We analyse how the effectiveness of price-based and quantity-based macroprudential measures vary by the level of financial development, using panel data for 37 advanced and emerging market economies over 1996–2011. First, we find that quantity-based measures effectively smooth the variations...

"It is well known that children reared in non-intact families on average have less favorable educational outcomes than children reared in two-parent families. Evidence from the United States and Sweden indicates that living in a non-intact family is correlated with lower educational attainment....