Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.74*** -7.6 18.3% 254
Crawling Peg -0.83*** -4.6 9.1% 197
Crawling Band -0.01 -0.1 -0.5% 208
Floating -0.19 -0.6 -0.5% 127
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.745*** -0.828*** -0.011 -0.187
(0.098) (0.181) (0.116) (0.291)
N 256 199 210 129
Adjusted R2 0.183 0.091 -0.005 -0.005
Note: Data