Macroeconomics at CEMFI
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The Macroeconomics group at CEMFI specializes in a wide range of theoretical and empirical topics related to economic development and misallocation, fiscal and monetary policy, firm dynamics, international macroeconomics, labor and family economics, macro-finance, and structural change. Members of the group are affiliated with other research centers and networks, such as the Centre for Economic Policy Research (CEPR). The group has hosted several ERC grants, members of the group have obtained several prizes and other distinctions. The group runs a weekly seminar series with internationally renowned external speakers, plus a work-in-progress workshop where faculty and PhD students present their work. The group also organizes an annual conference around different topics. We invite you to learn more about the Macroeconomics group at CEMFI below.
Researchers
Sebastián Fanelli
Associate Professor
Andrea Guccione
PhD student
Federico Kochen
Assistant Professor
Kurt Mitman
Professor
Nezih Guner
Professor
Josep Pijoan-Mas
Professor
Galo Nuño
BdE-CEMFI Research Associate
Galo Nuño
BdE-CEMFI Research Associate
Pau Roldan-Blanco
Associated Faculty
Luis Servén
Senior Research Associate
Vedant Agarwal
PhD student
Francesco Chiocchio
PhD student
Paolo De Rosa
PhD student
Marta Domínguez
PhD student
Ivan Lagrosa
PhD student
Eugenio Renedo
PhD student
Manuel Ruiz
PhD student
Jan Schaefer
PhD student
Kazuharu Yanagimoto
PhD student
Juan Segura
PhD student
Seminars series
OCT
MadMac Seminar
Fernando Broner (CREI, UPF, and BSE) presents "Hegemonic Globalization" (joint with Alberto Martin, Josefin Meyer and Christoph Trebesch)
OCT
MadMac Seminar
joint FIRMS - Hugo Hopenhayn (UCLA) presents "Big Push in Distorted Economies" (joint with Francisco Buera, Yongseok Shin and Nicholas Trachter)
NOV
MadMac Seminar
Jeremy Greenwood (University of Pennsylvania) presents "The Great Accretion and the Great Depression" (joint with Hal Cole and Stefano Cravero)
NOV
MadMac Seminar
Mehmet Yörükoglu (Koç University) presents "The Technological Roots of the Great Moderation"
NOV
MadMac Seminar
Can Gao (University of St.Gallen) presents "Debt and Deficits: Fiscal Analysis with Stationary Ratios" (joint with John Y. Campbell and Ian W.R. Martin)
Recent publications of this research line
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Nezih Guner, Yuliya Kulikova and Arnau Valladares-Esteban,
Does the Added Woker Effect Matter?,
Review of Economic Dynamics, (2025), 101271. -
Fatih Karahan, Kurt Mitman and Brendan Moore,
Micro and macro effects of UI policies: Evidence from Missouri,
Journal of Political Economy, forthcoming. -
Marcus Hagedorn, Lourii Manovskii and Kurt Mitman,
The impact of unemployment benefit extensions on employment: the 2014 employment miracle?,
American Economic Journal: Macroeconomics, forthcoming. -
Tristany Armangué-Jubert, Nezih Guner and Alessandro Ruggieri,
Labor market power and development,
American Economic Review-Insights, (2025), 177-195.
Research grants
Inequality in Working Opportunities (Fundación la Caixa, 2025-2027)
Researchers: Josep Pijoan (PI).
Talent Attraction Grants for Researchers 'César Nombela' (Comunidad de Madrid, 2025-2030)
Researchers: Kurt Mitman (PI).
Movements of Firms and Households across Cities (CITYMOVES) (Ministerio de Ciencia, Innovación y Universidades, 2024-2027)
Researchers: Nezih Guner (Co-PI), Diego Puga (Co-PI).
Inequality, Exchange Rates, and Capital Flows (IneqEx) (Ministerio de Ciencia, Innovación y Universidades, 2024-2027)
Researchers: Sebastián Fanelli (Co-PI), Kurt Mitman (Co-PI).
Ramon y Cajal Grants (Ministerio de Ciencia, Innovación y Universidades, 2023-2027)
Researchers: Sebastián Fanelli (PI).
"María de Maeztu" Unit of Excellence (Ministerio de Ciencia e Innovación, 2022-2025)
Researchers: Diego Puga, Manuel Arellano, Samuel Bentolila, Rafael Repullo, Javier Suárez, Dante Amengual, Nezih Guner (PI).