working paper series no 413 november 2004 an empirical analysis of price setting behaviour in the netherlands period 1998 2003 using micro data by nicole jonker carsten folkertsma and harry blijenberg eurosystem inflation persistence network all publications will carry a motif taken from 100 banknote 1 2 3 4 this research is part joint effort euro area central banks has been initiated as ipn we thank rob vet for his outstanding assistance would like to anonymous referee bouke buitenkamp peter van els vlaar marco hoeberichts ad stokman participants members groups particular their helpful comments on earlier versions express our gratitude towards statistics cécile schut jan walschots giving us opportunity use