Soft information and economic activity: Evidence from the Beige Book

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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...

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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

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