Learn how externalities impact economics, with examples of positive and negative outcomes, and explore solutions like taxes, ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Erika Rasure is globally-recognized as a leading consumer ...

Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved in the transactions. Sometimes these indirect effects are tiny. But ...

To what extent does the digital world create a culture in which responsibility is denied or avoided, and what are the consequences of this failure to take ownership of a problem? Taking responsibility ...

Thomas Helbling is an Advisor in the IMF’s Research Department. Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.