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