Financial Crash, Commody Prices, and Global Inbalances

macroeconomics, financial crash, markets, commodities, world

Quantum circuit implementation of the Hamiltonian versions of Grover's algorithm

We analyze three different quantum search algorithms, the traditional Grover's algorithm, its continuous-time analogue by Hamiltonian evolution, and finally the quantum search by local adiabatic evolution. We show that they are closely related algorithms in the sense that they all perform a rotation, at a constant angular velocity, from a uniform superposition of all states to the solution state. This make it possible to implement the last two algorithms by Hamiltonian evolution on a conventional quantum circuit, while keeping the quadratic speedup of Grover's original algorithm.Comment: 5 pages, 3 figure

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

Three of the most important recent facts in global macroeconomics -- the sustained rise in the US current account deficit, the stubborn decline in long run real rates, and the rise in the share of US assets in global portfolio -- appear as anomalies from the perspective of conventional wisdom and models. Instead, in this paper we provide a model that rationalizes these facts as an equilibrium outcome of two observed forces: a) potential growth differentials among different regions of the world and, b) heterogeneity in these regions' capacity to generate financial assets from real investments. In extensions of the basic model, we also generate exchange rate and FDI excess returns which are broadly consistent with the recent trends in these variables. Unlike the conventional wisdom, in the absence of a large change in (a) or (b), our model does not augur any catastrophic event. More generally, the framework is flexible enough to shed light on a range of scenarios in a global equilibrium environment.

Experimental study of ultracold neutron production in pressurized superfluid helium

We have investigated experimentally the pressure dependence of the production of ultracold neutrons (UCN) in superfluid helium in the range from saturated vapor pressure to 20bar. A neutron velocity selector allowed the separation of underlying single-phonon and multiphonon pro- cesses by varying the incident cold neutron (CN) wavelength in the range from 3.5 to 10{\AA}. The predicted pressure dependence of UCN production derived from inelastic neutron scattering data was confirmed for the single-phonon excitation. For multiphonon based UCN production we found no significant dependence on pressure whereas calculations from inelastic neutron scattering data predict an increase of 43(6)% at 20bar relative to saturated vapor pressure. From our data we conclude that applying pressure to superfluid helium does not increase the overall UCN production rate at a typical CN guide.Comment: 18 pages, 8 figures Version accepted for publication in PR

A Quantum Adiabatic Evolution Algorithm Applied to Random Instances of an NP-Complete Problem

A quantum system will stay near its instantaneous ground state if the Hamiltonian that governs its evolution varies slowly enough. This quantum adiabatic behavior is the basis of a new class of algorithms for quantum computing. We test one such algorithm by applying it to randomly generated, hard, instances of an NP-complete problem. For the small examples that we can simulate, the quantum adiabatic algorithm works well, and provides evidence that quantum computers (if large ones can be built) may be able to outperform ordinary computers on hard sets of instances of NP-complete problems.Comment: 15 pages, 6 figures, email correspondence to [email protected] ; a shorter version of this article appeared in the April 20, 2001 issue of Science; see http://www.sciencemag.org/cgi/content/full/292/5516/47