Last update on January 26, 2021

Replications files are available here.

Link to other Chiba pages:

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chiba_20210316.html chiba_20210323.html chiba_20210330.html chiba_20210406.html chiba_20210413.html
chiba_20210420.html chiba_20210427.html chiba_20210504.html chiba_latest.html

1. Baseline scenario

Baseline

Source: Authors’ calculation.
Note: See Fujii and Nakata (2021) for a detailed discussion of the scenario.