A Short Note on the Size of the Dot-Com Bubble

16 Pages Posted: 23 Apr 2006 Last revised: 29 Oct 2022

See all articles by J. Bradford DeLong

J. Bradford DeLong

University of California, Berkeley; Federal Reserve Bank of San Francisco; National Bureau of Economic Research (NBER)

Konstantin Magin

University of California, Berkeley - COINS

Date Written: February 2006

Abstract

A surprisingly large amount of commentary today marks the beginning of the dot-com bubble of the late 1990s from either the Netscape Communications initial public offering of 1995 or Alan Greenspan's "irrational exuberance" speech of 1996. We believe that this is wrong: we see little sign that the aggregate U.S. stock market was in any way in a significant bubble until 1998 or so.

Suggested Citation

DeLong, James Bradford and Magin, Konstantin, A Short Note on the Size of the Dot-Com Bubble (February 2006). NBER Working Paper No. w12011, Available at SSRN: https://ssrn.com/abstract=881245

James Bradford DeLong (Contact Author)

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Konstantin Magin

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