Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.89*** -7.9 15.3% 329
Crawling Peg -0.8*** -3.2 6.3% 217
Crawling Band -1.05*** -4.4 6.8% 291
Floating -1.29*** -4.9 22% 124
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.890*** -0.804*** -1.052*** -1.285***
(0.113) (0.248) (0.238) (0.262)
N 355 235 312 130
Adjusted R2 0.153 0.063 0.068 0.220
Note: Data