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The Beige Book’s Value for Forecasting Recessions

Mary A. Burke and Nathaniel Nelson

No 25-15, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: Can the Beige Book help to tell us when a recession is coming? This question arises from the Federal Reserve Board of Governors’ description of the publication: “The qualitative nature of the Beige Book creates an opportunity to characterize dynamics and identify emerging trends in the economy that may not be readily apparent in the available economic data.” The report consists of summaries of current economic conditions nationally and in each of the 12 Federal Reserve Districts based on anecdotal information gathered from each District’s business contacts.

Keywords: Beige Book; recession forecasts; financial indicators; Sentiment index (search for similar items in EconPapers)
JEL-codes: E3 E37 E58 (search for similar items in EconPapers)
Pages: 8
Date: 2025-11-06
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