The Movement of Interest Rates, Bond Yields And Stock Prices in the United States Since 1856.
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Rare First Edition of Frederick Macaulay's The Movement of Interest Rates, Bond Yields And Stock Prices in the United States Since 1856
The Movement of Interest Rates, Bond Yields And Stock Prices in the United States Since 1856.
MACAULAY, Frederick R.
Item Number: 38094
New York: National Bureau of Economic Research, 1938.
First edition of the work known for introducing the concept of bond duration. Octavo, original blue cloth. In near fine condition. With a preface by Wesley C. Mitchell.
The Movement of Interest Rates, Bond Yields And Stock Prices is a classic collection of raw data and analysis of the movements of interest rates, bond yields and stock prices in the United States between 1856 and 1936. It comments on issues such as leads and lags and empirical forecasting.
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