Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.23*** -9.1 13.2% 543
Crawling Peg -0.23*** -3.0 2.4% 329
Crawling Band -0.06 -0.8 -0.1% 425
Floating 0.28*** 2.7 4.7% 131
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.229*** -0.229*** -0.060 0.276***
(0.025) (0.077) (0.079) (0.101)
N 543 329 425 131
Adjusted R2 0.132 0.024 -0.001 0.047
Note: Data