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EF cover

Fourth Quarter 2021

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

Cover Story


Feature 1

A Pandemic-Era Startup Boom

A surge of interest in starting new businesses could reverse a long-running drought

President's Message


Thomas I. Barkin

Challenges of Forward Guidance

For the Fed, good communication is an important tool

Features


Seeking Alternatives to College

An Evolving Role for College

Will four-year degrees become less of a gateway for high-paying jobs? Should they?

Sections


Edward Glaeser

Edward Glaeser

Harvard University economist on urbanization, the future of small towns, and "Yes In My Back Yard"

Genghis Khan

Genghis Khan, Trade Warrior

His Pax Mongolica connected Europe and China, leading to exchanges of technology and culture

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David A. Price (804) 697-8018