NBER Working Papers by J. Bradford DeLong

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

Working Papers

February 2006A Short Note on the Size of the Dot-Com Bubble
with Konstantin Magin: w12011
August 2001Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration
with Barry Eichengreen: w8443

Published: Frankel, Jeffrey A. and Peter R. Orszag (eds.) American Economic Policy in the 1990s. Cambridge, MA: MIT Press, 2002.

March 2000Cornucopia: The Pace of Economic Growth in the Twentieth Century
February 2000The Shape of Twentieth Century Economic History
June 1996Keynesianism, Pennsylvania Avenue Style: Some Economic Consequences of the Employment Act of 1946

Published: Journal of Economic Perspectives, Vol. 10, no. 3 (Summer 1996): 41-53 citation courtesy of

May 1996America's Only Peacetime Inflation: The 1970s


February 1993Princes and Merchants: European City Growth before the Industrial Revolution
with Andrei Shleifer: w4274

Published: Journal of Law and Economics, October 1993, vol. xxxvi, no. 2, p. 671-702 citation courtesy of

April 1992"Excess Volatility" and the German Stock Market, 1876-1990
with Marco Becht: w4054
February 1992Why Does the Stock Market Fluctuate?
with Robert B. Barsky: w3995

Published: Quarterly Journal of Economics, Vol. 108, no. 2 (1993): 291-311. citation courtesy of

November 1991The Marshall Plan: History's Most Successful Structural Adjustment Program
with Barry Eichengreen: w3899

Published: in Rudiger Dornbusch, et. al. (eds.) Post-World Warr II Economic Reconstru-ction and its Lessons for Eastern Europe Today, Cambridge: MIT Press, 1993

Productivity and Machinery Investment: A Long Run Look 1870-1980

Published: De Long, J. Bradford. "Productivity and Machinery Investment: A Long Run Look 1870-1980." Journal of Economic History 53, 2 (June 1992): 307-24.

December 1990"Liquidation" Cycles: Old-Fashioned Real Business Cycle Theory and the Great Depression
November 1990Equipment Investment and Economic Growth
with Lawrence H. Summers: w3515

Published: Quarterly Journal of Economics, Vol.106, No.2,(May 1991),pp. 445-502. citation courtesy of

The Bubble of 1929: Evidence from Closed-End Funds
with Andrei Shleifer: w3523

Published: Reprinted in Eugene N. White, ed., "Stock Market Crashes and Speculative Manias," The International Library of Macroeconomic and Financial History, vol. 13, An Elger Reference Collection, 1996.

August 1990Did J.P. Morgan's Men Add Value? A Historical Perspective on Financial Capitalism


November 1989Bull and Bear Markets in the Twentieth Century
with Robert B. Barsky: w3171

Published: Journal of Economic History, Vol. 50, No. 2, (June 1990), pp. 1-17. citation courtesy of

March 1989The Size and Incidence of the Losses from Noise Trading
with Andrei Shleifer, Lawrence H. Summers, Robert J. Waldmann: w2875

Published: The Journal of Finance, Vol. XLIV, No. 3, pp. 681-696, (July 1989). citation courtesy of

Positive Feedback Investment Strategies and Destabilizing Rational Speculation
with Andrei Shleifer, Lawrence H. Summers, Robert J. Waldmann: w2880

Published: Journal of Finance, Vol. 45, No. 2, (June 1990), pp. 374-97. citation courtesy of

December 1988Forecasting Pre-World War I Inflation: The Fisher Effect Revisited
with Robert B. Barsky: w2784

Published: Quarterly Journal of Economics, Vol. 106, No.3, (August 1991), pp.815-36.

September 1988The Survival of Noise Traders in Financial Markets
with Andrei Shleifer, Lawrence H. Summers, Robert J. Waldmann: w2715

Published: Journal of Business, Vol. 64, No. 1, January 1991, pp.1-20. citation courtesy of

On the Existence and Interpretation of the "Unit Root" in U.S. GNP
with Lawrence H. Summers: w2716
October 1987The Economic Consequences of Noise Traders
with Andrei Shleifer, Lawrence H. Summers, Robert J. Waldmann: w2395

Published: "Noise Trader Risk in Financial Markets," Journal of Political Economy, Vol .98, No.4, (August 1990), pp.703-738.

Have Productivity Levels Converged? Productivity Growth, Convergence, and Welfare in the Very Long Run

Published: American Economic Review, Vol. 78, No. 6 (December 1988), pp. 1138-54.

August 1985Is Increased Price Flexibility Stabilizing?
with Lawrence H. Summers: w1686

Published: DeLong, T. Bradford and Lawrence H. Summers. "Is Increased Price Flexibility Stabilizing?" American Economic Review, Vol. 76, No. 5, (December 1986),pp. 1031-1044. citation courtesy of

September 1984Are Business Cycles Symmetric?
with Lawrence H. Summers: w1444

Published: "Are Business Cycles Symmetrical?" From The American Business Cycle: Con-tinuity and Change, edited by Robert J. Gordon, pp. 166-178. Chicago: University of Chicago Press, (1986).

The Changing Cyclical Variability of Economic Activity in the United States
with Lawrence H. Summers: w1450


Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us