Untersucht wird die Entstehung und anschließende Entwicklung der Low-Cost Carrier (LCC) auf der Ebene einer explorativen Analyse im europäischen Luftverkehrsmarkt. Folgende Aspekte stehen hierbei im Mittelpunkt der Betrachtung: (1) Marktstruktur und Marktentwicklung (2) existierende...

The present paper uses survey data on expected consumer price developments to analyse the role of inflation expectations in the inflation process. The survey measures of price expectations are derived from the European Commission's Consumer Survey and from the surveys of professional experts...

This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation dynamics. Its forecasting performance is also...

Headline inflation in the euro area jumped to more than three percent in the summer after years of relatively low inflation rates well below the target of close to but below two percent set by the ECB until July 2021. One of the main reasons for the rise in inflation is the increase in energy...