23,246 research outputs found
Money and Long-run Growth
This paper revisits the relationship between money and long-run growth when liquidity demand at the �rm level is explicitly modelled. Through a set of sensitivity analyses, I �nd that this relationship could be positive, negative, or display a hump shape depending on the size of average liquidity demand and the level of �nancial development. These results explain
why existing empirical studies report mixed �ndings on the relationship
Money and Long-run Growth
This paper revisits the relationship between money and long-run growth when liquidity demand at the �rm level is explicitly modelled. Through a set of sensitivity analyses, I �nd that this relationship could be positive, negative, or display a hump shape depending on the size of average liquidity demand and the level of �nancial development. These results explain why existing empirical studies report mixed �ndings on the relationship.Liquidity Demand, Endogenous Growth, Monetary Supply
-symmetry and background independence of noncommutative gauge theory on
Background independence of noncommutative Yang-Mills theory on
is discussed. The quantity is found to be
background dependent at subleading order, and it becomes background independent
only when the ordinary gauge field strength is constant. It is shown that,
at small values of , the noncommutative Dirac-Born-Infeld action possesses
-symmetry at least to subleading order in if damps fast
enough at infinity.Comment: 16 pages, LaTeX2e, minor revisions (version published in JHEP
Realization of D4-Branes at Angles in Super Yang-Mills Theory
An explicit solution in super Yang-Mills theory, which after T-duality
describes two sets of D4-branes at angles, is constructed. The gauge
configuration possesses 3/16 unbroken supersymmetry for the equal magnitudes of
field strengths, and can be considered as the counterpart of the solution of
D=11 supergravity with the same amount of supersymmetry in the solutions given
by Gauntlett et al. The energy of the Born-Infeld action of the gauge
configuration gives further evidence for the geometrical interpretation as two
sets of D4-branes at angles. The energy of super Yang-Mills theory is shown to
coincide with that of M(atrix) theory. This fact shows that the configuration
with 3/16 supersymmetry can be realized in M(atrix) theory, which describes two
sets of longitudinal M5-branes (with common string direction) at angles.Comment: 13 pages, Latex, discussion of matrix model energy is modified and
references adde
Thermalization of Poincar\'{e} Vacuum State and Fermion Emission from AdS_3 Black Holes in Bulk-Boundary Correspondence
The greybody factors for spin 1/2 particles in the BTZ black holes are
discussed from 2D CFT in bulk-boundary correspondence. It is found that the
initial state of spin 1/2 particle in the BTZ black holes can be described by
the Poincar\'{e} vacuum state in boundary 2D CFT, and the nonlinear coordinate
transformation causes the thermalization of the Poincar\'{e} vacuum state. For
special case, our results for the greybody factors agree with the semiclassical
calculation.Comment: 14 pages, Latex, discussions adde
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