Frederick R. Macaulay
Frederick Robertson Macaulay (also Frederic Macaulay; born August 12, 1882 in Montreal ; † March 1970 in Great Neck on Long Island , New York ) was a Canadian economist who, together with John Richard Hicks, developed essential knowledge and concepts of financial theory in 1938 . The sensitivity figure duration goes back to his research.
Life
Frederick Macaulay was born in Montreal to Thomas Bassett and Henrietta Macaulay. His father was the chief accountant and the grandfather, Robertson Macaulay, president of the Sun Life Assurance Company of Canada . He had a younger brother, Douglas.
Frederick studied at the University of Colorado at Boulder , where he achieved a bachelor's degree in 1909 and a master 's degree in 1920 . He obtained a law degree (LL.B.) in 1911. Until he was awarded a Ph. D. by Columbia University in 1924, he was employed at the University of Washington and the University of California . On the latter, from 1916 to 1920, he held the position of assistant professor in the field of economics and statistics .
He worked at the National Bureau of Economic Research between 1921 and 1938. In addition to this activity, Macaulay taught from 1921 to 1926 at the New School of Social Research in New York City . In 1938 Macaulay was appointed Research Director of the Twentieth Century Fund.
Macaulay practiced as a lawyer in Berkeley in 1921 . Together with Allen M. Bernstein, he founded "Bernstein-Macaulay Inc." in New York in 1934. He was Vice President of this investment consulting firm until 1961.
Works
- Money, credit and the price of securities , University of Colorado (1910)
- The Movements of Interest Rates. Bond Yields and Stock Prices in the United States since 1856 , New York: National Bureau of Economic Research, 1938.
- Zs. With D. Durand: Short selling on the New York Stock Exchange , New York: Twentieth Century Fund, 1951.
Web links
- Works by and about Frederick R. Macaulay at Open Library (contains full text of The personal distribution of income in the United States )
- Geoffrey Poitras: "Frederick R. Macaulay, Frank M. Redington and the Emergence of Modern Fixed Income Analysis" (PDF file; 165 kB)
| personal data | |
|---|---|
| SURNAME | Macaulay, Frederick R. |
| ALTERNATIVE NAMES | Macaulay, Frederick Robertson |
| BRIEF DESCRIPTION | Canadian economist |
| DATE OF BIRTH | August 12, 1882 |
| PLACE OF BIRTH | Montreal |
| DATE OF DEATH | March 1970 |
| Place of death | Long Island , New York |