Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.13 -1.1 -1.4% 302
Crawling Peg 1.69*** 2.8 31.4% 50
Crawling Band -0.33 -0.8 2.3% 89
Floating 3.05** 2.5 36% 7
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.128 1.687*** -0.327 3.051**
(0.122) (0.609) (0.386) (1.232)
N 322 60 99 10
Adjusted R2 -0.014 0.314 0.023 0.360
Note: Data