Lecture by Governor Kugler on inflation dynamics and the Phillips curve

Governor Adriana D. Kugler presents a lecture about inflation dynamics and the Phillips Curve to students in Harvard University’s Ec10b Principles of Economics class on Monday, April 7, 2025.

In the lecture she discusses how pandemic-era inflation came in a series of waves: food, core goods, core services and housing. She then talks about the Phillips curve as a model to capture inflation dynamics. Finally, Governor Kugler explores additional augmentations to the Phillips curve model that could help better explain the most recent inflation episode.

Here are the slides from her presentation.