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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PhD in
Economics

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

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Undergraduate Summer Internships

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

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Research

Our faculty are leaders in their fields of expertise and regularly publish in the leading journals of Economics.

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Summer
School

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

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Recent publications

Caterina Mendicino, Kalin Nikolov, Juan Rubio-Ramirez, Javier Suarez and Dominik Supera

Journal of Finance, 2025.

Tristany Armangué-Jubert, Nezih Guner and Alessandro Ruggieri

American Economic Review-Insights, 2025.

Dmitry Arkhangelsky, Guido M. Imbens, Lihua Lei and Xiaoman Luo

Quantitative Economics, 2024.

Fatih Karahan, Kurt Mitman and Brendan Moore

Journal of Political Economy, 2025.

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

Econometrica, 2023.

Dante Amengual, Gabrielle Fiorentini and Enrique Sentana

Journal of Econometrics, 2024.