Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.75*** -8.6 17.1% 355
Crawling Peg -0.61*** -3.5 4.5% 235
Crawling Band -0.06 -0.6 -0.2% 312
Floating -0.06 -0.2 -0.7% 130
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.745*** -0.611*** -0.060 -0.058
(0.087) (0.175) (0.102) (0.237)
N 355 235 312 130
Adjusted R2 0.171 0.045 -0.002 -0.007
Note: Data