Speaking of Switzerland, which has incredibly low inflation—and by the way, a lot of people think that tight monetary policy runs against the job creation goal—Switzerland has an unemployment rate of 2.6%, a third of the rate of the broader eurozone. By keeping inflation down, they're actually creating more job opportunities for their people.
Switzerland has a lower inflation target than Canada. They target 1% instead of 2%. It's interesting that a country that has done that actually has avoided the worst of the 2008 financial crisis and has had pretty much the best economic results throughout the COVID crisis, certainly among its neighbours.
What do you think about a more strict and lower inflation target?