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.
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).
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.
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.
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.
BrandenburgBrandenburg (ˈbʁandn̩bʊʁk; Brannenborg; Bramborska ˈbrambɔrska), officially the State of Brandenburg (German: Land Brandenburg; Low German: Land Brannenborg; Kraj Bramborska), is a state in the northeast of Germany bordering the states of Mecklenburg-Vorpommern, Lower Saxony, Saxony-Anhalt, and Saxony, as well as the country of Poland. With an area of 29,480 square kilometres (11,382 square miles) and a population of 2.5 million residents, it is the fifth-largest German state by area and the tenth-most populous.
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.
DirectXMicrosoft DirectX is a collection of application programming interfaces (APIs) for handling tasks related to multimedia, especially game programming and video, on Microsoft platforms. Originally, the names of these APIs all began with "Direct", such as Direct3D, DirectDraw, DirectMusic, DirectPlay, DirectSound, and so forth. The name DirectX was coined as a shorthand term for all of these APIs (the X standing in for the particular API names) and soon became the name of the collection.
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.
Direct3DDirect3D is a graphics application programming interface (API) for Microsoft Windows. Part of DirectX, Direct3D is used to render three-dimensional graphics in applications where performance is important, such as games. Direct3D uses hardware acceleration if it is available on the graphics card, allowing for hardware acceleration of the entire 3D rendering pipeline or even only partial acceleration.
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.
Gravitational waveGravitational waves are waves of the intensity of gravity that are generated by the accelerated masses of an orbital binary system, and propagate as waves outward from their source at the speed of light. They were first proposed by Oliver Heaviside in 1893 and then later by Henri Poincaré in 1905 as waves similar to electromagnetic waves but the gravitational equivalent. Gravitational waves were later predicted in 1916 by Albert Einstein on the basis of his general theory of relativity as ripples in spacetime.
European integrationEuropean integration is the process of industrial, economic, political, legal, social, and cultural integration of states wholly or partially in Europe or nearby. European integration has primarily come about through the European Union and its policies. In antiquity, the Roman Empire brought about integration of multiple European and Mediterranean territories. The numerous subsequent claims of succession of the Roman Empire, even the iterations of the Classical Empire and its ancient peoples, have occasionally been reinterpreted in the light of post-1950 European integration as providing inspiration and historical precedents.
Gravitational-wave astronomyGravitational-wave astronomy is an emerging field of science, concerning the observations of gravitational waves (minute distortions of spacetime predicted by Albert Einstein's theory of general relativity) to collect relatively unique data and make inferences about objects such as neutron stars and black holes, events such as supernovae, and processes including those of the early universe shortly after the Big Bang.
Gauge bosonIn particle physics, a gauge boson is a bosonic elementary particle that acts as the force carrier for elementary fermions. Elementary particles, whose interactions are described by a gauge theory, interact with each other by the exchange of gauge bosons, usually as virtual particles. Photons, W and Z bosons, and gluons are gauge bosons. All known gauge bosons have a spin of 1; for comparison, the Higgs boson has spin zero and the hypothetical graviton has a spin of 2. Therefore, all known gauge bosons are vector bosons.
Gravitational-wave observatoryA gravitational-wave detector (used in a gravitational-wave observatory) is any device designed to measure tiny distortions of spacetime called gravitational waves. Since the 1960s, various kinds of gravitational-wave detectors have been built and constantly improved. The present-day generation of laser interferometers has reached the necessary sensitivity to detect gravitational waves from astronomical sources, thus forming the primary tool of gravitational-wave astronomy.
Economic integrationEconomic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade. The trade-stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free trade, with free competition and no trade barriers whatsoever.
Higgs bosonThe Higgs boson, sometimes called the Higgs particle, is an elementary particle in the Standard Model of particle physics produced by the quantum excitation of the Higgs field, one of the fields in particle physics theory. In the Standard Model, the Higgs particle is a massive scalar boson with zero spin, even (positive) parity, no electric charge, and no colour charge that couples to (interacts with) mass. It is also very unstable, decaying into other particles almost immediately upon generation.
