interface Observable<T>
{
  (): T;
  (value: T): any;
}

function observable<T>(value: T): Observable<T>
{
  return undefined as any;  // the implementation is not important
}

const x: Observable<boolean> = observable(false);

Type 'Observable<false>' is not assignable to type 'Observable<boolean>'.
  Types of parameters 'value' and 'value' are incompatible.
    Type 'boolean' is not assignable to type 'false'.