CEMFI faculty have won several highly competitive grants awarded by international and national funding agencies. These include five of the prestigious grants awarded by the European Research Council (ERC), as well as grants from the Russell Sage Foundation, the Fundación Ramón Areces, the regional Government of Madrid and the Government of Spain.

Currently supported projects include:



European funding agencies

  • City buzz: Quantity, quality, and variety implications of the urban environment (European Research Council , 2024-2029)

    Researchers: Diego Puga (PI).


Spanish funding agencies

  • Inequality, Exchange Rates, and Capital Flows (IneqEx) (Ministerio de Ciencia, Innovación y Universidades, 2024-2027)

    Researchers: Sebastián Fanelli (Co-PI), Kurt Mitman (Co-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).

  • Financial Intermediation and Aggregate Performance (Ministerio de Ciencia e Innovación, 2023-2026)

    Researchers: Rafael Repullo (Co-PI), Javier Suárez (Co-PI).

  • Inferences in models with hidden variables in macroeconomics and finance (HiddenVar) (Ministerio de Ciencia e Innovación, 2022-2026)

    Researchers: Enrique Sentana (Co-PI), Dante Amengual (Co-PI).

  • New panel data methods with empirical applications in impact evaluation and health economics (Ministerio de Ciencia e Innovación, 2023-2026)

    Researchers: Dmitry Arkhangelsky (PI), Liyang Sun, Siqi Wei.

  • Risks, Inequality, and the Macroeconomy (Ministerio de Ciencia e Innovación, 2023-2026)

    Researchers: Josep Pijoan-Mas (PI), Samuel Bentolila (Co-PI), Federico Kochen, Jesus Bueren, Virgiliu Midrigan, Caterina Calsamiglia, Marcel Jansen.

  • "María de Maeztu" Unit of Excellence (Ministerio de Ciencia e Innovación, 2022-2025)

    Researchers: Diego Puga (PI), Manuel Arellano, Samuel Bentolila, Nezih Guner, Josep Pijoan, Javier Suarez, Monica Martinez-Bravo, Rafael Repullo, Dante Amengual.

  • Contributions in Applied Microeconomics (CIAM) (Ministerio de Ciencia e Innovación, 2022-2025)

    Researchers: Gerard Llobet (Co-PI), Pedro Mira (Co-PI), Tom Zohar, Guillermo Caruana.


Private institutions

  • The Significance of Depression (Rockwool Foundation , 2024-2027)

    Researchers: Tom Zohar (PI).

  • Firms, Family-Friendly Policies and Fertility (La Caixa Foundation, 2023-2025)

    Researchers: Nezih Guner (PI).


Research chairs