Algebraic spiral solutions of 2d incompressible Euler

We consider self-similar solutions of the 2d incompressible Euler equations. We construct a class of solutions with vorticity forming algebraic spirals near the origin, in analogy to vortex sheets rolling up into algebraic spirals

Learning, endogenous indexation and disinflation in the New-Keynesian Model

This paper introduces adaptive learning and endogenous indexation in the New-Keynesian Phillips curve and studies disinflation under inflation targeting policies. The analysis is motivated by the disinflation performance of many inflation-targeting countries, in particular the gradual Chilean disinflation with temporary annual targets. At the start of the disinflation episode price-setting firms’ expect inflation to be highly persistent and opt for backward-looking indexation. As the central bank acts to bring inflation under control, price-setting firms revise their estimates of the degree of persistence. Such adaptive learning lowers the cost of disinflation. This reduction can be exploited by a gradual approach to disinflation. Firms that choose the rate for indexation also re-assess the likelihood that announced inflation targets determine steady-state inflation and adjust indexation of contracts accordingly. A strategy of announcing and pursuing short-term targets for inflation is found to influence the likelihood that firms switch from backward-looking indexation to the central bank’s targets. As firms abandon backward-looking indexation the costs of disinflation decline further. We show that an inflation targeting strategy that employs temporary targets can benefit from lower disinflation costs due to the reduction in backward-looking indexation

Light Baryon Spectroscopy using the CLAS Spectrometer at Jefferson Laboratory

Baryons are complex systems of confined quarks and gluons and exhibit the characteristic spectra of excited states. The systematics of the baryon excitation spectrum is important to our understanding of the effective degrees of freedom underlying nucleon matter. High-energy electrons and photons are a remarkably clean probe of hadronic matter, providing a microscope for examining the nucleon and the strong nuclear force. Current experimental efforts with the CLAS spectrometer at Jefferson Laboratory utilize highly-polarized frozen-spin targets in combination with polarized photon beams. The status of the recent double-polarization experiments and some preliminary results are discussed in this contribution.Comment: Contribution to the Proceedings of the XIV International Conference on Hadron Spectroscopy, 13-17 June 2011, Munich, German