Professor Karl Schmedders
Karl Schmedders is Professor of Finance at IMD.
Karl's research focuses on quantitative methods in finance. He applies numerical solution techniques to complex economic and financial models shedding light on relevant market issues and industry problems. He has published numerous research articles in international academic journals such as Econometrica, The Review of Economic Studies, The Journal of Finance, and The Review of Financial Studies, among others.
Before joining IMD, Karl held (tenured) faculty positions at the Kellogg School of Management and at the University of Zurich. He is passionate about teaching and has received numerous teaching awards at Stanford University and Kellogg, including the Walter J. Gores Award, Stanford‘s university-wide teaching award, and the L.G. Lavengood Professor of the Year Award at Kellogg. Karl is a partner at the award-winning FinTech Startup aaaccell and serves on the company's board of directors. He is Vice President of the board of LPX AG, a research firm focused on listed alternatives. Also, Karl is a founding partner of an EdTech startup developing integrated software for teaching, learning, and assessment.
Karl holds a Master's degree and a Ph.D. in Operations Research from Stanford University.
Walt Pohl, Karl Schmedders, Ole Wilms, Higher-Order Effects in Asset-Pricing Models with Long-Run Risk, The Journal of Finance 73 (2018) 1061–1111.
Fabian Ackermann, Walt Pohl, Karl Schmedders, Optimal and Naive Diversification in Currency Markets, Management Science 63 (2017) 3347–3360.
Walt Pohl, Karl Schmedders, Ole Wilms, Asset Prices with Temporary Shocks to Consumption, Journal of Economic Dynamics & Control 69 (2016) 152–178.
Johannes Brumm, Michael Grill, Felix Kubler, Karl Schmedders, Margin Regulation and Volatility, Journal of Monetary Economics 75 (2015) 54–68.
Philipp Renner, Karl Schmedders, A Polynomial Optimization Approach to Principal–Agent Problems, Econometrica 83 (2015) 729–769.
Johannes Brumm, Michael Grill, Felix Kubler, Karl Schmedders, Collateral Requirements and Asset Prices, International Economic Review 56 (2015) 1–25.
Kenneth L. Judd, Felix Kubler, Karl Schmedders, Bond Ladders and Optimal Portfolios, Review of Financial Studies 24 (2011) 4123–4166.