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PhD defense (Judit Krekó): Essays in Empirical Analysis of Economic Policy

Budapest campus
Wednesday, May 6, 2020, 1:00 pm – 3:00 pm


Due to the extraordinary measures introduced by CEU in regard to the Covid-19 virus situation, the doctoral defense will take place on-line. For further information, contact Veronika Orosz, program coordinator (

The Department of Economics and Business cordially invites you to the Public Defense of the PhD Dissertation
Judit Krekó

Essays in Empirical Analysis of Economic Policy

Members of the Defense Committee:
Supervisors: Andrea Weber (CEU), Robert Lilei (CEU), Almos Telegdy (National Bank of Hungary
External member: Aniko Biro (KRTK KTI)
Internal member: Arieda Mu
ço (CEU)

Chair: Julius Horvath (CEU)


Two of the three essays investigate the role of employment policies in labor market outcomes of disabled persons, focusing on Hungarian policy reforms and using administrative data. The first chapter explores the effect of the disability quota-levy system. The chapter concludes that firms react sensitively to the financial incentive, however, low effective labor supply hampers the effectiveness of the quota regulation. The second chapter focuses on the effects of earnings limit accompanied to disability benefits and it demonstrates that a low earnings limit might reduce earnings and employment rate of partially disabled beneficiaries. The third chapter (with Gábor Oblath) investigates the relationship between economic growth and real exchange rate misalignment within the European Union, using panel econometric techniques. In this essay we finds that deviation in the price level of GDP and the internal relative price from levels consistent with economic development affects economic growth in the EU and analyze the role of different factors influencing this effect.