imfer-rebuttal

Rebuttal Strategy (imfer-rebuttal)

When to trigger

• An IMFER R&R (major or minor) arrived and you must turn referee reports into a revision plan
• The editor's letter prioritizes some points over others and you must read the signal
• A referee asks for a new identification check, a country-composition test, or a stronger policy framing
• Two referees disagree — one academic-leaning, one policy-leaning — and you must satisfy both
• You need to decide what to concede, what to push back on, and what to defer
• A referee requests a major redesign and you must decide whether to comply, push back, or withdraw

How to read an IMFER decision letter

IMFER R&Rs usually carry the dual signature of the pool: an academic referee pressing on identification and frontier novelty, and a reader pressing on policy relevance and program realism. Start from the editor's letter — it ranks the points and signals which are deal-breakers. The classic IMFER revision arc is: shore up the cross-country design, add the composition/common-shock checks the referees expect, and sharpen (or appropriately bound) the policy implication without overreaching. Treat the academic and policy concerns as two tracks that must both be closed.

Referee ask	Response move
"Re-do with a heterogeneity-robust estimator"	re-estimate; show the headline barely moves; report the event-study leads
"Show it is not driven by a few countries"	add leave-one-country-out / drop-dominant to the main paper, not just the appendix
"This is the global financial cycle"	add the global-cycle / US-shock control; show the result survives
"Policy is endogenous to the crisis"	add the instrument / narrative-timing defense; bound the causal reading
"The policy implication is overreached"	re-scope the implication to exactly what the design supports
"Inference is too narrow"	switch to Driscoll–Kraay / wild-cluster; report the new CIs
Two referees disagree	let the editor's ranking arbitrate; address both, flag the tension transparently
"Make it reproducible"	finalize the package with restricted-data access instructions
"Extend to more countries / a longer sample"	extend if feasible and report; if data-constrained, say so and bound external validity

Reading the decision verdict

IMFER decisions, like most economics journals, carry a verdict the letter's tone encodes: a major R&R invites real engagement and usually signals the editor wants the paper if the design and policy claim can be shored up; a minor R&R means the contribution is accepted and the asks are executable; a reject-and-resubmit (rarer) means a fundamental redesign before it can re-enter. Calibrate effort to the verdict — do not under-respond to a major R&R by treating it as cosmetic, and do not over-engineer a minor R&R into a new paper the editor did not ask for. The editor's framing of the contribution, not the referee word count, is the signal.

Rebuttal craft

1. Lead with a summary of changes keyed to the editor's priorities, then a point-by-point reply.
2. Quote each comment, then answer with what changed, where (section/table/page), and the result — show the number, do not just assert.
3. Concede gracefully and push back precisely. Where a referee is wrong, disagree with evidence and courtesy; do not stonewall the policy referee on relevance.
4. Satisfy both tracks. Close the academic identification asks and the policy-relevance asks; a revision that fixes one and ignores the other stalls.
5. Bound, do not inflate, the policy claim. Re-scoping an overreached implication is usually safer than defending it.
6. Show robustness moved little. The persuasive object is that new checks leave the headline stable.

Checklist

• Effort calibrated to the verdict (major vs. minor R&R vs. reject-and-resubmit)
• Summary-of-changes table keyed to the editor's ranked priorities
• Every referee point quoted and answered with section/table reference and the result
• New identification / composition / common-shock checks run and reported
• Policy implication re-scoped or sharpened to what the evidence supports
• Both the academic and the policy referee's concerns are closed
• Disagreements handled with evidence, not stonewalling; tensions flagged for the editor
• A polite, point-by-point tone maintained even where the referee is wrong
• Resubmission re-runs the double-blind preflight (imfer-submission)

Anti-patterns

• A response letter that argues instead of revising — refusing the obvious requested checks
• Closing the academic asks while ignoring the policy referee (or vice versa)
• Re-defending an overreached policy claim instead of bounding it
• Asserting "we added robustness" without showing the new numbers
• Ignoring the editor's signaled priorities and treating all comments as equal
• Forgetting to re-anonymize the revised main file for the next double-blind round
• Letting two conflicting referees pull the paper apart instead of using the editor's ranking to arbitrate
• A response document so long the editor cannot find what changed — lead with the changes table
• Silently dropping a result a referee questioned instead of addressing the concern openly

Worked vignette (illustrative)

The R&R: Referee 1 (academic) wants Callaway–Sant'Anna and a leave-one-country-out; Referee 2 (policy) thinks the CFM welfare claim is overreached; the editor flags identification as the deal-breaker. The response leads with a changes table keyed to that ranking: the headline moves from −0.82 to −0.79 under the new estimator (shown), leave-one-country-out stays in [−0.9, −0.7] (new appendix table referenced), and the welfare claim is re-scoped from "CFMs are optimal" to "CFMs reduce the outflow by roughly half in the regime we study, with the optimal tax bounded at 1–3%." Both referees' tracks close; the editor's priority is addressed first.

Referee pushback mapped to the rebuttal move

• "You did not actually run the requested estimator." → Run it, report the new headline, and show it barely moved — assertion is not enough.
• "The policy claim is still too strong." → Re-scope explicitly to the regime and magnitude the design supports; do not re-defend the original.
• "The two referees contradict each other." → Quote the editor's ranking, address both, and flag the tension transparently for the editor to adjudicate.

Output format

【Journal】IMF Economic Review
【Skill】imfer-rebuttal
【Editor priorities】ranked deal-breakers: ___
【Point-by-point】[comment → change → location → result] for each
【New analyses】estimator / composition / common-shock checks run: ___
【Policy claim】re-scoped / sharpened to the evidence: ___
【Both tracks closed】academic ___ | policy ___
【Next step】imfer-submission (re-run double-blind preflight for resubmission)