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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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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An opportunity to gain valuable work experience in economic research and data analysis.
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Our faculty are leaders in their fields of expertise and regularly publish in the leading journals of Economics.
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School
Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.
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OCT
MadMac Seminar
joint FIRMS - Hugo Hopenhayn (UCLA) presents "Big Push in Distorted Economies" (joint with Francisco Buera, Yongseok Shin and Nicholas Trachter)
OCT
Banking and Finance Seminar
Can Gao (University of St.Gallen) presents "No News is News: Volatility Speculation and Multidimensional Heterogeneous Beliefs"
OCT
Econometrics Seminar
Juan Rubio-Ramírez (Emory University) presents "Large SVARs" (joint with Jonas E. Arias and Minchul Shin)
OCT
FIRMS Seminar
Andrzej Skrzypacz (Stanford GSB) presents "Dynamic Threats to Credible Auctions" (joint with Martino Banchio and Frank Yang)
OCT
MadMac Seminar
Oded Galor (Brown University) presents "Roots of Inequality" (joint with Marc Klemp and Daniel C. Wainstock)
News
Recent publications
Nezih Guner, Yuliya Kulikova and Arnau Valladares-Esteban
Review of Economic Dynamics, 2025.
Natalia Fabra, Catarina Pintassilgo and Mateus Souza
SERIEs, 2024.
Inés Berniell, Anne Laferrere, Pedro Mira and Elizavetta Pronkina
Review of Economics of the Household, 2023.
Fatih Karahan, Kurt Mitman and Brendan Moore
Journal of Political Economy, 2025.
Gilles Duranton and Diego Puga
Econometrica, 2023.
Yarine Fawaz and Pedro Mira
Journal of Population Economics, 2023.