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The phrase "an efficient policy" is correct and usable in written English.
You can use it when discussing a policy that effectively achieves its intended goals with minimal waste of resources.
Example: "The government implemented an efficient policy to reduce carbon emissions while promoting economic growth."
Alternatives: "a streamlined policy" or "an effective policy."
Exact(11)
Again, an efficient policy is one that maximizes the size of the economic pie.
What might appear to be an efficient policy in one dimension can be harmful for others," it said.
Lateral transshipment is an efficient policy designed to improve the performance of a supply chain.
The challenge for the nation is to develop an efficient policy for reducing carbon emissions.
Marx et al. (2011) point to universal child benefits as an efficient policy – without disincentives – to address redistributive aims.
The objective of this article is thus to present an efficient policy that draws advantages from the dynamic allocation of the satellite bandwidth, trying to avoid any resource waste during the periods of inactivity or rate reduction of some traffic sources.
Similar(49)
Our empirical findings suggest that the Swedish regulatory approach comprised many key elements of an efficient policy-induced transition towards radically lower emissions in the metal smelting and pulp and paper industries.
This evaluation supports the cost-effectiveness modelled for the British scheme and the assumption that a TWC scheme is an economically efficient policy instrument.
Performance evaluation of the component used to evaluate policies is not mentioned, with exception of [23], where the authors conclude they need a more efficient policy evaluator.
Furthermore, the situation may well arise (as in Figure 1b) that as one changes the level of input, a less efficient policy or intervention becomes the more efficient one (e.g., α to β).
The Netherlands is a case in point for efficient policy making.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com