How fundamental is the Immirzi parameter in Loop Quantum Gravity?

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I will discuss the role(s) of the Immirzi parameter in Loop Quantum Gravity, insisting on the Poisson algebra formed by Thiemann's complexifier, the volume and the Hamiltonian constraint. In particular, we will see how loop quantum cosmology is a direct quantization of this CVH Poisson algebra and how cosmological evolution amounts to a flow in the Immirzi parameter.