Forecasting Pre-World War I Inflation: The Fisher Effect Revisited

We consider the puzzling behavior of interest rates and inflation in the United States and the United Kingdom between 1879 and 1913. A deflationary regime prior to 1896 was followed by an inflationary one from 1896 until the beginning of World War I; the average inflation rate was 3.8 percentage points higher in the second period than in the first. Yet nominal interest rates were no higher after 1896 than they had been before. This nonadjustment of nominal interest rates would be consistent with rational expectations if inflation were not forecastable, and indeed univariate tests show little sign of serial correlation in inflation. However, inflation was forecastable on the basis of lagged gold production. Investors' expectations of inflation should have risen by at least three percentage points in the United States between 1890 and 1910. We consider in an information processing context alternative ways of accounting for this failure of interest rates to adjust, for example the possible beliefs that increases in gold production might be transitory. We conclude that the failure of investors to exhibit foresight with regard to the shift in the trend inflation rate after 1896 is not persuasive evidence that investors were negligent or naive in processing information.

Dynamic magnetic response of infinite arrays of ferromagnetic particles

Recently developed techniques to find the eigenmodes of a ferromagnetic particle of arbitrary shape, as well as the absorption in the presence of an inhomogeneous radio-frequency field, are extended to treat infinite lattices of such particles. The method is applied to analyze the results of recent FMR experiments, and yields substantially good agreement between theory and experiment

Long-range Casimir interactions between impurities in nematic liquid crystals and the collapse of polymer chains in such solvents

The elastic interactions between objects embedded in a nematic liquid crystal are usually caused by the average distorsion-rather than by the fluctuations-of the nematic orientational field. We argue that for sufficiently small particles, the nematic-mediated interaction originates purely from the fluctuations of the nematic director. This Casimir interaction decays as d^(-6), d being the distance between the particles, and it dominates van der Waals interactions close to the isotropic-to-nematic transition. Considering the nematic as a polymer solvent, we show that the onset of this Casimir interaction at the isotropic-to-nematic transition can discontinuously induce the collapse of a flexible polymer chain from the swollen state to the globular state, without crossing the Theta-point.Comment: 6 pages, 1 figur

Tuning electronic structures via epitaxial strain in Sr2IrO4 thin films

We have synthesized epitaxial Sr2IrO4 thin-films on various substrates and studied their electronic structures as a function of lattice-strains. Under tensile (compressive) strains, increased (decreased) Ir-O-Ir bond-angles are expected to result in increased (decreased) electronic bandwidths. However, we have observed that the two optical absorption peaks near 0.5 eV and 1.0 eV are shifted to higher (lower) energies under tensile (compressive) strains, indicating that the electronic-correlation energy is also affected by in-plane lattice-strains. The effective tuning of electronic structures under lattice-modification provides an important insight into the physics driven by the coexisting strong spin-orbit coupling and electronic correlation.Comment: 9 pages, 5 figures, 1 tabl

Controlled Magnetic Reversal in Permalloy Films Patterned into Artificial Quasicrystals

We have patterned novel Permalloy thin films with quasicrystalline Penrose P2 tilings and measured their dc magnetization and ferromagnetic resonance absorption. Reproducible anomalies in the hysteretic, low-field data signal a series of abrupt transitions between ordered magnetization textures, culminating in a smooth evolution into a saturated state. Micromagnetic simulations compare well to experimental dc hysteresis loops and ferromagnetic resonance spectra and indicate that systematic control of magnetic reversal and domain wall motion can be achieved via tiling design, offering a new paradigm of magnonic quasicrystals

On the complementarity of Hyper-K and LBNF

The next generation of long-baseline experiments is being designed to make a substantial step in the precision of measurements of neutrino-oscillation probabilities. Two qualitatively different proposals, Hyper-K and LBNF, are being considered for approval. This document outlines the complimentarity between Hyper-K and LBNF.Comment: 5 pager

Initial report from the ICFA Neutrino Panel

In July 2013 ICFA established the Neutrino Panel with the mandate "To promote international cooperation in the development of the accelerator-based neutrino-oscillation program and to promote international collaboration in the development a neutrino factory as a future intense source of neutrinos for particle physics experiments". This, the Panel's Initial Report, presents the conclusions drawn by the Panel from three regional "Town Meetings" that took place between November 2013 and February 2014. After a brief introduction and a short summary of the status of the knowledge of the oscillation parameters, the report summarises the approved programme and identifies opportunities for the development of the field. In its conclusions, the Panel recognises that to maximise the discovery potential of the accelerator-based neutrino-oscillation programme it will be essential to exploit the infrastructures that exist at CERN, FNAL and J-PARC and the expertise and resources that reside in laboratories and institutes around the world. Therefore, in its second year, the Panel will consult with the accelerator-based neutrino-oscillation community and its stakeholders to: develop a road-map for the future accelerator-based neutrino-oscillation programme that exploits the ambitions articulated at CERN, FNAL and J-PARC and includes the programme of measurement and test-beam exposure necessary to ensure the programme is able to realise its potential; develop a proposal for a coordinated "Neutrino RD" programme, the accelerator and detector R&D programme required to underpin the next generation of experiments; and to explore the opportunities for the international collaboration necessary to realise the Neutrino Factory.Comment: ICFA Neutrino Panel 2014(01