We consider the parabolic Anderson model (PAM) which is given by the equation
∂u/∂t=κΔu+ξu with u:Zd×[0,∞)→R, where κ∈[0,∞) is the diffusion constant,
Δ is the discrete Laplacian, and ξ:Zd×[0,∞)→R
is a space-time random environment that drives the equation. The solution of
this equation describes the evolution of a "reactant" u under the influence
of a "catalyst" ξ. In the present paper we focus on the case where ξ is
a system of n independent simple random walks each with step rate 2dρ
and starting from the origin. We study the \emph{annealed} Lyapunov exponents,
i.e., the exponential growth rates of the successive moments of u w.r.t.\
ξ and show that these exponents, as a function of the diffusion constant
κ and the rate constant ρ, behave differently depending on the
dimension d. In particular, we give a description of the intermittent
behavior of the system in terms of the annealed Lyapunov exponents, depicting
how the total mass of u concentrates as t→∞. Our results are both a
generalization and an extension of the work of G\"artner and Heydenreich 2006,
where only the case n=1 was investigated.Comment: In honour of J\"urgen G\"artner on the occasion of his 60th birthday,
25 pages. Updated version following the referee's comment