Heat a sauté pan with 2 tbsp olive oil.
Sauté onion and red pepper until soft, about 5-7 minutes. Add 2 tbsp of oil, and cook beef with spices until browned, about 10 more minutes.
Allow mixture to cool completely.
Meanwhile, roll out pastry on a floured surface. Using a large cookie cutter or a glass with a wide rim (about 3-4”), cut 24 rounds.
Place 1 tbsp of mixture in the rounds and top with cranberries and olives.
Using some water, draw a border around the edges of the dough to create a seal. Fold empanadas in half using a fork to finish the seal.
Allow prepared empanadas to chill in the refrigerator for 30 minutes.
Preheat oven to 375°.
Bake empanadas for 25-30 minutes.