Housing cycles in the major euro area countries.

The recent burst of the house price bubble in the United States and its spillover effects on real economies worldwide has rekindled the interest in the role of housing in the business cycle. In this paper, we investigate the relationships between housing cycles among the four major euro area countries (Germany, France, Italy and Spain) over the sample 1980q1 – 2008q4. Our main findings are that GDP cycles between 1.5 and 8 years show a high degree of comovement across these four countries, reflecting trade linkages. In contrast comovements in housing market cycles between 1.5 and 8 years are much weaker, idiosyncratic factors playing a major role. House prices are even less related across countries than quantities (residential investment, building permits, housing starts …). We find however much stronger relationships since 1999, i.e. in the common monetary policy period.Housing cycles, synchronisation measures, euro area countries.

The topological classification of one-dimensional symmetric quantum walks

We give a topological classification of quantum walks on an infinite 1D lattice, which obey one of the discrete symmetry groups of the tenfold way, have a gap around some eigenvalues at symmetry protected points, and satisfy a mild locality condition. No translation invariance is assumed. The classification is parameterized by three indices, taking values in a group, which is either trivial, the group of integers, or the group of integers modulo 2, depending on the type of symmetry. The classification is complete in the sense that two walks have the same indices if and only if they can be connected by a norm continuous path along which all the mentioned properties remain valid. Of the three indices, two are related to the asymptotic behaviour far to the right and far to the left, respectively. These are also stable under compact perturbations. The third index is sensitive to those compact perturbations which cannot be contracted to a trivial one. The results apply to the Hamiltonian case as well. In this case all compact perturbations can be contracted, so the third index is not defined. Our classification extends the one known in the translation invariant case, where the asymptotic right and left indices add up to zero, and the third one vanishes, leaving effectively only one independent index. When two translationally invariant bulks with distinct indices are joined, the left and right asymptotic indices of the joined walk are thereby fixed, and there must be eigenvalues at $1$ or $-1$ (bulk-boundary correspondence). Their location is governed by the third index. We also discuss how the theory applies to finite lattices, with suitable homogeneity assumptions.Comment: 36 pages, 7 figure

Quasi-linear analysis of the extraordinary electron wave destabilized by runaway electrons

Runaway electrons with strongly anisotropic distributions present in post-disruption tokamak plasmas can destabilize the extraordinary electron (EXEL) wave. The present work investigates the dynamics of the quasi-linear evolution of the EXEL instability for a range of different plasma parameters using a model runaway distribution function valid for highly relativistic runaway electron beams produced primarily by the avalanche process. Simulations show a rapid pitch-angle scattering of the runaway electrons in the high energy tail on the $100-1000\;\rm \mu s$ time scale. Due to the wave-particle interaction, a modification to the synchrotron radiation spectrum emitted by the runaway electron population is foreseen, exposing a possible experimental detection method for such an interaction

Chandra HETGS Multi-Phase Spectroscopy of the Young Magnetic O Star theta^1 Orionis C

We report on four Chandra grating observations of the oblique magnetic rotator theta^1 Ori C (O5.5 V) covering a wide range of viewing angles with respect to the star's 1060 G dipole magnetic field. We employ line-width and centroid analyses to study the dynamics of the X-ray emitting plasma in the circumstellar environment, as well as line-ratio diagnostics to constrain the spatial location, and global spectral modeling to constrain the temperature distribution and abundances of the very hot plasma. We investigate these diagnostics as a function of viewing angle and analyze them in conjunction with new MHD simulations of the magnetically channeled wind shock mechanism on theta^1 Ori C. This model fits all the data surprisingly well, predicting the temperature, luminosity, and occultation of the X-ray emitting plasma with rotation phase.Comment: 52 pages, 14 figures (1 color), 6 tables. To appear in the Astrophysical Journal, 1 August 2005, v628, issue 2. New version corrects e-mail address, figure and table formatting problem

Discovery and quantitative spectral analysis of an Ofpe/WN9 (WN11) star in the Sculptor spiral galaxy NGC 300

We have discovered an Ofpe/WN9 (WN11 following Smith et al.) star in the Sculptor spiral galaxy NGC 300, the first object of this class found outside the Local Group, during a recent spectroscopic survey of blue supergiant stars obtained at the ESO VLT. The light curve over a five-month period in late 1999 displays a variability at the 0.1 mag level. The intermediate resolution spectra (3800-7200 A) show a very close resemblance to the Galactic LBV AG Car during minimum. We have performed a detailed non-LTE analysis of the stellar spectrum, and have derived a chemical abundance pattern which includes H, He, C, N, O, Al, Si and Fe, in addition to the stellar and wind parameters. The derived stellar properties and the He and N surface enrichments are consistent with those of other Local Group WN11 stars in the literature, suggesting a similar quiescent or post-LBV evolutionary status.Comment: 9 pages, 4 figures, 2 tables. Accepted for publication in the Astrophysical Journal Letter

Extended Magnetic Dome Induced by Low Pressures in Superconducting FeSe1-x_\mathrm{1\text{-}x}Sx_\mathrm{x}

We report muon spin rotation ($\mu$SR) and magnetization measurements under pressure on Fe$_{1+\delta}$Se$_\mathrm{1\text{-}x}$S$_\mathrm{x}$ with x $\approx 0.11$.Above $p\approx0.6$ GPa we find microscopic coexistence of superconductivity with an extended dome of long range magnetic order that spans a pressure range between previously reported separated magnetic phases. The magnetism initially competes on an atomic scale with the coexisting superconductivity leading to a local maximum and minimum of the superconducting $T_\mathrm{c}(p)$. The maximum of $T_\mathrm{c}$ corresponds to the onset of magnetism while the minimum coincides with the pressure of strongest competition. A shift of the maximum of $T_\mathrm{c}(p)$ for a series of single crystals with x up to 0.14 roughly extrapolates to a putative magnetic and superconducting state at ambient pressure for x $\geq0.2$.Comment: 10 pages, 6 figures, including supplemental materia

Electrostatic deflector studies using small prototypes

The search for electric dipole moments of particles in storage rings requires the development of dedicated deflector elements with electrostatic fields. In these rings, electric deflectors shall be used as bending elements for the charged particles. This paper presents studies on scaled-down prototypes, a few cm in size, to investigate different deflector materials at similar electric fields but much smaller distances than real size prototypes.Comment: 5 pages, 8 figure

Spectroscopic and photometric oscillatory envelope variability during the S Doradus outburst of the Luminous Blue Variable R71

To better understand the LBV phenomenon, we analyze multi-epoch and multi-wavelength spectra and photometry of R71. Pre-outburst spectra are analyzed with the radiative transfer code CMFGEN to determine the star's fundamental stellar parameters. During quiescence, R71 has an effective temperature of $T_\mathrm{{eff}} = 15\,500~K$ and a luminosity of log$(L_*/L_{\odot})$ = 5.78 and is thus a classical LBV, but at the lower luminosity end of this group. We determine its mass-loss rate to $4.0 \times 10^{-6}~M_{\odot}~$yr$^{-1}$. We present R71's spectral energy distribution from the near-ultraviolet to the mid-infrared during its present outburst. Mid-infrared observations suggest that we are witnessing dust formation and grain evolution. Semi-regular oscillatory variability in the star's light curve is observed during the current outburst. Absorption lines develop a second blue component on a timescale twice that length. The variability may consist of one (quasi-)periodic component with P ~ 425/850 d with additional variations superimposed. During its current S Doradus outburst, R71 occupies a region in the HR diagram at the high-luminosity extension of the Cepheid instability strip and exhibits similar irregular variations as RV Tau variables. LBVs do not pass the Cepheid instability strip because of core evolution, but they develop comparable cool, low-mass, extended atmospheres in which convective instabilities may occur. As in the case of RV Tau variables, the occurrence of double absorption lines with an apparent regular cycle may be due to shocks within the atmosphere and period doubling may explain the factor of two in the lengths of the photometric and spectroscopic cycles.Comment: 18 pages, 14 figures, submitted to A&