Primordial black holes place the Universe in stasis

A variety of scenarios for early-universe cosmology give rise to a population of primordial black holes (PBHs) with a broad spectrum of masses. The evaporation of PBHs in such scenarios has the potential to place the Universe into an extended period of ``stasis'' during which the abundances of matter and radiation---i.e., their energy densities divided by the critical density---remain absolutely constant despite cosmological expansion. This surprising phenomenon can give rise to new possibilities for early-universe dynamics and lead to distinctive signatures of the evaporation of such PBHs. In this paper, we discuss how this stasis epoch arises and explore a number of its phenomenological consequences, including implications for inflationary observables, the stochastic gravitational-wave background, baryogenesis, and the production of dark matter and dark radiation.