Federal Reserve Bank of Minneapolis Quarterly Review

Finn E. Kydland · Edward C. Prescott

This 1990 Federal Reserve Bank of Minneapolis Quarterly Review paper argues that reporting business cycle facts without first assuming the data are generated by some probability model is a legitimate …

Edward C. Prescott

This 1986 Federal Reserve Bank of Minneapolis Quarterly Review piece is Edward Prescott's direct reply, in the same issue, to Lawrence Summers's "Some Skeptical Observations on Real Business Cycle …

George T. McCandless Jr. · Warren E. Weber

This 1995 Federal Reserve Bank of Minneapolis Quarterly Review paper by George T. McCandless Jr. and Warren E. Weber documents three long-run monetary facts across 110 countries: money growth tracks …

Lawrence H. Summers

This 1986 Federal Reserve Bank of Minneapolis Quarterly Review piece, responding directly to Edward Prescott's companion article "Theory Ahead of Business Cycle Measurement" in the same issue, argues …