Bahmani-Oskooee, Mohsen; Xi, Dan - In: Journal of Post Keynesian Economics 34 (2011) 2, pp. 319-330
Inflation uncertainty, measured by the volatility of inflation, is said to have a negative effect on domestic consumption by making the public more cautious about their spending. Since exchange rate volatility contributes to inflation volatility, we conjecture that it could have a direct effect...