The relative dynamics of investment and the current account in the G-7 economies

This paper contributes to the empirics of the intertemporal approach to the current account. We use a cointegrated VAR framework to identify permanent and transitory components of country-specific and global shocks. Our approach allows us to empirically investigate the sensitivity to persistence implied by many forward-looking models and our results shed new light on the excess volatility of investment encountered by Glick and Rogoff (JME 1995). In G7 data, we find the relative current-account and investment response to be in line with the intertemporal approach

q-Deformed Relativistic Wave Equations

Based on the representation theory of the $q$-deformed Lorentz and Poincar\'e symmeties $q$-deformed relativistic wave equation are constructed. The most important cases of the Dirac-, Proca-, Rarita-Schwinger- and Maxwell- equations are treated explicitly. The $q$-deformed wave operators look structurally like the undeformed ones but they consist of the generators of a non-commu\-ta\-tive Minkowski space. The existence of the $q$-deformed wave equations together with previous existence of the $q$-deformed wave equations together with previous results on the representation theory of the $q$-deformed Poincar\'e symmetry solve the $q$-deformed relativistic one particle problem.Comment: 17 Page

Components of Gr\"obner strata in the Hilbert scheme of points

We fix the lexicographic order $\prec$ on the polynomial ring $S=k[x_{1},...,x_{n}]$ over a ring $k$. We define \Hi^{\prec\Delta}_{S/k}, the moduli space of reduced Gr\"obner bases with a given finite standard set $\Delta$, and its open subscheme \Hi^{\prec\Delta,\et}_{S/k}, the moduli space of families of #\Delta points whose attached ideal has the standard set $\Delta$. We determine the number of irreducible and connected components of the latter scheme; we show that it is equidimensional over ${\rm Spec}\,k$; and we determine its relative dimension over ${\rm Spec} k$. We show that analogous statements do not hold for the scheme \Hi^{\prec\Delta}_{S/k}. Our results prove a version of a conjecture by Bernd Sturmfels.Comment: 49 page