DEBT ILLUSION AND IMPERFECT INFORMATION.

The output and employment effects of bond finance depend critically on the assumption that government bonds are regarded by the public as net wealth. This paper analyzes the possibility that debt illusion can exist because of uncertainty about true economic opportunities; there is a learning problem...

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Publicado en:	European Economic Review Vol. 11; no. 4; pp. 379 - 387
Autores principales:	Floyd, John E., Hynes, J. Allan
Formato:	Artículo
Publicado:	Elsevier B.V. Dec78
Materias:	Labor supply Production (Economic theory) Employment Government securities Economic policy Wealth
Acceso en línea:	Ver este registro en EBSCOhost