Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021
crisis and the global financial crisis. In light of the current economic downturn, this paper argues that Southeast Asian … financial crisis on the natural interest rate using local projections. We find that the natural interest rate has tended to … over a period ranging from the early 1990s to 2020. We also estimate the effect of the Asian financial crisis and global …