CEMFI has 14 Full-Time Professors who teach the courses of the Master program and supervise most of the Master Theses. They are all active researchers at the frontier of their area of expertise. Some of them have been Editors or Associate Editors of leading academic journals and members of the governing bodies of economic societies such as the Spanish Economic Association, the Spanish Finance Association, the European Economic Association, or the Econometric Society.

CEMFI also has Associated Faculty who teach a single course or seminar, and Visiting Faculty who give lectures and short courses on subjects related to the Program or teach an entire course when they visit CEMFI for an extended period of time.

Publications of Full-Time Faculty in leading academic journals include:

Stéphane Bonhomme and Jean-Marc Robin, "Generalized Non-Parametric Deconvolution with an Application to Earnings Dynamics", Review of Economic Studies , 77 (2010), pp. 491-533.

Manuel Arellano and Stéphane Bonhomme: “Robust priors in nonlinear panel data models”, Econometrica, 77 (2009), pp. 489-536.

Stéphane Bonhomme and Jean-Marc Robin: “Assessing the equalizing force of mobility using short panels: France, 1990-2000”, Review of Economic Studies, 76 (2009), pp. 63-92.

Stéphane Bonhomme and Jean-Marc Robin: “Consistent noisy independent component analysis”, Journal of Econometrics, 149 (2009), pp. 12-25.

Javier Mencía and Enrique Sentana: “Multivariate location-scale mixture of normals and mean-variance-skewness portfolio allocation”, Journal of Econometrics, 153 (2009), pp. 176-192.

Víctor Aguirregabiria and Pedro Mira: “Dynamic discrete choice structural models: A survey”, Journal of Econometrics, online.

Dante Amengual and Enrique Sentana: “A comparison of mean-variance efficiency tests”, Journal of Econometrics, 154 (2010), pp. 16-34.

Claudio Michelacci and Vincenzo Quadrini: “Financial markets and wages”, Review of Economic Studies, 76 (2009), pp. 795-827.

Guillermo Caruana and Liran Einav: “Production targets”, Rand Journal of Economics, 75 (2008), pp. 990-1017.

Samuel Bentolila, Juan J. Dolado and Juan F. Jimeno: “Does inmigration affect the Phillips curve? Some evidence for Spain”, European Economic Review, 52 (2008), pp. 1398-1423.

Giorgio Calzolari, Gabriele Fiorentini and Enrique Sentana: "Indirect estimation of large conditionally heteroskedastic factor models, with an application to the Dow 30 stocks", Journal of Econometrics, 146 (2008), pp. 10-25.

Guillermo Caruana and Liran Einav: "A theory of endogenous commitment", Review of Economic Studies, 75 (2008), pp. 99-116.

Josep Pijoan-Mas: “Pricing risk in economies with heterogeneous agents and incomplete markets”, Journal of the European Economic Association, 5 (2007), pp. 987-1015.

Guillermo Caruana, Liran Einav and Daniel Quint: "Multilateral bargaining with concession costs", Journal of Economic Theory, 132 (2007), pp. 147-166.

David López-Salido and Claudio Michelacci: "Technology shocks and job flows", Review of Economic Studies, 74 (2007), pp.1195-1227.

Claudio Michelacci and Olmo Silva: "Why so many local entrepreneurs?", Review of Economics and Statistics, 89 (2007), pp. 615-633.

Víctor Aguirregabiria, Pedro Mira and Hernán Román: "An estimable dynamic model of entry, exit and growth in oligopoly retail markets", American Economic Review (Papers and Proceedings), 97 (2007), pp. 249-254.

Pedro Mira: "Uncertain infant mortality, learning and life-cycle fertility", International Economic Review, 48 (2007), pp. 809-846.

Víctor Aguirregabiria and Pedro Mira: “Sequential estimation of dynamic discrete games”, Econometrica, 75 (2007), pp. 1-53.

Claudio Michelacci and Javier Suarez: “Incomplete wage posting”, Journal of Political Economy, 114 (2006), pp. 1098-1123.

Hugo Hopenhayn, Gerard Llobet and Matthew Mitchell: “Rewarding sequential innovators: Prizes, patents, and buyouts”, Journal of Political Economy, 114 (2006), pp. 1041-1068.

Gabriele Fiorentini, Enrique Sentana and Neil Shephard: “Likelihood estimation of latent generalised ARCH structures”, Econometrica, 72 (2004), pp. 1481-1517.

Enrique Sentana: “Factor representing portfolios in large asset markets”, Journal of Econometrics,119 (2004), pp. 257-289.

Claudio Michelacci and Javier Suarez: “Business creation and the stock market”, Review of Economic Studies, 71 (2004), pp. 459-481.