We calculate analytically the bubble nucleation rate in a model of fir
st-order inflation which is able to produce the large-scale structure.
The computation includes the first-order departure from the thin-wall
limit, the explicit derivation of the preexponential factor, and the
gravitational correction. The resulting bubble spectrum then is compar
ed with constraints from the large-scale structure and the microwave b
ackground. We show that there are models which pass all the constraint
s and produce bubblelike perturbations of interesting size. Furthermor
e, we show that it is in principle, possible to reconstruct completely
the inflationary two-field potential from observations.