Soft information and economic activity: Evidence from the Beige Book

Soft information and economic activity: Evidence from the Beige Book

This study employs text-analysis software to analyze the contents of the Federal Reserve Beige Book summary of national economic and business conditions, with a particular focus on the predictive content of the text. We show that the Beige Book language is a good predictor of economic turning points...

Full description

Bibliographic Details
Main Authors: Sadique, Shibley, In, F., Veeraraghavan, M., Wachtel, P.
Format: Journal Article
Published: Elsevier 2013
Subjects:
general inquirer
textual analysis
forecasting
economic fluctuations
beige book
Online Access:http://hdl.handle.net/20.500.11937/33060

Internet

http://hdl.handle.net/20.500.11937/33060

Similar Items