Background
Macaulay, Frederick Robertson was born on August 12, 1882 in Montreal, Canada. Son of Thomas Bassett and Henrietta Maria (Bragg) Macaulay.
economist university professor
Macaulay, Frederick Robertson was born on August 12, 1882 in Montreal, Canada. Son of Thomas Bassett and Henrietta Maria (Bragg) Macaulay.
Student McGill University, Montreal, 1899-1902, Colorado College, 1906-1907, University of Arizona, 1907-1908. Bachelor of Arts, University of Colorado, 1909, Master of Arts, 1910, Bachelor of Laws, 1911. Doctor of Philosophy, Columbia, 1922.
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). Macaulay was born in Montreal to a family influential in Montreal business.
His father, Thomas Bassett Macaulay, being a well-known actuary.
He obtained his bachelor"s and master"s degrees from the University of Colorado in 1909 and 1920, respectively. He also obtained a law degree in 1911.
In 1924, he obtained a Doctor of Philosophy from Columbia University. Macaulay worked at the National Bureau of Economic Research from 1921 until 1938.
He also taught at the New School of Social Research.
In 1938, Macaulay became research director of the Twentieth Century Fund. and Durand Doctorate.
Fellow American Statistical Association.
Married Beulah Ines Stearns, 1910. Children: Barbara Elizabeth, Marjorie Janet.