Assessing the Triple Deficit Hypothesis for Major South Asian Countries: A Panel Data Analysis

The paper examines the ‘triple deficit hypothesis'-an extension of the ‘twin deficit hypothesis' with inclusion of private saving gap for a panel of five South Asian countries, namely India, Pakistan, Bangladesh, Srilanka and Nepal for the period 1985-2015. The results based on first and second generation panel cointegration tests indicate long-run relationship among budget balance (BB), current account balance (CAB) and private saving gap. The long-run coefficients obtained using MG-DOLS, MG-FMOLS and CCEMG indicate positive impact of BB and private saving gap on CAB thus confirming triple deficit hypothesis. The causality analysis reveals feedback relationship between CAB and BB implying that improvement in CAB requires fiscal austerity but fiscal adjustment is not fully policy controlled and requires adjustment in current account. Further, the causation also runs from saving gap to CAB and BB implying that plugging the saving gap would help improve both current account and budget balance. Keywords:  Triple Deficit Hypothesis, South Asia, Panel Cointegration, Panel Causality, GM-DOLS, GM- FMOLS, CCEMG Estimator JEL Classifications: E60, F32, H6

Effect of FCNC mediated Z boson on lepton flavor violating decays

We study the three body lepton flavor violating (LFV) decays $\mu^- \to e^- e^+ e^-$, $\tau^- \to l_i^- l_j^+ l_j^-$ and the semileptonic decay $\tau \to \mu \phi$ in the flavor changing neutral current (FCNC) mediated $Z$ boson model. We also calculate the branching ratios for LFV leptonic B decays, $B_{d,s} \to \mu e$, $B_{d,s} \to \tau e$, $B_{d,s} \to \tau \mu$ and the conversion of muon to electron in Ti nucleus. The new physics parameter space is constrained by using the experimental limits on $\mu^- \to e^- e^+ e^-$ and $\tau^- \to \mu^- \mu^+ \mu^-$. We find that the branching ratios for $\tau \to eee$ and $\tau \to \mu \phi$ processes could be as large as $\sim {\cal O}(10^{-8})$ and ${\rm Br}B_{d,s} \to \tau \mu, \tau e) \sim {\cal O}(10^{-10})$. For other LFV B decays the branching ratios are found to be too small to be observed in the near future.Comment: 15 pages, 8 figures, typos corrected, one more section added, version to appear in EPJ

Signature of new physics in B -> phi pi decay

We investigate the effect of an extra fourth quark generation and FCNC mediated $Z$ and $Z'$ bosons on the rare decay mode $B^- \to \phi \pi^-$. In the standard model, this mode receives only $b \to d$ penguin contributions and therefore, highly suppressed with branching ratio $\sim 5 \times 10^{-9}$. This in turn makes this mode a very sensitive probe for new physics. We find that due to the above mentioned new physics contributions there is a significant enhancement in its branching ratio. Furthermore, the direct CP violation parameter which is identically zero in the SM is found to be quite significant. If this mode will be observed in the upcoming LHCb experiment, it will not only provide a clear signal of new physics but also can be used to constrain the new physics parameter space.Comment: 13 pages, 3 figures, version to appear in Phys. Lett.

Possibility of extracting the weak phase γ\gamma from Λb→ΛD0\Lambda_b \to \Lambda D^0 decays

We explore the possibility of extracting the weak phase $\gamma$ from pure tree decays $\Lambda_b \to \Lambda (D^0, \bar{D^0}, D^0_{CP})$ in a model independent way. The CP violating weak phase $\gamma$ can be determined cleanly, without any hadronic uncertainties, as these decay modes are free from the penguin pollutions. Furthermore, neither tagging nor time dependent studies are required to extract the angle $\gamma$ with these modes.Comment: 12 pages, LaTex, Minor changes in the text, version to appear in Phys. Rev.

Probing the unparticle signal in b→db \to d penguin processes

We investigate the effect of unparticles in the pure $b \to d$ penguin processes $B^0 \to K^0 \bar K^0$ and $B^{+,0} \to \phi \pi^{+,0}$. Since these processes receive dominant contributions due to the {\it top} quark in the loop, direct and mixing-induced CP asymmetry parameters in these processes are expected to be vanishingly small in the standard model. We find that due to the unparticle effect sizable nonzero CP violation could be possible in these channels.Comment: 12 pages, 4 figures, version to appear in Phys. Lett.

Exploring the Unitarity Triangle through CP violation observables in Bs→K+K−B_s \to K^+ K^-

We discuss the determination of the CKM parameters from the forthcoming $CP$ violation observables in $B_s \to K^+ K^-$ decays. Combining the information on mixing induced CP violation in $B_s \to K^+ K^-$, with the $B_d \to J/\psi K_s$ precision observable $\sin 2\beta$ and the $B^0_s$--$\bar{B^0_s}$ mixing phase $\phi_s$, we propose a determination of the unitarity triangle $(\bar\rho, \bar\eta)$. Computing the penguin parameters $(r, \theta)$ within QCD factorization yield precise determination of $(\bar\rho, \bar\eta)$, reflected by a weak dependence on the $\theta$ which is shown as a second order effect. The impact of the direct CP violation observable $C_{KK}$ on the penguin parameters are investigated and a lower bound on $C_{KK}$ is extracted. We also discuss the effect of the $B^0_s$--$\bar{B^0_s}$ new physics mixing phase on the penguin parameters $(r, \theta)$ and $S_{KK}$. Using the SU(3)-flavour symmetry argument and the current $B$-factories data provided by the $B_d \to \pi^+ \pi^-$ modes, we complement the $B_s \to K^+ K^-$ CP-violating observables in a variety of ways, in particular we find that $S_{KK}>0$. Finally we analyze systematically the SU(3)-symmetry breaking factor within QCD factorization.Comment: 22 pages, 6 figures, typos corrected, reference and some remarks adde

Study of f_0(980) and f_0(1500) from B_s \to f_0(980)\pi, f_0(1500)\pi Decays

In this paper, we analyze the scalar mesons $f_0(980)$ and $f_0(1500)$ from the decays $\bar B^0_s \to f_0(980)\pi^0, f_0(1500)\pi^0$ within Perturbative QCD approach. From the leading order calculations, we find that (a) in the allowed mixing angle ranges, the branching ratio of $\bar B^0_s\to f_0(980)\pi^0$ is about $(1.0\sim1.6)\times 10^{-7}$, which is smaller than that of $\bar B^0_s\to f_0(980)K^0$ (the difference is a few times even one order); (b) the decay $\bar B^0_s \to f_0(1500)\pi^0$ is better to distinguish between the lowest lying state or the first excited state for $f_0(1500)$, because the branching ratios for two scenarios have about one-order difference in most of the mixing angle ranges; and (c) the direct CP asymmetries of $\bar B^0_s \to f_0(1500)\pi^0$ for two scenarios also exists great difference. In scenario II, the variation range of the value ${\cal A} ^{dir}_{CP}(\bar B^0_s \to f_0(1500)\pi^0)$ according to the mixing angle is very small, except for the values corresponding to the mixing angles being near $90^\circ$ or $270^\circ$, while the variation range of ${\cal A} ^{dir}_{CP}(\bar B^0_s \to f_0(1500)\pi^0)$ in scenario I is very large. Compared with the future data for the decay $\bar B^0_s \to f_0(1500)\pi^0$, it is ease to determine the nature of the scalar meson $f_0(1500)$.Comment: 16 pages, 3 figures, Revte

Analysis of \Lambda_b \rar \Lambda \ell^+ \ell^- transition in SM4 using form factors from Full QCD

Using the responsible form factors calculated via full QCD, we analyze the $\Lambda_{b}\rightarrow \Lambda \ell^{+}\ell^{-}$ transition in the standard model containing fourth generation quarks (SM4). We discuss effects of the presence of $t'$ fourth family quark on related observables like branching ratio, forward-backward asymmetry, baryon polarization as well as double lepton polarization asymmetries. We also compare our results with those obtained in the SM as well as with predictions of the SM4 but using form factors calculated within heavy quark effective theory. The obtained results on branching ratio indicate that the $\Lambda_{b}\rightarrow \Lambda \ell^{+}\ell^{-}$ transition is more probable in full QCD comparing to the heavy quark effective theory. It is also shown that the results on all considered observables in SM4 deviate considerably from the SM predictions when $m_{t'}\geq 400 GeV$.Comment: 22 Pages and 21 Figure

B --> Phi K_S and Supersymmetry

The rare decay B --> Phi K_S is a well-known probe of physics beyond the Standard Model because it arises only through loop effects yet has the same time-dependent CP asymmetry as B --> Psi K_S. Motivated by recent data suggesting new physics in B --> Phi K_S, we look to supersymmetry for possible explanations, including contributions mediated by gluino loops and by Higgs bosons. Chirality-preserving LL and RR gluino contributions are generically small, unless gluinos and squarks masses are close to the current lower bounds. Higgs contributions are also too small to explain a large asymmetry if we impose the current upper limit on B(B_s --> mu mu). On the other hand, chirality-flipping LR and RL gluino contributions can provide sizable effects and while remaining consistent with related results in B --> Psi K_S, Delta M_s, B --> X_s gamma and other processes. We discuss how the LR and RL insertions can be distinguished using other observables, and we provide a string-based model and other estimates to show that the needed sizes of mass insertions are reasonable.Comment: 33 pages, 32 figures, Updated version for PRD. Includes discussions of other recent works on this topic. Added discussions & plots for gluino mass dependence and effects of theoretical uncertaintie