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From 1995 he has been Professor of Economics and was the head of the Department of Economics at the Central European University in Budapest during the periods: 1995–2000 and 2005–2006 (accredited by the Board of Regents of the State University of New York, for and on behalf of the New York State Department of Education. Stanford, Harvard, Columbia, Yale and Berkley Universities are also accredited by SUNY).