John Murray

Former Deputy Governor (2008 - 2014)

John Murray served as Deputy Governor of the Bank of Canada from January 2008 until his retirement from the Bank in April 2014. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

Born in Toronto, Mr. Murray received a bachelor of commerce degree from Queen’s University in 1971, as well as an MA in economics and a PhD in economics from Princeton University in 1974 and 1977, respectively.

After completing his PhD, Mr. Murray taught at the University of British Columbia as an assistant professor and at the University of North Carolina as a visiting assistant professor. From 1985 to 1986, he also lectured at PrincetonUniversity.

Mr. Murray joined the Bank of Canada in 1980 as a Senior Economist with the Monetary and Financial Analysis Department. In 1981, he was promoted to the position of Research Officer, and in 1982, he became Assistant Chief of the department. He served as Research Adviser in the Monetary and Financial Analysis and International departments from 1984 to 1987. In 1987, he was appointed Deputy Chief of the International Department, and in 1990, Chief. Mr. Murray became an Adviser to the Governor in January 2000.


6 March 2014 Stepping Outside: Analyzing the Canadian Economy from an International Perspective

Remarks John Murray Victoria chapters of the Certified Management Accountants, Certified General Accountants and the Financial Management Institute Victoria, British Columbia
Deputy Governor John Murray discusses the Canadian economy from an international perspective.
Content Type(s): Press, Speeches

10 February 2014 Bank of Canada: Promoting Canada’s Economic and Financial Well-Being

Presentation John Murray Greater Sudbury Chamber of Commerce Sudbury, Ontario
Deputy Governor John Murray discusses how the Bank of Canada promotes Canada’s economic and financial well-being.
Content Type(s): Press, Speeches

19 November 2013 Price Puzzles and the Exchange Rate

Remarks John Murray Mount Allison University Sackville, New Brunswick
In his speech, Price Puzzles and the Exchange Rate, Deputy Governor John Murray discusses the exchange rate pass-through and how it affects prices of goods and services in Canada.
Content Type(s): Press, Speeches

14 November 2013 Monetary Policy Decision Making at the Bank of Canada

The process that the Bank of Canada follows to make its monetary policy decisions has evolved over time. This process is very information-intensive and collaborative, drawing on the expertise, judgment and analysis of many people. This article describes monetary policy decision making at the Bank, and discusses some common misconceptions about monetary policy and the process.

5 November 2013 Transitioning to More Balanced and Sustainable Growth

Remarks John Murray Federal Reserve Bank of San Francisco San Francisco, California
Deputy Governor John Murray discusses transitioning to more stable and balanced economic growth in the global economy.
Content Type(s): Press, Speeches

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