Related papers: Turkish Inflation, Private Debt & how to overcome …
We give a rough sketch of the Judaic, Greek, Islamic and Christian positions in the matter of interest prohibition during the last few millennia and discuss the way in which interest prohibition is dealt with in Islamic finance, the…
Using only general properties of the tachyon potential we show that inflation may be generic when many branes and anti-branes become coincident. Inflation may occur because of: (1) the assistance of the many diagonal tachyon fields; (2)…
This review is about the convenience, the benefits, as well as the destructive capacities of money. It deals with various aspects of money creation, with its value, and its appropriation. All sorts of money tend to get corrupted by…
At the outbreak of the recent inflation surge, the public's attention to inflation was low but increased quickly once inflation started to rise. In this paper, I quantify when and by how much the public's attention to inflation changes, and…
This note makes a self-contained exposition of the basic facts of big bang cosmology as they relate to inflation. The fundamental problems with that model are then explored. A quartic scalar potential model of inflation is evaluated which…
Economic hardships significantly affect public perception and voting intentions in general elections. The primary focus of my study is to capture the degree of influence that individual economic hardships have on their voting. I utilize the…
The discovery of the string theory landscape has recently brought attention to the eternal nature of inflation. In contrast to the common belief that eternal inflation may be a generic feature of most inflationary models, in this note we…
We consider some aspects of inflation in models with large internal dimensions. If inflation occurs on a 3D wall after the stabilization of internal dimensions in the models with low unification scale (M ~ 1 TeV), the inflaton field must be…
We review locked inflation and we critically address phenomenological and consistency issues thathave appeared in the literature. A natural window of opportunity is found for the original scenario.Moreover, a simple way to enlarge the…
How does public debt matter for price stability? If it is useful for the private sector to insure idiosyncratic risk, even transitory government debt expansions can exert upward pressure on interest rates and create inflation. As I…
In inflationary cosmology, the form of the potential is still an open problem. In this work, second-order effects of the inflationary potential are evaluated and related to the known formula for the primordial perturbations at a wide range…
This article reviews the economics literature of, primarily, the last 20 years, that studies the link between income shocks and consumption fluctuations at the household level. We identify three broad approaches through which researchers…
In this paper we explore the relationship between the existence of eternal inflation and the initial conditions leading to inflation. We demonstrate that past and future completion of inflation is related, in that past-incomplete inflation…
Effects caused by an additional massive scalar field interacting with an inflaton field are analyzed. Inflation is shown to have two stages, the first of which is dominant and characterized by ultraslow dynamics of the inflaton field.…
We consider the fate of the observable universe in the light of the discovery of a dark energy component to the cosmic energy budget. We extend results for a cosmological constant to a general dark energy component and examine the…
We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping generations framework. The debt multiplier is positive but…
Inflation of a universe filled by an elastic continuous medium is considered. Elastic inflation, while capable of describing current observations, is qualitatively different from standard inflationary models. The scalar and tensor modes…
Reasonable-looking models of inflation are compared, taking into account the possibility that the curvature perturbation might originate from some "curvaton" field different from the inflaton.
The basic workings of inflationary models are summarized, along with the arguments that strongly suggest that our universe is the product of inflation. It is argued that essentially all inflationary models lead to (future-)eternal…
This paper investigates how the cost of public debt shapes fiscal policy and its effect on the economy. Using U.S. historical data, I show that when servicing the debt creates a fiscal burden, the government responds to spending shocks by…