Local Features with Large Spiky non-Gaussianities during Inflation
  We provide a dynamical mechanism to generate localized features during
inflation. The local feature is due to a sharp waterfall phase transition which
is coupled to the inflaton field. The key effect is the contributions of
waterfall quantum fluctuations which induce a sharp peak on the curvature
perturbation which can be as large as the background curvature perturbation
from inflaton field. Due to non-Gaussian nature of waterfall quantum
fluctuations a large spike non-Gaussianity is produced which is narrowly peaked
at modes which leave the Hubble radius at the time of phase transition. The
large localized peaks in power spectrum and bispectrum can have interesting
consequences on CMB anisotropies.
