The existence of cosmological perturbations of wavelength larger than the Hubble radius is a generic prediction of the inflationary paradigm. We provide the derivation beyond perturbation theory of a conserved quantity which generalizes the linear comoving curvature perturbation. As a by-product, we show that super- Hubble-radius (super-Hubble:) perturbations have no physical influence on local observables (e.g. the local expansion rate) if cosmological perturbations are of the adiabatic type.
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