Inflation (cosmology)In physical cosmology, cosmic inflation, cosmological inflation, or just inflation, is a theory of exponential expansion of space in the early universe. The inflationary epoch is believed to have lasted from seconds to between and seconds after the Big Bang. Following the inflationary period, the universe continued to expand, but at a slower rate. The acceleration of this expansion due to dark energy began after the universe was already over 7.7 billion years old (5.4 billion years ago).
InflationIn economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index.
Inflation targetingIn macroeconomics, inflation targeting is a monetary policy where a central bank follows an explicit target for the inflation rate for the medium-term and announces this inflation target to the public. The assumption is that the best that monetary policy can do to support long-term growth of the economy is to maintain price stability, and price stability is achieved by controlling inflation. The central bank uses interest rates as its main short-term monetary instrument.
Eternal inflationEternal inflation is a hypothetical inflationary universe model, which is itself an outgrowth or extension of the Big Bang theory. According to eternal inflation, the inflationary phase of the universe's expansion lasts forever throughout most of the universe. Because the regions expand exponentially rapidly, most of the volume of the universe at any given time is inflating. Eternal inflation, therefore, produces a hypothetically infinite multiverse, in which only an insignificant fractal volume ends inflation.
Monetary inflationMonetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services.Michael F. Bryan, On the Origin and Evolution of the Word "Inflation", clevelandfed.
Asset price inflationAsset price inflation is the economic phenomenon whereby the price of assets rise and become inflated. A common reason for higher asset prices is low interest rates. When interest rates are low, investors and savers cannot make easy returns using low-risk methods such as government bonds or savings accounts. To still get a return on their money, investors instead have to buy up other assets such as stocks and real estate, thereby bidding up the price and creating asset price inflation.
Scale factor (cosmology)The relative expansion of the universe is parametrized by a dimensionless scale factor . Also known as the cosmic scale factor or sometimes the Robertson Walker scale factor, this is a key parameter of the Friedmann equations. In the early stages of the Big Bang, most of the energy was in the form of radiation, and that radiation was the dominant influence on the expansion of the universe. Later, with cooling from the expansion the roles of matter and radiation changed and the universe entered a matter-dominated era.
Demand-pull inflationDemand-pull inflation occurs to arise when aggregate demand in an economy is more than aggregate supply. It involves inflation rising as real gross domestic product rises and unemployment falls, as the economy moves along the Phillips curve. This is commonly described as "too much money chasing too few goods". More accurately, it should be described as involving "too much money spent chasing too few goods", since only money that is spent on goods and services can cause inflation.
Lattice QCDLattice QCD is a well-established non-perturbative approach to solving the quantum chromodynamics (QCD) theory of quarks and gluons. It is a lattice gauge theory formulated on a grid or lattice of points in space and time. When the size of the lattice is taken infinitely large and its sites infinitesimally close to each other, the continuum QCD is recovered. Analytic or perturbative solutions in low-energy QCD are hard or impossible to obtain due to the highly nonlinear nature of the strong force and the large coupling constant at low energies.
Gauge theoryIn physics, a gauge theory is a field theory in which the Lagrangian is invariant under local transformations according to certain smooth families of operations (Lie groups). The term gauge refers to any specific mathematical formalism to regulate redundant degrees of freedom in the Lagrangian of a physical system. The transformations between possible gauges, called gauge transformations, form a Lie group—referred to as the symmetry group or the gauge group of the theory. Associated with any Lie group is the Lie algebra of group generators.
Gauge fixingIn the physics of gauge theories, gauge fixing (also called choosing a gauge) denotes a mathematical procedure for coping with redundant degrees of freedom in field variables. By definition, a gauge theory represents each physically distinct configuration of the system as an equivalence class of detailed local field configurations. Any two detailed configurations in the same equivalence class are related by a gauge transformation, equivalent to a shear along unphysical axes in configuration space.
Friedmann equationsThe Friedmann equations are a set of equations in physical cosmology that govern the expansion of space in homogeneous and isotropic models of the universe within the context of general relativity. They were first derived by Alexander Friedmann in 1922 from Einstein's field equations of gravitation for the Friedmann–Lemaître–Robertson–Walker metric and a perfect fluid with a given mass density ρ and pressure p. The equations for negative spatial curvature were given by Friedmann in 1924.
Lattice gauge theoryIn physics, lattice gauge theory is the study of gauge theories on a spacetime that has been discretized into a lattice. Gauge theories are important in particle physics, and include the prevailing theories of elementary particles: quantum electrodynamics, quantum chromodynamics (QCD) and particle physics' Standard Model. Non-perturbative gauge theory calculations in continuous spacetime formally involve evaluating an infinite-dimensional path integral, which is computationally intractable.
Numerical stabilityIn the mathematical subfield of numerical analysis, numerical stability is a generally desirable property of numerical algorithms. The precise definition of stability depends on the context. One is numerical linear algebra and the other is algorithms for solving ordinary and partial differential equations by discrete approximation. In numerical linear algebra, the principal concern is instabilities caused by proximity to singularities of various kinds, such as very small or nearly colliding eigenvalues.
Binary relationIn mathematics, a binary relation associates elements of one set, called the domain, with elements of another set, called the codomain. A binary relation over sets X and Y is a new set of ordered pairs (x, y) consisting of elements x in X and y in Y. It is a generalization of the more widely understood idea of a unary function. It encodes the common concept of relation: an element x is related to an element y, if and only if the pair (x, y) belongs to the set of ordered pairs that defines the binary relation.
AxionAn axion (ˈæksiɒn) is a hypothetical elementary particle originally postulated by the Peccei–Quinn theory in 1977 to resolve the strong CP problem in quantum chromodynamics (QCD). If axions exist and have low mass within a specific range, they are of interest as a possible component of cold dark matter. As shown by Gerard 't Hooft, strong interactions of the standard model, QCD, possess a non-trivial vacuum structure that in principle permits violation of the combined symmetries of charge conjugation and parity, collectively known as CP.
Numerical analysisNumerical analysis is the study of algorithms that use numerical approximation (as opposed to symbolic manipulations) for the problems of mathematical analysis (as distinguished from discrete mathematics). It is the study of numerical methods that attempt at finding approximate solutions of problems rather than the exact ones. Numerical analysis finds application in all fields of engineering and the physical sciences, and in the 21st century also the life and social sciences, medicine, business and even the arts.
Equilateral triangleIn geometry, an equilateral triangle is a triangle in which all three sides have the same length. In the familiar Euclidean geometry, an equilateral triangle is also equiangular; that is, all three internal angles are also congruent to each other and are each 60°. It is also a regular polygon, so it is also referred to as a regular triangle.
Finitary relationIn mathematics, a finitary relation over sets X1, ..., Xn is a subset of the Cartesian product X1 × ⋯ × Xn; that is, it is a set of n-tuples (x1, ..., xn) consisting of elements xi in Xi. Typically, the relation describes a possible connection between the elements of an n-tuple. For example, the relation "x is divisible by y and z" consists of the set of 3-tuples such that when substituted to x, y and z, respectively, make the sentence true. The non-negative integer n giving the number of "places" in the relation is called the arity, adicity or degree of the relation.
False vacuum decayIn quantum field theory, a false vacuum is a hypothetical vacuum that is relatively stable, but not in the most stable state possible. This condition is known as metastable. It may last for a very long time in that state, but could eventually decay to the more stable state, an event known as false vacuum decay. The most common suggestion of how such a decay might happen in our universe is called bubble nucleation – if a small region of the universe by chance reached a more stable vacuum, this "bubble" (also called "bounce") would spread.
