Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.29*** -8.3 11% 543
Crawling Peg -0.47*** -4.1 4.4% 333
Crawling Band -0.86*** -4.8 5% 422
Floating -0.16 -1.1 0.1% 129
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.287*** -0.470*** -0.861*** -0.158
(0.035) (0.116) (0.179) (0.147)
N 545 335 424 131
Adjusted R2 0.110 0.044 0.050 0.001
Note: Data