Econ Focus

In this issue: philanthropy in rural areas; buy now, pay later plans; the Fed's dollar liquidity swap lines; and more.

In this issue: the state of retirement savings, the role of food banks, lending lessons from the 2023 bank crisis, and more.

In this issue: the outdoor recreation sector, the end of the student loan moratorium, the origin of the 2 percent inflation target, and more.

In this issue: how the pandemic era changed price-setting, the role that Reserve Bank boards of directors play, boosting the rural rental housing supply, and more.

In this issue: our region's semiconductor industry, the new FedNow payments service, and community colleges as anchor institutions.

In this issue: shrinking office demand, Virginia's data center industry, AI and bank supervision, and more.

In this issue: public transit after the pandemic, the Treasury bond market, financial literacy, and more.

In this issue: job mobility after the pandemic, the Fed's forward guidance, climate change and North Carolina, and more.

In this issue: quantitative tightening, inflation and supply chain disruptions, rural areas paying newcomers, the teacher shortage, and more.

In this issue: the Post-9/11 GI Bill, the future of the dollar as the world’s reserve currency, central bank digital currency, and more.

In this special issue on small towns and rural areas: the nursing shortage, the economic promise of startups and the need for affordable housing in these communities.

In this issue: the COVID-19 startup boom, inflation forecasting, alternatives to college, crime trends in the Fifth District, and more.

Cover Story: Is Your Inflation Different?
Not everyone experiences the same inflation. What does that mean for monetary policy?

Cover Story: Has the Pandemic Changed Cities Forever?
COVID-19 transformed how we work and socialize, which could put the future of cities on a new path

Cover Story: The Rise and Sudden Decline of North Carolina Furniture Making
The industry was hit hard by offshore competition

Cover Story: The Making of Reston and Columbia
Reston, Va., and Columbia, Md., were founded in the 1960s with similar visions for inclusive, connected communities

Cover Story: Education without Loans
Some schools are offering to buy a share of students’ future income in exchange for funding their education

Cover Story: Talking Ourselves into a Recession
Could our expectations about the economy be self-fulfilling?

Cover Story: Central Banks and Climate Risks
Some researchers look at climate change and see economic uncertainty. Central banks are beginning to take notice.

Cover Story: Opportunity Zones - More Money, More Problems?
The promise and pitfalls of a new financing model for distressed communities

Cover Story: Navigating Energy Booms and Busts
The fracking revolution has created new job opportunities, but are workers prepared for the fluctuations of the energy economy?

Cover Story: Help Wanted
Employers are having a hard time hiring. Not enough workers or not the right skills?

Cover Story: Tariffs and Trade Disputes
How are recent moves affecting businesses in the Fifth District?

Cover Story: Are Markets Too Concentrated?
Industries are increasingly concentrated in the hands of fewer firms. But is that a bad thing?

Cover Story: Medicine Markup
Americans pay a lot for prescription drugs. Does that mean we pay too much?

Cover Story: Cyberattacks and the Digital Dilemma
Recent high-profile hacks have renewed calls for improved security, but competing incentives pose a challenge

Cover Story: Pricing Vice
Can "sin taxes" be good for your health and the economy?

Cover Story: The Missing Boomerang Buyers
Does it matter whether people who lost their homes during the foreclosure crisis come back to the housing market?

Special Issue: Economics Over the Life Cycle
This issue looks at the economic situations that Americans face at various points in their lives — and the implications for economic policy and personal finance.

Cover Story: Tomorrow's Lenders?
Online nonbank lenders have experienced tremendous growth. What promises, and perils, do they hold for the financial system?

Cover Story: Will America Get a Raise?
Economists debate why wage growth has been so sluggish during the recovery from the Great Recession

Cover Story: Dealing with Disasters
From hurricanes to asteroids, how should we determine what steps to take to avert catastrophe?

Featured Article: A Fresh Look at the "Huddled Masses"
Economists are looking at past mass migration waves to understand Europe's refugee surge.

Cover Story: The Public Perils of Private Debt
Debt makes the wheels of commerce turn. But under certain circumstances, it can also heighten financial crises and recessions.

Cover Story: The Secession Question
What are the economic costs and benefits of nations breaking apart?

Cover Story: The Sharing Economy
Are new online markets creating economic value or threatening consumer safety?

Featured Article: Birds of a Feather
Does the hawk-dove distinction still matter in the modern Fed?

Cover Story: Crowded
While more is not always merrier, population growth over the last century has had many positive effects

Cover Story: Cybersecuring Payments
Are we losing the fight against next-gen bank robbers?

Cover story: "Risky Business?"
Insurance is boring...or at least it's supposed to be

Cover Story: Has College Become a Riskier Investment?
The payoff has become more uncertain — but you're probably still better off going

Cover Story: Sizing Up Currency Manipulation
The Chinese government may be holding down its currency to increase exports. But it's not clear what — if anything — the United States should do about it

Cover Story: Drawing the Line
New measures of poverty illustrate just how hard it is to define who is poor

Featured Story: Putting Banks to the (Stress) Test

Cover Story: Where Have All the Workers Gone? - Why are more people leaving the labor force, and what are they doing?

Cover Story: What We Don't Know About Innovation - We know innovation is important — but do we know how to make it happen?

Cover Story: American Made
The manufacturing sector is stronger than you might think — but new vulnerabilities are emerging.

Cover Story: Why Aren’t We Creating More Jobs? Job growth usually rebounds quickly after a severe recession, but this time is different.

Cover Story: Foreign Housing Finance. America’s housing finance system — including its hefty government support — is unique in the world. As reform progresses, the models of other developed nations could provide some insight. 

Cover Story: What Drives Changes in Economic Thought? Why economists study what they do -- and how the crisis might change it

Cover Story: Fuzzy Math: Public pensions are underfunded – how bad is it?

Cover Story: What Causes Recoveries? How good policy and good luck can trigger the upward side of the business cycle

Cover Story: Do Deficits Matter? And If So, How? As fiscal imbalances increase, economists debate their effect on the macroeconomy

Cover Story: The New Normal? Economists ponder whether the "natural" rate of unemployment has risen

Cover Story: The Price is Right? Has the financial crisis provided a fatal blow to the efficient market hypothesis?

Cover Story: Reforming the Raters: Can regulatory reforms adequately realign the incentives of credit rating agencies?

Cover Story: Know When to Fold 'Em: How the corporate bankruptcy system benefits and hinders the economy

Cover Story: House Bias
The economic consequences of subsidizing homeownership

Cover Story: Going Private
Another private equity boom has passed, but the underlying need for the industry has not

Cover Story: Downtown is Dead. Long Live Downtown.
America is busy rebuilding its downtowns. But these are not the downtowns of yesterday.

Cover Story: Democracy and Other Failures
The theory of public choice helps explain why we get stuck with so many bad economic policies. Or does it?

Cover Story: Academic Alternatives
The theory of school choice sounds great, but it remains controversial. Now, evidence from programs like the one in Milwaukee is beginning to move the discussion from the theoretical to the practical.

Cover Story: Options on the Outs
The popularity of employee stock options is expected to wane with the adoption of a new accounting rule

Cover Story: Charged by the Market.
Electricity deregulation is finally starting to stir up retail competition in Maryland.

Cover Story: $afety First
When markets work, it pays for companies to have safer workplaces, including the coalfields of Virginia and West Virginia.

Cover Story: The End of the "Free" Ride: Tolls bring home the true cost of roads
With traffic congestion worsening, transportation economists are emphasizing pricing tools to make drivers think about how much highways really cost.

Cover Story: Family Portrait. Life is hard in one of Baltimore's toughest neighborhoods. But for Janice Walker, it's home.

Minds Matter
Early childhood education meets economic development

Cover Story: Lights Out
Three years after the enactment of the Sarbanes-Oxley Act, questions are mounting about unintended consequences for hundreds of U.S. firms.

Cover Story: Homeward Bound
Housing markets work just fine for most people. But certain markets in the Fifth District aren't producing homes and apartments that working families can afford.

Cover Story: Branch Bonanza
They cost a lot, but customers can't get enough of them. Why bank branches won't go away.

Cover Story: Why Cities Grow
Economist Richard Florida argues that cities must attract young, talented workers — what he dubs the "creative class" — if they want to prosper.

Cover Story: Working for Health Care
Employer-sponsored health insurance is commonplace, but it's one of many factors distorting the market for medical services.

Cover Story: Global Gain, Local Pain
The globalization of manufacturing has produced cheaper goods for everyone, but the trend has cost hundreds of thousands of jobs in the Fifth District.

Cover Story: Working for Health Care
Employer-sponsored health insurance is commonplace, but it's one of many factors distorting the market for medical services.

Cover Story: Building in Uncle Sam's Backyard
Several factors distinguish commercial development in Washington, D.C., from other real estate markets.

Cover Story: Dollars and Defense
A closer look at how military spending affects Fifth District communities in times of war and peace.

Cover Story: Running on Empty?
While the Fifth District's water supply outlook isn't as dry as you might think, the region could benefit from water policy reform.

Cover Story: Beyond the Turmoil
After a period of rapid and uneven growth, the telecommunications industry in the Fifth District is in the midst of a painful reorganization as service providers rethink how to meet customer demand.