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
Josep Pijoan-Mas
Professor
Nezih Guner
Professor
Kurt Mitman
Professor
On Leave
Andrea Guccione
PhD student
Sebastián Fanelli
Associate Professor
Federico Kochen
Associate 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
FEB
MadMac Seminar
Marta Morazzoni (University College London) presents "Sorting into Entrepreneurial Teams"
FEB
MadMac Seminar
Todd Schoellman (Federal Reserve Bank of Minneapolis) presents "TBA"
MAR
MadMac Seminar
joint Econometrics Seminar - Julio Gálvez (CUNEF Universidad) presents "Income Uncertainty and Non-linear Dynamics: A Subjective Expectations Framework"
MAR
MadMac Seminar
Diego Daruich (University of Southern California (Marshall)) presents "TBA"
MAR
MadMac Seminar
Chen Lian (UC Berkeley) presents "TBA"
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).