The Econometrics Journal Newsletter 9: Impact and Submissions Up
15 Sep 2018
The Econometrics Journal received 93% more submissions from January to August this year than in the same months last year. The Editors have handled these submissions efficiently, in line with the Journal's editorial policy, by desk rejecting within days all submissions that are unlikely to be publishable, returning decisions on all new submissions (well) within three months, and mostly avoiding multiple and major revisions. At the same time, the Journal Impact Factor of The Econometrics Journal has increased to an all-time high of 1.152 (more on that below). All good reasons to submit your econometric research that matters!
We particularly welcome submissions to a Special Issue on Methodology and Applications of Structural Dynamic Models and Machine Learning. This Special Issue follows the 2nd Conference on Structural Dynamic Models (see below), but is also open to authors who did not attend this meeting. The deadline is 1 October.
This rest of this Newsletter provided further details and reports on other developments in the past half year.
Impact Factor Increases to All-time High of 1.152
The 2017 Journal Citation Reports® (Clarivate Analytics, 2018) for The Econometrics Journal show that its Journal Impact Factor has increased to an all-time high of 1.152. Although we do not want to overinterpret this one rise, in particular given the recent volatility of the Journal's Impact Factors, we have good reasons to expect the Journal's impact to increase more systematically in the near future.
In 2017, The Econometrics Journal introduced a new editorial policy that emphasizes applied relevance and ensures rapid review and publication. With this new policy, the Journal aims at promoting econometrics that matters and increasing the Journal’s influence on both econometrics and empirical economics. It will take some time for this effect to be measured by the Impact Factors. The Impact Factors reported here cover citations of articles published in 2016 and before. Therefore, they do not yet reflect the impact of the new editorial policy, which only affected submissions from 2017 onwards (which will result in publications from 2018 onwards). The 2019 Impact Factors, which will become available halfway 2020, will be the first that (partly) cover publications under the new policy. As we noted in our last Annual Report, we expect systematic improvements in the Journal's impact from then onwards.
Editor's Annual Report 2017: Fast Review under New Editorial Policy
In March, The Econometrics Journal published its Annual Report over 2017, with an extensive review of the new editorial policy that was implemented for all new submissions from 1 January 2017.
With the new editorial policy, review times for new submissions have dropped considerably; as promised, in 2017, most papers were either summarily rejected within a week or reviewed within 3 months. All in all, the review performance in 2017 is in line with the new editorial policy, which strives to screen within 7 days, review within three months, and avoid major and multiple revisions. We have been and are further streamlining the editorial procedures to further reduce the review times and fully implement the policy to avoid major and multiple revisions. Indeed, so far in 2018, we have returned decisions on all submissions (well) within three months.
Chris Hansen retired as an Associate Editor from July 1 to take up editorial responsibilities elsewhere. We thank Chris for his support of The Econometrics Journal.
Oxford University University Press will publish The Econometrics Journal and The Economic Journal from January 2019. Please consult the Society's announcement for details.
Special Issue on Model Selection and Inference Published
The Econometrics Journal has published a Special Issue on Model Selection and Inference. This Special Issue and the four regular papers published with it are available free of charge from http://onlinelibrary.wiley.com/doi/10.1111/ectj.2018.21.issue-1/issuetoc.
The Special Issue paper ”Double/debiased machine learning for treatment and structural parameters” by Victor Chernozhukov (MIT), Denis Chetverikov (UCLA), Mert Demirer (MIT), Esther Duflo (MIT), Christian Hansen (University of Chicago), Whitney Newey (MIT) and James Robins (Harvard University) was, just before its publication, among the Journal’s most downloaded unpublished articles (http://www.onlinelibrary.wiley.com/doi/10.1111/ectj.12097/abstract).
Forthcoming Papers Available on Early View
Hans Kippersluis, Cornelius A. Rietveld: "Beyond plausibly exogenous". Published Online on 18 July 2018
Other Forthcoming Papers
Artūras Juodis, Joakim Westerlund: "Optimal panel unit root testing with covariates". Accepted manuscript online: 03 August 2018
Yoshimasa Uematsu, Shinya Tanaka: "High‐dimensional macroeconomic forecasting and variable selection via penalized regression". Accepted manuscript online: 13 July 2018
Matei Demetrescu, Dominik Wied: "Testing for constant correlation of filtered series under structural change". Accepted manuscript online: 29 June 2018
Frank Windmeijer: "Two‐stage least squares as minimum distance". Accepted manuscript online: 07 June 2018
Brendan Kline, Elie Tamer: "Identification of treatment effects with selective participation in a randomized trial". Accepted manuscript online: 12 May 2018
Max Kleiman‐Weiner, Joshua B. Tenenbaum, Penghui Zhou: "Non‐parametric Bayesian inference of strategies in repeated games". Accepted manuscript online: 10 April 2018
S. Astill, A.M.R. Taylor: "Robust tests for deterministic seasonality and seasonal mean shifts". Accepted manuscript online: 05 February 2018
Joakim Westerlund: "CCE in panels with general unknown factors". Accepted manuscript online: 05 February 2018
Khai X. Chiong, Hyungsik Roger Moon: "Estimation of Graphical Lasso using the L1,2 norm”. Accepted manuscript online: 17 October 2017
Special Session on Structural Macroeconometrics at RES 2018
The Econometrics Journal organized a Special Session on Structural Macroeconometrics at the 2018 Annual Conference of the Royal Economic Society, with presentations by Barbara Rossi (UPF/BGSE) on "The effects of conventional and unconventional monetary policy: A New identification procedure” and Marco del Negro (NY Fed) on "Recent developments in forecasting with DSGE models”. The slides and video of Marco's presentation are available online. We expect to report further on this Special Session in a future Special Issue.
Presentation of 2016 Denis Sargan Econometrics Prize at RES 2018
Prior to the Sargan Lecture at the 2018 Conference, Andrew Chesher presented the 2016 Denis Sargan Econometrics Prize to Ulrich Hounyo (SUNY Albany) and Bezirgen Veliyev (Aarhus) for their article “Validity of Edgeworth expansions for realized volatility estimators” in the February 2016 issue of The Econometrics Journal. The Denis Sargan Econometrics Prize is awarded for the best (unsolicited) article published in The Econometrics Journal in a given year by anyone who is within five years of being granted their doctorate. Visit the Sargan Prize web pages for more information, including videos of an interview with and the award to this year's winners.
Second Conference on Structural Dynamic Models
On 31 May and 1 June 2018, the Centre for Computational Economics at the University of Copenhagen hosted the 2nd Conference on Structural Dynamic Models, with a special focus on the use of machine learning and artificial intelligence to facilitate solution and estimation of dynamic structural models. The Econometrics Journal supported this conference and intends to follow up with a Special Issue on Methodology and Applications of Structural Dynamic Models and Machine Learning. To this end, we invite submissions that fall broadly in the areas of structural estimation and machine learning. We are especially interested in submissions that make novel attempts to bridge these two literatures. A number of leading researchers who specialize in these two areas presented papers at the conference and some of them will be submitting papers for the Special Issue. However, the Journal also welcomes submissions to this Special Issue by researchers who may not have been aware of the conference or whose submissions to the conference could not be accommodated due to space constraints in the two-day all plenary session conference format.The deadline for submissions is 1 October. Please check the call for submissions for details.
Special Session on Panel Data at RES 2019
We are very happy to announce that Bo Honoré (Princeton) and Ivan Fernandez-Val (Boston U) have agreed to present in a Special Session on new developments in the econometric analysis of panel data at the 2019 Annual Conference of the Royal Economic Society, which will be held at the University of Warwick from 15-17 April 2019.
We hope you enjoyed a good summer and will have a productive fall!
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