New Zealand's Current Account Deficit: Analysis based on the Intertemporal Optimisation Approach

New Zealand's Current Account of the Balance of Payments has been persistently in deficit since the early 1970s and increased markedly during the late 1990s. Is this a cause for significant concern? This paper tackles this question by evaluating New Zealand's external solvency, the degree of optimality of the intertemporal consumption smoothing through its current account, and whether its international financial capital flows have been used in an optimal (consumption-smoothing) fashion. We carry out statistical tests in relation to external solvency. We also estimate a "benchmark" consumption-smoothing component for its current account based on an intertemporal optimisation model in order to carry out tests of the optimality of the size and volatility of the current account. We could not reject the hypotheses that New Zealand's current account was consistent with optimal smoothing, that the external solvency condition has been satisfied, and that there is "no excess volatility" in international financial capital flows.current account; intertemporal; consumption-smoothing; New Zealand

Versatile liquid helium scintillation counter of large volume design

Design and performance of large liquid helium scintillation counter for meson experiment

Correlated Photons from Collective Excitations of Three-Level Atomic Ensemble

We systematically study the interaction between two quantized optical fields and a cyclic atomic ensemble driven by a classic optical field. This so-called atomic cyclic ensemble consists of three-level atoms with Delta-type transitions due to the symmetry breaking, which can also be implemented in the superconducting quantum circuit by Yu-xi Liu et al. [Phys. Rev. Lett. 95, 087001 (2005)]. We explore the dynamic mechanisms to creating the quantum entanglements among photon states, and between photons and atomic collective excitations by the coherent manipulation of the atom-photon system. It is shown that the quantum information can be completely transferred from one quantized optical mode to another, and the quantum information carried by the two quantized optical fields can be stored in the collective modes of this atomic ensemble by adiabatically controlling the classic field Rabi frequencies.Comment: 10 pages, 2 figure

On the ubiquity of molecular anions in the dense interstellar medium

Results are presented from a survey for molecular anions in seven nearby Galactic star-forming cores and molecular clouds. The hydrocarbon anion C6H- is detected in all seven target sources, including four sources where no anions have been previously detected: L1172, L1389, L1495B and TMC-1C. The C6H-/C6H column density ratio is greater than about 1.0% in every source, with a mean value of 3.0% (and standard deviation 0.92%). Combined with previous detections, our results show that anions are ubiquitous in dense clouds wherever C6H is present. The C6H-/C6H ratio is found to show a positive correlation with molecular hydrogen number density, and with the apparent age of the cloud. We also report the first detection of C4H- in TMC-1 (at 4.8-sigma confidence), and derive an anion-to-neutral ratio C4H-/C4H = (1.2 +- 0.4) x 10^-5 (= 0.0012 +- 0.0004%). Such a low value compared with C6H- highlights the need for a revised radiative electron attachment rate for C4H. Chemical model calculations show that the observed C4H- could be produced as a result of reactions of oxygen atoms with C5H- and C6H-

Band gap reduction in GaNSb alloys due to the anion mismatch

The structural and optoelectronic properties in GaNxSb1–x alloys (0<=x<0.02) grown by molecular-beam epitaxy on both GaSb substrates and AlSb buffer layers on GaAs substrates are investigated. High-resolution x-ray diffraction (XRD) and reciprocal space mapping indicate that the GaNxSb1–x epilayers are of high crystalline quality and the alloy composition is found to be independent of substrate, for identical growth conditions. The band gap of the GaNSb alloys is found to decrease with increasing nitrogen content from absorption spectroscopy. Strain-induced band-gap shifts, Moss-Burstein effects, and band renormalization were ruled out by XRD and Hall measurements. The band-gap reduction is solely due to the substitution of dilute amounts of highly electronegative nitrogen for antimony, and is greater than observed in GaNAs with the same N content

Band anticrossing in GaNxSb1–x

Fourier transform infrared absorption measurements are presented from the dilute nitride semiconductor GaNSb with nitrogen incorporations between 0.2% and 1.0%. The divergence of transitions from the valence band to E– and E+ can be seen with increasing nitrogen incorporation, consistent with theoretical predictions. The GaNSb band structure has been modeled using a five-band k·p Hamiltonian and a band anticrossing fitting has been obtained using a nitrogen level of 0.78 eV above the valence band maximum and a coupling parameter of 2.6 eV

CO abundances in a protostellar cloud: freeze-out and desorption in the envelope and outflow of L483

CO isotopes are able to probe the different components in protostellar clouds. These components, core, envelope and outflow have distinct physical conditions and sometimes more than one component contributes to the observed line profile. In this study we determine how CO isotope abundances are altered by the physical conditions in the different components. We use a 3D molecular line transport code to simulate the emission of four CO isotopomers, 12CO J=2-1, 13CO J=2-1, C18O J=2-1 and C17O J=2-1 from the Class 0/1 object L483, which contains a cold quiescent core, an infalling envelope and a clear outflow. Our models replicate JCMT (James Clerk Maxwell Telescope) line observations with the inclusion of freeze-out, a density profile and infall. Our model profiles of 12CO and 13CO have a large linewidth due to a high velocity jet. These profiles replicate the process of more abundant material being susceptible to a jet. C18O and C17O do not display such a large linewidth as they trace denser quiescent material deep in the cloud.Comment: 9 figures, 13 pages, 2 table

Cold Water Vapor in the Barnard 5 Molecular Cloud

After more than 30 yr of investigations, the nature of gas-grain interactions at low temperatures remains an unresolved issue in astrochemistry. Water ice is the dominant ice found in cold molecular clouds; however, there is only one region where cold ((is) approximately 10 K) water vapor has been detected-L1544. This study aims to shed light on ice desorption mechanisms under cold cloud conditions by expanding the sample. The clumpy distribution of methanol in dark clouds testifies to transient desorption processes at work-likely to also disrupt water ice mantles. Therefore, the Herschel HIFI instrument was used to search for cold water in a small sample of prominent methanol emission peaks. We report detections of the ground-state transition of o-H2O (J = 110-101) at 556.9360 GHz toward two positions in the cold molecular cloud, Barnard 5. The relative abundances of methanol and water gas support a desorption mechanism which disrupts the outer ice mantle layers, rather than causing complete mantle removal

Observations of chemical differentiation in clumpy molecular clouds

We have extensively mapped a sample of dense molecular clouds (L1512, TMC-1C, L1262, Per 7, L1389, L1251E) in lines of HC3N, CH3OH, SO and C^{18}O. We demonstrate that a high degree of chemical differentiation is present in all of the observed clouds. We analyse the molecular maps for each cloud, demonstrating a systematic chemical differentiation across the sample, which we relate to the evolutionary state of the cloud. We relate our observations to the cloud physical, kinematical and evolutionary properties, and also compare them to the predictions of simple chemical models. The implications of this work for understanding the origin of the clumpy structures and chemical differentiation observed in dense clouds are discussed.Comment: 20 pages, 7 figures. Higher quality figures appear in the published journal articl

Quantum phases of a qutrit

We consider various approaches to treat the phases of a qutrit. Although it is possible to represent qutrits in a convenient geometrical manner by resorting to a generalization of the Poincare sphere, we argue that the appropriate way of dealing with this problem is through phase operators associated with the algebra su(3). The rather unusual properties of these phases are caused by the small dimension of the system and are explored in detail. We also examine the positive operator-valued measures that can describe the qutrit phase properties.Comment: 6 page