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.
General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.
Architect: Finance Minister Fernando Henrique Cardoso under President Itamar Franco (Cardoso subsequently elected president 1994, 1998). Three-stage anti-inflation programme: (1) fiscal adjustment via Plano de Ação Imediata (1993); (2) URV (Unit of Real Value) as indexed accounting unit de-indexing prices from past inflation; (3) Real launched July 1994 at 1:1 to URV. Ended Brazilian hyper- inflation (2,477% in 1993) within months. Anchored by semi-fixed exchange-rate crawling peg through 1998, then floating after 1999 currency crisis. One of the most successful ends-to- hyperinflation on record — textbook combination of fiscal adjustment + credible monetary rule + nominal anchor.
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.