Related papers: Inflation targeting strategy and its credibility
A causal structure is a description of the functional dependencies between random variables. A distribution is compatible with a given causal structure if it can be realized by a process respecting these dependencies. Deciding whether a…
This short note aims to introduce a rule which admits to compute %any time rate of interest in any time per any time, rate of inflation per any time in any moment, if the rate of interest or the rate of inflation by unity of time is an…
Theories where the Planck scale is dynamically generated from dimensionless interactions provide predictive inflationary potentials and super-Planckian field variations. We first study the minimal single-field realisation in the low-energy…
A reformulation of inflationary model analyses appeared recently, in which inflationary observables are determined by the structure of a pole in the inflaton kinetic term rather than the shape of the inflaton potential. We comprehensively…
If the inflaton is a pseudo-scalar axion, the axion shift symmetry can protect the flatness of its potential from too large radiative corrections. This possibility, known as natural inflation, requires an axion scale which is greater than…
We propose a model for the joint evolution of European inflation, the European Central Bank official interest rate and the short-term interest rate, in a stochastic, continuous time setting. We derive the valuation equation for a contingent…
We clarify inflaton models by considering them as effective field theories in the Ginzburg-Landau spirit.In this new approach, the precise form of the inflationary potential is constructed from the present WMAP data, and a useful scheme is…
We revisit arguments that simple models of inflation with a small red tilt in the scalar power spectrum generically yield an observable tensor spectrum. We show that criteria for fine-tuning based upon the algebraic simplicity of the…
The basic workings of inflationary models are summarized, along with the arguments that strongly suggest that our universe is the product of inflation. The mechanisms that lead to eternal inflation in both new and chaotic models are…
Pure natural inflation is a compelling effectively single-field model of inflation stemming from a top-down approach to the acceleration mechanism. In this short letter we show that such model is compatible with the latest CMB constraints…
It is now understood that inflation dynamics comes in two forms, isentropic or cold inflation and nonisentropic or warm inflation. In the former, inflation occurs without radiation production, whereas in the latter both radiation production…
Based on entropy considerations and the arrow of time Penrose argued that the universe must have started in a special initial singularity with vanishing Weyl curvature. This is often interpreted to be at odds with inflation. Here we argue…
A new family of inflationary models is introduced and analysed. The behaviour of the parameters characterising the models suggest preferred values, which generate the most interesting testable predictions. Results are further improved if…
The inflationary paradigm provides a robust description of the peculiar initial conditions which are required for the success of the Hot Big Bang model of cosmology, as well as of the recent precision measurements of temperature…
We describe an induced inflation, which refers to a class of inflationary models with a generalized non-minimal coupling $\xi g(\phi) R$ and a specific scalar potential. The defining property of these models is that the scalar field takes a…
We study a large economy in which firms cannot compute exact solutions to the non-linear equations that characterize the equilibrium price at which they can sell future output. Instead, firms use polynomial expansions to approximate prices.…
A theoretical self-sustainable economic model is established based on the fundamental factors of production, consumption, reservation and reinvestment, where currency is set as a unconditional credit symbol serving as transaction equivalent…
Inflation is part of the Standard Model of the Universe supported by CMB and large scale structure LSS datasets. This review presents new developments of inflation in three main chapters. (I): The effective theory of inflation a la…
Inflation is a highly favoured theory for the early Universe. It is compatible with current observations of the cosmic microwave background and large scale structure and is a driver in the quest to detect primordial gravitational waves. It…
I examine global dynamics in a monetary model with overlapping generations of finite-horizon agents and a binding lower bound on nominal interest rates. Debt targeting rules exacerbate the possibility of self-fulfilling liquidity traps, for…