MdM Unit of Excellence

MdM Unit of Excellence

In 2016, CEMFI was awarded the "María de Maeztu Unit of Excellence" distinction by the Spanish National Research Agency. This distinction is granted to public research centers and units that demonstrate global scientific leadership and impact.

The award entails 2-million-euro funding for a period of 4 years. CEMFI's strategic research program aims to strengthen its position as a leading world-class research institution in economics, and to expand and strengthen its PhD program. As part of this research program, the following activities are being undertaken:

  • The PhD Support Program enhances CEMFI's capacity to attract highly qualified international students by providing them competitive funding. As human capital, both faculty and students, is the main ingredient of successful PhD training, the ability to attract top-level graduate students to CEMFI is an essential part of the Strategic Program.
  • The Visitor Program fosters the interaction between CEMFI's researchers and leading international scholars. Visits funded by this program normally last between two weeks and three months and take place between September and mid-July. Visitors are expected to contribute to the already vibrant research environment at CEMFI and interact with faculty and graduate students.

Applications to the CEMFI María de Maeztu Visitor Program are made by filling an online application form available following this here. The number of visiting positions is limited and applications are evaluated once a month. CEMFI provides visitors with a flat honorarium, which depends on the duration of the visit, to cover their travel and accommodation expenses.


Acedemic year Visitor Affiliation Dates
2021-2022Pasquale Della Corte Imperial College London October-December
Alessandro Ruggieri University of Nottingham October
2020-2021Jorge de la Roca University of Southern California September-November
Julio Garín Claremont McKenna College March-July
Martín Gonzalez-Eiras University of Copenhagen October-November
Morten O. Ravn University College London November-December
2019-2020Javier Bianchi Federal Reserve Bank of Minneapolis June
Julio Crego Tilburg University February
Jonathan Eaton Yale University May-June
Raquel Fernández New York University June-July
Martin Gonzalez Eiras University of Copenhagen May-July
Keith Head University of British Columbia September-July
Elena Manresa New York University June-July
Mathieu Marcoux Université de Montréal May
Esteban Rossi-Hansberg Princeton University May-June
Kai Zhao University of Connecticut May-June
Jose Zubizarreta Harvard Medical School June-July
2018-2019R. Anton Braun Federal Reserve Bank of Atlanta April-June
Dean Corbae Wisconsin School of Business May-June
Rosario Crinó Universitá Catolica del Sacro Cuore January-April
Mauricio Drelichman University of British Columbia September-February
Gilles Duranton Wharton Real Estate Dept, University of Pennsylvania January
Iván Fernández-Val Boston University January-June
Luca Repetto Uppsala University September-March
Frédéric Robert-Nicoud University of Geneva September-December
Jan Stuhler Universidad Carlos III de Madrid October-March
Lucciano Villacorta Banco Central de Chile March
2017-2018Konstantin Büchel Uniersität Bern January-February
Margarida Duarte University of Toronto January-June
Maximilian Ehrlich Uniersität Bern January-February
Pablo Fajgelbaum University of California, Los Angeles May-June
Pierre-Carl Michaud HEC Montréal October, June
Maria Jose Prados University of Southern California June
Christopher Rauh Université de Montréal May-June
Diego Restuccia University of Toronto January-June
Frédéric Robert-Nicoud University of Geneva August
2016-2017Jorge de la Roca University of Southern California November


  • The Research Support Program provides resources for faculty and graduate students to boost CEMFI's research output. Four elements of the Research Support program have been designed to encourage high-risk, high-return projects (Exploration Grants Program), reward top-quality research (Research Incentive Program), enhance the interaction between faculty and students (Research Assistantship Program), and address specific needs of graduate students (Explorations Grants Program and PhD Placement Program).

This prize recognizes the best original piece of research conducted by CEMFI PhD students during the first year of their thesis writting stage.

Academic year Name Title
2019-2020 Alba Miñano When are D-graded Neighborhoods not Degraded? Geography and the Legacy of Redlining
2018-2019 Javier López-Segovia Intergenerational Persistence in Welfare Program Participation
2017-2018 José Gutierrez Capital Requirements for Off-Balance-Sheet Exposures: How do They Affect Real Economy Through Credit Lines?
2016-2017 Jorge Abad Breaking the Feedback Loop: Macroprudential Regulation o Banks' Sovereign Exposure


  • Finally, María de Maeztu post-doctoral fellows contribute to CEMFI's research environment and enhance its graduate teaching capabilities.
Dates Researchers
September 2018 - June 2021 Christoph Albert
September 2018 - August 2019 Clara Santamaría
May - October 2018 Anja Grujovic