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On May 14, 2018, the U.S. Supreme Court held in Murphy v. National Collegiate Athletic Association that the Professional and Amateur Sports Protection Act (“PASPA”) violated the Tenth Amendment of the U.S. Constitution, and thus the U.S. government may not use PASPA to prevent states from...
Persistent link: https://www.econbiz.de/10012915927
Comments on key rules and principles of: (1) the Jordan-United States Bilateral Investment Treaty 1997, including those concerning most favoured nation treatment, free transfer of profits, the settlement of disputes, and qualifying industrial zones; and (2) the Jordan-United States Free Trade...
Persistent link: https://www.econbiz.de/10014184646
This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries, as well as the difference of this impact before and after...
Persistent link: https://www.econbiz.de/10013289383
Keynes emphasized a specific situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness when nominal interest approaches the zero-bound rate. This situation was termed a liquidity trap (LT) by Robertson and was popularized by the Hicks- Hansen...
Persistent link: https://www.econbiz.de/10012840524
Keynes emphasized a specific situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness when nominal interest approaches the zero-bound rate. This situation was termed a liquidity trap (LT) by Robertson and was popularized by the Hicks- Hansen...
Persistent link: https://www.econbiz.de/10012177015
This article discusses a decision both European Union Member States and states in the United States must make: whether to raise their compulsory automobile insurance minimum amounts. The authors review a case study from the United States, the Commonwealth of Pennsylvania, and conclude a proposed...
Persistent link: https://www.econbiz.de/10012839085
Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official corruption, this paper examines whether formal sector productive (unproductive) entrepreneurial activity is associated with lower (higher) levels of informal economic activity....
Persistent link: https://www.econbiz.de/10013035948
The Fourth Section of the Fourth Article of the Constitution of the United States of America pledges that the national government will "guarantee to every state in this Union a Republican Form of Government". By "republic", eighteenth-century English-speaking writers meant to signify (as Thomas...
Persistent link: https://www.econbiz.de/10014217193
This Article analyzes whether an NFL player who protests during the national anthem has any legal recourse if he is fired—or not hired—as a result of his political protests. Part I of this Article describes the history of NFL players engaging in political protests during the national anthem....
Persistent link: https://www.econbiz.de/10014033835
This brief guide to the philosophy of federalism provides an original analysis distinguishing the flurry of competing conceptual accounts of federalism in the United States and Europe. It draws out and critically examines the theories of sovereignty and federalism of James Madison, James Wilson,...
Persistent link: https://www.econbiz.de/10014111771