Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.34*** -6.7 8.6% 464
Crawling Peg -0.16* -1.8 0.8% 283
Crawling Band 0 0.0 -0.3% 362
Floating 0.28** 2.2 2.9% 128
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.335*** -0.160* -0.0004 0.281**
(0.050) (0.088) (0.068) (0.127)
N 466 285 364 130
Adjusted R2 0.086 0.008 -0.003 0.029
Note: Data