Some Theoretical Problems suggested by The Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1856

Some Theoretical Problems suggested by The Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1856
Frederick R. Macaulay

Book Description: National Bureau of Economic Research, New York, 1938. Hardcover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, Blue cloth boards with gilt title to spine, Assumed First Edition. Ex-Libary, 586 pp.

Book Condition: Good, library spine label has been sanded off (see photo) gentle bumping to corners, slight shelf wear to edges and spine extremes, spine straight, binding tight. Slight discoloration to endpapers, previous library card holder has been sanded off of front end papers, slight uniform tanning to pages appropriate to the age of this title, otherwise text is free of marks and blemishes. No Dust Jacket.

Contents: Chapter I: Introduction, Chapter II: The Concept of Long Term Interest Rates Chapter III: Some Theoretical and Practical Difficulties of Comparing Long Term Interest Rates at Different and Especially at Widely Separated Dates, Chapter IV: The Relation of the Movements of Bond Yields to the Grades of the Bonds--Economic 'Drift', Chapter V: Bond Yields Economic 'Drift' and the Prices of Common Stocks, Chapter VI: Interest Rates and Commodity Prices, Chapter VII: Factual Leads and Lags and Empirical Forecasting. Appendices: A: Tables, B: Professor Irving Fisher's Statistical Measures of 'Price Change', C: The Meaning of Gold Yields of Bonds Payable Principal and Interest in Currency, D: Methods for Computing Cyclical and Trend Graduations and Moving Seasonals, E: Short Term Interest Rates. 240 pages of text and 351 pages of appendices consisting of tables and charts, 6 have been enlarged and tipped-in. Important Title.

Status: SOLD to Private Collection in US.