- Liquidity Shocks, Homeownership, and Income Inequality: Impact of Early Pension Withdrawals and Reduced Deposit The paper analyzes two government policies affecting housing demand: early withdrawal from pension savings (EW), and reduction of loan deposit (RD). A model incorporating demand feedback on housing prices using Australian data shows both policies raise prices in the short run. RD delays or prevents access for low-income households, particularly in supply-constrained markets. EW improves accessibility across groups and is most efficient when full withdrawal is permitted, but can reduce retirement security if pension grows faster than property prices. The results also indicate that unequal outcomes stem not from price surges themselves but from pre-existing market disparities. 3 authors · Nov 2
- High Energy Emission from the Intrabinary Shocks in Redback Pulsars The intrabinary shocks (IBS) of spider pulsars emit non-thermal synchrotron X-rays from accelerated electrons and positrons in the shocked pulsar wind, likely energized by magnetic reconnection. In redback spider pulsars, the IBS typically wraps around the sub-stellar companion, leading to a near-normal IBS shock with relatively bright X-ray emission. The characteristic energies of radiating particles and the magnetic fields in the IBS suggest spectral features in the hard X-ray band. Here we perform joint soft-hard X-ray analyses of three redback pulsars, J1723-2837, J2215+5135, and J2339-0533, including new J2215 NuSTAR data. We identify a significant cooling break in J1723-2837 and a marginal break in J2215+5135, while placing constraints on the break energy in J2339-0533. Interpreting these as synchrotron cooling features allows us to estimate the IBS magnetic field B_{rm IBS} sim 40-100 G and place lower bounds on the maximum radiating electron energy. Our results constrain the magnetization of the pulsar wind as well as pair-production in millisecond pulsar magnetospheres. 2 authors · Mar 31
- Bell Instability and Cosmic-Ray Acceleration in AGN Ultrafast Outflow Shocks We investigate magnetic-field amplification driven by the nonresonant hybrid (NRH or Bell) instability and its impact on cosmic-ray (CR) acceleration at reverse shocks of ultrafast outflows (UFOs) from active galactic nuclei (AGN). Previous kinetic studies by particle-in-cell simulations have demonstrated that when maximum CR energy is near the injection scale, NRH instability efficiently amplifies magnetic field up to the saturation level. However, the efficiency of NRH instability goes down as maximum energy increase since CR current is carried by escaping CRs near the maximum energy. We employ a one-dimensional MHD--CR framework solving telegraph-type diffusion--convection equations to trace the coupled evolution of CRs, magnetic fields, and shock dynamics under realistic parameters. We find a distinct transition with magnetic field strength: for weak background fields (B_{0}!lesssim!10^{-4},G), NRH instability efficiently amplifies upstream turbulence, driving a self-regulated state where E_{max} becomes independent of initial strength of magnetic turbulence. In contrast, for stronger background fields (B_{0}!gtrsim!10^{-3},G), the escaping CR current is too weak to drive NRH instability, and magnetic turbulence further decays through parametric instabilities, potentially reducing the acceleration efficiency. We give the physical interpretation for the transition and discuss conditions for PeV--EeV acceleration at UFO reverse shocks. 2 authors · Oct 15
- Jet-ISM Interaction in the Radio Galaxy 3C293: Jet-driven Shocks Heat ISM to Power X-ray and Molecular H2 emission We present a 70ks Chandra observation of the radio galaxy 3C293. This galaxy belongs to the class of molecular hydrogen emission galaxies (MOHEGs) that have very luminous emission from warm molecular hydrogen. In radio galaxies, the molecular gas appears to be heated by jet-driven shocks, but exactly how this mechanism works is still poorly understood. With Chandra, we observe X-ray emission from the jets within the host galaxy and along the 100 kpc radio jets. We model the X-ray spectra of the nucleus, the inner jets, and the X-ray features along the extended radio jets. Both the nucleus and the inner jets show evidence of 10^7 K shock-heated gas. The kinetic power of the jets is more than sufficient to heat the X-ray emitting gas within the host galaxy. The thermal X-ray and warm H2 luminosities of 3C293 are similar, indicating similar masses of X-ray hot gas and warm molecular gas. This is consistent with a picture where both derive from a multiphase, shocked interstellar medium (ISM). We find that radio-loud MOHEGs that are not brightest cluster galaxies (BCGs), like 3C293, typically have LH2/LX~1 and MH2/MX~1, whereas MOHEGs that are BCGs have LH2/LX~0.01 and MH2/MX~0.01. The more massive, virialized, hot atmosphere in BCGs overwhelms any direct X-ray emission from current jet-ISM interaction. On the other hand, LH2/LX~1 in the Spiderweb BCG at z=2, which resides in an unvirialized protocluster and hosts a powerful radio source. Over time, jet-ISM interaction may contribute to the establishment of a hot atmosphere in BCGs and other massive elliptical galaxies. 6 authors · Jan 5, 2015
- ALMA observations of massive clouds in the central molecular zone: slim filaments tracing parsec-scale shocks The central molecular zone (CMZ) of our Galaxy exhibits widespread emission from SiO and various complex organic molecules (COMs), yet the exact origin of such emission is uncertain. Here we report the discovery of a unique class of long (>0.5 pc) and narrow (<0.03 pc) filaments in the emission of SiO 5-4 and eight additional molecular lines, including several COMs, in our ALMA 1.3 mm spectral line observations toward two massive molecular clouds in the CMZ, which we name as slim filaments. However, these filaments are not detected in the 1.3 mm continuum at the 5sigma level. Their line-of-sight velocities are coherent and inconsistent with being outflows. The column densities and relative abundances of the detected molecules are statistically similar to those in protostellar outflows but different from those in dense cores within the same clouds. Turbulent pressure in these filaments dominates over self gravity and leads to hydrostatic inequilibrium, indicating that they are a different class of objects than the dense gas filaments in dynamical equilibrium ubiquitously found in nearby molecular clouds. We argue that these newly detected slim filaments are associated with parsec-scale shocks, likely arising from dynamic interactions between shock waves and molecular clouds. The dissipation of the slim filaments may replenish SiO and COMs in the interstellar medium and lead to their widespread emission in the CMZ. 25 authors · Feb 6