Last update on January 26, 2021

Replications files are available here.

Link to other Kanagawa pages:

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kanagawa_20210323.html kanagawa_20210330.html kanagawa_20210406.html kanagawa_20210413.html kanagawa_20210420.html
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1. Baseline scenario

Baseline

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