14,011 research outputs found
The LISA Time-Delay Interferometry Zero-Signal Solution. I: Geometrical Properties
Time-Delay Interferometry (TDI) is the data processing technique needed for
generating interferometric combinations of data measured by the multiple
Doppler readouts available onboard the three LISA spacecraft. Within the space
of all possible interferometric combinations TDI can generate, we have derived
a specific combination that has zero-response to the gravitational wave signal,
and called it the {\it Zero-Signal Solution} (ZSS). This is a two-parameter
family of linear combinations of the generators of the TDI space, and its
response to a gravitational wave becomes null when these two parameters
coincide with the values of the angles of the source location in the sky.
Remarkably, the ZSS does not rely on any assumptions about the gravitational
waveform, and in fact it works for waveforms of any kind. Our approach is
analogous to the data analysis method introduced by G\"ursel & Tinto in the
context of networks of Earth-based, wide-band, interferometric gravitational
wave detectors observing in coincidence a gravitational wave burst. The ZSS
should be regarded as an application of the G\"ursel & Tinto method to the LISA
data.Comment: 29 pages, 17 Figure
Coherent exciton transport in semiconductors
We review the topic of Bose-Einstein condensation of excitons in
semiconductors, focusing on the signatures of the macroscopic order of the
exciton condensate.Comment: Some references were updated with respect to the published version.
appears as Chapter 19 in Novel Superfluids Volume 2, edited by K. H.
Bennemann and J. B. Ketterson, International Series of Monographs on Physics
no. 157, pages 423-474 (Oxford University Press, Oxford, 2014
On the soft limit of closed string amplitudes with massive states
We extend our analysis of the soft behaviour of string amplitudes with
massive insertions to closed strings at tree level (sphere). Relying on our
previous results for open strings on the disk and on KLT formulae we check
universality of the soft behaviour for gravitons to sub-leading order for
superstring amplitudes and show how this gets modified for bosonic strings. At
sub-sub-leading order we argue in favour of universality for superstrings on
the basis of OPE of the vertex operators and gauge invariance for the soft
graviton. The results are illustrated by explicit examples of 4-point
amplitudes with one massive insertion in any dimension, including D=4, where
use of the helicity spinor formalism drastically simplifies the expressions. As
a by-product of our analysis we confirm that the `single valued projection'
holds for massive amplitudes, too. We briefly comment on the soft behaviour of
the anti-symmetric tensor and on loop corrections.Comment: 18+7 pages; added some important references and corrected some typo
Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates
Despite its important role in monetary policy and finance, the expectations hypothesis (EH) of the term structure of interest rates has received virtually no empirical support. The empirical failure of the EH was attributed to a variety of econometric biases associated with the single-equation models used to test it; however, none account for it. This paper analyzes the EH by focusing on its fundamental tenet - the predictability of the short-term rate. This is done by comparing h-month ahead forecasts for the 1- and 3-month Treasury yields implied by the EH with the forecasts from random-walk, Diebold and Lei (2006), and Duffee (2002) models. The evidence suggests that the failure of the EH is likely a consequence of market participants’ inability to predict the short-term rate. JEL Classification: E40, E52expectations theory, random walk, time-varying risk premium
Predictions of short-term rates and the expectations hypothesis
Despite its role in monetary policy and finance, the expectations hypothesis (EH) of the term structure of interest rates has received virtually no empirical support. The empirical failure of the EH was attributed to a variety of econometric biases associated with the single-equation models most often used to test it, although no bias seems to account for the extent and magnitude of the failure. This paper analyzes the EH by focusing on the predictability of the short-term rate. This is done by comparing h-month ahead forecasts for the 1- and 3-month Treasury bill yields implied by the EH with the forecasts from random-walk, Diebold and Li’s (2006), and Duffee’s (2002) models. The evidence suggests that the failure of the EH is likely a consequence of market participants’ inability to adequately predict the short-term rate, in that none of these models out-performs a simple random walk model in recursive, real time experiments. Using standard methods that take into account the additional uncertainty caused by the need to estimate model parameters, the null hypothesis of equal predictive accuracy of each models relative to the random walk alternative is never rejected.Rational expectations (Economic theory) ; Interest rates
Thermoelectric properties of junctions between metal and strongly correlated semiconductor
We propose a junction of metal and rare-earth compound semiconductor as the
basis for a possible efficient low-temperature thermoelectric device. If an
overlayer of rare earth atoms differing from the bulk is placed at the
interface, very high values of the figure of merit ZT can be reached at low
temperature. This is due to sharp variation of the transmission coefficient of
carriers across the junction at a narrow energy range, which is intrinsically
linked to the localized character of the overlayer f-orbital.Comment: RevTeX 3.0, 4 pages, 3 postscript figures. To be published in Applied
Physics Letter
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