This Saturday, November 10, it is the last scheduled session of the XXII Annual Meeting LACEA LAMES 2018, the most relevant event in the fields of Economics and Econometrics in Latin America and the Caribbean, which has been taking place in the region since 1996 and for the first time it is held in Guayaquil, at The Campus Gustavo Galindo Velasco of ESPOL.

In the morning, with a full auditorium in the STEM Postgraduate building, Christopher A. Sims, an expert in Macroeconomics and winner of the Bank of Sweden Award in Economic Sciences in memory of Alfred Nobel (2011), delivered the keynote lecture "How to worry about government debt? ", in which he spoke on how to manage public debt, considering the effects that fiscal and monetary policy may have.

During his presentation, he referred on how to understand the effectiveness of fiscal policy, considering the expectations that the agents may have, in this case, consumers and firms, in relation on how to respond to the presence of deficit. He indicated that some of these policies are not necessarily effective. Besides, he centered part of his lecture on how the excessive levels of debt affect the price levels in the economies of each country.

Simultaneously, in the Auditorium of the College of Social Sciences and Humanities, FCSH, the expert Richard Rogerson, from Princeton University (United States of America), was the speaker who led the tenth Keynote Lecture, entitled “Skill biased structural changes”. Besides, he had the opportunity to share with polytechnic students some tips about how to publish their research papers.

As part of this last day of LACEA LAMES 2018, the fourth contributory session was also held with the FCSH teacher, Gonzalo Sánchez.

For José Gabriel Castillo, director of the Center for Economic Research of ESPOL, the development of LACEA LAMES during the three days of the event represented an honor for the professors and students that make up the polytechnic community. “It is a great privilege to be able to attend lectures with experts who are many of the authors that generate important knowledge worldwide”, he said.

Similarly, the dean of the College of Social Sciences and Humanities of ESPOL, Leonardo Sanchez, described the whole day as a great success, at the level of attendance, with around 700 national and international experts, organization and media coverage.