Scott Brave is a senior business economist in the economic research department of the Federal Reserve Bank of Chicago. His chief responsibilities include the Seventh District’s contribution to the Beige Book and the releases for the Chicago Fed's National Activity, Midwest Economy and Financial Conditions Indexes. Brave received a B.A. in economics with honors from the University of Chicago and an M.B.A. with concentrations in economics, statistics and finance from the University of Chicago Graduate School of Business.
Chicago Fed Letter
- Estimating the Trend Rate of Economic Growth Using the CFNAI
Scott Brave, R. Andrew Butters | 2013 | No. 311 | June
Download - Detecting Early Signs of Financial Instability
Scott Brave, R. Andrew Butters | 2012 | No. 305 | December
Download - A Different Way to Review the Chicago Fed National Activity Index
Scott Brave, Max Lichtenstein | 2012 | Vol. 298 | May
Download - Predicting Gross State Product Growth with the Chicago Fed’s Midwest Economy Index
Scott Brave, Norman Wang | 2011 | No. 293 | December
Download - A Snapshot of the Midwest Economy: Past and Present
Scott Brave, Chenfei Lu | 2010 | No. 280 | November
Download - Chicago Fed National Activity Index Turns Ten—Analyzing Its First Decade of Performance
Scott Brave, R. Andrew Butters | 2010 | No. 273 | April
Download - The Chicago Fed National Activity Index and Business Cycles
Scott Brave | 2009 | No. 268 | November
Download - How Does Labor Adjustment in This Recession Compare with the Past?
Daniel Aaronson, Scott Brave | 2009 | No. 263 | June
Download - Economic Trends and the Chicago Fed National Activity Index
Scott Brave | 2008 | No. 250 | May
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Economic Perspectives
- Monitoring Financial Stability: A Financial Conditions Index Approach
Scott Brave, R. Andrew Butters | 2011 | Vol. 35 | 1st Quarter
Download - In search of a robust inflation forecast
Scott Brave, Jonas D. M. Fisher | 2004 | Vol. 28 | November | 4th Quarter
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Working Papers
- The Chicago Fed DSGE Model
Scott Brave, Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano | 2012 | No. 2012-02 | August
Download - Federal Reserve Policies and Financial Market Conditions during the Crisis (REVISED July 2011)
Scott Brave, Hesna Genay | 2011 | No. 2011-04 | May
Download - Gathering Insights on the Forest from the Trees: A New Metric for Financial Conditions
Scott Brave, R. Andrew Butters | 2010 | No. 2010-07 | January
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Supplemental Files
Chicago Fed Letter, No. 311, Technical Report
Estimating the Trend Rate of Economic Growth Using the CFNAI








