Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.77*** -6.0 9.7% 326
Crawling Peg -0.66*** -3.0 3.4% 226
Crawling Band -0.66*** -2.9 2.8% 259
Floating -1.24*** -4.1 11% 128
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.771*** -0.659*** -0.665*** -1.235***
(0.128) (0.219) (0.228) (0.300)
N 328 228 261 130
Adjusted R2 0.097 0.034 0.028 0.110
Note: Data