BELOW ZERO: What does ‘negative interest rates’ mean and will the policy work?

A friend of mine sent me a video concerning negative interest rates and the positive and negative impacts they may have on the economy. There are six foreign banks that have adopted negative interest rates. European countries offering negative interest rates include Denmark, Sweden, Switzerland, Hungary and the European Central Bank (ECB). Japanese banks also offer negative interest rates. Taken together these countries and the ECB represent 1/4 of global economic output.

Question: Are zero interest rates good or bad? 

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Here are two videos that answer the above question:

What does ‘negative interest rates’ mean and will the policy work?

Video on negative interest rates from Bloomberg:

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Below Zero: The World Experiments with Negative Interest Rates

World’s Longest Negative Rate Experiment Shows Perversions Ahead

How Sweden’s negative interest rates experiment has turned economics on its head

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