Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.22*** -7.7 14.7% 334
Crawling Peg -0.06 -0.4 -2.5% 33
Crawling Band -0.39** -2.2 11.6% 27
Floating 0.7** 3.2 47.7% 9
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.218*** -0.060 -0.394** 0.702**
(0.028) (0.145) (0.182) (0.221)
N 336 35 29 11
Adjusted R2 0.147 -0.025 0.116 0.477
Note: Data