The national debt: a secular perspective

An examination of the various factors that have determined the level and growth of the federal debt over the past 40 years, with some perspective on future levels of federal debt.Debts, Public ; Budget deficits

The demand for M2, opportunity cost, and financial change

An analysis of the recent weakness in M2 growth that attempts to measure the opportunity cost of the aggregate more accurately and that explores the potential effects of the thrift industry restructuring on the adjustment of money demand to its long-run equilibrium level.Money supply ; Savings and loan associations

Understanding the recent behavior of M2

A discussion of the unanticipated weakness in the M2 monetary aggregate in recent years, suggesting that the shortfall may be largely attributable to the restructuring of the thrift industry, and an explanation of why economic models predicting M2 growth have had difficulty tracking this weakness.Money supply ; Savings and loan associations

The importance of local band effects for ferromagnetism in hole doped La2_2CuO4_4

Band calculations for supercells of La$_{(2-x)}$Ba$_x$CuO$_4$ show that the rigid band model for doping is less adequate than what is commonly assumed. In particular, weak ferromagnetism (FM) can appear locally around clusters of high Ba concentration. The clustering is important at large dilution and averaged models for magnetism, such as the virtual crystal approximation, are unable to stabilize magnetic moments. These results give a support to the idea that weak FM can be the cause of the destruction of superconductivity at high hole doping.Comment: 4 pages, 5 figures, accepted for publication in Physical Review Letter

Quantum Monte Carlo Calculations of A≤6A\leq6 Nuclei

The energies of $^{3}H$, $^{3}He$, and $^{4}He$ ground states, the ${\frac{3}{2}}^{-}$ and ${\frac{1}{2}}^{-}$ scattering states of $^{5}He$, the ground states of $^{6}He$, $^{6}Li$, and $^{6}Be$ and the $3^{+}$ and $0^{+}$ excited states of $^{6}Li$ have been accurately calculated with the Green's function Monte Carlo method using realistic models of two- and three-nucleon interactions. The splitting of the $A=3$ isospin $T=\frac{1}{2}$ and $A=6$ isospin $T=1$, $J^{\pi} = 0^{+}$ multiplets is also studied. The observed energies and radii are generally well reproduced, however, some definite differences between theory and experiment can be identified.Comment: 12 pages, 1 figur

Proton structure corrections to hyperfine splitting in muonic hydrogen

We present the derivation of the formulas for the proton structure-dependent terms in the hyperfine splitting of muonic hydrogen. We use compatible conventions throughout the calculations to derive a consistent set of formulas that reconcile differences between our results and some specific terms in earlier work. Convention conversion corrections are explicitly presented, which reduce the calculated hyperfine splitting by about 46 ppm. We also note that using only modern fits to the proton elastic form factors gives a smaller than historical spread of Zemach radii and leads to a reduced uncertainty in the hyperfine splitting. Additionally, hyperfine splittings have an impact on the muonic hydrogen Lamb shift/proton radius measurement, however the correction we advocate has a small effect there.Comment: 6 pages, 3 figure

Inclusive Breakup Theory of Three-Body Halos

We present a recently developed theory for the inclusive breakup of three-fragment projectiles within a four-body spectator model \cite{CarPLB2017}, for the treatment of the elastic and inclusive non-elastic break up reactions involving weakly bound three-cluster nuclei in $A\,(a,b)\,X$ / $a = x_1 + x_2 + b$ collisions. The four-body theory is an extension of the three-body approaches developed in the 80's by Ichimura, Autern and Vincent (IAV) \cite{IAV1985}, Udagawa and Tamura (UT) \cite{UT1981} and Hussein and McVoy (HM) \cite{HM1985}. We expect that experimentalists shall be encouraged to search for more information about the $x_{1} + x_{2}$ system in the elastic breakup cross section and that also further developments and extensions of the surrogate method will be pursued, based on the inclusive non-elastic breakup part of the $b$ spectrum.Comment: 8 pages, 3 figures, Contribution to the Proceedings of Fusion17: "International Conference on Heavy-Ion Collisions at Near-Barrier Energies", 20-24 February 2017 Hobart, Tasmania, Australi