Halo-independent tests of dark matter annual modulation signals

I derive new halo-independent lower bounds on the product of the dark matter-nucleon scattering cross section and the local dark matter density that are valid for annual modulations of dark matter direct detection signals. They are obtained by making use of halo-independent bounds based on an expansion of the rate on the Earth's velocity that were derived in previous works. In combination with astrophysical measurements of the local energy density, an observed annual modulation implies a lower bound on the cross section that is independent of the velocity distribution and that must be fulfilled by any particle physics model. In order to illustrate the power of the bounds we apply them to DAMA/LIBRA data and obtain quite strong results when compared to the standard halo model predictions. We also extend the bounds to the case of multi-target detectors.Comment: 23 pages, 5 figures, 1 table. Extended discussion on the phase, one figure added, minor changes, results unchanged. Matches published version in JCA

A halo-independent lower bound on the dark matter capture rate in the Sun from a direct detection signal

We show that a positive signal in a dark matter (DM) direct detection experiment can be used to place a lower bound on the DM capture rate in the Sun, independent of the DM halo. For a given particle physics model and DM mass we obtain a lower bound on the capture rate independent of the local DM density, velocity distribution, galactic escape velocity, as well as the scattering cross section. We illustrate this lower bound on the capture rate by assuming that upcoming direct detection experiments will soon obtain a significant signal. When comparing the lower bound on the capture rate with limits on the high-energy neutrino flux from the Sun from neutrino telescopes, we can place upper limits on the branching fraction of DM annihilation channels leading to neutrinos. With current data from IceCube and Super-Kamiokande non-trivial limits can be obtained for spin-dependent interactions and direct annihilations into neutrinos. In some cases also annihilations into $\tau\tau$ or $b\bar b$ start getting constrained. For spin-independent interactions current constraints are weak, but they may become interesting for data from future neutrino telescopes.Comment: 27 pages, 8 figures. Added discussion on equilibrium. Added section 5.4 on form factor uncertainties. Updated figures with SK new limits. Published in JCA

Astrophysics independent bounds on the annual modulation of dark matter signals

We show how constraints on the time integrated event rate from a given dark matter (DM) direct detection experiment can be used to set a stringent constraint on the amplitude of the annual modulation signal in another experiment. The method requires only very mild assumptions about the properties of the local DM distribution: that it is temporally stable on the scale of months and spatially homogeneous on the ecliptic. We apply the method to the annual modulation signal in DAMA/LIBRA, which we compare to the bounds derived from the constraints on the time-averaged rates from XENON10, XENON100, CDMS and SIMPLE. Assuming a DM mass of 10 GeV, we show that a DM interpretation of the DAMA/LIBRA signal is excluded at 6.3sigma (4.6sigma) for isospin conserving (violating) spin-independent interactions, and at 4.9sigma for spin-dependent interactions on protons.Comment: 4 pages, 4 figure

WHAT MAKES BALANCE SHEET EFFECTS DETRIMENTAL FOR THE COUNTRY RISK PREMIUM?

This paper builds upon the empirical literature on the macroeconomic impact of real exchange rate depreciations for a sample of 27 emerging economies. We find that real exchange rate depreciations tend to increase a country’s risk premium. This effect is neither linear nor symmetric: large real exchange depreciations are much more detrimental and real appreciations do not seem to reduce the risk premium. We also show that the main channels for the real exchange rate to affect country risk are external and domestic balance sheet effects, stemming from the sudden increase in the stock of external or domestic dollar-denominated debt, respectively. This is particularly the case in the countries with the largest financial imperfections. Competitiveness is not an important enough factor to outweigh this negative effect. Finally, fixed exchange rate regimes tend to amplify balance sheet effects, beyond the extent of real depreciation. The data indicates that it could be due to a larger accumulation of external debt under fixed regimes.balance sheet effects, financial accelerator theories, exchange rate regime

Neutrino Masses, Grand Unification, and Baryon Number Violation

If grand unification is real, searches for baryon-number violation should be included on the list of observables that may reveal information regarding the origin of neutrino masses. Making use of an effective-operator approach and assuming that nature is SU(5) invariant at very short distances, we estimate the consequences of different scenarios that lead to light Majorana neutrinos for low-energy phenomena that violate baryon number minus lepton number (B-L) by two (or more) units, including neutron-antineutron oscillations and B-L violating nucleon decays. We find that, among all possible effective theories of lepton-number violation that lead to nonzero neutrino masses, only a subset is, broadly speaking, consistent with grand unification.Comment: 12 pages, 1 figure. Improved discussion, references added, results unchange

Phenomenology of SU(5) low-energy realizations: the diphoton excess and Higgs flavor violation

We discuss different $\rm SU(5)$ low-energy realizations and illustrate their use with the diphoton excess and Higgs flavor violation, which require new physics at the TeV scale. In particular, we study two scenarios for a $750$ GeV resonance: in the first one the resonance belongs to the adjoint of $\rm SU(5)$, being either an $\rm SU(2)_L$ singlet or a triplet, while in the second case the signal is due to the CP-even and CP-odd states of a new $\rm SU(2)_L$ Higgs doublet belonging to a ${\bf 45}_H$ or a ${\bf 70}_H$ representations, giving rise to a two-Higgs doublet model at low energies. We study the fine-tuning needed for the desired members of the multiplets to be light enough, while having the rest at the GUT scale. In these scenarios, the production and decay into photons of the new resonance are mediated by the leptoquarks (LQ) present in these large $\rm SU(5)$ representations. We analyse the phenomenology of such scenarios, focusing on the most relevant predictions that can help to disentangle the different models, like decays into gauge bosons, Standard Model (SM) fermions and LQs pair production. In the case of the ${\bf 45}_H$ (the Georgi-Jarlskog model), we also study the possibility to have Higgs flavor violation. We find that $B_s$ mixing limits (in addition to $\tau\rightarrow \mu \gamma$) always imply that $\rm{BR}(h\rightarrow \tau\mu,\,bs)\lesssim 10^{-5}$.Comment: Minor clarifications and references added, typos corrected, matches published version in NP