CEMFI Summer School 2026

All courses take place within a five-day period and provide an intensive, rigorous, and in-depth analysis of the topics covered. Courses typically combine formal lectures, discussion sessions and, in some cases, workshop sessions where some participants can discuss their work. In more applied courses, practical classes outside the regular schedule are organized to provide additional hands-on experience. A course manager is assigned to each course to coordinate all activities. All courses are taught in person.

See our website for more information:
https://www.cemfi.es/programs/css/

CEMFI is an independent non-profit foundation created by the Bank of Spain. CEMFI's faculty is committed to high-quality research, and faculty members publish in the most prestigious international journals. Moreover, CEMFI is widely known for its excellence in teaching. CEMFI occupies a beautiful 19th century palace located in a quiet area in the center of Madrid, between Retiro Park and Prado Museum.

The following 10 courses are offered in the 2025 edition:

17-21 August 2026

Data Science for Economics: Mastering Unstructured Data by Christopher Rauh (IAE-CSIC, University of Cambridge)

Dynamics, Heterogeneity, and Nonlinearity in Panel Data by Stephane Bonhomme (University of Chicago)

AI for Economic Measurement, Forecasting, and Simulation by Sophia Kazinnik (Stanford University)

24-28 August 2026

The Economics of Global Value Chains by Pol Antràs (Harvard University)
^{This is course is co-organized with Georgetown University and Georgetown American Institute}

Difference-in-Differences with Panel Data by Jeffrey Wooldridge (Michigan State University)

High-Frequency Event Studies in Macroeconomics by Eric Swanson (University of California, Irvine)

31 August – 4 September 2026

Quantitative Spatial Economics for Policy Evaluation by Gabriel Ahlfeldt (Humboldt University of Berlin)

Local Projection Methods for Time Series and Panel Data by Óscar Jordà (Federal Reserve Bank of San Francisco and UC Davis)

DSGE and Time-Series Models for Macroeconomic and Policy Analysis by Marco del Negro (Federal Reserve Bank of New York)

Geoeconomics: The Economic Effects of Geopolitical Risks by Dario Caldara (Federal Reserve Board)

PREREQUISITES: 
See the description of each course for prerequisites.

LANGUAGE REQUIREMENTS: 
All courses are taught in English.

CLASS SIZE: 
No more than 36 students per course.

AVERAGE % OF INTERNATIONAL STUDENTS: 
Around 50%.

COURSE INSTRUCTORS/PROFESSORS: 
Top academic professors in the area of economics and finance.