How to Write an Effective Referee Report and Improve the Scientific Review Process

Drawing on insights of current and past editors of top economics and finance journals, we provide guidelines for reviewers in preparing referee reports and cover letters for journals. Peer review is fundamental to the progress of science and we believe that fundamental changes in reviewing practices are needed to improve the integrity, quality, and efficiency of the publication process. Such changes will also allow scholars to reallocate time from navigating the publication process to developing innovative research.