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.
De Sitter universeA de Sitter universe is a cosmological solution to the Einstein field equations of general relativity, named after Willem de Sitter. It models the universe as spatially flat and neglects ordinary matter, so the dynamics of the universe are dominated by the cosmological constant, thought to correspond to dark energy in our universe or the inflaton field in the early universe.
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.
Conformal symmetryIn mathematical physics, the conformal symmetry of spacetime is expressed by an extension of the Poincaré group, known as the conformal group. The extension includes special conformal transformations and dilations. In three spatial plus one time dimensions, conformal symmetry has 15 degrees of freedom: ten for the Poincaré group, four for special conformal transformations, and one for a dilation. Harry Bateman and Ebenezer Cunningham were the first to study the conformal symmetry of Maxwell's equations.
Chronology of the universeThe chronology of the universe describes the history and future of the universe according to Big Bang cosmology. Research published in 2015 estimates the earliest stages of the universe's existence as taking place 13.8 billion years ago, with an uncertainty of around 21 million years at the 68% confidence level. For the purposes of this summary, it is convenient to divide the chronology of the universe since it originated, into five parts.
Conformal field theoryA conformal field theory (CFT) is a quantum field theory that is invariant under conformal transformations. In two dimensions, there is an infinite-dimensional algebra of local conformal transformations, and conformal field theories can sometimes be exactly solved or classified. Conformal field theory has important applications to condensed matter physics, statistical mechanics, quantum statistical mechanics, and string theory. Statistical and condensed matter systems are indeed often conformally invariant at their thermodynamic or quantum critical points.
CosmologyCosmology () is a branch of physics and metaphysics dealing with the nature of the universe. The term cosmology was first used in English in 1656 in Thomas Blount's Glossographia, and in 1731 taken up in Latin by German philosopher Christian Wolff, in Cosmologia Generalis. Religious or mythological cosmology is a body of beliefs based on mythological, religious, and esoteric literature and traditions of creation myths and eschatology. In the science of astronomy, cosmology is concerned with the study of the chronology of the universe.
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.
Physical cosmologyPhysical cosmology is a branch of cosmology concerned with the study of cosmological models. A cosmological model, or simply cosmology, provides a description of the largest-scale structures and dynamics of the universe and allows study of fundamental questions about its origin, structure, evolution, and ultimate fate. Cosmology as a science originated with the Copernican principle, which implies that celestial bodies obey identical physical laws to those on Earth, and Newtonian mechanics, which first allowed those physical laws to be understood.
Non-standard cosmologyA non-standard cosmology is any physical cosmological model of the universe that was, or still is, proposed as an alternative to the then-current standard model of cosmology. The term non-standard is applied to any theory that does not conform to the scientific consensus. Because the term depends on the prevailing consensus, the meaning of the term changes over time. For example, hot dark matter would not have been considered non-standard in 1990, but would be in 2010.
Two-dimensional conformal field theoryA two-dimensional conformal field theory is a quantum field theory on a Euclidean two-dimensional space, that is invariant under local conformal transformations. In contrast to other types of conformal field theories, two-dimensional conformal field theories have infinite-dimensional symmetry algebras. In some cases, this allows them to be solved exactly, using the conformal bootstrap method. Notable two-dimensional conformal field theories include minimal models, Liouville theory, massless free bosonic theories, Wess–Zumino–Witten models, and certain sigma models.
Hindu cosmologyHindu cosmology is the description of the universe and its states of matter, cycles within time, physical structure, and effects on living entities according to Hindu texts. Hindu cosmology is also intertwined with the idea of a creator who allows the world to exist and take shape. GunaPradhanaPrakritiAhamkaraBuddhiCitta and Pancha Bhoota All matter is based on three inert gunas (qualities or tendencies): sattva (goodness) rajas (passion) tamas (darkness) There are three states of the gunas that make up all matter in the universe: pradhana (root matter): gunas in an unmixed and unmanifested state (equilibrium).
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.
Buddhist cosmologyBuddhist cosmology is the description of the shape and evolution of the Universe according to Buddhist scriptures and commentaries. It consists of a temporal and a spatial cosmology. The temporal cosmology describes the timespan of the creation and dissolvement of alternate universes in different aeons. The spatial cosmology consists of a vertical cosmology, the various planes of beings, into which beings are reborn due to their merits and development; and a horizontal cosmology, the distribution of these world-systems into an infinite sheet of existential dimensions included in the cycle of samsara.
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.
Void (astronomy)Cosmic voids (also known as dark space) are vast spaces between filaments (the largest-scale structures in the universe), which contain very few or no galaxies. The cosmological evolution of the void regions differs drastically from the evolution of the Universe as a whole: there is a long stage when the curvature term dominates, which prevents the formation of galaxy clusters and massive galaxies. Hence, although even the emptiest regions of voids contain more than ~15% of the average matter density of the Universe, the voids look almost empty to an observer.
Hubble's lawHubble's law, also known as the Hubble–Lemaître law, is the observation in physical cosmology that galaxies are moving away from Earth at speeds proportional to their distance. In other words, the farther they are, the faster they are moving away from Earth. The velocity of the galaxies has been determined by their redshift, a shift of the light they emit toward the red end of the visible spectrum. Hubble's law is considered the first observational basis for the expansion of the universe, and today it serves as one of the pieces of evidence most often cited in support of the Big Bang model.
Particle physicsParticle physics or high energy physics is the study of fundamental particles and forces that constitute matter and radiation. The fundamental particles in the universe are classified in the Standard Model as fermions (matter particles) and bosons (force-carrying particles). There are three generations of fermions, although ordinary matter is made only from the first fermion generation. The first generation consists of up and down quarks which form protons and neutrons, and electrons and electron neutrinos.
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.
