Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.88*** -7.9 13.6% 352
Crawling Peg -0.78*** -3.4 9.2% 224
Crawling Band -0.96*** -4.3 6.9% 309
Floating -1.31*** -5.3 23.3% 125
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.876*** -0.775*** -0.962*** -1.314***
(0.111) (0.229) (0.223) (0.247)
N 381 243 331 131
Adjusted R2 0.136 0.092 0.069 0.233
Note: Data