Latest Inflation Stories

2012-01-05 15:48:31

Study provides evidence that retails chains, and not just individual stores, explains variation in price dynamics A study by Columbia Business School Professor Emi Nakamura, Chazen Senior Scholar at The Jerome A. Chazen Institute of International Business at Columbia Business School and David W. Zalaznick Associate Professor of Business, Finance and Economics, featured in the Journal of Econometrics, found that retailer characteristics are crucial determinants of heterogeneity in pricing...

2011-11-21 12:23:41

While the price of oil has risen in recent years, it has not affected the price of goods as much as in the past, according to research by two Kansas State University economists. More than that, the prices of many goods -- such as clothing or vacations -- are actually deflating instead of inflating because of improved technology and reduced energy costs. Lance Bachmeier, associate professor of economics, and Inkyung Cha, adjunct professor of economics, discuss oil shocks and inflation in...

Latest Inflation Reference Libraries

2004-10-19 04:45:41

Quintessence (Dark Energy) -- Quintessence or dark energy is a hypothetical form of energy postulated to exist in order to explain observations of an accelerating universe. This energy would act like a vacuum pressure, pushing things apart. Other attempts to explain these recent observations involve a non-zero cosmological constant, which has the same effect. Indeed, sometimes quintessence is said to result in a non-zero cosmological constant, and conversely a non-zero cosmological...

2004-10-19 04:45:41

Cosmological Constant -- The cosmological constant (usually denoted by the Greek capital letter lambda: Λ) is a value occurring in Einstein's theory of general relativity. The units of Λ are 1/second2; its value is unknown but believed to be positive based on recent observations. The constant is proportional to the energy density of the vacuum ρ, where π is Pi, G is the gravitational constant and c is the speed of light in vacuum. The term can be postive, negative, or...

2004-10-19 04:45:41

Inflation -- Inflation is the idea - first proposed by Alan Guth (1981) - that the nascent universe passed through a phase of exponential expansion that was driven by a negative vacuum energy density (positive vacuum pressure). This expansion can be modelled by a non-zero cosmological constant. As a direct consequence of this expansion, all of the observable universe is posited to have originated in a small, initially causally-connected region. Quantum fluctuations in this microscopic...

2004-10-19 04:45:41

Accelerating universe -- In the late 1990s, observations of type I supernova produced the unexpected result that the expansion of the universe appears to be accelerating. These observations appear more firm as new data has appeared. This means that the speed with which a distant galaxy recedes from us increases over time. If this trend continues, eventually we won't be able to see any other galaxies any more. This new theory of the end of the Universe has been called the Big Rip....

2004-10-19 04:45:40

Wilkinson Microwave Anisotropy Probe (WMAP) -- The Wilkinson Microwave Anisotropy Probe (WMAP) was launched on June 30, 2001 at 3:46 p.m. EDT at Cape Canaveral Air Force Station, Florida, USA. The goal of WMAP was to map out minute differences in the Cosmic Microwave Background (CMB) radiation which would help test theories of the nature of the universe. On February 11, 2003, the public relations group from NASA made a press release regarding the age and composition of the universe....

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Word of the Day
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'