Simplified Smooth Inflation with Observable Gravity Waves

We consider a simplified version of supersymmetric smooth hybrid inflation which contains a single ultraviolet cutoff m_P = 2.4 x 10^{18} GeV, instead of the two cutoffs m_P and M_* ~ few x 10^{17} GeV that are normally employed. With global supersymmetry the scalar spectral index n_s ~ 0.97, which is in very good agreement with the WMAP observations. With a non-minimal Kahler potential, the supergravity version of the model is compatible with the current central values of n_s and also yields potentially observable gravity waves (tensor to scalar ratio r <~ 0.02).