Debt Policy and Economic Growth in a Small Open Economy Model with Productive Government Spending

In this paper, we examine the effects of introducing constraints on government borrowing using a continuous-time overlapping generations model of a small open economy. We consider government placing constraints on the amount of government bonds outstanding by establishing an upper limit, or target level, for the ratio of government bonds to gross domestic product. We first show that there exist multiple steady states in the model small open economy. One is a steady state with high growth, the other a steady state with low growth. We next examine how changes in the target level for bonds affect economic growth rates at the steady states. If the economy has a positive amount of asset holdings, we obtain the following results. When the government runs budget surpluses, an increase in the target level for government bonds reduces the growth rate of the low-growth economy, but raises the growth rate of the high-growth economy. However, when the government runs budget deficits, an increase in the target level for government bonds raises the growth rate of the low-growth economy, but reduces the growth rate of the high-growth economy. If the economy has a negative amount of asset holdings, the results are ambiguous

Deviation of Neutrino Mixing from Bi-maximal

We have studied how observables of the neutrino mixing matrix can link up with the ones in the quark sector. The deviation from the bi-maximal flavor mixing is parameterized using a 3 x 3 unitary matrix. The neutrino mixings are investigated supposing this unitary matrix to be hierarchical like the quark mixing matrix. We obtain the remarkable prediction |U_{e3}| >= 0.03 from the experimentally allowed range tan^2 theta_{sol} = 0.24 ~ 0.89. The CP violation in neutrino oscillations is expected to be very small.Comment: Some references are adde

Atmospheric neutrino flux from 3-dimensional simulation

The atmospheric muon and neutrino flux have been simulated using the same approach which successfully accounted for the recent secondary proton, electron and positron flux measurements in orbit by the AMS experiment. For the muon flux, a good agreement is obtained with the CAPRICE and HEAT data for altitudes ranging from sea level up to about 38 km. The general features of the calculated atmospheric neutrino flux are reported and discussed. The flux obtained at the Super-Kamiokande experiment location are reported and compared with other calculations. For low neutrino energies the flux obtained is significantly smaller than that used in the data analysis of underground experiment. The simulation results for the SOUDAN experiment site are also reported.Comment: 33 pages, 27 figures, 12 tables, final version for Phys. Rev.

Lepton Flavor Violation in Supersymmetric SO(10) Grand Unified Models

The study for lepton flavor violation combined with the neutrino oscillation may provide more information about the lepton flavor structure of the grand unified theory. In this paper, we study two lepton flavor violation processes, $\tau\to \mu\gamma$ and $Z\to \tau\mu$, in the context of supersymmetric SO(10) grand unified models. We find the two processes are both of phenomenological interest. In particular the latter may be important in some supersymmetric parameter space where the former is suppressed. Thus, Z-dacay may offer another chance for looking for lepton flavor violation.Comment: 26 pages, 10 figure

Simulation of Atmospheric Muon and Neutrino Fluxes with CORSIKA

The fluxes of atmospheric muons and neutrinos are calculated by a three dimensional Monte Carlo simulation with the air shower code CORSIKA using the hadronic interaction models DPMJET, VENUS, GHEISHA, and UrQMD. For the simulation of low energy primary particles the original CORSIKA has been extended by a parametrization of the solar modulation and a microscopic calculation of the directional dependence of the geomagnetic cut-off functions. An accurate description for the geography of the Earth has been included by a digital elevation model, tables for the local magnetic field in the atmosphere, and various atmospheric models for different geographic latitudes and annual seasons. CORSIKA is used to calculate atmospheric muon fluxes for different locations and the neutrino fluxes for Kamioka. The results of CORSIKA for the muon fluxes are verified by an extensive comparison with recent measurements. The obtained neutrino fluxes are compared with other calculations and the influence of the hadronic interaction model, the geomagnetic cut-off and the local magnetic field on the neutrino fluxes is investigated.Comment: revtex, 19 pages, 19 Postscript figures, submitted to Phys. Rev.

Constraints on neutrino oscillation parameters from the measurement of day-night solar neutrino fluxes at Super-Kamiokande

A search for day-night variations in the solar neutrino flux resulting from neutrino oscillations has been carried out using the 504 day sample of solar neutrino data obtained at Super-Kamiokande. The absence of a significant day-night variation has set an absolute flux independent exclusion region in the two neutrino oscillation parameter space.Comment: 11 pages, 3 figures, submitted to PRL, single-spacin