Felix Kübler (born in

Bochum Bochum ( , also , ; wep, Baukem) is a city in North Rhine-Westphalia. With a population of 364,920 (2016), is the sixth largest city (after Cologne, Düsseldorf, Dortmund, Essen and Duisburg) of the most populous Germany, German federal state o ...

on December 13, 1969)Curriculum vitae of Felix Kübler (status: 2017) from the website of the University of Zurich
Retrieved April 29th, 2018. is a German

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

who currently works as Professor of Financial Economics at the

University of Zurich The University of Zürich (UZH, german: Universität Zürich) is a public research university located in the city of Zürich, Switzerland. It is the largest university in Switzerland, with its 28,000 enrolled students. It was founded in 1833 f ...

. His research interests include

computational economics Computational Economics is an interdisciplinary research discipline that involves computer science, economics, and management science.''Computational Economics''."About This Journal"an"Aims and Scope" This subject encompasses computational modeli ...

general equilibrium theory In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an ov ...

and portfolio choice. In 2012, he was awarded the

Gossen Prize The Gossen Prize is an annual award given by the Verein für Socialpolitik to German-speaking economists under the age of 45 whose work gained international recognition. The jury—the extended committee of the Verein für Socialpolitik—especiall ...

in recognition of his contributions to economic research.

Biography

A native of

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, Felix Kübler earned a

Diplom A ''Diplom'' (, from grc, δίπλωμα ''diploma'') is an academic degree in the German-speaking countries Germany, Austria, and Switzerland and a similarly named degree in some other European countries including Albania, Bulgaria, Belarus ...

from the

University of Bonn The Rhenish Friedrich Wilhelm University of Bonn (german: Rheinische Friedrich-Wilhelms-Universität Bonn) is a public research university located in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the ( en, Rhine U ...

in 1994, followed by a

M.A. A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...

and a

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

from

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

in 1995 and 1999. After his graduation, he became assistant professor at

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

(1999-2004) before moving to the

University of Mannheim The University of Mannheim (German: ''Universität Mannheim''), abbreviated UMA, is a public research university in Mannheim, Baden-Württemberg, Germany. Founded in 1967, the university has its origins in the ''Palatine Academy of Sciences'', ...

as professor of economics (2004–06). Following a brief position as associate professor of economics at the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

(2006–08), Kübler has been working since 2008 as Professor of Financial Economics at the

and as Senior Chair of the

Swiss Finance Institute The Swiss Finance Institute (SFI) is a national center for research, doctoral training, knowledge exchange, and continuing education in the fields of banking and finance. Created in 2006 as a public–private partnership, SFI is a common initiative ...

. He performs editorial duties for several academic reviews, including the ''

Econometrica ''Econometrica'' is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is Gui ...

'', ''

Economic Theory Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

'', ''

International Economic Review The ''International Economic Review'', (IER) is a quarterly peer-reviewed scientific journal in economics published by the Economics Department of the University of Pennsylvania and Osaka University. The journal's focus is wide and includes many a ...

'', ''

Journal of Mathematical Economics The ''Journal of Mathematical Economics'' is a bimonthly peer-reviewed academic journal of mathematical economics published by Elsevier. It covers work in economic theory that expresses economic ideas using formal mathematical reasoning. The jour ...

'', ''

Operations Research Operations research ( en-GB, operational research) (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve deci ...

'', and ''

Quantitative Economics ''Quantitative Economics'' is a peer-reviewed open access academic journal covering econometrics. It is sponsored by the Econometric Society, was established in 2010, and is published by Wiley-Blackwell. The editor-in-chief is Christopher Taber (U ...

''. He also is a Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...

Research

Felix Kübler's research focuses on

and

. According to

IDEAS/RePEc Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, ...

, Kübler belongs to the top 4% of economists as ranked by research output. Key findings of his research include the following: * The introduction of social security can Pareto-improve social welfare by sharing aggregate risks between generations, but the reform's crowding-out effect on capital tends to overturn these gains in welfare (with Dirk Krueger). * A borrowing interest rate equal to the expected return on equity minimizes the demand for equity (with Steven J. Davis and Paul Willen). * Competitive equilibria always exist in models with a single perishable consumption good and productive assets as the only collateral, and, assuming that all exogenous variables follow a

Markov chain A Markov chain or Markov process is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event. Informally, this may be thought of as, "What happe ...

, there are also stationary equilibria, which can be characterized by a mapping from the exogenous shock and current distribution of financial wealth to prices and portfolio choices (with Karl Schmedders). * Together with Dirk Krueger, Kübler has developed a method to compute equilibria in

overlapping generations model The overlapping generations (OLG) model is one of the dominating frameworks of analysis in the study of macroeconomic dynamics and economic growth. In contrast, to the Ramsey–Cass–Koopmans neoclassical growth model in which individuals are ...

s with stochastic production based on Smolyak's algorithm.

Selected publications

* Brown, D.J., Kübler, F. (2008). ''Computational Aspects of General Equilibrium Theory''. Heidelberg: Springer-Verlag.

References

External links

Profile of Felix Kübler on the website of the University of Zurich
* {{DEFAULTSORT:Kübler, Felix Living people 1969 births German economists Academic staff of the University of Zurich Financial economists University of Bonn alumni Yale University alumni Fellows of the Econometric Society