This paper examines pollution tax differentiation across industries in light of social equity concerns using … industries, even when social inequality aversion is low. Our results are robust with respect to the stringency of the …

fluctuations, both at the aggregate level and at the level of individual industries. We construct a New Keynesian DSGE model that …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are …