This paper examines the impact of Uber, the world's largest ride-hailing firm, on congestion. Drawing on data from large urban areas in Europe and the United States for the period 2008 through 2016, it finds a negative impact of Uber on congestion in Europe and a positive impact in the United...

We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...