Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.36*** -5.1 6.6% 353
Crawling Peg -0.03 -0.3 -0.5% 205
Crawling Band 0.15** 2.0 1.1% 274
Floating 0.14 1.1 0.4% 87
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.364*** -0.029 0.153** 0.139
(0.071) (0.109) (0.077) (0.121)
N 355 207 276 89
Adjusted R2 0.066 -0.005 0.011 0.004
Note: Data