Inflation and its variability: a note?

Business cycles ; Inflation (Finance)

Fisher effects and central bank independence

Banks and banking, Central

Inflation, real interest rates and the Fisher equation since 1983

Inflation (Finance) ; Interest rates ; Time-series analysis

Controlling inflation: a historical perspective

Inflation (Finance)

Stripe phases in high-temperature superconductors

Stripe phases are predicted and observed to occur in a class of strongly-correlated materials describable as doped antiferromagnets, of which the copper-oxide superconductors are the most prominent representative. The existence of stripe correlations necessitates the development of new principles for describing charge transport, and especially superconductivity, in these materials.Comment: 5 pp, 1 color eps fig., to appear as a Perspective in Proc. Natl. Acad. Sci. US

Exact Results for 1D Kondo Lattice from Bosonization

We find a solvable limit to the problem of the 1D electron gas interacting with a lattice of Kondo scattering centers. In this limit, we present exact results for the problems of incommensurate filling, commensurate filling, impurity vacancy states, and the commensurate-incommensurate transition.Comment: 4 pages, two columns, Latex fil

The algebra of price stability

Prices

The three-dimensional BF Model with Cosmological Term in the Axial Gauge

We quantize the three-dimensional $BF$-model using axial gauge conditions. Exploiting the rich symmetry-structure of the model we show that the Green-functions correspond to tree graphs and can be obtained as the unique solution of the Ward-Identities. Furthermore, we will show that the theory can be uniquely determined by symmetry considerations without the need of an action principle.Comment: one reference added, transmission errors correcte

Dimerization in a half-filled one-dimensional extended Hubbard model

We use a density matrix renormalization group method to study quantitatively the phase diagram of a one-dimensional extended Hubbard model at half-filling by investigating the correlation functions and structure factors. We confirm the existence of a novel narrow region with long-rang bond-order-wave order which is highly controversial recently between the charge-density-wave phase and Mott insulator phase. We determined accurately the position of the tricritical point $U_t\simeq 7.2t$, $V_t\simeq 3.746t$ which is quite different from previous studies

The federal funds rate as an indicator of monetary policy: evidence from the 1980s

Recently, several economists have argued that movements in the federal funds rate are a good proxy for changes in monetary policy. In this article, Nathan Balke and Kenneth Emery critically examine this view and the evidence supporting it. Using simple vector autoregressions, they find that before 1980 the correlations between the federal funds rate and other important macroeconomic variables are consistent with a traditional monetary policy interpretation of the federal funds rate. However, they show that after 1982 the relationships between the federal funds rate and other macroeconomic variables change significantly. Most important, the correlations between the federal funds rate and other macroeconomic variables observed during the 1980s are not as consistent with a traditional monetary policy view of the federal funds rate as they were before 1980. ; Balke and Emery's work highlights how relationships between important macroeconomic variables can change when institutions or policy regimes change. While the federal funds rate may still be a good indicator of monetary policy, its relationship with other important macroeconomic variables is now clearly different from what it was before 1980.Interest rates ; Economic indicators