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Abstract

Correlation functions of chiral primary operators and their superconformal descendants in the N=4 supersymmetric SU(N) Yang-Mills theory are studied in detail in a one-instanton background and at large N. Whereas earlier calculations were restricted to correlation functions that are saturated by the 16 exact superconformal fermionic moduli, here the effect of the infinite set of additional fermionic moduli associated with the embeddings of the SU(2) instanton in SU(N) is considered. The presence of the extra fermionic modes is essential for matching Yang-Mills instanton effects in various correlation functions with D-instanton effects in type IIB string theory via the AdS/CFT conjecture. The leading terms of this kind on the string side contribute at order $\alpha^{-1}$ (where the Einstein--Hilbert terms are of order $\alpha^{-4}$), which is the same order as the $R^4$ interaction. For example, the instanton contributions to correlation functions of higher dimensional chiral primary operators are seen to match amplitudes involving Kaluza-Klein excitations of the supergravity fields, as expected. Another example is the matching of certain multi-fermion correlation functions which correspond to certain multi-fermion interactions required by supersymmetry of the IIB string effective action. Careful analysis of a variety of competing effects makes it possible to decipher contributions corresponding to higher derivative interactions in the IIB effective action. In this manner it is possible to check for the presence of terms of order \alpha$. Comments are also made on the structure of instanton contributions to near-extremal correlation functions of chiral primary operator