Frederick Macaulay
(1882-1970)
Canadian economist
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Frederick Robertson Macaulay (August 12, 1882 – March 1970) was a Canadian economist of the Institutionalist School. He is known for introducing the concept of bond duration. Macaulay's contributions also include a mammoth empirical study of the time series behavior of interest rates published in 1938 and a study of short selling on the New York Stock Exchange (Macaulay and Durand, 1951). The term "Macaulay duration" is named after him.
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| Born |
12 August 1882
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| Died |
1970 (aged 87)
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| Zodiac | Leo |
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