Last update on February 3, 2021

Replications files are available here.

Link to other Kanagawa pages:

kanagawa_20210126.html kanagawa_20210225.html kanagawa_20210302.html kanagawa_20210309.html kanagawa_20210316.html
kanagawa_20210323.html kanagawa_20210330.html kanagawa_20210406.html kanagawa_20210413.html kanagawa_20210420.html
kanagawa_20210427.html kanagawa_20210504.html kanagawa_latest.html

1. Baseline scenario

Baseline

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