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

Dmitry Arkhangelsky and Guido W. Imbens

The Review of Economic Studies, 2024.

Fatih Karahan, Kurt Mitman and Brendan Moore

Journal of Political Economy, 2025.

Nezih Guner, Martin Lopez-Daneri and Gustavo Ventura

Review of Economics Dynamics, Special issue in Memory of Tom Cooley, 2023.

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

Econometrica, 2023.

Gerard Llobet and Jorge Padilla

Journal of Industrial Economics, 2023.

Monica Martinez-Bravo and Carlos Sanz

Economica, 2025.