INFLATION TARGET ZONES AS A COMMITMENT MECHANISM

In a simple new keyenesian model of monetary policy under discretion constraining the Central Bank to put inflation within a pre-specified Inflation Target Zone can eliminate the inflation bias and, at least for certain parameter ranges, significantly reduce the stabilization bias. Also, it is possible to investigate what is the optimal Inflation Target Zone for different economies. These seem to depend of the structural parameters in a non-linear and often non-monotonic way.

"A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View

The Cobb-Douglas production function is still today the most ubiquitous form in theoretical and empirical analyses of growth and productivity. The estimation of the parameters of aggregate production functions is central to much of today's work on growth, technological change, productivity, and labor. This paper has taken up Samuelson's [1979] invitation to verify empirically his claim that all the regression of the Cobb-Douglas [1928] production function does is to reproduce the income accounting identity according to which value added equals the sum of the wage bill plus total profits. This paper concludes that Samuelson was right, and believes that this argument has very serious implications for today's work in macroeconomics.

Radiatively Induced Lorentz and CPT Violation in Schwinger Constant Field Approximation

The Schwinger proper-time method is an effective calculation method, explicitly gauge invariant and nonperturbative. We make use of this method to investigate the radiatively induced Lorentz and CPT-violating effects in quantum electrodynamics when an axial vector interaction term is introduced in the fermionic sector. The induced Lorentz and CPT-violating Chern-Simons term coincides with the one obtained using a covariant derivative expansion but differs from the result usually obtained in other regularization schemes. A possible ambiguity in the approach is also discussed.Comment: 11 pages, REVTeX, typos and a few equations corrected, a comment added to the conclusions, acknowledgments adde

Extracting Information from Qubit-Environment Correlations

Most works on open quantum systems generally focus on the reduced physical system by tracing out the environment degrees of freedom. Here we show that the qubit distributions with the environment are essential for a thorough analysis, and demonstrate that the way that quantum correlations are distributed in a quantum register is constrained by the way in which each subsystem gets correlated with the environment. For a two-qubit system coupled to a common dissipative environment $\mathcal{E}$, we show how to optimise interqubit correlations and entanglement via a quantification of the qubit-environment information flow, in a process that, perhaps surprisingly, does not rely on the knowledge of the state of the environment. To illustrate our findings, we consider an optically-driven bipartite interacting qubit $AB$ system under the action of $\mathcal{E}$. By tailoring the light-matter interaction, a relationship between the qubits early stage disentanglement and the qubit-environment entanglement distribution is found. We also show that, under suitable initial conditions, the qubits energy asymmetry allows the identification of physical scenarios whereby qubit-qubit entanglement minima coincide with the extrema of the $A\mathcal{E}$ and $B\mathcal{E}$ entanglement oscillations.Comment: 4 figures, 9 page

A new bridge between leptonic CP violation and leptogenesis

Flavor effects due to lepton interactions in the early Universe may have played an important role in the generation of the cosmological baryon asymmetry through leptogenesis. If the only source of high-energy CP violation comes from the left-handed leptonic sector, then it is possible to establish a bridge between flavored leptogenesis and low-energy leptonic CP violation. We explore this connection taking into account our present knowledge about low-energy neutrino parameters and the matter-antimatter asymmetry observed in the Universe. In this framework, we find that leptogenesis favors a hierarchical light neutrino mass spectrum, while for quasi-degenerate and inverted hierarchical neutrino masses there is a very narrow allowed window. The absolute neutrino mass scale turns out to be m < 0.1 eV.Comment: 10 pages, 3 figure