About maximally localized states in quantum mechanics

We analyze the emergence of a minimal length for a large class of generalized commutation relations, preserving commutation of the position operators and translation invariance as well as rotation invariance (in dimension higher than one). We show that the construction of the maximally localized states based on squeezed states generally fails. Rather, one must resort to a constrained variational principle.Comment: accepted for publication in PR

Regional Debt in Monetary Unions: Is it Inflationary?

This paper studies the inflationary implications of interest bearing regional debt in a monetary union. Is this debt simply backed by future taxation with no inflationary consequences? Or will the circulation of region debt induce monetization by a central bank? We argue here that both outcomes can arise in equilibrium. In the model economy, there are multiple equilibria which reflect the perceptions of agents regarding the manner in which the debt obligations will be met. In one equilibrium, termed Ricardian, the future obligations are met with taxation by a regional government while in the other, termed Monetization, the central bank is induced to print money to finance the region's obligations. The multiplicity of equilibria reflects a commitment problem of the central bank. A key indicator of the selected equilibrium is the distribution of the holdings of the regional debt. We show that regional governments, anticipating central bank financing of their debt obligations, have an incentive to create excessively large deficits. We use the model to assess the impact of policy measures within a monetary union.Monetary Union ; Inflation tax ; Seigniorage ; Public debt.

Comment on "Quantum mechanics of smeared particles"

In a recent article, Sastry has proposed a quantum mechanics of smeared particles. We show that the effects induced by the modification of the Heisenberg algebra, proposed to take into account the delocalization of a particle defined via its Compton wavelength, are important enough to be excluded experimentally.Comment: 2 page

Insulation impossible: monetary policy and regional fiscal spillovers in a federation

This paper studies the effects of monetary policy rules in a fiscal federation, such as the European Union. The focus of the analysis is the interaction between the fiscal policy of member countries (regions) and the monetary authority. Each of the countries structures its fiscal policy (spending and taxes) with the interests of its citizens in mind. Ricardian equivalence does not hold due to the presence of monetary frictions, modeled here as reserve requirements. When capital markets are integrated, the fiscal policy of one country influences equilibrium wages and interest rates. Under certain rules, monetary policy may respond to the price variations induced by regional fiscal policies. Depending on the type of rule it adopts, interventions by the monetary authority affect the magnitude and nature of the spillover from regional fiscal policy.Monetary Union, Inflation tax, Seigniorage, monetary rules, public debt.

Monetary rules and the spillover of regional fiscal policies in a federation.

This paper studies the effects of monetary policy rules in a fiscal federation, such as the European Union. The focus of the analysis is the interaction between the fiscal policy of member countries (regions) and the monetary authority. Each of the countries structures its fiscal policy (spending and taxes) with the interests of its citizens in mind. Ricardian equivalence does not hold due to the presence of monetary frictions, modelled here as reserve requirements. When capital markets are integrated, the fiscal policy of one country influences equilibrium wages and interest rates. Under certain rules, monetary policy may respond to the price variations induced by regional fiscal policies. Depending on the type of rule it adopts, interventions by the monetary authority affect the magnitude and nature of the spillover from regional fiscal policy.Monetary Union ; Inflation tax ; Seigniorage ; monetary rules ; public debt.

Hole spin dynamics and hole gg factor anisotropy in coupled quantum well systems

Due to its p-like character, the valence band in GaAs-based heterostructures offers rich and complex spin-dependent phenomena. One manifestation is the large anisotropy of Zeeman spin splitting. Using undoped, coupled quantum wells (QWs), we examine this anisotropy by comparing the hole spin dynamics for high- and low-symmetry crystallographic orientations of the QWs. We directly measure the hole $g$ factor via time-resolved Kerr rotation, and for the low-symmetry crystallographic orientations (110) and (113a), we observe a large in-plane anisotropy of the hole $g$ factor, in good agreement with our theoretical calculations. Using resonant spin amplification, we also observe an anisotropy of the hole spin dephasing in the (110)-grown structure, indicating that crystal symmetry may be used to control hole spin dynamics

Perturbation spectrum in inflation with cutoff

It has been pointed out that the perturbation spectrum predicted by inflation may be sensitive to a natural ultraviolet cutoff, thus potentially providing an experimentally accessible window to aspects of Planck scale physics. A priori, a natural ultraviolet cutoff could take any form, but a fairly general classification of possible Planck scale cutoffs has been given. One of those categorized cutoffs, also appearing in various studies of quantum gravity and string theory, has recently been implemented into the standard inflationary scenario. Here, we continue this approach by investigating its effects on the predicted perturbation spectrum. We find that the size of the effect depends sensitively on the scale separation between cutoff and horizon during inflation.Comment: 6 pages; matches version accepted by PR

Unsharp Degrees of Freedom and the Generating of Symmetries

In quantum theory, real degrees of freedom are usually described by operators which are self-adjoint. There are, however, exceptions to the rule. This is because, in infinite dimensional Hilbert spaces, an operator is not necessarily self-adjoint even if its expectation values are real. Instead, the operator may be merely symmetric. Such operators are not diagonalizable - and as a consequence they describe real degrees of freedom which display a form of "unsharpness" or "fuzzyness". For example, there are indications that this type of operators could arise with the description of space-time at the string or at the Planck scale, where some form of unsharpness or fuzzyness has long been conjectured. A priori, however, a potential problem with merely symmetric operators is the fact that, unlike self-adjoint operators, they do not generate unitaries - at least not straightforwardly. Here, we show for a large class of these operators that they do generate unitaries in a well defined way, and that these operators even generate the entire unitary group of the Hilbert space. This shows that merely symmetric operators, in addition to describing unsharp physical entities, may indeed also play a r{\^o}le in the generation of symmetries, e.g. within a fundamental theory of quantum gravity.Comment: 23 pages, LaTe

On Fields with Finite Information Density

The existence of a natural ultraviolet cutoff at the Planck scale is widely expected. In a previous Letter, it has been proposed to model this cutoff as an information density bound by utilizing suitably generalized methods from the mathematical theory of communication. Here, we prove the mathematical conjectures that were made in this Letter.Comment: 31 pages, to appear in Phys.Rev.

Mode Generating Mechanism in Inflation with Cutoff

In most inflationary models, space-time inflated to the extent that modes of cosmological size originated as modes of wavelengths at least several orders of magnitude smaller than the Planck length. Recent studies confirmed that, therefore, inflationary predictions for the cosmic microwave background perturbations are generally sensitive to what is assumed about the Planck scale. Here, we propose a framework for field theories on curved backgrounds with a plausible type of ultraviolet cutoff. We find an explicit mechanism by which during cosmic expansion new (comoving) modes are generated continuously. Our results allow the numerical calculation of a prediction for the CMB perturbation spectrum.Comment: 9 pages, LaTe