Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.3*** -6.2 17.2% 181
Crawling Peg -0.46** -2.4 8.3% 52
Crawling Band -0.6 -0.3 -5.3% 17
Floating 0.07 0.2 -16% 6
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.305*** -0.465** -0.600 0.070
(0.049) (0.194) (1.897) (0.392)
N 183 54 19 8
Adjusted R2 0.172 0.083 -0.053 -0.160
Note: Data