Inflation Persistence Network

The Inflation Persistence Network (IPN) was established by the ECB and the national central banks of the Eurosystem with the objective to improve the understanding of the patterns and determinants of inflation persistence in the euro area, as well as firms’ price-setting behaviour.

Inflation persistence was assessed from the standpoint of firms’ price-setting policy, through the use of raw data at the product or service level, as well as from the standpoint of key macroeconomic linkages in the whole economy, through the use of a wide range of specialised macroeconomic models.

The following paper is the contribution of the Bank of Greece to IPN research output.

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