Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.52*** -6.0 12.7% 328
Crawling Peg 0.27** 2.0 23% 188
Crawling Band -0.23** -2.3 26.9% 254
Floating -0.28*** -2.9 7.3% 83
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.521*** 0.273** -0.228** -0.284***
(0.087) (0.138) (0.100) (0.097)
N 352 206 276 89
Adjusted R2 0.127 0.230 0.269 0.073
Note: Data