red-rebuttal

Business

Use when planning the response-to-referees after a Review of Economic Dynamics (RED) revise-and-resubmit — structuring a point-by-point reply for a single-anonymized, two-referee process, prioritizing model/quantitative concerns, and remembering that second-and-later resubmissions are exempt from the submission fee. Strategy; it does not write the paper.

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Rebuttal Strategy for RED (red-rebuttal)

When to trigger

An R&R has arrived from RED and you are planning the revision and reply
Reconciling comments from the (minimum) two referees and the editor
Deciding how to handle requests that touch the model, calibration, or code archive

How to respond at RED

Point-by-point, per referee. RED uses single-anonymized review with at least two referees; structure a clear, numbered response to each, plus a short letter to the Coordinating Editor summarizing the main changes. Quote each comment, then state the change and where it lives in the revised paper.
Lead with the model/quantitative concerns. Referees at a dynamic-economics journal care most about whether the mechanism, assumptions/regularity conditions, calibration discipline, and numerical accuracy hold up. Address those first; presentation comments after.
Re-run and re-archive. If you change the model, calibration, or estimation, re-run everything and update the data/code archive (and its readme.txt: seeds, execution order, runtime), since RED's code-first culture means reviewers expect the archive to track the revision.
Fee note. A second-or-later resubmission is exempt from the submission fee — the review clock, not a new fee, governs the next round.
Disagree respectfully, with evidence. Where you decline a change, give a model-based or quantitative reason (a robustness result, an accuracy check, a theoretical argument), not just an assertion.

Checklist

Separate, numbered point-by-point replies for each referee, plus an editor cover letter
Model/quantitative concerns addressed first; every change cross-referenced to the manuscript
Code/data archive re-run and updated to match the revision
Declined requests answered with quantitative/theoretical evidence
Resubmission handled as fee-exempt

Anti-patterns

A single undifferentiated reply that blurs the two referees' distinct concerns
Revising the model but not re-running or re-archiving the code
Treating a resubmission as if it requires a new fee
Brushing off a substantive identification/accuracy concern instead of confronting it

Rerun rule

Any revision that changes a parameter, calibration target, solution method, sample, or shock definition requires rerunning the affected exhibits and updating the archive README. If the response letter says "results are unchanged," cite the rerun script and output date.

Response-letter skeleton for a RED R&R

Dear [Coordinating Editor],

Summary of changes (one page max):
  1. [Model/mechanism change] — new Section X, new Figure Y
  2. [Calibration/estimation change] — Table Z re-estimated; archive updated
  3. [New robustness] — Appendix C: accuracy checks / alternative targets

Referee 1
  Comment 1.1 (quoted). Response: [change + manuscript location].
    Rerun: run_all.sh, [date], seeds unchanged.
  Comment 1.2 (quoted). Response: we respectfully maintain [claim] because
    [quantitative evidence: robustness table / accuracy check / proposition].

Referee 2
  ...

Archive note: data/code archive v[X.Y] resubmitted; readme.txt updated
(execution order, expected runtime, random seeds).

Date-stamping each rerun and versioning the archive is cheap and signals the code-first discipline RED's data/code policy institutionalizes.

Frequent RED referee demands and how to absorb them

Demand	Cost	Strategy
"Redo the counterfactual under an alternative calibration"	compute hours–days	run it; report in an appendix; flag heavy runtime in the letter
"Show the mechanism in a simplified version"	modeling time	add a two-period or representative-agent special case isolating the force
"Your solution may be inaccurate near the constraint"	re-solving	refine the grid near the kink; report Euler errors before and after
"Estimate parameter X rather than calibrating it"	substantial	negotiate: SMM on a focused moment set, or a sensitivity band with a reason estimation is infeasible
"Compare against [referee's preferred model]"	varies	implement a stripped-down version if central; otherwise differentiate analytically and bound the horse race out of scope

Triage order for the revision

Address concerns in this order: (1) anything questioning whether the mechanism exists, (2) calibration and estimation discipline, (3) numerical accuracy, (4) extra experiments, (5) exposition. A reply that fixes typos first and the accuracy concern last reads as evasive to quantitative-macro referees.

Supplementary resources

red-review-process — the review model this reply addresses
red-replication-and-data-policy — updating the archive on revision