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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Undergraduate Summer Internships

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

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PhD in

A selective doctoral program that is endorsed by the quality of its placements and the career paths of its graduates.

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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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Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.

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Recent publications

Monica Martinez-Bravo, Gerard Padró i Miquel, Nancy Qian and Yang Yao

American Economic Review, 2022.

Manuel García‐Santana, Josep Pijoan-Mas and Lucciano Villacorta

Econometrica, 2021.

Yarine Fawaz and Junhee Lee

Economics & Human Biology, 2022.

Monica Martinez-Bravo and Andreas Stegmann

Journal of the European Economic Association, 2022.

Javier Alvarez and Manuel Arellano

Journal of Econometrics, 2022.

Manuel Arellano and Stéphane Bonhomme

Journal of the American Statistical Association, 2023.