General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.
Direction of monetary-base expansion decisions relative to trend. Separate from fiscal.transfer_expansion even when correlated.
De jure and de facto independence of the central bank from fiscal authority. Per D.1.5 scope, one of the framework's defensible monetary positions.
Ease of hiring/firing, collective-bargaining scope, minimum wage rigidity, temporary/permanent contract regulation.
The Callaghan government's December 1976 Stand-By Arrangement with the IMF, providing a USD 3.9bn facility against sterling-crisis pressures and conditional on quantitative ceilings on Domestic Credit Expansion, the PSBR, and Sterling M3 growth. The Letter of Intent committed the Treasury to public-spending cuts and tighter monetary control, marking the canonical pivot in UK macro policy from Keynesian demand management toward monetary discipline.
Per invariant 3, reforms are scored by what they did on each channel-separated axis, not by the party that enacted them. This fingerprint is how the policy-match engine finds historical analogues.
Explicit links are curated by the author. Inferred links are hypotheses in the library that test the same axes this policy moved — the framework's answer to "what does the data say about a policy like this?".
Ranked by axis-fingerprint overlap with this policy. Direction match bolded — those are the closest historical analogues. Shape of the match is what drives policy-outcome comparison, not the country or party label.