Julián P. Díaz

Title/s:  Associate Professor

Office #:  Schreiber 823

Phone: 312.915.7045

Email: jdiaz17@luc.edu

External Webpage: http://jdiaz17.sites.luc.edu/


Professor Díaz’s research spans the fields of International Trade and International Macroeconomics. His work analyzes the effects of trade and financial liberalization, with particular focus on the cases of the so-called “transition economies” of Central and Eastern Europe that joined the European Union in the 2004 and 2007 enlargement rounds. His research has been published in a variety of Economics journals, including Economic Theory, the Journal of Comparative Economics, the Journal of International Money and Finance, the Southern Economic Journal, and Economic Inquiry.


  • Ph.D. Economics, University of Minnesota, 2007.
  • Dissertation: “Essays on International Economics,” Supervisor: Timothy J. Kehoe.
  • M.A. Economics (with a Minor in Mathematics), University of Minnesota, 2004.
  • M.Sc. Economics, Universitat Pompeu Fabra (Barcelona, Spain), 2000.
  • B.Sc. Economics, Escuela Superior Politecnica del Litoral (Guayaquil, Ecuador), 1998.

Research Interests

  • International Trade and International Finance
  • Macroeconomics
  • Transition Economics
  • Latin American Economics

Professional & Community Affiliations

Refereed for:  

  • Journal of International Economics
  • Southern Economic Journal
  • Economic Inquiry
  • Journal of the Japanese and International Economies
  • Journal of Economic Education
  • International Economic Journal
  • Routledge
  • International Trade Journal

Courses Taught

  • Undergraduate: Macroeconomics, International Monetary Relations, Principles of Macroeconomics.
  • Graduate: Business Fluctuations, International Business Economics.


  • Quinlan Faculty Development Grant, 2014,2015,2016,2018, 2019
  • Loyola University Chicago Faculty Development Leave Award: 2017

Selected Publications

Refereed Journal Articles 

Díaz, J. P., Cho, S.-W. "Do Free Trade Agreements Increase the New Goods Margin? Evidence from Korea," Open Economies Review, Vol. 29, No. 5 (2018). doi:10.1007/s11079-018-9500-5.

Díaz, J. P., Cho, S.-W. "Skill Premium Divergence: The Roles of Trade, Capital and Demographics," Economic Theory, Vol. 67, No. 1 (2109). doi:10.1007/s00199-018-1098-8.

Díaz, J. P., Cho, S.-W. "The Dynamics of Trade Margins: Evidence from the European Integration." Economics Letters, Vol. 167 (2018), 90-96.

Díaz, J. P., Cho, S.-W. "The New Goods Margin in New Markets." Journal of Comparative Economics, Vol. 46 (1) (2018), 78-93.

Díaz, J. P., Cho, S.-W. "Accounting for Skill Premium Patterns: Evidence from the EU Accession." Southern Economic Journal, Vol. 83 (1) (2016), 271-299.

Díaz, J.P., S. Cho. "Trade Integration and the Skill Premium: Evidence from a Transition Economy." Journal of Comparative Economics, Vol. 41 (2) (2013), 601-620.

Díaz, J.P. "Can Enforcement Constraints Explain the Patterns of Capital Flows after Financial Liberalizations?" Journal of International Money and Finance, Vol. 31 (5) (2012), 1180-1194.

Díaz, J.P., S. Cho. "The Welfare Impact of Trade Liberalization." Economic Inquiry, Vol. 49 (2) (2011), 379-397.

Díaz, J.P., S. Cho. “Trade Liberalization in Latin America and Eastern Europe: The Cases of Ecuador and Slovenia.” Journal of Economic Integration, Vol. 23 (4) (2008), 1002-1045.

Book Chapters

"The Fiscal and Monetary History of Ecuador: 1950-2015," with Simón Cueva, forthcoming in Timothy J. Kehoe, Juan Pablo Nicolini, and Thomas J. Sargent, Editors, The Monetary and Fiscal History of Latin America, The University of Chicago Press. Available as Becker Friedman Institute Working Paper No. 2018-65.

"La Historia Económica Contemporánea del Ecuador, 1972-2015" ("The Modern Economic History of Ecuador, 1972-2015"), in Javier Díaz Cassou and mart Ruiz-Arranz, Editors, Reformas y Desarrollo en el Ecuador Contemporáneo, Inter-American Development Bank.

"La Inserción Internacional de la Economía Ecuatoriana en Dolarización" ("The International Integration of the Ecuadorian Economy under Dollarization"), in Javier Díaz Cassou and Marta Ruiz-Arranz, Editors, Reformas y Desarrollo en el Ecuador Contemporáneo, Inter-American Development Bank.​

Other Intellectual Contributions 

Diaz, J. P., Cho, S.-W. "New Goods" Trade in the Baltics. FREE Policy Briefs. (2017) http://freepolicybriefs.org/2017/05/22/new-goods-trade-baltics/

Media Coverage 

"Illinois Pig Farmers Worry China Trade Tariffs Could Decimate Industry," CGTN America, March 29, 2018.

"Planned US Metal Tariffs Rattle Workers at Wisconsin Canning Factory," CGTN America, March 7, 2018.

"Could Trump Bring Manufacturing Jobs Back to Chicago?" Chicago Magazine, November