32,111 research outputs found

    Foreign Investment Controls: Policy and Response

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    Power Laws are Logarithmic Boltzmann Laws

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    Multiplicative random processes in (not necessaryly equilibrium or steady state) stochastic systems with many degrees of freedom lead to Boltzmann distributions when the dynamics is expressed in terms of the logarithm of the normalized elementary variables. In terms of the original variables this gives a power-law distribution. This mechanism implies certain relations between the constraints of the system, the power of the distribution and the dispersion law of the fluctuations. These predictions are validated by Monte Carlo simulations and experimental data. We speculate that stochastic multiplicative dynamics might be the natural origin for the emergence of criticality and scale hierarchies without fine-tuning.Comment: latex, 9 pages with 3 figure

    Spontaneous Scaling Emergence in Generic Stochastic Systems

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    We extend a generic class of systems which have previously been shown to spontaneously develop scaling (power law) distributions of their elementary degrees of freedom. While the previous systems were linear and exploded exponentially for certain parameter ranges, the new systems fulfill nonlinear time evolution equations similar to the ones encountered in Spontaneous Symmetry Breaking (SSB) dynamics and evolve spontaneously towards "fixed trajectories" indexed by the average value of their degrees of freedom (which corresponds to the SSB order parameter). The "fixed trajectories" dynamics evolves on the edge between explosion and collapse/extinction. The systems present power laws with exponents which in a wide range (α<−2.\alpha < -2.) are universally determined by the ratio between the minimal and the average values of the degrees of freedom. The time fluctuations are governed by Levy distributions of corresponding power. For exponents α>−2\alpha > -2 there is no "thermodynamic limit" and the fluctuations are dominated by a few, largest degrees of freedom which leads to macroscopic fluctuations, chaos and bursts/intermitency.Comment: latex, 11 page

    Unresolved issues in monetary policy

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    Solomon held the office of president during a period of notably successful anti-inflationary monetary policy as well as rapid financial innovation and deregulation. In this speech, he discusses monetary strategy — in particular the targeting of monetary aggregates, interest rates, and nominal GNP — in light of trends in inflation and the uncertainties introduced by changing financial markets.Monetary policy ; Money supply ; Federal Reserve System - History ; Gross national product

    Efficient collinear third-harmonic generation in a single two-dimensional nonlinear photonic crystal

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    We propose novel multi-phase-matched process that starts with generation of a pair of symmetric second-harmonic waves. Each of them interacts again with the fundamental wave to produce two constructively interfering third harmonic waves collinear to the fundamental input wave.Comment: Summary of presentation at the IQEC/LAT-2002 conferenc

    A new look at the problem of gauge invariance in quantum field theory

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    Quantum field theory is assumed to be gauge invariant. However it is well known that when certain quantities are calculated using perturbation theory the results are not gauge invariant. The non-gauge invariant terms have to be removed in order to obtain a physically correct result. In this paper we will examine this problem and determine why a theory that is supposed to be gauge invariant produces non-gauge invariant results.Comment: Accepted by Physica Scripta. 27 page
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