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.
See moreDoctoral Program
A selective doctoral program that is endorsed by the quality of its placements and the career paths of its graduates.
See moreUndergraduate Summer Internships
An opportunity to gain valuable work experience in economic research and data analysis.
See moreAdvanced Training School
Programs designed for professionals seeking to update and expand their knowledge in fields within CEMFI's range of expertise.
See moreSummer
School
Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.
See moreEvents
OCT
MadMac Seminar
Chang-Tai Hsieh (The University of Chicago Booth School of Business) presents "Zoning: Misallocation or Externalities?"
OCT
Banking and Finance Seminar
Toni Ahnert (ECB) presents "Bank Runs, Lender of Last Resort, and Liquidity Regulation" (joint with Kartik Anand and Guillem Ordoñez-Calaf)
OCT
MadMac Seminar
Kristina Manysheva (Columbia Business School) presents "TBA"
NOV
Banking and Finance Seminar
Loriana Pelizzon (Leibniz Institute for Financial Research SAFE) presents "Technology, Online Banks, and Credit Market Segmentation" (joint with Laura Bottazzi, Chiara Farronato, and Rachel J. Nam)
NOV
FIRMS Seminar
Hyuk-soo Kwon (Harris School of Public Policy - University of Chicago) presents "Designing Electric Vehicle Subsidies for Equity and Efficiency"
News
Recent publications
Yarine Fawaz and Pedro Mira
Journal of Population Economics, 2026.
Tristany Armangué-Jubert, Nezih Guner and Alessandro Ruggieri
American Economic Review-Insights, 2025.
Claudio Ferraz, Frederico Finan and Monica Martinez-Bravo
Journal of the European Economic Association, 2024.
Dante Amengual, Gabrielle Fiorentini and Enrique Sentana
Journal of Econometrics, 2024.
Fatih Karahan, Kurt Mitman and Brendan Moore
Journal of Political Economy, 2025.