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

2023-2024 PhD Job Market Candidates in the academic market

See more

PhD in

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

See more


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

See more


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

See more

Recent publications

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

Econometrica, 2023.

Natalia Fabra and Gerard Llobet

The Economic Journal, 2023.

Gerard Llobet and Jorge Padilla

Journal of Industrial Economics, 2023.

Gilles Duranton and Diego Puga

Econometrica, 2023.