Local Anomalies, Local Equivariant Cohomology and the Variational Bicomplex

The locality conditions for the vanishing of local anomalies in field theory are shown to admit a geometrical interpretation in terms of local equivariant cohomology, thus providing a method to deal with the problem of locality in the geometrical approaches to the study of local anomalies based on the Atiyah-Singer index theorem. The local cohomology is shown to be related to the cohomology of jet bundles by means of the variational bicomplex theory. Using these results and the techniques for the computation of the cohomology of invariant variational bicomplexes in terms of relative Gel'fand-Fuks cohomology introduced in [6], we obtain necessary and sufficient conditions for the cancellation of local gravitational and mixed anomalies.Comment: 36 pages. The paper is divided in two part

Quantization of Two-Dimensional Gravity with Dynamical Torsion

We consider two-dimensional gravity with dynamical torsion in the Batalin - Vilkovisky and Batalin - Lavrov - Tyutin formalisms of gauge theories quantization as well as in the background field method.Comment: 12 pages, LaTe

Gravitation, electromagnetism and cosmological constant in purely affine gravity

The Ferraris-Kijowski purely affine Lagrangian for the electromagnetic field, that has the form of the Maxwell Lagrangian with the metric tensor replaced by the symmetrized Ricci tensor, is dynamically equivalent to the metric Einstein-Maxwell Lagrangian, except the zero-field limit, for which the metric tensor is not well-defined. This feature indicates that, for the Ferraris-Kijowski model to be physical, there must exist a background field that depends on the Ricci tensor. The simplest possibility, supported by recent astronomical observations, is the cosmological constant, generated in the purely affine formulation of gravity by the Eddington Lagrangian. In this paper we combine the electromagnetic field and the cosmological constant in the purely affine formulation. We show that the sum of the two affine (Eddington and Ferraris-Kijowski) Lagrangians is dynamically inequivalent to the sum of the analogous ($\Lambda$CDM and Einstein-Maxwell) Lagrangians in the metric-affine/metric formulation. We also show that such a construction is valid, like the affine Einstein-Born-Infeld formulation, only for weak electromagnetic fields, on the order of the magnetic field in outer space of the Solar System. Therefore the purely affine formulation that combines gravity, electromagnetism and cosmological constant cannot be a simple sum of affine terms corresponding separately to these fields. A quite complicated form of the affine equivalent of the metric Einstein-Maxwell-$\Lambda$ Lagrangian suggests that Nature can be described by a simpler affine Lagrangian, leading to modifications of the Einstein-Maxwell-$\Lambda$CDM theory for electromagnetic fields that contribute to the spacetime curvature on the same order as the cosmological constant.Comment: 17 pages, extended and combined with gr-qc/0612193; published versio

Three-Dimensional Integrable Models and Associated Tangle Invariants

In this paper we show that the Boltzmann weights of the three-dimensional Baxter-Bazhanov model give representations of the braid group, if some suitable spectral limits are taken. In the trigonometric case we classify all possible spectral limits which produce braid group representations. Furthermore we prove that for some of them we get cyclotomic invariants of links and for others we obtain tangle invariants generalizing the cyclotomic ones.Comment: Number of pages: 21, Latex fil

A Conformal Affine Toda Model of 2D-Black Holes the End-Point State and the S-Matrix

In this paper we investigate in more detail our previous formulation of the dilaton-gravity theory by Bilal--Callan--de~Alwis as a $SL_2$-conformal affine Toda (CAT) theory. Our main results are: i) a field redefinition of the CAT-basis in terms of which it is possible to get the black hole solutions already known in the literature; ii) an investigation the scattering matrix problem for the quantum black hole states. It turns out that there is a range of values of the $N$ free-falling shock matter fields forming the black hole solution, in which the end-point state of the black hole evaporation is a zero temperature regular remnant geometry. It seems that the quantum evolution to this final state is non-unitary, in agreement with Hawking's scenario for the black hole evaporation.Comment: ROM2F-93-03, 27 pages, phyzz

Liquidity risk premia : an empirical analysis of european corporate bond yields

In this study we highlight the importance of liquidity risk, especially in periods of market stress, and advocate in favour of an explicit consideration of a liquidity premium when using mark-to-model methodologies to value financial assets. For European corporate bonds, we show that the liquidity premium, calculated as the difference between the yield spread of corporate bonds and the spread of credit default swaps, grew significantly during the recent market turmoil not only in absolute terms but also in relative terms. Although liquidity premiums were far from stable during the time frame of analysis-from 1 January 2005 to 31 December 2009 - on average roughly 40% of corporate yield spreads can be interpreted in terms of liquidity premia. We propose direct matching between the CDS and the underlying reference assets when computing liquidity premia. This differs from what seems to be the industry standard, which is simply to use indices when trying to infer market implied liquidity premia. Although computationally more demanding, the method we use is sounder from a theoretical point of view and produces richer results and analysis. With this method we are able present an analysis of liquidity risk premia per sector of activity

Abelian-Projected Effective Gauge Theory of QCD with Asymptotic Freedom and Quark Confinement

We give an outline of a recent proof that the low-energy effective gauge theory exhibiting quark confinement due to magnetic monopole condensation can be derived from QCD without any specific assumption. We emphasize that the low-energy effective abelian gauge theories obtained here give the dual description of the same physics in the low-energy region. They show that the QCD vacuum is nothing but the dual (type II) superconductor.Comment: 15 pages, Latex, no figures, Talk given at YKIS'97, Non-perturbative QCD, Kyot

Yang-Mills Theory as a Deformation of Topological Field Theory, Dimensional Reduction and Quark Confinement

We propose a reformulation of Yang-Mills theory as a perturbative deformation of a novel topological (quantum) field theory. We prove that this reformulation of the four-dimensional QCD leads to quark confinement in the sense of area law of the Wilson loop. First, Yang-Mills theory with a non-Abelian gauge group G is reformulated as a deformation of a novel topological field theory. Next, a special class of topological field theories is defined by both BRST and anti-BRST exact action corresponding to the maximal Abelian gauge leaving the maximal torus group H of G invariant. Then we find the topological field theory ($D>2$) has a hidden supersymmetry for a choice of maximal Abelian gauge. As a result, the D-dimensional topological field theory is equivalent to the (D-2)-dimensional coset G/H non-linear sigma model in the sense of Parisi and Sourlas dimensional reduction. After maximal Abelian gauge fixing, the topological property of magnetic monopole and anti-monopole of four-dimensional Yang-Mills theory is translated into that of instanton and anti-instanton in two-dimensional equivalent model. It is shown that the linear static potential in four-dimensions follows from the instanton--anti-instanton gas in the equivalent two-dimensional non-linear sigma model obtained from the four-dimensional topological field theory by dimensional reduction, while the remaining Coulomb potential comes from the perturbative part in four-dimensional Yang-Mills theory. The dimensional reduction opens a path for applying various exact methods developed in two-dimensional quantum field theory to study the non-perturbative problem in low-energy physics of four-dimensional quantum field theories.Comment: 58 pages, Latex, no figures, version accepted for publication in Phys. Rev. D (additions of Discussion, references and minor changes