Longer-term effects of monetary growth on real and nominal variables, major industrial countries, 1880-2001

Abstract: We study how fluctuations in money growth correlate with fluctuations in real and nominal output growth and inflation. We pick cycles from each time series that last 2 to 8 (business cycles) and 8 to 40 (longer-term cycles) years, using band-pass filters. We employ a data set from 1880 to 2001 for eleven countries, without gaps. Fluctuations in money growth do not play a systematic and important role at the business cycle frequency. However, money growth leads or contemporaneously affects nominal output growth and inflation in the longer run. This result holds despite differences in policies and institutions across countries. JEL Classification: E32 to 8 year cycles, 8 to 40 year cycles, Band-pass filters

Twisted-light-induced optical transitions in semiconductors: Free-carrier quantum kinetics

We theoretically investigate the interband transitions and quantum kinetics induced by light carrying orbital angular momentum, or twisted light, in bulk semiconductors. We pose the problem in terms of the Heisenberg equations of motion of the electron populations, and inter- and intra-band coherences. Our theory extends the free-carrier Semiconductor Bloch Equations to the case of photo-excitation by twisted light. The theory is formulated using cylindrical coordinates, which are better suited to describe the interaction with twisted light than the usual cartesian coordinates used to study regular optical excitation. We solve the equations of motion in the low excitation regime, and obtain analytical expressions for the coherences and populations; with these, we calculate the orbital angular momentum transferred from the light to the electrons and the paramagnetic and diamagnetic electric current densities.Comment: 11 pages, 3 figure

Improved chlorate candle provides concentrated oxygen source

Improved chlorate candle is used as a solid, portable source of oxygen in emergency situations. It contains sodium chlorate, iron, barium peroxide, and glass mixed in powdered form. The oxygen evolves from the decomposition of the sodium chlorate when an ignition pellet is electrically initiated

Pseudospin dynamics in multimode polaritonic Josephson junctions

We analyzed multimode Josephson junctions with exciton-polaritons (polaritonic Josephson junctions) when several coupling mechanisms of fundamental and excited states are present. The applied method is based on Keldysh-Green function formalism and takes into account polariton pseudospin. We found that mean value of circular polarization degree in intrinsic Josephson oscillations and microscopic quantum self-trapping follow an oscillator behavior whose renormalizes due to intermode interactions. The effect of an additional transfer of particles over junction barrier occurring in multimode approximation in combination with common Josephson tunneling is discussed in regime of dynamical separation of two polarizations.Comment: 12 pages, 4 figure

Channel Blockade in a Two-Path Triple-Quantum-Dot System

Electronic transport through a two-path triple-quantum-dot system with two source leads and one drain is studied. By separating the conductance of the two double dot paths, we are able to observe double dot and triple dot physics in transport and study the interaction between the paths. We observe channel blockade as a result of inter-channel Coulomb interaction. The experimental results are understood with the help of a theoretical model which calculates the parameters of the system, the stability regions of each state and the full dynamical transport in the triple dot resonances.Comment: 6 pages, 6 figure

Competition between Kondo screening and quantum Hall edge reconstruction

We report on a Kondo correlated quantum dot connected to two-dimensional leads where we demonstrate the renormalization of the g-factor in the pure Zeeman case i.e, for magnetic fields parallel to the plane of the quantum dot. For the same system we study the influence of orbital effects by investigating the quantum Hall regime i.e. a perpendicular magnetic field is applied. In this case an unusual behaviour of the suppression of the Kondo effect and of the split zero-bias anomaly is observed. The splitting decreases with magnetic field and shows discontinuous changes which are attributed to the intricate interplay between Kondo screening and the quantum Hall edge structure originating from electrostatic screening. This edge structure made up of compressible and incompressible stripes strongly affects the Kondo temperature of the quantum dot and thereby influences the renormalized g-factor

Structural breaks, cointegration and the Fisher effect

There is scant empirical support in the literature for the Fisher effect in the long run, though it is often assumed in theoretical models. We argue that a break in the cointegrating relation introduces a spurious unit root that leads to a rejection of cointegration. We applied new break tests and tested for nonlinearity in the cointegrating relation with post-war data for 15 countries. Our empirical results support cointegration, after accounting for breaks, and a linear Fisher relation in the long run. This is in contrast to several recent studies that found no support for linear cointegration. JEL Classification: E43, C32Fisher effect, linear and nonlinear cointegration, Structural change

YET ANOTHER UNUSUAL NEW TYPE OF LACEWING LARVA PRESERVED IN 100-MILLION-YEAR OLD AMBER FROM MYANMAR

Lacewing larvae are mostly predatory, highly mobile larval forms of Insecta. The modern fauna yields several morphotypes of lacewing larvae, each closely associated with a distinct evolutionary lineage within the group of lacewings, Neuroptera. Back in the Cretaceous, about 100 million years ago, many of these larval forms had already evolved. Additionally, many larval forms seem to have been present that are now extinct. We report here a new form, which appears to be extinct now. This new larva has a prominent forward projecting labrum like larval forms of Nevrorthidae and Psychopsidae. It furthermore has (again similar to the latter two) curved venom-injecting stylets formed by mandibles and maxillae. We used quantitative outline analysis to compare the new larva to those of Nevrorthidae and Psychopsidae. The results of this analysis demonstrate that the new larva differs in all aspects of head capsule shape from all known larvae of Nevrorthidae. Its head shape is more similar to that of many larvae of Psychopsidae, yet also here the new larva differs recognisably in one principal component. Also qualitative differences clearly differentiate the new larva from already known ones. Hence, the new larva represents a new, so far unknown morphotype of lacewing larva. This finding adds to the growing 'zoo' of unusual lacewing larvae back in the Cretaceous, indicating that form diversity and ecological diversity of lacewings were much higher 100 million years ago

Noise enhancement due to quantum coherence in coupled quantum dots

We show that the intriguing observation of noise enhancement in the charge transport through two vertically coupled quantum dots can be explained by the interplay of quantum coherence and strong Coulomb blockade. We demonstrate that this novel mechanism for super-Poissonian charge transfer is very sensitive to decoherence caused by electron-phonon scattering as inferred from the measured temperature dependence.Comment: 4 pages, 3 figures, corrected version (Figs.2 and 3

Electron-Electron Bremsstrahlung Emission and the Inference of Electron Flux Spectra in Solar Flares

Although both electron-ion and electron-electron bremsstrahlung contribute to the hard X-ray emission from solar flares, the latter is normally ignored. Such an omission is not justified at electron (and photon) energies above $\sim 300$ keV, and inclusion of the additional electron-electron bremsstrahlung in general makes the electron spectrum required to produce a given hard X-ray spectrum steeper at high energies. Unlike electron-ion bremsstrahlung, electron-electron bremsstrahlung cannot produce photons of all energies up to the maximum electron energy involved. The maximum possible photon energy depends on the angle between the direction of the emitting electron and the emitted photon, and this suggests a diagnostic for an upper cutoff energy and/or for the degree of beaming of the accelerated electrons. We analyze the large event of January 17, 2005 observed by RHESSI and show that the upward break around 400 keV in the observed hard X-ray spectrum is naturally accounted for by the inclusion of electron-electron bremsstrahlung. Indeed, the mean source electron spectrum recovered through a regularized inversion of the hard X-ray spectrum, using a cross-section that includes both electron-ion and electron-electron terms, has a relatively constant spectral index $\delta$ over the range from electron kinetic energy $E = 200$ keV to $E = 1$ MeV. However, the level of detail discernible in the recovered electron spectrum is not sufficient to determine whether or not any upper cutoff energy exists.Comment: 7 pages, 5 figures, submitted to Astrophysical Journa