ULTRAVIOLET AND INFRARED ASPECTS OF THE AXIAL ANOMALY .2.

This is the second part of a brief review of some perturbative aspects of the Adler-Bell-Jackiw axial anomaly. To begin with, we discuss here the derivation of the anomaly based on the imaginary part of the VVA triangle graph and dispersion relations. Within such an approach the infrared properties of the VVA amplitude are substantial. Next we summarize the main results obtained by the present author and co-authors concerning some particular ultraviolet and infrared aspects of the axial anomaly. These results cover a wide variety of topics, ranging from dispersion relations to a systematic analysis of gauge invariant ultraviolet regularizations of the VVA triangle graph. In the latter context, one of the highlights is a reinterpretation of dimensional regularization of the VVA diagram as a continuous superposition of Pauli-Villars cut-offs.