Supersymmetric Index from Black Hole Entropy
Atish Dabholkar, Joao Gomes, Sameer Murthy, Ashoke Sen

TL;DR
This paper establishes a precise match between macroscopic and microscopic indices of BPS black holes, incorporating quantum corrections and anomaly considerations, and applies the results to specific black hole examples in string theory.
Contribution
It provides an exact computation of the BPS black hole index including quantum corrections, linking anomaly coefficients to the microscopic index, and resolves a longstanding puzzle involving M5-branes.
Findings
Macroscopic and microscopic indices agree exactly in the large charge limit.
Anomaly coefficients determine the microscopic index, while Chern-Simons terms control the macroscopic index.
The analysis applies to spinning black holes in five dimensions and non-spinning in four, confirming microscopic counts.
Abstract
For BPS black holes with at least four unbroken supercharges, we describe how the macroscopic entropy can be used to compute an appropriate index, which can be then compared with the same index computed in the microscopic description. We obtain exact results incorporating all higher order quantum corrections in the limit when only one of the charges, representing momentum along an internal direction, approaches infinity keeping all other charges fixed at arbitrary finite values. In this limit, we find that the microscopic index is controlled by certain anomaly coefficients whereas the macroscopic index is controlled by the coefficients of certain Chern-Simons terms in the effective action. The equality between the macroscopic and the microscopic index then follows as a consequence of anomaly inflow. In contrast, the absolute degeneracy does not have any such simple expression in terms…
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