Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg 0.08 1.2 0.1% 473
Crawling Peg -0.12 -0.9 0% 270
Crawling Band 0.06 0.4 -0.3% 266
Floating 0.08 0.2 -0.7% 128
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment 0.084 -0.115 0.060 0.084
(0.072) (0.122) (0.139) (0.357)
N 475 272 268 130
Adjusted R2 0.001 -0.0004 -0.003 -0.007
Note: Data