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Ontological neighbourhood

Astronomy

Astrophysics: Physical cosmology

Related concepts (32)

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).

Eternal inflation

Eternal 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.

Inflation

In 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 targeting

In 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.

Monetary inflation

Monetary 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.

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