Bachelor in Economics, Universidade de Brasília, 1984. Doctor of Philosophy in Economics, University Illinois, Urbana-Champaign, 1991.
Coordinator international analysis, department international affairs secretariat planning Brazilian Ministry Economics, Financial and Planning, Brasília, 1991—1992. General coordinator foreign affairs, secretariat economic policy Brazilian Ministry of Finance, 1992—1995. Senior advisor to the foreign trade chamber Presidential Staff Office, Presidency of Republic, 1995—1998.
Senior advisor to the board Banco Central do Brasil, 1998—1999, head research department, 1999—2001, deputy governor economic research, 2005—2006, deputy governor international affairs, 2006, deputy governor finance system regulation and organization, 2006—2010, governor general, since 2010. Senior advisor to the executive director & member executive board, Brazilian Office International Monetary Fund, Washington, 2001—2006. Visiting professor department economics University Brasília, 1993—1994.