This study finds that uncertainties in interest rates, commodity prices and money aggregate affect economic outcomes for Germany. Both interest rate and monetary policy uncertainty measures are positively correlated with interest rates, while commodity price uncertainty is negatively correlated...

"We introduce a novel method for estimating a monetary policy rule using macroeconomic news. We estimate directly the policy rule agents use to form their expectations by linking news' effects on forecasts of both economic conditions and monetary policy. Evidence between 1994 and 2007 indicates...