Felix Kubler

University of Zurich

Rämistrasse 71

Zürich, CH-8006

Switzerland

Swiss Finance Institute

Senior Chair

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

SCHOLARLY PAPERS

30

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Top 13,913

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4,364

SSRN CITATIONS
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SSRN RANKINGS

Top 4,592

in Total Papers Citations

86

CROSSREF CITATIONS

213

Scholarly Papers (30)

1.

Bond Ladders and Optimal Portfolios

Swiss Finance Institute Research Paper No. 08-32
Number of pages: 44 Posted: 27 Oct 2008 Last Revised: 23 Feb 2018
Kenneth L. Judd, Felix Kubler and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD Lausanne
Downloads 538 (63,637)
Citation 1

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Bond ladders, reinvestment risk, portfolio choice, bonds, consol

2.
Downloads 401 ( 90,688)
Citation 24

Collateral Requirements and Asset Prices

Swiss Finance Institute Research Paper No. 11-10
Number of pages: 35 Posted: 27 Mar 2011 Last Revised: 13 Jan 2014
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
Downloads 383 (94,880)
Citation 10

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Bubbles, collateral constraints, collateral premium, endogenous margins.

Collateral Requirements and Asset Prices

Bundesbank Discussion Paper No. 44/2013
Number of pages: 41 Posted: 21 Jun 2016
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
Downloads 18 (665,179)
Citation 5

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collateral constraints, collateral premium, endogenous margins, heterogeneous agents, leverage

Collateral Requirements and Asset Prices

International Economic Review, Vol. 56, Issue 1, pp. 1-25, 2015
Number of pages: 25 Posted: 24 Jan 2015
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
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3.

Life-Cycle Portfolio Choice, the Wealth Distribution and Asset Prices

Swiss Finance Institute Research Paper No. 10-21
Number of pages: 37 Posted: 19 May 2010 Last Revised: 12 Sep 2015
Felix Kubler and Karl Schmedders
University of Zurich and IMD Lausanne
Downloads 384 (95,676)
Citation 13

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OLG economy, heterogeneous beliefs, wealth distribution, asset price volatility

4.

The Robustness of the CAPM: A Computational Approach

Tilburg University, CentER Working Paper No. 1999-54
Number of pages: 34 Posted: 14 Mar 2000
P. Jean-Jacques Herings and Felix Kubler
Maastricht University and University of Zurich
Downloads 312 (120,138)
Citation 4

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Borrowing Costs and the Demand for Equity Over the Life Cycle

AFA 2004 San Diego Meetings , FRB of Boston Working Paper No. 05-7
Number of pages: 42 Posted: 30 Dec 2003
Steven J. Davis, Felix Kubler and Paul Willen
University of Chicago, University of Zurich and Federal Reserve Bank of Boston - Research Department
Downloads 244 (154,095)
Citation 12

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Borrowing Costs and the Demand for Equity Over the Life Cycle

NBER Working Paper No. w9331
Number of pages: 45 Posted: 16 Nov 2002 Last Revised: 02 Jul 2021
Steven J. Davis, Felix Kubler and Paul Willen
University of Chicago, University of Zurich and Federal Reserve Bank of Boston - Research Department
Downloads 46 (494,881)
Citation 7

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6.

Inferior Good and Giffen Behavior for Investing and Borrowing

Forthcoming, American Economic Review
Number of pages: 21 Posted: 01 Nov 2011 Last Revised: 13 Oct 2012
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 213 (176,121)
Citation 2

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Re-Use of Collateral: Leverage, Volatility, and Welfare

Swiss Finance Institute Research Paper No. 17-04
Number of pages: 31 Posted: 07 Feb 2017
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
Downloads 172 (213,476)
Citation 4

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heterogeneous agents, leverage, re-use of collateral, volatility, welfare

Re-use of Collateral: Leverage, Volatility, and Welfare

ECB Working Paper No. 2218
Number of pages: 42 Posted: 20 Dec 2018
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
Downloads 40 (523,686)
Citation 1

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heterogeneous agents, leverage, re-use of collateral, volatility, welfare

8.

Computing Equilibria in Finance Economies

Number of pages: 16 Posted: 25 Jan 2001
P. Jean-Jacques Herings and Felix Kubler
Maastricht University and University of Zurich
Downloads 180 (205,131)
Citation 1

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Computational methods, asset pricing, general equilibrium, incomplete markets

9.

Social Security and Risk Sharing

CESifo Working Paper Series No. 1705, University Ca' Foscari of Venice, Dept. of Economics Research Paper Series No. 38/06
Number of pages: 41 Posted: 11 May 2006
Piero Gottardi and Felix Kubler
European University Institute - Department of Economics and University of Zurich
Downloads 170 (215,533)
Citation 1

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intergenerational risk sharing, social security, ex ante welfare improvements, interim optimality, price effects

10.

Approximate CAPM When Preferences are CRRA

METEOR Research Memorandum RM/03/040
Number of pages: 22 Posted: 16 Feb 2004
P. Jean-Jacques Herings and Felix Kubler
Maastricht University and University of Zurich
Downloads 169 (216,625)

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asset pricing, genereal equilibrium, incomplete markets

11.
Downloads 165 (221,034)
Citation 8

Margin Regulation and Volatility

Swiss Finance Institute Research Paper No. 13-59
Number of pages: 40 Posted: 13 Dec 2013
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and IMD Lausanne
Downloads 134 (262,899)
Citation 5

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collateral constraints, general equilibrium, heterogeneous agents, margin requirements, Regulation T.

Margin Regulation and Volatility

ECB Working Paper No. 1698
Number of pages: 41 Posted: 27 Jul 2014
Karlsruhe Institute of Technology, University of Zurich, European Central Bank (ECB) and IMD Lausanne
Downloads 31 (572,966)
Citation 2

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collateral constraints, general equilibrium, heterogeneous agents, margin requirements, Regulation T

Collateralized Borrowing and Life-Cycle Portfolio Choice

FRB of Boston Working Paper No. 06-4, AFA 2007 Chicago Meetings Paper
Number of pages: 48 Posted: 17 Mar 2006
Paul Willen and Felix Kubler
Federal Reserve Bank of Boston - Research Department and University of Zurich
Downloads 128 (272,129)

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portfolio choice, collateral

Collateralized Borrowing and Life-Cycle Portfolio Choice

NBER Working Paper No. w12309
Number of pages: 49 Posted: 14 Jul 2006 Last Revised: 19 Feb 2021
Paul Willen and Felix Kubler
Federal Reserve Bank of Boston - Research Department and University of Zurich
Downloads 29 (585,428)

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13.

Competitive Equilibria in Semi-Algebraic Economies

PIER Working Paper No. 07-013
Number of pages: 37 Posted: 28 Mar 2007
Felix Kubler and Karl Schmedders
University of Zurich and IMD Lausanne
Downloads 137 (257,502)
Citation 7

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Computable general equilibrium, semi-algebraic economy, Groebner bases

Non-Parametric Counterfactual Analysis in Dynamic General Equilibrium

Swiss Finance Institute Research Paper No. 09-05
Number of pages: 26 Posted: 30 Mar 2009
Felix Kubler and Karl Schmedders
University of Zurich and IMD Lausanne
Downloads 73 (394,352)
Citation 1

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Dynamic general equilibrium, non-parametric analysis, observable restrictions

Non-Parametric Counterfactual Analysis in Dynamic General Equilibrium

PIER Working Paper No. 07-027
Number of pages: 26 Posted: 19 Sep 2007
Felix Kubler and Karl Schmedders
University of Zurich and IMD Lausanne
Downloads 62 (430,816)
Citation 2

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Dynamic general equilibrium, non-parametric analysis, observable restrictions.

15.

A Solution Method for Incomplete Asset Markets Wih Heterogeneous Agents

Number of pages: 27 Posted: 14 Jun 2006
Karl Schmedders, Kenneth L. Judd and Felix Kubler
IMD Lausanne, Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 126 (274,356)
Citation 3

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16.

Asset Demand Based Tests of Expected Utility Maximization

American Economic Review, Forthcoming, Columbia Business School Research Paper No. 13-27
Number of pages: 30 Posted: 14 May 2013 Last Revised: 25 Feb 2014
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 119 (286,203)

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17.

Dollar Denominated Debt and Optimal Security Design

Cowles Foundation Discussion Paper No. 1449
Number of pages: 31 Posted: 23 Apr 2004
John Geanakoplos and Felix Kubler
Yale University and University of Zurich
Downloads 113 (296,572)

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Dollar debt, Currency, Indexed bonds, Security design, Capital controls

18.

Testable Implications of General Equilibrium Theory: A Differentiable Approach

Brown University, Economics Working Paper No. 02-10
Number of pages: 18 Posted: 05 May 2002
Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE), Columbia University - Graduate School of Arts and Sciences, Department of Economics, University of Zurich and University of British Columbia (UBC) - Faculty of Education
Downloads 95 (333,190)

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Aggregation, Equilibrium, Identification, Testability

19.

Theory of Inverse Demand: Financial Assets

Columbia Business School Research Paper No. 12-12
Number of pages: 18 Posted: 31 Oct 2011 Last Revised: 08 Feb 2012
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 75 (384,185)
Citation 2

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20.

When is a Risky Asset 'Urgently Needed'?

Forthcoming, American Economic Journal: Microeconomics
Number of pages: 30 Posted: 12 Oct 2012 Last Revised: 30 Jul 2013
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 70 (399,013)
Citation 2

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Recursive Contracts, Lotteries and Weakly Concave Pareto Sets

PIER Working Paper No. 10-038
Number of pages: 33 Posted: 18 Dec 2010 Last Revised: 13 Mar 2012
Harold L. Cole and Felix Kubler
University of Pennsylvania - Department of Economics and University of Zurich
Downloads 43 (508,979)
Citation 3

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Recursive Contracting, Recursive Multipliers, Lotteries

Recursive Contracts, Lotteries and Weakly Concave Pareto Sets

NBER Working Paper No. w17064
Number of pages: 32 Posted: 23 May 2011 Last Revised: 15 Feb 2021
Harold L. Cole and Felix Kubler
University of Pennsylvania - Department of Economics and University of Zurich
Downloads 13 (705,276)
Citation 2

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Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method

NBER Working Paper No. t0345
Number of pages: 31 Posted: 15 Oct 2007 Last Revised: 13 Jun 2021
Ben Malin, Dirk Krueger and Felix Kubler
Federal Reserve Bank of Minneapolis, University of Pennsylvania - Department of Economics and University of Zurich
Downloads 33 (561,340)

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Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method

NBER Working Paper No. w13517
Number of pages: 31 Posted: 08 Jun 2012 Last Revised: 09 Jun 2021
Ben Malin, Dirk Krueger and Felix Kubler
Federal Reserve Bank of Minneapolis, University of Pennsylvania - Department of Economics and University of Zurich
Downloads 20 (649,741)
Citation 1

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23.

Approximate Generalizations and Applied Equilibrium Analysis

Number of pages: 22 Posted: 09 May 2005
Felix Kubler
University of Zurich
Downloads 48 (477,336)

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o-minimal economies, computational general equilibrium

24.

Expected Utility Preferences for Contingent Claims and Lotteries

Columbia Business School Research Paper No. 14-31
Number of pages: 27 Posted: 30 Jul 2014 Last Revised: 15 Oct 2014
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 36 (532,148)

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expected utility, contingent claim demand, additive separability, lottery preferences, contingent claim preference

25.

Pareto Improving Social Security Reform When Financial Markets are Incomplete?

NBER Working Paper No. w9410
Number of pages: 33 Posted: 03 Jan 2003 Last Revised: 20 Mar 2021
Dirk Krueger and Felix Kubler
University of Pennsylvania - Department of Economics and University of Zurich
Downloads 34 (542,537)
Citation 10

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26.

Integrability of Demand in Incomplete Markets: Kreps-Porteus-Selden Preferences

Columbia Business School Research Paper No. 17-26
Number of pages: 48 Posted: 01 Mar 2017
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 30 (564,248)
Citation 1

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Kreps-Porteus-Selden preferences, expected utility, contingent claims, integrability, incomplete markets

27.

Pareto Improving Social Security Reform When Financial Markets are Incomplete

CEPR Discussion Paper No. 5039
Number of pages: 34 Posted: 13 Sep 2005
Dirk Krueger and Felix Kubler
University of Pennsylvania - Department of Economics and University of Zurich
Downloads 25 (594,993)
Citation 15
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Social security reform, aggregate fluctuations, intergenerational risk sharing, incomplete markets

28.

Demand Tests for Expected Utility in Incomplete Markets

Columbia Business School Research Paper No. 16-22
Number of pages: 21 Posted: 25 Feb 2016
Felix Kubler, Larry Selden and Xiao Wei
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads 21 (621,876)

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Expected utility, contingent claims, demand tests, incomplete markets

29.

Pareto Improving Social Security Reform When Financial Markets are Incomplete!?

CFS Working Paper No. 2005/12
Posted: 06 May 2005
Dirk Krueger and Felix Kubler
University of Pennsylvania - Department of Economics and University of Zurich

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Social Security Reform, Aggregate Fluctuations, Intergenerational Risk Sharing, Incomplete Markets

30.

Asset Trading Volume with Dynamically Complete Markets and Heterogeneous Agents

Posted: 18 Oct 2003
Kenneth L. Judd, Felix Kubler and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD Lausanne

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