Couple Interesting Blog Posts/Articles

Before I log my first blog post in my series of posts on business cycles, here is a couple of blog posts and articles that I found interesting:

1. Greg Mankiw's blog post on the controversial TPP (Trans Pacific Partnership) free trade deal and the CEA President, Jason Furman's Brookings explanation: What's not heard by the critics is the mathematical and numerical explanations for the TPP. Other interesting articles on this topic include this Financial Times article, a Brookings article on the geopolitical importance of the TPP and another Brookings article on the updates to the TPP. Very interesting as the controversial TPP deal unfolds with the stagnating economic powerhouse of Japan and with the strong opposition here in the States (Progressive groups, Conservative groups, Labor Unions and your usual Protectionist suspects)

2. Article on Asset Pricing and "Misspecified Recovery": A very interesting article by Lars Peter Hansen, 2011 Nobelist and the Rockefeller Professor at the University of Chicago, Jaroslav Borovicka (New York University) and Jose A. Scheinkman (Columbia University, Princeton University) on Asset Pricing. They nickname this phenomenon "Misspecified Recovery", which are misspecified effects on the long-term effects of information on asset pricing. Very interesting article with a particular interesting twist in that the model makes an interesting utilization of the Perron-Frobenius theory in arriving at interesting information about asset pricing.

3. A Journal of Economic perspectives article from Winter 2009 about the liquidity and credit crunch by Markus K. Brunnermeier by utilizing interesting principles of behavioral economics to explore how a possible financial regulatory framework could put together. I have been reading a bunch of articles on related topics to business cycles and this classic article has helped me on determining how the 2007-2008 crisis has effected our possible perceptions and predictions of how the business cycle works.

4. iM's Business Cycle Index: Interesting calculations that this business cycle index makes. A good basic business cycle index for traders.

5. An article in the latest issue of the Journal of Monetary Economics by Hyun Song Shin: It talks about monetary policy and how the US dollar plays a role in global liquidity transmissions. It goes back to an earlier article of mine on the role of the US dollar in being the global reserve currency and the currency that is most commonly transacted role across financial channels.