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.
In December 2008, in response to the financial crisis, the Federal Reserve cut the federal funds target to a 0-0.25 percent range, inaugurating a zero-interest-rate policy (ZIRP). The near-zero range was maintained until December 2015, accompanied by forward guidance, interest on excess reserves, and successive rounds of large-scale asset purchases. The unconventional posture was designed to ease financial conditions when the policy rate hit the effective lower bound.
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.