Exchange Rate Regime	PC Slope	t-stat	Adj. R2	N
Fixed / Peg	0.05	1.4	0.3%	320
Crawling Peg	0.18	1.5	1.7%	65
Crawling Band	0.18	1.4	1%	100
Floating	0.69*	2.0	12.2%	22

	Inflation
	Fixed / Peg	Crawling Peg	Crawling Band	Floating
	(1)	(2)	(3)	(4)
Unemployment	0.053	0.185	0.180	0.692*
	(0.039)	(0.127)	(0.127)	(0.338)
N	322	67	102	24
Adjusted R2	0.003	0.017	0.010	0.122
Note:	Data