--- name: review-of-economic-dynamics description: Use when targeting Review of Economic Dynamics (RED) or deciding whether a quantitative-macro / dynamic-economics manuscript fits this venue. Encodes the journal's fit, framing, method-and-evidence bar, house style, official-submission re-check, and desk-reject heuristics. --- # Review of Economic Dynamics (review-of-economic-dynamics) ## Journal positioning RED is the journal of the Society for Economic Dynamics (the SED), the leading outlet for quantitative dynamic macroeconomics. It rewards papers that take a dynamic equilibrium model seriously — solving it, calibrating or estimating it against data, and using it to answer a substantive macro or dynamic question. The readership is quantitative macroeconomists who care about heterogeneous agents, dynamic general equilibrium, and the mapping between model and data, so a paper must combine a real economic question with disciplined computational or structural execution. This skill is a **fit / venue-selection / re-framing** tool. It does not replace the journal's current official submission guidelines. Before submitting, re-check the live author instructions on the SED / Elsevier site and the editorial submission system. ## When to trigger - The author names RED (or the SED outlet) as the target venue. - A quantitative-macro paper with a structural/computational model needs a home narrower than the top-5 but above generic field outlets. - An applied-macro paper needs re-framing so the contribution reads as a dynamic-equilibrium insight, not a reduced-form regression. - The author needs RED's desk-reject risks and a credible quantitative-macro alternative list. ## Scope & topic fit - Heterogeneous-agent macro (incomplete markets, wealth/earnings inequality, consumption-savings, HANK-style models). - Dynamic general equilibrium applied to growth, business cycles, labor-market dynamics, fiscal/monetary policy, and life-cycle questions. - Structural and computational models where solving the model is central to the contribution. - Quantitative theory: a model disciplined by data, used to measure mechanisms or evaluate counterfactual policy. ## Method & evidence bar - The model must be solved and disciplined credibly: calibration to documented moments, structural estimation, or both, with the identification of key parameters made transparent. - Computational method matters — solution algorithm, state space, and accuracy should be defensible, and quantitative results should be robust to reasonable alternatives. - Counterfactuals and welfare/policy statements must follow from the model's structure, not be asserted. - Reduced-form evidence is welcome as discipline or motivation, but the contribution is the dynamic-equilibrium mechanism, not the regression. ## Structure & house style - The introduction states the dynamic question, the model class, the quantitative mechanism, and the headline number early, and says why the equilibrium structure is necessary to answer it. - Separate the modeling contribution from the calibration/estimation strategy from the quantitative finding. - RED uses an unstructured abstract and JEL codes; an online appendix carries computational detail, robustness, and derivations. - Exhibits should report economically interpretable magnitudes (decompositions, counterfactual gaps, welfare numbers), not only fit statistics. ## Official-submission checklist - Before giving submission-ready advice, read `../../resources/source-basis.md` and `../../resources/official-source-map.md`; start from the official source anchors for this journal family, then cite the current journal-specific page you checked. - Search the live site for "Review of Economic Dynamics submission guidelines / guide for authors" and follow the current SED/Elsevier version. - Re-check submission fee or SED-membership-related policy, formatting, abstract/JEL requirements, and anonymization expectations on the submission system. - Re-check the current data and code / replication-material deposit policy and computational-artifact expectations. - If the live official instructions conflict with this skill, the official instructions win. ## Pre-submission self-check - [ ] One sentence stating why a quantitative macroeconomist should care about this mechanism. - [ ] The contribution is stated as a dynamic-equilibrium mechanism / measurement, not as statistical significance. - [ ] The introduction positions the paper against the current heterogeneous-agent / DGE frontier on this question. - [ ] Solution method, calibration/estimation, and parameter identification are transparent and robust. - [ ] Replication code and computational appendix are ready for the official deposit. ## Common desk-reject triggers - A reduced-form macro paper with no structural or dynamic-equilibrium model. - A model solved but not disciplined by data (no calibration target or estimation). - A computational paper where the algorithm is a black box and accuracy is unaddressed. - Counterfactuals or welfare claims that do not follow from the stated model. ## Re-routing decision - General-interest macro at the top-5 → `american-economic-review` or the relevant AEA outlet; broad macro theory/measurement → `journal-of-monetary-economics`. - Long-run growth and development dynamics → `journal-of-economic-growth`; monetary/financial-macro → `journal-of-money-credit-and-banking`. - Broad European general-economics framing → `journal-of-the-european-economic-association` or `european-economic-review`; pure dynamic theory → `journal-of-economic-theory`. ## Output format ```text [Fit] High / Medium / Low (one-line reason) [Target] Review of Economic Dynamics [Topic tags] <2–3 closest topics> [Method/evidence] [Top risk] [Official items to re-check] [Re-route suggestion] ```