\pagenumbering{gobble}
| Fixed / Peg |
-0.01 |
-0.2 |
-0.1% |
1362 |
| Crawling Peg |
-0.08** |
-2.0 |
0.3% |
1137 |
| Crawling Band |
0.16 |
0.9 |
0% |
758 |
| Floating |
0.31* |
2.0 |
2.8% |
102 |
|
|
|
|
Inflation
|
|
|
Fixed / Peg
|
Crawling Peg
|
Crawling Band
|
Floating
|
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
|
|
Unemployment
|
-0.007
|
-0.083**
|
0.160
|
0.311*
|
|
|
(0.038)
|
(0.042)
|
(0.182)
|
(0.157)
|
|
|
|
|
|
|
|
N
|
1,364
|
1,139
|
760
|
104
|
|
Adjusted R2
|
-0.001
|
0.003
|
-0.0003
|
0.028
|
|
|
|
Note:
|
Data
|
| United Arab Emirates |
2008-2016 |
1 |
9 |
| Albania |
2014-2016 |
1 |
3 |
| Angola |
2005-2010 |
1 |
6 |
| Austria |
1991-2016 |
1 |
26 |
| Azerbaijan |
1992-1992 |
1 |
1 |
| Azerbaijan |
1996-2014 |
2 |
19 |
| Barbados |
1991-2016 |
1 |
26 |
| Bangladesh |
2012-2016 |
1 |
5 |
| Belgium |
1991-2016 |
1 |
26 |
| Burkina Faso |
1991-2016 |
1 |
26 |
| Bulgaria |
1998-2016 |
1 |
19 |
| Bahrain |
1991-2016 |
1 |
26 |
| Burundi |
2004-2004 |
1 |
1 |
| Benin |
1993-2016 |
1 |
24 |
| Bolivia |
2008-2016 |
1 |
9 |
| Bhutan |
1991-2016 |
1 |
26 |
| Belarus |
2003-2010 |
1 |
8 |
| Belize |
1991-2016 |
1 |
26 |
| Central African Republic |
1991-2016 |
1 |
26 |
| Switzerland |
2012-2014 |
1 |
3 |
| Cameroon |
1991-2016 |
1 |
26 |
| China |
1994-2005 |
1 |
12 |
| Cabo Verde |
1991-2016 |
1 |
26 |
| Cyprus |
1992-2016 |
1 |
25 |
| Germany |
1999-2016 |
1 |
18 |
| Djibouti |
2001-2016 |
1 |
16 |
| Denmark |
1999-2016 |
1 |
18 |
| Ecuador |
2000-2016 |
1 |
17 |
| Estonia |
1993-2016 |
1 |
24 |
| Spain |
1994-2016 |
1 |
23 |
| Finland |
1995-2016 |
1 |
22 |
| France |
1991-2016 |
1 |
26 |
| Gabon |
1991-2016 |
1 |
26 |
| Equatorial Guinea |
1991-2016 |
1 |
26 |
| Greece |
1991-2016 |
1 |
26 |
| Guinea-Bissau |
1997-2016 |
1 |
20 |
| Guyana |
2010-2016 |
1 |
7 |
| Honduras |
2005-2011 |
1 |
7 |
| Croatia |
1999-2016 |
1 |
18 |
| Ireland |
1997-2016 |
1 |
20 |
| India |
1992-1995 |
1 |
4 |
| Iraq |
2009-2016 |
1 |
8 |
| Italy |
1997-2016 |
1 |
20 |
| Jordan |
1996-2016 |
1 |
21 |
| Cambodia |
1998-2016 |
1 |
19 |
| Comoros |
2001-2013 |
1 |
13 |
| Kuwait |
2003-2016 |
1 |
14 |
| Lebanon |
2009-2016 |
1 |
8 |
| Lesotho |
1991-1996 |
1 |
6 |
| Lesotho |
2000-2016 |
2 |
17 |
| Lithuania |
1994-2016 |
1 |
23 |
| Luxembourg |
1991-2016 |
1 |
26 |
| Latvia |
1994-1994 |
1 |
1 |
| Latvia |
2010-2016 |
2 |
7 |
| Morocco |
2009-2016 |
1 |
8 |
| Moldova |
1995-1997 |
1 |
3 |
| Montenegro |
2006-2016 |
1 |
11 |
| Mali |
1991-2016 |
1 |
26 |
| Malta |
2008-2016 |
1 |
9 |
| Maldives |
1991-2016 |
1 |
26 |
| Malawi |
1995-1997 |
1 |
3 |
| Mexico |
1992-1993 |
1 |
2 |
| Malaysia |
1999-2005 |
1 |
7 |
| Namibia |
2003-2016 |
1 |
14 |
| Niger |
1991-2016 |
1 |
26 |
| Netherlands |
1991-2016 |
1 |
26 |
| Nepal |
1993-1995 |
1 |
3 |
| Oman |
2001-2016 |
1 |
16 |
| Panama |
1991-2016 |
1 |
26 |
| Philippines |
1996-1997 |
1 |
2 |
| Portugal |
1994-2016 |
1 |
23 |
| Qatar |
1991-2016 |
1 |
26 |
| Romania |
2013-2016 |
1 |
4 |
| Saudi Arabia |
1991-2016 |
1 |
26 |
| Slovenia |
1991-1991 |
1 |
1 |
| Slovenia |
2002-2016 |
2 |
15 |
| Slovak Republic |
1992-1992 |
1 |
1 |
| Slovak Republic |
2009-2016 |
2 |
8 |
| Senegal |
1991-2016 |
1 |
26 |
| Suriname |
2001-2015 |
1 |
15 |
| El Salvador |
1991-2016 |
1 |
26 |
| Chad |
1991-2016 |
1 |
26 |
| Togo |
1991-2016 |
1 |
26 |
| Thailand |
1991-1997 |
1 |
7 |
| Ukraine |
2000-2013 |
1 |
14 |
| Zimbabwe |
2010-2016 |
1 |
7 |
| Afghanistan |
2005-2016 |
1 |
12 |
| Albania |
1998-2013 |
1 |
16 |
| Armenia |
1996-2016 |
1 |
21 |
| Angola |
2011-2015 |
1 |
5 |
| Bangladesh |
1991-2011 |
1 |
21 |
| Burundi |
2005-2016 |
1 |
12 |
| Bolivia |
1991-2007 |
1 |
17 |
| Brazil |
1995-1998 |
1 |
4 |
| Botswana |
1991-2015 |
1 |
25 |
| Belarus |
2013-2015 |
1 |
3 |
| Canada |
1991-2001 |
1 |
11 |
| China |
1993-1993 |
1 |
1 |
| China |
2006-2016 |
2 |
11 |
| Costa Rica |
1991-2016 |
1 |
26 |
| Cyprus |
1991-1991 |
1 |
1 |
| Czech Republic |
1992-1995 |
1 |
4 |
| Czech Republic |
1997-2016 |
2 |
20 |
| Denmark |
1991-1998 |
1 |
8 |
| Dominican Republic |
1993-2003 |
1 |
11 |
| Dominican Republic |
2005-2016 |
2 |
12 |
| Algeria |
1995-2016 |
1 |
22 |
| Ecuador |
1997-1997 |
1 |
1 |
| Spain |
1991-1993 |
1 |
3 |
| Ethiopia |
1997-2007 |
1 |
11 |
| Ethiopia |
2009-2016 |
2 |
8 |
| Finland |
1991-1994 |
1 |
4 |
| Fiji |
1991-2016 |
1 |
26 |
| Georgia |
2002-2016 |
1 |
15 |
| Ghana |
2001-2010 |
1 |
10 |
| Guinea |
2005-2005 |
1 |
1 |
| Guinea |
2009-2016 |
2 |
8 |
| Guatemala |
1991-2016 |
1 |
26 |
| Guinea-Bissau |
1991-1992 |
1 |
2 |
| Guyana |
1995-2009 |
1 |
15 |
| Honduras |
1999-2004 |
1 |
6 |
| Honduras |
2012-2016 |
2 |
5 |
| Croatia |
1995-1998 |
1 |
4 |
| Haiti |
2004-2015 |
1 |
12 |
| Hungary |
1994-1998 |
1 |
5 |
| Hungary |
2009-2016 |
2 |
8 |
| Indonesia |
1991-1997 |
1 |
7 |
| Indonesia |
2007-2015 |
2 |
9 |
| Ireland |
1991-1996 |
1 |
6 |
| India |
1991-1991 |
1 |
1 |
| India |
1996-2008 |
2 |
13 |
| India |
2013-2016 |
3 |
4 |
| Iraq |
2007-2008 |
1 |
2 |
| Iceland |
1991-2000 |
1 |
10 |
| Italy |
1991-1996 |
1 |
6 |
| Jamaica |
1994-2016 |
1 |
23 |
| Jordan |
1993-1995 |
1 |
3 |
| Kenya |
1996-2016 |
1 |
21 |
| Kyrgyz Republic |
2000-2014 |
1 |
15 |
| Cambodia |
1995-1997 |
1 |
3 |
| Kuwait |
1991-2002 |
1 |
12 |
| Kazakhstan |
1996-2015 |
1 |
20 |
| Sri Lanka |
1991-1999 |
1 |
9 |
| Sri Lanka |
2001-2016 |
2 |
16 |
| Liberia |
2006-2016 |
1 |
11 |
| Latvia |
2002-2004 |
1 |
3 |
| Libya |
2002-2016 |
1 |
15 |
| Morocco |
2001-2008 |
1 |
8 |
| Moldova |
2000-2014 |
1 |
15 |
| Moldova |
2016-2016 |
2 |
1 |
| Myanmar |
2002-2015 |
1 |
14 |
| Mongolia |
1998-2016 |
1 |
19 |
| Mauritania |
1993-2016 |
1 |
24 |
| Malta |
2001-2007 |
1 |
7 |
| Mauritius |
1993-2016 |
1 |
24 |
| Malawi |
2004-2011 |
1 |
8 |
| Mexico |
1991-1991 |
1 |
1 |
| Malaysia |
1991-1997 |
1 |
7 |
| Mozambique |
2011-2014 |
1 |
4 |
| Nigeria |
2004-2014 |
1 |
11 |
| Nicaragua |
2000-2016 |
1 |
17 |
| Nepal |
1991-1991 |
1 |
1 |
| Nepal |
1996-2010 |
2 |
15 |
| Nepal |
2013-2016 |
3 |
4 |
| Peru |
1994-2002 |
1 |
9 |
| Peru |
2012-2016 |
2 |
5 |
| Philippines |
1991-1992 |
1 |
2 |
| Philippines |
2000-2004 |
2 |
5 |
| Pakistan |
1994-2016 |
1 |
23 |
| Poland |
2012-2016 |
1 |
5 |
| Portugal |
1991-1993 |
1 |
3 |
| Paraguay |
1991-1999 |
1 |
9 |
| Romania |
2007-2012 |
1 |
6 |
| Rwanda |
1991-1993 |
1 |
3 |
| Rwanda |
1996-2016 |
2 |
21 |
| Solomon Islands |
1991-2016 |
1 |
26 |
| Sudan |
1997-2011 |
1 |
15 |
| Sudan |
2014-2016 |
2 |
3 |
| Sweden |
1991-1992 |
1 |
2 |
| Sweden |
1999-2008 |
2 |
10 |
| Slovenia |
1993-2001 |
1 |
9 |
| Slovak Republic |
1993-1997 |
1 |
5 |
| Slovak Republic |
1999-2008 |
2 |
10 |
| Sierra Leone |
2007-2014 |
1 |
8 |
| Tajikistan |
2003-2016 |
1 |
14 |
| Tunisia |
1991-2016 |
1 |
26 |
| Tonga |
1991-2009 |
1 |
19 |
| Tanzania |
1996-2006 |
1 |
11 |
| Tanzania |
2009-2016 |
2 |
8 |
| Uruguay |
1991-1991 |
1 |
1 |
| Uruguay |
1996-2001 |
2 |
6 |
| Uzbekistan |
2011-2016 |
1 |
6 |
| Vietnam |
1996-2016 |
1 |
21 |
| Samoa |
1991-2016 |
1 |
26 |
| Azerbaijan |
2015-2015 |
1 |
1 |
| Burundi |
1991-1995 |
1 |
5 |
| Burundi |
1997-2003 |
2 |
7 |
| Brunei Darussalam |
1991-2016 |
1 |
26 |
| Brazil |
2000-2016 |
1 |
17 |
| Botswana |
2016-2016 |
1 |
1 |
| Canada |
2002-2016 |
1 |
15 |
| Switzerland |
1991-2011 |
1 |
21 |
| Switzerland |
2015-2016 |
2 |
2 |
| Chile |
1991-2016 |
1 |
26 |
| China |
1991-1992 |
1 |
2 |
| Colombia |
1991-2016 |
1 |
26 |
| Czech Republic |
1996-1996 |
1 |
1 |
| Dominican Republic |
1992-1992 |
1 |
1 |
| Algeria |
1991-1993 |
1 |
3 |
| Ecuador |
1994-1996 |
1 |
3 |
| Ethiopia |
1991-1996 |
1 |
6 |
| United Kingdom |
1991-2008 |
1 |
18 |
| Georgia |
1999-2001 |
1 |
3 |
| Ghana |
1991-1993 |
1 |
3 |
| Ghana |
1997-1999 |
2 |
3 |
| Ghana |
2011-2016 |
3 |
6 |
| Guinea |
2006-2008 |
1 |
3 |
| Honduras |
1991-1998 |
1 |
8 |
| Haiti |
1991-1992 |
1 |
2 |
| Haiti |
1995-2001 |
2 |
7 |
| Haiti |
2016-2016 |
3 |
1 |
| Hungary |
1991-1993 |
1 |
3 |
| Hungary |
1999-2008 |
2 |
10 |
| Indonesia |
1999-2006 |
1 |
8 |
| Indonesia |
2016-2016 |
2 |
1 |
| Israel |
1991-2016 |
1 |
26 |
| India |
2009-2012 |
1 |
4 |
| Iraq |
1991-2005 |
1 |
15 |
| Iceland |
2001-2016 |
1 |
16 |
| Jamaica |
1993-1993 |
1 |
1 |
| Jordan |
1991-1992 |
1 |
2 |
| Kenya |
1991-1991 |
1 |
1 |
| Kenya |
1994-1995 |
2 |
2 |
| Kyrgyz Republic |
2015-2016 |
1 |
2 |
| Sri Lanka |
2000-2000 |
1 |
1 |
| Latvia |
1995-2001 |
1 |
7 |
| Latvia |
2005-2009 |
2 |
5 |
| Libya |
1991-2001 |
1 |
11 |
| Morocco |
1991-2000 |
1 |
10 |
| Madagascar |
1991-1993 |
1 |
3 |
| Madagascar |
1996-2016 |
2 |
21 |
| Myanmar |
1991-1992 |
1 |
2 |
| Myanmar |
1994-1996 |
2 |
3 |
| Myanmar |
2016-2016 |
3 |
1 |
| Mauritania |
1991-1992 |
1 |
2 |
| Malta |
1991-2000 |
1 |
10 |
| Mauritius |
1991-1992 |
1 |
2 |
| Malawi |
2000-2003 |
1 |
4 |
| Malawi |
2012-2015 |
2 |
4 |
| Mexico |
1994-1994 |
1 |
1 |
| Mexico |
1996-2016 |
2 |
21 |
| Malaysia |
2006-2016 |
1 |
11 |
| Mozambique |
2005-2010 |
1 |
6 |
| Nigeria |
1996-2003 |
1 |
8 |
| Norway |
1991-2016 |
1 |
26 |
| Nepal |
1992-1992 |
1 |
1 |
| Nepal |
2011-2012 |
2 |
2 |
| New Zealand |
1991-2016 |
1 |
26 |
| Peru |
2003-2011 |
1 |
9 |
| Philippines |
1993-1995 |
1 |
3 |
| Philippines |
1998-1999 |
2 |
2 |
| Philippines |
2005-2016 |
3 |
12 |
| Pakistan |
1991-1993 |
1 |
3 |
| Poland |
1995-2011 |
1 |
17 |
| Paraguay |
2000-2016 |
1 |
17 |
| Romania |
2001-2006 |
1 |
6 |
| Sweden |
1993-1998 |
1 |
6 |
| Sweden |
2009-2016 |
2 |
8 |
| Singapore |
1991-2016 |
1 |
26 |
| Slovak Republic |
1998-1998 |
1 |
1 |
| Sierra Leone |
2015-2016 |
1 |
2 |
| Suriname |
1996-1997 |
1 |
2 |
| Thailand |
1998-2016 |
1 |
19 |
| Tonga |
2010-2016 |
1 |
7 |
| Turkey |
1998-2000 |
1 |
3 |
| Turkey |
2003-2016 |
2 |
14 |
| Tanzania |
1991-1991 |
1 |
1 |
| Tanzania |
1994-1995 |
2 |
2 |
| Tanzania |
2007-2008 |
3 |
2 |
| Ukraine |
1999-1999 |
1 |
1 |
| Ukraine |
2016-2016 |
2 |
1 |
| Uganda |
1994-2016 |
1 |
23 |
| Uruguay |
2002-2016 |
1 |
15 |
| Vanuatu |
1991-2016 |
1 |
26 |
| South Africa |
1995-2016 |
1 |
22 |
| Zambia |
2002-2015 |
1 |
14 |
| Albania |
1994-1995 |
1 |
2 |
| Australia |
1991-2016 |
1 |
26 |
| Germany |
1991-1998 |
1 |
8 |
| United Kingdom |
2009-2016 |
1 |
8 |
| Japan |
1991-2016 |
1 |
26 |
| Liberia |
2002-2005 |
1 |
4 |
| Malawi |
1991-1993 |
1 |
3 |
| Malaysia |
1998-1998 |
1 |
1 |
| United States |
1991-2016 |
1 |
26 |