Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.95*** -7.5 17.8% 239
Crawling Peg -0.9*** -3.5 5.4% 187
Crawling Band -0.89*** -2.9 2.3% 198
Floating -1.69*** -5.1 20.8% 123
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.952*** -0.905*** -0.892*** -1.688***
(0.126) (0.255) (0.303) (0.328)
N 256 199 210 129
Adjusted R2 0.178 0.054 0.023 0.208
Note: Data