Stellar feedback by radiation pressure and photoionization

The relative impact of radiation pressure and photoionization feedback from young stars on surrounding gas is studied with hydrodynamic radiative transfer (RT) simulations. The calculations focus on the single-scattering (direct radiation pressure) and optically thick regime, and adopt a moment-based RT-method implemented in the moving-mesh code AREPO. The source luminosity, gas density profile and initial temperature are varied. At typical temperatures and densities of molecular clouds, radiation pressure drives velocities of order ~20 km/s over 1-5 Myr; enough to unbind the smaller clouds. However, these estimates ignore the effects of photoionization that naturally occur concurrently. When radiation pressure and photoionization act together, the latter is substantially more efficient, inducing velocities comparable to the sound speed of the hot ionized medium (10-15 km/s) on timescales far shorter than required for accumulating similar momentum with radiation pressure. This mismatch allows photoionization to dominate the feedback as the heating and expansion of gas lowers the central densities, further diminishing the impact of radiation pressure. Our results indicate that a proper treatment of the impact of young stars on the interstellar medium needs to primarily account for their ionization power whereas direct radiation pressure appears to be a secondary effect. This conclusion may change if extreme boosts of the radiation pressure by photon trapping are assumed.Comment: 18 pages, 19 figures (main results presented in 13 pages, 10 figures; extended appendix for RT tests with extra 9 figures). Accepted for publication in MNRAS after tiny change

Microentrepreneurship and the business cycle: is self-employment a desired outcome?

Should a central bank accommodate energy price shocks? Should the central bank use core inflation or headline inflation with the volatile energy component in its Taylor rule? To answer these questions, we build a dynamic stochastic general equilibrium model with energy use, durable goods, and nominal rigidities to study the effects of an energy price shock and its impact on the macroeconomy when the central bank follows a Taylor rule. We then study how the economy performs under alternative parameterizations of the rule with different weights on headline and core inflation after an increase in the energy price. Our simulation results indicate that a central bank using core inflation in its Taylor rule does better than one using headline inflation because the output drop is less severe. In general, we show that the lower the weight on energy price inflation in the Taylor rule, the impact of an energy price increase on gross domestic product and inflation is also lower.

K -> pion Semileptonic Form Factors from Two-Flavor Lattice QCD

We present new lattice results of the K -> pion semileptonic form factors obtained from simulations with two flavors of dynamical twisted-mass fermions, using pion masses as light as 260 MeV. Our main result is f+(0) = 0.9560 (84), which, combined with the latest experimental data for Kl3 decays, leads to |V_{us}| = 0.2267 (5)_exp (20)_f+(0). Using the PDG(2008) determinations of |Vud| and |Vub| our result implies for the unitarity relation |Vud|**2 + |Vus|**2 + |Vub|**2 = 1.0004 (15). For the O(p**6) term of the chiral expansion of f+(0) we get Df = f+(0) - 1 - f2 = -0.0214 (84).Comment: 4 pages, 4 figures, 1 table, revte

Multiphysics Finite\u2013Element Modelling of an All\u2013Vanadium Redox Flow Battery for Stationary Energy Storage

All-Vanadium Redox Flow Batteries (VRFBs) are emerging as a novel technology for stationary energy storage. Numerical models are useful for exploring the potential performance of such devices, optimizing the structure and operating condition of cell stacks, and studying its interfacing to the electrical grid. A one-dimensional steady-state multiphysics model of a single VRFB, including mass, charge and momentum transport and conservation, and coupled to a kinetic model for electrochemical reactions, is first presented. This model is then extended, including reservoir equations, in order to simulate the VRFB charge and discharge dynamics. These multiphysics models are discretized by the finite element method in a commercial software package (COMSOL). Numerical results of both static and dynamic 1D models are compared to those from 2D models, with the same parameters, showing good agreement. This motivates the use of reduced models for a more efficient system simulation

Investor Behavior in the Mutual Fund Industry: Evidence from Gross Flows

Using a large sample of monthly gross flows from 1997 to 2003, we uncover several previously undocumented regularities in investor behavior. First, investor purchases and sales produce fund-level gross flows that are highly persistent. Persistence in fund flows dominates performance as a predictor of future fund flows. More importantly, failing to account for flow persistence leads to incorrect inferences with respect to the relation between performance and flows. Second, we document that investors react differently to performance depending on the type of fund, and that investor trading activity produces meaningful differences in the persistence of fund flows across mutual fund types. Third, at least some investors appear to evaluate and respond to mutual fund performance over much shorter time spans than previously assessed. Additionally, we document differences in the speed and magnitude of investors’ purchase and sales responses to performance

Investors Do Respond to Poor Mutual Fund Performance: Evidence from Inflows and Outflows

Abstract We examine the relation between mutual fund performance and gross flows for a large sample of actively managed U.S. mutual funds. Unlike previous studies that have only examined periods of generally increasing net flows, our sample includes periods of both increasing and decreasing net flows. We find that outflows are related to performance, with investors withdrawing money from poor performers. We also find that outflows and inflows respond asymmetrically to performance, outflows increase more aggressively following poor performance, and inflows increase more aggressively following good performance. Additionally, we find a symmetric performance net flow relation

Sub-eV scalar dark matter through the super-renormalizable Higgs portal

The Higgs portal of the Standard Model provides the opportunity for coupling to a very light scalar field $\phi$ via the super-renormalizable operator $\phi(H^\dagger H)$. This allows for the existence of a very light scalar dark matter that has coherent interaction with the Standard Model particles and yet has its mass protected against radiative corrections. We analyze ensuing constraints from the fifth-force measurements, along with the cosmological requirements. We find that the detectable level of the fifth-force can be achieved in models with low inflationary scales, and certain amount of fine-tuning in the initial deviation of $\phi$ from its minimum.Comment: 6 pages, 3 figures. References added in the revised version