General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.
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.
Heterodox-orthodox package enacted 1 July 1985 to break triple-digit inflation (peaking ~450% annualised in early 1985) that had followed the 1977 liberalisation, Lebanon war spending, and wage-price indexation dynamics. Four coordinated instruments. (1) Fiscal: deep cut in the budget deficit — roughly 7.5 percentage points of GDP over the first year — via subsidy cuts and public-sector wage freeze. (2) Exchange rate: sharp devaluation then peg of the new shekel to the US dollar, subsequently to a basket, underpinned by a US emergency aid package ($1.5bn) and stand-by arrangement logic. (3) Incomes policy: tripartite agreement freezing wages and a temporary price freeze to break indexation inertia. (4) Monetary: end of automatic central-bank financing of the deficit, codified in the 1985 "no-printing-of-money" law amendment. Plan is a canonical case for the orthodox proposition that high-inflation stabilisation requires credible fiscal anchor plus nominal anchor together; the wage freeze is the heterodox element often cited by structuralist authors. Inflation dropped to ~20% within a year and single digits by the 1990s; no output collapse.
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.
Migrated from movements/israel_stabilisation_plan_1985.yaml (action=MERGE). This entity is a single policy/legislation, not a coalition era; reclassified to policies/. Original movement file deleted.