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.
Direction of monetary-base expansion decisions relative to trend. Separate from fiscal.transfer_expansion even when correlated.
Product-market regulation, entry barriers, licensing burdens, network-industry regulation, price controls.
Rule of law as institutional substrate — contract enforcement, judicial independence, equal treatment before the law. Upstream of most other axes.
In August 2018 Venezuela introduced the Bolivar Soberano, lopping five zeros off the prior bolivar fuerte at a conversion rate of 100,000 to 1, in response to hyperinflation that had reached annualised rates above 1,000,000 percent. The redenomination was paired with a notional anchor to the Petro cryptocurrency and a sharp official-rate devaluation. It did not arrest underlying inflation, which forced a second redenomination in 2021.
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.