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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Bibliographic Details

Published in:	European Economic Review Vol. 11; no. 4; pp. 379 - 387
Main Authors:	Floyd, John E., Hynes, J. Allan
Format:	Article
Published:	Elsevier B.V. Dec78
Subjects:	Labor supply Production (Economic theory) Employment Government securities Economic policy Wealth
Online Access:	View this record in EBSCOhost