The workshop on “Banking and Financial Intermediation” took place on Friday, November 7th, at CEMFI www.cemfi.es/all_news_blo...

Why has housing gotten so costly in big cities? JMC Álvaro Sánchez-Leache explains how U.S. metros face growing demand pressure to build through redevelopment as opposed to sprawl, constraining their capacity to supply new housing. asanchezleache.github.io

🎓 Applications are now open for CEMFI’s Master in Economics & Finance and PhD Program! 🗓️ Funding deadline: Jan 31, 2026 🗓️ Final deadline: May 31, 2026 Apply now 👉 cemfi.es/forms-cemfi/... Join a top academic community with rigorous training & personalized supervision

CEMFI launches the first edition of its CEMFI Advanced Training School www.cemfi.es/all_news_blo...

What are the implications of ideology-based screening of public workers in autocracies? JMC Cristian Navarro shows that ideology-based personnel selection can erode public workforce quality and weaken the state’s capacity to deliver essential services cristian-navarro.com

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2526....

How does the transmission of negative interest rate policy (NIRP) differ from conventional monetary policy transmission? JMC Jan Schäfer shows that NIRP can be more effective in stimulating bank lending, but at the cost of higher bank failure risk. sites.google.com/view/janscha...

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2525....

How does after-school childcare affect children's human capital investment? JMC Sevin Kaytan finds that after-school childcare increases university graduation rates by reshaping children's beliefs and preferences through peer interactions in care centers sevinkaytan.com

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2524....

🎓 Thinking about grad studies in #Economics or #Finance? Applications to CEMFI’s Master and Doctoral programs open soon! 📅 Applications open Nov 11, 2025 💰 Funding deadline Jan 31, 2026 🕓 Final deadline May 31, 2026 👉 Learn more: www.cemfi.es/programs/mas... 📧 [email protected]

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2523....

What limits agricultural mechanization in Africa? JMC Sophie Nottmeyer finds that digital monitoring reduces moral hazard between owners and operators in tractor rental markets in Kenya, improving spatial allocation and raising agricultural productivity. sophienottmeyer.github.io

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2522....

Why do firms import the same input from multiple countries? JMC Tao Wang finds firms build global supplier portfolios to hedge against disruptions and foster competition — making supply chains resilient and efficient. sites.google.com/cemfi.edu.es...

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2521....

New Working Paper! 📢 Read it here: cemfi.es/ftp/wp/2520....

New Working Paper! 📢 Read it here: www.cemfi.es/ftp/wp/2519....

New Working Paper! 📢 Read it here: www.cemfi.es/ftp/wp/2507....

Rafael Repullo has been awarded an honorary doctorate by the University of Málaga www.cemfi.es/all_news_blo...

CEMFI inaugurates the 2025–2026 academic year of its new Graduate Program in Central Banking www.cemfi.es/all_news_blo...

Banco de España and CEMFI have organized the 17th joint Research Workshop www.cemfi.es/all_news_blo...

CEMFI is inviting applications for several positions at the Associate and Assistant Professors Level www.cemfi.es/all_news_blo...

Oriana Bandiera (LSE) delivers the opening lecture of the academic year 2025-2026 entitled “Poverty Traps” www.cemfi.es/all_news_blo...

The workshop "Labor Markets, Institutions, and Economic Policy: A Workshop in Honor of Samuel Bentolila" took place on Monday, September 29th, at CEMFI www.cemfi.es/all_news_blo...

Congratulations to Sophie Nottmeyer for successfully defending her Ph.D. thesis at CEMFI!. Thanks to Pierre-Philippe Combes, Elisa Gianonne and David K. Nagy for serving in the Thesis Defense Committe and to Sophie’s advisor Diego Puga @ProfDiegoPuga

Congratulations to Ivan Lagrosa for successfully defending his Ph.D. thesis at CEMFI!. Thanks to Franck Malherbert, Marcel Jansen @mjansen_madrid and Brînduşa Dana Anghel for serving in the Thesis Defense Committe and to Ivan’s advisor Josep Pijoan-Mas

Josep Pijoan-Mas has been awarded a research grant from the "la Caixa" Foundation www.cemfi.es/all_news_blo...

Banco de España, UC3M and CEMFI organize the 1st Madrid Mountain Macro Conference (MMM) www.cemfi.es/all_news_blo...

Víctor Sancibrián selected for the REStud North American Tour 2025 www.cemfi.es/all_news_blo...

CEMFI is inviting applications for one position of Research Assistant (Pre-doc). www.cemfi.es/all_news_blo...

CEMFI is inviting applications for one position of Research Assistant (Pre-doc) www.cemfi.es/all_news_blo...

The tenth cohort of students of the Undergraduate Summer Internships finish their stay www.cemfi.es/all_news_blo...

CEMFI is inviting applications for one position of Research Assistant (Pre-doc) www.cemfi.es/all_news_blo...

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Congratulations to David Lopez-Salido, CEMFI PhD alumnus, for being appointed Director General of Economics at the Banco de España! www.bde.es/f/webbe/GAP/...

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Congratulations to Francesco Chiocchio for successfully defending his Ph.D. thesis at CEMFI!. Thanks to Alexander Ludwig, Luisa Carrer and Matthias Kredler for serving in the Thesis Defense Committe and to Francesco’s advisor Nezih Guner

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Congratulations to Vedant Agarwal for successfully defending his Ph.D. thesis at CEMFI!. Thanks to Loriana Pellizon, Tetiana Davydiuk and Anatoli Segura for serving in the Thesis Defense Committe and to Vedant’s advisor Javier Suárez

Congratulations to Kazuharu Yanagimoto for successfully defending his Ph.D. thesis at CEMFI!. Thanks to Elizabeth M. Caucutt, Lídia Farré and Fabian Kindermann for serving in the Thesis Defense Committe and to Kazuharu’s advisor Nezih Guner

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Congratulations to Yanina Domenella for successfully defending her Ph.D. thesis at CEMFI!. Thanks to Raquel Carrasco, Lídia Farré and Jesús Fernández-Huertas for serving in the Thesis Defense Committe and to Yanina’s advisor Samuel Bentolila

CEMFI, together with the Bank of Spain and the UIMP, organised the 4th Conference on the Spanish Economy www.cemfi.es/all_news_blo...

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Workshop on “Income, Employment, and Consumption Dynamics” took place on 30 June and 1st July at CEMFI www.cemfi.es/all_news_blo...

🚨 Last call! 🚨 There are still available slots in the following course of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

🚨 Last call! 🚨 There are still available slots in the following courses of the CEMFI Summer School 2025. Take the chance and apply now... bring your knowledge to the frontier in one week! www.cemfi.es/programs/css...

Graduation of the students of the 2025 class of the Master in Economics and Finance