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The Beige Book’s Value for Forecasting Recessions

Author

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  • Mary A. Burke
  • Nathaniel R. Nelson

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.

Suggested Citation

  • Mary A. Burke & Nathaniel R. Nelson, 2025. "The Beige Book’s Value for Forecasting Recessions," Current Policy Perspectives 25-15, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbcq:102052
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    Keywords

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    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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