Exchange Rate Regime PC Slope t-stat Adj. R2 N
Fixed / Peg -0.41*** -10.1 16% 527
Crawling Peg -0.39*** -5.6 9.8% 282
Crawling Band 0 0.0 -0.5% 206
Floating 0.18 0.5 -0.6% 129
Inflation
Fixed / Peg Crawling Peg Crawling Band Floating
(1) (2) (3) (4)
Unemployment -0.407*** -0.392*** 0.001 0.180
(0.040) (0.070) (0.126) (0.342)
N 529 284 208 131
Adjusted R2 0.160 0.098 -0.005 -0.006
Note: Data