Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg 0.41*** 3.3 14.9% 310
Crawling Peg 0 0.0 8% 184
Crawling Band -0.14 -0.3 19.5% 266
Floating 3.22*** 3.3 9.4% 124
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment 0.411*** 0.003 -0.142 3.220***
(0.123) (0.490) (0.441) (0.988)
N 310 184 266 124
Adjusted R2 0.149 0.080 0.195 0.094
Note: Data