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

Nezih Guner, Ezgi Kaya and Virginia Sánchez Marcos

International Economic Review, 2024.

Natalia Fabra and Gerard Llobet

Rand Journal of Economics, 2025.

Gerard Llobet and Jorge Padilla

Journal of Economics and Management Strategy, 2023.

Claudio Ferraz, Frederico Finan and Monica Martinez-Bravo

Journal of the European Economic Association, 2024.

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

Econometrica, 2023.

Gilles Duranton and Diego Puga

Econometrica, 2023.