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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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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Undergraduate Summer Internships

An opportunity to gain valuable work experience in economic research and data analysis.

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Advanced Training School

Programs designed for professionals seeking to update and expand their knowledge in fields within CEMFI's range of expertise.

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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

Enrique Sentana

Journal of Econometrics, 2024.

Gilles Duranton and Diego Puga

Econometrica, 2023.

Fatih Karahan, Kurt Mitman and Brendan Moore

Journal of Political Economy, 2025.

Dmitry Arkhangelsky, Guido M. Imbens, Lihua Lei and Xiaoman Luo

Quantitative Economics, 2024.

Tristany Armangué-Jubert, Nezih Guner and Alessandro Ruggieri

American Economic Review-Insights, 2025.

Nezih Guner, Yuliya Kulikova and Arnau Valladares-Esteban

Review of Economic Dynamics, 2025.