Over the last decade house prices increased remarkably in many countries. However, whilein several countries there was an employment boom in the construction sector, in others theshare of employment in this sector did not significantly change...

With the beginnings of a worldwide burgeoning development of matched firm-employee data,it is worthwhile to examine the possibilities for using these data...

We develop a structural multi-factor labour demand model which distinguishes between eightlabour categories including non-standard types of employment such as marginalemployment. The model is estimated for both the number of workers and total working hoursusing a new panel data set...

How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...

This paper addresses the question of why inflation has not yet converged to price stability in Central America and the Dominican Republic and is currently relatively high by Latin American standards. It suggests that despite the institutional strengthening of monetary policy, important flaws...