Excellence in Research and Teaching

CEMFI is a leading graduate school in Economics in the heart of Madrid.

Master in Economics and Finance

A rigorous two-year program that successfully places students in the professional job market as well as in top doctoral programs.

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Job Market Candidates

2022-2023 PhD Job Market Candidates in the academic market

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PhD in
Economics

A selective doctoral program that is endorsed by the quality of its placements and the career paths of its graduates.

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Research

Our faculty are leaders in their fields of expertise and regularly publish in the leading journals of Economics.

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Summer
School

Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.

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Recent publications

The Rise and Fall of Local Elections in China
The Rise and Fall of Local Elections in China

Monica Martinez-Bravo, Gerard Padró i Miquel, Nancy Qian and Yang Yao

American Economic Review, 2022.

Specification Tests for Non-Gaussian Maximum Likelihood Estimators
Specification Tests for Non-Gaussian Maximum Likelihood Estimators

Gabriele Fiorentini and Enrique Sentana

Quantitative Economics, 2021.

A Theory of Foreign Exchange Interventions
A Theory of Foreign Exchange Interventions

Sebastián Fanelli and Luwdig Straub

The Review of Economic Studies, 2021.

Aggregate output measurements: a common trend approach
Aggregate output measurements: a common trend approach

Martin Almuzara, G. Fiorentini and Enrique Sentana

Essays in honour of Joon Y.Park Advances in Econometrics, 2022.

City of dreams
City of dreams

Jorge De la Roca, Gianmarco I. P. Ottaviano and Diego Puga

Journal of the European Economic Association, 2022.

Investment Demand and Structural Change
Investment Demand and Structural Change

Manuel García‐Santana, Josep Pijoan-Mas and Lucciano Villacorta

Econometrica, 2021.