The Political-Economy of Argentina’s Debacle

In this paper I argue that political-economy considerations –and in particular the identity of the reformers- are central to understanding the Argentine crisis. During the 90´s the main political parties remained attached to populism, and no strong party emerged at the center of the political spectrum. This had two effects in the reform process. First, it severely deteriorated it (efficiency, corruption), reducing the support of the population. Second, when a series of shocks hit the economy the anti-reform camp tried to undo most reforms, and thus convey a message to the population about the “right” model of the world.http://deepblue.lib.umich.edu/bitstream/2027.42/39980/2/wp594.pd

The Political-Economy of Argentina’s Debacle

In this paper I argue that political-economy considerations –and in particular the identity of the reformers- are central to understanding the Argentine crisis. During the 90´s the main political parties remained attached to populism, and no strong party emerged at the center of the political spectrum. This had two effects in the reform process. First, it severely deteriorated it (efficiency, corruption), reducing the support of the population. Second, when a series of shocks hit the economy the anti-reform camp tried to undo most reforms, and thus convey a message to the population about the “right” model of the world.Argentina, Currency Crisis, Political Economy of Reform

Building Adaptive Basis Functions with a Continuous SOM

This paper introduces CSOM, a distributed version of the Self-Organizing Map network capable of generating maps similar to those created with the original algorithm. Due to the continuous nature of the mapping, CSOM outperforms the traditional SOM algorithm in function approximation tasks. System performance is illustrated with three examples

Prethermalization Production of Dark Matter

At the end of inflation, the inflaton field decays into an initially nonthermal population of relativistic particles which eventually thermalize. We consider the production of dark matter from this relativistic plasma, focusing on the prethermal phase. We find that for a production cross section $\sigma(E)\sim E^n$ with $n> 2$, the present dark matter abundance is produced during the prethermal phase of its progenitors. For $n\le 2$, entropy production during reheating makes the nonthermal contribution to the present dark matter abundance subdominant compared to that produced thermally. As specific examples, we verify that the nonthermal contribution is irrelevant for gravitino production in low scale supersymmetric models ($n=0$) and is dominant for gravitino production in high scale supersymmetry models ($n=6$).Comment: 12 pages, 4 figure

Geometric back-reaction in pre-inflation from relativistic quantum geometry

The pre-inflationary evolution of the universe describes the beginning of the expansion from a static initial state, such that the Hubble parameter is initially zero, but increases to an asymptotic constant value, in which it could achieve a de Sitter (inflationary) expansion. The expansion is driven by a background phantom field. The back-reaction effects at this moment should describe vacuum geometrical excitations, which are studied with detail in this work using Relativistic Quantum Geometry.Comment: improved versio