\pagenumbering{gobble}

Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.03 -1.5 0.2% 522
Crawling Peg -0.09* -1.8 0.7% 318
Crawling Band -0.03 -0.6 -0.1% 415
Floating -0.09 -1.5 0.9% 128
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.033 -0.088* -0.033 -0.087
(0.022) (0.049) (0.053) (0.060)
N 524 320 417 130
Adjusted R2 0.002 0.007 -0.001 0.009
Note: Data