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María de Maeztu 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.
    • How to apply

      Applications to the CEMFI María de Maeztu Visitor Program are made by filling an online application form available following this link. 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.

    • List of visitors

      2020-2021Arnaud Costinot MIT January-February
      Jorge de la Roca USC September-November
      Martín Gonzalez-Eiras University of Copenhagen October-November
      Morten O. Ravn UCL November-December, September-December
      Andrés Rodríguez-Clare University of California, Berkeley January-May
      2019-2020Javier Bianchi Federal Reserve Bank of Minneapolis June
      Arnaud Costinot MIT January-February
      Julio Crego Tilburg University February
      Jonathan Eaton Yale University May-June
      Raquel Fernández NYU June-July
      Martin Gonzalez Eiras University of Copenhagen May-July
      Keith Head University of British Columbia September-June
      Elena Manresa NYU 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 UCLA 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).
    • List of Prizes to the Best Third-year Paper

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

      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.


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