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cemfi we use first and third party cookies to ensure the operation of the site and analyze traffic on our website more information in our cookie policy configure and reject cookies accept all cookies research research lines macroeconomics microeconomics applied economics banking and finance econometrics seminars research grants mdm unit of excellence research conferences collaborations publications working papers programs master in economics and finance doctoral program phd in economics and government postgraduate program in central banking undergraduate internships cemfi summer school advanced training school diploma in banking supervision people academic staff external faculty visitors research fellows phd students administrative staff about welcome to cemfi governing bodies cemfi and banco de españa transparency ethics human resources excellence location eng esp applications to the cemfi summer school are open subject to availability courses apply now accepting applications to our graduate programs see more postgraduate program in central banking see more applications to the iii cemfi uimp summer school are open see more cemfi is hiring see more 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 see more doctoral program a selective doctoral program that is endorsed by the quality of its placements and the career paths of its graduates see more undergraduate summer internships an opportunity to gain valuable work experience in economic research and data analysis see more advanced training school programs designed for professionals seeking to update and expand their knowledge in fields within cemfi s range of expertise see more summer school intensive one week courses covering the most recent developments in fields within cemfi s range of expertise see more events see all seminars 8 jul 13 30h firms seminar anaïs galdin dartmouth tuck school of business presents urban migration public health amenities and local newspapers in 1870 1940 u s 9 jul 13 30h firms seminar fernando vega redondo the chinese university of hong kong presents networks and norms joint with matteo marsili 17 21 august 2026 15 00 to 18 30 cest summer school course ai for economic measurement forecasting sophia kazinnik stanford university see more 17 21 august 2026 9 30 to 13 00 cest summer school course data science for economics mastering unstructured chris rauh iae csic university of cambridge see more news see all news cemfi is inviting applications for one or more positions of research assistant pre doc see more graduation of the students of the 2026 class of the master in economics and finance see more samuel bentolila jointly with ana garcía hernández and inés torres rojas j pal europe publishes an article in the see more tribute to michael manove see more recent publications see all publications gdp solera the ideal vintage mix martin almuzara dante amengual gabriele fiorentini and enrique sentana journal of business and economic statistics 2024 political power elite control and long run development evidence from brazil claudio ferraz frederico finan and monica martinez bravo journal of the european economic association 2024 moral hazard and debt maturity gur huberman and rafael repullo journal of financial intermediation 2025 causal models for longitudinal and panel data dmitry arkhangelsky and guido imbens econometrics journal 2024 micro and macro effects of ui policies evidence from missouri fatih karahan kurt mitman and brendan moore journal of political economy 2025 previous next research programs people about cemfi calle casado del alisal 5 28014 madrid tel 34 914 290 551 email cemfi cemfi es privacy policy terms of use disclaimer site map accessibility cookies policy whistleblowing channel cemfi 2026