Theory of I-V characteristics of magnetic Josephson junctions

We analyze the electrical characteristics of a circuit consisting of a free thin-film magnetic layer and source and drain electrodes that have opposite magnetization orientations along the free magnet's two hard directions. We find that when the circuit's current exceeds a critical value there is a sudden resistance increase which can be large in relative terms if the currents to source or drain are strongly spin polarized and the free magnet is thin. This behavior can be partly understood in terms of a close analogy between the magnetic circuit and a Josephson junction.