Readings on negative central bank base rates

The basics (which countries have negative rates; hoped for effects - demand
stimulus effects and breaking out of "secular stagnation"):

https://www.weforum.org/agenda/2016/03/negative-interest-rates/

Why negative rates might in fact be bad for the economy (by Skidelsky and
Stiglitz):

https://www.weforum.org/agenda/2016/05/what-would-keynes-think-about-
negative-interest-rates/
and
https://www.project-syndicate.org/commentary/negative-rates-flawed-
economic-model-by-joseph-e--stiglitz-2016-04

These negative effects include negative interest rates hurting the profitability
and stability of commercial banks (and with it, their ability to make loans to the
private sector and their appetite for taking risks).

In addition to Stiglitz and Skidelsky, also taking a negative view of the move is
the Bank for International Settlements (BIS) - known as the Central Bankers
central bank:
https://www.weforum.org/agenda/2016/03/central-bankers-on-negative-
interest-rates

Some alternatives to negative base rates:

- Fiscal policy (and to make this as productive as possible, the state
could spend on infrastructure etc - see Skidelsky above)
- "helicopter" money drops (though the effects of this are also hotly
debated).