Karl Schmedders

University of Zurich

Moussonstrasse 15

Zürich, CH-8044

Switzerland

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 8,471

SSRN RANKINGS

Top 8,471

in Total Papers Downloads

5,261

CITATIONS
Rank 11,318

SSRN RANKINGS

Top 11,318

in Total Papers Citations

36

Scholarly Papers (28)

1.

Optimal and Naive Diversification in Currency Markets

Swiss Finance Institute Research Paper No. 12-36
Number of pages: 36 Posted: 11 Dec 2012 Last Revised: 04 Feb 2016
Fabian Ackermann, Walt Pohl and Karl Schmedders
Zurcher Kantonalbank, NHH Norwegian School of Economics and University of Zurich
Downloads 913 (24,090)

Abstract:

Loading...

Carry trade, currency, mean-variance analysis, portfolio optimization.

2.

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 University of Zurich
Downloads 517 (51,866)

Abstract:

Loading...

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

3.
Downloads 379 ( 75,704)
Citation 2

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
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 365 (78,478)
Citation 2

Abstract:

Loading...

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
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 14 (565,320)
Citation 2

Abstract:

Loading...

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
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

4.

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 University of Zurich
Downloads 347 (83,917)

Abstract:

Loading...

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

5.

A Polynomial Optimization Approach to Principal-Agent Problems

Econometrica, Forthcoming, Swiss Finance Institute Research Paper No. 12-35
Number of pages: 49 Posted: 03 Dec 2012 Last Revised: 15 Oct 2014
Philipp Renner and Karl Schmedders
Lancaster University and University of Zurich
Downloads 313 (94,171)

Abstract:

Loading...

Principal-agent model, moral hazard, first order approach, polynomials

6.

Higher-Order Effects in Asset-Pricing Models with Long-Run Risks

Journal of Finance, Forthcoming
Number of pages: 60 Posted: 20 Dec 2014 Last Revised: 19 May 2017
Walt Pohl, Karl Schmedders and Ole Wilms
NHH Norwegian School of Economics, University of Zurich and Tilburg School of Economics and Management
Downloads 267 (111,654)

Abstract:

Loading...

Asset pricing, discretization, log-linearization, nonlinear dynamics, projection methods

7.

A Large-Scale Optimization Model for Replicating Portfolios in the Life Insurance Industry

Swiss Finance Institute Research Paper No. 16-04
Number of pages: 44 Posted: 04 Feb 2016
University of Zurich, Students, Zurich Insurance Group, University of Zurich - Institute of Business Administration and University of Zurich
Downloads 238 (125,624)

Abstract:

Loading...

Insurance regulation; liability cash flows; linear programming; out-of-sample tests; replicating portfolios; Solvency II

8.

Two-Fund Separation in Dynamic General Equilibrium

Number of pages: 24 Posted: 15 Jun 2006
Karl Schmedders
University of Zurich
Downloads 225 (132,812)
Citation 2

Abstract:

Loading...

portfolio separation, dynamically complete markets, consol, one-period bond

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

Swiss Finance Institute Research Paper No. 17-04
Number of pages: 31 Posted: 07 Feb 2017
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 162 (179,485)

Abstract:

Loading...

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
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 22 (514,665)

Abstract:

Loading...

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

10.

Asset Prices with Non-Permanent Shocks to Consumption

Swiss Finance Institute Research Paper No. 14-41
Number of pages: 44 Posted: 15 Jun 2014 Last Revised: 07 Dec 2018
Walt Pohl, Karl Schmedders and Ole Wilms
NHH Norwegian School of Economics, University of Zurich and Tilburg School of Economics and Management
Downloads 166 (175,657)

Abstract:

Loading...

Asset prices, equity premium, unit root, non-permanent shocks.

11.

Dynamic Principal-Agent Models

Swiss Finance Institute Research Paper No. 16-26
Number of pages: 32 Posted: 14 Apr 2016 Last Revised: 23 Feb 2018
Philipp Renner and Karl Schmedders
Lancaster University and University of Zurich
Downloads 154 (187,071)

Abstract:

Loading...

Optimal unemployment tax, principal-agent model, repeated moral hazard

12.

Finding All Pure-Strategy Equilibria in Games with Continuous Strategies

Quantitative Economics 3 (2 2012), Swiss Finance Institute Research Paper No. 10-45
Number of pages: 52 Posted: 05 Nov 2010 Last Revised: 15 Oct 2014
Kenneth L. Judd, Philipp Renner and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, Lancaster University and University of Zurich
Downloads 150 (191,280)

Abstract:

Loading...

Polynomial Equations, Multiple Equilibria, Static Games, Dynamic Games, Markovperfect Equilibria

13.
Downloads 143 (198,901)
Citation 1

Margin Regulation and Volatility

Swiss Finance Institute Research Paper No. 13-59
Number of pages: 40 Posted: 13 Dec 2013
Johannes Brumm, Michael Grill, Felix Kubler and Karl Schmedders
Karlsruhe Institute of Technology, European Central Bank (ECB), University of Zurich and University of Zurich
Downloads 126 (220,634)
Citation 1

Abstract:

Loading...

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
Johannes Brumm, Felix Kubler, Michael Grill and Karl Schmedders
Karlsruhe Institute of Technology, University of Zurich, European Central Bank (ECB) and University of Zurich
Downloads 17 (546,143)
Citation 1

Abstract:

Loading...

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

14.

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 University of Zurich
Downloads 132 (212,092)
Citation 2

Abstract:

Loading...

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 University of Zurich
Downloads 72 (320,757)
Citation 1

Abstract:

Loading...

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 University of Zurich
Downloads 56 (369,488)
Citation 1

Abstract:

Loading...

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

16.

Long-Run UIP Holds Even in the Short Run

Swiss Finance Institute Research Paper No. 13-31
Number of pages: 27 Posted: 30 May 2013 Last Revised: 01 Jul 2013
Fabian Ackermann, Walt Pohl and Karl Schmedders
Zurcher Kantonalbank, NHH Norwegian School of Economics and University of Zurich
Downloads 125 (221,165)

Abstract:

Loading...

currencies, long-term interest rates, uncovered interest parity

17.

The Liberalization of Data: A Welfare-Enhancing Information System

Number of pages: 8 Posted: 03 Jan 2019 Last Revised: 13 Feb 2019
José Parra-Moyano and Karl Schmedders
University of Zurich - Department of Business Administration and University of Zurich
Downloads 122 (226,608)

Abstract:

Loading...

Data sharing, Blockchain, Distributed Databases, GDPR, Universal Basic Income, Data as Labor, Data Elasticity, Information Systems

18.

Asset Pricing with Heterogeneous Agents and Long-Run Risk

Number of pages: 67 Posted: 09 Nov 2017 Last Revised: 24 Sep 2018
Walt Pohl, Karl Schmedders and Ole Wilms
NHH Norwegian School of Economics, University of Zurich and Tilburg School of Economics and Management
Downloads 116 (233,851)

Abstract:

Loading...

asset pricing, long-run risk, recursive preferences, heterogeneous agents

19.

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
University of Zurich, Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 114 (236,869)
Citation 8

Abstract:

Loading...

20.

Statistical Approximation of High-Dimensional Climate Models

Swiss Finance Institute Research Paper No. 16-76
Number of pages: 19 Posted: 19 Dec 2016 Last Revised: 04 Jan 2017
University of Zurich - Department of Business Administration, Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and University of Zurich
Downloads 113 (238,376)

Abstract:

Loading...

Climate Change, Greenhouse Gas, Single Equation Models

21.

Optimal Rules for Patent Races

Number of pages: 41 Posted: 30 Mar 2011
Kenneth L. Judd, Karl Schmedders and Sevin Yeltekin
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and Tepper School of Business, Carnegie Mellon University
Downloads 111 (241,326)
Citation 7

Abstract:

Loading...

Patent Race, Patent Policy, Stochastic Dynamic Games, Markov-perfect Equilibria

22.

The Perils of Performance Measurement in the German Mutual-Fund Industry

Swiss Finance Institute Research Paper No. 13-30
Number of pages: 42 Posted: 27 May 2013
Philip Böhme, Walt Pohl and Karl Schmedders
Allianz Global Investors Europe, NHH Norwegian School of Economics and University of Zurich
Downloads 105 (251,030)

Abstract:

Loading...

CAPM regression, Dimson correction, mutual funds, net asset values, performance measurement

23.

On Price Caps Under Uncertainty

Number of pages: 28 Posted: 14 Jun 2006
Karl Schmedders, Robert Earle and Tymon Tatur
University of Zurich, CRA International and Princeton University - Department of Economics
Downloads 83 (292,054)
Citation 3

Abstract:

Loading...

Price caps, demand uncertainty, monotone comparative statics

24.

Computing Equilibria in Finance Economies with Incomplete Markets and Transaction Costs

U of Maastricht, METEOR Working Paper No. RM/00/34
Number of pages: 57 Posted: 08 Nov 2003
P. Jean-Jacques Herings and Karl Schmedders
Maastricht University and University of Zurich
Downloads 72 (317,240)
Citation 1

Abstract:

Loading...

25.

New and Revised Results for 'Building Reputation for Contract Renewal: Implications for Performance Dynamics and Contract Duration'

Swiss Finance Institute Research Paper No. 16-32
Number of pages: 15 Posted: 14 May 2016
Vanessa Kummer, Maik Meusel, Philipp Renner and Karl Schmedders
University of Zurich, University of Zurich, Lancaster University and University of Zurich
Downloads 42 (407,517)

Abstract:

Loading...

Career concerns, dynamic agent model, multi-period contracts

26.

Optimal Rules for Patent Races

International Economic Review, Vol. 53, Issue 1, pp. 23-52, 2012
Number of pages: 30 Posted: 24 Feb 2012
Kenneth L. Judd, Karl Schmedders and Şevin Yeltekin
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and affiliation not provided to SSRN
Downloads 2 (621,114)
Citation 7
  • Add to Cart

Abstract:

Loading...

27.

Increasing the Value of Search Subscriptions for Housing Market Analyses

Posted: 01 Nov 2017 Last Revised: 19 Dec 2018
Andy Egger, Vanessa Kummer, Maik Meusel and Karl Schmedders
Realmatch360, University of Zurich, University of Zurich and University of Zurich

Abstract:

Loading...

Demand Forecasting, Imputation, Machine Learning, Real Estate

28.

Asset Trading Volume with Dynamically Complete Markets and Heterogeneous Agents

Journal of Finance, Vol. 58, pp. 2203-2218, October 2003
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 University of Zurich

Abstract:

Loading...