Jarrow-Yildirim model for inflation: theory and applications

This thesis deals with inflation theory, focussing on the model of Jarrow & Yildirim, which is nowadays used when pricing inflation derivatives. After recalling main results about short and forward interest rate models, the dynamics of the main components of the market are derived. Then the most important inflation-indexed derivatives are explained (zero coupon swap, year-on-year, cap and floor), and their pricing proceeding is shown step by step. Calibration is explained and performed with a common method and an heuristic and non standard one. The model is enriched with credit risk, too, which allows to take into account the possibility of bankrupt of the counterparty of a contract. In this context, the general method of pricing is derived, with the introduction of defaultable zero-coupon bonds, and the Monte Carlo method is treated in detailed and used to price a concrete example of contract. Appendixes: A: martingale measures, Girsanov's theorem and the change of numeraire. B: some aspects of the theory of Stochastic Differential Equations; in particular, the solution for linear EDSs, and the Feynman-Kac Theorem, which shows the connection between EDSs and Partial Differential Equations. C: some useful results about normal distribution.

Thermal inflation and the cosmological moduli problem

Ho studiato la possibilità di soluzione per il problema cosmologico dei moduli (CMP) presente a causa della compattificazione delle dimensioni extra tramite un periodo di inflazione a basse energie (Thermal Inflation). L'elaborato consta di cinque capitoli. Il primo introduce il lettore alla problematica dei moduli partendo dalla teoria Kaluza-Klein. Il secondo riguarda interamente il CMP e altri problemi cosmologici associati ai moduli. Nel terzo viene descritta la thermal inflation e le condizioni di funzionamento. Nel quarto capitolo viene preso in esame il problema di stabilizzazione dei moduli nella teoria di stringa tipo IIB: vengono descritti sia il meccanismo KKTL che il LVS. L'ultimo capitolo consiste nel calcolo della diluizione dei moduli, enunciata prima in un contesto generale e infine applicata al LVS, tramite la thermal inflation. Viene altresì presa in esame la possibilità di due epoche di thermal inflation, al fine di ottenere una diluizione più efficiente dei moduli. In LVS sono presenti due moduli, differenti per massa e vita media. Il più leggero è soggetto al CMP e si trova che, anche dopo due periodi di thermal inflation vi è ancora un numero eccessivo di tali campi, in quanto se da un lato la thermal inflation ne diliusca la densità iniziale, dall'altro ne causa una forte riproduzione, dovuta essenzialmente alle caratteristiche del modulo

Primordial black holes from multi-field inflation

In this master's thesis, the formation of Primordial Black Holes (PBHs) in the context of multi-field inflation is studied. In these models, the interaction of isocurvature and curvature perturbations can lead to a significant enhancement of the latter, and to the subsequent production of PBHs. Depending on their mass, these can account for a significant fraction (or, in some cases, the entirety) of the universe's Dark Matter content. After studying the theoretical framework of generic N-field inflationary models, the focus is restricted to the two-field case, for which a few concrete realisations are analysed. A numerical code (written in Wolfram Mathematica) is developed to make quantitative predictions for the main inflationary observables, notably the scalar power spectra. Parallelly, the production of PBHs due to the dynamics of 2-field inflation is examined: their mass, as well as the fraction of Dark Matter they represent, is calculated for the models considered previously.

Embedding Starobinsky inflation in string compactifications

A period of accelerated expansion of the primordial universe, known as inflation, represents the standard paradigm for the early universe cosmology. While inflation agrees with observational constraints, a complete understanding of its physical origin is not available yet. This suggests the necessity of an embedding into a more fundamental theory. String theory is arguably the best-developed candidate for an ultra-violet (UV) complete theory of gravity and string compactifications could provide a natural framework for addressing this issue. The aim of this thesis work is to investigate the potential embedding of Starobinsky inflation in effective field theories arising in string compactifications. In particular, we focus on two main objectives. The first one is the evaluation of Yukawa-like couplings in f (R)-theories of gravity with fermions, more specifically in the context of Starobinsky inflation. The second goal is understanding if any of the moduli which naturally arise in string compactifications has the right form of this coupling and displays the correct scalar potential, as needed for a possible identification with the scalar field driving Starobinsky inflation.