Pedro Amaral is a senior research economist in the Research Department of the Federal Reserve Bank of Cleveland. His main areas of research are macroeconomics and labor economics. He is particularly interested in studying the effects of financial intermediation frictions on the economy's performance as well as episodes of the Great Depression of 1929-1933 in countries where it occurred.
Before joining the Bank in 2009, Dr. Amaral was an assistant professor of economics at Southern Methodist University in Dallas, Texas.
A native of Lisbon, Portugal, Dr. Amaral earned a bachelor’s degree from the Universidade Católica Portuguesa and an MA and PhD in economics from the University of Minnesota.