I will describe a circle-valued Morse theory for simplicial complexes. The central objects of study are partial matchings which admit certain zigzag cycles; these cyclic matchings lift canonically to acyclic matchings on the infinite cyclic cover of the underlying simplicial complex. From the lifted acyclic matchings, we obtain a finitely generated Morse chain complex defined over the Novikov ring, which consists of power series in one variable with finite negative support. We then establish a quasi-isomorphism between this Morse-Novikov complex and the simplicial chain complex of the cyclic cover, duly completed over the Novikov ring. As a pleasant consequence, we can define new computable invariants to detect (obstructions to) the fiberedness of tame knots.

I will give an update on a proposed model theory for directed limits and colimits of first-order structures, originally motivated by applications to commutative algebra and the model theory of valued fields. To illustrate the usefulness of the formalism, I will prove a new general AKE theorem in mixed characteristic in a language with a cross-section of the value group and a lift of the residue field.

I will also discuss connections with other approaches to this topic, including pro- and ind-definable sets, infinitary logic, Feferman's local functors, accessible functors, and ultraproducts, some of which I have not discussed previously.