655	20	9	u.s	u.s	PROPN
fbem-27655	20	10	.	.	PROPN
fbem-27655	20	11	monetary	monetary	ADJ
fbem-27655	20	12	policy	policy	NOUN
fbem-27655	20	13	adjustment	adjustment	NOUN
fbem-27655	20	14	affecting	affect	VERB
fbem-27655	20	15	china	china	PROPN
fbem-27655	20	16	's	's	PART
fbem-27655	20	17	stock	stock	NOUN
fbem-27655	20	18	market	market	NOUN
fbem-27655	20	19	,	,	PUNCT
fbem-27655	20	20	including	include	VERB
fbem-27655	20	21	exchange	exchange	NOUN
fbem-27655	20	22	rate	rate	NOUN
fbem-27655	20	23	,	,	PUNCT
fbem-27655	20	24	interest	interest	NOUN
fbem-27655	20	25	rate	rate	NOUN
fbem-27655	20	26	,	,	PUNCT
fbem-27655	20	27	short	short	ADJ
fbem-27655	20	28	-	-	PUNCT
fbem-27655	20	29	term	term	NOUN
fbem-27655	20	30	capital	capital	NOUN
fbem-27655	20	31	flow	flow	NOUN
fbem-27655	20	32	,	,	PUNCT
fbem-27655	20	33	and	and	CCONJ
fbem-27655	20	34	consumer	consumer	NOUN
fbem-27655	20	35	expectation	expectation	NOUN
fbem-27655	20	36	,	,	PUNCT
fbem-27655	20	37	and	and	CCONJ
fbem-27655	20	38	the	the	DET
fbem-27655	20	39	significance	significance	NOUN
fbem-27655	20	40	of	of	ADP
fbem-27655	20	41	each	each	DET
fbem-27655	20	42	channel	channel	NOUN
fbem-27655	20	43	,	,	PUNCT
fbem-27655	20	44	which	which	PRON
fbem-27655	20	45	provides	provide	VERB
fbem-27655	20	46	important	important	ADJ
fbem-27655	20	47	guidance	guidance	NOUN
fbem-27655	20	48	for	for	ADP
fbem-27655	20	49	this	this	DET
fbem-27655	20	50	paper	paper	NOUN
fbem-27655	21	1	[	[	X
fbem-27655	21	2	1	1	NUM
fbem-27655	21	3	]	]	PUNCT
fbem-27655	21	4	.	.	PUNCT
fbem-27655	22	1	wang	wang	PROPN
fbem-27655	22	2	jiong	jiong	PROPN
fbem-27655	22	3	studies	studies	PROPN
fbem-27655	22	4	short	short	ADJ
fbem-27655	22	5	-	-	PUNCT
fbem-27655	22	6	term	term	NOUN
fbem-27655	22	7	cross	cross	ADJ
fbem-27655	22	8	-	-	ADJ
fbem-27655	22	9	border	border	ADJ
fbem-27655	22	10	capital	capital	NOUN
fbem-27655	22	11	flows	flow	NOUN
fbem-27655	22	12	in	in	ADP
fbem-27655	22	13	china	china	PROPN
fbem-27655	22	14	in	in	ADP
fbem-27655	22	15	the	the	DET
fbem-27655	22	16	context	context	NOUN
fbem-27655	22	17	of	of	ADP
fbem-27655	22	18	the	the	DET
fbem-27655	22	19	fed	fed	PROPN
fbem-27655	22	20	's	's	PART
fbem-27655	22	21	new	new	ADJ
fbem-27655	22	22	round	round	NOUN
fbem-27655	22	23	of	of	ADP
fbem-27655	22	24	interest	interest	NOUN
fbem-27655	22	25	rate	rate	NOUN
fbem-27655	22	26	hikes	hike	NOUN
fbem-27655	22	27	in	in	ADP
fbem-27655	22	28	2022	2022	NUM
fbem-27655	22	29	,	,	PUNCT
fbem-27655	22	30	and	and	CCONJ
fbem-27655	22	31	found	find	VERB
fbem-27655	22	32	that	that	SCONJ
fbem-27655	22	33	except	except	SCONJ
fbem-27655	22	34	for	for	ADP
fbem-27655	22	35	the	the	DET
fbem-27655	22	36	very	very	ADJ
fbem-27655	22	37	beginning	beginning	NOUN
fbem-27655	22	38	when	when	SCONJ
fbem-27655	22	39	china	china	PROPN
fbem-27655	22	40	joined	join	VERB
fbem-27655	22	41	the	the	DET
fbem-27655	22	42	wto	wto	PROPN
fbem-27655	22	43	and	and	CCONJ
fbem-27655	22	44	the	the	DET
fbem-27655	22	45	years	year	NOUN
fbem-27655	22	46	before	before	ADP
fbem-27655	22	47	and	and	CCONJ
fbem-27655	22	48	after	after	ADP
fbem-27655	22	49	china	china	PROPN
fbem-27655	22	50	's	's	PART
fbem-27655	22	51	interest	interest	NOUN
fbem-27655	22	52	rate	rate	NOUN
fbem-27655	22	53	hike	hike	NOUN
fbem-27655	22	54	from	from	ADP
fbem-27655	22	55	2010	2010	NUM
fbem-27655	22	56	to	to	ADP
fbem-27655	22	57	2011	2011	NUM
fbem-27655	22	58	,	,	PUNCT
fbem-27655	22	59	interest	interest	NOUN
fbem-27655	22	60	rate	rate	NOUN
fbem-27655	22	61	differentials	differential	NOUN
fbem-27655	22	62	react	react	VERB
fbem-27655	22	63	positively	positively	ADV
fbem-27655	22	64	to	to	ADP
fbem-27655	22	65	short	short	ADJ
fbem-27655	22	66	-	-	PUNCT
fbem-27655	22	67	term	term	NOUN
fbem-27655	22	68	cross	cross	ADJ
fbem-27655	22	69	-	-	ADJ
fbem-27655	22	70	border	border	ADJ
fbem-27655	22	71	capital	capital	NOUN
fbem-27655	22	72	flows	flow	NOUN
fbem-27655	22	73	,	,	PUNCT
fbem-27655	22	74	and	and	CCONJ
fbem-27655	22	75	other	other	ADJ
fbem-27655	22	76	times	time	NOUN
fbem-27655	22	77	was	be	AUX
fbem-27655	22	78	mainly	mainly	ADV
fbem-27655	22	79	negative	negative	ADJ
fbem-27655	22	80	[	[	X
fbem-27655	22	81	2	2	NUM
fbem-27655	22	82	]	]	PUNCT
fbem-27655	22	83	.	.	PUNCT
fbem-27655	23	1	ehrmann	ehrmann	PROPN
fbem-27655	23	2	and	and	CCONJ
fbem-27655	23	3	fratzscher	fratzscher	ADV
fbem-27655	23	4	find	find	VERB
fbem-27655	23	5	out	out	ADP
fbem-27655	23	6	that	that	SCONJ
fbem-27655	23	7	u.s	u.s	PROPN
fbem-27655	23	8	.	.	PROPN
fbem-27655	23	9	monetary	monetary	ADJ
fbem-27655	23	10	policy	policy	NOUN
fbem-27655	23	11	plays	play	VERB
fbem-27655	23	12	a	a	DET
fbem-27655	23	13	significant	significant	ADJ
fbem-27655	23	14	role	role	NOUN
fbem-27655	23	15	in	in	ADP
fbem-27655	23	16	determine	determine	VERB
fbem-27655	23	17	global	global	ADJ
fbem-27655	23	18	equity	equity	NOUN
fbem-27655	23	19	markets	market	NOUN
fbem-27655	23	20	.	.	PUNCT
fbem-27655	24	1	the	the	DET
fbem-27655	24	2	transmission	transmission	NOUN
fbem-27655	24	3	via	via	ADP
fbem-27655	24	4	u.s	u.s	PROPN
fbem-27655	24	5	.	.	PROPN
fbem-27655	24	6	domestic	domestic	ADJ
fbem-27655	24	7	and	and	CCONJ
fbem-27655	24	8	foreign	foreign	ADJ
fbem-27655	24	9	short	short	ADJ
fbem-27655	24	10	-	-	PUNCT
fbem-27655	24	11	term	term	NOUN
fbem-27655	24	12	interest	interest	NOUN
fbem-27655	24	13	rates	rate	NOUN
fbem-27655	24	14	and	and	CCONJ
fbem-27655	24	15	the	the	DET
fbem-27655	24	16	exchange	exchange	NOUN
fbem-27655	24	17	rate	rate	NOUN
fbem-27655	24	18	stands	stand	VERB
fbem-27655	24	19	out	out	ADP
fbem-27655	24	20	in	in	ADP
fbem-27655	24	21	particular	particular	ADJ
fbem-27655	24	22	[	[	X
fbem-27655	24	23	3	3	NUM
fbem-27655	24	24	]	]	PUNCT
fbem-27655	24	25	.	.	PUNCT
fbem-27655	25	1	mackowiak	mackowiak	PROPN
fbem-27655	25	2	uses	use	VERB
fbem-27655	25	3	structural	structural	ADJ
fbem-27655	25	4	var	var	NOUN
fbem-27655	25	5	to	to	PART
fbem-27655	25	6	show	show	VERB
fbem-27655	25	7	that	that	SCONJ
fbem-27655	25	8	the	the	DET
fbem-27655	25	9	interest	interest	NOUN
fbem-27655	25	10	rate	rate	NOUN
fbem-27655	25	11	and	and	CCONJ
fbem-27655	25	12	the	the	DET
fbem-27655	25	13	exchange	exchange	NOUN
fbem-27655	25	14	rate	rate	NOUN
fbem-27655	25	15	in	in	ADP
fbem-27655	25	16	emerging	emerge	VERB
fbem-27655	25	17	markets	market	NOUN
fbem-27655	25	18	react	react	VERB
fbem-27655	25	19	to	to	ADP
fbem-27655	25	20	changes	change	NOUN
fbem-27655	25	21	of	of	ADP
fbem-27655	25	22	u.s	u.s	PROPN
fbem-27655	25	23	.	.	PROPN
fbem-27655	25	24	monetary	monetary	ADJ
fbem-27655	25	25	policy	policy	NOUN
fbem-27655	25	26	quickly	quickly	ADV
fbem-27655	25	27	and	and	CCONJ
fbem-27655	25	28	strongly	strongly	ADV
fbem-27655	26	1	[	[	X
fbem-27655	26	2	4	4	NUM
fbem-27655	26	3	]	]	PUNCT
fbem-27655	26	4	.	.	PUNCT
fbem-27655	27	1	these	these	DET
fbem-27655	27	2	papers	paper	NOUN
fbem-27655	27	3	show	show	VERB
fbem-27655	27	4	that	that	SCONJ
fbem-27655	27	5	u.s	u.s	PROPN
fbem-27655	27	6	.	.	PROPN
fbem-27655	27	7	monetary	monetary	ADJ
fbem-27655	27	8	policy	policy	NOUN
fbem-27655	27	9	has	have	VERB
fbem-27655	27	10	important	important	ADJ
fbem-27655	27	11	international	international	ADJ
fbem-27655	27	12	transmission	transmission	NOUN
fbem-27655	27	13	shocks	shock	NOUN
fbem-27655	27	14	,	,	PUNCT
fbem-27655	27	15	particular	particular	ADJ
fbem-27655	27	16	to	to	ADP
fbem-27655	27	17	emerging	emerge	VERB
fbem-27655	27	18	markets	market	NOUN
fbem-27655	27	19	.	.	PUNCT
fbem-27655	28	1	as	as	ADP
fbem-27655	28	2	the	the	DET
fbem-27655	28	3	largest	large	ADJ
fbem-27655	28	4	emerging	emerge	VERB
fbem-27655	28	5	market	market	NOUN
fbem-27655	28	6	,	,	PUNCT
fbem-27655	28	7	china	china	PROPN
fbem-27655	28	8	’s	’s	PART
fbem-27655	28	9	asset	asset	NOUN
fbem-27655	28	10	prices	price	NOUN
fbem-27655	28	11	are	be	AUX
fbem-27655	28	12	greatly	greatly	ADV
fbem-27655	28	13	affected	affect	VERB
fbem-27655	28	14	by	by	ADP
fbem-27655	28	15	u.s	u.s	PROPN
fbem-27655	28	16	.	.	PROPN
fbem-27655	28	17	monetary	monetary	ADJ
fbem-27655	28	18	policy	policy	NOUN
fbem-27655	28	19	,	,	PUNCT
fbem-27655	28	20	especially	especially	ADV
fbem-27655	28	21	through	through	ADP
fbem-27655	28	22	interest	interest	NOUN
fbem-27655	28	23	rate	rate	NOUN
fbem-27655	28	24	and	and	CCONJ
fbem-27655	28	25	exchange	exchange	NOUN
fbem-27655	28	26	rate	rate	NOUN
fbem-27655	28	27	fluctuations	fluctuation	NOUN
fbem-27655	28	28	.	.	PUNCT
fbem-27655	29	1	there	there	PRON
fbem-27655	29	2	is	be	VERB
fbem-27655	29	3	also	also	ADV
fbem-27655	29	4	research	research	NOUN
fbem-27655	29	5	done	do	VERB
fbem-27655	29	6	on	on	ADP
fbem-27655	29	7	the	the	DET
fbem-27655	29	8	transmission	transmission	NOUN
fbem-27655	29	9	shocks	shock	NOUN
fbem-27655	29	10	of	of	ADP
fbem-27655	29	11	u.s	u.s	PROPN
fbem-27655	29	12	.	.	PROPN
fbem-27655	29	13	monetary	monetary	ADJ
fbem-27655	29	14	policy	policy	NOUN
fbem-27655	29	15	on	on	ADP
fbem-27655	29	16	china	china	PROPN
fbem-27655	29	17	’s	’s	PART
fbem-27655	29	18	housing	housing	NOUN
fbem-27655	29	19	prices	price	NOUN
fbem-27655	29	20	.	.	PUNCT
fbem-27655	30	1	jia	jia	PROPN
fbem-27655	30	2	shaolong	shaolong	PROPN
fbem-27655	30	3	uses	use	VERB
fbem-27655	30	4	the	the	DET
fbem-27655	30	5	time	time	NOUN
fbem-27655	30	6	series	series	NOUN
fbem-27655	30	7	from	from	ADP
fbem-27655	30	8	2007	2007	NUM
fbem-27655	30	9	to	to	ADP
fbem-27655	30	10	2011	2011	NUM
fbem-27655	30	11	to	to	PART
fbem-27655	30	12	analyze	analyze	VERB
fbem-27655	30	13	the	the	DET
fbem-27655	30	14	influence	influence	NOUN
fbem-27655	30	15	of	of	ADP
fbem-27655	30	16	china	china	PROPN
fbem-27655	30	17	and	and	CCONJ
fbem-27655	30	18	u.s	u.s	PROPN
fbem-27655	30	19	.	.	PROPN
fbem-27655	30	20	monetary	monetary	ADJ
fbem-27655	30	21	policy	policy	NOUN
fbem-27655	30	22	adjustments	adjustment	NOUN
fbem-27655	30	23	on	on	ADP
fbem-27655	30	24	china	china	PROPN
fbem-27655	30	25	's	's	PART
fbem-27655	30	26	asset	asset	NOUN
fbem-27655	30	27	prices	price	NOUN
fbem-27655	30	28	and	and	CCONJ
fbem-27655	30	29	finds	find	VERB
fbem-27655	30	30	that	that	SCONJ
fbem-27655	30	31	the	the	DET
fbem-27655	30	32	u.s	u.s	PROPN
fbem-27655	30	33	.	.	PROPN
fbem-27655	30	34	monetary	monetary	ADJ
fbem-27655	30	35	policy	policy	NOUN
fbem-27655	30	36	adjustments	adjustment	NOUN
fbem-27655	30	37	can	can	AUX
fbem-27655	30	38	cause	cause	VERB
fbem-27655	30	39	fluctuations	fluctuation	NOUN
fbem-27655	30	40	in	in	ADP
fbem-27655	30	41	china	china	PROPN
fbem-27655	30	42	's	's	PART
fbem-27655	30	43	stock	stock	NOUN
fbem-27655	30	44	market	market	NOUN
fbem-27655	30	45	through	through	ADP
fbem-27655	30	46	interest	interest	NOUN
fbem-27655	30	47	rates	rate	NOUN
fbem-27655	30	48	channel	channel	NOUN
fbem-27655	30	49	and	and	CCONJ
fbem-27655	30	50	capital	capital	NOUN
fbem-27655	30	51	inflows	inflow	NOUN
fbem-27655	30	52	channel	channel	PROPN
fbem-27655	30	53	,	,	PUNCT
fbem-27655	30	54	which	which	PRON
fbem-27655	30	55	in	in	ADP
fbem-27655	30	56	turn	turn	NOUN
fbem-27655	30	57	can	can	AUX
fbem-27655	30	58	affect	affect	VERB
fbem-27655	30	59	china	china	PROPN
fbem-27655	30	60	’s	’s	PART
fbem-27655	30	61	real	real	ADJ
fbem-27655	30	62	estate	estate	NOUN
fbem-27655	30	63	prices	price	NOUN
fbem-27655	30	64	[	[	X
fbem-27655	30	65	5	5	NUM
fbem-27655	30	66	]	]	PUNCT
fbem-27655	30	67	.	.	PUNCT
fbem-27655	31	1	liu	liu	PROPN
fbem-27655	31	2	weijiang	weijiang	PROPN
fbem-27655	31	3	et	et	PROPN
fbem-27655	31	4	al	al	PROPN
fbem-27655	31	5	.	.	PROPN
fbem-27655	31	6	find	find	VERB
fbem-27655	31	7	that	that	SCONJ
fbem-27655	31	8	the	the	DET
fbem-27655	31	9	transmission	transmission	NOUN
fbem-27655	31	10	channels	channel	NOUN
fbem-27655	31	11	of	of	ADP
fbem-27655	31	12	u.s	u.s	PROPN
fbem-27655	31	13	.	.	PROPN
fbem-27655	31	14	monetary	monetary	ADJ
fbem-27655	31	15	policy	policy	NOUN
fbem-27655	31	16	shocks	shock	NOUN
fbem-27655	31	17	mainly	mainly	ADV
fbem-27655	31	18	include	include	VERB
fbem-27655	31	19	monetary	monetary	ADJ
fbem-27655	31	20	policy	policy	NOUN
fbem-27655	31	21	channel	channel	NOUN
fbem-27655	31	22	and	and	CCONJ
fbem-27655	31	23	asset	asset	NOUN
fbem-27655	31	24	price	price	NOUN
fbem-27655	31	25	channel	channel	NOUN
fbem-27655	31	26	,	,	PUNCT
fbem-27655	31	27	while	while	SCONJ
fbem-27655	31	28	the	the	DET
fbem-27655	31	29	monetary	monetary	ADJ
fbem-27655	31	30	policy	policy	NOUN
fbem-27655	31	31	channel	channel	NOUN
fbem-27655	31	32	refers	refer	VERB
fbem-27655	31	33	to	to	ADP
fbem-27655	31	34	the	the	DET
fbem-27655	31	35	fact	fact	NOUN
fbem-27655	31	36	that	that	SCONJ
fbem-27655	31	37	the	the	DET
fbem-27655	31	38	u.s	u.s	PROPN
fbem-27655	31	39	.	.	PROPN
fbem-27655	31	40	monetary	monetary	ADJ
fbem-27655	31	41	policy	policy	NOUN
fbem-27655	31	42	will	will	AUX
fbem-27655	31	43	affect	affect	VERB
fbem-27655	31	44	china	china	PROPN
fbem-27655	31	45	's	's	PART
fbem-27655	31	46	monetary	monetary	ADJ
fbem-27655	31	47	policy	policy	NOUN
fbem-27655	31	48	,	,	PUNCT
fbem-27655	31	49	and	and	CCONJ
fbem-27655	31	50	then	then	ADV
fbem-27655	31	51	affect	affect	VERB
fbem-27655	31	52	the	the	DET
fbem-27655	31	53	real	real	ADJ
fbem-27655	31	54	estate	estate	NOUN
fbem-27655	31	55	market	market	NOUN
fbem-27655	31	56	;	;	PUNCT
fbem-27655	31	57	the	the	DET
fbem-27655	31	58	asset	asset	NOUN
fbem-27655	31	59	price	price	NOUN
fbem-27655	31	60	channel	channel	NOUN
fbem-27655	31	61	means	mean	VERB
fbem-27655	31	62	that	that	SCONJ
fbem-27655	31	63	china	china	PROPN
fbem-27655	31	64	's	's	PART
fbem-27655	31	65	stock	stock	NOUN
fbem-27655	31	66	market	market	NOUN
fbem-27655	31	67	reacts	react	VERB
fbem-27655	31	68	to	to	ADP
fbem-27655	31	69	changes	change	NOUN
fbem-27655	31	70	of	of	ADP
fbem-27655	31	71	the	the	DET
fbem-27655	31	72	u.s	u.s	PROPN
fbem-27655	31	73	.	.	PROPN
fbem-27655	31	74	monetary	monetary	ADJ
fbem-27655	31	75	policy	policy	NOUN
fbem-27655	31	76	,	,	PUNCT
fbem-27655	31	77	which	which	PRON
fbem-27655	31	78	in	in	ADP
fbem-27655	31	79	turn	turn	NOUN
fbem-27655	31	80	will	will	AUX
fbem-27655	31	81	affect	affect	VERB
fbem-27655	31	82	real	real	ADJ
fbem-27655	31	83	estate	estate	NOUN
fbem-27655	31	84	prices	price	NOUN
fbem-27655	32	1	[	[	X
fbem-27655	32	2	6	6	NUM
fbem-27655	32	3	]	]	PUNCT
fbem-27655	32	4	.	.	PUNCT
fbem-27655	33	1	wu	wu	PROPN
fbem-27655	33	2	tianliang	tianliang	PROPN
fbem-27655	33	3	points	point	VERB
fbem-27655	33	4	out	out	ADP
fbem-27655	33	5	that	that	SCONJ
fbem-27655	33	6	the	the	DET
fbem-27655	33	7	most	most	ADV
fbem-27655	33	8	direct	direct	ADJ
fbem-27655	33	9	influence	influence	NOUN
fbem-27655	33	10	of	of	ADP
fbem-27655	33	11	the	the	DET
fbem-27655	33	12	federal	federal	PROPN
fbem-27655	33	13	reserve	reserve	PROPN
fbem-27655	33	14	’s	’s	PART
fbem-27655	33	15	interest	interest	NOUN
fbem-27655	33	16	rate	rate	NOUN
fbem-27655	33	17	hike	hike	PROPN
fbem-27655	33	18	on	on	ADP
fbem-27655	33	19	china	china	PROPN
fbem-27655	33	20	's	's	PART
fbem-27655	33	21	economy	economy	NOUN
fbem-27655	33	22	is	be	AUX
fbem-27655	33	23	that	that	SCONJ
fbem-27655	33	24	it	it	PRON
fbem-27655	33	25	will	will	AUX
fbem-27655	33	26	intensify	intensify	VERB
fbem-27655	33	27	capital	capital	NOUN
fbem-27655	33	28	outflows	outflow	NOUN
fbem-27655	33	29	,	,	PUNCT
fbem-27655	33	30	accompanied	accompany	VERB
fbem-27655	33	31	by	by	ADP
fbem-27655	33	32	the	the	DET
fbem-27655	33	33	depreciation	depreciation	NOUN
fbem-27655	33	34	of	of	ADP
fbem-27655	33	35	the	the	DET
fbem-27655	33	36	yuan	yuan	NOUN
fbem-27655	33	37	,	,	PUNCT
fbem-27655	33	38	143	143	NUM
fbem-27655	33	39	which	which	PRON
fbem-27655	33	40	will	will	AUX
fbem-27655	33	41	cause	cause	VERB
fbem-27655	33	42	real	real	ADJ
fbem-27655	33	43	estate	estate	NOUN
fbem-27655	33	44	prices	price	NOUN
fbem-27655	33	45	to	to	PART
fbem-27655	33	46	fall	fall	VERB
fbem-27655	33	47	[	[	X
fbem-27655	33	48	7	7	NUM
fbem-27655	33	49	]	]	PUNCT
fbem-27655	33	50	.	.	PUNCT
fbem-27655	34	1	liu	liu	PROPN
fbem-27655	34	2	hebei	hebei	PROPN
fbem-27655	34	3	uses	use	VERB
fbem-27655	34	4	the	the	DET
fbem-27655	34	5	quarterly	quarterly	ADJ
fbem-27655	34	6	data	datum	NOUN
fbem-27655	34	7	from	from	ADP
fbem-27655	34	8	2007	2007	NUM
fbem-27655	34	9	to	to	ADP
fbem-27655	34	10	2024	2024	NUM
fbem-27655	34	11	to	to	PART
fbem-27655	34	12	construct	construct	VERB
fbem-27655	34	13	the	the	DET
fbem-27655	34	14	bvar	bvar	NOUN
fbem-27655	34	15	model	model	NOUN
fbem-27655	34	16	,	,	PUNCT
fbem-27655	34	17	and	and	CCONJ
fbem-27655	34	18	found	find	VERB
fbem-27655	34	19	that	that	SCONJ
fbem-27655	34	20	the	the	DET
fbem-27655	34	21	fed	fed	PROPN
fbem-27655	34	22	's	's	PART
fbem-27655	34	23	interest	interest	NOUN
fbem-27655	34	24	rate	rate	NOUN
fbem-27655	34	25	hike	hike	NOUN
fbem-27655	34	26	can	can	AUX
fbem-27655	34	27	cause	cause	VERB
fbem-27655	34	28	decline	decline	NOUN
fbem-27655	34	29	in	in	ADP
fbem-27655	34	30	real	real	ADJ
fbem-27655	34	31	estate	estate	NOUN
fbem-27655	34	32	investment	investment	NOUN
fbem-27655	34	33	and	and	CCONJ
fbem-27655	34	34	commercial	commercial	ADJ
fbem-27655	34	35	housing	housing	NOUN
fbem-27655	34	36	sales	sale	NOUN
fbem-27655	34	37	;	;	PUNCT
fbem-27655	34	38	while	while	SCONJ
fbem-27655	34	39	at	at	ADP
fbem-27655	34	40	the	the	DET
fbem-27655	34	41	same	same	ADJ
fbem-27655	34	42	time	time	NOUN
fbem-27655	34	43	household	household	NOUN
fbem-27655	34	44	debt	debt	NOUN
fbem-27655	34	45	will	will	AUX
fbem-27655	34	46	increase	increase	VERB
fbem-27655	34	47	,	,	PUNCT
fbem-27655	34	48	thus	thus	ADV
fbem-27655	34	49	causing	cause	VERB
fbem-27655	34	50	housing	housing	NOUN
fbem-27655	34	51	prices	price	NOUN
fbem-27655	34	52	to	to	PART
fbem-27655	34	53	drop	drop	VERB
fbem-27655	34	54	,	,	PUNCT
fbem-27655	34	55	resulting	result	VERB
fbem-27655	34	56	in	in	ADP
fbem-27655	34	57	a	a	DET
fbem-27655	34	58	negative	negative	ADJ
fbem-27655	34	59	spillover	spillover	NOUN
fbem-27655	34	60	effect	effect	NOUN
fbem-27655	34	61	.	.	PUNCT
fbem-27655	35	1	[	[	X
fbem-27655	35	2	8	8	NUM
fbem-27655	35	3	]	]	PUNCT
fbem-27655	35	4	clearly	clearly	ADV
fbem-27655	35	5	,	,	PUNCT
fbem-27655	35	6	u.s	u.s	PROPN
fbem-27655	35	7	.	.	PROPN
fbem-27655	35	8	monetary	monetary	ADJ
fbem-27655	35	9	policy	policy	NOUN
fbem-27655	35	10	has	have	VERB
fbem-27655	35	11	important	important	ADJ
fbem-27655	35	12	influence	influence	NOUN
fbem-27655	35	13	on	on	ADP
fbem-27655	35	14	china	china	PROPN
fbem-27655	35	15	's	's	PART
fbem-27655	35	16	asset	asset	NOUN
fbem-27655	35	17	price	price	NOUN
fbem-27655	35	18	fluctuations	fluctuation	NOUN
fbem-27655	35	19	,	,	PUNCT
fbem-27655	35	20	including	include	VERB
fbem-27655	35	21	china	china	PROPN
fbem-27655	35	22	’s	’s	PART
fbem-27655	35	23	housing	housing	NOUN
fbem-27655	35	24	prices	price	NOUN
fbem-27655	35	25	,	,	PUNCT
fbem-27655	35	26	and	and	CCONJ
fbem-27655	35	27	this	this	DET
fbem-27655	35	28	paper	paper	NOUN
fbem-27655	35	29	can	can	AUX
fbem-27655	35	30	further	far	ADV
fbem-27655	35	31	explore	explore	VERB
fbem-27655	35	32	the	the	DET
fbem-27655	35	33	transmission	transmission	NOUN
fbem-27655	35	34	channels	channel	NOUN
fbem-27655	35	35	of	of	ADP
fbem-27655	35	36	the	the	DET
fbem-27655	35	37	impact	impact	NOUN
fbem-27655	35	38	in	in	ADP
fbem-27655	35	39	depth	depth	NOUN
fbem-27655	35	40	,	,	PUNCT
fbem-27655	35	41	which	which	PRON
fbem-27655	35	42	can	can	AUX
fbem-27655	35	43	increase	increase	VERB
fbem-27655	35	44	the	the	DET
fbem-27655	35	45	diversity	diversity	NOUN
fbem-27655	35	46	of	of	ADP
fbem-27655	35	47	such	such	ADJ
fbem-27655	35	48	research	research	NOUN
fbem-27655	35	49	.	.	PUNCT
fbem-27655	36	1	3	3	X
fbem-27655	36	2	.	.	X
fbem-27655	36	3	analysis	analysis	NOUN
fbem-27655	36	4	of	of	ADP
fbem-27655	36	5	the	the	DET
fbem-27655	36	6	transmission	transmission	NOUN
fbem-27655	36	7	channels	channel	NOUN
fbem-27655	36	8	of	of	ADP
fbem-27655	36	9	u.s	u.s	PROPN
fbem-27655	36	10	.	.	PROPN
fbem-27655	36	11	monetary	monetary	ADJ
fbem-27655	36	12	policy	policy	NOUN
fbem-27655	36	13	shocks	shock	NOUN
fbem-27655	36	14	on	on	ADP
fbem-27655	36	15	china	china	PROPN
fbem-27655	36	16	's	's	PART
fbem-27655	36	17	housing	housing	NOUN
fbem-27655	36	18	prices	price	NOUN
fbem-27655	36	19	3.1	3.1	NUM
fbem-27655	36	20	.	.	PUNCT
fbem-27655	37	1	interest	interest	NOUN
fbem-27655	37	2	rate	rate	NOUN
fbem-27655	37	3	channels	channel	NOUN
fbem-27655	37	4	according	accord	VERB
fbem-27655	37	5	to	to	ADP
fbem-27655	37	6	krugman	krugman	PROPN
fbem-27655	37	7	's	's	PART
fbem-27655	37	8	theory	theory	NOUN
fbem-27655	37	9	of	of	ADP
fbem-27655	37	10	"	"	PUNCT
fbem-27655	37	11	the	the	DET
fbem-27655	37	12	impossible	impossible	ADJ
fbem-27655	37	13	trinity	trinity	NOUN
fbem-27655	37	14	"	"	PUNCT
fbem-27655	37	15	,	,	PUNCT
fbem-27655	37	16	a	a	DET
fbem-27655	37	17	country	country	NOUN
fbem-27655	37	18	can	can	AUX
fbem-27655	37	19	not	not	PART
fbem-27655	37	20	achieve	achieve	VERB
fbem-27655	37	21	free	free	ADJ
fbem-27655	37	22	movement	movement	NOUN
fbem-27655	37	23	of	of	ADP
fbem-27655	37	24	capital	capital	NOUN
fbem-27655	37	25	,	,	PUNCT
fbem-27655	37	26	monetary	monetary	ADJ
fbem-27655	37	27	policy	policy	NOUN
fbem-27655	37	28	independence	independence	NOUN
fbem-27655	37	29	,	,	PUNCT
fbem-27655	37	30	and	and	CCONJ
fbem-27655	37	31	a	a	DET
fbem-27655	37	32	fixed	fix	VERB
fbem-27655	37	33	exchange	exchange	NOUN
fbem-27655	37	34	rate	rate	NOUN
fbem-27655	37	35	at	at	ADP
fbem-27655	37	36	the	the	DET
fbem-27655	37	37	same	same	ADJ
fbem-27655	37	38	time	time	NOUN
fbem-27655	37	39	.	.	PUNCT
fbem-27655	38	1	in	in	ADP
fbem-27655	38	2	terms	term	NOUN
fbem-27655	38	3	of	of	ADP
fbem-27655	38	4	capital	capital	NOUN
fbem-27655	38	5	flows	flow	NOUN
fbem-27655	38	6	,	,	PUNCT
fbem-27655	38	7	china	china	PROPN
fbem-27655	38	8	faced	face	VERB
fbem-27655	38	9	severe	severe	ADJ
fbem-27655	38	10	capital	capital	NOUN
fbem-27655	38	11	outflow	outflow	NOUN
fbem-27655	38	12	pressures	pressure	NOUN
fbem-27655	38	13	during	during	ADP
fbem-27655	38	14	2015	2015	NUM
fbem-27655	38	15	and	and	CCONJ
fbem-27655	38	16	2016	2016	NUM
fbem-27655	38	17	,	,	PUNCT
fbem-27655	38	18	leading	lead	VERB
fbem-27655	38	19	to	to	ADP
fbem-27655	38	20	increased	increase	VERB
fbem-27655	38	21	expectations	expectation	NOUN
fbem-27655	38	22	of	of	ADP
fbem-27655	38	23	rmb	rmb	NOUN
fbem-27655	38	24	depreciation	depreciation	NOUN
fbem-27655	38	25	.	.	PUNCT
fbem-27655	39	1	in	in	ADP
fbem-27655	39	2	response	response	NOUN
fbem-27655	39	3	,	,	PUNCT
fbem-27655	39	4	the	the	DET
fbem-27655	39	5	chinese	chinese	ADJ
fbem-27655	39	6	government	government	NOUN
fbem-27655	39	7	has	have	AUX
fbem-27655	39	8	slowed	slow	VERB
fbem-27655	39	9	down	down	ADP
fbem-27655	39	10	the	the	DET
fbem-27655	39	11	opening	opening	NOUN
fbem-27655	39	12	up	up	ADP
fbem-27655	39	13	of	of	ADP
fbem-27655	39	14	its	its	PRON
fbem-27655	39	15	capital	capital	NOUN
fbem-27655	39	16	account	account	NOUN
fbem-27655	39	17	and	and	CCONJ
fbem-27655	39	18	tightened	tighten	VERB
fbem-27655	39	19	its	its	PRON
fbem-27655	39	20	controls	control	NOUN
fbem-27655	39	21	on	on	ADP
fbem-27655	39	22	capital	capital	NOUN
fbem-27655	39	23	outflows	outflow	NOUN
fbem-27655	39	24	.	.	PUNCT
fbem-27655	40	1	as	as	SCONJ
fbem-27655	40	2	economic	economic	ADJ
fbem-27655	40	3	conditions	condition	NOUN
fbem-27655	40	4	stabilized	stabilize	VERB
fbem-27655	40	5	,	,	PUNCT
fbem-27655	40	6	the	the	DET
fbem-27655	40	7	chinese	chinese	ADJ
fbem-27655	40	8	government	government	NOUN
fbem-27655	40	9	began	begin	VERB
fbem-27655	40	10	to	to	PART
fbem-27655	40	11	gradually	gradually	ADV
fbem-27655	40	12	ease	ease	VERB
fbem-27655	40	13	restrictions	restriction	NOUN
fbem-27655	40	14	on	on	ADP
fbem-27655	40	15	capital	capital	NOUN
fbem-27655	40	16	flows	flow	NOUN
fbem-27655	40	17	in	in	ADP
fbem-27655	40	18	2018	2018	NUM
fbem-27655	40	19	.	.	PUNCT
fbem-27655	41	1	in	in	ADP
fbem-27655	41	2	recent	recent	ADJ
fbem-27655	41	3	years	year	NOUN
fbem-27655	41	4	,	,	PUNCT
fbem-27655	41	5	the	the	DET
fbem-27655	41	6	chinese	chinese	ADJ
fbem-27655	41	7	government	government	NOUN
fbem-27655	41	8	has	have	AUX
fbem-27655	41	9	encouraged	encourage	VERB
fbem-27655	41	10	foreign	foreign	ADJ
fbem-27655	41	11	capital	capital	NOUN
fbem-27655	41	12	inflows	inflow	NOUN
fbem-27655	41	13	and	and	CCONJ
fbem-27655	41	14	domestic	domestic	ADJ
fbem-27655	41	15	enterprises	enterprise	NOUN
fbem-27655	41	16	to	to	PART
fbem-27655	41	17	invest	invest	VERB
fbem-27655	41	18	abroad	abroad	ADV
fbem-27655	41	19	,	,	PUNCT
fbem-27655	41	20	making	make	VERB
fbem-27655	41	21	foreign	foreign	ADJ
fbem-27655	41	22	direct	direct	ADJ
fbem-27655	41	23	investment	investment	NOUN
fbem-27655	41	24	(	(	PUNCT
fbem-27655	41	25	fdi	fdi	NOUN
fbem-27655	41	26	)	)	PUNCT
fbem-27655	41	27	flows	flow	VERB
fbem-27655	41	28	more	more	ADV
fbem-27655	41	29	balanced	balanced	ADJ
fbem-27655	41	30	.	.	PUNCT
fbem-27655	42	1	although	although	SCONJ
fbem-27655	42	2	china	china	PROPN
fbem-27655	42	3	has	have	AUX
fbem-27655	42	4	not	not	PART
fbem-27655	42	5	yet	yet	ADV
fbem-27655	42	6	achieved	achieve	VERB
fbem-27655	42	7	complete	complete	ADJ
fbem-27655	42	8	convertibility	convertibility	NOUN
fbem-27655	42	9	of	of	ADP
fbem-27655	42	10	the	the	DET
fbem-27655	42	11	capital	capital	NOUN
fbem-27655	42	12	account	account	NOUN
fbem-27655	42	13	,	,	PUNCT
fbem-27655	42	14	capital	capital	NOUN
fbem-27655	42	15	controls	control	NOUN
fbem-27655	42	16	are	be	AUX
fbem-27655	42	17	gradually	gradually	ADV
fbem-27655	42	18	being	be	AUX
fbem-27655	42	19	relaxed	relax	VERB
fbem-27655	42	20	.	.	PUNCT
fbem-27655	43	1	for	for	ADP
fbem-27655	43	2	exchange	exchange	NOUN
fbem-27655	43	3	rate	rate	NOUN
fbem-27655	43	4	,	,	PUNCT
fbem-27655	43	5	china	china	PROPN
fbem-27655	43	6	currently	currently	ADV
fbem-27655	43	7	implements	implement	VERB
fbem-27655	43	8	a	a	DET
fbem-27655	43	9	managed	manage	VERB
fbem-27655	43	10	floating	float	VERB
fbem-27655	43	11	exchange	exchange	NOUN
fbem-27655	43	12	rate	rate	NOUN
fbem-27655	43	13	system	system	NOUN
fbem-27655	43	14	.	.	PUNCT
fbem-27655	44	1	while	while	SCONJ
fbem-27655	44	2	the	the	DET
fbem-27655	44	3	adjustment	adjustment	NOUN
fbem-27655	44	4	of	of	ADP
fbem-27655	44	5	the	the	DET
fbem-27655	44	6	us	us	PROPN
fbem-27655	44	7	monetary	monetary	ADJ
fbem-27655	44	8	policy	policy	NOUN
fbem-27655	44	9	will	will	AUX
fbem-27655	44	10	inevitably	inevitably	ADV
fbem-27655	44	11	cause	cause	VERB
fbem-27655	44	12	fluctuations	fluctuation	NOUN
fbem-27655	44	13	in	in	ADP
fbem-27655	44	14	the	the	DET
fbem-27655	44	15	rmb	rmb	PROPN
fbem-27655	44	16	exchange	exchange	NOUN
fbem-27655	44	17	rate	rate	NOUN
fbem-27655	44	18	,	,	PUNCT
fbem-27655	44	19	people	people	NOUN
fbem-27655	44	20	's	's	PART
fbem-27655	44	21	bank	bank	PROPN
fbem-27655	44	22	of	of	ADP
fbem-27655	44	23	china	china	PROPN
fbem-27655	44	24	can	can	AUX
fbem-27655	44	25	only	only	ADV
fbem-27655	44	26	choose	choose	VERB
fbem-27655	44	27	to	to	PART
fbem-27655	44	28	passively	passively	ADV
fbem-27655	44	29	follow	follow	VERB
fbem-27655	44	30	the	the	DET
fbem-27655	44	31	fed	fed	PROPN
fbem-27655	44	32	's	's	PART
fbem-27655	44	33	policy	policy	NOUN
fbem-27655	44	34	changes	change	NOUN
fbem-27655	44	35	to	to	PART
fbem-27655	44	36	stabilize	stabilize	VERB
fbem-27655	44	37	the	the	DET
fbem-27655	44	38	exchange	exchange	NOUN
fbem-27655	44	39	rate	rate	NOUN
fbem-27655	45	1	[	[	X
fbem-27655	45	2	6	6	NUM
fbem-27655	45	3	]	]	PUNCT
fbem-27655	45	4	.	.	PUNCT
fbem-27655	46	1	it	it	PRON
fbem-27655	46	2	’s	’	VERB
fbem-27655	46	3	easy	easy	ADJ
fbem-27655	46	4	to	to	PART
fbem-27655	46	5	see	see	VERB
fbem-27655	46	6	that	that	SCONJ
fbem-27655	46	7	u.s	u.s	PROPN
fbem-27655	46	8	.	.	PROPN
fbem-27655	46	9	monetary	monetary	ADJ
fbem-27655	46	10	policy	policy	NOUN
fbem-27655	46	11	changes	change	NOUN
fbem-27655	46	12	will	will	AUX
fbem-27655	46	13	inevitably	inevitably	ADV
fbem-27655	46	14	influence	influence	VERB
fbem-27655	46	15	chinese	chinese	ADJ
fbem-27655	46	16	currency	currency	NOUN
fbem-27655	46	17	exchange	exchange	NOUN
fbem-27655	46	18	rate	rate	NOUN
fbem-27655	46	19	and	and	CCONJ
fbem-27655	46	20	the	the	DET
fbem-27655	46	21	interest	interest	NOUN
fbem-27655	46	22	rate	rate	NOUN
fbem-27655	46	23	differential	differential	NOUN
fbem-27655	46	24	between	between	ADP
fbem-27655	46	25	the	the	DET
fbem-27655	46	26	two	two	NUM
fbem-27655	46	27	countries	country	NOUN
fbem-27655	46	28	,	,	PUNCT
fbem-27655	46	29	thus	thus	ADV
fbem-27655	46	30	affecting	affect	VERB
fbem-27655	46	31	the	the	DET
fbem-27655	46	32	independence	independence	NOUN
fbem-27655	46	33	of	of	ADP
fbem-27655	46	34	china	china	PROPN
fbem-27655	46	35	's	's	PART
fbem-27655	46	36	monetary	monetary	ADJ
fbem-27655	46	37	policy	policy	NOUN
fbem-27655	46	38	.	.	PUNCT
fbem-27655	47	1	so	so	ADV
fbem-27655	47	2	,	,	PUNCT
fbem-27655	47	3	it	it	PRON
fbem-27655	47	4	is	be	AUX
fbem-27655	47	5	obvious	obvious	ADJ
fbem-27655	47	6	to	to	PART
fbem-27655	47	7	see	see	VERB
fbem-27655	47	8	that	that	SCONJ
fbem-27655	47	9	the	the	DET
fbem-27655	47	10	change	change	NOUN
fbem-27655	47	11	of	of	ADP
fbem-27655	47	12	u.s	u.s	PROPN
fbem-27655	47	13	.	.	PROPN
fbem-27655	47	14	monetary	monetary	ADJ
fbem-27655	47	15	policy	policy	NOUN
fbem-27655	47	16	will	will	AUX
fbem-27655	47	17	affect	affect	VERB
fbem-27655	47	18	china	china	PROPN
fbem-27655	47	19	's	's	PART
fbem-27655	47	20	monetary	monetary	ADJ
fbem-27655	47	21	policy	policy	NOUN
fbem-27655	47	22	,	,	PUNCT
fbem-27655	47	23	and	and	CCONJ
fbem-27655	47	24	thus	thus	ADV
fbem-27655	47	25	affect	affect	VERB
fbem-27655	47	26	china	china	PROPN
fbem-27655	47	27	's	's	PART
fbem-27655	47	28	real	real	ADJ
fbem-27655	47	29	estate	estate	NOUN
fbem-27655	47	30	prices	price	NOUN
fbem-27655	47	31	.	.	PUNCT
fbem-27655	48	1	3.2	3.2	NUM
fbem-27655	48	2	.	.	PUNCT
fbem-27655	49	1	exchange	exchange	NOUN
fbem-27655	49	2	rate	rate	NOUN
fbem-27655	49	3	channels	channel	NOUN
fbem-27655	49	4	since	since	SCONJ
fbem-27655	49	5	2016	2016	NUM
fbem-27655	50	1	,	,	PUNCT
fbem-27655	50	2	the	the	DET
fbem-27655	50	3	federal	federal	PROPN
fbem-27655	50	4	reserve	reserve	PROPN
fbem-27655	50	5	has	have	AUX
fbem-27655	50	6	implemented	implement	VERB
fbem-27655	50	7	two	two	NUM
fbem-27655	50	8	rounds	round	NOUN
fbem-27655	50	9	of	of	ADP
fbem-27655	50	10	interest	interest	NOUN
fbem-27655	50	11	rate	rate	NOUN
fbem-27655	50	12	hikes	hike	NOUN
fbem-27655	50	13	,	,	PUNCT
fbem-27655	50	14	which	which	PRON
fbem-27655	50	15	have	have	AUX
fbem-27655	50	16	raised	raise	VERB
fbem-27655	50	17	interest	interest	NOUN
fbem-27655	50	18	rates	rate	NOUN
fbem-27655	50	19	in	in	ADP
fbem-27655	50	20	the	the	DET
fbem-27655	50	21	united	united	PROPN
fbem-27655	50	22	states	states	PROPN
fbem-27655	50	23	and	and	CCONJ
fbem-27655	50	24	strengthened	strengthen	VERB
fbem-27655	50	25	the	the	DET
fbem-27655	50	26	attractiveness	attractiveness	NOUN
fbem-27655	50	27	of	of	ADP
fbem-27655	50	28	the	the	DET
fbem-27655	50	29	dollar	dollar	NOUN
fbem-27655	50	30	,	,	PUNCT
fbem-27655	50	31	leading	lead	VERB
fbem-27655	50	32	to	to	ADP
fbem-27655	50	33	international	international	ADJ
fbem-27655	50	34	capital	capital	NOUN
fbem-27655	50	35	flows	flow	NOUN
fbem-27655	50	36	to	to	ADP
fbem-27655	50	37	the	the	DET
fbem-27655	50	38	united	united	PROPN
fbem-27655	50	39	states	states	PROPN
fbem-27655	50	40	and	and	CCONJ
fbem-27655	50	41	a	a	DET
fbem-27655	50	42	relative	relative	ADJ
fbem-27655	50	43	depreciation	depreciation	NOUN
fbem-27655	50	44	of	of	ADP
fbem-27655	50	45	the	the	DET
fbem-27655	50	46	yuan	yuan	NOUN
fbem-27655	50	47	.	.	PUNCT
fbem-27655	51	1	on	on	ADP
fbem-27655	51	2	the	the	DET
fbem-27655	51	3	one	one	NUM
fbem-27655	51	4	hand	hand	NOUN
fbem-27655	51	5	,	,	PUNCT
fbem-27655	51	6	the	the	DET
fbem-27655	51	7	depreciation	depreciation	NOUN
fbem-27655	51	8	of	of	ADP
fbem-27655	51	9	the	the	DET
fbem-27655	51	10	yuan	yuan	NOUN
fbem-27655	51	11	has	have	AUX
fbem-27655	51	12	caused	cause	VERB
fbem-27655	51	13	the	the	DET
fbem-27655	51	14	overseas	overseas	ADJ
fbem-27655	51	15	debt	debt	NOUN
fbem-27655	51	16	of	of	ADP
fbem-27655	51	17	real	real	ADJ
fbem-27655	51	18	estate	estate	NOUN
fbem-27655	51	19	to	to	PART
fbem-27655	51	20	rise	rise	VERB
fbem-27655	51	21	,	,	PUNCT
fbem-27655	51	22	increasing	increase	VERB
fbem-27655	51	23	the	the	DET
fbem-27655	51	24	cost	cost	NOUN
fbem-27655	51	25	and	and	CCONJ
fbem-27655	51	26	pressure	pressure	NOUN
fbem-27655	51	27	of	of	ADP
fbem-27655	51	28	debt	debt	NOUN
fbem-27655	51	29	repayment	repayment	NOUN
fbem-27655	51	30	for	for	ADP
fbem-27655	51	31	real	real	ADJ
fbem-27655	51	32	estate	estate	NOUN
fbem-27655	51	33	companies	company	NOUN
fbem-27655	51	34	,	,	PUNCT
fbem-27655	51	35	which	which	PRON
fbem-27655	51	36	is	be	AUX
fbem-27655	51	37	a	a	DET
fbem-27655	51	38	huge	huge	ADJ
fbem-27655	51	39	challenge	challenge	NOUN
fbem-27655	51	40	them	they	PRON
fbem-27655	51	41	,	,	PUNCT
fbem-27655	51	42	and	and	CCONJ
fbem-27655	51	43	many	many	ADJ
fbem-27655	51	44	companies	company	NOUN
fbem-27655	51	45	have	have	AUX
fbem-27655	51	46	also	also	ADV
fbem-27655	51	47	experienced	experience	VERB
fbem-27655	51	48	crashes	crash	NOUN
fbem-27655	51	49	[	[	X
fbem-27655	51	50	9	9	NUM
fbem-27655	51	51	]	]	PUNCT
fbem-27655	51	52	.	.	PUNCT
fbem-27655	52	1	meanwhile	meanwhile	ADV
fbem-27655	52	2	,	,	PUNCT
fbem-27655	52	3	the	the	DET
fbem-27655	52	4	appreciation	appreciation	NOUN
fbem-27655	52	5	of	of	ADP
fbem-27655	52	6	the	the	DET
fbem-27655	52	7	u.s	u.s	PROPN
fbem-27655	52	8	.	.	PROPN
fbem-27655	52	9	dollar	dollar	NOUN
fbem-27655	52	10	will	will	AUX
fbem-27655	52	11	lead	lead	VERB
fbem-27655	52	12	to	to	ADP
fbem-27655	52	13	capital	capital	NOUN
fbem-27655	52	14	outflows	outflow	NOUN
fbem-27655	52	15	from	from	ADP
fbem-27655	52	16	china	china	PROPN
fbem-27655	52	17	,	,	PUNCT
fbem-27655	52	18	while	while	SCONJ
fbem-27655	52	19	capital	capital	NOUN
fbem-27655	52	20	outflows	outflow	NOUN
fbem-27655	52	21	mean	mean	VERB
fbem-27655	52	22	that	that	SCONJ
fbem-27655	52	23	investors	investor	NOUN
fbem-27655	52	24	will	will	AUX
fbem-27655	52	25	reduce	reduce	VERB
fbem-27655	52	26	their	their	PRON
fbem-27655	52	27	investment	investment	NOUN
fbem-27655	52	28	in	in	ADP
fbem-27655	52	29	china	china	PROPN
fbem-27655	52	30	's	's	PART
fbem-27655	52	31	real	real	ADJ
fbem-27655	52	32	estate	estate	NOUN
fbem-27655	52	33	market	market	NOUN
fbem-27655	52	34	,	,	PUNCT
fbem-27655	52	35	causing	cause	VERB
fbem-27655	52	36	a	a	DET
fbem-27655	52	37	decline	decline	NOUN
fbem-27655	52	38	in	in	ADP
fbem-27655	52	39	the	the	DET
fbem-27655	52	40	real	real	ADJ
fbem-27655	52	41	estate	estate	NOUN
fbem-27655	52	42	market	market	NOUN
fbem-27655	52	43	demand	demand	NOUN
fbem-27655	52	44	,	,	PUNCT
fbem-27655	52	45	which	which	PRON
fbem-27655	52	46	in	in	ADP
fbem-27655	52	47	turn	turn	NOUN
fbem-27655	52	48	will	will	AUX
fbem-27655	52	49	exert	exert	VERB
fbem-27655	52	50	downward	downward	ADJ
fbem-27655	52	51	pressure	pressure	NOUN
fbem-27655	52	52	on	on	ADP
fbem-27655	52	53	housing	housing	NOUN
fbem-27655	52	54	prices	price	NOUN
fbem-27655	52	55	.	.	PUNCT
fbem-27655	53	1	therefore	therefore	ADV
fbem-27655	53	2	,	,	PUNCT
fbem-27655	53	3	the	the	DET
fbem-27655	53	4	fed	fed	PROPN
fbem-27655	53	5	's	's	PART
fbem-27655	53	6	monetary	monetary	ADJ
fbem-27655	53	7	policy	policy	NOUN
fbem-27655	53	8	can	can	AUX
fbem-27655	53	9	have	have	VERB
fbem-27655	53	10	some	some	DET
fbem-27655	53	11	influence	influence	NOUN
fbem-27655	53	12	on	on	ADP
fbem-27655	53	13	china	china	PROPN
fbem-27655	53	14	's	's	PART
fbem-27655	53	15	real	real	ADJ
fbem-27655	53	16	estate	estate	NOUN
fbem-27655	53	17	prices	price	NOUN
fbem-27655	53	18	through	through	ADP
fbem-27655	53	19	the	the	DET
fbem-27655	53	20	exchange	exchange	NOUN
fbem-27655	53	21	rate	rate	NOUN
fbem-27655	53	22	channel	channel	NOUN
fbem-27655	53	23	.	.	PUNCT
fbem-27655	54	1	3.3	3.3	NUM
fbem-27655	54	2	.	.	PUNCT
fbem-27655	55	1	asset	asset	NOUN
fbem-27655	55	2	price	price	NOUN
fbem-27655	55	3	channels	channel	NOUN
fbem-27655	55	4	in	in	ADP
fbem-27655	55	5	the	the	DET
fbem-27655	55	6	context	context	NOUN
fbem-27655	55	7	of	of	ADP
fbem-27655	55	8	globalization	globalization	NOUN
fbem-27655	55	9	,	,	PUNCT
fbem-27655	55	10	u.s	u.s	PROPN
fbem-27655	55	11	.	.	PROPN
fbem-27655	55	12	monetary	monetary	ADJ
fbem-27655	55	13	policy	policy	NOUN
fbem-27655	55	14	of	of	ADP
fbem-27655	55	15	the	the	PRON
fbem-27655	55	16	will	will	AUX
fbem-27655	55	17	affect	affect	VERB
fbem-27655	55	18	international	international	ADJ
fbem-27655	55	19	capital	capital	NOUN
fbem-27655	55	20	flows	flow	NOUN
fbem-27655	55	21	,	,	PUNCT
fbem-27655	55	22	including	include	VERB
fbem-27655	55	23	capital	capital	NOUN
fbem-27655	55	24	from	from	ADP
fbem-27655	55	25	chinese	chinese	ADJ
fbem-27655	55	26	investors	investor	NOUN
fbem-27655	55	27	.	.	PUNCT
fbem-27655	56	1	when	when	SCONJ
fbem-27655	56	2	the	the	DET
fbem-27655	56	3	fed	fed	PROPN
fbem-27655	56	4	agrees	agree	VERB
fbem-27655	56	5	to	to	PART
fbem-27655	56	6	raise	raise	VERB
fbem-27655	56	7	interest	interest	NOUN
fbem-27655	56	8	rates	rate	NOUN
fbem-27655	56	9	,	,	PUNCT
fbem-27655	56	10	more	more	ADJ
fbem-27655	56	11	capital	capital	NOUN
fbem-27655	56	12	flows	flow	VERB
fbem-27655	56	13	out	out	ADP
fbem-27655	56	14	from	from	ADP
fbem-27655	56	15	china	china	PROPN
fbem-27655	56	16	into	into	ADP
fbem-27655	56	17	the	the	DET
fbem-27655	56	18	united	united	PROPN
fbem-27655	56	19	states	states	PROPN
fbem-27655	56	20	,	,	PUNCT
fbem-27655	56	21	reducing	reduce	VERB
fbem-27655	56	22	the	the	DET
fbem-27655	56	23	amount	amount	NOUN
fbem-27655	56	24	of	of	ADP
fbem-27655	56	25	money	money	NOUN
fbem-27655	56	26	in	in	ADP
fbem-27655	56	27	the	the	DET
fbem-27655	56	28	chinese	chinese	ADJ
fbem-27655	56	29	stock	stock	NOUN
fbem-27655	56	30	market	market	NOUN
fbem-27655	56	31	.	.	PUNCT
fbem-27655	57	1	at	at	ADP
fbem-27655	57	2	the	the	DET
fbem-27655	57	3	same	same	ADJ
fbem-27655	57	4	time	time	NOUN
fbem-27655	57	5	,	,	PUNCT
fbem-27655	57	6	china	china	PROPN
fbem-27655	57	7	,	,	PUNCT
fbem-27655	57	8	as	as	ADP
fbem-27655	57	9	the	the	DET
fbem-27655	57	10	third	third	ADV
fbem-27655	57	11	largest	large	ADJ
fbem-27655	57	12	trading	trading	NOUN
fbem-27655	57	13	partner	partner	NOUN
fbem-27655	57	14	of	of	ADP
fbem-27655	57	15	the	the	DET
fbem-27655	57	16	united	united	PROPN
fbem-27655	57	17	states	states	PROPN
fbem-27655	57	18	,	,	PUNCT
fbem-27655	57	19	responds	respond	VERB
fbem-27655	57	20	to	to	ADP
fbem-27655	57	21	changes	change	NOUN
fbem-27655	57	22	in	in	ADP
fbem-27655	57	23	u.s	u.s	PROPN
fbem-27655	57	24	.	.	PROPN
fbem-27655	57	25	monetary	monetary	ADJ
fbem-27655	57	26	policy	policy	NOUN
fbem-27655	57	27	national	national	ADJ
fbem-27655	57	28	wide	wide	ADV
fbem-27655	57	29	.	.	PUNCT
fbem-27655	58	1	these	these	DET
fbem-27655	58	2	responses	response	NOUN
fbem-27655	58	3	are	be	AUX
fbem-27655	58	4	demonstrated	demonstrate	VERB
fbem-27655	58	5	in	in	ADP
fbem-27655	58	6	various	various	ADJ
fbem-27655	58	7	industries	industry	NOUN
fbem-27655	58	8	across	across	ADP
fbem-27655	58	9	china	china	PROPN
fbem-27655	58	10	,	,	PUNCT
fbem-27655	58	11	which	which	PRON
fbem-27655	58	12	in	in	ADP
fbem-27655	58	13	turn	turn	NOUN
fbem-27655	58	14	leads	lead	VERB
fbem-27655	58	15	to	to	ADP
fbem-27655	58	16	stock	stock	NOUN
fbem-27655	58	17	price	price	NOUN
fbem-27655	58	18	volatility	volatility	NOUN
fbem-27655	58	19	.	.	PUNCT
fbem-27655	59	1	as	as	ADP
fbem-27655	59	2	china	china	PROPN
fbem-27655	59	3	's	's	PART
fbem-27655	59	4	two	two	NUM
fbem-27655	59	5	major	major	ADJ
fbem-27655	59	6	investment	investment	NOUN
fbem-27655	59	7	channels	channel	NOUN
fbem-27655	59	8	,	,	PUNCT
fbem-27655	59	9	the	the	DET
fbem-27655	59	10	stock	stock	NOUN
fbem-27655	59	11	market	market	NOUN
fbem-27655	59	12	and	and	CCONJ
fbem-27655	59	13	real	real	ADJ
fbem-27655	59	14	estate	estate	NOUN
fbem-27655	59	15	will	will	AUX
fbem-27655	59	16	inevitably	inevitably	ADV
fbem-27655	59	17	affect	affect	VERB
fbem-27655	59	18	each	each	DET
fbem-27655	59	19	other	other	ADJ
fbem-27655	59	20	.	.	PUNCT
fbem-27655	60	1	when	when	SCONJ
fbem-27655	60	2	the	the	DET
fbem-27655	60	3	stock	stock	NOUN
fbem-27655	60	4	market	market	NOUN
fbem-27655	60	5	is	be	AUX
fbem-27655	60	6	in	in	ADP
fbem-27655	60	7	a	a	DET
fbem-27655	60	8	downturn	downturn	NOUN
fbem-27655	60	9	,	,	PUNCT
fbem-27655	60	10	investors	investor	NOUN
fbem-27655	60	11	turn	turn	VERB
fbem-27655	60	12	to	to	ADP
fbem-27655	60	13	real	real	ADJ
fbem-27655	60	14	estate	estate	NOUN
fbem-27655	60	15	,	,	PUNCT
fbem-27655	60	16	causing	cause	VERB
fbem-27655	60	17	house	house	NOUN
fbem-27655	60	18	prices	price	NOUN
fbem-27655	60	19	to	to	PART
fbem-27655	60	20	rise	rise	VERB
fbem-27655	60	21	.	.	PUNCT
fbem-27655	61	1	when	when	SCONJ
fbem-27655	61	2	stock	stock	NOUN
fbem-27655	61	3	prices	price	NOUN
fbem-27655	61	4	rise	rise	VERB
fbem-27655	61	5	,	,	PUNCT
fbem-27655	61	6	residents	resident	NOUN
fbem-27655	61	7	'	'	PART
fbem-27655	61	8	wealth	wealth	NOUN
fbem-27655	61	9	increases	increase	NOUN
fbem-27655	61	10	,	,	PUNCT
fbem-27655	61	11	which	which	PRON
fbem-27655	61	12	further	far	ADV
fbem-27655	61	13	drives	drive	VERB
fbem-27655	61	14	demand	demand	NOUN
fbem-27655	61	15	for	for	ADP
fbem-27655	61	16	real	real	ADJ
fbem-27655	61	17	estate	estate	NOUN
fbem-27655	61	18	,	,	PUNCT
fbem-27655	61	19	which	which	PRON
fbem-27655	61	20	in	in	ADP
fbem-27655	61	21	turn	turn	NOUN
fbem-27655	61	22	pushes	push	VERB
fbem-27655	61	23	up	up	ADP
fbem-27655	61	24	home	home	NOUN
fbem-27655	61	25	prices	price	NOUN
fbem-27655	62	1	[	[	X
fbem-27655	62	2	6	6	NUM
fbem-27655	62	3	]	]	PUNCT
fbem-27655	62	4	.	.	PUNCT
fbem-27655	63	1	therefore	therefore	ADV
fbem-27655	63	2	,	,	PUNCT
fbem-27655	63	3	changes	change	NOUN
fbem-27655	63	4	in	in	ADP
fbem-27655	63	5	u.s	u.s	PROPN
fbem-27655	63	6	.	.	PROPN
fbem-27655	63	7	monetary	monetary	ADJ
fbem-27655	63	8	policy	policy	NOUN
fbem-27655	63	9	will	will	AUX
fbem-27655	63	10	cause	cause	VERB
fbem-27655	63	11	volatility	volatility	NOUN
fbem-27655	63	12	in	in	ADP
fbem-27655	63	13	china	china	PROPN
fbem-27655	63	14	's	's	PART
fbem-27655	63	15	stock	stock	NOUN
fbem-27655	63	16	market	market	NOUN
fbem-27655	63	17	,	,	PUNCT
fbem-27655	63	18	which	which	PRON
fbem-27655	63	19	in	in	ADP
fbem-27655	63	20	turn	turn	NOUN
fbem-27655	63	21	will	will	AUX
fbem-27655	63	22	further	far	ADV
fbem-27655	63	23	affect	affect	VERB
fbem-27655	63	24	china	china	PROPN
fbem-27655	63	25	's	's	PART
fbem-27655	63	26	housing	housing	NOUN
fbem-27655	63	27	prices	price	NOUN
fbem-27655	63	28	.	.	PUNCT
fbem-27655	64	1	3.4	3.4	NUM
fbem-27655	64	2	.	.	PUNCT
fbem-27655	64	3	consumer	consumer	NOUN
fbem-27655	64	4	confidence	confidence	NOUN
fbem-27655	64	5	channels	channel	NOUN
fbem-27655	64	6	under	under	ADP
fbem-27655	64	7	the	the	DET
fbem-27655	64	8	channel	channel	NOUN
fbem-27655	64	9	of	of	ADP
fbem-27655	64	10	consumer	consumer	NOUN
fbem-27655	64	11	confidence	confidence	NOUN
fbem-27655	64	12	,	,	PUNCT
fbem-27655	64	13	changes	change	NOUN
fbem-27655	64	14	of	of	ADP
fbem-27655	64	15	u.s	u.s	PROPN
fbem-27655	64	16	.	.	PROPN
fbem-27655	64	17	monetary	monetary	ADJ
fbem-27655	64	18	policy	policy	NOUN
fbem-27655	64	19	will	will	AUX
fbem-27655	64	20	significantly	significantly	ADV
fbem-27655	64	21	affect	affect	VERB
fbem-27655	64	22	consumers	consumer	NOUN
fbem-27655	64	23	'	'	PART
fbem-27655	64	24	expectations	expectation	NOUN
fbem-27655	64	25	of	of	ADP
fbem-27655	64	26	future	future	ADJ
fbem-27655	64	27	economic	economic	ADJ
fbem-27655	64	28	development	development	NOUN
fbem-27655	64	29	,	,	PUNCT
fbem-27655	64	30	thereby	thereby	ADV
fbem-27655	64	31	changing	change	VERB
fbem-27655	64	32	their	their	PRON
fbem-27655	64	33	consumption	consumption	NOUN
fbem-27655	64	34	and	and	CCONJ
fbem-27655	64	35	investment	investment	NOUN
fbem-27655	64	36	behavior	behavior	NOUN
fbem-27655	64	37	,	,	PUNCT
fbem-27655	64	38	and	and	CCONJ
fbem-27655	64	39	have	have	VERB
fbem-27655	64	40	a	a	DET
fbem-27655	64	41	substantial	substantial	ADJ
fbem-27655	64	42	impact	impact	NOUN
fbem-27655	64	43	on	on	ADP
fbem-27655	64	44	china	china	PROPN
fbem-27655	64	45	's	's	PART
fbem-27655	64	46	real	real	ADJ
fbem-27655	64	47	estate	estate	NOUN
fbem-27655	64	48	market	market	NOUN
fbem-27655	64	49	[	[	X
fbem-27655	64	50	1	1	NUM
fbem-27655	64	51	]	]	PUNCT
fbem-27655	64	52	.	.	PUNCT
fbem-27655	65	1	when	when	SCONJ
fbem-27655	65	2	the	the	DET
fbem-27655	65	3	fed	fed	PROPN
fbem-27655	65	4	announces	announce	VERB
fbem-27655	65	5	its	its	PRON
fbem-27655	65	6	interest	interest	NOUN
fbem-27655	65	7	rate	rate	NOUN
fbem-27655	65	8	hike	hike	NOUN
fbem-27655	65	9	policy	policy	NOUN
fbem-27655	65	10	,	,	PUNCT
fbem-27655	65	11	chinese	chinese	ADJ
fbem-27655	65	12	market	market	NOUN
fbem-27655	65	13	will	will	AUX
fbem-27655	65	14	have	have	VERB
fbem-27655	65	15	pessimistic	pessimistic	ADJ
fbem-27655	65	16	expectations	expectation	NOUN
fbem-27655	65	17	about	about	ADP
fbem-27655	65	18	the	the	DET
fbem-27655	65	19	future	future	ADJ
fbem-27655	65	20	economic	economic	ADJ
fbem-27655	65	21	conditions	condition	NOUN
fbem-27655	65	22	and	and	CCONJ
fbem-27655	65	23	the	the	DET
fbem-27655	65	24	outlook	outlook	NOUN
fbem-27655	65	25	for	for	ADP
fbem-27655	65	26	the	the	DET
fbem-27655	65	27	real	real	ADJ
fbem-27655	65	28	estate	estate	NOUN
fbem-27655	65	29	market	market	NOUN
fbem-27655	65	30	;	;	PUNCT
fbem-27655	65	31	therefore	therefore	ADV
fbem-27655	65	32	,	,	PUNCT
fbem-27655	65	33	the	the	DET
fbem-27655	65	34	outflow	outflow	NOUN
fbem-27655	65	35	of	of	ADP
fbem-27655	65	36	short	short	ADJ
fbem-27655	65	37	-	-	PUNCT
fbem-27655	65	38	term	term	NOUN
fbem-27655	65	39	capital	capital	NOUN
fbem-27655	65	40	from	from	ADP
fbem-27655	65	41	china	china	PROPN
fbem-27655	65	42	will	will	AUX
fbem-27655	65	43	accelerate	accelerate	VERB
fbem-27655	65	44	,	,	PUNCT
fbem-27655	65	45	leading	lead	VERB
fbem-27655	65	46	to	to	ADP
fbem-27655	65	47	tighter	tight	ADJ
fbem-27655	65	48	domestic	domestic	ADJ
fbem-27655	65	49	financial	financial	ADJ
fbem-27655	65	50	conditions	condition	NOUN
fbem-27655	65	51	and	and	CCONJ
fbem-27655	65	52	higher	high	ADJ
fbem-27655	65	53	financing	financing	NOUN
fbem-27655	65	54	costs	cost	NOUN
fbem-27655	65	55	.	.	PUNCT
fbem-27655	66	1	with	with	ADP
fbem-27655	66	2	the	the	DET
fbem-27655	66	3	credit	credit	NOUN
fbem-27655	66	4	crunch	crunch	NOUN
fbem-27655	66	5	and	and	CCONJ
fbem-27655	66	6	rising	rise	VERB
fbem-27655	66	7	interest	interest	NOUN
fbem-27655	66	8	rates	rate	NOUN
fbem-27655	66	9	on	on	ADP
fbem-27655	66	10	loans	loan	NOUN
fbem-27655	66	11	,	,	PUNCT
fbem-27655	66	12	the	the	DET
fbem-27655	66	13	cost	cost	NOUN
fbem-27655	66	14	of	of	ADP
fbem-27655	66	15	home	home	NOUN
fbem-27655	66	16	buying	buying	NOUN
fbem-27655	66	17	has	have	AUX
fbem-27655	66	18	increased	increase	VERB
fbem-27655	66	19	,	,	PUNCT
fbem-27655	66	20	dampening	dampen	VERB
fbem-27655	66	21	the	the	DET
fbem-27655	66	22	demand	demand	NOUN
fbem-27655	66	23	for	for	ADP
fbem-27655	66	24	home	home	NOUN
fbem-27655	66	25	purchases	purchase	NOUN
fbem-27655	66	26	.	.	PUNCT
fbem-27655	67	1	at	at	ADP
fbem-27655	67	2	the	the	DET
fbem-27655	67	3	same	same	ADJ
fbem-27655	67	4	time	time	NOUN
fbem-27655	67	5	,	,	PUNCT
fbem-27655	67	6	consumer	consumer	NOUN
fbem-27655	67	7	confidence	confidence	NOUN
fbem-27655	67	8	has	have	AUX
fbem-27655	67	9	suffered	suffer	VERB
fbem-27655	67	10	,	,	PUNCT
fbem-27655	67	11	and	and	CCONJ
fbem-27655	67	12	their	their	PRON
fbem-27655	67	13	expectations	expectation	NOUN
fbem-27655	67	14	for	for	ADP
fbem-27655	67	15	future	future	ADJ
fbem-27655	67	16	economic	economic	ADJ
fbem-27655	67	17	and	and	CCONJ
fbem-27655	67	18	income	income	NOUN
fbem-27655	67	19	growth	growth	NOUN
fbem-27655	67	20	have	have	AUX
fbem-27655	67	21	become	become	VERB
fbem-27655	67	22	pessimistic	pessimistic	ADJ
fbem-27655	67	23	,	,	PUNCT
fbem-27655	67	24	and	and	CCONJ
fbem-27655	67	25	they	they	PRON
fbem-27655	67	26	are	be	AUX
fbem-27655	67	27	more	more	ADV
fbem-27655	67	28	cautious	cautious	ADJ
fbem-27655	67	29	about	about	ADP
fbem-27655	67	30	spending	spend	VERB
fbem-27655	67	31	large	large	ADJ
fbem-27655	67	32	amount	amount	NOUN
fbem-27655	67	33	of	of	ADP
fbem-27655	67	34	money	money	NOUN
fbem-27655	67	35	.	.	PUNCT
fbem-27655	68	1	expecting	expect	VERB
fbem-27655	68	2	home	home	NOUN
fbem-27655	68	3	prices	price	NOUN
fbem-27655	68	4	to	to	PART
fbem-27655	68	5	fall	fall	VERB
fbem-27655	68	6	,	,	PUNCT
fbem-27655	68	7	potential	potential	ADJ
fbem-27655	68	8	buyers	buyer	NOUN
fbem-27655	68	9	may	may	AUX
fbem-27655	68	10	postpone	postpone	VERB
fbem-27655	68	11	or	or	CCONJ
fbem-27655	68	12	cancel	cancel	VERB
fbem-27655	68	13	their	their	PRON
fbem-27655	68	14	home	home	NOUN
fbem-27655	68	15	buying	buying	NOUN
fbem-27655	68	16	plans	plan	NOUN
fbem-27655	68	17	,	,	PUNCT
fbem-27655	68	18	and	and	CCONJ
fbem-27655	68	19	existing	exist	VERB
fbem-27655	68	20	homeowners	homeowner	NOUN
fbem-27655	68	21	may	may	AUX
fbem-27655	68	22	also	also	ADV
fbem-27655	68	23	lose	lose	VERB
fbem-27655	68	24	confidence	confidence	NOUN
fbem-27655	68	25	in	in	ADP
fbem-27655	68	26	real	real	ADJ
fbem-27655	68	27	estate	estate	NOUN
fbem-27655	68	28	investments	investment	NOUN
fbem-27655	68	29	,	,	PUNCT
fbem-27655	68	30	causing	cause	VERB
fbem-27655	68	31	house	house	NOUN
fbem-27655	68	32	prices	price	NOUN
fbem-27655	68	33	to	to	PART
fbem-27655	68	34	actually	actually	ADV
fbem-27655	68	35	fall	fall	VERB
fbem-27655	68	36	,	,	PUNCT
fbem-27655	68	37	which	which	PRON
fbem-27655	68	38	is	be	AUX
fbem-27655	68	39	a	a	DET
fbem-27655	68	40	self	self	NOUN
fbem-27655	68	41	-	-	PUNCT
fbem-27655	68	42	fulfilling	fulfil	VERB
fbem-27655	68	43	prophecy	prophecy	NOUN
fbem-27655	68	44	.	.	PUNCT
fbem-27655	69	1	however	however	ADV
fbem-27655	69	2	,	,	PUNCT
fbem-27655	69	3	changes	change	NOUN
fbem-27655	69	4	in	in	ADP
fbem-27655	69	5	real	real	ADJ
fbem-27655	69	6	estate	estate	NOUN
fbem-27655	69	7	asset	asset	NOUN
fbem-27655	69	8	prices	price	NOUN
fbem-27655	69	9	are	be	AUX
fbem-27655	69	10	often	often	ADV
fbem-27655	69	11	caused	cause	VERB
fbem-27655	69	12	by	by	ADP
fbem-27655	69	13	many	many	ADJ
fbem-27655	69	14	factors	factor	NOUN
fbem-27655	69	15	,	,	PUNCT
fbem-27655	69	16	and	and	CCONJ
fbem-27655	69	17	only	only	ADV
fbem-27655	69	18	a	a	DET
fbem-27655	69	19	few	few	ADJ
fbem-27655	69	20	of	of	ADP
fbem-27655	69	21	the	the	DET
fbem-27655	69	22	more	more	ADV
fbem-27655	69	23	representative	representative	ADJ
fbem-27655	69	24	transmission	transmission	NOUN
fbem-27655	69	25	channels	channel	NOUN
fbem-27655	69	26	have	have	AUX
fbem-27655	69	27	been	be	AUX
fbem-27655	69	28	selected	select	VERB
fbem-27655	69	29	in	in	ADP
fbem-27655	69	30	this	this	DET
fbem-27655	69	31	topic	topic	NOUN
fbem-27655	69	32	,	,	PUNCT
fbem-27655	69	33	but	but	CCONJ
fbem-27655	69	34	in	in	ADP
fbem-27655	69	35	fact	fact	NOUN
fbem-27655	69	36	,	,	PUNCT
fbem-27655	69	37	the	the	DET
fbem-27655	69	38	transmission	transmission	NOUN
fbem-27655	69	39	shocks	shock	NOUN
fbem-27655	69	40	of	of	ADP
fbem-27655	69	41	u.s	u.s	PROPN
fbem-27655	69	42	.	.	PROPN
fbem-27655	69	43	monetary	monetary	ADJ
fbem-27655	69	44	policy	policy	NOUN
fbem-27655	69	45	on	on	ADP
fbem-27655	69	46	china	china	PROPN
fbem-27655	69	47	's	's	PART
fbem-27655	69	48	real	real	ADJ
fbem-27655	69	49	estate	estate	NOUN
fbem-27655	69	50	asset	asset	NOUN
fbem-27655	69	51	prices	price	NOUN
fbem-27655	69	52	extents	extent	VERB
fbem-27655	69	53	far	far	ADV
fbem-27655	69	54	more	more	ADJ
fbem-27655	69	55	than	than	ADP
fbem-27655	69	56	these	these	DET
fbem-27655	69	57	channels	channel	NOUN
fbem-27655	69	58	mentioned	mention	VERB
fbem-27655	69	59	in	in	ADP
fbem-27655	69	60	the	the	DET
fbem-27655	69	61	paper	paper	NOUN
fbem-27655	69	62	.	.	PUNCT
fbem-27655	70	1	at	at	ADP
fbem-27655	70	2	the	the	DET
fbem-27655	70	3	same	same	ADJ
fbem-27655	70	4	time	time	NOUN
fbem-27655	70	5	,	,	PUNCT
fbem-27655	70	6	the	the	DET
fbem-27655	70	7	impact	impact	NOUN
fbem-27655	70	8	of	of	ADP
fbem-27655	70	9	each	each	DET
fbem-27655	70	10	channel	channel	NOUN
fbem-27655	70	11	on	on	ADP
fbem-27655	70	12	the	the	DET
fbem-27655	70	13	housing	housing	NOUN
fbem-27655	70	14	price	price	NOUN
fbem-27655	70	15	is	be	AUX
fbem-27655	70	16	not	not	PART
fbem-27655	70	17	unilateral	unilateral	ADJ
fbem-27655	70	18	;	;	PUNCT
fbem-27655	70	19	the	the	DET
fbem-27655	70	20	price	price	NOUN
fbem-27655	70	21	trend	trend	NOUN
fbem-27655	70	22	of	of	ADP
fbem-27655	70	23	real	real	ADJ
fbem-27655	70	24	estate	estate	NOUN
fbem-27655	70	25	will	will	AUX
fbem-27655	70	26	in	in	ADP
fbem-27655	70	27	turn	turn	NOUN
fbem-27655	70	28	affect	affect	VERB
fbem-27655	70	29	the	the	DET
fbem-27655	70	30	channels	channel	NOUN
fbem-27655	70	31	analyzed	analyze	VERB
fbem-27655	70	32	in	in	ADP
fbem-27655	70	33	this	this	DET
fbem-27655	70	34	paper	paper	NOUN
fbem-27655	70	35	.	.	PUNCT
fbem-27655	71	1	4	4	X
fbem-27655	71	2	.	.	X
fbem-27655	71	3	empirical	empirical	ADJ
fbem-27655	71	4	analysis	analysis	NOUN
fbem-27655	71	5	4.1	4.1	NUM
fbem-27655	71	6	.	.	PUNCT
fbem-27655	72	1	sample	sample	NOUN
fbem-27655	72	2	selection	selection	NOUN
fbem-27655	72	3	and	and	CCONJ
fbem-27655	72	4	data	datum	NOUN
fbem-27655	72	5	description	description	NOUN
fbem-27655	72	6	this	this	DET
fbem-27655	72	7	paper	paper	NOUN
fbem-27655	72	8	uses	use	VERB
fbem-27655	72	9	the	the	DET
fbem-27655	72	10	monthly	monthly	ADJ
fbem-27655	72	11	data	datum	NOUN
fbem-27655	72	12	from	from	ADP
fbem-27655	72	13	january	january	PROPN
fbem-27655	72	14	2016	2016	NUM
fbem-27655	72	15	to	to	ADP
fbem-27655	72	16	april	april	PROPN
fbem-27655	72	17	2024	2024	NUM
fbem-27655	72	18	as	as	ADP
fbem-27655	72	19	the	the	DET
fbem-27655	72	20	sample	sample	NOUN
fbem-27655	72	21	range	range	NOUN
fbem-27655	72	22	.	.	PUNCT
fbem-27655	73	1	this	this	DET
fbem-27655	73	2	period	period	NOUN
fbem-27655	73	3	includes	include	VERB
fbem-27655	73	4	the	the	DET
fbem-27655	73	5	two	two	NUM
fbem-27655	73	6	rounds	round	NOUN
fbem-27655	73	7	of	of	ADP
fbem-27655	73	8	federal	federal	PROPN
fbem-27655	73	9	reserve	reserve	PROPN
fbem-27655	73	10	’s	’s	PART
fbem-27655	73	11	interest	interest	NOUN
fbem-27655	73	12	rate	rate	NOUN
fbem-27655	73	13	hikes	hike	NOUN
fbem-27655	73	14	in	in	ADP
fbem-27655	73	15	december	december	PROPN
fbem-27655	73	16	2015	2015	NUM
fbem-27655	73	17	and	and	CCONJ
fbem-27655	73	18	march	march	PROPN
fbem-27655	73	19	2022	2022	NUM
fbem-27655	73	20	,	,	PUNCT
fbem-27655	73	21	which	which	PRON
fbem-27655	73	22	is	be	AUX
fbem-27655	73	23	helpful	helpful	ADJ
fbem-27655	73	24	for	for	ADP
fbem-27655	73	25	studying	study	VERB
fbem-27655	73	26	the	the	DET
fbem-27655	73	27	influence	influence	NOUN
fbem-27655	73	28	of	of	ADP
fbem-27655	73	29	the	the	DET
fbem-27655	73	30	u.s	u.s	PROPN
fbem-27655	73	31	.	.	PROPN
fbem-27655	73	32	monetary	monetary	ADJ
fbem-27655	73	33	policy	policy	NOUN
fbem-27655	73	34	,	,	PUNCT
fbem-27655	73	35	especially	especially	ADV
fbem-27655	73	36	the	the	DET
fbem-27655	73	37	contractionary	contractionary	ADJ
fbem-27655	73	38	monetary	monetary	ADJ
fbem-27655	73	39	policy	policy	NOUN
fbem-27655	73	40	,	,	PUNCT
fbem-27655	73	41	on	on	ADP
fbem-27655	73	42	china	china	PROPN
fbem-27655	73	43	's	's	PART
fbem-27655	73	44	real	real	ADJ
fbem-27655	73	45	estate	estate	NOUN
fbem-27655	73	46	prices	price	NOUN
fbem-27655	73	47	.	.	PUNCT
fbem-27655	74	1	variables	variable	NOUN
fbem-27655	74	2	used	use	VERB
fbem-27655	74	3	in	in	ADP
fbem-27655	74	4	this	this	DET
fbem-27655	74	5	paper	paper	NOUN
fbem-27655	74	6	include	include	VERB
fbem-27655	74	7	:	:	PUNCT
fbem-27655	74	8	the	the	DET
fbem-27655	74	9	year	year	NOUN
fbem-27655	74	10	-	-	PUNCT
fbem-27655	74	11	on	on	ADP
fbem-27655	74	12	-	-	PUNCT
fbem-27655	74	13	year	year	NOUN
fbem-27655	74	14	data	datum	NOUN
fbem-27655	74	15	of	of	ADP
fbem-27655	74	16	the	the	DET
fbem-27655	74	17	newly	newly	ADV
fbem-27655	74	18	constructed	construct	VERB
fbem-27655	74	19	residential	residential	ADJ
fbem-27655	74	20	housing	housing	NOUN
fbem-27655	74	21	price	price	NOUN
fbem-27655	74	22	index	index	NOUN
fbem-27655	74	23	of	of	ADP
fbem-27655	74	24	70	70	NUM
fbem-27655	74	25	large	large	ADJ
fbem-27655	74	26	and	and	CCONJ
fbem-27655	74	27	medium	medium	ADJ
fbem-27655	74	28	-	-	PUNCT
fbem-27655	74	29	sized	sized	ADJ
fbem-27655	74	30	cities	city	NOUN
fbem-27655	74	31	to	to	PART
fbem-27655	74	32	represent	represent	VERB
fbem-27655	74	33	the	the	DET
fbem-27655	74	34	housing	housing	NOUN
fbem-27655	74	35	price	price	NOUN
fbem-27655	74	36	144	144	NUM
fbem-27655	74	37	(	(	PUNCT
fbem-27655	74	38	hp	hp	PROPN
fbem-27655	74	39	)	)	PUNCT
fbem-27655	74	40	,	,	PUNCT
fbem-27655	74	41	u.s	u.s	PROPN
fbem-27655	74	42	.	.	PROPN
fbem-27655	74	43	federal	federal	ADJ
fbem-27655	74	44	funds	fund	NOUN
fbem-27655	74	45	effective	effective	ADJ
fbem-27655	74	46	rate	rate	NOUN
fbem-27655	74	47	(	(	PUNCT
fbem-27655	74	48	ffer	ffer	NOUN
fbem-27655	74	49	)	)	PUNCT
fbem-27655	74	50	,	,	PUNCT
fbem-27655	74	51	china	china	PROPN
fbem-27655	74	52	's	's	PART
fbem-27655	74	53	loan	loan	NOUN
fbem-27655	74	54	prime	prime	NOUN
fbem-27655	74	55	rate	rate	NOUN
fbem-27655	74	56	(	(	PUNCT
fbem-27655	74	57	lpr	lpr	PROPN
fbem-27655	74	58	)	)	PUNCT
fbem-27655	74	59	,	,	PUNCT
fbem-27655	74	60	the	the	DET
fbem-27655	74	61	exchange	exchange	NOUN
fbem-27655	74	62	rate	rate	NOUN
fbem-27655	74	63	of	of	ADP
fbem-27655	74	64	chinese	chinese	ADJ
fbem-27655	74	65	yuan	yuan	PROPN
fbem-27655	74	66	against	against	ADP
fbem-27655	74	67	us	us	PROPN
fbem-27655	74	68	dollar	dollar	NOUN
fbem-27655	74	69	(	(	PUNCT
fbem-27655	74	70	exr	exr	PROPN
fbem-27655	74	71	)	)	PUNCT
fbem-27655	74	72	,	,	PUNCT
fbem-27655	74	73	the	the	DET
fbem-27655	74	74	stock	stock	NOUN
fbem-27655	74	75	csi	csi	PROPN
fbem-27655	74	76	300	300	NUM
fbem-27655	74	77	index	index	NOUN
fbem-27655	74	78	(	(	PUNCT
fbem-27655	74	79	csi300	csi300	PROPN
fbem-27655	74	80	)	)	PUNCT
fbem-27655	74	81	,	,	PUNCT
fbem-27655	74	82	and	and	CCONJ
fbem-27655	74	83	the	the	DET
fbem-27655	74	84	consumer	consumer	NOUN
fbem-27655	74	85	confidence	confidence	NOUN
fbem-27655	74	86	index	index	NOUN
fbem-27655	74	87	(	(	PUNCT
fbem-27655	74	88	cci	cci	PROPN
fbem-27655	74	89	)	)	PUNCT
fbem-27655	74	90	.	.	PUNCT
fbem-27655	75	1	the	the	DET
fbem-27655	75	2	data	data	NOUN
fbem-27655	75	3	comes	come	VERB
fbem-27655	75	4	from	from	ADP
fbem-27655	75	5	the	the	DET
fbem-27655	75	6	china	china	PROPN
fbem-27655	75	7	economy	economy	PROPN
fbem-27655	75	8	information	information	PROPN
fbem-27655	75	9	net	net	ADJ
fbem-27655	75	10	statistics	statistic	NOUN
fbem-27655	75	11	database	database	NOUN
fbem-27655	75	12	;	;	PUNCT
fbem-27655	75	13	the	the	DET
fbem-27655	75	14	ffer	ffer	NOUN
fbem-27655	75	15	data	datum	NOUN
fbem-27655	75	16	comes	come	VERB
fbem-27655	75	17	from	from	ADP
fbem-27655	75	18	feds	fed	NOUN
fbem-27655	75	19	’	'	PUNCT
fbem-27655	75	20	official	official	ADJ
fbem-27655	75	21	website	website	NOUN
fbem-27655	75	22	,	,	PUNCT
fbem-27655	75	23	and	and	CCONJ
fbem-27655	75	24	the	the	DET
fbem-27655	75	25	measurement	measurement	NOUN
fbem-27655	75	26	software	software	NOUN
fbem-27655	75	27	used	use	VERB
fbem-27655	75	28	is	be	AUX
fbem-27655	75	29	stata	stata	ADJ
fbem-27655	75	30	16	16	NUM
fbem-27655	75	31	.	.	PUNCT
fbem-27655	76	1	the	the	DET
fbem-27655	76	2	descriptive	descriptive	ADJ
fbem-27655	76	3	statistics	statistic	NOUN
fbem-27655	76	4	for	for	ADP
fbem-27655	76	5	each	each	DET
fbem-27655	76	6	variable	variable	NOUN
fbem-27655	76	7	are	be	AUX
fbem-27655	76	8	shown	show	VERB
fbem-27655	76	9	in	in	ADP
fbem-27655	76	10	table	table	NOUN
fbem-27655	76	11	1	1	NUM
fbem-27655	76	12	:	:	PUNCT
fbem-27655	76	13	table	table	NOUN
fbem-27655	76	14	1	1	NUM
fbem-27655	76	15	.	.	PUNCT
fbem-27655	76	16	descriptive	descriptive	ADJ
fbem-27655	76	17	statistics	statistic	NOUN
fbem-27655	76	18	of	of	ADP
fbem-27655	76	19	each	each	DET
fbem-27655	76	20	variable	variable	ADJ
fbem-27655	76	21	4.2	4.2	NUM
fbem-27655	76	22	.	.	PUNCT
fbem-27655	77	1	establishment	establishment	NOUN
fbem-27655	77	2	and	and	CCONJ
fbem-27655	77	3	empirical	empirical	ADJ
fbem-27655	77	4	results	result	NOUN
fbem-27655	77	5	of	of	ADP
fbem-27655	77	6	var	var	NOUN
fbem-27655	77	7	model	model	NOUN
fbem-27655	77	8	this	this	DET
fbem-27655	77	9	paper	paper	NOUN
fbem-27655	77	10	uses	use	VERB
fbem-27655	77	11	one	one	NUM
fbem-27655	77	12	of	of	ADP
fbem-27655	77	13	the	the	DET
fbem-27655	77	14	classical	classical	ADJ
fbem-27655	77	15	models	model	NOUN
fbem-27655	77	16	for	for	ADP
fbem-27655	77	17	analyzing	analyze	VERB
fbem-27655	77	18	monetary	monetary	ADJ
fbem-27655	77	19	policy	policy	NOUN
fbem-27655	77	20	spillovers	spillover	NOUN
fbem-27655	77	21	,	,	PUNCT
fbem-27655	77	22	the	the	DET
fbem-27655	77	23	vector	vector	NOUN
fbem-27655	77	24	autoregression	autoregression	NOUN
fbem-27655	77	25	model	model	NOUN
fbem-27655	77	26	(	(	PUNCT
fbem-27655	77	27	var	var	NOUN
fbem-27655	77	28	)	)	PUNCT
fbem-27655	77	29	,	,	PUNCT
fbem-27655	77	30	to	to	PART
fbem-27655	77	31	analyze	analyze	VERB
fbem-27655	77	32	the	the	DET
fbem-27655	77	33	influence	influence	NOUN
fbem-27655	77	34	of	of	ADP
fbem-27655	77	35	the	the	DET
fbem-27655	77	36	u.s	u.s	PROPN
fbem-27655	77	37	.	.	PROPN
fbem-27655	77	38	monetary	monetary	ADJ
fbem-27655	77	39	policy	policy	NOUN
fbem-27655	77	40	on	on	ADP
fbem-27655	77	41	china	china	PROPN
fbem-27655	77	42	's	's	PART
fbem-27655	77	43	housing	housing	NOUN
fbem-27655	77	44	prices	price	NOUN
fbem-27655	77	45	.	.	PUNCT
fbem-27655	78	1	suppose	suppose	VERB
fbem-27655	78	2	there	there	PRON
fbem-27655	78	3	are	be	VERB
fbem-27655	78	4	k	k	PROPN
fbem-27655	78	5	time	time	PROPN
fbem-27655	78	6	series	series	PROPN
fbem-27655	78	7	variables	variable	VERB
fbem-27655	78	8	𝑦1,𝑦2	𝑦1,𝑦2	PROPN
fbem-27655	78	9	....	....	PUNCT
fbem-27655	78	10	,	,	PUNCT
fbem-27655	78	11	𝑦𝑘	𝑦𝑘	INTJ
fbem-27655	78	12	,	,	PUNCT
fbem-27655	78	13	var	var	NOUN
fbem-27655	78	14	model	model	NOUN
fbem-27655	78	15	can	can	AUX
fbem-27655	78	16	be	be	AUX
fbem-27655	78	17	expressed	express	VERB
fbem-27655	78	18	as	as	ADP
fbem-27655	78	19	:	:	PUNCT
fbem-27655	78	20	𝑦𝑡	𝑦𝑡	PROPN
fbem-27655	78	21	=	=	SYM
fbem-27655	78	22	𝑐	𝑐	PROPN
fbem-27655	78	23	+	+	PUNCT
fbem-27655	78	24	𝐴1𝑦𝑡−1	𝐴1𝑦𝑡−1	ADJ
fbem-27655	79	1	+	+	SYM
fbem-27655	79	2	𝐴2𝑦𝑡−2	𝐴2𝑦𝑡−2	ADV
fbem-27655	79	3	+	+	CCONJ
fbem-27655	79	4	⋯	⋯	PROPN
fbem-27655	79	5	+	+	CCONJ
fbem-27655	79	6	𝐴𝑝𝑦(𝑡−𝑝	𝐴𝑝𝑦(𝑡−𝑝	NUM
fbem-27655	79	7	)	)	PUNCT
fbem-27655	80	1	+	+	CCONJ
fbem-27655	80	2	𝜀𝑡	𝜀𝑡	NOUN
fbem-27655	80	3	(	(	PUNCT
fbem-27655	80	4	1	1	NUM
fbem-27655	80	5	)	)	PUNCT
fbem-27655	80	6	where	where	SCONJ
fbem-27655	80	7	c	c	NOUN
fbem-27655	80	8	is	be	AUX
fbem-27655	80	9	the	the	DET
fbem-27655	80	10	constant	constant	ADJ
fbem-27655	80	11	term	term	NOUN
fbem-27655	80	12	of	of	ADP
fbem-27655	80	13	k*1	k*1	NOUN
fbem-27655	80	14	,	,	PUNCT
fbem-27655	80	15	𝜀𝑡	𝜀𝑡	NOUN
fbem-27655	80	16	is	be	AUX
fbem-27655	80	17	the	the	DET
fbem-27655	80	18	error	error	NOUN
fbem-27655	80	19	vector	vector	NOUN
fbem-27655	80	20	of	of	ADP
fbem-27655	80	21	k*1	k*1	PROPN
fbem-27655	80	22	,	,	PUNCT
fbem-27655	80	23	and	and	CCONJ
fbem-27655	80	24	𝐴𝑖	𝐴𝑖	PROPN
fbem-27655	80	25	is	be	AUX
fbem-27655	80	26	the	the	DET
fbem-27655	80	27	coefficient	coefficient	NOUN
fbem-27655	80	28	matrix	matrix	NOUN
fbem-27655	80	29	of	of	ADP
fbem-27655	80	30	k*k	k*k	PROPN
fbem-27655	80	31	.	.	PUNCT
fbem-27655	81	1	next	next	ADJ
fbem-27655	81	2	,	,	PUNCT
fbem-27655	81	3	six	six	NUM
fbem-27655	81	4	variables	variable	NOUN
fbem-27655	81	5	of	of	ADP
fbem-27655	81	6	hp	hp	NOUN
fbem-27655	81	7	,	,	PUNCT
fbem-27655	81	8	ffer	ffer	NOUN
fbem-27655	81	9	,	,	PUNCT
fbem-27655	81	10	lpr	lpr	PROPN
fbem-27655	81	11	,	,	PUNCT
fbem-27655	81	12	exr	exr	PROPN
fbem-27655	81	13	,	,	PUNCT
fbem-27655	81	14	csi300	csi300	VERB
fbem-27655	81	15	and	and	CCONJ
fbem-27655	81	16	cci	cci	PROPN
fbem-27655	81	17	will	will	AUX
fbem-27655	81	18	be	be	AUX
fbem-27655	81	19	brought	bring	VERB
fbem-27655	81	20	into	into	ADP
fbem-27655	81	21	the	the	DET
fbem-27655	81	22	var	var	NOUN
fbem-27655	81	23	model	model	NOUN
fbem-27655	81	24	,	,	PUNCT
fbem-27655	81	25	and	and	CCONJ
fbem-27655	81	26	the	the	DET
fbem-27655	81	27	impulse	impulse	ADJ
fbem-27655	81	28	response	response	NOUN
fbem-27655	81	29	analysis	analysis	NOUN
fbem-27655	81	30	and	and	CCONJ
fbem-27655	81	31	variance	variance	NOUN
fbem-27655	81	32	decomposition	decomposition	NOUN
fbem-27655	81	33	will	will	AUX
fbem-27655	81	34	be	be	AUX
fbem-27655	81	35	carried	carry	VERB
fbem-27655	81	36	out	out	ADP
fbem-27655	81	37	.	.	PUNCT
fbem-27655	82	1	firstly	firstly	ADV
fbem-27655	82	2	,	,	PUNCT
fbem-27655	82	3	the	the	DET
fbem-27655	82	4	adf	adf	PROPN
fbem-27655	82	5	unit	unit	NOUN
fbem-27655	82	6	root	root	PROPN
fbem-27655	82	7	test	test	NOUN
fbem-27655	82	8	is	be	AUX
fbem-27655	82	9	performed	perform	VERB
fbem-27655	82	10	on	on	ADP
fbem-27655	82	11	the	the	DET
fbem-27655	82	12	six	six	NUM
fbem-27655	82	13	variables	variable	NOUN
fbem-27655	82	14	,	,	PUNCT
fbem-27655	82	15	and	and	CCONJ
fbem-27655	82	16	it	it	PRON
fbem-27655	82	17	is	be	AUX
fbem-27655	82	18	found	find	VERB
fbem-27655	82	19	that	that	SCONJ
fbem-27655	82	20	all	all	DET
fbem-27655	82	21	the	the	DET
fbem-27655	82	22	original	original	ADJ
fbem-27655	82	23	data	datum	NOUN
fbem-27655	82	24	are	be	AUX
fbem-27655	82	25	not	not	PART
fbem-27655	82	26	stationary	stationary	ADJ
fbem-27655	82	27	,	,	PUNCT
fbem-27655	82	28	but	but	CCONJ
fbem-27655	82	29	they	they	PRON
fbem-27655	82	30	are	be	AUX
fbem-27655	82	31	stable	stable	ADJ
fbem-27655	82	32	in	in	ADP
fbem-27655	82	33	the	the	DET
fbem-27655	82	34	state	state	NOUN
fbem-27655	82	35	of	of	ADP
fbem-27655	82	36	first	first	ADJ
fbem-27655	82	37	-	-	PUNCT
fbem-27655	82	38	order	order	NOUN
fbem-27655	82	39	difference	difference	NOUN
fbem-27655	82	40	,	,	PUNCT
fbem-27655	82	41	and	and	CCONJ
fbem-27655	82	42	the	the	DET
fbem-27655	82	43	results	result	NOUN
fbem-27655	82	44	are	be	AUX
fbem-27655	82	45	shown	show	VERB
fbem-27655	82	46	in	in	ADP
fbem-27655	82	47	table	table	NOUN
fbem-27655	82	48	2	2	NUM
fbem-27655	82	49	:	:	PUNCT
fbem-27655	82	50	table	table	NOUN
fbem-27655	82	51	2	2	NUM
fbem-27655	82	52	.	.	PUNCT
fbem-27655	83	1	adf	adf	NOUN
fbem-27655	83	2	test	test	NOUN
fbem-27655	83	3	table	table	NOUN
fbem-27655	83	4	after	after	ADP
fbem-27655	83	5	first	first	ADJ
fbem-27655	83	6	-	-	PUNCT
fbem-27655	83	7	order	order	NOUN
fbem-27655	83	8	difference	difference	NOUN
fbem-27655	83	9	variables	variable	NOUN
fbem-27655	83	10	t	t	PROPN
fbem-27655	83	11	statistic	statistic	NOUN
fbem-27655	83	12	1	1	NUM
fbem-27655	83	13	%	%	NOUN
fbem-27655	83	14	critical	critical	ADJ
fbem-27655	83	15	value	value	NOUN
fbem-27655	83	16	5	5	NUM
fbem-27655	83	17	%	%	NOUN
fbem-27655	83	18	critical	critical	ADJ
fbem-27655	83	19	value	value	NOUN
fbem-27655	83	20	10	10	NUM
fbem-27655	83	21	%	%	NOUN
fbem-27655	83	22	critical	critical	ADJ
fbem-27655	83	23	value	value	NOUN
fbem-27655	83	24	dhp	dhp	PROPN
fbem-27655	83	25	-7.766	-7.766	PROPN
fbem-27655	83	26	-3.513	-3.513	PROPN
fbem-27655	83	27	-2.892	-2.892	X
fbem-27655	83	28	-2.581	-2.581	X
fbem-27655	83	29	dffer	dffer	NOUN
fbem-27655	83	30	-4.591	-4.591	PUNCT
fbem-27655	83	31	-3.513	-3.513	X
fbem-27655	83	32	-2.892	-2.892	X
fbem-27655	83	33	-2.581	-2.581	ADJ
fbem-27655	83	34	dlpr	dlpr	PROPN
fbem-27655	83	35	-10.313	-10.313	PROPN
fbem-27655	83	36	-3.513	-3.513	PROPN
fbem-27655	83	37	-2.892	-2.892	X
fbem-27655	83	38	-2.581	-2.581	PUNCT
fbem-27655	84	1	dexr	dexr	PROPN
fbem-27655	84	2	-5.894	-5.894	PUNCT
fbem-27655	84	3	-3.513	-3.513	PROPN
fbem-27655	84	4	-2.892	-2.892	X
fbem-27655	84	5	-2.581	-2.581	X
fbem-27655	84	6	dcci	dcci	PROPN
fbem-27655	84	7	-9.169	-9.169	PUNCT
fbem-27655	84	8	-3.513	-3.513	PROPN
fbem-27655	84	9	-2.892	-2.892	X
fbem-27655	84	10	-2.581	-2.581	PUNCT
fbem-27655	85	1	dcsi300	dcsi300	INTJ
fbem-27655	85	2	-9.701	-9.701	NUM
fbem-27655	85	3	-3.513	-3.513	X
fbem-27655	85	4	-2.892	-2.892	X
fbem-27655	85	5	-2.581	-2.581	ADJ
fbem-27655	85	6	at	at	ADP
fbem-27655	85	7	the	the	DET
fbem-27655	85	8	same	same	ADJ
fbem-27655	85	9	time	time	NOUN
fbem-27655	85	10	,	,	PUNCT
fbem-27655	85	11	the	the	DET
fbem-27655	85	12	cointegration	cointegration	NOUN
fbem-27655	85	13	test	test	NOUN
fbem-27655	85	14	of	of	ADP
fbem-27655	85	15	the	the	DET
fbem-27655	85	16	variables	variable	NOUN
fbem-27655	85	17	was	be	AUX
fbem-27655	85	18	carried	carry	VERB
fbem-27655	85	19	out	out	ADP
fbem-27655	85	20	,	,	PUNCT
fbem-27655	85	21	where	where	SCONJ
fbem-27655	85	22	the	the	DET
fbem-27655	85	23	six	six	NUM
fbem-27655	85	24	variables	variable	NOUN
fbem-27655	85	25	show	show	VERB
fbem-27655	85	26	a	a	DET
fbem-27655	85	27	long	long	ADJ
fbem-27655	85	28	-	-	PUNCT
fbem-27655	85	29	term	term	NOUN
fbem-27655	85	30	stable	stable	ADJ
fbem-27655	85	31	relationship	relationship	NOUN
fbem-27655	85	32	.	.	PUNCT
fbem-27655	86	1	next	next	ADV
fbem-27655	86	2	,	,	PUNCT
fbem-27655	86	3	the	the	DET
fbem-27655	86	4	optimal	optimal	ADJ
fbem-27655	86	5	lag	lag	NOUN
fbem-27655	86	6	order	order	NOUN
fbem-27655	86	7	of	of	ADP
fbem-27655	86	8	the	the	DET
fbem-27655	86	9	var	var	NOUN
fbem-27655	86	10	model	model	NOUN
fbem-27655	86	11	should	should	AUX
fbem-27655	86	12	be	be	AUX
fbem-27655	86	13	determined	determine	VERB
fbem-27655	86	14	before	before	ADP
fbem-27655	86	15	the	the	DET
fbem-27655	86	16	model	model	NOUN
fbem-27655	86	17	coefficient	coefficient	NOUN
fbem-27655	86	18	estimation	estimation	NOUN
fbem-27655	86	19	and	and	CCONJ
fbem-27655	86	20	analysis	analysis	NOUN
fbem-27655	86	21	.	.	PUNCT
fbem-27655	87	1	table	table	NOUN
fbem-27655	87	2	3	3	NUM
fbem-27655	87	3	.	.	X
fbem-27655	88	1	optimal	optimal	ADJ
fbem-27655	88	2	lag	lag	NOUN
fbem-27655	88	3	order	order	NOUN
fbem-27655	88	4	test	test	NOUN
fbem-27655	88	5	as	as	SCONJ
fbem-27655	88	6	can	can	AUX
fbem-27655	88	7	be	be	AUX
fbem-27655	88	8	seen	see	VERB
fbem-27655	88	9	from	from	ADP
fbem-27655	88	10	table	table	NOUN
fbem-27655	88	11	3	3	NUM
fbem-27655	88	12	above	above	ADV
fbem-27655	88	13	,	,	PUNCT
fbem-27655	88	14	according	accord	VERB
fbem-27655	88	15	to	to	ADP
fbem-27655	88	16	the	the	DET
fbem-27655	88	17	results	result	NOUN
fbem-27655	88	18	of	of	ADP
fbem-27655	88	19	lr	lr	NOUN
fbem-27655	88	20	criterion	criterion	NOUN
fbem-27655	88	21	,	,	PUNCT
fbem-27655	88	22	fpe	fpe	NOUN
fbem-27655	88	23	criterion	criterion	NOUN
fbem-27655	88	24	,	,	PUNCT
fbem-27655	88	25	and	and	CCONJ
fbem-27655	88	26	aic	aic	PROPN
fbem-27655	88	27	information	information	NOUN
fbem-27655	88	28	flow	flow	NOUN
fbem-27655	88	29	criterion	criterion	NOUN
fbem-27655	88	30	,	,	PUNCT
fbem-27655	88	31	the	the	DET
fbem-27655	88	32	optimal	optimal	ADJ
fbem-27655	88	33	lag	lag	NOUN
fbem-27655	88	34	order	order	NOUN
fbem-27655	88	35	is	be	AUX
fbem-27655	88	36	lag	lag	NOUN
fbem-27655	88	37	3	3	NUM
fbem-27655	88	38	.	.	PUNCT
fbem-27655	88	39	using	use	VERB
fbem-27655	88	40	the	the	DET
fbem-27655	88	41	optimal	optimal	ADJ
fbem-27655	88	42	lag	lag	NOUN
fbem-27655	88	43	order	order	NOUN
fbem-27655	88	44	of	of	ADP
fbem-27655	88	45	lag	lag	NOUN
fbem-27655	88	46	3	3	NUM
fbem-27655	88	47	,	,	PUNCT
fbem-27655	88	48	the	the	DET
fbem-27655	88	49	stability	stability	NOUN
fbem-27655	88	50	of	of	ADP
fbem-27655	88	51	the	the	DET
fbem-27655	88	52	constructed	construct	VERB
fbem-27655	88	53	var	var	NOUN
fbem-27655	88	54	model	model	NOUN
fbem-27655	88	55	is	be	AUX
fbem-27655	88	56	tested	test	VERB
fbem-27655	88	57	by	by	ADP
fbem-27655	88	58	using	use	VERB
fbem-27655	88	59	the	the	DET
fbem-27655	88	60	unit	unit	NOUN
fbem-27655	88	61	circle	circle	NOUN
fbem-27655	88	62	test	test	NOUN
fbem-27655	88	63	method	method	NOUN
fbem-27655	88	64	.	.	PUNCT
fbem-27655	89	1	the	the	DET
fbem-27655	89	2	unit	unit	NOUN
fbem-27655	89	3	roots	root	NOUN
fbem-27655	89	4	of	of	ADP
fbem-27655	89	5	lag	lag	NOUN
fbem-27655	89	6	3	3	NUM
fbem-27655	89	7	var	var	NOUN
fbem-27655	89	8	model	model	NOUN
fbem-27655	89	9	are	be	AUX
fbem-27655	89	10	all	all	ADV
fbem-27655	89	11	within	within	ADP
fbem-27655	89	12	the	the	DET
fbem-27655	89	13	unit	unit	NOUN
fbem-27655	89	14	circle	circle	NOUN
fbem-27655	89	15	,	,	PUNCT
fbem-27655	89	16	and	and	CCONJ
fbem-27655	89	17	the	the	DET
fbem-27655	89	18	test	test	NOUN
fbem-27655	89	19	results	result	NOUN
fbem-27655	89	20	are	be	AUX
fbem-27655	89	21	shown	show	VERB
fbem-27655	89	22	in	in	ADP
fbem-27655	89	23	figure	figure	NOUN
fbem-27655	89	24	1	1	NUM
fbem-27655	89	25	below	below	ADV
fbem-27655	89	26	:	:	PUNCT
fbem-27655	89	27	figure	figure	VERB
fbem-27655	89	28	1	1	NUM
fbem-27655	89	29	.	.	PUNCT
fbem-27655	89	30	unit	unit	NOUN
fbem-27655	89	31	circle	circle	PROPN
fbem-27655	89	32	test	test	NOUN
fbem-27655	89	33	results	result	NOUN
fbem-27655	89	34	according	accord	VERB
fbem-27655	89	35	to	to	ADP
fbem-27655	89	36	the	the	DET
fbem-27655	89	37	unit	unit	NOUN
fbem-27655	89	38	circle	circle	NOUN
fbem-27655	89	39	test	test	NOUN
fbem-27655	89	40	,	,	PUNCT
fbem-27655	89	41	the	the	DET
fbem-27655	89	42	var	var	NOUN
fbem-27655	89	43	model	model	NOUN
fbem-27655	89	44	constructed	construct	VERB
fbem-27655	89	45	in	in	ADP
fbem-27655	89	46	this	this	DET
fbem-27655	89	47	paper	paper	NOUN
fbem-27655	89	48	is	be	AUX
fbem-27655	89	49	stationary	stationary	ADJ
fbem-27655	89	50	.	.	PUNCT
fbem-27655	90	1	therefore	therefore	ADV
fbem-27655	90	2	,	,	PUNCT
fbem-27655	90	3	analysis	analysis	NOUN
fbem-27655	90	4	of	of	ADP
fbem-27655	90	5	housing	housing	NOUN
fbem-27655	90	6	price	price	NOUN
fbem-27655	90	7	changes	change	NOUN
fbem-27655	90	8	in	in	ADP
fbem-27655	90	9	china	china	PROPN
fbem-27655	90	10	based	base	VERB
fbem-27655	90	11	on	on	ADP
fbem-27655	90	12	the	the	DET
fbem-27655	90	13	impulse	impulse	ADJ
fbem-27655	90	14	response	response	NOUN
fbem-27655	90	15	function	function	NOUN
fbem-27655	90	16	is	be	AUX
fbem-27655	90	17	continued	continue	VERB
fbem-27655	90	18	.	.	PUNCT
fbem-27655	91	1	figure	figure	VERB
fbem-27655	91	2	2	2	NUM
fbem-27655	91	3	.	.	PUNCT
fbem-27655	92	1	the	the	DET
fbem-27655	92	2	response	response	NOUN
fbem-27655	92	3	of	of	ADP
fbem-27655	92	4	hp	hp	PROPN
fbem-27655	92	5	to	to	ADP
fbem-27655	92	6	the	the	DET
fbem-27655	92	7	shock	shock	NOUN
fbem-27655	92	8	of	of	ADP
fbem-27655	92	9	ffer	ffer	ADJ
fbem-27655	92	10	figure	figure	NOUN
fbem-27655	92	11	2	2	NUM
fbem-27655	92	12	shows	show	VERB
fbem-27655	92	13	the	the	DET
fbem-27655	92	14	impulse	impulse	ADJ
fbem-27655	92	15	response	response	NOUN
fbem-27655	92	16	of	of	ADP
fbem-27655	92	17	china	china	PROPN
fbem-27655	92	18	’s	’s	PART
fbem-27655	92	19	housing	housing	NOUN
fbem-27655	92	20	prices	price	NOUN
fbem-27655	92	21	when	when	SCONJ
fbem-27655	92	22	there	there	PRON
fbem-27655	92	23	is	be	VERB
fbem-27655	92	24	a	a	DET
fbem-27655	92	25	1	1	NUM
fbem-27655	92	26	standard	standard	ADJ
fbem-27655	92	27	deviation	deviation	NOUN
fbem-27655	92	28	shock	shock	NOUN
fbem-27655	92	29	to	to	ADP
fbem-27655	92	30	the	the	DET
fbem-27655	92	31	federal	federal	ADJ
fbem-27655	92	32	funds	fund	NOUN
fbem-27655	92	33	effective	effective	ADJ
fbem-27655	92	34	rate	rate	NOUN
fbem-27655	92	35	.	.	PUNCT
fbem-27655	93	1	in	in	ADP
fbem-27655	93	2	figure	figure	NOUN
fbem-27655	93	3	2	2	NUM
fbem-27655	93	4	,	,	PUNCT
fbem-27655	93	5	the	the	DET
fbem-27655	93	6	initial	initial	ADJ
fbem-27655	93	7	federal	federal	ADJ
fbem-27655	93	8	funds	fund	NOUN
fbem-27655	93	9	effective	effective	ADJ
fbem-27655	93	10	rate	rate	NOUN
fbem-27655	93	11	has	have	VERB
fbem-27655	93	12	a	a	DET
fbem-27655	93	13	strong	strong	ADJ
fbem-27655	93	14	positive	positive	ADJ
fbem-27655	93	15	impact	impact	NOUN
fbem-27655	93	16	on	on	ADP
fbem-27655	93	17	china	china	PROPN
fbem-27655	93	18	's	's	PART
fbem-27655	93	19	real	real	ADJ
fbem-27655	93	20	estate	estate	NOUN
fbem-27655	93	21	prices	price	NOUN
fbem-27655	93	22	,	,	PUNCT
fbem-27655	93	23	achieving	achieve	VERB
fbem-27655	93	24	its	its	PRON
fbem-27655	93	25	maximum	maximum	NOUN
fbem-27655	93	26	in	in	ADP
fbem-27655	93	27	the	the	DET
fbem-27655	93	28	first	first	ADJ
fbem-27655	93	29	period	period	NOUN
fbem-27655	93	30	,	,	PUNCT
fbem-27655	93	31	and	and	CCONJ
fbem-27655	93	32	turning	turn	VERB
fbem-27655	93	33	negative	negative	ADJ
fbem-27655	93	34	in	in	ADP
fbem-27655	93	35	the	the	DET
fbem-27655	93	36	second	second	ADJ
fbem-27655	93	37	period	period	NOUN
fbem-27655	93	38	,	,	PUNCT
fbem-27655	93	39	indicating	indicate	VERB
fbem-27655	93	40	that	that	SCONJ
fbem-27655	93	41	the	the	DET
fbem-27655	93	42	impact	impact	NOUN
fbem-27655	93	43	of	of	ADP
fbem-27655	93	44	the	the	DET
fbem-27655	93	45	federal	federal	ADJ
fbem-27655	93	46	funds	fund	NOUN
fbem-27655	93	47	effective	effective	ADJ
fbem-27655	93	48	rate	rate	NOUN
fbem-27655	93	49	on	on	ADP
fbem-27655	93	50	housing	housing	NOUN
fbem-27655	93	51	prices	price	NOUN
fbem-27655	93	52	in	in	ADP
fbem-27655	93	53	the	the	DET
fbem-27655	93	54	early	early	ADJ
fbem-27655	93	55	stage	stage	NOUN
fbem-27655	93	56	is	be	AUX
fbem-27655	93	57	unstable	unstable	ADJ
fbem-27655	93	58	.	.	PUNCT
fbem-27655	94	1	after	after	ADP
fbem-27655	94	2	the	the	DET
fbem-27655	94	3	third	third	ADJ
fbem-27655	94	4	period	period	NOUN
fbem-27655	94	5	,	,	PUNCT
fbem-27655	94	6	the	the	DET
fbem-27655	94	7	shock	shock	NOUN
fbem-27655	94	8	turns	turn	VERB
fbem-27655	94	9	into	into	ADP
fbem-27655	94	10	a	a	DET
fbem-27655	94	11	positive	positive	ADJ
fbem-27655	94	12	shock	shock	NOUN
fbem-27655	94	13	,	,	PUNCT
fbem-27655	94	14	and	and	CCONJ
fbem-27655	94	15	remains	remain	VERB
fbem-27655	94	16	a	a	DET
fbem-27655	94	17	weak	weak	ADJ
fbem-27655	94	18	positive	positive	ADJ
fbem-27655	94	19	shock	shock	NOUN
fbem-27655	94	20	for	for	ADP
fbem-27655	94	21	the	the	DET
fbem-27655	94	22	long	long	ADJ
fbem-27655	94	23	term	term	NOUN
fbem-27655	94	24	.	.	PUNCT
fbem-27655	95	1	it	it	PRON
fbem-27655	95	2	’s	’	VERB
fbem-27655	95	3	easy	easy	ADJ
fbem-27655	95	4	to	to	PART
fbem-27655	95	5	see	see	VERB
fbem-27655	95	6	that	that	SCONJ
fbem-27655	95	7	the	the	DET
fbem-27655	95	8	impact	impact	NOUN
fbem-27655	95	9	of	of	ADP
fbem-27655	95	10	the	the	DET
fbem-27655	95	11	federal	federal	ADJ
fbem-27655	95	12	funds	fund	NOUN
fbem-27655	95	13	effective	effective	ADJ
fbem-27655	95	14	rate	rate	NOUN
fbem-27655	95	15	on	on	ADP
fbem-27655	95	16	housing	housing	NOUN
fbem-27655	95	17	prices	price	NOUN
fbem-27655	95	18	plays	play	VERB
fbem-27655	95	19	a	a	DET
fbem-27655	95	20	more	more	ADV
fbem-27655	95	21	important	important	ADJ
fbem-27655	95	22	role	role	NOUN
fbem-27655	95	23	in	in	ADP
fbem-27655	95	24	the	the	DET
fbem-27655	95	25	short	short	ADJ
fbem-27655	95	26	term	term	NOUN
fbem-27655	95	27	,	,	PUNCT
fbem-27655	95	28	and	and	CCONJ
fbem-27655	95	29	weaker	weak	ADJ
fbem-27655	95	30	in	in	ADP
fbem-27655	95	31	the	the	DET
fbem-27655	95	32	long	long	ADJ
fbem-27655	95	33	term	term	NOUN
fbem-27655	95	34	.	.	PUNCT
fbem-27655	96	1	145	145	NUM
fbem-27655	96	2	figure	figure	NOUN
fbem-27655	96	3	3	3	NUM
fbem-27655	96	4	.	.	PUNCT
fbem-27655	97	1	the	the	DET
fbem-27655	97	2	response	response	NOUN
fbem-27655	97	3	of	of	ADP
fbem-27655	97	4	hp	hp	PROPN
fbem-27655	97	5	to	to	ADP
fbem-27655	97	6	the	the	DET
fbem-27655	97	7	shocks	shock	NOUN
fbem-27655	97	8	of	of	ADP
fbem-27655	97	9	china	china	PROPN
fbem-27655	97	10	's	's	PART
fbem-27655	97	11	lpr	lpr	PROPN
fbem-27655	97	12	figure	figure	NOUN
fbem-27655	97	13	3	3	NUM
fbem-27655	97	14	illustrates	illustrate	VERB
fbem-27655	97	15	the	the	DET
fbem-27655	97	16	impact	impact	NOUN
fbem-27655	97	17	of	of	ADP
fbem-27655	97	18	china	china	PROPN
fbem-27655	97	19	's	's	PART
fbem-27655	97	20	loan	loan	NOUN
fbem-27655	97	21	prime	prime	ADJ
fbem-27655	97	22	rate	rate	NOUN
fbem-27655	97	23	on	on	ADP
fbem-27655	97	24	china	china	PROPN
fbem-27655	97	25	's	's	PART
fbem-27655	97	26	housing	housing	NOUN
fbem-27655	97	27	prices	price	NOUN
fbem-27655	97	28	.	.	PUNCT
fbem-27655	98	1	in	in	ADP
fbem-27655	98	2	figure	figure	NOUN
fbem-27655	98	3	3	3	NUM
fbem-27655	98	4	,	,	PUNCT
fbem-27655	98	5	the	the	DET
fbem-27655	98	6	loan	loan	NOUN
fbem-27655	98	7	prime	prime	NOUN
fbem-27655	98	8	rate	rate	NOUN
fbem-27655	98	9	had	have	VERB
fbem-27655	98	10	a	a	DET
fbem-27655	98	11	weak	weak	ADJ
fbem-27655	98	12	positive	positive	ADJ
fbem-27655	98	13	impact	impact	NOUN
fbem-27655	98	14	on	on	ADP
fbem-27655	98	15	housing	housing	NOUN
fbem-27655	98	16	prices	price	NOUN
fbem-27655	98	17	in	in	ADP
fbem-27655	98	18	the	the	DET
fbem-27655	98	19	first	first	ADJ
fbem-27655	98	20	,	,	PUNCT
fbem-27655	98	21	second	second	ADJ
fbem-27655	98	22	,	,	PUNCT
fbem-27655	98	23	fourth	fourth	ADJ
fbem-27655	98	24	and	and	CCONJ
fbem-27655	98	25	fifth	fifth	ADJ
fbem-27655	98	26	periods	period	NOUN
fbem-27655	98	27	,	,	PUNCT
fbem-27655	98	28	and	and	CCONJ
fbem-27655	98	29	turned	turn	VERB
fbem-27655	98	30	negative	negative	ADJ
fbem-27655	98	31	in	in	ADP
fbem-27655	98	32	the	the	DET
fbem-27655	98	33	third	third	ADJ
fbem-27655	98	34	period	period	NOUN
fbem-27655	98	35	and	and	CCONJ
fbem-27655	98	36	reached	reach	VERB
fbem-27655	98	37	the	the	DET
fbem-27655	98	38	maximum	maximum	ADJ
fbem-27655	98	39	impact	impact	NOUN
fbem-27655	98	40	value	value	NOUN
fbem-27655	98	41	,	,	PUNCT
fbem-27655	98	42	and	and	CCONJ
fbem-27655	98	43	then	then	ADV
fbem-27655	98	44	maintained	maintain	VERB
fbem-27655	98	45	a	a	DET
fbem-27655	98	46	weak	weak	ADJ
fbem-27655	98	47	negative	negative	ADJ
fbem-27655	98	48	impact	impact	NOUN
fbem-27655	98	49	from	from	ADP
fbem-27655	98	50	the	the	DET
fbem-27655	98	51	eighth	eighth	ADJ
fbem-27655	98	52	period	period	NOUN
fbem-27655	98	53	to	to	ADP
fbem-27655	98	54	the	the	DET
fbem-27655	98	55	later	later	ADJ
fbem-27655	98	56	period	period	NOUN
fbem-27655	98	57	,	,	PUNCT
fbem-27655	98	58	and	and	CCONJ
fbem-27655	98	59	finally	finally	ADV
fbem-27655	98	60	tended	tend	VERB
fbem-27655	98	61	to	to	ADP
fbem-27655	98	62	zero	zero	NUM
fbem-27655	98	63	.	.	PUNCT
fbem-27655	99	1	figure	figure	NOUN
fbem-27655	99	2	4	4	NUM
fbem-27655	99	3	.	.	PUNCT
fbem-27655	100	1	the	the	DET
fbem-27655	100	2	response	response	NOUN
fbem-27655	100	3	of	of	ADP
fbem-27655	100	4	hp	hp	PROPN
fbem-27655	100	5	to	to	ADP
fbem-27655	100	6	exr	exr	PROPN
fbem-27655	100	7	shocks	shock	NOUN
fbem-27655	100	8	figure	figure	VERB
fbem-27655	100	9	5	5	NUM
fbem-27655	100	10	.	.	PUNCT
fbem-27655	101	1	the	the	DET
fbem-27655	101	2	response	response	NOUN
fbem-27655	101	3	of	of	ADP
fbem-27655	101	4	hp	hp	PROPN
fbem-27655	101	5	to	to	ADP
fbem-27655	101	6	cci	cci	PROPN
fbem-27655	101	7	shocks	shock	NOUN
fbem-27655	101	8	figure	figure	VERB
fbem-27655	101	9	6	6	NUM
fbem-27655	101	10	.	.	PUNCT
fbem-27655	102	1	the	the	DET
fbem-27655	102	2	response	response	NOUN
fbem-27655	102	3	of	of	ADP
fbem-27655	102	4	hp	hp	PROPN
fbem-27655	102	5	to	to	ADP
fbem-27655	102	6	csi	csi	PROPN
fbem-27655	102	7	300	300	NUM
fbem-27655	102	8	index	index	NOUN
fbem-27655	102	9	shock	shock	NOUN
fbem-27655	102	10	figures	figure	NOUN
fbem-27655	102	11	4	4	NUM
fbem-27655	102	12	,	,	PUNCT
fbem-27655	102	13	5	5	NUM
fbem-27655	102	14	and	and	CCONJ
fbem-27655	102	15	6	6	NUM
fbem-27655	102	16	show	show	VERB
fbem-27655	102	17	the	the	DET
fbem-27655	102	18	impact	impact	NOUN
fbem-27655	102	19	of	of	ADP
fbem-27655	102	20	exchange	exchange	NOUN
fbem-27655	102	21	rates	rate	NOUN
fbem-27655	102	22	,	,	PUNCT
fbem-27655	102	23	consumer	consumer	NOUN
fbem-27655	102	24	confidence	confidence	NOUN
fbem-27655	102	25	,	,	PUNCT
fbem-27655	102	26	and	and	CCONJ
fbem-27655	102	27	the	the	DET
fbem-27655	102	28	csi	csi	ADJ
fbem-27655	102	29	300	300	NUM
fbem-27655	102	30	index	index	NOUN
fbem-27655	102	31	on	on	ADP
fbem-27655	102	32	housing	housing	NOUN
fbem-27655	102	33	prices	price	NOUN
fbem-27655	102	34	,	,	PUNCT
fbem-27655	102	35	respectively	respectively	ADV
fbem-27655	102	36	.	.	PUNCT
fbem-27655	103	1	the	the	DET
fbem-27655	103	2	impulse	impulse	ADJ
fbem-27655	103	3	response	response	NOUN
fbem-27655	103	4	of	of	ADP
fbem-27655	103	5	housing	housing	NOUN
fbem-27655	103	6	price	price	NOUN
fbem-27655	103	7	to	to	PART
fbem-27655	103	8	exchange	exchange	NOUN
fbem-27655	103	9	rate	rate	NOUN
fbem-27655	103	10	basically	basically	ADV
fbem-27655	103	11	remained	remain	VERB
fbem-27655	103	12	positive	positive	ADJ
fbem-27655	103	13	,	,	PUNCT
fbem-27655	103	14	reaching	reach	VERB
fbem-27655	103	15	a	a	DET
fbem-27655	103	16	maximum	maximum	NOUN
fbem-27655	103	17	in	in	ADP
fbem-27655	103	18	the	the	DET
fbem-27655	103	19	second	second	ADJ
fbem-27655	103	20	period	period	NOUN
fbem-27655	103	21	,	,	PUNCT
fbem-27655	103	22	and	and	CCONJ
fbem-27655	103	23	disappearing	disappear	VERB
fbem-27655	103	24	around	around	ADP
fbem-27655	103	25	the	the	DET
fbem-27655	103	26	fifth	fifth	ADJ
fbem-27655	103	27	period	period	NOUN
fbem-27655	103	28	.	.	PUNCT
fbem-27655	104	1	both	both	DET
fbem-27655	104	2	consumer	consumer	NOUN
fbem-27655	104	3	confidence	confidence	NOUN
fbem-27655	104	4	and	and	CCONJ
fbem-27655	104	5	the	the	DET
fbem-27655	104	6	csi	csi	ADJ
fbem-27655	104	7	300	300	NUM
fbem-27655	104	8	index	index	NOUN
fbem-27655	104	9	have	have	VERB
fbem-27655	104	10	a	a	DET
fbem-27655	104	11	positive	positive	ADJ
fbem-27655	104	12	spillover	spillover	NOUN
fbem-27655	104	13	effect	effect	NOUN
fbem-27655	104	14	on	on	ADP
fbem-27655	104	15	housing	housing	NOUN
fbem-27655	104	16	prices	price	NOUN
fbem-27655	104	17	in	in	ADP
fbem-27655	104	18	the	the	DET
fbem-27655	104	19	early	early	ADJ
fbem-27655	104	20	stage	stage	NOUN
fbem-27655	104	21	,	,	PUNCT
fbem-27655	104	22	and	and	CCONJ
fbem-27655	104	23	gradually	gradually	ADV
fbem-27655	104	24	decay	decay	VERB
fbem-27655	104	25	after	after	ADP
fbem-27655	104	26	peaking	peak	VERB
fbem-27655	104	27	in	in	ADP
fbem-27655	104	28	the	the	DET
fbem-27655	104	29	first	first	ADJ
fbem-27655	104	30	and	and	CCONJ
fbem-27655	104	31	third	third	ADJ
fbem-27655	104	32	periods	period	NOUN
fbem-27655	104	33	,	,	PUNCT
fbem-27655	104	34	respectively	respectively	ADV
fbem-27655	104	35	.	.	PUNCT
fbem-27655	105	1	to	to	PART
fbem-27655	105	2	further	far	ADV
fbem-27655	105	3	understand	understand	VERB
fbem-27655	105	4	the	the	DET
fbem-27655	105	5	impact	impact	NOUN
fbem-27655	105	6	of	of	ADP
fbem-27655	105	7	each	each	DET
fbem-27655	105	8	channel	channel	NOUN
fbem-27655	105	9	on	on	ADP
fbem-27655	105	10	housing	housing	NOUN
fbem-27655	105	11	prices	price	NOUN
fbem-27655	105	12	,	,	PUNCT
fbem-27655	105	13	this	this	DET
fbem-27655	105	14	paper	paper	NOUN
fbem-27655	105	15	uses	use	VERB
fbem-27655	105	16	variance	variance	NOUN
fbem-27655	105	17	decomposition	decomposition	NOUN
fbem-27655	105	18	to	to	PART
fbem-27655	105	19	analyze	analyze	VERB
fbem-27655	105	20	the	the	DET
fbem-27655	105	21	contributing	contribute	VERB
fbem-27655	105	22	factors	factor	NOUN
fbem-27655	105	23	of	of	ADP
fbem-27655	105	24	each	each	DET
fbem-27655	105	25	variable	variable	NOUN
fbem-27655	105	26	.	.	PUNCT
fbem-27655	106	1	as	as	SCONJ
fbem-27655	106	2	shown	show	VERB
fbem-27655	106	3	in	in	ADP
fbem-27655	106	4	table	table	NOUN
fbem-27655	106	5	4	4	NUM
fbem-27655	106	6	below	below	ADV
fbem-27655	106	7	:	:	PUNCT
fbem-27655	106	8	table	table	NOUN
fbem-27655	106	9	4	4	NUM
fbem-27655	106	10	.	.	PUNCT
fbem-27655	106	11	decomposition	decomposition	NOUN
fbem-27655	106	12	of	of	ADP
fbem-27655	106	13	variance	variance	NOUN
fbem-27655	106	14	step	step	NOUN
fbem-27655	106	15	hp	hp	PROPN
fbem-27655	106	16	ffer	ffer	PROPN
fbem-27655	106	17	lpr	lpr	PROPN
fbem-27655	106	18	exr	exr	PROPN
fbem-27655	106	19	cci	cci	PROPN
fbem-27655	106	20	csi300	csi300	PROPN
fbem-27655	106	21	0	0	NUM
fbem-27655	106	22	0	0	NUM
fbem-27655	106	23	0	0	NUM
fbem-27655	106	24	0	0	NUM
fbem-27655	106	25	0	0	NUM
fbem-27655	106	26	0	0	NUM
fbem-27655	106	27	0	0	NUM
fbem-27655	106	28	1	1	NUM
fbem-27655	106	29	1	1	NUM
fbem-27655	106	30	0	0	NUM
fbem-27655	106	31	0	0	NUM
fbem-27655	106	32	0	0	NUM
fbem-27655	106	33	0	0	NUM
fbem-27655	106	34	0	0	NUM
fbem-27655	106	35	2	2	NUM
fbem-27655	106	36	0.9143	0.9143	NUM
fbem-27655	106	37	0.0325	0.0325	NUM
fbem-27655	106	38	0.0031	0.0031	NUM
fbem-27655	106	39	0.0399	0.0399	NUM
fbem-27655	106	40	0.0097	0.0097	NUM
fbem-27655	106	41	0.0005	0.0005	NUM
fbem-27655	106	42	3	3	NUM
fbem-27655	106	43	0.9024	0.9024	NUM
fbem-27655	106	44	0.0446	0.0446	NUM
fbem-27655	106	45	0.0037	0.0037	NUM
fbem-27655	106	46	0.0379	0.0379	NUM
fbem-27655	106	47	0.0108	0.0108	NUM
fbem-27655	106	48	0.0006	0.0006	NUM
fbem-27655	106	49	4	4	NUM
fbem-27655	106	50	0.8935	0.8935	NUM
fbem-27655	107	1	0.0422	0.0422	NUM
fbem-27655	107	2	0.0142	0.0142	NUM
fbem-27655	107	3	0.0343	0.0343	NUM
fbem-27655	107	4	0.0101	0.0101	NUM
fbem-27655	107	5	0.0058	0.0058	NUM
fbem-27655	107	6	5	5	NUM
fbem-27655	107	7	0.8757	0.8757	NUM
fbem-27655	107	8	0.0528	0.0528	NUM
fbem-27655	107	9	0.0195	0.0195	NUM
fbem-27655	107	10	0.0366	0.0366	NUM
fbem-27655	107	11	0.0098	0.0098	NUM
fbem-27655	107	12	0.0056	0.0056	NUM
fbem-27655	107	13	6	6	NUM
fbem-27655	107	14	0.8734	0.8734	NUM
fbem-27655	107	15	0.0529	0.0529	NUM
fbem-27655	107	16	0.0205	0.0205	NUM
fbem-27655	107	17	0.0365	0.0365	NUM
fbem-27655	107	18	0.0096	0.0096	NUM
fbem-27655	107	19	0.0071	0.0071	NUM
fbem-27655	107	20	7	7	NUM
fbem-27655	107	21	0.8716	0.8716	NUM
fbem-27655	107	22	0.0531	0.0531	NUM
fbem-27655	107	23	0.0215	0.0215	NUM
fbem-27655	107	24	0.0370	0.0370	NUM
fbem-27655	107	25	0.0097	0.0097	NUM
fbem-27655	107	26	0.0070	0.0070	NUM
fbem-27655	107	27	8	8	NUM
fbem-27655	107	28	0.8693	0.8693	NUM
fbem-27655	107	29	0.0546	0.0546	NUM
fbem-27655	107	30	0.0214	0.0214	NUM
fbem-27655	107	31	0.0376	0.0376	NUM
fbem-27655	107	32	0.0102	0.0102	NUM
fbem-27655	107	33	0.0069	0.0069	NUM
fbem-27655	107	34	9	9	NUM
fbem-27655	107	35	0.8691	0.8691	NUM
fbem-27655	107	36	0.0551	0.0551	NUM
fbem-27655	107	37	0.0214	0.0214	NUM
fbem-27655	107	38	0.0374	0.0374	NUM
fbem-27655	107	39	0.0101	0.0101	NUM
fbem-27655	107	40	0.0069	0.0069	NUM
fbem-27655	107	41	10	10	NUM
fbem-27655	107	42	0.8676	0.8676	NUM
fbem-27655	107	43	0.0565	0.0565	NUM
fbem-27655	107	44	0.0213	0.0213	NUM
fbem-27655	107	45	0.0375	0.0375	NUM
fbem-27655	107	46	0.0101	0.0101	NUM
fbem-27655	107	47	0.0070	0.0070	NUM
fbem-27655	107	48	11	11	NUM
fbem-27655	107	49	0.8660	0.8660	NUM
fbem-27655	107	50	0.0576	0.0576	NUM
fbem-27655	107	51	0.0213	0.0213	NUM
fbem-27655	107	52	0.0378	0.0378	NUM
fbem-27655	107	53	0.0102	0.0102	NUM
fbem-27655	107	54	0.0070	0.0070	NUM
fbem-27655	107	55	12	12	NUM
fbem-27655	107	56	0.8652	0.8652	NUM
fbem-27655	107	57	0.0582	0.0582	NUM
fbem-27655	107	58	0.0213	0.0213	NUM
fbem-27655	107	59	0.0380	0.0380	NUM
fbem-27655	107	60	0.0104	0.0104	NUM
fbem-27655	107	61	0.0070	0.0070	NUM
fbem-27655	107	62	13	13	NUM
fbem-27655	107	63	0.8641	0.8641	NUM
fbem-27655	107	64	0.0589	0.0589	NUM
fbem-27655	107	65	0.0214	0.0214	NUM
fbem-27655	107	66	0.0382	0.0382	NUM
fbem-27655	107	67	0.0105	0.0105	NUM
fbem-27655	107	68	0.0070	0.0070	NUM
fbem-27655	107	69	14	14	NUM
fbem-27655	107	70	0.8632	0.8632	NUM
fbem-27655	107	71	0.0595	0.0595	NUM
fbem-27655	107	72	0.0214	0.0214	NUM
fbem-27655	107	73	0.0383	0.0383	NUM
fbem-27655	107	74	0.0106	0.0106	NUM
fbem-27655	107	75	0.0070	0.0070	NUM
fbem-27655	107	76	15	15	NUM
fbem-27655	107	77	0.8625	0.8625	NUM
fbem-27655	107	78	0.0599	0.0599	NUM
fbem-27655	108	1	0.0215	0.0215	NUM
fbem-27655	108	2	0.0384	0.0384	NUM
fbem-27655	108	3	0.0108	0.0108	NUM
fbem-27655	108	4	0.0070	0.0070	NUM
fbem-27655	108	5	as	as	SCONJ
fbem-27655	108	6	can	can	AUX
fbem-27655	108	7	be	be	AUX
fbem-27655	108	8	seen	see	VERB
fbem-27655	108	9	from	from	ADP
fbem-27655	108	10	table	table	NOUN
fbem-27655	108	11	4	4	NUM
fbem-27655	108	12	,	,	PUNCT
fbem-27655	108	13	housing	housing	NOUN
fbem-27655	108	14	prices	price	NOUN
fbem-27655	108	15	play	play	VERB
fbem-27655	108	16	the	the	DET
fbem-27655	108	17	largest	large	ADJ
fbem-27655	108	18	role	role	NOUN
fbem-27655	108	19	to	to	PART
fbem-27655	108	20	explain	explain	VERB
fbem-27655	108	21	their	their	PRON
fbem-27655	108	22	own	own	ADJ
fbem-27655	108	23	fluctuations	fluctuation	NOUN
fbem-27655	108	24	,	,	PUNCT
fbem-27655	108	25	indicating	indicate	VERB
fbem-27655	108	26	that	that	SCONJ
fbem-27655	108	27	the	the	DET
fbem-27655	108	28	fluctuations	fluctuation	NOUN
fbem-27655	108	29	of	of	ADP
fbem-27655	108	30	housing	housing	NOUN
fbem-27655	108	31	prices	price	NOUN
fbem-27655	108	32	are	be	AUX
fbem-27655	108	33	mainly	mainly	ADV
fbem-27655	108	34	self	self	NOUN
fbem-27655	108	35	-	-	PUNCT
fbem-27655	108	36	explanatory	explanatory	ADJ
fbem-27655	108	37	.	.	PUNCT
fbem-27655	109	1	however	however	ADV
fbem-27655	109	2	,	,	PUNCT
fbem-27655	109	3	over	over	ADP
fbem-27655	109	4	time	time	NOUN
fbem-27655	109	5	,	,	PUNCT
fbem-27655	109	6	the	the	DET
fbem-27655	109	7	contribution	contribution	NOUN
fbem-27655	109	8	of	of	ADP
fbem-27655	109	9	housing	housing	NOUN
fbem-27655	109	10	prices	price	NOUN
fbem-27655	109	11	itself	itself	PRON
fbem-27655	109	12	slowly	slowly	ADV
fbem-27655	109	13	decreased	decrease	VERB
fbem-27655	109	14	,	,	PUNCT
fbem-27655	109	15	while	while	SCONJ
fbem-27655	109	16	the	the	DET
fbem-27655	109	17	contribution	contribution	NOUN
fbem-27655	109	18	of	of	ADP
fbem-27655	109	19	other	other	ADJ
fbem-27655	109	20	variables	variable	NOUN
fbem-27655	109	21	gradually	gradually	ADV
fbem-27655	109	22	increased	increase	VERB
fbem-27655	109	23	,	,	PUNCT
fbem-27655	109	24	with	with	ADP
fbem-27655	109	25	the	the	DET
fbem-27655	109	26	federal	federal	ADJ
fbem-27655	109	27	funds	fund	NOUN
fbem-27655	109	28	effective	effective	ADJ
fbem-27655	109	29	exchange	exchange	NOUN
fbem-27655	109	30	rate	rate	NOUN
fbem-27655	109	31	being	be	AUX
fbem-27655	109	32	the	the	DET
fbem-27655	109	33	most	most	ADV
fbem-27655	109	34	explanatory	explanatory	ADJ
fbem-27655	109	35	,	,	PUNCT
fbem-27655	109	36	approaching	approach	VERB
fbem-27655	109	37	almost	almost	ADV
fbem-27655	109	38	6	6	NUM
fbem-27655	109	39	%	%	NOUN
fbem-27655	109	40	in	in	ADP
fbem-27655	109	41	the	the	DET
fbem-27655	109	42	15th	15th	ADJ
fbem-27655	109	43	period	period	NOUN
fbem-27655	109	44	.	.	PUNCT
fbem-27655	110	1	this	this	PRON
fbem-27655	110	2	shows	show	VERB
fbem-27655	110	3	that	that	SCONJ
fbem-27655	110	4	u.s	u.s	PROPN
fbem-27655	110	5	.	.	PROPN
fbem-27655	110	6	monetary	monetary	ADJ
fbem-27655	110	7	policy	policy	NOUN
fbem-27655	110	8	can	can	AUX
fbem-27655	110	9	indeed	indeed	ADV
fbem-27655	110	10	affect	affect	VERB
fbem-27655	110	11	china	china	PROPN
fbem-27655	110	12	's	's	PART
fbem-27655	110	13	housing	housing	NOUN
fbem-27655	110	14	prices	price	NOUN
fbem-27655	110	15	to	to	ADP
fbem-27655	110	16	a	a	DET
fbem-27655	110	17	certain	certain	ADJ
fbem-27655	110	18	extent	extent	NOUN
fbem-27655	110	19	.	.	PUNCT
fbem-27655	111	1	in	in	ADP
fbem-27655	111	2	addition	addition	NOUN
fbem-27655	111	3	,	,	PUNCT
fbem-27655	111	4	from	from	ADP
fbem-27655	111	5	the	the	DET
fbem-27655	111	6	variance	variance	NOUN
fbem-27655	111	7	decomposition	decomposition	NOUN
fbem-27655	111	8	table	table	NOUN
fbem-27655	111	9	,	,	PUNCT
fbem-27655	111	10	we	we	PRON
fbem-27655	111	11	can	can	AUX
fbem-27655	111	12	see	see	VERB
fbem-27655	111	13	the	the	DET
fbem-27655	111	14	contribution	contribution	NOUN
fbem-27655	111	15	of	of	ADP
fbem-27655	111	16	the	the	DET
fbem-27655	111	17	four	four	NUM
fbem-27655	111	18	channels	channel	NOUN
fbem-27655	111	19	to	to	ADP
fbem-27655	111	20	the	the	DET
fbem-27655	111	21	housing	housing	NOUN
fbem-27655	111	22	price	price	NOUN
fbem-27655	111	23	.	.	PUNCT
fbem-27655	112	1	among	among	ADP
fbem-27655	112	2	them	they	PRON
fbem-27655	112	3	,	,	PUNCT
fbem-27655	112	4	the	the	DET
fbem-27655	112	5	exchange	exchange	NOUN
fbem-27655	112	6	rate	rate	NOUN
fbem-27655	112	7	channel	channel	PROPN
fbem-27655	112	8	contributed	contribute	VERB
fbem-27655	112	9	the	the	DET
fbem-27655	112	10	most	most	ADJ
fbem-27655	112	11	to	to	ADP
fbem-27655	112	12	housing	housing	NOUN
fbem-27655	112	13	prices	price	NOUN
fbem-27655	112	14	,	,	PUNCT
fbem-27655	112	15	reaching	reach	VERB
fbem-27655	112	16	almost	almost	ADV
fbem-27655	112	17	4	4	NUM
fbem-27655	112	18	%	%	NOUN
fbem-27655	112	19	in	in	ADP
fbem-27655	112	20	the	the	DET
fbem-27655	112	21	15th	15th	ADJ
fbem-27655	112	22	period	period	NOUN
fbem-27655	112	23	.	.	PUNCT
fbem-27655	113	1	it	it	PRON
fbem-27655	113	2	can	can	AUX
fbem-27655	113	3	be	be	AUX
fbem-27655	113	4	seen	see	VERB
fbem-27655	113	5	that	that	SCONJ
fbem-27655	113	6	,	,	PUNCT
fbem-27655	113	7	compared	compare	VERB
fbem-27655	113	8	with	with	ADP
fbem-27655	113	9	other	other	ADJ
fbem-27655	113	10	channels	channel	NOUN
fbem-27655	113	11	,	,	PUNCT
fbem-27655	113	12	u.s	u.s	PROPN
fbem-27655	113	13	.	.	PROPN
fbem-27655	113	14	monetary	monetary	ADJ
fbem-27655	113	15	policy	policy	NOUN
fbem-27655	113	16	mainly	mainly	ADV
fbem-27655	113	17	affects	affect	VERB
fbem-27655	113	18	the	the	DET
fbem-27655	113	19	changes	change	NOUN
fbem-27655	113	20	in	in	ADP
fbem-27655	113	21	china	china	PROPN
fbem-27655	113	22	's	's	PART
fbem-27655	113	23	housing	housing	NOUN
fbem-27655	113	24	prices	price	NOUN
fbem-27655	113	25	through	through	ADP
fbem-27655	113	26	changes	change	NOUN
fbem-27655	113	27	in	in	ADP
fbem-27655	113	28	the	the	DET
fbem-27655	113	29	exchange	exchange	NOUN
fbem-27655	113	30	rate	rate	NOUN
fbem-27655	113	31	.	.	PUNCT
fbem-27655	114	1	second	second	ADJ
fbem-27655	114	2	,	,	PUNCT
fbem-27655	114	3	china	china	PROPN
fbem-27655	114	4	's	's	PART
fbem-27655	114	5	loan	loan	NOUN
fbem-27655	114	6	prime	prime	NOUN
fbem-27655	114	7	rate	rate	NOUN
fbem-27655	114	8	contributed	contribute	VERB
fbem-27655	114	9	2	2	NUM
fbem-27655	114	10	%	%	NOUN
fbem-27655	114	11	to	to	ADP
fbem-27655	114	12	housing	housing	NOUN
fbem-27655	114	13	prices	price	NOUN
fbem-27655	114	14	,	,	PUNCT
fbem-27655	114	15	indicating	indicate	VERB
fbem-27655	114	16	that	that	SCONJ
fbem-27655	114	17	changes	change	NOUN
fbem-27655	114	18	in	in	ADP
fbem-27655	114	19	u.s	u.s	PROPN
fbem-27655	114	20	.	.	PROPN
fbem-27655	114	21	monetary	monetary	ADJ
fbem-27655	114	22	policy	policy	NOUN
fbem-27655	114	23	will	will	AUX
fbem-27655	114	24	affect	affect	VERB
fbem-27655	114	25	china	china	PROPN
fbem-27655	114	26	's	's	PART
fbem-27655	114	27	market	market	NOUN
fbem-27655	114	28	interest	interest	NOUN
fbem-27655	114	29	rates	rate	NOUN
fbem-27655	114	30	,	,	PUNCT
fbem-27655	114	31	which	which	PRON
fbem-27655	114	32	in	in	ADP
fbem-27655	114	33	turn	turn	NOUN
fbem-27655	114	34	will	will	AUX
fbem-27655	114	35	have	have	VERB
fbem-27655	114	36	an	an	DET
fbem-27655	114	37	impact	impact	NOUN
fbem-27655	114	38	on	on	ADP
fbem-27655	114	39	housing	housing	NOUN
fbem-27655	114	40	prices	price	NOUN
fbem-27655	114	41	.	.	PUNCT
fbem-27655	115	1	the	the	DET
fbem-27655	115	2	consumer	consumer	NOUN
fbem-27655	115	3	confidence	confidence	NOUN
fbem-27655	115	4	index	index	NOUN
fbem-27655	115	5	has	have	AUX
fbem-27655	115	6	basically	basically	ADV
fbem-27655	115	7	stabilized	stabilize	VERB
fbem-27655	115	8	at	at	ADP
fbem-27655	115	9	about	about	ADV
fbem-27655	115	10	1	1	NUM
fbem-27655	115	11	%	%	NOUN
fbem-27655	115	12	of	of	ADP
fbem-27655	115	13	the	the	DET
fbem-27655	115	14	explanation	explanation	NOUN
fbem-27655	115	15	of	of	ADP
fbem-27655	115	16	housing	housing	NOUN
fbem-27655	115	17	prices	price	NOUN
fbem-27655	115	18	,	,	PUNCT
fbem-27655	115	19	which	which	PRON
fbem-27655	115	20	has	have	VERB
fbem-27655	115	21	a	a	DET
fbem-27655	115	22	certain	certain	ADJ
fbem-27655	115	23	but	but	CCONJ
fbem-27655	115	24	weak	weak	ADJ
fbem-27655	115	25	influence	influence	NOUN
fbem-27655	115	26	,	,	PUNCT
fbem-27655	115	27	indicating	indicate	VERB
fbem-27655	115	28	that	that	SCONJ
fbem-27655	115	29	the	the	DET
fbem-27655	115	30	u.s	u.s	PROPN
fbem-27655	115	31	.	.	PROPN
fbem-27655	115	32	monetary	monetary	ADJ
fbem-27655	115	33	policy	policy	NOUN
fbem-27655	115	34	can	can	AUX
fbem-27655	115	35	influence	influence	VERB
fbem-27655	115	36	china	china	PROPN
fbem-27655	115	37	’s	’s	PART
fbem-27655	115	38	housing	housing	NOUN
fbem-27655	115	39	prices	price	NOUN
fbem-27655	115	40	through	through	ADP
fbem-27655	115	41	affect	affect	VERB
fbem-27655	115	42	china	china	PROPN
fbem-27655	115	43	’s	’s	PART
fbem-27655	115	44	consumer	consumer	NOUN
fbem-27655	115	45	expectation	expectation	NOUN
fbem-27655	115	46	,	,	PUNCT
fbem-27655	115	47	though	though	SCONJ
fbem-27655	115	48	a	a	DET
fbem-27655	115	49	weak	weak	ADJ
fbem-27655	115	50	impact	impact	NOUN
fbem-27655	115	51	.	.	PUNCT
fbem-27655	116	1	in	in	ADP
fbem-27655	116	2	contrast	contrast	NOUN
fbem-27655	116	3	,	,	PUNCT
fbem-27655	116	4	the	the	DET
fbem-27655	116	5	csi	csi	PROPN
fbem-27655	116	6	300	300	NUM
fbem-27655	116	7	index	index	NOUN
fbem-27655	116	8	contributed	contribute	VERB
fbem-27655	116	9	less	less	ADV
fbem-27655	116	10	significantly	significantly	ADV
fbem-27655	116	11	to	to	ADP
fbem-27655	116	12	the	the	DET
fbem-27655	116	13	change	change	NOUN
fbem-27655	116	14	in	in	ADP
fbem-27655	116	15	housing	housing	NOUN
fbem-27655	116	16	prices	price	NOUN
fbem-27655	116	17	,	,	PUNCT
fbem-27655	116	18	at	at	ADP
fbem-27655	116	19	less	less	ADJ
fbem-27655	116	20	than	than	ADP
fbem-27655	116	21	1	1	NUM
fbem-27655	116	22	%	%	NOUN
fbem-27655	116	23	.	.	PUNCT
fbem-27655	117	1	5	5	X
fbem-27655	117	2	.	.	X
fbem-27655	117	3	conclusions	conclusion	NOUN
fbem-27655	117	4	this	this	DET
fbem-27655	117	5	paper	paper	NOUN
fbem-27655	117	6	selects	select	VERB
fbem-27655	117	7	the	the	DET
fbem-27655	117	8	monthly	monthly	ADJ
fbem-27655	117	9	data	datum	NOUN
fbem-27655	117	10	of	of	ADP
fbem-27655	117	11	china	china	PROPN
fbem-27655	117	12	's	's	PART
fbem-27655	117	13	housing	housing	NOUN
fbem-27655	117	14	146	146	NUM
fbem-27655	117	15	prices	price	NOUN
fbem-27655	117	16	,	,	PUNCT
fbem-27655	117	17	federal	federal	ADJ
fbem-27655	117	18	funds	fund	NOUN
fbem-27655	117	19	effective	effective	ADJ
fbem-27655	117	20	rate	rate	NOUN
fbem-27655	117	21	,	,	PUNCT
fbem-27655	117	22	exchange	exchange	NOUN
fbem-27655	117	23	rate	rate	NOUN
fbem-27655	117	24	of	of	ADP
fbem-27655	117	25	yuan	yuan	NOUN
fbem-27655	117	26	against	against	ADP
fbem-27655	117	27	u.s	u.s	PROPN
fbem-27655	117	28	.	.	PROPN
fbem-27655	117	29	dollar	dollar	NOUN
fbem-27655	117	30	,	,	PUNCT
fbem-27655	117	31	china	china	PROPN
fbem-27655	117	32	's	's	PART
fbem-27655	117	33	loan	loan	NOUN
fbem-27655	117	34	prime	prime	ADJ
fbem-27655	117	35	rate	rate	NOUN
fbem-27655	117	36	,	,	PUNCT
fbem-27655	117	37	csi	csi	PROPN
fbem-27655	117	38	300	300	NUM
fbem-27655	117	39	index	index	NOUN
fbem-27655	117	40	and	and	CCONJ
fbem-27655	117	41	consumer	consumer	NOUN
fbem-27655	117	42	confidence	confidence	NOUN
fbem-27655	117	43	index	index	NOUN
fbem-27655	117	44	from	from	ADP
fbem-27655	117	45	january	january	PROPN
fbem-27655	117	46	2016	2016	NUM
fbem-27655	117	47	to	to	ADP
fbem-27655	117	48	april	april	PROPN
fbem-27655	117	49	2024	2024	NUM
fbem-27655	117	50	.	.	PUNCT
fbem-27655	118	1	the	the	DET
fbem-27655	118	2	impact	impact	NOUN
fbem-27655	118	3	of	of	ADP
fbem-27655	118	4	the	the	DET
fbem-27655	118	5	federal	federal	ADJ
fbem-27655	118	6	funds	fund	NOUN
fbem-27655	118	7	effective	effective	ADJ
fbem-27655	118	8	rate	rate	NOUN
fbem-27655	118	9	on	on	ADP
fbem-27655	118	10	china	china	PROPN
fbem-27655	118	11	’s	’s	PART
fbem-27655	118	12	housing	housing	NOUN
fbem-27655	118	13	prices	price	NOUN
fbem-27655	118	14	has	have	AUX
fbem-27655	118	15	been	be	AUX
fbem-27655	118	16	very	very	ADV
fbem-27655	118	17	rapid	rapid	ADJ
fbem-27655	118	18	,	,	PUNCT
fbem-27655	118	19	reaching	reach	VERB
fbem-27655	118	20	a	a	DET
fbem-27655	118	21	maximum	maximum	NOUN
fbem-27655	118	22	in	in	ADP
fbem-27655	118	23	the	the	DET
fbem-27655	118	24	first	first	ADJ
fbem-27655	118	25	month	month	NOUN
fbem-27655	118	26	and	and	CCONJ
fbem-27655	118	27	remaining	remain	VERB
fbem-27655	118	28	positive	positive	ADJ
fbem-27655	118	29	over	over	ADP
fbem-27655	118	30	the	the	DET
fbem-27655	118	31	long	long	ADJ
fbem-27655	118	32	term	term	NOUN
fbem-27655	118	33	.	.	PUNCT
fbem-27655	119	1	at	at	ADP
fbem-27655	119	2	the	the	DET
fbem-27655	119	3	same	same	ADJ
fbem-27655	119	4	time	time	NOUN
fbem-27655	119	5	,	,	PUNCT
fbem-27655	119	6	the	the	DET
fbem-27655	119	7	exchange	exchange	NOUN
fbem-27655	119	8	rate	rate	NOUN
fbem-27655	119	9	,	,	PUNCT
fbem-27655	119	10	like	like	ADP
fbem-27655	119	11	the	the	DET
fbem-27655	119	12	chinese	chinese	PROPN
fbem-27655	119	13	l	l	PROPN
fbem-27655	119	14	loan	loan	NOUN
fbem-27655	119	15	prime	prime	ADJ
fbem-27655	119	16	rate	rate	NOUN
fbem-27655	119	17	,	,	PUNCT
fbem-27655	119	18	had	have	VERB
fbem-27655	119	19	a	a	DET
fbem-27655	119	20	positive	positive	ADJ
fbem-27655	119	21	impact	impact	NOUN
fbem-27655	119	22	on	on	ADP
fbem-27655	119	23	housing	housing	NOUN
fbem-27655	119	24	prices	price	NOUN
fbem-27655	119	25	in	in	ADP
fbem-27655	119	26	the	the	DET
fbem-27655	119	27	early	early	ADJ
fbem-27655	119	28	stage	stage	NOUN
fbem-27655	119	29	,	,	PUNCT
fbem-27655	119	30	and	and	CCONJ
fbem-27655	119	31	then	then	ADV
fbem-27655	119	32	showed	show	VERB
fbem-27655	119	33	a	a	DET
fbem-27655	119	34	change	change	NOUN
fbem-27655	119	35	of	of	ADP
fbem-27655	119	36	direction	direction	NOUN
fbem-27655	119	37	.	.	PUNCT
fbem-27655	120	1	the	the	DET
fbem-27655	120	2	exchange	exchange	NOUN
fbem-27655	120	3	rate	rate	NOUN
fbem-27655	120	4	,	,	PUNCT
fbem-27655	120	5	consumer	consumer	NOUN
fbem-27655	120	6	confidence	confidence	NOUN
fbem-27655	120	7	index	index	NOUN
fbem-27655	120	8	and	and	CCONJ
fbem-27655	120	9	the	the	DET
fbem-27655	120	10	csi	csi	ADJ
fbem-27655	120	11	300	300	NUM
fbem-27655	120	12	index	index	NOUN
fbem-27655	120	13	all	all	PRON
fbem-27655	120	14	had	have	VERB
fbem-27655	120	15	positive	positive	ADJ
fbem-27655	120	16	spillover	spillover	NOUN
fbem-27655	120	17	effects	effect	NOUN
fbem-27655	120	18	on	on	ADP
fbem-27655	120	19	housing	housing	NOUN
fbem-27655	120	20	prices	price	NOUN
fbem-27655	120	21	in	in	ADP
fbem-27655	120	22	the	the	DET
fbem-27655	120	23	early	early	ADJ
fbem-27655	120	24	stages	stage	NOUN
fbem-27655	120	25	.	.	PUNCT
fbem-27655	121	1	according	accord	VERB
fbem-27655	121	2	to	to	ADP
fbem-27655	121	3	the	the	DET
fbem-27655	121	4	variance	variance	NOUN
fbem-27655	121	5	decomposition	decomposition	NOUN
fbem-27655	121	6	,	,	PUNCT
fbem-27655	121	7	the	the	DET
fbem-27655	121	8	channels	channel	NOUN
fbem-27655	121	9	that	that	PRON
fbem-27655	121	10	cause	cause	VERB
fbem-27655	121	11	housing	housing	NOUN
fbem-27655	121	12	price	price	NOUN
fbem-27655	121	13	fluctuations	fluctuation	NOUN
fbem-27655	121	14	,	,	PUNCT
fbem-27655	121	15	the	the	DET
fbem-27655	121	16	exchange	exchange	NOUN
fbem-27655	121	17	rate	rate	NOUN
fbem-27655	121	18	channel	channel	NOUN
fbem-27655	121	19	is	be	AUX
fbem-27655	121	20	the	the	DET
fbem-27655	121	21	most	most	ADV
fbem-27655	121	22	significant	significant	ADJ
fbem-27655	121	23	.	.	PUNCT
fbem-27655	122	1	in	in	ADP
fbem-27655	122	2	conclusion	conclusion	NOUN
fbem-27655	122	3	,	,	PUNCT
fbem-27655	122	4	when	when	SCONJ
fbem-27655	122	5	the	the	DET
fbem-27655	122	6	monetary	monetary	ADJ
fbem-27655	122	7	policy	policy	NOUN
fbem-27655	122	8	of	of	ADP
fbem-27655	122	9	the	the	DET
fbem-27655	122	10	united	united	PROPN
fbem-27655	122	11	states	states	PROPN
fbem-27655	122	12	begins	begin	VERB
fbem-27655	122	13	to	to	PART
fbem-27655	122	14	adjust	adjust	VERB
fbem-27655	122	15	,	,	PUNCT
fbem-27655	122	16	its	its	PRON
fbem-27655	122	17	impact	impact	NOUN
fbem-27655	122	18	on	on	ADP
fbem-27655	122	19	housing	housing	NOUN
fbem-27655	122	20	prices	price	NOUN
fbem-27655	122	21	is	be	AUX
fbem-27655	122	22	very	very	ADV
fbem-27655	122	23	rapid	rapid	ADJ
fbem-27655	122	24	,	,	PUNCT
fbem-27655	122	25	and	and	CCONJ
fbem-27655	122	26	this	this	DET
fbem-27655	122	27	impact	impact	NOUN
fbem-27655	122	28	is	be	AUX
fbem-27655	122	29	mainly	mainly	ADV
fbem-27655	122	30	transmitted	transmit	VERB
fbem-27655	122	31	to	to	ADP
fbem-27655	122	32	housing	housing	NOUN
fbem-27655	122	33	prices	price	NOUN
fbem-27655	122	34	through	through	ADP
fbem-27655	122	35	exchange	exchange	NOUN
fbem-27655	122	36	rate	rate	NOUN
fbem-27655	122	37	changes	change	NOUN
fbem-27655	122	38	.	.	PUNCT
fbem-27655	123	1	as	as	SCONJ
fbem-27655	123	2	the	the	DET
fbem-27655	123	3	global	global	ADJ
fbem-27655	123	4	economy	economy	NOUN
fbem-27655	123	5	faces	face	VERB
fbem-27655	123	6	a	a	DET
fbem-27655	123	7	complex	complex	ADJ
fbem-27655	123	8	situation	situation	NOUN
fbem-27655	123	9	,	,	PUNCT
fbem-27655	123	10	china	china	PROPN
fbem-27655	123	11	should	should	AUX
fbem-27655	123	12	adopt	adopt	VERB
fbem-27655	123	13	a	a	DET
fbem-27655	123	14	multi	multi	ADJ
fbem-27655	123	15	-	-	ADJ
fbem-27655	123	16	pronged	pronged	ADJ
fbem-27655	123	17	policy	policy	NOUN
fbem-27655	123	18	approach	approach	NOUN
fbem-27655	123	19	to	to	PART
fbem-27655	123	20	reduce	reduce	VERB
fbem-27655	123	21	the	the	DET
fbem-27655	123	22	influence	influence	NOUN
fbem-27655	123	23	of	of	ADP
fbem-27655	123	24	u.s	u.s	PROPN
fbem-27655	123	25	.	.	PROPN
fbem-27655	123	26	monetary	monetary	ADJ
fbem-27655	123	27	policy	policy	NOUN
fbem-27655	123	28	adjustments	adjustment	NOUN
fbem-27655	123	29	.	.	PUNCT
fbem-27655	124	1	first	first	ADV
fbem-27655	124	2	,	,	PUNCT
fbem-27655	124	3	it	it	PRON
fbem-27655	124	4	is	be	AUX
fbem-27655	124	5	necessary	necessary	ADJ
fbem-27655	124	6	to	to	PART
fbem-27655	124	7	further	far	ADV
fbem-27655	124	8	strengthen	strengthen	VERB
fbem-27655	124	9	the	the	DET
fbem-27655	124	10	management	management	NOUN
fbem-27655	124	11	and	and	CCONJ
fbem-27655	124	12	use	use	NOUN
fbem-27655	124	13	of	of	ADP
fbem-27655	124	14	foreign	foreign	ADJ
fbem-27655	124	15	exchange	exchange	NOUN
fbem-27655	124	16	reserves	reserve	NOUN
fbem-27655	124	17	to	to	PART
fbem-27655	124	18	cope	cope	VERB
fbem-27655	124	19	with	with	ADP
fbem-27655	124	20	the	the	DET
fbem-27655	124	21	risks	risk	NOUN
fbem-27655	124	22	brought	bring	VERB
fbem-27655	124	23	about	about	ADP
fbem-27655	124	24	by	by	ADP
fbem-27655	124	25	exchange	exchange	NOUN
fbem-27655	124	26	rate	rate	NOUN
fbem-27655	124	27	fluctuations	fluctuation	NOUN
fbem-27655	124	28	.	.	PUNCT
fbem-27655	125	1	second	second	ADJ
fbem-27655	125	2	,	,	PUNCT
fbem-27655	125	3	policy	policy	NOUN
fbem-27655	125	4	makers	maker	NOUN
fbem-27655	125	5	should	should	AUX
fbem-27655	125	6	also	also	ADV
fbem-27655	125	7	adjust	adjust	VERB
fbem-27655	125	8	the	the	DET
fbem-27655	125	9	domestic	domestic	ADJ
fbem-27655	125	10	policy	policy	NOUN
fbem-27655	125	11	on	on	ADP
fbem-27655	125	12	interest	interest	NOUN
fbem-27655	125	13	rate	rate	NOUN
fbem-27655	125	14	in	in	ADP
fbem-27655	125	15	a	a	DET
fbem-27655	125	16	timely	timely	ADJ
fbem-27655	125	17	manner	manner	NOUN
fbem-27655	125	18	to	to	PART
fbem-27655	125	19	alleviate	alleviate	VERB
fbem-27655	125	20	the	the	DET
fbem-27655	125	21	negative	negative	ADJ
fbem-27655	125	22	influence	influence	NOUN
fbem-27655	125	23	of	of	ADP
fbem-27655	125	24	u.s	u.s	PROPN
fbem-27655	125	25	.	.	PROPN
fbem-27655	125	26	interest	interest	NOUN
fbem-27655	125	27	rate	rate	NOUN
fbem-27655	125	28	hikes	hike	NOUN
fbem-27655	125	29	on	on	ADP
fbem-27655	125	30	china	china	PROPN
fbem-27655	125	31	's	's	PART
fbem-27655	125	32	capital	capital	NOUN
fbem-27655	125	33	market	market	NOUN
fbem-27655	125	34	and	and	CCONJ
fbem-27655	125	35	real	real	ADJ
fbem-27655	125	36	estate	estate	NOUN
fbem-27655	125	37	market	market	NOUN
fbem-27655	125	38	.	.	PUNCT
fbem-27655	126	1	in	in	ADP
fbem-27655	126	2	addition	addition	NOUN
fbem-27655	126	3	,	,	PUNCT
fbem-27655	126	4	the	the	DET
fbem-27655	126	5	government	government	NOUN
fbem-27655	126	6	should	should	AUX
fbem-27655	126	7	take	take	VERB
fbem-27655	126	8	measures	measure	NOUN
fbem-27655	126	9	to	to	PART
fbem-27655	126	10	stabilize	stabilize	VERB
fbem-27655	126	11	consumer	consumer	NOUN
fbem-27655	126	12	confidence	confidence	NOUN
fbem-27655	126	13	and	and	CCONJ
fbem-27655	126	14	promote	promote	VERB
fbem-27655	126	15	the	the	DET
fbem-27655	126	16	robust	robust	ADJ
fbem-27655	126	17	and	and	CCONJ
fbem-27655	126	18	sustained	sustained	ADJ
fbem-27655	126	19	development	development	NOUN
fbem-27655	126	20	of	of	ADP
fbem-27655	126	21	the	the	DET
fbem-27655	126	22	real	real	ADJ
fbem-27655	126	23	estate	estate	NOUN
fbem-27655	126	24	market	market	NOUN
fbem-27655	126	25	,	,	PUNCT
fbem-27655	126	26	such	such	ADJ
fbem-27655	126	27	as	as	ADP
fbem-27655	126	28	supporting	support	VERB
fbem-27655	126	29	first	first	ADJ
fbem-27655	126	30	-	-	PUNCT
fbem-27655	126	31	time	time	NOUN
fbem-27655	126	32	home	home	NOUN
fbem-27655	126	33	buyers	buyer	NOUN
fbem-27655	126	34	and	and	CCONJ
fbem-27655	126	35	those	those	PRON
fbem-27655	126	36	with	with	ADP
fbem-27655	126	37	rigid	rigid	ADJ
fbem-27655	126	38	demand	demand	NOUN
fbem-27655	126	39	through	through	ADP
fbem-27655	126	40	tax	tax	NOUN
fbem-27655	126	41	cuts	cut	NOUN
fbem-27655	126	42	and	and	CCONJ
fbem-27655	126	43	subsidies	subsidy	NOUN
fbem-27655	126	44	.	.	PUNCT
fbem-27655	127	1	these	these	DET
fbem-27655	127	2	policy	policy	NOUN
fbem-27655	127	3	measures	measure	NOUN
fbem-27655	127	4	will	will	AUX
fbem-27655	127	5	help	help	VERB
fbem-27655	127	6	reduce	reduce	VERB
fbem-27655	127	7	the	the	DET
fbem-27655	127	8	spillover	spillover	ADJ
fbem-27655	127	9	effect	effect	NOUN
fbem-27655	127	10	of	of	ADP
fbem-27655	127	11	external	external	ADJ
fbem-27655	127	12	economic	economic	ADJ
fbem-27655	127	13	fluctuations	fluctuation	NOUN
fbem-27655	127	14	on	on	ADP
fbem-27655	127	15	the	the	DET
fbem-27655	127	16	domestic	domestic	ADJ
fbem-27655	127	17	real	real	ADJ
fbem-27655	127	18	estate	estate	NOUN
fbem-27655	127	19	market	market	NOUN
fbem-27655	127	20	and	and	CCONJ
fbem-27655	127	21	maintain	maintain	VERB
fbem-27655	127	22	market	market	NOUN
fbem-27655	127	23	stability	stability	NOUN
fbem-27655	127	24	.	.	PUNCT
fbem-27655	128	1	references	reference	NOUN
fbem-27655	128	2	[	[	X
fbem-27655	128	3	1	1	NUM
fbem-27655	128	4	]	]	X
fbem-27655	128	5	liu	liu	PROPN
fbem-27655	128	6	m.m	m.m	PROPN
fbem-27655	128	7	.	.	PROPN
fbem-27655	128	8	(	(	PUNCT
fbem-27655	128	9	2019	2019	NUM
fbem-27655	128	10	)	)	PUNCT
fbem-27655	128	11	research	research	NOUN
fbem-27655	128	12	on	on	ADP
fbem-27655	128	13	the	the	DET
fbem-27655	128	14	impact	impact	NOUN
fbem-27655	128	15	of	of	ADP
fbem-27655	128	16	us	us	PROPN
fbem-27655	128	17	monetary	monetary	ADJ
fbem-27655	128	18	policy	policy	NOUN
fbem-27655	128	19	’s	’s	PART
fbem-27655	128	20	adjustment	adjustment	NOUN
fbem-27655	128	21	on	on	ADP
fbem-27655	128	22	china	china	PROPN
fbem-27655	128	23	’s	’s	PART
fbem-27655	128	24	stock	stock	NOUN
fbem-27655	128	25	market	market	NOUN
fbem-27655	128	26	price	price	NOUN
fbem-27655	128	27	—	—	PUNCT
fbem-27655	128	28	—	—	PUNCT
fbem-27655	128	29	based	base	VERB
fbem-27655	128	30	on	on	ADP
fbem-27655	128	31	the	the	DET
fbem-27655	128	32	perspectives	perspective	NOUN
fbem-27655	128	33	of	of	ADP
fbem-27655	128	34	fed	fed	PROPN
fbem-27655	128	35	’s	’s	PART
fbem-27655	128	36	interest	interest	NOUN
fbem-27655	128	37	rate	rate	NOUN
fbem-27655	128	38	increase	increase	NOUN
fbem-27655	128	39	.	.	PUNCT
fbem-27655	129	1	dongbei	dongbei	PROPN
fbem-27655	129	2	university	university	PROPN
fbem-27655	129	3	of	of	ADP
fbem-27655	129	4	finance	finance	NOUN
fbem-27655	129	5	and	and	CCONJ
fbem-27655	129	6	economics	economic	NOUN
fbem-27655	129	7	.	.	PUNCT
fbem-27655	130	1	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwv	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwv	NOUN
fbem-27655	130	2	qzlfepxx1a_zqts_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatfor	qzlfepxx1a_zqts_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatfor	ADP
fbem-27655	130	3	m	m	NOUN
fbem-27655	130	4	=	=	NOUN
fbem-27655	130	5	nzkpt&language	nzkpt&language	NOUN
fbem-27655	130	6	=	=	SYM
fbem-27655	130	7	chs	chs	NOUN
fbem-27655	130	8	[	[	X
fbem-27655	130	9	2	2	NUM
fbem-27655	130	10	]	]	PUNCT
fbem-27655	130	11	wang	wang	PROPN
fbem-27655	130	12	j.	j.	PROPN
fbem-27655	130	13	(	(	PUNCT
fbem-27655	130	14	2024	2024	NUM
fbem-27655	130	15	)	)	PUNCT
fbem-27655	130	16	research	research	NOUN
fbem-27655	130	17	on	on	ADP
fbem-27655	130	18	china	china	PROPN
fbem-27655	130	19	’s	’s	PART
fbem-27655	130	20	short	short	ADJ
fbem-27655	130	21	-	-	PUNCT
fbem-27655	130	22	term	term	NOUN
fbem-27655	130	23	cross	cross	ADJ
fbem-27655	130	24	-	-	ADJ
fbem-27655	130	25	border	border	ADJ
fbem-27655	130	26	capital	capital	NOUN
fbem-27655	130	27	flows	flow	NOUN
fbem-27655	130	28	under	under	ADP
fbem-27655	130	29	the	the	DET
fbem-27655	130	30	background	background	NOUN
fbem-27655	130	31	of	of	ADP
fbem-27655	130	32	the	the	DET
fbem-27655	130	33	federal	federal	PROPN
fbem-27655	130	34	reserve	reserve	PROPN
fbem-27655	130	35	's	's	PART
fbem-27655	130	36	interest	interest	NOUN
fbem-27655	130	37	rate	rate	NOUN
fbem-27655	130	38	hike	hike	NOUN
fbem-27655	130	39	cycle	cycle	NOUN
fbem-27655	130	40	.	.	PUNCT
fbem-27655	131	1	http://www.chinaforex.com.cn/index.php/cms/item-view-id52892.shtml	http://www.chinaforex.com.cn/index.php/cms/item-view-id52892.shtml	X
fbem-27655	131	2	.	.	PUNCT
fbem-27655	132	1	[	[	X
fbem-27655	132	2	3	3	NUM
fbem-27655	132	3	]	]	X
fbem-27655	132	4	ehrmann	ehrmann	NOUN
fbem-27655	132	5	,	,	PUNCT
fbem-27655	132	6	m.	m.	NOUN
fbem-27655	132	7	and	and	CCONJ
fbem-27655	132	8	fratzscher	fratzscher	NOUN
fbem-27655	132	9	,	,	PUNCT
fbem-27655	132	10	m.	m.	NOUN
fbem-27655	132	11	(	(	PUNCT
fbem-27655	132	12	2009	2009	NUM
fbem-27655	132	13	)	)	PUNCT
fbem-27655	132	14	global	global	ADJ
fbem-27655	132	15	financial	financial	ADJ
fbem-27655	132	16	transmission	transmission	NOUN
fbem-27655	132	17	of	of	ADP
fbem-27655	132	18	monetary	monetary	ADJ
fbem-27655	132	19	policy	policy	NOUN
fbem-27655	132	20	shocks†.	shocks†.	NUM
fbem-27655	132	21	oxford	oxford	ADJ
fbem-27655	132	22	bulletin	bulletin	NOUN
fbem-27655	132	23	of	of	ADP
fbem-27655	132	24	economics	economic	NOUN
fbem-27655	132	25	and	and	CCONJ
fbem-27655	132	26	statistics	statistic	NOUN
fbem-27655	132	27	,	,	PUNCT
fbem-27655	132	28	71	71	NUM
fbem-27655	132	29	:	:	SYM
fbem-27655	132	30	739	739	NUM
fbem-27655	132	31	-	-	SYM
fbem-27655	132	32	759	759	NUM
fbem-27655	132	33	.	.	PUNCT
fbem-27655	133	1	https://doi.org/10.1111/j.1468-0084.2009.00561.x	https://doi.org/10.1111/j.1468-0084.2009.00561.x	NOUN
fbem-27655	134	1	[	[	X
fbem-27655	134	2	4	4	X
fbem-27655	134	3	]	]	X
fbem-27655	134	4	maćkowiak	maćkowiak	PROPN
fbem-27655	134	5	b.	b.	PROPN
fbem-27655	134	6	(	(	PUNCT
fbem-27655	134	7	2007	2007	NUM
fbem-27655	134	8	)	)	PUNCT
fbem-27655	134	9	external	external	ADJ
fbem-27655	134	10	shocks	shock	NOUN
fbem-27655	134	11	,	,	PUNCT
fbem-27655	134	12	u.s	u.s	PROPN
fbem-27655	134	13	.	.	PROPN
fbem-27655	134	14	monetary	monetary	ADJ
fbem-27655	134	15	policy	policy	NOUN
fbem-27655	134	16	and	and	CCONJ
fbem-27655	134	17	macroeconomic	macroeconomic	ADJ
fbem-27655	134	18	fluctuations	fluctuation	NOUN
fbem-27655	134	19	in	in	ADP
fbem-27655	134	20	emerging	emerge	VERB
fbem-27655	134	21	markets	market	NOUN
fbem-27655	134	22	.	.	PUNCT
fbem-27655	135	1	journal	journal	NOUN
fbem-27655	135	2	of	of	ADP
fbem-27655	135	3	monetary	monetary	ADJ
fbem-27655	135	4	economics	economic	NOUN
fbem-27655	135	5	,	,	PUNCT
fbem-27655	135	6	54(8	54(8	NUM
fbem-27655	135	7	):	):	PUNCT
fbem-27655	135	8	2512	2512	NUM
fbem-27655	135	9	-	-	SYM
fbem-27655	135	10	2520	2520	NUM
fbem-27655	135	11	.	.	PUNCT
fbem-27655	136	1	[	[	X
fbem-27655	136	2	5	5	NUM
fbem-27655	136	3	]	]	X
fbem-27655	136	4	jia	jia	PROPN
fbem-27655	136	5	s.l	s.l	PROPN
fbem-27655	136	6	.	.	PROPN
fbem-27655	136	7	(	(	PUNCT
fbem-27655	136	8	2012	2012	NUM
fbem-27655	136	9	)	)	PUNCT
fbem-27655	136	10	monetary	monetary	ADJ
fbem-27655	136	11	policy	policy	NOUN
fbem-27655	136	12	changes	change	NOUN
fbem-27655	136	13	and	and	CCONJ
fbem-27655	136	14	domestic	domestic	ADJ
fbem-27655	136	15	asset	asset	NOUN
fbem-27655	136	16	price	price	NOUN
fbem-27655	136	17	regulation	regulation	NOUN
fbem-27655	136	18	in	in	ADP
fbem-27655	136	19	china	china	PROPN
fbem-27655	136	20	and	and	CCONJ
fbem-27655	136	21	the	the	DET
fbem-27655	136	22	united	united	PROPN
fbem-27655	136	23	states	states	PROPN
fbem-27655	136	24	.	.	PUNCT
fbem-27655	137	1	j.	j.	PROPN
fbem-27655	137	2	inquiry	inquiry	PROPN
fbem-27655	137	3	into	into	ADP
fbem-27655	137	4	economic	economic	ADJ
fbem-27655	137	5	issues	issue	NOUN
fbem-27655	137	6	,	,	PUNCT
fbem-27655	137	7	2	2	NUM
fbem-27655	137	8	:	:	SYM
fbem-27655	137	9	014	014	NUM
fbem-27655	137	10	.	.	PUNCT
fbem-27655	138	1	[	[	X
fbem-27655	138	2	6	6	NUM
fbem-27655	138	3	]	]	X
fbem-27655	138	4	liu	liu	PROPN
fbem-27655	138	5	,	,	PUNCT
fbem-27655	138	6	w.	w.	PROPN
fbem-27655	138	7	j.	j.	PROPN
fbem-27655	138	8	,	,	PUNCT
fbem-27655	138	9	ding	ding	PROPN
fbem-27655	138	10	y.	y.	PROPN
fbem-27655	138	11	,	,	PUNCT
fbem-27655	138	12	sui	sui	PROPN
fbem-27655	138	13	j.l	j.l	PROPN
fbem-27655	138	14	.	.	PROPN
fbem-27655	138	15	(	(	PUNCT
fbem-27655	138	16	2015	2015	NUM
fbem-27655	138	17	)	)	PUNCT
fbem-27655	138	18	research	research	NOUN
fbem-27655	138	19	on	on	ADP
fbem-27655	138	20	the	the	DET
fbem-27655	138	21	spillover	spillover	ADJ
fbem-27655	138	22	effect	effect	NOUN
fbem-27655	138	23	of	of	ADP
fbem-27655	138	24	monetary	monetary	NOUN
fbem-27655	138	25	on	on	ADP
fbem-27655	138	26	real	real	ADJ
fbem-27655	138	27	estate	estate	NOUN
fbem-27655	138	28	prices	price	NOUN
fbem-27655	138	29	in	in	ADP
fbem-27655	138	30	china	china	PROPN
fbem-27655	138	31	—	—	PUNCT
fbem-27655	138	32	—	—	PUNCT
fbem-27655	138	33	a	a	DET
fbem-27655	138	34	case	case	NOUN
fbem-27655	138	35	study	study	NOUN
fbem-27655	138	36	of	of	ADP
fbem-27655	138	37	the	the	DET
fbem-27655	138	38	united	united	PROPN
fbem-27655	138	39	states	states	PROPN
fbem-27655	138	40	.	.	PUNCT
fbem-27655	139	1	j.	j.	PROPN
fbem-27655	139	2	inquiry	inquiry	PROPN
fbem-27655	139	3	into	into	ADP
fbem-27655	139	4	economic	economic	ADJ
fbem-27655	139	5	issues	issue	NOUN
fbem-27655	139	6	,	,	PUNCT
fbem-27655	139	7	8:127	8:127	NUM
fbem-27655	139	8	-	-	SYM
fbem-27655	139	9	133	133	NUM
fbem-27655	139	10	.	.	PUNCT
fbem-27655	140	1	[	[	X
fbem-27655	140	2	7	7	X
fbem-27655	140	3	]	]	X
fbem-27655	140	4	wu	wu	PROPN
fbem-27655	140	5	t.l	t.l	PROPN
fbem-27655	140	6	.	.	PUNCT
fbem-27655	140	7	(	(	PUNCT
fbem-27655	140	8	2019	2019	NUM
fbem-27655	140	9	)	)	PUNCT
fbem-27655	140	10	research	research	NOUN
fbem-27655	140	11	on	on	ADP
fbem-27655	140	12	the	the	DET
fbem-27655	140	13	impact	impact	NOUN
fbem-27655	140	14	of	of	ADP
fbem-27655	140	15	fed	fed	PROPN
fbem-27655	140	16	’s	’s	PART
fbem-27655	140	17	interest	interest	NOUN
fbem-27655	140	18	rate	rate	NOUN
fbem-27655	140	19	hikes	hike	NOUN
fbem-27655	140	20	on	on	ADP
fbem-27655	140	21	china	china	PROPN
fbem-27655	140	22	’s	’s	PART
fbem-27655	140	23	real	real	ADJ
fbem-27655	140	24	estate	estate	NOUN
fbem-27655	140	25	market	market	NOUN
fbem-27655	140	26	.	.	PUNCT
fbem-27655	141	1	j.	j.	PROPN
fbem-27655	141	2	economic	economic	PROPN
fbem-27655	141	3	research	research	PROPN
fbem-27655	141	4	guide	guide	NOUN
fbem-27655	141	5	,	,	PUNCT
fbem-27655	141	6	6	6	NUM
fbem-27655	141	7	:	:	SYM
fbem-27655	141	8	133	133	NUM
fbem-27655	141	9	-	-	SYM
fbem-27655	141	10	135	135	NUM
fbem-27655	141	11	.	.	PUNCT
fbem-27655	142	1	[	[	X
fbem-27655	142	2	8	8	NUM
fbem-27655	142	3	]	]	X
fbem-27655	142	4	liu	liu	PROPN
fbem-27655	142	5	h.b	h.b	PROPN
fbem-27655	142	6	.	.	PROPN
fbem-27655	142	7	(	(	PUNCT
fbem-27655	142	8	2024	2024	NUM
fbem-27655	142	9	)	)	PUNCT
fbem-27655	142	10	the	the	DET
fbem-27655	142	11	spillover	spillover	ADJ
fbem-27655	142	12	effect	effect	NOUN
fbem-27655	142	13	of	of	ADP
fbem-27655	142	14	the	the	DET
fbem-27655	142	15	impact	impact	NOUN
fbem-27655	142	16	of	of	ADP
fbem-27655	142	17	the	the	DET
fbem-27655	142	18	federal	federal	PROPN
fbem-27655	142	19	reserve	reserve	PROPN
fbem-27655	142	20	’s	’s	PART
fbem-27655	142	21	interest	interest	NOUN
fbem-27655	142	22	rate	rate	NOUN
fbem-27655	142	23	hike	hike	PROPN
fbem-27655	142	24	on	on	ADP
fbem-27655	142	25	china	china	PROPN
fbem-27655	142	26	’s	’s	PART
fbem-27655	142	27	real	real	ADJ
fbem-27655	142	28	estate	estate	NOUN
fbem-27655	142	29	market	market	NOUN
fbem-27655	142	30	and	and	CCONJ
fbem-27655	142	31	its	its	PRON
fbem-27655	142	32	response	response	NOUN
fbem-27655	142	33	.	.	PUNCT
fbem-27655	143	1	journal	journal	NOUN
fbem-27655	143	2	of	of	ADP
fbem-27655	143	3	yibin	yibin	PROPN
fbem-27655	143	4	university	university	NOUN
fbem-27655	143	5	,	,	PUNCT
fbem-27655	143	6	01	01	NUM
fbem-27655	143	7	:	:	SYM
fbem-27655	143	8	30	30	NUM
fbem-27655	143	9	-	-	SYM
fbem-27655	143	10	40	40	NUM
fbem-27655	143	11	.	.	PUNCT
fbem-27655	144	1	doi:10.19504	doi:10.19504	NOUN
fbem-27655	144	2	/	/	SYM
fbem-27655	144	3	j.cnki.issn1671	j.cnki.issn1671	NOUN
fbem-27655	144	4	-	-	PUNCT
fbem-27655	144	5	5365.2024.01.04	5365.2024.01.04	NUM
fbem-27655	144	6	.	.	PUNCT
fbem-27655	145	1	[	[	X
fbem-27655	145	2	9	9	NUM
fbem-27655	145	3	]	]	PUNCT
fbem-27655	145	4	nie	nie	PROPN
fbem-27655	145	5	a.d	a.d	PROPN
fbem-27655	145	6	.	.	PROPN
fbem-27655	145	7	,	,	PUNCT
fbem-27655	145	8	zhang	zhang	PROPN
fbem-27655	145	9	h.	h.	PROPN
fbem-27655	145	10	(	(	PUNCT
fbem-27655	145	11	2016	2016	NUM
fbem-27655	145	12	)	)	PUNCT
fbem-27655	145	13	the	the	DET
fbem-27655	145	14	impact	impact	NOUN
fbem-27655	145	15	of	of	ADP
fbem-27655	145	16	the	the	DET
fbem-27655	145	17	federal	federal	PROPN
fbem-27655	145	18	reserve	reserve	PROPN
fbem-27655	145	19	’s	’s	PART
fbem-27655	145	20	interest	interest	NOUN
fbem-27655	145	21	rate	rate	NOUN
fbem-27655	145	22	hike	hike	PROPN
fbem-27655	145	23	on	on	ADP
fbem-27655	145	24	china	china	PROPN
fbem-27655	145	25	’s	’s	PART
fbem-27655	145	26	real	real	ADJ
fbem-27655	145	27	estate	estate	NOUN
fbem-27655	145	28	market	market	NOUN
fbem-27655	145	29	and	and	CCONJ
fbem-27655	145	30	overseas	overseas	ADJ
fbem-27655	145	31	investment	investment	NOUN
fbem-27655	145	32	.	.	PUNCT
fbem-27655	146	1	housing	housing	NOUN
fbem-27655	146	2	and	and	CCONJ
fbem-27655	146	3	real	real	ADJ
fbem-27655	146	4	estate	estate	NOUN
fbem-27655	146	5	,	,	PUNCT
fbem-27655	146	6	02:30	02:30	NUM
fbem-27655	146	7	-	-	SYM
fbem-27655	146	8	32	32	NUM
fbem-27655	146	9	.	.	PUNCT
fbem-27655	146	10	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	11	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	12	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	13	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	14	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	15	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	https://kns.cnki.net/kcms2/article/abstract?v=9ujk0-enmqjx2pmr1as4txfz16mzhrnwgrqkqfepu9-npicyha4puozskp_g4rswo4ehuywfdz26lwnbjxwzfwvqzlfepxx1a_zqts-_poiyidvj4ncowusz20yetwqrgzv_y6k1sgk=&uniplatform=nzkpt&language=chs	NOUN
fbem-27655	146	16	http://www.chinaforex.com.cn/index.php/cms/item-view-id-52892.shtml	http://www.chinaforex.com.cn/index.php/cms/item-view-id-52892.shtml	PUNCT
fbem-27655	146	17	http://www.chinaforex.com.cn/index.php/cms/item-view-id-52892.shtml	http://www.chinaforex.com.cn/index.php/cms/item-view-id-52892.shtml	PROPN
fbem-27655	146	18	https://onlinelibrary.wiley.com/action/showcitformats?doi=10.1111%2fj.1468-0084.2009.00561.x#fn1	https://onlinelibrary.wiley.com/action/showcitformats?doi=10.1111%2fj.1468-0084.2009.00561.x#fn1	PROPN
fbem-27655	146	19	https://doi.org/10.1111/j.1468-0084.2009.00561.x	https://doi.org/10.1111/j.1468-0084.2009.00561.x	NOUN