Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.09*** -3.2 2.8% 326
Crawling Peg -0.09 -0.6 -2.6% 26
Crawling Band -0.73*** -5.0 47.5% 25
Floating 0.07 0.2 -11.7% 8
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.089*** -0.087 -0.727*** 0.072
(0.028) (0.153) (0.147) (0.292)
N 328 28 27 10
Adjusted R2 0.028 -0.026 0.475 -0.117
Note: Data