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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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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An opportunity to gain valuable work experience in economic research and data analysis.
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Our faculty are leaders in their fields of expertise and regularly publish in the leading journals of Economics.
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School
Intensive, one-week courses covering the most recent developments in fields within CEMFI's range of expertise.
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OCT
MadMac Seminar
joint FIRMS - Hugo Hopenhayn (UCLA) presents "Big Push in Distorted Economies" (joint with Francisco Buera, Yongseok Shin and Nicholas Trachter)
OCT
FIRMS Seminar
joint MadMac - Hugo Hopenhayn (UCLA) presents "Big Push in Distorted Economies"
OCT
Banking and Finance Seminar
Can Gao (University of St.Gallen) presents "No News is News: Volatility Speculation and Multidimensional Heterogeneous Beliefs"
OCT
Econometrics Seminar
Juan Rubio-Ramírez (Emory University) presents "Large SVARs" (joint with Jonas E. Arias and Minchul Shin)
OCT
FIRMS Seminar
Andrzej Skrzypacz (Stanford GSB) presents "Dynamic Threats to Credible Auctions" (joint with Martino Banchio and Frank Yang)
News
Recent publications
Heski Bar-Isaac, Guillermo Caruana and Vicente Cuñat
American Economic Journal: Microeconomics, 2023.
Claudio Ferraz, Frederico Finan and Monica Martinez-Bravo
Journal of the European Economic Association, 2024.
Fatih Karahan, Kurt Mitman and Brendan Moore
Journal of Political Economy, 2025.
Jorge De la Roca, Gianmarco I. P. Ottaviano and Diego Puga
Journal of the European Economic Association, 2023.
Gilles Duranton and Diego Puga
Econometrica, 2023.
Eli Ben-Michael, Avi Feller and Liyang Sun
Review of Economics and Statistics, 2025.