Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg 0.07* 1.9 9.9% 215
Crawling Peg 0.16 1.3 1.1% 95
Crawling Band -0.1 -1.4 17.8% 154
Floating 0.64*** 3.9 21.9% 49
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment 0.069* 0.156 -0.098 0.642***
(0.036) (0.120) (0.069) (0.167)
N 233 107 168 53
Adjusted R2 0.099 0.011 0.178 0.219
Note: Data