Demand Variability, Supply Shocks and the Output-Inflation Tradeoff

This paper examines the shift in the relation between the inflation rate and the rate of growth of real output which has occurred in the United States over the past three decades, and attempts to assess the relative importance of three possible lines of explanation: a) the new classical view of the output-inflation tradeoff, initially specified by Lucas;b) the effect of supply-side shocks, such as energy prices; c) the effect of inflation variability on the natural rate of real output, as hypothesized by Milton Friedman. The paper concludes that b) and c) seem to have played a significant role in the observed shift from a positive to a negative correlation between the rate of inflation and the rate of real output growth,but that a) did not.

Real Business Cycles and the Lucas Paradigm

When the Lucas paradigm is generalized to include real effects, the effects of real factors and monetary factors on the business cycle are always interrelated. Furthermore, in such models monetary factors can affect the long-run behavior or real output, contrary to the commonly held view that they can't. Real business cycle models and Lucas-type models are different paradigms not in the sense of real versus monetary, but in the interrelation- ships between real and monetary factors intrinsic to the Lucas paradigm as contrasted to the dichotomy between real and monetary factors implied by the real business cycle literature.

Rate of photosynthetic induction in fluctuating light varies widely among genotypes of wheat.

Crop photosynthesis and yield are limited by slow photosynthetic induction in sunflecks. We quantified variation in induction kinetics across diverse genotypes of wheat for the first time. Following a preliminary study that hinted at wide variation in induction kinetics across 58 genotypes, we grew 10 genotypes with contrasting responses in a controlled environment and quantified induction kinetics of carboxylation capacity (Vcmax) from dynamic A versus ci curves after a shift from low to high light (from 50 µmol m-2 s-1 to 1500 µmol m-2 s-1), in five flag leaves per genotype. Within-genotype median time for 95% induction (t95) of Vcmax varied 1.8-fold, from 5.2 min to 9.5 min. Our simulations suggest that non-instantaneous induction reduces daily net carbon gain by up to 15%, and that breeding to speed up Vcmax induction in the slowest of our 10 genotypes to match that in the fastest genotype could increase daily net carbon gain by up to 3.4%, particularly for leaves in mid-canopy positions (cumulative leaf area index ≤1.5 m2 m-2), those that experience predominantly short-duration sunflecks, and those with high photosynthetic capacities

Magnetic Fields in Dark Cloud Cores: Arecibo OH Zeeman Observations

We have carried out an extensive survey of magnetic field strengths toward dark cloud cores in order to test models of star formation: ambipolar-diffusion driven or turbulence driven. The survey involved $\sim500$ hours of observing with the Arecibo telescope in order to make sensitive OH Zeeman observations toward 34 dark cloud cores. Nine new probable detections were achieved at the 2.5-sigma level; the certainty of the detections varies from solid to marginal, so we discuss each probable detection separately. However, our analysis includes all the measurements and does not depend on whether each position has a detection or just a sensitive measurement. Rather, the analysis establishes mean (or median) values over the set of observed cores for relevant astrophysical quantities. The results are that the mass-to-flux ratio is supercritical by $\sim 2$, and that the ratio of turbulent to magnetic energies is also $\sim 2$. These results are compatible with both models of star formation. However, these OH Zeeman observations do establish for the first time on a statistically sound basis the energetic importance of magnetic fields in dark cloud cores at densities of order $10^{3-4}$ cm$^{-3}$, and they lay the foundation for further observations that could provide a more definitive test.Comment: 22 pages, 2 figures, 2 table

Magnetism and pairing of two-dimensional trapped fermions

The emergence of local phases in a trapped two-component Fermi gas in an optical lattice is studied using quantum Monte Carlo simulations. We treat temperatures that are comparable or lower than those presently achievable in experiments and large enough systems that both magnetic and paired phases can be detected by inspection of the behavior of suitable short-range correlations. We use the latter to suggest the interaction strength and temperature range at which experimental observation of incipient magnetism and d-wave pairing are more likely and evaluate the relation between entropy and temperature in two-dimensional confined fermionic systems.Comment: 4 pages + supplementary materia