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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Research

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

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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

Gilles Duranton and Diego Puga

Econometrica, 2023.

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

Econometrica, 2023.

Manuel Arellano, Richard Blundell, Stéphane Bonhomme and Jack Light

Journal of Econometrics, 2024.

Jorge De la Roca, Gianmarco I. P. Ottaviano and Diego Puga

Journal of the European Economic Association, 2023.

Inés Berniell, Yarine Fawaz, Anne Laferrere, Pedro Mira and Elizaveta Pronkina

Social Science and Medicine, 2023.

Marcus Hagedorn, Lourii Manovskii and Kurt Mitman

American Economic Journal: Macroeconomics, 2025.