On the Optimal Choice of a Monetary Policy Instrument
---- Acknowledgements -----
Atkeson, Chari, and Kehoe thank the National Science Foundation for financial support, Jon Faust and Nancy Stokey for useful discussions, particularly Stokey's  discussion of an earlier draft of this work, and Kathleen Rolfe and Joan Gieseke for excellent editorial assistance. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.