Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.09 -1.2 0.1% 277
Crawling Peg -0.03 -0.3 -0.5% 177
Crawling Band -0.25 -1.5 1.1% 96
Floating 0.05 0.4 -0.7% 127
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.089 -0.031 -0.249 0.055
(0.076) (0.104) (0.171) (0.134)
N 279 179 98 129
Adjusted R2 0.001 -0.005 0.011 -0.007
Note: Data