Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.2*** -4.2 4.3% 362
Crawling Peg -0.09 -1.0 -0.1% 131
Crawling Band -0.01 -0.1 -0.4% 266
Floating -0.02 -0.2 -1.1% 91
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.196*** -0.095 -0.009 -0.021
(0.047) (0.098) (0.078) (0.104)
N 364 133 268 93
Adjusted R2 0.043 -0.001 -0.004 -0.011
Note: Data