Has the Beige Book become disconnected from economic data?

Laila Assanie, Ethan Dixon and Emily Kerr

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The Federal Reserve's Beige Book, a key tool for identifying U.S. business-cycle shifts, has traditionally aligned with economic data. However, postpandemic, its economic characterizations often appear weaker than what hard data indicated, raising concerns of divergence from official statistics.

Keywords: Beige Book; economic data (search for similar items in EconPapers)
Date: 2025-05-27
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:100011

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