Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.4** -2.2 4.9% 74
Crawling Peg -0.49*** -3.2 5.2% 171
Crawling Band -0.04 -0.4 -0.2% 369
Floating 0.35*** 3.0 6.4% 114
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.399** -0.486*** -0.035 0.353***
(0.181) (0.151) (0.087) (0.119)
N 76 173 371 116
Adjusted R2 0.049 0.052 -0.002 0.064
Note: Data