Super-Weyl Invariant 2D Supergravity, Anomaly and WZ Action

We present a candidate of anomaly and Wess Zumino action of the two dimensional supergravity coupling with matters in a super-Weyl invariant regularization. It is a generalization of the Weyl and the area preserving \Diff invariant formulation of two dimensional gravity theory.Comment: 9 pages, Late

Non-Relativistic Superstrings: A New Soluble Sector of AdS_5xS^5

We find a new sector of string theory in AdS_5xS^5 describing non-relativistic superstrings in that geometry. The worldsheet theory of non-relativistic strings in AdS_5xS^5 is derived and shown to reduce to a supersymmetric free field theory in AdS_2. Non-relativistic string theory provides a new calculable setting in which to study holography.Comment: 29 pages, LATEX forma

Hamiltonian formulation of nonAbelian noncommutative gauge theories

We implement the Hamiltonian treatment of a nonAbelian noncommutative gauge theory, considering with some detail the algebraic structure of the noncommutative symmetry group. The first class constraints and Hamiltonian are obtained and their algebra derived, as well as the form of the gauge invariance they impose on the first order action.Comment: enlarged version, 7 pages, RevTe

Nambu-Goldstone Fields, Anomalies and WZ Terms

We construct the Wess-Zumino terms from anomalies in case of quasigroups for the following situations. One is effective gauge field theories of Nambu-Goldstone fields associated with spontaneously broken global symmetries and the other is anomalous gauge theories. The formalism that we will develop can be seen as a generalization of the non-linear realization method of Lie groups. As an example we consider 2d gravity with a Weyl invariant regularizationComment: 19 pages, Late

Optimal monetary policy in a model of money and credit

The authors investigate the extent to which monetary policy can enhance the functioning of the private credit system. Specifically, they characterize the optimal return on money in the presence of credit arrangements. There is a dual role for credit: It allows buyers to trade without fiat money and also permits them to borrow against future income. However, not all traders have access to credit. As a result, there is a social role for fiat money because it allows agents to self-insure against the risk of not being able to use credit in some transactions. The authors consider a (nonlinear) monetary mechanism that is designed to enhance the credit system. An active monetary policy is sufficient for relaxing credit constraints. Finally, they characterize the optimal monetary policy and show that it necessarily entails a positive inflation rate, which is required to induce cooperation in the credit system.Monetary policy ; Money ; Credit

Optimal monetary policy in a model of money and credit

The authors study optimal monetary policy in a model in which fiat money and private debt coexist as a means of payment. The credit system is endogenous and allows buyers to relax their cash constraints. However, it is costly for agents to publicly report their trades, which is necessary for the enforcement of private liabilities. If it is too costly for the government to obtain information regarding private transactions, then it relies on the public information generated by the private credit system. If not all private transactions are publicly reported, the government has imperfect public information to implement monetary policy. In this case, the authors show that there is no incentive-feasible policy that can implement the socially efficient allocation. Finally, they characterize the optimal policy for an economy with a low record-keeping cost and a large number of public transactions, which results in a positive long-run inflation rate.Monetary policy ; Disclosure of information

A Note on Unitarity of Non-Relativistic Non-Commutative Theories

We analyze the unitarity of a non-relativistic non-commutative scalar field theory. We show that electric backgrounds spoil unitarity while magnetic ones do not. Furthermore, unlike its relativistic counterparts, unitarity can not be restored (at least at the level of one-to-one scattering amplitude) by adding new states to the theory. This is a signal that the model cannot be embedded in a natural way in string theory.Comment: 6 pages, 2 figures. References adde

D-branes as a Bubbling Calabi-Yau

We prove that the open topological string partition function on a D-brane configuration in a Calabi-Yau manifold X takes the form of a closed topological string partition function on a different Calabi-Yau manifold X_b. This identification shows that the physics of D-branes in an arbitrary background X of topological string theory can be described either by open+closed string theory in X or by closed string theory in X_b. The physical interpretation of the ''bubbling'' Calabi-Yau X_b is as the space obtained by letting the D-branes in X undergo a geometric transition. This implies, in particular, that the partition function of closed topological string theory on certain bubbling Calabi-Yau manifolds are invariants of knots in the three-sphere.Comment: 32 pages; v.2 reference adde