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.

See more

Job Market Candidates

2022-2023 PhD Job Market Candidates in the academic market

See more

PhD in
Economics

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

See more

Research

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

See more

Summer
School

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

See more

Recent publications

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

Sebastián Fanelli and Luwdig Straub

The Review of Economic Studies, 2021.

Investment Demand and Structural Change
Investment Demand and Structural Change

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

Econometrica, 2021.

Synthetic Difference-in-Differences
Synthetic Difference-in-Differences

Dmitry Arkhangelsky, Susan Athey, David A. Hirshberg, David A. Hirshberg, Guido W. Imbens and Stefan Wager

American Economic Review, 2021.

Lost in Recessions: Youth Employment and Earnings in Spain
Lost in Recessions: Youth Employment and Earnings in Spain

Samuel Bentolila, Florentino Felgueroso, Marcel Jansen and Juan F. Jimeno

SERIEs - Journal of the Spanish Economic Association, 2022.