Inflation and Exchange Rate Shocks in the Presence of Parallel Markets

<b>Toni Oki</b> & Olalekan Bello
This is a preliminary draft and may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised.
CONFERENCE HELD June 24-25, 2026
Book: NBER International Seminar on Macroeconomics 2026
Book organizers: Jeffrey A. Frankel & Hélène Rey
PUBLISHER: Elsevier, Journal of International Economics
Series: NBER International Seminar on Macroeconomics
  • <b>Toni Oki</b> and Olalekan Bello, NBER International Seminar on Macroeconomics 2026 (Elsevier, Journal of International Economics, 2026), https://www.nber.org/books-and-chapters/book-fran-15-stub/inflation-and-exchange-rate-shocks-presence-parallel-markets.

More from the NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on Entrepreneurship — as well as online conference reports, video lectures, and interviews.

2026, 18th Annual Feldstein Lecture, Mark Duggan, "Social Security Reform in an Era of Fiscal Deficits" Primary tabs
2026, 18th Annual Feldstein Lecture, Mark Duggan, "Social Security Reform in an Era of Fiscal Deficits"
  • Feldstein Lecture
Mark Duggan, who is currently the Wayne and Jodi Cooperman Professor of Economics at Stanford University and will soon...
SI 2026 Methods Lecture
2026, Methods Lecture, Melissa Dell and Ashesh Rambachan, "Estimation and Inference with AI-Generated Data"
  • Methods Lectures
Research Associate Melissa Dell of Harvard University and Ashesh Rambachan of MIT delivered the 2026 Methods...
Using AI in Household Finance Research: A Practical Guide
2026, SI Household Finance, Paul Goldsmith-Pinkham, "Using AI in Household Finance Research: A Practical Guide"
  • Video
Supported by the Vanguard Group