Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.57*** -6.8 11.4% 353
Crawling Peg -0.26 -1.6 0.7% 233
Crawling Band -0.01 -0.1 -0.3% 310
Floating -0.32 -1.6 1.3% 128
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.570*** -0.259 -0.009 -0.321
(0.084) (0.158) (0.095) (0.195)
N 355 235 312 130
Adjusted R2 0.114 0.007 -0.003 0.013
Note: Data