id	sid	tid	token	lemma	pos
gujaf-163	1	1	gusau	gusau	PROPN
gujaf-163	1	2	journal	journal	NOUN
gujaf-163	1	3	of	of	ADP
gujaf-163	1	4	accounting	accounting	NOUN
gujaf-163	1	5	and	and	CCONJ
gujaf-163	1	6	finance	finance	NOUN
gujaf-163	1	7	,	,	PUNCT
gujaf-163	1	8	vol	vol	NOUN
gujaf-163	1	9	.	.	PUNCT
gujaf-163	1	10	2(3	2(3	NUM
gujaf-163	1	11	)	)	PUNCT
gujaf-163	1	12	,	,	PUNCT
gujaf-163	1	13	april	april	PROPN
gujaf-163	1	14	,	,	PUNCT
gujaf-163	1	15	2021	2021	NUM
gujaf-163	1	16	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	1	17	1	1	NUM
gujaf-163	1	18	gusau	gusau	ADJ
gujaf-163	1	19	journal	journal	NOUN
gujaf-163	1	20	of	of	ADP
gujaf-163	1	21	accounting	accounting	NOUN
gujaf-163	1	22	and	and	CCONJ
gujaf-163	1	23	finance	finance	NOUN
gujaf-163	1	24	(	(	PUNCT
gujaf-163	1	25	gujaf	gujaf	NOUN
gujaf-163	1	26	)	)	PUNCT
gujaf-163	1	27	vol	vol	NOUN
gujaf-163	1	28	.	.	NOUN
gujaf-163	1	29	2	2	NUM
gujaf-163	1	30	issue	issue	NOUN
gujaf-163	1	31	3	3	NUM
gujaf-163	1	32	,	,	PUNCT
gujaf-163	1	33	april	april	PROPN
gujaf-163	1	34	,	,	PUNCT
gujaf-163	1	35	2021	2021	NUM
gujaf-163	1	36	issn	issn	X
gujaf-163	1	37	:	:	PUNCT
gujaf-163	1	38	2756	2756	NUM
gujaf-163	1	39	-	-	SYM
gujaf-163	1	40	6897	6897	NUM
gujaf-163	1	41	a	a	DET
gujaf-163	1	42	publication	publication	NOUN
gujaf-163	1	43	of	of	ADP
gujaf-163	1	44	department	department	NOUN
gujaf-163	1	45	of	of	ADP
gujaf-163	1	46	accounting	accounting	NOUN
gujaf-163	1	47	and	and	CCONJ
gujaf-163	1	48	finance	finance	NOUN
gujaf-163	1	49	,	,	PUNCT
gujaf-163	1	50	faculty	faculty	NOUN
gujaf-163	1	51	of	of	ADP
gujaf-163	1	52	management	management	NOUN
gujaf-163	1	53	and	and	CCONJ
gujaf-163	1	54	social	social	ADJ
gujaf-163	1	55	sciences	science	NOUN
gujaf-163	1	56	,	,	PUNCT
gujaf-163	1	57	federal	federal	ADJ
gujaf-163	1	58	university	university	NOUN
gujaf-163	1	59	gusau	gusau	NOUN
gujaf-163	1	60	,	,	PUNCT
gujaf-163	1	61	zamfara	zamfara	PROPN
gujaf-163	1	62	state	state	PROPN
gujaf-163	1	63	–	–	PUNCT
gujaf-163	1	64	nigeria	nigeria	PROPN
gujaf-163	1	65	gusau	gusau	PROPN
gujaf-163	1	66	journal	journal	PROPN
gujaf-163	1	67	of	of	ADP
gujaf-163	1	68	accounting	accounting	NOUN
gujaf-163	1	69	and	and	CCONJ
gujaf-163	1	70	finance	finance	NOUN
gujaf-163	1	71	,	,	PUNCT
gujaf-163	1	72	vol	vol	NOUN
gujaf-163	1	73	.	.	PUNCT
gujaf-163	1	74	2(3	2(3	NUM
gujaf-163	1	75	)	)	PUNCT
gujaf-163	1	76	,	,	PUNCT
gujaf-163	1	77	april	april	PROPN
gujaf-163	1	78	,	,	PUNCT
gujaf-163	1	79	2021	2021	NUM
gujaf-163	1	80	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	1	81	2	2	NUM
gujaf-163	1	82	interest	interest	NOUN
gujaf-163	1	83	rate	rate	NOUN
gujaf-163	1	84	responses	response	NOUN
gujaf-163	1	85	to	to	ADP
gujaf-163	1	86	monetary	monetary	ADJ
gujaf-163	1	87	policy	policy	NOUN
gujaf-163	1	88	committee	committee	NOUN
gujaf-163	1	89	meetings	meeting	NOUN
gujaf-163	1	90	/	/	SYM
gujaf-163	1	91	communique	communique	NOUN
gujaf-163	1	92	in	in	ADP
gujaf-163	1	93	nigeria	nigeria	PROPN
gujaf-163	1	94	mutiu	mutiu	PROPN
gujaf-163	1	95	abdulganiyu	abdulganiyu	PROPN
gujaf-163	1	96	department	department	PROPN
gujaf-163	1	97	of	of	ADP
gujaf-163	1	98	economics	economics	PROPN
gujaf-163	1	99	federal	federal	PROPN
gujaf-163	1	100	university	university	PROPN
gujaf-163	1	101	gusau	gusau	PROPN
gujaf-163	1	102	,	,	PUNCT
gujaf-163	1	103	zamfara	zamfara	PROPN
gujaf-163	1	104	state	state	PROPN
gujaf-163	1	105	+238134539669	+238134539669	PROPN
gujaf-163	1	106	,	,	PUNCT
gujaf-163	1	107	mutiuganiyu1031@gmail.com	mutiuganiyu1031@gmail.com	PROPN
gujaf-163	1	108	hussaini	hussaini	PROPN
gujaf-163	1	109	dambo	dambo	PROPN
gujaf-163	1	110	department	department	PROPN
gujaf-163	1	111	of	of	ADP
gujaf-163	1	112	economics	economics	PROPN
gujaf-163	1	113	federal	federal	PROPN
gujaf-163	1	114	university	university	PROPN
gujaf-163	1	115	gusau	gusau	PROPN
gujaf-163	1	116	,	,	PUNCT
gujaf-163	1	117	zamfara	zamfara	PROPN
gujaf-163	1	118	state	state	PROPN
gujaf-163	1	119	+238032369836	+238032369836	NOUN
gujaf-163	1	120	,	,	PUNCT
gujaf-163	1	121	useiy2009@gmail.com	useiy2009@gmail.com	X
gujaf-163	2	1	abstract	abstract	ADJ
gujaf-163	2	2	in	in	ADP
gujaf-163	2	3	recent	recent	ADJ
gujaf-163	2	4	time	time	NOUN
gujaf-163	2	5	the	the	DET
gujaf-163	2	6	central	central	ADJ
gujaf-163	2	7	banks	bank	NOUN
gujaf-163	2	8	cross	cross	VERB
gujaf-163	2	9	the	the	DET
gujaf-163	2	10	globe	globe	NOUN
gujaf-163	2	11	employ	employ	VERB
gujaf-163	2	12	a	a	DET
gujaf-163	2	13	range	range	NOUN
gujaf-163	2	14	of	of	ADP
gujaf-163	2	15	avenues	avenue	NOUN
gujaf-163	2	16	to	to	PART
gujaf-163	2	17	communicate	communicate	VERB
gujaf-163	2	18	their	their	PRON
gujaf-163	2	19	monetary	monetary	ADJ
gujaf-163	2	20	policy	policy	NOUN
gujaf-163	2	21	decisions	decision	NOUN
gujaf-163	2	22	and	and	CCONJ
gujaf-163	2	23	explain	explain	VERB
gujaf-163	2	24	to	to	ADP
gujaf-163	2	25	financial	financial	ADJ
gujaf-163	2	26	markets	market	NOUN
gujaf-163	2	27	and	and	CCONJ
gujaf-163	2	28	the	the	DET
gujaf-163	2	29	general	general	ADJ
gujaf-163	2	30	public	public	NOUN
gujaf-163	2	31	the	the	DET
gujaf-163	2	32	reason	reason	NOUN
gujaf-163	2	33	for	for	ADP
gujaf-163	2	34	their	their	PRON
gujaf-163	2	35	policy	policy	NOUN
gujaf-163	2	36	actions	action	NOUN
gujaf-163	2	37	.	.	PUNCT
gujaf-163	3	1	this	this	DET
gujaf-163	3	2	communication	communication	NOUN
gujaf-163	3	3	,	,	PUNCT
gujaf-163	3	4	in	in	ADP
gujaf-163	3	5	turn	turn	NOUN
gujaf-163	3	6	,	,	PUNCT
gujaf-163	3	7	gives	give	VERB
gujaf-163	3	8	signals	signal	NOUN
gujaf-163	3	9	to	to	ADP
gujaf-163	3	10	the	the	DET
gujaf-163	3	11	financial	financial	ADJ
gujaf-163	3	12	markets	market	NOUN
gujaf-163	3	13	regarding	regard	VERB
gujaf-163	3	14	the	the	DET
gujaf-163	3	15	future	future	ADJ
gujaf-163	3	16	trajectories	trajectory	NOUN
gujaf-163	3	17	of	of	ADP
gujaf-163	3	18	governmental	governmental	ADJ
gujaf-163	3	19	activities	activity	NOUN
gujaf-163	3	20	.	.	PUNCT
gujaf-163	4	1	this	this	DET
gujaf-163	4	2	study	study	NOUN
gujaf-163	4	3	therefore	therefore	ADV
gujaf-163	4	4	investigated	investigate	VERB
gujaf-163	4	5	the	the	DET
gujaf-163	4	6	sensitivity	sensitivity	NOUN
gujaf-163	4	7	of	of	ADP
gujaf-163	4	8	interest	interest	NOUN
gujaf-163	4	9	rate	rate	NOUN
gujaf-163	4	10	to	to	ADP
gujaf-163	4	11	mpc	mpc	NOUN
gujaf-163	4	12	communication	communication	NOUN
gujaf-163	4	13	from	from	ADP
gujaf-163	4	14	1st	1st	ADJ
gujaf-163	4	15	january	january	PROPN
gujaf-163	4	16	,	,	PUNCT
gujaf-163	4	17	2010	2010	NUM
gujaf-163	4	18	to	to	ADP
gujaf-163	4	19	30th	30th	ADJ
gujaf-163	4	20	june	june	PROPN
gujaf-163	4	21	,	,	PUNCT
gujaf-163	4	22	2020	2020	NUM
gujaf-163	4	23	in	in	ADP
gujaf-163	4	24	nigera	nigera	NOUN
gujaf-163	4	25	.	.	PUNCT
gujaf-163	5	1	series	series	NOUN
gujaf-163	5	2	of	of	ADP
gujaf-163	5	3	test	test	NOUN
gujaf-163	5	4	were	be	AUX
gujaf-163	5	5	carryout	carryout	NOUN
gujaf-163	5	6	and	and	CCONJ
gujaf-163	5	7	egarch	egarch	NOUN
gujaf-163	5	8	was	be	AUX
gujaf-163	5	9	chosen	choose	VERB
gujaf-163	5	10	as	as	ADP
gujaf-163	5	11	the	the	DET
gujaf-163	5	12	appropriate	appropriate	ADJ
gujaf-163	5	13	techniques	technique	NOUN
gujaf-163	5	14	in	in	ADP
gujaf-163	5	15	which	which	PRON
gujaf-163	5	16	dummy	dummy	ADJ
gujaf-163	5	17	variable	variable	NOUN
gujaf-163	5	18	was	be	AUX
gujaf-163	5	19	used	use	VERB
gujaf-163	5	20	to	to	PART
gujaf-163	5	21	capture	capture	VERB
gujaf-163	5	22	the	the	DET
gujaf-163	5	23	meeting	meeting	NOUN
gujaf-163	5	24	days	day	NOUN
gujaf-163	5	25	in	in	ADP
gujaf-163	5	26	the	the	DET
gujaf-163	5	27	variance	variance	NOUN
gujaf-163	5	28	equation	equation	NOUN
gujaf-163	5	29	.	.	PUNCT
gujaf-163	6	1	data	datum	NOUN
gujaf-163	6	2	of	of	ADP
gujaf-163	6	3	monetary	monetary	ADJ
gujaf-163	6	4	policy	policy	NOUN
gujaf-163	6	5	were	be	AUX
gujaf-163	6	6	sourced	source	VERB
gujaf-163	6	7	from	from	ADP
gujaf-163	6	8	cbn	cbn	PROPN
gujaf-163	6	9	website	website	NOUN
gujaf-163	6	10	.	.	PUNCT
gujaf-163	7	1	the	the	DET
gujaf-163	7	2	results	result	NOUN
gujaf-163	7	3	of	of	ADP
gujaf-163	7	4	an	an	DET
gujaf-163	7	5	egarch	egarch	NOUN
gujaf-163	7	6	model	model	NOUN
gujaf-163	7	7	show	show	VERB
gujaf-163	7	8	that	that	SCONJ
gujaf-163	7	9	the	the	DET
gujaf-163	7	10	communications	communication	NOUN
gujaf-163	7	11	between	between	ADP
gujaf-163	7	12	central	central	ADJ
gujaf-163	7	13	bank	bank	NOUN
gujaf-163	7	14	and	and	CCONJ
gujaf-163	7	15	the	the	DET
gujaf-163	7	16	money	money	NOUN
gujaf-163	7	17	market	market	NOUN
gujaf-163	7	18	are	be	AUX
gujaf-163	7	19	considerably	considerably	ADV
gujaf-163	7	20	informative	informative	ADJ
gujaf-163	7	21	and	and	CCONJ
gujaf-163	7	22	therefore	therefore	ADV
gujaf-163	7	23	assist	assist	VERB
gujaf-163	7	24	to	to	PART
gujaf-163	7	25	reduce	reduce	VERB
gujaf-163	7	26	market	market	NOUN
gujaf-163	7	27	interest	interest	NOUN
gujaf-163	7	28	rates	rate	NOUN
gujaf-163	7	29	'	'	PART
gujaf-163	7	30	volatility	volatility	NOUN
gujaf-163	7	31	.	.	PUNCT
gujaf-163	8	1	the	the	DET
gujaf-163	8	2	study	study	NOUN
gujaf-163	8	3	has	have	AUX
gujaf-163	8	4	so	so	ADV
gujaf-163	8	5	concluded	conclude	VERB
gujaf-163	8	6	that	that	SCONJ
gujaf-163	8	7	the	the	DET
gujaf-163	8	8	communication	communication	NOUN
gujaf-163	8	9	from	from	ADP
gujaf-163	8	10	the	the	DET
gujaf-163	8	11	central	central	ADJ
gujaf-163	8	12	bank	bank	PROPN
gujaf-163	8	13	of	of	ADP
gujaf-163	8	14	nigeria	nigeria	PROPN
gujaf-163	8	15	has	have	VERB
gujaf-163	8	16	an	an	DET
gujaf-163	8	17	impact	impact	NOUN
gujaf-163	8	18	on	on	ADP
gujaf-163	8	19	the	the	DET
gujaf-163	8	20	desired	desire	VERB
gujaf-163	8	21	direction	direction	NOUN
gujaf-163	8	22	of	of	ADP
gujaf-163	8	23	interests	interest	NOUN
gujaf-163	8	24	.	.	PUNCT
gujaf-163	9	1	one	one	NUM
gujaf-163	9	2	policy	policy	NOUN
gujaf-163	9	3	implication	implication	NOUN
gujaf-163	9	4	of	of	ADP
gujaf-163	9	5	this	this	DET
gujaf-163	9	6	conclusion	conclusion	NOUN
gujaf-163	9	7	is	be	AUX
gujaf-163	9	8	that	that	SCONJ
gujaf-163	9	9	it	it	PRON
gujaf-163	9	10	is	be	AUX
gujaf-163	9	11	clear	clear	ADJ
gujaf-163	9	12	enough	enough	ADV
gujaf-163	9	13	about	about	ADP
gujaf-163	9	14	the	the	DET
gujaf-163	9	15	desired	desire	VERB
gujaf-163	9	16	policy	policy	NOUN
gujaf-163	9	17	orientation	orientation	NOUN
gujaf-163	9	18	for	for	ADP
gujaf-163	9	19	the	the	DET
gujaf-163	9	20	future	future	NOUN
gujaf-163	9	21	that	that	PRON
gujaf-163	9	22	cbn	cbn	VERB
gujaf-163	9	23	communique	communique	NOUN
gujaf-163	9	24	substance	substance	NOUN
gujaf-163	9	25	of	of	ADP
gujaf-163	9	26	mpc	mpc	NOUN
gujaf-163	9	27	meetings	meeting	NOUN
gujaf-163	9	28	will	will	AUX
gujaf-163	9	29	guide	guide	VERB
gujaf-163	9	30	the	the	DET
gujaf-163	9	31	market	market	NOUN
gujaf-163	9	32	in	in	ADP
gujaf-163	9	33	the	the	DET
gujaf-163	9	34	proper	proper	ADJ
gujaf-163	9	35	way	way	NOUN
gujaf-163	9	36	.	.	PUNCT
gujaf-163	10	1	this	this	PRON
gujaf-163	10	2	is	be	AUX
gujaf-163	10	3	consistent	consistent	ADJ
gujaf-163	10	4	with	with	ADP
gujaf-163	10	5	the	the	DET
gujaf-163	10	6	literature	literature	NOUN
gujaf-163	10	7	that	that	SCONJ
gujaf-163	10	8	if	if	SCONJ
gujaf-163	10	9	central	central	ADJ
gujaf-163	10	10	bank	bank	NOUN
gujaf-163	10	11	opens	open	VERB
gujaf-163	10	12	the	the	DET
gujaf-163	10	13	foundations	foundation	NOUN
gujaf-163	10	14	for	for	ADP
gujaf-163	10	15	monetary	monetary	ADJ
gujaf-163	10	16	policy	policy	NOUN
gujaf-163	10	17	implementation	implementation	NOUN
gujaf-163	10	18	up	up	ADP
gujaf-163	10	19	to	to	ADP
gujaf-163	10	20	the	the	DET
gujaf-163	10	21	markets	market	NOUN
gujaf-163	10	22	,	,	PUNCT
gujaf-163	10	23	it	it	PRON
gujaf-163	10	24	raises	raise	VERB
gujaf-163	10	25	the	the	DET
gujaf-163	10	26	odds	odd	NOUN
gujaf-163	10	27	of	of	ADP
gujaf-163	10	28	controlling	control	VERB
gujaf-163	10	29	agents	agent	NOUN
gujaf-163	10	30	'	'	PART
gujaf-163	10	31	expectations	expectation	NOUN
gujaf-163	10	32	.	.	PUNCT
gujaf-163	11	1	therefore	therefore	ADV
gujaf-163	11	2	the	the	DET
gujaf-163	11	3	study	study	NOUN
gujaf-163	11	4	recommends	recommend	VERB
gujaf-163	11	5	that	that	SCONJ
gujaf-163	11	6	the	the	DET
gujaf-163	11	7	meeting	meeting	NOUN
gujaf-163	11	8	should	should	AUX
gujaf-163	11	9	be	be	AUX
gujaf-163	11	10	sustained	sustain	VERB
gujaf-163	11	11	.	.	PUNCT
gujaf-163	12	1	keywords	keyword	NOUN
gujaf-163	12	2	:	:	PUNCT
gujaf-163	12	3	mpc	mpc	NOUN
gujaf-163	12	4	,	,	PUNCT
gujaf-163	12	5	egarch	egarch	PROPN
gujaf-163	12	6	,	,	PUNCT
gujaf-163	12	7	interest	interest	NOUN
gujaf-163	12	8	rate	rate	NOUN
gujaf-163	12	9	,	,	PUNCT
gujaf-163	12	10	communications	communication	NOUN
gujaf-163	12	11	,	,	PUNCT
gujaf-163	12	12	money	money	NOUN
gujaf-163	12	13	market	market	NOUN
gujaf-163	12	14	and	and	CCONJ
gujaf-163	12	15	cbn	cbn	PROPN
gujaf-163	12	16	1	1	NUM
gujaf-163	12	17	.	.	PUNCT
gujaf-163	13	1	introduction	introduction	NOUN
gujaf-163	13	2	since	since	SCONJ
gujaf-163	13	3	the	the	DET
gujaf-163	13	4	introduction	introduction	NOUN
gujaf-163	13	5	of	of	ADP
gujaf-163	13	6	the	the	DET
gujaf-163	13	7	indirect	indirect	ADJ
gujaf-163	13	8	,	,	PUNCT
gujaf-163	13	9	market	market	NOUN
gujaf-163	13	10	-	-	PUNCT
gujaf-163	13	11	based	base	VERB
gujaf-163	13	12	strategy	strategy	NOUN
gujaf-163	13	13	in1993	in1993	NOUN
gujaf-163	13	14	,	,	PUNCT
gujaf-163	13	15	the	the	DET
gujaf-163	13	16	conduct	conduct	NOUN
gujaf-163	13	17	of	of	ADP
gujaf-163	13	18	monetary	monetary	ADJ
gujaf-163	13	19	policy	policy	NOUN
gujaf-163	13	20	in	in	ADP
gujaf-163	13	21	nigeria	nigeria	PROPN
gujaf-163	13	22	has	have	AUX
gujaf-163	13	23	undergone	undergo	VERB
gujaf-163	13	24	major	major	ADJ
gujaf-163	13	25	changes	change	NOUN
gujaf-163	13	26	.	.	PUNCT
gujaf-163	14	1	thus	thus	ADV
gujaf-163	14	2	,	,	PUNCT
gujaf-163	14	3	the	the	DET
gujaf-163	14	4	open	open	ADJ
gujaf-163	14	5	market	market	NOUN
gujaf-163	14	6	activity	activity	NOUN
gujaf-163	14	7	(	(	PUNCT
gujaf-163	14	8	omo	omo	NOUN
gujaf-163	14	9	)	)	PUNCT
gujaf-163	14	10	has	have	AUX
gujaf-163	14	11	become	become	VERB
gujaf-163	14	12	a	a	DET
gujaf-163	14	13	major	major	ADJ
gujaf-163	14	14	monetary	monetary	ADJ
gujaf-163	14	15	policy	policy	NOUN
gujaf-163	14	16	instrument	instrument	NOUN
gujaf-163	14	17	,	,	PUNCT
gujaf-163	14	18	aided	aid	VERB
gujaf-163	14	19	,	,	PUNCT
gujaf-163	14	20	of	of	ADP
gujaf-163	14	21	course	course	NOUN
gujaf-163	14	22	,	,	PUNCT
gujaf-163	14	23	by	by	ADP
gujaf-163	14	24	other	other	ADJ
gujaf-163	14	25	conventional	conventional	ADJ
gujaf-163	14	26	instruments	instrument	NOUN
gujaf-163	14	27	(	(	PUNCT
gujaf-163	14	28	blinder	blinder	PROPN
gujaf-163	14	29	,	,	PUNCT
gujaf-163	14	30	ehrinann	ehrinann	PROPN
gujaf-163	14	31	,	,	PUNCT
gujaf-163	14	32	fratzscher	fratzscher	PROPN
gujaf-163	14	33	,	,	PUNCT
gujaf-163	14	34	de	de	X
gujaf-163	14	35	haan	haan	PROPN
gujaf-163	14	36	,	,	PUNCT
gujaf-163	14	37	and	and	CCONJ
gujaf-163	14	38	jansen	jansen	PROPN
gujaf-163	14	39	,	,	PUNCT
gujaf-163	14	40	2008	2008	NUM
gujaf-163	14	41	)	)	PUNCT
gujaf-163	14	42	.	.	PUNCT
gujaf-163	15	1	indeed	indeed	ADV
gujaf-163	15	2	,	,	PUNCT
gujaf-163	15	3	when	when	SCONJ
gujaf-163	15	4	omo	omo	PROPN
gujaf-163	15	5	was	be	AUX
gujaf-163	15	6	to	to	PART
gujaf-163	15	7	be	be	AUX
gujaf-163	15	8	performed	perform	VERB
gujaf-163	15	9	,	,	PUNCT
gujaf-163	15	10	the	the	DET
gujaf-163	15	11	information	information	NOUN
gujaf-163	15	12	content	content	NOUN
gujaf-163	15	13	of	of	ADP
gujaf-163	15	14	the	the	DET
gujaf-163	15	15	correspondence	correspondence	NOUN
gujaf-163	15	16	from	from	ADP
gujaf-163	15	17	the	the	DET
gujaf-163	15	18	central	central	ADJ
gujaf-163	15	19	bank	bank	NOUN
gujaf-163	15	20	was	be	AUX
gujaf-163	15	21	restricted	restrict	VERB
gujaf-163	15	22	to	to	ADP
gujaf-163	15	23	the	the	DET
gujaf-163	15	24	policy	policy	NOUN
gujaf-163	15	25	direction	direction	NOUN
gujaf-163	15	26	,	,	PUNCT
gujaf-163	15	27	not	not	PART
gujaf-163	15	28	the	the	DET
gujaf-163	15	29	extent	extent	NOUN
gujaf-163	15	30	of	of	ADP
gujaf-163	15	31	the	the	DET
gujaf-163	15	32	expected	expect	VERB
gujaf-163	15	33	shift	shift	NOUN
gujaf-163	15	34	in	in	ADP
gujaf-163	15	35	the	the	DET
gujaf-163	15	36	supply	supply	NOUN
gujaf-163	15	37	of	of	ADP
gujaf-163	15	38	money	money	NOUN
gujaf-163	15	39	or	or	CCONJ
gujaf-163	15	40	interest	interest	NOUN
gujaf-163	15	41	rate	rate	NOUN
gujaf-163	15	42	(	(	PUNCT
gujaf-163	15	43	guthrie	guthrie	PROPN
gujaf-163	15	44	wright	wright	PROPN
gujaf-163	15	45	,	,	PUNCT
gujaf-163	15	46	2000	2000	NUM
gujaf-163	15	47	)	)	PUNCT
gujaf-163	15	48	.	.	PUNCT
gujaf-163	16	1	the	the	DET
gujaf-163	16	2	economy	economy	NOUN
gujaf-163	16	3	and	and	CCONJ
gujaf-163	16	4	the	the	DET
gujaf-163	16	5	public	public	NOUN
gujaf-163	16	6	were	be	AUX
gujaf-163	16	7	left	leave	VERB
gujaf-163	16	8	to	to	PART
gujaf-163	16	9	conclude	conclude	VERB
gujaf-163	16	10	from	from	ADP
gujaf-163	16	11	the	the	DET
gujaf-163	16	12	quantum	quantum	NOUN
gujaf-163	16	13	of	of	ADP
gujaf-163	16	14	open	open	ADJ
gujaf-163	16	15	market	market	NOUN
gujaf-163	16	16	sales	sale	NOUN
gujaf-163	16	17	or	or	CCONJ
gujaf-163	16	18	transactions	transaction	NOUN
gujaf-163	16	19	the	the	DET
gujaf-163	16	20	extent	extent	NOUN
gujaf-163	16	21	of	of	ADP
gujaf-163	16	22	the	the	DET
gujaf-163	16	23	change	change	NOUN
gujaf-163	16	24	in	in	ADP
gujaf-163	16	25	money	money	NOUN
gujaf-163	16	26	supply	supply	NOUN
gujaf-163	16	27	.	.	PUNCT
gujaf-163	17	1	the	the	DET
gujaf-163	17	2	old	old	ADJ
gujaf-163	17	3	theoretical	theoretical	ADJ
gujaf-163	17	4	idea	idea	NOUN
gujaf-163	17	5	that	that	SCONJ
gujaf-163	17	6	monetary	monetary	ADJ
gujaf-163	17	7	policy	policy	NOUN
gujaf-163	17	8	had	have	AUX
gujaf-163	17	9	to	to	PART
gujaf-163	17	10	surprise	surprise	VERB
gujaf-163	17	11	the	the	DET
gujaf-163	17	12	public	public	NOUN
gujaf-163	17	13	was	be	AUX
gujaf-163	17	14	the	the	DET
gujaf-163	17	15	basis	basis	NOUN
gujaf-163	17	16	of	of	ADP
gujaf-163	17	17	this	this	DET
gujaf-163	17	18	hidden	hide	VERB
gujaf-163	17	19	role	role	NOUN
gujaf-163	17	20	of	of	ADP
gujaf-163	17	21	central	central	ADJ
gujaf-163	17	22	banks	bank	NOUN
gujaf-163	17	23	,	,	PUNCT
gujaf-163	17	24	since	since	SCONJ
gujaf-163	17	25	only	only	ADV
gujaf-163	17	26	unanticipated	unanticipated	ADJ
gujaf-163	17	27	changes	change	NOUN
gujaf-163	17	28	in	in	ADP
gujaf-163	17	29	money	money	NOUN
gujaf-163	17	30	issues	issue	NOUN
gujaf-163	17	31	for	for	ADP
gujaf-163	17	32	output	output	NOUN
gujaf-163	17	33	stabilization	stabilization	NOUN
gujaf-163	17	34	were	be	AUX
gujaf-163	17	35	necessary	necessary	ADJ
gujaf-163	17	36	(	(	PUNCT
gujaf-163	17	37	binder	binder	NOUN
gujaf-163	17	38	,	,	PUNCT
gujaf-163	17	39	et	et	PROPN
gujaf-163	17	40	al	al	PROPN
gujaf-163	17	41	.	.	PROPN
gujaf-163	17	42	,	,	PUNCT
gujaf-163	17	43	2008	2008	NUM
gujaf-163	17	44	)	)	PUNCT
gujaf-163	17	45	.	.	PUNCT
gujaf-163	18	1	this	this	PRON
gujaf-163	18	2	had	have	VERB
gujaf-163	18	3	a	a	DET
gujaf-163	18	4	significant	significant	ADJ
gujaf-163	18	5	effect	effect	NOUN
gujaf-163	18	6	on	on	ADP
gujaf-163	18	7	central	central	ADJ
gujaf-163	18	8	bank	bank	NOUN
gujaf-163	18	9	communication	communication	NOUN
gujaf-163	18	10	(	(	PUNCT
gujaf-163	18	11	cbc	cbc	PROPN
gujaf-163	18	12	)	)	PUNCT
gujaf-163	18	13	design	design	NOUN
gujaf-163	18	14	and	and	CCONJ
gujaf-163	18	15	policy	policy	NOUN
gujaf-163	18	16	.	.	PUNCT
gujaf-163	19	1	therefore	therefore	ADV
gujaf-163	19	2	,	,	PUNCT
gujaf-163	19	3	central	central	ADJ
gujaf-163	19	4	banks	bank	NOUN
gujaf-163	19	5	were	be	AUX
gujaf-163	19	6	cautious	cautious	ADJ
gujaf-163	19	7	not	not	PART
gujaf-163	19	8	to	to	PART
gujaf-163	19	9	make	make	VERB
gujaf-163	19	10	it	it	PRON
gujaf-163	19	11	possible	possible	ADJ
gujaf-163	19	12	to	to	PART
gujaf-163	19	13	completely	completely	ADV
gujaf-163	19	14	predict	predict	VERB
gujaf-163	19	15	all	all	DET
gujaf-163	19	16	the	the	DET
gujaf-163	19	17	changes	change	NOUN
gujaf-163	19	18	in	in	ADP
gujaf-163	19	19	the	the	DET
gujaf-163	19	20	supply	supply	NOUN
gujaf-163	19	21	of	of	ADP
gujaf-163	19	22	money	money	NOUN
gujaf-163	19	23	by	by	ADP
gujaf-163	19	24	not	not	PART
gujaf-163	19	25	supplying	supply	VERB
gujaf-163	19	26	any	any	DET
gujaf-163	19	27	information	information	NOUN
gujaf-163	19	28	that	that	PRON
gujaf-163	19	29	would	would	AUX
gujaf-163	19	30	directly	directly	ADV
gujaf-163	19	31	signal	signal	VERB
gujaf-163	19	32	the	the	DET
gujaf-163	19	33	future	future	ADJ
gujaf-163	19	34	course	course	NOUN
gujaf-163	19	35	of	of	ADP
gujaf-163	19	36	monetary	monetary	ADJ
gujaf-163	19	37	policy	policy	NOUN
gujaf-163	19	38	.	.	PUNCT
gujaf-163	20	1	the	the	DET
gujaf-163	20	2	central	central	ADJ
gujaf-163	20	3	bank	bank	NOUN
gujaf-163	20	4	was	be	AUX
gujaf-163	20	5	neither	neither	PRON
gujaf-163	20	6	supposed	suppose	VERB
gujaf-163	20	7	to	to	PART
gujaf-163	20	8	interact	interact	VERB
gujaf-163	20	9	effectively	effectively	ADV
gujaf-163	20	10	with	with	ADP
gujaf-163	20	11	the	the	DET
gujaf-163	20	12	market	market	NOUN
gujaf-163	20	13	nor	nor	CCONJ
gujaf-163	20	14	to	to	PART
gujaf-163	20	15	be	be	AUX
gujaf-163	20	16	clear	clear	ADJ
gujaf-163	20	17	about	about	ADP
gujaf-163	20	18	the	the	DET
gujaf-163	20	19	way	way	NOUN
gujaf-163	20	20	monetary	monetary	ADJ
gujaf-163	20	21	policy	policy	NOUN
gujaf-163	20	22	decisions	decision	NOUN
gujaf-163	20	23	were	be	AUX
gujaf-163	20	24	made	make	VERB
gujaf-163	20	25	.	.	PUNCT
gujaf-163	21	1	this	this	DET
gujaf-163	21	2	gusau	gusau	ADJ
gujaf-163	21	3	journal	journal	NOUN
gujaf-163	21	4	of	of	ADP
gujaf-163	21	5	accounting	accounting	NOUN
gujaf-163	21	6	and	and	CCONJ
gujaf-163	21	7	finance	finance	NOUN
gujaf-163	21	8	,	,	PUNCT
gujaf-163	21	9	vol	vol	NOUN
gujaf-163	21	10	.	.	PUNCT
gujaf-163	21	11	2(3	2(3	NUM
gujaf-163	21	12	)	)	PUNCT
gujaf-163	21	13	,	,	PUNCT
gujaf-163	21	14	april	april	PROPN
gujaf-163	21	15	,	,	PUNCT
gujaf-163	21	16	2021	2021	NUM
gujaf-163	21	17	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	X
gujaf-163	21	18	3	3	NUM
gujaf-163	21	19	perspective	perspective	NOUN
gujaf-163	21	20	has	have	AUX
gujaf-163	21	21	been	be	AUX
gujaf-163	21	22	modified	modify	VERB
gujaf-163	21	23	to	to	ADP
gujaf-163	21	24	its	its	PRON
gujaf-163	21	25	extreme	extreme	ADJ
gujaf-163	21	26	opposite	opposite	NOUN
gujaf-163	21	27	by	by	ADP
gujaf-163	21	28	a	a	DET
gujaf-163	21	29	variety	variety	NOUN
gujaf-163	21	30	of	of	ADP
gujaf-163	21	31	incidents	incident	NOUN
gujaf-163	21	32	in	in	ADP
gujaf-163	21	33	the	the	DET
gujaf-163	21	34	last	last	ADJ
gujaf-163	21	35	two	two	NUM
gujaf-163	21	36	decades	decade	NOUN
gujaf-163	21	37	and	and	CCONJ
gujaf-163	21	38	such	such	ADJ
gujaf-163	21	39	events	event	NOUN
gujaf-163	21	40	include	include	VERB
gujaf-163	21	41	,	,	PUNCT
gujaf-163	21	42	first	first	ADV
gujaf-163	21	43	,	,	PUNCT
gujaf-163	21	44	the	the	DET
gujaf-163	21	45	increased	increase	VERB
gujaf-163	21	46	independence	independence	NOUN
gujaf-163	21	47	given	give	VERB
gujaf-163	21	48	to	to	ADP
gujaf-163	21	49	many	many	ADJ
gujaf-163	21	50	central	central	ADJ
gujaf-163	21	51	banks	bank	NOUN
gujaf-163	21	52	,	,	PUNCT
gujaf-163	21	53	which	which	PRON
gujaf-163	21	54	has	have	AUX
gujaf-163	21	55	increased	increase	VERB
gujaf-163	21	56	the	the	DET
gujaf-163	21	57	need	need	NOUN
gujaf-163	21	58	for	for	ADP
gujaf-163	21	59	transparency	transparency	NOUN
gujaf-163	21	60	and	and	CCONJ
gujaf-163	21	61	,	,	PUNCT
gujaf-163	21	62	subsequently	subsequently	ADV
gujaf-163	21	63	,	,	PUNCT
gujaf-163	21	64	for	for	ADP
gujaf-163	21	65	communication	communication	NOUN
gujaf-163	21	66	.	.	PUNCT
gujaf-163	22	1	second	second	ADJ
gujaf-163	22	2	,	,	PUNCT
gujaf-163	22	3	the	the	DET
gujaf-163	22	4	adoption	adoption	NOUN
gujaf-163	22	5	of	of	ADP
gujaf-163	22	6	inflation	inflation	NOUN
gujaf-163	22	7	targeting	target	VERB
gujaf-163	22	8	(	(	PUNCT
gujaf-163	22	9	it	it	PRON
gujaf-163	22	10	)	)	PUNCT
gujaf-163	22	11	by	by	ADP
gujaf-163	22	12	a	a	DET
gujaf-163	22	13	growing	grow	VERB
gujaf-163	22	14	number	number	NOUN
gujaf-163	22	15	of	of	ADP
gujaf-163	22	16	countries	country	NOUN
gujaf-163	22	17	has	have	AUX
gujaf-163	22	18	put	put	VERB
gujaf-163	22	19	great	great	ADJ
gujaf-163	22	20	emphasis	emphasis	NOUN
gujaf-163	22	21	on	on	ADP
gujaf-163	22	22	central	central	ADJ
gujaf-163	22	23	bank	bank	NOUN
gujaf-163	22	24	contact	contact	NOUN
gujaf-163	22	25	and	and	CCONJ
gujaf-163	22	26	transparency	transparency	NOUN
gujaf-163	22	27	since	since	SCONJ
gujaf-163	22	28	its	its	PRON
gujaf-163	22	29	introduction	introduction	NOUN
gujaf-163	22	30	by	by	ADP
gujaf-163	22	31	new	new	PROPN
gujaf-163	22	32	zealand	zealand	PROPN
gujaf-163	22	33	in	in	ADP
gujaf-163	22	34	1990	1990	NUM
gujaf-163	22	35	.	.	PUNCT
gujaf-163	23	1	third	third	ADJ
gujaf-163	23	2	,	,	PUNCT
gujaf-163	23	3	the	the	DET
gujaf-163	23	4	development	development	NOUN
gujaf-163	23	5	of	of	ADP
gujaf-163	23	6	financial	financial	ADJ
gujaf-163	23	7	markets	market	NOUN
gujaf-163	23	8	has	have	AUX
gujaf-163	23	9	intensified	intensify	VERB
gujaf-163	23	10	the	the	DET
gujaf-163	23	11	value	value	NOUN
gujaf-163	23	12	of	of	ADP
gujaf-163	23	13	contact	contact	NOUN
gujaf-163	23	14	,	,	PUNCT
gujaf-163	23	15	primarily	primarily	ADV
gujaf-163	23	16	because	because	SCONJ
gujaf-163	23	17	of	of	ADP
gujaf-163	23	18	the	the	DET
gujaf-163	23	19	demands	demand	NOUN
gujaf-163	23	20	of	of	ADP
gujaf-163	23	21	market	market	NOUN
gujaf-163	23	22	participants	participant	NOUN
gujaf-163	23	23	(	(	PUNCT
gujaf-163	23	24	amato	amato	PROPN
gujaf-163	23	25	,	,	PUNCT
gujaf-163	23	26	morris	morris	PROPN
gujaf-163	23	27	&	&	CCONJ
gujaf-163	23	28	shin	shin	PROPN
gujaf-163	23	29	,	,	PUNCT
gujaf-163	23	30	2002	2002	NUM
gujaf-163	23	31	)	)	PUNCT
gujaf-163	23	32	.	.	PUNCT
gujaf-163	24	1	modern	modern	ADJ
gujaf-163	24	2	central	central	ADJ
gujaf-163	24	3	banks	bank	NOUN
gujaf-163	24	4	are	be	AUX
gujaf-163	24	5	attempting	attempt	VERB
gujaf-163	24	6	to	to	PART
gujaf-163	24	7	convey	convey	VERB
gujaf-163	24	8	their	their	PRON
gujaf-163	24	9	policy	policy	NOUN
gujaf-163	24	10	decisions	decision	NOUN
gujaf-163	24	11	in	in	ADP
gujaf-163	24	12	the	the	DET
gujaf-163	24	13	most	most	ADV
gujaf-163	24	14	methodical	methodical	ADJ
gujaf-163	24	15	and	and	CCONJ
gujaf-163	24	16	efficient	efficient	ADJ
gujaf-163	24	17	manner	manner	NOUN
gujaf-163	24	18	possible	possible	ADJ
gujaf-163	24	19	,	,	PUNCT
gujaf-163	24	20	as	as	ADV
gujaf-163	24	21	well	well	ADV
gujaf-163	24	22	as	as	ADP
gujaf-163	24	23	to	to	PART
gujaf-163	24	24	be	be	AUX
gujaf-163	24	25	transparent	transparent	ADJ
gujaf-163	24	26	about	about	ADP
gujaf-163	24	27	the	the	DET
gujaf-163	24	28	processes	process	NOUN
gujaf-163	24	29	,	,	PUNCT
gujaf-163	24	30	procedures	procedure	NOUN
gujaf-163	24	31	,	,	PUNCT
gujaf-163	24	32	and	and	CCONJ
gujaf-163	24	33	assumptions	assumption	NOUN
gujaf-163	24	34	that	that	PRON
gujaf-163	24	35	underpin	underpin	VERB
gujaf-163	24	36	such	such	ADJ
gujaf-163	24	37	judgments	judgment	NOUN
gujaf-163	24	38	.	.	PUNCT
gujaf-163	25	1	it	it	PRON
gujaf-163	25	2	has	have	AUX
gujaf-163	25	3	now	now	ADV
gujaf-163	25	4	become	become	VERB
gujaf-163	25	5	regular	regular	ADJ
gujaf-163	25	6	practice	practice	NOUN
gujaf-163	25	7	for	for	SCONJ
gujaf-163	25	8	central	central	ADJ
gujaf-163	25	9	banks	bank	NOUN
gujaf-163	25	10	to	to	PART
gujaf-163	25	11	attempt	attempt	VERB
gujaf-163	25	12	to	to	PART
gujaf-163	25	13	telegraph	telegraph	VERB
gujaf-163	25	14	to	to	ADP
gujaf-163	25	15	the	the	DET
gujaf-163	25	16	market	market	NOUN
gujaf-163	25	17	the	the	DET
gujaf-163	25	18	likely	likely	ADJ
gujaf-163	25	19	direction	direction	NOUN
gujaf-163	25	20	of	of	ADP
gujaf-163	25	21	their	their	PRON
gujaf-163	25	22	monetary	monetary	ADJ
gujaf-163	25	23	policy	policy	NOUN
gujaf-163	25	24	through	through	ADP
gujaf-163	25	25	various	various	ADJ
gujaf-163	25	26	communication	communication	NOUN
gujaf-163	25	27	channels	channel	NOUN
gujaf-163	25	28	(	(	PUNCT
gujaf-163	25	29	reserve	reserve	PROPN
gujaf-163	25	30	bank	bank	PROPN
gujaf-163	25	31	of	of	ADP
gujaf-163	25	32	new	new	PROPN
gujaf-163	25	33	zealand	zealand	PROPN
gujaf-163	25	34	,	,	PUNCT
gujaf-163	25	35	1997	1997	NUM
gujaf-163	25	36	;	;	PUNCT
gujaf-163	25	37	daw	daw	PROPN
gujaf-163	25	38	,	,	PUNCT
gujaf-163	25	39	klaes	klaes	NOUN
gujaf-163	25	40	,	,	PUNCT
gujaf-163	25	41	&	&	CCONJ
gujaf-163	25	42	montagnoli	montagnoli	PROPN
gujaf-163	25	43	,	,	PUNCT
gujaf-163	25	44	2015	2015	NUM
gujaf-163	25	45	;	;	PUNCT
gujaf-163	25	46	and	and	CCONJ
gujaf-163	25	47	amato	amato	PROPN
gujaf-163	25	48	et	et	PROPN
gujaf-163	25	49	al	al	PROPN
gujaf-163	25	50	.	.	PROPN
gujaf-163	25	51	,	,	PUNCT
gujaf-163	25	52	2002	2002	NUM
gujaf-163	25	53	)	)	PUNCT
gujaf-163	25	54	.	.	PUNCT
gujaf-163	26	1	as	as	ADP
gujaf-163	26	2	a	a	DET
gujaf-163	26	3	result	result	NOUN
gujaf-163	26	4	of	of	ADP
gujaf-163	26	5	these	these	DET
gujaf-163	26	6	developments	development	NOUN
gujaf-163	26	7	,	,	PUNCT
gujaf-163	26	8	a	a	DET
gujaf-163	26	9	new	new	ADJ
gujaf-163	26	10	communication	communication	NOUN
gujaf-163	26	11	regime	regime	NOUN
gujaf-163	26	12	has	have	AUX
gujaf-163	26	13	emerged	emerge	VERB
gujaf-163	26	14	,	,	PUNCT
gujaf-163	26	15	in	in	ADP
gujaf-163	26	16	which	which	PRON
gujaf-163	26	17	central	central	ADJ
gujaf-163	26	18	banks	bank	NOUN
gujaf-163	26	19	systematically	systematically	ADV
gujaf-163	26	20	use	use	VERB
gujaf-163	26	21	a	a	DET
gujaf-163	26	22	range	range	NOUN
gujaf-163	26	23	of	of	ADP
gujaf-163	26	24	communication	communication	NOUN
gujaf-163	26	25	channels	channel	NOUN
gujaf-163	26	26	to	to	PART
gujaf-163	26	27	influence	influence	VERB
gujaf-163	26	28	and	and	CCONJ
gujaf-163	26	29	control	control	VERB
gujaf-163	26	30	market	market	NOUN
gujaf-163	26	31	expectations	expectation	NOUN
gujaf-163	26	32	.	.	PUNCT
gujaf-163	27	1	the	the	DET
gujaf-163	27	2	ability	ability	NOUN
gujaf-163	27	3	of	of	ADP
gujaf-163	27	4	central	central	ADJ
gujaf-163	27	5	banks	bank	NOUN
gujaf-163	27	6	to	to	PART
gujaf-163	27	7	alter	alter	VERB
gujaf-163	27	8	market	market	NOUN
gujaf-163	27	9	perceptions	perception	NOUN
gujaf-163	27	10	in	in	ADP
gujaf-163	27	11	the	the	DET
gujaf-163	27	12	desired	desire	VERB
gujaf-163	27	13	direction	direction	NOUN
gujaf-163	27	14	may	may	AUX
gujaf-163	27	15	be	be	AUX
gujaf-163	27	16	limited	limit	VERB
gujaf-163	27	17	by	by	ADP
gujaf-163	27	18	their	their	PRON
gujaf-163	27	19	credibility	credibility	NOUN
gujaf-163	27	20	and	and	CCONJ
gujaf-163	27	21	transparency	transparency	NOUN
gujaf-163	27	22	.	.	PUNCT
gujaf-163	28	1	although	although	SCONJ
gujaf-163	28	2	credibility	credibility	NOUN
gujaf-163	28	3	is	be	AUX
gujaf-163	28	4	gained	gain	VERB
gujaf-163	28	5	when	when	SCONJ
gujaf-163	28	6	the	the	DET
gujaf-163	28	7	central	central	ADJ
gujaf-163	28	8	bank	bank	PROPN
gujaf-163	28	9	consistently	consistently	ADV
gujaf-163	28	10	hits	hit	VERB
gujaf-163	28	11	its	its	PRON
gujaf-163	28	12	aim	aim	NOUN
gujaf-163	28	13	,	,	PUNCT
gujaf-163	28	14	openness	openness	NOUN
gujaf-163	28	15	or	or	CCONJ
gujaf-163	28	16	communication	communication	NOUN
gujaf-163	28	17	increases	increase	VERB
gujaf-163	28	18	credibility	credibility	NOUN
gujaf-163	28	19	by	by	ADP
gujaf-163	28	20	proving	prove	VERB
gujaf-163	28	21	to	to	ADP
gujaf-163	28	22	the	the	DET
gujaf-163	28	23	market	market	NOUN
gujaf-163	28	24	the	the	DET
gujaf-163	28	25	political	political	ADJ
gujaf-163	28	26	independence	independence	NOUN
gujaf-163	28	27	of	of	ADP
gujaf-163	28	28	any	any	DET
gujaf-163	28	29	monetary	monetary	ADJ
gujaf-163	28	30	policy	policy	NOUN
gujaf-163	28	31	decision	decision	NOUN
gujaf-163	28	32	.	.	PUNCT
gujaf-163	29	1	as	as	ADP
gujaf-163	29	2	a	a	DET
gujaf-163	29	3	result	result	NOUN
gujaf-163	29	4	,	,	PUNCT
gujaf-163	29	5	monetary	monetary	ADJ
gujaf-163	29	6	decisions	decision	NOUN
gujaf-163	29	7	are	be	AUX
gujaf-163	29	8	now	now	ADV
gujaf-163	29	9	made	make	VERB
gujaf-163	29	10	by	by	ADP
gujaf-163	29	11	an	an	DET
gujaf-163	29	12	independent	independent	ADJ
gujaf-163	29	13	monetary	monetary	ADJ
gujaf-163	29	14	policy	policy	NOUN
gujaf-163	29	15	committee	committee	NOUN
gujaf-163	29	16	(	(	PUNCT
gujaf-163	29	17	mpc	mpc	PROPN
gujaf-163	29	18	)	)	PUNCT
gujaf-163	29	19	,	,	PUNCT
gujaf-163	29	20	which	which	PRON
gujaf-163	29	21	is	be	AUX
gujaf-163	29	22	likewise	likewise	ADV
gujaf-163	29	23	extremely	extremely	ADV
gujaf-163	29	24	open	open	ADJ
gujaf-163	29	25	.	.	PUNCT
gujaf-163	30	1	the	the	DET
gujaf-163	30	2	minutes	minute	NOUN
gujaf-163	30	3	of	of	ADP
gujaf-163	30	4	its	its	PRON
gujaf-163	30	5	sessions	session	NOUN
gujaf-163	30	6	are	be	AUX
gujaf-163	30	7	promptly	promptly	ADV
gujaf-163	30	8	made	make	VERB
gujaf-163	30	9	public	public	ADJ
gujaf-163	30	10	,	,	PUNCT
gujaf-163	30	11	together	together	ADV
gujaf-163	30	12	with	with	ADP
gujaf-163	30	13	a	a	DET
gujaf-163	30	14	communiqué	communiqué	NOUN
gujaf-163	30	15	that	that	SCONJ
gujaf-163	30	16	not	not	PART
gujaf-163	30	17	only	only	ADV
gujaf-163	30	18	explains	explain	VERB
gujaf-163	30	19	the	the	DET
gujaf-163	30	20	rationale	rationale	NOUN
gujaf-163	30	21	for	for	ADP
gujaf-163	30	22	the	the	DET
gujaf-163	30	23	decisions	decision	NOUN
gujaf-163	30	24	reached	reach	VERB
gujaf-163	30	25	,	,	PUNCT
gujaf-163	30	26	but	but	CCONJ
gujaf-163	30	27	also	also	ADV
gujaf-163	30	28	expresses	express	VERB
gujaf-163	30	29	the	the	DET
gujaf-163	30	30	committee	committee	NOUN
gujaf-163	30	31	's	's	PART
gujaf-163	30	32	belief	belief	NOUN
gujaf-163	30	33	in	in	ADP
gujaf-163	30	34	the	the	DET
gujaf-163	30	35	potential	potential	NOUN
gujaf-163	30	36	of	of	ADP
gujaf-163	30	37	the	the	DET
gujaf-163	30	38	project	project	NOUN
gujaf-163	30	39	course	course	NOUN
gujaf-163	30	40	of	of	ADP
gujaf-163	30	41	monetary	monetary	ADJ
gujaf-163	30	42	policy	policy	NOUN
gujaf-163	30	43	market	market	NOUN
gujaf-163	30	44	perceptions	perception	NOUN
gujaf-163	30	45	of	of	ADP
gujaf-163	30	46	the	the	DET
gujaf-163	30	47	future	future	ADJ
gujaf-163	30	48	trajectory	trajectory	NOUN
gujaf-163	30	49	of	of	ADP
gujaf-163	30	50	inflation	inflation	NOUN
gujaf-163	30	51	and	and	CCONJ
gujaf-163	30	52	short	short	ADJ
gujaf-163	30	53	-	-	PUNCT
gujaf-163	30	54	term	term	NOUN
gujaf-163	30	55	interest	interest	NOUN
gujaf-163	30	56	rates	rate	NOUN
gujaf-163	30	57	are	be	AUX
gujaf-163	30	58	influenced	influence	VERB
gujaf-163	30	59	by	by	ADP
gujaf-163	30	60	signals	signal	NOUN
gujaf-163	30	61	emanating	emanate	VERB
gujaf-163	30	62	from	from	ADP
gujaf-163	30	63	this	this	DET
gujaf-163	30	64	channel	channel	NOUN
gujaf-163	30	65	of	of	ADP
gujaf-163	30	66	communication	communication	NOUN
gujaf-163	30	67	.	.	PUNCT
gujaf-163	31	1	according	accord	VERB
gujaf-163	31	2	to	to	ADP
gujaf-163	31	3	the	the	DET
gujaf-163	31	4	interest	interest	NOUN
gujaf-163	31	5	rate	rate	NOUN
gujaf-163	31	6	term	term	NOUN
gujaf-163	31	7	structure	structure	NOUN
gujaf-163	31	8	's	's	PART
gujaf-163	31	9	expectations	expectation	NOUN
gujaf-163	31	10	concept	concept	NOUN
gujaf-163	31	11	,	,	PUNCT
gujaf-163	31	12	expected	expect	VERB
gujaf-163	31	13	future	future	ADJ
gujaf-163	31	14	short	short	ADJ
gujaf-163	31	15	-	-	PUNCT
gujaf-163	31	16	term	term	NOUN
gujaf-163	31	17	interest	interest	NOUN
gujaf-163	31	18	rates	rate	NOUN
gujaf-163	31	19	have	have	VERB
gujaf-163	31	20	an	an	DET
gujaf-163	31	21	impact	impact	NOUN
gujaf-163	31	22	on	on	ADP
gujaf-163	31	23	longer	long	ADJ
gujaf-163	31	24	-	-	PUNCT
gujaf-163	31	25	term	term	NOUN
gujaf-163	31	26	interest	interest	NOUN
gujaf-163	31	27	rates	rate	NOUN
gujaf-163	31	28	.	.	PUNCT
gujaf-163	32	1	this	this	PRON
gujaf-163	32	2	means	mean	VERB
gujaf-163	32	3	that	that	SCONJ
gujaf-163	32	4	if	if	SCONJ
gujaf-163	32	5	the	the	DET
gujaf-163	32	6	central	central	ADJ
gujaf-163	32	7	bank	bank	NOUN
gujaf-163	32	8	can	can	AUX
gujaf-163	32	9	persuade	persuade	VERB
gujaf-163	32	10	the	the	DET
gujaf-163	32	11	market	market	NOUN
gujaf-163	32	12	that	that	SCONJ
gujaf-163	32	13	higher	high	ADJ
gujaf-163	32	14	potential	potential	ADJ
gujaf-163	32	15	short	short	ADJ
gujaf-163	32	16	-	-	PUNCT
gujaf-163	32	17	term	term	NOUN
gujaf-163	32	18	rates	rate	NOUN
gujaf-163	32	19	are	be	AUX
gujaf-163	32	20	available	available	ADJ
gujaf-163	32	21	,	,	PUNCT
gujaf-163	32	22	it	it	PRON
gujaf-163	32	23	can	can	AUX
gujaf-163	32	24	raise	raise	VERB
gujaf-163	32	25	existing	exist	VERB
gujaf-163	32	26	longerterm	longerterm	NOUN
gujaf-163	32	27	rates	rate	NOUN
gujaf-163	32	28	without	without	ADP
gujaf-163	32	29	having	have	VERB
gujaf-163	32	30	to	to	PART
gujaf-163	32	31	raise	raise	VERB
gujaf-163	32	32	short	short	ADJ
gujaf-163	32	33	-	-	PUNCT
gujaf-163	32	34	term	term	NOUN
gujaf-163	32	35	(	(	PUNCT
gujaf-163	32	36	official	official	ADJ
gujaf-163	32	37	)	)	PUNCT
gujaf-163	32	38	rates	rate	NOUN
gujaf-163	32	39	.	.	PUNCT
gujaf-163	33	1	furthermore	furthermore	ADV
gujaf-163	33	2	,	,	PUNCT
gujaf-163	33	3	while	while	SCONJ
gujaf-163	33	4	communicationbased	communicationbase	VERB
gujaf-163	33	5	signaling	signaling	NOUN
gujaf-163	33	6	can	can	AUX
gujaf-163	33	7	be	be	AUX
gujaf-163	33	8	a	a	DET
gujaf-163	33	9	more	more	ADV
gujaf-163	33	10	effective	effective	ADJ
gujaf-163	33	11	policy	policy	NOUN
gujaf-163	33	12	instrument	instrument	NOUN
gujaf-163	33	13	in	in	ADP
gujaf-163	33	14	some	some	DET
gujaf-163	33	15	cases	case	NOUN
gujaf-163	33	16	,	,	PUNCT
gujaf-163	33	17	there	there	PRON
gujaf-163	33	18	are	be	VERB
gujaf-163	33	19	others	other	NOUN
gujaf-163	33	20	.	.	PUNCT
gujaf-163	34	1	because	because	SCONJ
gujaf-163	34	2	of	of	ADP
gujaf-163	34	3	long	long	ADJ
gujaf-163	34	4	policy	policy	NOUN
gujaf-163	34	5	lags	lag	NOUN
gujaf-163	34	6	,	,	PUNCT
gujaf-163	34	7	signaling	signal	VERB
gujaf-163	34	8	could	could	AUX
gujaf-163	34	9	be	be	AUX
gujaf-163	34	10	useful	useful	ADJ
gujaf-163	34	11	in	in	ADP
gujaf-163	34	12	situations	situation	NOUN
gujaf-163	34	13	where	where	SCONJ
gujaf-163	34	14	a	a	DET
gujaf-163	34	15	central	central	ADJ
gujaf-163	34	16	bank	bank	NOUN
gujaf-163	34	17	has	have	VERB
gujaf-163	34	18	knowledge	knowledge	NOUN
gujaf-163	34	19	about	about	ADP
gujaf-163	34	20	a	a	DET
gujaf-163	34	21	situation	situation	NOUN
gujaf-163	34	22	that	that	PRON
gujaf-163	34	23	requires	require	VERB
gujaf-163	34	24	intervention	intervention	NOUN
gujaf-163	34	25	in	in	ADP
gujaf-163	34	26	the	the	DET
gujaf-163	34	27	near	near	ADJ
gujaf-163	34	28	future	future	NOUN
gujaf-163	34	29	but	but	CCONJ
gujaf-163	34	30	can	can	AUX
gujaf-163	34	31	not	not	PART
gujaf-163	34	32	utilize	utilize	VERB
gujaf-163	34	33	conventional	conventional	ADJ
gujaf-163	34	34	instruments	instrument	NOUN
gujaf-163	34	35	(	(	PUNCT
gujaf-163	34	36	morris	morris	PROPN
gujaf-163	34	37	&	&	CCONJ
gujaf-163	34	38	shin	shin	PROPN
gujaf-163	34	39	,	,	PUNCT
gujaf-163	34	40	2002	2002	NUM
gujaf-163	34	41	)	)	PUNCT
gujaf-163	34	42	.	.	PUNCT
gujaf-163	35	1	as	as	ADP
gujaf-163	35	2	a	a	DET
gujaf-163	35	3	result	result	NOUN
gujaf-163	35	4	,	,	PUNCT
gujaf-163	35	5	monetary	monetary	ADJ
gujaf-163	35	6	policy	policy	NOUN
gujaf-163	35	7	communications	communication	NOUN
gujaf-163	35	8	will	will	AUX
gujaf-163	35	9	improve	improve	VERB
gujaf-163	35	10	the	the	DET
gujaf-163	35	11	effectiveness	effectiveness	NOUN
gujaf-163	35	12	of	of	ADP
gujaf-163	35	13	monetary	monetary	ADJ
gujaf-163	35	14	policy	policy	NOUN
gujaf-163	35	15	by	by	ADP
gujaf-163	35	16	indicating	indicate	VERB
gujaf-163	35	17	its	its	PRON
gujaf-163	35	18	intent	intent	NOUN
gujaf-163	35	19	or	or	CCONJ
gujaf-163	35	20	signaling	signal	VERB
gujaf-163	35	21	(	(	PUNCT
gujaf-163	35	22	blinder	blinder	NOUN
gujaf-163	35	23	,	,	PUNCT
gujaf-163	35	24	et	et	PROPN
gujaf-163	35	25	al	al	PROPN
gujaf-163	35	26	.	.	PROPN
gujaf-163	35	27	,	,	PUNCT
gujaf-163	35	28	2008	2008	NUM
gujaf-163	35	29	,	,	PUNCT
gujaf-163	35	30	amato	amato	PROPN
gujaf-163	35	31	et	et	PROPN
gujaf-163	35	32	al	al	PROPN
gujaf-163	35	33	.	.	PROPN
gujaf-163	35	34	,	,	PUNCT
gujaf-163	35	35	2002	2002	NUM
gujaf-163	35	36	and	and	CCONJ
gujaf-163	35	37	andersson	andersson	PROPN
gujaf-163	35	38	et	et	PROPN
gujaf-163	35	39	al	al	PROPN
gujaf-163	35	40	.	.	PROPN
gujaf-163	35	41	,	,	PUNCT
gujaf-163	35	42	2012	2012	NUM
gujaf-163	35	43	)	)	PUNCT
gujaf-163	35	44	.	.	PUNCT
gujaf-163	36	1	the	the	DET
gujaf-163	36	2	theoretical	theoretical	ADJ
gujaf-163	36	3	literature	literature	NOUN
gujaf-163	36	4	on	on	ADP
gujaf-163	36	5	the	the	DET
gujaf-163	36	6	sensitivity	sensitivity	NOUN
gujaf-163	36	7	of	of	ADP
gujaf-163	36	8	contact	contact	NOUN
gujaf-163	36	9	on	on	ADP
gujaf-163	36	10	monetary	monetary	ADJ
gujaf-163	36	11	policy	policy	NOUN
gujaf-163	36	12	is	be	AUX
gujaf-163	36	13	well	well	ADV
gujaf-163	36	14	established	establish	VERB
gujaf-163	36	15	(	(	PUNCT
gujaf-163	36	16	ehrmann	ehrmann	PROPN
gujaf-163	36	17	&	&	CCONJ
gujaf-163	36	18	fratzcher	fratzcher	NOUN
gujaf-163	36	19	,	,	PUNCT
gujaf-163	36	20	2017	2017	NUM
gujaf-163	36	21	)	)	PUNCT
gujaf-163	36	22	.	.	PUNCT
gujaf-163	37	1	furthermore	furthermore	ADV
gujaf-163	37	2	,	,	PUNCT
gujaf-163	37	3	while	while	SCONJ
gujaf-163	37	4	there	there	PRON
gujaf-163	37	5	is	be	VERB
gujaf-163	37	6	a	a	DET
gujaf-163	37	7	rising	rise	VERB
gujaf-163	37	8	empirical	empirical	ADJ
gujaf-163	37	9	literature	literature	NOUN
gujaf-163	37	10	on	on	ADP
gujaf-163	37	11	the	the	DET
gujaf-163	37	12	effectiveness	effectiveness	NOUN
gujaf-163	37	13	of	of	ADP
gujaf-163	37	14	central	central	ADJ
gujaf-163	37	15	bank	bank	NOUN
gujaf-163	37	16	communication	communication	NOUN
gujaf-163	37	17	,	,	PUNCT
gujaf-163	37	18	there	there	PRON
gujaf-163	37	19	is	be	VERB
gujaf-163	37	20	a	a	DET
gujaf-163	37	21	dearth	dearth	NOUN
gujaf-163	37	22	of	of	ADP
gujaf-163	37	23	evidence	evidence	NOUN
gujaf-163	37	24	from	from	ADP
gujaf-163	37	25	developing	develop	VERB
gujaf-163	37	26	countries	country	NOUN
gujaf-163	37	27	,	,	PUNCT
gujaf-163	37	28	particularly	particularly	ADV
gujaf-163	37	29	those	those	PRON
gujaf-163	37	30	in	in	ADP
gujaf-163	37	31	subsaharan	subsaharan	PROPN
gujaf-163	37	32	africa	africa	PROPN
gujaf-163	37	33	.	.	PUNCT
gujaf-163	38	1	this	this	DET
gujaf-163	38	2	research	research	NOUN
gujaf-163	38	3	attempts	attempt	VERB
gujaf-163	38	4	to	to	PART
gujaf-163	38	5	contribute	contribute	VERB
gujaf-163	38	6	to	to	ADP
gujaf-163	38	7	the	the	DET
gujaf-163	38	8	field	field	NOUN
gujaf-163	38	9	by	by	ADP
gujaf-163	38	10	quantifying	quantify	VERB
gujaf-163	38	11	the	the	DET
gujaf-163	38	12	impacts	impact	NOUN
gujaf-163	38	13	of	of	ADP
gujaf-163	38	14	central	central	ADJ
gujaf-163	38	15	bank	bank	NOUN
gujaf-163	38	16	interaction	interaction	NOUN
gujaf-163	38	17	on	on	ADP
gujaf-163	38	18	selected	select	VERB
gujaf-163	38	19	money	money	NOUN
gujaf-163	38	20	market	market	NOUN
gujaf-163	38	21	interest	interest	NOUN
gujaf-163	38	22	rates	rate	NOUN
gujaf-163	38	23	in	in	ADP
gujaf-163	38	24	nigeria	nigeria	PROPN
gujaf-163	38	25	.	.	PUNCT
gujaf-163	39	1	the	the	DET
gujaf-163	39	2	monetary	monetary	ADJ
gujaf-163	39	3	authorities	authority	NOUN
gujaf-163	39	4	care	care	VERB
gujaf-163	39	5	about	about	ADP
gujaf-163	39	6	whether	whether	SCONJ
gujaf-163	39	7	a	a	DET
gujaf-163	39	8	type	type	NOUN
gujaf-163	39	9	of	of	ADP
gujaf-163	39	10	central	central	ADJ
gujaf-163	39	11	bank	bank	NOUN
gujaf-163	39	12	communication	communication	NOUN
gujaf-163	39	13	effects	effect	NOUN
gujaf-163	39	14	monetary	monetary	ADJ
gujaf-163	39	15	policy	policy	NOUN
gujaf-163	39	16	outcomes	outcome	NOUN
gujaf-163	39	17	for	for	ADP
gujaf-163	39	18	at	at	ADV
gujaf-163	39	19	least	least	ADV
gujaf-163	39	20	two	two	NUM
gujaf-163	39	21	reasons	reason	NOUN
gujaf-163	39	22	:	:	PUNCT
gujaf-163	39	23	first	first	ADV
gujaf-163	39	24	,	,	PUNCT
gujaf-163	39	25	signaling	signal	VERB
gujaf-163	39	26	could	could	AUX
gujaf-163	39	27	be	be	AUX
gujaf-163	39	28	utilized	utilize	VERB
gujaf-163	39	29	as	as	ADP
gujaf-163	39	30	a	a	DET
gujaf-163	39	31	monetary	monetary	ADJ
gujaf-163	39	32	policy	policy	NOUN
gujaf-163	39	33	instrument	instrument	NOUN
gujaf-163	39	34	if	if	SCONJ
gujaf-163	39	35	it	it	PRON
gujaf-163	39	36	is	be	AUX
gujaf-163	39	37	discovered	discover	VERB
gujaf-163	39	38	that	that	SCONJ
gujaf-163	39	39	contact	contact	NOUN
gujaf-163	39	40	has	have	VERB
gujaf-163	39	41	a	a	DET
gujaf-163	39	42	significant	significant	ADJ
gujaf-163	39	43	impact	impact	NOUN
gujaf-163	39	44	on	on	ADP
gujaf-163	39	45	,	,	PUNCT
gujaf-163	39	46	say	say	INTJ
gujaf-163	39	47	,	,	PUNCT
gujaf-163	39	48	the	the	DET
gujaf-163	39	49	market	market	NOUN
gujaf-163	39	50	interest	interest	NOUN
gujaf-163	39	51	rate	rate	NOUN
gujaf-163	39	52	.	.	PUNCT
gujaf-163	40	1	as	as	ADP
gujaf-163	40	2	a	a	DET
gujaf-163	40	3	result	result	NOUN
gujaf-163	40	4	,	,	PUNCT
gujaf-163	40	5	the	the	DET
gujaf-163	40	6	central	central	ADJ
gujaf-163	40	7	bank	bank	NOUN
gujaf-163	40	8	will	will	AUX
gujaf-163	40	9	need	need	VERB
gujaf-163	40	10	to	to	PART
gujaf-163	40	11	develop	develop	VERB
gujaf-163	40	12	an	an	DET
gujaf-163	40	13	effective	effective	ADJ
gujaf-163	40	14	communication	communication	NOUN
gujaf-163	40	15	strategy	strategy	NOUN
gujaf-163	40	16	that	that	PRON
gujaf-163	40	17	allows	allow	VERB
gujaf-163	40	18	expectations	expectation	NOUN
gujaf-163	40	19	gusau	gusau	PRON
gujaf-163	40	20	journal	journal	NOUN
gujaf-163	40	21	of	of	ADP
gujaf-163	40	22	accounting	accounting	NOUN
gujaf-163	40	23	and	and	CCONJ
gujaf-163	40	24	finance	finance	NOUN
gujaf-163	40	25	,	,	PUNCT
gujaf-163	40	26	vol	vol	NOUN
gujaf-163	40	27	.	.	PUNCT
gujaf-163	40	28	2(3	2(3	NUM
gujaf-163	40	29	)	)	PUNCT
gujaf-163	40	30	,	,	PUNCT
gujaf-163	40	31	april	april	PROPN
gujaf-163	40	32	,	,	PUNCT
gujaf-163	40	33	2021	2021	NUM
gujaf-163	40	34	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	40	35	4	4	NUM
gujaf-163	40	36	to	to	PART
gujaf-163	40	37	be	be	AUX
gujaf-163	40	38	managed	manage	VERB
gujaf-163	40	39	in	in	ADP
gujaf-163	40	40	the	the	DET
gujaf-163	40	41	correct	correct	ADJ
gujaf-163	40	42	direction	direction	NOUN
gujaf-163	40	43	.	.	PUNCT
gujaf-163	41	1	second	second	ADJ
gujaf-163	41	2	,	,	PUNCT
gujaf-163	41	3	because	because	SCONJ
gujaf-163	41	4	it	it	PRON
gujaf-163	41	5	has	have	VERB
gujaf-163	41	6	the	the	DET
gujaf-163	41	7	potential	potential	NOUN
gujaf-163	41	8	to	to	PART
gujaf-163	41	9	enhance	enhance	VERB
gujaf-163	41	10	market	market	NOUN
gujaf-163	41	11	volatility	volatility	NOUN
gujaf-163	41	12	,	,	PUNCT
gujaf-163	41	13	scientific	scientific	ADJ
gujaf-163	41	14	awareness	awareness	NOUN
gujaf-163	41	15	of	of	ADP
gujaf-163	41	16	its	its	PRON
gujaf-163	41	17	impact	impact	NOUN
gujaf-163	41	18	would	would	AUX
gujaf-163	41	19	highlight	highlight	VERB
gujaf-163	41	20	the	the	DET
gujaf-163	41	21	risk	risk	NOUN
gujaf-163	41	22	of	of	ADP
gujaf-163	41	23	poor	poor	ADJ
gujaf-163	41	24	or	or	CCONJ
gujaf-163	41	25	noisy	noisy	ADJ
gujaf-163	41	26	communication	communication	NOUN
gujaf-163	41	27	,	,	PUNCT
gujaf-163	41	28	making	make	VERB
gujaf-163	41	29	it	it	PRON
gujaf-163	41	30	undesirable	undesirable	ADJ
gujaf-163	41	31	.	.	PUNCT
gujaf-163	42	1	to	to	PART
gujaf-163	42	2	forecast	forecast	VERB
gujaf-163	42	3	the	the	DET
gujaf-163	42	4	outcome	outcome	NOUN
gujaf-163	42	5	,	,	PUNCT
gujaf-163	42	6	this	this	DET
gujaf-163	42	7	study	study	NOUN
gujaf-163	42	8	calculates	calculate	VERB
gujaf-163	42	9	the	the	DET
gujaf-163	42	10	impact	impact	NOUN
gujaf-163	42	11	of	of	ADP
gujaf-163	42	12	monetary	monetary	ADJ
gujaf-163	42	13	policy	policy	NOUN
gujaf-163	42	14	signals	signal	NOUN
gujaf-163	42	15	that	that	PRON
gujaf-163	42	16	accompany	accompany	VERB
gujaf-163	42	17	one	one	NUM
gujaf-163	42	18	type	type	NOUN
gujaf-163	42	19	of	of	ADP
gujaf-163	42	20	central	central	ADJ
gujaf-163	42	21	bank	bank	NOUN
gujaf-163	42	22	communication	communication	NOUN
gujaf-163	42	23	,	,	PUNCT
gujaf-163	42	24	the	the	DET
gujaf-163	42	25	mpc	mpc	NOUN
gujaf-163	42	26	communiqué	communiqué	NOUN
gujaf-163	42	27	and	and	CCONJ
gujaf-163	42	28	minutes	minute	NOUN
gujaf-163	42	29	of	of	ADP
gujaf-163	42	30	its	its	PRON
gujaf-163	42	31	meetings	meeting	NOUN
gujaf-163	42	32	,	,	PUNCT
gujaf-163	42	33	on	on	ADP
gujaf-163	42	34	daily	daily	ADJ
gujaf-163	42	35	money	money	NOUN
gujaf-163	42	36	market	market	NOUN
gujaf-163	42	37	rates	rate	NOUN
gujaf-163	42	38	from	from	ADP
gujaf-163	42	39	may	may	PROPN
gujaf-163	42	40	2010	2010	NUM
gujaf-163	42	41	to	to	ADP
gujaf-163	42	42	july	july	PROPN
gujaf-163	42	43	2020	2020	NUM
gujaf-163	42	44	.	.	PUNCT
gujaf-163	43	1	the	the	DET
gujaf-163	43	2	study	study	NOUN
gujaf-163	43	3	tracks	track	VERB
gujaf-163	43	4	the	the	DET
gujaf-163	43	5	current	current	ADJ
gujaf-163	43	6	consequences	consequence	NOUN
gujaf-163	43	7	of	of	ADP
gujaf-163	43	8	policy	policy	NOUN
gujaf-163	43	9	conduct	conduct	NOUN
gujaf-163	43	10	in	in	ADP
gujaf-163	43	11	response	response	NOUN
gujaf-163	43	12	to	to	ADP
gujaf-163	43	13	the	the	DET
gujaf-163	43	14	communiqués	communiqué	NOUN
gujaf-163	43	15	.	.	PUNCT
gujaf-163	44	1	it	it	PRON
gujaf-163	44	2	is	be	AUX
gujaf-163	44	3	discovered	discover	VERB
gujaf-163	44	4	that	that	SCONJ
gujaf-163	44	5	money	money	NOUN
gujaf-163	44	6	market	market	NOUN
gujaf-163	44	7	rates	rate	NOUN
gujaf-163	44	8	were	be	AUX
gujaf-163	44	9	significantly	significantly	ADV
gujaf-163	44	10	more	more	ADV
gujaf-163	44	11	volatile	volatile	ADJ
gujaf-163	44	12	in	in	ADP
gujaf-163	44	13	the	the	DET
gujaf-163	44	14	weeks	week	NOUN
gujaf-163	44	15	following	follow	VERB
gujaf-163	44	16	the	the	DET
gujaf-163	44	17	communiqué	communiqué	NOUN
gujaf-163	44	18	's	's	PART
gujaf-163	44	19	release	release	NOUN
gujaf-163	44	20	than	than	ADP
gujaf-163	44	21	on	on	ADP
gujaf-163	44	22	previous	previous	ADJ
gujaf-163	44	23	days	day	NOUN
gujaf-163	44	24	.	.	PUNCT
gujaf-163	45	1	the	the	DET
gujaf-163	45	2	study	study	NOUN
gujaf-163	45	3	's	's	PART
gujaf-163	45	4	empirical	empirical	ADJ
gujaf-163	45	5	question	question	NOUN
gujaf-163	45	6	is	be	AUX
gujaf-163	45	7	whether	whether	SCONJ
gujaf-163	45	8	such	such	ADJ
gujaf-163	45	9	communications	communication	NOUN
gujaf-163	45	10	and	and	CCONJ
gujaf-163	45	11	signals	signal	NOUN
gujaf-163	45	12	have	have	VERB
gujaf-163	45	13	discrete	discrete	ADJ
gujaf-163	45	14	and	and	CCONJ
gujaf-163	45	15	independent	independent	ADJ
gujaf-163	45	16	effects	effect	NOUN
gujaf-163	45	17	on	on	ADP
gujaf-163	45	18	interest	interest	NOUN
gujaf-163	45	19	rates	rate	NOUN
gujaf-163	45	20	,	,	PUNCT
gujaf-163	45	21	hence	hence	ADV
gujaf-163	45	22	improving	improve	VERB
gujaf-163	45	23	monetary	monetary	ADJ
gujaf-163	45	24	policy	policy	NOUN
gujaf-163	45	25	effectiveness	effectiveness	NOUN
gujaf-163	45	26	in	in	ADP
gujaf-163	45	27	nigeria	nigeria	PROPN
gujaf-163	45	28	.	.	PUNCT
gujaf-163	46	1	the	the	DET
gujaf-163	46	2	monetary	monetary	ADJ
gujaf-163	46	3	authorities	authority	NOUN
gujaf-163	46	4	,	,	PUNCT
gujaf-163	46	5	particularly	particularly	ADV
gujaf-163	46	6	the	the	DET
gujaf-163	46	7	mpc	mpc	NOUN
gujaf-163	46	8	,	,	PUNCT
gujaf-163	46	9	will	will	AUX
gujaf-163	46	10	surely	surely	ADV
gujaf-163	46	11	benefit	benefit	VERB
gujaf-163	46	12	from	from	ADP
gujaf-163	46	13	the	the	DET
gujaf-163	46	14	empirical	empirical	ADJ
gujaf-163	46	15	response	response	NOUN
gujaf-163	46	16	to	to	ADP
gujaf-163	46	17	this	this	DET
gujaf-163	46	18	question	question	NOUN
gujaf-163	46	19	.	.	PUNCT
gujaf-163	47	1	consequently	consequently	ADV
gujaf-163	47	2	,	,	PUNCT
gujaf-163	47	3	the	the	DET
gujaf-163	47	4	main	main	ADJ
gujaf-163	47	5	objective	objective	NOUN
gujaf-163	47	6	of	of	ADP
gujaf-163	47	7	this	this	DET
gujaf-163	47	8	research	research	NOUN
gujaf-163	47	9	is	be	AUX
gujaf-163	47	10	to	to	PART
gujaf-163	47	11	findout	findout	VERB
gujaf-163	47	12	if	if	SCONJ
gujaf-163	47	13	mpc	mpc	NOUN
gujaf-163	47	14	communications	communication	NOUN
gujaf-163	47	15	can	can	AUX
gujaf-163	47	16	be	be	AUX
gujaf-163	47	17	used	use	VERB
gujaf-163	47	18	as	as	ADP
gujaf-163	47	19	a	a	DET
gujaf-163	47	20	substitute	substitute	NOUN
gujaf-163	47	21	or	or	CCONJ
gujaf-163	47	22	supplement	supplement	NOUN
gujaf-163	47	23	to	to	PART
gujaf-163	47	24	achieve	achieve	VERB
gujaf-163	47	25	share	share	NOUN
gujaf-163	47	26	price	price	NOUN
gujaf-163	47	27	stability	stability	NOUN
gujaf-163	47	28	in	in	ADP
gujaf-163	47	29	nigeria	nigeria	PROPN
gujaf-163	47	30	.	.	PUNCT
gujaf-163	48	1	2.1	2.1	NUM
gujaf-163	48	2	literature	literature	NOUN
gujaf-163	48	3	review	review	NOUN
gujaf-163	48	4	and	and	CCONJ
gujaf-163	48	5	theoretical	theoretical	ADJ
gujaf-163	48	6	modeling	model	VERB
gujaf-163	48	7	monetary	monetary	ADJ
gujaf-163	48	8	policy	policy	NOUN
gujaf-163	48	9	tightening	tightening	NOUN
gujaf-163	48	10	is	be	AUX
gujaf-163	48	11	a	a	DET
gujaf-163	48	12	term	term	NOUN
gujaf-163	48	13	used	use	VERB
gujaf-163	48	14	by	by	ADP
gujaf-163	48	15	central	central	ADJ
gujaf-163	48	16	banks	bank	NOUN
gujaf-163	48	17	to	to	PART
gujaf-163	48	18	describe	describe	VERB
gujaf-163	48	19	any	any	DET
gujaf-163	48	20	measure	measure	NOUN
gujaf-163	48	21	taken	take	VERB
gujaf-163	48	22	by	by	ADP
gujaf-163	48	23	them	they	PRON
gujaf-163	48	24	to	to	PART
gujaf-163	48	25	either	either	CCONJ
gujaf-163	48	26	reduce	reduce	VERB
gujaf-163	48	27	expenditure	expenditure	NOUN
gujaf-163	48	28	in	in	ADP
gujaf-163	48	29	a	a	DET
gujaf-163	48	30	fast	fast	ADV
gujaf-163	48	31	-	-	PUNCT
gujaf-163	48	32	growing	grow	VERB
gujaf-163	48	33	economy	economy	NOUN
gujaf-163	48	34	or	or	CCONJ
gujaf-163	48	35	to	to	PART
gujaf-163	48	36	contain	contain	VERB
gujaf-163	48	37	increasing	increase	VERB
gujaf-163	48	38	inflation	inflation	NOUN
gujaf-163	48	39	.	.	PUNCT
gujaf-163	49	1	the	the	DET
gujaf-163	49	2	central	central	ADJ
gujaf-163	49	3	bank	bank	PROPN
gujaf-163	49	4	usually	usually	ADV
gujaf-163	49	5	tightens	tighten	VERB
gujaf-163	49	6	monetary	monetary	ADJ
gujaf-163	49	7	conditions	condition	NOUN
gujaf-163	49	8	by	by	ADP
gujaf-163	49	9	raising	raise	VERB
gujaf-163	49	10	its	its	PRON
gujaf-163	49	11	main	main	ADJ
gujaf-163	49	12	short	short	ADJ
gujaf-163	49	13	-	-	PUNCT
gujaf-163	49	14	term	term	NOUN
gujaf-163	49	15	interest	interest	NOUN
gujaf-163	49	16	rate	rate	NOUN
gujaf-163	49	17	,	,	PUNCT
gujaf-163	49	18	which	which	PRON
gujaf-163	49	19	boosts	boost	VERB
gujaf-163	49	20	the	the	DET
gujaf-163	49	21	cost	cost	NOUN
gujaf-163	49	22	of	of	ADP
gujaf-163	49	23	borrowing	borrowing	NOUN
gujaf-163	49	24	and	and	CCONJ
gujaf-163	49	25	significantly	significantly	ADV
gujaf-163	49	26	lowers	lower	VERB
gujaf-163	49	27	its	its	PRON
gujaf-163	49	28	attractiveness	attractiveness	NOUN
gujaf-163	49	29	.	.	PUNCT
gujaf-163	50	1	making	make	VERB
gujaf-163	50	2	liquidity	liquidity	NOUN
gujaf-163	50	3	in	in	ADP
gujaf-163	50	4	an	an	DET
gujaf-163	50	5	economy	economy	NOUN
gujaf-163	50	6	less	less	ADV
gujaf-163	50	7	available	available	ADJ
gujaf-163	50	8	by	by	ADP
gujaf-163	50	9	boosting	boost	VERB
gujaf-163	50	10	credit	credit	NOUN
gujaf-163	50	11	standards	standard	NOUN
gujaf-163	50	12	or	or	CCONJ
gujaf-163	50	13	credentials	credential	NOUN
gujaf-163	50	14	,	,	PUNCT
gujaf-163	50	15	sucking	suck	VERB
gujaf-163	50	16	up	up	ADP
gujaf-163	50	17	cash	cash	NOUN
gujaf-163	50	18	through	through	ADP
gujaf-163	50	19	government	government	NOUN
gujaf-163	50	20	bond	bond	NOUN
gujaf-163	50	21	purchases	purchase	NOUN
gujaf-163	50	22	,	,	PUNCT
gujaf-163	50	23	and	and	CCONJ
gujaf-163	50	24	increasing	increase	VERB
gujaf-163	50	25	the	the	DET
gujaf-163	50	26	bank	bank	NOUN
gujaf-163	50	27	's	's	PART
gujaf-163	50	28	demand	demand	NOUN
gujaf-163	50	29	for	for	ADP
gujaf-163	50	30	reserves	reserve	NOUN
gujaf-163	50	31	are	be	AUX
gujaf-163	50	32	all	all	PRON
gujaf-163	50	33	ways	way	NOUN
gujaf-163	50	34	to	to	PART
gujaf-163	50	35	tighten	tighten	VERB
gujaf-163	50	36	monetary	monetary	ADJ
gujaf-163	50	37	policy	policy	NOUN
gujaf-163	50	38	monetary	monetary	ADJ
gujaf-163	50	39	tightening	tightening	NOUN
gujaf-163	50	40	can	can	AUX
gujaf-163	50	41	be	be	AUX
gujaf-163	50	42	achieved	achieve	VERB
gujaf-163	50	43	by	by	ADP
gujaf-163	50	44	increasing	increase	VERB
gujaf-163	50	45	interest	interest	NOUN
gujaf-163	50	46	rates	rate	NOUN
gujaf-163	50	47	to	to	PART
gujaf-163	50	48	make	make	VERB
gujaf-163	50	49	the	the	DET
gujaf-163	50	50	return	return	NOUN
gujaf-163	50	51	on	on	ADP
gujaf-163	50	52	that	that	DET
gujaf-163	50	53	currency	currency	NOUN
gujaf-163	50	54	more	more	ADV
gujaf-163	50	55	attractive	attractive	ADJ
gujaf-163	50	56	in	in	ADP
gujaf-163	50	57	comparison	comparison	NOUN
gujaf-163	50	58	to	to	ADP
gujaf-163	50	59	other	other	ADJ
gujaf-163	50	60	currencies	currency	NOUN
gujaf-163	50	61	,	,	PUNCT
gujaf-163	50	62	in	in	ADP
gujaf-163	50	63	addition	addition	NOUN
gujaf-163	50	64	to	to	ADP
gujaf-163	50	65	raising	raise	VERB
gujaf-163	50	66	borrowing	borrowing	NOUN
gujaf-163	50	67	costs	cost	NOUN
gujaf-163	50	68	and	and	CCONJ
gujaf-163	50	69	lowering	lower	VERB
gujaf-163	50	70	credit	credit	NOUN
gujaf-163	50	71	supply	supply	NOUN
gujaf-163	50	72	.	.	PUNCT
gujaf-163	51	1	the	the	DET
gujaf-163	51	2	objectives	objective	NOUN
gujaf-163	51	3	,	,	PUNCT
gujaf-163	51	4	strategy	strategy	NOUN
gujaf-163	51	5	,	,	PUNCT
gujaf-163	51	6	economic	economic	ADJ
gujaf-163	51	7	prognosis	prognosis	NOUN
gujaf-163	51	8	,	,	PUNCT
gujaf-163	51	9	and	and	CCONJ
gujaf-163	51	10	outlook	outlook	NOUN
gujaf-163	51	11	for	for	ADP
gujaf-163	51	12	future	future	ADJ
gujaf-163	51	13	policy	policy	NOUN
gujaf-163	51	14	actions	action	NOUN
gujaf-163	51	15	are	be	AUX
gujaf-163	51	16	all	all	PRON
gujaf-163	51	17	part	part	NOUN
gujaf-163	51	18	of	of	ADP
gujaf-163	51	19	the	the	DET
gujaf-163	51	20	central	central	ADJ
gujaf-163	51	21	bank	bank	NOUN
gujaf-163	51	22	's	's	PART
gujaf-163	51	23	public	public	ADJ
gujaf-163	51	24	communication	communication	NOUN
gujaf-163	51	25	.	.	PUNCT
gujaf-163	52	1	what	what	PRON
gujaf-163	52	2	effect	effect	NOUN
gujaf-163	52	3	does	do	VERB
gujaf-163	52	4	information	information	NOUN
gujaf-163	52	5	on	on	ADP
gujaf-163	52	6	these	these	DET
gujaf-163	52	7	four	four	NUM
gujaf-163	52	8	elements	element	NOUN
gujaf-163	52	9	of	of	ADP
gujaf-163	52	10	monetary	monetary	ADJ
gujaf-163	52	11	policy	policy	NOUN
gujaf-163	52	12	have	have	VERB
gujaf-163	52	13	on	on	ADP
gujaf-163	52	14	its	its	PRON
gujaf-163	52	15	outcomes	outcome	NOUN
gujaf-163	52	16	?	?	PUNCT
gujaf-163	53	1	expectations	expectation	NOUN
gujaf-163	53	2	could	could	AUX
gujaf-163	53	3	be	be	AUX
gujaf-163	53	4	one	one	NUM
gujaf-163	53	5	path	path	NOUN
gujaf-163	53	6	to	to	PART
gujaf-163	53	7	take	take	VERB
gujaf-163	53	8	.	.	PUNCT
gujaf-163	54	1	the	the	DET
gujaf-163	54	2	power	power	NOUN
gujaf-163	54	3	of	of	ADP
gujaf-163	54	4	the	the	DET
gujaf-163	54	5	central	central	ADJ
gujaf-163	54	6	bank	bank	NOUN
gujaf-163	54	7	to	to	PART
gujaf-163	54	8	impact	impact	VERB
gujaf-163	54	9	the	the	DET
gujaf-163	54	10	economy	economy	NOUN
gujaf-163	54	11	is	be	AUX
gujaf-163	54	12	widely	widely	ADV
gujaf-163	54	13	acknowledged	acknowledge	VERB
gujaf-163	54	14	to	to	PART
gujaf-163	54	15	be	be	AUX
gujaf-163	54	16	dependent	dependent	ADJ
gujaf-163	54	17	on	on	ADP
gujaf-163	54	18	its	its	PRON
gujaf-163	54	19	capacity	capacity	NOUN
gujaf-163	54	20	to	to	PART
gujaf-163	54	21	influence	influence	VERB
gujaf-163	54	22	investor	investor	NOUN
gujaf-163	54	23	expectations	expectation	NOUN
gujaf-163	54	24	about	about	ADP
gujaf-163	54	25	the	the	DET
gujaf-163	54	26	likely	likely	ADJ
gujaf-163	54	27	direction	direction	NOUN
gujaf-163	54	28	of	of	ADP
gujaf-163	54	29	overnight	overnight	ADJ
gujaf-163	54	30	interest	interest	NOUN
gujaf-163	54	31	rates	rate	NOUN
gujaf-163	54	32	,	,	PUNCT
gujaf-163	54	33	rather	rather	ADV
gujaf-163	54	34	than	than	ADP
gujaf-163	54	35	just	just	ADV
gujaf-163	54	36	the	the	DET
gujaf-163	54	37	current	current	ADJ
gujaf-163	54	38	level	level	NOUN
gujaf-163	54	39	.	.	PUNCT
gujaf-163	55	1	this	this	PRON
gujaf-163	55	2	is	be	AUX
gujaf-163	55	3	because	because	SCONJ
gujaf-163	55	4	most	most	ADJ
gujaf-163	55	5	economic	economic	ADJ
gujaf-163	55	6	options	option	NOUN
gujaf-163	55	7	are	be	AUX
gujaf-163	55	8	based	base	VERB
gujaf-163	55	9	on	on	ADP
gujaf-163	55	10	long	long	ADJ
gujaf-163	55	11	-	-	PUNCT
gujaf-163	55	12	term	term	NOUN
gujaf-163	55	13	prices	price	NOUN
gujaf-163	55	14	,	,	PUNCT
gujaf-163	55	15	such	such	ADJ
gujaf-163	55	16	as	as	ADP
gujaf-163	55	17	:	:	PUNCT
gujaf-163	55	18	the	the	DET
gujaf-163	55	19	expectation	expectation	NOUN
gujaf-163	55	20	theory	theory	NOUN
gujaf-163	55	21	of	of	ADP
gujaf-163	55	22	term	term	NOUN
gujaf-163	55	23	structure	structure	NOUN
gujaf-163	55	24	only	only	ADV
gujaf-163	55	25	illustrates	illustrate	VERB
gujaf-163	55	26	the	the	DET
gujaf-163	55	27	relationship	relationship	NOUN
gujaf-163	55	28	between	between	ADP
gujaf-163	55	29	short	short	ADJ
gujaf-163	55	30	and	and	CCONJ
gujaf-163	55	31	long	long	ADJ
gujaf-163	55	32	term	term	NOUN
gujaf-163	55	33	rates	rate	NOUN
gujaf-163	55	34	.	.	PUNCT
gujaf-163	56	1	this	this	PRON
gujaf-163	56	2	provides	provide	VERB
gujaf-163	56	3	a	a	DET
gujaf-163	56	4	useful	useful	ADJ
gujaf-163	56	5	framework	framework	NOUN
gujaf-163	56	6	for	for	ADP
gujaf-163	56	7	monetary	monetary	ADJ
gujaf-163	56	8	policymakers	policymaker	NOUN
gujaf-163	56	9	,	,	PUNCT
gujaf-163	56	10	financial	financial	ADJ
gujaf-163	56	11	market	market	NOUN
gujaf-163	56	12	practitioners	practitioner	NOUN
gujaf-163	56	13	,	,	PUNCT
gujaf-163	56	14	and	and	CCONJ
gujaf-163	56	15	academics	academic	NOUN
gujaf-163	56	16	to	to	PART
gujaf-163	56	17	examine	examine	VERB
gujaf-163	56	18	interest	interest	NOUN
gujaf-163	56	19	rates	rate	NOUN
gujaf-163	56	20	.	.	PUNCT
gujaf-163	57	1	(	(	PUNCT
gujaf-163	57	2	see	see	VERB
gujaf-163	57	3	for	for	ADP
gujaf-163	57	4	instance	instance	NOUN
gujaf-163	57	5	,	,	PUNCT
gujaf-163	57	6	piazzesi	piazzesi	PROPN
gujaf-163	57	7	,	,	PUNCT
gujaf-163	57	8	(	(	PUNCT
gujaf-163	57	9	2005	2005	NUM
gujaf-163	57	10	)	)	PUNCT
gujaf-163	57	11	;	;	PUNCT
gujaf-163	57	12	poole	poole	NOUN
gujaf-163	57	13	,	,	PUNCT
gujaf-163	57	14	(	(	PUNCT
gujaf-163	57	15	2005	2005	NUM
gujaf-163	57	16	)	)	PUNCT
gujaf-163	57	17	and	and	CCONJ
gujaf-163	57	18	refet	refet	PROPN
gujaf-163	57	19	&	&	CCONJ
gujaf-163	57	20	jonathan	jonathan	PROPN
gujaf-163	57	21	(	(	PUNCT
gujaf-163	57	22	2010	2010	NUM
gujaf-163	57	23	)	)	PUNCT
gujaf-163	57	24	)	)	PUNCT
gujaf-163	57	25	.	.	PUNCT
gujaf-163	58	1	mainly	mainly	ADV
gujaf-163	58	2	,	,	PUNCT
gujaf-163	58	3	the	the	DET
gujaf-163	58	4	theory	theory	NOUN
gujaf-163	58	5	establishes	establish	VERB
gujaf-163	58	6	that	that	SCONJ
gujaf-163	58	7	long	long	ADJ
gujaf-163	58	8	term	term	NOUN
gujaf-163	58	9	rates	rate	NOUN
gujaf-163	58	10	are	be	AUX
gujaf-163	58	11	largely	largely	ADV
gujaf-163	58	12	influenced	influence	VERB
gujaf-163	58	13	by	by	ADP
gujaf-163	58	14	the	the	DET
gujaf-163	58	15	expectation	expectation	NOUN
gujaf-163	58	16	of	of	ADP
gujaf-163	58	17	future	future	ADJ
gujaf-163	58	18	short	short	ADJ
gujaf-163	58	19	term	term	NOUN
gujaf-163	58	20	rates	rate	NOUN
gujaf-163	58	21	.	.	PUNCT
gujaf-163	59	1	according	accord	VERB
gujaf-163	59	2	to	to	ADP
gujaf-163	59	3	blinder	blinder	PROPN
gujaf-163	59	4	et	et	PROPN
gujaf-163	59	5	al	al	PROPN
gujaf-163	59	6	(	(	PUNCT
gujaf-163	59	7	2008	2008	NUM
gujaf-163	59	8	)	)	PUNCT
gujaf-163	59	9	,	,	PUNCT
gujaf-163	59	10	expectation	expectation	NOUN
gujaf-163	59	11	theory	theory	NOUN
gujaf-163	59	12	of	of	ADP
gujaf-163	59	13	term	term	NOUN
gujaf-163	59	14	structure	structure	NOUN
gujaf-163	59	15	states	state	VERB
gujaf-163	59	16	that	that	SCONJ
gujaf-163	59	17	long	long	ADJ
gujaf-163	59	18	term	term	NOUN
gujaf-163	59	19	interest	interest	NOUN
gujaf-163	59	20	rate	rate	NOUN
gujaf-163	59	21	depends	depend	VERB
gujaf-163	59	22	on	on	ADP
gujaf-163	59	23	the	the	DET
gujaf-163	59	24	term	term	NOUN
gujaf-163	59	25	premium	premium	NOUN
gujaf-163	59	26	plus	plus	CCONJ
gujaf-163	59	27	the	the	DET
gujaf-163	59	28	average	average	NOUN
gujaf-163	59	29	of	of	ADP
gujaf-163	59	30	current	current	ADJ
gujaf-163	59	31	short	short	ADJ
gujaf-163	59	32	term	term	NOUN
gujaf-163	59	33	rate	rate	NOUN
gujaf-163	59	34	and	and	CCONJ
gujaf-163	59	35	the	the	DET
gujaf-163	59	36	sequence	sequence	NOUN
gujaf-163	59	37	of	of	ADP
gujaf-163	59	38	future	future	ADJ
gujaf-163	59	39	expected	expect	VERB
gujaf-163	59	40	short	short	ADJ
gujaf-163	59	41	term	term	NOUN
gujaf-163	59	42	rate	rate	NOUN
gujaf-163	59	43	.	.	PUNCT
gujaf-163	60	1	this	this	PRON
gujaf-163	60	2	is	be	AUX
gujaf-163	60	3	expressed	express	VERB
gujaf-163	60	4	in	in	ADP
gujaf-163	60	5	equation	equation	NOUN
gujaf-163	60	6	(	(	PUNCT
gujaf-163	60	7	1	1	X
gujaf-163	60	8	)	)	PUNCT
gujaf-163	60	9	rt=	rt=	NOUN
gujaf-163	60	10	ά0	ά0	ADV
gujaf-163	60	11	+	+	CCONJ
gujaf-163	60	12	(	(	PUNCT
gujaf-163	60	13	1	1	NUM
gujaf-163	60	14	/	/	SYM
gujaf-163	60	15	n	n	CCONJ
gujaf-163	60	16	)	)	PUNCT
gujaf-163	60	17	(	(	PUNCT
gujaf-163	60	18	rt	rt	PROPN
gujaf-163	60	19	+	+	CCONJ
gujaf-163	60	20	re	re	NOUN
gujaf-163	60	21	t+1	t+1	PROPN
gujaf-163	60	22	+	+	CCONJ
gujaf-163	60	23	re	re	VERB
gujaf-163	60	24	t+2	t+2	NOUN
gujaf-163	60	25	+	+	CCONJ
gujaf-163	60	26	re	re	VERB
gujaf-163	60	27	t	t	NOUN
gujaf-163	60	28	-	-	PUNCT
gujaf-163	60	29	n-1	n-1	NUM
gujaf-163	60	30	)	)	PUNCT
gujaf-163	61	1	+	+	CCONJ
gujaf-163	61	2	ult	ult	NOUN
gujaf-163	61	3	------------------------------------------------------(i	------------------------------------------------------(i	PUNCT
gujaf-163	61	4	)	)	PUNCT
gujaf-163	61	5	where	where	SCONJ
gujaf-163	61	6	rt	rt	PROPN
gujaf-163	61	7	,	,	PUNCT
gujaf-163	61	8	αo	αo	PROPN
gujaf-163	61	9	,	,	PUNCT
gujaf-163	61	10	rt	rt	PROPN
gujaf-163	61	11	are	be	AUX
gujaf-163	61	12	the	the	DET
gujaf-163	61	13	long	long	ADJ
gujaf-163	61	14	-	-	PUNCT
gujaf-163	61	15	term	term	NOUN
gujaf-163	61	16	rate	rate	NOUN
gujaf-163	61	17	,	,	PUNCT
gujaf-163	61	18	term	term	NOUN
gujaf-163	61	19	premium	premium	NOUN
gujaf-163	61	20	,	,	PUNCT
gujaf-163	61	21	and	and	CCONJ
gujaf-163	61	22	current	current	ADJ
gujaf-163	61	23	short	short	ADJ
gujaf-163	61	24	-	-	PUNCT
gujaf-163	61	25	term	term	NOUN
gujaf-163	61	26	rate	rate	NOUN
gujaf-163	61	27	respectively	respectively	ADV
gujaf-163	61	28	and	and	CCONJ
gujaf-163	61	29	re	re	ADP
gujaf-163	61	30	t+1	t+1	PROPN
gujaf-163	61	31	+	+	CCONJ
gujaf-163	61	32	re	re	VERB
gujaf-163	61	33	t+2	t+2	NUM
gujaf-163	61	34	…	…	PUNCT
gujaf-163	61	35	…	…	PUNCT
gujaf-163	61	36	…	…	PUNCT
gujaf-163	61	37	..	..	PUNCT
gujaf-163	61	38	are	be	AUX
gujaf-163	61	39	streams	stream	NOUN
gujaf-163	61	40	of	of	ADP
gujaf-163	61	41	future	future	ADJ
gujaf-163	61	42	short	short	ADJ
gujaf-163	61	43	-	-	PUNCT
gujaf-163	61	44	term	term	NOUN
gujaf-163	61	45	rate	rate	NOUN
gujaf-163	61	46	.	.	PUNCT
gujaf-163	62	1	the	the	DET
gujaf-163	62	2	ult	ult	NOUN
gujaf-163	62	3	captures	capture	VERB
gujaf-163	62	4	other	other	ADJ
gujaf-163	62	5	factors	factor	NOUN
gujaf-163	62	6	.	.	PUNCT
gujaf-163	63	1	as	as	SCONJ
gujaf-163	63	2	shown	show	VERB
gujaf-163	63	3	in	in	ADP
gujaf-163	63	4	this	this	DET
gujaf-163	63	5	equation	equation	NOUN
gujaf-163	63	6	,	,	PUNCT
gujaf-163	63	7	expectations	expectation	NOUN
gujaf-163	63	8	play	play	VERB
gujaf-163	63	9	a	a	DET
gujaf-163	63	10	vital	vital	ADJ
gujaf-163	63	11	role	role	NOUN
gujaf-163	63	12	in	in	ADP
gujaf-163	63	13	determining	determine	VERB
gujaf-163	63	14	longer	long	ADJ
gujaf-163	63	15	-	-	PUNCT
gujaf-163	63	16	term	term	NOUN
gujaf-163	63	17	rates	rate	NOUN
gujaf-163	63	18	.	.	PUNCT
gujaf-163	64	1	(	(	PUNCT
gujaf-163	64	2	sellon	sellon	ADV
gujaf-163	64	3	,	,	PUNCT
gujaf-163	64	4	2004	2004	NUM
gujaf-163	64	5	)	)	PUNCT
gujaf-163	64	6	.	.	PUNCT
gujaf-163	65	1	gusau	gusau	PROPN
gujaf-163	65	2	journal	journal	PROPN
gujaf-163	65	3	of	of	ADP
gujaf-163	65	4	accounting	accounting	NOUN
gujaf-163	65	5	and	and	CCONJ
gujaf-163	65	6	finance	finance	NOUN
gujaf-163	65	7	,	,	PUNCT
gujaf-163	65	8	vol	vol	NOUN
gujaf-163	65	9	.	.	PUNCT
gujaf-163	65	10	2(3	2(3	NUM
gujaf-163	65	11	)	)	PUNCT
gujaf-163	65	12	,	,	PUNCT
gujaf-163	65	13	april	april	PROPN
gujaf-163	65	14	,	,	PUNCT
gujaf-163	65	15	2021	2021	NUM
gujaf-163	65	16	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	65	17	5	5	NUM
gujaf-163	65	18	equations	equation	NOUN
gujaf-163	65	19	(	(	PUNCT
gujaf-163	65	20	2	2	NUM
gujaf-163	65	21	)	)	PUNCT
gujaf-163	65	22	–	–	PUNCT
gujaf-163	65	23	(	(	PUNCT
gujaf-163	65	24	4	4	X
gujaf-163	65	25	)	)	PUNCT
gujaf-163	65	26	apply	apply	VERB
gujaf-163	65	27	equation	equation	NOUN
gujaf-163	65	28	1	1	NUM
gujaf-163	65	29	to	to	ADP
gujaf-163	65	30	selected	select	VERB
gujaf-163	65	31	maturities	maturity	NOUN
gujaf-163	65	32	to	to	PART
gujaf-163	65	33	demonstrate	demonstrate	VERB
gujaf-163	65	34	the	the	DET
gujaf-163	65	35	link	link	NOUN
gujaf-163	65	36	between	between	ADP
gujaf-163	65	37	these	these	DET
gujaf-163	65	38	rates	rate	NOUN
gujaf-163	65	39	and	and	CCONJ
gujaf-163	65	40	expected	expect	VERB
gujaf-163	65	41	future	future	ADJ
gujaf-163	65	42	monetary	monetary	ADJ
gujaf-163	65	43	policy	policy	NOUN
gujaf-163	65	44	decisions	decision	NOUN
gujaf-163	65	45	.	.	PUNCT
gujaf-163	66	1	6	6	NUM
gujaf-163	66	2	months	month	NOUN
gujaf-163	66	3	rate	rate	NOUN
gujaf-163	66	4	=	=	NOUN
gujaf-163	66	5	term	term	NOUN
gujaf-163	66	6	premium	premium	NOUN
gujaf-163	66	7	+	+	CCONJ
gujaf-163	66	8	1/6(1month	1/6(1month	NUM
gujaf-163	66	9	rate	rate	NOUN
gujaf-163	66	10	+	+	CCONJ
gujaf-163	66	11	sum	sum	NOUN
gujaf-163	66	12	of	of	ADP
gujaf-163	66	13	expected	expected	ADJ
gujaf-163	66	14	1month	1month	NUM
gujaf-163	66	15	rate	rate	NOUN
gujaf-163	66	16	over	over	ADP
gujaf-163	66	17	5months	5months	NUM
gujaf-163	66	18	)	)	PUNCT
gujaf-163	66	19	--------------------------------------------------------------------------------------------------------------(ii	--------------------------------------------------------------------------------------------------------------(ii	NOUN
gujaf-163	66	20	)	)	PUNCT
gujaf-163	66	21	1	1	NUM
gujaf-163	66	22	-	-	PUNCT
gujaf-163	66	23	year	year	NOUN
gujaf-163	66	24	rate	rate	NOUN
gujaf-163	66	25	=	=	NOUN
gujaf-163	66	26	term	term	NOUN
gujaf-163	66	27	premium	premium	NOUN
gujaf-163	66	28	+	+	CCONJ
gujaf-163	66	29	1/12(1month	1/12(1month	NUM
gujaf-163	66	30	rate	rate	NOUN
gujaf-163	66	31	+	+	CCONJ
gujaf-163	66	32	sum	sum	NOUN
gujaf-163	66	33	of	of	ADP
gujaf-163	66	34	expected	expected	ADJ
gujaf-163	66	35	1month	1month	NUM
gujaf-163	66	36	rate	rate	NOUN
gujaf-163	66	37	over	over	ADP
gujaf-163	66	38	11months	11months	NUM
gujaf-163	66	39	)	)	PUNCT
gujaf-163	66	40	-----------------------------------------------------------------------------------------------(iii	-----------------------------------------------------------------------------------------------(iii	NOUN
gujaf-163	66	41	)	)	PUNCT
gujaf-163	66	42	2	2	NUM
gujaf-163	66	43	-	-	PUNCT
gujaf-163	66	44	year	year	NOUN
gujaf-163	66	45	rate	rate	NOUN
gujaf-163	66	46	=	=	NOUN
gujaf-163	66	47	term	term	NOUN
gujaf-163	66	48	premium	premium	NOUN
gujaf-163	66	49	+	+	CCONJ
gujaf-163	66	50	1/24(1month	1/24(1month	NUM
gujaf-163	66	51	rate	rate	NOUN
gujaf-163	66	52	+	+	CCONJ
gujaf-163	66	53	sum	sum	NOUN
gujaf-163	66	54	of	of	ADP
gujaf-163	66	55	expected	expected	ADJ
gujaf-163	66	56	1month	1month	NUM
gujaf-163	66	57	rate	rate	NOUN
gujaf-163	66	58	over	over	ADP
gujaf-163	66	59	23months	23months	NUM
gujaf-163	66	60	)	)	PUNCT
gujaf-163	66	61	----------------------------------------------------------------------------------------------(iv	----------------------------------------------------------------------------------------------(iv	PROPN
gujaf-163	66	62	)	)	PUNCT
gujaf-163	66	63	the	the	DET
gujaf-163	66	64	one	one	NUM
gujaf-163	66	65	-	-	PUNCT
gujaf-163	66	66	month	month	NOUN
gujaf-163	66	67	rate	rate	NOUN
gujaf-163	66	68	is	be	AUX
gujaf-163	66	69	related	relate	VERB
gujaf-163	66	70	to	to	ADP
gujaf-163	66	71	the	the	DET
gujaf-163	66	72	present	present	ADJ
gujaf-163	66	73	policy	policy	NOUN
gujaf-163	66	74	decision	decision	NOUN
gujaf-163	66	75	,	,	PUNCT
gujaf-163	66	76	while	while	SCONJ
gujaf-163	66	77	the	the	DET
gujaf-163	66	78	one	one	NUM
gujaf-163	66	79	-	-	PUNCT
gujaf-163	66	80	month	month	NOUN
gujaf-163	66	81	rates	rate	NOUN
gujaf-163	66	82	for	for	ADP
gujaf-163	66	83	the	the	DET
gujaf-163	66	84	next	next	ADJ
gujaf-163	66	85	5	5	NUM
gujaf-163	66	86	,	,	PUNCT
gujaf-163	66	87	11	11	NUM
gujaf-163	66	88	,	,	PUNCT
gujaf-163	66	89	and	and	CCONJ
gujaf-163	66	90	23	23	NUM
gujaf-163	66	91	months	month	NOUN
gujaf-163	66	92	are	be	AUX
gujaf-163	66	93	tied	tie	VERB
gujaf-163	66	94	to	to	ADP
gujaf-163	66	95	the	the	DET
gujaf-163	66	96	expected	expect	VERB
gujaf-163	66	97	decision	decision	NOUN
gujaf-163	66	98	in	in	ADP
gujaf-163	66	99	each	each	DET
gujaf-163	66	100	month	month	NOUN
gujaf-163	66	101	for	for	ADP
gujaf-163	66	102	the	the	DET
gujaf-163	66	103	rest	rest	NOUN
gujaf-163	66	104	of	of	ADP
gujaf-163	66	105	the	the	DET
gujaf-163	66	106	maturity	maturity	NOUN
gujaf-163	66	107	term	term	NOUN
gujaf-163	66	108	,	,	PUNCT
gujaf-163	66	109	according	accord	VERB
gujaf-163	66	110	to	to	ADP
gujaf-163	66	111	equations	equation	NOUN
gujaf-163	66	112	(	(	PUNCT
gujaf-163	66	113	2)-(4	2)-(4	NUM
gujaf-163	66	114	)	)	PUNCT
gujaf-163	66	115	.	.	PUNCT
gujaf-163	67	1	extending	extend	VERB
gujaf-163	67	2	this	this	DET
gujaf-163	67	3	logic	logic	NOUN
gujaf-163	67	4	,	,	PUNCT
gujaf-163	67	5	kozicki	kozicki	NOUN
gujaf-163	67	6	and	and	CCONJ
gujaf-163	67	7	sellon	sellon	NOUN
gujaf-163	67	8	(	(	PUNCT
gujaf-163	67	9	2005	2005	NUM
gujaf-163	67	10	)	)	PUNCT
gujaf-163	67	11	argue	argue	VERB
gujaf-163	67	12	that	that	SCONJ
gujaf-163	67	13	because	because	SCONJ
gujaf-163	67	14	the	the	DET
gujaf-163	67	15	term	term	NOUN
gujaf-163	67	16	premium	premium	NOUN
gujaf-163	67	17	can	can	AUX
gujaf-163	67	18	be	be	AUX
gujaf-163	67	19	further	far	ADV
gujaf-163	67	20	decomposed	decompose	VERB
gujaf-163	67	21	into	into	ADP
gujaf-163	67	22	inflation	inflation	NOUN
gujaf-163	67	23	risk	risk	NOUN
gujaf-163	67	24	expectation	expectation	NOUN
gujaf-163	67	25	premium	premium	NOUN
gujaf-163	67	26	and	and	CCONJ
gujaf-163	67	27	other	other	ADJ
gujaf-163	67	28	risk	risk	NOUN
gujaf-163	67	29	premium	premium	NOUN
gujaf-163	67	30	components	component	NOUN
gujaf-163	67	31	,	,	PUNCT
gujaf-163	67	32	a	a	DET
gujaf-163	67	33	portion	portion	NOUN
gujaf-163	67	34	of	of	ADP
gujaf-163	67	35	the	the	DET
gujaf-163	67	36	term	term	NOUN
gujaf-163	67	37	premium	premium	NOUN
gujaf-163	67	38	can	can	AUX
gujaf-163	67	39	also	also	ADV
gujaf-163	67	40	be	be	AUX
gujaf-163	67	41	connected	connect	VERB
gujaf-163	67	42	to	to	ADP
gujaf-163	67	43	the	the	DET
gujaf-163	67	44	expected	expect	VERB
gujaf-163	67	45	level	level	NOUN
gujaf-163	67	46	of	of	ADP
gujaf-163	67	47	decisions	decision	NOUN
gujaf-163	67	48	.	.	PUNCT
gujaf-163	68	1	this	this	PRON
gujaf-163	68	2	implies	imply	VERB
gujaf-163	68	3	that	that	SCONJ
gujaf-163	68	4	a	a	DET
gujaf-163	68	5	central	central	ADJ
gujaf-163	68	6	bank	bank	NOUN
gujaf-163	68	7	does	do	VERB
gujaf-163	68	8	an	an	DET
gujaf-163	68	9	effective	effective	ADJ
gujaf-163	68	10	and	and	CCONJ
gujaf-163	68	11	efficient	efficient	ADJ
gujaf-163	68	12	management	management	NOUN
gujaf-163	68	13	of	of	ADP
gujaf-163	68	14	interest	interest	NOUN
gujaf-163	68	15	rates	rate	NOUN
gujaf-163	68	16	when	when	SCONJ
gujaf-163	68	17	it	it	PRON
gujaf-163	68	18	communicates	communicate	VERB
gujaf-163	68	19	to	to	PART
gujaf-163	68	20	reveal	reveal	VERB
gujaf-163	68	21	its	its	PRON
gujaf-163	68	22	view	view	NOUN
gujaf-163	68	23	about	about	ADP
gujaf-163	68	24	the	the	DET
gujaf-163	68	25	economic	economic	ADJ
gujaf-163	68	26	outlook	outlook	NOUN
gujaf-163	68	27	and	and	CCONJ
gujaf-163	68	28	future	future	ADJ
gujaf-163	68	29	short	short	ADJ
gujaf-163	68	30	-	-	PUNCT
gujaf-163	68	31	term	term	NOUN
gujaf-163	68	32	rate	rate	NOUN
gujaf-163	68	33	(	(	PUNCT
gujaf-163	68	34	policy	policy	NOUN
gujaf-163	68	35	rate	rate	NOUN
gujaf-163	68	36	)	)	PUNCT
gujaf-163	68	37	.	.	PUNCT
gujaf-163	69	1	at	at	ADV
gujaf-163	69	2	least	least	ADV
gujaf-163	69	3	three	three	NUM
gujaf-163	69	4	conclusions	conclusion	NOUN
gujaf-163	69	5	can	can	AUX
gujaf-163	69	6	be	be	AUX
gujaf-163	69	7	taken	take	VERB
gujaf-163	69	8	from	from	ADP
gujaf-163	69	9	the	the	DET
gujaf-163	69	10	preceding	preceding	NOUN
gujaf-163	69	11	.	.	PUNCT
gujaf-163	70	1	first	first	ADV
gujaf-163	70	2	,	,	PUNCT
gujaf-163	70	3	markets	market	NOUN
gujaf-163	70	4	'	'	PART
gujaf-163	70	5	expectations	expectation	NOUN
gujaf-163	70	6	of	of	ADP
gujaf-163	70	7	a	a	DET
gujaf-163	70	8	future	future	ADJ
gujaf-163	70	9	hike	hike	NOUN
gujaf-163	70	10	in	in	ADP
gujaf-163	70	11	the	the	DET
gujaf-163	70	12	policy	policy	NOUN
gujaf-163	70	13	rate	rate	NOUN
gujaf-163	70	14	will	will	AUX
gujaf-163	70	15	cause	cause	VERB
gujaf-163	70	16	interest	interest	NOUN
gujaf-163	70	17	rates	rate	NOUN
gujaf-163	70	18	to	to	PART
gujaf-163	70	19	climb	climb	VERB
gujaf-163	70	20	across	across	ADP
gujaf-163	70	21	the	the	DET
gujaf-163	70	22	board	board	NOUN
gujaf-163	70	23	.	.	PUNCT
gujaf-163	71	1	as	as	ADP
gujaf-163	71	2	a	a	DET
gujaf-163	71	3	result	result	NOUN
gujaf-163	71	4	,	,	PUNCT
gujaf-163	71	5	interest	interest	NOUN
gujaf-163	71	6	rates	rate	NOUN
gujaf-163	71	7	of	of	ADP
gujaf-163	71	8	various	various	ADJ
gujaf-163	71	9	maturities	maturity	NOUN
gujaf-163	71	10	tend	tend	VERB
gujaf-163	71	11	to	to	PART
gujaf-163	71	12	move	move	VERB
gujaf-163	71	13	in	in	ADP
gujaf-163	71	14	lockstep	lockstep	NOUN
gujaf-163	71	15	.	.	PUNCT
gujaf-163	72	1	second	second	ADJ
gujaf-163	72	2	,	,	PUNCT
gujaf-163	72	3	while	while	SCONJ
gujaf-163	72	4	interest	interest	NOUN
gujaf-163	72	5	rates	rate	NOUN
gujaf-163	72	6	of	of	ADP
gujaf-163	72	7	various	various	ADJ
gujaf-163	72	8	maturities	maturity	NOUN
gujaf-163	72	9	move	move	VERB
gujaf-163	72	10	in	in	ADP
gujaf-163	72	11	anticipation	anticipation	NOUN
gujaf-163	72	12	of	of	ADP
gujaf-163	72	13	the	the	DET
gujaf-163	72	14	predicted	predict	VERB
gujaf-163	72	15	change	change	NOUN
gujaf-163	72	16	in	in	ADP
gujaf-163	72	17	the	the	DET
gujaf-163	72	18	policy	policy	NOUN
gujaf-163	72	19	rate	rate	NOUN
gujaf-163	72	20	,	,	PUNCT
gujaf-163	72	21	minor	minor	ADJ
gujaf-163	72	22	or	or	CCONJ
gujaf-163	72	23	no	no	PRON
gujaf-163	72	24	fluctuations	fluctuation	NOUN
gujaf-163	72	25	in	in	ADP
gujaf-163	72	26	these	these	DET
gujaf-163	72	27	rates	rate	NOUN
gujaf-163	72	28	on	on	ADP
gujaf-163	72	29	the	the	DET
gujaf-163	72	30	day	day	NOUN
gujaf-163	72	31	the	the	DET
gujaf-163	72	32	policy	policy	NOUN
gujaf-163	72	33	rate	rate	NOUN
gujaf-163	72	34	is	be	AUX
gujaf-163	72	35	adjusted	adjust	VERB
gujaf-163	72	36	indicates	indicate	VERB
gujaf-163	72	37	that	that	SCONJ
gujaf-163	72	38	the	the	DET
gujaf-163	72	39	market	market	NOUN
gujaf-163	72	40	anticipates	anticipate	VERB
gujaf-163	72	41	the	the	DET
gujaf-163	72	42	policy	policy	NOUN
gujaf-163	72	43	rate	rate	NOUN
gujaf-163	72	44	change	change	NOUN
gujaf-163	72	45	well	well	ADV
gujaf-163	72	46	.	.	PUNCT
gujaf-163	73	1	large	large	ADJ
gujaf-163	73	2	variances	variance	NOUN
gujaf-163	73	3	in	in	ADP
gujaf-163	73	4	market	market	NOUN
gujaf-163	73	5	rates	rate	NOUN
gujaf-163	73	6	on	on	ADP
gujaf-163	73	7	the	the	DET
gujaf-163	73	8	day	day	NOUN
gujaf-163	73	9	the	the	DET
gujaf-163	73	10	policy	policy	NOUN
gujaf-163	73	11	rate	rate	NOUN
gujaf-163	73	12	is	be	AUX
gujaf-163	73	13	changed	change	VERB
gujaf-163	73	14	will	will	AUX
gujaf-163	73	15	reflect	reflect	VERB
gujaf-163	73	16	the	the	DET
gujaf-163	73	17	market	market	NOUN
gujaf-163	73	18	's	's	PART
gujaf-163	73	19	inability	inability	NOUN
gujaf-163	73	20	to	to	PART
gujaf-163	73	21	foresee	foresee	VERB
gujaf-163	73	22	the	the	DET
gujaf-163	73	23	change	change	NOUN
gujaf-163	73	24	in	in	ADP
gujaf-163	73	25	policy	policy	NOUN
gujaf-163	73	26	rate	rate	NOUN
gujaf-163	73	27	,	,	PUNCT
gujaf-163	73	28	because	because	SCONJ
gujaf-163	73	29	the	the	DET
gujaf-163	73	30	market	market	NOUN
gujaf-163	73	31	will	will	AUX
gujaf-163	73	32	react	react	VERB
gujaf-163	73	33	considerably	considerably	ADV
gujaf-163	73	34	when	when	SCONJ
gujaf-163	73	35	the	the	DET
gujaf-163	73	36	change	change	NOUN
gujaf-163	73	37	in	in	ADP
gujaf-163	73	38	policy	policy	NOUN
gujaf-163	73	39	rate	rate	NOUN
gujaf-163	73	40	departs	depart	VERB
gujaf-163	73	41	from	from	ADP
gujaf-163	73	42	their	their	PRON
gujaf-163	73	43	expectations	expectation	NOUN
gujaf-163	73	44	.	.	PUNCT
gujaf-163	74	1	third	third	ADJ
gujaf-163	74	2	,	,	PUNCT
gujaf-163	74	3	because	because	SCONJ
gujaf-163	74	4	these	these	DET
gujaf-163	74	5	rates	rate	NOUN
gujaf-163	74	6	are	be	AUX
gujaf-163	74	7	averages	average	NOUN
gujaf-163	74	8	,	,	PUNCT
gujaf-163	74	9	the	the	DET
gujaf-163	74	10	short	short	ADJ
gujaf-163	74	11	term	term	NOUN
gujaf-163	74	12	rates	rate	NOUN
gujaf-163	74	13	reflect	reflect	VERB
gujaf-163	74	14	the	the	DET
gujaf-163	74	15	policy	policy	NOUN
gujaf-163	74	16	rate	rate	NOUN
gujaf-163	74	17	's	's	PART
gujaf-163	74	18	movement	movement	NOUN
gujaf-163	74	19	more	more	ADJ
gujaf-163	74	20	than	than	ADP
gujaf-163	74	21	the	the	DET
gujaf-163	74	22	longer	long	ADJ
gujaf-163	74	23	term	term	NOUN
gujaf-163	74	24	rates	rate	NOUN
gujaf-163	74	25	.	.	PUNCT
gujaf-163	75	1	for	for	ADP
gujaf-163	75	2	example	example	NOUN
gujaf-163	75	3	,	,	PUNCT
gujaf-163	75	4	a	a	DET
gujaf-163	75	5	50	50	NUM
gujaf-163	75	6	-	-	PUNCT
gujaf-163	75	7	basis	basis	NOUN
gujaf-163	75	8	-	-	PUNCT
gujaf-163	75	9	point	point	NOUN
gujaf-163	75	10	increase	increase	NOUN
gujaf-163	75	11	in	in	ADP
gujaf-163	75	12	the	the	DET
gujaf-163	75	13	policy	policy	NOUN
gujaf-163	75	14	rate	rate	NOUN
gujaf-163	75	15	has	have	VERB
gujaf-163	75	16	substantially	substantially	ADV
gujaf-163	75	17	higher	high	ADJ
gujaf-163	75	18	impacts	impact	NOUN
gujaf-163	75	19	on	on	ADP
gujaf-163	75	20	equation	equation	NOUN
gujaf-163	75	21	(	(	PUNCT
gujaf-163	75	22	2.2	2.2	NUM
gujaf-163	75	23	)	)	PUNCT
gujaf-163	75	24	than	than	ADP
gujaf-163	75	25	on	on	ADP
gujaf-163	75	26	equations	equation	NOUN
gujaf-163	75	27	(	(	PUNCT
gujaf-163	75	28	2.3	2.3	NUM
gujaf-163	75	29	)	)	PUNCT
gujaf-163	75	30	and	and	CCONJ
gujaf-163	75	31	(	(	PUNCT
gujaf-163	75	32	2.4	2.4	NUM
gujaf-163	75	33	)	)	PUNCT
gujaf-163	75	34	;	;	PUNCT
gujaf-163	75	35	and	and	CCONJ
gujaf-163	75	36	on	on	ADP
gujaf-163	75	37	equation	equation	NOUN
gujaf-163	75	38	(	(	PUNCT
gujaf-163	75	39	2.3	2.3	NUM
gujaf-163	75	40	)	)	PUNCT
gujaf-163	75	41	than	than	ADP
gujaf-163	75	42	on	on	ADP
gujaf-163	75	43	equation	equation	NOUN
gujaf-163	75	44	(	(	PUNCT
gujaf-163	75	45	2.4	2.4	NUM
gujaf-163	75	46	)	)	PUNCT
gujaf-163	75	47	.	.	PUNCT
gujaf-163	76	1	(	(	PUNCT
gujaf-163	76	2	2.4	2.4	NUM
gujaf-163	76	3	)	)	PUNCT
gujaf-163	76	4	.	.	PUNCT
gujaf-163	77	1	these	these	DET
gujaf-163	77	2	fundamental	fundamental	ADJ
gujaf-163	77	3	facts	fact	NOUN
gujaf-163	77	4	have	have	VERB
gujaf-163	77	5	monetary	monetary	ADJ
gujaf-163	77	6	policy	policy	NOUN
gujaf-163	77	7	implications	implication	NOUN
gujaf-163	77	8	.	.	PUNCT
gujaf-163	78	1	that	that	PRON
gujaf-163	78	2	is	is	ADV
gujaf-163	78	3	,	,	PUNCT
gujaf-163	78	4	the	the	PRON
gujaf-163	78	5	farther	far	ADV
gujaf-163	78	6	the	the	DET
gujaf-163	78	7	ability	ability	NOUN
gujaf-163	78	8	of	of	ADP
gujaf-163	78	9	a	a	DET
gujaf-163	78	10	central	central	ADJ
gujaf-163	78	11	bank	bank	NOUN
gujaf-163	78	12	to	to	PART
gujaf-163	78	13	communicate	communicate	VERB
gujaf-163	78	14	its	its	PRON
gujaf-163	78	15	view	view	NOUN
gujaf-163	78	16	about	about	ADP
gujaf-163	78	17	the	the	DET
gujaf-163	78	18	economic	economic	ADJ
gujaf-163	78	19	outlook	outlook	NOUN
gujaf-163	78	20	and	and	CCONJ
gujaf-163	78	21	the	the	DET
gujaf-163	78	22	stance	stance	NOUN
gujaf-163	78	23	of	of	ADP
gujaf-163	78	24	monetary	monetary	ADJ
gujaf-163	78	25	policy	policy	NOUN
gujaf-163	78	26	in	in	ADP
gujaf-163	78	27	the	the	DET
gujaf-163	78	28	future	future	NOUN
gujaf-163	78	29	to	to	ADP
gujaf-163	78	30	the	the	DET
gujaf-163	78	31	market	market	NOUN
gujaf-163	78	32	,	,	PUNCT
gujaf-163	78	33	the	the	PRON
gujaf-163	78	34	better	well	ADJ
gujaf-163	78	35	the	the	DET
gujaf-163	78	36	outcome	outcome	NOUN
gujaf-163	78	37	of	of	ADP
gujaf-163	78	38	monetary	monetary	ADJ
gujaf-163	78	39	policy	policy	NOUN
gujaf-163	78	40	.	.	PUNCT
gujaf-163	79	1	ever	ever	ADV
gujaf-163	79	2	since	since	SCONJ
gujaf-163	79	3	the	the	DET
gujaf-163	79	4	revolution	revolution	NOUN
gujaf-163	79	5	in	in	ADP
gujaf-163	79	6	the	the	DET
gujaf-163	79	7	new	new	ADJ
gujaf-163	79	8	thinking	thinking	NOUN
gujaf-163	79	9	about	about	ADP
gujaf-163	79	10	central	central	PROPN
gujaf-163	79	11	bank	bank	NOUN
gujaf-163	79	12	communications	communication	NOUN
gujaf-163	79	13	,	,	PUNCT
gujaf-163	79	14	empirical	empirical	ADJ
gujaf-163	79	15	evidences	evidence	NOUN
gujaf-163	79	16	have	have	AUX
gujaf-163	79	17	continued	continue	VERB
gujaf-163	79	18	to	to	PART
gujaf-163	79	19	gain	gain	VERB
gujaf-163	79	20	increasing	increase	VERB
gujaf-163	79	21	attention	attention	NOUN
gujaf-163	79	22	by	by	ADP
gujaf-163	79	23	researchers	researcher	NOUN
gujaf-163	79	24	on	on	ADP
gujaf-163	79	25	numerous	numerous	ADJ
gujaf-163	79	26	issues	issue	NOUN
gujaf-163	79	27	.	.	PUNCT
gujaf-163	80	1	smales	smale	NOUN
gujaf-163	80	2	(	(	PUNCT
gujaf-163	80	3	2017	2017	NUM
gujaf-163	80	4	)	)	PUNCT
gujaf-163	80	5	,	,	PUNCT
gujaf-163	80	6	went	go	VERB
gujaf-163	80	7	a	a	DET
gujaf-163	80	8	step	step	NOUN
gujaf-163	80	9	farther	far	ADV
gujaf-163	80	10	in	in	ADP
gujaf-163	80	11	determining	determine	VERB
gujaf-163	80	12	the	the	DET
gujaf-163	80	13	direction	direction	NOUN
gujaf-163	80	14	of	of	ADP
gujaf-163	80	15	the	the	DET
gujaf-163	80	16	effect	effect	NOUN
gujaf-163	80	17	of	of	ADP
gujaf-163	80	18	central	central	ADJ
gujaf-163	80	19	bank	bank	NOUN
gujaf-163	80	20	communication	communication	NOUN
gujaf-163	80	21	.	.	PUNCT
gujaf-163	81	1	according	accord	VERB
gujaf-163	81	2	to	to	ADP
gujaf-163	81	3	a	a	DET
gujaf-163	81	4	study	study	NOUN
gujaf-163	81	5	conducted	conduct	VERB
gujaf-163	81	6	in	in	ADP
gujaf-163	81	7	australia	australia	PROPN
gujaf-163	81	8	by	by	ADP
gujaf-163	81	9	srnales	srnale	NOUN
gujaf-163	81	10	(	(	PUNCT
gujaf-163	81	11	2011	2011	NUM
gujaf-163	81	12	)	)	PUNCT
gujaf-163	81	13	,	,	PUNCT
gujaf-163	81	14	the	the	DET
gujaf-163	81	15	rba	rba	NOUN
gujaf-163	81	16	's	's	PART
gujaf-163	81	17	signals	signal	NOUN
gujaf-163	81	18	not	not	PART
gujaf-163	81	19	only	only	ADV
gujaf-163	81	20	have	have	VERB
gujaf-163	81	21	a	a	DET
gujaf-163	81	22	considerable	considerable	ADJ
gujaf-163	81	23	impact	impact	NOUN
gujaf-163	81	24	on	on	ADP
gujaf-163	81	25	interest	interest	NOUN
gujaf-163	81	26	rate	rate	NOUN
gujaf-163	81	27	futures	future	NOUN
gujaf-163	81	28	,	,	PUNCT
gujaf-163	81	29	but	but	CCONJ
gujaf-163	81	30	also	also	ADV
gujaf-163	81	31	drive	drive	VERB
gujaf-163	81	32	them	they	PRON
gujaf-163	81	33	in	in	ADP
gujaf-163	81	34	the	the	DET
gujaf-163	81	35	desired	desire	VERB
gujaf-163	81	36	direction	direction	NOUN
gujaf-163	81	37	.	.	PUNCT
gujaf-163	82	1	in	in	ADP
gujaf-163	82	2	other	other	ADJ
gujaf-163	82	3	words	word	NOUN
gujaf-163	82	4	,	,	PUNCT
gujaf-163	82	5	the	the	DET
gujaf-163	82	6	rba	rba	NOUN
gujaf-163	82	7	's	's	PART
gujaf-163	82	8	signals	signal	NOUN
gujaf-163	82	9	improve	improve	VERB
gujaf-163	82	10	interest	interest	NOUN
gujaf-163	82	11	rate	rate	NOUN
gujaf-163	82	12	futures	future	NOUN
gujaf-163	82	13	market	market	NOUN
gujaf-163	82	14	predictability	predictability	NOUN
gujaf-163	82	15	,	,	PUNCT
gujaf-163	82	16	coordinate	coordinate	NOUN
gujaf-163	82	17	expectations	expectation	NOUN
gujaf-163	82	18	,	,	PUNCT
gujaf-163	82	19	and	and	CCONJ
gujaf-163	82	20	therefore	therefore	ADV
gujaf-163	82	21	minimize	minimize	VERB
gujaf-163	82	22	uncertainty	uncertainty	NOUN
gujaf-163	82	23	and	and	CCONJ
gujaf-163	82	24	volatility	volatility	NOUN
gujaf-163	82	25	.	.	PUNCT
gujaf-163	83	1	this	this	PRON
gujaf-163	83	2	is	be	AUX
gujaf-163	83	3	in	in	ADP
gujaf-163	83	4	line	line	NOUN
gujaf-163	83	5	with	with	ADP
gujaf-163	83	6	the	the	DET
gujaf-163	83	7	findings	finding	NOUN
gujaf-163	83	8	of	of	ADP
gujaf-163	83	9	jan	jan	PROPN
gujaf-163	83	10	-	-	PUNCT
gujaf-163	83	11	egbert	egbert	PROPN
gujaf-163	83	12	sturm	sturm	PROPN
gujaf-163	83	13	and	and	CCONJ
gujaf-163	83	14	jakob	jakob	PROPN
gujaf-163	83	15	de	de	PROPN
gujaf-163	83	16	haan	haan	PROPN
gujaf-163	83	17	(	(	PUNCT
gujaf-163	83	18	2011	2011	NUM
gujaf-163	83	19	)	)	PUNCT
gujaf-163	83	20	,	,	PUNCT
gujaf-163	83	21	who	who	PRON
gujaf-163	83	22	found	find	VERB
gujaf-163	83	23	that	that	SCONJ
gujaf-163	83	24	the	the	DET
gujaf-163	83	25	ecb	ecb	NOUN
gujaf-163	83	26	's	's	PART
gujaf-163	83	27	communication	communication	NOUN
gujaf-163	83	28	drives	drive	VERB
gujaf-163	83	29	interest	interest	NOUN
gujaf-163	83	30	rates	rate	NOUN
gujaf-163	83	31	in	in	ADP
gujaf-163	83	32	the	the	DET
gujaf-163	83	33	desired	desire	VERB
gujaf-163	83	34	direction	direction	NOUN
gujaf-163	83	35	.	.	PUNCT
gujaf-163	84	1	their	their	PRON
gujaf-163	84	2	findings	finding	NOUN
gujaf-163	84	3	show	show	VERB
gujaf-163	84	4	that	that	SCONJ
gujaf-163	84	5	statements	statement	NOUN
gujaf-163	84	6	from	from	ADP
gujaf-163	84	7	the	the	DET
gujaf-163	84	8	bank	bank	NOUN
gujaf-163	84	9	implying	implying	ADJ
gujaf-163	84	10	tightening	tightening	NOUN
gujaf-163	84	11	,	,	PUNCT
gujaf-163	84	12	easing	easing	NOUN
gujaf-163	84	13	,	,	PUNCT
gujaf-163	84	14	or	or	CCONJ
gujaf-163	84	15	neutral	neutral	ADJ
gujaf-163	84	16	result	result	NOUN
gujaf-163	84	17	in	in	ADP
gujaf-163	84	18	higher	high	ADJ
gujaf-163	84	19	,	,	PUNCT
gujaf-163	84	20	lower	low	ADJ
gujaf-163	84	21	,	,	PUNCT
gujaf-163	84	22	or	or	CCONJ
gujaf-163	84	23	no	no	DET
gujaf-163	84	24	change	change	NOUN
gujaf-163	84	25	in	in	ADP
gujaf-163	84	26	rates	rate	NOUN
gujaf-163	84	27	,	,	PUNCT
gujaf-163	84	28	accordingly	accordingly	ADV
gujaf-163	84	29	.	.	PUNCT
gujaf-163	85	1	gusau	gusau	PROPN
gujaf-163	85	2	journal	journal	PROPN
gujaf-163	85	3	of	of	ADP
gujaf-163	85	4	accounting	accounting	NOUN
gujaf-163	85	5	and	and	CCONJ
gujaf-163	85	6	finance	finance	NOUN
gujaf-163	85	7	,	,	PUNCT
gujaf-163	85	8	vol	vol	NOUN
gujaf-163	85	9	.	.	PUNCT
gujaf-163	85	10	2(3	2(3	NUM
gujaf-163	85	11	)	)	PUNCT
gujaf-163	85	12	,	,	PUNCT
gujaf-163	85	13	april	april	PROPN
gujaf-163	85	14	,	,	PUNCT
gujaf-163	85	15	2021	2021	NUM
gujaf-163	85	16	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	85	17	6	6	NUM
gujaf-163	85	18	giorgio	giorgio	PROPN
gujaf-163	85	19	et	et	PROPN
gujaf-163	85	20	al	al	PROPN
gujaf-163	85	21	(	(	PUNCT
gujaf-163	85	22	20i0	20i0	NUM
gujaf-163	85	23	)	)	PUNCT
gujaf-163	85	24	found	find	VERB
gujaf-163	85	25	that	that	SCONJ
gujaf-163	85	26	confusing	confuse	VERB
gujaf-163	85	27	ecb	ecb	NOUN
gujaf-163	85	28	messages	message	NOUN
gujaf-163	85	29	effect	effect	VERB
gujaf-163	85	30	volatility	volatility	NOUN
gujaf-163	85	31	and	and	CCONJ
gujaf-163	85	32	shift	shift	VERB
gujaf-163	85	33	money	money	NOUN
gujaf-163	85	34	market	market	NOUN
gujaf-163	85	35	rates	rate	NOUN
gujaf-163	85	36	away	away	ADV
gujaf-163	85	37	from	from	ADP
gujaf-163	85	38	the	the	DET
gujaf-163	85	39	policy	policy	NOUN
gujaf-163	85	40	rate	rate	NOUN
gujaf-163	85	41	,	,	PUNCT
gujaf-163	85	42	which	which	PRON
gujaf-163	85	43	runs	run	VERB
gujaf-163	85	44	counter	counter	ADV
gujaf-163	85	45	to	to	ADP
gujaf-163	85	46	these	these	DET
gujaf-163	85	47	findings	finding	NOUN
gujaf-163	85	48	.	.	PUNCT
gujaf-163	86	1	middeldorp	middeldorp	NOUN
gujaf-163	86	2	and	and	CCONJ
gujaf-163	86	3	rosenkranz	rosenkranz	NOUN
gujaf-163	86	4	(	(	PUNCT
gujaf-163	86	5	2011	2011	NUM
gujaf-163	86	6	)	)	PUNCT
gujaf-163	86	7	,	,	PUNCT
gujaf-163	86	8	mariscal	mariscal	PROPN
gujaf-163	86	9	and	and	CCONJ
gujaf-163	86	10	howells	howells	PROPN
gujaf-163	86	11	(	(	PUNCT
gujaf-163	86	12	2013	2013	NUM
gujaf-163	86	13	)	)	PUNCT
gujaf-163	86	14	,	,	PUNCT
gujaf-163	86	15	and	and	CCONJ
gujaf-163	86	16	middeldorp	middeldorp	PROPN
gujaf-163	86	17	(	(	PUNCT
gujaf-163	86	18	2016	2016	NUM
gujaf-163	86	19	)	)	PUNCT
gujaf-163	86	20	discovered	discover	VERB
gujaf-163	86	21	that	that	SCONJ
gujaf-163	86	22	federal	federal	PROPN
gujaf-163	86	23	reserve	reserve	PROPN
gujaf-163	86	24	bank	bank	PROPN
gujaf-163	86	25	communications	communication	NOUN
gujaf-163	86	26	have	have	VERB
gujaf-163	86	27	a	a	DET
gujaf-163	86	28	considerable	considerable	ADJ
gujaf-163	86	29	impact	impact	NOUN
gujaf-163	86	30	on	on	ADP
gujaf-163	86	31	interest	interest	NOUN
gujaf-163	86	32	rates	rate	NOUN
gujaf-163	86	33	of	of	ADP
gujaf-163	86	34	various	various	ADJ
gujaf-163	86	35	maturities	maturity	NOUN
gujaf-163	86	36	.	.	PUNCT
gujaf-163	87	1	anderson	anderson	PROPN
gujaf-163	87	2	,	,	PUNCT
gujaf-163	87	3	dillen	dillen	VERB
gujaf-163	87	4	,	,	PUNCT
gujaf-163	87	5	and	and	CCONJ
gujaf-163	87	6	sellin	sellin	NOUN
gujaf-163	87	7	(	(	PUNCT
gujaf-163	87	8	2012	2012	NUM
gujaf-163	87	9	)	)	PUNCT
gujaf-163	87	10	;	;	PUNCT
gujaf-163	87	11	and	and	CCONJ
gujaf-163	87	12	sanusi	sanusi	NOUN
gujaf-163	87	13	(	(	PUNCT
gujaf-163	87	14	2011a	2011a	NUM
gujaf-163	87	15	and	and	CCONJ
gujaf-163	87	16	2011b	2011b	NOUN
gujaf-163	87	17	)	)	PUNCT
gujaf-163	87	18	revealed	reveal	VERB
gujaf-163	87	19	similar	similar	ADJ
gujaf-163	87	20	effects	effect	NOUN
gujaf-163	87	21	for	for	ADP
gujaf-163	87	22	swedish	swedish	ADJ
gujaf-163	87	23	risk	risk	NOUN
gujaf-163	87	24	bank	bank	NOUN
gujaf-163	87	25	,	,	PUNCT
gujaf-163	87	26	bank	bank	PROPN
gujaf-163	87	27	of	of	ADP
gujaf-163	87	28	england	england	PROPN
gujaf-163	87	29	,	,	PUNCT
gujaf-163	87	30	and	and	CCONJ
gujaf-163	87	31	cbn	cbn	PROPN
gujaf-163	87	32	,	,	PUNCT
gujaf-163	87	33	respectively	respectively	ADV
gujaf-163	87	34	,	,	PUNCT
gujaf-163	87	35	in	in	ADP
gujaf-163	87	36	line	line	NOUN
gujaf-163	87	37	with	with	ADP
gujaf-163	87	38	earlier	early	ADJ
gujaf-163	87	39	research	research	NOUN
gujaf-163	87	40	.	.	PUNCT
gujaf-163	88	1	jansen	jansen	PROPN
gujaf-163	88	2	and	and	CCONJ
gujaf-163	88	3	haan	haan	PROPN
gujaf-163	88	4	(	(	PUNCT
gujaf-163	88	5	2012	2012	NUM
gujaf-163	88	6	)	)	PUNCT
gujaf-163	88	7	,	,	PUNCT
gujaf-163	88	8	on	on	ADP
gujaf-163	88	9	the	the	DET
gujaf-163	88	10	other	other	ADJ
gujaf-163	88	11	hand	hand	NOUN
gujaf-163	88	12	,	,	PUNCT
gujaf-163	88	13	give	give	VERB
gujaf-163	88	14	a	a	DET
gujaf-163	88	15	result	result	NOUN
gujaf-163	88	16	for	for	ADP
gujaf-163	88	17	european	european	ADJ
gujaf-163	88	18	central	central	ADJ
gujaf-163	88	19	banks	bank	NOUN
gujaf-163	88	20	that	that	PRON
gujaf-163	88	21	differs	differ	VERB
gujaf-163	88	22	from	from	ADP
gujaf-163	88	23	the	the	DET
gujaf-163	88	24	prior	prior	ADJ
gujaf-163	88	25	findings	finding	NOUN
gujaf-163	88	26	.	.	PUNCT
gujaf-163	89	1	in	in	ADP
gujaf-163	89	2	comparison	comparison	NOUN
gujaf-163	89	3	to	to	ADP
gujaf-163	89	4	inaction	inaction	NOUN
gujaf-163	89	5	and	and	CCONJ
gujaf-163	89	6	economic	economic	ADJ
gujaf-163	89	7	sentiment	sentiment	NOUN
gujaf-163	89	8	,	,	PUNCT
gujaf-163	89	9	they	they	PRON
gujaf-163	89	10	discovered	discover	VERB
gujaf-163	89	11	that	that	SCONJ
gujaf-163	89	12	the	the	DET
gujaf-163	89	13	ecb	ecb	NOUN
gujaf-163	89	14	's	's	PART
gujaf-163	89	15	only	only	ADV
gujaf-163	89	16	forecast	forecast	VERB
gujaf-163	89	17	its	its	PRON
gujaf-163	89	18	interest	interest	NOUN
gujaf-163	89	19	rate	rate	NOUN
gujaf-163	89	20	decision	decision	NOUN
gujaf-163	89	21	to	to	ADP
gujaf-163	89	22	a	a	DET
gujaf-163	89	23	smaller	small	ADJ
gujaf-163	89	24	extent	extent	NOUN
gujaf-163	89	25	.	.	PUNCT
gujaf-163	90	1	in	in	ADP
gujaf-163	90	2	a	a	DET
gujaf-163	90	3	study	study	NOUN
gujaf-163	90	4	of	of	ADP
gujaf-163	90	5	six	six	NUM
gujaf-163	90	6	central	central	ADJ
gujaf-163	90	7	banks	bank	NOUN
gujaf-163	90	8	for	for	ADP
gujaf-163	90	9	australia	australia	PROPN
gujaf-163	90	10	,	,	PUNCT
gujaf-163	90	11	canada	canada	PROPN
gujaf-163	90	12	,	,	PUNCT
gujaf-163	90	13	the	the	DET
gujaf-163	90	14	eurozone	eurozone	NOUN
gujaf-163	90	15	,	,	PUNCT
gujaf-163	90	16	new	new	PROPN
gujaf-163	90	17	zealand	zealand	PROPN
gujaf-163	90	18	,	,	PUNCT
gujaf-163	90	19	the	the	DET
gujaf-163	90	20	united	united	ADJ
gujaf-163	90	21	kingdom	kingdom	PROPN
gujaf-163	90	22	,	,	PUNCT
gujaf-163	90	23	and	and	CCONJ
gujaf-163	90	24	the	the	DET
gujaf-163	90	25	united	united	PROPN
gujaf-163	90	26	states	states	PROPN
gujaf-163	90	27	,	,	PUNCT
gujaf-163	90	28	berger	berger	PROPN
gujaf-163	90	29	,	,	PUNCT
gujaf-163	90	30	de	de	X
gujaf-163	90	31	haan	haan	PROPN
gujaf-163	90	32	,	,	PUNCT
gujaf-163	90	33	and	and	CCONJ
gujaf-163	90	34	sturm	sturm	PROPN
gujaf-163	90	35	(	(	PUNCT
gujaf-163	90	36	2010	2010	NUM
gujaf-163	90	37	)	)	PUNCT
gujaf-163	90	38	and	and	CCONJ
gujaf-163	90	39	sturm	sturm	PROPN
gujaf-163	90	40	,	,	PUNCT
gujaf-163	90	41	de	de	PROPN
gujaf-163	90	42	haan	haan	PROPN
gujaf-163	90	43	,	,	PUNCT
gujaf-163	90	44	&	&	CCONJ
gujaf-163	90	45	sturm	sturm	PROPN
gujaf-163	90	46	(	(	PUNCT
gujaf-163	90	47	2018	2018	NUM
gujaf-163	90	48	)	)	PUNCT
gujaf-163	90	49	validated	validate	VERB
gujaf-163	90	50	jansen	jansen	PROPN
gujaf-163	90	51	and	and	CCONJ
gujaf-163	90	52	haans	haans	PROPN
gujaf-163	90	53	(	(	PUNCT
gujaf-163	90	54	2012	2012	NUM
gujaf-163	90	55	)	)	PUNCT
gujaf-163	90	56	findings	finding	NOUN
gujaf-163	90	57	.	.	PUNCT
gujaf-163	91	1	furthermore	furthermore	ADV
gujaf-163	91	2	,	,	PUNCT
gujaf-163	91	3	empirical	empirical	ADJ
gujaf-163	91	4	studies	study	NOUN
gujaf-163	91	5	reveal	reveal	VERB
gujaf-163	91	6	that	that	SCONJ
gujaf-163	91	7	the	the	DET
gujaf-163	91	8	impacts	impact	NOUN
gujaf-163	91	9	of	of	ADP
gujaf-163	91	10	communication	communication	NOUN
gujaf-163	91	11	on	on	ADP
gujaf-163	91	12	interest	interest	NOUN
gujaf-163	91	13	rates	rate	NOUN
gujaf-163	91	14	might	might	AUX
gujaf-163	91	15	vary	vary	VERB
gujaf-163	91	16	depending	depend	VERB
gujaf-163	91	17	on	on	ADP
gujaf-163	91	18	the	the	DET
gujaf-163	91	19	communication	communication	NOUN
gujaf-163	91	20	channel	channel	NOUN
gujaf-163	91	21	as	as	ADV
gujaf-163	91	22	well	well	ADV
gujaf-163	91	23	as	as	ADP
gujaf-163	91	24	the	the	DET
gujaf-163	91	25	maturity	maturity	NOUN
gujaf-163	91	26	of	of	ADP
gujaf-163	91	27	the	the	DET
gujaf-163	91	28	communication	communication	NOUN
gujaf-163	91	29	.	.	PUNCT
gujaf-163	92	1	for	for	ADP
gujaf-163	92	2	instance	instance	NOUN
gujaf-163	92	3	,	,	PUNCT
gujaf-163	92	4	a	a	DET
gujaf-163	92	5	study	study	NOUN
gujaf-163	92	6	by	by	ADP
gujaf-163	92	7	middeldorp	middeldorp	PROPN
gujaf-163	92	8	,	,	PUNCT
gujaf-163	92	9	(	(	PUNCT
gujaf-163	92	10	2016	2016	NUM
gujaf-163	92	11	)	)	PUNCT
gujaf-163	92	12	suggests	suggest	VERB
gujaf-163	92	13	that	that	SCONJ
gujaf-163	92	14	fomc	fomc	NOUN
gujaf-163	92	15	statement	statement	NOUN
gujaf-163	92	16	moves	move	VERB
gujaf-163	92	17	interest	interest	NOUN
gujaf-163	92	18	rates	rate	NOUN
gujaf-163	92	19	of	of	ADP
gujaf-163	92	20	short	short	ADJ
gujaf-163	92	21	span	span	NOUN
gujaf-163	92	22	horizon	horizon	NOUN
gujaf-163	92	23	,	,	PUNCT
gujaf-163	92	24	while	while	SCONJ
gujaf-163	92	25	congregational	congregational	ADJ
gujaf-163	92	26	testimony	testimony	NOUN
gujaf-163	92	27	moves	move	VERB
gujaf-163	92	28	interest	interest	NOUN
gujaf-163	92	29	rate	rate	NOUN
gujaf-163	92	30	of	of	ADP
gujaf-163	92	31	longer	long	ADJ
gujaf-163	92	32	term	term	NOUN
gujaf-163	92	33	maturity	maturity	NOUN
gujaf-163	92	34	.	.	PUNCT
gujaf-163	93	1	trebbi	trebbi	NOUN
gujaf-163	93	2	(	(	PUNCT
gujaf-163	93	3	2013	2013	NUM
gujaf-163	93	4	)	)	PUNCT
gujaf-163	93	5	findings	finding	NOUN
gujaf-163	93	6	disagree	disagree	VERB
gujaf-163	93	7	with	with	ADP
gujaf-163	93	8	middeldorp	middeldorp	NOUN
gujaf-163	93	9	,	,	PUNCT
gujaf-163	93	10	(	(	PUNCT
gujaf-163	93	11	2016	2016	NUM
gujaf-163	93	12	)	)	PUNCT
gujaf-163	93	13	findings	finding	NOUN
gujaf-163	93	14	.	.	PUNCT
gujaf-163	94	1	according	accord	VERB
gujaf-163	94	2	to	to	ADP
gujaf-163	94	3	them	they	PRON
gujaf-163	94	4	,	,	PUNCT
gujaf-163	94	5	fomc	fomc	NOUN
gujaf-163	94	6	statement	statement	NOUN
gujaf-163	94	7	has	have	VERB
gujaf-163	94	8	the	the	DET
gujaf-163	94	9	dominant	dominant	ADJ
gujaf-163	94	10	effect	effect	NOUN
gujaf-163	94	11	on	on	ADP
gujaf-163	94	12	long	long	ADJ
gujaf-163	94	13	-	-	PUNCT
gujaf-163	94	14	term	term	NOUN
gujaf-163	94	15	rates	rate	NOUN
gujaf-163	94	16	.	.	PUNCT
gujaf-163	95	1	and	and	CCONJ
gujaf-163	95	2	that	that	DET
gujaf-163	95	3	policy	policy	NOUN
gujaf-163	95	4	rate	rate	NOUN
gujaf-163	95	5	largely	largely	ADV
gujaf-163	95	6	influences	influence	VERB
gujaf-163	95	7	the	the	DET
gujaf-163	95	8	short	short	ADJ
gujaf-163	95	9	term	term	NOUN
gujaf-163	95	10	nominal	nominal	ADJ
gujaf-163	95	11	treasury	treasury	NOUN
gujaf-163	95	12	yield	yield	NOUN
gujaf-163	95	13	.	.	PUNCT
gujaf-163	96	1	anderson	anderson	PROPN
gujaf-163	96	2	et	et	PROPN
gujaf-163	96	3	al	al	PROPN
gujaf-163	96	4	(	(	PUNCT
gujaf-163	96	5	2012	2012	NUM
gujaf-163	96	6	)	)	PUNCT
gujaf-163	96	7	found	find	VERB
gujaf-163	96	8	a	a	DET
gujaf-163	96	9	significant	significant	ADJ
gujaf-163	96	10	effect	effect	NOUN
gujaf-163	96	11	of	of	ADP
gujaf-163	96	12	swedish	swedish	ADJ
gujaf-163	96	13	central	central	PROPN
gujaf-163	96	14	bank	bank	NOUN
gujaf-163	96	15	speeches	speech	NOUN
gujaf-163	96	16	on	on	ADP
gujaf-163	96	17	longer	long	ADJ
gujaf-163	96	18	interest	interest	NOUN
gujaf-163	96	19	rates	rate	NOUN
gujaf-163	96	20	than	than	ADP
gujaf-163	96	21	repo	repo	ADP
gujaf-163	96	22	rate	rate	NOUN
gujaf-163	96	23	which	which	PRON
gujaf-163	96	24	is	be	AUX
gujaf-163	96	25	a	a	DET
gujaf-163	96	26	short	short	ADJ
gujaf-163	96	27	term	term	NOUN
gujaf-163	96	28	rate	rate	NOUN
gujaf-163	96	29	.	.	PUNCT
gujaf-163	97	1	however	however	ADV
gujaf-163	97	2	,	,	PUNCT
gujaf-163	97	3	fay	fay	PROPN
gujaf-163	97	4	and	and	CCONJ
gujaf-163	97	5	grevelle	grevelle	NOUN
gujaf-163	97	6	(	(	PUNCT
gujaf-163	97	7	2010	2010	NUM
gujaf-163	97	8	)	)	PUNCT
gujaf-163	97	9	found	find	VERB
gujaf-163	97	10	out	out	ADP
gujaf-163	97	11	that	that	SCONJ
gujaf-163	97	12	canada	canada	PROPN
gujaf-163	97	13	's	's	PART
gujaf-163	97	14	central	central	ADJ
gujaf-163	97	15	banks	bank	NOUN
gujaf-163	97	16	move	move	VERB
gujaf-163	97	17	interest	interest	NOUN
gujaf-163	97	18	of	of	ADP
gujaf-163	97	19	shortterm	shortterm	PROPN
gujaf-163	97	20	.	.	PUNCT
gujaf-163	98	1	while	while	SCONJ
gujaf-163	98	2	central	central	ADJ
gujaf-163	98	3	bank	bank	NOUN
gujaf-163	98	4	communication	communication	NOUN
gujaf-163	98	5	matters	matter	NOUN
gujaf-163	98	6	,	,	PUNCT
gujaf-163	98	7	the	the	DET
gujaf-163	98	8	forms	form	NOUN
gujaf-163	98	9	which	which	PRON
gujaf-163	98	10	central	central	ADJ
gujaf-163	98	11	banks	bank	NOUN
gujaf-163	98	12	communicate	communicate	VERB
gujaf-163	98	13	have	have	VERB
gujaf-163	98	14	different	different	ADJ
gujaf-163	98	15	effects	effect	NOUN
gujaf-163	98	16	as	as	SCONJ
gujaf-163	98	17	provided	provide	VERB
gujaf-163	98	18	by	by	ADP
gujaf-163	98	19	the	the	DET
gujaf-163	98	20	empirical	empirical	ADJ
gujaf-163	98	21	evidences	evidence	NOUN
gujaf-163	98	22	.	.	PUNCT
gujaf-163	99	1	that	that	PRON
gujaf-163	99	2	is	is	ADV
gujaf-163	99	3	,	,	PUNCT
gujaf-163	99	4	the	the	DET
gujaf-163	99	5	empirical	empirical	ADJ
gujaf-163	99	6	evidences	evidence	NOUN
gujaf-163	99	7	on	on	ADP
gujaf-163	99	8	this	this	DET
gujaf-163	99	9	issue	issue	NOUN
gujaf-163	99	10	are	be	AUX
gujaf-163	99	11	rather	rather	ADV
gujaf-163	99	12	inconclusive	inconclusive	ADJ
gujaf-163	99	13	across	across	ADP
gujaf-163	99	14	countries	country	NOUN
gujaf-163	99	15	.	.	PUNCT
gujaf-163	100	1	anderson	anderson	PROPN
gujaf-163	100	2	et	et	PROPN
gujaf-163	100	3	al	al	PROPN
gujaf-163	100	4	(	(	PUNCT
gujaf-163	100	5	2012	2012	NUM
gujaf-163	100	6	)	)	PUNCT
gujaf-163	100	7	makram	makram	PROPN
gujaf-163	100	8	el	el	PROPN
gujaf-163	100	9	-	-	PUNCT
gujaf-163	100	10	shagi	shagi	PROPN
gujaf-163	100	11	and	and	CCONJ
gujaf-163	100	12	alexander	alexander	PROPN
gujaf-163	100	13	jung	jung	PROPN
gujaf-163	100	14	(	(	PUNCT
gujaf-163	100	15	2015	2015	NUM
gujaf-163	100	16	)	)	PUNCT
gujaf-163	100	17	,	,	PUNCT
gujaf-163	100	18	found	find	VERB
gujaf-163	100	19	speeches	speech	NOUN
gujaf-163	100	20	of	of	ADP
gujaf-163	100	21	sweden	sweden	PROPN
gujaf-163	100	22	central	central	PROPN
gujaf-163	100	23	bank	bank	PROPN
gujaf-163	100	24	to	to	PART
gujaf-163	100	25	have	have	VERB
gujaf-163	100	26	the	the	DET
gujaf-163	100	27	highest	high	ADJ
gujaf-163	100	28	effect	effect	NOUN
gujaf-163	100	29	in	in	ADP
gujaf-163	100	30	the	the	DET
gujaf-163	100	31	vector	vector	NOUN
gujaf-163	100	32	of	of	ADP
gujaf-163	100	33	communication	communication	NOUN
gujaf-163	100	34	channels	channel	NOUN
gujaf-163	100	35	.	.	PUNCT
gujaf-163	101	1	but	but	CCONJ
gujaf-163	101	2	inflation	inflation	NOUN
gujaf-163	101	3	reports	report	NOUN
gujaf-163	101	4	and	and	CCONJ
gujaf-163	101	5	minutes	minute	NOUN
gujaf-163	101	6	of	of	ADP
gujaf-163	101	7	the	the	DET
gujaf-163	101	8	mpc	mpc	NOUN
gujaf-163	101	9	meetings	meeting	NOUN
gujaf-163	101	10	appear	appear	VERB
gujaf-163	101	11	to	to	PART
gujaf-163	101	12	have	have	VERB
gujaf-163	101	13	less	less	ADJ
gujaf-163	101	14	effect	effect	NOUN
gujaf-163	101	15	on	on	ADP
gujaf-163	101	16	the	the	DET
gujaf-163	101	17	swedish	swedish	ADJ
gujaf-163	101	18	term	term	NOUN
gujaf-163	101	19	structure	structure	NOUN
gujaf-163	101	20	of	of	ADP
gujaf-163	101	21	interest	interest	NOUN
gujaf-163	101	22	rates	rate	NOUN
gujaf-163	101	23	.	.	PUNCT
gujaf-163	102	1	in	in	ADP
gujaf-163	102	2	a	a	DET
gujaf-163	102	3	similar	similar	ADJ
gujaf-163	102	4	vein	vein	NOUN
gujaf-163	102	5	,	,	PUNCT
gujaf-163	102	6	fay	fay	NOUN
gujaf-163	102	7	and	and	CCONJ
gujaf-163	102	8	gravelle	gravelle	NOUN
gujaf-163	102	9	(	(	PUNCT
gujaf-163	102	10	2010	2010	NUM
gujaf-163	102	11	)	)	PUNCT
gujaf-163	102	12	showed	show	VERB
gujaf-163	102	13	that	that	SCONJ
gujaf-163	102	14	speeches	speech	NOUN
gujaf-163	102	15	of	of	ADP
gujaf-163	102	16	central	central	ADJ
gujaf-163	102	17	bank	bank	NOUN
gujaf-163	102	18	are	be	AUX
gujaf-163	102	19	significant	significant	ADJ
gujaf-163	102	20	in	in	ADP
gujaf-163	102	21	influencing	influence	VERB
gujaf-163	102	22	interest	interest	NOUN
gujaf-163	102	23	rate	rate	NOUN
gujaf-163	102	24	.	.	PUNCT
gujaf-163	103	1	for	for	ADP
gujaf-163	103	2	federal	federal	PROPN
gujaf-163	103	3	reserve	reserve	PROPN
gujaf-163	103	4	board	board	PROPN
gujaf-163	103	5	,	,	PUNCT
gujaf-163	103	6	kohn	kohn	PROPN
gujaf-163	103	7	and	and	CCONJ
gujaf-163	103	8	sack	sack	VERB
gujaf-163	103	9	(	(	PUNCT
gujaf-163	103	10	2013	2013	NUM
gujaf-163	103	11	)	)	PUNCT
gujaf-163	103	12	found	find	VERB
gujaf-163	103	13	significant	significant	ADJ
gujaf-163	103	14	effects	effect	NOUN
gujaf-163	103	15	of	of	ADP
gujaf-163	103	16	federal	federal	ADJ
gujaf-163	103	17	open	open	ADJ
gujaf-163	103	18	market	market	NOUN
gujaf-163	103	19	committee	committee	NOUN
gujaf-163	103	20	statements	statement	NOUN
gujaf-163	103	21	and	and	CCONJ
gujaf-163	103	22	congregational	congregational	ADJ
gujaf-163	103	23	testimony	testimony	NOUN
gujaf-163	103	24	of	of	ADP
gujaf-163	103	25	chairman	chairman	NOUN
gujaf-163	103	26	greenspan	greenspan	PROPN
gujaf-163	103	27	on	on	ADP
gujaf-163	103	28	interest	interest	NOUN
gujaf-163	103	29	rate	rate	NOUN
gujaf-163	103	30	.	.	PUNCT
gujaf-163	104	1	this	this	PRON
gujaf-163	104	2	somehow	somehow	ADV
gujaf-163	104	3	contradicts	contradict	VERB
gujaf-163	104	4	anderson	anderson	PROPN
gujaf-163	104	5	et	et	PROPN
gujaf-163	104	6	al	al	PROPN
gujaf-163	104	7	(	(	PUNCT
gujaf-163	104	8	20i2	20i2	NUM
gujaf-163	104	9	)	)	PUNCT
gujaf-163	104	10	findings	finding	NOUN
gujaf-163	104	11	.	.	PUNCT
gujaf-163	105	1	on	on	ADP
gujaf-163	105	2	the	the	DET
gujaf-163	105	3	other	other	ADJ
gujaf-163	105	4	hand	hand	NOUN
gujaf-163	105	5	,	,	PUNCT
gujaf-163	105	6	reeves	reeve	NOUN
gujaf-163	105	7	and	and	CCONJ
gujaf-163	105	8	sawicki	sawicki	PROPN
gujaf-163	105	9	(	(	PUNCT
gujaf-163	105	10	2015	2015	NUM
gujaf-163	105	11	)	)	PUNCT
gujaf-163	105	12	provided	provide	VERB
gujaf-163	105	13	evidence	evidence	NOUN
gujaf-163	105	14	which	which	PRON
gujaf-163	105	15	shows	show	VERB
gujaf-163	105	16	the	the	DET
gujaf-163	105	17	reverse	reverse	NOUN
gujaf-163	105	18	of	of	ADP
gujaf-163	105	19	anderson	anderson	PROPN
gujaf-163	105	20	's	's	PART
gujaf-163	105	21	et	et	PROPN
gujaf-163	105	22	al	al	PROPN
gujaf-163	105	23	(	(	PUNCT
gujaf-163	105	24	2012	2012	NUM
gujaf-163	105	25	)	)	PUNCT
gujaf-163	105	26	findings	finding	NOUN
gujaf-163	105	27	.	.	PUNCT
gujaf-163	106	1	to	to	ADP
gujaf-163	106	2	them	they	PRON
gujaf-163	106	3	,	,	PUNCT
gujaf-163	106	4	mpc	mpc	NOUN
gujaf-163	106	5	minutes	minute	NOUN
gujaf-163	106	6	and	and	CCONJ
gujaf-163	106	7	inflation	inflation	NOUN
gujaf-163	106	8	reports	report	NOUN
gujaf-163	106	9	of	of	ADP
gujaf-163	106	10	bank	bank	NOUN
gujaf-163	106	11	of	of	ADP
gujaf-163	106	12	the	the	DET
gujaf-163	106	13	england	england	PROPN
gujaf-163	106	14	influence	influence	PROPN
gujaf-163	106	15	financial	financial	ADJ
gujaf-163	106	16	market	market	NOUN
gujaf-163	106	17	prices	price	NOUN
gujaf-163	106	18	most	most	ADV
gujaf-163	106	19	,	,	PUNCT
gujaf-163	106	20	while	while	SCONJ
gujaf-163	106	21	speeches	speech	NOUN
gujaf-163	106	22	and	and	CCONJ
gujaf-163	106	23	parliamentary	parliamentary	ADJ
gujaf-163	106	24	committee	committee	NOUN
gujaf-163	106	25	hearings	hearing	NOUN
gujaf-163	106	26	have	have	VERB
gujaf-163	106	27	less	less	ADJ
gujaf-163	106	28	impact	impact	NOUN
gujaf-163	106	29	.	.	PUNCT
gujaf-163	107	1	thus	thus	ADV
gujaf-163	107	2	,	,	PUNCT
gujaf-163	107	3	rezessy	rezessy	ADJ
gujaf-163	107	4	(	(	PUNCT
gujaf-163	107	5	2013	2013	NUM
gujaf-163	107	6	)	)	PUNCT
gujaf-163	107	7	.	.	PUNCT
gujaf-163	108	1	ague	ague	NOUN
gujaf-163	108	2	that	that	SCONJ
gujaf-163	108	3	institutional	institutional	ADJ
gujaf-163	108	4	framework	framework	NOUN
gujaf-163	108	5	and	and	CCONJ
gujaf-163	108	6	communication	communication	NOUN
gujaf-163	108	7	strategies	strategy	NOUN
gujaf-163	108	8	of	of	ADP
gujaf-163	108	9	central	central	ADJ
gujaf-163	108	10	banks	bank	NOUN
gujaf-163	108	11	differ	differ	VERB
gujaf-163	108	12	across	across	ADP
gujaf-163	108	13	countries	country	NOUN
gujaf-163	108	14	which	which	PRON
gujaf-163	108	15	consequently	consequently	ADV
gujaf-163	108	16	make	make	VERB
gujaf-163	108	17	their	their	PRON
gujaf-163	108	18	comparisim	comparisim	NOUN
gujaf-163	108	19	of	of	ADP
gujaf-163	108	20	communication	communication	NOUN
gujaf-163	108	21	channels	channel	NOUN
gujaf-163	108	22	across	across	ADP
gujaf-163	108	23	countries	country	NOUN
gujaf-163	108	24	difficult	difficult	ADJ
gujaf-163	108	25	.	.	PUNCT
gujaf-163	109	1	in	in	ADP
gujaf-163	109	2	a	a	DET
gujaf-163	109	3	systematization	systematization	NOUN
gujaf-163	109	4	of	of	ADP
gujaf-163	109	5	empirical	empirical	ADJ
gujaf-163	109	6	evidences	evidence	NOUN
gujaf-163	109	7	show	show	VERB
gujaf-163	109	8	that	that	SCONJ
gujaf-163	109	9	the	the	DET
gujaf-163	109	10	most	most	ADV
gujaf-163	109	11	effective	effective	ADJ
gujaf-163	109	12	channels	channel	NOUN
gujaf-163	109	13	of	of	ADP
gujaf-163	109	14	central	central	ADJ
gujaf-163	109	15	bank	bank	NOUN
gujaf-163	109	16	communication	communication	NOUN
gujaf-163	109	17	are	be	AUX
gujaf-163	109	18	statements	statement	NOUN
gujaf-163	109	19	and	and	CCONJ
gujaf-163	109	20	press	press	NOUN
gujaf-163	109	21	conferences	conference	NOUN
gujaf-163	109	22	.	.	PUNCT
gujaf-163	110	1	while	while	SCONJ
gujaf-163	110	2	ranaldo	ranaldo	PROPN
gujaf-163	110	3	,	,	PUNCT
gujaf-163	110	4	&	&	CCONJ
gujaf-163	110	5	rossi(2010	rossi(2010	NOUN
gujaf-163	110	6	)	)	PUNCT
gujaf-163	110	7	in	in	ADP
gujaf-163	110	8	a	a	DET
gujaf-163	110	9	cross	cross	NOUN
gujaf-163	110	10	country	country	NOUN
gujaf-163	110	11	study	study	NOUN
gujaf-163	110	12	of	of	ADP
gujaf-163	110	13	six	six	NUM
gujaf-163	110	14	central	central	ADJ
gujaf-163	110	15	banks	bank	NOUN
gujaf-163	110	16	discovered	discover	VERB
gujaf-163	110	17	that	that	SCONJ
gujaf-163	110	18	the	the	DET
gujaf-163	110	19	most	most	ADV
gujaf-163	110	20	important	important	ADJ
gujaf-163	110	21	channel	channel	NOUN
gujaf-163	110	22	of	of	ADP
gujaf-163	110	23	communication	communication	NOUN
gujaf-163	110	24	are	be	AUX
gujaf-163	110	25	economic	economic	ADJ
gujaf-163	110	26	commentary	commentary	NOUN
gujaf-163	110	27	accompanying	accompany	VERB
gujaf-163	110	28	rates	rate	NOUN
gujaf-163	110	29	moves	move	NOUN
gujaf-163	110	30	and	and	CCONJ
gujaf-163	110	31	parliamentary	parliamentary	ADJ
gujaf-163	110	32	hearings	hearing	NOUN
gujaf-163	110	33	.	.	PUNCT
gujaf-163	111	1	and	and	CCONJ
gujaf-163	111	2	that	that	DET
gujaf-163	111	3	minute	minute	NOUN
gujaf-163	111	4	of	of	ADP
gujaf-163	111	5	meeting	meeting	NOUN
gujaf-163	111	6	and	and	CCONJ
gujaf-163	111	7	speeches	speech	NOUN
gujaf-163	111	8	appear	appear	VERB
gujaf-163	111	9	to	to	PART
gujaf-163	111	10	be	be	AUX
gujaf-163	111	11	less	less	ADV
gujaf-163	111	12	important	important	ADJ
gujaf-163	111	13	.	.	PUNCT
gujaf-163	112	1	gusau	gusau	ADJ
gujaf-163	112	2	journal	journal	PROPN
gujaf-163	112	3	of	of	ADP
gujaf-163	112	4	accounting	accounting	NOUN
gujaf-163	112	5	and	and	CCONJ
gujaf-163	112	6	finance	finance	NOUN
gujaf-163	112	7	,	,	PUNCT
gujaf-163	112	8	vol	vol	NOUN
gujaf-163	112	9	.	.	PUNCT
gujaf-163	112	10	2(3	2(3	NUM
gujaf-163	112	11	)	)	PUNCT
gujaf-163	112	12	,	,	PUNCT
gujaf-163	112	13	april	april	PROPN
gujaf-163	112	14	,	,	PUNCT
gujaf-163	112	15	2021	2021	NUM
gujaf-163	112	16	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	112	17	7	7	NUM
gujaf-163	112	18	this	this	PRON
gujaf-163	112	19	contrasts	contrast	VERB
gujaf-163	112	20	strongly	strongly	ADV
gujaf-163	112	21	with	with	ADP
gujaf-163	112	22	the	the	DET
gujaf-163	112	23	analysis	analysis	NOUN
gujaf-163	112	24	of	of	ADP
gujaf-163	112	25	transparency	transparency	NOUN
gujaf-163	112	26	in	in	ADP
gujaf-163	112	27	models	model	NOUN
gujaf-163	112	28	from	from	ADP
gujaf-163	112	29	the	the	DET
gujaf-163	112	30	1970s	1970s	NUM
gujaf-163	112	31	through	through	ADP
gujaf-163	112	32	1990s	1990	NOUN
gujaf-163	112	33	in	in	ADP
gujaf-163	112	34	which	which	PRON
gujaf-163	112	35	policy	policy	NOUN
gujaf-163	112	36	could	could	AUX
gujaf-163	112	37	only	only	ADV
gujaf-163	112	38	be	be	AUX
gujaf-163	112	39	effective	effective	ADJ
gujaf-163	112	40	if	if	SCONJ
gujaf-163	112	41	it	it	PRON
gujaf-163	112	42	were	be	AUX
gujaf-163	112	43	opaque	opaque	ADJ
gujaf-163	112	44	and	and	CCONJ
gujaf-163	112	45	able	able	ADJ
gujaf-163	112	46	to	to	PART
gujaf-163	112	47	surprise	surprise	VERB
gujaf-163	112	48	private	private	ADJ
gujaf-163	112	49	agents	agent	NOUN
gujaf-163	112	50	.	.	PUNCT
gujaf-163	113	1	central	central	ADJ
gujaf-163	113	2	banks	bank	NOUN
gujaf-163	113	3	increasingly	increasingly	ADV
gujaf-163	113	4	recognize	recognize	VERB
gujaf-163	113	5	the	the	DET
gujaf-163	113	6	importance	importance	NOUN
gujaf-163	113	7	of	of	ADP
gujaf-163	113	8	communication	communication	NOUN
gujaf-163	113	9	so	so	SCONJ
gujaf-163	113	10	that	that	SCONJ
gujaf-163	113	11	the	the	DET
gujaf-163	113	12	public	public	NOUN
gujaf-163	113	13	understands	understand	VERB
gujaf-163	113	14	the	the	DET
gujaf-163	113	15	systematic	systematic	ADJ
gujaf-163	113	16	nature	nature	NOUN
gujaf-163	113	17	of	of	ADP
gujaf-163	113	18	the	the	DET
gujaf-163	113	19	policy	policy	NOUN
gujaf-163	113	20	.	.	PUNCT
gujaf-163	114	1	this	this	DET
gujaf-163	114	2	recognition	recognition	NOUN
gujaf-163	114	3	has	have	AUX
gujaf-163	114	4	played	play	VERB
gujaf-163	114	5	a	a	DET
gujaf-163	114	6	large	large	ADJ
gujaf-163	114	7	part	part	NOUN
gujaf-163	114	8	in	in	ADP
gujaf-163	114	9	motivating	motivate	VERB
gujaf-163	114	10	the	the	DET
gujaf-163	114	11	greater	great	ADJ
gujaf-163	114	12	transparency	transparency	NOUN
gujaf-163	114	13	with	with	ADP
gujaf-163	114	14	which	which	DET
gujaf-163	114	15	policy	policy	NOUN
gujaf-163	114	16	is	be	AUX
gujaf-163	114	17	now	now	ADV
gujaf-163	114	18	conducted	conduct	VERB
gujaf-163	114	19	carvalho	carvalho	NOUN
gujaf-163	114	20	and	and	CCONJ
gujaf-163	114	21	nechio	nechio	NOUN
gujaf-163	114	22	(	(	PUNCT
gujaf-163	114	23	2014	2014	NUM
gujaf-163	114	24	)	)	PUNCT
gujaf-163	114	25	,	,	PUNCT
gujaf-163	114	26	provide	provide	VERB
gujaf-163	114	27	an	an	DET
gujaf-163	114	28	index	index	NOUN
gujaf-163	114	29	of	of	ADP
gujaf-163	114	30	transparency	transparency	NOUN
gujaf-163	114	31	for	for	ADP
gujaf-163	114	32	a	a	DET
gujaf-163	114	33	set	set	NOUN
gujaf-163	114	34	of	of	ADP
gujaf-163	114	35	developed	develop	VERB
gujaf-163	114	36	economies	economy	NOUN
gujaf-163	114	37	that	that	PRON
gujaf-163	114	38	includes	include	VERB
gujaf-163	114	39	some	some	DET
gujaf-163	114	40	inflation	inflation	NOUN
gujaf-163	114	41	targets	target	NOUN
gujaf-163	114	42	(	(	PUNCT
gujaf-163	114	43	australia	australia	PROPN
gujaf-163	114	44	,	,	PUNCT
gujaf-163	114	45	canada	canada	PROPN
gujaf-163	114	46	,	,	PUNCT
gujaf-163	114	47	new	new	PROPN
gujaf-163	114	48	zealand	zealand	PROPN
gujaf-163	114	49	,	,	PUNCT
gujaf-163	114	50	sweden	sweden	PROPN
gujaf-163	114	51	,	,	PUNCT
gujaf-163	114	52	and	and	CCONJ
gujaf-163	114	53	the	the	DET
gujaf-163	114	54	uk	uk	PROPN
gujaf-163	114	55	)	)	PUNCT
gujaf-163	114	56	as	as	ADV
gujaf-163	114	57	well	well	ADV
gujaf-163	114	58	as	as	ADP
gujaf-163	114	59	non	non	NOUN
gujaf-163	114	60	-	-	NOUN
gujaf-163	114	61	targets	target	NOUN
gujaf-163	114	62	(	(	PUNCT
gujaf-163	114	63	japan	japan	PROPN
gujaf-163	114	64	,	,	PUNCT
gujaf-163	114	65	switzerland	switzerland	PROPN
gujaf-163	114	66	,	,	PUNCT
gujaf-163	114	67	and	and	CCONJ
gujaf-163	114	68	the	the	DET
gujaf-163	114	69	us	us	PROPN
gujaf-163	114	70	)	)	PUNCT
gujaf-163	114	71	.	.	PUNCT
gujaf-163	115	1	they	they	PRON
gujaf-163	115	2	found	find	VERB
gujaf-163	115	3	that	that	SCONJ
gujaf-163	115	4	between	between	ADP
gujaf-163	115	5	1998	1998	NUM
gujaf-163	115	6	and	and	CCONJ
gujaf-163	115	7	2002	2002	NUM
gujaf-163	115	8	,	,	PUNCT
gujaf-163	115	9	transparency	transparency	NOUN
gujaf-163	115	10	,	,	PUNCT
gujaf-163	115	11	increased	increase	VERB
gujaf-163	115	12	for	for	ADP
gujaf-163	115	13	virtually	virtually	ADV
gujaf-163	115	14	all	all	DET
gujaf-163	115	15	the	the	DET
gujaf-163	115	16	centra	centra	ADJ
gujaf-163	115	17	banks	bank	NOUN
gujaf-163	115	18	they	they	PRON
gujaf-163	115	19	studied	study	VERB
gujaf-163	115	20	.	.	PUNCT
gujaf-163	116	1	even	even	ADV
gujaf-163	116	2	the	the	DET
gujaf-163	116	3	federal	federal	PROPN
gujaf-163	116	4	reserve	reserve	PROPN
gujaf-163	116	5	,	,	PUNCT
gujaf-163	116	6	which	which	PRON
gujaf-163	116	7	has	have	AUX
gujaf-163	116	8	so	so	ADV
gujaf-163	116	9	far	far	ADV
gujaf-163	116	10	resisted	resist	VERB
gujaf-163	116	11	calls	call	NOUN
gujaf-163	116	12	to	to	PART
gujaf-163	116	13	establish	establish	VERB
gujaf-163	116	14	a	a	DET
gujaf-163	116	15	formal	formal	ADJ
gujaf-163	116	16	inflation	inflation	NOUN
gujaf-163	116	17	target	target	NOUN
gujaf-163	116	18	,	,	PUNCT
gujaf-163	116	19	has	have	AUX
gujaf-163	116	20	moved	move	VERB
gujaf-163	116	21	to	to	PART
gujaf-163	116	22	make	make	VERB
gujaf-163	116	23	its	its	PRON
gujaf-163	116	24	policy	policy	NOUN
gujaf-163	116	25	practices	practice	NOUN
gujaf-163	116	26	more	more	ADV
gujaf-163	116	27	transparent	transparent	ADJ
gujaf-163	116	28	.	.	PUNCT
gujaf-163	117	1	to	to	PART
gujaf-163	117	2	summarize	summarize	VERB
gujaf-163	117	3	,	,	PUNCT
gujaf-163	117	4	the	the	DET
gujaf-163	117	5	empirical	empirical	ADJ
gujaf-163	117	6	research	research	NOUN
gujaf-163	117	7	examined	examine	VERB
gujaf-163	117	8	suggest	suggest	VERB
gujaf-163	117	9	that	that	SCONJ
gujaf-163	117	10	interest	interest	NOUN
gujaf-163	117	11	rates	rate	NOUN
gujaf-163	117	12	are	be	AUX
gujaf-163	117	13	influenced	influence	VERB
gujaf-163	117	14	by	by	ADP
gujaf-163	117	15	central	central	ADJ
gujaf-163	117	16	bank	bank	NOUN
gujaf-163	117	17	communication	communication	NOUN
gujaf-163	117	18	.	.	PUNCT
gujaf-163	118	1	however	however	ADV
gujaf-163	118	2	,	,	PUNCT
gujaf-163	118	3	the	the	DET
gujaf-163	118	4	direction	direction	NOUN
gujaf-163	118	5	of	of	ADP
gujaf-163	118	6	the	the	DET
gujaf-163	118	7	effects	effect	NOUN
gujaf-163	118	8	is	be	AUX
gujaf-163	118	9	still	still	ADV
gujaf-163	118	10	unclear	unclear	ADJ
gujaf-163	118	11	,	,	PUNCT
gujaf-163	118	12	because	because	SCONJ
gujaf-163	118	13	although	although	SCONJ
gujaf-163	118	14	some	some	DET
gujaf-163	118	15	researches	research	NOUN
gujaf-163	118	16	show	show	VERB
gujaf-163	118	17	that	that	SCONJ
gujaf-163	118	18	central	central	ADJ
gujaf-163	118	19	bank	bank	NOUN
gujaf-163	118	20	communications	communication	NOUN
gujaf-163	118	21	have	have	VERB
gujaf-163	118	22	a	a	DET
gujaf-163	118	23	beneficial	beneficial	ADJ
gujaf-163	118	24	impact	impact	NOUN
gujaf-163	118	25	on	on	ADP
gujaf-163	118	26	interest	interest	NOUN
gujaf-163	118	27	rates	rate	NOUN
gujaf-163	118	28	,	,	PUNCT
gujaf-163	118	29	others	other	NOUN
gujaf-163	118	30	claim	claim	VERB
gujaf-163	118	31	that	that	SCONJ
gujaf-163	118	32	they	they	PRON
gujaf-163	118	33	have	have	VERB
gujaf-163	118	34	a	a	DET
gujaf-163	118	35	detrimental	detrimental	ADJ
gujaf-163	118	36	one	one	NUM
gujaf-163	118	37	.	.	PUNCT
gujaf-163	119	1	furthermore	furthermore	ADV
gujaf-163	119	2	,	,	PUNCT
gujaf-163	119	3	these	these	DET
gujaf-163	119	4	research	research	NOUN
gujaf-163	119	5	are	be	AUX
gujaf-163	119	6	primarily	primarily	ADV
gujaf-163	119	7	from	from	ADP
gujaf-163	119	8	other	other	ADJ
gujaf-163	119	9	countries	country	NOUN
gujaf-163	119	10	,	,	PUNCT
gujaf-163	119	11	and	and	CCONJ
gujaf-163	119	12	there	there	PRON
gujaf-163	119	13	are	be	VERB
gujaf-163	119	14	little	little	ADJ
gujaf-163	119	15	studies	study	NOUN
gujaf-163	119	16	on	on	ADP
gujaf-163	119	17	this	this	DET
gujaf-163	119	18	topic	topic	NOUN
gujaf-163	119	19	in	in	ADP
gujaf-163	119	20	nigeria	nigeria	PROPN
gujaf-163	119	21	,	,	PUNCT
gujaf-163	119	22	particularly	particularly	ADV
gujaf-163	119	23	on	on	ADP
gujaf-163	119	24	the	the	DET
gujaf-163	119	25	direction	direction	NOUN
gujaf-163	119	26	of	of	ADP
gujaf-163	119	27	the	the	DET
gujaf-163	119	28	impacts	impact	NOUN
gujaf-163	119	29	.	.	PUNCT
gujaf-163	120	1	to	to	ADP
gujaf-163	120	2	that	that	DET
gujaf-163	120	3	purpose	purpose	NOUN
gujaf-163	120	4	,	,	PUNCT
gujaf-163	120	5	this	this	DET
gujaf-163	120	6	research	research	NOUN
gujaf-163	120	7	work	work	NOUN
gujaf-163	120	8	fills	fill	VERB
gujaf-163	120	9	a	a	DET
gujaf-163	120	10	significant	significant	ADJ
gujaf-163	120	11	gap	gap	NOUN
gujaf-163	120	12	in	in	ADP
gujaf-163	120	13	the	the	DET
gujaf-163	120	14	existing	exist	VERB
gujaf-163	120	15	research	research	NOUN
gujaf-163	120	16	.	.	PUNCT
gujaf-163	121	1	it	it	PRON
gujaf-163	121	2	determines	determine	VERB
gujaf-163	121	3	the	the	DET
gujaf-163	121	4	direction	direction	NOUN
gujaf-163	121	5	of	of	ADP
gujaf-163	121	6	interest	interest	NOUN
gujaf-163	121	7	rate	rate	NOUN
gujaf-163	121	8	effects	effect	NOUN
gujaf-163	121	9	from	from	ADP
gujaf-163	121	10	cbn	cbn	PROPN
gujaf-163	121	11	communication	communication	NOUN
gujaf-163	121	12	.	.	PUNCT
gujaf-163	122	1	this	this	PRON
gujaf-163	122	2	builds	build	VERB
gujaf-163	122	3	on	on	ADP
gujaf-163	122	4	sanusi	sanusi	NOUN
gujaf-163	122	5	's	's	PART
gujaf-163	122	6	findings	finding	NOUN
gujaf-163	122	7	(	(	PUNCT
gujaf-163	122	8	20iia	20iia	NOUN
gujaf-163	122	9	and	and	CCONJ
gujaf-163	122	10	20iib	20iib	NOUN
gujaf-163	122	11	)	)	PUNCT
gujaf-163	122	12	,	,	PUNCT
gujaf-163	122	13	which	which	PRON
gujaf-163	122	14	demonstrate	demonstrate	VERB
gujaf-163	122	15	that	that	SCONJ
gujaf-163	122	16	cbn	cbn	PROPN
gujaf-163	122	17	communications	communication	NOUN
gujaf-163	122	18	have	have	VERB
gujaf-163	122	19	a	a	DET
gujaf-163	122	20	considerable	considerable	ADJ
gujaf-163	122	21	impact	impact	NOUN
gujaf-163	122	22	on	on	ADP
gujaf-163	122	23	interest	interest	NOUN
gujaf-163	122	24	rates	rate	NOUN
gujaf-163	122	25	,	,	PUNCT
gujaf-163	122	26	but	but	CCONJ
gujaf-163	122	27	do	do	AUX
gujaf-163	122	28	not	not	PART
gujaf-163	122	29	show	show	VERB
gujaf-163	122	30	whether	whether	SCONJ
gujaf-163	122	31	they	they	PRON
gujaf-163	122	32	change	change	VERB
gujaf-163	122	33	them	they	PRON
gujaf-163	122	34	in	in	ADP
gujaf-163	122	35	the	the	DET
gujaf-163	122	36	intended	intended	ADJ
gujaf-163	122	37	direction	direction	NOUN
gujaf-163	122	38	.	.	PUNCT
gujaf-163	123	1	the	the	DET
gujaf-163	123	2	theoretical	theoretical	ADJ
gujaf-163	123	3	framework	framework	NOUN
gujaf-163	123	4	for	for	ADP
gujaf-163	123	5	this	this	DET
gujaf-163	123	6	study	study	NOUN
gujaf-163	123	7	is	be	AUX
gujaf-163	123	8	the	the	DET
gujaf-163	123	9	expectation	expectation	NOUN
gujaf-163	123	10	theory	theory	NOUN
gujaf-163	123	11	of	of	ADP
gujaf-163	123	12	term	term	NOUN
gujaf-163	123	13	structure	structure	NOUN
gujaf-163	123	14	of	of	ADP
gujaf-163	123	15	interest	interest	NOUN
gujaf-163	123	16	rates	rate	NOUN
gujaf-163	123	17	.	.	PUNCT
gujaf-163	124	1	as	as	ADP
gujaf-163	124	2	the	the	DET
gujaf-163	124	3	review	review	NOUN
gujaf-163	124	4	of	of	ADP
gujaf-163	124	5	literature	literature	NOUN
gujaf-163	124	6	reveals	reveal	NOUN
gujaf-163	124	7	,	,	PUNCT
gujaf-163	124	8	the	the	DET
gujaf-163	124	9	term	term	NOUN
gujaf-163	124	10	structure	structure	NOUN
gujaf-163	124	11	of	of	ADP
gujaf-163	124	12	interest	interest	NOUN
gujaf-163	124	13	rates	rate	NOUN
gujaf-163	124	14	show	show	VERB
gujaf-163	124	15	that	that	SCONJ
gujaf-163	124	16	central	central	ADJ
gujaf-163	124	17	bank	bank	NOUN
gujaf-163	124	18	communication	communication	NOUN
gujaf-163	124	19	influences	influence	VERB
gujaf-163	124	20	longer	long	ADJ
gujaf-163	124	21	term	term	NOUN
gujaf-163	124	22	rates	rate	NOUN
gujaf-163	124	23	by	by	ADP
gujaf-163	124	24	affecting	affect	VERB
gujaf-163	124	25	expectations	expectation	NOUN
gujaf-163	124	26	(	(	PUNCT
gujaf-163	124	27	see	see	VERB
gujaf-163	124	28	blinder	blinder	PROPN
gujaf-163	124	29	et	et	NOUN
gujaf-163	124	30	ai	ai	VERB
gujaf-163	124	31	,	,	PUNCT
gujaf-163	124	32	2008	2008	NUM
gujaf-163	124	33	)	)	PUNCT
gujaf-163	124	34	.	.	PUNCT
gujaf-163	125	1	3	3	NUM
gujaf-163	125	2	methodology	methodology	NOUN
gujaf-163	125	3	and	and	CCONJ
gujaf-163	125	4	data	datum	NOUN
gujaf-163	125	5	the	the	DET
gujaf-163	125	6	study	study	NOUN
gujaf-163	125	7	designs	design	NOUN
gujaf-163	125	8	and	and	CCONJ
gujaf-163	125	9	estimates	estimate	VERB
gujaf-163	125	10	a	a	DET
gujaf-163	125	11	variant	variant	NOUN
gujaf-163	125	12	of	of	ADP
gujaf-163	125	13	the	the	DET
gujaf-163	125	14	arch	arch	ADJ
gujaf-163	125	15	model	model	NOUN
gujaf-163	125	16	,	,	PUNCT
gujaf-163	125	17	the	the	DET
gujaf-163	125	18	exponential	exponential	ADJ
gujaf-163	125	19	generalized	generalized	ADJ
gujaf-163	125	20	autoregression	autoregression	NOUN
gujaf-163	125	21	conditional	conditional	ADJ
gujaf-163	125	22	heteroscedasticity	heteroscedasticity	NOUN
gujaf-163	125	23	model	model	NOUN
gujaf-163	125	24	(	(	PUNCT
gujaf-163	125	25	egarch	egarch	PROPN
gujaf-163	125	26	)	)	PUNCT
gujaf-163	125	27	,	,	PUNCT
gujaf-163	125	28	to	to	PART
gujaf-163	125	29	meet	meet	VERB
gujaf-163	125	30	the	the	DET
gujaf-163	125	31	study	study	NOUN
gujaf-163	125	32	's	's	PART
gujaf-163	125	33	main	main	ADJ
gujaf-163	125	34	goal	goal	NOUN
gujaf-163	125	35	of	of	ADP
gujaf-163	125	36	examining	examine	VERB
gujaf-163	125	37	the	the	DET
gujaf-163	125	38	effect	effect	NOUN
gujaf-163	125	39	of	of	ADP
gujaf-163	125	40	central	central	ADJ
gujaf-163	125	41	bank	bank	NOUN
gujaf-163	125	42	communication	communication	NOUN
gujaf-163	125	43	on	on	ADP
gujaf-163	125	44	the	the	DET
gujaf-163	125	45	interest	interest	NOUN
gujaf-163	125	46	rate	rate	NOUN
gujaf-163	125	47	.	.	PUNCT
gujaf-163	126	1	our	our	PRON
gujaf-163	126	2	understanding	understanding	NOUN
gujaf-163	126	3	of	of	ADP
gujaf-163	126	4	the	the	DET
gujaf-163	126	5	effect	effect	NOUN
gujaf-163	126	6	of	of	ADP
gujaf-163	126	7	communication	communication	NOUN
gujaf-163	126	8	on	on	ADP
gujaf-163	126	9	the	the	DET
gujaf-163	126	10	interest	interest	NOUN
gujaf-163	126	11	rate	rate	NOUN
gujaf-163	126	12	,	,	PUNCT
gujaf-163	126	13	as	as	ADV
gujaf-163	126	14	well	well	ADV
gujaf-163	126	15	as	as	ADP
gujaf-163	126	16	the	the	DET
gujaf-163	126	17	nature	nature	NOUN
gujaf-163	126	18	of	of	ADP
gujaf-163	126	19	the	the	DET
gujaf-163	126	20	data	datum	NOUN
gujaf-163	126	21	high	high	ADJ
gujaf-163	126	22	frequency	frequency	NOUN
gujaf-163	126	23	,	,	PUNCT
gujaf-163	126	24	influenced	influence	VERB
gujaf-163	126	25	our	our	PRON
gujaf-163	126	26	decision	decision	NOUN
gujaf-163	126	27	to	to	PART
gujaf-163	126	28	use	use	VERB
gujaf-163	126	29	this	this	DET
gujaf-163	126	30	model	model	NOUN
gujaf-163	126	31	.	.	PUNCT
gujaf-163	127	1	if	if	SCONJ
gujaf-163	127	2	communication	communication	NOUN
gujaf-163	127	3	has	have	VERB
gujaf-163	127	4	an	an	DET
gujaf-163	127	5	impact	impact	NOUN
gujaf-163	127	6	on	on	ADP
gujaf-163	127	7	the	the	DET
gujaf-163	127	8	creation	creation	NOUN
gujaf-163	127	9	of	of	ADP
gujaf-163	127	10	interest	interest	NOUN
gujaf-163	127	11	rates	rate	NOUN
gujaf-163	127	12	,	,	PUNCT
gujaf-163	127	13	we	we	PRON
gujaf-163	127	14	should	should	AUX
gujaf-163	127	15	anticipate	anticipate	VERB
gujaf-163	127	16	the	the	DET
gujaf-163	127	17	publication	publication	NOUN
gujaf-163	127	18	of	of	ADP
gujaf-163	127	19	such	such	ADJ
gujaf-163	127	20	information	information	NOUN
gujaf-163	127	21	to	to	PART
gujaf-163	127	22	reduce	reduce	VERB
gujaf-163	127	23	noise	noise	NOUN
gujaf-163	127	24	and	and	CCONJ
gujaf-163	127	25	boost	boost	VERB
gujaf-163	127	26	signals	signal	NOUN
gujaf-163	127	27	,	,	PUNCT
gujaf-163	127	28	lowering	lower	VERB
gujaf-163	127	29	the	the	DET
gujaf-163	127	30	signal	signal	NOUN
gujaf-163	127	31	-	-	PUNCT
gujaf-163	127	32	to	to	ADP
gujaf-163	127	33	-	-	PUNCT
gujaf-163	127	34	noise	noise	NOUN
gujaf-163	127	35	ratio	ratio	NOUN
gujaf-163	127	36	.	.	PUNCT
gujaf-163	128	1	as	as	ADP
gujaf-163	128	2	a	a	DET
gujaf-163	128	3	result	result	NOUN
gujaf-163	128	4	,	,	PUNCT
gujaf-163	128	5	the	the	DET
gujaf-163	128	6	interest	interest	NOUN
gujaf-163	128	7	rate	rate	NOUN
gujaf-163	128	8	and	and	CCONJ
gujaf-163	128	9	exchange	exchange	NOUN
gujaf-163	128	10	rate	rate	NOUN
gujaf-163	128	11	volatility	volatility	NOUN
gujaf-163	128	12	will	will	AUX
gujaf-163	128	13	alter	alter	VERB
gujaf-163	128	14	.	.	PUNCT
gujaf-163	129	1	as	as	ADP
gujaf-163	129	2	a	a	DET
gujaf-163	129	3	result	result	NOUN
gujaf-163	129	4	,	,	PUNCT
gujaf-163	129	5	utilizing	utilize	VERB
gujaf-163	129	6	the	the	DET
gujaf-163	129	7	egarch	egarch	NOUN
gujaf-163	129	8	model	model	NOUN
gujaf-163	129	9	to	to	PART
gujaf-163	129	10	represent	represent	VERB
gujaf-163	129	11	volatility	volatility	NOUN
gujaf-163	129	12	would	would	AUX
gujaf-163	129	13	allow	allow	VERB
gujaf-163	129	14	us	we	PRON
gujaf-163	129	15	to	to	PART
gujaf-163	129	16	meet	meet	VERB
gujaf-163	129	17	the	the	DET
gujaf-163	129	18	study	study	NOUN
gujaf-163	129	19	's	's	PART
gujaf-163	129	20	goal	goal	NOUN
gujaf-163	129	21	.	.	PUNCT
gujaf-163	130	1	for	for	ADP
gujaf-163	130	2	the	the	DET
gujaf-163	130	3	study	study	NOUN
gujaf-163	130	4	,	,	PUNCT
gujaf-163	130	5	daily	daily	ADJ
gujaf-163	130	6	interest	interest	NOUN
gujaf-163	130	7	rate	rate	NOUN
gujaf-163	130	8	time	time	PROPN
gujaf-163	130	9	series	series	PROPN
gujaf-163	130	10	data	data	PROPN
gujaf-163	130	11	from	from	ADP
gujaf-163	130	12	2010	2010	NUM
gujaf-163	130	13	to	to	ADP
gujaf-163	130	14	2020	2020	NUM
gujaf-163	130	15	were	be	AUX
gujaf-163	130	16	employed	employ	VERB
gujaf-163	130	17	.	.	PUNCT
gujaf-163	131	1	this	this	DET
gujaf-163	131	2	study	study	NOUN
gujaf-163	131	3	's	's	PART
gujaf-163	131	4	data	datum	NOUN
gujaf-163	131	5	is	be	AUX
gujaf-163	131	6	primarily	primarily	ADV
gujaf-163	131	7	based	base	VERB
gujaf-163	131	8	on	on	ADP
gujaf-163	131	9	secondary	secondary	ADJ
gujaf-163	131	10	sources	source	NOUN
gujaf-163	131	11	obtained	obtain	VERB
gujaf-163	131	12	from	from	ADP
gujaf-163	131	13	the	the	DET
gujaf-163	131	14	central	central	ADJ
gujaf-163	131	15	bank	bank	PROPN
gujaf-163	131	16	of	of	ADP
gujaf-163	131	17	nigeria	nigeria	PROPN
gujaf-163	131	18	(	(	PUNCT
gujaf-163	131	19	cbn	cbn	PROPN
gujaf-163	131	20	)	)	PUNCT
gujaf-163	131	21	.	.	PUNCT
gujaf-163	132	1	the	the	DET
gujaf-163	132	2	study	study	NOUN
gujaf-163	132	3	considered	consider	VERB
gujaf-163	132	4	the	the	DET
gujaf-163	132	5	daily	daily	ADJ
gujaf-163	132	6	interbank	interbank	NOUN
gujaf-163	132	7	rates	rate	NOUN
gujaf-163	132	8	of	of	ADP
gujaf-163	132	9	different	different	ADJ
gujaf-163	132	10	maturities	maturity	NOUN
gujaf-163	132	11	from	from	ADP
gujaf-163	132	12	monday	monday	PROPN
gujaf-163	132	13	to	to	ADP
gujaf-163	132	14	friday	friday	PROPN
gujaf-163	132	15	.	.	PUNCT
gujaf-163	133	1	these	these	DET
gujaf-163	133	2	rates	rate	NOUN
gujaf-163	133	3	include	include	VERB
gujaf-163	133	4	the	the	DET
gujaf-163	133	5	call	call	NOUN
gujaf-163	133	6	rate	rate	NOUN
gujaf-163	133	7	,	,	PUNCT
gujaf-163	133	8	7days	7days	NUM
gujaf-163	133	9	rate	rate	NOUN
gujaf-163	133	10	,	,	PUNCT
gujaf-163	133	11	30days	30days	NUM
gujaf-163	133	12	rate	rate	NOUN
gujaf-163	133	13	,	,	PUNCT
gujaf-163	133	14	60days	60days	NUM
gujaf-163	133	15	rate	rate	NOUN
gujaf-163	133	16	,	,	PUNCT
gujaf-163	133	17	90days	90day	NOUN
gujaf-163	133	18	rate	rate	NOUN
gujaf-163	133	19	,	,	PUNCT
gujaf-163	133	20	180days	180days	PROPN
gujaf-163	133	21	rate	rate	NOUN
gujaf-163	133	22	and	and	CCONJ
gujaf-163	133	23	365days	365days	PROPN
gujaf-163	133	24	rate	rate	NOUN
gujaf-163	133	25	.	.	PUNCT
gujaf-163	134	1	the	the	DET
gujaf-163	134	2	monetary	monetary	ADJ
gujaf-163	134	3	instrument	instrument	NOUN
gujaf-163	134	4	to	to	PART
gujaf-163	134	5	be	be	AUX
gujaf-163	134	6	consider	consider	VERB
gujaf-163	134	7	are	be	AUX
gujaf-163	134	8	:	:	PUNCT
gujaf-163	134	9	the	the	DET
gujaf-163	134	10	monetary	monetary	ADJ
gujaf-163	134	11	policy	policy	NOUN
gujaf-163	134	12	rate	rate	NOUN
gujaf-163	134	13	(	(	PUNCT
gujaf-163	134	14	mpr	mpr	NOUN
gujaf-163	134	15	)	)	PUNCT
gujaf-163	134	16	,	,	PUNCT
gujaf-163	134	17	liquidity	liquidity	NOUN
gujaf-163	134	18	ratio	ratio	NOUN
gujaf-163	134	19	(	(	PUNCT
gujaf-163	134	20	lr	lr	NOUN
gujaf-163	134	21	)	)	PUNCT
gujaf-163	134	22	,	,	PUNCT
gujaf-163	134	23	cash	cash	NOUN
gujaf-163	134	24	reserve	reserve	NOUN
gujaf-163	134	25	ratio	ratio	NOUN
gujaf-163	134	26	(	(	PUNCT
gujaf-163	134	27	crr	crr	PROPN
gujaf-163	134	28	)	)	PUNCT
gujaf-163	134	29	and	and	CCONJ
gujaf-163	134	30	communication	communication	NOUN
gujaf-163	134	31	signal	signal	NOUN
gujaf-163	134	32	.	.	PUNCT
gujaf-163	135	1	to	to	PART
gujaf-163	135	2	control	control	VERB
gujaf-163	135	3	for	for	ADP
gujaf-163	135	4	gusau	gusau	ADJ
gujaf-163	135	5	journal	journal	PROPN
gujaf-163	135	6	of	of	ADP
gujaf-163	135	7	accounting	accounting	NOUN
gujaf-163	135	8	and	and	CCONJ
gujaf-163	135	9	finance	finance	NOUN
gujaf-163	135	10	,	,	PUNCT
gujaf-163	135	11	vol	vol	NOUN
gujaf-163	135	12	.	.	PUNCT
gujaf-163	135	13	2(3	2(3	NUM
gujaf-163	135	14	)	)	PUNCT
gujaf-163	135	15	,	,	PUNCT
gujaf-163	135	16	april	april	PROPN
gujaf-163	135	17	,	,	PUNCT
gujaf-163	135	18	2021	2021	NUM
gujaf-163	135	19	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	135	20	8	8	NUM
gujaf-163	135	21	macroeconomic	macroeconomic	ADJ
gujaf-163	135	22	news	news	NOUN
gujaf-163	135	23	effect	effect	NOUN
gujaf-163	135	24	,	,	PUNCT
gujaf-163	135	25	inflation	inflation	NOUN
gujaf-163	135	26	rate	rate	NOUN
gujaf-163	135	27	will	will	AUX
gujaf-163	135	28	be	be	AUX
gujaf-163	135	29	use	use	NOUN
gujaf-163	135	30	.	.	PUNCT
gujaf-163	136	1	all	all	DET
gujaf-163	136	2	this	this	PRON
gujaf-163	136	3	will	will	AUX
gujaf-163	136	4	be	be	AUX
gujaf-163	136	5	collected	collect	VERB
gujaf-163	136	6	from	from	ADP
gujaf-163	136	7	cbn‟s	cbn‟s	NUM
gujaf-163	136	8	official	official	ADJ
gujaf-163	136	9	website	website	NOUN
gujaf-163	136	10	.	.	PUNCT
gujaf-163	137	1	mean	mean	VERB
gujaf-163	137	2	equation	equation	NOUN
gujaf-163	137	3	rti	rti	PROPN
gujaf-163	137	4	a	a	PROPN
gujaf-163	137	5	,	,	PUNCT
gujaf-163	137	6	t	t	PROPN
gujaf-163	137	7	map	map	NOUN
gujaf-163	137	8	,	,	PUNCT
gujaf-163	137	9	t	t	PROPN
gujaf-163	137	10	+	+	CCONJ
gujaf-163	137	11	mtac	mtac	ADJ
gujaf-163	137	12	+	+	CCONJ
gujaf-163	137	13	t0	t0	PROPN
gujaf-163	137	14	+	+	CCONJ
gujaf-163	137	15	t	t	PROPN
gujaf-163	137	16	…	…	PUNCT
gujaf-163	137	17	…	…	PUNCT
gujaf-163	137	18	…	…	PUNCT
gujaf-163	137	19	…	…	PUNCT
gujaf-163	137	20	…	…	PUNCT
gujaf-163	137	21	…	…	PUNCT
gujaf-163	137	22	…	…	PUNCT
gujaf-163	137	23	…	…	PUNCT
gujaf-163	137	24	…	…	PUNCT
gujaf-163	137	25	…	…	PUNCT
gujaf-163	137	26	…	…	PUNCT
gujaf-163	137	27	(	(	PUNCT
gujaf-163	137	28	3.1	3.1	NUM
gujaf-163	137	29	)	)	PUNCT
gujaf-163	137	30	where	where	SCONJ
gujaf-163	137	31	:	:	PUNCT
gujaf-163	137	32	rt	rt	PROPN
gujaf-163	137	33	i	i	NOUN
gujaf-163	137	34	=	=	NOUN
gujaf-163	137	35	interest	interest	NOUN
gujaf-163	137	36	rate	rate	NOUN
gujaf-163	137	37	of	of	ADP
gujaf-163	137	38	different	different	ADJ
gujaf-163	137	39	maturities	maturity	NOUN
gujaf-163	138	1	rt	rt	INTJ
gujaf-163	138	2	i	i	PRON
gujaf-163	138	3	-g	-g	PUNCT
gujaf-163	138	4	=	=	SYM
gujaf-163	138	5	lag(s	lag(s	PROPN
gujaf-163	138	6	)	)	PUNCT
gujaf-163	138	7	of	of	ADP
gujaf-163	138	8	interest	interest	NOUN
gujaf-163	138	9	rate	rate	NOUN
gujaf-163	138	10	to	to	PART
gujaf-163	138	11	control	control	VERB
gujaf-163	138	12	for	for	ADP
gujaf-163	138	13	persistence	persistence	NOUN
gujaf-163	138	14	ma	ma	PROPN
gujaf-163	138	15	p	p	PROPN
gujaf-163	138	16	,	,	PUNCT
gujaf-163	138	17	t	t	NOUN
gujaf-163	138	18	=	=	SYM
gujaf-163	138	19	monetary	monetary	ADJ
gujaf-163	138	20	policy	policy	NOUN
gujaf-163	138	21	instrument	instrument	PROPN
gujaf-163	138	22	mt	mt	PROPN
gujaf-163	138	23	ac	ac	PROPN
gujaf-163	139	1	=	=	PROPN
gujaf-163	139	2	macroeconomic	macroeconomic	ADJ
gujaf-163	139	3	data	datum	NOUN
gujaf-163	139	4	surprises	surprise	NOUN
gujaf-163	139	5	t	t	NOUN
gujaf-163	139	6	0	0	NUM
gujaf-163	140	1	=	=	SYM
gujaf-163	140	2	dummies	dummy	NOUN
gujaf-163	140	3	to	to	PART
gujaf-163	140	4	account	account	VERB
gujaf-163	140	5	for	for	ADP
gujaf-163	140	6	the	the	DET
gujaf-163	140	7	effects	effect	NOUN
gujaf-163	140	8	of	of	ADP
gujaf-163	140	9	global	global	ADJ
gujaf-163	140	10	economic	economic	ADJ
gujaf-163	140	11	financial	financial	ADJ
gujaf-163	140	12	crisis	crisis	NOUN
gujaf-163	140	13	on	on	ADP
gujaf-163	140	14	interest	interest	NOUN
gujaf-163	140	15	rate	rate	NOUN
gujaf-163	140	16	t	t	NOUN
gujaf-163	140	17	=	=	NOUN
gujaf-163	140	18	error	error	NOUN
gujaf-163	140	19	term	term	NOUN
gujaf-163	140	20	are	be	AUX
gujaf-163	140	21	the	the	DET
gujaf-163	140	22	coefficients	coefficient	NOUN
gujaf-163	140	23	to	to	PART
gujaf-163	140	24	be	be	AUX
gujaf-163	140	25	estimated	estimate	VERB
gujaf-163	140	26	.	.	PUNCT
gujaf-163	141	1	variance	variance	NOUN
gujaf-163	141	2	equation	equation	NOUN
gujaf-163	141	3	ct	ct	PROPN
gujaf-163	141	4	m	m	NOUN
gujaf-163	141	5	……	……	NOUN
gujaf-163	141	6	……	……	NOUN
gujaf-163	141	7	……	……	NOUN
gujaf-163	141	8	……	……	NOUN
gujaf-163	141	9	.	.	PUNCT
gujaf-163	142	1	(	(	PUNCT
gujaf-163	142	2	3.2	3.2	NUM
gujaf-163	142	3	)	)	PUNCT
gujaf-163	142	4	where	where	SCONJ
gujaf-163	142	5	:	:	PUNCT
gujaf-163	142	6	log	log	VERB
gujaf-163	142	7	t	t	PROPN
gujaf-163	142	8	2	2	NUM
gujaf-163	142	9	=	=	SYM
gujaf-163	142	10	lag(s	lag(s	NOUN
gujaf-163	142	11	)	)	PUNCT
gujaf-163	142	12	of	of	ADP
gujaf-163	142	13	logged	log	VERB
gujaf-163	142	14	conditional	conditional	ADJ
gujaf-163	142	15	variance	variance	NOUN
gujaf-163	142	16	terms	term	NOUN
gujaf-163	142	17	to	to	PART
gujaf-163	142	18	measure	measure	VERB
gujaf-163	142	19	the	the	DET
gujaf-163	142	20	garch	garch	NOUN
gujaf-163	142	21	effects	effect	NOUN
gujaf-163	142	22	=	=	SYM
gujaf-163	142	23	lag(s	lag(s	NOUN
gujaf-163	142	24	)	)	PUNCT
gujaf-163	142	25	of	of	ADP
gujaf-163	142	26	the	the	DET
gujaf-163	142	27	absolute	absolute	ADJ
gujaf-163	142	28	value	value	NOUN
gujaf-163	142	29	of	of	ADP
gujaf-163	142	30	standard	standard	ADJ
gujaf-163	142	31	residuals	residual	NOUN
gujaf-163	142	32	to	to	PART
gujaf-163	142	33	measure	measure	VERB
gujaf-163	142	34	the	the	DET
gujaf-163	142	35	arch	arch	ADJ
gujaf-163	142	36	effects	effect	NOUN
gujaf-163	142	37	=	=	SYM
gujaf-163	142	38	control	control	NOUN
gujaf-163	142	39	for	for	ADP
gujaf-163	142	40	asymmetric	asymmetric	ADJ
gujaf-163	142	41	responses	response	NOUN
gujaf-163	142	42	to	to	ADP
gujaf-163	142	43	shocks	shock	NOUN
gujaf-163	142	44	=	=	PUNCT
gujaf-163	142	45	communication	communication	NOUN
gujaf-163	142	46	signals	signal	NOUN
gujaf-163	142	47	0	0	NUM
gujaf-163	142	48	,	,	PUNCT
gujaf-163	142	49	j	j	PROPN
gujaf-163	142	50	,	,	PUNCT
gujaf-163	142	51	v	v	NOUN
gujaf-163	142	52	and	and	CCONJ
gujaf-163	142	53	are	be	AUX
gujaf-163	142	54	parameters	parameter	NOUN
gujaf-163	142	55	to	to	PART
gujaf-163	142	56	be	be	AUX
gujaf-163	142	57	estimated	estimate	VERB
gujaf-163	142	58	4	4	NUM
gujaf-163	142	59	.	.	NOUN
gujaf-163	142	60	results	result	NOUN
gujaf-163	142	61	and	and	CCONJ
gujaf-163	142	62	discussions	discussion	NOUN
gujaf-163	142	63	to	to	PART
gujaf-163	142	64	estimate	estimate	VERB
gujaf-163	142	65	the	the	DET
gujaf-163	142	66	egarch	egarch	NOUN
gujaf-163	142	67	the	the	DET
gujaf-163	142	68	study	study	NOUN
gujaf-163	142	69	carry	carry	VERB
gujaf-163	142	70	out	out	ADP
gujaf-163	142	71	two	two	NUM
gujaf-163	142	72	pre	pre	NOUN
gujaf-163	142	73	-	-	NOUN
gujaf-163	142	74	tests	test	NOUN
gujaf-163	142	75	:	:	PUNCT
gujaf-163	142	76	normality	normality	NOUN
gujaf-163	142	77	test	test	NOUN
gujaf-163	142	78	and	and	CCONJ
gujaf-163	142	79	unit	unit	NOUN
gujaf-163	142	80	root	root	PROPN
gujaf-163	142	81	test	test	NOUN
gujaf-163	142	82	.	.	PUNCT
gujaf-163	143	1	this	this	PRON
gujaf-163	143	2	is	be	AUX
gujaf-163	143	3	to	to	PART
gujaf-163	143	4	avoid	avoid	VERB
gujaf-163	143	5	misleading	misleading	ADJ
gujaf-163	143	6	results	result	NOUN
gujaf-163	143	7	,	,	PUNCT
gujaf-163	143	8	because	because	SCONJ
gujaf-163	143	9	it	it	PRON
gujaf-163	143	10	is	be	AUX
gujaf-163	143	11	established	establish	VERB
gujaf-163	143	12	in	in	ADP
gujaf-163	143	13	the	the	DET
gujaf-163	143	14	literature	literature	NOUN
gujaf-163	143	15	that	that	PRON
gujaf-163	143	16	financial	financial	ADJ
gujaf-163	143	17	assets	asset	NOUN
gujaf-163	143	18	are	be	AUX
gujaf-163	143	19	prune	prune	NOUN
gujaf-163	143	20	to	to	ADP
gujaf-163	143	21	unit	unit	NOUN
gujaf-163	143	22	root	root	NOUN
gujaf-163	143	23	and	and	CCONJ
gujaf-163	143	24	non	non	ADJ
gujaf-163	143	25	-	-	ADJ
gujaf-163	143	26	normal	normal	ADJ
gujaf-163	143	27	distribution	distribution	NOUN
gujaf-163	143	28	with	with	ADP
gujaf-163	143	29	time	time	NOUN
gujaf-163	143	30	varying	vary	VERB
gujaf-163	143	31	second	second	ADJ
gujaf-163	143	32	moments	moment	NOUN
gujaf-163	143	33	.	.	PUNCT
gujaf-163	144	1	test	test	NOUN
gujaf-163	144	2	of	of	ADP
gujaf-163	144	3	normality	normality	ADJ
gujaf-163	144	4	empirical	empirical	ADJ
gujaf-163	144	5	studies	study	NOUN
gujaf-163	144	6	have	have	AUX
gujaf-163	144	7	confirmed	confirm	VERB
gujaf-163	144	8	the	the	DET
gujaf-163	144	9	egarch	egarch	NOUN
gujaf-163	144	10	which	which	PRON
gujaf-163	144	11	was	be	AUX
gujaf-163	144	12	originally	originally	ADV
gujaf-163	144	13	developed	develop	VERB
gujaf-163	144	14	by	by	ADP
gujaf-163	144	15	nelson	nelson	PROPN
gujaf-163	144	16	(	(	PUNCT
gujaf-163	144	17	1991	1991	NUM
gujaf-163	144	18	)	)	PUNCT
gujaf-163	144	19	to	to	PART
gujaf-163	144	20	be	be	AUX
gujaf-163	144	21	the	the	DET
gujaf-163	144	22	most	most	ADV
gujaf-163	144	23	suited	suited	ADJ
gujaf-163	144	24	technique	technique	NOUN
gujaf-163	144	25	for	for	ADP
gujaf-163	144	26	modeling	model	VERB
gujaf-163	144	27	financial	financial	ADJ
gujaf-163	144	28	time	time	NOUN
gujaf-163	144	29	series	series	NOUN
gujaf-163	144	30	,	,	PUNCT
gujaf-163	144	31	which	which	PRON
gujaf-163	144	32	tend	tend	VERB
gujaf-163	144	33	to	to	PART
gujaf-163	144	34	exhibit	exhibit	VERB
gujaf-163	144	35	nonnormal	nonnormal	ADJ
gujaf-163	144	36	distribution	distribution	NOUN
gujaf-163	144	37	with	with	ADP
gujaf-163	144	38	time	time	NOUN
gujaf-163	144	39	-	-	PUNCT
gujaf-163	144	40	varying	vary	VERB
gujaf-163	144	41	second	second	ADJ
gujaf-163	144	42	moments	moment	NOUN
gujaf-163	144	43	.	.	PUNCT
gujaf-163	145	1	as	as	ADP
gujaf-163	145	2	a	a	DET
gujaf-163	145	3	result	result	NOUN
gujaf-163	145	4	,	,	PUNCT
gujaf-163	145	5	this	this	DET
gujaf-163	145	6	section	section	NOUN
gujaf-163	145	7	examines	examine	VERB
gujaf-163	145	8	the	the	DET
gujaf-163	145	9	distribution	distribution	NOUN
gujaf-163	145	10	of	of	ADP
gujaf-163	145	11	the	the	DET
gujaf-163	145	12	interbank	interbank	NOUN
gujaf-163	145	13	rates	rate	NOUN
gujaf-163	145	14	.	.	PUNCT
gujaf-163	146	1	table1	table1	PROPN
gujaf-163	146	2	descriptive	descriptive	ADJ
gujaf-163	146	3	statistics	statistic	NOUN
gujaf-163	146	4	of	of	ADP
gujaf-163	146	5	the	the	DET
gujaf-163	146	6	interbank	interbank	NOUN
gujaf-163	146	7	rates	rate	NOUN
gujaf-163	146	8	call_rate	call_rate	VERB
gujaf-163	146	9	7	7	NUM
gujaf-163	146	10	days	day	NOUN
gujaf-163	146	11	30	30	NUM
gujaf-163	146	12	days	day	NOUN
gujaf-163	146	13	60	60	NUM
gujaf-163	146	14	days	day	NOUN
gujaf-163	146	15	90	90	NUM
gujaf-163	146	16	days	day	NOUN
gujaf-163	146	17	180	180	NUM
gujaf-163	146	18	days	day	NOUN
gujaf-163	146	19	360	360	NUM
gujaf-163	146	20	days	day	NOUN
gujaf-163	146	21	mean	mean	VERB
gujaf-163	146	22	10.69875	10.69875	NUM
gujaf-163	147	1	4.295796	4.295796	NUM
gujaf-163	147	2	4.128915	4.128915	NUM
gujaf-163	147	3	0.801500	0.801500	NUM
gujaf-163	147	4	0.259000	0.259000	NUM
gujaf-163	147	5	0.475000	0.475000	NUM
gujaf-163	147	6	0.588500	0.588500	NUM
gujaf-163	147	7	median	median	NOUN
gujaf-163	147	8	11.32000	11.32000	NUM
gujaf-163	147	9	0.100000	0.100000	NUM
gujaf-163	147	10	0.000000	0.000000	NUM
gujaf-163	147	11	0.000000	0.000000	NUM
gujaf-163	147	12	0.000000	0.000000	NUM
gujaf-163	147	13	0.000000	0.000000	NUM
gujaf-163	147	14	0.000000	0.000000	NUM
gujaf-163	147	15	maximum	maximum	ADJ
gujaf-163	147	16	41.50000	41.50000	NUM
gujaf-163	147	17	20.00000	20.00000	NUM
gujaf-163	147	18	15.25000	15.25000	NUM
gujaf-163	147	19	16.25000	16.25000	NUM
gujaf-163	147	20	10.00000	10.00000	NUM
gujaf-163	147	21	19.00000	19.00000	NUM
gujaf-163	147	22	19.00000	19.00000	NUM
gujaf-163	147	23	0	0	NUM
gujaf-163	147	24	,	,	PUNCT
gujaf-163	147	25	g	g	PROPN
gujaf-163	147	26	,	,	PUNCT
gujaf-163	147	27	gusau	gusau	ADJ
gujaf-163	147	28	journal	journal	NOUN
gujaf-163	147	29	of	of	ADP
gujaf-163	147	30	accounting	accounting	NOUN
gujaf-163	147	31	and	and	CCONJ
gujaf-163	147	32	finance	finance	NOUN
gujaf-163	147	33	,	,	PUNCT
gujaf-163	147	34	vol	vol	NOUN
gujaf-163	147	35	.	.	PUNCT
gujaf-163	147	36	2(3	2(3	NUM
gujaf-163	147	37	)	)	PUNCT
gujaf-163	147	38	,	,	PUNCT
gujaf-163	147	39	april	april	PROPN
gujaf-163	147	40	,	,	PUNCT
gujaf-163	147	41	2021	2021	NUM
gujaf-163	147	42	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NOUN
gujaf-163	147	43	9	9	NUM
gujaf-163	147	44	minimum	minimum	NOUN
gujaf-163	147	45	0.000000	0.000000	NUM
gujaf-163	147	46	0.000000	0.000000	NUM
gujaf-163	147	47	0.000000	0.000000	NUM
gujaf-163	147	48	0.000000	0.000000	NUM
gujaf-163	147	49	0.000000	0.000000	NUM
gujaf-163	147	50	0.000000	0.000000	NUM
gujaf-163	147	51	0.000000	0.000000	NUM
gujaf-163	147	52	std	std	NOUN
gujaf-163	147	53	.	.	PUNCT
gujaf-163	147	54	dev	dev	PROPN
gujaf-163	147	55	.	.	PUNCT
gujaf-163	148	1	7.704197	7.704197	NUM
gujaf-163	148	2	6.329279	6.329279	NUM
gujaf-163	148	3	6.185046	6.185046	NUM
gujaf-163	148	4	3.216841	3.216841	NUM
gujaf-163	148	5	1.570041	1.570041	NUM
gujaf-163	148	6	2.985090	2.985090	NUM
gujaf-163	148	7	3.135626	3.135626	NUM
gujaf-163	148	8	skewness	skewness	NOUN
gujaf-163	148	9	0.567840	0.567840	NUM
gujaf-163	148	10	0.906451	0.906451	NUM
gujaf-163	148	11	0.862176	0.862176	NUM
gujaf-163	148	12	3.955716	3.955716	NUM
gujaf-163	148	13	6.080114	6.080114	NUM
gujaf-163	148	14	6.084870	6.084870	NUM
gujaf-163	148	15	5.403875	5.403875	NUM
gujaf-163	148	16	kurtosis	kurtosis	VERB
gujaf-163	148	17	4.991421	4.991421	NUM
gujaf-163	148	18	3.070902	3.070902	NUM
gujaf-163	148	19	4.805663	4.805663	NUM
gujaf-163	148	20	17.33538	17.33538	NUM
gujaf-163	148	21	37.98774	37.98774	NUM
gujaf-163	148	22	38.02564	38.02564	NUM
gujaf-163	148	23	31.16436	31.16436	NUM
gujaf-163	148	24	jarque	jarque	NOUN
gujaf-163	148	25	-	-	PUNCT
gujaf-163	148	26	bera	bera	NOUN
gujaf-163	148	27	17.51842	17.51842	NUM
gujaf-163	148	28	13.83280	13.83280	NUM
gujaf-163	148	29	14.66611	14.66611	NUM
gujaf-163	148	30	893.6466	893.6466	NUM
gujaf-163	148	31	4573.377	4573.377	NUM
gujaf-163	148	32	4582.994	4582.994	NUM
gujaf-163	148	33	3033.462	3033.462	NUM
gujaf-163	148	34	probability	probability	NOUN
gujaf-163	148	35	0.000157	0.000157	NOUN
gujaf-163	148	36	0.000991	0.000991	NUM
gujaf-163	148	37	0.000654	0.000654	NUM
gujaf-163	148	38	0.000000	0.000000	NUM
gujaf-163	148	39	0.000000	0.000000	NUM
gujaf-163	148	40	0.000000	0.000000	NUM
gujaf-163	148	41	0.000000	0.000000	NUM
gujaf-163	148	42	sum	sum	NOUN
gujaf-163	148	43	855.9000	855.9000	NUM
gujaf-163	148	44	343.6637	343.6637	NUM
gujaf-163	148	45	330.3132	330.3132	NUM
gujaf-163	148	46	64.12000	64.12000	NUM
gujaf-163	148	47	20.72000	20.72000	NUM
gujaf-163	148	48	38.00000	38.00000	NUM
gujaf-163	148	49	47.08000	47.08000	NUM
gujaf-163	148	50	sum	sum	NOUN
gujaf-163	148	51	sq	sq	PROPN
gujaf-163	148	52	.	.	PROPN
gujaf-163	148	53	dev	dev	PROPN
gujaf-163	148	54	.	.	PUNCT
gujaf-163	149	1	4689.017	4689.017	NUM
gujaf-163	150	1	3164.722	3164.722	NUM
gujaf-163	150	2	3022.129	3022.129	NUM
gujaf-163	150	3	817.4972	817.4972	NUM
gujaf-163	150	4	194.7374	194.7374	NUM
gujaf-163	150	5	703.9500	703.9500	NUM
gujaf-163	150	6	776.7398	776.7398	NUM
gujaf-163	150	7	observations	observation	NOUN
gujaf-163	150	8	2000	2000	NUM
gujaf-163	150	9	900	900	NUM
gujaf-163	150	10	900	900	NUM
gujaf-163	150	11	900	900	NUM
gujaf-163	150	12	900	900	NUM
gujaf-163	150	13	900	900	NUM
gujaf-163	150	14	900	900	NUM
gujaf-163	150	15	source	source	NOUN
gujaf-163	150	16	:	:	PUNCT
gujaf-163	150	17	e	e	NOUN
gujaf-163	150	18	-	-	NOUN
gujaf-163	150	19	views	view	NOUN
gujaf-163	150	20	output	output	NOUN
gujaf-163	150	21	,	,	PUNCT
gujaf-163	150	22	2021	2021	NUM
gujaf-163	150	23	the	the	DET
gujaf-163	150	24	results	result	NOUN
gujaf-163	150	25	in	in	ADP
gujaf-163	150	26	this	this	DET
gujaf-163	150	27	table	table	NOUN
gujaf-163	150	28	shows	show	VERB
gujaf-163	150	29	the	the	DET
gujaf-163	150	30	presence	presence	NOUN
gujaf-163	150	31	of	of	ADP
gujaf-163	150	32	skewness	skewness	NOUN
gujaf-163	150	33	and	and	CCONJ
gujaf-163	150	34	leptokursis	leptokursis	NOUN
gujaf-163	150	35	in	in	ADP
gujaf-163	150	36	the	the	DET
gujaf-163	150	37	data	datum	NOUN
gujaf-163	150	38	.	.	PUNCT
gujaf-163	151	1	the	the	DET
gujaf-163	151	2	interbank	interbank	NOUN
gujaf-163	151	3	rates	rate	NOUN
gujaf-163	151	4	are	be	AUX
gujaf-163	151	5	all	all	PRON
gujaf-163	151	6	positively	positively	ADV
gujaf-163	151	7	skewed	skewed	ADJ
gujaf-163	151	8	.however	.however	PUNCT
gujaf-163	151	9	,	,	PUNCT
gujaf-163	151	10	the	the	DET
gujaf-163	151	11	empirical	empirical	ADJ
gujaf-163	151	12	estimates	estimate	NOUN
gujaf-163	151	13	of	of	ADP
gujaf-163	151	14	the	the	DET
gujaf-163	151	15	kurtosis	kurtosis	NOUN
gujaf-163	151	16	of	of	ADP
gujaf-163	151	17	the	the	DET
gujaf-163	151	18	market	market	NOUN
gujaf-163	151	19	rates	rate	NOUN
gujaf-163	151	20	unit	unit	NOUN
gujaf-163	151	21	root	root	NOUN
gujaf-163	151	22	test	test	NOUN
gujaf-163	151	23	at	at	ADP
gujaf-163	151	24	all	all	DET
gujaf-163	151	25	maturity	maturity	NOUN
gujaf-163	151	26	spectrums	spectrum	NOUN
gujaf-163	151	27	show	show	VERB
gujaf-163	151	28	that	that	SCONJ
gujaf-163	151	29	the	the	DET
gujaf-163	151	30	market	market	NOUN
gujaf-163	151	31	rates	rate	NOUN
gujaf-163	151	32	are	be	AUX
gujaf-163	151	33	characterized	characterize	VERB
gujaf-163	151	34	by	by	ADP
gujaf-163	151	35	leptokurtosis	leptokurtosis	PROPN
gujaf-163	151	36	.	.	PUNCT
gujaf-163	152	1	this	this	PRON
gujaf-163	152	2	is	be	AUX
gujaf-163	152	3	evident	evident	ADJ
gujaf-163	152	4	,	,	PUNCT
gujaf-163	152	5	because	because	SCONJ
gujaf-163	152	6	their	their	PRON
gujaf-163	152	7	kurtoses	kurtose	NOUN
gujaf-163	152	8	exceed	exceed	VERB
gujaf-163	152	9	3	3	NUM
gujaf-163	152	10	,	,	PUNCT
gujaf-163	152	11	the	the	DET
gujaf-163	152	12	kurtosis	kurtosis	NOUN
gujaf-163	152	13	of	of	ADP
gujaf-163	152	14	a	a	DET
gujaf-163	152	15	normal	normal	ADJ
gujaf-163	152	16	distribution	distribution	NOUN
gujaf-163	152	17	.	.	PUNCT
gujaf-163	153	1	therefore	therefore	ADV
gujaf-163	153	2	,	,	PUNCT
gujaf-163	153	3	the	the	DET
gujaf-163	153	4	presence	presence	NOUN
gujaf-163	153	5	of	of	ADP
gujaf-163	153	6	skewness	skewness	NOUN
gujaf-163	153	7	and	and	CCONJ
gujaf-163	153	8	kurtosis	kurtosis	NOUN
gujaf-163	153	9	in	in	ADP
gujaf-163	153	10	the	the	DET
gujaf-163	153	11	data	datum	NOUN
gujaf-163	153	12	indicate	indicate	VERB
gujaf-163	153	13	that	that	SCONJ
gujaf-163	153	14	the	the	DET
gujaf-163	153	15	interbank	interbank	NOUN
gujaf-163	153	16	rates	rate	NOUN
gujaf-163	153	17	are	be	AUX
gujaf-163	153	18	not	not	PART
gujaf-163	153	19	normally	normally	ADV
gujaf-163	153	20	distributed	distribute	VERB
gujaf-163	153	21	.	.	PUNCT
gujaf-163	154	1	the	the	DET
gujaf-163	154	2	jarque	jarque	NOUN
gujaf-163	154	3	-	-	PUNCT
gujaf-163	154	4	bera	bera	NOUN
gujaf-163	154	5	test	test	NOUN
gujaf-163	154	6	is	be	AUX
gujaf-163	154	7	in	in	ADP
gujaf-163	154	8	accord	accord	NOUN
gujaf-163	154	9	with	with	ADP
gujaf-163	154	10	this	this	DET
gujaf-163	154	11	finding	finding	NOUN
gujaf-163	154	12	,	,	PUNCT
gujaf-163	154	13	because	because	SCONJ
gujaf-163	154	14	it	it	PRON
gujaf-163	154	15	also	also	ADV
gujaf-163	154	16	rejects	reject	VERB
gujaf-163	154	17	the	the	DET
gujaf-163	154	18	null	null	ADJ
gujaf-163	154	19	hypothesis	hypothesis	NOUN
gujaf-163	154	20	of	of	ADP
gujaf-163	154	21	normal	normal	ADJ
gujaf-163	154	22	distribution	distribution	NOUN
gujaf-163	154	23	even	even	ADV
gujaf-163	154	24	at	at	ADP
gujaf-163	154	25	1	1	NUM
gujaf-163	154	26	%	%	NOUN
gujaf-163	154	27	.	.	PUNCT
gujaf-163	155	1	this	this	PRON
gujaf-163	155	2	suggests	suggest	VERB
gujaf-163	155	3	that	that	SCONJ
gujaf-163	155	4	the	the	DET
gujaf-163	155	5	egarch	egarch	NOUN
gujaf-163	155	6	technique	technique	NOUN
gujaf-163	155	7	is	be	AUX
gujaf-163	155	8	the	the	DET
gujaf-163	155	9	most	most	ADV
gujaf-163	155	10	appropriate	appropriate	ADJ
gujaf-163	155	11	for	for	ADP
gujaf-163	155	12	this	this	DET
gujaf-163	155	13	study	study	NOUN
gujaf-163	155	14	,	,	PUNCT
gujaf-163	155	15	given	give	VERB
gujaf-163	155	16	its	its	PRON
gujaf-163	155	17	ability	ability	NOUN
gujaf-163	155	18	to	to	PART
gujaf-163	155	19	capture	capture	VERB
gujaf-163	155	20	these	these	PRON
gujaf-163	155	21	thereby	thereby	ADV
gujaf-163	155	22	producing	produce	VERB
gujaf-163	155	23	efficient	efficient	ADJ
gujaf-163	155	24	estimates	estimate	NOUN
gujaf-163	155	25	.	.	PUNCT
gujaf-163	156	1	the	the	DET
gujaf-163	156	2	(	(	PUNCT
gujaf-163	156	3	adf	adf	NOUN
gujaf-163	156	4	)	)	PUNCT
gujaf-163	156	5	and	and	CCONJ
gujaf-163	156	6	(	(	PUNCT
gujaf-163	156	7	pp	pp	ADJ
gujaf-163	156	8	)	)	PUNCT
gujaf-163	156	9	tests	test	NOUN
gujaf-163	156	10	of	of	ADP
gujaf-163	156	11	stationarity	stationarity	NOUN
gujaf-163	156	12	is	be	AUX
gujaf-163	156	13	to	to	PART
gujaf-163	156	14	determine	determine	VERB
gujaf-163	156	15	the	the	DET
gujaf-163	156	16	order	order	NOUN
gujaf-163	156	17	of	of	ADP
gujaf-163	156	18	integration	integration	NOUN
gujaf-163	156	19	of	of	ADP
gujaf-163	156	20	the	the	DET
gujaf-163	156	21	variables	variable	NOUN
gujaf-163	156	22	.	.	PUNCT
gujaf-163	157	1	the	the	DET
gujaf-163	157	2	results	result	NOUN
gujaf-163	157	3	in	in	ADP
gujaf-163	157	4	table	table	NOUN
gujaf-163	157	5	2	2	NUM
gujaf-163	157	6	indicate	indicate	VERB
gujaf-163	157	7	that	that	SCONJ
gujaf-163	157	8	the	the	DET
gujaf-163	157	9	call	call	NOUN
gujaf-163	157	10	rate	rate	NOUN
gujaf-163	157	11	,	,	PUNCT
gujaf-163	157	12	7days	7days	NUM
gujaf-163	157	13	rate	rate	NOUN
gujaf-163	157	14	,	,	PUNCT
gujaf-163	157	15	30days	30days	NUM
gujaf-163	157	16	rate	rate	NOUN
gujaf-163	157	17	,	,	PUNCT
gujaf-163	157	18	60days	60days	NUM
gujaf-163	157	19	rate	rate	NOUN
gujaf-163	157	20	,	,	PUNCT
gujaf-163	157	21	90days	90day	NOUN
gujaf-163	157	22	rate	rate	NOUN
gujaf-163	157	23	,	,	PUNCT
gujaf-163	157	24	180days	180days	PROPN
gujaf-163	157	25	rate	rate	NOUN
gujaf-163	157	26	and	and	CCONJ
gujaf-163	157	27	365days	365days	PROPN
gujaf-163	157	28	rate	rate	NOUN
gujaf-163	157	29	are	be	AUX
gujaf-163	157	30	integrated	integrate	VERB
gujaf-163	157	31	of	of	ADP
gujaf-163	157	32	order	order	NOUN
gujaf-163	157	33	zero	zero	NUM
gujaf-163	157	34	(	(	PUNCT
gujaf-163	157	35	i.e.	i.e.	X
gujaf-163	157	36	i	i	X
gujaf-163	157	37	(	(	PUNCT
gujaf-163	157	38	0	0	NUM
gujaf-163	157	39	)	)	PUNCT
gujaf-163	157	40	)	)	PUNCT
gujaf-163	157	41	.	.	PUNCT
gujaf-163	158	1	but	but	CCONJ
gujaf-163	158	2	mpr	mpr	NOUN
gujaf-163	158	3	,	,	PUNCT
gujaf-163	158	4	lr	lr	PROPN
gujaf-163	158	5	,	,	PUNCT
gujaf-163	158	6	crr	crr	PROPN
gujaf-163	158	7	and	and	CCONJ
gujaf-163	158	8	inf	inf	PROPN
gujaf-163	158	9	are	be	AUX
gujaf-163	158	10	found	find	VERB
gujaf-163	158	11	to	to	PART
gujaf-163	158	12	be	be	AUX
gujaf-163	158	13	integrated	integrate	VERB
gujaf-163	158	14	of	of	ADP
gujaf-163	158	15	order	order	NOUN
gujaf-163	158	16	one	one	NUM
gujaf-163	158	17	(	(	PUNCT
gujaf-163	158	18	i.e.	i.e.	X
gujaf-163	158	19	i	i	PRON
gujaf-163	158	20	(	(	PUNCT
gujaf-163	158	21	1	1	NUM
gujaf-163	158	22	)	)	PUNCT
gujaf-163	158	23	)	)	PUNCT
gujaf-163	158	24	.	.	PUNCT
gujaf-163	159	1	these	these	DET
gujaf-163	159	2	findings	finding	NOUN
gujaf-163	159	3	are	be	AUX
gujaf-163	159	4	true	true	ADJ
gujaf-163	159	5	for	for	ADP
gujaf-163	159	6	both	both	PRON
gujaf-163	159	7	adf	adf	NOUN
gujaf-163	159	8	and	and	CCONJ
gujaf-163	159	9	pp	pp	ADP
gujaf-163	159	10	tests	test	NOUN
gujaf-163	159	11	.	.	PUNCT
gujaf-163	160	1	table	table	NOUN
gujaf-163	160	2	2	2	NUM
gujaf-163	160	3	unit	unit	NOUN
gujaf-163	160	4	root	root	NOUN
gujaf-163	160	5	test	test	NOUN
gujaf-163	160	6	result	result	PROPN
gujaf-163	160	7	levels	level	NOUN
gujaf-163	160	8	first	first	ADJ
gujaf-163	160	9	difference	difference	NOUN
gujaf-163	160	10	variable	variable	ADJ
gujaf-163	160	11	adf	adf	PROPN
gujaf-163	160	12	pp	pp	PROPN
gujaf-163	161	1	adf	adf	PROPN
gujaf-163	161	2	pp	pp	PROPN
gujaf-163	161	3	comment	comment	NOUN
gujaf-163	161	4	call	call	NOUN
gujaf-163	161	5	rate	rate	NOUN
gujaf-163	161	6	-6.50635	-6.50635	NOUN
gujaf-163	161	7	-46.50635	-46.50635	PUNCT
gujaf-163	161	8	-6.43235	-6.43235	VERB
gujaf-163	161	9	-21.41477	-21.41477	PUNCT
gujaf-163	161	10	i(0	i(0	NOUN
gujaf-163	161	11	)	)	PUNCT
gujaf-163	161	12	7days	7days	NUM
gujaf-163	161	13	rate	rate	NOUN
gujaf-163	161	14	-9.865326	-9.865326	NOUN
gujaf-163	161	15	-26.59819	-26.59819	PUNCT
gujaf-163	161	16	-27.47759	-27.47759	PUNCT
gujaf-163	161	17	-230.7038	-230.7038	PROPN
gujaf-163	161	18	i(0	i(0	PROPN
gujaf-163	161	19	)	)	PUNCT
gujaf-163	161	20	30days	30days	NUM
gujaf-163	161	21	rate	rate	NOUN
gujaf-163	161	22	-29.94153	-29.94153	NUM
gujaf-163	161	23	-29.94154	-29.94154	PUNCT
gujaf-163	161	24	-29.72224	-29.72224	PUNCT
gujaf-163	161	25	-892.9447	-892.9447	ADJ
gujaf-163	161	26	i(0	i(0	PROPN
gujaf-163	161	27	)	)	PUNCT
gujaf-163	161	28	60days	60days	NUM
gujaf-163	161	29	rate	rate	NOUN
gujaf-163	161	30	-9.423901	-9.423901	NOUN
gujaf-163	161	31	-24.85158	-24.85158	SYM
gujaf-163	161	32	-28.60986	-28.60986	SYM
gujaf-163	161	33	-221.0881	-221.0881	NOUN
gujaf-163	161	34	i(0	i(0	PROPN
gujaf-163	161	35	)	)	PUNCT
gujaf-163	161	36	90days	90day	NOUN
gujaf-163	161	37	rate	rate	NOUN
gujaf-163	161	38	-25.25929	-25.25929	PUNCT
gujaf-163	161	39	-25.3662	-25.3662	PUNCT
gujaf-163	161	40	-31.59427	-31.59427	PUNCT
gujaf-163	161	41	-136.373	-136.373	PROPN
gujaf-163	161	42	i(0	i(0	PROPN
gujaf-163	161	43	)	)	PUNCT
gujaf-163	162	1	180days	180days	PROPN
gujaf-163	162	2	rate	rate	NOUN
gujaf-163	162	3	-0.682366	-0.682366	PROPN
gujaf-163	162	4	-4.682366	-4.682366	PROPN
gujaf-163	162	5	-5.622597	-5.622597	PROPN
gujaf-163	162	6	-4.622597	-4.622597	PROPN
gujaf-163	163	1	i(0	i(0	NOUN
gujaf-163	163	2	)	)	PUNCT
gujaf-163	163	3	gusau	gusau	ADJ
gujaf-163	163	4	journal	journal	NOUN
gujaf-163	163	5	of	of	ADP
gujaf-163	163	6	accounting	accounting	NOUN
gujaf-163	163	7	and	and	CCONJ
gujaf-163	163	8	finance	finance	NOUN
gujaf-163	163	9	,	,	PUNCT
gujaf-163	163	10	vol	vol	NOUN
gujaf-163	163	11	.	.	PUNCT
gujaf-163	163	12	2(3	2(3	NUM
gujaf-163	163	13	)	)	PUNCT
gujaf-163	163	14	,	,	PUNCT
gujaf-163	163	15	april	april	PROPN
gujaf-163	163	16	,	,	PUNCT
gujaf-163	163	17	2021	2021	NUM
gujaf-163	163	18	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	163	19	10	10	NUM
gujaf-163	163	20	360days	360days	PROPN
gujaf-163	163	21	rate	rate	NOUN
gujaf-163	163	22	-27.26394	-27.26394	PUNCT
gujaf-163	163	23	-44.59751	-44.59751	NUM
gujaf-163	163	24	-37.93798	-37.93798	PUNCT
gujaf-163	163	25	-38.33072	-38.33072	VERB
gujaf-163	163	26	i(0	i(0	PROPN
gujaf-163	163	27	)	)	PUNCT
gujaf-163	163	28	mpr	mpr	NOUN
gujaf-163	163	29	-1.219489	-1.219489	NOUN
gujaf-163	163	30	-4.219489	-4.219489	NOUN
gujaf-163	163	31	-47.38687	-47.38687	PUNCT
gujaf-163	163	32	-47.38687	-47.38687	PUNCT
gujaf-163	163	33	i(1	i(1	PROPN
gujaf-163	163	34	)	)	PUNCT
gujaf-163	163	35	lr	lr	PROPN
gujaf-163	163	36	-2.454423	-2.454423	NOUN
gujaf-163	163	37	-2.517286	-2.517286	PROPN
gujaf-163	163	38	-43.21458	-43.21458	PUNCT
gujaf-163	163	39	-49.59656	-49.59656	PUNCT
gujaf-163	163	40	i(1	i(1	PROPN
gujaf-163	163	41	)	)	PUNCT
gujaf-163	163	42	crr	crr	PROPN
gujaf-163	163	43	-0.898177	-0.898177	PROPN
gujaf-163	163	44	-0.898177	-0.898177	PROPN
gujaf-163	163	45	-47.38574	-47.38574	NUM
gujaf-163	163	46	-47.38574	-47.38574	NUM
gujaf-163	163	47	i(1	i(1	PROPN
gujaf-163	163	48	)	)	PUNCT
gujaf-163	163	49	inf	inf	NOUN
gujaf-163	163	50	-21.05086	-21.05086	SYM
gujaf-163	163	51	-15.46069	-15.46069	PUNCT
gujaf-163	163	52	-47.36032	-47.36032	NUM
gujaf-163	163	53	-560.0081	-560.0081	PROPN
gujaf-163	163	54	i(1	i(1	PROPN
gujaf-163	163	55	)	)	PUNCT
gujaf-163	163	56	source	source	NOUN
gujaf-163	163	57	:	:	PUNCT
gujaf-163	163	58	e	e	NOUN
gujaf-163	163	59	-	-	NOUN
gujaf-163	163	60	views	view	NOUN
gujaf-163	163	61	output	output	NOUN
gujaf-163	163	62	,	,	PUNCT
gujaf-163	163	63	2021	2021	NUM
gujaf-163	163	64	4.2.4	4.2.4	NUM
gujaf-163	163	65	egarch	egarch	NOUN
gujaf-163	163	66	model	model	NOUN
gujaf-163	163	67	result	result	NOUN
gujaf-163	163	68	table	table	NOUN
gujaf-163	163	69	3	3	NUM
gujaf-163	163	70	egarch	egarch	NOUN
gujaf-163	163	71	estimation	estimation	NOUN
gujaf-163	163	72	:	:	PUNCT
gujaf-163	163	73	conditional	conditional	ADJ
gujaf-163	163	74	mean	mean	NOUN
gujaf-163	163	75	equation	equation	NOUN
gujaf-163	163	76	source	source	NOUN
gujaf-163	163	77	:	:	PUNCT
gujaf-163	163	78	e	e	NOUN
gujaf-163	163	79	-	-	NOUN
gujaf-163	163	80	views	view	NOUN
gujaf-163	163	81	output	output	NOUN
gujaf-163	163	82	,	,	PUNCT
gujaf-163	163	83	2021	2021	NUM
gujaf-163	163	84	note	note	VERB
gujaf-163	163	85	:	:	PUNCT
gujaf-163	163	86	the	the	DET
gujaf-163	163	87	italicize	italicize	NOUN
gujaf-163	163	88	d	d	NOUN
gujaf-163	163	89	values	value	NOUN
gujaf-163	163	90	in	in	ADP
gujaf-163	163	91	parenth	parenth	ADJ
gujaf-163	163	92	eses	ese	NOUN
gujaf-163	163	93	are	be	AUX
gujaf-163	163	94	the	the	DET
gujaf-163	163	95	z	z	NOUN
gujaf-163	163	96	statistic	statistic	NOUN
gujaf-163	163	97	and	and	CCONJ
gujaf-163	163	98	probabil	probabil	PROPN
gujaf-163	163	99	ity	ity	PROPN
gujaf-163	163	100	values	value	NOUN
gujaf-163	163	101	*	*	PUNCT
gujaf-163	163	102	(	(	PUNCT
gujaf-163	163	103	*	*	PUNCT
gujaf-163	163	104	*	*	PUNCT
gujaf-163	163	105	)	)	PUNCT
gujaf-163	163	106	indicate	indicate	VERB
gujaf-163	163	107	s	s	PROPN
gujaf-163	163	108	significa	significa	PROPN
gujaf-163	163	109	nce	nce	NOUN
gujaf-163	163	110	at	at	ADP
gujaf-163	163	111	5	5	NUM
gujaf-163	163	112	%	%	NOUN
gujaf-163	163	113	(	(	PUNCT
gujaf-163	163	114	10	10	NUM
gujaf-163	163	115	%	%	NOUN
gujaf-163	163	116	)	)	PUNCT
gujaf-163	163	117	c	c	PROPN
gujaf-163	163	118	r(-1	r(-1	PROPN
gujaf-163	163	119	)	)	PUNCT
gujaf-163	163	120	d(mpr	d(mpr	PROPN
gujaf-163	163	121	)	)	PUNCT
gujaf-163	163	122	d(lr	d(lr	PROPN
gujaf-163	163	123	)	)	PUNCT
gujaf-163	163	124	d(crrr	d(crrr	NOUN
gujaf-163	163	125	)	)	PUNCT
gujaf-163	163	126	d(inflation	d(inflation	NOUN
gujaf-163	163	127	)	)	PUNCT
gujaf-163	163	128	call	call	NOUN
gujaf-163	163	129	rate	rate	NOUN
gujaf-163	163	130	0.769848	0.769848	NUM
gujaf-163	163	131	(	(	PUNCT
gujaf-163	163	132	0.154032	0.154032	NUM
gujaf-163	163	133	)	)	PUNCT
gujaf-163	164	1	[	[	X
gujaf-163	164	2	0.0000	0.0000	NUM
gujaf-163	164	3	]	]	X
gujaf-163	164	4	1.346511	1.346511	NUM
gujaf-163	164	5	(	(	PUNCT
gujaf-163	164	6	21.08638	21.08638	NUM
gujaf-163	164	7	)	)	PUNCT
gujaf-163	165	1	[	[	X
gujaf-163	165	2	0.0000	0.0000	NUM
gujaf-163	165	3	)	)	PUNCT
gujaf-163	165	4	]	]	PUNCT
gujaf-163	166	1	0.009655	0.009655	NUM
gujaf-163	166	2	(	(	PUNCT
gujaf-163	166	3	0.425098	0.425098	NUM
gujaf-163	166	4	)	)	PUNCT
gujaf-163	166	5	[	[	X
gujaf-163	166	6	0.0000	0.0000	NUM
gujaf-163	166	7	]	]	X
gujaf-163	166	8	-0.265587	-0.265587	PROPN
gujaf-163	166	9	(	(	PUNCT
gujaf-163	166	10	0.181517	0.181517	NUM
gujaf-163	166	11	)	)	PUNCT
gujaf-163	167	1	[	[	X
gujaf-163	167	2	0.0000	0.0000	NUM
gujaf-163	167	3	]	]	X
gujaf-163	167	4	0.058491	0.058491	NUM
gujaf-163	167	5	(	(	PUNCT
gujaf-163	167	6	12.11863	12.11863	NUM
gujaf-163	167	7	)	)	PUNCT
gujaf-163	168	1	[	[	X
gujaf-163	168	2	0.0000	0.0000	NUM
gujaf-163	168	3	]	]	X
gujaf-163	168	4	0.000549	0.000549	NUM
gujaf-163	168	5	(	(	PUNCT
gujaf-163	168	6	1.022129	1.022129	NUM
gujaf-163	168	7	)	)	PUNCT
gujaf-163	169	1	[	[	X
gujaf-163	169	2	0.3067	0.3067	NUM
gujaf-163	169	3	]	]	SYM
gujaf-163	169	4	7days	7days	NUM
gujaf-163	169	5	rate	rate	NOUN
gujaf-163	169	6	-2.306483	-2.306483	PROPN
gujaf-163	169	7	(	(	PUNCT
gujaf-163	169	8	476.9658	476.9658	NUM
gujaf-163	169	9	)	)	PUNCT
gujaf-163	169	10	[	[	X
gujaf-163	169	11	0.0000	0.0000	NUM
gujaf-163	169	12	]	]	SYM
gujaf-163	169	13	1.988584	1.988584	NUM
gujaf-163	169	14	(	(	PUNCT
gujaf-163	169	15	10.75341	10.75341	NUM
gujaf-163	169	16	)	)	PUNCT
gujaf-163	170	1	[	[	X
gujaf-163	170	2	0.0000	0.0000	NUM
gujaf-163	170	3	]	]	SYM
gujaf-163	170	4	0.725537	0.725537	NUM
gujaf-163	170	5	(	(	PUNCT
gujaf-163	170	6	2.940645	2.940645	NUM
gujaf-163	170	7	)	)	PUNCT
gujaf-163	171	1	[	[	X
gujaf-163	171	2	0.0000	0.0000	NUM
gujaf-163	171	3	]	]	X
gujaf-163	171	4	-7.394175	-7.394175	PUNCT
gujaf-163	171	5	(	(	PUNCT
gujaf-163	171	6	4.536517	4.536517	NUM
gujaf-163	171	7	)	)	PUNCT
gujaf-163	172	1	[	[	X
gujaf-163	172	2	0.0000	0.0000	NUM
gujaf-163	172	3	]	]	X
gujaf-163	172	4	0.004621	0.004621	NUM
gujaf-163	172	5	(	(	PUNCT
gujaf-163	172	6	4.148673	4.148673	NUM
gujaf-163	172	7	)	)	PUNCT
gujaf-163	173	1	[	[	X
gujaf-163	173	2	0.0000	0.0000	NUM
gujaf-163	173	3	]	]	X
gujaf-163	173	4	0.059929	0.059929	NUM
gujaf-163	173	5	(	(	PUNCT
gujaf-163	173	6	-30.12268	-30.12268	PUNCT
gujaf-163	173	7	)	)	PUNCT
gujaf-163	174	1	[	[	X
gujaf-163	174	2	0.0000	0.0000	NUM
gujaf-163	174	3	]	]	PUNCT
gujaf-163	174	4	30days	30days	NUM
gujaf-163	174	5	rate	rate	NOUN
gujaf-163	174	6	1.132.835	1.132.835	NUM
gujaf-163	174	7	(	(	PUNCT
gujaf-163	174	8	26.39465	26.39465	NUM
gujaf-163	174	9	)	)	PUNCT
gujaf-163	175	1	[	[	X
gujaf-163	175	2	0.0000	0.0000	NUM
gujaf-163	175	3	]	]	SYM
gujaf-163	175	4	0.516169	0.516169	NUM
gujaf-163	175	5	(	(	PUNCT
gujaf-163	175	6	1.470100	1.470100	NUM
gujaf-163	175	7	)	)	PUNCT
gujaf-163	176	1	[	[	X
gujaf-163	176	2	0.1415	0.1415	X
gujaf-163	176	3	]	]	X
gujaf-163	176	4	1.905964	1.905964	NUM
gujaf-163	176	5	(	(	PUNCT
gujaf-163	176	6	20.51193	20.51193	NUM
gujaf-163	176	7	)	)	PUNCT
gujaf-163	177	1	[	[	X
gujaf-163	177	2	0.0000	0.0000	NUM
gujaf-163	177	3	]	]	X
gujaf-163	177	4	-3.6.91556	-3.6.91556	X
gujaf-163	177	5	(	(	PUNCT
gujaf-163	177	6	25.86555	25.86555	NUM
gujaf-163	177	7	)	)	PUNCT
gujaf-163	178	1	[	[	X
gujaf-163	178	2	0.0000	0.0000	NUM
gujaf-163	178	3	]	]	X
gujaf-163	178	4	0.162177	0.162177	NUM
gujaf-163	178	5	(	(	PUNCT
gujaf-163	178	6	26.77810	26.77810	NUM
gujaf-163	178	7	)	)	PUNCT
gujaf-163	178	8	[	[	X
gujaf-163	178	9	0.0000	0.0000	NUM
gujaf-163	178	10	]	]	X
gujaf-163	178	11	-0.000863	-0.000863	NOUN
gujaf-163	178	12	(	(	PUNCT
gujaf-163	178	13	-1.105333	-1.105333	NOUN
gujaf-163	178	14	)	)	PUNCT
gujaf-163	179	1	[	[	X
gujaf-163	179	2	0.2690	0.2690	NUM
gujaf-163	179	3	]	]	PUNCT
gujaf-163	179	4	60days	60days	NUM
gujaf-163	179	5	rate	rate	NOUN
gujaf-163	179	6	-2.274178	-2.274178	PROPN
gujaf-163	179	7	(	(	PUNCT
gujaf-163	179	8	5.757417	5.757417	NUM
gujaf-163	179	9	)	)	PUNCT
gujaf-163	180	1	[	[	X
gujaf-163	180	2	0.0000	0.0000	NUM
gujaf-163	180	3	]	]	X
gujaf-163	180	4	1.613613	1.613613	NUM
gujaf-163	180	5	(	(	PUNCT
gujaf-163	180	6	16.25433	16.25433	NUM
gujaf-163	180	7	)	)	PUNCT
gujaf-163	181	1	[	[	X
gujaf-163	181	2	0.0000	0.0000	NUM
gujaf-163	181	3	]	]	X
gujaf-163	181	4	0.523646	0.523646	NUM
gujaf-163	181	5	(	(	PUNCT
gujaf-163	181	6	5.593037	5.593037	NUM
gujaf-163	181	7	)	)	PUNCT
gujaf-163	181	8	[	[	X
gujaf-163	181	9	0.0000	0.0000	NUM
gujaf-163	181	10	]	]	X
gujaf-163	181	11	-7.920632	-7.920632	NOUN
gujaf-163	181	12	(	(	PUNCT
gujaf-163	181	13	5116.092	5116.092	NUM
gujaf-163	181	14	)	)	PUNCT
gujaf-163	181	15	[	[	X
gujaf-163	181	16	0.0000	0.0000	NUM
gujaf-163	181	17	]	]	PUNCT
gujaf-163	181	18	-0.154785	-0.154785	X
gujaf-163	181	19	(	(	PUNCT
gujaf-163	181	20	3.115876	3.115876	NUM
gujaf-163	181	21	)	)	PUNCT
gujaf-163	182	1	[	[	X
gujaf-163	182	2	0.0000	0.0000	NUM
gujaf-163	182	3	]	]	PUNCT
gujaf-163	182	4	-0.009746	-0.009746	X
gujaf-163	182	5	(	(	PUNCT
gujaf-163	182	6	-8.897923	-8.897923	NOUN
gujaf-163	182	7	)	)	PUNCT
gujaf-163	183	1	[	[	X
gujaf-163	183	2	0.0000	0.0000	NUM
gujaf-163	183	3	]	]	PUNCT
gujaf-163	183	4	90days	90day	NOUN
gujaf-163	183	5	rate	rate	NOUN
gujaf-163	183	6	-5.274598	-5.274598	NOUN
gujaf-163	183	7	(	(	PUNCT
gujaf-163	183	8	17.73624	17.73624	NUM
gujaf-163	183	9	)	)	PUNCT
gujaf-163	184	1	[	[	X
gujaf-163	184	2	0.0000	0.0000	NUM
gujaf-163	184	3	]	]	X
gujaf-163	184	4	1.384722	1.384722	NUM
gujaf-163	184	5	(	(	PUNCT
gujaf-163	184	6	17.83671	17.83671	NUM
gujaf-163	184	7	)	)	PUNCT
gujaf-163	185	1	[	[	X
gujaf-163	185	2	0.0000	0.0000	NUM
gujaf-163	185	3	]	]	X
gujaf-163	185	4	0.092186	0.092186	NUM
gujaf-163	185	5	(	(	PUNCT
gujaf-163	185	6	31.78786	31.78786	NUM
gujaf-163	185	7	)	)	PUNCT
gujaf-163	186	1	[	[	X
gujaf-163	186	2	0.0000	0.0000	NUM
gujaf-163	186	3	]	]	X
gujaf-163	186	4	-1.803834	-1.803834	NOUN
gujaf-163	186	5	(	(	PUNCT
gujaf-163	186	6	18.20651	18.20651	NUM
gujaf-163	186	7	)	)	PUNCT
gujaf-163	187	1	[	[	X
gujaf-163	187	2	0.0000	0.0000	NUM
gujaf-163	187	3	]	]	PUNCT
gujaf-163	187	4	0.013285	0.013285	NUM
gujaf-163	187	5	(	(	PUNCT
gujaf-163	187	6	87.02446	87.02446	NUM
gujaf-163	187	7	)	)	PUNCT
gujaf-163	188	1	[	[	X
gujaf-163	188	2	0.0000	0.0000	NUM
gujaf-163	188	3	]	]	X
gujaf-163	188	4	-0.013945	-0.013945	PROPN
gujaf-163	188	5	(	(	PUNCT
gujaf-163	188	6	-10.13487	-10.13487	PUNCT
gujaf-163	188	7	)	)	PUNCT
gujaf-163	189	1	[	[	X
gujaf-163	189	2	0.0000	0.0000	NUM
gujaf-163	189	3	]	]	PUNCT
gujaf-163	189	4	180days	180days	PROPN
gujaf-163	189	5	rate	rate	VERB
gujaf-163	189	6	16.64951	16.64951	NUM
gujaf-163	189	7	(	(	PUNCT
gujaf-163	189	8	10.81456	10.81456	NUM
gujaf-163	189	9	)	)	PUNCT
gujaf-163	190	1	[	[	X
gujaf-163	190	2	0.0000	0.0000	NUM
gujaf-163	190	3	]	]	X
gujaf-163	190	4	2.307276	2.307276	NUM
gujaf-163	190	5	(	(	PUNCT
gujaf-163	190	6	12.33353	12.33353	NUM
gujaf-163	190	7	)	)	PUNCT
gujaf-163	191	1	[	[	X
gujaf-163	191	2	0.0000	0.0000	NUM
gujaf-163	191	3	]	]	X
gujaf-163	191	4	0.155843	0.155843	NUM
gujaf-163	191	5	(	(	PUNCT
gujaf-163	191	6	92.01613	92.01613	NUM
gujaf-163	191	7	)	)	PUNCT
gujaf-163	192	1	[	[	X
gujaf-163	192	2	0.0000	0.0000	NUM
gujaf-163	192	3	]	]	PUNCT
gujaf-163	192	4	-0.489790	-0.489790	NOUN
gujaf-163	192	5	(	(	PUNCT
gujaf-163	192	6	59.50191	59.50191	NUM
gujaf-163	192	7	)	)	PUNCT
gujaf-163	193	1	[	[	X
gujaf-163	193	2	0.0000	0.0000	NUM
gujaf-163	193	3	]	]	X
gujaf-163	193	4	0.001222	0.001222	NUM
gujaf-163	193	5	(	(	PUNCT
gujaf-163	193	6	29.17777	29.17777	NUM
gujaf-163	193	7	)	)	PUNCT
gujaf-163	194	1	[	[	X
gujaf-163	194	2	0.0000	0.0000	NUM
gujaf-163	194	3	]	]	X
gujaf-163	194	4	0.000150	0.000150	NUM
gujaf-163	194	5	(	(	PUNCT
gujaf-163	194	6	-20.03962	-20.03962	PUNCT
gujaf-163	194	7	)	)	PUNCT
gujaf-163	194	8	[	[	X
gujaf-163	194	9	0.0000	0.0000	NUM
gujaf-163	194	10	]	]	PUNCT
gujaf-163	194	11	360days	360days	PROPN
gujaf-163	194	12	rate	rate	VERB
gujaf-163	194	13	2.677338	2.677338	NUM
gujaf-163	194	14	(	(	PUNCT
gujaf-163	194	15	13.75440	13.75440	NUM
gujaf-163	194	16	)	)	PUNCT
gujaf-163	195	1	[	[	X
gujaf-163	195	2	0.0000	0.0000	NUM
gujaf-163	195	3	]	]	X
gujaf-163	195	4	2.923651	2.923651	NUM
gujaf-163	195	5	(	(	PUNCT
gujaf-163	195	6	11.31130	11.31130	NUM
gujaf-163	195	7	)	)	PUNCT
gujaf-163	196	1	[	[	X
gujaf-163	196	2	0.0000	0.0000	NUM
gujaf-163	196	3	]	]	X
gujaf-163	196	4	0.078963	0.078963	NUM
gujaf-163	196	5	(	(	PUNCT
gujaf-163	196	6	48.71136	48.71136	NUM
gujaf-163	196	7	)	)	PUNCT
gujaf-163	197	1	[	[	X
gujaf-163	197	2	0.0000	0.0000	NUM
gujaf-163	197	3	]	]	PUNCT
gujaf-163	197	4	-0.851992	-0.851992	NOUN
gujaf-163	197	5	(	(	PUNCT
gujaf-163	197	6	13.28410	13.28410	NUM
gujaf-163	197	7	)	)	PUNCT
gujaf-163	198	1	[	[	X
gujaf-163	198	2	0.0000	0.0000	NUM
gujaf-163	198	3	]	]	X
gujaf-163	198	4	0.008344	0.008344	NUM
gujaf-163	198	5	(	(	PUNCT
gujaf-163	198	6	98,.28015	98,.28015	NUM
gujaf-163	198	7	)	)	PUNCT
gujaf-163	199	1	[	[	X
gujaf-163	199	2	0.0000	0.0000	NUM
gujaf-163	199	3	]	]	X
gujaf-163	199	4	6.80e-05	6.80e-05	NUM
gujaf-163	199	5	(	(	PUNCT
gujaf-163	199	6	-74.75041	-74.75041	NUM
gujaf-163	199	7	)	)	PUNCT
gujaf-163	199	8	[	[	X
gujaf-163	199	9	0.0000	0.0000	NUM
gujaf-163	199	10	]	]	PUNCT
gujaf-163	199	11	gusau	gusau	ADJ
gujaf-163	199	12	journal	journal	NOUN
gujaf-163	199	13	of	of	ADP
gujaf-163	199	14	accounting	accounting	NOUN
gujaf-163	199	15	and	and	CCONJ
gujaf-163	199	16	finance	finance	NOUN
gujaf-163	199	17	,	,	PUNCT
gujaf-163	199	18	vol	vol	NOUN
gujaf-163	199	19	.	.	PUNCT
gujaf-163	199	20	2(3	2(3	NUM
gujaf-163	199	21	)	)	PUNCT
gujaf-163	199	22	,	,	PUNCT
gujaf-163	199	23	april	april	PROPN
gujaf-163	199	24	,	,	PUNCT
gujaf-163	199	25	2021	2021	NUM
gujaf-163	199	26	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	199	27	11	11	NUM
gujaf-163	199	28	this	this	DET
gujaf-163	199	29	section	section	NOUN
gujaf-163	199	30	estimat	estimat	NOUN
gujaf-163	199	31	es	es	NOUN
gujaf-163	199	32	and	and	CCONJ
gujaf-163	199	33	reports	report	VERB
gujaf-163	199	34	the	the	DET
gujaf-163	199	35	egarch	egarch	NOUN
gujaf-163	199	36	model	model	NOUN
gujaf-163	199	37	of	of	ADP
gujaf-163	199	38	equations	equation	NOUN
gujaf-163	199	39	(	(	PUNCT
gujaf-163	199	40	5	5	NUM
gujaf-163	199	41	)	)	PUNCT
gujaf-163	199	42	and	and	CCONJ
gujaf-163	199	43	(	(	PUNCT
gujaf-163	199	44	6	6	X
gujaf-163	199	45	)	)	PUNCT
gujaf-163	199	46	previously	previously	ADV
gujaf-163	199	47	provided	provide	VERB
gujaf-163	199	48	in	in	ADP
gujaf-163	199	49	chapter	chapter	NOUN
gujaf-163	199	50	three	three	NUM
gujaf-163	199	51	,	,	PUNCT
gujaf-163	199	52	after	after	ADP
gujaf-163	199	53	determining	determine	VERB
gujaf-163	199	54	the	the	DET
gujaf-163	199	55	distribution	distribution	NOUN
gujaf-163	199	56	and	and	CCONJ
gujaf-163	199	57	order	order	NOUN
gujaf-163	199	58	of	of	ADP
gujaf-163	199	59	integration	integration	NOUN
gujaf-163	199	60	of	of	ADP
gujaf-163	199	61	the	the	DET
gujaf-163	199	62	variables	variable	NOUN
gujaf-163	199	63	.	.	PUNCT
gujaf-163	200	1	egarch	egarch	NOUN
gujaf-163	200	2	(	(	PUNCT
gujaf-163	200	3	1	1	NUM
gujaf-163	200	4	,	,	PUNCT
gujaf-163	200	5	1	1	NUM
gujaf-163	200	6	)	)	PUNCT
gujaf-163	200	7	,	,	PUNCT
gujaf-163	200	8	(	(	PUNCT
gujaf-163	200	9	3	3	NUM
gujaf-163	200	10	,	,	PUNCT
gujaf-163	200	11	3	3	NUM
gujaf-163	200	12	)	)	PUNCT
gujaf-163	200	13	,	,	PUNCT
gujaf-163	200	14	(	(	PUNCT
gujaf-163	200	15	2	2	NUM
gujaf-163	200	16	,	,	PUNCT
gujaf-163	200	17	2	2	NUM
gujaf-163	200	18	)	)	PUNCT
gujaf-163	200	19	,	,	PUNCT
gujaf-163	200	20	(	(	PUNCT
gujaf-163	200	21	3	3	NUM
gujaf-163	200	22	,	,	PUNCT
gujaf-163	200	23	3	3	NUM
gujaf-163	200	24	)	)	PUNCT
gujaf-163	200	25	,	,	PUNCT
gujaf-163	200	26	(	(	PUNCT
gujaf-163	200	27	2	2	NUM
gujaf-163	200	28	,	,	PUNCT
gujaf-163	200	29	2	2	NUM
gujaf-163	200	30	)	)	PUNCT
gujaf-163	200	31	,	,	PUNCT
gujaf-163	200	32	and	and	CCONJ
gujaf-163	200	33	(	(	PUNCT
gujaf-163	200	34	1	1	NUM
gujaf-163	200	35	,	,	PUNCT
gujaf-163	200	36	1	1	NUM
gujaf-163	200	37	)	)	PUNCT
gujaf-163	200	38	were	be	AUX
gujaf-163	200	39	determined	determine	VERB
gujaf-163	200	40	to	to	PART
gujaf-163	200	41	be	be	AUX
gujaf-163	200	42	appropriate	appropriate	ADJ
gujaf-163	200	43	for	for	ADP
gujaf-163	200	44	call	call	NOUN
gujaf-163	200	45	rate	rate	NOUN
gujaf-163	200	46	,	,	PUNCT
gujaf-163	200	47	7days	7days	NUM
gujaf-163	200	48	rate	rate	NOUN
gujaf-163	200	49	,	,	PUNCT
gujaf-163	200	50	30days	30days	NUM
gujaf-163	200	51	rate	rate	NOUN
gujaf-163	200	52	,	,	PUNCT
gujaf-163	200	53	60days	60days	NUM
gujaf-163	200	54	rate	rate	NOUN
gujaf-163	200	55	,	,	PUNCT
gujaf-163	200	56	90days	90day	NOUN
gujaf-163	200	57	rate	rate	NOUN
gujaf-163	200	58	,	,	PUNCT
gujaf-163	200	59	180days	180days	NUM
gujaf-163	200	60	rate	rate	NOUN
gujaf-163	200	61	,	,	PUNCT
gujaf-163	200	62	and	and	CCONJ
gujaf-163	200	63	365days	365days	NUM
gujaf-163	200	64	rate	rate	NOUN
gujaf-163	200	65	,	,	PUNCT
gujaf-163	200	66	respectively	respectively	ADV
gujaf-163	200	67	.	.	PUNCT
gujaf-163	201	1	these	these	PRON
gujaf-163	201	2	are	be	AUX
gujaf-163	201	3	picked	pick	VERB
gujaf-163	201	4	based	base	VERB
gujaf-163	201	5	on	on	ADP
gujaf-163	201	6	the	the	DET
gujaf-163	201	7	model	model	NOUN
gujaf-163	201	8	selection	selection	NOUN
gujaf-163	201	9	criteria	criterion	NOUN
gujaf-163	201	10	that	that	PRON
gujaf-163	201	11	have	have	AUX
gujaf-163	201	12	been	be	AUX
gujaf-163	201	13	set	set	VERB
gujaf-163	201	14	.	.	PUNCT
gujaf-163	202	1	the	the	DET
gujaf-163	202	2	arch	arch	ADJ
gujaf-163	202	3	-	-	PUNCT
gujaf-163	202	4	lm	lm	NOUN
gujaf-163	202	5	diagnostic	diagnostic	ADJ
gujaf-163	202	6	robustness	robustness	NOUN
gujaf-163	202	7	test	test	NOUN
gujaf-163	202	8	was	be	AUX
gujaf-163	202	9	used	use	VERB
gujaf-163	202	10	by	by	ADP
gujaf-163	202	11	dimitrios	dimitrio	NOUN
gujaf-163	202	12	and	and	CCONJ
gujaf-163	202	13	stephen	stephen	NOUN
gujaf-163	202	14	(	(	PUNCT
gujaf-163	202	15	2007	2007	NUM
gujaf-163	202	16	)	)	PUNCT
gujaf-163	202	17	to	to	PART
gujaf-163	202	18	further	far	ADV
gujaf-163	202	19	determine	determine	VERB
gujaf-163	202	20	the	the	DET
gujaf-163	202	21	models	model	NOUN
gujaf-163	202	22	'	'	PART
gujaf-163	202	23	suitability.from	suitability.from	NUM
gujaf-163	202	24	table	table	NOUN
gujaf-163	202	25	3	3	NUM
gujaf-163	202	26	the	the	DET
gujaf-163	202	27	results	result	NOUN
gujaf-163	202	28	indicate	indicate	VERB
gujaf-163	202	29	that	that	SCONJ
gujaf-163	202	30	there	there	PRON
gujaf-163	202	31	are	be	VERB
gujaf-163	202	32	no	no	DET
gujaf-163	202	33	extra	extra	ADJ
gujaf-163	202	34	arch	arch	ADJ
gujaf-163	202	35	effects	effect	NOUN
gujaf-163	202	36	;	;	PUNCT
gujaf-163	202	37	hence	hence	ADV
gujaf-163	202	38	the	the	DET
gujaf-163	202	39	models	model	NOUN
gujaf-163	202	40	are	be	AUX
gujaf-163	202	41	correctly	correctly	ADV
gujaf-163	202	42	specified	specify	VERB
gujaf-163	202	43	.	.	PUNCT
gujaf-163	203	1	the	the	DET
gujaf-163	203	2	estimates	estimate	NOUN
gujaf-163	203	3	of	of	ADP
gujaf-163	203	4	the	the	DET
gujaf-163	203	5	results	result	NOUN
gujaf-163	203	6	are	be	AUX
gujaf-163	203	7	reported	report	VERB
gujaf-163	203	8	in	in	ADP
gujaf-163	203	9	table	table	NOUN
gujaf-163	203	10	3	3	NUM
gujaf-163	203	11	and	and	CCONJ
gujaf-163	203	12	4	4	NUM
gujaf-163	203	13	for	for	ADP
gujaf-163	203	14	brevity	brevity	NOUN
gujaf-163	203	15	,	,	PUNCT
gujaf-163	203	16	only	only	ADV
gujaf-163	203	17	the	the	DET
gujaf-163	203	18	communication	communication	NOUN
gujaf-163	203	19	signal	signal	NOUN
gujaf-163	203	20	parameter	parameter	NOUN
gujaf-163	203	21	is	be	AUX
gujaf-163	203	22	reported	report	VERB
gujaf-163	203	23	in	in	ADP
gujaf-163	203	24	the	the	DET
gujaf-163	203	25	conditional	conditional	ADJ
gujaf-163	203	26	variance	variance	NOUN
gujaf-163	203	27	equation	equation	NOUN
gujaf-163	203	28	.	.	PUNCT
gujaf-163	204	1	table	table	NOUN
gujaf-163	204	2	4	4	NUM
gujaf-163	204	3	:	:	PUNCT
gujaf-163	204	4	egarch	egarch	NOUN
gujaf-163	204	5	estimates	estimate	NOUN
gujaf-163	204	6	(	(	PUNCT
gujaf-163	204	7	conditional	conditional	ADJ
gujaf-163	204	8	variance	variance	NOUN
gujaf-163	204	9	equation	equation	NOUN
gujaf-163	204	10	)	)	PUNCT
gujaf-163	204	11	call	call	NOUN
gujaf-163	204	12	rate	rate	NOUN
gujaf-163	204	13	7days	7days	NUM
gujaf-163	204	14	rate	rate	NOUN
gujaf-163	204	15	30days	30days	NUM
gujaf-163	204	16	rate	rate	NOUN
gujaf-163	204	17	60days	60days	NUM
gujaf-163	204	18	rate	rate	NOUN
gujaf-163	204	19	90days	90day	NOUN
gujaf-163	204	20	rate	rate	NOUN
gujaf-163	204	21	180days	180days	PROPN
gujaf-163	204	22	rate	rate	NOUN
gujaf-163	204	23	360days	360days	PROPN
gujaf-163	204	24	rate	rate	NOUN
gujaf-163	204	25	d(mpc	d(mpc	PROPN
gujaf-163	204	26	dummy	dummy	NOUN
gujaf-163	204	27	)	)	PUNCT
gujaf-163	204	28	-0.126311	-0.126311	NOUN
gujaf-163	204	29	(	(	PUNCT
gujaf-163	204	30	1.661178	1.661178	NUM
gujaf-163	204	31	)	)	PUNCT
gujaf-163	205	1	[	[	X
gujaf-163	205	2	0.0000	0.0000	NUM
gujaf-163	205	3	]	]	PUNCT
gujaf-163	205	4	-0.922251	-0.922251	X
gujaf-163	205	5	(	(	PUNCT
gujaf-163	205	6	1.558066	1.558066	NUM
gujaf-163	205	7	)	)	PUNCT
gujaf-163	206	1	[	[	X
gujaf-163	206	2	0.0000	0.0000	NUM
gujaf-163	206	3	]	]	SYM
gujaf-163	206	4	-0.565465	-0.565465	NOUN
gujaf-163	206	5	(	(	PUNCT
gujaf-163	206	6	0.370580	0.370580	NUM
gujaf-163	206	7	)	)	PUNCT
gujaf-163	207	1	[	[	X
gujaf-163	207	2	0.0007	0.0007	NUM
gujaf-163	207	3	]	]	PUNCT
gujaf-163	207	4	-0.039193	-0.039193	X
gujaf-163	207	5	(	(	PUNCT
gujaf-163	207	6	-0.058756	-0.058756	PROPN
gujaf-163	207	7	)	)	PUNCT
gujaf-163	208	1	[	[	X
gujaf-163	208	2	0.00001	0.00001	NUM
gujaf-163	208	3	]	]	X
gujaf-163	208	4	-1.001854	-1.001854	X
gujaf-163	208	5	(	(	PUNCT
gujaf-163	208	6	1.373263	1.373263	NUM
gujaf-163	208	7	)	)	PUNCT
gujaf-163	208	8	[	[	X
gujaf-163	208	9	0.0000	0.0000	NUM
gujaf-163	208	10	]	]	X
gujaf-163	208	11	-0.828566	-0.828566	X
gujaf-163	208	12	(	(	PUNCT
gujaf-163	208	13	1.596626	1.596626	NUM
gujaf-163	208	14	)	)	PUNCT
gujaf-163	209	1	[	[	X
gujaf-163	209	2	0.0003	0.0003	NUM
gujaf-163	209	3	]	]	PUNCT
gujaf-163	209	4	-0.088178	-0.088178	NOUN
gujaf-163	209	5	(	(	PUNCT
gujaf-163	209	6	0.037664	0.037664	NUM
gujaf-163	209	7	)	)	PUNCT
gujaf-163	209	8	[	[	X
gujaf-163	209	9	0.0000	0.0000	NUM
gujaf-163	209	10	]	]	PUNCT
gujaf-163	209	11	source	source	NOUN
gujaf-163	209	12	:	:	PUNCT
gujaf-163	209	13	e	e	NOUN
gujaf-163	209	14	-	-	NOUN
gujaf-163	209	15	views	view	NOUN
gujaf-163	209	16	output	output	NOUN
gujaf-163	209	17	,	,	PUNCT
gujaf-163	209	18	2021	2021	NUM
gujaf-163	209	19	note	note	NOUN
gujaf-163	209	20	:	:	PUNCT
gujaf-163	209	21	the	the	DET
gujaf-163	209	22	italicized	italicize	VERB
gujaf-163	209	23	values	value	NOUN
gujaf-163	209	24	in	in	ADP
gujaf-163	209	25	parentheses	parenthesis	NOUN
gujaf-163	209	26	are	be	AUX
gujaf-163	209	27	the	the	DET
gujaf-163	209	28	z	z	NOUN
gujaf-163	209	29	-	-	PUNCT
gujaf-163	209	30	statistic	statistic	ADJ
gujaf-163	209	31	and	and	CCONJ
gujaf-163	209	32	probability	probability	NOUN
gujaf-163	209	33	values	value	NOUN
gujaf-163	209	34	respectively	respectively	ADV
gujaf-163	209	35	.	.	PUNCT
gujaf-163	210	1	*	*	PUNCT
gujaf-163	210	2	(	(	PUNCT
gujaf-163	210	3	*	*	PUNCT
gujaf-163	210	4	*	*	PUNCT
gujaf-163	210	5	)	)	PUNCT
gujaf-163	210	6	indicates	indicate	VERB
gujaf-163	210	7	significance	significance	NOUN
gujaf-163	210	8	at	at	ADP
gujaf-163	210	9	5	5	NUM
gujaf-163	210	10	%	%	NOUN
gujaf-163	210	11	.	.	PUNCT
gujaf-163	211	1	the	the	DET
gujaf-163	211	2	coefficients	coefficient	NOUN
gujaf-163	211	3	on	on	ADP
gujaf-163	211	4	communication	communication	NOUN
gujaf-163	211	5	signals	signal	NOUN
gujaf-163	211	6	are	be	AUX
gujaf-163	211	7	statistically	statistically	ADV
gujaf-163	211	8	significant	significant	ADJ
gujaf-163	211	9	and	and	CCONJ
gujaf-163	211	10	correctly	correctly	ADV
gujaf-163	211	11	signed	sign	VERB
gujaf-163	211	12	across	across	ADP
gujaf-163	211	13	the	the	DET
gujaf-163	211	14	entire	entire	ADJ
gujaf-163	211	15	spectrum	spectrum	NOUN
gujaf-163	211	16	of	of	ADP
gujaf-163	211	17	market	market	NOUN
gujaf-163	211	18	rates	rate	NOUN
gujaf-163	211	19	.	.	PUNCT
gujaf-163	212	1	the	the	DET
gujaf-163	212	2	estimations	estimation	NOUN
gujaf-163	212	3	are	be	AUX
gujaf-163	212	4	all	all	ADV
gujaf-163	212	5	negative	negative	ADJ
gujaf-163	212	6	,	,	PUNCT
gujaf-163	212	7	as	as	SCONJ
gujaf-163	212	8	indicated	indicate	VERB
gujaf-163	212	9	in	in	ADP
gujaf-163	212	10	column	column	NOUN
gujaf-163	212	11	table	table	NOUN
gujaf-163	212	12	4	4	NUM
gujaf-163	212	13	.	.	PUNCT
gujaf-163	213	1	this	this	PRON
gujaf-163	213	2	shows	show	VERB
gujaf-163	213	3	that	that	SCONJ
gujaf-163	213	4	the	the	DET
gujaf-163	213	5	cbn	cbn	PROPN
gujaf-163	213	6	's	's	PART
gujaf-163	213	7	activities	activity	NOUN
gujaf-163	213	8	are	be	AUX
gujaf-163	213	9	trustworthy	trustworthy	ADJ
gujaf-163	213	10	since	since	SCONJ
gujaf-163	213	11	their	their	PRON
gujaf-163	213	12	signals	signal	NOUN
gujaf-163	213	13	help	help	VERB
gujaf-163	213	14	to	to	PART
gujaf-163	213	15	reduce	reduce	VERB
gujaf-163	213	16	rate	rate	NOUN
gujaf-163	213	17	volatility	volatility	NOUN
gujaf-163	213	18	.	.	PUNCT
gujaf-163	214	1	this	this	PRON
gujaf-163	214	2	means	mean	VERB
gujaf-163	214	3	that	that	SCONJ
gujaf-163	214	4	the	the	DET
gujaf-163	214	5	cbn	cbn	PROPN
gujaf-163	214	6	's	's	PART
gujaf-163	214	7	communication	communication	NOUN
gujaf-163	214	8	signals	signal	NOUN
gujaf-163	214	9	not	not	PART
gujaf-163	214	10	only	only	ADV
gujaf-163	214	11	impact	impact	NOUN
gujaf-163	214	12	but	but	CCONJ
gujaf-163	214	13	actually	actually	ADV
gujaf-163	214	14	drive	drive	VERB
gujaf-163	214	15	interbank	interbank	NOUN
gujaf-163	214	16	rates	rate	NOUN
gujaf-163	214	17	in	in	ADP
gujaf-163	214	18	the	the	DET
gujaf-163	214	19	desired	desire	VERB
gujaf-163	214	20	direction.this	direction.this	PRON
gujaf-163	214	21	finding	finding	NOUN
gujaf-163	214	22	is	be	AUX
gujaf-163	214	23	in	in	ADP
gujaf-163	214	24	line	line	NOUN
gujaf-163	214	25	with	with	ADP
gujaf-163	214	26	earlier	early	ADJ
gujaf-163	214	27	research	research	NOUN
gujaf-163	214	28	suggesting	suggest	VERB
gujaf-163	214	29	that	that	SCONJ
gujaf-163	214	30	central	central	ADJ
gujaf-163	214	31	bank	bank	NOUN
gujaf-163	214	32	communication	communication	NOUN
gujaf-163	214	33	has	have	VERB
gujaf-163	214	34	a	a	DET
gujaf-163	214	35	significant	significant	ADJ
gujaf-163	214	36	impact	impact	NOUN
gujaf-163	214	37	including	include	VERB
gujaf-163	214	38	mariscal	mariscal	PROPN
gujaf-163	214	39	and	and	CCONJ
gujaf-163	214	40	howells	howells	PROPN
gujaf-163	214	41	(	(	PUNCT
gujaf-163	214	42	2007	2007	NUM
gujaf-163	214	43	)	)	PUNCT
gujaf-163	214	44	,	,	PUNCT
gujaf-163	214	45	smales	smale	NOUN
gujaf-163	214	46	(	(	PUNCT
gujaf-163	214	47	2011	2011	NUM
gujaf-163	214	48	)	)	PUNCT
gujaf-163	214	49	and	and	CCONJ
gujaf-163	214	50	sanusi	sanusi	NOUN
gujaf-163	214	51	(	(	PUNCT
gujaf-163	214	52	2011	2011	NUM
gujaf-163	214	53	a	a	PRON
gujaf-163	214	54	and	and	CCONJ
gujaf-163	214	55	2011b	2011b	NUM
gujaf-163	214	56	)	)	PUNCT
gujaf-163	214	57	.	.	PUNCT
gujaf-163	215	1	although	although	SCONJ
gujaf-163	215	2	,	,	PUNCT
gujaf-163	215	3	the	the	DET
gujaf-163	215	4	focus	focus	NOUN
gujaf-163	215	5	of	of	ADP
gujaf-163	215	6	this	this	DET
gujaf-163	215	7	study	study	NOUN
gujaf-163	215	8	is	be	AUX
gujaf-163	215	9	on	on	ADP
gujaf-163	215	10	the	the	DET
gujaf-163	215	11	effects	effect	NOUN
gujaf-163	215	12	of	of	ADP
gujaf-163	215	13	communication	communication	NOUN
gujaf-163	215	14	on	on	ADP
gujaf-163	215	15	interest	interest	NOUN
gujaf-163	215	16	rates	rate	NOUN
gujaf-163	215	17	,	,	PUNCT
gujaf-163	215	18	other	other	ADJ
gujaf-163	215	19	effects	effect	NOUN
gujaf-163	215	20	are	be	AUX
gujaf-163	215	21	considered	consider	VERB
gujaf-163	215	22	.	.	PUNCT
gujaf-163	216	1	first	first	ADV
gujaf-163	216	2	,	,	PUNCT
gujaf-163	216	3	the	the	DET
gujaf-163	216	4	effect	effect	NOUN
gujaf-163	216	5	of	of	ADP
gujaf-163	216	6	monetary	monetary	ADJ
gujaf-163	216	7	policy	policy	NOUN
gujaf-163	216	8	decisions	decision	NOUN
gujaf-163	216	9	of	of	ADP
gujaf-163	216	10	the	the	DET
gujaf-163	216	11	cbn	cbn	PROPN
gujaf-163	216	12	;	;	PUNCT
gujaf-163	216	13	from	from	ADP
gujaf-163	216	14	table3	table3	PROPN
gujaf-163	216	15	,	,	PUNCT
gujaf-163	216	16	the	the	DET
gujaf-163	216	17	coefficients	coefficient	NOUN
gujaf-163	216	18	on	on	ADP
gujaf-163	216	19	monetary	monetary	ADJ
gujaf-163	216	20	policy	policy	NOUN
gujaf-163	216	21	rate	rate	NOUN
gujaf-163	216	22	(	(	PUNCT
gujaf-163	216	23	mpr	mpr	NOUN
gujaf-163	216	24	)	)	PUNCT
gujaf-163	216	25	is	be	AUX
gujaf-163	216	26	significant	significant	ADJ
gujaf-163	216	27	only	only	ADV
gujaf-163	216	28	on	on	ADP
gujaf-163	216	29	the	the	DET
gujaf-163	216	30	60days	60days	NUM
gujaf-163	216	31	rate	rate	NOUN
gujaf-163	216	32	,	,	PUNCT
gujaf-163	216	33	90days	90day	NOUN
gujaf-163	216	34	rate	rate	NOUN
gujaf-163	216	35	and	and	CCONJ
gujaf-163	216	36	180days	180days	NUM
gujaf-163	216	37	rate	rate	NOUN
gujaf-163	216	38	and	and	CCONJ
gujaf-163	216	39	the	the	DET
gujaf-163	216	40	signs	sign	NOUN
gujaf-163	216	41	are	be	AUX
gujaf-163	216	42	positive	positive	ADJ
gujaf-163	216	43	as	as	SCONJ
gujaf-163	216	44	expected	expect	VERB
gujaf-163	216	45	.	.	PUNCT
gujaf-163	217	1	this	this	PRON
gujaf-163	217	2	implies	imply	VERB
gujaf-163	217	3	that	that	SCONJ
gujaf-163	217	4	cbn	cbn	PROPN
gujaf-163	217	5	should	should	AUX
gujaf-163	217	6	always	always	ADV
gujaf-163	217	7	raise	raise	VERB
gujaf-163	217	8	the	the	DET
gujaf-163	217	9	mpr	mpr	NOUN
gujaf-163	217	10	to	to	PART
gujaf-163	217	11	curb	curb	VERB
gujaf-163	217	12	inflationary	inflationary	ADJ
gujaf-163	217	13	pressure	pressure	NOUN
gujaf-163	217	14	.	.	PUNCT
gujaf-163	218	1	for	for	ADP
gujaf-163	218	2	example	example	NOUN
gujaf-163	218	3	,	,	PUNCT
gujaf-163	218	4	a	a	DET
gujaf-163	218	5	1	1	NUM
gujaf-163	218	6	%	%	NOUN
gujaf-163	218	7	increase	increase	NOUN
gujaf-163	218	8	in	in	ADP
gujaf-163	218	9	the	the	DET
gujaf-163	218	10	mpr	mpr	NOUN
gujaf-163	218	11	leads	lead	VERB
gujaf-163	218	12	to	to	ADP
gujaf-163	218	13	0.52	0.52	NUM
gujaf-163	218	14	%	%	NOUN
gujaf-163	218	15	,	,	PUNCT
gujaf-163	218	16	0.9	0.9	NUM
gujaf-163	218	17	%	%	NOUN
gujaf-163	218	18	and	and	CCONJ
gujaf-163	218	19	0.15	0.15	NUM
gujaf-163	218	20	%	%	NOUN
gujaf-163	218	21	rise	rise	NOUN
gujaf-163	218	22	in	in	ADP
gujaf-163	218	23	60days	60days	NUM
gujaf-163	218	24	rate	rate	NOUN
gujaf-163	218	25	,	,	PUNCT
gujaf-163	218	26	90days	90day	NOUN
gujaf-163	218	27	rate	rate	NOUN
gujaf-163	218	28	and	and	CCONJ
gujaf-163	218	29	180days	180days	NUM
gujaf-163	218	30	rate	rate	NOUN
gujaf-163	218	31	respectively	respectively	ADV
gujaf-163	218	32	.	.	PUNCT
gujaf-163	219	1	the	the	DET
gujaf-163	219	2	rise	rise	NOUN
gujaf-163	219	3	in	in	ADP
gujaf-163	219	4	the	the	DET
gujaf-163	219	5	market	market	NOUN
gujaf-163	219	6	rates	rate	NOUN
gujaf-163	219	7	will	will	AUX
gujaf-163	219	8	in	in	ADP
gujaf-163	219	9	turn	turn	NOUN
gujaf-163	219	10	increase	increase	VERB
gujaf-163	219	11	the	the	DET
gujaf-163	219	12	cost	cost	NOUN
gujaf-163	219	13	of	of	ADP
gujaf-163	219	14	borrowing	borrowing	NOUN
gujaf-163	219	15	by	by	ADP
gujaf-163	219	16	investors	investor	NOUN
gujaf-163	219	17	and	and	CCONJ
gujaf-163	219	18	consumers	consumer	NOUN
gujaf-163	219	19	for	for	ADP
gujaf-163	219	20	investment	investment	NOUN
gujaf-163	219	21	and	and	CCONJ
gujaf-163	219	22	consumption	consumption	NOUN
gujaf-163	219	23	purposes	purpose	NOUN
gujaf-163	219	24	respectively	respectively	ADV
gujaf-163	219	25	.	.	PUNCT
gujaf-163	220	1	overall	overall	ADJ
gujaf-163	220	2	,	,	PUNCT
gujaf-163	220	3	spending	spending	NOUN
gujaf-163	220	4	will	will	AUX
gujaf-163	220	5	fall	fall	VERB
gujaf-163	220	6	and	and	CCONJ
gujaf-163	220	7	inflationary	inflationary	ADJ
gujaf-163	220	8	pressure	pressure	NOUN
gujaf-163	220	9	will	will	AUX
gujaf-163	220	10	be	be	AUX
gujaf-163	220	11	curtailed	curtail	VERB
gujaf-163	220	12	.	.	PUNCT
gujaf-163	221	1	base	base	NOUN
gujaf-163	221	2	on	on	ADP
gujaf-163	221	3	the	the	DET
gujaf-163	221	4	results	result	NOUN
gujaf-163	221	5	,	,	PUNCT
gujaf-163	221	6	however	however	ADV
gujaf-163	221	7	,	,	PUNCT
gujaf-163	221	8	the	the	DET
gujaf-163	221	9	mpr	mpr	NOUN
gujaf-163	221	10	constitutes	constitute	VERB
gujaf-163	221	11	a	a	DET
gujaf-163	221	12	greater	great	ADJ
gujaf-163	221	13	source	source	NOUN
gujaf-163	221	14	of	of	ADP
gujaf-163	221	15	variation	variation	NOUN
gujaf-163	221	16	of	of	ADP
gujaf-163	221	17	the	the	DET
gujaf-163	221	18	interbank	interbank	NOUN
gujaf-163	221	19	rates	rate	NOUN
gujaf-163	221	20	relative	relative	ADJ
gujaf-163	221	21	to	to	ADP
gujaf-163	221	22	the	the	DET
gujaf-163	221	23	cash	cash	NOUN
gujaf-163	221	24	reserve	reserve	NOUN
gujaf-163	221	25	requirement	requirement	NOUN
gujaf-163	221	26	(	(	PUNCT
gujaf-163	221	27	crr	crr	PROPN
gujaf-163	221	28	)	)	PUNCT
gujaf-163	221	29	and	and	CCONJ
gujaf-163	221	30	the	the	DET
gujaf-163	221	31	liquidity	liquidity	NOUN
gujaf-163	221	32	ratio	ratio	NOUN
gujaf-163	221	33	(	(	PUNCT
gujaf-163	221	34	lr	lr	NOUN
gujaf-163	221	35	)	)	PUNCT
gujaf-163	221	36	(	(	PUNCT
gujaf-163	221	37	see	see	VERB
gujaf-163	221	38	table	table	NOUN
gujaf-163	221	39	3	3	NUM
gujaf-163	221	40	)	)	PUNCT
gujaf-163	221	41	.	.	PUNCT
gujaf-163	222	1	but	but	CCONJ
gujaf-163	222	2	contrasting	contrast	VERB
gujaf-163	222	3	the	the	DET
gujaf-163	222	4	mpr	mpr	NOUN
gujaf-163	222	5	with	with	ADP
gujaf-163	222	6	communication	communication	NOUN
gujaf-163	222	7	signals	signal	NOUN
gujaf-163	222	8	,	,	PUNCT
gujaf-163	222	9	the	the	DET
gujaf-163	222	10	result	result	NOUN
gujaf-163	222	11	shows	show	VERB
gujaf-163	222	12	strong	strong	ADJ
gujaf-163	222	13	evidence	evidence	NOUN
gujaf-163	222	14	that	that	SCONJ
gujaf-163	222	15	cbn	cbn	PROPN
gujaf-163	222	16	's	's	PART
gujaf-163	222	17	signals	signal	NOUN
gujaf-163	222	18	are	be	AUX
gujaf-163	222	19	highly	highly	ADV
gujaf-163	222	20	statistically	statistically	ADV
gujaf-163	222	21	significant	significant	ADJ
gujaf-163	222	22	than	than	ADP
gujaf-163	222	23	the	the	DET
gujaf-163	222	24	mpr	mpr	NOUN
gujaf-163	222	25	.	.	PUNCT
gujaf-163	223	1	this	this	DET
gujaf-163	223	2	basic	basic	ADJ
gujaf-163	223	3	fact	fact	NOUN
gujaf-163	223	4	suggests	suggest	VERB
gujaf-163	223	5	to	to	ADP
gujaf-163	223	6	the	the	DET
gujaf-163	223	7	gusau	gusau	ADJ
gujaf-163	223	8	journal	journal	NOUN
gujaf-163	223	9	of	of	ADP
gujaf-163	223	10	accounting	accounting	NOUN
gujaf-163	223	11	and	and	CCONJ
gujaf-163	223	12	finance	finance	NOUN
gujaf-163	223	13	,	,	PUNCT
gujaf-163	223	14	vol	vol	NOUN
gujaf-163	223	15	.	.	PUNCT
gujaf-163	223	16	2(3	2(3	NUM
gujaf-163	223	17	)	)	PUNCT
gujaf-163	223	18	,	,	PUNCT
gujaf-163	223	19	april	april	PROPN
gujaf-163	223	20	,	,	PUNCT
gujaf-163	223	21	2021	2021	NUM
gujaf-163	223	22	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	223	23	12	12	NUM
gujaf-163	223	24	cbn	cbn	NOUN
gujaf-163	223	25	to	to	PART
gujaf-163	223	26	always	always	ADV
gujaf-163	223	27	improve	improve	VERB
gujaf-163	223	28	the	the	DET
gujaf-163	223	29	efficiency	efficiency	NOUN
gujaf-163	223	30	of	of	ADP
gujaf-163	223	31	monetary	monetary	ADJ
gujaf-163	223	32	policy	policy	NOUN
gujaf-163	223	33	by	by	ADP
gujaf-163	223	34	communicating	communicate	VERB
gujaf-163	223	35	to	to	PART
gujaf-163	223	36	signal	signal	VERB
gujaf-163	223	37	how	how	SCONJ
gujaf-163	223	38	the	the	DET
gujaf-163	223	39	future	future	ADJ
gujaf-163	223	40	mpr	mpr	NOUN
gujaf-163	223	41	and	and	CCONJ
gujaf-163	223	42	economic	economic	ADJ
gujaf-163	223	43	fundamentals	fundamental	NOUN
gujaf-163	223	44	will	will	AUX
gujaf-163	223	45	evolve	evolve	VERB
gujaf-163	223	46	.	.	PUNCT
gujaf-163	224	1	second	second	ADV
gujaf-163	224	2	,	,	PUNCT
gujaf-163	224	3	the	the	DET
gujaf-163	224	4	effect	effect	NOUN
gujaf-163	224	5	of	of	ADP
gujaf-163	224	6	macroeconomic	macroeconomic	ADJ
gujaf-163	224	7	news	news	NOUN
gujaf-163	224	8	as	as	SCONJ
gujaf-163	224	9	measured	measure	VERB
gujaf-163	224	10	by	by	ADP
gujaf-163	224	11	inflation	inflation	NOUN
gujaf-163	224	12	(	(	PUNCT
gujaf-163	224	13	inf	inf	NOUN
gujaf-163	224	14	)	)	PUNCT
gujaf-163	224	15	is	be	AUX
gujaf-163	224	16	considered	consider	VERB
gujaf-163	224	17	.	.	PUNCT
gujaf-163	225	1	on	on	ADP
gujaf-163	225	2	the	the	DET
gujaf-163	225	3	basis	basis	NOUN
gujaf-163	225	4	of	of	ADP
gujaf-163	225	5	empirical	empirical	ADJ
gujaf-163	225	6	result	result	NOUN
gujaf-163	225	7	in	in	ADP
gujaf-163	225	8	table	table	NOUN
gujaf-163	225	9	3	3	NUM
gujaf-163	225	10	,	,	PUNCT
gujaf-163	225	11	the	the	DET
gujaf-163	225	12	releases	release	NOUN
gujaf-163	225	13	of	of	ADP
gujaf-163	225	14	macroeconomic	macroeconomic	ADJ
gujaf-163	225	15	data	datum	NOUN
gujaf-163	225	16	appear	appear	VERB
gujaf-163	225	17	to	to	PART
gujaf-163	225	18	be	be	AUX
gujaf-163	225	19	insignificant	insignificant	ADJ
gujaf-163	225	20	on	on	ADP
gujaf-163	225	21	the	the	DET
gujaf-163	225	22	interbank	interbank	NOUN
gujaf-163	225	23	rates	rate	NOUN
gujaf-163	225	24	.	.	PUNCT
gujaf-163	226	1	this	this	DET
gujaf-163	226	2	finding	finding	NOUN
gujaf-163	226	3	is	be	AUX
gujaf-163	226	4	plausible	plausible	ADJ
gujaf-163	226	5	,	,	PUNCT
gujaf-163	226	6	since	since	SCONJ
gujaf-163	226	7	the	the	DET
gujaf-163	226	8	money	money	NOUN
gujaf-163	226	9	market	market	NOUN
gujaf-163	226	10	believes	believe	VERB
gujaf-163	226	11	the	the	DET
gujaf-163	226	12	information	information	NOUN
gujaf-163	226	13	about	about	ADP
gujaf-163	226	14	the	the	DET
gujaf-163	226	15	economic	economic	ADJ
gujaf-163	226	16	fundamentals	fundamental	NOUN
gujaf-163	226	17	that	that	PRON
gujaf-163	226	18	the	the	DET
gujaf-163	226	19	cbn	cbn	PROPN
gujaf-163	226	20	provides	provide	VERB
gujaf-163	226	21	.	.	PUNCT
gujaf-163	227	1	this	this	PRON
gujaf-163	227	2	implies	imply	VERB
gujaf-163	227	3	that	that	SCONJ
gujaf-163	227	4	the	the	DET
gujaf-163	227	5	market	market	NOUN
gujaf-163	227	6	used	use	VERB
gujaf-163	227	7	to	to	PART
gujaf-163	227	8	be	be	AUX
gujaf-163	227	9	informed	inform	VERB
gujaf-163	227	10	before	before	ADP
gujaf-163	227	11	time	time	NOUN
gujaf-163	227	12	.	.	PUNCT
gujaf-163	228	1	therefore	therefore	ADV
gujaf-163	228	2	,	,	PUNCT
gujaf-163	228	3	cbn	cbn	PROPN
gujaf-163	228	4	's	's	PART
gujaf-163	228	5	communication	communication	NOUN
gujaf-163	228	6	does	do	AUX
gujaf-163	228	7	not	not	PART
gujaf-163	228	8	only	only	ADV
gujaf-163	228	9	reveal	reveal	VERB
gujaf-163	228	10	the	the	DET
gujaf-163	228	11	future	future	ADJ
gujaf-163	228	12	path	path	NOUN
gujaf-163	228	13	of	of	ADP
gujaf-163	228	14	monetary	monetary	ADJ
gujaf-163	228	15	policy	policy	NOUN
gujaf-163	228	16	decisions	decision	NOUN
gujaf-163	228	17	,	,	PUNCT
gujaf-163	228	18	but	but	CCONJ
gujaf-163	228	19	also	also	ADV
gujaf-163	228	20	carry	carry	VERB
gujaf-163	228	21	relevant	relevant	ADJ
gujaf-163	228	22	information	information	NOUN
gujaf-163	228	23	which	which	PRON
gujaf-163	228	24	assists	assist	VERB
gujaf-163	228	25	the	the	DET
gujaf-163	228	26	market	market	NOUN
gujaf-163	228	27	.	.	PUNCT
gujaf-163	229	1	accordingly	accordingly	ADV
gujaf-163	229	2	,	,	PUNCT
gujaf-163	229	3	it	it	PRON
gujaf-163	229	4	enhances	enhance	VERB
gujaf-163	229	5	market	market	NOUN
gujaf-163	229	6	predictability	predictability	NOUN
gujaf-163	229	7	,	,	PUNCT
gujaf-163	229	8	reduces	reduce	VERB
gujaf-163	229	9	uncertainty	uncertainty	NOUN
gujaf-163	229	10	and	and	CCONJ
gujaf-163	229	11	volatility	volatility	NOUN
gujaf-163	229	12	and	and	CCONJ
gujaf-163	229	13	thereby	thereby	ADV
gujaf-163	229	14	improves	improve	VERB
gujaf-163	229	15	the	the	DET
gujaf-163	229	16	monetary	monetary	ADJ
gujaf-163	229	17	policy	policy	NOUN
gujaf-163	229	18	outcome	outcome	NOUN
gujaf-163	229	19	.	.	PUNCT
gujaf-163	230	1	5	5	X
gujaf-163	230	2	.	.	X
gujaf-163	230	3	conclusion	conclusion	NOUN
gujaf-163	230	4	and	and	CCONJ
gujaf-163	230	5	recommendations	recommendation	NOUN
gujaf-163	230	6	the	the	DET
gujaf-163	230	7	empirical	empirical	ADJ
gujaf-163	230	8	analysis	analysis	NOUN
gujaf-163	230	9	presented	present	VERB
gujaf-163	230	10	in	in	ADP
gujaf-163	230	11	the	the	DET
gujaf-163	230	12	previous	previous	ADJ
gujaf-163	230	13	chapter	chapter	NOUN
gujaf-163	230	14	allows	allow	VERB
gujaf-163	230	15	us	we	PRON
gujaf-163	230	16	to	to	PART
gujaf-163	230	17	draw	draw	VERB
gujaf-163	230	18	some	some	DET
gujaf-163	230	19	conclusions	conclusion	NOUN
gujaf-163	230	20	about	about	ADP
gujaf-163	230	21	each	each	PRON
gujaf-163	230	22	of	of	ADP
gujaf-163	230	23	the	the	DET
gujaf-163	230	24	research	research	NOUN
gujaf-163	230	25	questions	question	NOUN
gujaf-163	230	26	raised	raise	VERB
gujaf-163	230	27	at	at	ADP
gujaf-163	230	28	the	the	DET
gujaf-163	230	29	beginning	beginning	NOUN
gujaf-163	230	30	of	of	ADP
gujaf-163	230	31	this	this	DET
gujaf-163	230	32	study	study	NOUN
gujaf-163	230	33	.	.	PUNCT
gujaf-163	231	1	first	first	ADV
gujaf-163	231	2	,	,	PUNCT
gujaf-163	231	3	on	on	ADP
gujaf-163	231	4	the	the	DET
gujaf-163	231	5	question	question	NOUN
gujaf-163	231	6	of	of	ADP
gujaf-163	231	7	whether	whether	SCONJ
gujaf-163	231	8	the	the	DET
gujaf-163	231	9	central	central	ADJ
gujaf-163	231	10	bank	bank	PROPN
gujaf-163	231	11	of	of	ADP
gujaf-163	231	12	nigeria	nigeria	PROPN
gujaf-163	231	13	is	be	AUX
gujaf-163	231	14	credible	credible	ADJ
gujaf-163	231	15	,	,	PUNCT
gujaf-163	231	16	on	on	ADP
gujaf-163	231	17	the	the	DET
gujaf-163	231	18	basis	basis	NOUN
gujaf-163	231	19	of	of	ADP
gujaf-163	231	20	the	the	DET
gujaf-163	231	21	evidence	evidence	NOUN
gujaf-163	231	22	that	that	SCONJ
gujaf-163	231	23	its	its	PRON
gujaf-163	231	24	communications	communication	NOUN
gujaf-163	231	25	contain	contain	VERB
gujaf-163	231	26	signal	signal	NOUN
gujaf-163	231	27	that	that	PRON
gujaf-163	231	28	enhance	enhance	VERB
gujaf-163	231	29	money	money	NOUN
gujaf-163	231	30	market	market	NOUN
gujaf-163	231	31	's	's	PART
gujaf-163	231	32	predictability	predictability	NOUN
gujaf-163	231	33	of	of	ADP
gujaf-163	231	34	future	future	ADJ
gujaf-163	231	35	monetary	monetary	ADJ
gujaf-163	231	36	policy	policy	NOUN
gujaf-163	231	37	actions	action	NOUN
gujaf-163	231	38	,	,	PUNCT
gujaf-163	231	39	we	we	PRON
gujaf-163	231	40	can	can	AUX
gujaf-163	231	41	conclude	conclude	VERB
gujaf-163	231	42	the	the	DET
gujaf-163	231	43	cbn	cbn	PROPN
gujaf-163	231	44	is	be	AUX
gujaf-163	231	45	credible	credible	ADJ
gujaf-163	231	46	.	.	PUNCT
gujaf-163	232	1	in	in	ADP
gujaf-163	232	2	addition	addition	NOUN
gujaf-163	232	3	,	,	PUNCT
gujaf-163	232	4	the	the	DET
gujaf-163	232	5	egarch	egarch	NOUN
gujaf-163	232	6	model	model	NOUN
gujaf-163	232	7	indicated	indicate	VERB
gujaf-163	232	8	that	that	SCONJ
gujaf-163	232	9	cbn	cbn	PROPN
gujaf-163	232	10	's	's	PART
gujaf-163	232	11	communication	communication	NOUN
gujaf-163	232	12	constitute	constitute	VERB
gujaf-163	232	13	an	an	DET
gujaf-163	232	14	effective	effective	ADJ
gujaf-163	232	15	tool	tool	NOUN
gujaf-163	232	16	for	for	ADP
gujaf-163	232	17	reducing	reduce	VERB
gujaf-163	232	18	the	the	DET
gujaf-163	232	19	volatility	volatility	NOUN
gujaf-163	232	20	of	of	ADP
gujaf-163	232	21	interest	interest	NOUN
gujaf-163	232	22	rates	rate	NOUN
gujaf-163	232	23	.	.	PUNCT
gujaf-163	233	1	in	in	ADP
gujaf-163	233	2	comparison	comparison	NOUN
gujaf-163	233	3	,	,	PUNCT
gujaf-163	233	4	however	however	ADV
gujaf-163	233	5	,	,	PUNCT
gujaf-163	233	6	the	the	DET
gujaf-163	233	7	monetary	monetary	ADJ
gujaf-163	233	8	policy	policy	NOUN
gujaf-163	233	9	decisions	decision	NOUN
gujaf-163	233	10	of	of	ADP
gujaf-163	233	11	the	the	DET
gujaf-163	233	12	cbn	cbn	PROPN
gujaf-163	233	13	explained	explain	VERB
gujaf-163	233	14	the	the	DET
gujaf-163	233	15	variations	variation	NOUN
gujaf-163	233	16	of	of	ADP
gujaf-163	233	17	interest	interest	NOUN
gujaf-163	233	18	rates	rate	NOUN
gujaf-163	233	19	only	only	ADV
gujaf-163	233	20	to	to	ADP
gujaf-163	233	21	a	a	DET
gujaf-163	233	22	small	small	ADJ
gujaf-163	233	23	degree	degree	NOUN
gujaf-163	233	24	.	.	PUNCT
gujaf-163	234	1	in	in	ADP
gujaf-163	234	2	fact	fact	NOUN
gujaf-163	234	3	,	,	PUNCT
gujaf-163	234	4	the	the	DET
gujaf-163	234	5	result	result	NOUN
gujaf-163	234	6	indicated	indicate	VERB
gujaf-163	234	7	that	that	SCONJ
gujaf-163	234	8	in	in	ADP
gujaf-163	234	9	times	time	NOUN
gujaf-163	234	10	of	of	ADP
gujaf-163	234	11	financial	financial	ADJ
gujaf-163	234	12	distress	distress	NOUN
gujaf-163	234	13	,	,	PUNCT
gujaf-163	234	14	cbn	cbn	PROPN
gujaf-163	234	15	's	's	PART
gujaf-163	234	16	communications	communication	NOUN
gujaf-163	234	17	remains	remain	VERB
gujaf-163	234	18	the	the	DET
gujaf-163	234	19	most	most	ADV
gujaf-163	234	20	effective	effective	ADJ
gujaf-163	234	21	and	and	CCONJ
gujaf-163	234	22	the	the	DET
gujaf-163	234	23	best	good	ADJ
gujaf-163	234	24	instrument	instrument	NOUN
gujaf-163	234	25	for	for	ADP
gujaf-163	234	26	driving	drive	VERB
gujaf-163	234	27	interest	interest	NOUN
gujaf-163	234	28	rates	rate	NOUN
gujaf-163	234	29	.	.	PUNCT
gujaf-163	235	1	these	these	DET
gujaf-163	235	2	findings	finding	NOUN
gujaf-163	235	3	are	be	AUX
gujaf-163	235	4	in	in	ADP
gujaf-163	235	5	accord	accord	NOUN
gujaf-163	235	6	with	with	ADP
gujaf-163	235	7	the	the	DET
gujaf-163	235	8	theories	theory	NOUN
gujaf-163	235	9	and	and	CCONJ
gujaf-163	235	10	the	the	DET
gujaf-163	235	11	extant	extant	ADJ
gujaf-163	235	12	literatures	literature	NOUN
gujaf-163	235	13	reviewed	review	VERB
gujaf-163	235	14	in	in	ADP
gujaf-163	235	15	chapter	chapter	NOUN
gujaf-163	235	16	two	two	NUM
gujaf-163	235	17	.	.	PUNCT
gujaf-163	236	1	arising	arise	VERB
gujaf-163	236	2	from	from	ADP
gujaf-163	236	3	the	the	DET
gujaf-163	236	4	empirical	empirical	ADJ
gujaf-163	236	5	findings	finding	NOUN
gujaf-163	236	6	,	,	PUNCT
gujaf-163	236	7	this	this	DET
gujaf-163	236	8	study	study	NOUN
gujaf-163	236	9	recommends	recommend	VERB
gujaf-163	236	10	that	that	SCONJ
gujaf-163	236	11	cbn	cbn	PROPN
gujaf-163	236	12	should	should	AUX
gujaf-163	236	13	rely	rely	VERB
gujaf-163	236	14	more	more	ADV
gujaf-163	236	15	on	on	ADP
gujaf-163	236	16	communication	communication	NOUN
gujaf-163	236	17	framework	framework	NOUN
gujaf-163	236	18	in	in	ADP
gujaf-163	236	19	order	order	NOUN
gujaf-163	236	20	to	to	PART
gujaf-163	236	21	influence	influence	VERB
gujaf-163	236	22	the	the	DET
gujaf-163	236	23	interbank	interbank	NOUN
gujaf-163	236	24	rates	rate	NOUN
gujaf-163	236	25	,	,	PUNCT
gujaf-163	236	26	this	this	PRON
gujaf-163	236	27	is	be	AUX
gujaf-163	236	28	particularly	particularly	ADV
gujaf-163	236	29	important	important	ADJ
gujaf-163	236	30	in	in	ADP
gujaf-163	236	31	times	time	NOUN
gujaf-163	236	32	of	of	ADP
gujaf-163	236	33	financial	financial	ADJ
gujaf-163	236	34	distress	distress	NOUN
gujaf-163	236	35	.	.	PUNCT
gujaf-163	237	1	and	and	CCONJ
gujaf-163	237	2	this	this	PRON
gujaf-163	237	3	follows	follow	VERB
gujaf-163	237	4	that	that	SCONJ
gujaf-163	237	5	if	if	SCONJ
gujaf-163	237	6	the	the	DET
gujaf-163	237	7	bank	bank	NOUN
gujaf-163	237	8	must	must	AUX
gujaf-163	237	9	increase	increase	VERB
gujaf-163	237	10	the	the	DET
gujaf-163	237	11	effectiveness	effectiveness	NOUN
gujaf-163	237	12	and	and	CCONJ
gujaf-163	237	13	efficiency	efficiency	NOUN
gujaf-163	237	14	of	of	ADP
gujaf-163	237	15	monetary	monetary	ADJ
gujaf-163	237	16	policy	policy	NOUN
gujaf-163	237	17	,	,	PUNCT
gujaf-163	237	18	the	the	DET
gujaf-163	237	19	provision	provision	NOUN
gujaf-163	237	20	of	of	ADP
gujaf-163	237	21	forward	forward	ADV
gujaf-163	237	22	looking	look	VERB
gujaf-163	237	23	information	information	NOUN
gujaf-163	237	24	in	in	ADP
gujaf-163	237	25	the	the	DET
gujaf-163	237	26	bank	bank	NOUN
gujaf-163	237	27	's	's	PART
gujaf-163	237	28	publications	publication	NOUN
gujaf-163	237	29	should	should	AUX
gujaf-163	237	30	be	be	AUX
gujaf-163	237	31	the	the	DET
gujaf-163	237	32	bank	bank	NOUN
gujaf-163	237	33	utmost	utmost	ADJ
gujaf-163	237	34	priority	priority	NOUN
gujaf-163	237	35	.	.	PUNCT
gujaf-163	238	1	in	in	ADP
gujaf-163	238	2	addition	addition	NOUN
gujaf-163	238	3	,	,	PUNCT
gujaf-163	238	4	since	since	SCONJ
gujaf-163	238	5	cbns	cbns	NOUN
gujaf-163	238	6	signals	signal	NOUN
gujaf-163	238	7	are	be	AUX
gujaf-163	238	8	found	find	VERB
gujaf-163	238	9	to	to	PART
gujaf-163	238	10	be	be	AUX
gujaf-163	238	11	significant	significant	ADJ
gujaf-163	238	12	via	via	ADP
gujaf-163	238	13	the	the	DET
gujaf-163	238	14	communique	communique	NOUN
gujaf-163	238	15	,	,	PUNCT
gujaf-163	238	16	the	the	DET
gujaf-163	238	17	study	study	NOUN
gujaf-163	238	18	further	far	ADV
gujaf-163	238	19	recommends	recommend	VERB
gujaf-163	238	20	that	that	SCONJ
gujaf-163	238	21	the	the	DET
gujaf-163	238	22	bank	bank	NOUN
gujaf-163	238	23	should	should	AUX
gujaf-163	238	24	improve	improve	VERB
gujaf-163	238	25	on	on	ADP
gujaf-163	238	26	the	the	DET
gujaf-163	238	27	information	information	NOUN
gujaf-163	238	28	content	content	NOUN
gujaf-163	238	29	of	of	ADP
gujaf-163	238	30	this	this	DET
gujaf-163	238	31	channel	channel	NOUN
gujaf-163	238	32	to	to	PART
gujaf-163	238	33	include	include	VERB
gujaf-163	238	34	two	two	NUM
gujaf-163	238	35	sets	set	NOUN
gujaf-163	238	36	of	of	ADP
gujaf-163	238	37	information	information	NOUN
gujaf-163	238	38	as	as	SCONJ
gujaf-163	238	39	it	it	PRON
gujaf-163	238	40	is	be	AUX
gujaf-163	238	41	the	the	DET
gujaf-163	238	42	practice	practice	NOUN
gujaf-163	238	43	with	with	ADP
gujaf-163	238	44	the	the	DET
gujaf-163	238	45	advanced	advanced	ADJ
gujaf-163	238	46	central	central	ADJ
gujaf-163	238	47	banks	bank	NOUN
gujaf-163	238	48	.	.	PUNCT
gujaf-163	239	1	first	first	ADV
gujaf-163	239	2	,	,	PUNCT
gujaf-163	239	3	the	the	DET
gujaf-163	239	4	cbn	cbn	PROPN
gujaf-163	239	5	should	should	AUX
gujaf-163	239	6	review	review	VERB
gujaf-163	239	7	and	and	CCONJ
gujaf-163	239	8	provide	provide	VERB
gujaf-163	239	9	the	the	DET
gujaf-163	239	10	public	public	NOUN
gujaf-163	239	11	with	with	ADP
gujaf-163	239	12	its	its	PRON
gujaf-163	239	13	own	own	ADJ
gujaf-163	239	14	view	view	NOUN
gujaf-163	239	15	on	on	ADP
gujaf-163	239	16	the	the	DET
gujaf-163	239	17	expectations	expectation	NOUN
gujaf-163	239	18	surveys	survey	NOUN
gujaf-163	239	19	that	that	SCONJ
gujaf-163	239	20	the	the	DET
gujaf-163	239	21	bank	bank	NOUN
gujaf-163	239	22	carries	carry	VERB
gujaf-163	239	23	out	out	ADP
gujaf-163	239	24	.	.	PUNCT
gujaf-163	240	1	second	second	ADV
gujaf-163	240	2	,	,	PUNCT
gujaf-163	240	3	the	the	DET
gujaf-163	240	4	bank	bank	NOUN
gujaf-163	240	5	should	should	AUX
gujaf-163	240	6	as	as	ADV
gujaf-163	240	7	well	well	ADV
gujaf-163	240	8	review	review	VERB
gujaf-163	240	9	and	and	CCONJ
gujaf-163	240	10	provide	provide	VERB
gujaf-163	240	11	its	its	PRON
gujaf-163	240	12	own	own	ADJ
gujaf-163	240	13	view	view	NOUN
gujaf-163	240	14	on	on	ADP
gujaf-163	240	15	the	the	DET
gujaf-163	240	16	researches	research	NOUN
gujaf-163	240	17	that	that	PRON
gujaf-163	240	18	guide	guide	VERB
gujaf-163	240	19	the	the	DET
gujaf-163	240	20	conduct	conduct	NOUN
gujaf-163	240	21	of	of	ADP
gujaf-163	240	22	monetary	monetary	ADJ
gujaf-163	240	23	policy	policy	NOUN
gujaf-163	240	24	in	in	ADP
gujaf-163	240	25	nigeria	nigeria	PROPN
gujaf-163	240	26	.	.	PUNCT
gujaf-163	241	1	adapting	adapt	VERB
gujaf-163	241	2	this	this	DET
gujaf-163	241	3	strategy	strategy	NOUN
gujaf-163	241	4	will	will	AUX
gujaf-163	241	5	make	make	VERB
gujaf-163	241	6	cbn	cbn	NOUN
gujaf-163	241	7	to	to	PART
gujaf-163	241	8	be	be	AUX
gujaf-163	241	9	more	more	ADV
gujaf-163	241	10	open	open	ADJ
gujaf-163	241	11	and	and	CCONJ
gujaf-163	241	12	in	in	ADP
gujaf-163	241	13	turn	turn	NOUN
gujaf-163	241	14	enhance	enhance	VERB
gujaf-163	241	15	the	the	DET
gujaf-163	241	16	effectiveness	effectiveness	NOUN
gujaf-163	241	17	of	of	ADP
gujaf-163	241	18	managing	manage	VERB
gujaf-163	241	19	agents	agent	NOUN
gujaf-163	241	20	'	'	PART
gujaf-163	241	21	expectations	expectation	NOUN
gujaf-163	241	22	,	,	PUNCT
gujaf-163	241	23	owing	owe	VERB
gujaf-163	241	24	that	that	SCONJ
gujaf-163	241	25	these	these	DET
gujaf-163	241	26	sets	set	NOUN
gujaf-163	241	27	of	of	ADP
gujaf-163	241	28	information	information	NOUN
gujaf-163	241	29	are	be	AUX
gujaf-163	241	30	integral	integral	ADJ
gujaf-163	241	31	part	part	NOUN
gujaf-163	241	32	of	of	ADP
gujaf-163	241	33	the	the	DET
gujaf-163	241	34	fundamental	fundamental	ADJ
gujaf-163	241	35	factors	factor	NOUN
gujaf-163	241	36	that	that	PRON
gujaf-163	241	37	influence	influence	VERB
gujaf-163	241	38	the	the	DET
gujaf-163	241	39	conduct	conduct	NOUN
gujaf-163	241	40	of	of	ADP
gujaf-163	241	41	monetary	monetary	ADJ
gujaf-163	241	42	policy	policy	NOUN
gujaf-163	241	43	implementation	implementation	NOUN
gujaf-163	241	44	.	.	PUNCT
gujaf-163	242	1	for	for	ADP
gujaf-163	242	2	further	further	ADJ
gujaf-163	242	3	research	research	NOUN
gujaf-163	242	4	,	,	PUNCT
gujaf-163	242	5	it	it	PRON
gujaf-163	242	6	is	be	AUX
gujaf-163	242	7	recommended	recommend	VERB
gujaf-163	242	8	that	that	SCONJ
gujaf-163	242	9	studies	study	NOUN
gujaf-163	242	10	on	on	ADP
gujaf-163	242	11	the	the	DET
gujaf-163	242	12	effect	effect	NOUN
gujaf-163	242	13	of	of	ADP
gujaf-163	242	14	cbn	cbn	PROPN
gujaf-163	242	15	communications	communication	NOUN
gujaf-163	242	16	on	on	ADP
gujaf-163	242	17	other	other	ADJ
gujaf-163	242	18	rates	rate	NOUN
gujaf-163	242	19	should	should	AUX
gujaf-163	242	20	be	be	AUX
gujaf-163	242	21	carried	carry	VERB
gujaf-163	242	22	out	out	ADP
gujaf-163	242	23	,	,	PUNCT
gujaf-163	242	24	given	give	VERB
gujaf-163	242	25	that	that	SCONJ
gujaf-163	242	26	its	its	PRON
gujaf-163	242	27	signals	signal	NOUN
gujaf-163	242	28	are	be	AUX
gujaf-163	242	29	found	find	VERB
gujaf-163	242	30	to	to	PART
gujaf-163	242	31	be	be	AUX
gujaf-163	242	32	significant	significant	ADJ
gujaf-163	242	33	in	in	ADP
gujaf-163	242	34	explaining	explain	VERB
gujaf-163	242	35	the	the	DET
gujaf-163	242	36	variation	variation	NOUN
gujaf-163	242	37	in	in	ADP
gujaf-163	242	38	the	the	DET
gujaf-163	242	39	interbank	interbank	NOUN
gujaf-163	242	40	rates	rate	NOUN
gujaf-163	242	41	the	the	DET
gujaf-163	242	42	rates	rate	NOUN
gujaf-163	242	43	which	which	PRON
gujaf-163	242	44	cbn	cbn	VERB
gujaf-163	242	45	targets	target	VERB
gujaf-163	242	46	to	to	PART
gujaf-163	242	47	influence	influence	VERB
gujaf-163	242	48	other	other	ADJ
gujaf-163	242	49	rates	rate	NOUN
gujaf-163	242	50	in	in	ADP
gujaf-163	242	51	the	the	DET
gujaf-163	242	52	economy	economy	NOUN
gujaf-163	242	53	.	.	PUNCT
gujaf-163	243	1	though	though	SCONJ
gujaf-163	243	2	many	many	ADJ
gujaf-163	243	3	open	open	ADJ
gujaf-163	243	4	issues	issue	NOUN
gujaf-163	243	5	,	,	PUNCT
gujaf-163	243	6	particularly	particularly	ADV
gujaf-163	243	7	concerning	concern	VERB
gujaf-163	243	8	the	the	DET
gujaf-163	243	9	channels	channel	NOUN
gujaf-163	243	10	through	through	ADP
gujaf-163	243	11	which	which	PRON
gujaf-163	243	12	communication	communication	NOUN
gujaf-163	243	13	work	work	NOUN
gujaf-163	243	14	,	,	PUNCT
gujaf-163	243	15	remain	remain	VERB
gujaf-163	243	16	for	for	ADP
gujaf-163	243	17	future	future	ADJ
gujaf-163	243	18	researchers	researcher	NOUN
gujaf-163	243	19	.	.	PUNCT
gujaf-163	244	1	gusau	gusau	PROPN
gujaf-163	244	2	journal	journal	PROPN
gujaf-163	244	3	of	of	ADP
gujaf-163	244	4	accounting	accounting	NOUN
gujaf-163	244	5	and	and	CCONJ
gujaf-163	244	6	finance	finance	NOUN
gujaf-163	244	7	,	,	PUNCT
gujaf-163	244	8	vol	vol	NOUN
gujaf-163	244	9	.	.	PUNCT
gujaf-163	244	10	2(3	2(3	NUM
gujaf-163	244	11	)	)	PUNCT
gujaf-163	244	12	,	,	PUNCT
gujaf-163	244	13	april	april	PROPN
gujaf-163	244	14	,	,	PUNCT
gujaf-163	244	15	2021	2021	NUM
gujaf-163	244	16	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	244	17	13	13	NUM
gujaf-163	244	18	references	reference	NOUN
gujaf-163	244	19	amato	amato	PROPN
gujaf-163	244	20	,	,	PUNCT
gujaf-163	244	21	j.	j.	PROPN
gujaf-163	244	22	d.	d.	PROPN
gujaf-163	244	23	,	,	PUNCT
gujaf-163	244	24	morris	morris	PROPN
gujaf-163	244	25	,	,	PUNCT
gujaf-163	244	26	s.	s.	PROPN
gujaf-163	244	27	&	&	CCONJ
gujaf-163	244	28	shin	shin	PROPN
gujaf-163	244	29	,	,	PUNCT
gujaf-163	244	30	h.s	h.s	PROPN
gujaf-163	244	31	.	.	PROPN
gujaf-163	244	32	(	(	PUNCT
gujaf-163	244	33	2003	2003	NUM
gujaf-163	244	34	)	)	PUNCT
gujaf-163	244	35	.	.	PUNCT
gujaf-163	245	1	communication	communication	NOUN
gujaf-163	245	2	and	and	CCONJ
gujaf-163	245	3	monetary	monetary	ADJ
gujaf-163	245	4	policy	policy	NOUN
gujaf-163	245	5	.	.	PUNCT
gujaf-163	246	1	foundation	foundation	NOUN
gujaf-163	246	2	discussion	discussion	NOUN
gujaf-163	246	3	paper	paper	PROPN
gujaf-163	246	4	1405	1405	NUM
gujaf-163	246	5	.	.	PUNCT
gujaf-163	247	1	anderson	anderson	PROPN
gujaf-163	247	2	,	,	PUNCT
gujaf-163	247	3	m.	m.	NOUN
gujaf-163	247	4	,	,	PUNCT
gujaf-163	247	5	dillen	dillen	VERB
gujaf-163	247	6	,	,	PUNCT
gujaf-163	247	7	h.	h.	PROPN
gujaf-163	247	8	and	and	CCONJ
gujaf-163	247	9	sellin	sellin	PROPN
gujaf-163	247	10	,	,	PUNCT
gujaf-163	247	11	p.	p.	NOUN
gujaf-163	247	12	(	(	PUNCT
gujaf-163	247	13	2012	2012	NUM
gujaf-163	247	14	)	)	PUNCT
gujaf-163	247	15	.	.	PUNCT
gujaf-163	248	1	monetary	monetary	ADJ
gujaf-163	248	2	policy	policy	NOUN
gujaf-163	248	3	signaling	signal	VERB
gujaf-163	248	4	and	and	CCONJ
gujaf-163	248	5	movements	movement	NOUN
gujaf-163	248	6	in	in	ADP
gujaf-163	248	7	the	the	DET
gujaf-163	248	8	swedish	swedish	ADJ
gujaf-163	248	9	term	term	NOUN
gujaf-163	248	10	structure	structure	NOUN
gujaf-163	248	11	of	of	ADP
gujaf-163	248	12	interest	interest	NOUN
gujaf-163	248	13	rates	rate	NOUN
gujaf-163	248	14	.	.	PUNCT
gujaf-163	249	1	bis	bis	PROPN
gujaf-163	249	2	working	working	PROPN
gujaf-163	249	3	paper12	paper12	PROPN
gujaf-163	249	4	.	.	PUNCT
gujaf-163	250	1	berger	berger	PROPN
gujaf-163	250	2	,	,	PUNCT
gujaf-163	250	3	h.	h.	PROPN
gujaf-163	250	4	,	,	PUNCT
gujaf-163	250	5	de	de	PROPN
gujaf-163	250	6	haan	haan	PROPN
gujaf-163	250	7	,	,	PUNCT
gujaf-163	250	8	j.	j.	PROPN
gujaf-163	250	9	&	&	CCONJ
gujaf-163	250	10	sturm	sturm	PROPN
gujaf-163	250	11	,	,	PUNCT
gujaf-163	250	12	j.e	j.e	PROPN
gujaf-163	250	13	.	.	PUNCT
gujaf-163	251	1	(	(	PUNCT
gujaf-163	251	2	2010).does	2010).does	NUM
gujaf-163	251	3	money	money	NOUN
gujaf-163	251	4	matter	matter	NOUN
gujaf-163	251	5	in	in	ADP
gujaf-163	251	6	the	the	DET
gujaf-163	251	7	ecb	ecb	NOUN
gujaf-163	251	8	strategy	strategy	NOUN
gujaf-163	251	9	?	?	PUNCT
gujaf-163	252	1	new	new	ADJ
gujaf-163	252	2	evidence	evidence	NOUN
gujaf-163	252	3	based	base	VERB
gujaf-163	252	4	on	on	ADP
gujaf-163	252	5	ecb	ecb	NOUN
gujaf-163	252	6	communication	communication	NOUN
gujaf-163	252	7	.	.	PUNCT
gujaf-163	253	1	international	international	ADJ
gujaf-163	253	2	journal	journal	PROPN
gujaf-163	253	3	of	of	ADP
gujaf-163	253	4	economics	economic	NOUN
gujaf-163	253	5	and	and	CCONJ
gujaf-163	253	6	finance	finance	NOUN
gujaf-163	253	7	.	.	PUNCT
gujaf-163	254	1	doi	doi	NOUN
gujaf-163	254	2	:	:	PUNCT
gujaf-163	254	3	10.1002	10.1002	NUM
gujaf-163	254	4	/	/	SYM
gujaf-163	254	5	ijfe.412	ijfe.412	PROPN
gujaf-163	254	6	.	.	PROPN
gujaf-163	254	7	blinder	blinder	PROPN
gujaf-163	254	8	,	,	PUNCT
gujaf-163	254	9	a.	a.	NOUN
gujaf-163	254	10	and	and	CCONJ
gujaf-163	254	11	wyplosz	wyplosz	NOUN
gujaf-163	254	12	,	,	PUNCT
gujaf-163	254	13	c.	c.	PROPN
gujaf-163	254	14	(	(	PUNCT
gujaf-163	254	15	2004	2004	NUM
gujaf-163	254	16	)	)	PUNCT
gujaf-163	254	17	.	.	PUNCT
gujaf-163	255	1	central	central	PROPN
gujaf-163	255	2	bank	bank	PROPN
gujaf-163	255	3	talk	talk	NOUN
gujaf-163	255	4	:	:	PUNCT
gujaf-163	255	5	committee	committee	NOUN
gujaf-163	255	6	structure	structure	NOUN
gujaf-163	255	7	and	and	CCONJ
gujaf-163	255	8	communication	communication	NOUN
gujaf-163	255	9	policy	policy	NOUN
gujaf-163	255	10	.	.	PUNCT
gujaf-163	256	1	mimeo	mimeo	NOUN
gujaf-163	256	2	,	,	PUNCT
gujaf-163	256	3	december	december	PROPN
gujaf-163	256	4	2004	2004	NUM
gujaf-163	256	5	.	.	PUNCT
gujaf-163	257	1	blinder	blinder	NOUN
gujaf-163	257	2	,	,	PUNCT
gujaf-163	257	3	a.	a.	NOUN
gujaf-163	257	4	,	,	PUNCT
gujaf-163	257	5	goodhart	goodhart	PROPN
gujaf-163	257	6	,	,	PUNCT
gujaf-163	257	7	c.	c.	PROPN
gujaf-163	257	8	,	,	PUNCT
gujaf-163	257	9	hildebrand	hildebrand	NOUN
gujaf-163	257	10	,	,	PUNCT
gujaf-163	257	11	p.	p.	PROPN
gujaf-163	257	12	,	,	PUNCT
gujaf-163	257	13	lipton	lipton	PROPN
gujaf-163	257	14	,	,	PUNCT
gujaf-163	257	15	d.	d.	PROPN
gujaf-163	257	16	and	and	CCONJ
gujaf-163	257	17	wyplosz	wyplosz	NOUN
gujaf-163	257	18	,	,	PUNCT
gujaf-163	257	19	c.	c.	PROPN
gujaf-163	257	20	(	(	PUNCT
gujaf-163	257	21	2001	2001	NUM
gujaf-163	257	22	)	)	PUNCT
gujaf-163	257	23	,	,	PUNCT
gujaf-163	257	24	„	„	PUNCT
gujaf-163	257	25	how	how	SCONJ
gujaf-163	257	26	do	do	AUX
gujaf-163	257	27	central	central	ADJ
gujaf-163	257	28	banks	bank	NOUN
gujaf-163	257	29	talk?‟	talk?‟	PROPN
gujaf-163	257	30	,	,	PUNCT
gujaf-163	257	31	geneva	geneva	PROPN
gujaf-163	257	32	report	report	NOUN
gujaf-163	257	33	on	on	ADP
gujaf-163	257	34	the	the	DET
gujaf-163	257	35	world	world	NOUN
gujaf-163	257	36	economy	economy	NOUN
gujaf-163	257	37	3	3	NUM
gujaf-163	257	38	,	,	PUNCT
gujaf-163	257	39	icmb	icmb	PROPN
gujaf-163	257	40	.	.	PUNCT
gujaf-163	257	41	blinder	blinder	PROPN
gujaf-163	257	42	,	,	PUNCT
gujaf-163	257	43	a.s	a.s	PROPN
gujaf-163	257	44	.	.	PROPN
gujaf-163	257	45	(	(	PUNCT
gujaf-163	257	46	2008	2008	NUM
gujaf-163	257	47	)	)	PUNCT
gujaf-163	257	48	.	.	PUNCT
gujaf-163	258	1	making	make	VERB
gujaf-163	258	2	monetary	monetary	ADJ
gujaf-163	258	3	policy	policy	NOUN
gujaf-163	258	4	by	by	ADP
gujaf-163	258	5	committee	committee	NOUN
gujaf-163	258	6	.	.	PUNCT
gujaf-163	259	1	princeton	princeton	PROPN
gujaf-163	259	2	university	university	PROPN
gujaf-163	259	3	.	.	PUNCT
gujaf-163	260	1	ceps	ceps	PROPN
gujaf-163	260	2	working	work	VERB
gujaf-163	260	3	paper	paper	PROPN
gujaf-163	260	4	no	no	NOUN
gujaf-163	260	5	.	.	NOUN
gujaf-163	260	6	167	167	NUM
gujaf-163	260	7	blinder	blinder	NOUN
gujaf-163	260	8	,	,	PUNCT
gujaf-163	260	9	a.s	a.s	PROPN
gujaf-163	260	10	.	.	PROPN
gujaf-163	260	11	,	,	PUNCT
gujaf-163	260	12	ehrinann	ehrinann	PROPN
gujaf-163	260	13	,	,	PUNCT
gujaf-163	260	14	m.	m.	NOUN
gujaf-163	260	15	,	,	PUNCT
gujaf-163	260	16	fratzscher	fratzscher	NOUN
gujaf-163	260	17	,	,	PUNCT
gujaf-163	260	18	m,.de	m,.de	PROPN
gujaf-163	260	19	haan	haan	PROPN
gujaf-163	260	20	,	,	PUNCT
gujaf-163	260	21	j.	j.	PROPN
gujaf-163	260	22	,	,	PUNCT
gujaf-163	260	23	and	and	CCONJ
gujaf-163	260	24	jansen	jansen	PROPN
gujaf-163	260	25	,	,	PUNCT
gujaf-163	260	26	g.	g.	PROPN
gujaf-163	260	27	(	(	PUNCT
gujaf-163	260	28	2008).”central	2008).”central	NUM
gujaf-163	260	29	bank	bank	NOUN
gujaf-163	260	30	communication	communication	NOUN
gujaf-163	260	31	and	and	CCONJ
gujaf-163	260	32	monetary	monetary	ADJ
gujaf-163	260	33	policy	policy	NOUN
gujaf-163	260	34	”	"	PUNCT
gujaf-163	260	35	bis	bis	X
gujaf-163	260	36	working	working	PROPN
gujaf-163	260	37	paper	paper	PROPN
gujaf-163	260	38	898	898	NUM
gujaf-163	260	39	blinder	blinder	NOUN
gujaf-163	260	40	,	,	PUNCT
gujaf-163	260	41	alan	alan	PROPN
gujaf-163	260	42	s.	s.	PROPN
gujaf-163	260	43	(	(	PUNCT
gujaf-163	260	44	1998	1998	NUM
gujaf-163	260	45	)	)	PUNCT
gujaf-163	260	46	“	"	PUNCT
gujaf-163	260	47	central	central	ADJ
gujaf-163	260	48	banking	banking	NOUN
gujaf-163	260	49	in	in	ADP
gujaf-163	260	50	theory	theory	NOUN
gujaf-163	260	51	and	and	CCONJ
gujaf-163	260	52	practice	practice	NOUN
gujaf-163	260	53	.	.	PUNCT
gujaf-163	261	1	cambridge	cambridge	PROPN
gujaf-163	261	2	ma	ma	PROPN
gujaf-163	261	3	:	:	PUNCT
gujaf-163	261	4	mit	mit	PROPN
gujaf-163	261	5	press	press	NOUN
gujaf-163	261	6	.	.	PUNCT
gujaf-163	262	1	dimitrios	dimitrio	NOUN
gujaf-163	262	2	a.	a.	PROPN
gujaf-163	262	3	and	and	CCONJ
gujaf-163	262	4	stephen	stephen	PROPN
gujaf-163	262	5	h.	h.	PROPN
gujaf-163	262	6	g.	g.	PROPN
gujaf-163	262	7	(	(	PUNCT
gujaf-163	262	8	2007	2007	NUM
gujaf-163	262	9	)	)	PUNCT
gujaf-163	262	10	,	,	PUNCT
gujaf-163	262	11	applied	apply	VERB
gujaf-163	262	12	econometrics	econometric	NOUN
gujaf-163	262	13	.	.	PUNCT
gujaf-163	263	1	london	london	PROPN
gujaf-163	263	2	:	:	PUNCT
gujaf-163	263	3	palgrave	palgrave	PROPN
gujaf-163	263	4	macmillan	macmillan	PROPN
gujaf-163	263	5	publishers	publisher	NOUN
gujaf-163	263	6	,	,	PUNCT
gujaf-163	263	7	pp	pp	ADV
gujaf-163	263	8	.	.	PUNCT
gujaf-163	264	1	248	248	NUM
gujaf-163	264	2	-	-	SYM
gujaf-163	264	3	276	276	NUM
gujaf-163	264	4	.	.	PUNCT
gujaf-163	265	1	dow	dow	PROPN
gujaf-163	265	2	,	,	PUNCT
gujaf-163	265	3	s.	s.	PROPN
gujaf-163	265	4	,	,	PUNCT
gujaf-163	265	5	klaes	klaes	PROPN
gujaf-163	265	6	,	,	PUNCT
gujaf-163	265	7	m.	m.	NOUN
gujaf-163	265	8	,	,	PUNCT
gujaf-163	265	9	and	and	CCONJ
gujaf-163	265	10	montagnoli	montagnoli	NOUN
gujaf-163	265	11	,	,	PUNCT
gujaf-163	265	12	a.	a.	NOUN
gujaf-163	265	13	(	(	PUNCT
gujaf-163	265	14	2015	2015	NUM
gujaf-163	265	15	)	)	PUNCT
gujaf-163	265	16	.	.	PUNCT
gujaf-163	266	1	monetary	monetary	ADJ
gujaf-163	266	2	policy	policy	NOUN
gujaf-163	266	3	by	by	ADP
gujaf-163	266	4	signal	signal	NOUN
gujaf-163	266	5	,	,	PUNCT
gujaf-163	266	6	suerf	suerf	NOUN
gujaf-163	266	7	and	and	CCONJ
gujaf-163	266	8	bank	bank	PROPN
gujaf-163	266	9	of	of	ADP
gujaf-163	266	10	finland	finland	PROPN
gujaf-163	266	11	joint	joint	PROPN
gujaf-163	266	12	conference	conference	NOUN
gujaf-163	266	13	;	;	PUNCT
gujaf-163	266	14	open	open	ADJ
gujaf-163	266	15	market	market	NOUN
gujaf-163	266	16	operations	operation	NOUN
gujaf-163	266	17	and	and	CCONJ
gujaf-163	266	18	the	the	DET
gujaf-163	266	19	financial	financial	ADJ
gujaf-163	266	20	market	market	NOUN
gujaf-163	266	21	,	,	PUNCT
gujaf-163	266	22	holsinei	holsinei	NOUN
gujaf-163	266	23	22	22	NUM
gujaf-163	266	24	–	–	PUNCT
gujaf-163	266	25	23	23	NUM
gujaf-163	266	26	september	september	PROPN
gujaf-163	266	27	,	,	PUNCT
gujaf-163	266	28	2015	2015	NUM
gujaf-163	266	29	;	;	PUNCT
gujaf-163	266	30	revised	revise	VERB
gujaf-163	266	31	paper	paper	NOUN
gujaf-163	266	32	submitted	submit	VERB
gujaf-163	266	33	to	to	ADP
gujaf-163	266	34	conference	conference	NOUN
gujaf-163	266	35	proceedings	proceeding	NOUN
gujaf-163	266	36	,	,	PUNCT
gujaf-163	266	37	26	26	NUM
gujaf-163	266	38	october	october	PROPN
gujaf-163	266	39	,	,	PUNCT
gujaf-163	266	40	2005	2005	NUM
gujaf-163	266	41	ehrmann	ehrmann	NOUN
gujaf-163	266	42	,	,	PUNCT
gujaf-163	266	43	m.	m.	NOUN
gujaf-163	266	44	,	,	PUNCT
gujaf-163	266	45	and	and	CCONJ
gujaf-163	266	46	fratzscher	fratzscher	NOUN
gujaf-163	266	47	,	,	PUNCT
gujaf-163	266	48	m.	m.	NOUN
gujaf-163	266	49	(	(	PUNCT
gujaf-163	266	50	2017	2017	NUM
gujaf-163	266	51	)	)	PUNCT
gujaf-163	266	52	.	.	PUNCT
gujaf-163	267	1	communication	communication	NOUN
gujaf-163	267	2	by	by	ADP
gujaf-163	267	3	central	central	ADJ
gujaf-163	267	4	bank	bank	PROPN
gujaf-163	267	5	committee	committee	NOUN
gujaf-163	267	6	members	member	NOUN
gujaf-163	267	7	:	:	PUNCT
gujaf-163	267	8	different	different	ADJ
gujaf-163	267	9	strategies	strategy	NOUN
gujaf-163	267	10	,	,	PUNCT
gujaf-163	267	11	same	same	ADJ
gujaf-163	267	12	effectiveness	effectiveness	NOUN
gujaf-163	267	13	.	.	PUNCT
gujaf-163	268	1	journal	journal	NOUN
gujaf-163	268	2	of	of	ADP
gujaf-163	268	3	money	money	NOUN
gujaf-163	268	4	,	,	PUNCT
gujaf-163	268	5	credit	credit	NOUN
gujaf-163	268	6	,	,	PUNCT
gujaf-163	268	7	and	and	CCONJ
gujaf-163	268	8	banking	banking	NOUN
gujaf-163	268	9	,	,	PUNCT
gujaf-163	268	10	39(23	39(23	NOUN
gujaf-163	268	11	):	):	PUNCT
gujaf-163	268	12	509	509	NUM
gujaf-163	268	13	-	-	SYM
gujaf-163	268	14	541	541	NUM
gujaf-163	268	15	.	.	PUNCT
gujaf-163	269	1	fay	fay	PROPN
gujaf-163	269	2	,	,	PUNCT
gujaf-163	269	3	f.	f.	PROPN
gujaf-163	269	4	and	and	CCONJ
gujaf-163	269	5	gravelle	gravelle	PROPN
gujaf-163	269	6	,	,	PUNCT
gujaf-163	269	7	t.	t.	PROPN
gujaf-163	269	8	(	(	PUNCT
gujaf-163	269	9	20i0	20i0	NUM
gujaf-163	269	10	)	)	PUNCT
gujaf-163	269	11	.	.	PUNCT
gujaf-163	270	1	has	have	AUX
gujaf-163	270	2	the	the	DET
gujaf-163	270	3	inclusion	inclusion	NOUN
gujaf-163	270	4	of	of	ADP
gujaf-163	270	5	forward	forward	ADV
gujaf-163	270	6	-	-	PUNCT
gujaf-163	270	7	looking	look	VERB
gujaf-163	270	8	statements	statement	NOUN
gujaf-163	270	9	in	in	ADP
gujaf-163	270	10	monetary	monetary	ADJ
gujaf-163	270	11	policy	policy	NOUN
gujaf-163	270	12	communications	communication	NOUN
gujaf-163	270	13	made	make	VERB
gujaf-163	270	14	the	the	DET
gujaf-163	270	15	bank	bank	NOUN
gujaf-163	270	16	of	of	ADP
gujaf-163	270	17	canada	canada	PROPN
gujaf-163	270	18	more	more	ADV
gujaf-163	270	19	transparent	transparent	ADJ
gujaf-163	270	20	?	?	PUNCT
gujaf-163	271	1	bank	bank	NOUN
gujaf-163	271	2	of	of	ADP
gujaf-163	271	3	canada	canada	PROPN
gujaf-163	271	4	discussion	discussion	PROPN
gujaf-163	271	5	paper	paper	NOUN
gujaf-163	271	6	20	20	NUM
gujaf-163	271	7	i	i	PRON
gujaf-163	271	8	0	0	NUM
gujaf-163	271	9	-	-	SYM
gujaf-163	271	10	15	15	NUM
gujaf-163	271	11	november	november	NOUN
gujaf-163	271	12	2010	2010	NUM
gujaf-163	271	13	.	.	PUNCT
gujaf-163	272	1	guthrie	guthrie	PROPN
gujaf-163	272	2	,	,	PUNCT
gujaf-163	272	3	g.	g.	PROPN
gujaf-163	272	4	and	and	CCONJ
gujaf-163	272	5	wright	wright	PROPN
gujaf-163	272	6	,	,	PUNCT
gujaf-163	272	7	j.	j.	PROPN
gujaf-163	272	8	(	(	PUNCT
gujaf-163	272	9	2000	2000	NUM
gujaf-163	272	10	)	)	PUNCT
gujaf-163	272	11	.	.	PUNCT
gujaf-163	273	1	open	open	ADJ
gujaf-163	273	2	market	market	NOUN
gujaf-163	273	3	operations	operation	NOUN
gujaf-163	273	4	.	.	PUNCT
gujaf-163	274	1	journal	journal	NOUN
gujaf-163	274	2	of	of	ADP
gujaf-163	274	3	monetary	monetary	ADJ
gujaf-163	274	4	economics	economic	NOUN
gujaf-163	274	5	,	,	PUNCT
gujaf-163	274	6	46(2	46(2	NOUN
gujaf-163	274	7	):	):	PUNCT
gujaf-163	274	8	489	489	NUM
gujaf-163	274	9	-	-	SYM
gujaf-163	274	10	516	516	NUM
gujaf-163	274	11	.	.	PUNCT
gujaf-163	275	1	jakob	jakob	PROPN
gujaf-163	275	2	de	de	PROPN
gujaf-163	275	3	haan	haan	PROPN
gujaf-163	275	4	(	(	PUNCT
gujaf-163	275	5	2011	2011	NUM
gujaf-163	275	6	)	)	PUNCT
gujaf-163	275	7	.	.	PUNCT
gujaf-163	276	1	does	do	AUX
gujaf-163	276	2	central	central	PROPN
gujaf-163	276	3	bank	bank	NOUN
gujaf-163	276	4	communication	communication	NOUN
gujaf-163	276	5	really	really	ADV
gujaf-163	276	6	lead	lead	VERB
gujaf-163	276	7	to	to	ADP
gujaf-163	276	8	better	well	ADJ
gujaf-163	276	9	forecasts	forecast	NOUN
gujaf-163	276	10	of	of	ADP
gujaf-163	276	11	policy	policy	NOUN
gujaf-163	276	12	decisions	decision	NOUN
gujaf-163	276	13	?	?	PUNCT
gujaf-163	277	1	new	new	ADJ
gujaf-163	277	2	evidence	evidence	NOUN
gujaf-163	277	3	based	base	VERB
gujaf-163	277	4	on	on	ADP
gujaf-163	277	5	a	a	DET
gujaf-163	277	6	taylor	taylor	PROPN
gujaf-163	277	7	rule	rule	NOUN
gujaf-163	277	8	model	model	NOUN
gujaf-163	277	9	for	for	ADP
gujaf-163	277	10	the	the	DET
gujaf-163	277	11	ecb	ecb	PROPN
gujaf-163	277	12	rev	rev	VERB
gujaf-163	277	13	world	world	PROPN
gujaf-163	277	14	econ	econ	PROPN
gujaf-163	277	15	(	(	PUNCT
gujaf-163	277	16	2011	2011	NUM
gujaf-163	277	17	)	)	PUNCT
gujaf-163	278	1	147:41–58	147:41–58	NUM
gujaf-163	278	2	doi	doi	NOUN
gujaf-163	278	3	10.1007	10.1007	NUM
gujaf-163	278	4	/	/	SYM
gujaf-163	278	5	s10290	s10290	PROPN
gujaf-163	278	6	-	-	PUNCT
gujaf-163	278	7	010	010	NUM
gujaf-163	278	8	-	-	PUNCT
gujaf-163	278	9	0076	0076	NUM
gujaf-163	278	10	-	-	PUNCT
gujaf-163	278	11	4	4	NUM
gujaf-163	278	12	jansen	jansen	PROPN
gujaf-163	278	13	,	,	PUNCT
gujaf-163	278	14	d.	d.	PROPN
gujaf-163	278	15	,	,	PUNCT
gujaf-163	278	16	and	and	CCONJ
gujaf-163	278	17	de	de	PROPN
gujaf-163	278	18	-	-	NOUN
gujaf-163	278	19	haan	haan	PROPN
gujaf-163	278	20	,	,	PUNCT
gujaf-163	278	21	j.	j.	PROPN
gujaf-163	278	22	(	(	PUNCT
gujaf-163	278	23	2012	2012	NUM
gujaf-163	278	24	)	)	PUNCT
gujaf-163	278	25	.	.	PUNCT
gujaf-163	279	1	"	"	PUNCT
gujaf-163	279	2	to	to	ADP
gujaf-163	279	3	what	what	PRON
gujaf-163	279	4	extenet	extenet	NOUN
gujaf-163	279	5	does	do	AUX
gujaf-163	279	6	ecb	ecb	PROPN
gujaf-163	279	7	communiction	communiction	NOUN
gujaf-163	279	8	help	help	VERB
gujaf-163	279	9	in	in	ADP
gujaf-163	279	10	predicting	predict	VERB
gujaf-163	279	11	its	its	PRON
gujaf-163	279	12	interest	interest	NOUN
gujaf-163	279	13	rate	rate	NOUN
gujaf-163	279	14	decision	decision	NOUN
gujaf-163	279	15	in	in	ADP
gujaf-163	279	16	the	the	DET
gujaf-163	279	17	financial	financial	ADJ
gujaf-163	279	18	market	market	NOUN
gujaf-163	279	19	?	?	PUNCT
gujaf-163	279	20	"	"	PUNCT
gujaf-163	279	21	cesifo	cesifo	PROPN
gujaf-163	279	22	working	work	VERB
gujaf-163	279	23	paper	paper	NOUN
gujaf-163	279	24	2811	2811	NUM
gujaf-163	279	25	.	.	PUNCT
gujaf-163	280	1	kohn	kohn	PROPN
gujaf-163	280	2	,	,	PUNCT
gujaf-163	280	3	donald	donald	PROPN
gujaf-163	280	4	l.	l.	PROPN
gujaf-163	280	5	,	,	PUNCT
gujaf-163	280	6	and	and	CCONJ
gujaf-163	280	7	sack	sack	VERB
gujaf-163	280	8	,	,	PUNCT
gujaf-163	280	9	b.	b.	PROPN
gujaf-163	280	10	p.	p.	PROPN
gujaf-163	280	11	(	(	PUNCT
gujaf-163	280	12	2013	2013	NUM
gujaf-163	280	13	)	)	PUNCT
gujaf-163	280	14	.	.	PUNCT
gujaf-163	281	1	central	central	PROPN
gujaf-163	281	2	bank	bank	PROPN
gujaf-163	281	3	talk	talk	NOUN
gujaf-163	281	4	:	:	PUNCT
gujaf-163	281	5	does	do	AUX
gujaf-163	281	6	it	it	PRON
gujaf-163	281	7	matter	matter	VERB
gujaf-163	281	8	and	and	CCONJ
gujaf-163	281	9	why	why	SCONJ
gujaf-163	281	10	.	.	PUNCT
gujaf-163	282	1	in	in	ADP
gujaf-163	282	2	:	:	PUNCT
gujaf-163	282	3	macroeconomics	macroeconomic	NOUN
gujaf-163	282	4	,	,	PUNCT
gujaf-163	282	5	monetary	monetary	ADJ
gujaf-163	282	6	policy	policy	NOUN
gujaf-163	282	7	,	,	PUNCT
gujaf-163	282	8	and	and	CCONJ
gujaf-163	282	9	financial	financial	ADJ
gujaf-163	282	10	stability	stability	NOUN
gujaf-163	282	11	,	,	PUNCT
gujaf-163	282	12	ottawa	ottawa	PROPN
gujaf-163	282	13	:	:	PUNCT
gujaf-163	282	14	bank	bank	PROPN
gujaf-163	282	15	of	of	ADP
gujaf-163	282	16	canada	canada	PROPN
gujaf-163	282	17	,	,	PUNCT
gujaf-163	282	18	175	175	NUM
gujaf-163	282	19	206	206	NUM
gujaf-163	282	20	.	.	PUNCT
gujaf-163	282	21	.	.	PUNCT
gujaf-163	283	1	makram	makram	PROPN
gujaf-163	283	2	el	el	PROPN
gujaf-163	283	3	-	-	PUNCT
gujaf-163	283	4	shagi	shagi	PROPN
gujaf-163	283	5	and	and	CCONJ
gujaf-163	283	6	alexander	alexander	PROPN
gujaf-163	283	7	jung	jung	PROPN
gujaf-163	283	8	(	(	PUNCT
gujaf-163	283	9	2015	2015	NUM
gujaf-163	283	10	)	)	PUNCT
gujaf-163	283	11	has	have	AUX
gujaf-163	283	12	the	the	DET
gujaf-163	283	13	publication	publication	NOUN
gujaf-163	283	14	of	of	ADP
gujaf-163	283	15	minutes	minute	NOUN
gujaf-163	283	16	helped	help	VERB
gujaf-163	283	17	markets	market	NOUN
gujaf-163	283	18	to	to	PART
gujaf-163	283	19	predict	predict	VERB
gujaf-163	283	20	the	the	DET
gujaf-163	283	21	monetary	monetary	ADJ
gujaf-163	283	22	policy	policy	NOUN
gujaf-163	283	23	decisions	decision	NOUN
gujaf-163	283	24	of	of	ADP
gujaf-163	283	25	the	the	DET
gujaf-163	283	26	bank	bank	PROPN
gujaf-163	283	27	of	of	ADP
gujaf-163	283	28	england	england	PROPN
gujaf-163	283	29	's	's	PART
gujaf-163	283	30	mpc	mpc	PROPN
gujaf-163	283	31	?	?	PUNCT
gujaf-163	283	32	jel	jel	PROPN
gujaf-163	283	33	codes	code	NOUN
gujaf-163	283	34	:	:	PUNCT
gujaf-163	283	35	c34	c34	NOUN
gujaf-163	283	36	,	,	PUNCT
gujaf-163	283	37	d78	d78	NOUN
gujaf-163	283	38	,	,	PUNCT
gujaf-163	283	39	e52	e52	PROPN
gujaf-163	283	40	,	,	PUNCT
gujaf-163	283	41	e58	e58	PROPN
gujaf-163	283	42	gusau	gusau	PROPN
gujaf-163	283	43	journal	journal	PROPN
gujaf-163	283	44	of	of	ADP
gujaf-163	283	45	accounting	accounting	NOUN
gujaf-163	283	46	and	and	CCONJ
gujaf-163	283	47	finance	finance	NOUN
gujaf-163	283	48	,	,	PUNCT
gujaf-163	283	49	vol	vol	NOUN
gujaf-163	283	50	.	.	PUNCT
gujaf-163	283	51	2(3	2(3	NUM
gujaf-163	283	52	)	)	PUNCT
gujaf-163	283	53	,	,	PUNCT
gujaf-163	283	54	april	april	PROPN
gujaf-163	283	55	,	,	PUNCT
gujaf-163	283	56	2021	2021	NUM
gujaf-163	283	57	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	283	58	14	14	NUM
gujaf-163	283	59	mariscal	mariscal	PROPN
gujaf-163	283	60	,	,	PUNCT
gujaf-163	283	61	i.	i.	PROPN
gujaf-163	283	62	b	b	PROPN
gujaf-163	283	63	and	and	CCONJ
gujaf-163	283	64	howells	howells	PROPN
gujaf-163	283	65	,	,	PUNCT
gujaf-163	283	66	.p	.p	PROPN
gujaf-163	283	67	.	.	PUNCT
gujaf-163	284	1	(	(	PUNCT
gujaf-163	284	2	2013	2013	NUM
gujaf-163	284	3	)	)	PUNCT
gujaf-163	284	4	.	.	PUNCT
gujaf-163	285	1	central	central	ADJ
gujaf-163	285	2	bank	bank	PROPN
gujaf-163	285	3	communication	communication	NOUN
gujaf-163	285	4	,	,	PUNCT
gujaf-163	285	5	transparency	transparency	NOUN
gujaf-163	285	6	and	and	CCONJ
gujaf-163	285	7	interest	interest	NOUN
gujaf-163	285	8	rate	rate	NOUN
gujaf-163	285	9	and	and	CCONJ
gujaf-163	285	10	exchange	exchange	NOUN
gujaf-163	285	11	rate	rate	NOUN
gujaf-163	285	12	volatility	volatility	NOUN
gujaf-163	285	13	:	:	PUNCT
gujaf-163	285	14	evidence	evidence	NOUN
gujaf-163	285	15	from	from	ADP
gujaf-163	285	16	the	the	DET
gujaf-163	285	17	usa	usa	PROPN
gujaf-163	285	18	.	.	PUNCT
gujaf-163	285	19	school	school	NOUN
gujaf-163	285	20	of	of	ADP
gujaf-163	285	21	economics	economics	PROPN
gujaf-163	285	22	university	university	PROPN
gujaf-163	285	23	of	of	ADP
gujaf-163	285	24	the	the	DET
gujaf-163	285	25	west	west	NOUN
gujaf-163	285	26	of	of	ADP
gujaf-163	285	27	england	england	PROPN
gujaf-163	285	28	mariscal	mariscal	PROPN
gujaf-163	285	29	,	,	PUNCT
gujaf-163	285	30	i.	i.	PROPN
gujaf-163	285	31	b	b	PROPN
gujaf-163	285	32	and	and	CCONJ
gujaf-163	285	33	howells	howells	PROPN
gujaf-163	285	34	,	,	PUNCT
gujaf-163	285	35	.p	.p	PROPN
gujaf-163	285	36	.	.	PUNCT
gujaf-163	286	1	(	(	PUNCT
gujaf-163	286	2	2013	2013	NUM
gujaf-163	286	3	)	)	PUNCT
gujaf-163	286	4	.	.	PUNCT
gujaf-163	287	1	central	central	ADJ
gujaf-163	287	2	bank	bank	PROPN
gujaf-163	287	3	communication	communication	NOUN
gujaf-163	287	4	,	,	PUNCT
gujaf-163	287	5	transparency	transparency	NOUN
gujaf-163	287	6	and	and	CCONJ
gujaf-163	287	7	interest	interest	NOUN
gujaf-163	287	8	rate	rate	NOUN
gujaf-163	287	9	and	and	CCONJ
gujaf-163	287	10	exchange	exchange	NOUN
gujaf-163	287	11	rate	rate	NOUN
gujaf-163	287	12	volatility	volatility	NOUN
gujaf-163	287	13	:	:	PUNCT
gujaf-163	287	14	evidence	evidence	NOUN
gujaf-163	287	15	from	from	ADP
gujaf-163	287	16	the	the	DET
gujaf-163	287	17	usa	usa	PROPN
gujaf-163	287	18	.	.	PUNCT
gujaf-163	287	19	school	school	NOUN
gujaf-163	287	20	of	of	ADP
gujaf-163	287	21	economics	economics	PROPN
gujaf-163	287	22	university	university	PROPN
gujaf-163	287	23	of	of	ADP
gujaf-163	287	24	the	the	DET
gujaf-163	287	25	west	west	NOUN
gujaf-163	287	26	of	of	ADP
gujaf-163	287	27	england	england	PROPN
gujaf-163	287	28	.	.	PUNCT
gujaf-163	288	1	middeldorp	middeldorp	PROPN
gujaf-163	288	2	,	,	PUNCT
gujaf-163	288	3	m.	m.	NOUN
gujaf-163	288	4	and	and	CCONJ
gujaf-163	288	5	rosenkranz	rosenkranz	NOUN
gujaf-163	288	6	,	,	PUNCT
gujaf-163	288	7	s.	s.	PROPN
gujaf-163	288	8	:(	:(	PROPN
gujaf-163	288	9	2011	2011	NUM
gujaf-163	288	10	)	)	PUNCT
gujaf-163	288	11	,	,	PUNCT
gujaf-163	288	12	“	"	PUNCT
gujaf-163	288	13	central	central	ADJ
gujaf-163	288	14	bank	bank	NOUN
gujaf-163	288	15	communication	communication	NOUN
gujaf-163	288	16	and	and	CCONJ
gujaf-163	288	17	the	the	DET
gujaf-163	288	18	crowding	crowd	VERB
gujaf-163	288	19	out	out	ADP
gujaf-163	288	20	of	of	ADP
gujaf-163	288	21	private	private	ADJ
gujaf-163	288	22	information	information	NOUN
gujaf-163	288	23	in	in	ADP
gujaf-163	288	24	an	an	DET
gujaf-163	288	25	experimental	experimental	ADJ
gujaf-163	288	26	asset	asset	NOUN
gujaf-163	288	27	market	market	NOUN
gujaf-163	288	28	”	"	PUNCT
gujaf-163	288	29	federal	federal	PROPN
gujaf-163	288	30	reserve	reserve	PROPN
gujaf-163	288	31	bank	bank	PROPN
gujaf-163	288	32	of	of	ADP
gujaf-163	288	33	new	new	PROPN
gujaf-163	288	34	york	york	PROPN
gujaf-163	288	35	star	star	PROPN
gujaf-163	288	36	report	report	VERB
gujaf-163	288	37	487	487	NUM
gujaf-163	288	38	middeldorp	middeldorp	NOUN
gujaf-163	288	39	,	,	PUNCT
gujaf-163	288	40	m.	m.	NOUN
gujaf-163	288	41	(	(	PUNCT
gujaf-163	288	42	2011	2011	NUM
gujaf-163	288	43	)	)	PUNCT
gujaf-163	288	44	,	,	PUNCT
gujaf-163	288	45	“	"	PUNCT
gujaf-163	288	46	fomc	fomc	NOUN
gujaf-163	288	47	communication	communication	NOUN
gujaf-163	288	48	policy	policy	NOUN
gujaf-163	288	49	and	and	CCONJ
gujaf-163	288	50	the	the	DET
gujaf-163	288	51	accuracy	accuracy	NOUN
gujaf-163	288	52	of	of	ADP
gujaf-163	288	53	fed	fed	PROPN
gujaf-163	288	54	funds	fund	NOUN
gujaf-163	288	55	futures	future	NOUN
gujaf-163	288	56	”	"	PUNCT
gujaf-163	288	57	federal	federal	PROPN
gujaf-163	288	58	reserve	reserve	PROPN
gujaf-163	288	59	bank	bank	PROPN
gujaf-163	288	60	of	of	ADP
gujaf-163	288	61	new	new	PROPN
gujaf-163	288	62	york	york	PROPN
gujaf-163	288	63	star	star	PROPN
gujaf-163	288	64	report	report	PROPN
gujaf-163	288	65	491	491	NUM
gujaf-163	288	66	.	.	PUNCT
gujaf-163	289	1	morris	morris	PROPN
gujaf-163	289	2	,	,	PUNCT
gujaf-163	289	3	s.	s.	PROPN
gujaf-163	289	4	and	and	CCONJ
gujaf-163	289	5	shin	shin	PROPN
gujaf-163	289	6	,	,	PUNCT
gujaf-163	289	7	h.s	h.s	PROPN
gujaf-163	289	8	.	.	PROPN
gujaf-163	289	9	(	(	PUNCT
gujaf-163	289	10	2013	2013	NUM
gujaf-163	289	11	)	)	PUNCT
gujaf-163	289	12	.	.	PUNCT
gujaf-163	290	1	communication	communication	NOUN
gujaf-163	290	2	and	and	CCONJ
gujaf-163	290	3	monetary	monetary	ADJ
gujaf-163	290	4	policy	policy	NOUN
gujaf-163	290	5	.	.	PUNCT
gujaf-163	291	1	foundation	foundation	NOUN
gujaf-163	291	2	discussion	discussion	NOUN
gujaf-163	291	3	paper	paper	NOUN
gujaf-163	291	4	1405	1405	NUM
gujaf-163	291	5	mpcminutes	mpcminute	NOUN
gujaf-163	291	6	.	.	PUNCT
gujaf-163	292	1	http://www.cenbank.org/documents/	http://www.cenbank.org/documents/	PROPN
gujaf-163	292	2	piazzesi	piazzesi	PROPN
gujaf-163	292	3	m.	m.	NOUN
gujaf-163	292	4	(	(	PUNCT
gujaf-163	292	5	2005	2005	NUM
gujaf-163	292	6	)	)	PUNCT
gujaf-163	292	7	.	.	PUNCT
gujaf-163	293	1	term	term	NOUN
gujaf-163	293	2	structure	structure	NOUN
gujaf-163	293	3	of	of	ADP
gujaf-163	293	4	interest	interest	NOUN
gujaf-163	293	5	rates	rate	NOUN
gujaf-163	293	6	and	and	CCONJ
gujaf-163	293	7	the	the	DET
gujaf-163	293	8	macro	macro	ADJ
gujaf-163	293	9	economy	economy	NOUN
gujaf-163	293	10	.	.	PUNCT
gujaf-163	294	1	university	university	NOUN
gujaf-163	294	2	of	of	ADP
gujaf-163	294	3	chicago	chicago	PROPN
gujaf-163	294	4	,	,	PUNCT
gujaf-163	294	5	cepr	cepr	VERB
gujaf-163	294	6	&	&	CCONJ
gujaf-163	294	7	nber	nber	PROPN
gujaf-163	294	8	.	.	PUNCT
gujaf-163	295	1	cepr	cepr	PROPN
gujaf-163	295	2	summer	summer	PROPN
gujaf-163	295	3	institute	institute	PROPN
gujaf-163	295	4	,	,	PUNCT
gujaf-163	295	5	july	july	PROPN
gujaf-163	295	6	28	28	NUM
gujaf-163	295	7	,	,	PUNCT
gujaf-163	295	8	2005	2005	NUM
gujaf-163	295	9	poole	poole	NOUN
gujaf-163	295	10	,	,	PUNCT
gujaf-163	295	11	w.	w.	NOUN
gujaf-163	295	12	(	(	PUNCT
gujaf-163	295	13	2005	2005	NUM
gujaf-163	295	14	)	)	PUNCT
gujaf-163	295	15	.	.	PUNCT
gujaf-163	296	1	understanding	understand	VERB
gujaf-163	296	2	the	the	DET
gujaf-163	296	3	term	term	NOUN
gujaf-163	296	4	structure	structure	NOUN
gujaf-163	296	5	of	of	ADP
gujaf-163	296	6	interest	interest	NOUN
gujaf-163	296	7	rates	rate	NOUN
gujaf-163	296	8	.	.	PUNCT
gujaf-163	297	1	federal	federal	PROPN
gujaf-163	297	2	reserve	reserve	PROPN
gujaf-163	297	3	bank	bank	PROPN
gujaf-163	297	4	of	of	ADP
gujaf-163	297	5	st	st	PROPN
gujaf-163	297	6	.	.	PROPN
gujaf-163	297	7	louis	louis	PROPN
gujaf-163	297	8	review	review	PROPN
gujaf-163	297	9	,	,	PUNCT
gujaf-163	297	10	september	september	PROPN
gujaf-163	297	11	/	/	SYM
gujaf-163	297	12	october	october	PROPN
gujaf-163	297	13	2005,87(5	2005,87(5	PROPN
gujaf-163	297	14	):	):	PUNCT
gujaf-163	297	15	589	589	NUM
gujaf-163	297	16	-	-	SYM
gujaf-163	297	17	95	95	NUM
gujaf-163	297	18	.	.	PUNCT
gujaf-163	298	1	rachel	rachel	PROPN
gujaf-163	298	2	reeves	reeves	PROPN
gujaf-163	298	3	and	and	CCONJ
gujaf-163	298	4	michael	michael	PROPN
gujaf-163	298	5	sawicki	sawicki	PROPN
gujaf-163	298	6	(	(	PUNCT
gujaf-163	298	7	2015	2015	NUM
gujaf-163	298	8	)	)	PUNCT
gujaf-163	298	9	do	do	VERB
gujaf-163	298	10	financial	financial	ADJ
gujaf-163	298	11	markets	market	NOUN
gujaf-163	298	12	react	react	VERB
gujaf-163	298	13	to	to	ADP
gujaf-163	298	14	bank	bank	PROPN
gujaf-163	298	15	of	of	ADP
gujaf-163	298	16	england	england	PROPN
gujaf-163	298	17	communication	communication	NOUN
gujaf-163	298	18	?	?	PUNCT
gujaf-163	298	19	”	"	PUNCT
gujaf-163	298	20	jelclassification	jelclassification	NOUN
gujaf-163	298	21	:	:	PUNCT
gujaf-163	298	22	e44	e44	PROPN
gujaf-163	298	23	,	,	PUNCT
gujaf-163	298	24	e52	e52	PROPN
gujaf-163	298	25	,	,	PUNCT
gujaf-163	298	26	e58	e58	PROPN
gujaf-163	298	27	,	,	PUNCT
gujaf-163	298	28	g14	g14	PROPN
gujaf-163	298	29	ranaldo	ranaldo	PROPN
gujaf-163	298	30	,	,	PUNCT
gujaf-163	298	31	a.	a.	PROPN
gujaf-163	298	32	and	and	CCONJ
gujaf-163	298	33	e.	e.	PROPN
gujaf-163	298	34	rossi	rossi	PROPN
gujaf-163	298	35	.	.	PUNCT
gujaf-163	299	1	(	(	PUNCT
gujaf-163	299	2	2010	2010	NUM
gujaf-163	299	3	)	)	PUNCT
gujaf-163	299	4	.	.	PUNCT
gujaf-163	300	1	"	"	PUNCT
gujaf-163	300	2	the	the	DET
gujaf-163	300	3	reaction	reaction	NOUN
gujaf-163	300	4	of	of	ADP
gujaf-163	300	5	asset	asset	NOUN
gujaf-163	300	6	markets	market	NOUN
gujaf-163	300	7	to	to	ADP
gujaf-163	300	8	swiss	swiss	VERB
gujaf-163	300	9	national	national	PROPN
gujaf-163	300	10	bank	bank	PROPN
gujaf-163	300	11	communication	communication	NOUN
gujaf-163	300	12	,	,	PUNCT
gujaf-163	300	13	"	"	PUNCT
gujaf-163	300	14	journal	journal	NOUN
gujaf-163	300	15	of	of	ADP
gujaf-163	300	16	international	international	ADJ
gujaf-163	300	17	money	money	NOUN
gujaf-163	300	18	and	and	CCONJ
gujaf-163	300	19	finance	finance	NOUN
gujaf-163	300	20	,	,	PUNCT
gujaf-163	300	21	vol	vol	NOUN
gujaf-163	300	22	.	.	PUNCT
gujaf-163	300	23	29(3	29(3	NUM
gujaf-163	300	24	)	)	PUNCT
gujaf-163	300	25	,	,	PUNCT
gujaf-163	300	26	pp	pp	ADV
gujaf-163	300	27	.	.	PUNCT
gujaf-163	301	1	486	486	NUM
gujaf-163	301	2	503	503	NUM
gujaf-163	301	3	.	.	PUNCT
gujaf-163	302	1	refet	refet	VERB
gujaf-163	302	2	s.	s.	PROPN
gujaf-163	302	3	g¸	g¸	PROPN
gujaf-163	302	4	rkaynaky	rkaynaky	PROPN
gujaf-163	302	5	jonathan	jonathan	PROPN
gujaf-163	302	6	h.	h.	PROPN
gujaf-163	302	7	wrightz	wrightz	PROPN
gujaf-163	302	8	(	(	PUNCT
gujaf-163	302	9	2010	2010	NUM
gujaf-163	302	10	)	)	PUNCT
gujaf-163	302	11	macroeconomics	macroeconomic	NOUN
gujaf-163	302	12	and	and	CCONJ
gujaf-163	302	13	the	the	DET
gujaf-163	302	14	term	term	NOUN
gujaf-163	302	15	structure	structure	PROPN
gujaf-163	302	16	jel	jel	PROPN
gujaf-163	302	17	classiöcation	classiöcation	PROPN
gujaf-163	302	18	:	:	PUNCT
gujaf-163	302	19	c32	c32	NOUN
gujaf-163	302	20	,	,	PUNCT
gujaf-163	302	21	e43	e43	NOUN
gujaf-163	302	22	,	,	PUNCT
gujaf-163	302	23	e44	e44	PROPN
gujaf-163	302	24	,	,	PUNCT
gujaf-163	302	25	e58	e58	PROPN
gujaf-163	302	26	,	,	PUNCT
gujaf-163	302	27	g12	g12	PROPN
gujaf-163	302	28	rezessy	rezessy	PROPN
gujaf-163	302	29	,	,	PUNCT
gujaf-163	302	30	a.	a.	NOUN
gujaf-163	302	31	(	(	PUNCT
gujaf-163	302	32	2013	2013	NUM
gujaf-163	302	33	)	)	PUNCT
gujaf-163	302	34	.	.	PUNCT
gujaf-163	303	1	estimating	estimate	VERB
gujaf-163	303	2	the	the	DET
gujaf-163	303	3	immediate	immediate	ADJ
gujaf-163	303	4	impact	impact	NOUN
gujaf-163	303	5	of	of	ADP
gujaf-163	303	6	monetary	monetary	ADJ
gujaf-163	303	7	policy	policy	NOUN
gujaf-163	303	8	shocks	shock	NOUN
gujaf-163	303	9	on	on	ADP
gujaf-163	303	10	the	the	DET
gujaf-163	303	11	exchange	exchange	NOUN
gujaf-163	303	12	and	and	CCONJ
gujaf-163	303	13	other	other	ADJ
gujaf-163	303	14	assets	asset	NOUN
gujaf-163	303	15	prices	price	NOUN
gujaf-163	303	16	in	in	ADP
gujaf-163	303	17	hungary	hungary	PROPN
gujaf-163	303	18	.	.	PUNCT
gujaf-163	304	1	occasional	occasional	ADJ
gujaf-163	304	2	papers	paper	NOUN
gujaf-163	304	3	no	no	INTJ
gujaf-163	304	4	.	.	PROPN
gujaf-163	305	1	38	38	NUM
gujaf-163	305	2	.	.	PUNCT
gujaf-163	305	3	mnb	mnb	PROPN
gujaf-163	305	4	,	,	PUNCT
gujaf-163	305	5	2013	2013	NUM
gujaf-163	305	6	sanusi	sanusi	NOUN
gujaf-163	305	7	,	,	PUNCT
gujaf-163	305	8	a	a	DET
gujaf-163	305	9	r.	r.	PROPN
gujaf-163	305	10	(	(	PUNCT
gujaf-163	305	11	2011a	2011a	NUM
gujaf-163	305	12	)	)	PUNCT
gujaf-163	305	13	signalling	signal	VERB
gujaf-163	305	14	vs	vs	ADP
gujaf-163	305	15	cost	cost	NOUN
gujaf-163	305	16	-	-	PUNCT
gujaf-163	305	17	of	of	ADP
gujaf-163	305	18	-	-	PUNCT
gujaf-163	305	19	fund	fund	NOUN
gujaf-163	305	20	effects	effect	NOUN
gujaf-163	305	21	of	of	ADP
gujaf-163	305	22	monetary	monetary	ADJ
gujaf-163	305	23	policy	policy	NOUN
gujaf-163	305	24	in	in	ADP
gujaf-163	305	25	nigeria	nigeria	PROPN
gujaf-163	305	26	:	:	PUNCT
gujaf-163	305	27	evidence	evidence	NOUN
gujaf-163	305	28	from	from	ADP
gujaf-163	305	29	the	the	DET
gujaf-163	305	30	post	post	ADJ
gujaf-163	305	31	-	-	ADJ
gujaf-163	305	32	banking	banking	ADJ
gujaf-163	305	33	sector	sector	NOUN
gujaf-163	305	34	consolidation	consolidation	NOUN
gujaf-163	305	35	data	datum	NOUN
gujaf-163	305	36	.	.	PUNCT
gujaf-163	306	1	presented	present	VERB
gujaf-163	306	2	at	at	ADP
gujaf-163	306	3	the	the	DET
gujaf-163	306	4	annual	annual	ADJ
gujaf-163	306	5	conference	conference	NOUN
gujaf-163	306	6	of	of	ADP
gujaf-163	306	7	the	the	DET
gujaf-163	306	8	faculty	faculty	NOUN
gujaf-163	306	9	of	of	ADP
gujaf-163	306	10	administration	administration	NOUN
gujaf-163	306	11	,	,	PUNCT
gujaf-163	306	12	nasarawa	nasarawa	PROPN
gujaf-163	306	13	state	state	PROPN
gujaf-163	306	14	university	university	PROPN
gujaf-163	306	15	,	,	PUNCT
gujaf-163	306	16	keffi	keffi	PROPN
gujaf-163	306	17	,	,	PUNCT
gujaf-163	306	18	nasarawa	nasarawa	PROPN
gujaf-163	306	19	state	state	PROPN
gujaf-163	306	20	,	,	PUNCT
gujaf-163	306	21	nigeria	nigeria	PROPN
gujaf-163	306	22	,	,	PUNCT
gujaf-163	306	23	between	between	ADP
gujaf-163	306	24	17	17	NUM
gujaf-163	306	25	-	-	PUNCT
gujaf-163	306	26	19th	19th	NOUN
gujaf-163	306	27	may	may	NOUN
gujaf-163	306	28	,	,	PUNCT
gujaf-163	306	29	2011	2011	NUM
gujaf-163	306	30	sanusi	sanusi	NOUN
gujaf-163	306	31	,	,	PUNCT
gujaf-163	306	32	a	a	DET
gujaf-163	306	33	r.	r.	PROPN
gujaf-163	306	34	(	(	PUNCT
gujaf-163	306	35	2011b	2011b	NUM
gujaf-163	306	36	)	)	PUNCT
gujaf-163	306	37	signalling	signal	VERB
gujaf-163	306	38	effects	effect	NOUN
gujaf-163	306	39	of	of	ADP
gujaf-163	306	40	monetary	monetary	ADJ
gujaf-163	306	41	policy	policy	NOUN
gujaf-163	306	42	in	in	ADP
gujaf-163	306	43	nigeria	nigeria	PROPN
gujaf-163	306	44	:	:	PUNCT
gujaf-163	306	45	evidence	evidence	NOUN
gujaf-163	306	46	from	from	ADP
gujaf-163	306	47	the	the	DET
gujaf-163	306	48	new	new	ADJ
gujaf-163	306	49	central	central	ADJ
gujaf-163	306	50	bank‟s	bank‟s	ADJ
gujaf-163	306	51	communication	communication	NOUN
gujaf-163	306	52	regime	regime	NOUN
gujaf-163	306	53	.	.	PUNCT
gujaf-163	307	1	presented	present	VERB
gujaf-163	307	2	at	at	ADP
gujaf-163	307	3	the	the	DET
gujaf-163	307	4	52nd	52nd	ADJ
gujaf-163	307	5	annual	annual	ADJ
gujaf-163	307	6	conference	conference	NOUN
gujaf-163	307	7	of	of	ADP
gujaf-163	307	8	nigerian	nigerian	ADJ
gujaf-163	307	9	economic	economic	ADJ
gujaf-163	307	10	society	society	NOUN
gujaf-163	307	11	,	,	PUNCT
gujaf-163	307	12	held	hold	VERB
gujaf-163	307	13	at	at	ADP
gujaf-163	307	14	covenant	covenant	PROPN
gujaf-163	307	15	university	university	PROPN
gujaf-163	307	16	,	,	PUNCT
gujaf-163	307	17	ota	ota	PROPN
gujaf-163	307	18	,	,	PUNCT
gujaf-163	307	19	ogun	ogun	PROPN
gujaf-163	307	20	state	state	PROPN
gujaf-163	307	21	,	,	PUNCT
gujaf-163	307	22	nigeria	nigeria	PROPN
gujaf-163	307	23	between	between	ADP
gujaf-163	307	24	september	september	PROPN
gujaf-163	307	25	13	13	NUM
gujaf-163	307	26	-	-	SYM
gujaf-163	307	27	15	15	NUM
gujaf-163	307	28	,	,	PUNCT
gujaf-163	307	29	2011	2011	NUM
gujaf-163	307	30	smales	smale	NOUN
gujaf-163	307	31	,	,	PUNCT
gujaf-163	307	32	l.	l.	PROPN
gujaf-163	307	33	a.	a.	PROPN
gujaf-163	307	34	(	(	PUNCT
gujaf-163	307	35	2017	2017	NUM
gujaf-163	307	36	)	)	PUNCT
gujaf-163	307	37	.	.	PUNCT
gujaf-163	308	1	examining	examine	VERB
gujaf-163	308	2	the	the	DET
gujaf-163	308	3	effect	effect	NOUN
gujaf-163	308	4	of	of	ADP
gujaf-163	308	5	rba	rba	NOUN
gujaf-163	308	6	target	target	NOUN
gujaf-163	308	7	rate	rate	NOUN
gujaf-163	308	8	news	news	NOUN
gujaf-163	308	9	on	on	ADP
gujaf-163	308	10	the	the	DET
gujaf-163	308	11	interest	interest	NOUN
gujaf-163	308	12	rate	rate	NOUN
gujaf-163	308	13	futures	future	NOUN
gujaf-163	308	14	market	market	NOUN
gujaf-163	308	15	.	.	PUNCT
gujaf-163	309	1	international	international	ADJ
gujaf-163	309	2	research	research	PROPN
gujaf-163	309	3	journal	journal	PROPN
gujaf-163	309	4	of	of	ADP
gujaf-163	309	5	finance	finance	PROPN
gujaf-163	309	6	sturm	sturm	PROPN
gujaf-163	309	7	,	,	PUNCT
gujaf-163	309	8	j.-e	j.-e	PROPN
gujaf-163	309	9	.	.	PUNCT
gujaf-163	310	1	and	and	CCONJ
gujaf-163	310	2	j.	j.	PROPN
gujaf-163	310	3	de	de	PROPN
gujaf-163	310	4	haan	haan	PROPN
gujaf-163	310	5	(	(	PUNCT
gujaf-163	310	6	2018	2018	NUM
gujaf-163	310	7	)	)	PUNCT
gujaf-163	310	8	.	.	PUNCT
gujaf-163	311	1	does	do	AUX
gujaf-163	311	2	central	central	PROPN
gujaf-163	311	3	bank	bank	NOUN
gujaf-163	311	4	communication	communication	NOUN
gujaf-163	311	5	really	really	ADV
gujaf-163	311	6	lead	lead	VERB
gujaf-163	311	7	to	to	ADP
gujaf-163	311	8	better	well	ADJ
gujaf-163	311	9	forecasts	forecast	NOUN
gujaf-163	311	10	of	of	ADP
gujaf-163	311	11	policy	policy	NOUN
gujaf-163	311	12	decisions	decision	NOUN
gujaf-163	311	13	?	?	PUNCT
gujaf-163	312	1	new	new	ADJ
gujaf-163	312	2	evidence	evidence	NOUN
gujaf-163	312	3	based	base	VERB
gujaf-163	312	4	on	on	ADP
gujaf-163	312	5	a	a	DET
gujaf-163	312	6	taylor	taylor	PROPN
gujaf-163	312	7	rule	rule	NOUN
gujaf-163	312	8	model	model	NOUN
gujaf-163	312	9	for	for	ADP
gujaf-163	312	10	the	the	DET
gujaf-163	312	11	ecb	ecb	PROPN
gujaf-163	312	12	.	.	PUNCT
gujaf-163	313	1	review	review	PROPN
gujaf-163	313	2	of	of	ADP
gujaf-163	313	3	world	world	NOUN
gujaf-163	313	4	economics	economic	NOUN
gujaf-163	313	5	(	(	PUNCT
gujaf-163	313	6	weltwirtschaftliches	weltwirtschaftliches	PROPN
gujaf-163	313	7	archiv	archiv	PROPN
gujaf-163	313	8	)	)	PUNCT
gujaf-163	313	9	147	147	NUM
gujaf-163	313	10	(	(	PUNCT
gujaf-163	313	11	1	1	NUM
gujaf-163	313	12	)	)	PUNCT
gujaf-163	313	13	,	,	PUNCT
gujaf-163	313	14	41{58	41{58	PROPN
gujaf-163	313	15	.	.	PUNCT
gujaf-163	313	16	gusau	gusau	PROPN
gujaf-163	313	17	journal	journal	PROPN
gujaf-163	313	18	of	of	ADP
gujaf-163	313	19	accounting	accounting	NOUN
gujaf-163	313	20	and	and	CCONJ
gujaf-163	313	21	finance	finance	NOUN
gujaf-163	313	22	,	,	PUNCT
gujaf-163	313	23	vol	vol	NOUN
gujaf-163	313	24	.	.	PUNCT
gujaf-163	313	25	2(3	2(3	NUM
gujaf-163	313	26	)	)	PUNCT
gujaf-163	313	27	,	,	PUNCT
gujaf-163	313	28	april	april	PROPN
gujaf-163	313	29	,	,	PUNCT
gujaf-163	313	30	2021	2021	NUM
gujaf-163	313	31	https://doi.org/10.57233/gujaf.v2i3.163	https://doi.org/10.57233/gujaf.v2i3.163	NUM
gujaf-163	313	32	15	15	NUM