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).
UniverseThe universe is all of space and time and their contents, including planets, stars, galaxies, and all other forms of matter and energy. The Big Bang theory is the prevailing cosmological description of the development of the universe. According to this theory, space and time emerged together 13.787billion years ago, and the universe has been expanding ever since the Big Bang. While the spatial size of the entire universe is unknown, it is possible to measure the size of the observable universe, which is approximately 93 billion light-years in diameter at the present day.
Cosmic microwave backgroundThe cosmic microwave background (CMB, CMBR) is microwave radiation that fills all space in the observable universe. It is a remnant that provides an important source of data on the primordial universe. With a standard optical telescope, the background space between stars and galaxies is almost completely dark. However, a sufficiently sensitive radio telescope detects a faint background glow that is almost uniform and is not associated with any star, galaxy, or other object.
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.
Magnetic fieldA magnetic field is a vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials. A moving charge in a magnetic field experiences a force perpendicular to its own velocity and to the magnetic field. A permanent magnet's magnetic field pulls on ferromagnetic materials such as iron, and attracts or repels other magnets.
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.
Shape of the universeThe shape of the universe, in physical cosmology, is the local and global geometry of the universe. The local features of the geometry of the universe are primarily described by its curvature, whereas the topology of the universe describes general global properties of its shape as a continuous object. The spatial curvature is described by general relativity, which describes how spacetime is curved due to the effect of gravity.
Primordial black holeIn cosmology, primordial black holes (PBHs) are hypothetical black holes that formed soon after the Big Bang. In the inflationary era and early radiation-dominated universe, extremely dense pockets of subatomic matter may have been tightly packed to the point of gravitational collapse, creating primordial black holes without the supernova compression needed to make black holes today. Because the creation of primordial black holes would pre-date the first stars, they are not limited to the narrow mass range of stellar black holes.
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.
Earth's magnetic fieldEarth's magnetic field, also known as the geomagnetic field, is the magnetic field that extends from Earth's interior out into space, where it interacts with the solar wind, a stream of charged particles emanating from the Sun. The magnetic field is generated by electric currents due to the motion of convection currents of a mixture of molten iron and nickel in Earth's outer core: these convection currents are caused by heat escaping from the core, a natural process called a geodynamo.
Inhomogeneous cosmologyAn inhomogeneous cosmology is a physical cosmological theory (an astronomical model of the physical universe's origin and evolution) which, unlike the currently widely accepted cosmological concordance model, assumes that inhomogeneities in the distribution of matter across the universe affect local gravitational forces (i.e., at the galactic level) enough to skew our view of the Universe.
Accelerating expansion of the universeObservations show that the expansion of the universe is accelerating, such that the velocity at which a distant galaxy recedes from the observer is continuously increasing with time. The accelerated expansion of the universe was discovered during 1998 by two independent projects, the Supernova Cosmology Project and the High-Z Supernova Search Team, which both used distant type Ia supernovae to measure the acceleration.
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.
Electromagnetic fieldAn electromagnetic field (also EM field or EMF) is a classical (i.e. non-quantum) field produced by moving electric charges. It is the field described by classical electrodynamics (a classical field theory) and is the classical counterpart to the quantized electromagnetic field tensor in quantum electrodynamics (a quantum field theory). The electromagnetic field propagates at the speed of light (in fact, this field can be identified as light) and interacts with charges and currents.
Primordial fluctuationsPrimordial fluctuations are density variations in the early universe which are considered the seeds of all structure in the universe. Currently, the most widely accepted explanation for their origin is in the context of cosmic inflation. According to the inflationary paradigm, the exponential growth of the scale factor during inflation caused quantum fluctuations of the inflation field to be stretched to macroscopic scales, and, upon leaving the horizon, to "freeze in".
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.
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.
Ultimate fate of the universeThe ultimate fate of the universe is a topic in physical cosmology, whose theoretical restrictions allow possible scenarios for the evolution and ultimate fate of the universe to be described and evaluated. Based on available observational evidence, deciding the fate and evolution of the universe has become a valid cosmological question, being beyond the mostly untestable constraints of mythological or theological beliefs.
Interplanetary magnetic fieldThe interplanetary magnetic field (IMF), now more commonly referred to as the heliospheric magnetic field (HMF), is the component of the solar magnetic field that is dragged out from the solar corona by the solar wind flow to fill the Solar System. The coronal and solar wind plasmas are highly electrically conductive, meaning the magnetic field lines and the plasma flows are effectively "frozen" together and the magnetic field cannot diffuse through the plasma on time scales of interest.
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.
