Acceptance with minor revisions
As the author of a manuscript which has received an accept with minor revisions decision, you are to be congratulated. The editors of the Journal of Monetary Economics have concluded that your paper contains a contribution that is publishable when a small list of specified revisions is successfully executed.
This decision category — which is called “accepted subject to revision” at some other journals — means that a paper contains results which are clearly of a quality necessary for publication, with only minor modifications necessary to clarify the substantive contributions of the paper and to implement JME style.
By recommending an accept with minor revisions decision on a manuscript, an associate editor has decided that that his work and that of the referee(s) is complete. Hence, the manuscript may not be returned to the associate editor.
A manuscript can receive the accept with minor revisions decisions multiple times if the supervisory editor feels that the list of necessary revisions – specified in prior round letters from the associate editor or him — has not been fully executed. It is therefore critical for the authors to communicate exactly what they have done on the revision in a cover letter to the supervisory editor.
The EES mechanics for including the editor letter in an EES submission are discussed under Revise and Resubmit and will not be repeated here.
Requirements for revision
First, when the revision of the manuscript is received, a submission fee must accompany it. If it proves acceptable, then the submission fee will be refunded. Since there will be two way payments in our process, we recommend the use of PayPal to expedite these payments. See http://jme.rochester.edu/PayPal.htm
Second, you may wish to make use of JME manuscript shells to aid in your preparation of this revision according to required format (discussed below) and to produce a near-proof version at a later stage.
Third, the manuscript must be brought fully into line with JME style: by clicking on this link, you can get a check list of style elements.
Some particular elements of JME style are useful to like to highlight (but all style elements should be implemented).
(1) JME requires include research highlights in bullet form: these new elements for Elsevier publications are described at http://support.elsevier.com/ if you search under “research highlights”. There should be no more than 4 research highlights and each must be limited to 80 characters in length.
(2) JME style requires that “I”, “we” and “our” should be employed only for emphasis. This should translate to an incidence of about once every other page.
(3) JME style requires that the abstract, introduction, and conclusion not start with “this paper” or “I” or “we”.
(4) JME style requires that no section head can be immediately followed by a subsection head.
(5) JME style requires attention to detail in figure and table construction, including:
Inclusion of an explanatory footnote for each figure and table. These should be designed so that the reader can understand the table/figure without reference back to the main text for the definitions of variables, etc.
Figure backgrounds which are not colored and line types that are distinguishable when the figure is printed in black and white.
All figures and tables should appear at the back of the submitted manuscript, each on a separate page. Please include inserts of the form “Locate Figure X about here” in the manuscript.
(6) JME makes use of the supplemental material option in Science Direct. The supplemental material component of a JME publication is an ideal place to include materials that a very interested reader would like to see. In theoretical studies, these could include details of proofs, numerical examples, or generalizations of the theory presented in the text. In empirical and quantitative studies, replication is enhanced by appendices detailing your procedures as well as data and programs.
(7) JME does not publish appendices as part of the regular paper issue, but only as supplemental material.
(8) Manuscripts should not exceed 30 pages of text, footnotes, and references without permission of the supervisory editor.
(9) Manuscripts should not include more than 10 figures and tables (F+T<=10) without permission of the supervisory editor.
Manuscript evaluation
Your revised manuscript will be evaluated for consistency with JME style and for care in final manuscript preparation. Please note that this manuscript evaluation involves a third party evaluation of quality of writing and consistency with JME style.
The manuscript evaluation makes use of a checklist: please print it and make sure that your submitted manuscript will not encounter problems.
If it does not pass this review, then an additional round of revisions will be required and you will have to pay an additional submission fee. These revisions may take the form of minor modifications to assure consistency with style. But if the revisions are substantial, then you may be required to use an external editorial service to improve the quality of your paper.
Formatting of manuscripts to be evaluated
Please prepare the manuscript in 12 point type, double spaced with line numbers.
Please place all tables and figures at the back of the manuscript, each on a separate page, after the references but prior to appendices. If you are submitting appendix material which is supplemental, please follow the instructions for including supplemental material in EES.
Note that the manuscript evaluation discussed above will check to determine if you have satisfied the requests of the associate editor and supervisory editor. Please make sure to include a cover letter that indicates exactly how you handled each request.