Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.79** -2.6 12.4% 39
Crawling Peg -0.55*** -3.2 7.2% 119
Crawling Band -0.1 -1.2 0.1% 321
Floating 0.32*** 3.4 8.5% 110
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.787** -0.555*** -0.102 0.320***
(0.304) (0.172) (0.087) (0.095)
N 41 121 323 112
Adjusted R2 0.124 0.072 0.001 0.085
Note: Data