Felix Kübler (born in

Bochum Bochum (, ; ; ; ) is a city in North Rhine-Westphalia. With a population of 372,348 (April 2023), it is the sixth-largest city (after Cologne, Düsseldorf, Dortmund, Essen and Duisburg) in North Rhine-Westphalia, the most populous German federa ...

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 Zurich (UZH, ) is a public university, public research university in Zurich, Switzerland. It is the largest university in Switzerland, with its 28,000 enrolled students. It was founded in 1833 from the existing colleges of the ...

. His research interests include

computational economics Computational economics is an interdisciplinary research discipline that combines methods in computational science and economics to solve complex economic problems.''Computational Economics''."About This Journal"an"Aims and Scope" This subject e ...

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 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 lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

, Felix Kübler earned a

Diplom A ''Diplom'' (, from ) 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, Bosnia and Herzegovina, Croatia ...

from the

University of Bonn The University of Bonn, officially the Rhenish Friedrich Wilhelm University of Bonn (), is a public research university in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the () on 18 October 1818 by Frederick Willi ...

in 1994, followed by a M.A. and a Ph.D. in

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

from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

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

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

(1999-2004) before moving to the

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

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

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

(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 an institute organized as a non-profit foundation. Its purpose is to competitively foster university institutions and networks in research and teaching, aimed at strengthening the position of Switzerland's scie ...

. 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 ...

'', ''

Economic Theory Economics () is a behavioral 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 anal ...

'', ''

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 journa ...

'', ''

Operations Research Operations research () (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a branch of applied mathematics that deals with the development and application of analytical methods to improve management and ...

'', 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 (Un ...

''. He also is a Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians o ...

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 The return on equity (ROE) is a measure of the profitability of a business in relation to its equity; where: : Jason Fernando (2023)"Return on Equity (ROE) Calculation and What It Means" Investopedia Thus, ROE is equal to a fiscal year's net in ...

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 In probability theory and statistics, a Markov chain or Markov process is a stochastic process describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event. Informally ...

, 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 model, Ramsey–Cass–Koopmans neoclassical growth mo ...

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