Adviser to the Board of the Banco de Portugal and Associate Professor at New University of Lisbon. Previously, Member of the Board and Executive Director of the Banco de Portugal, Member of the Monetary Committee and Member of the Economic Policy Committee of the European Commission.

He was for eleven years a senior economist at the World Bank, where he worked with several North African and Latin American countries. As Member of the Board of the Banco de Portugal he was responsible for six years of the monetary policy in Portugal and responsible to bring the country to the single currency. At the World Bank he was mission leader and responsible for a structural adjustment program for Morocco and a large decentralisation and regional development project for Mexico, besides being a macroeconomist for several countries. He also worked on the social sectors, safety nets and agricultural sectors of several North African and Latin American Countries. He also worked extensively on tax reforms.

He has a Ph.D. in Economics from the University of Pennsylvania, USA. He has taught at the "Universidade Nova de Lisboa", "Universidade Católica Portuguesa" and "Universidade Autónoma de Lisboa". He has published extensively. He speaks Portuguese (mother tongue), English, French and Spanish.