06/07/2026
CEMFI, together with the Bank of Spain and the UIMP, organised the 5th Conference on the Spanish Economy

Banco de España-CEMFI-UIMP Conference on the Spanish Economy

CEMFI, together with the Bank of Spain and the Universidad Internacional Menéndez Pelayo (UIMP), organised the Fifth Conference on the Spanish Economy which was held on 2 and 3 July 2026 in Santander.

This year's conference entitled “Housing and Institutions: Challenges and Opportunities for Spain”. This conference series aims at bringing together top researchers to present their recent work on topics that are of critical importance for the Spanish economy, as well as distinguished policy-makers to discuss their views on these topics. The program is available here.

The conference was held after the III CEMFI School of Economics on “Housing Markets: Constraints, Crisis, and Implications for Households” which took place at the Universidad Internacional Menéndez Pelayo (UIMP) in Santander from 29 June to 1 July 2026.

02/07/2026
CEMFI is inviting applications for one or more positions of Research Assistant (Pre-doc)

CEMFI invites applications for one or more pre-doctoral research assistant positions to work in the project “City buzz: Quantity, quality, and variety implications of the urban environment”. The positions are funded by a European Research Council Advanced Grant, whose PI is Professor Diego Puga. The duration of the contract is 12 months, starting in September 2026 or as soon as possible thereafter. The application deadline is July 15, 2026. For more details and to apply click here.

30/06/2026
Graduation of the students of the 2026 class of the Master in Economics and Finance

The closing ceremony of the 2025-2026 academic year took place at CEMFI on 26 June. The event was attended by Soledad Nuñez , Deputy Governor of the Bank of Spain and President of CEMFI's Executive Committee, who presented the diplomas to the students of the 2026 class of the Master's Degree in Economics and Finance took place.
Congratulations to the graduates!

25/06/2026
Samuel Bentolila, jointly with Ana García-Hernández and Inés Torres-Rojas (J-PAL Europe), publishes an article in the “la Caixa” Foundation’s Social Observatory on the Inclusion Policy Lab.

Samuel Bentolila, jointly with Ana García-Hernández and Inés Torres-Rojas (J-PAL Europe), publishes an article in the “la Caixa” Foundation’s Social Observatory summarizing the experience of the Inclusion Policy Lab.

CEMFI Professors Samuel Bentolila and Monica Martinez-Bravo coordinated a team of researchers from several institutions. The coordination was carried out jointly with Ana Garcia-Hernandez, from the Abdul Latif Jameel Poverty Action Lab (J-PAL). Jointly with the Secretaría General de Inclusión of the Ministerio de Inclusión, Seguridad Social y Migraciones of Spain, the team carried out the randomized evaluation of 23 social inclusion projects. You can find more information about the Inclusion Policy Lab here.

Members of the research team are preparing scientific papers on many of the projects, some of which will appear in a Special Issue of SERIEs-Journal of the Spanish Economic Association on “Randomized Impact Evaluation of Social Inclusion Policies in Spain.

01/06/2026
Tribute to Michael Manove

Our dear friend and colleague Michael Manove passed away on May 18, 2026. His loss has been deeply felt by all those who had the privilege of knowing and working with him. In recognition of his contributions and the lasting impact he had on our community, CEMFI has prepared a small tribute in his memory, which can be viewed here.

22/05/2026
CEMFI is inviting applications for a Project Manager position

CEMFI invites applications for a position as Project Manager. We welcome applications from candidates with a bachelor’s degree or vocational training in administration, finance, or accounting, at least five years of experience in the financial and administrative management of research projects, and a good level of English. For more details and to apply, click here.

11/05/2026
CEMFI is inviting applications for one position of Research Assistant (Pre-doc)

CEMFI invites applications for a 1-year full-time Research Assistant position (Pre-doc). The work will support the project “Intergenerational mobility and cultural norms: implications for gender and labor market inequality,” led by Associate Professor Tom Zohar and Assistant Professor Giulia Buccione. The project studies how labor market frictions, fertility decisions, and cultural norms shape inequality across generations and between genders. Specific lines of work include: (i) the relationship between firm quality and worker separations, and how wage rigidity contributes to labor market inequality; (ii) the heterogeneity of the child penalty on women’s careers and how interventions such as childcare expansion and access to contraception can reduce gender disparities; and (iii) randomized and survey-based evaluations of how restrictive cultural norms in the Middle East and North Africa shape women’s employment and health choices. The position will be financed by the Spanish Ministry of Science and Universities research project entitled “Income Dynamics, Employment Dynamics, Fertility Decisions, and Cultural Norms: Implications for Gender Inequality and the Labor Market” (MCIU PID2024-158202NB-I00), and by the Grant entitled “Economic and Social Effects of Climate and Energy Policies (PHS-2024/PH-HUM-126 CLIMAD-CM) funded by Comunidad de Madrid, whose Principal Investigators are Associate Professor Tom Zohar and Assistant Professor Giulia Buccione.

The application deadline is 31 May 2026. For more information and to apply, click here.

05/05/2026
Scholarships for the III CEMFI School of Economics on “Housing Markets: Constraints, Crisis, and Implications for Households” at UIMP in Santander

CEMFI grants 10 scholarships for students attending the III CEMFI School of Economics on “Housing Markets: Constraints, Crisis, and Implications for Households”, which will take place at the Universidad Internacional Menéndez Pelayo (UIMP) in Santander on 29 June-1 July 2026. It will be taught by Gilles Duranton, Georgi Kocharkov, Diego Puga, and Virginia Sánchez-Marcos.

The course will deal with three highly topical issues: households’ decisions on housing tenure, the impact of rising housing prices on household formation and fertility decisions, and how housing supply regulations affect the functioning of housing markets. 

The program is available here and the period for application to the scholarships finishes on 28 May 2026.

28/04/2026
CEMFI is inviting applications for one position for Ph.D. candidates

CEMFI opens the call for applications for one grant for Ph.D. candidates (Formación de Personal Investigador, in Spanish) associated with the research project “Income dynamics, employment dynamics, fertility decisions, and cultural norms: implications for gender and labor market inequality”, led by Manuel Arellano and Tom Zohar. The deadline for applications is 13 May 2026.

For more details, you can find the 2024 call of the Ministry of Science and Innovation together with the State Research Agency, here. To apply, click here.

17/04/2026
CEMFI organizes a summer course on “Housing Markets: Constraints, Crisis, and Implications for Households” at UIMP in Santander

The III CEMFI School of Economics on “Housing Markets: Constraints, Crisis, and Implications for Households” will take place at the Universidad Internacional Menéndez Pelayo (UIMP) in Santander on 29 June-1 July 2026. The course directors are Samuel Bentolila and Virginia Sánchez-Marcos. It will deal with The course will deal with three highly topical issues regarding households and housing markets.

First, we will review recent developments regarding how households’ decisions on housing tenure -renting versus owning- are incorporated into life-cycle models of consumption decisions, paying particular attention to financial frictions and the role of expectations. Next, we will examine the impact of rising housing prices on household formation and fertility decisions. Finally, we will explore how the housing supply in cities is determined and regulated, which gives rise to frictions and constraints that affect the functioning of housing markets. 

The School is aimed at final year undergraduates and graduate students in Economics or Business Administration. Depending on availability, the students may be invited to attend the 5th Banco de España-CEMFI-UIMP Conference on the Spanish Economy, on “Housing and Institutions: Challenges and Opportunities for Spain”, 2-3 July 2026.

The program is available here, registration should be done at this website, and the period for application to scholarships endowed by UIMP finishes on 4 May 2026.

19/03/2026
The “Energy Workshop” took place at CEMFI, on March 18th, 2026

CEMFI hosted a new edition of the Energy Workshop, continuing an ongoing collaboration with the Toulouse School of Economics, the Université libre de Bruxelles, and IAE-CSIC (Barcelona). This workshop brings together leading researchers working on electricity markets, climate policy, transport, market integration, taxation, and regulation.

This year’s topics ranged fromdynamic electricity pricing, retail contract design and real-time pricing to water stress and nuclear supply, climate and industrial policy, charging infrastructure for electric vehicles, natural gas market integration, residential solar subsidies, transmisión constraints and information in wholesale electricity markets.

Participants included researchers from the University of Chicago, Northwestern University, Aalto University, Toulouse School of Economics, ULB, University of Girona, CUNEF, University of Vienna, University of Navarra, Universidad Carlos III de Madrid, Ifo/LMU Munich, Paris School of Economics, and CEMFI.

You can find the program here.

12/03/2026
We are thrilled to welcome Bruno Fava (Northwestern University), Florencia Hnilo (Stanford University), Alex Osberghaus (University of Zurich), and Anders Yding (UC Berkeley), who will join CEMFI as assistant professors

We are very pleased to welcome four new assistant professors at CEMFI: Bruno Fava (Northwestern University) in econometrics; Florencia Hnilo (Stanford University) in economic development and economic history; Alex Osberghaus (University of Zurich) in financial economics; and Anders Yding (Berkeley) in macroeconomics. Bruno and Anders will join CEMFI after one-year postdoc positions at the Stanford Data Science and Columbia University, respectively.

04/03/2026
Dante Amengual has been elected Fellow of the Journal of Econometrics

On December 17, 2025, the Journal of Econometrics announced its 2025 Awards.  Dante Amengual has been named Fellow, joining a distinguished group of leading economists in the field of econometrics. Congratulations, Dante!

06/02/2026
CEMFI is inviting applications for one position of Research Assistant (Pre-doc)

CEMFI invites applications for a 1-year part-time Research Assistant position (Pre-doc). Candidates should have a strong background in economics and solid programming skills. The successful candidate will assist with cleaning, managing, and analyzing administrative and survey data, as well as with programming and implementing numerical solutions for economic models. The work will be carried out within the research project “Inequality in Working Opportunities”, funded by the Social Research Call of LaCaixa Foundation and led by Professor Josep Pijoan-Mas. The application deadline is February 20th, 2026. For more information and to apply, click here.

28/01/2026
CEMFI launches the eleventh edition of its Undergraduate Internship Program

CEMFI launches the eleventh edition of its Undergraduate Internship Program. The application deadline is 10 April 2026.

The Undergraduate Summer Internships allow outstanding students to gain valuable work experience in economic research and data analysis at CEMFI in Madrid.

Summer interns have the opportunity to enhance their analytical, computational, and interpersonal skills in the cosmopolitan and friendly atmosphere of a leading international center for research and graduate study in economics and finance. The summer program also allows participants to learn about opportunities for graduate study and a career as a professional economist.

The program is intended for undergraduate university students with a superior academic record, who would like to gain useful work experience in economic research before pursuing further studies or moving on to the labor market. Students must be citizens of a European Union member country or have a valid Spanish ID card (NIE) for the duration of the internship. The program runs from 22 June to 17 July 2026. The duration of the internship is four weeks of full-time dedication. Interns will receive a stipend. For more details, please click here.

15/01/2026
Diego Puga (CEMFI) has been awarded the IEA Fellow Award

The International Economic Association has awarded the title of IEA Fellow to Diego Puga for his significant contributions to the field of economics and for advancing the Association’s mission of global engagement for development. Several years ago, the IEA established the annual IEA Fellow honorific award to recognize excellence in economic research, research-driven public writing, and economic policymaking. This award recognizes outstanding achievement and is granted to no more than ten individuals worldwide each year.

Congratulations Diego!

08/01/2026
CEMFI invites applications for a 1 or 2 years full-time Research Assistant position (Pre-doc)

CEMFI is inviting applications for Up to two one or two-year Assistant Research positions (pre-doctoral)