Only Google can answer that question for sure but having just seen one of my websites outranked by a flood of utter gargbage Exact Match Domains I’m going to go out on a limb and say no it doesn’t.
I’ve learned a valuable but hopefully not too expensive lesson here, from now on when buying keyword orientated domains I’m going to stick with having all the keywords I want before the TLD extension. So for example if I wanted to rank a wesbite for “fishing net” I’d much rather have agoodfishingnet.com as opposed to fishing.net! You should never underestimate just how valuable having your primary target phrase in the domain name can be, or so I’ve just found out. On the negative side there goes all my great ideas for .tv domains, good for snazzy sounding branding, a load of rubbish for ranking (unless you use besttv.tv etc of course).
In a related topic I’d assumed all the fuss made about EMD names would have lowered their value, it certainly doesn’t seem to be the case.