This article considers the potential statistical problems resulting from the use of averaged rather than end-of-period data in financial research. Averaged data are widely employed throughout the literature without explicit recognition that the use of such data results in biased estimates of the...

This collection of twelve essays is based on the premise that a better understanding of the economic development process can be gained by studying the history of those countries that have experienced long-term economic success, in this case the United States during the nineteenth century - that...

This article provides a consistent monthly stock price index from January 1871 through 1999. The broadly defined Samp;P Weekly Index is reconstructed from 1918 and carried forward as the Samp;P 500 Composite Index to the present. Cowles's monthly index is improved in order to provide month-end...