The changing role of house price dynamics over the business cycle

In this paper, we attempt to analyse the relationship between house price developments and the business cycle. Employing a time-varying transition probability Markov switching framework, we provide empirical evidence that house price growth may prove a useful leading indicator for turning point detection. In focusing on three countries, the US, UK and Spain, we furthermore provide evidence that although potentially informative from an overall perspective in business cycle modelling, the signi.cance of signals contained in house prices may not be symmetric across the identi.ed high growth and low growth states. In addition, we suggest a possible range of values for house price de.ation which may trigger a recession the following period.Business cycles, leading indicators, housing, Markov switching.

Topological aspects in non-Abelian gauge theory

We discuss the BRST cohomology and exhibit a connection between the Hodge decomposition theorem and the topological properties of a two dimensional free non-Abelian gauge theory having no interaction with matter fields. The topological nature of this theory is encoded in the vanishing of the Laplacian operator when equations of motion are exploited. We obtain two sets of topological invariants with respect to BRST and co-BRST charges on the two dimensional manifold and show that the Lagrangian density of the theory can be expressed as the sum of terms that are BRST- and co-BRST invariants.Comment: (1+11) pages, LaTeX, no figure

An Alternative To The Horizontality Condition In Superfield Approach To BRST Symmetries

We provide an alternative to the gauge covariant horizontality condition which is responsible for the derivation of the nilpotent (anti-)BRST symmetry transformations for the gauge and (anti-)ghost fields of a (3 + 1)-dimensional (4D) interacting 1-form non-Abelian gauge theory in the framework of the usual superfield approach to Becchi-Rouet-Stora-Tyutin (BRST) formalism. The above covariant horizontality condition is replaced by a gauge invariant restriction on the (4, 2)-dimensional supermanifold, parameterized by a set of four spacetime coordinates x^\mu (\mu = 0, 1, 2, 3) and a pair of Grassmannian variables \theta and \bar\theta. The latter condition enables us to derive the nilpotent (anti-)BRST symmetry transformations for all the fields of an interacting 4D 1-form non-Abelian gauge theory where there is an explicit coupling between the gauge field and the Dirac fields. The key differences and striking similarities between the above two conditions are pointed out clearly.Comment: LaTeX file, 20 pages, journal versio

Competition between Superconductivity and Charge Density Wave Ordering in the Lu5_5Ir4_4(Si1−x_{1-x}Gex_x)10_{10} Alloy System

We have performed bulk measurements such as dc magnetic susceptibility, electrical resistivity and heat capacity on the pseudo-ternary alloys Lu$_5$Ir$_4$(Si$_{1-x}$Ge$_x$)$_{10}$ to study the interplay and competition between superconductivity and the charge density wave (CDW) ordering transition. We track the evolution of the superconducting transition temperature T$_{SC}$ and the CDW ordering temperature T$_{CDW}$ as a function of x (concentration of Ge) ($0.0 \leq x\leq~1.0$). We find that increasing x (increasing disorder) suppresses the T$_{CDW}$ rapidly with the concomitant increase in T$_{SC}$. We present a temperature-concentration (or volume) phase diagram for this system and compare our results with earlier work on substitution at the Lu or Ir site to show how dilution at the Si site presents a different situation from these other works. The heat capacity data in the vicinity of the CDW transition has been analyzed using a model of critical fluctuations in addition to a mean-field contribution and a smooth lattice background. We find that the critical exponents change appreciably with increasing disorder. This analysis suggests that the strong-coupling and non mean-field like CDW transition in the parent compound Lu$_5$Ir$_4$Si$_{10}$ changes to a mean-field like transition with increasing Ge concentration.Comment: 14 pages and 8 figures. Accepted for publication in Phys. Rev.

Ultracold neutron depolarization in magnetic bottles

We analyze the depolarization of ultracold neutrons confined in a magnetic field configuration similar to those used in existing or proposed magneto-gravitational storage experiments aiming at a precise measurement of the neutron lifetime. We use an extension of the semi-classical Majorana approach as well as an approximate quantum mechanical analysis, both pioneered by Walstrom et al. [Nucl. Instr. Meth. Phys. Res. A 599, 82 (2009)]. In contrast with this previous work we do not restrict the analysis to purely vertical modes of neutron motion. The lateral motion is shown to cause the predominant depolarization loss in a magnetic storage trap. The system studied also allowed us to estimate the depolarization loss suffered by ultracold neutrons totally reflected on a non-magnetic mirror immersed in a magnetic field. This problem is of preeminent importance in polarized neutron decay studies such as the measurement of the asymmetry parameter A using ultracold neutrons, and it may limit the efficiency of ultracold neutron polarizers based on passage through a high magnetic field.Comment: 18 pages, 6 figure

Spin flip loss in magnetic storage of ultracold neutrons

We analyze the depolarization of ultracold neutrons confined in a magnetic field configuration similar to those used in existing or proposed magneto-gravitational storage experiments aiming at a precise measurement of the neutron lifetime. We use an approximate quantum mechanical analysis such as pioneered by Walstrom \emph{et al} [Nucl. Instrum. Methods Phys. Res. A 599, 82 (2009)]. Our analysis is not restricted to purely vertical modes of neutron motion. The lateral motion is shown to cause the predominant depolarization loss in a magnetic storage trap.Comment: 12 pages, 3 figures, for Proceedings of Neutron Lifetime Worksho

Abelian 2-form gauge theory: superfield formalism

We derive the off-shell nilpotent Becchi-Rouet-Stora-Tyutin (BRST) and anti-BRST symmetry transformations for {\it all} the fields of a free Abelian 2-form gauge theory by exploiting the geometrical superfield approach to BRST formalism. The above four (3 + 1)-dimensional (4D) theory is considered on a (4, 2)-dimensional supermanifold parameterized by the four even spacetime variables x^\mu (with \mu = 0, 1, 2, 3) and a pair of odd Grassmannian variables \theta and \bar\theta (with \theta^2 = \bar\theta^2 = 0, \theta \bar\theta + \bar\theta \theta = 0). One of the salient features of our present investigation is that the above nilpotent (anti-)BRST symmetry transformations turn out to be absolutely anticommuting due to the presence of a Curci-Ferrari (CF) type of restriction. The latter condition emerges due to the application of our present superfield formalism. The actual CF condition, as is well-known, is the hallmark of a 4D non-Abelian 1-form gauge theory. We demonstrate that our present 4D Abelian 2-form gauge theory imbibes some of the key signatures of the 4D non-Abelian 1-form gauge theory. We briefly comment on the generalization of our supperfield approach to the case of Abelian 3-form gauge theory in four (3 + 1)-dimensions of spacetime.Comment: LaTeX file, 23 pages, journal versio

Superfield Approach To Nilpotent Symmetries For QED From A Single Restriction: An Alternative To The Horizontality Condition

We derive together the exact local, covariant, continuous and off-shell nilpotent Becchi-Rouet-Stora-Tyutin (BRST) and anti-BRST symmetry transformations for the U(1) gauge field (A_\mu), the (anti-)ghost fields ((\bar C)C) and the Dirac fields (\psi, \bar\psi) of the Lagrangian density of a four (3 + 1)-dimensional QED by exploiting a single restriction on the six (4, 2)-dimensional supermanifold. A set of four even spacetime coordinates x^\mu (\mu = 0, 1, 2, 3) and two odd Grassmannian variables \theta and \bar\theta parametrize this six dimensional supermanifold. The new gauge invariant restriction on the above supermanifold owes its origin to the (super) covariant derivatives and their intimate relations with the (super) 2-form curvatures (\tilde F^{(2)})F^{(2)} constructed with the help of (super) 1-form gauge connections (\tilde A^{(1)})A^{(1)} and (super) exterior derivatives (\tilde d)d. The results obtained separately by exploiting (i) the horizontality condition, and (ii) one of its consistent extensions, are shown to be a simple consequence of this new single restriction on the above supermanifold. Thus, our present endeavour provides an alternative to (and, in some sense, generalization of) the horizontality condition of the usual superfield formalism applied to the derivation of BRST symmetries.Comment: LaTeX file, 15 pages, journal-versio

Calculation of geometric phases in electric dipole searches with trapped spin-1/2 particles based on direct solution of the Schr\"odinger equation

Pendlebury $\textit{et al.}$ [Phys. Rev. A $\textbf{70}$, 032102 (2004)] were the first to investigate the role of geometric phases in searches for an electric dipole moment (EDM) of elementary particles based on Ramsey-separated oscillatory field magnetic resonance with trapped ultracold neutrons and comagnetometer atoms. Their work was based on the Bloch equation and later work using the density matrix corroborated the results and extended the scope to describe the dynamics of spins in general fields and in bounded geometries. We solve the Schr\"odinger equation directly for cylindrical trap geometry and obtain a full description of EDM-relevant spin behavior in general fields, including the short-time transients and vertical spin oscillation in the entire range of particle velocities. We apply this method to general macroscopic fields and to the field of a microscopic magnetic dipole.Comment: 11 pages, 4 figure

Heat capacity and magnetoresistance in Dy(Co,Si)2 compounds

Magnetocaloric effect and magnetoresistance have been studied in Dy(Co1-xSix)2 [x=0, 0.075 and 0.15] compounds. Magnetocaloric effect has been calculated in terms of adiabatic temperatue change (Delta Tad) as well as isothermal magnetic entropy change (Delta SM) using the heat capacity data. The maximum values of DeltaSM and DeltaTad for DyCo2 are found to be 11.4 JKg-1K-1 and 5.4 K, respectively. Both DSM and DTad decrease with Si concentration, reaching a value of 5.4 JKg-1K-1 and 3 K, respectively for x=0.15. The maximum magnetoresistance is found to about 32% in DyCo2, which decreases with increase in Si. These variations are explained on the basis of itinerant electron metamagnetism occurring in these compounds.Comment: Total 8 pages of text and figure