Frederick Robertson Macaulay (August 12, 1882 – March 1970) was a Canadian economist of the Institutionalist School.
[1] 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 worked at the National Bureau of Economic Research from 1921 until 1938.
[2] In 1938, Macaulay became research director of the Twentieth Century Fund.
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